Additional tax If you owe additional tax, you should file Form 1040X and pay the tax as soon as possible to limit interest and penalty charges.
FORBES: Batman Faces Dark Night With IRS If He Takes H&R Block's Tax Advice
You'll need an accountant to file your tax return, Form 990-PF.
Moreover, if doing away with closing loopholes goes for big businesses and small, then the small business owners who file a very different tax form than corporations do will want to see their overall tax burden lowered.
If you are not required to file an income tax return, you are still required to file Form 8606.
These business types file a separate tax return Form 1120S but generally do not pay income tax at the entity level.
FORBES: President Obama's Tax Proposal And The Fate Of The Small Business Owner
To remain in the estate tax regime, executors file the form they always filed for taxable estates: Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return.
FORBES: Tax Deadlines For 2010 Deaths? IRS Finally Issues Guidance
You claim it on Form 5696 when you file your tax return.
FORBES: Fiscal Cliff Deal Helps Homeowners Pay For Green Remodeling
It was not clear whether filing Form 4768 to extend the time to file Form 706 or pay the estate tax prevented an executor from opting out of the estate tax at a later time by filing Form 8939.
FORBES: Kinder, Gentler IRS Provides Deadline Relief For 2010 Heirs
Should employees file a new Form W-4 to adjust tax withholding?
FORBES: Fiscal Cliff, Dairy Cliff, What about the Payroll Tax Cliff?
In order to take advantage, then, estates must timely file a federal form 706, U.S. Estate Tax Return (downloads as a pdf).
FORBES: What's Mine is Yours: IRS Issues Estate Tax Portability Guidance
"Reading between the lines, it appears the IRS doesn't want people to file this form, " observes Mark Luscombe, principal federal tax analyst for tax publisher CCH, a Wolters Kluwer business.
American multinationals like Apple are charged the statutory 35% rate when they file Form 1120 with the IRS. But their effective tax rate after credits and deductions is closer to 28% currently, according to BDO.
FORBES: A Cross Country Comparison Of Corporate Income Taxes
"Reading between the lines, it appears the IRS doesn't want people to file this form, " observes Mark Luscombe, principal federal tax analyst for tax publisher CCH, a Wolters Kluwer (other-otc: WTKWY - news - people ) business.
Every June, taxpayer are required to file the FBAR (which is a form separate from an income tax return ) with the IRS. The FBAR is necessary because foreign financial institutions may not be subject to the same reporting requirements as domestic financial institutions.
To the point that they have to file a form with the IRS so that the IRS can check your tax return to see that you are indeed paying the tax on that forgiven loan.
FORBES: Links 10 Nov: Finally, An Occupy Wall Street Idea We Can All Get Behind, The Rolling Jubilee
When to file Generally, to claim a refund, you must file Form 1040X within three years from the date you filed your original tax return or within two years from the date you paid the tax, whichever is later.
FORBES: Batman Faces Dark Night With IRS If He Takes H&R Block's Tax Advice
An existing LLC or C-Corp can file an S-Corp election (Form 2553) by March 15th of the current tax year.
If you extended your tax return filing to October 15, 2012, it extends the date to file your Form 8938.
Now, the IRS has announced that estates which opt out of the federal estate tax for 2010, now will have until Tuesday, January 17, 2012, to file the mysterious form 8939 (still not available).
FORBES: IRS Issues Extension for Form Not Yet Available (Thanks?)
If you need more time, you can request an additional four month extension by filing federal form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return (downloads as a pdf) by June 15.
应用推荐