Tax Planning with Casualties
Unfortunately, many taxpayers suffer a casualty and theft loss which may or may not be deductible. We will address when a casualty or theft loss is a deductible event or when there is a casualty or theft gain. We will go over Form 4684 – Casualties and Thefts
Objectives:
1. Determine whether a casualty or theft loss is allowed.
2. Learn how to calculate a casualty or theft loss.
3. Prepare Form 4684
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*Self-Study recording not available for NASBA CPE credit.
Larry Pon
,
CPA/PFS, CFP, EA, USTCP, AEP
Larry has been a tax professional since 1986 with a tax planning, preparation, and representation practice in Redwood Shores, CA. Larry enjoys speaking about tax to tax and financial planning professionals. Larry received his BS in Business Administration with emphases in Accounting and Finance from UC Berkeley and MS in Taxation from Golden Gate University.
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