The following items will cover most tax situations for individuals and small business. To ensure correct and optized tax returns, consultation is required for tax preparation services.
General
-
REQUIRED: Copy of your ID (photo ID/driver’s license) and copy of most recent tax return filed.
-
Voided check if you choose direct deposit / refund
-
Did you have any damage in excess of insurance?
-
Did your address change within the past year?
-
Were you notified or audited by the IRS over the past year?
-
Do you own a home for any part of the year?
-
Did you buy or sell a home? (Provide closing disclosure)
-
Any change in marital status or children / dependents?
-
If you made estimated tax payments (1040-ES) during the year, please provide dates and amounts.
-
Childcare expense records (including provider’s tax ID number, if applicable)
-
Charitable contributions, (up to $300 in cash donations deductible for individuals taking standard deduction in 2020)
-
Did you receive COVID relief stimulus checks ($600 or $1200 plus dependents)?
-
Did you or a dependent attend school or have student loan interest in 2020?
Income Check List (Identify all that apply and provide documents where available)
-
Wages from job - Include W2 or 1099 MISC / NEC
-
Interest income - Include Form 1099-INT
-
Dividend income - Include Form 1099-DIV
-
Brokerage account – Include form 1099-B
-
Unemployment Income (Form 1099-G)
-
Social security - Include Form 1099-SA
-
Retirement accounts – 1099-R
-
Any accounts outside the USA? Or any Bitcoin / virtual currencies? Please state yes or no.
-
Unemployment compensation - Include 1099-G
-
Schedule K1s
-
Cash or checks received.
Business Activity
-
Were you or your spouse self-employed?
-
Was part of your home used regularly and exclusively for business?
-
Did you start, purchase, or sell a business, rental property, or farm?
-
Was an automobile purchased or used by you in the process of earning income?
-
Did you acquire or sell any interest in any partnership or S corporation?
-
Did you rent out any property for more than 14 days during the year?
-
Did you or your spouse perform any work outside of the U.S?
-
Records of all expenses — check registers or credit card statements, and receipts
-
Business-use asset information (cost, date placed in service, etc.) for depreciation.
-
Did the business take any PPP or EIDL loans for COVID?
-
Were you or your employees required to quarantine or care for self or family members due to COVID?
-
Was your self employment or other business activity impacted by COVID?
Healthcare
-
Please attach Form 1095-A, 1095-B, or 1095-C showing your coverage if applicable
-
Did you have any transactions related to a health savings account (HSA) or medical saving account (MSA)? If so, include all Forms 1099-SA and/or 5498-SA.
-
Did you pay out of pocket for health insurance premiums, prescription drugs, doctor, and dentist visits, etc.?
Retirement
-
Did you make contributions to a retirement account (401k, IRA, IRA SEP)? Please provide for 5498 if available
-
Did you receive any payments from a pension or annuity plan?