Business Law
Business Law News 2020, Issue 2
Content
- California Enacts Solution to Fund Utility Wildfire Liabilities
- Disaster Resources Help the Survivors of California's Wildfires
- Regulatory Information for Attorneys Impacted by the California Fires
- 2018-2019 Commercial Law Developments
- Standing Committee Officers of the Business Law Section 2019-2020
- Business Law News Editorial Team
- Executive Committee of the Business Law Section 2019-2020
- Business Law News Table of Contents
- Executive Committee: Message from the Chair
- Message from the Issue Editor
- State and Federal Tax Deductions for Wildfire Losses
- Hot off the Presses: California Further Regulates Out-of-State Adjusters in the Wake of Record-Breaking Catastrophic Losses
- Damages in Wildfire Litigation
State and Federal Tax Deductions for Wildfire Losses
Kenneth W. Minesinger, J.D. and Kenneth George, Ph.D.
Kenneth Minesinger is a business lawyer and professor in Riverside. He currently serves the California Lawyers Association on the Health and Wellness Committee and on the Board of Editors of the Business Law News.
Kenneth George is a former Fortune 50 company executive and licensed investment advisor. He moved to academics eight years ago and works as a finance professor teaching undergraduate through doctoral level classes.
State and federal income tax codes have long recognized a deduction for casualty and theft losses generally, and for losses sustained on account of wildfires specifically. This article will provide business lawyers with a summary of California state and federal law in this area.