2020 – 08/13 A disaster can strike at any time whether it strikes your home, your city or a much bigger area. That’s why the IRS is encouraging taxpayers to think ahead and prepare. This may include developing an evacuation plan, assembling kit of essential supplies and putting financial safety measures in place. Here are some tips for protecting your financial safety. Review your emergency plan annually for relevance. Keep important documents (such as insurance policies, tax returns, bank statements) in a safe place and create electronic copies if possible. Inventory your valuables, with photos or videotape, to make insurance claims easier. For more from the IRS:
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- CPA | Money | Planning | Wealth Advisor
The Financial and Emotional Impact of Sudden Wealth
Whether it’s from an inheritance, settlement, divorce, a major sale, initial public offering (IPO) of your business or winning the lottery, most people would agree coming into a large sum of money is a good problem to have.
