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For more than 20 years I have assisted taxpayers who have experienced a disaster. We help people prepare in advance for life’s unexpected events.
Possible Tax Issues After Receiving an Insurance Settlement for the Loss of Your Home
The statements made in these blog postings do not qualify as tax advice. These statements are general comments based on general questions. Your specific facts will impact the application of the law to your situation. The basic facts of modern life include the fact...
FAQs Regarding Insurance Settlement Tax Implications Following the Loss of Your Home.
The statements made in these blog postings do not qualify as tax advice. These statements are general comments based on general questions. Your specific facts will impact the application of the law to your situation. What are the possible significant tax-related...
Tax Considerations Following an Insurance Settlement for a Loss
The statements made in these blog postings do not qualify as tax advice. These statements are general comments based on general questions. Your specific facts will impact the application of the law to your situation. The experience of a disaster property loss requires...
Are Homeowner Insurance Settlements Taxable?
Insurance payouts for a disaster loss are complex. The tax laws covering the disbursement of insurance funds are also complex. However, the intention of the tax laws in these cases is to assist the taxpayer in returning to the position they held prior to the loss. The tax laws are designed to allow the taxpayer to use all the funds to restore their prior lifestyle without the government taking a cut.
Community Workshops on Post-Disaster Tax Matters
News & Advice From a Leading Thousand Oaks CPA Were you affected by the Rocky, Jerusalem or Valley fires? I will be speaking to residents at the Middeltwon Twin Pines Casino Event Center, and at the Lakeport City Hall Council Chambers. Local community leaders,...
Post-Disaster Income Tax Workshop
News & Advice From A Leading Westlake Village CPA Are you an appraiser, CPA, attorney or other finance professional who advises individuals and businesses about IRS Casualty Losses? I will be speaking to tax professionals and appraisers on January 13, 2016 at...