IRS tax forms

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The United States Internal Revenue Service (IRS) uses forms for taxpayers and tax-exempt organizations to report financial information, such as to report income, calculate taxes to be paid to the federal government, and disclose other information as required by the Internal Revenue Code (IRC). There are over 800 various forms and schedules. Other tax forms in the United States are filed with state and local governments.

Contents

The IRS numbered the forms sequentially as they were introduced. [1] [2]

Individual forms

1040

First page of Form 1040 for 2005 tax year Form 1040, 2005.jpg
First page of Form 1040 for 2005 tax year

As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns. The first Form 1040 was published for use for the tax years 1913, 1914, and 1915. For 1916, Form 1040 was converted to an annual form (i.e., updated each year with the new tax year printed on the form). [3] Initially, the IRS mailed tax booklets (Form 1040, instructions, and most common attachments) to all households. As alternative delivery methods (CPA/Attorneys, internet forms) increased in popularity, the IRS sent fewer packets via mail. In 2009 this practice was discontinued.

Income tax returns for individual calendar year taxpayers are due by April 15 of the next year, except when April 15 falls on a Saturday, Sunday, or a legal holiday. In those circumstances, the returns are due on the next business day. An automatic extension until Oct. 15 to file Form 1040 can be obtained by filing Form 4868.

Form 1040 is two abbreviated pages, not including attachments. Prior to the 2018 tax year, it had been two full pages, again not counting attachments, but following the passage of the Tax Cuts and Jobs Act of 2017, the IRS dramatically shortened both pages. The current first page collects information about the taxpayer(s) and any dependents and includes the signature line. The current second page includes information on income items and adjustments to income, and additionally calculates the allowable deductions and credits, tax due given the income figure, and applies funds already withheld from wages or estimated payments made towards the tax liability. Prior to 2018, information on income items and adjustments to income had been entered on the first page. The presidential election campaign fund checkoff, which allows taxpayers to designate that the federal government gives $3 of the tax it receives to the presidential election campaign fund, is near the top of the first page on both pre-and post-2018 versions of Form 1040.[ citation needed ]

Form 1040 has 20 attachments (up from 14 before 2018), called "schedules", which may need to be filed depending on the taxpayer:

In 2014 there were two additions to Form 1040 due to the implementation of the Affordable Care Act – the premium tax credit and the individual mandate. [7]

Much of the information on the new numbered schedules had previously been included on Form 1040.

Since 2019, only numbered schedules 1, 2, and 3 are still used to report figures for the 1040.

In most situations, other Internal Revenue Service or Social Security Administration forms such as Form W-2 must be attached to the Form 1040, in addition to the Form 1040 schedules. There are over 100 other, specialized forms that may need to be completed along with Schedules and Form 1040.

Short forms

Over the years, other "Short Forms" were used for short periods of time. For example, in the 1960s, they used an IBM Card on which a few lines could be written which would then be transcribed onto another card. The other card looked the same but had holes in it which a computer or "unit record" machine could read. As with the other forms, there was always a place for a signature.[ citation needed ] The two most recently used short forms, 1040A and 1040EZ, were discontinued after the 2017 tax year. [8]

The Form 1040A ("short form"), US individual income tax return, was a shorter version of the Form 1040. Use of Form 1040A was limited to taxpayers with taxable income below $100,000 who took the standard deduction instead of itemizing deductions; it was originally one page until the 1982 edition, when it expanded to two pages.

The Form 1040EZ ("easy form"), Income Tax Return for Single and Joint Filers With No Dependents, was the simplest, six-section Federal income tax return, introduced in 1982. Its use was limited to taxpayers with taxable income below $100,000 (as of tax year 2016) who take the standard deduction instead of itemizing deductions and have no dependents.

Fiduciary reporting

According to section 1223(b) of the Pension Protection Act of 2006, a nonprofit organization that does not file annual returns or notices for three consecutive years will have its tax-exempt status revoked as of the due date of the third return or notice. [9] An organization's tax-exempt status may be reinstated if it can show reasonable cause for the years of nonfailing. [10]

990

The Form 990 provides the public with financial information about a nonprofit organization, and is often the only source of such information. It is also used by government agencies to prevent organizations from abusing their tax-exempt status. In June 2007, the IRS released a new Form 990 that requires significant disclosures on corporate governance and boards of directors. These new disclosures are required for all nonprofit filers for the 2009 tax year, with more significant reporting requirements for nonprofits with over $1 million in revenues or $2.5 million in assets. In addition, certain nonprofits have more comprehensive reporting requirements, such as hospitals and other health care organizations (Schedule H). The Form 990 may be filed with the IRS by mail or electronically with an Authorized IRS e-file Provider.

