Other Taxes

Form 1040-NR - Reporting gambling winnings and losses

In general, nonresident aliens are subject to the 30% tax on the gross proceeds from gambling won in the United States if that income is not effectively connected with a U.S. trade or business (ECI) and is not exempted by treaty.

Form 8978 - Partner’s Additional Reporting Year Tax

The individual partner reports the amount on Form 8978 line 14 in their individual tax return.

Form 8882 - Credit for Employer-Provided Childcare Facilities and Services

Form 8882 is part of the general business credit.

Form 6251 - Alternative Minimum Tax (AMT)

If the taxpayer is not liable for AMT this year, but they paid AMT in one or more previous years, they may be eligible to take a special minimum tax credit against their regular tax this year.

Form 8962 - Alternative Calculation Methods

Form 8962, Premium Tax Credit (PTC), contains two parts that may need to be completed in certain situations.

Form 8611 - Recapture of Low-Income Housing Credit

The decrease may result from a change in the eligible basis or the applicable fraction.

Form 8828 Recapture of Federal Mortgage Subsidy

Form 8828 is used to figure and report the recapture tax a federal mortgage subsidy if the taxpayer sold or otherwise disposed of the federally subsidized home.

Form 4255 - Recapture of Investment Credit

Use Form 4255 to figure the increase in tax for the recapture of investment credit claimed.

Uncollected Social Security and Medicare Tax - Form 8919

Tax From Recapture of an Education Credit

There are several different type of education tax credits available to taxpayers and/or their dependents.

Form 8959 - Additional Medicare Tax

Form 8959 is used to calculate the amount of Additional Medicare Tax owed and the amount of Additional Medicare Tax withheld by a taxpayer’s employer, if any.

Form 8960 - Net Investment Tax

Use Form 8960 to figure the amount of Net Investment Income Tax (NIIT) when modified adjusted gross income (MAGI) is greater than the applicable threshold amount below.

Form 5405 - Repayment of the First-Time Homebuyer Credit

The first-time homebuyer credit provided taxpayers an incentive to purchase a home from 2008 through September 30, 2010.

Schedule SE - Self-Employment Tax

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Form 8615 - Kiddie Tax

For children under age 18 and certain older children, unearned income over an annual threshold amount is taxed at the parent's rate if the parent's rate is higher than the child's.

Form 8814 - Parents' Election to Report Child's Interest and Dividends

Parents may elect to include their child's income from interest, dividends, and capital gains with their tax return as long as the total taxable interest, dividends, and capital gains are less than $12,500.

Minister / Clergy Member Tax Return

Ministers are individuals duly ordained, commissioned or licensed by a church.

Form 4137 - Social Security & Medicare Tax on Unreported Tips

Taxpayers who work in an industry in which a portion of their income is earned from customer tips along with their hourly wages need to pay Social Security and Medicare taxes on those earnings.