United States

Disaster Recovery Webcast Series – Potential Tax Impacts of Hurricanes Harvey and Irma Recovery: Fixed Assets – Federal and State Tax Planning for Casualty Losses and Involuntary Conversions

Wednesday October 04, 2017 2:00 PM - 3:00 PM EDT
From KPMG TaxWatch

KPMG TaxWatch

We hope you can join us for the third installment in a series of Webcasts focused on disaster recovery tax issues.

The recent devastation resulting from Hurricanes Irma and Harvey underscores the importance of understanding how and when companies experiencing casualty losses can claim federal and state income tax deductions for those losses. We will also discuss how these companies can defer any gains realized from the recovery of insurance proceeds or other compensation for damaged or destroyed property.

Join us on this Webcast where KPMG professionals will discuss:

  • Overview of federal disaster areas for Hurricane’s Harvey and Irma
  • Federal and state casualty losses – section 165(a)
  • Involuntary conversions (“casualty gains”) – section 1033
  • Q&A

James L. Atkinson

Principal, Income Tax & Accounting, Washington National Tax, KPMG LLP

Paul Mundwiller

Partner, Tax, Business Tax Services, KPMG (U.S.)

Holly Belanger

Partner, Passthroughs Group, Washington National Tax, KPMG LLP

Dan De Jong

Senior Manager―State and Local Tax, Washington National Tax, KPMG LLP