Form 1040-SS

If you are self-employed in a U.S. Territory but are not required to file a U.S. income tax return, you will need to file IRS Form 1040-SS (U.S. Self-Employment Tax Return) to report your earnings. By filing your earnings with the U.S. Government, you will be able to claim certain credits, pay your

Form 1040A

Form 1040A is a simplified version of the standard 1040 income tax form that you file with the IRS to report your annual earnings and calculate federal taxes. Because there are a few different versions of the standard Form 1040, it’s

Form 1040EZ

What Is a 1040EZ? The Internal Revenue Service (IRS) offers three different filing options for individual taxpayers: Form 1040, Form 10

Form 1040X: Amended U.S Individual Income Tax Return

Even the most careful of taxpayers may later discover a mistake on an already-filed return. If you discover an error on your personal income tax return Form 1040, 1040A or 1040EZ, the next step depends on what kind of mistake was made. In many

Form 1065

Have you recently formed a partnership and heard the term “Form 1065” tossed around? Not sure about Form 1065 instructions, or who’s required to file? Failing to follow the protocol for IRS Form 1065 could land you in some hot water with the government, so keep reading to learn the ins and ou

Form 1095

What is Form 1095? When tax season comes around, you might receive Form 1095. This form is related to your medical coverage, and was instituted after the Affordable Care Act, or Obamacare, was signed into law by President Barack Obama in 2010. This law overhauled and expanded medical cove

Form 1095-A

What Is Form 1095-A? When the Affordable Care Act, also known as Obamacare, was signed into law by President Barack Obama in 2010, federal law expanded medical coverage to more citizens across the country. This law provides consumers with subsidies, or premium tax credits, for households

Form 1095-B

What is Form 1095-B? This tax season, you might receive one or more forms related to your health coverage. This includes Form 1095-A, Form 1095-B, and Form1095-C. Form 1095-B provides vital information about your health care coverage you should keep in your records. These forms are par

Form 1095-C

What Is Form 1095-C? When the Affordable Care Act was signed into law in 2010 by President Barack Obama, it changed the way we do taxes. This law expanded medical insurance to cover more citizens in the U.S., and gave us new tax forms for our annual filing processes. Form 1095-C is one

Form 1098: Mortgage Interest Statement

IRS Form 1098 Mortgage Interest Statement, is completed by mortgage providers for loans (for individuals or sole proprietorships) that they earn over $600 of interest on throughout the year. If you’re a mortgage holder as an individual

Form 1099-R

If you’re one of over 44 million retired Americans, there’s a good chance you’ve come across tax form 1099-R. In addition to completing your standard IRS Form 1040, you’re required to complete form 1099-R if you’ve received any distributions from profit-sharing or retirement plans, IRAs,

Form 1099-R Instructions & Information

Form 2106

If you travel often for work, chances are you’ve racked up quite a number of business-related expenses. Ideally, your employer would reimburse you for any expense related to your work, but that’s not always the case. If your employer falls into the latter category, fear not; you’re not totall

Form 2210 Instructions: Penalty for Underpaying Estimated Taxes

What is Estimated Tax? Paying taxes to the Internal Revenue Service (IRS) comes in all shapes and sizes. Most people pay taxes out of their paychecks every time their employer withholds income. But for some taxpayers, routine withholding does not make sense because they do not work in suc

Form 2441

Taking care of a child or disabled loved one is a difficult financial strain. The cost of childcare becomes more and more expensive every year, and if your disabled loved one doesn’t have the best insurance, dependent care can cost you a huge portion of your income. Fortunately, you

Form 2555-EZ: U.S Expat Taxes

If you’re a working American, you need to file taxes no matter where you live. IRS Form 2555-EZ can be used by qualifying taxpayers who would otherwise have to use IRS Form 2555 to exclude part of their earned foreign income from IRS Form 1040. To be able to use IRS Form 2555-EZ, a taxpayer has t

