DAVID  S.  BABOIAN,  CPA          

2009 YES/NO Questionnaire

 

Time saving instructions:

1)      Skip doing a questionnaire for a young child’s tax return.

2)      Skip entire sections that do not apply to you.

3)      Please complete at home at least 1 week prior to your appointment.  You may need time to contact 3rd parties for missing information.

4)      If you have a question on a line item, star it *** and we can discuss at your appointment.

5)      When there is a blank area to be completed ($_____), please supply the amount on the questionnaire itself rather than writing “see attached”.

6)      When supplying dollars and mileage, don’t supply round numbers such as 1,000 which makes it appear to the IRS that you haven’t kept records. Use actual amounts, not guesstimates.

7)      Printed reports vs. computer files…  Quickbooks files are welcome for business or rental activities.  Otherwise, it is preferred that you print at home and bring the reports along to your appointment. 

8)      If you choose to skip this questionnaire… please sign the last page and bring the blank questionnaire to your appointment which acknowledges that you are filing at your own risk of missed deductions.

9)      Please sign and date the questionnaire at home.  Only one signature is needed per married couple.

 

 

YES        NO         

General:

___          ___          Did your address change?

 

_X_         ___          What municipality do you live within? (Township or Boro) _________________________ .

 

___          ___          Did you incur moving expenses due to a change in employment?  You must move at least 50 miles unless military.  Students moving at least 50 miles to their first full-time job may qualify.

 

___          ___          Was there a birth, traditional adoption, special needs adoption, marriage, divorce, or death in your family that affect your tax return?  Note: Social security numbers are necessary for all dependents.  Call 800-772-1213 to apply.

 

___          ___          FREE TAX RETURNS… Are you a repeat client who served in Iraq or Afghanistan for any part of 2009?

 

___          ___          Do you need an out-of-state tax return prepared (any state other than PA)?  This potentially affects your Federal, PA, and Local returns.  Due to the added complexity, all clients requiring out-of-state tax returns will be processed as extension clients after 04/15/10.  Accordingly, you should schedule a tax appointment now for after 04/15/10.  Note: clients in states that do not require state tax returns are not affected (Florida, Texas, etc.)   

___          ___          Did you or your spouse receive a one-time $250 economic recovery payment in 2009 that was paid to social security recipients, railroad retirement recipients, and certain veterans?  If you can’t recall, then please contact your respective agency for confirmation.  SSA checks should have arrived in May 2009.    (Making Work Pay Credit)

 

___          ___          Did you or your spouse receive a pension or annuity in 2009 for past services performed as a Federal, State, or local government employee from work not covered by social security?  

(Government Retiree Credit; n/a for pension or annuity reported on W-2 rather than 1099R)

 

Dependents:

___          ___          Do you have a dependent child, grandchild, foster child, brother, sister, or any of their children under age 17 at 12/31/09?  

 

___          ___          Were any of your unmarried dependent children age 19 or older at 12/31/09? 

If yes, please answer the following question:

___          ___          ……..Was your child under age 24 at 12/31/09 and a full-time student for some part of 5 individual months?

 

___          ___          Did you pay day-care expenses for a child under age 13 or for a physically or mentally impaired dependent so that you and your spouse could earn a living or attend school full-time?  Please provide year-end statements from each daycare provider with their tax ID#.  No overnight camps.  Include 100% of schooling before kindergarten level.  Available to custodial parents only.  Include housekeeper or cook if hired in part for the well-being of your child.

 

___          ___          Do you have children under age 24 at 01/01/09 with interest, dividends, and capital gains over $500 for 2009?  Ignore earnings from Sec 529 Qualified Tuition Programs.  (Kiddie tax $1900, 01/01/10: <18; 18 yr olds who don’t provide >50% of own support with earned inc; f/t students <24 who don’t provide >50% of own support with earned inc.)

