How to file your taxes
|
|
|
- Christina Stokes
- 5 years ago
- Views:
Transcription
1 How to file your taxes (entirely free and with minimal tears) Carina Cheng GSPS April 8, 2016
2 I m no tax expert, but
3 I m no tax expert, but Accounting minor almost
4 I m no tax expert, but Accounting minor almost IRS certified in 2010,2011,2012
5 I m no tax expert, but Accounting minor almost IRS certified in 2010,2011,2012 I ve filed almost 100 tax returns in the past 5 years
6 First things first
7 First things first Tax Deadline this year: April 18!!!
8 First things first Tax Deadline this year: April 18!!! If you end up needing to re-file: use amendment form 1040X
9 e-file programs
10 e-file programs
11 e-file programs Pros: easy if you have limited tax knowledge automatically generates your tax forms and calculates numbers free Cons: could miss certain deductions and credits you qualify for not really free
12 e-file programs
13 Let s explore the 1040
14 1040: Personal Info
15 1040: Personal Info Name, address, SSN
16 1040: Personal Info Name, address, SSN Filing status
17 1040: Personal Info Name, address, SSN Filing status Personal exemption(s)
18 1040: Personal Info Name, address, SSN Filing status Personal exemption(s) 1 if single 2 if married (filing jointly) more if you have kids NONE if you are a dependen
19 1040: Income
20 1040: Income
21 1040: Income Line 7: Wages from W-2
22 1040: Income Line 7: Wages from W-2 Remember this for later
23 1040: Income Line 7: Wages from W-2 Remember this for later Used for CA-540
24 1040: Income Line 7: Wages from W-2 Remember this for later Used for CA-540 Mail this with your 1040
25 1040: Income Box 21: Scholarship Income from 1098t get yours at 1098t.com!
26 1040: Income Box 21: Scholarship Income from 1098t get yours at 1098t.com! Box 5 Box 1 Textbook/Laptop Purchases = Income!
27 1040: Income
28 1040: Income $ W-2
29 1040: Income $ W-2 SCHOLARSHIP IN EXCESS OF TUITION $ 1098t
30 1040: Income 1099-INT $ W-2 SCHOLARSHIP IN EXCESS OF TUITION $ 1098t
31 1040: Income 1099-DIV 1099-INT $ W-2 SCHOLARSHIP IN EXCESS OF TUITION $ 1098t
32 1040: Income 1099-DIV 1099-INT 1099-R $ W-2 SCHOLARSHIP IN EXCESS OF TUITION $ 1098t
33 1040: Deductions
34 1040: Deductions Deduction if you contributed to a retirement account (not ROTH IRA)
35 1040: Deductions Deduction if you contributed to a retirement account (not ROTH IRA) Interest you paid on student loans
36 1040: Deductions Deduction if you contributed to a retirement account (not ROTH IRA) Interest you paid on student loans AGI = Income - Deductions
37 1040: Tax
38 1040: Tax AGI
39 1040: Tax Standard Deduction or itemized* if you: -have large medical expenses -own a house *need to fill out Schedule A AGI
40 1040: Tax Standard Deduction or itemized* if you: -have large medical expenses -own a house *need to fill out Schedule A Exemptions AGI
41 1040: Tax
42 1040: Tax AGI -Deduction -Exemption =Taxable Income
43 1040: Tax AGI -Deduction -Exemption Tax Table! =Taxable Income
44 1040: Tax AGI -Deduction -Exemption Tax Table! =Taxable Income
45 1040: Tax AGI -Deduction -Exemption Tax Table! =Taxable Income
46 1040: Credits
47 1040: Credits While DEDUCTIONS reduce your INCOME, CREDITS reduce your TAX!
48 1040: Credits While DEDUCTIONS reduce your INCOME, CREDITS reduce your TAX! Unfortunately, they will rarely apply to you
49 1040: Credits While DEDUCTIONS reduce your INCOME, CREDITS reduce your TAX! Unfortunately, they will rarely apply to you Lifetime Learning Credit grad students w/tuition > fellowship
50 1040: Other Taxes
51 1040: Other Taxes
52 1040: Other Taxes
53 1040: Payments
54 1040: Payments Federal Income Tax Withheld box 2 on W-2 + box 4 on 1099-INT + box 5 on 1099-DIV + box 4 on 1099-R + others?
