File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

2012 State Tax Form

Free Tax ExtensionsE File My State Taxes For FreeFiling Tax Return1040ez Efile FreeAmending Tax ReturnsTurbo Tax FilingTaxact OnlineFederal Income Tax Ez FormE File 2011 Taxes OnlineHow Do I Amend My 2013 Tax ReturnFree FileIrs 1040 XFederal Tax Form 2012 EzTax1040v Tax FormFree Federal Tax Filing 20122010 1040ez2010 1040ez InstructionsWhere Do I Mail My 1040x2013 Tax Amendment FormTurbotax Military Free File2011 Form 1040Free Tax Filing2010 Tax Preparation2009 Tax Forms 1040ezTax Form 1040 EzFiling A Tax AmmendmentIncome Tax Return FilingE File 1040xHow Do I File My 2011 Taxes LateFree Tax EstimatorTaxact 2012 LoginTurbotax 2011 OnlineWho Has Free State Tax FilingDo Tax Amendment1040 Tax FormFree State Return TurbotaxHow To File State Income TaxTax Debt HelpOnline 1040nr

2012 State Tax Form

2012 state tax form Publication 179 - Additional Material Table of Contents 15. 2012 state tax form Reglas especiales para varias clases de servicios y de pagos Cómo obtener ayuda relacionada con las contribuciones 15. 2012 state tax form Reglas especiales para varias clases de servicios y de pagos Reglas especiales para varias clases de servicios y de pagos La tabla que aparece a continuación trata en forma resumida las clases especiales de trabajo y de pagos sujetos a la contribución. 2012 state tax form Si usted necesita información más detallada, visite la oficina del Servicio Federal de Rentas Internas en Guaynabo, vea los reglamentos relacionados con las contribuciones sobre la nómina o llame al 1-800-829-4933. 2012 state tax form Clases especiales de empleo y tipos  especiales de paga Contribuciones sobre la Nómina Para la contribución al Seguro Social y al seguro Medicare (incluyendo la Contribución Adicional al Medicare, cuando los salarios pagados exceden de $200,000), la paga es: Bajo la Ley Federal de Contribución para el Desempleo (FUTA), la paga es: Trabajo agrícola:     1. 2012 state tax form Servicios en fincas relacionados con el cultivo del suelo; cultivo o recolección de cualquier producto agrícola u hortícola; crianza, etc. 2012 state tax form , de ganado, aves, abejas, animales de piel o silvestres. 2012 state tax form Tributable, si responde al requisito de los $150 o $2,500 (vea el apartado 7). 2012 state tax form Tributable, si responde a cualesquiera de los dos requisitos del apartado 10. 2012 state tax form 2. 2012 state tax form Servicios prestados al dueño o explotador de una finca, si la mayor parte se prestan en la finca, para la administración, mantenimiento, etc. 2012 state tax form , de la finca, de los aperos o del equipo o en el salvamento de madera y limpieza de leña y demás escombros dejados por un huracán. 2012 state tax form Tributable, si responde al requisito de los $150 o $2,500 (vea el apartado 7). 2012 state tax form Tributable, si responde a cualesquiera de los dos requisitos del apartado 10. 2012 state tax form 3. 2012 state tax form Servicios relacionados con el cultivo y la recolección de determinados productos resinosos (aguarrás y demás productos oleorresinosos). 2012 state tax form Tributable, si responde al requisito de los $150 o $2,500 (vea el apartado 7). 2012 state tax form Tributable, si responde a cualesquiera de los dos requisitos del apartado 10. 2012 state tax form 4. 2012 state tax form Servicios relacionados con el desmote de algodón. 2012 state tax form Tributable, si responde al requisito de los $150 o $2,500 (vea el apartado 7). 2012 state tax form Tributable, si responde a cualesquiera de los dos requisitos del apartado 10. 2012 state tax form 5. 2012 state tax form Servicios prestados fuera de la finca relacionados con la incubación de aves de corral. 2012 state tax form Tributable (como labor no agrícola). 2012 state tax form * Tributable, si responde a cualesquiera de los dos requisitos del apartado 10. 2012 state tax form 6. 2012 state tax form Servicios relacionados con la operación o conservación de canales, embalses o vías fluviales y utilizados exclusivamente en la provisión o almacenaje de agua para fines agrícolas que no se mantienen ni se operan con fines de lucro. 2012 state tax form Tributable, si responde al requisito de los $150 o $2,500 (vea el apartado 7). 2012 state tax form Tributable, si responde a cualesquiera de los dos requisitos del apartado 10. 2012 state tax form 7. 2012 state tax form Servicios en la elaboración, empaque, entrega, etc. 2012 state tax form , de cualquier producto agrícola u hortícola en su estado no manufacturado:     a. 2012 state tax form Empleado por el explotador de la finca. 2012 state tax form Si el explotador produjo más de la mitad del producto elaborado, será tributable si responde al requisito de los $150 o $2,500 (vea el apartado 7); de lo contrario, será tributable como labor no agrícola. 2012 state tax form * Tributable si el patrono produjo más de la mitad de los productos elaborados y, además, responde a cualesquiera de los dos requisitos del apartado 10. 2012 state tax form De lo contrario, será tributable como labor no agrícola. 2012 state tax form b. 2012 state tax form Empleado por un grupo no incorporado  de explotadores de fincas (no más de 20). 2012 state tax form Si el grupo produjo todos los productos elaborados, será tributable si responde al requisito de los $150 o $2,500 (vea el apartado 7); de lo contrario, será tributable como labor no agrícola. 2012 state tax form * Tributable si el patrono produjo más de la mitad de los productos elaborados y, además, responde a cualesquiera de los dos requisitos del apartado 10. 2012 state tax form De lo contrario, será tributable como labor no agrícola. 2012 state tax form c. 2012 state tax form Empleado por otro grupo de operadores  de una finca (incluyendo organizaciones  cooperativas y tratantes comerciales). 2012 state tax form Tributable (como labor no agrícola). 2012 state tax form * Tributable si el patrono produjo más de la mitad de los productos elaborados y, además, responde a cualesquiera de los dos requisitos del apartado 10. 2012 state tax form De lo contrario, será tributable como labor no agrícola. 2012 state tax form 8. 2012 state tax form Servicios en el manejo o la elaboración de artículos después de su entrega al mercado final o en el enlatado o congelación comercial. 2012 state tax form Tributable (como labor no agrícola). 2012 state tax form * Tributable (como labor no agrícola). 2012 state tax form *Los salarios recibidos por servicios que no se consideran trabajo agrícola se declaran en el Formulario 941-PR o Formulario 944(SP). 2012 state tax form Otras exenciones pueden corresponder. 2012 state tax form Vea los apartados 5 y 12 . 2012 state tax form Reglas especiales para varias clases de servicios y de pagos Clases especiales de empleo y tipos  especiales de paga Contribuciones sobre la Nómina Para la contribución al Seguro Social y al seguro Medicare (incluyendo la Contribución Adicional al Medicare, cuando los salarios pagados exceden de $200,000), la paga es: Bajo la Ley Federal de Contribución para el Desempleo (FUTA), la paga es: Extranjeros:     1. 2012 state tax form Residentes     a. 2012 state tax form Servicios prestados en los EE. 2012 state tax form UU. 2012 state tax form ** Lo mismo que un ciudadano de los EE. 2012 state tax form UU. 2012 state tax form ; exenta, si alguna porción de los servicios prestados como miembro de una tripulación de un avión o barco extranjero se presta fuera de los EE. 2012 state tax form UU. 2012 state tax form Lo mismo que un ciudadano de los EE. 2012 state tax form UU. 2012 state tax form b. 2012 state tax form Servicios prestados fuera de los EE. 2012 state tax form UU. 2012 state tax form ** Tributable, si (a) trabaja para un patrono estadounidense o (b) existe un acuerdo de un patrono estadounidense con el IRS que abarca tanto a los ciudadanos estadounidenses como a los extranjeros residentes que trabajan para sus empresas extranjeras afiliadas o subsidiarias de un patrono estadounidense. 2012 state tax form Exenta, a menos que los servicios se presten en un barco o avión estadounidense y de acuerdo con un contrato hecho en los EE. 2012 state tax form UU. 2012 state tax form o que el extranjero trabaje en tal barco o avión y el mismo toque en un puerto estadounidense. 2012 state tax form 2. 2012 state tax form No residentes Vea la Publicación 15-A, en inglés. 2012 state tax form Vea la Publicación 15-A, en inglés. 2012 state tax form a. 2012 state tax form Trabajadores que han sido admitidos legalmente al país de manera temporera conforme a la sección 101(a)(15)(H)(ii)(a) de la Ley de Inmigración y Nacionalidad para llevar a cabo trabajo agrícola (visa H-2A). 2012 state tax form Exenta. 2012 state tax form Exenta. 2012 state tax form   3. 2012 state tax form Extranjero no residente trabajando en barcos o aviones estadounidenses. 2012 state tax form Tributable si el contrato fue llevado a cabo en los Estados Unidos o el trabajador está empleado en el barco o avión cuando éste toca un puerto estadounidense. 2012 state tax form Salarios de un trabajador fallecido     1. 2012 state tax form Salarios de un trabajador fallecido pagados en el año natural de la muerte de éste a su beneficiario o caudal hereditario (relicto). 2012 state tax form Tributable. 2012 state tax form Tributable. 2012 state tax form 2. 2012 state tax form Salarios de un trabajador fallecido pagados después del final del año de la muerte de éste a su beneficiario o caudal hereditario (relicto). 2012 state tax form Exenta. 2012 state tax form Exenta. 2012 state tax form Compensación pagada a empleados por incapacidad:     Compensación pagada por incapacidad a un empleado en el año que sigue al año en que dicho empleado adquirió el derecho a beneficios por incapacidad bajo la Ley del Seguro Social. 2012 state tax form Exenta, si el empleado no prestó ningún servicio a su patrono durante el período cubierto por el pago. 2012 state tax form Tributable. 2012 state tax form Servicio doméstico en clubes universitarios, fraternidades y hermandades femeninas (sororities). 2012 state tax form Exenta, si la remuneración se le paga a un estudiante regular. 2012 state tax form Exenta también si el patrono está exento de la contribución federal sobre ingresos y la paga es menos de $100. 2012 state tax form Tributable, si el total de los salarios pagados a todos los empleados domésticos en efectivo ascienden a $1,000 o más en cualquier trimestre natural del año actual o anterior. 2012 state tax form Empleados emparentados:     1. 2012 state tax form Hijo empleado por un padre (o por una sociedad de la cual cada socio es padre del hijo). 2012 state tax form Exenta hasta los 18 años de edad. 2012 state tax form Exenta hasta los 21 años de edad. 2012 state tax form 2. 2012 state tax form Hijo empleado por un padre para hacer trabajo doméstico o trabajo que no tenga relación con su ocupación o negocio. 2012 state tax form Exenta hasta los 21 años de edad. 2012 state tax form Exenta hasta los 21 años de edad. 2012 state tax form 3. 2012 state tax form Padre que presta servicios para un hijo. 2012 state tax form Tributable, si presta servicios en la ocupación o negocio del hijo. 2012 state tax form Para empleo doméstico en la residencia particular de un hijo, vea la Publicación 926, en inglés. 2012 state tax form Exenta. 2012 state tax form 4. 2012 state tax form Cónyuge que presta servicios para el otro cónyuge. 2012 state tax form Tributable, si presta servicios en la ocupación o negocio del otro cónyuge. 2012 state tax form Exenta. 