 

Investments:

___          ___          Did you sell or transfer any stocks, bonds, or mutual funds?

                                Please bring form 1099-B and “cost basis summary” from your investment advisor.  The “cost basis summary” includes the purchase date and purchase price for each item sold.  Note: often transfers of stock or mutual funds within a brokerage account are actually the sale of one investment and purchase of another.  Even if you did not receive any cash from the transaction, you may have a taxable gain or loss.  Form 1099-B lists these taxable transfers, if they exist.        (0% = 2008-2010)

 

___          ___          Did you cash U.S. Savings Bonds?  Please bring 1099 forms given by bank.

 

___          ___          Did you own investments that became worthless… not sellable for even $1?

 

___          ___          Did you close-out any of your 529 college savings plans and suffer a significant loss?

 

___          ___          Did anyone owe you money which became uncollectible during 2009?  NOT  unpaid business income or rents.  NOT loans to relatives.  NOT loans without loan documents. 

 

___          ___          Did you discover a theft loss during 2009 due to a fraudulent investment scheme? (theft loss rules)

 

___          ___          Did you pay an early withdrawal penalty on a CD?

 

___          ___          Did you borrow money in order to invest and pay margin interest expense?

 

___          ___          Did you sell insurance stock during 2009 given to you by your insurance company?

 

___          ___          Did you have a financial interest in, signature authority, or other authority over foreign bank accounts, foreign investments, or other foreign financial instruments exceeding $10,000 in aggregate. 

(form TDF 90-22.1 due 06/30th;  form 3520)

 

 Retirement Plans & IRA’s:

___          ___          Did you withdraw funds from a retirement account or IRA?

 

___          ___          Are you a retired public safety employee (police, fire, etc.) age 50 or older with a distribution from a government pension plan?  (no 10% penalty, annual $3k exclusion if direct payment for health, accident, or LTD insurance).    

 

___          ___          Did you or will you contribute to a 2009 IRA before 04/15/2010?

                                Circle: traditional IRA, Roth IRA, SEP IRA

                                Provide amounts:   Taxpayer $________       Spouse $________

                                Note:  By request, we can process your tax return with various IRA amounts and call you to discuss the result from each scenario before you make your final IRA decision.  The additional fee is $10.

 

___          ___          Did you contribute to a 2009 employer retirement plan, 401k, etc.?

                                (2k max*rate, S<27,750 / HH<41,625 / MFJ<55,500, >17, not ft student, not dependent)

 

___          ___          Did you cash in all existing Roth IRA’s or Traditional IRA’s during 2009 and incur a loss? (need 8606 basis)

 

___          ___          Did you transfer funds directly out of your IRA to a qualified charity?  Up to $100,000 qualifies as non-taxable if taxpayer is age 70 ½ or older.  The distribution counts toward your minimum distribution requirement.  No benefit can be received by you for the donation…  such as a free membership. 

 

Retirement Age / Disabled taxpayers:

___          ___          Were you or your spouse legally blind?

 

___          ___          Were you or your spouse 70 1/2 or older at 12/31/09 and owners of an IRA? (Note: 2009 RMD waived)

 

___          ___          Are you over age 64 or permanently disabled at 12/31/09 with taxable disability income?   (elderly / disabled credit,  S<17,500 / MFJ<20k one spouse eligible / MJF<25k both spouses eligible)

                               

___          ___          PA Property Tax/Rent Rebate… Are you a homeowner paying real estate taxes with $35,000 or less of household income (only include ½ of Social Security and ½ of Railroad Tier 1 income)?  Or are you a tenant paying rent with $15,000 or less of household income (only include ½ of Social Security and ½ of Railroad Tier 1 income)?  Visit www.papropertytaxrelief.com or call 888-222-9190 to obtain your PA Property Tax/Rent Rebate claim form and for free assistance.  Various resources are available to prepare this form FOR FREE.  Call for more information… PA Dept of Aging 783-1549; PA Dept of Revenue District Office 783-1405; various senior centers, and state Legislator’s offices.  If you need my help, our office prepares this form for a fee of $99.  But I suggest that you instead take advantage of one of the FREE options.  You will need paid property tax receipts (or cancelled check copies and bill copies), all income source documents (W-2’s, 1099’s), 2009 Federal or PA tax returns, signed Landlord statement, any existing lease agreement as applicable. The filing deadline is 06/30/10 but is usually extended to 12/31 each year by the governor.  If you qualify, your rebate of $250-$650 will be issued after 07/01/10.      

