Hair Playhouse Extensions

Here's a list of common forms that clients may need for tax season, along with their meanings:

1Form W-2 (Wage and Tax Statement)**
- Provided by employers to report wages, tips, and other compensation, along with the taxes withheld during the year.

Form 1099-NEC (Nonemployee Compensation)**
- For independent contractors or self-employed individuals. Reports income earned, not from wages, salaries, or tips.

Form 1099-MISC (Miscellaneous Income)**
- Used to report various types of miscellaneous income such as rent, royalties, or prize winnings.

Form 1099-INT (Interest Income)**
- Reports interest income from banks or financial institutions.

Form 1099-DIV (Dividends and Distributions)**
- Reports dividends earned from stocks or mutual funds.

Form 1099-R (Distributions from Pensions, Annuities, Retirement, or Profit-Sharing Plans)**
- Reports distributions received from retirement accounts or pensions.

Form 1098 (Mortgage Interest Statement)**
- Reports the interest a homeowner paid on a mortgage loan, which may be deductible.

Form 1098-T (Tuition Statement)**
- Issued by educational institutions to report tuition payments and other education-related expenses for tax credit eligibility.

Form 1095-A (Health Insurance Marketplace Statement)
- Used by individuals who purchased health insurance through the Marketplace. Reports health coverage and any advance premium tax credits received.

Form 8889 (Health Savings Accounts - HSA)*
- Reports contributions to and distributions from health savings accounts (HSAs).

Form 2441 (Child and Dependent Care Expenses)
- Used to claim a tax credit for child or dependent care expenses.

Form 8862 (Earned Income Credit - EIC)**
- For individuals who were previously denied the Earned Income Credit and are now eligible to claim it again.

Form 1099-G (Certain Government Payments)
- Reports unemployment benefits or state tax refund

NEED HELP GETTING THESE FORMS ‼️
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