2012 state tax form Los empleados federales:     1. 2012 state tax form Miembros de las fuerzas armadas, voluntarios del Cuerpo de Paz, miembros de Jóvenes Adultos para la Conservación, miembros de los Cuerpos de Trabajo y miembros del Programa Nacional de Voluntarios Contra la Pobreza y líderes voluntarios. 2012 state tax form Tributable. 2012 state tax form Exenta. 2012 state tax form 2. 2012 state tax form Todos los demás. 2012 state tax form Tributable, si optó por FERS o si volvió a trabajar para el gobierno federal después de haber estado sin trabajar para éste durante más de un año (a no ser que la interrupción haya sido por servicio militar o de la reserva). 2012 state tax form Para otros empleados, por lo general, está sujeta a la contribución al Medicare. 2012 state tax form Exenta, a menos que el trabajador sea un marino mercante que presta servicios en, o relacionados con, un barco estadounidense que es propiedad de, o alquilado por, los Estados Unidos y operado por un agente general del Secretario de Comercio. 2012 state tax form **Los beneficios proporcionados de acuerdo con los planes llamados “planes cafetería” podrían reunir los requisitos para ser excluidos de los salarios para propósitos de la contribución al Seguro Social, al seguro Medicare y al fondo federal para el desempleo. 2012 state tax form Reglas especiales para varias clases de servicios y de pagos Clases especiales de empleo y tipos  especiales de paga Contribuciones sobre la Nómina Para la contribución al Seguro Social y al seguro Medicare (incluyendo la Contribución Adicional al Medicare, cuando los salarios pagados exceden de $200,000), la paga es: Bajo la Ley Federal de Contribución para el Desempleo (FUTA), la paga es: Empleo relacionado con la pesca de:     1. 2012 state tax form Salmón o mero. 2012 state tax form Tributable a menos que la (3) sea aplicable. 2012 state tax form Tributable a menos que la (3) sea aplicable. 2012 state tax form 2. 2012 state tax form Otra clase de pescado y otra clase de vida acuática animal o vegetal. 2012 state tax form Tributable a menos que la (3) sea aplicable. 2012 state tax form Exenta, a menos que sea una embarcación de más de diez toneladas y la (3) no se aplique. 2012 state tax form 3. 2012 state tax form Un acuerdo con el dueño u operador de la embarcación mediante el cual la persona recibe una porción de la pesca de la embarcación (o dinero en efectivo de la venta del pescado). 2012 state tax form Esta porción depende de la pesca de la embarcación. 2012 state tax form En tales casos la tripulación suele tener menos de 10 personas. 2012 state tax form Exenta, si cualquier remuneración en efectivo es:  (a) $100 o menos por viaje;  (b) Dependiente de la pesca mínima de la embarcación y  (c) Pagada únicamente por funciones adicionales (tales como maestro, ingeniero o cocinero por los cuales la remuneración suele ser pagada en efectivo). 2012 state tax form Exenta, si cualquier remuneración en efectivo es: (a) $100 o menos por viaje;  (b) Dependiente de la pesca mínima de la embarcación y  (c) Pagada únicamente por funciones adicionales (tales como maestro, ingeniero o cocinero por los cuales la remuneración suele ser pagada en efectivo). 2012 state tax form Beneficios marginales. 2012 state tax form Tributable por la cantidad de beneficio recibida por el empleado. 2012 state tax form Esta cantidad se obtiene restando del valor en el mercado del beneficio marginal la cantidad pagada por el empleado y toda cantidad exenta por ley. 2012 state tax form Sin embargo, en ciertos casos corresponden reglas especiales para valorar los beneficios marginales. 2012 state tax form *** Gobiernos extranjeros y organizaciones internacionales. 2012 state tax form Exenta. 2012 state tax form Exenta. 2012 state tax form Servicio en el extranjero por ciudadanos de los Estados Unidos:     Como empleado del Gobierno Federal de los EE. 2012 state tax form UU. 2012 state tax form Tal como los empleados federales que trabajan en los EE. 2012 state tax form UU. 2012 state tax form Exenta. 2012 state tax form (Vea, además, Los empleados federales, anteriormente). 2012 state tax form Por empresas extranjeras asociadas o subsidiarias con patronos de los EE. 2012 state tax form UU. 2012 state tax form y otros patronos privados. 2012 state tax form Exenta, a menos que (a) un patrono estadounidense, mediante acuerdo con el IRS, conceda la protección del Seguro Social a ciudadanos estadounidenses empleados por sus empresas extranjeras afiliadas o subsidiarias o (b) sea un ciudadano de los EE. 2012 state tax form UU. 2012 state tax form que trabaja para un patrono estadounidense. 2012 state tax form Exenta, a menos que (a) el servicio se preste en un barco o avión y el trabajo se haga de acuerdo a un contrato en los EE. 2012 state tax form UU. 2012 state tax form o lo preste un empleado que trabaja en un barco cuando éste toca en un puerto de los EE. 2012 state tax form UU. 2012 state tax form o (b) un ciudadano de los EE. 2012 state tax form UU. 2012 state tax form que trabaja para un patrono estadounidense (que no esté en un país contiguo con el cual los EE. 2012 state tax form UU. 2012 state tax form tiene un acuerdo sobre cómo se trata la compensación por desempleo) o para un patrono en las Islas Vírgenes. 2012 state tax form Empleados del gobierno (que no sea el gobierno federal). 2012 state tax form Consulte al Servicio Federal de Rentas Internas en Puerto Rico. 2012 state tax form Consulte al Servicio Federal de Rentas Internas en Puerto Rico. 2012 state tax form Trabajo industrial hecho en el hogar:     1. 2012 state tax form Por empleados bajo la ley común. 2012 state tax form Tributable. 2012 state tax form Tributable. 2012 state tax form 2. 2012 state tax form Por empleados sujetos a las disposiciones estatutarias (vea el apartado 2 ). 2012 state tax form Tributable, si se les pagan $100 o más en  efectivo en un año. 2012 state tax form Exenta. 2012 state tax form Médicos internos empleados en hospitales. 2012 state tax form Tributable. 2012 state tax form Exenta. 2012 state tax form Trabajadores domésticos:     Servicio doméstico en la residencia privada del patrono. 2012 state tax form Además, vea Servicio doméstico en clubes universitarios, fraternidades y hermandades femeninas (sororities), anteriormente. 2012 state tax form Tributable si se hacen los pagos en efectivo de $1,900 o más durante el año 2014. 2012 state tax form Es exenta si los servicios son prestados por un individuo menor de 18 años de edad durante cualquier porción del año natural y los servicios no son la ocupación principal del empleado. 2012 state tax form Tributable, si el total de los salarios pagados en efectivo ascienden a $1,000 o más (para todos sus empleados domésticos) en cualquier trimestre natural del año actual o anterior. 2012 state tax form Agentes de seguros o solicitadores:     1. 2012 state tax form Vendedores de seguros a tiempo completo. 2012 state tax form Tributable. 2012 state tax form Exenta, si no es un empleado de acuerdo a la ley común y si es remunerado únicamente por comisiones. 2012 state tax form 2. 2012 state tax form Otros vendedores de seguros de vida, accidente, etc. 2012 state tax form Tributable, solamente si es un empleado de acuerdo a la ley común. 2012 state tax form Exenta, si no es un empleado de acuerdo a la ley común y si es remunerado únicamente por comisiones. 2012 state tax form Interés no realizado sobre préstamos por debajo de la tasa correspondiente del mercado relacionados con la compensación y considerados descuento de emisión original. 2012 state tax form (Vea la sección 7872 del Código Federal de Rentas Internas y los reglamentos correspondientes para más detalles). 2012 state tax form Vea la Publicación 15-A, en inglés. 2012 state tax form Vea la Publicación 15-A, en inglés. 2012 state tax form ***Los beneficios proporcionados de acuerdo con los planes llamados “planes cafetería” podrían reunir los requisitos para ser excluidos de los salarios para propósitos de la contribución al Seguro Social, al seguro Medicare y al fondo federal para el desempleo. 2012 state tax form Reglas especiales para varias clases de servicios y de pagos Clases especiales de empleo y tipos  especiales de paga Contribuciones sobre la Nómina Para la contribución al Seguro Social y al seguro Medicare (incluyendo la Contribución Adicional al Medicare, cuando los salarios pagados exceden de $200,000), la paga es: Bajo la Ley Federal de Contribución para el Desempleo (FUTA), la paga es: Comidas y alojamiento, incluyendo los que se le proporcionan a los empleados a un precio reducido. 2012 state tax form (En el caso de empleados domésticos, agrícolas y servicios que no se prestan en el curso normal de un negocio o profesión, vea Pagos en especie, más adelante). 2012 state tax form 1. 2012 state tax form Comidas: Tributables, excepto si son proporcionadas por el patrono, para la conveniencia de éste, en el negocio del patrono. 2012 state tax form Para información acerca de la exclusión de beneficios marginales mínimos, vea la sección 132(e) del Código. 2012 state tax form  2. 2012 state tax form Alojamiento: Tributable, excepto si es proporcionado por el patrono, para la conveniencia de éste, en el negocio del patrono y como requisito para mantener el empleo. 2012 state tax form 1. 2012 state tax form Comidas: Tributables, excepto si son proporcionadas por el patrono, para la conveniencia de éste, en el negocio del patrono. 2012 state tax form Para información acerca de la exclusión de beneficios marginales mínimos, vea la sección 132(e) del Código. 2012 state tax form  2. 2012 state tax form Alojamiento: Tributable, excepto si es proporcionado por el patrono, para la conveniencia de éste, en el negocio del patrono y como requisito para mantener el empleo. 2012 state tax form Ministros de iglesias que ejercen como tal. 2012 state tax form Exenta. 2012 state tax form Exenta. 2012 state tax form Reembolsos de gastos de mudanza:     1. 2012 state tax form Gastos calificados. 2012 state tax form Exenta, a menos que usted tenga conocimiento de que el empleado dedujo los gastos en un año anterior. 2012 state tax form Exenta, a menos que usted tenga conocimiento de que el empleado dedujo los gastos en un año anterior. 2012 state tax form 2. 2012 state tax form Gastos no calificados. 2012 state tax form Tributable. 2012 state tax form Tributable. 2012 state tax form Pagos en especie:     a. 2012 state tax form A trabajadores domésticos o agrícolas y a trabajadores que presten servicios no relacionados con el oficio o negocio del patrono. 2012 state tax form Exenta. 2012 state tax form Exenta. 2012 state tax form b. 2012 state tax form A ciertos vendedores comisionistas al detal a los cuales se les paga únicamente en efectivo a base de comisión. 2012 state tax form Tributable. 2012 state tax form Tributable. 2012 state tax form Organizaciones sin fines de lucro:     1. 2012 state tax form Organizaciones religiosas, docentes, caritativas, etc. 2012 state tax form , del tipo descrito en la sec. 2012 state tax form 501(c)(3) y exentas de la contribución federal sobre ingresos bajo la sec. 2012 state tax form 501(a) del Código Federal de Rentas Internas. 2012 state tax form Tributable si la remuneración durante el año asciende a $100 o más. 2012 state tax form Las iglesias y ciertas organizaciones calificadas que están dirigidas por iglesias que por motivos religiosos se oponen al Seguro Social, pueden solicitar que se les exima del pago de la contribución patronal al Seguro Social y al Medicare. 