Fiduciary Income Tax

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Fiduciary Income Tax"

Transcription

1 Fiduciary Income Tax Prepared For: Western New York Paralegal Association January, 0 Presented By: Dale B. Demyanick, CPA Robert P. Ingrasci, CPA Cyclorama Building 9 Franklin Street Buffalo, New York Fax: -8-

2 Fiduciary Income Tax January, 0 I. Introduction a. Form 0 - U.S. Income Tax Return for Estates and Trusts b. Due date of Form 0 - th day of the th month after end of tax year. c. Extension of Time to File - Form 00 - Five-Month Extension d. Form 0 Filing Requirements: i. Any taxable income for the tax year, ii. Gross income for the tax year of $00 or more, or iii. A nonresident alien beneficiary e. Estimated tax payment requirements: i. Trusts ii. Estates II. Types of Trusts a. Simple Trust: i. All income must be distributed annually ii. Trustee may have authority to distribute amounts allocated to corpus iii. Tax Exemption - $00 iv. Most Common Types:. Inter vivos Trust. Testamentary Trust b. Complex Trust: i. Does not qualify as a Simple Trust ii. Trustee may have authority to distribute income and/or corpus iii. Tax Exemption - $00

3 III. Year End c. Grantor Trust (Revocable): i. All items of income and expense pass through to Grantor ii. No Tax Exemption iii. Grantor usually retains control of trust assets iv. Trust becomes irrevocable at Grantor's death a. All Trusts must use the calendar year for income tax purposes. b. Decedent's Estate may choose calendar year or fiscal year for income tax purposes. i. The year end is determined when the first return is filed, which may not be more than months from the date of death and must end on the last day of a month. IV. Information Required to Prepare Form 0 a. Copy of Trust Instrument (Will in the case of an Estate or Testamentary Trust) b. Bank and Brokerage Account Forms 099 c. Partnership, estate, trust, S corporation income or loss (Form K-) d. Details of sales or exchanges of securities, including cost basis e. Rental Income f. All other income V. Expenses/Deductions a. Deductible Expenses on Form 0: i. Attorney Fees ii. Fiduciary Fees iii. Accountant and Tax Preparation Fees iv. Real Estate Taxes v. Administration Expenses vi. Charitable deductions made under the terms of the will or trust agreement vii. Miscellaneous Deductions subject to the % Floor. Investment Advisory Fees

4 b. Expenses not deductible on Form 0: i. Household maintenance and repairs ii. Utilities c. Allocation of Deductible Expenses: i. Income - Generally One Third (/) ii. Principal - Generally Two Thirds (/) iii. Exception:. Fees allocable to preparation of Fiduciary Accounting - 00% Principal iv. Allocation of Deductions to Tax-Exempt Income d. Income distribution deduction VI. Accounting Income a. Income available to be distributed to the income beneficiary after allocable expenses (One- Third portion) have been subtracted. VII. Net Investment Income Tax (NIIT) (Medicare Tax) a..8% Medicare Tax on the lesser of: i. The Trust's or Estate's undistributed net investment income, or ii. The excess of the Trust's Adjusted Gross Income (AGI) over the dollar amount at which the highest tax bracket begins for the tax year $,90 b. Net Investment Income: i. Investment income less allocable expenses ii. Includes, but is not limited to, interest, dividends, capital gains, rental and royalty income, non-qualified annuities, business income from passive trades or businesses. c. Excluded Trusts: i. Charitable Trusts pursuant to IRC Sec. 0 or ii. Grantor Trusts (NII reported by Grantor on Form 00)

5 VIII. Other Issues a. Section (b) election: i. Income may be distributed to beneficiaries within days after the end of the year. ii. Qualifies for income distribution deduction in year prior to distribution. iii. The beneficiary (ies) will report the income for the year in which the deduction was taken. b. Final Returns: i. Excess deductions upon termination ii. Capital loss carryovers iii. No income tax to Trust/Estate IX. State Income Tax Issues a. File return for state of domicile. b. File returns for states in which income is produced c. Provide fiduciary adjustment items for beneficiaries i. U.S. Treasury Interest ii. Municipal bond interest for nonresident states iii. State income taxes paid

6 0 Department of the Treasury U.S. Income Tax Return for Estates and Trusts 0 For calendar year 0 or fiscal year beginning, 0 and ending, OMB No Name of estate or trust (If a grantor type trust, see the instructions.) A Check all that apply: C Employer identification number Decedent's estate 890 " Simple trust BRIDGET BOLAND TRUST D Date entity created X Complex trust Qualified disability trust Name and title of fiduciary 0//000 E Nonexempt charitable and splitinterest ESBT (S portion only) DALE B. DEMYANICK, TRUSTEE trusts, check applicable Grantor type trust Number, street, and room or suite no. (If a P.O. box, see the instructions.) box(es), see instructions. Form Bankruptcy estate-ch. Described in sec. 9(a)(). Bankruptcy estate-ch. City or town, state or province, country, and ZIP or foreign postal code Check here if not a private foundation Pooled income fund BUFFALO, NY 0 Described in sec. 9(a)() B Number of Schedules K- F Check Initial return Final return Amended return Net operating loss carryback applicable attached boxes: Change in trust's name Change in fiduciary Change in fiduciary's name Change in fiduciary's address G Check here if the estate or filing trust made a section election Trust EIN Interest income ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SEE STATEMENT a Total ordinary dividends ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SEE STATEMENT a b Qualified dividends allocable to: () Beneficiaries 0,00 () Estate or trust Business income or (loss). Attach Schedule C or C-EZ (Form 00) ~~~~~~~~~~~~~~~~~~~~~~ Capital gain or (loss). Attach Schedule D (Form 0) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Rents, royalties, partnerships, other estates and trusts, etc. Attach Schedule E (Form 00) ~~~~~~~~~~~~ Farm income or (loss). Attach Schedule F (Form 00) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Ordinary gain or (loss). Attach Form 9 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 8 Other income. List type and amount 8 9 Total income. Combine lines, a, and through Interest. Check if Form 9 is attached ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 0 Taxes ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Fiduciary fees ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Charitable deduction (from Schedule A, line ) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Attorney, accountant, and return preparer fees ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ a Other deductions not subject to the % floor (attach schedule) ~~~~~~~~~~~~~~~~~~~~~~~~~ STMT a b Net operating loss deduction (see instructions) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ b c Allowable miscellaneous itemized deductions subject to the % floor ~~~~~~~~~~~~~~~~~~~~~~ c Add lines 0 through c Adjusted total income or (loss). Subtract line from line 9 ~~~~~~~~~~,80 8 Income distribution deduction (from Schedule B, line ). Attach Schedules K- (Form 0) ~~~~~~~~~~~ 8 9 Estate tax deduction including certain generation-skipping taxes (attach computation) ~~~~~~~~~~~~~~ 9 0 Exemption ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 0 Add lines 8 through 0 Taxable income. Subtract line from line. If a loss, see instructions ~~~~~~~~~~~~~~~~~~~~ Total tax (from Schedule G, line ) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Payments: a 0 estimated tax payments and amount applied from 0 return ~~~~~~~~~~~~~~~~ a b Estimated tax payments allocated to beneficiaries (from Form 0-T) ~~~~~~~~~~~~~~~~~~~~~ b c Subtract line b from line a ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ c d Tax paid with Form 00 (see instructions) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ d e Federal income tax withheld. If any is from Form(s) 099, check ~~~~~~~~~~~~~~~~~~ e Other payments: f Form 9 ; g Form ; Total h Total payments. Add lines c through e, and h~~~~~~~~~~~~~~~~~~~~~~~~~~~ Estimated tax penalty (see instructions) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Tax due. If line is smaller than the total of lines and, enter amount owed ~~~~~~~~~~~~~~~~ 8 Overpayment. If line is larger than the total of lines and, enter amount overpaid ~~~~~~~~~~~~~ 8 9 Amount of line 8 to be: a Credited to 0 estimated tax ; b Refunded 9 Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Income Deductions Tax and Payments Sign Here Paid Preparer Use Only = LHA 9 FRANKLIN STREET Signature of fiduciary or officer representing fiduciary Date EIN of fiduciary if a Print/Type preparer's name Preparer's signature financial institution For Paperwork Reduction Act Notice, see the separate instructions. May the IRS discuss this return with the preparer shown below (see instr.)? X Yes No Date Check if PTIN DALE B. DEMYANICK self- employed P00 Firm's name LUMSDEN & MCCORMICK, LLP 9 Firm's EIN 9-08 Firm's address 9 FRANKLIN STREET BUFFALO, NY 0 Phone no " 0,00 0,0,0,,80 0,90-0 Form (0)

