Preparing for tax season can be a stressful time. With many different forms and documents, it can be hard to know what is required for your accountant to successfully and efficiently complete your tax return. Using a checklist can help reduce your tax-time stress. Below is a list of common types of income and expenses along with the document or other information you would typically provide us. Our checklist will help you get everything together before heading to our office.
Types of Income | Form Number or Other Support |
Wages | W-2’s |
Interest Income | 1099-INT |
Dividends | 1099-DIV |
State Tax Refund | 1099-G |
Self-Employment Income (Schedule C) | 1099-MISC, Income, Expense, Capital Improvements, Fixed Asset Additions |
Capital Gains and Losses | 1099-B |
IRA, Pension, and Annuity Payments | 1099-R |
Rental Property (Schedule E) | 1099-MISC, Income, Expense, Capital Improvements, Fixed Asset Additions |
Partnerships, S Corporations, Trusts | Schedule K-1 |
Farm Income | Income, Expense, Fixed Asset Additions |
Unemployement Compensation | 1099-G |
Social Security Benefits | SSA-1099 |
Other Income | 1099-MISC, Jury Duty, Prizes, Gambling Winnings, Cancellation of Credit Card Debt |
Educator Expenses | Unreimbursed classroom expenses, K-12 Only |
Health Savings Account | 5498-SA and 1099-SA |
Moving Expenses | Transportation and Storage of Household Goods, Cost of Travel from Old Home to New (no meals) |
Contributions for SEP, SIMPLE, IRA, Qualified Plan | Form 5498 |
Self-Employed Health Insurance | Premium Expense |
Student Loan Interest | 1098-E |
Tuition and Fees | 1098-T |
Medical Expenses | Total for Prescriptions, Doctors and Dentists, Hospitals, Eyeglasses and Contacts, etc.; also Medical Miles |
State and Local Income Taxes | List payment amounts and dates paid |
Real Estate Taxes | Often on 1098 if you have a mortgage |
Home Mortgage Interest | 1098 |
Mortgage Insurance Premiums | 1098 |
Investment Interest | Margin Interest Reported by Brokerage Firm |
Gifts to Charity | Provide details of non-cash gifts over $5,000 (donor name and address, what was donated, original cost, and donated value) |
Miscellaneous Deductions | Tax Preparations, Safe Deposit Box, Investment Fees and Publications, Unreimbursed Employee Business Expense, Uniforms and Work Tools, Gambling and Hobby Losses (to extent of income only) |