Disaster Losses
Exam OnlyAvailable: 06/08/2026
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 is part of When Bad Things Happen to Good Taxpayers*
Prerequisites
2-4 years tax preparation experience.Field of Study
Taxes-1.00NASBA Categories
TaxesCourse Level
IntermediateCourse 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. .This course includes the 12/12/2024 Disaster Bill