210 lines
17 KiB
Plaintext
210 lines
17 KiB
Plaintext
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<span style="position:absolute; border: gray 1px solid; left:0px; top:50px; width:612px; height:1008px;"></span>
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<div style="position:absolute; top:50px;"><a name="1">Page 1</a></div>
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<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
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<br>Userid: ________ DTD INSTR04
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:12px">PAGER/SGML
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">(Init. & date)
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<br>Fileid:
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:6px">D:\USERS\8fllb\documents\epicfiles\2007Instructions1040NR.sgm
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:11px">Page 1 of 48 Instructions for Form 1040NR
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<br>7:48 - 6-DEC-2007
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<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
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<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.
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<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
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:22px">Instructions for
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<br>Form 1040NR
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<br></span><span style="font-family: PDDJCE+FranklinGothic-Demi; font-size:11px">U.S. Nonresident Alien Income Tax Return
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<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
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<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:8px">Internal Revenue Service
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<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
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">Section references are to the Internal
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<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.
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">Revenue Code unless otherwise noted.
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<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
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<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Domestic production activities
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">2007 is increased to 6%.
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<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:11px">What’s New for 2007
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<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Unreported social security and
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<br>Medicare tax on wages.
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px"> If you are
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<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
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<br>an employee and your employer did not
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<br>tax benefits were extended through
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<br>withhold social security and Medicare
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<br>2007.
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<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
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<br>tax, see Form 8919 to figure and report
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<br>this tax.
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<br>figuring adjusted gross income.
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<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
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<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Refundable credit for prior-year
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<br>minimum tax.
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">If you have an unused
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<br>homebuyer credit.
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<br>minimum tax credit carryforward from
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<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Alternative minimum tax (AMT)
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">2004, see Form 8801 to find if you can
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<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
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<br>take this credit.
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<br>AMT exemption amount is decreased to
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<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Health savings account (HSA)
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">$33,750 ($45,000 if a qualifying
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<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
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<br>widow(er); $22,500 if married filing
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<br>able to elect to exclude from income a
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<br>separately).
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<br>distribution made from your IRA to your
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<br></span><span style="font-family: PDDJAC+Helvetica-Oblique; font-size:7px">At the time these instructions
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">HSA. See the instructions for lines 16a
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<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:14px">!
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<br></span><span style="font-family: PDDJAC+Helvetica-Oblique; font-size:7px">went to print, Congress was
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">and 16b beginning on page 12.
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<br></span><span style="font-family: PDDJAC+Helvetica-Oblique; font-size:7px">considering legislation that
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<br></span><span style="font-family: PDDJEF+Helvetica-Black; font-size:4px">CAUTION
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<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">New recordkeeping requirements for
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<br></span><span style="font-family: PDDJAC+Helvetica-Oblique; font-size:7px">would increase the amounts above. To
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<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">contributions of money.
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px"> For
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<br></span><span style="font-family: PDDJAC+Helvetica-Oblique; font-size:7px">find out if this legislation was enacted,
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">charitable contributions of money,
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<br></span><span style="font-family: PDDJAC+Helvetica-Oblique; font-size:7px">and for more details, see the
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">regardless of the amount, you must
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<br></span><span style="font-family: PDDJAC+Helvetica-Oblique; font-size:7px">Instructions for Form 6251.
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">maintain as a record of the contribution
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<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">IRA deduction expanded.
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">If you were
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<br>a bank record (such as a cancelled
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<br>covered by a retirement plan, you may
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<br>check) or a written record from the
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<br>be able to take an IRA deduction if your
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<br>charity. The written record must include
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<br>2007 modified adjusted gross income
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<br>the name of the charity, date, and
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<br>(AGI) is less than $62,000 ($103,000 if
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<br>amount of the contribution. See </span><span style="font-family: PDDJAC+Helvetica-Oblique; font-size:7px">Gifts to
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">a qualifying widow(er)).
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<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.
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<br>You may be able to deduct up to an
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<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Exemption for housing a person
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">additional $3,000 if you were a
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<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">displaced by Hurricane Katrina
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">participant in a 401(k) plan and your
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<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
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<br>employer was in bankruptcy in an
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<br>amount for housing a person displaced
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<br>earlier year.
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<br>by Hurricane Katrina does not apply for
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<br>2007 or later years.
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<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
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<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Telephone excise tax credit.
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">rate for business use of your vehicle is
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<br> This
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<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
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<br>credit was available only on your 2006
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<br>use of your vehicle to move is 20 cents
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<br>return. If you filed but did not request it
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<br>a mile. The special rate for charitable
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<br>on your 2006 return, file Form 1040X
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<br>use of your vehicle to provide relief
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<br>using a simplified procedure explained
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<br>related to Hurricane Katrina has
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<br>in its instructions to amend your 2006
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<br>expired.