2012 state tax form La solicitud deberá hacerla en el Formulario 8274, Certification by Churches and Qualified Church-Controlled Organizations Electing Exemption From Employer Social Security and Medicare Taxes, en inglés. 2012 state tax form Exenta. 2012 state tax form 2. 2012 state tax form Corporaciones establecidas por el Congreso de acuerdo con la Sec. 2012 state tax form 501(c) del Código Federal de Rentas Internas. 2012 state tax form Tributable si el empleado gana $100 o más en un año, a menos que sus servicios estén exentos de acuerdo con la sec. 2012 state tax form 3121(b)(5) ó (6) del Código Federal de Rentas Internas. 2012 state tax form Tributable si el empleado gana $50 o más en un año, a menos que sus servicios estén exentos de acuerdo con la sec. 2012 state tax form 3306(c)(6) del Código Federal de Rentas Internas. 2012 state tax form 3. 2012 state tax form Otras organizaciones exentas bajo la sec. 2012 state tax form 501(a) que no sean un plan de pensiones, de participación en los beneficios, o un plan de bonificación en acciones descrito en la sec. 2012 state tax form 401(a) o bajo la Sec. 2012 state tax form 521 del Código Federal de Rentas Internas. 2012 state tax form Tributable si el empleado gana $100 o más en un año. 2012 state tax form Tributable si el empleado gana $50 o más en un trimestre. 2012 state tax form Socios colectivos Exentos. 2012 state tax form Exentos. 2012 state tax form Pacientes empleados en hospitales. 2012 state tax form Tributable (exenta en el caso de los hospitales estatales o locales). 2012 state tax form Exenta. 2012 state tax form Órdenes religiosas: Miembros que, de acuerdo con las instrucciones que han recibido de la orden, prestan servicios:     1. 2012 state tax form En nombre de la orden, de la iglesia dirigente o de una institución asociada. 2012 state tax form Exenta, a menos que el miembro haya hecho un voto de pobreza y la orden religiosa, o una subdivisión independiente de ésta, opte irrevocablemente por la protección del seguro para todos su miembros activos. 2012 state tax form Exenta. 2012 state tax form 2. 2012 state tax form En nombre de cualquier organización que no sea una de las que se han mencionado en punto (1), anteriormente. 2012 state tax form Tributable. 2012 state tax form Tributable. 2012 state tax form Reglas especiales para varias clases de servicios y de pagos Clases especiales de empleo y tipos  especiales de paga Contribuciones sobre la Nómina Para la contribución al Seguro Social y al seguro Medicare (incluyendo la Contribución Adicional al Medicare, cuando los salarios pagados exceden de $200,000), la paga es: Bajo la Ley Federal de Contribución para el Desempleo (FUTA), la paga es: Planes de retiro y de pensión o anualidad:     1. 2012 state tax form Aportaciones efectuadas por el patrono a un plan calificado. 2012 state tax form Exenta. 2012 state tax form Exenta. 2012 state tax form 2. 2012 state tax form Aportaciones electivas del empleado y pagos diferidos a un plan que contiene un arreglo calificado de efectivo o remuneración diferida (por ejemplo, un plan 401(k)). 2012 state tax form Tributable. 2012 state tax form Tributable. 2012 state tax form 3. 2012 state tax form Aportaciones efectuadas por el empleado a ciertas cuentas de reducción en el salario (SIMPLE). 2012 state tax form Tributable. 2012 state tax form Tributable. 2012 state tax form 4. 2012 state tax form Aportaciones efectuadas por el patrono a ciertas cuentas personales de retiro de acuerdo a un plan simplificado de pensión del empleado (SEP). 2012 state tax form Exenta, excepto por cantidades aportadas mediante un acuerdo de reducción en el salario (SEP). 2012 state tax form Exenta, excepto por cantidades aportadas mediante un acuerdo de reducción en el salario (SEP). 2012 state tax form 5. 2012 state tax form Aportaciones efectuadas por el patrono a ciertos contratos de pagar anualidades descritos en la sección 403(b) del Código Federal de Rentas Internas. 2012 state tax form Tributable, si se paga mediante un acuerdo de reducción en el salario (por escrito o de otra manera). 2012 state tax form Tributable, si se paga mediante un acuerdo de reducción en el salario (por escrito o de otra manera). 2012 state tax form 6. 2012 state tax form Reparticiones de planes calificados de retiro y de pensión y de ciertas anualidades descritas en la sección 403(b) del Código Federal de Rentas Internas. 2012 state tax form Exenta. 2012 state tax form Exenta. 2012 state tax form       Vendedores: 1. 2012 state tax form Empleados conforme al derecho común. 2012 state tax form Tributable. 2012 state tax form Tributable. 2012 state tax form 2. 2012 state tax form Empleados estatutarios (referidos en el apartado 2 ). 2012 state tax form Tributable. 2012 state tax form Tributable excepto para los agentes de seguro que trabajan a tiempo completo. 2012 state tax form 3. 2012 state tax form Individuos a quien la ley no los clasifica como empleados (agentes de bienes raíces y vendedores directos). 2012 state tax form Exentos. 2012 state tax form Se tratan como trabajadores por cuenta propia, si todos los pagos están directamente relacionados con las ventas o la producción de otro tipo y servicios prestados como empleados independientes según acordado en el contrato escrito. 2012 state tax form Los vendedores directos tienen que estar en el negocio de venta de otros productos de consumo. 2012 state tax form El negocio de venta no puede estar localizado en un establecimiento permanente. 2012 state tax form Indemnización por separación del empleo. 2012 state tax form Tributable. 2012 state tax form Tributable. 2012 state tax form Pagos por concepto de enfermedad o lesiones:     1. 2012 state tax form Bajo la ley de compensación a trabajadores. 2012 state tax form Exenta. 2012 state tax form Exenta. 2012 state tax form 2. 2012 state tax form Bajo ciertos planes patronales. 2012 state tax form Exenta después que transcurran 6 meses naturales, contados éstos a partir del primer mes que sigue al último mes en que el empleado trabajó para el patrono. 2012 state tax form Exenta después que transcurran 6 meses naturales, contados éstos a partir del primer mes que sigue al último mes en que el empleado trabajó para el patrono. 2012 state tax form 3. 2012 state tax form Bajo planes que no son patronales. 2012 state tax form Exenta después que transcurran 6 meses naturales, contados éstos a partir del primer mes que sigue al último mes en que el empleado trabajó para el patrono. 2012 state tax form Exenta después que transcurran 6 meses naturales, contados éstos a partir del primer mes que sigue al último mes en que el empleado trabajó para el patrono. 2012 state tax form Estudiantes:     1. 2012 state tax form Estudiante matriculado y que asiste regularmente a clases (con dedicación parcial, o su equivalente, al menos, mientras se dedica a un plan de estudios) y que presta servicios para una:     a. 2012 state tax form Escuela privada, institución de enseñanza superior o universidad. 2012 state tax form Exenta. 2012 state tax form Exenta. 2012 state tax form b. 2012 state tax form Organización auxiliar sin fines de lucro operada y controlada por una escuela, institución de enseñanza superior o universidad. 2012 state tax form Exenta, a menos que los servicios estén amparados conforme a un acuerdo hecho bajo la sección 218 de la Ley del Seguro Social. 2012 state tax form Exenta. 2012 state tax form c. 2012 state tax form Escuela pública, institución de enseñanza superior o universidad. 2012 state tax form Exenta, a menos que los servicios estén amparados conforme a un acuerdo hecho bajo la sección 218 de la Ley del Seguro Social. 2012 state tax form Exenta. 2012 state tax form 2. 2012 state tax form Estudiante con dedicación completa que presta servicios a cambio de recibir crédito académico, así combinando su instrucción académica con su experiencia en el trabajo como parte esencial de su programa de estudios. 2012 state tax form Tributable. 2012 state tax form Exenta, a menos que se haya establecido el programa para, o en nombre de, un patrono o un grupo de patronos. 2012 state tax form 3. 2012 state tax form Estudiante para enfermero que presta servicios de tiempo parcial por una paga insignificante en un hospital sólo para cumplir con los requisitos de su adiestramiento. 2012 state tax form Exenta. 2012 state tax form Exenta. 2012 state tax form 4. 2012 state tax form Estudiante empleado por un campamento organizado. 2012 state tax form Tributable. 2012 state tax form Exenta. 2012 state tax form Beneficios suplementarios de la compensación por desempleo Exentos bajo ciertas condiciones, vea la Publicación 15-A, en inglés. 2012 state tax form Propinas:     1. 2012 state tax form Si ascienden a $20 o más en un mes. 2012 state tax form Tributable. 2012 state tax form Tributable por el total de propinas declaradas por escrito al patrono. 2012 state tax form 2. 2012 state tax form Si ascienden a menos de $20 en un mes. 2012 state tax form Exenta. 2012 state tax form Exenta. 2012 state tax form Compensación del seguro obrero. 2012 state tax form Exenta. 2012 state tax form Exenta. 2012 state tax form Repartidores de periódicos menores de 18 años de edad que efectúan entrega directamente al consumidor. 2012 state tax form Exenta. 2012 state tax form Exenta. 2012 state tax form   Cómo obtener ayuda relacionada con las contribuciones Ya sea si necesita ayuda con un asunto contributivo, o si necesita obtener gratuitamente un formulario o publicación, obtenga la ayuda que necesite de la manera que le sea conveniente a usted. 2012 state tax form Acceda a la Internet, utilice un teléfono inteligente (smartphone), llame o visite a una oficina del IRS cerca de usted. 2012 state tax form Ayuda relacionada con las contribuciones. 2012 state tax form   Si necesita información relacionada con las contribuciones sobre la nómina, puede llamar al 1-800-829-4933. 2012 state tax form Si es usuario de equipo TDD/TTY para personas que son sordas, tienen dificultades auditivas o tienen impedimentos del habla, puede llamar al 1-800-829-4059. 2012 state tax form Patronos en Puerto Rico. 2012 state tax form   Si es patrono en Puerto Rico, entonces utiliza el Formulario 499R-2/W-2PR para informarle a sus empleados sobre los ingresos devengados y las contribuciones estatales y federales retenidas. 2012 state tax form Puede obtener este formulario en el Departamento de Hacienda, llamando al (787) 722-0216. 2012 state tax form Si desea más información sobre este formulario, acceda al sitio web www. 2012 state tax form hacienda. 2012 state tax form gobierno. 2012 state tax form pr. 2012 state tax form Internet. 2012 state tax form    IRS. 2012 state tax form gov y IRS2Go están listos cuando usted lo está las 24 horas del día, los 7 días de la semana. 2012 state tax form Descargue la aplicación gratuita IRS2Go de la tienda de aplicaciones iTunes o Google Play. 2012 state tax form Utilice la aplicación para verificar el estado de su reembolso, pedir transcripciones de su declaración de contribución o su cuenta tributaria, ver el canal del IRS en YouTube, obtener noticias relacionadas con el IRS tan pronto se difundan al público, suscribirse a noticias actualizadas relacionadas con la temporada de radicación de declaraciones o consejos contributivos diarios y seguir las noticias que el IRS publica en Twitter, en @IRSnews, para obtener las noticias sobre las contribuciones federales más recientes, incluyendo información acerca de cambios en la ley tributaria y programas importantes del IRS. 2012 state tax form Utilice el Tax Trails (Caminos contributivos), disponible en inglés, que es uno de los temas contributivos que está disponible en IRS. 2012 state tax form gov, el cual contiene información tributaria para personas físicas y negocios. 