Convergence Tax



2019 TAX PREP CHECKLISTUse the checklist below to find the documents and forms you’ll need to get started.PERSONAL INFORMATION______ Your social security number or tax ID number______ Your spouse’s full name and social security number or tax ID numberDEPENDENTS/HOUSEHOLD INFORMATION_____ Dates of birth and social security numbers or tax ID numbers______ Childcare records (including the providers tax ID number & address if applicable______ Income of other adults in your home______ Form 8332 showing that the child’s custodial parent is releasing their right to claim a child to you, the noncustodial parent (if applicable) SOURCES OF INCOMEEMPLOYED______ W-2 FormsUNEMPLOYED______ Unemployment (1099-G)SELF-EMPLOYED______ Forms 1099, Schedules K-1, income records to verify amount not reported on 1099’s______ Records of all expenses – check registers or credit card statements, and receipts______ Business-use asset information (cost, date placed in service, etc.) for depreciation______ Office in home information, if applicableRENTAL INCOME______ Records of income and expenses______ Rental asset information (cost, date placed in service, etc) for depreciationRETIREMENT INCOME_____ Pension/IRA/annuity income (1099-R)______ Traditional IRA basis (i.e., amounts you contributed to the IRA that were already taxed)SAVINGS & INVESTMENTS OR DIVIDENDS______ Interest, dividend income (1099-INT, 1099-OID, 1099-DIV)______ Income from sales of stock or other property (1099-B, 1099-S)______ Dates of acquisition and records of our cost or other basis in property you sold (if basis is not reported on 1099-B)______ Health Savings Account and long-term care reimbursement (1099-SA or 1099-LTC)______ Expenses related to your investmentsOTHER INCOME & LOSSES______ Gambling Income/Losses______ Jury Duty Records______ Hobby Income and expenses______ Prizes and awards______ Trusts______ Royalty Income (1099-MISC)______ Any other 1099’s received______ Record of alimony paid/received with ex-spouse’s name, SSN, divorce dateTYPES OF DEDUCTIONSHOME OWNERSHIP______ Forms 1098 or other mortgage interest statements______ Real Estate and personal property tax records______ Receipts for energy-saving home improvements (e.g., solar panels, solar water heater)CHARITABLE DONTIONS______ Cash amounts donated to houses of worship, schools, other charitable organizations______ Records of non-cash charitable donations______ Amounts of miles driven for charitable or medical purposesMEDICAL EXPENSES______ Amounts paid for healthcare insurance and to doctors, dentists, hospitalsHEALTH INSURANCE______ Form 1095-A if you enrolled in an insurance plan through the Marketplace (Exchange)______ Form 1095-B and/or C if you had insurance coverage through any other source (e.g., an employer, insurance company, or government health plan such as Medicare, Medicaid, CHIP, TRICARE, VA, etc.)EDUCATIONAL EXPENSES______ Forms 1098-T, tuition statements from educational institutions______ Receipts that itemize qualified educational expenses______ Records of any scholarships or fellowships you receive______ Form 1098-E if you paid student loan interestK-12 EDUCATOR EXPENSES______ Receipts for classroom expenses (for educators in grades K-12)STATE & LOCAL TAXES______ Amount of state/local income tax paid (other than wage withholdings), or amount of state and local sales tax paid______ Invoice showing amount of vehicle sales tax paidRETIREMENT & OTHER SAVINGS______ Form 5498-SA showing HAS contributions______ Form 5498 showing IRA contributionsTAX PAYMENTS______ Record of estimated tax payments made______ Prior year state tax refundsMINNESOTA ONLY______ Long Term Care Insurance Premiums (company and account number)______ 529 Contributions (company and account number)______ 529 Distributions Form 1099-Q______ K-12 Classroom supply expenses or homeschool supplies______ K-12 Private Tuition______ Renters Credit Form CRP______ Donation to the MN Wildlife Fund ................
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