The adventures & musings of an Enrolled Agent representing clients in Tax Controversy cases at the Neighborhood Christian legal clinic - Low Income Taxpayer Clinic.

Indianapolis, Indiana

Reconstructing Tax Records After a Disaster

Reconstructing Tax Records After a Disaster

After a disaster, you might need to reconstruct records. This could help you prove your losses, which may be essential for tax purposes, getting federal assistance or insurance reimbursement. Here are several things you can do to help reconstruct or get copies of specific types of records after a disaster: Tax Return Transcripts You canRead more about Reconstructing Tax Records After a Disaster[…]

Casualty loss

Casualty loss

NOTE: The “Tax Cuts and Jobs Act,” which Congress passed on Dec. 20, 2017, made significant changes to the tax code. As of January 1, 2018, taxpayers can take a deduction for casualty losses only if the loss is attributable to a Presidentially declared disaster. If you suffer damage to your home or personal property, you may be able to deductRead more about Casualty loss[…]