Get the free 2012 Form 8814. Parents' Election To Report Child's Interest and Dividends

Form 8814 Department of the Treasury Internal Revenue Service (99) Parents' Election To Report Child's Interest and Dividends OMB No. 1545-0074 2012 Information about Form 8814 and its instructions

How to fill out 2012 form 8814 parents

How to fill out 2012 Form 8814 parents:

1. Gather all necessary information regarding your child's income and investment earnings for the tax year 2012.
2. Download Form 8814 from the Internal Revenue Service (IRS) website or obtain a physical copy from your local IRS office.
3. Fill out the taxpayer information section with your name, address, and social security number.
4. Provide the necessary information about your child in the designated sections, including their name, social security number, and relationship to you.
5. Enter the child's income and investment earnings in the appropriate sections of the form.
6. Calculate your child's tax at the appropriate rates and fill in the resulting numbers on the form.
7. Compute the total qualified dividends and capital gain distributions for the child and enter the amount.
8. Determine the child's tax using the parent's tax rate and fill it in on the form.
9. Complete any additional required sections, such as the parent's signature section.
10. Review the completed form for accuracy and ensure all necessary attachments are included.
11. Mail the form to the address provided in the instructions or file it electronically if applicable.

Who needs 2012 Form 8814 parents?

1. Parents or legal guardians who have a child with unearned income and investment earnings from the tax year 2012 may be required to fill out Form 8814.
2. The form is specifically for parents or legal guardians who want to report their child's income on their own tax return using their own tax rates.
3. Form 8814 for the tax year 2012 is necessary for individuals who meet the eligibility criteria outlined by the IRS and need to accurately report their child's income on their own tax return.

For pdfFiller’s FAQs

What is form 8814 parents election?

Form 8814 parents election is a tax form used by parents to report a child's unearned income and elect to include that income on their own tax return.

Who is required to file form 8814 parents election?

Parents are required to file form 8814 parents election if their child has unearned income over a certain threshold.

How to fill out form 8814 parents election?

Form 8814 parents election requires the parent to provide information about the child's unearned income, calculate the amount to be included on their tax return, and make the election to report the child's income.

What is the purpose of form 8814 parents election?

The purpose of form 8814 parents election is to allow parents to report a child's unearned income on their own tax return, potentially at a lower tax rate.

What information must be reported on form 8814 parents election?

Form 8814 parents election requires information about the child's unearned income, any deductions or exemptions, and the calculation of the amount to be included on the parent's tax return.

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