 

Itemized Deductions:

 ___         ___          Did you have a loan secured by a boat, camper, or R.V. with living, bathroom, cooking, and sleeping quarters?

 

___          ___          Did you refinance a mortgage or obtain a home equity loan in 2009?  Please bring the HUD-1 settlement sheet whether you paid points or not since many times additional deductible property taxes are listed on the HUD-1.  Also note that some home equity loans don’t have a HUD-1 settlement sheet.  When in doubt, bring your entire folder of loan papers. 

 

___          ___          Did you pay Private Mortgage Insurance (PMI)? 

(mortgages originating after 2006)(AGI phaseout 100-110k)(valid 2007-2010) 

 

___          ___          Did you own a vacation time-share and pay related loan interest or real estate taxes?  You can deduct the real estate portion of the maintenance fees, but only if your time-share reports this amount to you in writing each year.  If necessary, call your time-share company before your tax appointment

 

___          ___          Did you pay the $10 or $52 occupation tax… referred to as either LST, EMST, or OPT? 
Taxpayers with multiple employers may have paid more than once.  Please bring your final 2009 paystub(s) since this tax is rarely listed on the W-2 form.                      Taxpayer $_______   Spouse $_______

 

___          ___          Did you pay other personal or per capita taxes? (usually $5-$20 and paid by check)  Please bring receipts.

 

___          ___          Did you keep a detailed record of 2009 sales tax paid?  If not, we will use IRS tables to calculate.  However, still provide the sales tax paid on significant 2009 purchases of motor vehicles, aircraft, boats, mobile homes, or home building materials for do-it-yourself projects.  $_______.  This amount can be added to the IRS table amount.

 

___          ___          Did you have a large property loss due to a sudden and unexpected event (storm, fire, or theft) that was not reimbursed by insurance/lawsuit which resulted in a loss exceeding 10% of your income? 

 

___          ___          Did you pay significant medical expenses including dental, vision, hearing, & insurance?  Must exceed 7.5% of your income.  Ask about including medical payments for others not claimed as dependents on your tax return… a) children of divorce  b) elderly family, domestic partners, or others living in your home where you provided more than 50% of their financial support.  Medical miles driven:  ________.

                                (dependent other than AGI rule)  

 

___          ___          Do you have proof of your charitable contributions?  New… even the smallest monetary donation requires a detailed receipt or bank statement or credit card statement or paystub.  Unsubstantiated cash donations are NO LONGER ALLOWED.  Also, donated clothing and household items must be in at least “good” used condition in order to deduct. 

 

___          ___          Did you have charitable contributions?  Only use those that satisfy the above rules.   

                                Qualified cash and check donations for 2009 (requires records)   $_________.   

                                Clothing & household donations for 2009 (requires good condition & records) $_________.

                                Charity miles driven:   _________.

 

___          ___          Did you make a cash donation 01/12/2010 to 02/28/2010 for Haiti earthquake victims?   $________    

 

___          ___          Did you inherit an IRA or annuity from an estate that has already paid Federal estate tax on the same?  Generally, this only applies to large estates over $2 million.     

  

W-2 Employee Expenses (not in business for yourself):

___          ___          Did you have job related mileage (other than to and from work) not reimbursed in full by your employer... errands, between buildings, overnight travel, from main job to 2nd job (Federal deduction only), from home to temporary work locations?   Provide # miles: ______.

 

___          ___          Did you have un-reimbursed employee education or seminar expenses?  Please indicate whether the education was a) to maintain & improve your current job skills (2106) or b) to prepare you for a new profession (lifetime learning credit). Provide Tuition:$______ Books & supplies:$______  # miles: ______.

 

___          ___          Did you have other job related expenses that were not reimbursed in full by your employer?  Circle: union dues, uniforms purchased, uniforms laundry & maintenance, safety clothing & equipment, work supplies, reference materials, dues & subscriptions, tools, insurance, license, tolls & parking, computer & related toner/paper/disks, telephone, meals, overnight travel, luggage, business gifts, office decor, job hunting, expenses to overcome work impairments for the disabled, legal fees to protect your income.

