Aug 29, 2011
Farmers with weather losses can get answers to tax questions online
The recent heavy weather from hurricane Irene that has affected many parts of the Eastern United States has caused damage to agriculture, rural and coastal businesses. In many cases the damage to farms, rural businesses and private homes qualifies as a casualty loss due to the unexpected damage. A resource to help individuals and clients of professional tax preparers relative to casualty losses and other tax issues is available from the website RuralTax.org.