Income Tax Guide and Organizer for 2017

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Income Tax Guide and Organizer for 2017 Email: rwa@blueriver.net Web site: www.rwataxservice.com phone: 812.586.

1 Income Tax Guide and Organizer for Web site: phone: Before doing the booklet, please print out or read the informational sheet as it has valuable information regarding taxes, reporting, and needed information. Contact Info (give full names) Attach sheet if necessary do not assume we have this information First name M.I. Last name Self SSN DOB First name M.I. Last name Spouse SSN DOB First name M.I. Last name Claim as dependent Relationship SSN DOB First name M.I. Last name Claim as dependent Relationship SSN DOB First name M.I. Last name Claim as dependent Relationship SSN DOB First name M.I. Last name Claim as dependent Relationship SSN DOB First name M.I. Last name Claim as dependent Relationship SSN DOB County Street City State Zip Home Phone Work Phone Cell Phone Filer s occupation and employer Spouse s occupation and employer Send a copy of your driver s license or include information listed here: (most states are requiring this information for security reasons. Name D. L. Number Issue date Expiration date State Name D. L. Number Issue date Expiration date State 1 Religious Workers Association Workbook (Tax Year 2017)

2 If you listed a child who is over age 19 they must be either disabled or a full-time student to be claimed. Why did you list them? There are 5 test that must be met to claim a dependent. Direct Deposit Fill out to get direct deposit: (If not filled out and getting a refund, expect a refund check from the IRS) Is it a checking account or savings account? Bank routing number Bank account number Moving (only fill this out if you moved in 2017) Did you move this year (2017)? (50-mile minimum to meet IRS criteria) Number of miles from old home to old workplace Number of miles from old home to new workplace Miles Miles Date of move Total distance Moving Expenses List all unreimbursed moving expenses (food is not a deduction) Education: Truck rental Fuel Lodging during move Packing expenses Storage of goods Insurance List Other: List Other: Do not include any expenses paid for by your new employer. Education Provide 1098-T actual amount paid for tuition, amount paid for fees, books, lab equipment. 2 Religious Workers Association Workbook (Tax Year 2017)

3 Child and dependent care Personal Expenses Provider EIN/SSN Address Total Was everyone covered by Affordable Care Act approved health insurance for 2017? If not explain. IRS requires a form 1095 A, B, or C. If you had an H S A we need forms 5498 and 1099 SA. Medical and Dental deductions (unreimbursed) Prescription drugs Doctors and dentist Hospitals/Clinics Lab/X-ray Glasses/hearing aids/braces/etc. Medical equipment and supplies Medical mileage Miles Parking fees Lodging for medical Health insurance premiums (do not include Medicare premiums) Other: Other: Taxes Home Real estate tax only Personal property: (Excise tax not tags) describe Interest Paid List any other qualified interest paid not reported on What is it? Gifts and contributions (501 (c) iii or churches only not individuals) Church offering List Other: List Other: List Other: RWA fees/dues paid in 2017? Other preparer? 3 Religious Workers Association Workbook (Tax Year 2017)

4 Causality or Theft losses Loss Description: Estimated Payment of Taxes Did you make an estimated payment for 2017 tax year? If yes, list date and amount of each payment: Federal Date Amount Date Amount Date Amount Date Amount State (list states if different states) Date Amount Date Amount Date Amount Date Amount Unreimbursed Business Expenses (if reporting for spouse add another sheet) Please list all expenses that you had in doing your job that were not included in your expense account. This is the unreimbursed expense that you incurred by doing ministry or your profession. A reimbursable expense best serves your tax situation because your reimbursable expense account is not reported as income. Also unreimbursed expenses are never dollar for dollar deductions. If you have questions regarding the IRS s guidelines on this, contact Religious Workers Association. Vehicle (Report only mileage and info that are unreimbursed business expenses) (Fill out completely only unreimbursed mileage. Do not report mileage previously reported.) Car expenses Vehicle #1 Vehicle #2 Vehicle #3 Type of vehicle Date purchased (m/d/y) Total miles driven 2017 Business miles driven 2017 Parking fees/tolls Was your vehicle available for personal use during off-duty hours? Do you or your spouse have another vehicle available for personal use? Do you have written evidence of your deduction? 4 Religious Workers Association Workbook (Tax Year 2017)

5 Travel expenses (unreimbursed) Auto rental Lodging Airlines Tolls Food Cabs List Other: Professional dues Other expenses (unreimbursed) It is best to have a reimbursable expense account! Note: You cannot claim 100% of the expense for use of phone, cell phone, computer, etc. because all have personal use possibilities. If truly a business expense, have your employer pay for the item directly. List all expenses incurred that were not reimbursed and not included in Housing Allowance. Office supplies Professional books Entertainment Business gifts Continuing Education Phone (business use) Fees (not RWA) Cell (business use) Internet (business use) List Other Equipment (list) List Other Did you contribute to an IRA in 2017 Traditional You Spouse Any other financial or tax information that you would like to add? Roth 5 Religious Workers Association Workbook (Tax Year 2017)

