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 …
Form 5316: Application for Group or Pooled Trust Ruling
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 …
Form 8990: Limitation on Business Interest Expense Under Section 163(j)
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 …
Form 8858: Information Return of U.S. Persons With Respect to Foreign Disregarded Entities (FDEs) and Foreign Branches (FBs)
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 …
Form 5310: Application for Determination Upon Termination (Info Copy Only)
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 …
Form 8993: Section 250 Deduction for Foreign Derived Intangible Income (FDII) and Global Intangible Low-Taxed Income (GILTI)
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: Pre-Screening Notice and Certification Request for the Work Opportunity Credit
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: Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code
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 …
Form 945-A: Annual Record of Federal Tax Liability
With the help of Form 945-A, employers can report their federal tax liability based on the following tax returns: Forms 945 and 945-X, Forms CT-1 and CT-1 X, or Forms …
Form 6069: Return of Excise Tax on Excess Contributions to Black Lung Benefit Trust Under Section 4953 and Computation of Section 192 Deduction
With the Black Lung Benefits Revenue Act of 1977, those responsible for black lung benefit trusts and coal mine operators must file Form 6069 by the 15th day of the …
Form 945-X: Adjusted Annual Return of Withheld Federal Income Tax or Claim for Refund
This article outlines the requirements for correcting administrative errors on a previously filed Form 945, including when to use the adjustment or claim processes, the applicable deadline, and filing instructions. …
Form 8959: Additional Medicare Tax
Form 8959 is used to figure the amount of Additional Medicare Tax owed with any of the six specified returns, which applies to wages, Railroad Retirement Tax Act (RRTA) compensation, …
Form 944-X: Adjusted Employer’s Annual Federal Tax Return or Claim for Refund
When you discover an error on a previously filed Form 944, use Form 944-X to make corrections on wages, tips, other compensation, tax withheld, tax credits and to request a …
Form 8957: Foreign Account Tax Compliance Act (FATCA) Registration
This article outlines the instructions for registering as a Financial Institution under FATCA, including the FI’s jurisdiction of residence for tax purposes, FATCA classification, mailing address, and information on designating …
Form W-8 EXP: Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding and Reporting
As of January 2017, IRS has updated instructions for Form W-8EXP, regarding foreign Taxpayer Identification Numbers (TINs) and use of electronic signatures. What is Form W-8 EXP? Form W-8EXP is …
Form 8966: FATCA Report
Form 8966 is required to be filed for the 2022 calendar year by March 31, 2023. The filing requirement applies to a variety of entities such as PFFIs, U.S. branches, …
Form 943-PR: Employer’s Annual Tax Return for Agricultural Employees (Puerto Rican Version)
For employers with domestic employees, agricultural workers, and/or H-2A visa holders working in Puerto Rico, Form 943-PR, Employer’s Annual Federal Tax Return for Agricultural Employees, must be filed with the …
Form 8960: Net Investment Income Tax Individuals, Estates, and Trusts
For U.S. citizens and residents, filing Form 8960 is necessary if their modified adjusted gross income (MAGI) exceeds a certain threshold, in order to determine their Net Investment Income Tax …
Form 8027: Employer’s Annual Information Return of Tip Income and Allocated Tips
Employers who operate a large food or beverage establishment must file Form 8027 to report annual receipts and tips from customers, as well as allocated tips for tipped employees. This …
Form 8938: Statement of Specified Foreign Financial Assets
Form 8938 is the form you will have to complete to report specified foreign financial assets, if you are a specified individual or a specified domestic entity. It requires you …