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PFAHNL & HUNT
PERSONAL INCOME TAX ORGANIZER
AND DEDUCTION FINDER

Pfahnl & Hunt would like to help you prepare for the '98 tax season with this personal income tax organizer and deduction finder.

Checklist - Items Your Consultant Will Need

	1. Your completed Tax Organizer and Deduction Finder. We will keep this organizer in our files with a copy of your completed return.
	2. All W-2 Forms (wages), and all 1099 Forms (interest --1099-INT; dividends --1099-DIV; sale of securities --1099-B; annuities & pensions --1099-R; IRA/Keogh or other retirement plan withdrawals --1099-R; state tax refund --1099-G; Social Security --SSA-1099; unemployment compensation --1099-G; and commissions and fees --1099-MISC). Include all copies.
	3. Copies of all returns (K-1s) for partnerships, joint ventures, S corporations, estates, or trusts. (See note below.)
	4. If you sold real estate, stock, or a mutual fund during the year, see STEP 2, Questions 5 and 7.
	5. If you refinanced your home or other property this year, bring a copy of your closing statement.
	6. Estimated (ES) tax forms sent to you by the government if you are making estimated tax payments.
	7. If you are a new client, provide copies of last year's tax returns.

Note: You do not need items #3 or #6 above in order to make your tax appointment. These items may be dropped off or mailed to your accountant at a later date.

Please complete and print this form and fax it to Pfahnl & Hunt at (408)993-8257
or bring it with you to your consultation.

1998	Personal Information

Last Name	First Name	Middle Name

SSN	Date of Birth	Occupation	Blind

Spouse's Name

Present Address

City	State	Zip

Address on Last Year's Return (if changed)

Work Phone	Best Time to Call
Home Phone	Best Time to Call

STEP 1

Every Taxpayer: Complete STEPS 1, 2, and 3.

FILING STATUS
Single	Married Filing Joint	Surviving Widow(er) with dependent	Unmarried Head of Household
Married and Separate Return
Spouse's Name		Spouse's SSN

In Year 1998 ONLY:
Married
Date
Divorced
Date
Spouse Died
Date

DEPENDENTS

Dependents -- Children living with you age 18 or younger. If the child is between the ages of 19 and 23 and attends school full time for at least five months during the school year, place an "S" after the name.

New in 1998: Child tax credit up to $400 for each qualifying child under age 17. Credit is phased out based on Adjusted Gross Income.

Name	Birthdate	Grade	SSN

OTHER DEPENDENTS

	Check if you are claiming an exemption(s) for a child(ren) not living with you, but the exemption(s) is allowed under a pre-1985 divorce agreement.
	Check if any of your dependent children have unearned income over $700. Unearned income consists of interest, dividends, capital gains, etc.
	Check if any of your dependent children (whom you have listed above) will be filing their own tax returns.
	Check if your EXEMPTIONS changed since last year. Examples: reached age 65, births, deaths, children you can no longer claim.
	Check if you or your spouse are legally blind or disabled.
	Check if you were unmarried at the end of the tax year and you maintained a household and contributed over half the cost of maintaining the household which was the principal residence of a child or relative for more than half the year. If you provide over half the support of a parent or parents (whether or not they lived with you) you may be able to claim them as dependents.

STEP 2

Answer Carefully. You may have an item of Tax Consequence that should be accounted for in your return.

