Personal Tax
Tax season can feel overwhelming, but it doesn't have to! As your CPA, I want to make the process smooth and easy for you. Here's a quick checklist of the documents I need to prepare your tax return accurately and promptly:
Personal Information
Previous Tax Returns: Helps ensure consistency and accuracy.
Social Security Numbers: For you, your spouse, and dependents.
Birthdates: For all individuals listed on the tax return.
Picture ID: To verify your identity.
Income Documents
W-2 Forms: From your employer(s).
1099 Forms: For freelance or contract work.
Interest and Dividends: Bank statements or forms showing interest income and dividends.
Investment Gains/Losses: 1099-B forms reporting capital gains or losses from investments.
Rental Income: Records of income and related expenses if you have rental properties.
Unemployment Income: Form 1099-G if applicable.
Health Insurance
1095 Insurance Forms: Confirms your health coverage details.
Retirement Accounts
Retirement Account Contributions and Distributions: Information for IRAs, 401(k)s, etc.
Business Information (If Applicable)
Profit & Loss Statement: Clearly shows your business income and expenses.
Homeowner Information (If Applicable)
Mortgage Interest Statement (Form 1098): Details your paid mortgage interest.
Property Tax Statements: Information on property taxes paid.
Education Expenses (If Applicable)
Tuition Statements (Form 1098-T): For education-related deductions or credits.
Student Loan Interest Paid (Form 1098-E): Deductible interest on student loans.
Banking Information
Bank Account and Routing Numbers: Necessary for your tax refund direct deposit.
Having these documents ready saves time and ensures accuracy. Let's make this tax season hassle-free!
Business Tax
Preparing your business tax return doesn't have to be stressful! Here's a straightforward checklist of essential documents and information to provide your CPA, ensuring a smooth and efficient tax filing process:
Business Identification
Employer Identification Number (EIN)
Business Formation Documents (Articles of Incorporation, Partnership Agreement, LLC Operating Agreement)
Previous Year's Business Tax Return
Financial Records
Profit & Loss Statement (Income Statement)
Balance Sheet
Cash Flow Statement (if available)
Income Documentation
Gross Receipts (total income from sales and services)
1099 Forms Received (reporting income your business received)
Expense Documentation
Business Expenses (categorized list of expenses, e.g., rent, utilities, office supplies)
Payroll Records (W-2, W-3, Form 940, Form 941)
1099 Forms Issued (to contractors and freelancers)
Asset Information
Asset Purchase Details (purchase date, cost, depreciation schedule)
Asset Sale or Disposal Information
Tax Payments
Estimated Tax Payments Made During the Year (dates and amounts)
Additional Documentation
Business Mileage Records (if claiming vehicle use)
Home Office Expenses (if applicable)
Having these items organized ahead of time streamlines the tax preparation process, helping you avoid stress and maximize your deductions. Let's get ready for a smooth tax season!
