Filing Status Check only one box. Exemptions If more than four dependents, see instructions. Department of the Treasury Internal Revenue Service Form 1040 U.S. Individual Income Tax Return 2007 IRS Use Only Do not write or staple in this space. Label (See instructions.) Use the IRS label. Otherwise, please print For the year Jan 1 - Dec 31, 2007, or other tax year beginning, 2007, ending, 20 OMB No. 1545-0074 Your first name MI Last name Your social security number If a joint return, spouse s first name MI Last name Spouse s social security number MRY SMITH 012-34-5679 Home address (number and street). If you have a P.O. box, see instructions. partment no. You must enter your social security or type. 17 MIN ST J number(s) above. J Presidential Election Campaign djusted Gross JOHN SMITH 012-34-5678 City, town or post office. If you have a foreign address, see instructions. State ZIP code 1 Single 4 Head of household (with qualifying person). (See instructions.) If the qualifying person is a child 2 X Married filing jointly (even if only one had income) but not your dependent, enter this child s 3 Married filing separately. Enter spouse s SSN above & full name here G name here.. G 5 Qualifying widow(er) with dependent child (see instructions) Boxes checked 6a X Yourself. If someone can claim you as a dependent, do not check box 6a............ on 6a and 6b.. b X Spouse....................................................................... c Dependents: (2) Dependent s social security (3) Dependent s relationship number to you (4) bif qualifying child for child tax credit (see instrs) Checking a box below will not change your tax or refund. SLEM NH 03079 Check here if you, or your spouse if filing jointly, want $3 to go to this fund? (see instructions)................ G You Spouse (1) First name Last name JOSEPH SMITH MRCI SMITH 012-34-5670 Son 013-24-5670 Daughter No. of children on 6c who:? lived with you.....? did not live with you due to divorce or separation (see instrs)... Dependents on 6c not entered above. dd numbers on lines d Total number of exemptions claimed...................................................... above..... G Income 7 Wages, salaries, tips, etc. ttach Form(s) W-2........................................ 7 8a Taxable interest. ttach Schedule B if required........................................ 8a b Tax-exempt interest. Do not include on line 8a............. 8b ttach Form(s) 9a Ordinary dividends. ttach Schedule B if required..................................... 9a W-2 here. lso b Qualified dividends (see instrs)................................. 9b attach Forms 10 Taxable refunds, credits, or offsets of state and local income taxes (see instructions)...................... 10 W-2G and 1099-R if tax was withheld. 11 limony received.................................................................. 11 12 Business income or (loss). ttach Schedule C or C-EZ................................. 12 If you did not get a W-2, 13 Capital gain or (loss). tt Sch D if reqd. If not reqd, ck here......................... G 13 see instructions. 14 Other gains or (losses). ttach Form 4797............................................ 14 15a IR distributions............ 15 a b Taxable amount (see instrs).. 15b 16a Pensions and annuities...... 16 a b Taxable amount (see instrs).. 16b 17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. ttach Schedule E.. 17 Enclose, but do 18 Farm income or (loss). ttach Schedule F............................................ 18 not attach, any 19 Unemployment compensation....................................................... 19 payment. lso, 20a Social security benefits.......... 20 a b Taxable amount (see instrs).. please use 20b Form 1040-V. 21 Other income 21 22 dd the amounts in the far right column for lines 7 through 21. This is your total income G 22 23 Educator expenses (see instructions)...................... 23 24 Certain business expenses of reservists, performing artists, and fee-basis government officials. ttach Form 2106 or 2106-EZ.................... 24 Income 25 Health savings account deduction. ttach Form 8889........ 25 26 Moving expenses. ttach Form 3903....................... 26 27 One-half of self-employment tax. ttach Schedule SE....... 27 28 Self-employed SEP, SIMPLE, and qualified plans........... 28 29 Self-employed health insurance deduction (see instructions)............. 29 30 Penalty on early withdrawal of savings..................... 30 31a limony paid b Recipient s SSN.... G.. 31a 32 IR deduction (see instructions)........................... 32 33 Student loan interest deduction (see instructions)........... 33 34 Tuition and fees deduction. ttach Form 8917.............. 34 35 Domestic production activities deduction. ttach Form 8903............. 35 36 dd lines 23-31a and 32-35............................................................ 36 37 Subtract line 36 from line 22. This is your adjusted gross income..................... G 37 B For Disclosure, Privacy ct, and Paperwork Reduction ct Notice, see instructions. FDI0112 12/06/07 Form 1040 (2007) X X 2 2 4 75,000. 357.
