SlideShare uma empresa Scribd logo
1 de 7
Baixar para ler offline
503 FIRST AVE NORTHEAST
                                                                                   MINNEAPOLIS, MINNESOTA 55413
          FOX TAX PLANNING AND PREPARATION                                                    PHONE: 612.824.2829
                                                                                                 FAX: 612.331.3670
                                                                                       WWW.FOXTAXSERVICE.COM




                       WHAT TO BRING TO APPOINTMENT

                       DO NOT FORGET
INCOME
    W2s

    1099s: 1099-R (Retirement Distributions)
           1099-INT (Interest Income)
           1099-DIV (Dividend and Capital Gain Income)
           1099-B (Stock Proceeds) - Please check to see if all sales have corresponding cost info
           1099-MISC (Self Employment Income - ALSO FILL OUT BUSINESS INCOME/EXPENSE
           WORKSHEET)
    SSA (Social Security Income)
    99G (Unemployment Received)
    Alimony Received
    1099-A and 1099-C (Debt Cancellation and Property Foreclosures)
    Rental Income – FILL OUT RENTAL WORKSHEET
Did you have > $10,000 in foreign assets at any time during 2011? Please bring info on income and account values
    Yes          No
* If you accept credit cards from customers, we need new Form 1099-K from Credit Card Processing Company.



DEDUCTIONS/CREDITS
    1098-T (Tuition Statement for College Education)
    Proof and Cost of all Energy Efficient Home Upgrades-See energystar.gov for more info
    Bring all Adoption Papers and proof of expenses for new Adoption Credit
    Charitable Donations - Receipts are needed for all Charitable Donation Deductions Now
    Form 1098 Mortgage Interest Paid
    1098-E Student Loan Interest Paid



OTHER IMPORTANT ITEMS
    Settlement Statements for any Sale, Purchase or Refinance of properties
    Signed Release of Exemption Form 8332 if you are claiming a child that does not live with you.
    Signed Engagement Letter and Filled out Worksheets (keep scrolling to find those!)
    Tax CD from last year
    Copy of last year’s taxes (if new client)

    For Corporations: Don’t forget to bring Year End Balances on all Accounts and Loans. If you have
    Quickbooks or other accounting software, you can email this ahead of appointment
    Employers: If you hired a formerly unemployed person in 2010 and kept them on payroll for > 12 months,
    bring information on their payroll for a special credit in 2011.
    Please Check here if you'd like to make a donation to the Nongame Wildlife Fund.
    Amount to Donate: $ ______________
503 FIRST AVE NORTHEAST
                                                                                                              MINNEAPOLIS, MINNESOTA 55413
            FOX TAX PLANNING AND PREPARATION                                                                             PHONE: 612.824.2829
                                                                                                                            FAX: 612.331.3670
                                                                                                                  WWW.FOXTAXSERVICE.COM

                                    DO NOT FORGET - BRING TO APPOINTMENT

  Date
  Taxpayer Name                                                    Spouse’s Name
  Address
  City                                                             State                                   Zip


SUBJECT: Preparation of Your 2011 Tax Returns

Thank you for choosing Fox Tax LLC to assist you with your 2011 taxes. This letter confirms the terms of
our engagement with you and outlines the nature and extent of the services we will provide. In order to
ensure an understanding of our mutual responsibilities, we ask all clients for whom returns are prepared
to confirm the following arrangements by signing below.
  We will prepare your 2011 federal and requested state income tax returns. We will depend on you to provide the information we
  need to prepare complete and accurate returns. We may ask you to clarify some items but will not audit or otherwise verify the
  data you submit. An Organizer is enclosed to help you collect the data required for your return. The Organizer will help you avoid
  overlooking important information. By using it, you will contribute to efficient preparation of your returns and help minimize the
  cost of our services.
  We will perform accounting services only as needed to prepare your tax returns. Our work will not include procedures to find
  defalcations or other irregularities. Accordingly, our engagement should not be relied upon to disclose errors, fraud, or other
  illegal acts, though it may be necessary for you to clarify some of the information you submit. We will, of course, inform you of
  any material errors, fraud, or other illegal acts we discover. The law imposes penalties when taxpayers underestimate their tax
  liability. Please call us if you have concerns about such penalties.
  Should we encounter instances of unclear tax law, or of potential conflicts in the interpretation of the law, we will outline the
  reasonable courses of action and the risks and consequences of each. We will ultimately adopt, on your behalf, the alternative
  you select.
  Our fee will be based on the forms required plus out-of-pocket expenses. Invoices are due and payable upon presentation. We
  will require payment prior to the completion of electronic filing of your tax return.
  We will return your original records to you at the end of this engagement. You should securely store these records, along with all
  supporting documents, canceled checks, etc., as these items may later be needed to prove accuracy and completeness of a
  return. We will retain copies of your records and our work papers for your engagement for seven years, after which these
  documents will be destroyed.
  Our engagement to prepare your 2011 tax returns will conclude with the delivery of the completed returns to you (if paper filing)
  or your signing, and the subsequent submittal, of your tax return (if e-filing). Review all tax-return documents carefully before
  signing them.
   If completing tax return at our office, we will be using the Practitioner PIN method of signing returns with a self-selected PI N
   number that acts as your electronic signature. Signing below verifies that you understand that you will be signing by this
   electronic and tree-saving method and will not physically sign the actual tax return. We will also provide a copy of your tax
   return via electronic methods unless a paper copy is specifically requested.

