Taxes

Thornapple Financial Center offers a variety of tax services including...

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Now Accepting Zelle

You can now pay for your tax preparation fees via Zelle.  Just Scan the QR code in your banking app to pay Thornapple Financial Center, Inc. at xxx-xxx-0060.

A qr code for zelle is shown on a white background.

Do you want to file your own taxes? If so, please use the link to the left.

Wondering when you will receive your refund? Find out by selecting the links to the left.

Do you want to file your own taxes? If so, please use the above link.

Wondering when you will receive your refund? Find out by selecting the above links.

When you come for your appointment...

You will be seeing Susan, John, or Kris. Each has years of experience, while Susan and John also specialize in business and corporation returns. As an added benefit, we have a staff of financial planners, so they can help with your IRA or capital gains questions.
 
If you are an existing tax client, it is our practice to send out appointment cards in early January with your tax appointment and time. This mailing also has suggestions for what to bring with you. If that time will not work, simply call to reschedule.
 
Our office hours during tax season, which is January to mid-April are below. You may reach us at 269-795-3387 or by fax at 269-795-3420.
Tax Season Hours (January - April 15)
Mon - Fri
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Saturday
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Sunday
Closed

Retention Guide

STORING TAX RECORDS: How Long Is Long Enough?

Federal law requires you to maintain copies of your tax returns and supporting documents for three years. This is called the "three-year law" and leads many people to believe they're safe provided they retain their documents for this period of time. However, if the IRS believes you have significantly underreported your income (by 25 percent or more), it may go back six years in an audit. If there is any indication of fraud, or you do not file a return, no period of limitation exists. To be safe, use the following guidelines. 

Personal Documents and Records to Keep...

  • While it's important to keep year-end mutual fund and IRA contribution statements forever, you don't have to save monthly and quarterly statements once the year-end statement has arrived.

  • Credit Card Statements
  • Medical Bills (in case of insurance disputes)
  • Utility Records
  • Expired Insurance Policies

  • Supporting Documents For Tax Returns
  • Accident Reports and Claims
  • Medical BIiis (if tax-related)
  • Sales Receipts
  • Wage Garnishments
  • Other Tax-Related Bills

  • CPA Audit Reports
  • Legal Records
  • Important Correspondence
  • Income Tax Returns
  • Income Tax Payment Checks
  • Property Records/Improvement Receipts (or six years after property sold)
  • Investment Trade Confirmations
  • Retirement and Pension Records (Forms 5448, 1099-R and 8606 until all distributions are made from your IRA or other qualified plan)

  • Car Records (keep until the car is sold)
  • Credit Card Receipts (keep until verified on your statement)
  • Insurance Policies (keep for the life of the policy)
  • Mortgages / Deeds / Leases (keep 6 years beyond the agreement)
  • Pay Stubs (keep until reconciled with your W-2)
  • Sales Receipts (keep for life of the warranty)
  • Stock and Bond Records (keep for 6 years beyond selling)
  • Warranties and Instructions (keep for the life of the product)
  • Other Bills (keep until payment is verified on the next bill)
  • Depreciation Schedules and Other Capital Asset Records (keep for 3 years after the tax life of the asset)

Business Documents and Records to Keep...

  • Correspondence with Customers and Vendors
  • Duplicate Deposit Slips
  • Purchase Orders (other than Purchasing Department copy)
  • Receiving Sheets 
  • Requisitions
  • Stenographer's Notebooks
  • Stockroom Withdrawal Forms

  • Employee Personnel Records (after termination)
  • Employment Applications
  • Expired Insurance Policies
  • General Correspondence
  • Internal Audit Reports
  • Intemal Reports
  • Petty Cash Vouchers
  • Physical Inventory Tags
  • Savings Bond Registration Records of Employees
  • Time Cards For Hourly Employees

  • Accident Reports, Claims
  • Accounts Payable Ledgers and Schedules
  • Accounts Receivable Ledgers and Schedules
  • Bank Statements and Reconciliations
  • Cancelled Checks
  • Cancelled Stock and Bond Certificates
  • Employment Tax Records
  • Expense Analysis and Expense Distribution Schedules
  • Expired Contracts, Leases
  • Expired Option Records
  • Inventories of Products, Materials, Supplies
  • Invoices to Customers
  • Notes Receivable Ledgers, Schedules
  • Payroll Records and Summaries, including payment to pensioners
  • Plant Cost Ledgers
  • Purchasing Department Copies of Purchase Orders
  • Records related to net operating losses (NOL's)
  • Sales Records
  • Subsidiary Ledgers
  • Time Books 
  • Travel and Entertainment Records
  • Vouchers tor Payments to Vendors, Employees, etc,
  • Voucher Register, Schedules

While federal guidelines do not require you to keep tax records "forever," in many cases there will be other reasons you'll want to retain these documents indefinitely.

  • Audit Reports from CPAs/Accountants
  • Cancelled Checks for Important Payments (especially tax payments)
  • Cash Books, Charts of Accounts
  • Contracts, Leases Currently in Effect
  • Corporate Documents (incorporation, charter, by-laws, etc.) 
  • Documents substantiating fixed asset additions
  • Deeds
  • Depreciation Schedules
  • Financial Statements (Year End)
  • General and Private Ledgers, Year End Trial Balances
  • Insurance Records, Current Accident Reports, Claims, Policies
  • Investment Trade Confirmations
  • IRS Revenue Agent Reports
  • Journals
  • Legal Records, Correspondence and Other Important Matters
  • Minutes Books of Directors and Stockholders
  • Mortgages, Bills of Sale
  • Property Appraisals by Outside Appraisers
  • Property Records
  • Retirement and Pension Records
  • Tax Returns and Worksheets
  • Trademark and Patent Registrations

Refer A Friend For Taxes

RECEIVE $10.00

FOR EVERY NEW PAYING CLIENT YOU REFER TO US.
DOWNLOAD FORM
Clients: You can print this coupon and give it to your friends or have them print it out themselves. Your friends should bring the coupon with them to their first visit.
On the coupon: Please put the new client's name in the top "Name" and "Date" area and the referring party's (the person receiving the $10) name and address in the "Your Name" and "Address" area in the middle right of the coupon.
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