If you have more than one job, make sure you get a Form W-2 from each employer. If you're an independent contractor, the company you did work for should send you a Form 1099-MISC showing your gross earnings. If you're self-employed, you have a bit more work to get organized. You'll need to track down all receipts and documentation for business-related expenses, from the mileage records you kept when using your car for business to the office equipment and supplies you bought to the utility bills you paid to keep the home office lights on. IRS interest in your other assets Wage income isn't the only earnings that the IRS taxes.
Interest earned on most savings accounts is taxable.
You should get statements from each of the account holders, as well as formal tax forms. For interest earnings, these documents are typically Form 1099-INT . If you've branched out into stocks or mutual funds, you should get a Form 1099-DIV for each stock, mutual fund or money market account. Reports on the proceeds from broker transactions, if you use one, will be sent to you on a Form 1099-B . There's a place for each of these on your tax return, so get this paperwork in order, too.