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2012 Tax Filing For Free

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2012 Tax Filing For Free

2012 tax filing for free Publication 1212 - Main Content Table of Contents Definitions Debt Instruments on the OID List Debt Instruments Not on the OID List Information for Brokers and Other MiddlemenShort-Term Obligations Redeemed at Maturity Long-Term Debt Instruments Certificates of Deposit Bearer Bonds and Coupons Backup Withholding Information for Owners of OID Debt InstrumentsExceptions. 2012 tax filing for free Adjustment for premium. 2012 tax filing for free Adjustment for acquisition premium. 2012 tax filing for free Adjustment for market discount. 2012 tax filing for free Form 1099-OID How To Report OID Figuring OID on Long-Term Debt Instruments Figuring OID on Stripped Bonds and Coupons How To Get Tax HelpLow Income Taxpayer Clinics Definitions The following terms are used throughout this publication. 2012 tax filing for free “Original issue discount” is defined first. 2012 tax filing for free The other terms are listed alphabetically. 2012 tax filing for free Original issue discount (OID). 2012 tax filing for free   OID is a form of interest. 2012 tax filing for free It is the excess of a debt instrument's stated redemption price at maturity over its issue price (acquisition price for a stripped bond or coupon). 2012 tax filing for free Zero coupon bonds and debt instruments that pay no stated interest until maturity are examples of debt instruments that have OID. 2012 tax filing for free Accrual period. 2012 tax filing for free   An accrual period is an interval of time used to measure OID. 2012 tax filing for free The length of an accrual period can be 6 months, a year, or some other period, depending on when the debt instrument was issued. 2012 tax filing for free Acquisition premium. 2012 tax filing for free   Acquisition premium is the excess of a debt instrument's adjusted basis immediately after purchase, including purchase at original issue, over the debt instrument's adjusted issue price at that time. 2012 tax filing for free A debt instrument does not have acquisition premium, however, if the debt instrument was purchased at a premium. 2012 tax filing for free See Premium, later. 2012 tax filing for free Adjusted issue price. 2012 tax filing for free   The adjusted issue price of a debt instrument at the beginning of an accrual period is used to figure the OID allocable to that period. 2012 tax filing for free In general, the adjusted issue price at the beginning of the debt instrument's first accrual period is its issue price. 2012 tax filing for free The adjusted issue price at the beginning of any subsequent accrual period is the sum of the issue price and all the OID includible in income before that accrual period minus any payment previously made on the debt instrument, other than a payment of qualified stated interest. 2012 tax filing for free Debt instrument. 2012 tax filing for free   The term “debt instrument” means any instrument or contractual arrangement that constitutes indebtedness under general principles of federal income tax law (including, for example, a bond, debenture, note, certificate, or other evidence of indebtedness). 2012 tax filing for free It generally does not include an annuity contract. 2012 tax filing for free Issue price. 2012 tax filing for free   For debt instruments listed in Section I-A and Section I-B, the issue price generally is the initial offering price to the public (excluding bond houses and brokers) at which a substantial amount of these instruments was sold. 2012 tax filing for free Market discount. 2012 tax filing for free   Market discount arises when a debt instrument purchased in the secondary market has decreased in value since its issue date, generally because of an increase in interest rates. 2012 tax filing for free An OID debt instrument has market discount if your adjusted basis in the debt instrument immediately after you acquired it (usually its purchase price) was less than the debt instrument's issue price plus the total OID that accrued before you acquired it. 2012 tax filing for free The market discount is the difference between the issue price plus accrued OID and your adjusted basis. 2012 tax filing for free Premium. 2012 tax filing for free   A debt instrument is purchased at a premium if its adjusted basis immediately after purchase is greater than the total of all amounts payable on the debt instrument after the purchase date, other than qualified stated interest. 2012 tax filing for free The premium is the excess of the adjusted basis over the payable amounts. 2012 tax filing for free See Publication 550 for information on the tax treatment of bond premium. 2012 tax filing for free Qualified stated interest. 2012 tax filing for free   In general, qualified stated interest is stated interest that is unconditionally payable in cash or property (other than debt instruments of the issuer) at least annually over the term of the debt instrument at a single fixed rate. 2012 tax filing for free Stated redemption price at maturity. 2012 tax filing for free   A debt instrument's stated redemption price at maturity is the sum of all amounts (principal and interest) payable on the debt instrument other than qualified stated interest. 2012 tax filing for free Yield to maturity (YTM). 2012 tax filing for free   In general, the YTM is the discount rate that, when used in figuring the present value of all principal and interest payments, produces an amount equal to the issue price of the debt instrument. 2012 tax filing for free The YTM is generally shown on the face of the debt instrument or in the literature you receive from your broker. 2012 tax filing for free If you do not have this information, consult your broker, tax advisor, or the issuer. 2012 tax filing for free Debt Instruments on the OID List The OID list on the IRS website can be used by brokers and other middlemen to prepare information returns. 2012 tax filing for free If you own a listed debt instrument, you generally should not rely on the information in the OID list to determine (or compare) the OID to be reported on your tax return. 2012 tax filing for free The OID amounts listed are figured without reference to the price or date at which you acquired the debt instrument. 2012 tax filing for free For information about determining the OID to be reported on your tax return, see the instructions for figuring OID under Information for Owners of OID Debt Instruments, later. 2012 tax filing for free The following discussions explain what information is contained in each section of the list. 2012 tax filing for free Section I. 2012 tax filing for free   This section contains publicly offered, long-term debt instruments. 2012 tax filing for free Section I-A: Corporate Debt Instruments Issued Before 1985. 2012 tax filing for free Section I-B: Corporate Debt Instruments Issued After 1984. 2012 tax filing for free Section I-C: Inflation-Indexed Debt Instruments. 2012 tax filing for free For each publicly offered debt instrument in Section I, the list contains the following information. 2012 tax filing for free The name of the issuer. 2012 tax filing for free The Committee on Uniform Security Identification Procedures (CUSIP) number. 2012 tax filing for free The issue date. 2012 tax filing for free The maturity date. 2012 tax filing for free The issue price expressed as a percent of principal or of stated redemption price at maturity. 2012 tax filing for free The annual stated or coupon interest rate. 2012 tax filing for free (This rate is shown as 0. 2012 tax filing for free 00 if no annual interest payments are provided. 2012 tax filing for free ) The yield to maturity will be added to Section I-B for bonds issued after December 31, 2006. 2012 tax filing for free The total OID accrued up to January 1 of a calendar year. 2012 tax filing for free (This information is not available for every instrument. 2012 tax filing for free ) For long-term debt instruments issued after July 1, 1982, the daily OID for the accrual periods falling in a calendar year and a subsequent year. 2012 tax filing for free The total OID per $1,000 of principal or maturity value for a calendar year and a subsequent year. 2012 tax filing for free Section II. 2012 tax filing for free   This section contains stripped coupons and principal components of U. 2012 tax filing for free S. 2012 tax filing for free Treasury and Government-Sponsored Enterprise debt instruments. 2012 tax filing for free These stripped components are available through the Department of the Treasury's Separate Trading of Registered Interest and Principal of Securities (STRIPS) program and government-sponsored enterprises such as the Resolution Funding Corporation. 2012 tax filing for free This section also includes debt instruments backed by U. 2012 tax filing for free S. 2012 tax filing for free Treasury securities that represent ownership interests in those securities. 2012 tax filing for free   The obligations listed in Section II are arranged by maturity date. 2012 tax filing for free The amounts listed are the total OID for a calendar year per $1,000 of redemption price. 2012 tax filing for free Section III. 2012 tax filing for free   This section contains short-term discount obligations. 2012 tax filing for free Section III-A: Short-Term U. 2012 tax filing for free S. 2012 tax filing for free Treasury Bills. 2012 tax filing for free Section III-B: Federal Home Loan Banks. 2012 tax filing for free Section III-C: Federal National Mortgage Association. 2012 tax filing for free Section III-D: Federal Farm Credit Banks. 2012 tax filing for free Section III-E: Federal Home Loan Mortgage Corporation. 2012 tax filing for free Section III-F: Federal Agricultural Mortgage Corporation. 2012 tax filing for free    Information that supplements Section III-A is available on the Internet at http://www. 2012 tax filing for free treasurydirect. 2012 tax filing for free gov/tdhome. 2012 tax filing for free htm. 2012 tax filing for free   The short-term obligations listed in this section are arranged by maturity date. 2012 tax filing for free For each obligation, the list contains the CUSIP number, maturity date, issue date, issue price (expressed as a percent of principal), and discount to be reported as interest for a calendar year per $1,000 of redemption price. 2012 tax filing for free Brokers and other middlemen should rely on the issue price information in Section III only if they are unable to determine the price actually paid by the owner. 2012 tax filing for free Debt Instruments Not on the OID List The list of debt instruments discussed earlier does not contain the following items. 2012 tax filing for free U. 2012 tax filing for free S. 2012 tax filing for free savings bonds. 2012 tax filing for free Certificates of deposit and other face-amount certificates issued at a discount, including syndicated certificates of deposit. 2012 tax filing for free Obligations issued by tax-exempt organizations. 2012 tax filing for free OID debt instruments that matured or were entirely called by the issuer before the tables were posted on the IRS website. 2012 tax filing for free Mortgage-backed securities and mortgage participation certificates. 2012 tax filing for free Long-term OID debt instruments issued before May 28, 1969. 2012 tax filing for free Short-term obligations, other than the obligations listed in Section III. 2012 tax filing for free Debt instruments issued at a discount by states or their political subdivisions. 2012 tax filing for free REMIC regular interests and CDOs. 2012 tax filing for free Commercial paper and banker's acceptances issued at a discount. 2012 tax filing for free Obligations issued at a discount by individuals. 2012 tax filing for free Foreign obligations not traded in the United States and obligations not issued in the United States. 2012 tax filing for free Information for Brokers and Other Middlemen The following discussions contain specific instructions for brokers and middlemen who hold or redeem a debt instrument for the owner. 2012 tax filing for free In general, you must file a Form 1099 for the debt instrument if the interest or OID to be included in the owner's income for a calendar year totals $10 or more. 2012 tax filing for free You also must file a Form 1099 if you were required to deduct and withhold tax, even if the interest or OID is less than $10. 2012 tax filing for free See Backup Withholding, later. 2012 tax filing for free If you must file a Form 1099, furnish a copy to the owner of the debt instrument by January 31 in the year it is due. 2012 tax filing for free File all your Forms 1099 with the IRS, accompanied by Form 1096, by February 28 in the year it is due (March 31 if you file electronically). 2012 tax filing for free Electronic payee statements. 2012 tax filing for free   You can issue Form 1099-OID electronically with the consent of the recipient. 2012 tax filing for free More information. 2012 tax filing for free   For more information, including penalties for failure to file (or furnish) required information returns or statements, see the General Instructions for Certain Information Returns (Forms 1098, 1099, 3921, 3922, 5498, and W-2G) for the appropriate calendar year. 2012 tax filing for free Short-Term Obligations Redeemed at Maturity If you redeem a short-term discount obligation for the owner at maturity, you must report the discount as interest on Form 1099-INT. 2012 tax filing for free To figure the discount, use the purchase price shown on the owner's copy of the purchase confirmation receipt or similar record, or the price shown in your transaction records. 2012 tax filing for free If you sell the obligation for the owner before maturity, you must file Form 1099-B to reflect the gross proceeds to the seller. 2012 tax filing for free Do not report the accrued discount to the date of sale on either Form 1099-INT or Form 1099-OID. 2012 tax filing for free If the owner's purchase price cannot be determined, figure the discount as if the owner had purchased the obligation at its original issue price. 2012 tax filing for free A special rule is used to determine the original issue price for information reporting on U. 2012 tax filing for free S. 2012 tax filing for free Treasury bills (T-bills) listed in Section III-A. 2012 tax filing for free Under this rule, you treat as the original issue price of the T-bill the noncompetitive (weighted average of accepted auction bids) discount price for the longest-maturity T-bill maturing on the same date as the T-bill being redeemed. 2012 tax filing for free This noncompetitive discount price is the issue price (expressed as a percent of principal) shown in Section III-A. 2012 tax filing for free A similar rule is used to figure the discount on short-term discount obligations issued by the organizations listed in Section III-B through Section III-F. 2012 tax filing for free Example 1. 2012 tax filing for free There are 13-week and 26-week T-bills maturing on the same date as the T-bill being redeemed. 2012 tax filing for free The price actually paid by the owner cannot be established by owner or middleman records. 2012 tax filing for free You treat as the issue price of the T-bill the noncompetitive discount price (expressed as a percent of principal) shown in Section III-A for a 26-week bill maturing on the same date as the T-bill redeemed. 2012 tax filing for free The interest you report on Form 1099-INT is the OID (per $1,000 of principal) shown in Section III-A for that obligation. 2012 tax filing for free Long-Term Debt Instruments If you hold a long-term OID debt instrument as a nominee for the true owner, you generally must file Form 1099-OID. 2012 tax filing for free For this purpose, you can rely on Section I of the OID list to determine the following information. 2012 tax filing for free Whether a debt instrument has OID. 2012 tax filing for free The OID to be reported on the Form 1099-OID. 2012 tax filing for free In general, you must report OID on publicly offered, long-term debt instruments listed in Section I. 2012 tax filing for free You also can report OID on other long-term debt instruments. 2012 tax filing for free Form 1099-OID. 2012 tax filing for free   On Form 1099-OID for a calendar year show the following information. 2012 tax filing for free Box 1. 2012 tax filing for free The OID for the actual dates the owner held the debt instruments during a calendar year. 2012 tax filing for free To determine this amount, see Figuring OID, next. 2012 tax filing for free Box 2. 2012 tax filing for free The qualified stated interest paid or credited during the calendar year. 2012 tax filing for free Interest reported here is not reported on Form 1099-INT. 2012 tax filing for free The qualified stated interest on Treasury inflation-protected securities may be reported on Form 1099-INT in box 3 instead. 2012 tax filing for free Box 3. 2012 tax filing for free Any interest or principal forfeited because of an early withdrawal that the owner can deduct from gross income. 2012 tax filing for free Do not reduce the amounts in boxes 1 and 2 by the forfeiture. 2012 tax filing for free Box 4. 2012 tax filing for free Any backup withholding for this debt instrument. 2012 tax filing for free Box 7. 2012 tax filing for free The CUSIP number, if any. 2012 tax filing for free If there is no CUSIP number, give a description of the debt instrument, including the abbreviation for the stock exchange, the abbreviation used by the stock exchange for the issuer, the coupon rate, and the year of maturity (for example, NYSE XYZ 12. 2012 tax filing for free 50 2006). 2012 tax filing for free If the issuer of the debt instrument is other than the payer, show the name of the issuer in this box. 2012 tax filing for free Box 8. 2012 tax filing for free The OID on a U. 2012 tax filing for free S. 2012 tax filing for free Treasury obligation for the part of the year the owner held the debt instrument. 2012 tax filing for free Box 9. 2012 tax filing for free Investment expenses passed on to holders of a single-class REMIC. 2012 tax filing for free Boxes 10-12. 2012 tax filing for free Use to report any state income tax withheld for this debt instrument. 2012 tax filing for free Figuring OID. 2012 tax filing for free   You can determine the OID on a long-term debt instrument by using either of the following. 2012 tax filing for free Section I of the OID list. 2012 tax filing for free The income tax regulations. 2012 tax filing for free Using Section I. 2012 tax filing for free   If the owner held the debt instrument for the entire calendar year, report the OID shown in Section I for the calendar year. 2012 tax filing for free Because OID is listed for each $1,000 of stated redemption price at maturity, you must adjust the listed amount to reflect the debt instrument's actual stated redemption price at maturity. 2012 tax filing for free For example, if the debt instrument's stated redemption price at maturity is $500, report one-half the listed OID. 2012 tax filing for free   If the owner held the debt instrument for less than the entire calendar year, figure the OID to report as follows. 2012 tax filing for free Look up the daily OID for the first accrual period in the calendar year during which the owner held the debt instrument. 2012 tax filing for free Multiply the daily OID by the number of days the owner held the debt instrument during that accrual period. 2012 tax filing for free Repeat steps (1) and (2) for any remaining accrual periods for the year during which the owner held the debt instrument. 2012 tax filing for free Add the results in steps (2) and (3) to determine the owner's OID per $1,000 of stated redemption price at maturity. 2012 tax filing for free If necessary, adjust the OID in (4) to reflect the debt instrument's stated redemption price at maturity. 2012 tax filing for free Report the result on Form 1099-OID in box 1. 2012 tax filing for free Using the income tax regulations. 2012 tax filing for free   Instead of using Section I to figure OID, you can use the regulations under sections 1272 through 1275 of the Internal Revenue Code. 2012 tax filing for free For example, under the regulations, you can use monthly accrual periods in figuring OID for a debt instrument issued after April 3, 1994, that provides for monthly payments. 2012 tax filing for free (If you use Section I-B, the OID is figured using 6-month accrual periods. 2012 tax filing for free )   For a general explanation of the rules for figuring OID under the regulations, see Figuring OID on Long-Term Debt Instruments under Information for Owners of OID Debt Instruments, later. 