 

___          ___          Did you maintain a home office for the convenience of your employer and as the only office available to conduct substantial administrative activities?  To qualify, your employer cannot have a local office available to you.  Please complete the Business Use of Home section later in this questionnaire.

 

___          ___          Are you a kindergarten through 12th grade teacher, instructor, counselor, principal, or classroom aide who works at least 900 hours per school year?      

 

___          ___          Are you in the transportation industry and subject to the Dept. of Transportation's hours of service rules (trucking, rail, airlines = 80%)?  New… tax court ruled that truck drivers must actually stop for sleep break in order to deduct standard meals allowance.         

 

___          ___          Are you a performing artist employee that receives a W-2…  musician, dancer, juggler?  (2+ w-2’s, agi < 16k)       

 

___          ___          Are you State or Local government official paid on a fee basis rather than salary…  such as a tax collector?       

 

___          ___          National Guard / Reserves…  Did you have unreimbursed travel expenses while traveling more than 100 miles away from home?  (test=100 miles one way).    Provide # miles: ______  Meals $_______  Hotel $______.  

 

___          ___          Military/National Guard / Reserves…  Did you have active duty pay while working/training out-of-state?  Or did you have PA active duty pay related to a PA declared emergency?  Please bring orders with dates and locations.

 

Education:

___          ___          Did you cash U.S. Savings Bonds (series EE or I) in parent’s name issued after 1989 and use the money for college expenses for yourself or your dependents?

 

___          ___          Did you pay student loan interest?    (60-75k/120-150k agi)

 

___          ___          Did you make contributions to a Sec 529 Qualified Tuition Program such as PA’s TAP?  Please provide information below.  Skip social security numbers for children listed on your tax return. ($13k max per child, per spouse, by 12/31)

 

                                T / S    Student Beneficiary ______________________  SS# ______________  2009 contributions $________ 

 

                                T / S    student Beneficiary ______________________  SS# ______________  2009 contributions $________ 

 

                                T / S    student Beneficiary ______________________  SS# ______________  2009 contributions $________ 

 

 

___          ___          Did you pay for higher education (post high school) tuition & fees for yourself or your dependents?  Include amounts paid by student loans.  Include amounts paid by the student.  Please bring form 1098-T (IRS tuition statement) for each school attended. 

Please provide…  Tuition paid: $____________*       Books, supplies, computers: $____________         

 

If yes, please answer the following 3 questions:

___          ___          ……..Was student at least 1/2 time for at least one academic period?

 

___          ___          ……..Had student completed 4 years of undergraduate credits at 01/01/10? (American Opportunity Ed. Credit)

 

___          ___          ……..Has student already claimed the Hope credit on 2 tax returns?

 

* a. Reduce amounts by reimbursements from financial aid, employers, military, etc.

   b. Limitations apply for students convicted of a drug felony before 01/01/10. 

 

 

Business & Rental Property Owners:

Corporate clients can skip this entire section if you have already given me 2009 income, expenses, mileage, etc. at your corporate tax appointment earlier this year.

___          ___          Are you a home improvement contractor?  PA requires you to register.   888-520-6680 for more info. 

 

___          ___          Do you offer a health insurance plan to your employees?  PA businesses with 2-20 employees are subject to mini-COBRA and must offer continuation of benefits to laid off employees.  Contact your health insurance provider.

  

___          ___          Did you participate in the 2009 65% COBRA subsidy for any of your employees?  If yes, the payroll tax credits on your 941 payroll tax forms need to reduce your company paid health insurance premiums.

 

___          ___          Did your business receive more than $10,000 in cash for a single transaction (or group of related transactions)?   Cash = cash, cashier’s check, bank draft, wire transfer, traveler’s check, money order.  Form 8300 within 15 days.

  

___          ___          Did you operate a vacation rental property with an average rental period of 7 days or less?   (motel rules)

 

___          ___          Did you operate a rental property which you used personally for the greater of… more than 14 days; or more than 10% of the total days rented? Don’t include maintenance, cleaning, condition inspections, administrative as personal use days.

