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Amended 2012 Tax Return

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Amended 2012 Tax Return

Amended 2012 tax return 10. Amended 2012 tax return   Self-Employment (SE) Tax Table of Contents Who Must Pay SE Tax?Special Rules and Exceptions Figuring Earnings Subject to SE Tax Farm Optional Method Using Both Optional Methods Reporting Self-Employment Tax The SE tax rules apply no matter how old you are and even if you are already receiving social security and Medicare benefits. Amended 2012 tax return Who Must Pay SE Tax? Generally, you must pay SE tax and file Schedule SE (Form 1040) if your net earnings from self-employment were $400 or more. Amended 2012 tax return Use Schedule SE to figure net earnings from self-employment. Amended 2012 tax return Sole proprietor or independent contractor. Amended 2012 tax return   If you are self-employed as a sole proprietor or independent contractor, you generally use Schedule C or C-EZ (Form 1040) to figure your earnings subject to SE tax. Amended 2012 tax return SE tax rate. Amended 2012 tax return    For 2013, the SE tax rate on net earnings is 15. Amended 2012 tax return 3% (12. Amended 2012 tax return 4% social security tax plus 2. Amended 2012 tax return 9% Medicare tax). Amended 2012 tax return Maximum earnings subject to self-employment tax. Amended 2012 tax return    Only the first $113,700 of your combined wages, tips, and net earnings in 2013 is subject to any combination of the 12. Amended 2012 tax return 4% social security part of SE tax, social security tax, or railroad retirement (tier 1) tax. Amended 2012 tax return   All of your combined wages, tips, and net earnings in 2013 are subject to any combination of the 2. Amended 2012 tax return 9% Medicare part of SE tax, social security tax, or railroad retirement (tier 1) tax. Amended 2012 tax return   If your wages and tips are subject to either social security or railroad retirement (tier 1) tax, or both, and total at least $113,700, do not pay the 12. Amended 2012 tax return 4% social security part of the SE tax on any of your net earnings. Amended 2012 tax return However, you must pay the 2. Amended 2012 tax return 9% Medicare part of the SE tax on all your net earnings. Amended 2012 tax return Special Rules and Exceptions Aliens. Amended 2012 tax return   Generally, resident aliens must pay self-employment tax under the same rules that apply to U. Amended 2012 tax return S. Amended 2012 tax return citizens. Amended 2012 tax return Nonresident aliens are not subject to SE tax unless an international social security agreement in effect determines that they are covered under the U. Amended 2012 tax return S. Amended 2012 tax return social security system. Amended 2012 tax return However, residents of the Virgin Islands, Puerto Rico, Guam, the Commonwealth of the Northern Mariana Islands, or American Samoa are subject to self-employment tax, as they are considered U. Amended 2012 tax return S. Amended 2012 tax return residents for self-employment tax purposes. Amended 2012 tax return For more information on aliens, see Publication 519, U. Amended 2012 tax return S. Amended 2012 tax return Tax Guide for Aliens. Amended 2012 tax return Child employed by parent. Amended 2012 tax return   You are not subject to SE tax if you are under age 18 and you are working for your father or mother. Amended 2012 tax return Church employee. Amended 2012 tax return    If you work for a church or a qualified church-controlled organization (other than as a minister or member of a religious order) that elected an exemption from social security and Medicare taxes, you are subject to SE tax if you receive $108. Amended 2012 tax return 28 or more in wages from the church or organization. Amended 2012 tax return For more information, see Publication 517, Social Security and Other Information for Members of the Clergy and Religious Workers. Amended 2012 tax return Fishing crew member. Amended 2012 tax return   If you are a member of the crew on a boat that catches fish or other water life, your earnings are subject to SE tax if all the following conditions apply. Amended 2012 tax return You do not get any pay for the work except your share of the catch or a share of the proceeds from the sale of the catch, unless the pay meets all the following conditions. Amended 2012 tax return The pay is not more than $100 per trip. Amended 2012 tax return The pay is received only if there is a minimum catch. Amended 2012 tax return The pay is solely for additional duties (such as mate, engineer, or cook) for which additional cash pay is traditional in the fishing industry. Amended 2012 tax return You get a share of the catch or a share of the proceeds from the sale of the catch. Amended 2012 tax return Your share depends on the amount of the catch. Amended 2012 tax return The boat's