An in-depth overview of Form 1120S, including its purpose, usage, and key components for S-corporations, a type of pass-through entity.
A comprehensive guide to the differences between IRS Form 2106 and Form 2106-EZ, their uses, and how to file them for tax deductions.
Form 4868 is used by taxpayers to obtain an automatic extension of time to file their U.S. individual income tax return. This form enables taxpayers to extend the filing deadline from the usual date, generally in mid-April, to mid-October.
Form 7004 is used by businesses to request an automatic extension of time to file specific types of business income tax, information, and other returns.
Comprehensive guide on IRS Form 8582 used to report passive activity losses, including historical context, importance, applicability, and detailed explanations.
Learn about IRS Form 8821, which authorizes a representative to receive confidential tax information without granting the power to represent the taxpayer before the IRS.
Form 8962 is utilized to reconcile the Advanced Premium Tax Credit (APTC) with the Premium Tax Credit (PTC) when filing federal tax returns. It ensures that the credit received in advance is accurately compared to the actual premium tax credit the filer is eligible for.
IRS Form 1116 is used by U.S. taxpayers to calculate and claim the Foreign Tax Credit for income taxes paid or accrued to foreign countries or U.S. possessions.
Schedule SE (Form 1040) is a form used by self-employed individuals to calculate the self-employment tax due on their net earnings.
An extension of time for filing provides an additional period during which a tax return may be filed without penalty. For instance, U.S. taxpayers can obtain an automatic six-month extension for individual tax returns by submitting Form 4868 by April 15.
An in-depth look into Form 1040EZ — its purpose, adoption, and the reasons behind its discontinuation by the IRS.
A detailed guide on Form 1045, the IRS form for claiming a quick refund for business losses. Learn who can file it, how to file it, and detailed examples and special considerations.
A comprehensive guide to Form 1095-B, its role in documenting health coverage under the Affordable Care Act, and its importance for U.S. taxpayers.
Guide to IRS Form 2439, which informs shareholders about undistributed long-term capital gains and the taxes paid on their behalf by mutual funds.
Comprehensive guide on filing IRS Form 843 to claim a refund or request abatement of taxes, interest, or penalties applied in error.
Comprehensive guide to understanding Form W-2, its purpose in reporting annual wages and taxes withheld, and its importance in tax filing.
