Common Tax Forms
Essential Tax Forms Guide: Descriptions & Links | The Collingwood Group
Navigate tax season confidently with our comprehensive guide to common IRS tax forms. Find descriptions and official links for 1040, W-2, 1099s, and more. Simplify your tax filing process today.
Here’s a list of the most common tax forms, along with their titles, descriptions, and links to the official IRS website:
- Form 1040: U.S. Individual Income Tax Return
- Description: The main form for personal federal income tax returns in the United States.
- Link: https://www.irs.gov/forms-pubs/about-form-1040
- Form W-2: Wage and Tax Statement
- Description: Reports an employee’s annual wages and the amount of taxes withheld from their paycheck.
- Link: https://www.irs.gov/forms-pubs/about-form-w-2
- Form 1099-MISC: Miscellaneous Income
- Description: Reports various types of income other than wages, salaries, and tips.
- Link: https://www.irs.gov/forms-pubs/about-form-1099-misc
- Form 1099-INT: Interest Income
- Description: Reports interest income earned from banks, savings and loans, credit unions, and other sources.
- Link: https://www.irs.gov/forms-pubs/about-form-1099-int
- Form 1099-DIV: Dividends and Distributions
- Description: Reports dividend income and other distributions from investments.
- Link: https://www.irs.gov/forms-pubs/about-form-1099-div
- Form 1098: Mortgage Interest Statement
- Description: Reports mortgage interest of $600 or more paid to a lender.
- Link: https://www.irs.gov/forms-pubs/about-form-1098
- Form 1095-A: Health Insurance Marketplace Statement
- Description: Provides information about health insurance coverage obtained through the Health Insurance Marketplace.
- Link: https://www.irs.gov/forms-pubs/about-form-1095-a
- Form 8949: Sales and Other Dispositions of Capital Assets
- Description: Reports sales and exchanges of capital assets, including stocks and bonds.
- Link: https://www.irs.gov/forms-pubs/about-form-8949
- Schedule A (Form 1040): Itemized Deductions
- Description: Used to report itemized deductions such as medical expenses, taxes, interest expenses, and charitable contributions.
- Link: https://www.irs.gov/forms-pubs/about-schedule-a-form-1040
- Schedule C (Form 1040): Profit or Loss From Business
- Description: Used to report income or loss from a sole proprietorship business.
- Link: https://www.irs.gov/forms-pubs/about-schedule-c-form-1040
- Schedule D (Form 1040): Capital Gains and Losses
- Description: Used to report sales, exchanges, and other dispositions of capital assets.
- Link: https://www.irs.gov/forms-pubs/about-schedule-d-form-1040
- Schedule E (Form 1040): Supplemental Income and Loss
- Description: Used to report income from rental properties, royalties, partnerships, S corporations, estates, and trusts.
- Link: https://www.irs.gov/forms-pubs/about-schedule-e-form-1040
Remember to always refer to the most current versions of these forms on the official IRS website, as tax forms and requirements can change from year to year.
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