1 Topic Tax Tips for Tax Year 2007 (Issued January 2008) Publish Before Tax Tip 1 What s New for 2007? January 31, 2008 Tax Tip 2 Filing Requirements January 31, 2008 Tax Tip 3 Tax Assistance January 31, 2008 Tax Tip 4 Electronic Filing January 31, 2008 Tax Tip 5 Direct Deposit of Refund February 29, 2008 Tax Tip 6 Postmarks February 29, 2008 Tax Tip 7 Capital Gains and Losses February 29, 2008 Tax Tip 8 Child Tax Credit & Additional Child Tax Credit February 29, 2008 Tax Tip 9 Rental Income and Losses March 31, 2008 Tax Tip 10 Individual Retirement Accounts (IRAs) March 31, 2008 Tax Tip 11 Foreign-Earned Income Exclusion March 31, 2008 Tax Tip 12 Foreign Tax Credit March 31, 2008 Tax Tip 13 Payments for 2007 and Estimated Tax for 2008 April 15, 2008 Tax Tip 14 Late Charges, Penalties & Interest April 15, 2008 Tax Tip 15 Extensions to File April 15, 2008 Tax Tip 16 Installment Agreements May 31, 2008 Tax Tip 17 IRS Notices May 31, 2008 Tax Tip 18 Unresolved Tax Problems May 31, 2008 Tax Tip 19 Individual Taxpayer Identification Numbers (ITINs) May 31, 2008 Tax Tip 20 Foreign Bank Accounts May 31, 2008 Tax Tip 21 Form W-9 and Form W-8BEN June 30, 2008 Tax Tip 22 Estate and Gift Tax June 30, 2008 Tax Tip 23 Records Retention & Copies of Returns June 30, 2008 Tax Tip 24 Past Due Refunds June 30, 2008
2 Tax Tip 1 WHAT S NEW FOR 2007? The following changes are discussed in more detail in Publication 17, Your Federal Income Tax For Individuals, and the Instructions for Form Exemption Amount Increased. The amount you can deduct for each exemption has increased to $3,400. You lose all or part of the benefit of your exemptions if your adjusted gross income is above a certain amount depending on your filing status. Standard Deduction Amount Increased. The standard deduction for taxpayers who do not itemize deductions on Schedule A of Form 1040 is, in most cases, higher for The amount depends on your filing status, whether you are 65 or older or blind, and whether an exemption can be claimed for you by another taxpayer. The basic standard deduction amounts for 2007 are: Head of Household $7,850; Married Filing Jointly and Qualifying Widow(er)s $10,700; Married Filing Separately and Single $5,350. Alternative minimum tax (AMT) exemption amount decreased. Last minute legislation increased the AMT exemption amount to $44,350 for single taxpayers; $66,250 if married filing jointly or a qualifying widow(er); and $33,125 if married filing separately. Foreign Earned Income. The maximum foreign earned income exclusion amount available on Form 2555 or Form 2555-EZ is $85,700. The housing exclusion and/or deduction floor has increased to $13, and the housing cap, other than for certain cities listed in the Instructions for Form 2555, has increased to $25, if your qualifying period includes all of Note: If you claim the foreign earned income exclusion or the foreign housing exclusion on Form 2555 or Form 2555-EZ, your must figure your tax using the Foreign Earned Income Tax Worksheet found on page 34 in the Instruction Booklet for Form 1040.
3 Tax Tip 2 FILING REQUIREMENTS If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and for paying estimated tax are generally the same whether you are in the United States or abroad. Your income, filing status, and age determine whether you must file a U.S. income tax return. Generally, you must file a return if your gross income from worldwide sources (excluding U.S. social security benefits) is at least: If your filing AND at the end THEN file if your gross status is of 2007 you were income was at least Single under 65 $ 8, or older $10,050 Married Filing Jointly under 65 (both spouses) $17, or older (one spouse) $18, or older (both spouses) $19,600 Married Filing Separately any age $ 3,400 Head of Household under 65 $11, or older $12,550 Qualifying Widow(er) under 65 $14,100 with dependent child 65 or older $15,150 Please refer to the Instructions for Form 1040 for further information.
4 Tax Tip 3 TAX ASSISTANCE The Internal Revenue Service provides tax assistance through a regional office located at the U.S. Embassy in Paris, France. Phone: +33 (0) Monday- Friday, 9:00 am-12:00 pm and 1:30 pm- 3:30 pm Closed French and American holidays Fax: +33 (0) Mail: Walk-In Assistance: U.S. Embassy Internal Revenue Service 2, Avenue Gabriel, Room B Paris Cedex 08 France U.S. Embassy 2, Avenue Gabriel Paris France Monday-Friday, 9:00 am-12:00 pm Closed French and American holidays Tax assistance can also be obtained by contacting the main international customer service center in Philadelphia. Phone: +1 (215) :00 am - 11:00 pm Eastern Standard Time Fax: +1 (215)
5 Tax Tip 4 ELECTRONIC FILING More and more Americans are choosing e-file, which lets them electronically file a tax return or get a filing extension without sending any paper to the Internal Revenue Service. Since 2001, the number of e-filed returns has almost doubled and over the past decade the number of e-filers has increased four-fold. Year Returns Total E-file Percent E-file million 40.2 million 30.7% million 46.9 million 35.6% million 52.9 million 40.2% million 61.5 million 46.5% million 68.5 million 51.1% million 73.3 million 53.8% You may e-file your return using one of the following methods: Tax Professional by consulting your tax preparer or finding a preparer listed as an Authorized IRS e-file Provider at Personal Computer by purchasing commercially available software from a retailer, downloading software from an Internet site and preparing your return offline, or preparing and filing your return online. Free file by preparing your taxes online at without cost beginning in mid-january 2008 if you earned $54,000 or less in 2007.
