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Amended Michigan Tax Return

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Amended Michigan Tax Return

Amended michigan tax return Publication 538 - Main Content Table of Contents Accounting PeriodsCalendar Year Fiscal Year Short Tax Year Improper Tax Year Change in Tax Year Individuals Partnerships, S Corporations, and Personal Service Corporations (PSCs) Corporations (Other Than S Corporations and PSCs) Accounting MethodsSpecial methods. Amended michigan tax return Hybrid method. Amended michigan tax return Cash Method Accrual Method Inventories Change in Accounting Method How To Get Tax HelpLow Income Taxpayer Clinics (LITCs). Amended michigan tax return Accounting Periods You must use a tax year to figure your taxable income. Amended michigan tax return A tax year is an annual accounting period for keeping records and reporting income and expenses. Amended michigan tax return An annual accounting period does not include a short tax year (discussed later). Amended michigan tax return You can use the following tax years: A calendar year; or A fiscal year (including a 52-53-week tax year). Amended michigan tax return Unless you have a required tax year, you adopt a tax year by filing your first income tax return using that tax year. Amended michigan tax return A required tax year is a tax year required under the Internal Revenue Code or the Income Tax Regulations. Amended michigan tax return You cannot adopt a tax year by merely: Filing an application for an extension of time to file an income tax return; Filing an application for an employer identification number (Form SS-4); or Paying estimated taxes. Amended michigan tax return This section discusses: A calendar year. Amended michigan tax return A fiscal year (including a period of 52 or 53 weeks). Amended michigan tax return A short tax year. Amended michigan tax return An improper tax year. Amended michigan tax return A change in tax year. Amended michigan tax return Special situations that apply to individuals. Amended michigan tax return Restrictions that apply to the accounting period of a partnership, S corporation, or personal service corporation. Amended michigan tax return Special situations that apply to corporations. Amended michigan tax return Calendar Year A calendar year is 12 consecutive months beginning on January 1st and ending on December 31st. Amended michigan tax return If you adopt the calendar year, you must maintain your books and records and report your income and expenses from January 1st through December 31st of each year. Amended michigan tax return If you file your first tax return using the calendar tax year and you later begin business as a sole proprietor, become a partner in a partnership, or become a shareholder in an S corporation, you must continue to use the calendar year unless you obtain approval from the IRS to change it, or are otherwise allowed to change it without IRS approval. Amended michigan tax return See Change in Tax Year, later. Amended michigan tax return Generally, anyone can adopt the calendar year. Amended michigan tax return However, you must adopt the calendar year if: You keep no books or records; You have no annual accounting period; Your present tax year does not qualify as a fiscal year; or You are required to use a calendar year by a provision in the Internal Revenue Code or the Income Tax Regulations. Amended michigan tax return Fiscal Year A fiscal year is 12 consecutive months ending on the last day of any month except December 31st. Amended michigan tax return If you are allowed to adopt a fiscal year, you must consistently maintain your books and records and report your income and expenses using the time period adopted. Amended michigan tax return 52-53-Week Tax Year You can elect to use a 52-53-week tax year if you keep your books and records and report your income and expenses on that basis. Amended michigan tax return If you make this election, your 52-53-week tax year must always end on the same day of the week. Amended michigan tax return Your 52-53-week tax year must always end on: Whatever date this same day of the week last occurs in a calendar month, or Whatever date this same day of the week falls that is nearest to the last day of the calendar month. Amended michigan tax return For example, if you elect a tax year that always ends on the last Monday in March, your 2012 tax year will end on March 25, 2013. Amended michigan tax return Election. Amended michigan tax return   To make the election for the 52-53-week tax year, attach a statement with the following information to your tax return. Amended michigan tax return The month in which the new 52-53-week tax year ends. Amended michigan tax return The day of the week on which the tax year always ends. Amended michigan tax return The date the tax year ends. Amended michigan tax return It can be either of the following dates on which the chosen day: Last occurs in the month in (1), above, or Occurs nearest to the last day of the month in (1), above. Amended michigan tax return   When you figure depreciation or amortization, a 52-53-week tax year is generally considered a year of 12 calendar months. Amended michigan tax return   To determine an effective date (or apply provisions of any law) expressed in terms of tax years beginning, including, or ending on the first or last day of a specified calendar month, a 52-53-week tax year is considered to: Begin on the first day of the calendar month beginning nearest to the first day of the 52-53-week tax year, and End on the last day of the calendar month ending nearest to the last day of the 52-53-week tax year. Amended michigan tax return Example. Amended michigan tax return Assume a tax provision applies to tax years beginning on or after July 1, 2012, which happens to be a Sunday. Amended michigan tax return For this purpose, a 52-53-week tax year that begins on the last Tuesday of June, which falls on June 26, 2012, is treated as beginning on July 1, 2012. Amended michigan tax return Short Tax Year A short tax year is a tax year of less than 12 months. Amended michigan tax return A short period tax return may be required when you (as a taxable entity): Are not in existence for an entire tax year, or Change your accounting period. Amended michigan tax return Tax on a short period tax return is figured differently for each situation. Amended michigan tax return Not in Existence Entire Year Even if a taxable entity was not in existence for the entire year, a tax return is required for the time it was in existence. Amended michigan tax return Requirements for filing the return and figuring the tax are generally the same as the requirements for a return for a full tax year (12 months) ending on the last day of the short tax year. Amended michigan tax return Example 1. Amended michigan tax return XYZ Corporation was organized on July 1, 2012. Amended michigan tax return It elected the calendar year as its tax year. Amended michigan tax return Therefore, its first tax return was due March 15, 2013. Amended michigan tax return This short period return will cover the period from July 1, 2012, through December 31, 2012. Amended michigan tax return Example 2. Amended michigan tax return A calendar year corporation dissolved on July 23, 2012. Amended michigan tax return Its final return is due by October 15, 2012. Amended michigan tax return It will cover the short period from January 1, 2012, through July 23, 2012. Amended michigan tax return Death of individual. Amended michigan tax return   When an individual dies, a tax return must be filed for the decedent by the 15th day of the 4th month after the close of the individual's regular tax year. Amended michigan tax return The decedent's final return will be a short period tax return that begins on January 1st, and ends on the date of death. Amended michigan tax return In the case of a decedent who dies on December 31st, the last day of the regular tax year, a full calendar-year tax return is required. Amended michigan tax return Example. Amended michigan tax return   Agnes Green was a single, calendar year taxpayer. Amended michigan tax return She died on March 6, 2012. Amended michigan tax return Her final income tax return must be filed by April 15, 2013. Amended michigan tax return It will cover the short period from January 1, 2012, to March 6, 2012. Amended michigan tax