The CRT-61 Certificate of Resale is a form used by retailers and wholesalers in Illinois to certify that they are purchasing goods for resale and are therefore exempt from paying sales tax. The main purpose of the form is to provide proof that the buyer is not the end user of the goods and is therefore not responsible for paying sales tax on the purchase.
Form 2210, Underpayment of Estimated Tax by Individuals, Estates and Trusts, is a tax form used by taxpayers who did not pay enough estimated tax throughout the year. The purpose of this form is to calculate and report the amount of underpaid tax and any penalties or interest owed to the Internal Revenue Service (IRS).
Form 945, Annual Return of Withheld Federal Income Tax, is a tax form used by employers who withhold federal income tax from non-payroll payments to report their annual withholding amount to the Internal Revenue Service (IRS). The purpose of this form is to ensure that the correct amount of tax is withheld and paid to the IRS on time.
The form consists of two parts, including the summary and the detail section. The important fields include the employer's name, address, tax identification number, and the total amount of federal income tax withheld.
Form 8832, Entity Classification Election, is a tax form used by eligible entities to elect how they want to be classified for federal tax purposes. The purpose of this form is to allow entities to choose their tax classification, either as a corporation or partnership, for example, based on their specific tax goals and needs.
The form consists of three parts, including the election, the effective date, and the signatures of all members or owners of the entity. The important fields include the entity's name, address, tax identification number, and the desired tax classification.
Form 7004, Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns, is a form used by businesses to request an automatic extension of time to file certain tax returns. The main purpose of this form is to provide businesses with additional time to file their tax returns, allowing them to avoid late filing penalties.
The form consists of three parts:
Form W-2 C, Corrected Wage and Tax Statements, is a form used to correct errors on previously filed W-2 forms. The main purpose of this form is to provide accurate wage and tax information to the Social Security Administration (SSA) and the Internal Revenue Service (IRS) for employees.
The form consists of four parts:
Form W-3, Transmittal of Wage and Tax Statements, is a tax form used by employers to transmit employee wage and tax information to the Social Security Administration (SSA). This form is a summary of all the W-2 forms issued to employees and is required to be filed annually.
Form 5472, Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business, is an official document used by foreign-owned U.S. corporations or foreign corporations engaged in a U.S. trade or business to report their transactions with related parties.
Form 8821, also known as Tax Information Authorization, is an official document used by taxpayers to authorize an individual or organization to receive and inspect their confidential tax information. The main purpose of this form is to allow the authorized party to obtain important financial information about the taxpayer, such as income, deductions, and credits, for the purpose of filing taxes, responding to an IRS inquiry, or representing the taxpayer before the IRS.
Form 8802, Application for U.S. Residency Certification, is a form used by individuals to request certification of their U.S. residency status for tax purposes. The main purpose of this form is to help individuals claim tax treaty benefits and avoid double taxation on income earned in foreign countries.