operating crew normally numbers fewer than 10 individuals. Amended 2012 tax return (An operating crew is considered as normally made up of fewer than 10 if the average size of the crew on trips made during the last four calendar quarters is fewer than 10. Amended 2012 tax return ) Notary public. Amended 2012 tax return   Fees you receive for services you perform as a notary public are reported on Schedule C or C-EZ but are not subject to self-employment tax (see the Instructions for Schedule SE (Form 1040)). Amended 2012 tax return State or local government employee. Amended 2012 tax return   You are subject to SE tax if you are an employee of a state or local government, are paid solely on a fee basis, and your services are not covered under a federal-state social security agreement. Amended 2012 tax return Foreign government or international organization employee. Amended 2012 tax return   You are subject to SE tax if both the following conditions are true. Amended 2012 tax return You are a U. Amended 2012 tax return S. Amended 2012 tax return citizen employed in the United States, Puerto Rico, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, or the Virgin Islands by: A foreign government, A wholly-owned agency of a foreign government, or An international organization. Amended 2012 tax return Your employer is not required to withhold social security and Medicare taxes from your wages. Amended 2012 tax return U. Amended 2012 tax return S. Amended 2012 tax return citizen or resident alien residing abroad. Amended 2012 tax return    If you are a self-employed U. Amended 2012 tax return S. Amended 2012 tax return citizen or resident alien living outside the United States, in most cases you must pay SE tax. Amended 2012 tax return Do not reduce your foreign earnings from self-employment by your foreign earned income exclusion. Amended 2012 tax return Exception. Amended 2012 tax return    The United States has social security agreements with many countries to eliminate double taxation under two social security systems. Amended 2012 tax return Under these agreements, you generally must only pay social security and Medicare taxes to the country in which you live. Amended 2012 tax return The country to which you must pay the tax will issue a certificate which serves as proof of exemption from social security tax in the other country. Amended 2012 tax return   For more information, see the Instructions for Schedule SE (Form 1040). Amended 2012 tax return More Than One Business If you have earnings subject to SE tax from more than one trade, business, or profession, you must combine the net profit (or loss) from each to determine your total earnings subject to SE tax. Amended 2012 tax return A loss from one business reduces your profit from another business. Amended 2012 tax return Community Property Income If any of the income from a trade or business, other than a partnership, is community property income under state law, it is included in the earnings subject to SE tax of the spouse carrying on the trade or business. Amended 2012 tax return Gain or Loss Do not include in earnings subject to SE tax a gain or loss from the disposition of property that is neither stock in trade nor held primarily for sale to customers. Amended 2012 tax return It does not matter whether the disposition is a sale, exchange, or an involuntary conversion. Amended 2012 tax return Lost Income Payments If you are self-employed and reduce or stop your business activities, any payment you receive from insurance or other sources for the lost business income is included in earnings subject to SE tax. Amended 2012 tax return If you are not working when you receive the payment, it still relates to your business and is included in earnings subject to SE tax, even though your business is temporarily inactive. Amended 2012 tax return Figuring Earnings Subject to SE Tax Methods for Figuring Net Earnings There are three ways to figure your net earnings from self-employment. Amended 2012 tax return The regular method. Amended 2012 tax return The nonfarm optional method. Amended 2012 tax return The farm optional method. Amended 2012 tax return You must use the regular method unless you are eligible to use one or both of the optional methods. Amended 2012 tax return Why use an optional method?    