You can use the list below to assist you in gathering information for your 2021 tax return. Bring all supporting documents including W-2 and 1099 statements to your tax preparation appointment. We appreciate your trust in our business. Contact our office at 703-931-1050 if you have any questions or need additional information
W-2 Employees
Forms W-2 from your employer(s).
Forms 1099 from banks, issuing agencies, and other payers including unemployment compensation, dividends, distributions from a pension, annuity, or retirement plan.
Form 1099-K, 1099-MISC, W-2, or other income statements if you worked in the gig economy.
Form 1099-INT if you were paid interest.
Other income me documents and records of virtual currency transactions.
Form 1095-A, Health Insurance Marketplace Statement, to reconcile advance Premium Tax Credits for Marketplace coverage.
Letter 6419, 2021 Total Advance Child Tax Credit Payments to reconcile your advance Child Tax Credit payments.
Letter 6475, Your 2021 Economic Impact Payment, to determine whether you’re eligible to claim the Recovery Rebate Credit.
These are the basic documents you’ll need to complete your taxes this year. Certain deductions require you to fill out tax schedule documents in addition to what’s listed here. If you’re unsure about documents not listed here, please contact us by phone, email, or in person.
Self-Employed Including Business Owners, Uber, and Lyft Drivers
Economic Impact Payment notice: If you received a payment from the IRS as part of the CARES Act, you’d need to claim it as income on your taxes. The IRS sent out paper notices, even if your payment was direct deposited.
Deductions: As a self-employed individual, there are all kinds of business deductions you can claim. Gas, professional development, home offices, meals, and advertising can all be deducted. Just make sure to document them!
Investments: Dividends from your financial investments are usually taxable. Check with your investment broker about getting the proper reporting forms, like a 1099-R. If you had to take unplanned disbursements, those are taxable too.
Self-employment has its rewards, but it does tend to make preparing taxes a bit more complicated. The good news is that you can deduct the supplies and expenses you pay during the year.
