Schedule K-1 (Form 1120-S) What is an 1120-S Form 2023 - 2024 Income Tax Return for an S Corporation (shortly Form 1120-S) is a federal tax form by the IRS that is used for reporting your S corporation income, deductions, gains, losses, credits, and other financial facts of the bus

Form 1041-N What Is Form 1041-N For? Form 1041-N, also known as the U.S. Income Tax Return for Electing Alaska Native Settlement Trusts, is designated for a very specific purpose. It is utilized by electing Alaska Native Settlement Trusts to report the income, deduct

Schedule I Form 1120-F What is Form 1120-F Schedule I? Form 1120-F Schedule I is an essential document for foreign corporations engaged in business within the United States, specifically those that need to allocate interest expense to effectively connected income (ECI). Require

Form 720 What Is Form 720? The IRS 720 Form, or Quarterly Federal Excise Tax Return, is a document used each quarter to report and pay your federal excise tax. You have to file Form 720 if you run a small business subject to excise tax such as fishing equipment, g

Form 1120-RIC (2022) What Is 1120-RIC Form The IRS form 1120-RIC, also known as "U.S. Income Tax Return for Regulated Investment Companies," is a specialized tax document used by regulated investment companies (RIC) to report their income, gains, lo

Form 8752 What Is Form 8752? Also called Required Payment or Refund Under Section 7519, the IRS Form 8752 is a document utilized by corporations to correct their estimated tax payments. The doc functions as a tax calculator for businesses and assis

Form 1041 (Schedule J) What is Form 1041 Schedule J IRS Form 1041 Schedule J reports income distributions made by an estate or trust during the tax year to its beneficiaries. The schedule details the beneficiaries, the income distribution classification (such as capital gains,

Form 1041-T What Is Form 1041-T Fiduciaries use IRS Form 1041-T to allocate payments between estimated taxes and extensions for Form 1041, the income tax return for estates and trusts. This form helps trustees and estate executors designate how payments should be app

Form 5472 What is Form 5472? It's a requirement for 25% foreign-owned U.S. corporations or foreign corporations engaged in a U.S. trade or business. The form is used to report certain transactions between the reporting corporation and foreign or domestic relate

Form 1120-PC What Is the IRS Form 1120-PC? The IRS Form 1120-PC, often called the 1120 PC Form, is a U.S. corporate tax return form insurance companies use to report their income, gains, losses, deductions, and credits. The IRS (Internal Revenue Service) has mandated

Schedule D Form 1041 Understanding the Schedule D Form 1041 The Schedule D form 1041 is an essential document for those dealing with estate and trust income. This form reports the capital gains and losses from these specific entities. Understanding and filling out this form c

IRS Form 1041-QFT Understanding the IRS Form 1041-QFT Form 1041-QFT comes into play when dealing with Qualified Funeral Trusts (QFTs). These are designed to allow individuals to set aside funds to cover funeral expenses in the future. The IRS Form 1041-QFT is utilized to r

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