Valentine Seevers & Associates, PC
28000 Meadow Drive, Suite 104
Evergreen, CO 80439
Your Tax Organizer Worksheets for 2010 are enclosed. We begin work on income tax
returns on a first-in, first-out basis. Therefore, this booklet should be completed and
returned to us as soon as the majority (not necessarily all)of your tax data is assembled
(probably early February). Late arrivinginformation, such as 1099s, partnership K-1s,
S corporation and trust data should be sent separately,as you receive it (usually in early
As usual, please provide us with the following documentation:
·• A copy of your 2009 tax return, if not prepared by this office
·• Form(s) W-2 (wages, etc.)
·• Form(s) 1099 (interest, dividends, etc.)
·• Schedule(s) K-1 (income/loss from partnerships, S corporations, etc.)
·• Form(s) 1098 (mortgage interest) and property tax statements
·• Vehicle registration cards
·• 1099 Brokerage statements from stock, bond or other investment transactions
---(including realized gain/loss summaries)
---(some brokerages can provide Excel downloads that can significantly
reduce ---our time and therefore your fees)
·• Closing statements pertaining to real estate transactions
·• All other supporting documents (schedules, checkbooks, etc.)
·• Any tax notices received from the IRS or other taxing authorities
The organizer booklet is designed to help you organize your data for 2010. Please
complete the "2010 Amount" columns only. It is NOT necessary to transcribe
information from government forms you are already providing us to the organizer
"2010 Amount" columns. Save yourself that time. We can get what we need from the
W-2's, 1099s, etc. The information printed in the "2009 Amount" column is what was
reported on your 2009 return and is included only to assist you in completing the
organizer. New information may be added on the appropriate pages or by attaching
separate sheets or sending us an email if easier for you (email@example.com). The ages of
the taxpayer(s) and children are an important aspect of many tax provisions. Please verify
that our records reflect your accurate birth date(s).
As you are summarizing your information in the booklet, keep in mind that it will not be
necessary for you to furnish us with canceled checks and receipts. However, you need to
provide us with: ALL W-2's, 1099's, K-1's and other government forms which report
items of income and deductions, and copies of your settlement statements for all home
sales, purchases, and refinances.
If you expect to have a Colorado tax liability for 2010 and are due to or plan to make an
estimated tax payment, please be aware that your Colorado estimate must be paid
(postmarked) by December 31 , in order to deduct those taxes in 2010. Although the
estimate is not due until January 15, 2011, it will not be deductible in 2010 unless it is
PAID in 2010. Please note that it is NOT necessary to pay the fourth quarter Federal
estimate until the due date, January 15, 2011, as there is NO tax advantage for paying
TAX LAW NOTES
Recent tax legislation can affect your tax situation in a variety of ways. Many of the
provisions do not take effect until sometime in the future. Highlights of some provisions
that apply to many of our clients are noted below. Tax law is a moving target and the
information provided below is the most up-to-date at press time. Of course, you are
welcome to call the office or stop by to discuss the tax impact of any major transactions
that you are considering.
EDUCATION RELATED HIGHLIGHTS
ESAs and 529 plans: Taxpayers are allowed to contribute up to $2,000 in after tax
dollars per child into an Educational Savings Account (ESA). The maximum any child
can receive in an ESA during 2010 from all sources is $2,000. The earnings will grow
tax free and are not taxable when the child withdraws from the account if used to pay for
education, including eligible elementary, secondary and college education expenses. In
addition, taxpayers may contribute to a "529" Qualified Tuition Program (QTP) tuition
plan. This is a plan established by a state or educational institution that provides account
owners and beneficiaries with a tax-free way of paying for higher education costs,
including room and board fees, and for computer technology and internet access for the
designated 529 student while enrolled at an eligible educational institution.
Investments in both plans grow tax free and some states allow a tax deduction for
contributions. Contributions to a Colorado 529 plan are deductible for Colorado income
Please note that while either type of account may be used for post secondary or higher
education expenses, only the ESA account is eligible for payment of elementary and
secondary education expenses. Due to the lower annual contribution amount, it is
beneficial to make contributions from birth for those that anticipate using ESA account
funds to pay for elementary and/or secondary education expenses.
