THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

Sunlight Podcast Hannah Cole Sunlight Podcast Hannah Cole

Tax Relief You Get for Disaster Losses

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In today’s episode, I’m going over the IRS benefits for those affected by federally declared disasters and highlighting the automatic qualification for disaster relief, including filing and payment extensions, and the option to file an amended return.

Join me to learn about the various IRS tax benefits and relief measures available to you if you’re ever impacted by a federally declared disaster.

Listen and Subscribe here

In today’s episode, I’m going over the IRS benefits for those affected by federally declared disasters and highlighting the automatic qualification for disaster relief, including filing and payment extensions, and the option to file an amended return.

 

Join me to learn about the various IRS tax benefits and relief measures available to you if you’re ever impacted by a federally declared disaster.

 

Also mentioned in today’s episode: 

  • Casualty losses and amended returns 7:55

  • Disaster declaration numbers and deadline extensions 11:53

  • Non-taxable disaster relief payments 15:44

 

If you enjoyed this episode, please rate, review and share it! 

Links:

Watch YouTube video version

tax return preparation options

  • Eligible individuals or families can get free help preparing their tax return at Volunteer Income Tax Assistance (VITA) or Tax Counseling for the Elderly (TCE) sites. To find the closest free tax help site, use the VITA Locator Tool or call 800-906-9887. Note that normally, VITA sites cannot help claim disaster losses.

  • To find an AARP Tax-Aide site, use the AARP Site Locator Tool or call 888-227-7669.

  • Any individual or family whose adjusted gross income (AGI) was $79,000 or less in 2023 can use IRS Free File’s Guided Tax Software at no cost. There are products in English and Spanish.

  • Another Free File option is Free File Fillable Forms. These are electronic federal tax forms, equivalent to a paper 1040 and are designed for taxpayers who are comfortable filling out IRS tax forms. Anyone, regardless of income, can use this option.

  • MilTax, a Department of Defense program, offers free return preparation software and electronic filing for federal tax returns and up to three state income tax returns. It’s available for all military members and some veterans, with no income limit.

Ways to help WNC Relief efforts:

1. Emergency Relief Fund Grants for Artists

2. The WNC Strong: Rebuilding Together Grant for grant aid to help local WNC businesses survive and rebuild

3. The Sunlight Tax Paypal mutual aid fund. 100% of donations will be given to people I know and love and who need it

4. Love Asheville from Afar: links to WNC businesses that have inventory and would love your support. Please consider Asheville and WNC businesses as you send gifts this fall and for the holidays.

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Mutual Aid: All the Tax Info You Need

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Today, I’m discussing the tax implications of mutual aid funds and how it relates to the context of Hurricane Helene's impact here in Western North Carolina with the creation of PayPals and fundraisers for donations. 

Join me in this important episode to learn how to handle the tax side of mutual aid and how to make sure you’re staying on the right side of the IRS.  

Listen and subscribe here

Today, I’m discussing the tax implications of mutual aid funds and how it relates to the context of Hurricane Helene's impact here in Western North Carolina with the creation of paypals and fundraisers for donations. 

Join me in this important episode to learn how to handle the tax side of mutual aid and how to make sure you’re staying on the right side of the IRS.  

 

Also mentioned in today’s episode: 

  • The importance of documenting gifts with written proof 3:45 

  • Offsetting tax liability 7:29

  • Charitable donations and itemized deductions 12:48 

 

If you enjoyed this episode, please rate, review and share it! 

Links:

Emergency Relief Fund Grants for Artists

The WNC Strong: Rebuilding Together Grant for grant aid to help local Businesses survive and rebuild: https://www.mountainbizworks.org/helene/donate

For Sunlight Tax Mutual Aid donations. I will donate 100% of these funds directly to people in need.

Watch YouTube video version

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Sunlight Podcast Hannah Cole Sunlight Podcast Hannah Cole

Emergency Preparedness Checklist: My Takeaways for You

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In today's episode, I’m sharing the importance of disaster preparedness, and giving you some of the lessons I learned from living through Hurricane Helene so you can be prepared for your own potential disaster. 

Join me in this short and important episode to learn what you need to have and do, to be ready for a natural disaster. 

Listen and Subscribe Here

In today's episode, I’m sharing the importance of disaster preparedness, and giving you some of the lessons I learned from living through Hurricane Helene so you can be prepared for your own potential disaster. 

 

Join me in this short and important episode to learn what you need to have and do, to be ready for a natural disaster. 

 

Also mentioned in today’s episode: 

  • Over preparation and document safety 2:27

  • Emergency supplies you need to have on hand 6:40

  • Device charging and water preparedness 9:50

 

If you enjoyed this episode, please rate, review and share it! 



Links:

Join my Program: https://www.sunlighttax.com/moneybootcampimpact

Hannah's Paypal: https://www.paypal.me/hannahcole1779 

If you want to help the people here, you can donate to the links at the bottom of Arts AVL page

Watch YouTube video version

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Post Hurricane Helene: Art Problems Podcast with Paddy Johnson

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Today, I’m sharing an episode of a podcast I recorded for my friend and fellow artist Paddy Johnson’s podcast Art Problems, where I talk about the severe impact Hurricane Helene has had on my town of Asheville, North Carolina. I’m also sharing some important information on how you can help.  

Listen and Subscribe Here

Today, I’m sharing an episode of a podcast I recorded for my friend and fellow artist Paddy Johnson’s podcast Art Problems, where I talk about the severe impact Hurricane Helene has had on my town of Asheville, North Carolina. I’m also sharing some important information on how you can help.  

 

Also mentioned in today’s episode: 

  • Details of the studio flooding 5:19

  • Initial flood observations 11:13

  • Post flood challenges and community impact 30:00

 

If you enjoyed this episode, please rate, review and share it! 

Links:

Hannah's Paypal: https://www.paypal.me/hannahcole1779 

 Asheville Tea Company

Melissa Weiss pottery

The Autrys (food stylists) 

New Stock Pantry

If you want to help the people here, you can donate to the links at the bottom of Arts AVL page

Watch YouTube video version.

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Sunlight Podcast Hannah Cole Sunlight Podcast Hannah Cole

Emergency Update

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Today, I’m giving you a life update from my home in Asheville, North Carolina after suffering from the devastation of Hurricane Helene. In this episode, I’m also providing some different ways that you can help people directly here in Asheville.   

Listen and subscribe here

Today, I’m giving you a life update from my home in Asheville, North Carolina after suffering from the devastation of Hurricane Helene. In this episode, I’m also providing some different ways that you can help people directly here in Asheville.   

 

Also mentioned in today’s episode: 

  • Hurricane Helene and the effects 1:52

  • Challenges and community spirit 3:10

  • My gratitude and how you can help 4:30 

 

If you enjoyed this episode, please rate, review and share it! 

Links:

Hannah's Paypal: https://www.paypal.me/hannahcole1779 

Asheville Tea Company

Melissa Weiss pottery

The Autrys (food stylists), 

New Stock Pantry

If you want to help the people here, you can donate to the links at the bottom of Arts AVL page

Watch YouTube video version

Read More

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