DIY’ers, use these forms under special circumstances. I do recommend getting help with some of them, at least the first time you do them.
Form | Description |
---|---|
3520, 3520A | Report interests in non-US trusts or estates, or gifts from non-resident aliens over $100,000 USD. (Get help with these!) |
4562 | Depreciation (in Canada, called Capital Cost Allowance) Used with Schedule C, self employment, or Schedule E, real estate rental. |
5471 | ...and associated Schedules US citizens file this if they own shares in a corporation that is "controlled" by US shareholders each owning at least 10%. (Get help with these!) |
8621 | Certain non-US mutual funds and ETF's, and certain corporations with passive income. (Get help with these, to avoid punitive US taxation!) |
8829 | (Used with Schedule C, self-employment) Business use of home expenses |
8833 | Treaty-based return positions Avoid double taxation. (Get help with these!) |
8858 | "Foreign branches" Filed with Schedules C and E - learn if exceptions apply. (Get help with these!) |
8865 | Non-US Partnership information return (Get help with these!) |
8938 | Like the FBAR, but filed directly to the IRS, if the value of your assets exceed higher thresholds. (Get help with these!) |
8949 | If you filed schedule D, use this form to itemize sales of securities. |
Important recommendations:
- If you are a DIY’er, save yourself a headache, and have someone look over your returns to find any glaring oversights. Let us do it at a fraction of the cost of an accountant!
- Do NOT file delinquent tax returns or FBARs with the IRS until you learn how to avoid penalties!