The document provides information about tax laws and credits for Idaho residents for 2008. Key points include:
1) A new federal law allows non-itemizers an additional standard deduction for real property taxes up to $500 ($1,000 for joint filers) for 2008. Idaho had not yet conformed to this provision.
2) The grocery credit for Idaho residents was increased to $30-$50 per exemption depending on taxable income.
3) Idaho conforms to various federal tax law changes from 2008 including increased bonus depreciation and Section 179 deductions.
4) Forms and requirements are provided for residents, nonresidents, part-year residents, and military personnel regarding which Idaho
Form 1040-ES Estimated Tax for Individuals taxman taxman
This document provides guidance on estimated tax payments for 2009. It notes that the American Recovery and Reinvestment Act of 2009 made several changes that could affect estimated tax calculations, including changes to deductions, credits, exemption amounts, and other tax provisions. It directs taxpayers to refer to IRS Publication 505 for additional information on items affected by these changes. The document then provides an overview of estimated tax payment requirements and guidelines on how to calculate estimated tax using the 2009 Estimated Tax Worksheet and Tax Rate Schedules.
In this webinar, you'll learn everything you need to know to file your US expat taxes in 2021. We'll cover how Coronavirus stimulus checks affect your taxes, this year's deadlines and extensions, how to check if you qualified for expat tax credits, and more.
What You Will Learn:
- Expat tax requirements and what you need to file
- What Coronavirus stimulus checks mean for your taxes - and how to claim tax credits for any payments you missed
- The top tax credits and exclusions for expats in 2021
- How you may be able to qualify for the FEIE if you had to return to the US during the pandemic
- Important tax deadlines and extensions for Americans living abroad
- What first-time expat filers need to know—including how to file late tax returns penalty-free!
400-es-enabled nd.gov tax indincome forms 2008 taxman taxman
The document provides instructions for calculating and paying North Dakota estimated income tax for individuals in 2009. It explains who must pay estimated tax, how to determine the amount due, and payment amounts and due dates. The document also provides North Dakota income tax rate schedules and contact information for the North Dakota Office of State Tax Commissioner.
This document provides an overview of Chapter 3 and its exhibits on individual taxation. It includes 15 exhibits that cover topics such as the federal tax formula, definitions of gross income and adjusted gross income, personal and dependency exemptions, standard deductions, itemized deductions, filing status requirements, tax rates and schedules, self-employment taxes, and special rules for dependents. The exhibits provide definitions, examples, and criteria for key concepts in individual income taxation.
colorado.gov cms forms dor-tax CY104insttaxman taxman
This document provides information about taxpayer assistance services available from the Colorado Department of Revenue. It lists several options for taxpayers to get tax information and assistance, including a tax information call center, walk-in assistance at several locations, online customer support, and forms and information available online. It also provides instructions for completing Colorado income tax form 104, including explaining how to determine Colorado taxable income and additions or subtractions allowed on the form.
In general terms, this is one of the most frequent questions we get from prospective clients. So then, How do you file US tax returns while in Canada?
The first question we need to ask is whether you’re actually required to file US tax returns. Generally speaking, US citizens and Green Card holders are required to file US tax returns regardless of where they live. Therefore Americans living in Canada, whether they’ve recently moved to Canada or have been in the country their entire lives are required to file US tax returns in addition to their regular Canadian tax returns.
This document provides instructions and a summary for an individual's 2005 U.S. federal income tax return. It shows the taxpayer's adjusted gross income as $68,628, taxable income as $60,428, total tax as $11,767, and total payments as $12,566 resulting in a refund of $799. It includes instructions for filing electronically or by mail and attachments to include with the filed return.
This document provides filing instructions for mailing in a 2006 federal tax return. It includes:
- What to include with the return - the signed Form 1040 and copies of Forms W-2.
- Where to mail the return - the Internal Revenue Service Center in Austin, TX by April 17, 2007.
- What to keep for records - a copy of the return and these filing instructions.
Form 1040-ES Estimated Tax for Individuals taxman taxman
This document provides guidance on estimated tax payments for 2009. It notes that the American Recovery and Reinvestment Act of 2009 made several changes that could affect estimated tax calculations, including changes to deductions, credits, exemption amounts, and other tax provisions. It directs taxpayers to refer to IRS Publication 505 for additional information on items affected by these changes. The document then provides an overview of estimated tax payment requirements and guidelines on how to calculate estimated tax using the 2009 Estimated Tax Worksheet and Tax Rate Schedules.
In this webinar, you'll learn everything you need to know to file your US expat taxes in 2021. We'll cover how Coronavirus stimulus checks affect your taxes, this year's deadlines and extensions, how to check if you qualified for expat tax credits, and more.
What You Will Learn:
- Expat tax requirements and what you need to file
- What Coronavirus stimulus checks mean for your taxes - and how to claim tax credits for any payments you missed
- The top tax credits and exclusions for expats in 2021
- How you may be able to qualify for the FEIE if you had to return to the US during the pandemic
- Important tax deadlines and extensions for Americans living abroad
- What first-time expat filers need to know—including how to file late tax returns penalty-free!
400-es-enabled nd.gov tax indincome forms 2008 taxman taxman
The document provides instructions for calculating and paying North Dakota estimated income tax for individuals in 2009. It explains who must pay estimated tax, how to determine the amount due, and payment amounts and due dates. The document also provides North Dakota income tax rate schedules and contact information for the North Dakota Office of State Tax Commissioner.
This document provides an overview of Chapter 3 and its exhibits on individual taxation. It includes 15 exhibits that cover topics such as the federal tax formula, definitions of gross income and adjusted gross income, personal and dependency exemptions, standard deductions, itemized deductions, filing status requirements, tax rates and schedules, self-employment taxes, and special rules for dependents. The exhibits provide definitions, examples, and criteria for key concepts in individual income taxation.
colorado.gov cms forms dor-tax CY104insttaxman taxman
This document provides information about taxpayer assistance services available from the Colorado Department of Revenue. It lists several options for taxpayers to get tax information and assistance, including a tax information call center, walk-in assistance at several locations, online customer support, and forms and information available online. It also provides instructions for completing Colorado income tax form 104, including explaining how to determine Colorado taxable income and additions or subtractions allowed on the form.
In general terms, this is one of the most frequent questions we get from prospective clients. So then, How do you file US tax returns while in Canada?
The first question we need to ask is whether you’re actually required to file US tax returns. Generally speaking, US citizens and Green Card holders are required to file US tax returns regardless of where they live. Therefore Americans living in Canada, whether they’ve recently moved to Canada or have been in the country their entire lives are required to file US tax returns in addition to their regular Canadian tax returns.
This document provides instructions and a summary for an individual's 2005 U.S. federal income tax return. It shows the taxpayer's adjusted gross income as $68,628, taxable income as $60,428, total tax as $11,767, and total payments as $12,566 resulting in a refund of $799. It includes instructions for filing electronically or by mail and attachments to include with the filed return.
This document provides filing instructions for mailing in a 2006 federal tax return. It includes:
- What to include with the return - the signed Form 1040 and copies of Forms W-2.
- Where to mail the return - the Internal Revenue Service Center in Austin, TX by April 17, 2007.
- What to keep for records - a copy of the return and these filing instructions.
The document discusses imputing income for child and spousal support purposes. It defines imputed income and outlines relevant sections of the Child Support Guidelines for determining a spouse's income, including imputing income from employment, corporations, capital gains, and non-productive assets. The document then analyzes tax return information for "Mr. H" and identifies several sources of income that could potentially be imputed based on additional information obtained, including employment income, foreign pensions, dividends, capital gains, rental properties, and non-productive assets.
Big John, a U.S. citizen living in the Philippines, must file several IRS forms to report his foreign income and bank accounts. These include Form 1040 to report worldwide income, as well as FBAR and FATCA forms to disclose foreign bank accounts and financial assets. Failure to file these informational forms can result in penalties from the IRS, even if no tax is due. The presentation provides examples and thresholds for when these various forms are required.
Form 1040-ES (NR) U.S. Estimated Tax for Nonresident Alien Individuals taxman taxman
This document provides information for nonresident alien individuals on paying estimated taxes for 2009, including:
1) Key dates for estimated tax payments in four equal installments on April 15, June 15, September 15, 2009 and January 15, 2010.
2) Changes from 2008 including expanded IRA deductions, increased child tax credit threshold, and revisions to the definition of a qualifying child.
3) Instructions on how to calculate estimated tax using the 2009 Estimated Tax Worksheet and Tax Rate Schedules.
Cecil Nazareth, CPA: International Tax Planning & Update 2019Nazareth CPAs
Cecil Nazareth, CPA (www.nazarethcpas.com) deconstructs international tax planning issues at the New York State Society of CPAs (live session and webinar) in NYC.
This document is an IRS Form W-9 used to request a taxpayer identification number from an individual or entity. It consists of two parts: Part I requests the taxpayer ID number and certification, and Part II requires certification under penalty of perjury. The form provides instructions on when it should be used, who qualifies as a U.S. person, and exemptions from backup withholding. It is used by persons making certain payments to obtain correct taxpayer ID numbers to avoid backup withholding requirements.
[ShopTapNham.Com] được thành lập từ năm 2008 và cũng là hệ thống cửa hàng online đầu tiên tại Đà Nẵng với phương châm " Uy Tín Luôn bán với giá thấp nhất" chung tôi cam kết sẽ mang lại cho khách hàng sản phẩm thời trang chất lượng đảm bảo và chi phi thấp
Địa chỉ cửa hàng: 83 Hoàng Diệu - Đà Nẵng
Điện thoại: 0905.606.608
Email: sell@shoptapnham.com - Website: www.shoptapnham.com
The document provides instructions for filing a 2008 South Carolina individual income tax return (SC1040). Key details include:
- The due date for filing is April 15, 2009 and the deadline to claim a refund is April 15, 2012.
- Taxpayers must complete their federal return before beginning the state return as the federal return provides needed information.
- Forms and schedules used on the federal return like Schedules C, D, E and F must be attached to the state return.
- Filing status, exemptions, and income amounts should match what was reported on the federal return.
The document provides information about the tax credit for first-time home buyers authorized by the American Recovery and Reinvestment Act of 2009. It defines eligible home buyers as those who have not owned a principal residence in the last three years. The tax credit is worth up to $8,000 for home purchases from January 1 to November 30, 2009, with the amount determined as 10% of the home's purchase price. The credit phases out for single filers with incomes over $75,000 and joint filers over $150,000.
ICAI - Presentation on Triangular Cases under DTAA - 29.04.2012P P Shah & Associates
This document provides an overview of triangular cases under double taxation agreements. It defines triangular cases as situations involving three or more states in a transaction. There are two types of triangular cases: Type I involves a permanent establishment earning income in a third state, and Type II involves an enterprise being a resident of more than two states. The document analyzes various scenarios under the different types of triangular cases and provides examples to illustrate the application of tax treaties and availability of foreign tax credits in the residence, permanent establishment, and source states.
