Q:

What is a 1090 tax form?

A:

Quick Answer

For taxes in the United States, there is no Form 1090, according to the Internal Revenue Service. The federal income tax forms are 1040, 1040-A and 1040-EZ. Other forms for reporting non-wage income or expense include 1095, 1098 and 1099. The Canada Revenue Agency has a Form T1090, which is filed at the death of a RRIF annuitant, notes its official website.

Continue Reading

Full Answer

Form 1095, in A, B and C versions, is issued to taxpayers to show health insurance information. This form is first used on 2014 tax returns. Form 1098 is issued to report possible deductions: mortgage interest paid (no letter), the charitable contribution of a boat, plane or car (1098-C), student loan interest paid (1098-E) or tuition paid or billed (1098-T), according to the IRS.

The IRS website shows that Form 1099 reports a wide variety of income and some deductions: abandonment of secured property (1099-A), proceeds from broker transactions that are usually stock sold (1099-B), cancellation of debt (1099-C), dividends paid to shareholders (1099-DIV), government payments including state income tax refunds and unemployment (1099-G), Health Coverage Tax Credit advance payments (1099-H), interest paid to account holders (1099-INT), credit card transactions for businesses (1099-K), long-term care premiums paid (1099-LTC), original issue discount on bonds (1099-OID), taxable distributions from cooperatives (1099-PATR), distributions from qualified education accounts (1099-Q), distributions from retirement accounts (1099-R), sale of real estate (1099-S) and distributions from a health savings account (1099-SA).

The 1099-MISC is a catch-all form, issued to report rental income; royalties; fishing boat income; medical and health care payments to physicians; non-employee compensation; direct sales; crop insurance proceeds; payments to an attorney; excess golden parachute payments; and just in case something did not fit anywhere else, other income, notes the IRS.

Learn more about Taxes

Related Questions

  • Q:

    What is the deadline for filing IRS Form 1096?

    A:

    Although the deadline for filing IRS Form 1096 changes with each tax year, the deadline for filing the form for tax year 2015 is Feb. 29, 2016, according to the Internal Revenue Service. The IRS publishes the deadline for filing the form in each year’s iteration of instructions.

    Full Answer >
    Filed Under:
  • Q:

    How do you print a blank 1040EZ tax form?

    A:

    To print a blank 1040EZ tax form, go to the About Form 1040EZ page on the official website of the U.S. Internal Revenue Service, and click the link for the form to download as a printable PDF. Other sites that help users file their taxes, such as eFile.com, also provide printable PDFs of blank 1040EZ tax forms and offer additional information about filing the form.

    Full Answer >
    Filed Under:
  • Q:

    Which form do you need to file an amended tax return?

    A:

    Form 1040X, Amended U.S. Individual Income Tax Return, is the form taxpayers need when filing an amended tax return, explains the Internal Revenue Service. The form is available online at IRS.gov.

    Full Answer >
    Filed Under:
  • Q:

    What is a 1099-G tax form?

    A:

    Form 1099-G is the tax form for certain payments by federal, state or local governments, including unemployment compensation, agricultural payments and taxable grants, according to the Internal Revenue Service. Governments file a 1099-G if they paid state or local income tax offsets, credits, refunds or reemployment trade adjustment assistance payments.

    Full Answer >
    Filed Under:

Explore