IRS 1040-SS 2017 free printable template

For Disclosure Privacy Act and Paperwork Reduction Act Notice see instructions. Cat. No. 17184B Form 1040-SS 2017 Page Part II Bona Fide Residents of Puerto Rico Claiming Additional Child Tax Credit See instructions. Household employment taxes see instructions. Attach Schedule H Form 1040. Additional Medicare Tax. Attach Form 8959. Total tax. Add lines 3 through 5 see instructions. 2017 estimated tax payments see instructions. Excess social security tax withheld see instructions. Form 1040-SS...

How to fill out 2017 form 1040

How to fill out 2017 form 1040:

1. Gather all necessary documents, including W-2 forms, 1099 forms, and any other relevant income or deduction documents.
2. Fill out personal information section, including your name, Social Security number, and address.
3. Indicate your filing status, whether single, married filing jointly, married filing separately, or head of household.
4. Report your income from all sources on the appropriate lines, including wages, interest, dividends, and any other taxable income.
5. Calculate and report your adjustments to income, such as student loan interest, self-employment tax, or contributions to a retirement plan.
6. Deduct your allowable expenses or itemize deductions, such as mortgage interest, medical expenses, or state and local taxes.
7. Claim any tax credits you qualify for, such as the child tax credit or the earned income credit.
8. Calculate your tax liability using the provided tax tables or tax software.
9. Report any payments you have already made towards your tax liability, such as withholding or estimated tax payments.
10. Determine if you owe additional taxes or if you will receive a refund and indicate your preference for direct deposit or a paper check.
11. Sign and date the form before mailing it to the appropriate address.

Who needs 2017 form 1040:

1. Individuals who earned income in 2017 and need to file their federal income taxes.
2. Those who do not qualify to file a simpler form like 1040EZ or 1040A.
3. Individuals who have income from multiple sources, or who have deductions and credits that require the additional schedules and forms available with form 1040.

• What is a 1040-SS tax form?
• Who must file Form 1040-SS 2017?
• • What information do you need when you file 1040-SS?
  • How do I fill out Form 1040-SS in 2018?
  • Do other forms accompany Form 1040-SS?
  • When is Form 1040-SS due?
  • Where do I send Form 1040-SS?

What is a 1040-SS tax form?

1040 SS is also known as the U.S. Self-Employment Tax Return form. It is used to file self-employment earnings, calculate the amount of owed taxes (if required) by citizens who live in certain territories of the United States, pay Medicare and Social Security taxes, and claim certain credits.

Who must file Form 1040-SS 2017?

1040 SS is required for self-employed U.S. taxpayers who live in particular territories and are not required to file the 1040 form. It is applicable for the citizens of the United States that reside in American Samoa, the Commonwealth of the Northern Mariana Island, Guam, the Commonwealth of Puerto Rico, and the U.S. Virgin Islands.

If you are a self-employed filer in Puerto Rico, you may file 1040-PR instead.

What information do you need when you file 1040-SS?

You must provide your name, Social Security Number (and your spouse’s name and SSN), and address.

Next, prepare information considering the following:

• Total tax and credits
• Profit or Loss from Farming
• Profit or Loss from Business (Sole Proprietorship)
• Self-Employment Tax
• Optional Methods to Figure Net Earnings

How do I fill out Form 1040-SS in 2018?

The most convenient way to fill out 1040-SS in 2018 is to use pdfFiller:

1. Click Get Form and wait for the service to establish a secure connection.
2. Turn on the Wizard mode to get additional tips on filling out the template.
3. Start entering your data into fillable (orange) fields.
4. Use the official instructions by the IRS if you have any concerns.
5. Sign the document using the Sign tool.
6. Click Done to save changes, close the editor, and access the exporting menu where you can download a PDF or send it by email.

Do other forms accompany Form 1040-SS?

1040-SS requires you to attach Forms 8959 and 8885. If needed, you may choose to attach Schedule H (1040) and 8888. To learn more, use the official instruction on how to file 1040-SS by the Internal Revenue Service to review a complete list of required forms.

When is Form 1040-SS due?

Usually, the due date for Form 1040 SS is April 15.

In 2022, the due date is April 18 because of the Emancipation Day holiday in the District of Columbia. For filers who live in Maine or Massachusetts, the due date is April 19 because of the Patriots' Day holiday in those states.

Where do I send Form 1040-SS?

You can file 1040 SS online. If you want to submit it by mail, choose the correct mailing address based on whether you need to enclose payment or not.

