Tax documents are documents that are used to report an individual or business's income, expenses, and other financial information to a tax authority, such as the Internal Revenue Service (IRS) in the United States. Some examples of tax documents include:
|A summary of an individual or business's financial information, including income, expenses, and tax liability, that is submitted to a tax authority.
|A form that reports an individual's wages and salary, as well as the amount of taxes withheld from their pay.
|A form that reports income that is not salary or wages, such as income from freelance work or rental property.
|A form that reports mortgage interest paid by an individual.
|A form that reports health insurance coverage for an individual or their family.
|A form that reports the value-added tax (VAT) a business has charged and paid during a certain period of time.
|Corporate tax returns
|A form that reports a business's income, expenses, and tax liability.
|Payroll tax returns
|A form that reports the payroll taxes a business has withheld from its employees' pay and the taxes it has paid to the government.
|Receipts for business expenses
|Documentation of expenses a business has incurred, such as office supplies or travel expenses.
|A document that shows the goods or services a business has provided to a customer and the amount the customer owes for those goods or services.
Other tax documents may include receipts for charitable donations, records of business expenses, and documents showing the sale of property. It is important for individuals and businesses to accurately report their financial information on tax documents in order to pay the correct amount of taxes.