Disaster planning and recovery is on everyone’s minds these days, whether it’s due to wildfires or hurricanes, or any other life-disrupting events.
To help CPAs as they work on behalf of their clients, the AICPA is making valuable disaster relief resources available to ALL members (and the public), in addition to Tax Section members.
The AICPA Tax Section has unlocked important disaster-related content on aicpa.org in an effort to help tax practitioners prepare their clients and communities for the aftermath of Hurricanes Harvey and Irma.
Casualty Loss Practice Guide
The primary purpose of the Casualty Loss Practice Guide is to assist practitioners in dealing with certain tax problems that arise when a client is affected by a natural disaster. The guide discusses rules for casualty losses and deductions for involuntary conversions and provides information on relevant Internal Revenue Service (IRS) publications, as well as other useful material.
Disasters and Taxes – Understanding Tax Relief for Disaster Victims Webcast
This in-depth webcast features Jerry Schreiber, CPA, discussing tax relief for individuals and businesses affected by a disaster.
The AICPA Tax Section is the home for CPA tax professionals seeking the edge they need to achieve success for themselves and their clients. Members find exclusive support in practice tools, timely news, and guidance in implementing best practices. Tax Section membership keeps CPA tax practitioners ahead of trends in tax, and is a strategic advantage in demonstrating their value as the most trusted providers of professional tax services.