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Tax season is here again, which means it's time to start gathering up your documents and getting ready to file your return. Spending a few minutes getting organized now will save you aggravation and stress later, so Dianne M. Saunders, CPA, a tax services expert serving individuals and businesses throughout Litchfield, CT, has created a tax preparation checklist of materials you'll need to help you get started.

For the smoothest tax preparation experience, start getting together the following things:

  • Personal Information: This includes Social Security numbers from you, your spouse, and anyone else you're planning to claim as a dependent. You'll also need last year's tax return from both you and your spouse if you file separately, and an account and routing number for your bank account if you're planning on directly depositing your refund.
  • Income Information: This includes 1099-C forms if you've received a debt cancellation, W-2 forms for both you and your spouse, 1099-G forms for claiming unemployment income, 1099-MISC forms if you worked as an independent contractor, any business, farming, rental property (including profit/loss statements), or miscellaneous income you received, and any alimony received in the last tax year.
  • Income Adjustments: This includes form 1098-E for student loan interest paid, form 1098-T for any tuition paid, IRA contribution records, medical savings account contribution records, moving expense receipts, and self-employed health insurance payment records.

Dianne M. Saunders, CPA offers an extensive range of tax preparation services, with extensive experience that will help you maximize your refund while minimizing your tax liability. To learn more about her unique, personalized tax services, schedule an appointment or call (860) 567-3022 today.

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