What Does It Mean? A Guide To Common Tax Forms

Ferrone & Associates CPAsBlog

There are several tax forms issued by the IRS. It can be difficult to keep up with what’s what but don’t worry, in the table below you will find an overview of frequently used forms and what purpose they serve. 


  • IRA (Individual Retirement Account) 
  • HSA (Health Savings Account) 
  • MSA (Medical Savings Account) 
Form NumberForm Name & Purpose
W-2Wage and Tax Statement
1098Mortgage Interest Statement
1095-AHealth Insurance Marketplace Statement
1095-BHealth Coverage 
1095-CEmployer-Provided Health Insurance Offer and Coverage
1098-TTuition Statement 
1099-BProceeds from Broker and Barter Exchange Transactions
1099-GCertain Government Payments
1099-INTInterest Income
1099-MISCMiscellaneous Information
1099-NECNonemployee Compensation
1099-RDistributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts
1099-SADistributionsFrom an HSA,Archer MSA, orMedicare AdvantageMSA
SSA-1099Social Security Benefits Statement
5498-SAHSA, Archer MSA, orMedicare AdvantageMSA Information
5498-IRAIRA Contribution Information
Table 1.1 Tax Forms