Volume XII , No. 4 Winter 2006 Blackburn, Childers & Steagall, PLC Quarterly Newsletter

Gift of Peace

Come celebrate with usAs we gather Christmas EveAnd experience the joyOf knowing Christ before you leave.

Angels waited patiently,Circling around the earth,Ready with their announcementOf His miraculous birth.

No Christmas tree or presentsDisturbed the holy scene.Just the Christ Child in the manger-God’s gift to us supreme.

Today, in Christ united,We embrace His wondrous love.As we worship His own birth,His gift of peace flows from above.

Dorothea K. Barwick

BCS and Hoover HarrisonBCS and Hoover HarrisonBCS and Hoover HarrisonBCS and Hoover HarrisonBCS and Hoover Harrison Associa Associa Associa Associa Associates Merge to form thetes Merge to form thetes Merge to form thetes Merge to form thetes Merge to form the

largest CPlargest CPlargest CPlargest CPlargest CPA firm in UpperA firm in UpperA firm in UpperA firm in UpperA firm in UpperEast TennesseeEast TennesseeEast TennesseeEast TennesseeEast Tennessee

Merry Christmas and Happy NewYear from your Friends at

Blackburn, Childers & Steagall

See page 2 for details

With great excitement BCS welcomes the professionals from Hoover Harrison Associates, PCto the BCS family on January 1, 2007. Our goal through the joining of our Firms is that all

clients of both Firms will be better served.

2

Like BCS, Hoover Harrison has a proudheritage and while located in Kingsport,has served the areas of East Tennessee andSouthwest Virginia for over 30 years. Oneof the largest firms in Kingsport, HooverHarrison was formed in 1975 when HerbertHoover (retired) and Roscoe Harrison(semi-retired) merged their individualpractices. Cathy Peters and Charles“Chuck” Huffman are the remaining full-time partners of the Firm.

During the course of our discussions, wenoticed many commonalities betweenFirms. First of all, both Firms have a highdesire to serve clients through arelationship environment providing timely,quality services. That should go withoutsaying, but it is always important to remindourselves of this desire. Secondly, bothFirms also have a rich heritage and strongroots to this area. We also found Firmcultures to be very similar with both placinga high emphasis on family, church andcommunity. In addition the Firms use manyof the same software packages andprocesses. The audit, review andcompilation process is the same with PPCproviding guidance resources for bothFirms. We feel all these similarities willhelp provide a seamless transition for ourclients.

The BCS Kingsport office will now belocated at 440 E. Sullivan Street, downtown(current Hoover Harrison location)

The members of Hoover HarrisonAssociates consist of individuals dedicatedto providing quality professional services.

Charles “Chuck”Huffman is ournewest BCSPartner. He joinedHoover Harrison in1984 and became apartner there in

1989. He will continue to work in andoversee our Kingsport office.

Cathy Peters has beenwith HHA since 1975and became a partnerin 1981. She willserve as the senior taxmanager in Kingsport.

Roscoe Harrison is aresident of Kingsport,TN. He is a retiredfounding partner ofHHA and continues toprovide individual,business and estate taxservices to clients.

Jeff Moore, residentof Big Stone Gap, VAhas been with HHAfor approximately fiveyears. His area ofconcentration is in thefield of taxation.

David Moore, aresident ofClintwood, VA hasbeen with HHA for10 years and hisconcentration is inaudit.

Janet Morelock livesin Kingsport, TN andhas been with HHAfor more than 25years. Herconcentration is non-profit andgovernmental audit.

Jim Bray lives inKingsport, TN andhas been with HHAover 15 years and hisconcentration is intaxation.

Lillie Dean lives inKingsport, TN andhas been with HHAfor more than 20 yearsand works inadministration.

Paulette Dean is aresident ofKingsport, TN andhas been with HHAfor more than 25years. She providesbookkeeping and taxservices to smallbusiness clients.

Therese McKinneyis a resident ofJohnson City, TNand has been withHHA for 1 year. Sheis an administrativeassistant and bookkeeper.

Tina Grubbs and Shirley Bass both workpart-time in the administrative and/orbookkeeping departments.

ViewpointBy Tommy Greer

Welcome HooverHarrison Associates

to BCS

3

As the rules and regulations in our industryare growing exponentially this merger willallow us to continue to specialize in specificareas due to our size. As a Firm our goal isto never stop improving.

