Automated Tax Credit - Tax Debt Resolution

Glossary

Form 8849 – Claim for Refund of Excise Taxes (cross-referenced under energy forms)

Form 8849 is how you can ask the IRS for a refund on certain excise taxes you might have overpaid. These taxes often relate to energy products and fuels.

Form 8845 – Indian Employment Credit

Form 8845, the Indian Employment Credit, is a tax form used by eligible businesses to claim a credit for wages paid to qualified Native American employees. It can help reduce your federal tax liability and encourage hiring within Indian communities.

Form 8908 – Energy Efficient Home Credit

Form 8908 is an IRS tax form used to claim a credit for making certain energy-efficient improvements to your home. This credit can help reduce your tax bill, encouraging homeowners to invest in energy savings.

Form 5884 – Work Opportunity Credit

Form 5884 is the IRS document used to claim the Work Opportunity Tax Credit (WOTC), a credit that encourages businesses to hire individuals from specific disadvantaged groups. This credit can significantly lower a business's tax bill.

Form 8854 – Initial and Annual Expatriation Statement

Form 8854, the Initial and Annual Expatriation Statement, is an IRS form that certain U.S. citizens and long-term residents must file when they give up their citizenship or residency status. This form helps the IRS understand the tax implications of this major change in status.