Form Flash Cards

Form 1040X

Amended Tax Return

form 114

FBAR must be filed with the fincen

Form 1040

Individual Tax Return

Form 1099-LTC

Long-Term Care and Accelerated Death Benefits

Schedule EIC

Earned Income Credit After you have figured your earned income credit (EIC), use Schedule EIC (Form 1040) to give the IRS information about your qualifying child(ren).

Form 8863

Education Credits (American Opportunity and Lifetime Learning Credits) Use Form 8863 to figure and claim your education credits, which are based on qualified education expenses paid to an eligible postsecondary educational institution. There are two education credits. The American Opportunity Credit, part of which may be refundable. The Lifetime Learning Credit, which is nonrefundable.

Form 2106

Employee Business Expenses was a tax form distributed by the Internal Revenue Service (IRS) used by employees to deduct ordinary and necessary expenses related to their jobs. Ordinary expenses were generally considered common and accepted in a particular line of business, while necessary expenses are those that are helpful in conducting business. As of tax year 2018, unreimbursed employee business expenses can no longer be claimed for a tax deduction. That means both Form 2106 and 2106-EZ can no longer be used. According to the IRS, only the following taxpayers could use Form 2106: Armed Forces reservists Qualified performing artists Fee-basis state or local government officials Employees with impairment-related work expenses

Form 2848

Power of Attorney and Declaration of Representative Use Form 2848 to authorize an individual to represent you before the IRS. The individual you authorize must be a person eligible to practice before the IRS. You may authorize a student who works in a qualified Low Income Taxpayer Clinic (LITC) or Student Tax Clinic Program (STCP) to represent you under a special appearance authorization issued by the Taxpayer Advocate Service. Your authorization of a qualifying representative will also allow that individual to receive and inspect your confidential tax information.

Form 1099-B

Proceeds From Broker and Barter Exchange Transactions

Schedule F

Profit or Loss From Farming

Schedule C

Profit or Loss from Business (Sole Proprietorship) Use this schedule to report income or loss from a business you operated or a profession you practiced as a sole proprietor. An activity qualifies as a business if: your primary purpose for engaging in the activity is for income or profit, and you are involved in the activity with continuity and regularity.

Form 982

Reduction of Tax Attributes Due to Discharge of Indebtedness (And Section 1082 Basis Adjustment)

Form 8275-R

Regulation Disclosure Statement Taxpayers and tax return preparers use this form to disclose positions taken on a tax return that are contrary to Treasury regulations.

Form 1099 A

Acquisition or Abandonment of Secured Property

Form 8822

Change of Address Use Form 8822 to notify the Internal Revenue Service of a change to your home mailing address.

Form 5498-QA

ABLE Account Contribution Information Any State or its agency or instrumentality that establishes and maintains a qualified ABLE program must file this form with the IRS, for each ABLE account. which are tax-advantaged savings accounts for individuals with disabilities and their families,

Schedule 1

Additional Income and Adjustments to income If you received a taxable refund, have additional income from the sale of investments (capital gains or losses), have income from self-employment, income from the rental of real estate or received unemployment compensation, then you'll need to report those sources of income on this form. If you received income from self-employment and have deductions for business related expenses, then you'll need to use Schedule C to calculate your net income from self-employment. If you have realized capital gains from investment sales (or capital gains distributions from mutual funds) then you'll also need to complete Schedule D and report your net gains (or losses) on Schedule 1. If you need to report income from rental real estate, or income from royalties or partnerships, you'll also need to complete and attach Schedule E (Supplemental Income and Loss). You also need to use Schedule 1 if you're claiming additional adjustments to income such as contributions to IRAs, Health Savings Accounts, interest paid on student loans or educator expenses.

Form 5329

Additional Taxes on Qualified Plans (including IRAs) and Other Tax-Favored Accounts Use Form 5329 to report additional taxes on IRAs, other qualified retirement plans, modified endowment contracts, Coverdell ESAs, QTPs, Archer MSAs, or HSAs.

