BUSINESS

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WHAT TO BRING FOR BUSINESS TAX SUPPORT

Below is a list of common forms and information needed for tax preparation. Please review the list and bring the items that are applicable to you. To prepare for your appointment, please complete the relevant forms (Personal, Business and/or Rental Property) and bring those with you.

For Reporting Income

Form W-2 – Wages and Tax Statement
From W-2 G – Gambling Winnings
Form SSA-1099 – Social Security Benefit Statement
From 1099-R – Retirement
From 1099-G – Unemployment Income
From 1099-DIV – Dividends on Investments
Form 1099-B – Sale of Stocks
Form 1099-Int – Interest Earned on Savings, Checking, Savings Bonds, etc.
Form 1099-NEC – Self-Employment Income
1099-Misc – Rental Income, Royalties, Other Income
From 1099-K – Income from Self-Employment
Form 1099-C – Cancellation of Debt
Form K-1 -Investments (Report the income, losses, and dividends of a business’ or financial entity’s partners or an S corporation’s shareholders)
Letter 6419, 2021 Total Advance Child Tax Credit Payments (to reconcile advance Child Tax Credit payments)
Letter 6475, Your 2021 Economic Impact Payment (to determine eligibility to claim the Recovery Rebate Credit)
Form 1095-A, Health Insurance Marketplace Statement (to reconcile advance Premium Tax Credits for Marketplace coverage)
Other Income Documents and Records of Virtual Currency Transactions

For Deductible Expenses

From 1098 – Mortgage Interest
Property Tax Paid
Charity Statements from Cash or Check donations (church, Red Cross, any 501(c)3 organization)
Receipts for Items Donated (Spring Dell, Salvation Army, etc.)
From 5329 – IRA Contributions
Large Out-of-Pocket Medical Expenses
Form 1098-T – College Tuition Expense
Receipts for Cost of College Books
From 1098-E – Student Loan Interest
MD 529 Plan Contributions
Daycare Expenses