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Tax Season Checklist

Tax season can be a stressful time, but with the right preparation, you can make it through smoothly and maximize your return. Our "Essential Tax Season Checklist for 2024" is designed to help you gather all necessary documents, understand key deadlines, and ensure you donu2019t miss any crucial steps. Follow this comprehensive guide to make your tax filing process as efficient and stress-free as possible.

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Tax Season Checklist

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  1. TaxSeasonChecklist • Tax seasoncan be a demanding time for everyone, from small businesses and freelancerstoindividualfilers.Properpreparationiskeytoensuringasmoothtaxfiling process. Use this checklist as your guide through each step, making sure you’ve coveredall essential itemsfor your tax filing. • GatherPersonalInformation: • SocialSecurityNumbers(SSN)foryourselfandalldependents • Addressesanddatesofbirth • Bankaccountandroutingnumberfordirectdeposit/refund • Lastyear’sAdjustedGrossIncome(AGI)forelectronicsignature • IncomeDocuments: • W-2formsfromallemployers • 1099formsforfreelancersandindependentcontractors • Intereststatements(Form1099-INTorForm1099-OID) • Dividendstatements(Form1099-DIV)

  2. Salesproceedsfromstocks,bonds,etc.(Form1099-B) • Retirementplandistribution(Form1099-R) • Miscellaneousincomerecords(prizes,rentincome,etc.) • DeductionandCreditDocuments: • Homemortgageinterest(Form1098) • Realestateandpersonalpropertytaxrecords • Receiptsforcharitabledonationsandgifts • Medicalanddentalexpenserecords • Educationalexpenses(Form1098-T) • Studentloaninterestpaid(Form1098-E) • Childcareexpenses(provider’staxIDnumberrequired) • HealthInsuranceInformation: • Marketplacecoverage(Form1095-A) • Healthcoverageexemptioncertificate,ifapplicable • RecordsofhealthcarepaymentsforPremiumTaxCredit • TaxFormsandWorksheets: • Currentyear’staxreturnformsandschedules • Worksheetsforitemizeddeductions,ifapplicable • PreviousTaxReturns: • Copiesofpasttaxreturns(3-7yearsrecommended) BankAccount Information: • Accountnumbersforanyaccountintowhichyou’dlikearefunddeposited • Recordsforinterestpaidorearned,ifapplicable • Miscellaneous: • NoticesfromtheIRSorotherrevenuesystems,ifreceived • Recordofestimatedtaxpaymentsmadeduringtheyear,ifapplicable • ReviewandOrganize:

  3. Reviewalldocumentstoensuretheyarecompleteandaccurate • Organizedocumentsbycategoryforeasyreference • Compilealistofquestionsorconcernsforyourtaxadvisororsoftware • FileTaxes: • Choosetheappropriatefilingmethodforyoursituation(e-fileormail) • Submittaxreturnsbytheduedateorfileforanextension,ifneeded • Payment: • Schedulepaymentforanytaxesowed,orconfirmrefunddetails FollowUp: • Trackrefundstatus,ifexpectingone • Storecopiesoffiledtaxreturnsandallrelevantdocumentationsecurely • Planforanyquarterlyorfuturetaxadjustmentsneeded • Confirmthatcheckshaveclearedorpaymentshavebeendebited • Remember, this checklist is a general guide and your tax situation may require additionalinformation.AlwaysconsultwithataxprofessionalorIRSresourcesto ensurethat allyour tax responsibilitiesare fulfilled. • 401K,CorporationRegistrations,IRS,Payroll,TaxConsultants,TaxFiling,Tax Professional,Tax Services

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