Form

1040

2014

(99)

Department of the TreasuryInternal Revenue Service

U.S. Individual Income Tax Return

For the year Jan. 1Dec. 31, 2014, or other tax year beginning
Your first name and initial

Last name

Alice

Byrd

Bruce

Byrd

OMB No. 1545-0074

, 2014, ending

IRS Use OnlyDo not write or staple in this space.

See separate instructions.

, 20

Your social security number

1 2 3 4 5 6 7 8 9

Spouses social security number

Last name

If a joint return, spouses first name and initial

1 1 1 1 1 1 1 1 1

Apt. no.

Home address (number and street). If you have a P.O. box, see instructions.

473 Revere Avenue,

City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions).

Presidential Election Campaign

Check here if you, or your spouse if filing
jointly, want $3 to go to this fund. Checking
Foreign postal code
a box below will not change your tax or
refund.
You
Spouse

Lowell, MA, 01850

Foreign country name

Filing Status
Check only one
box.

Exemptions

Foreign province/state/county

1
2
3

6a
b
c

Attach Form(s)
W-2 here. Also
attach Forms
W-2G and
1099-R if tax
was withheld.

If you did not

get a W-2,
see instructions.

Adjusted
Gross
Income

(2) Dependents
social security number

Last name

Qualifying widow(er) with dependent child

(4) if child under age 17

qualifying for child tax credit
(see instructions)

(3) Dependents
relationship to you

Cythia
John
Sam
d

Income

childs name here.

Yourself. If someone can claim you as a dependent, do not check box 6a .

Spouse
.
Dependents:

Head of household (with qualifying person). (See instructions.) If

the qualifying person is a child but not your dependent, enter this

Married filing separately. Enter spouses SSN above

and full name here.

(1) First name

If more than four

dependents, see
instructions and
check here

Single
Married filing jointly (even if only one had income)

Boxes checked
on 6a and 6b
No. of children
on 6c who:
lived with you
did not live with
you due to divorce
or separation
(see instructions)

Daughter
Son
Father
Total number of exemptions claimed

Make sure the SSN(s) above

and on line 6c are correct.

120,100

.
8b
. .

8a

2,750

9a

10
11

Qualified dividends . . . . . . . . . . .
9b
Taxable refunds, credits, or offsets of state and local income taxes
Alimony received . . . . . . . . . . . . . . .

.
.

.
.

.
.

.
.

.
.

.
.

10
11

12
13
14

Business income or (loss). Attach Schedule C or C-EZ . . . . . . . . .

Capital gain or (loss). Attach Schedule D if required. If not required, check here
Other gains or (losses). Attach Form 4797 . . . . . . . . . . . . .

12
13
14

15a
16a
17

IRA distributions .
15a
b Taxable amount
. . .
Pensions and annuities 16a
b Taxable amount
. . .
Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E

15b
16b
17

18
19
20a

Farm income or (loss). Attach Schedule F .

Unemployment compensation . . . .
Social security benefits 20a

18
19
20b

21
22

Other income. List type and amount

Combine the amounts in the far right column for lines 7 through 21. This is your total income

23

Educator expenses

24

Certain business expenses of reservists, performing artists, and

fee-basis government officials. Attach Form 2106 or 2106-EZ

25

Health savings account deduction. Attach Form 8889

24
25

26
27
28

Moving expenses. Attach Form 3903 . . . . . .

Deductible part of self-employment tax. Attach Schedule SE .
Self-employed SEP, SIMPLE, and qualified plans
. .

26
27
28

29
30
31a

Self-employed health insurance deduction

Penalty on early withdrawal of savings . .

.
.

.
.

.
.

.
.

32
33
34

Alimony paid b Recipients SSN

IRA deduction . . . . . . .
Student loan interest deduction . .
Tuition and fees. Attach Form 8917 .

29
30
31a

.
.
.

.
.
.

.
.
.

.
.
.

32
33
34

35
36
37

Domestic production activities deduction. Attach Form 8903

35
Add lines 23 through 35 . . . . . . . . . . . . .
Subtract line 36 from line 22. This is your adjusted gross income

Wages, salaries, tips, etc. Attach Form(s) W-2

Taxable interest. Attach Schedule B if required .

Tax-exempt interest. Do not include on line 8a .
Ordinary dividends. Attach Schedule B if required

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.
.

.
.
.

.
.
.

.
.
.

.
.

.
.

.
.

.
.

. . . . . .
. . . . . .
b Taxable amount

.
.
.

.
.
.

.
.
.

Add numbers on
lines above

8a
b
9a

Dependents on 6c
not entered above

21
22

122,850

36
37

0
122,850

23

.
.

For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions.

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.

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Cat. No. 11320B

Form

1040

(2014)

Page 2

Form 1040 (2014)

38

Amount from line 37 (adjusted gross income)

Tax and
Credits

39a

Check
if:

Standard
Deduction
for
People who
check any
box on line
39a or 39b or
who can be
claimed as a
dependent,
see
instructions.
All others:
Single or
Married filing
separately,
$6,200
Married filing
jointly or
Qualifying
widow(er),
$12,400
Head of
household,
$9,100

Other
Taxes

58
59
60a

Unreported social security and Medicare tax from Form:

b
61

First-time homebuyer credit repayment. Attach Form 5405 if required

62
63

Form 8960 c
Taxes from: a
Form 8959 b
Add lines 56 through 62. This is your total tax . .

