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OnDemand Course

When Disaster Strikes: Tax Implications and Relief

Alleviate some of the burden for you client when disaster strikes with a solid understanding of the tax benefits.

Natural disasters can devastate businesses and families. The Internal Revenue Code includes a number of provisions to aid those affected by a natural disaster. This live webinar will explain the tax benefits and consequences that arise following a natural disaster. From automatic filing extensions to exclusions from gross income, both individuals and businesses may be eligible for tax relief. This ondemand webinar will provide a roadmap on how to take advantage of these provisions when disaster strikes.

92 minutes
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Tax Administration

  • Extension for Filing Return
  • Abatement of Interest and Penalties

Report Gross Income

  • Disaster Loans
  • Gifts
  • Disaster Relief Payments
  • Insurance Payments for Living Expenses

Report Insurance Proceeds for Loss of Property

  • Recognition of Casualty Gains
  • Nonrecognition of Casualty Gains

Casualty Losses

  • Business vs. Personal Casualty Losses
  • Net Operating Loss Deduction

Deduct for Interest Expense

  • Business vs. Personal Loans
  • Home Mortgage Debt
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on July 15, 2015.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Travis A. Greaves

Travis A. Greaves

Greaves Wu

  • Attorney with Caplin & Drysdale Attorneys
  • Concentrates his practice on federal and state civil and criminal tax controversies, and white collar investigations and defense
  • Represents individuals, partnerships, and corporations through all stages of tax investigations and litigation, including voluntary disclosures, audits and examinations, audit reconsiderations, and negotiated resolutions with the IRS
  • Adjunct professor at Georgetown University Law Center, where he has taught tax controversy courses
  • LL.M. degree, Georgetown University Law Center; J.D. degree, Houston College of Law; B.A. degree, University of Tennesee
No photo available

Severiano E. Ortiz

Holland & Knight LLP

  • Associate in Holland & Knight's Chicago office, is a member of the Tax Controversy and Tax Litigation Team
  • Has extensive experience in various aspects of tax and accounting consultations, and supports clients, both domestic and international, in individual and business tax planning matters, including treaty interpretation, offshore voluntary disclosure compliance, foreign bank account and asset reporting and estate planning
No photo available

Shamik Trivedi

Grant Thornton LLP

  • Manager in Grant Thornton’s Washington National Tax Office
  • Focuses on tax practice and procedure, legislative, and regulatory issues
  • Worked as a legal reporter for Tax Analysts; wrote hundreds of articles on tax administration and policy issues arising from Congress, the Department of Justice, Treasury, the IRS, and the OECD. He also analyzed legal decisions issued by the federal courts
  • Has experience in IRS practice and procedure issues, including seeking relief for missed regulatory elections and mitigating penalties, including assisting taxpayers in becoming current with missed international information filings through the voluntary disclosure
  • Has a deep understanding of the legislative process, and the administrative workings of the IRS, Treasury, and Department of Justice, and has written extensively on offshore tax issues, tax controversy, and tax planning matters
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Add to Wishlist

More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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$699/year

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Product ID: 396009
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