Tax forms Flashcards
(8 cards)
1
Q
1040
A
Tax return document sent by IRS used to file
2
Q
W-2
A
Filed by employees detailing earnings and income taxes
3
Q
1099
A
Filled by a Independent Contractor; Income accrued with company they contract with
4
Q
Schedule C
A
Attached with a 1040, Filled by a sole proprietor detailing the money the buisness made the previous year
5
Q
Schedule SE
A
Attachment to 1040 for self employed tax information
6
Q
Schedule K-1
A
Form attached to 1040 for individual partnership members income
7
Q
Profits and Loss
A
Businesses profits and losses during the year
8
Q
Gift taxes
A
$25 per person; deductable taxes
