How to Rebuild After Disaster

          It seems that everywhere you look, disasters are taking place. Whether it’s earthquakes, fires, or floods, there are any number of circumstances that can completely change your life. However, to receive any federal assistance, make insurance claims, or write off tax losses, records will need to be provided. It might not be the first thing on your mind, but there are some simple steps that can be taken to help reach that goal.

          Financial statements can be gathered from your credit card company or bank, in digital or paper form when requested. Property records can also be requested from the bank, escrow, or title company. If the property is inherited, court records can be used to estimate the value. If there is nothing else, the county assessor’s office will have records that address property value. If home improvements have been made, reach out to the contractors and get statements from them to verify the work and its cost. Written descriptions from others who saw the home before and after the work that was done can also be used. Using tools to research the fair market value of any vehicles involved is also acceptable.

          When it comes to lost tax records, they can be retrieved. The Internal Revenue Service (IRS) can provide transcripts when requested by you or your Qualified Tax Professional. To protect your personal information, some specific information will be required to prove your identity. The transcript will also protect certain personal data for your safety. This will certainly not be the first thing you think of at the time of a disaster, but it’s good to know that you have a few options to help rebuild.

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