by Pedro Gonzalez, CPA | Mar 5, 2021 | Business Planning, Tax Strategies
Disasters are always bad news. Fires, floods, freezes, and other disasters can damage or destroy the personal or real property you use to keep your business up and running. However, you may be able to deduct your losses. And you are not subject to many of the...
by Pedro Gonzalez, CPA | Dec 26, 2017 | Tax, Tax Advantages
The IRS has provided two general purpose safe harbors for claiming a casualty loss related to a personal residence and its contents (in Revenue Procedure 2018-8), as well as one tailored for the hurricanes that took place in 2017(Revenue Procedure 2018-9). In a...