Form 2555: Foreign Earned Income Exclusion

Living and working abroad can be an exciting opportunity to experience a different lifestyle, see the world, and possibly even save on your taxes. However, it can also complicate your filing when tax season comes around. This guide to IRS Form 2555 Foreign Earned Income can help you understand your

Form 2848 (IRS POA)

What is an IRS Power of Attorney? A power of attorney (POA) is a document that grants an agent or third party the legal right to act on your behalf. The situations and context in which the agent can act are contingent upon what is specified in the form. For example, a th

Form 433-A

You never know what curveballs life may throw your way, and unfortunately, those curveballs may cause you to strike out. Whether you recently became unemployed or a huge tax bill showed up on your doorstep, paying back the IRS may seem impossible. Luckily, if you’re in financial hardship, Uncle S

Form 433-D: Installment Agreement

What is Form 433-D? IRS Form 433-D is one of the set of forms used to set taxpayers up with a tax resolution. This particular form is used to apply for an Installment Agreement, which breaks up an overdue tax balance into smaller monthly payments. Filing Form 433-D carefully and accura

Form 433-F

In hot water with the IRS? Don’t panic. If you owe IRS back taxes, finding your way out of debt may not be as impossible as it seems. The United States federal government has created ways for taxpayers to resolve their outstanding obligations and clear their name from collections. Before figuring

Form 5329

If you are under 59-year-old and have a retirement plan or education savings account (ESA), you need to file Form 5329. This form is called “Additional Taxes on Qualified Retirement Plans (including IRAs) and Other Tax-F

Form 5498

What Is Tax Form 5498? As life gets more complex, so do our taxes. New tax forms might appear in the mail each year, such as Tax Form 5498. When you receive a Tax Form 5498 for the first time, it might be confusing. Any unfamiliar tax document coming from the IRS or your employer can feel

Form 5695

Going green benefits both the environment and your bank account. Energy-efficient home upgrades help shave dollars off your utility bills, but they can also earn you some sizable savings on your tax bill. In an effort to incentivize citizens to opt into the green movement and consume fewer resource

Form 656-B, Offer in Compromise (OIC)

IRS Form 56 must be filled out by those who want to represent another taxpayer as a fiduciary. The difference between filing IRS Form 56 and a Power of Attorney is that when one is a fiduciary, one can make decisions as if they were the taxpayer whereas with a Power of Attorney, one can only carry

Form 8300

Form 8300 is a document that must be filed with the IRS when an individual or business receives a cash payment over $10,000. Businesses that deal in large cash transactions are required to report all of their dealings accurately and honestly with the IRS. One way the IRS makes sure that businesses

Form 843 Explained: Penalty Abatement Request Instructions & Details

The IRS is notorious for tacking on penalties wherever they can. Did you know that Form 843 can be used to request refunds of penalties, fees, and interest? You can only get rid of interest if it’s related to an IR

Form 8863

Good news: if you’re struggling to cover the costs of tuition, books, and necessary school supplies, you might be eligible for tax relief help. The United States federal government helps students offset the cost

Form 8917

It’s no secret that higher education can be outrageously expensive. From tuition and housing to textbooks and classroom supplies, pursuing post-secondary schooling can take a major chunk out of your bank account. When it comes time for tax season, filling out Form 8917 can help alleviate some of

Form 8965

If you don’t have health insurance, you might get a little uneasy around tax season. After the Affordable Care Act was signed into legislation, all tax payers are required to either have health insurance or pay a penalty—which puts people who can’t afford health care and those who missed open

Form 940 Explained: When to File + Instructions

What is Form 940? IRS Form 940 is a form used by employers to record and remit the Federal Unemployment Tax Act (FUTA) tax when they pay more than $1,500 of wages to employees during a calendar quarter. Those who had more than one employe