return Figuring Tax for Short Year If the IRS approves a change in your tax year or you are required to change your tax year, you must figure the tax and file your return for the short tax period. Amended michigan tax return The short tax period begins on the first day after the close of your old tax year and ends on the day before the first day of your new tax year. Amended michigan tax return Figure tax for a short year under the general rule, explained below. Amended michigan tax return You may then be able to use a relief procedure, explained later, and claim a refund of part of the tax you paid. Amended michigan tax return General rule. Amended michigan tax return   Income tax for a short tax year must be annualized. Amended michigan tax return However, self-employment tax is figured on the actual self-employment income for the short period. Amended michigan tax return Individuals. Amended michigan tax return   An individual must figure income tax for the short tax year as follows. Amended michigan tax return Determine your adjusted gross income (AGI) for the short tax year and then subtract your actual itemized deductions for the short tax year. Amended michigan tax return You must itemize deductions when you file a short period tax return. Amended michigan tax return Multiply the dollar amount of your exemptions by the number of months in the short tax year and divide the result by 12. Amended michigan tax return Subtract the amount in (2) from the amount in (1). Amended michigan tax return The result is your modified taxable income. Amended michigan tax return Multiply the modified taxable income in (3) by 12, then divide the result by the number of months in the short tax year. Amended michigan tax return The result is your annualized income. Amended michigan tax return Figure the total tax on your annualized income using the appropriate tax rate schedule. Amended michigan tax return Multiply the total tax by the number of months in the short tax year and divide the result by 12. Amended michigan tax return The result is your tax for the short tax year. Amended michigan tax return Relief procedure. Amended michigan tax return   Individuals and corporations can use a relief procedure to figure the tax for the short tax year. Amended michigan tax return It may result in less tax. Amended michigan tax return Under this procedure, the tax is figured by two separate methods. Amended michigan tax return If the tax figured under both methods is less than the tax figured under the general rule, you can file a claim for a refund of part of the tax you paid. Amended michigan tax return For more information, see section 443(b)(2) of the Internal Revenue Code. Amended michigan tax return Alternative minimum tax. Amended michigan tax return   To figure the alternative minimum tax (AMT) due for a short tax year: Figure the annualized alternative minimum taxable income (AMTI) for the short tax period by completing the following steps. Amended michigan tax return Multiply the AMTI by 12. Amended michigan tax return Divide the result by the number of months in the short tax year. Amended michigan tax return Multiply the annualized AMTI by the appropriate rate of tax under section 55(b)(1) of the Internal Revenue Code. Amended michigan tax return The result is the annualized AMT. Amended michigan tax return Multiply the annualized AMT by the number of months in the short tax year and divide the result by 12. Amended michigan tax return   For information on the AMT for individuals, see the Instructions for Form 6251, Alternative Minimum Tax–Individuals. Amended michigan tax return For information on the AMT for corporations, see the Instructions to Form 4626, Alternative Minimum Tax–Corporations. Amended michigan tax return Tax withheld from wages. Amended michigan tax return   You can claim a credit against your income tax liability for federal income tax withheld from your wages. Amended michigan tax return Federal income tax is withheld on a calendar year basis. Amended michigan tax return The amount withheld in any calendar year is allowed as a credit for the tax year beginning in the calendar year. Amended michigan tax return Improper Tax Year Taxpayers that have adopted an improper tax year must change to a proper tax year. Amended michigan tax return For example, if a taxpayer began business on March 15 and adopted a tax year ending on March 14 (a period of exactly 12 months), this would be an improper tax year. Amended michigan tax return See Accounting Periods, earlier, for a description of permissible tax years. Amended michigan tax return To change to a proper tax year, you must do one of the following. Amended michigan tax return If you are requesting a change to a calendar tax year, file an amended income tax return based on a calendar tax year that corrects the most recently filed tax return that was filed on the basis of an improper tax year. Amended michigan tax return Attach a completed Form 1128 to the amended tax return. Amended michigan tax return Write “FILED UNDER REV. Amended michigan tax return PROC. Amended michigan tax return 85-15” at the top of Form 1128 and file the forms with the Internal Revenue Service Center where you filed your original return. Amended michigan tax return If you are requesting a change to a fiscal tax year, file Form 1128 in accordance with the form instructions to request IRS approval for the change. Amended michigan tax return Change in Tax Year Generally, you must file Form 1128 to request IRS approval to change your tax year. Amended michigan tax return See the Instructions for Form 1128 for exceptions. Amended michigan tax return If you qualify for an automatic approval request, a user fee is not required. Amended michigan tax return Individuals Generally, individuals must adopt the calendar year as their tax year. Amended michigan tax return An individual can adopt a fiscal year provided that the individual maintains his or her books and records on the basis of the adopted fiscal year. Amended michigan tax return Partnerships, S Corporations, and Personal Service Corporations (PSCs) Generally, partnerships, S corporations (including electing S corporations), and PSCs must use a required tax year. Amended michigan tax return A required tax year is a tax year that is required under the Internal Revenue Code and Income Tax Regulations. Amended michigan tax return The entity does not have to use the required tax year if it receives IRS approval to use another permitted tax year or makes an election under section 444 of the Internal Revenue Code (discussed later). Amended michigan tax return The following discussions provide the rules for partnerships, S corporations, and PSCs. Amended michigan tax return Partnership A partnership must conform its tax year to its partners' tax years unless any of the following apply. Amended michigan tax return The partnership makes an election under section 444 of the Internal Revenue Code to have a tax year other than a required tax year by filing Form 8716. Amended michigan tax return The partnership elects to use a 52-53-week tax year that ends with reference to either its required tax year or a tax year elected under section 444. Amended michigan tax return The partnership can establish a business purpose for a different tax year. Amended michigan tax return The rules for the required tax year for partnerships are as follows. Amended michigan tax return If one or more partners having the same tax year own a majority interest (more than 50%) in partnership profits and capital, the partnership must use the tax year of those partners. Amended michigan tax return If there is no majority interest tax year, the partnership must use the tax year of all its principal partners. Amended michigan tax return A principal partner is one who has a 5% or more interest in the profits or capital of the partnership. Amended michigan tax return If there is no majority interest tax year and the principal partners do not have the same tax year, the partnership generally must use a tax year that results in the least aggregate deferral of income to the partners. Amended michigan tax return If a partnership changes to a required tax year because of these rules, it can get automatic approval by filing Form 1128. Amended michigan tax return Least aggregate deferral of income. Amended michigan tax return   The tax year that results in the least