Tax Preparation Checklist

Personal Information

  • Your social security number
  • Your spouse's full name and social security number
  • Your 2016 tax return (some personal and business returns may require more than the prior year's tax return)
  •  Bank's routing number and account number if you are expecting a refund (for faster processing) or you would like to direct debit

 

Other people who may belong on your return (children, parents, etc)

  • Dates of birth and social security numbers
  • Childcare records (including the provider's ID number) if applicable
  • Approximate income of other adults in your home (not spouse, if you're filing jointly)
  • Form 8332, copies of your divorce decree, or other documents showing that your ex-spouse is releasing their right to claim a child to you

 

Education Payments

  • Bills from the educational institution or other proof of what you paid or received (loans) versus what was covered by scholarship or other financial aid
  • Forms 1098-T and 1098-E, if you received them
  • Scholarships and fellowships

 

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
  • Vehicle Information (If used for business)
  • Total miles driven for the year (or beginning/ending odometer readings)
  • Total business miles driven for the year (other than commuting)
  • Amount of parking and tolls paid
  • If you want to claim actual expenses, receipts or totals for gas, oil, car washes, licenses, personal property tax, lease or interest expense, etc.

 

Rental Income

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

 

Retirement Income and IRA contributions/distributions

  • Pension/IRA/annuity income (1099-R)
  • Social security/RRB income (1099-SSA, RRB-1099)
  • Amount contributed for the tax year
  • Traditional IRA basis
  • Value of IRAs on Dec. 31 of the tax year

 

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

 

Other Income

  • Unemployment, state tax refund (1099-G)
  • Gambling income (W-2G or records showing income, as well as expense records)
  • Amount of any alimony received and ex-spouse's name
  • Health care reimbursements (1099-SA or 1099-LTC)
  • Jury duty records
  • Hobby income and expenses
  • Prizes and awards
  • Other 1099s

 

Other deductions and expenses

  • Amount of any alimony paid and ex-spouse's social security number
  • Moving expenses receipts or proof
  • HSA payments
  • Self-employment health insurance

 

Expenses and possible deductions (Itemizing Deductions)

  • Forms 1098 or other mortgage statements
  • Amount of state/local income tax paid (other than wage withholding), or amount of state and local sales tax paid
  • Real estate and personal property tax records
  • Invoice showing amount of vehicle sales tax paid
  • HUD statement showing closing date of home purchase
  • Cash amounts donated to houses of worship, schools, other charitable organizations
  • Records of non-cash charitable donations
  • Amounts paid for healthcare insurance and to doctors, dentists, hospitals
  • Amounts of miles driven for charitable or medical purposes
  • Expenses related to your investments
  • Amount paid for preparation of your prior year's tax return
  • Employment-related expenses (dues, publications, tools, uniform cost and cleaning, travel)
  • Job-hunting expenses

  

If you were affected by a federally declared disaster

  • City/county you lived/worked/had property in
  • Records to support property losses (appraisal, clean up costs, etc.)
  • Records of rebuilding/repair costs
  • Insurance reimbursements/claims to be paid
  • FEMA assistance information
  • Check FEMA site to see if your county qualifies for individual assistance

 

Trending Links

Use our web portal here for easy uploads

Engagement Letter (pdf)

Tax Organizer (xls)

Rental Property Organizer (xls)

 
Free business joomla templates