Announcement

Collapse
No announcement yet.

is this a casualty loss?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    is this a casualty loss?

    relative moved to Louisiana in 2011. employer payed moving expenses. movers lost or destroyed his household furniture. refrigerator interior was destroyed, dishware broken, boxes of clothing found in Texas. bedroom and kitchen furniture lost. Moving company says "sue me". it's not known what happened, i don't think a natural disaster (like truck got caught in flood). is this something i can claim as a casualty loss. i can't find a definition to fit. any comments appreciated

    #2
    Originally posted by taxmom34 View Post
    relative moved to Louisiana in 2011. employer payed moving expenses. movers lost or destroyed his household furniture. refrigerator interior was destroyed, dishware broken, boxes of clothing found in Texas. bedroom and kitchen furniture lost. Moving company says "sue me". it's not known what happened, i don't think a natural disaster (like truck got caught in flood). is this something i can claim as a casualty loss. i can't find a definition to fit. any comments appreciated
    Moving company evidently at fault and should reimburse, but we knew that.
    SO? Sue. Si? Si.. !

    After the judgement if not paid, then it's a loss.

    See?
    ChEAr$,
    Harlan Lunsford, EA n LA

    Comment


      #3
      i was afraid it wouldnt work. thank you Harlan

      Comment


        #4
        Go to small claims court. They won't show. Default judgement to the plaintiff. Then claim loss.
        And IRS regs state, I believe, that you actually do not have to go that far, if you can document bona fide attempt to collect by other means. If the TP's know all these circumstances you post, then there has to be prior correspondence or something to base it on. Certainly report to BBB, police, maybe even attorney-generals' office in state where moving company is based.
        Last edited by Burke; 04-27-2012, 05:03 PM.

        Comment


          #5
          Careful of casualty definition

          These events definitely fall into a negligence (sue me!) scenario.

          Does the owner of the property have any personal insurance that might cover such a loss? Perhaps even the business if they contracted the work?

          As for fitting into the (tax definition) of a casualty loss, I'm not sure how well that would go over upon further review.

          "A casualty is the damage, destruction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual."

          FE

          Comment


            #6
            It is a loss and I agree with both posts that speak to when it is appropriate to take it on the return.
            Be sure there is a police report filed and it should be taken when all avenues to collect have been documented..
            Believe nothing you have not personally researched and verified.

            Comment

            Working...
            X