More disaster relief resources available for CPAs to help clients

News from the American Institute of CPAs (AICPA)…
The AICPA Tax Section has unlocked important disaster-related content on 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.
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