Payments
If you have a
qualifying
child, attach
Schedule EIC.

Sign
Here

Paid
Preparer
Use Only

You were born before January 2, 1950,

Spouse was born before January 2, 1950,

Blind.
Blind.

39b

42
43

Exemptions. If line 38 is $152,525 or less, multiply $3,950 by the number on line 6d. Otherwise, see instructions
Taxable income. Subtract line 42 from line 41. If line 42 is more than line 41, enter -0- . .
Form 4972 c
Tax (see instructions). Check if any from: a
Form(s) 8814 b

44
45
46
47
48
49
50
51
52
53
54
55
56
57

64
65
66a
b
67
68
69
70
71
72

75
76a

Alternative minimum tax (see instructions). Attach Form 6251 .

Excess advance premium tax credit repayment. Attach Form 8962

.
.

.
.

.
.

.
.

.
.

.
.

.
.

.
48

52
Residential energy credits. Attach Form 5695 . . . .
53
3800 b
8801 c
Other credits from Form: a
54
Add lines 48 through 54. These are your total credits . . . . .
Subtract line 55 from line 47. If line 55 is more than line 47, enter -0-

.
.

.
.

.
.

.
.

.
.

.
.

Self-employment tax. Attach Schedule SE

Add lines 44, 45, and 46

. . . . . . .
Foreign tax credit. Attach Form 1116 if required .

.
.

.
.

.
.

.
.

.
.

Additional tax on IRAs, other qualified retirement plans, etc. Attach Form 5329 if required

.
.

.
.

8919

Household employment taxes from Schedule H

4137
.

.
.

.
.

.
.

.
.

.
.

.
.

. . . . .
Instructions; enter code(s)

. . . . . . . . . . .
64
Federal income tax withheld from Forms W-2 and 1099 . .
10,800
2014 estimated tax payments and amount applied from 2013 return
65
Earned income credit (EIC) . . . . . . . . . . 66a

Nontaxable combat pay election

66b
Additional child tax credit. Attach Schedule 8812 .

67

American opportunity credit from Form 8863, line 8 .

Net premium tax credit. Attach Form 8962 . . . .
Amount paid with request for extension to file . . .

.
.
.

.
.
.

68
69
70

71
72
Credits from Form: a
2439 b
Reserved c
Reserved d
73
Add lines 64, 65, 66a, and 67 through 73. These are your total payments .
Excess social security and tier 1 RRTA tax withheld

Credit for federal tax on fuels. Attach Form 4136

.
.

.
.

.
.

40
41
42

35,465

43

67,635

44
45
46
47

9,238

55
56
57

0
9,238

87,385
19,750

9,238

58
59
60a
60b

Full-year coverage

Health care: individual responsibility (see instructions)

122,850

49
50
51

Credit for child and dependent care expenses. Attach Form 2441

Education credits from Form 8863, line 19 . . . . .

Retirement savings contributions credit. Attach Form 8880
Child tax credit. Attach Schedule 8812, if required . . .

38

Total boxes
checked 39a
.
.

61
62
63

9,238

.
.

74

10,800

If line 74 is more than line 63, subtract line 63 from line 74. This is the amount you overpaid

75

1,562

Amount of line 75 you want refunded to you. If Form 8888 is attached, check here

76a

1,562

b
d

c Type:
Routing number
Checking
Savings
Account number
Amount of line 75 you want applied to your 2015 estimated tax 77
77
78
Amount you owe. Subtract line 74 from line 63. For details on how to pay, see instructions 78
79
Estimated tax penalty (see instructions) . . . . . . .
79
Do you want to allow another person to discuss this return with the IRS (see instructions)?
Yes. Complete below.

No

Personal identification

number (PIN)

Phone
no.

Designees
name

Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief,
they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Your signature

Date

Your occupation

Daytime phone number

Spouses signature. If a joint return, both must sign.

Date

Spouses occupation

If the IRS sent you an Identity Protection

PIN, enter it
here (see inst.)
PTIN
Check
if
self-employed

Joint return? See

instructions.
Keep a copy for
your records.

Itemized deductions (from Schedule A) or your standard deduction (see left margin)
Subtract line 40 from line 38
. . . . . . . . . . . . . . . . .

Third Party
Designee

40
41

Direct deposit?
See

instructions.

Amount
You Owe

If your spouse itemizes on a separate return or you were a dual-status alien, check here

73
74

Refund

Print/Type preparers name

Firms name

Preparers signature

Date

Firm's EIN

Firms address

Phone no.

www.irs.gov/form1040

Form 1040 (2014)

SCHEDULE A
(Form 1040)

OMB No. 1545-0074

Itemized Deductions

Department of the Treasury

Internal Revenue Service (99)

Information

about Schedule A and its separate instructions is at www.irs.gov/schedulea.

Attach to Form 1040.

