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TAX PREP
CHECKLIST
Soaring Through Your Taxes
Getting You Ready For Income Tax Time
The idea of tax season coming around can be daunting for many individuals. To make your tax season a little easier and a little less stressful, we’ve created this tax preparation checklist. Our checklist encompasses a wide variety of possible materials needed for your filing, to ensure an accurate tax report. You don’t want to miss out on any possible tax breaks or get less than expected because of missing income! If you have any questions or would like to schedule a consultation, please call us at 630-584-4555.
Personal Data
- Signed Apex CPAs engagement letter
- Completed Apex CPAs tax questionnaire
- Social Security Numbers (including spouse and children)
- Child care provider: Name, address and tax I.D. or Social Security Number
- Alimony paid: Social Security Number
Employment & Income Data
- W-2 forms for this year
- Unemployment compensation: Form 1099-G
- Miscellaneous income, including rent: Form 1099-MISC
- Partnership, S Corporation and trust income: Schedules K-1
- Pensions and annuities: Form 1099-R
- Social Security/RR1 benefits: Form RRB-1099
- Alimony received
- Jury duty pay
- Gambling and lottery winning
- Prizes and awards
- Scholarships and fellowships
- State and local income tax refunds: Form 1099-G
Homeowner / Renter Data
- Residential address(s) for this year
- Mortgage interest: Form 1098
- Sale of your home or other real estate: Form 1099-S
- Real estate taxes paid
Financial Assets
- Interest income statements: Forms 1099-INT & 1099-OID
- Dividend income statements: Form 1099-DIV
- Proceeds from broker transactions: Form 1099-B
- Retirement plan distribution: Form 1099-R
- Information related to any financial interest in any virtual currency
- Information related to any foreign bank accounts, foreign trusts, foreign financial income (NOT including income within a domestic investment account) or any other foreign financial activity or assets
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 time deposits
Expenses
- Gifts to charity (qualified written statement from charity for any single donations of $250 or more)
- Unreimbursed expenses related to volunteer work
- Child care expenses
- Medical Savings Accounts
- Adoption expenses
- Alimony paid
- Records to document medical expenses
- Records to document casualty or theft losses
- Records for any other expenditures that may be deductible
- Records for any other revenue or sales of property that may be taxable or reportable
Self-employment Data
- Auto loans and leases (account numbers and car value), if vehicle used for business
- Early withdrawal penalties on CDs and other time deposits
- Income related to Self Employment/Business (including Forms 1099-MISC and/or 1099-NEC)
- Expenses related to Self Employment/Business
Miscellaneous Tax Documents
- Federal, state & local estimated income tax paid for current year: Estimated tax vouchers, cancelled checks & other payment records
- IRA, Keogh and other retirement plan contributions: If self-employed, identify as for self or employees
EXPLORE MORE
Business
Tax
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Personal
Tax
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State &
Local Tax
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Tax Credits
& Incentives
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Cost
Segregation
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Additional
Services
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