Tax Preparation Checklist
Here is a quick checklist to help you get started gathering your documents – we send a much more thorough version to our clients. Please note this is not a legal document and should not be relied upon as inclusive or conclusive; it may, however, save you time and remind you which tax documents you’ve collected through the year:
- Social security numbers (including spouse & children);
- Child Care provider (name, address, and tax id);
- Alimony paid – amount and name and social security number of recipient
Employment & Income Data
- W2 forms;
- Unemployment compensation: Forms 1099-G;
- Miscellaneous income including rent: Forms 1099-Misc;
- Partnership, S Corporation, & trust income: Schedule(s) K-1;
- Pension and/or annuities: Forms 1099-R;
- Social Security: Forms SSA-1099;
- Alimony received;
- Jury duty paid;
- Gambling & lottery winnings;
- Prizes & awards ~ scholarships & fellowships;
- State & local income tax refunds: Form 1099-G
Homeowner / Renter Data
- Residential address(s) for this year;
- Mortgage interest (including second property if applicable): Form 1098;
- Sale of your home or other real estate: Form 1099-S;
- Real estate taxes paid;
- Rent paid during the year and name & address of lanlord;
- Moving expenses
- Interest income statements: Forms 1099-INT & 1099-OID;
- Dividend income statements: Form 1099-DIV;
- Process from broker transactions: Form 1099-B;
- Retirement plan distributions: Form 1099-R
- Student loan interest paid;
- Early withdrawal penalties on CDs and other time deposits
- Personal property tax information
- Support for charitable contributions. – whether cash or non-cash;
- Medical expenses paid for yourself, your spouse or dependents (subject to limitations);
- Financial service or brokerage fees;
- Job hunting or unreimbursed job expenses
- Was every member of you family covered by health insurance for all of 2015? Forms 1099-HC, Forms 1095-A, B &/or C;
- Did you receve any corresondence from the IRS or your State Dept. of Revenue?
- Did you make gifts totaling more than $14,000 to any individual?
- Did you make any tax estimate payment to the IRS (Form 1040-ES) or the DOR?
- Do you have an interest in a foreign financial account?
- Did you make any college or higher education payments for yourself, your spouse or dependents?