Form 8811 must be filed by REMICs and issuers of CDOs for the purpose of providing information, including the CUSIP number, and to publish the information in Pub. 938. Form …
Filing Self-Employment Income for Hair Stylists
As a self-employed hair stylist, it is crucial to understand the tax obligations, bookkeeping practices, and legal aspects that come with running your own business. This article provides a brief …
Form 4466: Corporation Application for Quick Refund of Overpayment of Estimated Tax
Corporations that overpaid their estimated taxes by at least 10% of the expected tax liability and $500 or more may be eligible for a quick refund by filing Form 4466 …
Form 4029: Application for Exemption From Social Security and Medicare Taxes and Waiver of Benefits
Form 4029 is an application for Social Security and Medicare tax exemption for members of recognized religious sects or divisions. The form must be completed and signed by the applicant …
Form SS-16: Certificate of Election of Coverage
The IRS Form SS-16 is a 4-page document used by employers, sole proprietors, corporations, partnerships, non-profit organizations, trusts, estates, and other entities to apply for an Employer Identification Number. It …
Form 8689: Allocation of Individual Income Tax to the U.S. Virgin Islands
If you are a U.S. citizen or resident alien and have income from sources in the U.S. Virgin Islands or from income effectively connected with the conduct of a trade …
Form 2350: Application for Extension of Time to File U.S. Income Tax Return
Form 2350 is a tool to help taxpayers request an extension of time to file a U.S. income tax return. It allows individuals who are unable to file their return …
Form 1122: Authorization and Consent of Subsidiary Corporation to be Included in a Consolidated Income Tax Return
Form 1122 is used to authorize a third party, such as a bank, accountant, or other financial institution, to receive tax information from the Internal Revenue Service (IRS). The form …
Form 8716: Election to Have a Tax Year Other Than a Required Tax Year
Learn about IRS Form 8716 – the required document to make an election to the Internal Revenue Service under Section 444. Find out when the document must be filed, how …
Form 8281: Information Return for Publicly Offered Original Issue Discount Instruments
This article explores the Internal Revenue Service’s (IRS) Form 8281, which is used to report information about certain charitable contributions of property with a value of $5,000 or more. It …
Form 8833: Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b)
Form 8833 is a valuable tool for US taxpayers to claim treaty benefits on income that is subject to US tax. With Form 8833, taxpayers can report treaty-based positions taken …
Form 8945: PTIN Supplemental Application For U.S. Citizens Without a Social Security Number Due To Conscientious Religious Objection
Form 8945 is used by members of certain religious groups to obtain a preparer tax identification number (PTIN) without providing a social security number (SSN), as required for all tax …
Form 1041-T: Allocation of Estimated Tax Payments to Beneficiaries
Form 1041-T allows fiduciaries of estates and trusts to make an irrevocable election to have any part of their estimated tax payments treated as made by the beneficiaries. This article …
Form 8997: Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments
Form 8997 is used by corporations and trusts that have elected to be taxed as a REIT under Internal Revenue Code section 856. It is used to report the initial …
Form 4972: Tax on Lump-Sum Distributions
Need help figuring out Form 4972 for filing your 2023 return? This article outlines how to calculate the taxable part of a lump-sum distribution when making the 20% capital gain …
Form 56-F: Notice Concerning Fiduciary Relationship of Financial Institution
Form 56-F must be filed with the IRS within 10 days of a receiver or conservator being appointed. It should be filed in every subsequent tax year if the fiduciary …
Form W-9S: Request for Student’s or Borrower’s Taxpayer Identification Number and Certification
Get the latest on Form W-9S with instructions from the IRS, and find out why your name and identifying number is needed by educational institutions and student loan lenders to …
Form W-4R: Withholding Certificate for Nonperiodic Payments and Eligible Rollover Distributions
Form W-4R is used to ensure the correct amount of federal income tax is withheld from nonperiodic payments or eligible rollover distributions from employer retirement plans, annuities, or IRAs. For …
Form 8958: Allocation of Tax Amounts Between Certain Individuals in Community Property States
Form 8958 is used to determine the allocation of tax amounts between married filing separate spouses and registered domestic partners due to community property rights. It is important to remember …
Form 8899: Notification of Income from Donated Intellectual Property
Form 8899 is a tax document used by tax-exempt organizations to report transactions, such as the sale, exchange, disposition, and transfer of assets like stocks, real estate, bonds, and investments …