Tax Checklist 2013

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Tax Checklist 2013 by Mind Map: Tax Checklist 2013

1. Personal Information

1.1. For tax payer, spouse and dependents

1.2. Social security number

1.3. Date of birth

1.4. Address

1.5. Phone number

2. Dependent Care

2.1. Pre-School Expenses

2.2. Adult or child care

2.3. In home care

3. Energy Efficient Home Improvements

3.1. Solar hot water heaters

3.2. Solar electricity equipment

3.3. Wind turbines

3.4. Windows / Skylights

3.5. Home Insulation

3.6. New Doors

3.7. Qualified Roof

3.8. Qualified Furnace

4. Higher Education Expenses

4.1. Tuition

4.1.1. Forms 1098-T

4.1.2. Form 1098-E

4.1.3. Bills from the school that itemizes showing details

4.2. Books

4.3. Required Supplies

4.4. Student Loan Interest Paid

5. Estimated Tax Payments

5.1. Date

5.2. Amount

6. IRA contributions

6.1. Date

6.2. Amount

6.3. Tax Year

7. Educator Expenses for teachers

7.1. Can deduct up to $250 of school expenses without itemizing

8. Income

8.1. Wages

8.1.1. W2

8.1.1.1. Provided by your employer

8.2. Income from Investments

8.2.1. 1099-INT

8.2.1.1. Shows interest

8.2.2. 1099-DIV

8.2.2.1. Shows dividends

8.2.3. 1099-B

8.2.3.1. Stock sales

8.2.3.2. Mutual fund sales

8.2.4. Capital loss carry forward

8.2.4.1. See your last tax return

8.3. Self-employment

8.3.1. 1099-MISC

8.4. Rental income

8.4.1. Records on income

8.5. Retirement income

8.5.1. 1099-R for Pensions/IRA/Annuity

8.5.2. Social security income

8.5.2.1. 1099-SSA

8.5.2.2. RRB-1099

8.6. Any other income

8.6.1. 1099 forms

9. Itemizing Deductions

9.1. Homes

9.1.1. Mortgage interest

9.1.1.1. Form 1098

9.1.2. Property taxes

9.1.2.1. Form 1098

9.1.3. Points paid during refinance

9.1.3.1. Form 1098

9.2. Cars

9.2.1. Sales tax from vehicle purchase

9.2.1.1. Invoice

9.2.2. Car Registration

9.2.3. Miles driven for charitable or medical purposes

9.3. Charitable donations

9.3.1. Non-Cash Deductions: Receipts from qualifying organizations

9.3.2. Cash amounts for any donation

9.4. Medical

9.4.1. Health insurance Premiums

9.4.2. Medical Expenses

9.4.3. Payments for prescriptions

9.4.4. Medical Transportation

9.4.5. Essential lodging while away from home

9.4.5.1. $50.00 max per person

9.5. Financial fees

9.5.1. Investment advisory fees

9.5.2. Tax prep fees

9.6. Job expenses

9.6.1. Employment related fees

9.6.1.1. Union dues

9.6.1.2. Uniform costs and cleaning

9.6.1.3. Publications

9.6.1.4. Tools

9.6.1.5. etc.

9.6.2. Job-hunting expenses

9.7. Casualty Losses and Thefts

9.7.1. Natural Disasters

9.7.2. Auto Accident damages, not covered by insurance

9.7.3. Vandalism

9.7.4. Theft

9.8. Educational Expenses

9.8.1. Tuition

9.8.2. Books

9.8.3. Supplies

9.8.4. Lab Fees

9.8.5. Certain Travel Fees

9.8.6. You may deduct if

9.8.6.1. Must be required by your employer

9.8.6.2. , or to maintain or improve skills for your current job

9.8.7. You may not deduct if the expenses are for a new business or trade

9.9. Un-reimbursed Employee Business Expenses

9.9.1. Records must be maintained

9.9.2. Auto Expenses and Mileage

9.9.3. Meals and Entertainment

9.9.4. Phone

9.10. Misc Deductions

9.10.1. Safe Deposit Box

9.10.2. Financial Publications

9.10.3. Home office expenses

10. Business Expenses

10.1. Asset information

10.1.1. Cost

10.1.2. Date placed in service

10.2. Records of all expenses

10.2.1. Advertising

10.2.2. Supplies

10.2.3. Phone and Internet

10.2.4. Etc.

10.3. Home office

10.3.1. Space used in home

10.3.2. Utilities

10.3.3. Bills

10.3.4. Etc.

10.4. Car

10.4.1. Total miles driven

10.4.2. Total business miles

10.4.2.1. Excludes commuting miles

10.4.3. Parking fees and tolls

10.5. Rental asset information for depreciation

10.6. Moving Expenses

10.6.1. The move must be closely related the start of your new job

10.6.2. Distance Test

10.6.2.1. Your new work place must be at least 50 miles away from your old job

10.6.3. Time Test

10.6.3.1. You must work full time for at least 39 weeks during the first 12 months immediately following your move