Prepare for your tax appointment ahead of time with our helpful checklists.  Bring your prepared checklist and all your paperwork to Killingbeck Tax Preparation here in Kokomo, Indiana to get the most deductions and savings for the Business and/or Rental.

Click here to print our money saving Business and Rental What to Bring Checklists.

Rental What to Bring List

Address Rental #1  ______________________________________________

Address Rental #2  ______________________________________________

Address Rental #3  ______________________________________________

  Rental #1
Rental #2
Rental #3

Days Rented

     

Days Your Personal Use

     

Type of Property Code #

     
 1. Single Family  2. Multi-fam. 3.  Short term lease
4. Commercial  5. Land  6. Royalties  7. Self-Rental

Rents Received

     
If you receive a 1099 on rent we need you to bring it.

Expenses

     
1. Advertising
     
2. Auto Mileage *
     
 *IRS requires you to keep a timely log of each trip's mileage, time, place & purpose. We have free logs for you.
3. Travel Expenses**
     
 **Keep Travel Receipts
4. Cleaning & Maintenance
     
5. Insurance
     
6. Legal & Professional Fees
     
7. Management Fees
     
8. Mortgage Interest
     
9a. Repairs
- Total cost to fix broken items.
A repair keeps an item in working
order but does not prolong its life.

     
 9b. Remodeling, Improvements or Property Purchase
An improvement prolongs the life of the item or adds additional value.
 Date Done
 __________
Item
_____________
     
 __________ _____________      
 __________ _____________      
 __________ _____________      
 __________ _____________       
10. Supplies
     
11. Real Estate Taxes
     
12. Utilities, Gas, Water,
Sewer, Electric, Cable.

     
13. Depreciation*
 We compute.
 We compute. We compute.
*If you are new to use, we will need to see the prior years depreciation schedule.


 


 

 Business What to Bring List

 

Gross Receipts or Sales

___________
 If you received a 1099 we need you to bring it.
 
 If you have inventory complete this section:
 
      ~ Inventory on 12/31/2013 (IRS requires inventory)
 
      ~ Inventory on 12/31/2014 (IRS requires inventory)
 
      ~ Cost of items purchased
 
      ~ Cost of items withdrawn for personal use
 
 

Expenses

 
 1. Advertising
 
 2. Auto or Truck Business Mileage*
 
 *IRS requires you to keep a timely log of each trip's mileage, time, place & purpose.
We have free logs for you.
 3. Interest & Excise Tax on Vehicle
 
 4. Contract Labor Paid (if paid over $600 we need
name, address & SS # as must send 1099.)
 
 5. Equipment, Tools, Improvements or Property Purchased
 Date put in service
Item Cost
 ______________
 ______________________________  ________
 ______________  ______________________________
 ________
 ______________  ______________________________  ________
 6. Equipment, Tools, Improvements or Property Sold or Traded
 Date Sold or Traded
Item Cost
 __________ ____________ _______________________  ________
 __________  ___________ _______________________  ________
 7. If new client, need last year's depreciation schedule.
 
 8. Insurance (All but owner's health insurance)
 
 9. Owner's Health Insurance (Medicare & Pension)
 
 10. Loan Interest (Can include credit cards
interest if used exclusively for business.)
 
 11. Legal & Professional Fees
 
 12. Office Supplies & Postage
 
 13. Rent or lease of equipment or vehicles
 
 14. Rent or lease of real estate
 
 15. Repairs and Maintenance
Repair Vs. Improvement:
A repair keeps an item in working order, but doesn't prolong its life.
An improvement prolongs the life of the item or adds additional value.
 
 16. Supplies
 
 17. Taxes & Licenses
 
 18. Overnight Travel Costs
 
 19. Meals & Entertainment
 
 20. Utilities: Gas, water, sewer, electric, cable
 
 21. Employee wages
 
 22. Business % of cell phone & internet
 
 23. Other Expenses: ____________________________
 
                                     ____________________________
 
 24. Exclusively used office in home:     Sq feet
~ A home office must be exclusively and regularly used for your principle
place of business or to manage it.
~ Storage and separate structures don't need exclusive use.
 
       Mortgage Interest paid on home
 
       Real Estate Tax
 
       Insurance
 
       Utilities that pertain to office
 
       Repairs & Maintenance that affect office
 
       Other: _____________________________________________