7 Form 0 (0) Schedule A Charitable Deduction. Do not complete for a simple trust or a pooled income fund. Amounts paid or permanently set aside for charitable purposes from gross income (see instructions) ~~~~~~~~~~ Tax-exempt income allocable to charitable contributions (see instructions) ~~~~~~~~~~~~~~~~~~~~~~ Subtract line from line ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Capital gains for the tax year allocated to corpus and paid or permanently set aside for charitable purposes ~~~~~~~~ Add lines and ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Section 0 exclusion allocable to capital gains paid or permanently set aside for charitable purposes (see instructions) ~~ Charitable deduction. Subtract line from line. Enter here and on page, line Schedule B 8 Distributable net income. Combine lines through. If zero or less, enter -0- If a complex trust, enter accounting income for the tax year as ~~~~~~~~~~~~~~~~~~~~ determined under the governing instrument and applicable local law ~~~~~~~~~ 8 9 Income required to be distributed currently ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 0 Other amounts paid, credited, or otherwise required to be distributed ~~~~~~~~~~~~~~~~~~~~~~~~~ Total distributions. Add lines 9 and If greater than line 8, see instructions ~~~~~~~~~~~~~~~~~~~~~ Enter the amount of tax-exempt income included on line ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Tentative income distribution deduction. Subtract line from line ~~~~~~~~~~~~~~~~~~~~~~~~~ Tentative income distribution deduction. Subtract line from line. If zero or less, enter -0- ~~~~~~~~~~~~~~~ Income distribution deduction. Enter the smaller of line or line here and on page, line 8 Schedule G Tax Computation (see instructions) Tax: a Tax on taxable income (see instructions) ~~~~~~~~~~~~~~~~~ a b Tax on lump-sum distributions. Attach Form 9 ~~~~~~~~~~~~~ b c Alternative minimum tax (from Schedule I (Form 0), line ) ~~~~~~~ c d Total. Add lines a through c a Foreign tax credit. Attach Form ~~~~~~~~~~~~~~~~~~~~~~~ a b General business credit. Attach Form 800 ~~~~~~~~~~~~~~~~~~~~ b c Credit for prior year minimum tax. Attach Form 880 ~~~~~~~~~~~~~~~~ c d Bond credits. Attach Form 89 ~~~~~~~~~~~~~~~~~~~~~~~~~ d e Total credits. Add lines a through d ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Subtract line e from line d. If zero or less, enter -0- ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Net investment income tax from Form 890, line ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Recapture taxes. Check if from: Form Form 8 ~~~~~~~~~~~~~~~~~~~~~~~ Household employment taxes. Attach Schedule H (Form 00) ~~~~~~~~~~~~~~~~~~~~~~~~~~~ Total tax. Add lines through. Enter here and on page, line Adjusted total income (see instructions) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Adjusted tax-exempt interest ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Total net gain from Schedule D (Form 0), line 9, column () (see instructions) ~~~~~~~~~~~~~~~~~~~ Enter amount from Schedule A, line (minus any allocable section 0 exclusion) ~~~~~~~~~~~~~~~~~~ Capital gains for the tax year included on Schedule A, line (see instructions) ~~~~~~~~~~~~~~~~~~~~~ Enter any gain from page, line, as a negative number. If page, line, is a loss, enter the loss as a positive number ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Other Information BRIDGET BOLAND TRUST -890 Income Distribution Deduction 9,0 Did the estate or trust receive tax-exempt income? If "Yes," attach a computation of the allocation of expenses ~~~~~~~~~~~~~~~~~ Enter the amount of tax-exempt interest income and exempt-interest dividends $ Did the estate or trust receive all or any part of the earnings (salary, wages, and other compensation) of any individual by reason of a contract assignment or similar arrangement? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ At any time during calendar year 0, did the estate or trust have an interest in or a signature or other authority over a bank, securities, or other financial account in a foreign country? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ See the instructions for exceptions and filing requirements for FinCEN Form. If "Yes," enter the name of the foreign country During the tax year, did the estate or trust receive a distribution from, or was it the grantor of, or transferor to, a foreign trust? If "Yes," the estate or trust may have to file Form See instructions ~~~~~~~~~~~~~~~~~~~~~~~~~~ X Did the estate or trust receive, or pay, any qualified residence interest on seller-provided financing? If "Yes," see the instructions for required attachment ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ X If this is an estate or a complex trust making the section (b) election, check here (see instructions) ~~~~~~~~~~~~~~~~ To make a section (e)() election, attach Schedule D (Form 0), and check here (see instructions) ~~~~~~~~~~~~~~~ 8 If the decedent's estate has been open for more than years, attach an explanation for the delay in closing the estate, and check here ~~~ 9 Are any present or future trust beneficiaries skip persons? See instructions X Form (0) 9 0 d e Yes 0 Page,80,80 0,00 0,00 0,00,80, E BRIDGET BOLAND TRUST E0-D No X X X

