Wow, it’s time to go through that pile of receipts and pull out what you need for your tax return. Please use this list to sift through your information, complete the contact information and return this form and the required data to me. Please include any other income and expense information that may be needed for your tax return. There is a copy available for download at the bottom of this page. Please email me and I can send you the forms directly via email, mail or fax.
NEW Clients – A copy of last year’s Federal and State tax returns
Employment and Income Data: W-2s Interest and Dividend Statements (1099-INT or 1099-DIV) Individual Retirement Account year-end statement, including any contributions or withdrawals through April 15, 2008 Unemployment statements Trust, S-Corporation and/or any Partnership income amounts (Form K-1) Income and expenses from any self-employment Income and expenses related to any rental properties and the number of days occupied for personal and rental. Any sales of stocks / capital gain transactions – cost basis, date of purchase and sale information from 1099-B. Any other income (1099-MISC)
Expenses and Home Owner Data: Mortgage interest and points paid on Form 1098 Mortgage Insurance Premiums (PMI) paid for loans closed or refinanced in 2007 Personal property and real estate taxes paid during 2007 Donations to charities – please note that the IRS now requires a receipt for all donations regardless of the amount (canceled check, receipt, or bank statement). Medical expenses paid (not including insurance premiums) Long-term care insurance premiums paid Employee business expenses that are not reimbursed by your employer (i.e. uniforms) Sales Tax paid
You can deduct sales tax rather than state income tax this year. If you saved ALL of your receipts then you can include those with your information. If not, like most of us, I can use the IRS standard deductions to determine which is a better deal for you. Please include any of the following which can be deducted in addition to the amount on the IRS table:
Sales tax paid on a motor vehicle, boat, aircraft, etc
Sales tax paid on a home (including mobile or prefabricated home) and materials to build a home. This can include purchases a contractor made while acting as your agent.
NOTE: If you do not have some large purchases, the income tax deduction is generally higher (IN/KY).
Sale of home information if gain exceeds $250,000 (single) or $500,000 (married, filing jointly) or if you did not live in the home for at least two years. Energy improvements and deductions (receipts are required) Amounts paid for classroom supplies by educators (You are required to maintain the receipts)
Indiana Information (even if you do not itemize) Rent paid in Indiana Real estate property taxes paid Contributions to Indiana 529 plan Energy improvements and deductions (receipts are required)
PERSONAL DATA
The following information is needed for new clients who do not submit a prior year return or if the information has changed.
Taxpayer: Full Name Date of Birth Occupation Social Security Number
Spouse: Full Name of Spouse Occupation Date of Birth Spouse Social Sec Num
Dependents Names Dependents Social Security Numbers Dependents Birthdays
Contact Information for the tax return (all clients)
Name Home Phone Cell Phone / Work Phone Email Address
Do you check your email regularly? Yes No
Do you want to file your return electronically? Yes No (A paper copy will be provided prior to filing for your review)
Do you prefer direct deposit of any refund? Yes No If so, include a voided check or deposit slip.
Please mail or fax information to me.
Rhonda K Spaulding, CPA 10866 W State Route 68 Elberfeld, IN 47613 Phone: 812.431.7723 FAX: 270.916.9543
Download a printable version in Micorsoft Word, here.
