Happy New Year! We hope you have had a healthy and prosperous year! To make it easier for you to gather the information necessary for us to prepare your 2023 income tax return, we have provided you with a helpful reminder checklist of what we need to prepare your return. If you require a complete Income Tax Questionnaire, please contact our office and we will be happy to send you a personalized copy. We look forward to seeing you again and helping you get the most from your return. Thank you in advance for your continued business.

WE LOOK FORWARD TO SEEING YOU IN THE NEW YEAR!

~Bob Eder, Mike Eder, Karen Kassin, Chris Ackerman, Perry Engardio

INCOME ITEMS TO BE AWARE OF:

• Unemployment Income (1099-G)
• Wage Statements (W-2s)
• IRA and Pension Statements (1099-R)
• Social Security Statements (1099 SSA)
• 1099 for Interest Dividends (Including Foreign Accounts) (1099 NT, 1099 DIV)
• K-1s for Partnerships / S-Corporations
• Real Estate Income and Related (Rental) Expenses
• Gambling Winnings (W-2G) and Gain / Loss Statements
• Paperwork for Real Estate Sales – Closing Statements
• Stock Sales (Cost, Selling Price, and Dates) Form 1099B
• Business Profit & Loss Statement & Mileage Log (if we do not do your accounting)
• Jury Duty, FIA, and SSA
• Alimony Received
• 1099A, 1099C, erc (Cancellation of Debt)
• State and City Refunds (Form 1099-G)
• Worldwide Income (All Foreign Income)
• Sales & Basis fir Cryptocurrency Sales

OTHER ITEMS TO WATCH FOR:

• Any Form 1095 A, B, or C – Health Insurance
• Estimated Taxes Paid and Dates Paid
• Year End Inventory (Business Clients)
• Birth Days and Social Security Numbers for all dependents
• Child Support Payments Received / FOC End of Year Statement
• Foreign Account Values over $10,000
• Change of Name, Marital Status, or Address
• Dependent Child Who Files Own Tax Return Cannot Claim Personal Exemption
• Health Savings Account Contributions & Distributions

DEDUCTIONS TO WATCH FOR:

• Sales Tax Paid On New Motor Vehicles Purchases
• Vehicle License Plate Cost
• Medical Insurance, Mileage, Cobra, Medical Bills Paid, and Long Term Care
• Real Estate Taxes Paid
• Mortgage Interest Statements (Form 1098)
• Charitable Contributions (Cash / Non-Cash)
• Cottage and Boat Interest Paid (if used as a vacation home)
• Child Care Expenses (Tax ID Number and Address of the Provider)
• College Tuition and Adult Education Expense (Tax Payer or Children – Form 1098T)
• IRA + Roth Contribution
• 529 Michigan Education Plans
• Alimony Paid – Also provide former Spouse’s SSN (decrees prior to 2018)
• Educator Expenses
• Ponzi Scheme Losses

*We do not file extensions automatically. If you would like us to file an extension, please contact us by April 10, 2024.