This document provides instructions for completing Wisconsin Schedule MT for 2008. Some key points:
- Schedule MT is used to calculate Wisconsin alternative minimum tax (AMT) if your regular Wisconsin income tax is less than your tentative minimum tax.
- Line 1 is federal alternative minimum taxable income (AMTI) from federal Form 6251.
- Lines 2 and 3 are used to adjust the federal AMTI for differences between federal and Wisconsin tax laws.
- Nonresidents and part-year residents may need to prorate certain items like itemized deductions.
- Net operating losses (NOLs) must be recomputed as Wisconsin alternative tax NOLs (ATNOLs)
This document is a Minnesota income tax withholding schedule. It provides instructions for reporting Minnesota income tax withheld from W-2, 1099, and other forms. The schedule includes sections to list W-2 and 1099 forms with columns for the payer's identification number, income amount, and tax withheld that will be totaled and carried to the Minnesota tax return.
This document provides instructions for completing Wisconsin Schedule I for the 2008 tax year. It explains that some provisions of the federal tax code do not apply for Wisconsin purposes, such as exclusions for small business stock and bonus depreciation. Taxpayers must make adjustments on Schedule I for differences between federal and Wisconsin adjusted gross income, gains/losses, and itemized deductions. The specific line instructions and a list of items requiring adjustment are also provided.
This document contains worksheets to help taxpayers calculate various deductions and amounts for their 2008 Montana individual income tax return. Worksheet I helps calculate the qualified mortgage insurance premiums deduction. Worksheet II determines what portion, if any, of a federal income tax refund received in 2008 is taxable. Subsequent worksheets help calculate partial pension/annuity exemptions, standard deductions, itemized deductions, and interest owed for underpaying estimated taxes. The worksheets walk through step-by-step calculations using figures from the taxpayer's tax forms and tables of thresholds and rates.
This document is Visteon Corporation's Form 10-Q/A, which provides amended quarterly financial statements for the periods ended September 30, 2004 and 2003. The financial statements and notes are being restated to correct errors related to retiree health care expenses, tooling costs, pension expenses, capital equipment discounts, and tax adjustments. The restatements increased Visteon's pre-tax loss for the third quarter of 2004 by $62 million and for the first nine months of 2004 by $80 million.
Underpayment of Estimated Tax on Florida Corporate Income/Franchise and Eme...taxman taxman
This document is instructions for Florida corporate estimated tax form F-2220. It provides guidance on calculating underpayments of estimated tax and any associated penalties and interest. Key details include:
- Estimated tax payments are due in four installments throughout the year for corporations expected to owe over $2,500 in tax.
- Underpayments are calculated by comparing actual payments to required percentages of total tax due on Line 1.
- Penalties and interest may apply to underpayments not meeting exceptions, such as paying the prior year's tax amount by installment due dates.
- Interest rates on underpayments fluctuate and are updated twice yearly. The form guides taxpayers through all penalty and interest calculations.
741 - Kentucky Fiduciary Income Tax Return - Form 42A741taxman taxman
This document is a Kentucky Form 741 for the 2008 tax year filing of a fiduciary income tax return. It provides instructions for reporting income, deductions, tax calculations, and payments/refunds for various types of trusts and estates. Key sections include reporting adjusted total income from the federal return on line 1, calculating additions and subtractions on lines 2-8, determining the income distribution deduction on Schedule B, and computing the total tax due or refund/credit on lines 17-22.
This document is Visteon Corporation's annual report (Form 10-K/A) filed with the SEC, which provides an amendment and restatement of Visteon's annual report for the year ended December 31, 2003. The restatement is primarily due to corrections made for retiree healthcare benefits, tooling costs, volume rebates, inventory costs, pension expenses, and tax adjustments. The restatement increased Visteon's reported net loss for 2003 by approximately $80 million. The annual report provides an overview of Visteon's business, including information on its automotive operations and glass operations segments, and discusses trends in the automotive parts industry.
nst W-3SS-Instructions for Forms W-2AS, W-2GU, W-2VI, and W-3SStaxman taxman
This document provides instructions for completing Forms W-2AS, W-2GU, W-2VI, and Form W-3SS for reporting wages and taxes to American Samoa, Guam, the U.S. Virgin Islands, and the Social Security Administration. Key details include:
- Forms must be filed by March 1, 2010 or March 31, 2010 if filing electronically. Extensions may be requested.
- Copies B and C must be furnished to employees by February 1, 2010.
- Copy A of Form W-3SS and Copy A of the individual forms must be filed with the SSA. Copy 1 is filed with the local tax department.
- Special situations
This document is a Minnesota income tax withholding schedule. It provides instructions for reporting Minnesota income tax withheld from W-2, 1099, and other forms. The schedule includes sections to list W-2 and 1099 forms with columns for the payer's identification number, income amount, and tax withheld that will be totaled and carried to the Minnesota tax return.
This document provides instructions for completing Wisconsin Schedule I for the 2008 tax year. It explains that some provisions of the federal tax code do not apply for Wisconsin purposes, such as exclusions for small business stock and bonus depreciation. Taxpayers must make adjustments on Schedule I for differences between federal and Wisconsin adjusted gross income, gains/losses, and itemized deductions. The specific line instructions and a list of items requiring adjustment are also provided.
This document contains worksheets to help taxpayers calculate various deductions and amounts for their 2008 Montana individual income tax return. Worksheet I helps calculate the qualified mortgage insurance premiums deduction. Worksheet II determines what portion, if any, of a federal income tax refund received in 2008 is taxable. Subsequent worksheets help calculate partial pension/annuity exemptions, standard deductions, itemized deductions, and interest owed for underpaying estimated taxes. The worksheets walk through step-by-step calculations using figures from the taxpayer's tax forms and tables of thresholds and rates.
This document is Visteon Corporation's Form 10-Q/A, which provides amended quarterly financial statements for the periods ended September 30, 2004 and 2003. The financial statements and notes are being restated to correct errors related to retiree health care expenses, tooling costs, pension expenses, capital equipment discounts, and tax adjustments. The restatements increased Visteon's pre-tax loss for the third quarter of 2004 by $62 million and for the first nine months of 2004 by $80 million.
Underpayment of Estimated Tax on Florida Corporate Income/Franchise and Eme...taxman taxman
This document is instructions for Florida corporate estimated tax form F-2220. It provides guidance on calculating underpayments of estimated tax and any associated penalties and interest. Key details include:
- Estimated tax payments are due in four installments throughout the year for corporations expected to owe over $2,500 in tax.
- Underpayments are calculated by comparing actual payments to required percentages of total tax due on Line 1.
- Penalties and interest may apply to underpayments not meeting exceptions, such as paying the prior year's tax amount by installment due dates.
- Interest rates on underpayments fluctuate and are updated twice yearly. The form guides taxpayers through all penalty and interest calculations.
741 - Kentucky Fiduciary Income Tax Return - Form 42A741taxman taxman
This document is a Kentucky Form 741 for the 2008 tax year filing of a fiduciary income tax return. It provides instructions for reporting income, deductions, tax calculations, and payments/refunds for various types of trusts and estates. Key sections include reporting adjusted total income from the federal return on line 1, calculating additions and subtractions on lines 2-8, determining the income distribution deduction on Schedule B, and computing the total tax due or refund/credit on lines 17-22.
This document is Visteon Corporation's annual report (Form 10-K/A) filed with the SEC, which provides an amendment and restatement of Visteon's annual report for the year ended December 31, 2003. The restatement is primarily due to corrections made for retiree healthcare benefits, tooling costs, volume rebates, inventory costs, pension expenses, and tax adjustments. The restatement increased Visteon's reported net loss for 2003 by approximately $80 million. The annual report provides an overview of Visteon's business, including information on its automotive operations and glass operations segments, and discusses trends in the automotive parts industry.
nst W-3SS-Instructions for Forms W-2AS, W-2GU, W-2VI, and W-3SStaxman taxman
This document provides instructions for completing Forms W-2AS, W-2GU, W-2VI, and Form W-3SS for reporting wages and taxes to American Samoa, Guam, the U.S. Virgin Islands, and the Social Security Administration. Key details include:
- Forms must be filed by March 1, 2010 or March 31, 2010 if filing electronically. Extensions may be requested.
