Thursday, July 13, 2017

Tax Forms W-4, W-2, IRS-990 Online

How to Fill W-4, W-2, IRS-990 Forms Online

In order to report financial information to tax authorities, both individuals and organizations have to prepare various tax forms. We offer you to put aside all the paperwork and complete the needed tax forms online in order to save your time and facilitate the process of document filing.

How to prepare tax forms online?

Preparing documents online is a great benefit for the individuals and legal entities, because it is much easier. The only thing you need is to meet the specified requirements and to provide all the requested details. Here you may find the instruction which will help you to prepare each form online correctly.

W-4 form

This form is used for preparing an Employee's Withholding Allowance Certificate. Here an employee has to provide details about income earned so that an employer can calculate the correct tax amount to be deducted from his/her payment. On this source you may find w-4 form sample that can be easily prepared online. Refer to the list of required information below in order to have a form accepted and processed:
  • employee`s personal details (full name, address, marital status, social security number etc.); 
  • total number of allowances he/she is claiming; 
  • additional amount to be withheld (if any); 
  • calculation of deductions and adjustments; 
  • employee`s signature; 
  • date of preparing a form.

W-2 form

W-2 form is intended for preparing Wage and Tax Statement. It is usually filled out by an employer in order to provide detailed information about the amount of money he/she paid to an employee and amount of taxes deducted from an employer`s payment. In order to prepare a form online, choose a blank w-2 form sample on this website and just insert the requested details. The document has to include the following:
  • an employee`s name, address and SSN; 
  • an employer`s name, address and ID number; 
  • the amount of wages, tips and other compensation; 
  • the amount of federal and social security taxes withheld; 
  • medicare tax withheld; 
  • the amount of state wages, tips and tax. 
 Later this form may be used for preparing other tax forms.

IRS-990 form

This form, Return of Organization Exempt from Income Tax is used by nonprofit organizations in order to report financial information to the IRS. On this source you may find a fillable irs-990 form that can be completed and submitted online to the recipient. Follow the list of required details and fill out the form correctly:
  • specify a name of organization and describe its activities; 
  • summarize the organization`s financial activities for certain fiscal period; 
  • state the program service accomplishments; 
  • provide details regarding other IRS filings and tax compliance; 
  • specify the amount of compensation of organization`s members (officers, directors, employees etc.); 
  • provide the amount of revenue and expenses; 
  • give financial statements and reporting for certain period. 
After the tax forms are completed, check if all details given are true and correct. Remember that documents submitted online are going to be accepted and processed much more quickly than their hard copies.