Michael Karlin

2 months ago | mondaq.com | Michael Karlin |Mark Melton |Lindsey A. Kernan

Between wildfires such as the ones in Southern Californiaearlier this year and hurricanes and other major storms experiencedby other parts of the country annually, there is no shortage ofnatural disasters affecting people and property. When such disasters strike, the resulting losses often triggera variety of federal and state tax consequences. This Holland & Knight alert examines many of the issuestaxpayers may face when dealing with disaster aftermath.