Instructions For Form 1040ez - Income Tax Return For Single And Joint Filers With No Dependents - 2004 Page 13

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Form 1040EZ — Lines 2, 3, and 7
Missing or Incorrect Form W-2?
Line 3
If you do not get a Form W-2 from your employer by January 31,
Unemployment Compensation and Alaska
2005, use TeleTax topic 154 (see page 6) to find out what to do.
Permanent Fund Dividends
Even if you do not get a Form W-2, you must still report your
earnings on line 1. If you lose your Form W-2 or it is incorrect, ask
You should receive a Form 1099-G
Unemployment compensation.
your employer for a new one.
showing the total unemployment compensation paid to you in 2004.
If you received an overpayment of unemployment compensation
in 2004 and you repaid any of it in 2004, subtract the amount you
Line 2
repaid from the total amount you received. Include the result in the
total on line 3. Also, enter “Repaid” and the amount you repaid in
Taxable Interest
the space to the left of line 3. If you repaid unemployment compen-
Each payer should send you a Form 1099-INT or Form 1099-OID.
sation in 2004 that you included in gross income in an earlier year,
Report all of your taxable interest income on line 2 even if you did
you can deduct the amount repaid. But you must use Form 1040 to
not receive a Form 1099-INT or 1099-OID.
do so. See Pub. 525 for details.
Include taxable interest from banks, savings and loan associa-
Alaska Permanent Fund dividends.
Include the dividends in the
tions, money market certificates, credit unions, savings bonds, etc.
total on line 3. But you cannot use Form 1040EZ for a child who
If interest was credited in 2004 on deposits that you could not
was under age 14 at the end of 2004 if the child’s dividends are
withdraw because of the bankruptcy or insolvency of the financial
more than $1,600. Instead, you must file Form 8615 and Form
institution, you may be able to exclude part or all of that interest
1040A or 1040 for the child. You must also use Form 8615 and
from your 2004 income. But you must use Form 1040A or 1040 to
Form 1040A or 1040 for the child if the child’s dividends and
do so. See Pub. 550 for details.
taxable interest (line 2) total more than $1,600. A child born on
January 1, 1991, is considered to be age 14 at the end of 2004. Do
If you cashed series EE or I U.S. savings bonds in 2004 that were
not use Form 8615 for such a child.
issued after 1989 and you paid certain higher education expenses
during the year, you may be able to exclude from income part or all
of the interest on those bonds. But you must use Form 8815 and
Form 1040A or 1040 to do so.
Payments and Tax
You must use Form 1040A or 1040 if either of the following
applies.
Line 7
You received interest as a nominee (that is, in your name but
Federal Income Tax Withheld
the interest income actually belongs to someone else).
Enter the total amount of federal income tax withheld. This should
You received a 2004 Form 1099-INT for U.S. savings bond
be shown on your 2004 Form(s) W-2 in box 2.
interest that includes amounts you reported before 2004.
If you received a 2004 Form 1099-INT, 1099-G, or 1099-OID
Tax-Exempt Interest
showing federal income tax withheld, include the tax withheld in
the total on line 7. This tax should be shown in box 4 of these forms.
If you received tax-exempt interest, such as from municipal bonds,
enter “TEI” and the amount in the space to the left of
If federal income tax was withheld from your Alaska Permanent
line 2. Do not add tax-exempt interest in the total on line 2.
Fund dividends, include the tax withheld in the total on line 7.
- 13 -
Need more information or forms? See page 5.

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