The Form 990 disclosures do not require but strongly encourage nonprofit boards to adopt a variety of board policies regarding governance practices. These suggestions go beyond Sarbanes-Oxley requirements for nonprofits tadopt whistleblower and document retention policies. The IRS has indicated they will use the Form 990 as an enforcement tool, particularly regarding executive compensation. For example, nonprofits that adopt specific procedures regarding executive compensation are offered safe harbor from excessive compensation rules under section 4958 of the Internal Revenue Code and Treasury Regulation section 53.4958-6. [11]

Public Inspection IRC 6104(d) regulations state that an organization must provide copies of its three most recent Forms 990 to anyone who requests them, whether in person, by mail, fax, or e-mail. Additionally, requests may be made via the IRS using Form 4506-A, and PDF copies can often be found online as noted below.

In addition to Form 990, tax-exempt organizations are also subject to a variety of disclosure and compliance requirements through various schedules which are attached to Form 990 (and, in some cases, 990-EZ or 990-PF). Filing of schedules by organizations supplements, enhances, and further clarifies disclosures and compliance reporting made in Form 990. Often, filing of schedules is mandatory, but there are situations where organizations not otherwise subject to filing requirements may consider completing certain schedules despite not being technically obligated to. The current[ when? ] list of possible schedule filings are:

5500

The Form 5500, Annual Return/Report of Employee Benefit Plan, was developed jointly by the IRS, United States Department of Labor, and Pension Benefit Guaranty Corporation to satisfy filing requirements both under the Internal Revenue Code (IRC) and the Employee Retirement Income Security Act (ERISA). The Form 5500 is an important compliance, research, and disclosure tool intended to assure that employee benefit plans are properly managed and to provide participants, beneficiaries, and regulators with sufficient information to protect their rights. Starting in 2009, all Forms 5500 must be filed electronically on the website of the Department of Labor.

Other

The Form 1040NR, US Nonresident Alien Income Tax Return, and its shorter version Form 1040NR-EZ, US Income Tax Return for Certain Nonresident Aliens With No Dependents, are used by nonresident aliens who have US source income and therefore have to file a US tax return. Joint returns are not permitted, so that husband and wife must each file a separate return. The Form 1040NR-EZ can be used under conditions similar to those for the 1040EZ form. [24]

The Form 1040X, Amended US Individual Tax Return, is used to make corrections to Form 1040, Form 1040A, and Form 1040EZ tax returns that have been previously filed. Generally for a tax refund, this form must be filed within 3 years after the date that the original version was filed, or within 2 years after the date that the tax was paid, whichever is later. Forms 1040X are processed manually and therefore take longer than regular returns. For years prior to 2010, Form 1040X had three columns: for the amounts from the original version, for the net increase or decrease for each line being changed, and for the corrected amounts. For 2010, the form was condensed with a single column for the corrected amounts. Due to confusion amongst taxpayers on how to complete the single-column form, the IRS revised the Form 1040X again for 2011 by returning to the original three-column format.

Self-employed individuals and others who do not have enough income taxes withheld, might need to file Form 1040-ES, Estimated Tax for Individuals, each quarter to make estimated installments of annual tax liability (pay-as-you-go tax).

Entity returns

1120 series

Form 1120 (officially the "U.S Corporate Income Tax Return") is one of the IRS tax forms used by corporations (specifically, C corporations) in the United States to report their income, gains, losses, deductions, credits and to figure out their tax liability. [25] [26] [27] The form has many variants for corporations with different structures; the most common variant is the Form 1120S used by S corporations. [28] [29] Form 1120 consists of 1 page with 36 lines and 6 additional schedules. Lines 1-11 deal with income, lines 12−29 deal with deductions, and lines 30-36 deal with tax, refundable credits, and payments. [30]

