The complexities of the section 165(i)(1) disaster loss election. (Internal Revenue Code section 165(i)(1)): An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on October 1, 1997. The length of the article is 5324 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: An IRC section 165(i)(1) disaster loss election decision requires the consideration of several factors and depends upon whether the taxpayer requires a rapid refund. Relevant factors include whether the taxpayer is an individual or a corporation; the property is business, investment, or personal use property; and the existence of net operating losses. The tax should be computed for each year before making the decision.

Citation Details
Title: The complexities of the section 165(i)(1) disaster loss election. (Internal Revenue Code section 165(i)(1))
Author: Dean Crawford
Publication:The Tax Adviser (Magazine/Journal)
Date: October 1, 1997
Publisher: American Institute of CPA's
Volume: 28 Issue: n10 Page: 646(7)

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