Disaster Feed

Two tornadoes struck the small East Texas town of Alto on Saturday, April 13. The National Weather Service confirmed on Sunday that the first was an EF-2 tornado and the second was an EF-3. Click image to see video from Disaster Compilations on YouTube. There are some things more important than taxes on April 15, 2019. Too many folks in the southern half of the United States are dealing with the loss of family and friends after a deadly weather system moved across that region over the weekend. At least eight people were killed by the storms, which in addition... Read more →


Lee County, Alabama, March 3 tornado damage. (Photo: Nicholas Baretto via Twitter) As expected, once the White House declared parts of Alabama a major disaster area, the Internal Revenue Service followed up by offering affected residents a variety of tax relief. Victims of the deadly tornadoes and severe storms that raked areas of the Yellowhammer State now have until July 31 to file some individual and business tax returns and make certain tax payments. "With the regular deadline just a few weeks away, we want storm victims to focus on their families and recovering, rather than worrying about the tax... Read more →


Some of the destruction from a tornado, preliminary estimated to be an EF-4 with winds reaching 170 mph, that touched down on March 3, 2019, in Lee County, Alabama. (Photo courtesy National Weather Service, Birmingham via Twitter) Mother Nature showed her extremely mean side this weekend, with tornadoes in Alabama, Georgia, South Carolina and the Florida panhandle leaving a path of death and destruction. I know that folks just now getting a good look at the havoc are not in a mood to think about taxes. That's especially true of those in who lost loved ones when a twister roared... Read more →


The King by Kevin Pluck via Flickr We thought we wanted you March, but your "in like lion" approach this year is way too fierce. Severe weather roared through the south today, with a rash of tornadoes claiming lives and destroying property. Meanwhile, a serious winter storm is heading to the northeast, making March's appearance more like a snow leopard than a lion. The only good thing about this early spate of destructive weather is that it reminds us all to be ready for natural disasters. They happen year-round. And under the new tax law, you can claim any damages... Read more →


It's Dec. 1. That means we have to wait just 24 days until we can unwrap our presents, or 23 if you rip 'em open on Christmas Eve. It's also the first day in six months that we haven't been counting down the annual Atlantic/Gulf of Mexico hurricane season. The National Oceanic and Atmospheric Administration (NOAA) compiled the above video that compresses Geostationary Operational Environmental Satellite (GOES) East satellite imagery of the entire six-plus-month season (yes, it started early again this year) into one minute. NOAA's YouTube presentation also gets this week's special video Saturday Shout Out. A secondary shout... Read more →


North Carolina flooding in the wake of extensive hurricane rains. Photo courtesy Federal Emergency Management Agency A bill that would extend some expired tax laws, enact a handful of new ones and correct some errors in last year's tax reform bill is now before the House of Representatives. The extensive and expensive — the Congressional Budget Office estimates it will add another $55 billion to the federal deficit over the next 10 years — measure has a decent chance of clearing the House, where all it needs is the votes of the Republicans who control that chamber. Its chances in... Read more →


Computer hacking ID theft image by Don Hankins via Flickr The billions of holiday shoppers who head for their electronic devices instead of malls are well aware of the precautions they need to take as they pick perfect gifts from websites. This year, everyone also needs to be on alert for tax crooks who've joined this annual online crime wave. Specifically, the Internal Revenue Service and its Security Summit partners warn that they've recently seen a surge of fraudulent emails where the sender impersonates the IRS and uses tax transcripts as bait to entice users to open documents containing malware.... Read more →


Image courtesy Natural Disasters by Nina Bort via SlideShare Thanksgiving week 2019 is a difficult time for many on both sides of the United States. Hurricanes this summer devastated lives and property in parts of the South and Eastern Seaboard. This fall Californians are dealing with deadly wildfires. Those of us who can help our less fortunate neighbors have many options, from the usual national charities that hit the ground in disaster areas to regionally specific nonprofits. The Internal Revenue Service is helping in its way, too. Hurricane Florence help in more of Virginia: This month, the IRS extended its... Read more →


Updated Tuesday, Nov. 13, 2018 Smoke from the Camp, Hill and Woolsey fires now burning in California as seen via NASA satellite images. Earthquakes have been displaced as the most feared nature disaster in California. Wildfires, which once again are ravaging the Golden State, now are the biggest perennial natural threat, as evidenced by the latest rash of devastating and deadly flame outbreaks. Firefighters are battling three wildfires across the state. The Camp Fire, named after Camp Creek Road, is now the deadliest and most destructive wildfire in California history. As of Monday, Nov. 12, morning, the fire was responsible... Read more →


The 2018 tax season is not quite over for some folks. But if you're an extra-late filer and want to submit your 1040 electronically, you must do so by Nov. 17. After that date, you'll have to complete your 2017 tax year filing on paper returns. Must-do maintenance: The Internal Revenue Service didn't select the Nov. 17 e-file drop-dead due date randomly. The agency says it needs to shut down its IRS Modernized e-file system that processes electronically-filed individual returns after next weekend so that it has enough time to perform annual maintenance. The IRS also has to reprogram the... Read more →


