• Cost of supplies
• Cost of materials
• Cost of items for sale (retail, food & beverage)
• Gross wages paid
• Employer taxes paid
• Rent for office building
• Utilities such as water and electricity
• Internet and telephone
• Office cleaning and supplies
• Accounting or bookkeeping fees
• Automobile expenses
• Bank fees
• Charitable contributions
• Dues and subscriptions
• Insurances-general and professional liability, workers comp, etc
• Licenses and permits
• Meals-Note-Meals with clients are deductible at 50%, while meals for staff meetings and travel are deductible at
• 100%
• Operating supplies
• Real estate taxes for office building
• Travel expenses
• Advertising and marketing costs
• Interest expense paid
• Depreciation on equipment-usually calculated on tax return
• Other industry specific expenses

TIP-The IRS requires actual receipts for expenses. Bank and Credit card statements are not enough to validate a
purchase. Keep the paper, organize by type month and year and file in a box with your tax returns and other financial
documents.
DISCLAIMER-This checklist is not inclusive of every item applicable to your return. Contact a Certified Public Accountant
to assist you with your tax preparation and filing.
Contact the CPA’s at Accounting & Business Partners, LLC – 727-828-9945 or info@yourabpartners.com

• W2 for you and your spouse
• K1’s from business or partnership returns
• Other income records-1099’s, SSA statements
• Health savings account records
• IRA and other investment records and statements
• If filing as a sole proprietor, Schedule C business income and expenses
• Real Estate income and expenses
• Education records and statements
• Childcare records and statements
• Medical expenses
• Mortgage interest and real estate taxes paid

DISCLAIMER-This checklist is not inclusive of every item applicable to your return. Contact a Certified Public Accountant
to assist you with your tax preparation and filing.
Contact the CPA’s at Accounting & Business Partners, LLC – 727-828-9945 or info@yourabpartners.com