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Links & Forms

Common Tax Forms You Need to Know

​Aside from the W2 and the 1040, there are multiple other tax forms you are likely to encounter when filing your taxes. While you don’t need to know the specifics of each and every form, a surface-level familiarity with them will help you understand which form to use when.
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W-2
​The W2 is the primary employer-issued tax form. If an employer paid you wages of more than $600 from which income, social security, or Medicare was withheld, you will receive a W2.
W-2
W-2G
​Form W-2G is the “Certain Gambling Winnings” form. It is used to report gambling winnings and any taxes withheld on those winnings. If you have won a significant sum from any gambling institution, you’ll receive a W-2G.
W-2G
1040
Form 1040 is the “U.S. Individual Income Tax Return.” It’s the primary form used by individuals to file their income tax returns with the IRS, although there are two variants: the 1040EZ and the 1040-A. The first page of the 1040 collects information on the taxpayer, any dependents, income, and adjustments to income. The second page shows deductions and credits and taxes due.
1040
1040EZ
The 1040EZ is a simplified version of the 1040 that consists of only six sections known as the “Income Tax Return for Single and Joint Filers With No Dependents.” Only taxpayers with taxable income below $100,000 who take their standard deduction can file with the 1040EZ.
1040EZ
1040A
The 1040A is a shortened version of the 1040, but is still more complex than the 1040EZ. Its nickname is “the short form.” The 1040A has the same usage requirements as the 1040EZ.
1040A
1099-MISC
The 1099-MISC is similar to a W2 in that it is provided by employers, but to independent contractors who have earned at least $600 over the course of the year in rent, services performed, prizes and awards, medical and health care payments, crop insurance proceeds, cash payments for fish or other aquatic life, payments to an attorney, and more. This form is also given to individuals who have earned at least $10 in royalties or broker payments.
1099-MISC
1099-DIV
Form 1099-DIV is used to report ordinary dividends, total capital gains, qualified dividends, non-taxable distributions, federal income tax withheld, foreign taxes paid, and foreign source income from investments held by fund companies.
1099-DIV
1099-INT
Form 1099-INT shows interest income from the previous tax year such as that paid from savings accounts, interest-bearing checking accounts, and US Savings bonds. The form is issued by banks, brokerage firms, and other financial institutions.
1099-INT
1099-G
1099-G is the “Certain Government Payments” form. It’s used to report unemployment compensation, state or local income tax refunds, credits, offsets, reemployment trade adjustment assistance (RTAA) payments, taxable grants, and/or agricultural payments.
1099-G
1099-SSA
The SSA-1099 reports any social security benefits earned, including retirement benefits, disability benefits, and survivor benefits. Depending on a variety of factors, social security benefits may or may not be taxable. There are two variants of the SSA-1099: the SSA-1099-R-OP1 and the SSA-1099-SM. These forms are handled exactly like an SSA-1099.
SSA-1099
1098-T
Form 1098-T is known as the “Tuition Statement.” It is used to determine potential education credits, tuition and fee deductions, and other benefits for qualified tuition expenses. This form enables credits like The Lifetime Learning Credit, the American Opportunity Credit, and others.
1098-T
1998-E
This form is known as the “Student Loan Interest Statement.” Like the name implies, this form displays the amount of interest paid on student loans during the previous tax year. These interest payments are often deductible from your federal tax return, which can lower the amount of taxable income you’re liable for.
1098-E
1095-A
Form 1095-A is the “Health Insurance Marketplace Statement.” If you purchased health insurance through one of the Health Care Exchanges, you will receive one of these forms showing the necessary information for you to obtain the Premium Tax Credit, a benefit introduced with the Affordable Care Act to offset the cost of healthcare.
​1095-A

Below are links to useful webpages:
Internal Revenue Service (IRS):  www.irs.gov/

Office of Management & Budget (OMB):  www.omb.gov

Uniform Guidance (UG): Uniform Guidance

Charlotte County Property Appraiser (record search):  www.ccappraiser.com/record.asp

City of Punta Gorda:  www.ci.punta gorda.fl.us

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