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VISAKHAPATNAM PORT TRUST MATERIAL MANAGEMENT DEPARTMENT TENDER FORM Inquiry NO:Gr. I/R144/1516 DATE. 26.08.2015 Tender due: 22.09.2015 Please submit by 12.00 noon with our inquiry number duly super

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How to fill out r-144 15-16

01

The R-144 form for the 15-16 year is typically needed by individuals who are self-employed and have income from multiple sources. This form helps them report their income and expenses accurately to the IRS.

02

To fill out the R-144 form, start by providing your personal information including your name, address, social security number, and the tax year you are reporting.

03

Next, gather all your income documentation from the various sources, such as 1099 forms, W-2 forms, and any other relevant income statements. Report each type of income separately in the appropriate section of the form.

04

After reporting your income, move on to deducting your qualifying expenses. This includes expenses related to your self-employment, such as office supplies, travel expenses, and advertising costs. Keep in mind that only legitimate business expenses should be claimed.

05

Apart from income and expenses, the R-144 form also requires you to report your self-employment tax. This includes both the employer and employee portions of Medicare and Social Security taxes.

06

If you have elected to pay estimated taxes throughout the year, make sure to report the payments you made in the designated section of the form.

07

Once you have filled out all the necessary information on the form, review it carefully to ensure accuracy and completeness. Make sure all numbers are correct and that you have provided all required documentation and attachments.

08

It is recommended to keep a copy of the completed R-144 form for your records and securely file it with your other tax documents.

In summary, the R-144 form for the 15-16 year is necessary for self-employed individuals with income from multiple sources. To fill out the form, gather your income and expense documentation, report them accurately, calculate your self-employment tax, and review the form before filing.

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