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4 days ago · Individuals may deduct personal property losses that are not covered by insurance or other reimbursements. For details, see Form 4684, Casualties and Thefts PDF and its instructions PDF. Affected taxpayers claiming the disaster loss on their return should put FEMA disaster declaration number, 4815-DR on any return. Other relief
1 day ago · Fill out Form 4684: Casualties and Thefts: This form is used to report theft losses. It’s available on the IRS website or can be found in the instructions for your tax return. Attach supporting documentation: Include the police report and any other documentation that proves the theft, such as receipts, warranties, and appraisals.
2 days ago · The IRS today released Notice 2024-68 —an annual notice providing the 2024-2025 special per diem rates for taxpayers to use in substantiating the amount of ordinary and necessary business expenses incurred while traveling away from home. The special transportation industry meal and incidental expenses rates—$80 for any locality of travel in ...
5 days ago · It is important that you gather proof of any state or local real estate taxes paid, including receipts or tax bills. Additionally, if you are reporting losses due to a federally declared disaster, relevant documentation such as Form 4684 is necessary to substantiate your claims and ensure compliance with IRS requirements.
3 days ago · September 19, 2024 · 5 minute read. The IRS issued a September 17, 2024, draft version of the Form 944, Employer’s Annual Federal Tax Return instructions used by small employers with limited annual employment tax liability. The updated instructions contain substantive changes related to COVID-era credits, the elimination of certain forms and ...
5 days ago · These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments. Following the disaster declaration issued by the Federal Emergency ...
4 days ago · IRS Forms, Instructions & Publications. Refund Status. Foreign Account Tax Compliance Act
