In the aftermath of disasters such as the July flooding in the Hill Country and other parts of Texas, taxes and tax returns are not issues victims are immediately thinking about. Even so, there are actions that can be taken immediately that should ease future tax filings in the wake of disaster.
Texas State University Department of Accounting faculty members Carolyn Conn, Ph.D., and Christopher Proschko, J.D., have compiled the following guidance for those recovering from the flooding: -Save receipts for all costs associated with the disaster (including temporary housing) as well as medical care and doctors’ notes.
-Keep a log of all miles driven because of the disaster, including to/from homes damaged by flooding and storms, to/from stores for building materials for repairs, and to/from medical treatment related to the disaster and for acquiring related medication.
