Finance Blog

Your Must-Have 2014 Tax Filing Checklist

Written by Eva Rosenberg on February 24, 2014 in Tax  |   2 comments

The 2014 tax filing season is here, and you may be scrambling to gather the correct paperwork—especially if you were disorganized with your record keeping in 2013. To ensure that you’re prepared before you head to your tax pro’s office or open your tax preparation…

2014 tax filingThe 2014 tax filing season is here, and you may be scrambling to gather the correct paperwork—especially if you were disorganized with your record keeping in 2013.

To ensure that you’re prepared before you head to your tax pro’s office or open your tax preparation software, review the list below and start collecting your paperwork as soon as possible:

Your W-2s. Gather all W-2s from all sources. Did your company change hands during the year? Be sure to get both W-2s. Also, think back: Did you have a different job early in the year?

Estimated tax records. If you pay estimated taxes quarterly, it’s important to pay enough and avoid penalties. You must pay taxes on April 15, June 15, Sept. 15, and Jan. 15. If you don’t pay by the due date, you may incur a penalty—even if you are due a refund when you file your income tax return.

Your 1099s. 1099s come in many flavors, so be sure to gather any that you need, including:

  • 1099-MISC for self-employed folks
  • 1099-C (or COD) for cancellation of indebtedness on mortgage or credit card debt
  • 1099-INT for any interest income
  • 1099-DIV for your dividends
  • 1099-B for stock sales and barter transactions

Form 1098. If you own a home, you may receive a 1098 that tells you how much you paid in interest the previous year. This interest may be deductible.

You may also receive other 1098s, including a 1098-C if you donated a car or boat to a tax-exempt organization, a 1098-E if you paid interest on student loans, or a 1098-T, which tells you how much you paid in tuition for post-secondary education.

A schedule K-1. If you’re a shareholder in an S Corp, a partner in a partnership, or a beneficiary of an estate or trust, you’ll likely receive a K-1. You’ll probably receive it much later than other forms, though, because the entity—the partnership or S Corp, for example—needs to complete its tax return before it can issue this form to you.

Property tax statements. Your annual mortgage statement will tell you the amount of real estate taxes you paid in the previous year. You may only deduct the actual property taxes. Neither interest and penalties nor other assessments that are often included in your property tax statement are deductible.

Receipts for vehicle registration. Vehicle registration payments are deductible as long as the fee is based on the value of the vehicle instead of its weight. Additional fees for things like vanity license plates are not deductible.

Receipts for charitable donations. Be certain to have all of your receipts for any donations of $250 or more. You must have them in hand before you file your tax returns. People who made thousands of dollars of legitimate donations have lost the deductions because they didn’t request their receipts until they were called in for audit.

Naturally, there are many other things you will need (like copies of everyone’s Social Security cards and proof of date of birth). For more information about additional forms or papers that you may have to provide, consult with a tax professional.

Eva Rosenberg, EA is the publisher of TaxMama.com ®, where your tax questions are answered. She is the author of several books and ebooks, including Small Business Taxes Made Easy. Eva teaches a tax pro course at IRSExams.com and tax courses you might enjoy at http://www.cpelink.com/teamtaxmama.


  1. Anonymous says:

    Where are the forms?

    M. Gamondi

  2. Ilyce R. Glink, managing editor, Equifax Finance Blog says:

    You can find all the forms you need at the IRS website: http://www.irs.gov.

Leave a Comment

Name :

Commenting guidelines

We welcome your interest and participation on this forum, but be aware that comments will be published at Equifax's sole discretion. Please don't use this blog to submit questions or concerns about your Equifax credit report or raise customer service issues. Instead, you should contact Equifax directly for all such matters and any attempts to do so in this forum will be promptly re-directed.

Some other factors to consider when commenting:
  1. Registration and privacy. While no registration is required to visit our forum, participants wishing to post a message must register by creating an account. All personal information provided by forum members incident to registration is governed by our Terms of Use and Privacy Policy.
  2. All comments are anonymous. We'll delete your name, e-mail address, and any other identifying information, including details about your investments.
  3. We can't post or respond to every comment - As much as we'd like to, we can't post every comment, nor can we guarantee that we will respond to each individual message. All questions or comments about your Equifax credit report or similar customer service issues should be handled by contacting Equifax directly.
  4. Don't offer specific legal, tax or financial advice. All of the materials on this Site are for information, education, and noncommercial purposes only and this forum is not intended as a means of expressing views or ideas regarding any specific legal, tax, or investment advice. While offering general rules of thumb is both permitted and encouraged, recommending specific ideas or strategies regarding investments, taxes, and related matters is prohibited.
  5. Credit Repair. This blog is not intended as a venue for the discussion or exchange of ideas regarding credit repair or other strategies intended to assist visitors and community members improve or otherwise modify their credit histories, ratings or scores.
  6. Stay on topic. Your comment should be concise and pertain to the specific post in question.
  7. Be respectful of the community. The use of profanity, offensive language, spam, and personal attacks will not be tolerated and egregious or repeat offenders will be banned from future participation. We encourage disagreement and healthy debate, but please refrain from personal attacks on our WordPresss and contributors.
  8. Finally: Participation in this forum may be terminated by Equifax immediately and without notice for failure to comply with any guidelines or Terms of Use. As such, you should familiarize yourself with all pertinent requirements prior to submitting any response through the blog or otherwise. All opinions expressed in this forum are solely those of the individual submitting the comment, and don't necessarily represent the views of Equifax or its management.

Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.

Tax Archive

Stay Informed Sign up for our FREE Equifax email Newsletter