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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 do you find out what tax year you did not file?
one way is to write to tax department,ex.irs or state your concerned about,get their records on file. Keeping in mind your right to not self incriminate, you may want to get specific assistance before doing that.
How much will the taxes be if you win a 2 million dollar house?
For Single filing status, 2008 tax is $678,597 (2 million multiplied by 35 percent minus $21,403).
For Married Filing Jointly, 2008 tax is $671,575 (2 million multiplied by 35 percent minus $28,425).
For Head of Household, 2008 tax is $675,409 (2 million multiplied by 35 percent minus $24,591).
The actual tax liability would be more or less depending on your other income, any income tax withheld from your other earnings, etc.
Can I Deduct wages earned but not paid?
ONLY if they were included as income on a paycheck somehow. YOU CAN NOT DEDUCT MONEY YOU DIDN'T MAKE. There is a lot of money you didn't make. The money is NOT taxable, not tax deductible. (If you paid tax on it and didn't receive it, then you could deduct it...basically because you overpaid, not because you under-earned!
Do you need to record a cash inheritance of 17000.00 on your 1040 tax return?
No. Cash that you receive as an inheritance isn't included in your income, because it isn't taxable.
For more information, go online at www.irs.gov/formspubs. Select Publication Number. Type 559 to read/print Publication 559 (Survivors, Executors, and Administrators). Another helpful publication is Publication 950 (Introduction to Estate and Gift Taxes).
Can your 18 year old son file taxes if you claim him on your taxes?
Unless the 18-year-old is a dependant because of disability or other factors, generally they are considered an adult and must file their own taxes, and you cannot claim them.
You would like to get a print out of your w2 form?
Contact the employer. Should have been sent to you by Jan 31 at latest - by law.
What should you claim as deductions on your W-2 form?
Form W-2 is Wage and Tax Statement. It's an IRS form that employers are required to provide/send to their employees for the employees to use in filing their tax returns. You don't claim deductions with your W-2 form.
Form W-4 is Employee's Withholding Allowance. It's an IRS form that your employer has you fill out when you're hired. Your employer calculates withholdings from your earnings based upon the filing status and number of exemptions that you claim on Form W-4. The more exemptions you claim, the less will be withheld from your earnings.
A single person can claim one personal exemption plus an additional exemption if only having one job. If you (or your spouse) have more than one job, then you might want to claim less exemptions to make sure that enough is withheld from your earnings. You can claim exemptions for dependents, if any.
If you have a significant amount of unearned income (interest, dividends, capital gains, etc.) or self-employment income, claim fewer exemptions. If you're expecting certain credits (earned income, child and dependent care, etc.), claim more exemptions.
Also included with Form W-4 is a Personal Allowances Worksheet plus Deductions and Adjustments Worksheet and Two-Earners/Multiple Jobs Worksheet. These Worksheets all help you determine the number of allowable exemptions for Form W-4.
You can finetune your withholding with the IRS withholding calculator onlne at www.irs.gov. Select Too Much or Too Little Tax Withheld in the Special Interest Section in the middle column.
For more information, go online to www.irs.gov/taxtopics. Select Topic 753 (Form W-4 Employee's Withholding Allowance Certificate).
Also, for Publication 919 (How do I Adjust my Tax Withholding?), go to www.irs.gov/formspubs. Select Publication Number. Type 919 in the Find bar.
Do you have to claim a job worked only for four month on tax return?
Yes...any income...not even relevant to work or how long you worked if at all.
If your dependents file tax returns can you still claim them?
Yes. Being claimed as a dependent doesn't prevent the dependent from filing a return. That also doesn't prevent you from still claiming them on your own return. The IRS gives guidelines for determining whether dependents are required to file tax returns. Also, even though dependents might not be required to file, they should file if tax was withheld in order to receive a refund of that tax.
You can download a W-9 form here: http://www.irs.gov/pub/irs-pdf/fw9.pdf This form can be filled in before printing, or printed as a blank.
When can a non-relative be claimed as a dependent?
A person must be either a qualifying child or a qualifying relative to be a dependant. see IRS Publication 501.
This is NOT a major problem...at most they will send you a form letter asking for the W-2. Understand, they get one from the employer too, so it doesn't really tell them anything they don't know.
An individual (as opposed to corporate) tax return form number
What if you filed your tax return and then you dependent received a 1099-C form?
Form 1099-C is Cancellation of Debt. Form 1040X is Amended U.S. Individual Income Tax Return. If your dependent's 1099-C form affects your return, then should file, as promptly as possible, Form 1040X to correct errors and make changes.
When do all tax forms legally need to be given out?
Income information forms generally are required to be provided/sent to the recipients by January 31st. If January 31st falls on a weekend, the deadline is extended to the next business day. The deadline for 2008 information forms is February 2, 2009 (February 1, 2010 for 2009 returns). These information forms include Form W-2 (Wage and Tax Statement) as well as the 1099 series, etc.
Can a dependent file own tax return if claimed on parents' tax return?
Yes. The IRS has income guidelines for determining whether dependents are required to file tax returns. Generally, for 2008 income, dependents are required to file if single under 65 with earned income of over $5,450 ($5,700 for 2009) or if married under 65 with earned income of over $6,800 ($7,100 for 2008). Even if your income is below the level requiring you to file, you should file if income tax was withheld from your earnings in order to receive a refund of that tax.
