Archive | Casualty Loss

Tax Planning for Hurricane Relief: The IRS, Harvey, Irma, & Maria

October 12, 2017  |   Posted by :   |   Casualty Loss   |   0 Comments

The Wolfe Law Group is pleased to announce the publication of Attorney Gary Wolfe’s 20th book, Tax Planning for Hurricane Relief: The IRS, Harvey, Irma, & Maria. The downloadable e-book is currently available on Amazon. In 2017, millions of Americans in Texas, Florida and adjacent states as well as U.S. citizens in Puerto Rico have […]

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Hurricane Tax Relief and IRS Collection Activity

September 18, 2017  |   Posted by :   |   Casualty Loss   |   0 Comments

Under the IRS Internal Revenue Manual (Section 5.1.12.2) disaster areas are entitled to special IRS tax collection relief. These types of cases are considered to require special handling with extreme sensitivity for taxpayer’s circumstances. The key issues are IRS collection activity, penalty and interest due. In a federally declared disaster area, as in the case […]

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Florida and Texas: Hurricane Irma and Hurricane Harvey Tax Relief

September 11, 2017  |   Posted by :   |   Casualty Loss   |   0 Comments

For our American Brothers and Sisters in Texas and Florida, tax relief can help you. The IRS may be of great help for you. See IRS Publication #2194: Disaster Resource Guide for Individuals and Businesses. The extant problem in Texas is as follows: 80% of Texans affected by Hurricane Harvey apparently have no flood insurance […]

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Tax Planning for Texas and Other States: Post-Hurricane Harvey

September 06, 2017  |   Posted by :   |   Casualty Loss   |   0 Comments

As a Californian, I normally do not consider tax planning for Texas. Due to the horrors of Hurricane Harvey, I have decided to “stretch” and offer Tax Planning Advice for our American Brothers and Sisters devastated by the widespread destruction caused by Hurricane Harvey including: homes, cars, jewelry, personal property, heirlooms, art and clothing whether […]

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