Tax Forms

If you don't file your tax return when you're required to file, the IRS contacts you with a letter titled Proposed Individual Tax Assessment. The letter notifies you that the IRS has no record of your filing a tax return. The letter includes a balance due of tax owed plus penalties and interest based on income reported to the IRS by your employers, financial institutions, etc.

The letter gives you the choice of three responses.

One, file your tax return.

Two, consent to the proposed assessment.

Three, state why you believe that you're not required to file a return.

For more information go to www.irs.gov for the article, 'Understanding your notices regarading past due filing', and related articles.

Form W-4 is Employee's Withholding Allowance Certificate. Attached to this form is the Personal Allowances Worksheet, which you should keep for your records. This Worksheet gives you information for box 5 on Form W-4.

On line A, enter 1 for yourself if no one is claiming you as a dependent.

On line B, enter 1 if you're single with only 1 job, or you're married, only 1 job, and your spouse doesn't work, or wages from your second job or your spouse's wages or the total of both are $1,500 or less.

On line C, you can enter 1 for your spouse or enter 0 if you're married and either your spouse works or you have more than one job.

On line D, enter any dependents, other than yourself or your spouse, that you'll be claiming on your tax return.

On line E, enter 1 if you're filing as head of household on your tax return.

On line F, enter 1 if you'll be claiming a credit for at least $1,800 of child/dependent care expenses.

On line G. if you'll be claiming the child tax and/or additional child tax credit, enter 1 for each eligible child plus an additional 1 if you have 6 or more eligible children and your total single income is between $61,000 and $84,000 ($90,000-$119,000 if married).

On line G, if your total single income is less than $61,000 ($90,000 if married), enter 2 for each eligible child and then minus 1 from that figure if you have 3 or more eligible children.

Line H is a total of lines A through G. It should be noted that the amount on line H may be different from the number of exemptions that you actually claim on your return.

Go from here to the W-4 unless you're planning to itemize or claim adjustments to income and want to reduce your withholding accordingly or if you have more than one job or you and your spouse both work and your combined earnings exceed $40,000 ($25,000 if married) and need an additional amount withheld. In either case, you should complete the Deductions and Adjustments Worksheet or the Two Earners/Multiple jobs Worksheet.

On Form W-4 in box 1, fill in your first name and middle initial.

In the next box goes your last name. Box 2 is for your social security number.

To the left of box 3 is a line for your home address (house number and street name). Check the choice in box 3 that applies: single, married, married but withhold at higher single rate. (Note: In some cases, such as both spouses are working, married people don't have enough tax withheld at the married rate. So they either can have their tax withheld at the higher single rate or they can have an additional amount withheld in box 6.)

To the left of box 4 is a line for your city/town, state, and zip code. Check box 4 if your last name differs from that shown on your social security card. It also is noted there that you have to call 1-800-772-1213 for a replacement card.

In box 5, enter the total number of allowances that you figured on line H of the Personal Allowances Worksheet or on line 10 of the Deductions and Adjustment Worskheet or on line 3 of the Two-Earners/Multiple Jobs Worksheet.

Only fill in box 7 by writing in the word "exempt" if you had no tax liability last year and were refunded all of your withheld federal income tax and the same will occur this year.

Then all you have to do is sign and date the form on the line between boxes 7 and 8.

The line above the total is called the subtotal. It is referred to as above-the-line. It does not include deductions or taxes.

Dept. of the Treasury

IRS

Fresno, CA 93888-0002

**however, it depends on if you are sending money or not and what forms you are sending in...better off checking their website at:

http://www.irs.gov/file/article/0,,id=100718,00.html

Extensions for filing your income tax return are due by the date that your return is due. Returns reporting 2009 income are due by April 15, 2010 in your tax year ended on December 31. To request an extension, you need to file Form 4868, Application for Automatic Extension of Time to File U.S. Income Tax Return. But an extension of time doesn't grant an extension of time to pay your tax liability. If you owe taxes, they're considered due this year by April 15.

Form 6251 is the alternative minimum tax for individuals form. As with all federal tax form lines asking to combine the entries on various lines, a number in parentheses is a negative number and is subtracted from positive numbers. If all you have is negative numbers, then those entries are added together. Their total then is entered within parentheses, because the total of all negative numbers is a negative number. Several lines on the 2008 Form 6251 are required by the instructions to be entered as negative numbers. That's why parentheses are included in the form on lines 6, 7, 8, 25, and 28.

