Content applies to tax documentation in the United States

What you will learn

Discuss some common tax documentation in the United States

Explain tax forms W2, 1099, 1040 and schedule C

Discuss some common forms that are used to file taxes

Discuss some basic differences between employer and contractor

Description

This course will introduce students to some common tax documentation used in the United States. It is important to know these forms and concepts as everyone will have to file taxes at some point.

Common tax documentation includes W2 statements, 1099 statements, Schedule C statements and 1040 Statements. As part of today’s course we will discuss what these forms are used for and how they may apply to you.

For e.g. if you are employed by a grocery store and earn income, you will receive a W2 at the end of the year summarizing all the money you earned and all the taxes your employer withheld from your paycheck. When it is time to file taxes, you will use the W2 form to enter information on the 1040 income tax document.

I hope you gain some new knowledge from today’s course and I wish you nothing but success in your financial endeavors. Thanks for taking this course. Feel free to share with others and I welcome feedback as it helps me improve my courses.

Video Credits:

Music By: Twins Music – Brave


Get Instant Notification of New Courses on our Telegram channel.


Music by Bensound

License code: R4IOBQJIJ8SLQEAD

Royalty Free images by Fauxels – Photo Of People Holding Each Other’s Hands

Legal disclaimer

The contents of this course provide general financial information. It is not legal advice or regulatory guidance. It is intended to provide basic financial concepts to help further financial education. You should always consult a lawyer or accountant for personal matters relating to finances

English
language

Content

Introduction

Course Outline & Objectives

W2 Tax Form

What is a W2 Tax Form
W2 Tax Form Review

1099 Tax Form

What is a 1099 Tax Form
1099 Tax Form Review

1040 Personal Tax Form

What is a 1040 Personal Tax Form
1040 Tax Form Review

Schedule C Tax Form

What is a Schedule C Tax Form
Schedule C Tax Form Review

Course Recap & Additional Content

Course Recap
Additional Content: Schedule E Tax Form