Get the free IRS Schedule B (Form 1040A or 1040) 2009

This form is used for reporting interest and ordinary dividends received during the tax year 2009. It includes guidance on reporting requirements, especially for taxpayers with foreign accounts or

How to fill out irs schedule b form

How to fill out IRS Schedule B (Form 1040A or 1040) 2009

1. Obtain IRS Schedule B (Form 1040A or 1040) for the year 2009.
2. Begin by entering your name and Social Security number at the top of the form.
3. In Part I, report interest income: List each payer's name, the amount received, and the total interest on line 2.
4. In Part II, report dividend income: List each corporation or mutual fund that paid you dividends, the amount of each payment, and the total dividends on line 6.
5. If you received a Form 1099-INT or 1099-DIV, ensure the amounts match what you report on Schedule B.
6. Answer questions 7a and 7b regarding foreign accounts and trusts if applicable, indicating 'Yes' or 'No'.
7. Add up all amounts, and transfer the total to your Form 1040 or 1040A as instructed.

Who needs IRS Schedule B (Form 1040A or 1040) 2009?

1. Taxpayers who have taxable interest income over $1,500.
2. Individuals who had a financial interest in or signature authority over a foreign financial account.
3. Taxpayers who received dividends that need to be reported on their tax return.

People Also Ask about

What is a 1040 or 1040A?

Form 1040A is a shorter version of Form 1040 and is more complex than Form 1040EZ, which has also been discontinued. Using Form 1040A in the past required you to meet several requirements, such as having taxable income of $100,000 or less and claiming the Standard Deduction rather than itemizing.

What is schedule B in US tax?

A Schedule B IRS form reports taxable interest and dividend income received during the tax year. Most taxpayers only need to file a Schedule B if they receive more than $1,500 of taxable interest or dividends.

What is schedule B form 1040?

Use Schedule B (Form 1040) if any of the following applies: You had over $1,500 of taxable interest or ordinary dividends. You received interest from a seller-financed mortgage and the buyer used the property as a personal residence. You have accrued interest from a bond.

For pdfFiller’s FAQs

What is IRS Schedule B (Form 1040A or 1040) 2009?

IRS Schedule B (Form 1040A or 1040) for the year 2009 is a form used to report interest and dividend income. It serves as an additional schedule to the main tax return forms (1040A or 1040) to provide details about these types of income.

Who is required to file IRS Schedule B (Form 1040A or 1040) 2009?

Taxpayers who received more than $1,500 in interest or dividends, or who have certain foreign accounts or trusts, are required to file IRS Schedule B.

How to fill out IRS Schedule B (Form 1040A or 1040) 2009?

To fill out IRS Schedule B, you need to list each source of interest and dividend income along with the amount received. Additionally, if applicable, indicate whether you have foreign accounts or trusts by answering the questions on the form.

What is the purpose of IRS Schedule B (Form 1040A or 1040) 2009?

The purpose of IRS Schedule B is to report interest and dividend income to ensure taxpayers accurately report all income to the IRS. It also helps the IRS identify taxpayers with foreign accounts that may require reporting.

What information must be reported on IRS Schedule B (Form 1040A or 1040) 2009?

On IRS Schedule B, you must report the name of each payer of interest or dividends, the amount received from each payer, and any other necessary information related to foreign accounts or trusts, if applicable.