Form 8853 – Archer MSAs and Long-Term Care Insurance Contracts
Form 8853 is used to report tax information related to Archer Medical Savings Accounts (MSAs) and certain long-term care insurance contracts. This form helps determine deductions or income related to these specific healthcare-related financial tools.
Form 1099-SA – Distributions From an HSA, Archer MSA, or Medicare Advantage MSA
Form 1099-SA reports money taken out of a Health Savings Account (HSA), Archer Medical Savings Account (MSA), or Medicare Advantage MSA. Understanding this form is key to properly managing these accounts and avoiding tax issues.
Form 8889 – Health Savings Accounts (HSAs)
Form 8889 is the IRS tax form you use to report your Health Savings Account (HSA) contributions, deductions, and distributions. Understanding this form is key to correctly using your HSA and getting the most out of its tax advantages.
Form 6781 – Gains and Losses From Section 1256 Contracts and Straddles
Form 6781 is used to report gains and losses from specific types of contracts and investment strategies called Section 1256 contracts and straddles. Understanding this form is crucial for certain types of investors to accurately file their taxes.
Form 2439 – Notice to Shareholder of Undistributed Long-Term Capital Gains
Form 2439 is an IRS document that informs you about long-term capital gains that a regulated investment company (like a mutual fund) or a real estate investment trust (REIT) earned but didn't distribute to you directly. It's important to know about this form because you still owe taxes on these gains, even if you didn't receive the cash.
Schedule D (Form 1040) – Capital Gains and Losses
Schedule D (Form 1040) is the IRS tax form you use to report capital gains and losses from the sale of assets like stocks, bonds, and real estate. Understanding Schedule D is crucial for accurately filing your taxes.
Form 8949 – Sales and Other Dispositions of Capital Assets
Form 8949 is used to report the details of your capital asset sales, helping you determine your capital gains or losses for the year. This is a crucial step for accurate tax filing when you've sold investments or property.
Form SS-5 – Application for a Social Security Card
Form SS-5 is the official application to request a Social Security card. It is vital for getting a Social Security number (SSN) or correcting or replacing an existing card.
Form W-7 – Application for IRS Individual Taxpayer Identification Number
Form W-7 is used to apply for an Individual Taxpayer Identification Number (ITIN), which is a tax processing number used by the IRS for tax purposes. This form is crucial for non-residents and foreign nationals who have U.S. tax obligations.
Form 4797 – Sales of Business Property (common in farm-related transactions)
Form 4797 is an IRS tax form used to report gains or losses from the sale or exchange of business property, including assets used in farming. It's crucial for calculating your tax liability from these transactions.