If you need to include payment, please send it to the Internal Revenue Service (P.O. Box 1303, Charlotte, NC 28201-1303, USA). If you do not, send the filled-out document to the Department of the Treasury of Internal Revenue Service (Austin, Texas 73301-0215).

Instructions and Help about 2017 form 1040

Okay welcome to this video tutorial on how to complete a basic form 1040 for the 2021 tax year now I'm going to be going through this tutorial using the drake tax software platform now obviously if you're watching this you don't need to have drake tag software to follow along here whether you're using turbo tax Hubert any kind of free file program or you're just filling the forms out by hand you're still going to be able to get a lot of utility out of this because what I'm going to do is as I enter the information we're going to explain all the information, and then I'm going to always flip back to the forms, so you can see how the data is being transferred to the return itself so as you're preparing this in your own software platform if you go back and look at the form itself to make sure that everything is lining up the way it should be then you're then you'll be good to go, so again I've got drake tax software in front of us this is the forum view we're going to work with our taxpayer here john q uh doe...

People Also Ask about 2017 form 1040

What are the different types of tax returns?

There are three personal income tax forms — 1040, 1040A and 1040EZ — with each designed to get the appropriate amount of your money to the IRS.

What is an example of a Schedule D?

For example, if you purchase 100 shares of Disney stock on April 1 and sold them on August 8 of the same year, you report the transaction on Schedule D and Form 8949, if required, as short-term.

Why is Schedule D required?

Schedule D is required when a taxpayer reports capital gains or losses from investments or the result of a business venture or partnership. Schedule D is used for reporting capital gains and losses that are both short-term and long-term.

What is Schedule D Form 1040?

Use Schedule D (Form 1040) to report the following: The sale or exchange of a capital asset not reported on another form or schedule. Gains from involuntary conversions (other than from casualty or theft) of capital assets not held for business or profit.

Where do capital gains show on 1040?

Capital gains and deductible capital losses are reported on Form 1040, Schedule D, Capital Gains and Losses, and then transferred to line 13 of Form 1040, U.S. Individual Income Tax Return. Capital gains and losses are classified as long-term or short term.

What is form 8949 and or a Schedule D?

Use Form 8949 to reconcile amounts that were reported to you and the IRS on Form 1099-B or 1099-S (or substitute statement) with the amounts you report on your return. The subtotals from this form will then be carried over to Schedule D (Form 1040), where gain or loss will be calculated in aggregate.

For pdfFiller’s FAQs

What is form 1040?

Form 1040 is the U.S. Individual Income Tax Return. It is used to report an individual's income, deductions, and credits, and to calculate the amount of tax owed or the refund due to be received. There are different versions and schedules of Form 1040 depending on the complexity of the individual's tax situation.

Who is required to file form 1040?

The individuals who are required to file Form 1040 (U.S. Individual Income Tax Return) are: 1. U.S. citizens or resident aliens whose gross income for the tax year exceeds the applicable threshold. 2. Nonresident aliens who are engaged in a trade or business in the U.S. during the tax year and have income subject to U.S. income tax. 3. Individuals who owe special taxes, such as the Alternative Minimum Tax (AMT), household employment taxes, or recapture taxes. 4. Individuals who received advance payments of the Premium Tax Credit or Health Coverage Tax Credit and need to file a tax return to reconcile those payments. 5. Individuals who owe additional taxes on a Qualified Retirement Plan, such as an Individual Retirement Account (IRA) or Health Savings Account (HSA). It is important to note that there are certain filing requirements and thresholds that may differ based on individual circumstances, such as marital status, age, and type of income earned. To determine if you are required to file Form 1040, it is advisable to consult the official IRS guidelines or a tax professional.

How to fill out form 1040?

