State federal tax return

Tax return (United States) explained

Tax returns in the United States are reports filed with the Internal Revenue Service (IRS) or with the state or local tax collection agency (California Franchise Tax Board, for example) containing information used to calculate income tax or other taxes. Tax returns are generally prepared using forms prescribed by the IRS or other applicable taxing authority.

To help lower-income families and individuals pay for coverage, the United States government started offering financial support in the form of subsidies, to offset the cost of monthly healthcare insurance premiums and out-of-pocket costs. Premium tax credits are available, depending on 2015 household size and income, and insurance status should be reported when filing a tax return. [1]

Under the Internal Revenue Code returns can be classified as either tax returns or information returns, although the term "tax return" is sometimes used to describe both kinds of returns in a broad sense. Tax returns, in the more narrow sense, are reports of tax liabilities and payments, often including financial information used to compute the tax. A very common federal tax form is IRS Form 1040.

A tax return provides information so that the taxation authority can check on the taxpayer's calculations, or can determine the amount of tax owed if the taxpayer is not required to calculate that amount. [2] In contrast, an information return is a declaration by some person, such as a third party, providing economic information about one or more potential taxpayers. [2]

Information returns are reports used to transmit information about income, receipts or other matters that may affect tax liabilities. For example, Form W-2 and Form 1099 are used to report on the amount of income that an employer, independent contractor, broker, or other payer pays to a taxpayer. A company, employer, or party which has paid income (or, in a few cases, proceeds that may ultimately be determined not to be income) to a taxpayer is required to file the applicable information return directly with the IRS. A copy of the information return is also sent directly to the payee. These procedures enable the IRS to make reasonably sure that taxpayers report income correctly.

In the United States, taxpayers may file an amended return with the Internal Revenue Service to correct errors reported on a previous income tax return. Typically a taxpayer does not need to file an amended return if he or she has math errors as the IRS will make the necessary corrections. For individuals, amended returns are filed using Form 1040X, Amended U.S. Individual Income Tax Return. In some cases taxpayers may use Form 1045, for example, to carry back a Net Operating Loss to a prior tax period. Form 1045 is generally processed much faster than Form 1040X.

The IRS has power to require people to file Federal tax returns under . [3] Persons required to file Federal income tax are identified by . [3] People who receive more than the statutory minimum amount of gross income must file. [3]

The standard U.S. individual tax return is Form 1040. There are several variations of this form, such as the 1040EZ and the 1040A, as well as many supplemental forms.

U.S. citizens and residents who realize gross income in excess of a specified amount (adjusted annually for inflation) are required by law to file Federal income tax returns (and pay remaining income taxes if applicable).

Gross income includes most kinds of income regardless of whether the income arises from legitimate businesses. Income from the sale of illegal drugs, for example, is taxable. Many criminals, such as Al Capone, are indicted not (or not only) for their non-tax crimes, but for failure to file Federal income tax returns (and pay income taxes) on their income.

The IRS occasionally has seen "Fifth Amendment" returns from people who accurately report their annual income and tax liability but refuse to reveal the source of the funds on the grounds that such a statement would tend to incriminate the individual.

Many Americans find the process of filling out the tax forms more onerous than paying the taxes themselves. Many companies offer free and paid options for reducing the tedious labor involved in preparing one's tax return.

A taxpayer who finds a mistake on a previously filed individual income tax return can file corrections with Form 1040X.

The annual deadline to file one's Federal individual income tax return is April 15. The IRS lists scenarios for which Tax Day does not follow this standard deadline. [4]

1. A return that is mailed to the IRS is timely filed if it is delivered on or before its due date, that is April 15, but is extended to April 18th for the 2015 Tax Season which is the 2016 calendar year. A return with a U.S. postmark, which is delivered after its due date, is considered timely filed if:- the date of the postmark is no later than the due date;- the return was properly addressed;- the return had proper postage.The timely filing, timely mailing rule requires that the return be postmarked within the prescribed filing period. Thus, an individual return postmarked April 16 and received on April 20 is considered filed on April 20.

2. A return delivered by a designated private carrier is timely if the carrier marks or records the return no later than the due date of the return. The IRS can designate a private carrier if the carrier:- is available to the general public;- is as timely and reliable as U.S. first class mail;- records the date on which the package was given to it for delivery;- satisfies other conditions.The IRS has identified DHL Express, Federal Express, and United Parcel Service as designated carriers.

