Items Need to Get Started
Personal
- Your Social Security number or tax ID number
- Your spouse’s full name and Social Security number or tax ID number
- Your unexpired government issued ID
- Your spouse’s unexpired government issued ID
Dependent(s)
- Dates of birth and Social Security numbers or other tax ID numbers
- Childcare records (including the provider’s tax ID number) if applicable.
- Form 8332 when the child’s custodial parent is releasing their right to claim a child to the noncustodial parent (if applicable)
Income
- Employed
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- Forms W-2
- Unemployed
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- Unemployment (1099-G)
- Self-Employed
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- Forms 1099-NEC and 1099-K
- Income records to verify amounts not reported on 1099s
- Records of all expenses – check registers or credit card statements, and receipts
- Business-use asset information (cost, date placed in service, etc.) for depreciation.
- Home office information, if applicable
- Record of estimated tax payments made (Form 1040ES)
- Rental Income
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- Records of income and expenses
- Rental asset information (cost, date placed in service, etc.) for depreciation.
- Record of estimated tax payments made (Form 1040ES)
Small Business /Schedule C
- Home Office (need to know sq ft.)
- Utilities- Electric, Gas, Internet, Water bill, Cell phone
- Health Insurance Premiums
- Meals
- Internet and Phone Bills
- Travel
- Vehicle Use
- Interest
- Publications and Subscriptions
- Attorney fees, and accountant fees
- Business Insurance
- Supplies
- Contract labor
- Education
- Advertising
- Client Meals
- Conferences/Trade shows
- Repairs
- Licenses
- Contributions to Retirement account
- Equipment Rental
- Car Insurance
- Oil changes
- Gas
- Office Expenses
- Professional Fees
- Membership dues
- Any expenses incurred to make a profit
MISCELLANEOUS
- IRS issued IP PIN. Identity Protection Pin. If you, your spouse or a dependent have been issued an identity protection PIN by this IRS, you’ll likely need to have this handy as well.
- Direct deposit information—routing and account numbers
- Retirement Income
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- Pension/IRA/annuity income (1099-R)
- Traditional IRA basis (prior-year Forms 8606 showing amounts already taxed)
- Social Security/RRB income (SSA-1099, RRB-1099)
- Savings & Investments or Dividends
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- Interest, dividend income (1099-INT, 1099-OID, 1099-DIV)
- Income from sales of stock or other property (1099-B, 1099-S)
- Dates of acquisition and records of your cost or other basis in property you sold (if basis is not reported on 1099-B)
- Expenses related to your investments.
- Record of estimated tax payments made (Form 1040ES)
- 1099-B and/or 1099-DIV from cryptocurrencies, NFTs and all other similar type income or loss
- Cost of all cryptocurrencies, NFTs and other similar type of income sales
- Other Income & Losses
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- State refunds (Form 1099-G)
- Income from K-1s either as investment or as active owner
- Gambling income (W-2G or records showing income, as well as expense records)
- Jury duty records
- Hobby income and expenses
- Prizes and awards
- Trusts
- Royalties (1099-MISC)
- Any other 1099s received i.e 1099-C Cancellation of Debt
- Health Savings Account and long-term care reimbursements (1099-SA or 1099-LTC) Deductions
- Home Ownership
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- Form 1098 or other mortgage interest statements
- Real estate and personal property tax records
- The Sales of a home 1099-S
- Charitable Donations
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- Cash amounts donated to religious organizations, schools, other charitable organizations.
- Records of non-cash charitable donations
- Amounts of miles driven for charitable purposes
- Medical Expenses
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- Amounts paid for healthcare insurance and to doctors, dentists, hospitals.
- Miles driven for medical purposes.
- Travel expenses for medical, including hotels, planes, tolls, parking, etc
- Health Insurance
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- Form 1095-A if you have health insurance through a State Marketplace (Exchange)
- Childcare Expenses
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- Daycare paid for a child under age 13
- Wages paid to a babysitter.
- Educational Expenses
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- Forms 1098-T from educational institutions
- Receipts for qualified educational expenses
- Records of scholarships or fellowships
- Form 1098-E for student loan interest
- State & Local Taxes or Sales Tax
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- Amount of state/local income tax paid (other than wage withholding), or amount of state and local sales tax paid
- Invoice for large item purchases such as cars, boats, motorcycles etc.
- Amount of real estate taxes paid.
- Amount of personal property taxes paid.
- Retirement & Other Savings
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- Form 5498-SA showing HSA contributions.
- Form 5498 showing IRA contributions.
- All other 5498 series forms (5498-QA, 5498-ESA)
- Other Credits
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- Residential Energy Credits – Solar, energy saving windows, furnace etc.
- Hybrid/Electric Vehicle Purchase