Disaster recovery

When people think of the public accounting profession, they often don't realize that what we do can have a monumental impact on people's lives.

The Senate passed a bipartisan bill that would provide tax-filing relief for taxpayers in states that have issued state-level disaster declarations, sending the bill to President Trump for his signature.

The California Society of CPAs and the National Association of Black Accountants are helping the entertainment community, businesses and homeowners recover.

The pace of natural disasters seems to be accelerating, prompting taxpayers and preparers to search for ways to deduct catastrophic losses.

Foreshadowing TCJA talk; BOI ping-pong; rightful claims; and other highlights from our favorite tax bloggers. 

Disaster planning; the flipside of an Employee Retention Credit mess; the QoE; and other highlights from our favorite tax bloggers.

The Internal Revenue Service has determined that the Feb. 3, 2023, derailment qualifies as "an event of a catastrophic nature."

The American Institute of CPAs is teaming up with other groups to help accountants cope with natural disasters, as well as learn more about the environmental, social and governance area.

The Internal Revenue Service has been sending out erroneous balance due notices demanding taxpayers in federal disaster areas pay up, even though they're supposed to get extra time.

Part of the point of the follow-up mailing is to clear up any confusion that may have arisen from an earlier mailing.

It's vital to take a personalized approach to each business to understand their circumstances, help determine whether they're eligible for Disaster ERCs, and accurately calculate potential credits.

The network's local member firms in Istanbul and Ankara recommended an advocacy organization funded by Turkish rock singer Haluk Levent.

Whether you're facing natural disasters, man-made threats, or technology systems failures, prior preparation is essential.

The hurricanes made it impossible for many taxpayers to meet the Oct. 17 and other impending tax deadlines.

The institute sent a letter to House lawmakers urging them to include a disaster provision in a bipartisan retirement bill that’s already part of the Senate version of the legislation.

The Internal Revenue Service is giving victims of Hurricane Ida in some parts of Mississippi until Jan. 3, 2022 to file their individual and business tax returns, although the Nov. 1, 2021 deadline still applies to the rest of the state.

The Internal Revenue Service has been extending tax relief to Americans affected by natural disasters like hurricanes and wildfires, but recent legislation could make it easier to qualify for federal tax relief.

Lawmakers proposed bipartisan legislation in the Senate to allow the Internal Revenue Service to postpone filing deadlines when a state-level disaster declaration is issued, rather than waiting for the federal government.

The IRS is giving those impacted by the hurricane until the new year to file various returns and make payments.

The service didn’t flag hundreds of millions of dollars of unsupported deductions.