Getting Ready to File Your Taxes? Don't Miss This Checklist

A Little Organization Goes a Long Way!

To make filing as stress free as possible, whether you are hiring a tax professional or you are doing it yourself, make sure you have all the information and documents you need to accurately complete

your tax return.

You can eliminate stress and confusion by having these documents and information handy when you file your return.

One of the most important things to get right on your tax return is your Social Security number and date of birth, as well as the SSN and DOB of your spouse and

any dependents. You’d be surprised how many people forget to input this basic information

correctly.

#1

If you are an employee, be sure you have W-2 forms for yourself and, if you choose to file

jointly, your spouse, nearby.

#2

If you receive income from investments and interest, make sure you have your forms 1099-

INT, 1099-DIV, or 1099-OID.

#3

If you sold stock or other assets, be sure you have your forms 1099-B or 1099-S before

you file.

#4

Did you know that cancelled debt is considered taxable income? Be sure

report any 1099-C forms you received during the year on your tax return.

#5

Be sure to have documentation of any and all income received from rental

properties.

#6

Keep documentation of income and expenses for any side business that you run handy

when you complete your return. The IRS is very interested in small businesses.

#7

You will also need any Social Security income (SSA-1099)

and IRA or pension distribution forms (1099-R, 8606) to file your taxes.

#8

Finally be sure to have documentation of other miscellaneous income, such as

gambling winnings, prizes and awards, unemployment benefits, alimony, etc.

#9

ConclusionDoing your taxes is no walk in the park, but having all the documents you need on hand

can save you both time and stress.

Remember to report ALL forms of income and to have documentation to back up any

deduction or credit you take.

To Learn More Visit:http://www.reliancetaxgroup.com/

Or Give Us a Call at:(877) 597-0153