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

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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 reyou 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-
You cannot sign your return are not eligible or choose not to sign your quence No.” shown in the upper right corelectronically if you are a return electronically, you must complete, ner of the schedule or form. If you have ! first-time filer under age 16 at sign, and file Form 8453 or Form 8453-OL, supporting statements, arrange them in the CAUTION the end of 2004 or if you are whichever applies same order as the schedules or forms they filing certain forms, such as Form 3115, support and attach them last. Do not attach 3468 (if attachments are required), 5713, If you use a paid preparer, ask to sign correspondence or other items unless reyour 8283 (if Section B is completed), 8332, return electronically! quired to do so. Attach a copy of Forms 8858, or 8885. W-2 and 2439 to the front of Form 1040. For more details, visit Also attach Forms W-2G and 1099-R to the www.irs.gov/efile and click on “e-file for front of Form 1040 if tax was withheld. Individual Taxpayers.” Assemble Your Return Forms 8453 and 8453-OL. Your return is Assemble any schedules and forms behind not complete without your signature. If you Form 1040 in order of the “Attachment Se- General Information or 38b or you (or your spouse if filing How To Avoid Common jointly) can be claimed as a dependent on Innocent Spouse Relief Mistakes someone else’s 2004 return, see page 31 to You may qualify for relief from liability for be sure you entered the correct amount on tax on a joint return if (a) there is an under- Mistakes may delay your refund or result in line 39. notices being sent to you. statement of tax because your spouse omit- • If you received capital gain distribu- ted income or claimed false deductions or • Make sure you entered the correct tions but were not required to file Schedule name and social security number (SSN) for credits, (b) you are divorced, separated, or D, make sure you checked the box on line each dependent you claim on line 6c. no longer living with your spouse, or (c) Check that each dependent’s name and 13. given all the facts and circumstances, it SSN agrees with his or her social security • If you are taking the EIC, be sure you would not be fair to hold you liable for the card. Also, make sure you check the box in used the correct column of the EIC Table tax. See Form 8857 or Pub. 971 for more line 6c, column (4), for each dependent for your filing status and the number of details. under age 17 who is also a qualifying child children you have. for the child tax credit. • Remember to sign and date Form • Check your math, especially for the 1040 and enter your occupation(s). Income Tax child tax credit, earned income credit • Attach your Form(s) W-2 and other (EIC), taxable social security benefits, total required forms and schedules. Put all forms Withholding and income, itemized deductions or standard and schedules in the proper order. See Asdeduction, deduction for exemptions, tax- semble Your Return above. Estimated Tax able income, total tax, federal income tax withheld, and refund or amount you owe. • If you owe tax and are paying by Payments for 2005 check or money order, be sure to include all • Be sure you use the correct method to If the amount you owe or the amount you the required information on your payment. figure your tax. See the instructions for line overpaid is large, you may want to file a See the instructions for line 74 on page 55 43 that begin on page 33. new Form W-4 with your employer to for details. • Be sure to enter your SSN in the space change the amount of income tax withheld provided on page 1 of Form 1040. If you from your 2005 pay. For details on how to are married filing a joint or separate return, complete Form W-4, see Pub. 919. also enter your spouse’s SSN. Be sure to What Are Your Rights enter your SSN in the space next to your name. Check that your name and SSN as a Taxpayer? In general, you do not have to make agree with your social security card. You have the right to be treated fairly, proyour 2005 Form 1040 will show a tax re- estimated tax payments if you expect that fessionally, promptly, and courteously by • Make sure your name and address are correct on the peel-off label. If not, enter IRS employees. Our goal at the IRS is to fund or a tax balance due of less than the correct information. If you did not get a protect your rights so that you will have the $1,000. If your total estimated tax (includpeel-off label, enter your (and your highest confidence in the integrity, effi- ing any household employment taxes or al- spouse’s) name in the same order as shown ciency, and fairness of our tax system. To ternative minimum tax) for 2005 is $1,000 on your last return. Check that your name ensure that you always receive such treatagrees with your social security card. ment, you should know about the many sheet you can use to see if you have to or more, see Form 1040-ES. It has a work- • If you are taking the standard deductails, see Pub. rights you have at each step of the tax pro- make estimated tax payments. For more de- tion and you checked any box on line 38a cess. For details, see Pub. 1. 505. -57-
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Note. This booklet does not contain
Page 3 and 4:
What is IRS e-file? It’s the fast
Page 5 and 6: Tax Return Page Reference Questions
Page 7 and 8: Quick and Easy Access to Tax Help a
Page 9 and 10: Topic TeleTax Topics No. Subject No
Page 11 and 12: Before You Fill In Form 1040 See Ho
Page 13 and 14: Chart B—For Children and Other De
Page 15 and 16: Form Item and Box in Which it Shoul
Page 17 and 18: Line 2 December 31, 2004, you were
Page 19 and 20: Form 1040—Lines 7 and 8a less tha
Page 21 and 22: gross income was over $139,500 ($69
Page 23 and 24: Form 1040—Lines 16a and 16b Age (
Page 25 and 26: Form 1040—Lines 20a and 20b Socia
Page 27 and 28: Form 1040—Line 25 IRA Deduction W
Page 29 and 30: Form 1040—Lines 27 Through 29 for
Page 31 and 32: Line 35 Include in the total on lin
Page 33 and 34: Form 1040—Lines 41 and 43 Tax Tab
Page 35 and 36: Line 44 • Tax-exempt interest fro
Page 37 and 38: Line 51—Child Tax Credit What Is
Page 39 and 40: ured the credit. Check box c and en
Page 41 and 42: Lines 65a and 65b— Earned Income
Page 43 and 44: Form 1040—Lines 65a and 65b Conti
Page 45 and 46: Worksheet A—Earned Income Credit
Page 47 and 48: Form 1040—Lines 65a and 65b Works
Page 49 and 50: 2004 Earned Income Credit (EIC) Tab
Page 55: number is 20202086. Do not include
Page 59 and 60: site at www.aarp.org/taxaide or cal
Page 61 and 62: 2004 Tax Table—Continued If line
Page 71 and 72: If line 42 (taxable income) is— A
Page 73 and 74: Order Blank for Forms and Publicati
Page 75 and 76: Disclosure, Privacy Act, and Paperw
Page 77 and 78: Department of the Treasury Internal
Page 79 and 80: more than the general sales tax rat
Page 81 and 82: • You gave gifts of property that
Page 83 and 84: Instructions for Schedule B, after
Page 87 and 88: ing the tax year, and you did not m
Page 89 and 90: also include the amount collected i
Page 91 and 92: line 36. The amount you can deduct
Page 93 and 94: Principal Business or Professional
Page 95 and 96: Partnership Interests vestment. Thi
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
Page 101 and 102: follow the applicable instructions
Page 105 and 106: which you entered the combined tota
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If your rental real estate loss is
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Department of the Treasury Internal
Page 111 and 112:
gain results from redemption of the
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• Deducting the prepayment will n
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2001 Capital Gain Tax Worksheet—L
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2002 Tax Rate Schedules—Line 12 S
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2003 Tax Rate Schedules—Line 16 S
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homes, parking lots, warehouses, an
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Index to Instructions A Foreign Tax
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2004 Instructions for Form 1040 (ALL) - Supreme Law Firm

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