Form 8888

Allocation of Refund (Including Savings Bond Purchases) Use this form to directly deposit your refund (or part of it) to one or more accounts at a bank or other financial institution (such as a mutual fund, brokerage firm, or credit union) in the United States. This form can also be used to buy up to $5,000 in paper series I savings bonds with your refund.

Form 6251

Alternative Minimum Tax - Individuals Use Form 6251 to figure the amount, if any, of your alternative minimum tax (AMT). The AMT applies to taxpayers who have certain types of income that receive favorable treatment, or who qualify for certain deductions, under the tax law. These tax benefits can significantly reduce the regular tax of some taxpayers with higher economic incomes. The AMT sets a limit on the amount these benefits can be used to reduce total tax.

Form 1099-CAP

Changes in Corporate Control and Capital Structure

Form 4868

Application for Automatic Extension of Time to File U.S. Individual Income Tax Return

Form W-7

Application for IRS Individual Taxpayer Identification Number Use this form to apply for an IRS individual taxpayer identification number (ITIN). You can also use this form to renew an existing ITIN that is expiring or that has already expired. An ITIN is a nine-digit number issued by the U.S. Internal Revenue Service (IRS) to individuals who are required for U.S. federal tax purposes to have a U.S. taxpayer identification number but who do not have and are not eligible to get a social security number (SSN).

FormW-7A

Application for Taxpayer Identification Number for Pending U.S. Adoptions Use this form to apply for an Internal Revenue Service (IRS) adoption taxpayer identification number (ATIN) for a child who is placed in your home for purposes of legal adoption. Do not use this form if you will be able to obtain a social security number (SSN) for the child in time to file your tax return. Use Form W-7, Application for IRS Individual Taxpayer Identification Number, if the child is not a U.S. citizen or resident alien.

If you did not have a tax liability in the previous year are you required to make estimated payments

Because there was no previous tax liability from the prior year, it is not required to make estimated payments. You do not have to pay estimated tax for the current year if you were a U.S. citizen or resident alien for all of the prior year and you had no tax liability for the full 12-month prior tax year. You also do not have to pay estimated tax for the current year if you had no tax liability for the prior year because your total tax was zero or you did not have to file an income tax return.

Form 1099-C

Cancellation of Debt

Form 4684

Casualties and Thefts Attach this form to your tax return to report gains and losses from casualties and thefts.

Form 1099-G

Certain Government Payments

Form 8812

Child Tax Credit Use Part I of Schedule 8812 (Form 1040) to document that any child for whom you entered an ITIN and for whom you also checked the "if qualifying child for child tax credit" box, is a resident of the United States because the child meets the substantial presence test and is not otherwise treated as a nonresident alien. Use Parts II-IV of Schedule 8812 to figure the additional child tax credit. The additional child tax credit may give you a refund even if you do not owe any tax.

Form 2441

Child and Dependent Care Expenses If you paid someone to care for your child or other qualifying person so you (and your spouse if filing jointly) could work or look for work, you may be able to take the credit for child and dependent care expenses.

Form 5498-ESA

Coverdell ESA Contribution Information File this form for each person for whom you maintained any Coverdell education savings account (ESA).

Form 8880

Credit for Qualified Retirement Savings Contributions Use Form 8880 to figure the amount, if any, of your retirement savings contributions credit (also known as the saver's credit).

Form 4562

Depreciation and Amortization (Including Information on Listed Property) to: Claim your deduction for depreciation and amortization. Make the election under section 179 to expense certain property. Provide information on the business/investment use of automobiles and other listed property.

Form 8275

Disclosure Statement Taxpayers and tax return preparers use this form to disclose items or positions that are not otherwise adequately disclosed on a tax return to avoid certain penalties.

Form 1099R

Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.

Form 1099-SA

Distributions From an HSA, Archer MSA, or Medicare Advantage MSA

Form 1099-DIV

Dividends and Distributions

Form 8829

Expenses for Business Use of Your Home Use this form to figure the allowable expenses for business use of your home on Schedule C (Form 1040) and any carryover to next year of amounts not deductible this year.

