Form 1095-A is an IRS form that is used to report information about an individual's health insurance coverage that was obtained through the Health Insurance Marketplace. The form is typically used by individuals who received subsidies or other assistance through the Marketplace. The form must be filled out by those who had insurance coverage through the Marketplace at any point during the tax year.
IRS Form 1098, Mortgage Interest Statement, is a tax form used by mortgage lenders to report the amount of interest paid on a mortgage during the tax year. This form is important for taxpayers who want to claim a deduction for mortgage interest on their tax return.
The IRS Form 8962 is an IRS form used to claim the Premium Tax Credit (PTC). This form is used by individuals who purchased health insurance through the Health Insurance Marketplace and are eligible for the PTC. In order to claim the PTC, you must complete Form 8962 and file it with your federal tax return.
IRS Form W-2, also known as the Wage and Tax Statement, is a critical form used in the United States tax system. It is used by employers to report annual wages and taxes withheld from employees' paychecks to the IRS and the Social Security Administration (SSA). Employees use the information on the W-2 form to complete their individual income tax returns.
The form consists of several parts:
IRS Form 940 is a tax form used by employers to report their annual Federal Unemployment Tax Act (FUTA) tax liability. The form consists of several parts, including employer identification information, quarterly wage and tax data, and an annual summary of FUTA tax liability.
The form is drawn up by employers who are subject to FUTA tax and have paid wages of $1,500 or more in any calendar quarter during the current or previous calendar year. The parties involved are the employer and the Internal Revenue Service (IRS).
Form W-4, also known as Employee's Withholding Certificate, is a form used by employees to inform their employer how much federal income tax should be withheld from their paycheck. The main purpose of the form is to ensure that the correct amount of federal income tax is withheld based on the employee's personal circumstances, such as marital status, number of dependents, and other sources of income.
IRS Form 1040, U.S. Individual Income Tax Return, is a document used by U.S. taxpayers to report their annual income to the Internal Revenue Service (IRS). The main purpose of this form is to calculate and pay the correct amount of federal income tax owed to the government.
IRS Form W-8BEN is a certificate of status of beneficial owner for United States tax withholding and reporting. The primary purpose of this form is to certify a foreign individual's or entity's status as a beneficial owner of income subject to withholding by a US withholding agent.
Form 1099-R: Distributions to pension plans, annuities, retirement or profit distribution, IRA, insurance contracts, etc. Is a tax form from the internal revenue Service (IRS) for reporting distributions to annuities, profit distribution plans, retirement plans., IRA, insurance contracts, or pensions. In particular, we are talking about passive income and pension plans.
Tax form 8606 is becoming increasingly important due to the popularity of the Roth IRA and the right to roll over after-tax assets from qualified plans offered by employers, such as a 401 (k) or 403 (b).
