|
|
|
Data and Document
Checklist for Preparation of Your Tax Return
A List of the Documents and Information to Send to Your Tax Pro
It's always helpful to organize your tax information and supporting
documents before you begin the process of preparing your tax return --
whether you engage a tax professional or prepare it yourself. Here
is a checklist to help you collect the information needed for your income
tax returns.
| Documentation for
Personal Income and Expense Items |
|
Business,
Employee-related and
Rental Property Information |
 | W-2 forms from each employer you had during the year |
| 1099-INT and 1099-DIV interest and dividend income reporting
forms |
| 1099-R forms for pension income and retirement plan
distributions |
| 1099-S for Social Security benefits received |
| 1099-G for state unemployment compensation, state tax refunds,
gambling or lottery winnings |
| 1099-MISC for compensation received as an independent
contractor, executor, trustee, etc. |
| 1099-B for the sale of securities |
| 1099-S for sale of real estate |
| Form 1099-Q, Payments From Qualified Education Programs |
| Form 1099-SA, Distributions From an HSA, Archer MSA, or Medicare
Advantage MSA. |
| Form 1098 for mortgage or home equity loan interest you paid |
| 1098-T for tuition and fees paid for higher education (and info
on other education expenses) |
| Alimony paid or received, including Social Security Number of
recipient (save cancelled checks) |
| Records of purchase and sale of a personal residence, including
the settlement statement from closing (Keep records of all home
improvements.) |
| Real estate taxes paid during the year |
| Summary of medical and dental expenses paid during the year and
any insurance reimbursements |
| Schedule of estimated federal, state and local taxes paid during
the year |
| Summary of charitable donations, including cash, checks and
donated property. Keep all receipts. If value of donated
property exceeds $500, an itemized list is necessary. |
| Child care expenses and provider information. The tax
identification number of the provider is required. |
| Information on IRA contributions made or to be made for the tax
year |
| Summary of moving expenses, if eligible for the moving expense
deduction |
| Schedules K-1 from partnerships, S corporation, trusts or
estates. NOTE: These forms are not required to be
delivered to you by January 31st, so they may arrive later than
other tax documents. |
| Summary of casualty losses from fire, theft or natural disaster |
|
|
| Job-related expenses, such as union or professional association
dues, work clothing, tools, supplies, job-hunting and job-related
education. |
| Log book for business use of a vehicle. |
| Other records relating to vehicles purchased or leased during
the year for which you are claiming business expense deductions |
| Receipts for travel, lodging and meals while on business |
| Receipts and records for all business-related income and
expenses |
| Records of all income from and expenses paid for rental real
estate you own |
|
| If You Can Answer Yes to the Following Questions,
You Should Give All Related Documents to Your Tax Preparer. |
| Did you pay interest on higher education loans? |
| Were there any births, deaths, adoptions, divorces or marriages
in your household? |
| Did you convert a traditional IRA to a Roth, or recharacterize a
Roth back to a traditional IRA? |
| Did you receive tip income? |
| Did you receive a notice from the IRS, state or local taxing
agency regarding a prior year tax return? |
| Did you receive installment payments on property sales? |
| Did your children under 14 years of age receive investment
income? |
| Did you support anyone other an your own children? |
| Did you make gifts to any individual other than your spouse of
more than $11,000? |
| Do you have a foreign bank account? |
| Did you refinance your mortgage during the year? |
| Did you pay points to purchase a home or refinance a mortgage
during the year? |
| Did you receive non-taxable sick pay? |
| Did you have household employees? |
| If you did not receive a W-2 from a former employer, do you have
the final pay stub from that employer? |
| Did you receive money from a lawsuit? |
| Did you receive money from any other source not previously
mentioned in this checklist? |
|
|
