Form 2848 – Power of Attorney and Declaration of Representative
IRS Form 2848 allows you to authorize another person, like a tax professional, to represent you before the IRS. It gives them the legal right to act on your behalf for specific tax matters.
Form 911 – Request for Taxpayer Advocate Service Assistance (mentioned earlier but included under advocacy forms)
Form 911 is the IRS form used to request help from the Taxpayer Advocate Service (TAS) when you’re facing unresolved tax problems or experiencing financial hardship. It's a lifeline for taxpayers dealing with complex tax issues.
Form 1120-RIC – U.S. Income Tax Return for Regulated Investment Companies
Form 1120-RIC is the specific tax return that regulated investment companies (RICs), like mutual funds, use to report their income and calculate their taxes. Understanding this form is crucial for these specialized investment entities.
Form 2439 – Notice to Shareholder of Undistributed Long-Term Capital Gains (previously listed but relevant here)
Form 2439 is an IRS form that informs shareholders about their share of a fund's undistributed long-term capital gains. This form is key for correctly reporting your taxes when a mutual fund or REIT doesn't distribute all of its capital gains to shareholders.
Form 1099-K – Payment Card and Third Party Network Transactions
Form 1099-K reports income you receive through payment cards or third-party payment networks. It helps the IRS track income and ensure taxes are paid.
Form 8949 – Sales and Other Dispositions of Capital Assets (applicable to cryptocurrency sales)
Form 8949 is an IRS form used to report the details of your capital asset sales, including cryptocurrencies. It's crucial for calculating your capital gains or losses, which affect your tax liability.
Form 8917 – Tuition and Fees Deduction
Form 8917 is used to claim the tuition and fees deduction, a tax break that can help eligible taxpayers reduce their tax burden by offsetting some of the costs of higher education. While no longer available for tax years after 2017, it's important to know about this form for amended returns or previous years.
Form 8863 – Education Credits (American Opportunity and Lifetime Learning Credits)
Form 8863 is an IRS tax form used to claim education tax credits, specifically the American Opportunity Credit and the Lifetime Learning Credit. These credits can significantly reduce your tax liability and help offset the cost of higher education.
Form 4835 – Farm Rental Income and Expenses (previously mentioned for agricultural filings)
Form 4835 is used by farm landlords to report their income and expenses from renting out farmland. It helps determine your taxable income from these rentals.
Form 1099-G – Certain Government Payments (noted earlier, relevant to agricultural subsidies)
Form 1099-G is a tax form you'll receive from a government agency if you were paid certain types of government benefits or subsidies. It's important to understand this form because you'll need to report this income on your tax return.