If you have dependents you can claim on your taxes, then it’s a good idea to collect information about them before you begin the process of filing your taxes. Having all of this information on hand before you even begin to file will ensure that the filing process goes as smoothly as possible.
Important Information to Collect
In addition to the name and birth date of your qualified dependents, there is other important information that you should collect before you file your returns. This includes:
- Social security number
- Number of months living in your household
- Income amount (taxable and non-taxable)
- Amount of time as a full-time student (if child is over 18)
Gathering all of this information before you sit down to file your taxes will ensure that you are able to provide the IRS with all of the necessary information about your dependents. If you do not gather this information in advance, it could delay your ability to file your tax return.
If you need some advice about collecting information for your dependents, talking to a qualified tax help specialist is a great start. In the Orlando area, you can put your trust in the pros at Taxation Solutions, Inc. Not only can we help you determine what information you need to collect, we can also help you determine if there are other dependents you can claim!