Category Archives: Forms

Form 2441

Finding someone to take care of your child during work or school holidays can make a large part of your budget. You can send your children off to school for a lot of your childcare needs, but if your children are younger than the school age or on summer vacation, you will probably pay more […]

Form 1040X

If you have detected errors in your tax return after it has been filed, you may need to file a modified return, depending on the type of error and the circumstances. However, it can be a difficult process to determine when to file a modified return. In some cases, taxpayers may note that their dividend […]

Form 1099-MISC

You can’t run away from the IRS. No matter what your job, the IRS wants you to pay your taxes, even if you are an independent contractor, and they will find a way to make sure they get their money. With the form 1099-MISC, independent contractors are able to file their taxes and avoid IRS […]

Understanding Your W-2

Your W-2 is a statement of your wages and withholdings sent to you from your employer. You will need this form in order to fill out your tax return, but it’s important to understand all of the information contained within. Box 1- the total of your wages, tips, bonuses, prizes, and compensatory benefits. The first […]

You will receive a 1099-R if you have received any payment from sources such as pensions, annuities or similar plans. This form will report any income earned from these distributions. Pension and Annuity Payments By setting up a retirement funds with your employer you are arranging a compensation agreement. Many retirement plans are contributed to […]

If you have received income via unemployment benefits or from tax refunds issued by state or local governments you may receive a Form 1099-G. You will need to report this income when you prepare your taxes. Benefits from Unemployment You are required to pay taxes on any income earned from unemployment benefits. The amount you […]

The tax season is upon us and now is the perfect time for taxpayers to make sure they know the relationship between their health insurance coverage and the two tax forms that help figure out the amount of tax credit that is due to each person. Forms 8962 (Premium Tax Credit) and Form 1095-A (Health […]

If you are self-employed or a contract employee you will have likely received a Form 1099-MISC at some point. Even if you are not self-employed for the whole year you will still receive a 1099-MISC for any client or company who paid you more than $600. In simple terms this form is like a W-2 […]

You will receive a 1099-B if you have sold any stock, bonds, mutual fund or securities in the tax year. You should receive this form from the financial institution or broker you used to make the deals. This form can be sent separately or may also be combined into a statement with other tax information […]

If you purchased a health plan through the Health Insurance Marketplace you can expect to receive a Form 1095-A Health Insurance Marketplace Statement by January 31, 2015. Many have decided to take a premium tax credit in advance that helps subsidize their monthly health insurance premiums. The credit you receive will be reported on 1095-A, […]