Getting Ready to File Your Tax Return

by | Oct 4, 2023 | Tax Tip | 0 comments

Taxpayers should ensure that they have and produce all their required tax documents when filing their tax return.

Checklist to Consider for Your Tax Filing

Personal information

  • Last year income tax return if you are a new client   
  • Name, address, Social Security Number and Date of Birth for yourself, spouse and dependents
  • PIN Number from the IRS of any individual in the return who was previously a victim of identity theft
  • Dependent Provider, Name, Address, Tax ID or Social Security Number
  • Banking information if Direct Deposit Requested
  • Copy of Social Security Card of individuals in the tax return
  • Copy of driver license of taxpayers
  • Birth certificates for children or other documents that show taxpayers are eligible to claim the dependent

Income Data Required

  • Wages and/or Unemployment (W2s, K1s, others)
  • Interest and/or Dividend Income
  • State/Local income tax refund
  • Social Assistance Income
  • Pension/Annuity/Stock or Bond Sales
  • Contract/Partnership/Trust/Estate Income
  • Gambling/Lottery Winnings and Losses/Prizes/Bonus
  • Rental Income
  • Self Employment/Tips
  • Foreign Income

Expense Data Required

  • Dependent Care Costs
  • Education/Tuition Costs/Materials Purchased
  • Medical/Dental
  • Mortgage/Home Equity Loan Interest/Mortgage Insurance
  • Gambling/Lottery Expenses
  • Real Estate Taxes
  • Estimated Tax Payments to Federal and State Government and Dates Paid
  • Home Property Taxes
  • Charitable Contributions Cash/Non-Cash
  • Purchase qualifying for Residential Energy Credit
  • IRA Contributions/Retirement Contributions
  • Home Purchase and Sale
  • Moving Expenses for military members

The above list is not exhaustive. Ensure that you produce all your tax documents when filing your tax return. Do not assume that a certain tax document is not relevant or not needed to be produced. Remember that the Internal Revenue Service also received all your tax documents.

  Hiring a tax resolution expert is the best action a taxpayer could take in a tax matter before the IRS or a state tax authority. 

We offer FREE initial consultation!!!

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