Documents needed for your tax preparation

Here's a general list of documents you might need for tax preparation

Tax preparation requires gathering various documents to ensure accurate reporting of your income, deductions, and credits. Keep in mind that tax requirements may vary based on your state and individual circumstances:

• Previous Tax Returns:

  • Copy of the previous year's tax return (If you're using our service for the first time).

• Personal Information:

  • Social Security number cards for yourself, your spouse, and dependents. (or in some cases, Individual Taxpayer Identification Number, ITIN)

  • For your dependents, we need a copy of their birth certificate, form 1095 (Health Insurance form), and School record with your filling address as their listed address on the document

• Income Documents:

  • W-2 forms for wages and salary income.

  • 1099-MISC for miscellaneous income, like freelance work or self-employment.

  • 1099-INT for interest income.

  • 1099-DIV for dividends from investments.

  • 1099-B for sales of stocks, bonds, or other securities.

  • K-1 forms for income from partnerships, S corporations, or trusts.

• Deductions and Credits:

  • Receipts and documentation for itemized deductions (if applicable), such as mortgage interest, medical expenses, and charitable contributions.

  • 1098 form for mortgage interest paid.

  • Receipts for educational expenses (1098-T for tuition payments, education-related expenses).

  • Records of any energy-efficient home improvements for possible energy credits.

  • Documentation for any other tax credits you may be eligible for.

• Healthcare Information:

  • Form 1095-A, 1095-B, or 1095-C, provides information about health insurance coverage.

• Retirement Savings:

  • Forms related to retirement account contributions (e.g., Form 5498 for IRA contributions).

• Real Estate Transactions:

  • Closing statements for any real estate bought or sold during the tax year.

• Business Income and Expenses:

  • Business income and expense records for self-employed individuals.

  • Receipts for business-related expenses.

• State and Local Taxes:

  • Documentation related to state and local income taxes paid.

  • Property tax records.

• Miscellaneous Documents:

  • Social Security statements.

  • Unemployment income statements.

  • Gambling winnings and losses documentation.

It's important to note that tax laws can change, and specific requirements may vary based on your unique situation. Consult with us via phone call or text if you feel your situation is unique to help ensure that you don't miss any necessary documents and that you take advantage of all eligible deductions and credits.