“Real World” Personal Strategy Blog

Just Under One Month Left…

“Happiness depends more on how life strikes you than on what happens.”

– Andy Rooney

Well, we’re nearing the home stretch in tax season. Since the deadline for individuals (April 15th) is just under a month out, we’ve been “packing them in” around here!

I’ll tell you what…one of the main reasons we love tax season around here is that we get to sit down with such incredible people. I’ve truly been reminded of how grateful I am for the clients we’ve got this year–and for your trust in us during these “unusual” times.

We’re getting notes around here more and more often as people pass around to their friends the Strategy Notes I email (to those who sign up for them; you can do so here on our site)–people seem to hunger for reality-based hope. I’m glad to be able to say that there *is* reason for anticipating a recovery in our future (I wrote about it last week)…but whatever comes, my staff and I will be here to walk you through the storms.

So, for this week’s Note, I’m re-addressing a question we get a LOT this time of year–“what do I need to bring you for my taxes?” Just in case…

“Real World” Personal Strategy

My Checklist, Revisited

Even if for some strange reason you won’t be using our cost-effective services this year, and because we’re getting so close to April 15th…here is what you’ll need to prepare your taxes.

Personal Data
Social Security Numbers (including spouse and children)
Child care provider tax I.D. or Social Security Number

Employment & Income Data
W-2 forms for this year
Tax refunds and unemployment compensation: Form 1099-G
Miscellaneous income including rent: Form 1099-MISC
Partnership and trust income
Pensions and annuities
Alimony received
Jury duty pay
Gambling and lottery winnings
Prizes and awards
Scholarships and fellowships
State and local income tax refunds
Unemployment compensation

Homeowner/Renter Data
Residential address(es) for this year
Mortgage interest: Form 1098
Sale of your home or other real estate: Form 1099-S
Second mortgage interest paid
Real estate taxes paid
Rent paid during tax year
Moving expenses
 
Financial Assets
Interest income statements: Form 1099-INT & 1099-OID
Dividend income statements: Form 1099-DIV
Proceeds from broker transactions: Form 1099-B
Retirement plan distribution: Form 1099-R
Capital gains or losses
 
Financial Liabilities
Auto loans and leases  (account numbers and car value) if vehicle used for business
Student loan interest paid
Early withdrawal penalties on CDs and other fixed time deposits
 
Automobiles
Personal property tax information
Department of Motor Vehicles fees
 
Expenses
Gifts to charity (receipts for any single donations of $250 or more)
Unreimbursed expenses related to volunteer work
Unreimbursed expenses related to your job (travel expenses, entertainment, uniforms, union dues, subscriptions)
Investment expenses
Job-hunting expenses
Education expenses (tuition and fees)
Child care expenses
Medical Savings Accounts
Adoption expenses
Alimony paid
Tax return preparation expenses and fees
 
Self-Employment Data
Estimated tax vouchers for the current year
Self-employment tax
Self-employment SEP plans
Self-employed health insurance
K-1s on all partnerships
Receipts or documentation for business-related expenses
Farm income
 
Deduction Documents
State and local income taxes
IRA, Keogh and other retirement plan contributions
Medical expenses
Casualty or theft losses
Other miscellaneous deductions

To more of your money in your wallet!
 

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