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2021 AICPA & CIMA National Tax & Sophisticated Tax Conferences with Private Foundation Summit

NTA2125 - Disaster Filing Deadlines and Casualty Losses

Nov 16, 2021 1:30pm ‐ Nov 16, 2021 2:45pm

Standard: $49.00


This session will take you thru the mechanics of a 7508A filing delay to preparing returns for taxpayers with casualty losses. This session will also provide the participants with an update and review of the necessary information for CPAs to prepare returns for taxpayers affected by natural disasters and assist clients with other recovery matters. Major Topics include: Code Section 7508A and how it affects returns Personal Casualty Losses Business Casualty Losses Involuntary Conversions121 Exclusions Personal Property Learning Objectives: Identify how filing delays as a consequence of disasters affects your practice, due dates, and deadlines. Identify how to assist clients who have experienced casualty losses in filing tax returns.

Learning Objectives:
  • Participants will acquire a knowledge of Code Section 7508A and the mechanics of a disaster related filing delay
  • Participants will acquire a knowledge of filing returns for taxpayers with disaster related casualty losses.


Category: Concurrent Session Onsite and Online

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