This relates to US taxation only.

Yeah, a gift from a father to son does get taxed but there are annual exclusions. If the amount of the gift is more than $12,000 (for 2007) then it has to reported by the father and he will have to pay tax for more than that amount. However the son needn't report the gift.

The following gifts have unlimited exclusions though -

1- Gifts to SPOUSE

2 - Gifts directly to a medical or educational institution or even a political organization.

and

3- Charitable gifts

Form 709 must be filled.

Depends entirely on the type of records, the business you're in and the State (which may or may not have something to say about things). As a ROUGH guess, try this: * FInancial -- 8 years * Health records 6 years required, more is better. * Property and dwellings -- indefinite. * A/R -- for the length of the business contract. * Govt. Contracts -- contract will specify.

Form W-4 is an Employee's Withholding Allowance Certificate, which guides your employer in withholding federal income tax from your pay. Attached to this form is the Personal Allowances Worksheet, which you should keep for your records. This Worksheet gives you information for box 5 on Form W-4.

On line A, enter 1 for yourself if no one is claiming you as a dependent.

On line B, enter 1 if you're single with only one job, or you're married, only one job, and your spouse doesn't work, or wages from your second job or your spouse's wages or the total of both are $1,500 or less.

On line C, you can enter 1 for your spouse or enter 0 if you're married and either your spouse works or you have more than one job.

On line D, enter any dependents, other than yourself or your spouse, that you'll be claiming on your tax return.

On line E, enter 1 if you're filing as head of household on your tax return.

On line F, enter 1 if you'll be claiming a credit for at least $1,800 of child/dependent care expenses.

On line G, if you'll be claiming the child tax and/or additional child tax credit, enter 1 for each eligible child plus an additional 1 if you have 6 or more eligible children and your total single income is between $61,000 and $84,000 [$90,000-$119,000 if married].

On line G, if your total single income is less than $61,000 [$90,000 if married], enter 2 for each eligible child and then minus 1 from that figure if you have 3 or more eligible children.

Line H is a total of lines A through G. It should be noted that the amount on line H may be different from the number of exemptions that you actually claim on your return. Go from here to the W-4 unless you're planning to itemize or claim adjustments to income and want to reduce your withholding accordingly or if you have more than one job or you and your spouse both work and your combined earnings exceed $40,000 [$25,000 if married] and need an additional amount withheld. In either case, you should complete the Deductions and Adjustments Worksheet or the Two-Earners/Multiple Jobs Worksheet.

In box 1, fill in your first name and middle initial. In the next box goes your last name.

Box 2 is for your social security number.

To the left of box 3 is a line for your home address [house number and street name]. Check the choice in box 3 that applies: single, married, married but withhold at higher single rate. [Note: In some cases, such as both spouses are working married people don't have enough tax withheld at the married rate, so they can either have their tax withheld at the higher single rate or they can have an additional amount withheld in box 6].

To the left of box 4 is a line for your city/town, state, and zip code. Check box 4 if your last name differs from that shown on your social security card, and it also is noted that you have to call 1-800-772-1213 for a replacement card.

In box 5, enter the total number of allowances that you figured on line H of the Personal Allowances Worksheet or on line 10 of the Deductions and Adjustment Worksheet or on line 3 of the Two-Earners/Multiple Jobs Worksheet.

Only fill in box 7 by writing in the word 'exempt' if you had no tax liability last year and were refunded all of your withheld federal income tax and the same will occur this year. Then all you have to do is sign and date the form on the line between boxes 7 and 8.

There basically are three situations in which your parents can no longer claim you as a dependent. One, you're over the age of 19, aren't a student, provide over half of your own support, and live for half the year or more in your own place. Or two, you're anywhere between the ages of 19-25, are a student, provide over half of your own support, and live for half the year or more in your own place. Or three, your income is more than $3,650, you provide over half of your own support, and you haven't lived in your parents' home all year.

There are several addresses; please see the link below.

