Wednesday 24 May 2023

Types of Forms to be submit in Returns for USA

The following information returns provide potential sources of taxpayer gross income :


W-2 - Wage and Tax Statement

W-2G - Certain Gambling Winnings

Form 1099-B, Proceeds from Broker and Barter Exchange Transactions

Form 1099-C Cancellation of Debt

Form 1099-DIV - Dividends and Distributions

Form 1099-G - Certain Government Payments

Form 1099-INT - Interest Income

Form 1099-K - Payment Card and Third Party Network Transactions

Form 1099-MISC - Miscellaneous Income

Form 1099-NEC - Nonemployee Compensation

Form 1099-OID - Original Issue Discount

Form 1099-PATR - Taxable Distribution Received from Co-Operatives

Form 1099-Q - Payments from Qualified Education Programs (Under Section 529/530)

Form 1099-R - Distributions from Pensions, Annuities, Retirement or Profit Sharing Plans, IRAs, Insurance Contracts, etc,

Form 1099-S - Proceeds from Real Estate Transactions

Form 1099-SA - Distributions From an HSA, Archer, MSA, or Medicare Advantage MSA

Schedule K-1 (Form 1065) - Partner's Share of Income, Deductions, Credits, Etc,

Schedule K-1 (From 1120-S) - Shareholder's Share of Income, Deductions, Credits, Etc,

No comments:

P & H HC stays the operation of Circular clarifying taxability of corporate guarantee

  This Tax Alert summarizes a recent interim order [1] passed by the Punjab & Haryana High Court (HC) staying the effect and operation ...