This document is a Minnesota tax form for nonresidents and part-year residents. It contains sections to report income, deductions, and calculate tax owed to Minnesota. The taxpayer must first complete other sections of the main Minnesota tax form before filling out this schedule to determine their Minnesota taxable income and tax amount.
This document provides instructions for completing Schedule M1CR to claim a credit for income tax paid to another state on a Minnesota tax return. Taxpayers may be eligible if they were a Minnesota resident in 2008 and paid income tax to Minnesota and another state on the same income. The schedule walks through calculating the credit amount by determining the portion of income taxed by both states and limiting the credit to the lesser of the tax paid to the other state or a percentage of the Minnesota tax.
This document provides instructions for completing Schedule M1R for the Age 65 or Older/Disabled Subtraction for 2008. It outlines the eligibility requirements, which include being age 65 or older or disabled. It provides a table to determine eligibility based on filing status, adjusted gross income, and nontaxable benefits received. The instructions explain how to complete each line of the schedule, including how to calculate adjusted gross income if a lump-sum distribution was received.
This document is an amended Minnesota income tax return form for 2008. It provides instructions for taxpayers to correct or amend their original 2008 Minnesota individual income tax return. The form includes sections to update personal information, filing status, reasons for amending, taxable income amounts, tax credits, payments and amounts due or owed. Taxpayers must provide explanations for any changes and include any corrected or amended supporting schedules.
This document provides instructions for claiming the Minnesota Child and Dependent Care Credit for tax year 2008. It includes a table to determine the credit amount based on household income and number of qualifying persons. It defines who qualifies for the credit, what expenses qualify, and how part-year residents and those with certain types of income can calculate their credit. Operators of licensed family day care homes caring for their own children under age 6 may also qualify for the credit. Taxpayers must have proof of expenses in case the department requests documentation.
This document provides instructions for completing the Michigan Schedule NR form for nonresident and part-year resident taxpayers. It explains how to allocate and apportion different types of income to Michigan and other states. Key items include allocating wages, business income, capital gains, and retirement income based on residency. It also provides details on prorating exemption allowances for part-year residents.
This document is an estate tax return form from the Vermont Department of Taxes. It contains sections for estates of Vermont resident decedents and nonresident decedents. For residents, there is a simplified section if all property was in Vermont, and a more complex section if property was also in other states. For nonresidents, property must have been located in Vermont as well. The form includes computation schedules to calculate the Vermont estate tax due based on the federal taxable estate and taxes paid to other states. Executors must sign declaring the return is true and correct.
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)
Annualized Schedule for Underpayment of Estimated Taxtaxman taxman
This document is Indiana's annualized income schedule for underpayment of estimated taxes by individuals for 2008. It provides instructions for calculating required quarterly estimated tax payments using annualized income amounts. Key details include:
- It allows farmers/fishermen to calculate required payments as 66.7% of annual income instead of 90%.
- Taxpayers must annualize income for each payment period and calculate taxes owed based on exemptions and tax rates.
- Minimum quarterly payments are 25% of the total required annual payment. Payments are compared to actual amounts due to determine underpayment, if any.
- Withholding credits and estimated payments are applied to determine actual amounts due in each period.
This document provides instructions for completing Schedule M1CR to claim a credit for income tax paid to another state on a Minnesota tax return. Taxpayers may be eligible if they were a Minnesota resident in 2008 and paid income tax to Minnesota and another state on the same income. The schedule walks through calculating the credit amount by determining the portion of income taxed by both states and limiting the credit to the lesser of the tax paid to the other state or a percentage of the Minnesota tax.
This document provides instructions for completing Schedule M1R for the Age 65 or Older/Disabled Subtraction for 2008. It outlines the eligibility requirements, which include being age 65 or older or disabled. It provides a table to determine eligibility based on filing status, adjusted gross income, and nontaxable benefits received. The instructions explain how to complete each line of the schedule, including how to calculate adjusted gross income if a lump-sum distribution was received.
This document is an amended Minnesota income tax return form for 2008. It provides instructions for taxpayers to correct or amend their original 2008 Minnesota individual income tax return. The form includes sections to update personal information, filing status, reasons for amending, taxable income amounts, tax credits, payments and amounts due or owed. Taxpayers must provide explanations for any changes and include any corrected or amended supporting schedules.
This document provides instructions for claiming the Minnesota Child and Dependent Care Credit for tax year 2008. It includes a table to determine the credit amount based on household income and number of qualifying persons. It defines who qualifies for the credit, what expenses qualify, and how part-year residents and those with certain types of income can calculate their credit. Operators of licensed family day care homes caring for their own children under age 6 may also qualify for the credit. Taxpayers must have proof of expenses in case the department requests documentation.
This document provides instructions for completing the Michigan Schedule NR form for nonresident and part-year resident taxpayers. It explains how to allocate and apportion different types of income to Michigan and other states. Key items include allocating wages, business income, capital gains, and retirement income based on residency. It also provides details on prorating exemption allowances for part-year residents.
This document is an estate tax return form from the Vermont Department of Taxes. It contains sections for estates of Vermont resident decedents and nonresident decedents. For residents, there is a simplified section if all property was in Vermont, and a more complex section if property was also in other states. For nonresidents, property must have been located in Vermont as well. The form includes computation schedules to calculate the Vermont estate tax due based on the federal taxable estate and taxes paid to other states. Executors must sign declaring the return is true and correct.
