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2011 Turbo Tax Software

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2011 Turbo Tax Software

2011 turbo tax software 2. 2011 turbo tax software   Simplified Employee Pensions (SEPs) Table of Contents Topics - This chapter discusses: Useful Items - You may want to see: Setting Up a SEPWhen not to use Form 5305-SEP. 2011 turbo tax software How Much Can I Contribute?Contribution Limits Deducting ContributionsDeduction Limit for Contributions for Participants Deduction Limit for Self-Employed Individuals Carryover of Excess SEP Contributions When To Deduct Contributions Where To Deduct Contributions Salary Reduction Simplified Employee Pensions (SARSEPs)SARSEP ADP test. 2011 turbo tax software Deferral percentage. 2011 turbo tax software Employee compensation. 2011 turbo tax software Compensation of self-employed individuals. 2011 turbo tax software Choice not to treat deferrals as compensation. 2011 turbo tax software Limit on Elective Deferrals Tax Treatment of Deferrals Distributions (Withdrawals) Additional TaxesEffects on employee. 2011 turbo tax software Reporting and Disclosure Requirements Topics - This chapter discusses: Setting up a SEP How much can I contribute Deducting contributions Salary reduction simplified employee pensions (SARSEPs) Distributions (withdrawals) Additional taxes Reporting and disclosure requirements Useful Items - You may want to see: Publication 590 Individual Retirement Arrangements (IRAs) 3998 Choosing A Retirement Solution for Your Small Business 4285 SEP Checklist 4286 SARSEP Checklist 4333 SEP Retirement Plans for Small Businesses 4336 SARSEP for Small Businesses 4407 SARSEP—Key Issues and Assistance Forms (and Instructions) W-2 Wage and Tax Statement 1040 U. 2011 turbo tax software S. 2011 turbo tax software Individual Income Tax Return 5305-SEP Simplified Employee Pension—Individual Retirement Accounts Contribution Agreement 5305A-SEP Salary Reduction Simplified Employee Pension—Individual Retirement Accounts Contribution Agreement 8880 Credit for Qualified Retirement Savings Contributions 8881 Credit for Small Employer Pension Plan Startup Costs A SEP is a written plan that allows you to make contributions toward your own retirement and your employees' retirement without getting involved in a more complex qualified plan. 2011 turbo tax software Under a SEP, you make contributions to a traditional individual retirement arrangement (called a SEP-IRA) set up by or for each eligible employee. 2011 turbo tax software A SEP-IRA is owned and controlled by the employee, and you make contributions to the financial institution where the SEP-IRA is maintained. 2011 turbo tax software SEP-IRAs are set up for, at a minimum, each eligible employee (defined below). 2011 turbo tax software A SEP-IRA may have to be set up for a leased employee (defined in chapter 1), but does not need to be set up for excludable employees (defined later). 2011 turbo tax software Eligible employee. 2011 turbo tax software   An eligible employee is an individual who meets all the following requirements. 2011 turbo tax software Has reached age 21. 2011 turbo tax software Has worked for you in at least 3 of the last 5 years. 2011 turbo tax software Has received at least $550 in compensation from you in 2013. 2011 turbo tax software This amount remains the same in 2014. 2011 turbo tax software    You can use less restrictive participation requirements than those listed, but not more restrictive ones. 2011 turbo tax software Excludable employees. 2011 turbo tax software   The following employees can be excluded from coverage under a SEP. 2011 turbo tax software Employees covered by a union agreement and whose retirement benefits were bargained for in good faith by the employees' union and you. 2011 turbo tax software Nonresident alien employees who have received no U. 2011 turbo tax software S. 2011 turbo tax software source wages, salaries, or other personal services compensation from you. 2011 turbo tax software For more information about nonresident aliens, see Publication 519, U. 2011 turbo tax software S. 2011 turbo tax software Tax Guide for Aliens. 2011 turbo tax software Setting Up a SEP There are three basic steps in setting up a SEP. 2011 turbo tax software You must execute a formal written agreement to provide benefits to all eligible employees. 2011 turbo tax software You must give each eligible employee certain information about the SEP. 2011 turbo tax software A SEP-IRA must be set up by or for each eligible employee. 2011 turbo tax software Many financial institutions will help you set up a SEP. 2011 turbo tax software Formal written agreement. 2011 turbo tax software   You must execute a formal written agreement to provide benefits to all eligible employees under a SEP. 2011 turbo tax software You can satisfy the written agreement requirement by adopting an IRS model SEP using Form 5305-SEP. 2011 turbo tax software However, see When not to use Form 5305-SEP, below. 