Tax Forms 2023

Broad City image via Giphy.com

2023 is here, with no new, major tax laws, not even any passed in the final days of December 2022, anywhere in sight!

Does that mean we won't see tax form changes? No. Taxes and the forms we use to report them or claim tax breaks are always tweaked to reflect the needs of the current filing season.

To try to keep track of these changes, the ol' blog is continuing an annual special page dedicated to tax forms. This feature is now in its fourth year, evolving (like Internal Revenue Service paperwork) from Tax Form Tuesday in 2020 to Tax Forms Fiesta! in 2021 to Talking Tax Forms in 2022.

For 2023, I've gone back to basics. On this iteration, known simply as Tax Forms 2023 (and I suspect this format will be the ongoing template), you'll find posts that mention, and sometimes focus on, IRS forms you might run across while filing.

Some are documents you have to complete. Others are the statements (or forms) that you'll get to help you file your return.

While I'm filling out this new Tax Forms 2023 page, which still has the GIF of Broad City star Ilana Glazer because she's brilliant and it works, you can always peruse the forms that were featured in the aforementioned 2020's Tuesdays, 2021's Fiesta!, and 2022's Talking Tax Forms.

2 NY counties get winter storm disaster tax relief (Form 4506, Request for Copy of Tax Return, and Form 4506-T, Request for Transcript of Tax Return | posted Jan. 6, 2023)
Time to track your 2023 tax deductible business miles (Schedule C, Profit or Loss From Business (Sole Proprietorship) [Part IV] | posted Jan. 8, 2023)
Tax documents you need to file your 2022 return (Many and varied | posted Jan. 11, 2023)
1099-K reporting delay yays and nays (Form 1099-K, Payment Card and Third-Party Network Transactions | posted Jan. 14, 2023)
Don't miss out on EITC, but note the 2022 tax return changes (Form 1040 Schedule EIC | posted Jan. 29, 2023)
When tax Groundhog Day - amending an earlier 1040 - is a smart move (Form 1040-X | posted Feb. 2, 2023)
Reporting Super Bowl and other gambling winnings on IRS Schedule 1 (Form 1040 Schedule 1, Part 2 | posted Feb. 13, 2023)
Don't miss these 24 tax deductions that don't require itemizing (Form 1040 Schedule 1, Part 2 | posted Feb. 15, 2023)
How to get your tax withholding just right (Form W-4 | posted Feb. 17, 2023)
Got more than wage income? Here's how to report it. (Form 1040 Schedule 1, Part 1 | posted Feb. 21, 2023)
6 tips on how to file your taxes when you're missing tax statements (Form 4852 | posted March 2, 2023)
Decoding your W-2 (Form W-2; updated March 3, 2023)
Child care tax credit returns to lower pre-COVID levels, but still worth a look (Form 2441, Child and Dependent Care Expenses| posted March 5, 2023)
Save some tax green by going greener at home (Form 5695, Residential Energy Credits | March 16, 2023)
Form 4868, the tax procrastinator's best friend (From 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return | March 19, 2023)
April 1 is RMD deadline for some. No fooling. (Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts | March 20, 2023)
Letting the IRS figure your taxes (not possible if you must file Forms 2555, Foreign Earned Income; Form 4137, Social Security and Medicare Tax on Unreported Tip Income; Form 4970, Tax on Accumulation Distribution of Trusts; Form 4972, Tax on Lump-Sum Distributions; Form 6198, At-Risk Limitations; Form 6251, Alternative Minimum Tax—Individuals; Form 8606, Nondeductible IRAs; Form 8615 Tax for Certain Children Who Have Unearned Income; Form 8814, Parents' Election to Report Child's Interest and Dividends; Form 8839, Qualified Adoption Expenses; Form 8853, Archer MSAs and Long-Term Care Insurance Contracts; Form 8889, Health Savings Accounts (HSAs); or Form 8919, Uncollected Social Security and Medicare Tax on Wages | posted March 26, 2023)
RMD age increase and wrong notices create tax confusion for some retirement account owners (RMD Uniform Lifetime Table, Table III-Appendix B in IRS Publication 590-B | posted March 27, 2023)
6 family-friendly tax credits (Form 1040 Schedule 3; Schedule 8812, Credits for Qualifying Children and Other Dependents; Form 8839, Qualified Adoption Expenses; Form 2441, Child and Dependent Care Expenses; Schedule EIC, Earned Income Tax Credit | posted March 29, 2023)
Some state refund recipients should amend their federal tax returns (Form 1040-X, Amended U.S. Individual Income Tax Return | posted April 11, 2023)
July 17, 2023, is deadline to claim $1.5 billion in 2019 tax year refunds (Form 1040, 2019 tax year | posted April 12, 2023)
Estimated taxes: Why, when, and how to pay them (Voucher 1040-ES | posted April 13, 2023)
In claiming potential $7,500 EV tax credit, note delivery date & other rules (Form 8834, Qualified Electric Vehicle Credit | posted April 21, 2023)
Let the IRS know when you move (Form 8822, Change of Address | posted April 26, 2023)
IRS to resume sending suspended tax notices (IRS Notice CP14, Balance Due | posted May 9, 2023)
Missing appraisals reduce donor's charitable tax deduction (Form 8283 Noncash Charitable Contributions | posted May 14, 2023)
House, Senate bills look to increase 1099-K reporting level (Form 1099-K, Payment Card and Third Party Network Transactions | posted May 22, 2023)
