1040 Medicare Part B and Part D

1040 form where do I insert the amount for Medicare Part B and Part D?

1065 Loss

by Bjo
(Texas)

ltd partnership(1065) had loss line 22,,,will this loss be carried over to next year and be reflected in k-1 to both active and passive partners.???

1120 S Late Returns

by Carolina Acuna
(Orlando, FL)

Hello, I have a s corp opened in 2006. Since 2008 I had no movement at all, and I didn't know that I have to file a return even though there was no more business anymore. So I didn't file a return 2008, 2009 and 2010.

If I don't do any more business with that corporation, should I:

1 - File the 2008 1120s with "0" movement (or income/loss) and do it as "final return"

2- Just leave it like that, no file any return, forget it

3- File the 2008, 2009 as "0" movement and then the 2010 return filed as "final return" Even though I have no movement or business since 2008 (but as I didn't know, I just closed this corporation with the State in 2011)

673 Form

by Ben
(Sioux Falls, SD )

Hello. I signed Form 673 to exempt me from paying federal income taxes as long as I stay out of the US for at least 330 of any 365 consectutive day span. I want to qualify for the tax exemption based on the physical presence test from 3-16-10 to 3-15-11.

I'm currently not paying any federal income tax, but my question is this: What kind of tax liability will I have at the end of 2010? My Form 673 spans two calendar years and I'm confused as to what my filing procedure for 2010 will be like if I can't prove my phsyical presence test for the entire 365 days stated on Form 673. Will I pay in at the end of 2010 and recoup everything at the end of 2011?

Any info available will be appreciated.

Chart on My t4e Slip

On my federal worksheet,line 235,social benefits repayment,line 7,it refers to a chart on my T4E slip. I do not have a chart on the slip. Do I enter the amount that is in Box 30-Total repayment on the T4E on line 7?

Extra T-4

What do I do if I received another T-4 after I mailed my return?

Hello,

Depending upon how much is shown on the T-4 you can either opt to file an amendment to include it, or you can wait to hear back from the IRS with any adjustments to your tax liability. Please be aware that the IRS would then impose additional penalties and interest.

For Use To ITR2

by Lekh
(Rajasthan)

Who will use ITR1 and ITR2

Form 1040-- Sched K-1

by Jim
(Wasilla, Alaska)

Form 1040 Sched K-1 Part II Line G -- Benificiary

My brother is the fiduciary of our parents family trust(Both parents deceased) I am one of the named benificiaries and I have a 2008/ 1040/schedule K-1 in hand.
Current Loss Value of this K-1 is $120,000 as of end tax year 2009.

How can I have my spouses name added as a benificiary alongside my name?

I understand that the loss value of the K-1 goes away with my death and do not want to lose the loss value at time of death but transfer it to my spouse.

Your reply is appreciated.

Jim

Form 1065

(Dallas, TX USA)

I had a partnership in 2010 me and another guy. We started a lawncare buisness. When we opened the bank account the banker got our EIN and listed us a partnership. So the paper work I got says we need to file a form 1065. I am confused as to how to file this form. I am using tax act and their a way to file it in thetax software. My question is do I do the 1065 plus a Schedule C since we split the income and expenses 50/50? Form 1065 only shows income? just want to file it correctly as the busniness is now closed.

Thanks,
Confused Tax payer.

Form 1065 Without an EIN

by Kyle
(Virginia Beach, VA)

My business never officially started after obtaining a business license. We never applied for an EIN, and now I need to know how to file without one. The business made $0 income, and has $0 debt. We have officially dissolved the business.

Hello Kyle,

It sounds as if you never actually did business and so would not even need to file. If however, you received some sort of notification requesting your tax return, you should be able to file a zero return using your personal social security number.

Form 2441

by Jason

We hired a nanny last year to help care for our children. When entering our tax information in TurboTax we used form 2441 for a tax credit. Entering this information actually decreased our refund from $7,000 to $2,000. Our question is why did entering information for a tax credit lower our refund. If that is correct is it required that we enter information on form 2441 or can we just leave that form blank?

Form 8332

by Teresa
(Ohio)

My daughter filed out a Form 8332 which gave my grand daughter biological dad the right to claim her on his taxes, they have never been married. He has been climing her since 2006 (he says) because my daughter filled out 'the all future years' part of the form. Last year I got custody of my grand daughter and want to claim her on my taxes and he insists he has the right to continue to claim her regardless of my custody. What is the law regarding this ...simply do I have a right to claim her and if so what do I do?
Thank You!

Form 8379

Why does it take so long to receive your tax refund if you file an injured spouse claim?

Form 8379

Why does it take so long to receive your tax refund if you file an injured spouse claim?

How to Fill in the Details in ITR2

by Sanajy
(Pune)

Do you have any tips for filling details in ITR2?

Is A 1040X Necessary

The state Department of Labor sent a revised 1099-G for unemployment compensation reducing the amount from 228.50 to 203.50. The only amount changed from the original return is the Adjusted Gross income. Is it necessary to file an amended return (1040X) for this 25.00 reduction?

Line 23a Form 1040A

by Robert Brooks
(Greenfield, TN)

What does line 23a on form 1040A mean? I can check one box, the one about being born before 1946, but I don't know what to do with it after I check it.

Line 39a 1049

Is this a tax exemption added to line 6d

Schedule M

What is if any deuctions or creits can I take if I began receiving social security in December 2010 but continue working parttime and have a earned income of just over 26000.00?

Waiver Form R667

by Theresa
(Ladysmith WI)

Trying to find out where to get this form. my daughter and son in laws federal joint return was offset for back child support they hold it for 6 months unless he files a waiver to have the money released i got the form number but have been unable to locate this waiver.

When TDS Appear In Form 26as(on line)

by Sanjay
(Delhi)

My tax deducted in April 11, May 11 but the online version of nsdl website shows no data for this month. I am govt employee although the data of last fin year till March 11 appear on line on website in form 26as when my new deduction will update in nsdl website?

Wrong MICR Code in ITR

by Imran
(Hyderabad)

Sir,
I have typed wrong MICR code of Bank in my ITR while e-filing, what should i do now?

Do i need to file it again by giving correct MICR code or Is their any other procedure for the same?