It’s easy to feel overwhelmed by tax documents because there are so many complex instructions, and some forms change from year to year. Contact Real Tax USA to help you navigate through the intricate maze of forms. They will complete and file the 2021 forms for you.
Form W-2G is used to report any income earned from gambling. Income from gambling is subject to federal and state income tax. The W-2G is issued by the provider of the winnings and issued to the taxpayer.
Form 1098 is issued by lenders to report any interest, points, or mortgage insurance premiums of $600. This form is needed for taxpayers who take the standard deduction in order to lower tax liability.