Name(s) shown on Form 1040

2014

Attachment
Sequence No. 07
Your social security number

Alice and Bruce Byrd

Medical
and
Dental
Expenses
Taxes You
Paid

1
2
3
4
5

6
7
8

Interest
You Paid

9
10
11

Note.
Your mortgage
interest
deduction may
be limited (see
instructions).

123456789

Caution. Do not include expenses reimbursed or paid by others.

Medical and dental expenses (see instructions) . . . . .
1
Enter amount from Form 1040, line 38
2
122,850
Multiply line 2 by 10% (.10). But if either you or your spouse was
3
born before January 2, 1950, multiply line 2 by 7.5% (.075) instead
Subtract line 3 from line 1. If line 3 is more than line 1, enter -0- . .
State and local (check only one box):
a Income taxes, or
. . . . . . . . . . .
5
b
General sales taxes
Real estate taxes (see instructions) . . . . . . . . .
6
Personal property taxes . . . . . . . . . . . . .
7
Other taxes. List type and amount
8
Add lines 5 through 8 . . . . . . . . . . . . . . . .
Home mortgage interest and points reported to you on Form 1098 10
Home mortgage interest not reported to you on Form 1098. If paid
to the person from whom you bought the home, see instructions
and show that persons name, identifying no., and address

12,285

11
12 Points not reported to you on Form 1098. See instructions for
special rules . . . . . . . . . . . . . . . . .
12
13 Mortgage insurance premiums (see instructions) . . . . .
13
14 Investment interest. Attach Form 4952 if required. (See instructions.) 14
15 Add lines 10 through 14 . . . . . . . . . . . . . . .
Gifts to
16 Gifts by cash or check. If you made any gift of $250 or more,
see instructions . . . . . . . . . . . . . . . .
16
Charity
17 Other than by cash or check. If any gift of $250 or more, see
If you made a
gift and got a
instructions. You must attach Form 8283 if over $500 . . .
17
benefit for it,
18 Carryover from prior year . . . . . . . . . . . .
18
see instructions.
19 Add lines 16 through 18 . . . . . . . . . . . . . . .

Casualty and
Theft Losses

21,400

20 Casualty or theft loss(es). Attach Form 4684. (See instructions.) .

9,115

11,950

15

8,700

5,600

6,950

5,000

8,700

5250

350

19

20

Job Expenses 21 Unreimbursed employee expensesjob travel, union dues,

and Certain
job education, etc. Attach Form 2106 or 2106-EZ if required.
Miscellaneous
21
(See instructions.)
Deductions
22 Tax preparation fees . . . . . . . . . . . . .
22

2,557

23 Other expensesinvestment, safe deposit box, etc. List type

and amount

Other
Miscellaneous
Deductions

24
25
26
27
28

23
Add lines 21 through 23 . . . . . . . . . . . .
24
Enter amount from Form 1040, line 38 25
122,850
Multiply line 25 by 2% (.02) . . . . . . . . . . .
26
Subtract line 26 from line 24. If line 26 is more than line 24, enter -0- .
Otherfrom list in instructions. List type and amount

2,557

2,457

27

100

28

29 Is Form 1040, line 38, over $152,525?

Total
No. Your deduction is not limited. Add the amounts in the far right column
Itemized
for lines 4 through 28. Also, enter this amount on Form 1040, line 40.
Deductions

.
Yes. Your deduction may be limited. See the Itemized Deductions
Worksheet in the instructions to figure the amount to enter.
30 If you elect to itemize deductions even though they are less than your standard
deduction, check here . . . . . . . . . . . . . . . . . . .

For Paperwork Reduction Act Notice, see Form 1040 instructions.

Cat. No. 17145C

29

35,465

Schedule A (Form 1040) 2014

SCHEDULE B
Department of the Treasury
Internal Revenue Service (99)

OMB No. 1545-0074

Interest and Ordinary Dividends

(Form 1040A or 1040)

Information

Attach to Form 1040A or 1040.

about Schedule B and its instructions is at www.irs.gov/scheduleb.

Name(s) shown on return

2015

Attachment
Sequence No. 08
Your social security number

Alice and Bruce Byrd

Part I

Interest

123456789

Amount

List name of payer. If any interest is from a seller-financed mortgage and the
buyer used the property as a personal residence, see instructions on back and list
this interest first. Also, show that buyers social security number and address
Second National Bank

2,750

(See instructions
on back and the
instructions for
Form 1040A, or
Form 1040,
line 8a.)
Note: If you
received a Form
1099-INT, Form
1099-OID, or
substitute
statement from
a brokerage firm,
list the firms
name as the
payer and enter
the total interest
shown on that
form.

Part II

2
3

Add the amounts on line 1 . . . . . . . . . .

Excludable interest on series EE and I U.S. savings
Attach Form 8815 . . . . . . . . . . . . .
4
Subtract line 3 from line 2. Enter the result here and
1040, line 8a . . . . . . . . . . . . . .
Note: If line 4 is over $1,500, you must complete Part III.
List name of payer
5

. . . . . . . .
bonds issued after 1989.
. . . . . . . .
on Form 1040A, or Form
. . . . . . . .

