Disaster Recovery Resources
Resources from Jerry Schreiber

Disaster Recovery Resources

Financial Assistance for AICPA Members

Disaster Recovery Agencies and Other Online Resources

Disaster Assistance Forum
We’ve set up an online community for people to connect with each other on flood-related issues. Feel free to reply to an existing discussion or start a discussion of your own.

Weathering Disasters Together . . . Again

Upon the 12th anniversary of Katrina and the 1st anniversary of historic flooding in Baton Rouge, there’s even greater sadness upon us as our thoughts and prayers now are with those in Texas and Louisiana impacted by Harvey, as well as those affected by continued rainfall and flooding in the New Orleans area. We know all too well the resulting devastation caused to homes and businesses. Just as with past disasters, LCPA is committed to keeping you updated on additional resources and disaster assistance as it becomes available.

If you are in need of office space or have office space you could share with a displaced member, please contact LCPA at 800.288.5272.

Please contact us if we can be of help.

Ron Gitz II, CPA, CGMA
 LCPA CEO/Executive Director

Resources from Jerry Schreiber, the Tax Master of Disaster

Send your disaster-related tax questions to DisasterRecovery@lcpa.org. Jerry will post answers to frequently-asked questions on an ongoing basis. Bookmark LCPA's Disaster Resource Center page and check back often.

Recent question:

Are there any tax benefits to someone who is allowing a flood victim to live with them until they are able to find temporary housing or return home?

Disasters and Taxes – Understanding Tax Relief for Disaster Victims Webcast
Provided by the AICPA, this in-depth webcast features Jerry Schreiber, CPA, discussing tax relief for individuals and businesses affected by a disaster.

Hurricane Harvey Texas Resource List

Due Dates for Returns Affected by Hurricane Harvey-Texas

Disaster Recovery Resources

Help for Victims of Hurricane Irma – The IRS is providing help to the victims of Hurricane Irma. Special tax relief and assistance is available to taxpayers in the Presidential Disaster Areas. IRS is monitoring the situation closely to resolve potential tax administration issues as they are identified. For the latest news, check this page frequently.

Help for Victims of Hurricane Harvey – The IRS is providing help to the victims of Hurricane Harvey. Special tax relief and assistance is available to taxpayers in the Presidential Disaster Areas. IRS is monitoring the situation closely to resolve potential tax administration issues as they are identified. For the latest news, check this page frequently.

Code Section 7508A – Authority to postpone certain deadlines by reason of Presidentially declared disaster or terroristic or military actions (Source: Cornell University Law School, Legal Information Institute)

7508A-1 Regulations – Postponement of certain tax-related deadlines by reasons of a federally declared disaster or terroristic or military action. (Source: Cornell University Law School, Legal Information Institute)

Regulation 1.165-1 – Losses (Source: Cornell University Law School, Legal Information Institute)

Regulation 1.165-7 – Casualty losses (Source: Cornell University Law School, Legal Information Institute)

Regulation 1.165-11T – Election in respect of losses attributable to a disaster. (Source: Cornell University Law School, Legal Information Institute)

IRS Publication 584 Casualty, Disaster, and Theft Loss Workbook (Personal-Use Property) Jerry's Loss Calculation Excel Worksheet for Publication 584

LDR Disaster Resources

Insurance Company Claims Filing Telephone Numbers

LCPA Tax Alerts – Be sure to reference our archive of federal and state Tax Alerts.

AICPA Tax Section – The AICPA Tax Section has unlocked important disaster-related content on aicpa.org in an effort to help tax practitioners prepare their clients and communities for the aftermath of Hurricanes Harvey and Irma.

Casualty Loss Practice Guide – The primary purpose of the Casualty Loss Practice Guide is to assist practitioners in dealing with certain tax problems that arise when a client is affected by a natural disaster. The guide discusses rules for casualty losses and deductions for involuntary conversions and provides information on relevant Internal Revenue Service (IRS) publications, as well as other useful material.

Financial Assistance for AICPA Members

The AICPA Benevolent Fund was established in 1933 by members of the American Institute of CPAs for the purpose of assisting AICPA members through temporary periods of financial difficulty. The Fund provides assistance with meeting daily subsistence (living) expenses, financial hardship brought on by natural disasters and medical and prescription expenses that exceed insurance coverage brought about by serious illness, an accident, or the death of the primary source of family income.

If you or someone you know are in need of assistance please direct them to the Benevolent Fund Resource Center on the AICPA.org site or call 866.527.2228.

Watch a short video on the Benevolent Fund by LCPA Member and President, AICPA Benevolent Fund Board of Trustees, Lonnie Stockwell, CPA.