2012 tax filing for free Certificates of Deposit If you hold a bank certificate of deposit (CD) as a nominee, you must determine whether the CD has OID and any OID includible in the income of the owner. 2012 tax filing for free You must file an information return showing the reportable interest and OID, if any, on the CD. 2012 tax filing for free These rules apply whether or not you sold the CD to the owner. 2012 tax filing for free Report OID on a CD in the same way as OID on other debt instruments. 2012 tax filing for free See Short-Term Obligations Redeemed at Maturity and Long-Term Debt Instruments, earlier. 2012 tax filing for free Bearer Bonds and Coupons If a coupon from a bearer bond is presented to you for collection before the bond matures, you generally must report the interest on Form 1099-INT. 2012 tax filing for free However, do not report the interest if either of the following apply. 2012 tax filing for free You hold the bond as a nominee for the true owner. 2012 tax filing for free The payee is a foreign person. 2012 tax filing for free See Payments to foreign person under Backup Withholding, later. 2012 tax filing for free Because you cannot assume the presenter of the coupon also owns the bond, you should not report OID on the bond on Form 1099-OID. 2012 tax filing for free The coupon may have been “stripped” (separated) from the bond and separately purchased. 2012 tax filing for free However, if a long-term bearer bond on the OID list is presented to you for redemption upon call or maturity, you should prepare a Form 1099-OID showing the OID for that calendar year, as well as any coupon interest payments collected at the time of redemption. 2012 tax filing for free Backup Withholding If you report OID on Form 1099-OID or interest on Form 1099-INT for a calendar year, you may be required to apply backup withholding to the reportable payment at a rate of 28%. 2012 tax filing for free The backup withholding is deducted at the time a cash payment is made. 2012 tax filing for free See Pub. 2012 tax filing for free 1281, Backup Withholding for Missing and Incorrect Name/TIN(s), for more information. 2012 tax filing for free Backup withholding generally applies in the following situations. 2012 tax filing for free The payee does not give you a taxpayer identification number (TIN). 2012 tax filing for free The IRS notifies you that the payee gave an incorrect TIN. 2012 tax filing for free The IRS notifies you that the payee is subject to backup withholding due to payee underreporting. 2012 tax filing for free For debt instruments acquired after 1983: The payee does not certify, under penalties of perjury, that he or she is not subject to backup withholding under (3), or The payee does not certify, under penalties of perjury, that the TIN given is correct. 2012 tax filing for free However, for short-term discount obligations (other than government obligations), bearer bonds and coupons, and U. 2012 tax filing for free S. 2012 tax filing for free savings bonds, backup withholding applies only if the payee does not give you a TIN or gives you an obviously incorrect number for a TIN. 2012 tax filing for free Short-term obligations. 2012 tax filing for free   Backup withholding applies to OID on a short-term obligation only when the OID is paid at maturity. 2012 tax filing for free However, backup withholding applies to any interest payable before maturity when the interest is paid or credited. 2012 tax filing for free   If the owner of a short-term obligation at maturity is not the original owner and can establish the purchase price of the obligation, the amount subject to backup withholding must be determined by treating the purchase price as the issue price. 2012 tax filing for free However, you can choose to disregard that price if it would require significant manual intervention in the computer or recordkeeping system used for the obligation. 2012 tax filing for free If the purchase price of a listed obligation is not established or is disregarded, you must use the issue price shown in Section III. 2012 tax filing for free Long-term obligations. 2012 tax filing for free   If no cash payments are made on a long-term obligation before maturity, backup withholding applies only at maturity. 2012 tax filing for free The amount subject to backup withholding is the OID includible in the owner's gross income for the calendar year when the obligation matures. 2012 tax filing for free The amount to be withheld is limited to the cash paid. 2012 tax filing for free Registered long-term obligations with cash payments. 2012 tax filing for free   If a registered long-term obligation has cash payments before maturity, backup withholding applies when a cash payment is made. 2012 tax filing for free The amount subject to backup withholding is the total of the qualified stated interest (defined earlier under Definitions) and OID includible in the owner's gross income for the calendar year when the payment is made. 2012 tax filing for free If more than one cash payment is made during the year, the OID subject to withholding for the year must be allocated among the expected cash payments in the ratio that each bears to the total of the expected cash payments. 2012 tax filing for free For any payment, the required withholding is limited to the cash paid. 2012 tax filing for free Payee not the original owner. 2012 tax filing for free   If the payee is not the original owner of the obligation, the OID subject to backup withholding is the OID includible in the gross income of all owners during the calendar year (without regard to any amount paid by the new owner at the time of transfer). 2012 tax filing for free The amount subject to backup withholding at maturity of a listed obligation must be determined using the issue price shown in Section I. 2012 tax filing for free Bearer long-term obligations with cash payments. 2012 tax filing for free   If a bearer long-term obligation has cash payments before maturity, backup withholding applies when the cash payments are made. 2012 tax filing for free For payments before maturity, the amount subject to withholding is the qualified stated interest (defined earlier under Definitions) includible in the owner's gross income for the calendar year. 2012 tax filing for free For a payment at maturity, the amount subject to withholding is only the total of any qualified stated interest paid at maturity and the OID includible in the owner's gross income for the calendar year when the obligation matures. 2012 tax filing for free The required withholding at maturity is limited to the cash paid. 2012 tax filing for free Sales and redemptions. 2012 tax filing for free   If you report the gross proceeds from a sale, exchange, or redemption of a debt instrument on Form 1099-B for a calendar year, you may be required to withhold 28% of the amount reported. 2012 tax filing for free Backup withholding applies in the following situations. 2012 tax filing for free The payee does not give you a TIN. 2012 tax filing for free The IRS notifies you that the payee gave an incorrect TIN. 2012 tax filing for free For debt instruments held in an account opened after 1983, the payee does not certify, under penalties of perjury, that the TIN given is correct. 2012 tax filing for free Payments outside the United States to U. 2012 tax filing for free S. 2012 tax filing for free person. 2012 tax filing for free   The requirements for backup withholding and information reporting apply to payments of OID and interest made outside the United States to a U. 2012 tax filing for free S. 2012 tax filing for free person, a controlled foreign corporation, or a foreign person at least 50% of whose income for the preceding 3-year period is effectively connected with the conduct of a U. 2012 tax filing for free S. 2012 tax filing for free trade or business. 2012 tax filing for free Payments to foreign person. 2012 tax filing for free   The following discussions explain the rules for backup withholding and information reporting on payments to foreign persons. 2012 tax filing for free U. 2012 tax filing for free S. 2012 tax filing for free -source amount. 2012 tax filing for free   Backup withholding and information reporting are not required for payments of U. 2012 tax filing for free S. 2012 tax filing for free -source OID, interest, or proceeds from a sale or redemption of an OID instrument if the payee has given you proof (generally the appropriate Form W-8 or an acceptable substitute) that the payee is a foreign person. 2012 tax filing for free A U. 2012 tax filing for free S. 2012 tax filing for free resident is not a foreign person. 2012 tax filing for free For proof of the payee's foreign status, you can rely on the appropriate Form W-8 or on documentary evidence for payments made outside the United States to an offshore account or, in case of broker proceeds, a sale effected outside the United States. 2012 tax filing for free Receipt of the appropriate Form W-8 does not relieve you from information reporting and backup withholding if you actually know the payee is a U. 2012 tax filing for free S. 2012 tax filing for free person. 2012 tax filing for free   For information about the 28% withholding tax that may apply to payments of U. 2012 tax filing for free S. 2012 tax filing for free -source OID or interest to foreign persons, see Publication 515. 2012 tax filing for free Foreign-source amount. 2012 tax filing for free   Backup withholding and information reporting are not required for payments of foreign-source OID and interest made outside the United States. 2012 tax filing for free However, if the payments are made inside the United States, the requirements for backup withholding and information reporting will apply unless the payee has given you the appropriate Form W-8 or acceptable substitute as proof that the payee is a foreign person. 2012 tax filing for free More information. 2012 tax filing for free   For more information about backup withholding and information reporting on foreign-source amounts or payments to foreign persons, see Regulations section 1. 2012 tax filing for free 6049-5. 2012 tax filing for free Information for Owners of OID Debt Instruments This section is for persons who prepare their own tax returns. 2012 tax filing for free It discusses the income tax rules for figuring and reporting OID on long-term debt instruments. 2012 tax filing for free It also includes a similar discussion for stripped bonds and coupons, such as zero coupon bonds available through the Department of the Treasury's STRIPS program and government-sponsored enterprises such as the Resolution Funding Corporation. 2012 tax filing for free However, the information provided does not cover every situation. 2012 tax filing for free More information can be found in the regulations under sections 1271 through 1275 of the Internal Revenue Code. 2012 tax filing for free Including OID in income. 2012 tax filing for free   Generally, you include OID in income as it accrues each year, whether or not you receive any payments from the debt instrument issuer. 2012 tax filing for free Exceptions. 2012 tax filing for free   The rules for including OID in income as it accrues generally do not apply to the following debt instruments. 2012 tax filing for free U. 2012 tax filing for free S. 2012 tax filing for free savings bonds. 2012 tax filing for free Tax-exempt obligations. 2012 tax filing for free (However, see Tax-Exempt Bonds and Coupons, later. 2012 tax filing for free ) Obligations issued by individuals before March 2, 1984. 2012 tax filing for free Loans of $10,000 or less between individuals who are not in the business of lending money. 2012 tax filing for free (The dollar limit includes outstanding prior loans by the lender to the borrower. 2012 tax filing for free ) This exception does not apply if a principal purpose of the loan is to avoid any federal tax. 2012 tax filing for free   See chapter 1 of Publication 550 for information about the rules for these and other types of discounted debt instruments, such as short-term and market discount obligations. 2012 tax filing for free Publication 550 also discusses rules for holders of REMIC interests and CDOs. 2012 tax filing for free De minimis rule. 2012 tax filing for free   You can treat OID as zero if the total OID on a debt instrument is less than one-fourth of 1% (. 2012 tax filing for free 0025) of the stated redemption price at maturity multiplied by the number of full years from the date of original issue to maturity. 2012 tax filing for free Debt instruments with de minimis OID are not listed in this publication. 2012 tax filing for free There are special rules to determine the de minimis amount in the case of debt instruments that provide for more than one payment of principal. 2012 tax filing for free Also, the de minimis rules generally do not apply to tax-exempt obligations. 2012 tax filing for free Example 2. 2012 tax filing for free You bought at issuance a 10-year debt instrument with a stated redemption price at maturity of $1,000, issued at $980 with OID of $20. 2012 tax filing for free One-fourth of 1% of $1,000 (the stated redemption price) times 10 (the number of full years from the date of original issue to maturity) equals $25. 2012 tax filing for free Under the de minimis rule, you can treat the OID as zero because the $20 discount is less than $25. 2012 tax filing for free Example 3. 2012 tax filing for free Assume the same facts as Example 2, except the debt instrument was issued at $950. 2012 tax filing for free You must report part of the $50 OID each year because it is more than $25. 2012 tax filing for free Choice to report all interest as OID. 2012 tax filing for free   Generally, you can choose to treat all interest on a debt instrument acquired after April 3, 1994, as OID and include it in gross income by using the constant yield method. 2012 tax filing for free See Constant yield method under Debt Instruments Issued After 1984, later, for more information. 2012 tax filing for free   For this choice, interest includes stated interest, acquisition discount, OID, de minimis OID, market discount, de minimis market discount, and unstated interest, as adjusted by any amortizable bond premium or acquisition premium. 2012 tax filing for free For more information, see Regulations section 1. 2012 tax filing for free 1272-3. 2012 tax filing for free Purchase after date of original issue. 2012 tax filing for free   A debt instrument you purchased after the date of original issue may have premium, acquisition premium, or market discount. 2012 tax filing for free If so, the OID reported to you on Form 1099-OID may have to be adjusted. 2012 tax filing for free For more information, see Showing an OID adjustment under How To Report OID, later. 2012 tax filing for free The following rules generally do not apply to contingent payment debt instruments. 2012 tax filing for free Adjustment for premium. 2012 tax filing for free   If your debt instrument (other than an inflation-indexed debt instrument) has premium, do not report any OID as ordinary income. 2012 tax filing for free Your adjustment is the total OID shown on your Form 1099-OID. 2012 tax filing for free Adjustment for acquisition premium. 2012 tax filing for free   If your debt instrument has acquisition premium, reduce the OID you report. 2012 tax filing for free Your adjustment is the difference between the OID shown on your Form 1099-OID and the reduced OID amount figured using the rules explained later under Figuring OID on Long-Term Debt Instruments. 2012 tax filing for free Adjustment for market discount. 2012 tax filing for free   If your debt instrument has market discount that you choose to include in income currently, increase the OID you report. 2012 tax filing for free Your adjustment is the accrued market discount for the year. 2012 tax filing for free See Market Discount Bonds in chapter 1 of Publication 550 for information on how to figure accrued market discount and include it in your income currently and for other information about market discount bonds. 2012 tax filing for free If you choose to use the constant yield method to figure accrued market discount, also see Figuring OID on Long-Term Debt Instruments, later. 2012 tax filing for free The constant yield method of figuring accrued OID, explained in those discussions under Constant yield method, is also used to figure accrued market discount. 2012 tax filing for free For more information concerning premium or market discount on an inflation-indexed debt instrument, see Regulations section 1. 2012 tax filing for free 1275-7. 2012 tax filing for free Sale, exchange, or redemption. 2012 tax filing for free   Generally, you treat your gain or loss from the sale, exchange, or redemption of a discounted debt instrument as a capital gain or loss if you held the debt instrument as a capital asset. 2012 tax filing for free If you sold the debt instrument through a broker, you should receive Form 1099-B or an equivalent statement from the broker. 2012 tax filing for free Use the Form 1099-B or other statement and your brokerage statements to complete Form 8949, and Schedule D (Form 1040). 2012 tax filing for free   Your gain or loss is the difference between the amount you realized on the sale, exchange, or redemption and your basis in the debt instrument. 2012 tax filing for free Your basis, generally, is your cost increased by the OID you have included in income each year you held it. 2012 tax filing for free In general, to determine your gain or loss on a tax-exempt bond, figure your basis in the bond by adding to your cost the OID you would have included in income if the bond had been taxable. 2012 tax filing for free   See chapter 4 of Publication 550 for more information about the tax treatment of the sale or redemption of discounted debt instruments. 2012 tax filing for free Example 4. 2012 tax filing for free Larry, a calendar year taxpayer, bought a corporate debt instrument at original issue for $86,235. 2012 tax filing for free 00 on November 1 of Year 1. 2012 tax filing for free The 15-year debt instrument matures on October 31 of Year 16 at a stated redemption price of $100,000. 2012 tax filing for free The debt instrument provides for semiannual payments of interest at 10%. 2012 tax filing for free Assume the debt instrument is a capital asset in Larry's hands. 2012 tax filing for free The debt instrument has $13,765. 2012 tax filing for free 00 of OID ($100,000 stated redemption price at maturity minus $86,235. 2012 tax filing for free 00 issue price). 2012 tax filing for free Larry sold the debt instrument for $90,000 on November 1 of Year 4. 2012 tax filing for free Including the OID he will report for the period he held the debt instrument in Year 4, Larry has included $4,556. 2012 tax filing for free 00 of OID in income and has increased his basis by that amount to $90,791. 2012 tax filing for free 00. 2012 tax filing for free Larry has realized a loss of $791. 2012 tax filing for free 00. 2012 tax filing for free All of Larry's loss is capital loss. 2012 tax filing for free Form 1099-OID The issuer of the debt instrument (or your broker, if you purchased or held the debt instrument through a broker) should give you a copy of Form 1099-OID or a similar statement if the accrued OID for the calendar year is $10 or more and the term of the debt instrument is more than 1 year. 2012 tax filing for free Form 1099-OID shows all OID income in box 1 except OID on a U. 2012 tax filing for free S. 2012 tax filing for free Treasury obligation, which is shown in box 8. 2012 tax filing for free It also shows, in box 2, any qualified stated interest you must include in income. 2012 tax filing for free (However, any qualified stated interest on Treasury inflation-protected securities can be reported on Form 1099-INT in box 3. 2012 tax filing for free ) A copy of Form 1099-OID will be sent to the IRS. 2012 tax filing for free Do not attach your copy to your tax return. 2012 tax filing for free Keep it for your records. 2012 tax filing for free If you are required to file a tax return and you receive Form 1099-OID showing taxable amounts, you must report these amounts on your return. 2012 tax filing for free A 20% accuracy-related penalty may be charged for underpayment of tax due to either negligence or disregard of rules and regulations or substantial understatement of tax. 2012 tax filing for free Form 1099-OID not received. 