2004 Instructions for Form 1040 (ALL) - Supreme Law Firm

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Lines 18, 19, and 20 If you filed your 2001, 2002, or 2003 tax return using TeleFile, enter your tax from your TeleFile Tax Record. If you amended your return or the IRS made changes to it, enter the corrected amount. 2003 Qualified Dividends and Capital Gain Tax Worksheet—Line 16 Keep for Your Records Use this worksheet only if: • You entered (a) qualified dividends on your 2003 Form 1040, line 9b (or your 2003 Form 1040A, line 9b) or (b) capital gain distributions directly on your 2003 Form 1040, line 13a (or your 2003 Form 1040A, line 10a) and checked the box on that line and • Your elected farm income on Schedule J, line 2, does not include any net capital gain. 1. Amount from Schedule J, line 15 ........................................... 1. 2. Enter the total of the amounts from your 2003 Form 1040, lines 9b and 13a (or Form 1040A, lines 9b and 10a) .............. 2. 3. Amount, if any, from your 2003 Form 4952, line 4g .......... 3. 4. Subtract line 3 from 2. If zero or less, enter -0- ................................. 4. 5. Enter the smaller of: • The amount on line 1 above or • $56,800 if married filing jointly or qualifying widow(er) for 2003, }. .............. 5. $28,400 if single or married filing separately, or $38,050 if head of household. 6. Subtract line 4 from line 1. If zero or less, enter -0- .............................. 6. 7. Subtract line 6 from line 5. If zero or less, enter -0- and go to line 13 .................. 7. 8. Enter the total of the amounts from your 2003 Form 1040, lines 9b and 13b (or Form 1040A, lines 9b and 10b) ............. 8. 9. Enter the smaller of line 7 or 8 ............................................ 9. 10. Multiply line 8 by 5% (.05) ..............................................................10. 11. Subtract line 9 from line 7. If zero, go to line 13 ................................ 11. 12. Multiply line 11 by 10% (.10) ............................................................12. 13. Enter the smaller of line 1 or line 4 ......................................... 13. 14. Enter the amount from line 7 .............................................. 14. 15. Subtract line 14 from line 13. If zero or less, enter -0- and go to line 23 ................ 15. 16. Enter the total of the amounts from your 2003 Form 1040, lines 9b and 13b (or Form 1040A, lines 9b and 10b) .............16. 17. Enter the amount from line 9 (if line 9 is blank, enter -0-) ......17. 18. Subtract line 17 from line 16 ..........................18. 19. Enter the smaller of line 15 or line 18 ....................................... 19. 20. Multiply line 19 by 15% (.15) ............................................................20. 21. Subtract line 19 from line 15. If zero, go to line 23 .............................. 21. 22. Multiply line 21 by 20% (.20) ............................................................22. 23. Figure the tax on the amount on line 6. Use the 2003 Tax Rate Schedules on page J-7 .....................23. 24. Add lines 10, 12, 20, 22, and 23 ...........................................................24. 25. Figure the tax on the amount on line 1. Use the 2003 Tax Rate Schedules on page J-7 .....................25. 26. Tax. Enter the smaller of line 24 or line 25 here and on Schedule J, line 16 ............................26. J-8
Department of the Treasury Internal Revenue Service 2004 Instructions for Schedule SE (Form 1040) Use Schedule SE (Form 1040) to figure the tax due on net earnings from self-employment. Self-Employment The Social Security Administration uses the information from Schedule SE to figure your benefits under the social security program. This tax applies no matter how old you are and even if you are already getting social security or Medicare benefits. Tax Additional information. See Pub. 533. Section references are to the Internal Revenue Code. IRS approval, you will be exempt from of a religious sect recognized as being in paying SE tax on those net earnings. If you existence at all times since December 31, General Instructions had no other income subject to SE tax, 1950, and which has provided a reasonable What’s New enter “Exempt—Form 4361” on Form level of living for its dependent members, 1040, line 57. However, if you had other you are exempt from SE tax if you received For 2004, the maximum amount of earnings of $400 or more subject to SE tax, IRS approval by filing Form 4029. In this self-employment income subject to social see line A at the top of Long Schedule SE. case, do not file Schedule SE. Instead, enter security tax is $87,900. “Exempt—Form 4029” on Form 1040, If you have ever filed Form Who Must File Schedule SE line 57. See Pub. 517 for details. 2031 to elect social security You must file Schedule SE if: coverage on your earnings as a U.S. Citizens Employed by • Your net earnings from self-employthat election. International Organizations minister, you cannot revoke Foreign Governments or ment (see page SE-2) from other than church employee income were $400 or If you must pay SE tax, include this in- You must pay SE tax on income you earned more, or come on either Short or Long Schedule SE, as a U.S. citizen employed by a foreign • You had church employee income of line 2. But do not report it on Long Sched- government (or, in certain cases, by a $108.28 or more—see Employees of ule SE, line 5a; it is not considered church wholly owned instrumentality of a foreign Churches and Church Organizations betion under the International Organizations employee income. Also, include on line 2: government or an international organizalow. • The rental value of a home or an al- lowance for a home furnished to you (inthe United States, Puerto Rico, Guam, Immunities Act) for services performed in Who Must Pay cluding payments for utilities), and Self-Employment (SE) Tax? • The value of meals and lodging pro- American Samoa, the Commonwealth of vided to you, your spouse, and your depenthe Virgin Islands. Report income from this the Northern Mariana Islands (CNMI), or Self-Employed Persons dents for your employer’s convenience. employment on either Short or Long You must pay SE tax if you had net earn- However, do not include on line 2: Schedule SE, line 2. If you performed servings of $400 or more as a self-employed • Retirement benefits you received ices elsewhere as an employee of a foreign person. If you