1. This document provides instructions for making Arizona estimated income tax payments for 2002. It explains who must make estimated payments, how to calculate payment amounts, and payment due dates.
2. Taxpayers who had Arizona gross income over $150,000 ($75,000 for individuals) in 2001 must make estimated payments in 2002 unless their 2002 income will be lower. Payments are due in four equal installments by April 15, June 17, September 16, and January 15 of the following year.
3. Farmers, fishermen, and nonresident aliens have alternative estimated payment schedules with fewer required installments. Voluntary payments can also be made by those not otherwise required to pay estimated taxes.
Thanks to Ulster Savings Bank for hosting this event, guest speaker Jonathan Gudema of Planned Giving Advisors and to all of our participants for joining us to learn more about the impact of the new tax law on charitable giving.
Big John, a U.S. citizen living in the Philippines, must file several IRS forms to report his foreign income and bank accounts. These include Form 1040 to report worldwide income to the IRS. He may also need to file Form 1116 if he paid foreign taxes, and Forms 3520 or 3520-A to report any foreign trusts or corporations he has an interest in. Big John must file an FBAR if he has over $10,000 in foreign bank accounts, and may need to report foreign accounts under FATCA as well. Failure to file these informational forms can result in penalties from the IRS.
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.
A certified tax preparer has several advantages over a non-certified preparer. Certified preparers must be licensed and work for companies that provide support during audits. They understand itemization better to maximize deductions and ensure accurate tax filings. Certified preparers also stay up to date on tax credits and refund options individuals may be entitled to but unaware of. Using a certified preparer reduces audit and filing risks compared to non-certified or self-preparation.
International Taxation – US Citizen and Green Card Holder (Resident Alien)Smart Accountants
With the Tax Season shaking the entire industry, only something valuable should divert your attention. And believe us when we say that our webinar series, which covers a variety of highly engaging topics around U.S Taxation is exactly what you should be focusing on!
Form 1040ES*-Estimated Tax for Individuals taxman taxman
This document provides guidance on estimating taxes for 2009 due to changes made by the American Recovery and Reinvestment Act of 2009. It lists several items that may affect tax calculations including differential wage payments, unemployment compensation, economic recovery payments, education credits, homebuyer credits, and more. It also provides information on standard deductions for 2009 filing statuses and increases for elderly or blind taxpayers. The document aims to help taxpayers determine if they need to make estimated tax payments and how to do so.
This document provides information about tax considerations for Canadian snowbirds traveling to the United States. It discusses how snowbirds can be considered non-resident aliens or resident aliens by the IRS depending on their length of stay and ties to the US. It notes that both Canada and the US tax worldwide income based on residency, so snowbirds need to be careful not to be deemed residents of both countries. The document also outlines the substantial presence test and closer connection exemption that determine residency status, and lists various social, economic, and personal ties that are considered for the closer connection test. Finally, it discusses the US estate tax implications for non-residents based on their US situs property holdings.
PPP Round 2 and PPP Round 1 Forgiveness Review
An analysis of the newly passed laws revitalizing the Paycheck Protection Program and approving a Second Draw.
(c) Donaldson Legal Counseling PLLC 2021 All Rights Reserved
Current information as of 1/7/2021
This is not legal advice. For legal advising consult an attorney.
The document discusses different types of business entities including sole proprietorships, C-corporations, S-corporations, partnerships, and limited liability companies. It provides an overview of the legal and tax considerations for each entity type, such as formation requirements, tax treatment, advantages, and disadvantages. The document also includes examples analyzing reasonable compensation and partnership tax issues.
This document provides instructions for claiming a subtraction or credit on an Oregon tax return for repaying income that was previously reported as taxable. It outlines two scenarios: 1) If claiming the repayment lowers your current year tax by the same amount as the prior year, you can claim either a subtraction or credit. 2) If claiming as a subtraction provides a greater benefit, you can do so if you claimed the repayment as a federal credit. Otherwise claim the repayment as an Oregon credit. Step-by-step worksheets are provided to calculate the appropriate approach.
The Kansas Department of Revenue is introducing a new Form K-4 for calculating Kansas state income tax withholding starting in 2008, as the federal Form W-4 differs from state withholding policies. Employees hired after January 1, 2008 must use the new Form K-4, while current employees can continue using the old form or switch to the new one if adjusting withholding. The document provides details on the new form and who must use it, as well as contact information for taxpayers with additional questions.
The document discusses imputing income for child and spousal support purposes. It defines imputed income and outlines relevant sections of the Child Support Guidelines for determining a spouse's income, including imputing income from employment, corporations, capital gains, and non-productive assets. The document then analyzes tax return information for "Mr. H" and identifies several sources of income that could potentially be imputed based on additional information obtained, including employment income, foreign pensions, dividends, capital gains, rental properties, and non-productive assets.
Big John, a U.S. citizen living in the Philippines, must file several IRS forms to report his foreign income and bank accounts. These include Form 1040 to report worldwide income, as well as FBAR and FATCA forms to disclose foreign bank accounts and financial assets. Failure to file these informational forms can result in penalties from the IRS, even if no tax is due. The presentation provides examples and thresholds for when these various forms are required.
Form 1040-ES (NR) U.S. Estimated Tax for Nonresident Alien Individuals taxman taxman
This document provides information for nonresident alien individuals on paying estimated taxes for 2009, including:
1) Key dates for estimated tax payments in four equal installments on April 15, June 15, September 15, 2009 and January 15, 2010.
2) Changes from 2008 including expanded IRA deductions, increased child tax credit threshold, and revisions to the definition of a qualifying child.
3) Instructions on how to calculate estimated tax using the 2009 Estimated Tax Worksheet and Tax Rate Schedules.
Cecil Nazareth, CPA: International Tax Planning & Update 2019Nazareth CPAs
Cecil Nazareth, CPA (www.nazarethcpas.com) deconstructs international tax planning issues at the New York State Society of CPAs (live session and webinar) in NYC.
This document is an IRS Form W-9 used to request a taxpayer identification number from an individual or entity. It consists of two parts: Part I requests the taxpayer ID number and certification, and Part II requires certification under penalty of perjury. The form provides instructions on when it should be used, who qualifies as a U.S. person, and exemptions from backup withholding. It is used by persons making certain payments to obtain correct taxpayer ID numbers to avoid backup withholding requirements.
[ShopTapNham.Com] được thành lập từ năm 2008 và cũng là hệ thống cửa hàng online đầu tiên tại Đà Nẵng với phương châm " Uy Tín Luôn bán với giá thấp nhất" chung tôi cam kết sẽ mang lại cho khách hàng sản phẩm thời trang chất lượng đảm bảo và chi phi thấp
Địa chỉ cửa hàng: 83 Hoàng Diệu - Đà Nẵng
Điện thoại: 0905.606.608
Email: sell@shoptapnham.com - Website: www.shoptapnham.com
The document provides instructions for filing a 2008 South Carolina individual income tax return (SC1040). Key details include:
- The due date for filing is April 15, 2009 and the deadline to claim a refund is April 15, 2012.
- Taxpayers must complete their federal return before beginning the state return as the federal return provides needed information.
- Forms and schedules used on the federal return like Schedules C, D, E and F must be attached to the state return.
- Filing status, exemptions, and income amounts should match what was reported on the federal return.
The document provides information about the tax credit for first-time home buyers authorized by the American Recovery and Reinvestment Act of 2009. It defines eligible home buyers as those who have not owned a principal residence in the last three years. The tax credit is worth up to $8,000 for home purchases from January 1 to November 30, 2009, with the amount determined as 10% of the home's purchase price. The credit phases out for single filers with incomes over $75,000 and joint filers over $150,000.
ICAI - Presentation on Triangular Cases under DTAA - 29.04.2012P P Shah & Associates
This document provides an overview of triangular cases under double taxation agreements. It defines triangular cases as situations involving three or more states in a transaction. There are two types of triangular cases: Type I involves a permanent establishment earning income in a third state, and Type II involves an enterprise being a resident of more than two states. The document analyzes various scenarios under the different types of triangular cases and provides examples to illustrate the application of tax treaties and availability of foreign tax credits in the residence, permanent establishment, and source states.
1. This document provides instructions for making Arizona estimated income tax payments for 2002. It explains who must make estimated payments, how to calculate payment amounts, and payment due dates.
2. Taxpayers who had Arizona gross income over $150,000 ($75,000 for individuals) in 2001 must make estimated payments in 2002 unless their 2002 income will be lower. Payments are due in four equal installments by April 15, June 17, September 16, and January 15 of the following year.
3. Farmers, fishermen, and nonresident aliens have alternative estimated payment schedules with fewer required installments. Voluntary payments can also be made by those not otherwise required to pay estimated taxes.
Thanks to Ulster Savings Bank for hosting this event, guest speaker Jonathan Gudema of Planned Giving Advisors and to all of our participants for joining us to learn more about the impact of the new tax law on charitable giving.
Big John, a U.S. citizen living in the Philippines, must file several IRS forms to report his foreign income and bank accounts. These include Form 1040 to report worldwide income to the IRS. He may also need to file Form 1116 if he paid foreign taxes, and Forms 3520 or 3520-A to report any foreign trusts or corporations he has an interest in. Big John must file an FBAR if he has over $10,000 in foreign bank accounts, and may need to report foreign accounts under FATCA as well. Failure to file these informational forms can result in penalties from the IRS.
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.
A certified tax preparer has several advantages over a non-certified preparer. Certified preparers must be licensed and work for companies that provide support during audits. They understand itemization better to maximize deductions and ensure accurate tax filings. Certified preparers also stay up to date on tax credits and refund options individuals may be entitled to but unaware of. Using a certified preparer reduces audit and filing risks compared to non-certified or self-preparation.
International Taxation – US Citizen and Green Card Holder (Resident Alien)Smart Accountants
With the Tax Season shaking the entire industry, only something valuable should divert your attention. And believe us when we say that our webinar series, which covers a variety of highly engaging topics around U.S Taxation is exactly what you should be focusing on!
Form 1040ES*-Estimated Tax for Individuals taxman taxman
This document provides guidance on estimating taxes for 2009 due to changes made by the American Recovery and Reinvestment Act of 2009. It lists several items that may affect tax calculations including differential wage payments, unemployment compensation, economic recovery payments, education credits, homebuyer credits, and more. It also provides information on standard deductions for 2009 filing statuses and increases for elderly or blind taxpayers. The document aims to help taxpayers determine if they need to make estimated tax payments and how to do so.
This document provides information about tax considerations for Canadian snowbirds traveling to the United States. It discusses how snowbirds can be considered non-resident aliens or resident aliens by the IRS depending on their length of stay and ties to the US. It notes that both Canada and the US tax worldwide income based on residency, so snowbirds need to be careful not to be deemed residents of both countries. The document also outlines the substantial presence test and closer connection exemption that determine residency status, and lists various social, economic, and personal ties that are considered for the closer connection test. Finally, it discusses the US estate tax implications for non-residents based on their US situs property holdings.
