Income Tax Prep Checklist

Documentation to prepare personal income tax returns.

Proof of Income

• Wages earned (W-2 documents)

• Independent contractor wages earned

• Investments (including dividends)

• Credit Union and bank interest earned

• Unemployment

• Rental income

• Trusts

• Prizes

• Social security

• Retirement benefits

• Sale of real estate

• Income from hobbies

• Alimony

• Gambling winnings

• Debt that has been forgiven

Proof of Expenses

• Self-employment expenses, such as mileage and equipment

• Medical expenses (over 10% of your adjusted gross income)

• Documentation of any investments you sold during the year

• Tuition payments: Form 1098-T is sent for qualified tuition expenses

• World-related education expenses

• IRA contributions

• The cost of last year's tax preparation

• Union dues

• Un-reimbursed employee business expenses (client meals, travel, etc.)

• Student loan interest: If you paid $600 or more in student loan interest, you should receive a 1098-E from the lender

• Charitable contributions: This includes non-cash donations, such as donated food, clothes, and household goods. Any vehicles or boats donated to a charity would receive a 1098-C

Need Help With Your Income Taxes?

For help with your tax planning and income tax preparation, give our team of Certified Public Accountants a call at 985-727-9924.