Helpful Checklist of Documents Needed for an Easy Tax Preparation

The accountants at AccountAbility Specialists Inc have more than 50 years of combined experience in providing quality tax preparation and accounting services at affordable rates. When you work with us, we'll strive to exceed every client's expectation.

Individual Income Tax Return –

1. Did your filing status change? Do you have any new dependents?

2. All W-2s

3. All 1099s including:

• 1099-A, Acquisition or Abandonment of Secured Property
  
• 1099-B, Proceeds From Broker and Barter Exchange Transactions
  
• 1099-C, Cancellation of Debt
  
• 1099-DIV, Dividends and Distributions
  
• 1099-G, Certain Government Payments, Including Unemployment
  
• 1099-INT, Interest Income
  
• 1099-K, Merchant Card and Third Party Network Payments
  
• 1099-LTC, Long-Term Care and Accelerated Death Benefits
  
• 1099-MISC, Miscellaneous Income
  
• 1099-OID, Original Issue Discount
  
• 1099-Q, Payments From Qualified Education Programs (Under Sections 529 and 530)
  
• 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans,  IRAs, Insurance Contracts, etc.
  
• 1099-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA
• 1099-NEC, Nonemployee Compensation
  

4. Schedule K-1s from S Corps, partnerships or trusts

5. SSA-1099 - Social Security Benefit Statement

6. If you own your home:

• Medical/dental/vision expenses and insurance premiums
  
• Real estate and personal property taxes
  
• Mortgage interest (Form 1098)
  
• Cash donations receipts
  
• Non-cash donations receipts
  
• Sales tax receipt of major purchases
  

  7. If you are self-employed or a single member LLC (File Schedule C):

• Gross receipt or sales with supporting documentation
  List of all business expenses with supporting documentation such as
• Advertising
  
• Car expenses
  
• Make, model, and year
  
• Number of business miles driven during the year
  
• Number of total miles driven during the year
  
• Actual car expenses incurred during the year
  
• Commission and fees
  
• Contract labor paid (bring 1099s issued)
  
• Business insurance
  
• Health insurance premiums
  
• Business interest
  
• Legal and professional fees
  
• Rent
  
• Supplies
  
• Taxes and licenses
  
• Travel
  
• Meals and entertainment
  
• Utilities
  
• Dues and subscriptions
  
• Cell phone and business use %
  
• Cost of goods sold
  
• Furniture and fixtures, equipment
  
• Inventory as of 12/31, if any
  

  8. If you have a rental property:

• Number of days property was rented
  
• Number of days used for personal use
  
• Rental income
  
• Expenses
• Advertising
  
• Auto and travel
  
• Cleaning and maintenance
  
• Commissions
  
• Insurance
  
• Legal and professional fees
  
• Management fees
  
• Interest – Mortgage (1098)
  
• Interest – Other
  
• Repairs
  
• Supplies
  
• Taxes
  
• Utilities
  
• Other
  

 9. Did you make any IRA Contributions? If yes, how much and date of contribution

10. Child and Dependent Care Expenses paid with name and EIN of provider

11. Alimony paid or received

12. Any other income received

13. Date and amount of estimated tax payments received

14. Did you sell your primary residence?

15. Did you have any casualties and theft losses?

16. Did you earn interest, or are you an authorized signature holder on a foreign bank  account? If yes,

• December statement from foreign bank account
  
• Statement with the highest dollar value during the year