To affirm that this letter correctly summarizes your understanding of the arrangements for this work,
please sign the enclosed copy of this letter in the space indicated and return it to us with your tax info.
We appreciate your confidence in us. Please call if you have questions.
Sincerely,
Mark Fox
Alyssa Fox
Fox Tax Service, LLC

(Both spouses must sign for preparation of joint returns.)


Accepted By:      _________________________________________                   ____________________________________________
                  Taxpayer                                                    Spouse
                                      _____________________                                          _____________________
                                      Date                                                           Date
503 FIRST AVE NORTHEAST
                                                                                                                                              MINNEAPOLIS, MINNESOTA 55413
                    FOX TAX PLANNING AND PREPARATION                                                                                                     PHONE: 612.824.2829
                                                                                                                                                            FAX: 612.331.3670
                                                                                                                                                  WWW.FOXTAXSERVICE.COM




                                                  TAX PREPARATION WORKSHEET
    PERSONAL DATA

    Taxpayer Name                                                                            Spouse’s Name
    SSN                                                                                      SSN
    DOB                                                                                      DOB
    Phone                                                                                    Phone
    Email                                                                                    Email
    Occupation                                                                               Occupation
    Address
    City                                                                                     State                                                    Zip
    DEPENDENTS
            Name                                                       Name                                                         Name

            SSN                                                        SSN                                                          SSN

            DOB                                                        DOB                                                          DOB



                                                                                                                      CHILD THREE
                                                           CHILD TWO
CHILD ONE




            Relationship                                               Relationship                                                 Relationship

            Daycare Expense       K-12 Education Expense               Daycare Expense       K-12 Education Expense                 Daycare Expense         K-12 Education Expense

            Daycare Name                                               Daycare Name                                                 Daycare Name

            Daycare SSN/Fed ID#                                        Daycare SSN/Fed ID#                                          Daycare SSN/Fed ID#

            Daycare Address                                            Daycare Address                                              Daycare Address


    DEDUCTIONS
                                                                                                 IRA    ROTH    SEP
    Student Loan Interest:                                 IRA Contributions:                                         Moving Expenses**:

    College Tuition/Fees:                                  Investment Exp:                                            Employee Expenses: Please list on back
    Mortgage Int Pd:                                       Property Tax:                                              PMI:

    Medical Expenses:                                      Health Insurance:                                          Car Tabs:
    Charity by Cash/Check:                                 Non-Cash Charity*:                                         Tax Prep Fees:
     Alimony Paid:                                         HSA Contributions:                                         Union Dues:

 *Please Bring Itemized Donation Receipts if Non-Cash Donations exceed $500. For help valuing your non-cash donations, please look at www.itsdeductible.com
**Only Applicable if you move more than 50 miles because of a job
503 FIRST AVE NORTHEAST
                                                                                     MINNEAPOLIS, MINNESOTA 55413
         FOX TAX PLANNING AND PREPARATION                                                       PHONE: 612.824.2829
                                                                                                   FAX: 612.331.3670
                                                                                         WWW.FOXTAXSERVICE.COM


                        BUSINESS INCOME/EXPENSE WORKSHEET
  INCOME:                                         AMOUNT                        DESCRIPTION

     Total Income Received:                                         Just Self Employed Income-NOT W2
     Sales Tax Collected                                                Only if you Charge Sales Tax

  COST OF GOODS SOLD:

     Total Production Costs:                                           Direct Costs to Make Products
     Ending Inventory:                                                    At Your Cost, Not Retail

  EXPENSES:

     Advertising & Promotions                                          Anything for Promotion of Bus.
     Total Miles Driven                                                    All Miles on your Vehicle
     Business Miles Driven Jan-Jun                                     Business Miles on your Vehicle
     Business Miles Driven Jul-Dec                                     Do you have written Log? Y/N
     Auto Expenses                                                  List Gas, Maint., Ins, etc. separately
     Commissions and Fees                                                if claiming actual expenses
     Subcontractors/Labor                                                 Any Labor You Paid Out
     Equipment Purchases                                                    (List on Next Page)
     Business Insurance
     Business Interest                                                   Business Loans (incl. Auto)
     Legal and Accounting
     Office and Postage
     Equipment Rental                                                 Includes Car Rentals and Equip.
     Business Rent                                                    Rent for Office or Practice Space
     Equipment Repairs
     Supplies                                                          Any small items needed for Bus.
     Travel                                                          Airfare, Lodging--Not Food or Auto
     Meals and Entertainment In Town                                      Business Meals with Others
     Meals and Entertainment Out of Town                                    All Meals on Bus. Travel
     Days Out of Town (Meal Per Diem)                                  List Locations and # of Days Sep.
     Wages Paid to Others                                         Bring Details on Payroll and Payroll Taxes
     Bank Charges                                                            On Business Accounts
     Dues and Subscriptions                                             Memberships, Magazines, Etc.
     Research and Development                                       Books, Classes, Activities in Your Field
     Cell Phone                                                       Only your Plan, Not Extra Minutes
     Business Phone                                                Extra Business Line--NOT 1st Home Line
     Internet
     Computer Software
     Printing and Film Processing                                           For Business Photos
     Parking
     Health Insurance Paid
     Costumes and Props (Performers)                                       Things for Stage Only
     Personal Maintenance (Performers)                              Direct Costs for Performance Image
     Retirement Account Contributions                              What Kind? Trad IRA, Roth, SEP, 401K?
     Health Savings Account Contributions                          Must have High Deductible Health Ins.
     Business Gifts                                                      Limited to $25 per person
     Total Expenses
  NET INCOME
* Please list out any additional costs separately that do not fit into above categories.
* If you accept credit cards from customers, we need new Form 1099-K from Credit Card Processing Company.
503 FIRST AVE NORTHEAST
                                                                                                     MINNEAPOLIS, MINNESOTA 55413
          FOX TAX PLANNING AND PREPARATION                                                                      PHONE: 612.824.2829
                                                                                                                   FAX: 612.331.3670
                                                                                                         WWW.FOXTAXSERVICE.COM




                              RENTAL EXPENSE WORKSHEET
 RENTAL INCOME:                                         AMOUNT                                 DESCRIPTION

   Total Rents Received:                                                          Do not include refundable deposits

 EXPENSES:

   Advertising & Promotions                                                          Advertising for Rental Property

   Total Miles Driven                                                                    All Miles on your Vehicle

   Business Miles Driven Jan-Jun                                                    Miles driven for Rental Business

   Business Miles Driven Jul-Dec

   Cleaning and Maintenance                                                           Any Cleaning or Maint. Costs

   Commissions                                                                        Pd. To Rental Agencies, etc..

   Insurance                                                                     PMI, Liability and/or Umbrella Policies

   Legal and Accounting

   Management Fees                                                              Pd for Management by Someone Else

   Interest - Mortgage

   Interest - Other                                                              Credit Cards/other loans just for rental

   Repairs                                                                              Repairs to Rental Property

   Supplies                                                                            General Supplies for Rental

   Taxes                                                                                       Property Taxes

   Utilities                                                                            Pd by You for Rental Prop.

   Rental License Fees

   Bank Charges                                                                         Bounced Check Fees, etc.

   Appliances

   Improvements                                                                     Major Improvements to Property

   Furnishings

   Total Expenses

 NET INCOME
*Always bring any Purchase, Sale or Refinance Closing Papers for the Year. *Fill out one of these pages for EACH rental property
*If converting property to Rental, we need Fair Market Value of Property at time of Conversion as well as Your Cost of buying and
 improving property.
503 FIRST AVE NORTHEAST
                                                                       MINNEAPOLIS, MINNESOTA 55413
FOX TAX PLANNING AND PREPARATION                                                  PHONE: 612.824.2829
                                                                                     FAX: 612.331.3670
                                                                           WWW.FOXTAXSERVICE.COM




       ITEM                        DATE PURCHASED   COST   DATE SOLD       SALE PRICE




                     TOTALS
503 FIRST AVE NORTHEAST
                                                                         MINNEAPOLIS, MINNESOTA 55413
       FOX TAX PLANNING AND PREPARATION                                             PHONE: 612.824.2829
                                                                                       FAX: 612.331.3670
                                                                             WWW.FOXTAXSERVICE.COM



