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Tax Glossary
What Is “Form 1099”?
What Is “Form 1099”? Form 1099 is an “information return” used to report non-wage income to the IRS. It serves...
Tax Glossary
What Is “Form 1098-T”?
What Is “Form 1098-T”? Form 1098-T, also known as the Tuition Statement, is an annual tax document issued by colleges...
Tax Glossary
What Is “Form 1098”?
What Is “Form 1098”? Form 1098, also known as the Mortgage Interest Statement, is an IRS form used by lenders...
Tax Glossary
What Is “Form 1095-C”?
What Is “Form 1095-C”? Form 1095-C is an annual statement provided by large employers to their full-time employees to report...
Tax Glossary
What Is “Form 1095-B”?
What Is “Form 1095-B”? Form 1095-B, officially titled “Health Coverage,” is a tax document that proves you and your family...
Tax Glossary
What Is “Form 1095-A”?
What Is “Form 1095-A”? Form 1095-A, also known as the “Health Insurance Marketplace Statement,” is an IRS document sent to...
Tax Glossary
What Is “Form 1040-X”?
What Is “Form 1040-X”? Form 1040-X is the official IRS form used to “amend” or fix an individual income tax...
Tax Glossary
What Is “Form 1040-SR”?
What Is “Form 1040-SR”? Form 1040-SR is a specialized version of the standard U.S. individual income tax return designed specifically...
Tax Glossary
What Is “Form 1040”?
What Is “Form 1040”? Form 1040 is the official IRS document that U.S. taxpayers use to file their annual income...
Tax Glossary
What Is “Foreign Tax Credit”?
What Is Foreign Tax Credit? The Foreign Tax Credit (FTC) is a non-refundable tax credit designed to prevent U.S. taxpayers...