2010 Estimated Taxes and Disaster Losses

The IRS has made a series of changes that could affect your 2010 estimated tax payments. To keep you informed, today we continue our series of blog posts to highlight those changes.

The topic for today’s post is disaster losses.

According to the IRS, the special rules that were in effect in 2008 and 2009 for losses of personal use property attributable to federally declared disasters do not apply to losses occurring in 2010 and later years.