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Tax Forms
Various forms used by the IRS in conjunction with income taxes such as W-2, W-4, W-9, 1040, 1098, and 1099
3,047 Questions
How can you print your 2014 W2 form?
You cannot print a W-2 Form unless your employer has a special website where they make these available. There is no government website where you can see or print W-2 Forms. Employers mail out tax forms by January 31st to employees and mail copies or file them electronically to the IRS by the last day in February.
What does exempt mean on a w-4 form?
On a W-4 form, "exempt" means that an employee is claiming they are not subject to federal income tax withholding because they had no tax liability in the previous year and expect none in the current year. When someone checks the exempt box, no federal income tax will be withheld from their paycheck. However, it's important to note that this does not exempt them from other types of withholding, such as Social Security and Medicare taxes. Claiming exempt status should be done with caution, as incorrect claims can lead to tax liabilities later.
Where can I go to get IRS 1040 forms for 2014 on my computer?
The website for the Internal Revenue Service is irs.gov. You can get any forms and publications on their site.
What are the requirements for claiming an individual as a dependent?
To claim a person as a dependent they must be either your qualifying child or qualifying relative. In order to claim a dependent, the taxpayer nor spouse can be claimed as a dependent on anyone else's return; and a person cannot be a dependent on a return if the person files a return as married filing jointly on their own return; and, for a person to be claimed as a dependent they must be a U.S. Citizen, U.S. National, or a resident of the United States, Canada, or Mexico.
Also, to be a qualifying child the person must meet the following four tests:
1) Relationship Test-The person must be your son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister, or a descendent of any of these, like your grandchild, niece, or nephew. You must be able to prove the relationship with birth certificates.
2) Member of Household Test-The child must have lived with the taxpayer for more than half of the tax year. You need to be able to prove this to the IRS with Utility Bills, School Records, Medical Records, Daycare Expenses, Social Services Records, etc.
3) Age Test-The child must be under the age 19 at the end of the tax year and younger than the taxpayer, or under age 24 if they were a full-time student for 5 months of the tax year and younger than the taxpayer and spouse.
4) Support Test-The child cannot have provided over half of his/her own support during the tax year. You also must be ready to prove this if requested by the IRS through records and expenses.
For a qualifying relative you must meet the following 4 tests which are a little different:
1) Relationship Test-A relative of the taxpayer must be a son, daughter, stepchild, foster child, or descendent of any of these; or a brother, sister, niece, or nephew of the taxpayer; or a father, mother, or grandparent of the taxpayer; or a stepbrother, stepsister, stepfather, stepmother, son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, sister-in-law; or any other person (other than the taxpayers spouse) who lived with the taxpayer all year as a member of the taxpayer's household.
2) Not a Qualifying Child Test-The relative must not be a qualifying child of any other person for the tax year. For this test, the person also is not a taxpayer is the person is not required to file a tax return or does not file a tax return or files a tax return only to get a refund of withheld taxes.
3) Gross Income Test-The relative must have a gross income of less than $3900 for the tax year (amount may be adjusted).
4) Support Test-The taxpayer must have provided over half the relative's support for the tax year.
On this year's income tax can you file dependents?
You can always file dependents on your income tax return, as long as you have dependents living in your home that you are responsible for supporting financially.
A form W-2 is the information form that you get from any employers that you had during a calendar year. You will receive one from each job you had during the year. The form shows your gross income as well as all taxes that were withheld from your income for social security tax, medicare tax, federal income tax, and any state and local income tax. The amount of income taxes withheld will be a credit against your income tax computed on your tax returns and you may get a refund if you had more withheld than you owed or you may owe additional taxes if you did not have enough withheld to cover the amount of your total tax due.
Is it possible to do tax extension online?
Yes, for U.S. federal income taxes and many states, you can file an extension online.
This will depend on what state you live in. There are several different IRS Service Centers that accept 1040 returns. You can simply look at the instructions for the 1040 form to find the addressed under "Where to File" and it will list the address. IF you don't have the instructions, go online at the irs website irs.gov, then go to forms and publications and there it is.
How can you avoid paying a large tax bill and maybe a fine at the end of the year?
You need to make sure you have paid enough taxes during the year by means of withholdings or estimated quarterly taxes so that you have at least 90% of your taxes paid. If you do not meet this threshold you will be penalized as well as having to pay the additional tax due plus interest. The actual rule to not be penalized for paying too little is that you pay in at least 90% of the total tax that you owed in the previous year. As long as you have had this much sent in to the IRS by withholding or estimated payment you won't be penalized. You could still have tax due if your income increases from year to year or if your deduction or exemptions decrease.
What is a TAX payer's identification number in India?
It would be the same as for any other country. Each person liable to pay tax in India will be issued with a unique number, by means of which the tax system of India can identify the individual and track that individuals tax liability and payments over their lifetime.
If your new company has not yet paid any wages and has no employees, you do not need to file IRS Form 941. This form is primarily for reporting wages, tips, and other compensation paid to employees, as well as the associated payroll taxes. However, if you anticipate hiring employees in the future, you should familiarize yourself with the filing requirements for Form 941. Always consult with a tax professional for specific guidance related to your situation.
How much income do you have to earn before you file income tax 2012?
How much income you have to earn before filing a 2012 Income Tax Return is determined by your filing status as Single, Married Filing Joint, Married filing Separate, Head of Household or qualifying widower. Based on your filing status and age if at the end of 2012 you are under 65 or 65 or older, file a return if your gross income was at least $3800 to $19,500.
Form 1098 is the Mortgage Interest Statement used to report mortgage interest of $600 or more received by you during the year in the course of your trade or business, and sole proprietor.
Where does tithes go on tax form?
Tithes and offerings are deducted on Schedule A of your 1040 tax return. It is just about halfway down the form.
