Preparing for Tax Preparation – Belk on Business – Episode 155
1) Any changes in family status
2) Change in job
3) Change in address
4) Unemployment
5) Retirement contribution or distribution or rollover
6) Social security benefits
7) Bought and/or sold stocks, bonds, mutual funds, etc
8) Virtual currency/cryptocurrency
9) Distribution from inheritance or trust
10) Made or received any gifts over $16,000
11) Property purchased, traded or sold
12) Business records
13) Lawsuit settlements or prizes received, lottery or gambling income
14) Rental income/expenses
15) Health insurance paid, marketplace, medical, dental and drug expenses, medical mileage by month
16) State income tax paid, property taxes, sales tax/excise tax paid on vehicles
17) Home mortgage interest
18) First time homebuyer that took distribution from IRA or repayment/recapture of 2008 credit if home has been sold or change in use
19) Charitable contribution information
20) Educational expenses
21) Student loan interest paid
22) Child or care for disabled dependent
23) Energy credit
24) Bankruptcy
25) Debt forgiveness or property abandonment
26) Any correspondence from the IRS or state
27) Information on foreign accounts
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