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.
