Reviewing these disaster resources now can help taxpayers be more prepared later

By mouse

October 19, 2020

No one can fully prepare for a disaster, but knowing what resources are available beforehand can make the recovery a little easier. Here’s a list of resources that taxpayers might find helpful before and after a disaster: Tax relief in disaster situations – This page features links to disaster resources. These walk taxpayers through information that will help them after a disaster. This page also links to local news releases and frequently asked questions. FAQs for disaster victims – Users will find links to several different pages of FAQs. Each set of FAQs is about a specific topic to help people after a disaster. Around the nation – This page highlights news specific to local areas. This includes disaster relief and tax provisions that affect certain states. Publication 2194, Disaster Resource Guide for Individuals and Businesses – This resource guide provides information for individuals and businesses affected by a disaster. It also covers the help available for disaster victims. The guide can help taxpayers claim unreimbursed casualty losses on property that was damaged or destroyed. Reconstructing records after a disaster; IRS provides tips to help taxpayers – This fact sheet helps people who are facing the challenge of reconstructing their financial records after a disaster. It covers how to properly document a tax-deductible loss. Publication 584, Casualty, Disaster, and Theft Loss Workbook – This workbook helps individual taxpayers figure the loss on their property because of a disaster, casualty or theft. Publication 584-B, Business Casualty, Disaster, and Theft Loss Workbook – This workbook helps businesses figure the loss on business property because of a disaster, casualty or theft. Publication 547, Casualties, Disasters, and Thefts – This publication explains the tax treatment of casualties, thefts and losses. Share this tip on social media