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

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

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

Providing Specialized Consultation Services For Tax Professionals

Providing Specialized Consultation Services for Tax Professionals

At the offices of John Trapani CPA, we work with tax professionals in variety of ways. As a Thousand Oaks, California-based accountant, I of course work personally with clients in Thousand Oaks, Westlake Village and throughout the Conejo Valley. I also consult by phone with clients nationally, calling on my expertise in disaster recovery and tax issues related to disaster recovery.

We offer services to tax professionals for advice, interpretation, application and reporting. We can work directly Read more…

Categorized under: Disaster Tax Services, Tax Advice
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July 28, 2013

Your Accountant for Disaster Tax Services

Advice From Your Accountant For Disaster Tax Services

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.

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

Categorized under: Disaster Tax Services, Following A Disaster
Tags: ,

April 17, 2013