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casualty loss deduction

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1 headnote for casualty loss

- Casualty losses

More than 10.000 documents for casualty loss

- 19 CFR 158.21 - Allowance in duties for casualty, loss, or theft while in Customs custody.
- Code of Federal Regulations - Title 19: Customs Duties
- Cooperative owner cannot deduct cooperative's casualty loss.
A shareholder in a cooperative housing corporation was not allowed to deduct as a casualty loss an assessment levied against her by the cooperative to...
- The Tax Adviser
- Vol. 42 Nbr. 5, May 2011
- Take Three Steps to Protect Tax Credits After Casualty Loss
The IRS has specific requirements regarding reporting and restoration time frames regarding casualty losses. Three key steps to take to ensure that your tax credits are not recaptured or lost are: 1. Promptly report the casualty loss. 2. Repair the damage within a reasonable time period. 3. Document each step. Depending on the nature of the damage, initial steps could involve an investigation, which could add weeks or months to your repair time period.
- Tax Credit Housing Management Insider
- Vol. 11 Nbr. 10, November 2009

- Documenting a casualty loss.
[ILLUSTRATION OMITTED] The ordeals of hurricanes Katrina, Rita and Wilma in 2005 and Gustav and Ike this year taught us in the Gulf Coast a lot abou...
- Journal of Accountancy
- Vol. 206 Nbr. 5, November 2008
- 19 CFR 158.27 - Accidental fire or other casualty.
...Subpart C: Casualty, Loss, or Theft While in Customs Custody. 158.27 - Acci...
- Code of Federal Regulations - Title 19: Customs Duties
- U.S. Tax Court Rules Drunk Driver Entitled to Casualty Loss Tax Deduction
A taxpayer is entitled to a casualty loss deduction for a vehicle he wrecked while driving drunk, the U.S. Tax Court has ruled in vacating a $6,230 income tax deficiency assessment. The taxpayer claimed a $33,629 casualty loss deduction for damage sustained by his pickup truck in a rollover accident in California. The taxpayer was cited for drunk driving in connection with the wreck, which occurred after he had been driven home from a party and took his truck to visit his parents.
- Lawyers USA
- December 15, 2009
- 19 CFR 158.25 - Partial destruction or injury.
...Subpart C: Casualty, Loss, or Theft While in Customs Custody. 158.25 ...
- Code of Federal Regulations - Title 19: Customs Duties
- Immediate Impact
When the IRS called the California Society of CPAs urgently seeking assistance in California for what then was reported to be up to 20,000 evacuees from Hurricane Katrina, members answered the call. CPA Mitzy Barreto was one of hundreds of members who volunteered to assist victims of Hurricane Katrina who had been removed to FEMA disaster recovery centers in Los Angeles as part of a joint effort with the IRS, AICPA and CalCPA. The IRS was there to help victims claim a casualty loss. Until the need dissipates, CalCPA volunteers will help evacuees assemble records, fill out claim forms and file tax amendments. Across town in Santa Monica, CalCPA members were assisting New Orleans evacuees in a different way. The firm of Gumbiner Savett provided jobs for a month to five CPAs from Ericksen ...
- California CPA
- Vol. 74 Nbr. 6, December 2005
- 19 CFR 158.30 - Review of port director's decision.
...Subpart C: Casualty, Loss, or Theft While in Customs Custody. 158.30 ...
- Code of Federal Regulations - Title 19: Customs Duties
- Conning Research: Despite Soft Market Conditions and Reserve Releases, Property-Casualty Industry 2009 Loss Reserve Position Strengthened Slightly ; - There Is Some Risk That This Improvement Is Not Sustainable
HARTFORD, Conn., June 21 /PRNewswire/ -- Despite $18.6 billion in reserve releases in 2009, the property-casualty industry's reserve position strengthened slightly, according to the annual study of the industry's balance sheet position by Conning Research & Consulting. In our view, the property-casualty industry reserve position has improved slightly in 2009, when compared with our previous analyses," said Stephan Christiansen, director of research at Conning Research & Consulting. "At the same time, based on our analysis of preliminary filing data, the industry released $18.6 billion in reserves in 2009. Excluding reserve releases in the financial and mortgage guaranty lines, $11 billion were released in covered lines in 2009 from years 2008 and prior--2.2 percent of reserves carried ...
- U.S. Newswire
- January 18, 2011