PPP Round 2 and PPP Round 1 Forgiveness Review
An analysis of the newly passed laws revitalizing the Paycheck Protection Program and approving a Second Draw.
(c) Donaldson Legal Counseling PLLC 2021 All Rights Reserved
Current information as of 1/7/2021
This is not legal advice. For legal advising consult an attorney.
The document discusses different types of business entities including sole proprietorships, C-corporations, S-corporations, partnerships, and limited liability companies. It provides an overview of the legal and tax considerations for each entity type, such as formation requirements, tax treatment, advantages, and disadvantages. The document also includes examples analyzing reasonable compensation and partnership tax issues.
This document provides instructions for claiming a subtraction or credit on an Oregon tax return for repaying income that was previously reported as taxable. It outlines two scenarios: 1) If claiming the repayment lowers your current year tax by the same amount as the prior year, you can claim either a subtraction or credit. 2) If claiming as a subtraction provides a greater benefit, you can do so if you claimed the repayment as a federal credit. Otherwise claim the repayment as an Oregon credit. Step-by-step worksheets are provided to calculate the appropriate approach.
The Kansas Department of Revenue is introducing a new Form K-4 for calculating Kansas state income tax withholding starting in 2008, as the federal Form W-4 differs from state withholding policies. Employees hired after January 1, 2008 must use the new Form K-4, while current employees can continue using the old form or switch to the new one if adjusting withholding. The document provides details on the new form and who must use it, as well as contact information for taxpayers with additional questions.
The document provides an overview of filing US federal taxes, including determining tax residence status, available credits and deductions, social security numbers, foreign income reporting, retirement plans, and health savings accounts. It notes important details like tax law changes, eligibility for the foreign tax credit, and reporting capital gains from foreign property sales. Filers are advised to disclose all relevant tax information to their preparer and try to work with someone available year-round.
The document discusses the details of the $8,000 first-time homebuyer tax credit available for home purchases from January 1, 2009 to November 30, 2009. It provides answers to frequently asked questions about eligibility requirements, how the credit is applied, income limitations, repayment rules, and examples of how the credit affects tax refunds for different situations. The credit can reduce a homebuyer's tax liability dollar-for-dollar or provide a refund if their liability is less than $8,000.
In this webinar, you learn all the tax breaks available to digital nomads and how you can qualify for each of them. We'll also review digital nomad tax basics for those who are new to filing taxes abroad or considering a move.
What You Will Learn:
- Digital nomad tax requirements and deadlines (if you're new to living abroad, some may surprise you!)
- The most popular tax exclusions, credits, and deductions for digital nomads
- Tax breaks for self-employed digital nomads
- How your location affects your taxes - and where to find tax havens to maximize savings!
- Common tax challenges for digital nomads and how to overcome them
US Expat Tax Documents Made Easy - by Greenback Expat Tax Servicesdavidmckeegan
Knowing which tax documents you need and gathering them early is one of the top ways to save time and frustration when filing your US expat taxes while living abroad.
Learn about the most common expat tax documents, where to find them, and how to navigate foreign documents during this webinar.
Top 5 strategies to keep your profits in your pocketTim Miron
The document provides strategies for reducing taxes through effective tax planning, income splitting, and hybrid expenses. The top 5 strategies discussed are: 1) Effective tax planning through incorporation, holding companies, retirement planning, life insurance, and SRED credits. 2) Income splitting using salaries, dividends, property payments, family trusts, and multiple corporations. 3) Hybrid expenses such as home office, automobile, cell phones, and medical expenses. Specific tax savings examples are provided for many of these strategies.
Knowing which tax documents you need and gathering them early is one of the top ways to save time and frustration when filing your US expat taxes from abroad.
Learn about the most common expat tax documents, where to find them, and how to navigate foreign documents during this webinar.
The document provides a summary of major taxes for individuals moving or living in South Carolina, including income tax, property tax, sales tax, and other taxes. It outlines tax rates and brackets, deductions, credits, exemptions, and requirements for filing returns. Key points covered are South Carolina's simplified income tax structure following federal law, various deductions for retirement income, capital gains, tuition costs, and more.
This document provides instructions for calculating and paying New Jersey estimated income taxes. It explains that estimated tax payments are required if total estimated tax exceeds $400. It provides guidance on determining estimated taxable income, applicable exemptions and deductions, and calculating the amount of required quarterly installments. The document includes worksheets to help calculate estimated tax and determines the amount due for each payment period to avoid penalties for underpayment.
Setting up a company in the USA as a Non-Resident (IT Industry)Smart Accountants
With the Tax Season shaking the entire industry, only something valuable should divert your attention. And believe us when we say that our webinar series, which covers a variety of highly engaging topics around U.S Taxation is exactly what you should be focusing on!
Read through these slides if you want to learn:
1. How to boost your take home pay
2. How to choose the right tax filing status
3. That there's no escaping Uncle Sam on earned income
4. The standard deduction may be enough
5. All earned income is not taxed equally
6. How to take advantage of the child tax and dependent care tax credits
7. Don’t forget incentives designed to offset higher education costs
8. Financial literacy resources are at your fingertips
-
PRA Group's Damon DeSue presented these '8 tips to know about taxes" at West Virginia University's financial literacy event.
This document summarizes key legal considerations for startups presented by Roger Royse of Haynes and Boone LLP. It addresses avoiding claims by prior employers, the importance of documentation for equity ownership and agreements, vesting restrictions, tax planning choices of entity, intellectual property protection, securities laws, and personal liability risks for founders. Royse emphasizes properly classifying workers to avoid misclassification penalties, and recommends his book "Dead on Arrival" which outlines legal mistakes that could jeopardize a startup.
Similar to tax.idaho.gov EPB00004i_10-24-2008 (20)
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 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.
This document is an Oregon Working Family Child Care Credit form for tax year 2005. It contains instructions for calculating an individual's child care credit based on their household size, adjusted gross income, qualifying child care expenses paid, and number of qualifying children. Tables are provided that correspond to different household sizes and income brackets to determine the decimal amount used in the credit calculation formula.
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NewBase 20 June 2024 Energy News issue - 1731 by Khaled Al Awadi_compressed.pdfKhaled Al Awadi
Greetings,
Hawk Energy is pleased to present you with the latest energy news
NewBase 20 June 2024 Energy News issue - 1731 by Khaled Al Awadi
Regards.
Founder & S.Editor - NewBase Energy
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USAGreetings,
Hawk Energy is pleased to present you with the latest energy news
NewBase 20 June 2024 Energy News issue - 1731 by Khaled Al Awadi
Regards.
Founder & S.Editor - NewBase Energy
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USAGreetings,
Hawk Energy is pleased to present you with the latest energy news
NewBase 20 June 2024 Energy News issue - 1731 by Khaled Al Awadi
Regards.
Founder & S.Editor - NewBase Energy
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USAGreetings,
Hawk Energy is pleased to present you with the latest energy news
NewBase 20 June 2024 Energy News issue - 1731 by Khaled Al Awadi
Regards.
Founder & S.Editor - NewBase Energy
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USAGreetings,
Hawk Energy is pleased to present you with the latest energy news
NewBase 20 June 2024 Energy News issue - 1731 by Khaled Al Awadi
Regards.
Founder & S.Editor - NewBase Energy
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USAGreetings,
Hawk Energy is pleased to present you with the latest energy news
NewBase 20 June 2024 Energy News issue - 1731 by Khaled Al Awadi
Regards.
Founder & S.Editor - NewBase Energy
Khaled M Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USA
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𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions. 𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
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➢WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
➢ Daewon Pharm Year End Party
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(etc)
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Adani Group Requests For Additional Land For Its Dharavi Redevelopment Projec...Adani case
It will bring about growth and development not only in Maharashtra but also in our country as a whole, which will experience prosperity. The project will also give the Adani Group an opportunity to rise above the controversies that have been ongoing since the Adani CBI Investigation.
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L'indice de performance des ports à conteneurs de l'année 2023SPATPortToamasina
Une évaluation comparable de la performance basée sur le temps d'escale des navires
L'objectif de l'ICPP est d'identifier les domaines d'amélioration qui peuvent en fin de compte bénéficier à toutes les parties concernées, des compagnies maritimes aux gouvernements nationaux en passant par les consommateurs. Il est conçu pour servir de point de référence aux principaux acteurs de l'économie mondiale, notamment les autorités et les opérateurs portuaires, les gouvernements nationaux, les organisations supranationales, les agences de développement, les divers intérêts maritimes et d'autres acteurs publics et privés du commerce, de la logistique et des services de la chaîne d'approvisionnement.
Le développement de l'ICPP repose sur le temps total passé par les porte-conteneurs dans les ports, de la manière expliquée dans les sections suivantes du rapport, et comme dans les itérations précédentes de l'ICPP. Cette quatrième itération utilise des données pour l'année civile complète 2023. Elle poursuit le changement introduit l'année dernière en n'incluant que les ports qui ont eu un minimum de 24 escales valides au cours de la période de 12 mois de l'étude. Le nombre de ports inclus dans l'ICPP 2023 est de 405.
Comme dans les éditions précédentes de l'ICPP, la production du classement fait appel à deux approches méthodologiques différentes : une approche administrative, ou technique, une méthodologie pragmatique reflétant les connaissances et le jugement des experts ; et une approche statistique, utilisant l'analyse factorielle (AF), ou plus précisément la factorisation matricielle. L'utilisation de ces deux approches vise à garantir que le classement des performances des ports à conteneurs reflète le plus fidèlement possible les performances réelles des ports, tout en étant statistiquement robuste.
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Tired of chasing down expiring contracts and drowning in paperwork? Mastering contract management can significantly enhance your business efficiency and productivity. This guide unveils expert secrets to streamline your contract management process. Learn how to save time, minimize risk, and achieve effortless contract management.
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1. WHAT'S NEW FOR 2008
NEW FEDERAL LAW If you or your spouse are age 65 or older on 12/31/2008 and
The quot;Housing Assistance Tax Act of 2008quot; (Public Law 110- qualify for the credit, but aren't required to file an income tax
289) was signed into law by President Bush on July 30, 2008. return, you can claim the credit on Form 24.
New provisions for tax year 2008 allow non-itemizers an
additional standard deduction for real property taxes up to MEMBERS OF THE ARMED FORCES
$500 ($1,000 for joint filers). A member of the United States Armed Forces who is
domiciled in Idaho is allowed the credit. If you live in Idaho
At the time of this printing Idaho had not conformed to these but are a nonresident under the Servicemembers Civil Relief
new provisions. The Idaho legislature will convene in January Act, you aren't allowed the grocery credit.
2009 and consider conformity with the new IRC.