- Copies B and C must be furnished to employees by February 1, 2010.
- Copy A of Form W-3SS and Copy A of the individual forms must be filed with the SSA. Copy 1 is filed with the local tax department.
- Special situations
nd1fa-enabled nd.gov tax indincome forms 2008taxman taxman
This document is instructions for calculating North Dakota state tax using a 3-year averaging method for elected farm income. It provides a multi-step worksheet to determine the taxpayer's tax liability. Key steps include:
1) Determining the taxpayer's North Dakota taxable income and elected farm income for the current year.
2) Calculating the tax on the portion of income not from farming.
3) Averaging the elected farm income over 3 years to smooth out variations from year to year.
4) Determining the tax amounts that would have applied in each of the previous 3 years based on the averaged income.
5) Adding the current and prior year tax amounts to determine the total tax using the
NYC-EXT Application for Automatic 6-Month Extension of Time to File Business ...taxman taxman
This document is an application for an automatic 6-month extension of time to file a New York City business income tax return for the 2008 calendar or fiscal year. It provides instructions for taxpayers to estimate their tax liability and make a payment to receive an extension. It outlines requirements including paying at least 25% of the estimated tax if over $1,000 and filing by 2 1/2 months after the tax year ends for most business taxes.
This document is a 2008 Montana S Corporation Information and Composite Tax Return form. It includes sections for shareholders' pro rata share items from federal Form 1120S Schedule K, shareholders' distributive shares of Montana additions and deductions to income, shareholders' distributive shares of multi-state apportionment and allocation, calculation of net amount due including taxes and penalties, and two schedules - Schedule I for apportionment factors for multi-state S corporations and Schedule II for Montana S corporation tax credits.
gov revenue formsandresources forms MW_3_fillintaxman taxman
The document provides instructions for completing the Montana Annual Wage Withholding Tax Reconciliation form for 2008. It explains that the form is used to reconcile total taxes withheld from employee wages with total taxes paid to the state. Employers must submit the completed reconciliation form along with all W-2 and 1099 forms by February 28, 2009 to report taxes withheld and paid for the previous calendar year.
gov revenue formsandresources forms 2008_PR-1_fill-intaxman taxman
This document is a 2008 Montana Partnership Information and Composite Tax Return form. It contains sections for reporting partnership income and deductions, Montana additions and deductions to income, multi-state apportionment and allocation, calculation of net amount due including taxes and penalties, and partnership tax credits. Partnerships use this form to file their annual Montana tax return and report income and tax details to the Montana Department of Revenue.
- Clear Channel Communications reported a 6.6% increase in second quarter revenues to $2.32 billion compared to the same period last year. Net earnings were $251.3 million, up slightly from $238 million last year.
- On a pro forma basis, which adjusts for acquisitions and exchange rates, second quarter revenues were flat at $2.24 billion while EBITDA declined 1.5% to $622.9 million.
- Radio revenues declined 2.1% on a reported basis and 2.6% on a pro forma basis due to weakness in local advertising, small markets, syndication and non-traditional revenues. Outdoor revenues rose 20.1% due to acqu
This document provides instructions for claiming the Wisconsin farmland preservation credit for tax year 2008. It outlines who may claim the credit, what requirements must be met to qualify, how and when to file, definitions of key terms, and contact information for additional assistance. To qualify, claimants must meet conditions such as owning qualifying farmland, being a Wisconsin resident, having paid property taxes, and deriving a minimum amount of gross farm profits from the land. The credit reduces tax owed or increases refunds, and must be filed within 4 years of the original tax return due date.
This document is a Vermont Schedule K-1VT tax form for shareholders, partners, or members of an entity. It provides instructions for reporting income, losses, tax withholdings, estimated payments, and pass-through tax credits from the entity to the individual's Vermont tax return. Vermont law requires individuals to file a state tax return if they earn over $100 in Vermont income or $1,000 in certain types of gross income from Vermont sources.
This document provides instructions for claiming the Wisconsin Farmland Tax Relief Credit. Key details include:
- The credit can be claimed by corporations that own at least 35 acres of Wisconsin farmland and paid property taxes on it in the previous year.
- To calculate the credit, the claimant enters their net property taxes paid on farmland parcels with and without improvements.
- The credit amount is 19% of the total net property taxes, up to a maximum of $1,500. If also claiming farmland preservation credit, the total cannot exceed 95% of net property taxes.
gov revenue formsandresources forms 04_mw3taxman taxman
This document provides instructions for filing the Montana MW-3 annual withholding tax reconciliation form for 2004. Key details include: reporting the number of W-2 and 1099 forms enclosed, whether the filing is an original, amended or supplemental report, reconciling total taxes withheld against taxes previously paid, and providing payment or requesting a refund/credit on the remaining balance. A reconciliation schedule is included to detail taxes withheld and paid by deposit/payment period. Instructions explain how to complete all sections of the form and payment coupon correctly.
This document is an amended Nebraska individual income tax return form for tax years 1988, 1989, and 1990. It provides instructions for taxpayers to amend their original Nebraska tax return if they have amended their federal return or need to correct information on their original state filing. The form collects identifying information and financial data to recalculate the taxpayer's Nebraska tax liability. It includes schedules to adjust income and claim credits that impact the revised tax amount due or refund owed.
gov revenue formsandresources forms MW_3_fillintaxman taxman
This document is Montana's annual withholding tax reconciliation form for 2007. It requires employers to provide information such as the number of W-2 and 1099 forms submitted, total wages paid subject to withholding, total taxes withheld, total taxes paid, and any overpayment or underpayment amounts. The employer must reconcile the total taxes withheld against the total taxes paid on a monthly basis using the reconciliation schedule. Instructions are provided for correctly completing the form.
This document is an amendment in the nature of a substitute for H.R. 933, making appropriations for the Department of Defense, the Department of Veterans Affairs, and other departments and agencies for fiscal year 2013. It provides funding and establishes accounts across multiple divisions, including Agriculture, Commerce/Justice/Science, Defense, Homeland Security, Military Construction and Veterans Affairs, and continuing appropriations. The amendment strikes the original bill and replaces it with new appropriations language and accounts.
Estimated Partnership Business Tax Quarterly Payment Formstaxman taxman
This document provides instructions and forms for making estimated tax payments for New Hampshire partnership business taxes. It explains that partnerships must make estimated tax payments each quarter unless their annual tax is less than $200. The form is used to calculate the estimated tax amounts due for each quarter based on the partnership's taxable income. It must be submitted along with the estimated tax payment to meet the filing deadlines of April 15, June 15, September 15, and December 15. Penalties may apply for underpayment or late payment of estimated taxes.
This document is a bill proposed in the North Carolina General Assembly to provide aid to North Carolinians in response to the COVID-19 crisis. It establishes reserves and funds using federal COVID-19 relief money, appropriates over $1.4 billion to the state Office of State Budget and Management (OSBM) to allocate to state agencies, counties, and nonprofits for pandemic response and recovery efforts. It requires reports on use of funds and an audit of the relief programs.
This document provides instructions for calculating penalties for underpayment of estimated taxes on an Iowa individual income tax return form (IA 2210). Key details:
- Lines 1-10 calculate the amount of tax owed for the year. Line 10 is the smaller of the current year or prior year tax.
- Line 11 divides the amount on line 10 by the number of required installment payments, generally 4. This is the minimum payment due per period.
