Annual Tax Preparation Checklist

Complete this checklist each tax season to ensure accurate filing and maximum deductions.

🗓️ Tax Year: 2025

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Important Deadlines January 31: Issue 1099s to contractors paid $600+ March 15: S-Corp and Partnership returns due April 15: Individual tax returns due (Schedule E for rental properties) October 15: Extended deadline (if filed for extension)

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✅ Pre-Filing Tasks

Document Gathering

• [ ] Pull all transaction records from Transactions database
• [ ] Gather 1098 mortgage interest statements from lenders
• [ ] Collect 1099-INT for interest income from bank accounts
• [ ] Obtain property tax statements from county assessors
• [ ] Compile insurance policy statements (premiums paid)
• [ ] Gather receipts for major repairs and improvements
• [ ] Document mileage log for property-related travel
• [ ] Collect HOA statements and special assessment notices

Property-by-Property Review

• [ ] Verify all rental income received and deposited
• [ ] Confirm security deposits properly accounted for
• [ ] Document vacancy periods and lost rent