 

___          ___          Did you receive rent payments for use of your home for 14 days or less (tax-free loophole)?

 

___          ___          Are you using Quickbooks?  Please bring your Quickbooks backup file and do not input again until I return the file. Do not use Accountants Review Copy.  Do not use Portable Company File.  I will need to know your password and Quickbooks version such as Quickbooks Pro 2009 (found by pressing F2 in most versions).        

 

___          ___          Did you have rental mileage?    Provide # rental miles: ______      

Provide total miles driven in 2009 (all miles including personal miles): ________ 

 

___          ___          Did you have business mileage?    Provide # business miles: ______

Provide total miles driven in 2009 (all miles including personal miles): ________

 

___          ___          Does your business manufacture, grow, extract, install, develop, improve, process/change products in the U.S?   Includes manufacturing, new construction contractors (not landscapers), engineering, architects, equipment rentals of self-created or self-processed property, film & audio production, software design except databases, graphic design, etc.   Does not include retail sale of food & beverages.

 

___          ___          Did you pay interest on a vehicle loan for a vehicle used partly for business or rentals?  Please call your bank before your tax appointment, etc. for the amount of 2009 interest expense paid $________.  The amount is not found in your coupon book and changes each year.  If you want to deduct, you must call your lender.

 

___          ___          Did you pay 2009 interest on business credit card charges?   Please call your credit card companies and provide $_______.  Note: Don’t include 2009 credit card payments in your 2009 expenses.  Instead only include the new 2009 credit card charges.  This amount may be higher or lower than the actual payments. 

 

___          ___          Did you pay health, long-term care, or cancer insurance premiums for yourself & dependents?  Don’t include months you were eligible to participate in an employer’s subsidized plan for same type of insurance.  $_______.

 

___          ___          Did you purchase at least 50 gallons of un-dyed fuel for generators, tractors, chain saws, backhoes, or other off-road equipment? _____ gallons unleaded. _____ gallons diesel.    (NOT for autos & trucks, NOT for rental properties)

 

___          ___          Did you pay rent to lease commercial space (office, storage, etc.) and pay for building improvements? (15 yrs)

 

___          ___          Did you own a restaurant property and pay for building improvements? (15 yrs)

 

___          ___          Was the business owner under age 65 and collecting social security?

 

___          ___          Are you a farmer receiving Conservation Reserve Program (CRP) payments and also receiving Social Security?  (No se tax on CRP)

 

___          ___          Did you pay startup & admin. costs to establish a new retirement plan during 2009? (form 8881=$500)

 

___          ___          Do you own a food & beverage business with tipped employees?  (form 8846)

 

___          ___          Are you a self-employed musician selling self-created compositions?  (capital gain treatment)

 

___          ___          Does your 2009 business income include notary fees? (no se tax)

 

___          ___          Did your business increase accessibility for disabled employees or customers by removing barriers, modifying equipment, modifying walkways, etc.?  (form 8826)

 

___          ___          New…  Heroes Earnings Assistance Tax Act… Did your business voluntarily pay an employee differential wages while they were away on active military duty?  (form 8932, 20% credit)(06/18/08-2009)

 

___          ___          Are you in the business of building highly energy efficient residential homes that are certified to save 50% in heating/cooling costs via formulas provided by Residential Services Network (RESNET) publications 05-001 and 06-001?  ($2k/$1k) 

 

___          ___          Have you installed highly energy efficient improvements to a commercial building or rental property as part of a certified plan to save 50% in total annual energy costs? (max expense $1.80 per sq foot)

 

___          ___          Did you use biodiesel fuel in the operation of your business or farm? ($1/gallon credit form 8864)

 

___          ___          Did you file a PA Use Tax return during 2009 (form PA-1)?  Use tax is another word for sales tax that a vendor did not charge you due to internet purchase, mail-order purchase, or vendor error.  PA has sent letters to most business regarding this issue.  Non-business persons are also subject to this tax.  No license is required.

 

___          ___          Has your business reported losses for more than 3 consecutive years?  (Local issue)

 

___          ___          Are you subject to the Harrisburg Mercantile tax (i.e. Hbg City work)?

 

___          ___          Business Use of Home.  Did you use part of your home exclusively for business either to 1) meet with clients on a regular basis, or 2) store inventory, or 3) as a paperwork base when no substantial administrative or managerial activities were performed by you at another fixed location? 

