What types of documents should help prepare tax return

What types of documents should help prepare tax return?

When doing taxes, there are a lot of documents that you need to have in order to prepare your tax return and there are useful documents that you don’t need but will help you prepare your tax return.

 

Must have documents to prepare tax return

Here is a list of documents that you need to have to prepare your tax return.

 

Helpful documents that should help prepare tax return

While the types of documents below are not vital in preparing tax returns, they should help you prepare your tax return.

• receipts showing all sorts of expenses
• cancelled checks
• all records of income and expenses
• any documents to prove income or expenses

While the IRS prefers concrete evidence of your income and expenses if you are claiming tax deductions or tax credits, if you don’t have them, then the IRS will take whatever proofs you may have to ascertain that your claims for deductions and tax credits are allowed.