Tax Forms

The Latest

  • December 31, 2010

    The W-9 federal income tax forms are filled out by people who have done work for a company, but not as an employee. Companies who hire people such as freelancers or independent contractors to do outside work are still required to report these non...

  • December 31, 2010

    Form W-4 is one of the federal tax forms every employee must fill out when starting a new job. These federal tax forms indicate how much employers should withhold in state and federal taxes from the employee’s paycheck.

    The IRS requires...

  • August 6, 2010

    Filing a late return, even years later, allows taxpayers to avoid penalties and interest. It's never to late to file a tax return.

    If your tax return was late, here's how you can fix the situation. First, gather all your tax documents for...

  • August 1, 2010

    Tax Form 5498 is used to report contributions on IRAs, which include traditional and Roth, as well as Savings Incentive Match Plan for Employees (SIMPLE) and Simplified Employee Pension (SEP).

    Many people are under the impression that...

  • August 1, 2010

    Tax Form 1099-MISC is commonly used among self-employed professionals to report profits from services performed for other organizations. If you are a sole-proprietor and were paid more than $600 for services during a given tax year, the business...

  • August 1, 2010

    Tax Form 1098, the Mortgage Interest Statement, is used to report mortgage interest of $600 or more. Additionally, this tax form can be used to report premiums paid for mortgage insurance in excess of $600.

    There are five boxes on Tax...

  • August 1, 2010

    The purpose of Tax Form W-4 is simple ? it is used by your employer to withhold the proper amount of federal income tax from your paycheck. The IRS recommends that employees submit a new W-4 tax form each year, or any time their personal or...

  • August 1, 2010

    Tax Form W-3 is a transmittal which is forwarded to the Social Security Administration, showing total earnings, Medicare wages, Social Security wages, and withholding for all employees encompassing the entire year.

    The Social Security...

  • August 1, 2010

    Part of the “W series” of tax forms, IRS Form W-2 is a six-part federal Wage and Tax Statement. It reports the wages earned by employees and the taxes that were withheld from their paychecks. It also reports Social Security tax,...