                  IN HOME OFFICE EXPENSES
SIZE


               Square Footage of Office

              Square Footage of House

                   Business Percentage



EXPENSES                                            TOTALS                 100% BUSINESS


                 Mortgage Interest Paid

                    Property Taxes Paid

                     Insurance on Home

              Repairs and Maintenance*

                           Improvements*

                                   Utilities

                                 Rent Paid

                                     Other:

 Cost of Home (Purch + Improvements)



             * Expenses directly related to office space are 100% deductible - Please List Separately

Mais conteúdo relacionado

Mais procurados

egov.oregon.gov DOR PERTAX 545-002-06fill
egov.oregon.gov DOR PERTAX  545-002-06fillegov.oregon.gov DOR PERTAX  545-002-06fill
egov.oregon.gov DOR PERTAX 545-002-06filltaxman taxman
 
Nonres Military Notice ksrevenue.org
Nonres Military Notice ksrevenue.orgNonres Military Notice ksrevenue.org
Nonres Military Notice ksrevenue.orgtaxman taxman
 
DORguide-5 mt.gov revenue formsandresources 08forms
DORguide-5 mt.gov revenue formsandresources 08formsDORguide-5 mt.gov revenue formsandresources 08forms
DORguide-5 mt.gov revenue formsandresources 08formstaxman taxman
 
IN-112 - Tax Adjustment and Credits
IN-112 - Tax Adjustment and Credits IN-112 - Tax Adjustment and Credits
IN-112 - Tax Adjustment and Credits taxman taxman
 

Mais procurados (6)

egov.oregon.gov DOR PERTAX 545-002-06fill
egov.oregon.gov DOR PERTAX  545-002-06fillegov.oregon.gov DOR PERTAX  545-002-06fill
egov.oregon.gov DOR PERTAX 545-002-06fill
 
Q1 2009 Earning Report of Fastenal Co
Q1 2009 Earning Report of Fastenal CoQ1 2009 Earning Report of Fastenal Co
Q1 2009 Earning Report of Fastenal Co
 
Nonres Military Notice ksrevenue.org
Nonres Military Notice ksrevenue.orgNonres Military Notice ksrevenue.org
Nonres Military Notice ksrevenue.org
 
DORguide-5 mt.gov revenue formsandresources 08forms
DORguide-5 mt.gov revenue formsandresources 08formsDORguide-5 mt.gov revenue formsandresources 08forms
DORguide-5 mt.gov revenue formsandresources 08forms
 
Tax return
Tax returnTax return
Tax return
 
IN-112 - Tax Adjustment and Credits
IN-112 - Tax Adjustment and Credits IN-112 - Tax Adjustment and Credits
IN-112 - Tax Adjustment and Credits
 

Semelhante a Test Set Of Slides

M14 taxes.state.mn.us
M14 taxes.state.mn.usM14 taxes.state.mn.us
M14 taxes.state.mn.ustaxman taxman
 
Installment Agreement
Installment AgreementInstallment Agreement
Installment Agreementtaxman taxman
 
M14 taxes.state.mn.us
M14 taxes.state.mn.usM14 taxes.state.mn.us
M14 taxes.state.mn.ustaxman taxman
 
tax.utah.gov forms current tc tc-804
tax.utah.gov forms current tc  tc-804tax.utah.gov forms current tc  tc-804
tax.utah.gov forms current tc tc-804taxman taxman
 
M14 taxes.state.mn.us
M14 taxes.state.mn.usM14 taxes.state.mn.us
M14 taxes.state.mn.ustaxman taxman
 
M14 taxes.state.mn.us
M14 taxes.state.mn.usM14 taxes.state.mn.us
M14 taxes.state.mn.ustaxman taxman
 
1040S-ME resident short form booklet (forms & instructions)
1040S-ME resident short form booklet (forms & instructions)1040S-ME resident short form booklet (forms & instructions)
1040S-ME resident short form booklet (forms & instructions)taxman taxman
 
Application for Rescindment of Corporate Income Tax Credit for Contribution...
 	Application for Rescindment of Corporate Income Tax Credit for Contribution... 	Application for Rescindment of Corporate Income Tax Credit for Contribution...
Application for Rescindment of Corporate Income Tax Credit for Contribution...taxman taxman
 
