What To Bring For Your Tax Appointment
Getting organized to prepare for your tax appointment can save you a ton of time, and is well worth the effort.
If it’s just after tax season, this list will help you know what documents to keep an eye out for throughout the year and set aside. If your tax appointment is right around the corner, this list is a great resource to help you track down the right documents.
With all of the changes every year (and, of course, that’s especially true THIS year), filing your taxes on your own is not for the faint of heart. That’s even with nice-looking softwares on the market which purport to make it easy for you.
But that’s what we’re here for.
Let us be your easy button in Jackson Heights.
Filing your taxes on your own is not for the faint of heart. That’s even with nice-looking softwares on the market which purport to make it easy for you.
But that’s what we’re here for. Let *us* make it easy for you.
Below is a list of what you will need during the tax preparation process. Not all of them will apply to you — probably MOST will not. Nonetheless, it’s a useful checklist.
Before you get overwhelmed: yes, this is a long list — but it’s the unfortunate reality of our tax code that it’s not even comprehensive! But these items will cover 95% of our clients. Really, this is for ensuring that we’re able to help you keep every dollar you can keep under our tax code.
Also note: Certain deductions went away this year, that we’re used to handling on behalf of our clients. And some that you might be used to as well. This list has changed a little, and I’ve notated additional changes coming down the pike.
But again … we will be your guide. That’s what we’re here for.
Even if for some strange reason you won’t be using our cost-effective services this year, feel free to use this list as a handy guide…
Tax Preparation Checklist
- Social Security Numbers & DOB (including spouse and children)
- Child care provider tax I.D. / SSN and address
Employment & Income Data
- W-2 forms for this year
- Tax refunds and unemployment compensation: Form 1099-G
- Miscellaneous income including rent: Form 1099-MISC
- Partnership, trust, and S-Corporation income: Form K-1
- Pensions, annuities, retirement or profit sharing plans, IRAs, etc.: Form 1099-R
- Alimony received (including payer’s SSN) if divorce finalized prior to 1/1/2019
- Jury duty pay
- Gambling and lottery winnings: Form W-2G
- Prizes and awards
- Scholarships and fellowships
- Social Security income: Form SSA-1099
- Transfer of stock options exercised: Form 3922
- Amount of CARES Act payment received (1st stimulus paid April/May 2020: $1,200 per adult, $500 per child)
- Amount of CAA payment received (2nd stimulus paid January 2021: $600 per adult & child)
Health Insurance Information
- All 1095-A Forms from marketplace providers (if you purchased insurance through a Marketplace)
- Records of credits and/or advance payments received from the Premium Tax Credit (if claiming)
- Residential address(es) for this year
- Mortgage interest: Form 1098
- Sale of your home or other real estate: Form 1099-S Second mortgage interest paid
- Real estate taxes paid
- Rent paid during tax year
- Settlement statement for any real estate purchased or sold during the year
- Interest income statements: Form 1099-INT & 1099-OID
- Dividend income statements: Form 1099-DIV
- Proceeds from broker transactions: Form 1099-B
- Retirement plan distribution: Form 1099-R
- Capital gains or losses
- Auto loans and leases (account numbers and car value) if vehicle used for business
- Student loan interest paid: Form 1098-E
- Early withdrawal penalties on CDs and other fixed time deposits
- Personal property tax information
- Department of Motor Vehicles fees (only if including sales or property tax)
- Sales tax on purchase
- Gifts to charity (receipts for any single donations of $250 or more, and non-cash donations of $500 or more)
- Unreimbursed expenses and mileage related to volunteer work
- Education expenses (tuition and fees)
- Child care expenses
- Medical Savings Accounts and Health Savings accounts: Form 1099-SA
- Adoption expenses
- Alimony paid (including payee’s SSN) if divorce finalized prior to 1/1/2019
- Estimated tax vouchers for the current year
- Self-employment income
- Self-employment SEP plans, Simple IRA
- Self-employed health insurance (do not include COBRA) K-1s on all partnerships
- Receipts or documentation for business-related expenses Farm income and expenses
- Rent income and expenses
- Number of days you were unable to work due to COVID-19 or due to symptoms of COVID-19, including time while waiting for test results (do not include days reimbursed by an employer)
- Number of days you were unable to work due to caring for a family member who was quarantined due to COVID-19 or caring for a child due to the closure of a childcare facility / school
- State and local income taxes
- IRA, Keogh and other retirement plan contributions
- Medical expenses
- Casualty or theft losses
- Other miscellaneous deductions
- Educator expenses
- Energy improvements
- Education expenses (tuition and fees): Form 1098-T
- Adoption expenses
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Eakub A. Khan, CPA has been my trusted financial advisor for over seven years. His experience and knowledge about my industry is impeccable. Eakub has managed my medical practice’s financial and compliance needs exceptionally. As a medical doctor, I am preoccupied with running my practice. It’s difficult for me to understand and absorb information regarding the regulatory environment of my industry. Without Eakub’s knowledge and expertise, it would be difficult for me to focus on my practice, I would have to set aside extra time to understand and comply with the regulations. His assistance has enabled me to utilize a majority of my time to the skills that I possess and devout more time to my expertise. Eakub is constantly available to answers my questions and guides me to improve my business. Knowing that I have Eakub as my CPA, I feel confident and satisfied as a client.Trusted financial advisor
I have known CPA Eakub A. Khan for many years in a professional and personal manner. His work ethic and demeanor towards me and my referrals resonates positively. Eakub’s knowledge of my various business’s which are spread out in the wholesale and retail industry is amazing. His simple approach helps me understand and manage my business efficiently. Eakub’s communication with me is flawless. Every time, I reach out to him with any problems, he responds with assuring resolutions. With many of my businesses, I need a person like him than can make me feel confident and assured with my management and operating actions. My partners and friends share the same feeling towards him as I have described. Eakub’s advice over the years has saved me from many stressful situations. His adherence to detail and ability to understand my issues has enabled me to concentrate on operating my many business without any sort of worry. Without Eakub on my side, I strongly feel that I would not have been successful with my businesses. His extraordinary service and commitments to clients like me deserves an A++ rating. -Amazing, Flawless