Form 5471 – Information Return of U.S. Persons with Respect to Certain Foreign Corporations (noted earlier under international reporting)
Form 5471 is an IRS information return used by U.S. persons who own a certain amount of stock in a foreign corporation. It helps the IRS track foreign business activities of U.S. taxpayers.
Form 4563 – Exclusion of Income for Bona Fide Residents of American Samoa (mentioned earlier but relevant here)
Form 4563 is an IRS form used by qualified residents of American Samoa to exclude certain income from U.S. federal income tax. It helps ensure that those who live and work in American Samoa are not taxed twice on their earnings.
Form 5074 – Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands
Form 5074 is used to figure out how much of your income tax should go to Guam or the Commonwealth of the Northern Mariana Islands (CNMI), instead of the U.S. It's relevant if you've earned income in those areas.
Form 8689 – Allocation of Individual Income Tax to the U.S. Virgin Islands
Form 8689 is an IRS tax form used to allocate income tax liability between the United States and the U.S. Virgin Islands for certain individuals. It ensures taxes are paid to the correct taxing authority.
Form 8940 – Request for Miscellaneous Determination
Form 8940 is used to ask the IRS for a formal decision on specific tax matters not covered by other forms. Understanding this form can be crucial for clarifying unique tax situations.
Form 1024-A – Application for Recognition of Exemption Under Section 501(c)(4) of the Internal Revenue Code
Form 1024-A is the application used by certain non-profit organizations to gain tax-exempt status under section 501(c)(4) of the Internal Revenue Code. This status allows organizations to operate without paying federal income tax.
Form 8872 – Political Organization Report of Contributions and Expenditures
Form 8872 is used by political organizations to disclose their financial activity to the IRS. It's all about transparency in campaign finance.
Form 8871 – Political Organization Notice of Section 527 Status
Form 8871 is an IRS form that certain political organizations must file to notify the IRS of their existence and tax-exempt status under Section 527 of the tax code. It's a key step for political groups to stay compliant with tax laws.
Form 8911 – Alternative Fuel Vehicle Refueling Property Credit
Form 8911 is used to claim a tax credit for the cost of installing alternative fuel vehicle refueling property, such as electric vehicle charging stations, at your home or business. This credit can help offset the costs of going green.
Form 5695 – Residential Energy Credits (cross-referenced from energy credits)
Form 5695 is the IRS form you use to claim tax credits for making energy-efficient improvements to your home. These credits can reduce the amount of taxes you owe.