- Prepare your 2009 TaxTimer to be sure new records are not confused with 2008 information
- Update your 2009 TaxTimer Inserts A, B, C and D. Verify colour coding
- Transfer any warranty, loan or lease agreements not yet expired to your 2009 TaxTimer (Sleeve 19)
- Request from your lender, any principle balances owing as of year end on loans or mortgages (Inserts 4 and 16)
- Be sure to record your year end odometer reading on your business vehicle (Insert 7 (b) )
- If you have unreimbursed employment expenses (Insert C (b) ) prepare Form 2106
- Record carry forwards that could be used
- If you need to prepare W2 or 1099 forms for employees, remember that they must be furnished to each employee by January 31. (Keep your copies in Sleeve 8)
- If you have a Home Mortgage Interest deduction (Insert C (b) ) request from the recipient (mortgage holder) a Form 1098
- Collect all daycare and tuition receipts (Sleeve C)
Helpful Hint: If you are not sure, throw the document in the folder anyway! It may be useful.
What has changed since last year?
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