Publication 505

Publication 505

A form published by the IRS explaining rules regarding withholding and estimated tax payments.
References in periodicals archive ?
The Backup Withholding page, Publication 505, Tax Withholding and Estimated Tax, and Publication 1335, Backup Withholding Questions and Answers, have more information.
People with more complex tax situations should use Publication 505. This publication is more effective for employees who owe self-employment tax, the alternative minimum tax or tax on unearned income from dependents.
For more information about the penalty, including details on exceptions and special rules that may apply, see Publication 505, Tax Withholding and Estimated Tax, available on IRS.gov.
According to IRS Publication 505, Tax Withholding and Estimated Tax, couples who have filed joint returns in the past and will be fifing separate returns in the current year due to a divorce can divide estimated tax payments in any way they can agree upon.
Find more information about estimated taxes in IRS Publication 505, Tax Withholding and Estimated Tax.
(The complete tax rate schedule is available in Publication 505, Tax Withholding and Estimated Tax, page 36 (2013), at tinyurl.com/ldfpzx.)
Based on conversations with IRS personnel, and the limited discussion of the issue in IRS Publication 505, Tax Withholding and Estimated Tax, current-year passthrough items from eligible entities should be eliminated in computing modified AGI, and only items shown on the preceding year's tax return from these same entities that were eligible entities in the preceding year should be added in computing modified AGI.