2012 tax filing for free   If you held an OID debt instrument for a calendar year but did not receive a Form 1099-OID, refer to the discussions under Figuring OID on Long-Term Debt Instruments, later, for information on the OID you must report. 2012 tax filing for free Refiguring OID. 2012 tax filing for free   You must refigure the OID shown on Form 1099-OID, in box 1 or box 8, to determine the proper amount to include in income if one of the following applies. 2012 tax filing for free You bought the debt instrument at a premium or at an acquisition premium. 2012 tax filing for free The debt instrument is a stripped bond or coupon (including zero coupon bonds backed by U. 2012 tax filing for free S. 2012 tax filing for free Treasury securities). 2012 tax filing for free The debt instrument is a contingent payment or inflation-indexed debt instrument. 2012 tax filing for free See the discussions under Figuring OID on Long-Term Debt Instruments or Figuring OID on Stripped Bonds and Coupons, later, for the specific computations. 2012 tax filing for free Refiguring interest. 2012 tax filing for free   If you disposed of a debt instrument or acquired it from another holder between interest dates, see the discussion under Bonds Sold Between Interest Dates in chapter 1 of Publication 550 for information about refiguring the interest shown on Form 1099-OID in box 2. 2012 tax filing for free Nominee. 2012 tax filing for free   If you are the holder of an OID debt instrument and you receive a Form 1099-OID that shows your taxpayer identification number and includes amounts belonging to another person, you are considered a “nominee. 2012 tax filing for free ” You must file another Form 1099-OID for each actual owner, showing the OID for the owner. 2012 tax filing for free Show the owner of the debt instrument as the “recipient” and you as the “payer. 2012 tax filing for free ”   Complete Form 1099-OID and Form 1096 and file the forms with the Internal Revenue Service Center for your area. 2012 tax filing for free You must also give a copy of the Form 1099-OID to the actual owner. 2012 tax filing for free However, you are not required to file a nominee return to show amounts belonging to your spouse. 2012 tax filing for free See the Form 1099 instructions for more information. 2012 tax filing for free   When preparing your tax return, follow the instructions under Showing an OID adjustment in the next discussion. 2012 tax filing for free How To Report OID Generally, you report your taxable interest and OID income on the interest line of Form 1040EZ, Form 1040A, or Form 1040. 2012 tax filing for free Form 1040 or Form 1040A required. 2012 tax filing for free   You must use Form 1040 or Form 1040A (you cannot use Form 1040EZ) under either of the following conditions. 2012 tax filing for free You received a Form 1099-OID as a nominee for the actual owner. 2012 tax filing for free Your total interest and OID income for the year was more than $1,500. 2012 tax filing for free Form 1040 required. 2012 tax filing for free   You must use Form 1040 (you cannot use Form 1040A or Form 1040EZ) if you are reporting more or less OID than the amount shown on Form 1099-OID, other than because you are a nominee. 2012 tax filing for free For example, if you paid a premium or an acquisition premium when you purchased the debt instrument, you must use Form 1040 because you will report less OID than shown on Form 1099-OID. 2012 tax filing for free Also, you must use Form 1040 if you were charged an early withdrawal penalty. 2012 tax filing for free Where to report. 2012 tax filing for free   List each payer's name (if a brokerage firm gave you a Form 1099, list the brokerage firm as the payer) and the amount received from each payer on Form 1040A, Schedule B, Part I, line 1, or Form 1040, Schedule B, line 1. 2012 tax filing for free Include all OID and periodic interest shown on any Form 1099-OID, boxes 1, 2, and 8, you received for the tax year. 2012 tax filing for free Also include any other OID and interest income for which you did not receive a Form 1099. 2012 tax filing for free Showing an OID adjustment. 2012 tax filing for free   If you use Form 1040 to report more or less OID than shown on Form 1099-OID, list the full OID on Schedule B, Part I, line 1, and follow the instructions under 1 or 2, next. 2012 tax filing for free   If you use Form 1040A to report the OID shown on a Form 1099-OID you received as a nominee for the actual owner, list the full OID on Schedule B, Part I, line 1 and follow the instructions under 1. 2012 tax filing for free If the OID, as adjusted, is less than the amount shown on Form 1099-OID, show the adjustment as follows. 2012 tax filing for free Under your last entry on line 1, subtotal all interest and OID income listed on line 1. 2012 tax filing for free Below the subtotal, write “Nominee Distribution” or “OID Adjustment” and show the OID you are not required to report. 2012 tax filing for free Subtract that OID from the subtotal and enter the result on line 2. 2012 tax filing for free If the OID, as adjusted, is more than the amount shown on Form 1099-OID, show the adjustment as follows. 2012 tax filing for free Under your last entry on line 1, subtotal all interest and OID income listed on line 1. 2012 tax filing for free Below the subtotal, write “OID Adjustment” and show the additional OID. 2012 tax filing for free Add that OID to the subtotal and enter the result on line 2. 2012 tax filing for free Figuring OID on Long-Term Debt Instruments How you figure the OID on a long-term debt instrument depends on the date it was issued. 2012 tax filing for free It also may depend on the type of the debt instrument. 2012 tax filing for free There are different rules for each of the following debt instruments. 2012 tax filing for free Corporate debt instruments issued after 1954 and before May 28, 1969, and government debt instruments issued after 1954 and before July 2, 1982. 2012 tax filing for free Corporate debt instruments issued after May 27, 1969, and before July 2, 1982. 2012 tax filing for free Debt instruments issued after July 1, 1982, and before 1985. 2012 tax filing for free Debt instruments issued after 1984 (other than debt instruments described in (5) and (6)). 2012 tax filing for free Contingent payment debt instruments issued after August 12, 1996. 2012 tax filing for free Inflation-indexed debt instruments (including Treasury inflation-protected securities) issued after January 5, 1997. 2012 tax filing for free Zero coupon bonds. 2012 tax filing for free   The rules for figuring OID on zero coupon bonds backed by U. 2012 tax filing for free S. 2012 tax filing for free Treasury securities are discussed under Figuring OID on Stripped Bonds and Coupons, later. 2012 tax filing for free Corporate Debt Instruments Issued After 1954 and Before May 28, 1969, and Government Debt Instruments Issued After 1954 and Before July 2, 1982 If you hold these debt instruments as capital assets, you include OID in income only in the year the debt instrument is sold, exchanged, or redeemed, and only if you have a gain. 2012 tax filing for free The OID, which is taxed as ordinary income, generally equals the following amount. 2012 tax filing for free   number of full months you held the debt instrument  number of full months from date of original issue to date of maturity X original issue discount The balance of the gain is capital gain. 2012 tax filing for free If there is a loss on the sale of the debt instrument, the entire loss is a capital loss and no OID is reported. 2012 tax filing for free Corporate Debt Instruments Issued After May 27, 1969, and Before July 2, 1982 If you hold these debt instruments as capital assets, you must include part of the OID in income each year you own the debt instruments. 2012 tax filing for free For information about showing the correct OID on your tax return, see the discussion under How To Report OID, earlier. 2012 tax filing for free Your basis in the debt instrument is increased by the OID you include in income. 2012 tax filing for free Form 1099-OID. 2012 tax filing for free   You should receive a Form 1099-OID showing OID for the part of the year you held the debt instrument. 2012 tax filing for free However, if you paid an acquisition premium, you may need to refigure the OID to report on your tax return. 2012 tax filing for free See Reduction for acquisition premium, later. 2012 tax filing for free If you held an OID debt instrument in a calendar year but did not receive a Form 1099-OID, see Form 1099-OID not received, immediately below, and refer to Section I-A available at www. 2012 tax filing for free irs. 2012 tax filing for free gov/pub1212 by clicking the link under Recent Developments. 2012 tax filing for free Form 1099-OID not received. 2012 tax filing for free    The OID listed is for each $1,000 of redemption price. 2012 tax filing for free You must adjust the listed amount if your debt instrument has a different principal amount. 2012 tax filing for free For example, if you have a debt instrument with a $500 principal amount, use one-half the listed amount to figure your OID. 2012 tax filing for free   If you held the debt instrument the entire year, use the OID shown in Section I-A for a calendar year. 2012 tax filing for free (If your debt instrument is not listed in Section I-A, consult the issuer for information about the issue price and the OID that accrued for that year. 2012 tax filing for free ) If you did not hold the debt instrument the entire year, figure your OID using the following method. 2012 tax filing for free Divide the OID shown by 12. 2012 tax filing for free Multiply the result in (1) by the number of complete and partial months (for example, 6½ months) you held the debt instrument during a calendar year. 2012 tax filing for free This is the OID to include in income unless you paid an acquisition premium. 2012 tax filing for free The reduction for acquisition premium is discussed next. 2012 tax filing for free Reduction for acquisition premium. 2012 tax filing for free   If you bought the debt instrument at an acquisition premium, figure the OID to include in income as follows. 2012 tax filing for free Divide the total OID on the debt instrument by the number of complete months, and any part of a month, from the date of original issue to the maturity date. 2012 tax filing for free This is the monthly OID. 2012 tax filing for free Subtract from your cost the issue price and the accumulated OID from the date of issue to the date of purchase. 2012 tax filing for free (If the result is zero or less, stop here. 2012 tax filing for free You did not pay an acquisition premium. 2012 tax filing for free ) Divide the amount figured in (2) by the number of complete months, and any part of a month, from the date of your purchase to the maturity date. 2012 tax filing for free Subtract the amount figured in (3) from the amount figured in (1). 2012 tax filing for free This is the OID to include in income for each month you hold the debt instrument during the year. 2012 tax filing for free Transfers during the month. 2012 tax filing for free   If you buy or sell a debt instrument on any day other than the same day of the month as the date of original issue, the ratable monthly portion of OID for the month of sale is divided between the seller and the buyer according to the number of days each held the debt instrument. 2012 tax filing for free Your holding period for this purpose begins the day you acquire the debt instrument and ends the day before you dispose of it. 2012 tax filing for free Debt Instruments Issued After July 1, 1982, and Before 1985 If you hold these debt instruments as capital assets, you must include part of the OID in income each year you own the debt instruments and increase your basis by the amount included. 2012 tax filing for free For information about showing the correct OID on your tax return, see How To Report OID, earlier. 2012 tax filing for free Form 1099-OID. 2012 tax filing for free   You should receive a Form 1099-OID showing OID for the part of the year you held the debt instrument. 2012 tax filing for free However, if you paid an acquisition premium, you may need to refigure the OID to report on your tax return. 2012 tax filing for free See Constant yield method and the discussions on acquisition premium that follow, later. 2012 tax filing for free If you held an OID debt instrument in a calendar year but did not receive a Form 1099-OID, see Form 1099-OID not received, immediately below, and refer to Section I-A available at www. 2012 tax filing for free irs. 2012 tax filing for free gov/pub1212 by clicking the link under Recent Developments. 2012 tax filing for free Form 1099-OID not received. 2012 tax filing for free    The OID listed is for each $1,000 of redemption price. 2012 tax filing for free You must adjust the listed amount if your debt instrument has a different principal amount. 2012 tax filing for free For example, if you have a debt instrument with a $500 principal amount, use one-half the listed amount to figure your OID. 2012 tax filing for free   If you held the debt instrument the entire year, use the OID shown in Section I-A. 2012 tax filing for free (If your instrument is not listed in Section I-A, consult the issuer for information about the issue price, the yield to maturity, and the OID that accrued for that year. 2012 tax filing for free ) If you did not hold the debt instrument the entire year, figure your OID using either of the following methods. 2012 tax filing for free Method 1. 2012 tax filing for free    Divide the total OID for a calendar year by 365 (366 for leap years). 2012 tax filing for free Multiply the result in (1) by the number of days you held the debt instrument during that particular year. 2012 tax filing for free  This computation is an approximation and may result in a slightly higher OID than Method 2. 2012 tax filing for free Method 2. 2012 tax filing for free    Look up the daily OID for the first accrual period you held the debt instrument during a calendar year. 2012 tax filing for free (See Accrual period under Constant yield method, next. 2012 tax filing for free ) Multiply the daily OID by the number of days you held the debt instrument during that accrual period. 2012 tax filing for free If you held the debt instrument for part of both accrual periods, repeat (1) and (2) for the second accrual period. 2012 tax filing for free Add the results of (2) and (3). 2012 tax filing for free This is the OID to include in income, unless you paid an acquisition premium. 2012 tax filing for free (The reduction for acquisition premium is discussed later. 2012 tax filing for free ) Constant yield method. 2012 tax filing for free   This discussion shows how to figure OID on debt instruments issued after July 1, 1982, and before 1985, using a constant yield method. 2012 tax filing for free OID is allocated over the life of the debt instrument through adjustments to the issue price for each accrual period. 2012 tax filing for free   Figure the OID allocable to any accrual period as follows. 2012 tax filing for free Multiply the adjusted issue price at the beginning of the accrual period by the debt instrument's yield to maturity. 2012 tax filing for free Subtract from the result in (1) any qualified stated interest allocable to the accrual period. 2012 tax filing for free Accrual period. 2012 tax filing for free   An accrual period for any OID debt instrument issued after July 1, 1982, and before 1985 is each 1-year period beginning on the date of the issue of the obligation and each anniversary thereafter, or the shorter period to maturity for the last accrual period. 2012 tax filing for free Your tax year will usually include parts of two accrual periods. 2012 tax filing for free Daily OID. 2012 tax filing for free   The OID for any accrual period is allocated equally to each day in the accrual period. 2012 tax filing for free You must include in income the sum of the OID amounts for each day you hold the debt instrument during the year. 2012 tax filing for free If your tax year includes parts of two or more accrual periods, you must include the proper daily OID amounts for each accrual period. 2012 tax filing for free Figuring daily OID. 2012 tax filing for free   The daily OID for the initial accrual period is figured using the following formula. 2012 tax filing for free   (ip × ytm) − qsi     p   ip = issue price ytm = yield to maturity qsi = qualified stated interest p = number of days in accrual period         The daily OID for subsequent accrual periods is figured the same way except the adjusted issue price at the beginning of each period is used in the formula instead of the issue price. 2012 tax filing for free Reduction for acquisition premium on debt instruments purchased before July 19, 1984. 2012 tax filing for free   If you bought the debt instrument at an acquisition premium before July 19, 1984, figure the OID includible in income by reducing the daily OID by the daily acquisition premium. 2012 tax filing for free Figure the daily acquisition premium by dividing the total acquisition premium by the number of days in the period beginning on your purchase date and ending on the day before the date of maturity. 2012 tax filing for free Reduction for acquisition premium on debt instruments purchased after July 18, 1984. 2012 tax filing for free   If you bought the debt instrument at an acquisition premium after July 18, 1984, figure the OID includible in income by reducing the daily OID by the daily acquisition premium. 2012 tax filing for free However, the method of figuring the daily acquisition premium is different from the method described in the preceding discussion. 2012 tax filing for free To figure the daily acquisition premium under this method, multiply the daily OID by the following fraction. 2012 tax filing for free The numerator is the acquisition premium. 2012 tax filing for free The denominator is the total OID remaining for the debt instrument after your purchase date. 2012 tax filing for free Section I-A is available at www. 2012 tax filing for free irs. 2012 tax filing for free gov/pub1212 and clicking the link under Recent Developments. 2012 tax filing for free Using Section I-A to figure accumulated OID. 2012 tax filing for free   If you bought your corporate debt instrument in a calendar year or the subsequent year, you can figure the accumulated OID to the date of purchase by adding the following amounts. 2012 tax filing for free The amount from the “Total OID to January 1, YYYY” column for your debt instrument. 2012 tax filing for free The OID from January 1 of a calendar year to the date of purchase, figured as follows. 2012 tax filing for free Multiply the daily OID for the first accrual period in the calendar year by the number of days from January 1 to the date of purchase, or the end of the accrual period if the debt instrument was purchased in the second or third accrual period. 2012 tax filing for free Multiply the daily OID for each subsequent accrual period by the number of days in the period to the date of purchase or the end of the accrual period, whichever applies. 2012 tax filing for free Add the amounts figured in (2a) and (2b). 2012 tax filing for free Debt Instruments Issued After 1984 If you hold debt instruments issued after 1984, you must report part of the OID in gross income each year that you own the debt instruments. 2012 tax filing for free You must include the OID in gross income whether or not you hold the debt instrument as a capital asset. 2012 tax filing for free Your basis in the debt instrument is increased by the OID you include in income. 2012 tax filing for free For information about showing the correct OID on your tax return, see How To Report OID, earlier. 2012 tax filing for free Form 1099-OID. 2012 tax filing for free   You should receive a Form 1099-OID showing OID for the part of a calendar year you held the debt instrument. 2012 tax filing for free However, if you paid an acquisition premium, you may need to refigure the OID to report on your tax return. 2012 tax filing for free See Constant yield method and Reduction for acquisition premium, later. 2012 tax filing for free   You may also need to refigure the OID for a contingent payment or inflation-indexed debt instrument on which the amount reported on Form 1099-OID is inaccurate. 2012 tax filing for free See Contingent Payment Debt Instruments or Inflation-Indexed Debt Instruments, later. 2012 tax filing for free If you held an OID debt instrument in a calendar year but did not receive a Form 1099-OID, see Form 1099-OID not received, immediately below, and refer to Section I-B available at www. 2012 tax filing for free irs. 2012 tax filing for free gov/pub1212 by clicking the link under Recent Developments. 