Form 1095-C – Employer-Provided Health Insurance Offer and Coverage
Form 1095-C is an informational tax form that employees receive from their employers, detailing the health insurance coverage offered. It’s important for tax filing and ensuring you are complying with the Affordable Care Act (ACA).
Form 1095-B – Health Coverage
Form 1095-B is a tax document that proves you had qualifying health insurance coverage during the year. You might need it when filing your taxes.
Form 1095-A – Health Insurance Marketplace Statement (critical for ACA compliance)
Form 1095-A is a crucial tax document for those who purchased health insurance through the Health Insurance Marketplace. It helps you reconcile your premium tax credit and file your taxes correctly.
Form 8621 – Information Return by a Shareholder of a Passive Foreign Investment Company
Form 8621 is an IRS form used by U.S. taxpayers who own shares in a Passive Foreign Investment Company (PFIC). It's crucial for reporting income from these specific types of foreign investments.
Form 926 – Return by a U.S. Transferor of Property to a Foreign Corporation
Form 926 is an IRS form used to report the transfer of property from a U.S. person or business to a foreign corporation. It’s essential for compliance when dealing with international business transactions.
Form 3520-A – Annual Information Return of Foreign Trust with a U.S. Owner
Form 3520-A is an annual tax form used to report information about foreign trusts with U.S. owners. It helps the IRS track these trusts and ensure proper tax compliance.
Form 3520 – Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts
Form 3520 is an IRS form used to report certain financial transactions with foreign trusts and the receipt of large gifts from foreign individuals or entities. Failing to file Form 3520 when required can result in penalties.
155. Forms for Foreign Investments and Assets
If you have investments or assets outside the United States, you likely have to report them to the IRS. This involves using specific forms that help the IRS ensure you're paying the correct taxes on your global holdings.
Form 5472 – Information Return of a 25% Foreign-Owned U.S. Corporation
Form 5472 is an IRS information return used to report transactions between a U.S. corporation and its foreign owners or related parties. It helps ensure the IRS knows who owns US businesses and that all their financial dealings are transparent.
Form 5471 – Information Return of U.S. Persons with Respect to Certain Foreign Corporations
Form 5471 is an IRS information return that certain U.S. individuals and businesses with ownership in foreign corporations must file annually to report their involvement and the corporation’s financial activities. This form helps the IRS track international tax compliance.