Tax breaks that can help businesses with hiring (Form 8826, Disabled Access Credit; Form 8850, Pre-screening Notice and Certification Request for the Work Opportunity Credit | posted May 30, 2023)
Oregon man gets jail time, $30 billion IRS bill for employment tax evasion scheme (Third-Party Employment Tax providers' forms: Form 8973, Certified Professional Employer Organization/Customer Reporting Agreement; Form 8655, Reporting Agent Authorization; Form 8655, Reporting Agent Authorization | posted June 2, 2023)
Document your property for tax, insurance claims before storms hit and A pre-disaster inventory can pay off when filing insurance or tax claims (IRS Publication 584, Casualty, Disaster, and Theft Loss Workbook (Personal-Use Property); IRS Publication 584-B, Business Casualty, Disaster, and Theft Loss Workbook | posted and updated, respectively, June 4, 2023)
Californians in disaster areas get erroneous IRS tax due notices (IRS Notice CP14, Balance Due $5 or More, No Math Error | posted June 8, 2023)
Ways to pay estimated taxes (1040-ES voucher | posted June 12, 2023)
Las Vegas lawmaker seeks higher slot machine tax reporting threshold (Form W-2G, Certain Gambling Winnings | posted June 13, 2023)
Use federal home energy tax credits to fight the heat (Form 5695, Residential Energy Credits | posted June 16, 2023)
Tips if the IRS audits your business' ERC claim (Form 941-X, Adjusted Employer's QUARTERLY Federal Tax Return or Claim for Refund | posted June 23, 2023)
IRS sending second clarification notice to disaster area filers (IRS Notice CP14, Balance Due $5 or More, No Math Error, and IRS Notice CP14CL, clarification of incorrect CP14 mailing | posted June 28, 2023)
One week left to collect your 2019 tax year refund (Form 1040, 2019 tax year | posted July 10, 2023)
Why IRS direct tax return filing is a bad idea (Form 843, Claim for Refund and Request for Abatement | posted July 15, 2023)
July 31 is Tax Day for those in disaster areas in 4 states (Form 1040, U.S. Individual Income Tax Return; Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return | posted July 20, 2023)
IRS ends most unannounced revenue officer home visits (725-B Appointment Letter to discuss the outstanding tax issues | posted July 24, 2023)
IP PINs recommended to thwart tax ID thieves (Form 15227, Application for an Identity Protection Personal Identification Number | posted July 25, 2023)
IRS sets paperless tax goals for 2024, 2025 (most forms to be digitized | posted Aug. 2, 2023)
Watch for these data theft red flags, by tax and other financial crooks (Form 14039, Identity Theft Affidavit | posted Aug. 8, 2023)
College financial aid via FAFSA is getting some tweaks (Free Application for Federal Student Aid aka FAFSA form | Aug. 12, 2023)
FinCEN, IRS-CI take steps to stem construction industry payroll tax fraud (Financial Crimes Enforcement Network aka FinCEN Notice FIN-2023-NTC1; Form 4852, Substitute for Form W-2, Wage and Tax Statement | Aug. 15, 2023)
State general welfare payments in 2023 remain federally tax-free (Schedule A itemized deductions | Aug. 30, 2023)
Being the boss tax basics (Schedule C business income; Schedule SE self-employment tax; Form 1040 Schedule 1 adjustments to income; Form 1040-ES estimate tax voucher | Sept. 4, 2023)
4 tax moves to consider this September (Form 1040-ES, estimated tax; Form 1065, partnerships; Form 1120-S, corporations; Form W-4, withholding | Sept. 5, 2023)
Artificial grass tax evasion scheme ends in real prison time for company owner (Form W-9, taxpayer identification number for contractors; Form 1099-NEC, nonemployee compensation | Sept. 15, 2023)
Swifties & BeyHive provide the IRS with targets for lower resale tax reporting law (Form 1099-K, Payment Card and Third-Party Network Transactions | Sept. 23, 2023)
New IRS bots available to help resolve tax payment notices (IRS Notices CP2000, CP2501, and CP3219A about mismatch of reported income | Sept. 26, 2023)
$10,000+ cash transaction reporting changes coming in 2024 (Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business | Oct. 04, 2023)
Oct. 16 also is deadline for some self-employed retirement account contributions (Form 5305-SEP, Simplified Employee Pension | Oct. 9, 2023)
IRS allows businesses to withdraw improper ERC claims (Forms 941-X, 943-X, 944-X, and CT-1X | Oct. 22, 2023)
IRS extends digital signature, certain email options (Forms that the IRS allows to be digitally filed | Nov. 5, 2023)
1099-K lower reporting threshold delayed again, this time to 2025 (Form 1099-K | Nov. 21, 2023)
Getting an IP PIN is a smart taxpayer security move (Form 15227 (EN-SP), Application for an Identity Protection Personal Identification Number (IP PIN) | Nov. 30, 2023)
How to report tax scams and fraud (Form 14242, Report Suspected Abusive Tax Promotions or Preparer; Form 14157, Return Preparer Complaint; Form 14157-A, Tax Return Preparer Fraud or Misconduct Affidavit | Dec. 1, 2023)
Mutual fund taxes require December attention (Form 1099-DIV; Form 1099-INT; Form 1099-B | Dec. 7, 2023)
ACA's premium tax credit is key in health care coverage considerations (Form 8962, Premium Tax Credit | Dec. 11, 2023)
IRS welcomes voluntary disclosure of dubious ERC claims (Form 15434, Application for Employee Retention Credit Voluntary Disclosure Program; Form 433-B, Collection Information Statement for Businesses | Dec. 22, 2023)