2012 tax filing for free Form 1099-OID not received. 2012 tax filing for free   The OID listed is for each $1,000 of redemption price. 2012 tax filing for free You must adjust the listed amount if your debt instrument has a different principal amount. 2012 tax filing for free For example, if you have a debt instrument with a $500 principal amount, use one-half the listed amount to figure your OID. 2012 tax filing for free   Use the OID shown in Section I-B for a calendar year if you held the debt instrument the entire year. 2012 tax filing for free (If your debt instrument is not listed in Section I-B, consult the issuer for information about the issue price, the yield to maturity, and the OID that accrued for that year. 2012 tax filing for free ) If you did not hold the debt instrument the entire year, figure your OID as follows. 2012 tax filing for free Look up the daily OID for the first accrual period in which you held the debt instrument during a calendar year. 2012 tax filing for free (See Accrual period under Constant yield method, later. 2012 tax filing for free ) Multiply the daily OID by the number of days you held the debt instrument during that accrual period. 2012 tax filing for free Repeat (1) and (2) for any remaining accrual periods in which you held the debt instrument. 2012 tax filing for free Add the results of (2) and (3). 2012 tax filing for free This is the OID to include in income for that year, unless you paid an acquisition premium. 2012 tax filing for free (The reduction for acquisition premium is discussed later. 2012 tax filing for free ) Tax-exempt bond. 2012 tax filing for free   If you own a tax-exempt bond, figure your basis in the bond by adding to your cost the OID you would have included in income if the bond had been taxable. 2012 tax filing for free You need to make this adjustment to determine if you have a gain or loss on a later disposition of the bond. 2012 tax filing for free In general, use the rules that follow to determine your OID. 2012 tax filing for free Constant yield method. 2012 tax filing for free   This discussion shows how to figure OID on debt instruments issued after 1984 using a constant yield method. 2012 tax filing for free (The special rules that apply to contingent payment debt instruments and inflation-indexed debt instruments are explained later. 2012 tax filing for free ) OID is allocated over the life of the debt instrument through adjustments to the issue price for each accrual period. 2012 tax filing for free   Figure the OID allocable to any accrual period as follows. 2012 tax filing for free Multiply the adjusted issue price at the beginning of the accrual period by a fraction. 2012 tax filing for free The numerator of the fraction is the debt instrument's yield to maturity and the denominator is the number of accrual periods per year. 2012 tax filing for free The yield must be stated appropriately taking into account the length of the particular accrual period. 2012 tax filing for free Subtract from the result in (1) any qualified stated interest allocable to the accrual period. 2012 tax filing for free Accrual period. 2012 tax filing for free   For debt instruments issued after 1984 and before April 4, 1994, an accrual period is each 6-month period that ends on the day that corresponds to the stated maturity date of the debt instrument or the date 6 months before that date. 2012 tax filing for free For example, a debt instrument maturing on March 31 has accrual periods that end on September 30 and March 31 of each calendar year. 2012 tax filing for free Any short period is included as the first accrual period. 2012 tax filing for free   For debt instruments issued after April 3, 1994, accrual periods may be of any length and may vary in length over the term of the debt instrument, as long as each accrual period is no longer than 1 year and all payments are made on the first or last day of an accrual period. 2012 tax filing for free However, the OID listed for these debt instruments in Section I-B has been figured using 6-month accrual periods. 2012 tax filing for free Daily OID. 2012 tax filing for free   The OID for any accrual period is allocated equally to each day in the accrual period. 2012 tax filing for free Figure the amount to include in income by adding the OID for each day you hold the debt instrument during the year. 2012 tax filing for free Since your tax year will usually include parts of two or more accrual periods, you must include the proper daily OID for each accrual period. 2012 tax filing for free If your debt instrument has 6-month accrual periods, your tax year will usually include one full 6-month accrual period and parts of two other 6-month periods. 2012 tax filing for free Figuring daily OID. 2012 tax filing for free   The daily OID for the initial accrual period is figured using the following formula. 2012 tax filing for free   (ip × ytm/n) − qsi     p   ip = issue price ytm = yield to maturity n = number of accrual periods in 1 year qsi = qualified stated interest p = number of days in accrual period       The daily OID for subsequent accrual periods is figured the same way except the adjusted issue price at the beginning of each period is used in the formula instead of the issue price. 2012 tax filing for free Example 5. 2012 tax filing for free On January 1 of Year 1, you bought a 15-year, 10% debt instrument of A Corporation at original issue for $86,235. 2012 tax filing for free 17. 2012 tax filing for free According to the prospectus, the debt instrument matures on December 31 of Year 15 at a stated redemption price of $100,000. 2012 tax filing for free The yield to maturity is 12%, compounded semiannually. 2012 tax filing for free The debt instrument provides for qualified stated interest payments of $5,000 on June 30 and December 31 of each calendar year. 2012 tax filing for free The accrual periods are the 6-month periods ending on each of these dates. 2012 tax filing for free The number of days for the first accrual period (January 1 through June 30) is 181 days (182 for leap years). 2012 tax filing for free The daily OID for the first accrual period is figured as follows. 2012 tax filing for free   ($86,235. 2012 tax filing for free 17 x . 2012 tax filing for free 12/2) – $5,000     181 days     = $174. 2012 tax filing for free 11020 = $. 2012 tax filing for free 96193   181           The adjusted issue price at the beginning of the second accrual period is the issue price plus the OID previously includible in income ($86,235. 2012 tax filing for free 17 + $174. 2012 tax filing for free 11), or $86,409. 2012 tax filing for free 28. 2012 tax filing for free The number of days for the second accrual period (July 1 through December 31) is 184 days. 2012 tax filing for free The daily OID for the second accrual period is figured as follows. 2012 tax filing for free   ($86,409. 2012 tax filing for free 28 x . 2012 tax filing for free 12/2) – $5,000     184 days     = $184. 2012 tax filing for free 55681 = $1. 2012 tax filing for free 00303   184 Since the first and second accrual periods coincide exactly with your tax year, you include in income for Year 1 the OID allocable to the first two accrual periods, $174. 2012 tax filing for free 11 ($. 2012 tax filing for free 95665 × 182 days) plus $184. 2012 tax filing for free 56 ($1. 2012 tax filing for free 00303 × 184 days), or $358. 2012 tax filing for free 67. 2012 tax filing for free Add the OID to the $10,000 interest you report on your income tax return for Year 1. 2012 tax filing for free Example 6. 2012 tax filing for free Assume the same facts as in Example 5, except that you bought the debt instrument at original issue on May 1 of Year 1, with a maturity date of April 30, Year 16. 2012 tax filing for free Also, the interest payment dates are October 31 and April 30 of each calendar year. 2012 tax filing for free The accrual periods are the 6-month periods ending on each of these dates. 2012 tax filing for free The number of days for the first accrual period (May 1 through October 31) is 184 days. 2012 tax filing for free The daily OID for the first accrual period is figured as follows. 2012 tax filing for free   ($86,235. 2012 tax filing for free 17 x . 2012 tax filing for free 12/2) – $5,000     184 days     = $174. 2012 tax filing for free 11020 = $. 2012 tax filing for free 94625   184           The number of days for the second accrual period (November 1 through April 30) is 181 days (182 for leap years). 2012 tax filing for free The daily OID for the second accrual period is figured as follows. 2012 tax filing for free   ($86,409. 2012 tax filing for free 28 x . 2012 tax filing for free 12/2) – $5,000     181 days     = $184. 2012 tax filing for free 55681 = $1. 2012 tax filing for free 01965   181 If you hold the debt instrument through the end of Year 1, you must include $236. 2012 tax filing for free 31 of OID in income. 2012 tax filing for free This is $174. 2012 tax filing for free 11 ($. 2012 tax filing for free 94625 × 184 days) for the period May 1 through October 31 plus $62. 2012 tax filing for free 20 ($1. 2012 tax filing for free 01965 × 61 days) for the period November 1 through December 31. 2012 tax filing for free The OID is added to the $5,000 interest income paid on October 31 of Year 1. 2012 tax filing for free Your basis in the debt instrument is increased by the OID you include in income. 2012 tax filing for free On January 1 of Year 2, your basis in the A Corporation debt instrument is $86,471. 2012 tax filing for free 48 ($86,235. 2012 tax filing for free 17 + $236. 2012 tax filing for free 31). 2012 tax filing for free Short first accrual period. 2012 tax filing for free   You may have to make adjustments if a debt instrument has a short first accrual period. 2012 tax filing for free For example, a debt instrument with 6-month accrual periods that is issued on February 15 and matures on October 31 has a short first accrual period that ends April 30. 2012 tax filing for free (The remaining accrual periods begin on May 1 and November 1. 2012 tax filing for free ) For this short period, figure the daily OID as described earlier, but adjust the yield for the length of the short accrual period. 2012 tax filing for free You may use any reasonable compounding method in determining OID for a short period. 2012 tax filing for free Examples of reasonable compounding methods include continuous compounding and monthly compounding (that is, simple interest within a month). 2012 tax filing for free Consult your tax advisor for more information about making this computation. 2012 tax filing for free   The OID for the final accrual period is the difference between the amount payable at maturity (other than a payment of qualified stated interest) and the adjusted issue price at the beginning of the final accrual period. 2012 tax filing for free Reduction for acquisition premium. 2012 tax filing for free   If you bought the debt instrument at an acquisition premium, figure the OID includible in income by reducing the daily OID by the daily acquisition premium. 2012 tax filing for free To figure the daily acquisition premium, multiply the daily OID by the following fraction. 2012 tax filing for free The numerator is the acquisition premium. 2012 tax filing for free The denominator is the total OID remaining for the debt instrument after your purchase date. 2012 tax filing for free Example 7. 2012 tax filing for free Assume the same facts as in Example 6, except that you bought the debt instrument on November 1 of Year 1 for $87,000, after its original issue on May 1 of Year 1. 2012 tax filing for free The adjusted issue price on November 1 of Year 1 is $86,409. 2012 tax filing for free 28 ($86,235. 2012 tax filing for free 17 + $174. 2012 tax filing for free 11). 2012 tax filing for free In this case, you paid an acquisition premium of $590. 2012 tax filing for free 72 ($87,000 − $86,409. 2012 tax filing for free 28). 2012 tax filing for free The daily OID for the accrual period November 1 through April 30, reduced for the acquisition premium, is figured as follows. 2012 tax filing for free 1) Daily OID on date of purchase (2nd accrual period) $1. 2012 tax filing for free 01965*  2)  Acquisition premium $590. 2012 tax filing for free 72    3)  Total OID remaining after purchase date ($13,764. 2012 tax filing for free 83 − $174. 2012 tax filing for free 11) 13,590. 2012 tax filing for free 72   4) Line 2 ÷ line 3 . 2012 tax filing for free 04346  5)  Line 1 × line 4 . 2012 tax filing for free 04432  6)  Daily OID reduced for the acquisition premium. 2012 tax filing for free Line 1 − line 5 $0. 2012 tax filing for free 97533  * As shown in Example 6. 2012 tax filing for free The total OID to include in income for Year 1 is $59. 2012 tax filing for free 50 ($. 2012 tax filing for free 97533 × 61 days). 2012 tax filing for free Contingent Payment Debt Instruments This discussion shows how to figure OID on a contingent payment debt instrument issued after August 12, 1996, that was issued for cash or publicly traded property. 2012 tax filing for free In general, a contingent payment debt instrument provides for one or more payments that are contingent as to timing or amount. 2012 tax filing for free If you hold a contingent payment bond, you must report OID as it accrues each year. 2012 tax filing for free Because the actual payments on a contingent payment debt instrument cannot be known in advance, issuers and holders cannot use the constant yield method (discussed earlier under Debt Instruments Issued After 1984) without making certain assumptions about the payments on the debt instrument. 2012 tax filing for free To figure OID accruals on contingent payment debt instruments, holders and issuers must use the noncontingent bond method. 2012 tax filing for free Noncontingent bond method. 2012 tax filing for free    Under this method, the issuer must compute a comparable yield for the debt instrument and, based on this yield, construct a projected payment schedule for the instrument, which includes a projected fixed amount for each contingent payment. 2012 tax filing for free In general, holders and issuers accrue OID on this projected payment schedule using the constant yield method that applies to fixed payment debt instruments. 2012 tax filing for free When a contingent payment differs from the projected fixed amount, the holders and issuers make adjustments to their OID accruals. 2012 tax filing for free If the actual contingent payment is larger than expected, both the issuer and the holder increase their OID accruals. 2012 tax filing for free If the actual contingent payment is smaller than expected, holders and issuers generally decrease their OID accruals. 2012 tax filing for free Form 1099-OID. 2012 tax filing for free   The amount shown on Form 1099-OID in box 1 you receive for a contingent payment debt instrument may not be the correct amount to include in income. 2012 tax filing for free For example, the amount may not be correct if the contingent payment was different from the projected amount. 2012 tax filing for free If the amount in box 1 is not correct, you must figure the OID to report on your return under the following rules. 2012 tax filing for free For information on showing an OID adjustment on your tax return, see How To Report OID, earlier. 2012 tax filing for free Figuring OID. 2012 tax filing for free   To figure OID on a contingent payment debt instrument, you need to know the “comparable yield” and “projected payment schedule” of the debt instrument. 2012 tax filing for free The issuer must make these available to you. 2012 tax filing for free Comparable yield. 2012 tax filing for free   The comparable yield generally is the yield at which the issuer would issue a fixed rate debt instrument with terms and conditions similar to those of the contingent payment debt instrument. 2012 tax filing for free The comparable yield is determined as of the debt instrument's issue date. 2012 tax filing for free Projected payment schedule. 2012 tax filing for free   The projected payment schedule for a contingent payment debt instrument includes all fixed payments due under the instrument and a projected fixed amount for each contingent payment. 2012 tax filing for free The projected payment schedule is created by the issuer as of the debt instrument's issue date. 2012 tax filing for free It is used to determine the issuer's and holder's interest accruals and adjustments. 2012 tax filing for free Steps for figuring OID. 2012 tax filing for free   Figure the OID on a contingent payment debt instrument in two steps. 2012 tax filing for free Figure the OID using the constant yield method (discussed earlier under Debt Instruments Issued After 1984 ) that applies to fixed payment debt instruments. 2012 tax filing for free Use the comparable yield as the yield to maturity. 2012 tax filing for free In general, use the projected payment schedule to determine the instrument's adjusted issue price at the beginning of each accrual period (other than the initial period). 2012 tax filing for free Do not treat any amount payable as qualified stated interest. 2012 tax filing for free Adjust the OID in (1) to account for actual contingent payments. 2012 tax filing for free If the contingent payment is greater than the projected fixed amount, you have a positive adjustment. 2012 tax filing for free If the contingent payment is less than the projected fixed amount, you have a negative adjustment. 2012 tax filing for free Net positive adjustment. 2012 tax filing for free   A net positive adjustment exists for a tax year when the total of any positive adjustments described in (2) above for the tax year is more than the total of any negative adjustments for the tax year. 2012 tax filing for free Treat a net positive adjustment as additional OID for the tax year. 2012 tax filing for free Net negative adjustment. 2012 tax filing for free   A net negative adjustment exists for a tax year when the total of any negative adjustments described in (2) above for the tax year is more than the total of any positive adjustments for the tax year. 2012 tax filing for free Use a net negative adjustment to offset OID on the debt instrument for the tax year. 2012 tax filing for free If the net negative adjustment is more than the OID on the debt instrument for the tax year, you can claim the difference as an ordinary loss. 2012 tax filing for free However, the amount you can claim as an ordinary loss is limited to the OID on the debt instrument you included in income in prior tax years. 2012 tax filing for free You must carry forward any net negative adjustment that is more than the total OID for the tax year and prior tax years and treat it as a negative adjustment in the next tax year. 2012 tax filing for free Basis adjustments. 2012 tax filing for free   In general, increase your basis in a contingent payment debt instrument by the OID included in income. 2012 tax filing for free Your basis, however, is not affected by any negative or positive adjustments. 2012 tax filing for free Decrease your basis by any noncontingent payment received and the projected contingent payment scheduled to be received. 2012 tax filing for free Treatment of gain or loss on sale or exchange. 2012 tax filing for free   If you sell a contingent payment debt instrument at a gain, your gain is ordinary income (interest income), even if you hold the debt instrument as a capital asset. 2012 tax filing for free If you sell a contingent payment debt instrument at a loss, your loss is an ordinary loss to the extent of your prior OID accruals on the debt instrument. 2012 tax filing for free If the debt instrument is a capital asset, treat any loss that is more than your prior OID accruals as a capital loss. 2012 tax filing for free See Regulations section 1. 2012 tax filing for free 1275-4 for exceptions to these rules. 2012 tax filing for free Premium, acquisition premium, and market discount. 2012 tax filing for free   The rules for accruing premium, acquisition premium, and market discount do not apply to a contingent payment debt instrument. 2012 tax filing for free See Regulations section 1. 2012 tax filing for free 1275-4 to determine how to account for these items. 2012 tax filing for free Inflation-Indexed Debt Instruments This discussion shows how you figure OID on certain inflation-indexed debt instruments issued after January 5, 1997. 2012 tax filing for free An inflation-indexed debt instrument is generally a debt instrument on which the payments are adjusted for inflation and d

