Category: Forms

For personal service corporations and closely held corporations, Form 8810 is used to figure the amount of passive activity loss or credit for the current tax year as well as …

This article covers Form 6765, which is used to figure and claim the credit for increasing research activities, to elected the reduced credit under section 280C, and to elect to …

In this article, we explore like-kind exchanges and special rules for capital gains invested in Qualified Opportunity Funds (QOFs). Discover the eligibility of certain government officials for a section 1031 …

Form 5405 is used to notify the IRS and figure the amount of the credit you must repay if you purchased a home in 2008 and met certain conditions in …

This article explains the recapture tax on the mortgage subsidy for federally subsidized home buyers who have sold or otherwise disposed of their home. It outlines who must file, when …

Form 4136 is used to claim several credits related to the use or sale of fuel, such as the biodiesel or renewable diesel mixture credit, the alternative fuel credit, and …

Individuals and entities looking to claim benefits under income tax treaties or VAT exemption must submit Form 8802 to the IRS to request Form 6166, a letter of U.S. residency …

Reporting corporations must file Form 5472 to provide required information for reportable transactions with foreign or domestic related parties—but exceptions may apply. What is Form 5472? Form 5472 is an …

Learn how to correctly file Form 6251 to calculate the alternative minimum tax (AMT) liability for taxpayers with higher economic incomes. Find out the latest on exemption amounts, tax brackets, …

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 …