And if you want more info on other forms not featured here, check out the ol' blog's Forms category. It will show Tax Forms 2023 entries (and the prior year's collections), as well as other tax documents that I've posted about over the years, with the newest post first. Just keep scrolling.

Today's Tax Tip

4 September tax moves — Sept. 1 marked the arrival of Meteorological Fall, but it's still pretty darn hot across much of the United States. As we await the crisp chill of autumn, here are four cool tax moves to make this month. (Sept. 3, 2024)
The 2024 Tax Tips offer ways to file your annual return, along with post-filing advice, important tax news and, of course, ways to cut your current tax year bill. You'll find the monthly assemblages on their own respective pages: January, February, March, April, May, June, July, August, September, October, November and December. Remember, tax tasks and tips don't stop after you file your annual return!

All About Kay

OK, some about Kay

Kay Bell — Native Texan
(the blog title totally makes sense now, right?). Professional journalist. Tax geek.
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Tax Season 2024 continues!

We made it. Tax Day 2024 is finally over. For most of us. An estimated 19 million taxpayers got an extension to file their 2023 tax year return. That's fine.
In fact, the Internal Revenue Service appreciates some of us spreading out our filings. It gives the agency time to process the surge of returns
that came in on April 15.

But enough about Uncle Sam's tax collector and its issues. The focus now is on all y'all who filed for extensions, giving you another six months to complete your return. Let's get started on meeting that new Oct. 15 deadline. It will be here before you know it.

The monthly tips and reminders a little further down this column can help you finish up your Form 1040. There also will be tax tidbits each month that make sure you meet other tax deadlines. And, of course, you'll find advice on ways to cut your still adding up 2024 tax bill.

Finally, keep an eye on the countdown clock below. It will help you track yet more days tick, tick, ticking off toward that absolutely final fall filing due date.
Note: I'm in the Central Time Zone, so adjust accordingly for where you live.

