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Casualties, Disasters & Settlements

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Casualties, Disasters & Settlements
IRS Program #: X9QQU-T-00800-21-S/O
CE: 2
Speaker: Larry Pon, EA

Course Description:
In this presentation, we will review the latest tax rules for Casualty Losses, Disasters, and the taxation of Settlements. Our clients have certainly gone through their share of casualties and disasters and may have even received settlements. We will review the proper tax treatments and the many questions we need to ask our clients. Although the Tax Act of 2017 eliminated personal casualty loss deductions for the years 2018-2025, business casualty losses remain deductible, and personal losses within federally declared disaster areas remain deductible.

Learning Objectives:

  • Deducting casualty losses
  • Navigating Form 4684
  • Determining Nature of Loss
  • Federally Declared Disasters
  • Definition of casualty
  • Determine the amount of the loss
  • Effect of insurance proceeds, settlements, and certain disaster relief payments
  • When to report loss
Continuing Education
This course qualifies for IRS Continuing Education Hours. NAEA reports IRS CE on a monthly basis. If you have not received your CE Hours in your IRS PTIN Account by the end of the month after receiving the certificate, please contact NAEA at

Webinar Refund Policy
To request a refund, contact the NAEA education team via email at An NAEA education team member will review the request for refund. If the refund request has been approved, the refund will be refunded on the same method of purchase. Live Webinars, also offered On-Demand Webinars will not be refunded.


  • Lawrence Pon, CPA, EA, USTCP

    Lawrence K.Y. Pon is a certified public accountant, personal financial specialist, certified financial planner, enrolled agent, United States Tax Court practitioner, and accredited estate planner in Redwood Shores, CA.

    Mr. Pon has been in practice since 1986 and enjoys helping his clients reach their financial goals. He frequently speaks on tax and financial planning topics.

    Mr. Pon received his BS in Business Administration with emphases in Accounting and Finance from the University of California, Berkeley and MS in Taxation from Golden Gate University in San Francisco.
    Mr. Pon is a member of the Golden Gate Society of Enrolled Agents, California Society of Enrolled Agents, and the NAEA.

November 17, 2021
Wed 12:00 PM EST

Duration 2H 0M

This live web event has ended.