IRS 8689 2013 free printable template

To take the credit you must complete Form 8689 and attach it to your Form 1040. Add line 40 and line 45 of Form 8689 and include the amount in the total on Form 1040 line 72. File Form 8689 only if the spouse with the higher AGI is not a bona fide resident of the USVI for the entire tax year. Instructions Purpose of form. Use Form 8689 to figure the amount of U.S. tax allocable to the U.S. Virgin Islands USVI. Subtract line 28 from line 16. This is your USVI adjusted gross income. Attach to Form...1040. Information about Form 8689 and its instructions is at www.irs.gov/form8689. On the dotted line next to line 72 enter Form 8689 and show this amount For Paperwork Reduction Act Notice see Form 1040 instructions. Cat. No. 64603D Form 8689 2013 This page left blank intentionally Section references are to the Internal Revenue Code unless otherwise noted. Future Developments For the latest information about developments related to Form 8689 and its instructions such as legislation enacted...after they were published go to www.irs.gov/form8689. 570 has more information and an example of how to complete Form 8689. To get Pub. 570 see Quick and Easy Access to Tax Help and Tax Products in the Instructions for Form 1040. Enter the smaller of line 35 or line 39. Include this amount in the total on Form 1040 line 72. On the dotted line next to line 72 enter Form 8689 and show this amount. Form Department of the Treasury Internal Revenue Service Allocation of Individual Income Tax to the...U*S* Virgin Islands OMB No* 1545-0074 Attachment Sequence No* 85 Your social security number Name s shown on Form 1040 Part I Income From the U*S* Virgin Islands USVI Wages salaries tips etc*. Taxable interest. Ordinary dividends. Taxable refunds credits or offsets of local USVI income taxes. Alimony received. Business income or loss. Capital gain or loss. Other gains or losses. IRA distributions taxable amount. Pensions and annuities taxable amount. Rental real estate royalties partnerships S...corporations trusts etc* Farm income or loss. Unemployment compensation. Social security benefits taxable amount. Other income. List type and amount Add lines 1 through 15. This is your total USVI income. Educator expenses. Certain business expenses of reservists performing artists and fee-basis government officials. Health savings account deduction Moving expenses. Deductible part of self-employment tax. Self-employed SEP SIMPLE and qualified plans. Penalty on early withdrawal of savings. IRA...deduction. Student loan interest deduction. Tuition and fees deduction. Adjusted Gross Income From the USVI Allocation of Tax to the USVI Enter amount from Form 1040 line 61 Enter the total of the amounts from Form 1040 lines 56 57 59a 64a 65 66 and 71 boxes c and d. Include any uncollected social security and Medicare or tier 1 RRTA tax tax on excess golden parachute payments or excise tax on insider stock compensation reported on line 60. Also include any amount from Form 5329 Parts III IV V...VI VII or VIII reported on Form 1040 line 58.

Instructions and Help about IRS 8689

How to edit IRS 8689

How to fill out IRS 8689

Instructions and Help about IRS 8689

How to edit IRS 8689

To edit IRS 8689, use the tools available in pdfFiller, which allows for the easy adjustment of text fields and the addition of signatures, if necessary. Simply upload your copy of the form to pdfFiller, select the areas requiring changes, and make your edits accordingly. Once you complete your modifications, you can save the updated document for submission or printing.

How to fill out IRS 8689

Filling out IRS 8689 involves several steps to ensure accurate reporting of tax information for residency purposes. Start by collecting the required documentation, such as proof of residency in the applicable timeframe. Follow these instructions to complete the form:

1. Enter your full name, address, and Social Security number at the top of the form.
2. Provide details about your residency status and related information in the designated sections.
3. Calculate the amounts owed or refunds due, using the appropriate lines on the form.
4. Sign and date the form at the bottom before submission.

About IRS 8 previous version

What is IRS 8689?

What is the purpose of this form?

Who needs the form?

When am I exempt from filling out this form?

Components of the form

Due date

What are the penalties for not issuing the form?

