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Busy Bob
November 13, 2024
Question

hurricane relief

  • November 13, 2024
  • 1 reply
  • 0 views
  1. As an LLC in SW FL, I have lost (cancelations) several trips that were scheduled. This is a drop in revenue.  Any tax adjustments?

1 reply

A
AmitaR
November 13, 2024

Hello Busy Bob,

 

There is no tax relief due to a drop in revenue.

There could be relief in other ways, for example, delayed due date deadlines for tax payments or for filing tax returns.

Tax relief in disaster situations

Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!

Have an amazing day.

AR (CPA 10+ years)

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