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Tag Archive for Special Tax Breaks

Disastrous Tax Issues: A Review & Last Minute Details

Eva Rosenberg, Tax Advisor

Generally, whenever a major disaster strikes in the United States, the president issues a declaration – which triggers some special tax breaks and extensions for those in the disaster area.

In this case, President Trump has issued declarations for 9 disasters,  since taking office. We know there will be one for Hurricane Irma. But, so far, he has not issued the usual declaration for the Los Angeles – La Tuna fires. (But that’s a whole other discussion.)

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