#Occupation on tax form if unemployed series#

I didn’t know about it until after the fact, I would have corrected him. My husband listed my occupation as mother on our taxes last year LOL. The registrar should explain that it is not an occupation in the sense of profession, employment, business or calling and there is no requirement for it to be entered in the register, so the field could be left empty. I just mark unemployed or other if I have to check a box and stay at home parent if I can write it in. The bill aims to set fixed amounts of compensation and halt the practice of settling whiplash claims without medical evidence, he says. The term housewife is fairly frequently given by informants as an occupation. This week, the justice secretary, David Gauke, unveiled plans to introduce the Civil Liability Bill through the House of Lords, which will set out changes to the way these claims are calculated and paid.

It’s worth taking your time.”Ĭar insurance premiums are set to fall by £35 a year after the government announced measures to curb the high number of whiplash claims. That can mean trying alternatives to find the one that best matches your situation, instead of plumping for whatever seems most obvious. If unemployed for the entire year use 'unemployed'. The 1040-SR has a larger font and different colors for visibility, as well as. The differences between the 1040-SR and the standard 1040 have to do with the appearance of the form. Enter the Occupation that earned the income you are reporting on your 2014 return. A 1040-SR tax form does the same thing as a standard 1040 tax form, it reports identifiable information, income, tax credit eligibility and tax liability to the IRS. Kevin Pratt, consumer affairs expert at MoneySuperMarket, says: “To get the best cover, at the best price, you have to choose the most accurate answer at every stage. The IRS is not picky at all about the 'Occupation' field. In each case, all other factors were the same. Any of these NRAs who earn money in the United States, however, need to file taxes on that income with the form 1040NR. And calling yourself a “student” rather than an “apprentice” could save 13%, or £181. If you are retired, but put yourself down on your renewal as a housewife/home keeper, this may well add 6%. It’s the same for stay-at-home parents: if ticking “unemployed” instead of “housewife” or “home keeper” option, applicants could see their costs rise by 26%. Retirees who do the same may have to cough up an additional 37%, it found. MoneySuperMarket says students and retired people who mistakenly describe themselves as “unemployed” have the most to lose – potentially up to £700 a year in the worst cases.

#Occupation on tax form if unemployed series#

That was the warning this week from an insurance comparison website, which ran a series of quotes where the only adjustment was the recorded occupation.