SSG-MUSIC Eftps singers sensatin group irs payment
SSG-MUSIC Eftps  singers sensatin group irs paymentSSG-MUSIC Eftps  singers sensatin group irs payment
SSG-MUSIC Eftps singers sensatin group irs paymentSHAUN J FEDERICO
 
tax.utah.gov forms current tc tc-804b
tax.utah.gov forms current tc  tc-804btax.utah.gov forms current tc  tc-804b
tax.utah.gov forms current tc tc-804btaxman taxman
 
revenue.ne.gov tax current f_1040nes_2009
revenue.ne.gov tax current f_1040nes_2009revenue.ne.gov tax current f_1040nes_2009
revenue.ne.gov tax current f_1040nes_2009taxman taxman
 
revenue.ne.gov tax current f_1040nes_2009
revenue.ne.gov tax current f_1040nes_2009revenue.ne.gov tax current f_1040nes_2009
revenue.ne.gov tax current f_1040nes_2009taxman taxman
 
revenue.ne.gov tax current f_1040nes_2009
revenue.ne.gov tax current f_1040nes_2009revenue.ne.gov tax current f_1040nes_2009
revenue.ne.gov tax current f_1040nes_2009taxman taxman
 
sims229
sims229sims229
sims229R4T3z
 
sims233
sims233sims233
sims233R4T3z
 

Semelhante a Test Set Of Slides (20)

M14 taxes.state.mn.us
M14 taxes.state.mn.usM14 taxes.state.mn.us
M14 taxes.state.mn.us
 
Cp575 Notice 1291124000505[1]
Cp575 Notice 1291124000505[1]Cp575 Notice 1291124000505[1]
Cp575 Notice 1291124000505[1]
 
Installment Agreement
Installment AgreementInstallment Agreement
Installment Agreement
 
WebPage
WebPageWebPage
WebPage
 
M14 taxes.state.mn.us
M14 taxes.state.mn.usM14 taxes.state.mn.us
M14 taxes.state.mn.us
 
tax.utah.gov forms current tc tc-804
tax.utah.gov forms current tc  tc-804tax.utah.gov forms current tc  tc-804
tax.utah.gov forms current tc tc-804
 
M14 taxes.state.mn.us
M14 taxes.state.mn.usM14 taxes.state.mn.us
M14 taxes.state.mn.us
 
M14 taxes.state.mn.us
M14 taxes.state.mn.usM14 taxes.state.mn.us
M14 taxes.state.mn.us
 
1040S-ME resident short form booklet (forms & instructions)
1040S-ME resident short form booklet (forms & instructions)1040S-ME resident short form booklet (forms & instructions)
1040S-ME resident short form booklet (forms & instructions)
 
H2 h singers ltd
H2 h singers ltdH2 h singers ltd
H2 h singers ltd
 
Application for Rescindment of Corporate Income Tax Credit for Contribution...
 	Application for Rescindment of Corporate Income Tax Credit for Contribution... 	Application for Rescindment of Corporate Income Tax Credit for Contribution...
Application for Rescindment of Corporate Income Tax Credit for Contribution...
 
A9 re82f[1]
A9 re82f[1]A9 re82f[1]
A9 re82f[1]
 
SSG-MUSIC Eftps singers sensatin group irs payment
SSG-MUSIC Eftps  singers sensatin group irs paymentSSG-MUSIC Eftps  singers sensatin group irs payment
SSG-MUSIC Eftps singers sensatin group irs payment
 
tax.utah.gov forms current tc tc-804b
tax.utah.gov forms current tc  tc-804btax.utah.gov forms current tc  tc-804b
tax.utah.gov forms current tc tc-804b
 
revenue.ne.gov tax current f_1040nes_2009
revenue.ne.gov tax current f_1040nes_2009revenue.ne.gov tax current f_1040nes_2009
revenue.ne.gov tax current f_1040nes_2009
 
revenue.ne.gov tax current f_1040nes_2009
revenue.ne.gov tax current f_1040nes_2009revenue.ne.gov tax current f_1040nes_2009
revenue.ne.gov tax current f_1040nes_2009
 
revenue.ne.gov tax current f_1040nes_2009
revenue.ne.gov tax current f_1040nes_2009revenue.ne.gov tax current f_1040nes_2009
revenue.ne.gov tax current f_1040nes_2009
 
sims229
sims229sims229
sims229
 
sims233
sims233sims233
sims233
 
Fact sheet on veteran tax credits
Fact sheet on veteran tax creditsFact sheet on veteran tax credits
Fact sheet on veteran tax credits
 

Mais de codearachnid_test (20)

