As a NJ CPA firm and and NY CPA firm, we are dedicated with providing you the latest tax tips this season. Our tax tip for today is:
If you were a victim of Hurricane Sandy or some other natural disaster severe enough to be classified as a “presidentially declared disaster,” you may qualify for a special tax break. You can claim your loss on either your 2012 tax return or on an amended 2011 tax return. Filing an amended return for 2011 could give you an earlier refund to help in your recovery.
For assistance with this or other tax or accounting matters please contact us at 201-947-8081 or 646-688-2807, or email us at email@example.com.