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Lenore Solis & Associates
Tax Preparation

WHAT TO BRING TO YOUR TAX PREPARATION APPOINTMENT:

MAKE SURE YOU KNOW THE NAME, DATE OF BIRTH & SOCIAL SECURITY NUMBER FOR EACH PERSON LISTED ON YOUR TAX RETURN. THE INFORMATION MUST MATCH THE SOCIAL SECURITY ADMINISTRATION RECORDS OR THE E-FILED RETURN WILL BE REJECTED & YOUR REFUND WILL BE DELAYED.

E-file & Direct Deposit or Payment of Taxes from your bank checking or savings account - Please bring the CORRECT bank routing and account number, this information cannot be corrected after the return is e-filed.

WAGE & EARNINGS INFORMATION: 

If you work bring your W-2 forms, 1099-Misc forms, etc. - You are required to report active income (you materially participated in earning the $) and passive income like interest you earn on money in a savings account or dividends.

If you are retired you must bring your Social Security Benefit Statement form SSA-1099, 1099-R, etc.

These are the types of forms that you will receive in January & February, you should save these forms and bring them to your tax preparation appointment: 

Form 1098 Mortgage Interest Statement, Form 1099-DIV Dividend Income, Form 1099-INT Interest Income, Form 1099-R Retirement Income, IRA Form 5498, Form 1098-T Student Tuition, Form 1098-E Student Loan Interest, forms for early distribution from an IRA, 401K, Pension, Profit Sharing, etc.




If you have rental income and will prepare a Schedule E you must bring the income and expense information for each rental property.

If you will prepare a Schedule A you  must bring information regarding your property taxes, medical expenses, health insurance premiums you have paid, employee business expenses, union dues, tax preparation fee paid the prior year, information for your charitable donations - both monetary and donated items, points paid on a mortgage loan, new car sales tax, and vehicle license fees paid to the DMV. 

AUTOMOBILE EXPENSES: It is very important to maintain a daily record of your Business Mileage.  You must know the total miles driven for the year and the total business miles driven. You can deduct the business miles driven or the actual vehicle expenses whichever is to your benefit.  You must have written evidence to support this deduction.
BUSINESS EXPENSES: You should review your bank and credit card statements together with all of the receipts that you have saved.  Categorize and total everything.  Bring the category totals to your appointment. 

FORM 2441 - DEPENDENT & CHILD CARE EXPENSES: If you pay a person or facility to care for your children all day or before and after school you need to bring the complete name of the person or facility, address, phone number and social security number or tax identification number.


From IRS.gov:

Five Important Facts about Dependents and Exemptions
 

TAX TIP 

When you prepare to file your tax return, there are two things that will factor into your tax situation: dependents and exemptions. Here are five important facts the IRS wants you to know about dependents and exemptions before you file your 2009 tax return.

  1. If someone else claims you as a dependent, you may still be required to file your own tax return. Whether or not you must file a return depends on several factors, including the amount of your unearned, earned or gross income, your marital status, any special taxes you owe and, any advance Earned Income Tax Credit payments you received.

  2. Exemptions reduce your taxable income. There are two types of exemptions: personal exemptions and exemptions for dependents. For each exemption you can deduct $3,650 on your 2009 tax return. Exemption amounts are reduced for taxpayers whose adjusted gross income is above certain levels, depending on your filing status.

  3. If you are a dependent, you may not claim an exemption. If someone else – such as your parent – claims you as a dependent, you may not claim your personal exemption on your own tax return.

  4. Your spouse is never considered your dependent. On a joint return, you may claim one exemption for yourself and one for your spouse. If you’re filing a separate return, you may claim the exemption for your spouse only if they had no gross income, are not filing a joint return, and were not the dependent of another taxpayer.

  5. Some people cannot be claimed as your dependent. Generally, you may not claim a married person as a dependent if they file a joint return with their spouse. Also, to claim someone as a dependent, that person must be a U.S. citizen, U.S. resident alien, U.S. national or resident of Canada or Mexico for some part of the year. There is an exception to this rule for certain adopted children. See IRS Publication 501, Exemptions, Standard Deduction, and Filing Information for additional tests to determine who can be claimed as a dependent.

For more information on exemptions, dependents and whether or not you or your dependent needs to file a tax return, see IRS Publication 501. The publication is available on IRS.gov or can be ordered by calling 800-TAX-FORM (800-829-3676). 

  • DISCLAIMER: This information is deemed accurate, however, you should verify ALL the information with a tax professional or the IRS. Changes to the tax code are frequently and sometimes unintelligible. Go to the IRS.gov website.

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