IDAHO CONFORMS TO INTERNAL REVENUE CODE (IRC)
GROCERY CREDIT Idaho conforms to the federal changes made to the IRC by
All residents may be eligible to receive the grocery credit the quot;Economic Stimulus Act of 2008.quot; These include the
even if gross income is below the filing requirement. following:
•
The grocery credit has increased to $30 per exemption if your Bonus first-year depreciation provisions found in IRC
taxable income is more than $1,000, and $50 per exemption if Section 168(k) for property placed in service in 2008.
your taxable income is $1,000 or less. o Idaho depreciation, adjusted basis, and gains or
losses from the sale or exchange of property will
You may claim an additional $20 if you or your spouse are be the same as for federal.
age 65 or older on 12/31/2008. o You can't claim the Idaho investment tax credit on
the cost of the property you are allowed a
An individual doesn't qualify for the credit for any month or deduction as bonus first-year depreciation.
•
part of a month for which he: An increase in the IRC Section 179 election to expense
the cost of certain assets.
• •
wasn't a resident of Idaho; An increase in the IRC Section 280F limitations on
• received assistance from the federal food stamp quot;luxuryquot; auto depreciation.
program;
• was incarcerated; or Idaho also conforms to other changes made to the IRC during
• lived illegally in the United States. 2007.
DONATING YOUR GROCERY CREDIT FORM CCV
You may make an irrevocable donation of your entire The credit card payment voucher has been discontinued.
grocery credit to the Cooperative Welfare fund.
SAVE A STAMP – FILE ONLINE!
File your return online to get:
• Faster refunds (7 to 14 days vs. 6 to 10 weeks for paper returns.)
• Fewer errors.
• Confirmation that your return was received.
To e-file:
• Visit our Web site at tax.idaho.gov to find free e-file services for eligible taxpayers.
• Find commercial tax preparation software for a fee.
• Ask your tax preparer to e-file your return.
1
2. WHICH FORM TO USE
You must use Form 40 if you are a: You must use Form 43 if you or your spouse are a:
• Resident, or • Nonresident, or
• Resident in the military. See page 4. • Part-year resident, or
• Nonresident alien for federal purposes and are required to file
You must use Form 39R if you file a Form 40 and claim any an income tax return for Idaho.
additions, subtractions, or certain credits. Use Form 44 for
business credits. You must use Form 39NR if you file a Form 43 and claim any
additions, subtractions or certain credits. Use Form 44 for
business credits.
GENERAL INFORMATION
INFORMATION AND FORMS DEPENDENT CLAIMED ON SOMEONE ELSE'S RETURN:
If you need information or assistance, call or visit a Tax
Commission office listed in this booklet. Single dependents. Were you either age 65 or older or blind?
No. You must file a return if any of the following apply:
Forms are available at Tax Commission offices or may be • Your unearned income was over $900.
obtained: • Your earned income was over $5,450.
• Your gross income was more than the larger of:
• On the Web at tax.idaho.gov • $900, or
• By calling (208) 334-7660 in the Boise area or (800) 972-7660 • Your earned income (up to $5,150) plus $300.
You may use photocopies of these tax forms. Your copy must Yes. You must file a return if any of the following apply:
be legible. • Your earned income was over $6,800 ($8,150 if 65 or
older and blind).
FILING REQUIREMENTS • Your unearned income was over $2,250 ($3,600 if 65 or
Resident older and blind).
If you are required to file a federal income tax return, you must • Your gross income was more than:
file an Idaho return. If you are filing a federal income tax return The larger of: PLUS This amount:
only to pay self-employment tax and aren't otherwise required to • $900, or $1,350 ($2,700
}
file a federal income tax return, you aren't required to file an • Your earned income if 65 or older and
Idaho income tax return. (up to $5,150) plus $300. blind.)
The filing requirement is based on gross income as shown on Married dependents. Were you either age 65 or older or blind?
the following schedule. Gross income is defined on page 4. No. You must file a return if any of the following apply:
When using this schedule, don't include Social Security benefits • Your gross income was at least $5 and your spouse files
as gross income unless you are married filing a separate return a separate return and itemizes.
and lived with your spouse at any time during 2008. • Your unearned income was over $900.
• Your earned income was over $5,450.
STATUS GROSS INCOME • Your gross income was more than the larger of:
• $900, or
MARRIED: • Your earned income (up to $5,150) plus $300
• filing separate returns ................................................ $ 3,500
Yes. You must file a return if any of the following apply:
• filing jointly, both spouses under 65 .......................... $ 17,900
• Your earned income was over $6,500 ($7,550 if 65 or
• filing jointly, one spouse 65 or older .......................... $ 18,950
older and blind).
• filing jointly, both spouses 65 or older ....................... $ 20,000
• Your unearned income was over $1,950 ($3,000 if 65 or
older and blind).
HEAD OF HOUSEHOLD:
• Your gross income was at least $5 and your spouse files
a separate return and itemizes.
• under 65 ..................................................................... $ 11,500
• Your gross income was more than:
• 65 or older .................................................................. $ 12,850
The larger of: PLUS This amount:
• $900, or $1,050 ($2,100
}
SINGLE:
• Your earned income if 65 or older and
(up to $5,150) plus $300. blind.)
• under 65 ..................................................................... $ 8,950
• 65 or older .................................................................. $ 10,300
Part-year Resident/Nonresident
If you are a part-year resident, you are required to file an Idaho
QUALIFYING WIDOW(ER) WITH DEPENDENT CHILD:
income tax return if your gross income from all sources while a
resident and your gross income from Idaho sources while a
• under 65 ..................................................................... $ 14,400
nonresident total more than $2,500.
• 65 or older .................................................................. $ 15,450
If you are a nonresident, you are required to file an Idaho income
tax return if your gross income from Idaho sources was more
than $2,500.
2
3. GENERAL INFORMATION
•
AMENDED RETURNS Enter the differences between the Idaho and federal deprecia-
Use Form 40 or 43 to amend your return. Check the amended tion amounts and gains and losses from sales or exchanges of
return box at the top of the form. Enter the applicable reason(s) the property on the bonus depreciation line on Form 39R
for amending, as listed below. Complete the entire form and or 39NR.
schedules using the corrected amounts.
FOR PROPERTY PLACED IN SERVICE AFTER 2007
1. Federal Audit. Idaho conforms to the federal bonus depreciation provisions.
2. Net Operating Loss Carryback - Attach Form 56 or a The amounts you use for federal will also be used for Idaho.
schedule showing the application of the loss. No additional forms or computations are needed for Idaho.
3. Federal Amended - Attach a complete copy of your federal
return. COMMUNITY PROPERTY
4. Other - Attach an explanation. Because Idaho is a community property state, each resident
spouse has a one-half interest in the earnings of the other
If you are amending Form 40EZ, use Form 40. resident spouse during the portion of the year they were married.
If married for only a part of the year, the community income
AMERICAN INDIANS includes ONLY the income earned during the time the couple
If you are an enrolled member of a federally recognized tribe, was married. When filing separate returns, the community
and live and work on a reservation, all reservation sourced income, withholding and deductions of both resident spouses
income received while living and working on the reservation is must be divided equally between husband and wife. If you have
exempt from Idaho taxation. If you have no other income, you a written agreement between spouses regarding the separation
aren't required to file. of assets and income, it must be attached to your tax return.
If you have other income in an amount that meets the federal Idaho law affects your federal return in the same manner. For
filing requirement, you must file an Idaho return. For specific more details, see federal Publication 555, Federal Tax Informa-
instructions, see Form 39R or Form 39NR. tion on Community Property. If you were a resident of Idaho for
only a portion of the year, Idaho law applies to that portion of the
ATTACHMENTS year you were a resident. Income is identified as community or
Attach legible copies of Form(s) W-2, 1099, and other separate income based on the laws of the state in which the
information forms that show Idaho withholding to the front of recipient is a resident. In the case of real property, the law of
your return. A complete copy of your federal return must be the state in which the property is located will apply.
attached to Form 40 or Form 43. If you are claiming credit
for taxes paid to another state, you must attach Idaho Form Community property laws don't apply when the spouses have
39R or 39NR and a copy of the other state's income tax lived apart for the entire year, no part of the income earned by
return. If the credit applies to more than one state, use a one spouse has been transferred to the other spouse, and the
separate Form 39R or 39NR for each state. spouses don't file a joint income tax return.
AUDITS Income, withholding and deductions received or paid after
An audit is a review of a return to make sure it was prepared divorce are separate property and must be reported on the return
according to tax law. You will be contacted if your return is to be of the person to whom it applies.
audited. The auditor will ask to see your records and compare
them with your return. You may present your records yourself or If you divorced during 2008 or are filing separately from your
have someone represent you or come with you. Any change to spouse, attach a schedule showing how community property
your return will be explained. Question anything you don't income and deductions were divided. See the Allocation
understand. Worksheet in federal Publication 555.
Federal Audit DECEDENT’S TAX RETURN
If your federal taxable income or tax credits change because of a If a taxpayer dies before filing his return, the return must be filed
federal audit, you must send written notice to the Tax Commis- by the taxpayer's spouse or personal representative. A personal
sion within 60 days of the final federal determination. You must representative can be an executor, administrator, or anyone who
include copies of all schedules supplied by the Internal Revenue is in charge of the deceased taxpayer's property.
Service.
If your spouse died in 2008 and you didn't remarry in 2008, you
If you owe additional Idaho tax and don't send written notice can file a joint return. You can also file a joint return if your
within 60 days of the final federal determination, a 5% negligence spouse died in 2009 before filing a 2008 return. A joint return
penalty will be imposed. Interest applies on any tax due. should show your spouse's 2008 income before death and your
income for all of 2008. Write quot;FILING AS SURVIVING SPOUSEquot;
If the final federal determination results in an Idaho refund, you on the line where the decedent would have signed the return. If
must file an amended Idaho income tax return with the written someone else is the personal representative, he must also sign
notice. See Amended Returns above. If the statute of limitations the return.
is closed, you have one year from the date of the final federal
determination to file for the refund. If a refund is due, attach federal Form 1310, Statement of
Person Claiming Refund Due a Deceased Taxpayer. Form 1310
BONUS DEPRECIATION isn't required when a surviving spouse files a joint return with the
FOR PROPERTY PLACED IN SERVICE PRIOR TO 2008 decedent or a personal representative files for the decedent.
If you are depreciating property for which you claimed the bonus
depreciation for federal purposes: ESTIMATED PAYMENTS
Idaho doesn't require estimated payments for personal income
• Complete a separate federal Form 4562 or detailed computa- tax. If you wish to make a voluntary estimated payment, file
tion for Idaho depreciation purposes as if the special deprecia- Form 51 with your payment.
tion allowance hadn't been claimed.
EXTENSION OF TIME FOR FILING
• Compute the Idaho adjusted basis and any gains or losses If you can't file your Idaho state income taxes by April 15, you
from the sale or exchange of the property using the Idaho may be eligible to get an automatic six-month extension without
depreciation amounts. filing a form.
