Notes
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W-2, W-2G-gambling, 1099misc-cash, 1099R-retirement, 1099G-unemployed, 1099INT-interest, 1099DIV-dividends,stocks
Schedules:
Schedule A- Homeowners, Itemized deduction
Schedule B- Interest
Schedule C- Self-employed, Cash, form 1099misc
Schedule EZ- Self employed, Income only/no deductions
Schedule D- Dividends, stocks
Schedule E- rental income
Forms to report taxes
1040NR/Non-resident, 1040EZ/Simpleform, 1040A/Short form, 1040/Long form
Credits- Money that is refundable by the Government
Form 2441-Childcare Credit:
Individual / Institution
SSN/ITIN, Address, ph#, DOB / EIN address ph#
Form 8863-Education Credits:
American Opportunity Fund (4yrs)
Lifetime Opportunity Fund (after AOF^)
Form 8880-Retirement
Form 8812-Child Tax Credit:
Children under ages 17, 17 and over qualify as exemption
Form 8862-Earned Income Credit:
People w/ dependents, Over 25yrs w/o dependents
Deduction- Money that is non-refundable by the Government
Standard Deduction:
set by the Government, Different for each filing status, Changes every year
Itemized Deduction:
set by an individual, used for homeowners, schedule A, form 1098
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