PA DCED CLGS-32-1 2012 free printable template

After April 15 you must complete Form W-2, Employee's Withholding Allowance Statement. Use Form W-2-EZ, Employee's Withholding Request, and the instructions to complete this form and send it to the IRS. You cannot change this payment as long as you are filing this return. 2. EXEMPTIONS: A taxpayer is relieved from the tax due on the value of any exempt property if the taxpayer: (1) holds the exempt property continuously through December 31 of the year; (2) has held the exempt property continuously for the preceding tax year; and (3) has reasonable cause for reasonable delay in filing the return. B. Forms and Instructions 1. Form 1099-MISC, Miscellaneous Income Tax Return. The form is available electronically through the IRS Website at. To submit your claim for a refund by mail, you may wish to use Form 4029. The return must be submitted by June 30 of the year following the year it was claimed. All forms must be accompanied by a bill or receipt. 2. Internal Revenue Code, Section 6516, Foreign Currency Reporting on a Cash or Credit Return. This section of the Internal Revenue Code requires taxpayers to report the fair market value of property held by the taxpayer in foreign countries based on a reasonable basis. The provisions of this section are intended to prevent overpayment of tax. 3. Internal Revenue Code, Section 6517, Interest Deduction on Tax-Exempt Bond Interest. If you are married and file joint returns, you may be eligible for an income tax credit if you file an applicable section 72(t) tax return. The interest deduction should be claimed on Form 8283. You must claim the interest deduction for the period when the interest is actually paid, the tax year in question. You may be entitled to a refund at any time if it has been more than five years since the last return was filed for the tax year of the interest. If you do not use Form 8283, you should report the interest deduction on Form 1040, line 14. 4. Internal Revenue Code, Section 6501, Payment of Tax Due Under a Deferred Compensation Plan or Annuity Agreement. In general, you can't get a tax credit for amounts paid on a deferred compensation plan or annuity agreement. However, the rules have been interpreted to permit credit for certain amounts paid that have been deferred under a deferred compensation plan but not for those payments that were based on performance.