Disaster Loss – a casualty loss sustained in a geographic area that the President designates as a disaster area which may be treated as having occurred during the previous tax year so that a victim may receive immediate tax benefits

disaster loss:
(1968)

1. A casualty loss sustained in a geographic area that the President designates as a disaster area.  *  It may be treated as having occurred during the previous tax year so that a victim may receive immediate tax benefits. [1]

References:

Disclaimer: All material throughout this website is pertinent to people everywhere, and is being utilized in accordance with Fair Use.

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

******************************************

Back to Types of Losses

Civil Law Self-Help

Criminal Law Self-Help

Civil and Criminal Law;
what’s the difference?

Home Page

Like this website?

Please Support Our Fundraiser

or donate via PayPal:

Disclaimer: Wild Willpower does not condone the actions of Maximilian Robespierre, however the above quote is excellent!

This website is being broadcast for First Amendment purposes courtesy of

Question(s)?  Suggestion(s)?
Email Distance@WildWillpower.org.
We look forward to hearing from you!