How to Get an EIN for a Non-US Company – IRS Form SS-4
The IRS Form SS-4 is an EIN application form used by U.S. and non-U.S. companies. In this example, we look at a Form SS-4 application for a foreign company.
IRS Form 8832 Late Election Relief – Disregarded LLC to Corporation
An eligible entity can file a Form 8832 to change their tax classification. If the entity files the election late, they may be eligible for late election relief. This example covers late election relief of a DRE to a corporation.
The IRS Delays the Form 1099-K $600 Reporting Threshold for 2023
The IRS has placed a hold on the new Form 1099-K reporting requirements for many personal use transactions. This video details those changes and what taxpayers need to know.
How to Complete IRS Form W-9 for a Multi-Member LLC
The Form W-9 is a withholding certificate used by U.S. persons to verify their name, tax ID number, address, and tax classification for federal tax purposes. This article discusses the Form W-9 for multi-member LLCs.
IRS Form 6781 – Section 1256 Gains and Losses
When U.S. taxpayers trade Section 1256 contracts, those gains and losses are treated as capital gains. 40% of the total is short-term capital gain while 60% of the total is long-term capital gain. The gains and losses are reported on Form 6781.