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Is there any additional relief or waiving the carryback
Is there any additional AMT relief or waiving the carryback relief for taking a Hurricane Harvey casualty loss in 2016? Client appears to lose NOL because of AMT when casualty losses are taken back to… read more
Dr. Fiona Chen
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IRS Tax Question: Taxpayer took out $30K from 401K and it's code 1. They said they made it on repairs on their house due to Hurricane Harvey and they believe that they should have an exemption to the … read more
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IRS Tax Question: Do you need to itemize your deductions to
IRS Tax Question: Do you need to itemize your deductions to have a casualty loss carryover for Hurricane Harvey? Is it not possible to do that with the standard deduction? Please provide references.… read more
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IRS Tax Question: Is there an exemption for the early withdrawal of a 401(k) due to damage from Hurricane Harvey? Please provide IRS references.… read more
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11 April 2018 12:51 The 2nd question is I live in the
11 April 2018 12:51The 2nd question is I live in the affected area of Hurricane Harvey (Houston) on Sept 20th and took out money $88,000 from my 401K while also being unemployed. I did sustain some mi… read more
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Can you file an amended 1120S for a casualty loss from a
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I understand the new tax law just passed waives the penalty
I understand the new tax law just passed waives the penalty for withdrawal of retirement and that a reduction of the casualty loss by 10% of income is no longer taken. I have also been told that the c… read more
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I was affected by Hurricane Harvey and need to know how to
I was affected by Hurricane Harvey and need to know how to handle, IRS-wise. … read more
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My employer had stated after Hurricane Harvey that if we
my employer had stated after Hurricane Harvey that if we lived in a disaster declaration area, we are able to take a hardship withdrawal without providing any documentation. I live in Bexar county; Sa… read more
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I have a client who is a LP in a business located in
I have a client who is a LP in a business located in Houston. They live in California. Apparently there is an extended tax extension deadline for people and businesses located in Houston because of th… read more
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I have a question regarding storm cleanup costs; i.e., are
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Will IRS rules for federal disaster areas in 2011 be the same
Will IRS rules for federal disaster areas in 2011 be the same as in 2010 so that the 10% of AGI will not be in effect and a 2010 year return can be amended for those with losses. Also if losses were n… read more
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What is the procedure for handling insurance reimbursements ...
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I am trying to find a list of what I am allowed to deduct ...
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