6 Tax Tip 5 DIRECT DEPOSIT OF REFUND You have more options and flexibility for receiving your 2007 U.S. income tax refund. Now you can: Direct deposit your refund into one checking or savings account Whether you file electronically or on paper, direct deposit gives you faster access to your refund than a paper check. To request direct deposit of your refund into one account, report your bank s or financial institution s nine-digit routing number and your account number on the direct deposit line of your tax return. If you do not have or are unsure of these numbers, contact your bank or financial institution. A word of caution some financial institutions do not allow a joint refund to be deposited into an individual account. Check with your bank or financial institution to make sure your direct deposit will be accepted. Split your refund with direct deposits into two or three checking or savings accounts With split refunds, you have a convenient option for managing your money sending some of your refund to an account for immediate use and some for future savings. Use Form 8888, Direct Deposit of Refund to More Than One Account, to divide your refund among two or three different accounts. Note: If you fail to request direct deposit on your return, you will receive your refund as a paper check in the mail.
7 Tax Tip 6 POSTMARKS Federal tax returns, claims for refund, and other documents mailed to the Internal Revenue Service are treated as filed on the date of the domestic or foreign postmark. However, payments are not considered as made until the date of actual receipt rather than the postmark date. This includes payments submitted with tax returns. Accordingly, you should take this into consideration when mailing a payment to the Internal Revenue Service in order to avoid late payment penalties and interest charges.
8 Tax Tip 7 CAPITAL GAINS AND LOSSES Capital gains and losses are classified as either long term or short term depending on how long you held your capital asset. If you hold the asset for more than one year before you dispose of it, your capital gain or loss is considered to be long-term. If you hold the asset for less than one year, your capital gain or loss is considered to be short-term. The distinction between long-term and short-term capital gains and losses is important in determining your taxation. If you have a net capital gain, that gain may be taxed at a lower tax rate. The term "net capital gain" means the amount by which your net long term capital gain for the year is more than your net short term capital loss. The highest tax rate on a net capital gain is generally 15%, or 5% in some cases, depending on your overall tax bracket. If you have a taxable capital gain, you may be required to make estimated tax payments on Form ES. If your capital losses exceed your capital gains, the amount of the excess loss that can be claimed is limited to $3,000, or $1,500 if you are married filing separately. If your net capital loss is more than this limit, you can carry the loss forward to later years by using the Capital Loss Carryover Worksheet in Publication 550. Capital gains and losses are reported on Schedule D of Form 1040 and then transferred to Form Note: Foreign capital gains and losses. If you are a U.S. citizen who sells property located outside the United States, you must report all gains and losses from the sale of such property on your tax return unless it is exempt by U.S. law. This is true whether you reside inside or outside the United States and regardless of whether you receive a Form 1099 from the payer.
9 Tax Tip 8 CHILD TAX CREDIT & ADDITIONAL CHILD TAX CREDIT For 2007, the child tax credit stands at $1,000 for each qualifying child and the minimum earned income amount used to figure the additional child tax credit has increased to $11,750. If you were a member of the U.S. Armed Forces who served in a combat zone, your nontaxable combat pay counts as earned income when figuring this credit limit. You may be eligible for a child tax credit if you have a qualifying child who is (1) under age 17 at the end of 2007 and (2) a citizen or resident of the United States. However, you must reduce your child tax credit if your modified adjusted gross income (AGI) is above $110,000 for joint filers, $55,000 for married taxpayers filing separately, and $75,000 for single or head of household taxpayers. Please refer to the Instructions for Form 1040, Form 8901, Form 8812, and Publication 972 for further information.
10 Tax Tip 9 RENTAL INCOME AND LOSSES You must include in income all amounts you receive as rent. Rental income and expenses are entered on Schedule E and net rental income or loss is then carried to the income section of Form Most individuals count their rental income as income when it is actually or constructively received, and deduct their expenses as they are paid. Some examples of expenses that may be deducted from your total rental income are depreciation, repairs, and operating expenses. You can recover some or all of your original investment in the rental property (including furnishings) and the cost of capital improvements through depreciation using Form Rental losses are subject to various limits under the passive activity and at-risk rules, and excess or non-deductible losses may be carried forward to the following tax year. Note that the sale of rental property does not qualify for the preferential tax treatment given to the sale of a main home.
