• Back to school!  Post-secondary students, be sure to keep your tuition, textbook receipts and student loan interest paid statements in Sleeve C
• Thinking of starting a new business? (Complete Insert D)  Helpful Hint:  Any costs incurred for travel, supplies, set up legal or accounting fees,  research, etc (known as pre-opening expenses) are a tax deduction even though business has not yet been launched.  Setup also involves registration and applications for accounts such as:
  • Employer Identification Number
  • State sales tax number (if applicable)
  • Business Bank Account
  • Worker’s Compensation account
• Note: If you are going to enter into a partnership, it is a good idea to have a legal partnership agreement executed.  Watch for the “DocuTimer” available soon, designed just for these types of documents and will fit into your TaxTimer so that everything related to your business is all together in the same portfolio.
  

Home-based Business?  See Insert 16