Visit cpajournal.com to read the very latest from The CPA Journal
February 2011 » 2010 Storm Losses May Provide an...
Full articles of The CPA Journal are available to NYSSCPA members and CPAJ subscribers ONLY. Please login to access this content.
Nonmembers and nonsubscribers, you can apply for NYSSCPA Membership here and get unlimited access to The CPA Journal, or you can create a non-member online account here and purchase individual articles.
Jeffrey S. Gold, CPA
In 2010, severe storms, flooding, and winter weather wreaked havoc—including water damage to buildings, downed trees, and beach erosion—throughout the New York, New Jersey, and Connecticut tristate area. A temporary relaxation of IRS limits for deducting casualty losses (defined in the Treasury Regulations as caused by an event that is “sudden, unexpected, or unusual”), coupled with a provision that allows certain losses to be deducted in the year before they occur, may allow some property owners who have experienced such damage to receive tax benefits for which they would not otherwise be eligible.
Advertising with the NYSSCPA is your opportunity to reach the greatest number of business advisors in the most important business state in the nation.
Post a resume or job listing in our Career Center to connect with hundreds of employers or job seekers.
Join 21,000+ of your peers. Apply for membership today!
Find CPE Conferences, Seminars, and Online Courses Here.
Get insight and analysis into all areas of the profession.
Content provided by and exclusively for NYSSCPA members.
Stay up to date with important NYSSCPA news.
A daily roundup of the latest from around the accounting and financial industry.
A strong PAC means a strong profession. Donate Today.
Help develop a strong network of connections.
A resource for NYSSCPA Members.
Members, Get expert answers to technical questions.
Start your career off right with an experienced mentor.
It's never too early to start thinking about your career.