- Line 12 allows for calculating installments using an annualized income method if income varies greatly during the year.
- Lines 13-18 calculate any penalties owed for underpayment of estimated taxes by comparing actual payments to the required installments on line 11 or 12
revenue.ne.gov tax current f_1040XN_2008taxman taxman
This document is a Nebraska Individual Income Tax Return form for filing an amended return for tax year 2008. It provides line items to adjust amounts reported on the original return, including federal adjusted gross income, deductions, exemptions, credits, payments, and any balance due or refund. The form requests information about reasons for the amended filing and requires explanations of changes being reported.
This document is a proposed bill from the North Carolina General Assembly regarding COVID-19 relief. It aims to provide economic support to North Carolinians by waiving interest on deferred tax payments, extending tax deadlines, providing flexibility for unemployment benefits and taxes, and allocating $5 million in grants for small Buncombe County businesses affected by the pandemic. It also makes some changes to the state's unemployment insurance laws.
1) Burlington Northern Santa Fe Corporation reported earnings of $0.40 per share for the first quarter of 2003, before a cumulative effect adjustment of $0.10 per share for a change in accounting principle.
2) Freight revenues increased 3% to $2.2 billion compared to the first quarter of 2002, while operating expenses rose $103 million to $1.89 billion due to a $90 million increase in fuel costs.
3) Operating income was $346 million for the quarter, down from $380 million in the prior year due to higher fuel costs, and the operating ratio rose to 84.3% from 82.2% in 2002.
This document is a schedule for claiming a credit on a Wisconsin tax return for income taxes paid to another state. To qualify for the credit, the taxpayer must have been a full-year or part-year Wisconsin resident in 2008 and paid income tax on the same income to both Wisconsin and another state. The schedule collects information about income and taxes paid to other states, and calculates the allowable credit amount based on the income and taxes apportioned to Wisconsin versus the other state.
This document provides instructions for filing Indiana household employment taxes. It explains that this schedule should be filed by individuals who withheld state and county income tax for household employees and want to pay those taxes with their individual income tax return. The schedule has two parts: Part I is a summary of the total state and county taxes withheld, and Part II lists each employee's name, income, and tax amounts withheld.
This document is a schedule for adjusting a taxpayer's 2008 federal adjusted gross income and itemized deductions for a Wisconsin tax return. Part I details adjustments to federal AGI, such as capital gains/losses and supplemental gains/losses. Line 6 combines adjusted AGI totals. Part II is for itemized deductions adjustments, comparing federal amounts to amounts allowed for Wisconsin. Columns compare original federal amounts to amounts under Wisconsin's IRC.
nd1fa-enabled nd.gov tax indincome forms 2008taxman taxman
This document is instructions for calculating North Dakota state tax using a 3-year averaging method for elected farm income. It provides a multi-step worksheet to determine the taxpayer's tax liability. Key steps include:
1) Determining the taxpayer's North Dakota taxable income and elected farm income for the current year.
2) Calculating the tax on the portion of income not from farming.
3) Averaging the elected farm income over 3 years to smooth out variations from year to year.
4) Determining the tax amounts that would have applied in each of the previous 3 years based on the averaged income.
5) Adding the current and prior year tax amounts to determine the total tax using the
NYC-EXT Application for Automatic 6-Month Extension of Time to File Business ...taxman taxman
This document is an application for an automatic 6-month extension of time to file a New York City business income tax return for the 2008 calendar or fiscal year. It provides instructions for taxpayers to estimate their tax liability and make a payment to receive an extension. It outlines requirements including paying at least 25% of the estimated tax if over $1,000 and filing by 2 1/2 months after the tax year ends for most business taxes.
This document is a 2008 Montana S Corporation Information and Composite Tax Return form. It includes sections for shareholders' pro rata share items from federal Form 1120S Schedule K, shareholders' distributive shares of Montana additions and deductions to income, shareholders' distributive shares of multi-state apportionment and allocation, calculation of net amount due including taxes and penalties, and two schedules - Schedule I for apportionment factors for multi-state S corporations and Schedule II for Montana S corporation tax credits.
gov revenue formsandresources forms MW_3_fillintaxman taxman
The document provides instructions for completing the Montana Annual Wage Withholding Tax Reconciliation form for 2008. It explains that the form is used to reconcile total taxes withheld from employee wages with total taxes paid to the state. Employers must submit the completed reconciliation form along with all W-2 and 1099 forms by February 28, 2009 to report taxes withheld and paid for the previous calendar year.
gov revenue formsandresources forms 2008_PR-1_fill-intaxman taxman
This document is a 2008 Montana Partnership Information and Composite Tax Return form. It contains sections for reporting partnership income and deductions, Montana additions and deductions to income, multi-state apportionment and allocation, calculation of net amount due including taxes and penalties, and partnership tax credits. Partnerships use this form to file their annual Montana tax return and report income and tax details to the Montana Department of Revenue.
- Clear Channel Communications reported a 6.6% increase in second quarter revenues to $2.32 billion compared to the same period last year. Net earnings were $251.3 million, up slightly from $238 million last year.
- On a pro forma basis, which adjusts for acquisitions and exchange rates, second quarter revenues were flat at $2.24 billion while EBITDA declined 1.5% to $622.9 million.
- Radio revenues declined 2.1% on a reported basis and 2.6% on a pro forma basis due to weakness in local advertising, small markets, syndication and non-traditional revenues. Outdoor revenues rose 20.1% due to acqu
This document provides instructions for claiming the Wisconsin farmland preservation credit for tax year 2008. It outlines who may claim the credit, what requirements must be met to qualify, how and when to file, definitions of key terms, and contact information for additional assistance. To qualify, claimants must meet conditions such as owning qualifying farmland, being a Wisconsin resident, having paid property taxes, and deriving a minimum amount of gross farm profits from the land. The credit reduces tax owed or increases refunds, and must be filed within 4 years of the original tax return due date.
This document is a Vermont Schedule K-1VT tax form for shareholders, partners, or members of an entity. It provides instructions for reporting income, losses, tax withholdings, estimated payments, and pass-through tax credits from the entity to the individual's Vermont tax return. Vermont law requires individuals to file a state tax return if they earn over $100 in Vermont income or $1,000 in certain types of gross income from Vermont sources.
This document provides instructions for claiming the Wisconsin Farmland Tax Relief Credit. Key details include:
- The credit can be claimed by corporations that own at least 35 acres of Wisconsin farmland and paid property taxes on it in the previous year.
- To calculate the credit, the claimant enters their net property taxes paid on farmland parcels with and without improvements.
- The credit amount is 19% of the total net property taxes, up to a maximum of $1,500. If also claiming farmland preservation credit, the total cannot exceed 95% of net property taxes.
gov revenue formsandresources forms 04_mw3taxman taxman
This document provides instructions for filing the Montana MW-3 annual withholding tax reconciliation form for 2004. Key details include: reporting the number of W-2 and 1099 forms enclosed, whether the filing is an original, amended or supplemental report, reconciling total taxes withheld against taxes previously paid, and providing payment or requesting a refund/credit on the remaining balance. A reconciliation schedule is included to detail taxes withheld and paid by deposit/payment period. Instructions explain how to complete all sections of the form and payment coupon correctly.
This document is an amended Nebraska individual income tax return form for tax years 1988, 1989, and 1990. It provides instructions for taxpayers to amend their original Nebraska tax return if they have amended their federal return or need to correct information on their original state filing. The form collects identifying information and financial data to recalculate the taxpayer's Nebraska tax liability. It includes schedules to adjust income and claim credits that impact the revised tax amount due or refund owed.
gov revenue formsandresources forms MW_3_fillintaxman taxman
This document is Montana's annual withholding tax reconciliation form for 2007. It requires employers to provide information such as the number of W-2 and 1099 forms submitted, total wages paid subject to withholding, total taxes withheld, total taxes paid, and any overpayment or underpayment amounts. The employer must reconcile the total taxes withheld against the total taxes paid on a monthly basis using the reconciliation schedule. Instructions are provided for correctly completing the form.
