Catastrophes, Calamities and Cataclysms – Oh My!
Tax Help for Disaster Loss Disasters happen. The financial impact of the blizzards that hit the Northeast and the Midwest will doubtlessly be felt by both business owners and individuals. It’s good to keep in mind that there are special tax provisions designed to help in recovery. The National Association of Enrolled Agents (NAEA) has advice for those dealing with disaster loss. First off, like the Boy Scouts, be prepared. Try to be as paperless as possible by scanning your tax documents and saving them to “the cloud” or onto a CD or DVD. If you choose the disc option, [...]