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Tag: casualty loss

Claiming A Casualty Loss For Hurricane Damage Is More Complicated After Tax Reform

Kelly Phillips ErbSeptember 2, 2019May 19, 2020

Hurricane Dorian made landfall in the Bahamas over the weekend. The category 5 storm has been called the strongest storm to ever threaten the east coast

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IRS Announces Tax Relief For Taxpayers Affected By Hurricane Florence

Kelly Phillips ErbSeptember 15, 2018July 1, 2022

The Internal Revenue Service (IRS) has announced tax relief for victims of Hurricane Florence.

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Taxes From A To Z (2014): L Is For Lost Property

Kelly Phillips ErbMarch 23, 2014July 27, 2020

Taxes from A to Z: L is for Lost Property.

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

Kelly Phillips ErbMarch 7, 2013July 7, 2020

D is for Disaster Relief. The forecast for the past several days has been terrible with warnings and advisories for gusting winds, heavy rain and

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

Kelly Phillips ErbDecember 26, 2012July 5, 2020

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

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Tax Relief & Helping Out As Hurricane Sandy Recovery Efforts Continue

Kelly Phillips ErbNovember 5, 2012July 5, 2020

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

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

Kelly Phillips ErbJuly 31, 2012June 16, 2020

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

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11 Potentially Life Changing Year End Tax Strategies

Kelly Phillips ErbDecember 28, 2011

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

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IRS Announces Additional Tax Relief For Storm Victims

Kelly Phillips ErbSeptember 8, 2011

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.

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Property Damage & Casualty Losses After Irene

Kelly Phillips ErbAugust 29, 2011

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

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