2011 turbo tax software   If you adopt an IRS model SEP using Form 5305-SEP, no prior IRS approval or determination letter is required. 2011 turbo tax software Keep the original form. 2011 turbo tax software Do not file it with the IRS. 2011 turbo tax software Also, using Form 5305-SEP will usually relieve you from filing annual retirement plan information returns with the IRS and the Department of Labor. 2011 turbo tax software See the Form 5305-SEP instructions for details. 2011 turbo tax software If you choose not to use Form 5305-SEP, you should seek professional advice in adopting a SEP. 2011 turbo tax software When not to use Form 5305-SEP. 2011 turbo tax software   You cannot use Form 5305-SEP if any of the following apply. 2011 turbo tax software You currently maintain any other qualified retirement plan other than another SEP. 2011 turbo tax software You have any eligible employees for whom IRAs have not been set up. 2011 turbo tax software You use the services of leased employees, who are not your common-law employees (as described in chapter 1). 2011 turbo tax software You are a member of any of the following unless all eligible employees of all the members of these groups, trades, or businesses participate under the SEP. 2011 turbo tax software An affiliated service group described in section 414(m). 2011 turbo tax software A controlled group of corporations described in section 414(b). 2011 turbo tax software Trades or businesses under common control described in section 414(c). 2011 turbo tax software You do not pay the cost of the SEP contributions. 2011 turbo tax software Information you must give to employees. 2011 turbo tax software   You must give each eligible employee a copy of Form 5305-SEP, its instructions, and the other information listed in the Form 5305-SEP instructions. 2011 turbo tax software An IRS model SEP is not considered adopted until you give each employee this information. 2011 turbo tax software Setting up the employee's SEP-IRA. 2011 turbo tax software   A SEP-IRA must be set up by or for each eligible employee. 2011 turbo tax software SEP-IRAs can be set up with banks, insurance companies, or other qualified financial institutions. 2011 turbo tax software You send SEP contributions to the financial institution where the SEP-IRA is maintained. 2011 turbo tax software Deadline for setting up a SEP. 2011 turbo tax software   You can set up a SEP for any year as late as the due date (including extensions) of your income tax return for that year. 2011 turbo tax software Credit for startup costs. 2011 turbo tax software   You may be able to claim a tax credit for part of the ordinary and necessary costs of starting a SEP that first became effective in 2013. 2011 turbo tax software For more information, see Credit for startup costs under Reminders, earlier. 2011 turbo tax software How Much Can I Contribute? The SEP rules permit you to contribute a limited amount of money each year to each employee's SEP-IRA. 2011 turbo tax software If you are self-employed, you can contribute to your own SEP-IRA. 2011 turbo tax software Contributions must be in the form of money (cash, check, or money order). 2011 turbo tax software You cannot contribute property. 2011 turbo tax software However, participants may be able to transfer or roll over certain property from one retirement plan to another. 2011 turbo tax software See Publication 590 for more information about rollovers. 2011 turbo tax software You do not have to make contributions every year. 2011 turbo tax software But if you make contributions, they must be based on a written allocation formula and must not discriminate in favor of highly compensated employees (defined in chapter 1). 2011 turbo tax software When you contribute, you must contribute to the SEP-IRAs of all participants who actually performed personal services during the year for which the contributions are made, including employees who die or terminate employment before the contributions are made. 2011 turbo tax software Contributions are deductible within limits, as discussed later, and generally are not taxable to the plan participants. 2011 turbo tax software A SEP-IRA cannot be a Roth IRA. 2011 turbo tax software Employer contributions to a SEP-IRA will not affect the amount an individual can contribute to a Roth or traditional IRA. 2011 turbo tax software Unlike regular contributions to a traditional IRA, contributions under a SEP can be made to participants over age 70½. 2011 turbo tax software If you are self-employed, you can also make contributions under the SEP for yourself even if you are over 70½. 2011 turbo tax software Participants age 70½ or over must take required minimum distributions. 2011 turbo tax software Time limit for making contributions. 2011 turbo tax software   To deduct contributions for a year, you must make the contributions by the due date (including extensions) of your tax return for the year. 2011 turbo tax software Contribution Limits Contributions you make for 2013 to a common-law employee's SEP-IRA cannot exceed the lesser of 25% of the employee's compensation or $51,000. 