GMA Tax is Dedicated to Your Tax Needs

At GMA Tax, we want you to feel prepared for tax day. That's why we offer comprehensive assistance on moving forward with all your tax filing needs. Below we have included a list of documents that you may need to continue to move forward. Don't let tax season stress you out. Our team is always here for you. For more information on how to file your tax return, call us today at (718) 322-4044.

Advisor And A Client Talking To Each Other — South Richmond Hill, NY — GMA Tax

Required documents to keep on file:

  • Copies of Drivers License or State IDs
  • Social Security Cards
  • Proof of Residence for dependents claiming EIC

Income Documents:

  • Income from jobs: forms W-2 for you and your spouse
  • Investment income—various forms 1099 (-INT, -DIV, -B, etc.), K-1s, stock option information
  • Income from state and local income tax refunds and/or unemployment: forms 1099-G
  • Taxable alimony received
  • Business or farming income—profit/loss statement, capital equipment information
  • If you use your home for business—home size, office size, home expenses, office expenses
  • IRA/pension distributions—forms 1099-R, 8606
  • Rental property income/expense—profit/Loss statement, rental property suspended loss information
  • Social Security benefits—forms SSA-1099
  • Income from sales of property—original cost and cost of improvements, escrow closing statement, cancelled debt information (form 1099-C)
  • Prior year installment sale information—forms 6252, principal and Interest collected during the year, SSN and address of payer
  • Other miscellaneous income—jury duty, gambling winnings, Medical Savings Account (MSA), scholarships, etc.

Tax deduction documents:

  • Advance Child Tax Credit payment
  • Child care costs—provider's name, address, tax id, and amount paid
  • Education costs—forms 1098-T, education expenses
  • Adoption costs—SSN of child, legal, medical, and transportation costs
  • Home mortgage interest and points you paid—Forms 1098
  • Investment interest expense
  • Charitable donations—cash amounts and value of the donated property, miles driven, and out-of-pocket expenses
  • Casualty and theft losses—the amount of damage, insurance reimbursements
  • Other miscellaneous tax deductions—union dues, unreimbursed employee expenses (uniforms, supplies, seminars, continuing education, publications, travel, etc.) (for tax years prior to 2018 only)
  • Medical and dental expenses

Income documents:

  • Income from jobs: forms W-2 for you and your spouse
  • Investment income—various forms 1099 (-INT, -DIV, -B, etc.), K-1s, stock option information
  • Income from state and local income tax refunds and/or unemployment: forms 1099-G
  • Taxable alimony received
  • Business or farming income—profit/loss statement, capital equipment information
  • If you use your home for business—home size, office size, home expenses, office expenses
  • IRA/pension distributions—forms 1099-R, 8606
  • Rental property income/expense—profit/Loss statement, rental property suspended loss information
  • Social Security benefits—forms SSA-1099
  • Income from sales of property—original cost and cost of improvements, escrow closing statement, cancelled debt information (form 1099-C)
  • Prior year installment sale information—forms 6252, principal and Interest collected during the year, SSN and address of payer
  • Other miscellaneous income—jury duty, gambling winnings, Medical Savings Account (MSA), scholarships, etc.

Tax deduction documents:

  • Advance Child Tax Credit payment
  • Child care costs—provider's name, address, tax id, and amount paid
  • Education costs—forms 1098-T, education expenses
  • Adoption costs—SSN of child, legal, medical, and transportation costs
  • Home mortgage interest and points you paid—Forms 1098
  • Investment interest expense
  • Charitable donations—cash amounts and value of the donated property, miles driven, and out-of-pocket expenses
  • Casualty and theft losses—the amount of damage, insurance reimbursements
  • Other miscellaneous tax deductions—union dues, unreimbursed employee expenses (uniforms, supplies, seminars, continuing education, publications, travel, etc.) (for tax years prior to 2018 only)
  • Medical and dental expenses

Guide To Checking On Your Tax Refunds

What Tax Documents Should You Keep

Federal law requires that you keep copies of your tax returns and all supporting documents for a minimum of 3 years. We recommend digitally backing up your tax documents at GMA Tax to ensure you don't lose them. This will protect you if there is ever an audit on your tax returns. We always say, "When In Doubt, DON'T Throw it Out!"

We're only a phone call away! Call (718) 322-4044 and let us know how we can help.