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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

When can you file an extension on your taxes?

Any time up tlll the due date. Remeber the extension is for filing th return, not paying the tax.

Who must file a 2008 Iowa State Income Tax Form?

WHO MUST FILE?

YOU MUST FILE AN IOWA RETURN IF...

...you were a resident or part-year resident of Iowa in

2008 and meet any of the following requirements.

Nonresidents, see items f. and g.

In meeting the filing requirements below, you must add

back the pension exclusion (line 21, IA 1040), the Social

Security phase-out amount from line 12 of the Iowa

Social Security worksheet, any amount of lump sum

distribution separately taxed on federal form 4972 and

any net operating loss carryover.

Note to married couples: Incomes of both spouses must

be included when determining who must file.

a. You had a net income (line 26 of the IA1040) of more

than $9,000 and your filing status is single. ($18,000

if 65 or older on 12/31/08)

b. You had a net income (line 26 of the IA1040) of more

than $13,500 and your filing status is other than

single. ($24,000 if your or your spouse is 65 or older

on 12/31/08)

c. You were claimed as a dependent on another person's

Iowa return and had a net income (line 26 of the

IA1040; line 4 of the IA 1040A) of $5,000 or more.

d. You were in the military service with Iowa shown as

your legal residence even though stationed outside of

Iowa.

e. You were subject to Iowa lump-sum tax.

f. You were a nonresident or part-year resident and your

net income from Iowa sources (line 26 of the IA126

(pdf) was $1,000 or more. In the case of married

nonresidents, the spouses' combined income is used

to determine if their income is high enough to require

them to file an Iowa return. To understand "Iowasource

income," see the instructions for lines 1-26 of

the IA 126.

g. You were a nonresident or part-year resident and

subject to Iowa lump-sum tax or Iowa minimum tax

(even if Iowa-source income is less than $1,000).

Can you get your ross stores w2 online?

If Ross stores has their W2 available online, then the store will you give the information on how to retrieve the W2. You will need to contact the store for the details.

Where do you enter imputed income on your tax forms?

It depends on the type of imputed income.

If it is imputed interest, enter it where all other interest payments go (schedule B).

If it is imputed life insurance income from your employer, that should already be included in box 1 of your W-2 and you should enter it on line 7 of your W-2.

You enter it wherever non-imputed income of the same nature would go.

What federal tax form does a professional corporation file?

A corporation generally files Form 1120 to report income, gains/losses, and deductions/credits, and to figure its tax liability, if any. Form 1120 is U.S. Corporation Income Tax Return. Form 1120 generally is due by the 15th day of the 3rd month after the end of its tax year, or after the date it dissolves. For example, a corporation with a tax year ending date of June 30 must file Form 1120 by September 15. If the 15th day of the required month falls on a weekend or a legal holiday, then the deadline is extended to the next business day.

For more information, go online at www.irs.gov/formspubs. Select Publication Number. Type 542 in the Find box to read/print Publication 542 (Corporations).

Is Form 941 a summary of FUTA?

No. Form 941 is Employer's Quarterly Federal Tax Return. It is used to report taxes (income, Social Security, Medicare) that are withheld from your employees' paychecks. Form 940 is Employer's Annual Federal Unemployment (FUTA) Tax Return. Form 940 reports the FUTA tax that applies to the first $7,000 paid to each employee.

Can you claim your spouse as a dependent on your tax return?

No. If you're Married Filing Jointly, then you're allowed one personal exemption for you and one exemption for your husband. You can't claim your spouse as a dependent. Even if you're working and your spouse isn't, you can't claim your spouse as a dependent because you're allowed to claim two personal exemptions total for the two of you as a married couple filing jointly.

What is a degree candidate for purposes of reporting scholarships for federal tax purposes?

Someone attending college for the purpose of attaining a degree as opposed to just taking some classes.

Where do you send 1120s forms?

http://www.irs.gov/file/article/0,,id=111348,00.html

What is hades occupation?

I have no idea how Hades related to Taxes and Tat Preparation, Tax Forms, but okay.

Hades (from Greek Mythology. Am I on the right track?) job was to rule the underworld, or land of the dead. Although he never actually did any of the judging of souls himself. He left that up to the soul judges (whose name I can't remember). He just ran the ordinary, day to day stuff of the Underworld.

Like Taxes . . . . .?

When do you have to send your tax returns?

