Forms Flashcards

(93 cards)

1
Q

Form 1040

A

Title: U.S. Individual Income Tax Return
Description: The primary form for individual tax returns.

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2
Q

Form 1040-C

A

Title: U.S. Departing Alien Income Tax Return
Description: Filed by aliens leaving the U.S. to report income received during the year.

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3
Q

Form 1040-ES

A

Title: Estimated Tax for Individuals
Description: Used by individuals to pay estimated taxes quarterly.

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4
Q

Form 1040-NR

A

Title: U.S. Nonresident Alien Income Tax Return
Description: For nonresident aliens to report income.

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5
Q

Form 1040-SR

A

Title: U.S. Tax Return for Seniors
Description: Simplified form for seniors (age 65 and older).

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6
Q

Form 1040-X

A

Title: Amended U.S. Individual Income Tax Return
Description: For making corrections to a previously filed 1040.

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7
Q

Form 1041

A

Title: U.S. Income Tax Return for Estates and Trusts
Description: Used by estates and trusts to report income, deductions, and distributions.

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8
Q

Form 1041-ES

A

Title: Estimated Income Tax for Estates and Trusts
Description: For paying estimated taxes on estate or trust income.

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9
Q

Form 1041-K1

A

Title: Beneficiary’s Share of Income, Deductions, Credits, etc.
Description: Reports a beneficiary’s share of income from an estate or trust.

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10
Q

Form 1065

A

Title: U.S. Return of Partnership Income
Description: Filed by partnerships to report income, deductions, and credits.

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11
Q

Form 1095-B

A

Title: Health Coverage
Description: Reports individuals with minimum essential health coverage.

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11
Q

Form 1095-A

A

Title: Health Insurance Marketplace Statement
Description: Reports coverage details from the Health Insurance Marketplace.

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11
Q

Form 1065-X

A

Title: Amended Return or Administrative Adjustment Request (AAR)
Description: Used to amend a previously filed partnership return.

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12
Q

Form 1098-C

A

Title: Contributions of Motor Vehicles, Boats, and Airplanes
Description: Reports charitable contributions of vehicles, boats, and airplanes.

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12
Q

Form 1095-C

A

Title: Employer-Provided Health Insurance Offer and Coverage
Description: Reports employer-provided health insurance coverage.

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13
Q

Form 1098

A

Title: Mortgage Interest Statement
Description: Reports mortgage interest paid by a borrower.

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14
Q

Form 1099-B

A

Title: Proceeds from Broker and Barter Exchange Transactions
Description: Reports proceeds from securities transactions.

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14
Q

Form 1098-E

A

Title: Student Loan Interest Statement
Description: Reports interest paid on student loans.

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15
Q

Form 1099-A

A

Title: Acquisition or Abandonment of Secured Property
Description: Reports information on foreclosures and abandonments.

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15
Q

Form 1098-T

A

Title: Tuition Statement
Description: Reports tuition payments and other educational expenses.

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16
Q

Form 1099-C

A

Title: Cancellation of Debt
Description: Reports cancellation of debt, which may be taxable.

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17
Q

Form 1099-DIV

A

Title: Dividends and Distributions
Description: Reports dividends and other distributions to shareholders.

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18
Q

Form 1099-G

A

Title: Certain Government Payments
Description: Reports government payments like unemployment compensation.

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19
Q

Form 1099-INT

A

Title: Interest Income
Description: Reports interest income earned.

