Form 4797 – Sales of Business Property (noted earlier under real estate but included for asset reporting)
Form 4797 is an IRS tax form used to report the sale or exchange of business property, like equipment, machinery, and certain real estate. It helps determine if you have a gain or loss that needs to be taxed or if you can deduct losses.
Form 2439 – Notice to Shareholder of Undistributed Long-Term Capital Gains
Form 2439 is an IRS form that informs shareholders of regulated investment companies (like mutual funds) about their share of long-term capital gains that the company has not distributed directly to them. This form is crucial for accurately reporting your tax liability.
Form 990-PF – Return of Private Foundation
Form 990-PF is the annual tax return that private foundations must file with the IRS, detailing their financial activities and charitable efforts. It's a key part of keeping these foundations accountable.
Form 8826 – Disabled Access Credit
Form 8826, the Disabled Access Credit, helps small businesses offset costs associated with making their facilities accessible to individuals with disabilities. It's designed to encourage inclusivity by reducing the financial burden of necessary modifications.
Form 4562 – Depreciation and Amortization (mentioned earlier under multiple categories)
Form 4562 is used to claim deductions for depreciation and amortization of business assets, which can lower your taxable income. This form is crucial for business owners and self-employed individuals who own property or equipment.
Form 656-L – Offer in Compromise (Doubt as to Liability)
Form 656-L is used when you believe you don't actually owe the IRS the tax they say you do. This can be a way to resolve tax debt based on a dispute, rather than financial hardship.
Form 656 – Offer in Compromise
Form 656, the Offer in Compromise (OIC) application, allows certain taxpayers to potentially resolve their tax debt with the IRS for a lower amount than they originally owe. It's a potential lifeline for taxpayers struggling with significant tax burdens.
Form 8919 – Uncollected Social Security and Medicare Tax on Wages
Form 8919 is used by individuals who believe they were incorrectly classified as independent contractors and therefore had Social Security and Medicare taxes that were not withheld from their pay. This form helps them calculate and pay these taxes.
Form 8857 – Request for Innocent Spouse Relief (noted earlier under taxpayer relief forms)
Form 8857 is used to request relief from tax obligations when your spouse or former spouse made errors on a joint tax return and you weren't aware of the errors. If approved, you may not be held liable for those tax issues.
Form 843 – Claim for Refund and Request for Abatement (previously listed under relief forms)
Form 843 is an IRS document used to request a refund of overpaid taxes or to seek a reduction (abatement) of penalties, interest, or certain taxes. It's your official way to tell the IRS you think you paid too much or shouldn't owe as much.