30 June 2009
PERSONAL INCOME TAX RETURN CHECKLIST
We have provided you with this checklist to assist in gathering all your information for us to complete the 30 June 2009 income tax return. Please provide all required documentation. Please return the completed checklist with the required information.
Information Required
INCOME
PAYG Payment Summary from Employers: Include ETP’s, Payment Summaries from Centrelink and Superannuation Pensions Interest Received: Provide details of the financial institution including, the account name, number and total TFN deducted. Dividends received: Copies of dividend advices – include dividends re-invested as DRPs Trust & Partnership Distributions: Provide copies of trust and partnership annual taxation summary statements Capital Gains/Losses on Property/Shares/Other Investments Contract and settlement statements for all purchases & sales (include all associated costs, eg., legal costs, agents commissions) Foreign Income: Details of overseas transactions (eg wages, interest, pensions, investments – include any tax paid) Other Income: eg., Primary Production (including stock on hand as at 30 June), business income RENTAL PROPERTY: For each rental property, please provide: Properties purchased/sold during the year: - Copy of purchase contract - Copy of settlement statement, including depreciation schedule & details of construction costs for depreciation purposes. - Copy of Bank Finance Confirmation - Stamp Duty - Legal Fees - Agents Commission - Borrowing Costs/Discharge Fees Current Year Information: - Property address : / / - Date first available for rent during the 2009 year (1/7/08–30/6/09) / / - Date last available for rent Gross Rents received & Other reimbursements Bank Loan Statements (include every page for the year) Agent Summary Rates & Land Tax Other Expenses such as Advertising, Insurance, Maintenance Levies, Pest Control, Inspection Fees and Stationery, Body Corporate - Repairs & Maintenance (Please provide details of all costs of repairs) km - Travel Expenses for inspections: Km’s Travelled cc Engine car size - Furniture & Fixtures Purchased or Sold: (Please provide details of expenditure including date of purchase & cost/proceeds of asset) If you require a detailed summary of depreciation entitlements, please contact our office. If you would like your refund paid into your bank account please provide details: BSB: Account Name: Account #
Information Provided
Not Applicable
Information Required
DEDUCTIONS Please contact our office for an extensive list of work related tax deductions for employees. $ $ $ $ $
Information Provided
Not Applicable
Motor Vehicle Expenses: Registration Insurance Fuel Repairs Leasing expenses
(If the motor vehicle was purchased during the year, please also provide cost and finance details).
Please provide a copy of your log book if applicable Note: Logbooks completed from the 2003/2004 year or earlier, can be used in the 2008/2009 year, otherwise a new logbook for 2008/2009 must be completed Alternatively, please provide the number of business km’s travelled during the year: Km’s Travelled Engine car size km cc
Travel Expenses: Provide a summary of expenditure incurred Uniform/Protective Clothing, Laundry & Dry Cleaning: Provide a summary of expenditure incurred Self Education: E.g. Text books, union fees, course fees (only FEE-HELP and OS-HELP), travel expenses and home office expenses. You cannot claim contributions or repayments that are made under HECS-HELP, HELP or SFSS. Other Work Expenses: eg Union fees, subscriptions, home office, computer expenses, mobile phone, other course fees, books, journals, seminars, sun protection products Dividend & Interest Expenses: eg., bank charges, interest on borrowings for investments Donations: Please provide receipts of donations paid Tax Agent/Accounting Fees (in addition to Accrue tax preparation fees) Non-Employer Sponsored Superannuation: Personal superannuation contributions (please provide a copy of the acknowledgement notice issued by your superannuation fund) Superannuation Fund Policy # Amount Date of last contribution $ / / Note: You may be entitled to the super co-contribution of up to $1,500 if you do not claim superannuation as a deduction. Other Deductions: eg Sickness & Accident Insurance TAX OFFSETS/REBATES Family Tax Benefit (FTB): From the 2009 financial year Family Tax Benefits will no longer be claimable through the tax system. All FTB claims must be lodged through the Family Assistance Office. Education Tax Rebate (ETR): You need to qualify for FTB Part A in order to claim the ETR. If you are eligible for the ETR please provide copies of all receipts for purchases made for eligible education expense (e.g. computers, computer accessories and software, textbooks, stationery, etc.) Baby Bonus: Did you have a baby on or after 1 July 2001 and before 1 July 2004? If so, please provide the child’s name and date of birth. Medical Expenses: Net medical expenses (including pharmaceuticals) over $1,500 (after refunds from Medicare & Health Funds) for yourself, spouse, children under 21, and dependant children under 25. Spouse Superannuation: Contributions on behalf of non-working or low income spouse. SPOUSE TAXABLE INCOME: If we don’t prepare your spouse’s tax return Spouse Full Name Date of Birth Tax File Number / / Did your spouse claim Family Tax Assistance? Yes 2009 Taxable Income $ No
PRIVATE HEALTH INSURANCE: Please provide a copy of your Annual Private Health Insurance Statement issued by your Health Fund.