2010-03-22 04:34:52 +00:00
|
|
|
|
PAGER/SGML
|
2013-11-07 08:44:09 +00:00
|
|
|
|
Page 1 of 48 Instructions for Form 1040NR
|
|
|
|
|
|
|
|
|
|
Userid: ________ DTD INSTR04
|
2010-03-22 04:34:52 +00:00
|
|
|
|
Fileid:
|
2013-11-07 08:44:09 +00:00
|
|
|
|
|
2010-03-22 04:34:52 +00:00
|
|
|
|
D:\USERS\8fllb\documents\epicfiles\2007Instructions1040NR.sgm
|
2013-11-07 08:44:09 +00:00
|
|
|
|
|
|
|
|
|
Leadpct: 0% Pt. size: 9.5 ❏ Draft
|
2010-03-22 04:34:52 +00:00
|
|
|
|
|
|
|
|
|
❏ Ok to Print
|
|
|
|
|
|
2013-11-07 08:44:09 +00:00
|
|
|
|
(Init. & date)
|
|
|
|
|
7:48 - 6-DEC-2007
|
|
|
|
|
|
2010-03-22 04:34:52 +00:00
|
|
|
|
The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.
|
|
|
|
|
|
|
|
|
|
2007
|
|
|
|
|
Instructions for
|
|
|
|
|
Form 1040NR
|
2013-11-07 08:44:09 +00:00
|
|
|
|
U.S. Nonresident Alien Income Tax Return
|
2010-03-22 04:34:52 +00:00
|
|
|
|
|
2013-11-07 08:44:09 +00:00
|
|
|
|
Section references are to the Internal
|
|
|
|
|
Revenue Code unless otherwise noted.
|
2010-03-22 04:34:52 +00:00
|
|
|
|
|
2010-10-17 05:15:28 +00:00
|
|
|
|
use a different address this year. See
|
|
|
|
|
Where To File on page 4.
|
2010-12-25 08:41:11 +00:00
|
|
|
|
General Instructions deduction. The deduction rate for
|
2010-10-17 05:15:28 +00:00
|
|
|
|
Domestic production activities
|
2010-12-25 08:41:11 +00:00
|
|
|
|
What’s New for 2007
|
|
|
|
|
Tax benefits extended. The following
|
|
|
|
|
tax benefits were extended through
|
|
|
|
|
2007.
|
|
|
|
|
• Deduction for educator expenses in
|
|
|
|
|
figuring adjusted gross income.
|
|
|
|
|
• District of Columbia first-time
|
2013-11-07 08:44:09 +00:00
|
|
|
|
homebuyer credit.
|
|
|
|
|
Alternative minimum tax (AMT)
|
|
|
|
|
exemption amount decreased. The
|
|
|
|
|
AMT exemption amount is decreased to
|
|
|
|
|
$33,750 ($45,000 if a qualifying
|
|
|
|
|
widow(er); $22,500 if married filing
|
|
|
|
|
separately).
|
|
|
|
|
|
|
|
|
|
For
|
|
|
|
|
|
|
|
|
|
If you are
|
|
|
|
|
|
|
|
|
|
2007 is increased to 6%.
|
|
|
|
|
Unreported social security and
|
|
|
|
|
Medicare tax on wages.
|
|
|
|
|
an employee and your employer did not
|
|
|
|
|
withhold social security and Medicare
|
|
|
|
|
tax, see Form 8919 to figure and report
|
|
|
|
|
this tax.
|
2010-10-17 05:15:28 +00:00
|
|
|
|
Refundable credit for prior-year
|
|
|
|
|
minimum tax.
|
|
|
|
|
If you have an unused
|
|
|
|
|
minimum tax credit carryforward from
|
|
|
|
|
2004, see Form 8801 to find if you can
|
|
|
|
|
take this credit.
|
|
|
|
|
Health savings account (HSA)
|
2010-12-25 08:41:11 +00:00
|
|
|
|
funding distributions. You may be
|
2010-10-17 05:15:28 +00:00
|
|
|
|
able to elect to exclude from income a
|
|
|
|
|
distribution made from your IRA to your
|
|
|
|
|
HSA. See the instructions for lines 16a
|
2013-11-07 08:44:09 +00:00
|
|
|
|
and 16b beginning on page 12.
|
|
|
|
|
New recordkeeping requirements for
|
|
|
|
|
contributions of money.