Form 1120 was originally introduced under the presidency of Woodrow Wilson at the end of World War I, and described as the "blank on which corporations will report their war excess profits and income taxes." The first applicable tax year was 1918, and the form was made available around March 15, 1919. [31] Two other forms released the same year were Form 1065 (for partnerships and personal service corporations) and Form 1115 (for nonresident aliens to receive the benefit of personal exemptions). [32] The release of these forms came only a few years after the release of Form 1040, the personal income tax return form, that first applied to the 1913 tax year. [33] [34]

The Tax Foundation has published studies on the effective tax rate and its distribution across corporations, as well as the compliance cost. [35] Form 1120 is also included in Tax Foundation reports on the overall cost of tax compliance. [36] A New York Times article in 1994 cited a Tax Foundation report based on 1993 data for the claim that corporations with assets of less than $1 million spent $15.9 billion in tax compliance and yet effectively spent only $4.1 billion to pay taxes, suggesting a huge and inefficient cost of compliance. [25]

A 2015 report by the Wall Street Journal on the cost of tax compliance software estimated an average cost of $817 for Form 1120 and $778 for Form 1120S. [37]

Employment (payroll) taxes

Transfer taxes

Information returns

Informational returns are prepared by third parties (employers, banks, financial institutions, etc.) and report information to both the IRS and taxpayers to help them complete their own tax returns. The forms report the amounts only on a calendar year (January 1 through December 31) basis, regardless of the fiscal year used by the payer or payee for other federal tax purposes. Taxpayers are usually not required to attach informational returns to their own federal income tax returns unless the form shows federal income tax withheld. Many businesses and organizations must file thousands of information returns per year.[ citation needed ]

The issuance or non-issuance of an informational return is not determinative of the tax treatment required of the payee. For example, some income reported on Form 1099 might be nontaxable and some taxable income might not be reported at all. Each payee-taxpayer is legally responsible for reporting the correct amount of total income on his or her own federal income tax return regardless of whether an informational return was filed or received.

1095 series

Form 1095 series is used to report health care insurance coverage per the individual health insurance mandate of the Affordable Care Act tax provisions. Each 1095 form lists the primary recipient of the insurance policy along with all the individuals covered under it. The forms also report the period of the coverage, whether the entire year or only certain months.

There are three types of 1095 forms:

1098 series

1099 series

Form 1099 series is used to report various types of income other than wages, salaries, and tips (for which Form W-2 is used instead). Examples of reportable transactions are amounts paid to a non-corporate independent contractor for services (in IRS terminology, such payments are nonemployee compensation). The ubiquity of the form has also led to use of the phrase "1099 workers" or "the 1099 economy" to refer to the independent contractors themselves. [39] In 2011 the requirement has been extended by the Small Business Jobs Act of 2010 to payments made by persons who receive income from rental property.

Each payer must complete a Form 1099 for each covered transaction. Four copies are made: one for the payer, one for the payee, one for the IRS, and one for the State Tax Department, if required. [40] Payers who file 10 or more Form 1099 reports must file all of them electronically with the IRS. [41] If the fewer than 10 requirement is met, and paper copies are filed, the IRS also requires the payer to submit a copy of Form 1096, which is a summary of information forms being sent to the IRS. The returns must be filed with the IRS by the end of February (will change to January starting in 2016) immediately following the year for which the income items or other proceeds are paid. Copies of the returns must be sent to payees, however, by the end of January. The law provides various dollar amounts under which no Form 1099 reporting requirement is imposed. For some Forms 1099, for example, no filing is required for payees who receive less than $600 from the payer during the applicable year. [42]

Variants for Form 1099

As of 2020, several versions of Form 1099 are used, depending on the nature of the income transaction:

5498 Series

W series

W-1

The form W-1, Return of Income Tax Withheld on Wages, was the original form used to report Federal income tax withholding. In 1950, both Form W-1 and Form SS-1, which reported Social Security tax withholding, were replaced by Form 941 which is used by employers to report both income tax withholding and Social Security taxes. [43]

W-2

The Form W-2, Wage and Tax Statement, is used to report wages paid to employees and the taxes withheld from them. [44] Employers must complete a Form W-2 for each employee to whom they pay a salary, wage, or other compensation as part of the employment relationship. An employer must mail out the Form W-2 to employees on or before January 31. This deadline gives these taxpayers about 3 months to prepare their returns before the April 15 income tax due date. The form is also used to report FICA taxes to the Social Security Administration. The Form W-2, along with Form W-3, generally must be filed by the employer with the Social Security Administration by the end of February. Relevant amounts on Form W-2 are reported by the Social Security Administration to the Internal Revenue Service. In territories, the W-2 is issued with a two letter code indicating which territory, such as W-2GU for Guam. If corrections are made, it can be done on a W-2c.

