Insurance · 08/13/2025

The IRS Procedure No. 2019-31 provides insurance companies with discount factors for unpaid losses and expected recoverable claims from accident years 2018 and prior, aiding in compliance calculations. Effective from 2018, this procedure ensures accuracy in financial reporting within the insurance sector and is influenced by tax laws Section 846 and Section 832, further driving financial stability and risk management for insurance companies.

Insurance · 07/21/2025

Automobile insurance fraud in the U.S. has become increasingly complex, characterized by organized and diverse scam techniques that cause significant losses to legitimate car owners and insurance companies. Common methods include deliberately causing traffic accidents and intentionally damaging vehicles. Drivers should remain vigilant, maintain a safe distance from surrounding vehicles, document accident scene details, and enhance their defensive skills to avoid becoming victims or accomplices of fraudulent activities.

Transportation · 07/17/2025

The guide to car rental in the U.S. covers essential preparations before renting, detailed procedures for picking up and returning the car, traffic rules, safety tips, and accident handling considerations. Choosing the right rental company, understanding insurance types, mastering traffic regulations, and knowing how to refuel and park can greatly enhance the safety and enjoyment of a road trip. Familiarizing yourself with the unique features and regulations of each state ensures a smooth

Taxation · 08/13/2025

This article explores the tax treatment of property losses, covering three scenarios: force majeure events, theft, and deposit losses. It provides professional guidance for taxpayers on how to reasonably report their losses, helping readers effectively cope with the financial impact of unexpected events.