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What Documents Practice I Need to Bring to My Tax Preparer?

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

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OVERVIEW

Whether yous prepare your taxes yourself or go help from a tax preparer online or in-store, knowing what documents you'll need at mitt can assistance prevent tax filing errors and possibly lower your tax neb.

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What documents practise I need to file my taxes?

In addition to proof of your identity, and the identities of your family unit members, documents y'all should bring to a tax preparer include:

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

1.  Social Security details

Amid the about important things a CPA, tax preparer, or tax preparation software will need to file your tax return are the full names and Social Security numbers, or tax identification numbers, of yous, your spouse, and your dependents.

The easiest style to ensure all spellings and numbers will be correct on your revenue enhancement render is to provide:

• The Social Security cards for all people included on your tax return.
• Another form of identification to prove that the Social Security information is yours. Whatsoever government-issued ID that includes a photograph will work, such every bit a driver's license, passport, or country identification carte.

2.  Income statements

Even though your employer should written report your income direct to the IRS, your tax preparer will too demand the information on your West-ii form(southward) to consummate your tax forms.

• If y'all agree more than ane job, you lot'll need to provide W-2s from each employer.
• If your employer makes a fault on your W-ii and issues y'all a form W-2c, bring the corrected W-2c, besides.

Other income statements your taxation preparer will need to file your return include your:

• Westward-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.

three.  Other types of income

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

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

4.  Tax deduction documents

Revenue enhancement deductions can reduce your taxable income and, ultimately, your tax bill.   Here are some forms you lot'll demand to certificate your major deductions:

• Form 1098, your Mortgage Interest Argument, which comes from the company that services your mortgage loan
• Course 1098-C for the donation of an car, boat or aircraft worth more than $500 to a tax-exempt organization
• Form 1098-Eastward for interest yous paid on a student loan during the preceding year
• Form 1098-T, the Tuition Statement, documenting how much y'all paid in tuition for mail service-secondary instruction
• Form 1040ES copies, for a record of estimated tax payments made

v.  Receipts for expenses

If y'all'd like to deduct expenses from your personal or business organization income taxes, share your receipts for those expenses with your tax preparer. Tax-deductible personal expenses include:

• Medical bills,
• Charitable contributions,
• IRA contributions, and
• Certain educational activity expenses.

If you lot're cocky-employed, many business expenses are as well tax deductible.  To certificate both personal and business concern expenses, make sure you accept all your receipts, invoices, medical bills, and mileage logs.

It's also a skilful idea to accept a copy of your latest revenue enhancement return on paw. Your tax return will serve not only as a roadmap to your typical income and deductions, but also indicate out any major changes that may have occurred in the last yr and whatsoever possible discrepancies between your returns.

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The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does non requite personalized tax, investment, legal, or other business and professional advice. Before taking whatsoever activeness, you should always seek the assistance of a professional who knows your item situation for advice on taxes, your investments, the law, or any other business and professional person matters that affect you and/or your business.

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