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Individual Tax Preparation Checklist
The following items, if applicable in your tax situation, will be needed by your CPA to prepare your income tax returns. For some situations, we need additional data as indicated in the table at the bottom of the page.
Income:
W-2 forms – ORIGINALS, please
COPIES OF THE FOLLOWING:
1099 forms (all), including:
1099-INT forms from banks and credit unions
1099-DIV forms from credit unions, mutual funds and stock companies
1099-G forms for prior year state refund
1099-B forms from mutual funds, stock companies for fund/stock sales
Cost of mutual funds/stocks sold, acquisition date
1099-R IRA rollover/distribution information forms
1099-R Pension/Annuity received information forms
If pension: age at starting date & after-tax amount contributed
Alimony received/paid and name/social security number of recipient, if paid
If business owner, provide detail listing of income and expenses (categorized)
Type of vehicle, date placed in service, total/business mileage, own or lease, health insurance paid if non-subsidized policy, if business operated prior to year of returns being prepared, cumulative depreciation schedule, if business began in year prior to year of returns being prepared, equipment purchased, cost & date placed in service
Rental properties – detailed income and expenses,
If placed in service prior to year of returns being prepared, cumulative depreciation schedule
If placed in service during year of returns being prepared, we need copy of HUD-1 closing statement
K-1 forms from any partnerships, Sub-S corporations, trusts or estates
Farm income and expenses
Unemployment compensation
Any other income
Deductions:
COPIES OF THE FOLLOWING:
IRA/SIMPLE/Keogh/SEP contributions
Moving expenses
Penalty on early withdrawal of savings or CDs
Medical or dental expenses
Federal and state income taxes paid for year of returns being prepared: amount and date paid
Real estate taxes
Other taxes, such as personal property taxes / vehicle taxes
1098 home mortgage interest
Home mortgage interest not reported on form 1098, identifying name/address/social security number
Points paid on refinancing, date of refinancing and term of new loan
Investment interest from merger accounts, other investment loans
Cash/non-cash charitable contributions to qualified organizations
Un-reimbursed employee expenses, tax preparation fees/investment expenses
Any other deductions
Other:
Copy of prior year federal/state income tax return (if this is your first year with us)
Copy of a voided check with account and routing information (we cannot use a deposit slip), if you would like your refund direct deposited
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If you have...
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We need...
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Stocks or bonds
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Year-end broker statements |
| Mutual fund investments |
Year-end statements with % that is US Government interest, % by state and / or % AMT (usually an enclosed booklet) |
| Sale of stocks or bonds or mutual funds |
Sale: # units, date(s), sale amounts(s); Purchase: # units, date(s), cost amount(s) |
| Municipal bonds or muni bonds funds |
Year-end statement that shows amount of interest, % by state and / or % AMT |
| Sold, exchanged, or purchased property |
Closing statements (HUD-1 statements); if property was sold or exchanged, we also need HUD-1 from purchase |
| Interest in partnership, S corp, or trust |
K-1 |
| Mortgage(s) |
Year-end Form 1098 |
| Refinanced |
Closing statement (HUD-1) and term of loan |
| Non-cash charitable contributions over $500 and less than $5,000 |
Itemized list showing the date acquired, how acquired, cost when acquired, and how valued for contribution, donated value |
| Non-cash charitable contributions over $5,000 |
Appraisal, unless publicly traded stock |
| Exercised incentive stock options or non-qualifying stock options |
Paperwork showing exercise price, option price, how much included in wages |
| Sold employee stock purchase plan stock |
Paperwork showing cost basis |
| A new child or spouse |
His/her name, SSN, date of birth |
| Not had us prepare your prior year's returns |
Your last two years' federal and state returns |
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