Call Us 239.542.7101 ☰ ˟
239.542.7101
Logo
  • Home
  • What We Offer
    • Business Insurance
    • Workers Compensation
    • Liability Insurance
    • Bonds
    • Commercial Auto Insurance
    • Employee Benefits
    • Business Life & Disability
    • Life Insurance
    • Personal Insurance
    • Specialty Programs
    • HR Support
  • Client Services
    • Client Services
    • Make a Payment
  • News & Information
    • Newsletters & Alerts
    • Disaster Relief Links
    • Safety Resources
    • Helpful Links
  • Blog
  • About Us
    • About Premier Insurance
    • Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Home > Blog > IRS Offers Tips on Preparing for Natural Disasters
TUESDAY, JUNE 13, 2017

IRS Offers Tips on Preparing for Natural Disasters

IRS Offers Tips on Preparing for Natural Disasters

Image result for IRS Hurricane

With hurricane season approaching, the IRS is offering advice to those impacted by storms and other natural disasters. The following tips may help businesses prepare for such events:

  • Use electronic records. Businesses may have access to bank and other financial statements online. If so, their statements are already securely stored there. Businesses can also keep an additional set of records electronically by scanning tax records and insurance policies onto an electronic format. Businesses may also want to download important records to an external hard drive or USB flash drive.
  • Document valuables. Take time- and date-stamped photos or videos of the contents of your business. These visual records can help prove the value of lost items, which can help with insurance claims or casualty loss deductions on a tax return. Businesses should store these records in a safe place.
  • Contact the IRS for help. Businesses that fall victim to a disaster may call the IRS disaster hotline at 866-562-5227 for special help with disaster-related tax issues.
  • Get copies of prior year tax records. If a business needs a copy of its tax return, it should file IRS Form 4506, Request for Copy of Tax Return. While the usual fee per copy is $50, the IRS is expected to waive this fee if a business is a victim of a federally declared disaster. For information that shows most line items from a tax return, call 1-800-908-9946 to request a free transcript. Alternatively, businesses may file IRS Form 4506T-EZ, Short Form Request for Individual Tax Return Transcript, or IRS Form 4506-T, Request for Transcript of Tax Return.

The IRS offers many resources to help employers plan for and recover from disasters, including IRS Publication 584-B, Business Casualty, Disaster, and Theft Loss Workbook, and web pages devoted to preparing for a disaster and tax relief in disaster situations.

Posted 8:00 AM

Tags: small business tuesday, fort myers business insurance, cape coral business insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013

  • employee benefits(106)
  • business insurance(98)
  • fort myers insurance(80)
  • insurance(72)
  • fort myers business insurance(55)
  • cape coral insurance(45)
  • cape coral(42)
  • fort myers(42)
  • workers comp(41)
  • wellness(38)
  • business(32)
  • health insurance(32)
  • covid-19(28)
  • motivational monday(22)
  • workers compensation(21)
  • wellness wednesday(21)
  • coronavirus(19)
  • health(19)
  • group health(16)
  • fort myers employee benefits(16)
  • commercial insurance(15)
  • hr(13)
  • cape coral business insurance(11)
  • group insurance(10)
  • group benefits(9)
  • liability(9)
  • cape coral employee benefits(8)
  • life insurance(8)
  • fort myers workers compensation insurance(8)
  • funny friday(8)
  • workers compensation insurance(8)
  • corona virus(7)
  • cyber security(7)
  • general liability(7)
  • osha(7)
  • group health insurance(6)
  • health insurance fort myers(6)
  • auto insurance(6)
  • epli(6)
  • benefits(6)
  • employee benefits design(6)
  • hurricane(5)
  • cyber liability(5)
  • business insurnace(4)
  • hurricane season(4)
  • lee county business insurance(4)
  • compliance(4)
  • florida(4)
  • hurricane preparedness(4)
  • aca(3)

View Mobile Version
Logo
Quick Links
Home Business Insurance Personal Lines Make A Payment Report a Claim About Premier
Refer A Friend Our Carriers Blog Disaster & Safety Resources Helpful Links Contact Us
Location
1326 Cape Coral Parkway E
Suite 1
Cape Coral, FL 33904

P: 239.542.7101
F: 239.542.0693
Social Social Social Social
© Copyright. All rights reserved.
Powered by Insurance Website Builder