Filing taxes requires access to information from a number of different sources, so it is crucial to keep track of these documents throughout the year. Failing to provide the correct information can have serious consequences, so if you have questions about what records you need to file your taxes, it is critical to speak with an experienced tax preparation professional as soon as possible.

Income-Related Documents

In order to accurately and fully complete your taxes, you’ll need access to all of your income-relate documents, including:

  • W-2 Forms for information related to wages, salaries, tips, and withheld income
  • Dividend statements
  • Records from the sale of stocks
  • Records from the sale of real estate
  • Income from rental property
  • A receipt recording state tax refunds
  • Records of any alimony received or paid
  • Records of unemployment benefits
  • Sources of miscellaneous income

You may also need access to personal data, such as:

  • Last year’s state and federal tax returns
  • Social security numbers for yourself, your spouse, and your dependents

Keeping all of these documents in a separate file or in digital form can save taxpayers a significant amount of time during tax season.

Deductible Expenses and Tax Credits

Any expenses that could justify a deduction must also have supporting documentation. This means that you’ll need proof if you’re going to claim deductions for the following expenses:

  • Retirement account contributions
  • Educational expenses
  • Medical bills
  • Property taxes
  • Business-related expenses
  • Charitable donations
  • Moving expenses
  • Student loan interest payments
  • Union and professional dues
  • State and local taxes

If you are eligible for tax credits, you’ll also need documentation to claim them.

General Information

Aside from personal data, income-related documentation, and records proving expenses and eligibility for tax credits, taxpayers are often required to reference or submit general information, such as:

  • A copy of last year’s tax return
  • The names, birthdate, and Social Security numbers of any dependents
  • The adjusted gross income from the prior year
  • Routing transit numbers for direct deposit
  • Bank account numbers

Schedule a Consultation With a Tax Preparation Professional Today

Filing taxes is much simpler when you have all of the necessary documentation at hand. If you have questions about what documents you need to submit when you file taxes or if you need help finding certain information, please contact one of the experienced tax preparation professionals at our CORE Oklahoma City office by calling 405-720-1244 today. A member of our Lawton team is available at 580-353-2376, while a Tulsa team member can be reached at 918-477-7650.