A team of tax experts will discuss critical tax issues affecting individuals impacted by recent fires. The program will cover navigating extended income tax filing deadlines, managing property tax assessments, including reductions and the transfer of assessed value from a destroyed home to a new home, addressing tax obligations without proper documentation, and understanding the taxability of disaster relief payments or insurance proceeds. Additionally, the session will explore income tax deductions for disaster-related losses, the forgiveness of indebtedness, and identifying payments that may count as income. |