01/05/2021
Tax Preparation Checklist
PERSONAL INFORMATION
--Your social security number, ITIN, TIN
-- Your spouse’s full name, social security number or tax ID number, and date of birth
--Information about your stimulus payment — the amount you received
--Unexpired Government ID (mandatory for tax advance and refund transfer)
--Identity Protection PIN, if one has been issued to you, your spouse, or your dependent by the IRS
--Current address, phone number, and email
DEPENDENT INFORMATION
--Dates of birth and social security numbers or tax ID numbers
--Childcare records (including the provider's tax ID number) if applicable
--Income of dependents and of other adults in your home
--Nonbiological Dependents: Documents proving residency and relationship of dependents
--1098T for college students
--Disability statement for disabled dependents
INCOME
-- Employed: Forms W-2
--Unemployed Unemployment (1099-G)
--Self-Employed Forms 1099, Schedules K-1, income records to verify amounts not reported on 1099-MISC or new 1099-NEC, AND RECORDS OF EXPENSES/HOME OFFICE/ASSETS & Any estimated taxes paid form 1040ES
--Rental Income: Records of income and expenses Rental asset information (cost, date placed in service, etc.) for depreciation Record of estimated tax payments made (Form 1040–ES)
--Retirement Income
-Pension/IRA/annuity income (1099-R)
-Traditional IRA basis (i.e., amounts you contributed to the IRA that were already taxed)
-Social security/RRB income (SSA-1099, RRB-1099)
--Savings & Investments or Dividends
-Interest, dividend income (1099-INT, 1099-OID, 1099-DIV) --Income from sales of stock or other property (1099-B, 1099-S)
- Health Savings Account and long-term care reimbursements (1099-SA or 1099-LTC)
-Expenses related to your investments
-Record of estimated tax payments made (Form 1040–ES)
--Transactions involving cryptocurrency (Virtual currency)
--Gambling income (W-2G or records showing income, as well as expense records)
DEDUCTIONS
--Home Ownership
-Forms 1098 or other mortgage interest statements
-Real estate and personal property tax records
-Receipts for energy-saving home improvements (e.g., solar panels, solar water heater) All other 1098 series forms
--Charitable Donations
-Cash amounts donated to houses of worship, schools, other charitable organizations
-Records of non-cash charitable donations
-Amounts of miles driven for charitable or medical purposes
--Medical Expenses .
-Amounts paid for healthcare, insurance, and to doctors, dentists, and hospitals
--Health Insurance Form 1095-A if you enrolled in an insurance plan through the Marketplace (Exchange)
--Childcare Expenses
-Fees paid to a licensed day care center or family day care for care of an infant or preschooler
-Amounts paid to a baby-sitter or provider care of your child under age 13 while you work
-Expenses paid through a dependent care flexible spending account at work
--Educational Expenses
-Forms 1098-T from educational institutions
-Receipts that itemize qualified educational expenses
-Records of any scholarships or fellowships you received
-Form 1098-E if you paid student loan interest
--K-12 Educator Expenses Receipts for classroom expenses (for educators in grades K-12)
--State & Local Taxes Amount of state and local income or sales tax paid (other than wage withholding) Invoice showing amount of vehicle sales tax paid and / or personal property tax on vehicles
--Retirement & Other Savings Form 5498-SA showing HSA contributions Form 5498 showing IRA contributions All other 5498 series forms (5498-QA, 5498-ESA)
--Federally Declared Disaster
-City/county you lived/worked/had property in
-Records to support property losses (appraisal, clean-up costs, etc.)
-Records of rebuilding/repair costs Insurance reimbursements/claims to be paid FEMA assistance information