American Opportunity and Lifetime Learning Credits: For 2010, the American
Opportunity Credit was increased to 100% of qualified tuition and related expenses not in
excess of $2,000 plus 25% of expenses between $2,000 and $4,000 for a maximum credit
of $2,500. The Lifetime Learning Credit may be claimed for the qualified tuition and
related expenses of the students in the taxpayer's family (i.e., the taxpayer, the taxpayer's
spouse, or an eligible dependent) who are enrolled in eligible educational institutions.
The credit is equal to 20 percent of the taxpayer's out-of-pocket expenses up to a
maximum of $10,000 in expenses. Thus, the maximum Lifetime Learning Credit a
taxpayer may claim after 2002 is $2,000. The lifetime learning credit currently has a total
maximum of $3,000. A taxpayer cannot claim both a Lifetime Learning Credit and a
American Opportunity Credit for the same student in the same year. These credits, as
with most, are subject to AGI limitations.
RETIREMENT RELATED HIGHLIGHTS
The IRA and ROTH IRA contribution limitation for taxpayers age 49 and under remains
$5,000 for 2010. The limit for taxpayers over the age of 49 by 12/31/2010 remains
$6,000. 2011 limits will be the same as 2010.
RMD reinstated for 2010: Although a temporary moratorium for required minimum
distributions (RMD) from retirement accounts was in place for 2009, people that turn 70
1/2 years old during 2010 were required to begin taking required minimum distributions
from their retirement accounts again in 2010 and beyond. Be sure to call us if you are 70
1/2 or older during 2010 and have not already discussed with us or your retirement
account trustee what your RMD needs to be for 2010.
IRA Withdrawals for Charity: A withdrawal of up to $100,000 per year from a
traditional individual retirement account (IRA), which would otherwise be included in
income, are excluded from income if the distribution is made to a charity. To qualify for
this special provision, the IRA owner must be older than 70 1/2 on the date of the
distribution and the charitable distribution must be made directly to a tax-exempt
organization to which tax tax deductible contributions are ordinarily deductible.
Individuals may not claim an itemized deduction for the contribution, and the amounts
contributed by the IRA are not included in total charitable contributions for purposes of
applying the annual AGI limitations. However, the charitable distributions will be taken
into account for purposes of the minimum distribution rules.
ROTH 401(K): Several employers now offer a ROTH 401(k) designation. There is no
income limit to determine eligibility for a Roth 401(k). This is an excellent retirement
investment vehicle for many of our clients. Taxpayers may invest up to $16,500 of after
tax dollars and the tax-free growth will never be taxable upon qualified withdrawal after
age 59 ½. Designated Roth 401(k) accounts are subject to the required minimum
distribution requirements for taxpayers who reach age 70 1/2. However, because a
participant may roll over amounts in his designated Roth 401(k) account to a Roth IRA
(which is not subject to the lifetime required minimum distribution requirements), it may
be possible to arrange to keep designated Roth contributions, plus earnings, in a
Roth-type account throughout your retirement. The 2010 maximum annual elective
deferral for 401(k) plans, Roth or Traditional, is $16,500, $22,000 for individuals over
the age of 49 by 12/31/2010. Both limits remain the unchanged for 2011.
The limit for pre tax contributions to SIMPLE plans is $11,500 for 2010 and 2011.
Taxpayers over the age of 49 by 12/31/2010 may qualify for an additional "catch up"
contribution of $2,500 for 2010 and 2011.
If an employee participates in any other employer plan during the year and has elective
salary reductions under those plans, the total amount of the salary reduction contributions
that an employee can make to all of the plans he or she participates in is limited to
$16,500 for 2010 and 2011.
ROTH IRA CONVERSION - As mentioned in our letter last year, 2010 is a VERY
IMPORTANTyear for ROTH IRA conversions. ROTH conversions are typically only
available to taxpayers with AGI less than $100,000. HOWEVER, this AGI limitation is
temporarily removed in 2010. We expect the AGI limit to return in 2011. So there is a
narrow window to realize permanent tax savings for many of our clients. Therefore,
taxpayers normally not eligible to make ROTH contributions or to convert to a ROTH
should consider taking action now to convert before the end of 2010 if they can afford to
pay the income tax over the next 2 years.
As with any decision, choosing to convert a traditional IRA, or funds that have been
rolled over from a qualified retirement plan (like a SEP IRA, or Simple (do NOT convert
amounts within 2 years of contributing to a SIMPLE), or 401(k)) is a cost/benefit
analysis. In some cases, it does not make sense to convert; the major argument against
converting is that you expect that you will be in a lower tax bracket in retirement than in
the year of conversion. However, consider the following:
Your cost to convert is the tax on the amount converted as it is income taxable and the tax
will be equally spread over the 2 following tax years (2011 and 2012) to the conversion
year (unless you elect to have all of the conversion taxed in 2010 if you prefer to pay at
current tax rates, for example).
