News & Updates

Clients frequently turn to trusted advisers for guidance during difficult moments, and accountants can play a critical role in helping individuals and businesses recognize fraud red flags and avoid becoming victims.

Research from Wharton reveals how climate risk is being mispriced in mortgages and property insurance, leaving homeowners to pay the price.

Spanberger, emergency leaders point to lessons from Hurricane Helene and encourage residents to make plans, build kits and review evacuation zones.

In 2025, Congress enacted HR 517, allowing allows state governors to request the Secretary of the Treasury provide tax relief for state-declared disasters (i.e., the state trigger).

The main issue contested in the new case was whether section 7508A relief should be applied broadly to taxpayer responsibilities or be limited by IRS pronouncements.

The number of taxpayers impacted by federal disasters is increasing. From 2013 to 2023, the number of areas qualifying to receive tax relief because of federal disasters increased from 141 to 750. Here are five important considerations involving federal disasters and tax relief.

More than one-third of Americans have been the victim of fraudulent activities after being personally or professionally impacted by a natural disaster, according to a Harris Poll. This AICPA article breaks down how to avoid bad actors.

More than 4 in 10 Americans have been victimized by a natural disaster, a stressful scenario that can take time to process. Tax-related responsibilities add to the burden, but filing relief can help. This Journal of Accountancy article breaks down survey results showing some want more action from the IRS.

Individuals and businesses want to help individuals affected by disasters and may not realize there are “Qualified Disaster Payments” that allow disaster victims not to include as income some assistance payments they receive. Read more from the NCACPA.