 

Use actual amount of bills paid during the period your home was used for business.  In other words, you don’t have to do any percentage calculations.  Just use the full amounts that you paid.

 

1) home utilities... don’t include phone, cable, or internet here…                  $__________

                                     these expenses are deductible, but elsewhere.

                                     (electric, gas, oil, water, sewer, trash, coal, firewood)

 

                                2) home repairs & improvements:

1.        to the office/storage/business area                              $__________

 

2.        to remainder of home including personal areas        $__________

 

                                3) home insurance                                                                                         $__________

                                     (homeowners, fire, flood, renters, pmi - private mortgage insurance)

 

                                4) miscellaneous                                                                                            $__________

                                     (home rent, homeowners association dues, cleaning, security)

 

                                5) Wait…  you can skip this question 5) if you claimed home office deduction in the prior year.

                                                a. # rooms used for business                                                           __________.

                                                b. total # of rooms                                                                           __________.

                                                                (Room count should use average size rooms.  For example a small bathroom counts as 1/2 room and a large finished basement counts as 2 rooms.  Count all finished rooms that use heat & electric.  Exclude garage.)

                                                c. Amount you paid for your home plus home improvements over the

                                                   years (don’t include your own labor)(appraised value is not relevant).  $__________.

 

Home Purchases and Sales:

___          ___          Did you purchase a home in 2009?  Please bring HUD-1 settlement sheet.

If yes, please answer the following 2 questions:

___          ___          ……..First-Time Homebuyer Credit… Did you buy a primary residence during 2009… and did you (and your spouse if married) not own any other primary residence during the 3-year period ending on the purchase date?  Please bring a copy of your purchase HUD-1 settlement sheet with signatures of all parties.  Newly constructed homes require a copy of the certificate of occupancy if no HUD-1 is available.  Mobile home purchases require a copy of the retail sales contract signed by all parties if no HUD-1 is available (must include all info usually on HUD-1).    To qualify… home must be your primary residence located in the U.S., purchase date must be during 01/01/09-04/30/10 (military abroad have 1 extra year)(use move-in date for new construction), you cannot have owned a primary residence during the 3 years prior to purchase, income must be under $95k for singles and under $170k for married couples for purchases before 11/07/09, income must be under $145k for singles and under $245k for married couples for purchases 11/07/09-04/30/10, must use newly purchased home as principal residence for 3 years,  cannot be a non-resident alien, property cannot be acquired by gift or inheritance, property cannot be acquired from a related party, primary mortgage financing cannot be from tax-exempt mortgage revenue bonds.  Effective for homes purchased after 11/06/09… purchase price can not exceed $800k, filer can not be claimed as a dependent on another person’s tax return, taxpayer and spouse must be at least age 18,  no electronic filing of your tax return is allowed--  ask Dave about the amended method.  For Dave only…(lesser of 10% of purchase or S/MFJ=$8,000, MFS=$4,000)(Form 5405)(Phaseouts… S/MFS/HH 75-95k (125-145k), MFJ 150-170k (225-245k)).  

 

___          ___          ……..Long-Time Resident Homebuyer Credit… Did you buy a primary residence on or after Nov. 7, 2009… and did you (and your spouse if married) reside in your old home for 5 consecutive years during the 8-year period ending on the purchase date?  Please bring a copy of your purchase HUD-1 settlement sheet with signatures of all parties.  Also bring form 1098 mortgage interest form or tax records or insurance records for each of the 5 years of residency.  Newly constructed homes require a copy of the certificate of occupancy if no HUD-1 is available.  Mobile home purchases require a copy of the retail sales contract signed by all parties if no HUD-1 is available (must include all info usually on HUD-1).  No electronic filing of your tax return is allowed--  ask Dave about the amended method.  …(lesser of 10% of purchase or S/MFJ=$6,500, MFS=$3,250)(

 

___          ___          Did you sell a home in 2009?  Please bring HUD-1 settlement sheet.   

If yes, please answer the following 4 questions:

___          ___          ……..Did you use the home sold as your principal residence for at least 2 of 5 years before the sale?