|
|
|
|
|
charitable contributions of money,
|
|
|
|
|
regardless of the amount, you must
|
|
|
|
|
maintain as a record of the contribution
|
|
|
|
|
a bank record (such as a cancelled
|
|
|
|
|
check) or a written record from the
|
|
|
|
|
charity. The written record must include
|
|
|
|
|
the name of the charity, date, and
|
|
|
|
|
amount of the contribution. See Gifts to
|
|
|
|
|
U.S. Charities that begins on page 26.
|
|
|
|
|
Exemption for housing a person
|
|
|
|
|
displaced by Hurricane Katrina
|
|
|
|
|
expires. The additional exemption
|
|
|
|
|
amount for housing a person displaced
|
|
|
|
|
by Hurricane Katrina does not apply for
|
|
|
|
|
2007 or later years.
|
|
|
|
|
Telephone excise tax credit.
|
|
|
|
|
credit was available only on your 2006
|
|
|
|
|
return. If you filed but did not request it
|
|
|
|
|
on your 2006 return, file Form 1040X
|
|
|
|
|
using a simplified procedure explained
|
|
|
|
|
in its instructions to amend your 2006
|
|
|
|
|
return. If you were not required to file a
|
|
|
|
|
2006 return, see the 2006 Form
|
|
|
|
|
1040EZ-T.
|
|
|
|
|
What’s New for 2008
|
|
|
|
|
IRA deduction expanded. You may
|
|
|
|
|
be able to deduct up to $5,000 ($6,000
|
|
|
|
|
if age 50 or older at the end of the
|
|
|
|
|
year). You may be able to take an IRA
|
|
|
|
|
deduction if you were covered by a
|
|
|
|
|
|
|
|
|
|
This
|
|
|
|
|
|
|
|
|
|
Cat. No. 11368V
|
|
|
|
|
|
2010-12-25 08:41:11 +00:00
|
|
|
|
!
|
2013-11-07 08:44:09 +00:00
|
|
|
|
|
|
|
|
|
At the time these instructions
|
2010-12-25 08:41:11 +00:00
|
|
|
|
went to print, Congress was
|
|
|
|
|
considering legislation that
|
2013-11-07 08:44:09 +00:00
|
|
|
|
|
2010-12-25 08:41:11 +00:00
|
|
|
|
CAUTION
|
|
|
|
|
would increase the amounts above. To
|
|
|
|
|
find out if this legislation was enacted,
|
|
|
|
|
and for more details, see the
|
|
|
|
|
Instructions for Form 6251.
|
|
|
|
|
IRA deduction expanded.
|
|
|
|
|
covered by a retirement plan, you may
|
|
|
|
|
be able to take an IRA deduction if your
|
|
|
|
|
2007 modified adjusted gross income
|
|
|
|
|
(AGI) is less than $62,000 ($103,000 if
|
|
|
|
|
a qualifying widow(er)).
|
2013-11-07 08:44:09 +00:00
|
|
|
|
|
|
|
|
|
If you were
|
|
|
|
|
|
2010-12-25 08:41:11 +00:00
|
|
|
|
You may be able to deduct up to an
|
2013-11-07 08:44:09 +00:00
|
|
|
|
|
2010-12-25 08:41:11 +00:00
|
|
|
|
additional $3,000 if you were a
|
|
|
|
|
participant in a 401(k) plan and your
|
|
|
|
|
employer was in bankruptcy in an
|
|
|
|
|
earlier year.
|
|
|
|
|
Standard mileage rates. The 2007
|
|
|
|
|
rate for business use of your vehicle is
|
|
|
|
|
481/2 cents a mile. The 2007 rate for
|
|
|
|
|
use of your vehicle to move is 20 cents
|
|
|
|
|
a mile. The special rate for charitable
|
|
|
|
|
use of your vehicle to provide relief
|
|
|
|
|
related to Hurricane Katrina has
|
|
|
|
|
expired.
|
|
|
|
|
Elective salary deferrals. The
|
|
|
|
|
maximum amount you can defer under
|
|
|
|
|
all plans is generally limited to $15,500
|
|
|
|
|
($10,500 if you only have SIMPLE
|
|
|
|
|
plans; $18,500 for section 403(b) plans
|
|
|
|
|
if you qualify for the 15-year rule). See
|
|
|
|
|
the instructions for line 8 on page 10.
|
|
|
|
|
Mailing your return.