11 Tax Tip 10 INDIVIDUAL RETIREMENT ACCOUNTS (IRAS) Traditional IRA and Roth IRA Contributions. If you are below the age of 50 in 2007, you may contribute as much as $4,000 or your taxable compensation for the year to your traditional or Roth IRA for If you are age 50 or older in 2007, the maximum contribution is $5,000 or your taxable compensation for the year. However, if your modified Adjusted Gross Income (AGI) is above a certain amount based on your filing status, your deduction for contributions made to a traditional IRA and/or your ability to contribute to a Roth IRA may be reduced or eliminated. Please see Publication 590 for further information. Note: For 2008, if you are below the age of 50, you may contribute as much as $5,000 or your taxable compensation for the year and as much as $6,000 or your taxable compensation for the year if you are age 50 or older.
12 Tax Tip 11 FOREIGN EARNED INCOME EXCLUSION In 2007, if you had a tax home in a foreign country and you met either the bona fide residence test or the physical presence test, you may be able to claim a foreign earned income exclusion of up to $85,700 and a housing exclusion or deduction for certain reasonable qualified foreign housing costs. U.S. government employees do not qualify for either the foreign earned income exclusion or the housing exclusion with respect to their government salaries. For 2007, the housing exclusion and/or deduction floor increased to $13, and the general limit on excluding or deducting certain reasonable housing expenses increased to $25,710 (or $70.44 per day if the qualifying period is less than 365 days), though the limits for certain cities may be higher. See page five of the Instructions for Form 2555 for further information. The foreign earned income exclusion is claimed on either Form 2555 or Form 2555-EZ, and the foreign housing exclusion or deduction is claimed on Form Use Form 2555 if you are self-employed and/or claim the foreign housing exclusion or deduction. Use Form EZ if are a salaried employee and you do not claim the foreign housing exclusion. Note: Beginning in 2006, if you claim the foreign earned income exclusion and/or the housing exclusion or deduction, you must now determine the tax on your nonexcluded income using the tax rates that would have applied had you not claimed the exclusions by completing the Foreign Earned Income Tax Worksheet in the Instructions for Form 1040.
13 Tax Tip 12 FOREIGN TAX CREDIT If you paid or accrued foreign income taxes on income which is not eligible to be, or cannot fully be, excluded on Form 2555 or Form 2555-EZ, you generally may choose to claim such taxes as a credit against your U.S. income tax using Form 1116 or to deduct them from your adjusted gross income as an itemized deduction on Schedule A. However, if your only foreign source income is passive (interest, dividends, etc.) and is reported on a statement, such as a 1099, issued by a U.S. financial institution, you may be able to claim such a credit of up to $300 ($600 if married filing jointly) directly on Form 1040 without using Form 1116.
14 Tax Tip 13 PAYMENTS FOR 2007 & ESTIMATED TAX FOR 2008 Payments for 2007 Most international taxpayers who owe tax on their 2007 tax return, pay by check, money order, or credit card. You may not pay by cash. Checks or money orders must be issued in U.S. Dollars and made payable to the United States Treasury. Be sure to include the following information on your check or money order: (1) Your Social Security Number or Individual Taxpayer Identification Number (ITIN); (2) A designation that the payment is being made for the 2007 tax year and the tax return form being filed (e.g., Form 1040); (3) Your name, if not already listed on the instrument; and (4) Your daytime phone number. Credit card payments may be made using any major credit card, including Visa, MasterCard, and American Express, through the following providers: Official Payments Corporation Link2Gov Corporation +1 (800) or +1 (888) or +1 (877) (888) Estimated Tax for 2008 Estimated tax is used to pay tax on income that is not subject to any, or sufficient, withholding. In most cases, you must make estimated tax payments if you expect to owe at least $1,000 in tax for 2008 (after subtracting your withholding and credits) and you expect your withholding and credits to be less than the smaller of: 1. 90% of the tax to be shown on your 2008 tax return; or % of the tax shown on your 2007 tax return if such return covered all twelve months of the tax year. Exception: U.S. citizens or resident aliens for all of 2007 do not have to pay estimated tax if they had no tax liability for the full twelve-month 2007 tax year. For further information or to pay estimated tax for 2008 as a U.S. citizen or resident alien, please consult Form 1040-ES.
15 Tax Tip 14 LATE CHARGES, PENALTIES & INTEREST If you do not file on time and owe tax, you will generally be assessed a late filing penalty of 5% of the tax owed for each month, or part of a month, that your return is late until the return is filed or a maximum 25% penalty is applied. If your return is over sixty days late, the minimum penalty for late filing is $100 or 100% of the tax owed, whichever is smaller. If you file on time but do not pay all amounts due on time, you will generally have to pay a late payment penalty of 0.5% of the tax owed for each month, or part of a month, that the tax remains unpaid from the due date, until the tax is paid in full or the maximum 25% penalty is applied. For individuals who file by the return due date, the 0.5% rate decreases to 0.25% for any month in which an installment agreement is in effect but increases to 1% if tax remains unpaid ten days after the Internal Revenue Service issues a notice of intent to levy. Furthermore, if you do not pay all amounts due on time, interest is charged on any unpaid tax from the due date of the return until the date of payment. Interest charged on late payments changes quarterly and has ranged from a high of 9% to a low of 4% during the last several years. Beginning January 1, 2008, the interest rates will be: seven (7) percent for overpayments; and seven (7) percent for underpayments.
