|
It's getting closer and closer to the end of the year and if your
like me, you start sweating the tax stuff thats coming. So far we
have talked about mistakes people make on taxes and depreciating
your computer equiptment. Today I put together a list of documents
you need to get together when your ready to prepare your taxes
Income documents
W-2s
1099s
Proof of jury duty pay
Proof of alimony you received
Social Security statement (1099-SSA)
Dividend and interest statements (1099-DIV and 1099-INT)
Retirement distributions (1099-R)
Brokerage statements (1099-B), along with statements showing when
you bought and sold your investments
K-1 statements reporting profits from partnerships, trusts, and
small businesses,
Record of income and expenses for your rental property
Record of income and expenses for your self-employment
Other tax documents
Summary of moving expenses,
Summary of educational expenses (college tuition),
Summary of your child care, day care, or adult day care expenses,
IRA contributions (traditional, SEP, or rollovers)
Student loan interest paid (1098-E)
Tax deduction documents
Health care expenses (doctors, dentists, health insurance, eyecare,
medicine)
Real estate taxes
Motor vehicle registration
Mortgage interest paid (1098)
Gifts to charity
Last year's tax preparation fees
Job-related expenses (union dues, job education, uniforms)
Loss of property due to casualty or theft
Gambling losses (I had no idea!)
Of course there may be a few I left out but in general this is
what you need to gather to pretty much cover everything for the
year.
|