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What is a tax form that employers send to their employees?
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You can buy a package of them at your local office supply store or you can go to your closest IRS Office.
The employer is absolutely obligated to do so. Not doing so is subject to harsh penalties and even being responsible for the employees taxes. It is something taken very,… very seriously, and of course not only by the Feds, but State and even Unemployment, Workers Comp, and lots of interested parties at the State & Local level. Most all States, like the Feds, have a requirement that estimated taxes be made by everyone through the year...which is done by payroll withholding or by sending quarterly payments if self employed. Not doing so subjects the taxpayer to penalties and interest...and sometimes more.
There are two forms that are sent out by colleges. One, Form 1098-E (Student Loan Interest Statement). Any person or entity (college, educational institution, financial instit…ution, etc.) receiving $600 or more in student loan interest from an individual is required to file Form 1098-E. Two, Form 1098-T (Tuition Statement). Eligible educational institutions are required to file Form 1098-T to report qualified tuition/related expenses paid by a student enrolled in their institutions. Eligible educational institutions are colleges, universities, vocational schools, or post-secondary educational institutions described in section 481 of the Higher Education Act of 1965. Both Form 1098-E and Form 1098-T are required to be provided/sent to the recipient (student or payer of student loan interest) by January 31st. If January 31st falls on a weekend, then the deadline is extended to the next business day. The deadline for 2008 forms is February 2, 2009. The deadline for 2009 forms is February 1, 2010. For more information on educational expenses, go to www.irs.gov/formspubs. Select Publication Number. Then enter 970 in the Find Box to print a copy of Publication 970 (Tax Benefits for Education).
No minimum. It all must be reported by him and sent to the employee.
Which tax form is completed by an employer to inform the employee of the amount of federal withholding for the previous year?
At a minimum, you need to send either Form 1040, Form 1040A, or Form 1040EZ. Everyone can use Form 1040. People with simpler returns have the option of using the other two f…orms instead. Then you attach whatever schedules apply to the type of income you received. For example, if you received rental income, attach Schedule E. If you go through the line-by-line instructions for Form 1040, it will tell you which schedules need to be attached for each line. Then you also attach a copy of each W-2 form you received from an employer. You also attached each Form 1099-R you received that showed income tax withheld.
The required Social security and medicare taxes. Also known as the FICA taxes.
Trouble yes, but what will really hurt is fairly large penalties.
The IRS ended the program that required employers to send in questionable W-4 forms (including exempt forms and forms claiming more than 10 allowances) in 2005. Employer…s should not send these to the IRS unless they receive a specific request from the IRS (in which case they will let you know where to send them). See the following information release: http://www.irs.gov/newsroom/article/0,,id=137840,00.html Check with your state tax agency for their requirements.
Form 1099-MISC is Miscellaneous Income. The business where you work provides you with Form 1099-MISC (instead of Form W-2 Wage and Tax Statement) when they consider you as s…elf-employed, NOT an employee. Employers are required to provide/send 1099-MISC and W-2 forms by January 31st. If January 31st falls on a weekend, then the deadline is extended to the next business day. You should contact the business directly if you haven't received Form 1099-MISC by that deadline. If the business fails to provide it to you by mid-February, then you should contact the IRS at 1-800-829-1040 .
Hey just go to this website and select your state after you click on the correct link. Toodles! http://www.irs.gov/file/index.html
Absolutely not. Those are confidential. The only entity that I know of that can ask for this information is a mortgage company when they are reviewing for a modification of te…rms. No other entity I know of can ask for these, legally. Of course, anyone can ask for anything they want to but complying is up to you.
absolutely, employee fringe benefits such as health insurance coverage, life insurance, dependent care assistance, parking and public transportation, moving expense reimbursem…ents. These are all examples of benefits that employers provide that they deduct on their taxes.
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they sure can, the note simply clears up all questions. is he sick? is he lying? the dr.s note, immediate family member death, or being in a coma, are the only reasonable excu…ses for leaving or not coming to work