16 Tax Tip 15 EXTENSIONS TO FILE Taxpayers generally must file a 2007 tax return by April 15, U.S. citizens and residents with tax homes outside of the United States on April 15, 2008, however, are automatically granted a two-month extension to June 16, 2008 to file a tax return. Any tax due though must be paid by April 15, 2008 to avoid being charged penalties and interest. To file a later return, taxpayers may request a filing extension to October 15, 2008 by filing Form 4868 before the normal return due date. Those taxpayers living abroad who need an extension to qualify for the bona fide residence test or physical presence test in order to be eligible for a foreign-earned income exclusion on Form 2555, however, should request a filing extension using Form 2350 by the normal due date of their return. With either extension, however, any tax due must be paid by April 15, 2008 to avoid being charged interest and penalties.
17 Tax Tip 16 INSTALLMENT AGREEMENTS For those who cannot satisfy all of their tax debt immediately, an installment agreement may be a reasonable option allowing you to gradually make payments on the tax you owe. Installment agreements authorize you to pay tax debt in smaller, more manageable amounts. To be eligible for an installment agreement, you must have filed tax returns and made estimated tax payments as required. To set up an installment agreement when you owe: $25,000 or less in combined tax, penalties, and interest, use the Online Payment Agreement (OPA) at call the number on the bill or notice you received, or complete Form 9465 and mail it to the address indicated on the bill you received. More than $25,000 in combined tax, penalties, and interest, call the number on the bill or notice you received or complete Forms 9465 and 433F and mail them to the address indicated on the bill you received. You will receive a written notification telling you whether your installment agreement request has been approved or whether it needs to be modified. Once approved, you will be subject to a $105 fee ($52 if payments will be made by electronic funds withdrawal or $43 if your income is below a certain level. A fee of $45 is also charged for reinstating defaulted installment agreements or restructuring existing installment agreements regardless of your income level. If you already have an approved installment agreement from a previous tax debt and your financial situation has changed, we may be able to modify or restructure your installment agreement to include additional amounts owed into one agreement.
18 Tax Tip 17 IRS NOTICES If you receive a notice from the Internal Revenue Service that you believe is incorrect, you should respond as soon as possible by calling the telephone number identified on the notice or by writing to the office that sent you the bill. Publication 594 contains guidance on how to respond to notices, but, generally speaking, you should explain carefully your position on the notice and include with your response a copy of such notice plus copies of any cancelled checks or other documents which may help explain your position. If you need more time to formulate a response to a notice or gather information, you should contact the IRS immediately to ask for additional time. You may also call the customer service center in Philadelphia at +1 (215) or the Paris, France, office at +33 (0) to receive certain limited assistance regarding notices.
19 Tax Tip 18 UNRESOLVED TAX MATTERS If you have tried to resolve a tax problem but it has not been resolved in a timely manner or if an IRS action is causing you a significant hardship, you should contact the International Taxpayer Advocate by: Phone: +1 (877) or +1 (787) Fax: +1 (787) Mail: Internal Revenue Service Attn: Taxpayer Advocate Office San Patricio Office Building, Room Tabonuco Street Guaynabo, Puerto Rico For further information about the Taxpayer Advocate refer to Publication 1546 or go to
20 Tax Tip 19 INDIVIDUAL TAXPAYER IDENTIFICATION NUMBERS (ITINS) If you are not eligible to receive a Social Security Number but need to file a tax return, you must apply for an Individual Taxpayer Identification Number (ITIN) with Form W-7. An ITIN is issued by the Internal Revenue Service and begins with the number "9." It may look like a Social Security number, but an ITIN is used only for federal income tax purposes and has no effect on your work or immigration status in the U.S. The procedures for requesting an ITIN are very specific and generally require that your application include a completed and signed Form W-7, a photocopy of your passport which has been certified by a U.S. consular official, and some kind of additional documentation (e.g., tax return, contract, bank or brokerage statement, etc.) proving that you have U.S. income. Please read the Instructions for Form W-7 carefully before requesting an ITIN. Remember that each person who files a U.S. tax return or is listed as a spousal or dependent exemption on such a return must have a valid Social Security Number or ITIN. Complying with this requirement will ensure prompt processing of the return and issuance of any refund.
21 Tax Tip 20 FOREIGN BANK ACCOUNTS American citizens and residents with a financial interest in, or signatory or other authority over, any foreign financial accounts, including bank, securities, and other types of accounts, which exceed $10,000 at any time during a calendar year must file Form TD F with the Department of the Treasury before June 30 th of the following year. Such interests should also be indicated in Part III of Schedule B of Form A TD F does not need to be filed, however, if assets are with a U.S. military banking facility operated by a U.S. financial institution or if the combined value of assets in any and all accounts is $10,000 or less during the year. TD F should be sent (separately from any tax return) to: the United States Department of the Treasury, P.O. Box 32621, Detroit, MI
22 Tax Tip 21 FORM W-9 AND FORM W-8BEN American citizens and residents living overseas are often asked to complete Form W-9 by U.S. financial institutions and other withholding agents to overcome any presumptions of foreign status. Form W-9 is used to confirm that the payee is a U.S. person, his or her Social Security Number or Individual Taxpayer Identification Number is correct, and the payee is not subject to backup withholding due to the failure to report interest and dividend income. Failure to provide a Form W-9 when requested may lead to backup withholding or withholding at the 30% rate typically applied to foreign persons. Similarly, foreign persons are often asked to complete Form W-8BEN to establish that they are not a U.S. person, are the beneficial owner of certain U.S. income, and claim a reduced rate of U.S. withholding as a resident of a foreign country with which the U.S. has an income tax treaty. Failure to provide a Form W-8BEN when requested may lead to withholding at a 30% rate.