2012 state tax form Además, también puede buscar el IRS Tax Map (Mapa contributivo del IRS), en inglés, el cual incluye un índice de temas contributivos para contribuyentes internacionales. 2012 state tax form Puede utilizar el Mapa contributivo del IRS para buscar en las publicaciones y las instrucciones por tema o palabra clave. 2012 state tax form El mapa contributivo del IRS une los formularios y publicaciones del IRS dentro de un recurso de búsqueda y provee un punto de acceso a información sobre la ley tributaria por tema. 2012 state tax form Si busca en el Mapa contributivo del IRS, encontrará enlaces al material relacionado en las publicaciones, formularios e instrucciones, preguntas y respuestas y Temas Contributivos del IRS. 2012 state tax form Lea temas contributivos que le proveerán información sobre las contribuciones patronales y otra información contributiva para los residentes de Puerto Rico. 2012 state tax form Si desea ver estos temas, acceda a IRS. 2012 state tax form gov/espanol y pulse sobre el enlace titulado “Temas Contributivos”. 2012 state tax form Luego, busque la serie de temas número “900”, los cuales proveen información para residentes de Puerto Rico. 2012 state tax form Visite la sección Understanding Your IRS Notice or Letter (Información sobre avisos del IRS) para recibir respuestas a preguntas sobre un aviso o carta que recibió del IRS. 2012 state tax form Efectúe un pago utilizando una de las opciones seguras y convenientes de pago electrónico que están disponibles en IRS. 2012 state tax form gov. 2012 state tax form Si desea más información, seleccione la pestaña titulada Payment (Pago), desde la página principal IRS. 2012 state tax form gov. 2012 state tax form La información está disponible en inglés. 2012 state tax form Solicite un PIN de Declaración Electrónica accediendo a IRS. 2012 state tax form gov/espanol e ingresando las palabras claves “PIN de declaración electrónica” en la casilla Search (Buscar). 2012 state tax form Descargue formularios, instrucciones y publicaciones, incluidas algunas versiones accesibles de los mismos para personas con discapacidades. 2012 state tax form Localice el Centro de Ayuda al Contribuyente del IRS. 2012 state tax form En la casilla Search (Buscar) escriba local offices, en inglés en IRS. 2012 state tax form gov. 2012 state tax form En IRS2Go, escoja la opción Contact Us (Comunicarse con nosotros) y luego local offices, en inglés. 2012 state tax form Un empleado de esa oficina le puede contestar preguntas sobre su cuenta tributaria o ayudarle a establecer un plan de pagos. 2012 state tax form Antes de visitar la oficina, verifique la herramienta local offices para la búsqueda de las oficinas locales en IRS. 2012 state tax form gov o la opción local offices que se encuentra bajo la opción Contact Us, en IRS2Go para que verifique la dirección, el número telefónico, las horas de operación y los servicios que dicha oficina provee. 2012 state tax form Si tiene una necesidad especial, tal como una discapacidad, puede solicitar una cita. 2012 state tax form Llame al número telefónico local para la oficina localizado en la herramienta para la búsqueda de las oficinas locales o busque en la guía telefónica, bajo United States Government, Internal Revenue Service (Gobierno de los Estados Unidos, Servicio de Rentas Internas). 2012 state tax form Solicite un número de identificación del patrono (EIN, por sus siglas en inglés). 2012 state tax form Acceda a IRS. 2012 state tax form gov y escriba las palabras “Apply for an EIN” (Solicitar un EIN), en inglés, en la casilla Search (Buscar). 2012 state tax form Lea el Código Federal de Rentas Internas, los reglamentos u otra información oficial. 2012 state tax form Lea los Internal Revenue Bulletins (Boletines del IRS). 2012 state tax form Suscríbase por medio del correo electrónico para recibir noticias locales y nacionales relacionadas con las contribuciones. 2012 state tax form Simplemente, pulse sobre el enlace titulado Subscriptions, que se encuentra sobre la casilla Search (Buscar) en IRS. 2012 state tax form gov y escoja entre una variedad de opciones. 2012 state tax form Teléfono. 2012 state tax form   Puede llamar al IRS o puede llevarlo en su bolsillo con la aplicación IRS2Go en su teléfono inteligente o tableta. 2012 state tax form Descargue la aplicación gratuita IRS2Go de la tienda de aplicaciones iTunes o Google Play. 2012 state tax form Llame al 1-800-829-3676 (1-800-TAXFORM) para pedir formularios, instrucciones y publicaciones del año actual y formularios e instrucciones de años anteriores (limitado a los últimos 5 años). 2012 state tax form Deberá recibir su pedido dentro de 10 días laborables. 2012 state tax form Llame para escuchar los temas TeleTax, al 1-800-829-4477, para escuchar mensajes grabados en español sobre varios temas generales relacionados con las contribuciones federales y negocios. 2012 state tax form Llame si utiliza equipo TTY/TDD al 1-800-829-4059, para realizar sus preguntas sobre impuestos o para pedir formularios y publicaciones. 2012 state tax form El número telefónico TTY/TDD es para las personas que son sordas, quienes tienen problemas auditivos o quienes tienen una incapacidad del habla. 2012 state tax form Estas personas pueden acceder al IRS a través de servicios de retransmisión, tal como el Servicio Federal de Retransmisión, en inglés. 2012 state tax form Visitas en persona. 2012 state tax form   Puede encontrar una variedad de formularios, publicaciones y servicios en persona. 2012 state tax form Antes de visitar, verifique los días, horas de operación, y los servicios prestados. 2012 state tax form Productos. 2012 state tax form Puede visitar diversas oficinas de correos, bibliotecas y oficinas del IRS para obtener formularios, instrucciones y publicaciones. 2012 state tax form Algunas oficinas del IRS, bibliotecas, oficinas de gobiernos de ciudades y condados tienen una colección de productos que se pueden fotocopiar del documento original impreso. 2012 state tax form Servicios. 2012 state tax form Usted puede visitar su Centro de Ayuda al Contribuyente (TAC, por sus siglas en inglés) en Puerto Rico en la mayoría de los días laborables para recibir ayuda en persona con respecto a todo problema relacionado con las contribuciones. 2012 state tax form Un empleado de esa oficina le puede contestar preguntas sobre su cuenta contributiva o le puede ayudar a establecer un plan de pagos. 2012 state tax form Antes de visitar la oficina, verifique en www. 2012 state tax form irs. 2012 state tax form gov/uac/Contact-My-Local-Office-in-Puerto-Rico en IRS. 2012 state tax form gov o la opción local offices, que se encuentra bajo la opción Contact Us, en IRS2Go para que verifique los días y las horas de operación y los servicios que dicha oficina provee. 2012 state tax form Correo. 2012 state tax form   Puede enviar su pedido para formularios, instrucciones y publicaciones a la dirección que aparece a continuación. 2012 state tax form Recibirá una contestación dentro de 10 días laborables después de que recibamos su solicitud. 2012 state tax form  Internal Revenue Service 1201 N. 2012 state tax form Mitsubishi Motorway Bloomington, IL 61705-6613 Servicio del Defensor del Contribuyente. 2012 state tax form   El Servicio del Defensor del Contribuyente está aquí para ayudarlo a usted. 2012 state tax form El Servicio del Defensor del Contribuyente ( TAS , por sus siglas en inglés) es su voz ante el IRS. 2012 state tax form Nuestro deber es asegurar que a cada contribuyente se le trate de forma justa, y que usted conozca y entienda sus derechos. 2012 state tax form   ¿Qué puede hacer TAS por usted? Le ofrecemos ayuda gratuita para ayudarle a resolver problemas con el IRS que no ha podido resolver usted mismo. 2012 state tax form Sabemos que este proceso puede ser confuso, pero, ¡lo peor que se puede hacer es no hacer nada! TAS le puede ayudar si usted no puede resolver su problema contributivo con el IRS y además: Su problema le causa dificultades financieras a usted, su familia o su negocio. 2012 state tax form Usted (o su negocio) está enfrentando la amenaza de una acción adversa inmediata. 2012 state tax form Usted ha intentado, vez tras vez, de comunicarse con el IRS, pero nadie le ha respondido, o si el IRS no le ha respondido para la fecha prometida. 2012 state tax form   Si usted reúne los requisitos para recibir nuestra ayuda, se le asignará un defensor, quien estará a su lado en cada paso del camino y quien hará lo posible para resolver su problema. 2012 state tax form Nosotros le podemos ayudar porque: TAS es una organización independiente dentro del IRS. 2012 state tax form Nuestros servicios son gratuitos y se modifican para satisfacer la necesidades de usted. 2012 state tax form Nuestros defensores saben cómo trabajar con el IRS. 2012 state tax form   Tenemos oficinas en cada estado, el Distrito de Columbia y Puerto Rico. 2012 state tax form que le ayudarán a entender sus derechos. 2012 state tax form ¿Cómo se puede comunicar con nosotros? Si usted cree que TAS posiblemente le puede ayudar, llame a su defensor local, cuyo número telefónico se halla en el directorio telefónico y también en la página del Servicio del Defensor del Contribuyente, disponible en inglés. 2012 state tax form O, nos puede llamar libre de cargos al 1-877-777-4778. 2012 state tax form   ¿Además de esto, de qué otra manera ayuda TAS a los contribuyentes? TAS se ocupa de resolver problemas de gran escala o problemas sistémicos que afectan a muchos contribuyentes. 2012 state tax form Si usted conoce alguno de estos asuntos, favor de informarnos a través del Sistema de Administración de la Defensa Sistémica, en inglés. 2012 state tax form Clínicas para Contribuyentes de Bajos Recursos. 2012 state tax form   El programa de Clínicas para Contribuyentes de Bajos Recursos (LITC, por sus siglas en inglés) sirve a las personas de escasos recursos con algún problema con el Servicio de Rentas Internas. 2012 state tax form La mayoría de los LITCs proporcionan representación ante el IRS en auditorias, disputas por cobros y otros asuntos en forma gratuita o por un costo nominal. 2012 state tax form Si el idioma materno de la persona no es inglés, algunas clínicas proporcionan información multilingüe respecto a los derechos y responsabilidades del contribuyente. 2012 state tax form Visite el sitio www. 2012 state tax form irs. 2012 state tax form gov/Spanish/¡Clínicas-para-Contribuyentes-de-Bajos-Recursos! o vea la Publicación 4134(SP) – Lista de Clínicas para Contribuyentes de Bajos Recursos, que proporciona información respecto a las clínicas en su área. 2012 state tax form Prev  Up  Next   Home   More Online Publications
Español

Better Business Bureaus (BBBs) are nonprofit organizations that encourage honest advertising and selling practices and are supported primarily by local businesses. They offer a variety of consumer services, including consumer education materials; business reports, particularly unanswered or unsettled complaints or other problems; mediation and arbitration services; and information about charities and other organizations that are seeking public donations. They also provide ratings (A, B, C, D, or F) of local companies to express the BBB's confidence that the company operates in a trustworthy manner and demonstrates a willingness to resolve customer concerns.

