“Tax Relief for Wildfires and Storms?
You must be kidding”
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Sure, the IRS provides some tax relief for taxpayers who suffer from natural disasters such as severe storms, wildfires, hurricanes, floods, and tornados.
But when you dig a little deeper, you discover that the promised “tax relief” Uncle Sam offers is really not so hot.
For starters, the IRS requires documentation of your deductions. NOT ALWAYS EASY TO GET WHEN YOU’VE JUST BEEN THROUGH A DISASTER!
The fact that a fire destroyed your records
does not change that rule.
This sounds hard, and to some extent it is, but it’s simple compared to the reconstruction of the records you need.
For some practical information you can put to use, take a moment and read my new article…
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“Tax Relief for Wildfires and Storms?
You must be kidding”