23 Tax Tip 22 ESTATE AND GIFT TAX Property owned at the time of death may be subject to federal estate tax, and property given during one s lifetime may be subject to federal gift tax. These taxes, if assessed, are in addition to individual income tax. For 2007, gross estates of not more than $2,000,000 and the first $12,000 of gifts are not taxable. Estates and gifts exceeding these thresholds may be subject to estate and/or gift tax depending on the status of the decedent or donor (e.g., U.S. citizen vs. foreign national), location of the property, and what U.S. law and any estate and gift tax treaties between the U.S. and foreign countries provides. For further information, please refer to Publication 950, Form 706, or Form 709.
24 Tax Tip 23 RECORDS RETENTION & COPIES OF RETURNS Once your tax return is prepared, you should keep all receipts, cancelled checks or other proof of payment, and other records to support deductions or credits you claim on your return. The length of time you should keep these records can vary. Keep items that support an item of income or deduction appearing on a return until the statute of limitations for the return expires, which is: Three years from the date you filed the return (or the return due date if you filed a return before the due date) for an assessment of tax, unless fraud or substantial underreporting of income is involved; Three years from the date you filed the return (or the return due date if you filed a return before the due date) for filing a claim for credit or refund; or Two years from the date you paid the tax, whichever is later. Records relating to the basis in property should be retained until after you dispose of the property and report any gain or loss. To request copies of income tax returns and income source information for the past three years, file Form There is no cost to obtain tax return transcripts or such income source information. To obtain copies of actual returns and attachments, however, there is a $39 charge for each return requested.
25 Tax Tip 24 PAST DUE REFUNDS If you filed your return and are expecting a refund, you can go to Where's My Refund? at to find out whether the Internal Revenue Service processed and sent your refund. To determine the status of your refund, you will need to provide the following information as shown on your return: Social Security Number (or Individual Taxpayer Identification Number) Filing status, (Single, Married Filing Joint Return, Married Filing Separate Return, Head of Household, or Qualifying Widow(er)) Exact refund amount shown on your return If you have not received your check within twenty-eight days of the mailing date shown on Where s My Refund?, you can begin a refund trace online. You can also change your mailing address online if Where s My Refund indicates that your refund was returned as undeliverable.
Tax Assistance Information for Tax Year 2013 (Issued March 2014) Internal Revenue Service American Embassy Paris, France Table of Contents Mission of the IRS at the U.S. Embassy in Paris 1 Contact Information
Tax Assistance Information for Tax Year 2009 (Issued January 2010) American Embassy 2, Avenue Gabriel 75008 Paris France Phone: +33 (0)1 43 12 25 55 Fax: +33 (0)1 43 12 23 03 Email: email@example.com American
Tax Assistance Information for Tax Year 2007 (Issued January 2008) American Embassy 2, Avenue Gabriel 75008 Paris France Phone: + (0) 4 2 25 55 Fax: + (0) 4 2 2 0 Email: firstname.lastname@example.org American Embassy
IRS Tax Seminar For U.S. Citizens Residing Abroad Welcome This seminar will cover: Resources How to get forms and tax information Filing Requirements Foreign Issues Tax Law Changes Questions NEED HELP?
IRS Tax Seminar For U.S. Citizens Residing Abroad Welcome This seminar will cover: Resources How to get forms and tax information Filing Requirements Foreign Issues Tax Law Changes Questions NEED HELP?