Tax Topic Index

Topic 123

These Tax Topics contain general individual and business tax information. If you don't find the answer to your question below, also check Frequently Asked Questions, Interactive Tax Assistant (ITA) and Tax Trails.

IRS Help Available Topic 100
IRS Services – Volunteer Tax Assistance, Outreach Programs and Identity Theft Topic 101
Tax Assistance for Individuals with Disabilities and the Deaf and Hard of Hearing Topic 102
Tax Help for Small Businesses and the Self-Employed Topic 103
Taxpayer Advocate Service – Your Voice at the IRS Topic 104
Armed Forces Tax Information Topic 105
Tax Relief in Disaster Situations Topic 107
IRS Procedures Topic 150
Your Appeal Rights Topic 151
Refund Information Topic 152
What To Do if You Haven't Filed Your Tax Return Topic 153
Form W-2 and Form 1099-R (What to Do if Incorrect or Not Received) Topic 154
Forms and Publications – How to Order Topic 155
Copy of Your Tax Return – How to Get One Topic 156
Change of Address – How to Notify the IRS Topic 157
Ensuring Proper Credit of Payments Topic 158
Prior Year(s) Form W-2 (How to Get a Copy) Topic 159
Form 1099-A (Acquisition or Abandonment of Secured Property) and Form 1099-C (Cancellation of Debt) Topic 160
Collection Topic 200
The Collection Process Topic 201
Tax Payment Options Topic 202
Refund Offsets for Unpaid Child Support, Certain Federal and State Debts, and Unemployment Compensation Debts Topic 203
Offers In Compromise Topic 204
Innocent Spouse Relief (Including Separation of Liability and Equitable Relief) Topic 205
Dishonored Payments Topic 206
Alternative Filing Methods Topic 250
Substitute Tax Forms Topic 253
How to Choose a Tax Return Preparer Topic 254
Self-Select PIN Signature Method for Online Registration Topic 255
General Information Topic 300
When, Where, and How to File Topic 301
Checklist of Common Errors When Preparing Your Tax Return Topic 303
Extensions of Time to File Your Tax Return Topic 304
Recordkeeping Topic 305
Penalty for Underpayment of Estimated Tax Topic 306
Backup Withholding Topic 307
Amended Returns Topic 308
Roth IRA Contributions Topic 309
Coverdell Education Savings Accounts Topic 310
Power of Attorney Information Topic 311
Disclosure Authorizations Topic 312
Qualified Tuition Programs (QTPs) Topic 313
Which Forms to File Topic 350
Which Form – 1040, 1040A, or 1040EZ? Topic 352
Decedents Topic 356
Types of Income Topic 400
Wages and Salaries Topic 401
Interest Received Topic 403
Dividends Topic 404
Business Income Topic 407
Capital Gains and Losses Topic 409
Pensions and Annuities Topic 410
Pensions – The General Rule and the Simplified Method Topic 411
Lump-Sum Distributions Topic 412
Rollovers from Retirement Plans Topic 413
Rental Income and Expenses Topic 414
Renting Residential and Vacation Property Topic 415
Farming and Fishing Income Topic 416
Earnings for Clergy Topic 417
Unemployment Compensation Topic 418
Gambling Income and Losses Topic 419
Bartering Income Topic 420
Scholarship and Fellowship Grants Topic 421
Social Security and Equivalent Railroad Retirement Benefits Topic 423
401(k) Plans Topic 424
Passive Activities – Losses and Credits Topic 425
Stock Options Topic 427
Traders in Securities (Information for Form 1040 Filers) Topic 429
Receipt of Stock in a Demutualization Topic 430
Canceled Debt – Is It Taxable or Not? Topic 431
Adjustments to Income Topic 450
Individual Retirement Arrangements (IRAs) Topic 451
Alimony Paid Topic 452
Bad Debt Deduction Topic 453
Moving Expenses Topic 455
Student Loan Interest Deduction Topic 456
Tuition and Fees Deduction Topic 457
Educator Expense Deduction Topic 458
Itemized Deductions Topic 500
Should I Itemize? Topic 501
Medical and Dental Expenses Topic 502
Deductible Taxes Topic 503
Home Mortgage Points Topic 504
Interest Expense Topic 505
Charitable Contributions Topic 506
Miscellaneous Expenses Topic 508
Business Use of Home Topic 509
Business Use of Car Topic 510
Business Travel Expenses Topic 511
Business Entertainment Expenses Topic 512
Educational Expenses Topic 513
Employee Business Expenses Topic 514
Casualty, Disaster, and Theft Losses (Including Federally Declared Disaster Areas) Topic 515
Tax Computation Topic 550
Standard Deduction Topic 551
Tax and Credits Figured by the IRS Topic 552
Tax on a Child's Investment Income Topic 553
Self-Employment Tax Topic 554
Alternative Minimum Tax Topic 556
Additional Tax on Early Distributions from Traditional and ROTH IRAs Topic 557
Additional Tax on Early Distributions from Retirement Plans, Other Than IRAs Topic 558
Net Investment Income Tax Topic 559
Additional Medicare Tax Topic 560
Tax Credits Topic 600
Earned Income Credit Topic 601
Child and Dependent Care Credit Topic 602
Adoption Credit and Adoption Assistance Programs Topic 607
Excess Social Security and RRTA Tax Withheld Topic 608
Retirement Savings Contributions Credit Topic 610
Repayment of the First-time Homebuyer Credit Topic 611
IRS Notices Topic 650
Notices – What to Do Topic 651
Notice of Underreported Income – CP-2000 Topic 652
IRS Notices and Bills, Penalties and Interest Charges Topic 653
Basis of Assets, Depreciation, and Sale of Assets Topic 700
Sale of Your Home Topic 701
Basis of Assets Topic 703
Depreciation Topic 704
Installment Sales Topic 705
Employer Tax Information Topic 750
Social Security and Medicare Withholding Rates Topic 751
Form W-2 – Where, When, and How to File Topic 752
Form W-4 – Employee's Withholding Allowance Certificate Topic 753
Employer Identification Number (EIN) – How to Apply Topic 755
Employment Taxes for Household Employees Topic 756
Forms 941 and 944 – Deposit Requirements Topic 757
Form 941 – Employer's Quarterly Federal Tax Return and Form 944 – Employer's Annual Federal Tax Return Topic 758
Form 940 – Employer's Annual Federal Unemployment (FUTA) Tax Return – Filing and Deposit Requirements Topic 759
Reporting and Deposit Requirements for Agricultural Employers Topic 760
Tips – Withholding and Reporting Topic 761
Independent Contractor vs. Employee Topic 762
The Affordable Care Act Topic 763
Electronic Media Filers – 1099 Series and Related Information Returns Topic 800
Who Must File Information Returns Electronically Topic 801
Applications, Forms, and Information Topic 802
Waivers and Extensions Topic 803
Test Files and Combined Federal and State Filing Topic 804
Electronic Filing of Information Returns Topic 805
Tax Information for Aliens and U.S. Citizens Living Abroad Topic 850
Resident and Nonresident Aliens Topic 851
Foreign Tax Credit Topic 856
Individual Taxpayer Identification Number (ITIN) – Form W-7 Topic 857
Alien Tax Clearance Topic 858
Tax Information for Residents of Puerto Rico Topic 900
Is a Person With Income from Puerto Rican Sources Required to File a U.S. Federal Income Tax Return? Topic 901
Credits and Deductions for Taxpayers With Puerto Rican Source Income That is Exempt From U.S. Tax Topic 902
Federal Employment Tax in Puerto Rico Topic 903
Tax Assistance for Residents of Puerto Rico Topic 904

Page Last Reviewed or Updated: March 20, 2014

The 2012 Tax Filing For Free

2012 tax filing for free 5. 2012 tax filing for free   Salarios, Sueldos y Otros Ingresos Table of Contents Recordatorio Introduction Useful Items - You may want to see: Remuneración del EmpleadoNiñeras. 2012 tax filing for free Otras Clases de Remuneración Beneficios Marginales Aportaciones a un Plan de Jubilación Opciones de Compra de Acciones Bienes Restringidos Reglas Especiales para Algunos EmpleadosClero Miembros de Órdenes Religiosas Empleador Extranjero Fuerzas Armadas Voluntarios Beneficios por Enfermedad y LesionesPensiones por Incapacidad Contratos de Seguro de Cuidados a Largo Plazo Compensación del Seguro Obrero Otros Beneficios por Enfermedad y Lesiones Recordatorio Ingresos de fuentes en el extranjero. 2012 tax filing for free   Si usted es ciudadano de los Estados Unidos o residente extranjero, tiene que declarar en la declaración de impuestos todo ingreso proveniente de fuentes fuera de los Estados Unidos (ingresos del extranjero) a menos que esté exento conforme a las leyes de los Estados Unidos. 2012 tax filing for free Esto corresponde independientemente de si reside dentro o fuera de los Estados Unidos y si ha recibido o no el Formulario W-2, Wage and Tax Statement (Comprobante de salarios e impuestos), en inglés, o el Formulario 1099, también en inglés, de un pagador extranjero. 2012 tax filing for free Esto corresponde tanto a ingresos derivados del trabajo (como salarios y propinas) como a ingresos no derivados del trabajo (como intereses, dividendos, ganancias de capital, pensiones, alquileres y regalías). 2012 tax filing for free Si reside fuera de los Estados Unidos, es posible que pueda excluir la totalidad o parte de sus ingresos del trabajo provenientes de fuentes extranjeras. 2012 tax filing for free Para más información, vea la Publicación 54, Tax Guide for U. 2012 tax filing for free S. 2012 tax filing for free Citizens and Resident Aliens Abroad (Guía tributaria para ciudadanos y extranjeros residentes de los Estados Unidos que viven en el extranjero), en inglés. 2012 tax filing for free Introduction Este capítulo abarca la compensación recibida por servicios prestados como empleado, tales como sueldos, salarios y beneficios marginales. 2012 tax filing for free Se incluyen los siguientes temas: Bonificaciones y premios. 2012 tax filing for free Reglas especiales para ciertos empleados. 2012 tax filing for free Beneficios por enfermedad y lesiones. 2012 tax filing for free Este capítulo explica cuáles son los ingresos que se incluyen en los ingresos brutos del empleado y cuáles no se incluyen. 2012 tax filing for free Useful Items - You may want to see: Publicación 463 Travel, Entertainment, Gift, and Car Expenses (Gastos de viaje, entretenimiento, obsequios y automóvil), en inglés 525 Taxable and Nontaxable Income (Ingresos tributables y no tributables), en inglés Remuneración del Empleado Esta sección abarca varios tipos de remuneración del empleado incluyendo beneficios marginales, aportaciones a planes de jubilación, opciones para la compra de acciones y propiedad restringida. 2012 tax filing for free Formulario W-2. 2012 tax filing for free    Si es empleado, debe recibir un Formulario W-2 de su empleador que muestre la remuneración que recibió por sus servicios. 2012 tax filing for free Incluya la cantidad de la remuneración en la línea 7 del Formulario 1040 o del Formulario 1040A o en la línea 1 del Formulario 1040EZ, aún si no recibe un Formulario W-2. 2012 tax filing for free   Si prestó servicios, en otra calidad que no sea la de contratista independiente, y su empleador no le retuvo del sueldo impuestos del Seguro Social y Medicare, tiene que presentar el Formulario 8919, Uncollected Social Security and Medicare Tax on Wages (Impuestos del Seguro Social y Medicare sobre el salario no retenidos), en inglés, junto con el Formulario 1040. 2012 tax filing for free Dicha parte del salario tiene que anotarse en la línea 7 del Formulario 1040. 2012 tax filing for free Vea el Formulario 8919 para más información. 2012 tax filing for free Proveedores de cuidado de menores. 2012 tax filing for free    Si provee cuidado de menores, ya sea en el hogar del menor, en el hogar de usted o en algún otro sitio comercial, la remuneración que usted reciba tiene que ser incluida en sus ingresos. 2012 tax filing for free Si no es un empleado, usted probablemente trabaje por cuenta propia y tiene que incluir los pagos por los servicios en el Anexo C (Formulario 1040), Profit or Loss From Business (Ganancias o pérdidas de un negocio), o en el Anexo C-EZ (Formulario 1040), Net Profit From Business (Utilidad neta de un negocio), ambos en inglés. 2012 tax filing for free Generalmente, no es empleado a menos que esté sujeto a la voluntad y control de la persona que lo emplea en cuanto a lo que tiene que hacer y cómo lo tiene que hacer. 2012 tax filing for free Niñeras. 2012 tax filing for free   Si cuida a niños de parientes o vecinos, ya sea con regularidad o sólo ocasionalmente, las reglas para los proveedores del cuidado de menores le corresponden a usted. 2012 tax filing for free Otras Clases de Remuneración Esta sección trata de diferentes clases de remuneración del empleado. 2012 tax filing for free Comisiones pagadas por adelantado y otros ingresos. 2012 tax filing for free   Si recibe comisiones pagadas por adelantado u otras cantidades por servicios que prestará en el futuro y usted es contribuyente que usa el método contable a base de efectivo, tendrá que incluir estas cantidades en el ingreso del año en que las reciba. 2012 tax filing for free    Si reintegra comisiones no devengadas u otras cantidades en el mismo año en que las recibe, reste el reintegro de sus ingresos. 2012 tax filing for free Si las reintegra en un año tributario posterior, puede deducir el reintegro como una deducción detallada en el Anexo A (Formulario 1040) o quizás pueda reclamar un crédito para ese año. 2012 tax filing for free Vea Reintegros en el capítulo 12. 2012 tax filing for free Asignaciones y reembolsos. 2012 tax filing for free    Si recibe asignaciones o reembolsos de su empleador para cubrir gastos de viaje, transporte u otros gastos relacionados con un negocio, vea la Publicación 463, en inglés. 2012 tax filing for free Si se le reembolsan gastos de mudanza, vea la Publicación 521, Moving Expenses (Gastos de mudanza), en inglés. 2012 tax filing for free Pago de sueldo atrasado como indemnización. 2012 tax filing for free    Incluya en sus ingresos las cantidades que se le otorguen en un convenio o sentencia para pagar sueldos atrasados. 2012 tax filing for free Estas cantidades incluyen pagos hechos a usted por daños, primas de seguro de vida no pagadas y primas de seguro de salud no pagadas. 2012 tax filing for free Su empleador debe informarle de las mismas en el Formulario W-2. 2012 tax filing for free Bonificaciones y premios. 2012 tax filing for free   Las bonificaciones o premios que usted reciba por trabajo sobresaliente se incluyen en los ingresos y deben aparecer en su Formulario W-2. 2012 tax filing for free Éstos incluyen premios como viajes de vacaciones por alcanzar objetivos de ventas. 2012 tax filing for free Si el premio o recompensa que recibe es en mercancía o servicios, tiene que incluir en sus ingresos el valor justo de mercado de los mismos. 2012 tax filing for free Sin embargo, si su empleador solamente promete pagarle una bonificación o premio en el futuro, no es tributable hasta que usted lo reciba o esté a su disposición. 2012 tax filing for free Premio por logros del empleado. 2012 tax filing for free   Si recibe bienes muebles tangibles (que no sean efectivo, un certificado de regalo u otro artículo similar) como premio por años de servicio o por prácticas óptimas de seguridad, por lo general podrá excluir el valor de sus ingresos. 2012 tax filing for free Sin embargo, la cantidad que puede excluir se limita a la cantidad del costo para su empleador y no puede ser más de $1,600 ($400 por premios que no sean premios de planes calificados) por todos los premios de esa índole que reciba durante el año. 2012 tax filing for free Su empleador le puede decir si su premio pertenece a un plan calificado. 2012 tax filing for free Su empleador tiene que entregarle el premio como parte de una ceremonia o presentación notable, bajo condiciones y circunstancias en las cuales no hay una probabilidad considerable de que el mismo sea una remuneración disimulada. 2012 tax filing for free   No obstante, la exclusión no corresponde a los siguientes premios: Un premio por años de servicio si usted lo recibió por menos de cinco años de servicio o si recibió otro premio por años de servicio durante el año o durante los cuatro años anteriores. 2012 tax filing for free Un premio por prácticas óptimas de seguridad si es gerente, administrador, empleado oficinista u otro empleado profesional, o si más del 10% de los empleados que reúnen los requisitos recibieron premios anteriormente por prácticas óptimas de seguridad durante el año. 2012 tax filing for free Ejemplo. 2012 tax filing for free Benito Valverde recibió tres premios por logros como empleado durante el año: un premio de un plan no calificado que fue un reloj con un valor de $250 y dos premios de un plan calificado que constan de un aparato estereofónico con un valor de $1,000 y un juego de palos de golf con un valor de $500. 2012 tax filing for free Suponiendo que, por lo demás, los requisitos para los premios de planes calificados se han cumplido, cada premio por sí solo estaría excluido de los ingresos. 2012 tax filing for free Sin embargo, ya que el valor total de todos los premios es $1,750 y excede de $1,600, Benito tiene que incluir $150 ($1,750 – $1,600) en los ingresos. 2012 tax filing for free Pagos de salarios diferenciales. 2012 tax filing for free   Los pagos de salarios diferenciales se definen como cualquier pago que le haya hecho un empleador y que corresponda a cualquier período de más de 30 días durante el cual preste servicio activo como miembro de los servicios uniformados. 2012 tax filing for free Dichos pagos representan la totalidad, o una parte de, los salarios que hubiera recibido del empleador durante ese período. 2012 tax filing for free Se considera que estos pagos son sueldos y están sujetos a la retención del ingreso federal sobre los ingresos. 2012 tax filing for free Sin embargo, no están sujetos a los impuestos de la Ley de Contribución al Seguro Social (FICA, por sus siglas en inglés) ni a los impuestos de la Ley Federal de Contribución para el Desempleo (FUTA, por sus siglas en inglés). 2012 tax filing for free Los pagos de salarios diferenciales se declaran como salarios en el Formulario W-2. 2012 tax filing for free Asignaciones del gobierno por costo de vida. 2012 tax filing for free   La mayoría de los pagos que los empleados civiles del gobierno de los Estados Unidos reciben por trabajo en el extranjero es tributable. 2012 tax filing for free Sin embargo, ciertas asignaciones por costo de vida son libres de impuestos. 2012 tax filing for free La Publicación 516, U. 2012 tax filing for free S. 2012 tax filing for free Government Civilian Employees Stationed Abroad (Empleados civiles del gobierno de los Estados Unidos con puesto en el extranjero), en inglés, provee una explicación sobre el trato tributario de dichas asignaciones, pagos diferenciales y otra paga especial que usted recibe por trabajar en el extranjero. 2012 tax filing for free Planes de compensación diferida no calificados. 2012 tax filing for free   Su empleador le informará del total de cantidades diferidas para el año conforme a un plan de compensación diferida no calificado. 2012 tax filing for free Esta cantidad aparece en el recuadro 12 del Formulario W-2, con el código Y. 2012 tax filing for free Esta cantidad no se incluye en los ingresos. 2012 tax filing for free   Sin embargo, si en algún momento del año tributario, el plan no cumple ciertos requisitos, o no se opera conforme a dichos requisitos, todas las cantidades diferidas conforme al plan para ese año tributario y todos los años tributarios anteriores se incluyen en los ingresos del año en curso. 2012 tax filing for free Esta cantidad se incluye en el salario, el cual aparece en el recuadro 1 del Formulario W-2. 2012 tax filing for free Dicha cantidad se anota también en el recuadro 12 del Formulario W-2, con el código Z. 2012 tax filing for free Pagaré recibido por servicios. 2012 tax filing for free    Si su empleador le da un pagaré garantizado como pago por sus servicios, tendrá que incluir el valor justo de mercado (usualmente el valor de descuento) del pagaré en los ingresos del año en que lo recibió. 2012 tax filing for free Luego, cuando reciba pagos sobre el pagaré, una proporción de cada pago es la recuperación del valor justo de mercado que usted previamente había incluido en los ingresos. 2012 tax filing for free No vuelva a incluir esa parte en los ingresos. 2012 tax filing for free Incluya el resto del pago en los ingresos del año en que recibió el pago. 2012 tax filing for free   Si su empleador le da un pagaré no garantizado y no negociable como pago por sus servicios, los pagos sobre el pagaré que se aplican al capital del mismo se consideran ingresos de remuneración cuando usted los recibe. 2012 tax filing for free Indemnización por despido. 2012 tax filing for free   Los pagos recibidos por concepto de indemnización por despido y cancelación de contrato laboral tienen que ser incluidos en los ingresos. 2012 tax filing for free Pago por vacaciones acumuladas. 