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| Newsletter — Client Instructions for 2005 |
Thank you for being our continuing client. Our goal is to complete your return within 10 days after we receive your info.
Our nephew Andrew is assisting us with tasks, such as making appointments. We will be scheduling appointments during the following times: Monday, Tuesday and Wednesday from 10 am until 7 pm and Saturday from 9 am until 2 pm. When you call for an appointment, please let us know if it is for investments or taxes, so we can schedule you accordingly.
Please contact us to set up an appointment once you have printed off your checklist from our website and gathered all of your necessary documents. The checklist is on our website.
This what to bring checklist will help you get the maximum deductions possible and will eliminate follow-ups for missing/incomplete data. Here are some actual examples of tax savings achieved by clients who have used the checklist:
- A client paid a loan origination fee of $3400 on her home
purchase. The lender did not send her a 1098. Because she provided me with her settlement statement, I was able to deduct the origination fee, which increased her refund by $825. - A client provided me with his year-end pay stub. It had a disqualifying disposition of stock that was included in his wage, but was not listed on his W-2. The stub allowed him to avoid double tax, once on his wage, once as a capital gain.
- A client, whose pension is exempt from State Income Tax, realized a savings of $725 by giving me the purchase price of his truck, which included $2900 of sales tax. (Itemizers get a deduction for the greater of state income tax or sales tax.)
- A client provided us with her IRA Contribution Info. Since she qualified for the Saver’s Credit, this saved her $200.
- A client provided us with his Long-Term Care Insurance Premiums, which yielded a $4200 medical deduction.
Since I am no longer working in Boulder, we ask that you meet us in our home office. We are 15 minutes from either Longmont or Fort Collins. However, we are planning to make a trip to IBM and will also make a trip to the Denver area.
When your return is finished, we will e-mail, fax or mail your e-file permission forms and an invoice to you.