Schedule 5

Folks who use this schedule will use it to claim additional refundable tax credits (other than the earned income credit, American opportunity credit, or the additional child tax credit), such as the net premium tax credit, excess Social Security tax withheld, and the credit for federal tax on fuels. You'll also use Schedule 5 to report the estimated tax payments you made for 2018 and the portion of any 2017 tax refund that you applied to your 2018 tax. Finally, if you file an extension, you'll use this schedule to report the amount of tax you paid with your request for extension to file.

Form 1116

Foreign Tax Credit to claim the foreign tax credit if you are an individual, estate, or trust, and you paid or accrued certain foreign taxes to a foreign country or U.S. possession. ... Comment on Form 1116.

Foreign Person's US Source Income Subject to Withholding

Form 1042S

This form is rarely needed. You only need to do a Multiple Support Declaration if you are claiming someone other than a qualifying child as a dependent and there are two or more people including yourself who provide support for the dependent.

Form 2120

a claim for refund must be filed

Generally, you must file your claim for a credit or refund within 3 years after the date for filing your original return or within 2 years after the date you paid the tax, whichever is later. Returns filed before the due date (without regard to extensions) are considered filed on the due date.

Form 5498-SA

HSA, Archer MSA, or Medicare Advantage MSA Information If you are the trustee or custodian of a Health Savings Account (HSA), Archer Medical Savings Account (Archer MSA), or Medicare Advantage MSA (MA MSA) file this form for each person for whom you maintained an HSA, Archer MSA, or MA MSA. A separate form is required for each type of plan.

Form 1099-H

Health Coverage Tax Credit (HCTC) Advance Payments

Form 8889

Health Savings Accounts (HSAs) File Form 8889 to: Report health savings account (HSA) contributions (including those made on your behalf and employer contributions). Figure your HSA deduction. Report distributions from HSAs. Figure amounts you must include in income and additional tax you may owe if you fail to be an eligible individual.

Schedule H

Household Employment Taxes Use this schedule to report household employment taxes if you paid cash wages to a household employee and the wages were subject to social security, Medicare, or FUTA taxes, or if you withheld federal income tax.

Form 5498

IRA Contribution Information (Info Copy Only) File this form for each person for whom you maintained any individual retirement arrangement (IRA), including a deemed IRA under section 408(q)

Form 8862

Information To Claim Earned Income Credits After Disallowance Taxpayers complete Form 8862 and attach it to their tax return if: Their Earned Income Credit (EIC), child tax credit (CTC)/additional child tax credit (ACTC) or American opportunity credit (AOTC) was reduced or disallowed for any reason other than a math or clerical error. They want to take the credit(s) and meet all the requirements.

Form 8379

Injured Spouse Allocation The injured spouse on a jointly filed tax return files Form 8379 to get back their share of the joint refund when the joint overpayment is applied to a past-due obligation of the other spouse.

Form 9465

Installment Agreement Request Use Form 9465 to request a monthly installment plan if you cannot pay the full amount you owe shown on your tax return (or on a notice we sent you).

Form 1099-INT

Interest Income

Schedule B

Interest and Ordinary Dividends Use Schedule B (Form 1040) if any of the following applies: You had over $1,500 of taxable interest or ordinary dividends. You received interest from a seller-financed mortgage and the buyer used the property as a personal residence. You have accrued interest from a bond. You are reporting original issue discount (OID) in an amount less than the amount shown on Form 1099-OID. You are reducing your interest income on a bond by the amount of amortizable bond premium. You are claiming the exclusion of interest from series EE or I U.S. savings bonds issued after 1989. You received interest or ordinary dividends as a nominee. You had a financial interest in, or signature authority over, a financial account in a foreign country or you received a distribution from, or were a grantor of, or transferor to, a foreign trust. Part III of the schedule has questions about foreign accounts and trusts.

Schedule A

Itemized Deduction Use Schedule A (Form 1040) to figure your itemized deductions. In most cases, your federal income tax will be less if you take the larger of your itemized deductions or your standard deduction.

