Form 2439: Notice to Shareholder of Undistributed Long-Term Capital Gains Form 2439 is an IRS tax form required to be issued by RICs, Mutual Funds, ETFs, & REITs. Regulated Investment Companies must report any gains they do not distribute to their shareholders. When the fund company decides to retain these gains, […]
Taxes
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What Is IRS Form 2106 – Employee Business Expenses? IRS Form 2106 lets individuals deduct ordinary and necessary expenses from federal taxes incurred performing a qualified trade or profession. IRS Form 2106 is the Employee Business Expenses supplemental tax form distributed by the Internal Revenue Service (IRS). It is used […]
FUTA Meaning – Federal Unemployment Tax Act FUTA Meaning: The Federal Unemployment Tax Act (FUTA) is federal legislation that imposes a payroll tax on any business with employees. The revenue it generates is allocated to state unemployment insurance agencies. These funds are used to pay unemployment benefits for people who […]
What Is a Schedule F: Profit or Loss from Farming? Schedule F (Form 1040) is used by farmers who operate as sole proprietors to report their farming income and claim their expense deductions. If you are a farmer and your farming business is a sole proprietorship, you must use Schedule […]