Tax Preparation

Tax Mart wants to make your TAX Filing Experience as smooth as it can possibly be. Submit your tax documents securely via our free TMTaxestogo Mobile App, Client Portal or TAXMART Mobile App. This way we will have all your information in the system when you come in and your appointment will be brief, so you can quickly go back to what you like to do most.

You can eliminate the office visit completely by choosing to submit your information electronically then video chatting with us through our state of the art platform.

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Summary Check List of what to bring

  • Wage statements/W-2s
  • Self-employment business income and expenses/1099-MISC
  • Commissions received/paid
  • Pension, retirement income/1099-R
  • Unemployment income/1099-G
  • Canceled Debt Amount/1099-C
  • Social Security income/SSA-1099
  • IRA contributions
  • Statements on the sales of stocks or bonds/1099-B
  • Interest and dividend income /1099-INT/1099-DIV
  • Lottery or gambling winnings/losses
  • State refund amount/1099-G
  • Income and expenses from rentals
  • Alimony paid or received
  • Record of purchase or sale of residence
  • Medical and dental expenses
  • Real estate and personal property taxes

Detailed Check List of what to bring

People listed on Tax Return

  • Correct birthdays and Social Security card copies of everyone who will be listed on the return
  • Childcare records (including the provider's ID number) if applicable
  • Approximate income of other adults in your home (not spouse, if you're filing jointly)
  • Form 8332, copies of your divorce decree, or other documents showing that your ex-spouse is releasing their right to claim a child to you
  • Amount of any alimony paid and ex-spouse's social security number

Education Payments

  • Bills from the educational institution or anything else that itemizes what you paid or received loans for versus what was covered by scholarship or other financial aid
  • Forms 1098-T and 1098-E, if you received them
  • Scholarships and fellowships

Employee Information

  • Forms W-2

Self-Employment Information

  • Forms 1099-MISC, Schedules K-1, income records to verify amounts not reported on 1099s.
  • Records of all expenses, check registers or credit card statements, and receipts
  • Business-use asset information (cost, date placed in service, etc.) for depreciation
  • In Home Office information, if applicable

Vehicle Information

  • Total miles driven for the year (or beginning/ending odometer readings)
  • Total business miles driven for the year (other than commuting)
  • Amount of parking and tolls paid
  • Receipts or totals for gas, oil, car washes, licenses, personal property tax, lease or interest expense, etc.

Rental Income

  • Records of income and expenses
  • Rental asset information (cost, date placed in service, etc.) for depreciation

Retirement Income

  • Pension/IRA/annuity income (1099-R)
  • Social security/RRB income (1099-SSA, RRB-1099)

Savings and Investments

  • Interest, dividend income (1099-INT, 1099-OID, 1099-DIV)
  • Income from sales of stock or other property (1099-B, 1099-S)
  • Dates of acquisition and records of your cost or other basis in property you sold

Other Income

  • Unemployment, state tax refund (1099-G)
  • Gambling income (W-2G or records showing income, as well as expense records)
  • Amount of any alimony received and ex-spouse's name
  • Health care reimbursements (1099-SA or 1099-LTC)
  • Jury duty records
  • Hobby income and expenses
  • Prizes and awards
  • Other 1099

Itemizing Deductions

  • Forms 1098 or other mortgage statements
  • Amount of state/local income tax paid (other than wage withholding), or amount of state and local sales tax paid
  • Real estate and personal property tax records
  • Amount of vehicle sales tax paid
  • HUD statement showing closing date of home purchase
  • Cash amounts donated to houses of worship, schools, other charitable organizations
  • Amounts and records of non-cash charitable donations
  • Amounts paid for healthcare insurance, doctors, dentists, vision, hospitals, etc.
  • Amounts of miles driven for charitable or medical purposes
  • Expenses related to your investments
  • Amount paid for tax preparation
  • Employment-related expenses (dues, publications, tools, uniform cost and cleaning, travel)
  • Job-hunting expenses

IRA Information

  • Amount contributed to any IRA

If you were affected by a federally declared disaster

  • City/county you lived/worked/had property in
  • Records to support property losses (appraisal, cleanup costs, etc.)
  • Records of rebuilding/repair costs
  • Insurance reimbursements/claims to be paid
  • FEMA assistance information
  • Check FEMA site to see if county qualifies for individual assistance

Small Business Checklist

Income

  • Gross receipts from sales or services
  • Sales records (for accrual based taxpayers)
  • Beginning inventory (if applicable)
  • Ending Inventory (if applicable)
  • Items removed for personal purposes (if applicable)
  • Returns and allowances
  • Business checking and savings account interest (1099-INT or statement)

Transportation and Travel Expenses

Local Transportation

  • Business trip (mileage) log
  • Contemporaneous log, pass, or receipts for public transportation, parking and tolls.

Travel away from home

  • Airfare or mileage (actual expense if drove)
  • Hotels and transportation e.g. Uber, Shuttle, Taxi, etc.
  • Meals and tips
  • Taxes and tips
  • Internet and parking

Additional Expenses

  • Advertising

Commissions Paid to Sub Contactors

  • File Form 1099-MISC and 1096 as necessary

Depreciation

  • Cost and first date of business use of assets
  • Sales price and disposition date of any assets sold

Fringe Benefits

  • Employer-paid pension/profit sharing contributions
  • Employer-paid HSA contributions
  • Employer-paid health insurance premiums
  • Cost of other fringe benefits

Business insurance

  • Casualty loss insurance
  • Errors and omissions
  • Other

Interest expense

  • Mortgage interest on building owned by business
  • Business loan interest
  • Legal fees

Office supplies

  • Pens, paper, staples, etc.
  • Petty cash and other consumables

Rent expense

  • Office space rent
  • Business-use vehicle lease expense
  • Storage and Other

In-home Office

  • Square footage of office space (hours of use for daycare business)
  • Total square footage of home (not applicable for daycare business)
  • Repairs and utilities
  • Mortgage interest or rent paid

Wages paid to employees

  • Form W-2 and W-3 Federal and state payroll returns (Form 940, etc.)

Other expenses

Repairs and maintenance of office facility, etc.

If you'd like to receive more information about our Tax Preparation Service, please complete this form.

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