If you are a new client, please bring the following:
- Original Social Security cards for yourself, your spouse, and your dependents
- Copy of last year’s tax return
- Voided check or other note with the financial account and routing numbers, if you want to use direct debit or deposit for tax payment or refund
- For both new and returning clients, bring:
- W-2s for wages, 1099s for interest, dividends, retirement distributions,unemployment, state income tax refunds, etc.
- Tip income records
- Records of gambling profits and losses
- Cash income received record, such as from odd jobs and tips
- Alimony received
- Capital gains and losses records, such as brokerage account annual statements
- Form K-1s from any estates, partnerships or S-corporations. These usually are not sent out until March.
- Amount of IRA contributions
- Amounts paid for child care and to whom (name, address, SSN or EIN)
- Tuition and other education expenses paid for yourself, spouse, and/or dependents
- Student loan interest paid
- Record of any estimated taxes paid to IRS or a state
- Property tax receipts
- Form 1098 (or other) reporting home mortgage interest
- Receipts or record of medical, drug, and dental unreimbursed expenses, including medical insurance or long term care insurance premiums
- Itemized record of charitable gifts. Any over $250 must include a signed receipt from the charity.
- Any records related to starting or operating your own business, including rental property
Are you self employed?
If you are self employed you’re record keeping requires a bit more finesse. You need proof of every deduction you claim. NO RECEIPT = NO DEDUCTION. I always advise my clients to total up all of their receipts for business into separate categories such as supplies, advertising, repairs, etc. Then bring in the totals. This saves a ton of time for everyone and I guarantee will make your preparer very happy.