U.S. Income Tax Return for an S Corporation

U.S. Income Tax Return for an S Corporation Form 1120S U.S. Income Tax Return for an S Corporation Do not file this form unless the corporation has filed or is attaching Form 2553 to elect to be an S corporation. Information about Form 1120S and

More information

1040 U.S. Individual Income Tax Return 2013

1040 U.S. Individual Income Tax Return 2013 F or Department of the Treasury Internal Revenue Service (99) U.S. Individual Income Tax Return 23 m OMB No. 55-7 IRS Use Only Do not write or staple in this space. For the year Jan. Dec. 3, 23, or other

More information

Number, street, and room or suite no. If a P.O. box, see the instructions. City or town, state or province, country, and ZIP or foreign postal code

Number, street, and room or suite no. If a P.O. box, see the instructions. City or town, state or province, country, and ZIP or foreign postal code Form 1065 Department of the Treasury Internal Revenue Service A Principal business activity U.S. Return of Partnership Income For calendar year 2015, or tax year beginning, 2015, ending, 20. Information

More information

1040 U.S. Individual Income Tax Return 2015

1040 U.S. Individual Income Tax Return 2015 Form Department of the Treasury - Internal Revenue Service (99) 040 U.S. Individual Income Tax Return OMB No. 545-0074 For the year Jan. -Dec. 3,, or other tax year beginning,, ending, 20 Your first name

More information

Nebraska. Fiduciary Income Tax Booklet. Nebraska. Department of Revenue. ne dep of 8-305-97

Nebraska. Fiduciary Income Tax Booklet. Nebraska. Department of Revenue. ne dep of 8-305-97 1 9 9 7 Nebraska Fiduciary Income Tax Booklet ne dep of Nebraska Department of Revenue 8-305-97 1997 Nebraska Fiduciary Income Tax INSTRUCTIONS FIDUCIARY DEFINED. The term fiduciary means a trustee, personal

More information

COVER PAGE. Filing Checklist for 2013 Tax Return Filed On Standard Forms. Prepared on: 01/30/2014 09:52:47 am

COVER PAGE. Filing Checklist for 2013 Tax Return Filed On Standard Forms. Prepared on: 01/30/2014 09:52:47 am COVER PAGE Filing Checklist for 23 Tax Return Filed On Standard Forms Prepared on: /3/24 9:52:47 am Return: C:\Users\Smokey\Desktop\Tax\23 Whittenburg\Ch. 8\Robert Ramos 23 Tax Return.T3 To file your 23

More information

FEIN. Qualified Funeral Trust SSN:

FEIN. Qualified Funeral Trust SSN: STATE OF WEST VIRGINIA State Tax Department, Tax Account Administration Division P.O. Box 1071 Charleston, WV 534-1071 Estate or Trust Name FEIN Address City State Zip WEST VIRGINIA FIDUCIARY INCOME TAX

More information

1040 U.S. Individual Income Tax Return 2013

1040 U.S. Individual Income Tax Return 2013 F or Department of the Treasury Internal Revenue Service (99) 1 U.S. Individual Income Tax Return 21 m OMB No. 155-7 IRS Use Only Do not write or staple in this space. For the year Jan. 1 Dec. 1, 21, or

More information

U.S. Corporation Income Tax Return For calendar year 2015 or tax year beginning, 2015, ending, 20

U.S. Corporation Income Tax Return For calendar year 2015 or tax year beginning, 2015, ending, 20 Form 1120 Department of the Treasury Internal Revenue Service A Check if: 1a Consolidated return (attach Form 851). b Life/nonlife consolidated return... 2 Personal holding co. (attach Sch. PH).. 3 Personal

More information

Tax Tips. Sidney Kess. Trusts have historically been used for a variety of reasons: to benefit family

Tax Tips. Sidney Kess. Trusts have historically been used for a variety of reasons: to benefit family Tax Tips Sidney Kess This article was drafted in conjunction with Robert S. Barnett, CPA, JD, MS (Taxation). Mr. Barnett is a partner at Capell Barnett Matalon & Schoenfeld LLP in Jericho, New York, where

More information

U.S. Life Insurance Company Income Tax Return For calendar year 2014 or tax year beginning, 2014, ending, 20

U.S. Life Insurance Company Income Tax Return For calendar year 2014 or tax year beginning, 2014, ending, 20 Form 1120-L Department of the Treasury Internal Revenue Service A Check if: 1 Consolidated return (attach Form 851). 2 Life-nonlife consolidated return.. 3 Schedule M-3 (Form 1120-L) attached... U.S. Life

More information

2012 IT 1041 2012 IT 1041 IT 1041 ,,. 0 0. Fiduciary Income Tax Return. Mail to: Ohio Dept. of Taxation P.O. Box 2619 Columbus, OH 43216-2619

2012 IT 1041 2012 IT 1041 IT 1041 ,,. 0 0. Fiduciary Income Tax Return. Mail to: Ohio Dept. of Taxation P.O. Box 2619 Columbus, OH 43216-2619 Do not use staples Use only black ink Federal employer ID number (FEIN) Use UPPERCASE letters Name of trust or estate 12180102 Social Security no of decedent (estates only) Rev 12/12 For taxable year beginning

More information

U.S. Property and Casualty Insurance Company Income Tax Return. For calendar year 2014, or tax year beginning, 2014, and ending, 20.

U.S. Property and Casualty Insurance Company Income Tax Return. For calendar year 2014, or tax year beginning, 2014, and ending, 20. Form 1120-PC Department of the Treasury Internal Revenue Service A Check if: 1 Consolidated return (attach Form 851). 2 Life-nonlife consolidated return.. 3 Schedule M-3 (Form 1120-PC) attached... U.S.

