XXI.   Selected Forms List

• TD F 90-22.1 Report of Foreign Bank and Financial Accounts.
• 673   Statement For Claiming Benefits Provided by Section 911 of the Internal Revenue Code. This form allows a US employer (including a Czech branch of a US corporation) to reduce the withholding on remuneration to reflect the "$80,000" earned income exclusion available to the employee. It is filed with the employer.
• 926   Return by a US transferor of property to a foreign Corporation, Foreign Estate, or Foreign Partnership
• 1040    ES Estimated Tax for Individuals. Despite living outside the USA, estimated and total tax liabilities have to be deposited in the usual way and on the usual dates.
• 1116     Foreign Tax Credit (Individual, Fiduciary, or Nonresident Alien Individual)
• 1118     Foreign Tax Credit - Corporations
• 1120F     US Income Tax Return of a Foreign Corporation. This covers those with foreign corporations having US income and thus subject to US taxation
• 1120    Schedule PH - US Personal Holding Company Tax. See FPHC for details.
• 2350    Application for Extension to file US Income Tax Return. This is for citizens or resident aliens working/living abroad waiting to meet either the physical presence or bona-fide resident tests. Individual specifies date needed in order to meet the test. Must be filed by the due date of the return.
• 2555    Foreign Earned Income Exclusion. Form to file to claim the "$80,000" exclusion.
• 2688    Application for Additional Extension of time to file US Individual Income Tax Return. This is used to extend the filing date by an additional 2 months after filing 4868. Must have reason for the additional extension. Must be filed by due date of return, including prior extension.
• 3520    United States information return; creation of or transfers to certain foreign trusts (under IRC paragraph 6048. (Rev. 2000)
• 3520-A  Annual return of foreign trust with US beneficiaries. (Rev. 2000)
• 3903F   Foreign Moving Expenses. Note allowances by employers may result in taxable income to the recipient.
• 4224    Exemption from withholding of tax on income effectively connected with the conduct of a trade or business in the United States
• 4790 Report if International Transportation of Currency or Monetary Instrument.
• 4868   Application for Automatic Extension of time to file US Individual Income Tax Return.  This must be filed by the original due date of the return. For those working/living abroad, original due date for filing the tax return is June 15. Extension allows to file through August 15.
• 5471   Information Return of US Persons With Respect to Certain Foreign Corporations
• 1120FSC Used to report a FSC's income, deductions, credit, and tax. (now becoming obsolete as FSC's are being phased out)
• 8594   Asset acquisition statement, used if goodwill or going concern value attaches, or could attach in a transfer, sale, or purchase of assets.
• 8832 Entity Classification Election. Certain entities can be classified for tax purposes in specific ways.
• 8865 Return of U.S. Persons With Respect To Certain Foreign Partnerships. The partnership as well as certain transactions and other specified information must appear on Form 8865. Also, the form has to be filed with the U.S. taxpayer's income tax return for the tax year in which the partnership's annual accounting period ends.