Tax Long Forms

Basic Information - Personal Forms for Form 1040

W-2	Wage and Tax Statement (earnings from your employer's)
Tax Exemptions	List your dependents to help reduce your taxable income
Personal Tax Information	Information such as name(s), address, birth date, phone, etc.
Tax Credits	Child Care, Education, and Earned Income (EIC) Credits
Personal Forms - Additional
Interest & Dividends (Schedule B)	Over $400.00 Income from Savings Accounts, Dividends and other interest.
Tax Itemized Deductions	Deductions must exceed $4400 - Single and $7600 - Married
Retirement (1099R) and Gambling Income (WG-2)	Income from Retirement, Pensions, IRA, Gambling & Lump Sum Distributions.
Additional Investment & Business Forms
Business Income (Schedule C)	Business Profit & Loss information plus any 1099-MISCs. Note: You may also need to complete the Assets form.
Vehicle Business Use	Business use of your vehicle(s) - Mileage.
Rent and Royalty Income (Schedule E)	Rental and Royalty Income, Loss & Expenses. Note: You may also need to complete the Assets for
Office-In-Home	Business Expenses for use of your Home.
Assets - Purchases & Sales	Report acquirement of Business Assets and Sales. May be needed with Schedule C - E or F.
Estimated Tax Payments	If you made quarterly tax payments to IRS and State.
Gains and Losses)	Gains and Losses, Stock Sales, Partnerships & S-Corporations.
Payment Information
Tax Payments	For Payment of you Tax Preparation Fees. Please provide Payment Information for All returns

Form 1040 - U.S. Individual Income Tax Return (Long Form)
use this form if:

Your taxable income is more than $50,000.00

You itemize your deductions.

You received or paid accrued interest on securities transferred between interest payment dates.

You received nontaxable dividends or capital gains distributions.

You had gain from the sale of property, barter income, alimony income, taxable refunds of state and local income taxes and self-employment income (including farm income).

You sold or exchanged capital assets or business property.

You claim adjustments to gross income for payments to a medical savings account; moving expenses; one-half of your self-employment tax; payments for self-employed health insurance; payments to a Keogh, SEP, or SIMPLE plan; the penalty on early withdrawal of savings; alimony paid; certain required repayments of supplemental unemployment benefits; jury pay turned over to your employer; qualified performing artists' expenses; or other allowable adjustment to income.

You received $20.00 or more in tips in any one month and did not report all of them to your employer.

You must pay tax on self-employment income.

You claim any of the following credits:

Mortgage interest credit.

Foreign tax credit.

Any general business credit.

Credit for prior year minimum tax.

Credit for fuel from a non-conventional source.

Credit for federal tax on fuels.

Qualified electric vehicle credit.

Regulated investment company credit.

You file any of the following forms:

Form 2555, Foreign Earned Income.

Form 4563, Exclusion of Income for Bona Fide Residents of American Samoa.

Form 4970, Tax on Accumulation Distribution of Trusts.

Form 4972, Tax on Lump-Sum Distributions (Retirement Plans, Pensions, and Annuities.

Form 5329, Additional Taxes Attributable to IRAs, Other Qualified Retirement Plans, Annuities, Modified Endowment Contacts and MSAs.

Form 8271, Investor Reporting of Tax Shelter Registration Number.

Form 8814, Parents' Election to Report Child's Interest and Dividends.

Form 8853, Medical Savings Accounts and Long-Term Care Insurance Contracts.

Call for more information: (760) 508-4506
Jerry Mallard - Proprietor.

E-mail: jmallard@jmallard.com