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IRS Forms
Parson - IRS Forms
Question | Answer |
---|---|
Form filled out for each employee that indicates to the employer how much to withhold for federal income tax from each paycheck | W-4 |
Common form used to report income. It reports interest earned in savings accounts and/or outside contractors. | Form 1099 |
Most commont tax return perpared by students. | 1040 EZ |
Employer's Quarterly Federal Tax Return reports the accumulated amounts of FICA, and FIT withheld from employees' earnings for the quarter as well as FICA tax owed by the employer | Form 941 |
Employer's Unemployment tax return for both state and federal | Form 940 |
A form that provides the employee with a summary of earnings and amounts withheld for federal, state, and local taxes; also, called a wage and tax statement | Form W-2 |
The transmittal of Wage and Tax Statements, filed with the federal government to summarize the information contained on the employees Forms W-2 | Form W-3 |
Federal Tax Deposit Coupon that is prepared and sent with every check sent to the federal government. The form identifies the type of tax and the tax period | Form 8109 |