0
Tax Forms
Various forms used by the IRS in conjunction with income taxes such as W-2, W-4, W-9, 1040, 1098, and 1099
3,047 Questions
Are IRS tax returns fIRSt class mail?
The IRS tax returns are mailed first class. It's only the booklets that are mailed out second class.
How would you classify donations received. Are they income?
The amount could possibly be income to you. Since you are NOT a qualified charitable tax exempt organization that has been approved by the IRS to receive any charitable donations that you could give the the taxpayer a receipt for that would allow the taxpayer to take a charitable donation on the taxpayer schedule A itemized deduction of the 1040 federal income tax return.
What is the amount of federal tax on 1000000?
For the federal income tax on your 1040 income tax return if your marginal tax rate is already 35% with out the 1000000 amount.
1000000 X 35% = 350000
You are the only one that has all of the necessary information that will have to be reported on your 1040 FEDERAL income tax return for the year in order to do the calculation for the numbers that you are looking for.
After you complete your 1040 federal income tax return correctly to your TAXABLE INCOME and page 2 lines 43 and Line 44 you will know the amount of your income liability before any credits or other taxes.
Continue from Line 45 to the last lines at the bottom of the 1040 page 2 and then you will know how much taxes you will have to pay if any after you complete your 1040 income tax return correctly.
Motor Vehicle Accident Report (SR-1) As soon as possible less than 20 days time in California, 30 days in Arkansas so you check with your state are read the SR1 form instruction for your state and it should tell how soon you need to return the SR 1 to the correct place and address ASAP.
How much credit you get for having 1 dependent for taxes?
You will NOT know how much credit you will receive for 1 dependent until your 1040 federal income tax return is completed correctly and completely.
How do you know if must file a quarterly return?
For the individual taxpayer go to the IRS.gov website and use the search box for
You can copy and paste the below web address in your address bar for Estimated Taxes for more information
Estimated TaxesEstimated tax is the method used to pay tax on income that is not subject to withholding. This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes and awards. You also may have to pay estimated tax if the amount of income tax being withheld from your salary, pension, or other income is not enough.Estimated tax is used to pay both income tax and self-employment tax, as well as other taxes and amounts reported on your tax return. If you do not pay enough through withholding or estimated tax payments, you may be charged a penalty. If you do not pay enough by the due date of each payment period you may be charged a penalty even if you are due a refund when you file your tax return.
Who Must Pay Estimated Tax
If you had a tax liability for 2008, you may have to pay estimated tax for 2009.
General Rule
You must pay estimated tax for 2009 if both of the following apply.
The tax preparer is NOT the one that is applying for the aid.
When does an EMA form have to be returned by?
Probably as soon as possible after it is completed correctly and make sure that the EMA form is sent to the correct address.
EMA (Education Maintenance Allowance)
Enterprise Management Associates (EMA)Landlord Tenant Application Form Construction Loan Application Forms EmaYou can find more EMA forms to choose from by using the below website address.
maine.gov/mema/ema/mema_ema_forms.shtml
How long do you need to keep vacation request forms from employees?
For the term of their employment.
Must you file a tax return if on disability?
Yes this could be possible depending on the type of disability pay that you are receiving and also if you have any other sources of worldwide income that you would have to report on your 1040 income tax return.
What are the steps in filing the 11k form?
Form 11 K is used FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS AND SIMILAR PLANS PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
GENERAL INSTRUCTIONS
sec.gov/about/forms/form11-k.pd
OMB Number: 3235-0082 Expires: September 30, 2012
What tax form do you complete if you want to donate to an organization?
After you make your qualified donation to a qualified charitable organization and have your necessary documentation verifying the value of the donation from the charity before you prepare your 1040 income tax return.
You will use the schedule A itemized deductions of the 1040 tax form along with all of your other itemized deductions.
How do you mail your bankruptcy forms?
You are not legally allowed to do this, the papers must be handed over in person by the individual for whom the bankrupcy proceedings are being filed.
Do retirees have to file an income tax return?
Whether you have to file a tax return (and the really important but different thing is PAY A TAX) depends, in part, on your filing status, deductions, amount & type of income. There are no such things as "start and stop" ages, not having to pay because of retirement or on social security or working from home or a student. It is all addressed as a matter of "how much TAXABLE income."
(Note: working isn't relevant either, as people who don't work or are retired, or disabled, or old, or young, or in school, or whatever - frequently have income from many sources: savings, investments, pensions, social security, inheritance, etc. (each are generally taxable). TAXABLE income is very different than what you may otherwise think of as salary. In most circumstances, you have to do many of the calculations needed to file a return, just to determine what taxable income may be).
Likewise, there are no special or fixed rates for retired, student, doctor, sanitation worker, President, convict...whatever. The amount of taxable income after applicable deductions and adjustments determines the rate applied to your particular situation. The rate, as well as the amount, you pay changes as the amount of income does.
You must file a tax return if you had net earnings from self-employment of $400 or more. This is your total self-employment income less the expenses paid in operating your trade or business, multiplied by 92.35%.