W-2G

The Form W-2G, Gambling Winnings, is used to report Gambling Winnings (direct wager only) to the IRS. It is completed when the winnings are $600.00 or more in any one session and 300 times the buy-in or wager.

W-3

The Form W-3 is a summary page of all W-2 forms issued by the employer. It is only used on paper filing of W-2 information. Like the W-2, the W-3c allows for corrections. W-3SS is used for the W-2 territorial returns.

W-4

The Form W-4 is used by employers to determine the amount of tax withholding to deduct from employees' wages. The form is not mailed to the IRS but retained by the employer. Tax withholdings depend on employee's personal situation and ideally should be equal to the annual tax due on the Form 1040. When filling out a Form W-4 an employee calculates the number of Form W-4 allowances to claim based on his or her expected tax filing situation for the year. The amount of money withheld as federal income tax is reduced for each Form W-4 allowance taken. No interest is paid on over-withholding, but penalties might be imposed for under-withholding. Alternatively, or in addition, the employee can send quarterly estimated tax payments directly to the IRS (Form 1040-ES). Quarterly estimates may be required if the employee has additional income (e.g. investments or self-employment income) not subject to withholding or insufficiently withheld. There are specialized versions of this form for other types of payment (W-4P for pensions as an example).

W-5

The Form W-5 used to be filed by employees with their employer to claim an Advanced Earned Income Tax Credit to be added to their paychecks as an advance on the EITC they would claim when they filed their income tax. The Form has not been used since 2010, the last year that the EITC could be gotten in advance of filing a 1040.

W-7

The Form W-7 and related documents are the application for IRS Individual Taxpayer Identification Number (ITIN). This number is used to identify taxpayers who do not qualify for a social security number.

W-8 Series

The Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding, is used by foreign persons (including corporations) to certify their non-US status. The form establishes that one is a non-resident alien or foreign corporation, to avoid or reduce tax withholding from US source income, such as rents from US property, interest on US bank deposits or dividends paid by US corporations. The form is not used for US wages and salaries earned by non-resident aliens (in which case Form W-4 is used), or for US freelance (dependent personal services) income (in which case Form 8233 is used). The form requires the foreign person to provide a US Taxpayer Identification Number unless the US income is dividends or interest from actively traded or similar investments. Other W-forms handle other international issues. The IRS released a new version of W-8BEN in February 2014 that required corporations to sign a W-8BEN-E form instead.

W-9

Form W-9, 2005 Form W-9, 2005.png
Form W-9, 2005

The Form W-9, Request for Taxpayer Identification Number and Certification, serves two purposes. First, it is used by third parties to collect identifying information to help file information returns with the IRS. [45] It requests the name, address, and taxpayer identification information of a taxpayer (in the form of a Social Security Number or Employer Identification Number). The form is never actually sent to the IRS, but is maintained by the person who files the information return for verification purposes. The information on the Form W-9 and the payment made are reported on a Form 1099. [46] The second purpose is to help the payee avoid backup withholding. The payer must collect withholding taxes on certain reportable payments for the IRS. However, if the payee certifies on the W-9 they are not subject to backup withholding they generally receive the full payment due them from the payer. [45] This is similar to the withholding exemptions certifications found on Form W-4 for employees.

W-10

The Form W-10, Dependent care provider identification, is a way for day care service providers to provide information to the individual so they can take credits for care of their children. This form is frequently replaced with a freeform statement indicating the Tax ID of the day care or individual and how much is paid.

W-11

The Form W-11, Hiring Incentives to Restore Employment (HIRE) Act Employee Affidavit, is to certify that a new employee was previously unemployed in order to qualify for a tax credit in accordance with the HIRE act.

W-12

The form W-12 is a form for tax preparation professionals to apply for their ID Number. It is being phased out in favor of an electronic application.

