Informed Perspectives

What to Gather to Prepare for Your 2022-2023 Tax Return

Be proactive about your taxes this year. Use this guide to learn about the documents you may need to prepare for your 2022-2023 tax return.

What to Gather to Prepare for Your 2022-2023 Tax Return

Be proactive about your taxes this year. Use this guide to learn about the documents you may need to prepare for your 2022-2023 tax return.


Tax season can often be overwhelming, but with proper preparation and organization, it doesn't have to be. As a physician, you have specific tax requirements and obligations to fulfill depending on your type of employment. From keeping track of your income and expenses to understanding the deductions and credits available to you, it can be hard to know where to start. But with the right resources, you can file with confidence. In this blog post, we've created a checklist to help you gather the documents you may need to prepare for your tax return.  Whether you're working with a professional or doing it on your own, this list is a great place to start.

1. Tax forms: Gather all relevant tax forms, including W-2 forms, 1099 forms, and other forms related to your income. Depending on your employment situation, other sources of income, and debt you may have, the documents you need to gather will vary. 

  • 1099-MISC: If you received payment from a patient or third-party payer for services not covered by insurance, you may receive a 1099-MISC form. 
  • W-2: You’ll receive a W-2 form from your employer if you are an employee of a hospital or healthcare facility.
  • 1099-SA: If you have a health savings account (HAS), you’ll receive a 1099-SA form that reports the total amount of contributions and distributions for the year. 
  • 1098-T: If you took out student loans, you may receive a 1098-T form that reports the amount of interest paid on your student loans.
  • 1098: If you have a mortgage, the 1098 form will report the amount of mortgage interest paid during the year. 
  • Schedule C (1040): If you are self-employed, you may need to complete Schedule C to report your business income and expenses. 
  • Schedule E (1040): If you own a rental property, you’ll need to complete Schedule E to report rental income and expenses. 
  • Schedule A (1040): If you itemize deductions, you will need to complete Schedule A to report itemized deductions - including medical expenses, charitable contributions, and state and local taxes. 

2. Personal information: Gather your personal information, including your social security number, date of birth, and contact information. Make sure you have that information for joint filers or any dependents. 

3. Receipts: Keep track of all business expenses, including mileage, travel, meals, and entertainment. Make sure to keep receipts and invoices to support these expenses.

4. Health insurance: Keep track of all medical expenses and insurance premiums, as these may be deductible.

5. Charitable contributions: Keep a record of all charitable contributions made during the year, including the name of the charity, the date of the contribution, and the amount donated. If you make a charitable contribution of $500 or more, you may need to complete Form 8283 to report the non-cash donation. 

6. Retirement contributions: Keep track of all contributions made to a retirement account, including contributions to a 401(k) or IRA.

7. Investment information: Keep track of all investment information, including dividends, capital gains, and losses.

8. State taxes: Keep track of any state taxes paid during the year.

9. Home office deduction: If you have a home office, keep track of all expenses related to it, including rent, utilities, and supplies.

10. Miscellaneous Expenses: Keep track of any miscellaneous expenses, such as job-search expenses, investment-related expenses, and other deductions.

Because filing your taxes can vary so much based on your practice setting, income sources, and more, we recommend consulting a professional to make sure all your paperwork is in order. Another good practice is to consult the Internal Revenue Service for official information. If the task of organizing these documents and minimizing your tax burden seems daunting, the Forme Financial team can offer year round expert advice on smart deductions and tax smart investing strategies. Get in touch with someone from our team to get started.

The material provided is for general information that may not be suitable for everyone, and should not be considered a solicitation for the purchase or sale of any security. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation.

General Disclaimer

The information provided herein was prepared for educational purposes only and is not a solicitation to buy or sell any security or insurance product, nor an offer to provide investment advice. All examples are hypothetical and for illustrative purposes only. Nothing contained herein should be construed as legal or tax advice and is not intended to replace the advice of a qualified tax advisor or legal professional. The information contained herein may have been compiled from third-party sources we believe to be reliable but cannot guarantee its accuracy or completeness.

Forme Financial is an SEC-registered investment adviser. Additional information about Forme Financial, including its services and fees, is available online at

Past Specific Recommendations

This communication contains past specific securities recommendations for illustrative purpose only.  Forme Financial makes no assurances, nor should it be assumed, that recommendations made in the future will be profitable or will equal the performance of the securities included in this presentation. Due to various factors including changing market conditions, such recommendations may no longer be appropriate; nor should any past recommendation be taken as personalized investment advice. You may request from us free of charge a list of all securities recommendation made within the immediately preceding period of at least one year accompanied by the following disclosures: (1) the name of each security recommended; (2) the date and nature of each recommendation; (3) the market price of the security recommended at the time; (4) the price at which the recommendation was to be acted upon; (5) the market price of each such security as of the most recent practicable date. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. Any presentation of the performance of such past specific securities recommendation does not reflect the deduction of an investment management fee, or any transaction costs or custodial charges, the incurrence of which would have the effect of decreasing indicated historical performance results.  It should not be assumed that your account performance of the volatility of securities held in your account will of will correspond directly to the referenced past securities recommendations.

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