Can I claim a loss due to the flooding?
Casualty Losses Personal Property Those affected by the recent floods may qualify for casualty loss deductions. These losses are reported on Form 4684, Casualties and Thefts. The loss is limited to the lesser of cost or decrease in FMV of…
Tax Relief to Louisiana Storm Victims
Louisiana storm victims will have until January 17, 2017 to file certain Federal individual and business tax returns and make certain Federal tax payments, the Internal Revenue Service announced Monday. All workers assisting the relief activities who are affiliated with…
