Category » Tax Forms And Schedules

There were 34 articles found in this category:

1. Federal estate and trust income tax schedules used in PGM for 2010 and beyond
   Federal estate and trust income tax schedules used in PGM for 2008 and beyond The Jobs and Growth Tax Relief and Reconciliation Act of 2003 established reduced income tax rates for individuals, including estates and trusts, effective January 1, 2003. The table below reflects these reduced rate ...
2. Income Tax Table: Estates and Trusts
   Income Tax Table: Estates and Trusts Federal estate and trust income tax schedules used in PGM for 2008 and beyond: 2009 Taxable Income* Tax % on Excess $0 $0 15% 2,300 345 25 5,350 1,108 28 8,200 1,905.50 33 11,150 2,879.00 35 Source: Revenue Procedure 2008-66 2008 Taxable I ...
3. Schedule Z: Heads of Households
   Schedule Z: Heads of Households 2009 Taxable Income* Tax % on Excess $0 $0 10 11,950 1,195 15 45,500 6,228 25 117,450 24,215.00 28 190,200 44,585.00 33 372,950 104,892.50 35 Source: Revenue Procedure 2008-66 Standard Deduction = $8,350 Personal Exemption = $3,650 ($2,433 for taxpayers ...
4. Schedule Y-2: Married Individuals Filing Separately
   Schedule Y-2: Married Individuals Filing Separately 2009 Taxable Income* Tax % on Excess $0 $0 10 8,350 835 15 33,950 4,675 25 68,525 13,318.75 28 104,425 23,370.75 33 186,475 50,447.25 35 Source: Revenue Procedure 2008-66 Standard Deduction = $5,700 Personal Exemption = $3,650 ($2,43 ...
5. Schedule Y-1: Married Filing Jointly and Surviving Spouses
   2009 Taxable Income* Tax % on Excess $0 $0 10 16,700 1,670 15 67,900 9,350 25 137,050 26,637.50 28 208,850 46,741.50 33 372,950 100,894.50 35 Source: Revenue Procedure 2008-66 *Taxable income is equal to gross income minus deductions and exemptions. The 2008 Standard Deduction and Pe ...
6. Schedule X: Single Individuals
   Schedule X: Single Individuals 2009 Taxable Income* Tax % on Excess $0 $0 10 8,350 835 15 33,950 4,675 25 82,250 16,750 28 171,550 41,754 33 372,950 108,216 35 Source: Revenue Procedure 2008-66 Standard Deduction = $5,700 Personal Exemption = $3,650 ($2,433 for taxpayers with adjust ...
7. IRC Sec. 7520. Valuation tables
   IRC Sec. 7520. Valuation tables PG Calc summary Section 7520 of the Internal Revenue Code went into effect May 1, 1989. It describes the valuation tables that must be used for computing the value of certain income interests. These tables are used to computed the charitable deduction for all l ...
8. 1099-R Instructions for 2007
   Software Updates The Internal Revenue Service has not made any changes to the 1099-R form or tax file for 2007. Therefore, PG Calc will not be releasing a GiftWrap year-end update for 2007. If you produce 1099-R’s using GiftWrap, you must be using version GW 3.5C. Please note that whe ...
9. Instructions for Ordering 1099-R and 1096 Tax Forms
   GiftWrap is designed to print on 2-part 1099-R forms; 2 beneficiaries per page. Determine the number of 1099-R forms needed (total beneficiaries who received income in the reporting year divided by 2). Increase that number by 10%-15% to give extras for testing, printer alignment, and replacem ...
10. Unified Gift and Estate Tax Credit - Definition
    Unified Gift and Estate Tax Credit The unified gift and estate tax credit is the lifetime federal credit available to each taxpayer to reduce the tax on taxable transfers that he or she makes during life and at death. Under The Economic Growth and Tax Relief Reconciliation Act of 2001, the gift ...
11. State Death Tax
    State Death Tax (Sponge Tax) Sponge tax is the term used to describe a state death tax that maximizes the state’s share of an estate's transfer taxes without increasing the estate’s total transfer tax burden. A person’s estate may take a credit against federal estate tax for e ...
12. Section 501(C)(3)
    Section 501(C)(3) Section 501(C)(3) is a section of the IRS Code that defines the requirements for being a non-profit institution.
13. Section 170(C)
    Section 170(C) Section 170(C) is a section of the IRS Code that defines the charitable contribution.
14. Section 7520
    Section 7520 Section 7520 is a section of the IRS Code that defines the requirements for valuing income streams. This section is used to compute deductions for split interest gifts. Among its provisions, this section introduced the monthly IRS discount rate and new mortality tables, effective ...
15. Massachusetts 2-G
    Massachusetts 2-G The Massachusetts 2-G is a Massachusetts state tax form for reporting income, deductions, credits, etc. of a grantor-type trust. Massachusetts charities report pooled fund income to their Massachusetts participants on this form. Pooled Fund Organizer, PG Calc's software for ...
16. Gift tax credit schedule under 2001 Tax Act
    Gift tax credit schedule under 2001 Tax Act Year Amount of Credit Amount of Exemption Equivalent 2001 220,550 675,000 2002+ 345,800 1,000,000 Sources: The Economic Growth and Tax Relief Reconciliation Act of 2001; IRC Sec. 2010(c); Taxpayer ...
17. Form 8283
    Form 8283 Form 8283 is a federal informational form filed by a donor with his of her tax return. The form describes all non-cash gifts with a value in excess of $500. For non-cash gifts valued at $5,000 or more that are not publicly traded securities, the form must include an appraisal summar ...
18. Form 8282
    Form 8282 Form 8282 is a federal informational form filed by a charity. The charity submits the form for each non-cash asset that had a value in excess of $500 at the time of donation and that it sells within two years of donation.
19. Form 709
    Form 709 Form 709 is the federal gift tax return filed by individual taxpayers.
20. Form 706
    Form 706 Form 706 is the federal estate tax return filed by individual taxpayers. This form is also used for reporting generation skipping transfer tax.