55 1040: Payments Federal Income Tax Withheld box 2 on W-2 + box 4 on 1099-INT + box 5 on 1099-DIV + box 4 on 1099-R + others? EIC you probably don t qualify but it s a good one to be aware of
56 1040: Payments Federal Income Tax Withheld box 2 on W-2 + box 4 on 1099-INT + box 5 on 1099-DIV + box 4 on 1099-R + others? Credit for college students EIC you probably don t qualify but it s a good one to be aware of
57 Income - Deductions = AGI - Standard Deduction - Exemptions = Taxable Income Figure out Tax -Credits -Payments 1040: Final Steps
58 1040: Final Steps Income - Deductions = AGI - Standard Deduction - Exemptions = Taxable Income Figure out Tax -Credits -Payments If Tax > Payments: If Payments > Tax: you owe money REFUND
59 Mailing your 1040 Print 3 copies Sign & Date each mail one for federal Get address here: mail one for state (with your CA-540) keep one for your records
60 Estimated Taxes If you owe more than $1000 two years in a row, you will be penalized (a small amount) To avoid fees: file estimated taxes quarterly Form 1040-ES Need to estimate your AGI, taxable income, taxes, deductions, and credits for the year (use prior year as starting point, and overestimate rather than underestimate)
61 CA-540 CA state taxes are similar to the format of the 1040 It starts with your AGI and then just follow instructions (standard deduction, personal exemption, tax table, etc. etc.) Usually the final amount is less than the amount on your 1040 (it IS possible to owe money on one and get back money on another) One cool credit to know about: renter s credit! $60 credit for paying rent in CA, if AGI < some threshold
62 Mailing your CA-540 Print 2 copies Sign & Date each mail one for state (with your 1040) Get address here: keep one for your records
63 Mailing your CA-540 Print 2 copies Sign & Date each mail one for state (with your 1040) Get address here: keep one for your records Don t forget to include copies of your W-2 for both federal & state!
64 International Taxes Use glaciertax.com (not free) to file taxes Usually treated as a US resident for tax purposes But certain deductions/credits may not apply
65 That s all! Taxes just boil down to: following instructions and rules and exceptions to the rules and exceptions to the exceptions simple math a little patience IRS website is very well documented and Google is your friend
7.4: FORMS 1040 EZ AND 1040A OBJECTIVES
Section 7.4: FORMS 1040 EZ AND 1040A OBJECTIVES Complete form 1040EZ. Complete form 1040A. Key Terms Form 1040EZ Form 1040A Form 1040 dependent exemption itemize standard deduction Chapter 7: Income Taxes
Tax Basics Workshop, for Professional Degree Students at UCSF
Tax Basics Workshop, for Professional Degree Students at UCSF Tuesday 2/12/19 in S-214 Wednesday 2/20/19 in CL 221-222 and Monday 2/25/19 in N-225 Zoom: https://ucsf.zoom.us/j/8531229278 Daniel Roddick
Basic Certification Test: Study Guide for Tax Year 2017
Basic Certification Test: Study Guide for Tax Year 2017 TRAINING PRACTICE PROBLEMS 2018 i The items in parentheses refer to sections or page numbers in Publication 4012, Volunteer Resource Guide. It s
Other Taxes and Payments
Other Taxes and Payments Hint: TaxSlayer provides all the forms and schedules you need in order to figure and report these taxes, and in most cases, performs the calculations. Other Taxes 57 Self-employment
Sponsored by University Student Financial Services PERSONAL TAXES. Jodi R. Kessler, LLM Tax Manager Harvard University
Sponsored by University Student Financial Services PERSONAL TAXES Jodi R. Kessler, LLM Tax Manager Harvard University 1 DISCLAIMER Federal income tax; states may differ Information is specific to US citizens
A & B Office. Education Benefits. A Self-Improvement Mini-Course. Student Loan Interest & Education Expenses. Income Tax Training School
A & B Office Income Tax Training School Education Benefits Student Loan Interest & Education Expenses Key Features: Learn how to properly calculate education expenses. Step-by-step description of the education
Taxpayer Questionnaire
Personal Information Select Filing Status (select ONE) Single Married Filing Joint Married Filing Separately Head of Household Qualifying Widow(er). Year spouse died: Help Me Choose Enter Personal Information
Federal Income Taxes. Today s Approach. Your Tax Knowledge. Process. Process Continued. Filing Requirements. Fall 2014 VITA Training
Federal Income Taxes Fall 2014 VITA Training Dr. Cathy Bowen Dr. Barbara Yener Today s Approach Use Form 1040 and common tax forms to discuss key areas of completing a tax return for VITA taxpayers. Not
Paying Your Income Taxes. Advanced Level
Paying Your Income Taxes Advanced Level What are taxes? A sum of money demanded by a government for support of itself and specific programs and services; paid by taxpayers Take Charge Today February 2017
Paying Your Income Taxes
Paying Your Income Taxes Advanced Level Taxes they re a part of everyday life. Perhaps you ve overheard a significant adult in your life talk about taxes, sometimes accompanied by a groan. For many people,
Tax Determination, Payments, and Reporting Procedures
CCH Essentials of Federal Income Taxation Tax Determination, Payments, and Reporting Procedures 2002, CCH INCORPORATED 4025 West Peterson Ave. Chicago, IL 60646-6085 http://tax.cchgroup.com Taxpayer Filing
2016 TAX PLANNING. It s Year-End Tax Planning Time
2016 TAX PLANNING It s Year-End Tax Planning Time As the end of the year approaches, we know you might be busy with holidays, family, and travel, but it is also a good time to do some last-minute tax planning.
