Super duper Tax Filing Checklist

It is that time of year when you start to receive mail that says, “Tax information included.” I know I have thought a few times, “Do I really need this?”Checklist

Here is a checklist of items that you may need to complete your filing. Don’t worry, we have seen our fair share of organizational systems including bags, shoeboxes, briefcases and even old beer boxes. 
 
Your specific paperwork certainly depends on your filing status and occupation, but this list will help to get you started.

Personal Data
•Social security numbers (including spouse and children)
•Child care provider tax ID or SSN and address

Home and Rental Property Data
•Mortgage interest (from 1098)
•Home equity loan interest
•Real estate taxes paid
•Sale of your home or other real estate (form 1099-S)
•Rental Property income
•Rental property expenses

Income Data
•W-2 Forms
•Pensions and annuities documentation
•Partnership and trust income
•Jury Duty Pay
•Alimony Received
•State and local income tax refund
•Scholarships and fellowships
•Prizes and awards
•Gambling and lottery winnings


Financial Assets and Liabilities
•Interest income statements (form 1099-INT & 1099-OID)
•Dividend income statements (form 1099-DN)
•Tax refunds and unemployment compensation (form 1099-G)
•Proceeds from broker transactions (form 1099-B)
•Miscellaneous income (form 1099-MISC)
•Retirement plan distribution (form 1099-R)
•Student loan interest paid
•Early withdrawal penalties on CD’s

Home and Rental Property Data
•Mortgage interest (form 1098)
•Home equity loan interest
•Real estate taxes paid
•Sale of your home or other real estate (form 1099-S)
•Rental property income
•Rental property expenses

Self-Employment Data
•K-1’s on all partnerships
•Receipts and documentation for all business related expenses
•Farm Income
•Auto mileage log
•Home office square footage

Expense Documentation
•Charitable donations
•Unreimbursed business of volunteer work expenses
•Child care expenses
•Alimony paid
•Tax Return preparation fees
•Investment expenses
•Education expenses
•Job-hunting expenses
•Adoption expenses
•Moving expenses
•Medical expenses

Deductions
•IRA, SEP, SIMPLE and other retirement plan contributions
•Casualty and theft losses
•Medical savings accounts
•Energy Credit Expenditures

After you have found the pertinent paperwork, feel free to stop by one of our many offices. We would be happy to go through this for you and help get you a fast refund!


 

David Rocci 

 

Disclaimer: Every effort has been taken to provide the most accurate and honest analysis of the tax information provided in this blog. Please use your discretion before making any decisions based on the information provided. This blog is not intended to be a substitute for seeking professional tax advice based on your individual needs.

 

Posted To: Tax Rants by David Rocci By: David Rocci On: Sunday, January 22, 2012
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