Monday, March 1, 2010

Prepare for 2009 taxes

Have these documents ready for your 2009 Taxes:

-Your tax return from 2008 and the cost of preparing it, if prepared by someone other than yourself

-Any forms that have W-2, 1098, 1099 etc. printed on them

-The total amount of local and state taxes you paid in 2009

-All relevant social security numbers and birthdates required on your tax return (children, spouse, other dependents etc.)

-Documentation of all contributions you made to retirement plans or IRAs

-Any expenses related to your investments

-The purchase date and total investment in all stocks or other property you sold

-Records of additional income, such as rental property, a hobby, jury duty, alimony, gambling etc.

-Expense and income documentation for work that is not already shown on your W-2 or 1099

-Income from unemployment and expenses related to your job search, if applicable

-Expenses related to your job, such as publications, travel, tools, dues, uniform etc.

-Records for personal property tax, real estate and mortgage interest

-Total miles driven for medical purposes or charitable purposes

-Non-cash charitable donation records

-Amounts donated to charitable organizations, schools and religious establishments

-Documentation to support higher education and childcare costs

-Amounts paid for health care insurance and also to doctors, hospitals etc.

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