2014-02-21 / Front Page

Tax Preparation Checklist 2013

Whether you have your taxes prepared for free by the Fort Gordon Tax Center or you do them yourself this checklist will prove helpful. Using the wrong information is the biggest mistake made every year. Make sure to check and double-check your information.

Personal Information

Social Security Number – for you, your spouse and dependents
Date of Birth – for you, your spouse, and dependents
Copy of last year’s tax return
Your Electronic Filing PIN used on last year’s tax return
Bank account and routing number to direct deposit your refund

Personal Income

Wages, Salary, Tips (W-2 Forms)
Unemployment (1099-G)

Investment Income

Interest - savings account, money market account, mutual funds, etc. (1099-INT)
Dividends – stocks or mutual funds (1099-DIV)
Capital Gains (Loss) – sale of stocks, bonds, mutual funds, real estate, collectibles, etc. (1099-B or broker statements)
Capital Loss Carryover –(last year’s Schedule D – Capital Gains and Losses)
Undistributed Capital Gains – Regulated Investment Company’s or Real Estate
Investment Trusts (Form 2439)

Retirement Income

Social Security benefits (SSC-1099)
Individual Investment Accounts, 401k, 403b, or pension distribution (1099-R)
2013 IRA Conversion – If you converted an IRA, pension, 401k or 403b to a Roth
IRA in 2013 taxes are due on the converted amount

Miscellaneous Income

Rental income and expense statement
Health Savings Accounts (1099-SA)
Gambling winnings
Alimony income
Jury Duty
Business income and sale
Farm income
Partnerships, S Corps, Estates and Trusts (K-1)
State and local tax refund (1099-G)

Deductions and Credits

There are a few deductions and credits available to help lower your taxes. This includes eligible expenses for itemized deductions. Keep all related documents to get the full deduction or credit.


Mortgage interest and points you paid (Form 1098)
Property Taxes (real estate tax bill)
Mortgage Insurance (Form 1098)
Moving Expenses
Energy-Efficient Improvements – receipts of Energy Star approved products, e.g.
windows, doors, insulation, appliances


Cash Donations (receipt from the charity)
Item Donations – cars, clothes, household items (receipt from the charity and/or
Form 8283)


Student Loan Interest Paid – deduct up to $2,500
Education Expenses – there are several education credits and deductions for
those pursuing post high school educations (receipts for tuition, books, and fees)

Family Costs

• Child and Dependent Care Costs – includes day care, nursery school, day camps
(care provider’s name, address, tax ID or Social Security number and amount
• Adoption Expenses – Social Security number of child, any legal, medical and
travel expenses


Medical and Dental Expenses – includes treatment, doctor visits, drugs (receipts
for all medical expenses)
Medical Insurance Premiums
Health Savings Account Contributions


Personal Property Tax – includes Vehicle Registration Fees
Sales Tax – best for big-ticket items like a boat, car, home renovation (receipt of all
Estimated Taxes – if you make estimated tax payments (Form 1040-ES)
Foreign Taxes (statement showing foreign taxes paid)

Retirement Contributions

• Traditional and Roth IRA Contributions – make IRA contributions up to the April
deadline, check the 2013 IRA contribution and deduction limits
• 401k, 403b, and Pension Contributions –check the 2013 401k contribution limits
• Keogh, Simplified Employee Pension Plan, Simple 401k self-employment plan

Other Expenses

• Investment Expenses – includes safe deposit box, investment advisor, custodial
fees, and transaction costs
• Job Related Expenses – (travel costs, uniforms, union dues, job hunting costs,
• Teacher and Educator Expenses –teachers grades K-12 can deduct non-reimbursed supplies for the classroom (receipt for all items)
• Tax Preparation Fees – includes cost of accountants, tax software, and postage
• Casualty and Theft – stolen or damaged property from accident, storm, fire, flood,
etc. (police report, insurance claim, documents showing fair market value of item)
• Alimony Payments
• Legal Fees – related to employment, business, or taxable income (legal bills)

Once your tax return is finished, you will need to keep your tax records in a safe place. Audits are just one reason, loans and insurance applications often ask for prior year income history too. You can easily make a digital copy of everything and save it to a backup hard drive or online storage for safe keeping.

(Source: http://novelinvestor.com/taxes/tax-preparation-checklist)

Return to top