Enter the total of any taxes from Form 4137 and Form 8919. Check the appropriate box(es).taxmap/instr/i1040gi-013.htm#TXMP1fbb7148
If you received tips of $20 or more in any month and you did not report the full amount to your employer, you must pay the social security and Medicare or railroad retirement (RRTA) tax on the unreported tips. You must also pay this tax if your Form(s) W-2 shows allocated tips that you are including in your income on Form 1040, line 7.
To figure the social security and Medicare tax, use Form 4137. If you owe RRTA tax, contact your employer. Your employer will figure and collect the RRTA tax.
You may be charged a penalty equal to 50% of the social security and Medicare tax due on tips you received but did not report to your employer.
If you are an employee who received wages from an employer who did not withhold social security and Medicare tax from your wages, use Form 8919 to figure your share of the unreported tax. Include on line 58 the amount from line 13 of Form 8919. Include the amount from line 6 of Form 8919 on Form 1040, line 7.taxmap/instr/i1040gi-013.htm#TXMP544c8123taxmap/instr/i1040gi-013.htm#TXMP0b939836
You may not owe this tax if the distribution was made or repaid because of the May 4, 2007, Kansas storms and tornadoes or the storms, tornadoes, or flooding in a Midwestern disaster area. For details, see Pub. 4492-A (Kansas) or Pub. 4492-B (Midwestern disaster areas).
If any of the following apply, see
Form 5329 and its instructions to find out if you owe this tax and if you must file
- You received an early distribution from (a) an IRA or other qualified retirement plan, (b) an annuity, or (c) a modified endowment contract entered into after June 20, 1988, and the total distribution was not rolled over in a qualified rollover contribution.
- Excess contributions were made to your IRAs, Coverdell education savings accounts (ESAs), Archer MSAs, or health savings accounts (HSAs).
- You received taxable distributions from Coverdell ESAs or qualified tuition programs.
- You were born before July 1, 1937, and did not take the minimum required distribution from your IRA or other qualified retirement plan.
If only item (1) applies and distribution code 1 is correctly shown in box 7 of Form 1099-R, you do not have to file Form 5329. Instead, multiply the taxable amount of the distribution by 10% (.10) and enter the result on line 59. The taxable amount of the distribution is the part of the distribution you reported on Form 1040, line 15b or line 16b, or on Form 4972. Also, enter taxmap/instr/i1040gi-013.htm#TXMP22c21e1f
No under the heading
Other Taxes to the left of line 59 to indicate that you do not have to file Form 5329. But if distribution code 1 is incorrectly shown in box 7 of Form 1099-R or you qualify for an exception for qualified medical expenses, qualified higher education expenses, qualified first-time homebuyer distributions, or a qualified reservist distribution, you must file Form 5329.
If your economic stimulus payment was directly deposited to your IRA, Coverdell ESA, Archer MSA, HSA, or qualified tuition program account and you withdraw it by the due date (including extensions) of your 2008 return, you do not have to file Form 5329 and you do not owe this tax on the contribution or distribution of the economic stimulus payment. For a Coverdell ESA, the withdrawal can be made by the later of the above date or June 1, 2009. If you did not withdraw the economic stimulus payment by that date, see Form 5329 and its instructions.taxmap/instr/i1040gi-013.htm#TXMP3ac64c86taxmap/instr/i1040gi-013.htm#TXMP275877e0
Enter the total of any advance earned income credit (AEIC) payments you received and household employment taxes from Schedule H. Check the appropriate box(es).taxmap/instr/i1040gi-013.htm#TXMP6c594881
Enter the amount of AEIC payments you received. These payments are shown in box 9 of Form(s) W-2.taxmap/instr/i1040gi-013.htm#TXMP27a42937
If any of the following apply, see Schedule H and its instructions to find out if you owe these taxes.
- You paid any one household employee (defined on page 45) cash wages of $1,600 or more in 2008. Cash wages include wages paid by check, money order, etc.
- You withheld federal income tax during 2008 at the request of any household employee.
- You paid total cash wages of $1,000 or more in any calendar quarter of 2007 or 2008 to household employees.
For item (1), do not count amounts paid to an employee who was under age 18 at any time in 2008 and was a student.
Any person who does household work is a household employee if you can control what will be done and how it will be done. Household work includes work done in or around your home by babysitters, nannies, health aides, maids, yard workers, and similar domestic workers.taxmap/instr/i1040gi-013.htm#TXMP2c6870d3taxmap/instr/i1040gi-013.htm#TXMP01eb3929
Include in the total on line 61 any of the following taxes. To find out if you owe the tax, see the form or publication indicated. On the dotted line next to line 61, enter the amount of the tax and identify it as indicated.
- Additional tax on health savings account (HSA) distributions (see Form 8889, Part II). Identify as
- Additional tax on an HSA because you did not remain an eligible individual during the testing period (see Form 8889, Part III). Identify as
- Additional tax on Archer MSA distributions (see Form 8853). Identify as
- Additional tax on Medicare Advantage MSA distributions (see Form 8853). Identify as
- Recapture of the following credits.
- Investment credit (see Form 4255). Identify as
- Low-income housing credit (see Form 8611). Identify as
- Qualified electric vehicle credit (see Form 8834). Identify as
- Indian employment credit (see Form 8845). Identify as
- New markets credit (see Form 8874). Identify as
- Credit for employer-provided child care facilities (see Form 8882). Identify as
- Alternative motor vehicle credit (see Form 8910). Identify as
- Alternative fuel vehicle refueling property credit (see Form 8911). Identify as
- Recapture of federal mortgage subsidy. If you sold your home in 2008 and it was financed (in whole or in part) from the proceeds of any tax-exempt qualified mortgage bond or you claimed the mortgage interest credit, see Form 8828. Identify as
- Section 72(m)(5) excess benefits tax (see Pub. 560). Identify as "Sec. 72(m)(5)."
- Uncollected social security and Medicare or RRTA tax on tips or group-term life insurance. This tax should be shown in box 12 of Form W-2 with codes A and B or M and N. Identify as
- Golden parachute payments. If you received an excess parachute payment (EPP), you must pay a 20% tax on it. This tax should be shown in box 12 of Form W-2 with code K. If you received a Form 1099-MISC, the tax is 20% of the EPP shown in box 13. Identify as
- Tax on accumulation distribution of trusts (see Form 4970). Identify as
- Excise tax on insider stock compensation from an expatriated corporation. You may owe a 15% excise tax on the value of nonstatutory stock options and certain other stock-based compensation held by you or a member of your family from an expatriated corporation or its expanded affiliated group in which you were an officer, director, or more-than-10% owner. See section 4985. Identify as
- Additional tax on income you received from a nonqualified deferred compensation plan that fails to meet certain requirements. This income should be shown in box 12 of Form W-2 with code Z, or in box 15b of Form 1099-MISC. The tax is 20% of the amount required to be included in income plus an interest amount determined under section 409A(a)(1)(B)(ii). See section 409A(a)(1)(B) for details. Identify as
- Interest on the tax due on installment income from the sale of certain residential lots and timeshares. Identify as
- Interest on the deferred tax on gain from certain installment sales with a sales price over $150,000. Identify as
- Additional tax on recapture of a charitable contribution deduction relating to a fractional interest in tangible personal property. See Pub. 526. Identify as