WORDHOUSE WEALTH COACHING

2008 Advisory Fees 1040 Worksheet

One of the benefits of working with a Fee Advisory firm is being able to deduct your Advisory Fees. To make sure you claim all your advisory fees on your 2008 taxes; put your 2008 total on your Federal 1040 under Miscellaneous Deductions. You may need both your Trust Company of America and your Matrix statements, both dated 9/30/08, to finalize the calculations.

Please refer to your 9/30/08 Trust Company of America / TCA statement for each account to find your total of 2008 advisory fees. (Your year-end fees are charged in the following January and therefore are deductible on the following year’s taxes.)

NOTE: IRS has ruled that retirement plan (IRA/ROTH/403b/Simple IRA/etc.) fees are not deductible as they are tax free accounts. You have a few decisions to make:  eliminate your retirement plan fees from your calculations, or pay those fees by credit card in the future so they are deductible. If your tax preparer will not deduct any of your advisory fees, you need a new tax preparer, as advisor fees (taxable and directly paid) definitely are tax deductible as long as the total is above your 2% AGI floor.

$______________ Total Matrix & Trust Company of America Management Fees

If you have a People’s Benefit / Monumental annuity, find on your MATRIX Statement on the CLIENT ACCOUNT DETAIL REPORT for each of your Variable Annuities, and locate the Year-To-Date Withdrawals, which will be your Annual Fees. If you withdrew additional monies, those amounts must be deducted from this total first. If you paid your fees with a credit card, please refer to your credit card statements for the total.

$______________ Total Advisory Fees for all Peoples Benefit / Monumental annuities

If you sold any stock, the costs incurred by placing the trades are deductible. You would either have paid a broker commission or a trade cost through a brokerage firm. Check your brokerage account statement for these costs.

$______________ Total Commissions/Trade Fees for all stock sales

Some Inland American and Inland Western REITS have 1% Advisory Fees that are taken from your dividends. Go to your dividend statements and total these numbers. Next year these fees will be billed to you by WAG/Wealth Advisors Group .

$______________ Total Advisory Fees for REITS

Add up all the personal checks you wrote to Wealth Advisors Group (WAG) for Wealth Coaching, Retirement Management, Oil & Gas, Real Estate Investment Trusts, TD Ameritrade, etc. where you paid the Registered Investment Advisor (RIA) fees directly. These you will find in your checkbook register. Most likely any check written to WAG is a deductible advisory fee.

$______________ Total Advisory Fees paid directly to WAG

Please add any other Advisory Fees paid to other entities: TD Waterhouse, Renaissance Administration for Charitable Remainder Trust (CRT) fees, etc. These fees you will find on your quarterly statements from those companies. Not all companies have end of year totals, so add up the quarterly statements if necessary.

$______________ Total Advisory Fees paid to others .

$_______________ Total for 2008 Investment Advisory Fees

Phone: 616-301-9049 · Fax: 888-797-8703

Wealth Coaching provided through Wealth Advisors Group, LLC.