spouse does not have enough tax
withheld or doe not pay enough estimated tax, you may want to file as
"married filing separate".
The Head of Household filing status is for unmarried
individuals who provide a home for certain other persons. You are
considered unmarried for this purpose if you were legally separated
according to your state law under a decree of divorce or separate
maintenance at the end of 2014.
A custodial parent who has revoked his or her previous
release of a claim to exemption for a child must include a copy of the
revocation with his or her tax return.
If you received a refund, credit, or offset of state of
local income taxes in 2014, you may receive a Form 1099-G. If you
itemized deductions for the year that the tax was paid to the state or
other taxing authorities, you may have to report part or all of the
refund on Form 1040 for 2014.
You must include in the total on line 7 of Form 1040A tip
income that you did not report to your employer. You must use Form 1040
and Form 4137 if you received tips of $20 or more in any month and did not
report the full amount to your employer.
Allocated tips should be shown in box 8 of your Form W-2
and they are not shown in box 1.
Each payer of taxable interest income should send you a
Form 1099-INT or Form 1099-OID. You must fill in and attach Schedule B
if the total interest received is over $1,500.
Each payer of ordinary dividends should send you a Form
1099-DIV. Enter your total ordinary dividends on line 9a of you Form
1040A. You must fill in and attach Schedule B if the total is over
$1,500.
Qualified dividends are eligible for a lower tax rate
than other ordinary income. Some dividends may be reported as qualified
dividends in box 1b of Form 1099-DIV but are not qualified dividends
such as dividends received as a nominee. Dividends you received on any share
of stock which you held for less than 61 days during the 121 day period that
began 60 days before then ex-dividend date are also not qualified dividends.
Neither are qualified dividends any payments you receive in lieu of
dividends, but only if you know or have reason to know that those payments
are not qualified dividends.
The following is an example of a
situation which involves qualified dividends. You bought 10,000 shares of ABC Mutual Fund Common stock
on July 8, 2014. ABC Mutual Fund paid a cash dividend of 10 cents a
share. The ex-dividend date was July 15, 2013. The ABC Mutual fund
advises you that the portion of the dividend eligible to be treated as
qualified dividends equals 2 cents per share. Your Form 1099-DIV form
ABC Mutual Fund shows total ordinary dividends of $1,000, and qualified
dividends of $200. However, you sold the 10,000 shares on August 11,
2013. As a result, you have no qualified dividends from ABC Mutual Fund
because you held the ABC Mutual Fund stock for less than 61 days.
To further illustration, you bought 5,000 shares of XYZ Corp. common stock on July
8, 2014. XYZ Corp. paid a cash dividend of 10 cents per share. The
ex-dividend date was July 15, 2014. Your Form 1099-DIV from XYZ
Corporation shows $500 in Box 1a (ordinary dividends) and in box 1b
(qualified dividends). However, you sold the 5,000 shares on August 11,
2014. You held your shares of XYZ Corp. for only 34
