Natural disasters and other unexpected events can result in the loss of important financial, tax, and property records. Reconstructing those documents may be necessary not only for tax purposes, but also when applying for federal assistance or submitting an insurance claim.
For taxpayers affected by a disaster, there are several places to turn when important records have been damaged, destroyed, or lost.
Tax transcripts can help taxpayers recover information from previously filed federal tax returns. One of the most commonly needed records following a disaster is a tax return transcript.
Taxpayers can obtain transcripts in several ways:
Taxpayers requesting documents by mail should keep in mind that delivery can take several days, so online access may be helpful when records are needed quickly.
Banks and credit card companies frequently maintain historical statements that customers can access online or request directly.
These records can help taxpayers reconstruct purchases, payments, charitable contributions, property expenses, and other financial activity that may be relevant for taxes or insurance claims.
When receipts or other documentation are no longer available, taxpayers may need to use alternative records to establish the value of personal property.
Helpful documentation can include:
Creating an inventory of damaged or lost items as soon as possible can also make it easier to organize information for insurance and tax purposes.
Several sources may be available to help homeowners reconstruct records related to real property.
Taxpayers who need to establish the value of a damaged or destroyed vehicle can research its approximate fair market value using reputable vehicle valuation resources.
The dealership where the vehicle was purchased may also be able to provide a copy of the original purchase contract or other records.
Taxpayers located in federally declared disaster areas may qualify for special IRS tax relief, including additional time to file returns or make certain tax payments.
The IRS may display personalized disaster-relief information through an individual's IRS Online Account. Taxpayers can also review IRS disaster announcements to determine whether additional filing or payment deadlines apply to their area.
Replacing lost financial records can feel overwhelming after a disaster, but taxpayers do not necessarily have to recreate everything from scratch. Banks, government agencies, contractors, attorneys, lenders, and other organizations may all have copies of important information.
If you have experienced a casualty or disaster and need help understanding how lost records, property damage, or available tax relief may affect your tax situation, Porte Brown's tax professionals can help you evaluate the next steps and navigate the applicable tax requirements.
Source: IRS Tax Tip 2026-67
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