TAX2506. When Disaster Strikes: Navigating Relief When Faced with Destruction

This insightful session is designed for tax professionals, focusing on the critical aspects of disaster relief. We will cover recent changes in disaster relief, outline the intricacies of personal and business casualty loss and gain rules, and provide essential guidance on tax filing relief when a disaster strikes. Attendees will gain a comprehensive understanding of how to assist clients in navigating the complexities of tax relief during challenging times, ensuring compliance and maximizing available benefits.

Learning Objectives:

• Analyze the key provisions of casualty loss rules and how they apply to disaster situations.
• Identify the various tax filing relief options available to taxpayers affected by disasters.
• Determine strategies to effectively advise clients on navigating tax relief and compliance during and after a disaster.