On Thursday, April 3rd, 2025 from 6:00 PM to 7:30 PM, the Small Business Center at Mayland Community College will host Prof. Nicholas Brown for a free disaster tax relief webinar. Attendees who wish to register for the webinar can do so at this link.
During the webinar, Brown will be using a presentation that can be found at this link. The presentation link will also be shared during the event. The wide-ranging webinar will present information related to the following topics:- Cash vs. accrual method accounting (a requirement for certain tax rules)
- State, federal tax deadlines
- Property tax issues
- Taxability of disaster relief payments (e.g., 'FEMA money')
- Taxability of crowdfunding (e.g., money from GoFundMe)
- Taxability of crop insurance proceeds (private or public programs)
- Tax implications of demolition costs
- Casualty losses (i.e., losses to tools, greenhouses, machinery, equipment)
- Livestock losses
- Damage/losses to Christmas tree farms
- And other resources!
