Tax Preparation

PRINT THIS DOCUMENT:  Amado CPA – Tax-Client Engagement Letter with Checklist (PDF)
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Root Canal. Taxes.

Fortunately, we can help you with the more painful of the two.

Tax Day for corporate filers is Friday, March 15, 2024
Tax Day for individual filers is Monday, April 15, 2024

Please use this checklist to guide you on what to provide to us in order for your tax returns to be prepared. Only provide those corresponding documents pertaining to you and upload to your secure client portal. Call the office at 301-899-3300 if you need your portal setup or you have questions.

[  ]  New tax clients only: Name(s) & Social Security Number(s), Occupation(s), address, date(s) of birth, dependents (name, date of birth, social security number, and relationship). Provide copy of last filed return.

[  ]  E-Mail Address: We want to communicate with you electronically, please provide

[  ]  Change in Filing Status and/or # of dependents in 2023?

[  ]  State Residency: If your state residency changed during the year, what date residency state change?

[  ]  Estimated Tax Payments Made in 2023 and those made by 1/16/2024: amount and date(s) paid

[  ]  An IRS online services account lets you access most tax tools. Setup your IRS online account to track tax filings and more using this link: https://www.irs.gov/individuals/secure-access-how-to-register-for-certain-online-self-help-tools

[  ]  Health Insurance Marketplace Statement: Did you receive Form 1095-A (the Health Insurance Marketplace statement)? If you have not received your 1095-A, visit the Marketplace’s website (healthcare.gov) for information on how to request a copy. It is recommended you wait until the form is received before filing your 2023 Tax Return to avoid (refund) processing delays.

[  ]  IRS or State Agency notices: provide copy of notices received

Income Information

[  ]  W-2 Statements from Employer(s)

[  ]  Interest (Schedule B): 1099-INT, 1099-OID or other statement showing interest or dividends.

[  ]  Investments & Dividends (Schedule D): Include your 1099-B and 1099-DIV and a copy of your end of year mutual fund(s) and/or brokerage account statement(s) for non-retirement accounts.

[  ]  Rental Income (Schedule E): If you received income from the rental of real property, summarize income, expenses and capital improvements. Examples of expenses: mortgage interest, real estate taxes, condo fees, repairs, yard maintenance, insurance and advertising for tenant. Please provide Form 1098.

[  ]  Unemployment benefit or State Tax Refund: If you received any state tax refunds or unemployment funding, provide the 1099-G.

[  ]  Self-Employment (Schedule C): Provide a summary of your income, business expenses, equipment purchases for the business, information on home office deduction (if applicable), business use of vehicle (if applicable), and health insurance premiums (if applicable). Other expenses include: advertising, legal, supplies, rent, repairs & maintenance.

[  ]  Social Security or Disability Benefits: Provide the annual statement.

[  ]  Retirement Benefits: If you received pension or other retirement benefits, including early distributions, include 1099-R.

[  ]  Sale of Residence: Did you sell your principal residence during 2023? Did you live in this home for more than 2 years?

[  ]  Cancellation of Debt: If a creditor cancelled a debt you owed during 2023 in excess of $600 provide 1099-C, Cancelation of Debt

Retirement Fund Information

[  ]  Conversion to Roth IRA: Provide the dollar amounts. Additionally, special rules may apply to conversion of nondeductible contributions to a traditional IRA into ROTH IRA.

[  ]  Did you contribute any funds to a traditional IRA or as SEP/IRA, or other type of deductible retirement plan (exclude tax free rollover) for the tax year 2023?

[  ]  Did you withdraw any funds from a traditional IRA, a SEP, a 401(k), a 403(b), nondeductible contributions to a traditional IRA, or other type of retirement plan (exclude tax free rollover)?

[  ]  Did you borrow any funds from a traditional IRA, a ROTH IRA, a SEP, a (401(k), a 403(b), nondeductible contributions to a traditional IRA, or other type of retirement plan (exclude tax free rollovers)? Were those funds paid back prior to the penalty period?

Credits, Adjustments & Itemized Deductions

[  ] Recovery Rebate Credit: The IRS has issued all first, second and third Economic Impact Payments. Most eligible people already received their stimulus payments and won’t be eligible to claim a Recovery Rebate Credit. If you believe you are missing a stimulus payment or got less than the full amount, you may be eligible to claim a Recovery Rebate Credit on the return. Provide Letter 6475 or visit www.IRS.gov/account to retrieve information about how much has been received already.

[  ] Home mortgage interest, real estate taxes, points, closing costs: Provide Form 1098 for each property. Inform us if you purchased and/or sold any properties during 2023.

[  ] Charitable Contributions: Provide the receipt from charitable organization.

[  ] Unreimbursed Medical & Dental Expenses: If you had a significant amount of medical or dental expenses that were not covered by insurance or paid by another party, you may be entitled to a tax deduction.

[  ] Domestic Help: If you employ domestic help, you may be subject to additional tax and filing requirements as a household employer.

[  ]  Education Expenses & Student Loan Interest: Provide tax document reporting any tuition or other educational expenses paid.

Foreign Account Reporting

[  ]  Foreign Bank Account: Did you have an interest in or signatory authority over a financial account in a foreign country, such as a bank account or securities account? You may be required to report this to the IRS.

[  ]  Foreign Gifts: If you received gifts of money or other property from an individual who is not a resident of the United States, you may be required to report this to the IRS. Such gifts are reported on an informational return, not a tax return.

Business Activity

[  ]  General business information: name, address, description, and date business started

[  ]  Entity type (i.e. LLC, S Corporation, C Corporation, or Partnership)

[  ]  Bank statements for entire year

[  ]  Check stubs if cleared checks are not pictured on bank statements

[  ]  Electronic copy of file (i.e. QuickBooks)

[  ]  Profit and Loss, and Balance Sheet Statements

[  ]  Loan received or issued documentation

[  ]  Business use of home (provide square footage of home, square footage of business use area)

  • Indirect expenses
    Mortgage interest $
    Real estate taxes $
    Casualty losses $
    Insurance $
    Rent $
    Repairs & maintenance $
  • Direct expenses
    Mortgage interest $
    Real estate taxes $
    Casualty losses $
    Insurance $
    Rent $
    Repairs & maintenance $

[  ]  Automobile Use

  • Automobile mileage (provide total mileage for the tax year, business mileage, commuting mileage for the tax year)
  • Actual expenses (parking fees and tolls, gasoline, repair, tires, insurance)

[  ]  Form 1099-MISC

[  ]  Form 1099-NEC (Nonemployee Compensation). If you paid an individual or unincorporated entity (including LLCs) over $600 and plan to deduct those costs as a business expenses, this form should be filed. NOTE: this has replaced Form 1099-Miscellaneous; which is now used to report rents, royalties, and other income.

[  ]  Did you receive Paycheck Protection Program (PPP) Loan funding? Did you receive PPP Loan forgiveness? PPP Loan (or forgiveness) documentation – Provide documentation supporting loan forgiveness and/or application status.