ANNOUNCEMENT OF SERVICES TO TAX PROFESSIONALS DEALING WITH DISASTER RECOVERY REPORTING

ANNOUNCEMENT OF SERVICES TO TAX PROFESSIONALS DEALING WITH DISASTER RECOVERY REPORTING

For several years I have offered professional assistance to my fellow professionals who find themselves in a position of having to assist clients in the process of reporting the tax affects of a disaster event. I wrote a comprehensive text that covers the complete federal income tax aspects of the disaster recovery process. That text has been used in a full-day continuing education (CPE) presentation offered in 2008 to 2010. That presentation was scaled down to a one hour CPE presentation that has been presented to CPAs in Los Angeles and Conejo Valley.

Hundreds of homeowners have listened to a half-hour presentation on disaster preparation that I offer along with a 26 page booklet that the audience can use to prepare their home and family for a disaster.

On October 25, 2012, I will be presenting the income tax aspects of disasters (a further consolidation of my one hour presentation) as part of an American Institute of CPAs Webcast.

I deal with disaster issues all the time. My practice in this area is not a casual, temporary or one-time involvement. I am announcing today a formal service to tax professionals to assist them with support services. Tax Professionals, look over the new tab: “Tax Professionals.”

TAX PROFESSIONALS CAN BE CONFIDENT…

If you are a Tax Professional, you can be confident that my assistance to you and your disaster client is a service provided to you on a confidential basis; your client does not need to know that you have requested consultative support in assisting your client. Many Tax Professionals want their clients to know they have brought in a consultant who has hundreds of tax returns in his past dealing with disasters. They are glad to have a Certified Public Accountant who has reviewed many returns prepared by other tax professionals; a Certified Public Accountant who brings that experience to the consultation at hand.

CLIENTS…

Clients of tax professionals, you are entitled to tax return reporting of your disaster that is the properly reports your situation, that is comprehensive and is supported by appropriate evidence and documentation. For a discussion of how things can go wrong, see these posts in this log:

Date Posted		Topic
8/24/2012		WHAT... YOU DID NOT REPORT INSURANCE PROCEEDS
7/6/2012		PERILS OF DISASTER TAX REPORTING ERRORS
11/21/2011		WAS IT A CASUALTY LOSS OR AN INVOLUNTARY CONVERSION GAIN
9/12/2011		DON'T RUSH TO DEDUCT!

I look forward to working with tax professionals as well as individual clients.

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,