More information

City or town State ZIP code +4 ME YE

City or town State ZIP code +4 ME YE $ OR FISCAL YEAR BEGINNING, ENDING Federal Employer Identification Number (9 digits) Applied for Date (MMDDYY) Print Using Blue or Black Ink Only Date of Organization or Incorporation (MMDDYY) Name Business

More information

Income Tax Considerations for Trusts and Estates: Avoiding the New Income Taxes. By: Robert Barnett CPA, JD, MS (Taxation)

Income Tax Considerations for Trusts and Estates: Avoiding the New Income Taxes. By: Robert Barnett CPA, JD, MS (Taxation) Income Tax Considerations for Trusts and Estates: Avoiding the New Income Taxes By: Robert Barnett CPA, JD, MS (Taxation) I. The Importance of Trust and Estate Taxes Today a. The trust is recognized as

More information

Who Must Make Estimated Tax Payments

Who Must Make Estimated Tax Payments 2014 Form Estimated Income Tax for Estates and Trusts Section references are to the Internal Revenue Code unless otherwise noted. Future Developments For the latest information about developments related

More information

Instructions for Form 8960

Instructions for Form 8960 2014 Instructions for Form 8960 Net Investment Income Tax Individuals, Estates, and Trusts Department of the Treasury Internal Revenue Service Section references are to the Internal Revenue Code unless

More information

The Planner s Guide to the 1040 Form!

The Planner s Guide to the 1040 Form! The Planner s Guide to the 1040 Form! Unlocking the annuity and life insurance planning opportunities that other financial advisors are out of position to pursue. PLAN Noun - \plan\ Definition - A program

More information

1040 U.S. Individual Income Tax Return 2015

1040 U.S. Individual Income Tax Return 2015 Form Department of the Treasury - Internal Revenue Service (99) 1040 U.S. Individual Income Tax Return 2015 OM. 1545-0074 For the year Jan. 1-Dec. 31, 2015, or other tax year beginning, 2015, ending, 20

More information

1040 U.S. Individual Income Tax Return 2015

1040 U.S. Individual Income Tax Return 2015 Form - (99) 1040 U.S. Individual Tax Return For the year Jan. 1-Dec. 31,, or other tax year beginning,, ending, 20 Your first name and initial Last name If a joint return, spouse's first name and initial

More information

FIDUCIARY INCOME TAX RETURNS -- FORM 1041 WORKSHOP 1041/14/01-P1

FIDUCIARY INCOME TAX RETURNS -- FORM 1041 WORKSHOP 1041/14/01-P1 FIDUCIARY INCOME TAX RETURNS -- FORM 1041 WORKSHOP 1041/14/01-P1 Table of Contents Introduction to Fiduciary Returns... 1 Common Trusts... 2 Income Taxation of Estates and Trusts... 3 Income of Estates

More information

Estate and Trust Form 1041 Issues for Tax Return Preparers

Estate and Trust Form 1041 Issues for Tax Return Preparers Estate and Trust Form 1041 Issues for Tax Return Preparers Allocating Income and Deductions, Calculating DNI, Understanding Reporting Rules for Trusts, and More WEDNESDAY, FEBRUARY 27, 2013, 1:00-2:50

More information

United States Estate (and Generation-Skipping Transfer) Tax Return

United States Estate (and Generation-Skipping Transfer) Tax Return Form 706 (Rev. August 2013) Department of the Treasury Internal Revenue Service United States Estate (and Generation-Skipping Transfer) Tax Return Estate of a citizen or resident of the United States (see

More information

North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns

North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns June 3 2016 North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns Governor McCrory signed into law Session Law 2016-6

More information

How are trusts and estates taxed for income tax purposes?

How are trusts and estates taxed for income tax purposes? Income Taxation of Trusts and Estates How are trusts and estates taxed for income tax purposes? What are the general income tax rules for trusts? What are the general income tax rules for estates? What

More information

This is not a current year tax form and cannot be used to file a 2009 return. If you use this form for a tax year other than is intended, it will not

This is not a current year tax form and cannot be used to file a 2009 return. If you use this form for a tax year other than is intended, it will not This is not a current year tax form and cannot be used to file a 2009 return If you use this form for a tax year other than is intended, it will not be processed Instead, it will be returned to you with

More information

2013 LANSING INDIVIDUAL INCOME TAX FORMS AND INSTRUCTIONS

2013 LANSING INDIVIDUAL INCOME TAX FORMS AND INSTRUCTIONS 2013 LANSING INDIVIDUAL INCOME TAX FORMS AND INSTRUCTIONS Form L-1040 For use by individual residents, part-year residents and nonresidents ALL PERSONS HAVING LANSING TAXABLE INCOME IN 2013 MUST FILE A

More information

ANALYSIS OF THE SELF-EMPLOYED BORROWER CASE STUDY. Copyright 2010 Genworth Financial, Inc. All Rights Reserved Rev. 1010

ANALYSIS OF THE SELF-EMPLOYED BORROWER CASE STUDY. Copyright 2010 Genworth Financial, Inc. All Rights Reserved Rev. 1010 ANALYSIS OF THE SELF-EMPLOYED BORROWER CASE STUDY Copyright 2010 Genworth Financial, Inc. All Rights Reserved Rev. 1010 1 a Employee s SSN 500-22-2000 b Employer ID No. (EIN) 12-1234567 OMB No. 1545-0008

More information

Form 990-EZ and supplemental forms and schedules. Sign and date: An officer must sign and date Form 990-EZ on page 4.

Form 990-EZ and supplemental forms and schedules. Sign and date: An officer must sign and date Form 990-EZ on page 4. Federal Filing Instructions 2014 Name(s) as shown on return Your Social Security Number Date to file by: 08-17-2015 Form to be filed: Form 990-EZ and supplemental forms and schedules Sign and date: An

More information

Instructions for Form 1045

Instructions for Form 1045 2015 Instructions for Form 1045 Application for Tentative Refund Department of the Treasury Internal Revenue Service General Instructions Future developments. For the latest information about developments

More information

(and proxy tax under section 6033(e)) 2011 SEATTLE, WA 98102 523000

(and proxy tax under section 6033(e)) 2011 SEATTLE, WA 98102 523000 Form Department of the Treasury Internal Revenue Service A For calendar year 211 or other tax year beginning, and ending 34 Unrelated business taxable income. Subtract line 33 from line 32. If line 33

More information

Guide for filing a United States Non-Resident Income Tax Return

Guide for filing a United States Non-Resident Income Tax Return Guide for filing a United States Non-Resident Income Tax Return Tax Year 2012 Prepared for Re:Sound By Deloitte LLP, Global Employer Services, Toronto September 6, 2013 Deloitte LLP and affiliated entities.

