Form 433-B – Collection Information Statement for Businesses
Form 433-B is a financial snapshot of your business required by the IRS when you owe taxes and can't pay them in full. It helps the IRS determine your ability to pay.
Form 433-A – Collection Information Statement for Wage Earners and Self-Employed Individuals
Form 433-A is an IRS document used to collect detailed financial information from taxpayers who owe money, specifically wage earners and the self-employed. It helps the IRS determine how you can repay your tax debt.
Form 8233 – Exemption From Withholding on Compensation for Independent Personal Services of a Nonresident Alien Individual
Form 8233 is used by nonresident aliens to claim exemption from U.S. income tax withholding on payments for independent personal services. It helps ensure they're taxed correctly based on treaties or other exemptions.
Form 2555 – Foreign Earned Income
Form 2555 allows U.S. citizens and residents working abroad to potentially exclude some of their foreign-earned income from U.S. federal income tax. This form is crucial for reducing the tax burden on Americans living and working overseas.
Form 1120X – Amended U.S. Corporation Income Tax Return
Form 1120X is used by corporations to correct errors or make changes to a previously filed corporate income tax return. It's essential for ensuring accurate tax filings and avoiding potential penalties.
Form 1040-X – Amended U.S. Individual Income Tax Return
Form 1040-X is how you fix mistakes on your tax return after you've already filed it. Think of it as an "oops, I messed up" form for your taxes.
Form 3800 – General Business Credit
Form 3800, the General Business Credit, is a way for businesses to claim various tax credits to reduce their overall tax liability. This form is used to combine multiple business credits into one manageable calculation.
Form 8995 – Qualified Business Income Deduction (QBI) Simplified Computation
Form 8995 is a simplified way to calculate the Qualified Business Income (QBI) deduction, potentially lowering your tax bill if you have income from a pass-through business. It's a helpful tool for eligible taxpayers.
Form 8829 – Expenses for Business Use of Your Home
Form 8829 is used to calculate and claim the home office deduction, a valuable tax benefit for self-employed individuals and some other taxpayers who use a part of their home for business. This form helps determine how much of your home expenses can be deducted.
Form 4868 – Application for Automatic Extension of Time to File U.S. Individual Income Tax Return (useful for disaster extensions)
Form 4868 is a simple way to get an automatic extension on your tax filing deadline. It gives you more time to prepare your return, and can be particularly helpful after a disaster.