Reduce Tax-Time Stress!
W-2s1099s for miscellaneous incomeProof of alimonyInterest and dividend income statementsSocial Security (1099-SSA) and pension income statements
Retirement plan distributions (1099-R) for contributions, distributions, and rolloversBrokerage statements (1099-B)Profit/loss K-1 statements from partnerships, trusts, and small businessProof of other income (jury duty, child support, etc.)Income/expense from rental properties, self-employment, and hobbiesReal estate tax documentsExpenses: moving, education, child-care, mortgage and student interest, IRA contributionsCharitable donations (cash and non-cash) receiptsHealth care expensesCasualty and theft loss documentationUn-reimbursed employee expensesReceipts for qualified energy efficiency purchasesDocuments for the purchase, sale, or refinance of your homeMotor vehicle registration receiptsGambling profit and losses documentationMileage logs for business, moving, medical, and charitable travelJob related expensesCost information for any investment or property saleFull information on any dependents (DOB, age, any income, etc.)Education information for all qualifying family membersReview all checking account and credit card statements for deductionsIdentify any estimated tax payments made during the yearCopies of any tax refundsYear-end payroll check stubRecap of any gifts received or given in excess of $13,000
Start Collecting Your Tax Records Now
Towards the end of this month you will start receiving the paperwork necessary to file your income taxes. What should you keep? Here is a checklist of some common items needed at tax time:
Income
W-2s1099s for miscellaneous incomeProof of alimonyInterest and dividend income statementsSocial Security (1099-SSA) and pension income statementsRetirement plan distributions (1099-R) for contributions, distributions, and rolloversBrokerage statements (1099-B)Profit/loss K-1 statements from partnerships, trusts, and small businessProof of other income (jury duty, child support, etc.)Income/expense from rental properties, self-employment, and hobbiesDeductions
Real estate tax documentsExpenses: moving, education, child-care, mortgage and student interest, IRA contributionsCharitable donations (cash and non-cash) receiptsHealth care expensesCasualty and theft loss documentationUn-reimbursed employee expensesReceipts for qualified energy efficiency purchasesDocuments for the purchase, sale, or refinance of your homeMotor vehicle registration receiptsGambling profit and losses documentationMileage logs for business, moving, medical, and charitable travelJob related expensesOther
Cost information for any investment or property saleFull information on any dependents (DOB, age, any income, etc.)Education information for all qualifying family membersReview all checking account and credit card statements for deductionsIdentify any estimated tax payments made during the yearCopies of any tax refundsYear-end payroll check stubRecap of any gifts received or given in excess of $13,000
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