Page 139 - 2020 Publication 17

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Tax help (Cont.) 14:38 - 19-Jan-2021
Volunteer counseling (Volunteer proceeds (See Accelerated Underpayment penalties 36, 41, Retirement plan contributions by
Income Tax Assistance death benefits) 43 employer 49
program) 9, 51 Viatical settlements 68 IRS computation 44 Severance pay 47
Taxpayer identification number Terrorist attacks: Unearned income: Sick pay 47, 53
(TIN): Disability pensions for federal Children 54 Social security and Medicare
Adoption (ATIN) 12 employees 52 Unearned income of taxes paid by employer 47
Individual (ITIN) 13, 36 Theft losses 100, 102 child (See Children, subheading: Stock appreciation rights 47
Social security Third parties: Unearned income of) Stock options 50
number (See Social security Designee for IRS to discuss Unemployment compensation 70 Supplemental 38
number (SSN)) return with 13 Credit card insurance paying 72 Volunteer work 51
Tax preference items 105 Income from taxpayer's property Mandatory contributions to state Withholding (See Withholding)
Tax rates 21 paid to 12 funds, deduction of 95 War zone (See Combat zone)
Married filing separately Tiebreaker rules 31 Private fund, from 71 Washington State Supplemental
(Schedule Y-2) 22 Tip income: Repayment of benefits 70, 71 Workmen's Compensation
Tax refunds: Allocated tips 38 Reporting on Form 1040 71 Fund 95
Agreement with IRS extending Withholding 38 Supplemental benefits 71 Welfare benefits 34, 71
assessment period, claim Underwithholding 38 Voluntary benefit fund What's new 1
based on 19 Total support 34 contributions 102 Where to file 16
Bad debts 18 Tour guides: Withholding 39, 71 Widow/widower (See Surviving
Business tax credit Free tour for organizing tour 73 Unions 38, 71, 75 spouse)
carrybacks 19 Trade Act of 1974: (See also Labor unions) Winter energy payments 72
Cashing check 14 Trade readjustment allowances Unmarried persons (See Single Withholding 11, 36
Check's expiration date 14 under 70 taxpayers) (See also Form W-2)
Claim for 17–19 Traditional IRAs (See Individual Usurious interest 55 Agricultural Act of 1949
Limitations period 18 retirement arrangements (IRAs)) Utilities: payments 39
Litigation 19 Transfer taxes: Energy conservation Changing amount withheld 37
Direct deposit 14 Real estate transactions and 98 subsidies 72, 75 For 2022 37
Erroneous refunds 17 Transit passes 49 Rebates 75 Checking amount of 37
Federal income tax refunds 68 Travel and transportation Claim for refund 7
Financially disabled 18 expenses: Commodity credit loans 39
Foreign tax paid or accrued 19 Commuting expenses: Credit for 36, 42
General rules 8 Employer-provided commuter V Cumulative wage method 37
Inquiries 9 vehicle 49 Veterans' benefits: Definition 36
Interest on 17, 19, 55 Expenses paid for others 102 Educational assistance 75 Determining amount to
Late filed returns 3 Fringe benefits 49 Veterans benefits 51 withhold 37
Limits 18 Job search expenses 74 Retroactive determination 52 Disaster Assistance Act of 1988
Exceptions 18 Parking fees: Special statute of limitations. 52 payments 39
More or less than expected 14 Employer-provided fringe Viatical settlements 68 Employers, rules for 37
Net operating loss carryback 19 benefit 49 VISTA volunteers 51 Exemption from 38
Offset: School children, transporting Volunteer firefighters: Federal income taxes, not
Against debts 8, 14 of 75 IRAs 78 deductible 98
Against next year's tax 14 Transit pass 49 Volunteer work 51 Form W-4:
Offset against next year's tax 41 Treasury bills, notes, and Tax counseling (Volunteer Provided by employer 37
Past-due 9, 17 bonds 58 Income Tax Assistance Fringe benefits 38