Form 8582

Passive Activity Loss Limitations Noncorporate taxpayers use Form 8582 to: Figure the amount of any passive activity loss (PAL) for the current tax year. Report the application of prior year unallowed PALs.

Form 8824

Like-Kind Exchanges Use Parts I, II, and III of Form 8824 to report each exchange of business or investment property for property of a like kind. Certain members of the executive branch of the Federal Government and judicial officers of the Federal Government use Part IV to elect to defer gain on conflict-of-interest sales.

Form 1099-K

Merchant Card and Third Party Network Payments

Form 1099-MISC

Miscellaneous Income

Form 1098

Mortgage Interest Statement

Form 3903

Moving Expenses Use this form to figure your moving expense deduction for a move related to the start of work at a new principal place of work (workplace). If the new workplace is outside the United States or its possessions, you must be a U.S. citizen or resident alien to deduct your expenses.

Form 1099-Q

Payments From Qualified Education Programs (Under Sections 529 and 530)

Schedule 3

Non refundable Credits offers a way for taxpayers to save money on their taxes by taking advantage of certain tax credits This is for tax filers claiming nonrefundable tax credits, which includes the credit for retirement savings (calculated using Form 8880), credits for education costs you paid (using Form 8863), credit for foreign taxes paid (Form 1116) and the credit for residential energy equipment and home improvements (Form 5695).

Form 8283

Noncash Charitable Contributions Individuals, partnerships, and corporations file Form 8283 to report information about noncash charitable contributions when the amount of their deduction for all noncash gifts is more than $500.

Form 8606

Nondeductible IRAs Use Form 8606 to report: Nondeductible contributions you made to traditional IRAs. Distributions from traditional, SEP, or SIMPLE IRAs, if you have ever made nondeductible contributions to traditional IRAs. Conversions from traditional, SEP, or SIMPLE IRAs to Roth IRAs. Distributions from Roth IRAs.

Form 1099-OID

Original Issue Discount

Schedule 4

Other Taxes You'll use this schedule to list and total all other taxes that may apply to your situation, which would include the self-employment tax (use Schedule SE to calculate this), uncollected Social Security or Medicare taxes (use Forms 4137 and 8919) and additional penalty taxes owed on IRA withdrawals (Form 5329.)

Schedule K-1

Partner's Share of Income, Deductions, Credits, etc. The partnership files a copy of this schedule with the IRS to report your share of the partnership's income, deductions, credits, etc.

Form 8332

Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent If you are the custodial parent, you can use this form to do the following: Release a claim to exemption for your child so that the noncustodial parent can claim an exemption for the child. Revoke a previous release of claim to exemption for your child.

Form 5405

Repayment of the First-Time Homebuyer Credit Use this form to: Notify the IRS that the home for which you claimed the credit was disposed of or ceased to be your main home. Figure the amount of the credit you must repay with your tax return.

Form 8857

Request for Innocent Spouse Relief Taxpayers file Form 8857 to request relief from tax liability, plus related penalties and interest, when they believe only their spouse or former spouse should be held responsible for all or part of the tax.

Form 4506-T

Request for Transcript of Tax Return used to: order a transcript or other return information free of charge, or designate a third party to receive the information.

Form 5695

Residential Energy Credits Use Form 5695 to figure and take your residential energy credits. The residential energy credits are: The nonbusiness energy property credit, and The residential energy efficient property credit.

Form SSA-1042S

SS Benefit Statement

Form SSA-1099

SS Benefit statement

Form 4797

Sales of Business Property to report: The sale or exchange of property. The involuntary conversion of property and capital assets. The disposition of noncapital assets. The disposition of capital assets not reported on Schedule D. The gain or loss for partners and S corporation shareholders from certain section 179 property dispositions by partnerships and S corporations. The computation of recapture amounts under sections 179 and 280F(b)(2) when the business use of section 179 or listed property decreases to 50% or less. Gains or losses treated as ordinary gains or losses, if you are a trader in securities or commodities and made a mark-to-market election under Internal Revenue Code section 475(f).

