Hello World
Tax Glossary
What Is a “Gig Worker”?
A gig worker is an individual who earns income by providing on-demand services, often through a digital platform, app, or...
Tax Glossary
What Is “FUTA tax”?
FUTA tax stands for the Federal Unemployment Tax Act. It is a federal payroll tax paid exclusively by employers to...
Tax Glossary
What Is “Form W-9”?
Form W-9 is an IRS document used by businesses to request the legal name and Taxpayer Identification Number (TIN) of...
Tax Glossary
What Is “Form W-3”?
Form W-3, officially titled “Transmittal of Wage and Tax Statements,” is a summary document that employers send to the Social...
Tax Glossary
What Is “ Form 945 ”?
Form 945 is an annual tax return used by businesses and other entities to report federal income tax withheld from...
Tax Glossary
What Is “Form 944”?
Form 944 is the Employer’s Annual Federal Tax Return. It is a simplified tax form designed for the smallest employers,...
Tax Glossary
What Is “Form 941”?
Form 941 is the Employer’s Quarterly Federal Tax Return. It is the official document businesses use to report the income...
Tax Glossary
What Is “Form 940”?
What Is Form 940? Form 940 is the federal tax return that employers use to report their annual Federal Unemployment...
Tax Glossary
What Is “ Form 8027 ”?
Form 8027 is an IRS information return used by “large food or beverage establishments” to report their annual gross receipts...
Tax Glossary
What Is “Form 1096”?
Form 1096, officially known as the Annual Summary and Transmittal of U.S. Information Returns, is a “cover sheet” used when...