Podcast: Rising from the Rubble: Navigating Tax Implications for Homeowners Affected by Disasters

In response to recent Los Angeles-area wildfires-including the Palisades and Eaton fires-The Growth Minded Accountant presents a specialized episode delving into the complex tax challenges homeowners face in the aftermath of natural disasters. Geared toward both those directly affected and tax professionals, this discussion emphasizes the vital role qualified advisors play in guiding clients through casualty loss deductions, insurance reimbursements, and strategic steps for managing post-disaster tax obligations. Hosted by Lee Reams II, Founder and CEO, in collaboration with Lee Reams Sr., EA, Chief Technical Editor, the episode offers practical insights and strategies to help individuals and families navigate the path to financial recovery. We will show you how the tax code can help minimize your financial losses, including dealing with a disaster loss, NOL carryforwards and carrybacks, basis, and much more.
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