What's New for 1999?

• Before You Fill In Form 1040
• Capital Gain Distributions-- No Schedule D for Many People!
• Child Tax Credits
• Student Loan Interest Deduction
• Self-Employed Health Insurance Deduction
• Did You Convert Part or All of an IRA to a Roth IRA in 1998?
• IRA Deduction Allowed to More People Covered by Retirement Plans
• Tax From Recapture of Education Credits
• Business Standard Mileage Rate
• Earned Income Credit (EIC)
• New Look for Child Tax Credit and EIC Instructions
• Photographs of Missing Children

What To Look for in 2000.

• Student Loan Interest Deduction
• IRA Deduction Allowed to More People Covered by Retirement Plans

Do You Have To File?

• Chart A: For Most People
• Chart B: For Children and Other Dependents
• Chart C: Other Situations When You Must File
• Exception for Children Under Age 14
• Nonresident Aliens and Dual-Status Aliens

When Should You File?

• What if You Cannot File on Time?

Where to Report Certain Items from 1999 Forms W-2, 1098, & 1099

• Report on W-2 to 1099-G
• Report on 1099-INT to 1099-S
• Private Delivery Services

Name & Address

• Use the Peel-Off Label
• Address Change
• Name Change
• What If You Do Not Have a Label?
• P.O. Box
• Foreign Address
• Death of a Taxpayer

Social Security Number (SSN)

• IRS Individual Taxpayer Identification Numbers (ITINs) for Aliens
• Nonresident Alien Spouse
• Presidential Election Campaign Fund
• Filing Status

Exemptions

• Line 6b
• Line 6c

Income

• Line 7 - Wages, Salaries, Tips, etc.
• Line 8a - Taxable Interest
• Line 8b - Tax-Exempt Interest
• Line 9 - Ordinary Dividends
• Line 10 - Taxable Refunds, Credits, or Offsets of State & Local Income Taxes
• State and Local Income Tax Refund Worksheet--Line 10
• Line 11 - Alimony Received
• Line 12 - Business Income or (Loss)
• Line 13 - Capital Gain or (Loss)
• Line 14 - Other Gains or (Losses)
• Lines 15a and 15b - IRA Distributions
• Lines 16a and 16b - Pensions and Annuities
• Simplified Method Worksheet--Lines 16a & 16b
• Line 19 - Unemployment Compensation
• Lines 20a and 20b - Social Security Benefits
• Social Security Benefits Worksheet--Lines 20a & 20b
• Line 21 - Other Income

Adjusted Gross Income

• Line 23 - IRA Deduction
• IRA Deductions Worksheet--Line 23
• Line 24 - Student Loan Interest Deduction
• Student Loan Interest Deduction Worksheet--Line 24
• Line 25 - Medical Savings Account Deduction
• Line 26 - Moving Expenses
• Line 27 - One-Half of Self-Employment Tax
• Line 28 - Self-Employed Health Insurance Deduction
• Self-Employed Health Insurance Deduction Worksheet--Line 28
• Line 29 - Keogh and Self-Employed SEP and SIMPLE Plans
• Line 30 - Penalty on Early Withdrawal of Savings
• Lines 31a and 31b - Alimony Paid
• Line 32
• Line 33

Tax and Credits

Line 35a

Age

Blindness

Line 35b

Line 36 - Itemized Deductions or Standard Deduction

Line 39 - Taxable Income

Line 40 - Tax

Line 41 - Credit for Child and Dependent Care Expenses

Line 42 - Credit for the Elderly or the Disabled

Line 43 - Child Tax Credit

• Child Tax Credit Pub 972 Questionnaire
• Child Tax Credit Worksheet--Line 43

Line 44 - Education Credits

Line 45 - Adoption Credit

Line 46 - Foreign Tax Credit

Line 47 - Other Credits

Line 48

Other Taxes

• Line 51 - Alternative Minimum Tax
• Line 52 - Social Security and Medicare Tax on Tip Income Not Reported to Employer
• Line 53 - Tax on IRAs, Other Retirement Plans, and MSAs
• Line 54 - Advance Earned IncomeCredit Payments
• Line 55 - Household Employment Taxes
• Line 56 - Total Tax