Employers who paid premiums for health insurance coverage for their employees must complete and sign Form 8882 in order to receive a credit and report any recapture of the credit. …
Form 4137: Social Security and Medicare Tax On Unreported Tip Income
With service jobs often paying hourly, tax time can be a daunting challenge for employees. In order to pay your Social Security and Medicare taxes on tip income, you may …
Form 1125-A: Cost of Goods Sold
Form 1125-A is an important piece of paperwork for corporations filing their taxes. It provides details about the cost of goods sold and inventory, and is necessary for the accurate …
Form 8880: Credit for Qualified Retirement Savings Contributions
Form 8880 is used to claim the Retirement Savings Contributions Credit, which can be up to $2,000 for eligible taxpayers who make contributions to a qualified retirement plan or IRA. …
Form 2439: Notice to Shareholder of Undistributed Long-Term Capital Gains
Form 2439 is used to report the amount of undistributed capital gains from a variety of assets, such as stocks, bonds, real estate, and business interests, which have not been …
Form 8874-A: Notice of Qualified Equity Investment for New Markets Credit
An IRS Form 8874, New Markets Credit, is used by Community Development Entities (CDEs) to provide notice to taxpayers who invest in the CDE, entitling them to the new markets …
Form 8905: Certification of Intent to Adopt a Pre-Approved Plan
Form 8905 is used by an adopter of an individually designed or pre-approved plan to request that their 5-year remedial amendment cycle be converted to the 6-year cycle, as described …
Form 8717-A: User Fee for Employee Plan Opinion Letter Request
Filing taxes as a tax-exempt organization can be complicated, but IRS Form 8717 can help. It allows organizations to request up to six months of extra time to file their …
Form 5768: Election/Revocation of Election By an Eligible Section 501(c)(3) Organization to Make Expenditures To Influence Legislation
Organizations exempt under section 501(c)(3) of the Internal Revenue Code can elect to make limited expenditures which can influence legislation, with certain restrictions. Organizations must report their actual and allowed …
Form 1041-QFT: U.S. Income Tax Return for Qualified Funeral Trusts
Find out what you need to know in order to properly file Form 1041-QFT to the IRS, including due dates, mailing addresses, who must sign, interest and penalty forms, and …
Form 4876-A: Election to Be Treated as an Interest Charge DISC
This article explains the necessary steps a corporation must take to make an election to be treated as an Interest Charge Domestic International Sales Corporation (IC-DISC). It describes the eligibility …
Form 8874: New Markets Credit
Investors looking for information about claiming the New Markets Credit for qualified investments in qualified Community Development Entities (CDEs) can find important details with Form 8874. This form outlines the …
Form 4970: Tax on Accumulation Distribution of Trusts
Beneficiaries who received an accumulation distribution from certain domestic trusts created before March 1, 1984, must file Form 4970 to compute any additional tax liability. Foreign trust beneficiaries must use …
Form 8288-C: Statement of Withholding Under Section 1446(f)(4) on Dispositions by Foreign Persons of Partnership Interests
The Form 8288-C is an IRS form used to report the transfer of a U.S. real property interest by a foreign person, and to calculate and report the withholding tax …
Form 1042-T: Annual Summary and Transmittal of Forms 1042-S
Form 1042-T is used to report U.S. source income payments made to foreign persons, such as wages, salaries, fees, commissions, interest, dividends, royalties, and scholarships or fellowship grants. It is …
Form 4461: Application for Approval of Standardized or Nonstandardized Pre-Approved Defined Contribution Plans
Filing for an IRS pre-approved plan requires Form 4461, which must be accompanied by a user fee and a power of attorney if necessary. Learn more about IRS pre-approved plans …
Form 1138: Extension of Time For Payment of Taxes By a Corporation Expecting a Net Operating Loss Carryback
Corporations expecting a Net Operating Loss (NOL) carryback can reduce the amount due for the prior year’s tax with Form 1138: an Extension of Time for Payment of Taxes. This …
Form 8923: Mine Rescue Team Training Credit
Form 8923 allows taxpayers who employ miners in U.S. underground mines to claim a credit of 20% of the training program costs paid or incurred for training of qualified mine …
Form 2032: Contract Coverage Under Title II of the Social Security Act
Form 2032 is an application for Contract Coverage Under the Federal Employees’ Compensation Act (FECA) and allows American employers to extend Social Security coverage to U.S. citizens and resident aliens …
Form 5213: Election to Postpone Determination As To Whether the Presumption Applies That an Activity is Engaged in for Profit
Individuals, estates, trusts, partnerships, and S corporations can use Form 5213 to elect to postpone a determination as to whether they are engaged in an activity for profit and obtain …