Start Early: Begin organizing your tax documents and receipts well before the tax season begins

Personal Information:

• Social Security Number (SSN): You and your dependents' SSNs are essential for tax identification.
• Filing Status: Determine your filing status (e.g., single, married, head of household).

Income Documents:

• W-2 Forms: These are provided by your employer and report your wage and salary income.
• 1099 Forms: If you're self-employed or have other income sources, you'll receive 1099s for reporting non-employee compensation, interest, dividends, etc.
• 1099-NEC: For non-employee compensation (self-employment income).
• 1099-INT and 1099-DIV: For interest and dividend income.
• 1099-B: For reporting capital gains and losses from investments.
• 1099-G: Shows government payments, such as unemployment benefits or state tax refunds.
• 1099-R: If you received distributions from retirement accounts.
• K-1 Forms: If you're a partner in a business or involved in a trust, you may receive a K-1.

 Deduction and Credit Records:

• Receipts for Charitable Contributions: If you've made donations, you'll need receipts.
• Mortgage Interest Statement (Form 1098): Shows mortgage interest paid.
• Medical Expenses: Keep track of out-of-pocket medical expenses.
• Education Expenses: Maintain records of tuition and education-related expenses.
• Home Office Expenses: If you claim a home office deduction, document related costs.
• Business Expenses: For self-employed individuals, track business-related expenses.

 Tax Forms:

• Previous Year's Tax Return: Having your prior year's return can help with filing this year's taxes.
• Form 1040: The main individual tax return form.
• Schedules: Attach any necessary schedules to Form 1040, such as Schedule A for itemized deductions.

 Bank and Investment Statements:

• Bank Statements: To verify interest income and account balances.
• Brokerage Statements: Required for reporting capital gains and losses.
• Retirement Account Statements: For contributions and distributions.

Additional Income Records:

• Rental Income: If you have rental properties, collect records of rental income and expenses.
• Alimony Received/Paid: Keep records if alimony is involved.
• Gambling Winnings and Losses: If applicable, document these

.Healthcare Documents:

• Form 1095-A, B, or C: For healthcare coverage reporting under the Affordable Care Act.

 Real Estate Records:

• Property Tax Statements: Verify property tax payments.
• Home Sale Documents: If you sold a home, keep records of the sale and related expenses.

 Miscellaneous Documents:

• Unreimbursed Work-Related Expenses: If your job requires expenses, track them.
• Childcare Expenses: Records for the Child and Dependent Care Credit.
• Moving Expense Records: If you moved for work, gather related documents.

Remember to keep all these documents organized and secure throughout the year to make tax preparation smoother. If you're uncertain about any specific tax forms or documents, consider calling us at True Tax Service for tax professional for guidance. 

www.truetaxsvc.com