A shareholder who agrees to report a consent dividend as taxable income in the form of a dividend on their own tax return must complete Form 972 for the corporation …
Form 851: Affiliations Schedule
Companies with affiliated groups must adhere to filing requirements for Form 851. Such requirements include knowing the definition of an affiliated group, addressing corporate numbers, and providing information on Principal …
Form 6252: Installment Sale Income
Form 6252 is an Internal Revenue Service (IRS) document used to report income from the sale of real estate or other property when payments are received over time, rather than …
Form W-4S: Request for Federal Income Tax Withholding from Sick Pay
This article explains how to use Form W-4S to request to have federal income tax withheld from sick pay payments received from a third-party payer. Learn how to determine the …
Form 8396: Mortgage Interest Credit
For lower-income taxpayers seeking to become homeowners, they may be eligible for a tax credit available through Form 8396, which is used to claim a credit for a portion of …
Form 1363: Export Exemption Certificates
Filing Form 1363 with a carrier may help taxpayers suspend the liability of the 6.25% tax on transportation of property by air that begins and ends in the United States. …
Form 8288-B: Application for Withholding Certificate for Dispositions by Foreign Persons of U.S. Real Property Interests
Non-US sellers of US real estate are subject to a withholding tax at the time of sale, but the tax often exceeds the actual federal income tax owed by the …
Form 8848: Consent to Extend the Time to Assess the Branch Profits Tax Under Regulations Sections 1.884-2T(a) and (c)
Form 8848 must be filed on or before the due date of the corporation’s income tax return and attached to the return, and signed by an authorized person. Executing a …
Form 8827: Credit for Prior Year Minimum Tax – Corporations
Form 8827 allows employers to claim a credit for providing child care facilities and services to their employees. The credit is calculated based on the amount of qualified expenses paid …
Form 1040-ES: Estimated Tax for Individuals
Form 1040-ES is used to pay estimated tax for those with income not subject to withholding, such as self-employment earnings, rent, dividends, and alimony. It must be filed if you …
Form 11-C: Occupational Tax and Registration Return for Wagering
Form 11-C is an important form for individuals and businesses engaging in wagering activities, allowing them to register with the IRS and obtain an occupational tax number. It has several …
Form 8282: Donee Information Return (Sale, Exchange or Other Disposition of Donated Property)
Form 8282 reporting requirements provide accounting for donated property exceeding $5,000. This lead provides an introduction to filing requirements for donee organizations and outlines two exceptions where Form 8282 is …
Form 3949-A: Information Referral
Form 3949-A is an important document for reporting suspected violations of federal tax laws. It is used by individuals to report alleged tax law violations, including false exemptions or deductions, …
Form 1041-V: Payment Voucher
If you are the fiduciary of an estate or trust, you may have to use Form 1041-V when sending payments for the balance due on their 2022 taxes. It allows …
Form 6197: Gas Guzzler Tax
Anyone importing a gas guzzling automobile to the US may be liable for the gas guzzler tax. This guide outlines the requirements and procedures for filing and payment, including IRS …
Form 4835: Farm Rental Income and Expenses
IRS Form 4835 is a tax form used to report income and expenses for rental real estate, royalties, partnerships, S corporations, trusts, estates, and certain qualified joint ventures. It is …
Form 8838: Consent to Extend the Time to Assess Tax Under Section 367 – Gain Recognition Agreement
Form 8838 is an Internal Revenue Code document used for claiming qualified electric vehicle credits. It requires the taxpayer to provide information such as name, address, Social Security number, make …
Form 8888: Allocation of Refund (Including Savings Bond Purchases)
Form 8888 allows U.S. taxpayers to directly deposit their refund to two or three accounts at a bank or financial institution, or buy up to $5,000 in paper or electronic …
Form 8718: User Fee for Exempt Organization Determination Letter Request
Organizations applying for federal income tax exemption other than Form 1023, 1023-EZ, or 1024-A should file Form 8718 using the Internal Revenue Service’s mailing address. Paperwork Reduction Act Notice must …
Form 8811: Information Return for Real Estate Mortgage Investment Conduits (REMICs)and Issuers of Collateralized Debt Obligations
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 …