Casualties, Disasters & Settlements

  • Registration Closed

This course will cover deducting casualty losses inside and outside of federally declare disaster areas.  We 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.  We will review the deductible portion of losses.  Insurance proceeds, settlements, and other relief received affect the deductible of the losses. 

Learning Objectives:
After completing this course, an attendee will be able to:

  • Defining casualty losses
  • Timing the loss deduction
  • Calculating the loss and deduction
  • Section 1033 involuntary conversions
  • Taxability of insurance proceeds, settlements, and other relief payments
  • Preparing Form 4684

CPE Credit: 2 hours Federal Tax Law

Speaker: Lawrence Pon, CPA, PFS, CFP, EA, USTCP, AEP

NSA Webinar Program Level: Basic Prerequisites: None   Advance Preparation: None   Delivery Method: Group-Internet Based

No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.


NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.

Lawrence Pon, CPA, CFP, EA, PFS, USTCP, AEP

Lawrence Pon is a Certified Public Accountant (CPA, Certified Financial Planner (CFP), Enrolled Agent (EA), Personal Financial Specialist (PFS), US Tax Court Practitioner (USTCP) and Accredited Estate Planner (AEP) in Redwood Shores, CA.

Mr. Pon has been in practice since 1986 and speaks regularly to tax professionals on the latest tax planning and preparation topics.

Mr. Pon received his BS in Business Administration from UC Berkeley and an MS in Taxation from Golden Gate University in San Francisco, CA.

Components visible upon registration.

NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.

The National Society of Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

NSA has been approved by the California Tax Education Council to offer the above courses to go towards the annual "continuing education" requirement imposed by the state of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone at (877) 850-2832, or on the Internet at