Income Tax Spreadsheet For the Year 2015
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Federal Forms |
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Form 1040 |
Form 8615 (1996 version) |
Form IT201 |
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Schedule A |
Form 8817 |
Itemized Deductions |
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Schedule B |
Form 8836 |
IT2105.9 |
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Schedule C (1991 version) |
Form 8880 |
IT272 |
|
Form 8949 A/B/C |
Form 2210 |
IT112 |
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Schedule D |
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Schedule E (Rental Income Only) |
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Schedule L |
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It is not a question and answer type program. You have to know how to do your taxes. The forms are not suitable for printing.
All you do is enter in the data where needed. All the computations and references within and across forms are done automatically as are all tax lookups (except for Form 2210).
Changes are immediately updated which is a significant advantage over most other tax programs.
It also includes the tax
worksheets
for computing the Standard Deduction for dependents, Exemptions, Social
Security, the NY state itemized deductions and others.
If you have education expenses the
sheets for that allow you to switch between the various options and see
the
resulting tax. This makes selecting the right options a lot easier to
understand.
If you owe taxes and might have to
pay a penalty, the Forms 2210 and IT2105.9 will help reduce or
eliminate the
penalty. They are useful if your income varies during the year. You can
enter
your income components in the calendar quarters you acquired it and get
taxed
only after you quire income. For example if you have an IRA that pays
the
Minimum Required Distribution in December, the IRS will assume it was
paid
equally in each quarter and charge you interest starting in the first
quarter.
Of course, I assume no responsibility for the correctness of these spreadsheets. Use at your own risk.
I intentionally did not make these
a
printable version. You have to copy the numbers over to the forms. I
usually go
to one of the online tax companies that will free efile for some
people. I
usually don't qualify for the free efile but I let them do all the
computations
including NY state and compare their results to my values.
If you are doing the taxes for one or more children that have to file Form(s) 8615, these sheets are designed to allow all the linking of multiple Forms 8615.
Email me for instructions or if
you
have comments at the address below after removing the "NoSpam_".
If you let me know that you are using this spreadsheet I will notify you if I make any updates and corrections.
Right-click here
and "Save Target As" to download the 2/28/2016 version of the spreadsheet (656k)