Thornapple Financial Center, Inc. and Money Concepts

1. If you bought a NEW VEHICLE this year please bring in the invoice so that we can record your sales tax.
2. EDUCATION CREDITS have changed for college tuition, so please make sure you bring in your 1098Ts from the institutions because you may be eligible for additional monies this year.
3. RESIDENTIAL ENERGY CREDITS are back.  Please bring in the invoices for any items purchased or put into service in 2009 such as windows, doors, insulation, furnaces, biomas stoves etc.  If your invoice does not break down between cost and labor, please get that breakdown as labor cannot be included.
4. The NEW HOME CREDIT has been extended.  Please check for all of the additional rules and regulations.  Please note: a copy of your closing statements MUST be included with the return.
5. In 2010 there are special rules for converting a traditional IRA to a ROTH IRA.
6. New BUSINESS MILEAGE RATE for 2010 is .50/mile.
7. IRS is looking a CELLULAR PHONES and making them listed property which means that we have to declare a business usage percentage and a personal usage percentage
8. 1099Cs and 1099As for cancellation of debt, short sales and foreclosures all require special treatment so please be sure to bring in the forms.

Your Appointment Checklist

• If you are a returning client, please bring in you CD, so we can update it for this year.
• As always bring in ALL your property tax statements from cities, villages or townships.  Bring in those paid in 2009 and unpaid but levied in 2009.
• ALL W2s and 1099s, interest statements form banks or credit unions.
• Social Security statements if you receive Social Security
• Total amount paid for out of state purchases, including Internet sales, if tax was not paid
• Mortgage Interest, 2^nd home interest, home equity interest
• License plate fees
• Health insurance premiums paid in 2009
• Amount of Cash contributions
• STATEMENTS of Non-Cash contributions
• Amount paid for child care and to whom
• College tuition paid in 2009, 1098T
• Purchase AND selling dates for stock sales
• Social Security cards for new dependents
• Unemployment or Jury duty income
• Jan through December BUSINESS mileage
• Medical Mileage
• Contribution (volunteer) mileage
• Unemployment statements
• W-2 G for gambling winnings, and any gambling losses
• 1099Rs for pensions, IRAs, Roth IRAs
• Investment Statements-1099B, DIV, Average COST BASIS