BLOCH, ROTHMAN & ASSOCIATES, LTD.
303-321-7160
Tax Preparation Checklist For 2008 Taxes
Information Needed To Do Your Tax Return
- Last year's return (if a new client) with any changes for 2008 for taxpayer, spouse, and dependents with Social Security Numbers, birth dates, and addresses.
- W-2's from all employers during 2008. 1099-MISC's for all "self-employed" jobs. K-1's from S-Corps, partnerships, estates, trusts, and LLCs.
- Amounts of other income such as hobby income, gambling and prize winnings, tips, alimony, unemployment, disability, judgments from lawsuits, inheritances, loan repayments, etc. (some may be partially taxable).
- 1099-INT's (interest), 1099-B (broker and barter) and 1099-DIV's (dividends) from banks, credit unions, stockbrokers, mutual fund companies, and companies where you own stock.
- 1099-R's if you have retirement income from pensions, IRA's, etc.; social security year-end statement.
- 1099-G's from State reporting state income tax refund and unemployment received in 2008.
- 1098's from mortgage companies to show interest, taxes and points. If you have a mortgage financed by an individual, you need the name, address, Social Security Number and an amortization table to show interest.
- Amount of contributions to an IRA or other retirement plan and IRA Roth rollover amounts for 2008.
- Amount of deductions including:
- Charitable contributions made by cash or check (need receipt if over $250)
- Donations of goods (not cash or check) with details if over $250
- Medical expenses not reimbursed by insurance (include insurance premiums)
- Ownership tax on car registration
- Real estate taxes
- Employee expenses not reimbursed. (job, education, travel, union dues, etc.)
- Tax preparation fees, safe deposit box fees, and investment fees.
- Expenses for child care; name of childcare provider with address and Social Security or Employer Identification Number.
- Self-Employed: List of all business expenses by category including business mileage for car and any new assets purchased.
- Rental Property: List of all rental income, rental expenses by category, depreciation schedule, and improvements.
- Amount of all federal and state estimated tax payments made for 2008.
- Buy-sell statements relating to securities transactions and year-end broker statements which recap 2008 transactions. Please be sure to provide accurate purchase and sales dates to us.
- Copies of qualified education expense recap forms received from the college you or your child attended in 2008.
- Any correspondence received from the IRS or state taxing agencies.
- Settlement papers from all real estate transactions.
- Knowledge of foreign bank accounts
- All other related tax documents.
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