Identifying
Information
- Social
Security Numbers for yourself, your spouse and your children. Note that all
social security numbers must agree with Social Security Administration records.
- If a woman is married and does not officially change her name by bringing her original
marriage license to the Social Security Administration, she must file under
her maiden or prior married name.
Child
and Dependent Care Provider :
- If it is necessary for you to have someone care
for your child(ren) while you work because you are single, or you are married
and both spouses work, if the child is under age 13, you can deduct the cost of
the child care.
- You may also deduct the cost of care if
someone is caring for your disabled spouse while you work. In either case, we
need the providers name, address and tax I.D or Social Security Number.
Alimony
paid: If you pay alimony or maintenance (not child support), we need the
Social Security Number of your former spouse.
Employment &
Income Data (Please
bring originals or copies of these documents.)
- W-2
forms for this year
- Unemployment
compensation: Forms 1099-G
- Miscellaneous
income: Forms 1099-MISC* (See note about business expenses below)
- Partnership,
S Corporation, & trust income: Schedules K-1
- Pensions
and annuities: Forms 1099-R
- Social
Security/RR1 benefits: Forms SSA-1099 or RRB-1099
- Gambling
and lottery winning, Form W-2G** (See note about gambling losses below.)
- Prizes
and awards, Form 1099-MISC
- Scholarships
and fellowships, Form 1099-MISC
·State
and local income tax refunds: Form 1099-G
- Rent
or Royalty Income: Form 1099-MISC
Homeowner Data
- Mortgage interest from all
mortgages: Form 1098
Purchase or sale of your home or
other real estate:
- If you bought or sold a home this year, we need the HUD-1
statement from the closing package.
Moving Expenses
- If you moved more than 50 miles
away from your former home and you are now working in the new location, you may
be eligible to deduct the cost of moving
- You need to gather the costs for
moving your family and your
household items.
Investment and
Bank Accounts (Please
bring original forms or copies.)- Interest
income statements: Form 1099-INT & 1099-OID
- Dividend
income statements: Form 1099-DIV
- Proceeds
from broker transactions: Form 1099-B. If your brokerage house does not provide
cost basis information (usually a separate year-end statement), you will need
to gather information on how much you paid for stocks sold.
- If
you inherited them and you don’t have a statement of the value of the
inheritance, if you can provide us with the date, we can figure it out.
- Retirement
plan distribution: Form 1099-R
Financial
Liabilities
- Student loan interest paid.
- Early withdrawal penalties on CDs
and other time deposits.
Medical Expenses - ONLY if they are likely to be more than 10% of your
income
Gifts
to charity (Note: You need a qualified written statement from charity for any
single donations of $250 or more).
- You may also deduct the expenses related to
your volunteer work: If you use your car for volunteer work, we need mileage
date. Otherwise, any supplies or telephone charges, etc. can be deducted.
Unreimbursed
expenses related to your job (travel expenses, uniforms or work clothing, union
and professional dues, subscriptions to business publications, mobile phone
charges that relate to your work, tools or supplies your purchased for use at
work, etc.) You cannot deduct the cost of commuting to and from work, but any
additional mileage is deductible. So, if, for example, you use your own car to
go between two different work locations or you use your own car to run errands
for your employer or visit clients, you may deduct 53 cents a mile for all business
miles driven in 2016.
- Investment
expenses: ( i.e., Investment publications, telephone calls to investment
advisors or management fees paid to investment companies.)
- Job-hunting
expenses (i.e., resume printing or faxing, mileage, overnight travel)
- Job-related
education expenses, if education is required for your job.
- Child
care expenses
·
- Adoption
expenses
- Alimony
paid
- Tax
return preparation expenses and fees
Self-Employed
Business Expenses (applies
to almost anyone receiving a 1099 for nonemployee compensation.)
- Business-related
expenses: Receipts, other documents & own records
- Business
Vehicles: Mileage log or other information regarding vehicle usage. If vehicle
is leased, we need a total of lease payments made during the year plus total
expenses for insurance,
gasoline
and repairs.
- If
vehicle is owned, for ease, IRS mileage method can be used to approximate all
expenses based on mileage.
Rental Expenses If you rent real estate, you will
need the following information. If the rental is part of your home, you need to
know the percentage of your home that is rented.
- Mortgage
and real estate taxes
- Repair
and maintenance costs, including landscaping, snow removal.
- Utility
charges, if you pay them.
- Insurance
premiums paid.
Miscellaneous
Information
- Federal,
state & local estimated income tax paid for current year: Estimated tax
vouchers,
- cancelled
checks & other payment records
- IRA,
Keogh and other retirement plan contributions.
- Records
to document casualty or theft losses
- Records
for any other expenditures that may be deductible
- Records
for any other revenue or sales of property that may be taxable or reportable
Gambling Losses
You may deduct the amount of
gambling losses up to the amount of winnings. If you have winnings, you need to
be able substantiate your losses. Casinos will often supply statements if you
use their courtesy cards when you play.
New Clients:
Please bring a copy of last year’s tax return.
