Form 1 - Schedule Instructions - 2006 printable pdf download

Schedule Instructions

A limited number of taxpayers may also qualify for

simile or printed name of the preparer. Preparers

Mailing

a waiver of the underpayment penalty for one or

are personally responsible for affixing their signa-

If you are expecting a refund or if you have no tax

more installments if:

tures to returns. Preparers must also provide their

due, use the white mailing label on the back of the

◗ the underpayment was because of casualty or

Social Security Number (SSN) or Preparer Tax

envelope that came with this booklet. If you do not

disaster; or

Identification Number (PTIN) and Employer Identi-

have one, mail Form 1 to: Massachusetts Depart-

◗ during 2005 or 2006 you retired after reaching

fication Number (EIN) in the spaces provided. The

ment of Revenue, PO Box 7000, Boston, MA

age 62 or became disabled and the underpayment

preparer must give you a copy of the return for your

02204-7000. If using a tax software product, be

was due to reasonable cause and not willful neglect.

records. Someone who prepares your return but

sure to use the correct PO box. See page 3.

does not charge you should not sign your return.

If you think you qualify for one of these waivers,

If you have a tax due, use the light blue mailing

go to and use DOR’s online

label on the back of the envelope that came with

Paid Preparer Authorization

application for abatement/amended return at

this booklet. If you do not have one, mail Form 1

If you want to allow the Massachusetts Depart-

or enclose Form M-2210 and

to: Massachusetts Department of Revenue, PO

ment of Revenue (DOR) to discuss your 2006 tax

an explanatory statement with your return and fill

Box 7003, Boston, MA 02204-7003. If using a tax

return with the paid preparer who signed it, fill in

in the oval marked “EX” under line 45. If your

software product, be sure to use the correct PO

the “Yes” oval in the signature area of the return.

waiver is not for all four installments, complete

box. See page 3.

This authorization applies only to the individual

Form M-2210 to calculate the underpayment

whose signature appears in the “Paid Preparer”

Note: Schedule lines without specific instructions

penalty for the installments which are not covered

section of your return. It does not apply to the

are considered to be self-explanatory. Be sure to

by the waiver. Form M-2210 is available by visit-

firm, if any, shown in that section.

list on each schedule the name and Social Security

ing .

number that appears first on Form 1. Do not cut

If you fill in the “Yes” oval, you, and your spouse if

Penalty for Failure to Report Federal Change: If

or separate schedules.

filing a joint return, are authorizing DOR to call the

the U.S. Internal Revenue Service changes your

paid preparer to answer any questions that may

income for a prior year (generally through audit),

Schedule X

arise during the processing of your return. You are

file an online application for abatement/amended

also authorizing the paid preparer to:

return at within one year of the

◗ give DOR any information that is missing from

Other Income

final federal determination to avoid this penalty.

your return;

Be sure to enclose with Form 1.

This penalty is equal to 10% of the additional tax

◗ call DOR for information about the processing

due or $100, whichever is smaller. If the change in-

of your return or the status of your refund or pay-

Line 1. Alimony Received

dicates a refund, file an online application for abate-

ment(s); and

Enter in Schedule X, line 1 the total amount of all

ment/amended return within one year, including

◗ respond to certain DOR notices that you have

periodic payments of alimony or separate mainte-

acceptance of an amended federal return by the

shared with the preparer about math errors, offsets

nance received under a court judgment or decree,

Internal Revenue Service.

and return preparation. The notices will not be sent

or for excess alimony amounts recaptured, as re-

to the preparer.

ported on U.S. Form 1040, line 11. Payments

Sign Here

You are not authorizing the paid preparer to receive

specified as child support are not taxable.

any refund check, bind you to anything (including

Now that you have completed Form 1, sign your

Line 2. Taxable IRA/Keogh,

any additional tax liability), or otherwise represent

name. Your spouse must also sign if this is a joint

Qualified Charitable IRA

you before DOR. If you want to expand the paid

return. Write the date you signed the return. Re-

preparer’s authorization, see Form M-2848, Power

Distributions and Roth

member to sign your name(s) at the bottom of

of Attorney and Declaration of Representative. Form

IRA Conversion Distributions

page 1 of Form 1.

M-2848 is available by visiting .

Complete the Schedule X, line 2 worksheet to cal-

Attach to your Form 1, with a single staple, all state

The authorization cannot be revoked. However, the

culate the taxable portion of any amount you re-

copies of your Forms W-2, W-2G, PWH-WA, 2G

authorization will automatically end no later than

ceived as an Individual Retirement Account (IRA),

and any Forms 1099 which included Massachu-

the due date (without regard to extensions) for

Keogh, qualified charitable IRA distribution or Roth

setts withholding. If making a payment, be sure to

filing your 2007 tax return. This is April 15, 2008

IRA conversion distribution. Since Massachusetts

enclose Form PV with your Form 1. Form PV is at-

for most people.

does not allow a deduction for amounts originally

tached to the back of the envelope found in this

contributed to an IRA or Keogh, the distributions

booklet. Form PV must be included with your check

E-File Opt Out

are not taxable until the full amount of your con-

to ensure proper crediting of your account. Make

For tax years beginning on or after January 1,

tributions which were previously subject to Mass-

your check or money order payable to Common-

2005, income tax return preparers who completed

achusetts taxes are recovered.

wealth of Massachusetts and be sure to sign the

100 or more original Massachusetts Forms 1 and

check and write your Social Security number on it.

Contributions made to Keogh accounts prior to

1-NR/PY, including those E-filed, during the previ-

Also, be sure to use the light blue mailing label

1975 were deductible when made. Therefore, no

ous calendar year are required to use electronic

when mailing your Form 1 with the Form PV.

deduction may be taken from a Keogh distribu-

means to file all personal income tax returns, un-

tion for amounts contributed before 1975.

less the taxpayer specifically directs on the paper

Paid Preparer Must Sign Your Return

form that the filing be on paper and signs Form

Massachusetts generally adopts the federal con-

Generally, anyone you pay to prepare your return

EFO, Personal Income Tax Declaration of Paper Fil-

version rules for partial or complete rollovers from

must sign it in the space provided. Tax return pre-

ing. Fill in oval if you do not want your preparer to

existing IRAs to Roth IRAs. Generally, the rollover

parers are authorized to sign the return by means

file your return electronically. See TIR 04-30 for

amount is treated as a distribution and included in

of a rubber stamp, mechanical device, or computer

more information.

federal gross income to the extent it is attributable

software program, which must include either a fac-

to investment growth or previously deducted con-

Form 1 - Schedule Instructions - 2006

Related Articles

Related forms

Related Categories