2011 turbo tax software Compensation generally does not include your contributions to the SEP. 2011 turbo tax software The SEP plan document will specify how the employer contribution is determined and how it will be allocated to participants. 2011 turbo tax software Example. 2011 turbo tax software Your employee, Mary Plant, earned $21,000 for 2013. 2011 turbo tax software The maximum contribution you can make to her SEP-IRA is $5,250 (25% x $21,000). 2011 turbo tax software Contributions for yourself. 2011 turbo tax software   The annual limits on your contributions to a common-law employee's SEP-IRA also apply to contributions you make to your own SEP-IRA. 2011 turbo tax software However, special rules apply when figuring your maximum deductible contribution. 2011 turbo tax software See Deduction Limit for Self-Employed Individuals , later. 2011 turbo tax software Annual compensation limit. 2011 turbo tax software   You cannot consider the part of an employee's compensation over $255,000 when figuring your contribution limit for that employee. 2011 turbo tax software However, $51,000 is the maximum contribution for an eligible employee. 2011 turbo tax software These limits are $260,000 and $52,000, respectively, in 2014. 2011 turbo tax software Example. 2011 turbo tax software Your employee, Susan Green, earned $210,000 for 2013. 2011 turbo tax software Because of the maximum contribution limit for 2013, you can only contribute $51,000 to her SEP-IRA. 2011 turbo tax software More than one plan. 2011 turbo tax software   If you contribute to a defined contribution plan (defined in chapter 4), annual additions to an account are limited to the lesser of $51,000 or 100% of the participant's compensation. 2011 turbo tax software When you figure this limit, you must add your contributions to all defined contribution plans maintained by you. 2011 turbo tax software Because a SEP is considered a defined contribution plan for this limit, your contributions to a SEP must be added to your contributions to other defined contribution plans you maintain. 2011 turbo tax software Tax treatment of excess contributions. 2011 turbo tax software   Excess contributions are your contributions to an employee's SEP-IRA (or to your own SEP-IRA) for 2013 that exceed the lesser of the following amounts. 2011 turbo tax software 25% of the employee's compensation (or, for you, 20% of your net earnings from self-employment). 2011 turbo tax software $51,000. 2011 turbo tax software Excess contributions are included in the employee's income for the year and are treated as contributions by the employee to his or her SEP-IRA. 2011 turbo tax software For more information on employee tax treatment of excess contributions, see chapter 1 in Publication 590. 2011 turbo tax software Reporting on Form W-2. 2011 turbo tax software   Do not include SEP contributions on your employee's Form W-2 unless contributions were made under a salary reduction arrangement (discussed later). 2011 turbo tax software Deducting Contributions Generally, you can deduct the contributions you make each year to each employee's SEP-IRA. 2011 turbo tax software If you are self-employed, you can deduct the contributions you make each year to your own SEP-IRA. 2011 turbo tax software Deduction Limit for Contributions for Participants The most you can deduct for your contributions to you or your employee's SEP-IRA is the lesser of the following amounts. 2011 turbo tax software Your contributions (including any excess contributions carryover). 2011 turbo tax software 25% of the compensation (limited to $255,000 per participant) paid to the participants during 2013 from the business that has the plan, not to exceed $51,000 per participant. 2011 turbo tax software In 2014, the amounts in (2) above are $260,000 and $52,000, respectively. 2011 turbo tax software Deduction Limit for Self-Employed Individuals If you contribute to your own SEP-IRA, you must make a special computation to figure your maximum deduction for these contributions. 2011 turbo tax software When figuring the deduction for contributions made to your own SEP-IRA, compensation is your net earnings from self-employment (defined in chapter 1), which takes into account both the following deductions. 2011 turbo tax software The deduction for the deductible part of your self-employment tax. 2011 turbo tax software The deduction for contributions to your own SEP-IRA. 2011 turbo tax software The deduction for contributions to your own SEP-IRA and your net earnings depend on each other. 2011 turbo tax software For this reason, you determine the deduction for contributions to your own SEP-IRA indirectly by reducing the contribution rate called for in your plan. 2011 turbo tax software To do this, use the Rate Table for Self-Employed or the Rate Worksheet for Self-Employed, whichever is appropriate for your plan's contribution rate, in chapter 5. 