Taxes
Need to learn about U.S. taxes? We’ve got everything you need – all in one location.
Latest Articles
How to File IRS Form 1120-F Protective Income Tax Return
The IRS Form 1120-F is a foreign corporation federal income tax return. This article and video tutorial cover how to prepare and file a protective income tax return for a foreign corporation.
How to File IRS Form 8332 for Release of Claim to Exemption for Child
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.
How to File IRS Form 2553 for an “S” Corporation Election
The S corporation election is a popular choice for many small businesses. This article and video tutorial cover a sample Form 2553 "S" corporation election.
How to File IRS Form SS-4 for an EIN Application for a Nonresident of the US
The IRS Form SS-4 is an employer identification number (EIN) application that can be submitted by mail, fax, or using the online application. This Form SS-4 example covers an EIN application for a nonresident owner of a U.S. entity.
How to File IRS Form 926 for Cash Transfers to Foreign Corporations
When a U.S. person or entity transfers cash or other property to a foreign corporation, the person may be required to disclose those transfers on a Form 926. This example Form 926 covers a cash transfer to a foreign corporation in exchange for stock.
IRS Form 8832 (Entity Classification Election) Tutorial For a New Entity
Form 8832 is an entity classification election filed by a business entity to change its default tax treatment. This article and video discuss the basics of the form and what business owners need to know before filing with the IRS.
How to Prepare IRS Form 1065 (Partnership Tax Return) for 2021
A partnership should file Form 1065 for each year the partnership is in existence. This video tutorial covers a sample Form 1065 filing for the 2021 tax year.
How to Complete IRS Form W-8ECI for Effectively Connected Income (ECI)
The Form W-8ECI is a type of withholding certificate used by foreign persons to disclose their income is effectively connected with a U.S. trade or business. This article and video tutorial cover the basics of the Form W-8ECI.
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.
I Formed a Delaware Corporation – Do I Need a Form 1120?
Every Delaware corporation is a U.S. tax resident because they are characterized as domestic corporations. Domestic corporations should file Form 1120 each year they have net taxable income.
How to Complete Form W-8BEN with Treaty Benefits
Non-US individuals complete IRS Form W-8BEN when they expect to receive income from US sources. This article and video discuss a sample Form W-8BEN that also claims treaty benefits.
Where to Report IRS Form 1099-INT on Your Taxes?
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.
How to File IRS Form 8995-A and Schedule A for a Specified Service Trade or Business (SSTB)
If an individual taxpayer receives qualified business income (QBI) during the tax year, the individual can include Form 8995 to calculate their QBI deduction. This example covers the QBI deduction for a specified service trade or business (SSTB).
IRS Form 8995 with QBI Loss Carryforwards
If an individual taxpayer receives qualified business income (QBI) during the tax year, the individual can include Form 8995 to calculate their QBI deduction. This example covers QBI deduction with loss carryforwards.
How to File IRS Form 8995 with Publicly Traded Partnership (PTP) Income
If an individual taxpayer receives qualified business income (QBI) during the tax year, the individual can include Form 8995 to calculate their QBI deduction. Investments in PTPs may pass-through QBI information for the taxpayer.