These are the items requested for your tax appointment:
- Copy of prior year return if you are a new client for Horizon.
- Date of birth for taxpayer, spouse and dependents.
- W-2s and 1099s if any.
- Bring proof of health insurance coverage.
- Interest income or dividends.
- Sale of stocks, include cost of any investments sold with date.
- Schedule C businesses with income and expenses (label asset purchases with date purchased).
- Farm activity, if any (include sale of cattle or other animals).
- Rental property settlement sheets for newly acquired property.
- Rental income and expenses for each property.
- Did you refinance your home in current year?
- Any IRA contributions? You have up to 4/15 to make one.
- Social security income if any
- Did you make any estimated tax payments to IRS or state?
- What about health insurance? How is this paid for your family? What was paid in current year?
- Who is living in your home? Dependents with date of birth .
- Did you pay educational expenses for yourself or dependent? How much?
- Did you buy a home in current year?
Itemized Deductions:
- Real estate and personal property tax
- Medical out of pocket (prescriptions, health insurance premiums, long term care)
- Medical mileage
- Contributions, include noncash donations as well
- Charitable mileage
- Mortgage interest and (mortgage insurance paid)
- Home equity interest, if any
Record Retention Schedule:
| Copies of tax returns | Forever | Paid vendor invoices | 3 years |
| Tax/legal correspondence | Forever | Employee payroll records | 3 years |
| Contracts and leases | Forever | Depreciation schedules | Forever |
| Real estate records | Forever | Property tax returns | Forever |
| Bank statements | 6 years | Copies of paid loans | Forever |
| Accounting records/books | 6 years | Canceled checks | 3 years |
| Employee expense records | 3 years | | |
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