Frequently Asked Questions

You should receive your W-2 Wage and Tax Statement by mail or hand-delivered from your employer by January 31st. 

If you’re an independent contractor or freelancer, you should receive 1099 forms from your clients by January 31st. Also, bring any unemployment and social security 1099 forms.

Did you win money or prizes? We’ll determine whether it needs to be reported. 

Bring any IRA or 401k distributions you received during the past year. 

Bring proof of any alimony money you received or paid.

Did you receive any money from a settlement?

If you have received income from an estate, trust, S-Corp, LLC, or partnership, you should receive a schedule K-1.

These statements will show how much tax you paid. Mortgage interest and property tax may be tax deductible.

The License Fee on your vehicle registration may be tax deductible. Bring your proof of payment.

Did you receive interest income from bank or credit union accounts, or dividend income from brokerage accounts? Bring your 1099-INT or 1099-DIV forms.

Did you sell stock during the past year? The IRS may collect capital gains tax on your earnings. Bring a statement of the stock purchase and sell amounts.

The union dues you paid during the prior year may be tax deductible.

You may be able to deduct tax for any college tuition and fees you paid.

The IRS may allow you to deduct tax on some of your expenses if the costs exceeded 10% of your adjusted gross income.

Did you buy or sell real estate during the prior year? Bring records of your property purchases and sales.

Did you settle on a debt from a credit card or mortgage? If a debt you previously owed was canceled or forgiven, it might be taxable. You should receive a 1099-C from your creditor with the canceled amount.

You may get a tax break on any early withdrawal penalties you paid on a certificate of deposit.

If you’re a business owner, you may have made estimated tax payments during the year. Bring records of paid taxes.

You may be eligible for a tax credit if you have adoption expenses. Bring your receipts of all money paid per eligible child.

Money paid into your retirement accounts may be tax deductible.

Did you earn foreign income, or do you own foreign bank accounts? Bring income records, bank statements, and any foreign tax paid.

If you’re a home-owner who made energy-efficient improvements on your home, you may be able to deduct expenses. Bring receipts for your costs.