Below please find a checklist for helping prepare your information prior to your appointment. For new customers, it is very helpful if a previous return is provided.

W-2s

Interest & Dividend Statements
New tax law allows tax-free combat pay to be included when calculating refundable child tax credit. These provisions are expected to provide additional refunds to families of servicemen.

Stock Transactions
- purchase price, date of acquisition
- sale price, sale date

Pension information & distributions

Rental Property
- Mortgage statement
- Insurance expenses
- All expenses connected to rental property
- Rent amount collected- Capital expenditures
- (new clients - prior year depreciation schedule)

K-1s from S-Corps, Partnerships and LLCs

Moving expenses

IRAs

Self-emplyed Health Insurance payments

Medical
- All out of pocket medical expenses (doctors, dental, chiropractor, prescriptions, etc.) Big catch... must be more than 7.5% of gross income - this is a tough one.

Taxes
- State withholding taxes or state sales tax
- Property taxes - personal residence, vacation home, vacation land, etc.

Interest
- Interest expense on mortgage, second, home equity, etc.
- Investment interest expense

Charity
- Cash
- Non-cash - Goodwill, Salvation Army, autos, etc.

Misc.
- Employee business expenses - auto, meals, travel, cell phone, etc.

Union Dues

Tax Preparation Costs

Teachers
- Supplies and teaching aids (once again, Uncle Sam limits this section to 1% of gross

Gambling Losses to the extent of winnings

Bonafide Systems... your financial solutions provider.

Contact us today at 716-835-2828 or info@BonafideSystems.com.

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