2011 turbo tax software Then figure your maximum deduction by using the Deduction Worksheet for Self-Employed in chapter 5. 2011 turbo tax software Carryover of Excess SEP Contributions If you made SEP contributions that are more than the deduction limit (nondeductible contributions), you can carry over and deduct the difference in later years. 2011 turbo tax software However, the carryover, when combined with the contribution for the later year, is subject to the deduction limit for that year. 2011 turbo tax software If you also contributed to a defined benefit plan or defined contribution plan, see Carryover of Excess Contributions under Employer Deduction in chapter 4 for the carryover limit. 2011 turbo tax software Excise tax. 2011 turbo tax software   If you made nondeductible (excess) contributions to a SEP, you may be subject to a 10% excise tax. 2011 turbo tax software For information about the excise tax, see Excise Tax for Nondeductible (Excess) Contributions under Employer Deduction in chapter 4. 2011 turbo tax software When To Deduct Contributions When you can deduct contributions made for a year depends on the tax year on which the SEP is maintained. 2011 turbo tax software If the SEP is maintained on a calendar year basis, you deduct the yearly contributions on your tax return for the year within which the calendar year ends. 2011 turbo tax software If you file your tax return and maintain the SEP using a fiscal year or short tax year, you deduct contributions made for a year on your tax return for that year. 2011 turbo tax software Example. 2011 turbo tax software You are a fiscal year taxpayer whose tax year ends June 30. 2011 turbo tax software You maintain a SEP on a calendar year basis. 2011 turbo tax software You deduct SEP contributions made for calendar year 2013 on your tax return for your tax year ending June 30, 2014. 2011 turbo tax software Where To Deduct Contributions Deduct the contributions you make for your common-law employees on your tax return. 2011 turbo tax software For example, sole proprietors deduct them on Schedule C (Form 1040) or Schedule F (Form 1040), Profit or Loss From Farming; partnerships deduct them on Form 1065, U. 2011 turbo tax software S. 2011 turbo tax software Return of Partnership Income; and corporations deduct them on Form 1120, U. 2011 turbo tax software S. 2011 turbo tax software Corporation Income Tax Return, or Form 1120S, U. 2011 turbo tax software S. 2011 turbo tax software Income Tax Return for an S Corporation. 2011 turbo tax software Sole proprietors and partners deduct contributions for themselves on line 28 of Form 1040. 2011 turbo tax software (If you are a partner, contributions for yourself are shown on the Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc. 2011 turbo tax software , you receive from the partnership. 2011 turbo tax software ) Remember that sole proprietors and partners can't deduct as a business expense contributions made to a SEP for themselves, only those made for their common-law employees. 2011 turbo tax software Salary Reduction Simplified Employee Pensions (SARSEPs) A SARSEP is a SEP set up before 1997 that includes a salary reduction arrangement. 2011 turbo tax software (See the Caution, next. 2011 turbo tax software ) Under a SARSEP, your employees can choose to have you contribute part of their pay to their SEP-IRAs rather than receive it in cash. 2011 turbo tax software This contribution is called an “elective deferral” because employees choose (elect) to set aside the money, and they defer the tax on the money until it is distributed to them. 2011 turbo tax software You are not allowed to set up a SARSEP after 1996. 2011 turbo tax software However, participants (including employees hired after 1996) in a SARSEP set up before 1997 can continue to have you contribute part of their pay to the plan. 2011 turbo tax software If you are interested in setting up a retirement plan that includes a salary reduction arrangement, see chapter 3. 2011 turbo tax software Who can have a SARSEP?   A SARSEP set up before 1997 is available to you and your eligible employees only if all the following requirements are met. 2011 turbo tax software At least 50% of your employees eligible to participate choose to make elective deferrals. 2011 turbo tax software You have 25 or fewer employees who were eligible to participate in the SEP at any time during the preceding year. 2011 turbo tax software The elective deferrals of your highly compensated employees meet the SARSEP ADP test. 2011 turbo tax software SARSEP ADP test. 2011 turbo tax software   Under the SARSEP ADP test, the amount deferred each year by each eligible highly compensated employee as a percentage of pay (the deferral percentage) cannot be more than 125% of the average deferral percentage (ADP) of all non-highly compensated employees eligible to participate. 2011 turbo tax software A highly compensated employee is defined in chapter 1. 2011 turbo tax software Deferral percentage. 