Washington, DC (October 6, 2016)—As Hurricane Matthew heads toward the U.S., more than 2 million people are being advised to leave their homes in coastal Florida, Georgia and South Carolina. These are the largest mandatory evacuations in the United States since Hurricane Sandy hit the East Coast in 2012. Matthew, a Category 4 hurricane, could make landfall in Florida as early as Friday.
If you live in an area that is hit by disaster, keep in mind that there are special tax provisions designed to help in recovery. The National Association of Enrolled Agents (NAEA) has tax advice that will help if you have to deal with disaster loss:
To make sure you take advantage of every tax provision to help you through a disaster, it would be wise to consult a licensed tax professional. Enrolled agents (EAs) are licensed by the U.S. Department of Treasury and overseen by the IRS. EAs provide tax preparation, tax advice, and tax planning services in addition to helping taxpayers resolve problems with the IRS. To find an enrolled agent in your area, go to http://taxexperts.naea.org/.
National Association of Enrolled Agents (NAEA)
The National Association of Enrolled Agents (NAEA) is a professional society that supports its members with resources, education and networking and by representing their interests to government, business and the general public. Members are dedicated to honest, intelligent and ethical representation of taxpayers before the IRS. NAEA powers America’s Tax Experts®.