Get 2004 Form 1040 (schedule H) - Irs

Filling out the 2004 Form 1040 (Schedule H) is essential for individuals who employed household workers and need to report employment taxes. This guide provides clear, step-by-step instructions on how to accurately complete the form online.

Follow the steps to accurately complete your Schedule H online.

1. Click the ‘Get Form’ button to access the 2004 Form 1040 (Schedule H) and open it in your editor.
2. Begin by entering your name and Social Security number at the top of the form. These fields will identify you as the employer.
3. Proceed to line A to determine if you paid any household employee cash wages of $1,400 or more in 2004. Answer 'Yes' or 'No' as applicable.
4. If you answered 'Yes' to line A, skip lines B and C and continue to line 1 in Part I. If 'No', go to line B.
5. For line B, indicate whether you withheld Federal income tax for any household employee. If 'Yes', skip to line 5. If 'No', go to line C.
6. On line C, assess if you paid total cash wages of $1,000 or more in any calendar quarter of 2003 or 2004 to household employees. Answering 'No' means you will stop here and do not need to file the schedule.
7. If you proceed to Part I, enter the total cash wages subject to social security taxes on line 1. For line 2, calculate social security taxes by multiplying line 1 by 12.4%.
8. Next, complete line 3 with total cash wages subject to Medicare taxes and calculate Medicare taxes on line 4 by multiplying by 2.9%.
9. On line 5, input any Federal income tax withheld. Line 6 totals the amounts from lines 2, 4, and 5 to summarize social security, Medicare, and income taxes.
10. Line 8 requires subtracting line 7 (advance earned income credit payments) from line 6 to find net taxes.
11. If you have household employees for this year, you will need to continue filling out the remaining sections, including Part II for Federal Unemployment Tax (FUTA) tax.
12. Upon complecting all necessary fields, you can then save changes, download, print, or share the completed form as per your requirements.

Complete your household employment taxes by filing the 2004 Form 1040 (Schedule H) online today.