Tax Preparation Advice

by M.E. Hansen, All rights reserved. Do not duplicate without permission

Choose Your Tax Forms

W-2 forms are wage and tax statements you receive from your employer. You should receive a W-2 from every employer at the beginning of each year for income earned the previous year. If you do not receive a W-2 form by February 1, contact your employer. It is your responsibility to report all your earnings.

Banks, mutual funds and other investment firms provide 1099 forms that show dividends and interest earned over the course of the previous year. You might also receive a 1099 if you did work as an independent contractor. Interest and other income must be added to your total earnings. Again, you are responsible for reporting the earnings listed on all 1099.

Next Tax Preparation Page: Avoiding Errors, Sending your Tax Return