Deducting Losses from a Disaster on Your Tax Return
Massive flooding of Texas and Oklahoma has caused widespread damage to businesses and homes. If you suffer damage to your home or personal property, you may be able to deduct casualty losses you incur on your federal income tax return. Here are 10 tips you should know about deducting losses: 1. Casualty loss. You may […]
Dallas CPA Tip: Protect Your Documents for Disaster
This year has seen its share of natural disasters. From tornadoes to earthquakes to flash floods, it seems few regions are immune this spring. Adding to the anxiety is peak tornado season, and locally, possible evacuations for Denton county residents due to flooding. The volatile weather patterns have caused many to access their disaster preparedness […]
