2010-03-22 04:34:52 +00:00
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<div style="position:absolute; top:50px;"><a name="1">Page 1</a></div>
2010-12-25 08:41:11 +00:00
<div style="position:absolute; border: textbox 1px solid; writing-mode:lr-tb; left:36px; top:129px; width:536px; height:51px;"><span style="font-family: PDDIPA+Helvetica; font-size:7px">Leadpct: 0% Pt. size: 9.5 </span><span style="font-family: PDDJAB+ZapfDingbats; font-size:9px">❏ </span><span style="font-family: PDDIPA+Helvetica; font-size:7px">Draft
<br>Userid: ________ DTD INSTR04
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:12px">PAGER/SGML
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">(Init. & date)
<br>Fileid:
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:6px">D:\USERS\8fllb\documents\epicfiles\2007Instructions1040NR.sgm
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:11px">Page 1 of 48 Instructions for Form 1040NR
<br>7:48 - 6-DEC-2007
<br></span></div><div style="position:absolute; border: textbox 1px solid; writing-mode:lr-tb; left:505px; top:129px; width:57px; height:15px;"><span style="font-family: PDDJAB+ZapfDingbats; font-size:9px">❏ </span><span style="font-family: PDDIPA+Helvetica; font-size:7px">Ok to Print
<br></span></div><div style="position:absolute; border: textbox 1px solid; writing-mode:lr-tb; left:42px; top:198px; width:489px; height:10px;"><span style="font-family: PDDJAC+Helvetica-Oblique; font-size:7px">The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.
<br></span></div><div style="position:absolute; border: textbox 1px solid; writing-mode:lr-tb; left:42px; top:285px; width:267px; height:130px;"><span style="font-family: PDDJAD+Helvetica-Bold; font-size:32px">20</span><span style="font-family: PDDJCD+Helvetica-Condensed-Black; font-size:34px">07
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:22px">Instructions for
<br>Form 1040NR
<br></span><span style="font-family: PDDJCE+FranklinGothic-Demi; font-size:11px">U.S. Nonresident Alien Income Tax Return
<br></span></div><div style="position:absolute; border: textbox 1px solid; writing-mode:lr-tb; left:445px; top:299px; width:122px; height:23px;"><span style="font-family: PDDIPA+Helvetica; font-size:8px">Department of the Treasury
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:8px">Internal Revenue Service
<br></span></div><div style="position:absolute; border: textbox 1px solid; writing-mode:lr-tb; left:41px; top:428px; width:346px; height:575px;"><span style="font-family: PDDIPA+Helvetica; font-size:7px">use a different address this year. See
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">Section references are to the Internal
<br></span><span style="font-family: PDDJAC+Helvetica-Oblique; font-size:7px">Where To File</span><span style="font-family: PDDIPA+Helvetica; font-size:7px"> on page 4.
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">Revenue Code unless otherwise noted.
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:14px">General Instructions </span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">deduction. </span><span style="font-family: PDDIPA+Helvetica; font-size:7px">The deduction rate for
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Domestic production activities
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">2007 is increased to 6%.
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:11px">What’
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Unreported social security and
<br>Medicare tax on wages.
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px"> If you are
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Tax benefits extended. </span><span style="font-family: PDDIPA+Helvetica; font-size:7px">The following
<br>an employee and your employer did not
<br>tax benefits were extended through
<br>withhold social security and Medicare
<br>2007.
<br></span><span style="font-family: PDDJDF+Symbol; font-size:10px">• </span><span style="font-family: PDDIPA+Helvetica; font-size:7px">Deduction for educator expenses in
<br>tax, see Form 8919 to figure and report
<br>this tax.
<br>figuring adjusted gross income.
<br></span><span style="font-family: PDDJDF+Symbol; font-size:10px">• </span><span style="font-family: PDDIPA+Helvetica; font-size:7px">District of Columbia first-time
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Refundable credit for prior-year
<br>minimum tax.
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">If you have an unused
<br>homebuyer credit.
<br>minimum tax credit carryforward from
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Alternative minimum tax (AMT)
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">2004, see Form 8801 to find if you can
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">exemption amount decreased. </span><span style="font-family: PDDIPA+Helvetica; font-size:7px">The
<br>take this credit.
