Webinar: Disaster Relief Act of 2024
WB869 | Course | Intermediate | Scheduled
Description
Literally thousands of individual taxpayers may have increased deductions or exclusions from gross income as a result of the Disaster Relief Act of 2024. Casualty provisions of the Act are retroactive to December 19, 2019 through early 2025. Both low and high income taxpayers may benefit from the Act through exclusions of payments received as compensation for wildfire damages - retroactive to 2014! This course will review the provisions of this new act.
*Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com
Credits
| Number of Credits | Type of Credits |
|---|---|
| 1.00 | Taxes |
Designed For
CPAs and members in industry seeking an in-depth review of casualty loss reporting
Prerequisites
Basic working knowledge of individual and business taxation
Highlights
- Federal Disaster Relief Act provisions enacted in December, 2024
- Comparison of personal use casualties with business/investment casualties
- When to claim casualty losses
- How to postpone casualty gains
- Business casualty gains and depreciation recapture
Objectives
- Implement practical strategies based on a thorough understanding of the complex rules for casualty losses and casualty gains
- Identify and recall key compliance issues
- Identify and recall significant issues in the casualty loss tax form
Preparation
None
Notes
This webcast is provided by ACPEN. After registering for the course, you will receive an email from ACPEN with instructions for logging in to the webcast and obtaining your eMaterials.
Prices
- Member (Early Bird)
- $29.00
- Non-Member (Early Bird)
- $59.00
- Member
- $29.00
- Non-Member
- $59.00