You may want to use the optional methods (discussed later) when you have a loss or a small net profit and any one of the following applies. Amended 2012 tax return You want to receive credit for social security benefit coverage. Amended 2012 tax return You incurred child or dependent care expenses for which you could claim a credit. Amended 2012 tax return (An optional method may increase your earned income, which could increase your credit. Amended 2012 tax return ) You are entitled to the earned income credit. Amended 2012 tax return (An optional method may increase your earned income, which could increase your credit. Amended 2012 tax return ) You are entitled to the additional child tax credit. Amended 2012 tax return (An optional method may increase your earned income, which could increase your credit. Amended 2012 tax return ) Effects of using an optional method. Amended 2012 tax return   Using an optional method could increase your SE tax. Amended 2012 tax return Paying more SE tax could result in your getting higher benefits when you retire. Amended 2012 tax return   If you use either or both optional methods, you must figure and pay the SE tax due under these methods even if you would have had a smaller tax or no tax using the regular method. Amended 2012 tax return   The optional methods may be used only to figure your SE tax. Amended 2012 tax return To figure your income tax, include your actual earnings in gross income, regardless of which method you use to determine SE tax. Amended 2012 tax return Regular Method Multiply your total earnings subject to SE tax by 92. Amended 2012 tax return 35% (. Amended 2012 tax return 9235) to get your net earnings under the regular method. Amended 2012 tax return See Short Schedule SE, line 4, or Long Schedule SE, line 4a. Amended 2012 tax return Net earnings figured using the regular method are also called actual net earnings. Amended 2012 tax return Nonfarm Optional Method Use the nonfarm optional method only for earnings that do not come from farming. Amended 2012 tax return You may use this method if you meet all the following tests. Amended 2012 tax return You are self-employed on a regular basis. Amended 2012 tax return This means that your actual net earnings from self-employment were $400 or more in at least 2 of the 3 tax years before the one for which you use this method. Amended 2012 tax return The net earnings can be from either farm or nonfarm earnings or both. Amended 2012 tax return You have used this method less than 5 years. Amended 2012 tax return (There is a 5-year lifetime limit. Amended 2012 tax return ) The years do not have to be one after another. Amended 2012 tax return Your net nonfarm profits were: Less than $5,024, and Less than 72. Amended 2012 tax return 189% of your gross nonfarm income. Amended 2012 tax return Net nonfarm profits. Amended 2012 tax return   Net nonfarm profit generally is the total of the amounts from: Line 31, Schedule C (Form 1040), Line 3, Schedule C-EZ (Form 1040), Box 14, code A, Schedule K-1 (Form 1065) (from nonfarm partnerships), and Box 9, code J1, Schedule K-1 (Form 1065-B). Amended 2012 tax return   However, you may need to adjust the amount reported on Schedule K-1 if you are a general partner or if it is a loss. Amended 2012 tax return Gross nonfarm income. Amended 2012 tax return   Your gross nonfarm income generally is the total of the amounts from: Line 7, Schedule C (Form 1040), Line 1, Schedule C-EZ (Form 1040), Box 14, code C, Schedule K-1 (Form 1065) (from nonfarm partnerships), and Box 9, code J2, Schedule K-1 (Form 1065-B). Amended 2012 tax return Figuring Nonfarm Net Earnings If you meet the three tests explained earlier, use the following table to figure your net earnings from self-employment under the nonfarm optional method. Amended 2012 tax return Table 10-1. Amended 2012 tax return Figuring Nonfarm Net Earnings IF your gross nonfarm income is. Amended 2012 tax return . Amended 2012 tax return . Amended 2012 tax return THEN your net earnings are equal to. Amended 2012 tax return . Amended 2012 tax return . Amended 2012 tax return $6,960 or less Two-thirds of your gross nonfarm income. Amended 2012 tax return More than $6,960 $4,640 Actual net earnings. Amended 2012 tax return   Your actual net earnings are 92. Amended 2012 tax return 35% of your total earnings subject to SE tax (that is, multiply total earnings subject to SE tax by 92. Amended 2012 tax return 35% (. Amended 2012 tax return 9235) to get actual net earnings). Amended 2012 tax return Actual net earnings are equivalent to net earnings figured using the regular method. Amended 2012 tax return Optional net earnings less than actual net earnings. Amended 2012 tax return   You cannot use this method to report an amount less than your actual net earnings from self-employment. Amended 2012 tax return Gross nonfarm income of $6,960 or less. Amended 2012 tax return   The following examples illustrate how to figure net earnings when gross nonfarm income is $6,960 or less. Amended 2012 tax return Example 1. Amended 2012 tax return Net nonfarm profit less than $5,024 and less than 72. Amended 2012 tax return 189% of gross nonfarm income. Amended 2012 tax return Ann Green runs a craft business. Amended 2012 tax return Her actual net earnings from self-employment were $800 in 2011 and $900 in 2012. Amended 2012 tax return She meets the test for being self-employed on a regular basis. Amended 2012 