NCACPA is here to help.
In the throes of the 2017 hurricane season, it’s important to be prepared and aware of the resources available to help victims.
We will continue to update this page as additional resources and assistance become available.
2017 Disaster Tax Relief
The AICPA Tax Teams have compiled comprehensive information about disaster relief and the effects on tax filing and tax planning to help practitioners:
- 2017 Hurricane Tax Filing Relief state-by-state spreadsheet
- IRS information on tax relief for Hurricane Irma victims
- Preliminary Thoughts on the Tax Implications of Hurricane Irma (link the attached PDF)
- AICPA TV webcast and PowerPoint presentation on Disasters and Taxes – Understanding Disaster Relief for Disaster Victims, from July 24, 2017
- Casualty Loss and Disaster Relief webpage
- Casualty Loss Practice Guide
- Disaster Tax Relief policy positions and advocacy efforts on the AICPA website, including 2015 brochure, Tax Relief for Natural Disaster Victims
Help after Harvey: How the CPA Community Can Assist
As those affected by Hurricane Harvey begin the arduous process of recovery, there are things the CPA community can do to help clients, small businesses, and fellow CPAs living and working in affected areas get back on their feet.
- The AICPA Benevolent Fund provides assistance to AICPA members undergoing financial hardships. If you’d like to support other CPAs in need, you can make a charitable donation to the fund.
- The Disaster and Financial Planning: A Guide for Preparedness and Recovery from the AICPA, American Red Cross and National Endowment for Financial Education (NEFE) offers steps you can take to help your clients reduce financial impact.
- The IRS has already extended filing and payment deadlines for those in disaster areas. This article outlines what you and your clients need to know.
- Additionally, the Texas Society of CPAs (TSCPA) and Society of Louisiana Certified Public Accountants (LCPA) have compiled a list of resources and ways to help.
Post to share your needs, stories, or anything storm-related!
Use this resource to create a volunteer event or sign up for an event that supports hurricane relief in your area.
Apply for Assistance
Do you or anyone you know need assistance? Click here to apply for AICPA’s Benevolent Fund.
AICPA’s 360 Degrees of Financial Literacy
Whether your small business survives a natural disaster may depend as much (if not more) on the plans you put in place now, before a disaster occurs, as to what you do after a disaster strikes. Here are some disaster preparedness ideas for you to consider for your small business.
NC Attorney General: Information for Consumers
Home repair fraud, price gouging, and phony FEMA officials and power crews are a few scams likely to follow natural disasters.
Click here for tips and simple steps from the office of Attorney General Josh Stein on how North Carolina consumers can be prepared
Disasters and Financial Planning: A Guide for Preparedness and Recovery
(Resource provided by the American Red Cross, the AICPA, and the National Endowment for Financial Education)
Disasters often strike quickly and without warning. Whether it is a weather emergency, natural disaster or personal crisis due to illness, unemployment or disability, most families will experience some form of disaster that leaves them with little or no time to think before making important decisions.