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Optima Tax Relief Explores How to Taxpayer can Recover Tax Records Lost in a Natural Disaster

If you or a family member have been personally affected by a natural disaster, then you know that attempting to reconstruct any records lost in the destruction can be difficult. Documents such as insurance reimbursements or tax documents are vital for taxpayers to have when filing their taxes and if they are missing, could lead to future tax issues. It is important for taxpayers to prove that their documents were lost due to a disaster-related incident and look into both loans and grants for recovery assistance in order to get back on their feet.

Optima Tax Relief looks into steps that you can take in order to reconstruct important records.

Get your Tax Records

If you are looking to get information on your tax documents right away and you do not have time to wait for both your former and current employers to send over your tax documents, you can always log onto your IRS profile and request the transcripts for the tax years that you need. Taxpayers also have the option to call the IRS at 800-908-9946 and follow the prompts in order to request transcripts.

Request your Financial Statements

Another alternative way to replace any records that may have been lost during a natural disaster is to gather any past statements from your credit card company or bank. Most of these records can be retrieved either by going online or contact your financial institution directly. Taxpayers can also request that their bank send over paper copies of their statements to keep on file.

Where to Retrieve Property Records

  • For property-related documents, homeowners can contact the title company or bank they used to purchase their home. Homeowners can also contact the escrow company or bank that handles the purchase of their home or property.
  • If you have made home improvements, you can get in touch with the contractors who worked on your home/property and ask them for statements and to verify the work and cost. You can also get written descriptions from friends and relatives that witnessed any of your home improvements.
  • If you inherited property, taxpayers can check court records for the probate value. If a trust or estate existed, you can contact the attorney who handles the trust.
  • Taxpayers should also check the county assessor’s office for old records that might address the value of your property.

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