Our firm utilizes “ProSystem fx Tax” software (a CCH Wolters Kluwer application) for preparing the tax returns of our clients. This application provides a questionnaire that can help you identify essential information to be reported on your 2015 income tax returns.
I recommend completing this form prior to submitting information to your tax preparer. This exercise can increase the likelihood of efficiently assembling the data necessary to prepare a complete return, which can improve effectiveness in tax preparation for you at a lower fee cost.
Personal Information | Yes | No |
Did your marital status change during 2015? | ||
Are you legally married? | ||
If Yes, do you and your spouse want to file separate returns? | ||
If Yes, will you file a joint federal return and be required to file single state returns? | ||
If No, are you in a domestic partnership, civil union, or other state-defined relation | ||
relationship? | ||
Did you address change during 2015?? If yes, please provide details. | ||
Can you or your spouse be claimed as a dependent by another taxpayer? | ||
Dependents | ||
Were there any changes in dependents from the prior year? (Note: Include non-child | ||
dependents for whom you provided more than half the support) | ||
Did you pay for child care while you worked or looked for work? | ||
Do you have any children under age 18 with unearned income more than $1,000? | ||
Do you have any children age 18 or student children, aged 19 to 23, who did not provide | ||
more than half of their cost of support with earned income and that have unearned | ||
income of more than $1,000? | ||
Did you adopt a child or begin adoption proceedings during 2015? | ||
Purchases, Sales & Debt | ||
Did you have any debts canceled, forgiven or refinanced during 2015? | ||
Did you start a new business, purchase a new rental property, farm or acquire any new | ||
interest in any partnership or S-Corporation during 2015? | ||
Did you sell an existing business, rental property, farm or any existing interest in a | ||
partnership or S-Corporation during 2015? | ||
Did you sell, exchange or purchase any real estate in 2015? If so, please attach the | ||
closing statements. | ||
Did you withdrawal any amounts from your Individual Retirement Account (IRA) or | ||
Roth IRA to acquire a principal residence? | ||
Did you receive grants of stock options from your employer, exercise any stock options | ||
granted to you or dispose of any stock acquired under a qualified employee stock | ||
purchase plan? | ||
Did you pay any student loan interest in 2015? | ||
Are your total mortgages on your first and/or second residence greater than $1,000,000? | ||
If so, please provide the principal balance and interest rate at the beginning of the year | ||
Did you have an outstanding home equity loan at the end of 2015? If so, please provide | ||
the principal balance and interest rate at the beginning and end of the year. | ||
Did you take out a home equity loan in 2015? | ||
Are you claiming a deduction for mortgage interest paid to a financial institution and | ||
someone else received the Form 1098? | ||
Did you or your mortgagee receive any mortgage assistance payments? | ||
Did you engage in any put option or call option transactions? If yes, provide details. | ||
Did you close any open short sales during 2015? | ||
Did you sell any securities not reported on your Form 1099-B? | ||
Sale of Your Home (Principal Residence) | ||
Did you sell your home (i.e., principal residence) in 2015? | ||
If Yes, did you receive Form 1099? | ||
If Yes, did you own and occupy the home as your principal residence for at least | ||
two (2) of the five (5) year period prior to the sale? | ||
Did you ever rent out this property? | ||
Did you ever use any portion of the home for business purposes? | ||
Have you or your spouse sold a principal residence within the last two (2) years? | ||
At the time of the sale, the residence was owned by: ___Taxpayer ___Spouse ___Both | ||
Itemized Deductions | ||
Did you contribute property (other than cash) with a fair market value greater than | ||
$5,000 to a charitable organization? | ||
Did you incur any casualty or theft losses during the year? | ||
Did you make any large purchases, such as motor vehicles and boats? | ||
Did you incur any casualty or loss attributable to a federally declared disaster? | ||
Severance/Retirement | ||
Did you retire or change jobs in 2015? | ||
Did you receive deferred, retirement or severance compensation? | ||
If Yes, enter the date received (Mo/Da/Yr). ________ (Date) | ||
Did you or your spouse turn age 70 ½ during the year and have money in an IRA or | ||
