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.
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
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.
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…
Our hearts go out to anyone who has experienced theSunday 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…
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.
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…
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.