Businesses are required to use IRS Form 4626 to determine the Alternative Minimum Tax (AMT) under section 55 that they are held liable for, unless they qualify as exempt. This post will address the purposes of form 4626, as well as the instructions for the form. If you are new to filing, and wonder what [...]
For those businesses that have sold any business property within the last year, the appropriate IRS form needed for filling would be IRS form 4797. Several reasons to use this form are stated below as they appear on the IRS website. Also, it is important to note that for 2009 filing, there are some new [...]
IRS Tax Form 4562 will begin a new series of posts covering the various tax forms and publications offered by the IRS when filing for depreciation and amortization expenses. Form 4562 is used by a business to report the deductible expense related to any business property purchased during the given tax year. Business property includes [...]