3
4. GENERAL INFORMATION
In order to qualify, you need to pay either an estimated 80 MILITARY PERSONNEL
percent of your current year's tax liability or 100 percent of what Idaho law generally follows federal law regarding which type of
you paid for state income taxes the prior year. You can avoid a military pay (active duty, disability, reserve and retirement)
penalty for late filing, but will be charged interest on the is taxable.
remaining tax until it's paid. Complete the worksheet on Idaho
Form 51, Estimated Payment of Idaho Income Tax, to see if you The residency of a qualified servicemember is presumed to be
meet the extension requirements. that member's military home of record.
If you need to make a payment to avoid a penalty, you can mail NATIONAL GUARD MEMBERS CALLED TO ACTIVE DUTY IN
Form 51 with your check or money order. Form 51 is available in A COMBAT ZONE
the Idaho income tax booklet or on the Web site. Idaho follows federal law and Internal Revenue Code to provide
income tax relief for servicemembers on active duty in combat
If you qualify for an extension to file your Idaho return, you must zones. Below is a summary of how these laws affect Idaho
send the return and any payment by October 15, 2009. National Guard members.
•
FILING STATUS All tax filing deadlines are extended for at least 180 days
Your Idaho filing status must be the same as the filing status after your last day in a combat zone.
•
used on your federal return. For example, if you file a joint No interest or penalty will accrue for nonpayment of
federal return, you must also file a joint Idaho return. individual income taxes while you are in a combat zone.
• If you are an enlisted soldier or warrant officer, you don't owe
FILING YOUR RETURN tax on military pay received while in a combat zone. If you are
When To File a commissioned officer, the monthly exclusion is capped at the
You must file your return and pay any income tax due: highest enlisted pay, plus any hostile fire or imminent danger
pay received.
• •
On or before April 15, 2009, for the calendar year 2008, or This federal law doesn't cover business tax returns,
• On or before the 15th day of the fourth month following the employment taxes, or sales/use tax obligations.
•
close of the fiscal year, if you file on a fiscal year basis. You must write quot;COMBAT ZONEquot; and the date of deploy-
ment in red on top of the tax return you are filing.
Where To File
Mail the return and payment to: For information see our Web site at tax.idaho.gov, or call us toll
free at (800) 972-7660 or 334-7660 in the Boise area.
IDAHO STATE TAX COMMISSION
PO BOX 56 Idaho resident on active duty stationed in Idaho
BOISE ID 83756-0056 If Idaho was your military home of record and you were on active
duty stationed in Idaho, all of your military wages and all nonmili-
If you are sending your return using a delivery service that tary income, regardless of the source, are subject to Idaho tax.
requires a physical address, use the following: File Form 40.
IDAHO STATE TAX COMMISSION Idaho resident on active duty stationed outside of Idaho
• You joined the armed forces while a resident of Idaho and
800 PARK BLVD PLAZA IV
BOISE ID 83712-7742 Idaho is your military home of record; and
• You were on active duty for 120 or more consecutive
INCOME days; and
• You were stationed outside of Idaho for all or part of the year.
An Idaho resident is taxed on all income, including income from
outside the state. A nonresident of Idaho is taxed only on
income from Idaho sources. An Idaho part-year resident is taxed You must report all of your income to Idaho. However, only
on all income received while living in Idaho plus any income military wages you receive while stationed in Idaho and all
received from Idaho sources when not living in Idaho. nonmilitary income, regardless of the source, is subject to Idaho
tax. File Form 40 if you are single, or if you are married and your
GROSS INCOME spouse is also a resident of Idaho.
Gross income means all income you received in the form of
money, goods, property, and services that isn't exempt from tax. File Form 43 if you are married and your spouse is a nonresi-
Gross income is measured before subtracting allowable deduc- dent, part-year resident, or military nonresident of Idaho. Check
tions. Gross income includes, but isn't limited to: the quot;Idaho Resident on Active Military Dutyquot; residency status box
for yourself. Check the applicable residency status box for
• All income from wages, salaries, tips, interest and dividends your spouse.
that isn't exempt from tax
• Self-employment income before expenses Under the Servicemembers Civil Relief Act, a servicemember will
• Farm income before expenses neither lose nor acquire a residence or domicile with regards to
• Rental income before expenses his income tax as a result of being absent or present in a state
• Shareholders and partners include their share of the gross due to his military orders. A qualified servicemember is not a
income from S corporations and partnerships resident of or domiciled in Idaho solely as a result of being
• Unemployment compensation stationed in Idaho.
• Certain scholarship and fellowship grants
• Gains derived from sales of property A servicemember includes any member of the uniformed
• Pensions and annuities services such as:
•
Scholarships used for tuition, fees, supplies, books, and equip- A member of the armed forces which includes a member of the
ment required for courses leading to a degree aren't included in Army, Navy, Air Force, Marine Corps, or Coast Guard on active
gross income. duty. It would also include a member of the National Guard
who has been called to active service by the President of the
INTEREST United States or the Secretary of Defense of the United States
Interest applies on delinquent tax from the original due date of for a period of more than thirty (30) consecutive days, for
the return until the tax is paid at the rate of 5% per year (rate purposes of responding to a national emergency declared by
effective for 2009.) the President and supported by federal funds.
4
5. GENERAL INFORMATION
• A member of the commissioned corps of the National Oceanic amounts claimed as deductions. Keep all supporting records for
and Atmospheric Administration in active service; and income or deductions until the statute of limitations for the return
• A member of the commissioned corps of the Public Health expires. Usually this is three years from the due date or the date
Service in active service. the return was filed. In property transactions, the basis of new or
replacement property may be determined by the basis of the old
The safe harbor exception to being a resident of Idaho explained property. Keep these records as long as they are needed to
in the quot;Special-case Idaho Residentsquot; does not apply to a determine the basis of the original or replacement property.
qualified servicemember.
REFUNDS WHEN NOT REQUIRED TO FILE
Nonresident on active duty stationed in Idaho If you aren't required to file an Idaho return, no tax is due even if
If your military home of record isn't Idaho and you were on active the calculation shows taxable income. If you are filing only to
duty stationed in Idaho for all or part of the year, Idaho doesn't receive a refund of amounts withheld, you don't pay the $10
tax your military income. Nonmilitary income from Idaho sources permanent building fund tax. Write quot;NRFquot; (Not Required to File)
is subject to Idaho tax. File Form 43 if your gross income from on the lines for quot;Tax from tables or rate schedulequot; and quot;Perma-
Idaho sources exceeds $2,500. The instructions for Form 43 nent building fund tax.quot;
begin on page 13.
REFUND SEIZURE
NET OPERATING LOSS (NOL) Under state law, the Tax Commission may retain state income
An NOL is the excess of business deductions (computed with tax refunds to satisfy other outstanding tax debts. The Depart-
certain modifications) over total gross income in a particular tax ment of Health and Welfare and the Department of Commerce
year. Use Form 56 to compute your loss and application of the and Labor may seize all or part of your income tax refund to
loss, or a schedule showing the application of the loss. offset debts you may owe these agencies. Also, refunds may be
seized to satisfy bankruptcy claims, sheriffs' garnishments, or
The NOL generally must be carried back to the two preceding debts owed to the Internal Revenue Service. Additionally, the
years. The carryback is limited to a maximum of $100,000. Any Tax Commission may seize federal income tax refunds to offset
remaining loss may be carried forward until used, but no longer Idaho income tax liabilities.
than 20 years.
The agency or party seizing the refund is required to send you
• You may elect to forego the two-year carryback provision and notice of the action. Questions regarding a refund seizure
carry the loss forward up to 20 years. should be directed to the agency or party that initiated the claim
• This election must be made before the due date, including for seizure.
extensions, of the loss year return and can't be revoked.
• To make the election, check the box on line 13, Form 40, or ROUNDING
line 29, Form 43, or attach a copy of the federal NOL election, The amounts on your return must be rounded to the whole dollar.
or attach a statement to the loss year tax return clearly An amount less than 50 cents is reduced to the whole dollar.
indicating that you elect to forego the carryback. Include your Amounts of 50 cents or more are increased to the next whole
name, address, Social Security number, and the amount of dollar.
loss.
RESIDENCY
NONRESIDENT ALIENS Are you a resident, a nonresident, or a part-year resident?
Taxpayers who are nonresident aliens for federal purposes and The following will help you decide:
who are required to file an income tax return for Idaho must file
•
using Form 43. Nonresident aliens for federal purposes are You are an Idaho resident, even though you live outside Idaho,
nonresidents for Idaho income tax purposes. if the following are true:
- You think of Idaho as your permanent home.
PAYMENTS - Idaho is the center of your financial, social, and family life.
Make your check, cashier's check, or money order payable to the - Idaho is the place you intend to return to when you are
Idaho State Tax Commission. Be sure to write your Social away.
Security number on it and attach it to your return.
• You are also an Idaho resident if the following are true:
To pay by credit card, debit card or e-check, visit our Web site at - You maintained a home in Idaho the entire year.
tax.idaho.gov; or call (800) 972-7660. - You spent more than 270 days in Idaho during the tax year.
•
PENALTIES You are a nonresident if your permanent home is outside of
Penalties may be imposed on the tax due as follows: Idaho all year.
• •
0.5% per month or fraction of a month to a maximum of 25% You are a part-year resident if you moved into or out of Idaho
for failure to pay the tax due (if return is filed) during the tax year. You are still a resident if:
• 2% per month or fraction of a month for failure to meet the - You temporarily moved outside of Idaho, or
extension criteria (the return must be filed by the extended due - You moved back to Idaho after a temporary absence.
date, and the taxes paid by the earlier of the date the return is
filed or the extended due date) SPECIAL-CASE IDAHO RESIDENTS
• 5% per month or fraction of a month to a maximum of 25% for You are considered a nonresident if all of the following are true:
failure to file the return timely
• •
5% for negligence or disregard of rules You are an Idaho resident who lived outside of Idaho for at
• 10% for substantial understatement of tax least 445 days in a 15-month period.
• •
50% for filing a false or fraudulent return After satisfying the 15-month period, you spent less than 60
days in Idaho during the year.
•
The minimum penalty is $10. You didn't have a personal residence in Idaho for yourself or
your family during any part of 2008.
•
RECORDKEEPING You didn't claim Idaho as your federal tax home.
•
You are required by law to keep records that will enable you to You weren't employed on the staff of a U.S. senator or repre-
prepare a complete and accurate income tax return. Although sentative.
•
the law doesn't require any special form of records, you must You didn't hold an elective or appointive office of the U.S.
retain all receipts, canceled checks, and other evidence to prove Government other than the armed forces or a career appoint-
ment in the U.S. Foreign Service.