tax return She has used the nonfarm optional method less than 5 years. Amended 2012 tax return Her gross income and net profit in 2013 are as follows: Gross nonfarm income $5,400 Net nonfarm profit $1,200 Ann's actual net earnings for 2013 are $1,108 ($1,200 × . Amended 2012 tax return 9235). Amended 2012 tax return Because her net profit is less than $5,024 and less than 72. Amended 2012 tax return 189% of her gross income, she can use the nonfarm optional method to figure net earnings of $3,600 (2/3 × $5,400). Amended 2012 tax return Because these net earnings are higher than her actual net earnings, she can report net earnings of $3,600 for 2013. Amended 2012 tax return Example 2. Amended 2012 tax return Net nonfarm profit less than $5,024 but not less than 72. Amended 2012 tax return 189% of gross nonfarm income. Amended 2012 tax return Assume that in Example 1 Ann's gross income is $1,000 and her net profit is $800. Amended 2012 tax return She must use the regular method to figure her net earnings. Amended 2012 tax return She cannot use the nonfarm optional method because her net profit is not less than 72. Amended 2012 tax return 189% of her gross income. Amended 2012 tax return Example 3. Amended 2012 tax return Net loss from a nonfarm business. Amended 2012 tax return Assume that in Example 1 Ann has a net loss of $700. Amended 2012 tax return She can use the nonfarm optional method and report $3,600 (2/3 × $5,400) as her net earnings. Amended 2012 tax return Example 4. Amended 2012 tax return Nonfarm net earnings less than $400. Amended 2012 tax return Assume that in Example 1 Ann has gross income of $525 and a net profit of $175. Amended 2012 tax return In this situation, she would not pay any SE tax under either the regular method or the nonfarm optional method because her net earnings under both methods are less than $400. Amended 2012 tax return Gross nonfarm income of more than $6,960. Amended 2012 tax return   The following examples illustrate how to figure net earnings when gross nonfarm income is more than $6,960. Amended 2012 tax return Example 1. Amended 2012 tax return Net nonfarm profit less than $5,024 and less than 72. Amended 2012 tax return 189% of gross nonfarm income. Amended 2012 tax return John White runs an appliance repair shop. Amended 2012 tax return His actual net earnings from self-employment were $10,500 in 2011 and $9,500 in 2012. Amended 2012 tax return He meets the test for being self-employed on a regular basis. Amended 2012 tax return He has used the nonfarm optional method less than 5 years. Amended 2012 tax return His gross income and net profit in 2013 are as follows: Gross nonfarm income $12,000 Net nonfarm profit $1,200 John's actual net earnings for 2013 are $1,108 ($1,200 × . Amended 2012 tax return 9235). Amended 2012 tax return Because his net profit is less than $5,024 and less than 72. Amended 2012 tax return 189% of his gross income, he can use the nonfarm optional method to figure net earnings of $4,640. Amended 2012 tax return Because these net earnings are higher than his actual net earnings, he can report net earnings of $4,640 for 2013. Amended 2012 tax return Example 2. Amended 2012 tax return Net nonfarm profit not less than $5,024. Amended 2012 tax return Assume that in Example 1 John's net profit is $5,400. Amended 2012 tax return He must use the regular method. Amended 2012 tax return He cannot use the nonfarm optional method because his net nonfarm profit is not less than $5,024. Amended 2012 tax return Example 3. Amended 2012 tax return Net loss from a nonfarm business. Amended 2012 tax return Assume that in Example 1 John has a net loss of $700. Amended 2012 tax return He can use the nonfarm optional method and report $4,640 as his net earnings from self-employment. Amended 2012 tax return Farm Optional Method Use the farm optional method only for earnings from a farming business. Amended 2012 tax return See Publication 225 for information about this method. Amended 2012 tax return Using Both Optional Methods If you have both farm and nonfarm earnings, you may be able to use both optional methods to determine your net earnings from self-employment. Amended 2012 tax return To figure your net earnings using both optional methods, you must: Figure your farm and nonfarm net earnings separately under each method. Amended 2012 tax return Do not combine farm earnings with nonfarm earnings to figure your net earnings under either method. Amended 2012 tax return Add the net earnings figured under each method to arrive at your total net earnings from self-employment. Amended 2012 tax return You can report less than your total actual farm and nonfarm net earnings but not less than actual nonfarm net earnings. Amended 2012 tax return If you use both optional methods, you can report no more than $4,640 as your combined net earnings from self-employment. Amended 