Homes along Lake LBJ sustained flood damage after recent torrential rains sent Central Texas waterways over their banks. The effect of too many days of too much rain is indicated by the debris and dumpsters outside the homes, as well as the lake's water up to the tree canopy and the usually blue water turned muddy by the waters that rushed into it from upstream. (Photo taken Oct. 18, 2018, by Kay Bell) We had a magnificent weather weekend, with two gorgeous days in the Austin area and we get to start this new week with more sunshine and full... Read more →


On top of everything else, the Texas floods have produced rafts of floating fire ants. Click image to see KVUE News Twitter video of this monstrosity! There are new stories every day about folks working to reclaim a semblance of normal after the massive destruction of Hurricanes Florence and Michael. Here in Central Texas, hundreds of homes and businesses were (and some still are) under water. Our governor is considering whether to ask Uncle Sam for federal disaster relief to help affected folks get back on their feet. If the Lone Star State does ask and get federal disaster relief,... Read more →


Texas, according to veteran Lone Star State meteorologists, is the land of perennial drought, broken by the occasional devastating flood. Such flooding occurred today, opening up the possibility that parts of the Texas Hill Country could be deemed major disaster areas. If that happens, affected property owners can claim their losses on their tax returns. Mansfield dam image Excessive rainfall has produced devastating flooding in Central Texas, forcing area officials to open floodgates at local dams. The amount of water flowing into area rivers and lakes is so heavy that even Mansfield Dam in Austin, the structure that holds back... Read more →


UPDATE, Oct. 15: Additional areas in Florida, Georgia, North Carolina, South Carolina and Virginia now receive tax relief in connection with Hurricanes Florence and Michael. Details below. Monday, Oct. 15 is a big tax day for millions. The Internal Revenue Service says more than 14 million taxpayers requested added time to complete their 2017 tax returns. While not all of them put off that tax task until the very last minute, it's a safe bet that a lot did. If' you're among that group of uber-procrastinators, I wish you well in getting the job done by tomorrow. The tax and... Read more →


Port St. Joe on Florida's Panhandle was hard hit by Hurricane Michael. Residents of this small Gulf County, Florida, town now are eligible for special tax relief. (Photo courtesy Florida National Guard via Facebook) As expected, the Internal Revenue Service is giving Hurricane Michael victims extra time to take care of tax tasks that the deadly storm interrupted. The eligible taxpayers now have until Feb. 28, 2019, to file returns, pay taxes and perform certain other time-sensitive acts that had original or extended deadlines between Oct. 7 and the new filing due date next year. Extension deadline considerations: The IRS'... Read more →


Hurricane Michael is bearing down on the panhandle of Florida. It's expected to make landfall It made landfall this afternoon, possibly as category 4 strength (or stronger; wind instruments blew away before getting final readings), a speed at which it's been churning up the Gulf of Mexico for almost half a day. It's too late to evacuate, so I hope folks have found secure places to hunker down. And while I know no one is thinking about taxes when a hurricane is heading their way. The Internal Revenue Service was far from the hubby's and my minds back in 2004... Read more →


The Internal Revenue Service acted quickly in announcing tax relief for Hurricane Florence victims. As the flood waters continued to build, it expanded its relief beyond its initial disaster coverage area. Read on for more on IRS actions and how you can follow Uncle Sam's example and lend assistance to those dealing with the deadly storm. Deer brave a Hurricane Florence flooded road in Jacksonville, North Carolina, in search of higher, drier ground. (Screen shot of NBC News Twitter video) As expected, the Internal Revenue Service has announced that some folks in Hurricane Florence's path will received special consideration when... Read more →


I know it's a little late for all the business owners in North and South Carolina who better already be on the road or heading out soon to get out of Hurricane Florence's reach. Mea culpa. But for the next time — and there will be a next time — here are some ways to get your business ready for any disaster. Most of these are best practices that tax professionals and other companies already follow, but just in case you're worried you forgot something in your rush to get things done and get out, here's a quick checklist. 1.... Read more →


UPDATE , Oct. 1, 2018: The House has signed off on its three Tax Reform 2.0 bills to extend the individual provisions of 2017's Tax Cuts and Jobs Act. The Senate, however, is not so keen on the measures. Additional Senate tax action this year looks doubtful as the Upper Chamber focuses on other year-end priorities. The Tax Cuts and Jobs Act expanded the use of 529 education savings plans to cover elementary and secondary school costs. One of the House's Tax Reform 2.0 bills would also make 529 money available to pay some home-schooling expenses. (Photo by Chris Yarzab... Read more →


The Geostationary Operational Environmental Satellite (GOES) view of Hurricane Lane near Hawaii via the National Oceanic and Atmospheric Administration (NOAA). Click image to watch the radar loop. Hawaii, it's Big Island already soaked by Hurricane Lane's rains, is bracing for a very near miss from the biggest weather threat to the Aloha State in decades. The storm, which hit category 5 strength earlier this week before settling in at a still very dangerous category 4, could come close to the islands of Oahu, Molokai and Maui on today and Saturday. Even without making landfall, Lane's size and rainfall reach could,... Read more →