How to File IRS Form 8283 for Donated Clothing and Furniture
The IRS Form 8283 is included with a taxpayer's Form 1040 when they donate noncash property to a charity during the tax year.
How to File IRS Form 8283 for Contributions of Publicly Traded Stock to a Private Foundation
IRS Form 8283 is included with a taxpayer's Form 1040 to report noncash charitable donations to a charity. In this example, we cover the donation of publicly traded stock to a private foundation.
Form 1099-DIV with Federal Income Taxes Withheld
Form 1099-DIV reports dividend income paid to the recipient during the year. If the recipient had any federal income taxes withheld on their distributions, they can claim the withholding as a credit on Form 1040.
How to File IRS Form 8283 for Donating a Vehicle to Charity
Taxpayers can attach Form 8283 to their Form 1040 when they make a charitable donation of noncash property during the year. This example looks at Form 8283 for a used vehicle.
IRS Form 1099-DIV for Liquidating Distributions from a Corporation
Corporations that wind up operations and liquidate the company's assets may make final distributions to shareholders. Those distributions are generally reported on Form 1099-DIV as a liquidating distribution.
IRS Form 6251 Alternative Minimum Tax (AMT) for Incentive Stock Options (ISO)
Some individual taxpayers may be subject to AMT when they file their Form 1040. If a taxpayer receives ISOs, it may have a Form 6251 filing requirement.
IRS Form 1099-DIV: How to Report Nondividend Distributions
Form 1099-DIV reports various types of cash and property distributions from a corporation to its shareholders. In some cases a corporation makes a nondividend distribution which is generally a nontaxable transaction.
IRS Form 1099-DIV Explained: How to Report Exempt Interest Dividend Income
Form 1099-DIV generally reports dividend distributions from a corporation to shareholders. For a shareholder in a RIC, they may receive a distribution of nontaxable exempt interest dividends.
IRS Form 1099-A Explained: How to Report on IRS Form 1040
Form 1099-A is filed by a creditor to report the acquisition or abandonment of property. In this example, the taxpayer receives a Form 1099-A for a foreclosed piece of real estate.
IRS Form 1099-INT Explained – How to Account for Accrued Interest on Bond Purchases
Taxpayers who purchase bonds between interest payment dates may need to account for accrued bond interest income and expense. In this video, we look at an example of how to account for the accrued interest.