Fill out Form W-12 Online to Become a Paid Tax Preparer

Form W-12: IRS Paid Preparer Tax Identification Number (PTIN) Application and Renewal

For the majority of Americans the US tax system is very complicated. We don’t want to spend days and nights calculating taxes, completing declarations and trying not to lose our temper and mind. But if you have a knack for numbers and like solving financial puzzles, can work under pressure and you are ready to fill in a tax form on the eve of the due date – you might be interested in becoming a paid tax preparer. Working as a tax preparer has lots of advantages. Think it over: the taxpayers usually need consulting services only during the tax season. Tax preparers don’t have to pull all-nighters every day. After the 15th of April they have plenty of time and money for vacation, self-development and relaxing. So, how do the paid tax preparers start out?

Before dealing with tax returns all tax specialists must get a preparer tax identification number (PTIN) from the IRS. They can easily obtain a PTIN by completing IRS Form W-12, Paid Preparer Tax Identification Number Application and Renewal. The tax preparers usually save time and file the form with the IRS electronically.

In this blog post we’ll show you how to fill out the application entirely online with PDFfiller, skipping the time-consuming printing and scanning steps.

Who must file Form W-12?

Any paid tax return preparer must apply for and receive a preparer tax identification number (PTIN). The PTIN must be renewed annually. A tax return preparer is any individual who is compensated for preparing or assisting in the preparation of all of a tax return or claim for refund of tax.
Now when you are sure that you have to complete Form W-12, it’s time to find how to do this.

How to Fill Out Form W-12 Online:

Step 1. Find Form W-12 in the PDFfiller online library of fillable documents

You can quickly find Form W-12 using the PDFfiller Search Engine. Go to MY DOCS in your PDFfiller account, click Add New Document and open the Search for Documents tab. Enter the name of the form and click the Search button.

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Before opening the form, you can watch a video tutorial and read a short description that will help you complete the form.

Step 2. Open Form W-12 in the PDFfiller Editor

Now you just need to select the required document from the search result (Form W-12 or Instructions) and click Fill online.

This will open Form W-12 in the PDFfiller online editor.

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Step 3. Fill in the document using PDFfiller editing tools

Use all the powerful PDFfiller editing tools to neatly fill in Form W-12. Click anywhere on the document and start typing. Choose the type and size of the font, avoid mistakes with the Spelling tool, add images and checkmarks if needed.
The document contains smart fillable fields. These fields will guide you through the form and make completing it fast and easy. Click Next to move to the next field.

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You can always check how many fields are left by clicking on the fillable Wizard tool in the top panel.

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Click anywhere on the document and start typing.
Block 1. Type in your full name and current PTIN (if you already have one). Here you also need to indicate the purpose of the application: initial or renewal.
Block 2. Check whether you want the PTIN to be valid for the current calendar year or the next calendar year.
Block 3. Indicate your SSN and date of birth.
Block 4, 5 and 6. Type in your personal and business mailing address, phone number and email.
Block 7. Provide information about felony convictions.
Block 8 and 9. Type in the details of your last U.S. individual income tax return filed with the IRS (these blocks are applicable only for an initial application).
Block 10. Provide information about preparation of Form 1040 (skip this block if you are an attorney, public accountant or enrolled agent).
Block 11. Certify that you comply with your tax obligations.
Block 12. Check all the appropriate boxes that apply to your professional skills.

Step 4. Sign Form W-12 with a legally binding eSignature

The hardest part of the job is done. Your Form W-12 looks neat and you still have the strength to go to the end. And the end is near. Just two more steps are ahead: signature and date.
With PDFfiller’s Signature Wizard it will take you only minute to add a legally binding signature using your smartphone, keyboard, mouse or webcam. Customize the signature according to your needs and save it for future use.

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To add the current date, move to the date field. It will be added automatically.

Step 5. Submit the completed Form W-12

Finally, the last step of our completion quest: submission. Click DONE to save all your edits and choose what you want to do with Form W-12 next.

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To view the completed form got to MY DOCS.
This step-by-step instruction shows that with PDFfiller any tax advisor, taxpayer or other professional can complete and manage their documents without additional effort and time.
Visit our website to learn more about other PDFfiller’s features.

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Form W-8BEN: Taxation Rules for Non-residents

In the United States everyone must pay taxes. This rule refers to both Americans and foreigners who conduct business within the country. However, different types of businesses require different tax rates.

