Attachment 1 - Industry Director Directive # 1 on IRC Section 165 Casualty Losses |
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Attachment 1
Casualty Loss Survey
(Complete a separate Form for each utility subsidiary with casualty losses)
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?
If not, what method is the taxpayer utilizing to value the loss?
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What is the amount of IRC 162 Repair Expense claimed in connection with the same casualty
event(s)?
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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
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Page Last Reviewed or Updated: August 29, 2008