Schedule B

Schedule B is a tax form used to report income received from interest, dividends, and certain other investments. It's a way for taxpayers to detail earnings from bank accounts, stocks, bonds, or similar sources. This information helps the IRS verify income reported on a tax return and ensures accurate calculation of taxes owed. The form typically includes the source of the income, the amount earned, and any withholding taxes. Providing accurate Schedule B information is important for transparency and compliance with tax laws.