Other forms

Form 2553, 2005 Form 2553, 2005.png
Form 2553, 2005
  • $87,500 for 2007 [48]
  • $87,600 for 2008 [49]
  • $91,400 for 2009 [50]
  • $91,500 for 2010 [51]
  • $92,900 for 2011 [52]
  • $95,100 for 2012 [53]
  • $97,600 for 2013 [54]
  • $99,200 for 2014 [55]
  • $100,800 for 2015 [56]
  • $101,300 for 2016 [57]

Also, it can be used to claim a housing exclusion or deduction. A filer cannot exclude or deduct more than their foreign earned income for the tax year.

Public disclosure

In the United States, tax records are not publicly available, with the exception of Forms 990 and 1023 for nonprofit organizations, which are generally open for public inspection. Selected tax data is released as economic data for research. [59] In other countries such as Norway and Finland, tax records are public information. Tax filings in the US were not private when federal income taxation began in 1861, but controversy led to Congress prohibiting any examination of tax records by 1894. Congress allowed public examination of individual and corporate tax payments only in 1923, but the disclosure was eliminated by 1924. In 1934 the measure was briefly considered again. As of 2010, various experts have advocated that the income and tax payments be released for individuals and corporations to shed further light on tax efficiency and spur reform. These experts have suggested only releasing information that cannot be used for identity theft to address privacy concerns. [60]

See also

Related Research Articles

<span class="mw-page-title-main">Form 1040</span> IRS tax record

Form 1040, officially, the U.S. Individual Income Tax Return, is an IRS tax form used for personal federal income tax returns filed by United States residents. The form calculates the total taxable income of the taxpayer and determines how much is to be paid to or refunded by the government.

<span class="mw-page-title-main">Taxation in the United States</span> United States tax codes

The United States has separate federal, state, and local governments with taxes imposed at each of these levels. Taxes are levied on income, payroll, property, sales, capital gains, dividends, imports, estates and gifts, as well as various fees. In 2020, taxes collected by federal, state, and local governments amounted to 25.5% of GDP, below the OECD average of 33.5% of GDP.

A pay-as-you-earn tax (PAYE), or pay-as-you-go (PAYG) in Australia, is a withholding of taxes on income payments to employees. Amounts withheld are treated as advance payments of income tax due. They are refundable to the extent they exceed tax as determined on tax returns. PAYE may include withholding the employee portion of insurance contributions or similar social benefit taxes. In most countries, they are determined by employers but subject to government review. PAYE is deducted from each paycheck by the employer and must be remitted promptly to the government. Most countries refer to income tax withholding by other terms, including pay-as-you-go tax.

Tax returns in the United States are reports filed with the Internal Revenue Service (IRS) or with the state or local tax collection agency containing information used to calculate income tax or other taxes. Tax returns are generally prepared using forms prescribed by the IRS or other applicable taxing authority.

Three key types of withholding tax are imposed at various levels in the United States:

A tax refund is a payment to the taxpayer due because the taxpayer has paid more tax than owed.

<span class="mw-page-title-main">Form W-2</span> Internal Revenue Service tax form used in the United States

Form W-2 is an Internal Revenue Service (IRS) tax form used in the United States to report wages paid to employees and the taxes withheld from them. Employers must complete a Form W-2 for each employee to whom they pay a salary, wage, or other compensation as part of the employment relationship. An employer must mail out the Form W-2 to employees on or before January 31 of any year in which an employment relationship existed and which was not contractually independent. This deadline gives these taxpayers about 2 months to prepare their returns before the April 15 income tax due date. The form is also used to report FICA taxes to the Social Security Administration. Form W-2 along with Form W-3 generally must be filed by the employer with the Social Security Administration by the end of February following employment the previous year. Relevant amounts on Form W-2 are reported by the Social Security Administration to the Internal Revenue Service. In US territories, the W-2 is issued with a two letter territory code, such as W-2GU for Guam. Corrections can be filed using Form W-2c.

Form 1099 is one of several IRS tax forms used in the United States to prepare and file an information return to report various types of income other than wages, salaries, and tips. The term information return is used in contrast to the term tax return although the latter term is sometimes used colloquially to describe both kinds of returns.

