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Wow!  Made it through another tax filing season!!  It’s time now to record any current or upcoming changes

  • Thinking of purchasing your first home? Your first home may be a house, condominium, co-operative apartment, mobile home, houseboat or house trailer.  Don’t miss out on tax deductions or credits.  See Pub 530 “Tax Information for First-Time Homeowners"
  • Thinking of starting your own business?  See Insert D for information that must be recorded and make note of  Insert 16 if this is to be a home-based business.  Helpful Hint: Any costs associated with start up, research or travel are tax deductible if incurred to start the new business
  • Have you or are you contemplating the purchase of a new vehicle?  If so, be sure to record any transaction on Insert 13.  Also, keep any transaction receipts in  Sleeve 13.  Helpful Hint:  Record the odometer reading

Be sure to update Insert A often!

 
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