Disaster Relief Provisions

Disaster Relief Provisions

For the years after December 31, 2017 and before January 1, 2026, casualty losses itemized deduction for uncompensated from:

(a) Personal casualty losses;

(b) Fire;

(c) Storm;

(d) Shipwreck; and,

(e) Other casualty, theft, etc.

Are suspended, except if incurred in a Federally-declared disaster area.

Zaher Fallahi, Tax Attorney, CPA, is a Tax Controversy Attorney, and defends taxpayers in resolving their Income Tax and Offshore Accounts (FBAR and FATCA) problems. Telephones: (310) 719-1040 (Los Angeles), (714) 546-4272 (Orange County), e-mail taxattorney@zfcpa.com