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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 …

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 …

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 …

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 …

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. …

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 …

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 …

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 …

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 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 …

Form 6478 (Rev. January 2020) can be used to figure your section 40 biofuel producer credit for tax years beginning after 2017. Qualified second generation biofuel production includes liquid fuel …

For tax purposes, the IRS uses Form 5227 for split-interest trusts to report financial activities, charitable deductions, distributions, and to determine if the trust is treated as a private foundation …

Form 8864 (Rev. January 2023) is used to claim the section 40A biodiesel and renewable diesel fuels credit or the section 40B sustainable aviation fuel credit. Partnerships, S corporations, cooperatives, …

If you are looking to claim the EIC, CTC, RCTC, ACTC, ODC, or AOTC on your tax return, you must complete Form 8862 and attach it to your return to …

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. …

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 …

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 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 …

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 …

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 …