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19
Form 1099-K
Title: Payment Card and Third Party Network Transactions Description: Reports payments from payment cards and third-party networks.
20
Form 1099-LTC
Title: Long-Term Care and Accelerated Death Benefits Description: Reports payments from long-term care insurance.
21
Form 1099-MISC
Title: Miscellaneous Income Description: Reports various types of income not covered by other 1099 forms.
21
Form 1099-NEC
Title: Nonemployee Compensation Description: Reports payments made to nonemployees.
22
Form 1099-Q
Title: Payments from Qualified Education Programs Description: Reports distributions from education savings accounts.
23
Form 1099-OID
Title: Original Issue Discount Description: Reports interest from original issue discount bonds.
24
Form 1099-S
Title: Proceeds from Real Estate Transactions Description: Reports proceeds from real estate transactions.
25
Form 1099-R
Title: Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Description: Reports distributions from retirement plans.
26
Form 1099-SA
Title: Distributions from an HSA, Archer MSA, or Medicare Advantage MSA Description: Reports distributions from health savings accounts.
27
Form 2220
Title: Underpayment of Estimated Tax by Corporations Description: Calculates penalty for underpayment of estimated tax by corporations.
27
Form 1120
Title: U.S. Corporation Income Tax Return Description: Filed by corporations to report income and deductions.
28
Form 3115
Title: Application for Change in Accounting Method Description: Filed to request a change in accounting method.
29
Form 2848
Title: Power of Attorney and Declaration of Representative Description: Grants authority to an individual to represent a taxpayer
30
Form 2553
Title: Election by a Small Business Corporation Description: Filed to elect S corporation status.
31
Form 3520
Title: Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts Description: Reports transactions with foreign trusts and receipt of foreign gifts.
32
Form 3903
Title: Moving Expenses Description: Reports moving expenses for job relocation.
33
Form 3520-A
Title: Annual Information Return of Foreign Trust With a U.S. Owner Description: Filed by foreign trusts with U.S. owners.
34
Form 4562
Title: Depreciation and Amortization Description: Reports depreciation and amortization of assets.
35
Form 4684
Title: Casualties and Thefts Description: Reports losses from casualties and thefts
36
Form 4797
Title: Sales of Business Property Description: Reports gains and losses from sales of business property.
37
Form 4952
Title: Investment Interest Expense Deduction Description: Reports investment interest expenses.
38
Form 4868
Title: Application for Automatic Extension of Time To File U.S. Individual Income Tax Return Description: Requests an extension to file individual tax returns.
39
Form 5329
Title: Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts Description: Reports additional taxes on qualified retirement plans and accounts.
40
Form 5498
Title: IRA Contribution Information Description: Reports contributions to individual retirement accounts.
40
Form 5471
Title: Information Return of U.S. Persons With Respect to Certain Foreign Corporations Description: Reports U.S. persons' interests in foreign corporations
41
Form 6251
Title: Alternative Minimum Tax—Individuals Description: Calculates the alternative minimum tax for individuals.
42
Form 706
Title: United States Estate (and Generation-Skipping Transfer) Tax Return Description: Reports estate and generation-skipping transfer taxes.
43
Form 7004
Title: Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns Description: Requests an extension to file various business tax returns.
44
Form 8027
Title: Employer's Annual Information Return of Tip Income and Allocated Tips Description: Reports tip income and allocated tips by employers.
45
Form 709
Title: United States Gift (and Generation-Skipping Transfer) Tax Return Description: Reports gift and generation-skipping transfer taxes.
46
Form 8396
Title: Mortgage Interest Credit Description: Reports mortgage interest credit.
46
Form 720
Title: Quarterly Federal Excise Tax Return Description: Reports federal excise taxes.
47
Form 8283
Title: Noncash Charitable Contributions Description: Reports noncash charitable contributions.
48
Form 8379
Title: Injured Spouse Allocation Description: Allocates tax refunds between spouses if one owes past-due amounts.
49
Form 8582
Title: Passive Activity Loss Limitations Description: Reports passive activity losses.
50
Form 8615
Title: Tax for Certain Children Who Have Unearned Income Description: Calculates tax on unearned income of certain children.
51
Form 8606
Title: Nondeductible IRAs Description: Reports nondeductible contributions to IRAs.
52
Form 8812
Title: Additional Child Tax Credit Description: Reports additional child tax credit.
53
Form 8814
Title: Parents' Election to Report Child's Interest and Dividends Description: Allows parents to report their child’s income from interest and dividends on their own tax return.
54
Form 8829
Title: Expenses for Business Use of Your Home Description: Reports expenses for business use of home.
54
Form 8815
Title: Exclusion of Interest From Series EE and I U.S. Savings Bonds Issued After 1989 Description: Used to exclude interest from Series EE and I U.S. Savings Bonds from income when used for qualified education expenses.
55
Form 8862
