Dealing with taxes is not fun but we do try to make it painless!
Not sure what to bring to your next tax appointment?
Personal Information:
- Prior year tax return(s)
- Driver’s license
- Date of birth and social security cards for all dependents
Health Care – Form 1095-A, B or C to show proof of health insurance coverage for self and all dependents
- * if an HSA distribution was taken – medical receipts for usage
- * proof of premiums paid, if not through employer
Income –
- W-2, 1099, 1098 and K-1 statements
(if you received Unemployment Income, you must log on to get your 1099-G
https://applications.labor.ny.gov/IndividualReg/ )
- Self employed – gross income received and expenses listed by category (we can provide a template)
(if use your home as an office, bring utility expenses, home improvements, direct office repairs, etc)
- Rental Property- gross rent received and expenses listed by category (we can provide a template)
(if a new property, bring closing papers/ purchase information)
- Gambling winnings – statements of wins and losses
- Investments – Brokerage statements, purchase date and price for any sales and any related expenses
(cost basis information is not always provided on tax statements and is not always correct)
Deductions-
- Home ownership – Mortgage interest statement and Real Estate taxes paid
- Estimated tax payments made
- Sales tax paid on big items (i.e. a new vehicle)
- Charity – records of cash and non-cash donations to religious organizations or other charities
- Unreimbursed job expenses – travel, cell phone, tools, uniform cost/clean, trade journals, continuing education/seminars, professional fees, meals & entertainment, job search, business use of home expenses
Childcare – Provider’s name, address, EIN and amount paid for the calendar year
Retirement – records of any IRA or other retirement contributions made
Education related expenses – Tuition and higher education expenses (Form 1098-T)
NY College 529 contributions
Residential Energy Credit – Qualifying properties are solar electric property, solar water heaters, geothermal heat pumps, small wind turbines, fuel cell property, and qualified biomass fuel property expenditures