IRS Form 433-D "Collection Information Statement for Wage Earners and Self-Employed" Explained

IRS Form 433-D, or the Collection Information Statement for Wage Earners and Self-Employed Individuals, is a form the Internal Revenue Service (IRS) uses to gather information about a taxpayer's…


IRS Form 433-F "Collection Information Statement for Businesses" Explained

IRS Form 433-F, also known as the Collection Information Statement for Businesses, is a form used by the Internal Revenue Service (IRS) to gather information about a business's financial condition.…


IRS Form 13711 "Identity Theft Affidavit" Explained

IRS Form 13711, also known as the "Identity Theft Affidavit," is used by individuals who believe they are victims of identity theft concerning their taxes. The form is used to report identity theft…


IRS Form 656 "Offer in Compromise" Explained

IRS Form 656, also known as the Offer in Compromise, is used by taxpayers to request that the Internal Revenue Service (IRS) settle their tax debt for less than the total amount owed. This form is…


IRS Form 2848 "Power of Attorney and Declaration of Representative" Explained

IRS Form 2848, also known as the "Power of Attorney and Declaration of Representative" is a form that taxpayers can use to authorize an individual or organization to act as their representative…


IRS Form 4180 "Report of Investigation of Employee, Officer, or Director of a Corporation" Explained

IRS Form 4180, also known as the "Report of Investigation of Employee, Officer, or Director of a Corporation" is a form used by the IRS to document the investigation of an employee, officer, or…


IRS Form 4506 "Request for Transcript of Tax Return" Explained

IRS Form 4506, or the "Request for Transcript of Tax Return," is a form used by taxpayers to request a copy of their tax return transcript from the IRS. Tax return transcripts summarize a taxpayer's…


IRS Form 8379 "Injured Spouse Allocation" Explained

IRS Form 8379, also known as the "Injured Spouse Allocation," is used by taxpayers to claim their share of a joint tax refund or credit when their spouse or former spouse has outstanding debts, such…


Offer in Compromise Eligibility: How to Determine if You Qualify

Navigating the complex landscape of tax resolution can often seem overwhelming, especially when considering an option like an Offer in Compromise (OIC). This tool, offered by the IRS, allows…


IRS Tax Benefits of Employee Children Explained

Employee children can provide tax benefits to their parents, who are often their children's primary caregivers and financial providers. These tax benefits can include deductions, credits, and…