Business Tax Checklist

Below is a business tax checklist of items that you should bring with you for your tax consultation.
Checklist

  1. New clients should bring the last federal and state tax return filed for the business as well as a copy of Articles of Incorporation or Organization, Form 2553 Election to file as an S-Corporation, and any other documents used to set up the business.
  2. Business income and expenses. (A list of expenses is acceptable for self-employed persons). Corporations should have a Profit & Loss Statement and Balance Sheet.
  3. Vehicle Information for Business Standard Mileage:
    – Year, make & model of vehicles used for business
    – Total number of miles driven for ALL purposes for this vehicles
    – Business miles driven. Beg & End Odometer Readings.
    – A log with dates, miles and business purpose.
  4. Vehicle Information for Business Actual Expenses Deduction:
    – All of the above, and
    – A list of total expenses for gasoline, oil changes, tires, and repairs.
    – Total cost of insurance for the vehicle.
    – License plates, registration, etc.
    – Interest paid on loan for business vehicles.
  5. Detailed Depreciation Schedule. This should be included in your copy of the prior year tax return.
  6. Capital Items purchased for the business during the current year. (Bring receipts)
    Date Purchased: ________ Description: _________ Cost: ________
  7. A copy of Payroll forms 941, 940, SUTA, and W-3 and W-2s.
  8. A copy of Sales Tax Returns if you are subject to sales tax.
  9. Form 1099-MISC and any other forms and/or letters re tax.


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