Is there a way to get some tax relief for a loss or theft?A number of years ago, my Wife and I bought a used but beautiful travel trailer. We spent around $1500 in stuff to put inside the trailer and were looking forward to using it on a trip. Well guess what? We never had the opportunity as someone stole the trailer from where we had it stored.
Perhaps you have a story similar to mine and figure there must be some way of getting tax relief for your loss. Well, there is.
There is a way to obtain a write off of investment losses and a separate area to deal with thefts and such. We are acquainted with how to handle both in addition to other areas of taxation.
Hopefully you will never face the type of loss which my family encountered but if you do, give me a call.
I am a CPA in San Antonio and provide bookkeeping, payroll, taxes and more. We offer a free initial visit and look forward to serving your business needs.
Richard J. Garcia | 07/05/2011