Income tax checklist 2016

INDIVIDUAL TAX RETURN CHECKLIST. The following income tax return checklist should be completed in conjunction with the preparation of tax reconciliation return work papers. Offer valid for tax preparation fees for new clients only.

What is tax deduction checklist? Wages, salaries and tips. Dividend income statements. Interest income statements. Sales of stock, lan etc. Alimony received or paid. Unemployment compensation received. Miscellaneous income.

However, if you weren’t in college and only received a W- you could skip those items on your tax documents checklist. See all full list on efile. Did you attach copies of all W-Forms and other statements to verify your North Carolina income tax withheld? Did you enter the correct amount of North Carolina income tax withheld on the return? Check to be sure you did not mistakenly enter your federal income tax withhel social security tax , or state tax withheld but paid to another state.

Tax Preparation Checklists. Tax season offers plenty of challenges especially when it comes to gathering up all that documentation that needs to be handy while working on your tax return. No Matter Where You Live!

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Industry-Specific Deductions. Get Every Dollar You Deserve. Health Insurance Premiums : post ‐ tax paid Number of Medial Miles Driven Long‐term care premiums Total amounts paid for Co‐pays to doctor, dentist, prescriptions, labs, x‐rays, glasses….

Dear Client: To prepare your tax return quickly and efficiently, we 2need to collect all required information. You can assist us by completing a few simple steps: 1. Please complete the attached checklist to ensure we have all information required. Cost of meals, accommodations, public transportation, and parking when volunteer work sends you far from home—if you pay for them out of your own pocket.

Hope and Lifetime Learning credits (a type of federal financial aid for college tuition that gives tax credit instead of tuition payment) Student loan interest. Investment-related expenses. Highlight the areas that apply to you, and make sure you have that information available.

Better yet, attach the list to a folder of your tax documents, and check items off as you add them to the folder. Before you start tax preparation: Download and print this checklist as a PDF. Place the checklist in a file folder, or attach it to the outside of the folder. As you receive or locate tax documents, place them in the folder and check them off the list.

Here’s a tax prep checklist most taxpayers might need to complete the job.