aggregate deferral of income is determined as follows. Amended michigan tax return Figure the number of months of deferral for each partner using one partner's tax year. Amended michigan tax return Find the months of deferral by counting the months from the end of that tax year forward to the end of each other partner's tax year. Amended michigan tax return Multiply each partner's months of deferral figured in step (1) by that partner's share of interest in the partnership profits for the year used in step (1). Amended michigan tax return Add the amounts in step (2) to get the aggregate (total) deferral for the tax year used in step (1). Amended michigan tax return Repeat steps (1) through (3) for each partner's tax year that is different from the other partners' years. Amended michigan tax return   The partner's tax year that results in the lowest aggregate (total) number is the tax year that must be used by the partnership. Amended michigan tax return If the calculation results in more than one tax year qualifying as the tax year with the least aggregate deferral, the partnership can choose any one of those tax years as its tax year. Amended michigan tax return However, if one of the tax years that qualifies is the partnership's existing tax year, the partnership must retain that tax year. Amended michigan tax return Example. Amended michigan tax return A and B each have a 50% interest in partnership P, which uses a fiscal year ending June 30. Amended michigan tax return A uses the calendar year and B uses a fiscal year ending November 30. Amended michigan tax return P must change its tax year to a fiscal year ending November 30 because this results in the least aggregate deferral of income to the partners, as shown in the following table. Amended michigan tax return Year End 12/31: Year End Profits Interest Months of Deferral Interest × Deferral A 12/31 0. Amended michigan tax return 5 -0- -0- B 11/30 0. Amended michigan tax return 5 11 5. Amended michigan tax return 5 Total Deferral 5. Amended michigan tax return 5 Year End 11/30: Year End Profits Interest Months of Deferral Interest × Deferral A 12/31 0. Amended michigan tax return 5 1 0. Amended michigan tax return 5 B 11/30 0. Amended michigan tax return 5 -0- -0- Total Deferral 0. Amended michigan tax return 5 When determination is made. Amended michigan tax return   The determination of the tax year under the least aggregate deferral rules must generally be made at the beginning of the partnership's current tax year. Amended michigan tax return However, the IRS can require the partnership to use another day or period that will more accurately reflect the ownership of the partnership. Amended michigan tax return This could occur, for example, if a partnership interest was transferred for the purpose of qualifying for a particular tax year. Amended michigan tax return Short period return. Amended michigan tax return   When a partnership changes its tax year, a short period return must be filed. Amended michigan tax return The short period return covers the months between the end of the partnership's prior tax year and the beginning of its new tax year. Amended michigan tax return   If a partnership changes to the tax year resulting in the least aggregate deferral, it must file a Form 1128 with the short period return showing the computations used to determine that tax year. Amended michigan tax return The short period return must indicate at the top of page 1, “FILED UNDER SECTION 1. Amended michigan tax return 706-1. Amended michigan tax return ” More information. Amended michigan tax return   For more information about changing a partnership's tax year, and information about ruling requests, see the Instructions for Form 1128. Amended michigan tax return S Corporation All S corporations, regardless of when they became an S corporation, must use a permitted tax year. Amended michigan tax return A permitted tax year is any of the following. Amended michigan tax return The calendar year. Amended michigan tax return A tax year elected under section 444 of the Internal Revenue Code. Amended michigan tax return See Section 444 Election, below for details. Amended michigan tax return A 52-53-week tax year ending with reference to the calendar year or a tax year elected under section 444. Amended michigan tax return Any other tax year for which the corporation establishes a business purpose. Amended michigan tax return If an electing S corporation wishes to adopt a tax year other than a calendar year, it must request IRS approval using Form 2553, instead of filing Form 1128. Amended michigan tax return For information about changing an S corporation's tax year and information about ruling requests, see the Instructions for Form 1128. Amended michigan tax return Personal Service Corporation (PSC) A PSC must use a calendar tax year unless any of the following apply. Amended michigan tax return The corporation makes an election under section 444 of the Internal Revenue Code. Amended michigan tax return See Section 444 Election, below for details. Amended michigan tax return The corporation elects to use a 52-53-week tax year ending with reference to the calendar year or a tax year elected under section 444. Amended michigan tax return The corporation establishes a business purpose for a fiscal year. Amended michigan tax return See the Instructions for Form 1120 for general information about PSCs. Amended michigan tax return For information on adopting or changing tax years for PSCs and information about ruling requests, see the Instructions for Form 1128. Amended michigan tax return Section 444 Election A partnership, S corporation, electing S corporation, or PSC can elect under section 444 of the Internal Revenue Code to use a tax year other than its required tax year. Amended michigan tax return Certain restrictions apply to the election. Amended michigan tax return A partnership or an S corporation that makes a section 444 election must make certain required payments and a PSC must make certain distributions (discussed later). Amended michigan tax return The section 444 election does not apply to any partnership, S corporation, or PSC that establishes a business purpose for a different period, explained later. Amended michigan tax return A partnership, S corporation, or PSC can make a section 444 election if it meets all the following requirements. Amended michigan tax return It is not a member of a tiered structure (defined in section 1. Amended michigan tax return 444-2T of the regulations). Amended michigan tax return It has not previously had a section 444 election in effect. Amended michigan tax return It elects a year that meets the deferral period requirement. Amended michigan tax return Deferral period. Amended michigan tax return   The determination of the deferral period depends on whether the partnership, S corporation, or PSC is retaining its tax year or adopting or changing its tax year with a section 444 election. Amended michigan tax return Retaining tax year. Amended michigan tax return   Generally, a partnership, S corporation, or PSC can make a section 444 election to retain its tax year only if the deferral period of the new tax year is 3 months or less. Amended michigan tax return This deferral period is the number of months between the beginning of the retained year and the close of the first required tax year. Amended michigan tax return Adopting or changing tax year. Amended michigan tax return   If the partnership, S corporation, or PSC is adopting or changing to a tax year other than its required year, the deferral period is the number of months from the end of the new tax year to the end of the required tax year. Amended michigan tax return The IRS will allow a section 444 election only if the deferral period of the new tax year is less than the shorter of: Three months, or The deferral period of the tax year being changed. Amended michigan tax return This is the tax year immediately preceding the year for which the partnership, S corporation, or PSC wishes to make the section 444 election. Amended michigan tax return If the partnership, S corporation, or PSC's tax year is the same as its required tax year, the deferral period is zero. Amended michigan tax return Example 1. Amended michigan tax return BD Partnership uses a calendar year, which is also its required tax year. Amended michigan tax return BD cannot make a