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What is the name of the tax form filled out by an individual and filed with the IRS that determines the amount of income tax owed in a single year?
What is the name of the tax form filled out by an individual and filed with the IRS that determines the amount of income tax owed in a single year?
1040
Which tax schedule is used for Itemized Deductions to transfer to Form 1040?
Which tax schedule is used for Itemized Deductions to transfer to Form 1040?
Schedule A
Which tax schedule is used for reporting Interest and Dividend Income to transfer to Form 1040?
Which tax schedule is used for reporting Interest and Dividend Income to transfer to Form 1040?
Schedule B
Which tax schedule is used for reporting Profit or Loss From a Business to transfer to Form 1040?
Which tax schedule is used for reporting Profit or Loss From a Business to transfer to Form 1040?
Which tax schedule is used for reporting Capital Gains and Losses to transfer to Form 1040?
Which tax schedule is used for reporting Capital Gains and Losses to transfer to Form 1040?
Which tax schedule is used for calculating Self-Employment Tax to transfer to Form 1040?
Which tax schedule is used for calculating Self-Employment Tax to transfer to Form 1040?
What is the name of the federal tax form filled out by an employee to indicate the amount that should be withheld from his/her paycheck for taxes?
What is the name of the federal tax form filled out by an employee to indicate the amount that should be withheld from his/her paycheck for taxes?
What is the name of the statement of an individual's annual wages and taxes provided by an employer that must be included with tax returns?
What is the name of the statement of an individual's annual wages and taxes provided by an employer that must be included with tax returns?
What form reports Mortgage Interest Statement, Student Loan Interest, and College Tuition Paid?
What form reports Mortgage Interest Statement, Student Loan Interest, and College Tuition Paid?
Which tax form is sent to investors showing dividends and capital gains distributions from a mutual fund for the tax year?
Which tax form is sent to investors showing dividends and capital gains distributions from a mutual fund for the tax year?
Which tax form reports interest income earned on savings and/or investment accounts during the previous year?
Which tax form reports interest income earned on savings and/or investment accounts during the previous year?
Which tax form is used to report annual accretion on a zero coupon or any taxable original issue discount (OID) bond?
Which tax form is used to report annual accretion on a zero coupon or any taxable original issue discount (OID) bond?
Which tax form reports Miscellaneous Income such as self-employment income, royalties, and commissions?
Which tax form reports Miscellaneous Income such as self-employment income, royalties, and commissions?
What is the purpose of Form W-2?
What is the purpose of Form W-2?
Which schedule is used to report profit or loss from a business?
Which schedule is used to report profit or loss from a business?
Match the tax form or schedule to its description:
Match the tax form or schedule to its description:
Flashcards
1040 Form
1040 Form
A tax form filed by individuals to determine annual income tax owed.
Schedule A
Schedule A
Used to report itemized deductions for the 1040 form.
Schedule B
Schedule B
Reports interest and dividend income to transfer to the 1040.
Schedule C
Schedule C
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Schedule D
Schedule D
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Schedule SE
Schedule SE
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W-4 Form
W-4 Form
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W-2 Form
W-2 Form
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1098 Form
1098 Form
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1099-DIV Form
1099-DIV Form
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1099-INT Form
1099-INT Form
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1099-OID Form
1099-OID Form
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1099-MISC Form
1099-MISC Form
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Study Notes
- There are various tax documents used for filing taxes with the IRS.
Form 1040
- This is a tax form completed by individuals.
- It is filed with the IRS.
- Determines the amount of income tax owed in a single year.
Schedule A
- Used for itemized deductions.
- The information is transferred to Form 1040.
Schedule B
- Reports interest and dividend income.
- The information is transferred to Form 1040.
Schedule C
- Reports profit or loss from a business.
- The information is transferred to Form 1040.
Schedule D
- Reports capital gains and losses.
- The information is transferred to Form 1040.
Schedule SE
- Reports self-employment tax.
- The information is transferred to Form 1040.
Form W-4
- This is a federal tax form.
- Completed by an employee.
- Indicates the amount to be withheld from their paycheck for taxes.
Form W-2
- This is a statement of an individual's annual wages and taxes.
- Provided by an employer.
- Must be included with the employee's federal, state, and city income tax returns.
Form 1098
- Used for mortgage interest statements.
- Also used for student loans and college tuition payments.
Form 1099-DIV
- Tax form sent to investors.
- Shows dividends and capital gains distributions from a mutual fund for the tax year.
Form 1099-INT
- Reports interest income.
- Interest is earned on savings and/or investment accounts during the previous year.
Form 1099-OID
- Tax form.
- Used to pay annual accretion on a zero coupon bond.
- Also used for any taxable original issue discount (OID) bond.
Form 1099-MISC
- Reports miscellaneous income.
- Includes self-employment income, royalties, and commissions.
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