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

Form 1040—Line 75
you are due a refund. which you may be able to lower your pen- return as a surviving spouse, see Death of a
For most people, the “tax shown on your
alty by filing Form 2210. Taxpayer on page 58.
return” is the amount on line 62 minus the
Child’s Return
total of any amounts shown on lines 65a
and 67 and Forms 8828, 4137, 4136, 5329 Third Party Designee
If your child cannot sign the return, either
(Parts III through VIII only), and 8885.
parent can sign the child’s name in the
When figuring the amount on line 62, inber,
or any other person you choose to dis- ture), parent for minor child.”
If you want to allow a friend, family mem- space provided. Then, add “By (your signaclude
the amount on line 61 only if line 63
is more than zero or you would owe the cuss your 2004 tax return with the IRS,
penalty even if you did not include those check the “Yes” box in the “Third Party Daytime Phone Number
taxes. But if you entered an amount on Designee” area of your return. Also, enter
the designee’s name, phone number, and Providing your daytime phone number may
Schedule H, line 7, include the total of that
any five digits the designee chooses as his help speed the processing of your return.
amount plus the amount on Form 1040,
or her personal identification number We may have questions about items on
line 61.
(PIN). But if you want to allow the paid your return, such as the earned income
Exception. You will not owe the penalty if preparer who signed your return to discuss credit, credit for child and dependent care
your 2003 tax return was for a tax year of it with the IRS, just enter “Preparer” in the expenses, etc. By answering our questions
12 full months and either of the following space for the designee’s name. You do not over the phone, we may be able to continue
applies.
have to provide the other information rea
letter. If you are filing a joint return, you
processing your return without mailing you
quested.
1. You had no tax liability for 2003 and may enter either your or your spouse’s dayyou
were a U.S. citizen or resident for all of
If you check the “Yes” box, you, and time phone number.
2003, or
your spouse if filing a joint return, are au-
2. The total of lines 63, 64, and 66 on thorizing the IRS to call the designee to Paid Preparer Must Sign
your 2004 return is at least as much as the answer any questions that may arise during Your Return
tax liability shown on your 2003 return. the processing of your return. You are also
Your estimated tax payments for 2004 must authorizing the designee to:
Generally, anyone you pay to prepare your
have been made on time and for the re-
return must sign it in the space provided.
quired amount.
• Give the IRS any information that is The preparer must give you a copy of the
missing from your return,
return for your records. Someone who
• Call the IRS for information about the prepares your return but does not charge
If your 2003 adjusted gross inyou
should not sign your return.
processing of your return or the status of
come was over $150,000 (over
!
your refund or payment(s),
$75,000 if your 2004 filing sta-
CAUTION
tus is married filing separately), • Receive copies of notices or tran-
item 2 above applies only if the total of scripts related to your return, upon request,
lines 63, 64, and 66 on your 2004 return is and
•
Electronic Return
at least 110% of the tax liability shown on Respond to certain IRS notices about
your 2003 return. This rule does not apply math errors, offsets, and return preparation. Signatures!
to farmers and fishermen.
Create your own personal identification
You are not authorizing the designee to number (PIN) and file a paperless return
Figuring the Penalty receive any refund check, bind you to any- electronically or use a tax professional. If
If the Exception above does not apply and thing (including any additional tax liabil- you are married filing jointly, you and your
you choose to figure the penalty yourself, ity), or otherwise represent you before the spouse will each need to create a PIN and
see Form 2210 (or 2210-F for farmers and IRS. If you want to expand the designee’s enter these PINs as your electronic signaauthorization,
see Pub. 947.
tures.
fishermen) to find out if you owe the penalty.
If you do, you can use the form to
figure the amount.
The authorization will automatically A PIN is any combination of five digits
end no later than the due date (without re- you choose except five zeros. If you use a
Enter the penalty on line 75. Add the gard to extensions) for filing your 2005 tax PIN, there is nothing to sign and nothing to
penalty to any tax due and enter the total on return. This is April 17, 2006, for most mail—not even your Forms W-2.
line 74. If you are due a refund, subtract the people. If you wish to revoke the authorizapenalty
from the overpayment you show on tion before it ends, see Pub. 947.
To verify your identity, you will be
line 71. Do not file Form 2210 with your
prompted to enter your adjusted gross in-
return unless Form 2210 indicates that you
come (AGI) from your originally filed
must do so. Instead, keep it for your recble.
Do not use your AGI from an
2003 federal income tax return, if applica-
amended
ords.
Sign Your Return
return (Form 1040X), a math error notice,
Because Form 2210 is compli- Form 1040 is not considered a valid return or an IRS examination report. AGI is the
TIP cated, if you want to, you can unless you sign it. If you are filing a joint amount shown on your 2003 Form 1040,
leave line 75 blank and the IRS return, your spouse must also sign. If your line 35; Form 1040A, line 22; Form
will figure the penalty and send spouse cannot sign the return, see Pub. 501. 1040EZ, line 4; or on the TeleFile Tax Reyou
a bill. We will not charge you interest Be sure to date your return and enter your cord, line I. If you do not have your 2003
on the penalty if you pay by the date speci- occupation(s). If you have someone pre- income tax return, call the IRS at
fied on the bill. If your income varied dur- pare your return, you are still responsible 1-800-829-1040 to get a free transcript of
ing the year, the annualized income for the correctness of the return. If your your return. You will also be prompted to
installment method may reduce the amount return is signed by a representative for you, enter your date of birth (DOB). Make sure
of your penalty. But you must file Form you must have a power of attorney attached your DOB is accurate and matches the in-
2210 because the IRS cannot figure your that specifically authorizes the representa- formation on record with the Social Securpenalty
under this method. See the Instruc- tive to sign your return. To do this, you can ity Administration by checking your annual
tions for Form 2210 for other situations in use Form 2848. If you are filing a joint social security statement.
Need more information or forms? See page 7. -56-