September is National Preparedness Month
During National Preparedness Month, IRS is reminding taxpayers to create or update their emergency preparedness plans. Make sure your plan includes securing and duplicating tax and financial documents and creating lists of property:
Keep original documents inside waterproof containers in a secure space. If documents are available only on paper, use a scanner and save them on a USB flash drive, CD, or in the cloud.
- Photograph or video the contents of your home and/or business, especially items of greater value. After a disaster, this can help support claims for insurance or tax benefits. IRS’s disaster-loss workbooks can help individuals and businesses compile lists of belongings or business equipment.
- Reconstructing records after a disaster may be required for tax purposes, getting federal assistance or insurance reimbursement. Taxpayers who have lost some or all of their records during a disaster should visit Reconstructing Records After a Natural Disaster or Casualty Loss.
Learn more and get links to additional resources here