Organizer Checklist for Individuals
Please bring the following items in:
- A copy of your 2009 and 2010 income tax return, if we did not prepare it
- Real Estate Property tax statements
- All W-2, W-2G, and 1099 Forms, and all other income sources, including Social Security and Unemployment
- Year End Brokerage statements showing buy and sell transactions for stocks, bonds, etc.
- Schedule K-1 from Partnerships, S Corporations, Estates, and Trusts
- Childcare: bring name, address, ID #, phone # of provider, and amount paid per child
- Forms 1098 for mortgage interest
- Any tax notices sent to you by the IRS or the State
- A voided check for your refund to be Direct Deposited
- Information regarding payments to household workers
In addition, bring information if any of the following items applies:
Personal Information:
- Bring information of change in marital status or address
- Become legally blind or disabled
- Any changes to dependents: Bring Social Security Cards and birth dates
- Death in the family
Income Information:
- Deferred a 2010 IRA distribution to be taxed in 2011 and 2012
- Make or receive alimony payments
- Payments received on prior year installment sale
- Rental or royalty income
- Tax exempt interest, disability payments, or other non-taxable income
- Foreign taxable income or foreign tax
- Receive stock options or grants from your employer, or exercise stock options
- Contribute to, withdraw from, or rollover a Keogh, IRA, or Roth IRA
- Any type of prize, award, legal settlement, tips, gambling winnings, or jury duty fees
- Buy or sell any property: Bring in your closing escrow statement (HUD-1) and Forms 592-B, 593-B, or 3528A (first home credit)
Itemized Deductions:
- DMV paid
- Union dues
- Sales Tax paid on auto, truck, boat, etc.
- Suffer a major casualty such as theft or storm damage
- Charitable contributions need proof of donation; charitable mileage
- Medical expenses, including health insurance premiums and mileage
- Employee business expenses including job seeking expenses
Education Information:
- Did you or your dependent attend any post secondary education classes
- Tuition fees (Form 1098-T) and expenses for books, computers, supplies, and any required class fees
- Use your 529 plan for education expenses
- Pay student loan interest
Purchase, Sales, and Business Information:
- Increase employees from 2010: Bring in payroll records for 2010 and 2011
- Pay health insurance for employees: Bring in amounts paid for each employee
- If you are claiming deductions for travel, entertainment, business gifts: you must substantiate by adequate records, including: (1) Amount, (2) Time and place, (3) Date and description of gift, (4) Business relationship, and (5) Business purpose.
- Use your car for business: You must maintain a mileage log!
- Mileage log must be subtotaled Jan-June and July-December due to different rates
- Use a portion of your home as an office
- Start, sell, or dissolve a business
- Acquire new or additional interest in a partnership, LLC, or S-Corp
- Purchase or dispose of assets used in business
- Engage in any bartering transactions
Miscellaneous Information:
- Are you repaying the 2008 home loan credit?
- COBRA insurance subsidy payments
- Job related move: Bring moving expenses
- Purchase a vehicle: Please bring in your Purchase Agreement Contract
- Refinance your home loan, or acquire a equity line of credit: Bring in your final closing settlement statement (HUD-1)
- Did you give any gifts of more than $13,000 to any individual?
- Do you wish to make voluntary California contributions to certain charities?
- Purchase any items online, by phone, by mail, or out of state, and no California sales tax was charged on it
- Purchase gasoline, fuel, etc. for a non-highway vehicle?
- Contributions to or distributions from a Health Savings Account (HSA): Bring in forms 1099-SA and 5498-SA
- Debt relief, short sale, foreclosure, or debt forgiveness: Bring in 1099-A and/or 1099-C
- Rent your primary residence for at least 6 months
- Was there $10,000 in a foreign account at any time during the year?
- Did you create a trust? Living Trust?
- Bankruptcy: bring final discharge paper
- Purchase energy-efficient property for energy credit
2012 Planning:
- Businesses need to track income from merchant card sales separately
- Consider making a Roth IRA conversion in 2012
- Are you over 70 ½? If so, you are required to withdraw from your IRA every year
office (909)
983-3716
