Form 5500-SF – Short Form Annual Return/Report of Small Employee Benefit Plan
Form 5500-SF is a simplified annual report for small businesses that offer employee benefit plans, like retirement plans. It's a way to keep the government informed about these plans.
Form 5500 – Annual Return/Report of Employee Benefit Plan
Form 5500 is an annual report that employee benefit plans must file with the IRS and the Department of Labor. It provides detailed information about a plan’s financial condition and operations.
Form 5300 – Application for Determination for Employee Benefit Plan
Form 5300 is used by employers to request the IRS determine if their retirement plan meets tax-qualification standards. This is important to ensure the plan receives favorable tax treatment.
Form 3520-A – Annual Information Return of Foreign Trust With a U.S. Owner
Form 3520-A is an IRS form used to report information about foreign trusts that have a U.S. owner. It ensures the IRS is aware of assets held overseas and helps enforce tax compliance.
Form 5227 – Split-Interest Trust Information Return (previously noted under trusts)
Form 5227 is an information return used by split-interest trusts to report their financial activities to the IRS. Understanding it is crucial for those involved in these types of trusts.
Form 8879 – IRS e-file Signature Authorization
Form 8879 is the IRS document that allows a tax professional to electronically file your tax return on your behalf, acting as your signature when you're not submitting the return directly. It’s a critical part of the e-filing process when you use a tax preparer.
Form 8453 – U.S. Individual Income Tax Transmittal for an IRS e-file Return
Form 8453 is a transmittal form you might need when e-filing your taxes; it's basically a cover sheet for certain documents you can't submit electronically. It helps the IRS verify your identity and the details of your return.
Form 8867 – Paid Preparer’s Due Diligence Checklist
Form 8867 is a checklist that tax preparers must use to ensure they've done their due diligence before filing a tax return, particularly for certain credits and deductions. This form helps protect both taxpayers and the IRS from fraud and errors.
Form 433-D – Installment Agreement
Form 433-D is used to request an installment agreement with the IRS to pay off your tax debt over time instead of in one lump sum. It's a critical tool for taxpayers who can't afford to pay their taxes in full immediately.
Form 9465 – Installment Agreement Request
Form 9465 is how you ask the IRS to let you pay your tax bill in monthly installments rather than all at once. It's a crucial tool for taxpayers who can't afford to pay their full tax liability immediately.