In Brief Losses from natural disasters are generally tax deductible, but taking the deduction requires properly valuing the amount of the loss. The IRS recently…
This article was adapted for CPAJournal.com. Portions of this article were previously published by professional societies. For a list of resources and information on Hurricane Harvey,…
With the recent devastation caused by Hurricane Harvey, the editors of The CPA Journal thought it appropriate to re-present this article from December 2016…