Fillable Form 1040-Es - Estimated Tax For Individuals - Payment Voucher 2005 printable pdf download

1040-ES

OMB No. 1545-0087

Estimated Tax for Individuals

Form

2005

Department of the Treasury

This package is primarily for first-time filers of estimated tax.

Internal Revenue Service

If you have tax questions, call

Purpose of This Package

2. The tax shown on your 2004 tax

1-800-829-1040 for assistance. For

return (110% of that amount if you are not

Use this package to figure and pay your

TTY/TDD help, call 1-800-829-4059.

a farmer or fisherman and the adjusted

estimated tax. If you are not required to

gross income shown on that return is more

make estimated tax payments for 2005,

What’s New for 2005

than $150,000 or, if married filing

you can discard this package.

separately for 2005, more than $75,000).

Use your 2004 tax return as a guide in

Estimated tax is the method used to pay

However, if you did not file a 2004 tax

figuring your 2005 estimated tax, but be

tax on income that is not subject to

return or that return did not cover 12

sure to consider the following changes. For

withholding (for example, earnings from

months, item (2) above does not apply.

more information on these changes and

self-employment, interest, dividends, rents,

For this purpose, include household

other changes that may affect your 2005

alimony, etc.). In addition, if you do not

employment taxes (before subtracting

estimated tax, see Pub. 553.

elect voluntary withholding, you should

advance EIC payments made to your

Dependent—New rules. A dependent is

make estimated tax payments on

employee(s)) when figuring the tax shown

either a qualifying child or a qualifying

unemployment compensation and the

on your tax return if either of the following

relative.

taxable part of your social security

applies.

Qualifying child. In general, a qualifying

benefits. See the 2004 instructions for your

● You will have federal income tax

child must meet all of the following

tax return for details on income that is

withheld from wages, pensions, annuities,

conditions.

taxable.

gambling winnings, or other income.

● The child must be your child (including

The estimated tax worksheet on page 4

● You would be required to make

an adopted child, stepchild, or eligible

will help you figure the correct amount to

estimated tax payments to avoid a penalty

foster child), brother, sister, stepbrother,

pay. The estimated tax payment vouchers in

even if you did not include household

stepsister, or a descendant of any of them.

this package are for crediting your estimated

employment taxes when figuring your

tax payments to your account correctly if you

● The child must have lived with you for

estimated tax.

are paying by check or money order. Use the

more than half of 2005. But an exception

Exception. You do not have to pay

Record of Estimated Tax Payments on page

applies, in certain cases, for children of

estimated tax if you were a U.S. citizen or

6 to keep track of the payments you have

divorced or separated parents.

resident alien for all of 2004 and you had

made and the number and amount of your

● At the end of 2005, the child must be

no tax liability for the full 12-month 2004

remaining payments.

tax year.

under age 19, or under age 24 and a

Do not use any of the vouchers in this

student, or any age and permanently and

The estimated tax rules apply to:

package to notify the IRS of a change of

totally disabled.

● U.S. citizens and residents,

address. If you have a new address, file

● The child must not have provided over

● Residents of Puerto Rico, the Virgin

Form 8822, Change of Address. The IRS

half of his or her own support in 2005.

will update your record and next year you

Islands, Guam, the Commonwealth of the

Qualifying relative. In general, a

will receive new estimated tax payment

Northern Mariana Islands, and American

qualifying relative must meet all of the

vouchers with your name, address, and

Samoa, and

following conditions.

● Nonresident aliens (use Form 1040-ES

social security number preprinted along

● The person must be either your relative or

with a copy of the instructions, and

(NR)).

return envelopes.

any other person (other than your spouse)

If you also receive salaries and wages,

who lived in your home all year as a

you may be able to avoid having to make

If you do not want to receive the

member of your household. If the person is

estimated tax payments on your other

vouchers and envelopes, simply

TIP

not your relative, your relationship must not

income by asking your employer to take

begin making your estimated tax

violate local law.

more tax out of your earnings. To do this,

payments electronically.

● The person cannot be the qualifying child

file a new Form W-4, Employee’s

Consider paying your estimated taxes

of another person in 2005 (see above).

Withholding Allowance Certificate, with

electronically. Paying electronically helps

● The person must have gross income of

your employer.

to ensure timely receipt of your estimated

You can also choose to have federal

less than $3,200. If the person is

tax payment. You can pay electronically

income tax withheld from certain

permanently and totally disabled, certain

using the following convenient, safe, and

government payments. For details, see

income from a sheltered workshop may be

secure electronic payment options.

Form W-4V, Voluntary Withholding Request.

excluded for this purpose.

● Electronic Federal Tax Payment System

● You must have provided over half of the

You cannot make joint

(EFTPS).

person’s support in 2005. But exceptions

estimated tax payments if you

● Credit card.

apply, in certain cases, for children of

or your spouse is a nonresident

divorced or separated parents and for a

alien, you are separated under

● Electronic funds withdrawal.

CAUTION

person supported by two or more

a decree of divorce or separate

When you pay taxes electronically, there

taxpayers.

maintenance, or you and your spouse have

is no check to write and no voucher to

different tax years.

The following rules also apply in

mail. Payments can be made 24 hours a

determining if a person is your dependent.

Additional Information You

day, 7 days a week. You will receive a

1. If you are a dependent of another

confirmation number or electronic

May Need

person in 2005, you cannot claim any

acknowledgement of the payment. See

dependents on your return.

page 3 for details.

Most of the information you will need can

2. If the dependent is married, he or she

be found in Pub. 505, Tax Withholding and

cannot file a joint return unless the return is

Who Must Make Estimated

Estimated Tax.

filed only as a claim for refund and no tax

Tax Payments

Other available information:

liability would exist for either spouse if they

● Pub. 553, Highlights of 2004 Tax

had filed separate returns.

In most cases, you must make estimated

Changes.

tax payments if you expect to owe at least

3. A dependent generally must be a U.S.

● Instructions for the 2004 Form 1040 or

$1,000 in tax for 2005 (after subtracting

citizen, U.S. national, or a resident of the

1040A.

your withholding and credits) and you

United States, Canada, or Mexico.

● What’s Hot at

expect your withholding and credits to be

4. New tie-breaker rules apply if a child

less than the smaller of:

meets the conditions to be a qualifying child

For details on how to get forms and

of two or more people and more than one

1. 90% of the tax shown on your 2005

publications, see page 7 of the instructions

person claims the child as a qualifying child.

tax return, or

for Form 1040 or 1040A.

Cat. No. 11340T

Form 1040-Es - Estimated Tax For Individuals - Payment Voucher 2005

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