CHECKLIST FOR 2025 TAX PREPARATION
INCOME RECORDS:
- W-2 wage & tax statements
- Self-Employment Income
- Social Security statements
- Alimony received, or child support received (Needed, Date of Divorce)
- Quarterly payments and 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- (NEC) (Rent, royalties & self-employed contractors, & etc.)
- 1099-R (Pension, retirement & annuity)
- 1099-S (Sale of real estate)
- 1099-K (Payment card and third-party network transactions)
- Most recent Paystub
HEALTH INSURANCE (AFFORDABLE CARE ACT): You may have one or more.
- 1095-A (Marketplace Insurance/Obamacare)
- 5498-SA (Reports contributions to a Health Savings Account)
- 1099-SA (Reports distributions-withdrawals-from a Health Savings Account)
- Health insurance premiums paid
EXPENSE RECORDS:
- Alimony paid – (Needed, date of divorce)
- Expenses for job related moves
- Educator Expenses (Amount spent on job related expenses for educators, coaches, admin/school staff only)
- 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
- IRA, Keogh, SEP contributions
- Losses from theft or casualty (must exceed 10% of income minus insurance reimbursement)
- Medical, Dental, & Vision expenses
- 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.
- Solar, wind, or geothermal energy improvements - qualifying properties are solar electric property, solar water heaters, geothermal heat pumps, small wind turbines and fuel cell property.
- Energy efficient improvements (furnace, windows, doors, insulation, etc.)
- 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
- 1098-VLI (or interest paid for a new - not previously owned - vehicle)
- Milage (need proof, i.e. spreadsheet)
- 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.
- Proof of Dependence Residence
- For children five years of age and younger - Social Security Card and Birth Certificate
- For children over five years of age – school record, medical insurance information, anything with their name and address on it, etc.
- Social Security Card for new cliental and new children.
- Records of cost of any property sold (such as stocks, funds, bonds, etc.)
- Social Security card, birthdate, and proof of residency of all dependents (if not already on file)
- Green Card, I-10, and/or work visa for citizens from other countries but working in the United States.
*This is meant to be used as a guide. You may or may not need all items listed. Additional items may be required.