If you and your property fall victim to a natural disaster, taxes will probably be the last thing on your mind. Fortunately, the IRS provides disaster relief provisions intended to help you get back on your feet in your time of need.
Casualty loss, or loss not covered by insurance, can be claimed on your tax return as a deduction. The IRS can also help you reconstruct lost tax records and provide workbooks to guide you through inventorying damaged property. IRS representatives will work with you to find a solution if you are unable to meet deadlines. Watch this video to learn more about how the IRS can help you in the event of a disaster.
The San Diego Tax Pro provides tax preparation services for individuals and businesses in the San Diego area. Call us at (888) 690-9245 to set up an appointment with one of our experienced tax preparers today!
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