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)
Annualized Schedule for Underpayment of Estimated Taxtaxman taxman
This document is Indiana's annualized income schedule for underpayment of estimated taxes by individuals for 2008. It provides instructions for calculating required quarterly estimated tax payments using annualized income amounts. Key details include:
- It allows farmers/fishermen to calculate required payments as 66.7% of annual income instead of 90%.
- Taxpayers must annualize income for each payment period and calculate taxes owed based on exemptions and tax rates.
- Minimum quarterly payments are 25% of the total required annual payment. Payments are compared to actual amounts due to determine underpayment, if any.
- Withholding credits and estimated payments are applied to determine actual amounts due in each period.
Form CT-2 Employee Representative's Quarterly Railroad Tax Return taxman taxman
This document is an IRS form (CT-2) used by employee representatives to report railroad retirement taxes on compensation received. It provides instructions for completing the form, including calculating taxes owed based on tax rates for Tier I, Tier I Medicare, and Tier II taxes. Key details include tax rates of 12.4% for Tier I up to $106,800, 2.9% for Tier I Medicare with no limit, and 12.1% for Tier II up to $79,200. The completed form and payment are due quarterly by specified dates to the IRS.
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This document is a tax calculation worksheet for an Electing Small Business Trust (ESBT) filing a Nebraska state tax return. It provides instructions for calculating the ESBT's Nebraska taxable income and tax liability based on income received from an S corporation. Key steps include adjusting federal taxable income for items like U.S. government bond interest, then determining the portion of income from Nebraska sources to calculate the Nebraska tax amount.
colorado.gov cms forms dor-tax CY104 formtaxman taxman
1) This document is a Colorado individual income tax return form for the 2008 tax year. It includes sections to report income, deductions, tax owed or refund amount, and optional contributions to various state funds.
2) The form provides lines to enter federal taxable income and make state-specific additions and subtractions to calculate Colorado taxable income. It then uses a tax table to find the tax amount.
3) Other sections include credits, payments, amounts owed or refunded, and optional contributions that taxpayers can allocate to various state funds. Signing and mailing instructions are provided at the end.
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 is an Indiana amended individual income tax return form (IT-40X) for the year being amended. It provides instructions for taxpayers to correct errors or omissions on their original Indiana individual income tax return. The form collects identifying information about the taxpayer, income and exemption amounts, tax due, credits, payments, and refund or amount due. It directs taxpayers to provide explanations for amendments and attach supporting documentation.
This document is a 2008 Michigan Schedule 1 Additions and Subtractions form. It contains instructions for reporting additions to and subtractions from income on a Michigan tax return. Some key additions include interest and dividends from other states, the deduction for federal taxes, and gains/losses from other forms. Key subtractions include income from U.S. government bonds, military pay, retirement/pension benefits, and various tax credits. The purpose of this form is to reconcile a taxpayer's federal adjusted gross income with their income for Michigan state tax purposes.
This document is a Wisconsin Department of Revenue form for calculating underpayment of estimated taxes by individuals and fiduciaries. It contains instructions for taxpayers to calculate their required annual payment, estimated tax payments made, and any underpayment amount owed including interest. The form provides options to use the short method, regular method, or annualized income installment method to figure the underpayment.
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.
This document is the Michigan Department of Treasury Form MI-8453 for 2008. It contains sections for taxpayers to declare information about their state tax return that is being e-filed, including income amounts, taxes owed or refunded. The form requires signatures from the taxpayer and preparer to declare that the electronic return is true, correct and complete based on all information provided to them. Instructions are included for how to complete and submit the form if filing a state-only Michigan return separately from the federal return.
This document is a capital gains and losses schedule form for Wisconsin tax filers for the year 2008. It contains instructions and sections to report short-term and long-term capital gains and losses, and calculate amounts to carry over to the next tax year. Key sections include: Part I for short-term gains/losses, Part II for long-term gains/losses, Part III to summarize Parts I and II and determine amounts to report as income or deduct losses, and Part V to calculate capital loss amounts to carry over to 2009 if losses exceed the amount allowed as a deduction for 2008.
IT-272 Claim for College Tuition Credit or Itemized Deduction and instructionstaxman taxman
This document is a claim form for the New York State real property tax credit for homeowners and renters. It provides instructions for homeowners and renters to determine if they are eligible for the tax credit based on their household income and real property taxes or rent paid. The form guides filers through 6 steps: 1) entering identifying information; 2) determining eligibility; 3) calculating household gross income; 4) computing real property taxes or rent paid; 5) computing the credit amount; and 6) finishing the claim by signing, entering direct deposit information if not filing with a tax return, and mailing instructions.
This document provides instructions for completing Nebraska Form 2441N to claim a child and dependent care tax credit. It explains that the form should only be filed if federal adjusted gross income is $29,000 or less. The form collects information about care providers, qualifying dependents, expenses paid, earned income, and any dependent care benefits received in order to calculate the allowable credit amount.
This document is an Arizona property tax refund claim form for the year 2003. It provides instructions for homeowners and renters to claim a refund based on their property taxes paid or rent paid. The form collects information like name, address, income, property taxes or rent paid, and requests the applicant to check boxes to affirm they meet the qualifications like being an Arizona resident for all of 2003. It then calculates the refund amount and provides options to receive the refund via direct deposit or check.
This document provides instructions for completing Schedule M1M to report income additions and subtractions for Minnesota individual income tax. Key points:
- Lines 1-12 are additions to income that must be reported on line 3 of Form M1, such as interest from other states' bonds and certain federal deductions.
- Lines 14-28 are subtractions from income to be reported on line 8 of Form M1, such as military pay earned outside Minnesota.
