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Webinar: Turn 2020 Losses into 2019 Deductions


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Webinar: Turn 2020 Losses into 2019 Deductions

Watch our expert panelists as we discuss how to claim COVID-19 losses and expenses on your 2019 tax return. Did you know that individuals and businesses can claim deductible disaster-related losses sustained in the current year on the prior year’s tax return? That’s right. This commonly overlooked tax incentive went into effect when President Trump declared a national emergency for COVID-19.

Here are just a few examples of the many claimable losses:

  • Costs of personal protective equipment (PPE)
  • Closure of stores and facility locations
  • Disposal of unsold inventory, supplies and other property
  • Financial or legal service-related fees due to default on pre-existing obligations

Learn how you can take advantage of this provision, even if you have already filed your 2019 tax return. Chances are you are eligible.

Aprio Expert Panelist:

  • Cardell McKinstry, Partner, serving Transaction Advisory clients, Aprio
  • Ori Epstein, Partner, serving Technology and Blockchain clients, Aprio