Form 1040 (2007) JOHN & MRY SMITH 012-34-5678 Page 2 Tax and 38 mount from line 37 (adjusted gross income)......................................... 38 Credits 39a Check You were born before January 2, 1943, Blind. Total boxes if: Spouse was born before January 2, 1943, Blind. checked G 39a b If your spouse itemizes on a separate return, or you were a dual-status alien, see instrs and ck here G 39b 40 Itemized deductions (from Schedule ) or your standard deduction (see left margin).................... 40 10,700. 41 Subtract line 40 from line 38........................................................ 41 64,657. Standard Deduction for? People who checked any box on line 39a or 39b or who can be claimed as a dependent, see instructions.? ll others: Single or Married filing separately, $5,350 Married filing jointly or Qualifying widow(er), $10,700 Head of household, $7,850 Third Party Designee 42 If line 38 is $117,300 or less, multiply $3,400 by the total number of exemptions claimed on line 6d. If line 38 is over $117,300, see the instructions...................... 42 43 Taxable income. Subtract line 42 from line 41. If line 42 is more than line 41, enter -0-...................................................... 43 44 Tax (see instrs). Check if any tax is from: a Form(s) 8814 b Form 4972 c Form(s) 8889........................ 44 45 lternative minimum tax (see instructions). ttach Form 6251.......................... 45 46 dd lines 44 and 45.............................................................. G 46 Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and Sign belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Here Your signature Date Your occupation Daytime phone number Joint return? See instructions. Keep a copy for your records. 52 Child tax credit (see instructions). ttach Form 8901 if required.......... 52 53 Retirement savings contributions credit. ttach Form 8880... 53 54 Credits from: a Form 8396 b Form 8859 c Form 8839.. 54 55 Other credits: a Form 3800 b Form 8801 c Form 55 56 dd lines 47 through 55. These are your total credits.................................. 56 57 Subtract line 56 from line 46. If line 56 is more than line 46, enter -0-.................. G 57 58 Self-employment tax. ttach Schedule SE..................................................... 58 Other 59 Unreported social security and Medicare tax from: a Form 4137 b Form 8919.................. 59 Taxes 60 dditional tax on IRs, other qualified retirement plans, etc. ttach Form 5329 if required.................. 60 61 dvance earned income credit payments from Form(s) W-2, box 9...................... 61 62 Household employment taxes. ttach Schedule H..................................... 62 63 dd lines 57-62. This is your total tax..................................................... G 63 Payments 64 Federal income tax withheld from Forms W-2 and 1099...... 64 8,500. 65 2007 estimated tax payments and amount applied from 2006 return........ 65 If you have a qualifying 66a Earned income credit (EIC)............................ No... 66a child, attach b Nontaxable combat pay election..... G 66b Schedule EIC. 67 Excess social security and tier 1 RRT tax withheld (see instructions)...... 67 68 dditional child tax credit. ttach Form 8812............... 68 69 mount paid with request for extension to file (see instructions).......... 69 70 Payments from: a Form 2439 b Form 4136 c Form 8885 70 71 Refundable credit for prior year minimum tax from Form 8801, line 27...... 71 72 dd These lines are 64, your 65, total 66a, payments and 67 through..... 71....................................................... G 72 Refund 73 If line 72 is more than line 63, subtract line 63 from line 72. This is the amount you overpaid................ 73 Direct deposit? 74a mount of line 73 you want refunded to you. If Form 8888 is attached, check here.. G 74a See instructions G b Routing number....... XXXXXXXXX G c Type: Checking Savings and fill in 74b, G d ccount number....... 74c, and 74d or XXXXXXXXXXXXXXXXX Form 8888. 75 mount of line 73 you want applied to your 2008 estimated tax........ G 75 mount 76 mount you owe. Subtract line 72 from line 63. For details on how to pay, see instructions............... G 76 You Owe 77 Estimated tax penalty (see instructions).................... 77 Do you want to allow another person to discuss this return with the IRS (see instructions)?.......... Yes. Complete the following. X No Designee s Phone Personal identification name G no. G number (PIN) G 47 Credit for child and dependent care expenses. ttach Form 2441.......... 47 48 Credit for the elderly or the disabled. ttach Schedule R..... 48 49 Education credits. ttach Form 8863....................... 49 50 Residential energy credits. ttach Form 5695............... 50 51 Foreign tax credit. ttach Form 1116 if required............. 51 Spouse s signature. If a joint return, both must sign. Date Spouse s occupation Preparer s signature Date Preparer s SSN or PTIN 01/06/2008 Check if self-employed X P00025097 Paid Preparer s Firm s name TOTL TX SOLUTIONS LLC (or yours if Use Only self-employed), 25 Indian Rock Rd. Ste 23 EIN address, and ZIP code FDI0112 12/06/07 ENGINEER ENGINEER Windham NH 03087-0156 2,000. Phone no. 13,600. 51,057. 6,879. 1,014. 2,000. 5,893. 5,893. 8,500. 2,607. 2,607. 41-2212398 (603) 421-0007 Form 1040 (2007)