Tax withholding, also known as tax retention, pay-as-you-earn tax or tax deduction at source, is income tax paid to the government by the payer of the income rather than by the recipient of the income. The tax is thus withheld or deducted from the income due to the recipient. In most jurisdictions, tax withholding applies to employment income. Many jurisdictions also require withholding taxes on payments of interest or dividends. In most jurisdictions, there are additional tax withholding obligations if the recipient of the income is resident in a different jurisdiction, and in those circumstances withholding tax sometimes applies to royalties, rent or even the sale of real estate. Governments use tax withholding as a means to combat tax evasion, and sometimes impose additional tax withholding requirements if the recipient has been delinquent in filing tax returns, or in industries where tax evasion is perceived to be common.

<span class="mw-page-title-main">Income tax in the United States</span> Form of taxation in the United States

The United States federal government and most state governments impose an income tax. They are determined by applying a tax rate, which may increase as income increases, to taxable income, which is the total income less allowable deductions. Income is broadly defined. Individuals and corporations are directly taxable, and estates and trusts may be taxable on undistributed income. Partnerships are not taxed, but their partners are taxed on their shares of partnership income. Residents and citizens are taxed on worldwide income, while nonresidents are taxed only on income within the jurisdiction. Several types of credits reduce tax, and some types of credits may exceed tax before credits. Most business expenses are deductible. Individuals may deduct certain personal expenses, including home mortgage interest, state taxes, contributions to charity, and some other items. Some deductions are subject to limits, and an Alternative Minimum Tax (AMT) applies at the federal and some state levels.

<span class="mw-page-title-main">Form W-9</span> United States income tax form

Form W-9 is used in the United States income tax system by a third party who must file an information return with the Internal Revenue Service (IRS). It requests the name, address, and taxpayer identification information of a taxpayer.

<span class="mw-page-title-main">Form W-4</span> US Employees Withholding Allowance Certificate IRS form

Form W-4 is an Internal Revenue Service (IRS) tax form completed by an employee in the United States to indicate his or her tax situation to the employer. The W-4 form tells the employer the correct amount of federal tax to withhold from an employee's paycheck.

<span class="mw-page-title-main">IRS penalties</span>

Taxpayers in the United States may face various penalties for failures related to Federal, state, and local tax matters. The Internal Revenue Service (IRS) is primarily responsible for charging these penalties at the Federal level. The IRS can assert only those penalties specified imposed under Federal tax law. State and local rules vary widely, are administered by state and local authorities, and are not discussed herein.

E-file is a system for submitting tax documents to the US Internal Revenue Service through the Internet or direct connection, usually without the need to submit any paper documents. Tax preparation software with e-filing capabilities includes stand-alone programs or websites. Tax professionals use tax preparation software from major software vendors for commercial use.

Tax information reporting in the United States is a requirement for organizations to report wage and non-wage payments made in the course of their trade or business to the Internal Revenue Service (IRS). This area of government reporting and corporate responsibility is continuously growing, carrying with it a large number of regulatory requirements established by the federal government and the states. There are currently more than 30 types of tax information returns required by the federal government, and they provide the primary cross-checking measure the IRS has to verify accuracy of tax returns filed by individual taxpayers.

<span class="mw-page-title-main">Tax return</span> List of individuals monetary gains and losses over 12 months submitted to government each year

A tax return is a form on which a person or organization presents an account of income and circumstances, used by the tax authorities to determine liability for tax.

In the United States, an income tax audit is the examination of a business or individual tax return by the Internal Revenue Service (IRS) or state tax authority. The IRS and various state revenue departments use the terms audit, examination, review, and notice to describe various aspects of enforcement and administration of the tax laws.

In the United States, Form 1099-MISC is a variant of Form 1099 used to report miscellaneous income. One notable use of Form 1099-MISC was to report amounts paid by a business to a non-corporate US resident independent contractor for services, but starting tax year 2020, this use was moved to the separate Form 1099-NEC. The ubiquity of the form has also led to use of the phrase "1099 workers" or "the 1099 economy" to refer to the independent contractors themselves. Other uses of Form 1099-MISC include rental income, royalties, and Native American gaming profits.

<span class="mw-page-title-main">Form 1042</span> American tax forms

Forms 1042, 1042-S and 1042-T are United States Internal Revenue Service tax forms dealing with payments to foreign persons, including nonresident aliens, foreign partnerships, foreign corporations, foreign estates, and foreign trusts.

