TAX RETURN CHECKLIST

=============================================================

IF YOU ARE FILING A STATE RETURN OTHER THAN FOR NEW YORK,

PLEASE SEND US YOUR OUT-OF-STATE TAX BOOKLETS.

=============================================================

1. AMOUNT OF SOCIAL SECURITY RECEIVED. THIS

INFORMATION IS PROVIDED ON A YELLOW FORM FROM THE SOCIAL

SECURITY ADMINISTRATION. IF YOU RECEIVED SOCIAL SECURITY

PAYMENTS , ALSO INCLUDE THE AMOUNT IN TOTAL OF ANY

TAX-EXEMPT MUNICIPAL BOND INTEREST YOU RECEIVED. WE WILL

CALCULATE WHAT PORTION, IF ANY, OF YOUR SOCIAL SECURITY IS

TAXABLE.

2. IF YOU EARNED INCOME IN YONKERS, N.Y. YOU MUST

NOTIFY US. THERE IS NO WAY WE CAN FILE THE PROPER YONKERS

TAX FORMS IF WE DON'T KNOW YOU ARE LIABLE.

3. CHANGES IN NUMBER OF EXEMPTIONS-CHILDREN OR OTHER

DEPENDENTS. ARRIVAL AT 65 BRINGS A NUMBER OF TAX BENEFITS.

LIST CHILDREN'S NAMES, SOCIAL SECURITY NUMBERS AND DATE OF

BIRTH.

4. W2 FORMS, COMMISSION SLIPS (1099s), ETC.

5. DIVIDEND AND INTEREST INCOME-THE EASIEST WAY TO

OBTAIN THIS INFORMATION IS TO ACCUMULATE AND SUBMIT TO US THE

1099 FORMS WHICH YOU ARE RECEIVING FROM THE PAYING COMPANIES

AND BANKS. PLEASE LIST THESE FIGURES ON THE ORGANIZER.

CERTAIN MUNICIPAL BONDS ARE TAXABLE TO NY, BE SURE TO CHECK

WITH YOUR BROKER REGARDING THESE BONDS OR MUNI BOND FUND

TAXABILITY.

6. INFORMATION ON ANY INDIVIDUAL RETIREMENT

ACCOUNTS (IRA). THE BANKS UNDER THE PRESENT LAW WILL NO

LONGER SEND OUT SLIPS INDICATING AMOUNTS DEPOSITED AND/OR

BALANCES. YOU MUST FURNISH THIS INFORMATION TO US. DO NOT

SEND US THE BANKBOOKS.

7. SALES OF STOCK AND/OR BONDS. LIST DATE OF PURCHASE

AND SALE. ALSO, PROVIDE COST (NET, INCLUDING COMMISSIONS)

AND SELLING PRICE (LESS COMMISSIONS).

8. INCOME AND EXPENSES OF RENTAL PROPERTY.

9. UNREIMBURSED BUSINESS EXPENSES. ALSO LIST THOSE

REIMBURSED, AND AMOUNTS.

10. MEDICAL EXPENSES, INCLUDING INSURANCE PREMIUMS FOR

MEDICAL CARE. PLEASE DEDUCT REIMBURSED MEDICAL EXPENSES. ON

AUDIT, THE IRS IS ASKING FOR A LETTER FROM BLUE CROSS AND

OTHER HEALTH INSURANCE COMPANIES AS TO REIMBURSEMENT FOR

MEDICAL EXPENSES.

11. CHARITABLE CONTRIBUTIONS. NAME EACH CHARITY AND

AMOUNT AND INDICATE WHICH YOU HAVE RECEIPTS FOR. IF YOU

CLAIM OVER $500.00 FOR CLOTHING AND FURNITURE THERE ARE

SPECIAL REPORTING REQUIREMENTS.

12. INFORMATION REGARDING THE SALE OR PURCHASE OF A

RESIDENCE. GENERALLY, PROFITS OF LESS THAN $500,000.00

ON THE SALE OF A PRINCIPAL RESIDENCE ARE NOT TAXABLE.

13. REAL ESTATE TAXES, AND STATE AND CITY INCOME TAXES.

LIST SEPARATELY.

14. MISCELLANEOUS DEDUCTIONS SUCH AS CASUALTY LOSSES

WHICH ARE NOT COVERED BY INSURANCE, CHARGES FOR INVESTMENT

SERVICES AND ADVICE, SAFE DEPOSIT BOX RENTALS, UNION DUES,

WORK CLOTHES, TAX RETURN PREPARATION FEES, AND PROFESSIONAL

DUES AND EXPENSES.

15. INTEREST EXPENSE ON MORTGAGES AND MARGIN ACCOUNTS.

16. BABYSITTING SERVICES, DAYCARE CENTER COSTS AND

SLEEPAWAY CAMP FOR YOUR CHILDREN MAY BE A CREDIT AGAINST YOUR

TAX IF BOTH YOU AND YOUR WIFE WORKED FULL TIME. IN ORDER TO

CLAIM THE CREDIT, WE MUST NOW PROVIDE THE IRS WITH THE NAME,

ADDRESS AND TAX IDENTIFICATION NUMBER OF ALL PEOPLE OR

COMPANIES THAT PROVIDED THE CHILD CARE. PLEASE GIVE US THIS

INFORMATION ALONG WITH THE AMOUNT PAID TO EACH PERSON OR

COMPANY.

