As we get closer to the peak of severe weather season, the Internal Revenue Service wants to help you prepare for the unexpected.
Experts with the IRS say because a disaster can happen at any time, it is important to update your emergency plans regularly. As you prepare a disaster kit, they recommend backing up key documents like bank statements, tax returns and insurance policies. They suggest keeping those documents in a waterproof container, with a duplicate set stored safely away from the originals. The IRS has perpared two documents, Publication 584 (Casualty, Disaster and Theft Loss Workbook) and Publication 584B (Business Casualty, Disaster and Theft Loss Workbook), to help in the event of a disaster.