The IRS defines three types of casualty losses: federal casualty losses, disaster losses, and qualified disaster losses. All three of are federally declared disasters, but the requirements for each loss vary.IRS Form 4864, Casualties and Thefts, has more details which are updated with each release...
7. Casualty loss scams Victims of natural disasters can be prime targets for scammers looking to get their hands on sensitive information such as a Social Security number or other financial records. Scammers may call, email or reach out via social media, posing as fake charities or even claim...
keep in mind that S-Corporations and Partnerships (which include most multi-member LLCs) are actually due one month earlier — March 17th this year (since the 15th lands on a Saturday). The reason for this is that Form K-1 is generated as a part of these returns...
2)Prepare and file Form 843, Claim for Refund and Request for Abatement 3)Request penalty relief over the phone with the IRS There are three different methods to request IRS Penalty Relief: by mail, with Form 843, or by phone. Each method requires 5 steps in order to find if your reque...
Discover how to settle with the IRS using five straightforward options, from payment plans to offers in compromise. Learn how to manage your tax debt with confidence and find the best solution for your financial situation in our easy-to-follow guide.
Like any other form of corporate governance, the bank-dominated variant is not immune against loss of corporate control. In the case of Holzmann, successful relationship intermediation over a long time has presumably prepared the ground for the bank management to remove Holzmann from its main ...