• Collect all medical and charitable donation receipts (Sleeve C)
• Reconcile revenues and prepare Accounts Receivable (Record on Insert D)
• Complete Business use of Home Expenses (Insert 16)  Note:  For expenses that are greater than the current year’s limit, the excess can be carried forward  (Suggestion:  Using depreciation on your home may not be a good idea)
• Any W2’s or other information slips received should be placed into Sleeve B
• Calculate depreciation;  you do not have to declare this expense and it cannot be used to create a loss;  however, it can be carried forward for future use (Insert 12)
• Be sure you have all of your original expense receipts attached to any credit/debit card slips
• Calculate any credit card interest charged on business purchases or cash advances (see Insert 19)
• Time to start deciding on IRA contribution amounts
• Did you adopt a child?  See Adoption Credit Form 8839 (adoption expenses are not a deduction) See Insert C(b)

Calculate gambling gains/losses.