Burnsville, MN

Website: Better Business Bureau

Email: ask@thefirstbbb.org

Address: Better Business Bureau
220 S. River Ridge Circle
Burnsville, MN 55337

Phone Number: 651-699-1111

Toll-free: 1-800-646-6222

The 2012 State Tax Form

2012 state tax form 2. 2012 state tax form   Ordinary or Capital Gain or Loss Table of Contents IntroductionSection 1231 transactions. 2012 state tax form Topics - This chapter discusses: Useful Items - You may want to see: Capital Assets Noncapital AssetsCommodities derivative dealer. 2012 state tax form Sales and Exchanges Between Related PersonsGain Is Ordinary Income Nondeductible Loss Other DispositionsSale of a Business Dispositions of Intangible Property Subdivision of Land Timber Precious Metals and Stones, Stamps, and Coins Coal and Iron Ore Conversion Transactions Introduction You must classify your gains and losses as either ordinary or capital (and your capital gains or losses as either short-term or long-term). 2012 state tax form You must do this to figure your net capital gain or loss. 2012 state tax form For individuals, a net capital gain may be taxed at a different tax rate than ordinary income. 2012 state tax form See Capital Gains Tax Rates in chapter 4. 2012 state tax form Your deduction for a net capital loss may be limited. 2012 state tax form See Treatment of Capital Losses in chapter 4. 2012 state tax form Capital gain or loss. 2012 state tax form   Generally, you will have a capital gain or loss if you sell or exchange a capital asset. 2012 state tax form You also may have a capital gain if your section 1231 transactions result in a net gain. 2012 state tax form Section 1231 transactions. 2012 state tax form   Section 1231 transactions are sales and exchanges of property held longer than 1 year and either used in a trade or business or held for the production of rents or royalties. 2012 state tax form They also include certain involuntary conversions of business or investment property, including capital assets. 2012 state tax form See Section 1231 Gains and Losses in chapter 3 for more information. 2012 state tax form Topics - This chapter discusses: Capital assets Noncapital assets Sales and exchanges between  related persons Other dispositions Useful Items - You may want to see: Publication 550 Investment Income and Expenses Form (and Instructions) Schedule D (Form 1040) Capital Gains and Losses 4797 Sales of Business Property 8594 Asset Acquisition Statement Under Section 1060 8949 Sales and Other Dispositions of Capital Assets See chapter 5 for information about getting publications and forms. 2012 state tax form Capital Assets Almost everything you own and use for personal purposes, pleasure, or investment is a capital asset. 2012 state tax form For exceptions, see Noncapital Assets, later. 2012 state tax form The following items are examples of capital assets. 2012 state tax form Stocks and bonds. 2012 state tax form A home owned and occupied by you and your family. 2012 state tax form Timber grown on your home property or investment property, even if you make casual sales of the timber. 2012 state tax form Household furnishings. 2012 state tax form A car used for pleasure or commuting. 2012 state tax form Coin or stamp collections. 2012 state tax form Gems and jewelry. 2012 state tax form Gold, silver, and other metals. 2012 state tax form Personal-use property. 2012 state tax form   Generally, property held for personal use is a capital asset. 2012 state tax form Gain from a sale or exchange of that property is a capital gain. 2012 state tax form Loss from the sale or exchange of that property is not deductible. 2012 state tax form You can deduct a loss relating to personal-use property only if it results from a casualty or theft. 2012 state tax form Investment property. 2012 state tax form   Investment property (such as stocks and bonds) is a capital asset, and a gain or loss from its sale or exchange is a capital gain or loss. 2012 state tax form This treatment does not apply to property used to produce rental income. 2012 state tax form See Business assets, later, under Noncapital Assets. 2012 state tax form Release of restriction on land. 2012 state tax form   Amounts you receive for the release of a restrictive covenant in a deed to land are treated as proceeds from the sale of a capital asset. 2012 state tax form Noncapital Assets A noncapital asset is property that is not a capital asset. 2012 state tax form The following kinds of property are not capital assets. 2012 state tax form Stock in trade, inventory, and other property you hold mainly for sale to customers in your trade or business. 2012 state tax form Inventories are discussed in Publication 538, Accounting Periods and Methods. 2012 state tax form But, see the Tip below. 2012 state tax form Accounts or notes receivable acquired in the ordinary course of a trade or business for services rendered or from the sale of any properties described in (1), above. 2012 state tax form Depreciable property used in your trade or business or as rental property (including section 197 intangibles defined later), even if the property is fully depreciated (or amortized). 2012 state tax form Sales of this type of property are discussed in chapter 3. 2012 state tax form Real property used in your trade or business or as rental property, even if the property is fully depreciated. 2012 state tax form A copyright; a literary, musical, or artistic composition; a letter; a memorandum; or similar property (such as drafts of speeches, recordings, transcripts, manuscripts, drawings, or photographs): Created by your personal efforts, Prepared or produced for you (in the case of a letter, memorandum, or similar property), or Received from a person who created the property or for whom the property was prepared under circumstances (for example, by gift) entitling you to the basis of the person who created the property, or for whom it was prepared or produced. 2012 state tax form But, see the Tip below. 2012 state tax form U. 2012 state tax form S. 2012 state tax form Government publications you got from the government for free or for less than the normal sales price or that you acquired under circumstances entitling you to the basis of someone who got the publications for free or for less than the normal sales price. 2012 state tax form Any commodities derivative financial instrument (discussed later) held by a commodities derivatives dealer unless it meets both of the following requirements. 2012 state tax form It is established to the satisfaction of the IRS that the instrument has no connection to the activities of the dealer as a dealer. 2012 state tax form The instrument is clearly identified in the dealer's records as meeting (a) by the end of the day on which it was acquired, originated, or entered into. 2012 state tax form Any hedging transaction (defined later) that is clearly identified as a hedging transaction by the end of the day on which it was acquired, originated, or entered into. 2012 state tax form Supplies of a type you regularly use or consume in the ordinary course of your trade or business. 2012 state tax form You can elect to treat as capital assets certain self-created musical compositions or copyrights you sold or exchanged. 2012 state tax form See chapter 4 of Publication 550 for details. 2012 state tax form Property held mainly for sale to customers. 2012 state tax form   Stock in trade, inventory, and other property you hold mainly for sale to customers in your trade or business are not capital assets. 2012 state tax form Inventories are discussed in Publication 538. 2012 state tax form Business assets. 2012 state tax form   Real property and depreciable property used in your trade or business or as rental property (including section 197 intangibles defined later under Dispositions of Intangible Property) are not capital assets. 2012 state tax form The sale or disposition of business property is discussed in chapter 3. 2012 state tax form Letters and memoranda. 2012 state tax form   Letters, memoranda, and similar property (such as drafts of speeches, recordings, transcripts, manuscripts, drawings, or photographs) are not treated as capital assets (as discussed earlier) if your personal efforts created them or if they were prepared or produced for you. 2012 state tax form Nor is this property a capital asset if your basis in it is determined by reference to the person who created it or the person for whom it was prepared. 2012 state tax form For this purpose, letters and memoranda addressed to you are considered prepared for you. 2012 state tax form If letters or memoranda are prepared by persons under your administrative control, they are considered prepared for you whether or not you review them. 2012 state tax form Commodities derivative financial instrument. 2012 state tax form   A commodities derivative financial instrument is a commodities contract or other financial instrument for commodities (other than a share of corporate stock, a beneficial interest in a partnership or trust, a note, bond, debenture, or other evidence of indebtedness, or a section 1256 contract) the value or settlement price of which is calculated or determined by reference to a specified index (as defined in section 1221(b) of the Internal Revenue Code). 2012 state tax form Commodities derivative dealer. 2012 state tax form   A commodities derivative dealer is a person who regularly offers to enter into, assume, offset, assign, or terminate positions in commodities derivative financial instruments with customers in the ordinary course of a trade or business. 2012 state tax form Hedging transaction. 2012 state tax form   A hedging transaction is any transaction you enter into in the normal course of your trade or business primarily to manage any of the following. 2012 state tax form Risk of price changes or currency fluctuations involving ordinary property you hold or will hold. 2012 state tax form Risk of interest rate or price changes or currency fluctuations for borrowings you make or will make, or ordinary obligations you incur or will incur. 2012 state tax form Sales and Exchanges Between Related Persons This section discusses the rules that may apply to the sale or exchange of property between related persons. 2012 state tax form If these rules apply, gains may be treated as ordinary income and losses may not be deductible. 2012 state tax form See Transfers to Spouse in chapter 1 for rules that apply to spouses. 2012 state tax form Gain Is Ordinary Income If a gain is recognized on the sale or exchange of property to a related person, the gain may be ordinary income even if the property is a capital asset. 2012 state tax form It is ordinary income if the sale or exchange is a depreciable property transaction or a controlled partnership transaction. 2012 state tax form Depreciable property transaction. 2012 state tax form   Gain on the sale or exchange of property, including a leasehold or a patent application, that is depreciable property in the hands of the person who receives it is ordinary income if the transaction is either directly or indirectly between any of the following pairs of entities. 2012 state tax form A person and the person's controlled entity or entities. 2012 state tax form A taxpayer and any trust in which the taxpayer (or his or her spouse) is a beneficiary unless the beneficiary's interest in the trust is a remote contingent interest; that is, the value of the interest computed actuarially is 5% or less of the value of the trust property. 2012 state tax form An executor and a beneficiary of an estate unless the sale or exchange is in satisfaction of a pecuniary bequest (a bequest for a sum of money). 2012 state tax form An employer (or any person related to the employer under rules (1), (2), or (3)) and a welfare benefit fund (within the meaning of section 419(e) of the Internal Revenue Code) that is controlled directly or indirectly by the employer (or any person related to the employer). 2012 state tax form Controlled entity. 2012 state tax form   A person's controlled entity is either of the following. 2012 state tax form A corporation in which more than 50% of the value of all outstanding stock, or a partnership in which more than 50% of the capital interest or profits interest, is directly or indirectly owned by or for that person. 2012 state tax form An entity whose relationship with that person is one of the following. 2012 state tax form A corporation and a partnership if the same persons own more than 50% in value of the outstanding stock of the corporation and more than 50% of the capital interest or profits interest in the partnership. 2012 state tax form Two corporations that are members of the same controlled group as defined in section 1563(a) of the Internal Revenue Code, except that “more than 50%” is substituted for “at least 80%” in that definition. 2012 state tax form Two S corporations, if the same persons own more than 50% in value of the outstanding stock of each corporation. 2012 state tax form Two corporations, one of which is an S corporation, if the same persons own more than 50% in value of the outstanding stock of each corporation. 2012 state tax form Controlled partnership transaction. 2012 state tax form   A gain recognized in a controlled partnership transaction may be ordinary income. 2012 state tax form The gain is ordinary income if it results from the sale or exchange of property that, in the hands of the party who receives it, is a noncapital asset such as trade accounts receivable, inventory, stock in trade, or depreciable or real property used in a trade or business. 2012 state tax form   A controlled partnership transaction is a transaction directly or indirectly between either of the following pairs of entities. 2012 state tax form A partnership and a person who directly or indirectly owns more than 50% of the capital interest or profits interest in the partnership. 2012 state tax form Two partnerships, if the same persons directly or indirectly own more than 50% of the capital interests or profits interests in both partnerships. 