More information

D-76. District of Columbia (DC) Estate Tax Forms and Instructions For Estates of Individuals Who Died on January 1, 2011 or After

D-76. District of Columbia (DC) Estate Tax Forms and Instructions For Estates of Individuals Who Died on January 1, 2011 or After Government of the District of Columbia Office of the Chief Financial Officer Office of Tax and Revenue D-76 District of Columbia (DC) Estate Tax Forms and Instructions For Estates of Individuals Who Died

More information

FORM NP OCCUPATIONAL LICENSE TAX NET PROFIT RETURN

FORM NP OCCUPATIONAL LICENSE TAX NET PROFIT RETURN City of Henderson PO Box 671 Henderson, KY 42419-0671 OCCUPATIONAL LICENSE TAX NET PROFIT RETURN DUE APRIL 15TH OR THE 15TH DAY OF THE 4TH MONTH FOLLOWING THE CLOSE OF THE FEDERAL TAX YEAR FORM NP Name

More information

IT-2105-I. New York State New York City Yonkers MCTMT

IT-2105-I. New York State New York City Yonkers MCTMT Department of Taxation and Finance Instructions for Form IT-2105 Estimated Tax Payment Voucher for Individuals New York State New York City Yonkers MCTMT IT-2105-I Did you know? You can pay your estimated

More information

The 3.8% Medicare Surtax on Investment Income

The 3.8% Medicare Surtax on Investment Income Wealth Strategy Report The 3.8% Medicare Surtax on Investment Income OVERVIEW Beginning in 2013, certain investment income will be subject to an additional 3.8% surtax, enacted as part of the Health Care

More information

K CORPORATE INCOME TAX

K CORPORATE INCOME TAX K-120 (Rev. 7-15) Page 1 of 6 2015 CORPORATE INCOME TA 000 151015 01012015 ending 12312015 For the taxable year beginning BUSINESSNAME INCAREOFORADDRESSLINE ADDRESS CITY ST - EIN this entity EIN Federal

More information

Instructions for Form 1045

Instructions for Form 1045 2014 Instructions for Form 1045 Application for Tentative Refund Department of the Treasury Internal Revenue Service General Instructions Future developments. For the latest information about developments

More information

NOL Worksheets. See Instruction 15.

NOL Worksheets. See Instruction 15. FORM AMENDED MARYLAND TAX RETURN Your first name and initial Last name Social security number Check here if you are: 65 or Blind over Spouse s first name and initial Last name Social security number Check

More information

North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns

North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns June 3 2016 North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns Governor McCrory signed into law Session Law 2016-6

More information

2011 GRAND RAPIDS INDIVIDUAL INCOME TAX FORMS AND INSTRUCTIONS

2011 GRAND RAPIDS INDIVIDUAL INCOME TAX FORMS AND INSTRUCTIONS City of Grand Rapids Income Tax Department 300 Monroe Ave NW Grand Rapids, Michigan 49501 Form GR-1040 2011 GRAND RAPIDS INDIVIDUAL INCOME TAX FORMS AND INSTRUCTIONS For use by individual residents, part-year

More information

Form 990 Return of Organization Exempt From Income Tax

Form 990 Return of Organization Exempt From Income Tax OMB No. 1545-0047 Form 990 Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) 2014 Do not enter social security

More information

Return of Organization Exempt From Income Tax

Return of Organization Exempt From Income Tax Form 990 Return of Organization Exempt From Income Tax OMB No. 1545-0047 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung 2010 benefit trust or private foundation)

More information

Florida Corporate Short Form Income Tax Return. For tax year beginning on or after January 1, (Continued on Page 2)

Florida Corporate Short Form Income Tax Return. For tax year beginning on or after January 1, (Continued on Page 2) FEIN: Taxable Year End: Florida Corporate Short Form Income Tax Return For tax year beginning on or after January 1 F-1120A Rule 12C-1.051 Florida Administrative Code Effective 01/15 Where to Send Payments

More information

Tax Implications of Health Care Reform

Tax Implications of Health Care Reform Tax Implications of Health Care Reform Presented by: Art Sparks, CPA Partner Certified Public Accountants Summary Summary The Patient Protection and Affordable Care Act (PPACA) and the companion Health

More information

Short Form Return of Organization Exempt From Income Tax

Short Form Return of Organization Exempt From Income Tax Form 990-EZ PUBLIC DISCLOSURE COPY ** PUBLIC DISCLOSURE COPY ** Short Form Return of Organization Exempt From Income Tax Under section 501, 527, or 4947(1) of the Internal Revenue Code (except private

More information

1040 U.S. Individual Income Tax Return 2015

1040 U.S. Individual Income Tax Return 2015 Form Department of the Treasury - Internal Revenue Service (99) 1040 U.S. Individual Income Tax Return 2015 OMB. 1545-0074 For the year Jan. 1-Dec. 31, 2015, or other tax year beginning, 2015, ending,

More information

2013 ATHENS INSTRUCTIONS

2013 ATHENS INSTRUCTIONS 2013 ATHENS INSTRUCTIONS WHO MUST FILE CITY OF ATHENS INCOME TAX RETURN Non Mandatory Filing: If your only income is from W-2 wages and your employer has withheld 100% of the Athens tax due, you are not

More information

UNINCORPORATED BUSINESS TAX RETURN FOR PARTNERSHIPS (including LIMITED LIABILITY COMPANIES)

UNINCORPORATED BUSINESS TAX RETURN FOR PARTNERSHIPS (including LIMITED LIABILITY COMPANIES) FINANCE NEW YORK Amended return... N Y C 204 NEW YORK CITY DEPARTMENT OF FINANCE UNINCORPORATED BUSINESS TAX RETURN FOR PARTNERSHIPS (including LIMITED LIABILITY COMPANIES) DO NOT WRITE IN THIS SPACE -

More information

1040 Review Guide: MARKETS ADVANCED. Using Your Clients 1040 to Identify Planning Opportunities

1040 Review Guide: MARKETS ADVANCED. Using Your Clients 1040 to Identify Planning Opportunities 1040 Review Guide: Using Your Clients 1040 to Identify Planning Opportunities ADVANCED MARKETS Producers Guide to a 1040 Review At Transamerica, we re committed to providing you and your clients with the

More information

Form 990 Return of Organization Exempt From Income Tax

Form 990 Return of Organization Exempt From Income Tax OMB No. 1545-0047 Form 990 Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung 2011 benefit trust or private foundation)

More information

INCOME TAXATION OF TRUSTS AND ESTATES. JEREMIAH W. DOYLE IV SENIOR VICE PRESIDENT BNY MELLON WEALTH MANAGEMENT BOSTON, MASSACHUSETTS September, 2010

