As a result of the recent flood disasters in Texas, flood victims may be eligible for financial assistance from various nonprofit organizations. Although these payments are generally not taxable, the filer is required to report them. CPAs are needed to assist filers to understand and to help prepare their tax returns properly. CPAs, if you would like to help flood victims, please contact community outreach programs to offer your assistance. The Texas Society of Certified Public Accountants has disaster recovery tax resources available on their website. Thank you for your support!
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