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How to fill Steps to Fill out Digital 8959 Form: What You Should Know
All areas are completed in full if the form is completed online. Some areas, such as Form 8959, do not require a physical or electronic submission. Step 1. Complete a new tax return, Form 1040X. If W-2 income for 2023 was 1,500 or less, it can be estimated that you will not be subject to an additional Medicare tax on self-employment income. If your annual wages and self-employment earnings exceed 2023 income thresholds, enter the following on line 13 of your Form 1040X return: the Additional Medicare Tax that applies with a check or other amount (the IRS tells us to include the 0 threshold on line 2 as part of the Form 8959 calculation); the Social Security tax (which you're already paying); and the Medicare Parts A and B (Forms 1095 and 1096) in box E on line 1 of your 1040. Also complete line 5 of Form 1095 (Form 1096 is not required on this line). The extra line 5 also counts toward the additional Medicare tax threshold on your return. As you can see, your Form 1040 must contain the checkbox indicating you plan to file an additional Medicare Tax on your self-employment income under instructions on line 8. You must also declare itemized deductions on line 14, including the “income with respect to which you paid special rules on Form 8959”. If your Form 1040X does not include line 1, fill the extra line. Step 2. Complete additional lines of Form 1040X. Line 7. Enter the self-employment tax amount on line 13. The total is estimated and should add up to 49 (0.019 × 3). Line 8a. Enter the additional Medicare tax amount that you are subject to on line 13. The total is estimated and should add up to 51 (0.0019 × 3). If additional line 8a includes your Social Security taxes, or if the amount of income with respect to which you paid special rules on Form 8959 for 2023 is 1,500 or less, include your Social Security taxes on line 8a. If your Form 1040X does not include line 8a, check the boxes in line 8 of Form 1040. Enter the Social Security or Medicare taxes paid. Add line 22, for self-employment tax on income from sources other than self.
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Hi I'm Lin man presenting to you Microsoft Word 2023 creating fillable forms forms are incredibly useful when we need to collect information from someone like a job applicant a club member and employee or other user using Microsoft Word we can create forms for our users complete neither a printed hard copy version or an electronic version although I'm using Word 2023 today these methods will also work seamlessly for Microsoft Word 2023 and 2023 from planning and design to creating and protecting I'll show you how to build simple professional-looking forms when planning and designing a form there are a few initial questions to ask ourselves whether information should be collected from the user usually the purpose of the forum will dictate what information needs to be gathered for example if this is a job application then we should have areas for personal contact information job history education references maybe special skill set if this form is for a club membership then we should include areas for again personal contact information but this time maybe something like chapter location committees they'd like to serve on sharing information on a form isn't always a one-way street a forum can also give information to the applicant such as membership dues and requirements terms and conditions our company's mission statement so on and so forth when designing the form it might sound simple and obvious but we need to try to keep like information together if we're requesting their name address and phone number that should be all in one location on the form and maybe if we have particular heading like personal information that might make it clear as to what we're asking for we should keep in mind how is the form going to be distributed if it is...