Disaster Loss Provisions for Homeowners Webinar - 1 Hour CPE

Learning Objectives: By taking this course, students will gain comprehensive knowledge on a variety of topics related to disaster loss taxation and recovery. These include understanding Qualified Disaster Losses, Claiming a Qualified Disaster Loss, Election to Claim Loss on Prior Year Amended Return, Net Operating Loss Deduction, Insurance Coverage and Reimbursement, Taxation of FEMA Assistance Payments, When Disaster Losses Might Result in a Gain, Involuntary Conversions, Debris Removal and Demolition Expenses, Filing Extensions, Using Retirement Funds for Recovery, Proving Losses, Safe Harbor Loss Determinations, Personal Belongings Losses, and Home Destroyed Computations.CPE Hours: Federal Tax Law = 1 CPE Credit / Total = 1 CPE CreditAccreditation: CTEC, IRS, Enrolled Agents, NASBA-QAS CPAsField of Study: Federal Tax Law Publication Date: 1/20/2025Instructional Delivery Method: Group Internet-BasedLevel: IntermediatePrerequisites: None  Advanced Preparation: No Advanced Preparation