IRS Tax Forms Archives - Page 3 of 4

Tax Deductions for nurses and health care professionals

IRS Form 8965: Do You Have to Pay a Penalty for Not Having Health Insurance?

Are you trying to figure out if the IRS Form 8965 applies to you?

The Affordable Care Act requires every American to have qualified healthcare coverage. If you didn’t have coverage, you may owe a penalty for the months you went without insurance. Fortunately, there are exemptions many Americans can take advantage of to avoid the penalty.

Please note, this applies only to taxpayers completing tax returns for previous years (2018 and prior), as the Tax Cuts and Jobs Act eliminated the requirement.

If you qualify for an exemption, you must include IRS Form 8965 with your tax returns. Here’s how it works.

How do I use IRS using Form 8332 with black man and daughter

IRS Form 8332: How Can I Claim a Child?

Are you a divorced family, wondering how you’ll handle taxes when claiming your dependents? The IRS law makes it pretty clear cut who gets to claim them – the custodial parent. But, if you want to relinquish those rights, you can with IRS Form 8332.

How do I request tax return from IRS using Form 4506 T with black lady on computer

IRS Form 4506-T: How to Get a Copy of Your Tax Return

Are you trying to figure out how to use the IRS Form 4506-T?

As you may know, the Internal Revenue Service (IRS) is an agency of the United States federal government that controls tax laws. It manages the tax return process, different tax services, and the implementation of tax laws.

The IRS also saves information of taxpayers such as yourself and provides the info whenever you need it. You may need your tax-related details due to numerous reasons.

Mostly, it is needed when you are interested in taking a loan/mortgage and the mortgage provider has to verify your income source.

The IRS provides different forms that taxpayers can use to retrieve different information regarding their tax. One of them is the IRS Form 4506-T in which the letter ‘T’ stands for transcript.

Lady putting IRS form 8949 in the mailbox

What is the IRS Form 8949 and Do You Need It?

Are you worried about whether or not you need to fill out the IRS form 8949?

Buying and selling stocks is a great way to increase your net worth for short and long-term goals. When you sell stocks (or any asset for that matter), you affect your tax liability. Just like money you make working, you must pay taxes on any money you earn.

Not every sale earns money, though. Many investors sell stocks at a loss whether to offset their capital gains or because they have no choice but to sell at a loss – as we all know, life is unpredictable.

When you buy and sell stocks for a profit or loss, the IRS wants to know about it on Form 8949. Every investor must complete one. Here’s how it works.

Woman worried about Tax Identity Theft at her desk

How to Deal with a Federal Tax Lien (IRS Form 12277)

Are you trying to figure out if you need to fill out the IRS form 12277?

When you have a tax lien filed against you, it means you owe the federal government money and they’re staking a claim in your property to get it.

Once you pay the debt back, the IRS reports the lien paid in full, but it may still negatively affect your ability to get new credit for many months or even years in the future.

Is there a way to get rid of the lien and ensure an easier time getting financing moving forward? IRS Form 12277 may help.