	Yes	No
1.			Have you, or do you plan on contributing to an IRA, SEP, Keogh, or SIMPLE plan for tax year 1998? If yes, Self $ IRA-SEP-Keogh-SIMPLE (Circle one). Spouse $ IRA-SEP-Keogh-SIMPLE (Circle one). [Last or full payment must be made by 4-15-99, for IRAs; and by due date of return (including extensions) for SEP, Keogh, and SIMPLE.]
2.			Are you or your spouse an active participant in an employer provided retirement plan such as pension, profit sharing, 408(k), or stock purchase plan?
3.			If you are subject to the IRA deduction limitations based on adjusted gross income, do you want to contribute the maximum allowed as a deduction? If yes, are you planning to make any nondeductible IRA contributions? Yes No.
4.			Have you, or do you plan on contributing to a nondeductible Roth IRA for tax year 1998?
5.			Did you have a retirement plan withdrawal, rollover, or lump-sum distribution during the past year? If yes, include Form 1099-R.
6.			Did you incur any education expenses (tuition and fees) in 1998 on behalf of either you, your spouse, or a dependent? If yes, you may qualify for either one of two new tax credits available.
7.			Did you pay any educational loan interest in 1998?
8.			Did you sell stock, a mutual fund, or other investment securities? If yes, your accountant will need Form 1099-B, plus items 1-6 in Question 10 below.
9.			Do you have any worthless securities or uncollectible bad depts? (Bad debts with relatives usually are not deductible.)
10.			Did you buy or sell a home or other real estate? If yes, provide: (1)description of property, (2)date of purchase, (3)date of sale, (4)purchase price, (5)selling price, (6)selling expenses, (7)improvements, and (8) closing statements for purchase and/or sale.
11.			Did you refinance your home or other realestate during the year? If yes, your accountant will want to see the closing statement.
12.			Are you paying CHILD CARE (nursery school, babysitting, household help) for your dependent children age 12 or under or a handicapped person in order for you to be gainfully employed, attend school, or look for a job? If yes, how much did you pay in 1998? $. Number of children . IRS Requires: Name, address, and taxpayer ID number of child care provider to claim the credit
13.			If you checked yes to Question 12, was any portion of your child care expenses paid or reimbursed through an employer sponsored daycare plan? If yes, list amount $. Note: This amount should agree with the amount entered on your W-2 form, Box 10.
14.			Did you incur any premature withdrawal penalties from a timed savings account? If yes, amount of penalty $.
15.			Did you pay alimony during the tax year? If yes, to , SSN. Amount $.
16.			Did you pay any educational loan interest in 1998?
17.			Did you receive any tips or gratuities during the year? If yes, were all tips reported to your employer? Yes No
18.			Did you trravel between more than one job location during any working day, or travel from your residence to any temporary work location? If yes, see Step 7. Note: Traveling to and from work is nondeductible commuting.
19.			Are you making loan payments on a boat or recreational vehicle that has basic living accomodations such as sleeping space, a toilet, and cooking facilities?
20.			Did you move because of a job change? If yes, you may qualify to deduct moving expenses--ask your accountant.
21.			Do you have any income from a foreign investment, such as interest earned in a foreing bank account? If yes, provide information.
22.			Did either you or your spouse attain the age of 70 1/2 during the year? If yes, ask your accountant about required retirement plan withdrawals.
23.			Did you at any time during the year employ any individual to perform household services; such as babysitting, cleaning, cooking, or gardening?
24.			During the past tax year were there any changes made (Federal or State) in any of your previously filed tax returns? If yes, include information.
25.			Do you wish to designate $3 of your tax to the Election Campaign Fund? (Does not cost you.)
26.			If you are due a Federal refund, would you like the IRS to directly deposit the refund into your checking or savings account?
27.			Do you expect your income or deductions to change DRAMATICALLY in the following year?

STEP 3

INCOME. Round all figures to the nearest dollar.

Wages -- Provide all copies of W-2 Forms

Wages: Number of W-2 forms (Enter number of forms only; not amounts.)
Number of W-2 Forms For:
Self
Spouse

Dividend and Interest Income

Provide all 1099 Forms which include interest and/or dividend income. You may provide a listing of your interest and dividends on a separate sheet, but your tax accountant will still need the actual 1099-INT and 1099-DIV Forms. See Step 2, Question 21.

Municipal Bond Interest

Total Municipal Bond interest earned in 1998 = $. Provide statements received from all Payers. Municipal bond interest must be reported on all tax returns even if it is nontaxable. It is used to determine taxable portion of Social Security benefits.
Does the above total include interest from "Private Activity" Municipal bonds? Yes No . If yes, list amount. $.

Installment Sale Payments Received

Installment Seles -- Name, Address, SSN required.
Interest Portion = $; Principal Portion = $.
Name:
Address:
SSN:

Retirement Plan Distributions -- Pensions, Annuities, Rollovers, IRA, SEP, Keogh, Lump-Sum Distribution, or other Retirement Plan Withdrawals

Provide all copies of the 1099-R Forms received for the above sources of retirement plan income.

Partnership, Estate, Trust, S Corporation

Provide all year-end reports and/or Schedules K-1 you received for tax year 1998.

Social Security Benefits

Provide SSA-1099 Forms(s) received.

Railroad Retirement Benefits

Provide RRB-1099 Form(s) received.

Other Income -- Provide all 1099s, etc.