 

___          ___          ……..Did you sell another home within the 2 year period prior to sale?

 

___          ___          ……..Did you sell a home that was used for business/rental?

 

___          ___          ……..First-Time Homebuyer Credit recapture…Did you sell a home that you had previously used to take the 2008 First-Time Homebuyer Credit ($7,500 re-payable loan).  Early repayment required if property is sold or no longer is used as primary residence, zero repayment required if taxpayer dies, reduced repayment allowed if your outstanding balance exceeds any gain on sale of the home, divorce results in the spouse living in the home being fully responsible for repayment.

 

Other Income:

___          ___          Did you collect unemployment during 2009?  Please bring UC 1099-G tax form.   ($2,400 exclusion) 

___          ___          Did you receive non-taxable military combat zone pay?    (EIC)(refundable child tax credit)

 

___          ___          Did you receive alimony during 2009?  $________.     Do not include child support.

 

___          ___          Did you receive other taxable income not reported to you on a tax form?  Circle: jury duty, legal awards, unreported tips exceeding $20/month, prizes, awards, gambling winnings, election volunteer pay, non-taxable State/Local rebate to EMS workers, debt cancellation/forgiveness (form 982).

 

Other Deductions & Credits:

___          ___          Did you purchase a new motor vehicle (not used) from 02/17/09-12/31/09?…  passenger auto, light truck under 8,500 lbs, motorcycle, or motor home   Please bring receipt showing sales tax.

(49,500 max; S=125-135, MFJ=250-260)

 

___          ___          Did you pay property taxes in 2009?  Even minimal amounts are now deductible for those that don’t itemize deductions.  Up to $500 for single filers.  Up to $1,000 for married filers.  Please bring property tax bills.

 

___          ___          Did you pay alimony during 2009?  $________.     Do not include child support.  Provide recipient’s name and social security number unless we already have on file from previous year.

 

___          ___          Did you purchase a new hybrid gas/electric vehicle or alternate fuel vehicle (hydrogen, methanol, natural gas) in 2009?  Leased autos are no longer eligible.  Please provide:  Purchase date________     Year, make,  & model _____________________ .

 

___          ___          Did you make energy efficient improvements to your home that were installed in 2009?  Please keep your purchase receipts and the manufacturer’s certification that the product qualifies for this tax credit.   

 

                                NONBUSINESS ENERGY PROPERTY CREDIT (valid for 2009 and 2010)

                                1)   30% energy efficiency improvements:

                                Circle: Insulation, exterior windows & skylights, exterior doors, coated metal roof, asphalt roof with cooling granules.  This category excludes installation costs. 

 

                                2)   30% qualified residential energy property:

                                Circle: heat pumps, central air conditioners, water heaters, newly added for 2009 is a stove using biomass fuel such as wood to heat air or water (energy efficient building property)

                                Circle: gas furnace, propane furnace, oil furnace, hot water boiler.

                                Circle: advanced main air circulating fan used in a gas or oil furnace.

 

                                Note: overall max is $1,500 credit for all years 2009-2010;  manufacturer’s paperwork should indicate whether energy efficiency qualifies for the tax credit;  must be principal residence;  in USA.

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                                RESIDENTIAL ENERGY EFFICIENT PROPERTY CREDIT (through-2016)

                                1)   30% improvements (include installation costs for all):

                                Circle solar energy electric generating property (main or 2nd home), solar water heating property (main or second home).  Excludes swimming pool property.  max = unlimited starting in 2009.

                                Circle fuel cell property (main or 2nd home).  max = $500 per half kilowatt of capacity.  

                                Circle geothermal heat pump property (main or 2nd home).  max = unlimited starting in 2009.  

                                Circle small wind energy property (main or 2nd home).  max = unlimited starting in 2009.  

 

___          ___          Did you contribute to an HSA health savings account?  Not to be confused with the HRA flexible spending accounts commonly available through most large employers.  HSA’s require high deductibles of at least $1,150 for self-only coverage and $2,300 for family coverage.  Contribution deadline is 04/15/10.      