INCOME TAXATION OF TRUSTS AND ESTATES. JEREMIAH W. DOYLE IV SENIOR VICE PRESIDENT BNY MELLON WEALTH MANAGEMENT BOSTON, MASSACHUSETTS September, 2010 INCOME TAXATION OF TRUSTS AND ESTATES JEREMIAH W. DOYLE IV SENIOR VICE PRESIDENT BNY MELLON WEALTH MANAGEMENT BOSTON, MASSACHUSETTS September, 2010 Jeremiah W. Doyle IV, All Rights Reserved Introduction

More information

Florida Corporate Income/Franchise Tax Return. For calendar year 2015 or tax year beginning, 2015 ending Year end date. Check here if negative

Florida Corporate Income/Franchise Tax Return. For calendar year 2015 or tax year beginning, 2015 ending Year end date. Check here if negative Florida Corporate Income/Franchise Tax Return R 01/16 Name Address City/State/ZIP Rule 12C-1051 Florida Administrative Code Effective 01/16 Use black ink Example A - Handwritten Example B - Typed 0 1 2

More information

GENERAL INSTRUCTIONS FOR COMPLETING YOUR RETURN

GENERAL INSTRUCTIONS FOR COMPLETING YOUR RETURN GENERAL INSTRUCTIONS FOR COMPLETING YOUR RETURN PITTSBURGH CITY & SCHOOL DISTRICT The City of Pittsburgh Earned Income Tax is levied at the rate of 1% under ACT 511. The Pittsburgh School District Earned

More information

A For the 2011 calendar year, or tax year beginning 10/01 B Check if applicable:

A For the 2011 calendar year, or tax year beginning 10/01 B Check if applicable: Form 99-EZ Department of the Treasury Internal Revenue Service Short Form Return of Organization Exempt From Income Tax Under section 51(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black

More information

IT-2105-I (5/15) New York State New York City Yonkers MCTMT

IT-2105-I (5/15) New York State New York City Yonkers MCTMT New York State Department of Taxation and Finance Instructions for Form IT-2105 Estimated Tax Payment Voucher for Individuals New York State New York City Yonkers MCTMT IT-2105-I (5/15) Did you know? You

More information

Vanguard mutual fund investors 2015 Form 1099-DIV instructions

Vanguard mutual fund investors 2015 Form 1099-DIV instructions Vanguard mutual fund investors 2015 Form 1099-DIV instructions A guide to reporting Vanguard mutual fund dividends and capital gains distributions from your 1099-DIV on your tax return (IRS Form 1040 or

More information

American Taxpayer Relief Act of 2012- UPDATED

American Taxpayer Relief Act of 2012- UPDATED American Taxpayer Relief Act of 2012- UPDATED On January 2, 2013, the President signed the American Taxpayer Relief Act, thus ending the nation s brief stint over the fiscal cliff a confluence of expiring

More information

THE INCOME TAXATION OF ESTATES & TRUSTS

THE INCOME TAXATION OF ESTATES & TRUSTS The income taxation of estates and trusts can be complex because, as with partnerships, estates and trusts are a hybrid entity for income tax purposes. Trusts and estates are treated as an entity for certain

More information

TAX RETURNS AND BEYOND READING, UNDERSTANDING, AND USING VARIOUS TAX RETURNS

TAX RETURNS AND BEYOND READING, UNDERSTANDING, AND USING VARIOUS TAX RETURNS TAX RETURNS AND BEYOND READING, UNDERSTANDING, AND USING VARIOUS TAX RETURNS EDWIN W. DAVIS 8350 N. Central Expwy., Suite 1200 Dallas, Texas 75206 (214) 365-9007 taxfamilylaw.com State Bar of Texas 40

More information

(and proxy tax under section 6033(e)) 2012 SEATTLE, WA

(and proxy tax under section 6033(e)) 2012 SEATTLE, WA Form Department of the Treasury Internal Revenue Service A For calendar year 2012 or other tax year beginning, and ending 34 Unrelated business taxable income. Subtract line 33 from line 32. If line 33

More information

Exempt Organization Business Income Tax Return

Exempt Organization Business Income Tax Return Form For alendar year 2013 or other tax year beginning, and ending. 34 Unrelated business taxable. Subtrat line 33 from line 32. If line 33 is greater than line 32, enter the smaller of zero or line 32

More information

MAINE INSURANCE PREMIUMS TAX RETURN

MAINE INSURANCE PREMIUMS TAX RETURN FORM INS-4 MAINE INSURANCE PREMIUMS TAX RETURN WHO MUST FILE With the exception of captive insurance companies and risk retention groups, every insurance company, association, producer or attorney-in-fact

More information

MAINE INSURANCE PREMIUMS TAX RETURN

MAINE INSURANCE PREMIUMS TAX RETURN FORM INS-4 MAINE INSURANCE PREMIUMS TAX RETURN WHO MUST FILE With the exception of captive insurance companies and risk retention groups, every insurance company, association, producer or attorney-in-fact

More information

ADDITIONAL MEDICARE TAX ON EARNED INCOME

ADDITIONAL MEDICARE TAX ON EARNED INCOME Assisting Family Lawyers With Navigating the 2013 Tax Changes Under the Patient Protection Care Act (PPACA) and the Health Care and Education Reconciliation ACT (HCERA) On June 28, 2012, the United States

More information

ADVANCED PLANNING CONCEPTS IN LIGHT OF THE AMERICAN TAXPAYER RELIEF ACT (October 11, 2013)

ADVANCED PLANNING CONCEPTS IN LIGHT OF THE AMERICAN TAXPAYER RELIEF ACT (October 11, 2013) ADVANCED PLANNING CONCEPTS IN LIGHT OF THE AMERICAN TAXPAYER RELIEF ACT (October 11, 2013) By: Phoebe Moffatt, Attorney CERTIFIED AS A SPECIALIST IN ESTATE AND TRUST LAW STATE BAR OF ARIZONA BOARD OF LEGAL

More information

CHAPTER 7 ACCOUNTING PERIODS AND METHODS AND DEPRECIATION

CHAPTER 7 ACCOUNTING PERIODS AND METHODS AND DEPRECIATION Solutions for Questions and Problems Chapter 7 159 CHAPTER 7 ACCOUNTING PERIODS AND METHODS AND DEPRECIATION Group 1 - Multiple Choice Questions 1. C (1/12 of $150,000) x 2 8. C (20% x $35,000) 16. D (Section

More information

5 Qualifying widow(er) with dependent child 6a X Yourself. If someone can claim you as a dependent, do not check box 6a...

