Category Archives: Casualty Loss

Safeguard records before a disaster strikes

There’s never a good time to plan for a disaster. There’s never a better time either. So why wait? Instead of having to reconstruct personal and business records in the aftermath of an unexpected calamity, safeguarding documents before you suffer a loss will make it easier to claim casualty deductions and other tax breaks. Here’s an overview of some of… (more…)

Casualty Loss Tax Relief for Hurricane Sandy Victims

Well Hurricane Sandy left behind countless fallen trees and power lines.  There were stories of tragedy and survival, of people who lost everything when the water rushed in, of buildings that crumbled after being pounded hour after hour by rain and relentless wind, of hospitals that had to be evacuated when the storm knocked out the electricity.  Scores of damages… (more…)