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Local CPAs, Tax Pros Available to Assist Flood SurvivorsNovember 30, 2010
NASHVILLE, Tenn. – The Mayor’s Flood Recovery Team has assembled a group of local tax experts who are volunteering their time to assist flood survivors with amending their 2009 or preparing to file their 2010 federal income tax.
Approximately 20 local accounting firms have agreed to provide tax preparation assistance at no cost to flood survivors, many of whom are still displaced from their homes by the May flood, are still unemployed and have limited resources to seek or pay for advice and assistance from tax professionals.
Flood survivors who need help preparing their taxes can make arrangements to meet with local Certified Public Accountants (CPAs) and other tax experts by contacting any of the United Way’s five Restore The Dream Centers. Those experts can help with filing the IRS Casualty Loss tax deduction, which is a valuable source of aid for Metro flood survivors, but one that requires extensive paperwork.
In addition to tax preparation help, case managers at each Restore The Dream Center can connect residents impacted by the May flood with a variety of services and assistance. To find the location of a Restore The Dream Center, residents can call United Way’s
2-1-1 or visit www.nashvillerecovery.com.
Several tax preparation resources, including a “2010 Tax Guide for Flood Victims” and an instructional flier “Seven Steps to Casualty Losses for Income Tax Returns” are available to download from the recovery website.