Showing posts with label finance. Show all posts
Showing posts with label finance. Show all posts

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


  • 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