Important Dates
What is the deadline for employers to send w-2s forms to employees?
January 31st,2023
What is a tax return?
A tax return is a documentation filed with a tax authority that reports income, expenses, and other relevant financial information
What is income tax?
Are earnings from work,investments and other sources.
What age is it that you will no longer be claimed as a dependant?
21
By which date do you have to send certain 1099 forms?
January 31st,2023
What is a w-2 form?
tax form used in the United States to report wages paid to employees and the taxes withheld from them.
What is property tax?
Taxes on the value of land and buildings.
Who pays federal income tax?
Everyone who earns a paycheck
Deadline for extended tax returns
October 16th,2023
What is a w-4 form?
A w-4 is a form the employee fills out upon hiring to let an employer know how much to withhold from their paychecks.
What is sales tax?
a fee that is added to the price of an item
How many states do not have income tax?
7
2023 tax payment due
January15th,2024
What is a 1099?
a 1099 is given to independent contractors and other non payroll workers.
What is gift tax?
is a tax on the transfer of property by one individual to another while receiving nothing or less than full value in return.
What is the biggest problem with taxes?
Failure to collect what is legally owed