This is a quick checklist to help you get through the tax season successfully. Use this checklist to help you organize and prepare so that you can file and receive your return faster. You may need to provide documentation if any of the below items applies to you.
Note: This check list is not an exhaustive list of the information needed to file your taxes; this list displays the general items needed for the average individuals returns. Our tax pros assess each clients situation and determines the exact information required to file on an individual basis.
- Personal Information
The IRS will need your personal information and the personal information of anyone who will be covered under your taxes.
- Social security number (for you, your spouse, your children and/or dependents)
- Date of Birth (for you, your spouse, your children and/or dependents)
2. Income Information
The IRS will want information about all of your sources of income (including your spouse). Examples include:
- Income from your jobs ( W-2’s)
- Business or farming income
- Investment income
- Unemployment income
- Social security benefits
- Home business information (home size, office size, expenses, etc.)
- Rental property income/expenses
- Income from sale of property
- Prior year installment sale information (payer information, principal and interest collected)
- Additional misc. income (including scholarships, jury duty, winnings from gambling etc.)
3. Income Adjustments
Income adjustments help to lower your tax liability or increase your refund amount by reducing the amount of your income that is taxed. Some common adjustments include:
- Student loan interest
- Educator expenses
- Self employed pension plans
- IRA contributions
- Energy credits
- Alimony paid
4. Itemized tax deductions and credits
The government actually helps you lower your tax liability by offering several deductions and credits.
- Childcare costs
- Education costs
- Adoption costs
- Advance Child Tax Credit payment
- Mortgage interest
- Charitable donations
- Casualty and theft loses
- Medical and dental expenses
Our tax pros check an extensive list of deductions and credits to ensure you receive the maximum tax return.
- Other information that may be required:
- Bank account information
- Past return information
- Estimated payments made during the year
- Other taxes paid (personal property tax, real estate taxes, etc.)
Ready to file? Great! We’re ready to max your return. Let’s work.