Individual Taxes

Individual Taxes

Two types of individual tax returns are filed in the USA Geographies.

  • One is for permanent employees which are called W2 which is issued by the employer. In a W2 form, the taxes which are withheld from your pay are also shown this appears in a cumulative statement it is a statement of individual income tax in USA. It also shows your social security and medicare expenses which are paid by you and on behalf of the employer. This form is issued on or before january 31st of each year. This W2 form advises the IRS on how much income may be claimed and the total tax payments which have been made. We are the best place to file personal income tax online.
  • The other is form 1099 which is issued for contractors who have a self-employed payroll. When you earn $600 in non-employment income, you receive a 1099. However, many types of 1099s are issued for different income situations. Depending on income structure and mode of earning the basic criterion for 1099 is the $600 limit that the IRS follows for taxing income from citizens we offer tax planning for individuals and also individual tax services in USA.

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