State Income Tax Refund (1099-G Form)
Unemployment Compensation (1099-G Form)
Alimony Received (Do not include child support)
Commissions and Fees	(STEP 4)
Tips and Gratuities (If not reported on W-2.)
Farm Income (List income & expenses on a separate sheet.)
Bonuses and Prizes (If not reported on W-2.) (Explain.)
Taxable Disability Income (If not reported on W-2.)
Jury Duty -- Election Board Fees
Gambling/Lottery
Bartering
Other
Other

Nontaxable Income

Veteran's Pension & Disability
Worker's Compensation or SDI
Other

Questions You Have:

STEP 4

Self-Employed Income (See Steps 6 & 7.)

Business Activity --

Business Product --

Business Name --

Gross Receipts -- Provide all 1099 Forms	$
Inventory -- Beginning of Year
Merchandise Purchases
Cost of Product for Personal Use
Labor, Materials, Supplies
Inventory -- End of Year

STEP 5

Rental Income

A -- Property Address:

B -- Property Address:

	A	B
Rents Received	$	$

(List damage deposits separately.)
IMPORTANT: Rental Properties: Did you use the property for personal purposes more than 14 days this year? Yes No

STEP 6

Self-Employed Expenses, Rental Expenses, and Business Use of Home Expenses.

For business property or equipment pruchase or sales -- provide separate schedule listing dates, price/costs, description, etc.
Do you qualify for business use of home? Yes No (Step 7)

Use Correct Column.	Self Employed	Business Use of Home	Rental A	Rental B
Auto, Travel, Meals, & Entertainment	-----See Step 7-----
Advertising		XXXX
Business Phone/Long Distance Calls		XXXX
Commissions & Fees Paid		XXXX
Insurance
Interest: Mortgage -- Form 1098
Interest: Contract for Deed --
Name:
Address:
SSN:
Other Interest:		XXXX
Legal & Other Prodessional Fees		XXXX
General Office Supplies		XXXX
Rent Paid
Repairs (For large items -- See Below.)
Cleaning & Maintenance
Equipment Supplies (Large Items See Below)		XXXX
Small Hand Tools		XXXX
Taxes: Real Estate
Taxes: Other
Utilities: Electric Heat	XXXX	XXXX	XXXX	XXXX
Water, Sewer, Trash	XXXX	XXXX	XXXX	XXXX
Other Total Utilities:
Wages		XXXX
Education		XXXX
Professional Dues & Publications		XXXX
Postage & Freight		XXXX
Management Fees/Caretaker
Association Dues
Bank Charges		XXXX
Yard Work/Snow Removal
Other

Equipment/Improvements

Items expected to last more than 1 year. Provide separate listing. Do not duplicate in above expense categories. Include description, date purchased, and cost. Provide acutal receipts if available.

STEP 7

Employee & Self Employed

Travel and Entertainment Expenses

Number of days away from home:
Use correct column	Employee	Self Employed	Rentals
Airplane, Train, Taxi, Auto Rental, Tips
Meals, Tips, Entertainment
Lodging, Cleaning
Telephone, Telegrams
Postage & Freight
Office Supplies
Office Equipment (Attach Info)
Other
Other

Reimbursements

1) Were you reimbursed for any of the above expenses? Yes No
2) If yes, is the reimbursement included in your W-2? Yes No

Automobile Expense

Travel expenses between home and a temporary work location within your metropolitan area are not deductible unless one of two tests are met: (1) you have one or more regular work locations away from your home, or (2) you qualify for a business use of home deduction.

Taxpayers claiming deductions for any business use of vehicles must divide the expenses as folows: personal portion, commuting portion, and the deductible business-use portion. See mileage breakdown below.

There are two methods to determine the deduction for automobiles and trucks used for business: (1) Actual Expenses, or (2) Standard Mileage Rate (32.5 cents/mile). New for 1998: You may claim the standard mileage method whether you own or lease your vehicle (prior to 1998 you must have owned the vehicle). The standard mileage method must then be used for the remaining lease period.

For each vehicle used for business purposes complete lines 1-6.
If you use the standard mileage allowance, ignore lines 7-13.
If you purchased a vehicle this year and you DO NOT use the standard mileage allowance, provide a copy of the sales invoice.

