Category: Forms

U.S. persons with officer, director, or shareholder roles in certain foreign corporations are required to file the Form 5471 and related schedules to satisfy internal revenue service requirements. What is …

Form 8898 is used by US taxpayers to notify the IRS when they have become or stopped being a bona fide resident of a US possession according to Section 937(c). …

IRS has expanded the exception to the 10% additional tax for early distributions of certain retirement accounts, including for qualified public safety employees, correctional officers, and those with terminal illnesses. …

With the repeal of the American Jobs Creation Act of 2004, taxpayers may still claim an ETI exclusion for certain transactions under a binding contract before 2005. This article provides …

With Form 5330, individuals and employers are responsible for reporting certain excise taxes, such as the tax-exempt entity’s involvement in a prohibited tax shelter transaction, the employer’s failure to meet …

Form 8889 is used to report Health Savings Account (HSA) contributions, figure out tax deductions, report distributions, and figure out income you must include and additional tax you may owe …

This article introduces the various plan documents required by the IRS when completing applications for Retirement Determination Letters, such as Form 5307 or Form 5300, depending on the type of …

This article discusses the requirements for an employer to qualify for the employer credit for paid family and medical leave, including what constitutes a qualifying employee, written policy documentary requirements, …

This article covers the rules and qualifications for claiming the credit for small employer pension plan startup costs, as outlined in sections 45E and 45T. Eligible small employers may be …

Trustees of Alaska Native Settlement Trusts (ANSTs) need to file Form 1041-N to elect special income tax treatment for the trust and its beneficiaries in the first tax year. The …

Form 8991 is used to determine an applicable taxpayer’s base erosion minimum tax amount based on their base erosion percentage, modified taxable income, and regular tax liability. Taxpayers must consider …

Married people who live in community property states can be held liable for tax attributable to an item of community income if they file a joint return – but now …

This article covers information about when to file Form 5316 with the IRS in order to request a determination letter proving that a trust is a group trust arrangement that …

Taxpayers (individuals, partnerships, corporations, etc.) must file Form 8990 to calculate the deductible business interest expenses and carry forward any disallowed expenses to the next tax year. Exclusions from filing …

U.S. persons that own foreign disregarded entities (FDEs) and/or operate foreign branches (FBs) must file Form 8858 to satisfy the reporting requirements of various U.S. tax laws. This article overviews …

This article explains the purpose of Form 5310 and who may and may not use it to request an IRS determination of the qualified status of a pension, profit-sharing, or …

Domestic corporations and individual shareholders of controlled foreign corporations making a section 962 election must use Form 8993 to determine the deduction under section 250 of the Tax Cuts and …

Form 8850 is used by employers to pre-screen and request certification of individuals as a member of a targeted group for the purpose of qualifying for the work opportunity credit. …

Form 1023-EZ is the streamlined version of Form 1023, allowing certain organizations to apply for recognition of federal tax exemption under Section 501(c)(3). This article breaks down who is eligible …

Use Form 8829 when filing your taxes to determine the full extent of the allowable expenses for business use of your home, and any carryover to the next tax year. …