ASSISTANCE FOR COLORADO TAXPAYERS RECOVERING FROM FIRES, FLOODS,
AND MUDSLITES
FREE EDUCATIONAL
WORKSHOPS
“POST DISASTER TAX
MATTERS”
John Trapani, CPA will be speaking to people who
experienced disaster losses in 2012 and 2013. He will be in three cities during
the week of February 11th to 13th, 2014.
The
meetings are being organized by the recovery staffs of Larimer County, Boulder
County, and El Paso County. A consumer advocacy group, United Policyholders
(UP) has been instrumental in planning and organizing these meetings.
The meetings
will be in the evening and will cover topics including:
Income tax benefits and reporting responsibilities that
can help and hurt people who experienced a disaster loss
Major questions that will be discussed include:
Is there a loss or a gain? Tax year to claim a loss? Sell
& buy or rebuild?
Documenting and claiming insured and uninsured losses
Tax consequences of insurance settlements, SBA loans, FEMA
grants, etc.
Special rules for federally declared disasters
Determining your cost basis for damaged property
Larimer,
Boulder, and El Paso Counties, Colorado
Here
are the meeting dates, times and locations:
Date
|
Time
|
County
and Location of Meeting
|
||
Tuesday,
February 11, 2014
|
6:30
pm to
8:30
pm
|
Larimer County
Loveland Senior Center – Cherry Room
(Located behind Chilson Rec. Center)
700 East Fourth Street, Loveland
|
||
Wednesday,
February 12, 2014
|
6:30
pm to
8:30
pm
|
Boulder County
County Courthouse
1325 Pearl Street
Commissioners Hearing Room, 3rd Floor
|
||
Thursday,
February 13, 2014
|
6:00
pm to
8:00
pm
|
El Paso County
Centennial
Hall Auditorium
200
S. Cascade Ave.
Colorado
Springs
|
Please RSVP for these
workshops at www.uphelp.org/RSVP
Who
should attend?
If you
had property damage resulting from one of the following Federally Declared
Disasters you will receive important income tax information that will assist
you in your recovery process.
Number
|
Date
|
Incident Description
|
4145
|
9/14/13
|
Severe
Storms, Flooding, Landslides, and Mudslides
|
4134
|
7/26/13
|
Black
Forest Wildfire
|
4133
|
7/26/13
|
Royal
Gorge Wildfire
|
4067
|
6/28/12
|
High
Park And Waldo Canyon Wildfires
|
These
meetings are being coordinated and organized through the efforts of the
following:
Community
Foundation of Northern Colorado
BOULDER
COUNTY, Garry Sanford
Long Term Flood Recovery Group of
Boulder County
LARIMER
COUNTY, Suzanne Bassinger
EL
PASO COUNTY, County Commissioners: Sallie Clark, Darryl Glenn, Peggy Littleton
Recovery Manager: R. C. Smith
Public Information Staff: Dave
& Nancy
WALDO
CANYON FIRE VOLUNTEERS
“UP”
PERSONNEL & VOLUNTEERS including Kerri Olivier
Other
fires that caused significant damage affected many taxpayers. If you had damage
from a fire, flood, mudslide or other severe winter weather, you are also
welcome to attend one of the meetings to gather important information on how
the tax laws affect your recovery. Below is a list of other significant events
during 2012 and 2013:
Number
|
Date
|
Incident Description
|
5030
|
6/21/13
|
East Peak Fire
|
5031
|
6/21/13
|
West Fork Fire Complex
|
5022
|
10/23/12
|
Wetmore Fire
|
2985
|
6/24/12
|
Weber Fire
|
2975
|
3/26/12
|
Lower North Fork Fire
|
JOHN TRAPANI assists both
taxpayers directly and advises taxpayers’ tax professionals.
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.
© 2014, John Trapani, CPA,
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
|
||
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.
