What to Prepare for Tax Season

With the 2024 tax season already rolling around, now is a good time to start preparing your documents. By January 31st, companies are typically required to send out tax statements. If you don’t receive any of the applicable documents soon, it would be wise to reach out to your employer or financial institution and request them. April will be here before you know it!

• Forms W-2 

• from employers

• Drivers License 

  • just a copy for e-filing

• Forms 1099, 1099-K, 1099-MISC, 1099-INT 

• from brokerages, banks, dividends, unemployment compensation, retirement distributions, and more

• Drivers License 

• a copy for E-Filing

• Forms K-1 

• from LLCs, S-Corporations, and partnership ownership investments

• Form 1095-A - Health Insurance Marketplace Statement.

• Form 1098 - Mortgage Interest Statement

• Other income documents and records of virtual currency transactions

• Charitable donation records

• Record of any federal/state estimated payments made

• Business Owners: 

• Profit & Loss statements, Payroll Summary reports, and a Reconciled Year-End Balance Sheet