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<br>return. If you were not required to file a
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<br>2006 return, see the 2006 Form
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<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
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<br>1040EZ-T.
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<br>maximum amount you can defer under
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<br>all plans is generally limited to $15,500
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<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:11px">What’s New for 2008
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">($10,500 if you only have SIMPLE
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<br>plans; $18,500 for section 403(b) plans
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<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
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<br>if you qualify for the 15-year rule). See
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<br>be able to deduct up to $5,000 ($6,000
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<br>the instructions for line 8 on page 10.
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<br>if age 50 or older at the end of the
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<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Mailing your return.
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">year). You may be able to take an IRA
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<br> If you are filing
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<br>the return for an estate or trust, you will
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<br>deduction if you were covered by a
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<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
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<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
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<br>AGI is less than $63,000 ($105,000) if a
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<br>qualifying widow(er)).
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<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
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<br>additional $3,000 if you were a
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<br>participant in a 401(k) plan and your
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<br>employer was in bankruptcy in an
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<br>earlier year.
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<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Personal exemption and itemized
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<br>deduction phaseouts reduced.
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">Taxpayers with adjusted gross income
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<br>above a certain amount may lose part
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<br>of their deduction for personal
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<br>exemptions and itemized deductions.
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<br>The amount by which these deductions
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<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
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<br>the amount of the reduction that
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<br>otherwise would have applied in 2007.
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<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Capital gain tax rate reduced.
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px"> The
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<br>5% capital gain tax rate is reduced to
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<br>zero.
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<br></span><span style="font-family: PDDJAD+Helvetica-Bold; font-size:7px">Tax on children’s income.
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px"> Form
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<br>8615 will be required to figure the tax
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<br>for the following children with
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<br>investment income of more than
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<br>$1,800.
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<br>1. Children under age 18 at the end
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<br>of 2008.
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<br>2. The following children if their
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<br>earned income is not more than half
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<br>their support.
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<br>a. Children age 18 at the end of
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<br>2008.
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<br>b. Children over age 18 and under
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<br>age 24 at the end of 2008 who are
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">full-time students.
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<br>The election to report a child’s
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<br>investment income on a parent’s return
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<br>and the special rule for when a child
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<br>must file Form 6251 will also apply to
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<br>the children listed above.
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<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
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<br>benefits are scheduled to expire and
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<br>will not apply for 2008.
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<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
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<br>figuring adjusted gross income.
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<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
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<br>qualified charitable deductions.
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<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
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<br>property.
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<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
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<br></span><span style="font-family: PDDIPA+Helvetica; font-size:7px">homebuyer credit (for homes
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<br>purchased after 2007).
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<br></span></div><span style="position:absolute; border: black 1px solid; left:497px; top:157px; width:67px; height:0px;"></span>
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<span style="position:absolute; border: black 1px solid; left:42px; top:184px; width:528px; height:0px;"></span>
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<span style="position:absolute; border: black 1px solid; left:428px; top:298px; width:11px; height:25px;"></span>
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<span style="position:absolute; border: black 1px solid; left:426px; top:298px; width:5px; height:18px;"></span>
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<span style="position:absolute; border: black 1px solid; left:430px; top:301px; width:7px; height:23px;"></span>
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<span style="position:absolute; border: black 1px solid; left:430px; top:308px; width:4px; height:13px;"></span>
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<span style="position:absolute; border: black 1px solid; left:418px; top:304px; width:11px; height:12px;"></span>
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<span style="position:absolute; border: black 1px solid; left:422px; top:315px; width:8px; height:10px;"></span>
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<span style="position:absolute; border: black 1px solid; left:414px; top:315px; width:8px; height:10px;"></span>
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<span style="position:absolute; border: black 1px solid; left:421px; top:309px; width:1px; height:10px;"></span>
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<span style="position:absolute; border: black 1px solid; left:407px; top:297px; width:17px; height:26px;"></span>
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<span style="position:absolute; border: black 1px solid; left:420px; top:306px; width:3px; height:1px;"></span>
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<span style="position:absolute; border: black 1px solid; left:416px; top:318px; width:3px; height:5px;"></span>
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<span style="position:absolute; border: black 1px solid; left:424px; top:318px; width:3px; height:5px;"></span>
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<span style="position:absolute; border: black 1px solid; left:42px; top:417px; width:528px; height:0px;"></span>
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<span style="position:absolute; border: black 1px solid; left:42px; top:638px; width:27px; height:27px;"></span>
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<span style="position:absolute; border: black 1px solid; left:45px; top:641px; width:21px; height:18px;"></span>
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<div style="position:absolute; top:0px;">Page: <a href="#1">1</a></div>
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</body></html>
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