Sharon Gross, CPA

Essential Tax Documents You Need for a Smooth Filing Process

Preparing for tax season doesn't have to be stressful. Whether you're an individual taxpayer, a business owner, or managing an estate, having the right documents in hand makes all the difference. Starting early and knowing what's needed can streamline the filing process and reduce the risk of errors or missed deductions.

For individuals, the essentials include W-2 forms from employers, 1099s for freelance or investment income, Social Security statements, and documentation for deductible expenses like student loan interest, mortgage payments, or medical bills. You'll also need your previous year's return and any IRS correspondence you've received.

Business owners should gather income statements, expense records, payroll documents, and any 1099s they've issued or received. Those managing trusts or estates must collect K-1s, distribution statements, and legal documents related to asset transfers. Organizing these materials not only makes the tax process easier but also helps your CPA uncover additional savings opportunities.