5
6. GENERAL INFORMATION
This exception to being a resident of Idaho doesn't apply to a You are also authorizing the paid preparer to:
• Give the Tax Commission any information that is missing from
qualified servicemember.
your return, and
• Call the Tax Commission for information about the processing
SIGNATURES
You must sign your return. Your spouse also must sign if you file of your return or the status of your refund or payments.
a joint return. If your return is prepared by a paid preparer, he
must enter his name, address, and identification number. If a You are not authorizing the paid preparer to receive any refund
taxpayer is deceased or can't sign his return, an authorized check, bind you to anything including any additional tax liability,
person may sign the return indicating his status or relationship. or otherwise represent you before the Tax Commission.
Write “FILING AS SURVIVING SPOUSE” or “unable to sign” in
the signature space. If a taxpayer signs with an “X”, his mark This authorization is valid for up to 180 days from the date the
must be witnessed. Tax Commission receives the return. If you want the Tax
Commission to contact you rather than your preparer, leave the
TAX PREPARER CONTACT BOX box blank.
This box applies only if you paid a tax preparer to complete your
return. If you check the box, you are authorizing the Tax TAX YEAR AND ACCOUNTING METHOD
Commission to discuss your return with the paid preparer The tax year and accounting method used on your Idaho return
identified on the return. must match those used on your federal return.
FORM 40
Instructions are for lines not fully explained on the form.
General information instructions beginning on page 2 also apply to this form.
GROCERY CREDIT REFUND ONLY as listed below. Complete the entire form and schedules using
If you're not required to file an income tax return, but are filing the corrected amounts.
Form 40 to receive a grocery credit refund, you don't need to
attach a copy of a federal return. 1. Federal Audit.
2. Net Operating Loss Carryback - Attach Form 56 or a
You must complete Form 40 as follows: schedule showing the application of the loss.
• Complete the top of the form through line 6d, exemptions and 3. Federal Amended - Attach a complete copy of your federal
dependents. return.
• Skip lines 7 and 8. 4. Other - Attach an explanation.
• Write quot;NRFquot; on line 9.
• Skip lines 10 through 13. NEXT YEAR’S FORMS
• Complete line 14a if you or your spouse are age 65 or older. If you need forms mailed to you next year, check the box below
• Skip lines 14b through 34. your Social Security number.
• Cross through the $10 on line 35, Permanent Building Fund,
and write quot;NRF.quot; LINES 1 THROUGH 5 FILING STATUS
• Skip lines 36 through 44. Check the box indicating the same filing status shown on your
• Enter your grocery credit amount on line 45 using the grocery federal return. Refer to federal instructions for further informa-
credit worksheet on page 10 for Idaho taxable income of tion on filing status.
$1,000 or less.
• Complete applicable lines 46 through 57. LINE 6 EXEMPTIONS
• Skip lines 58 through 61. Exemptions claimed on your Idaho return must match the
• Complete the bottom of Form 40 below line 61. exemptions claimed on your federal return.
HEADING Line 6a and 6b. Yourself and Spouse. CAUTION: If you can
Write your name, address, and Social Security number (SSN) in be claimed as a dependent on another person’s tax return, such
the spaces provided. If filing a joint return, write the SSN of both as a parent’s return, leave the box quot;yourselfquot; blank. Instead,
you and your spouse. check the box on line 14c.
If you don't have an SSN, contact the Social Security If you can't be claimed as a dependent on another person’s
Administration, U.S. Postal Service or the Internal Revenue return, you may claim one exemption for yourself. Enter quot;1quot; in the
Service to obtain an application, Form SS-5. File this form with box for “Yourself.” If you are married filing a joint return, you can
the local office of the Social Security Administration. Apply early also claim an exemption for your spouse. Enter quot;1quot; in the box for
enough to make sure you receive a number by April 15. If your “Spouse.” If your spouse died during 2008 and you are filing a
return is due before you receive your number, file the return and joint return, you may claim the exemption for your spouse.
write “Applied for” in the space for the number. The Tax
Commission will contact you for the number. Line 6c. Dependents. List dependents claimed on your federal
return. If you have more than four dependents, continue on
Be sure that your return and Form(s) W-2 show the correct SSN. Form 39R, Part F. Enter the total number of dependents in the
An error in your SSN will delay your refund. box.
AMENDED RETURN Line 6d. Total Exemptions. Add lines 6a through 6c.
Form 40 can be used as an original return or as an amended
return. LINES 7-8 IDAHO ELECTION CAMPAIGN FUND
The Idaho Legislature established this fund to provide financing
If you are filing this form as an amended return, check the box at for qualified political parties. If you want $1 of your income tax to
the top of the form. Enter the applicable reason(s) for amending, go to the Idaho Election Campaign Fund, check the box beside
6
7. FORM 40
the party of your choice. If you are filing a joint return, your YOU MUST ITEMIZE if you are married, filing a separate return
spouse may also designate $1 to the same party or to a different (filing status 3) and your spouse itemizes. You must itemize if
party. If you check “No specific party,” the amount will be you had dual status as a nonresident alien for part of 2008 and
divided among the parties by a formula prescribed by law. This during the rest of the year you were a resident alien or a U.S.
won't increase your tax or decrease your refund. citizen.
If you are filing an amended return, you must check the same However, you don't have to itemize if you file a joint return with
boxes as checked on the original return. your spouse who was a U.S. citizen or resident at the end of 2008
and you and your spouse agree to be taxed on your combined
LINE 9 FEDERAL ADJUSTED GROSS INCOME worldwide income.
Enter the adjusted gross income reported on your federal return:
Line 37, Form 1040; Line 21, Form 1040A; or Line 4, Form STANDARD DEDUCTION WORKSHEET
1040EZ.
Use this worksheet if someone can claim you, or your spouse if
LINE 13 IDAHO ELECTION TO FOREGO NET OPERATING filing jointly, as a dependent, or you or your spouse were born
LOSS (NOL) CARRYBACK before January 2, 1944, or were blind.
Check the box on line 13 if you elect under Section 63-3022(c),
Idaho Code, to forego the Idaho carryback period for an NOL. 1. Enter the amount shown below for your filing
If you check this box, you don't need to attach a separate status.,
• Single or married filing separately, enter $5,450.
statement electing to forego the Idaho carryback period.
• Married filing jointly or Qualifying widow(er),
TAX COMPUTATION enter $10,900.
• Head of household, enter $8,000 .................... ________
LINE 14a AGE 65 OR OLDER 2. Can you be claimed as a dependent?
If you are 65 or older, check the box for “Yourself.” If you are No. Enter the amount from line 1 on line 4.
filing a joint return and your spouse is 65 or older, check the box Skip line 3.
for “Spouse.” Age is determined as of December 31. However, Yes. Go to line 3.
if your 65th birthday was on January 1, 2009, you may consider
3. Is your earned income* more than $600?
yourself 65 on December 31, 2008. The boxes you check must
Yes. Add $300 to your earned income.
match your federal return.
Enter the total.
No. Enter $900 .............................................. ________
LINE 14b BLIND
4. Enter the smaller of line 1 or line 3. If born after
The box for “Yourself” must be checked if you are blind. If you
January 1, 1944, and not blind, enter this amount
are filing a joint return and your spouse is blind, check the box
on line 6. Otherwise, go to line 5 ....................... ________
for “Spouse.” Blindness is determined as of December 31. The
5. If born before January 2, 1944, or blind, multiply
boxes you check must match your federal return.
the total number of boxes checked on Form 40,
lines 14a and 14b, by $1,050 ($1,350 if single or
LINE 14c CLAIMED DEPENDENT
head of household) ............................................... ________
If your parents or someone else can claim you as a dependent
6. Add lines 4 and 5. Enter the total here and on
on their tax return, check this box. You may itemize deductions
Form 40, line 18 ................................................... ________
or use the standard deduction. Complete the following
worksheet to determine your standard deduction.
*Earned Income includes wages, salaries, tips, professional
fees, and other compensation received for personal services you
LINES 15-18 ITEMIZED OR STANDARD DEDUCTIONS
performed. It also includes any amount received as a scholarship
Most people can find their standard deduction by looking at the
that you must include in your income. Generally, your earned
instructions to the left of line 18, Form 40. However, if you
income is the total of the amount(s) you reported on Form 1040,
check any boxes on lines 14a through 14c, use the following
lines 7, 12, and 18, minus the amount, if any on line 27.
worksheet to figure your standard deduction. You may use
either your federal itemized deductions or standard deduction,
FEDERAL LIMITATIONS ON ITEMIZED DEDUCTIONS. Some
whichever benefits you more. (For exceptions, see YOU MUST
of your itemized deductions may be phased out if your federal
ITEMIZE.)
adjusted gross income is more than $159,950 ($79,975 if you are
married filing separately). Since this figure is the same as the
Your itemized deductions are the same as those used on your
limit on your federal itemized deductions, use the amount
federal Form 1040. Idaho requires that all state or local income
reported on your federal return.
or general sales taxes shown on federal Schedule A be sub-
tracted from your total itemized amount before you use this
Since state income or general sales taxes are affected by the
figure to reduce your income. Because of this addback, it may
limitation, your state income or general sales tax addback (line
be more beneficial to itemize for federal purposes, but use the
16) must be reduced if your itemized deductions are limited.
standard deduction for Idaho.
Adjust your state income or general sales tax addback as follows:
If you or your spouse are nonresident aliens for federal pur-
1. Itemized deductions after federal limitation
poses and aren't from India, your standard deduction is zero. If
(federal Schedule A, line 29) ................................ ________
you are nonresident aliens from India use the standard deduc-
2. Itemized deductions prior to federal limitation
tion indicated for your filing status.
(federal Schedule A, lines 4, 9, 15, 19, 20, 27,
and 28) ................................................................ ________
If an itemized deduction allowable for federal income tax
3. Divide line 1 by line 2. Round to four digits to
purposes is reduced for the mortgage interest credit or the
the right of the decimal point.
foreign tax credit, the amount that would have been allowed if
(.66666 = .6667 = 66.67%) (Can't exceed 100%) %
the federal credit hadn't been claimed is allowed as an itemized
4. State and local income or general sales taxes
deduction.
reported on federal Schedule A ............................ ________
5. Multiply line 4 by line 3. Enter this amount
If line 17 is more than line 18, you should use your itemized
on line 16 .............................................................. ________
deductions on line 17. If line 18 is more than line 17, you should
use your standard deduction on line 18.
7
8. FORM 40
LINE 20 EXEMPTIONS LINE 26 CREDIT FOR CONTRIBUTIONS TO IDAHO
Multiply $3,500 by the total number of exemptions entered on YOUTH AND REHABILITATION FACILITIES
line 6d. If your federal adjusted gross income on line 9 is more If you donated cash or goods to a qualified center for indepen-
than the amount shown below for your filing status, use the dent living, to a youth or rehabilitation facility or its foundation, or
amount allowed on your federal Form 1040, line 42. to a nonprofit substance abuse center licensed by the Idaho
Department of Health and Welfare, you may claim a tax credit.