2011 turbo tax software   The deferral percentage for an employee for a year is figured as follows. 2011 turbo tax software   The elective employer contributions (excluding certain catch-up contributions)  paid to the SEP for the employee for the year     The employee's compensation (limited to $255,000 in 2013)   The instructions for Form 5305A-SEP have a worksheet you can use to determine whether the elective deferrals of your highly compensated employees meet the SARSEP ADP test. 2011 turbo tax software Employee compensation. 2011 turbo tax software   For figuring the deferral percentage, compensation is generally the amount you pay to the employee for the year. 2011 turbo tax software Compensation includes the elective deferral and other amounts deferred in certain employee benefit plans. 2011 turbo tax software See Compensation in chapter 1. 2011 turbo tax software Elective deferrals under the SARSEP are included in figuring your employees' deferral percentage even though they are not included in the income of your employees for income tax purposes. 2011 turbo tax software Compensation of self-employed individuals. 2011 turbo tax software   If you are self-employed, compensation is your net earnings from self-employment as defined in chapter 1. 2011 turbo tax software   Compensation does not include tax-free items (or deductions related to them) other than foreign earned income and housing cost amounts. 2011 turbo tax software Choice not to treat deferrals as compensation. 2011 turbo tax software   You can choose not to treat elective deferrals (and other amounts deferred in certain employee benefit plans) for a year as compensation under your SARSEP. 2011 turbo tax software Limit on Elective Deferrals The most a participant can choose to defer for calendar year 2013 is the lesser of the following amounts. 2011 turbo tax software 25% of the participant's compensation (limited to $255,000 of the participant's compensation). 2011 turbo tax software $17,500. 2011 turbo tax software The $17,500 limit applies to the total elective deferrals the employee makes for the year to a SEP and any of the following. 2011 turbo tax software Cash or deferred arrangement (section 401(k) plan). 2011 turbo tax software Salary reduction arrangement under a tax-sheltered annuity plan (section 403(b) plan). 2011 turbo tax software SIMPLE IRA plan. 2011 turbo tax software In 2014, the $255,000 limit increases to $260,000 and the $17,500 limit remains at $17,500. 2011 turbo tax software Catch-up contributions. 2011 turbo tax software   A SARSEP can permit participants who are age 50 or over at the end of the calendar year to also make catch-up contributions. 2011 turbo tax software The catch-up contribution limit for 2013 is $5,500 and remains at $5,500 for 2014. 2011 turbo tax software Elective deferrals are not treated as catch-up contributions for 2013 until they exceed the elective deferral limit (the lesser of 25% of compensation or $17,500), the SARSEP ADP test limit discussed earlier, or the plan limit (if any). 2011 turbo tax software However, the catch-up contribution a participant can make for a year cannot exceed the lesser of the following amounts. 2011 turbo tax software The catch-up contribution limit. 2011 turbo tax software The excess of the participant's compensation over the elective deferrals that are not catch-up contributions. 2011 turbo tax software   Catch-up contributions are not subject to the elective deferral limit (the lesser of 25% of compensation or $17,500 in 2013 and in 2014). 2011 turbo tax software Overall limit on SEP contributions. 2011 turbo tax software   If you also make nonelective contributions to a SEP-IRA, the total of the nonelective and elective contributions to that SEP-IRA cannot exceed the lesser of 25% of the employee's compensation or $51,000 for 2013 ($52,000 for 2014). 2011 turbo tax software The same rule applies to contributions you make to your own SEP-IRA. 2011 turbo tax software See Contribution Limits , earlier. 2011 turbo tax software Figuring the elective deferral. 2011 turbo tax software   For figuring the 25% limit on elective deferrals, compensation does not include SEP contributions, including elective deferrals or other amounts deferred in certain employee benefit plans. 2011 turbo tax software Tax Treatment of Deferrals Elective deferrals that are not more than the limits discussed earlier under Limit on Elective Deferrals are excluded from your employees' wages subject to federal income tax in the year of deferral. 2011 turbo tax software However, these deferrals are included in wages for social security, Medicare, and federal unemployment (FUTA) tax. 2011 turbo tax software Excess deferrals. 2011 turbo tax software   For 2013, excess deferrals are the elective deferrals for the year that are more than the $17,500 limit discussed earlier. 2011 turbo tax software For a participant who is eligible to make catch-up contributions, excess deferrals are the elective deferrals that are more than $23,000. 