Tag: FO

  • Form 1040A

    Description and Definition of Form 1040A The U.S. Individual Income Tax Return Form 1040A is the "short" form version of Form 1040. You can usually use Form 1040A if you do not itemize or own a business and your taxable income is under $50,000. Description and Definition of Form […]

  • Foreign Tax Credit

    Foreign Tax Credit means:credit allowed against U.S. inc: me taxes for foreign taxes paid. The credit can be used only to lower U.S. taxes on income earned overseas. A foreign tax credit limitation is computed by multiplying the U.S. tax Kabi r. before the credit by the ratio of foreign […]

  • Form 1099-DIV

    Description and Definition of Form 1099-DIV An annual tax statement that summarizes the dividends you received or that were reinvested for you. The main purpose of this form is to report the dividends you received, income tax withheld from dividends, and foreign taxes paid on dividends. […]

  • Form 1099-INT

    Description and Definition of Form 1099-INT A statement that you receive from banks, savings institutions, and other payers of interest income that summarizes your interest income for the year. This form is also used to report other tax items, such as early withdrawal penalties, federal tax […]

  • Form 2439

    Form 2439 IRS Tax Form 2439 Notice to Shareholder of Undistributed Long-Term Capital Gains Instructions for reporting Box 1a. This amount is your total undistributed long-term capital gain from your regulated investment company (RIC) or real estate investment trust (REIT). Report the total amount as a long-term gain on the appropriate Schedule D. For example,…

  • Form 1041

    Form 1041 The term “fiduciary” applies to a person(s) who occupies a position of special confidence toward another, who holds in trust property in which another person has the beneficial title or interest, or who receives and controls the income of another. Thus, trustees and executors are considered fiduciaries. A fiduciary must file a return…

  • Foreign Sales Corporation

    About Foreign Sales Corporation: Foreign Sales Corporation (FSC) was an electing corporation organized under the laws of a country other than the United States, that has taxable income attributable to gross receipts from foreign trade. Part of the income from an FSC is exempt from U.S. taxation, and…

  • Foreign

    About Foreign: Foreign (corporation, Partnership) mens not domestic….

  • Forfeitable

    Forfeitable is used. with reference to a pension or a profit-sharing plan describing benefits to which a participant has no ownership rights until the length-of-service or performance requirements set forth in the vesting rules have been met….

  • Foreign Account Tax Compliance Act

    About Foreign Account Tax Compliance Act: In relation to the Foreign Account Tax Compliance Act (FATCA), see Foreign Account Tax Compliance Act (FATCA)….