Tax Preparation Checklist

The tax preparation checklist… it might look a little intimidating, but don’t worry! This tax preparation checklist is here to help you get started. Most folks won’t have all of the information listed in the tax preparation checklist below. We’ve just put it all here to make sure you don’t forget anything.

For instance, did you know that if you had jury duty this year, we’ll need to have a record of that? Or that prize or award money may count toward your total income? The more items you bring in on this tax preparation checklist, the better job we can do on your tax return.

So check out the tax preparation checklist below and bring in any forms that apply to you.

See you soon!

Automobiles

• Personal property tax information

Employment & Income Information

• W-2 forms
• Unemployment compensation (Form 1099-G)
• Miscellaneous income, including rent (Form 1099-MISC)
• Partnership, S Corporation, & trust income (Schedules K-1)
• Pensions and annuities (Forms 1099-R)
• Social Security/RR1 benefits (Forms RRB-1099)
• Alimony received
• Jury duty pay
• Gambling and lottery winnings (Forms W-2G)
• Prizes and awards
• Scholarships and fellowships
• State and local income tax refunds (Form 1099-G)

Financial Assets

• Interest income statements (Form 1099-INT & 1099-OID)
• Dividend income statements (Form 1099-DIV)
• Proceeds from broker transactions (Form 1099-B)
• Retirement plan distribution (Form 1099-R)

Financial Liabilities

• Auto loans and leases if vehicle used for business - account numbers and car values
• Student loan interest paid
• Early withdrawal penalties on CDs and other time deposits

Homeowner/Renter Information

• Residential address for the current tax year
• Mortgage interest (Form 1098)
• Sale of your home/real estate (Form 1099-S)
• Interest on second mortgage
• Real estate taxes paid
• Rent paid during tax year
• Moving expenses

Miscellaneous Tax Documents

• Federal, state & local estimated income tax paid for current year (estimated tax vouchers, cancelled checks & personal payment records)
• IRA, Keogh and other retirement plan contributions (distinguish between self and employees)
• Records to document medical expenses
• Records to document casualty or theft losses
• Records for any other expenditure that may be deductible
• Records for any other revenue or sales of property that may be taxable or reportable

Personal/Business Expenses

• Gifts to charity (qualified written statement from charity for any single donations in excess of $250)
• Non-reimbursed expenses related to volunteer work
• Non-reimbursed expenses related to your job (travel expenses, uniforms, union dues, subscriptions)
• Investment expenses
• Job-hunting expenses
• Job-related education expenses
• Child care expenses
• Medical Savings Accounts
• Adoption expenses
• Alimony paid
• Tax return preparation expenses and fees from prior years

Personal Information

• Social Security Numbers of all family members including spouse and children
• Childcare provider information including name, address, and tax identification number or social security number
• Any alimony paid and the social security number of ex-spouse

Self-employment Data

• Business income (Form 1099-MISC and/or personal records)
• Partnership SE income (Schedule K-1)
• Business-related expenses (receipts, other documents & personal records)
• Farm-related expenses (receipts, other documents & personal records)
• Employment taxes & other business taxes paid for current year (personal records)