Form 1045 is known as an Application for a Tentative Refund. It is created by the Department of the Treasury Internal Revenue Service. The form is widely used by trusts, estates, as well as by individuals. It is sent separately from your tax return form.
Whenever you overpay the estimated tax, you can send this form to the IRS requiring the refund. You can also use it for the assessed tax. The form is not that simple to fill, so you have to be careful indicating the numbers and dates. It is better to avoid mistakes in the document. You can check it out several times before you send it.
PDFLiner offers you quick access to the form 1045 IRS. You can complete it there right away. The form is five pages long and you have to fill it out separately from the tax reports. Thus, it is better to learn what is a 1045 tax form, when you need it, and how it works in advance.
What Do I Need the Form 1045 For?
The 1045 form IRS can be sent to the department by the individual who needs a tax refund after the NOL carryback, the general business credit turned up to be unused, the loss if 1256 section contracts or the overpay of taxes because of the right adjustment claim;
This document can be used by a trust or estate representatives in case they need to turn in the extra money they paid while paying taxes;
The IRS requires the document to make sure that those taxpayers who need refunds are getting it and it is reported in the official papers. It can be used as proof of the action.
How to Fill Out Form 1045?
You will find tax form 1045 on PDFLiner. This editor offers you to fill the document online. All you need is to enter the template and complete it by following the instructions for form 1045. It is not that hard to do, once you understand what is required from you.
The document is 5 pages long. It contains instructions. You can use tools from PDFLiner to fill sections. Once you are done, you can print it and mail it to the IRS or send the form online. Here is what you need to include in it, based on IRS form 1045 instructions:
Include your name, address, SSN, and spouse’s SSN and name;
Check out which statement for the application is more relevant in your case;
Provide the tax year you expect to receive a refund and when the tax return was filed;
Describe the current situation with the refund and whether you filed the petition to the Tax Court;
Fill in the section called Computation of Decrease in Tax. There are detailed instructions you have to read before you start filling in anything;
Put your and your spouse’s signature. Provide the date;
If you are paid preparer, you have to fill in the section under the signature as well;
Complete the schedule A-NOL based on the instructions from the IRS;
Complete the scheduled B-NOL carryover if you need it. It is two pages long and you have to calculate the numbers of casualty and theft losses, itemized deductions, and modified adjusted gross income.
Organizations That Work With Form 1045
Department of the Treasury Internal Revenue Service.
Form Versions
2020
Tax Form 1045 for 2020
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2021
Tax Form 1045 for 2021
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2022
Tax Form 1045 for 2022
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FAQ: Form 1045 Popular Questions
What is the form 1045 filing deadline?
The form 1045 filing deadline is generally the same as the deadline for filing your income tax return for the tax year for which you are requesting a refund of an overpayment of estimated tax. For most individuals, the deadline for filing an income tax return and Form 1045 is April 15 of the year following the tax year.
Can form 1045 be filed electronically?
Yes, Form 1045 can be filed electronically, or e-filed, using the Internal Revenue Service (IRS) e-file system. To e-file Form 1045, you will need to use a tax preparation software or online tax service that is approved by the IRS for electronic filing.
When can I expect my Form 1045 refund?
The Internal Revenue Service (IRS) generally processes Form 1045 refund requests within several weeks of receiving the form. However, the exact timing of your refund will depend on a number of factors, including the complexity of your request and the workload of the IRS.
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