Enter Form 8835 to claim the renewable electricity production credit for qualified energy resources and qualified facilities eligible for the credit in the US or US territories. Recapture of the …
Form 5300: Application for Determination for Employee Benefit Plan
Form 5300 is used to request a Determination Letter from the IRS to check that a defined benefit or defined contribution plan, as well as any related trust, meets the …
Form 8801: Credit for Prior Year Minimum Tax – Individuals, Estates, and Trusts
Have you paid alternative minimum tax (AMT) in a prior year? If so, make sure to calculate your minimum tax credit with IRS Form 8801, which can help you figure …
Form 8804: Annual Return for Partnership Withholding Tax (Section 1446)
This article covers forms 8804, 8805 and 8813 which help pay and report US income tax for foreign partners based on their Effective Connected Taxable Income. It also explains how …
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 8283: Noncash Charitable Contributions
Counting on the IRS to help minimize taxes for charitable giving? Filing IRS Form 8283 can help individuals, corporations, and partnerships take advantage of tax deductions for noncash donations—but make …
Form 3468: Investment Credit
From motor vehicles to solar energy, businesses can save on costs while still taking advantage of tax credits and deductions for eco-friendly investments. Get the details here on how to …
Form 940: Employer’s Annual Federal Unemployment (FUTA) Tax Return
Employers must file IRS Form 940 if they paid $1,500 or more in wages to employees during a calendar quarter or had one or more employees for part of the …
Form 3520: Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts
In the U.S., gifts or inheritances from foreign estates, corporations, or partnerships can be subject to some special rules – including the need to file IRS Form 3520. Understanding the …
Form 656: Offer in Compromise
Struggling to pay off debt to the IRS? An IRS Offer in Compromise (Form 656) may provide citizens with the relief they need. Read on to learn more about the …
Form 1098-C: Contributions of Motor Vehicles, Boats, and Airplanes
IRS Form 1098 is used to report mortgage interest payments ($600 or more) to the IRS. It’s issued by mortgage lenders to homeowners, as well as businesses that have received …
Form 943: Employer’s Annual Federal Tax Return for Agricultural Employees
Learn how to complete Form 943, the Employer’s Annual Federal Tax Return for Agricultural Employees, including requirements for filing, step-by-step instructions, and payment methods. This form is due annually on …
Form 1098-T: Tuition Statement
Form 1098 is a document used by lenders and businesses to report mortgage interest payments of $600 or more to the IRS. It can also be used to report tuition …
Form 945: Annual Return of Withheld Federal Income Tax
Employers must file IRS Form 945 if they have withheld taxes from certain non-payroll payments, such as qualifying pensions, gambling profits, and military retirement and pay. Form 945 is used …
Form 2553: Election by a Small Business Corporation
Form 2553 is an election used to have a business entity recognized as an S corporation for tax purposes—from incorporating to filing—all within deadline or with “reasonable cause”. Learn more …
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 …