2009 Individual Tax Return Checklist

A Grade Tax Accountants Penrith NSW - Tax Returns

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When you come in to see us at A Grade Tax, please bring the following items to assist us in completing your tax return:

Employment Deductions

  • Schedule of work related expenses i.e. tools,  phone, uniform, income protection insurance
  • Receipts or evidence of car / travel / protective clothing / protective eyewear
  • Union fees

Investment related deductions

  • Interest / fees on borrowing for investment purposes (bring statements)
  • Asset purchase / Asset sale agreements

Other deductions

  • Tax Agent Fees
  • Superannuation if self employed
  • Receipts for donations to charity
  • Receipts for self education expenses eg books, computer costs, travel, course fees, stationery

Investment property

  • Water charges
  • Bank fees
  • Details of when property was rented, including any rental or Agents statements
  • Date when property was purchased
  • Cost&date of any improvements
  • Interest on loans
  • Advertising fees
  • Agent fees
  • Body corporate fees
  • Borrowing expenses
  • Repair&maintenance expenses
  • Council rates
  • Gardening&mowing fees
  • Insurance premiums paid
  • Land tax details
  • Travel costs&details

Offsets

  • Spouse contributions to super
  • Private health insurance statement
  • Medical receipts if out of pocket expenses exceed $1,500
  • Zone – if living in remote area
  • Education costs for Primary&high school students – see separate worksheet

Other useful information

  • Loan statements
  • BSB & bank account details

Income earned statements

  • PAYG Payment Summaries (Group Certificates)
  • Centrelink statements
  • Bank statements showing interest
  • Tax statements from Fund Managers
  • Share dividend statements
  • Contract notes for share buy & sell transactions
  • Trust distribution statements
  • Details of any assets sold
  • Lump sum payments – Eligible Termination Payment Statements
  • Rental income
  • Partnership distributions
  • Foreign source income

New clients

  • Last years income tax return
  • Previous years accountants fees
  • Prior year tax losses

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