Tax Preparation Help  
Publication 517 2008 Tax Year

Form 1040 (2007) Page 2. Summary: This is an example of Form 1040 (2007), page 2, with items included as described in the text. Additionally, these line items are completed:

Under “Tax and Credits”:
38. Amount from line 37 (adjusted gross income)” field contains 35,296
40. Itemized deductions (from Schedule A) or your standard deduction (see left margin)” field contains 12,586
41. Subtract line 40 from line 38” field contains 22,710
42. If line 38 is $117,300 or less multiply $3,400 by the total number of exemptions claimed on line 6d.” field contains 10,200
43. Taxable income. Subtract line 42 from line 41. If line 42 is more than line 41, enter 0” field contains 12,510
44. Tax (see page 33).” field contains 1,253
46. Add lines 44 and 45” field contains 1,253
52. Child tax credit (see page 39).” field contains 1,000
56. Add lines 47 through 55. These are your total credits” field contains 1,000
57. Subtract line 56 from line 46. If line 56 is more than line 46, enter 0” field contains 253
Under “Other Taxes”:
58. Self-employment tax. Attach Schedule SE” field contains 6,223
63. Add lines 57 through 62. This is your total tax” field contains 6,476
Under “Payments”:
64. Federal income tax withheld from Forms W-2 and 1099” field contains 272
65. 2007 estimated tax payments and amount applied from 2006 return” field contains 8,400
72. Add lines 64, 65, 66a, and 67 through 71. These are your total payments” field contains 8,672
Under “Refund”:
73. If line 72 is more than line 63, subtract line 63 from line 72. This is the amount you overpaid” field contains 2,196
75. Amount of line 73 you want applied to your 2008 estimated tax” field contains 2,196
Under “Third Party Designee”:
Do you want to allow another person to discuss this return with the IRS?” No checkbox is checked.
Under “Sign Here”:
Your signature” field contains John E. Michaels
Date” field contains 3/1/2008
Your occupation” field contains Minister
Spouse's signature. If a joint return, both must sign.” field contains Susan R. Michaels
Date” field contains 3/1/2008
Spouse's occupation” field contains Homemaker

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