- New in 2008: 80% of federal bonus depreciation must be added back on line 6 over 5 years; section 179 expensing differences may apply.
- Line 29 is now obsolete due to a law change eliminating Schedule M1
Instructions for Form 1120-L, , U.S. Life Insurance Company Income Tax Return taxman taxman
This document provides instructions for completing Form 1120-L, the U.S. Life Insurance Company Income Tax Return. It outlines who must file, definitions, when to file, where to file, who must sign, and specific line-by-line instructions for completing the form. It also provides information on new developments, extensions, penalties, accounting methods, and other general filing guidelines for life insurance companies.
This document is a Wisconsin capital gains and losses schedule for tax year 2008. It contains sections to report short-term capital gains and losses from assets held one year or less, long-term capital gains and losses from assets held more than one year, a summary of gains and losses, a computation of Wisconsin adjustments to income, and a computation of capital loss carryovers. The schedule is used to determine capital gains and losses for Wisconsin income tax purposes.
This document is an Alternative Minimum Tax form for 2008. It contains instructions for completing Schedule M1MT to determine if a taxpayer owes Minnesota Alternative Minimum Tax. Key details include:
- Schedule M1MT must be completed if the taxpayer owed federal Alternative Minimum Tax when filing their federal return.
- It calculates adjustments, additions, subtractions and deductions to adjusted gross income to determine if Minnesota Alternative Minimum Tax is owed.
- Line items include medical expenses, investment interest, charitable contributions and other items from the federal return.
- The schedule then determines the tax owed based on filing status and income thresholds and compares it to the regular tax from Form M1.
- If the Alternative Minimum Tax
1) This document provides instructions for calculating South Carolina state tax on lump-sum distributions from qualified retirement plans using form SC4972.
2) It allows taxpayers to choose either a capital gain election to be taxed at 3.92% or a 10-year tax option that spreads the taxable amount over 10 years.
3) The form guides taxpayers through calculating deductions for retirement income and age 65 or older, as well as determining tax rates and amounts owed.
This document provides instructions for a nonresident partner filing for a credit on their Minnesota state taxes. To be eligible, the nonresident must have: sold a partnership interest taxed by Minnesota in 2008, paid taxes on the gain to both Minnesota and their state of residence, filed a return with their state of residence, and their state of residence does not allow a credit for taxes paid to Minnesota. The schedule then provides a series of calculations to determine the amount of credit eligible based on the portion of federal adjusted gross income from the partnership gain and taxes paid to the state of residence.
This document is a Schedule M1MTC form for calculating the Minnesota alternative minimum tax credit for 2008. It contains instructions for completing the form.
The form has three parts:
1. Part 1 calculates the minimum tax credit generated by paying the Minnesota AMT in 2007 based on amounts from the 2007 tax forms.
2. Part 2 determines how much of the credit from Part 1 can be used to offset the 2008 tax liability, if any.
3. Part 3 shows any unused credit that can be carried forward to future years.
The credit is for individuals who paid Minnesota AMT in prior years but are not required to pay it for 2008. It allows them to use the previous A
nd1nr-enabled nd.gov tax indincome forms 2008taxman taxman
This document provides instructions for a North Dakota tax form for nonresidents and part-year residents to calculate their North Dakota tax liability. It explains who needs to complete the schedule and how to calculate income and deductions sourced to North Dakota. Line items include wages, business income, capital gains, pensions, rental income, and adjustments for student loan interest and moving expenses. The schedule is used to determine the portion of total federal adjusted gross income and deductions that relates to North Dakota and calculates the North Dakota tax amount.
This document is a Nebraska S Corporation Income Tax Return form for the 2008 tax year. It provides instructions and lines to report income, deductions, tax payments, and other information needed to calculate taxes owed or refunds due. Key details include: the business name and identification numbers, ordinary income and adjustments, percentages of ownership by resident and nonresident shareholders, income and tax amounts subject to withholding, tax deposited or owed/refunded, and options for a refund payment. Schedules are included to apportion income derived from both within and without Nebraska.
Form CT-2 Employee Representative's Quarterly Railroad Tax Return taxman taxman
This document is an IRS form (CT-2) used by employee representatives to report railroad retirement taxes on compensation received. It provides instructions for completing the form, including calculating taxes owed based on tax rates for Tier I, Tier I Medicare, and Tier II taxes. Key details include tax rates of 12.4% for Tier I up to $106,800, 2.9% for Tier I Medicare with no limit, and 12.1% for Tier II up to $79,200. The completed form and payment are due quarterly by specified dates to the IRS.
revenue.ne.gov tax current f_1041n_wksttaxman taxman
This document is a tax calculation worksheet for an Electing Small Business Trust (ESBT) filing a Nebraska state tax return. It provides instructions for calculating the ESBT's Nebraska taxable income and tax liability based on income received from an S corporation. Key steps include adjusting federal taxable income for items like U.S. government bond interest, then determining the portion of income from Nebraska sources to calculate the Nebraska tax amount.
colorado.gov cms forms dor-tax CY104 formtaxman taxman
1) This document is a Colorado individual income tax return form for the 2008 tax year. It includes sections to report income, deductions, tax owed or refund amount, and optional contributions to various state funds.
2) The form provides lines to enter federal taxable income and make state-specific additions and subtractions to calculate Colorado taxable income. It then uses a tax table to find the tax amount.
3) Other sections include credits, payments, amounts owed or refunded, and optional contributions that taxpayers can allocate to various state funds. Signing and mailing instructions are provided at the end.