Nonresident Alien State of Hawaii Tax Workshop
Nonresident Alien State of Hawaii Tax Workshop University of Hawaii J-1 State of Hawaii Tax Workshop March 23, 2017 Major Differences: Federal & Hawaii Federal Tax treaties Green card test Substantial
This document is an example of a form you can use to pay your tithes and other offerings with appreciated stock or mutual funds.
Assignments Financial Plan Assignments Your assignment is to understand both the taxes you paid last year and the taxes you will pay this year. Get a copy of last year s income tax form. What form did
IRAs. Take advantage of tax-deferred retirement savings.
IRAs Take advantage of tax-deferred retirement savings. IRAs We re living longer than ever before. Some of us may spend 20 years or more in retirement. That means more time to do what we like to do. But
Kiddie Tax Other Taxes. Pub 4012 Tab H Pub 4491 Lessons 20 and 27
Kiddie Tax Other Taxes Pub 4012 Tab H Pub 4491 Lessons 20 and 27 Tax for Children with Unearned Income Kiddie Tax Taxpayer (refers to child) has more than $2,100 in unearned income Taxpayer has a filing
Student's Guide to Federal Income Tax
Publication 4 Cat. No. 46073X Department of the Treasury Internal Revenue Service Student's Guide to Federal Income Tax For use in preparing 1998 Returns Contents Introduction... 2 Where Do My Tax Dollars
TAX FACTS AND TABLES at a glance
TAX FACTS AND TABLES 2013 at a glance Are you making smart investment decisions that can help Reduce your taxes The first step in reducing the amount of tax you pay on your investments is to get the facts.
INCOME TAX ORGANIZER W. Olympic Boulevard, Suite 400 Los Angeles, CA
INCOME TAX ORGANIZER 2010 11500 W. Olympic Boulevard, Suite 400 Los Angeles, CA 90064-1525 310-444-3041 info@californiarepublic.com WAGES-TAXPAYER (FORM W2) EMPLOYER NAME TAXABLE WAGES (BOX 1) FEDERAL
Basic Tax Workshop for UCSF Students for the 2017 tax year
Basic Tax Workshop for UCSF Students for the 2017 tax year Tuesday February 27, from 12-1pm in N517 and Monday March 5, from 12-1pm in N217 Zoom: https://ucsf.zoom.us/j/8531229278 Daniel Roddick Resource
EKS 3 SCENARIO-BASED TRAINING
EKS 3 SCENARIO-BASED TRAINING THIS LESSON YOU WILL REVIEW Filing Status Personal and Dependency Exemptions Income: W-2 Credits Child Tax Credit Additional Child Tax Credit Child and Dependent Care Credit
KEY NUMBERS 2018 (REVISED FOR THE TAX CUTS AND JOBS ACT)
KEY NUMBERS 2018 (REVISED FOR THE TAX CUTS AND JOBS ACT) Individual Income Tax Unmarried Individual (Other than Surviving Spouse and Head of Household)* $0 $9,525 10% $9,525 $38,700 12% $38,700 $82,500
New York State Society of Certified Public Accountants IRS Licensed in All States TAX YEAR 2016
David Gitel CPA, EA Certified Public Accountant 1560 Broadway, Suite 1210 New York, NY 10036 Phone: (212) 840-2797 Fax: (212) 840-2817 E-Mail: dgitel@aol.com New York State Society of Certified Public
Earned Income Credit
Earned Income Credit Major update Earned Income Credit Pub 4491 Lesson 30 Pub 4012 Tab I needed for 2017 law change (disaster relief) Refundable Credit A refundable credit can generate a refund even if
TY2017 VITA Basic Certification Test - Study Guide
Scenario 1: Albright TY2017 VITA Basic Certification Test - Study Guide Issue #1 Minimum Essential Coverage (MEC) (p4012 Tab H) See p4012 s ACA tab for a list of what counts as MEC Issue #2 Penalties for
LINE 13 CAPITAL GAIN AND LOSSES (SCHEDULE D) LINE 16 PENSIONS AND ANNUITIES LINE 17 RENTAL REAL ESTATE, ROYALTIES LINE 20 SOCIAL SECURITY BENEFITS
LINE 13 CAPITAL GAIN AND LOSSES (SCHEDULE D) LINE 15 IRA DISTRIBUTIONS LINE 16 PENSIONS AND ANNUITIES LINE 17 RENTAL REAL ESTATE, ROYALTIES LINE 19 UNEMPLOYMENT LINE 20 SOCIAL SECURITY BENEFITS LINE 21
Tax Year 2017 TaxSlayer Training For the IT-201 NY Return
