All 2020 CPE and networking events have been moved online. Visit our updated catalog »

Disaster Recovery – Avoiding Pitfalls In Income Tax Reporting

Description

Learn how to properly determine the casualty losses and gain and, when required, how to report the casualty loss on Form 4684; Gain knowledge on what you need to know to better assist your client affected by a casualty loss in a natural disaster such as a major fire; Understand the recovery process, documentation, decisions, compliance reporting content, and deadlines related to a casualty.

Learning Objectives

*Develop understanding of “Big Picture”
*Differentiate between a Federally Declared Disaster that “opens” the tax code with special benefits and other events that present additional restrictions
*Assist clients report the tax consequences of a disaster
*Recognize a Casualty Loss from and Involuntary Conversion

Major Topics

*FEMA declarations and the tax code
*Cautions regarding use of IRS Pub 547 – IRS words and phrases
*Casualty Losses
*Involuntary Conversions
*Business and Investment property differences
*Special situations, death and divorce
*Statute of Limitations
*Significant court cases and instructor’s experiences (case studies)

Provider
Colorado Society of CPAs
Course Level
Basic
CPE Field of Study
Specialized Knowledge
4
Who Should Attend

Tax Professionals who have one or more clients affected by a major property loss

Prerequisites

Basic income tax competency

Advanced Preparation

None

Location
Webcast
Event Information
When
Dec 9, 2020
1:00 pm - 4:40 pm MST
Location
Webcast
Total CPE Credits
4
Format
Webcast

MEMBER


$ (% off)
$199.00

NON-MEMBER


$ (% off)
$285.00
Become A Member

Register for this Event

Disaster Recovery – Avoiding Pitfalls In Income Tax Reporting


Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now

×