Capital Gains and Losses Use Schedule D (Form 1040) to report the following. The sale or exchange of a capital asset not reported on another form or schedule. Gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit. Capital gain distributions not reported directly on Form 1040 (or effectively connected capital gain distributions not reported directly on Form 1040-NR). Nonbusiness bad debts.

Schedule D

Schedule SE

Self-Employment Tax Use Schedule SE (Form 1040) to figure the tax due on net earnings from self-employment. The Social Security Administration uses the information from Schedule SE to figure your benefits under the social security program. This tax applies no matter how old you are and even if you are already getting social security or Medicare benefits.

Form 4137

Social Security and Medicare Tax On Unreported Tip Income Use this form only to figure the social security and Medicare tax owed on tips you did not report to your employer, including any allocated tips shown on your Form(s) W-2 that you must report as income.

Form 1098-E

Student Loan Interest Statement

Form 4852

Substitute for Form W-2, Wage and Tax Statement, or Form 1099R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRA's Insurance Contracts, Etc. This form serves as a substitute for Forms W-2, W-2c, and 1099-R and is completed by taxpayers or their representatives when: Their employer or payer does not give them a Form W-2 or Form 1099-R, or An employer or payer has issued an incorrect Form W-2 or Form 1099-R.

Schedule E

Supplemental Income and Loss Use this Schedule E (Form 1040) to report income or loss from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs.

1040 NR EZ

TP using this form cannot claim dependents, exemptions for spouse, tax credits,itemized deductions other than for state and local income taxes, adj to income other than exclusions for scholarships and fellowships grants

Form 1099-PATR

Taxable Distributions Received From Cooperatives

Filing status on form 1040NR

The only filing status options available to nonresidents from most countries (except Canada, Mexico and South Korea) are Single, or Married Nonresident Alien Filing Separately. A resident of Canada, Mexico, South Korea, or a U.S. national may file as a Qualifying widow(er) if certain requirements are met. A taxpayer that is a nonresident alien at any time during the tax year cannot file as head of household.

Form 1098-T

Tuition Statement to help figure education credits (and potentially, the tuition and fees deduction) for qualified tuition and related expenses paid during the tax year.

Form 8917

Tuition and Fees Deduction Use Form 8917 to figure and take the deduction for tuition and fees expenses paid

Form 8453

U.S. Individual Income Tax Transmittal for an IRS e-file Return Use this form to send any required paper forms or supporting documentation listed next to the checkboxes on the front of the form (do not send Forms W-2, W-2G, or 1099-R).

Form 8919

Uncollected Social Security and Medicare Tax on Wages Use this form to figure and report your share of the uncollected social security and Medicare taxes due on your compensation if you were an employee but were treated as an independent contractor by your employer

Form 6252

Use this form to report income from an installment sale on the installment method. Generally, an installment sale is a disposition of property where at least one payment is received after the end of the tax year in which the disposition occurs.

When must a TP pay back the first time homebuyers credit if claimed in 2008?

gets paid back of 15 years in equal increments of 6.67% if: TP sold the home (this includes foreclosure) TP converted entire home into business or rental property TP Abandoned the home (except if sold or foreclosed) Home was destroyed, condemned or disposed of under threat of condemnation TP who paid the credit died

Schedule 2

provides lines for reporting alternative minimum tax, or AMT, and repayment of excess premium tax credit. if you had to pay additional taxes such as the Alternative Minimum Tax, or taxes on other forms of income, such as a child's unearned income from investments, then you'll need to complete this schedule. If you owe the Alternative Minimum Tax, you'll need to use Form 6251 to calculate that special tax, which is then listed on line 45 of the Schedule 2.

Form RRB-1099R

tax statement enclosed is issued by the U.S. Railroad Retirement Board (RRB) and represents payments made to you in the tax year indicated on the statement.

Form RRB-1042S

tax statement is issued by the U.S. Railroad Retirement Board (RRB) and represents payments made to you in the tax year indicated on the statement.

Form RRB-1099

tax statement is issued by the U.S. Railroad Retirement Board (RRB) and represents payments made to you in the tax year indicated on the statement.