ACCOUNTANCY CONSULTANTS of New Jersey õ 973-584-1232 õ õ www.practicalCPA.com
Client Name___________________________________ Email Address____________________________________________
2009 CHECKLIST of Information Needed to Complete FEDERAL & STATE Income Tax Returns
…provide all the information applicable to your returns--not all items apply to everyone & this is not an all-inclusive list…
2009TY-CHECKLISTofInfoNeededtoCompleteTAXreturns-rev2.doc
Accountancy Consultants of New Jersey, LLC … 54 Main Street, suite 102, Succasunna, NJ 07876 … 973-584-1232
2009TY-CHECKLISTofInfoNeededtoCompleteTAXreturns-rev2.doc
Accountancy Consultants of New Jersey, LLC … 54 Main Street, suite 102, Succasunna, NJ 07876 … 973-584-1232
q NEW CLIENTS: provide prior 1 to 3 years tax returns.
q Was a $250 “Economic Recovery Payment” Received in 2009?
Yes or No (Soc. Sec. recipients & SSI beneficiaries got it)
q Sales Receipts for all NEW Vehicles/Boats purchased in 2009
q W-2 Forms from all 2009 employers.
q 1099 Statements for interest & dividends received in 2009 (including descriptive capital gain statements that may be separate from the 1099 statements)
q NJ Rebates received: HOMESTEAD… $____________ SENIOR PROPERTY Tax FREEZE… $____________
q Complete Year-end Statements from all investments - mutual funds, IRAs, banks, non-taxable bonds, brokerage houses, etc. If received, provide original confirmation slips obtained at the time of purchase for each 2009 sale.
q If you had IRA withdrawals – provide the value of each IRA account at the beginning and end of the year.
q Details of all IRA and/or Keogh contributions made in 2009 for both you and your spouse.
q TOTAL tip income received $____________
q Unreported (to employer) tip income $____________
q Tax exempt income, e.g., Municipal Bonds.
q 1099-G Forms - state tax refunds, unemployment compensation.
q W-2G Forms – certain gambling winnings.
q Gambling winnings not on 1099-G, and gambling losses.
q SELF-EMPLOYMENT income and expenses for each business.
q Health insurance premiums paid for self-employed persons.
q 1099-B Statements - sales of stock, bonds, property, etc. (also provide the original cost & date of purchase for each sale).
q 1099-R Forms - pension & IRA distributions.
q RENTAL income & expenses (interest, taxes, repairs, utilities, maintenance, capital improvements, etc.) for each property.
q Total royalties received and related expenses.
q K-1 Statements from Partnerships, S-Corporations, Estates, and Trusts, (including any supplementary capital gain statements).
q SSA-1099 Statements - Social Security received.
q 1098-T Tuition Payments Statement and 1098-E Student Loan Interest Statement.
q Details of COLLEGE expenses, by student, paid in 2009.
q Miscellaneous income, e.g., jury duty pay, bartering income, debt cancellation, prizes, income from personal property rented, etc.
q Alimony received and/or paid, including recipient’s last name and Social Security Number.
q Medical/drug expenses, health & Long-term care insurance premiums, and medical travel (incl. auto mileage/tolls/parking).
q Amount received from health insurance & Medicare for medical expenses, i.e., reimbursements.
q Amounts and dates of Federal, State, and Local (if applicable) ESTIMATED TAX payments made in 2009.
q Real Estate taxes paid during 2009 (home, 2nd home, land).
q Interest paid on primary residence and second homes, land, etc., to financial institutions (Form 1098) or individuals (provide their Social Security Number), includes second mortgages, equity loans, equity lines, etc.
q Mortgage Insurance Premiums paid in 2009 for insurance contracts entered into after 2006 $__________________
q Contributions of cash to US and Canadian charities are deductible. Maintain a record of the contribution (bank record, such as a cancelled check and written record from charity).
q Miles driven for charitable purposes ____________miles, and related out-of-pocket expenses $____________.
q Contributions of personal items that are new or in good used condition (clothing, furniture, etc.) to recognized charities are deductible. (provide name, address, and receipts if items total over $500 in value). Appraisals may be required if the value is over $5,000. Miles driven to make the donations _________mi.
q HOME - sale/purchase/refinanced - all closing documents, HUD statement, list of capital improvements & costs.
q Moving expenses (related to start of new job) - transportation & storage of house goods, travel, & lodging for day of move.
q Employee business expenses, if not reimbursed and not reported as income on your W-2, including: mileage, supplies, union dues, travel expenses, seminar fees, subscriptions, hotel, telephone, books, tools, temporary assignment expenses, job related education, etc. Provide miles driven for business purposes, commuting, and total miles driven for the year.
q Fees paid for tax preparation, financial planning, investments, safe deposit box, IRA custodial fees, etc.
q Childcare expenses incurred while working (include fees of nursery school, camps, etc., and each facility’s tax ID number and address.)
q DEPENDENTS-Social Security Numbers, birth dates, and 2009 income received by children and all other dependents.
q Social Security Numbers of divorced or separated spouses.
q Rent expense paid in 2009 $_________ Address of apartment: ___________________________________________________
q Adoption expenses paid (provide complete details).
q Review all home & business check registers for deductions.
q Details of gifts of more than $13,000 (cash or property) to one or more people (directly or in trust)—for Gift Tax returns.
q Details of amounts spent in 2009 for energy efficient improvements to your main home (e.g., insulation, exterior windows, heating/cooling systems, solar energy, solar water heating, fuel cell, small wind energy, or a geothermal heat pump).
q Details of any NEW and/or HYBRID VEHICLE purchased in 2009 (year, make, model, credit amount-if known)
q NJ Residents Only -- Total cost (excluding sales tax) of all items purchased in Pennsylvania in 2009 that were subject to PA sales tax AND were brought back to and used in New Jersey (use educated guess, if necessary) $______________
q USE TAX… Total cost of all items purchased in a state other than your home state in 2009 and on which NO sales tax was paid (but which would have been subject to the NJ sales tax if purchased in NJ) $_______________
q NJ Residents – Does every dependent have HEALTH INSURANCE COVERAGE on the projected date your NJ return will be filed? If NO, please explain ________________
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q Other comments/questions _____________________________
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2009TY-CHECKLISTofInfoNeededtoCompleteTAXreturns-rev2.doc