Casualties and Disasters (Completed)

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Explore casualties and disaster taxation with Susan Harper, Certified Fraud Examiner, and former IRS Internal Revenue Agent of 34 years. This webinar will help you maximize the benefits available to your clients who have suffered personal and/or business casualties and disasters. With 20 years instructing CPE courses, Susan will deliver an entertaining and informative discussion to address disaster-related provisions of tax law while sharing interesting case stories.

Topics Covered

• Casualties Defined
• Calculating the Loss Deduction
• Safe Harbors
• Involuntary Conversions
• Reporting the Casualty Loss Deduction
• 1. Multiple Casualties during Year
• 2. Mixed-Use Property
• Timing and Deductibility of Loss
• Disaster Relief Payments
• Postponed Deadlines

Learning Objectives

• Understand how to claim a loss for a personal casualty
• Calculate the amount of a casualty loss
• Apply the casualty loss deduction limits
• Report a casualty loss
• Understand the taxation of disaster-related provisions
• Understand types of relief for disaster victims
• Know where to find useful resources related to disasters

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (1 hour)

Program Prerequisites
None

Advance Preparation
None