• $119,975 Married filing separate return
• $239,950 Married filing joint return or qualifying widow(er) If you claimed or earned the credit for qualifying new employees,
• $159,950 Single enter the amount computed on line 9, Part III, Form 55.
• $199,950 Head of household Otherwise, the credit is limited to the smallest of:
•
Your Idaho exemption amount should be the same as your one-half of the amount donated,
•
federal exemption amount. 20% of the tax on line 23,
• $100 ($200 on a joint return),
•
LINE 22 TAX the tax on line 23 less the amounts on lines 24 and 25.
Enter the tax on this line. If line 21 is less than $100,000, use
the tax tables on page 35. If line 21 is $100,000 or more, use The qualified youth or rehabilitation facilities and their
the schedules on page 46. Be sure you use the correct column foundations are:
in the tax table or the correct schedule for your filing status. See
•
the example at the beginning of the tax table. Anchor House, Coeur d’Alene
• The Arc, Inc., Boise
•
If you don't meet the filing requirement (see page 2) and are The Children's Home Society of Idaho, Inc., Boise
•
filing only to receive a refund of withheld taxes, write “NRF” (Not Children's Village, Inc., Coeur d’Alene
•
Required to File) on this line. Dawn Enterprises, Inc., Blackfoot
• Development Workshop, Inc., Idaho Falls
CREDITS • Gem Youth Services, Inc., Emmett
• High Reachers, Inc., Mountain Home
•
LINE 24 INCOME TAX PAID TO OTHER STATES Hope House, Inc., Nampa
•
When the same income is taxed by both Idaho and another Idaho Drug Free Youth, Inc., Coeur d’Alene
•
state, you may be entitled to a credit for tax paid to the other Idaho Elks Rehabilitation Hospital, Inc., Boise
•
state. Use Form 39R to compute the credit. You must attach a Idaho Youth Ranch
•
copy of the other state’s income tax return and Form 39R. If Kinderhaven, Sandpoint
•
credit applies to more than one state, use a separate Form 39R Learning Lab, Inc., Boise
•
for each state. See instructions, page 25. Magic Valley Rehabilitation Services, Inc., Twin Falls
• New Day Products, Inc., Pocatello
•
Examples of income that may be taxed by both Idaho and Northwest (North Idaho) Children’s Home, Inc.
•
another state include: Opportunities Unlimited, Inc., Lewiston
• Panhandle Special Needs, Inc., Sandpoint
• •
Wages earned in another state that has an income tax, such Project P.A.T.C.H., Planned Assistance for Troubled Children
•
as Oregon or Utah, while living in Idaho. Project Safe Place
• •
Income from a business or profession earned in another state Shepherd's Home, Inc., McCall
•
that has an income tax, while a resident of Idaho. Transitional Employment Services for the Handicapped,
Coeur d’Alene
•
LINE 25 CREDIT FOR CONTRIBUTIONS TO IDAHO Walker Center, Gooding
•
EDUCATIONAL ENTITIES Western Idaho Training Co., Inc., Caldwell
•
If you donated cash or goods to qualified educational entities, Women's and Children's Alliance
•
you may claim a tax credit. Winchester Occupational Workshop, Winchester
If you claimed or earned the credit for qualifying new employees, The following are the qualified centers for independent living:
enter the amount computed on line 5, Part III, Form 55.
•
Otherwise, the credit is limited to the smallest of: Disability Action Center Northwest, Moscow and Coeur d'Alene
• Living Independence Network Corporation, Boise and Twin
• one-half of the amount donated, Falls
• •
20% of the tax on line 23, Living Independently For Everyone, Inc., Blackfoot, Idaho Falls
• $100 ($200 on a joint return), and Pocatello
• the tax on line 23 less the amount on line 24.
LINE 27 CREDIT FOR LIVE ORGAN DONATION EXPENSES
A qualified educational entity includes: A living taxpayer who donates a qualified organ for transplanting
in another individual may be able to claim a credit up to $5,000
• a nonprofit corporation, fund, foundation, research park, trust, for expenses related to the donation.
or association organized and operated exclusively for the
benefit of Idaho colleges and universities In order to claim the credit, one or more of the following organs
• a nonprofit, private or public Idaho school (elementary, must be donated:
secondary or higher education) or its foundation
• •
Idaho education public broadcast system foundations Human bone marrow
• •
the Idaho State Historical Society or its foundation Any part of:
• quot; an intestine
an Idaho public library or its foundation
• quot; a kidney
an Idaho library district or its foundation
• quot; a liver
an Idaho public or private nonprofit museum
• quot; a lung
the Idaho Commission for Libraries
quot; a pancreas
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9. FORM 40
DONATIONS
Qualified expenses are those incurred by the taxpayer or
dependent for travel, lodging or lost wages and are not reim-
bursed to the taxpayer by any person. The expenses must be The donations on lines 37 through 42 are voluntary and will
directly related to the live organ donation by the taxpayer or a either reduce your refund or increase your tax due. Your choice
dependent of the taxpayer. to donate is irrevocable; you can't get a refund later. These
donations may be itemized as charitable contribution deductions
Any unused credit may be carried over five years. on your 2009 income tax return. If you have questions regarding
your donation(s), you may contact the agencies listed.
LINE 28 TOTAL BUSINESS INCOME TAX CREDITS
Enter the total allowed business income tax credits from Form If you are filing an amended return, your donations can't be less
44, Part I, line 12. See page 33 for specific instructions. Attach than the amounts on the original return.
Form 44.
LINE 37 NONGAME WILDLIFE CONSERVATION FUND
OTHER TAXES Contributions are used to ensure the conservation of nongame
wildlife and their habitat in Idaho, to promote greater appreciation
LINE 31 FUELS TAX DUE of wildlife, and to increase opportunities to view and enjoy
If you buy gasoline, aircraft fuel, or special fuels (diesel, propane, “watchable” wildlife. Donations are used for a variety of projects
natural gas) without paying the fuels tax and later use this fuel in including research on rare animals in an effort to better manage
licensed vehicles or aircraft, fuels tax is due. Add the amounts them so they don’t become threatened or endangered,
on lines 3 and 4, Section IV, Form 75, and enter the total. Attach construction of nest boxes and platforms to provide more homes
Form 75. for wildlife, educational programs and community projects,
development of wildlife viewing sites throughout the state,
LINE 32 SALES/USE TAX DUE informational brochures, and a nongame wildlife leaflet series
If you made purchases during the year without paying sales tax, available to the public and used by teachers. Contact the
you must report use tax on such purchases. Examples include Department of Fish and Game at (208) 334-2920.
magazine subscriptions, out-of-state catalog purchases, mer-
chandise purchased over the Internet, book and record clubs, LINE 38 CHILDREN’S TRUST FUND/CHILD ABUSE
purchases in a state where no sales tax is charged, etc. Multiply PREVENTION
the total amount of such purchases by 6% (.06). If you com- Contributions are used to protect our children, Idaho's most
puted use tax on Form 75, add it to the use tax on other pur- valuable resource. The trust fund board, appointed by the
chases and enter the total on line 32. governor and representing every region of our state, reviews
applications annually and awards grants to grassroots,
If you have a sales or use tax account, don't report your sales or community-based child abuse prevention programs. Funded
use tax on this line, but continue to report the tax on these programs include parent education, voluntary home visitation for
purchases on your sales and use tax returns. first-time parents, public awareness of the devastating
consequences of child abuse, and child abuse prevention and
LINE 33 TOTAL TAX FROM RECAPTURE OF INCOME TAX child safety education in schools. Contact the Children's Trust
CREDITS Fund/Child Abuse Prevention at (208) 386-9317.
If you have claimed Idaho tax credits that cease to qualify, you
must compute the tax credit recapture. Enter the total tax from LINE 39 SPECIAL OLYMPICS IDAHO
recapture of income tax credits from Form 44, Part II, line 7. See Contributions provide support for year-round sports training
page 34 for specific instructions. Attach Form 44. and competition for children and adults with developmental
disabilities in Idaho. Through sports training and
LINE 34 TAX FROM RECAPTURE OF QUALIFIED INVEST- competition, Special Olympics Idaho teaches life skills such
MENT EXEMPTION (QIE) as dedication, perseverance and focus, while instilling
If you have claimed Idaho exemption of property taxes from confidence. With these skills, 50% of Special Olympics
property that ceases to qualify, you must compute the athletes are employed while only 10%-14% of the general
recapture of the qualified investment exemption. Attach population of people with developmental disabilities hold
Form 49ER. jobs. Donations to this fund will be used to buy sports
equipment, uniforms, food, lodging and transportation
LINE 35 PERMANENT BUILDING FUND services for competitions, as well as health screenings,
You are required to pay the $10 permanent building fund tax if outreach programs and family support systems for adults and
you are required to file an Idaho income tax return. See FILING children with developmental disabilities. Contact Special
REQUIREMENTS on page 2. Olympics Idaho at (208) 323-0482 or visit www.idso.org.
You aren't required to pay the $10 permanent building fund tax if: LINE 40 IDAHO GUARD AND RESERVE FAMILY SUPPORT
FUND
• your gross income was less than the amount specified for your Contributions are used to assist military Reservists and their
filing status. Draw a line through the $10 and enter quot;NRFquot; (Not families. The Idaho Guard and Reserve Family Support
Required to File). Fund (IGRFSF) helps members of the Idaho Air National
• you were receiving Idaho public assistance payments at the Guard, the Idaho Army National Guard, the Air Force Re-
end of the tax year. Check the box on this line and draw a line serve, the Army Reserve, the Navy & Marine Corps Reserve,
through the $10. Food stamps and WIC payments don't qualify and the Coast Guard Reserve, along with their families, when
as Idaho public assistance. duty calls. The Fund acts as an emergency relief fund and
• operates as a 501(c)(3) nonprofit corporation. Contact the
you or your spouse were legally blind at the end of the tax year.
Idaho Guard and Reserve Family Support Fund, Inc., at
Draw a line through the $10.
(208) 422-5799.
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10. FORM 40
LINE 41 AMERICAN RED CROSS OF GREATER IDAHO If under 65, multiply line 1 by $4.17.
FUND If qualified for the entire year, enter $50 ............ ________
Contributions provide food, shelter, clothing, and other help
for disaster victims. Also, funds supply items such as Spouse (if joint return):
bedding and cots in areas around the state to prepare for 3. Number of qualified months ............................. ________
large scale emergencies. Donations also support the Armed 4. If 65 or older, multiply line 3 by $5.83.
Forces Emergency Services communications program, If qualified for the entire year, enter $70 ............ ________
helping active duty military and their loved ones in Idaho
communicate during family emergencies. Contact the If under 65, multiply line 3 by $4.17.
