Checklist for Yearly Tax Preparation

 When it comes to tax time, are you prepared?  Make a file folder to track the items you'll need for next years taxes.  

Here's a check list for you and your tax preparer.  Put this list on the inside cover and check-off the items as you add them to the folder.

Personal Information

• Social Security or Individual Tax ID Number
• Bank account name, routing number and account number for your refunds
• Property tax payments
• Any estimated tax payments made

Income

• W2 Forms
• State tax refunds from last year
• Social Security Benefits
• 1099 forms
• Rental Property Income
• Unemployment Income
• Pension Income
• Investment Income
• Retirement Income
• Other income like Lottery or Casino winnings

Expenses and Deductions

• Do you have any grand child care expenses
• Educational Expenses
• Medical Insurance including health care insurance and payments
• Itemized Medical Receipts
• Job and vehicle expenses related to any job you may have.
• Mortgage Interest
• Real Estate Taxes
• Retirement Plan Contributions
• Any Charitable Contributions

Other Tax Information

• Are you self employed?
• Do you have other business interests?
• Do you have any home office expenses

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