BCS was founded in 1961 by Joe Blackburn,Jr. and Carl Childers, Jr. Today, (pre-merger)we have seven Partners, Jeff Blackburn,Charles Steagall, Karen McMurray, TommyGreer, Melissa Steagall-Jones, Wade Farmerand Travis McMurray, and a staff of over 60employees. BCS will continue to offer all thesame quality services, and with the additionalexpertise from Hoover Harrison employeeswe will be able to expand our services in theKingsport area.

BCS remains the top provider of qualityservices in the region in accounting, taxes andconsulting to cover areas such as auditing,personal financial planning, medical practiceconsulting, litigation support, businessvaluations and entrepreneurial ventures, estateservices, employee benefits, and otherspecialized services. Thank you for allowing us to serve you and may you have a Merry Christmas and a prosperous

healthy and Happy New Year.

Blackburn, Childers & Steagall, PLC

801 B Sunset DriveJohnson City, TN 37604423-282-4511

1140 Tusculum Blvd.Greeneville, TN 37745423-638-8516

440 E. Sullivan StreetKingsport, TN 37660423-246-1725423-246-4531

www.bcscpa.com

cont’d from page 2

4

As another year fades off into the sunset, now is a good time to look ahead and start planning for the upcoming 2007 tax year. Although it is likelythat new tax legislation will be proposed and passed in 2007, several new provisions from prior legislation will take effect. So let’s take a look athow our tax planning for next year will be influenced by new tax laws, as well as, the continual effect of past statutes.

Beginning in 2007, cash donations of any size must be supported by paperwork that includes either a cancelled check or a written note from thecharity that indicates the amount, date, and name of the charity. As of August 17, 2006, deductions for charitable contributions of clothing orhousehold items are limited to items in good used condition or better. In addition, the IRS may deny charitable deductions for clothing orhousehold items of minimal value. An exception exists for single items if the claimed deduction exceeds $500 in value and a qualified appraisalis included with the tax return. The IRS believes that this deduction has been abused in the past and has decided to take a more stringent approachin testing the validity of these deductions.

Another new law affecting charitable contributions allows individuals aged 70-1/2 or older to distribute up to $100,000 of their IRA balance tocharitable organizations in 2006 and in 2007 without recognizing income on the distribution(s). Since no tax will be computed on the distribution(s)a charitable deduction will not be allowed.

For 2007, the standard mileage rate for business purposes is 48.5 cents per mile (20 cents per mile for medical and moving; 14 cents per mile forcharitable purposes). The rates for 2006 for business purposes were 44.5 cents per mile (18 cents per mile for medical and moving; 14 cents permile for charitable purposes).

Also beginning in 2007, the modified adjusted gross income (AGI) limit for contributions made to a Roth IRA are adjusted for inflation. The startof the modified AGI threshold phaseout amount for married filing joint in 2007 increases to $156,000 from $150,000 and for single taxpayers,an increase to $99,000 from $95,000.

A change in law concerning the “kiddie tax” went into affect January 1, 2006, but will continue to have planning implications for future years.Investment income earned by a child under the age of 18 (increased from age 14 in 2006) over an inflation adjusted threshold is subject to theparent’s tax rate.

For businesses (including sole proprietors, Sch. C), the IRC Section 179 expense, or small business deduction, will increase to $112,000 in 2007($108,000 in 2006) for acquisitions of tangible personal property. This deduction decreases to $25,000 in 2008, making 2007 the last year for abig first year write-off of qualified property. Please consult with us on certain limitations related to this deduction.

The Alternative Minimum Tax (AMT) continues to be an issue for more people. It was designed to tax the wealthy that exploited certain taxdeductions, but has not been appropriately adjusted for inflation; thus, affecting more people each year. The following are a few items that canaffect your susceptibility to the AMT:

• Real estate taxes, state income taxes, sales tax that you deduct as an itemized deduction on Sch. A.• Home equity loans and lines of credit used for purposes other than buying, building, or improving your principal residence.• Incentive stock options (ISOs).• Ownership of private activity bonds.• A high number of dependency exemptions claimed on your tax return.