Form 6251 Department of the Treasury Internal Revenue Service (99) Name(s) shown on Form 1040 or Form 1040NR JOHN & MRY SMITH 012-34-5678 Part I lternative Minimum Taxable Income (See instructions for how to complete each line.) 1 If filing Schedule (Form 1040), enter the amount from Form 1040, line 41, and go to line 2. Otherwise, enter the amount from Form 1040, line 38, and go to line 7. (If less than zero, enter as a negative amount.).. 1 2 Medical and dental. Enter the smaller of Schedule (Form 1040), line 4 or 2-1/2% of Form 1040, line 38. If zero or less, enter -0-................................................................................ 2 3 Taxes from Schedule (Form 1040), line 9............................................................. 3 4 Enter the home mortgage interest adjustment, if any, from line 6 of the worksheet in the instructions......... 4 5 Miscellaneous deductions from Schedule (Form 1040), line 27.......................................... 5 6 If Form 1040, line 38, is over $156,400 (over $78,200 if married filing separately), enter the amount from line 11 of the Itemized Deductions Worksheet in the Instructions for Schedule (Form 1040)................ 6 7 Tax refund from Form 1040, line 10 or line 21........................................................... 7 8 Investment interest expense (difference between regular tax and MT).................................... 8 9 Depletion (difference between regular tax and MT)..................................................... 9 10 Net operating loss deduction from Form 1040, line 21. Enter as a positive amount.......................... 10 11 Interest from specified private activity bonds exempt from the regular tax.................................. 11 12 Qualified small business stock (7% of gain excluded under section 1202).................................. 12 13 Exercise of incentive stock options (excess of MT income over regular tax income)........................ 13 14 Estates and trusts (amount from Schedule K-1 (Form 1041), box 12, code ).............................. 14 15 Electing large partnerships (amount from Schedule K-1 (Form 1065-B), box 6)............................. 15 16 Disposition of property (difference between MT and regular tax gain or loss).............................. 16 17 Depreciation on assets placed in service after 1986 (difference between regular tax and MT)............... 17 18 Passive activities (difference between MT and regular tax income or loss)................................ 18 19 Loss limitations (difference between MT and regular tax income or loss)................................. 19 20 Circulation costs (difference between regular tax and MT).............................................. 20 27 lternative tax net operating loss deduction............................................................ 27 28 lternative minimum taxable income. Combine lines 1 through 27. (If married filing separately and line 28 is more than $165,000, see instructions.)............................................................... 28 Part II lternative Minimum Tax 29 Exemption. (If this form is for a child under age 18, see instructions.) IF your filing status is... lternative Minimum Tax Individuals G See separate instructions. G ttach to Form 1040 or Form 1040NR. 21 Long-term contracts (difference between MT and regular tax income).................................... 21 22 Mining costs (difference between regular tax and MT).................................................. 22 23 Research and experimental costs (difference between regular tax and MT)............................... 23 24 Income from certain installment sales before January 1, 1987............................................ 24 25 Intangible drilling costs preference.................................................................... 25 26 Other adjustments, including income-based related adjustments.......................................... 26 ND line 28 is not over... THEN enter on line 29... Single or head of household........................... $112,500............ $33,750 Married filing jointly or qualifying widow(er).............. 150,000............ 45,000..... 29 Married filing separately............................... 75,000............ 22,500 If line 28 is over the amount shown above for your filing status, see instructions. 