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 is an Indiana amended individual income tax return form (IT-40X) for the year being amended. It provides instructions for taxpayers to correct errors or omissions on their original Indiana individual income tax return. The form collects identifying information about the taxpayer, income and exemption amounts, tax due, credits, payments, and refund or amount due. It directs taxpayers to provide explanations for amendments and attach supporting documentation.
This document is a 2008 Michigan Schedule 1 Additions and Subtractions form. It contains instructions for reporting additions to and subtractions from income on a Michigan tax return. Some key additions include interest and dividends from other states, the deduction for federal taxes, and gains/losses from other forms. Key subtractions include income from U.S. government bonds, military pay, retirement/pension benefits, and various tax credits. The purpose of this form is to reconcile a taxpayer's federal adjusted gross income with their income for Michigan state tax purposes.
This document is a Wisconsin Department of Revenue form for calculating underpayment of estimated taxes by individuals and fiduciaries. It contains instructions for taxpayers to calculate their required annual payment, estimated tax payments made, and any underpayment amount owed including interest. The form provides options to use the short method, regular method, or annualized income installment method to figure the underpayment.
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.
This document is the Michigan Department of Treasury Form MI-8453 for 2008. It contains sections for taxpayers to declare information about their state tax return that is being e-filed, including income amounts, taxes owed or refunded. The form requires signatures from the taxpayer and preparer to declare that the electronic return is true, correct and complete based on all information provided to them. Instructions are included for how to complete and submit the form if filing a state-only Michigan return separately from the federal return.
This document is a capital gains and losses schedule form for Wisconsin tax filers for the year 2008. It contains instructions and sections to report short-term and long-term capital gains and losses, and calculate amounts to carry over to the next tax year. Key sections include: Part I for short-term gains/losses, Part II for long-term gains/losses, Part III to summarize Parts I and II and determine amounts to report as income or deduct losses, and Part V to calculate capital loss amounts to carry over to 2009 if losses exceed the amount allowed as a deduction for 2008.
IT-272 Claim for College Tuition Credit or Itemized Deduction and instructionstaxman taxman
This document is a claim form for the New York State real property tax credit for homeowners and renters. It provides instructions for homeowners and renters to determine if they are eligible for the tax credit based on their household income and real property taxes or rent paid. The form guides filers through 6 steps: 1) entering identifying information; 2) determining eligibility; 3) calculating household gross income; 4) computing real property taxes or rent paid; 5) computing the credit amount; and 6) finishing the claim by signing, entering direct deposit information if not filing with a tax return, and mailing instructions.
This document provides instructions for completing Nebraska Form 2441N to claim a child and dependent care tax credit. It explains that the form should only be filed if federal adjusted gross income is $29,000 or less. The form collects information about care providers, qualifying dependents, expenses paid, earned income, and any dependent care benefits received in order to calculate the allowable credit amount.
This document is an Arizona property tax refund claim form for the year 2003. It provides instructions for homeowners and renters to claim a refund based on their property taxes paid or rent paid. The form collects information like name, address, income, property taxes or rent paid, and requests the applicant to check boxes to affirm they meet the qualifications like being an Arizona resident for all of 2003. It then calculates the refund amount and provides options to receive the refund via direct deposit or check.
This document provides instructions for completing Schedule M1M to report income additions and subtractions for Minnesota individual income tax. Key points:
- Lines 1-12 are additions to income that must be reported on line 3 of Form M1, such as interest from other states' bonds and certain federal deductions.
- Lines 14-28 are subtractions from income to be reported on line 8 of Form M1, such as military pay earned outside Minnesota.
- New in 2008: 80% of federal bonus depreciation must be added back on line 6 over 5 years; section 179 expensing differences may apply.
- Line 29 is now obsolete due to a law change eliminating Schedule M1
Instructions for Form 1120-L, , U.S. Life Insurance Company Income Tax Return taxman taxman
This document provides instructions for completing Form 1120-L, the U.S. Life Insurance Company Income Tax Return. It outlines who must file, definitions, when to file, where to file, who must sign, and specific line-by-line instructions for completing the form. It also provides information on new developments, extensions, penalties, accounting methods, and other general filing guidelines for life insurance companies.
This document is a Wisconsin capital gains and losses schedule for tax year 2008. It contains sections to report short-term capital gains and losses from assets held one year or less, long-term capital gains and losses from assets held more than one year, a summary of gains and losses, a computation of Wisconsin adjustments to income, and a computation of capital loss carryovers. The schedule is used to determine capital gains and losses for Wisconsin income tax purposes.
This document is an Alternative Minimum Tax form for 2008. It contains instructions for completing Schedule M1MT to determine if a taxpayer owes Minnesota Alternative Minimum Tax. Key details include:
- Schedule M1MT must be completed if the taxpayer owed federal Alternative Minimum Tax when filing their federal return.
- It calculates adjustments, additions, subtractions and deductions to adjusted gross income to determine if Minnesota Alternative Minimum Tax is owed.
- Line items include medical expenses, investment interest, charitable contributions and other items from the federal return.
- The schedule then determines the tax owed based on filing status and income thresholds and compares it to the regular tax from Form M1.
- If the Alternative Minimum Tax
1) This document provides instructions for calculating South Carolina state tax on lump-sum distributions from qualified retirement plans using form SC4972.
2) It allows taxpayers to choose either a capital gain election to be taxed at 3.92% or a 10-year tax option that spreads the taxable amount over 10 years.
3) The form guides taxpayers through calculating deductions for retirement income and age 65 or older, as well as determining tax rates and amounts owed.