2012 state tax form Determining ownership. 2012 state tax form   In the transactions under Depreciable property transaction and Controlled partnership transaction, earlier, use the following rules to determine the ownership of stock or a partnership interest. 2012 state tax form Stock or a partnership interest directly or indirectly owned by or for a corporation, partnership, estate, or trust is considered owned proportionately by or for its shareholders, partners, or beneficiaries. 2012 state tax form (However, for a partnership interest owned by or for a C corporation, this applies only to shareholders who directly or indirectly own 5% or more in value of the stock of the corporation. 2012 state tax form ) An individual is considered as owning the stock or partnership interest directly or indirectly owned by or for his or her family. 2012 state tax form Family includes only brothers, sisters, half-brothers, half-sisters, spouse, ancestors, and lineal descendants. 2012 state tax form For purposes of applying (1) or (2), above, stock or a partnership interest constructively owned by a person under (1) is treated as actually owned by that person. 2012 state tax form But stock or a partnership interest constructively owned by an individual under (2) is not treated as owned by the individual for reapplying (2) to make another person the constructive owner of that stock or partnership interest. 2012 state tax form Nondeductible Loss A loss on the sale or exchange of property between related persons is not deductible. 2012 state tax form This applies to both direct and indirect transactions, but not to distributions of property from a corporation in a complete liquidation. 2012 state tax form For the list of related persons, see Related persons next. 2012 state tax form If a sale or exchange is between any of these related persons and involves the lump-sum sale of a number of blocks of stock or pieces of property, the gain or loss must be figured separately for each block of stock or piece of property. 2012 state tax form The gain on each item is taxable. 2012 state tax form The loss on any item is nondeductible. 2012 state tax form Gains from the sales of any of these items may not be offset by losses on the sales of any of the other items. 2012 state tax form Related persons. 2012 state tax form   The following is a list of related persons. 2012 state tax form Members of a family, including only brothers, sisters, half-brothers, half-sisters, spouse, ancestors (parents, grandparents, etc. 2012 state tax form ), and lineal descendants (children, grandchildren, etc. 2012 state tax form ). 2012 state tax form An individual and a corporation if the individual directly or indirectly owns more than 50% in value of the outstanding stock of the corporation. 2012 state tax form Two corporations that are members of the same controlled group as defined in section 267(f) of the Internal Revenue Code. 2012 state tax form A trust fiduciary and a corporation if the trust or the grantor of the trust directly or indirectly owns more than 50% in value of the outstanding stock of the corporation. 2012 state tax form A grantor and fiduciary, and the fiduciary and beneficiary, of any trust. 2012 state tax form Fiduciaries of two different trusts, and the fiduciary and beneficiary of two different trusts, if the same person is the grantor of both trusts. 2012 state tax form A tax-exempt educational or charitable organization and a person who directly or indirectly controls the organization, or a member of that person's family. 2012 state tax form A corporation and a partnership if the same persons own more than 50% in value of the outstanding stock of the corporation and more than 50% of the capital interest or profits interest in the partnership. 2012 state tax form Two S corporations if the same persons own more than 50% in value of the outstanding stock of each corporation. 2012 state tax form Two corporations, one of which is an S corporation, if the same persons own more than 50% in value of the outstanding stock of each corporation. 2012 state tax form An executor and a beneficiary of an estate unless the sale or exchange is in satisfaction of a pecuniary bequest. 2012 state tax form Two partnerships if the same persons directly or indirectly own more than 50% of the capital interests or profits interests in both partnerships. 2012 state tax form A person and a partnership if the person directly or indirectly owns more than 50% of the capital interest or profits interest in the partnership. 2012 state tax form Partnership interests. 2012 state tax form   The nondeductible loss rule does not apply to a sale or exchange of an interest in the partnership between the related persons described in (12) or (13) above. 2012 state tax form Controlled groups. 2012 state tax form   Losses on transactions between members of the same controlled group described in (3) earlier are deferred rather than denied. 2012 state tax form   For more information, see section 267(f) of the Internal Revenue Code. 2012 state tax form Ownership of stock or partnership interests. 2012 state tax form   In determining whether an individual directly or indirectly owns any of the outstanding stock of a corporation or an interest in a partnership for a loss on a sale or exchange, the following rules apply. 2012 state tax form Stock or a partnership interest directly or indirectly owned by or for a corporation, partnership, estate, or trust is considered owned proportionately by or for its shareholders, partners, or beneficiaries. 2012 state tax form (However, for a partnership interest owned by or for a C corporation, this applies only to shareholders who directly or indirectly own 5% or more in value of the stock of the corporation. 2012 state tax form ) An individual is considered as owning the stock or partnership interest directly or indirectly owned by or for his or her family. 2012 state tax form Family includes only brothers, sisters, half-brothers, half-sisters, spouse, ancestors, and lineal descendants. 2012 state tax form An individual owning (other than by applying (2)) any stock in a corporation is considered to own the stock directly or indirectly owned by or for his or her partner. 2012 state tax form For purposes of applying (1), (2), or (3), stock or a partnership interest constructively owned by a person under (1) is treated as actually owned by that person. 2012 state tax form But stock or a partnership interest constructively owned by an individual under (2) or (3) is not treated as owned by the individual for reapplying either (2) or (3) to make another person the constructive owner of that stock or partnership interest. 2012 state tax form Indirect transactions. 2012 state tax form   You cannot deduct your loss on the sale of stock through your broker if under a prearranged plan a related person or entity buys the same stock you had owned. 2012 state tax form This does not apply to a cross-trade between related parties through an exchange that is purely coincidental and is not prearranged. 2012 state tax form Property received from a related person. 2012 state tax form   If, in a purchase or exchange, you received property from a related person who had a loss that was not allowable and you later sell or exchange the property at a gain, you recognize the gain only to the extent it is more than the loss previously disallowed to the related person. 2012 state tax form This rule applies only to the original transferee. 2012 state tax form Example 1. 2012 state tax form Your brother sold stock to you for $7,600. 2012 state tax form His cost basis was $10,000. 2012 state tax form His loss of $2,400 was not deductible. 2012 state tax form You later sell the same stock to an unrelated party for $10,500, realizing a gain of $2,900 ($10,500 − $7,600). 2012 state tax form Your recognized gain is only $500, the gain that is more than the $2,400 loss not allowed to your brother. 2012 state tax form Example 2. 2012 state tax form Assume the same facts as in Example 1, except that you sell the stock for $6,900 instead of $10,500. 2012 state tax form Your recognized loss is only $700 ($7,600 − $6,900). 2012 state tax form You cannot deduct the loss not allowed to your brother. 2012 state tax form Other Dispositions This section discusses rules for determining the treatment of gain or loss from various dispositions of property. 2012 state tax form Sale of a Business The sale of a business usually is not a sale of one asset. 2012 state tax form Instead, all the assets of the business are sold. 2012 state tax form Generally, when this occurs, each asset is treated as being sold separately for determining the treatment of gain or loss. 2012 state tax form A business usually has many assets. 2012 state tax form When sold, these assets must be classified as capital assets, depreciable property used in the business, real property used in the business, or property held for sale to customers, such as inventory or stock in trade. 2012 state tax form The gain or loss on each asset is figured separately. 2012 state tax form The sale of capital assets results in capital gain or loss. 2012 state tax form The sale of real property or depreciable property used in the business and held longer than 1 year results in gain or loss from a section 1231 transaction (discussed in chapter 3). 2012 state tax form The sale of inventory results in ordinary income or loss. 2012 state tax form Partnership interests. 2012 state tax form   An interest in a partnership or joint venture is treated as a capital asset when sold. 2012 state tax form The part of any gain or loss from unrealized receivables or inventory items will be treated as ordinary gain or loss. 2012 state tax form For more information, see Disposition of Partner's Interest in Publication 541. 2012 state tax form Corporation interests. 2012 state tax form   Your interest in a corporation is represented by stock certificates. 2012 state tax form When you sell these certificates, you usually realize capital gain or loss. 2012 state tax form For information on the sale of stock, see chapter 4 in Publication 550. 2012 state tax form Corporate liquidations. 2012 state tax form   Corporate liquidations of property generally are treated as a sale or exchange. 2012 state tax form Gain or loss generally is recognized by the corporation on a liquidating sale of its assets. 2012 state tax form Gain or loss generally is recognized also on a liquidating distribution of assets as if the corporation sold the assets to the distributee at fair market value. 2012 state tax form   In certain cases in which the distributee is a corporation in control of the distributing corporation, the distribution may not be taxable. 2012 state tax form For more information, see section 332 of the Internal Revenue Code and the related regulations. 2012 state tax form Allocation of consideration paid for a business. 2012 state tax form   The sale of a trade or business for a lump sum is considered a sale of each individual asset rather than of a single asset. 2012 state tax form Except for assets exchanged under any nontaxable exchange rules, both the buyer and seller of a business must use the residual method (explained later) to allocate the consideration to each business asset transferred. 2012 state tax form This method determines gain or loss from the transfer of each asset and how much of the consideration is for goodwill and certain other intangible property. 2012 state tax form It also determines the buyer's basis in the business assets. 2012 state tax form Consideration. 2012 state tax form   The buyer's consideration is the cost of the assets acquired. 2012 state tax form The seller's consideration is the amount realized (money plus the fair market value of property received) from the sale of assets. 2012 state tax form Residual method. 2012 state tax form   The residual method must be used for any transfer of a group of assets that constitutes a trade or business and for which the buyer's basis is determined only by the amount paid for the assets. 2012 state tax form This applies to both direct and indirect transfers, such as the sale of a business or the sale of a partnership interest in which the basis of the buyer's share of the partnership assets is adjusted for the amount paid under section 743(b) of the Internal Revenue Code. 2012 state tax form Section 743(b) applies if a partnership has an election in effect under section 754 of the Internal Revenue Code. 2012 state tax form   A group of assets constitutes a trade or business if either of the following applies. 2012 state tax form Goodwill or going concern value could, under any circumstances, attach to them. 2012 state tax form The use of the assets would constitute an active trade or business under section 355 of the Internal Revenue Code. 2012 state tax form   The residual method provides for the consideration to be reduced first by the amount of Class I assets (defined below). 2012 state tax form The consideration remaining after this reduction must be allocated among the various business assets in a certain order. 2012 state tax form See Classes of assets next for the complete order. 2012 state tax form Classes of assets. 2012 state tax form   The following definitions are the classifications for deemed or actual asset acquisitions. 2012 state tax form Allocate the consideration among the assets in the following order. 2012 state tax form The amount allocated to an asset, other than a Class VII asset, cannot exceed its fair market value on the purchase date. 2012 state tax form The amount you can allocate to an asset also is subject to any applicable limits under the Internal Revenue Code or general principles of tax law. 2012 state tax form Class I assets are cash and general deposit accounts (including checking and savings accounts but excluding certificates of deposit). 2012 state tax form Class II assets are certificates of deposit, U. 2012 state tax form S. 2012 state tax form Government securities, foreign currency, and actively traded personal property, including stock and securities. 