2017 Client Organizer

Information for Preparation of Individual Tax Returns 2017


This list is to provide a guideline” for items that we will review and utilize for the preparation of your personal taxes for this year.  This list is not meant to be all-inclusive. 

Please call us if you are unsure about an item or need further clarification.

If this is the first year Bausch & Associates is preparing your return, please bring your previous years Federal and State Returns.



Income Items

1. Current Year W2’s and/or 1099 income for all jobs


2. 1099R for pensions and IRA distributions


3. Interest income from banks, Credit unions, Life Insurance Policies. etc


4. Dividend income


5. Did you sell any stocks or bonds? (This includes non-qualified stock options)

a. Purchase date and price

b. Sale date and price

6. State of Georgia and/or other state refunds

7. Business Income and expense

a.Categorize expenses and total each category

(such as cell phone, office supplies, advertising, travel, meals, etc.)

b.Purchases/Goods for the production of business

c.List and Date equipment separately

(such as faxes, copiers, computers, computer software, etc.)

d.Business mileage-total by month

8. Rental Property Income and expensetotal 

a.Categorize expenses and total each category

(such as cell phone, office supplies, advertising, travel, meals, etc.)

b.Purchases/Goods for the production of business

c.List and Date equipment separately

(such as faxes, copiers, computers, computer software, etc.) 

d.Business mileage-total by month

9. Social Security 1099 (if you are receiving benefits)

10. Gambling Proceeds 1099 and loss statement

11. Scholarships and grants

12. Other Income, i.e.

Proceeds from lawsuits

Alimony
Debt forgiveness-credit cards, mortgage debt relief

13. IRS notices /State notices


Tax Items


14. Estimated federal and state tax payments made for the year.Please provide a written record or your canceled checks.


15. Deductible and nondeductible IRA contributions


16. Roth IRA contributions


17. Moving expenses


18. Dependent Care Expenses


19. Student Loan Interest


20. Expenses for elementary and secondary school teachers


21. Distributions from Individual Retirement Plans for charitable purposes 


22. Contributions/Distributions from HSA’s


Deductions


23. Medical expenses incurred, i.e. (from your pocket)

*Health Insurance & expenses (don’t forget chiropractic and eye care)

*Dental Insurance & expenses

*Long-term Care- medical insurance

*Mileage connected with all forms of health care (break down by month)

*Lab fees, X-Rays, other medical tests

*Medical Equipment-prescribed & rented

*Total for each category

*Include the 1095 A, B, or C


24. Taxes

Property taxes

Ad valorem Tax

Any other property taxes

Sales Tax on 2016 purchases (please total receipts)

Sales Tax on purchase of Vehicles, boats, RV’s etc. 

Sales Tax on Qualified Motor 

Bill of Sale - Title Ad Valorem Tax


25. Mortgage Interest

Mortgage interest (first and second)

Settlement statements for new or refinanced mortgages

Settlement statements for sale of home (when it was purchased and sold)

Deduction for home mortgage insurance premiums.


26. Cash contributions to any organization 

Church/religious organizations

Children welfare programs 

Girl Scout cookies and similar contributions

Animal & Wildlife Welfare programs

Volunteer expenses: Mileage, Uniforms for Hospital Volunteers, etc.


27. Non cash contributions, i.e. (please provide values)

ClothingItems donated to food pantries

Household items


28. Miscellaneous deductions for 2017

Business expenses

Tools

Professional accreditation

Uniform expenses, maintenance

Safety Equipment

Continuing education expense (including mileage, break down by month)

Investment expenses

Investment journals-magazines

Teaching expenses 

Business mileage 

Other Miscellaneous Deductions
Investment Expense
Accounting fees
Clerical help
Custodial fees, such as for Trust Accounts
Safe Deposit Box


Higher Education Expenses & Credits


29. Qualified Tuition Payments

(We must have the 1098-T in order to take the credit )


30. Books/computer purchases

a. For American Opportunity Credit---

books and other supplies are not required to 

be purchase from the educational institution.

b. For the Life Time Learning Credit---

books and other supplies must be purchased
from the educational institution in orderto be included in the educational credit.


Energy Credits


31. Residential Energy Efficient Property Credit

a. Solar water heating

b. Solar electric power

c. Small wind systems

d. Geothermal heat pumps

e. Fuel cell


Taxpayer Responsibilities


You agree to provide us all income and deductible expense information.If you receive additional information after we begin working on your return, you will contact us immediately to ensure your completed tax returns contain all relevant information.Further, you must be able to provide written records of all items included on your return if audited by either the IRS or State Tax Authority.