This document provides instructions for a nonresident partner filing for a credit on their Minnesota state taxes. To be eligible, the nonresident must have: sold a partnership interest taxed by Minnesota in 2008, paid taxes on the gain to both Minnesota and their state of residence, filed a return with their state of residence, and their state of residence does not allow a credit for taxes paid to Minnesota. The schedule then provides a series of calculations to determine the amount of credit eligible based on the portion of federal adjusted gross income from the partnership gain and taxes paid to the state of residence.
This document is a Schedule M1MTC form for calculating the Minnesota alternative minimum tax credit for 2008. It contains instructions for completing the form.
The form has three parts:
1. Part 1 calculates the minimum tax credit generated by paying the Minnesota AMT in 2007 based on amounts from the 2007 tax forms.
2. Part 2 determines how much of the credit from Part 1 can be used to offset the 2008 tax liability, if any.
3. Part 3 shows any unused credit that can be carried forward to future years.
The credit is for individuals who paid Minnesota AMT in prior years but are not required to pay it for 2008. It allows them to use the previous A
nd1nr-enabled nd.gov tax indincome forms 2008taxman taxman
This document provides instructions for a North Dakota tax form for nonresidents and part-year residents to calculate their North Dakota tax liability. It explains who needs to complete the schedule and how to calculate income and deductions sourced to North Dakota. Line items include wages, business income, capital gains, pensions, rental income, and adjustments for student loan interest and moving expenses. The schedule is used to determine the portion of total federal adjusted gross income and deductions that relates to North Dakota and calculates the North Dakota tax amount.
This document is a Nebraska S Corporation Income Tax Return form for the 2008 tax year. It provides instructions and lines to report income, deductions, tax payments, and other information needed to calculate taxes owed or refunds due. Key details include: the business name and identification numbers, ordinary income and adjustments, percentages of ownership by resident and nonresident shareholders, income and tax amounts subject to withholding, tax deposited or owed/refunded, and options for a refund payment. Schedules are included to apportion income derived from both within and without Nebraska.
This document is a Nebraska S Corporation Income Tax Return form for the 2008 tax year. It provides lines for reporting ordinary income, Nebraska-specific adjustments that increase or decrease ordinary income, income apportioned to Nebraska, income subject to withholding for nonresident shareholders, withholding amounts, estimated tax payments, amounts due and refunds. Accompanying schedules are included for reporting income from both within and without Nebraska using apportionment factors. The form must be filed by S corporations operating in Nebraska and have the federal return and supporting schedules attached.
This document provides instructions for completing Schedule M1M, which is used to determine additions and subtractions to income for Minnesota tax purposes. Specifically:
- Schedule M1M is used to reconcile federal and state taxable income by adding items excluded from federal but taxed by Minnesota income, and subtracting items taxed federally but excluded from Minnesota income.
- Items listed include interest from other states' bonds, federally tax-exempt mutual fund dividends, capital gains, depreciation adjustments, and certain deductions.
- Line-by-line instructions are provided for completing the additions and subtractions sections of Schedule M1M based on amounts reported on the federal return and other considerations.
Schedule A for the IT-40PNR: Income, Proration & Adjustmentstaxman taxman
This document is an Indiana Schedule A form for nonresidents to report income and calculate the portion of income taxed by Indiana. It summarizes income from the federal return and allows the reporting of adjustments. The form includes sections to report income or loss by line item from the federal return in Columns A and B. Column B is for income taxed by Indiana. It also includes sections to report adjustments to income and calculate total income.
This document is an IT-215 form from the New York State Department of Taxation and Finance for claiming the earned income credit on a New York State tax return. It provides instructions for taxpayers to determine if they are eligible for the credit and how to calculate the amount. Key details include checking eligibility based on investment income, filing status, and whether the IRS calculated the federal earned income credit. There are sections to claim qualifying children, calculate the tentative state credit, and determine any refundable portion for part-year residents.
This document is a Nebraska Fiduciary Income Tax Return form for the 2008 tax year. It provides lines for an estate or trust to report income, deductions, credits, and tax owed or refunded. Schedules are included to calculate tax for nonresident estates/trusts and to report income and withholding for nonresident beneficiaries. The form also allows credits for taxes paid to other states.
This document is a tax form for non-resident or part-year residents of Utah. It includes fields to report income amounts for both Utah (Column A) and federal (Column B) tax returns. The form provides lines to enter amounts for various types of income, adjustments, and deductions. It then calculates the taxpayer's Utah tax obligation based on the percentage of their total income that was earned within Utah.
colorado.gov cms forms dor-tax CY104formtaxman taxman
1) This document is a Colorado individual income tax return form for the 2008 tax year. It includes sections to report income, deductions, tax owed or refund amount, and optional contributions to various state funds.
2) The form provides lines to enter federal taxable income and make state-specific additions and subtractions to calculate Colorado taxable income. It then uses a tax table to find the tax amount.
3) Other sections include credits, payments, amounts owed or refunded, and optional contributions that taxpayers can allocate to various state funds. Signing and mailing instructions are provided at the end.
The document is a Nebraska Net Operating Loss Worksheet used to compute losses incurred during tax years 1988 and after that can be carried back or forward. It contains instructions for nonresidents and partial-year residents to calculate the portion of the net operating loss derived from Nebraska sources. The worksheet has lines to adjust federal adjusted gross income, calculate Nebraska deductions, and determine various capital gains and losses to arrive at the Nebraska net operating loss amount.
