File or Nah?
How many years of Personal Tax Returns MUST be filed to be compliant?
Last 6 Years
An employee will receive this Tax Form
W-2
Got a Sole Prop? Give my your profit loss so I can file this Schedule
Schedule C
Rejected: They didn't give us this six digit number that protects their identity
IP PIN
How many years of Corporate Tax Returns MUST be filed to be compliant
All years since the business started
Sold stocks? Don't talk, send me this tax form
1099-B
Don't standardize, Itemize! Claim itemized deductions on this Schedule
Schedule A
Rejected: Duplicate of an already filed return. I should probably check this transcript to see if they filed
Account Transcript
I MUST file if I made at least this much in Self Employment. (Why so low bro?)
$400
I cried when I saw how much I paid in Mortgage Interest on this Tax Form
1098: Mortgage Interest
Got a K-1? Report on this Schedule, it lives rent free in my head
Schedule E
Rejected: Form 8962, Premium Tax Credit. Getting this form would be good for their health.
1095-A
When is a W-2 from IHSS tax free?
When the caregiver lived with the patient
Trust me, you'll definitely get a K-1 1041 if you get this type of income
beneficiary's share of the estate's or trust's income
This schedule is needed to figure the tax due on net earnings from self-employment
Schedule SE
Rejected: client already filed, but they say they didn't! They say their identity was stolen so we'll need them to fill out on of these
Identity Theft Affidavit (Form 14039)
How much of this Single clients income is taxable?1099-SSA: $12,000
5498: $2,000
W-2: $14,000
$14,000
This form reported on WAID is to report tax withheld on the income of foreign persons
1042
I should've gone to college. Then I'd learn about these credits filed on Schedule 8863
Education Credits
Will also accept:
- American Opportunity Tax Credit (ATOC)
- Lifetime Learning Credit (LLC)
Rejected: Form 5405. They must have bought a house in 2008-2010 and got this credit. It feels like the first time
First Time Homebuyer Credit