We didn’t pay any income tax for 1989 and we successfully claimed a refund for the 1988, 1987, and 1986 Federal taxes paid.

Can you imagine? 3 years' worth of taxes -- refunded! In addition, we were able to carry the remaining loss forward for several years!

That's when I started helping friends with their losses. Frankly, some of my neighbors were unconvinced. They didn’t believe that it is possible to get a tax refund for prior years’ taxes.

Time and time again I was told: “That’s not the way the Government works. They never give money back!”

They were wrong!

And they lost out … because they wouldn’t even try!

In my last intervention, I helped a friend with a $1.5 million loss that was accepted by the IRS.

Now I want to help you.

I will share everything I know with you. You will be able to do exactly what I did…and what I helped my friends to do.

I will make your preparation of an IRS claim easy and profitable.

My Home Owner's Guide to Disaster Tax Relief  will help you claim all the benefits the Internal Revenue Code allows U.S. taxpayers.

Follow my Simple instructions and

find out exactly how  

§         You can get a Refund of Prior Years' Taxes

§         You can postpone futur tax payable -- for up to 20 years

No experience required!

You will know exactly what to do

to obtain your

disaster tax relief benefits!

Ms. Toliver,

Having been a recipient of Hurricane Ivan, I found your book to be quite helpful.  I actually ordered it for our library, the Orange Beach Public Library in Orange Beach, Alabama and we are placing it in our collection.  I have ordered an additional copy from Ingram so that the library will have one copy to circulate and one in reference.

 

There were several things included that I would not have thought of, for example the extensive landscaping that is now gone!  I will be filing an Extension since my repairs are not finished (well, I've only barely started) so that I can claim expenses on my 2004 tax return.

 

Thank you for this timely book,

 

Bonnie Lee

Orange Beach Public Library

26267 Canal Road

PO Box 1649

Orange Beach AL  36561

251-981-2923

Fax 251-981-2920

§         You don't have to consult a tax expert before you start preparing …so there is no wasted money

§         You will know exactly what you must prove so there is no wasted time figuring out what you need

Let's look at a few excerpts
from the table of contents

§ 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 such as the Hurricane Katrina area and the New York Liberty Zone following 9/11.

It's not too late! Did you know that you can still claim prior years' losses?

§ How 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.

§ How 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?

§ 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!

Want to see more? Glad to hear it!

Look through the Complete Table of Contents:

1. INTRODUCTION

    1.1 NO EXPERIENCE REQUIRED

    1.2 WHAT'S THIS ABOUT TAX RELIEF?

    1.3 HOW TO USE THIS GUIDE

            Section 1 is about Preparing for a Claim -- the sooner the better!

Section 2 is about Claiming Your Disaster Tax Relief

SECTION 1 - HOW TO PREPARE FOR AN EVENTUAL CLAIM

2.   THE BASICS OF DISASTER TAX RELIEF

    2.1 THE LANGUAGE OF DISASTER

    2.2 WHAT KIND OF DISASTER CAN YOU CLAIM?

    2.3 THE PROPERTY

    2.4 WHO OWNS THE PROPERTY?

    2.5 WHEN CAN YOU MAKE YOUR CLAIM?

            Special Situation #1: Presidentially Declared Disaster Areas

            Special Situation #2: Property in the New York Liberty Zone (same rules as Hurricane Katrina)