Let’s gain a head start on the New Year by seizing opportunities that will ultimately save tax dollars and help avoid preventable pitfalls. Pleasecontact me or any one of our tax professionals on planning for the upcoming 2007 tax year.

2007 Tax Opportunitiesand Pitfalls

By Andy Hatfield

Tax Calendar Due Dates

January 15th - 4th Quarter Estimated Payment for 2006 due

January 31st – 4th Quarters 940 and 941 Reporting due for 2006

January 31st – W-2s and 1099s are due to Recipients

5

Working with a financial planner can help you reach your financial goals and build a secure financial future. However,choosing the right person to take on this task can be difficult. The following questions will help you choose afinancial planner that is right for you.

1. What experience and qualifications does the financial planner have?Many different types of financial professionals use the term “financial planner” to describe themselves. You should choose a planner that hasexperience in counseling individuals in areas such as retirement planning, investment planning, tax planning, estate planning, and insuranceplanning. Ask the planner what qualifies him or her to offer financial planning advice. Some reputable designations include CFP® practitioners(CERTIFIED FINANCIAL PLANNERTM, CPA/PFS (Certified Public Accountant/ Personal Financial Specialist), or a ChFC (Chartered FinancialConsultant). All three of these certifications require education prerequisites, exams, work experience, adherence to ethic codes, and continuingeducation.

2. What services does the planner offer?The services offered by financial planners depend on the credentials and licenses held by the planner. For example, a license granted by theNASD (National Association of Securities and Dealers) is generally required to sell security products such as mutual funds or stocks and sometypes of life insurance. Planners providing investment advice must register with either the state or Federal authorities such as the SEC (Securitiesand Exchange Commission). Find out if the planner will help you implement certain segments of the plan or refer you to other professionals forimplementation.

3. Does the financial planner work alone or with a team of other staff and professionals?You may want to meet everyone who will be working with you and find out their credentials. If the planner works with professionals outside hisor her own place of business, such as attorneys or insurance agents, obtain a list of these professionals and ask for information on their backgroundsand credentials as well.

4. How will you pay for the services and how much does the plannertypically charge?The planner should be able to give you an estimate of costs and tell youhow you will pay for his or her services in writing. Planners are typicallypaid in one of the following ways:• Salary paid by the company for which the planner works.• Fees based on an hourly rate, flat rate, or a percentage of our

assets and/or income.• Commissions paid by a third party from the products sold to

you to carry out the financial planning recommendations.• A combination of fees and commissions.

5. Does the planner have any conflicts of interests that might affecthis or her recommendations?Some business relationships that a planner has could impact his/herrecommendations. For example, financial planners who sell insurancepolicies, securities, or mutual funds have a business relationship withthe company providing the products. Ask the planner to give you adescription of his or her conflicts of interest in writing.

6. Has he or she ever been publicly disciplined for any unlawful orunethical actions in their professional career?Find out what organization regulates the planner and contact him/her tofind out the planner’s professional history. If the planner is registeredby the SEC, he/she should provide you with a disclosure form called anADV Part II.

Choosing a financial planner may be one of the most important decisionsyou make for you and your family’s financial well being. So, make sureyou choose a planner that is both trustworthy and competent.

Six Questions to Ask WhenChoosing a Financial Planner

By Myra O’Dell

6

While driving to Greeneville to meet with Darrell Bryan, Executive Director of the NPAC, I reflected on how well prepared I was for thisparticular interview. Prior to my appointment, I’d visited the NPAC’s website – GREAT website, by the way. First, I printed directions becauseI tend to get lost in Greeneville (as evidenced by two cell phone calls to Peggy Ann Bakery last year and a bypass of the BCS office). Next, Ilooked over the performance schedule to familiarize myself with the types of entertainment they offer. Finally, I read the mission statement whichis posted on their homepage for all to see:

“The mission of the Niswonger Performing Arts Center is to perpetuate a commitment to the performing arts for Greene Countyand our neighboring communities. A flourishing arts and cultural community enhances our quality of life, produces community pride,encourages cultural development and understanding and broadens the education of children.”

I was glad to have directions, but I think the Center would have been hard to miss. They have a beautiful new sign next to the road sporting theireye catching moon and stars logo which promotes upcoming events. The building is very impressive - also sporting new banners at the entrance.I entered the vast lobby and made my way to the office. There, I was greeted by Tracy Horner, Administrative Assistant and Marketing/AdvertisingCoordinator for the NPAC. While waiting for Mr. Bryan, Tracy was kind enough to give me an overview of the NPAC.

