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.
Can a Non-US Person be a Partner in a US LLC
The U.S. limited liability company (LLC) is one of the most coveted entity types in the world. There are generally no restrictions on who can be an owner in a U.S. LLC, however, there are special reporting requirements. This article and video cover the basic reporting requirements.
How to Complete Form 1040 Schedule C for the 2019 Tax Year
An individual taxpayer would include Schedule C with their Form 1040 to report income and expenses for a sole proprietorship business. This article and video tutorial cover a sample Schedule C for the 2019 tax year.
How to File Form 8995-A for the QBI Deduction
The Form 8995-A is completed by U.S. taxpayers to calculate their qualified business income (QBI) deduction. This article and video discuss how to complete Form 8995-A.
How to File Form 8995 for Qualified REIT Dividend Income
This article and video tutorials will cover the basics of the Section 199A deduction and how to complete the IRS Form 8995 or IRS Form 8995-A. View our YouTube videos for sample fact patterns and step-by-step instructions on completing the forms for various scenarios.