William Penn Life, 2003 (38. évfolyam, 1-12. szám)

2003-03-01 / 3. szám

MoneywiSe

A tax preparation checklist

Before preparing your return, it pays to gather all your information first

from www.hrblock.com Having the right information at hand is half the battle when doing your taxes. The folks at H & R Block have created the following checklist to help you gather your important personal, employment, residential and financial information. You can avoid multiple trips to your tax professional by getting it all together now.

Personal Data

□ Social Security Numbers (including spouse and children)

□ Child care provider: Name, address and tax I.D. or Social Security Number

□ Alimony paid: Social Security Number

Employment & Income Data

□ W-2 forms for this year

□ Unemployment compensation: Forms 1099-G

□ Miscellaneous income including rent: Forms 1099-MISC

□ Partnership, S Corporation, & trust income: Schedules K-l

□ Pensions and annuities: Forms 1099-R

□ Social Security/RR1 benefits: Forms RRB-1099

□ Alimony received

□ Jury duty pay

□ Gambling and lottery winnings

□ Prizes and awards

□ Scholarships and fellowships

□ State and local income tax refunds: Form 1099-G

Homeowner/Renter Data

□ Residential address(es) for this year

□ Mortgage interest: Form 1098

□ Sale of your home or other real estate: Form 1099-S

□ Second mortgage interest paid

□ Real estate taxes paid

□ Rent paid during tax year

□ Moving expenses

□ Interest income statements: Form 1099-INT & 1099-OID

□ Dividend income statements: Form 1099-DIV

□ Proceeds from broker transactions: Form 1099-B

□ Retirement plan distribution: Form 1099-R

Financial Liabilities

□ Auto loans and leases (account numbers and car value) if vehicle used for business

□ Student loan interest paid

□ Early withdrawal penalties on CDs and other time deposits

Automobiles

□ Personal property tax information

Expenses

□ Gifts to charity (qualified written statement from charity for any single donations of $250 or more)

Money Links

For more information and help on preparing your income tax return, log onto the website of H & R Block at:

O www.hrblock.com

□ Unreimbursed expenses related to volunteer work

□ Unreimbursed expenses related to your job (travel expenses, uniforms, union dues, subscriptions)

□ Investment expenses

□ Job-hunting expenses

□ Job-related education expenses

□ Child care expenses

□ Medical Savings Accounts

□ Adoption expenses

□ Alimony paid

□ Tax return preparation expenses and fees

Self-employment Data

□ Business income: Forms 1099-MISC and/or own records

□ Partnership SE income: Schedules K-l

□ Business-related expenses: Receipts, other documents & own records

□ Farm-related expenses: Receipts, other documents & own records

□ Employment taxes & other business taxes paid for current year: Payment records

Mise. Tax Documents

□ Federal, state & local estimated income tax paid for current year: Estimated tax vouchers, cancelled checks & other payment records

□ IRA, Keogh and other retirement plan contributions: If self-employed, identify as for self or employees

□ Records to document medical expenses

□ Records to document casualty or theft losses

□ Records for any other expenditures that may be deductible

□ Records for any other revenue or sales of property that may be taxable or reportable

Copyright 2000-2003 H & R Block. All Rights

Reserved.

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Williia Pen Life, March 2003