Form W-4

What Is a W-4? A Form W-4 is otherwise known as the Employee’s Withholding Allowance Certificate. It’s an Internal Revenue Service (IRS) document completed by an employee to indicate his or her tax situation to the employer. By selecting certain details such as allowances, exemptions,

IRS Form 1040: Understanding U.S Individual Income Tax Return

IRS Form 1040 is one of the most commonly used tax forms. If you brought in income last year, there’s a likelihood that you’ll have to file Form 1040 with the IRS. How do you know whether you have to file Form 1040, and what information do you need to complete it

IRS Form 1098-T: Tuition Statement

When you have to pay your own school tuition, it’s time to sort-out your tax documents to find where you can get the greatest refunds. You might be familiar with tax documents like Form W-2, Form 1040, and Form 1099, but if you recently took out a student loan, you’ll receive READ MORE

IRS Form 12153: Request for a Collection Due Process or Equivalent Hearing

If you don’t settle a tax debt, the IRS has systems in place to legally lay claim to your assets in order to satisfy repayment. One such method is placing a tax lien or levy on your property or other assets. To do so, the IRS must formally notify you through registered mail with proof of receipt

IRS Form 12277: Application to Withdraw Federal Tax Lien from Credit Report

If you’ve recently resolved debts from a tax lien on your file, your next step to a better credit score and better financial health may mean filing IRS Form 12277. Filing a request to withdraw from a tax lien on your file may help you repair your standing with the

IRS Form 13844: Application for Reduced User Fee for Installment Agreements

IRS Form 13844 is also called the Application For Reduced User Fee For Installment Agreements. This form requests a reduced user fee for taxpayers who have not already been classified as low-income and are applying for an IRS payment plan. READ MORE

IRS Form 14039: Guide to the Identity Theft Affidavit Form

Realizing you’re a victim of identity theft can be an extremely stressful experience. Not knowing what information has been compromised and what your information will be used for can cause serious financial panic. If you’re thinking to yourself “where’s my ta

IRS Form 4137: Social Security and Medicare Tax on Unreported Tip Income

It can be very difficult to file taxes on income you earned from a service job. When you’re working a service job, you won’t know exactly how much you’ll earn in a given year until you receive your W-2 in January. That’s because

IRS Form 4506-T: Instructions & Information

IRS Form 4506-T is a transcript of your tax return for a given year. It’s not to be confused with Form 4506, which is a copy of your tax return and differs in some key ways discussed below. One common situation where you may have to fill out one of these forms is when you apply for a loan, esp

IRS Form 4868: IRS Tax Extension Form

The beginning of the year means new starts, clean slates, and excitement for the year ahead. But the months from January to April also signify a less exciting thing for Americans: tax season. If your calendar has caught up to you, we’re here to help. READ MORE

IRS Form 540: California Resident Income Tax Return

While the Golden State is known for its incredible climate and vibrant cities, it’s also infamous for being one of the most expensive places to live. Each spring, California residents use Form 540 to file their state income tax return. READ MORE

IRS Form 56: Instructions & Overview

Form 56 is filed with the IRS at the beginning and end of a fiduciary relationship — one where one person is responsible for the assets of another. Form 56 must also be filed whenever a fidu

IRS Form 6166: Certification of U.S. Tax Residency

The United States has negotiated tax treaties with many countries around the world that can benefit U.S residents and companies who do business abroad. Reduced tax rates, exemption from double taxation, and other significant benefits can be applied to various forms of international income, includin

IRS Form 656 Instructions (Offer in Compromise)

The IRS has long been portrayed by pop culture as a cruel and unforgiving branch of the United States government. The name conjures images of a cold-hearted system using complex language to confuse citizens, and then doles out harsh penalties at the slightest infract

IRS Form 8283: Noncash Charitable Contributions

For individuals who make noncash charitable donations during a given tax year, the IRS offers tax deductions for qualified gifts. What is Form 8283? When taxpayers make qualified noncash donations to IRS-accepted charitable donations, they may qualify for a tax deduction. A qualified cha

