In IR-2021-101, the Internal Revenue Service reminded everyone about National Hurricane Preparedness Week and National Wildfire Awareness Month. With the risk of a hurricane, tornado, flood, earthquake or fire disaster this summer, it is an excellent time to update your emergency plan.
Your physical security is a good starting point for your plan. With a hurricane or flood, there is often advanced warning, allowing affected individuals to move to a safe location. However, tornados, wildfires and earthquakes occur with little or no warning. It is important to designate a secure location and prepare an emergency evacuation plan in the event of a natural disaster.
An emergency plan should also include methods to protect your important documents and information.
1. Securing Your Key Documents The original documents for your tax returns, birth certificates, deeds, vehicle titles and insurance policies should be kept in a waterproof container in a secure space. It is also helpful to make copies of these documents and save those in a different secure location. Another option is to...More