Tax season is officially in full swing. The Internal Revenue Service (IRS) began accepting paper and electronically filed returns on Tuesday, January 19, 2016; the due date for tax returns is Monday, April 18, 2016 (not April 15, 2016, as in years past since there’s a holiday).
By now, you should have received most of your forms. If you’re still looking for yours, here’s a list of due dates for forms – along with information about what to do if yours are late.
Figuring out what’s on your tax forms – and how to report that information on your tax return – can be daunting. Follows is a quick primer for tax forms you might expect to receive in 2016:
- Understanding Your Tax Forms 2016: 1098, Mortgage Interest Statement
- Understanding Your Tax Forms 2016: 1099-A, Acquisition or Abandonment of Secured Property
- Understanding Your Tax Forms 2016: 1099-C, Cancellation Of Debt
- Understanding Your Tax Forms 2016: 1099-INT, Interest Income
- Understanding Your Tax Forms 2016: 1099-DIV, Dividends And Distributions
- Understanding Your Tax Forms 2016: 1099-K, Payment Card and Third Party Network Transactions
- What To Do With New ObamaCare Forms 1095-B, 1095-C For 2016 Tax Filing Season
Source: Understanding Your Tax Forms 2016 – Forbes
read more at forbes.com
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