If you claim a qualifying dependent, you may be able to use Form 8812 to save up to $2,000 dollars on your taxes this year or receive a substantial refund. The Child Tax Credit is available to those who claim children, stepchildren, foster children, and
Claiming the non-business energy property credit or the residential energy-efficient property credit? You'll need to complete IRS Form 5695. This form is used to calculate the tax credit associated with your energy-efficient system and may be able to save you up to $500 on your taxes. ...
IRS Notice 1450 serves as a formal notification from the IRS, alerting you to these potential issues and providing you with an opportunity to address them. It is important to understand that receiving this notice does not automatically mean you have done something wrong or that you are being pe...
What is a Form 1099-B from the IRS?Question:What is a Form 1099-B from the IRS?Taxpayers:It's important for taxpayers to file their income tax returns on time in order to avoid any penalties for late payment and to allow the taxing authority to note and correct any errors in the fil...
What are 1099s? The 1099 tax form is a common IRS form covering several potentially taxable income situations. Depending on what’s happened in your financial life during the year, you could get one or more 1099 tax form “types” or even more than one of the same 1099 forms....
Learn how businesses use tax form 1099 to report payments to independent contractors, and the IRS uses 1099s to track nonemployee compensation.
Form 8868is an IRS tax extension form used by tax-exempt organizations to request a 6-month extension to file their annual information returns (Original Form). This extension is automatic, which means the IRS doesn’t require you to provide any reason for making the request. The 6-month ext...
Form 8879-PE is the authorization form for a partner or manager of a limited liability company or partnership. The tax form for a partnership is Form 1065. Read More:IRS Instructions for a Business Name Change 8879-EO Form 8879-EO is for an officer of an organization that is tax exempt....
What Is the IRS Form 4562? IRS Form 4562 is known as the Depreciation and Amortization form which you need to complete while filing your income tax return. There are assets such as land, vehicles, machinery, equipment, and so on, that are purchased by a company for business use. All ...
A W-9 form is an Internal Revenue Service (IRS) tax form that is used to confirm a person's name, address, andtaxpayer identification number (TIN)for employment or other income-generating purposes. The confirmation can be requested for either an individual defined as a U.S. citizen or a...