Instructions For Form 1040-Ss - U.s. Self-Employment Tax Return (Including The Additional Child Tax Credit For Bona Fide Residents Of Puerto Rico) - Internal Revenue Service - 2005 Page 4
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7cash and charge tips of $20 or more in
claim it on Form 1040-SS. Figure this
Note. An adopted child is always
any month and did not report all of
amount separately for you and your
treated as your own child. An adopted
those tips to your employer. On the
spouse. You must attach Form W-2AS,
child includes a child lawfully placed
dotted line next to line 5, enter “Tax on
W-2CM, W-2GU, W-2VI, or 499R-2/
with you for legal adoption.
Tips,” and the amount of tax due (from
W-2PR.
Information about your qualifying
Form 4137, line 12). Be sure to include
child. On Part I, line 2, enter the
Line 9
this tax in the total for line 5. Attach to
qualifying child’s name, social security
Form 1040-SS the completed Form
number, and relationship to you. If you
If, during 2005, you were a bona fide
4137 and Schedule U (Form 1040),
have more than six qualifying children,
resident of Puerto Rico and an eligible
U.S. Schedule of Unreported Tip
attach a statement to Form 1040-SS
trade adjustment assistance (TAA)
Income, which is found at the bottom of
with the required information.
recipient, alternative TAA recipient, or
Form 4137.
Pension Benefit Guaranty Corporation
Line 1
Uncollected employee social
(PBGC) pension recipient, see Form
security and Medicare tax on tips. If
For purposes of the additional child tax
8885, Health Coverage Tax Credit, to
you did not have enough wages to
credit, you must report all of your
figure the amount of your credit, if any.
cover the social security and Medicare
income derived from sources within
See Pub. 570 for the new bona fide
tax due on tips you reported to your
Puerto Rico that is excluded from U.S.
residency rules.
employer, the amount of tax due should
tax because you were a bona fide
be identified with codes A and B in box
resident of Puerto Rico. This includes
12 of your Form W-2AS, W-2GU, or
Part II—Bona Fide
items such as wages, interest,
W-2VI. Include this tax in the total for
dividends, taxable pensions and
Residents of Puerto Rico
line 5. Enter the amount of this tax and
annuities, and taxable social security
“Uncollected Tax” on the dotted line
benefits. Also include any profit or
Claiming Additional
next to line 5.
(loss) from Part III, line 36, and Part IV,
Child Tax Credit
line 27. For more information on these
Uncollected employee social
and other types of income to include on
security and Medicare tax on
If you were a bona fide resident of
line 1, see the Form 1040 instructions.
group-term life insurance. If you had
Puerto Rico and you qualify to claim the
See Pub. 570 for the rules to use in
group-term life insurance through a
additional child tax credit, complete Part
determining your Puerto Rican source
former employer, you may have to pay
I, line 2; Part II; and the worksheet on
income.
social security and Medicare tax on part
page 5 of these instructions to figure
of the cost of the life insurance. The
the amount of your credit.
Part III—Profit or Loss
amount of tax due should be identified
with codes M and N in box 12 of your
You must have three or more
From Farming
Form W-2AS, W-2GU, or W-2VI.
!
qualifying children to claim the
Include this tax in the total for line 5.
The accounting method you used to
additional child tax credit.
CAUTION
Enter the amount of this tax and
record your farm income determines
“Uncollected Tax” on the dotted line
whether you complete Part III, Section
Qualifying for the Credit
next to line 5.
A or C.
You may be able to claim the additional
Cash method. Include all of your
Line 6
child tax credit if all of the following
income in the year you actually get it.
apply.
Enter any estimated tax payments you
Generally, you deduct your expenses
•
You were a bona fide resident of
made for 2005 including any
when you pay them.
Puerto Rico (see Pub. 570).
overpayment from your 2004 return that
•
Accrual method. Include your income
you applied to your 2005 estimated tax.
Social security and Medicare taxes
in the year you earned it. It does not
were withheld from your wages or you
If you or your spouse paid separate
matter when you get it. You deduct
estimated tax but are now filing a joint
paid self-employment tax.
•
your expenses when you incur them.
return, add the amounts you each paid
You had three or more qualifying
and enter the total on line 6. If you and
children (defined below).
Part V—
your spouse paid joint estimated tax but
Qualifying child. A qualifying child for
are now filing separate returns, you can
Self-Employment Tax
purposes of the additional child tax
divide the amount paid in any way you
credit is a child who:
choose as long as you both agree. If
If you are filing a joint return and
1. Is your son, daughter, stepchild,
you cannot agree, you must divide the
!
both you and your spouse have
foster child, brother, sister, stepbrother,
payments in proportion to each
income subject to
CAUTION
stepsister, or a descendant of any of
spouse’s individual tax as shown on
self-employment tax, you must each
them (for example, your grandchild,
your separate returns for 2005. For an
complete a separate Part V.
niece, or nephew). A foster child is any
example of how to do this, see Pub.
child placed with you by an authorized
What Is Included in Net
505, Tax Withholding and Estimated
placement agency or by a judgment,
Tax.
Earnings From
decree, or other order of any court of
Self-Employment
Line 7
competent jurisdiction.
2. Was under 17 at the end of 2005.
Generally, net earnings include your net
If you, or your spouse if filing a joint
3. Did not provide over half of his or
profit from a farm or nonfarm business.
return, had more than one employer for
her own support for 2005.
2005 and total wages of more than
If you were a partner in a partnership,
$90,000, too much social security tax
4. Lived with you for more than half
see the following instructions.
of 2005. If the child did not live with you
may have been withheld. You can take
Partnership Income or Loss
for the required time, see Exception to
a credit on this line for the amount
withheld in excess of $5,580. But if any
“time lived with you” condition in the
When figuring your total net earnings
one employer withheld more than
instructions for Form 1040, line 6c.
from self-employment, include your
$5,580, you must ask that employer to
5. Was a U.S. citizen, national, or
share of partnership income or loss
refund the excess to you. You cannot
resident alien.
attributable to a trade or business and
-4-
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