FOR IMMEDIATE RELEASE  Feb. 4, 2014  Contact: Katie Arrington, Flood Recovery Specialist, 303-441-1609

Residents invited to post-flood income tax workshop Feb. 12

Boulder County, the Long-Term Flood Recovery Group and United Policyholders host this free workshop

Boulder County, Colo. – Residents whose homes were damaged or destroyed in the 2013 Flood, or local tax and personal finance professionals are encouraged to attend the workshop on Feb.12. Attendees will hear from disaster tax expert John Trapani, CPA.

The workshop will help residents navigate their income tax options following a major disaster:

When: Wednesday, Feb 12, 6:30-8:30 p.m. – Boulder County Courthouse, 1325 Pearl St., Commissioners’ Hearing Room, 3rd Floor

RSVP: www.UPhelp.org/RSVP

The workshop will cover several topics including:

• Income tax benefits and reporting responsibilities that can help and hurt people who experienced a disaster loss
• Major questions to be discussed:
  • Is there a loss or gain? What tax year should you claim a loss? Sell 7 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

Attendees will have the chance to ask questions during a Q&A session.

For more information about the workshop, visit www.accountantfordisasterrecovery.com or call Kerri Oliver at kerrioliver@nullgmail.com.

–BoulderCounty.org–