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 …
Form 8949: Sales and Other Dispositions of Capital Assets
Form 8949 is used to report sales and exchanges of capital assets, and to reconcile amounts reported to the IRS on Forms 1099-B or 1099-S (or substitute statements). It is …
Form 1120-RIC: U.S. Income Tax Return for Regulated Investment Companies
Regulated Investment Companies (RICs) must fill out Form 1120-RIC to report their income, gains, losses, deductions, and credits to determine their income tax liability. What is Form 1120-RIC? Form 1120-RIC, …
Form CT-1: Employer’s Annual Railroad Retirement Tax Return
This article provides detailed instructions on Form CT-1, which is used to report taxes imposed by the Railroad Retirement Tax Act (RRTA). It explains who must file Form CT-1, how …
Form 8940: Request for Miscellaneous Determination
Organizations seeking a miscellaneous determination from the IRS must file Form 8940, which includes providing information about the organization’s past, present, and planned activities, and attaching documents such as a …
Form 965-A: Individual Report of Net 965 Tax Liability
This article provides an overview of Form 965-A, detailing the purpose of the form, definitions associated with it, who must file it, and when and where it is to be …
Form 7004: Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns
Form 7004 is used to request an automatic extension of time to file certain business income tax, information, and other returns. Properly filing Form 7004 will give you the maximum …
Form 8941: Credit for Small Employer Health Insurance Premiums
This article will discuss the Form 8941, used by eligible small employers to figure the credit for small employer health insurance premiums. It will also cover the requirements for eligibility, …
Form 940-PR: Employer’s Annual Federal Unemployment (FUTA) Tax Return (Puerto Rican Version)
Filing Form 940-PR is necessary for employers to report their contribution to the Federal Unemployment Tax Act (FUTA). Most employers have to pay both federal & state unemployment contributions, but …
Form 8582-CR: Passive Activity Credit Limitations
Lead: Form 8582-CR is used to figure the amount of any passive activity credit, as well as to make the election to increase the basis of credit property, for noncorporate …
Form 8910: Alternative Motor Vehicle Credit
Use Form 8910 to figure your credit for alternative motor vehicles placed in service during your tax year, which is treated as either a general business or personal credit. Partnerships …
Form 990-EZ: Short Form Return of Organization Exempt from Income Tax
Form 990-EZ is an annual information return required by the IRS from many organizations exempt from income tax and certain political organizations. The form requires reporting on exempt activities, finances, …
Form 965: Inclusion of Deferred Foreign Income Upon Transition to Participation Exemption System
U.S. persons required to report their section 965(a) inclusions, section 965(c) deductions, and applicable percentage for disallowance of foreign taxes for their 2020 tax year must complete Form 965 and, …
Form 8911: Alternative Fuel Vehicle Refueling Property Credit
Form 8911 is used by taxpayers to claim credits for the purchase of alternative fuel vehicle refueling property, either as a general business credit or personal credit. Depending on the …
Form 941-PR: Employer’s Quarterly Federal Tax Return (Puerto Rican Version)
Form 940-PR is used to report an employer’s contribution to the Federal Unemployment Tax Act (FUTA). Most employers pay both state and federal unemployment contributions, and must file the form …