This tax forms directory guides every taxpayer in preparing and filing all the needed requirements by the IRS.
In this article:
- Individuals Tax Forms Directory
- Businesses Tax Forms Directory
- Self-Employed Individuals Tax Forms Directory
Tax Forms Directory to Help You Prepare Tax Returns
Individuals Tax Forms Directory
1. Form W9 | Request for Taxpayer Identification Number (TIN) and Certification
All individuals and business entities use form W9 to provide their TIN to entities which pay them income during the taxable year. Form W9 is not submitted to the IRS, but businesses require it for accounting purposes. Businesses use it to prepare form 1099-MISC at the end of the taxable year.
2. Form W7 | Application for IRS Individual Taxpayer Identification Number (ITIN)
Individuals can use form W7 to secure their ITIN. This form is commonly used by non-U.S. citizens or permanent residents who do not qualify for an SSN but need to file a federal tax return due to U.S. income sources.
3. Form 1040 | Individual Income Tax Return
All taxpayers required to file an annual income tax return use form 1040. This form contains several sections where individuals can report and calculate their tax dues or refunds based on their income and deductions.
Depending on the type of income reported, several 1040 forms can be used. For example, a taxpayer with a taxable income of $100,000 or less who claims the standard deduction may use the form 1040A.
4. Form W4 | Employee’s Withholding Allowance Certificate
Employed individuals complete this form to help their employers determine the right amount of withheld federal taxes from their pay. Additionally, the IRS suggests completing form W4 every time a change in a taxpayer’s financial situation arises such as a birth of a child or a divorce.
5. Form 9465 | Installment Agreement Request
The Installment Agreement Request is used by a taxpayer who wishes to request a monthly installment plan from the IRS. This plan is a form of tax relief for taxpayers who cannot afford to pay the full amount shown in their federal tax returns.
6. Form 8283 | Noncash Charitable Contributions
Claiming all qualified deductions allows you to pay lesser taxes. Aside from the standard ones, taxpayers may also claim non-cash charitable deductions as part of their deductions from their taxable income. Claiming this deduction is done by completing form 8283 and attaching it to the annual tax return.
7. Form 2848 | Power of Attorney and Declaration of Representative
In certain cases where a taxpayer is not able to represent himself in any dealings with the IRS, a representative may be designated by filing the form 2848. By filing this form, a taxpayer agrees that the assigned representative assumes all the powers he would have except when the taxpayer modifies the acts the representative can perform.
8. Form 4868 | Tax Extension
A taxpayer may request for an extension of tax filing under certain conditions. Using the form 4868, the deadline can be stretched to a 6-month extension when a taxpayer fulfills certain requirements.
9. Form 8962 | Premium Tax Credit
Taxpayers who own healthcare plans with the Health Insurance Marketplace may claim a premium tax credit by filling out form 8962. Taxpayers use this form to figure out the amount a taxpayer can claim as his premium tax credit or reconcile any adjustments from advance payments.
Related: When Are Taxes Due? Know Your 2019 Deadlines
Businesses Tax Forms Directory
10. Form W2 | Wage and Tax Statement
All businesses or employers who pay compensation for services rendered by an employee should file a form W2 for each of their employees. This includes non-cash compensation payments amounting to $600 or more within a taxable year.
11. Form 941 | Employer’s Quarterly Federal Tax Return
Employers need to submit form 941 to the IRS to report the number of wages and withholdings made during the quarter. This report must include the wages paid to its employees, income taxes withheld, Social Security taxes, and Medicare taxes withheld from the employee’s paychecks.
Self-Employed Individuals Tax Forms Directory
12. Form 8829, Expenses for Business Use of Your Home
For individuals working as freelancers or independent contractors, they can declare business-related house expenses under certain conditions. IRS Form 8829 helps taxpayers determine what can and cannot be claimed.
13. Schedule C (Form 1040) | Profit or Loss From Business
Also known as the Profit or Loss From Business for Sole Proprietors, Schedule C should be attached to the form 1040 when filing tax returns to the IRS. The schedule must include any revenue and deductions from joint ventures and income declared on IRS form 1099-MISC.
14. Schedule C-EZ (Form 1040) | Net Profit from Business
Similar to Schedule C, self-employed individuals use this form to report their profit and loss. Taxpayers use this form as a substitute to the Schedule C when taxpayers have spent $5,000 or less for business-related expenses.
15. Schedule SE (Form 1040) | Self-Employment Tax
Schedule SE helps determine self-employment taxes businesses need to pay based on the profit or loss during the taxable year. Any self-employed individual who earns $400 or more must pay taxes to the government.
16. Form 1099-MISC | Miscellaneous Income
Self-employed individuals receive Form 1099-MISC when they receive at least $600 worth of income payments for every service rendered to clients. Taxpayers receive the same form when they receive at least $10 worth of dividends, tax-exempt interests, and royalties.
17. Schedule K-1 (Form 1065) | Partner’s Share of Income, Credits, Deductions, etc.
Any taxpayer who has shares in a partnership’s income or deductions must file Schedule K-1 to the IRS. This form is due for filing on the 15th day of the third month of the end of a partnership’s taxable year. The same rule applies to all members of a limited liability company or LLCs.
Filing bunch of IRS forms brings headaches, especially at year-end when preparing for annual tax returns. This tax forms directory offers a very helpful guide, not only for individuals, but also for small businesses seeking assistance in the preparation of their taxes.
Make sure to keep the above information in mind to avoid missing deadlines and paying penalties.
Did our tax forms directory help you prepare your tax returns properly? Share your thoughts with us in the comments section below.