Tax Preparation Checklist

Below is a checklist to assist you in gathering all the important tax records and tax documents you need to prepare and efile your Federal and State Tax Returns efficiently and more effectively.

PLEASE DOWNLOAD THE TAX PREP CHECKLIST HERE SO YOU CAN PRINT IT, LOOK IT OVER, AND CHECK OFF THOSE ITEMS YOU HAVE HANDY FOR YOUR TAX RETURN.

Personal Information
□ Social security number & drivers license for you and your spouse
□ Alimony paid plus full name and social security number
□ Previous three years of tax returns (if applies)

Information About Other People Who May Belong on Your Return
□ Dates of birth and social security numbers
□ Childcare records (including the provider’s tax ID number)
□ Income of other adults in your home

Education Payments
□ Forms 1098-T from educational institutions
□ Receipts that itemize qualified educational expenses
□ Records of any scholarships or fellowships you received
□ Form1098-E if you paid student loan interest

Employee Information
□ Forms W-2

Self-Employment Information
□ Forms 1099-MISC, Schedules K-1, income records to verify amounts not reported on 1099s
□ Records of all expenses — check registers or credit card statements, and receipts
□ Business-use asset information (cost, date placed in service, etc.) for depreciation
□ Office in home information, if applicable

Business Use of Vehicle Information
□ Log showing total miles driven for the year (or beginning/ending odometer readings), total business miles driven for the year (other than commuting), and the business purpose of the mileage
□ Amount of parking and tolls paid

Rental Property Income
□ Records of income and expenses
□ Rental asset information (cost, date placed in service, etc.) for depreciation

Retirement Income and Contributions
□ Pension/IRA/annuity income (1099-R)
□ Social security/RRB income (1099-SSA, RRB-1099)
o Form 5498 showing IRA contributions
o Traditional IRA basis (i.e. amounts you contributed to the IRA that were already taxed)

Savings and Investments
□ Interest, dividend income (1099-INT, 1099-OID, 1099-DIV)
□ Income from sales of stock or other property (1099-B, 1099-S)
□ Dates of acquisition and records of your cost or other basis in property you sold (if basis is not reported on 1099-B)

Other Income
□ Unemployment, state tax refund (1099-G)
□ Gambling income (W-2G as well as expense records)
□ Amount of any alimony received
□ Health Savings Account (1099-SA or 1099-LTC)
□ Jury duty records
□ Hobby income and expenses
□ Prizes and awards
□ Other 1099

Affordable Care Act
□ Marketplace (Exchange)
□ Form 1095-B and/or 1095-C if you had insurance coverage through any other source (i.e . an employer, insurance company Medicare, Medicaid, CHIP, TRICARE, VA, etc.)
□ Marketplace exemption certificate

Other Deductions and Credits
□ Receipts for classroom expenses (for educators in grades K-12)
□ Form 5498-SA showing HSA contributions
□ All other 5498 series forms (5498-QA, 5498-ESA)
□ Record of moving expenses not reimbursed by employer
□ Forms 1098 or other mortgage interest statements
□ All other 1098 series forms
□ Amount of state/local income tax paid
□ Real estate and personal property tax records
□ Invoice showing amount of vehicle sales tax paid
□ Cash amounts donated
□ Records of non-cash charitable donations (GoodWill)
□ Amounts paid for healthcare insurance and to related expenses
□ Amounts of miles driven for charitable or medical purposes
□ Expenses related to your investments
□ Amount paid for preparation of last year’s tax return
□ Employment-related expenses (dues, publications, tools, uniform cost and cleaning, travel)
□ Job-hunting expenses
□ Receipts for energy-saving home improvements
□ Record of estimated tax payments made

If you were affected by a federally declared disaster
□ City/county you lived/worked/had property in
□ Records to support property losses
□ Records of rebuilding/repair costs
□ Insurance reimbursements/claims to be paid

 

DOWNLOAD THE TAX PREP CHECKLIST HERE