Tax season is here, and you are starting to think… Man, what do I need to remember to bring this year? The good news is: we have a simple tax checklist you can find HERE. We also send you everything you need to know in your client organizer. This packet includes our engagement letter as well as a list of questions to help brainstorm any documents or information we need to be aware of.

 

The following is a good general list of the items to bring in with you for your scheduled tax appointment:

 

Prior Year Tax Return Copies  

This is generally only needed if you are a new client. If so, bring your tax returns from the previous three years.

 

Personal & Dependent Information 

Social Security or ITIN Numbers with date of births for anyone who’ll be on your tax return

Childcare payment records with licensed provider’s ID number(s)

Amount of any alimony payments with ex-spouse SSN

 

Income Statements 

Bring any & all W-2, 1098, 1099 & schedule K-1 forms

Purchase date & total investment for any stocks or property sold

List of investment related expenses

Education scholarships or fellowships

 

Itemized Deductions 

Mortgage interest, real estate & personal property tax records

Casualty & theft losses

Amounts of state & local income tax paid in prior years

Records of cash donations to religious institutions, schools & other charities

Records on non-cash charitable donations

Unreimbursed job-related expenses (travel, tools, cell phone charges, uniform cost/cleaning, luggage, services fees, trade journals, meals & entertainment)

Job search/moving expenses

 

Retirement & Education 

Records of any contributions to IRAs, HSAs & other retirement plans

Records of tuition and other higher education expenses (books, computers, etc)

 

Health Care (New for Tax Year 2018)  

Form 1095-A if you received health insurance from an Exchange (State or Federal)

Marketplace exemption certificate if you applied for and received an exemption from the Exchange

 

Stocks & Mutual Funds 

If you sold stocks or mutual funds, please provide a spreadsheet/list showing:

The date(s) you purchased each item(s) sold

Total purchase price of each item sold.  Do not assume your cost information is provided on Form 1099.

 

Self-Employment 

Gross self-employment income for the tax year and your applicable expenses categorized and summarized by the type of expense (i.e. advertising, equipment, supplies, etc)

 

Rental Property 

If you received income from rental property (Schedule E), please prepare a simple 1-page income statement showing:

 

Gross rental income you received during the tax year

Your applicable expenses categorized and summarized by the type of expense (i.e. advertising, mortgage interest, real estate taxes, repairs, maintenance, condo fees, etc).

Rental start date and original cost base for all properties

If you used a portion of your home for business use, please provide:

Square footage calculation of the area used for business

The date you began using the space for business

Original purchase price paid for the property

Summary of your utility expenses (gas, electric, oil, condo fees, landscaping, snowplowing, maintenance, etc)

Major home improvements and direct office expenses (repairs, business phone, etc).

 

Business Use of Home Information

If you use a part of your home for your business, bring the following:

Square footage calculation of the area used for business

The date you began using the space for business

Original purchase price paid for the property

Summary of your utility expenses (gas, electric, oil, condo fees, landscaping, snowplowing, maintenance, etc)

Major home improvements and direct office expenses (repairs, business phone, etc)

 

If You Were Affected by a Disaster

There are deductions that are applicable if you were affected by a federally declared disaster.

Records of property loss

Records of building/repair costs

Insurance reimbursement/claims to be paid

FEMA assistance information

 

Violet Ly

Front Office Supervisor