The document is a Nebraska Net Operating Loss Worksheet used to compute losses incurred during tax years 1988 and after that can be carried back or forward. It contains instructions for nonresidents and partial-year residents to calculate the portion of the net operating loss derived from Nebraska sources. The worksheet has lines to adjust federal adjusted gross income, calculate Nebraska deductions, and determine various capital gains and losses to arrive at the Nebraska net operating loss amount.
This document is Form 6251 for calculating alternative minimum tax for individuals. It contains instructions for calculating alternative minimum taxable income by making adjustments to regular taxable income, such as adding back certain deductions and accounting for differences between regular and AMT depreciation. It then calculates tentative minimum tax by applying tax rates to alternative minimum taxable income and makes comparisons to regular tax to determine alternative minimum tax owed.
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 is a Nebraska S Corporation Income Tax Return form for the 2008 tax year. It provides lines to report income, deductions, tax payments, and refund amounts. It includes schedules to report income from both within and outside of Nebraska that require apportionment. Shareholders must be identified, including any nonresidents, and withholding amounts for nonresident shareholders are calculated. The form is used by S corporations to file their annual income tax return with the Nebraska Department of Revenue.
gov revenue formsandresources forms FID-3 fill-intaxman taxman
This document is a 2008 Montana income tax return for estates and trusts. It includes schedules for reporting income, deductions, distributions to beneficiaries, and tax calculations. The return shows interest, dividend, business, capital gain and other income. It allows for standard deductions and exemptions to be subtracted. The beneficiary schedule provides details on income distributions. The return then calculates tax liability and allows the filer to claim credits, payments and determine refund or amounts owed.
This document is Form 2210N for underpayment of estimated tax for the state of Nebraska. It provides instructions for calculating penalties for underpaying estimated quarterly income tax payments. The form has sections to calculate the required annual payment, quarterly installment amounts, amounts paid by each due date, and any underpayment amounts. It then provides sections to calculate penalties for underpayments based on the number of days the underpayment remained unpaid. There are also special instructions and calculations for farmers and ranchers with certain income sources.
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.
During the budget session of 2024-25, the finance minister, Nirmala Sitharaman, introduced the “solar Rooftop scheme,” also known as “PM Surya Ghar Muft Bijli Yojana.” It is a subsidy offered to those who wish to put up solar panels in their homes using domestic power systems. Additionally, adopting photovoltaic technology at home allows you to lower your monthly electricity expenses. Today in this blog we will talk all about what is the PM Surya Ghar Muft Bijli Yojana. How does it work? Who is eligible for this yojana and all the other things related to this scheme?
Cover Story - China's Investment Leader - Dr. Alyce SUmsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
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Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
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M1NR taxes.state.mn.us
1. Schedule M1NR
Sequence #8
Nonresidents/Part-Year Residents 2008
Your last name Social Security number Your residency Nonresident of Minnesota; Resident of (state)
status in 2008: Minnesota resident from to (mm/dd/yyyy)
Spouse’s last name Spouse’s Social Security number Spouse’s 2008 Nonresident of Minnesota; Resident of (state)
residency status: Minnesota resident from to (mm/dd/yyyy)
B. Minnesota portion
Read the instructions for this schedule, which are on a separate sheet. Before you can
complete this schedule, you must complete lines 1 through 13 of Form M1. A. Total amount (see instructions)
1 Wages, salaries, tips, etc. (from line 7 of federal
Form 1040 or 1040A or line 1 of Form 1040EZ) . . . . . . . . . . . . . . . . . . . . . 1
2 Taxable interest and ordinary dividend income (add lines 8a and 9a
of Form 1040 or 1040A or from line 2 of Form 1040EZ ) . . . . . . . . . . . . . . . 2
3 Business income or loss (from line 12 of Form 1040) . . . . . . . . . . . . . . . . . 3
4 Capital gain or loss (from line 13 of
4
Form 1040 or line 10 of Form 1040A) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 IRA distributions and pensions and annuities (add lines 15b and
5
16b of Form 1040, or lines 11b and 12b of Form 1040A) . . . . . . . . . . . . . .
Income
6 Net income from rents, royalties, partnerships, S corporations,
6
estates and trusts (from line 17 of Form 1040) . . . . . . . . . . . . . . . . . . . . .
7 Farm income or loss (from line 18 of Form 1040) . . . . . . . . . . . . . . . . . . . . 7
8 Other income (add lines 10, 11, 14, 19, 20b and 21 of Form 1040,
or lines 13 and 14b of Form 1040A, or from line 3 of 1040EZ) . . . . . . . . . . . 8
9 Interest and dividends from non-Minnesota state or municipal bonds
(add lines 1 and 2 of Schedule M1M) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10 Other additions required by Minnesota
(add lines 4–7, 10 and 12 of Schedule M1M) . . . . . . . . . . . . . . . . . . . . . . 10
11 Add lines 1 through 10 for each column . . . . . . . . . . . . . . . . . . . . . . . . . 11
If your Minnesota gross income is below the minimum filing requirement, see the
instructions under “Who must file” on how to complete the rest of this schedule.
