CHECK LIST | tees

Tax Preparation Check List

Don't wonder if you could get audited or what you need to make sure your taxes are filed correctly?

Don't worry about knowing all the new tax laws for this year.

Call Terena Meador to schedule your appointment today! 540-505-4200

Personal Information

Social Security numbers and dates of birth for you, your spouse, your dependents
Copies of last 2 year’s tax return for you and your spouse. We can check to make sure you received the most deductions from prior years.
Bank account number and routing number, if depositing your refund directly into your account.

Income Information

W-2 forms for you and your spouse
1099-C forms for cancellation of debt
1099-G forms for unemployment income, or state or local tax refunds
1099-MISC forms for you and your spouse (for any independent contractor work)
1099-R, Form 8606 for payments/distributions from IRAs or retirement plans
1099-S forms for income from sale of a property
1099-INT, -DIV, -B, or K-1s for investment or interest income
SSA-1099 for Social Security benefits received
Alimony received
Business or farming income - profit/loss statement, capital equipment information
Rental property income and expenses: profit/loss statement, suspended loss information
Prior year installment sale information - Forms 6252, principal and interest collected during the year, SSN and address for payer.
Miscellaneous income: jury duty, gambling winnings, Medical Savings Account, scholarships, etc.

Income Adjustments

These items will help get a larger refund or reduce the amount you may owe.

Form 1098-E for student loan interest paid (or loan statements for student loans)
Form 1098-T for tuition paid (or receipts/canceled checks for tuition paid for post-high school)
For teachers: Canceled checks or receipts for expenses paid for classroom supplies, etc.
Records of IRA contributions made during the year
Receipts for any qualifying energy-efficient home improvements (solar, windows, etc.)
Records of Medical Savings Account (MSA) contributions
Self-employed health insurance payment records
Records of moving expenses
Alimony paid
Keogh, SEP, SIMPLE, and other self-employed pension plans.

Taxes You've Paid

Other Information

Estimated tax payments made during the year (self-employed)
Prior-year refund applied to current year and/or any amount paid with an extension to file
Foreign bank account information: location, name of bank, account number, peak value of account during the year

Deductions and Credits

Make sure you get all the deductions and credits you deserve.

Child care costs: provider’s name, address, tax ID, and amount paid
Education costs: Form 1098-T, education expenses
Adoption costs: SSN of child; records of legal, medical and transportation costs
Forms 1098: Mortgage interest, private mortgage insurance (PMI), and points you paid
Investment interest expenses
Charitable donations: cash amounts, official charity receipts, canceled checks; value of donated property; miles driven and out-of-pocket expenses
Medical and dental expense records
Casualty and theft losses: amount of damage, insurance reimbursements
Records/amounts of other miscellaneous tax deductions: union dues; unreimbursed employee expenses (uniforms, supplies, seminars, continuing education, publications, travel, etc.)
Records of home business expenses, home size/office size, and home expenses.
Rental property income/expenses: profit/loss statement, rental property suspended loss information