Sample Information we need to prepare your Business Income tax return:
- General ledger or QuickBooks file (Accountant's copy)
- Bank statements and bank reconciliations as of the end of the tax year
- Accounts receivable listing (if accrual basis)
- Inventory balance at the end of the year (at cost)
- Listing of assets purchased and disposed during the year-
- Purchases - Description, Date purchased, Purchase price and loan details, if any
- Disposals - Description, Date sold, Sales price and provide closing statements or bills of sale
- Depreciation schedule (if a new client)
- Broker statement for investments
- Detail of any other asset balances-loans, deposits, etc.
- Accounts payable (if accrual basis)
- Loan statements
- All payroll tax reports for the year- Forms 941, 940, NC-5, and NCUI-101
- Sales tax report for the end of the year
- Balances of any other liabilities - payroll withholdings, retirement plan contributions, etc.
- Details of any equity account changes or ownership changes
- Any other information we need after reviewing your information
Sample Information for Individual Income tax preparation:
- Names, Birth dates and social security numbers for you and all dependents
- Marital status
- W-2 forms
- 1099 forms, bank and broker statements
- Business income, expenses and asset depreciation details
- Rental income and expenses
- Real Estate closing statements
- K-1 forms from S-Corporations, Partnerships, Estates or Trusts
- 1099 forms for pension and retirement plan distributions
- Social Security Statements
- Alimony income/payments
- Other taxable income- 1099-misc forms
- Retirement plan contributions
- Medical Savings accounts and self employed health insurance
- Student loan interest
- Education costs
- Details of Itemized deductions - Medical, Taxes, Interest, Charitable contributions and miscellaneous deductions- tax preparation, employee business expenses, investment expenses
