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Federal Free Printable 2020 Form 5074 for 2021 Federal Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands (CNMI)

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Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands (CNMI)
2020 Form 5074

Form 5074 Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands (CNMI) Department of the Treasury Internal Revenue Service ▶ Go to www.irs.gov/Form5074 for the latest information. ▶ Attach to Form 1040 or 1040-SR. Your social security number Income From Guam or the CNMI Reported on Form 1040, 1040-SR, or Schedule 1 (Form 1040), Part I Guam 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Wages, salaries, tips, etc. . . . . . . . . . . . . . . . . Taxable interest . . . . . . . . . . . . . . . . . . . Ordinary dividends . . . . . . . . . . . . . . . . . . Taxable refunds, credits, or offsets of local Guam or CNMI income taxes Alimony received . . . . . . . . . . . . . . . . . . . Business income or (loss) . . . . . . . . . . . . . . . . Capital gain or (loss) . . . . . . . . . . . . . . . . . . Other gains or (losses) . . . . . . . . . . . . . . . . . IRA distributions (taxable amount) . . . . . . . . . . . . . Pensions and annuities (taxable amount) . . . . . . . . . . . Rental real estate, royalties, partnerships, S corporations, trusts, etc. . . Farm income or (loss) . . . . . . . . . . . . . . . . . Unemployment compensation . . . . . . . . . . . . . . Social security benefits (taxable amount) . . . . . . . . . . . Other income. List type and amount ▶ Total income. Add lines 1 through 15 . . . . . . . . . . . . Part II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶ CNMI 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Adjustments to Income From Guam or the CNMI Reported on Form 1040, 1040-SR, or Schedule 1 (Form 1040), Part II 17 Educator expenses . . . . . . . . . . . . . . . . . . . . . . 18 Certain business expenses of reservists, performing artists, and fee-basis government officials . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Health savings account deduction . . . . . . . . . . . . . . . . . 20 Moving expenses for members of the armed forces . . . . . . . . . . . 21 Deductible part of self-employment tax . . . . . . . . . . . . . . . 22 Self-employed SEP, SIMPLE, and qualified plans . . . . . . . . . . . . 23 Self-employed health insurance deduction . . . . . . . . . . . . . . 24 Penalty on early withdrawal of savings . . . . . . . . . . . . . . . . 25 IRA deduction . . . . . . . . . . . . . . . . . . . . . . . . 26 Student loan interest deduction . . . . . . . . . . . . . . . . . . 27 Tuition and fees deduction. See instructions . . . . . . . . . . . . . . 28 Charitable contributions. See instructions . . . . . . . . . . . . . . . 29 Add lines 17 through 28 . . . . . . . . . . . . . . . . . . . . . 30 Adjusted gross income. Subtract line 29 from line 16 . . . . . . . . . ▶ Part III 2020 Attachment Sequence No. 168 Name(s) shown on Form 1040 or 1040-SR Part I OMB No. 1545-0074 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Payments of Income Tax to Guam or the CNMI 31 Payments on estimated tax return filed with Guam or the CNMI . . . . . . . 32 Income tax withheld from your wages while employed by the U.S. Government as a civilian in Guam or the CNMI . . . . . . . . . . . . . . . . . . . 33 Income tax withheld from your wages while employed as a member of the U.S. Armed Forces in Guam or the CNMI . . . . . . . . . . . . . . . 34 Income tax withheld from your wages earned in Guam or the CNMI other than amounts on lines 31 through 33 . . . . . . . . . . . . . . . . . . 35 Total payments. Add lines 31 through 34 . . . . . . . . . . . . . . ▶ For Paperwork Reduction Act Notice, see the Instructions for Forms 1040 and 1040-SR. 31 32 33 34 35 Cat. No. 42243X Form 5074 (2020) [This page left blank intentionally] Page 3 Form 5074 (2020) Section references are to the Internal Revenue Code unless otherwise noted. Future Developments For the latest information about developments related to Form 5074 and its instructions, such as legislation enacted after they were published, go to www.irs.gov/Form5074. What’s New For tax years beginning in 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act allows a partial deduction for charitable contributions. See the instructions for line 28, Charitable contributions, later. Instructions Purpose of form. Form 5074 provides information to the United States so the IRS can figure the individual income tax that is due to Guam or the CNMI. Who must file. If you were a U.S. citizen or resident alien (other than a bona fide resident of Guam or the CNMI), you may need to file Form 5074. Complete this form if all of the following apply to you (and to your spouse if filing a joint return). • You file a U.S. income tax return. • You report adjusted gross income (AGI) of $50,000 or more. • At least $5,000 of the gross income on your return is from either Guam or CNMI sources. Joint returns. If you file jointly and only one spouse is a bona fide resident of Guam or the CNMI for the entire tax year, the resident status for both spouses and subsequent tax treatment