Tools & Forms
IRS Code 846: What the Notice Means & How to Respond
If you're checking your IRS account transcript and spot Code 846, that’s usually a good sign because it means the IRS has officially issued your…
What Is Tax Form 6781: What It Is And How To Use It
Form 6781 is the IRS form used to report gains and losses from certain financial instruments, specifically Section 1256 contracts and straddles. If that already…
What Is Tax Form 4136: What It Is And How To Use It
In a nutshell, IRS Form 4136 lets you claim a refund on certain federal fuel taxes you paid throughout the year. If you used gasoline,…
IRS Code 806: What the Notice Means & How to Respond
IRS Code 806 is a line on your IRS Account Transcript that shows how much federal income tax and excess Social Security (FICA) tax was…
What Is Tax Form 8911: What It Is And How To Use It
Form 8911 is used to claim the Alternative Fuel Vehicle Refueling Property Credit (similar to the EEHIC). If you installed EV charging or other qualified…
CP05 Notice: What Is It And How Should I Respond?
If you’ve received a CP05 notice from the IRS, take a breath; it’s not a bill, and it’s not a formal audit either. This letter…
Will the IRS Catch a Missing 1099?: How the IRS Tracks Income
If you've missed reporting a 1099 form, you might be wondering if the IRS will eventually catch it. The short answer is yes, they have…
Schedule K-1 (Form 1065): AKA Form K-1
If you've ever been involved with a partnership, S corporation, or certain types of trusts, there's a good chance you’ve come across Form K1. While…
