The IRS Form 1099-NEC is a tax form used to report nonemployee compensation paid to independent contractors, freelancers, and other self-employed individuals. The main purpose of the form is to provide the IRS with information about payments made to non-employees, which must be reported on their tax returns.
IRS Form 8396, Mortgage Interest Credit, is a form used by taxpayers to claim a credit for a portion of the mortgage interest paid on their home during the tax year. The main purpose of this form is to help homeowners reduce their federal income tax liability.
The form consists of two parts. Part I requires the taxpayer to provide basic information about themselves, their mortgage, and their home. Some of the important fields on this part include the taxpayer's name, social security number, and the amount of mortgage interest paid during the tax year.
Form 6251, Alternative Minimum Tax - Individuals, is a document used by individuals to determine whether they owe alternative minimum tax (AMT) in addition to their regular income tax. The form consists of two pages and requires certain information to be provided in order to complete it accurately.
IRS Form 8822-B is used by businesses and organizations to notify the Internal Revenue Service of a change in business mailing address, business location, or responsible party. This form applies to entities that have an Employer Identification Number (EIN).
The purpose of Form 8822-B is to keep IRS records current for entities with an EIN. It is used to report changes related to where a business receives mail, where it is physically located, or who is identified as the responsible party.
Form 4029, Application for Exemption From Social Security and Medicare Taxes and Waiver of Benefits, is a form used by ministers, members of religious orders, and Christian Science practitioners to request an exemption from paying Social Security and Medicare taxes, as well as to waive their entitlement to benefits under these programs.
IRS Form 2290 is the official federal tax return used to report and pay the Heavy Highway Vehicle Use Tax for certain heavy vehicles operated on public highways during the applicable tax period.
Form 2290 is used within the federal excise tax system to determine whether a heavy highway vehicle is subject to the Heavy Highway Vehicle Use Tax and to calculate the amount of tax due based on the vehicle’s taxable gross weight and period of highway use.
IRS Form 1099-MISC is a tax document used to report miscellaneous income earned by individuals or businesses. The purpose of this form is to report income that is not reported on a W-2 form, such as freelance work, contract work, and other types of income.
The form consists of several parts, including the payer's information, the recipient's information, and the income earned. The important fields to consider when writing this form include the recipient's name, address, and tax identification number, as well as the amount of income earned.
IRS Form 1120-S, U.S. Income Tax Return for an S Corporation is a tax form used by S corporations to report their income, gains, losses, deductions, credits, and other information to the Internal Revenue Service (IRS).
The main purpose of this form is to calculate and report the income tax liability of an S corporation. The form consists of several parts, including a summary of income and deductions, a balance sheet, and schedules for reporting specific types of income or deductions.
IRS Form 7203 is a form used by S corporation shareholders to calculate the limitations on their stock and debt basis. The primary purpose of this form is to determine the amount of losses and deductions that can be claimed on the shareholder's individual tax return.
IRS Form 8865 is a return used to report information about certain foreign partnerships in which U.S. persons are partners. The primary purpose of this form is to provide the IRS with information about the foreign partnership's income, deductions, and credits, as well as the U.S. person's share of these items.
