7. Look for a copy of last year’s return
If you actually want to use the same preparer that you used last year, he/she is likely to have your previous information. However, if you want to use a new tax preparer, the last year’s return can be a reminder to your new preparer—and you—of some items you definitely don’t want to overlook. Here are two strong examples:
- Interest and dividends. Last year’s return should indicate which banks, mutual funds, or other financial institutions sent you 1099 forms. Use that list to make sure you received 1099s from them again this year (unless you closed those accounts or sold the investments in the meantime).
- Charitable deductions. If you made small gifts, you may not have received any acknowledgment from the organization, but you can still deduct these contributions as long as you have a canceled check or other proof. Consult last year’s list of organizations you donated to and see whether you made similar gifts this year.