Filling out Form 1040 may seem overwhelming at first, but with the right information and steps, it can be done accurately. Here is a general guide on how to fill out Form 1040, the U.S. Individual Income Tax Return: 1. Gather the necessary documents: - Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) for yourself and your dependents. - Income-related documents (W-2s, 1099s, etc.) from employers, banks, and other sources. - Deduction-related documents (mortgage interest statements, student loan interest statements, etc.). - Any other relevant tax documents. 2. Choose the filing status: - Determine the appropriate filing status (single, married filing jointly/separately, head of household, etc.) based on your situation. 3. Provide personal information: - Fill in your name, address, SSN/ITIN, and any other required personal details on the top section of Form 1040. 4. Report your income: - Start with reporting your wages, salaries, tips, etc. (line 1). - Include any taxable interest, dividends, pensions, or other forms of income on the corresponding lines. - Add up all your different sources of income and enter the total on line 9. 5. Deductions and credits: - Deduct any applicable adjustments to income on lines 10-19 (e.g., student loan interest, educator expenses, self-employment tax). - Subtract the total of lines 10-19 from your total income on line 9 to arrive at your adjusted gross income (AGI). - Take the standard deduction or itemize deductions (Schedule A) and enter the amount on line 21. 6. Calculate taxable income: - Subtract your deductions (line 21) from your AGI (line 11a) to determine your taxable income (line 11b). 7. Determine your tax liability: - Use the tax tables or the Tax Computation Worksheet in the Form 1040 instructions to calculate your tax based on your taxable income (line 11b). 8. Claim tax credits and payments: - Enter any tax credits you qualify for on the corresponding lines. - Subtract credits from your tax liability and add any estimated tax payments made throughout the year (line 26). 9. Withholdings and refund/amount owed: - Enter the total federal income tax withheld from your W-2s or other documents on line 25. - Compare your total payments (line 25) to your total tax (line 24) to determine if you will receive a refund or owe additional taxes. 10. Sign and date the form: - Review your completed Form 1040 to ensure accuracy. - Sign and date the form in the designated space. - If filing jointly, both spouses must sign. 11. Attach any additional necessary forms and schedules: - Depending on your situation, you may need to attach additional forms and schedules (e.g., Schedule A for itemizing deductions, Schedule C for self-employment income). 12. Submit the form: - Keep a copy of all documents for your records. - Mail the completed Form 1040 and any additional required forms to the appropriate IRS address based on your location. It is recommended to review the official IRS instructions for Form 1040 for more specific details and to ensure you are providing accurate information. Additionally, consider consulting a tax professional or using tax software for assistance with complex situations.

What is the purpose of form 1040?

The purpose of Form 1040 is to report an individual's income, deductions, credits, and taxes for the tax year. It is the main tax form used by individuals to file their annual federal income tax return with the Internal Revenue Service (IRS) in the United States. Form 1040 consists of various sections where taxpayers can report their income sources, claim deductions and tax credits, calculate their tax liability or refund, and provide other necessary information related to their tax situation.

What information must be reported on form 1040?

Form 1040, also known as the U.S. Individual Income Tax Return, requires the following information to be reported: 1. Personal Information: This includes your name, address, Social Security number (SSN), and filing status (e.g., single, married filing jointly, etc.). 2. Income: Report your wages, salaries, tips, taxable interest, dividends, capital gains, rental income, self-employment income, unemployment compensation, and any other income received during the tax year. 3. Adjustments to Income: Report certain deductions that reduce your taxable income, such as contributions to retirement accounts, self-employment tax, health savings account (HSA) deductions, and student loan interest. 4. Tax Credits: Report any tax credits you qualify for, such as child tax credit, earned income credit, education credits, and retirement savings contributions credits. 5. Deductions: Report your allowable deductions, including medical expenses, state and local income taxes or sales taxes, home mortgage interest, charitable donations, and casualty or theft losses. 6. Other Taxes: Report any additional taxes owed, such as self-employment tax, additional taxes on IRAs or other qualified retirement plans, household employment taxes, and the individual shared responsibility payment (if applicable). 7. Payments and Refund: Report any tax withheld from your wages, estimated tax payments, foreign taxes paid, and certain refundable credits. You will calculate your total tax liability based on the information provided and compare it to the amount already paid, which may result in a refund or additional tax owed. 8. Signatures: Both you and your spouse (if applicable) must sign and date the form to authorize your tax return. It's important to note that this information may change from year to year, so it's recommended to consult the official IRS instructions for Form 1040 for the most up-to-date requirements.

When is the deadline to file form 1040 in 2023?

The deadline to file Form 1040 for the tax year 2023 is typically April 15th, 2024. However, it's advisable to confirm with the Internal Revenue Service (IRS) or consult a tax professional for any potential updates or changes to the deadlines.

What is the penalty for the late filing of form 1040?

The penalty for the late filing of Form 1040 will depend on whether you owe taxes or are eligible for a refund. If you owe taxes and fail to file and pay by the deadline, you may be subject to penalties and interest on the unpaid amount. The penalty for filing late is usually 5% of the unpaid tax amount for each month or part of a month that the return is late, up to a maximum of 25%. However, if you file more than 60 days late, the minimum penalty is either $435 or 100% of the unpaid tax, whichever is less. If you are due a refund, there is generally no late filing penalty, but it's important to file within three years from the due date to claim your refund.

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