This document is an amendment in the nature of a substitute for H.R. 933, making appropriations for the Department of Defense, the Department of Veterans Affairs, and other departments and agencies for fiscal year 2013. It provides funding and establishes accounts across multiple divisions, including Agriculture, Commerce/Justice/Science, Defense, Homeland Security, Military Construction and Veterans Affairs, and continuing appropriations. The amendment strikes the original bill and replaces it with new appropriations language and accounts.
Estimated Partnership Business Tax Quarterly Payment Formstaxman taxman
This document provides instructions and forms for making estimated tax payments for New Hampshire partnership business taxes. It explains that partnerships must make estimated tax payments each quarter unless their annual tax is less than $200. The form is used to calculate the estimated tax amounts due for each quarter based on the partnership's taxable income. It must be submitted along with the estimated tax payment to meet the filing deadlines of April 15, June 15, September 15, and December 15. Penalties may apply for underpayment or late payment of estimated taxes.
This document is a bill proposed in the North Carolina General Assembly to provide aid to North Carolinians in response to the COVID-19 crisis. It establishes reserves and funds using federal COVID-19 relief money, appropriates over $1.4 billion to the state Office of State Budget and Management (OSBM) to allocate to state agencies, counties, and nonprofits for pandemic response and recovery efforts. It requires reports on use of funds and an audit of the relief programs.
This document provides instructions for calculating penalties for underpayment of estimated taxes on an Iowa individual income tax return form (IA 2210). Key details:
- Lines 1-10 calculate the amount of tax owed for the year. Line 10 is the smaller of the current year or prior year tax.
- Line 11 divides the amount on line 10 by the number of required installment payments, generally 4. This is the minimum payment due per period.
- Line 12 allows for calculating installments using an annualized income method if income varies greatly during the year.
- Lines 13-18 calculate any penalties owed for underpayment of estimated taxes by comparing actual payments to the required installments on line 11 or 12
revenue.ne.gov tax current f_1040XN_2008taxman taxman
This document is a Nebraska Individual Income Tax Return form for filing an amended return for tax year 2008. It provides line items to adjust amounts reported on the original return, including federal adjusted gross income, deductions, exemptions, credits, payments, and any balance due or refund. The form requests information about reasons for the amended filing and requires explanations of changes being reported.
This document is a proposed bill from the North Carolina General Assembly regarding COVID-19 relief. It aims to provide economic support to North Carolinians by waiving interest on deferred tax payments, extending tax deadlines, providing flexibility for unemployment benefits and taxes, and allocating $5 million in grants for small Buncombe County businesses affected by the pandemic. It also makes some changes to the state's unemployment insurance laws.
1) Burlington Northern Santa Fe Corporation reported earnings of $0.40 per share for the first quarter of 2003, before a cumulative effect adjustment of $0.10 per share for a change in accounting principle.
2) Freight revenues increased 3% to $2.2 billion compared to the first quarter of 2002, while operating expenses rose $103 million to $1.89 billion due to a $90 million increase in fuel costs.
3) Operating income was $346 million for the quarter, down from $380 million in the prior year due to higher fuel costs, and the operating ratio rose to 84.3% from 82.2% in 2002.
This document is a schedule for claiming a credit on a Wisconsin tax return for income taxes paid to another state. To qualify for the credit, the taxpayer must have been a full-year or part-year Wisconsin resident in 2008 and paid income tax on the same income to both Wisconsin and another state. The schedule collects information about income and taxes paid to other states, and calculates the allowable credit amount based on the income and taxes apportioned to Wisconsin versus the other state.
This document provides instructions for filing Indiana household employment taxes. It explains that this schedule should be filed by individuals who withheld state and county income tax for household employees and want to pay those taxes with their individual income tax return. The schedule has two parts: Part I is a summary of the total state and county taxes withheld, and Part II lists each employee's name, income, and tax amounts withheld.
This document is a schedule for adjusting a taxpayer's 2008 federal adjusted gross income and itemized deductions for a Wisconsin tax return. Part I details adjustments to federal AGI, such as capital gains/losses and supplemental gains/losses. Line 6 combines adjusted AGI totals. Part II is for itemized deductions adjustments, comparing federal amounts to amounts allowed for Wisconsin. Columns compare original federal amounts to amounts under Wisconsin's IRC.
This document provides instructions for completing Wisconsin Form 1X to amend a 2008 Wisconsin tax return. Key details include:
- Form 1X is used to correct Form 1, 1A, or WI-Z for tax year 2008. It cannot be used to amend Form 1NPR.
- Provide identifying information like name, address, social security number.
- Explain all changes on page 3 and include any additional or corrected forms.
- Recalculate amounts that depend on income like standard deduction and credits.
- Enclose any additional schedules needed to support credit changes.
2008 Application for Automatic Extension of Time to Filetaxman taxman
This document is Indiana's Form IT-9, which allows taxpayers to request a 60-day extension to file their state income tax return. It explains who should file, how to calculate the minimum extension payment, and where to send the completed form and payment. Key details include that the extension maintains an April 15 payment deadline to avoid penalties and interest, and the extension payment should be claimed as a credit on the eventual tax return.
Amended Resident Income Tax Return Instructionstaxman taxman
This document provides instructions for completing Form 80-170, the Mississippi Resident Amended Individual Income Tax Return for 2008. Key points include:
- Form 80-170 is used to amend a previously filed 2008 Mississippi individual income tax return.
- The amended return should include all information from the original filing in addition to an explanation of any changes.
- Line items should be completed based on amounts from the original return unless being amended, in which case the box next to the line number should be shaded.
- Supporting documents like W-2s and schedules must be attached along with an explanation of any amended amounts.
Schedule NR apportionment for nonresidents and part-year residentstaxman taxman
1) This document provides instructions for calculating the nonresident credit using Schedule NR for part-year residents, nonresidents, and "safe harbor" residents of Maine who file a Maine tax return.
2) It outlines who must file Schedule NR, including those with income not taxable to Maine who use the same filing status for Maine as on their federal return.
3) The instructions provide a multi-step process for completing Schedule NR to determine the nonresident credit, including calculating ratios of Maine and non-Maine income and adjustments. Schedule NR and supporting documents must be enclosed with the Maine tax return.
This document provides instructions for completing Wisconsin Schedule U to determine if a taxpayer owes interest for underpaying their estimated taxes. It outlines who must pay underpayment interest, exceptions where interest does not apply, how to calculate the required annual payment, and options for the short method or applying for a waiver of underpayment interest. Key details include calculating 90% of the current year tax or 100% of the prior year tax as the required annual payment amount and listing exception codes and circumstances for when interest does not apply or a waiver can be requested.
1. This document provides instructions for carrying back or carrying forward unused low-income housing tax credits in Utah. Credits exceeding the current year's tax liability may be carried back 3 years or forward 5 years.
2. The form is used to calculate amounts of unused credit applied to prior or future tax years. Carryforward credits must be used before credits earned in the current year and are applied on a first-earned, first-used basis.
3. If the taxpayer recaptured part of the federal low-income housing tax credit, a portion of the Utah credit must also be recaptured. This form is used to calculate the recaptured Utah credit amount.
1. This document provides instructions for carrying back or carrying forward unused low-income housing tax credits in Utah. Credits exceeding the current year's tax liability may be carried back 3 years or forward 5 years.
2. Taxpayers must complete form TC-40LI for the year credits were earned and use this form to list any carryback or carryforward amounts and the tax years they are applied to.
3. If a taxpayer recaptures part of the federal low-income housing tax credit, they must also recapture part of the Utah credit using this form to calculate the recapture tax.