I met with Mr. Bryan and he began to explain how the mission of the NPAC has been fulfilled since their Grand Opening in January of 2005. Heexplained that the target audience is everyone – he books entertainment that appeals to all age groups. They generally draw people from a seventyfive mile radius with the exception of those following bands (groupies!), which will travel anywhere. The largest events are concerts – and theyare also the biggest ticket items. The NPAC attempts to better serve customers through their ticketing service. They can track what type ofentertainment you like, and then email you with information about similar shows that may be of interest. Mr. Bryan mentioned how the Arts canreally help small towns develop – they can be used as a recruiting tool for economic development and they can benefit local businesses. Ticketsales have tripled this year, which was no surprise considering how the phones were constantly ringing during our conversation for interviews andbookings.

THE MISSION BEYOND THE MISSION STATEMENT

Mr. Bryan graciously agreed to take time out of his busy schedule to give me an extensive tour of the facility. It was then that I began to see therewas more to this performing arts center than just providing entertainment to the general public. Drawing from my interview with Mr. Bryan andalso the “History” tab on their website I found that in addition to the mission statement, the NPAC has two very specific goals:

Attract tourism – The NPAC not only promotes professional shows at their facility, but also local businesses and area attractions. Thirty five toforty percent of performance attendees are from out-of-town and the NPAC would like to see them to stay in Greeneville for more than a fewhours. They want out-of-towners to view Greeneville as a “destination place.” One way they do this is through their website. It includes links to“Local Accommodations” and “Things to Do” in the area. With a few clicks of the mouse, you can access information that allows you to makereservations at the General Morgan Inn, dine at Brumley’s Restaurant (which includes “NPAC specials” - a menu designed specifically for ticketholders), and visit the Andrew Johnson National Historic Site, for example.

Serve as the performance area for Greeneville City Schools– This, above allother items mentioned in this article, is the focus of the NPAC. All city schoolscan use the facility - high school, middle school, and four elementary schools.Not only can they use the facility, they actually have first right of refusal (but theschools must book one year in advance for priority). They submit a schedule toMr. Bryan and he then books professional performances around that schedule. Toavoid any conflicts, Mr. Bryan is the clearing house – he is the only one in theoffice who schedules. The NPAC goes a step further and attempts to set the calendarso they do not compete with high school football. Fall professional performancesare during the week, but you will notice spring performances are on the weekends.There are many chorus and band performances at the Center. In the spirit of theseason, Mr. Bryan mentioned December is an especially busy month since everyonehas Christmas programs.

Niswonger Performing ArtsCenter

more thanmore thanmore thanmore thanmore than“That’s ^ Entertainment!”

Angie Talks with....

7

Also in the spirit of the season, I must note that the NPAC is wonderful example of what giving is allabout. It’s about giving the schools a performance facility above and beyond what anyone ever couldhave imagined, giving the people of Greeneville and the surrounding areas access to professionalentertainment, and - although there are a few full time and part time employees - it’s about the MANYvolunteers that work behind the scenes to make the center a premier arts facility.

For performance schedules, ticket information and a complete history, please visit their website:greenevillenpac.com

Entertainment Schedule for 2007:

Jan. 13- Yesterday Once More, 7:30pm

Jan. 27- Magic Show, 7:30pm

Feb. 6- DRUM! 7:30pm

Feb. 18- Camelot, 2:00pm

March 24- Artie Shaw, 7:30pm

April 14- Ethel Merman’s Broadway, 7:30pm

Apr. 21- “The Man In Black,” 7:30pm

As BCS continues its transition to a paperless environment, I have done a lot of research on scanners and the idea of scanning. The biggest thingI have learned is that there is no one size fits all solution to anyone’s scanning needs. There are many situations and just as many types ofproducts. The first thing you need to do before getting a scanner is to determine exactly why you need one. If you hope to clean out your paperclutter and get more organized then I have some bad news. Digital clutter and disorganization is just as much a problem as paper clutter. Adisorganized office will not magically become organized after using a scanner. You may actually find it harder to find what you need. So first getorganized. The best reason to begin scanning is to help improve your process, by enabling faster access to numerous files by multiple persons,and of course, decreasing paper costs. Before you can save money you must spend money. Having a clear reason behind your transition to lesspaper will help you determine how much of a financial investment you are willing to make. Scanners can cost anywhere from $100 to over$5,000.

