Have you experienced a disaster loss in 2012 or 2013?
John Trapani, CPA will be speaking in three Colorado cities on February 11, 12 and 13, 2014, covering topics of interest to those who experienced a disaster loss in Colorado in 2012 or 2013.
RSVP for these workshops at www.uphelp.org/RSVP
The recovery staffs of Larimer County, Boulder County, and El Paso County are organizing the meetings. 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
Residents of Larimer, Boulder and El Paso Counties, Colorado, are invited to attend the meetings below:
Larimer County
Loveland Senior Center – Cherry Room, (Located behind Chilson Rec. Center), 700 East Fourth Street, Loveland CO
Tuesday, February 11, 2014
6:30 pm to 8:30 pm
Boulder County
County Courthouse, 1325 Pearl Street, Commissioners Hearing Room, 3rd Floor
Wednesday, February 12, 2014
6:30 pm to 8:30 pm
El Paso County
Centennial Hall Auditorium, 200 S. Cascade Ave., Colorado Springs
Thursday, February 13, 2014
6:00 pm to 8:00 pm
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.
Incident Descriptions:
Severe Storms, Flooding, Landslides, and Mudslides: 9/14/13 – Number 4145
Black Forest Wildfire: 7/26/13 – Number 4134Royal Gorge Wildfire: 7/26/13 – Number 4133
High Park And Waldo Canyon Wildfires: 6/28/12 – Number 4067
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
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.