Form 1040-Es (Nr) - U.s. Estimated Tax For Nonresident Alien Individuals

1040-ES (NR)

OMB No. 1545-0074

Form

U.S. Estimated Tax for

Nonresident Alien Individuals

2007

Department of the Treasury

Internal Revenue Service

Purpose of This Package

Special rules. There are special rules for

Health Savings Account (HSA).

farmers, fishermen, certain household

Beginning in 2007:

If you are a nonresident alien, use this

employers, and certain higher income

You can fund your HSA by making a

package to figure and pay your

taxpayers.

one-time direct transfer from your IRA to

estimated tax. Estimated tax is the

Farmers and fishermen. If at least

your HSA.

method used to pay tax on income that

two-thirds of your gross income for 2006

is not subject to withholding. See the

The maximum deductible contribution

or 2007 is from farming or fishing,

2006 instructions for Form 1040NR, U.S.

is no longer limited to the annual

substitute 66

⁄

% for 90% in (1) under

Nonresident Alien Income Tax Return, or

deductible under the high deductible

General rule, earlier.

Form 1040NR-EZ, U.S. Income Tax

health plan.

Return for Certain Nonresident Aliens

Household employers. When

You are allowed an HSA contribution of

With No Dependents, for details on

estimating the tax on your 2007 tax

$2,850 for single coverage ($5,650 for

income that is taxable. The estimated

return, include your household

family coverage).

tax worksheet on page 3 will help you

employment taxes (the amount before

figure the correct amount to pay.

For more information about changes to

subtracting advance EIC payments

HSAs, see Pub. 553.

made to your employee(s)) if either of

Estimated tax for an estate or trust. If

the following applies.

you are using this package to figure and

Certain credits no longer allowed

pay estimated tax for a nonresident alien

against alternative minimum tax (AMT).

You will have federal income tax

estate or trust, use the 2006 Form 1040NR

The credit for child and dependent care

withheld from wages, pensions,

as a guide in figuring the estate’s or trust’s

expenses, residential energy credits,

annuities, or other income effectively

2007 estimated tax. You may also find it

mortgage interest credit, and the District

connected with a U.S. trade or business.

helpful to refer to the 2007 Form 1041-ES.

of Columbia first-time homebuyer credit

You would be required to make

are no longer allowed against AMT and a

Paying by check or money order. The

estimated tax payments to avoid a

new tax liability limit applies. For most

payment vouchers in this package are for

penalty even if you did not include

people, this limit is your regular tax minus

crediting your estimated tax payments to

household employment taxes when

any tentative minimum tax.

your account correctly. See Pay by Check

figuring your estimated tax.

or Money Order Using the Estimated Tax

AMT exemption amount decreased. The

Higher income taxpayers. If your

Payment Voucher that begins on page 4.

AMT exemption amount will decrease to

adjusted gross income for 2006 was

$33,750 ($45,000 if qualifying widow(er);

Change of address. File these payment

more than $150,000 ($75,000 if your

$22,500 if married filing separately).

vouchers using your current address. If

filing status for 2007 is married filing

this is a new mailing address, file Form

separately), substitute 110% for 100% in

Extended Tax Benefits

8822, Change of Address, with the

(2) under General rule, earlier. This rule

The following tax benefits have been

Internal Revenue Service Center serving

does not apply to farmers or fishermen.

extended for 2007.

your old address to update your record.

What’s New for 2007

Educator expense deduction.

Preprinted vouchers. Because you are

Use your 2006 tax return as a guide in

making estimated tax payments for 2007,

DC first-time home buyer credit.

figuring your 2007 estimated tax, but be

estimated tax payment vouchers for 2008

For more information about these and

sure to consider the following changes.

will be sent to you preprinted with your

other 2007 tax changes, see Pub. 553.

For more information on these changes

name, address, and social security

and other changes that may affect your

number, along with return envelopes and

Expired Tax Benefits

2007 estimated tax, see Pub. 553,

a copy of the instructions.

Certain relief granted for Hurricanes

Highlights of 2006 Tax Changes.

If you do not want to receive

Katrina, Wilma, and Rita was scheduled

IRA deduction expanded. You may be

the vouchers and envelopes,

to expire at the end of 2006.

TIP

able to take an IRA deduction if you were

simply begin making your

Tax-favored treatment of qualified

covered by a retirement plan and your

estimated tax payments

hurricane distributions from eligible

2007 modified adjusted gross income

electronically.

retirement plans.

(AGI) is less than $62,000 ($103,000 if

Who Must Make Estimated Tax

qualifying widow(er)).

Increased limits and delayed

Payments

repayment on loans from qualified

Deduction for domestic production

employer plans.

General rule. In most cases, you must

activities. For 2007, the deduction rate

make estimated tax payments if you

will increase to 6%.

Discharge of nonbusiness

expect to owe at least $1,000 in tax for

indebtedness by reason of Hurricane

Standard mileage rates. The 2007 rate

2007 (after subtracting your withholding

Katrina.

per mile for use of your vehicle is:

and credits) and you expect your

Additional exemption for housing

48.5 cents for business use,

withholding and credits to be less than

individuals displaced by Hurricane

the smaller of:

14 cents for charitable use, and

Katrina.

1. 90% of the tax shown on your 2007

20 cents for moving.

How To Figure Your Estimated Tax

tax return, or

Credit for prior year minimum tax. A

You will need:

2. 100% of the tax shown on your

partial credit for AMT paid on a return 4

2006 tax return (but see Higher income

or more years ago is available for 2007.

The 2007 Estimated Tax Worksheet

taxpayers on this page).

To see if you qualify and to compute the

on page 3.

amount of your credit, see Pub. 553.

However, if you did not file a 2006 tax

The Instructions for the 2007

return or if your 2006 return did not

Estimated Tax Worksheet on page 2.

cover 12 months, item (2) above does

not apply.

Cat. No. 50007F

Form 1040-Es (Nr) - U.s. Estimated Tax For Nonresident Alien Individuals - 2007

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