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.
Form 720-TO – Terminal Operator Report
Form 720-TO, also known as the Terminal Operator Report, is an IRS form used by terminal operators to report the removal of taxable fuel from a terminal. This form is a key component of federal excise tax compliance.
Form 720-CS – Carrier Summary Report (previously listed under excise tax)
Form 720-CS, the Carrier Summary Report, is an IRS form used to report certain fuel excise tax liabilities by carriers, especially those involved in air or sea transportation. It's crucial for those dealing with taxable fuel to understand this form to remain compliant.
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 plans and tax-exempt organizations. It's crucial for ensuring compliance with IRS rules regarding these entities.
Form 1099-CAP – Changes in Corporate Control and Capital Structure
Form 1099-CAP reports significant changes in corporate ownership or structure. Understanding it is crucial for shareholders when these changes occur.
Form 1120-SF – Settlement Funds Return
Form 1120-SF is a tax return used by settlement funds to report their income and deductions to the IRS. It's essential for these funds to understand their obligations under tax law.
Form 2553 – Election by a Small Business Corporation
Form 2553 is the IRS document that a small business uses to elect to be taxed as an S corporation. This election can have significant tax implications for business owners.
Form 8838-P – Notice of Consent to Extend the Time for Assessment of Taxes Related to a Partnership or S Corporation
Form 8838-P is an IRS document used to extend the period the IRS has to assess taxes related to a partnership or S corporation. It’s basically a time extension agreement between the IRS and the business owners.