Quantcast The Official ITC 2013 Tax Prep CheckList
ravens2010 January 16 2014 with 0 Comments

The Official ITC 2013
Tax Preparation Checklist

No matter what software you might be using to complete your taxes this coming year, we here at the ITC want to provide you with as much help as possible.

We know how much of a hassle it can be when trying to figure out what exactly you are going to need in order to complete an accurate return…and by accurate, we mean a 2013 Tax Return that will leave you with nice big fat Refund Check!


First & Foremost:

* Your social security number
* Your spouse’s full name and social security number
* Amount of any alimony paid and ex-spouse’s social security number

Additionally: ANY other people who may need to be added to your return; for example, Children & other Dependents, and their relevant documentation

* The Dates of birth and social security numbers of all dependents & children
* Any Childcare records (including the provider’s ID number) when applicable
* The approximate income of other adults in your home (however, not your spouse if you’re filing jointly)
* If applicable, Form 8332, and copies of your divorce decree, or other documentation showing that your ex-spouse has waived their right of claiming a child to you


* Bills from the educational institution or anything else that itemizes what you paid or received loans for versus what was covered by scholarship or other financial aid
* Forms 1098-T and 1098-E, if you received them
* Scholarships and fellowships


* Any relevant employee Forms: i.e. W-2


* Any and All documents and Forms pertaining to an individual company or sole-proprietorship including but not limited to:
* 1099-MISC, Schedules K-1, income records to verify amounts not reported on 1099s.
* Records of all expenses — check registers or credit card statements, and receipts
* Business-use asset information (cost, date placed in service, etc.) for depreciation
* Office in home information, if applicable (i.e. One Third of your Rent, Utilities, etc)


* Account of your TOTAL MILES driven for the year (you can also use your odometer reading from the beginning of the year and the end)
* Account of your Total BUSINESS MILES driven for the year (excluding any commuting miles of course)
* Account of all parking and tolls fees that were paid (with receipts)
*** In the event you are going to claim ACTUAL EXPENSES, you must have all receipts and/or totals for gas, oil changs, car washes, license fees, personal property tax information, lease or interest expense fees, etc.


* Any and ALL records of income and expenses pertaining to Rental property
* All Rental asset information so that it may be depreciated over the tax year; for example, cost, date placed in service, etc.


* All relevant Pension/IRA/annuity income (1099-R) for the filing party(s)
* All relevant Social security/RRB income (1099-SSA, RRB-1099) for the filing party(s)


* All relevant Interest, dividend income (1099-INT, 1099-OID, 1099-DIV) for the filing party(s)
* All relevant Income from the sale of stock or other property (1099-B, 1099-S) for the filing party(s)
* All relevant Dates of acquisition and records of your cost basis or other basis in property you have sold throughout the year


* Any Unemployment Income received or State Tax Refunds granted to the filing party(s) (1099-G)
* Any Gambling income earned by the filing party(s) (W-2G or records showing income, as well as expense records) NOTE - this income can be offset by Gambling Losses with proof of loss (but losses can ONLY be claimed when claiming Winnings)
* Any Amount of alimony monies received and ex-spouse’s name for record
* Any Health care reimbursements (1099-SA or 1099-LTC)
* Any Jury duty records
* Any Hobby income and expenses in which to offset the income
* Any monetary Prizes and awards earned on behalf of the filing party(s)
* Any Other 1099 forms showing earnings in the tax year


* Forms 1098 or other mortgage statements showing applicable Interest paid
* All Amounts of state/local income tax paid (other than wage withholding), or amount of state and local sales tax paid in advance by the filing party(s)
* Real estate and personal property tax records for payments made
* Invoice showing amount of vehicle sales tax paid for the filing party(s)
* HUD statement showing closing date of home purchase in order to write off qualifying new home expense
* Cash amounts for any Donations made to churches, houses of worship, schools, other charitable organizations
* Receipts and Records of non-cash charitable donations to places such as Goodwill, etc.
* Any amounts paid for healthcare insurance and fees not covered by insurance that were paid to doctors, dentists, hospitals and other medical places
* Account of all miles driven for charitable or medical purposes on behalf of filing party(s)
* Any expenses related to your investments
* Amount paid to your tax professional for the preparation of your 2011 tax return
* Employment-related expenses (Union dues, publications, tools, uniform costs and cleaning, travel costs, other related employee expenses not reimbursed by the Employer)
* Job-hunting expenses


* Amount contributed for 2012 (and 2013, if applicable)
* Traditional IRA applicable basis
* Value of IRAs as of Dec. 31, 2012

IMPORTANT NOTE - If you were affected by a federally declared disaster you must have the following information available:

City/county you lived/worked/had property in
Records/Receipts to support any and all property losses (appraisal, clean up costs, etc.)
Records/Receipts of any rebuilding/repair costs
Records of Insurance reimbursements/claims to be paid
Records of FEMA assistance information
Check FEMA site to see if my county qualifies for individual assistance

This list is a very detailed account of the information you will definitely need in order to ensure that you receive the highest Tax Refund in 2013 that you deserve!

If you have any other questions, please do not hesitate to contact our team here at the Income Tax Crew! Our email is admin@incometaxcrew.com

Also feel free to check out our enhanced Tax Professional Directory - find a Local Tax Practitioner in your home town to help make sure you are completing your return accurately!

Good luck!!


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