Publication 547

A form published by the IRS explaining the tax treatment of theft, loss or destruction of assets. Some of these losses may be tax deductible. Publication 547 shows how these losses work. See also: Publication 584.

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See IRS Publication 547, "Casualties, Disasters, and Thefts," and Form 4684, "Casualties and Thefts," to claim a deduction for a loss.

Tips for new college grads: here's your manual for dealing with student loan debt

Whether a claim for reimbursement exists and whether there is a reasonable expectation for recovery of the loss (IRS Publication 547, Casualties, Disasters, and Thefts 3 (2009)).

Protecting the elderly from financial abuse

and replacing property (see IRS Publication 547, p.

Tax issues for individual victims of natural disasters

Taxpayers may also find it helpful to obtain copies of Internal Revenue Service (IRS) Publication 547 (Nonbusiness Disasters, Casualties and Thefts), Publication 584 (Nonbusiness Disaster Casualty and Theft Loss Workbook) and Publication 334 (Tax Guide for Small Business).

Deductibility of personal and business casualty losses by individuals

For more information on disaster losses call 800/829-FORM to order Publication 547, Nonbusiness Disasters, Casualties and Thefts, or Publication 334, Small Business Tax Guide.

IRS Extends Deadlines for Northern California Flood Disaster Victims

The IRS considers theft to be "the taking and removing of money or property with the intent to deprive the owner of it" (IRS Publication 547, Casualties, Disasters, and Thefts 3 (2008)).