What information do you need when you file the form?

Is the form accompanied by other forms?

Where do I send the form?

About IRS 8 previous version

What is IRS 8689?

IRS 8689 is a tax form used by U.S. taxpayers who need to report income related to multiple states or jurisdictions. This form is utilized mainly by individuals who are claiming a tax refund for excessive withholding or who are reporting income earned while residing in different states.

What is the purpose of this form?

The purpose of IRS 8689 is to determine the appropriate allocation of tax liabilities and refunds for individuals who have lived or worked in more than one tax jurisdiction during the year. It helps taxpayers ensure compliance with state tax laws by allowing for accurate reporting of income and tax paid across different locations.

Who needs the form?

Taxpayers who have received income from more than one state and have had state taxes withheld may need to complete IRS 8689. Common scenarios include individuals who have temporarily relocated for work or who have moved between states during the tax year.

When am I exempt from filling out this form?

You may be exempt from filing IRS 8689 if you did not earn income in multiple states or if your only source of income was from a state that does not impose income tax. Additionally, if your tax withholding was correctly reported and no adjustments are necessary, you can avoid completing this form.

Components of the form

IRS 8689 consists of sections that require personal identification information, residency status, income reporting, and tax withholding amounts. Each section is designed to capture essential details needed for proper tax assessment and allocation across jurisdictions.

Due date

The due date for submitting IRS 8689 coincides with the standard tax filing deadline, typically April 15. If necessary, you may consider filing for an extension if you anticipate needing more time to accurately complete the form.

What are the penalties for not issuing the form?

Failure to submit IRS 8689 when required may result in penalties from state tax authorities. These can include fines for underreporting income or failure to file on time, which can accumulate interest and fluctuate based on the amount owed. It is crucial to understand your filing obligations to mitigate potential financial consequences.

What information do you need when you file the form?

When filing IRS 8689, gather key documents such as W-2 forms from employers, 1099 statements for additional income, and any records pertaining to state income tax withholding. This information is essential to accurately report your income and rectify any discrepancies in tax payments.

Is the form accompanied by other forms?

IRS 8689 may need to be submitted alongside other forms, depending on your specific tax situation. Related forms could include state tax returns or additional federal tax forms that support your income claims or adjustments. Ensure you check state regulations for any required accompanying documentation.

Where do I send the form?

The completed IRS 8689 form should be submitted to the appropriate state tax authority as instructed in the filing guidelines. It is critical to confirm the correct submission address and method, whether by mail or online, to ensure it is filed properly.

FAQ about IRS 8689

What should I do if I realize there’s an error on my submitted publication 570 - tax?

If you find an error on your submitted publication 570 - tax, you can amend the form to correct the information. It’s important to follow the procedures outlined by the IRS for filing an amended return, ensuring that the corrections do not create further discrepancies. Keep documentation that supports the changes made for your records.

How can I check the status of my publication 570 - tax submission?

To check the status of your publication 570 - tax submission, you can use the IRS online tracking system or contact the IRS directly. This will allow you to confirm whether your form has been received and is being processed. Be aware of common e-file rejection codes that may hinder the approval of your submission.

Are e-signatures accepted for the publication 570 - tax?

Yes, e-signatures are generally accepted for the publication 570 - tax, making the filing process more convenient. Ensure that your e-signature complies with IRS standards and that you're maintaining proper security and privacy measures for your submitted information.

What should I do if I receive a notice regarding my publication 570 - tax?

If you receive a notice regarding your publication 570 - tax, it’s critical to read it carefully and understand the issues raised. Be prepared to provide any requested documentation and respond within the time frame specified. Addressing the notice promptly can help prevent delays and ensure compliance.

What are some common errors to avoid when filing the publication 570 - tax?

Common errors when filing the publication 570 - tax include incorrect identification numbers, misclassifying payments, and failing to include required supporting documentation. To minimize mistakes, review the information thoroughly and consider using tax preparation software that is compatible with your filing needs.