Form 8826 – Disabled Access Credit (reiterated for business-related credits)
Form 8826 is used by eligible small businesses to claim the Disabled Access Credit, which helps offset costs related to making their businesses accessible to people with disabilities. It is a crucial tool for promoting inclusivity and reducing tax burdens.
Form 1120X – Amended U.S. Corporation Income Tax Return
Form 1120-X is used by corporations to correct errors or make changes to a previously filed Form 1120, the U.S. Corporation Income Tax Return. It's important to file an amended return when mistakes are made to ensure accurate tax reporting.
Form 1040-X – Amended U.S. Individual Income Tax Return (critical for individual tax corrections)
Form 1040-X is used to correct errors on a previously filed tax return, ensuring you are paying the correct amount of taxes. It's your go-to form when you realize you've made a mistake.
Form 8868 – Application for Extension of Time to File an Exempt Organization Return
Form 8868 is an IRS form that certain tax-exempt organizations use to request an automatic extension of time to file their annual tax return. It helps organizations that can't meet the usual filing deadline.
Form 7004 – Application for Automatic Extension of Time to File Certain Business Income Tax Returns (highlighted earlier)
Form 7004 is an IRS form that businesses use to request an automatic extension to file their income tax returns. It gives you more time without penalties, as long as you meet the requirements.
Form 433-D – Installment Agreement (specific for streamlined agreements)
Form 433-D is an IRS document used to set up a streamlined installment agreement, which allows eligible taxpayers to pay off their tax debt in monthly payments. This form simplifies the process of arranging a payment plan with the IRS.
Form 433-A – Collection Information Statement for Wage Earners and Self-Employed Individuals (highlighted under collection strategies)
Form 433-A is an IRS form that individuals use to provide detailed financial information when they owe taxes and cannot afford to pay the full amount. This form helps the IRS determine the best way to resolve your tax debt.
Form 1099-H – Health Coverage Tax Credit (HCTC) Advance Payments
Form 1099-H reports advance payments of the Health Coverage Tax Credit (HCTC). This credit helps certain individuals pay for health insurance, and this form details how much was paid on your behalf.
Form 8928 – Return of Excise Taxes Under Chapter 43 of the Internal Revenue Code
Form 8928 is used to report and pay excise taxes related to certain retirement plan violations or failures under Chapter 43 of the Internal Revenue Code. It's important to understand if this form applies to you to avoid penalties.
Form 114 – Report of Foreign Bank and Financial Accounts (FBAR)
Form 114, also known as the FBAR, is a mandatory report for U.S. persons who have financial accounts in foreign countries. It helps the U.S. government track money held outside the country.