12 Certain business expenses (from line 24 of Form 1040) . . . . . . . . . . . . . . 12
13 Self-employed SEP, SIMPLE and qualified plans and IRA deduction
(add lines 28 and 32 of Form 1040, or from line 17 of Form 1040A) . . . . . . 13
Deductions and subtractions
14 Health savings account and Archer MSA deductions (add line 25 of Form
1040 and the Archer MSA amount included on line 36 of Form 1040) . . . . . 14
15 Moving expenses (from line 26 of Form 1040) . . . . . . . . . . . . . . . . . . . . . 15
16 One-half of self-employment tax and self-employed health insurance
(add lines 27 and 29 of Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
17 Deductions for alimony paid and student loan interest
(add lines 31a and 33 of Form 1040 or from line 18 of Form 1040A) . . . . . 17
18 Penalty on early withdrawal of savings (from line 30 of Form 1040) . . . . . . 18
19 Other subtractions required by Minnesota
19
(add lines 15 and 16 of Schedule M1M) . . . . . . . . . . . . . . . . . . . . . . . . . .
20 Net U.S. bond interest (from line 6 of Form M1) and active military pay
20
received while a nonresident (from line 23 of Schedule M1M) . . . . . . . . . . . .
21 Job Opportunity Building Zone business and investment
21
income exemptions (from line 26 of Schedule M1M) . . . . . . . . . . . . . . . . . .
22 Add lines 12 through 21 for each column . . . . . . . . . . . . . . . . . . . . . . . . 22
23 Subtract line 22, column B, from line 11, column B. Enter here and on line 14a of Form
M1. If you’re below the filing requirement or the result is a negative amount, enter 0 . . . . . . . . . . . 23
Tax calculation
Stock No. 1008080 (Rev. 4/09)
24 Subtract line 22, column A, from line 11, column A.
Enter the result here and on line 14b of Form M1 . . . . . . . . . . . . . . . . . . 24
25 Divide line 23 by line 24, and enter the result as a decimal (carry to five
.
decimal places). If line 23 is more than line 24, enter 1.0. If line 23 is zero, enter 0 . . . . . . . . . . . 25
26 Amount from line 13 of Form M1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
27 Multiply line 25 by line 26. Enter the result here and on line 14 of Form M1 . . . . . . . . . . . . . . . . 27
You must include this schedule with Form M1. Also enter amounts from lines 23 and 24 of this schedule on lines 14a and 14b of Form M1.
2. Schedule M1NR Instructions 2008
Nonresidents/Part-Year Residents
Update April 2009 Line 2, column B
Be sure to enter the appropriate amounts
from your Schedule M1NR on lines 14a, 14b
A bill signed into law on April 3, 2009, Interest and ordinary dividend income
and 14 of Form M1 and include the schedule
requires the federal deductions for college Include the interest and dividends you
when you file your return.
tuition and fees and for educator expenses earned (or credited to your account) while
to be added back to Minnesota taxable you were a Minnesota resident.
If you were a resident of Michigan,
income. See line 10 of Schedule M1NR. North Dakota or Wisconsin for all of Do not include any interest or mutual fund
2008, do not complete this schedule if your dividends you received from U.S. bonds.
only Minnesota source income is exempt
What’s new? due to reciprocity (see page 5 of the M1 in-
Line 3, column B
You are required to include, as Minnesota structions). Complete Schedule M1NR only
Business income (loss)
source income, wages received for work per- if you received income from sources in Min-
formed while a Minnesota resident but de- nesota that does not qualify under reciproc- Include net business income or loss incurred
ferred to a year when you were a nonresident. ity. (Income that qualifies for reciprocity while a Minnesota resident, and amounts
Include this income on line 1, column B. includes wages, salaries, tips, commissions, from Minnesota sources earned while a
bonuses, fees and similar compensation for nonresident. Be sure to include income you
Who must file work performed in Minnesota.) received from operating a qualified business
If you were a nonresident or part-year Min- in a Job Opportunity Building Zone (JOBZ)
Column A instructions
nesota resident in 2008, you may reduce in Minnesota.
your Minnesota tax by completing Schedule Round amounts to the nearest whole dollar.
Do not include income from personal or
M1NR. To determine if you are a full-year
Enter the appropriate amount from your professional service performed in Minnesota
resident, part-year resident or nonresident
2008 federal or Minnesota income tax return, while a resident of Michigan, North Dakota
for tax purposes, see Fact Sheet 1, Residency.
as instructed for each line. or Wisconsin.
You must file a Minnesota Form M1 and
Column B instructions
Schedule M1NR, if you and your spouse
Line 4, column B
Round amounts to the nearest whole dollar.
received gross income assignable to Min-
Capital gain (loss)
nesota of $8,950 or more, including income Assign income or expenses to Minnesota ac- Include net capital gain or loss received while
passed through to you from all fiduciaries cording to the following instructions. How- a Minnesota resident, and net capital gain or
(line 18 of Schedule KF), partnerships (line ever, if you are a partner or a shareholder, loss from Minnesota sources received while a
17 of Schedule KPI), and S corporations (line enter the amounts from the Schedule KPI nonresident. Also include gains you received
17 of Schedule KS). or KS and follow the instructions with that from the sale or exchange of real or tangible
schedule.
Gross income is income before any deduc- personal property used by a qualified busi-
tions and expenses. Gross income does not ness located in a JOBZ zone.
Line 1, column B
include military pay to the extent that you
Nonresidents: If you sold a partnership
can subtract it.
Wages, salaries, tips, etc. interest and the gain was taxable to Min-
If you are married and one spouse is a Min- Include wages, salaries and tips, commissions nesota and to your home state, see Schedule
nesota resident, you must file a joint Min- and bonuses received while a Minnesota resi- M1CRN.
nesota return if you are filing a joint federal dent. For nonresidents, include the amounts
return. Be sure to include Schedule M1NR received from work performed in Minnesota
Line 5, column B
when you file your return. while a nonresident, including amounts
IRA distributions and pensions and
earned in a prior year but received in 2008.
