Documents Needed for Tax Preparation

 

Personal Information

• Social Security or Tax ID numbers and birthdates for all family members

• Bank account and routing number (voided check) for direct deposit refunds

• Previous two years of tax returns (if available)

 

Income Documents

• W-2 and 1099 forms (NEC, Misc, B, C, G, S, K, R, INT, DIV)

• Interest and dividend income from savings or investments

• Stock sale income

• Trust income

• Alimony received

• State tax refund notice from the previous year

• Rental income

• Scholarship income

 

Expense Documents

• Mortgage interest statement

• Property tax records

• Childcare expenses (provider’s name, address, TIN/SSN)

• Medical expenses (dentists, doctors, prescriptions, mileage not covered by insurance)

• Charitable donations and related expenses/mileage

• Education expenses

• Student loan interest records

• Alimony paid

• Receipts for energy-saving home improvements

• Rental property expenses and depreciation details

• Property loss records

• Estimated tax payments made

 

For Businesses & Rental Properties

• All income and expense records

• Summary of all allowable business expenses

• Mortgage interest statement

• Business insurance (building, liability, etc.)

• Property tax records

• Home office details

• Business asset depreciation information

• Equipment purchases (type, date, and cost)

• Payroll data

• Business vehicle details (mileage, year/make, expenses)