2017 Personal Tax Return Information Checklist

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Adrian Bailey
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2017 Personal Tax Return Information Checklist Taxpayer name: Tel. no. Email: PLEASE READ PRIOR TO GATHERING YOUR TAX INFORMATION The tax filing deadline is Tuesday, April 17, 2018.

The fee for an individual extension is $25 A signed engagement letter MUST be on file for tax preparation to start. Once can be obtained at: https://jasoncracecpa.

1 2017 Personal Tax Return Information Checklist Taxpayer name: Tel. no. PLEASE READ PRIOR TO GATHERING YOUR TAX INFORMATION The tax filing deadline is Tuesday, April 17, All info must be received by our office no later than Friday, March 30, 2018 OR AN EXTENSION WILL BE FILED! The fee for an individual extension is $25 A signed engagement letter MUST be on file for tax preparation to start. Once can be obtained at: tax filing season resources/. Signed electronic signature authorization forms MUST BE RECEIVED PRIOR to electronic filing. Once your returns are electronically delivered, please check your inbox or junk mail folder for notifications from Right Signature linking you to the forms for electronic signature. Call Christine or Dawn at if you have any issues. All invoices MUST BE PAID PRIOR to electronic filing your tax returns or the delivery of your paper returns for traditional filing. We prefer that you upload all tax documentation to our secured Citrix server for tax preparation. This can be done prior to your scheduled appointment or once you have received all of your tax info. If you need assistance with this process, please call Christine or Dawn at to set up your shared folder or receive an upload link. You can upload documents to our secured platform at any time using this link: If you choose to deliver paper tax documents to us we will return them shortly after the completion of your tax returns. A $10 charge will be added to your invoice to cover the cost of USPS Priority Mail so the tax returns can be tracked and located. 1

2 Tax Returns new clients only! Provide a complete copy of your 2016 Federal and State income tax returns Include depreciation schedules if you own business assets or rental property Personal Info Did you move during 2017? New address Date of birth for yourself, spouse and dependents Taxpayer Spouse Dependent #1 Dependent #2 Dependent #3 Dependent #4 Any new dependents for 2017? Full Name Date of Birth Social Security Number Full Name Date of Birth Social Security Number Banking information for direct deposit of your refund or ACH withdrawal for payment of your taxes due or include a cancelled check NOT A DEPOSIT SLIP! Bank name Routing number Account number PLEASE NOTE: IF A TAX FORM IS INDICATED IN THE CHECKLIST, WE MUST HAVE THAT FORM OR OTHER FORM OF SUPPORTING DOCUMENTATION FOR THE TAX PREPARATION PROCESS 2

3 Affordable Care Act Requirements for 2017 If you bought insurance from the marketplace, we must report and reconcile the premiums paid and the premium subsidies received on your tax return. Please provide the Form 1095 A that the marketplace sent you. If your insurance company or employer sent you a Form 1095 B or Form 1095 C, please provide the forms. We must report on your tax return and calculate a penalty, if you, your spouse, or any of your dependents did not have insurance for any full month in If you did not have insurance for each month of 2015, please provide details of insurance coverage for each family member by month. If you believe you qualify for an exemption to the penalty, please let us know. Exceptions to the health insurance requirement are explained at or call us for more information. Tax Forms Income Wages and/or unemployment benefits Form W 2 Interest income 1099 INT Dividend income 1099 DIV State and local income tax refunds from G Total alimony payments received and copy of the divorce decree Pension, annuity, or retirement income 1099 R Social Security Administration income 1099 SSA Pass through income from a partnership, S corporation, trust or estate Sch. K 1 Farm income and expenses Gambling and lottery winnings W 2G Gains Stock, bond, or mutual fund sales realized gain/loss report from your financial advisor or online investment account in Excel or CSV format 1099 B Closing Disclosure for any purchases or sales of real property in 2017 f/k/a HUD 1 Did you sell your principal residence in 2017? Date purchased Cost $ Improvements made to the house while you lived there $ 3

