Tax Preparation Checklist - Part 5

Date February 13, 2007

Owning a home can be a great tax shelter.  Many times the interest paid to the lender and the property taxes can be deducted on one’s personal income tax filing.  However, there are many other items you will want to consider.  Of course, this is not meant to give tax advice, you should always consult with a CPA or tax preparer to decide if this is possible for you.  Here are several items to help you with your preparation in filing your Personal Tax Return.

Part 5 - FINANCIAL LIABILITIES
* Auto loans and leases (account numbers and car value) if vehicle used for business
* Student loan interest paid
* Early withdraw penalties on CDs and other time deposits

Category Posted in All Things San Diego, Helpful Hints, Lending, Taxes, Things of Interest, Upcoming Events

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