2012 state tax form Class III assets are accounts receivable, other debt instruments, and assets that you mark to market at least annually for federal income tax purposes. 2012 state tax form However, see section 1. 2012 state tax form 338-6(b)(2)(iii) of the regulations for exceptions that apply to debt instruments issued by persons related to a target corporation, contingent debt instruments, and debt instruments convertible into stock or other property. 2012 state tax form Class IV assets are property of a kind that would properly be included in inventory if on hand at the end of the tax year or property held by the taxpayer primarily for sale to customers in the ordinary course of business. 2012 state tax form Class V assets are all assets other than Class I, II, III, IV, VI, and VII assets. 2012 state tax form    Note. 2012 state tax form Furniture and fixtures, buildings, land, vehicles, and equipment, which constitute all or part of a trade or business are generally Class V assets. 2012 state tax form Class VI assets are section 197 intangibles (other than goodwill and going concern value). 2012 state tax form Class VII assets are goodwill and going concern value (whether the goodwill or going concern value qualifies as a section 197 intangible). 2012 state tax form   If an asset described in one of the classifications described above can be included in more than one class, include it in the lower numbered class. 2012 state tax form For example, if an asset is described in both Class II and Class IV, choose Class II. 2012 state tax form Example. 2012 state tax form The total paid in the sale of the assets of Company SKB is $21,000. 2012 state tax form No cash or deposit accounts or similar accounts were sold. 2012 state tax form The company's U. 2012 state tax form S. 2012 state tax form Government securities sold had a fair market value of $3,200. 2012 state tax form The only other asset transferred (other than goodwill and going concern value) was inventory with a fair market value of $15,000. 2012 state tax form Of the $21,000 paid for the assets of Company SKB, $3,200 is allocated to U. 2012 state tax form S. 2012 state tax form Government securities, $15,000 to inventory assets, and the remaining $2,800 to goodwill and going concern value. 2012 state tax form Agreement. 2012 state tax form   The buyer and seller may enter into a written agreement as to the allocation of any consideration or the fair market value of any of the assets. 2012 state tax form This agreement is binding on both parties unless the IRS determines the amounts are not appropriate. 2012 state tax form Reporting requirement. 2012 state tax form   Both the buyer and seller involved in the sale of business assets must report to the IRS the allocation of the sales price among section 197 intangibles and the other business assets. 2012 state tax form Use Form 8594, Asset Acquisition Statement Under Section 1060, to provide this information. 2012 state tax form Generally, the buyer and seller should each attach Form 8594 to their federal income tax return for the year in which the sale occurred. 2012 state tax form See the Instructions for Form 8594. 2012 state tax form Dispositions of Intangible Property Intangible property is any personal property that has value but cannot be seen or touched. 2012 state tax form It includes such items as patents, copyrights, and the goodwill value of a business. 2012 state tax form Gain or loss on the sale or exchange of amortizable or depreciable intangible property held longer than 1 year (other than an amount recaptured as ordinary income) is a section 1231 gain or loss. 2012 state tax form The treatment of section 1231 gain or loss and the recapture of amortization and depreciation as ordinary income are explained in chapter 3. 2012 state tax form See chapter 8 of Publication 535, Business Expenses, for information on amortizable intangible property and chapter 1 of Publication 946, How To Depreciate Property, for information on intangible property that can and cannot be depreciated. 2012 state tax form Gain or loss on dispositions of other intangible property is ordinary or capital depending on whether the property is a capital asset or a noncapital asset. 2012 state tax form The following discussions explain special rules that apply to certain dispositions of intangible property. 2012 state tax form Section 197 Intangibles Section 197 intangibles are certain intangible assets acquired after August 10, 1993 (after July 25, 1991, if chosen), and held in connection with the conduct of a trade or business or an activity entered into for profit whose costs are amortized over 15 years. 2012 state tax form They include the following assets. 2012 state tax form Goodwill. 2012 state tax form Going concern value. 2012 state tax form Workforce in place. 2012 state tax form Business books and records, operating systems, and other information bases. 2012 state tax form Patents, copyrights, formulas, processes, designs, patterns, know how, formats, and similar items. 2012 state tax form Customer-based intangibles. 2012 state tax form Supplier-based intangibles. 2012 state tax form Licenses, permits, and other rights granted by a governmental unit. 2012 state tax form Covenants not to compete entered into in connection with the acquisition of a business. 2012 state tax form Franchises, trademarks, and trade names. 2012 state tax form See chapter 8 of Publication 535 for a description of each intangible. 2012 state tax form Dispositions. 2012 state tax form   You cannot deduct a loss from the disposition or worthlessness of a section 197 intangible you acquired in the same transaction (or series of related transactions) as another section 197 intangible you still hold. 2012 state tax form Instead, you must increase the adjusted basis of your retained section 197 intangible by the nondeductible loss. 2012 state tax form If you retain more than one section 197 intangible, increase each intangible's adjusted basis. 2012 state tax form Figure the increase by multiplying the nondeductible loss by a fraction, the numerator (top number) of which is the retained intangible's adjusted basis on the date of the loss and the denominator (bottom number) of which is the total adjusted basis of all retained intangibles on the date of the loss. 2012 state tax form   In applying this rule, members of the same controlled group of corporations and commonly controlled businesses are treated as a single entity. 2012 state tax form For example, a corporation cannot deduct a loss on the sale of a section 197 intangible if, after the sale, a member of the same controlled group retains other section 197 intangibles acquired in the same transaction as the intangible sold. 2012 state tax form Covenant not to compete. 2012 state tax form   A covenant not to compete (or similar arrangement) that is a section 197 intangible cannot be treated as disposed of or worthless before you have disposed of your entire interest in the trade or business for which the covenant was entered into. 2012 state tax form Members of the same controlled group of corporations and commonly controlled businesses are treated as a single entity in determining whether a member has disposed of its entire interest in a trade or business. 2012 state tax form Anti-churning rules. 2012 state tax form   Anti-churning rules prevent a taxpayer from converting section 197 intangibles that do not qualify for amortization into property that would qualify for amortization. 2012 state tax form However, these rules do not apply to part of the basis of property acquired by certain related persons if the transferor elects to do both the following. 2012 state tax form Recognize gain on the transfer of the property. 2012 state tax form Pay income tax on the gain at the highest tax rate. 2012 state tax form   If the transferor is a partnership or S corporation, the partnership or S corporation (not the partners or shareholders) can make the election. 2012 state tax form But each partner or shareholder must pay the tax on his or her share of gain. 2012 state tax form   To make the election, you, as the transferor, must attach a statement containing certain information to your income tax return for the year of the transfer. 2012 state tax form You must file the tax return by the due date (including extensions). 2012 state tax form You must also notify the transferee of the election in writing by the due date of the return. 2012 state tax form   If you timely filed your return without making the election, you can make the election by filing an amended return within 6 months after the due date of the return (excluding extensions). 2012 state tax form Attach the statement to the amended return and write “Filed pursuant to section 301. 2012 state tax form 9100-2” at the top of the statement. 2012 state tax form File the amended return at the same address the original return was filed. 2012 state tax form For more information about making the election, see Regulations section 1. 2012 state tax form 197-2(h)(9). 2012 state tax form For information about reporting the tax on your income tax return, see the Instructions for Form 4797. 2012 state tax form Patents The transfer of a patent by an individual is treated as a sale or exchange of a capital asset held longer than 1 year. 2012 state tax form This applies even if the payments for the patent are made periodically during the transferee's use or are contingent on the productivity, use, or disposition of the patent. 2012 state tax form For information on the treatment of gain or loss on the transfer of capital assets, see chapter 4. 2012 state tax form This treatment applies to your transfer of a patent if you meet all the following conditions. 2012 state tax form You are the holder of the patent. 2012 state tax form You transfer the patent other than by gift, inheritance, or devise. 2012 state tax form You transfer all substantial rights to the patent or an undivided interest in all such rights. 2012 state tax form You do not transfer the patent to a related person. 2012 state tax form Holder. 2012 state tax form   You are the holder of a patent if you are either of the following. 2012 state tax form The individual whose effort created the patent property and who qualifies as the original and first inventor. 2012 state tax form The individual who bought an interest in the patent from the inventor before the invention was tested and operated successfully under operating conditions and who is neither related to, nor the employer of, the inventor. 2012 state tax form All substantial rights. 2012 state tax form   All substantial rights to patent property are all rights that have value when they are transferred. 2012 state tax form A security interest (such as a lien), or a reservation calling for forfeiture for nonperformance, is not treated as a substantial right for these rules and may be kept by you as the holder of the patent. 2012 state tax form   All substantial rights to a patent are not transferred if any of the following apply to the transfer. 2012 state tax form The rights are limited geographically within a country. 2012 state tax form The rights are limited to a period less than the remaining life of the patent. 2012 state tax form The rights are limited to fields of use within trades or industries and are less than all the rights that exist and have value at the time of the transfer. 2012 state tax form The rights are less than all the claims or inventions covered by the patent that exist and have value at the time of the transfer. 2012 state tax form Related persons. 2012 state tax form   This tax treatment does not apply if the transfer is directly or indirectly between you and a related person as defined earlier in the list under Nondeductible Loss, with the following changes. 2012 state tax form Members of your family include your spouse, ancestors, and lineal descendants, but not your brothers, sisters, half-brothers, or half-sisters. 2012 state tax form Substitute “25% or more” ownership for “more than 50%. 2012 state tax form ”   If you fit within the definition of a related person independent of family status, the brother-sister exception in (1), earlier, does not apply. 2012 state tax form For example, a transfer between a brother and a sister as beneficiary and fiduciary of the same trust is a transfer between related persons. 2012 state tax form The brother-sister exception does not apply because the trust relationship is independent of family status. 2012 state tax form Franchise, Trademark, or Trade Name If you transfer or renew a franchise, trademark, or trade name for a price contingent on its productivity, use, or disposition, the amount you receive generally is treated as an amount realized from the sale of a noncapital asset. 2012 state tax form A franchise includes an agreement that gives one of the parties the right to distribute, sell, or provide goods, services, or facilities within a specified area. 2012 state tax form Significant power, right, or continuing interest. 2012 state tax form   If you keep any significant power, right, or continuing interest in the subject matter of a franchise, trademark, or trade name that you transfer or renew, the amount you receive is ordinary royalty income rather than an amount realized from a sale or exchange. 2012 state tax form   A significant power, right, or continuing interest in a franchise, trademark, or trade name includes, but is not limited to, the following rights in the transferred interest. 2012 state tax form A right to disapprove any assignment of the interest, or any part of it. 2012 state tax form A right to end the agreement at will. 2012 state tax form A right to set standards of quality for products used or sold, or for services provided, and for the equipment and facilities used to promote such products or services. 2012 state tax form A right to make the recipient sell or advertise only your products or services. 2012 state tax form A right to make the recipient buy most supplies and equipment from you. 2012 state tax form A right to receive payments based on the productivity, use, or disposition of the transferred item of interest if those payments are a substantial part of the transfer agreement. 