Federal Disasters: What You Need to Know
Includes Deadline Postponements, Qualified Disaster Recovery Distributions, and Casualty Loss Deductions - Recorded 11/21/24
Federally declared disasters come with special tax provisions and benefits. This course selects one federally declared disaster and walks step-by-step through §7508A tax deadline postponements, qualified disaster recovery distributions, and casualty loss rules with respect to that disaster, including preparation of any required IRS forms.
Learning Objectives
- Describe the operation of §7508A tax deadline postponements in a federally declared disaster area.
- Determine if a retirement distribution is a qualified disaster recovery distribution and its federal tax treatment.
- Apply the casualty loss deduction provisions to a disaster scenario.
Education Information
IRS Program Number: NMVBP-T-00293-24-S
Credit hours: 1 NASBA CPE / 1 IRS CE
Prerequisite: None
Advanced Preparation: None
Program Level: Basic
Delivery Method: QAS Self-Study (NASBA); On Demand (IRS)
Field of Study: Taxes (NASBA); Federal Tax Topics/Federal Tax Related Matters (IRS)
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Course expires one year after purchase.
Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor.
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