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2 (Rev. January 1996) Cat. No. 10000W Important Reminders................................................ 3 General Information.................................................. 6 1. Employer Identification Number (EIN).............. 6 2. Who Are Employees? ........................................... 6 3. Family Employees ................................................. 7 4. Employee s Social Security Number (SSN) .

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The Internal Revenue Service is a federal agency responsible for collecting federal taxes and enforcing U.S. tax laws. Most of the work of the IRS involves individual and corporate income taxes.

The Internal Revenue Service (IRS) is the largest of Treasury's bureaus. It is responsible for determining, assessing, and collecting internal revenue in the United States.

Federal Child Tax Credit It was established as a part of the 1997 Taxpayer Relief Act. Eligible recipients subtract the credit amount from their owed federal income taxes. Originally, the tax credit was $400 per child younger than age 17 and nonrefundable for most families.

Middle-income households received almost all of the benefits. The credit increased to $500 per child in 1999, and then by 2004 it grew to $1,000 per child as a result of legislation passed in 2001.

The amount of the credit for 1996 is more than in 1995. The most credit you can receive in 1996 is: $2,152 with one qualifying child, ● $3,556 with more than one qualifying child, or ● $323 without a qualifying child.

Taxpayer Relief Act of 1997 The Act introduced a $400 child tax credit for each child under age 17 and the credit was increased to $500 in 1999. The purpose of the child tax credit was to reduce the tax burden of families raising dependent children.

Origins. The child tax credit was created in 1997 as part of the Taxpayer Relief Act of 1997. Initially it was a $500-per-child (up to age 16) nonrefundable credit intended to provide tax relief to middle- and upper-middle-income families.

The IRS Mission Provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities and enforce the law with integrity and fairness to all.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232