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Community Assisting Recovery, Inc.

“Survivors Helping Survivors” • 888-216-8264 • carehelp.org

 

Index:

This Week’s Meeting Schedule: See Below

Insurance/Recovery Tip: ...Scanning Receipts

CARe Update: ...................Meetings in San Diego County

Disaster Recovery: ............Oakridge Mobile Home Park residents make do during Christmas     

Insurance Industry: ...........Allstate gets OK to hike homeowner insurance in California

Disaster Prepared: ............Check your supplies regularly

Disaster News: ……............Southern California fire chiefs debate stay-and-defend program

Quote of the week: .......….by Plato

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This Week’s Meeting Schedule:

Date

Time

Topic

Location

Wed, Jan 21, 2009

6:30 PM

Tax issues for insurance settlements, maximizing your insurance recovery and SDG&E update

Ramona Recovery Center - 1710 Montecito Rd

Ramona CA 92065

Thu, Jan 22, 2009

6:30 PM

Holiday Inn - 17065 West Bernardo Drive,

San Diego CA 92127

Sat, Jan 24, 2009

10:00 AM

Fallbrook Community Baptist Church

731 S Stagecoach Ln, Fallbrook CA

 

Insurance/Recovery Tip:

Scanning Receipts

Ever since our fire in 2003, I’ve been obsessed with scanning everything. I’ve started scanning samples of my kids school work, pictures people give me, any bills or statements that can’t be retrieved online (although that is significantly less than a couple of years ago) and receipts. Yes, receipts.

I think before the fire you would’ve thought this was insane (and maybe some of you still do) but as soon as I got fed up with paper (about 2006) I started scanning every receipt I got. For two years I’ve been scanning everything on my flatbed scanner, but this past year I got busy and I have an entire years worth of receipts piled up on my desk just begging to be scanned. I dreaded the thought.

It was then that I decided to break down and buy a receipt scanning system from Neat Co. It’s a tiny little scanner (about 10.5x1.5x1.25) that is powered solely by a USB cable (a selling point on it’s own if you want to scan on the road). It comes with it’s own custom software called NeatReceipts. It “reads” the receipt and enters the information in a proprietary database that allows you to organize your receipts very nicely. The OCR software isn’t 100% perfect, but it’s close enough. I sat down, installed it and did almost ½ of my pile in just one evening.

By the way, the IRS has allowed the use of digital records (including scanned receipts) since 1997 and Rev. Proc. 97-22 (see page 9, column 2 of the linked document).

One thing that is starting to make me a little upset is the sales tax category. It automatically reads how much sales tax is on each receipt and puts the amount in it’s own category. I’m not upset at the software, but the amount of money I’m spending on sales tax (and sales tax on gas is not called out on the receipt)!!! It’s disturbing, but it might also be helpful when you go to take the sales tax deduction on your taxes.

Something like this might also be very helpful when tracking things like a large insurance claim. For example, if you’re tracking all of your replacement items to get the depreciation holdback, this software allows for you to organize your receipts, total them and print them back out. It even squeezes more than one receipt per page if the receipts are small enough to do so. If you can print to PDF from your computer you can print and email them to your adjuster or tax preparer.

Although there are a few quirky things about this scanner, all in all I think it’s another great way to keep organized.

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CARe Update:

Meetings in San Diego County
This week our meetings will concentrate in the San Diego area. Topics will include:

  • Tax issues for insurance settlements
  • Maximizing your insurance recovery
  • SDG&E update

Please see the above grid for times, dates and locations. Hope to see you there!

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Disaster Recovery News:                   

Oakridge Mobile Home Park residents make do during Christmas
December 25, 2008

Jody Miller is doing her best.

The only tree she could squeeze into the temporary apartment she is sharing with her husband this Christmas was too tiny to decorate. So she strung up lights above the fireplace, pinned stockings to the front door and lined up three glowing reindeer on the patio wall.

http://www.latimes.com/news/local/la-me-oakridgexmas25-2008dec25,0,3901216.story

Check for “Ashes of Oakridge” from Jan 3 http://www.scpr.org/programs/offramp/

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Insurance Industry News:                  

Allstate gets OK to hike homeowner insurance in California
Allstate gets OK for 6.9% rate increase
January 6, 2009

California Insurance Commissioner Steve Poizner has granted a request from Allstate Insurance for a 6.9% increase in its rates for homeowner coverage, according to the state Department of Insurance.

http://www.latimes.com/business/la-fi-briefs6-2009jan06,0,6356876.story

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Disaster Prepared:

Check your supplies regularly

Tip from the Red Cross, from their tip of the day on iGoogle:

“Go through your calendar now, and put a reminder on it — every six months — to review your plan, update numbers, and check supplies to be sure nothing has expired, spoiled, or changed. Also remember to practice your tornado, fire escape or other disaster plans.”

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Disaster News:

Southern California fire chiefs debate stay-and-defend program

January 13, 2009                                 

Fire chiefs in tinder-dry Southern California, faced with lean budgets while more people squeeze into the region, are starting to rethink long-standing policies on ordering mass evacuations in a wildfire, debating whether it may be wiser in some situations to let residents stay and defend their homes.

http://www.latimes.com/news/local/la-me-firefighting13-2009jan13,0,2201880.story

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Quote of the Week:                   

“We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light.”

                 - Plato

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Community Assisting Recovery, Inc.

19360 Rinaldi Street, PMB 220, Northridge CA 91326
www.carehelp.org
888-216-8264