3. A return delivered by other means than the U.S. mail or a designated private carrier must be delivered to the appropriate IRS office on or before its due date to be timely.

4. An electronically-filed return with a timely electronic postmark is timely filed, provided that the return is filed in the manner prescribed for electronic returns. An electronic postmark is a record of the date and time, in the taxpayer’s time zone, that an authorized electronic return transmitter receives the e-filed document on its host system.

Tax return laws generally prohibit disclosure of any information gathered on a state tax return. [5] Likewise, the federal government may not (with certain exceptions) disclose tax return information without the filer's permission, [6] and each federal agency is also limited in how it can share such information with other federal agencies. [5]

Occasionally there have been efforts in Congress to require tax returns to be open to public inspection. For example, Senators Robert M. La Follette and George W. Norris supported such legislation, applicable to both individual and corporate returns, and public disclosure for wealthy taxpayers was required from 1923-1926. [7] [8] Presidential candidates have sometimes voluntarily released their tax returns.

See main article: Tax preparation. Popular tax preparation software includes TaxSlayer, TaxACT, H&R Block at Home (formerly TaxCut), and TurboTax.

In some countries, the tax agency provides a prefilled return to streamline the process, but the United States has failed to adopt these technologies as of 2015 after lobbying by tax preparation companies like Intuit. [9] A similar reform was unsuccessfully attempted in California, after a pilot known as ReadyReturn. [10]

See also: IRS tax forms. Examples of common Federal tax returns (and, where noted, information returns) include:

Form 706, U.S. Estate Tax Return;

Form 709, U.S. Gift (and Generation-Skipping Transfer) Tax Return;

Statutory excise taxes

Form 720, Quarterly Federal Excise Tax Return;

Form 2290, Heavy Vehicle Use Tax Return;

Form 5330, Return of Excise Taxes Related to Employee Benefit Plans;

Employment (payroll) taxes

Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return;

Form 941, Employer’s Quarterly Federal Tax Return;

Form 1040, U.S. Individual Income Tax Return;

Form 1040A, U.S. Individual Income Tax Return;

Form 1040EZ, Income Tax Return for Single and Joint Filers with No Dependents;

Form 1041, U.S. Income Tax Return for Estates and Trusts (for 1993 and prior years, this was known as “U.S. Fiduciary Income Tax Return”);

Form 1065, U.S. Return of Partnership Income (for 1999 and prior years, this was known as “U.S. Partnership Return of Income”) (information return);

Form 1099 series (various titles) (information return);

Form 1120, U.S. Corporation Income Tax Return;

Form 1120S, U.S. Income Tax Return for an S Corporation;

[ Form 2290], Income Tax Return Veicle;

  1. Web site: How health care will affect taxes. 14 November 2016.
  2. Victor Thuronyi, [;pg=PA103 Tax Law Design and Drafting'', Volume 1, page 103](International Monetary Fund 1996).
  3. Treasury Department, Internal Revenue Service. [ Internal Revenue Cumulative Bulletin 2005-1, January-June], page 829 (Government Printing Office 2005).
  4. Web site: Tax Topics - Topic 301 - When, Where, and How to File. IRS. 24 December 2011.
  5. Glee Harrah Cady, Pat McGregor. [;pg=PA373 Protect Your Digital Privacy: Survival Skills for the Information Age], pages 373 and 380 (Que Publishing, 2002).
  6. See generally .
  7. Roy Gillispie Blakey, Gladys C. Blakey. [;pg=PA119 The Federal Income Tax], page 119 (The Lawbook Exchange 2006).
  8. W. Elliot Brownlee. [ Federal Taxation in America: A Short History], page 97 (Cambridge University Press 2004).
  9. Would You Let the I.R.S. Prepare Your Taxes?

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Tax return (United States)".

State federal tax return

State federal tax return

State federal tax return

I received a state tax refund last year. Must I include that amount as income on my federal return this year?

It depends on several factors, the most important of which is whether you itemized deductions on your federal income tax return last year. If you did not itemize deductions on your federal tax return last year, do not report any of the refund as income.

However, if you itemized deductions last year and then received a refund of state or local taxes, you may have to include all or part of the refund as income on your return this year. In general, state and local income tax refunds are taxable if the refunded tax was deducted in a prior year and you received a tax benefit from the deduction. Refunds are partially taxable if your itemized deductions last year exceeded your standard deduction by less than the amount of the refund.

