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Registro De Perdidas
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584-B
31749K
Business Casualty,
Disaster, and
Theft Loss
Workbook
This workbook is designed to help you figure your loss on business and income-producing property in the event of a disaster, casualty, or theft. It
contains schedules to help you figure the loss to your office furniture and fixtures, information systems, motor vehicles, office supplies, buildings,
and equipment. These schedules, however, are for your information only. You must complete Form 4684, Casualties and Thefts, to report your loss.
How To Use This Workbook
You can use this workbook by following these five steps.
Read Publication 547 to learn about the tax rules for casualties, disasters, and thefts.
Know the definitions of adjusted basis and fair market value, discussed below.
Fill out Schedules 1 through 6.
Read the instructions for Form 4684.
Fill out Form 4684 using the information you entered in Schedules 1 through 6.
Use the chart below to find out how to use Schedules 1 through 6 to fill out Form 4684.
Take what's in...
And enter it on Form 4684...
Column 1
Line 22
Column 2
Line 22
Column 3
Line 22
Column 4
Line 23
Column 5
Line 24
Column 6
Line 26
Column 7
Line 27
Column 8
Line 28
Column 9
Line 29
Column 10
Line 30
Adjusted basis.
Adjusted basis usually means original cost plus improvements, minus depreciation allowed or allowable (including any section 179 expense
deduction), amortization, depletion, etc. If you did not acquire the property by purchasing it, your basis is determined as discussed in Publication
551, Basis of Assets.
Fair market value.
Fair market value is the price for which you could sell your property to a willing buyer, when neither of you has to sell or buy and both of you
know all the relevant facts. When filling out Schedules 1 through 6, you need to know the fair market value of the property immediately before and
immediately after the disaster or casualty.
Deduction limits.
If your casualty or theft loss involved a home you used for business or rented out, your deductible loss may be limited. See the instructions for
Section B of Form 4684. If the casualty or theft loss involved property used in a passive activity, see Form 8582, Passive Activity Loss Limitations,
and its instructions.
The casualty and theft loss deduction for employee property, when added to your job expenses and most other miscellaneous itemized deductions on
Schedule A (Form 1040), must be reduced by 2% of your adjusted gross income. Employee property is property used in performing services as an employee.
How To Get
Tax Help
More information
Tax help
Free tax services
Tax help
Help
Tax help
Assistance
Tax help
Publications
Tax help
TTY/TDD information
You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS in several
ways. By selecting the method that is best for you, you will have quick and easy access to tax help.
Contacting your Taxpayer Advocate.
Taxpayer Advocate
If you have attempted to deal with an IRS problem unsuccessfully, you should contact your Taxpayer Advocate.
The Taxpayer Advocate independently represents your interests and concerns within the IRS by protecting your rights and resolving problems that
have not been fixed through normal channels. While Taxpayer Advocates cannot change the tax law or make a technical tax decision, they can clear up
problems that resulted from previous contacts and ensure that your case is given a complete and impartial review.
To contact your Taxpayer Advocate:
Call the Taxpayer Advocate toll free at
1-877-777-4778.
Call, write, or fax the Taxpayer Advocate office in your area.
Call 1-800-829-4059 if you are a
TTY/TDD user.
Visit
www.irs.gov/advocate.
For more information, see Publication 1546, How To Get Help With Unresolved Tax Problems (now available in Chinese, Korean, Russian, and
Vietnamese, in addition to English and Spanish).
Free tax services.
To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. It contains a list of free tax publications and an
index of tax topics. It also describes other free tax information services, including tax education and assistance programs and a list of TeleTax
topics.
Internet. You can access the IRS website 24 hours a day, 7 days a week, at
www.irs.gov to:
E-file your return. Find out about commercial tax preparation and e-file services available free to eligible
taxpayers.
Check the status of your 2005 refund. Click on Where's My Refund. Be sure to wait at least 6 weeks from the date you filed your
return (3 weeks if you filed electronically). Have your 2005 tax return available because you will need to know your social security number, your
filing status, and the exact whole dollar amount of your refund.
Download forms, instructions, and publications.
Order IRS products online.
Research your tax questions online.
Search publications online by topic or keyword.
View Internal Revenue Bulletins (IRBs) published in the last few years.
Figure your withholding allowances using our Form W-4 calculator.
Sign up to receive local and national tax news by email.
Get information on starting and operating a small business.
Phone. Many services are available by phone.
Ordering forms, instructions, and publications. Call 1-800-829-3676 to order current-year forms, instructions, and publications
and prior-year forms and instructions. You should receive your order within 10 days.
