Find us on Google+

Posts tagged as:

casualty loss

Taxes From A To Z (2013): D Is For Disaster Relief

7 March 2013

Tweet D is for Disaster Relief. The forecast for past several days has been terrible with warnings and advisories for gusting winds, heavy rain and ice and several inches of snow slated to blow into the Philadelphia area. Did the storm live up to the hype? You can see, in this quick shot of the [...]

0 comments Read the full article →

How You Can Lose Money on Paper And Still Win at Tax Time Like Romney

26 December 2012

Tweet We’re programmed to hate losses. A loss tends to mean that you did something wrong, made a poor move or chose the ill-advised option. But in the tax world, a loss isn’t always a bad thing. Losses on paper sometimes means a win at tax time – just ask Mitt Romney. Romney’s 2010 federal [...]

0 comments Read the full article →

Cleaning Up, Tax Relief and Helping Out As Sandy Recovery Efforts Continue

5 November 2012

Tweet I know that cleanup efforts are still ongoing in the aftermath of Hurricane Sandy… 21,000 people in the Philadelphia area alone are still without power and nearly 2 million are still in the dark in the State of New Jersey. Worrying about taxes in the middle of all of that shouldn’t be part of [...]

0 comments Read the full article →

IRS Reminds Taxpayers To Take Steps To Prepare for Hurricanes, Other Disasters

31 July 2012

Tweet It’s been a quiet hurricane season so far on the east coast. After last year, that’s a relief for a lot of folks. And it looks like the pattern will continue: the National Oceanic and Atmospheric Association (NOAA) is predicting a “near normal” season for the year, with expectations of 13 named storms, 5 [...]

0 comments Read the full article →

11 Potentially Life Changing Year End Tax Strategies

28 December 2011

Tweet 2011 is coming to a close which means that year end tax strategies are on the minds of many taxpayers. We all know the most common tips (pay mortgages in advance, make contributions to retirement accounts, donate to charities) but what about those outside of the box? It’s true that you can engage in [...]

0 comments Read the full article →

IRS Announces Additional Tax Relief for Storm Victims

8 September 2011

Tweet We survived Irene. Five days without power and water felt like an eternity but we were very lucky to otherwise not sustain any real damage. My kids were safe albeit a little cranky. I realize that not everyone was so lucky and my thoughts and prayers are with all of you who suffered injury [...]

0 comments Read the full article →

Property Damage and Casualty Losses After Irene

29 August 2011

Tweet This morning, the sun is shining prettily outside the window. There is hardly any indication of the storm that was Hurricane Irene that roared through the area – except that I am typing this article on a laptop in a darkened room, not sure when or where I’ll post it. We are one of [...]

2 comments Read the full article →

Deduct This: History of the Casualty, Disaster and Theft Deduction

2 July 2011

Tweet As I sat on my parents’ deck last week, I could see huge plumes of smoke in the distance. The fire in Pender County, NC, where my parents live had reached nearly 30,000 acres (or about 47 square miles) by the time we were headed home. A lack of rain kept fires burning there [...]

1 comment Read the full article →

IRS Announces Tax Relief for Joplin, Other Areas Affected By Storms

27 May 2011

Tweet The images and stories to come out of Joplin, Missouri over the past week have been heartbreaking. The death toll is now estimated to be 132 with an additional 156 people unaccounted for as yet. With all of the sadness, loss and disruptions facing the folks in Joplin, the last thing they need to [...]

0 comments Read the full article →

A Safe Bet: Protecting Your Tax and Financial Documents

4 February 2011

Tweet The first part of the year inspires folks to take a closer look at their finances and organization (and often, lack thereof) and make some changes for the rest of the year. That usually involves some measure of sorting through documents, trying to figure out which ones to keep and which ones to toss. [...]

38 comments Read the full article →

← Previous Entries