Accounting for casualty losses during a national disaster.
The Tax Adviser › Vol. 37 Nbr. 1, January 2006
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Extract
Accounting for casualty losses during a national disaster.
Recently, accounting for disasters seems to be an annual event, with all the hurricanes, tornadoes and floods. The President has had to declare disaster areas numerous times, thus allowing for specialized accounting and exceptions to the rules.
General Tax Relief During a nation...See the full content of this document
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