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"Occupation" on form 1040

 
 
Jay
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      03-12-2005, 12:24 PM
Does the IRS pay any attention to the "occupation" next to
the signature on form 1040? TP was earlier self-employed,
but had no earned income in 2004, likely also into the
future. Is putting "retired" for "occupation" likely to
attract undue attention? An alternative is to repeat
previous years' entry.

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TaxmanHog
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      03-13-2005, 11:56 PM
"Jay" <(E-Mail Removed)> wrote:

> Does the IRS pay any attention to the "occupation" next to
> the signature on form 1040? TP was earlier self-employed,
> but had no earned income in 2004, likely also into the
> future. Is putting "retired" for "occupation" likely to
> attract undue attention? An alternative is to repeat
> previous years' entry.


The data from that line {paper filed returns} is not entered into the computer
system.

The information has limited use to exam & collection processes, revenue agents &
revenue officers might look at the original filed paper return for details to
assist in an audit or collection action.

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Paul A Thomas
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      03-14-2005, 12:15 AM
"Jay" <(E-Mail Removed)> wrote

> Does the IRS pay any attention to the "occupation" next to
> the signature on form 1040? TP was earlier self-employed,
> but had no earned income in 2004, likely also into the
> future. Is putting "retired" for "occupation" likely to
> attract undue attention? An alternative is to repeat
> previous years' entry.


Or leave it blank. I suspect that the information, if
gathered at all these days, is for statistical purposes at
best, and may influence audit measures at worst.

--
Paul A. Thomas, CPA
Athens, Georgia
taxman at negia.net

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Phil Marti
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      03-14-2005, 12:15 AM
"Jay" <(E-Mail Removed)> wrote:

> Does the IRS pay any attention to the "occupation" next to
> the signature on form 1040? TP was earlier self-employed,
> but had no earned income in 2004, likely also into the
> future. Is putting "retired" for "occupation" likely to
> attract undue attention?


Well, if "Minor Governmental Functionary," which is what I
used to use, didn't get anyone's attention, I doubt that
"Retired," which I've used for 7 years even though I had
earned income in each year, will cause the alarms to go off.

--
Phil Marti
Clarksburg, MD

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Bill
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      03-14-2005, 12:15 AM
(E-Mail Removed) wrote:

> Does the IRS pay any attention to the
> "occupation" next to the signature on form
> 1040? TP was earlier self-employed, but had
> no earned income in 2004, likely also into the
> future. Is putting "retired" for "occupation"
> likely to attract undue attention? An alternative
> is to repeat previous years' entry.


Not much attention is paid. IMO, the information is
gathered mainly for statistical purposes, and probably used
for endless bureaucratic bickering about future tax policy
<G>.

Many TPs use "Retired" and still have income from some
enterprise. It's a state of mind, and it won't attract any
attention at all.

Bill

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Arthur L. Rubin
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      03-14-2005, 01:32 AM
Jay wrote:

> Does the IRS pay any attention to the "occupation" next to
> the signature on form 1040? TP was earlier self-employed,
> but had no earned income in 2004, likely also into the
> future. Is putting "retired" for "occupation" likely to
> attract undue attention? An alternative is to repeat
> previous years' entry.


Question to one of the regulars: Do you still put
"drug dealer" as occupation, rather than "pharmacist"?

I don't think it makes a difference unless the return
is already selected for audit, in which case a particular
occupation may make what would otherwise be a problem
a normal expense. But I don't know.

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Harlan Lunsford
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      03-14-2005, 01:51 AM
Jay wrote:

> Does the IRS pay any attention to the "occupation" next to
> the signature on form 1040? TP was earlier self-employed,
> but had no earned income in 2004, likely also into the
> future. Is putting "retired" for "occupation" likely to
> attract undue attention? An alternative is to repeat
> previous years' entry.


Leave the space blank. "retired" or "housewife" is not an
occupation.

Also, the question is meant to be answered with reference to
one's current occupation, no matter what he did or did not
do last year.

ChEAr$,
Harlan Lunsford, EA n LA
Sat 12 Mar 2005

Moderator:
I am LoL. Do you have a cite for "retired" or "housewife" not
being an occupation?

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A.G. Kalman
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      03-14-2005, 02:29 AM
Jay wrote:

> Does the IRS pay any attention to the "occupation" next to
> the signature on form 1040? TP was earlier self-employed,
> but had no earned income in 2004, likely also into the
> future. Is putting "retired" for "occupation" likely to
> attract undue attention? An alternative is to repeat
> previous years' entry.


It doesn't pay any attention even if you leave the field
blank. However, do make note that when you sign the form you
are swearing that the information is true, correct and
complete. So... if at some time in the future the treasury
agents come after you for tax evasion and you lied about
your occupation, the government could use that information
against you.

Finally, placing the word "Retired" in that field will not
subject you to undue attention from the IRS.

--
Alan
http://taxtopics.net

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Arthur Kamlet
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      03-14-2005, 02:29 AM
Jay <(E-Mail Removed)> wrote:

> Does the IRS pay any attention to the "occupation" next to
> the signature on form 1040? TP was earlier self-employed,
> but had no earned income in 2004, likely also into the
> future. Is putting "retired" for "occupation" likely to
> attract undue attention? An alternative is to repeat
> previous years' entry.


I have no idea whatthe IRS does with the occupation.

In theory they could set off alarm bells when a RETIRED
person, and retired is just fine, thank you, files a 2106
reporting 20,000 miles and lots of meals. Or it could balk
at a school bus driver taking a $250 educators deduction.
Some occupations might be expected to have large 2016's??

__
Art Kamlet ArtKamlet @ AOL.com Columbus OH K2PZH

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mytax@adams.net
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      03-14-2005, 02:48 AM
How did they earn the income? If from a job, enter what
they did. If it was from interest, etc. enter retired. The
info can change from year to year.

Missy Doyle

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