Your benefits to converting are likely many. For example, a ROTH IRA is self-directed,
but a 401k or other plan might be limited to specific mutual fund choices, there is not a
Required Minimum Distribution at 70 1/2 like traditional retirement savings accounts,
additional contributions can be made to a ROTH IRA after 70 1/2, and probably the best
benefit is that no matter how big the gains are in your ROTH accounts, qualified
distributions are NEVER subject to income tax. This means that of the investment
choices for all of your assets, the most risky of your portfolio should be in your ROTH
You should discuss with your financial planner your investment options with your ROTH
and other accounts. Although we are intentionally not selling or pushing investments, we
will be happy to give you a few names of independent financial planners we trust that you
can interview to help you plan for your financial future. We hope you think of us as an
impartial advisor and use us as a 2nd opinion to see if your advisors are giving you sound
Please call our office and we will be happy to help you plan on this once in a lifetime
switch to shelter future income from taxability.
HOME OWNERSHIP RELATED HIGHLIGHTS
First time home buyer's credit: For home buyers that had not previously owned and lived
in a house that was their primary residence (bona fide rental property does not count) for
the 36 months before entering into a contract to purchase a home by April 30, 2010 and
closing by September 30, 2010, the refundable credit is equal to the lesser of 10% or
$8,000 of the purchase price. This credit is subject to AGI limitations. Unlike with prior
home buyer credits, there is no recapture provision for credits applying to homes
purchased January 1 through April 30, 2010.
Move up home buyer's credit: For home buyers that had lived in their primary residence
(bona fide rental property does not count) for the 60 of the preceding 96 months before
entering into a contract to purchase a home by April 30, 2010 and closing by September
30, 2010, the refundable credit is equal to the lesser of 10% or $6,500 of the purchase
price for homes not exceeding a price of $800,000. This credit is subject to AGI
limitations. Unlike with prior home buyer credits, there is no recapture provision for
credits applying to homes purchased January 1 through April 30, 2010.
(note: for both of the above credits, if married, then both need to meet qualifications.)
Additional Standard Deduction for Property Taxes: For homeowners that will not
itemize deductions, but owned a home in 2010, there is an additional standard deduction
available for the lesser of property taxes paid during 2010 or $500 ($1,000 for married
Home Sale Exclusion Changes: Taxpayers selling a home that they have lived in for 2
of the previous 5 years, will generally be able to exclude, under section 121, up to
$250,000 ($500,000 for MFJ) of the gain on the sale of their home. However, for home
sales after 12/31/2008 this exclusion is reduced by a ratio for non-qualified use (vacation
or rental property) over qualified use. This closed a previously beneficial loophole that
allowed taxpayers to convert rental properties to primary residences, live in them for 2
years and sell the home and permanently avoid capital gains tax. There will still be such
a tax advantage for people moving into rental homes, but that advantage diminishes the
longer the home is a rental property beyond January 1, 2009 and on the contrary gets
better the longer the property is used as primary residence after January 1, 2009.
Energy Credits : Check out www.energytaxincentives.org for details on all types of
energy credits. These credits are intended to promote the purchase of energy efficient
residential property during 2010. Examples of qualifying purchases will be energy
efficient (usually labeled energy star) insulation systems, exterior windows and doors,
metal roofs, heaters, air conditioners, and water heaters.
OTHER TAX HIGHLIGHTS
Health Savings Account (HSA) Highlights: HSAs allow for tax-deductible
contributions and tax-free distributions to pay medical costs (not including over the
counter medicines without Rx). These plans can only be established by or for eligible
individuals covered by a high-deductible health plan (HDHP). For 2010, for HSA
purposes, an HDHP is a health plan with an annual deductible of at least $1,200 for
individual coverage or $2,400 for family coverage and maximum out of pocket expenses
of at least $5,950 for individual coverage and $11,900 for family coverage. The
corresponding figures for 2011 are the same for 2010. Keep in mind, if you do not
remain HSA eligible for the year following a deducted contribution, you will be required
to pay the tax plus a 10% penalty. Both employers and individuals can contribute to an
HSA up to the annual limit of $3,050 for individuals and $6,150 for families in 2010.
