Testing the Hypothesis, Part 1


Opportunity: Residents of areas affected by Hurricane Michael have now received disaster tax relief, however most residents do not have the capabilities to process the due diligence necessary to claim the relief.

The Who:  Residents of Hurricane Michael affected areas that have been declare a Federal Disaster Area

The What:  Residents are unable to process and perform all of the due diligence necessary to claim the tax relief.

The Why:  The amount of documentation required by the IRS to claim the relief can be overwhelming.

Hypothesis:  I believe that with the proper team and technology residents can process and maximize their disaster tax relief.

Interviews Findings:
1.      Most residents of the affected area agree that the task to collect all of the information necessary to file for tax relief is dauting.
2.      More than ½ feel like they don’t even know where to begin.
3.      All residents fear that even with the documentation that they “think” they need, they will still not have “all” that they need when an IRS audit occurs.
4.      All of the interviewees welcomed the idea of a team that could help with maximizing their relief and putting lost money back into their pockets.

Comments

  1. Mia IrwantoFebruary 9, 2020 at 2:37 PM

    Hi Shannon,
    Your post was really informative. I did not realize that there were so many steps that we would have to go through just to claim the relief. I do understand that the IRS would want to take precautions when it comes to tax relief because if they did not make sure that each person claiming this relief did not provide the necessary information, then it could become a free-for-all. I think it would also be great if there was a team that would go around and help all those who were affected to make sure that they are getting the help that they need.

    ReplyDelete
  2. JosephFernandesFebruary 10, 2020 at 9:41 AM

    Hey Shannon,
    I found the opportunity you are pursuing to be a very noble one, and I commend you for that. I didn't know that there are still residents in Hurricane Michael affected areas that still need to claim relief. It doesn't surprise me, however, since trying to complete paperwork issued by the government and waiting the necessary time is always a hassle. I'd be curious to see what your interviewees had to say, good work on this post.

    ReplyDelete

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