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What Documents Exercise I Need to Bring to My Taxation Preparer?

Updated for Tax Year 2021 • January xviii, 2022 11:49 AM

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OVERVIEW

Whether y'all ready your taxes yourself or get help from a tax preparer online or in-store, knowing what documents y'all'll need at mitt tin help prevent taxation filing errors and possibly lower your tax bill.

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What documents do I need to file my taxes?

In addition to proof of your identity, and the identities of your family members, documents you lot should bring to a tax preparer include:

1. Social Security documents
2. Income statements such as W-2s and MISC-1099s
3. Tax forms that report other types of income, such as Schedule Grand-i for trusts, partnership and Due south corporations
4. Tax deduction records
5. Expense receipts

1.  Social Security details

Amongst the most of import things a CPA, tax preparer, or taxation grooming software will demand to file your tax return are the full names and Social Security numbers, or taxation identification numbers, of y'all, your spouse, and your dependents.

The easiest manner to ensure all spellings and numbers volition be right on your revenue enhancement return is to provide:

• The Social Security cards for all people included on your taxation render.
• Another form of identification to bear witness that the Social Security data is yours. Any regime-issued ID that includes a photograph will piece of work, such every bit a commuter'southward license, passport, or state identification menu.

two.  Income statements

Even though your employer should report your income straight to the IRS, your tax preparer will besides need the data on your W-ii form(s) to complete your tax forms.

• If you hold more than one job, you'll demand to provide W-2s from each employer.
• If your employer makes a fault on your W-2 and bug you a form W-2c, bring the corrected W-2c, too.

Other income statements your tax preparer volition need to file your return include your:

• West-2G, if you had certain types of gambling winnings
• 1099-R, if yous received distributions from a pension, annuity, IRA, insurance contract and other retirement accounts.

3.  Other types of income

If yous're self-employed or you lot receive income from other sources, yous'll need to report that information on your taxation render. If you've received any of the following IRS forms in the mail, share them with your revenue enhancement preparer.

• Form 1099 and Form 1099-MISC for self-employment income
• Class 1099-A for foreclosure of a habitation
• Form 1099-B for proceeds from broker transactions
• Form 1099-C for cancellation of debt
• Form 1099-DIV for dividends and distributions
• Course 1099-K for unemployment income or a state revenue enhancement refund
• Form 1099-INT or Class 1099-OID for involvement income
• Form 1099-K for business or rental income processed past third-party networks
• Course 1099-LTC for Long Term Care reimbursements
• Form 1099-PATR for patronage dividends
• Class 1099-Q for payments from qualified education programs
• Grade 1099-QA for distributions from an ABLE business relationship
• Form 1099-S proceeds from the sales of property
• Form 1099-SA for Health Savings Account and Medical Savings Business relationship distributions
• Form SSA-1099 for Social Security benefits
• Class RRB-1099 for railroad retirement benefits

iv.  Taxation deduction documents

Tax deductions tin can reduce your taxable income and, ultimately, your tax bill.   Here are some forms you'll need to certificate your major deductions:

• Grade 1098, your Mortgage Interest Statement, which comes from the visitor that services your mortgage loan
• Form 1098-C for the donation of an automobile, gunkhole or aircraft worth more than $500 to a taxation-exempt organization
• Form 1098-Eastward for interest you paid on a student loan during the preceding year
• Course 1098-T, the Tuition Statement, documenting how much y'all paid in tuition for mail-secondary teaching
• Form 1040ES copies, for a record of estimated tax payments fabricated

5.  Receipts for expenses

If you'd like to deduct expenses from your personal or business income taxes, share your receipts for those expenses with your revenue enhancement preparer. Revenue enhancement-deductible personal expenses include:

• Medical bills,
• Charitable contributions,
• IRA contributions, and
• Certain didactics expenses.

If you're self-employed, many business expenses are also taxation deductible.  To document both personal and business expenses, make sure you have all your receipts, invoices, medical bills, and mileage logs.

It'south also a adept idea to have a copy of your latest tax return on hand. Your tax render will serve not only as a roadmap to your typical income and deductions, but as well point out any major changes that may have occurred in the last year and any possible discrepancies between your returns.

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The in a higher place article is intended to provide generalized financial information designed to educate a broad segment of the public; information technology does not requite personalized tax, investment, legal, or other business concern and professional advice. Earlier taking any action, you should always seek the assist of a professional who knows your particular situation for advice on taxes, your investments, the law, or any other business and professional matters that impact you and/or your business.

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