Forms and due dates

Question 1

Form 8332

Answer 1

Allows the non-custodial parent claim the child as a dependent for the Child Tax Credit or Additional Child Tax Credit ONLY
file with tax return

Question 2

When is form 1040 due?

Answer 2

4/15

Question 3

What is Schedule C and when is it due?

Answer 3

Self -employment file with 1040

Question 4

Form 1040 ES and due dates

Answer 4

Estimated Payments
~April 15
~June 15
~Sept 15
~January 15

Question 5

Forms 941 or 944 and due dates?

Answer 5

Social security and medicare taxes and income tax withholdings: April 30/July30/Oct31/Jan31

Question 6

W2 and due date

Answer 6

Wages and Tax Statement: January 31st (to employee)

Question 7

W3 and due date

Answer 7

Same as W2 sent to Social Security Admin: January 31

Question 8

Form 940 and due dates

Answer 8

FUTA - federal unemployment tax paid by employers
Jan 31st
April 30/July30/Oct 31/Jan31 but only if the liability for unpaid tax is more than $500

Question 9

W2-G

Answer 9

gambling winnings

Question 10

Form 1099-B

Answer 10

Proceeds from Brokerage or Barter exchange transactions

Question 11

Form 1099-C

Answer 11

Cancellation of Debt

Question 12

Form 1099-Div

Answer 12

Dividend and Distributions

Question 13

Form 1099-G

Answer 13

Certain Government Payments (unemployment)

Question 14

1099-INT

Answer 14

interest income

Question 15

1099-K

Answer 15

Payment Card and Third Party Network Transactions

Question 16

1099-MISC

Answer 16

Miscellaneous Income

Question 17

1099-OID

Answer 17

Original Issue Discount

Question 18

1099-PATR

Answer 18

Taxable distributions recieved from Cooperatives

Question 19

1099-Q

Answer 19

Payments for Qualified Education Programs (Sections 529 or 530)

Question 20

1099-R

Answer 20

Distributions from Pensions, Annuities, Retirement or Profit Sharing Plans, IRAs, Insurance Contracts, etc

Question 21

1099-S

Answer 21

Proceeds from Real Estate Transaction

Question 22

1099-SA

Answer 22

Distribution from HSA, Archer MSA, or Medicare Advantage MSA

Question 23

Form 4868

Answer 23

Filing for an extension

Question 24

Form 1040X

Answer 24

Amended return

Question 25

Form 8814

Answer 25

Allows parents to report a dependent child’s interest, dividends or capital gains distributions on the parents return.

Question 26

Form 8615

Answer 26

Calculates the Kiddie Tax that will go on the dependent child’s return

Question 27

FinCen Form 114

Answer 27

FBAR to report income from foreign financial accounts to Financial Crimes Enforcement Network

Question 28

Form 2120

Answer 28

Multiple Support Declaration

Question 29

Form 3520

Answer 29

US citizen Income from Foreign trusts and gifts foreign persons

Question 30

Form 5471

Answer 30

US tax form for US citizens who are officers, directors and shareholders in foreign corporations

Question 31

Form 8379

Answer 31

Injured spouse allocation

Question 32

Form 8939

Answer 32

Statement of Specified Foreign Financial Assets: Report foreign financial assets > $50,000 on last day of tax year or $75,000 any day of tax year