When is the deadline for taxes if you do not owe?
Generally you have three years in which to file a tax return for a refund. After three years, the IRS refund statute doesn't allow for issuing a refund. The three years starts on the due date of the original return for the particular tax year.
For more information, go to www.irs.gov/taxtopics for Topic 153 (What to Do if You Haven't Filed Your Tax Return).
How can you get W-2 forms from the government?
Form W-2 is Wage and Tax Statement. All employers, including the government, are required to provide/send W-2 forms to their employees.
Form W-2 must be provided by January 31st. If January 31st falls on a weekend, then the deadline is extended to the next business day. The deadline for 2009 W-2 forms is February 1, 2010(February 2, 2009 for 2008).
Contact your employer if you haven't received your W-2 forms by that date. If your employer doesn't provide them to you by mid-February, contact the IRS at 1-800-829-1040.
How can I enter my 1099-C form on TurboTax?
Form 1099-C is Cancellation of Debt. Article ID 3472 'Information about Form 1099-C' can be accessed at the TurboTax Support Site at http://turbotax.intuit.com/support/. In the search window, type 'Information about Form 1099-C'. The second item in the 'Answers' screen has that title (it's Article ID: 3472). According to that article, in TurboTax Interview, choose 'Select Specific Topics' in the 'Your Personal Income' screen. Next go to 'Less Common Income' and select 'View List'. Select 'Start' or 'Revisit' beside 'Miscellaneous Income, 1099-A, 1099-C'. On 'Any Miscellaneous Income' screen, select 'The cancellation of debt' and then 'Continue'. The next screen will guide you in entering the information from your 1099-C form.
If you are a dependent can you still file taxes?
Yes. A dependent can file a tax return for several reasons.
One, they're required to file because of their income. For example, Single/Married Filing Jointly dependents under age 65 are required to file if any of the following apply.
Your unearned income (interest and ordinary dividends, capital gain distributions, etc.) is over $900.00 for 2008 ($950.00 for 2009).
Your earned income was over $5,450.00 for 2008 ($5,700.00 for 2009).
Your gross income (earned plus unearned income) was more than the larger of $900.00 ($950.00 for 2009) or your earned income up to $5,150.00 ($5,400.00 for 2009) plus $300.00.
Two, if they're not required to file, they still can file for a refund of tax that was withheld from their earnings.
How do you claim mileage donated to a non profit?
Charitable contributions are deductible on Schedule A (Itemized Deductions). The amount is entered on Line 17 (Other than by cash or check) in Gifts to Charity section.
There are two methods for mileage deduction. One, deduct unreimbursed out-of-pocket expenses, such as the costs of gas and oil directly related to travel to and from the charitable organization. Certain expenses are not deductible: general repair and maintenance, depreciation, registration fees, tires, insurance. Two, deduct actual mileage at the rate of 14 cents per mile.
Parking fees and tolls are deductible under both methods.
For more information, go to www.irs.gov/formspubs for Publication 526 (Charitable Contributions).
Generally, yes. Form 1040X is Amended U.S. Individual Income Tax Return. To change the number of exemptions (personal and dependent) claimed on your original return, you fill out lines 25 to 32 in Part I-Exemptions on page 2 of Form 1040X.
There is a special situation for a Qualifying Child of more than one person. You both can have a tax benefit. The noncustodial parent can claim an exemption and the Child Tax Credit for the child. The custodial parent can claim the child as a Qualifying Child for (1) Head of Household filing status, (2) Credit for Child and Dependent Care expenses, and (3) Earned Income Credit.
How do you receive your W-2 forms when your company mailed them to the wrong address?
Form W-2 is Wage and Tax Statement. The IRS requires employers to provide/send them to employees by January 31st. If January 31st falls on a weekend, then the deadline is extended to the next business day. If you haven't received your W-2s for whatever reason by then, contact your employer.
If your employer hasn't cooperated in reissuing your W-2s by mid-February, then contact the IRS at 1-800-829-1040. The IRS will write to your employer requesting that the W-2s be provided to you. The IRS also will mail to you Form 4852(Substitute for Form W-2 or Form 1099-R). If your employer hasn't provided the W-2s by the time you need to file your return, then fill out Form 4852, attach it to your return and go ahead and file your return in that way.
Is there a deadline as to when you should receive a 1090 tax form showing taxable earnings?
There is no IRS Form 1090. Form 1099-MISC is Miscellaneous Income. When the Payer (person/business who paid you) sends you a Form 1099-MISC, they consider you as self-employed. That's why they're sending you a Form 1099-MISC, not a Form W-2 (Wage and Tax Statement).
Generally, payers and employers are required to provide/send 1099 forms and W-2 forms by January 31st. If January 31st falls on a weekend, the deadline is extended to the next business day. Form 1099 and Form W-2 are due by February 2, 2009 for 2008 income. They're due by February 1, 2010 for 2009 income.
What do you do if you left off a W-2 form from a second employer on your tax return?
You need to file an amended return if you omitted a W-2 form from your original return. Form 1040X is Amended U.S. Individual Income Tax Return. You should file your amended return as soon as you discover any omissions or corrections.
Be sure to note where to mail your Form 1040X in the Where To File page of Instructions for Form 1040X. Amended forms don't necessarily go to the same Internal Revenue Service Center where you filed your original return.