Tax Year 2017 TaxSlayer Training For the IT-201 NY Return State Returns Add as many states as necessary with taxpayer s status Resident Non-resident Part-year resident Who Must File You were required to
TAX FACTS. and Tables 2017 AT A GLANCE
TAX FACTS and Tables 2017 AT A GLANCE Are you making smart financial decisions that can help reduce your taxes The first step in reducing the amount of tax you pay on your savings and personal finances
WEALTH CARE KIT SM. Income Tax Planning. A website built by the National Endowment for Financial Education dedicated to your financial well-being.
WEALTH CARE KIT SM Income Tax Planning A website built by the dedicated to your financial well-being. As the joke goes, figuring out your taxes is pretty easy just add up how much money you made last year
THE AGENDA YEAR END TAX PLANNING
YEAR END TAX PLANNING TUESDAY, DECEMBER 8, 2015 PRESENTED BY: JOE CAWLEY, CPA, PRINCIPAL-JOECAWLEY@BSSF.COM JOHN WEIDMAN, CPA, PRINCIPAL-JOHNWEIDMAN@BSSF.COM PHONE NUMBER-(717)761-7171 1 THE AGENDA Part
Campus Fellow Summary Chart
Campus Fellow Summary Chart Line Description Taxpayer s Forms Directions Instructions and Special Notes 1-5 Filing Status Social Security Cards (or SSA-1099, SS letter, ITIN) Choose filing status in interview
If you have additional questions on this, please call Payroll & Records Management at 831-
February 2013 Recipients of Graduate Fellowship Awards: The University of Delaware is not required to report to the Federal Government or to withhold taxes on fellowship awards to U.S. citizens and resident
Tax Year 2018 TaxSlayer Training
Tax Year 2018 TaxSlayer Training State Returns Add as many states as necessary with taxpayer s status Resident Non-resident Part-year resident Basic Information Section County district information dropdown
Background Information
Background Information This information will be used to determine your filing status. If you have recently married, be sure that your spouse has a social security number and, that if her name has been
What the New Tax Laws Mean to You
What the New Tax Laws Mean to You The American Taxpayer Relief Act of 2012 and other 2013 tax provisions January 2013 White Paper AN OVERVIEW OF THE AMERICAN TAXPAYER RELIEF ACT OF 2012 AND OTHER 2013
TY2018 VITA Basic Certification Test - Study Guide
Scenario 1: Arnold TY2018 VITA Basic Certification Test - Study Guide Issue #1 Minimum Essential Coverage (MEC) (p4012 Tab H) See p4012 s ACA tab for a list of what counts as MEC Issue #2 Penalties for
This is a list of items you should gather for the Income Tax Preparation
This is a list of items you should gather for the Income Tax Preparation 1. Social Security Card(s) - Your Social Security number, which is your taxpayer identification number, is printed on your Social
Year-End Planning 2017
Wealth Management Year-End Planning Executive Summary As we approach the end of, it is time to review traditional year-end planning decisions. We are aware of the significant changes in the tax code currently
Preparing Taxes with TaxSlayer
Preparing Taxes with TaxSlayer Changes to Tax Law for ty 2017 What we all forget year to year Affordable Care Act New York Returns NJ non-resident returns 1 NTTC Training - TY2016 Review all docs before
2017 Advanced Certification Study and Reference Guide
2017 Advanced Certification Study and Reference Guide Note: Where used in the following, QRG means Quick Reference Guide ( mini manual ); Manual means the Ladder Up Volunteer Training Manual; in both cases
Overview of Taxation for Students
Overview of Taxation for Students Disclaimer This session has been created under the premises of the Volunteer Income Tax Assistance Program (VITA), a program of the Internal Revenue Service. In offering
Tax-cutting time is ticking away. Review options for accelerating income. Dear Clients and Friends,