<br>AMT exemption amount is decreased to
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Health savings account (HSA)
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">$33,750 ($45,000 if a qualifying
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">funding distributions. </span><span style="font-family: PDDIPA+Helvetica; font-size:7px">You may be
<br>widow(er); $22,500 if married filing
<br>able to elect to exclude from income a
<br>separately).
<br>distribution made from your IRA to your
<br></span><span style="font-family: PDDJAC+Helvetica-Oblique; font-size:7px">At the time these instructions
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">HSA. See the instructions for lines 16a
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:14px">!
<br></span><span style="font-family: PDDJAC+Helvetica-Oblique; font-size:7px">went to print, Congress was
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">and 16b beginning on page 12.
<br></span><span style="font-family: PDDJAC+Helvetica-Oblique; font-size:7px">considering legislation that
<br></span><span style="font-family: PDDJEF+Helvetica-Black; font-size:4px">CAUTION
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">New recordkeeping requirements for
<br></span><span style="font-family: PDDJAC+Helvetica-Oblique; font-size:7px">would increase the amounts above. To
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">contributions of money.
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px"> For
<br></span><span style="font-family: PDDJAC+Helvetica-Oblique; font-size:7px">find out if this legislation was enacted,
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">charitable contributions of money,
<br></span><span style="font-family: PDDJAC+Helvetica-Oblique; font-size:7px">and for more details, see the
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">regardless of the amount, you must
<br></span><span style="font-family: PDDJAC+Helvetica-Oblique; font-size:7px">Instructions for Form 6251.
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">maintain as a record of the contribution
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">IRA deduction expanded.
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">If you were
<br>a bank record (such as a cancelled
<br>covered by a retirement plan, you may
<br>check) or a written record from the
<br>be able to take an IRA deduction if your
<br>charity. The written record must include
<br>2007 modified adjusted gross income
<br>the name of the charity, date, and
<br>(AGI) is less than $62,000 ($103,000 if
<br>amount of the contribution. See </span><span style="font-family: PDDJAC+Helvetica-Oblique; font-size:7px">Gifts to
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">a qualifying widow(er)).
<br></span><span style="font-family: PDDJAC+Helvetica-Oblique; font-size:7px">U.S. Charities</span><span style="font-family: PDDIPA+Helvetica; font-size:7px"> that begins on page 26.
<br>You may be able to deduct up to an
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Exemption for housing a person
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">additional $3,000 if you were a
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">displaced by Hurricane Katrina
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">participant in a 401(k) plan and your
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">expires. </span><span style="font-family: PDDIPA+Helvetica; font-size:7px">The additional exemption
<br>employer was in bankruptcy in an
<br>amount for housing a person displaced
<br>earlier year.
<br>by Hurricane Katrina does not apply for
<br>2007 or later years.
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Standard mileage rates. </span><span style="font-family: PDDIPA+Helvetica; font-size:7px">The 2007
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Telephone excise tax credit.
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">rate for business use of your vehicle is
<br> This
<br>48</span><span style="font-family: PDDIPA+Helvetica; font-size:4px">1</span><span style="font-family: PDDIPA+Helvetica; font-size:7px">/</span><span style="font-family: PDDIPA+Helvetica; font-size:4px">2</span><span style="font-family: PDDIPA+Helvetica; font-size:7px"> cents a mile. The 2007 rate for
<br>credit was available only on your 2006
<br>use of your vehicle to move is 20 cents
<br>return. If you filed but did not request it
<br>a mile. The special rate for charitable
<br>on your 2006 return, file Form 1040X
<br>use of your vehicle to provide relief
<br>using a simplified procedure explained
<br>related to Hurricane Katrina has
<br>in its instructions to amend your 2006
<br>expired.
<br>return. If you were not required to file a
<br>2006 return, see the 2006 Form
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Elective salary deferrals. </span><span style="font-family: PDDIPA+Helvetica; font-size:7px">The
<br>1040EZ-T.
