IRS 1040 - Schedule B 2014 free printable template

See instructions on back. For Paperwork Reduction Act Notice see your tax return instructions. Cat. No. 17146N Schedule B Form 1040A or 1040 2014 Page 2 General Instructions Section references are to the Internal Revenue Code unless otherwise noted. Future Developments For the latest information about developments related to Schedule B Form 1040A or 1040 and its instructions such as legislation enacted after they were published go to www.irs.gov/scheduleb. SCHEDULE B Department of the...

How to fill out IRS 1040 - Schedule B

How to fill out IRS 1040 - Schedule B

1. Begin by obtaining the IRS 1040 - Schedule B form from the IRS website or through your tax software.
2. Enter your name and Social Security number at the top of the form.
3. In Part I, provide information about interest income: list each payer of interest, the amount received, and check the box indicating if you had foreign accounts.
4. In Part II, report dividends: list each payer of dividends, the amount received, and indicate if you had foreign accounts.
5. Review the instructions for any specific requirements related to foreign accounts or other financial disclosures.
6. Make sure to sign and date your form when you're finished.

Who needs IRS 1040 - Schedule B?

1. Individuals who received interest or dividend income during the tax year.
2. Taxpayers who had foreign financial accounts, as they may be required to disclose this information.
3. Anyone filing a Form 1040 who meets the criteria for reporting income from interest and dividends.

• What is Schedule B (form 1040)?
• Who should file IRS form 1040 Schedule B 2014?
• • What information do you need when you file Schedule B (form 1040)?
  • How do I fill out Schedule B (form 1040) in 2015?
  • Is form 1040 Schedule B accompanied by other forms?
  • When is Schedule B (form 1040) due?
  • Where do I send Schedule B form 1040?

What is Schedule B (form 1040)?

Schedule B for form 1040 or 1040A is called “Interest and Ordinary Dividends.” It serves as an attachment to the tax return report. Taxpayers should fill out the form if they have earned taxable interest or ordinary dividends (exceeding $1,500) that should be added to their total taxable income. The Schedule B form lists all types of interests and dividends received.

Who should file IRS form 1040 Schedule B 2014?

Taxpayers who receive more than $1,500 in taxable interest or ordinary dividends (or both) during the year should file this form.

What information do you need when you file Schedule B (form 1040)?

Complete the IRS form in the following manner:

1. Indicate the taxpayer and their SSN
2. Enumerate financial interests and their amount in Part 1
3. List the ordinary dividends and their amount in Part 2
4. Report foreign accounts and trusts in Part 3, if applicable.

How do I fill out Schedule B (form 1040) in 2015?

You can save time filing the 1040 Schedule B by completing the form online and submitting it with pdfFiller’s Send via USPS feature. Here is a quick way to do it:

1. Click Get Form to view a Schedule B (form 1040) template.
2. Complete and sign the form.
3. Click Done.
4. Click Send via USPS in the right side menu.
5. Fill in mailing information.
6. Select the terms of delivery.
7. Click Send.

pdfFiller will promptly deliver a high-resolution printed copy of the form to the post office.

Is form 1040 Schedule B accompanied by other forms?

Schedule B form is used as a supporting statement to the IRS 1040 or 1040A form. You must file it with the annual tax return.

When is Schedule B (form 1040) due?

Submit the IRS 1040 Schedule B by April 15. However, this year it is April 18, due to a state holiday that falls on April 15.

Where do I send Schedule B form 1040?

Deliver the completed tax return and Schedule B to the local IRS office. Please check the address for your state here.

