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Be Prepared for Your Tax Preparer

Information Needed for Preparation of Individual Tax Returns for Tax Year 2021

This list is a guideline for items that we will review and use for the preparation of your personal taxes for this year. Any other information you feel may affect your return, please notate, and include with your information.

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


New for 2021

“Corona Virus Aid, Relief & Economic Security Act”

Did you receive the 3rd economic impact payment? If so, how much?

Did your business have any PPP loan amounts forgiven? If so, how much?

Did you receive the “Advance Child Tax Credit? If so, how much for each child?

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)
    1. Purchase date and price
    2. Sale date and price
  6. State of Georgia and/or other state refunds
  7. Rental Property Income and expense total
    1. Categorize expenses and total each category (such as cell phone, office supplies, advertising, travel, meals, etc.)
    2. Purchases/Goods to produce business
    3. List and Date equipment separately (such as fax machines, copiers, computers, computer software, etc.)
    4. Business mileage by month
  8. Social Security 1099 (if you are receiving benefits)
  9. Gambling Proceeds 1099 and loss statement
  10. Scholarships and grants
  11. Other Income such as:
    1. Proceeds from lawsuits
    2. Alimony
    3. Debt forgiveness-credit cards, mortgage debt relief
  12. IRS notices /State notices

Tax Items

  1. Estimated federal and state tax payments made for the year. Please provide a written record or your canceled checks.
  2. Deductible and nondeductible IRA contributions
  3. Roth IRA contributions
  4. Moving expenses
  5. Dependent Care Expenses
  6. Student Loan Interest
  7. Expenses for elementary and secondary school teachers
  8. Distributions from Individual Retirement Plans for charitable purposes
  9. Contributions/Distributions from HSA’s


  1. Our-of-pocket medical expenses incurred, such as:
    1. Health Insurance & expenses (don’t forget chiropractic and eye care!)
    2. Dental Insurance & expenses
    3. Long-term Care - medical insurance
    4. Mileage connected with all forms of health care (break down by month)
    5. Lab fees, X-Rays, other medical tests
    6. Medical Equipment - prescribed & rented
    7. Total for each category
    8. Include the 1095 A, B, or C
  2. Taxes
    1. Property taxes
    2. Ad valorem Tax
    3. Any other property taxes
    4. Sales Tax on 2016 purchases (please total receipts)
    5. Sales Tax on purchase of Vehicles, boats, RV’s etc.
    6. Sales Tax on Qualified Motor
    7. Bill of Sale - Title Ad Valorem Tax
  3. Mortgage Interest
    1. Mortgage interest (first and second)
    2. Settlement statements for new or refinanced mortgages
    3. Settlement statements for sale of home (when it was purchased and sold)
    4. Deduction for home mortgage insurance premiums.
  4. Cash contributions to any organization. (Must have receipts/ documentation)
    1. Church/religious organizations
    2. Children welfare programs
    3. Girl Scout cookies and similar contributions
    4. Animal & Wildlife Welfare programs
    5. Volunteer expenses: Mileage, Uniforms for Hospital Volunteers, etc.
  5. Values of noncash contributions such as:
    1. Clothing
    2. Items donated to food pantries
    3. Household items

Higher Education Expenses & Credits

  1. Qualified Tuition Payments
    (We must have the 1098-T to take the credit and the transcript of the student’s account.)
  2. Books/computer purchases
    1. For American Opportunity Credit:
      books and other supplies are not required to be purchase from the educational institution.
    2. For the Lifetime Learning Credit:
      books and other supplies must be purchased from the educational institution in order to be included in the educational credit.

Energy Credits

  1. Residential Energy Efficient Property Credit
    1. Solar water heating
    2. Solar electric power
    3. Small wind systems
    4. Geothermal heat pumps
    5. Fuel cell
  2. Nonbusiness Energy Credit
    1. Building Envelope Components
    2. Doors
    3. Windows
    4. insulations
    5. Roofs
    6. Heating & air conditioning

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.