Tax related identity theft

During tax filing season, there is a large increase in identity theft cases.  If your social security number and other personal information are compromised (through mailbox theft, internet hacking, phone calls or many other creative ways thieves use), someone could file a false return under your name, claim a refund and disappear.   Then when you Read More …

Casualty Loss Deduction

A casualty is defined by the IRS as the damage, destruction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual.  For example, damage to your house caused by a tree blown over in a storm is a casualty to your house and the tree but damage to your house caused over time Read More …