Tools and Forms

Jim Lange’s Tax Planning Card (PDF)
Popular tax reference card used by hundreds of university professors, attorneys, judges, and masters.

Business AssetsWhether or not you take a home office deduction you may be eligible to deduct the cost of office furniture and some office machines that you have begun using for business in either your home office or work office.

If you have begun using any of the items in the worksheet for business but had acquired them in a previous year, please indicate the item’s lowest value, either its actual cost or its fair market value when put into business use. Do not list an amount if you have either deducted or completely depreciated an item in the past. Do not list an amount if you received the item from your employer, or if it was purchased through a grant (i.e., you did not pay for it).

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Business Assets for Artists/Musicians
Whether or not you take a home office deduction you may be eligible to deduct the cost of office furniture and some office machines that you have purchased for either your home office or work office.

If you have purchased any of the following items or similar items during or before the current tax year, please indicate the items lowest value, either its actual cost or its fair market value. Do not list an amount if you have either deducted or completely depreciated an item in the past. Do not list an amount if you received the item from your employer, or if it was purchased through a grant (i.e., you did not pay for it).

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Calculate Tax Basis of Personal Residence Factoring in Interior and Exterior ImprovementsIf you have invested in exterior or interior additions or improvements to your personal residence you may be able to include them your home’s tax basis. We have included a list of possible projects that might qualify for inclusion. Remember to keep receipts and consult with your tax adviser for specific advice.

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Travel / Sabbatical ExpenseDo not forget to include all allowable expenses in your tax calculations. Let this worksheet serve as a reminder for expenses that you may have overlooked.

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Additional Professional/Consulting Expenses to Consider
Do not forget to include all allowable expenses in your tax calculations. Let this list serve as a reminder for expenses you may have overlooked. View worksheet in PDF Format.

Home Office DeductionAlthough the IRS has eased its position for individuals considering taking a home office deduction, the matter still requires some careful thought. Subsequent sale of your home will usually require the depreciation taken to be reported as income. Use this worksheet to make a preliminary assessment of the potential tax benefits vs. the inconvenience.

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Auto ExpensesYou can calculate your auto expenses using either standard mileage allowances or actual expenses. Complete the form to see which is more advantageous.

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Rent Vs. BuyView rent vs. buy worksheet to compare renting and buying.