American Red Cross of Greater Idaho at (800) 853-2570. If qualified for the entire year, enter $50 ............ ________
LINE 42 VETERANS SUPPORT FUND Resident dependents claimed on line 6c:
Contributions help provide specialized medical/physical 5. Enter $50 for each dependent who qualifies for
therapy equipment for the three State Veterans Homes, the entire year. If they qualify for only part year,
support veterans organizations throughout the state, assist compute as follows:
homeless veterans programs in Idaho, promote and market Number of qualified months ____ X $4.17 ........ ________
the activities of the Office of Veterans Advocacy, develop an Number of qualified months ____ X $4.17 ........ ________
ongoing program for nurse recruitment and retention, Number of qualified months ____ X $4.17 ........ ________
supplement training for state and county service officers, and Number of qualified months ____ X $4.17 ........ ________
create an Idaho division of Veterans Services scholarship
program to help veterans fund their education. Contact the (If you have more than four dependents, use additional paper to
Idaho Division of Veterans Services at (208) 246-8770. compute.)
PAYMENTS AND OTHER CREDITS Total credit allowed:
6. Add amounts on lines 2, 4 and 5. Enter total
LINE 45 GROCERY CREDIT on line 45, Computed Amount ........................... ________
If you're a resident of Idaho, you may claim a credit for each
personal exemption for which a deduction is permitted and
claimed on your Idaho income tax return, provided the individual GROCERY CREDIT WORKSHEET
claimed as an exemption is a resident of Idaho. If your parents Use this worksheet when Idaho taxable income, line 21 is more
or someone else can claim you as a dependent on their return, than $1,000.
you can't claim this credit on your return.
Yourself:
The credit is $30 per exemption if your taxable income on line 21 1. Number of qualified months ............................. ________
is more than $1,000. If your taxable income on line 21 is $1,000 2. If 65 or older, multiply line 1 by $4.17.
or less, the credit is $50 per exemption. If qualified for the entire year, enter $50 ............ ________
You may claim an additional $20 if you are age 65 or older on If under 65, multiply line 1 by $2.50.
12/31/2008 and are a resident of Idaho. Also, if your spouse is If qualified for the entire year, enter $30 ............ ________
age 65 or older and is a resident of Idaho, you may claim an
additional $20. Spouse (if joint return):
3. Number of qualified months ............................. ________
An individual doesn't qualify for the credit for any month or part of 4. If 65 or older, multiply line 3 by $4.17
a month for which he: If qualified for the entire year, enter $50 ............ ________
• received assistance from the federal food stamp program; If under 65, multiply line 3 by $2.50.
• was incarcerated; or If qualified for the entire year, enter $30 ............ ________
• lived illegally in the United States.
Resident dependents claimed on line 6c:
MEMBERS OF THE ARMED FORCES 5. Enter $30 for each dependent who qualifies for
A member of the United States Armed Forces who is domiciled in the entire year. If they qualify for only part year,
Idaho is allowed the credit. If you live in Idaho but are a nonresi- compute as follows:
dent under the Servicemembers Civil Relief Act, you aren't Number of qualified months ____ X $2.50 ........ ________
allowed the grocery credit. Number of qualified months ____ X $2.50 ........ ________
Number of qualified months ____ X $2.50 ........ ________
A spouse or dependent of a nonresident military person stationed Number of qualified months ____ X $2.50 ........ ________
in Idaho may be an Idaho resident or part-year resident. The
domicile of a dependent child is presumed to be that of the (If you have more than four dependents, use additional paper to
nonmilitary spouse. compute.)
Complete the worksheet that corresponds to your Idaho taxable Total credit allowed:
income, line 21. Enter the total computed grocery credit on line 6. Add amounts on lines 2, 4 and 5. Enter total
45, Computed Amount. See the following instructions to donate on line 45, Computed Amount ........................... ________
your credit. If you aren't donating your credit, enter the com-
puted amount in the column for line 45. DONATING YOUR GROCERY CREDIT
You may donate your entire grocery credit to the Cooperative
GROCERY CREDIT WORKSHEET Welfare Fund. The Cooperative Welfare Fund is established
Use this worksheet when Idaho taxable income, line 21 is under Idaho Title 56, Public Assistance and Welfare. It is a trust
$1,000 or less. fund in the state treasury, and all money in the fund is appropri-
ated for public assistance and welfare purposes. The election is
Yourself: made by checking the box on line 45 and entering zero (0) in the
1. Number of qualified months ............................. ________ column for line 45. The election is irrevocable and may not be
2. If 65 or older, multiply line 1 by $5.83. changed on an amended return.
If qualified for the entire year, enter $70 ............ ________
10
11. FORM 40
•
NOTE: If you or your spouse are age 65 or older and qualify If the return is filed after the extended due date, a 5% per
for the credit but aren't required to file an Idaho income tax month late filing penalty will be computed on tax due from the
return, you can claim the credit on Form 24. You can get this extended due date to the earlier of the date the return is filed or
form from any Tax Commission office or our Web site at the date the tax is paid, plus a 0.5% per month late payment
tax.idaho.gov. The refund claim is due on or before April penalty will be computed on tax due from the date the return is
15, 2009. filed to the date the tax is paid, if the tax is paid after the return
is filed.
LINE 46 MAINTAINING A HOME FOR A FAMILY MEMBER
AGE 65 OR OLDER OR A FAMILY MEMBER WITH A If you don't pay at least 80% of the tax due on the return or 100%
DEVELOPMENTAL DISABILITY of the total tax reported last year by the original due date the
If you maintained a household for an immediate family following penalties will apply unless the payment required to
member(s) age 65 or older or with a developmental disability, satisfy the extension criteria is $50 or less:
and didn't claim a deduction of $1,000 per person on Form 39R,
•
Part B, line 15, you may claim a tax credit of $100 per person If the return is filed by the original due date, a 0.5% per month
(up to $300). late payment penalty will be computed on tax due from the date
the return is filed to the date of payment.
•
Complete and attach Idaho Form 39R. See instructions, page If the return is filed on or before the extended due date, a 2%
25. You may claim this credit even if your gross income is less per month extension penalty will be computed on tax due from
than the filing requirement. the original due date to the earlier of the date the tax is paid or
date return is filed, plus a 0.5% per month late payment penalty
LINE 47 FUELS TAX REFUND will be computed on tax due from the date the return is filed to
If you buy special fuels (diesel, propane, natural gas) with Idaho the date the tax is paid, if the tax is paid after the return is filed.
•
tax included and use this fuel for heating or in off-highway If the return is filed after the extended due date but the tax is
equipment, you may be entitled to a refund of the Idaho special paid on or before the extended due date, a 2% per month
fuels tax you paid. Enter the amount from line 2, Section IV, extension penalty will be computed on tax due from the original
Form 75. Attach Form 75. Heating fuel is generally purchased due date to the date the tax is paid.
•
without paying the tax. If the return is filed and the tax is paid after the extended due
date, the maximum 25% penalty will apply.
If you buy gasoline and use it in unlicensed equipment or
auxiliary engines, you may be entitled to a refund of the Idaho The minimum penalty is $10. The maximum penalty is 25% of
gasoline tax you paid. Enter the amount from line 1, Section IV, tax due.
Form 75. Attach Form 75.
Idaho Medical Savings Account: If you make an Idaho
LINE 48 IDAHO INCOME TAX WITHHELD medical savings account withdrawal that is subject to tax and you
Enter the total amount of Idaho income tax withheld as shown on are under age 59 1/2, the withdrawal is subject to penalty. The
your withholding statements. Attach legible state copies of penalty is 10% of the amount withdrawn. Check the box and
Form(s) W-2, 1099, and other information forms that show enter the amount here.
Idaho withholding.
Interest: Interest is charged on the amount of tax due, line 51,
DON'T claim credit for tax withheld for other states or federal tax from the original due date until paid. The rate for 2009 is 5%.
withheld. DON'T include Form(s) W-2 from other tax years or
write on or change the amounts on your Form(s) W-2. LINE 53 TOTAL DUE
Enter the amount you owe, including penalty and interest, on this
LINE 49 FORM 51 PAYMENT(S) line.
Enter the total payments you made with Form(s) 51. Include the
amount of overpayment applied from your 2007 return. Don't send cash. Payments of less than $1 aren't required.
A $20 charge will be imposed on all returned checks.
TAX DUE OR REFUND
Make your check, cashier's check, or money order payable to the
LINE 52 PENALTY AND INTEREST Idaho State Tax Commission. Be sure to write your Social
Penalty: If you file a return after the due date or fail to pay the Security number on it and attach it to your return.
required amount by the due date, a penalty may be due. To
avoid paying any penalty, you must: To pay by credit card, debit card or e-check, visit our Web site at
tax.idaho.gov.
• Pay by the original due date at least 80% of the tax due on the
return or 100% of the total tax reported last year, and LINE 55 REFUND
• File the return by the extended due date and pay the tax due Enter the amount of your overpayment shown on line 54 that you
by the earlier of the date the return is filed or the extended want refunded to you. Refunds of less than $1 won't be issued.
due date. No refund will be issued unless a return claiming overpayment of
tax is filed within three years after the due date for filing. Refunds
If you pay at least 80% of the tax due on the return or 100% of will be reduced by unpaid Idaho tax liabilities, and may be seized
the total tax reported last year by the original due date, but fail to for unpaid liabilities owed to other state agencies.
file the return by the extended due date or pay the remaining tax
by the earlier of the date the return is filed or the extended due LINE 56 ESTIMATED TAX
date, the following penalties will apply: If you are filing an original return, subtract line 55 from line 54.
The amount you enter will be applied to your 2009 tax and won't
• If the return is filed on or before the extended due date, a 0.5% be refunded.
per month late payment penalty will be computed on tax due
from the date the return is filed to the date of payment, or
11
12. FORM 40
LINE 57 DIRECT DEPOSIT
Complete line 57 if you want us to deposit your refund
directly into your bank account instead of mailing you a
check.
Contact your bank to make sure your deposit will be
accepted and that you have the correct routing and
account numbers.
Enter your nine-digit routing number. The routing number
must begin with 01 through 12, or 21 through 32.
Enter the account number of the account into which you
want your refund deposited. The account number can be up
to 17 characters (both numbers and letters). Don't include
hyphens, spaces, or special symbols. Enter the number left
to right and leave any unused boxes blank.
AMENDED RETURN ONLY
Check the appropriate box for account type. Check either
checking or savings, but not both. Complete lines 58 through 61 only if you are filing this return
as an amended return.
The check example indicates where the proper banking
information is located. You are responsible for the accuracy LINE 58 TOTAL TAX DUE OR OVERPAYMENT ON THIS
of this information. RETURN
If the total tax due shown on line 53 is greater than zero,
If your financial institution rejects your request for direct enter this amount on line 58. The amount from line 53
deposit, you will receive a check by mail instead. should be entered as a positive amount.
If line 53 is zero, enter the amount of overpayment that is
shown on line 54 on line 58. The amount from line 54 should
be entered as a negative amount.
12