2012 tax return Example. Amended 2012 tax return You are a self-employed farmer. Amended 2012 tax return You also operate a retail grocery store. Amended 2012 tax return Your gross income, actual net earnings from self-employment, and optional farm and optional nonfarm net earnings from self-employment are shown in Table 10-2. Amended 2012 tax return Table 10-2. Amended 2012 tax return Example—Farm and Nonfarm Earnings Income and Earnings Farm Nonfarm Gross income $3,000 $6,000 Actual net earnings $900 $500 Optional net earnings (2/3 of gross income) $2,000 $4,000 Table 10-3 shows four methods or combinations of methods you can use to figure net earnings from self-employment using the farm and nonfarm gross income and actual net earnings shown in Table 10-2. Amended 2012 tax return Method 1. Amended 2012 tax return Using the regular method for both farm and nonfarm income. Amended 2012 tax return Method 2. Amended 2012 tax return Using the optional method for farm income and the regular method for nonfarm income. Amended 2012 tax return Method 3. Amended 2012 tax return Using the regular method for farm income and the optional method for nonfarm income. Amended 2012 tax return Method 4. Amended 2012 tax return Using the optional method for both farm and nonfarm income. Amended 2012 tax return Note. Amended 2012 tax return Actual net earnings is the same as net earnings figured using the regular method. Amended 2012 tax return Table 10-3. Amended 2012 tax return Example—Net Earnings Net Earnings 1 2 3 4 Actual  farm $ 900   $ 900   Optional  farm   $ 2,000   $ 2,000 Actual nonfarm $ 500 $ 500     Optional nonfarm     $4,000 $4,000 Amount you can report: $1,400 $2,500 $4,900 $4,640* *Limited to $4,640 because you used both optional methods. Amended 2012 tax return Fiscal Year Filer If you use a tax year other than the calendar year, you must use the tax rate and maximum earnings limit in effect at the beginning of your tax year. Amended 2012 tax return Even if the tax rate or maximum earnings limit changes during your tax year, continue to use the same rate and limit throughout your tax year. Amended 2012 tax return Reporting Self-Employment Tax Use Schedule SE (Form 1040) to figure and report your SE tax. Amended 2012 tax return Then enter the SE tax on line 56 of Form 1040 and attach Schedule SE to Form 1040. Amended 2012 tax return Most taxpayers can use Section A—Short Schedule SE to figure their SE tax. Amended 2012 tax return However, certain taxpayers must use Section B—Long Schedule SE. Amended 2012 tax return If you have to pay SE tax, you must file Form 1040 (with Schedule SE attached) even if you do not otherwise have to file a federal income tax return. Amended 2012 tax return Joint return. Amended 2012 tax return   Even if you file a joint return, you cannot file a joint Schedule SE. Amended 2012 tax return This is true whether one spouse or both spouses have earnings subject to SE tax. Amended 2012 tax return If both of you have earnings subject to SE tax, each of you must complete a separate Schedule SE. Amended 2012 tax return However, if one spouse uses the Short Schedule SE and the other spouse has to use the Long Schedule SE, both can use the same form. Amended 2012 tax return Attach both schedules to the joint return. Amended 2012 tax return More than one business. Amended 2012 tax return   If you have more than one trade or business, you must combine the net profit (or loss) from each business to figure your SE tax. Amended 2012 tax return A loss from one business will reduce your profit from another business. Amended 2012 tax return File one Schedule SE showing the earnings from self-employment, but file a separate Schedule C, C-EZ, or F for each business. Amended 2012 tax return Example. Amended 2012 tax return You are the sole proprietor of two separate businesses. Amended 2012 tax return You operate a restaurant that made a net profit of $25,000. Amended 2012 tax return You also have a cabinetmaking business that had a net loss of $500. Amended 2012 tax return You must file a Schedule C for the restaurant showing your net profit of $25,000 and another Schedule C for the cabinetmaking business showing your net loss of $500. Amended 2012 tax return You file Schedule SE showing total earnings subject to SE tax of $24,500. Amended 2012 tax return Prev  Up  Next   Home   More Online Publications
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General Car Tips

Whether you are buying or leasing a vehicle, these tips will help you get the best deal and avoid problems.

  • Decide what kind of vehicle best suits your needs and budget. Read our tips for choosing a safe vehicle. To compare models and get car buying tips, visit Edmunds.com or InternetAutoGuide.com.
  • Consider fuel economy. A vehicle that gets more miles per gallon is good for your wallet as well as for the environment.