These limits are the same for 2011. HSA owners between ages 55 and 65 may make
$1,000 "catch up" contributions. Employees may elect to make a one-time
once-in-a-lifetime rollover of IRA funds into an HSA. HSA contributions deductible for
2010 can be made as late as April 15, 2011 and must be designated for 2010. An
employer is permitted to make contributions to an employees HSA and if via a 125 plan
can do so pre-tax avoiding income and payroll taxes but the contribution limits still apply
regardless of who makes the contributions and an employee may not also deduct
contributions made by an employer or made pre-tax from employee wages.
"Kiddie Tax": Originally intended to keep parents from avoiding income tax by shifting
income producing assets to their kids' names, the "kiddie tax" targets investment income
in the name of a child, taxing such income at the same rates of their parents. For 2010,
the kiddie tax applies to children who have investment income greater than $1,900 and
the age limit includes all children that qualify for the dependency exemption of the parent
(up to age 23).
Alternative Minimum Tax: The AMT is very similar to a flat tax, impacting more and
more clients as the income exemption has grown much slower than income levels of most
Americans. Currently the AMT exemption for 2010 is $45,000 for married couples filing
joint, and $33,750 for single filers. These exemptions may rise if congress acts during the
lame duck session.
Year-end moves and the AMT: Deferring income to next year--for example, by
delaying a year-end bonus--is a common year-end tax planning strategy. Similarly,
individuals often look for ways to accelerate deductions into the current year--for
example, by paying deductible expenses in December rather than in January. If you're
subject to the alternative minimum tax (AMT), however, these traditional year-end
maneuvers may actually hurt you. Essentially a separate federal income tax system with
its own rates and rules, the AMT effectively disallows a number of itemized deductions,
making it a significant consideration when it comes to year-end tax planning. For
example, if you're subject to the AMT in 2010, prepaying 2011 state and local taxes won't
help your 2010 tax situation, but could hurt your 2011 bottom line. Legislation may or
may not still be enacted to protect taxpayers from the AMT. If you're one of the millions
of individuals still expected to be subject to AMT in 2010, taking the time to determine
whether or not you may be subject to AMT before you make any year-end moves can
save you from making a costly mistake. You're more likely to be subject to the AMT if
you claim the following deductions that are AMT preference items:
· A large number of personal exemptions
· Deductible medical expenses
· State and local taxes
· Miscellaneous itemized deductions.
· Certain home equity loan interest
· Exercise of incentive stock options
Mileage: 2010 auto mileage rate for business travel is 50 cents per mile. The charitable
mileage rate remains 14 cents per mile, and the medical and moving mileage rate is 16.5
cents per mile. The business mileage rate for 2011 is expected to remain at 50 cents per
Most capital assets held for over one year and sold after May 5, 2003 will qualify for a
reduced tax rate that will not exceed 15%. This provision applies to sales through
December 31, 2010. These provisions may also apply to installment sale proceeds
received through December 31, 2010. It is unclear what the tax law will be in 2011 and
Businesses may be able to expense, under section 179, up to $500,000 in assets purchased
during 2010 if total assets placed in service is less than $2 million.
COMING TAX LAW CHANGES
There is uncertainty about the provisions due to expire at the end of 2010, and related tax
rates. If no action is taken to extend the Bush tax cuts, most of our clients will see tax
increases. However, most agree that the Congress and President will compromise on at
least extending the Bush cuts for the middle class. Defining that group of taxpayers is the
big question. We will try to keep you posted as changes are made.
In general, you will be better off if you can accelerate a purchase into 2010, especially
considering the uncertainty in the future tax code.
We do know that there will be some changes to our tax code. Although our crystal ball is
not exact, here is a summary of what you might expect, which are worthy of sharing for
tax planning purposes.
Capital gains rates will likely increase (possibly as early as January 1, 2011). Most likely
the top rate will be increased to 20% or 25%.
Maximum ordinary income tax marginal rates will increase back to 39.6% maximum,
effective January 1, 2011.
Payroll taxes will go up for many of our clients via an increase in the cap (currently at
$106,800). This is an often overlooked combined 15+% tax split between employee and
employer. Starting in 2013, unless there is a law change, there will be a medicare tax
(about 3%) that will be assessed on investment income (not previously Medicare taxable)
for those with AGI exceeding $250k. An additional Social Security tax will also likely
apply to earned income for taxpayers previously "capped out" at the $16,800 that will
kick in for those with AGI exceeding $250k.