GENERAL FILING REQUIREMENTS 1. Who needs to file an income tax return? If you are visiting the U.S. from another country on an F, J, M or Q visa and are classified as a nonresident for U.S. tax purposes,
Instructions for Form 8938 (Rev. December 2014) Statement of Specified Foreign Financial Assets Department of the Treasury Internal Revenue Service Section references are to the Internal Revenue Code unless
Supplement to IRA Custodial Agreements Effective December 31, 2014, the update below will be made to the American Century Custodial agreements for the following retirement accounts: Traditional IRAs, Roth
Dear Plan Participant: Enclosed are materials to help you understand your Marsh & McLennan Companies 401(k) Savings & Investment Plan (Plan) distribution options as a terminated employee. The kit contains
Orange County Employees Retirement System 2223 E. Wellington Avenue. Suite 100 Santa Ana, CA 92701 (714) 558-6200 www.ocers.org Member / Beneficiary Request To Withdraw Contributions / Elect Rollover Please
Slide 1 Taxes Income taxes have been a part of American life since 1909 when the 16 th Amendment to the Constitution was ratified. You can t avoid taxes, so you might as well understand how taxes are structured
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
North Carolina Department of Revenue ATTENTION: NEW NC-4 WITHHOLDING FORMS ENCLOSED IMMEDIATE ACTION REQUIRED North Carolina Department of Revenue TO: IMPORTANT NOTICE: NEW NC-4 REQUIRED FOR PAYMENTS BEGINNING
Annuitization Questions? Call our National Service Center at 1-800-888-2461. Instructions Please type or print. Use this form to begin annuity payments. Complete each section of the form. If you select
2010 ARIZONA FORM 140PY Part-Year Resident Personal Income Tax 8 Great Reasons to e-file this Form! Faster Refunds: Fast as 7 10 Days Filing Confirmation Provided Error/Math Checking Feature Who must use
2015 Partner's Instructions for Schedule K-1 (Form 1065-B) Partner's Share of Income (Loss) From an Electing Large Partnership (For Partner's Use Only) Department of the Treasury Internal Revenue Service
Base Plan Account Withdrawal Purpose of the Form Use this form to choose how you want PERSI to handle the withdrawal of your PERSI Base Plan contributions and interest when you terminate employment with
Publication 4 Cat. No. 46073X Department of the Treasury Internal Revenue Service Student's Guide to Federal Income Tax For use in preparing 2000 Returns Contents Important Changes... 1 Important Reminders...
(06/19/15) Colorado Severance Tax Booklet THIS BOOKLET CONTAINS: DR 0021 Oil and Gas Severance Tax Return DR 0021D Oil and Gas Severance Tax Computation Schedule DR 0021S Application for Extension of Time
The 3121 Premier Plan Eligible Full-Time, Part-Time, Seasonal, and Temporary Employees Social Security Alternative Retirement Plan Employer (please print or type): Distribution Request Form Name of Participant:
Marsh & McLennan Companies 401(k) Savings & Investment Plan BENEFICIARY DISTRIBUTION FORM Use this form to request a distribution as a beneficiary following the death of a participant. IMPORTANT If you
Mailing Address: Des Moines, IA 50392-0001 Principal Life Insurance Company Complete this form to withdraw part of the retirement account in cash while still employed. Participant/Spouse complete Sections
2014 Partner's Instructions for Schedule K-1 (Form 1065) Partner's Share of Income, Deductions, Credits, etc. (For Partner's Use Only) Department of the Treasury Internal Revenue Service Section references
NEW YORK STATE TEACHERS RETIREMENT SYSTEM GENERAL INCOME TAX INFORMATION TABLE OF CONTENTS Taxes on Loans from the Annuity Savings Fund 1 (Tier 1 and 2 Members Only) Taxes on the Withdrawal of the Annuity
02-999-2104, 03-527-3254, 09-746-0623 Cellular: 052-274-9999 Fax: 02-991-0195 Email: email@example.com Website: www.ardcpa.com U.S. / ISRAELI INCOME TAX UPDATE FOR YEAR 2015 (2014 Tax Year) The 2014 U.S.
Dummies Guide -- US Taxes Abroad Introduction and Overview You're a US citizen or a green card holder and you live somewhere outside the USA (i.e., in a "foreign" country). You may have US tax filing obligations
Frequently Asked Questions 1. Do I have to file? In general, you must file a California tax return if you are: Single, or head of household, and either of the following apply: Gross income is more than
NORTHEAST INVESTORS TRUST traditional IRA INVESTOR S KIT 125 High Street Boston, MA 02110 Telephone: 800-225-6704 Table of Contents NORTHEAST INVESTORS TRUST TRADITIONAL IRA DISCLOSURE STATEMENT...1 INTRODUCTION...1
STATE STREET BANK AND TRUST COMPANY UNIVERSAL INDIVIDUAL RETIREMENT ACCOUNT INFORMATION KIT FOR INVESTMENT IN SEQUOIA FUND, INC. (EFFECTIVE JANUARY 1, 2015) 1 SEQUOIA FUND, INC. State Street Bank and Trust
Mailing Address: Des Moines, IA 50392-0001 Principal Life Insurance Company Early Withdrawal of Benefits Without Guaranteed Accounts No Spousal Consent Needed CTD00603 Complete this form to withdraw part
Instructions Fidelity Investments Distribution Form Before you complete the Fidelity Investments Distribution Form, please read the following instructions. Each item listed below corresponds with the steps
Arizona Form 2002 Property Tax Refund (Credit) Claim 140PTC NOTICE: If you are age 70 or over and meet certain tests, you may be able to defer the payment of your property taxes on your home. You should
Mailing Address: P.O. Box 9394 Des Moines, IA 50306-9394 Principal Life Insurance Company Small Amounts Benefit Election You are entitled to a distribution according to the Small Amounts provision of the
Distribution Form Subject to Joint & Survivor Annuity Please refer to the Plan s Summary Plan Description (SPD) for reasons distributions that are allowed in your plan. You may review the SPD, your account
Retirement Plan Services P.O. Box 2978 5910 Mineral Point Road Madison, WI 53701-2978 Phone: 800.999.8786 Fax: 608.236.8017 www.benefitsforyou.com Retirement Plan DISTRIBUTION FORM DEFINED CONTRIBUTION
State Street Bank and Trust Company Universal Individual Retirement Account Information Kit The Federated Funds State Street Bank and Trust Company Universal Individual Retirement Custodial Account Instructions
Distribution Options For Defined Contribution and 403(b) Plans Without Life Annuities Take the Time to Decide What will you do with your retirement savings? Life is full of changes. We retire. We change
#1303-PS (5/14/2008) Governmental 457(b) Application For Distribution GENERAL INFORMATION Name of Plan Name of Employer Address City State Zip Name of Participant Date of Birth Complete the following section
Department of the Treasury Internal Revenue Service Publication 501 Cat. No. 15000U Exemptions, Standard Deduction, and Filing Information For use in preparing 2013 Returns Contents What's New... 1 Reminders...