Instructions and Help about IRS 1040 - Schedule B

This video is how to prepare Schedule B of the 941. If you remember from the last video on page two of the 941 (part two) we have to mark whether we are a monthly or semi-weekly depositor. If we are a semi-weekly depositors then we must attach schedule B. And that's what this video is going to demonstrate. For the demonstration I'm using the information given in problem 3-15A on page 3 – 48 of your textbook. I have that information in an Excel document, so this is the information that was provided by your textbook and then for requirement A AGE preparing the schedule B. I need to do some calculations before I could do that form, and I've added those calculations down below here. So creating the liability or calculating the liability for each on the payroll is done by looking at the employees' FICA withholding (the OAS DI portion) which comes from here and then the employer's portion which is calculated by taking the taxable wages times the percentage which is the same amount in this case. They do not always come out to be identical, but in this case they do. And then the employees' FICA (the HI portion) which comes from here and the employer's portion (which again is the tax on wages times the percent: 1.45%) and it happens to match the employees withholding for that period in this case. And then the employees federal income tax withholding which came from here. We add that all together and the liability for that date was $6933.50 that took place on January 15th so when the first month on our form on the 15th day we would place that liability. We'll do the same for the next pay which was January 29th, and I've already done that, and you can see the liability is $6759.70. And that took place on January 29, so I would place that here. In the box to the right here is the son of a liability for that month, so we would add these two together. Notice that I keep emphasizing this is the liability. This should also match what the company deposited, but if not we are listing the liability amount (not necessarily the deposit amount) for the next month which is February I've calculated both of those liabilities. Those payrolls took place on February 29th (15th and the 29th) so I have those listed here on the 15th and 29th. And those amounts came from here and here. And the same for March. The two liabilities on the 15th and the 31st and those are placed on the 15th and the 31st. We have the sum in the box for each one of the months so for February its these two added together and for march into these two together. This last box is just the sum of all three months added together. So adding down this column (January plus February plus March is this total $42,803.04 which you'll see I had already added together on the Excel document and that total is the same there. So that is how you do schedule be for the 941. And then this problem had another requirement which is down below here. Part B of this problem- they gave you the pay dates. I went ahead and...

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 had a financial interest in, or signature authority over, a financial account in a foreign country or you received a distribution from, or were a grantor of, or transferor to, a foreign trust.

People Also Ask about

What is a Schedule B for foreign accounts and trusts?

You are required to file Schedule B if you: "Have a financial interest in or signature authority over a financial account (such as a bank account, securities account, or brokerage account) located in a foreign country." There is no dollar threshold on the duty to report foreign accounts on Schedule B.

What is schedule B on personal tax return?

Schedule B is a tax schedule provided by the Internal Revenue Service (IRS) that helps taxpayers compute income tax due on interest paid from a bond and dividends earned. Individuals must complete this form and attach it to their annual tax returns if they received more than $1,500 in qualified interest or dividends.

When must Schedule B be completed?

How To Report With Schedule B (Form 941)? Quarter IncludesQuarter EndsJan, Feb, MarMar 31Apr, May, JuneJun 30July, Aug, SeptSep 30Oct, Nov, DecDec 31 Jan 7, 2022

What is a Schedule B form?

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.

What is the schedule B for Social Security?

In completing Schedule B, you take into account the payroll tax credit against the liability for the employer share of social security tax starting with the first payroll payment of the quarter that includes payments of wages subject to social security tax to your employees until you use up to $250,000 of credit

What is a Schedule B Form 1099?

Schedule B is an IRS tax form that must be completed if a taxpayer receives interest income and/or ordinary dividends over the course of the year of more than $1,500. 1. The schedule must accompany a taxpayer's Form 1040. Taxpayers use information from Forms 1099-INT and 1099-DIV to complete Schedule B.

For pdfFiller’s FAQs

How can I modify IRS 1040 - Schedule B without leaving Google Drive?

You can quickly improve your document management and form preparation by integrating pdfFiller with Google Docs so that you can create, edit and sign documents directly from your Google Drive. The add-on enables you to transform your IRS 1040 - Schedule B into a dynamic fillable form that you can manage and eSign from any internet-connected device.

How can I edit IRS 1040 - Schedule B on a smartphone?

You can easily do so with pdfFiller's apps for iOS and Android devices, which can be found at the Apple Store and the Google Play Store, respectively. You can use them to fill out PDFs. We have a website where you can get the app, but you can also get it there. When you install the app, log in, and start editing IRS 1040 - Schedule B, you can start right away.

How do I complete IRS 1040 - Schedule B on an Android device?

Use the pdfFiller mobile app to complete your IRS 1040 - Schedule B on an Android device. The application makes it possible to perform all needed document management manipulations, like adding, editing, and removing text, signing, annotating, and more. All you need is your smartphone and an internet connection.

What is IRS 1040 - Schedule B?

IRS 1040 - Schedule B is a form used to report interest and dividend income as part of an individual's federal income tax return.

Who is required to file IRS 1040 - Schedule B?

Individuals who receive more than $1,500 in interest or dividends, or who have certain other financial interests, are required to file Schedule B.

How to fill out IRS 1040 - Schedule B?

To fill out Schedule B, list each source of interest or dividend income in the appropriate section, report totals, and answer questions regarding foreign accounts and other financial interests.

What is the purpose of IRS 1040 - Schedule B?

The purpose of Schedule B is to provide detailed reporting of interest and dividends income to ensure accurate tax calculations and compliance with IRS regulations.

What information must be reported on IRS 1040 - Schedule B?

Taxpayers must report the names of payers, amounts received from various sources, and answer questions related to foreign bank accounts and trust income.