If a Taxpayer Suffers a Loss Attributable to a Disaster

question 15

True/False

If a taxpayer suffers a loss attributable to a disaster in an area subsequently declared a disaster area,the casualty loss may be deducted in the year preceding the year in which the loss actually occurs.

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Definitions:

Certified Medical Assistant

A medical assistant who has achieved certification through passing a standardized test, indicating proficiency in the field.

Contact Hours

A measure of the amount of time an individual spends in direct, instructional interaction, often used in educational settings.

Recertify

The process of renewing a certification or qualification to verify that an individual or organization continues to meet the standards required by a regulatory body or professional association.

Advanced Administrative Duty

Tasks or responsibilities assigned to high-level administrative positions that involve complex management or oversight roles.