Casualty loss

Fast IRS refunds after Harvey losses

[…] A little-know IRS rule allows you to claim losses from federally declared disasters in the previous year – as if they occurred a year earlier. This means that losses from Harvey can be included on your 2016 tax return. If you have not filed your 2016 tax return yet, […]

Need cash after Harvey? The IRS can help!

[…] The loss calculation is very similar to the calculation for your own home, but better: your do not have to worry about the 10% trim. There is more good news: unlike your usual operational losses, your Harvey losses will NOT be limited if your income is too high! […]