Dear Clients and Friends, Taxes are going to be a major issue for the rest of 2012 and for much of 2013. On January 1, 2013, the country faces what Federal Reserve Chairman Ben Bernanke has called a fiscal
WELCOME PACKET TRAINING INSTRUCTIONS AGENDA SCOPE OF SERVICE CHART
WELCOME PACKET TRAINING INSTRUCTIONS AGENDA SCOPE OF SERVICE CHART WELCOME 2016 BASIC VOLUNTEERS TRAINING INSTRUCTIONS Ø Remember, you must complete both the A Session and the B Session to complete your
Student Loan Ombudsman Caucus
Student Loan Ombudsman Caucus Repayment Plans Selecting the right repayment plan is important in the successful management of your student loan. You can change repayment plans contact your lender/servicer
Advanced Volunteer Summary Chart
on Marital Status and Household Information Marital Status and Household Information 1. 1. Filing Status Social Security Cards (or SSA- 1099, ITIN) 2. Dependents List and Total Number of Exemptions Wages,
MICHIGAN DEPARTMENT OF TREASURY
MICHIGAN DEPARTMENT OF TREASURY 2015 To explain Michigan filing requirements Who must file a Michigan Income Tax Return (MI-1040) Give instructions and guidelines on how to complete the MI-1040 and other
TAX FACTS. and Tables 2018 AT A GLANCE
TAX FACTS and Tables 2018 AT A GLANCE Are you making smart financial decisions that can help reduce your taxes The first step in reducing the amount of tax you pay on your savings and personal finances
TAX FACTS. and Tables 2018 AT A GLANCE
TAX FACTS and Tables 2018 AT A GLANCE Are you making smart financial decisions that can help reduce your taxes The first step in reducing the amount of tax you pay on your savings and personal finances
IRS Instructions for Employee Copies of 2017 W-2 Forms
Notice to Employee 2016 W-2 Instructions may be found using the following link: IRS Instructions for Employee Copies of 2017 W-2 Forms Do you have to file? Refer to the Form 1040 instructions to determine
New York State Society of Certified Public Accountants IRS Licensed in All States TAX YEAR 2015
David Gitel CPA, EA Certified Public Accountant 1560 Broadway, Suite 1210 New York, NY 10036 Phone: (212) 840-2797 Fax: (212) 840-2817 E-Mail: dgitel@aol.com New York State Society of Certified Public
Earned Income Table. Earned Income
Earned Income Table Includes Taxable wages, salaries, and tips Union strike benefits Taxable long-term disability benefits received prior to minimum retirement age Net earnings from self-employment Gross
REQUEST FOR DROP/BACK-DROP DISTRIBUTION
REQUEST FOR DROP/BACK-DROP DISTRIBUTION LOUISIANA DISTRICT ATTORNEYS RETIREMENT SYSTEM 1645 NICHOLSON DRIVE BATON ROUGE, LOUISIANA 70802 (225)267-4824 IMPORTANT: Before completing this form, please read
REFUNDABLE TAX CREDITS NOT LIMITED TO TAX LIABILITY
REFUNDABLE TAX CREDITS NOT LIMITED TO TAX LIABILITY FORM 1040 page 2 Non-refundable credits Refundable credits Refundable credits Line 66a Earned income credit (EIC or EITC) Line 67 Additional child tax
Planning Tax Payments to Avoid Penalties Properly structuring tax payments requires careful planning, especially in light of tax reform
WEALTH SOLUTIONS GROUP Planning Tax Payments to Avoid Penalties Properly structuring tax payments requires careful planning, especially in light of tax reform A cash windfall doesn t necessarily mean you
Year End Tax Planning for Individuals
Year End Tax Planning for Individuals December 2015 To Our Clients and Friends: Every individual can develop a year-end tax planning strategy that reflects his or her situation. Our office can help you
YOUR ROLLOVER OPTIONS Defined Benefit Plans
YOUR ROLLOVER OPTIONS Defined Benefit Plans You are receiving this notice because all or a portion of a payment you are receiving from the ABC Company Pension Plan (the Plan ) is eligible to be rolled
ECONOMIC PLAN PROJECT. 1. Setting Goals. When you picture your future, what do you envision? Answer the following questions to plan.
