Ryan VaughnCOO of Incite Tax & Accounting. Ask me anything about your taxes.

What You NEED For Personal Taxes | Incite Tax

5 Aug 2025 · 1 min

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In this segment, the presenter explains the essential documents individuals must collect to file their personal income taxes. He lists common sources of tax paperwork such as mortgage statements, interest income records, stock and retirement account statements (including 1099‑B forms), and W‑2s. He emphasizes that these documents are typically received by mail, email, or downloadable portals. The speaker also notes that the IRS receives copies of many of these forms and uses the information to cross‑check returns, which can influence whether a taxpayer is selected for an audit. The overall purpose is to guide viewers on what to gather before preparing a tax return and to highlight the IRS’s data‑matching role in audit risk.

Chapters

How do I file my taxes myself? So what do you need to gather? These are things that you either get in the mail or you get an email notification saying, here's your tax document, or your tax document is available to download off of wherever. Your mortgage statements, interest income, if you have stocks or money in retirement accounts, like there's some forms there called 1099-Bs, W-2s, anything that you're getting, you're gonna need those documents. It's important for you to know the IRS gets all of that information. They actually use that to determine, in most cases, if they're going to audit somebody.