IRS 1040 - Schedule H 2015 free printable template
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Information about Schedule H and its separate instructions is at www.irs.gov/scheduleh. Attachment Sequence No. 44 Social security number Name of employer Employer identification number Calendar year taxpayers having no household employees in 2015 do not have to complete this form for 2015. Household Employment Taxes SCHEDULE H Form 1040 Department of the Treasury Internal Revenue Service 99 OMB No* 1545-1971 For Social Security Medicare Withheld Income and Federal Unemployment FUTA Taxes ...Attach to Form 1040 1040NR 1040-SS or 1041. A Did you pay any one household employee cash wages of 1 900 or more in 2015 If any household employee was your spouse your child under age 21 your parent or anyone under age 18 see the line A instructions before you answer this question* Yes. Skip lines B and C and go to line 1. No* Go to line B. B Did you withhold federal income tax during 2015 for any household employee C Did you pay total cash wages of 1 000 or more in any calendar quarter of 2014...or 2015 to all household employees Do not count cash wages paid in 2014 or 2015 to your spouse your child under age 21 or your parent. No* Stop* Do not file this schedule. Part I 1 Total cash wages subject to social security tax. 4 Medicare tax. Multiply line 3 by 2. 9. 029. 6 Additional Medicare Tax withholding. Multiply line 5 by 0. 9. 009 7 Federal income tax withheld if any. 8 Total social security Medicare and federal income taxes. Add lines 2 4 6 and 7. No* Stop* Include the amount from...line 8 above on Form 1040 line 60a* If you are not required to file Form 1040 see the line 9 instructions. Yes. Go to line 10. For Privacy Act and Paperwork Reduction Act Notice see the instructions. Cat* No* 12187K Schedule H Form 1040 2015 Page Part II Federal Unemployment FUTA Tax Yes No 10 Did you pay unemployment contributions to only one state If you paid contributions to a credit reduction state see instructions and check No*. 11 Did you pay all state unemployment contributions for 2015...by April 18 2016 Fiscal year filers see instructions 12 Were all wages that are taxable for FUTA tax also taxable for your state s unemployment tax. Next If you checked the Yes box on all the lines above complete Section A. If you checked the No box on any of the lines above skip Section A and complete Section B. Section A 13 Name of the state where you paid unemployment contributions 14 Contributions paid to your state unemployment fund. 16 FUTA tax. Multiply line 15 by. 6. 006. Enter the...result here skip Section B and go to line 25 17 Complete all columns below that apply if you need more space see instructions a Name of state b Taxable wages as defined in state act c State experience rate period From To d State experience rate e Multiply col* b by. 054 f by col* d Totals. Add columns g and h of line 18. Multiply line 20 by 6. 0060 Enter the smaller of line 19 or line 22. Employers in a credit reduction state must use the worksheet on page H-7 and check here 24 FUTA tax....Subtract line 23 from line 21. Enter the result here and go to line 25. g Subtract col* f from col* e.
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Instructions and Help about IRS 1040 - Schedule H
How to edit IRS 1040 - Schedule H
How to fill out IRS 1040 - Schedule H
Instructions and Help about IRS 1040 - Schedule H
How to edit IRS 1040 - Schedule H
To edit IRS 1040 - Schedule H, start by locating the form in an editable format. Use online tools that allow for modifications, ensuring that you can easily input accurate data. Confirm that any edits made maintain compliance with IRS rules.
How to fill out IRS 1040 - Schedule H
Filling out IRS 1040 - Schedule H involves several steps:
01
Gather necessary personal and business information.
02
Complete the top section with the taxpayer's name and Social Security number.
03
Provide details regarding household employment taxes.
04
Calculate the total taxes due and any adjustments.
Ensure you double-check each entry for accuracy to avoid potential penalties.
About IRS 1040 - Schedule H 2015 previous version
What is IRS 1040 - Schedule H?
IRS 1040 - Schedule H is a supplemental tax form used to report household employment taxes. This form is necessary for individuals who employ household staff, such as nannies or housekeepers, and need to report wages and calculate the social security, Medicare, and federal unemployment taxes owed.
When am I exempt from filling out this form?
You are exempt from filling out IRS 1040 - Schedule H if you do not have any household employees or if your household employee wages do not exceed the $2,400 threshold in a tax year. Additionally, if payments for household work are made only to independent contractors or if you employ workers solely for sporadic duties, you may not need to file.
What are the penalties for not issuing the form?
Failing to file IRS 1040 - Schedule H when required may result in penalties. Taxpayers could face fines, interests on unpaid taxes, and additional audits from the IRS. The penalty for not reporting household employment taxes can be as high as 5% of the unpaid tax for each month the return is late, up to a maximum of 25%.
Is the form accompanied by other forms?
IRS 1040 - Schedule H may need to be submitted alongside your main tax return, Form 1040. If you are also making estimated tax payments or you owe additional taxes, you may need to attach Form 1040-ES or other related forms depending on your specific tax situation.
What is the purpose of this form?
The primary purpose of IRS 1040 - Schedule H is to ensure that taxpayers meet their tax obligations related to household employees. By accurately reporting these taxes, taxpayers help fund important social services and comply with federal tax laws.
Who needs the form?
Individuals who employ domestic workers totaling $2,400 or more in wages for the year must file IRS 1040 - Schedule H. This includes nannies, caregivers, and any other household employees. If your total payments fall below this threshold, you are not required to file this form.
Components of the form
IRS 1040 - Schedule H consists of various sections, including personal information, employer details, employee information, and calculations for taxes owed. Key components include the total wages paid, the amounts withheld for social security and Medicare taxes, and any credits or adjustments applicable to the taxpayer.
What information do you need when you file the form?
When filing IRS 1040 - Schedule H, you need your personal identification information, including Social Security numbers, details of your household employees, total wages paid, and calculations for taxes owed. Ensure you have any previous records regarding household employee compensation to provide accurate reporting.
Where do I send the form?
IRS 1040 - Schedule H must be mailed to the address specified in the IRS instructions that accompany the form. If you are filing electronically, it will be submitted through your tax software. Ensure that you send it to the correct address based on your state of residence and whether you include a payment.
FAQ about IRS 1040 - Schedule H
What should I do if I realize I've made a mistake after filing my IRS 1040 - Schedule H?
If you've made an error on your IRS 1040 - Schedule H, you can file an amended return using Form 1040-X. Ensure that you clearly indicate the corrections and attach a revised Schedule H. It's important to submit this as soon as the mistake is noticed to avoid potential complications.
How can I verify the status of my submitted IRS 1040 - Schedule H?
To check the status of your IRS 1040 - Schedule H, you can use the IRS's 'Where's My Refund?' tool if you filed electronically. Alternatively, if you mailed your return, you may call the IRS directly. Be prepared to provide personal information for verification.
What should I be aware of regarding e-signature on IRS 1040 - Schedule H?
When e-filing your IRS 1040 - Schedule H, an electronic signature is usually accepted, provided you follow IRS protocols for e-filing. Keep in mind that it's crucial to securely authenticate your identity to prevent unauthorized submissions.
What common errors should I avoid when filing IRS 1040 - Schedule H?
Common errors include incorrect Social Security numbers, mismatched names, and failing to report taxable responsibilities accurately. Always double-check the information and ensure all fields are completed appropriately to avoid delays or rejections.
What if my IRS 1040 - Schedule H submission is rejected; can I get a refund?
If your submission of IRS 1040 - Schedule H is rejected, you generally do not incur a fee for the rejected return. However, fix any issues and resubmit promptly to ensure compliance and avoid potential late fines.
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