Question

What are the two main types of tax forms a company provides to employees so the employees can fill out their 1040 tax form?

Answer 1

The company give their employee the W4 and 1099 forms

Answer 2

Answer:

The correct answers are: ''Form W-4'' and ''Form 1099''.

Explanation:

The U.S. Individual Income Tax Return, commonly known as Form 1040, is an Internal Revenue Service(IRS) tax whose main purpose is to calculates the total taxable taxpayer's income and then determinate how much of that amount needs to be refunded or paid by the U.S. government. Therefore to complete this form the employer needs to give to their employees two main tax forms, the W-4 and 1090.

The Form W-4 is also an IRS tax form whose principle focus is to indicate the correct amount of tax to withhold from the employee's paycheck according and stating in a clear way the current tax situation that the person is in.

And finally, the Form 1090 comprehends an IRS tax form whose main purpose is to report payments to independents contractors, rental property income and more. It is used to prepare and file an information return to report different kinds of income.