This week I was invited to join Brent Clanton on BizRadio Network KZYZ-AM in Houston, TX
to provide some positive tips about how to use the tax code to help Katrina victims.
Naturally, since I already know everything about the tax issues on casualty and theft losses, I was compelled to do some more research to make sure I would get it right when we were on the air.
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And of course, I came up with a brilliant brainstorm, which you’ll only learn if you read this week’s Ask TaxMama https://taxmama.
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wpengine.com/AskTaxMama/ which will have a detailed outline of the idea which will let victims get the maximum possible tax benefit from their casualty losses.
- Ask TaxMama :: Where taxes are fun and answers are free
- BizRadio Network :: Brent Clanton on the KZYZ-AM in Houston, TX
- Form 4684 :: Casualty and Theft Losses
- Form 1040X :: Amended Personal Tax Return
File Download (4:04 min / 0.9 MB)
