The IRS wants you to file your tax return. That's why it has guides to help you with nearly every tax situation. Find the IRS publication that covers your particular situation.
IRS publications don't usually provide specific, line-by-line instructions for filling out tax forms—each form has a separate set of instructions for that purpose—but they do provide answers on nearly every tax topic you're likely to face. Identifying IRS publications Every publication is ...
since I have previously gone in to depth about cash and non-cash scenarios where you need acharitable donation receipt, appraisal, or no written acknowledgement at all in order to deduct a donation. It’s important, so read up.IRS publication 561is also a valuable...
The publication defines a return as any tax return, estimated tax declaration, or refund claim filed by an individual on behalf of the IRS. Returns include paper and electronic forms, including tax forms 1090, 941, and 1120, and informational forms like Form 1099 or W-2s. IRS 1075 defines...
Nobel Peace Prize money: The IRS requires you to pay taxes on any money you receive for winning the Nobel Peace Prize or Pulitzer Prize unless you donate the payment to a tax-exempt charity before receiving it. However, if you accept the money and give it to charity, you may have to ...
Online payment plan –A payment plan is one way a taxpayer can stop the IRS from seizing their property. An individual taxpayer is eligible for a plan of this type when he or she owes $50,000 or less and all required tax forms have been filed. Businesses are eligible when $25,000 or...
The IRS Publication 5 states that the nonresident alien (dejure state Citizen) has no remedy before the United States District Court or the Tax Court. They must go to the U S. Court of Claims for the District of Columbia or the united States District Court of Appeals for the District of...
If you’re seekingtax-exempt statusfor your corporation under501(c)(3)of the tax code, then the IRS Publication 557 is a critical resource. It will help you determine if your organization qualifies, and how you should go about applying for tax-exempt status. For example, the publication di...
IRS Warns Tax-Exempt Organizations: Last Chance to File New Required FormsDouglas A. Schaaf
There's also an explanatory publication, "Which form should I use to file my taxes?" It offers a clear delineation of the differences between the various forms that are available to taxpayers. You’ll also find theIRS Tax Withholding Estimatoron this page. It can help you decide whether your...