Title: Information to Claim Earned Income Credit After Disallowance Description: Provides information to claim the Earned Income Credit after disallowance.
56
Form 8863
Title: Education Credits (American Opportunity and Lifetime Learning Credits) Description: Reports education credits.
57
Form 8880
Title: Credit for Qualified Retirement Savings Contributions Description: Reports credit for retirement savings contributions.
58
Form 8889
Title: Health Savings Accounts (HSAs) Description: Reports contributions to and distributions from HSAs.
59
Form 8938
Title: Statement of Specified Foreign Financial Assets Description: Reports specified foreign financial assets.
59
Form 8917
Title: Tuition and Fees Deduction Description: Reports tuition and fees deduction.
60
Form 9465
Title: Installment Agreement Request Description: Requests an installment payment plan for taxes owed.
61
Form 982
Title: Reduction of Tax Attributes Due to Discharge of Indebtedness Description: Reports reduction of tax attributes due to discharge of indebtedness.
62
Form W-3
Title: Transmittal of Wage and Tax Statements Description: Transmits W-2 forms to the IRS.
63
Form W-4
Title: Employee's Withholding Certificate Description: Determines the amount of tax to withhold from an employee's paycheck.
64
Form W-7
Title: Application for IRS Individual Taxpayer Identification Number Description: Applies for an Individual Taxpayer Identification Number (ITIN).
65
Form 1116
Title: Foreign Tax Credit Description: Reports foreign tax credits
65
Form W-9
Title: Request for Taxpayer Identification Number and Certification Description: Requests a taxpayer identification number and certification.
66
Form 709
Title: United States Gift (and Generation-Skipping Transfer) Tax Return Description: Filed to report gifts and calculate the gift tax, as well as to report certain generation-skipping transfers and calculate the tax on those transfers.
67
Form 706
Title: United States Estate (and Generation-Skipping Transfer) Tax Return Description: Filed to report the estate tax liability of a decedent's estate and calculate the generation-skipping transfer tax on certain transfers.
68
Form 8300
Title: Report of Cash Payments Over $10,000 Received in a Trade or Business Description: Reports cash payments over $10,000 received in a trade or business.
68
Form 8332
Title: Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent Description: Releases or revokes the release of claim to exemption for a child by a custodial parent.
69
Form 843
Title: Claim for Refund and Request for Abatement Description: Used to claim a refund or request an abatement of certain taxes, interest, penalties, fees, and additions to tax.
70
Form 547
Title: Consent to Extend the Time to Assess the Branch Profits Tax Under Regulations Section 1.884-2(a) and (c) Description: Used by foreign corporations to extend the time for the IRS to assess branch profits tax.
71
Form 8949
Title: Sales and Other Dispositions of Capital Assets Description: Used to report sales and exchanges of capital assets, including stocks, bonds, and real estate. It helps to reconcile amounts that were reported to the IRS and to the taxpayer.
72
Form 4029
Title: Application for Exemption From Social Security and Medicare Taxes and Waiver of Benefits Description: Used by members of recognized religious groups to apply for exemption from Social Security and Medicare taxes and to waive any benefits from these programs.
73
Form 7206
Title: [There is no Form 7206. It may be a typographical error or confusion with another form. Could you please provide more context or check the form number?] For any form-related issues or questions, please refer to the official IRS website or contact the IRS directly for the most accurate and up-to-date information.
74
Form 2441
Title: Child and Dependent Care Expenses Description: Used to claim a credit for child and dependent care expenses, allowing taxpayers to report expenses for the care of a qualifying individual to enable them to work or look for work.
75
Form 8846
Title: Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips Description: Used by employers to claim a credit for the employer's portion of Social Security and Medicare taxes paid on tips received by employees.
75
Form 1045
Title: Application for Tentative Refund Description: Used by individuals, estates, and trusts to apply for a quick tax refund resulting from: Carryback of a net operating loss (NOL) Carryback of an unused general business credit Carryback of a net section 1256 contracts loss Overpayment of tax due to a claim of right adjustment under section 1341(b)(1)
76
Form 8995
Title: Qualified Business Income Deduction Simplified Computation Description: Used by taxpayers to calculate and report the qualified business income (QBI) deduction under section 199A. This form provides a simplified method for determining the QBI deduction for eligible taxpayers.
76
Form 8846
Title: Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips Description: Used by employers to claim a credit for the employer's portion of Social Security and Medicare taxes paid on tips received by employees.
77
Form 8594
Title: Asset Acquisition Statement Under Section 1060 Description: Used to report the purchase or sale of a group of assets that constitute a trade or business. It helps the IRS match buyers' and sellers' reporting of the allocation of the purchase price among the acquired assets.