Tax Preparation Checklist

INCOME

LAST YEAR’S tax return not prepared in our office – Federal, State and Local
W-2’s
1099’s for Interest and Dividends
1099 B’s or year end investment statements
Stock/Bond transaction information if not included on year end 1099B
Information about any refunds from the State or Local government regarding overpayment of prior year taxes
IRA, Pension or retirement distribution information – may be on a 1099R
IRA Rollover/conversion information
Social Security receipt information
Unemployment receipt information
Stock option information for ISO, RSU or ESPP. The more info you can provide the better

HSA contribution/withdrawal information and year end account balance
Moving expense information if you relocated for employment and all expenses were not reimbursed by employer
Student Loan interest this may be on a 1098
Education cost information – tuition, books, fees – this may be reported on a 1098. Proof of payment of tuition also required. Please attach CC statement, cancelled check or payment receipt

Medical costs – only required if significant. Must meet minimum of 7.5% of your
Tax payments to State or Local governments – may include income, per capita, LST, or estimated payments made for during the year to any state, city or municipality
Real Estate Taxes
Mortgage
Equity Line Mortgage Interest. TCJA requires that the use of the funds be detailed and only interest related to funds used to buy, build or substantially improve a personal residence can be deducted. Please provide a history of the use of your home equity line if you want this
Mortgage insurance
Charitable Contributions – cash and non cash. Summarized by charity

(This applies if you received any 1099-NEC forms or worked as a subcontractor)
Best prepared on QuickBooks. Please print a CASH BASIS Balance Sheet and Profit and Loss Comparative so it shows current and prior year information. If you do not use an accounting software please request a Sch. C for you to complete.
Income, Revenue, Sales
Cost of goods sold – This is the amount you paid for what you resold
Advertising
Car and Truck Expenses (I can send you another worksheet that details out the information I need)
Subcontractor costs
Insurance
Health Insurance – please have this amount separate
Interest – if any for large loans on equipment or working capital
Legal and Professional Fees
Office Expenses
Rent
Repairs and Maintenance
Supplies
Taxes and Licenses
Travel – out of town – hotels, rental cars, airlines
Utilities
Telephone
Internet, if separate
Payroll – This should tie into your 941 reports
Payroll Taxes
Workers Comp Insurance
Bank Service charges, Merchant Fees, Credit Card Processing Fees
Dues and Subscriptions, Membership fees to professional organizations
Continuing Education
Postage and Delivery
Meals
Entertainment
Computer Expenses
Tools
Uniforms
Capital improvement or new fixed asset acquisition information
Depreciation schedules if you are a new client
Settlement statements for all real estate