The IRS Audit Blog

Posts Tagged ‘form’

Question: 433-form-www.IRS.gov?

from the IRS

Answer: What is your question?

Tax bill too big? IRS offers payment options

Can’t come up with the money to pay your tax bill? The IRS offers several different ways to pay.

Question: What IRS form do I use?

I was wondering what type of form do i use to file my taxes if I am a college student that had like 2 jobs, well three but i never really recieved a check for that job. Do I use the 1040 EZ like I did in high school or do I have to move on to the 1040?

Answer: Bostonianinmo has it pretty nailed.

I would add that so long as you receive W-2’s, it’s easy. If you get a 1099 for the one job, you can just let it go, but you may want to consider a complaint against that employer. It is likely you are being cheated by the employer pretending you were not legally an employee and making you pay both halves of the social security taxes. I might add they almost certainly cheated you with unemployment and workers’ comp then too. That all is, of course, if they 1099 you.

But if you meant that you never actually got paid by them, then they don’t matter, this year. If you ever do receive the wages, they matter the year you receive them, not this year.

With the exception of complications like that, the 1040EZ vs. 1040A or 1040 question is really more about ease of filing vs. do you have any deductions you think could noticeably reduce your tax. One year, you might want to fill out all three or at least the 1040 and compare for which gets the most back (or owes the least…) and was it worth the effort?

For instance, this year the sales tax deduction will apply again. Nobody thinks much of it, but it has an interesting aspect if you bought something with a big sales tax on it like a car. Not only do you get the entire deduction anyone else in your state would get, but you also get to add in the entire sales tax you paid. So a deduction of, say, $250 might jump up to $1,250 when your car’s sales tax is added in. That could seriously affect your refund any year you buy a car in, assuming the deduction is made permanent.

Easy is nice, more money back is nicer!

Small-business owners can brush up on taxes

Find out which form to use, the difference between deductions and credits, and more Changes may affect some pension checks

1040 form

Question: TurboTax is telling me to Prepare and File Form SS-8 for 1099-MISC I got from my employer…Do I?

So here’s the deal:
Employer gave me a nice bonus. Yay me! January I received a W-2 and a 1099-MISC (for the bonus) from the employer. Went to fill out my taxes on TurboTax, got to the 1099 part, and now TurboTax says to continue I need to Prepare and File Form SS-8 and send it to the IRS…is that right? Do I do this?

No taxes were taking from the 1099, and the employer filled out line 7. Is that even right? should line 3 have been filled out instead?

HELP! I hate taxes! and have no clue what to do….
Someone suggested filling out a schedule C instead….is that possible? or do I have to do the SS-8?

Answer: What an employer! Any type of bonus, paycheck, anything coming from your employer should have the taxes taken out. Since they did not do that, it is up to you to pay the taxes on it. Yea you!

Advice: Which tax form do you need, 1099 or W2?

How to tell whether you need a 1099 or a W2 at tax time. Also: Making employees want to stay. Dear Karen: Nearly 80% of my revenue comes from one company on a 1099 basis. Will the IRS consider me that company’s employee?

Utah Estate Planning 107 – Joint Tenancy as an Estate Planning Alternative

Question: If we just got approval from IRS to be a 501c3 (non profit) in 2010, do we need to file form 990 for 2009?

I’m trying to figure out if we need to file an extension for the 990 form (non profit) for tax year 2009.
We’re a small non profit organization operating in Georgia since 2004 but with less than 25k year “income” (donations) but we just got our 501c3 approved in March 2010. Please help!!! Today is the last day to file the extension….Thanks!!!

Answer: There wouldn’t be any harm in filing it, so why take the chance?

Ther would be harm if you were supposed to but didn’t.

FILE IT!

Is there such a thing as an extention for the 990?

Can you file the 990-N online?

Check out this web site for some info:

http://nonprofit.about.com/od/nonprofitbasics/tp/Form-990.htm

Special to the Daily Herald

DALLAS — The Internal Revenue Service has released final guidance for small employers eligible to claim the new small business health care tax credit for the 2010 tax year. Included in the release is a one-page form and instructions small employers will use to claim the credit for the 2010 tax year.

Charity Registration

Question: What’s the proper tax form choice for a somewhat expatriate?

I moved to Japan on May 13th, 2009. I have yet to file my U.S. Income Tax for this year.

I’m not sure if I meet the physical present test. Since on the IRS website it is describe as “You meet the physical presence test if you are physically present in a foreign country or countries 330 full days during a period of 12 consecutive months”. Can this period include a portion of 2010? It doesn’t state anything about this period having to be in the 2009 tax year, just a period of 12 consecutive months. However, I’m still not sure.

Would it be better for me to do the better off taking the Foreign Tax Credit (Form 1116) instead of the exclusion on Form 2555?

Answer: Your 12 month period for meeting the physical presence test can straddle two calendar years. You cannot claim it until you have meet the physical presence test however, so you can’t file a return claiming it until about April 7th. Since you reside outside of the US your filing deadline is automatically extended to Jule 15th, so that’s not really a big deal for you.

You must prorate the maximum exclusion for 2009 since it does not include the full calendar year. Add up the number of days in 2009 that you were present in one or more foreign countries and divide it by 365. Multiply that decimal by the exclusion amount ($91,400) to get your 2009 exclusion.

You’ll have to figure your taxes both ways to see which way (2555 or 1116) works out better for you.

BTW, you are not an expatriate unless you have surrendered your citizenship and been granted citizenship in another country. US citizens residing overseas commonly call themselves “expats” but that is not the same as an expatriate.

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