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| Hurricane Relief Center |
Service Areas
Insurance Assistance
- Assistance with documenting losses, developing inventories, reporting requirements,
working with agents and adjustors, etc.
- Understanding policy provisions (deductibles, exclusions, co-pays, limits, etc.
- Creating an inventory of damaged or destroyed property
- Understanding or evaluating property or life settlements
- Assistance in filing appeals for denied claims
- Budgeting insurance proceeds and expenses
Tax Return Filings and Other Tax Issues
- How to file a casualty loss on an individual tax return
- Documenting and reporting non-reimbursable medical expenditures
- Tax preparation services
- Understanding the taxation of insurance proceeds and expense reimbursements
- Understanding the taxation of unemployment income due to job loss
- Recreating lost tax records
- Managing retirement plan distributions and loans
Financial Planning
- Cash flow planning
- Assessing future insurance needs and alternatives
- Education funding for retraining due to injury or death of working spouse
- Planning financially for unexpected future disasters
- Strategies to recover financially in the event a primary wage earner is deceased
- Estate planning including review of existing wills, trusts, etc.
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Employee Retention Credit
An eligible employer who conducted an active trade or business in the Gulf
Opportunity (GO) Zone, the Rita GO Zone, or the Wilma GO zone can claim
the employee retention credit. The credit is 40% of qualified wages for each eligible employee (up to a
maximum of $6,000 in qualified wages per employee).
Employers affected by Hurricane Wilma
The following definitions apply to employers affected by Hurricane Wilma.
Eligible employer
An eligible employer is any employer who conducted an active trade or business on October 23, 2005, in the Wilma GO Zone
and whose trade or business was inoperable on any day after October 23, 2005, and before January 1, 2006, because of damage
caused by Hurricane Wilma. Contact us for additional details.
Eligible employees
An eligible employee is an employee whose principal place of employment on October 23, 2005, with such eligible employer was
in the Wilma GO Zone. Contact us for additional details.
Qualified wages
Qualified wages are wages you paid or incurred before Jannuary 1, 2006 (up to $6,000 per employee) for an eligible employee
beginning on the date your trade or business first became inoperable at the employee's principal place of employment
immediately before the applicable hurricane, and ending on the date your trade or business resumed significant operations at that place.
For Hurricane Wilma, the wages must have been paid or incurred after October 23, 2005. Contact us for additional details.
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