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Tax Documents


Basically bring anything that remotely looks like tax documentation from any financial institution.

What to bring on your tax prepare day?
 
Tax document need to bring for your tax interview
 
We know it's a daunting task to collect tax document during tax time or even year round if you own a business or rental house. Our advice to you is basically bring anything that remotely looks like tax documentation from any financial institution with you on you tax preparation day.

The truth is if you received any tax documentations from bank, mortgage or stock brokers etc, those information has already been reported to IRS. In your return, we need to match what have been reported to IRS.
Another truth is you suppose to have receipts or documents to support anything you report on your tax return. If for any reason, god forbids, IRS audit your return, they will ask taxpayer to supply those support documentation. Unfortunately this task has to fall on individual taxpayer to collect and provide those records. It is not your tax preparer's responsibility to provide documentations. Most of times we will just take your words. But we can help you identify which is a tax document and what need to keep and for how long.

Here is some guideline on some general tax documentations. Of course when you come for your tax preparation, we can provide more information based your own unique situations.

Personal Information

  • Name
  • Date of Birth
  • Social Security Card /ITIN /ATIN


    • You must have a valid Social Security number for every person included on the tax return. If you are not eligible for social security number, you may be able to get an ITIN. We can help you getting one.

  • Driver's License
  • Last Year's tax return


    • This is important on helping prepare your current year tax returns. If you are prior client of ours, then you are all set.

    Note that bring these for each one of your family members

Income

  • Wage Statements - Form W-2
  • Interest Income - Form 1099-INT
  • Dividend Income - Form 1099-DIV
  • State Income Tax Refund Amount - Form 1099-G
  • Alimony Paid or Received
  • Self-Employed Business/Farm Income & Expenses - Form 1099-MISC
  • Information on sales of Stocks or Bonds - Form 1099-B


    • If you received this form, please also bring documents about when and what price you paid for those securities.

  • Pension or Retirement Income - Form 1099-R
  • Income and Expenses From Rentals
  • Unemployment Income - Form 1099-G
  • Social Security Income - Form SSA-1099

Deduction/Adjustment

  • Medical Expenses
  • Real Estate or Personal Property Taxes


    • Real Estate tax can be found in Form 1098 - mortgage interest paid. Personal Property Taxes are mostly your car property tax paid to county

  • Mortgage Interest - Form 1098
  • Charitable Contributions
  • Employee Business Expenses
  • Gambling Losses
  • Moving Expenses
  • Traditional IRA Contributions
  • Higher Education Expenses - Form 1098T
  • Educator Expenses
  • Student Loan Interest - Form 1098E

Tax Credits

  • Child Care Provider/Address and Employer Identification Number (EIN) or Social Security Number (SSN)
  • Adoption Expenses
  • Retirement Savings Contributions

Other important document

  • Record of Purchase or Sale of Residence


    • Purchase – If you have purchased a home during 2008, you may be able to itemize your deductions for the year. You should have received a Form 1098 from your mortgage company at the end of the year that showed how much money you have paid this year. Bring this form and a copy of your settlement papers for the new house, including Form HUD-1, to your tax interview, so that your tax preparer can calculate your savings.

    Sale – The sale of your main residence needs to be reported only if you have a gain for which part of it is taxable. To claim the exclusion, you must have owned the home and lived in it as your main home for at least two of the last five years. You may be able to exclude up to $250,000 ($500,000 for Married Filing Joint returns) of the gain from your income. You will need to figure the basis of your property for tax purposes. If you saved your Form HUD-1 from closing, you can add the attorney's fees, surveys, agent's commissions, title searches, recording fees, and the transfer and stamp taxes to the basis. You may also add improvements you have made to the property. Bring Form HUD-1, any applicable receipts, copies of the sale documents, and copies of the original purchase documents to your tax interview.

  • Depreciation Schedule


    • If you have taken depreciation before, and you did not file your return with us before, please bring your depreciation schedule and record of when the property put into services.

  • Cost Basis


    • If you sold stock and disposed other business or personal properties, you will need provide the time and price you purchase the stock or other properties. This task has to fall onto taxpayer's shoulders

  • Check


    • Of course bring your checkbook with you. Currently we accept check or cash as payment. For you internet savvy taxpayers, I also accept Paypal as acceptable payments.

Free Tax Organizer

If above long list of documents seems overwhelming, download our easy free tax organizer here for helping you organize your tax information and make sure you don't miss any important deductions.

You will need Adobe Acrobat reader to view and print the form out. If you do not have Acrobat Reader, click on Windows(R) or Macintosh(R) to download it.