Mindy Rankin Featured in U.S. News & World Report Article
Mindy Rankin, CPA, CCD, a Member in the Tax Division of the firm’s Panama City accounting and advisory office, was recently featured in a U.S. News & World Report article.
U.S. News & World Report reaches more than 40 million people every month and is dedicated to helping consumers, business leaders and policy officials make important decisions by providing independent reporting, rankings, journalism and advice.
In the article What to Know About Taxes After a Disaster, tax experts discussed how people can use disaster loss deductions on their 2024 tax returns to help cover potential losses caused by Hurricanes Helene and Milton.
The article’s contributors recommended acting immediately to gather or reconstruct tax records. They also discussed the specific cases where hurricane damage could qualify as tax deductions, how to reconstruct tax records and how disasters affect tax deadlines.
Rankin emphasized the importance of tracking down information as soon as possible and offered advice for people affected by the recent storms:
“We went through Hurricane Michael in 2018 in Panama City, where I live. We basically had to calculate casualty losses on every single tax return. Go ahead and start reconstructing your tax basis now.”
Mindy Rankin has more than 19 years of public accounting experience. Mindy’s primary responsibilities include preparing financial statements for construction contractors that need bonding, preparing various tax forms for clients and providing QuickBooks training and instruction to small businesses.
Mindy has extensive experience assisting businesses affected by natural disasters with tax-related disaster calculations. She also serves on the AICPA’s Disaster Tax Relief Task Force.
Learn more about Mindy Rankin and our Panama City CPAs and advisors.