"I ordered the guide 'the limited reprint rights' version for $11.95. I must say that it was the best $11.95 I have ever spent. There is a wealth of information in that guide, some I knew and some I didn’t. Hey, folks spend the $1.00 to look it over and see if it is something you can use. I guarantee you it will be worth your $1.00. I printed it out and put it in my Quickfinder binder to have as a reference for future tax seasons."

Susan Bure, PA NATP Newsletter

In my opinion the area of the Tax Code where proper documentation and strict adherence to the law has historically been perhaps the most overlooked (or actually ignored) is the deduction for mortgage interest.

Taxpayers are required to keep separate track of acquisition debt and home equity debt, to make sure that the deduction on Schedule A does not include interest on debt principal that exceed the statutory maximum.  I firmly believe that 99.5% of taxpayers do not do this.  I do not know of any taxpayer who does.  And I expect that the majority of tax preparers do not do this for their taxpayer clients.

The need to separately track acquisition and home equity debt is even more vital now that the GOP Tax Act has totally done away with the deduction for home equity interest.

I have created a MORTGAGE INTEREST GUIDE.  In it I explain the various types of mortgage debt and the deduction limitations, and go into detail on how refinancing an acquisition debt mortgage can result in home equity debt. 

I include in this guide two worksheets – one for Acquisition Debt Activity and one for Home Equity Debt activity – and provide a detailed example of how to use the worksheets.

My MORTGAGE INTEREST GUIDE is a great way for tax preparers to introduce new homeowners to the rules and responsibilities for deducting mortgage interest.  You can give this guide to clients who have just purchased a new home, or offer it as a free “gift” to new homeowners in your town as a part of a marketing and promotion program to get new clients.

And the debt activity worksheets in the guide are excellent tools for use in your practice if you choose to maintain the documentation for your clients.

I have also created a special report to give to my clients with existing mortgages, which also includes the worksheets and example, that will explain the new rules and remind them of their responsibility to keep separate track of acquisition and home equity debt. 

I am offering limited “reprint rights” for my Mortgage Interest Guide and report for clients with existing mortgages to my fellow tax professionals to purchase and use for just such purposes.  The cost of the limited license and right to reprint the Mortgage Interest Guide is only $14.95

The reprint rights are for use in your own practice only – for free distribution to current or potential clients.  You cannot use the reprint rights to sell the guide to the public.   

The guides will be sent to you as a word document email attachment.  The signed reprint rights license will be sent via postal mail.

Members of the National Association of Tax Professionals receive a 25% discount and can purchase the reprint rights for $11.25!  Please provide your NATP membership number with your order.

Send your check or money order for $14.95 (or $11.25), payable to TAXES AND ACCOUNTING, INC, and your email and postal addresses to –


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