Estate tax - The exemption became unlimited in 2010 and will revert to $1M on 1/1/2011
but probably will revert back to $3.5M with a future tax bill that will likely hold the
exemption at 2009 levels plus an index for inflation for future years. For heirs of
decedents passing away during 2010, $1.3M ($3M for spouses) can pass with a stepped
up basis. A down-side to some proposed versions eliminates the wonderful provision in
our existing tax code known as "Step up in Basis" for some taxpayers. If that version of
the law passes, then older generations should consult with younger generations on a
multi-generational tax planning strategy to maximize tax savings for the family before
death occurs. More on this to follow after a law is passed.
Please contact our office in the event that you want to further discuss the implications of
any pending tax law changes on your situation.
PERSONAL TAX STRATEGIES
Group" Itemized Deductions : If your itemized deductions are limited because of your
income, or if they do not exceed the standard deduction, consider grouping expenses by
either prepaying next year's expenses or delaying payment of current years expenses. For
example, if your miscellaneous itemized deductions will exceed the 2% floor this year,
prepay now for items such as subscriptions to business and investment magazines, dues to
professional associations, safe deposit box rentals, and investment related expenses. Any
fees for year end tax planning should also be paid in 2010. This same "grouping"
principle applies to property taxes and state taxes.
Medical Expenses: Similar to our suggestion for grouping of other itemized deductions,
if you will exceed the 7.5% floor this year, pay for and deduct all medical expenses
possible in 2010, as you may not meet the limitation in 2011.
Do you hold your company's stock in your 401(k) plan? Under certain circumstances,
you can avoid paying ordinary rates on the amount of that company stock's appreciation
as you normally would upon distribution, but instead be permitted to receive preferential
capital gains treatment if you meet certain rules. Call John at our office to discuss the Net
Unrealized Appreciation rules.
2010 tax returns will need to be filed or extended, including remittance of all tax due, by
April 15, 2011. If you get your completed organized to us by Monday, March 21, 2011
we anticipate that we will not have to extend your tax returns. Note that if you extend
your tax returns this year, you will receive an automatic 6 month extension to October 17,
2011. If you must extend your tax return, don't forget that in order to avoid penalties and
interest, 100% of any tax due with your 2010 return must be paid no later than April 15,
2011 and we must have all of your tax data in our office no later than Monday September
19, 2011 in order for your extended return to be completed on time.
NEW CLIENT REFERRALS AND FINAL THOUGHTS
We are honored that so many of our clients recommend us to family and friends. You are
the reason that our business succeeds. Thank you for the many referrals you have sent to
us this year and thank you in advance for those in the coming years. It is our pleasure to
Please take a moment to sign and send back to us the enclosed engagement letter that
defines our working relationship for this tax year as it is a requirement of our profession
to have that agreement signed before beginning work for our clients.
Please remember that your CPA can possibly help you defer tax if we know about a
transaction BEFORE it happens. After the fact, the window for consulting is closed
and all that remains is the reporting.
Again, it is our honor to serve as your CPAs this year. Please do not hesitate to contact us
if you have any questions about your 2010 or 2011 tax filing situation or questions about
how the new tax laws might affect you. We would be pleased to consult with you
anytime via email, in person or by telephone to help you with all of your tax or
ORGANIZER -------- Page 1
2010 1040 US Miscellaneous Questions
If any of the following items pertain to you or your spouse for 2010,
please check the appropriate box and provide additional information if necessary.
Did your marital status change during the year?
Did your address change during the year?
Could you be / were you (circle appropriate) claimed as a dependent on another
person's tax return for 2010?
Were there any changes in dependents?
Were any of your unmarried children who might be claimed as dependents 19
years of age or older at the end of 2010?
Did you have any children under age 19 or full-time students under age 24 at the
end of 2010, with interest and dividend income in excess of $950, or total
investment income in excess of $1,900?
Did you receive unreported tip income of $20 or more in any month?
Did you cash any Series EE U.S. savings bonds issued after 1989 and pay
qualified higher education expenses for yourself, your spouse, or your
Did you receive any disability income?
Did you receive any unemployment compensation income? ( the first $2,400 of
unemployment compensation received in 2010 is excluded from incom for
federal income tax purposes)
Did you have any foreign income or pay any foreign taxes?
