New
Casualty Losses: Disaster Relief Act of 2024
Thursday, June 26, 2025
8:30-9:30 a.m. Central
1 CPE (1 technical)
Course code: 25WX-1380
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Literally thousands of individual taxpayers may have increased deductions or exclusions from gross income as a result of the Disaster Relief Act of 2024! Casualty provisions of the Act are retroactive to December 19, 2019 through early 2025. Both low and high income taxpayers may benefit from the Act through exclusions of payments received as compensation for wildfire damages - retroactive to 2014! This course will review the provisions of this new act.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Major subjects
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Federal Disaster Relief Act provisions enacted in December, 2024
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Comparison of personal use casualties with business/investment casualties
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When to claim casualty losses
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How to postpone casualty gains
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Business casualty gains and depreciation recapture
Learning objectives
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Implement practical strategies based on a thorough understanding of the complex rules for casualty losses and casualty gains
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Identify and recall key compliance issues
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Identify and recall significant issues in the casualty loss tax form
Who should take this program?
- CPAs and members in industry seeking an in-depth review of the Disaster Relief Act of 2024 and with clients experiencing casualty losses
Pricing
|
Standard Member Fee |
$55.00
|
 Standard Nonmember Fee |
$55.00
|
Our records indicate
you are a
nonmember.
If you register, you will be charged
$55.00
(Standard Nonmember Fee).
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Instructor
Steven Dilley, PhD, CPA, JD
Location
Online
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (1.0)
Level
Intermediate
Format
Group Internet Based
Sponsor
NASBA ID#: 108744
Prerequisites
Prereq.
Basic working knowledge of individual and business taxation
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business
days before the event start date.
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