Tax Preparations – Documents needed

Part 2 of our tax preparations series – What documents should you have?

Last time I gave you a list of the documents I gather every year to file my taxes. It was by no means a complete list or meant to be the only list you should follow. Your taxes are different than mine. You may have young children who require daycare, or you rent instead of own your home.

Here is a list of documents I found from the IRS:

  • Social Security numbers of you and your spouse and your dependents
  • W-2 Forms from all employers you (and your spouse, if filing a joint return) worked for during the past tax year.
  • 1099 Forms if you (or your spouse) completed contract work and earned more than $600.
  • Investment income information (including: interest income, dividend income, proceeds from the sale of bonds or stocks, and income from foreign investments).
  • Income from local and state tax refunds from the prior year.
  • Business income (accounting records for any business that you own)
  • Unemployment income
  • Rental property income
  • Social Security benefits
  • Miscellaneous income (including: jury duty, lottery and gambling winnings, Form 1099-MISC for prizes and awards, and Form 1099-MSA for distributions from medical savings accounts)
  • Homebuyer tax credit
  • Green energy credits
  • IRA contributions
  • Mortgage interest
  • Student loan interest
  • Medical Savings Account (MSA) contributions
  • Self-employed health insurance
  • Moving expenses
  • Education costs
  • Childcare costs
  • Adoption costs
  • Charitable contributions/donations
  • Casualty and theft losses
  • Qualified business expenses
  • Medical expenses
  • Job and moving expenses

It might be a good thing to print this list out, and go through it. Cross off the items you don’t need. Then save the list for next year. Make your life easier!

Who says taxes have to be hard?

Next time I’m going to go over a list of business expenses us crafters need to think about. Some just might surprise you.

Until then,


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.