Federal tax filers in Puerto Rico must use Form 943A-PR to report their tax obligation when they are biweekly schedule depositors. This form must be included with Form 943-PR, 943-X …
Form 3903: Moving Expenses
As taxpayers continue to file their taxes, it is important to keep up-to-date with any changes to IRS forms like Form 3903. For the latest information related to the form …
Form 8288: U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests
Form 8288 is an important document used by withholding agents to report and pay over amounts withheld for certain dispositions and distributions of U.S. real property interests, transfers of partnership …
Form 8233: Exemption From Withholding on Compensation for Independent (and Certain Dependent) Personal Services of a Nonresident Alien Individual
Form 8233 is an IRS form used to claim income exemption from US tax based on tax treaties with another country. To properly complete the form, one must know the …
Form 1120-X: Amended U.S. Corporation Income Tax Return
Form 1120X allows corporations to adjust their returns by filing a claim for refund or election after the prescribed deadline, or to correct an originally filed return. It should not, …
Form 8815: Exclusion of Interest From Series EE and I U.S. Savings Bonds Issued After 1989
This article provides detailed information about form 8815, which can be used to determine the amount of any interest that can be excluded from the taxpayer’s income for cashing series …
Form 941-X: Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund
Learn the intricacies of IRS Form 941 and proper filing and correction procedures for COVID-19-related tax credits using Form 941-X, including when to file and what can be corrected. What …
Form 3922: Transfer of Stock Acquired Through An Employee Stock Purchase Plan Under Section 423(c)
Understand the tax implications of Employee Stock Purchase Plans (ESPPs), which offer a fringe benefit to employees the option to purchase a company’s stock at a discounted rate. ESPPs often …
Form 8832: Entity Classification Election
Have you been considering changing the tax status of your Limited Liability Company (LLC) to a corporation or an S corporation? Learn the process of filing IRS Form 8832 or …
Form 1128: Application to Adopt, Change or Retain a Tax Year
Understanding a business’s fiscal and tax year is important for filing taxes correctly. This article outlines how to determine a fiscal year, how a business fiscal year is different from …
Form 8822: Change of Address
With various methods to update a mailing address with the Internal Revenue Service (IRS) such as Form 8822, your tax return, by phone, in person, or by mail, it’s important …
Form 1116: Foreign Tax Credit (Individual, Estate, or Trust)
The foreign tax credit is a credit U.S. taxpayers can use to offset income taxes paid to a foreign government, preventing double taxation on income earned in both the U.S. …
Form 8822-B: Change of Address or Responsible Party – Business
With various methods to update a mailing address with the Internal Revenue Service (IRS) such as Form 8822, your tax return, by phone, in person, or by mail, it’s important …
Form W-3-C: Transmittal of Corrected Wage and Tax Statements
Learn how to correct errors on filed W-2 forms, how to get the forms you need, and the penalties imposed for incorrect information on those forms. What is Form W-3-C? …
Form 56: Notice Concerning Fiduciary Relationship
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 …
Form W-3: Transmittal of Wage and Tax Statements
IRS Form W-3 is an important summary transmittal tax form businesses must file with federal agencies along with annual wage and tax forms for employees. It compiles employee salaries and …
Form 5695: Residential Energy Credits
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 …
Form 1040-V: Payment Voucher
Struggling to pay off taxes owed to the IRS? Don’t worry – the IRS has options to help, from installment plans to offers in compromise. Find out how you can …
Form 4506-T-EZ: Short Form Request for Individual Tax Return Transcript
IRS Form 4506-T-EZ is used to gain access to financial records from the IRS, either for yourself or to send to a third party. It is often required when applying …
Form 8379: Injured Spouse Allocation
Have you lost your portion of a joint tax refund due to your spouse’s unpaid obligations? Learn how to apply for injured spouse allocation and get back your owed refund …