European Stars and Stripes (Newspaper) - January 22, 1992, Darmstadt, Hesse                                Its the same old tax game in �?T92, except for Gulf War vet by David Tarrant staff writer with the Gulf War and the breakup the soviet Union 1991 will go Down As the year of change a except Lor taxes. There in t much new about Federal taxes this year and what there is reflects adjustments for inflation. However there Are some special tax provisions that apply to desert shield and desert storm personnel. Under the complicated guidelines am one w to served in the combat zone after Jan. I 7 will not have to file a tax return until at least six months alter their return from the War zone. They also May Quality Lor a longer Extension based on the amount of time they spent in the Region. The filing extensions actually alter t i 990 As Well As i 991 tax returns. Jerry Shiles r Hief of the 2 i St Taa m Legal assistance division said some veterans who spent most of 1 99 i in the War zone still have extensions for filing their i 990 tax returns As Well As their i 99 i returns. A most of the people Are presumed to have Lell the combat zone by june to the Date by which the bulk of . Forces had left the Region he said but anyone who staved alter Une 10 should Attar h a note to their tax lorm Intuit rating w Hen Thev left the zone or said. Quot Over Here we be still got a lot who left later Quot than Stine to also anyone hospitalized her Ause of in Wai has at least six months alter Thev gel Bat k on a Lute plus additional time based on the length of then hospitalization. Servit e Pav earner by an enlisted person in the combat zone after the War started Ian. 1 is lax exempt As is $500 a month earned by an Ollir or Marcia Shelton the taxpayer services spin la list with the internal Revenue Servit e Ottine in Honn. Germany said no special forms or bar Kup material such As travel orders Are needed bet arise the w-2 wage and  statement issuer by the government will show Only income that is taxable Quot the w-2 will Settle the Issue of what is anti what is not taxable Quot Shiles said but to or on the Sale Side people should also compare the we with other forms Sui h is their leave anti earnings statements to be sure the proper amount of in ome or taxes was ext Lurk a he said. People filing lax returns under the i Esert storm guidelines should be aware that if they Art due a refund they Art entitled to interest on it i Lov Vever if they owe Money they will not be r barged interest Shiles sail. Additionally to help the irs prot Ess these returns schedules and forms from a to a \ the search for simplicity is leading More and More taxpayers to file the single Page form 1040ez. That is not a Wise Choice for Many taxpayers who could save Money by filing form 1040a or the Long form 1040. Here Are the Basic rules 1040ez Only for single taxpayers who Are neither Blind nor past their 65th birthday and had taxable income after subtracting the Standard deduction and the $2,050 exemption of less than $50,000. All the income except up to $400 of interest must have been from wages tips or taxable scholarships. 1040a for any filing status same income ceiling As 1040ez except you May include interest and dividends up to the $50,000 limit and unemployment compensation. You May use 1040a and still claim an individual retirement account deduction the child care credit or the earned income credit. 1040 any taxpayer May use it. There Are no supplemental forms and schedules for 1040ez. The 1040a uses Only schedule 1, for interest dividends and the child care credit. Here Are some of the most widely used forms and schedules to accompany 1040. If they Are not included in your tax instructions they probably Are available from unit tax advisers or military Community Legal assistance offices schedule c to report profit or loss from your business. Schedule d for capital gains and losses. Schedule e for rent royalties and partnership income and expenses schedule f for farm income and expenses. Schedule r for claiming the credit for elderly or disabled. Schedule be to calculate social Security self employment tax schedule Etc for earned income credit form 2106 for employee business expenses. Form 2119 to report the Sale of your Home. Form 3903 for Job related moving expenses. Form 4868 to get an automatic four month Extension for time to file your return but  pay any tax owed. Form 8283 to list non Cash charitable contributions that total More than $500 form 8606 to report non deductible contributions to an Ira and to calculate what portion of any Ira withdrawal is taxable. Form 8615 for calculating the kiddie tax Quot on children under age 14 with investment income of More than $1,000. Jerry Shiles l  Tux Aveis should Wii to Quot by m in storm with a led or Green Lell Marker pen on the top of their tax return Ami on the outside of then tax envelope Shiles said other important changes alter Ting lax paves Standard deduction. Ibis is a Lump sum Dequi Tion  ledges the amount of in ome Subj i i to taxation it Vou do not itemize oui Dequi lion on estimated m pen ent of us do not i he Standard deduct lion has been ii teased to rot Leet in Lalion. I of t �?~9 1 tax returns that Dequi Tion comes to s 1 -100 Tor a single person up $ 100 $5, 0 Loi a i couple up $5001 filing a out Etuin $5,000 Loi a qualified  of household and 5 2,850 Lor a married pet son tiling a sep aisle Leluti n i he Dequi Lions Aie Large Lor a Poison it a i of older of Blind and it an be smaller lot dependents higher exemption amount. I or i 99 i Vou Are allowed a a i my Dequi lion lot  h exemption von i Init lion in ome sub i i to taxation up from  Iasi Var in i is i ases a tax Pav i is allowed to take As exemptions himself or herself a Spiese and each dependent i Hill. Tax rates. A year ago the top tax Rale was i i pen ent nowt is t1 Peri ent. Ihetu Solhei tax brai Kels Art i 5 Peri ent and 28 pen ent. I however the top rate on i capital gains or pro Lils trom the Sale of investments is Only 28 pen ent. The tax  sets arc supposedly adjusted Eai h year so that a i Ost of i veg pay raise will not nudge you into a higher brai Kel personal interest. You i an no longer Dequi t personal interest Whit h in Ludes interest on Sui h things As Auto Loans i Redit i arils and personal Loans this should i ome As no Surprise however Sini e this Dequi Tion has been gradually phased out Sun e 1 987, and last year i Consumers i Kulil Only Dequi i it portent of then personal interest these Reslau turns do not allot i borrowing Lor a Home mortgage social set Unity cards. Any i ind at least i year old at the end of i 991 who is i Laimei As a dependent must have a Soi Ial set Unity number. Apply Lor a number by filing i orm ss-5 with the 5m Ial set Unity administration. 1 ast year the Rule applied to i Auldren who were at least 2 years old. Ther filing reminders trom the irs form w-2. You should get your lorm Vav a i ailed the wage and lax statement trom your employer by Jan 1 i it not t Hei k Bai k with your employer tax return preparers. I veil it you pay someone to prepare your lax return you Are still responsible for the Ai i  y of every item on your tax Toon the restore you should i Uri Tully i House a lax prep urn who Lully understands the tax system fast return. It you want that Money last you should i insider tiling Elei Tronu ally instead of mailing it to the iks when you tile Elei Tronu ally you will get you refund in about three weeks you i Ould get it even taster it you have the refund deposited dire Fly in your Bank Ai i omit. In Europe some military Legal assistant e Oulu is a Well As private preparers Are it Rolt is my . Returns m this  on tax equals Aid wednesday january 22, 1992 the stars and stripes tax guide