are in business for yourself from a church plan after retirement, or government or an international organizaor you are a farmer, you are self-employed. • The rental value of a home or an altax. tion, those earnings are exempt from SE You must also pay SE tax on your share lowance for a home furnished to you (inof certain partnership income and your cluding payments for utilities) after U.S. Citizens or Resident Aliens guaranteed payments. See Partnership In- retirement. come or Loss on page SE-2. Living Outside the United States If you were a duly ordained minister If you are a self-employed U.S. citizen or Employees of Churches and who was an employee of a church and you resident alien living outside the United Church Organizations must pay SE tax, the unreimbursed busi- States, in most cases you must pay SE tax. ness expenses that you incurred as a church If you had church employee income of You cannot reduce your foreign earnings employee are allowed only as an itemized $108.28 or more, you must pay SE tax. from self-employment by your foreign deduction for income tax purposes. Subearned income exclusion. Church employee income is wages you retract the allowable amount from your SE ceived as an employee (other than as a minearnings when figuring your SE tax. Exception. The United States has social ister or member of a religious order) of a If you were a U.S. citizen or resident security agreements with many countries to church or qualified church-controlled oreliminate dual taxes under two social securalien serving outside the United States as a ganization that has a certificate in effect minister or member of a religious order and ity systems. Under these agreements, you electing an exemption from employer somust generally pay social security and you must pay SE tax, you cannot reduce cial security and Medicare taxes. your net earnings by the foreign housing Medicare taxes to only the country you live Ministers and Members of exclusion or deduction. in. Religious Orders See Pub. 517 for details. The United States now has social secur- In most cases, you must pay SE tax on sala- ity agreements with the following counries and other income for services you per- Members of Certain Religious tries: Australia, Austria, Belgium, Canada, formed as a minister, a member of a Sects Chile, Finland, France, Germany, Greece, religious order who has not taken a vow of If you have conscientious objections to so- Ireland, Italy, Luxembourg, the Netherpoverty, or a Christian Science practitioner. cial security insurance because of your lands, Norway, Portugal, South Korea, But if you filed Form 4361 and received membership in and belief in the teachings Spain, Sweden, Switzerland, and the SE-1 Cat. No. 24334P
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Note. This booklet does not contain
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What is IRS e-file? It’s the fast
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Tax Return Page Reference Questions
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Quick and Easy Access to Tax Help a
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Topic TeleTax Topics No. Subject No
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Before You Fill In Form 1040 See Ho
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Chart B—For Children and Other De
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Form Item and Box in Which it Shoul
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Line 2 December 31, 2004, you were
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Form 1040—Lines 7 and 8a less tha
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gross income was over $139,500 ($69
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Form 1040—Lines 16a and 16b Age (
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Form 1040—Lines 20a and 20b Socia
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Form 1040—Line 25 IRA Deduction W
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Form 1040—Lines 27 Through 29 for
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Line 35 Include in the total on lin
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Form 1040—Lines 41 and 43 Tax Tab
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Line 44 • Tax-exempt interest fro
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Line 51—Child Tax Credit What Is
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ured the credit. Check box c and en
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Lines 65a and 65b— Earned Income
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Form 1040—Lines 65a and 65b Conti
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Worksheet A—Earned Income Credit
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Form 1040—Lines 65a and 65b Works
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2004 Earned Income Credit (EIC) Tab
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number is 20202086. Do not include
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You cannot sign your return are not
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site at www.aarp.org/taxaide or cal
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2004 Tax Table—Continued If line
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Page 71 and 72: If line 42 (taxable income) is— A
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Page 77 and 78: Department of the Treasury Internal
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Page 83 and 84: Instructions for Schedule B, after
Page 87 and 88: ing the tax year, and you did not m
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Page 97 and 98: If there is an amount in box 1c, se
Page 99 and 100: sale of your main home if you are n
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Page 105 and 106: which you entered the combined tota
Page 107 and 108: If your rental real estate loss is
Page 111 and 112: gain results from redemption of the
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Page 117 and 118: 2001 Capital Gain Tax Worksheet—L
Page 119 and 120: 2002 Tax Rate Schedules—Line 12 S
Page 121: 2003 Tax Rate Schedules—Line 16 S
Page 125 and 126: homes, parking lots, warehouses, an
Page 127 and 128: Index to Instructions A Foreign Tax
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2004 Instructions for Form 1040 (ALL) - Supreme Law Firm

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