Tax Tip

HomeTax Tip

Preparing for tax day

Use these tips to help you prepare for your appointment

What should you do to prepare for your appointment?

Required documents to keep on file

Copies of Drivers License or State IDs

Social Security Cards

Proof of Residence for dependents claiming EIC

Other tax documents

IRA contributions

Student loan interest

Medical Savings Account (MSA) contributions

Self-employed health insurance payments

Keogh, SEP, SIMPLE and other self-employed pension plans

Alimony paid that is tax deductible

Educator expenses

State and local income taxes paid

Real estate taxes paid

Personal property taxes—vehicle license fee based on value

Estimated tax payment made during the year, prior year refund applied to current year, and any amount paid with an extension to file.

Direct deposit information—routing and account numbers

Foreign bank account information—location, name of bank, account number, peak value of account during the year

Income documents

Income from jobs: forms W-2 for you and your spouse

Investment income—various forms 1099 (-INT, -DIV, -B, etc.), K-1s, stock option information

Income from state and local income tax refunds and/or unemployment: forms 1099-G

Taxable alimony received

Business or farming income—profit/loss statement, capital equipment information

If you use your home for business—home size, office size, home expenses, office expenses

IRA/pension distributions—forms 1099-R, 8606

Rental property income/expense—profit/loss statement, rental property suspended loss information

Social Security benefits—forms SSA-1099

Income from sales of property—original cost and cost of improvements, escrow closing statement, cancelled debt information (form 1099-C)

Prior year installment sale information—forms 6252, principal and interest collected during the year, SSN and address of payer

Other miscellaneous income—jury duty, gambling winnings, Medical Savings Account (MSA), scholarships, etc.

Tax deduction documents

Child care costs—provider’s name, address, tax ID, and amount paid

Education costs—forms 1098-T, education expenses

Adoption costs—SSN of child, legal, medical, and transportation costs

Home mortgage interest and points you paid—Forms 1098

Investment interest expense

Charitable donations—cash amounts and value of donated property, miles driven, and out-of-pocket expenses

Casualty and theft losses—amount of damage, insurance reimbursements

Medical and dental expenses

(Use our handy IRS document search tool for your documents)

How can I check on my tax refunds? Tax Related Web-sites/phone numbers: IRS www.irs.gov IRS Get Refund Status IRS Inquiry Phone: (800) 829-1040

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