’08 tax forms are now available

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Posted on Mar 29 2008
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The Division of Revenue and Taxation said Friday that the 2008 tax forms for individual filers are now available on the Department of Finance website, http://cnmidof.net, and at their office in the Joeten DanDan Commercial Center. The general rule for which type of income tax return to use are as follows:

1. U.S. (US), CNMI (MP), and Guam (GU) citizens, bona fide residents to the CNMI and resident aliens meeting the green card or substantial presence test use the following forms as appropriate.

-Form 1040EZ-CM

-Form 1040A-CM

-Form 1040CM

2. Nonresident aliens use Form 1040NR-CM. You are a nonresident alien if you are not a U.S. green card holder (granted immigration status as lawful permanent resident of the United States) or you do not meet the substantial presence test (required number of days physically present in the CNMI in 2005 through 2007). Refer to the 1040NR for more guidance or consult a tax professional.

3. File Form 1040NMI. If you are not required to file an income tax return (items 1 or 2) and have wages and other income subject to earning tax in 2007.

The Division also said that self-service filing for the 1040EZ-CM will be made available beginning Friday, April 4, 2008, from 8am to 3:30pm, and every Monday through Friday at the Taxpayer Assistance Section at the Compliance Branch Section. This self-service filing allows individuals whose filing status and type of income qualifies to use a 1040EZ-CM to enter their information into the computer system and have a physical copy of their tax return printed at a minimal cost of $5. The fee is to recover the administrative cost of providing this service to the general public.

To utilize this service, bring with you a copy or copies (if you worked for more than one employer in 2007) of your W2-CM, any interest income statement or Form 1099-Int from a financial institution, your social security card, and a picture ID. If you are married and filing jointly a Form 140EZ-CM, both spouses must be present to file their return.

If you have any questions, call 664-1000, 1040, 1043, 1044, or 1018. [B][I](DoF)[/I][/B]

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