ECONOMIC PLAN PROJECT 1. Setting Goals When you picture your future, what do you envision? Answer the following questions to plan. 1) What kind of job would you like? (In general) 2) How much money do
GLOSSARY. November 15, 2015 (corrected)
GLOSSARY ACA Patient Protection and Affordable Care Act ACTC Additional child tax credit AGI Adjusted gross income AMT Alternative minimum tax AOC American Opportunity credit, formerly HOPE education credit
DISTRIBUTION PLANNING
DISTRIBUTION PLANNING In 5 Easy Steps 2.5 Million Baby Boomers Will Turn Age 70 in 2016 Get the Definitive Guide to RMD Planning at: www.irahelp.com/rmd-guide Calculating the Pro-Rata Rule in 5 Easy Steps
Portney & Company Certified Public Accountants & Business Consultants Portney Consulting, LLC Portney Management Group, LLC
Portney & Company Certified Public Accountants & Business Consultants Portney Consulting, LLC Portney Management Group, LLC 70 Grand Avenue, River Edge, New Jersey 07661 www.portney.com ~ Info@portney.com
5 Qualifying widow(er) with dependent child 6a Yourself. If someone can claim you as a dependent, do not check box 6a...
Form 040 Department of the Treasury Internal Revenue Service (99) U.S. Individual Income Tax Return 204 OMB No. 545-0074 IRS Use Only Do not write or staple in this space. 0/0 0/0 4 For the year Jan. Dec.
2017 Personal Tax Return Information Checklist
2017 Personal Tax Return Information Checklist Taxpayer name: Tel. no. Email: PLEASE READ PRIOR TO GATHERING YOUR TAX INFORMATION The tax filing deadline is Tuesday, April 17, 2018. All info must be received
Client Newsletter 2018 TAX HIGHLIGHTS WITH COMPLIMENTS FROM:
Client Newsletter 2018 TAX HIGHLIGHTS WITH COMPLIMENTS FROM: A publication of the Minnesota Association of Public Accountants The Minnesota Association of Public Accountants has prepared this newsletter.
Frequently Asked Tax Questions 2018 Tax Returns
Frequently Asked Tax Questions 2018 Tax Returns Q. When is my tax return due? A. 2018 Federal (U.S. government) tax returns are due by April 15, 2019. State of Iowa tax returns are due by May 1, 2019.
CSS/Financial Aid PROFILE Early Application Instructions.
CSS/Financial Aid PROFILE 2013-14 Early Application Instructions www.collegeboard.org INSTRUCTIONS Read the instructions as you fill out the PROFILE Early Application. Mistakes will delay the processing
The IRS Will Figure Your Tax
Department of the Treasury Internal Revenue Service Publication 967 Cat. No. 22402M The IRS Will Figure Your Tax Introduction You can have the IRS figure your tax on Form 1040EZ, Form 1040A, or Form 1040
2018 Business Income Tax law changes
2018 Business Income Tax law changes First, a quick reminder. Currently, you can structure your business in a few ways, including: A sole proprietorship is the most simple form of business entity. Taxpayers
TOOLS AND TECHNIQUES OF INCOME TAX PLANNING 3 RD EDITION
TOOLS AND TECHNIQUES OF INCOME TAX PLANNING 3 RD EDITION 2012 Supplement Chapter 2 p. 11 In 2012 the income threshold for married person filing jointly is $19,500 (if one spouse is blind or elderly 20,650;
Year End Tax Planning, 2013
Fall, 2013 Year End Tax Planning, 2013 Introduction points that might put you in a higher tax bracket or limit your deductions. Tax planning to reduce income and/or consolidate deductions may avoid various
ANDES, ERNST & BLACKMER INCOME TAX E. US 40 Hwy Ste 170 Independence, MO Fax: WEBSITE: aebtax.