5 Qualifying widow(er) with dependent child 6a X Yourself. If someone can claim you as a dependent, do not check box 6a... Form 1040 Department of the Treasury Internal Revenue Service (99) U.S. Individual Income Tax Return 2014 OMB No. 1545-0074 IRS Use Only Do not write or staple in this space. For the year Jan. 1 Dec. 31,

More information

Guidelines for Filing a Group Form 540NR

Guidelines for Filing a Group Form 540NR State of California Franchise Tax Board FTB Publication 1067 Guidelines for Filing a Group Form 540NR Contents Purpose... 1 Terms Used in this Publication... 1 General Information... 1 Introduction....

More information

General Information. Illinois Department of Revenue Schedule NR IL-1040 Instructions

General Information. Illinois Department of Revenue Schedule NR IL-1040 Instructions Illinois Department of Revenue Schedule NR IL-1040 Instructions What is the purpose of Schedule NR? Schedule NR, Nonresident and Part-Year Resident Computation of Illinois Tax, allows you, a nonresident

More information

Denver Tax Group, LLC CHADWICK ELLIOTT 1888 Sherman Street SUITE 650 DENVER, CO 80203 (0) Organizer Mailing Slip

Denver Tax Group, LLC CHADWICK ELLIOTT 1888 Sherman Street SUITE 650 DENVER, CO 80203 (0) Organizer Mailing Slip Denver Tax Group, LLC CHADWICK ELLIOTT Sherman Street SUITE 0 DENVER, CO 00, (0) Organizer Mailing Slip TAX ORGANIZER TO:, FROM: Denver Tax Group, LLC Sherman Street SUITE 0 DENVER CO 00 (0) -0 Enclosed

More information

Staying Healthy, Wealthy & Wise: The Aftermath of the Fiscal Cliff. Heather Kovalsky, CPA

Staying Healthy, Wealthy & Wise: The Aftermath of the Fiscal Cliff. Heather Kovalsky, CPA Staying Healthy, Wealthy & Wise: The Aftermath of the Fiscal Cliff Heather Kovalsky, CPA 2013 Tax Changes The Patient Protection and Affordable Care Act American Tax Relief Act of 2012 The Patient Protection

More information

Instructions for Form PA-41

Instructions for Form PA-41 Pennsylvania Department of Revenue 2014 Instructions for Form PA-41 Pennsylvania Fiduciary Income Tax Return WHAT S NEW With the passage of Act 52 of 2013, several revisions have been made to the 2014

More information

MAINE INSURANCE PREMIUMS TAX RETURN

MAINE INSURANCE PREMIUMS TAX RETURN FORM INS-4 MAINE INSURANCE PREMIUMS TAX RETURN WHO MUST FILE With the exception of captive insurance companies and risk retention groups every insurance company association producer or attorney-in-fact

More information

THE AMERICAN LAW INSTITUTE Continuing Legal Education

THE AMERICAN LAW INSTITUTE Continuing Legal Education 41 THE AMERICAN LAW INSTITUTE Continuing Legal Education American Taxpayer Relief Act: What You Need To Know for Tax Planning and Compliance January 22, 2013 Video Presentation Service Issues Proposed

More information

Client Copy KOPERNIK KOPERNIK SOLUTIONS 125 COURT STREET STE 10DS BROOKLYN, NY 11201 917-975-6352

Client Copy KOPERNIK KOPERNIK SOLUTIONS 125 COURT STREET STE 10DS BROOKLYN, NY 11201 917-975-6352 2009 TA RETURN Client Copy Client: Prepared for: KOPERNIK KOPERNIK SOLUTIONS 125 COURT STREET STE 10DS BROOKLYN, NY 11201 917-975-6352 Prepared by: Chunyee W. Miot CPA PC CHUNYEE W MIOT CPA PC 626 RECORP

More information

Part 4. Comprehensive Examples and Forms Example One: Active minister

Part 4. Comprehensive Examples and Forms Example One: Active minister Part 4. Comprehensive Examples and Forms Example One: Active minister te: This example is based on an illustrated example contained at the end of IRS Publication 517. Rev. John Michaels is the minister

More information

U.S. Income Tax Return for an S Corporation

U.S. Income Tax Return for an S Corporation Sign Here Paid Preparer Use Only U.S. Income Tax Return for an S Corporation OMB No. 1545-0123 Form 1120S Do not file this form unless the corporation has filed or is attaching Form 2553 to elect to be

More information

Passive Activities Estate and Trust Considerations. By: Robert Barnett CPA, JD, MS (TAXATION)

Passive Activities Estate and Trust Considerations. By: Robert Barnett CPA, JD, MS (TAXATION) Passive Activities Estate and Trust Considerations By: Robert Barnett CPA, JD, MS (TAXATION) 1. Why are passive activities important for Trust and Estate? Passive activities play an important role in many

More information

THE DEVIL IS IN THE DETAIL

THE DEVIL IS IN THE DETAIL THE DEVIL IS IN THE DETAIL IRS TAX FORMS FOR U.S. BENEFICIARIES OF FOREIGN TRUSTS Presented by: Anthony Panebianco, CPA, TEP Montrose Accounting Company, LLC New York, NY Phone: (212) 888-5959 Email: apanebianco@montroseaccounting.com

More information

NEW YORK STATE RESIDENT Tax Information (Forms IT-201 & IT-2): Due date: April 18, 2016

NEW YORK STATE RESIDENT Tax Information (Forms IT-201 & IT-2): Due date: April 18, 2016 NEW YORK STATE RESIDENT Tax Information (Forms IT-201 & IT-2): Due date: April 18, 2016 You may use the SPRINTAX software to complete your New York State forms for a fee of $25 or use our instructions

More information

Boone County Net Profit Instructions 2015

Boone County Net Profit Instructions 2015 BOONE COUNTY FISCAL COURT Boone County Net Profit Instructions 2015 Boone County Finance Department These instructions are a working tool for interpreting and administering the Boone County Ordinance 07-27.