Now that your small business has decided to buy a scanner and begin transitioning to less paper, first you need to answer some questionsclearly: What types of media will you be scanning? Some examples would be legal or letter paper, or pictures. And how many people will beusing the scanner? Answering these questions will determine what type of scanner you will need. You should also be familiar with some of thecommon available features of different scanners. Choosing the appropriate features can go a long way toward simplifying your experience.

Duplexer - This feature will allow the scanner to scan both sides of the page in the time it would normally take to scan one side.If you need both sides of the paper scanned the duplexer will double the scanning speed.Flatbed - A flatbed is a specific type of scanner used to scan pictures or oddly shaped objects like a page in a book or otherbound documents. A home user looking to convert pictures to digital copies might want to consider a flatbed because of thelower price and sharper resolution. A good flatbed photo scanner would be the Epson Perfection V350 PHOTO for under$150.ADF - Automatic Document Feeder or ADF is a feature which takes several pages and feeds the paper one page at a time intothe scanner, allowing the user to scan multiple-page documents without having to manually replace each page. This is used onlyfor standard sized paper and not for odd shaped or thicker paper. Often scanners that use the ADF do not include the flatbedoption.Desktop Scanner - This type of scanner is physically connected to one computer and can only be accessed by that computer.The major benefits of this scanner are the available extra features and flexibility. Here are several very customizable featuresthat generally come standard with most scanner software: Blank page removal, hole punch removal, holes from stapler removal,crop pages, black line border removal, deskew (if pages are crooked it aligns them), auto rotate (if a page is upside down it willcorrect), and many others. A good desktop scanner that would include all these features is the Fujitsu 5220c for about $1,300.Network Scanner - This type of scanner has no accompanying computer and is connected directly to the network. It possessesspecial programmable features that allow you to easily select your features and destination right on the scanner. This type ofscanner can be used by anyone granted permission. It is generally easier to use and manage and it is quicker than the desktopscanner. It however does not offer as many customizable features as the desktop scanner and is usually more expensive. Thisis often favored by larger offices and is purchased as an attachment to existing copiers. A good network scanner that standsalone and is not connected to a copier is the Ricoh IS200e for about $1,700.

Here at BCS we utilize both flatbed and ADF scanners along with both desktop and network scanners. One is not necessarily better thanthe other; they are just made differently to perform different functions. So, before your business goes out and buys a scanner just think carefullyabout your needs and do some research. You’ll thank yourself later.

By Jon Phillippe

A Paperless Office -Where to Begin

Epson Perfection V350 PHOTO Fujitsu 5220c Ricoh IS200e 8

Blackburn, Childers,and Steagall, PLC isproud to announcethat JacquelineAyers, Auditor, hasbeen chosen by theAmerican BusinessW o m e n ’ s

Association, Iris Chapter, as “2006 Womanof the Year”. Jacqueline is a 2004 graduateof ETSU and serves as an Ambassador forthe Johnson City/Washington CountyChamber of Commerce.

BCS Financial, LLCannounces that inSeptember JamesMotte satisfied theE d u c a t i o n ,E x a m i n a t i o n ,Experience andEthics requirements

to be considered a CERTIFIEDFINANCIAL PLANNER™ practitioner.James is the Chief Compliance Officer anda Certified Public Accountant. He joinedBCS Financial in April 2004. The CFP®certification process, administered by CFPBoard, identifies to the public that thoseindividuals who have been authorized touse the CFP® certification marks have metprofessional standards and have agreed toadhere to the principles of integrity,objectivity, competence, fairness,confidentiality, professionalism anddiligence when dealing with clients.

Jim Wilson CPA/PFShas been chosen byThe NationalAssociation of EstatePlanners & Councilsto receive the NAEPCD i s t i n g u i s h e dAccredited Estate

Planner award and designation. Jim willbe only one of ten people chosen this yearto receive this distinguished award. He wasrecognized publicly and received his awardat the 43rd Annual Conference inJacksonville, FL on Friday, November 3,2006.