You're expected to pay any tax due by the filing deadline of April 15. (If April 15 falls on a weekend, the deadline is extended to the next business day.) Any tax not paid by the due date is assessed interest. A penalty may be charged as well. Form 1040X is Amended U.S. Individual Income Tax Return. Amend your original return promptly for incorrect filing status, income, deductions, or credits.

For more information, go to www.irs.gov/taxtopics for Topic 308 (Amended Returns).

You mail your federal tax forms to Department of the Treasury, Internal Revenue Service Center, at one of the four regional IRS centers. Where you live determines which center you use. If you live in Alabama, Kentucky, Louisiana, Mississippi, Tennessee or Texas, you'd mail the tax forms to Austin, Texas 73301-0002 [zip code 73301-0102 if you use tax]. If you live in Florida, Georgia or the Carolinas, you'd mail the tax forms to Atlanta, Georgia 39901-0002 [zip code 39901-0102 if you owe tax]. If you live in Arkansas, Missouri, Virginia, West Virginia or the northeastern states, you'd mail the forms to Kansas City, Missouri 64999-0002 [zip code 64999-0102 if you owe tax]. If you live in any other state, you'd mail the tax forms to Fresno, California 93888-0002 [zip code 93888-0102 if you owe tax].

To determine the amount of tax withhold, employers use tax tables or the percentage method. With the percentage method, the withholding tax rate ranges from 2 up to 6 percent.

If taxable income is under $8,000 the withholding rate is 2 percent. For taxable income $8,000 - $10,000 the rate is 3 percent. For $10,001 - $12,000 the rate is 4 percent. For $12,001 - $15,000 the rate is 5 percent. For over $15,000 the rate is 6 percent.

For more information, go to Georgia Department of Revenue website, etax.dor.ga.gov. Select Forms and Publications to view State of Georgia Employers Tax Guide.

go to irs.gov and follow the links, various payment types can be made this way

In some cases, such as both spouses working, married people find that not enough tax is being withheld at the married rate, which is the second lowest tax rate after head of household. To solve this, married people can check the 'Married but withhold at higher Single rate' choice in box 3 of Form W-4 [Employee's Withholding Allowance Certificate]. But when it's time to file their tax return, a married person who's having tax withheld at the Single rate would file as Married Filing Jointly. The difference between the higher Single rate and the lower Married Filed Jointly rate can vary from $1 to over $800.

Check the Wisconsin State Statutes in Wisconsin for taxes on lottery winnings. It will give you the percentage.

Well that wouldn't be exactly true..the STATE (or Federal) tax laws may tell you what the required withholding on some income is, which is an estimate of tax FOR THAT jurisdicition, but not for all. And the withholding percentage has really little to do with the tax you will pay...that depends on many, many other factors - other deductions, other income, exemptions, how and when paid/received....etc. (For example, if your a gambler and have 1+ mill of losses...you would pay no tax on this income....although you may pay tax overall). And of course, if it is subject to other things, like FICA, unemploymen, disabiltity. etc., tht many consider tax, depends on a number of other things. And as an example, on the above answer...so whatever is paid eventually to that State as an income tax, becomes a deduction for Federal taxable income and changes the amount of tax one would owe them. So even the same person earning in Wisc would be taxed differently than say in Arizona, because of the different state tax rate.

2 people, even with the same income, infrequently pay the same tax.

A tax deduction of say one million dollars and earning of one million dollars does not mean you will not owe taxes

If your tax year ends on December 31st (as it does for most individuals), your federal income tax return is due by April 15 unless the 15th falls on a weekend. In that case, it's due by the next business day. In 2010, it's due by April 15th. If you file your return after April 15 and you owe tax, then it's considered late and you'll be assessed interest and possibly penalties for filing late.

Service Tax is levied by service organisation like hotels whereas sales tax is added to the cost of goods and collected when goods are sold. Both are collected by the Govt.

If they are legally separated on the last day of the tax year, then yes. Otherwise, no.

Form W-2 (Wage and Tax Statement) is filled out by the employer, not the employee. You're confusing it with Form W-4 (Employee's Withholding Allowance Certificate), which you as an employee fill out. For Single with no dependents, you check the Single option in Box 3. In Box 5, "total number of allowances you are claiming," enter 1 for yourself. That tells your employer to withheld tax at the Single rate, with 1 exemption for yourself and no dependent exemptions.