2012 tax filing for free    Si es empleado federal y recibe un pago global en concepto de vacaciones acumuladas al jubilarse o renunciar, esta cantidad se incluye como salario en el Formulario W-2. 2012 tax filing for free   Si renuncia de una agencia federal y es empleado por otra, podría tener que devolver a la segunda agencia parte del pago global por vacaciones anuales acumuladas. 2012 tax filing for free Puede reducir el salario bruto restando la cantidad que devolvió en el mismo año tributario en que la recibió. 2012 tax filing for free Adjunte a la declaración de impuestos una copia del recibo o estado de cuentas que le dio la agencia a la cual le devolvió dicho pago para explicar la diferencia entre el salario en la declaración y el salario en los Formularios W-2. 2012 tax filing for free Servicios de ayuda para obtener otro trabajo. 2012 tax filing for free   Si elige aceptar una cantidad reducida en concepto de indemnización por despido para recibir servicios de ayuda para encontrar otro trabajo (como capacitación para escribir su hoja de vida y hacer entrevistas), tendrá que incluir la cantidad no reducida de la indemnización en los ingresos. 2012 tax filing for free    No obstante, puede deducir el valor de estos servicios de ayuda para encontrar otro trabajo (hasta la diferencia entre la indemnización por despido incluida en los ingresos y la cantidad que en verdad recibió) como una deducción miscelánea (sujeta al límite del 2% del ingreso bruto ajustado o AGI, por sus siglas en inglés) en el Anexo A (Formulario 1040). 2012 tax filing for free Pagos por enfermedad. 2012 tax filing for free   Los pagos que reciba de su empleador mientras esté enfermo o lesionado son parte del sueldo o salario. 2012 tax filing for free Además, tiene que incluir en los ingresos los beneficios por enfermedad que reciba de cualquiera de los siguientes pagadores: Un fondo de bienestar social. 2012 tax filing for free Un fondo estatal para enfermedad o incapacidad. 2012 tax filing for free Una asociación de empleadores o empleados. 2012 tax filing for free Una compañía de seguros, si su empleador pagó el plan. 2012 tax filing for free No obstante, si pagó las primas de una póliza de accidente o de seguro de salud, las prestaciones que reciba conforme a la póliza no están sujetas a impuestos. 2012 tax filing for free Para más información, vea la Publicación 525, en inglés. 2012 tax filing for free Impuestos del Seguro Social y Medicare pagados por el empleador. 2012 tax filing for free   Si usted y su empleador tienen un acuerdo conforme al cual su empleador paga su impuesto del Seguro Social y Medicare sin deducirlos de su salario bruto, tendrá que declarar la cantidad de impuestos que se pagó por usted como salario sujeto a impuestos en la declaración. 2012 tax filing for free El pago también se considera salario para calcular los impuestos y beneficios del Seguro Social y Medicare. 2012 tax filing for free No obstante, estos pagos no se consideran salario del Seguro Social y Medicare si usted es trabajador doméstico o trabajador agrícola. 2012 tax filing for free Derechos de revalorización de acciones. 2012 tax filing for free   No incluya un derecho de revalorización de acciones que le haya provisto su empleador en los ingresos hasta que ejerza (haga uso de) ese derecho. 2012 tax filing for free Cuando ejerza ese derecho, tiene derecho a un pago en efectivo equivalente al valor justo de mercado de las acciones de la sociedad anónima en la fecha en que ejerció su derecho menos el valor justo de mercado de las acciones en la fecha en que se le otorgó el derecho. 2012 tax filing for free Incluya el pago en efectivo en los ingresos del año en que ejerza su derecho. 2012 tax filing for free Beneficios Marginales Los beneficios marginales que reciba relacionados con el desempeño de sus servicios se incluyen en los ingresos como remuneración a menos que pague su valor justo de mercado o estén específicamente excluidos por ley. 2012 tax filing for free Abstenerse de prestar servicios (por ejemplo, conforme a un convenio de no competencia) se considera desempeño de sus servicios para los propósitos de estas reglas. 2012 tax filing for free Período contable. 2012 tax filing for free   Tiene que usar el mismo período contable que su empleador para declarar los beneficios marginales sujetos a impuestos que no sean en efectivo. 2012 tax filing for free Su empleador tiene la opción de declarar los beneficios marginales sujetos a impuestos que no sean en efectivo usando cualquiera de las dos reglas siguientes: Regla general: los beneficios se declaran para un año natural (1 de enero – 31 de diciembre). 2012 tax filing for free Regla especial del período contable: los beneficios provistos durante los 2 últimos meses del año natural (o de cualquier período más corto) son tratados como si hubiesen sido pagados durante el siguiente año natural. 2012 tax filing for free Por ejemplo, cada año su empleador declara el valor de los beneficios provistos durante los últimos 2 meses del año anterior y los primeros 10 meses del año en curso. 2012 tax filing for free  Su empleador no tiene que usar el mismo período contable para cada beneficio marginal, pero tiene que usar el mismo período para todos los empleados que reciban un beneficio particular. 2012 tax filing for free   Si desea declarar una deducción por gastos de negocio como empleado (en el caso del uso de un auto, por ejemplo), tiene que usar el mismo período contable que use para declarar el beneficio. 2012 tax filing for free Formulario W-2. 2012 tax filing for free   Su empleador tiene que incluir todos los beneficios marginales en la casilla 1 del Formulario W-2 como salarios, propinas y otra remuneración; y si corresponde, en las casillas 3 y 5 como salarios sujetos a los impuestos al Seguro Social y al Medicare. 2012 tax filing for free Aunque no se requiere, su empleador podría incluir el valor total de los beneficios marginales en la casilla 14 (o en un estado por separado). 2012 tax filing for free Sin embargo, si su empleador le proveyó a usted un vehículo e incluyó el 100% de su valor de alquiler anual en los ingresos de usted, dicho empleador tiene que declararle este valor a usted por separado en la casilla 14 (o en un estado por separado). 2012 tax filing for free Plan de Accidente o de Salud Generalmente, el valor de la cobertura de un seguro de accidente o de salud provisto por su empleador no se incluye en los ingresos. 2012 tax filing for free Los beneficios que reciba del plan pueden estar sujetos a impuestos, como se explica más adelante en la sección titulada Beneficios por Enfermedad y Lesiones . 2012 tax filing for free Para más información sobre los asuntos tratados en esta sección, salvo la cobertura para cuidados a largo plazo, vea la Publicación 969, Health Savings Accounts and Other Tax-Favored Health Plans (Cuentas de ahorros para gastos médicos y otros planes para gastos médicos con beneficios tributarios), en inglés. 2012 tax filing for free Cobertura para cuidados a largo plazo. 2012 tax filing for free    Las aportaciones de su empleador para cubrir servicios de cuidados a largo plazo generalmente no se incluyen en los ingresos. 2012 tax filing for free Sin embargo, las aportaciones hechas a una cuenta flexible de gastos médicos u otro plan similar (como un cafeteria plan (plan flexible de beneficios)) tienen que incluirse en los ingresos. 2012 tax filing for free Esta cantidad se informa como salario en el recuadro 1 del Formulario W-2. 2012 tax filing for free   Las aportaciones a este tipo de plan se explican en la Publicación 502, Medical and Dental Expenses (Gastos médicos y dentales), en inglés. 2012 tax filing for free Aportaciones a una cuenta de ahorros médicos Archer (conocida como Archer MSA, en inglés). 2012 tax filing for free    Las aportaciones hechas por su empleador a una cuenta de ahorros médicos Archer por lo general no se incluyen en los ingresos. 2012 tax filing for free El total se declara en el recuadro 12 del Formulario W-2 con el código R. 2012 tax filing for free Tiene que declarar esta cantidad en el Formulario 8853, Archer MSAs and Long-Term Care Insurance Contracts (Cuentas Archer MSA de ahorros médicos y contratos de seguros de cuidado a largo plazo), en inglés. 2012 tax filing for free Adjunte el formulario a la declaración de impuestos. 2012 tax filing for free Cuenta flexible de ahorros para gastos médicos (conocida como Health FSA, en inglés). 2012 tax filing for free   Si su empleador provee una cuenta flexible de ahorros para gastos médicos que reúna los requisitos como seguro de accidente o de salud, la cantidad de la reducción de su salario y los reembolsos de sus gastos por cuidados médicos generalmente no se incluyen en los ingresos. 2012 tax filing for free Nota: Para los años de planes que comienzan después de 2012, las cuentas flexibles de ahorros están sujetas a un límite de $2,500 de aportaciones realizadas por medio de reducción en su salario. 2012 tax filing for free Este límite de $2,500 está sujeto a ajuste por inflación para los años de planes que comienzan después de 2013. 2012 tax filing for free Si desea más información, vea el Notice 2012-40 (Aviso 2012-40), que se encuentra en la página 1046 del Internal Revenue Bulletin 2012-26 (Boletín de Impuestos Internos 2012-26), disponible en inglés, en www. 2012 tax filing for free irs. 2012 tax filing for free gov/irb/2012-26_IRB/ar09. 2012 tax filing for free html. 2012 tax filing for free Cuenta de reembolso de gastos médicos (HRA, por sus siglas en inglés). 2012 tax filing for free   Si su empleador provee una cuenta de reembolso de gastos médicos (HRA) que reúna los requisitos como un seguro de accidente o de salud, la cobertura y reembolsos de sus gastos por cuidados médicos por lo general no se incluyen en los ingresos. 2012 tax filing for free Cuenta de ahorros para gastos médicos (HSA, por sus siglas en inglés). 2012 tax filing for free   Si reúne los requisitos, usted y cualquier otra persona, incluyendo su empleador o un miembro de su familia, pueden hacer aportaciones a la cuenta HSA (de usted). 2012 tax filing for free Las aportaciones, excepto las del empleador, se pueden deducir en la declaración independientemente de si detalla o no las deducciones. 2012 tax filing for free Las aportaciones hechas por su empleador no se incluyen en los ingresos. 2012 tax filing for free El dinero retirado de la cuenta HSA que se utilice para pagar gastos médicos calificados no se incluye en los ingresos. 2012 tax filing for free Las distribuciones de la cuenta que no se utilicen para gastos médicos se incluyen en los ingresos. 2012 tax filing for free Vea la Publicación 969, en inglés, para los requisitos correspondientes a una cuenta HSA. 2012 tax filing for free   Las aportaciones hechas por una sociedad colectiva a la cuenta HSA de un socio bona fide no corresponden a aportaciones hechas por un empleador. 2012 tax filing for free Estas aportaciones se consideran distribuciones de dinero de la cuenta y no se incluyen en el ingreso bruto de dicho socio. 2012 tax filing for free Las aportaciones hechas por una sociedad colectiva a la cuenta HSA de un socio por servicios prestados se tratan como pagos garantizados que se pueden incluir en el ingreso bruto del socio. 2012 tax filing for free En ambos casos, el socio puede deducir las aportaciones hechas a su cuenta HSA. 2012 tax filing for free   Las aportaciones hechas por una sociedad anónima de tipo S a la cuenta HSA de un empleado-accionista del 2% por servicios prestados se tratan como pagos garantizados y se incluyen en el ingreso bruto del empleado-accionista. 2012 tax filing for free El empleado-accionista puede deducir la aportación hecha a su cuenta HSA. 2012 tax filing for free Distribución de fondos calificada a una cuenta de ahorros para gastos médicos (HSA). 2012 tax filing for free   Se puede realizar una sola distribución de un arreglo de ahorros para la jubilación (IRA) a una cuenta HSA y normalmente no se incluye ninguna parte de dicha distribución en los ingresos. 2012 tax filing for free Consulte la Publicación 590 para ver los requisitos correspondientes a estas distribuciones de fondos calificadas a una cuenta HSA. 2012 tax filing for free Falta de cumplimiento con los requisitos. 2012 tax filing for free   Si su cuenta de ahorros para gastos médicos (HSA) recibió distribuciones calificadas (para cuentas HSA) de una cuenta flexible para gastos médicos (Health FSA) o de un plan de reembolso de gastos médicos (HRA) (temas tratados anteriormente) o de una distribución de fondos calificada para una cuenta HSA, usted tiene que reunir los requisitos para fines de una cuenta HSA en el período desde el mes en el que se haya realizado la distribución calificada hasta el último día del duodécimo mes siguiente a dicho mes. 2012 tax filing for free Si no reúne los requisitos durante este período y esto no se debe a fallecimiento o incapacidad, tiene que incluir la distribución en los ingresos del año tributario en el que deje de reunir los requisitos. 2012 tax filing for free Dichos ingresos están sujetos a un impuesto adicional del 10%. 2012 tax filing for free Ayuda para Adopción Es posible que pueda excluir de los ingresos cantidades pagadas o gastos incurridos por su empleador por gastos calificados de adopción relacionados con la adopción de un hijo que reúna los requisitos. 2012 tax filing for free Vea las instrucciones para el Formulario 8839, Qualified Adoption Expenses (Gastos de adopción calificados), en inglés, para más información. 2012 tax filing for free Los beneficios por adopción los declara el empleador en el recuadro 12 del Formulario W-2 con el código T. 2012 tax filing for free También se incluyen como remuneración del Seguro Social y Medicare en los recuadros 3 y 5. 2012 tax filing for free Sin embargo, no se incluyen como salario en el recuadro 1. 2012 tax filing for free Para determinar las cantidades sujetas a impuestos y las que no lo están, tiene que llenar la Parte III del Formulario 8839, en inglés. 2012 tax filing for free Adjunte el formulario a su declaración de impuestos. 2012 tax filing for free Beneficios De Minimis (Mínimos) Si su empleador le provee un producto o servicio y el costo del mismo es tan pequeño que no sería razonable para el empleador declararlo, el valor no se incluye en los ingresos. 2012 tax filing for free Generalmente, el valor de los beneficios como descuentos en las cafeterías de la compañía, el costo de transporte por taxi para regresar a su casa cuando trabaje horas extra y comidas patrocinadas por la compañía no se incluyen en los ingresos. 2012 tax filing for free Obsequios por fiestas. 2012 tax filing for free   Si su empleador le obsequia un pavo, jamón u otro artículo de valor nominal por Navidad u otras fiestas, no incluya el valor del obsequio en los ingresos. 2012 tax filing for free Sin embargo, si su empleador le obsequia dinero en efectivo, un certificado de regalo o un artículo similar que usted fácilmente puede canjear por efectivo, incluya el valor de ese obsequio como salario o sueldo adicional sea cual sea la cantidad en cuestión. 2012 tax filing for free Ayuda para Educación Puede excluir de sus ingresos hasta $5,250 en concepto de ayuda calificada para educación provista por el empleador. 2012 tax filing for free Para más información, vea la Publicación 970, Tax Benefits for Education (Beneficios tributarios para estudios), en inglés. 2012 tax filing for free Seguro de Vida Colectivo a Término Fijo Por lo general, el costo de hasta $50,000 de la cobertura de un seguro de vida colectivo a término fijo provisto por su empleador (o un empleador anterior) no se incluye en los ingresos. 2012 tax filing for free Sin embargo, tiene que incluir en los ingresos el costo del seguro provisto por su empleador si es superior a $50,000 de cobertura menos toda cantidad que pague por la compra del seguro. 2012 tax filing for free Para las excepciones, vea Costo exento de impuestos en su totalidad , y Costo sujeto a impuestos en su totalidad , más adelante. 2012 tax filing for free Si su empleador provee más de $50,000 en cobertura, la cantidad incluida en los ingresos se declara como parte de su salario en el recuadro 1 del Formulario W-2. 2012 tax filing for free También aparece por separado en el recuadro 12 con el código C. 2012 tax filing for free Seguro de vida colectivo a término a fijo. 2012 tax filing for free   Este tipo de seguro proporciona protección mediante un seguro de vida a término fijo (un seguro que tiene vigencia por un período de tiempo fijo) que: Provee una indemnización general por fallecimiento del asegurado, Se ofrece a un grupo de empleados, Se ofrece conforme a una póliza a nombre del empleador, y Provee una cantidad de seguro para cada empleado basada en una fórmula que impide una selección individual. 2012 tax filing for free Beneficios permanentes. 2012 tax filing for free   Si su póliza de seguro de vida colectivo a término fijo incluye beneficios permanentes, como el valor de su pago completo o el valor en efectivo de recuperación de la póliza, tiene que incluir en los ingresos, como salario, el costo de los beneficios permanentes menos la cantidad que pague por ellos. 2012 tax filing for free Su empleador debe poder decirle la cantidad que tiene que incluir en los ingresos. 2012 tax filing for free Beneficios por fallecimiento accidental. 2012 tax filing for free   El seguro que provee beneficios por fallecimiento accidental u otro tipo de beneficios por fallecimiento pero no provee beneficios por fallecimiento en general (seguro de viajes, por ejemplo) no es seguro de vida colectivo a término fijo. 2012 tax filing for free Empleador anterior. 2012 tax filing for free   Si un empleador anterior proveyó más de $50,000 en cobertura de seguro de vida colectivo a término fijo durante el año, la cantidad incluida en sus ingresos se declara como salario en el recuadro 1 del Formulario W-2. 2012 tax filing for free También aparece por separado en el recuadro 12 con el código C. 2012 tax filing for free El recuadro 12 también muestra, con los códigos M y N, la cantidad de impuestos sin cobrar del Seguro Social y Medicare sobre la cobertura en exceso. 2012 tax filing for free Tiene que pagar estos impuestos con su declaración de impuestos. 2012 tax filing for free Inclúyalos en el impuesto total en la línea 60 del Formulario 1040 y siga las instrucciones para la línea 60. 2012 tax filing for free Para más información, vea las Instrucciones del Formulario 1040, en inglés. 2012 tax filing for free Dos o más empleadores. 2012 tax filing for free   Su exclusión para la cobertura del seguro de vida colectivo a término fijo no puede sobrepasar el costo de $50,000 de cobertura provista por su empleador, independientemente de si el seguro es provisto por un solo empleador o por varios empleadores. 2012 tax filing for free Si dos o más empleadores proveen cobertura de seguro que sume más de $50,000, las cantidades declaradas como salarios en los Formularios W-2 no serán correctas. 2012 tax filing for free Tiene que calcular cuánto tiene que incluir en los ingresos. 2012 tax filing for free A la cantidad que calcule, réstele la cantidad declarada con el código C en el recuadro 12 de los Formularios W-2, sume el resultado al salario declarado en el recuadro 1 y declare el total en su declaración de impuestos. 2012 tax filing for free Cómo calcular el costo tributable. 2012 tax filing for free   Utilice la hoja de trabajo siguiente para calcular la cantidad a incluir en los ingresos. 2012 tax filing for free     Hoja de Trabajo 5-1. 2012 tax filing for free Cómo Calcular el Costo del Seguro de Vida Colectivo a Término Fijo a Incluir en los Ingresos 1. 2012 tax filing for free Anote la cantidad total de su cobertura de seguro provista por su(s) empleador(es). 2012 tax filing for free 1. 2012 tax filing for free   2. 2012 tax filing for free Límite sobre la exclusión para la cobertura del seguro de vida colectivo a término fijo provista por su empleador. 2012 tax filing for free 2. 2012 tax filing for free 50,000 3. 2012 tax filing for free Reste la línea 2 de la línea 1. 2012 tax filing for free 3. 2012 tax filing for free   4. 2012 tax filing for free Divida la línea 3 entre $1,000. 2012 tax filing for free Incluya sólo un decimal. 2012 tax filing for free 4. 2012 tax filing for free   5. 2012 tax filing for free Vaya a la Tabla 5-1. 2012 tax filing for free Según la edad que tenga el último día del año tributario, busque el grupo correspondiente a su edad en la columna izquierda y anote el costo correspondiente indicado en la columna derecha. 2012 tax filing for free 5. 2012 tax filing for free   6. 2012 tax filing for free Multiplique la línea 4 por la línea 5. 