What you should bring to your tax appointment :: Wamhoff Financial & Accounting

What you should bring to your tax appointment

What you should bring to your tax appointment:
Prior Year Tax Return Copies
If you are a new client, please bring copies of your last 2 years federal and state income tax returns. We may be able to amend mistakes/omissions getting you back additional refunds.

Income Statements
Bring all applicable W-2 forms, 1099 forms, interest income, dividend income, K-1 forms, pension or IRA distributions forms, brokerage account forms, social security, and student loan interest forms.

Itemized Deductions
If you are planning on itemizing your deductions (Schedule A) please compose a spreadsheet/list summarizing them. Itemized deductions include: medical expenses, personal property tax, state and local sales taxes, tax preparation fees, custodial fees, financial planning fees, interest on mortgages and home equity loans (bring Form 1098), mortgage insurance premiums, real estate taxes, casualty and theft losses, investment related subscriptions, uniforms, cash and noncash charitable donations, safe deposit box fees, unreimbursed job related expenses (such as job seeking expenses), cell phone charges, tools, dry cleaning, luggage, PDAs, online service fees, trade journals, travel, meals, and entertainment.

If you plan on claiming dependents, provide all dependent’s full names (as they appear on their social security card), dates of birth, & social security numbers.

The amount you contributed to a traditional IRA (Form 5498). If you converted a Traditional IRA to a Roth IRA, please supply the amount of any applicable after-tax Traditional IRA contributions you made over the years.

Stocks & Mutual Funds
If you sold stocks or mutual funds, please provide a spreadsheet showing the date you bought each item that was sold along with the total purchase price of each item sold. Do not assume your cost information is provided on Form 1099. Please carefully review all your stock sales to ensure you have the purchase date and cost information for each stock or mutual fund sold during the year.

Estimated Tax Payments
If you made any estimated tax payments this tax year, we will need to know the dates and amounts paid of all federal and state estimated tax payments.

Finally, please bring any other official tax documents you received not mentioned above. When in doubt, bring it!

Tax Season Opens As Planned
Following the passage of the extenders legislation, the Internal Revenue Service announced that it anticipates opening the 2015 filing season as scheduled in January. The IRS will begin accepting tax returns electronically on Jan. 20. Paper tax returns will begin processing at the same time. The IRS reminds taxpayers that filing electronically is the most accurate way to file a tax return and the fastest way to get a refund. There is no advantage to people filing tax returns on paper in early January instead of waiting for e-file to begin.