2011 turbo tax software The treatment of excess deferrals made under a SARSEP is similar to the treatment of excess deferrals made under a qualified plan. 2011 turbo tax software See Treatment of Excess Deferrals under Elective Deferrals (401(k) Plans) in chapter 4. 2011 turbo tax software Excess SEP contributions. 2011 turbo tax software   Excess SEP contributions are elective deferrals of highly compensated employees that are more than the amount permitted under the SARSEP ADP test. 2011 turbo tax software You must notify your highly compensated employees within 2½ months after the end of the plan year of their excess SEP contributions. 2011 turbo tax software If you do not notify them within this time period, you must pay a 10% tax on the excess. 2011 turbo tax software For an explanation of the notification requirements, see Rev. 2011 turbo tax software Proc. 2011 turbo tax software 91-44, 1991-2 C. 2011 turbo tax software B. 2011 turbo tax software 733. 2011 turbo tax software If you adopted a SARSEP using Form 5305A-SEP, the notification requirements are explained in the instructions for that form. 2011 turbo tax software Reporting on Form W-2. 2011 turbo tax software   Do not include elective deferrals in the “Wages, tips, other compensation” box of Form W-2. 2011 turbo tax software You must, however, include them in the “Social security wages” and “Medicare wages and tips” boxes. 2011 turbo tax software You must also include them in box 12. 2011 turbo tax software Mark the “Retirement plan” checkbox in box 13. 2011 turbo tax software For more information, see the Form W-2 instructions. 2011 turbo tax software Distributions (Withdrawals) As an employer, you cannot prohibit distributions from a SEP-IRA. 2011 turbo tax software Also, you cannot make your contributions on the condition that any part of them must be kept in the account after you have made your contributions to the employee's accounts. 2011 turbo tax software Distributions are subject to IRA rules. 2011 turbo tax software Generally, you or your employee must begin to receive distributions from a SEP-IRA by April 1 of the first year after the calendar year in which you or your employee reaches age 70½. 2011 turbo tax software For more information about IRA rules, including the tax treatment of distributions, rollovers, required distributions, and income tax withholding, see Publication 590. 2011 turbo tax software Additional Taxes The tax advantages of using SEP-IRAs for retirement savings can be offset by additional taxes that may be imposed for all the following actions. 2011 turbo tax software Making excess contributions. 2011 turbo tax software Making early withdrawals. 2011 turbo tax software Not making required withdrawals. 2011 turbo tax software For information about these taxes, see chapter 1 in Publication 590. 2011 turbo tax software Also, a SEP-IRA may be disqualified, or an excise tax may apply, if the account is involved in a prohibited transaction, discussed next. 2011 turbo tax software Prohibited transaction. 2011 turbo tax software   If an employee improperly uses his or her SEP-IRA, such as by borrowing money from it, the employee has engaged in a prohibited transaction. 2011 turbo tax software In that case, the SEP-IRA will no longer qualify as an IRA. 2011 turbo tax software For a list of prohibited transactions, see Prohibited Transactions in chapter 4. 2011 turbo tax software Effects on employee. 2011 turbo tax software   If a SEP-IRA is disqualified because of a prohibited transaction, the assets in the account will be treated as having been distributed to the employee on the first day of the year in which the transaction occurred. 2011 turbo tax software The employee must include in income the fair market value of the assets (on the first day of the year) that is more than any cost basis in the account. 2011 turbo tax software Also, the employee may have to pay the additional tax for making early withdrawals. 2011 turbo tax software Reporting and Disclosure Requirements If you set up a SEP using Form 5305-SEP, you must give your eligible employees certain information about the SEP when you set it up. 2011 turbo tax software See Setting Up a SEP , earlier. 2011 turbo tax software Also, you must give your eligible employees a statement each year showing any contributions to their SEP-IRAs. 2011 turbo tax software You must also give them notice of any excess contributions. 2011 turbo tax software For details about other information you must give them, see the instructions for Form 5305-SEP or Form 5305A-SEP (for a salary reduction SEP). 2011 turbo tax software Even if you did not use Form 5305-SEP or Form 5305A-SEP to set up your SEP, you must give your employees information similar to that described above. 2011 turbo tax software For more information, see the instructions for either Form 5305-SEP or Form 5305A-SEP. 2011 turbo tax software Prev  Up  Next   Home   More Online Publications
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Can I Claim a Deduction For Student Loan Interest?