ORGANIZER -------- Page 2
2010 1040 US Miscellaneous Questions
PURCHASES, SALES AND DEBT
Did you start a business or farm, purchase rental or royalty property, or acquire
an interest in a partnership, S corporation, trust, or REMIC?
Did you purchase a new motor vehicle during 2010?
Did you purchase or dispose of any business assets (furniture, equipment,
vehicles, real estate, etc.), or convert any personal assets to business use?
Did you buy or sell any stocks, bonds or other investment property in 2010?
Did you have any debts cancelled or forgiven during 2010? If yes, then please
If yes, was the forgiven debt your mortgage on your qualified principal
Did anyone owe you money which had become uncollectible?
Did you receive a distribution from a retirement plan (401(k), IRA, SEP,
SIMPLE, Qualified Plan, etc.)?
Did you make a contribution to a retirement plan (401(k), IRA, SEP, SIMPLE,
Qualified Plan, etc.)?
Did you convert part or all of your traditional, SEP, or SIMPLE IRA to a Roth
Did you receive a distribution from a retirement plan that was subsequently
rolled over into another retirement account within 60 days of receiving the
Did you receive a distribution from OR make a contribution to an Education
Savings Account or a Qualified Tuition Program (529 Plan)?
Did you, your spouse, or a dependent incur any tuition expenses that are required
to attend a college, university, or vocational school?
Miscellaneous Questions (Continued)
ORGANIZER -------- Page 3
2010 1040 US Miscellaneous Questions
Did you refinance your principal home or second home during 2010?
Did you take a home equity loan during 2010?
Did you buy or sell a home during 2010? If yes, then please provide the HUD
statement from the closing statement.
If you sold your home in 2010, then did you live in the home for 24 of the 60
months prior to sale?
If yes, then was the home ever used as a rental or vaction property?
Did you pay mortgage insurance during 2010, if paid for a loan after 12/31/2006,
then how much was paid?
Was your home rented out or used for business?
Did you add any energy efficient improvements (insulation systems, exterior
windows and doors, metal roofs, heaters, air conditioners, water heaters) to your
home in 2010?
For our new clients, did you claim a home buyer credit in the last 3 years?
Did you incur a loss because of damaged or stolen property during 2010?
Did you work out of town for part of the year?
Did you use your car on the job (other than for commuting to and from work)?
Did you apply an overpayment of 2009 taxes to your 2010 estimated tax (instead
of being refunded)?
If you have an overpayment of 2010 taxes, do you want the excess applied to
your 2011 estimated tax (instead of being refunded)?
Do you expect your 2011 taxable income and withholdings to be different from
Miscellaneous Questions (Continued)
ORGANIZER -------- Page 4
2010 1040 US Miscellaneous Questions
Do you want to electronically file your tax return?
Do you want to allocate $3 to the Presidential Election Campaign Fund?
Does your spouse want to allocate $3 to the Presidential Election Campaign
May the IRS discuss your tax return with your tax preparer?
Did you have an interest in or signature or other authority over a financial
account in a foreign country, such as a bank account, securities account, or other
If yes, did the total amount in all accounts ever exceed $10,000 during the year?
Did you receive a distribution from, or were you the grantor of, or transferor to, a
Did you (or someone on your behalf, including your employer) make
contributions to a health savings account (HSA) this year?
Or, did you receive an HSA distribution or acquire an interest in an HSA due to
the death of the account beneficiary?
Did you incur moving expenses due to a change of employment during 2010?
Were you notified or audited by either the Internal Revenue Service or the State
Did you or your spouse make any gifts to an individual that total more than
$13,000, or any gifts to a trust?
Did you purchase a new hybrid or electric vehicle in 2010?
If you have an overpayment of taxes, do you want your refund directly deposited
to more than one financial account (checking, savings, and retirement)?
Following up on the above, do you want to discuss funding your IRA with your
Did you pay household employees more than $1,600 during 2010?
Did you receive a $250 economic recovery payment in 2010 as a social security
recipient, railroad retirement recipient or veteran?
Did your spouse receive a $250 economic recovery payment in 2010 as a social
security recipient, railroad retirement recipient or veteran?
Did you receive a pension or annuity in 2010 for services performed as an
employee of the U.S., state or local government from work not covered by social
Miscellaneous Questions (Continued)
ORGANIZER -------- Page 5
2010 1040 US Miscellaneous Questions
Did your spouse receive a pension or annuity in 2010 for services performed as
an employee of the U.S., state or local government from work not covered by
Miscellaneous Questions (Continued)