OUT WITH THE OLD AND IN WITH THE NEW

By
Real Estate Agent with Coldwell Banker United Realtors® ~ 512.750.6899

Christmas will be over this week before we can blink an eye!  Next week we ring in the New Year and then it will be time to wipe the slate clean!!  There are a multitude of items you need to take care of and here are just a few:

Delete old emails.  Defrag your computer.

Get a paper shredder (crosscut kind not straight strips) and have at it!  Shred 2008 ATM receipts, utility bills, paycheck stubs more than one year old, quarterly statements from retirement accounts (after getting year end summary) and small purchase receipts that are not deductible.  As Realtors we need to keep files for 7 years. I have my boxes arranged according to the year closed and go thru files in each box.  For those clients still in their home I sold them I keep their files.  For those who have moved again (usually out of town) I shred their files.

Start gathering all files to compile tax information for your tax accountant. 

Set up new files for 2009 tax related papers.  Include files for your medical receipts, gifts and charitable donations, investments, car expenses & mileage, dues & professional fees, advertising expenses, etc.  Separate business and personal receipts.

 Send a thank you letter to all the buyers you sold a home to in 2008 and include a copy of their settlement statement from closing to help them prepare for their income tax return.  If you live in Texas include an application for their Homestead Exemption (they can file after January 1,2009 if they closed in 2008).

Use gift cards you got for Christmas!  Many have expiration dates or maintenance fees and some companies may be filing for bankruptcy and may not honor gift cards.

Getting ready for the New Year can help you become organized and with business plan in hand you can start the year off with renewed optimism.

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Rainmaker
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Ilyce Glink
Think Glink Media - Chicago, IL
Best-selling author, award-winning TV/radio host.

Dorie- Great idea about deleting old emails. Even with my Gmail account that has nearly unlimited storage, I want to clean out some of the old stuff before the new year!

Dec 23, 2008 05:50 AM #1
Anonymous
Anonymous

Ilyce,

Thanks. Gene is always harping to delete old emails! I guess it is finally sinking in! Merry Christmas!  Dorie

Dec 23, 2008 07:41 AM #2
Rainer
478,183
Not a real person
San Diego, CA

I liked the part about sending a copy of the closing statement to help them with their taxes. Great customer service!

Best wishes for health, happiness, peace, and prosperity.

Jan 03, 2009 04:02 PM #3
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Rainmaker
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Dorie Dillard CRS GRI ABR

Serving Buyers & Sellers in NW Austin Real Estate
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