A checklist of the most common records you'll need to prepare 2007 taxes, whether you use home-computer tax software, a professional tax...
A checklist of the most common records you’ll need to prepare 2007 taxes, whether you use home-computer tax software, a professional tax preparer or an old-fashioned paper tax return:
• Copy of 2006 tax return.
• W-2s from all employers.
• Forms 1099, 1099-DIV, 1099-R and 1099-G showing nonwage income, dividend or interest paid to you in 2007 as well as any refund, credit or offset of state and local taxes.
Most Read Business Stories
- 6 Dr. Seuss books won't be published for racist images
- Frontier cancels flight, citing maskless passengers
- Biden vows enough vaccine for all US adults by end of May
- Amazon sued by Black cloud-computing manager over alleged racial discrimination and sexual harassment
- Texas becomes biggest US state to lift COVID-19 mask mandate
• Receipts for state and local taxes, real-estate taxes and personal-property taxes you paid in 2007.
• Form 1098 showing 2007 home-mortgage interest and points, as well as mortgage-insurance premiums on home-acquisition debt that was new or refinanced in 2007.
• Receipts and documentation for all charitable contributions and gifts.
• Income receipts from rental real estate, royalties, partnerships, S corporation and trusts.
• Records of unemployment compensation, Social Security benefits or other income.
• Records of medical and dental expenses if you think you can meet the 7.5 percent adjusted gross income threshold required for this deduction.
• Documentation of casualty and theft losses.
• Total paid for day care, and tax-identification number for day-care provider.
• Identifying documents — such as a Social Security card or driver’s license — for you and your spouse in certain tax situations, such as when claiming the earned income-tax credit.
• A bank-routing number and an account number for direct deposit of refund.
Remember to keep a copy of your tax return and supporting documents for at least three years from the date you file the return.