The series of w-8 form templates is specially designed for the purpose of reporting taxes. Today’s blog post is devoted to Form W-8BEN that is known as the Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals). It might be a bit complicated to fill out this document, but we are here to help you.

There is a set of incomes that are subject to tax withholding. They are interests, rents, royalties, premiums, dividends, annuities or any other income that was earned through services, compensations or other profits received on United States territory.

The income types that are not subject to tax withholding include: bank deposits interest, sales of securities and stocks, short-term OID (Original Issued Discounts), and incomes earned from foreign sources. However, non-residents still must file a w8ben to request the exemption.

The certificate of foreign status for federal tax withholding includes only 1 page. You have a choice either to complete it online or print the document and do it manually. We recommend to put the old-school printable blank form aside and try electronic completion. It will save your time and allow you to edit every line in the form if you fill it incorrectly. You can use fillable PDF or Word samples that you can find and download on our site.

Take your time and check the instructions. In the w8ben 2017 form you must indicate the following information:

  • Name of individual who is the beneficial owner;
  • Country of citizenship;
  • Date of birth;
  • Permanent residence address;
  • Mailing address;
  • Social security number;

If you still have some questions regarding Form W-8BEN, use this phone number 407-344-1012 to find out more information.

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Line-by-line Guide to Filling out Form W-8BEN

Form W-8BEN is the Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals). It must be filed by every non-resident who earns money on the territory of the United States. It applies only to individuals; for entities you must use the irs w-8ben-e form. You may check the irs w-8ben instructions, but the purpose of this blog is to provide a line-by-line guide for you to fill out the online form properly.

The certificate of foreign status for federal tax withholding consists of three parts and ten prompts. The first part is devoted to the identification of the beneficial owner. There are eight lines. Indicate the name of the individual who is the beneficial owner in the first line. This name must coincide with the name in a passport or any other official document. Do not use abbreviations or acronyms. In the second line, provide the permanent residence address with country of origin and without PO box number. If your mailing address is the same as in the second line, skip it. If not, write it down in the fourth line. In lines 5 and 6 you must indicate your U.S. and foreign taxpayer identification numbers (SSN or ITIN). The seventh line is devoted to the reference number(s). This may be an account number or other reference sources. And the last line in the first part of the blank must be filled with the date of birth.

The second part of this tax form is called the Claim of Tax Treaty Benefits. There are only two lines to complete. These lines must be completed only by those U.S. non-residents whose native countries concluded a tax treaty with the United States.

The third part of the irs w8ben form is the certification. It is the applicant’s declaration and confirmation. Once the individual has filled all lines in the blank, it is necessary to certify it by signature. Indicate also the date of completion.

After the document is completed, take your time to check it. It will be much easier and faster to do using PDFfiller editing tools. You may also use a printable version. You must print the form and fill it by hand which is not that convenient A PDF or Word fillable sample is available on our site.

Submit Form W-9 Online to Save Time and Stay Organized

W-9 Form: Request for Taxpayer Identification Number and Certification

Whether you’re a freelancer, contractor or part of the sharing economy, Form W-9 should be familiar to you. This form has to be completed before being legally contracted either by an employer or a company. Filling out a W-9 used to be extremely time consuming and frustrating since it required printing and faxing. However, you can now get around these hassles by filling out a W-9 online.

What is a W-9 Tax Form?

This form is used by employers to get a contractor’s tax ID number.
Even though a W-9 form isn’t sent to the IRS itself, it’s an extremely important document. First of all it’s used for business-contractor adjustment. This form may be used for requiring contractors’ information. This form is not sent to the IRS, yet it can be useful while filling out other Forms such as Form 1099 and Form 1099-MISC.

Additionally, Form W-9 is used to avoid backup withholding. If a taxpayer is certified on a W-9, they won’t be treated as subject to backup withholding. It is analogous to the withholding exemption certifications on Form W-4 for employers.

Here is what W-9 Form looks like:

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It might look a bit complex, but don’t worry: by the end of this post you’ll see that it is much easier than it seems at the first glance.

How do I Fill Out a W-9 Form?

All you need to do is to follow the instructions below and fill in all the required fields step-by-step. PDFfiller takes care of the hard part; you only need to fill in a few blanks.

Step 1. Open the W-9 Form page with your device.

You can use the same device you are using to read this post right now. You also can take advantage of PDFfiller’s mobile applications if you don’t want to open the link right now.

