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Thursday, April 3, 2014
Wednesday, April 2, 2014
Understanding Your Tax Forms
1040 Form
http://en.wikipedia.org/wiki/IRS_tax_forms#1040
Form 1040, U.S. Individual Income Tax Return, is one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for personal (individual) federal income tax returns filed with the IRS.
Income tax returns for individual calendar year taxpayers are due by April 15 of the next year.
8949 Form
http://www.irs.gov/instructions/i8949/ch02.html
Enter all sales and exchanges of capital assets, including stocks, bonds, and real estate (if not reported on line 1a or 8a of Schedule D or on Form 4684, 4797, 6252, 6781, or 8824). Include these transactions even if you did not receive a Form 1099-B or 1099-S (or substitute statement) for the transaction. However, if the property you sold was your main home, see Sale of Your Home in the Instructions for Schedule D (Form 1040).
What is an IRS 1099 Form?
https://turbotax.intuit.com/tax-tools/tax-tips/Self-Employment-Taxes/What-is-an-IRS-1099-Form-/INF14810.html
The 1099 form is a series of documents the Internal Revenue Service (IRS) refers to as "information returns." There are a number of different 1099 forms that report the various types of income you may receive throughout the year other than the salary your employer pays you. The person or entity that pays you is responsible for filling out the appropriate 1099 form and sending it to you by Jan. 31.
Read More:
http://www.forbes.com/sites/kellyphillipserb/2014/02/11/understanding-your-tax-forms-the-w-2/
http://en.wikipedia.org/wiki/IRS_tax_forms#1040
Form 1040, U.S. Individual Income Tax Return, is one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for personal (individual) federal income tax returns filed with the IRS.
Income tax returns for individual calendar year taxpayers are due by April 15 of the next year.
8949 Form
http://www.irs.gov/instructions/i8949/ch02.html
Enter all sales and exchanges of capital assets, including stocks, bonds, and real estate (if not reported on line 1a or 8a of Schedule D or on Form 4684, 4797, 6252, 6781, or 8824). Include these transactions even if you did not receive a Form 1099-B or 1099-S (or substitute statement) for the transaction. However, if the property you sold was your main home, see Sale of Your Home in the Instructions for Schedule D (Form 1040).
What is an IRS 1099 Form?
https://turbotax.intuit.com/tax-tools/tax-tips/Self-Employment-Taxes/What-is-an-IRS-1099-Form-/INF14810.html
The 1099 form is a series of documents the Internal Revenue Service (IRS) refers to as "information returns." There are a number of different 1099 forms that report the various types of income you may receive throughout the year other than the salary your employer pays you. The person or entity that pays you is responsible for filling out the appropriate 1099 form and sending it to you by Jan. 31.
Read More:
http://www.forbes.com/sites/kellyphillipserb/2014/02/11/understanding-your-tax-forms-the-w-2/