2009 Instructions for Form 1116 Foreign Tax Credit (Individual, Estate, or Trust) Department of the Treasury Internal Revenue Service Section references are to the Internal K-1 (Form 1041), Schedule K-1
TAXATION OF U.S. EXPATRIATES gtn.com C O N T E N T S 1. Introduction 1 2. Case Study Facts 2 3. U.S. Income Taxation Overview 4 Federal Income Tax Calculation 5 Foreign Earned Income and Housing Exclusions
MUNICIPAL INCOME TAX 2014 INDIVIDUAL TAX FORM INSTRUCTION BOOKLET CCA DIVISION OF TAXATION a return envelope. Estimated payments and prior year credits may be reviewed 24/7 by calling The 2014 Return is
UBS Trust Company of Puerto Rico Non-Deductible/ROTH IRA Disclosure Statement UBS Trust Company of Puerto Rico ( UBS Trust or the Trustee ), as trustee of the UBS Puerto Rico Non- Deductible/ ROTH Individual
2721 North Central Avenue Phoenix, Arizona 85004-1172 firstname.lastname@example.org Roth Individual Retirement Account Disclosure Statement (Pursuant to Treasury Regulation 1.408-6) Right to Revoke Your
Department of the Treasury Your Federal Income Tax For Individuals TAX YEAR 2012 Jan. 1 - Dec. 31, 2012 Download via efile.com Internal Revenue Service All material in this publication may be reprinted
Traditional IRA Owner Resource Book A benefit under the Defined Contribution Retirement Accounts (DCRA) of the Pension Fund of the Christian Church (Disciples of Christ) TABLE OF CONTENTS INTRODUCTION...1
Franklin Templeton Retirement Plan Beneficiary Distribution Request For assistance, please call your financial advisor or Franklin Templeton Retirement Services at 1-800/527-2020. 1 PARTICIPANT (DECEDENT)
2005 Instructions for Form 1116 Foreign Tax Credit (Individual, Estate, or Trust) Section references are to the Internal Revenue Code unless otherwise noted. Department of the Treasury Internal Revenue
Arizona Form 2013 Property Tax Refund (Credit) Claim 140PTC NOTICE: If you are age 70 or over and meet certain tests, you may be able to defer the payment of your property taxes on your home. You should
Federal Income Tax Payment Options Kristy Maitre Tax Specialist Center for Agricultural Law and Taxation June 24, 2015 What Has to Happen First? Agenda The tax must be assessed or the client can pre pay
To: Plan Member From: Service Center Subject: Age 59½ Withdrawal Request ELCA Retirement Plan Enclosed is the information you requested regarding making a withdrawal from your ELCA Retirement Plan account.
TERMINATION FORM - 206 Participant must be provided with the Special Tax Notice Regarding Plan Payments. I INSTRUCTIONS The Termination Form is used to process all types of plan distributions due to termination
ROTH IRA DISCLOSURE STATEMENT The Pension Fund of the Christian Church established and maintains the Defined Contribution Retirement Accounts of the Pension Fund of the Christian Church (Disciples of Christ)
#10486 (3/2004) QP/401(k) Separation From Service Distribution Request Form This form may be used if you have separated from service due to termination, disability or attainment of normal retirement age
SACRAMENTO METROPOLITAN FIRE DISTRICT GOVERNMENTAL 457 DEFERRED COMPENSATION PLAN DEEMED IRA ACCOUNTS DISCLOSURE STATEMENT This Disclosure Statement summarizes the provisions relating to the deemed IRA
Web 2-15 NC-4 Employee s Withholding Allowance Certificate PURPOSE - Complete Form NC-4, Employee s Withholding Allowance Certificate, so that your employer can withhold the correct amount of State income
2014 Instructions for Form 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts Department of the Treasury Internal Revenue Service Section references are to the Internal
Web 12-14 NC-4P Withholding Certificate for Pension or Annuity Payments PURPOSE. Form NC-4P is for North Carolina residents who are recipients of income from pensions, annuities, and certain other deferred
Retirement A Guide to Roth IRAs A Roth IRA is an individual retirement account named for the late Senate Finance Committee Chairman, William Roth, Jr. who championed the creation of this new type of IRA.
