| E.M.D. Tax and Bookkeeping Services Barnegat, NJ 08005 Tel: 609-489-4165 EMD2006@COMCAST.NET |
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TAX CHECKLIST
PERSONAL INFORMATION
SOCIAL SECURITY #
Taxpayer
Spouse
Dependant # 1
Dependant # 2
Dependant # 3
Dependant # 4
CHILDCARE COSTS
Cancelled checks or invoices
Childcare Providers Name
Childcare Providers Address
Childcare Providers Tax ID # or Soc. Sec #
ADVANCE CHILD TAX CREDIT
Copy of the IRS notice announcing the amount of your payment
ALIMONY PAID
Social Security #
Amount Paid
INCOME DATA
W-2 forms for this year
Unemployment compensation: Forms 1099-G
Miscellaneous income including rent: Forms 1099-MISC
Partnership, S Corporation, & trust income: Schedules K-1
Pensions and annuities distributions Forms 1099-R
Social Security/RR1 benefits: Forms RRB-1099
Alimony received
Jury duty pay
Gambling and lottery winning
Prizes and awards
Scholarships and fellowships
Interest income statements: Form 1099-INT & 1099-OID
Dividend income statements: Form 1099-DIV
Proceeds from broker transactions: Form 1099-B
State and local income tax refunds: Form 1099-G
HOMEOWNER DATA
Current address(es) for this year
Mortgage interest: Form 1098
Sale of your home or other real estate:
Second mortgage interest paid
Real estate taxes paid
Rental real estate information - SEE RENTAL Income Stmt.
DEDUCTIONS
Charities
Non-Cash Contributions
Itemized Listing of Property
Appraisals if the FMV is over $5,000
Receipts if over $250
Cash Contributions
Cleared Checks
Receipts
Un-reimbursed expenses related to your job
Medical Expenses
Investment expenses
Job-related education expenses
Casualty or Theft Losses
Child care expenses
Medical Savings Accounts
Adoption expenses
Alimony paid
Student loan interest paid
Early withdrawal penalties on CDs and other time deposits
Tax return preparation expenses and fees
SELF EMPLOYMENT
Business income: Forms 1099-MISC and/or own records
Business-related expenses: Receipts, other documents & records
Farm-related expenses: Receipts, other documents & own records
Employment taxes & other business taxes paid for current year:
ESTIMATED PMTS
2007 Amount Paid
1st qtr - Amount Paid
2nd qtr - Amount Paid
3rd qtr - Amount Paid
4th qtr - Amount Paid
FOREIGN BANK ACCOUNTS
Name of financial institution
Location of financial institution
Account number
Maximum value of account
ENERGY SAVING PURCHASES
Bill of sale for a hybrid automobile purchased in 2008
Receipts for energy-saving improvements to your home in 2007
DIRECT DEPOSIT
Bank Name
Account #
Routing #
RENTAL INCOME STATEMENT
Rental Income
Rent
Advanced Rent Payments
Expenses Paid by the Tenant
Security Deposits Kept due to non fullfillmet of contact
Payments for Lease cancellation
Total Rental Income
Advertising
Cleaning and Maintenance
Cleaning Supplies
Commissions
Homeowner's associations Dues and Condo fees
Insurance premiums- Hazard, Flood, Fire
Interest expense
Local property taxes
Management fees
Pest control
Professional fees
Rental of equipment
Rents you paid to others
Supplies
Trash removal fees
Travel expenses
Utilities
Yard maintenance
Locksmith Expenses
Telephone Expense
Repairs
Minor repainting
Repairing appliances
Fixing leaks
Replacing broken windows or doors
Actual Mileage (gas, upkeep, maintenance)
or
Standard Mileage (# of Miles driven)- see Note 1
Mileage from Jan- June 30th @ .505 per mile
Mileage from July 1- Dec 31 @.58 per mile
Improvements
Additions to the structure
Adding a swimming pool
Installing a water filtration system
Modernizing a kitchen
Installing insulation
Shrubbery
Fences
Furniture or appliances
Note 1 : To qualify for the standard mileage rate, you must use the standard mileage method
the first year you use a car for your business activity. Moreover, you can't use the standard
mileage rate if you have claimed accelerated depreciation deductions in prior years, or have
taken a Section 179 deduction for the vehicle.
VEHICLE INFORMATION
YEAR
MAKE
MODEL
ODOMETER READING
Jan 1st
Dec 31
or
# OF MILES DRIVEN FOR THE YEAR
% USED FOR BUSINESS %
% USED FOR PERSONAL %
% USED FORM COMMUTING %
Total 100%
GAS
TOLLS
PARKING
REPAIRS & MAINTENANCE
VEHICLE PMTS
INTEREST EXPENSE
REGISTRATION
OTHER EXPENSE
Description
1. DID YOU SELL OR DISPOSE OF THE VEHICLE THIS YEAR?
YES NO
IF YES:
PURCHASE PRICE
DATE OF SALE
SALE AMOUNT
HOME OFFICE DEDUCTION
Home Office Square Footage
Total Home Square Footage
Mortgage/ Rent For the Year
Interest Paid For the Year
Utilities
Electric For the Year
Gas For the Year
Home Telephone used for business For the Year
Internet/ Cable Modem For the Year
Home Owners Insurance For the Year
Other Utilities For the Year
Repairs & Maintenance to the Office For the Year
(For Depreciation)
Value of the House
Value of the Land
