Use this as a guide to gather your information for your tax appointment.



NEW CLIENTS

A copy of last year’s Federal and State tax returns is needed (very important)

INCOME ITEMS

 
  • Form W-2’s Wage Statements
  • Form 1099, Interest and Dividend Statements
  • Form 1099-R, Pension and IRA Statements
  • Unemployment Compensation
  • Sale of Stock Information including Sales Price, Purchase Price, and Date bought and sold
  • Social Security Statements
  • Business Income and Expenses
  • Rental Income and Expenses
  • Gambling Winnings

DEDUCTION ITEMS

  • SEE OUR TAX TIPS DEDUCTION CHECKLIST ATTACHED  

IF YOU BOUGHT A NEW HOME

  • Settlement Statement on the purchase of your new home

IF YOU SOLD A HOME OR REFINANCED

  • Settlement Statements on the sale of old home and the purchase of the old home(if possible)
  • List of Home Improvements on old home if you foresee a large gain

IF FILING ELECTRONICALLY (ONLY WHEN EXPECTING A REFUND)

  • A voided or canceled check

 

TAX TIPS DEDUCTION CHECKLIST

 

YOUR HOME

 
  • Mortgage interest
  • Real estate taxes
  • Points paid by you on a new home loan
  • Points paid by seller on your behalf
  • Points paid on refinancing (pro rata over life of loan)
  • Remaining undeducted points on first refinancing when you refinance a second time
  • Home office expenses, if you qualify
  • Home improvements done for medical reasons, to extent home’s value isn’t increased
  • Costs of moving to a new home, if your move is job-related and meets qualifications

YOUR WORK

 
  • Union and professional dues
  • Continuing professional education expenses
  • Job-related education expenses
  • Job hunting travel and phone expenses
  • Job counseling fees
  • Employment agency fees
  • Resume preparation costs
  • Small tools used in your job
  • Uniforms or special work clothing
  • Child care costs while you work, seek work, or attend classes
  • Unreimbursed employee business expenses such as business travel, business meals, and business entertainment

YOUR INVESTMENTS

 
  • Fees for investment advice
  • Subscriptions for investment-related publications
  • Travel to manage investment property
  • Capital losses
  • Loss for worthless investments
  • Suspended passive losses
  • Interest expense (limited)
  • Penalty for early withdrawal of savings
  • IRA trustee fees, if billed and paid separately
  • Amortization of premiums on taxable bonds

YOUR FAMILY

 
  • Child and disabled-dependent care costs
  • Alimony paid
  • Additional standard deduction if blind or over age 65
  • Special schools for a handicapped child

MEDICAL EXPENSES

 
  • Health insurance premiums
  • Unreimbursed healthcare expenses
  • Auto mileage to obtain medical care
  • Lodging on trips for medical care
  • Eyeglasses, contact lenses, and lens insurance
  • Chiropractic treatments
  • Extra cost of Braille publications
  • False teeth, hearing aids
  • Braces, crutches, wheelchairs, and similar devices
  • Drug or alcohol abuse treatment
  • Medical expenses of a parent for whom you provide over 50% support
  • Cost of nursing home where medical treatment is principal reason for stay

CHARITABLE GIVING

 
  • Cash contributions
  • Fair market value of property contributed
  • Actual expense of mileage rate for driving in charitable work
  • Out-of-pocket expenses of charitable work (no deduction for your services)

MISCELLANEOUS EXPENSES

 
  • Fees for tax planning and preparation
  • Personal property taxes
  • Casualty and theft losses, within limits
  • State and local income taxes
  • Gambling losses to extent of winnings


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