Casualties and Disasters: Understanding Tax Laws
Registration will close on May 6, 2025 at 12:00am Pacific Time
Date: Tuesday, May 6, 2025
Instructor: Susan Harper
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC |
|
NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Explore casualties and disaster taxation with Susan Harper, Certified Fraud Examiner, and former IRS Internal Revenue Agent of 34 years. This course will help you maximize the benefits available to your clients who have suffered personal and/or business casualties and disasters. With 20 years instructing CPE courses, Susan will deliver an entertaining and informative discussion to address disaster-related provisions of tax law while sharing interesting case stories.
Topics Covered
- Casualties Defined
- Calculating the Loss Deduction
- Safe Harbors
- Involuntary Conversions
- Reporting the Casualty Loss Deduction
- 1. Multiple Casualties during Year
- 2. Mixed-Use Property
- Timing and Deductibility of Loss
- Disaster Relief Payments
- Postponed Deadlines
Learning Objectives
- Identify how to claim a loss for a personal casualty
- Explain how to calculate the amount of a casualty loss
- Explain how to apply the casualty loss deduction limits
- Explain how to Report a casualty loss
- Identify the taxation of disaster-related provisions
- Identify types of relief for disaster victims
- Identify where to find useful resources related to disasters
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
None
Advance Preparation
None