This document is an IRS form for adjusting federal adjusted gross income and itemized deductions for Wisconsin tax purposes. It contains instructions for making adjustments to capital gains/losses, supplemental gains/losses, and other income items to arrive at the correct adjusted gross income for Wisconsin. It also has sections to adjust itemized deductions that may impact the Wisconsin itemized deduction credit.
This document provides instructions for completing an Iowa Minimum Tax Computation form. It explains how to calculate adjustments and preferences from a federal tax form to determine alternative minimum taxable income. It also provides details for nonresidents and part-year residents on calculating their Iowa minimum tax liability. Exemption amounts and rates for calculating the alternative minimum tax are provided. The instructions also address limitations to the minimum tax based on a taxpayer's net worth and how to carry forward any alternative minimum tax credit.
- This document provides instructions for Illinois Form IL-2210, which is used to calculate penalties for failing to make timely estimated tax payments, failing to pay taxes owed by the due date, or failing to file a processable tax return by the extended due date.
- The instructions explain how to complete the six steps of Form IL-2210, including calculating required estimated tax installments, unpaid tax amounts, late payment penalties, and penalties for underpayment of estimated tax or late filing.
- Key details include penalty rates, rules for applying payments and credits, and options for using an annualized income method to potentially reduce penalty amounts for taxpayers with fluctuating incomes throughout the year.
2008 Connecticut CT-1040EZ/Telefile Tax Return and taxman taxman
This document provides instructions for filing estimated income tax payments for the 2009 tax year in Connecticut. Key details include:
- Taxpayers must make estimated payments if their Connecticut income tax minus withholding is $1,000 or more and withholding is less than their required annual payment.
- The required annual payment is 90% of the tax on the 2009 return or 100% of the tax on the 2008 return.
- Estimated payment coupons are due on April 15, June 15, September 15, 2009, and January 15, 2010.
- Taxpayers may owe interest if estimated payments are insufficient by the due dates, even if the total tax is paid by the filing deadline.
This document provides instructions for filing Connecticut estimated income tax payments for the 2009 tax year using Form CT-1040ES. Key details include:
- Taxpayers must make estimated payments if their Connecticut income tax will be $1,000 or more more than taxes withheld.
- Payments are due on April 15, June 15, September 15 of 2009 and January 15 of 2010.
- The required annual payment is the lesser of 90% of the tax on the 2009 return or 100% of the tax on the 2008 return.
- A worksheet is provided to calculate the estimated tax liability and required installment payments. Farmers and fishermen need only make one payment by January 15, 2010.
2009 Estimated Connecticut Income Tax Payment Coupon for Individuals [taxman taxman
This document provides instructions for filing Connecticut estimated income tax payments for the 2009 tax year using Form CT-1040ES. Key details include:
- Taxpayers must make estimated payments if their Connecticut income tax will be $1,000 or more more than taxes withheld.
- Payments are due on April 15, June 15, September 15 of 2009 and January 15 of 2010.
- The required annual payment is the lesser of 90% of the tax on the 2009 return or 100% of the tax on the 2008 return.
- A worksheet is provided to calculate the estimated tax liability and required installment payments. It takes into account items like modifications, credits, and alternative minimum tax.
2008 Amended Income Tax Return for Individualstaxman taxman
The document provides instructions for filing Connecticut estimated income tax payments for 2008 using Form CT-1040ES. Key details include:
- Taxpayers must make estimated payments if their Connecticut tax minus withholding is $1,000 or more and withholding is less than required annual payments.
- Required annual payments are 90% of 2008 Connecticut tax or 100% of 2007 tax if a return was filed for a 12-month period.
- Estimated payments are due April 15, June 15, September 15, 2008 and January 15, 2009.
- Taxpayers may owe interest if estimated payments are insufficient by installment due dates.
ct2008 Connecticut Telefile Tax Return and Instructions - taxman taxman
The document provides instructions for filing Connecticut estimated income tax payments for 2008 using Form CT-1040ES. Key details include:
- Taxpayers must make estimated payments if their Connecticut income tax minus withholding is $1,000 or more, and withholding is less than their required annual payment.
- The required annual payment is the lesser of 90% of the 2008 Connecticut income tax or 100% of the 2007 tax.
- Estimated payments are due April 15, June 15, September 15, 2008 and January 15, 2009.
- The worksheet provides guidance on calculating estimated tax liability and payment amounts due each installment.
The document provides instructions for filing Connecticut estimated income tax payments for 2008 using Form CT-1040ES. Key details include:
- Taxpayers must make estimated payments if their Connecticut income tax minus withholding is $1,000 or more, and withholding is less than their required annual payment.
- The required annual payment is the lesser of 90% of the 2008 Connecticut income tax or 100% of the 2007 tax.
- Estimated payments are due April 15, June 15, September 15, 2008 and January 15, 2009.
- The worksheet provides guidance on calculating estimated tax liability and payment amounts due each installment.
Schedules 1 and 1-A - Property Tax Deduction/Credittaxman taxman
1) This document provides instructions for completing Schedule 1 of the New Jersey tax form NJ-1040 to determine whether a taxpayer would benefit more from claiming the Property Tax Deduction or the Property Tax Credit.
2) The schedule involves entering property tax amounts, taxable income amounts, and referring to tax tables to calculate the tax amounts with and without the property tax deduction.
3) By comparing the tax amounts with and without the deduction, the schedule determines whether the taxpayer would save $50 or more in taxes by claiming the Property Tax Deduction, in which case they should claim the deduction, or if they would save more by claiming the $50 Property Tax Credit.
Schedule NRH apportionment for married person electing to file singletaxman taxman
The schedule provides instructions for married persons electing to file as single to calculate the nonresident credit for Maine income tax. It involves completing columns with information from the federal tax return to determine income, deductions, exemptions, and the nonresident credit amount. The nonresident credit is calculated by determining the portion of adjusted Maine income tax that is attributable to non-Maine source income.
This document is an application for a California homebuyer's tax credit. It contains sections for the seller to certify that the home has never been occupied, as well as sections for the escrow company to provide closing details. Finally, there are sections for up to three qualified buyers to provide their contact and ownership information and certify that they intend to use the home as their primary residence for at least two years. The buyers will receive a tax credit of up to 5% of the home's purchase price or $10,000, whichever is less.
This document contains Forms 593-C and 593-E and instructions for real estate withholding in California for 2009. It explains that real estate withholding is a prepayment of estimated income tax due from gains on real estate sales in California. The Real Estate Escrow Person is responsible for providing the forms to sellers and withholding the appropriate amount based on the forms submitted.
This document provides instructions for completing Form 593-V Payment Voucher for Real Estate Withholding Electronic Submission. Key details include:
1) Form 593-V is used to remit real estate withholding payment to the Franchise Tax Board if Form 593 was filed electronically. It must include the withholding agent's identifying information and payment amount.
2) Payments can be made by check or money order payable to the Franchise Tax Board, or through electronic funds transfer for large payments. The payment must match the electronically filed Form 593.
3) Payments are due within 20 days of the end of the month in which the real estate transaction occurred. Interest and penalties
This document provides instructions for California real estate withholding on installment sales. It explains that for tax years beginning on or after January 1, 2009, the buyer is required to withhold taxes on the principal portion of each installment payment for properties sold via an installment sale. The form guides the buyer through providing their contact information, the seller's information, acknowledging the withholding requirement, and signing to indicate they understand their obligation to withhold taxes and send payments to the state. Escrow agents are instructed to send the initial withholding amount to the state and provide copies of documents to help facilitate ongoing withholding as future installment payments are made.
