Get 1545-1417 Department Of The Treasury Internal Revenue Service Attachment Sequence No - Irs

The 1545-1417 form, also known as Form 8845, is used by employers of American Indians to claim the Indian employment credit. This guide will help you understand how to fill out this form online, ensuring you complete each section accurately.

Follow the steps to complete the form with ease.

1. Click the ‘Get Form’ button to obtain the form and open it in the editor.
2. In Part I, line 1, enter the total amount of qualified wages and qualified employee health insurance costs paid or incurred during the tax year. If there are no qualified amounts, enter '0'.
3. On line 2, input the total of qualified wages and qualified employee health insurance costs from calendar year 1993. If none, enter '0'.
4. Calculate the incremental increase by subtracting line 2 from line 1 and enter the result on line 3.
5. Multiply the result from line 3 by 20% (0.20) and enter this figure on line 4 to determine the current year credit.
6. If applicable, enter any Indian employment credits from pass-through entities on line 5.
7. Add lines 4 and 5 to get the total current year credit and record it.
8. Continue to Part II only if you need to determine the tax liability limit; otherwise, proceed to save or submit your form.
9. In Part II, enter your regular tax before any credits. Complete other lines based on your specific tax situation as guided.
10. Review all input data to ensure accuracy and completeness.
11. Finally, save your changes, download a copy of the completed form, or print it for submission.

Start filling out your documents online today for a smooth filing experience.