ANDES, ERNST & BLACKMER INCOME TAX 19401 E. US 40 Hwy Ste 170 Independence, MO 64055 816-795-9882 Fax: 816-795-9883 WEBSITE: aebtax.com December 22, 2014 We hope you have all had a wonderful summer, and
U.S. Global Investors Mutual Funds-Forms 1099 Guide for Tax Year 2009
U.S. Global Investors Funds U.S. Global Investors Mutual Funds-Forms 1099 Guide for Tax Year 2009 U.S. Global Investors is committed to providing accuracy in reporting tax information related to your mutual
AARP Tax-Aide MA District 20 Training Workbook Answer Key 2016 TaxSlayer
US ANSWER KEYS SMATHERS JOHNSON KARR BROWN BERINGER Part 1 Part 2 Part 1 Part 2 Part 3 Line 7 Wages 4591 9800 2075 2075 2075 35229 Line 8a Taxable Interest 677 84 84 84 Line 8b Tax Exempt Interest Line
AARP Tax-Aide MA District 20 Training Workbook Answer Key 2017 TaxSlayer
US ANSWER KEYS SMATHERS JOHNSON KARR BROWN BERINGER Part 1 Part 2 Part 1 Part 2 Part 3 Line 7 Wages 4591 9800 2075 2075 2075 35229 Line 8a Taxable Interest 677 84 84 84 Line 8b Tax Exempt Interest Line
City, town or post office, state and ZIP code. If you have a foreign address, see page 12.
Attention! This form is provided for informational purposes and should not be reproduced on personal computer printers by individual taxpayers for filing. The printed version of this form is a "machine
Nonrefundable Credits
Nonrefundable Credits TaxSlayer Navigation: Federal Section>Deductions>Credits Menu Select for Form 1116, Foreign Tax Credit Select for Form 2441 Child Tax Credit. See Child Tax Credit Tip & Interview
MARKETS Review Guide: ADVANCED. Using Your Client s 1040 to Identify Planning Opportunities
1040 Review Guide: Using Your Client s 1040 to Identify Planning Opportunities ADVANCED MARKETS All guarantees, including optional benefits, are backed by the claims paying ability of the issuing insurance
Before we get to specific suggestions, here are two important considerations to keep in mind.
To Our Clients and Friends As we get closer to the end of yet another year, it s time to tie up the loose ends and implement tax saving strategies. With the fate of many of the long favored tax breaks
IRAs. Your Retirement Advisor
Your Retirement Advisor 508-798-5115 lynnt@yourretirementadvisor.com www.yourretirementadvisor.com IRAs March, 2017 Page 1 of 8, see disclaimer on final page Both traditional and Roth IRAs feature tax-sheltered
CHAPTER 2 GROSS INCOME AND EXCLUSIONS
Solutions for Questions and Problems Chapter 2 39 CHAPTER 2 GROSS INCOME AND EXCLUSIONS Group 1 - Multiple Choice Questions 1. C (Section 2.1) 8. C (Section 2.6) 2. C (Section 2.1) 9. B (Section 2.7) 3.
Name Social Security No. Birth Date
Tax Data Questionnaire 2017 The Stewardship Services Foundation (661) 362-2TAX (362-2829) stewardship@ssfoundation.net Check here if this is the first year we have prepared your return. Name Social Security
2017 Basic Certification Study and Reference Guide
2017 Basic Certification Study and Reference Guide 1 P age Basic Scenario 1: Calvin and Betty Albright 1. Qualifying health insurance coverage also known as minimum essential coverage or MEC under the
Franklin Templeton IRA
Investor s Guide Franklin Templeton IRA Traditional IRA Roth IRA Whether you are just starting to save or entering retirement, an IRA can be an important part of a sound financial strategy to meet your
Overview of the Tax Cuts and Jobs Act
Overview of the Tax Cuts and Jobs Act Changes to the tax laws affecting individuals for this filing season. Basics for Individuals and Families As part of our client and community outreach we have prepared
Chapter 3. Objective 1 Identify the Major Taxes Paid by People in Our Society Planning Your Tax Strategy. Chapter Objectives
Chapter 3 Taxes in Your Financial Plan McGraw-Hill/Irwin Copyright 2010 by The McGraw-Hill Companies, Inc. All rights reserved. Taxes in Your Financial Plan Chapter Objectives 1. Identify the major taxes
Course Goals: 1. Completing a tax return in Taxslayer 2. Key Tax Concepts 3. Key Credits 4. Finishing a return- bank info, consents, ready for review
Course Goals: 1. Completing a tax return in Taxslayer 2. Key Tax Concepts 3. Key Credits 4. Finishing a return- bank info, consents, ready for review Credits Refundable and Non Refundable Now we get to
General Return & Filing Information
www.atscpas.com 2018 Income Tax Preparation Questionnaire & Organizer Name: Address: City/State/Zip: Preferred Phone: ( ) Alternate Phone: ( ) E-Mail: Cell Work Home Other Cell Work Home Other *Please
Wages. Form 1040 Line 7 Pub 4012 Tab D Pub 4491 Lesson 9
Wages Form 1040 Line 7 Pub 4012 Tab D Pub 4491 Lesson 9 Wages The Interview 2 The Interview A Conversation Prior year s return Forms W-2 or other records Household employee (no W-2) Forms 1098-T (scholarship
SPECIAL TAX NOTICE (For Payments Not From a Designated Roth Account) YOUR ROLLOVER
SPECIAL TAX NOTICE (For Payments Not From a Designated Roth Account) YOUR ROLLOVER You are receiving this notice because all or a portion of a payment you are receiving from your retirement plan is eligible
YOUR ROLLOVER OPTIONS
YOUR ROLLOVER OPTIONS You are receiving this notice because all or a portion of a payment you receive from the Plan is eligible to be rolled over to an IRA or an employer plan. This notice is intended
TAX PLANNING It s Year-End Tax Planning Time
TAX PLANNING 2015 It s Year-End Tax Planning Time As the end of the year approaches, we know you are busy with holidays, family, and travel, but it is also a good time to do some last minute tax planning.
