TAX PREPARATION
Preparing for Tax Day
Use these tips to help you prepare for your appointment
Information Documents
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Copies of Drivers License or State IDs
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Social Security Cards
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Proof of Residence for dependents claiming EIC
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Birthdates of Individuals on Tax Return
Income Documents
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Income from jobs: forms W-2 for you and your spouse
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Investment income—various forms 1099 (-INT, -DIV, -B, etc.), K-1s, stock option information
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Income from state and local income tax refunds and/or unemployment: forms 1099-G
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Taxable alimony received
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Business or farming income—profit/loss statement, capital equipment information
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If you use your home for business—home size, office size, home expenses, office expenses
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IRA/pension distributions—forms 1099-R, 8606
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Rental property income/expense—profit/Loss statement, rental property suspended loss information
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Social Security benefits—forms SSA-1099
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Income from sales of property—original cost and cost of improvements, escrow closing statement, cancelled debt information (form 1099-C)
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Prior year installment sale information—forms 6252, principal and Interest collected during the year, SSN and address of payer
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Other miscellaneous income—jury duty, gambling winnings, Medical Savings Account (MSA), scholarships, etc.
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Documents for purchase, sale, or trade-in of equipment
Other Tax Documents
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IRA contributions
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Energy credits
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Student loan interest
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Medical Savings Account (MSA) contributions
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Self-employed health insurance payments
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Keogh, SEP, SIMPLE and other self-employed pension plans
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Alimony paid that is tax deductible
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Educator expenses
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State and local income taxes paid
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Real estate taxes paid
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Personal property taxes—vehicle license fee based on value
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Estimated tax payment made during the year, prior year refund applied to current year, and any amount paid with an extension to file.
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Direct deposit information—routing and account numbers
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Foreign bank account information—location, name of bank, account number, peak value of account during the year
Tax Deduction Documents
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Child care costs—provider’s name, address, tax id, and amount paid
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Education costs—forms 1098-T, education expenses
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Adoption costs—SSN of child, legal, medical, and transportation costs
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Home mortgage interest and points you paid—Forms 1098
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Investment interest expense
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Charitable donations—cash amounts and value of donated property, miles driven, and out-of-pocket expenses
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Casualty and theft losses—amount of damage, insurance reimbursements
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Medical and dental expenses