Tax Forms
I am received in January. You get me if you are not an employee, but were paid by a company. You probably didn’t get taxes withheld if you got me, so you may have a big tax bill coming up
What is a 1099?
First day of the calendar year. Your earnings for the year begin on this date.
January 1
money paid to support a former spouse
alimony
Taxes collected are used to pay for education and public services (such as roads and bridges)
What is "I really hope so"? (True is also a correct answer)
When does a person first start paying Income tax?
When they get a job
I am received whenever you start a job. You list information about yourself and your family on me. I determine how much money gets taken out of each paycheck
What is a Form W4?
Deadline for filing federal and state income returns that have received extensions
Oct. 15
This income tax system that is used in the US and other countries takes a larger portion of your income as it increases
It's legal to pay employees in cash in order to avoid paying payroll taxes
What is False?
This act of congress from 1935 provides retirement, disability, and survivor benefits.
What is social security?
I am received in January. There is one of me for every job I work. You can tell how much you earned and how much you paid in taxes by reading me
What is a form W2?
The tax deadline for partnerships, corporations, S Corps, Multi-Member LLCs
What is March 15th?
Willful failure to pay taxes
What is Tax Evasion? (What is "How Dan Spurlock operates his life" is also an acceptable answer)
Taxation without representation is THEFT
What is True?
The former CPA who was in our group
Who is Bryan Lee-How?
The name of the IRS form that most Americans use to file taxes.
What is form 1040?
Deadline for employees to receive their W-2 from their employer (either by paper or electronically)
Jan. 31
An examination of your tax return and records by the IRS.
Audit
You can avoid payroll taxes by taking distributions from an S Corp
What is true
This political protest occurred on December 16, 1773, at Griffin's Wharf in Boston, Massachusetts. American colonists, frustrated and angry at Britain for imposing “taxation without representation,” dumped 342 chests of tea, imported by the British East India Company into the harbor.
What is "The Boston Tea Party"?
I am received whenever you start a job. You use me to prove that you are eligible to work in the U.S. You must provide forms of identification when submitting me
I9
Last day to e-file or mail federal and state income tax forms or to request an extension
April 15
Money paid to a former spouse (baby mama/daddy) for support of dependent children?
What is child support?
It is legal to flee the country to avoid paying taxes
What is false?
What does IRS stand for?
Internal Revenue Service