-
Accounting
What Is Schedule SE? (+Example)
IRS Schedule SE (Form 1040) is used by freelancers, sole proprietors, and independent contractors to calculate their Social Security and…
Read More » -
Accounting
What Is the Commercial Clean Vehicle Credit & Who Qualifies?
The Commercial Clean Vehicle credit, also known as the IRC §45W credit, is a reduction in tax of up to…
Read More » -
Accounting
What Is Form 4797? (+Example)
Form 4797 is used to report sales of business property commonly referred to as section 1231 property. Section 1231 property…
Read More » -
taxes
What is Form 2220 (+Example)
Form 2220, used by corporations, calculates the underpayment penalty (if any) at a predetermined interest rate from the time at…
Read More » -
Accounting
What Is Form 7205? (+ Example)
IRS Form 7205 is used to claim a deduction for energy-efficient commercial buildings placed in service during the current tax…
Read More »