More information

2012 GRAND RAPIDS CORPORATION INCOME TAX FORM AND INSTRUCTIONS For use by corporations doing business in the City of Grand Rapids

2012 GRAND RAPIDS CORPORATION INCOME TAX FORM AND INSTRUCTIONS For use by corporations doing business in the City of Grand Rapids Grand Rapids Income Tax Department P.O. Box 109 Grand Rapids, Michigan 49501-0109 2012 GRAND RAPIDS CORPORATION INCOME TAX FORM AND INSTRUCTIONS For use by corporations doing business in the City of Grand

More information

Instructions for Form 5227

Instructions for Form 5227 2005 Instructions for Form 5227 Split-Interest Trust Information Return Section references are to the Internal Revenue Code unless otherwise noted. Department of the Treasury Internal Revenue Service Has

More information

EVALUATING the Self-Employed Borrower

EVALUATING the Self-Employed Borrower tax year EVALUATING the Self-Employed Borrower and other sources of income OUR ONLINE PROGRAM MAKES ANALYZING THE SELF-EMPLOYED BORROWER FASTER AND EASIER. AVAILABLE NOW FOR TAX YEAR 2014! GO TO WWW.MGIC.COM

More information

Florida Corporate Short Form Income Tax Return. For tax year beginning on or after January 1, 2013. (Continued on Page 2)

Florida Corporate Short Form Income Tax Return. For tax year beginning on or after January 1, 2013. (Continued on Page 2) FEIN: Taxable Year End: Florida Corporate Short Form Income Tax Return For tax year beginning on or after January 1 2013 Rule 12C-1.051 Florida Administrative Code Effective 01/14 Where to Send Payments

More information

child's name here. box. and full name here. 110. 5 Qualifying widow(er) with dependent child l Boxes checked No. of children on 6c who: Dependents:

child's name here. box. and full name here. 110. 5 Qualifying widow(er) with dependent child l Boxes checked No. of children on 6c who: Dependents: 1 1040 Department of the Treasury - Internal Revenue Service (99) U.S. Individual Income Tax Return 2 14 OMB No. 1545-0074 IRS Use Only-Do not write or staple in this space. For the year Jan. 1-Dec. 31,

More information

Instructions for amending state returns

Instructions for amending state returns Instructions for amending state returns The states are listed in alphabetical order, so scroll through this document to find your state. Alabama Instructions: Follow these steps to begin to amend your

More information

2014 ESTATE AND TRUST INCOME TAX RETURN CHECKLIST (FORM 1041) (MINI)

2014 ESTATE AND TRUST INCOME TAX RETURN CHECKLIST (FORM 1041) (MINI) Client Name and Number: Prepared by: Date: Reviewed by: Date: GENERAL INFORMATION DONE N/A 1) Consider if any conflict of interest(s) exist(s) between the trust and the trustor, trustee, or beneficiary.

More information

THIS PAGE INTENTIONALLY LEFT BLANK.

THIS PAGE INTENTIONALLY LEFT BLANK. Attention: You must file this Form 2290 (Rev. July 2016) for the tax period beginning on July 1, 2016, and ending on June 30, 2017. Do not use this revision if you need to file a return for a tax period

More information

Staple forms here. New York State Department of Taxation and Finance. Life Insurance Corporation Combined Franchise Tax Return Tax Law Article 33 ( )

Staple forms here. New York State Department of Taxation and Finance. Life Insurance Corporation Combined Franchise Tax Return Tax Law Article 33 ( ) CT-33-A Amended return New York State Department of Taxation and Finance Life Insurance Corporation Combined Franchise Tax Return Tax Law Article 33 Employer identification number File number Business

More information

Understanding the Net Investment Income Tax, also known as the Medicare Contribution Tax

Understanding the Net Investment Income Tax, also known as the Medicare Contribution Tax Understanding the Net Investment Income Tax, also known as the Medicare Contribution Tax February 22, 2013 In brief The Patient Protection and Affordable Care Act and The Health Care and Education Reconciliation

More information

Instructions: Lines 1 through 21, on pages 1 and 2

Instructions: Lines 1 through 21, on pages 1 and 2 Instructions: Lines 1 through 21, on pages 1 and 2 This form is to be used by individuals who receive income reported on Federal Forms W-2, W- 2G, Form 5754, 1099-MISC, and/or Federal Schedules C, E, F

More information

The 3.8% Surtax on Investment Income - Individuals

The 3.8% Surtax on Investment Income - Individuals WEALTH STRATEGY REPORT The 3.8% Surtax on Investment Income - Individuals OVERVIEW Beginning in 2013, certain investment income will be subject to an additional 3.8% surtax (the surtax). This surtax is

More information

New 3.8% "Affordable Care Act" Tax May Burden Some S Corporation Shareholders

New 3.8% Affordable Care Act Tax May Burden Some S Corporation Shareholders New 3.8% "Affordable Care Act" Tax May Burden Some S Corporation Shareholders Prepared By: The Tax Group Written By: Ivan H. Golden Co-author: Robert R. Pluth Jr. Electing small business trusts ( ESBTs

More information

2013 Montana Form 2. Individual Income Tax Forms and Instructions (Includes Form 2EC) MONTANA DEPARTMENT OF REVENUE

2013 Montana Form 2. Individual Income Tax Forms and Instructions (Includes Form 2EC) MONTANA DEPARTMENT OF REVENUE 2013 Montana Form 2 Individual Income Tax Forms and Instructions (Includes Form 2EC) MONTANA DEPARTMENT OF REVENUE Get Your Refund Faster - File Online! Check out the options at revenue.mt.gov. Choose

More information

Michigan Business Tax Frequently Asked Questions

Michigan Business Tax Frequently Asked Questions NOTICE: The MBT was amended by 145 PA 2007 on December 1, 2007. Act 145 imposes an annual surcharge to taxpayers' MBT liability, as well as makes other changes. Some of the FAQs below have revised answers

More information

Vermont MeF ATS Test Package for Tax Year 2015

Vermont MeF ATS Test Package for Tax Year 2015 Vermont MeF ATS Test Package for Tax Year 2015 Table of Contents General Information... 3 Who Must Test?... 3 Why Test?... 3 What is tested?... 3 When to test?... 3 Test Feedback Report and Certification

More information

Arizona Form 2013 Individual Amended Income Tax Return 140X

Arizona Form 2013 Individual Amended Income Tax Return 140X Arizona Form 2013 Individual Amended Income Tax Return 140X Phone Numbers For information or help, call one of the numbers listed: Phoenix (602) 255-3381 From area codes 520 and 928, toll-free (800) 352-4090

More information

* * * * * Lumina Foundation for Education Instructions for Filing Form 990-T Exempt Organization Business Return for the period December 31, 2013

* * * * * Lumina Foundation for Education Instructions for Filing Form 990-T Exempt Organization Business Return for the period December 31, 2013 Crowe Horwath LLP Independent Member Crowe Horwath International * * * * * Lumina Foundation for Education Instructions for Filing Form 99-T Exempt Organization Business Return for the period December

More information