Understanding the 1120F and Other Tax Forms

What is an 1120f? U.S. Income Tax Return of a Foreign Corporation. Read more on www.irs.gov Understanding the numerous tax forms and rules that apply to your business is crucial if you own a business. The 1120F is one such form that international firms use to submit their income tax returns to the United States. … Read more

Which Form to File: 8832 or 2553?

Do I file form 8832 or 2553? Businesses that want to change their tax classification to an S Corporation do not need to file Form 8832. Instead, they should file Form 2553. When a single-member LLC adds more members, the business will be taxed as a partnership. Read more on www.upcounsel.com The decision between Form … Read more

Understanding Form 870 and Other Tax Forms for Business Owners

What is a form 870? Form 870 means Internal Revenue Service Form 870, Waiver of Restrictions on Assessment and Collection of Deficiency in Tax and Acceptance of Overassessment, any successor thereto, and any similar form used for state or local Tax purposes. Read more on www.lawinsider.com Tax season can be a difficult time for business … Read more

Understanding Form CT-3-S and Related Tax Forms

What is Form CT-3-s? Read more on www.tax.ny.gov S corporation income and other tax data are reported using the New York State corporate franchise tax form CT-3-S. A corporation that has chosen to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code is known as a S corporation. This indicates that … Read more

How to Properly Fill Out a W9 for Nonprofits

How should a nonprofit fill out a w9? If another business has asked your nonprofit corporation to complete a W-9, you must do so regardless of your tax-exempt status. Download Form W-9. Enter the Nonprofit Name. Add an Explanation. Skip Line 4. Enter the Nonprofit’s Address. Add the Nonprofit’s TIN. Sign and Date the W-9. … Read more

What is a CT 941? Understanding Connecticut State Tax Form

What is a CT 941? Form CT-941 is used to reconcile quarterly Connecticut income tax withholding from wages only. Form CT-941 must be filed and paid electronically unless certain conditions are met. Read more on portal.ct.gov Being a business owner in Connecticut requires you to understand a variety of state tax forms, such as CT … Read more

What is the Fax Number for 2553 and Other Related Questions

What is the fax number for 2553? 855-214-7520 The fax number for filing Form 2553 with the Ogden Service Center has changed. The new number is 855-214-7520 (the old number was 801-620-7116). ? See Parts II and III on page 3. ? You can fax this form to the IRS (see separate instructions). Read more … Read more

Understanding the GF Number on a T 47 Form

What is the GF number on a T 47? If you are married or own the home in common with someone, only one of you needs to fill their name in and sign in front of a notary. You can leave GF number blank ? this is a file number for use by the title … Read more