section 444 election because the deferral period is zero. Amended michigan tax return Example 2. Amended michigan tax return E, a newly formed partnership, began operations on December 1. Amended michigan tax return E is owned by calendar year partners. Amended michigan tax return E wants to make a section 444 election to adopt a September 30 tax year. Amended michigan tax return E's deferral period for the tax year beginning December 1 is 3 months, the number of months between September 30 and December 31. Amended michigan tax return Making the election. Amended michigan tax return   Make a section 444 election by filing Form 8716 with the Internal Revenue Service Center where the entity will file its tax return. Amended michigan tax return Form 8716 must be filed by the earlier of: The due date (not including extensions) of the income tax return for the tax year resulting from the section 444 election, or The 15th day of the 6th month of the tax year for which the election will be effective. Amended michigan tax return For this purpose, count the month in which the tax year begins, even if it begins after the first day of that month. Amended michigan tax return Note. Amended michigan tax return If the due date falls on a Saturday, Sunday, or legal holiday, file on the next business day. Amended michigan tax return   Attach a copy of Form 8716 to Form 1065, Form 1120S, or Form 1120 for the first tax year for which the election is made. Amended michigan tax return Example 1. Amended michigan tax return AB, a partnership, begins operations on September 13, 2012, and is qualified to make a section 444 election to use a September 30 tax year for its tax year beginning September 13, 2012. Amended michigan tax return AB must file Form 8716 by January 15, 2013, which is the due date of the partnership's tax return for the period from September 13, 2012, to September 30, 2012. Amended michigan tax return Example 2. Amended michigan tax return The facts are the same as in Example 1 except that AB begins operations on October 21, 2012. Amended michigan tax return AB must file Form 8716 by March 17, 2013. Amended michigan tax return Example 3. Amended michigan tax return B is a corporation that first becomes a PSC for its tax year beginning September 1, 2012. Amended michigan tax return B qualifies to make a section 444 election to use a September 30 tax year for its tax year beginning September 1, 2012. Amended michigan tax return B must file Form 8716 by December 17, 2012, the due date of the income tax return for the short period from September 1, 2012, to September 30, 2012. Amended michigan tax return Note. Amended michigan tax return The due dates in Examples 2 and 3 are adjusted because the dates fall on a Saturday, Sunday or legal holiday. Amended michigan tax return Extension of time for filing. Amended michigan tax return   There is an automatic extension of 12 months to make this election. Amended michigan tax return See the Form 8716 instructions for more information. Amended michigan tax return Terminating the election. Amended michigan tax return   The section 444 election remains in effect until it is terminated. Amended michigan tax return If the election is terminated, another section 444 election cannot be made for any tax year. Amended michigan tax return   The election ends when any of the following applies to the partnership, S corporation, or PSC. Amended michigan tax return The entity changes to its required tax year. Amended michigan tax return The entity liquidates. Amended michigan tax return The entity becomes a member of a tiered structure. Amended michigan tax return The IRS determines that the entity willfully failed to comply with the required payments or distributions. Amended michigan tax return   The election will also end if either of the following events occur. Amended michigan tax return An S corporation's S election is terminated. Amended michigan tax return However, if the S corporation immediately becomes a PSC, the PSC can continue the section 444 election of the S corporation. Amended michigan tax return A PSC ceases to be a PSC. Amended michigan tax return If the PSC elects to be an S corporation, the S corporation can continue the election of the PSC. Amended michigan tax return Required payment for partnership or S corporation. Amended michigan tax return   A partnership or an S corporation must make a required payment for any tax year: The section 444 election is in effect. Amended michigan tax return The required payment for that year (or any preceding tax year) is more than $500. Amended michigan tax return    This payment represents the value of the tax deferral the owners receive by using a tax year different from the required tax year. Amended michigan tax return   Form 8752, Required Payment or Refund Under Section 7519, must be filed each year the section 444 election is in effect, even if no payment is due. Amended michigan tax return If the required payment is more than $500 (or the required payment for any prior year was more than $500), the payment must be made when Form 8752 is filed. Amended michigan tax return If the required payment is $500 or less and no payment was required in a prior year, Form 8752 must be filed showing a zero amount. Amended michigan tax return Applicable election year. Amended michigan tax return   Any tax year a section 444 election is in effect, including the first year, is called an applicable election year. Amended michigan tax return Form 8752 must be filed and the required payment made (or zero amount reported) by May 15th of the calendar year following the calendar year in which the applicable election year begins. Amended michigan tax return Required distribution for PSC. Amended michigan tax return   A PSC with a section 444 election in effect must distribute certain amounts to employee-owners by December 31 of each applicable year. Amended michigan tax return If it fails to make these distributions, it may be required to defer certain deductions for amounts paid to owner-employees. Amended michigan tax return The amount deferred is treated as paid or incurred in the following tax year. Amended michigan tax return   For information on the minimum distribution, see the instructions for Part I of Schedule H (Form 1120), Section 280H Limitations for a Personal Service Corporation (PSC). Amended michigan tax return Back-up election. Amended michigan tax return   A partnership, S corporation, or PSC can file a back-up section 444 election if it requests (or plans to request) permission to use a business purpose tax year, discussed later. Amended michigan tax return If the request is denied, the back-up section 444 election must be activated (if the partnership, S corporation, or PSC otherwise qualifies). Amended michigan tax return Making back-up election. Amended michigan tax return   The general rules for making a section 444 election, as discussed earlier, apply. Amended michigan tax return When filing Form 8716, type or print “BACK-UP ELECTION” at the top of the form. Amended michigan tax return However, if Form 8716 is filed on or after the date Form 1128 (or Form 2553) is filed, type or print “FORM 1128 (or FORM 2553) BACK-UP ELECTION” at the top of Form 8716. Amended michigan tax return Activating election. Amended michigan tax return   A partnership or S corporation activates its back-up election by filing the return required and making the required payment with Form 8752. Amended michigan tax return The due date for filing Form 8752 and making the payment is the later of the following dates. Amended michigan tax return May 15 of the calendar year following the calendar year in which the applicable election year begins. Amended michigan tax return 60 days after the partnership or S corporation has been notified by the IRS that the business year request has been denied. Amended michigan tax return   A PSC activates its back-up election by filing Form 8716 with its original or amended income tax return for the tax year in which the election is first effective and printing on the top of the income tax return, “ACTIVATING BACK-UP ELECTION. Amended michigan tax return ” 52-53-Week Tax Year A partnership, S corporation, or PSC can use a tax year other than its required tax year if it elects a 52-53-week tax year (discussed earlier) that ends with reference to either its required tax year or a tax year elected under section 