You should start gathering your tax records for 2014 to prepare for your tax return filing. Using last years tax return, sort your documents to match the items on your tax return. Here is a list of more common tax records for indivduals:
Information tax forms (W-2, 1099, 1098, 1095-A, etc.) that disclose wages, interest income, dividends, and capital gain/loss activity
Other forms that disclose possible income (jury duty, unemployment, IRA distributions, etc.)
Business K-1 forms
Social Security income
Mortgage interest statements
Tuition paid statements
Property tax statements
Mileage log(s) for moving, medical and charitable driving
Medical, dental and vision expenses
Unreimbursed employee expenses, including mileage
Charitable receipts and documentation
Records of any estimated tax payments
Home sale records
Educational expenses (including student loan interest expense)
Casualty and theft loss documentation moving expenses
Records of any out of state purchases that may require use tax
As a business owner, you should gather and prepare the following documents for your business income tax filing:
Mileage logs for business driving
Prepare bank reconciliations for all cash accounts
Review accounts receivable and payable lists for accuracy
Records of any asset purchases and sales
Credit card statements
Comparative Balance sheet and Income statement