Employment Forms
You complete & turned in this form when you are hired to let your employer know how much to withhold from your paycheck.
What is a W-4?
Amount taken out of your check for taxes.
If you claim tax exempt but make more money, this will happen.
What is you will owe money at tax time?
W-2 is completed by this person.
What is your employer?
A 1099 is important because you must pay taxes on this.
Forms that must be sent out by January 31st.
What are W-2's and 1099's?
Every citizen files their tax return voluntarily by April 15th.
What is voluntary compliance?
You fill out a new W-4 anytime this happens.
What is you start a new job or your family situation changes?
$600
What is the IRS?
Form that reflects income earned and taxes paid during the previous year.
What is a W-2?
If you don't report your earnings or pay your taxes, you are guilty of what?
What is tax evasion?
Children under 19, full-time students under 24, & anyone permanently disabled
A W2 determines this.
What is whether you will receive a refund or owe at tax time?
Examples of 1099 situation.
What are freelance workers, stock dividends, canceled debt?
Form used to verify employee eligibility.
What is an I-9?
What is an audit?
This requires a completed W-4.
What is the law?
What is the IRS?
Getting a 1099 does not guarantee this.
What is you have to pay taxes?
Record that an entity paid you certain types of income.
What is a 1099?
Internet-based system that compares employee information to DHS & SSA records to confirm employee eligibility.
What is E-Verify?
This changes as you age.
What is your tax situation?
Another name for a W-2
What is a Wage & Tax Statement?
1099's are mailed from here.
The entity who paid you