Publication 929 - Tax Rules For Children And Dependents - 2006 Page 19
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278615
OMB No. 1545-0074
Tax for Children Under Age 18
2006
Form
With Investment Income of More Than $1,700
Attach only to the child’s Form 1040, Form 1040A, or Form 1040NR.
Attachment
Department of the Treasury
See separate instructions.
33
(99)
Sequence No.
Internal Revenue Service
Child’s name shown on return
Child’s social security number
Sara L. Brown
1 1 1
0 0
1 1 1 1
Before you begin:
If the child, the parent, or any of the parent’s other children under age 18 must use the Schedule D Tax
Worksheet or has income from farming or fishing, see Pub. 929, Tax Rules for Children and Dependents. It
explains how to figure the child’s tax using the Schedule D Tax Worksheet or Schedule J (Form 1040).
A
B
Parent’s name (first, initial, and last). Caution: See instructions before completing.
Parent’s social security number
John J. Brown
0 0 0
0 0
0 0 0 1
C
Parent’s filing status (check one):
Single
Married filing jointly
Married filing separately
Head of household
Qualifying widow(er)
Part I
Child’s Net Investment Income
2,800
1
1
Enter the child’s investment income (see instructions)
2
If the child did not itemize deductions on Schedule A (Form 1040 or Form 1040NR), enter
1,700
2
$1,700. Otherwise, see instructions
3
Subtract line 2 from line 1. If zero or less, stop; do not complete the rest of this form but do
1,100
3
attach it to the child’s return
4
Enter the child’s taxable income from Form 1040, line 43; Form 1040A, line 27; or Form 1040NR,
2,500
4
line 40. If the child files Form 2555 or 2555-EZ, see the instructions
5
Enter the smaller of line 3 or line 4. If zero, stop; do not complete the rest of this form but do
1,100
attach it to the child’s return
5
Part II
Tentative Tax Based on the Tax Rate of the Parent
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Enter the parent’s taxable income from Form 1040, line 43; Form 1040A, line 27; Form 1040EZ,
line 6; Form 1040NR, line 40; or Form 1040NR-EZ, line 14. If zero or less, enter -0-. If the parent
6
48,000
files Form 2555 or 2555-EZ, see the instructions
7
Enter the total, if any, from Forms 8615, line 5, of all other children of the parent named
7
above. Do not include the amount from line 5 above
49,100
8
8
Add lines 5, 6, and 7 (see instructions)
9
Enter the tax on the amount on line 8 based on the parent’s filing status above (see instructions).
If the Qualified Dividends and Capital Gain Tax Worksheet, Schedule D Tax Worksheet, or
6,543
9
Schedule J (Form 1040) is used to figure the tax, check here
10
Enter the parent’s tax from Form 1040, line 44; Form 1040A, line 28, minus any alternative
minimum tax; Form 1040EZ, line 11; Form 1040NR, line 41; or Form 1040NR-EZ, line 15. Do not
include any tax from Form 4972 or 8814. If the parent files Form 2555 or 2555-EZ, see the
instructions. If the Qualified Dividends and Capital Gain Tax Worksheet, Schedule D Tax
10
6,449
Worksheet, or Schedule J (Form 1040) was used to figure the tax, check here
11
Subtract line 10 from line 9 and enter the result. If line 7 is blank, also enter this amount on line
94
11
13 and go to Part III
12a
12a
Add lines 5 and 7
.
12b
b
Divide line 5 by line 12a. Enter the result as a decimal (rounded to at least three places)
94
13
Multiply line 11 by line 12b
13
Child’s Tax—If lines 4 and 5 above are the same, enter -0- on line 15 and go to line 16.
Part III
1,400
14
14
Subtract line 5 from line 4
15
Enter the tax on the amount on line 14 based on the child’s filing status (see instructions). If
the Qualified Dividends and Capital Gain Tax Worksheet, Schedule D Tax Worksheet, or
15
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Schedule J (Form 1040) is used to figure the tax, check here
181
16
16
Add lines 13 and 15
17
Enter the tax on the amount on line 4 based on the child’s filing status (see instructions). If
the Qualified Dividends and Capital Gain Tax Worksheet, Schedule D Tax Worksheet, or
164
17
Schedule J (Form 1040) is used to figure the tax, check here
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Enter the larger of line 16 or line 17 here and on the child’s Form 1040, line 44; Form 1040A,
line 28; or Form 1040NR, line 41. If the child files Form 2555 or 2555-EZ, see the instructions
181
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8615
For Paperwork Reduction Act Notice, see the instructions.
Cat. No. 64113U
Form
(2006)
Publication 929 (2006)
Page 19
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