This document is a California Form 593-C, which is a Real Estate Withholding Certificate. It allows a seller of California real estate to certify exemptions from real estate withholding requirements. The form has four parts: seller information, certifications that fully exempt from withholding, certifications that may partially or fully exempt, and the seller's signature. Checking boxes in Part II or III can allow full or partial exemption from the default 3 1/3% withholding on the sales price of California real estate.
This document is a California Form 593 for real estate withholding tax. It contains information about the withholding agent, seller or transferor, escrow or exchange details, and transaction details. The form requires the seller to sign a perjury statement if electing an optional gain on sale calculation method rather than the default 3 1/3% of total sales price withholding amount.
This document provides instructions for completing Form 592-V, the payment voucher for electronically filed Form 592 (Quarterly Resident and Nonresident Withholding Statement) and Form 592-F (Foreign Partner or Member Annual Return). Key details include verifying complete information is provided on the voucher, rounding cents to dollars, mailing the payment and voucher to the Franchise Tax Board by the payment due date, and interest and penalties for late payments.
This document is a California Form 592-B for the tax year 2009. It provides instructions for withholding agents and recipients regarding nonresident and resident withholding. Key details include:
- Form 592-B is used to report income subject to withholding and the amount of California tax withheld.
- It must be provided to recipients by January 31 and to foreign partners by the 15th day of the 4th month following the close of the taxable year.
- The recipient should attach Copy B to their California tax return to claim the withholding amount.
This document is a Foreign Partner or Member Quarterly Withholding Remittance Statement form for tax year 2009 from the California Franchise Tax Board. It contains instructions for three installment payments due by the 15th day of the 4th, 6th, and 9th months of the tax year. The form collects identifying information about the Withholding Agent such as name, address, ID number, and payment amounts to be remitted to the Franchise Tax Board.
This document is a Quarterly Resident and Nonresident Withholding Statement form for tax year 2009. It is used to report tax amounts withheld from payments made to independent contractors, recipients of rents/royalties, distributions to shareholders/partners/beneficiaries, and other types of income. The form includes sections to enter information about the withholding agent, types of income, amounts of tax withheld and due, and a schedule of payees listing details of payments made and tax withheld for each recipient. Instructions are provided on filing deadlines, common errors to avoid, electronic filing requirements, interest and penalties.
This document is a Nonresident Withholding Exemption Certificate form used to certify an exemption from withholding on distributions of previously reported income from an S corporation, partnership, or LLC. It allows a nonresident shareholder, partner, or member to claim exemption if the income represented by the distribution was already reported on their California tax return. The form requires information about the entity and individual, and certification that the income has been reported. It is to be kept by the entity and presented to claim exemption from withholding requirements on distributions of prior year income.
This document is a Withholding Exemption Certificate form from the California Franchise Tax Board. It allows individuals and entities to certify an exemption from California nonresident income tax withholding. The form contains checkboxes for different types of taxpayers, including individuals, corporations, partnerships, LLCs, tax-exempt entities, and trusts, to claim an exemption based on their status. It requires the taxpayer's name, address, and signature to certify that the information provided is true and correct.
This document is a request form for a waiver of nonresident withholding in California. It requests information about the requester, withholding agent, and payees. The requester provides their name and address and selects the type of income payment for which a waiver is requested. The withholding agent's name and address are also provided. In the vendor/payee section, names, addresses, and tax identification numbers are listed along with the reason for waiver request. Reasons include having current tax returns on file, making estimated payments, being a member of a combined reporting entity, or other special circumstances. The form is signed under penalty of perjury.
This document is a Nonresident Withholding Allocation Worksheet (Form 587) used to determine if withholding of income tax is required for payments made by a withholding agent to a nonresident vendor/payee. The vendor/payee provides information about the types of payments received and allocation of income between California and other states. The withholding agent uses this information to determine if withholding of 7% is required based on the amount of California-source income payments exceeding $1,500.
This document is a tax return form for California's nonadmitted insurance tax. It provides instructions for calculating taxes owed on insurance premiums paid to insurers not authorized to conduct business in California. The form includes sections to enter the taxpayer's information, identify the tax period and insurance contracts, compute the tax amount, and make payments or claim refunds. It also provides directions on filing amended returns, payment due dates, and authorizing a third party to discuss the filing with the tax agency.
The document provides instructions for Form 541-ES, which is used to calculate and pay estimated tax for estates and trusts. Key details include:
- Estimated tax payments for 2009 are now required to be 30% of the estimated tax liability for the 1st and 2nd installments and 20% for the 3rd and 4th installments.
- Estates and trusts with a 2009 adjusted gross income of $1,000,000 or more must base estimated tax payments on their 2009 tax liability rather than the prior year's tax.
- The form and instructions provide guidance on calculating estimated tax, payment due dates, and how to complete and submit Form 541-ES.
This document provides instructions for California taxpayers to estimate their tax liability and make estimated tax payments for tax year 2009. Key details include:
- Taxpayers must make estimated payments if they expect to owe $500 or more in tax for 2009 after subtracting withholding and credits.
- Payments are due April 15, June 15, September 15 of 2009, and January 15 of 2010.
- A worksheet is provided to help calculate estimated tax liability based on 2008 tax return or expected 2009 income.
- Failure to make required estimated payments may result in penalties. Electronic payment is required for payments over $20,000.
This document provides instructions for making estimated tax payments for individuals in California. It includes:
1) Directions for making online payments through the Franchise Tax Board website for ease and to schedule payments up to a year in advance.
2) A form for making estimated tax payments by mail on April 15, June 15, September 15, and January 15 that includes fields for name, address, amounts owed, and payment instructions.
3) Reminders not to combine estimated tax payments with tax payments from the previous year and to write your name and identification number on the check.
This document contains contact information for the California Franchise Tax Board. It lists phone numbers and addresses for various tax-related services, including automated phone services, taxpayer assistance, tax practitioner services, and departments within the FTB that handle issues like collections, bankruptcy, and deductions. The board members and executive officer are also named.
This document provides answers to frequently asked questions about tax audits conducted by the Franchise Tax Board of California. It explains that the purpose of an audit is to fairly verify the correct amount of taxes owed. It addresses questions about obtaining representation, responding to information requests, payment plans if additional taxes are owed, and appeal rights. The document directs taxpayers to contact their auditor or the Franchise Tax Board directly for additional assistance.
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Instructions
1. INSTRUCTIONS FOR 2008 WISCONSIN SCHEDULE MT
GENERAL INSTRUCTIONS AMTI made after that date cannot be used for Wisconsin
for 2008. The Emergency Economic Stabilization Act
of 2008 changed federal law to allow the portion of the
Who Must File
standard deduction attributable to a net disaster loss to be
Generally, you may have to pay alternative minimum tax used in the computation of federal AMTI. If this deduc-
if your Wisconsin income combined with any adjustment tion is claimed on line 7 of your 2008 federal Form 6251,
or tax preference items totals more than: recompute federal AMTI without such deduction.
• $45,000 if married filing a joint return, • If you are married filing a separate federal income tax
• $33,750 if single or head of household, return and are required to include an additional amount
• $22,500 if married filing a separate return, or of federal AMTI on line 29 of federal Form 6251 because
• $22,500 if a trust or estate. your federal AMTI exceeds $214,900, fill in on line 1 of
Schedule MT the federal AMTI before such additional
(Note: These guidelines do not apply to part-year resident amount was included.
and nonresident individuals, estates, and trusts because of
required proration.) Line 2 Additions Because your federal AMTI (line 1 of
Schedule MT) may include items which are not deductible
See the instructions for federal Form 6251 (Schedule I of
for Wisconsin, or such federal income does not include items
Form 1041 for estates and trusts) for descriptions of adjust-
which are taxable for Wisconsin, you may have to add these
ment and tax preference items.
items to arrive at the correct Wisconsin AMTI.
