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 Form 4720 Return of Certain Excise Taxes under Chapters 41 and 42 of the Internal Revenue Code 2022

2022-2025 Form

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Instructions and help about Form 4720 Return Of Certain Excise Taxes Under Chapters 41 And 42 Of The Internal Revenue Code

vehicle we'll be going over IRS form 4684 casualties and thefts so there are four sections to this form we'll go through each of them briefly it's a four page tax form so you depending on your circumstances you might not use every section in this form so we're going to go through all of this step by step but first there's section A which refers to personal use property for most taxpayers this is probably what you're most familiar with if you've ever itemized tax deductions on schedule a of your personal income tax return so we'll come back to this momentarily on page two there's section B this is for business income producing property so business related casualties or theft and there are two parts to section B there's part one where you calculate the amount of casualty or theft capital gain or loss for a property and then part two where you're summarize everything into either short term or capital i

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