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ROYALTY STRATEGIES

TAX DOCS CHECKLIST

PERSONAL INFORMATION

  • Statements from banks, payment apps, card processors or online marketplaces 

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  • Checks paid to you 

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  • Receipts and mileage logs for travel, gift and car expenses 

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  • Records of deductible office expenses 

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  • Estimated tax payments 

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  • Other business income and expense records 

  FORMS W-2, 1099/ OTHER 

    • ​People or organizations that paid you during the year are required to report the payments to the IRS on an information return. They must file these forms with the IRS and send a copy to you. You should get them electronically or by mail in January or February​​​​

    • These forms report income you received during the year:​​

    • Forms W-2 or a corrected W-2 show your wages from employers. Here's what to do if you didn't get a W-2​

    • Form W-2G for lottery and gambling winning​​​​​​​

    • Forms 1099 show other types of Income, the most common are:​

    • Form 1099-K for payments from payment cards and online marketplaces

    • Form 1099-G for government payments such as unemployment benefits

    • Form 1099-INT from banks and brokers showing interest you received

    • Form 1099-DIV for dividends and distributions paid to you

    • Form 1099-NEC for freelance and independent contractor work in the gig economy

    • Form 1099-R for retirement plan distributions or pensions or annuities

    • Form SSA-1099 for Social Security benefits

    • Form 1099-MISC for other miscellaneous income

    • Form 1095-A, Health Insurance Marketplace Statement, lets you reconcile advance payments or claims

    • Records of digital asset transactions if you did not receive an information return for those

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DOCUMENTS FOR CREDITS & DEDUCTIONS

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  • Childcare or dependent care expenses â€‹

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  • Home mortgage and property tax records (if you itemize your deductions)

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  • Donations to charity (if you itemize your deductions)

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  • Health savings account or flexible spending account contributions 

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  • Retirement contributions 

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  • If you're a student or teacher, receipts for books, tuition and other education expenses

DOCUMENTS FOR SELF-EMPLOYMENT & SIDE JOBS

  • Statements from banks, payment apps, card processors or online marketplaces 

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  • Checks paid to you 

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  • Records of deductible office expenses 

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  • Estimated tax payments 

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  • Other business income and expense records 

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