Personal Lines

By Gina LemonsBlackburn, Childers & Steagall, PLC announces that Luke Gillis,an employee in the Audit Department, has passed the CPA exam.Luke is a 2003 graduate of East Tennessee State University.

Charles (Chuck) R. Huffman, CPA is the newest Partner of Blackburn, Childers & Steagalleffective January 1, 2007. Chuck lives in Kingsport, Tennessee with his wife Lavinia of 31years. They have three sons, Chad, Rick and Mikey.

Chuck joined our Firm through the merger of BCS and Hoover Harrison Associates, P.C.where he was a partner for 17 years. He has over 29 years of experience which includes abackground in accounting, auditing, and tax related services to individuals and a variety ofbusinesses as well as colleges and estate and trust services.

Chuck graduated with a Bachelor of Science degree from Milligan College and is a member ofthe American Institute of Certified Public Accountants (AICPA), the Tennessee Society ofCPAs (TSCPA), a past president of the Appalachian Chapter of the TSCPA, and is currently amember of Kingsport Sertoma Club. He has served on the Board of Directors (Trustees) forWashington College Academy and Colonial Heights Athletic Commission.

Chuck and his wife are members of Colonial Heights Baptist Church. He is an avid Universityof Tennessee fan and enjoys all sports. Chuck loves to spend time with family and friends,singing in his church choir and being involved in small church groups.

My Chat withChuck Huffman

9

Going through the audit process as an entity may be a stressful eventthat you look upon with dread and possibly fear. Often, audits andsometimes auditors (even the financial statement kind) are thoughtof in a not so pleasant light. Well, while the process may be stressful,

at BCS we attempt to bring some positives out of the audit process. One positive is audited financial statements with complete footnotes in accordance with theappropriate accounting standards and auditing guidance. Obviously, when you engage a firmto do an audit for your entity this is exactly what you expect in return. Beyond this at BCS we attempt to bring additional value to your audit engagement. We oftenspeak of becoming an integral part of your team and assisting you with your venture. It isextremely rewarding as an auditor to feel like you have helped the client achieve results theyhave long desired or tackle a hurdle that has plagued them for a time. We always strive to not only meet but also exceed our client’s expectation. We believe thatbeyond bringing audited financial statements these extra items that you, as the client, view asvalue are one of the ways we work to achieve this.

Beyond AuditedFinancial Statements

By ChadKisner

By MeLissa Crockett

12345678901234567890123456123456789012345678901234561234567890123456789012345612345678901234567890123456123456789012345678901234561234567890123456789012345612345678901234567890123456123456789012345678901234561234567890123456789012345612345678901234567890123456123456789012345678901234561234567890123456789012345612345678901234567890123456123456789012345678901234561234567890123456789012345612345678901234567890123456123456789012345678901234561234567890123456789012345612345678901234567890123456123456789012345678901234561234567890123456789012345612345678901234567890123456123456789012345678901234561234567890123456789012345612345678901234567890123456123456789012345678901234561234567890123456789012345612345678901234567890123456123456789012345678901234561234567890123456789012345612345678901234567890123456123456789012345678901234561234567890123456789012345612345678901234567890123456

1234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212123456789012345678901234567890121212345678901234567890123456789012121234567890123456789012345678901212

Tax Organizers

Tax organizers will be mailedthe 2nd week of January 2007. Please complete the organizerand return to our office alongwith your other taxinformation. Completing theorganizer helps to keep usinformed in regard to your taxsituation. If you have movedrecently, please contact theoffice to note your new addresschange.

W-2s and 1099ss

Here at BCS we now do 1099s and W-2sin a software package. We do not keepforms in stock as we have in the past.We will be happy to prepare your formsfor you if you prefer. If you need forms,we suggest the following locations:

IRS Office2513 Wesley StreetJohnson City, TN 37601423-282-5024Hours 8:30 am to 4:30 pm Mon.-Fri.

You may also order forms fromwww.irs.gov/formspubs orby calling 1-800-829-3676

Do this early, in plenty of time to receiveyour forms for document preparation.

Office Max3110 Browns Mill RoadJohnson City, TN 37604423-282-5600

Office Depot2111 North Roan StreetJohnson City, TN 37601

www.bcscpa.com www.bcsfinancial.com