2023 Info Needed

11332 Trillium Way, San Diego, California 92131, United States

CPA Calini

Need to FILE TAXES? You Have Questions - We Have Answers

DUE DATES

1040

The individual 2024 filing season starts January 29, 2024, and the business 2024 filing season starts January 16th, 2024 - which is when the IRS will start accepting tax returns. Personal Tax Returns (Form 1040) and Subchapter C Corporation Tax Returns (Form 1120) for tax year 2023 must be filed by April 15th, 2024 (unless an extension is filed or you live in a Maine or Massachusetts - where the deadline is April 17th, 2024). You may apply for an extension to file by October 15th, 2024 (but you can not receive an extension to pay).

Calendar Year 2023 Partnership and Subchapter S Corporation Tax Returns are due on by March 15th, 2024.

Basic information REQUESTED

PREVIOUS TAX RETURNS

Prior year federal and state tax returns

forms for: wages/independent contractor income/unemployment/social security

W-2, 1099-NEC, 1099-G, SSA-1099

did you own any partnership or sub s corporation or Trust

K-1 (Forms 1065, 1120-s, 1041)

Affordable care act forms

1095-A, 1095-B, 1095-C (Health insurance is mandatory in California)

Interest and dividends forms

1099-INT, 1099-DIV, and let us know if you have a foreign bank account

Brokerage statements (form for Stocks sold)

1099-B, Annual Brokerage Statements

Education and Student loan interest paid form

1098-T, 1099-E

Health savings accounts forms

5498-SA, 1099-SA

estimated payments

Let us know if you paid any federal or state estimated tax payments

IRA or ROTH IRA

Contributions made for 2023 or required distributions received in 2023

BUSINESS ACQUIRED ASSETS

Bonus Depreciation at 100% ended in 2022 and is 80% for assets placed in service in 2023

BUSINESS MEALS

Business meals for 2021 and 2022 were deductible at 100%, but the allowable percentage dropped back to 50% in 2023

EMPLOYEE RETENTION CREDIT

Despite all the negative publicity, if you legitimately qualify for this FREE MONEY you should apply for it before May 2024.

Virtual securities

At any time during 2023, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency?

Itemized deductions

If you don't take the standard deduction we will need the following:

Medical Expenses

These have to be enough to get over 7.5% of adjusted gross income

Taxes you paid

Real estate, automobile, and copy of receipt for sales tax on car or boat

Interest on mortgages

1098 and let us know if you: (1) refinanced - include your HUD statement (private mortgage insurance premiums are no longer deductible). Mortgages between 1987 and 2017 limited to $1 million and mortgages after 12/15/2017 are limited to $750,000. Limitations apply to the combined total mortgages of your main home and second home.

gifts to charity

Cash and property receipts from recognized charities

Other information

Add a footnote if this applies to your business

CPA Calini

Need to FILE TAXES? You Have Questions - We Have Answers

DUE DATES

1040

First time individual clients should plan on submitting the following documents.

Basic information REQUESTED

PREVIOUS TAX RETURNS

forms for: wages/independent contractor income/unemployment/social security

did you own any partnership or sub s corporation or Trust

Affordable care act forms

Interest and dividends forms

Brokerage statements (form for Stocks sold)

Education and Student loan interest paid form

Health savings accounts forms

estimated payments

IRA or ROTH IRA

BUSINESS ACQUIRED ASSETS

BUSINESS MEALS

EMPLOYEE RETENTION CREDIT

Virtual securities

Itemized deductions

Medical Expenses

Taxes you paid

Interest on mortgages

gifts to charity

Other information

self employed

rental properties

Energy improvements to your home

education expenses paid

retirement statements

if you want direct deposit

divorced?

new dependents?

Driver's license (both spouse's)

CPA Calini

Need to FILE TAXES? You Have Questions - We Have Answers

DUE DATES

1040

First time individual clients should plan on submitting the following documents.

Basic information REQUESTED

PREVIOUS TAX RETURNS

forms for: wages/independent contractor income/unemployment/social security

did you own any partnership or sub s corporation or Trust

Affordable care act forms

Interest and dividends forms

Brokerage statements (form for Stocks sold)

Education and Student loan interest paid form

Health savings accounts forms

estimated payments

IRA or ROTH IRA

BUSINESS ACQUIRED ASSETS

BUSINESS MEALS

EMPLOYEE RETENTION CREDIT

Virtual securities

Itemized deductions

Medical Expenses

Taxes you paid

Interest on mortgages

gifts to charity

Other information

self employed

rental properties

Energy improvements to your home

education expenses paid

retirement statements

if you want direct deposit

divorced?

new dependents?

Driver's license (both spouse's)

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