IRS Form 1098 reports your mortgage interest paid and is the key document for claiming the mortgage interest deduction on Schedule A. Covers every box on the form, 2026 deduction limits, the expanded SALT cap, and step-by-step filing instructions.
Filing IRS Form 2553 by the March deadline lets profitable small businesses and LLCs elect S-corp status, potentially saving over $12,000 annually by shielding distributions from the 15.3% self-employment tax.
IRS Form 2848 grants a limited power of attorney for federal tax matters, letting you designate a qualified CPA, attorney, or enrolled agent to handle IRS communications, audits, and collection negotiations on your behalf.
IRS Form 3520 is an informational return required for U.S. taxpayers who receive foreign gifts over $100,000, own foreign trusts, or have transactions with foreign trusts — penalties start at $10,000 or 35% of the unreported amount.
IRS Form 433-B is required for corporations, partnerships, and LLCs negotiating payment plans, Currently Not Collectible status, or Offers in Compromise. This guide covers every section, required documents, and the five mistakes that most commonly derail applications.
IRS Form 7004 grants businesses an automatic six-month filing extension—but it doesn't extend your payment deadline. Learn the 2026 deadlines by entity type, how to complete the form correctly, and the per-partner penalties that kick in when you miss the cutoff.
IRS Form 8300 requires businesses to report cash payments over $10,000 within 15 days of receipt. Learn who must file, how to complete each section, civil and criminal penalties for non-compliance, and how to track related transactions to avoid structuring violations.
IRS Form 944 lets eligible small employers with $1,000 or less in annual employment tax liability file payroll taxes once a year instead of quarterly — cutting compliance from four returns to one. Learn who qualifies, how to fill it out, deposit schedules, and how to avoid penalties.
IRS Form W-2 reports annual wages and withheld taxes for every employee — this guide covers who must file, 2026 deadlines (February 2), penalty amounts up to $630 per form, a box-by-box breakdown, and what to do if your W-2 is missing or incorrect.
The IRS Fresh Start Program offers four relief tools—Offer in Compromise, installment agreements, penalty abatement, and Currently Not Collectible status—that can reduce or defer tax debt for qualifying taxpayers. Here's how each works, who qualifies, and how to apply.
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