  • Check out the seller. For car dealers, check with your local consumer protection office and Better Business Bureau. If you're buying from an individual, check the title to make sure you're dealing with the vehicle owner.
  • Take a test drive. Drive at different speeds and check for smooth right and left turns. On a straight stretch, make sure the vehicle doesn't pull to one side.
  • Handle trade-ins and financing separately from your purchase to get the best deal on each. Get a written price quote before you talk about a trade-in or dealer financing.
  • Shop in advance for the best finance deal at your credit union, bank or finance company. Look at the total finance charges and the Annual Percentage Rate (APR), not just the monthly payment.
  • Read and understand every document you are asked to sign.
  • Don't take possession of the car until all paperwork is final.
  • Choose an auto insurance policy that is right for you.

Vehicle Financing

Most car buyers today need some form of financing to purchase a new vehicle. Many use direct lending, that is, a loan from a finance company, bank, or credit union. In direct lending, a buyer agrees to pay the amount financed, plus an agreed-upon finance charge, over a specified period. Once a buyer and a vehicle dealership enter into a contract to purchase a vehicle, the buyer uses the loan proceeds from the direct lender to pay the dealership for the vehicle.

Another common form is dealership financing, which offers convenience, financing options, and sometimes special, manufacturer-sponsored, low-rate deals. Before you make a financing decision, it’s important to do your research:

  • Decide in advance how much you can afford to spend and stick to your limit.
  • Get a copy of your credit report and correct any errors before applying for a loan.
  • Check buying guides to identify price ranges and best available deals.

The Federal Trade Commission has more information about vehicle financing, deciding what you can afford, and consumer protections. If you need to file a complaint about your auto loan, contact the Consumer Financial Protection Bureau.

The Amended 2012 Tax Return

Amended 2012 tax return Publication 3920 - Introductory Material Table of Contents Introduction Useful Items - You may want to see: Introduction This publication explains some of the provisions of the Victims of Terrorism Tax Relief Act of 2001. Amended 2012 tax return Under this Act, the federal income tax liability of those killed in the following attacks is forgiven for certain tax years. Amended 2012 tax return The April 19, 1995, attack on the Alfred P. Amended 2012 tax return Murrah Federal Building (Oklahoma City attack). Amended 2012 tax return The September 11, 2001, attacks on the World Trade Center, the Pentagon, and United Airlines Flight 93 in Somerset County, Pennsylvania (September 11 attacks). Amended 2012 tax return Terrorist attacks involving anthrax occurring after September 10, 2001, and before January 1, 2002 (anthrax attacks). Amended 2012 tax return The Act also provides other types of relief. Amended 2012 tax return For example, it provides that the following amounts are not included in income. Amended 2012 tax return Payments from the September 11th Victim Compensation Fund of 2001. Amended 2012 tax return Qualified disaster relief payments made after September 10, 2001, to cover personal, family, living, or funeral expenses incurred because of a terrorist attack. Amended 2012 tax return Certain disability payments received in tax years ending after September 10, 2001, for injuries sustained in a terrorist attack. Amended 2012 tax return Death benefits paid by an employer to the survivor of an employee if the benefits are paid because the employee died as a result of a terrorist attack. Amended 2012 tax return Debt cancellations made after September 10, 2001, and before January 1, 2002, because an individual died as a result of the September 11 attacks or anthrax attacks. Amended 2012 tax return Worksheet A. Amended 2012 tax return Figuring the Tax To Be Forgiven (For Decedents Who Filed a Return as Single, Married Filing Separately, Head of Household, or Qualifying Widow(er))         (A) First Eligible Year (1994 or 2000) (B) Second Eligible Year (1995 or 2001) (C) Third Eligible Year (1996 or 2002) 1 Enter the years eligible for tax forgiveness. Amended 2012 tax return 1       2 Enter the total tax from the decedent's income tax return. Amended 2012 tax return See Table 1 on page 5 for the line number for years before 2002. Amended 2012 tax return 2       3 Enter the following taxes, if any, shown on the decedent's income tax return. Amended 2012 