Resources

Election by a Small Business Corporation

Form 2553 is used by qualifying small business corporations and limited liability companies to make the election prescribed by Sec. 1362.

Mortgage Interest Statement

If you hold a mortgage credit certificate and can claim the mortgage interest credit, see Form 8396. If the interest was paid on a mortgage, home equity loan, or line of credit secured by a qualified residence, you can only deduct the interest paid on acquisition indebtedness, and you may be subject to a deduction limitation.

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

If you can’t complete your federal tax return by the deadline, find out how and when to file an IRS extension and push your deadline back to October 15th.

Application for Extension of Time To File an Exempt Organization Return

Form 8868 is used by an exempt organization to request an automatic 6-month extension of time to file its return. Also, the trustee of a trust required to file Form 1041-A or Form 5227 must use Form 8868 to request an extension of time to file those returns.

Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns

Use Form 7004 to request an automatic 6-month extension of time to file certain business income tax, information, and other returns.

Use Form W-9 to provide your correct Taxpayer Identification Number (TIN) to the person who is required to file an information return with the IRS to report, for example: Income paid to you. Real estate transactions. Mortgage interest you paid (calculate APR Mortgage Calculator).

The Schedule D form is what most people use to report capital gains and losses that result from the sale or trade of certain property during the year.

Schedule B reports the interest and dividend income you receive during the tax year. However, you don’t need to attach a Schedule B every year.

Use Schedule C (Form 1040) to report income or (loss) from a business you operated or a profession you practiced as a sole proprietor.

Use Schedule A (Form 1040 or 1040-SR) 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.