ASSISTANCE FOR COLORADO TAXPAYERS

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 11^th to 13^th, 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.