Tax seasons runs from January through mid-April for many individual taxpayers. If your tax year ends on December 31, then your tax return reporting the previous year's tax information is due by April 15. If April 15 falls on a weekend, then the deadline is extended to the next business day. You can file any time during tax season. As long as your envelope is properly addressed and postmarked by midnight on April 15, then it's considered timely. If April 15 falls on a weekend, then the deadline is extended to the next business day.

For more information, go to www.irs.gov/taxtopics. Select Tax Topic 301: When, Where, and How to File.

Do you enter the occupation that you earned a majority of the last year's income from or the last occupation that you had for the tax year?

There's no hard and fast rule.

You can enter the one you earned the majority of your income from or you can enter something like:

accountant/janitor -or-

bikini model/nuclear physicist

Or you can try to find a generic term that fits both jobs.

If you were a singer and a dancer, use "entertainer."

If you were a chef and a waiter, use "food service."

What is the maximum standard deduction this year for a person who is not claimed as a dependent by another person?

The standard deduction for the Single filing status for a person not claimed as a dependent by another person is $5,450 for 2008 tax returns. This deduction increases to $5,700 for 2009 tax returns. This is in addition to the personal exemption amount of $3,500 for 2008 tax returns [$3,650 for 2009].

How many tax forms are there?

At least 1,120 currently active for the Feds alone. http://www.irs.gov/app/picklist/list/formsInstructions.html

If a child is claimed as a dependent how much can he earn before he is required to file a federal income tax form?

Assuming this child is unmarried, under 65, and can be claimed as a dependent on someone else's income tax return (for example, his parents' income tax return), a federal return is required if ANY of the following is true:

1) Unearned income is more than $900.

2) Earned income is more than $5450.

3) Your gross income was more than the larger of -

a. $900, or

b. Your earned income (up to $5,150) plus $300.

4) You have at least $400 in net self-employment income.

5) You owe uncollected Social Security tax on tip or imputed life insurance income.

6) You received any advance EIC payments

7) You had wages of $108.28 or more from a church exempt from Social Security.

8) You owe excise taxes on a retirement plan account or distribution.

9) A few other rare and arcane cases that are extremely unlikely to apply here.

However, even if not required to file, you should file to obtain a refund of taxes withheld from your salary or if you are entitled to any refundable tax credits.

You should also file if you received any Forms 1099-B or 1099-S (usually from the sale of stocks, bonds, real estate, or other property), even if the sale was at a loss or no profit in order to report your basis.

If your state has an income tax, they may have different rules as to who must file a state return. Every state has different rules. Check the instruction booklet that comes with your state tax forms.

What is IRS form 1040A used for?

The 1040A form is a shorter and more simple version of the IRS 1040 tax form. A taxpayer can use the 1040A form if his total income is less than $100,000. In addition, the 1040A form limits sources of income to wages, interest, dividends, and capital gains.

How much income has to be on a 1099-MISC form before you have to report it on your tax return?

Form 1099-MISC is Miscellaneous Income. A person or business is required to file Form 1099-MISC for each person to whom they paid at least $600.00 in services, rents, etc. The recipient generally enters the information from Form 1099-MISC onto Schedule C (Profit or Loss from Business) or Schedule C-EZ (Net Profit from Business). The recipient is required to file Schedule SE (Self-Employment Tax) when net earnings (income less expenses) are at least $400.00.

When is the last day you can send federal income tax forms?

Generally, your federal income tax return is due by April 15. If April 15 falls on a weekend, then the deadline is extended to the next business day. If you mail your return after the due date, the IRS will probably charge interest and penalties for late filing.

Can my boyfriend still file returns that he has not filed since 2005 and that he needs because he is preapproved for the house that he has found and wants to buy?

Yes. He should gather together all his tax records for those years. If he's missing any information, he should contact the source (employer, financial institution, etc.) for copies. He can go online at www.irs.gov/formspubs. Select Previous Years to print tax return forms and instructions for those years. If he has problems getting copies of W-2s, etc., or has any questions, he should contact the IRS at 1-800-829-1040.

For more information, go online at www.irs.gov/taxtopics. Read/print Topic 153 What to Do if You Haven't Filed Your Tax Return.

How do you print Form W-4?

Form W-4 is Employee's Withholding Allowance Certificate. You can print it online at www.irs.gov/formspubs. Click on "Form and instruction number." Type 'W-4' in the 'Find' box and hit 'enter'.