is determined by the spouse with the higher AGI (disregarding community property laws). File Form 5074 only if the spouse with the higher AGI is not a bona fide resident of Guam or the CNMI for the entire tax year. Where to file. If you are not enclosing a check or money order, file your Form 1040 or 1040-SR (including Form 5074) with the Department of the Treasury, Internal Revenue Service Center, Austin, TX 73301-0215 USA. If you are including a check or money order, file your return with the Internal Revenue Service, P.O. Box 1303, Charlotte, NC 28201-1303 USA. Amended returns. Send your Form 1040-X to the IRS at the address in the Instructions for Form 1040-X. Additional information. Pub. 570 has more information and an example of how to complete Form 5074. To get Pub. 570, see How To Get Tax Help in the Instructions for Forms 1040 and 1040-SR. Part I—Income From Guam or the CNMI Reported on Form 1040, 1040-SR, or Schedule 1 (Form 1040), Part I Note: See Schedule 1 (Form 1040), Part I, for additional income from Guam or the CNMI not reported on Form 1040 or 1040-SR, page 1. Source of income. The rules for determining the source of income are explained in sections 861 through 865 and section 937, Regulations section 1.937-2, and chapter 2 of Pub. 570. Some general rules are: • The source of wages, salaries, or tips is generally where the services are performed. If you worked both in and outside Guam or the CNMI, include on line 1 only wages, salaries, or tips earned while you were in Guam or the CNMI. However, certain income earned while temporarily performing services in Guam or the CNMI will not be considered income from Guam or the CNMI. De minimis exception. This is an exception to the general rule for determining the source of income earned in Guam or the CNMI. Generally, income from Guam or the CNMI does not include compensation for services performed in Guam or the CNMI if during 2020 you: • Were a U.S. citizen or resident; • Were not a bona fide resident of Guam or the CNMI; • Were not employed by or under contract with an individual, partnership, or corporation that is engaged in a trade or business in Guam or the CNMI; • Temporarily performed services in Guam or the CNMI for 90 days or less; and • Earned $3,000 or less from such services. Active duty U.S. Armed Forces. If you are a bona fide resident of Guam or the CNMI and are stationed outside your territory of residence, your military compensation will be sourced in Guam or the CNMI, as applicable, under the Servicemembers Civil Relief Act (SCRA). If you are not a bona fide resident of one of those territories but perform services in one of them, however, your military compensation will not be sourced there. For further details, see Pub. 570. Military spouses. If you are the civilian spouse of a member of the U.S. Armed Forces, work in Guam or the CNMI, and retain a residence or domicile in one of the 50 states or the District of Columbia under the Military Spouses Residency Relief Act (MSRRA), your wages, salaries, tips, and self-employment income will not be considered income from Guam or the CNMI. Under MSRRA, the military spouse must be in Guam or the CNMI solely to be with his/her servicemember spouse who is serving in compliance with military orders. For details on MSRRA, see Pub. 570. • The source of interest income is generally where the payer is located. For example, Guam or CNMI source income includes interest from a certificate of deposit issued by a bank or branch of a U.S. bank in Guam or the CNMI. • Generally, dividends are sourced where the paying corporation is created or organized. • Taxable refunds, credits, or offsets of local Guam or CNMI income taxes only include nonmirror code income taxes. • Alimony received from a person who is a bona fide resident of Guam or the CNMI is sourced in that specific territory. • Except as provided in regulations, income that is from sources within the United States or effectively connected with the conduct of a trade or business in the United States is not income from Guam or the CNMI. • The source of gains, profits, or income from the sale or disposition of real property (and any interest in real property) is generally where the real property is located. Personal property. The source of income from the sale of nondepreciable personal property is generally the seller’s residence. For example, if you are a bona fide resident of Guam or the CNMI, gain from the sale or disposition of personal property is generally from sources within Guam or the CNMI. Income from the sale of inventory is generally sourced where the title to the property passes. See section 865 for details. Special rules may apply to bona fide residents of U.S. territories who have gain from dispositions of certain investment property within the 10-year period CAUTION beginning when they became a bona fide resident. For details, see Special Rules for Gains From Dispositions of Certain Property, in chapter 2 of Pub. 570, Regulations section 1.937-2(f)(1), and Examples 1 and 2 of section 1.937-2(k). ! ▲ Page 4 Form 5074 (2020) Part II—Adjustments to Income From Guam or the CNMI Reported on Form 1040, 1040-SR, or Schedule 1 (Form 1040), Part II