<span class="mw-page-title-main">Form 1099-R</span> US tax form for reporting on income distributions

In the United States, Form 1099-R is a variant of Form 1099 used for reporting on distributions from pensions, annuities, retirement or profit sharing plans, IRAs, charitable gift annuities and Insurance Contracts. Form 1099-R is filed for each person who has received a distribution of $10 or more from any of the above.

References

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  30. ↑ "Form 1120 (2015)" (PDF). Internal Revenue Service. Retrieved June 20, 2016.
  31. ↑ "TAX BLANKS DELAYED.; But Corporations May Use Tentative Forms for Their Returns". New York Times . March 8, 1919. Retrieved June 27, 2016.
  32. ↑ "3 NEW INCOME TAX FORMS". New York Times . May 13, 1919. Retrieved June 27, 2016.
  33. ↑ "RETURN OF ANNUAL NET INCOME OF INDIVIDUALS" (PDF). Internal Revenue Service. October 3, 1913. Retrieved January 1, 2016.
  34. ↑ "1913 Internal Revenue Service 1040 Form". Tax Foundation. January 2005. Archived from the original on November 1, 2015. Retrieved January 1, 2016.
  35. ↑ McBridge, William (September 1, 2011). "Beyond the Headlines: What Do Corporations Pay in Income Tax?" (PDF). Tax Foundation . Retrieved June 27, 2016.
  36. ↑ Moody, J. Scott; Warcholik, Wendy P.; Hodge, Scott A. (December 1, 2005). "The Rising Cost of Complying with the Federal Income Tax" (PDF). Tax Foundation . Retrieved June 27, 2016.
  37. ↑ Sanders, Laura (January 16, 2015). "What Tax Preparers Are Really Charging for 2014 Returns". Wall Street Journal . Retrieved June 27, 2016.
  38. ↑ 1995 1040 instructions p. 5
  39. ↑ "The Rise of The 1099 Economy: More Americans Are Becoming Their Own Bosses". Forbes .
  40. ↑ IRS instructions for form 1099, including a guide to what payments must be reported.
  41. ↑ Topic 801 - Who Must File Electronically, Internal Revenue Service.
  42. ↑ Instructions for Form 1099-MISC (2012), Internal Revenue Service.
  43. ↑ "Some Tax History: Whatever Happened to the W-1?".
  44. ↑ See generally 26 U.S.C.   § 6051, 26 C.F.R. sec. 31.6051-1 and sec. 31.6051-2.
  45. 1 2 Internal Revenue Code § 31.3406(h)-3
  46. ↑ Internal Revenue Code § 1.6041-1
  47. ↑ "IRS Form 2555, Foreign Earned Income". IRS. August 27, 2017.
  48. ↑ "IRS 2007 Form 2555, Foreign Earned Income (PDF)" (PDF). IRS. 2007.
  49. ↑ "IRS 2008 Form 2555, Foreign Earned Income (PDF)" (PDF). IRS. 2008.
  50. ↑ "IRS 2009 Form 2555, Foreign Earned Income (PDF)" (PDF). IRS. 2009.
  51. ↑ "IRS 2010 Form 2555, Foreign Earned Income (PDF)" (PDF). IRS. 2010.
  52. ↑ "IRS 2011 Form 2555, Foreign Earned Income (PDF)" (PDF). IRS. 2011.
  53. ↑ "IRS 2012 Form 2555, Foreign Earned Income (PDF)" (PDF). IRS. 2012.
  54. ↑ "IRS 2013 Form 2555, Foreign Earned Income (PDF)" (PDF). IRS. 2013.
  55. ↑ "IRS 2014 Form 2555, Foreign Earned Income (PDF)" (PDF). IRS. 2014.
  56. ↑ "IRS 2015 Form 2555, Foreign Earned Income (PDF)" (PDF). IRS. 2015.
  57. ↑ "IRS 2016 Form 2555, Foreign Earned Income (PDF)" (PDF). IRS. 2016.
  58. ↑ "Get a Deduction When Using Loans to Pay Tuition". Fox Business . April 25, 2014.
  59. ↑ Greenia N. (2007). "Statistical Use of U.S. Federal Tax Data". SOI Paper Series.
  60. ↑ Bernasek A. (2010). "Should Tax Bills Be Public Information?". The New York Times.

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