Taxes
Need to learn about U.S. taxes? We’ve got everything you need – all in one location.
Latest Articles
Form 941 Payroll Tax Return for the 1st Quarter – Sample Tax Filing
Form 941 is a quarterly payroll tax return filed by businesses that have U.S. based employees. This sample Form 941 tutorial covers a 1st quarter payroll tax return for a new S corporation.
Florida Form RT-6 for Reemployment Taxes – Sample Tax Filing
A business with Florida based employees may be liable for Florida unemployment taxes on compensation paid to its employees. This sample filing covers Florida Form RT-6 for reemployment taxes.
Form 709 Gift Tax Return – Sample Filing for the 2023 Tax Year
Form 709 is an annual federal gift tax return filed by individuals who make reportable gifts during the year. This sample Form 709 covers a simple cash gift for the 2023 tax year.
IRS Form 941 Payroll Tax Return – Sample Filing for an S Corporation
The Form 941 is a quarterly payroll tax return. This sample video covers a Form 941 filing for an S corporation with one employee for the 2nd quarter.
Form 1040-X Amended Tax Return – Child Tax Credit
Form 1040-X is filed to amend a federal income tax return. This sample video covers an amended tax return to make changes related to the child tax credit (CTC).
Form 709 Gift Tax Return – Sample Filing for Gift of Real Property Assets
Form 709 is an annual federal gift tax return filed by individuals. This sample Form 709 covers a scenario where a taxpayer gifts real property assets which must be disclosed on Form 709.
Form 1040-X Filing for Changes to IRA Contributions
Form 1040-X is filed to amend a previously filed income tax return. This scenario covers a Form 1040-X filed to correct the amount of IRA contributions reported on a previously filed Form 1040.
IRS Form W-7 ITIN Application – How to File with Partnership Income Exception
The Form W-7 is filed by nonresidents to apply for an individual taxpayer identification number (ITIN). Form W-7 must generally be filed with an income tax return, however, there are exception that apply, such as the partnership income exception.
Form 709 Gift Tax Return – Reporting the Gift of Publicly Traded Stocks
The IRS Form 709 is an annual federal gift tax return that must be filed by all persons with reportable gifts. This example covers a scenario where an individual gifts publicly traded stock which is reported on Form 709.
Florida Form DR-1 Business Tax Application
The Florida Form DR-1 Business Tax Application must be submitted by Florida businesses that need to register for sales taxes and reemployment taxes. This video covers a tutorial on how to complete Form DR-1.
IRS Form 709 Gift Tax Return – Contributions to Section 529 Savings Plans
The Form 709 gift tax return is generally required when a person makes taxable gifts during the year. This example Form 709 covers how to report Section 529 plan contributions.
IRS Form W-7 ITIN Application – Nonresident Partner with Form 8805
The IRS Form W-7 is filed by nonresidents of the U.S. that want to obtain an individual taxpayer identification number (ITIN). This sample Form W-7 covers an example with a nonresident partner in a U.S. partnership.
IRS Form 1040-X Amended Tax Return – Claiming Foreign Tax Credits
Form 1040-X is an amended Form 1040 income tax return. In this example, the taxpayer needs an amended return to adjust for foreign tax credits using Form 1116.
IRS Form 8582 – Reporting Passive & Nonpassive Income
The IRS Form 8582 reports income from passive activities on the Form 1040. In this example, an individual needs to report both passive and nonpassive income from investments.
IRS Form 709 Gift Tax Return – Reporting Charitable Contributions
The Form 709 gift tax return is required when U.S. persons make taxable gifts during the year. In general, charitable contributions do not have to be reported. However, disclosure is required if the taxpayer was otherwise required to file Form 709.