Drought Damage to Business and Personal Property and Its Tax Implications
Journal of Taxation, March 2014
Posted: 3 Jun 2019
Date Written: March 20, 2014
As the country experiences extreme weather condition of all types, taxpayer should be prepared to substantiate any related claims of loss -- casualty or otherwise -- that may arise. Drought problems, which may occur over time, may pose particular difficulties.
Keywords: Drought, taxation
JEL Classification: H20
Suggested Citation: Suggested Citation