Tax Filing & Financial Verification Document Checklist

Ensure that you have all the necessary documents for your tax filing or financial verification process. Below is a comprehensive checklist:

1. Federal Tax Documents

• W-2 (Wage and Tax Statement)
  Purpose: Reports wages earned from an employer and taxes withheld.
  Action: Collect W-2 forms for each job worked during the year.

• 1099-G (Certain Government Payments)
  Purpose: Reports government payments like unemployment benefits or state/local tax refunds.
  Action: Gather 1099-G if applicable (for unemployment or government-issued payments).

• 1099-NEC (Nonemployee Compensation)
  Purpose: Reports income earned from freelance, contract, or self-employed work.
  Action: Collect 1099-NEC forms from clients or businesses for non-employee work.

• 1098-T (Tuition Statement)
  Purpose: Reports tuition and education-related expenses.
  Action: Ensure the 1098-T form from your educational institution is included.

2. Self-Employment Documentation

• Summary of Income & Expenses (Self-Employed)
  Purpose: Breaks down your income and business expenses for tax purposes.
  Action: Prepare a profit & loss statement showing all income and expenses related to your business or freelance work.

3. Dependents Documentation

• Dependents' Birth Certificates & Social Security Cards (SSC)
  Purpose: Verifies the identity and age of dependents for tax claims.
  Action: Gather copies of each dependent's birth certificate and Social Security card.

• Proof of Residency for Dependents
  Purpose: Confirms the residence of dependents at a specified address.
  Action: Provide documents such as lease agreements or official mail showing your dependents’ address.

4. Residency Verification

• Utility Bill
  Purpose: Verifies current residency at a specific address.
  Action: Obtain a recent utility bill (electricity, water, gas, etc.) showing your address.