Example: tourism industry

Individual Income Tax Instructions Packet

Forms and Instructions for: Form 40 Form 39R Resident Supplemental Schedule (Resident) Form 43 Form 39NR Part-Year Resident or Supplemental Schedule Nonresident (Part-Year Resident or Nonresident)2017 Individual Income TaxThese Instructions don't provide a comprehensive explanation of Idaho tax laws or rules. General Questions: Refund Information: (208) 334-7660 in the Boise area (208) 364-7389 in the Boise area (800) 972-7660 toll-free (888) 228-5770 toll-free Hearing Impaired (TDD): (800) 377-3529 Track your refund progress Get more Web Access?

Forms and instructions for: Form 40 Form 39R Resident Supplemental Schedule (Resident) Form 43 Form 39NR Part-Year Resident or Supplemental Schedule

Tags:

  Income, Instructions, Income tax instructions

Information

Domain:

Source:

Link to this page:

Please notify us if you found a problem with this document:

Other abuse

Transcription of Individual Income Tax Instructions Packet

1 Forms and Instructions for: Form 40 Form 39R Resident Supplemental Schedule (Resident) Form 43 Form 39NR Part-Year Resident or Supplemental Schedule Nonresident (Part-Year Resident or Nonresident)2017 Individual Income TaxThese Instructions don't provide a comprehensive explanation of Idaho tax laws or rules. General Questions: Refund Information: (208) 334-7660 in the Boise area (208) 364-7389 in the Boise area (800) 972-7660 toll-free (888) 228-5770 toll-free Hearing Impaired (TDD): (800) 377-3529 Track your refund progress Get more Web Access?

2 1 WHAT'S NEW FOR 2017 File your return online to get faster refunds, fewer errors, and receipt confi rmation. Visit our website at to fi nd free e-fi le services for eligible taxpayers. Use our free Quick Pay option to make online payments at A STAMP FILE ONLINE, PAY ONLINE!CONFORMITY TO INTERNAL REVENUE CODE (IRC)Idaho conforms to the IRC as of January 1, 2017. Idaho doesn't conform to bonus depreciation for assets acquired after 2009. RAPID RESPONSE = FASTER REFUNDAll Income tax returns go through identity theft fraud detection and accuracy checks before any refunds are issued.

3 After you fi le your return, we may send you letters asking for more information. Fraud Detection. To detect and combat tax identity theft, the Tax Commission uses a variety of methods to validate your identity and tax return. To help protect your information and keep taxpayer dollars from going to criminals, we may send you: An Identity Verifi cation letter that asks you to take a short online quiz or provide copies of documents to verify your identity, or indicate that you didn't fi le a return A PIN letter that asks you to verify online whether you or someone you authorized fi led the tax return we received Accuracy Checks.

4 We stop about 25% of Individual Income tax returns each year to resolve mathematical errors or request missing information. We want to be sure that your tax return correctly refl ects your information and intent. To do this, we may send you: A Request for Information letter that asks for missing or additional information to support data reported on your tax return A Tax Computation Change letter that provides an explanation of changes that we made to your tax return Please contact us if you have any questions about correspondence we've sent you.

5 TYPICAL REFUND TIMEFRAME E-fi led? Generally, you can expect your refund about 7-8 weeks after the date you receive your fi ling acknowledgement from the state. Filed on paper? Your return will take about 10-11 weeks to process. We must manually enter information from paper returns into our database. First time you fi led an Idaho Income tax return? It will take about 3 weeks to enter your account into our system. Until that time our refund updates will report your return as "not entered in system.

6 " Add those 3 weeks to the estimates above to determine the approximate date you can expect to receive your refund. Received a letter from us asking for more information? Your refund will be delayed until you provide the information requested. Once we receive the information, it will take about 6 weeks to review your material and then fi nish processing your refund. QUICK PAY OPTION FOR ONLINE PAYMENTSPay your taxes online without creating an account through our free Quick Pay option. With Quick Pay, you schedule your payment and authorize the state to take a certain amount of money from your checking or savings account using ACH debit.

7 For more information, visit EXCEPTIONS2 Use Form 40 if you're a: Resident or Resident in the military. See page Form 39R if you fi le a Form 40 and claim any additions, subtractions, or certain credits. Use Form 44 for business credits. WHICH FORM TO USEGENERAL INFORMATIONINFORMATION AND FORMSF orms are available at Tax Commission offi ces or can be obtained: On the web at (some forms are fi llable) By calling (208) 334-7660 in the Boise area or (800) 972-7660 You can use photocopies of these tax forms. Your copy must be REQUIREMENTSR esidentIf you're required to fi le a federal Income tax return, you must fi le an Idaho return.

8 However, if you're fi ling a federal Income tax return only to pay self-employment tax and aren't otherwise required to fi le a federal Income tax return, you aren't required to fi le an Idaho Income tax fi ling requirement is based on gross Income as shown below. Gross Income is defi ned on page 4. When computing gross Income , don't include nontaxable Social Security benefi ts unless you're married fi ling a separate return and lived with your spouse at any time during GROSS INCOMEM arried Filing Jointly: Under 65 (both spouses) .. $ 20,800 65 or older (one spouse).

9 $ 22,050 65 or older (both spouses) .. $ 23,300 Head Of Household: Under 65 .. $ 13,400 65 or older .. $ 14,950 Single: Under 65 .. $ 10,400 65 or older .. $ 11,950 Qualifying Widow(er) With Dependent Child: Under 65 .. $ 16,750 65 or older .. $ 18,000 Married Filing Separately: Any age .. $ 4,050 Dependent Claimed On Someone Else's Return:If your parent (or someone else) can claim you as a dependent,use the following information to see if you must fi le a Income includes taxable interest, ordinary dividends, and capital gain distributions. It also includes unemployment compensation, taxable social security benefi ts, pensions, annui-ties, and distributions of unearned Income from a Income includes salaries, wages, tips, professional fees, and taxable scholarships and fellowship Income is the total of your unearned and earned dependents.

10 Were you either age 65 or older or blind? No. You must fi le a return if any of the following apply: Your unearned Income was over $1,050 Your earned Income was over $6,350 Your gross Income was more than the larger of : $1,050, or Your earned Income (up to $6,000) plus $350 Yes. You must fi le a return if any of the following apply: Your unearned Income was over $2,600 ($4,150 if 65 or older and blind) Your earned Income was over $7,900 ($9,450 if 65 or older and blind) Your gross Income was more than the larger of: $2,600 ($4,150 if 65 or older and blind), or Your earned Income (up to $6,000) plus $1,900 ($3,450 if 65 or older and blind.)


Related search queries