Tax Tracking List
By: Connie Holt, E.A.
The Henssler Financial Group Position Paper

Income

• W-2 Earned Income
• Dividend Income
• State Tax Refund
• IRA Distributions
• Jury Duty Pay
• Social Security
• Stocks Sold for a Gain
• Interest Income
• Alimony Received
• Pension & Annuities
• Royalty Income
• Unemployment Income
• Gambling Winnings

Deductions

• Mortgage Interest Paid
• Points paid for purchase or re-finance of home mortgage
• Personal Property Tax Paid (tax based on the value of the asset: vehicles, boats, trailers, intangible tax)
• Real Estate Tax Bill (if not on Mortgage Interest Statement)
• Cash Charitable Contributions
• Non-Cash Charitable Contributions
• Mileage for charitable contributions or charity work
• Safe Deposit Box Rental Fee
• Tax Preparation Fee
• Investment Advisory Fees
• IRA Custodial Fees
• Attorney fees relating to the production of income or regarding tax matters
• Employee Paid Business Expenses
  
  • Mileage
  • Travel
  • Meals & Entertainment
  • Office Expense
  • Business Gifts
  • Trade Publications
    
• Medical and Dental Expenses
  
  • Doctors, Dentists
  • Hospital & Clinics
  • Labs & X-Rays
  • Eyeglasses & Contacts
  • Mileage to Seek Medical Care
  • Medical Equipment & Supplies
  • Travel & Transportation Expense (to seek medical care)
  • Insurance Premiums-Medical & Dental
  • Self Employed Insurance Premiums
  • Long-Term Care Insurance Premiums and Expenses
  • Lodging (for medical reasons)
• Gambling Losses (to the extent of winnings)
• Casualty or Theft Losses (property stolen or damaged)
• Alimony Paid
• Student Loan Interest Paid
• Educational Expenses
• Union or Professional Dues
• Uniforms or Protective Clothing for Employment
• Investment Interest Paid
• Job Search Expenses
• Childcare Expenses
• Moving Expenses

Retirement

• Contributions
• Withdrawals
• Transfers or re-characterizations of accounts

• Closing Statements on homes sold, purchased and re-financed
• Statements for all investment accounts

Partnerships, Estates, Trusts and Corporations

• Schedule K-1s

Farming

• Income
• Expenses

Household Employee

• W-2s issued
• Records of Payments

Home Office Deduction (expenses for operating an office for business purposes in your home)

• Total square footage of home
• Square footage of office used for business
• Homeowners Insurance
• Utilities
• Repairs/Maintenance

Tax Payments

• Estimated Taxes
• Foreign Taxes
• Income Taxes Paid with prior year's tax return