Asking tax questions. Call the IRS with your tax questions at 1-800-829-1040.
Solving problems. You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. An
employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. Call your local Taxpayer Assistance Center
for an appointment. To find the number, go to
www.irs.gov/localcontacts or
look in the phone book under United States Government, Internal Revenue Service.
TTY/TDD equipment. If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and
publications.
TeleTax topics. Call 1-800-829-4477 and press 2 to listen to pre-recorded messages covering various tax topics.
Refund information. If you would like to check the status of your 2005 refund, call 1-800-829-4477 and press 1 for automated
refund information or call 1-800-829-1954. Be sure to wait at least 6 weeks from the date you filed your return (3 weeks if you filed electronically).
Have your 2005 tax return available because you will need to know your social security number, your filing status, and the exact whole dollar amount
of your refund.
Evaluating the quality of our telephone services. To ensure that IRS representatives give accurate, courteous, and professional answers,
we use several methods to evaluate the quality of our telephone services. One method is for a second IRS representative to sometimes listen in on or
record telephone calls. Another is to ask some callers to complete a short survey at the end of the call.
Walk-in. Many products and services are available on a walk-in basis.
Products. You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and
publications. Some IRS offices, libraries, grocery stores, copy centers, city and county government offices, credit unions, and office supply stores
have a collection of products available to print from a CD-ROM or photocopy from reproducible proofs. Also, some IRS offices and libraries have the
Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes.
Services. You can walk in to your local Taxpayer Assistance Center every business day for personal, face-to-face tax help. An
employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. If you need to resolve a tax problem,
have questions about how the tax law applies to your individual tax return, or you're more comfortable talking with someone in person, visit your
local Taxpayer Assistance Center where you can spread out your records and talk with an IRS representative face-to-face. No appointment is necessary,
but if you prefer, you can call your local Center and leave a message requesting an appointment to resolve a tax account issue. A representative will
call you back within 2 business days to schedule an in-person appointment at your convenience. To find the number, go to
www.irs.gov/localcontacts or
look in the phone book under United States Government, Internal Revenue Service.
Mail. You can send your order for forms, instructions, and publications to the address below. You should receive your order within 10
days after your request is received.
National Distribution Center
P.O. Box 8903
Bloomington, IL 61702-8903
CD-ROM for tax products. You can order Publication 1796, IRS Tax Products CD-ROM, and obtain:
A CD that is released twice so you have the latest products. The first release ships in late December and the final release ships in late
February.
Current-year forms, instructions, and publications.
Prior-year forms, instructions, and publications.
Tax Map: an electronic research tool and finding aid.
Tax law frequently asked questions (FAQs).
Tax Topics from the IRS telephone response system.
Fill-in, print, and save features for most tax forms.
Internal Revenue Bulletins.
Toll-free and email technical support.
Buy the CD-ROM from National Technical Information Service (NTIS) at
www.irs.gov/cdorders for $25 (no handling fee) or call 1-877-233-6767 toll free to buy the CD-ROM for $25 (plus a $5 handling fee).
Schedule 1. Office Furniture and Fixtures
Summary: This is an example of a schedule used to record any losses to property by a business. This recordkeeping would be used to help
determine the amount of loss the business may be able to claim as credit/deduction on their return. This schedule is used to record office furniture
and fixtures lost due to casualty or theft.
Schedule 2. Information Systems
Summary: This is an example of a schedule used to record any losses to property by a business. This recordkeeping would be used to help
determine the amount of loss the business may be able to claim as credit/deduction on their return. This schedule is used to record information
systems lost due to casualty or theft.
Schedule 3. Motor vehicles
Summary: This is an example of a schedule used to record any losses to property by a business. This recordkeeping would be used to help
determine the amount of loss the business may be able to claim as credit/deduction on their return. This schedule is used to record any motor vehicles
lost due to casualty or theft.
Schedule 4. Office Supplies
Summary: This is an example of a schedule used to record any losses to property by a business. This recordkeeping would be used to help
determine the amount of loss the business may be able to claim as credit/deduction on their return. This schedule is used to record office supplies
lost due to casualty or theft.
Schedule 5. Building, Components, and Land
Summary: This is an example of a schedule used to record any losses to property by a business. This recordkeeping would be used to help
determine the amount of loss the business may be able to claim as credit/deduction on their return. This schedule is used to record any property
associated with the building and grounds lost due to casualty or theft.
Schedule 6. Equipment
Summary: This is an example of a schedule used to record any losses to property by a business. This recordkeeping would be used to help
determine the amount of loss the business may be able to claim as credit/deduction on their return. This schedule is used to record business equipment
lost due to casualty or theft.
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