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Tax Forms

How Does Form 8992 Work? Round-the-world Tour of Global Intangible Low-Taxed Income (GILTI)

It's not that kind of guilty, your honor. Form 8992 is an essential IRS tax form that requires U.S. shareholders of controlled foreign corporations (CFCs)…


The Business End of Form 945: Nonpayroll Payments and the Annual Return of Withheld Federal Income Tax

Gambling with nonpayroll withheld taxes? Grab form 945 instead. Form 945, Annual Return of Withheld Federal Income Tax, is a tax form used by businesses…


Form 8962 Instructions to Claim the Premium Tax Credit (PTC)

So premium tax credit is not like premium gas. Well, that's a relief. IRS Form 8962, also known as the Premium Tax Credit form, is…


The Healthy Way to Fill out the 8889 Tax Form for HSAs

With great tax benefits from HSAs come great tax forms, like the 8889 tax form. Tax benefits abound when you use pretax dollars when paying…


Reporting Sales, Capital Gains and Capital Losses With Form 8949

Think of this sheet as your score card for playing Monopoly, but with real money. When it comes to reporting sales, capital gains, and capital…


Declare Your Assets on Form 8938: What Are Specified Foreign Financial Assets and How They’re Taxed

Form 8938 is how IRS agents stop Bond villains: "Sir, you have an undisclosed villa. With a shark pool. What's the fair market value of…


It’s Not a Sequel: Form 8865, Return of U.S. Persons to With Respect to Certain Foreign Partnerships

This form is the worst James Bond movie title, but it describes so many Bond movie plots. If you're reaching for this form, you're about…


Form 8824: What Are Like-Kind Exchanges and How Do You Report 1031 Exchanges on Your Tax Return?

You can't trade houses tax-free in Monopoly, but you can in real life! Meet Form 8824. If you've ever engaged in a 1031 exchange, it's…