2012 state tax form Subdivision of Land If you own a tract of land and, to sell or exchange it, you subdivide it into individual lots or parcels, the gain normally is ordinary income. 2012 state tax form However, you may receive capital gain treatment on at least part of the proceeds provided you meet certain requirements. 2012 state tax form See section 1237 of the Internal Revenue Code. 2012 state tax form Timber Standing timber held as investment property is a capital asset. 2012 state tax form Gain or loss from its sale is reported as a capital gain or loss on Form 8949, and Schedule D (Form 1040), as applicable. 2012 state tax form If you held the timber primarily for sale to customers, it is not a capital asset. 2012 state tax form Gain or loss on its sale is ordinary business income or loss. 2012 state tax form It is reported in the gross receipts or sales and cost of goods sold items of your return. 2012 state tax form Farmers who cut timber on their land and sell it as logs, firewood, or pulpwood usually have no cost or other basis for that timber. 2012 state tax form These sales constitute a very minor part of their farm businesses. 2012 state tax form In these cases, amounts realized from such sales, and the expenses of cutting, hauling, etc. 2012 state tax form , are ordinary farm income and expenses reported on Schedule F (Form 1040), Profit or Loss From Farming. 2012 state tax form Different rules apply if you owned the timber longer than 1 year and elect to either: Treat timber cutting as a sale or exchange, or Enter into a cutting contract. 2012 state tax form Timber is considered cut on the date when, in the ordinary course of business, the quantity of felled timber is first definitely determined. 2012 state tax form This is true whether the timber is cut under contract or whether you cut it yourself. 2012 state tax form Under the rules discussed below, disposition of the timber is treated as a section 1231 transaction. 2012 state tax form See chapter 3. 2012 state tax form Gain or loss is reported on Form 4797. 2012 state tax form Christmas trees. 2012 state tax form   Evergreen trees, such as Christmas trees, that are more than 6 years old when severed from their roots and sold for ornamental purposes are included in the term timber. 2012 state tax form They qualify for both rules discussed below. 2012 state tax form Election to treat cutting as a sale or exchange. 2012 state tax form   Under the general rule, the cutting of timber results in no gain or loss. 2012 state tax form It is not until a sale or exchange occurs that gain or loss is realized. 2012 state tax form But if you owned or had a contractual right to cut timber, you can elect to treat the cutting of timber as a section 1231 transaction in the year the timber is cut. 2012 state tax form Even though the cut timber is not actually sold or exchanged, you report your gain or loss on the cutting for the year the timber is cut. 2012 state tax form Any later sale results in ordinary business income or loss. 2012 state tax form See Example, later. 2012 state tax form   To elect this treatment, you must: Own or hold a contractual right to cut the timber for a period of more than 1 year before it is cut, and Cut the timber for sale or for use in your trade or business. 2012 state tax form Making the election. 2012 state tax form   You make the election on your return for the year the cutting takes place by including in income the gain or loss on the cutting and including a computation of the gain or loss. 2012 state tax form You do not have to make the election in the first year you cut timber. 2012 state tax form You can make it in any year to which the election would apply. 2012 state tax form If the timber is partnership property, the election is made on the partnership return. 2012 state tax form This election cannot be made on an amended return. 2012 state tax form   Once you have made the election, it remains in effect for all later years unless you cancel it. 2012 state tax form   If you previously elected to treat the cutting of timber as a sale or exchange, you may revoke this election without the consent of the IRS. 2012 state tax form The prior election (and revocation) is disregarded for purposes of making a subsequent election. 2012 state tax form See Form T (Timber), Forest Activities Schedule, for more information. 2012 state tax form Gain or loss. 2012 state tax form   Your gain or loss on the cutting of standing timber is the difference between its adjusted basis for depletion and its fair market value on the first day of your tax year in which it is cut. 2012 state tax form   Your adjusted basis for depletion of cut timber is based on the number of units (feet board measure, log scale, or other units) of timber cut during the tax year and considered to be sold or exchanged. 2012 state tax form Your adjusted basis for depletion is also based on the depletion unit of timber in the account used for the cut timber, and should be figured in the same manner as shown in section 611 of the Internal Revenue Code and the related regulations. 2012 state tax form   Timber depletion is discussed in chapter 9 of Publication 535. 2012 state tax form Example. 2012 state tax form In April 2013, you had owned 4,000 MBF (1,000 board feet) of standing timber longer than 1 year. 2012 state tax form It had an adjusted basis for depletion of $40 per MBF. 2012 state tax form You are a calendar year taxpayer. 2012 state tax form On January 1, 2013, the timber had a fair market value (FMV) of $350 per MBF. 2012 state tax form It was cut in April for sale. 2012 state tax form On your 2013 tax return, you elect to treat the cutting of the timber as a sale or exchange. 2012 state tax form You report the difference between the fair market value and your adjusted basis for depletion as a gain. 2012 state tax form This amount is reported on Form 4797 along with your other section 1231 gains and losses to figure whether it is treated as capital gain or as ordinary gain. 2012 state tax form You figure your gain as follows. 2012 state tax form FMV of timber January 1, 2013 $1,400,000 Minus: Adjusted basis for depletion 160,000 Section 1231 gain $1,240,000 The fair market value becomes your basis in the cut timber and a later sale of the cut timber including any by-product or tree tops will result in ordinary business income or loss. 2012 state tax form Outright sales of timber. 2012 state tax form   Outright sales of timber by landowners qualify for capital gains treatment using rules similar to the rules for certain disposal of timber under a contract with retained economic interest (defined below). 2012 state tax form However, for outright sales, the date of disposal is not deemed to be the date the timber is cut because the landowner can elect to treat the payment date as the date of disposal (see below). 2012 state tax form Cutting contract. 2012 state tax form   You must treat the disposal of standing timber under a cutting contract as a section 1231 transaction if all the following apply to you. 2012 state tax form You are the owner of the timber. 2012 state tax form You held the timber longer than 1 year before its disposal. 2012 state tax form You kept an economic interest in the timber. 2012 state tax form   You have kept an economic interest in standing timber if, under the cutting contract, the expected return on your investment is conditioned on the cutting of the timber. 2012 state tax form   The difference between the amount realized from the disposal of the timber and its adjusted basis for depletion is treated as gain or loss on its sale. 2012 state tax form Include this amount on Form 4797 along with your other section 1231 gains or losses to figure whether it is treated as capital or ordinary gain or loss. 2012 state tax form Date of disposal. 2012 state tax form   The date of disposal is the date the timber is cut. 2012 state tax form However, for outright sales by landowners or if you receive payment under the contract before the timber is cut, you can elect to treat the date of payment as the date of disposal. 2012 state tax form   This election applies only to figure the holding period of the timber. 2012 state tax form It has no effect on the time for reporting gain or loss (generally when the timber is sold or exchanged). 2012 state tax form   To make this election, attach a statement to the tax return filed by the due date (including extensions) for the year payment is received. 2012 state tax form The statement must identify the advance payments subject to the election and the contract under which they were made. 2012 state tax form   If you timely filed your return for the year you received payment without making the election, you still can make the election by filing an amended return within 6 months after the due date for that year's return (excluding extensions). 2012 state tax form Attach the statement to the amended return and write “Filed pursuant to section 301. 2012 state tax form 9100-2” at the top of the statement. 2012 state tax form File the amended return at the same address the original return was filed. 2012 state tax form Owner. 2012 state tax form   The owner of timber is any person who owns an interest in it, including a sublessor and the holder of a contract to cut the timber. 2012 state tax form You own an interest in timber if you have the right to cut it for sale on your own account or for use in your business. 2012 state tax form Tree stumps. 2012 state tax form   Tree stumps are a capital asset if they are on land held by an investor who is not in the timber or stump business as a buyer, seller, or processor. 2012 state tax form Gain from the sale of stumps sold in one lot by such a holder is taxed as a capital gain. 2012 state tax form However, tree stumps held by timber operators after the saleable standing timber was cut and removed from the land are considered by-products. 2012 state tax form Gain from the sale of stumps in lots or tonnage by such operators is taxed as ordinary income. 2012 state tax form   See Form T (Timber) and its separate instructions for more information about dispositions of timber. 2012 state tax form Precious Metals and Stones, Stamps, and Coins Gold, silver, gems, stamps, coins, etc. 2012 state tax form , are capital assets except when they are held for sale by a dealer. 2012 state tax form Any gain or loss from their sale or exchange generally is a capital gain or loss. 2012 state tax form If you are a dealer, the amount received from the sale is ordinary business income. 2012 state tax form Coal and Iron Ore You must treat the disposal of coal (including lignite) or iron ore mined in the United States as a section 1231 transaction if both the following apply to you. 2012 state tax form You owned the coal or iron ore longer than 1 year before its disposal. 2012 state tax form You kept an economic interest in the coal or iron ore. 2012 state tax form For this rule, the date the coal or iron ore is mined is considered the date of its disposal. 2012 state tax form Your gain or loss is the difference between the amount realized from disposal of the coal or iron ore and the adjusted basis you use to figure cost depletion (increased by certain expenses not allowed as deductions for the tax year). 2012 state tax form This amount is included on Form 4797 along with your other section 1231 gains and losses. 2012 state tax form You are considered an owner if you own or sublet an economic interest in the coal or iron ore in place. 2012 state tax form If you own only an option to buy the coal in place, you do not qualify as an owner. 2012 state tax form In addition, this gain or loss treatment does not apply to income realized by an owner who is a co-adventurer, partner, or principal in the mining of coal or iron ore. 2012 state tax form The expenses of making and administering the contract under which the coal or iron ore was disposed of and the expenses of preserving the economic interest kept under the contract are not allowed as deductions in figuring taxable income. 2012 state tax form Rather, their total, along with the adjusted depletion basis, is deducted from the amount received to determine gain. 2012 state tax form If the total of these expenses plus the adjusted depletion basis is more than the amount received, the result is a loss. 2012 state tax form Special rule. 2012 state tax form   The above treatment does not apply if you directly or indirectly dispose of the iron ore or coal to any of the following persons. 2012 state tax form A related person whose relationship to you would result in the disallowance of a loss (see Nondeductible Loss under Sales and Exchanges Between Related Persons, earlier). 2012 state tax form An individual, trust, estate, partnership, association, company, or corporation owned or controlled directly or indirectly by the same interests that own or control your business. 2012 state tax form Conversion Transactions Recognized gain on the disposition or termination of any position held as part of certain conversion transactions is treated as ordinary income. 2012 state tax form This applies if substantially all your expected return is attributable to the time value of your net investment (like interest on a loan) and the transaction is any of the following. 2012 state tax form An applicable straddle (generally, any set of offsetting positions with respect to personal property, including stock). 2012 state tax form A transaction in which you acquire property and, at or about the same time, you contract to sell the same or substantially identical property at a specified price. 2012 state tax form Any other transaction that is marketed and sold as producing capital gain from a transaction in which substantially all of your expected return is due to the time value of your net investment. 2012 state tax form For more information, see chapter 4 of Publication 550. 2012 state tax form Prev  Up  Next   Home   More Online Publications