2017 Disaster Loss (VOD)

$29.00

If you or your clients were negatively affected by recent hurricanes or other natural disasters, then this course is a must. Tax expert Vern Hoven walks you through the worksheets and forms necessary to ensure that losses are covered, both for individuals and for businesses. Only 15% of individuals have flood insurance, so chances are your clients who reside or do business in affected areas will need the guidance provided by this course.

  • Credit Hours:  1
  • NASBA Field of Study: Taxes
  • Level:  Basic
  • Prerequisites: There are no prerequisites. 
  • Advance Preparation: None
  • IRS Course #: BZ8FR-T-00064-17-S
  • IRS Federal Tax Law Credits: 1
SKU: 2017DISRECVOD Categories: , ,

Course Description

If you or your clients were negatively affected by recent hurricanes or other natural disasters, then this course is a must. Tax expert Vern Hoven walks you through the worksheets and forms necessary to ensure that losses are covered, both for individuals and for businesses. Only 15% of individuals have flood insurance, so chances are your clients who reside or do business in affected areas will need the guidance provided by this course.

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Recall how to fill out the disaster-loss form.
  • Identify how to reconstruct records destroyed in a disaster.
  • Cite what qualifies as casualty loss and what doesn’t.
  • Recognize the difference in processes between individual and business losses.

 

Course Objectives

Vern Hoven Tax Seminars’ programs are focused on maintaining and improving professional competence in individuals who deal with issues regarding tax compliance (tax return preparation and review and IRS examinations, ruling requests and protests) and tax planning (applying tax rules to prospective transactions and understanding the tax implications of unusual or complex transactions; as well as recognizing alternative tax treatments and advising clients on tax saving opportunities).

Courses are designed to update participants about relative changes in tax codes, laws, rulings, decisions, interpretations, and any other important alteration affecting taxation and professionals working within the field of taxation.

Program Prerequisites

There are no prerequisites.

Program Level

Basic

Field of Study

Taxes

Advance Preparation

None

Instructional Method

1 Credit Hour

Our QAS Self-Study Course materials will be delivered to you via Vern’s innovative online courses.

CPE Credit Hours

Credit Hours are based, in accordance with the National Association of State Boards of Accountancy’s (NASBA’s) Standards for Continuing Professional Education (CPE) Programs, on a 50-minute hour. Upon successful completion of the exam (70% or higher), you will be presented with a printable Certificate of Completion detailing the Course Name and earned Credit Hours.

Program Registration & Duration

Simply click the “Add to Cart” button following the course description and, once you complete the order form, you will be asked to create a username and password good for one year from the date of purchase. You can change your password at any time. You will have one year from date of purchase to review the course(s) you purchase, and take the final exam. Once you pass the exam, you will have completed the course.