Individuals, estates, and trusts must file Schedule MT if
Resident Individuals – Fill in lines 2a, 2b, and 2c. Do not
the income tax computed on line 28 of Wisconsin Form 1,
fill in an amount on line 2d or 2e. Also, fill in lines 2f
line 54 of Wisconsin Form 1NPR, or line 10 of Wisconsin
and 2g.
Form 2 is less than the Wisconsin tentative minimum tax.
Exception If you are a beneficiary of an estate or trust, fill
in on line 2d the amount of state and local taxes which is
SPECIFIC INSTRUCTIONS
included in Column (c) of your Schedule 2K-1.
CAUTION: The Internal Revenue Service hadn’t finalized Part-Year Resident and Nonresident Individuals – Fill in
the 2008 federal Forms 1041 and 6251 at the time that -0- on line 2g and see the instructions for line 4.
Schedule MT and these instructions went to print. Therefore,
Estates and Trusts – Fill in lines 2a through 2g. For line 2b,
line numbers on federal Forms 1041 and 6251 referred to
fill in only the portion of the tax preference for tax-exempt
on Schedule MT and in these instructions may change.
interest from line 8 of Schedule I of your federal Form 1041
which is allocable to nondistributable income.
Line 1 Federal Alternative Minimum Taxable Income
(AMTI)
Line 3 Subtractions Because your federal AMTI (line 1
Individuals – Fill in your federal AMTI from line 29 of
of Schedule MT) may include items which are not taxable
federal Form 6251.
for Wisconsin, or such federal income does not include
Estates and Trusts – Fill in your federal AMTI from line items which are deductible for Wisconsin, you may have
29 of Schedule I of federal Form 1041. to subtract these items to arrive at the correct Wisconsin
AMTI (for example, the 60% Wisconsin capital gain
Exceptions exclusion is subtracted from federal AMTI to arrive at
Wisconsin AMTI).
• If you are required to file a Wisconsin Schedule I (complete
Schedule B of Form 2 for estates and trusts) because dif- Resident Individuals – Fill in lines 3a, 3b, and 3c. Do not
ferences between federal and Wisconsin law affect you, fill in an amount on line 3d. Also, fill in lines 3e and 3f.
you must recompute Form 6251 (Schedule I of Form 1041
Part-Year Resident and Nonresident Individuals – Fill in
for estates and trusts), substituting the federal income
-0- on line 3f and see the instructions for line 4.
amounts determined on Wisconsin Schedule I (using
Schedule B of Form 2 for estates and trusts) for the income
Estates and Trusts – Fill in lines 3a through 3f.
shown on federal Form 1040 (Form 1041 for estates and
trusts). Label this recomputed Form 6251 (Schedule I
Line 4 Resident Individuals and Estates and Trusts – If
of Form 1041 for estates and trusts) “Wisconsin” and
line f is smaller than line 2g, subtract line 3f from line 2g
enclose it with your Wisconsin income tax return.
and fill in the result on line 4. If line 3f is larger than
• Wisconsin uses the Internal Revenue Code in effect on line 2g, subtract line 2g from line 3f and fill in the result
December 31, 2006. Changes to the computation of federal as a negative number.
I-129
2. Line 8 Adjustments
Part-Year Resident and Nonresident Individuals – Complete
the following worksheet to determine the amount to fill in • If adjustments and preferences reported on lines 10, 12,
on line 4: and 14 through 27 of federal Form 6251 (lines 6, 8, and 10
through 23 of Schedule I of federal Form 1041 for estates
1. Wisconsin income from line 32 of
and trusts) did not result in a tax benefit for Wisconsin tax
Form 1NPR 1. ________
purposes, fill in the net amount of those adjustments and
2. Wisconsin net operating loss included preference items on line 8 of Schedule MT. Amounts filled
on line 15, Column B of Form 1NPR in on these lines on federal Form 6251 will not produce a
(enter as a positive number) 2. ________ tax benefit if you are a part-year resident or nonresident of
3. State income tax refund from line 4, Wisconsin and the related income or deduction does not
Column A of Form 1NPR 3. ________ have a Wisconsin situs. (Note: Also include any portion
of the adjustment from line 8 of federal Form 6251 that
4. Recoveries of federal itemized
relates to investment interest expense reported on Sched-
deductions included on line 15,
ule E which did not result in a tax benefit.)
Column A of Form 1NPR 4. ________
5. Add lines 1 through 4 5. ________ Example: You are a nonresident of Wisconsin, but are
required to file a Wisconsin income tax return because
6. Federal income from line 33 of
of rental property you own in Wisconsin. On line 18 of
Form 1NPR* . . . . . . . . . . . . . . . . 6. _________
federal Form 6251 you report an accelerated depreciation
7. Federal net operating loss carryover
tax preference of $5,000 which relates to rental property
from line 21 of federal Form 1040
you own in Illinois. Because the income from your rental
(enter as a positive number) . . . . . 7. _________
property in Illinois is not taxable to Wisconsin, the $5,000
8. Add lines 6 and 7 8. ________ accelerated depreciation tax preference should be filled in
on line 8 of Schedule MT as a negative number.
9. If line 8 is smaller than line 5, subtract
line 8 from line 5 and fill in the result.
Example: You are a nonresident of Wisconsin, but are
If line 8 is larger than line 5, subtract
required to file a Wisconsin tax return because of rental
line 5 from line 8 and fill in the result
property you own in Wisconsin. On line 19 of federal
as a negative number 9. ________
Form 6251 you report a passive activity loss adjustment
of $5,000 which relates to an Iowa partnership in which
Fill in the amount from line 9 of the worksheet on line 4
you are a limited partner. The income from your limited
of Schedule MT.
partnership interest is not allocable to Wisconsin. The
* If military compensation of a nonresident was excluded
$5,000 passive activity loss adjustment should be filled
from line 1, Column A of Form 1NPR, include the amount
in on line 8 of Schedule MT as a negative number.
excluded on line 6.
CAUTION: Estates and trusts should only enter amounts
allocable to nondistributable income.
Line 6 Itemized Deduction Addback
Resident Individuals and Estates and Trusts – Fill in -0-
• If an amount was reported on line 14 of federal Form 6251
on line 6.
(line 10 of Schedule I of federal Form 1041 for estates
and trusts) with regard to incentive stock options, that
Part-Year Resident and Nonresident Individuals – You
adjustment relating to stock options (including any
may have to add back to federal AMTI a portion of your
basis adjustment) should be reduced by 20% for Wis-
itemized deductions.
consin purposes. Fill in the 20% reduction on line 8 of
Schedule MT, provided the adjustment for incentive
Figure the amount to add back as follows:
stock options is not removed in total from federal AMTI
1. Itemized deductions from line 40 of
for some other reason.
federal Form 1040 and line 6 of federal
Form 6251 (treat as a positive number) CAUTION: Do not add back 20% of the federal basis
less amounts from lines 2 through 5 adjustment made when incentive stock option stock is
and 9 of federal Form 6251 1. _________ sold if you did not receive a Wisconsin tax benefit from
reducing the federal adjustment in the year of exercise
2. Fill in one (1.00) minus the proration
by 20%.
ratio from line 34 of Form 1NPR 2. _________
3. Multiply line 1 by line 2. Fill in the
result here and on line 6 of
Schedule MT 3. _________
2
3. Line 12 Wisconsin Alternative Tax Net Operating
• If any addition or subtraction amount on line 2a or 3a of
Loss (ATNOL) If you sustained a Wisconsin regular tax
Schedule MT (or used in computing Wisconsin income for
net operating loss in prior years, you must compute your
nonresidents or part-year residents) relates to items that
Wisconsin ATNOL and carryover.
