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.
Form 2350 – Application for Extension of Time to File U.S. Income Tax Return (for taxpayers abroad)
Form 2350 is a special IRS form that allows U.S. citizens and residents living abroad to get an automatic extension on filing their U.S. federal income tax return. It helps manage tax deadlines while navigating international living.
Form 4868 – Application for Automatic Extension of Time to File U.S. Individual Income Tax Return
Form 4868 is used to request an automatic extension of time to file your individual federal income tax return. It gives you extra time, but doesn’t extend the deadline for paying any taxes due.
Form 5305-SIMPLE – Savings Incentive Match Plan for Employees
Form 5305-SIMPLE is the official IRS document used to set up a SIMPLE IRA plan, a retirement savings option for small businesses and their employees. It's a streamlined approach to retirement planning.