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

Index to Instructions
A
Foreign Tax Credit .................. 36 Presidential Election $3 Check-Off ........ 16
Address Change .................... 16 Foreign-Source Income ................ 19 Private Delivery Services .............. 15
Addresses of IRS Centers ........ Back Cover Form W-2 ........................ 19 Public Debt — Gift To Reduce the ......... 58
Adjusted Gross Income .............. 26-31 Forms W-2, 1098, and 1099 — Where To Publications — How To Get .............. 7
Adoption Expenses:
Report Certain Items From .......... 14-15
Credit for ....................... 39 Forms — How To Get .................. 7 Q
Employer-Provided Benefits for ......... 19 Qualified Dividends ......20, 33-34, D-1*, D-2*
Advance Earned Income Credit Payments .... 39 G Qualified Dividends and Capital Gain
Alimony Paid ...................... 30 Gambling .................... 24, A-6* Tax Worksheet ................. 33-34
Alimony Received ................... 21 Gifts to Charity ....................A-4* Qualified Retirement Plans — Deduction for . . . 30
Alternative Minimum Tax ............ 35-36 Golden Parachute Payments ............. 40 Qualified Tuition Program Earnings . . . 11, 24, 39
Amended Return .................... 58 Group-Term Life Insurance — Uncollected
Amount You Owe ................. 55-56 Tax on ........................ 40 R
Annuities ...................... 22-24 Railroad Retirement Benefits:
Archer MSAs ............... 24, 31, 39, 40 H Treated as a Pension ................ 22
At-Risk Rules .............C-6*, E-1*, F-6* Head of Household .................. 17 Treated as Social Security ............ 24
Attachments to the Return .............. 57 Health Insurance
Records — How Long To Keep ........... 58
Deduction — Self-Employed ........... 30 Refund ........................ 54-55
B
Health Savings Accounts ......11, 24, 29, 39, 40 Refund Information ................... 8
Blindness — Proof of ................. 31 Help With Unresolved Tax Issues .......... 6 Refund Offset ...................... 54
Business Income and Expenses
Home — Sale of ...................D-2* Refunds, Credits, or Offsets of State and
(Schedule C) ....................C-1* Household Employment Taxes ........... 39 Local Income Taxes .............. 20-21
Business Use of Home .......A-6*, C-6*, F-6*
Rental Income and Expenses (Schedule E) . . . E-2*
I
Reservists, Expenses of ..............11, 26
C Income ........................ 19-25 Retirement Plan Deduction — Self-Employed . . 30
Capital Gain Distributions .......... 21, D-1* Income Tax Withholding (Federal) ......40, 57 Retirement Savings Contributions Credit ..... 36
Capital Gains and Losses (Schedule D) .....D-1* Individual Retirement Arrangements (IRAs):
Rights of Taxpayers .................. 57
Casualty and Theft Losses .............A-5* Contributions to (line 25) .........11, 26-27 Rollovers ....................22, 23-24
Charity — Gifts to ..................A-4* Credit for Contributions to ............ 36 Roth IRAs ......................22, 26
Child and Dependent Care
Distributions from (lines 15a and 15b) ..... 22 Rounding Off to Whole Dollars .......... 19
Expenses — Credit for ............... 36 Nondeductible Contributions to .....22, 26-27 Royalties ........................E-3*
Child tax credits ........... 11, 18, 37-38, 54 Injured Spouse Claim ................. 54
Children of Divorced or Separated Parents .... 18 Innocent Spouse Relief ................ 57 S
Clean-Fuel Vehicles .................. 31 Installment Payments ...............10, 55 S Corporations ................E-5*, E-6*
Commissioner’s Message ............... 2 Interest:
Sale of Home .....................D-2*
Community Property States ............. 19
Late Payment of Tax ................ 59
Penalty on Early Withdrawal of Savings . . . 30
Scholarship and Fellowship Grants ........ 19
Contributions to Reduce Debt Held by the
Interest Income:
Self-Employment Tax:
Public ......................... 58
Exclusion of Savings Bond Interest ......B-1*
Deduction for One-Half of ............ 30
Corrective Distributions ............... 19 Nominee ......................B-1*
Income Subject to ...............SE-2*
Customer Service Standards .............. 6 Tax-Exempt ................. 20, B-1* Signing Your Return ............... 56-57
Taxable .................... 19, B-1* Single Person ...................... 16
D Interest You Paid ..................A-3* Social Security and Equivalent Railroad
Daycare Center Expenses .............. 36 Itemized Deductions or Standard
Retirement Benefits .............. 24-25
Death of a Taxpayer ................. 58 Deduction .................... 31-32 Social Security Number .............16, 58
Debt Held by the Public, Gift to Reduce ..... 58
Standard Deduction or Itemized
Dependent Care Benefits ............... 19 K
Deduction .................... 31-32
