Important Documents/Items To Bring For Tax Preparation

Before you make your income tax appointment with us, you should have a “Tax Preparation Checklist” to help you get organized for the appointment. The following checklist will help you get all documents together before showing up to your appointment here at La Popular Insurance. So, go through this list and bring everything that applies to you. If you have any questions, feel free to call us.

What We Need For Personal Information

The following, let’s us know the names of persons filing, dependents, and where to deposit your refund.

  • Social Security numbers (SSN Card) and dates of birth for you, your spouse, your dependents.
  • Copies of last year’s return for you and your spouse (if applicable).
  • Bank account number and routing number (If you will opt for direct deposit).

Information about your income

  • W-2 forms for you and your spouse
  • 1099-C cancellation of debt forms
  • 1099-MISC forms for you and your spouse (Independent contractor work)
  • 1099-G forms for unemployment income, or state or local tax refunds
  • SSA-1099 for Social Security benefits received
  • 1099-R, Form 8606 for payments/distributions from IRAs or retirement plans
  • 1099-INT, -DIV, -B, or K-1s for investment or interest income
  • Alimony Received
  • Business or farming income – profit/loss statement, capital equipment information
  • Forms 6252, for prior year – Principal and interest collected during the year, SSN and address for payer
  • 1099-S forms for income from sale of a property
  • Rental property income and expenses: profit/loss statement, suspended loss information
  • Miscellaneous income: jury duty, gambling winnings, Medical Savings Account, scholarships, etc.

Adjustments to your income

Bring the following to help reduce the amount of your income that will be taxed, which can increase your tax refund and maybe lower the amount you owe.

  • Form 1098-E for student loan interest paid (or loan statements for student loans)
  • Form 1098-T for tuition paid (or receipts/canceled checks for tuition paid for post-high school)
  • For teachers: Canceled checks or receipts for expenses paid for classroom supplies, etc.
  • Records of IRA contributions made during the year
  • Receipts for any qualifying energy-efficient home improvements (solar, windows, etc.)
  • Records of Medical Savings Account (MSA) contributions
  • 1095 Form or Self-employed health insurance payment records
  • Records of moving expenses
  • Alimony paid
  • Keogh, SEP, SIMPLE, and other self-employed pension plans

Deductions and credits – Itemized Items

The following helps lower the tax paid on individuals therefore more tax refund. The following are deductions and credits you deserve:

  • Child care costs: provider’s name, address, tax ID, and amount paid
  • Education costs: Form 1098-T, education expenses
  • Adoption costs: SSN of child; records of legal, medical and transportation costs
  • Forms 1098: Mortgage interest, private mortgage insurance (PMI), and points you paid
  • Investment interest expenses
  • Charitable donations: cash amounts, official charity receipts, canceled checks; value of donated property; miles driven and out-of-pocket expenses
  • Medical and dental expense records
  • Casualty and theft losses: amount of damage, insurance reimbursements
  • Records/amounts of other miscellaneous tax deductions: union dues; unreimbursed employee expenses (uniforms, supplies, seminars, continuing education, publications, travel, etc.)
  • Records of home business expenses, home size/office size, home expenses
  • Rental property income/expenses: profit/loss statement, rental property suspended loss

Taxes You Have Paid

  • State and local income taxes paid
  • Real estate taxes paid
  • Personal property taxes
  • Vehicle license fees based on value of vehicle

Extra/Other Information

  • Estimated tax payments made during the year (self-employed)
  • Prior-year refund applied to current year and/or any amount paid with an extension to file.
  • Foreign bank account information: location, name of bank, account number, peak value of account during the year.