Once you’ve decided what device to use, follow these two steps: this W-9 Form link and further instructions.

Step 2. Open the W-9 Form itself.

Click on the link to open the form. There is a photo above showing where to click.

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The web-site will create a template of the W-9 Form for you.

Step 3. Fill in your data.

The form is already pre-formatted. You don’t have to create any fields or text-areas. All you need to do is to fill in the fields. Unlike the paper version, you can’t accidently skip any fields here. The software will remind you to complete the form every time you skip a blank. It will also check your spelling automatically if you would like it to. Just turn on the spellchecker.

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All the required data is more or less intuitive. Still, if you have any problems there are three additional pages that clear everything up.

Don’t forget to put the date at the bottom of the W-9 Form

(Luckily, a pop-up reminder would help you out in any case).

Step 4. Create a legally binding eSignature and sign the W-9 Form with it.

The final step is putting your signature on the document. Yes, you can sign it even without a pen. There are several ways to do this. It can be drawn with your finger/stylus on a touchscreen device, with a mouse, captured with a webcam, uploaded or even typed in. Chose whichever one you’d like.

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Here, for example, is what the “Type/text” looks like:

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The best thing about an eSignature is that it may be saved and reused.

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All done! You’ve just finished filling out the W-9 Form! Once again: no ink, no pens, no paper, – a piece of cake, right?

eFiling and its benefits for W-9 Form?

Now for the most interesting part: First of all you can save it as PDF or Word. On the other hand, it’s possible to print it out the old-fashioned way.

The best perk about E-Filing is that you can file the completed document straight from your computer or phone. The next time you will be asked for a W-9 Form you can send it via an e-mail.

No more post-offices, no more slow delivery services, no more long lines! Sending Form W-9 is now available in one click.

Now you’re all set to fill out a W-9 yourself.

Here’s your link : W-9 Form . Whether you are employing a contractor, an employer, employee or freelancer PDFfiller form library with over 25 million other forms and documents has just the form you need.

Form 3921

Form 3921: How to Report Transfer of Incentive Stock Options in 2016 Tax Season

IRS Form 3921: Exercise of an Incentive Stock Option Under Section 422(b)

One of the significant parts of annual taxes is selling, transfer or acquiring stock options. There are different forms for informing IRS about any of these transactions. In today’s blogpost we are going to prep ourselves for reporting a transfer of incentive stock option. This means that the transferor has to fill out the same table with the number of shares transferred, exercise price per share and fair market value per share on exercise date for four parties. He has to send a copy to the corporation whose stock is being transferred, one copy for employee who exercises the option, another copy to the IRS and keep the last copy for his own records. You can find all of them in the Form 3921.

Who has to file IRS Form 3921?

Form 3921 is the US Internal Revenue Service form, officially called the Exercise of an Incentive Stock Option Under Section 422(b). The form is designed to be used by any corporation that transfers to any person a share of stock pursuant to the transferee’s exercise of an incentive stock option as described in section 422(b) and is applicable to the calendar year during which the transfer was made.

What is the purpose of Form 3921?

The IRS 3921 form serves as an information statement furnishing employees with the details of incentive stock options that were exercised during the year.

Is Form 3921 accompanied by any other forms?

The submission of the completed Form 3921 to the employee does not necessitate attaching any accompanying forms or documents. In general there are several copies of the same return to send to the IRS, the employee exercising an option and the corporation whose stock is being transferred.

When is the Exercise of an Incentive Stock Option form due?

The employer should provide the exercising employees with the 3921 Form by January 31. This due date works for Copies B and C received by the corporation and the employee. The IRS in turn should receive its own copy (Copy A of this form) a month later, by February 28th, and if you file it electronically it’s not due until March 31, 2016.

How do I fill out the 3921 Form?

To be properly completed, the form must include the following details:

  • Information about the Transferor (name and address)
  • Transferor’s federal identification number
  • Information about the Employee (name, address, account number)
  • Dates of options granting and exercising
  • Exercise price per share
  • Number of transferred shares
  • Fair market value of a share
  • Data about the corporation whose stock is transferred (if other than the Transferor)

What should be done with all four copies of the 3921 Form?

There are detailed instructions about where to submit the four copies (A, B, C and D) on each corresponding page of the document. You must have the correct addresses of the employees and corporation’s business address for sending copies B and C.