What Documents are Needed to File Personal Taxes?

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What Documents are Needed to File Personal Taxes?

• A Guide to Filing Your Taxes

2
Introduction

• Welcome to our presentation on "What Documents
  are Needed to File Personal Taxes?"
• Filing personal taxes can be a complex task, but
  having the right documents is essential.
• In this presentation, we will guide you through
  the necessary documents for a smooth tax filing
  process.

3
Personal Information

• The first set of documents you need includes your
  personal information.
• This includes your Social Security Number (SSN)
  or Individual Taxpayer Identification Number
  (ITIN).
• Ensure your name, address, and other personal
  details are accurate and up to date.

4
Income Documents

• To accurately report your income, gather the
  following documents
• W-2 If you're an employee, your employer will
  provide this form.
• 1099s If you're self-employed or receive income
  from other sources.
• Interest and dividend statements (1099-INT and
  1099-DIV).

5
Investment Income

• If you have investments, collect documents like
• 1099-B Reporting capital gains and losses.
• 1099-R For retirement income.
• K-1 If you're a partner in a business.

6
Deductions and Credits

• Don't miss out on deductions and credits. Gather
  documents like
• Mortgage interest statements (1098).
• Medical and dental expenses.
• Educational expenses (1098-T).
• Charitable contribution receipts.

7
Self-Employment Documents

• If you're self-employed, you'll need additional
  documents
• Records of business income and expenses.
• Receipts for business-related deductions.
• Estimated tax payment records (Form 1040-ES).

8
Health Insurance

• Proof of health insurance is crucial. You may
  need
• Form 1095-A, 1095-B, or 1095-C.
• Exemptions or Premium Tax Credit documentation.

9
State Taxes

• Don't forget state tax requirements. You may
  need
• State tax forms.
• Income statements for state taxes.
• State tax payment records.

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Prior-Year Tax Returns

• Having last year's return can be helpful.
• It provides a reference for your financial
  situation and deductions.

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Additional Documents

• Depending on your circumstances, you may need
  other documents, such as
• Rental income and expenses.
• Alimony received or paid.
• Gambling winnings and losses.

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Organize and Review

• Organize your documents carefully to ensure you
  don't miss anything.
• Review all the forms and ensure they are
  accurate.

13
Seek Professional Help

• If your taxes are complex, consider seeking
  professional help.
• Tax advisors and CPAs can help you navigate the
  process.

14
How We Can Help You?

• We Anu Agrawal CPA provides expert financial and
  accounting services to individuals and businesses
  alike. With a wealth of knowledge and experience
  in the field of accounting, we are committed to
  helping you navigate the complex world of
  finances and taxation.
• Our services are tailored to meet your unique
  needs, whether you require assistance with tax
  preparation California, financial consulting, or
  comprehensive accounting solutions. We are here
  to offer guidance and support at every step of
  your financial journey.

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Contact Us Today

• Website- https//www.anucpa.com
• Call Us- 1-937-707-0712
• Email- contact_at_anucpa.com
• Address- 19321 Anza Ave, Torrance, CA 90503, USA