Disaster Recovery Resources
- IRS Announces Tax Relief for Texas Victims of Tropical Storm Imelda
- Trump Approves Major Disaster Declaration for Texas
- Extensions Available for State Taxes (9-2019)
- The AICPA’s Casualty Loss and Disaster Relief (http://bit.ly/2f2txZ3), including a Casualty Loss Practice Guide for members of the Tax Section
- The American Red Cross’s Disaster Recovery Guide (http://rdcrss.org/2fDjnjs), which includes information on recovering financially
- Ready.gov’s Business Continuity Plan (http://bit.ly/2emhAtk), which includes a business continuity impact analysis
- Ready.gov’s Recovering from Disaster (http://bit.ly/2fpLa1Y) for individuals.
- Disaster grants
- U.S. Small Business Administration | SBA Houston District office
- Picking Up the Pieces After a Disaster
- Safe Harbor Methods for Determining Natural Disaster Casualty Losses (2-22-18)
With the natural disasters that occurred in 2017, many CPAs are helping their clients with casualty loss deductions. Some of these clients may expect the CPA to assist in determining the amount of the loss. However, this is not a service that CPAs are licensed to perform.
- Guidance Revenue Procedure 2018-08 and 2018-09) (12-13-17)
- Charitable Contribution FAQ for Hurricane Aid (3-1-18)
Disaster Recovery - Tax Resources
- IRS: Disaster Relief Resource Center for Tax Professionals
- IRS: Publication 584 Casualty, Disaster, and Theft Loss Workbook (Personal-Use Property)
- Casualty Loss Practice Guide
- Tax and Financial Aspects of Disasters
- Texas Comptroller information
- Code Section 7508A – Authority to postpone certain deadlines by reason of Presidentially declared disaster or terroristic or military actions (Source: Cornell
University Law School, Legal Information Institute)
- 7508A-1 Regulations – Postponement of certain tax-related deadlines by reasons of a federally declared disaster or terroristic or military action. (Source:
Cornell University Law School, Legal Information Institute)
- Regulation 1.165-1 – Losses (Source: Cornell University Law School, Legal Information Institute)
- Regulation 1.165-7 – Casualty losses (Source: Cornell University Law School, Legal Information Institute)
- Regulation 1.165-11T – Election in respect of losses attributable to a disaster. (Source: Cornell University Law School, Legal Information Institute
- Get Help - American Red Cross (800) HELP-NOW | Find open shelters
- 2-1-1 Texas is a free help line answered 24 hours a day, seven days a week. 2-1-1 Texas is connected to nearly every service in the state, including government agencies,
food pantries, career services, after-school programs, counseling services and many other state and local resources. During any statewide disaster response, a special Option # 4 is activated to point callers directly to disaster-related information.
When Option # 4 is activated for disaster response, that is the first option that the caller hears.