IRS Form 8379, also known as the Injured Spouse Allocation, is used by taxpayers who file a joint tax return with their spouse but have had their portion of the refund withheld to pay their spouse's past-due debts. The main purpose of this form is to claim a portion of the joint tax refund that was offset (withheld) to pay the other spouse's debts.
As a taxpayer, getting the most out of your tax refund is important. Fortunately, there are several forms that can help you navigate the refund process and ensure that you receive the maximum refund possible. In this article, we'll discuss 10 forms that can help you with refund-related issues, along with some examples of when they might be used.
IRS Form 4506, Request for Copy of Tax Return, is a form used by taxpayers to request a copy of their previously filed tax return. The main purpose of this form is to provide taxpayers with a copy of their tax return for various reasons, such as applying for a loan or mortgage, verifying income, or resolving tax-related disputes.
IRS Form 8027, also known as Employer's Annual Information Return of Tip Income and Allocated Tips, is a tax form used by employers who operate large food or beverage establishments where tipping is customary. The main purpose of the form is to report the amount of tip income received by employees and the amount of allocated tips paid out by the employer.
IRS Form 1099-A, Acquisition or Abandonment of Secured Property, is a tax form used by lenders and financial institutions to report the acquisition or abandonment of secured property, such as real estate, to the Internal Revenue Service (IRS). This form is important for taxpayers who have had a property foreclosed or repossessed, as it can affect their tax liability.
Schedule K-1 (Form 1065) is an official IRS tax form used by partnerships to report each partner’s distributive share of income, deductions, credits, and other tax items for a specific tax year.
This page provides the official blank Schedule K-1 (Form 1065) template and a reference overview of its structure. If you are looking for explanations, filing guidance, or answers to specific situations, see the related guides below.
IRS Form 8938, Statement of Specified Foreign Financial Assets, is a tax form used to report specified foreign financial assets and calculate the taxpayer's tax liability. The form is used by U.S. taxpayers who have an interest in specified foreign financial assets, including bank accounts, securities, and other financial instruments.
IRS Form 4797, Sales of Business Property, is a tax form used to report the sale of business property and calculate the gain or loss on the sale. The form is used by individuals, partnerships, corporations, and trusts to report the sale of depreciable and non-depreciable business property.
The IRS Form 2553 is used by small business corporations to elect to be treated as an S corporation for tax purposes. The main purpose of this form is to allow small businesses to take advantage of certain tax benefits that are available to S corporations, such as avoiding double taxation on corporate income.
The IRS Form 3520 is an annual return form that is used to report transactions with foreign trusts and the receipt of certain foreign gifts. The main purpose of this form is to ensure that individuals who have received gifts or inheritances from foreign sources are reporting them correctly to the Internal Revenue Service (IRS).
