Tax Form Library

Form 1040

IRS Form 1040 is the standard individual income tax return form for United States taxpayers. While this is one of the most common forms taxpayers encounter, it can be complicated to manage. Form 1040 tends to undergo many changes each year as the complex tax code faces new legislation. It is import

Form 1040-SS

IRS Form 1040-SS is a tax return form that is filed by those that are self-employed in the United States. Form 1040-SS impacts taxpayers residing in the U.S. Virgin Islands, American Samoa, Puerto Rico, the Commonwealth of the Northern Mariana Islands and Guam that are not required by law to file s

Form 1040EZ

What Is a 1040EZ? The Internal Revenue Service (IRS) offers three different filing options for individual taxpayers: Form 1040, Form 1040A, and Form 1040EZ. Form 1040 is the most complex out of the three choices for individual

Form 1040X

What Is a 1040X Amended Tax Return? If you need to correct your tax returns, fill out and send a completed Tax Form 1040x to the IRS right away. Tax Form 1040X contains a detailed list of each adjustment, so you can record the type and amount of every amendment. You’re also able to repo

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

IRS Form 1098 must be used by those who, in their business, receive $600 of mortgage interest or more during the course of a calendar year. Those who receive this amount or more for a personal residence or for a former personal residence do not file IRS Form 1098. For the purposes of filing IRS For

Form 1098-T

What Is a 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 most 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,

Form 1099

What Is a 1099? A Form 1099 is a series of documents required by the Internal Revenue Service (IRS) to report an information return. The term information return is used in contrast to tax return, although the two need to be filed together. Whereas a Form W-2

Form 1099-R

IRS Form 1099-R is meant for reporting any income received in the form of distributions from pensions, annuities, retirement or profit-sharing plans, IRAs, insurance contracts and other similar financial programs. These distributions must be greater than or equal to $10. Death benefit payments and

Form 2555

IRS Form 2555, which should always been attached to form 1040, is intended for the reporting of Foreign Earned Income. Among other information, taxpayers using this form need to submit information about where they are currently living, overseas employment and may need to determine whether they qual

Form 2555-EZ

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 to live outside of the US for a full tax year, beginning January 1 to December 31

Form 2848 (IRS POA)

During a time of crisis, you or a loved one may not be mentally competent to make important financial decisions in the future. Granting power attorney to someone is the easiest way to make sure that your financial wishes are carried out after you are no longer capable of doing so yourself. The IRS

Form 433-A

IRS Form 433-A is a form filled out by a taxpayer who has been asked by the IRS to provide financial information in order that the IRS can begin to calculate how that taxpayer can pay off an outstanding tax debt. Certain sections of IRS Form 433-A are filled out only by taxpayers who are self-emplo

Form 433-D

IRS Form 433-D is one of the many 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 accurately is very important, as it can i

Form 4868

How Long Is a 4868 Extension? When you want more time to file your taxes after the deadline, submit Tax Form 4868. Form 4868 offers you an automatic six-month extension to file your federal income tax return. If you’re unprepared to pay the taxes you owe, filing a Form 4868 allows you t

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 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 8863

IRS Form 8863 is used to claim the American opportunity education credit and/or the lifetime leaning credit. The first education credit on IRS Form 8863 is a refundable credit which means that if the credit exceeds tax owed, one can receive the difference in their tax refund. The lifetime learning

Form 8962

What Is a Premium Tax Credit? A premium tax credit, or PTC, is a type of refundable tax credit that allows low income and middle income individuals and families cover the premiums of health insurance bought in the Health Insurance Marketplace. The Health Insurance Marketplace is an online

Form 940

IRS Form 940 is a form primarily used by employers to pay 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 employee for more than 20 total weeks in a calendar year must also file IRS Form 940. Pay

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 944 If you’re a

Form W-2

IRS Form W-2 is one of the most common tax forms an individual may receive. This form is sent to taxpayers after the fiscal year ends if they have earned income from a W-2 employer. Form W-2, or the Wage and Tax Statement, is sent by employers that pay an individual at least $600 in noncash income

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,

Form W-9

What Is a W-9? IRS Form W-9 is typically reserved for independent contractors, self-employed workers, and consultants. If you are a business owner and you pay independent contractors more than $600 dollars during the tax year, you’re required to report these payments to the IRS by filin

IRS Form 56

Form 56 is filed with the IRS at the beginning and end of a fiduciary relationship. Form 56 must also be filed whenever the fiduciary relationship changes. Filing Form 56 notifies federal agencies and cre

IRS Form 843

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 IRS error or delay, but certain taxes and other fees may be completely erased in othe

IRS Form 990

Your organization may be exempt from taxes, but it still needs to file annual nonprofit tax returns using Form 990. Although it may seem like an unnecessary hassle, the government uses IRS Form 990 to ensure nonprofit organizations conduct business properly and stay consistent with their responsibi

Schedule 8812

If you have children, make sure you’re not missing out on any available tax credits! The United States federal tax law allows you to claim refundable credits on your tax return for qualifying children, which can lead to some pretty significant savings. Based on the amount of qualifying dependents

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