444 (discussed earlier). Amended michigan tax return A newly formed partnership, S corporation, or PSC can adopt a 52-53-week tax year ending with reference to either its required tax year or a tax year elected under section 444 without IRS approval. Amended michigan tax return However, if the entity wishes to change to a 52-53-week tax year or change from a 52-53-week tax year that references a particular month to a non-52-53-week tax year that ends on the last day of that month, it must request IRS approval by filing Form 1128. Amended michigan tax return Business Purpose Tax Year A partnership, S corporation, or PSC establishes the business purpose for a tax year by filing Form 1128. Amended michigan tax return See the Instructions for Form 1128 for details. Amended michigan tax return Corporations (Other Than S Corporations and PSCs) A new corporation establishes its tax year when it files its first tax return. Amended michigan tax return A newly reactivated corporation that has been inactive for a number of years is treated as a new taxpayer for the purpose of adopting a tax year. Amended michigan tax return An S corporation or a PSC must use the required tax year rules, discussed earlier, to establish a tax year. Amended michigan tax return Generally, a corporation that wants to change its tax year must obtain approval from the IRS under either the: (a) automatic approval procedures; or (b) ruling request procedures. Amended michigan tax return See the Instructions for Form 1128 for details. Amended michigan tax return Accounting Methods An accounting method is a set of rules used to determine when income and expenses are reported on your tax return. Amended michigan tax return Your accounting method includes not only your overall method of accounting, but also the accounting treatment you use for any material item. Amended michigan tax return You choose an accounting method when you file your first tax return. Amended michigan tax return If you later want to change your accounting method, you must get IRS approval. Amended michigan tax return See Change in Accounting Method, later. Amended michigan tax return No single accounting method is required of all taxpayers. Amended michigan tax return You must use a system that clearly reflects your income and expenses and you must maintain records that will enable you to file a correct return. Amended michigan tax return In addition to your permanent accounting books, you must keep any other records necessary to support the entries on your books and tax returns. Amended michigan tax return You must use the same accounting method from year to year. Amended michigan tax return An accounting method clearly reflects income only if all items of gross income and expenses are treated the same from year to year. Amended michigan tax return If you do not regularly use an accounting method that clearly reflects your income, your income will be refigured under the method that, in the opinion of the IRS, does clearly reflect income. Amended michigan tax return Methods you can use. Amended michigan tax return   In general, you can compute your taxable income under any of the following accounting methods. Amended michigan tax return Cash method. Amended michigan tax return Accrual method. Amended michigan tax return Special methods of accounting for certain items of income and expenses. Amended michigan tax return A hybrid method which combines elements of two or more of the above accounting methods. Amended michigan tax return The cash and accrual methods of accounting are explained later. Amended michigan tax return Special methods. Amended michigan tax return   This publication does not discuss special methods of accounting for certain items of income or expenses. Amended michigan tax return For information on reporting income using one of the long-term contract methods, see section 460 of the Internal Revenue Code and the related regulations. Amended michigan tax return The following publications also discuss special methods of reporting income or expenses. Amended michigan tax return Publication 225, Farmer's Tax Guide. Amended michigan tax return Publication 535, Business Expenses. Amended michigan tax return Publication 537, Installment Sales. Amended michigan tax return Publication 946, How To Depreciate Property. Amended michigan tax return Hybrid method. Amended michigan tax return   Generally, you can use any combination of cash, accrual, and special methods of accounting if the combination clearly reflects your income and you use it consistently. Amended michigan tax return However, the following restrictions apply. Amended michigan tax return If an inventory is necessary to account for your income, you must use an accrual method for purchases and sales. Amended michigan tax return See Exceptions under Inventories, later. Amended michigan tax return Generally, you can use the cash method for all other items of income and expenses. Amended michigan tax return See Inventories, later. Amended michigan tax return If you use the cash method for reporting your income, you must use the cash method for reporting your expenses. Amended michigan tax return If you use an accrual method for reporting your expenses, you must use an accrual method for figuring your income. Amended michigan tax return Any combination that includes the cash method is treated as the cash method for purposes of section 448 of the Internal Revenue Code. Amended michigan tax return Business and personal items. Amended michigan tax return   You can account for business and personal items using different accounting methods. Amended michigan tax return For example, you can determine your business income and expenses under an accrual method, even if you use the cash method to figure personal items. Amended michigan tax return Two or more businesses. Amended michigan tax return   If you operate two or more separate and distinct businesses, you can use a different accounting method for each business. Amended michigan tax return No business is separate and distinct, unless a complete and separate set of books and records is maintained for each business. Amended michigan tax return Note. Amended michigan tax return If you use different accounting methods to create or shift profits or losses between businesses (for example, through inventory adjustments, sales, purchases, or expenses) so that income is not clearly reflected, the businesses will not be considered separate and distinct. Amended michigan tax return Cash Method Most individuals and many small businesses use the cash method of accounting. Amended michigan tax return Generally, if you produce, purchase, or sell merchandise, you must keep an inventory and use an accrual method for sales and purchases of merchandise. Amended michigan tax return See Inventories, later, for exceptions to this rule. Amended michigan tax return Income Under the cash method, you include in your gross income all items of income you actually or constructively receive during the tax year. Amended michigan tax return If you receive property and services, you must include their fair market value (FMV) in income. Amended michigan tax return Constructive receipt. Amended michigan tax return   Income is constructively received when an amount is credited to your account or made available to you without restriction. Amended michigan tax return You need not have possession of it. Amended michigan tax return If you authorize someone to be your agent and receive income for you, you are considered to have received it when your agent receives it. Amended michigan tax return Income is not constructively received if your control of its receipt is subject to substantial restrictions or limitations. Amended michigan tax return Example. Amended michigan tax return You are a calendar year taxpayer. Amended michigan tax return Your bank credited, and made available, interest to your bank account in December 2012. Amended michigan tax return You did not withdraw it or enter it into your books until 2013. Amended michigan tax return You must include the amount in gross income for 2012, the year you constructively received it. Amended michigan tax return You cannot hold checks or postpone taking possession of similar property from one tax year to another to postpone paying tax on the income. Amended michigan tax return You must report the income in the year the property is received