            Special Situation #3: Filing for a Disaster Loss in an Earlier Year

    2.6 MEET THE JONES FAMILY

    2.7 ACTION STEP ONE -- ARE YOU READY?

    2.8 A SMALL SIDESTEP ABOUT RECORDS

3.   THE BURDEN OF PROOF

    3.1 HOW TO PROVE A DISASTER LOSS

    3.2 HOW TO PROVE A THEFT LOSS

    3.3 PROVING OWNERSHIP

    3.4 DOCUMENTING YOUR PROPERTY LOSS

    3.5 MULTIPLE EVENTS AND MULTIPLE PROPERTIES

    3.6 THE JONES FAMILY'S PROPERTIES AND CLAIMS

    3.7 ACTION STEP TWO -- YOUR CLAIMS AND PROPERTIES

4. HOW DO YOU VALUE PROPERTY?

    4.1 THE COST OF A PROPERTY

    4.2 ADJUSTMENTS TO THE BASIS OF PROPERTY

    4.3 THE JONES FAMILY'S PROPERTIES

    4.4 THE FAIR MARKET VALUE OF PROPERTY

    4.5 RECOVERED STOLEN PROPERTY

    4.6 HOW TO USE VALUE IN LOSS CALCULATIONS

    4.7 THE FAIR MARKET VALUE OF THE JONES' PROPERTIES

    4.8 ACTION STEP THREE -- YOUR TURN

SECTION 2 - PREPARING A DISASTER TAX RELIEF CLAIM

5.  INSURANCE AND OTHER REIMBURSEMENTS

     5.1 INSURANCE REIMBURSEMENTS

     5.2 EMPLOYER'S EMERGENCY DISASTER FUND

     5.3 CASH GIFTS

     5.4 MAIN HOME DESTROYED OR MADE UNSAFE

     5.5 REIMBURSEMENTS IN A PRESIDENTIALLY DECLARED DISASTER AREA  

     5.6 OTHER PAYMENTS AND REIMBURSEMENTS

     5.7 ACTION STEP FOUR -- YOUR REIMBURSEMENTS

            5.7.1 After a Loss

            5.7.2 Disaster Preparation

6. DISASTER GAIN

     6.1 FIGURING A GAIN

     6.2 DOES THE JONES FAMILY HAVE ANY GAINS?

     6.3 ACTION STEP FIVE -- DO YOU HAVE ANY GAINS?

7. POSTPONING GAINS

     7.1 HOW TO POSTPONE GAINS

            7.1.1 Spending the Reimbursement to Restore Your Property

            7.1.2 Postponing Gain if Your Main Home is Destroyed

            7.1.3 Postponing Gain if Your Main Home is Destroyed in a Presidentially Declared Disaster Area

            7.1.4 Obtaining Property as Reimbursement

            7.1.5 Acquiring Replacement Property

     7.2 REPLACEMENT PERIOD

            7.2.1 Standard Replacement Period

            7.2.2 Main Home in a Presidentially Declared Disaster Area

            7.2.3 Main Home in the New York Liberty Zone

     7.3 EXTENSION OF THE REPLACEMENT PERIOD

     7.4 INFORM THE IRS OF YOUR CHOICE

            7.4.1 Choice to Postpone a Gain

            7.4.2 You acquire replacement property before you file your return

            7.4.3 You acquire replacement property after you file your return

            7.4.4 Substituting replacement property

     7.5 FILING AN AMENDED RETURN

     7.6 CHANGING YOUR MIND

     7.7 REIMBURSEMENT RECEIVED AFTER DEDUCTING LOSS

            7.7.1 Reimbursement LESS than expected

            7.7.2 Reimbursement MORE than expected

     7.8 CALCULATING LOSSES WHEN POSTPONING GAINS

     7.9 ADELE AND HER PARENTS

     7.10 ACTION STEP SIX -- YOUR PERSONAL PROPERTY LOSSES AND GAINS

8. IRS FORMS TO USE

      8.1 WHEN TO DEDUCT A LOSS -- A REVIEW

      8.2 FORM 1040

      8.3 FORM 1040X - AMENDED TAX RETURN

            8.3.1 Filing Form 1040X for a Presidentially declared disaster

            8.3.2 Filing Form 1040X for previous disasters not claimed

            8.3.3 Limitations for filing Form 1040X

      8.4 SCHEDULE A (FORM 1040)

      8.5 FORM 4684 - SECTION A -- FIGURING YOUR DEDUCTION

      8.6 ACTION STEP SEVEN -- YOUR TAX FORMS

9. NET OPERATING LOSS -- THE POT OF GOLD!

     9.1 NET OPERATING LOSS AND WHAT YOU CAN DO WITH IT

            9.1.1 Obtain a tax refund for previous years' taxes

            9.1.2 Carry your loss forward for up to 20 years

            9.1.3 Have it both ways

     9.2 CALCULATING YOUR NET OPERATING LOSS

     9.3 NET OPERATING LOSS CARRYBACK

            9.3.1 The 2-year carryback rule

            9.3.2 Exemptions to the 2-year carryback rule

     9.4 WAIVING THE CARRYBACK

     9.5 CARRYOVER

     9.6 MULTIPLE NET OPERATING LOSSES

     9.7 ACTION STEP EIGHT -- YOUR NET OPERATING LOSS

10. PULLING IT ALL TOGETHER

      10.1 SCENARIOS FOR THE JONES FAMILY LOSSES

            10.1.1 Scenario 1 -- What must be claimed in the

          year of the loss

            10.1.2 Decision -- What to do with a Presidentially declared

          disaster claim

            10.1.3 Scenario 2 -- If in a prior year a Net Operating Loss is

          carried from a previous disaster

            10.1.4 Scenario 3 -- No Net Operating Loss in prior year

            10.1.5 Scenario 4 -- They decide to take all the losses in the      

          year of the loss

     10.2 ADELE'S PARENTS' LOSS

     10.3 ACTION STEP NINE -- HOW DO YOU PULL IT ALL TOGETHER?

11. SUMMARY OF TAX TIPS AND MORE COMMENTS

A complete recipe,

No cooking experience required.

With Home Owner’s Guide to Disaster Tax Relief I have pulled it all together into one comprehensive package that walks you through the entire process of preparing, proving, and submitting your claim. 170 pages devoted to helping you.

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.

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.