answersLogoWhite

0

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

Where can one find instructions on how to complete a 1041 Form?

There are a few ways one can obtain instruction on how to complete a 1041 form from the IRS. This includes obtaining the help of a tax accountant or tax attorney.

Why do we have to file 1099 forms at tax time?

Form 1099 is a tax form that has to be completed by anyone who pays an independent contractor during the course of his business. This information can then be cross-checked to ensure that contractors are declaring all of their income to the IRS.

Where could one find out their taxpayer identification number?

Typically, finding out one's Taxpayer Identification Number requires one to contact the IRS. Taxpayer Identification Numbers can include Social Security Numbers, Employer Identification Numbers, and Individual Taxpayer Identification Numbers for those not registered in the Social Security system.

Where can one find forms to make a will?

There are a few websites that one can find the forms to make a will. Some of these websites would include Ask, Wiki, as well as Do Your Own Will. Each of these websites provide the information and forms that one would need to fill out a will.

When does the IRS form 4506 T need to be filled in?

The IRS form 4506-T is a Request for Transcript of Tax Return form. This would only have to be filled out if one is requiring a transcript of ones Tax Return.

What is Form 2350 used by the IRS for?

Form 2350 by the Internal Revenue Service is used to apply for an extension of time to file income taxes in the United States of America. It can be downloaded from the IRS website.

Where can one find a copy of Form 941?

Form 941 can be found online at the Internal Revenue Services website. A person may print it off and then mail it in. Form 941 is for an employer's quarterly federal tax return.

What is a W9 form typically used for?

The W-9 Form is used by employers to request taxpayer identification numbers, or social security numbers of employees. This form is from the Internal Revenue Service.

What is w 2 form?

Form W-2 is also known as the Wage and Tax Statement. Its a one page form employers send to their employees showing how much they were paid in the previous calendar year. It also shows how much was taken out of their wage (or withheld) for tax and which taxes they paid.

A copy of Form W-2 is sent to the employees, Social Security (SSA), the IRS, and state and local governments.

What are the different types of IRS Form 1040?

There are at least two types of the form 1040. The first is the 1040 EZ which is used by a person who does not have to submit various other forms to document income. There is also a 1040A which allows for some deductions and then there is the 1040 long form which allows for people with more complex incomes and deductions.

How can one negotiate an IRS offer in compromise form?

The Internal Revenue Manual Section 5.8 offers guidance on completing a compromise form for the collection of taxes. Additional the Internal Revenue Service (IRS) website gives a listing of costs and filing fees as well.

What happened in the year 941?

The year 941 began on a Friday, and was the year the Rus-Byzantine War was fought. Oda the Severe became the Archbishop of Canterbury and Louis IV of France had a son.

What must a person do to deduct donations to charity on their federal tax forms?

To be able to "write off" donations to charity on your federal tax forms to must use the long form. Also you must have records of th amount of money or gifts given to each charity.

Where can one find copies of IRS tax forms?

IRS tax forms can be found on the IRS website. The Post Office is another source for the forms. Usually they can also be obtained at Social Security Offices.

What is the Canadian equivalent of form 1099?

I guess a T1. But unlike in the US, we Canadian businesses don't have to issue T1's to contractors and services providers, etc. Just to employees.

What is a W 4 form?

It is a US government form (issued by the IRS) used to select the level of withholding taxes that are to be withheld from income. An employer must have each employee complete a W-4 so that the proper amount of income tax can be withheld from their pay.

A form required by the government to be filled out by new employees.

What is the 8300 IRS form supposed to be for?

8300 IRS form is supposed to be filled by a business if they receive $10,000 from a single buyer for a single transactions or two or more related transactions. It is filled to help fight money laundering.

Who needs to file an IRS Form 5500?

Employers that maintain a qualified retirement plan must file an IRS Form 5500-Annual Return/Report of Employee Benefit Plan. Form 5500 is due on the last day of the seventh month following the end of the year.

Where to file form 1099-misc in California?

If your principal business, office or agency, or legal resident in the case of an individual, is located in California, then you mail all information returns filed on paper with Form 1096 to

Department of the Treasury

Internal Revenue Service Center

Kansas City, MO 64999

Where can a printable version of the IRS W2 Form be found?

All IRS forms that are printable or otherwise can be found on the IRS website. A quick phone call to the IRS can easily result in the correct form being sent out in the mail.

Must the self employed file tax form 1040?

In general yes if your business is a proprietorship. You will also have to file the 1040-se self employment tax and the 1040-c profit or loss from a proprietorship as part of your regular income. . If your business incorporated you will file a tax return for the corporation and your personal taxes will include and payroll you paid yourself and you may or may not have to file a 1040 depending on your personal tax situation.

What is the IRS form 1098 used for?

The IRS 1098 form is used to report mortgage interest and other expenses related to one's mortgage to the IRS. If more than a certain amount is paid in a taxable year, the taxpayer may be eligible for deductions to her taxable income.

What is w-2 form?

Form W-2 is also known as the Wage and Tax Statement. Its a one page form employers send to their employees showing how much they were paid in the previous calendar year. It also shows how much was taken out of their wage (or withheld) for tax and which taxes they paid.

A copy of Form W-2 is sent to the employees, Social Security (SSA), the IRS, and state and local governments.

When do you file Form 1096?

You submit Form 1096 the same time you submit IRS Form 1097-BTC or any of the 1098, 1099, 3921, 3922, 5498, W-2G forms. Form 1096 is the transmittal summary. It shows the totals from the 1099 forms that are submitting.

If I am working as an Independent Contractor if the company does not send you a 1099 form you do not have to report that income to the IRS?

I wouldn't take that conclusion. It's your responsibility to report income to the IRS on your 1040's. Its the payer's responsibility to issue a 1099-MISC if you earned more than $600 as an independent contractor in a calendar year. Its possible the payer doesn't have your correct address or the 1099 was misplaced or some other reason (I have heard them all).

Take the high road and call the payer and ask about the 1099-MISC. You cant just take the position of "well I didn't receive the form, so I'm not reporting it". You have responsibilities as well.