Real estate taxes, treatment Treasury Inspector General: program) 9, 51 Gambling winnings 39, 43
of 96 Telephone number to report Vouchers for payment of tax 41, General rules 36
Reduced 19 anonymously fraud or 42 Highest rate, employer must
State and local income tax misconduct of IRS withhold at if no W-4 37
refunds 94, 95 employee 3 Incorrect form 43
State liability, effect on 19 Treasury notes 55 IRA distributions 84
Under $1 14 Trust beneficiaries: W New job 37
Withholding 7 Losses of trust 73 W-2 form (See Form W-2) Penalties 36, 38, 39
Worthless securities 19 Receiving income from trust 73, Wages and salaries 11, 46–53 Pensions and annuities 13, 39
Tax returns 10, 13, 21 74 (See also Form W-2) Railroad retirement benefits 39,
(See also Due dates) Trustees: Accident and health 63
(See also Signatures) Administrative fees 100 insurance 47 Repaying withheld tax 37
(See also Joint Returns) IRA 100 Accrued leave payment 47 Salaries and wages 36
Tax Returns: IRAs: Adoption, employer Separate returns 43
Aliens 7 Fees 77 assistance 48 Sick pay 38
Amended 18, 92 Transfer from trustee to Advance commissions 46 Social security benefits 39, 63
Attachments to returns 13 trustee 81, 88 Allowances and State and local income taxes,
Child 14 Trusts 73 reimbursements 38, 46 deduction for 94
Copies of 16 (See also Trust beneficiaries) Archer MSA contributions 47 Supplemental wages 38
Dating of 13 Grantor trusts 73 Awards and prizes 46 Tips (See Tip income)
Filing of 5 Income 73 Babysitting 46 Unemployment
(See also Filing requirements) TTY/TDD information 125 Back pay awards 46 compensation 39, 71
Forms to use 7 Tuition, benefits under GI Bill 35 Bonuses 46 Workers' compensation 53
Free preparation help 9 Tuition: Child care providers 46 Mandatory contributions to state
How to file 11 Qualified Children's earnings 7 funds, deduction of 95
Mailing of 16 programs (See Qualified Clergy 50 Return to work 53
Paid preparer 14 tuition programs) De minimis benefits 48 Worksheets:
Payment with 15 Tuition programs, Elective deferrals 49 Head of household status and
Private delivery services 10 qualified (See Qualified tuition Employee achievement cost of keeping up home 24
Steps to prepare (Table 1-6) 11 programs) award 46 Individual retirement
Third party designee 13 Employee compensation 46 arrangements (IRAs),
Transcript of 16 Farmworkers 36 modified AGI computation
Who must file 5, 7 Foreign employer 51 (Worksheet 9-1) 80
Tax table 110–121 U Form W-2 (See Form W-2) Roth IRA modified adjusted gross
Tax year 10–12 U.S. citizen or resident 27 Fringe benefits 47 income (MAGI), computation
(See also Accounting periods) U.S. national 27 Garnished 12 (Worksheet 9-2) 85
Telephones 102 U.S. obligations, interest 55, 56 Government cost-of-living Social security or railroad
Fraud or misconduct of IRS U.S. possessions: allowances 47 retirement benefits, to figure
employee, number for Deduction of income tax paid Household workers 36 taxability 62, 63
reporting anonymously 3 to 95 Long-term care coverage 47 Support test 30
Temporary absences 27, 33 Income from 7 Military retirees 36, 51 Wristwatch 102
Tenants: U.S. savings bonds: Military service 51 Write-offs (See Cancellation of debt)
By the entirety 54 Education, used for 22 Miscellaneous compensation 46
In common 54 Interest on 74 Note for services 47
Tenants by the entirety: U.S. Treasury bills, notes, and Outplacement services 47
Real estate taxes, allocation bonds 58 Religious orders 50
when filing separately 96 U.S. Virgin Islands: Restricted property 50
Terminal illness: Income from 7 Dividends on restricted
Accelerated payment of life stock 50
insurance
Publication 17 (2020) Page 135