Attachment 1 - Industry Director Directive # 1 on IRC Section 165 Casualty Losses
Attachment 1
Casualty Loss Survey
(Complete a separate Form for each utility subsidiary with casualty losses)
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Taxpayer Name |
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Utility Name if Different |
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EIN |
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Tax Years |
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Group |
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Industry |
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Contact Person |
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Phone Number |
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Estimated Closing Date |
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POA |
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IRC 165 Casualty Loss Deducted on the Tax Return |
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Book Loss/Expense |
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Is the taxpayer using cost to repair to measure the amount of the casualty loss? |
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What is the amount of IRC 162 Repair Expense claimed in connection with the same casualty |
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Single Identifiable Property (SIP) Definition Per Taxpayer, e.g. entire network or a smaller unit of property. Please explain. |
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Did the taxpayer file a claim to take the deduction, or was the deduction on the filed return? |
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Issue Status |