<br>maximum amount you can defer under
<br>all plans is generally limited to $15,500
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:11px">What’
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">($10,500 if you only have SIMPLE
<br>plans; $18,500 for section 403(b) plans
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">IRA deduction expanded. </span><span style="font-family: PDDIPA+Helvetica; font-size:7px">You may
<br>if you qualify for the 15-year rule). See
<br>be able to deduct up to $5,000 ($6,000
<br>the instructions for line 8 on page 10.
<br>if age 50 or older at the end of the
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Mailing your return.
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px"> If you are filing
<br>year). You may be able to take an IRA
<br>deduction if you were covered by a
<br>the return for an estate or trust, you will
<br></span></div><div style="position:absolute; border: textbox 1px solid; writing-mode:lr-tb; left:276px; top:1015px; width:59px; height:9px;"><span style="font-family: PDDIPA+Helvetica; font-size:6px">Cat. No. 11368V
<br></span></div><div style="position:absolute; border: textbox 1px solid; writing-mode:lr-tb; left:401px; top:428px; width:167px; height:30px;"><span style="font-family: PDDIPA+Helvetica; font-size:7px">retirement plan and your 2008 modified
<br>AGI is less than $63,000 ($105,000) if a
<br>qualifying widow(er)).
<br></span></div><div style="position:absolute; border: textbox 1px solid; writing-mode:lr-tb; left:401px; top:465px; width:164px; height:539px;"><span style="font-family: PDDIPA+Helvetica; font-size:7px">You may be able to deduct up to an
<br>additional $3,000 if you were a
<br>participant in a 401(k) plan and your
<br>employer was in bankruptcy in an
<br>earlier year.
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Personal exemption and itemized
<br>deduction phaseouts reduced.
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">Taxpayers with adjusted gross income
<br>above a certain amount may lose part
<br>of their deduction for personal
<br>exemptions and itemized deductions.
<br>The amount by which these deductions
<br>are reduced in 2008 will be only </span><span style="font-family: PDDIPA+Helvetica; font-size:4px">1</span><span style="font-family: PDDIPA+Helvetica; font-size:7px">/</span><span style="font-family: PDDIPA+Helvetica; font-size:4px">2</span><span style="font-family: PDDIPA+Helvetica; font-size:7px"> of
<br>the amount of the reduction that
<br>otherwise would have applied in 2007.
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Capital gain tax rate reduced.
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px"> The
<br>5% capital gain tax rate is reduced to
<br>zero.
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Tax on children’
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px"> Form
<br>8615 will be required to figure the tax
<br>for the following children with
<br>investment income of more than
<br>$1,800.
<br>1. Children under age 18 at the end
<br>of 2008.
<br>2. The following children if their
<br>earned income is not more than half
<br>their support.
<br>a. Children age 18 at the end of
<br>2008.
<br>b. Children over age 18 and under
<br>age 24 at the end of 2008 who are
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">full-time students.
<br>The election to report a child’
<br>investment income on a parent’
<br>and the special rule for when a child
<br>must file Form 6251 will also apply to
<br>the children listed above.
<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Expiring tax benefits. </span><span style="font-family: PDDIPA+Helvetica; font-size:7px">The following
<br>benefits are scheduled to expire and
<br>will not apply for 2008.
<br></span><span style="font-family: PDDJDF+Symbol; font-size:10px">• </span><span style="font-family: PDDIPA+Helvetica; font-size:7px">Deduction for educator expenses in
<br>figuring adjusted gross income.
<br></span><span style="font-family: PDDJDF+Symbol; font-size:10px">• </span><span style="font-family: PDDIPA+Helvetica; font-size:7px">The exclusion from income of
<br>qualified charitable deductions.
<br></span><span style="font-family: PDDJDF+Symbol; font-size:10px">• </span><span style="font-family: PDDIPA+Helvetica; font-size:7px">Credit for nonbusiness energy
<br>property.
<br></span><span style="font-family: PDDJDF+Symbol; font-size:10px">• </span><span style="font-family: PDDIPA+Helvetica; font-size:7px">District of Columbia first-time
<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">homebuyer credit (for homes
<br>purchased after 2007).
<br></span></div><span style="position:absolute; border: black 1px solid; left:497px; top:157px; width:67px; height:0px;"></span>
2010-03-22 04:34:52 +00:00
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