6 Rental Property (rental property owned in 2017) Address of rental property: Property type: Single-family Multi-family Commercial Land Self-Rental Other Rental Property revenue for 2017 Fair rental days # Did you have a rental property in 2014 but sold in 2017? (If yes, attach sheet) Rental Expenses: Mortgage interest Real Estate Taxes Travel record mileage in table below (record only the mileage associated with your rental property) Cleaning/Maintenance Insurance Management fees Commissions Utilities Advertisement Repairs Legal/Professional fees HOA Payment: Supplies Other: Date purchased property? Your purchase price? Date first rented out? Other? If you had mileage regarding your rental, then fill in the table below: Mileage expense for rental property only: (Fill out completely only if you had unreimbursed mileage regarding the rental property) Car expenses Vehicle #1 Vehicle #2 Vehicle #3 Type of vehicle Date purchased (m/d/y) Total miles driven 2017 Business miles driven 2017 Parking fees/tolls Was your vehicle available for personal use during off-duty hours? Do you or your spouse have another vehicle available for personal use? Do you have written evidence of your deduction? 6 Religious Workers Association Workbook (Tax Year 2017)

7 Business (complete if you owned a business in 2017) Name of business Type of business Address of business Sole propriety Incorporated Non-profit Employer Id # Inventory at beginning of year: Gross income: Inventory at end of year: Total cost of merchandise purchased less cost of items withdrawn for personal use: Did you make any payments that would require you to file a 1099? List all expenses you had in this business: Yes No Source Amount Source Amount Advertising Office expense Car and truck expenses (see instructions) Pension and profit-sharing plans Commissions and fees Rent or lease - Vehicles, machinery, and equipment Contract labor Rent or lease - Other business property Depletion Repairs and maintenance Depreciation and section 179 Supplies expense deduction Employee benefit programs Taxes and licenses Insurance (other than health) Travel Interest: Mortgage (paid to Deductible meals and banks, etc.) entertainment Interest: Not Mortgage Utilities Legal/professional services Wages Other: list Other: list Method(s) used to value closing inventory: Cost Lower of cost or market Other (attach explanation) Was there any change in determining quantities, costs, or valuations between opening and closing inventory? If Yes, attach explanation 7 Religious Workers Association Workbook (Tax Year 2017)

8 Mileage for your Business (report only unreimbursed mileage) Not ministry! If you claim mileage for your business then fill out the table below: (Fill out completely only if you had unreimbursed mileage. Do not fill out if mileage was paid out of an expense account.) Car expenses Vehicle #1 Vehicle #2 Vehicle #3 Type of vehicle Date purchased (m/d/y) Total miles driven 2017 Business miles driven 2017 Parking fees/tolls Was your vehicle available for personal use during off-duty hours? Do you or your spouse have another vehicle available for personal use? Do you have written evidence of your deduction? List any other information 8 Religious Workers Association Workbook (Tax Year 2017)

9 Preacher s Section (fill out this section only if you are a minister) Exemption: If you are a preacher, are you exempt from social security? Exemption (you must have an approved 4361 from the IRS to claim exemption) Income - Funerals, Weddings, Revivals, Etc. Total income from funerals, weddings, revivals, etc. (no 1099-MISC) Expenses - Funerals, Weddings, Revivals, Etc. List all unreimbursed or expenses you had in doing weddings, funerals, revivals (only). Though you get paid to perform these services you can still report expenses you incurred. If you have mileage then fill out the table below with vehicle info Car Rental Lodging Food Business Gifts Other: Laundry Other: Supplies If you have mileage for weddings, funerals, meetings, etc. provide info below (if you claim this then all boxes are required if applicable). Only report mileage for funerals, weddings, gospel meetings, revivals, etc. here. You report other business mileage in other sections of the booklet. Mileage Only report here the mileage for weddings, funerals, and revivals here Car expenses Vehicle #1 Vehicle #2 Vehicle #3 Type of vehicle Date purchased (mm/dd/yyyy) Total miles driven 2017 Business miles 2017 Parking fees/tolls Was your vehicle available for personal use during off-duty hours? Do you or your spouse have another vehicle available for personal use? Do you have written evidence of your deduction? 9 Religious Workers Association Workbook (Tax Year 2017)

10 List all other income: (do not include weddings, funerals, etc., here) Housing (All information required if you have a housing allowance) Where do you live? Parsonage Own Rent Do you have a written agreement stating your housing allowance? How much was your agreed upon housing allowance for 2017 (annual figure)? How much of the allowance did you use? (Annual figure) What is the fair rental value of your home, plus utilities, taxes, furnishings? Example: Value of home x 1% x 12 + utilities, taxes, furnishings, etc. (approved formula) 150,000 (home) x 1% = 1,500 x 12 = 18, ,000 (utilities, furnishings.) = 26,000 FRV - Fair Rental Value Our privacy policy As your tax preparer, we collect information provided by you and this information comes from a variety of sources. We are required to keep this information confidential and to not disclose it to third parties unless we have your approval or are required/permitted to disclose it by law. We are committed to the safekeeping of your confidential information and we maintain physical, electronic and procedural safeguards to protect your information. Considerations: By signing this you are stating that you have provided Religious Workers Association with not only all the pertinent information but it is accurate to the best of your knowledge. Signature Date 10 Religious Workers Association Workbook (Tax Year 2017)

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