If you need to let a CPA, tax preparer, attorney, lender, or another third party access your federal tax information, IRS Form 8821 may be the form you need. Form…
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Selling stocks, bonds, cryptocurrency, real estate, or other capital assets can create a tax reporting requirement that is easy to get wrong. IRS Form 8949 is the form taxpayers use…
Learn MoreDonating property to a qualified charity can potentially qualify for a charitable contribution deduction, but noncash donations require more documentation than simply writing down the amount you think the property…
Learn MoreIf your business cannot finish its federal tax return by the original due date, IRS Form 7004 can provide an automatic extension of time to file certain business income tax,…
Learn MoreLosing a family member often leaves survivors with many financial and tax responsibilities. If the deceased taxpayer was owed a federal income tax refund, the IRS has specific rules for…
Learn MorePaying for college, vocational training, or other higher education can be expensive. IRS Form 8863 helps eligible taxpayers claim two federal education tax credits: the American Opportunity Tax Credit (AOTC)…
Learn MoreIRS Form 5329 is used to report certain additional taxes involving IRAs, retirement plans, and other tax-favored accounts. It is especially important if you took an early retirement distribution, contributed…
Learn MoreIRS Form 2210 helps taxpayers determine whether they owe a penalty for not paying enough federal income tax during the year through withholding and estimated tax payments. It is especially…
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