Form 8801 – Credit for Prior Year AMT
IRS Form 8801 is filed to claim credit for prior year alternative minimum tax (AMT) paid by the taxpayer. This sample Form 8801 covers a scenario where an individual owed AMT for 2022 because he exercised ISOs.
IRS Form 5695 – Residential Energy Tax Credits
A U.S. taxpayer may be eligible for a residential energy tax credit if they make eligible improvements to their property. This article covers the basics and a sample Form 5695 for the 2022 tax year.
Work Opportunity Tax Credit – IRS Form 8850 and 9061
The work opportunity tax credit is a federal tax credit available to employers who hire employees from certain targeted groups. This article covers the basics of the credit and how to complete Forms 8850 and 9061.
IRS Form 5884 – Work Opportunity Tax Credits
The work opportunity tax credit is a federal tax credit available to employers who hire employees from certain targeted groups. This article covers the basics of the credit and how to complete Form 5884.