17. THE DATES AND AMOUNTS OF ALL PAYMENTS MADE, IF ANY,

ON ESTIMATED FEDERAL, STATE AND CITY TAX RETURNS. WE CANNOT

ASSUME PAYMENT WAS MADE UNLESS YOU TELL US. WE GENERALLY

PREPARE DECLARATIONS OF ESTIMATED TAX ON THE BASIS OF INCOME

AND DEDUCTIONS AND INCOME TAX WITHHELD SHOWN IN THE TAX

RETURNS FOR THE PRIOR YEAR. IT IS OUR INTENTION TO PREPARE

YOUR CURRENT DECLARATIONS ACCORDING TO THIS METHOD, UNLESS

YOU INSTRUCT US AS TO YOUR ESTIMATED NEXT YEAR INCOME.

18. ANY INTEREST IN OR SIGNATURE OR OTHER AUTHORITY OVER

A BANK OR BROKERAGE ACCOUNT IN A FOREIGN COUNTRY DURING THE

YEAR.

19. IF YOU HAVE MOVED DURING THE PAST YEAR, FROM OR INTO

NEW YORK CITY OR FROM OR INTO NEW YORK STATE, PLEASE INDICATE

AND WE WILL CONTACT YOU FOR THE DETAILS.

20. AMOUNT OF UNEMPLOYMENT INSURANCE COLLECTED DURING

THE YEAR.

22. ANY OTHER ITEMS ON LAST YEAR'S RETURNS NOT LISTED

ABOVE.

23. KEOGH ACCOUNTS - - - IF WE WILL BE PREPARING YOUR

SERIES 5500 FORMS FOR YOUR KEOGH ACCOUNTS WE NEED THE

BALANCES IN ALL YOUR KEOGH ACCOUNTS AS OF DECEMBER 31.

THERE IS A SEPARATE CHARGE FOR PREPARATION OF THESE KEOGH

FORMS. PLEASE CONTACT YOUR BANK OR INVESTMENT HOUSE THAT

HOLDS YOUR KEOGH ACCOUNTS TO SEE IF THEY PREPARE THEM AS PART

OF THE YEARLY SERVICE.

=============================================================

DUE TO THE INCREASED SOPHISTICATION OF THE IRS COMPUTERS,

THEY ARE CROSS CHECKING TO SEE THAT ALL BANK INTEREST,

INSURANCE COMPANY INTEREST ON POLICIES, DIVIDENDS,

UNEMPLOYMENT INSURANCE PAYMENTS (IF APPLICABLE), W2 AMOUNTS,

STATE REFUNDS AND STOCK TRANSACTIONS ARE BEING INCLUDED ON

TAXPAYER'S TAX RETURNS. ALSO, THE IRS IS CHECKING IF THE

CORRECT AMOUNT OF MORTGAGE INTEREST IS BEING SHOWN ON YOUR

RETURN.

IN MANY INSTANCES, SOME OF OUR CLIENTS HAVE ERRONEOUSLY

FAILED TO INCLUDE ALL OF THEIR DIVIDEND AND INTEREST INCOME.

THIS HAS RESULTED IN OUR BEING REQUIRED TO FILE AMENDED TAX

RETURNS. UNFORTUNATELY, THIS TAKES TIME ON OUR PART,

THEREFORE WE MAY HAVE TO CHARGE. IN ADDITION, THE IRS WILL

IMPOSE PENALTIES FOR THE OMISSION OF ANY OF THE ABOVE ITEMS.

=============================================================

PLEASE TRY TO GIVE US COMPLETE AND ACCURATE INFORMATION THE

FIRST TIME, AS WE PROCESS YOUR RETURNS BY COMPUTER TO ASSURE

MATHEMATICAL ACCURACY AND TO ALLOW US TO CALCULATE YOUR

LOWEST POSSIBLE TAX THROUGH INCOME AVERAGING AND OTHER

METHODS. THIS IS BEING DONE AT A CONSIDERABLE EXPENSE TO US

AND THERE WILL BE A CHARGE FOR ANY CHANGES OR ADDITIONAL

INFORMATION WHICH YOU SUBMIT AFTER WE PREPARE THE RETURNS.

=============================================================

*** IF YOU OWN RENTAL PROPERTY IN THE CITY OF NEW YORK, THE

CITY REQUIRES A YEARLY FILING OF FORM RPIE UNLESS YOUR PROP-

ERTY IS BELOW CERTAIN ASSESSED VALUE THRESHOLDS. WE DO NOT

AUTOMATICALLY PREPARE THESE FORMS FOR YOU UNLESS YOU REQUEST

US TO DO SO. THERE IS A SEPARATE CHARGE FOR THE PREPARATION

OF THESE FORMS. SEND US A COPY OF YOUR LATEST TAX BILL AND

INFORM US NOW THAT WE SHOULD PREPARE THE FORM RPIE.

============================================================

IF WE PREPARED YOUR INCOME TAX RETURNS LAST YEAR, PLEASE DO

NOT SEND US A COPY OF THE RETURN!