other retirement account while not taking any distribution? | ||
Gifts | ||
Did you or your spouse make any gifts, including birthday, holiday, anniversary, | ||
graduation, etc., with a total (aggregate) value in excess of $14,000 to any individual | ||
during the year? | ||
Did you or your spouse make any gifts to a trust for any amount during the year? | ||
Do you or your spouse have a life insurance trust? | ||
Did you assist in the purchase of any asset (i.e., auto, home, etc.) for any individual | ||
during the year? | ||
Did you forgive any indebtedness to any individual, trust or entity during the year? | ||
Did you or your spouse make any gifts of difficult-to-value assets (such as non-publicly | ||
traded stock) to any person regardless of value? | ||
Miscellaneous | ||
Did you or your spouse have any transactions pertaining to a medical savings | ||
account (MSA) during 2015? If you received Form 1099-SA, please provide. | ||
Did you or your spouse have any transactions pertaining to a health savings account | ||
(HSA) during 2015? If you received Form 1099-SA, please provide. | ||
Did you or your spouse contribute to a Roth IRA or convert an existing IRA into a | ||
Roth IRA? | ||
Did you or your spouse roll into a Roth IRA any distributions from a retirement plan, an | ||
annuity plan, tax shelter annuity or deferred compensation plan? | ||
Did you or your spouse make a qualified charitable distribution from an IRA during | ||
January of 2016 that was treated as though it were made in 2015? | ||
Did you withdrawal any amounts from your IRA to pay for higher education expenses | ||
incurred by you, your spouse, your children or grandchildren? | ||
Did you withdraw amounts from a Coverdell Education Savings Account or Qualified | ||
Education Program (Section 529 plan)? If Yes, please provide Form 1099-Q. | ||
Did you or your dependents incur any post-secondary education expenses, such as | ||
tuition? | ||
If you or your spouse are self-employed, are you or your spouse eligible to be covered | ||
under an employer’s health plan at another job? If Yes, how many months were you | ||
covered? _____ (No. of Months) | ||
Did you move to a different home because of a change in the location of your job? | ||
Did you pay in excess of $1,000 in any quarter, or $1,800 during the year for domestic | ||
services performed in or around your home to individuals who could be considered | ||
household employees? | ||
Did you receive unreported tip income of $20 or more in any month of 2015? | ||
Did you or your spouse receive distributions from long-term care insurance contracts? | ||
If Yes, please provide Form 1099-LTC. | ||
Were you or your spouse a grantor or transferor for a foreign trust, have an interest in or | ||
a signature or other authority over a bank account, securities account or other | ||
financial account in a foreign country? | ||
Did you or your spouse own any foreign financial assets? | ||
Did you create or transfer money or property to a foreign trust? | ||
Did you purchase a new alternative technology vehicle, including a qualified plug-in | ||
electric drive motor vehicle in 2015? | ||
Did you use gasoline or special fuels for business or farm purposes (other than for a | ||
highway vehicle) during the year? If Yes, provide the gallons used for off-highway | ||
business purposes. | ||
Have you received a punitive damage award or an award for damages other than for | ||
physical injuries or illness? | ||
Were you notified by the IRS or other taxing authority of changes in prior year returns? | ||
Did you lose your job during 2015 because of foreign competition and pay for your own | ||
health insurance? | ||
Did you install any alternative energy equipment in your residence such as solar water | ||
heaters, solar electricity equipment or fuel cells? | ||
Did you install any energy efficiency improvements, or energy property in your | ||
residence such as exterior doors or windows, insulation, heat pumps, furnaces, central | ||
air conditioners or water pumps? | ||
Have you been an identity theft victim and have you contacted the IRS? If Yes, please | ||
furnish the 6-digit identity protection PIN issued to you by the IRS. ______ | ||
Did you engage in any bartering transactions? | ||
Did you have any work outside of the U.S. or pay any foreign taxes? | ||
Did you or your spouse serve in the military or were you or your spouse on active duty? | ||
Did you or your spouse claim a homebuyer credit for a home purchased in 2008? | ||
Did you have healthcare coverage (health insurance) for yourself, your spouse, and any | ||
dependents during 2015? |
Please note: I reserve the right to delete comments that are offensive or off-topic.