Leaving the USA? Make Sure to File Form 8854
Certain U.S. tax residents that leave the country may be required to file an expatriation statement with the IRS. This article and video discuss the basics of Form 8854.
Certain U.S. tax residents that leave the country may be required to file an expatriation statement with the IRS. This article and video discuss the basics of Form 8854.
Some taxpayers have the misfortune of their tax refund checks being lost in the mail or destroyed. If a taxpayer is missing a refund check, they can generally file Form 3911 to have the IRS issue a new refund check.
The IRS Form 1099-NEC is filed by a business to report nonemployee compensation paid to a contractor. This article and video tutorial cover where taxpayers can report that information on their income tax return.
It's important for taxpayers to make sure the IRS has their most current address on file. Here are some ways to update your address with the IRS.
The Form 1099-K is used to report gross payment card transactions. If you personally received a Form 1099-K, there are several reporting methods depending upon the character of the income.
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.
Schedule B is used to report interest and dividend income on a taxpayer's Form 1040 income tax return. This article and video tutorial cover a sample Schedule B tax filing.
Taxpayers can generally choose to either itemize their tax deductions or claim the standard deduction on their income tax return. Schedule A is completed for taxpayers who choose to itemize their deductions.
The children of divorced or separated parents will often have shared custody arrangements, however, one parent generally has the child longer than the other. The Form 8332 can be prepared and signed by the custodial parent to release the dependent claim.
The Form 1099-INT reports the gross amount of interest income paid to a taxpayer during the year. Taxpayers use this information to complete their personal income tax returns.