James Asks… Do you have a check list to help me be prepared to do my taxes?


Whether you have scheduled the appointment with the accountant or purchased the     do-it-yourself  tax software, you are now going to have to get organized.  Following is a reference guide of all the data you might need.

Information You Need 

Personal Data

  • Social security numbers (incl. spouse & children)                
  • Your child care provider’s tax ID or Soc.Sec. #                      

Employment & Income Data 

  • W-2 Forms for this year                                                                        
  • Partnership and trust income                                
  • Pensions and annuities                                                                          
  • Alimony received   
  • Jury duty pay                                                                                          
  • Gambling and lottery winnings             
  • Prizes and awards 
  • Scholarships and fellowships
  • State and local income tax refunds      

Homeowner / Renter Data 

  • Residential address(es) for this year                                    
  • Mortgage interest                                                                 
  • Sale of your home or other real estate 
  • Second mortgage interest paid                                                             
  • Real estate taxes paid           
  • Rent paid during tax year                                                      
  • Moving expenses    

Financial Assets 

  • Interest income statements  
  • Dividend income statements
  • Proceeds from broker transactions       
  • Tax refunds and unemployment compensation   
  • Misc. income including contract or freelance work              
  • Retirement plan distribution 

Financial Liabilities 

  • Auto loans and leases           
  • Student loan interest paid                                                     
  • Early withdrawal penalties on CDs                                       
  • Personal property tax information         

Deductible Expenses               

  • Gifts to charity       
  • Un-reimbursed expenses for volunteer work                       
  • Un-reimbursed expenses related to your job       
  • Investment expenses             
  • Job-hunting expenses                                                                            
  • Education expenses               
  • Child care expenses                                                                               
  • Medical savings account       
  • Adoption expenses
  • Alimony paid          
  • Tax return preparation expenses and fees                            

Self-Employment Data 

  • K-1’s on all partnerships        
  • Receipts for business-related expenses                                               
  • Farm income          

Deduction Documents 

  • Estimated tax pmts for current year                                     
  • IRA, Keogh & other retirement plan contributions               
  • Medical Expenses                                                                  
  • Casualty or Theft Losses                                                                        
  • Other miscellaneous deductions                                                           



Meet Cheryl!

About Cheryl

As a successful business owner and community leader, Cheryl Braunschweiger is known and respected for getting things done with a degree of skill and enthusiasm that bring out the best in those around her - colleagues, clients and friends. The name of her business, ALMC Mortgage, reflects Cheryl's philosophy and personality. She says it stands for All Loans Must Close –a reflection of her determination to do whatever it takes to serve her clients. Cheryl has been in the mortgage lending business for 20 years. Read More About Cheryl
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