1. Prior year’s tax return
This is generally only needed if you are a new client. If so, bring your tax returns from the previous three years.
2. Personal and Dependent identification information
Bring social security numbers, ITINs, and dates of birth., driver’s license or state issued ID
3. Wage and Earning Statements
If you made money from it last year, you need to bring in a record of the income. This includes:
- Form W-2, W-2G, and 1099-R, from all employers and payers.
- Self-employed business income and expenses (Forms 1099-MISC and 1099K).
- Records of job-related educational expenses and unreimbursed employment related expenses.
- Interest and dividend statements.
- Social Security, State Income Tax refund and Unemployment Compensation forms
- Information on Broker and Barter Exchange Transactions.
- Records of lottery or gambling winnings and losses.
- Record of rental income and expenses.
- Healthcare reimbursements
- Jury duty records
- Hobby income and expenses
- Prizes and awards
- Alimony received
4. Expense Records
Gather records for the following types of expenses.
- Mortgage Interest Statement – Form 1098 (including home equity loans); and records of the purchase or sale of your residence.
- Records of real estate and personal property taxes paid.
- Records of state or local taxes paid (including sales tax for large purchases such as autos, boats, building products).
- Records of medical, eye care and dental expenses and mileage.
- Receipts for cash and non-cash charitable contributions.
- Mileage records and expenses incurred conducting volunteer work for charitable organizations (Example: Driving the church youth group to an event.)
- Tuition and Education Fees paid and Student Loan Interest paid
- Records of moving expenses paid and any casualty or theft losses.
- Total amount paid for a day care provider and the daycare provider’s tax identifying number – the provider’s Social Security Number or Employer Identification Number.
- Alimony payments
- Records of any qualified energy efficient home improvements purchases
- Records of federal and state estimated taxes and foreign taxes paid.
- Job hunting expenses
5. Health Insurance Documents
- Health Insurance Marketplace Statement (Form 1095-A).
- Health Coverage Statements from your Insurer or Employer (Form 1095-B/1095-C).
6. IRA Information
- Amount contributed for 2016
- Traditional IRA basis
- Value of IRAs as of December 31 2016
7. Business Expense Receipts
- Meals and Lodging expenses
- Travel expenses
- Records of educator expenses paid
- Parking and tolls amounts
- Office in home information
8. Bank Information
For those wanting direct deposit, please bring a voided check from your checking account or if using your savings account bring the account and routing numbers.
9. If Your Were Affected by a Disaster
There are deductions that are applicable if you were affected by a federally declared disaster.
- Records of property loss
- Records of building/repair costs
- Insurance reimbursement/claims to be paid
- FEMA assistance information
10. Business Use of Home Information
If you use a part of your home for your business, bring the following:
- Square footage calculation of the area used for business
- The date you began using the space for business
- Original purchase price paid for the property
- Summary of your utility expenses (gas, electric, oil, condo fees, landscaping, snowplowing, maintenance, etc)
- Major home improvements and direct office expenses (repairs, business phone, etc).