IRS Tax Filing Guide: Expert Advice and Resources for a Best e-Filing Experience
September 29, 2023
If you are not able to file your income tax return within the filing deadline, then you can request the IRS for a tax extension. You have to submit IRS Form 4868 to apply for the extension. But filing this Form will not entitle the taxpayer to any relaxation in paying the taxes. It only gives additional time to submit the paperwork and does not extend the time of payment of taxes. About Form 4868: The IRS...
September 22, 2023
Form 8849 is the IRS Form that taxpayers can use to refund the excise taxes and to claim certain refunds. If the taxpayers sell the vehicle after filing Form 2290, they should file Form 8849, Schedule 6 to claim their credit. Taxpayers can use this Form when their truck is sold, stolen, or destroyed. They can also claim the tax credit if they have used it for 5,000 miles or less on public highways, during the tax...
September 15, 2023
The 1040 Form is relatively a concise Form that has just 23 lines and it comes with 6 schedules. The 1040 Form offers simple solutions for most tax filers who want to report their income from jobs. If the situation is complicated, and if the tax filer claims tax credits or tax deductions for their additional income or contributions, then they may have to use any one of the six schedules that go with the 1040 Forms. ...
September 11, 2023
Taxpayers can use Schedule 6 of IRS Tax Form 8849 for claims not reported on Schedules 1,2,3,5 and 8, including the refunds of the excise taxes reported on, Form 720 – Quarterly Federal Excise Tax Return. Form 2290 – Heavy Highway Vehicle Use Tax Return. Form 730 – Monthly Tax Return for Wagers. Form 11 C – Occupational Tax and Registration Return for Wagering. A total of five schedules exist relating to Form 8849 filing. HVUT taxpayers...
