The Notes

You will benefit greatly from filing taxes on time and correct, by providing all of the following documents:

• Personal information: driver’s license, social security number, date of birth, last year’s tax return (2022), bank account.
• W-2 or 1099-NEC forms (for independent contractors)
• Bank interest, Form 1099-INT (if applicable)
• Mortgage debt, Form 1098 (if applicable)
• Social Security income, Form SSA-1099 (if applicable)
• Gambling or slot machine winnings, Form W-2G or 1099-MISC (if applicable), and a letter of gambling losses (Win Loss Statement)
• Unemployment compensation, Form 1099-G (if applicable)
• Obamacare insurance, Form 1095-A (if applicable)
• College and University tuition, Form 1098-T (if applicable)
• Income from stocks, business investments, Form 1099-B or Schedule K-1 (if applicable)
• Income from home sales, Form 1099-S (if applicable)
• Private school tuition, childcare expenses (if applicable)

IF YOU ARE A BUSINESS OWNER

• Total annual revenue, Form 1099-K
• Detailed list of business expenses (employee salaries, rent, transaction fees, utilities, internet, telephone, tools, supplies and materials, business licenses, insurance, repairs and maintenance, advertising, vehicles, bonuses and meals for employees, travel expenses, bank interest payments, depreciation of assets and equipment, research and development costs, etc.) In general, all expenses related to maintaining and growing your business can be declared for tax deductions.

The above is a preliminary list of common documents required for income tax filing. Depending on your specific situation, you may need additional related documents.