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Form 8853 for Brownsville Texas: What You Should Know
This may be a lump sum or installment payments. Your employer should send you Form 8853 to allow you to receive tax deductions for your contributions and payments. If the payment is an installment, it should be deposited to a savings account at the end of the month to which the payment relates. Report it on Form 1040, line 7 as “Sons' College Trust Fund.” If you contributed to a group plan that was terminated or suspended, you can file your return for the year or years in which you contributed. If you were an inactive participant in your Archer MSA, you must file a form at the end of the month in which you made the contributions. Do not take your payment at the end of month as a deduction. This can cause you to pay tax penalties. • A payment from an Archer MSA was made to provide cash to a qualified health plan to cover an individual's health care; or • You received a payment from an Archer MSA for which you paid insurance premiums. The payment should be reported on Form 8853 or Form 1095 reporting any distributions from the plan. Your employer must mail it to you with a notice that you may not deduct the payment. ▷ Attach to Form 1040, line 7a or line 7b for Form 1095, line 8a for Form 1040. OMB No. . 2021. • Complete the application and attached instructions, and submit them to the State Division, Office of the State Tax Commissioner, P.O. Box 81007, Austin, Texas 78. Do not file a duplicate return. The information on your Form 8853 must be correct. You cannot use multiple Form 8853's for the same taxpayer. Don't send Form 8853. Do not send Form 8854. Do not report Form 8857, Social Security Number and Taxpayer Identification Number. It is not necessary to report the amount you paid or the date the payment became due. The information on your Form 8853 and tax return must be identical. The state of Texas cannot accept Form 8859/8863 either. However, you will have to file a return for the year or years in which you made the payments. Your employer can send you Form 1095, the form you would have filed if the payments were non-cash. This form includes information that is different from what is in the Form 8853.
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