Tax Forms and Their Purpose

• I arrive in the mail or electronically in January

• There is one of me for every job you work as an employee

• I tell you how much you earned and how much you already paid in taxes

• 1040

• W-2

• W-4

• 1099

• I-9

• 1. I arrive in the mail or electronically in January

• 2. You get me if…

  • a. You are NOT an employee, but were paid by a company

  • b. You sold investments (for a loss or gain)

  • c. You received dividend or interest payments

  • d. You earned other types of income

• 3. You probably didn’t withhold taxes from my earnings, so you may have a big tax bill coming up!

• 1040

• W-2

• W-4

• 1099

• I-9

• My filing deadline is in April

• Most people who earned income last year should complete me

• Beware, there is a LOT to fill out

• 1040

• W-2

• W-4

• 1099

• I-9

• Your employer asks you to complete me when you start a new job

• You list information about yourself and your family on me

• I determine how much money gets taken out of each paycheck

• 1040

• W-2

• W-4

• 1099

• I-9

• Your employer asks you to complete me when you start a new job

• You use me to prove that you are eligible to work in the U.S.

• You must provide identification when submitting me

• 1040

• W-2

• W-4

• 1099

• I-9