Black Friday Offer till Nov 30th ! Unlimited Continuing Education only @$199 ! CLICK HERE to view.

Casualties, Disasters & Settlements

  • AFSP
  • CPA (US)
  • EA
  • Tax Preparer
  • CPA/PFS
  • CTEC
Disasters & Settlements CE Tax course

2 Credits

$20

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

2 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00767-21-O)

2 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0710)

2 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

2 CPD credit (Verifiable) for CPA/PFS

2 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00767-21-O)

2 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00767-21-O)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

Passive Activity Loss Limitations: Working with the Complex PAL Rules & Real Estate Tax Issues

(13)

Nov 29, 2021 | 09:00 AM EST View Details

SOX Internal Controls for Accounts Payable

(8)

Nov 29, 2021 | 09:30 AM EST View Details

Accounting & Tax Implications of Credit Losses

(2)

Nov 29, 2021 | 09:30 AM EST View Details

Investigating and Resolving Sexual Harassment Claims

(147)

Nov 29, 2021 | 09:30 AM EST View Details

Quickbooks for Desktop PC Exploring the Interface - For Beginners

(17)

Nov 29, 2021 | 10:00 AM EST View Details

Excel Accountant: Intro to Spreadsheets In-Depth

(6)

Nov 29, 2021 | 10:00 AM EST View Details

Yellow Book Boot Camp – Introduction to NFP and Governmental Accounting & Auditing

(11)

Nov 29, 2021 | 10:00 AM EST View Details

Best Overview on Individual Tax Updates Latest (Basic)

(137)

Nov 29, 2021 | 10:00 AM EST View Details

Report Writing Techniques for Audit Professionals

Nov 29, 2021 | 10:00 AM EST View Details

Auditing & Attest Update - Hot Topics For Current Period Audits And Other Attest Services

(1)

Nov 29, 2021 | 10:00 AM EST View Details

Adding Value through Plan Governance: Essential Documents

(121)

Nov 29, 2021 | 10:30 AM EST View Details

Basis Calculations & Distributions For Pass-thru Entity Owners Schedule K-1 Analysis (Latest)

(126)

Nov 29, 2021 | 11:00 AM EST View Details

Everything You Need to Know About Partnerships

(15)

Nov 29, 2021 | 11:00 AM EST View Details

Employment Branding and YOU!

Nov 29, 2021 | 11:00 AM EST View Details

Effectively Handling CP 2100 letter and B Notices

Nov 29, 2021 | 11:00 AM EST View Details

Course Description

News-making disasters affect your clients’ tax returns.

Relief is available to taxpayers who’ve suffered these losses, but achieving that relief requires understanding and applying the applicable rules.

There are also significant developments with the IRS in the area of casualty losses and getting those losses properly reflected on Form 4684.

Taxpayers who have suffered losses in declared disaster areas may have opportunities to generate immediate cash savings as well as reduce current tax liabilities.

This requires fully understanding the definitions of and rules surrounding casualty losses and properly applying them. These rules are complex and documentation is difficult, especially when many clients have lost all their records.

This CPE course will cover deducting casualty losses inside and outside of federally declared disaster areas and will also review tax relief for taxpayers affected by the recent disasters.  

Although the TCJA eliminated personal casualty losses for the years 2018 - 2025, business casualty losses remain deductible and personal losses within federally declared disaster areas remain deductible.

This CPE webinar will review the deductible portion of losses, insurance proceeds, settlements, and other relief received that affect the deductible of the losses. It will also include tips on filing Form 4684 and properly reflecting the losses on both personal and business returns.

Learning Objectives

  • To define casualty losses.
  • To discuss how to time the loss deduction.
  • To analyze the calculation of loss and deduction.
  • To discuss section 1033 involuntary conversions.
  • To review the taxability of insurance proceeds, settlements, and other relief payments.
  • To analyze how to prepare Form 4684.

Who Should Attend?

  • Annual Filing Season Program
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Testimonial

5

(1)
100%
0%
0%
0%
0%