Tax Preparation Checklist from the Tax Lady

Please leave us a comment for our book giveaway from The Tax Lady, Roni Deutch.

Enjoy today’s checklist from the Tax Lady with everything you need to be prepared for your taxes:

Personal Data

• Name(s) and Social Security Number(s)
• Name(s) and individual taxpayer identification number(s)
• Childcare provider(s) – name, address, tax payer ID
• Alimony – name and Social Security number of individual paid

Employment / Income Data

• Form W-2 (wages and salary)
• Form 1099-G (unemployment compensation, state and local tax refunds)
• Form 1099-Misc (royalties, other income)
• Form 1099-C (canceled debt)
• Form 1099-R (annuities and pensions)
• Form RRB-1099 (Social Security – RR1 benefits)
• Schedule K-1 (partnership, S corporation, trust income)
• W-2G (gambling/lottery winnings)
• Jury duty pay received
• Prizes/awards
• Scholarships/fellowships/grants
• Alimony received

Self-Employment Data

• Form 1099-Misc (non-employment compensation)/ own records
• Schedule K-1 (partnership SE income)
• Receipts/own records for business-related expenses
• Receipts/own records for farm-related expenses
• Payment records for employment and other business taxes paid

Homeowner / Renter Data

• Residential address(es) for this year
• Form 1098 (mortgage/second mortgage interest paid)
• Form 1099-S (sale of home or other real estate)
• Form 1099-Misc (rent)
• Real estate taxes paid
• Receipts/own records of rent paid during the tax year
• Receipts/own records of moving expenses

Financial Assets / Income Data

• Form 1099-INT & 1099-OID (interest income)
• Form 1099-DIV (dividend income statements)
• Form 1099-B (proceeds from broker transactions)
• Form 1099-R (retirement plan distribution)
• Form 1099-SA (distributions from medical savings accounts)

Financial Liabilities

• Form 1098-E (student loan interest paid)
• Form 1098-T (qualified tuition)
• Early withdrawal penalties (CDs IRAs, etc.)

Automobiles

• Receipts/own records of personal property taxes paid
• Automobile loans/leases (account numbers and car value)

Expenses

• Form 1099-Q (qualified education program expenses)
• Medical savings accounts (name, account number, etc.)
• Receipts/own records for medical expenses
• Receipts/own records for investment expenses
• Receipts/own records for job-hunting expenses (you can still be employed to look)
• Receipts/own records of non-reimbursed expenses for job
• Receipts/own records for job-related education expenses
• Receipts/own records of non-reimbursed expenses for volunteer work
• Receipts/own records of gifts to charity
• Receipts/own records for adoption expenses
• Receipts/own records for alimony paid
• Receipts/own records for tax return preparation expenses and fees
• Travel log

Miscellaneous Tax Documents

• Receipts/own records for federal, state, and local estimated taxes paid
• Receipts/own records for IRA, Keogh, retirement plan contributions
• Records documenting casualty/theft losses
• Records for other deductible expenditures
• Records for other revenue or sales of property that may be taxable

Readers: Please leave us a comment for our giveaway, today is the last day to comment!

Happy Filing,

Miel