30 Subtract line 29 from line 28. If more than zero or you are filing Form 2555 or 2555-EZ, go to line 31. If zero or less and you are not filing Form 2555 or 2555-EZ, enter -0- on lines 33 and 35 and skip the rest of Part II............................................ 30 31?If you are filing Form 2555 or 2555-EZ, see instructions for the amount to enter.?if you reported capital gain distributions directly on Form 1040, line 13; you reported qualified dividends on Form 1040, line 9b; or you had a gain on both lines 15 and 16 of Schedule D (Form 1040) (as refigured for the MT, if necessary), complete Part III on page 2 and enter the amount from line 55 here...... 31?ll others: If line 30 is $175,000 or less ($87,500 or less if married filing separately), multiply line 30 by 26% (.26). Otherwise, multiply line 30 by 28% (.28) and subtract $3,500 ($1,750 if married filing separately) from the result. 32 lternative minimum tax foreign tax credit (see instructions).............................................. 32 33 Tentative minimum tax. Subtract line 32 from line 31.................................................... 33 34 Tax from Form 1040, line 44 (minus any tax from Form 4972 and any foreign tax credit from Form 1040, line 51). If you used Schedule J to figure your tax, the amount from line 44 of Form 1040 must be refigured without using Schedule J (see instructions)............................................................. 34 35 lternative minimum tax. Subtract line 34 from line 33. If zero or less, enter -0-. Enter here and on Form 1040, line 45................................................................................... 35 OMB No. 1545-0074 2007 ttachment Sequence No. 32 Your social security number B For Paperwork Reduction ct Notice, see separate instructions. FDI5312 06/29/07 Form 6251 (2007) 0. 45,000. 30,357. 6,879. 1,014.
Form 6251 (2007) JOHN & MRY SMITH 012-34-5678 Page 2 Part III Tax Computation Using Maximum Capital Gains Rates 36 Enter the amount from Form 6251, line 30.............................................................. 36 37 Enter the amount from line 6 of the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 44, or the amount from line 13 of the Schedule D Tax Worksheet in the instructions for Schedule D (Form 1040), whichever applies (as refigured for the MT, if necessary) (see instructions).......................................................... 37 38 Enter the amount from Schedule D (Form 1040), line 19 (as refigured for the MT, if necessary) (see instructions)........................................ 38 39 If you did not complete a Schedule D Tax Worksheet for the regular tax or the MT, enter the amount from line 37. Otherwise, add lines 37 and 38, and enter the smaller of that result or the amount from line 10 of the Schedule D Tax Worksheet (as refigured for the MT, if necessary)........................... 39 40 Enter the smaller of line 36 or line 39.................................................................. 40 41 Subtract line 40 from line 36.......................................................................... 41 42 If line 41 is $175,000 or less ($87,500 or less if married filing separately), multiply line 41 by 26% (.26). Otherwise, multiply line 41 by 28% (.28) and subtract $3,500 ($1,750 if married filing separately) from the result......................................................................................... G 42 43 Enter:? $63,700 if married filing jointly or qualifying widow(er),? $31,850 if single or married filing separately, or............ 43? $42,650 if head of household. 44 Enter the amount from line 7 of the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 44, or the amount from line 14 of the Schedule D Tax Worksheet in the instructions for Schedule D (Form 1040), whichever applies (as figured for the regular tax). If you did not complete either worksheet for the regular tax, enter -0-................................ 44 45 Subtract line 44 from line 43. If zero or less, enter -0-......................... 45 46 Enter the smaller of line 36 or line 37....................................... 46 47 Enter the smaller of line 45 or line 46....................................... 47 48 Multiply line 47 by 5% (.05)......................................................................... G 48 49 Subtract line 47 from line 46................................................ 49 50 Multiply line 49 by 15% (.15)........................................................................ G 50 If line 38 is zero or blank, skip lines 51 and 52 and go to line 53. Otherwise, go to line 51. 51 Subtract line 46 from line 40................................................ 51 52 Multiply line 51 by 25% (.25)........................................................................ G 52 53 dd lines 42, 48, 50, and 52.......................................................................... 53 54 If line 36 is $175,000 or less ($87,500 or less if married filing separately), multiply line 36 by 26% (.26). Otherwise, multiply line 36 by 28% (.28) and subtract $3,500 ($1,750 if married filing separately) from the result........................................................................................... 54 55 Enter the smaller of line 53 or line 54 here and on line 31................................................ 55 Form 6251 (2007) FDI5312 06/29/07