Instructions For Form 1040x - Amended U.s. Individual Income Tax Return - 2007 Page 5
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7Undistributed Long-Term Capital Gains; Form 4136, Credit
IF you are
THEN enter on Form 1040X,
amending AND your filing
for Federal Tax Paid on Fuels; Form 8801, Credit for Prior
your...
status is...
line 2...
line 4...
Year Minimum Tax – Individuals, Estates, and Trusts, if the
credit is refundable; and Form 8885, Health Coverage Tax
2007
Single
$ 5,350
$3,400
Credit. Instead, use line 15 for these credits.
return
Married filing jointly
10,700
6,800
To find the corresponding lines on the return you are
2006
Single
$ 5,150
$3,300
amending, use the chart on page 7 for the appropriate year.
return
Married filing jointly
10,300
6,600
Line 9
2005
Single
$ 5,000
$3,200
Include other taxes such as:
return
Married filing jointly
10,000
6,400
•
Self-employment tax.
•
2004
Single
$4,850
$3,100
Additional tax on IRAs, other qualified retirement plans,
return
Married filing jointly
9,700
6,200
etc.
•
Advance earned income credit payments.
•
Recapture taxes (for example, recapture of investment
Line 5
credit or low-income housing credit).
•
The amount in any column of line 5 may be negative.
Tax from Form 4970, Tax on Accumulation Distribution of
Trusts.
Example. Margaret Coffey showed $0 taxable income
•
Household employment taxes. If you are changing these
on her original return, even though she actually had a loss of
taxes, attach Schedule H (Form 1040) and enter in Part II of
$1,000. She later discovered she had additional income of
Form 1040X the date the error was discovered. If you are
$2,000. Her Form 1040X, line 5, would show ($1,000) in
changing the wages paid to an employee for whom you filed
column A, $2,000 in column B, and $1,000 in column C. If
Form W-2, you must also file Form W-2c, Corrected Wage
she failed to take into account the loss she actually had on
and Tax Statement, and Form W-3c, Transmittal of
her original return, she would report $2,000 in column C and
Corrected Wage and Tax Statements.
possibly overstate her tax liability.
To find the corresponding lines on the return you are
Tax Liability
amending, use the chart on page 7 for the appropriate year.
Line 6
Payments
Enter your income tax before subtracting any credits. Figure
Lines 11 Through 16
the tax on the taxable income reported on line 5, column C.
Attach the appropriate schedule or form(s). Include on line 6
To find the corresponding lines on the return you are
any additional taxes from Form 4972, Tax on Lump-Sum
amending, use the chart on page 7 for the appropriate year.
Distributions; Form 8889, Health Savings Accounts (HSAs);
Line 11. If you are changing these amounts, attach to the
and any recapture of education credits.
front of Form 1040X a copy of all additional or corrected
Forms W-2 or 1099-R you received after you filed your
Any changes made to lines 1 through 5 above may
original return. Enter in column B any additional amounts
!
affect or cause you to owe alternative minimum tax.
shown on these forms as Federal income tax withheld.
See the instructions for the form you are amending
CAUTION
Line 12. Enter the estimated tax payments you claimed on
to determine if you must file Form 6251, Alternative
your original return. If you filed Form 1040-C, U.S. Departing
Minimum Tax — Individuals. Include any alternative minimum
Alien Income Tax Return, include the amount you paid as
tax on line 6.
the balance due with that return.
Indicate the method you used to figure the tax shown in
Line 13. If you are amending your return to claim the
column C. For example:
earned income credit (EIC) and you have a qualifying child,
attach Schedule EIC (Form 1040A or 1040).
THEN enter on Form
IF you used...
1040X, line 6...
If your EIC was reduced or disallowed for a tax year
!
after 1996, see the Instructions for Form 8862,
The Tax Tables
Table
Information To Claim Earned Income Credit After
CAUTION
The Tax Computation Worksheet
TCW
Disallowance, to find out if you must also file that form to
claim the credit.
Schedule D (Form 1040)
Sch. D
Line 14. If you are amending your return to claim the
Schedule J (Form 1040)
Sch. J
additional child tax credit, attach Form 8812.
The Qualified Dividends and Capital Gain
Line 15. If you are amending your return to claim a credit
Tax Worksheet
QDCGTW
on this line, attach Form 2439 (Copy B), Form 4136, Form
8801 (if the credit claimed is refundable), Form 8885, or
The Foreign Earned Income Tax
Form 8913, if required.
Worksheet
FEITW
Note. The federal telephone excise tax credit applies only
to 2006.
Line 7
Line 16. Enter any amount paid with Forms 4868 or 2350
Enter your total credits, such as:
(or Form 2688 for 2004 only). Also include any amount paid
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Credit for child and dependent care expenses.
with a credit card used to get an extension of time to file. But
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Credit for the elderly or the disabled.
do not include the convenience fee you were charged. Also
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Education credits.
include any amount paid by electronic funds withdrawal.
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Retirement savings contributions credit.
•
Line 17.
Child tax credit.
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Adoption credit.
Enter the amount of tax you paid from the “Amount you owe”
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Nonrefundable credit for prior year minimum tax.
line on your original return. Also, include any additional tax
Do not include the federal telephone excise tax credit or the
payments made after it was filed. Do not include payments
credits from Form 2439, Notice to Shareholder of
of interest or penalties.
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