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Forms Flashcards

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
Q

Form 1099-K

A

Title: Payment Card and Third Party Network Transactions
Description: Reports payments from payment cards and third-party networks.

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20
Q

Form 1099-LTC

A

Title: Long-Term Care and Accelerated Death Benefits
Description: Reports payments from long-term care insurance.

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21
Q

Form 1099-MISC

A

Title: Miscellaneous Income
Description: Reports various types of income not covered by other 1099 forms.

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21
Q

Form 1099-NEC

A

Title: Nonemployee Compensation
Description: Reports payments made to nonemployees.

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22
Q

Form 1099-Q

A

Title: Payments from Qualified Education Programs
Description: Reports distributions from education savings accounts.

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23
Q

Form 1099-OID

A

Title: Original Issue Discount
Description: Reports interest from original issue discount bonds.

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24
Q

Form 1099-S

A

Title: Proceeds from Real Estate Transactions
Description: Reports proceeds from real estate transactions.

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25
Q

Form 1099-R

A

Title: Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
Description: Reports distributions from retirement plans.

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26
Q

Form 1099-SA

A

Title: Distributions from an HSA, Archer MSA, or Medicare Advantage MSA
Description: Reports distributions from health savings accounts.

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27
Q

Form 2220

A

Title: Underpayment of Estimated Tax by Corporations
Description: Calculates penalty for underpayment of estimated tax by corporations.

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27
Q

Form 1120

A

Title: U.S. Corporation Income Tax Return
Description: Filed by corporations to report income and deductions.

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28
Q

Form 3115

A

Title: Application for Change in Accounting Method
Description: Filed to request a change in accounting method.

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29
Q

Form 2848

A

Title: Power of Attorney and Declaration of Representative
Description: Grants authority to an individual to represent a taxpayer

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30
Q

Form 2553

A

Title: Election by a Small Business Corporation
Description: Filed to elect S corporation status.

31
Q

Form 3520

A

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
Q

Form 3903

A

Title: Moving Expenses
Description: Reports moving expenses for job relocation.

33
Q

Form 3520-A

A

Title: Annual Information Return of Foreign Trust With a U.S. Owner
Description: Filed by foreign trusts with U.S. owners.

34
Q

Form 4562

A

Title: Depreciation and Amortization
Description: Reports depreciation and amortization of assets.

35
Q

Form 4684

A

Title: Casualties and Thefts
Description: Reports losses from casualties and thefts

36
Q

Form 4797

A

Title: Sales of Business Property
Description: Reports gains and losses from sales of business property.

37
Q

Form 4952

A

Title: Investment Interest Expense Deduction
Description: Reports investment interest expenses.

38
Q

Form 4868

A

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
Q

Form 5329

A

Title: Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts
Description: Reports additional taxes on qualified retirement plans and accounts.

40
Q

Form 5498

A

Title: IRA Contribution Information
Description: Reports contributions to individual retirement accounts.

40
Q

Form 5471

A

Title: Information Return of U.S. Persons With Respect to Certain Foreign Corporations
Description: Reports U.S. persons’ interests in foreign corporations

41
Q

Form 6251

A

Title: Alternative Minimum Tax—Individuals
Description: Calculates the alternative minimum tax for individuals.

42
Q

Form 706

A

Title: United States Estate (and Generation-Skipping Transfer) Tax Return
Description: Reports estate and generation-skipping transfer taxes.

43
Q

Form 7004

A

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
Q

Form 8027

A

Title: Employer’s Annual Information Return of Tip Income and Allocated Tips
Description: Reports tip income and allocated tips by employers.

45
Q

Form 709

A

Title: United States Gift (and Generation-Skipping Transfer) Tax Return
Description: Reports gift and generation-skipping transfer taxes.

46
Q

Form 8396

A

Title: Mortgage Interest Credit
Description: Reports mortgage interest credit.

46
Q

Form 720

A

Title: Quarterly Federal Excise Tax Return
Description: Reports federal excise taxes.

47
Q

Form 8283

A

Title: Noncash Charitable Contributions
Description: Reports noncash charitable contributions.

48
Q

Form 8379

A

Title: Injured Spouse Allocation
Description: Allocates tax refunds between spouses if one owes past-due amounts.

49
Q

Form 8582

A

Title: Passive Activity Loss Limitations
Description: Reports passive activity losses.

50
Q

Form 8615

A

Title: Tax for Certain Children Who Have Unearned Income
Description: Calculates tax on unearned income of certain children.

51
Q

Form 8606

A

Title: Nondeductible IRAs
Description: Reports nondeductible contributions to IRAs.

52
Q

Form 8812

A

Title: Additional Child Tax Credit
Description: Reports additional child tax credit.

53
Q

Form 8814

A

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
Q

Form 8829

A

Title: Expenses for Business Use of Your Home
Description: Reports expenses for business use of home.

54
Q

Form 8815

A

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
Q

Form 8862

A

Title: Information to Claim Earned Income Credit After Disallowance
Description: Provides information to claim the Earned Income Credit after disallowance.

56
Q

Form 8863

A

Title: Education Credits (American Opportunity and Lifetime Learning Credits)
Description: Reports education credits.

57
Q

Form 8880

A

Title: Credit for Qualified Retirement Savings Contributions
Description: Reports credit for retirement savings contributions.

58
Q

Form 8889

A

Title: Health Savings Accounts (HSAs)
Description: Reports contributions to and distributions from HSAs.

59
Q

Form 8938

A

Title: Statement of Specified Foreign Financial Assets
Description: Reports specified foreign financial assets.

59
Q

Form 8917

A

Title: Tuition and Fees Deduction
Description: Reports tuition and fees deduction.

60
Q

Form 9465

A

Title: Installment Agreement Request
Description: Requests an installment payment plan for taxes owed.

61
Q

Form 982

A

Title: Reduction of Tax Attributes Due to Discharge of Indebtedness
Description: Reports reduction of tax attributes due to discharge of indebtedness.

62
Q

Form W-3

A

Title: Transmittal of Wage and Tax Statements
Description: Transmits W-2 forms to the IRS.

63
Q

Form W-4

A

Title: Employee’s Withholding Certificate
Description: Determines the amount of tax to withhold from an employee’s paycheck.

64
Q

Form W-7

A

Title: Application for IRS Individual Taxpayer Identification Number
Description: Applies for an Individual Taxpayer Identification Number (ITIN).

65
Q

Form 1116

A

Title: Foreign Tax Credit
Description: Reports foreign tax credits

65
Q

Form W-9

A

Title: Request for Taxpayer Identification Number and Certification
Description: Requests a taxpayer identification number and certification.

66
Q

Form 709

A

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
Q

Form 706

A

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
Q

Form 8300

A

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
Q

Form 8332

A

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
Q

Form 843

A

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
Q

Form 547

A

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
Q

Form 8949

A

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
Q

Form 4029

A

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
Q

Form 7206

A

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
Q

Form 2441

A

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
Q

Form 8846

A

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
Q

Form 1045

A

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
Q

Form 8995

A

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
Q

Form 8846

A

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
Q

Form 8594

A

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.

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