Tax Tips

A) Equipment Expensing Election: Up to $18,500 of qualifying business equipment purchased in 1998 may be expensed currently in lieu of depreciation. (Maximum limit is $3,160 for business vehicles.
B) Business Use of Home Deduction: Two primary factors are used to determine if deductions are allowed for the business use of home. The home area used for business must be the place where (1) the most important activities are performed, and (2) most of taxpayer's time is spent. Exception: Space to store inventory or product samples.
C) Per Diem Meal Rates: In lieu of using actual expenses incurred for meals and incidental expenses, self-employed individuals may deduct per diem amounts equal to or less than IRS-approved rates. The four possible Meals and Incidental Expense (M&E) rates are: $30, $34, $38, and $42--depending on the location of travel.
D) Auto Loan Interest: Self-employed taxpayers are allowed a deduction for the business portion of auto loan interest. Note: Business portion of auto loan interest for an employee is considered nondeductible personal interest.
E) Self-Employed Health Insurance Deduction for 1998: Up to 45% of health insurance premiums may be deducted. The deduction is not allowed for any month that the self-employed individual or his/her spouse is elegible to participate in a subsidized health plan maintained by an employer.
F) Medical Savings Accounts (MSAs): Effective 1-1-97, IRA-type medical savings accounts are allowed for (1) self employeds, and (2) employees of a small employer (50 or fewer employees); covered by a high annual deductible (deductible must be between $1,500 and $2,250 for individuals, and between $3,000 and $4,500 for families) health insurance plan. Tax deductible contributions to MSAs are subject to an annual limit. Distributions from MSAs are tax free and penalty free if used for qualified medical expenses.
G) SIMPLE Plans (Savings Incentive Match Plans For Employees): Effectivbe 1-1-97, certain employers (including self-employed individuals) may establish a SIMPLE plan which is similar to a 401(k) plan in that the employee can elect to defer compensation tax free, and the employer can make tax deductible matching contributions to the plan for the employee's benefit. The plan may be established as either an IRA or 401(k); employees may contribute up to $6,000 per year; and the employer must make either matching or nonelective contributions under a specific formula. A SIMPLE plan is not subject to nondiscrimination rules of the top-heavy plan rules that generally apply to qualified plans.

AUTOMOBILE:

1) Total miles driven this year:
2) Mileage breakdown of (1) above:
Business =
Commuting =
Personal =
3) Description of vehicle:
4) Date vehicle was first used for business:
5) Interest paid on vehicle:	$	$	$
6) Parking and Tolls:
7) Base Price =
Less Trade In =	( )	( )	( )
Net Price =
Plus Sales Tax =
TOTAL COST =
OR Lease Payments =
8) Gasoline, Oil, Lubrication:
9) Repairs, Maintenance, Car Washes:
10) Tires, Supplies:
11) Insurance:
12) Tags and Licenses:
13) Garage Rent:
14) Other:

Question for All Taxpayers Claiming Automobile Expenses
1) Do you have evidence to support your deduction?
2) If yes, is the evidence written?
3) Do you (or your spouse) have another vehicle available for personal use?
4) Do you have an employer-provided vehicle which is available for personal use?
5) Were you reimbursed for any of the above auto expenses?
6) If yes, is the reimbursement included in your W-2?

Recordkeeping: IRS does not have to allow your claimed deduction unless you have evidence to support your deduction. Although daily records are not required, they are preferred during an audit.

STEP 8

1998 Estimated Tax Payments

NOTE: Estimated Tax Payments
If you itemize deductions on your Federal income tax return, it is usually to your advantage to pay your last STATE tax estimate in December, instead of in January.

1998 WITHHOLDING
Do NOT include withholding from 1099s (for example interest, dividends, pensions, etc.), in estimated tax payments.

	FEDERAL	Date Paid	STATE	Date Paid
Amount applied from your 1997 refund, if any.
FIRST Quarter (Do not include balance due from last year.)
SECOND Quarter
THIRD Quarter
FOURTH Quarter
TOTAL 1998 ESTIMATES

STEP 9

Itemized Deductions
(ROUND ALL FIGURES TO THE NEAREST DOLLAR.)
(Do Not Total Any Columns.)

Note: Complete Step 9 only if you think your total itemized deductions will exceed the IRS Standard Deduction for your filing status. (See Below).

-- 1998 Standard Deduction

Filing Status	Standard Deduction	+ Add for Blind and/or Over 65
Married Filing Jointly, or Widow(er)	$7,100	$850
Single	$4,250	$1,050
Head of Household	$6,250	$1,050
Married Filing Separately	$3,550	$850

MEDICAL EXPENSES
(Note: Deductible only if your net cost exceeds 7.5% of your Adjusted Gross Income.)