generate adjustment or preference amounts for minimum
tax purposes on lines 10, 12, and 14 through 27 of federal
A Wisconsin ATNOL and carryover to 2008 is computed
Form 6251 (lines 6, 8, and 10 through 23 of Schedule I
as follows:
of federal Form 1041 for estates and trusts), any resulting
increase or decrease in the amount of the adjustment or
1. Figure the ATNOL for the loss year – Your ATNOL is
preference item for Wisconsin purposes should be filled
your regular tax net operating loss reduced or increased, as
in on line 8 of Schedule MT.
appropriate, by those tax preference items and adjustments
Example: On line 17 of federal Form 6251, you reported from federal Form 6251 for the loss year that applied for
Wisconsin. If in any year the tax preferences and adjust-
an adjustment for the recomputation of gain or loss of
ments are greater than your regular tax net operating
property sold as a result of using the accelerated cost
loss, you do not have an ATNOL for that year.
recovery system (ACRS) method of depreciation for
federal tax purposes. This property had been depreciated
2. Figure the ATNOL carryover to 2008 – An ATNOL may
using the straight line method for Wisconsin tax purposes.
be carried forward and used to decrease AMTI for up to
Therefore, any difference in the amount of adjusted gain
15 years.
or loss because of differences in depreciation methods for
federal and Wisconsin tax purposes should be reported on
If the current year is the first year to which the ATNOL
line 8 of Schedule MT.
is carried, the amount of the carryover is the amount of
the ATNOL. Otherwise, the amount of the carryover is
Example: On line 2a of Schedule MT, you claimed an
the amount of the ATNOL remaining after subtracting
addition (from Schedule T) for depreciation on property
the amount used in all preceding carryover years to
which had a different basis for federal and Wisconsin
decrease AMTI. You must consider the ATNOL used in
purposes. The property is depreciated using the ACRS
each carryover year even if you did not owe Wisconsin
method of depreciation. As a result, you reported as a tax
alternative minimum tax each year.
preference the difference between ACRS depreciation
and straight line depreciation on federal Form 6251. The
Example: Your regular tax net operating loss and tax
amount of this tax preference should be reduced to reflect
preferences are indicated below. For 2007, you used $5,000
the difference in depreciation allowable for Wisconsin and
of your ATNOL to decrease AMTI. You would compute
federal purposes.
your Wisconsin ATNOL carryover to 2008 as follows:
• If adjustments or preferences distributed to you from a
2005 2006 2007
tax-option (S) corporation, partnership, estate, or trust
Regular tax net operating loss $5,000 $15,000 $29,000
differ for Wisconsin, fill in the amount of the difference
Less tax preferences 2,000 4,000 33,000
on line 8 of Schedule MT.
ATNOL $3,000 $11,000 $ -0-
Example: On your Wisconsin Schedule 5K-1 (Tax- Less ATNOL used to decrease
Option (S) Corporation Shareholders’ Share of Income, 2007 AMTI 3,000 2,000 -0-
Deductions, etc.), the federal amount of adjustments dis-
ATNOL carryover available
tributed is $8,000. An adjustment is shown in Column (c)
for 2008 $ - 0 - $ 9,000 $ -0-
of ($3,000) and a Wisconsin amount of $5,000 is shown
in Column (d). Since $8,000 is already included on line 1
of Schedule MT, fill in $3,000 on line 8 as a negative
number.
Example: On your Wisconsin Schedule 3K-1 (Wisconsin
Partner’s Share of Income, Deductions, etc.), the federal
amount of tax preferences distributed is $5,000. A modifi-
cation is shown in Column (c) of ($2,000) and a Wisconsin
amount of $3,000 is shown in Column (d). Since $5,000 is
already included on line 1 of Schedule MT, fill in $2,000
on line 8 of Schedule MT as a negative number.
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4. Line 13 If you are married filing a separate Wisconsin If line 13 of Schedule MT is over these amounts, complete
income tax return and the result of subtracting line 12 from the following worksheet to compute the amount to fill in
line 11 is more than $165,000, complete the following on line 15:
worksheet:
1. Fill in the amount from line 13 of
1. Subtract line 12 of Schedule MT Schedule MT . . . . . . . . . . . . . . . . . . . 1. ___________
from line 11 of Schedule MT 1. _________
2. Fill in $150,000 ($112,500 if single or
$ 165,000
2. Exemption amount 2. _________ head of household, or $75,000 if married
filing separately or an estate or trust) . 2. ___________
3. Subtract line 2 from line 1 3. _________
4. Multiply line 3 by .25 (25%) 4. _________ 3. Subtract line 2 from line 1 . . . . . . . . . 3. ___________
5. Enter the smaller of line 4 or $22,500 5. _________ 4. Multiply line 3 by .25 (25%). If this
form is for a part-year resident or
6. Add lines 1 and 5. Fill in the result
nonresident individual, a nonresident
here and on line 13 of Schedule MT 6. _________
estate or trust, or a part-year resident
trust, complete line 5 or 6 below.
If the amount filled in on line 13 is zero or less, do not fill
Otherwise stop here and fill in this
in the rest of this schedule. You do not owe a Wisconsin
amount on line 15 of Schedule MT . . 4. ___________
alternative minimum tax.
5. Part-year resident and nonresident
Lines 14a and 14b individuals – multiply the amount
on line 4 by the proration ratio from
Resident Individuals, Estates, and Trusts – Fill in the
line 34 of Form 1NPR. Fill in this
exemption amount shown on line 14a.
amount on line 15 of Schedule MT . . 5. ___________
Part-Year Resident and Nonresident Individuals – Multiply 6. Nonresident estates and trusts and
$45,000 ($33,750 if single or head of household, or $22,500 part-year resident trusts – multiply the
if married filing separate return) by the proration ratio from amount on line 4 by the proration
line 34 of Form 1NPR. Fill in the result on line 14b. ratio on line 3 of the worksheet for line
14b. Fill in this amount on line 15 of
Nonresident Estates and Trusts and Part-Year Resident Schedule MT . . . . . . . . . . . . . . . . . . . 6. ___________
Trusts – Use the following worksheet to compute the amount
to fill in on line 14b:
Line 16 Subtract line 15 from line 14a or 14b, as
1. Total income from line 9 of federal appropriate, and fill in the result on line 16. If the result is
Form 1041 . . . . . . . . . . . . . . . . . . . . . 1. __________ zero or less, fill in -0-.
2. Wisconsin income included
Line 17 Subtract line 16 from line 13 and fill in the result
on line 1 of this worksheet (i.e., total
on line 17. If the amount filled in on line 17 is zero or less,
income with a Wisconsin situs) . . . . . 2. __________
do not complete the rest of this schedule. You do not owe
3. Divide line 2 by line 1 (do not fill in a Wisconsin alternative minimum tax.
more than one (1)). This is your
proration ratio . . . . . . . . . . . . . . . . . . 3. __________ Line 18 Multiply the amount on line 17 by .065 (6.5%)
and fill in the result on line 18.
4. Multiply $22,500 by the proration
ratio on line 3. Fill in the result on
Line 19 Fill in the amount of your Wisconsin tax
line 14b of Schedule MT . . . . . . . . . . 4. __________
from line 28 of Wisconsin Form 1, line 54 of Wisconsin
Form 1NPR, or line 10 of Wisconsin Form 2.
Line 15 Exemption Phase-Out Amount You must
complete line 15 if: Line 20 If line 19 is larger than line 18, fill in -0- on
line 20. You do not owe a Wisconsin alternative minimum
You are: And line 13 is over:
tax. If line 18 is larger than line 19, subtract line 19 from line
Married filing jointly . . . . . . . . . . . . $150,000 18 and fill in the result on line 20. This is your Wisconsin
Single or head of household . . . . . . . $112,500 alternative minimum tax due. Fill in this amount on line 29
of Form 1, line 55 of Form 1NPR, or line 11 of Form 2.
Married filing separately . . . . . . . . . . . $75,000
An estate or trust . . . . . . . . . . . . . . . . . $75,000
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