2001 Instructions For Form 1045 (Page 5 of 6) in pdf

Estates and trusts. Recompute the

5 of Schedule B, except do not take into

You are not required to provide the

miscellaneous itemized deductions shown (or

account any NOL carrybacks when figuring

information requested on a form that is subject

as previously adjusted) on Form 1041, line

adjusted gross income. Attach a computation

to the Paperwork Reduction Act unless the

15b, and any casualty or theft losses shown (or

showing how you figured the adjustments.

form displays a valid OMB control number.

as previously adjusted) on Form 4684,

2. Add lines 3, 4, 10, and 19 of Schedule B

Books or records relating to a form or its

Casualties and Thefts, line 18, by substituting

to the total adjustments you figured in 1 above.

instructions must be retained as long as their

modified adjusted gross income (see below) for

Use the result as your adjusted gross income

contents may become material in the

the adjusted gross income of the estate or

to refigure charitable contributions.

administration of any Internal Revenue law.

trust. Subtract the recomputed deductions and

Generally, tax returns and return

For NOL carryover purposes, you must

losses from the deductions and losses

information are confidential, as stated in

reduce any charitable contributions carryover

previously shown, and enter the difference on

section 6103. However, section 6103 allows or

to the extent that the NOL carryover on line 9 is

line 6.

requires the Internal Revenue Service to

increased by any adjustment to charitable

Modified adjusted gross income for

disclose or give the information shown on your

contributions.

estates and trusts. For purposes of figuring

tax return to others as described in the Internal

Line 34

miscellaneous itemized deductions subject to

Revenue Code. For example, we may disclose

the 2% limit, figure modified adjusted gross

your tax information to the Department of

Complete the worksheet on page 6 if line 18,

income by adding the following amounts to the

Justice, to enforce the tax laws, both civil and

Schedule B, is more than:

•

adjusted gross income previously used to

criminal, and to cities, states, the District of

$100,000 for 1991 ($50,000 if married filing

figure these deductions.

Columbia, U.S. commonwealths or

separately),

•

possessions, and certain foreign governments

1. The total of the amounts from lines 3

$105,250 for 1992 ($52,625 if married filing

to carry out their tax laws. We may disclose

through 5 of Form 1045, Schedule B,

separately),

•

your tax information to the Department of

2. The exemption amount shown (or as

$108,450 for 1993 ($54,225 if married filing

Treasury and contractors for tax administration

previously adjusted) on Form 1041, line 20

separately),

•

purposes; and to other persons as necessary

(line 21 for 1997), and

$111,800 for 1994 ($55,900 if married filing

to obtain information which we cannot get in

3. The income distribution deduction

separately),

•

any other way in order to determine the

shown (or as previously adjusted) on Form

$114,700 for 1995 ($57,350 if married filing

amount of or to collect the tax you owe. We

1041, line 18.

separately),

•

may disclose your tax information to the

$117,950 for 1996 ($58,975 if married filing

For purposes of figuring casualty or theft

Comptroller General of the United States to

separately),

losses, figure modified adjusted gross income

•

permit the Comptroller General to review the

$121,200 for 1997 ($60,600 if married filing

by adding the total of the amounts from lines 3

Internal Revenue Service. We may also

separately),

through 5 of Form 1045, Schedule B, to the

•

disclose your tax information to Committees of

$124,500 for 1998 ($62,250 if married filing

adjusted gross income previously used to

Congress; Federal, state, and local child

separately),

figure these losses.

•

support agencies; and to other Federal

$126,600 for 1999 ($63,300 if married filing

agencies for the purposes of determining

separately), or

Line 9—NOL Carryover

•

entitlement for benefits or the eligibility for and

$128,950 for 2000 ($64,475 if married filing

After completing all applicable columns, carry

the repayment of loans.

separately).

forward to 2002 the amount, if any, on line 9 of

Only complete a column for each year that

The time needed to complete and file this

the column for the 1st preceding tax year.

meets the above requirements.

form will vary depending on individual

Line 22—Refigured Charitable

circumstances. The estimated average time is:

Recordkeeping, 4 hr., 9 min.; Learning about

Contributions

Disclosure, Privacy Act, and Paperwork

the law or the form, 46 min.; Preparing the

Reduction Act Notice. We ask for the

Refigure your charitable contributions using

form, 6 hr., 45 min.; and Copying,

information on this form to carry out the

line 20 as your adjusted gross income unless,

assembling, and sending the form to the

Internal Revenue laws of the United States.

for any preceding tax year:

IRS, 1 hr., 3 min.

•

You may use Form 1045 to apply under

You entered an amount other than zero on

If you have comments concerning the

section 6411 for a quick refund of tax for a prior

line 19 and

•

accuracy of these time estimates or

year affected by certain carrybacks. If you file

You had any items of income or deductions

suggestions for making this form simpler, we

Form 1045, you are required to give us the

based on adjusted gross income and listed on

would be happy to hear from you. You can

requested information. We need it to ensure

page 4 in the instructions for line 5 of

write to the Tax Forms Committee, Western

that you are complying with these laws and to

Schedule B.

Area Distribution Center, Rancho Cordova, CA

allow us to figure and collect the right amount

If you may not use the amount from line 20

95743-0001.

of tax. Section 6109 requires that you disclose

as your adjusted gross income, figure your

your taxpayer identification number (SSN, ITIN,

Do not send the form to this address.

adjusted gross income as follows.

or EIN). If you do not provide the information

Instead, see Where To File on page 1.

1. Figure the adjustment to each item of

requested, we may be unable to process this

income or deduction in the same manner as

application.

explained on page 4 in the instructions for line

-5-

2001 Instructions For Form 1045 Page 5

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