All of us here at Peterson CPA Firm hope that you were able to stay safe in during the storm. Our hearts go out to any and all that were affected by Hurricane Harvey and we want to provide some online resources for you below. As always if you have any questions or would like some clarification on how it affects your personal situation feel free to give us a call.
For information on what constitutes a Casualty Loss See here for the Legal or here for a summery
Loans from the SBA to cover uninsured or under-insured damages
Federal Tax Deadlines Changed - If you have a business or residence in an affected area your tax deadlines have been changed to January 31, 2018.
State Tax Deadlines changed - A 90 day extension can be requested for certain monthly and quarterly taxes due.
Red Cross/AICPA Disaster Recovery Guide
Disaster Relief Payments to Workers – Employers can help employees with expenses without reporting it as income but still deducting it as an expense. More information here and here.