2012 tax filing for free 6. 2012 tax filing for free   7. 2012 tax filing for free Anote el número de meses completos de cobertura a este costo. 2012 tax filing for free 7. 2012 tax filing for free   8. 2012 tax filing for free Multiplique la línea 6 por la línea 7. 2012 tax filing for free 8. 2012 tax filing for free   9. 2012 tax filing for free Anote las primas que pagó al mes. 2012 tax filing for free 9. 2012 tax filing for free       10. 2012 tax filing for free Anote el número de meses que pagó las primas. 2012 tax filing for free 10. 2012 tax filing for free       11. 2012 tax filing for free Multiplique la línea 9 por la línea 10. 2012 tax filing for free 11. 2012 tax filing for free   12. 2012 tax filing for free Reste la línea 11 de la línea 8. 2012 tax filing for free Incluya esta cantidad en sus ingresos como salario 12. 2012 tax filing for free   Tabla 5-1. 2012 tax filing for free Costo de Cada $1,000 de Seguro de Vida Colectivo a Término Fijo por un Mes Edad Costo Menor de 25 años $ 0. 2012 tax filing for free 05 De 25 a 29 años 0. 2012 tax filing for free 06 De 30 a 34 años 0. 2012 tax filing for free 08 De 35 a 39 años 0. 2012 tax filing for free 09 De 40 a 44 años 0. 2012 tax filing for free 10 De 45 a 49 años 0. 2012 tax filing for free 15 De 50 a 54 años 0. 2012 tax filing for free 23 De 55 a 59 años 0. 2012 tax filing for free 43 De 60 a 64 años 0. 2012 tax filing for free 66 De 65 a 69 años 1. 2012 tax filing for free 27 De 70 años en adelante 2. 2012 tax filing for free 06 Ejemplo. 2012 tax filing for free Usted tiene 51 años de edad y trabaja para los empleadores A y B. 2012 tax filing for free Ambos empleadores le proveen cobertura de seguro de vida colectivo a término fijo para el año entero. 2012 tax filing for free Su cobertura es $35,000 con el empleador A y $45,000 con el empleador B. 2012 tax filing for free Usted paga las primas mensuales de $4. 2012 tax filing for free 15 conforme al plan colectivo del empleador B. 2012 tax filing for free La cantidad a ser incluida en los ingresos se calcula según lo indicado en la Hoja de Trabajo 5-1. 2012 tax filing for free Cómo Calcular el Costo del Seguro de Vida Colectivo a Término Fijo a Incluir en los Ingresos – Ejemplo, a continuación. 2012 tax filing for free    Hoja de Trabajo 5-1. 2012 tax filing for free Cómo Calcular el Costo del Seguro de Vida Colectivo a Término Fijo a Incluir en los Ingresos – Ejemplo 1. 2012 tax filing for free Anote la cantidad total de su cobertura de seguro provista por su(s) empleador(es). 2012 tax filing for free 1. 2012 tax filing for free 80,000 2. 2012 tax filing for free Límite sobre la exclusión para la cobertura del seguro de vida colectivo a término fijo provista por su empleador. 2012 tax filing for free 2. 2012 tax filing for free 50,000 3. 2012 tax filing for free Reste la línea 2 de la línea 1. 2012 tax filing for free 3. 2012 tax filing for free 30,000 4. 2012 tax filing for free Divida la línea 3 entre $1,000. 2012 tax filing for free Incluya sólo un decimal. 2012 tax filing for free 4. 2012 tax filing for free 30. 2012 tax filing for free 0 5. 2012 tax filing for free Vaya a la Tabla 5-1. 2012 tax filing for free Según la edad que tenga el último día del año tributario, busque el grupo correspondiente a su edad en la columna izquierda y anote el costo correspondiente indicado en la columna derecha. 2012 tax filing for free 5. 2012 tax filing for free . 2012 tax filing for free 23 6. 2012 tax filing for free Multiplique la línea 4 por la línea 5. 2012 tax filing for free 6. 2012 tax filing for free 6. 2012 tax filing for free 90 7. 2012 tax filing for free Anote el número de meses completos de cobertura a este costo. 2012 tax filing for free 7. 2012 tax filing for free 12 8. 2012 tax filing for free Multiplique la línea 6 por la línea 7. 2012 tax filing for free 8. 2012 tax filing for free 82. 2012 tax filing for free 80 9. 2012 tax filing for free Anote las primas que pagó al mes. 2012 tax filing for free 9. 2012 tax filing for free 4. 2012 tax filing for free 15     10. 2012 tax filing for free Anote el número de meses que pagó las primas. 2012 tax filing for free 10. 2012 tax filing for free 12     11. 2012 tax filing for free Multiplique la línea 9 por la línea 10. 2012 tax filing for free 11. 2012 tax filing for free 49. 2012 tax filing for free 80 12. 2012 tax filing for free Reste la línea 11 de la línea 8. 2012 tax filing for free Incluya esta cantidad en sus ingresos como salario. 2012 tax filing for free 12. 2012 tax filing for free 33. 2012 tax filing for free 00 Costo exento de impuestos en su totalidad. 2012 tax filing for free   No se grava impuesto alguno sobre el costo del seguro de vida colectivo a término fijo si se da alguna de las siguientes circunstancias: Está permanente y totalmente incapacitado y ha cesado su trabajo. 2012 tax filing for free Su empleador es el beneficiario de la póliza por el período completo de vigencia del seguro durante el año tributario. 2012 tax filing for free Una organización benéfica (definida en el capítulo 24), para la cual las aportaciones son deducibles, es la única beneficiaria de la póliza por el período completo de vigencia del seguro durante el año tributario. 2012 tax filing for free (No tiene derecho a una deducción en concepto de donación caritativa por nombrar a una organización benéfica beneficiaria de su póliza). 2012 tax filing for free El plan existía el 1 de enero de 1984 y Se jubiló antes del 2 de enero de 1984 y estaba cubierto por el plan cuando se jubiló o Llegó a los 55 años de edad antes del 2 enero de 1984 y estaba empleado por el empleador o su predecesor en 1983. 2012 tax filing for free Costo sujeto a impuestos en su totalidad. 2012 tax filing for free   Se grava la totalidad del costo del seguro de vida colectivo a término fijo si se da alguna de las siguientes circunstancias: El empleador provee el seguro por medio de un fideicomiso para empleados calificado, como un fideicomiso de pensiones o un plan de anualidades calificado. 2012 tax filing for free Usted es un empleado clave y el plan de su empleador discrimina a favor de los empleados clave. 2012 tax filing for free Servicios de Planificación para la Jubilación Si su empleador tiene un plan calificado de jubilación, los servicios de planificación calificados para la jubilación provistos a usted (y a su cónyuge) por el empleador no se incluyen en los ingresos. 2012 tax filing for free Los servicios calificados incluyen asesoramiento sobre planificación para la jubilación, información sobre el plan de jubilación de su empleador e información sobre cómo podría encajar este plan dentro de su plan general individual de ingresos para la jubilación. 2012 tax filing for free No puede excluir el valor de ningún servicio de preparación de impuestos, contabilidad, ni servicios de un abogado o corredor de bolsa provistos por su empleador. 2012 tax filing for free Transporte Si su empleador le provee un beneficio marginal de transporte calificado, éste puede ser excluido de sus ingresos, hasta ciertos límites. 2012 tax filing for free Un beneficio marginal de transporte calificado es: Transporte en vehículos de desplazamiento en carretera (como furgonetas) entre su hogar y el lugar de trabajo, Una tarjeta abonada de transporte colectivo, Estacionamiento que reúna los requisitos. 2012 tax filing for free Desplazamiento calificado de ida y vuelta al trabajo en bicicleta. 2012 tax filing for free Los reembolsos en efectivo hechos por su empleador para dichos gastos conforme a un acuerdo bona fide para reembolsos también son excluibles. 2012 tax filing for free Sin embargo, el reembolso en efectivo de una tarjeta abonada de transporte colectivo es excluible sólo si no tiene a su disposición un recibo o artículo similar que pueda ser canjeado únicamente por una tarjeta abonada de transporte colectivo. 2012 tax filing for free Límite de exclusión. 2012 tax filing for free   La exclusión para el transporte al trabajo en vehículos de carretera y los beneficios marginales de tarjetas abonadas de transporte colectivo no puede ser mayor que $245 al mes. 2012 tax filing for free   La exclusión por el beneficio marginal de estacionamiento calificado no puede ser mayor de $245 al mes. 2012 tax filing for free   La exclusión para desplazarse en bicicleta hasta el lugar de trabajo y de vuelta a la casa, conforme a los requisitos y durante un año natural, se calcula multiplicando $20 por el número de meses, los cuales reúnen los requisitos, en los que dicho desplazamiento se haya realizado durante dicho año. 2012 tax filing for free   Si los beneficios tienen un valor superior a estos límites, la cantidad en exceso tiene que incluirse en los ingresos. 2012 tax filing for free Usted no tiene derecho a estas exclusiones si los reembolsos se efectúan conforme a un acuerdo de reducción de remuneración. 2012 tax filing for free Vehículo de transporte al trabajo en carretera. 2012 tax filing for free   Es un vehículo de uso en carretera con asientos para por lo menos seis adultos (sin incluir al chófer). 2012 tax filing for free Se espera que por lo menos el 80% del millaje del vehículo sea por: Transporte de empleados de su casa al trabajo y viceversa y Viajes durante los cuales los empleados ocupan por lo menos la mitad de los asientos para adultos del vehículo (sin incluir al chófer). 2012 tax filing for free Tarjeta abonada de transporte. 2012 tax filing for free   Es toda tarjeta, ficha, billete o vale que le dé a la persona el derecho de viajar en transporte colectivo (ya sea público o privado) gratis o con descuento o a viajar en un vehículo de transporte por carretera operado por una persona que se dedique al negocio de transportar personas a cambio de remuneración. 2012 tax filing for free Estacionamiento que reúne los requisitos. 2012 tax filing for free   Es un estacionamiento provisto a un empleado en el sitio del local comercial del empleador, o cerca del mismo. 2012 tax filing for free También incluye el estacionamiento en el lugar, o cerca del lugar, desde el cual el empleado viaja a su lugar de trabajo en transporte público, en un vehículo de transporte en carretera o en un vehículo sujeto a un convenio entre dueños de autos para turnarse en el transporte a sus lugares de trabajo. 2012 tax filing for free No incluye el estacionamiento en el hogar del empleado o cerca del mismo. 2012 tax filing for free Desplazamiento calificado de ida y vuelta al trabajo en bicicleta. 2012 tax filing for free   Éste es un reembolso basado en el número de meses calificados de desplazamiento de ida y vuelta al trabajo en bicicleta durante el año. 2012 tax filing for free Un mes calificado de desplazamiento de ida y vuelta al trabajo en bicicleta es cualquier mes en el que utilice la bicicleta de manera habitual para una parte sustancial del viaje de ida y vuelta al trabajo sin recibir los demás beneficios marginales de transporte calificados. 2012 tax filing for free Puede recibir el reembolso por gastos en los que incurrió durante el año al comprar una bicicleta y por mejoras, reparaciones y almacenaje relacionados con la bicicleta. 2012 tax filing for free Aportaciones a un Plan de Jubilación Las aportaciones hechas por su empleador a un plan calificado de jubilación para usted no se incluyen en los ingresos en el momento en que se hacen. 2012 tax filing for free Su empleador le puede decir si su plan de jubilación reúne los requisitos. 2012 tax filing for free Sin embargo, es posible que el costo de cobertura de un seguro de vida incluido en el plan tenga que incluirse. 2012 tax filing for free Vea el tema titulado Seguro de Vida Colectivo a Término Fijo , anteriormente, bajo Beneficios Marginales. 2012 tax filing for free Si su empleador hace pagos a un plan no calificado para usted, generalmente tiene que incluir las aportaciones en los ingresos como salario para el año tributario en que se hicieron las aportaciones. 2012 tax filing for free Sin embargo, si los intereses que recibe del plan no se pueden traspasar o están sujetos a un riesgo considerable de ser decomisados (o sea, usted tiene buena probabilidad de perderlos) en el momento de la aportación, no tiene que incluir el valor de los intereses en los ingresos hasta que sean transferibles, o no estén sujetos a dicho riesgo de ser decomisados. 2012 tax filing for free Para información sobre las distribuciones de planes de jubilación, vea la Publicación 575, Pension and Annuity Income (Ingresos de pensiones y anualidades), (o la Publicación 721, Tax Guide to U. 2012 tax filing for free S. 2012 tax filing for free Civil Service Retirement Benefits (Guía tributaria de beneficios de jubilación federales de los Estados Unidos)), ambas en inglés, si usted es empleado o jubilado federal. 2012 tax filing for free Aplazamientos electivos. 2012 tax filing for free   Si tiene derecho a ciertos tipos de planes de jubiliación, puede escoger apartar parte de su salario para que su empleador lo aporte a un fondo para la jubiliación, en vez de serle pagado a usted. 2012 tax filing for free La cantidad que aparte (denominada aplazamiento electivo) se considera aportación del empleador a un plan calificado. 2012 tax filing for free Un aplazamiento electivo, que no sea una aportación designada hecha a un arreglo Roth (tema que se aborda más adelante), no se incluye en el salario sujeto a impuestos sobre el ingreso en el momento en que se hace la aportación. 2012 tax filing for free Sin embargo, sí se incluye en el salario sujeto a impuestos del Seguro Social y Medicare. 2012 tax filing for free   Los aplazamientos electivos incluyen aportaciones electivas hechas a los siguientes planes de jubilación: Acuerdos de pago en efectivo o diferidos (planes conforme a la sección 401(k)). 2012 tax filing for free Thrift Savings Plan (Cuenta de ahorros para la jubilación) para empleados del gobierno federal. 2012 tax filing for free Planes de pensiones simplificadas para empleados mediante la reducción de salarios (conocidos en inglés como salary reduction simplified employee pension plans (SARSEP)). 2012 tax filing for free Planes de incentivos de ahorros para empleados en los que el empleador aporta cantidades iguales (conocidos en inglés como savings incentive match plans for employees (SIMPLE plans)). 2012 tax filing for free Planes de anualidades con protección tributaria (planes conforme a la sección 403(b)). 2012 tax filing for free Planes conforme a la sección 501(c)(18)(D). 2012 tax filing for free Planes conforme a la sección 457. 2012 tax filing for free Plan calificado de aportaciones automáticas. 2012 tax filing for free   A través de un plan calificado de aportaciones automáticas, su empleador puede considerar que usted ha optado por aportar parte de su salario a un plan conforme a la sección 401(k). 2012 tax filing for free A usted se le debe enviar una notificación por escrito de los derechos y deberes que le corresponden conforme al plan calificado de aportaciones automáticas. 2012 tax filing for free Dicha notificación tiene que explicar: Su derecho a optar por que no se efectúen aportaciones optativas o por que sí se efectúen, pero a un porcentaje distinto y Cómo se invertirán las aportaciones efectuadas si usted no toma una decisión en cuanto a la inversión de las mismas. 2012 tax filing for free   Después de recibir la notificación y antes de que se efectúe la primera aportación optativa, es obligatorio que tenga un período razonable para elegir una opción en cuanto a las aportaciones. 2012 tax filing for free Límite global sobre aplazamientos. 2012 tax filing for free   En el año 2013, por lo general, no debió haber diferido más de un total de $17,500 en aportaciones a los planes enumerados anteriormente en los apartados (1) al (3) y (5). 2012 tax filing for free El límite sobre aportaciones hechas a un plan SIMPLE es $12,000. 2012 tax filing for free El límite sobre aportaciones hechas a planes conforme a la sección 501(c)(18)(D) es $7,000 o el 25% de su remuneración, la cantidad que sea menor. 2012 tax filing for free El límite sobre aportaciones hechas a planes conforme a la sección 457 es su remuneración incluible o $17,500, la cantidad que sea menor. 2012 tax filing for free Las cantidades diferidas bajo los límites específicos del plan son parte del límite global sobre aplazamientos. 2012 tax filing for free Aportaciones designadas a un arreglo Roth. 2012 tax filing for free   Los empleadores con planes conforme a las secciones 401(k) y 403(b) pueden establecer programas calificados de aportaciones a un arreglo Roth para hacer que la totalidad o parte de sus aplazamientos electivos al plan se designen a aportaciones a un arreglo Roth después de impuestos. 2012 tax filing for free Las aportaciones designadas a un arreglo Roth se consideran aplazamientos electivos, salvo que se incluyen en los ingresos. 2012 tax filing for free Aplazamientos en exceso. 2012 tax filing for free   Su empleador o el administrador de su plan debería aplicar el límite anual correspondiente al calcular sus aportaciones al plan. 2012 tax filing for free No obstante, usted es responsable de controlar o llevar la cuenta del total que aplace para asegurarse de que los aplazamientos no sean mayores al límite global. 2012 tax filing for free   Si aparta una cantidad mayor al límite, el exceso generalmente tiene que incluirse en los ingresos de ese año, a no ser que tenga un aplazamiento en exceso de una aportación designada a un arreglo Roth. 2012 tax filing for free Vea la Publicación 525, en inglés, para una explicación sobre el tratamiento tributario de los aplazamientos en exceso. 2012 tax filing for free Aportaciones de actualización. 2012 tax filing for free   Es posible que se le permita hacer aportaciones de actualización (aplazamientos electivos adicionales) si tiene 50 años de edad o más para el final del año tributario. 2012 tax filing for free Opciones de Compra de Acciones Si recibe una opción no estatutaria para comprar o vender acciones u otros bienes como pago por sus servicios, normalmente tendrá ingresos cuando reciba la opción, cuando ejerza la opción (cuando la use para comprar o vender las acciones u otros bienes) o cuando venda o de otra manera enajene la opción. 2012 tax filing for free Sin embargo, si su opción es una opción estatutaria de acciones, no tendrá ningún ingreso hasta que venda o intercambie sus acciones. 2012 tax filing for free Su empleador le puede decir qué clase de opción tiene. 2012 tax filing for free Para más información, vea la Publicación 525, en inglés. 2012 tax filing for free Bienes Restringidos Por lo general, si recibe bienes a cambio de sus servicios, tiene que incluir el valor justo de mercado en los ingresos en el año en que reciba los bienes. 2012 tax filing for free Sin embargo, si recibe acciones u otros bienes que tengan ciertas restricciones que afecten su valor, no incluya el valor de los bienes en los ingresos hasta que se hayan adquirido todos los derechos a los mismos. 2012 tax filing for free Puede elegir incluir el valor de los bienes en los ingresos en el año en que le son traspasados a usted. 2012 tax filing for free Para más información, vea Restricted Property (Bienes restringidos), en la Publicación 525, en inglés. 2012 tax filing for free Dividendos recibidos de acciones restringidas. 2012 tax filing for free   Los dividendos que reciba de acciones restringidas se consideran remuneración y no ingresos de dividendos. 2012 tax filing for free Su empleador debe incluir estos pagos en el Formulario W-2. 2012 tax filing for free Acciones que usted elija incluir en los ingresos. 2012 tax filing for free   Los dividendos que reciba de acciones restringidas que usted eligió incluir en los ingresos en el año en que se traspasaron son tratados como cualquier otro dividendo. 2012 tax filing for free Declárelos en la declaración de impuestos como dividendos. 2012 tax filing for free Para una explicación sobre dividendos, vea el capítulo 8 . 2012 tax filing for free    Para más información sobre cómo tratar los dividendos declarados en el Formulario W-2 y el Formulario 1099-DIV, vea Dividends received on restricted stock (Dividendos recibidos de acciones restringidas), en la Publicación 525, en inglés. 2012 tax filing for free Reglas Especiales para Algunos Empleados Esta sección trata de las reglas especiales para personas que tengan ciertas clases de empleo: miembros del clero, miembros de órdenes religiosas, personas que trabajan para empleadores extranjeros, personal militar y voluntarios. 2012 tax filing for free Clero Por lo general, si es miembro del clero, tiene que incluir en sus ingresos las ofrendas y honorarios que reciba por oficiar en matrimonios, bautizos, funerales, misas, etc. 2012 tax filing for free , además de su sueldo o salario. 