Note: See Form 1040 or 1040-SR, page 1, or Schedule 1 (Form 1040), Part II, for adjustments to income from Guam or the CNMI. Line 20. For tax years beginning after December 31, 2017, and before January 1, 2026, a moving expense deduction is only allowed for a member of the U.S. Armed Forces who moves pursuant to a military order and incident to a permanent change of station. Lines 21 through 23. If you had Guam or CNMI source selfemployment income, figure the amount to enter on each line by (1) dividing your Guam or CNMI source self-employment income by your total (worldwide) self-employment income, and (2) multiplying the total amount of each deduction that applies to you by the result in (1). Line 24. Enter the amount of penalty on early withdrawals from savings accounts in banks or branches of U.S. banks located in Guam or the CNMI. The Form 1099-INT or Form 1099-OID you received will show the amount of any penalty you were charged. Line 25. Enter the total of your and your spouse’s IRA deductions attributable to Guam or CNMI compensation or earned income. Figure the amount to report on line 25 by (1) dividing your Guam or CNMI compensation or earned income by your total (worldwide) compensation or earned income, and (2) multiplying the amount of your IRA deduction by the result in (1). Figure the amount of your spouse’s IRA deduction the same way. Line 27. Tuition and fees deduction. Enter the total of your tuition and fees deduction from Schedule 1 (Form 1040), line 21, attributable to your Guam or CNMI income. Figure the amount to report on line 27 by (1) dividing your Guam or CNMI income by your total (worldwide) income, and (2) multiplying the amount of your tuition and fees deduction by the result in (1). Note: The tuition and fees deduction that had expired on December 31, 2017, has been extended for tax years 2018, 2019, and 2020. If you are now eligible to take the deduction for a prior year, you can file an amended tax return with the IRS using Form 1040-X. For more information, go to www.irs.gov/ Form1040X. Also, see Amended returns, earlier. Line 28. Charitable contributions. Enter the total of your charitable contributions from Form 1040 or 1040-SR, line 10b, attributable to either your Guam or CNMI source income. Figure the amount to report on line 28 by (1) dividing your Guam or CNMI income by your total (worldwide) income, and (2) multiplying the amount of your charitable contributions by the result in (1). Line 29. Include in the total on line 29 the amount of any other deductions included on Schedule 1 (Form 1040), line 22, that are attributable to your Guam or CNMI income. On the dotted line next to line 29, enter the amount of each deduction attributable to your Guam or CNMI income and identify it as you did on Schedule 1 (Form 1040), line 22. If you or your spouse had an Archer Medical Savings Account deduction on Schedule 1 (Form 1040), line 22, figure the amount to report on line 29 in the same way as you would an IRA deduction (see Line 25, earlier). Line 30. Adjusted gross income from worldwide sources is reported on Form 1040 or 1040-SR, line 11. Penalty for Failure To Furnish Information If you became or ceased to be a bona fide resident of a U.S. territory, you may be required to file Form 8898, Statement for Individuals Who Begin or End Bona Fide Residence in a U.S. Possession. If you fail to provide the required information, you may have to pay a $1,000 penalty for each failure unless you can show the failure was due to reasonable cause and not willful neglect. This penalty is in addition to any criminal penalty provided by law. For details, see the Instructions for Form 8898.
Extracted from PDF file 2020-federal-form-5074.pdf, last modified October 2020

More about the Federal Form 5074 Other TY 2020

We last updated the Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands (CNMI) in January 2021, so this is the latest version of Form 5074, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form 5074 directly from TaxFormFinder. You can print other Federal tax forms here.

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Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 5074 from the Internal Revenue Service in January 2021.

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Historical Past-Year Versions of Federal Form 5074

We have a total of ten past-year versions of Form 5074 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Form 5074

2020 Form 5074

2019 Form 5074

2019 Form 5074

2018 Form 5074

2018 Form 5074

2017 Form 5074

2016 Form 5074

2016 Form 5074

2016 Form 5074

Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands (CNMI) 2015 Form 5074

2015 Form 5074

Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands (CNMI) 2014 Form 5074

2014 Form 5074

Allocation of individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands (CNMI) 2013 Form 5074

2013 Form 5074

Allocation of individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands (CNMI) 2012 Form 5074

2012 Form 5074

Allocation of individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands (CNMI) 2011 Form 5074

2011 Form 5074


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