Every year we see Mother Nature at her best and worst. And each year you will find some area of the country that has been hit with either severe drought, hurricanes, flooding and tornadoes.
With the recent flooding in Iowa and New Orleans (yet again), the following are some extremely valuable links the IRS and other government agencies have put together to help you deal with any type of disaster.
For Individuals
FAQs for Disaster VictimsThis section provides current information on disaster relief and frequently asked questions. The Hurricane Katrina FAQs are now listed separately from the general FAQs, which are applicable to any disaster.
Reconstructing Your RecordsReconstructing records after a disaster may be essential for tax purposes, getting federal assistance or insurance reimbursement. Records that you need to prove your loss may have been damaged or destroyed in a casualty. While it may not be easy, reconstructing your records may be essential.
Publication 2194, Disaster Losses Kit for Individuals (PDF)Publication 2194 is a Disaster Losses Kit to help individuals claim casualty losses on property that was destroyed by a natural disaster. The kit contains tax forms needed to claim a casualty loss. It also answers common questions like how to extend the time you need to file, how you can receive free tax services and how to identify which disaster losses to claim.
Help for Hurricane Victims: Information on Tax Relief, Charitable IssuesThe Internal Revenue Service is working to provide appropriate relief and assistance to victims of Hurricanes Katrina, Rita and Wilma.
FAQs for Disaster VictimsThis section provides current information on disaster relief and frequently asked questions. The Hurricane Katrina FAQs are now listed separately from the general FAQs, which are applicable to any disaster.
Reconstructing Your RecordsReconstructing records after a disaster may be essential for tax purposes, getting federal assistance or insurance reimbursement. Records that you need to prove your loss may have been damaged or destroyed in a casualty. While it may not be easy, reconstructing your records may be essential.
Publication 2194, Disaster Losses Kit for Individuals (PDF)Publication 2194 is a Disaster Losses Kit to help individuals claim casualty losses on property that was destroyed by a natural disaster. The kit contains tax forms needed to claim a casualty loss. It also answers common questions like how to extend the time you need to file, how you can receive free tax services and how to identify which disaster losses to claim.
Help for Hurricane Victims: Information on Tax Relief, Charitable IssuesThe Internal Revenue Service is working to provide appropriate relief and assistance to victims of Hurricanes Katrina, Rita and Wilma.
For Businesses
Publication 2194B, Disaster Losses Kit for Business (PDF)Publication 2194B is a Disaster Losses Kit to help businesses claim casualty losses on property that has been destroyed by a natural disaster. The kit contains tax forms needed to claim a casualty loss.
Crop Insurance and Crop Disaster Payments - Agriculture Tax TipsThis section offers helpful tax tips including whether crop insurance and crop disaster payments are taxable.
For Tax Professionals
Disaster Relief Resource Center for Tax ProfessionalsThrough this resource center we address many of the questions received from tax professionals. We've included information published by the IRS, along with links to IRS partners who may offer additional assistance. Many of our partners have developed Web pages that highlight the efforts they've made to help their fellow practitioners to recover and get re-established.
Disaster Assistance Self-StudyThe Disaster Assistance Self-Study provides the basic information needed to assist taxpayers in a disaster. It provides the volunteer practitioner disaster representative member with information on distributing Disaster Kits, computing gains/losses as the result of a disaster, information about administrative tax relief and information about the psychological effects of a disaster on its victims.
Publication 2194B, Disaster Losses Kit for Business (PDF)Publication 2194B is a Disaster Losses Kit to help businesses claim casualty losses on property that has been destroyed by a natural disaster. The kit contains tax forms needed to claim a casualty loss.
Crop Insurance and Crop Disaster Payments - Agriculture Tax TipsThis section offers helpful tax tips including whether crop insurance and crop disaster payments are taxable.
For Tax Professionals
Disaster Relief Resource Center for Tax ProfessionalsThrough this resource center we address many of the questions received from tax professionals. We've included information published by the IRS, along with links to IRS partners who may offer additional assistance. Many of our partners have developed Web pages that highlight the efforts they've made to help their fellow practitioners to recover and get re-established.
Disaster Assistance Self-StudyThe Disaster Assistance Self-Study provides the basic information needed to assist taxpayers in a disaster. It provides the volunteer practitioner disaster representative member with information on distributing Disaster Kits, computing gains/losses as the result of a disaster, information about administrative tax relief and information about the psychological effects of a disaster on its victims.
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