Publication 505 (2/2006), Tax Withholding and Estimated Tax

Excess withholding on social security and railroad retirement taxes, Two or more employers., Employer's error.
Repaying withheld tax, Repaying withheld tax.
Tips, Tips

Errors:

Excess withholding of social security or railroad retirement taxes by employer, Employer's error.

Estate beneficiaries:

Underpayment penalty, Trust payments of estimated tax.

Estate tax:

Income in respect of a decedent, Itemized deductions (worksheet line 1).

Estates:

Estimated tax, Estates and Trusts

Estimated tax worksheets:

2006 annualized estimated tax worksheet,
2006 estimated tax worksheet, Second, Third, and Fourth Periods
Amended estimated tax, Regular Installment Method
Capital gains, ,
Exemption amount reduction, Worksheet 2-3. 2006 Estimated Tax Worksheet—Line 2 Phaseout of Itemized Deductions,
Hurricane Katrina exemption, Worksheet 2-3. 2006 Estimated Tax Worksheet—Line 2 Phaseout of Itemized Deductions
Itemized deductions phaseout, Worksheet 2-3. 2006 Estimated Tax Worksheet—Line 2 Phaseout of Itemized Deductions, Worksheet 2-9. 2006 Annualized Estimated Tax Worksheet—Line 6 Phaseout of Itemized Deductions
Qualified dividends, Qualified dividends.,
Railroad retirement benefits,
Self-employment tax,
Self-employment tax, illustrated, Worksheet 2-2. Expected Self-Employment Tax—Illustrated
Social security benefits,

Estimated tax:

Adjustments to income, Adjustments to income.

Aliens, Aliens, Nonresident aliens.

Amended tax, Regular Installment Method

Annualized adjusted gross income, Annualized adjusted gross income.

Annualized income installment method, Annualized Income Installment Method, Example 2—Annualized Income Installment Method

Annualized income installment method:

Blank worksheet,

Annualized taxable income, Annualized taxable income.

Annualized taxes and credits, Annualized taxes and credits.

Change in amount, Change in estimated tax.

Change of address, Change of address.

Change of name, Name changed.

Credit against income tax, Estimated Tax

Credit card, payment by, Payment by Credit Card

Crediting of overpayment, Crediting an Overpayment

Divorced taxpayers, Divorced Taxpayers

Domestic help, Reminders, Household employers.

Electronic funds withdrawal, Reminders, Payment by Electronic Funds Withdrawal

Employment taxes, Reminders, Reminders

Estates and trusts, Estates and Trusts

Exemptions, Exemptions—line 4.

Expected adjusted gross income, Expected Adjusted Gross Income—Line 1, Expected adjusted gross income.

Expected taxable income, Expected Taxable Income— Lines 2-5, Expected taxable income.

Expected taxes and credits, Expected Taxes and Credits—Lines 6-13c, Expected taxes and credits.

Failure to pay penalty, Reminders

Farmers and fishermen, Farmers and Fishermen, Farmers and fishermen. , Farmers and Fishermen, Farmers and fishermen.

Fiscal year taxpayers, Fiscal year taxpayers.

Form 1040-ES, How To Figure Estimated Tax

Higher income individuals, Reminders, Higher income taxpayers.

How to figure, How To Figure Estimated Tax , How To Figure Each Payment

How to pay, How To Pay Estimated Tax

Illustrated examples, Illustrated Examples

Instructions for Worksheet 2-8, annualized estimated tax, Instructions for the 2006 Annualized Estimated Tax Worksheet (Worksheet 2-8)

Itemized deductions, Itemized deductions—Line 2.

Married taxpayers, Married Taxpayers

Net capital gain, Tax on net capital gain., Capital gains tax computation.

No standard deduction, No standard deduction.

Nonresident aliens, Line 7., Nonresident aliens.

Overpayment, Crediting an Overpayment

Payment-vouchers, Using the Payment Vouchers

Payments not required, Estimated Tax Payments Not Required

Qualified dividends, Reminders, Qualified dividends.

Railroad retirement benefits, Expected Adjusted Gross Income—Line 1

Regular installment method, Regular Installment Method, Example 1—Regular Installment Method

Required annual payment, Required Annual Payment— Line 14c, Estimated tax.

Required estimated tax payment, Required estimated tax payment., Required estimated tax payment.

Safe harbor for higher income individuals, Reminders

Self-employment income, Expected Adjusted Gross Income—Line 1, Self-employment income.

Separate returns, Separate Returns

Sick pay, Estimated tax.

Social security benefits, Expected Adjusted Gross Income—Line 1

Standard deduction, Standard deduction—line 2., Line 7.

