Technician Expectations
TOOLCHEX needs you to:
1. Provide appropriate
substantiation of your tools that you would like to be included in your
plan. Remember that no expenses will be included without a
receipt/proof-of-purchase. When submitting your
receipts/proof-of-purchase you should:
a) Make sure that the receipt/proof-of-purchase includes the amount of
the expense, the date of purchase and a description or type of tool.
b) Call TOOLCHEX if you have any questions in regards to qualifying
expenses.
c) Mail your receipts/proof-of-purchase back to:
Toolchex
Compliance
Suite 500
For your protection and ours always make copies of any information,
receipts or
other forms that you send to TOOLCHEX.
a) In order to update your account balance at any time after enrollment you must provide copies of the receipts for the new purchases you would like to include on your account. Updating can be done by mailing, emailing or faxing your new purchase receipts to TOOLCHEX.
b) We also would be happy to pick up your proof of new purchases when we visit your company throughout the year. We will contact you prior to our visit through your Service Manager. In the event that you will not be in the shop on the day we will be visiting, please turn in copies of your new receipts to your service manager (or designated supervisor). Our representative will check in with your service manager or designated supervisor and pick up any new purchases you want to have added to your account.
3. Request your past filings for your tools by:
a) Fill out a 4506-T, sign it and get it back to TOOLCHEX.
b) TOOLCHEX will do all the follow up work if you will fill out the IRS form 4506-T that we provide to you. This will verify past tax filings and allow Toolchex to adjust your plan accordingly.
