LivingstonCPA - Individual and Small Business Taxation - Small Business Accounting

Tax Checklist for Individuals

Use this list as a guide in gathering information to be used in preparation of your individual tax return(s). Please provide any additional information related to income and expenses that may be required for your tax return.

  • A copy of last year's Federal and State (if applicable) tax returns (for new clients only).

Income information:

  • W-2s and Interest and Dividend statements
    (Form 1099-INT or 1099-DIV)
  • Individual Retirement Account year-end statement, plus any contributions or withdrawals through April 15th of the year
    following the tax return year
  • Unemployment income statements
  • Trust, "S" corporation, and/or Partnership income amounts
    (Form K-1)
  • Income and expenses from sole proprietorships
  • Income and expenses for rental properties and number of days occupied for personal purposes and rental purposes.
  • Details of any capital gains transactions, including cost basis and date of purchase ( Sale info on 1099-B).
  • Other income reported on 1099-MISC

Expense information:

  • Amounts of mortgage interest and points paid (Form 1098)
  • Real estate and/or state income taxes paid
  • Charitable donations (both cash and non-cash) and mileage
  • Tuition-related expenses: Provide name of student and cost of tuition, course materials, and computer equipment used by student paid during tax year.
  • Out-of-pocket medical expenses and mileage
  • Sales tax paid on a motor vehicle (including a car, motorcycle, motor home, recreational vehicle, sport utility vehicle, truck, van, and off-road vehicle), boat, aircraft, home (including a mobile or prefabricated home), and materials to build a home.
  • For business use of your car please provide total number of miles driven for business and the total number of miles driven for the year. For example 5,000 business miles and 15,000 total miles (which includes the business portion). Do not commuting miles from home to workplace unless you're a sole proprietor with a home office.

Other Information:

  • Full name, date of birth, and social security number for all dependents
  • State of Florida intangible tax was repealed. Year-end market values of non-retirement assets is no longer necessary.
  • Sale of home info if gain exceeds $250k (single) or $500k (married filing jointly) and you did live in it as your primary residence for at least two years, gain is excludable but info must still be reported on return.
  • Contact information (see downloadable tax checklist for specific information needed)

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