Are you ready to file your taxes?

January 22, 2010

If you expect to get a refund, then your initial answer to my query about your readiness to file your taxes will be an immediate and emphatic "Duh!"

Tax filing desk clutter But my question is really about the filing process itself.

Even if you use tax software and e-file, whether via your own computer or via Free File, you need to do some pre-filing preparation

The same is also true if you take your tax material to a professional for filing.

So here are some things to think about before you sit down at your PC or Mac or head out to your accountant's office, overflowing shoebox in hand.

First, you'll need to round up some tax documents, such as:

  • Your prior year federal and state return
  • W-2s for wages, salaries, tips and pensions
  • 1098s for mortgage interest paid
  • 1099s for interest, dividends, state tax refunds and other payments 
  • K-1s from partnerships, S corporations, estates and trusts 
  • Any correspondence you've received from tax agencies

Also be prepared to answer the following questions and provide details (and documentation) where necessary.

Did your marital status change during the year?

Did you receive or pay any alimony payments?

Did you receive or pay any alimony?

Do you have any dependents living with you or are you supporting anyone not living with you?

Did you incur child care or dependent care expenses?

Did you or any member of your household pay college expenses?

Did you buy a new home last year?

Did you make any major improvements to your home?

Did you sell, refinance or face any foreclosure transactions on your personal residence?

Do you own a second residence or any other real estate?

Did you move in connection with a job?

Were you a resident of, or did you have income in, more than one state during the year?

Did you receive any COBRA health insurance premium assistance?

Did you contribute to or convert any retirement plan?

Did you receive distributions from any retirement plan?

Did you make cash or noncash charitable contributions?

Did you buy, sell, or trade any assets?

Did you make any large purchases, such as a vehicle?

Did you sustain any casualty or theft losses?

Did you have any nonresidential debt that was canceled?

Whew! That's a lot of stuff to think about even before you or your tax preparer begin to tackle the actual forms.

And I know I didn't cover it all. So feel free to leave a comment about other pre-filing data and preparation we need to consider before we can start filling in our forms.

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Tax Season 2026 Continues!

We made it. Tax Day 2025 is finally over. For most of us. When the filing season started on Jan. 26, millions who were expecting refunds filed immediately. Most of us got our returns to the Internal Revenue Service by April 15. But plenty of taxpayers also got extensions. They are looking at an Oct. 15 filing deadline.

Those procrastinating filers aren’t a problem. In fact, the IRS appreciates taxpayers who take time to fill out their 1040 forms correctly. It also is grateful that tax submissions are spread out a bit, especially now that the IRS is a leaner agency. Processing returns is easier when they arrive throughout the year instead of in massive bunches.

But enough about Uncle Sam’s tax collection issues. The focus now is on all y’all who filed for extensions, giving you another six months to complete your return. Since your new mid-October due date will be here before you know it, let’s get started now on meeting it.

The ol’ blog is here to help you finish up your extended Form 1040. You can start with January’s tax tips page, which has links to the rest of the year’s tips by-month collections. You also can peruse various tax categories for more tailored advice by clicking on the More Tax Posts drop-down menu at the top of this (and every) page.

And to make sure you don’t miss your new filing deadline, the count-down clock below will let you know just how much time you to file by Oct. 15. At the latest.e. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

Comments
  • This is a nice checklist for most folks. Too often people remember the tax forms but forget to answer the basis questions that can have such a big impact on the return. Good job.

  • This is a great article. Everything is broken down perfectly and accurately. When you prepare to file your taxes this article provides a great checklist. Thank you for posting it.

  • Khaleef, yes by all means, please share this link! Thanks, Kay

  • This is an excellent article/list! I was looking to develop one for prospective clients. Would you mind if I just give them this link?

Comments are closed.