2,750

2,750

Amount

Ordinary
Dividends
(See instructions
on back and the
instructions for
Form 1040A, or
Form 1040,
line 9a.)
Note: If you
received a Form
1099-DIV or
substitute
statement from
a brokerage firm,
list the firms
name as the
payer and enter
the ordinary
dividends shown
on that form.

Part III
Foreign
Accounts
and Trusts
(See
instructions on
back.)

Add the amounts on line 5. Enter the total here and on Form 1040A, or Form
6
1040, line 9a . . . . . . . . . . . . . . . . . . . . . .
Note: If line 6 is over $1,500, you must complete Part III.
You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a
foreign account; or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust.
7a

At any time during 2015, did you have a financial interest in or signature authority over a financial
account (such as a bank account, securities account, or brokerage account) located in a foreign
country? See instructions . . . . . . . . . . . . . . . . . . . . . . . .

If Yes, are you required to file FinCEN Form 114, Report of Foreign Bank and Financial
Accounts (FBAR), to report that financial interest or signature authority? See FinCEN Form 114
and its instructions for filing requirements and exceptions to those requirements . . . . . .
b If you are required to file FinCEN Form 114, enter the name of the foreign country where the
financial account is located
8
During 2015, did you receive a distribution from, or were you the grantor of, or transferor to, a
foreign trust? If Yes, you may have to file Form 3520. See instructions on back . . . . . .

For Paperwork Reduction Act Notice, see your tax return instructions.

Cat. No. 17146N

Yes No

Schedule B (Form 1040A or 1040) 2015

Page 2

Schedule B (Form 1040A or 1040) 2015

General Instructions
Section references are to the Internal Revenue Code
unless otherwise noted.

Future Developments
For the latest information about developments
related to Schedule B (Form 1040A or 1040) and its
instructions, such as legislation enacted after they
were published, go to www.irs.gov/scheduleb.

Purpose of Form
Use Schedule B if any of the following applies.
You had over $1,500 of taxable interest or ordinary
dividends.
You received interest from a seller-financed
mortgage and the buyer used the property as a
personal residence.
You have accrued interest from a bond.
You are reporting original issue discount (OID) in
an amount less than the amount shown on Form
1099-OID.
You are reducing your interest income on a bond
by the amount of amortizable bond premium.
You are claiming the exclusion of interest from
series EE or I U.S. savings bonds issued after 1989.
You received interest or ordinary dividends as a
nominee.
You had a financial interest in, or signature
authority over, a financial account in a foreign
country or you received a distribution from, or were
a grantor of, or transferor to, a foreign trust. Part III
of the schedule has questions about foreign
accounts and trusts.

Specific Instructions
You can list more than one payer on
each entry space for lines 1 and 5, but
be sure to clearly show the amount paid
next to the payer's name. Add the
separate amounts paid by the payers
listed on an entry space and enter the total in the
Amount column. If you still need more space, attach
separate statements that are the same size as the
printed schedule. Use the same format as lines 1 and
5, but show your totals on Schedule B. Be sure to put
your name and social security number (SSN) on the
statements and attach them at the end of your return.

TIP

Part I. Interest
Line 1. Report on line 1 all of your taxable interest.
Taxable interest generally should be shown on your
Forms 1099-INT, Forms 1099-OID, or substitute
statements. Include interest from series EE, H, HH,
and I U.S. savings bonds. Also include any accrued
market discount that is includible in income. List
each payers name and show the amount. Do not
report on this line any tax-exempt interest from box
8 or box 9 of Form 1099-INT. Instead, report the
amount from box 8 on line 8b of Form 1040A or
1040. If an amount is shown in box 9 of Form
1099-INT, you generally must report it on line 12 of
Form 6251. See the Instructions for Form 6251 for
more details. For more information on market
discount and other investment income see Pub. 550.
Seller-financed mortgages. If you sold your
home or other property and the buyer used the
property as a personal residence, list first any
interest the buyer paid you on a mortgage or other
form of seller financing. Be sure to show the buyers
name, address, and SSN. You must also let the
buyer know your SSN. If you do not show the
buyers name, address, and SSN, or let the buyer
know your SSN, you may have to pay a $50 penalty.
Nominees. If you received a Form 1099-INT that
includes interest you received as a nominee (that is, in
your name, but the interest actually belongs to
someone else), report the total on line 1. Do this even
if you later distributed some or all of this income to
others. Under your last entry on line 1, put a subtotal
of all interest listed on line 1. Below this subtotal, enter
"Nominee Distribution" and show the total interest you
received as a nominee. Subtract this amount from the
subtotal and enter the result on line 2.

If you received interest as a nominee,

you must give the actual owner a Form
1099-INT unless the owner is your
spouse. You must also file a Form 1096
and a Form 1099-INT with the IRS. For
more details, see the General Instructions for Certain
Information Returns and the Instructions for Forms
1099-INT and 1099-OID.