Do NOT include any amounts paid for or reimbursed by medical insurance or any other type of insurance. Also do NOT include health insurance premuims paid with pre-tax income.

Did you pay any medical expenses for a person you can not claim as a dependent? Yes No. If yes, ask your accountant.

Hospitalization & Health Insurance Premiums Include amounts paid or withheld at work.
Medicare Insurance Premiums Paid (Form SSA-1099)
Long-Term-Care Insurance Premiums
Contact Lens Insurance
Dental Insurance
Prescribed Drugs and Insulin
Doctors & Clinics
Phone Toll Charges for Medical Purposes
Dentists & Orthodontists
Glasses, Contact Lenses, Eye Examinations
Hospitals, Nurses, Alcoholism Treatment, Ambulance
Lab Tests, Therapy, X-Ray, Anesthesiology
Prescribed Medical Equipment
Corrective Devices, Thermometers, Vaporizers
Hearing Aids, Batteries, & Related Equipment Costs
Vasectomy/Tubal Ligation/Abortion Costs
Special Foods (if prescribed)
Nursing or Retirement Home (Medical care only)
Schooling for Handicapped
Cosmetic Surgery: Generally not deductible unless it corrects a congenital abnormality, a disfiguring disease, or an injury.
Medical Transportation (taxi, bus, ambulance, etc.)
Medical Miles: @10 cents = + Parking
Lodging While Obtaining Medical Treatment

TAXES

State or City Income Taxes Withheld
State Income Taxes Paid on Estimates in 1998 Calendar Year
State Income Taxes Paid This Year for Prior Tax Years
Other
Real Estate Taxes -- Homestead (Less special assessments)
Property Tax Refund
State or City Income Taxes Withheld
Other Real Estate Taxes (2nd home, cabin, etc.)
Special Assessments -- Interest Portion Only
Personal Property Taxes
Other
Other

CASUALTY LOSS
(Auto Accident, Fire, Theft, Storm, etc.) Deductible only if your combined net loss -- after insurance claim -- exceeds 10% of Adjusted Gross Income

INTEREST PAID

Primary Residence

2nd Home, Cabin, etc.

1st Mortgage Interest -- *Provide Forms
*2nd Mortgage
*Home Equity/Home Improvement Loan
Loan Points (Step 2, Question 11)
Points Amortization
Contract for Deed -- Must list Name/Address/SSN
Name:
Address:
SSN:

Investment Interest Paid

CONTRIBUTIONS
Use separate sheet if needed.

Churches or Synagogues
Churches or Synagogues
United Campaign (Include payroll deductions.)
Cancer or Heart
Scouts Boy/Girl
M.S./M.D./March of Dimes
Food Shelf
Other
Other
Other
Out-of-Pocket Expenses for Charitable Work
Vets/Goodwill/Salvation Army, etc. (Cash Only) *NONCASH SEE BELOW
*Fair Market Value of Items given to Charities. If over $500, Provide Documentation.
Charitable Mileage on Auto: Miles @ 14 cents =
Other

MISCELLANEOUS
DO NOT DUPLICATE STEP 7.

Deductible only if total exceeds 2% of Adjusted Gross Income.

Union Dues and Professional Dues
Professional Licenses and Fees
Professional or Work Related Subscriptions, Journals, etc.
Tools/Supplies Purchased for Job
Safety Equipment (Helmets, shoes, protective clothing, etc.)
Special Uniforms for Job and Their Cleaning: Uniforms $ Cleaning $ Total =
Business Mileage -- List in Step 7. Includes business travel for employer; travel to professional meetings; travel from your residence to a temporary work location; travel between 1st and 2nd job on same business day; job seeking mileage; and educational travel between job and school.
Employment Related Schooling or Seminars: Tuition/Fees, Books/Supplies, Parking
Travel and Entertainment expenses.	See Step 7.
Job Seeking Expenses in Same Field: Travel/Air Fare/Lodging $ Food $ Employment Agency Fees $ Resume $ Other $ Total =
Tax Prep Financial Planning/Consultation Fees
Investment Expenses: Phone/Postage/Supplies for Investments $ Safe Deposit Box $ Investment Publications & Journals $ IRA & Keogh Fees You Paid Directly $ Total =
Gambling Losses: Limited to TOTAL Gambling Winnings
Other