TAX ACT SUMMARIES

.

The National Association of Tax Professionals' has prepared a “Summary of the Worker, Homeownership, and Business Assistance Act of 2009”, which is now available at the association’s website.

Click here to download.

CCH also has a “Tax Briefing” report on the Act. Click here to download the CCH Tax Briefing.

ATTENTION TAX PROFESSIONALS!

.
As you begin to think about preparing their client mailings for the upcoming tax filing season (only 10 weeks away!) it seems a good time for a reminder about the special package of TAX PROFESSIONALS FORMS, SCHEDULES AND WORKSHEETS that I offer for the ridiculous price of only $5.00!

Over the past 35+ years I have developed many specialized forms, schedules and worksheets for use in my 1040 practice. Some of my “homemade” forms are given to clients to help them provide me with the information I need to properly prepare their returns. Some are used as “memos” to the client’s copy and my office file copy to back-up items reported on the returns. Others are used as attachments to the returns. They have proven helpful to me in my practice, and I believe you will find them helpful in your practice as well.

I have added some new forms to the package - but have not added to the price.

The package will be sent as a “word document” email attachment. This way you may edit and revise the forms, schedules and worksheets as you see fit to personalize them to your firm, to customize them be more relevant to your particular practice or clients or for specific professions, or to update information for annual COLAs or tax law changes.

Please be aware that these forms, schedules and worksheets are copyrighted material and is for your internal use only.

Here is what is now included in the package -

SCHEDULE A –

1. Supplement to Schedule A
2. Medical Expense Worksheet
3. Medical Expenses – Out of Pocket Analysis
4. Charitable Contribution Listing – for non-cash contributions
5. Charitable Contribution Record – for cash contributions (2 pages)
6. Charitable Mileage Record
7. Contribution Worksheet
8. Employee Business Expenses – generic format, can be customized
9. Employee Business Expenses – Police Officer – example of customized
10. Conventions, Conference and Education
11. Miscellaneous Expenses #1
12. Miscellaneous Expenses #2

SCHEDULE C – (some of these forms can also be used for employee expenses)

1. Allocation of Expenses
2. Automobile Expense Worksheet
3. Auto Mileage Log
4. Business Expenses of a Freelance Writer
5. Business Travel Record
6. Computer Use Log
7. Election to Deduct Organization Expenses
8. Employee Expense Report
9. Employee Time Card
10. Home Office Deduction Worksheet
11. Cell Phone Log - in “landscape” format - sent separately.

SCHEDULE D – 1. Cost Basis Worksheet

SCHEDULE E - 1. Multi Family Building

GENERAL –

1. Alternative Minimum Tax Worksheet
2. Does Not Have To File
3. Statement of Dividend Income
4. Statement of Pension Income – in “landscape” format- sent separately

To order send a check or money order for $5.00 payable to TAXPRO SERVICES CORPORATION and your email address to –

PREPARER WORKSHEET PACKAGE
TAXPRO SERVICES CORPORATION
SUITE 304
72 VAN REIPEN AVENUE
JERSEY CITY NJ 07306-2806

After you have received and reviewed the package I would very much appreciate hearing your comments on the forms, schedules and worksheets included in this package, including any suggestions you may have for improvements or additions.
.
TAFN

NJ NATP DECEMBER BREAKFAST SEMINAR

.
The NJ chapter of NATP is sponsoring a “breakfast seminar” on Thursday morning, December 10, 2009, at the Newark Airport Marriott.

Registration begins at 8:30 AM and the seminar will run from 9:00–11:30 AM. Breakfast is included.

The topic of the morning will be “New York and New Jersey Cross-Over Issues” and will be presented by Kathryn Keane, EA, chairperson (I believe) of the NY chapter of NATP and former member of the NATP national Board of Directors.

This topic is especially important considering New York’s new registration requirement.

The cost of the seminar is $50,00 for members and $65.00 for non-members. Your registration must be postmarked by December 3rd.

Click here to download the registration form.

TAFN

PA CHAPTER OF NATP NEWSLETTER

.

I generally tell you when the newsletter of the New York State chapter of NATP is available to download – so why not the Pennsylvania chapter’s newsletter also?

Click here to download the Autumn 2009 issue of the PA chapter’s newsletter.

An item titled “New Legislation” reports that Pennsylvania is joining the bandwagon. On October 9th PA Governor Rendell signed into law a bill that –

“provides the Department of Revenue with statutory authority to penalize those who fail to file tax returns in the ‘method prescribed by the department’. The penalty is 1% of the tax due on the return up to a maximum of $500 but not less than $10. This would seem to indicate that the department intends to mandate electronic filing of returns.”

The item goes on to tell us that –

“According to David Braden, Assistant to the Director, Bureau of Individual Taxes, this will not be implemented for 2009 tax returns because the legislation was passed late in the year, but the department is exploring its options for 2010 and beyond. Furthermore, no decisions have been made as to what the exact requirements will be when implementation does occur.”

Just thought you ought to know.

TAFN

KEEP YOUR EYES ON THE PRIZE!

.

Attention New Jersey voters -

Regardless of how attractive a candidate you may find Chris Daggett, or how sick you are of both political parties, or how much you want to send a message by supporting a “third-party” candidate – and I do sympathize to some degree on all counts - it is very important that you remember that the goal of this election is to vote Governor Jon Corzine out of office.

While I do not think that Daggett was put up as a candidate by the Democrats as a “spoiler” (nor that it is just his ego at work like Ralph Nader), he has become just that. Unfortunately a vote for Chris Daggatt will end up a vote for Jon “the biggest disappointment” Corzine.

If we want to make a start at ending the rampant legal and illegal political corruption in New Jersey, perhaps the most politically corrupt state in the union, we must make sure that Corzine becomes a one-term governor. Granted that Chris Christie is basically a “one-hit wonder”. But that one hit is successfully prosecuting corrupt New Jersey politicians – and I can think of no other “hit” that is more appropriate.

I also cannot think of a single reason why any New Jersey resident who is not a direct beneficiary of the state’s political corruption would want four more years of Corzine. He has done absolutely nothing to make New Jersey any better than it was before he took office. He has not kept the promises he made during his first campaign. He is truly, as the ads say, a FAILURE.

Many different studies and lists compiled by many different organizations tell us that New Jersey is the most expensive state in the US to live in, with the highest taxes, and is the worst state in the US in which to do business. Residents of NJ know this to be true.

To make more than just a start at ending corruption and fixing the mess in New Jersey you must also get a GRIP and vote out any incumbent politician that is running for re-election.

As you go to the polls keep repeating this phrase to yourself – GET RID OF INCUMBENT POLITICIANS!