Items To Bring To Your Tax Appointment

Thank you for choosing GenerationTax to prepare your tax returns this year. We are highly experienced and qualified tax professionals who know all the latest tax law changes. We will take the time and effort to analyze your specific tax circumstances to identify potential tax deductions and recommend tax saving strategies. To ensure the preparation of your tax returns goes smoothly, please bring the following items to your scheduled tax appointment.

• If you are a new client, please bring copies of your 2006 federal and state tax returns.
• Your applicable W-2 forms, 1099 forms, interest income, dividend income, K-1 forms, pension or IRA distributions forms, brokerage account forms and student loan interest forms.

• Please summarize your itemized deductions including: medical expenses, auto excise tax, state and local sales taxes, tax preparation fees, custodial fees, financial planning fees, interest on mortgages and home equity loans (bring Form 1098), mortgage insurance premiums, real estate taxes, casualty and theft losses, investment related subscriptions, uniforms, cash and non-cash charitable donations, safe deposit box fees and unreimbursed job related expenses such as job seeking expenses, cell phone charges, tools, dry cleaning, luggage, PDAs, online service fees, trade journals,  travel, meals and entertainment.
• If you sold stocks or mutual funds, please prepare a spreadsheet showing the date you bought “each” item that was sold along with the total purchase price of “each” item sold. Note: Do not assume your cost information is provided on Form 1099. Please carefully review all your stock sales to ensure you have the purchase date and cost information for each stock or mutual fund sold during the year.
• If you qualify to deduct your graduate school expenses, please summarize how much you PAID in tuition and books DURING 2007. Note: amounts paid for tuition may include loans credited to the University DURING 2007. If applicable, please have on hand how much you received in scholarships or fellowships DURING 2007. Please bring all your actual tuition billing statements for 2007. You can also bring in receipts for computers and peripherals you purchased for school during 2007. Note: Form 1098T (Tuition Statement) represents tuition BILLED during 2007. This is NOT the number we use. You can only deduct the amount of qualified tuition PAID during 2007.
• If you paid for dependent care expense, please provide each providers name, address, federal identification number or social security number and the amount paid to each provider. We will also need the names of each child that was cared for and the total amount paid in child care expenses for each child. If you have a nanny and use a nanny tax service to handle the employment taxes, please bring your completed Schedule H.
• If you were self-employed during 2007, please prepare a simple 1 page income statement which summarizes your gross self employment income during 2007 and your applicable expenses categorized and summarized by the type of expense (i.e. advertising, equipment, supplies, etc).
• If you owned rental property during 2007, please prepare a simple 1 page income statement showing the gross rental income your received during 2007 and your applicable expenses categorized and summarized by the type of expense (i.e. advertising, mortgage interest, real estate taxes, repairs, maintenance, condo fees, etc). We’ll also need to know when you started renting the property and how much you originally paid for the home.
• If you are deducting a portion of your home for business use, please calculate the square footage of the area used for business. In addition, we will need to know the date you began using the space for business, how much you originally paid for the property and a summary of your utility expenses (gas, electric, oil, condo fees, landscaping, snowplowing, maintenance, etc), major home improvements and direct office expenses (repairs, business phone, etc). 
• Please summarize the rent you paid during 2007 and your landlord's name and address.
• If you lived in Massachusetts during 2007 and had health insurance coverage, please bring Form MA 1099-HC (Massachusetts Health Care Coverage).
• Please summarize your moving expenses. You can only deduct the cost to move your household goods, storage and the one time trip to make the final move to your new location.
• If you are a foreign national on a F-1 or J-1 Visa, please bring your Visa and passport and summarize the following information on a separate cover page:
  1. Your permanent address where you are a citizen.
  2. Your F-1 / J-1 VISA number.
  3. The actual dates entered / left the United States in 2007.
  4. The number of days you were in the United States for the following years: 2005, 2006 and 2007.
• Please bring a voided check for direct deposit and wiring information.
• If you made any estimated tax payments for 2007, we will need to know the date paid and amount paid of all federal and state estimated tax payments.
• Finally, please bring any other official tax documents you received not mentioned above. If you have questions with respect to what to bring to your appointment, please call us at 617-338-2210. Thank You!