If you weren't self-employed (paid on a 1099 or ran your own business) then you would always want to file a return to claim the amount withheld and shown on your W-2, which with lower incomes will always be refunded to you.
If you are an individual who may be claimed as a dependent on another person's return, you are subject to specific filing requirements. Refer to the instructions in your tax package or refer to Publication 929, Tax Rules for Children and Dependents, or Publication 501, Exemptions, Standard Deduction, and Filing Information, for the filing requirements for dependents. All available at www.IRS.gov
You must file a tax return if you received any amount of advance earned income credit payments from your employer during the year, or if you owe any taxes, such as:
- social security tax and Medicare tax on tips or group life insurance,
- alternative minimum tax,
- tax on qualified retirement plans including an Individual Retirement Account, or other tax-favored account,
- tax from recapture of an education credit, investment credit, low income housing credit, federal mortgage subsidy, qualified electric vehicle credit, or the native American employment credit.
Generally, you must file a tax return if you are a nonresident alien with income from sources in the United States. For more information on nonresident aliens, select Topic 851 at the IRS website.
Even if you are not required to file a tax return, file a return BECAUSE MANY, LOW INCOME PEOPLE HAVE MANY BENEFITS COMING THAT ARE KEYED TO FILING A RETURN. (Like stimulus checks).
Also, the Statute of Limitations for when the IRS can no longer ask you questions about your affairs for a year only STARTS to run when a return is filed. Not filing, and they can bug you, (and assess a tax) for forever!
How much money can you gift before you have to file a return?
A qualified gift according to the IRS.gov website definition.
Any transfer to an individual, either directly or indirectly, where full consideration (measured in money or money's worth) is not received in return.
For tax year 2009 or 2010 one individual can gift to any other number of individuals up to $13,000 each without any reporting by either party each year.
The person who receives your gift does not have to report the gift to the IRS or pay gift or income tax on its value.
If you give any one person gifts in 2009 or 2010 that were valued at more than $13,000, you must report the total gifts to the Internal Revenue Service and may have to pay tax on the gifts each year.
For more information go to the IRS.gov web site and use the search box for publication 950, Introduction to Estate and Gift Taxes, IRS Form 709 United States Gift Tax Return, and Instruction for Form 709.
The instructions are available at the IRS.gov web site choose within Forms and Publications
However, what you call a gift and what the IRS defines as one may be different.
When are Income taxes are due by?
April 15th is when yearly taxes are due. although an extension can be filed
How much time would you serve in prison for filing taxes under someone elses name?
What a question this is about the amount of time that you would spend in prison for filing a 1040 federal income tax return under someone else's name.
A taxpayer sentenced to ten years in federal prison following his conviction in June for the preparation and presentation of false and fraudulent income tax returns.
What is the code for combat pay on the w2?
W-2 form box 12 CODE Q-Nontaxable combat pay. See the instructions for Form 1040 or Form 1040A for details on reporting this amount.
When married but separated can married filing jointly be the filing status?
IF you are NOT LEGALLY separated in the state that you are a a resident of on the last day of the year.
Your filing status would be married filing joint or on a separate 1040 federal income tax return MARRIED FILING SEPARATE.
If you have nine, yes; but don't be surprised by an audit.
Do you have to pay federal taxes if you get eic through out the year?
You will HAVE to file your 1040 federal income tax correctly and completely for this purpose when you have received some advance EITC payment through out the year.
When you get to the last lines on your 1040 federal income tax return you will know the correct answer if you end up with an amount on the LINE AMOUNT YOU OWE.
W-2 Box 9. Enter this amount on the advance earned income credit
payments line of your Form 1040 or Form 1040A.
Is there a home exemption tax in California?
YES. The below information comes from the RETIREMENTLIVING com website
California Property Taxes
Property is assessed at 100% of full cash value. The maximum amount of tax on real estate is limited to 1% of the full cash value. Under the homestead program, the first $7,000 of the full value of a homeowner's dwelling is exempt. The Franchise Tax Board's Homeowner Assistance program, which provided property tax relief to persons who were blind, disabled, or at least 62 years old, and met certain minimum annual income thresholds, has been halted. The state budgets approved for the 2008/2009 and 2009/2010 fiscal years deleted funding for this Homeowner and Renter Assistance Program that once provided cash reimbursement of a portion of the property taxes that residents paid on their home. For more information, call the Franchise Tax Board at 1-800-852-5711, or visit
www.ftb.ca.gov/individuals/hra/index.shtml.
What is forms in file processing?
File processing would mean that the file is being checked out looked at to make sure that the file is correct before the processing will be finished with for that file before it will be accepted as being correct as it was filed.
For the 2009 1040 federal income tax return the due date with the approved extension is October 15 2010 and if you qualify you can still file it online for free by going to the IRS gov website and use the search box for Free File
Prepare and file your federal income taxes online it's easy and it's free!
How do you file for taxes when you are married but separated?
Only IF in the state that that you are a resident of IF you are legally separated on the last day of the year, you should file either as single or as Head of Household (if you have children that live with you for more than 50% of the year).
Other wise your filing status would be married filing joint or on a separate 1040 federal income tax return MARRIED FILING SEPARATE.