|
2011-02-27 10:48:22 +00:00
|
|
|
|
If you are filing
|
2010-12-25 08:41:11 +00:00
|
|
|
|
the return for an estate or trust, you will
|
2010-03-22 04:34:52 +00:00
|
|
|
|
|
2013-11-07 08:44:09 +00:00
|
|
|
|
Department of the Treasury
|
|
|
|
|
Internal Revenue Service
|
2010-03-22 04:34:52 +00:00
|
|
|
|
|
2010-12-25 08:41:11 +00:00
|
|
|
|
retirement plan and your 2008 modified
|
|
|
|
|
AGI is less than $63,000 ($105,000) if a
|
|
|
|
|
qualifying widow(er)).
|
|
|
|
|
|
|
|
|
|
You may be able to deduct up to an
|
2013-11-07 08:44:09 +00:00
|
|
|
|
|
2010-12-25 08:41:11 +00:00
|
|
|
|
additional $3,000 if you were a
|
|
|
|
|
participant in a 401(k) plan and your
|
|
|
|
|
employer was in bankruptcy in an
|
|
|
|
|
earlier year.
|
|
|
|
|
Personal exemption and itemized
|
|
|
|
|
deduction phaseouts reduced.
|
|
|
|
|
Taxpayers with adjusted gross income
|
|
|
|
|
above a certain amount may lose part
|
|
|
|
|
of their deduction for personal
|
|
|
|
|
exemptions and itemized deductions.
|
|
|
|
|
The amount by which these deductions
|
|
|
|
|
are reduced in 2008 will be only 1/2 of
|
|
|
|
|
the amount of the reduction that
|
|
|
|
|
otherwise would have applied in 2007.
|
|
|
|
|
Capital gain tax rate reduced.
|
|
|
|
|
The
|
|
|
|
|
5% capital gain tax rate is reduced to
|
|
|
|
|
zero.
|
|
|
|
|
Tax on children’s income.
|
|
|
|
|
8615 will be required to figure the tax
|
|
|
|
|
for the following children with
|
|
|
|
|
investment income of more than
|
|
|
|
|
$1,800.
|
2013-11-07 08:44:09 +00:00
|
|
|
|
|
|
|
|
|
Form
|
|
|
|
|
|
2010-12-25 08:41:11 +00:00
|
|
|
|
1. Children under age 18 at the end
|
2013-11-07 08:44:09 +00:00
|
|
|
|
|
2010-12-25 08:41:11 +00:00
|
|
|
|
of 2008.
|
2013-11-07 08:44:09 +00:00
|
|
|
|
|
2010-12-25 08:41:11 +00:00
|
|
|
|
2. The following children if their
|
2013-11-07 08:44:09 +00:00
|
|
|
|
|
2010-12-25 08:41:11 +00:00
|
|
|
|
earned income is not more than half
|
|
|
|
|
their support.
|
2013-11-07 08:44:09 +00:00
|
|
|
|
|
2010-12-25 08:41:11 +00:00
|
|
|
|
a. Children age 18 at the end of
|
2013-11-07 08:44:09 +00:00
|
|
|
|
|
2010-12-25 08:41:11 +00:00
|
|
|
|
2008.
|
2013-11-07 08:44:09 +00:00
|
|
|
|
|
2010-12-25 08:41:11 +00:00
|
|
|
|
b. Children over age 18 and under
|
2013-11-07 08:44:09 +00:00
|
|
|
|
|
2010-12-25 08:41:11 +00:00
|
|
|
|
age 24 at the end of 2008 who are
|
|
|
|
|
full-time students.
|
|
|
|
|
The election to report a child’s
|
|
|
|
|
investment income on a parent’s return
|
|
|
|
|
and the special rule for when a child
|
|
|
|
|
must file Form 6251 will also apply to
|
|
|
|
|
the children listed above.
|
|
|
|
|
Expiring tax benefits. The following
|
|
|
|
|
benefits are scheduled to expire and
|
|
|
|
|
will not apply for 2008.
|
|
|
|
|
• Deduction for educator expenses in
|
|
|
|
|
figuring adjusted gross income.
|
|
|
|
|
• The exclusion from income of
|
|
|
|
|
qualified charitable deductions.
|
|
|
|
|
• Credit for nonbusiness energy
|
|
|
|
|
property.
|
|
|
|
|
• District of Columbia first-time
|
|
|
|
|
homebuyer credit (for homes
|
|
|
|
|
purchased after 2007).
|
|
|
|
|
|
2010-03-22 04:34:52 +00:00
|
|
|
|
|