IRS Tips For Disaster Planning

The IRS identified several steps that individuals and businesses should take as safeguards to protect themselves against losses from natural disasters. Many don’t think of planning for a natural disaster until it’s too late. Here is what the IRS recommends.

  1. Create an electronic set of backup records
  2. Document valuables with photographs or videotapes, stored safely offsite
  3. Keep an updated emergency plan on file, and, for businesses, a disaster recovery plan which outline what to do and how to resume operations after a natural disaster.

Taking these few basic steps will make getting things back in order after a natural disaster simpler and quicker.