Part-Year Residents and Nonresidents

Colorado Credit For Tax Paid to Another State--General, Part-Year Residents and Nonresidents If you have income that was earned and is taxable in another state, but was received while you were a resident of Colorado, this income is taxed in both states. To prevent this income from being taxed twice, a credit is available for tax paid to that other state. It is important to note that the income [...]

Form 1099-MISC

File Form 1099-MISC, Miscellaneous Income, for each person in the course of your business to whom you have paid the following during the year: • At least $10 in royalties (see the instructions for box 2) or broker payments in lieu of dividends or tax-exempt interest (see the instructions for box 8). • At least $600 in: 1. Rents (box 1); 2. Prizes and awards (see the [...]

Form 8828 - Recapture of Federal Mortgage Subsidy

Purpose of Form Use this form to figure and report the recapture tax on the mortgage subsidy if you sold or otherwise disposed of your federally subsidized home. Federal Mortgage Subsidy You have a federal mortgage subsidy if you received either of the following benefits: A mortgage loan (including a qualified rehabilitation loan) that had a lower interest rate than was usually charged [...]

Who Qualifies to File Form 2555 (Foreign Earned Income)?

Purpose of Form If you are a U.S. citizen or a U.S. resident alien living in a foreign country, you are subject to the same U.S. income tax laws that apply to citizens and resident aliens living in the United States. But if you qualify, use Form 2555 to exclude a limited amount of your foreign earned income. Also, use it to claim the housing exclusion or deduction. You may not exclude or deduct [...]

Arkansas Estimated Tax Payments

If you made an Estimated Declaration and paid estimated tax payments on income OTHER THAN wages, salaries, tips, etc., write the amounts paid in this space. The only amounts to enter here are payments you made on last years Declaration of Estimated Income Tax (includes January 15, installment and/or credit brought forward from last years tax return). DO NOT include PENALTIES OR INTEREST as part [...]