Test
TestTest
Test
 
Test Title
Test TitleTest Title
Test Title
 
Testing Test Session
Testing Test SessionTesting Test Session
Testing Test Session
 
My presso
My pressoMy presso
My presso
 
My presso
My pressoMy presso
My presso
 
wordpress.pdf
wordpress.pdfwordpress.pdf
wordpress.pdf
 
wordpress.pdf
wordpress.pdfwordpress.pdf
wordpress.pdf
 
2011_Fox_Tax_Worksheets.pdf
2011_Fox_Tax_Worksheets.pdf2011_Fox_Tax_Worksheets.pdf
2011_Fox_Tax_Worksheets.pdf
 
Here's my slides
Here's my slidesHere's my slides
Here's my slides
 
Testing
TestingTesting
Testing
 
wordpress.pdf
wordpress.pdfwordpress.pdf
wordpress.pdf
 
wordpress.pdf
wordpress.pdfwordpress.pdf
wordpress.pdf
 
wordpress.pdf
wordpress.pdfwordpress.pdf
wordpress.pdf
 
wordpress.pdf
wordpress.pdfwordpress.pdf
wordpress.pdf
 
wordpress.pdf
wordpress.pdfwordpress.pdf
wordpress.pdf
 
wordpress.pdf
wordpress.pdfwordpress.pdf
wordpress.pdf
 
wordpress.pdf
wordpress.pdfwordpress.pdf
wordpress.pdf
 
wordpress.pdf
wordpress.pdfwordpress.pdf
wordpress.pdf
 
wordpress.pdf
wordpress.pdfwordpress.pdf
wordpress.pdf
 
wordpress.pdf
wordpress.pdfwordpress.pdf
wordpress.pdf
 

Test Set Of Slides

  • 1. 503 FIRST AVE NORTHEAST MINNEAPOLIS, MINNESOTA 55413 FOX TAX PLANNING AND PREPARATION PHONE: 612.824.2829 FAX: 612.331.3670 WWW.FOXTAXSERVICE.COM WHAT TO BRING TO APPOINTMENT DO NOT FORGET INCOME W2s 1099s: 1099-R (Retirement Distributions) 1099-INT (Interest Income) 1099-DIV (Dividend and Capital Gain Income) 1099-B (Stock Proceeds) - Please check to see if all sales have corresponding cost info 1099-MISC (Self Employment Income - ALSO FILL OUT BUSINESS INCOME/EXPENSE WORKSHEET) SSA (Social Security Income) 99G (Unemployment Received) Alimony Received 1099-A and 1099-C (Debt Cancellation and Property Foreclosures) Rental Income – FILL OUT RENTAL WORKSHEET Did you have > $10,000 in foreign assets at any time during 2011? Please bring info on income and account values Yes No * If you accept credit cards from customers, we need new Form 1099-K from Credit Card Processing Company. DEDUCTIONS/CREDITS 1098-T (Tuition Statement for College Education) Proof and Cost of all Energy Efficient Home Upgrades-See energystar.gov for more info Bring all Adoption Papers and proof of expenses for new Adoption Credit Charitable Donations - Receipts are needed for all Charitable Donation Deductions Now Form 1098 Mortgage Interest Paid 1098-E Student Loan Interest Paid OTHER IMPORTANT ITEMS Settlement Statements for any Sale, Purchase or Refinance of properties Signed Release of Exemption Form 8332 if you are claiming a child that does not live with you. Signed Engagement Letter and Filled out Worksheets (keep scrolling to find those!) Tax CD from last year Copy of last year’s taxes (if new client) For Corporations: Don’t forget to bring Year End Balances on all Accounts and Loans. If you have Quickbooks or other accounting software, you can email this ahead of appointment Employers: If you hired a formerly unemployed person in 2010 and kept them on payroll for > 12 months, bring information on their payroll for a special credit in 2011. Please Check here if you'd like to make a donation to the Nongame Wildlife Fund. Amount to Donate: $ ______________
  • 2. 503 FIRST AVE NORTHEAST MINNEAPOLIS, MINNESOTA 55413 FOX TAX PLANNING AND PREPARATION PHONE: 612.824.2829 FAX: 612.331.3670 WWW.FOXTAXSERVICE.COM DO NOT FORGET - BRING TO APPOINTMENT Date Taxpayer Name Spouse’s Name Address City State Zip SUBJECT: Preparation of Your 2011 Tax Returns Thank you for choosing Fox Tax LLC to assist you with your 2011 taxes. This letter confirms the terms of our engagement with you and outlines the nature and extent of the services we will provide. In order to ensure an understanding of our mutual responsibilities, we ask all clients for whom returns are prepared to confirm the following arrangements by signing below. We will prepare your 2011 federal and requested state income tax returns. We will depend on you to provide the information we need to prepare complete and accurate returns. We may ask you to clarify some items but will not audit or otherwise verify the data you submit. An Organizer is enclosed to help you collect the data required for your return. The Organizer will help you