Tax Forms and Information Essentials

Katie St. Norris from St. Norris Wealth Management provides a comprehensive guide on the necessary documents and information needed for tax preparation. The video covers personal information, various income sources, and common tax deductions, along with the relevant forms required for each. It concludes with a reminder to visit the website for a complete list of items needed.

What personal information is essential for tax preparation?

• Your favorite color

• Your social security number

• Your pet's name

• Your favorite food

Which form is typically used for reporting employment income?

• SSA 1099

• 1099-G

• 1099-Miscellaneous

• W-2

If you are self-employed, which form might you need?

• 1099-NEC

• SSA 1099

• W-2

• 1099-Interest

Which form is used to report interest income?

• 1099-B

• 1099-Interest

• 1099-DIV

• 1099-S

What form is used for reporting mortgage interest?

• 1099-G

• 1099-Miscellaneous

• 1095-A

• 1098

Which form is associated with educational expenses?

• 1098-T

• 1099-B

• 1099-NEC

• 1099-S

What should you do if you have non-cash charitable donations?

• Keep records of them

• Sell them

• Donate them again

• Ignore them

What form is used for reporting HSA contributions?

• 5498-SA

• 1099-DIV

• 1099-Interest

• 1099-R

Which form is used for IRA contributions?

• 1099-B

• 5498

• 1099-S

• 1099-NEC

Where can you find a complete list of required tax documents?

• In a fashion magazine

• At a grocery store

• On Katie St. Norris's website

• In a local newspaper