Taxes
Need to learn about U.S. taxes? We’ve got everything you need – all in one location.
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Form 8936 – Clean Vehicle Tax Credit for an Audi Q5
The IRS Form 8936 is included with a taxpayer's annual income tax return to claim federal tax credits for purchases of qualified electric vehicles. This sample covers a Form 8936 for an individual that purchased an Audi Q5 vehicle and is eligible for the clean vehicle tax credit.
Form 1099-INT Interest Income – Foreign Interest with Foreign Tax Credits
The IRS Form 1099-INT is used to report interest income and any related taxes withheld. This tutorial covers how to report foreign interest income and the related foreign taxes withheld at source.
Form 8936 – Clean Vehicle Credit from a Schedule K-1
Form 8936 is filed with a Form 1040 (US Individual Income Tax Return) to claim the clean vehicle tax credit. For some individuals, this credit may be passed through to them from a Schedule K-1.
Tax Refund Updates for 2024 Tax Season – Where is Your Refund?
The 2024 tax season is underway for individuals and businesses filing their 2023 tax return. Here is an update on the tax season so far.
Schedule 1 Form 1040 – Additional Income and Adjustments to Income
Schedule 1 is included with Form 1040 (US Individual Income Tax Return) to report additional income and adjustments to income. This video tutorial covers the basics of Schedule 1 and the most common items seen on an individual tax return.
Form 8936 – Clean Vehicle Credit for Chrysler Pacifica 2023
The Form 8936 is filed to claim the clean vehicle tax credit for federal tax purposes. This sample Form 8936 covers an EV tax credit for the Chrysler Pacifica 2023.
Schedule SE – How to Prepare with a Schedule C Business
The Schedule SE is included with a Form 1040 (US Individual Income Tax Return) to report self-employment income & taxes. This sample Schedule SE looks at a Form 1040 with a Schedule C business.
Schedule 2 Form 1040 – Line by Line Instructions on Reporting Additional Taxes
Schedule 2 is included with a Form 1040 (US Individual Income Tax Return) to calculate and report additional taxes. These additional taxes include the alternative minimum tax (AMT), self-employment taxes, and the excess advance premium tax credit.
Form 8936 – Clean Vehicle Credit for Business and Personal Use of Ford F-150 Truck
Form 8936 is filed to claim a federal tax credit for the purchase and use of an electric or hybrid vehicle. This sample Form 8936 examines how to complete Form 8936 for an eligible Ford F-150 EV Truck.
IRS Schedule 3 of Form 1040 – Line-by-Line Instruction
Schedule 3 is included with Form 1040 to report additional credits and payments. Part 1 reports nonrefundable credits while Part II reports other payments and refundable tax credits.
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.
Schedule SE – How to Complete with Social Security Income Limits
Schedule SE is included with Form 1040 to report an individual's income subject to social security taxes. This sample Schedule SE covers a scenario where the person reaches the social security income limits.
Form 4562 – How to Record Bonus Depreciation for 2023
The IRS Form 4562 is filed by a business to report depreciation and amortization expense on assets used in the trade or business. This sample Form 4562 covers how to record bonus depreciation for the 2023 tax year.
Schedule SE – How to Complete Using the Nonfarm Optional Method
Schedule SE is filed with a Form 1040 (US Individual Income Tax Return) to calculate the self-employed income and taxes. This sample Schedule SE discusses how to complete Schedule SE using the optional nonfarm method.
Form 4797 – Reporting the Sale of Rental Real Estate Property
Form 4797 is filed to report the sale of assets used in a trade or business. This sample video tutorial covers how to prepare Form 4797 for the sale of a rental property.