Form 1099-LTC – Long-Term Care and Accelerated Death Benefits (cross-referenced under retirement forms)
Form 1099-LTC is used to report payments made from long-term care insurance contracts or accelerated death benefits from life insurance policies. Understanding this form is important for accurate tax filing.
Form 8823 – Low-Income Housing Credit Agencies Report of Noncompliance
Form 8823, "Low-Income Housing Credit Agencies Report of Noncompliance," is used by state and local housing agencies to report instances where a low-income housing project isn't following the rules of the Low-Income Housing Tax Credit program. This form is crucial for maintaining the integrity of this important affordable housing initiative.
Form 8865-B – Schedule B for Foreign Partnership Reporting
Form 8865-B, Schedule B, is a critical IRS form used by U.S. persons who are partners in a foreign partnership to report income and other transactions. Understanding this schedule is crucial for maintaining tax compliance and avoiding penalties.
Form 926 – Return by a U.S. Transferor of Property to a Foreign Corporation
Form 926 is an IRS form used by U.S. persons to report the transfer of property to a foreign corporation. It's crucial for ensuring compliance when dealing with international business transactions.
Form 8621-A – Return of Distributions and Disposition of Stock in a Passive Foreign Investment Company
Form 8621-A is an IRS tax form used to report distributions and sales of stock in a Passive Foreign Investment Company (PFIC). Understanding this form is essential for Americans who invest overseas.
Form 8912 – Credit to Holders of Tax Credit Bonds
Form 8912 is used by holders of certain tax credit bonds to claim a tax credit on their federal income tax return. This form essentially helps people who invest in certain types of bonds get a little break on their taxes.
Form 8862 – Information to Claim Certain Credits After Disallowance
Form 8862 is an IRS form you might need if you've previously been denied certain tax credits and are now eligible to claim them again. It's essentially your chance to reapply and explain why you now qualify.
Form 4563 – Exclusion of Income for Bona Fide Residents of American Samoa
Form 4563 allows qualifying residents of American Samoa to exclude certain income from their U.S. federal income taxes. It helps avoid double taxation for those who live and work in American Samoa.
Form 8884 – New York Liberty Zone Business Employee Credit
Form 8884 is used by businesses that operate in the New York Liberty Zone to claim a tax credit for employing workers there. This credit can help reduce a business's tax liability.
Form 6765 – Credit for Increasing Research Activities
Form 6765 is the IRS document used to claim the research and development (R&D) tax credit, which can significantly reduce the tax burden for businesses investing in innovation. Understanding this form is key to unlocking potential tax savings.