Time for Tax Tasks

🍁 Hello 🍁 September 🍁
🍂 Fall 🍂 is 🍂 here! 🍂

OK, fall’s not here yet, at least not here in Texas according to still quite-warm temperatures. But forecasters say cooler weather — like highs in the 80s; yes, everything, especially weather, is relative — is on its way, and that meteorological promise gives up hope.

via GIPHY

As we get ready for the promised bit of chill, September also is a great month to make some cool tax moves, like those listed below. So, grab a sweater (or not yet), and let's go!
Sept. 1: Today is Meteorological Fall, the three months from Sept. 1 through Nov. 30 when days get shorter and cooler, but not cold. It's also the start of the annual National Preparedness Month. This year’s theme is “Start a Conversation,” since it's important to talk with your loved ones about potential emergencies. It's also critical to be prepared, as the Atlantic and Gulf of Mexico hurricane season usually peaks in September.

We’ve already had three tropical systems do enough damage to prompt Federal Emergency Management Agency (FEMA) major disaster declarations. The 2024 tropical storm season’s second named storm, Hurricane Beryl, landed as “just” a category 1 on the Texas coast, but still took 38 souls and left Lone Star State residents facing an estimated $30 billion in damages.

Hurricane Debby made two U.S. landfalls, in the Big Bend area of Florida and then again in South Carolina before moving up the Eastern Seaboard, producing disaster declarations all the way up to Vermont. Tropical Storm Ernesto, followed, slamming the U.S. territories of Puerto Rico and the U.S. Virgin Islands, as well as spawning deadly rip tides along East Coast beaches as the storm moved toward Bermuda.

And, coinciding with Meteorological Fall, we’ve still got three months of the 2024 hurricane season to go!

That has coastal residents on edge, since Uncle Sam's official forecasters at the National Oceanic and Atmospheric Administration (NOAA) Climate Prediction Center say we could get 17 to 25 total named storms, which are those with winds of 39 mph or higher. Of those, eight to 13 are forecast to become hurricanes, meaning winds of 74 mph or higher. Four to seven becoming major hurricanes; that’s category 3, 4 or 5, with winds of 111 mph or higher.

Regardless of the count, it only takes one to wreck your world. If you haven’t already, get ready for not just tropical systems, but whatever dangerous weather that’s common where you live. The countdown clock above can help you keep track of how many more days you have to worry about tracking any size or type of tropical storms. You also might want to check out the ol' blog's special Storm Warnings collection of special pages with posts offer tax advice on preparing for, recovering from, and helping those who sustain damages from the many ways that that weather goes wild.

Sept. 2: Happy Labor Day! This annual celebration of workers' contributions is a federal holiday and day off for many.

When you get back to work after this three day holiday, take a few minutes to check the federal tax amount that’s coming out of your paychecks. If you need to adjust your withholding so that you have the most accurate amount of taxes withheld, now is the time to do that. Submitting a new W-4 early this month will mean any changes are spread over the last four months of the year, making any impact less noticeable.

Sept. 3: If you live in Auglaize, Crawford, Darke, Delaware, Hancock, Licking, Logan, Mercer, Miami, Richland, or Union counties in Ohio, today is your Tax Day. The Internal Revenue Service granted individual and businesses in those counties tax relief since they were declared major disaster areas following a tornado outbreak in March.

Sept. 10: Do you work as a server at a restaurant or at any other establishment where gratuities from customers are part of your compensation? I hope you get all the tips you deserve for doing your job well. Remember, though, that those tips are taxable income.

Whether you're dining at your favorite eatery or getting food delivered to your home, if a tip isn't included on your restaurant or delivery bill, click the image above to calculate how much to tip the person who brought it to you.

And if you got at least $20 in gratuities in August for your extraordinary services as a food server or hair stylist or parking valet or whatever job where tipping is common, you must report that amount by today. Use Form 4070 to let your employer know the total tips you took in last month.

Sept. 16: Today is the deadline to pay your third installment of estimated taxes. This tax is due on income that’s not subject to withholding, such as investment earnings or contract work. Most estimated tax filers make the payments four times a year. The September payment is for such earnings received in June, July, and August. It’s usually on the 15th, but since that was Sunday, the deadline is pushed to the next business day — today!

Sept. 23: Sept. 22: The Autumnal Equinox arrives today at 8:44 a.m. Eastern Daylight Time in the Northern Hemisphere, marking the first day of Fall for all us who don't follow the meteorological fall calendar. Adjust for your time zone, since the equinox occurs at the same moment worldwide. It's also a go-to day to think about home maintenance that will help you weather the coming colder weather. The Inflation Relief Act includes extension of older and addition of new energy-related tax breaks, including some for residential energy improvements.

