Casualty Losses – 2019 Law – Self-Study (No Videos)
This is the third of four courses on itemized deductions. Here we explore rules for claiming casualty losses.
- Identifying whether a loss qualifies as a casualty or theft loss
- How to figure your allowable loss
- The limits on losses
- How to complete Form 4684 Casualty & Theft Losses
- When to deduct a loss
- How to claim a business loss
At the conclusion of this course you should be able to:
- By the conclusion of this course, you should be able to:
- Identify if an event qualifies as a casualty or theft loss
- Determine the amount of nonbusiness casualty loss you can deduct
- Complete Form 4864 Casualties and Thefts
- Describe how insurance reimbursements affect computation of the casualty or theft loss you are allowed to deduct
- Explain the $100, 10% and 2% rules that limit the amount of deduction you can claim for a casualty or theft loss
Classwork assignments will provide opportunities for students to apply concepts covered in this course to sample tax forms including Schedule A, and Form 4684.
Self-Study (No Videos)
2019 Tax Law
|IRS (Federal Tax Law)||1 Hours|
|Oregon Tax Board||1 Hours|
Field of Study
Basic tax knowledge
Self-study (No Videos)
IRS Federal Program Number
Meet Your Instructor
April Gutierrez, Enrolled Agent: Known for her entertaining speaking style and ability to make a complex subject easy to understand, April is frequently invited to speak to business groups and news media on tax-related topics. She has a B.A. in Communication Studies from Murdoch University in Perth, Australia. She obtained her Oregon LTC in 1995. April resides in Portland, Oregon, with her husband Jess and their two sons. Her pastimes include gardening, travel, and playtime with her Arabian horse, Fancy.
Any Time, Anywhere
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Terms of Enrollment
Pacific Northwest Tax School’s course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media. Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School. As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students taking continuing education courses shall have twelve months from date of enrollment to successfully complete the course and receive their Certificate of Completion. Students taking the federal only portion or the Oregon 80 Hour Basic Tax Course students have nine months from the date of enrollment to sucessfully complete the course.
Basic Tax Law
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Prerequisites & Advance Preparation
Students intending to write the Oregon State Tax Exam, must be at least 18 years of age, and have High School Diploma or GED. Students using our self-paced internet based program should prepare for classes by downloading and printing course materials. For more information including detailed course descriptions and learning objectives, view the details of each course, located on Pacific Northwest Tax School’s catalog pages at: https://www.pnwtaxschool.com/list-of-all-courses/
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