• Partnership Taxation
• Saving Taxes with S-Corporations
• The Alternative Minimum Tax System
• Idaho Sales Tax for Your Business

• A mileage log with dates, destinations, business purposes, and miles driven. See the example below.
• Receipts including the business purpose for meals and entertainment.
• Phone records indicating who was called and the business purpose, or verification that the phone is used exclusively for business.
• A business travel log indicating nights away from home, the business purpose, and location.
• Square-footage of an office-in-home used exclusively for business.

• Last year’s tax return (if not prepared by our office)
• Social Security numbers and birthdates for children and other dependents

• All W-2s from employers
• Any statements for miscellaneous income from odd jobs, contracts, etc.
• All interest statements from banks (Form 1099-INT)
• Dividend statements from investment companies (Form 1099-DIV)
• Statements of any unemployment insurance received (Form 1099-G)
• Statements of your last year’s state tax refund if you received one
• Any Schedule K-1 received from a partnership, an estate, or S-corporation
• Gambling winnings/losses
• Alimony amounts received/paid
• Social Security statements
• Transaction statements for stocks/bonds you sold during the year (Form 1099-B)
  • The purchase price and date of purchase for any stocks you sold during the year
• Information about any other income you received during the year

• A copy of last year’s business return (if not prepared by our office)
• An income and expenses  (profit & loss) statement with all expenses categorized (Example 1)
• A list of all business assets including cost and date purchased (Example 2)
• A written record of miles driven for business (Example 3)
• Business-use percentage for assets also used for personal purposes, i.e. 75% for business
• Subcontractor names, addresses, SSN and amounts paid
• Amount paid for health insurance premiums
• If you have an office in your home
  • Square-footage of your home and square-footage of your office
  • Amounts paid for home utilities, insurance, repairs, and improvements
  • Purchase date and cost of your home

• Mortgage interest statement (Form 1098)
• Real estate taxes paid
• Mortgage points paid on a new home, paid by the seller, or on a refinance
• The amount you paid for state taxes last year (if you owed state taxes last year)
• Irrigation tax if you do not have access to the water
• Amount of interest paid on student loans
• Record of contributions to any IRA, college savings plan, or Health Savings Account
• Moving expenses if the move was job-related and more than 50 miles
• Expenses for classroom supplies (for teachers only)
• Alimony paid
• Medical expenses – insurance, physicians, hospitals, prescriptions, co-pays, eye exams/glasses
  • Home improvements done for medical reasons
  • Mileage driven for medical appointments
  • Nursing home expenses where medical treatment is main reason for living at that home
• Cash contributions to churches and qualified nonprofit organizations
  • A list, with the fair market value, of items donated to nonprofit organizations
  • Mileage driven for charitable purposes, i.e. driving for church camp
• Job related expenses you were not reimbursed for, such as travel, supplies, education, tools, uniforms, dues, etc.
  • Job hunting expenses such as resumes, travel, phone charges, and employment agency fees.
• Expenses for safe deposit boxes, IRA management fees, investment advice, investment-related publications, and education

• Closing papers for real estate you bought, sold, or refinanced during the year
• Name, address, and Tax Identification Number (EIN or SSN) for child care providers along with amount paid

Example 1.  Business Income & Expenses Summary

	Sales		$ 65,000
	Materials Purchased	$ 22,000
	Contractors Paid	600
	Storage	25
	Equipment Fuel	125
	Cell Phone	1,200
	Total Expenses		$ 23,840
	Net Profit		$ 41,160

Example 2.  Business Assets

Item	Date Purchased	Cost	Business Use %
Computer	1/5/06	$ 2,200	33%
Software	1/6/06	$ 12,450	100%

Example 3.  Mileage Log

Starting Odometer:				26,520
Date	Destination	Miles	Purpose
1/5/06	Office Store	6	Office Supplies
1/5/06	Thompson’s Res.- Kuna	44	Site Survey
1/8/06	Blueprints R Us	15	Pick-up Documents-Markos
1/12/06	Wilson, Harris & Co	12	Payroll Reports

• Tax planning
• Federal and state tax return preparation
  • Personal
  • S Corporations
  • C Corporations
  • Partnerships
  • Trusts
  • Estates
  • Exempt Organizations
• What to bring to a tax appointment
• Recordkeeping

• Bookkeeping
• Financial statement preparation
• Payroll

• Reviewed financial statements
  • Non-profit organizations
  • Small business
• Audited financial statements
  • Government entities
  • Non-profit organizations
  • Bonding statements for the construction industry
  • Small business

• Management & consulting services
• QuickBooks advisory service
• Guest speakers