TIP

Accrued interest. When you buy bonds between

interest payment dates and pay accrued interest to
the seller, this interest is taxable to the seller. If you
received a Form 1099 for interest as a purchaser of a
bond with accrued interest, follow the rules earlier
under Nominees to see how to report the accrued
interest. But identify the amount to be subtracted as
Accrued Interest.
Original issue discount (OID). If you are reporting
OID in an amount less than the amount shown on
Form 1099-OID, follow the rules earlier under
Nominees to see how to report the OID. But identify
the amount to be subtracted as OID Adjustment.
Amortizable bond premium. If you are reducing your
interest income on a bond by the amount of amortizable
bond premium, follow the rules earlier under Nominees
to see how to report the interest. But identify the amount
to be subtracted as ABP Adjustment.
Line 3. If, during 2015, you cashed series EE or I
U.S. savings bonds issued after 1989 and you paid
qualified higher education expenses for yourself,
your spouse, or your dependents, you may be able
to exclude part or all of the interest on those bonds.
See Form 8815 for details.

Part II. Ordinary Dividends

You may have to file Form 5471 if, in
2015, you were an officer or director of
a foreign corporation. You may also
have to file Form 5471 if, in 2015, you
owned 10% or more of the total
(a) value of a foreign corporations stock, or (b)
combined voting power of all classes of a foreign
corporations stock with voting rights. For details,
see Form 5471 and its instructions.

TIP

Line 5. Report on line 5 all of your ordinary

dividends. This amount should be shown in box 1a
of your Forms 1099-DIV or substitute statements.
List each payers name and show the amount.
Nominees. If you received a Form 1099-DIV that
includes ordinary dividends you received as a
nominee (that is, in your name, but the ordinary
dividends actually belong to someone else), report
the total on line 5. Do this even if you later
distributed some or all of this income to others.
Under your last entry on line 5, put a subtotal of all
ordinary dividends listed on line 5. Below this
subtotal, enter Nominee Distribution and show the
total ordinary dividends you received as a nominee.
Subtract this amount from the subtotal and enter the
result on line 6.
If you received dividends as a nominee,
you must give the actual owner a Form
1099-DIV unless the owner is your spouse.
You must also file a Form 1096 and a Form
1099-DIV with the IRS. For more
details, see the General Instructions for Certain
Information Returns and the Instructions for Form
1099-DIV.

TIP

Part III. Foreign Accounts and

Trusts
Regardless of whether you are required
to file FinCEN Form 114 (FBAR), you
may be required to file Form 8938,
Statement of Specified Foreign
Financial Assets, with your income tax
return. Failure to file Form 8938 may result in
penalties and extension of the statute of limitations.
See www.irs.gov/form8938 for more information.

TIP

Line 7aQuestion 1. Check the Yes box if at any

time during 2015 you had a financial interest in or
signature authority over a financial account located
in a foreign country. See the definitions that follow.
Check the Yes box even if you are not required to
file FinCEN Form 114, Report of Foreign Bank and
Financial Accounts (FBAR).

Financial account. A financial account includes,

but is not limited to, a securities, brokerage, savings,
demand, checking, deposit, time deposit, or other
account maintained with a financial institution (or
other person performing the services of a financial
institution). A financial account also includes a
commodity futures or options account, an insurance
policy with a cash value (such as a whole life
insurance policy), an annuity policy with a cash
value, and shares in a mutual fund or similar pooled
fund (that is, a fund that is available to the general
public with a regular net asset value determination
and regular redemptions).
Financial account located in a foreign country.
A financial account is located in a foreign country if
the account is physically located outside of the
United States. For example, an account maintained
with a branch of a United States bank that is
physically located outside of the United States is a
foreign financial account. An account maintained
with a branch of a foreign bank that is physically
located in the United States is not a foreign financial
account.
Signature authority. Signature authority is the
authority of an individual (alone or in conjunction
with another individual) to control the disposition of
assets held in a foreign financial account by direct
communication (whether in writing or otherwise) to
the bank or other financial institution that maintains
the financial account. See the FinCEN Form 114
instructions for exceptions. Do not consider the
exceptions relating to signature authority in
answering Question 1 on line 7a.
Other definitions. For definitions of financial
interest, United States, and other relevant terms,
see the instructions for FinCEN Form 114.
Line 7aQuestion 2. See FinCEN Form 114 and its
instructions to determine whether you must file the
form. Check the Yes box if you are required to file
the form; check the No box if you are not required
to file the form.
If you checked the Yes box to Question 2 on line
7a, FinCEN Form 114 must be electronically filed
with the Financial Crimes Enforcement Network
(FinCEN) at the following website: http://bsaefiling.
fincen.treas.gov/main.html. Do not attach FinCEN
Form 114 to your tax return. To be considered
timely, FinCEN Form 114 must be received by June
30, 2016.