Sept. 30: Wow! Where did September go? That’s a good question to ask if you got an extension to file your 2023 tax return earlier this year. The last day of this ninth month means that your absolutely final Oct. 15 due day is another month closer. So you might want to get to work on that Form 1040 now. The easiest way to do do is to use tax software and electronically file.

If your adjusted gross income is $79,000 or less, you should check into Free File, the no-cost online tax preparation and electronic filing program offered by the IRS and its Free File Alliance partners. It’s open through the Oct. 15 extension deadline. This year, eight tax software companies offer programs to qualifying taxpayers.

Note that the Free File $79,000 or less income threshold applies to all filing statuses. If your income is too high, you still can file for free by using Free File's Free Forms option.

Small Business Tax Calendar: Important filing, deposit and record keeping dates throughout the year that your company needs to know. You can get more tax calendar information at the IRS' online calendar page and view the full year's important business and individual tax dates in IRS Pub. 509.

State Tax Help

Don't forget your state taxes!
Forty-three states and D.C. collect personal income taxes. But even if you live in of the seven states without an income levy, you still face other state (and local) taxes.

State Tax Departments provides links to your state's Web page. The companion page, Tax Tidbits, is the compilation of blurbs about each state's tax laws. And for more state tax news, check out all our state tax bloggings.

Tax Forms

Thanks to our increased use of tax preparers and computer software, many of us don't see our tax forms until we sign and file them. But knowing what's on these documents, either in paper or digital form, and why the IRS wants it is key to understanding our tax system. And knowledge definitely is power, especially when it comes to tax savings. Find this valuable information in the ol' blog's special Tax Forms 2024 page.

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The Truth
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Look for it on bookstore shelves
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Find out more about my book and excerpted chapters at the FT Press
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You can read more
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Kay Bell helps you build
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"Personal Finance: An Encyclopedia
of Modern Money Management"

Kay Bell breaks down taxes and
estate planning for millennials in
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A collection of Kay Bell stories
is included in
"The Gambler's Guide to Taxes:
How to Keep More
of What You Win"

Tax Reading Room
You also might enjoy these other tax tips from some of my tax-writing colleagues:
J.K. Lasser 2024 Taxes
Taxes for Dummies 2024
Tax Savvy for Small Business

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Kudos Et Cetera

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I gotta tell ya ...

AKA Disclaimer:

I am a professional journalist who has been covering tax issues since 1999. I am not a professional tax preparer.

The content on Don't Mess With Taxes is my personal interpretation and opinion based on my study and understanding of tax laws, policies, and regulations. It is provided for your private, noncommercial, educational, and informational purposes only. While I work to ensure each post's accuracy, the items are not recommendations of any specific tax action(s) you should or should not take. Similarly, mentions of commercial tax products or services are not endorsements.

In other words, my ramblings on the ol' tax blog are free advice, and you know what they say about getting what you pay for. That's why when it is time for you to file your own taxes, I urge you to get additional, professional, paid-for guidance from an accountant, Enrolled Agent, or other reputable, qualified tax preparer who is familiar with your individual tax circumstances.

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COVID-19 & Taxes

Coronavirus has wreaked havoc
on the 2020 and 2021 tax seasons.
These five Coronavirus (COVID-19) and Taxes pages have details:
March-July 2020
August-December 2020
January-December 2021
January-December 2022
…and so it continues into 2023
…and, alas, into 2024
You can find medical coronavirus resource links in the next section.

COVID-19 Resources

Need help finding a coronavirus vaccine in the United States?
Call 1-800-232-0233
or TTY 1-888-720-7489.
More information and resources at:
CDC Vaccines
CDC Booster Shots
HHS Combat COVID
USA.Gov COVID Info

September 2024

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Photo by Kay Bell
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Tell it to the Hill

While it's easy to rail at the IRS, for the most part we can thank — or blame — Congress and the White House for our tax laws. So if you have an issue with tax legislation or want a tax bill passed, you need to let your federal legislators and the White House occupant know of your concerns. You can find out who in Washington, D.C., to contact (and how), as well as get information on your local lawmakers for matters, tax or otherwise, closer to home, at USA Gov.

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