2014 Instructions for Form 1116 Foreign Tax Credit (Individual, Estate, or Trust) Section references are to the Internal Revenue Code unless otherwise noted. Future Developments For the latest information
Payout Guide A GUIDE TO OPTIONS FOR YOUR STATE OF MICHIGAN 401(K) AND 457 PLAN ACCOUNTS 1-800-748-6128 http://stateofmi.ingplans.com State of Michigan 401(k) and 457 Plan Participant: You ve worked hard
INTERNATIONAL TAX COMPLIANCE FOR GOVERNMENT CONTRACTORS Mark T. Gossart Alison N. Dougherty September 26, 2012 2012 All Rights Reserved 805 King Farm Boulevard Suite 300 Rockville, Maryland 20850 301.231.6200
Tax Impact of Job Loss Facts JOB LOSS CREATES TAX ISSUES The Internal Revenue Service recognizes that the loss of a job may create new tax issues. The IRS provides the following information to assist displaced
Tax Guide for 2015 TAX ASPECTS OF MUTUAL FUND INVESTING INTRODUCTION I. Mutual Fund Distributions A. Distributions From All Mutual Funds 1. Net Investment Income and Short-Term Capital Gain Distributions
North Carolina WWW.DOR.STATE.NC.US NC TAX TALK 2000 Individual Income Tax Instructions for Forms D-400 and D-400EZ IRS Are you interested in... A Faster Refund? A More Accurate Return? Filing Your Federal
Use this form to request a one-time immediate distribution from a Fidelity Traditional, Rollover, SEP, Roth, or SIMPLE IRA. If you wish to request a one-time distribution via check to your address of record,
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
Tax Considerations for Rollovers 2015 Contents Introduction 3 30-Day Notice Period and Your Right to Waive General Information About Rollovers 4 What Is a Rollover? What Payments Can Be Rolled Over? What
Hardship Withdrawal Form READ THE ATTACHED IRS SPECIAL TAX NOTICE: IF YOUR PLAN ALLOWS FOR AN ANNUITY OPTION, READ THE WRITTEN EXPLANATION OF QUALIFIED JOINT AND 50% CONTINGENT SURVIVIOR ANNUITY FORM OF
University of Northern Iowa Direct Deposit of Payroll Authorization Form Name (Please Print) (Last, First, MI) UNI ID# I hereby authorize the University of Northern Iowa to initiate direct deposit credit
Tax Impact of Job Loss Facts JOB LOSS CREATES TAX ISSUES The Internal Revenue Service recognizes that the loss of a job may create new tax issues. The IRS provides the following information to assist displaced
Part One of the Disclosure Statement describes the rules applicable to Traditional IRAs. IRAs described in these pages are called Traditional IRAs to distinguish them from the Roth IRAs, which are described
a b 2015 tax planning guide The confidence to pursue all your life goals begins with a plan. Advice. Beyond investing. Your financial life encompasses much more than the current markets. It includes your
Department of the Treasury Internal Revenue Service Publication 515 Cat. No. 15019L Withholding of Tax on Nonresident Aliens and Foreign Entities For use in 2013 Contents What's New... 1 Reminders... 2
Substitute W-4P Tax Withholding Certificate for Pension or Annuity Payments Wis. Stat. 40.08 (1) Wisconsin Department of Employee Trust Funds 801 W Badger Road PO Box 7931 Madison WI 53707-7931 1-877-533-5020
Tax Information for Students and Scholars Student Financial Aid with assistance from Internal Revenue Service March 30, 2011 Topics of Discussion Who needs to file a tax return Taxation on Scholarships
NetActuary.com.au Retirement Solutions Actuaries TECHNICAL NOTE TRANSFERRING US 401K AND IRA ACCOUNTS TO AUSTRALIA ITEM 1. Introduction and Overview 2. US Fund Withdrawals 3. Types of US Retirement Funds
Government of the District of Columbia 2014 SCHEDULE H Homeowner and Renter Property Tax Credit Important: Read eligibility requirements before completing. Print in CAPITAL letters using black ink. Personal
AFPlanServ 403(b) Hardship Distribution Authorization Form Participant Instructions If your Plan allows loans, you must apply for a loan first. If you are not eligible for a loan from your provider, your
ARIZONA FORM 140NR Nonresident Personal Income Tax 8 Great Reasons to e-file this Form! Faster Refunds: Fast as 7 10 Days Filing Confirmation Provided Error/Math Checking Feature File Federal & State Forms
TEL. # 718-745-3487 FAX # 718-745-2976 CLAIM FOR DEATH BENEFIT INSTRUCTIONS: - Please print in ink or type. - Complete all applicable items. - Sign and have this form notarized - Attach a certified copy
2012 Income Tax Overview For Students March 13, 2013 Stanford University Palo Alto, CA A Mission Society of Enrolled Agents Speaker s Bureau Presentation DOES THE TAX CODE SPEAK TO YOU? IF NOT, LET US.
Arizona Form 2009 Resident Personal Income Tax Return 140 Leave the Paper Behind - e-file! Quick Refunds Accurate Proof of Acceptance Free ** No more paper, math errors, or mailing delays when you e-file!