If you are required to file FinCEN Form

114 but do not properly do so, you may
have to pay a civil penalty up to
$10,000. A person who willfully fails to
CAUTION
report an account or provide account
identifying information may be subject to a civil
penalty equal to the greater of $100,000 or 50
percent of the balance in the account at the time of
the violation. Willful violations may also be subject to
criminal penalties.
Line 7b. If you are required to file FinCEN Form 114,
enter the name of the foreign country or countries in
the space provided on line 7b. Attach a separate
statement if you need more space.
Line 8. If you received a distribution from a foreign
trust, you must provide additional information. For
this purpose, a loan of cash or marketable securities
generally is considered to be a distribution. See
Form 3520 for details.
If you were the grantor of, or transferor to, a
foreign trust that existed during 2015, you may have
to file Form 3520.
Do not attach Form 3520 to Form 1040. Instead,
file it at the address shown in its instructions.
If you were treated as the owner of a foreign trust
under the grantor trust rules, you are also
responsible for ensuring that the foreign trust files
Form 3520-A. Form 3520-A is due on March 15,
2016, for a calendar year trust. See the instructions
for Form 3520-A for more details.

Memo
Moye & Company
Mrs. Alice & Mr. Bruce Byrd
473 Revere Ave
Lowell, MA 01850

Dear, Mrs. Alice & Mr. Bruce Byrd

I am responding to you inquiry about the changes that youre making in 2015. With the
new information that was provided to me and all other things remaining the same the taxable
income and tax liability for 2015 should be:
Income

146,000

Interest (CDs)

32,000

AGI

178,000

Itemized Deduction:
Medical
Taxes Income

9,000
14,800

Mortgage Interest

8,700

Charity

5,350

Property Tax

10,100

(47,950)
130,050

Personal Exemption

(15,800)

Taxable Income

114,250

Tax

6,050

Less: Withholdings (Federal)

(10,800)

Net taxable Payable

4,750

Form

2106-EZ

Department of the Treasury

Internal Revenue Service (99)
Your name

OMB No. 1545-0074

Unreimbursed Employee Business Expenses

2014

Attach to Form 1040 or Form 1040NR.

Information about Form 2106 and its separate instructions is available at www.irs.gov/form2106.

Attachment
Sequence No.
Social security number

Occupation in which you incurred expenses

Alice J. Byrd

Office Manager

111

11

129A
1111

You Can Use This Form Only if All of the Following Apply.
You are an employee deducting ordinary and necessary expenses attributable to your job. An ordinary expense is one that is
common and accepted in your field of trade, business, or profession. A necessary expense is one that is helpful and appropriate for
your business. An expense does not have to be required to be considered necessary.
You do not get reimbursed by your employer for any expenses (amounts your employer included in box 1 of your Form W-2 are not
considered reimbursements for this purpose).
If you are claiming vehicle expense, you are using the standard mileage rate for 2014.
Caution: You can use the standard mileage rate for 2014 only if: (a) you owned the vehicle and used the standard mileage rate for the first year
you placed the vehicle in service, or (b) you leased the vehicle and used the standard mileage rate for the portion of the lease period after 1997.

Part I

Figure Your Expenses

Complete Part II. Multiply line 8a by 56 (.56). Enter the result here .

Parking fees, tolls, and transportation, including train, bus, etc., that did not involve overnight
travel or commuting to and from work . . . . . . . . . . . . . . . . . . .

Travel expense while away from home overnight, including lodging, airplane, car rental, etc. Do
not include meals and entertainment . . . . . . . . . . . . . . . . . . . .

Business expenses not included on lines 1 through 3. Do not include meals and
entertainment . . . . . . . . . . . . . . . . . . . . . . . . . . .

Meals and entertainment expenses: $

50% (.50). (Employees subject to
Department of Transportation (DOT) hours of service limits: Multiply meal expenses incurred
while away from home on business by 80% (.80) instead of 50%. For details, see instructions.)

Total expenses. Add lines 1 through 5. Enter here and on Schedule A (Form 1040), line 21 (or
on Schedule A (Form 1040NR), line 7). (Armed Forces reservists, fee-basis state or local
government officials, qualified performing artists, and individuals with disabilities: See the
instructions for special rules on where to enter this amount.) . . . . . . . . . . . .

Part II

2,557

2,557

Information on Your Vehicle. Complete this part only if you are claiming vehicle expense on line 1.

When did you place your vehicle in service for business use? (month, day, year)

Of the total number of miles you drove your vehicle during 2014, enter the number of miles you used your vehicle for:

Business

b Commuting (see instructions)

Other

Yes

No

10

Do you (or your spouse) have another vehicle available for personal use? .

Yes

No

11a

Do you have evidence to support your deduction?

Yes

No

Yes

No

Was your vehicle available for personal use during off-duty hours? .

b If Yes, is the evidence written? .

For Paperwork Reduction Act Notice, see your tax return instructions.

Cat. No. 20604Q

Form 2106-EZ (2014)

[This Page Left Intentionally Blank]

Page 3

Form 2106-EZ (2014)

Instructions for
Form 2106-EZ
Section references are to the Internal
Revenue Code.

Whats New
Standard mileage rate. The 2014 rate for
business use of your vehicle is 56 cents a
mile.

Purpose of Form
You can use Form 2106-EZ instead of
Form 2106 to claim your unreimbursed
employee business expenses if you meet
all the requirements listed above Part I of
the form.