If your Minnesota gross income is
annuities
below the minimum filing requirement Do not include on line 1, column B: Include IRA distributions and pension and
(less than $8,950), and you had tax • Minnesota income earned while a resident annuity payments received while a Minne-
withheld or paid estimated tax, follow the of Michigan, Wisconsin or North Dakota sota resident.
steps below to complete your Schedule that is covered under a reciprocity agree-
M1NR: ment, or Line 6, column B
1 Complete lines 1–11 of Schedule M1NR. • military pay received while a nonresident Net income from rents, royalties, part-
(from line 23 of Schedule M1M).
2 Skip lines 12–22. nerships, S corporations, estates and
trusts
3 Enter a zero on line 23.
Include income or loss reported on federal
4 Enter the amount from line 11, column A,
Schedule E from rents, royalties, partner-
on line 24.
ships, S corporations, estates and trusts
5 Then complete the rest of the schedule.
Continued
Stock No. 1508080 (Rev 4/09)
3. Line 17, column B
recognized while a Minnesota resident, and other earned income, plus all taxable ali-
amounts from Minnesota sources recognized mony received. Subtract deductible Keogh Deductions for alimony paid and stu-
while a nonresident. contributions and self-employment tax dent loan interest
deductions (Schedule SE) from that total. Part-year residents: Add the following items
Line 7, column B and enter the same total on line 17, column
If your spouse also worked, determine the
A and column B:
Farm income (loss) spousal deduction in the same way. Use
Include net farm income or loss incurred only your spouse’s earned income plus • alimony paid while a Minnesota resident
while a resident, and amounts from a Min- your spouse’s federal IRA, SEP or SIMPLE included on line 31a of Form 1040, and
nesota farm while a nonresident. plan deduction.
• the portion of federal student loan interest
deduction (from line 33 of Form 1040 or
Line 8, column B Line 14, column B line 18 of Form 1040A) that represents
Other income Health savings account and Archer interest paid while a Minnesota resident.
Include other income you received while a MSA deductions
Nonresidents: Enter zero on line 17, column
Minnesota resident and amounts from lines Add your health savings account deduction
A and column B.
14 and 21 of Form 1040 you received from from line 25 of Form 1040 and the Archer
Minnesota sources while a nonresident. (In- MSA deduction included on line 36 of Form
Line 18, column B
clude all Minnesota gambling winnings.) 1040. Multiply the result by the percentage
your Minnesota earned income is to your Penalty on early withdrawal of savings
Line 9, column B federal earned income. Enter the penalty on early withdrawal you
paid while a Minnesota resident.
Interest and dividends from non-Minne- For purposes of this deduction only, earned
sota state or municipal bonds income includes wages, self-employment
Line 20, column B
Include the interest and dividends you income and all other earned income, plus all
earned from non-Minnesota state or munici- taxable alimony received. Net U.S. bond interest and active duty
pal bonds while a Minnesota resident. military pay received by a nonresident
Line 15, column B The net amount of U.S. bond interest and
Line 10, column B active duty military pay received as a nonresi-
Moving expenses
dent are not included in column B of lines 1
Other additions required by Minnesota Include moving expenses paid while a Min-
or 2. Therefore, there is no need for you to
Include on line 10 the additions from lines 4 nesota resident or that were attributable to a
subtract these amounts on line 20, column B.
through 7, 10 and 12 of your Schedule M1M move into Minnesota.
that are attributable to income not taxable
Line 21
to Minnesota earned while a Minnesota
Line 16, column B
resident or from Minnesota sources earned JOBZ income subtractions
Self-employment tax and
while a nonresident. Enter the JOBZ zone income you were able
self-employed health insurance
to subtract on your Form M1 in both col-
Follow the steps below:
Line 12, column B umns A and B.
1 Multiply line 27 of Form 1040 by
Certain business expenses
the percentage that your Minne-
Line 25
Include any business expenses paid while a
sota self-employment income is
Minnesota resident and from income earned The result on line 25 is the percentage of
to your total self-employment
as a performing artist or fee-basis govern- Minnesota income to federal income.
income. (Total self-employment
ment official that you earned in Minnesota
income is the sum of lines 1a, 1b and 2
while a nonresident.
of federal Schedule SE.) The result
If you are a member of the Reserves or is your Minnesota self-employ-
National Guard, include any travel expenses ment tax deduction . . . . . . . . . . .
paid while a resident and for meetings in 2 Determine the amount you received
Minnesota while a nonresident. from self-employment in Minne-
sota that is included on line 2 of
Line 13, column B the worksheet for line 29 of Form
1040 (or line 13 of the worksheet
Pension plans
found in Publication 535) . . . . . .
To determine your:
3 Divide step 2 by line 2 of the
• Minnesota Keogh deduction: Multiply your
worksheet (or line 13 of the
federal Keogh deduction by the percentage
worksheet found in Publica-
you determined in step 1 of line 16.
tion 535) . . . . . . . . . . . . . . . . . . . .
• Minnesota IRA, SEP or SIMPLE plan de-
4 Multiply line 29 of Form 1040
duction: Multiply your federal deduction
by step 3. The result is your
by the percentage your Minnesota earned
Minnesota self-employed health
income is to your federal earned income
insurance deduction. . . . . . . . . . .
(without lowering your wages by self-
employment losses). For purposes of this 5 Add step 1 and step 4 . . . . . . . . . .
deduction only, earned income includes
Enter the result from step 5 on line 16,
wages, self-employment income and all
column B.