Even though many documents are now digital, that doesn’t mean you shouldn’t bring any to the accountant for your tax prep appointment. To ensure that the taxes are filed properly and you get all of the deductions and credits you’re entitled to, bring the following papers. 

What Documents to Show the Accountant for Tax Preparation

1. Earnings Statements 

If you worked for an employer during the previous tax year, you should receive a W-2 in the mail detailing the earnings and tax payments. Independent contractors should receive a 1099-MISC from their employers.

In addition to bringing the documentation of your earnings from work, you also need to provide statements showing additional income. This includes 1099 forms related to earnings from investments (like dividends), Social Security income, unemployment compensation, distributions from education or health savings accounts, and business or rental income.

2. Proof of Expenses

If you’re itemizing deductions, or want to take certain tax credits, the accountant will need to see proof of the expenses. Some statements may be delivered in the mail. For example, if you’re paying off student loans, you’ll receive an interest statement for tax purposes.

Be prepared to provide detailed receipts related to charitable contributions, as well as moving, business, education, childcare, and medical expenses. Certain types of expenses, such as business and childcare, can be summarized, but it’s always best to have detailed documentation to avoid any potential problems if there are questions about the deductions. 

3. Previous Tax Return 

Tax returns vary from year to year, but providing a copy of the previous return, especially if you’re working with a new accountant, can provide some important information and save time. The accountant can pull information from the previous return to calculate deductions without having to check with you to confirm details, saving time. 

Doing taxes correctly requires providing detailed information to an accountant. The experts at Bergamo Tax & Financial Services in Watertown, CT, are ready to file your taxes properly and on time. This CPA firm is experienced and well-versed in current tax laws and strategies and will employ solutions to maximize the deductions and credits. To learn more about how they can simplify tax filing, visit them online. If you live in New Haven, Hartford, or Litchfield County, and would like to schedule a consultation with a CPA, call (860) 274-1655.