Recordkeeping
You cannot deduct expenses for travel
(including meals, unless you used the
standard meal allowance), entertainment,
gifts, or use of a car or other listed
property, unless you keep records to prove
the time, place, business purpose,
business relationship (for entertainment
and gifts), and amounts of these expenses.
Generally, you must also have receipts for
all lodging expenses (regardless of the
amount) and any other expense of $75 or
more.

Additional Information
For more details about employee business
expenses, see:
Pub. 463, Travel, Entertainment, Gift, and
Car Expenses
Pub. 529, Miscellaneous Deductions
Pub. 587, Business Use of Your Home
(Including Use by Daycare Providers)
Pub. 946, How To Depreciate Property

Specific Instructions
Part IFigure Your
Expenses
Line 2. See the line 8b instructions for the
definition of commuting.
Line 3. Enter lodging and transportation
expenses connected with overnight travel
away from your tax home (defined on this
page). You generally cannot deduct
expenses for travel away from your tax
home for any period of temporary
employment of more than 1 year. Do not
include expenses for meals and
entertainment on this line. For more details,
including limits, see Pub. 463.
If you did not pay or incur meal expenses
on a day you were traveling away from your
tax home, you can use an optional method
for deducting incidental expenses instead
of keeping records of your actual incidental
expenses. The amount of the deduction is
$5 a day. The term "incidental expenses"
means fees and tips given to porters,
baggage carriers, hotel staff, and staff on
ships. It does not include expenses for
laundry, cleaning and pressing of clothing,
lodging taxes, costs of telegrams or

telephone calls, transportation between

places of lodging or business and places
where meals are taken, or the mailing cost
of filing travel vouchers and paying
employer-sponsored charge card billings.
You cannot use this method on any day
that you use the standard meal allowance
(as explained in the instructions for line 5).
Tax home. Generally, your tax home is
your regular or main place of business or
post of duty regardless of where you
maintain your family home. If you do not
have a regular or main place of business
because of the nature of your work, then
your tax home may be the place where you
regularly live. If you do not fit in either of
these categories, you are considered an
itinerant and your tax home is wherever
you work. As an itinerant, you are never
away from home and cannot claim a travel
expense deduction. For more information
about determining your tax home, see Pub.
463.
Line 4. Enter other job-related expenses
not listed on any other line of this form.
Include expenses for business gifts,
education (tuition, fees, and books), home
office, trade publications, etc. For details,
including limits, see Pub. 463 and Pub.
529.
If you are deducting home office
expenses, see Pub. 587 for special
instructions on how to report these
expenses.
If you are deducting depreciation or
claiming a section 179 deduction, see
Form 4562, Depreciation and Amortization,
to figure the depreciation and section 179
deduction to enter on line 4.
Do not include on line 4 any (a) educator
expenses you deducted on Form 1040, line
23, or Form 1040NR, line 24, or (b) any
tuition and fees you deducted on Form
1040, line 34.

TIP

You may be able to take a credit

for your educational expenses
instead of a deduction. See

Form 8863, Education Credits, for details.

Do not include expenses for meals and

entertainment, taxes, or interest on line 4.
Deductible taxes are entered on Schedule
A (Form 1040), lines 5 through 9; Schedule
A (Form 1040NR), line 1. Employees cannot
deduct car loan interest.
Note. If line 4 is your only entry, do not
complete Form 2106-EZ unless you are
claiming:
Expenses for performing your job as a
fee-basis state or local government official,
Performing-arts-related business
expenses as a qualified performing artist,
or
Impairment-related work expenses as an
individual with a disability.

See the line 6 instructions, below, for

definitions. If you are not required to file
Form 2106-EZ, enter your expenses
directly on Schedule A (Form 1040), line 21
(or on Schedule A (Form 1040NR), line 7).
Line 5. Generally, you can deduct only
50% of your business meal and
entertainment expenses, including meals
incurred while away from home on
business. If you were an employee subject
to the DOT hours of service limits, that
percentage is 80% for business meals
consumed during, or incident to, any
period of duty for which those limits are in
effect.
Employees subject to the DOT hours of
service limits include certain air
transportation employees, such as pilots,
crew, dispatchers, mechanics, and control
tower operators; interstate truck operators
and interstate bus drivers; certain railroad
employees, such as engineers, conductors,
train crews, dispatchers, and control
operations personnel; and certain
merchant mariners.
Instead of actual cost, you may be able
to claim the standard meal allowance for
your daily meals and incidental expenses
(M&IE) while away from your tax home
overnight. Under this method, instead of
keeping records of your actual meal
expenses, you deduct a specified amount,
depending on where you travel. However,
you must still keep records to prove the
time, place, and business purpose of your
travel.
The standard meal allowance is the
federal M&IE rate. For most small localities
in the United States, this rate is $46 a day.
Most major cities and many other localities
in the United States qualify for higher rates.
You can find these rates at www.gsa.gov/
perdiem.
For locations outside the continental
United States, the applicable rates are
published each month. You can find these
rates at www.state.gov/travel/ and select
the option for Foreign Per Diem Rates.
See Pub. 463 for details on how to figure
your deduction using the standard meal
allowance, including special rules for partial
days of travel and for transportation
workers.
Line 6. If you are one of the individuals
discussed below, special rules apply to
deducting your employee business
expenses.
Ministers. Before entering your total
expenses on line 6, you must reduce them
by the amount allocable to your tax-free
allowance(s). See Pub. 517 for more
information.
Armed Forces reservist (member of a
reserve component). You are a member
of a reserve component of the Armed
Forces of the United States if you are in the
Army, Navy, Marine Corps, Air Force, or
Coast Guard Reserve; the Army National

Guard of the United States; the Air

National Guard of the United States; or
the Reserve Corps of the Public Health
Service.