or made available to you without restriction. Amended michigan tax return Expenses Under the cash method, generally, you deduct expenses in the tax year in which you actually pay them. Amended michigan tax return This includes business expenses for which you contest liability. Amended michigan tax return However, you may not be able to deduct an expense paid in advance. Amended michigan tax return Instead, you may be required to capitalize certain costs, as explained later under Uniform Capitalization Rules. Amended michigan tax return Expense paid in advance. Amended michigan tax return   An expense you pay in advance is deductible only in the year to which it applies, unless the expense qualifies for the 12-month rule. Amended michigan tax return   Under the 12-month rule, a taxpayer is not required to capitalize amounts paid to create certain rights or benefits for the taxpayer that do not extend beyond the earlier of the following. Amended michigan tax return 12 months after the right or benefit begins, or The end of the tax year after the tax year in which payment is made. Amended michigan tax return   If you have not been applying the general rule (an expense paid in advance is deductible only in the year to which it applies) and/or the 12-month rule to the expenses you paid in advance, you must obtain approval from the IRS before using the general rule and/or the 12-month rule. Amended michigan tax return See Change in Accounting Method, later. Amended michigan tax return Example 1. Amended michigan tax return You are a calendar year taxpayer and pay $3,000 in 2012 for a business insurance policy that is effective for three years (36 months), beginning on July 1, 2012. Amended michigan tax return The general rule that an expense paid in advance is deductible only in the year to which it applies is applicable to this payment because the payment does not qualify for the 12-month rule. Amended michigan tax return Therefore, only $500 (6/36 x $3,000) is deductible in 2012, $1,000 (12/36 x $3,000) is deductible in 2013, $1,000 (12/36 x $3,000) is deductible in 2014, and the remaining $500 is deductible in 2015. Amended michigan tax return Example 2. Amended michigan tax return You are a calendar year taxpayer and pay $10,000 on July 1, 2012, for a business insurance policy that is effective for only one year beginning on July 1, 2012. Amended michigan tax return The 12-month rule applies. Amended michigan tax return Therefore, the full $10,000 is deductible in 2012. Amended michigan tax return Excluded Entities The following entities cannot use the cash method, including any combination of methods that includes the cash method. Amended michigan tax return (See Special rules for farming businesses, later. Amended michigan tax return ) A corporation (other than an S corporation) with average annual gross receipts exceeding $5 million. Amended michigan tax return See Gross receipts test, below. Amended michigan tax return A partnership with a corporation (other than an S corporation) as a partner, and with the partnership having average annual gross receipts exceeding $5 million. Amended michigan tax return See Gross receipts test, below. Amended michigan tax return A tax shelter. Amended michigan tax return Exceptions The following entities are not prohibited from using the cash method of accounting. Amended michigan tax return Any corporation or partnership, other than a tax shelter, that meets the gross receipts test for all tax years after 1985. Amended michigan tax return A qualified personal service corporation (PSC). Amended michigan tax return Gross receipts test. Amended michigan tax return   A corporation or partnership, other than a tax shelter, that meets the gross receipts test can generally use the cash method. Amended michigan tax return A corporation or a partnership meets the test if, for each prior tax year beginning after 1985, its average annual gross receipts are $5 million or less. Amended michigan tax return    An entity's average annual gross receipts for a prior tax year is determined by: Adding the gross receipts for that tax year and the 2 preceding tax years; and Dividing the total by 3. Amended michigan tax return See Gross receipts test for qualifying taxpayers, for more information. Amended michigan tax return Generally, a partnership applies the test at the partnership level. Amended michigan tax return Gross receipts for a short tax year are annualized. Amended michigan tax return Aggregation rules. Amended michigan tax return   Organizations that are members of an affiliated service group or a controlled group of corporations treated as a single employer for tax purposes are required to aggregate their gross receipts to determine whether the gross receipts test is met. Amended michigan tax return Change to accrual method. Amended michigan tax return   A corporation or partnership that fails to meet the gross receipts test for any tax year is prohibited from using the cash method and must change to an accrual method of accounting, effective for the tax year in which the entity fails to meet this test. Amended michigan tax return Special rules for farming businesses. Amended michigan tax return   Generally, a taxpayer engaged in the trade or business of farming is allowed to use the cash method for its farming business. Amended michigan tax return However, certain corporations (other than S corporations) and partnerships that have a partner that is a corporation must use an accrual method for their farming business. Amended michigan tax return For this purpose, farming does not include the operation of a nursery or sod farm or the raising or harvesting of trees (other than fruit and nut trees). Amended michigan tax return   There is an exception to the requirement to use an accrual method for corporations with gross receipts of $1 million or less for each prior tax year after 1975. Amended michigan tax return For family corporations engaged in farming, the exception applies if gross receipts were $25 million or less for each prior tax year after 1985. Amended michigan tax return See chapter 2 of Publication 225, Farmer's Tax Guide, for more information. Amended michigan tax return Qualified PSC. Amended michigan tax return   A PSC that meets the following function and ownership tests can use the cash method. Amended michigan tax return Function test. Amended michigan tax return   A corporation meets the function test if at least 95% of its activities are in the performance of services in the fields of health, veterinary services, law, engineering (including surveying and mapping), architecture, accounting, actuarial science, performing arts, or consulting. Amended michigan tax return Ownership test. Amended michigan tax return   A corporation meets the ownership test if at least 95% of its stock is owned, directly or indirectly, at all times during the year by one or more of the following. Amended michigan tax return Employees performing services for the corporation in a field qualifying under the function test. Amended michigan tax return Retired employees who had performed services in those fields. Amended michigan tax return The estate of an employee described in (1) or (2). Amended michigan tax return Any other person who acquired the stock by reason of the death of an employee referred to in (1) or (2), but only for the 2-year period beginning on the date of death. Amended michigan tax return   Indirect ownership is generally taken into account if the stock is owned indirectly through one or more partnerships, S corporations, or qualified PSCs. Amended michigan tax return Stock owned by one of these entities is considered owned by the entity's owners in proportion to their ownership interest in that entity. Amended michigan tax return Other forms of indirect stock ownership, such as stock owned by family members, are generally not considered when determining if the ownership test is met. Amended michigan tax return   For purposes of the ownership test, a person is not considered an employee of a corporation unless that person performs more than minimal services for the corporation. Amended michigan tax return Change to accrual method. Amended michigan tax return   A corporation that fails to meet the function test for any tax year; or fails to meet the ownership test at any time during any tax year must change to an accrual method of accounting, effective for