Broker Check

CHECKLIST FOR 2017 TAX PREPARATION

INCOME RECORDS:

  • W-2 wage & tax statements
  • Self-Employment Income
  • Social Security statements
  • Alimony received or child support received
  • QUARTER PAYMENTS PAID & THE DATE PAID
  • Any income received even if tax exempt or other household income and/or gifts
  • 1099-B (Sale of securities) – purchase dates, costs and selling price with date/price
  • 1099-INT (Interest)
  • 1099-DIV (Dividends)
  • 1099-C (Cancellation of debt)
  • 1099-G (Income from tax refunds, unemployment & lottery winning)
  • 1099-Misc (Rent, royalties & self-employed contractors & etc.)
  • 1099-R (Pension, retirement & annuity)
  • 1099-S (Sale of real estate)

HEALTH INSURANCE (AFFORDABLE CARE ACT):

  • Form 1095-A (Health Insurance Marketplace Statement)
  • Form 1095-B (Health coverage)
  • Form 1095-C (Large employer provided insurance)

EXPENSE RECORDS:

  • Alimony paid
  • Business expenses not reimbursed
  • Expenses for job related moves
  • Charitable contributions (must have receipts & documentation)
  • Child & dependent care expenses (caregivers name, address, ID number and amount paid
  • Gambling losses (only if there is gambling income)
  • Home heating costs for residence
  • Investment expenses
  • IRA, Keogh, SEP contributions
  • Losses form theft or casualty (must exceed 10% of income minus insurance reimbursement)
  • Medical, Dental & Vision expenses
  • Health insurance premiums paid
  • 1098 - Mortgage interest paid, land contract interest or home equity loans
  • Real estate taxes paid & billed. Also taxable value (important to bring copy of property tax bill) – or receipt for both summer and winter taxes. Taxable value of home.
  • Energy efficient purchases paid
  • Penalties for early withdrawal of savings accounts
  • Land contract interest paid (name, address & ID number who paid to)
  • State or city taxes paid
  • 1098-E (Student loan interest paid)
  • 1098-T (Tuition, number of years attended, fee expenses from qualified colleges)
  • License plate & tab fees
  • Rental property information. Expenses, complete addresses and zip codes.

OTHER INFORMATION NEEDED:

  • Copy of last year’s tax return if we did not prepare it.
  • Records of cost of any property sold (such as stocks, funds, bonds, etc.)
  • Social Security card, birth-date, and proof of residency of all dependents (if not already on file)

*This is meant to be used as a guide. You may or may not need all items listed. Additional items may be required.