tax return (These taxes are not eligible for forgiveness. Amended 2012 tax return )           a Self-employment tax. Amended 2012 tax return 3a         b Social security and Medicare tax on tip income not reported to employer. Amended 2012 tax return 3b         c Tax on excess contributions to IRAs, Coverdell education savings accounts (formerly Ed IRAs), or Archer MSAs (formerly medical savings accounts). Amended 2012 tax return 3c         d Tax on excess accumulation in qualified retirement plans. Amended 2012 tax return 3d         e Household employment taxes. Amended 2012 tax return 3e         f Uncollected social security and Medicare or RRTA tax on tips or group-term life insurance. Amended 2012 tax return 3f         g Tax on golden parachute payments. Amended 2012 tax return 3g       4 Add lines 3a through 3g. Amended 2012 tax return 4       5 Tax to be forgiven. Amended 2012 tax return Subtract line 4 from line 2. Amended 2012 tax return 5       Note. Amended 2012 tax return If the total of columns (A), (B), and (C) of line 5 (including any amounts shown on line 15 of Worksheet B) is less than $10,000, also complete Worksheet C. Amended 2012 tax return Attach the computation of the tax to be forgiven or a copy of this worksheet to the decedent's final income tax return or amended tax return (Form 1040X) for each year listed on line 1. Amended 2012 tax return If filing Form 1040X for an eligible year, enter the amount from line 5 above on Form 1040X in column B of line 10 as a decrease in tax. Amended 2012 tax return The IRS will determine the amount to be refunded. Amended 2012 tax return Worksheet A. Amended 2012 tax return Figuring the Tax To Be Forgiven (For Decedents Who Filed a Return as Single, Married Filing Separately, Head of Household, or Qualifying Widow(er))         (A) First Eligible Year (1994 or 2000) (B) Second Eligible Year (1995 or 2001) (C) Third Eligible Year (1996 or 2002) 1 Enter the years eligible for tax forgiveness. Amended 2012 tax return 1       2 Enter the total tax from the decedent's income tax return. Amended 2012 tax return See Table 1 on page 5 for the line number for years before 2002. Amended 2012 tax return 2       3 Enter the following taxes, if any, shown on the decedent's income tax return. Amended 2012 tax return (These taxes are not eligible for forgiveness. Amended 2012 tax return )           a Self-employment tax. Amended 2012 tax return 3a         b Social security and Medicare tax on tip income not reported to employer. Amended 2012 tax return 3b         c Tax on excess contributions to IRAs, Coverdell education savings accounts (formerly Ed IRAs), or Archer MSAs (formerly medical savings accounts). Amended 2012 tax return 3c         d Tax on excess accumulation in qualified retirement plans. Amended 2012 tax return 3d         e Household employment taxes. Amended 2012 tax return 3e         f Uncollected social security and Medicare or RRTA tax on tips or group-term life insurance. Amended 2012 tax return 3f         g Tax on golden parachute payments. Amended 2012 tax return 3g       4 Add lines 3a through 3g. Amended 2012 tax return 4       5 Tax to be forgiven. Amended 2012 tax return Subtract line 4 from line 2. Amended 2012 tax return 5       Note. Amended 2012 tax return If the total of columns (A), (B), and (C) of line 5 (including any amounts shown on line 15 of Worksheet B) is less than $10,000, also complete Worksheet C. Amended 2012 tax return Attach the computation of the tax to be forgiven or a copy of this worksheet to the decedent's final income tax return or amended tax return (Form 1040X) for each year listed on line 1. Amended 2012 tax return If filing Form 1040X for an eligible year, enter the amount from line 5 above on Form 1040X in column B of line 10 as a decrease in tax. Amended 2012 tax return The IRS will determine the amount to be refunded. Amended 2012 tax return Useful Items - You may want to see: Publication 547 Casualties, Disasters, and Thefts 559 Survivors, Executors, and Administrators Form (and Instructions) 706 United States Estate (and Generation- Skipping Transfer) Tax Return 1040 U. Amended 2012 tax return S. Amended 2012 tax return Individual Income Tax Return 1040NR U. Amended 2012 tax return S. Amended 2012 tax return Nonresident Alien Income Tax Return 1040X Amended U. Amended 2012 tax return S. Amended 2012 tax return Individual Income Tax Return 1041 U. Amended 2012 tax return S. Amended 2012 tax return Income Tax Return for Estates and Trusts 1310 Statement of Person Claiming Refund Due a Deceased Taxpayer 4506 Request for Copy or Transcript of Tax Form Prev  Up  Next   Home   More Online Publications