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Information about Form 8288-C, Statement of Withholding Under Section 1446(f)(4) on Dispositions by Foreign Persons of Partnership Interests, including recent updates, related forms and instructions on how to file. Form 8288-C is used with Form 8288 to report certain information about the transaction and the seller.

Information about Form 7004, Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns, including recent updates, related forms, and instructions on how to file. Form 7004 is used to request an automatic extension to file the certain returns.

Information about Form 8832, Entity Classification Election, including recent updates, related forms, and instructions on how to file. Form 8832 is used by eligible entities to choose how they are classified for federal tax purposes.

Tax Tip 2023-32, March 13, 2023 ¡ª All taxpayers should know their rights, especially when they¡¯re working with the IRS on a tax matter. IRS employees should also be familiar with knowing, observing and protecting taxpayers¡¯ rights. The Taxpayer Bill of Rights lists and defines 10 fundamental rights of every taxpayer. On this list is the Right to Quality Service.

Information about Form 4136, Credit For Federal Tax Paid On Fuels, including recent updates, related forms and instructions on how to file. Use Form 4136 to claim a credit for certain nontaxable uses of fuel, the alternative fuel credit, and a credit for blending a diesel-water fuel emulsion.

FS-2022-38, October 2022 ¡ª Most people take up hobbies for personal enjoyment, not to make a profit. Sometimes, however, the line between hobbies and businesses isn¡¯t clear cut. There are several different factors people should consider when making the determination and the IRS provides resources to help.

Tax Tip 2022-71, May 9, 2022 ¡ª Small businesses play a pivotal role in the nation's economy. The IRS offers a variety of tools and resources to help small business owners and self-employed individuals understand and meet their tax obligations.

The FATCA XML Schema is based on business requirements collected by a multilateral working group. The schema uses elements from existing reporting schemas used by the OECD and the European Union (EU) to reduce burden on reporting entities. The links below provide guidance on how to validate schemas.

You may have to file Form 1099-NEC, Nonemployee Compensation, to report payments you make to independent contractors.

Information about Form 1098, Mortgage Interest Statement, including recent updates, related forms and instructions on how to file. Use Form 1098 to report mortgage interest of $600 or more received by you from an individual, including a sole proprietor.