Total estimated tax payments, Total Estimated Tax Payments—Line 16

Types of taxes included, Introduction

Underpayment penalty, What's New for 2005, Underpayment penalty., Underpayment Penalty for 2005

When to pay, When To Pay Estimated Tax

When to start payments, When To Start

Who does not have to pay, Who Does Not Have To Pay Estimated Tax

Who must pay, Reminders, Who Must Pay Estimated Tax

Excess social security or railroad retirement tax withholding, What's New, Excess Social Security or Railroad Retirement Tax Withholding, How to claim refund of excess tier 2 RRTA.

Excess social security or railroad retirement tax withholding:

Nonrailroad employees worksheet, Worksheet for Nonrailroad Employees
Railroad employees worksheets, Worksheets for Railroad Employees

Exemption from withholding, Exemption From Withholding, An exemption is good for only one year.

Exemption from withholding:

Age 65 or older, Students.
Blind persons, Students.
Claiming, Claiming exemption from withholding.
Good for only one year, An exemption is good for only one year.
Itemized deductions, Itemizing deductions or claiming exemptions or credits.
Students, Students.

Exemptions:

Dependents, Dependents.
Expected taxable income, Exemptions—line 4., Worksheet 2-3. 2006 Estimated Tax Worksheet—Line 2 Phaseout of Itemized Deductions
Hurricane Katrina, Expected Taxable Income— Lines 2-5, Worksheet 2-3. 2006 Estimated Tax Worksheet—Line 2 Phaseout of Itemized Deductions
Personal Allowances Worksheet, Personal Allowances Worksheet, Exemptions (worksheet lines A, C, and D).
Reduction of, Personal Allowances Worksheet, Expected Taxable Income— Lines 2-5, Line 10.
Self, Self.
Spouse, Spouse.
Withholding allowances, Withholding Allowances (Line 5 of Form W-4)
Worksheets, Worksheet 2-3. 2006 Estimated Tax Worksheet—Line 2 Phaseout of Itemized Deductions,

Expenses:, Itemized deductions (worksheet line 1).

Allowances, Expense allowances.
Standard mileage rates, What's New for 2006, What's New for 2006

F

Failure to comply with tax laws (see Penalties)

Farmers:

Estimated tax, Special Rules, Farmers and fishermen. , Farmers and Fishermen, Farmers and fishermen.
Fiscal years, Fiscal year farmers and fishermen.
Gross income, Gross income from farming.
Joint returns, Joint returns.
Required annual payment, Farmers and fishermen.
Underpayment penalty, Farmers and fishermen., Farmers and Fishermen
Waiver of underpayment penalty, Farmers and fishermen.
Withholding for farmworkers, Farmworkers.

Figures (see Tables and figures)

Fiscal years:

Estimated tax, Fiscal year taxpayers.
Farmers and fishermen, Fiscal year farmers and fishermen.
Withholding tax credit, Fiscal Years

Fishermen:

Backup withholding, fishing boat operators' payments, Payments subject to backup withholding.
Estimated tax, Special Rules, Farmers and fishermen. , Farmers and Fishermen, Farmers and fishermen.
Fiscal years, Fiscal year farmers and fishermen.
Gross income, Gross income from fishing.
Joint returns, Joint returns.
Required annual payment, Farmers and fishermen.
Underpayment penalty, Farmers and fishermen., Farmers and Fishermen
Waiver of underpayment penalty, Farmers and fishermen.

Form 1040-ES, Introduction, How To Figure Estimated Tax , How To Pay Estimated Tax

Form 1040-ES(NR), Aliens

Form 1040X, Form Received After Filing

Form 1041-ES, Estates and Trusts

Form 1099 series, Backup Withholding, The 1099 Series

Form 2210, Form 2210., Completing Schedule AI., Figuring the penalty.

Form 2210-F, Form 2210-F.

Form 8822, Change of address.

Form W-2, Form W-2

Form W-2c, Form Not Correct

Form W-2G, Form W-2G., Form W-2G

Form W-4 (see Form W-4 worksheets)

Illustrated example, Illustrated Example—Form W-4

Form W-4 worksheets:

2005 Form W-4 and worksheets, Illustrated Example—Form W-4
Completing of, Completing Form W-4 and Worksheets
Deductions and Adjustments Worksheet, Deductions and Adjustments Worksheet.
Deductions and adjustments worksheet instructions, Deductions and Adjustments Worksheet
Number of allowances claimed, , Illustrated Example—Form W-4
Personal Allowances Worksheet, Personal Allowances Worksheet, Personal Allowances Worksheet.
Two-Earner/Two-Job Worksheet, Two-Earner/Two-Job Worksheet, Two-Earner/Two-Job Worksheet.
Withholding allowances, Form W-4 worksheets.

Form W-4, Employee's Allowance Withholding Certificate, Determining Amount of Tax Withheld Using Form W-4, An exemption is good for only one year.