Client Newsletter. 551 West 78th Street, Ste. 204, P.O. Box 254 Chanhassen, MN Office: Fax:
Client Newsletter 2015 TAX HIGHLIGHTS WITH COMPLIMENTS FROM: RODENZ ACCOUNTING & TAX SERVICE LLC Accounting Business Consulting Tax Preparation Payroll Services Darrell E. Rodenz Certified Public Accountant
ADVANCED CERTIFICATION STUDY GUIDE Tax Year 2018
ADVANCED CERTIFICATION STUDY GUIDE Tax Year 2018 Table of Contents ADVANCED SCENARIO 1: Aiden Smith... 1 ADVANCED SCENARIO 2: Sean Yale... 2 ADVANCED SCENARIO 3: Tom and Carol Baker... 3 ADVANCED SCENARIO
Participant Handbook
Participant Handbook For Self-Employed & Retired Ministers PO Box 12629 Salem, OR 97309 T (503) 399-0552 (800) 821-1112 F (503) 581-3237 www.cepnet.com Part 1. Welcome To Life Rewards... 5 Part 2. Important
Do your taxes online with H&R Block. Do your taxes online with H&R Block. Do your taxes online with H&R Block.
Send Friend (2004) FDFRNDOL-1WV 1.0 Send a friend to us. We'll thank you both with cash! 5 for you. 10 for your friend! Easy-to-follow instructions: 1. 2. 3. Give one of the forms below to a friend and
CSS/Financial Aid PROFILE Early Application School Year
Section A --- Student s Information 1. Student s Name: Last Name First Name M.I. 2. Student s permanent mailing address: Street address City Zip or Postal Code Country 3. Student s preferred telephone
Kiddie Tax Other Taxes. Pub 4012 Tab H Pub 4491 Lessons 20 and 27
Kiddie Tax Other Taxes Pub 4012 Tab H Pub 4491 Lessons 20 and 27 Tax for Children with Unearned Income Kiddie Tax Child has a filing requirement Find Pub 4012 Tab A Chart B For Children and Other Dependents
Welcome & Happy New Year Refresher Training 5-8 Jan 2016 Part 2
Welcome & Happy New Year Refresher Training 5-8 Jan 2016 Part 2 1 Review of Tax Laws and TaxWise Use 2 Elements of Fed 1040 & MA Form 1 Tax Returns Taxpayer information (incl health ins.) Dependents Filing
Earned Income Table. Earned Income for EIC, Additional Child Tax Credit and Dependent Care Credit. Common EIC Filing Errors
Earned Income Table Includes Taxable wages, salaries, and tips Union strike benefits Taxable long-term disability benefits received prior to minimum retirement age Net earnings from selfemployment Gross
Last Name First Name MI
Marsh & McLennan Companies 401(k) Savings & Investment Plan IN-PLAN ROTH CONVERSION REQUEST FORM Use this form as an active or terminated participant to request an In-Plan Roth conversion from your after
YOUR ROLLOVER OPTIONS
For Payments Not From a Designated Roth Account YOUR ROLLOVER OPTIONS You are receiving this notice because all or a portion of a payment you are receiving from the [INSERT NAME OF PLAN] (the Plan ) is