IRS Form 8802: Application for United States Residency Certification

For U.S. residents living and working in a foreign country, taxation rates can be much higher than in the United States. However, there are international tax treaty laws in place that can make tax withholding rates extremely low on certain types of income for expatriates. Many countries require pro

IRS Form 8821: Tax Information Authorization

If you’re preparing taxes for clients or if you’re trying to handle a loved one’s finances, you may need to file Form 8821. What is Form 8821, and how is it different than power of attorney? Here’s everything you need to know. What is Tax Form 8821? IRS Form 8821 is basically an

IRS Form 8962

IRS Form 8962 allows you to claim the Premium Tax Credit. Who’s eligible for the Premium Tax Credit? And how do you file Form 8962? Here’s everything you need to know about this tax form. What Is the Health Insurance Ma

IRS Form 941, Employer’s Quarterly Federal Tax Return: Filing Instructions and Tips You Need to Know

Regardless of whether you own and operate a small business or a multibillion-dollar corporation, if you pay employees a wage, you have to file Form 941. The IRS is diligent in the way it keeps track of employee wages and how much needs to be taken out of those wages in the form of taxes. Form 941 m

IRS Form 944

Are you a small business owner looking for an easier way to file your taxes? Depending on the number of employees and amount of money you pay them, you might be able to save yourself a ton of time and trouble when filing your monthly federal payroll taxes. What is Form 9

IRS Form 9465: Installment Agreement Request

What is Form 9465? IRS Form 9465 is a document you can file to formally request a monthly installment payment plan in the instance you cannot pay what you owe on your federal tax return. In most cases, it is a good idea to pay part of your tax debt and then ask for an installment plan for

IRS Form 990

If you own a non-profit, you may wonder “Do I owe the IRS?” The use of IRS form 990 will give you the answe

IRS Form W-9: Purpose, What You Need & Other Information

IRS Form W-9, also known as the Request for Taxpayer Identification and Certification, is a unique tax form because it’s never actually submitted to the IRS—not directly, anyway. You may have to fill out Form W-9 if you�

IRS Schedule 8812: Child Tax Credit Form

IRS Schedule 8812 is the section on Form 1040 that needs to be filled out to claim the federal additional child tax credit. The additional child tax credit is considered a refundable credit which means that it entitles qu

Notice 703

Many taxpayers who collect social security may be surprised to find that it’s not always a tax-free benefit. Depending on the amount of your other retirement income and your filing status, you could owe taxes on up to 85% of your Social Security benefits. If you currently collect Social Secur

Tax Form 1120: Corporation Income Tax Return Form

Are you responsible for filing taxes for a corporation or LLC? Then you’ll need to know about IRS Form 1120. If this is your first

Tax Form 8889

If you have a Health Savings Account (HSA), you might be a bit confused come tax season. You’re probably already aware that a tax-sheltered HSA offers incredible financial benefits, but figuring out how to get the most out of your tax savings can become a little fuzzy. To ensure your contribution

Tax Form 8949

If you must report capital gains and losses from an investment in the past year, you’ll need to file Form 8949. This is an IRS form used by individuals, partnerships, and corporations to report both short- and long-term capital gains and losses from investment exchanges and sales. Up until 201

W-2 Tax Form

January marks the time of year when employees around the nation wait in anticipation for their W-2s—quite often it’s the final document that’s needed to start filing a tax return. What is Form W-2 used for, and why do you need it to file taxes? Here’s a brief overview

W8 Form

No matter your resident or employment status, filing taxes in the United States can be incredibly confusing. The language is complex and often refers to terms most of us have never heard before. On top of that, the pressure of what may happen if you get something wrong can be overwhelming and even

Tax Form Library

Form 843 Explained: Penalty Abatement Request Instructions & Details

IRS Form 944

W-2 Tax Form

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