It's coming up! The extension deadline for 1040s is right around the corner (October 15th) and you may be scrambling to compile all your necessary documents. To assist you in your preparation, here's a short checklist of items you or your tax preparer may need.
GENERAL INFORMATION
Names, SSNs, and Birthdates for you, your spouse, and your dependents
Tax return from prior year
Voided check for electronic filing
Payments of estimated federal, state, or local taxes
INCOME INFORMATION
W-2s
Social Security received
1099s – Interest and dividend income, retirement, annuities, unemployment
Alimony received
Gambling income and losses
Securities (date of purchase, cost basis, date of sale, and sales price)
Rental property income (and expense)
SELF-EMPLOYED INFORMATION
Income (1099s, bank deposits, interest income)
Cost of goods sold
Auto expenses (mileage, insurance, interest, repairs/maintenance)
Wages paid
Business expenses
Home office expenses
ITEMIZED DEDUCTIONS
Real estate taxes
Mortgage interest – 1098
Medical expenses (prescriptions, insurance, doctors, dentists)
Charitable contributions
Unreimbursed business expenses
Union/Professional dues, hobby expenses, safe deposit box, tax prep fees
TAX CREDITS AND DEDUCTIONS
Child and dependent care expenses
Education expenses (1098-T or interest on student loans)
IRA contributions
Alimony paid
No comments:
Post a Comment