the year in which the corporation fails to meet either test. Amended michigan tax return A corporation that fails to meet the function test or the ownership test is not treated as a qualified PSC for any part of that tax year. Amended michigan tax return Accrual Method Under the accrual method of accounting, generally you report income in the year it is earned and deduct or capitalize expenses in the year incurred. Amended michigan tax return The purpose of an accrual method of accounting is to match income and expenses in the correct year. Amended michigan tax return Income Generally, you include an amount in gross income for the tax year in which all events that fix your right to receive the income have occurred and you can determine the amount with reasonable accuracy. Amended michigan tax return Under this rule, you report an amount in your gross income on the earliest of the following dates. Amended michigan tax return When you receive payment. Amended michigan tax return When the income amount is due to you. Amended michigan tax return When you earn the income. Amended michigan tax return When title has passed. Amended michigan tax return Estimated income. Amended michigan tax return   If you include a reasonably estimated amount in gross income and later determine the exact amount is different, take the difference into account in the tax year you make that determination. Amended michigan tax return Change in payment schedule. Amended michigan tax return   If you perform services for a basic rate specified in a contract, you must accrue the income at the basic rate, even if you agree to receive payments at a reduced rate. Amended michigan tax return Continue this procedure until you complete the services, then account for the difference. Amended michigan tax return Advance Payment for Services Generally, you report an advance payment for services to be performed in a later tax year as income in the year you receive the payment. Amended michigan tax return However, if you receive an advance payment for services you agree to perform by the end of the next tax year, you can elect to postpone including the advance payment in income until the next tax year. Amended michigan tax return However, you cannot postpone including any payment beyond that tax year. Amended michigan tax return Service agreement. Amended michigan tax return   You can postpone reporting income from an advance payment you receive for a service agreement on property you sell, lease, build, install, or construct. Amended michigan tax return This includes an agreement providing for incidental replacement of parts or materials. Amended michigan tax return However, this applies only if you offer the property without a service agreement in the normal course of business. Amended michigan tax return Postponement not allowed. Amended michigan tax return   Generally, one cannot postpone including an advance payment in income for services if either of the following applies. Amended michigan tax return You are to perform any part of the service after the end of the tax year immediately following the year you receive the advance payment. Amended michigan tax return You are to perform any part of the service at any unspecified future date that may be after the end of the tax year immediately following the year you receive the advance payment. Amended michigan tax return Examples. Amended michigan tax return   In each of the following examples, assume the tax year is a calendar year and that the accrual method of accounting is used. Amended michigan tax return Example 1. Amended michigan tax return You manufacture, sell, and service computers. Amended michigan tax return You received payment in 2012 for a one-year contingent service contract on a computer you sold. Amended michigan tax return You can postpone including in income the part of the payment you did not earn in 2012 if, in the normal course of your business, you offer computers for sale without a contingent service contract. Amended michigan tax return Example 2. Amended michigan tax return You are in the television repair business. Amended michigan tax return You received payments in 2012 for one-year contracts under which you agree to repair or replace certain parts that fail to function properly in television sets manufactured and sold by unrelated parties. Amended michigan tax return You include the payments in gross income as you earn them. Amended michigan tax return Example 3. Amended michigan tax return You own a dance studio. Amended michigan tax return On October 1, 2012, you receive payment for a one-year contract for 48 one-hour lessons beginning on that date. Amended michigan tax return You give eight lessons in 2012. Amended michigan tax return Under this method of including advance payments, you must include one-sixth (8/48) of the payment in income for 2012, and five-sixths (40/48) of the payment in 2013, even if you do not give all the lessons by the end of 2013. Amended michigan tax return Example 4. Amended michigan tax return Assume the same facts as in Example 3, except the payment is for a two-year contract for 96 lessons. Amended michigan tax return You must include the entire payment in income in 2012 since part of the services may be performed after the following year. Amended michigan tax return Guarantee or warranty. Amended michigan tax return   Generally, you cannot postpone reporting income you receive under a guarantee or warranty contract. Amended michigan tax return Prepaid rent. Amended michigan tax return   You cannot postpone reporting income from prepaid rent. Amended michigan tax return Prepaid rent does not include payment for the use of a room or other space when significant service is also provided for the occupant. Amended michigan tax return You provide significant service when you supply space in a hotel, boarding house, tourist home, motor court, motel, or apartment house that furnishes hotel services. Amended michigan tax return Books and records. Amended michigan tax return   Any advance payment you include in gross receipts on your tax return for the year you receive payment must not be less than the payment you include in income for financial reports under the method of accounting used for those reports. Amended michigan tax return Financial reports include reports to shareholders, partners, beneficiaries, and other proprietors for credit purposes and consolidated financial statements. Amended michigan tax return IRS approval. Amended michigan tax return   You must file Form 3115 to obtain IRS approval to change your method of accounting for advance payment for services. Amended michigan tax return Advance Payment for Sales Special rules apply to including income from advance payments on agreements for future sales or other dispositions of goods held primarily for sale to customers in the ordinary course of your trade or business. Amended michigan tax return However, the rules do not apply to a payment (or part of a payment) for services that are not an integral part of the main activities covered under the agreement. Amended michigan tax return An agreement includes a gift certificate that can be redeemed for goods. Amended michigan tax return Amounts due and payable are considered received. Amended michigan tax return How to report payments. Amended michigan tax return   Generally, include an advance payment in income in the year in which you receive it. Amended michigan tax return However, you can use the alternative method, discussed next. Amended michigan tax return Alternative method of reporting. Amended michigan tax return   Under the alternative method, generally include an advance payment in income in the earlier tax year in which you: Include advance payments in gross receipts under the method of accounting you use for tax purposes, or Include any part of advance payments in income for financial reports under the method of accounting used for those reports. Amended michigan tax return Financial reports include reports to shareholders, partners, beneficiaries, and other proprietors for credit purposes and consolidated financial statements. Amended michigan tax return Example 1. Amended michigan tax return You are a retailer. Amended michigan tax return You use an accrual method of accounting and account for the sale of goods when you ship the goods. Amended michigan tax return You use this method for both tax and financial