How well do you know your IRS Tax Forms?
Has the post-tax season depression started settling in? Well turn that frown upside down, your a tax master and the off-season is the perfect time sharpen your skills. So let’s combine some fun & tax knowledge…Welcome to ExpressTaxFilings‘ Guess That Tax Form!
It’s a beautiful day here in Rock Hill, SC and you have been chosen to be the very first contestant of Guess That Tax Form, so come on down and test your tax knowledge.
Let’s go over the rules:
Every time you can name a Tax Form correctly without searching for the answer, time for a self-five because your awesome. If you get one wrong, listen for the imaginary buzzer going off in your head. Guess all tax forms correctly & …. find out at the end of the game.
Time to begin…say it one more time for kicks…”Guess That Tax Form!”
First Form: This form includes income from dividends including capital gains dividends and exempt-interest dividends over $10. It is a yearly tax statement provided to investors by banks and other financial institutions to report dividends and other distributions to taxpayers and to the IRS.
(insert Frozen theme..that’s right “Let it go”)
Time is up…can your Guess That Tax Form? Answer
Second Form: This form has a big job, it summarizes all information that is physically mailed to the IRS. This form accompanies Forms 1097,1098, 1099, 3921, 3922, 5498, or W-2G. This one is tough, here is a hint – you must send this form with each type of form just listed, as the transmittal document.
(insert Jeopardy theme)
Can you Guess That Tax Form? Answer
Third and Final Form for Round 1: You got this, imaginary audience let’s give our contestant a big round of applause. Listen to that roar of applause. Are you ready for the final question? This form is used to report wages paid to employees and the taxes withheld from them. Every employer engaged in a trade or business who pays remuneration for services performed by an employee, including non-cash payments of $600 or more for the year, must file this form for each employee. HINT: This form is due to employees on or before January 31st.
(insert Star Wars theme just because)
That was an easy one, I knew you could Guess That Tax Form. Answer
Congratulations, you made it through round 1 like a champ. For guessing every tax form correctly your win… Virtual High Five (Don’t leave me hangin) and claim to Guess That Tax Form Champion. Come back next week to defend your title!
