JMI Tax Service LLC
Remember that the sooner you file, the sooner you’ll get your refund. To make the e-filing process quicker, gather your forms and documents before you begin. Below is a checklist of the basic forms and records you’ll need to make your taxes happen fast!
Forms you’ll need…
- Personal information
- This information tells the IRS who’s filing, who is covered in your tax return, and where to deposit your tax refund. Don’t skip these crucial first steps.
- Drivers license numbers, social security card and dates of birth for you, your spouse, your dependents Copies of last year’s tax return for you and your spouse (not required)
- Bank account number and routing number, if you’d like your refund deposited directly into your account
Information about your income
W-2 forms
1099-C forms for cancellation of debt
1099-G forms for unemployment income, or state or local tax refunds
1099-MISC forms for you and your spouse (for any independent contractor work)
1099-R, Form 8606 for payments/distributions from IRAs or retirement plans
Business or farming income – profit/loss statement, capital equipment information 1099-INT, -DIV, -B, or K-1s for investment or interest income
SSA-1099 for Social Security benefits received
Prior year installment sale information – Forms 6252, principal and interest collected 1099-S forms for income from sale of a property
Rental property income and expenses: P&L, suspended loss info
Alimony
Miscellaneous income: jury duty, gambling winnings, Medical Savings Account,
scholarships, etc.
Adjustments to your income
The following items can help reduce the amount of your income that is taxed, which can increase your tax refund, or lower the amount you owe.
Records of IRA contributions made during the year
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. Moving expenses
Receipts for any qualifying energy-efficient home improvements (solar, windows, etc.) Records of Medical Savings Account (MSA) contributions
Self-employed health insurance payment records
Form 1098-E for student loan interest paid
Alimony and Keogh, SEP, SIMPLE, and other self-employed pension plans
If you itemize your deductions:
Deductions, credits, childcare, education, etc.
Work with JMI Tax Service LLC if you want to make the most of your returns this year! The deductions that follow will help you really maximize your returns.
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
Medical and dental expense records
Casualty and theft losses: amount of damage, insurance reimbursements Records of home business expenses, home size/office size, home expenses Rental property income/expenses: profit/loss statement, rental property suspended loss info Records/amounts of other miscellaneous tax deductions
Records/amounts of other miscellaneous tax deductions