Federal Income Tax Information

American Rescue Plan Act

• Does a Child Born in 2021 Qualify for The Recovery Rebate Credit?
• Advance Child Tax Credit Payments - Repayment Protection
• 2021 Changes to Child Tax Credit
• Desktop: 2021 Recovery Rebate Credit
• 2021 Changes to the Child and Dependent Care Credit - Form 2441
• Child Tax Credit Phaseout Amounts for 2021

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Qualified Business Income Deduction

• Frequently Asked Questions on Qualified Business Income Deduction
• Making QBID entries involving a Partnership (Form 1065)
• Making QBID entries involving a Sole Proprietorship (Form 1040, Schedule C)
• Making QBID entries involving a Specified Service Business
• Making QBID entries involving an S-Corporation (Form 1120S)
• QBID - Rental Property and Electing the Safe Harbor

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Schedule E - Supplemental Income and Loss

• Schedule E - Real Estate Participation - Active / Material
• Royalty Income - Schedule E / Schedule C

Schedule C - Profit or Loss from Business

• Schedule C negative expenses
• Suspended or Unallowed Loss on a Schedule C
• Qualified Joint Venture on a Schedule C
• Limited Liability Company - LLC

Source Documents

• ProWeb: Form 1099-MISC, Miscellaneous Information
• Form 3921 Exercise of an Incentive Stock Option
• Form 3922 Transfer of Stock Acquired Through an ESPP
• Student Loan Interest Deduction (Form 1098-E)
• Social Security Menu
• Form RRB-1099-R - Railroad Retirement Benefits

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Affordable Health Care Act

• Affordable Care Act Tax Provisions
• Mid-Year Premium Tax Credit Checkup
• FAQ on Affordable Health Care
• IRS Tax Tip 2016-34 - How the Premium Tax Credit Can Help You
• What Constitutes Full-year Minimum Essential Health Care Coverage?
• Frequently Asked Questions on Affordable Health Care Act

Form 8965 – Health Coverage Exemptions/Responsibility Payment

• Form 1095-C – Employer Provided Health Insurance
• Health Coverage Exemptions Overview
• Marketplace-Granted Coverage Exemptions
• Coverage Exemptions
• Filing and Income Threshold Exemptions
• What is the Shared Responsibility Payment for 2018 and 2019?

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Form 8962 - Premium Tax Credit

• Form 1095-B – Insurance Coverage
• Form 1095-A – Health Insurance Marketplace Statement
• Premium Tax Credit - Overview
• Desktop: Alternative Calculation for Year of Marriage
• Desktop: Shared Policy and Shared Policy Allocation
• Desktop - Shared Policy Allocation - Divorced or Legally Separated

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Earned Income Credit (EIC)

• 2021 Changes to Earned Income Credit
• Why No EIC Calculated
• Earned Income Credit
• Earned Income Credit Additional Due Diligence Questions
• Earned Income Credit (EITC) Income Limits and Maximum Credit Amounts
• Form 8867 - Earned Income Credit Due Diligence

Federal 1099

• Form 1099-A, Acquisition or Abandonment of Secured Property
• Desktop: Form 1099-Q - Payments from Qualified Education Programs
• Desktop: Form 1099-MISC, Miscellaneous Information
• The Simplified General Rule Worksheet

Form W-2 Questions

• Form 4852 - Substitute Form W-2 / Form 1099-R
• Inputting A Form W-2 With More Than 4 States Listed
• Form W-2 Box 12 Codes
• Form W-2 Common Questions
• Form W-2

Education Credits

• Education Credits and Deductions (Form 1098-T)
• Form 8867 - Due Diligence for Claiming the American Opportunity Credit

Tax Cuts and Jobs Act

• Tax Cuts and Jobs Act - New Tax Brackets for 2018
• Tax Cuts and Jobs Act - Standard Deduction Amounts for 2018

Schedule K-1 (Form 1041)

• Schedule K-1 (Form 1041) - Overview
• Schedule K-1 (Form 1041) - Heading Information
• Schedule K-1 (Form 1041) - Income Items
• Schedule K-1 (Form 1041) - Deductions, Credits & Other Items

Schedule K-1 (Form 1065)

• Schedule K-1 (Form 1065) - Overview
• Schedule K-1 (Form 1065) - Heading Information
• Schedule K-1 (Form 1065) - Income (Loss) Items
• Entering Schedule K-1 (Form 1065) - Deductions on Form 1040
• Entering Schedule K-1 (Form 1065) - Credits & Foreign Transactions Items on Form 1040
• Schedule K-1 (Form 1065) - Self-Employment Earnings (Loss)

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Schedule K-1 (Form 1120S)

• Schedule K-1 (Form 1120S) - Overview
• Schedule K-1 (Form 1120S) - Heading Information
• Schedule K-1 (Form 1120S) - Income (Loss) Items
• Schedule K-1 (Form 1120S) - Deductions
• Schedule K-1 (Form 1120S) - Credits & Foreign Transactions Items
• Schedule K-1 (Form 1120S) - Alternative Minimum Tax (AMT) Items

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