Dependents: Kidnapped Child — Parent of ............ 58
State and Local Income Taxes — Taxable
Exemptions for ................... 18
Refunds, Credits, or Offsets of ........ 20-21
Standard Deduction ................ 32 Statutory Employees ......... 19, C-3*, C-6*
L
Who Can Be Claimed as ............. 18
Student Loan Interest Deduction .......... 28
Line Instructions for Form 1040 ........ 16-57
Direct Deposit of Refund ............ 54-55
Long-Term Care Insurance ......... 30, A-1*
Dividends:
T
Nominees ......................B-1*
Lump-Sum Distributions ............... 24
Tax and Credits .................. 31-40
Nondividend Distributions ............ 20 Figured by the IRS ............ 33, 36, 44
Ordinary Dividends ................ 20 M
Other Taxes:
Qualified Dividends ....20, 33-34, D-1*, D-2* Married Persons:
Alternative Minimum Tax ......... 35-36
Divorced or Separated Parents — Children of . . 18 Filing Joint Returns ................ 17 IRAs and Other Tax-Favored Accounts . . . 39
Donations .......................A-4* Filing Separate Returns .............. 17 Lump-Sum Distributions ............ 24
Dual-Status Aliens .................12, 17 Living Apart ..................... 17 Recapture ..................... 40
Medical and Dental Expenses ...........A-1* Section 72(m)(5) ................. 40
E
Mileage Rates, Standard . . . 11, A-1*, A-4*, C-3* Tax Computation Worksheet ..........11, 72
Earned Income Credit (EIC) .........11, 41-53
Miscellaneous Itemized Deductions . . . A-5*, A-6* Tax Rate Schedules ................11, 76
Combat Pay, Nontaxable ...........11, 43 Mortgage Interest Credit ........... 39, A-4* Tax Table ...................... 60-71
Education:
Moving Expenses .................11, 29 Taxes You Paid ...................A-2*
Credits .................... 36, A-6*
Taxpayer Advocate — Office of ............ 6
Expenses ............ 11, 28-29, 36, A-6* N
Teachers — Deduction for .............. 26
Recapture of Education Credits ......... 33 Name Change ....................16, 58 Telephone Assistance:
Savings Accounts ................24, 39 National Debt — Gift To Reduce the ........ 58 Federal Tax Information ............. 8-10
Educator Expenses ................... 26 Nonresident Alien .............. 12, 16, 17 TeleTax ........................8-9
Elderly Persons:
Third Party Designee ................. 56
Credit for ....................... 36 O
Tip Income .....................19, 39
Expenses for Care of ................ 36
Offsets .......................... 54
Tips Reported to Employer — Uncollected
Standard Deduction ................ 32 Tax on ........................ 40
Electronic Filing
Order Blank for Forms and Publications ..... 73
Trusts — Foreign ...................B-2*
(e-file) ............3, 7, 12, 14, 16, 54, 55, Original Issue Discount (OID) ..........B-2*
Tuition and Fees Deduction ...........11, 29
56-57 Other Income ...................... 24
Tuition Program Earnings ......... 11, 24, 39
Employee Business Expenses ...........A-5* Other Taxes ..................... 39-40
Estates and Trusts ..................E-6*
P
U
Estimated Tax .............. 40, 55, 56, 57 U.S. Citizens and Resident Aliens Living
Everyday Tax Solutions ............... 59 Partnership Expenses — Unreimbursed .....E-6* Abroad ......................12, 19
Excess Salary Deferrals ............... 19 Partnerships ..................E-5*, E-6* Unemployment Compensation ........... 24
Excess Social Security and Tier 1 RRTA
Passive Activity:
Tax Withheld .................... 54 Losses ................C-2*, E-1*, F-2*
Material Participation ..........C-2*, F-2* W
Exemptions .....................18, 33
Payments ...................... 40-54 What if You Cannot Pay? ............10, 55
Extension of Time To File ............12, 54
Penalty:
When Should You File? ............... 12
Early Withdrawal of Savings ........... 30 Where Do You File? .........12, Back Cover
F
Estimated Tax .................. 55-56 Who Must File ...................12, 13
Farm Income and Expenses (Schedule F) ....F-1* Frivolous Return .................. 59 Who Should File .................... 12
Farm Income Averaging (Schedule J) ...... J-1* Late Filing ...................... 59 Widows and Widowers, Qualifying ........ 17
Fee-Basis Government Officials, Late Payment .................... 59 Winnings — Prizes, Gambling, and Lotteries
Expenses of ...................11, 26 Other ......................... 59 (Other Income) ................... 24
Filing Requirements ................ 12-13 Pensions and Annuities .............. 22-24 Withholding — Federal Income Tax ......40, 57
Filing Status — Which Box To Check ..... 16-17 Performing Artists, Expenses of ........11, 26
Foreign Accounts and Trusts ...........B-2*
* These items may not be included in this package. To reduce printing costs, we have sent you only the forms you may need based on what you filed last year.