Form W-4:

Illustrated example, ,

Form W-4P, Periodic Payments

Form W-4S, Form W-4S.

Form W-4V, Unemployment Compensation

Form W-7, Taxpayer identification number.

Form W-9, Withholding rules.

Fraud:

Form W-4 statements, Penalties

Free tax services, How To Get Tax Help

Fringe benefits, Taxable Fringe Benefits, More information.

G

Gambling:

Form W-2G, Form W-2G
Losses, Itemized deductions (worksheet line 1)., Form W-2G
Winnings, Form W-2G

Gross income, Gross income.

Gross income:

Farming, Gross income from farming.
Fishing, Gross income from fishing.

H

Head of household:

Personal Allowances Worksheet, Head of household (worksheet line E).
Withholding allowance, Head of household (worksheet line E).

Help (see Tax help)

Higher income individuals:

Estimated tax safe harbor, Reminders
Required annual payment, Higher income taxpayers.
Underpayment penalty, Higher income taxpayers.

Household workers (see Domestic help)

Hurricane Katrina, additional exemption amount, Expected Taxable Income— Lines 2-5

Hurricane Katrina, exemptions, Worksheet 2-3. 2006 Estimated Tax Worksheet—Line 2 Phaseout of Itemized Deductions

I

Independent contractors:

Backup withholding, Payments subject to backup withholding.

Individual retirement arrangements (IRAs):, Pensions and Annuities

(see also Pensions)
Income limits, What's New for 2006, What's New for 2006
SIMPLE IRA salary reduction contributions, What's New for 2006, What's New for 2006

Interest income:

Backup withholding, Payments subject to backup withholding.
Underreported, Underreported interest or dividends.

Itemized deductions:

Deductions and Adjustments Worksheet, Itemized deductions (worksheet line 1).
Estimated tax, expected taxable income, Itemized deductions—Line 2.
Exemption from withholding, Itemizing deductions or claiming exemptions or credits.
Gambling losses, Form W-2G
Phaseout of, Itemized deductions (worksheet line 1)., Expected Taxable Income— Lines 2-5
Reduction, Itemized deductions (worksheet line 1)., Expected Taxable Income— Lines 2-5
Worksheets, , Worksheet 2-3. 2006 Estimated Tax Worksheet—Line 2 Phaseout of Itemized Deductions, Worksheet 2-9. 2006 Annualized Estimated Tax Worksheet—Line 6 Phaseout of Itemized Deductions

J

Joint returns:

Excess withholding on social security and railroad retirement taxes, Excess Social Security or Railroad Retirement Tax Withholding
Farmers and fishermen, Joint returns.
Underpayment penalty, 2004 separate returns and 2005 joint return., 2004 joint return and 2005 separate returns.

M

Marital status:

Form W-4 worksheet, Marital Status (Line 3 of Form W-4)
Withholding rate, Marital Status (Line 3 of Form W-4)

Married taxpayers:, Excess Social Security or Railroad Retirement Tax Withholding

(see also Joint returns)
Estimated tax, Married Taxpayers
Marital status, Married.
Withholding allowances, Married individuals.

Medical and dental expenses, Itemized deductions (worksheet line 1).

Military retirement pay, Military retirees., Periodic Payments

Missing children, photographs of, Reminders

More information (see Tax help)

N

Name change, Name changed.

Noncitizens:

Estimated tax, Aliens
Withholding, Single., Employees who are not citizens or residents.

Nonqualified deferred compensation, Periodic Payments

Nonresident aliens:

Estimated tax, Aliens, Nonresident aliens.
Individual taxpayer identification numbers (ITINs), Taxpayer identification number.

O

Overpayment:

Crediting to estimated tax, Crediting an Overpayment

P

Part-year method of withholding, Part-Year Method

Patronage dividends:

Backup withholding, Payments subject to backup withholding.

Payment-vouchers, Using the Payment Vouchers

Penalties:

Backup withholding, Penalties.
Failure to pay estimated tax, Reminders
Underpayment of estimated tax, Underpayment Penalty for 2005
Waiver of, Waiver of Penalty
Willfully false or fraudulent Form W-4, Penalties
Withholding allowances, Penalties

Pensions, Pensions and Annuities, Choosing Not To Have Income Tax Withheld

Pensions:, What's New for 2006, What's New for 2006

(see also Individual retirement arrangements (IRAs))
(see also Retirement plans)
Rollovers, Eligible Rollover Distributions
Wages and salaries withholding rules compared, Withholding rules.

Personal Allowances Worksheet, Personal Allowances Worksheet, Total personal allowances (worksheet line H).

Personal allowances:

Reduction of, Personal Allowances Worksheet

Personal exemptions (see Exemptions)

Publication 919, Publication 919

Publications (see Tax help)

Q

Qualified dividends, Reminders, Qualified dividends.