Complete the state and local income tax refund worksheet found in the instruction booklet to your Form 1040 to determine how much (if any) of your state or local income tax refund is taxable this year.

State federal tax return

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state federal tax return

In the U.S., all individuals who received income are taxed for their earnings. Every year, those who received income must report their earnings to the International Revenue Service (IRS) by filing a Federal Tax Return, and to the California Franchise Tax Board (FTB) by filing a State Tax Return.

Deadline to File Taxes Without an Extension - April 15th

The following information and links are specific to "aliens", the term used by the IRS for tax purposes to identify individuals who are not a U.S. citizen or permanent resident (i.e. - F-1, J-1, and H1-B Visa holders). For more information on how "aliens" are taxed at UCLA, please Click Here. For complete details on taxation of income for non-resident students, scholars, and exchange visitors, please Click Here.

  • Federal Tax Return: The IRS classifies aliens as either non-resident aliens or resident aliens for tax purposes. Non-resident aliens are taxed only on their income from sources within the U.S. and on certain income connected with the conduct of a trade or business in the U.S. Resident aliens are generally taxed on their worldwide income, and taxed the same way as a U.S. citizen. Determining your tax residency will determine the type of Federal Tax Forms you must file for your tax return.

  • Form 1040NR/1040NR-EZ: If you have received any income that appears on a W-2, 1042-S, or other supplemental income forms, you must file form 1040NR or 1040NR-EZ.

  • Form 8843:All non-resident students and scholars must fileForm 8843even if they did not receive any U.S. income from employment, fellowship, scholarship, or any other U.S. sources.

  • Form 540NR (Long)/540NR (Short): Non-residents must file a return if they have any California-sourced income and their income from all sources is more than the filing requirement amount for residents. Click Here for more details. In general, you should file a 540NR (Long) or 540NR (Short) if you have a tax return refund due.

GLACIER: Nonresident Alien Tax Compliance System

  • GLACIER is a secured, web-based Nonresident Alien (NRA) tax compliance system that foreign individuals can use to provide their immigration and tax data to UCLA via the internet 24 hours a day. GLACIER maintains the following information:
    • Tax Residency & Tax Withholding Rates
    • Income Tax Treaty Eligibility
    • Distributes Form 1042-S
    • Interfaces with GLACIER Tax Prep (GTP)

    All non-residents at UCLA must have a GLACIER record on file prior to receiving any of the following forms of payments:
    • Wages from employment
    • Taxable fellowship, scholarship, or grants
    • Other forms of payment not exempted by IRS Code

  • Prepare and File Using GLACIER Tax Prep (GTP)

GLACIER Tax Prep (GTP) is a web-based tax preparation system designed for non-residents and can be used to prepare and file Form 1040NR or 1040NR-EZ. All non-resident individuals who have a GLACIER Record can use GLACIER Tax Prep for free.

  • VITA at UCLA is an IRS-sponsored tax assistance program that provides free basic tax assistance and preparation to the UCLA community. VITA provides free tax assistance for filing both Federal and State returns, and all volunteers are IRS-certified.

For further questions and consultations on non-resident tax matters please contact UCLA Payroll Services: Nonresident Alien Compliance Office, 310-267-5774, Monday-Friday, 7:30AM - 5PM.

Employer's Annual Federal Unemployment (FUTA) Tax Return

FUTA Tax Rate and Wage Base

The FUTA tax rate is 6.2% through 2011 and the federal wage base is $7,000. Your state wage base may be different.

If you have only household employees, you are not required to make deposits of FUTA tax. Instead, report and pay FUTA tax on your individual income tax return.

State Unemployment Information

Contact your state unemployment insurance office to receive your state reporting number, state experience rate, and details about your state unemployment tax obligations.

File Form 940 to report your annual federal unemployment (FUTA) tax. You, as the employer, must pay this tax. Do not collect or deduct it from your employees' wages. Use Form 940-EZ, a less complicated version of Form 940, to report your annual FUTA tax if you paid unemployment taxes to only one state, you paid these taxes by January 31, and all wages that were taxable for FUTA tax were also taxable for your state's unemployment tax.

You must file Form 940 if you were not a household or agricultural employer during the current or preceding calendar year and you paid wages of $1,500 or more in any calendar quarter or you had one or more employees for some part of a day in any twenty different weeks. (Count all regular, temporary, and part time employees but do not count partnership partners.)

You must file Form 940 if you were a household employer and you paid cash wages of $1,000 or more in any calendar quarter in the current or preceding calendar year for household work in a private home, local college club, or a local chapter of a college fraternity or sorority.

You must file Form 940 if you were an agricultural employer and you paid cash wages of $20,000 or more to farm workers during any calendar quarter in the current or preceding calendar year or you employed ten or more farm workers during some part of a day (whether or not at the same time) for at least one day during any twenty different weeks in the current or preceding calendar year. (Count aliens admitted on a temporary basis to the United States to perform farm work.)

Avoid penalties and interest by making tax deposits when due, filing a correct return, and paying the proper amount of tax when due. The law provides penalties for late deposits and late filing unless you show reasonable cause for the delay. If you do file late, attach an explanation to the return. There are also penalties for wilful failure to pay tax, keep records, make returns, and filing false or fraudulent returns.

Credit for Contributions Paid into State Funds

You can claim credit for amounts you pay into a certified state unemployment fund by the due date of Form 940. Your FUTA tax will be higher if you do not pay the state contributions in a timely manner. Contributions are payments that state law requires you to make to an unemployment fund because you are an employer. These payments are considered contributions only to the extent that they are not deducted or deductible from the employees' pay.

Do not take credit for penalties, interest, or special administrative taxes that are not included in the contribution rate the state assigned to you. Do not take credit for voluntary contributions paid to get a lower assigned rate.

You may receive an additional credit if you have an experience rate lower than 5.4%. This applies even if your rate is different during the year. This additional credit is equal to the difference between actual payments and the amount you would have been required to pay at 5.4%. The total credit allowable may not be more than 5.4% of the total taxable FUTA wages.

Special Credit for Successor Employers

A successor employer is an employer who received a unit of an employer's trade or business or all or most of the property used in the trade or business of another employer. The successor employer must employ one or more individuals who were employed by the previous owner immediately after the acquisition.

You may be eligible for a credit based on the state unemployment contributions paid by the previous employer. You may claim these credits if you are a successor employer and acquired a business in the current calendar year from a previous employer who was not an employer for FUTA purposes during the current calendar year. The previous employer must not have paid wages of $1,500 or more in any calendar quarter in the current calendar year or have employed any employees for any twenty or more weeks during the current calendar year.

Successor employers may be able to count the wages that the previous employer paid to their employees when reporting the payments for services that exceed the wage base of $7,000.

The due date of the Form 940 is January 31 of the following year. If you deposited all tax when due, you may file on or before February 12. Your form is filed on time if it is properly addressed and postmarked no later than the due date.

FUTA Tax Amount to Deposit

Although Form 940 covers a calendar year, you may have to make deposits of the tax before filing the return. Determine you FUTA tax for each of the first three quarters by multiplying by .008 that part of the first $7,000 paid to each employee during the quarter. If any part of the amount paid is exempt from state unemployment taxes, you may deposit an amount more than the .008 rate.

If the tax is $500 or less at the end of a quarter you are not required to make a deposit. However, you must add it to the tax for the next quarter. Then, in the next quarter, if the total un-deposited tax is more than $500, you must deposit it. If your liability for the fourth quarter (plus any un-deposited amount from any earlier quarter) is over $500, deposit the entire amount by the due date of Form 940. If the tax is $500 or less, you can either make a deposit or pay it with your Form 940.

FUTA deposit due dates are listed in the Federal Tax Calendar.

Use the Federal EFTPS system to tax deposits. This system is free to use, but does require registration.

Wages and employment as defined for FUTA purposes do not include every payment and every kind of service an employee may perform. In general, payments excluded from wages and payments for services excepted from employment are not subject to tax. Amounts that may be exempt from your state's unemployment tax may not be exempt from federal unemployment tax. Payments exempt for federal purposes include those for:

  • agricultural labor not meeting the tests noted above,
  • benefit payments for sickness or injury under a workers' compensation law,
  • household service if you did not pay cash wages of $1,000 or more in any calendar quarter in 2009 or 2010,
  • certain family employment,
  • certain fishing activities,
  • non-cash payments for farm work or household services in a private home,
  • value of certain meals and lodging,
  • cost of group term life insurance,
  • payments attributable to the employee's contributions to a sick pay plan,
  • benefits that are excludable under a Section 125 (cafeteria) plan, and
  • any other exempt service or pay.