Filing Taxes, Part 2: Forms, Filing Status, and Income

Filing Taxes, Part 2: Forms and Income

If you have a job and have received a paycheck, you have to file an income tax return for that year.

• True

• False

Filing Taxes, Part 2: Forms and Income

Income tax returns have to be mailed to the IRS each year by this date:

• January 15

• March 15

• April 15

• June 15

Filing Taxes, Part 2: Forms and Income

Use Form 1040 or a 1040EZ to complete an income tax return.

• True

• False

Filing Taxes, Part 2: Forms and Income

Your employer will send you this form in January of each year. It shows the wages that you received in the previous year.

• 1040

• W-2

• 1099

• W-4

Filing Taxes, Part 2: Forms and Income

Other types of income, such as interest on a savings account or nonemployee compensation (contract labor), are reported on this form:

• 1040

• W-2

• 1099

• W-4

Filing Taxes, Part 2: Forms and Income

Filing status refers to

• whether you are married, single, head of household, or widowed

• whether you are on time or late in getting your taxes filed

• the number of dependents you have

Filing Taxes, Part 2: Forms and Income

A dependent is

• a person whom you support financially

• a relative who lives at your house

Filing Taxes, Part 2: Forms and Income

If you are a dependent on your parents' tax return, you do NOT file your own tax return.

• True

• False

Filing Taxes, Part 2: Forms and Income

When you file your own tax return, you might qualify for a refund.

• True

• False

Filing Taxes, Part 2: Forms and Income

If you own your own business, you would report your income as self-employment income.

• True

• False