GoldenTax.US
Helping People Understand And Meet Their Tax Responsibilities. The IRS
1040 Individual
You may want to file even if you make less than that amount, because you may get money back if you file. This could apply to you if you: (1) have had federal income tax withheld from your pay; (2) made estimated tax payments; or (3) qualify to claim tax credits such as the Earned Income Tax Credit and Child Tax Credit. The IRS
1065 Partnership
A partnership must file an annual information return to report the income, deductions, gains, losses, etc., from its operations, but it does not pay income tax. Instead, it “passes through” profits or losses to its partners. Each partner reports their share of the partnership’s income or loss on their personal tax return. The IRS
1120 C Corp or 1120 S Corp
A corporation generally takes the same deductions as a sole proprietorship to figure its taxable income. A corporation can also take special deductions. For federal income tax purposes, a C corporation is recognized as a separate taxpaying entity. In order to become an S corporation, the corporation must submit Form 2553 signed by all the shareholders. The IRS.
U.S. Citizens and Resident Aliens Abroad
If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad. You are subject to tax on worldwide income from all sources and must report all taxable income and pay taxes according to the Internal Revenue Code. The IRS
1041 Estate and Trusts
The fiduciary of a domestic decedent’s estate, trust, or bankruptcy estate uses Form 1041, U.S. Income Tax Return for Estates and Trusts, to report the income, deductions, gains, losses, etc. of the estate or trust, the income that is either accumulated or held for future distribution or distributed currently to the beneficiaries, any income tax liability of the estate or trust, employment taxes on wages paid to household employees, and net Investment Income Tax. The IRS
1040X 1065x 1120X
File Form 1040-X to: (1) Correct Form 1040, 1040-SR, or 1040-NR;(2) Make certain elections after the deadline, (3) Change amounts previously adjusted by the IRS; (4) Make a claim for a carryback due to a loss or unused credit.
File a 1065X to tax return or to answer an administrative adjustment request.
File a 1120X for a superseding return or an amended return. The IRS
