WicklandGroup.com,-February.jpg    


A Message from Steve The weather may be nippy outside, but the local Ann Arbor Real Estate Market seems to be heating up! January residential sales are up 7.8% compared to January 2009. A great way to start the new year! Condominium sales were up 7.1% over this time last year as well. Need more encouraging news??? The average sale price saw a 8% jump over last year and the average list price is up 6.7%. Can you say "Market Rebound?"

Well, we may not be totally out of the woods just yet, but these trends, if they continue, are definitely welcome news for a change. More encouraging news is that home buyers are very active in the market right now due to the combination of very attractive home prices, low interest rates and the soon to be ending, First Time Home Buyer Tax Credit. The true test of the market will be when this tax credit does come to an end. Stay tuned.....


 
CELEBRATE 'LOVE YOUR PET DAY'  SATURDAY, FEBRUARY 20TH

They're cute, funny and sometimes drive us crazy, but we couldn't live without them. February 
20, is 'Love Your Pet Day'... a day to show your pets how much you love them. Our lives get so busy with work, school, sports activities etc. and sometimes our pets get left out. Celebrate the little quirks that make them special and oh so lovable. Whether your 'best friend' is adog, cat, fish or even pet rock ... this Saturday is the day to shower them with your love and attention!Here are a few ideas to give him or her that extra pampering they deserve!
LoveYourPetDay20.jpg 
 
 
  Sit down with your dog or cat and pet him/her for a little longer than usual.
   •  Get out the leash and take your dog for a long walk.
   •  Give your dog a bath, brush its coat and don't forget their teeth.
   •  Play your pets favorite game: fetch the ball, hide & seek, etc.
   •  Clean or their cage or bed.
   •  Teach your pet a new trick.


 


CREATING A HOME INVENTORY

There are many ways to create a home inventory. It may initially seem like a dauntung task to record information about everything you have in your house, but don’t let that put you off. First, decide on a way to organize your inventory that works for you. You can do it room by room, category by category (furniture, electronics, etc.), from newest items to oldest or from most expensive purchases to least expensive ones. A home inventory can help you purchase the amount of insurance you need, get your insurance claim settled faster, verify losses for your income tax return and keep track of the belongings you’ve accumulated over the years. Here are a few tips to get started:  
  • Home-Inventory.jpgTaking Inventory- There are different approaches to making your list. You can write everything down in a notebook, for example. Or you can take pictures, writing information on the back of the photos or putting information on your computer. If you have a video camera, you can walk through your house filming and describing the contents at the same time. Keep receipts when they are available and note the cost for the item, when you bought it and information about the make and model. Expensive items like jewelry and art work may need to be insured separately. Ask your insurance agent whether you need a floater for your homeowners policy.
  • Store a Copy of your Inventoryin a Safe Place - outside of your home with a friend or in a safe deposit box. (If your inventory is electronic, store it on a disk.) That way you’ll be sure to have something to give your insurance representative if your home is damaged. Also, whenever you make a significant purchase, remember to add the information to your inventory while the details are fresh in your mind.
  • Keeping Important Documents - It’s also important to keep a record of legal documents, such as birth certificates and passports, and financial documents, such as bank account and insurance policies. You can also use your home inventory to record information about these papers. Note insurance policy and bank and investment account numbers along with your insurance policy contact information.

    Newsletter-SEARCH-button.jpg

     


FINDING  A  TAX  PREPARER
While most preparers provide honest service to their clients, the Internal Revenue Service urges taxpayers to be careful when choosing a preparer –– as careful as they would be choosing a doctor or lawyer. Even if someone else prepares the tax return, the taxpayer is ultimately responsible for all the information on the return. For that reason, taxpayers should never sign a blank tax form ... always review the return before signing it and ask questions on any entries they don't understand. 
•  Be cautious of tax preparers who claim they can obtain larger refunds than other preparers. 
•  Avoid preparers who base their fee on a percentage of the refund. 
•  Use a reputable tax professional who signs the tax return and provides a copy.

 •  Consider whether the individual or firm will be around to answer questions about the preparation of the tax return months, or even years, after the return has been filed. 
•  Check the person’s credentials. Only attorneys,
Certified Public Accountants(CPAs) and enrolled agents
can represent taxpayers before the IRS in all matters, including audits, collection and appeals. Other
return preparers may only represent taxpayers for audits of returns they actually prepared. 
•  Find out if the preparer is affiliated with a professional organization that provides its members with
continuing education and resources and holds them to a code of ethics. 
•  Ask friends and family whether they know anyone who has used the tax professional and if they
were satisfied with their service.

setupapaymentplanwiththeIRS-main_Full.jpg
Reputable preparers will ask to see receipts and will ask multiple questions to determine whether

your expenses, deductions and other items qualify. By doing so, they are trying to help their clients avoid any penalties, interest or additional taxes that could result from an IRS examination.

  EPRO.jpg  CDPE.jpg   EHO.jpgDAD.jpg If you know of anyone who you think would be interested in this newsletter, please feel free to forward it to them. To be removed from our mailing list, please reply to steve@WicklandGroup.com with Unsubscribe in the subject line.