2012 tax filing for free Si la ofrenda se hace a la institución religiosa, no se le grava a usted. 2012 tax filing for free Si es miembro de una organización religiosa y le da ganancias de otras fuentes a dicha organización religiosa, tiene que incluir dichas ganancias en sus ingresos. 2012 tax filing for free No obstante, quizás tenga derecho a una deducción de la cantidad pagada a la organización caritativa. 2012 tax filing for free Vea el capítulo 24 . 2012 tax filing for free Pensión. 2012 tax filing for free    Una pensión o pago por jubilación para un miembro del clero suele tratarse igual que otra pensión o anualidad. 2012 tax filing for free Tiene que declararse en las líneas 16a y 16b del Formulario 1040 o en las líneas 12a y 12b del Formulario 1040A. 2012 tax filing for free Vivienda. 2012 tax filing for free    Hay reglas especiales en cuanto a vivienda para los miembros del clero. 2012 tax filing for free Conforme a estas reglas, no se incluye en los ingresos el valor del alquiler de una vivienda (incluyendo servicios públicos) ni una asignación para vivienda que le haya sido proporcionada como parte de su paga. 2012 tax filing for free Sin embargo, la exclusión no puede ser mayor que la paga razonable por sus servicios. 2012 tax filing for free Si paga por los servicios públicos, puede excluir toda asignación designada al costo de los servicios, hasta el costo real. 2012 tax filing for free La vivienda o la asignación se le tiene que ofrecer como compensación por sus servicios como ministro ordenado, con licencia o con comisión. 2012 tax filing for free No obstante, tiene que incluir el valor del alquiler de la vivienda o de la asignación para la vivienda como ganancias del trabajo por cuenta propia en el Anexo SE (Formulario 1040) si está sujeto al impuesto del trabajo por cuenta propia. 2012 tax filing for free Para más información, vea la Publicación 517, Social Security and Other Information for Members of the Clergy and Religious Workers (Seguro Social y otra información para miembros del clero y empleados religiosos), en inglés. 2012 tax filing for free Miembros de Órdenes Religiosas Si es miembro de una orden religiosa que ha hecho un voto de pobreza, la manera de tratar las ganancias a las cuales ha renunciado y que ha entregado a la orden depende de si presta servicios a la misma. 2012 tax filing for free Servicios prestados a la orden religiosa. 2012 tax filing for free   Si presta servicios en representación de la orden en el desempeño de los deberes requeridos por la misma, no incluya en sus ingresos las cantidades entregadas a la orden. 2012 tax filing for free   Si su orden le manda prestar servicios para otra entidad de la iglesia supervisora o una institución asociada, se considera que presta los servicios en representación de la orden. 2012 tax filing for free Los sueldos o salarios que gane en representación de una orden, y que le entregue a la misma, no se incluyen en sus ingresos. 2012 tax filing for free Ejemplo. 2012 tax filing for free Usted es miembro de una orden religiosa y ha hecho un voto de pobreza. 2012 tax filing for free Renuncia a todo derecho sobre sus ganancias y le entrega a la orden todo sueldo o salario que gane. 2012 tax filing for free Usted es enfermero registrado, por lo tanto su orden lo asigna a trabajar en un hospital que es una institución asociada con la iglesia. 2012 tax filing for free No obstante, se mantiene bajo el mando general y el control de la orden. 2012 tax filing for free A usted se le considera agente de la orden y los sueldos o salarios que gane en ese hospital y entregue a la orden no se incluyen en los ingresos. 2012 tax filing for free Servicios prestados fuera de la orden religiosa. 2012 tax filing for free   Si a usted se le instruye que trabaje fuera de la orden, sus servicios no son un desempeño de los deberes requeridos por la orden a menos que dichos servicios cumplan los dos requisitos siguientes: Son tipos de servicios que normalmente son deberes de los miembros de la orden. 2012 tax filing for free Son parte de los deberes que usted tiene que prestar para la orden, o en nombre de la misma, como su agente. 2012 tax filing for free Si es empleado de un tercero y presta servicios a éste, se considera que la orden no le exige a usted que preste dichos servicios. 2012 tax filing for free Las cantidades que reciba por estos servicios se incluyen en sus ingresos, aun si ha hecho un voto de pobreza. 2012 tax filing for free Ejemplo. 2012 tax filing for free Marcos Moreno es miembro de una orden religiosa y ha hecho un voto de pobreza. 2012 tax filing for free Ha renunciado a todo derecho a sus ganancias y se las entrega a la orden. 2012 tax filing for free Marcos es maestro. 2012 tax filing for free Sus superiores de la orden le dijeron que obtuviera empleo en una escuela privada exenta de impuestos. 2012 tax filing for free Marcos se convirtió en un empleado de la escuela y, a solicitud suya, la escuela pagó su salario directamente a la orden. 2012 tax filing for free Debido a que Marcos es empleado de la escuela, se considera que presta servicios para la escuela en vez de como agente de la orden. 2012 tax filing for free El salario que gana Marcos por trabajar en la escuela se incluye en sus ingresos. 2012 tax filing for free Empleador Extranjero Hay reglas especiales que se aplican a personas que trabajan para un empleador extranjero. 2012 tax filing for free Ciudadano estadounidense. 2012 tax filing for free   Si es ciudadano estadounidense que trabaja en los Estados Unidos para un gobierno extranjero, una organización internacional, una embajada extranjera o cualquier empleador extranjero, tiene que incluir su sueldo en los ingresos. 2012 tax filing for free Impuestos del Seguro Social y Medicare. 2012 tax filing for free   Está exento de los impuestos del Seguro Social y Medicare para empleados si trabaja en los Estados Unidos para una organización internacional o un gobierno extranjero. 2012 tax filing for free No obstante, tiene que pagar impuestos sobre el trabajo por cuenta propia sobre sus ingresos por servicios prestados en los Estados Unidos, a pesar de que no trabaja por cuenta propia. 2012 tax filing for free Esta regla también corresponde si es empleado de una agencia calificada que pertenezca en su totalidad a un gobierno extranjero. 2012 tax filing for free Empleados de organizaciones internacionales o de gobiernos extranjeros. 2012 tax filing for free   Su remuneración por prestar servicios oficiales a una organización internacional está exenta de impuestos federales sobre los ingresos si no es ciudadano estadounidense o si es ciudadano de las Filipinas (independientemente de si usted es o no ciudadano estadounidense). 2012 tax filing for free   Su remuneración por prestar servicios oficiales a un gobierno extranjero está exenta de impuestos federales sobre los ingresos si se cumplen todas las siguientes condiciones: No es ciudadano estadounidense o es ciudadano filipino (independientemente de que sea o no ciudadano estadounidense). 2012 tax filing for free Su trabajo se parece al trabajo desempeñado por empleados de los Estados Unidos en países extranjeros. 2012 tax filing for free El gobierno extranjero ofrece una exención igual a empleados de los Estados Unidos que se encuentren en su país. 2012 tax filing for free Renuncia al estado de extranjero. 2012 tax filing for free   Podrían corresponderle reglas diferentes si es extranjero que trabaja para un gobierno extranjero o una organización internacional y presenta una renuncia conforme a la sección 247(b) de la Immigration and Nationality Act (Ley de Inmigración y Nacionalidad) para mantener su estado de inmigrante. 2012 tax filing for free Vea el tema titulado Foreign Employer (Empleador extranjero) en la Publicación 525, en inglés. 2012 tax filing for free Empleo en el extranjero. 2012 tax filing for free   Para información sobre el trato tributario de los ingresos ganados en el extranjero, obtenga la Publicación 54, en inglés. 2012 tax filing for free Fuerzas Armadas Los pagos que reciba como miembro de las Fuerzas Armadas suelen estar sujetos a impuestos como sueldo o salario, con excepción del pago de jubilación que está sujeto a impuestos como una pensión. 2012 tax filing for free A las asignaciones generalmente no se les gravan impuestos. 2012 tax filing for free Para información sobre el trato tributario de las asignaciones y beneficios militares, obtenga la Publicación 3, Armed Forces' Tax Guide (Guía tributaria para las Fuerzas Armadas), en inglés. 2012 tax filing for free Pagos de salarios diferenciales. 2012 tax filing for free   Si una persona que presta servicio activo como miembro de las Fuerzas Armadas recibe pagos de un empleador correspondientes a cualquier período de dicho servicio, éstos se tratan como remuneración. 2012 tax filing for free Estos salarios están sujetos a la retención del impuesto sobre los ingresos y se declaran en el Formulario W-2. 2012 tax filing for free Vea la sección Otras Clases de Remuneración , anteriormente. 2012 tax filing for free Pagos de la jubilación militar. 2012 tax filing for free   Si sus pagos de jubilación se basan en edad o duración de servicio, están sujetos a impuestos y tienen que incluirse en sus ingresos como una pensión en las líneas 16a y 16b del Formulario 1040, o en las líneas 12a y 12b del Formulario 1040A. 2012 tax filing for free No incluya en los ingresos ninguna reducción de pago de jubilación o anticipo para proveer una anualidad de sobreviviente para su cónyuge o hijos conforme al Retired Serviceman's Family Protection Plan (Plan de protección para las familias de militares jubilados) o el Survivor Benefit Plan (Plan de beneficios para sobrevivientes). 2012 tax filing for free   Para una explicación más detallada sobre las anualidades para sobrevivientes, vea el capítulo 10 . 2012 tax filing for free Incapacidad. 2012 tax filing for free   Si se jubiló por incapacidad, vea el tema titulado Pensiones Militares y Gubernamentales por Incapacidad bajo Beneficios por Enfermedad y Lesiones, más adelante. 2012 tax filing for free Beneficios para veteranos. 2012 tax filing for free   No incluya en sus ingresos beneficio alguno para veteranos pagado conforme a alguna ley, reglamento o práctica administrativa administrada por el Departamento de Asuntos de Veteranos (VA, por sus siglas en inglés). 2012 tax filing for free Las cantidades siguientes pagadas a veteranos o a sus familias no están sujetas a impuestos: Asignaciones para educación, capacitación y subsistencia. 2012 tax filing for free Pagos de compensación por incapacidad y pagos de pensión por incapacidad hechos a veteranos o a sus familias. 2012 tax filing for free Subvenciones para casas diseñadas para habitantes en silla de ruedas. 2012 tax filing for free Subvenciones para vehículos motorizados para veteranos que han perdido la vista o el uso de sus extremidades. 2012 tax filing for free Ganancias y dividendos de seguros pagados a veteranos o a sus beneficiarios, incluyendo las ganancias de una póliza de seguro dotal para veteranos pagadas antes del fallecimiento. 2012 tax filing for free Intereses sobre dividendos de seguros que deje en depósito en el Departamento de Asuntos de Veteranos. 2012 tax filing for free Beneficios de un programa para el cuidado de dependientes. 2012 tax filing for free La prestación pagada al sobreviviente de un miembro de las Fuerzas Armadas que falleció después del 10 de septiembre de 2001. 2012 tax filing for free Pagos hechos conforme al programa de terapia laboral remunerada. 2012 tax filing for free Todo pago de bonificación de un estado o subdivisión política por servicios prestados en una zona de combate. 2012 tax filing for free Voluntarios El trato tributario de las cantidades que reciba como trabajador voluntario del Cuerpo de Paz o una agencia similar se trata en los párrafos siguientes. 2012 tax filing for free Cuerpo de Paz. 2012 tax filing for free   Las asignaciones de subsistencia que reciba como voluntario del Cuerpo de Paz, o como líder voluntario del mismo, por concepto de vivienda, servicios públicos, suministros para el hogar, alimento y ropa están exentas de impuestos. 2012 tax filing for free Asignaciones sujetas a impuestos. 2012 tax filing for free   Las asignaciones siguientes tienen que incluirse en sus ingresos y declararse como salario: Asignaciones pagadas a su cónyuge e hijos menores de edad mientras usted es líder voluntario en capacitación en los Estados Unidos. 2012 tax filing for free Asignaciones para subsistencia designadas por el Director del Cuerpo de Paz como remuneración básica. 2012 tax filing for free Éstas son asignaciones para artículos personales como ayuda con los quehaceres domésticos, lavado y mantenimiento de ropa, entretenimiento y recreación, transporte y otros gastos misceláneos. 2012 tax filing for free Asignaciones para permisos o licencias (por vacaciones o enfermedad). 2012 tax filing for free Asignaciones de reajuste o pagos de terminación. 2012 tax filing for free Se considera que éstas son recibidas por usted cuando se abonan a su cuenta. 2012 tax filing for free Ejemplo. 2012 tax filing for free Gastón Carranza, un voluntario del Cuerpo de Paz, recibe $175 mensuales como asignación de reajuste durante el período de servicio, a serle pagada en una suma global al concluir su período de servicio. 2012 tax filing for free Aunque la asignación no está a su disposición hasta concluir su servicio, Gastón tiene que incluirla en sus ingresos cada mes cuando se acredite a su cuenta. 2012 tax filing for free Volunteers in Service to America (Voluntarios del servicio para los Estados Unidos de América o VISTA, por sus siglas en inglés). 2012 tax filing for free   Si es voluntario del programa Volunteers in Service to America (Voluntarios del servicio para los Estados Unidos de América), tiene que incluir las asignaciones para comidas y alojamiento en los ingresos como salario. 2012 tax filing for free Programas del National Senior Services Corps (Cuerpo nacional de servicios prestados por personas mayores). 2012 tax filing for free   Si recibe dinero por servicios de ayuda o reembolsos por gastos de bolsillo, no lo incluya en sus ingresos si proviene de los siguientes programas: Retired Senior Volunteer Program (o RSVP, por sus siglas en inglés) (Programa de voluntarios mayores jubilados). 2012 tax filing for free Foster Grandparent Program (Programa de abuelos de crianza). 2012 tax filing for free Senior Companion Program (Programa de acompañantes de personas mayores). 2012 tax filing for free Service Corps of Retired Executives (Cuerpo de servicio de ejecutivos jubilados o SCORE, por sus siglas en inglés). 2012 tax filing for free   Si recibe dinero por servicios de ayuda o reembolsos de gastos de bolsillo, no lo incluya en sus ingresos si proviene del Service Corps of Retired Executives (Cuerpo de servicio de ejecutivos jubilados). 2012 tax filing for free Asesoría voluntaria con los impuestos. 2012 tax filing for free   No incluya en los ingresos reembolso alguno que reciba por transporte, comidas u otros gastos en los que incurra mientras recibe capacitación para proveer, o mientras provee, asesoría voluntaria con los impuestos federales a personas mayores (conocida en inglés como Tax Counseling for the Elderly o TCE, por sus siglas en inglés). 2012 tax filing for free   Puede deducir como donación caritativa los gastos de bolsillo no reembolsados y en los que incurrió mientras tomaba parte en el Volunteer Income Tax Assistance Program (Programa de asistencia voluntaria para la preparación de impuestos sobre el ingreso o VITA, por sus siglas en inglés). 2012 tax filing for free Vea el capítulo 24 . 2012 tax filing for free Beneficios por Enfermedad y Lesiones Esta sección aborda diversas clases de beneficios por enfermedad o lesiones, incluyendo beneficios por incapacidad, contratos de seguros para cuidados a largo plazo, compensación del seguro obrero y otros beneficios. 2012 tax filing for free Generalmente, tiene que declarar como ingresos toda cantidad que reciba por lesiones corporales o enfermedad de un plan de accidentes o de salud que pague su empleador. 2012 tax filing for free Si usted y su empleador, ambos, pagan por el plan, sólo la cantidad que usted reciba por los pagos hechos por su empleador se declara como ingresos. 2012 tax filing for free Sin embargo, puede ser que ciertos pagos no se le graven a usted. 2012 tax filing for free Su empleador debería poder darle los detalles específicos sobre su plan de pensiones e informarle de la cantidad que usted pagó por su pensión por incapacidad. 2012 tax filing for free Además de las pensiones y anualidades por incapacidad, quizás reciba otros pagos por enfermedad y lesiones. 2012 tax filing for free No declare como ingresos ninguna cantidad recibida como reembolso de gastos médicos en los que incurrió después de establecerse el plan. 2012 tax filing for free Costo pagado por usted. 2012 tax filing for free   Si usted paga el costo entero de un plan de salud o de accidente, no incluya como ingresos en su declaración de impuestos ninguna cantidad que reciba del plan por lesiones corporales o enfermedad. 2012 tax filing for free Si su plan le reembolsó los gastos médicos que usted dedujo en un año anterior, quizás tenga que incluir en los ingresos algunos, o todos, los reembolsos. 2012 tax filing for free Vea el tema titulado Reembolso en un año posterior , en el capítulo 21. 2012 tax filing for free Planes flexibles de beneficios (Cafeteria plans). 2012 tax filing for free   Por lo general, si está cubierto por un plan de salud o de accidente a través de un plan flexible de beneficios y las primas del seguro no se incluyeron en los ingresos, se considera que no ha pagado las primas y tiene que incluir en los ingresos todos los beneficios que haya recibido. 2012 tax filing for free Si las primas se incluyeron en los ingresos, se considera que ha pagado las primas y los beneficios que reciba no están sujetos a impuestos. 2012 tax filing for free Pensiones por Incapacidad Si se jubiló por incapacidad, tiene que incluir en sus ingresos toda pensión por incapacidad que reciba conforme a un plan pagado por su empleador. 2012 tax filing for free Tiene que declarar los pagos por incapacidad sujetos a impuestos como salario en la línea 7 del Formulario 1040 o del Formulario 1040A, hasta que usted cumpla la edad mínima para la jubilación. 2012 tax filing for free La edad mínima para la jubilación es, por lo general, la edad en la cual usted puede recibir por primera vez una pensión o anualidad si no está incapacitado. 2012 tax filing for free Podría tener derecho a un crédito tributario si estaba permanente y totalmente incapacitado cuando se jubiló. 2012 tax filing for free Para más información sobre este crédito y la definición de incapacidad total y permanente, vea el capítulo 33. 2012 tax filing for free A partir del día después de haber cumplido la edad mínima para la jubilación, los pagos que reciba están sujetos a impuestos como pensión o anualidad. 2012 tax filing for free Declare estos pagos en las líneas 16a y 16b del Formulario 1040 o en las líneas 12a y 12b del Formulario 1040A. 2012 tax filing for free Para información sobre las reglas para declarar pensiones, vea el tema titulado Cómo Hacer la Declaración , en el capítulo 10. 2012 tax filing for free Para información sobre los pagos por incapacidad de un programa gubernamental provistos como sustituto de la compensación por desempleo, vea el capítulo 12 . 2012 tax filing for free Planes de jubilación y de participación en las ganancias. 2012 tax filing for free   Si recibe pagos de un plan de jubilación o de participación en las ganancias que no provee jubilación por incapacidad, no declare los pagos como pensión por incapacidad. 2012 tax filing for free Los pagos tienen que ser declarados como una pensión o anualidad. 2012 tax filing for free Para más información sobre las pensiones, vea el capítulo 10 . 2012 tax filing for free Pago por vacaciones acumuladas. 2012 tax filing for free   Si se jubila por incapacidad, todo pago global que reciba por vacaciones acumuladas se considera pago de sueldo. 2012 tax filing for free Este pago no es un pago por incapacidad. 2012 tax filing for free Inclúyalo en sus ingresos en el año tributario en que lo reciba. 2012 tax filing for free Pensiones Militares y Gubernamentales por Incapacidad Algunas pensiones militares y gubernamentales por incapacidad no están sujetas a impuestos. 2012 tax filing for free Incapacidad por servicio gubernamental. 2012 tax filing for free