That's a very simple version of how you calculate casualty loss. One reason it's taking some people so long is that information is difficult to compile. |
The difference in ink colors is very important because we have equipment that reads the forms differently. |
The software walks you through it. If you put in an address in Harrison County, it will ask you if you had any losses due to the storm. |
They don't have to notify us now if they're taking advantage of that extension, but they do have to notify us on the return. They need to identify themselves as needing the additional time because of the storm. |
We will follow federal guidelines on calculating casualty loss. |