The AICPA recommends modifying Draft Publication 547, Casualties, Disasters, and Thefts, to clarify the qualified disaster loss requirements under the Federal Disaster Tax Relief Act of 2023 (FDTRA). Specifically, any mention of the FDTRA should provide all qualified disaster loss requirements to avoid confusion regarding the deadlines for federally declared disasters and incident periods.
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AICPA Update to Draft Publication 547, Casualties, Disasters, and Thefts Comment Letter
Feb 18, 2025 · 199.7 KB Download
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Download the AICPA Update to Draft Publication 547, Casualties, Disasters, and Thefts Comment Letter
File name: AICPA Comment Letter on IRS Publication 547 Casualties Disasters and Thefts.pdf
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