Course Selection / Disaster Losses

Disaster Losses

Exam Only
IRS Number: 5KBKR-T-00933-25-S

Available: 06/19/2025

Product Description

In this course the instructor explains the tax rules regarding disasters including federally declared disaster areas, filing extensions, casualty loss deductions and income exclusions. This course includes the 12/12/2024 Disaster Bill

Prerequisites

None

Field of Study

Taxes-1.00

NASBA Categories

Taxes

Course Level

Intermediate

Course Objectives

Upon completion of this course you should have a greater understanding of gains and losses in the event of a qualified disaster, specifically as they pertain to personal residences and livestock. Participants should be able to define theft and casualty loss, in addition to obtaining an awareness of deferred gains, grants and loans, as well as postponed deadlines. This course will inform you of the process to claiming a loss on prior returns.