R

Railroad retirement benefits:

Choosing to withhold, Federal Payments
Estimated tax, Expected Adjusted Gross Income—Line 1

Railroad retirement tax:

Excess withholding, What's New, Excess Social Security or Railroad Retirement Tax Withholding, Worksheets for Railroad Employees

Worksheets,

Refund claims, How to claim refund of excess tier 2 RRTA.

Regular installment method, estimated tax, Regular Installment Method, Example 1—Regular Installment Method

Reimbursements, Expense allowances.

Reimbursements:

Excess, Accountable plan.

Rents, profits, or other gains:

Backup withholding, Payments subject to backup withholding.

Reporting:

Fringe benefits, How your employer reports your benefits.
Gambling winnings, Information to give payer.
Tips to employer, Reporting tips to your employer.

Required annual payment, Required Annual Payment— Line 14c, Example.

Required estimated tax payment, Required estimated tax payment., Required estimated tax payment.

Retirement plans

IRAs (see Individual retirement arrangements (IRAs))
Pension plans (see Pensions)

Retirement plans:

Rollovers, Eligible Rollover Distributions
State or local deferred compensation plan payments, Periodic Payments

Rollovers, Eligible Rollover Distributions

Royalties:

Backup withholding, Payments subject to backup withholding.

S

Safe harbors:

2005 estimated tax for higher income individuals, Reminders

Salaries (see Compensation)

Salary reduction contributions:

SIMPLE IRAs, What's New for 2006, What's New for 2006

Saturday, Sunday, holiday rule, Saturday, Sunday, holiday rule.

Self-employment tax, Expected Adjusted Gross Income—Line 1, Self-employment income.

Separate returns:

Estimated tax credit, Separate Returns
Underpayment penalty, 2004 separate returns and 2005 joint return., 2004 joint return and 2005 separate returns.
Withholding tax credit, Separate Returns

Sick pay, Sick Pay, Estimated tax.

SIMPLE IRAs, What's New for 2006, What's New for 2006

Single marital status, Single.

Social security benefits:

Choosing to withhold, Federal Payments
Estimated tax, Expected Adjusted Gross Income—Line 1

Social security taxes:

Domestic help, Reminders

Excess withholding, What's New, Excess Social Security or Railroad Retirement Tax Withholding

Worksheet, Worksheet for Nonrailroad Employees

FICA tax, withholding obligation, Reminders

Taxpayer identification numbers (TINs), Taxpayer identification number.

Spouse:, Marital Status (Line 3 of Form W-4)

(see also Married taxpayers)
Exemption, Spouse.
Marital status, Marital Status (Line 3 of Form W-4)
Personal Allowances Worksheet, Spouse.

Standard deduction, Standard deduction—line 2., Line 7.

Standard mileage rates, What's New for 2006, What's New for 2006

State and local income taxes and property taxes, Itemized deductions (worksheet line 1).

State or local deferred compensation plan payments, Periodic Payments

Students, Students.

Suggestions for publication, Comments and suggestions.

Supplemental wages, Supplemental Wages

T

Tables and figures:

2006 estimated tax worksheet (Figure 2-B),
Annualized income installment method worksheet, estimated tax (Figure 2-C),
Annualized income installment method, Form 2210 (Figure 4-C), ,
Annualized income installment method, illustrated example estimated tax (Figure 2-E),
Annualized income installment method, underpayment penalty (Figure 4-C), ,
Calendar to determine days payment late (Table 4-1),
Credits for Form W-4 deductions and adjustments worksheet (Table 1-1), Two-Earner/Two-Job Worksheet
Dependents, standard deduction worksheet (Table 2-5), 2006 Standard Deduction Tables
Do you have to pay estimated tax? (Figure 2-A),
Due dates, estimated tax (Table 2-2),
Exemption from withholding on Form W-4 (Figure 1-B),
Form 2210, short method illustrated (Figure 4-A), ,
Form W-4, illustrated example (Figure 1-A), ,
Railroad retirement, maximum withholding (Table 3-1),
Regular installment method, illustrated example estimated tax (Figure 2-D),
Regular installment method, illustrated example Form 2210 (Figure 4-B), ,
Regular installment method, illustrated example underpayment penalty (Figure 4-B), ,
Social security, maximum withholding (Table 3-1),
Standard deduction worksheet for dependents (Table 2-5), 2006 Standard Deduction Tables
Total days, chart (Table 4-2), Figuring the penalty.
Underpayment penalty, calendar to determine number of days payment is late (Table 4-1),
Worksheets, where to find (Table 2-1),

Tax help, How To Get Tax Help

Taxpayer Advocate, Contacting your Taxpayer Advocate.

Taxpayer identification numbers (TINs), Taxpayer identification number.

Tips, Tips, More information.

Total income, Total income.

Trust beneficiaries: