Hurricane Sandy – FEMA Disaster Declarations

Hurricane Sandy – FEMA Disaster Declarations

Updated November 06, 2012

October 30, 2012, New York and selected counties in New Jersey were declared federal disaster areas. There declarations open up the federal tax code benefits to taxpayers who have experienced this tragic event.

FEMA 10-30-2012 Declares Major Disasters

SANDY: FEDERAL DISASTER DECLARATIONS  (DR)

As Of November 5, 2012

(Only Selected Counties)

http://www.fema.gov/disasters

New York Hurricane Sandy        (DR-4085) 10-30-2012

New Jersey Hurricane Sandy    (DR-4086) 10-30-2012

Connecticut Hurricane Sandy   (DR-4087) 10-30-2012

Rhode Island Hurricane Sandy (DR-4089) 11-  3-2012

Our best wishes go out to all who are dealing with this tragic event. The citizens and the those who are responding to the needs of the people who have been displaced, impacted and physically and emotionally affected by this huge event.

All rights to reproduce or quote any part of the chapter in any other publication are reserved by the author. Republication rights limited by the publisher of the book in which this chapter appears also apply.

	JOHN TRAPANI
	Certified Public Accountant
	2975 E. Hillcrest Drive #403
	Thousand Oaks, CA 91362
	(805) 497-4411       E-mail John@TrapaniCPA.com
	Website: www.TrapaniCPA.com
	Blog: www.AccountantForDisasteRrecovery.com
	It All Adds Up For You

This material was contributed by John Trapani. A Certified Public Accountant who has assisted taxpayers since 1976, in analyzing and reporting transactions of the type covered in this material.  

Internal Revenue Service Circular 230 Disclosure

This is a general discussion of tax law. The application of the law to specific facts may involve aspects that are not identical to the situations presented in this material. Relying on this material does not qualify as tax advice for purpose of mounting a defense of a tax position with the taxing authorities

The analysis of the tax consequences of any event is based on tax laws in effect at the time of the event.

This material was completed on the date of the posting

© 2012, John Trapani, CPA,

HURRICANE SANDY – NO DISASTER DECLARATION YET

HURRICANE SANDY – NO DISASTER DECLARATION YET
Updated November 06, 2012

As of October 29, 2012, (9:30 EDT) the FEMA website shows that the President has issued “Emergency Declarations” for nine states. The “Emergency Declaration” makes federal money available to local governments. But this is not a “Disaster Declaration.” Only a “Disaster Declaration” makes special tax benefits available to individual citizens and non-governmental organizations such as businesses. 

Here is a list of the Declarations:

Declaration Type: Emergency Declaration

Incident Description: Hurricane Sandy

Date of Declaration: 10/28/2012 and 10/29-2012 and then additional states were added 10/30/2012:

EM Number	Declaration Date	State
3349	10/28/2012	Maryland
3350	10/28/2012	Massachusetts
3351	10/28/2012	New York
3352	10/28/2012	District of Columbia
3353	10/28/2012	Connecticut
3354	10/28/2012	New Jersey
3355	10/29/2012	Rhode Island
3356	10/29/2012	Pennsylvania
3357	10/29/2012	Delaware
3358	10/29/2012	West Virginia
3359	10/29/2012	Virginia
3360	10/30/2012	New Hampshire

This information came from the FEMA website: http://www.fema.gov/disasters/grid/year/2012?field_disaster_type_term_tid_1=6840.

You can check that website as the situation develops and actual damage is wrought on the North East portion of the country.

All rights to reproduce or quote any part of the chapter in any other publication are reserved by the author. Republication rights limited by the publisher of the book in which this chapter appears also apply.

	JOHN TRAPANI
	Certified Public Accountant
	2975 E. Hillcrest Drive #403
	Thousand Oaks, CA 91362
	(805) 497-4411       E-mail John@TrapaniCPA.com
	Website: www.TrapaniCPA.com
	Blog: www.AccountantForDisasteRrecovery.com
	It All Adds Up For You

This material was contributed by John Trapani. A Certified Public Accountant who has assisted taxpayers since 1976, in analyzing and reporting transactions of the type covered in this material.  

Internal Revenue Service Circular 230 Disclosure

This is a general discussion of tax law. The application of the law to specific facts may involve aspects that are not identical to the situations presented in this material. Relying on this material does not qualify as tax advice for purpose of mounting a defense of a tax position with the taxing authorities

The analysis of the tax consequences of any event is based on tax laws in effect at the time of the event.

This material was completed on the date of the posting

© 2012, John Trapani, CPA,