Chris is the president at CBAuthentix Business Services, a bookkeeping principal, Enrolled Agent and QuickBooks Pro Advisor.

Victim of a Disaster, Fire or Theft? Take advantage of the Casualty loss deduction

This past Wednesday I had the opportunity to attend New York City FDNY 148th Medal Day.  The bravery, courage and strength that these men provide for our city is unbelievable. THANK YOU!  If there is a lesson that I learned throughout my years about fire, it’s never to underestimate a fire.  No matter how big or how small the fire is, get out and as far away from the building as quickly as possible.  Don’t worry about grabbing your personal belongings because the slightest bit of black smoke will knock you out unconscious.  Also, there may be some attractive tax advantages for your property that is lost or damaged that I will discuss in today’s post.

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