John Trapani, CPA

Putting The Pieces Together For You

(805) 497-4411

2975 E. HILLCREST DRIVE

THOUSAND OAKS, CA 91362

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Visit our blog at Accountant For Disaster Recovery

 

For more than 20 years I have assisted taxpayers who have experienced a disaster.

People have found this information so valuable that I established a blog to help people  prepare in advance of a disaster (which, of course, we hope does not occur) and recover from a disaster if they experience one.

Below are recent blog topics and links to the blog articles.

Income Taxes and Disasters — 2012 Year End Summary

Was 2012 a big year for disasters? Well it depends on how you look at it. There were 47 declared disasters in 2012. Fourteen years, starting with 1953 exceeded the 47 count. Ten of the fourteen fell in the period between 2002 and 2011. Three occurred between 1996 and 1999. The first year that exceeded 47 declarations was Read more

Community Workshops on Post-Disaster Tax Matters

News & Advice From a Leading Thousand Oaks CPA

Were you affected by the Rocky, Jerusalem or Valley fires?

I will be speaking to residents at the Middeltwon Twin Pines Casino Event Center, and at the Lakeport City Hall Council Chambers. Local community leaders, realtors, personal finance professionals and income tax professionals are also encouraged to attend.

See the flyer for dates and locations.

John Trapani, CPA

Download the flyer

Thousand Oaks CPA - workshop flyer

Categorized under: Advice For Appraisers, Disaster Tax Services

January 10, 2016

Post-Disaster Income Tax Workshop

News & Advice From A Leading Westlake Village CPA

Are you an appraiser, CPA, attorney or other finance professional who advises individuals and businesses about IRS Casualty Losses?

I will be speaking to tax professionals and appraisers on January 13, 2016 at Marymount College, Lucerne campus about post-diasaster tax matters.  — John Trapani, CPA

Download the flyer for more information.

Thousand Oaks CPA - workshop flyer

Categorized under: Advice For Appraisers, Disaster Tax Services

Disaster Preparedness Resources

Free Resources From One Of Thousand Oaks’ Leading CPAs

Your home is your most important asset and maybe your most valuable asset. When you add the components of shelter and a place where many of your family memories are created, nothing compares. Disasters occur worldwide, hurricanes, earthquakes, fires, tsunamis and volcanic eruptions will not cease. We cannot control nature. It is important to prepare for the physical safety and recovery of yourself and your family. It is also important to be prepared for the recovery process. Read more…

Categorized under: Following A Disaster

July 22, 2015

Professional Course For CPA Colleagues: Disaster Recovery Income Tax Reporting And Income Tax Benefits

Recently, the Director of Education, Hayden Williams, CPA, at the Washington State CPA Society determined that a class on Disaster Recovery issues was needed for his constituent CPAs.

Consequently, we have developed a class for Washington State CPAs:

DISASTER RECOVERY Income Tax Reporting and Income Tax Benefits 

The seminar is tentatively planned to be offered both online and at the Society’s Learning Center in Bellevue, Washington — enrollment date to be determined.

The Washington CPA Society website describes the class as follows: Read more…

Categorized under: Education, IRS Guidance, Tax Advice

October 27, 2014

Tax Advice For Anyone Experiencing A Loss In The Napa Earthquake

For more in-depth advice, visit AccountantForDisasterRecovery.com

Our hearts go out to anyone who has experienced the Sunday morning, Napa Valley earthquake. Although news reports have emphasized that injuries are at a minimum, the extent of property damage is yet to be determined. The area is home for many older historic structures that may not be earthquake safe.

I have spent years studying the tax and financial aspects of recovering after a disaster. My interest in the subject stems in part from having personally experienced a major loss as a result of a large disaster — the 6.7 magnitude Northridge earthquake in 1994.

One thing I learned is that when a disaster strikes, Read more…

Categorized under: Disaster Tax Services, Following A Disaster, Tax Advice
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August 25, 2014

“I Have a Casualty Loss – Will It Prompt An IRS Audit?”

As a local accountant, I have clients in Westlake Village and throughout the Conejo Valley. As we all know, in our area we’re subject to a variety of disasters – fires, floods and good old-fashioned earthquakes.

It’s difficult enough dealing with these disasters – repairing and rebuilding as necessary. If you have good insurance in place, then the job becomes much more manageable. But even with insurance you’re often left with a casualty loss. In this case, one of the common questions I hear is, “Will filing a casualty loss prompt an IRS audit?”

Good question! And the quick answer is – no one knows! No one, that is, outside of the IRS – and they ain’t talking.

Still, we have indications of the process the IRS uses to select audits, and I’ve written more about this on my Accountant For Disaster Recovery blog.

Categorized under: IRS Guidance, Tax Advice
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July 31, 2014

Post-Disaster Tax Tips

Tax Tips For My Friends And Neighbors In Westlake Village, Thousand Oaks And The Surrounding Areas

As an accountant specializing in post-disaster tax tips, I am constantly on the lookout for tips that I can pass along to my friends and neighbors.

I have compiled a Top 10 list of post-disaster tax tips that cover the following: Read more…

Categorized under: Disaster Tax Services
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June 27, 2014

Tips For The Upcoming Southern California Fire Season

Residents of Westlake Village, Thousand Oaks and the surrounding areas face the same fire danger that everyone in Southern California has to put up with.

That’s why, as we observe the early start of fire season in Southern California, we note the need for taxpayers to go into “Recovery Mode” immediately, even as you are evacuating, if there is an imminent fire danger. Here are some tips from our blog — Accountant For Disaster Recovery — and from the United Policyholders website.

If you need to evacuate you home, here is a list of documents you should protect. And it’s always a good idea to prepare in advance by having these documents in one location. Read more…

Categorized under: Disaster Tax Services
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June 13, 2014

Roadmap To Recovery: Post-Disaster Income Tax Issues

During February, 2014 I gave a series of talks in Larimer, Boulder and El Paso Counties, Colorado, detailing disasters and subsequent income tax issues. The following video is from the El Paso County presentation. If you have questions or comments, please call me at (805) 497-4411. Thank you — John Trapani, CPA.

Categorized under: Disaster Tax Services, Following A Disaster, Tax Advice
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February 16, 2014

Colorado Workshop Flyer

Attention Colorado Taxpayers – have you experienced a disaster loss in 2012 or 2013?

John Trapani, CPA is conducting three workshops for Colorado taxpayers, offering assistance for those recovering from fires, floods or mudslides.

Download the flyer for full details.

You may also RSVP for these workshops at UPHelp.org.

Workshop flyer.Feb2014

Categorized under: Disaster Tax Services, Following A Disaster
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January 29, 2014