IRS Registered Tax Return Preparer

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Itemized Deductions

An itemized deduction is an eligible expense that individual taxpayers in the United States can report on their federal income tax return in order to decrease their taxable income.

Most taxpayers are allowed a choice between the itemized deductions and the standard deduction. After computing their adjusted gross income (AGI), taxpayers canitemize their deductions (from a list of allowable items) and subtract those itemized deductions (and any applicable personal exemption deductions) from their AGI amount to arrive at their taxable income amount. Alternatively, they can elect to subtract the standard deduction for their filing status (and any applicable personal exemption deduction) to arrive at their taxable income. In other words, the taxpayer may generally deduct the total itemized deduction amount, or the standard deduction amount, whichever is greater.

The following references will identify the allowable itemized deductions. Choose any or all of these web sites for further explanations:

http://www.irs.gov/taxtopics/tc500.html

http://taxes.about.com/od/preparingyourtaxes/a/1040step6_2.htm

http://money.usnews.com/money/blogs/my-money/2013/03/27/8-ways-to-boost-your-tax-refund-with-itemized-deductions


QUESTIONAIRE for Itemized Deduction
(Schedule A)

Yes

No

YOU HAVE ANY OF THE FOLLOWING MECICAL EXPENSES?

Total Amount

Doctors, Dental

Hospitalization expense

Insurance premiums

Prescriptions

Travel expenses related to health
care

Mileage driven for health care

Yes

No

YOU PAY ANY OF THE FOLLOWING TAXES?

Total Amount

Real estate taxes on primary residence

Real estate taxes on second home

Real estate taxes on other investment property

Auto license fees

Estimated state income tax payments

Other personal property taxes

Yes

No

YOU PAY ANY OF THE FOLLOWING INTEREST?

Total Amount

Mortgage Interest on your primary residence

Mortgage Interest on second home

Mortgage Interest paid to a private Individual

Did you refinance your mortgage
(Include a copy of the closing papers)

Did you purchase a new home
(Include a copy of the closing papers)

Did you pay loan insurance on a home purchased or refinanced in 2013

Did you sell your primary or second home
(Include a copy of the closing papers)

Did you have any investment interest

(If over $250 the organization must provide name and date of contribution)

Yes

No

YOU HAVE CHARITABLE CONTRIBUTION CREDIT FOR USED ITEMS?

Total Amount

Cash or check contributions

(You must have a check or statement from the recipient)

Non-Cash contributions (Salvation
Army – Good Will Stores)

Mileage driven for charitable causes

Do
you have any Casualty or Theft loss not reimbursed by Insurance?

Description

____________________________________________

Date
of Loss ____________

Yes

No

DO YOU HAVE CREDIT ADJUSTMENTS?

Educational College

Child Care

Moving expenses

Retirement Contributions

Energy Savings (Hybrid car – windows – doors)

Yes

No

DO YOU HAVE ANY OF THE FOLLING MISCELLANEOUS EXPENSES?

Total Amount

Gambling losses

Job search expenses

Job related expenses

Investment expense, Fees, Seminars, etc

Legal costs to produce Income

Safe deposit box for records

Tax preparation fees

Yes

No

YOU HAVE OTHER EXPENSES THAT MAY BE DEDUCTIBLE?

Total Amount

Describe expense

Yes

No

DO YOU HAVE CHILDCARE COSTS?

Total Amount

Providers Name:

Tax ID or SSN:

Yes

No

YOU HAVE ANY OF THE FOLLOWING EDUCATION EXPENSES?

Total Amount

Student loan interest payments

Tuition payment

Students Name:

Was the student in their 1-2-3-or 4th year of College? _____

Tuition payment

Students Name:

Was the student in their 1-2-3-or 4th year of College? _____

Do you want
Direct Deposit?
Please
provide:

Bank name
_________________________________________

Routing number
_____________________________________

Account number
_____________________________________

Or you can provide a copy of a check with VOID written across it.

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