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The 2011 Turbo Tax Software

2011 turbo tax software Part Four -   Ajustes a los Ingresos Los tres capítulos de esta sección abordan algunos de los ajustes a los ingresos que puede deducir al calcular el ingreso bruto ajustado. 2011 turbo tax software Estos capítulos abarcan: Aportaciones a arreglos tradicionales de ahorros para la jubilación (IRA, por sus siglas en inglés), el capítulo 17 , Pensión para el cónyuge divorciado que paga, el capítulo 18 e Intereses sobre préstamos de estudios que usted paga, el capítulo 19 . 2011 turbo tax software Otros ajustes a los ingresos se explican en otras partes de esta publicación o en otras publicaciones. 2011 turbo tax software Vea la Tabla V que aparece a continuación. 2011 turbo tax software Tabla V. 2011 turbo tax software Otros Ajustes a los Ingresos  Utilice esta tabla para buscar información acerca de otros ajustes a los ingresos no abarcados en esta sección de la publicación. 2011 turbo tax software SI busca más información sobre la deducción por. 2011 turbo tax software . 2011 turbo tax software . 2011 turbo tax software ENTONCES vea. 2011 turbo tax software . 2011 turbo tax software . 2011 turbo tax software Determinados gastos de negocio de personal en reserva de las Fuerzas Armadas, artistas del espectáculo y funcionarios que prestan servicios por honorarios el capítulo 26 . 2011 turbo tax software Aportaciones a cuentas de ahorros para gastos médicos la Publicación 969, Health Savings Accounts and Other Tax-Favored Health Plans (Cuentas de ahorros para gastos médicos y otros planes para la salud con beneficios tributarios), en inglés. 2011 turbo tax software Gastos de mudanza la Publicación 521, Moving Expenses (Gastos de mudanza), en inglés. 2011 turbo tax software Una porción del impuesto sobre el trabajo por cuenta propia el capítulo 22 . 2011 turbo tax software Seguro médico para personas que trabajan por cuenta propia el capítulo 21 . 2011 turbo tax software Pagos a planes SEP, SIMPLE y planes calificados para personas que trabajan por cuenta propia la Publicación 560, Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans) (Planes de jubilación para pequeños negocios (SEP, SIMPLE y planes calificados)), en inglés. 2011 turbo tax software Multa por retiro prematuro de ahorros el capítulo 7 . 2011 turbo tax software Aportaciones a un plan de ahorros médicos Archer (MSA, por sus siglas en inglés) la Publicación 969, en inglés. 2011 turbo tax software Amortización o gasto de reforestación los capítulos 7 y 8 de la Publicación 535, Business Expenses (Gastos de negocios), en inglés. 2011 turbo tax software Aportaciones a planes de pensiones conforme a la sección 501(c)(18)(D) del Código Federal de Impuestos Internos la Publicación 525, Taxable and Nontaxable Income (Ingreso tributable y no tributable), en inglés. 2011 turbo tax software Gastos procedentes del alquiler de bienes muebles el capítulo 12 . 2011 turbo tax software Determinados reintegros obligatorios de prestaciones suplementarias por desempleo (sub-pago) el capítulo 12 . 2011 turbo tax software Gastos por concepto de vivienda en el extranjero el capítulo 4 de la Publicación 54, Tax Guide for U. 2011 turbo tax software S. 2011 turbo tax software Citizens and Resident Aliens Abroad (Guía tributaria para ciudadanos estadounidenses y extranjeros residentes que viven en el extranjero), en inglés. 