Author: Alan

Reduce your utility bills and lower your tax obligation with federal tax credit Form 5695 – “Residential Energy Credits”. Learn more about which energy efficiency upgrades qualify, how to claim …

From the time of death to the end of a fiduciary relationship, IRS Form 56 must be filed to notify the IRS of changes and to list a fiduciary as …

IRS Form 8821, Tax Information Authorization, is a single page document used to grant permission for any type of tax filing for any given year to a person or company, …

Failing to pay estimated taxes to the IRS correctly can result in penalties – but what if you can’t afford them? Find out how IRS Form 2210, Abatement Services, and …

For small business owners who pay less than $1,000 in payroll taxes annually, understanding IRS Form 944 could be the key to simplifying the process and saving money. Learn more …

Understand your responsibilities as an independent contractor or freelancer when filling out the IRS Form W-9. From what type of information is requested to red flags to watch out for, …

Applying for an Individual Taxpayer Identification Number (ITIN) can be necessary for non-U.S. citizens or unauthorized residents who can’t otherwise get a Social Security Number. Learn more about the process, …

W-8 forms are IRS forms used by foreign individuals or businesses to reduce or exempt their tax withholdings on income from U.S. sources. Different forms are required for various circumstances, …

For foreign individuals and entities that receive income in the U.S., W-8 forms are IRS forms used to verify their country of residence for tax purposes, and to claim exempt …

For foreign individuals and entities that receive income in the U.S., W-8 forms are IRS forms used to verify their country of residence for tax purposes, and to claim exempt …

Taxpayers who need more time to file a federal income tax return can use Form 4868 to get a 6-month extension – however, it does not extend the time to …

Every business entity needs an employer identification number (EIN) to operate and keep personal finances separate from business ones. The EIN is issued by the IRS for free and can …

Form 1098 is an IRS form that shows how much interest you have paid in one year on a qualified home mortgage. It can be used to figure out a …

Form 4952: Investment Interest Expense Deduction is a tax form used by the IRS to determine the amount of investment interest expense that can be deducted and any interest expense …

Form 4684 is an IRS form used to report losses from casualties and thefts that may be deductible for taxpayers who itemize deductions, such as disasters and thefts resulting from …

Gambling winnings must be reported as income to the IRS, and Form W-2G is the document that gambling establishments send to customers who had winnings during the prior year. This …

Form 4797 is a tax form issued by the IRS and used to report financial gains made from the sale or exchange of business property, including property used to generate …

Form 1095-C: Employer-Provided Health Insurance Offer and Coverage is an IRS tax form used to report information about an employee’s health coverage offered by an Applicable Large Employer (ALE). It’s …

Form 1095-B is an IRS document that shows taxpayers, their spouses, and dependents if covered, information about their health care coverage under the Affordable Care Act (ACA). Its purpose is …

Form 4562: Depreciation and Amortization is an Internal Revenue Service (IRS) form used to claim deductions for the depreciation or amortization of an asset, expense certain property, and more. Anyone …