What Is Form 6252: Installment Sale Income? Form 6252: Installment Sale Income is an Internal Revenue Service (IRS) form used to report income from the sale of real or personal property coming from an installment sale with the installment method. An installment sale occurs when at least one payment from the disposition of property is
What Is Form 6781: Gains and Losses From Section 1256 Contracts and Straddles? Form 6781: Gains and Losses From Section 1256 Contracts and Straddles is used to report gains and losses from straddles or financial contracts that are labeled as Section 1256 contracts. A straddle is a strategy that involves holding contracts that offset the
What Is Form 706: United States Estate (and Generation-Skipping Transfer) Tax Return? Form 706: United States Estate (and Generation-Skipping Transfer) Tax Return is an Internal Revenue Service (IRS) form used by an executor of a decedent’s estate to calculate the estate tax owed, according to Chapter 11 of the Internal Revenue Code (IRC). The tax is levied on
What Is Form 706-GS(D): Generation-Skipping Transfer Tax Return For Distributions? Form 706-GS(D) is a tax form distributed by the Internal Revenue Service (IRS) that is used to calculate taxes due on trust distributions subject to a generation-skipping transfer tax (GSTT). When a person dies and leaves their estate to heirs, they may attempt to avoid
What Is Form 8282: Donee Information Return (Sale, Exchange, or Disposition of Donated Property)? Form 8282: Donee Information Return (Sale, Exchange, or Disposition of Donated Property) is an IRS tax form used by donor organizations to report the sale or disposition of charitable deduction property—other than money and publicly traded securities—to both the IRS and
What Is Form 8283: Noncash Charitable Contributions? Form 8283: Noncash Charitable Contributions is a tax form distributed by the Internal Revenue Service (IRS) and used by filers who wish to deduct non-cash contributions made to a qualifying charitable organization. Deductions for non-cash contributions are reported as itemized deductions. Non-cash contributions can include securities, property, vehicles
What Is Form 8283-V: Payment Voucher for Filing Fee Under Section 170(f)(13)? Form 8283-V: Payment Voucher for Filing Fee Under Section 170(f)(13) is a tax form completed by taxpayers claiming a charitable contribution exceeding $10,000 of an easement on the exterior of a historic building. Form 8283-V is sent to the Internal Revenue Service (IRS)
What Is Form 843: Claim for Refund and Request for Abatement? Form 843 is a multipurpose tax document issued by the Internal Revenue Service (IRS) used by taxpayers to make a claim for a refund of certain assessed taxes or to request abatement of interest or penalties applied in error. Key Takeaways Form 843 is
What Is Form 8606? Internal Revenue Service (IRS) Form 8606, “Nondeductible IRAs,” is used by filers who make nondeductible contributions to an individual retirement account (IRA). A separate form should be filed for each tax year that nondeductible contributions are made. Normally, contributions to an IRA are deductible from ordinary income. In some circumstances, however
What Is a Forex Mini Account A forex mini account is a foreign exchange (FX) account which allows beginner traders to enter the currency market using smaller size (mini lot) positions and trading quantities, thus lowering the funds at risk and limiting potential losses. Forex trading accounts are often offered in three sizes: standard; mini; and macro. The
