Later, in 1997 the damages
from a re-awakened volcano gave me a lot more experience. Eventually in
2002, I helped a friend with a $1.5 million loss. And each time I helped
someone, I learned something
Several of my neighbors were
skeptical. They didn’t believe that the IRS provides disaster tax relief to
individuals, that it is possible to get a tax refund, or that we can postpone
capital gains from insurance reimbursements.
Several of my neighbors were skeptical. They didn’t believe that the IRS provides disaster tax relief to individuals, that it is possible to get a tax refund, or that we can postpone capital gains from insurance reimbursements.
“That’s not the way the Government works. They never give money back!”
Are these skeptics ever wrong!
And they lost out …because they wouldn’t even try!
For someone who is willing to give it a go, consider this example... taken from the experience of another "average" person...
A neighbor lost her home when the volcano in Montserrat came back to life. The house was located on the east side of the island, at the foot of the volcano, in a declared evacuation zone, covered with ash, nearly invisible. (Both the volcano and the evacuation zone are still in effect today!) She had a total loss and was very poorly insured.
It took quite a bit of convincing, but she finally submitted a claim for disaster tax relief in her tax return. She was amazed when a few months later she received a refund for 3 years' worth of Federal tax paid …and she still had enough of a loss to eliminate taxes for several years to come.
Recently, with the increasing number of disasters in the U.S.A., a friend (who has benefited from my advice) suggested that I write a book and help other disaster victims claim all the benefits the Internal Revenue Code allows U.S. taxpayers.
Let me emphasize that with the
Home Owner's Guide to Disaster Tax Relief
You DO NOT have to fill out tax forms.
But, if you wanted to ….you could.
The Guide is your entry point to a true disaster tax relief package. The entire book supports you with a step-by-step, blueprint approach to preparing for your tax benefits and finding out about all the choices you have.
The IRS even allows you to change your mind if you don't like the choice you made!
The answers are what make
the difference between your general tax guide and my book. I am
determined to help you prepare a well documented tax return that brings you all
the benefits the IRS allows. If I could make that leap...
15 years of research and experience.
In my Home Owner’s Guide to Disaster Tax Relief, you
will instantly benefit by having knowledge that took me years to
….and prepare all the required documentation.
A complete recipe,
No cooking experience required.
And then -- whether you have a loss or a gain…
What's more, this is the stuff
that works -- but I'll also help you
avoid the mistakes, so you won't have to go through all the money-sucking
experiences with tax software and unhelpful advisors and consultants.
Home Owner's Guide to
Disaster Tax Relief
the only book of its kind!
While the general tax guides might devote 12 pages to explaining how to prove and calculate your disaster loss, this book -- all 170 pages of it -- is devoted to helping
· disaster victims -- like YOU
· all U.S. taxpayers be better prepared for a future disaster.
All you have to do is read it. And follow it. Step-by-step. If you do, I guarantee you will be able to Prepare and Take Advantage of All the Benefits the IRS Allows.
at a few excerpts
§ What kind of losses can you claim?
A whole list of the losses the IRS allows (or NOT) and the special situations like the Presidentially declared disaster areas and the New York Liberty Zone.
It's not too late! Did you know that you can still claim prior years' losses?
§ How do you prove your losses?
What you must have to document your loss. Ready to use worksheets help you start an inventory of your losses. You will know how to claim multiple disasters, multiple properties, and multiple owners.
Your claim will be so well documented that you won't have to worry about an audit. And this is where preparation really pays off.
§ Can you prove the dollar value of your loss?
How can you prove the cost of your lost or damaged properties? Which experts should you consult to get the fair market value of your properties?
§ What reimbursements do you have to declare?
Not all reimbursements or reconstruction funds are treated the same way under the Internal Revenue Code. Do you know which ones you don't need to declare?
§ Do you know the many ways you can postpone your gains?
Yes…there is such a thing as a disaster gain. And if you are not careful…and don't know what to do…you will be paying income tax on these gains right now. (This chapter alone can save you thousands of dollars!)
§ Do you know all the choices the IRS allows?
Not only do you have choices, you don't have to decide right now, when you are under so much stress. You don't have to worry about making irreversible decisions right away…because the IRS allows you to change your mind! Legally…as long as you notify them. MAKE THE DECISIONS, NOTIFY THE IRS…OR YOU MAY PAY ADDITIONAL TAXES!
§ Which IRS forms do you need to use?
The 4 forms you must know about even if you use a tax software or a tax expert. These tax forms work together. You will know how to use these forms and you will not be completely dependent on an outside expert to understand how you can get the most benefits from the different tax forms.
§ When should you use a tax expert or another consultant?
After you have your loss (or gain) information, I suggest you review the choices in the Guide and discuss your best options with a reliable tax expert. There is a list of potential consultants that can help you with all aspects of your preparation and your disaster loss on this web site.
Want to see more? Glad to hear it! For the entire Table of Contents, click here.
Incidentally, there's something even this Table of Contents doesn't fully show. And that's the 17 Money-Saving Tax Tips that are sprinkled throughout the book. For example: If you use a tax software … I will show you how to avoid a trap that WILL COST YOU!
Day One, the Home Owner's Guide
to Disaster Tax Relief puts
you light years ahead of my own starting point. And, if my friends and I
were able to prepare and organize successful tax relief documentation, I know
I know there are thousands, maybe hundreds of thousands of people who can use Home Owner's Guide to Disaster Tax Relief successfully.
With Home Owner's Guide
to Disaster Tax Relief you have the know-how, and you
have the tools.
In addition to my book, you receive …..
….an essential packet of NOTICES TO THE IRS.
While the IRS gives you a large number of choices, it likes to be kept informed. You will want to use several of these notices as you file your tax return for this year, for past years…and -- if applicable -- for the years to come.
If you consult a tax expert, make sure that the proper notices are included with your tax return(s).
…tax Forms and Publications You Can Consult
The same ones I used to compile this book. Just in case you want to double check on something.
…automatic enrollment in our unique Disaster Tax Relief e-zine.
You'll get more advice, latest news from the IRS, recommendations from tax pros. If you don't want it you can unsubscribe ….at any time.
That's it! No matter what you need to prepare for or complete a successful disaster tax claim, you will find everything right here.
If you ever decide you don't like
If the Home Owner's Guide to Disaster Tax Relief and the rest of the Disaster Package isn't everything that you expect, ask for your money back. I am only allowed to give you a 90 day iron-clad guarantee….but
…if you are not satisfied at
any time, just let me know. No reason needed. No questions asked.
Now also consider...
More than it costs,