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JH Lotus
Tax Solutions

Tax Client Checklist

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.

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