WHAT TO BRING TO DO MY TAXES

PLEASE MAKE SURE YOU HAVE ALL DOCUMENTS BELLOW (WHEN/IF APPLICABLE) BEFORE COMING FOR YOUR APPOINTMENT OR SENDING BY E-MAIL. FAILURE TO DO SO MAY CAUSE YOU TO HAVE TO AMEND YOUR TAXES. That not only will be costly (usually costs double of the regular cost you paid to prepare your taxes) but also may cost you IRS late filing penalties, increase your liability (you may owe money) and cause disarray in paperwork filled with initial tax return. It is much faster and cheaper to wait for all your documentation from your work places.

IF YOU ARE MISSING A FORM FOR A PLACE YOU WORK ONLY A FEW DAYS, BE AWARE THAT *YES*, IT DOES MAKE A DIFFERENCE. THE ABOVE WILL APPLY.

The IRS needs to know exactly who's filing and who is covered in your tax return. If this is the first time we are doing your taxes, you will need Social Security numbers and dates of birth for you, your spouse, and your dependents. The same applies if you divorced, remarried, have a newborn or will add a dependent.

You should have received a letter from the IRS formally known as " IRS Notice 6475 and 6419". If you have it, bring it.

• Income from jobs: forms W-2 for you and your spouse
• Investment income—various forms 1099 (-INT, -DIV, -B, etc.), K-1s, stock option information 
• Income from state and local income tax refunds and/or unemployment: forms 1099-G
• Taxable alimony received (Applicable to divorces finalized before January 1, 2019)
• IRA/pension distributions—forms 1099-R, 8606
• Social Security benefits—forms SSA-1099
• Income from sales of property—original cost and cost of improvements, escrow closing statement, cancelled debt information (form 1099-C)
• Prior year installment sale information—forms 6252, principal and Interest collected during the year, SSN and address of payer
• Other miscellaneous income—jury duty, gambling winnings, Medical Savings Account (MSA), scholarships, etc.
• OBAMACARE FORMS: form 1095-A (Yes, you have to report it even if there’s no more penalties for who did not have healthcare). 90% of people with IRS issues last year was for missing this form.

(received forms 1099-MISC or 1099-NEC):

• Also bring:
• Business or farming income—profit/loss statement, capital equipment information.
• If you use your home for business—home size, office size, home expenses, office expenses. 
• Rental property income/expense—profit/Loss statement, rental property suspended loss information.
• State income taxes paid.
• NOTE: Summarize all your income (That transacted through your bank and otherwise, plus a summary of expenses. A SAMPLE CAN BE FOUND HERE: https://rtglobalco.godaddysites.com/downloads  )

The following can help reduce the amount of your income that is taxed, which can increase your tax refund or lower the amount you owe.

• IRA contributions
• Energy credits
• Student loan interest
• Medical Savings Account (MSA) contributions
• Moving expenses (for tax years prior to 2019 only for federal returns but your state might still allow it)
• Self-employed health insurance payments
• Keogh, SEP, SIMPLE and other self-employed pension plans
• Alimony paid that is tax deductible (Applicable to divorces finalized before January 1, 2019)
• Educator expenses

The government offers a number of deductions and credits to help lower the tax burden on individuals, which means more money in your pocket. You'll need the following documentation to make sure you get all the deductions and credits you deserve.

• Child care costs—provider's name, address, tax id, and amount paid
• Education costs—forms 1098-T, education expenses
• Adoption costs—SSN of child, legal, medical, and transportation costs
• Home mortgage interest and points you paid—Forms 1098
• Investment interest expense
• Charitable donations—cash amounts and value of donated property, miles driven, and out-of-pocket expenses
• Casualty and theft losses—amount of damage, insurance reimbursements
• Other miscellaneous tax deductions—union dues, unreimbursed employee expenses (uniforms, supplies, seminars, continuing education, publications, travel, etc.)  (for tax years prior to 2019 only for federal returns but your state might still allow it)
• Medical and dental expenses

Properly documenting the taxes you've already paid can keep you from overpaying.

• State and local income taxes paid
• Real estate taxes paid
• Personal property taxes—vehicle license fee based on value

•  EXACT value of advance payments of the child tax credit during 2021 to date, (Only for those who apply).
•  TOTAL EXACT value per FAMILY, of payment of the third (3) economic stimulus received in 2021. (USD 1,400 for each beneficiary, and  other Economic Impact Relief Payments. 
• Estimated tax payment made during the year, prior year refund applied to current year, and any amount paid with an extension to file.
• Direct deposit information—routing and account numbers. 
• Foreign bank account information—location, name of bank, account number, peak value of account during the year.
• ANY OTHER DOCUMENT YOU FEEL IS PERTINENT