2011 turbo tax software Pago de servicio de juraduría que se le haya entregado a su empleador el capítulo 12 . 2011 turbo tax software Aportaciones hechas por determinados capellanes a planes conforme a la sección 403(b) del Código Federal de Impuestos Internos la Publicación 517, Social Security and Other Information for Members of the Clergy and Religious Workers (Seguro Social y otra información para miembros del clero y empleados religiosos), en inglés. 2011 turbo tax software Honorarios de abogado y determinados costos por acciones legales con respecto a reclamaciones por discriminación ilegal y premios a denunciantes dentro de su propia empresa la Publicación 525, en inglés. 2011 turbo tax software Deducción por actividades de producción nacional el Formulario 8903, Domestic Production Activities Deduction (Deducción por actividades de producción nacional), en inglés. 2011 turbo tax software Table of Contents 17. 2011 turbo tax software   Arreglos de Ahorros para la Jubilación (Arreglos IRA)Qué Hay de Nuevo en el Año 2013 Recordatorios Introduction Useful Items - You may want to see: Arreglos IRA Tradicionales¿Quién Puede Abrir un Arreglo IRA Tradicional? ¿Cuándo y Cómo se Puede Abrir un Arreglo IRA Tradicional? ¿Cuánto se Puede Aportar? ¿Cuándo se Pueden Hacer Aportaciones? ¿Cuánto se Puede Deducir? Aportaciones no Deducibles Arreglos IRA Heredados ¿Puede Traspasar Activos de un Plan de Jubilación? ¿Cuándo Puede Retirar o Utilizar Activos de un Arreglo IRA? ¿Cuándo Tiene que Retirar Activos de un Arreglo IRA? (Distribuciones Mínimas Obligatorias) ¿Están Sujetas a Impuestos las Distribuciones? ¿Qué Acciones Dan Lugar a Multas o Impuestos Adicionales? Arreglos Roth IRA ¿Qué Es un Arreglo Roth IRA? ¿Cuándo se Puede Abrir un Arreglo Roth IRA? ¿Puede Hacer Aportaciones a un Arreglo Roth IRA? ¿Se Pueden Trasladar Activos a un Arreglo Roth IRA? ¿Están Sujetas a Impuestos las Distribuciones? 18. 2011 turbo tax software   Pensión para el Cónyuge DivorciadoIntroductionCónyuge o ex cónyuge. 2011 turbo tax software Documento (instrumento) de divorcio o separación judicial. 2011 turbo tax software Useful Items - You may want to see: Reglas GeneralesPagos hipotecarios. 2011 turbo tax software Impuestos y seguro. 2011 turbo tax software Otros pagos a terceros. 2011 turbo tax software Documentos Firmados Después de 1984Pagos a terceros. 2011 turbo tax software Excepción. 2011 turbo tax software Pagos sustitutivos. 2011 turbo tax software Específicamente designado como pensión para hijos menores. 2011 turbo tax software Contingencia relacionada con su hijo. 2011 turbo tax software Pago claramente asociado con una contingencia. 2011 turbo tax software Cómo Deducir la Pensión para el Cónyuge Divorciado que Pagó Cómo Declarar la Pensión para el Cónyuge Divorciado Recibida Regla de Recuperación 19. 2011 turbo tax software   Ajustes Tributarios por EstudiosIntroduction Useful Items - You may want to see: Deducción por Intereses sobre Préstamos de EstudiosDefinición de los Intereses sobre Préstamos de Estudios ¿Puede Reclamar la Deducción? ¿Cuánto Puede Deducir? ¿Cómo Calcular la Deducción? Deducción por Matrícula y Cuotas Escolares¿Puede Reclamar la Deducción? Gastos que Califican Estudiante que Reúne los Requisitos Quién Puede Reclamar los Gastos de un Dependiente Cuánto se Puede Deducir Gastos del Educador Prev  Up  Next   Home   More Online Publications