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2015 1040 schedule e Form: What You Should Know

Form 1040 (Schedule E) 2015. Attachment Sequence No. 13 The IRS compares amounts reported on your tax return with amounts. ERA Payments Received as a Reimbursement of Employment or Services You must be a tax practitioner to receive payments from Canada Revenue Agency for ERA taxes withheld on income earned through Canadian employment and self-employment. You are able to claim the ERA and tax reliefs, as the employment income, on your income tax and benefit return. If you received a repayment from the Canada Revenue Agency for the employment income tax and benefit refund, and you are not claiming the ERA you are advised to consult an employment or employment tax specialist. If you received a tax benefit for Canadian employment income by way of a tax credit in the form of a lump sum payment from the Canada Revenue Agency, you may be able to take advantage of the Employment Income Tax Reliefs for Canadians and for Disabled Workers under subsection 116(1), or the Employment Insurance Partial Disability Benefits (Paid as Pensions), under subsections 110(1), 111(1) and 113(1), as amended. For further information, refer to: Income Tax Manual and Income Tax Regulations ERA Repayment Under subsection 116(1), the Canada Revenue Agency may make a repayment to which the taxpayer is not normally entitled. Under subsection 115(2), the Canada Revenue Agency may make a repayment if the taxpayer's “retirement income” relates to employment or self-employment of a qualifying individual for a period of two years or more, or the period that the taxpayer was employed throughout the period of employment or self-employment. If you know that the repayment is not for your benefit, you can file a claim for the repayment with the Canada Revenue Agency. For further information, refer to Notice 716, Repayment of Employment Taxes under SS. 116 to 118 of the Excise Tax Act. Payment of the EI tax The Canada Revenue Agency collects employment income tax (EI) from the employee. You must report such income on line 103 of your tax return. You are not eligible to claim any EI tax benefits with respect to your employment income tax when making a claim for the refund.

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