                                (Fed & PA)(must be <65)(max deduction = $3000/5950)(catchup = $1000 if age 55 at 12/31)

 

___          ___          Are you on a bankruptcy payment plan & paying off deductible taxes, etc.?

 

___          ___          Did you receive Trade Adj. Assistance (TAA) or Pension Benefit Guaranty (PBGC) benefits and pay for your own health insurance?  If these terms are unfamiliar, check no.  Please bring proof of eligibility paperwork. (Form 8885) 

 

Miscellaneous:

___          ___          New small business penalty relief…  Was more than 50% of your 2008 (not 2009) Federal gross income from a small business that you owned with less than 500 employees?             (safe harbor is 90%)

 

___          ___          Did you elect to receive COBRA continuation health coverage (35% of premium) during 2009 as a result of an involuntary termination of employment?     (S<125K, MFJ<250k)      

 

___          ___          Were you, your property, or your children attending college… located in a Federally declared disaster area during any part of 2009?  Which disaster? ________________________________ 

 

___          ___          Did you mail quarterly estimated tax payments for 2009?  Please provide dates and amounts below. 

                                Federal:                                  Pennsylvania:                       Local:

                                Date         Amount                   Date         Amount                  Date           Amount

 

1st qtr-04/15/09        _______  _________              _______  ________               ________   ________

2nd qtr-06/15/09       _______  _________              _______  ________               ________   ________

3rd qtr-09/15/09       _______  _________              _______  ________               ________   ________

4th qtr-01/15/10        _______  _________              _______  ________               ________   ________

 

 

 

___          ___          Did you pay $1,700 or more to a household employee (e.g. live-in nanny, live-in maid)?

 

___          ___          Did you claim the 2008 (not 2009)First-Time Homebuyer Credit ($7,500 re-payable loan) on your 2008 tax return?  Repayments start on the 2010 tax return.

 

___          ___          Are you behind in child support, taxes, student loans, etc. that may cause a portion of your tax refund to be seized by the IRS?  (Form 8379) 

___          ___          Has the IRS audited you and disallowed future Earned Income Credits?

 

___          ___          Did you receive IRS notices, etc. concerning prior year tax returns?

 

___          ___          Are you a new client for 2009 tax returns?  Who referred you? ______________________________________   NEW CLIENTS ONLY… You should also print and complete the one page “New Client Basic Information Questionnaire” from this same section of our web site UNLESS YOU HAVE PREVIOUSLY PROVIDED US A COPY OF YOUR 2008 TAX RETURNS at a prior meeting with me.

 

For Dave’s use only:

_X_         ___          Allow Fed penalty. 2008 total tax = _____________   2008 AGI = __________

_X_         ___          Allow PA penalty.  2008 total tax = _____________   2008 AGI = __________

___          ___          AMT: certain home equity interest (if not for acquisition or improvements) $_________.

___          ___          AMT: exercise of incentive stock options? (new info return from employer)

___          ___          Travel & entertainment deductions… client reports they have receipts/mileage records.

___          ___          Inventory other than incidental supplies.  Client reports they have records.

___          ___          Misclassified worker given W-2…  form 8919 to pay fica tax, requires 1 of 7 criteria. 

___          ___          New joint Sole-proprietorship…  2 C’s, 2 SE’s, additional $69 fee

___          ___          M80’s email list

 

                   AGREEMENT FOR TAX SERVICES

The below signed taxpayer (“TAXPAYER”) has engaged David S. Baboian, CPA, PC (“DSB, CPA”) to prepare 2009 Federal, State, and Local income tax returns.  Fees are calculated on a fixed price basis based upon complexity and required hours to complete.  PAYMENT IN FULL IS DUE AT TIME OF PICKUP.  In the event of human or mechanical error, DSB, CPA will correct the error at no charge and pay any resulting penalties. TAXPAYER agrees that all information supplied for use in the preparation of 2009 income tax returns is correct and complete. TAXPAYER agrees to review completed tax returns to verify no omissions or misstatements of material facts exist that understate TAXPAYER’s tax liability. 

 

Taxpayer or Spouse Signature: __________________________________________                        Date:  _______

 

For DSB, CPA: __David S. Baboian, CPA___________________                                                Date:  01/19/10