Did you get stimulus check 1 amount issued by IRS? stimulus check 1 (Issued in April – July 2021, $1200 per Taxpayer, Spouse and $500 per dependents child will receive 1444 from IRS)
Did you get stimulus check 2 amount issued by IRS?stimulus check 2 (Issued in January 2021, $600 per person will receive 1444B from IRS)
Did you get stimulus check 2 amount issued by IRS?stimulus check 3 (Issued in January 2021, $600 per person will receive 1444B from IRS)
If above question is YES provide the amount received
Note: Please provide the residential details for the previous years as well so that we can calculate your residential status.
Did you or your Spouse file an Iowa Income Tax Return last year? If YES - Provide last year federal tax return
Are you or your Spouse covered by Massachusetts Health Insurance? If YES - Provide Form 1099-HC
Note: please skip this if you have not resided in Iowa or Massachusetts
(Enter only expenses incurred during 2021to the extent not reimbursed by your Employer)
A) Home Mortgage Interest & Points (For property in US) - Provide Form 1098 - Enter only the Interest Amount not your EMI
B) Property Taxes (For property in US)
C) Home Mortgage Interest (For property in India/Foreign Country) - Please mention Bank Name, Bank Address & Interest Amount in USD - Provide only Interest Amount not your EMI
D) Property Taxes (For property in India)
E) Student Loan Interest Paid in US - Provide Form 1098-E
F) Tuition Fees Paid in US - Provide Form 1098-T
G) Contributions to Traditional IRA (Individual Retirement Account) - This is not 401K provided by your Employer. If Roth IRA, please mention Roth IRA
H) Contributions to HSA (Health Savings Account) - Provide Supporting Doc
I) Distributed amount from HSA (Health Savings Account) - Provide Supporting Doc (1099SA)
J) Medical Expenses (Read Note Below)
K) State Income Taxes Paid at the time of filing your 2021 Tax Return- Provide 2020 Tax Return
L) Any other expenses not listed above
Note: If you are married and spouse was due for maternity during 2021, recollect if there was any trip made by your parents or in-laws or (or other relative) for maternity purposes. If Yes - Please fill the Visa Processing Fees, Round Trip Airfare Fees and Visitor Medical Insurance incurred for only ONE Person who assisted in your Spouse maternity. You may also claim this person as Dependent on your tax return if her stay in US was more than 6 months during 2021 and apply for her ITIN if she did not have a valid SSN.
A. Name of the Dependent for whom these expenses were incurred
B. Name of the Institution/Person to whom the amount was paid
C. Federal ID/SSN of the Institution/Person to whom the amount was paid
D. Address of the Institution (Street Address, City, State, Zip code)
E. Amount of Expenditure Incurred
F. Amount reimbursed by the Employer, if any
Note: Please maintain Receipts to support your claims.
Note: If you have more than 20 Transactions, please send us the sale & purchase details in an excel sheet with columns listed above. Please note that you may be charged $5 for each extra page of your Schedule D while the first page is FREE. We can also help you in planning the timing of exercise of your Incentive Stock Options (ISOs) or Employee Stock Purchase Plan (ESPPs). Unplanned exercise of ISOs may greatly impact your AMT!
Note: Please fill in these details if you had any Rental Income in US Please fill in these details if you had any Rental Income in US
A. Property Type? (Residential/Commercial)
B. Location/Address
C. Specify the following:
A. No. of months rented in year 2020B. No. of months you used for personal purpose
D.Property is owned by (Taxpayer/Spouse/Joint)
E. Date this property was purchased (mm/dd/yy)
F. Cost of the property
G. Rental Income received
H. Rental Expenses incurred to earn Rent, if any
A) Foreign Income from which source
B) Amount of Foreign Income
B) Foreign Taxes (if any) with held
Did you have more than $10,000 in your Foreign Accounts at any time during the Year 2021?
Did you have more than $50,000(if filing single) or $100,000(if filing jointly with spouse) in your Foreign Accounts at any time during the Year 2021?
Note: If you have any queries please mention all those in the above table.
We thank you for investing your time in filling this Tax Organizer and we request you to kindly offer us the privilege of serving the tax planning and filing needs of your friends/colleagues/employee group for the Tax Year 2022. We would be pleased to honor you with a Referral Bonus @ $10 per referral. Please enter their Names & Contact Details below
We offer up to 10% discount if you find any challenges in OUR Knowledge Practice/Service Vs Your Service Provider!
1. If you get an audit on account of your Unreimbursed Employee Business Expenses deduction on your tax return, do not panic! You may just have to provide the following additional information to the IRS: a) Receipts of education expense, including the business purpose. b) A list of all other expenses included as other business expenses and the verifying receipts and substantiation. c) The worksheet for business use of home with verification of all expenses included It is very important you organize all documentation in an orderly manner for all future record purposes. You must clearly show how all records you maintain correspond to the amounts claimed on your return. If you fail to maintain proper records, you may have to pay additional taxes including interest and penalties in the event of audit. For any further clarification, please feel free to contact our team. We assure you of our best talent and service at all times.
Very Sincerely, TECHOSOM TAX CONSULTING 2340wRosemont ave, Chicago, IL 60659
www.techosom.net