4 Self Employment/Small Business Please refer to our Business Tax Return Checklist if you have a business and are self employed for information on gathering your business tax information. If you use a vehicle in your business Auto #1 Auto #2 Description of the vehicle(s) Total miles driven during the year for each vehicle Total business miles driven During the year for each vehicle Rental Property Property #1 Property #2 Property #3 Rental income received $ $ $ Expenses o Advertising o Auto/travel expenses o Cleaning/maintenance o Commissions o HOA fees o Insurance o Legal/professional fees o Management fees o Mortgage interest Form 1098 o Real estate taxes o Repairs o Supplies o Utilities o Depreciation o Other o o 4

5 Miscellaneous Other/Income Health Savings Account distributions 1099 SA VERY IMPORTANT FAILING TO DISCLOSE YOUR HSA DISTRIBUTONS, EVEN IF THEY ARE NOT TAXABLE, WILL RESULT IN AN IRS NOTICE FOR UNPAID TAXES. Any income received outside of your principal job or self employed business that was reported to you Form 1099 MISC Include the form and explain the income: Cancellation of debt income Form 1099 C or 1099 COD Provide any details on the debt cancelled: Adjustments Educator expenses (teachers up to $250 deduction) Health Savings Account contributions 5498 SA Moving expenses not reimbursed by your employer only if you moved more than 50 miles as a part of a new job SEP IRA, Simple IRA, Roth, and traditional IRA contributions Form 5498 Health insurance premiums paid out of pocket not included in payroll on a W 2 Total alimony payments received and copy of the divorce decree Ex spouse name Ex spouse SSN: Student loan interest paid Form 1098 E Tuition and fees paid to a college or university 1098 T Deductions Medical, dental, and vision costs Medical, dental, and vision mileage Long term insurance costs Mortgage and home equity loan interest Form 1098 Real estate taxes paid 5

6 o If you did not escrow your taxes, please provide support for the real estate taxes you paid Automobile registration fees BMV fees paid on registration Charitable contributions o Total cash/check/credit card contributions made to qualifying charitable organizations o Total out of pocket expenses you incurred while volunteering for a qualified charitable organization o Total miles driven for charitable purposes o Non cash donations musts include: Name of recipient organization Address Description of item(s) donated Date donated Fair market value Date purchased or received Overall condition at time of donation Unreimbursed employment related expenses and unreimbursed mileage Prior year tax return preparation fee Investment expenses & account fees Support for any gambling losses only to the extent of your taxable winnings Legal fees NOT divorce or child support issues Costs for estate planning Credits Foreign taxes paid may be included on your brokerage account statement Dependent care provider, address, identification number, and total costs paid Education credits Form 1098 T Estimated Tax Payments Federal amount Date State amount Date Quarter 1 $ $ Quarter 2 $ $ Quarter 3 $ $ Quarter 4 $ $ 6

7 For Indiana Residents Renter s deduction Address of apartment Total amount of rent paid Total no. of mos. there Landlord s name Landlord s address Indiana 529 College Choice Plan credit include your plan s December 2017 statement or fill out the following: Account Number Total contributions made in 2017 $ Account Number Total contributions made in 2017 $ Account Number Total contributions made in 2017 $ Account Number Total contributions made in 2017 $ Charitable contributions made to an Indiana college or university Name of school Date contribution made Amount of contribution Name of school Date contribution made Amount of contribution Name of school Date contribution made Amount of contribution 7

8 Tax Planning for 2018 List of questions or concerns for Notes or comments on projected income for Notes or comments on any future ownership changes. If you are unsure, make a 2018 tax planning appointment. Yes, it will be a billable meeting, but could save you thousands in wasted tax dollars. If you have any questions or concerns, please call us at or e mail us: Jason Kate Dawn Christine jason@jasoncracecpa.com kate@jasoncracecpa.com dawn@jasoncracecpa.com christine@jasoncracecpa.com 8

Social Security Card(s) or Numbers for all family members listed on return.

Social Security Card(s) or Numbers for all family members listed on return. If you have your Social Security card, bring it with you to the appointment. If you have changed your name (due to marriage,