| |
|
| • PERSONAL DATA |
|
| Social Security Numbers
(including spouse and children) |
These are required to qualify for exemptions. |
| Your child care provider's tax I.D. or Social
Security Number |
This is critical to qualify for child care credits. |
| • EMPLOYMENT &
INCOME DATA |
|
| W-2 forms for this year |
These come from your employer. |
| Partnership and trust income |
Data for these should come from an accountant or financial institution. |
| Pensions and annuities |
Data should come from the financial institution, insurance company
selling the annuity or pension fund. |
| Social Security Railroad Retirement Benefits |
You will need Form RRB 1099 or Form RRB 1042S for non-resident
alien recipients of Railroad Retirement benefits. |
| Alimony received |
Tax information should come from your ex-spouse or his representative.
Your formr spouse will want your Social Security number to be able
to deduct any alimony payments. |
| Jury duty pay |
Data should come from the court clerk. |
| Gambling and lottery winnings |
This data should come from the casino or lottery authority. Form
W-2G. |
| Prizes and awards |
Data should come from the award givers. Form 1099-MISC. |
| Scholarships and fellowships |
Data should come from the administrators of these programs. Form
1099-MISC. |
| State and local income tax refunds |
Data should come from the taxing authorities. |
| • HOMEOWNER/RENTER
DATA |
|
| Residential address(es) for this year |
This is your responsibility. |
| Mortgage interest |
Your lender will send you this data on Form 1098. |
| Sale of your home or other real estate: Form
1099-S |
Your lender or closing agent should send you Form 1099-S. |
| Second mortgage interest paid |
Your lender will send you this data on Form 1098. |
| Real estate taxes paid |
Your county clerk or lender should send you this data. |
| Rent paid during tax year |
You need to generate this data. |
| Moving expenses |
If your expenses are reimbursed by an employer, the employer will
furnish you with data on the moving costs. |
| • FINANCIAL ASSETS |
|
| Interest income statements |
Financial institutions will provide this data on Form 1099-INT
& Form 1099-OID. |
| Divident income statements |
This will come on Form 1099-DIV from the company paying the dividends. |
| Proceeds from broker transactions |
Your brokers should furnish this data on Form 1099-B. |
| Tax refunds & unemployment compensation |
Form 1099-G. |
| Tax refunds & unemployment compensation |
The issuing agencies should send this information on Form 1099-G. |
| Miscellaneous income including rent |
This should come from whoever distributes the income on
Form 1099-MISC. |
| Retirement plan distribution |
Whoever sends out your pension checks shoud send you this data
on
Form 1099-R. |
| • FINANCIAL LIABILITIES |
|
| Auto loans and leases
including account numbers and car value -- if vehicle is used for
business. |
You can get this data from the lender or leasing company. |
| Student loan interest paid |
The lender should furnish this data on Form 1098-E. |
| Early withdrawal penalties on CDs and other
time deposits |
Financial institutions should provide this data. |
| • AUTOMOBILES |
|
| Personal property tax information |
This data should come from the taxing authoritiy. |
| • DEDUCTIBLE EXPENSES |
|
| Gifts to charity Receipts
for any single donations of $250 or more |
This should come from the charity. |
| Unreimbursed expenses for volunteer work |
You will need to keep your own records for this. |
| Unreimbursed expenses related to your job |
You will need to maintain this data. |
| Investment expenses |
Your broker will furnish some data. Travel, phone and other related
expenses are your responsibility to track. |
| Job-hunting expenses |
You will need to keep and maintain this data. |
| Education expenses |
You will need to keep this data. But ifyou qualify for Hope
or LIfetime credits or other college deductions, the college involved
will send you thedata on the qualifying expenses you've paid. |
| Child care expenses |
You will need to keep this data. |
| Medical Savings Accounts |
The institution handling the account will be able to generate
any data. |
| Adoption expenses |
You will need to track this data and be able to document these
expenses. |
| Alimony paid |
You or the authority dispersing funds will need to keep this data.
To deduct this expense, you will need the recipient's Social Security
number. |
| Tax return preparation expenses and fees |
Your prepareer can furnish this data to you. |
| • SELF EMPLOYMENT
DATA |
|
| K-1s on all partnerships |
The partnership management should generate this data. |
| Receipts or documentation for business-related
expenses |
This is data you should keep and track. |
| Farm income |
You or an accountant should track this information. You will need
to prepare Schedule F. |
| • DEDUCTION DOCUMENTS |
|
| Federal, state and local estimated tax paid
for current year, including estimated tax
vouchers, cancelled checks & other payment records. |
You must keep copies of this data and track it. |
| IRA, Keough & other retirement plan contributions |
You can get this information from your financial institutions. |
| Medical expenses |
You must track this data. |
| • CASUALTY OR THEFT
LOSSES |
|
| Other miscellaneous deductions |
You will need to file Form 4684. |
(800)
325-7871