Internal Revenue Service tax documents and forms. Get the tax forms that you need to file your taxes and perform your duties.
If you’re searching for a rewarding way to break into the world of finance, the Entry Level Tax Preparer Jobs Guide is your ticket to understanding how to land your first role, what employers are looking for, and how to set yourself up for long-term success in tax preparation. Entry level tax preparer jobs are … Read more
Filing taxes as a cooperative association can be a maze of forms, deadlines, and IRS addresses—but knowing exactly where to file 1120-C is the first step to a smooth tax season. The U.S. Income Tax Return for Cooperative Associations, better known as Form 1120-C, is the primary document that agricultural, utility, and other qualifying cooperatives … Read more
IRS Form 8888, officially titled “Allocation of Refund,” allows taxpayers to split their federal income tax refund into multiple accounts or request part of it as a paper check. This form is particularly useful for individuals who wish to allocate their refund across different financial accounts, such as checking and savings accounts, IRAs, HSAs, or … Read more
When dealing with IRS collection actions, understanding the process for requesting a Collection Due Process (CDP) hearing is crucial. This involves completing Form 12153, which is used to appeal IRS decisions regarding liens or levies on your property. However, one of the most common questions taxpayers face is where to send this form. In this … Read more
Losing your 1099 form can feel stressful, especially when tax season is approaching. This form is crucial for reporting income earned as an independent contractor, freelancer, or from other sources outside of a traditional employer. The good news is that if you lose your 1099, there are steps you can take to resolve the situation … Read more
Independent contractors, also known as 1099 contractors, are responsible for paying their own taxes since they are not classified as employees. Unlike traditional employees who have taxes withheld by their employers, 1099 contractors must calculate and pay their taxes directly to the IRS. This includes federal income tax, state income tax (if applicable), and self-employment … Read more
Form 8958 is designed for individuals who are subject to community property laws and file separate federal income tax returns. It helps in accurately reporting community and separate income, deductions, credits, and other relevant amounts. Each spouse or RDP must report half of all community income and their own separate income. Step-by-Step Instructions Additional Notes … Read more
Understanding the Distribution Code on 1099-R is crucial for anyone involved with retirement accounts, pensions, or annuities. Form 1099-R is used to report distributions from these accounts, and it includes a variety of distribution codes that indicate the nature of each distribution. These codes help determine the tax implications for the recipient, including whether they … Read more
IRS Form 1040-SS, officially titled “U.S. Self-Employment Tax Return (Including the Additional Child Tax Credit for Bona Fide Residents of Puerto Rico),” is a crucial document used by self-employed individuals residing in U.S. Virgin Islands, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands (CNMI), or Puerto Rico to report their self-employment income and … Read more
Taxes can be complex, especially when it comes to claiming credits that reduce your tax liability. Sometimes, the IRS may deny certain credits, and this can lead to complications when trying to claim them again in the future. If you have previously had a tax credit disallowed or reduced, but now qualify to claim it, … Read more