Tax planning is an important part of taxation and it helps individuals and businesses in understanding what their taxable income is for a particular financial year. A tax planning questionnaire can be filled by a tax consultant as well as the individual or business that will be filing taxes. The better the tax planning; the easier it will be to file taxes.

Tax Planning Questionnaire Sample

Name of Taxpayer: ________________________________

Social Security Number: _________________________________

Address: ______________________________________

City: ________________ State: ___________________  Zip: _________________

Telephone: ____________________  Fax: ____________________________

Age:________________________ Occupation:_____________________________

Filling Status:  ________________________ (Married/Single/Head of household/Qualifying widow)

Name of Spouse: ________________________

Number of Children: ______________________

Q1. What was the amount of income tax filed by you or your business in the previous financial year?


Q2. What was the total investments and expenditures made in the previous financial year?

a)   Investment: $ _______________

b)   Expenses: $ _______________

c)   Others: $ _______________

Q3. Do you have any outstanding mortgages?

a)   Yes

b)   No

Q4. Did you receive any refund on your taxes from the previous year? If yes, provide amount.

a)   Yes

b)   No

Q5. What is the approximate value of the following assets?

a)   Residential property / Home

b)   Stocks and shares

c)   Unit trusts/ PEPS etc

d)   National Savings account

e)   Life policies

f)    Agricultural property

g)   Foreign property

h)   Other assets

Q6. What is the approximate value of the following liabilities?

a)   Guarantees

b)   Mortgages

c)   Long term debts

d)   Other liabilities

Q7. Who is responsible for calculating your taxable income?

a)   Financial advisor

b)   Accountant

c)   Tax consultant

Q8. Are you the trustee of any type of trust fund?

a)   Yes

b)   No

Q9. Are you planning to apply for credit claims on taxable income?

a)   Yes

b)   No