avoid overlooking important information. By using it, you will contribute to efficient preparation of your returns and help minimize the cost of our services. We will perform accounting services only as needed to prepare your tax returns. Our work will not include procedures to find defalcations or other irregularities. Accordingly, our engagement should not be relied upon to disclose errors, fraud, or other illegal acts, though it may be necessary for you to clarify some of the information you submit. We will, of course, inform you of any material errors, fraud, or other illegal acts we discover. The law imposes penalties when taxpayers underestimate their tax liability. Please call us if you have concerns about such penalties. Should we encounter instances of unclear tax law, or of potential conflicts in the interpretation of the law, we will outline the reasonable courses of action and the risks and consequences of each. We will ultimately adopt, on your behalf, the alternative you select. Our fee will be based on the forms required plus out-of-pocket expenses. Invoices are due and payable upon presentation. We will require payment prior to the completion of electronic filing of your tax return. We will return your original records to you at the end of this engagement. You should securely store these records, along with all supporting documents, canceled checks, etc., as these items may later be needed to prove accuracy and completeness of a return. We will retain copies of your records and our work papers for your engagement for seven years, after which these documents will be destroyed. Our engagement to prepare your 2011 tax returns will conclude with the delivery of the completed returns to you (if paper filing) or your signing, and the subsequent submittal, of your tax return (if e-filing). Review all tax-return documents carefully before signing them. If completing tax return at our office, we will be using the Practitioner PIN method of signing returns with a self-selected PI N number that acts as your electronic signature. Signing below verifies that you understand that you will be signing by this electronic and tree-saving method and will not physically sign the actual tax return. We will also provide a copy of your tax return via electronic methods unless a paper copy is specifically requested. To affirm that this letter correctly summarizes your understanding of the arrangements for this work, please sign the enclosed copy of this letter in the space indicated and return it to us with your tax info. We appreciate your confidence in us. Please call if you have questions. Sincerely, Mark Fox Alyssa Fox Fox Tax Service, LLC (Both spouses must sign for preparation of joint returns.) Accepted By: _________________________________________ ____________________________________________ Taxpayer Spouse _____________________ _____________________ Date Date
  • 3. 503 FIRST AVE NORTHEAST MINNEAPOLIS, MINNESOTA 55413 FOX TAX PLANNING AND PREPARATION PHONE: 612.824.2829 FAX: 612.331.3670 WWW.FOXTAXSERVICE.COM TAX PREPARATION WORKSHEET PERSONAL DATA Taxpayer Name Spouse’s Name SSN SSN DOB DOB Phone Phone Email Email Occupation Occupation Address City State Zip DEPENDENTS Name Name Name SSN SSN SSN DOB DOB DOB CHILD THREE CHILD TWO CHILD ONE Relationship Relationship Relationship Daycare Expense K-12 Education Expense Daycare Expense K-12 Education Expense Daycare Expense K-12 Education Expense Daycare Name Daycare Name Daycare Name Daycare SSN/Fed ID# Daycare SSN/Fed ID# Daycare SSN/Fed ID# Daycare Address Daycare Address Daycare Address DEDUCTIONS IRA ROTH SEP Student Loan Interest: IRA Contributions: Moving Expenses**: College Tuition/Fees: Investment Exp: Employee Expenses: Please list on back Mortgage Int Pd: Property Tax: PMI: Medical Expenses: Health Insurance: Car Tabs: Charity by Cash/Check: Non-Cash Charity*: Tax Prep Fees: Alimony Paid: HSA Contributions: Union Dues: *Please Bring Itemized Donation Receipts if Non-Cash Donations exceed $500. For help valuing your non-cash donations, please look at www.itsdeductible.com **Only Applicable if you move more than 50 miles because of a job
