Casualty Loss

Demystifying Personal Casualty Losses

March 5th, 2024|Categories: Accountant, Burns Firm, Casualty Loss, CPA, CPA Dallas, CPA near me, Dallas CPA, Deductions, Tax, Tax Advisor, Tax Deductions, Tax Preparation, Tax Return Preparer, tax write-offs, The Burns Firm|Tags: Can I Deduct Personal Casualty, cpa near me, Dallas CPA, Limited Deductions for Personal Casualty Losses, Personal Casualty Losses, tax advisor, The Burns Firm|

In recent years, many Americans have been the victims of natural disasters. If you're unfortunate enough to suffer a personal casualty loss, here are the federal income tax implications. Limited [...]

Casualty Loss Tax Deductions May Help Disaster Victims in Certain Cases

October 11th, 2023|Categories: Accountant, accountant near me, Accounting, Burns Firm, Casualty Loss, CPA, CPA Dallas, CPA near me, Dallas CPA, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Tax Planning, Tax Return, The Burns Firm|Tags: Casualty Loss Tax Deductions, Casualty Losses, CPA Dallas, cpa near me, Dallas CPA, tax advisor, Tax Break for Casualty Loss, The Burns Firm, What Is Considered to be a Casualty for Tax Purposes|

This year, many Americans have been victimized by wildfires, severe storms, flooding, tornadoes, and other disasters. No matter where you live, unexpected disasters may cause damage to your home [...]