Reconstructing important records after disaster or loss
November 3, 2022
If important records are destroyed in a disaster or by some other means, you may need to recreate them. The IRS offers tips for reconstructing various records, some of which may be needed for insurance claims or possibly for federal assistance as you recover. To recreate financial statements, use past credit card and bank statements. For property records, contact the title company, escrow company or bank that handled your home purchase. To verify the cost of home improvements you made, contact the contractors who did the work. For tax records, you can get transcripts by calling 800-908-9946 or by using the Get Transcripts tool on IRS.gov. For more IRS tips, click here.
Posted November 3, 2022
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Chris Powers, CPA
Chris helps her clients confidently navigate tricky tax laws and complex regulatory challenges.
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