Form 8891 U.S. Information Return for Beneficiaries of Certain Canadian Registered Retirement Plans **Form 8891 was discontinued by the IRS for tax years beginning Jan.1, 2015 and later. Taxpayers are no longer required...
Form 8948 – Preparer Explanation for Not Filing Electronically Form 8948 is to be used by specified tax return preparers to explain which exception applies when a tax return is...
Foreign Employer Compensation (FEC) When income is reported by a foreign employer on a form other than a Form W-2 or 1099-R (both of...
Vehicle Expenses – Inputting Actual Expenses If you use your car for business purposes, you ordinarily can deduct expenses related to the car or truck. Actual expenses...
Form 1040 – Schedule F Taxpayers should use Form 1040, Schedule F to report income and expenses from a farming activity as a self-employed farmer. Net profits...
Working in a Tax Return Select the Tax Returns Menu from the Main Menu of the program. This screen will provide you the option to create a...
Form 8888 – Allocation of Refund Into Multiple Accounts If You Are E-Filing the Tax Return From the Main Menu of the Tax Return (Form 1040) select: Mark the...
Form 8824 – Like-Kind Exchanges The exchange of property for the same kind of property is the most common type of nontaxable exchange. To be...
Filing and Income Threshold Exemptions Household Income Below Filing Threshold A taxpayer is exempt from the requirement to have minimum essential health care coverage and...
1099-SA – Distributions from an HSA, Archer MSA, or Medicare Advantage MSA Form 1099-SA is provided to a taxpayer that has received certain distributions from a Health Savings Account, Archer Medical Savings...