  • 4. 503 FIRST AVE NORTHEAST MINNEAPOLIS, MINNESOTA 55413 FOX TAX PLANNING AND PREPARATION PHONE: 612.824.2829 FAX: 612.331.3670 WWW.FOXTAXSERVICE.COM BUSINESS INCOME/EXPENSE WORKSHEET INCOME: AMOUNT DESCRIPTION Total Income Received: Just Self Employed Income-NOT W2 Sales Tax Collected Only if you Charge Sales Tax COST OF GOODS SOLD: Total Production Costs: Direct Costs to Make Products Ending Inventory: At Your Cost, Not Retail EXPENSES: Advertising & Promotions Anything for Promotion of Bus. Total Miles Driven All Miles on your Vehicle Business Miles Driven Jan-Jun Business Miles on your Vehicle Business Miles Driven Jul-Dec Do you have written Log? Y/N Auto Expenses List Gas, Maint., Ins, etc. separately Commissions and Fees if claiming actual expenses Subcontractors/Labor Any Labor You Paid Out Equipment Purchases (List on Next Page) Business Insurance Business Interest Business Loans (incl. Auto) Legal and Accounting Office and Postage Equipment Rental Includes Car Rentals and Equip. Business Rent Rent for Office or Practice Space Equipment Repairs Supplies Any small items needed for Bus. Travel Airfare, Lodging--Not Food or Auto Meals and Entertainment In Town Business Meals with Others Meals and Entertainment Out of Town All Meals on Bus. Travel Days Out of Town (Meal Per Diem) List Locations and # of Days Sep. Wages Paid to Others Bring Details on Payroll and Payroll Taxes Bank Charges On Business Accounts Dues and Subscriptions Memberships, Magazines, Etc. Research and Development Books, Classes, Activities in Your Field Cell Phone Only your Plan, Not Extra Minutes Business Phone Extra Business Line--NOT 1st Home Line Internet Computer Software Printing and Film Processing For Business Photos Parking Health Insurance Paid Costumes and Props (Performers) Things for Stage Only Personal Maintenance (Performers) Direct Costs for Performance Image Retirement Account Contributions What Kind? Trad IRA, Roth, SEP, 401K? Health Savings Account Contributions Must have High Deductible Health Ins. Business Gifts Limited to $25 per person Total Expenses NET INCOME * Please list out any additional costs separately that do not fit into above categories. * If you accept credit cards from customers, we need new Form 1099-K from Credit Card Processing Company.
  • 5. 503 FIRST AVE NORTHEAST MINNEAPOLIS, MINNESOTA 55413 FOX TAX PLANNING AND PREPARATION PHONE: 612.824.2829 FAX: 612.331.3670 WWW.FOXTAXSERVICE.COM RENTAL EXPENSE WORKSHEET RENTAL INCOME: AMOUNT DESCRIPTION Total Rents Received: Do not include refundable deposits EXPENSES: Advertising & Promotions Advertising for Rental Property Total Miles Driven All Miles on your Vehicle Business Miles Driven Jan-Jun Miles driven for Rental Business Business Miles Driven Jul-Dec Cleaning and Maintenance Any Cleaning or Maint. Costs Commissions Pd. To Rental Agencies, etc.. Insurance PMI, Liability and/or Umbrella Policies Legal and Accounting Management Fees Pd for Management by Someone Else Interest - Mortgage Interest - Other Credit Cards/other loans just for rental Repairs Repairs to Rental Property Supplies General Supplies for Rental Taxes Property Taxes Utilities Pd by You for Rental Prop. Rental License Fees Bank Charges Bounced Check Fees, etc. Appliances Improvements Major Improvements to Property Furnishings Total Expenses NET INCOME *Always bring any Purchase, Sale or Refinance Closing Papers for the Year. *Fill out one of these pages for EACH rental property *If converting property to Rental, we need Fair Market Value of Property at time of Conversion as well as Your Cost of buying and improving property.
  • 6. 503 FIRST AVE NORTHEAST MINNEAPOLIS, MINNESOTA 55413 FOX TAX PLANNING AND PREPARATION PHONE: 612.824.2829 FAX: 612.331.3670 WWW.FOXTAXSERVICE.COM ITEM DATE PURCHASED COST DATE SOLD SALE PRICE TOTALS
  • 7. 503 FIRST AVE NORTHEAST MINNEAPOLIS, MINNESOTA 55413 FOX TAX PLANNING AND PREPARATION PHONE: 612.824.2829 FAX: 612.331.3670 WWW.FOXTAXSERVICE.COM IN HOME OFFICE EXPENSES SIZE Square Footage of Office Square Footage of House Business Percentage EXPENSES TOTALS 100% BUSINESS Mortgage Interest Paid Property Taxes Paid Insurance on Home Repairs and Maintenance* Improvements* Utilities Rent Paid Other: Cost of Home (Purch + Improvements) * Expenses directly related to office space are 100% deductible - Please List Separately