Page 4

Form 2106-EZ (2014)

If you qualify, complete Form 2106-EZ

and include the part of the line 6 amount
attributable to the expenses for travel
more than 100 miles away from home in
connection with your performance of
services as a member of the reserves on
Form 1040, line 24, and attach Form
2106-EZ to your return. The amount of
expenses you can deduct on Form 1040,
line 24, is limited to the regular federal
per diem rate (for lodging, meals, and
incidental expenses) and the standard
mileage rate (for car expenses), plus any
parking fees, ferry fees, and tolls. These
reserve-related travel expenses are
deductible whether or not you itemize
deductions. Enter the remaining
expenses from line 6 on Schedule A
(Form 1040), line 21. See Pub. 463 for
more information.
Fee-basis state or local government
official. You are a qualifying fee-basis
official if you are employed by a state or
political subdivision of a state and are
compensated, in whole or part, on a fee
basis.
If you qualify, include the part of the
line 6 amount attributable to expenses
you incurred for services performed in
that job in the total on Form 1040, line
24, and attach Form 2106-EZ to your
return. These employee business
expenses are deductible whether or not
you itemize deductions. Enter the
remaining expenses from line 6 on
Schedule A (Form 1040), line 21.
Qualified performing artist. You are
a qualified performing artist if you:
1. Performed services in the
performing arts as an employee for at
least two employers during the tax year,
2. Received at least $200 each from
any two of these employers,
3. Had allowable business expenses
attributable to the performing arts of
more than 10% of gross income from
the performing arts, and
4. Had adjusted gross income of
$16,000 or less before deducting
expenses as a performing artist.

In addition, if you are married, you

must file a joint return unless you lived
apart from your spouse for all of 2014. If
you file a joint return, you must figure
requirements (1), (2), and (3) separately
for both you and your spouse. However,
requirement (4) applies to the combined
adjusted gross income of both you and
your spouse.
If you meet all of the above
requirements, include the part of the line
6 amount attributable to performing-artsrelated expenses in the total on Form
1040, line 24 (or on Form 1040NR, line
35), and attach Form 2106-EZ to your
return. Your performing-arts-related
business expenses are deductible
whether or not you itemize deductions.
Enter the remaining expenses from line 6
on Schedule A (Form 1040), line 21 (or
on Schedule A (Form 1040NR), line 7).
Disabled employee with
impairment-related work expenses.
Impairment-related work expenses are
the allowable expenses of an individual
with physical or mental disabilities for
attendant care at his or her place of
employment. They also include other
expenses in connection with the place of
employment that enable the employee to
work. See Pub. 463 for details.
If you qualify, enter the part of the line
6 amount attributable to impairmentrelated work expenses on Schedule A
(Form 1040), line 28 (or on Schedule A
(Form 1040NR), line 14). These expenses
are not subject to the 2% limit that
applies to most other employee business
expenses. Enter the remaining expenses
from line 6 on Schedule A (Form 1040),
line 21 (or on Schedule A (Form
1040NR), line 7).

Part IIInformation on Your

Vehicle
If you claim vehicle expense, you must
provide certain information on the use of
your vehicle by completing Part II.
Include an attachment listing the
information requested in Part II for any
additional vehicles you used for business
during the year.

Line 7. The date placed in service is

generally the date you first start using
your vehicle. However, if you first start
using your vehicle for personal use and
later convert it to business use, the
vehicle is treated as placed in service on
the date you started using it for
business.
Line 8a. Do not include commuting
miles on this line; commuting miles are
not considered business miles. See the
definition of commuting under Line 8b.
Line 8b. If you do not know the total
actual miles you used your vehicle for
commuting during the year, figure the
amount to enter on line 8b by multiplying
the number of days during the year that
you used your vehicle for commuting by
the average daily roundtrip commuting
distance in miles. However, if you
converted your vehicle during the year
from personal to business use (or vice
versa), enter your commuting miles only
for the period you drove your vehicle for
business.
Generally, commuting is travel
between your home and a work location.
However, travel that meets any of the
following conditions is not commuting.
You have at least one regular work
location away from your home and the
travel is to a temporary work location in
the same trade or business, regardless
of the distance. Generally, a temporary
work location is one where your
employment is expected to last 1 year or
less. See Pub. 463 for details.
The travel is to a temporary work
location outside the metropolitan area
where you live and normally work.
Your home is your principal place of
business under section 280A(c)(1)(A) (for
purposes of deducting expenses for
business use of your home) and the
travel is to another work location in the
same trade or business, regardless of
whether that location is regular or
temporary and regardless of distance.