Tax Preparation

The IRS has to know precisely who’s documenting and who is canvassed in your expense form. To do this, you will require Social Security numbers and dates of birth for you, your life partner, and your wards:

Information about your income:

  • Income from jobs: forms W-2 for you and your spouse.

  • Investment income—various forms 1099 (-INT, -DIV, -B, etc.), K-1s, stock option information.

  • Income from state and local income tax refunds and/or unemployment: forms 1099-G

  • Taxable alimony received (Applicable to divorces finalized before January 1, 2019)

  • Business or farming income—profit/loss statement, capital equipment information If you use your home for business—home size, office size, home expenses, office expenses.

  • IRA/pension distributions—forms 1099-R, 8606

  • Rental property income/expense—profit/Loss statement, rental property suspended loss information

  • Social Security benefits—forms SSA-1099

  • Income from sales of property—original cost and cost of improvements, escrow closing statement, cancelled debt information (form 1099-C)

  • Prior year installment sale information—forms 6252, principal and Interest collected during the year, SSN and address of payer Other miscellaneous income—jury duty, gambling winnings, Medical Savings Account (MSA), scholarships, etc.

Adjustments to your income:

The following can help reduce the amount of your income that is taxed, which can increase your tax refund or lower the amount you owe.

  • IRA contributions

  • Energy credits

  • Student loan interest

  • Medical Savings Account (MSA) contributions

  • Moving expenses (for tax years prior to 2018 only for federal returns but your state might still allow it)

  • Self-employed health insurance payments

  • Keogh, SEP, SIMPLE and other self-employed pension plans

  • Alimony paid that is tax deductible (Applicable to divorces finalized before January 1, 2019)

  • Educator expenses