One of the best ways to manage the aftermath of a natural disaster is to plan ahead. If you live in a high-risk area, you can take steps to alleviate tax and financial issues after the disaster strikes.
Follow these three tips:
- Check your homeowners or renters insurance for natural disaster coverage.
- Create an inventory of your assets, including your home, vehicles and other property.
- Back up your important files and documents and keep them in a different location.
Have questions about taxes and natural disasters? Let’s talk!