reporting purposes. Amended michigan tax return You can include advance payments in gross receipts for tax purposes in either: (a) the tax year in which you receive the payments; or (b) the tax year in which you ship the goods. Amended michigan tax return However, see Exception for inventory goods, later. Amended michigan tax return Example 2. Amended michigan tax return You are a calendar year taxpayer. Amended michigan tax return You manufacture household furniture and use an accrual method of accounting. Amended michigan tax return Under this method, you accrue income for your financial reports when you ship the furniture. Amended michigan tax return For tax purposes, you do not accrue income until the furniture has been delivered and accepted. Amended michigan tax return In 2012, you received an advance payment of $8,000 for an order of furniture to be manufactured for a total price of $20,000. Amended michigan tax return You shipped the furniture to the customer in December 2012, but it was not delivered and accepted until January 2013. Amended michigan tax return For tax purposes, you include the $8,000 advance payment in gross income for 2012; and include the remaining $12,000 of the contract price in gross income for 2013. Amended michigan tax return Information schedule. Amended michigan tax return   If you use the alternative method of reporting advance payments, you must attach a statement with the following information to your tax return each year. Amended michigan tax return Total advance payments received in the current tax year. Amended michigan tax return Total advance payments received in earlier tax years and not included in income before the current tax year. Amended michigan tax return Total payments received in earlier tax years included in income for the current tax year. Amended michigan tax return Exception for inventory goods. Amended michigan tax return   If you have an agreement to sell goods properly included in inventory, you can postpone including the advance payment in income until the end of the second tax year following the year you receive an advance payment if, on the last day of the tax year, you meet the following requirements. Amended michigan tax return You account for the advance payment under the alternative method (discussed earlier). Amended michigan tax return You have received a substantial advance payment on the agreement (discussed next). Amended michigan tax return You have enough substantially similar goods on hand, or available through your normal source of supply, to satisfy the agreement. Amended michigan tax return These rules also apply to an agreement, such as a gift certificate, that can be satisfied with goods that cannot be identified in the tax year you receive an advance payment. Amended michigan tax return   If you meet these conditions, all advance payments you receive by the end of the second tax year, including payments received in prior years but not reported, must be included in income by the second tax year following the tax year of receipt of substantial advance payments. Amended michigan tax return You must also deduct in that second year all actual or estimated costs for the goods required to satisfy the agreement. Amended michigan tax return If you estimated the cost, you must take into account any difference between the estimate and the actual cost when the goods are delivered. Amended michigan tax return Note. Amended michigan tax return You must report any advance payments you receive after the second year in the year received. Amended michigan tax return No further deferral is allowed. Amended michigan tax return Substantial advance payments. Amended michigan tax return   Under an agreement for a future sale, you have substantial advance payments if, by the end of the tax year, the total advance payments received during that year and preceding tax years are equal to or more than the total costs reasonably estimated to be includible in inventory because of the agreement. Amended michigan tax return Example. Amended michigan tax return You are a calendar year, accrual method taxpayer who accounts for advance payments under the alternative method. Amended michigan tax return In 2008, you entered into a contract for the sale of goods properly includible in your inventory. Amended michigan tax return The total contract price is $50,000 and you estimate that your total inventoriable costs for the goods will be $25,000. Amended michigan tax return You receive the following advance payments under the contract. Amended michigan tax return 2009 $17,500 2010 10,000 2011 7,500 2012 5,000 2013 5,000 2014 5,000 Total contract price $50,000   Your customer asked you to deliver the goods in 2015. Amended michigan tax return In your 2010 closing inventory, you had on hand enough of the type of goods specified in the contract to satisfy the contract. Amended michigan tax return Since the advance payments you had received by the end of 2010 were more than the costs you estimated, the payments are substantial advance payments. Amended michigan tax return   For 2012, include in income all payments you received by the end of 2012, the second tax year following the tax year in which you received substantial advance payments. Amended michigan tax return You must include $40,000 in sales for 2012 (the total amounts received from 2009 through 2012) and include in inventory the cost of the goods (or similar goods) on hand. Amended michigan tax return If no such goods are on hand, then estimate the cost necessary to satisfy the contract. Amended michigan tax return   No further deferral is allowed. Amended michigan tax return You must include in gross income the advance payment you receive each remaining year of the contract. Amended michigan tax return Take into account the difference between any estimated cost of goods sold and the actual cost when you deliver the goods in 2015. Amended michigan tax return IRS approval. Amended michigan tax return   You must file Form 3115 to obtain IRS approval to change your method of accounting for advance payments for sales. Amended michigan tax return Expenses Under an accrual method of accounting, you generally deduct or capitalize a business expense when both the following apply. Amended michigan tax return The all-events test has been met. Amended michigan tax return The test is met when: All events have occurred that fix the fact of liability, and The liability can be determined with reasonable accuracy. Amended michigan tax return Economic performance has occurred. Amended michigan tax return Economic Performance Generally, you cannot deduct or capitalize a business expense until economic performance occurs. Amended michigan tax return If your expense is for property or services provided to you, or for your use of property, economic performance occurs as the property or services are provided or the property is used. Amended michigan tax return If your expense is for property or services you provide to others, economic performance occurs as you provide the property or services. Amended michigan tax return Example. Amended michigan tax return You are a calendar year taxpayer. Amended michigan tax return You buy office supplies in December 2012. Amended michigan tax return You receive the supplies and the bill in December, but you pay the bill in January 2013. Amended michigan tax return You can deduct the expense in 2012 because all events have occurred to fix the liability, the amount of the liability can be determined, and economic performance occurred in 2012. Amended michigan tax return Your office supplies may qualify as a recurring item, discussed later. Amended michigan tax return If so, you can deduct them in 2012, even if the supplies are not delivered until 2013 (when economic performance occurs). Amended michigan tax return Workers' compensation and tort liability. Amended michigan tax return   If you are required to make payments under workers' compensation laws or in satisfaction of any tort liability, economic performance occurs as you make the payments. Amended michigan tax return If you are required to make payments to a special designated settlement fund established by court order for a tort liability, economic performance occurs as you make the payments. Amended michigan tax return Taxes. Amended michigan tax return   Economic performance generally occurs as estimated income tax, property taxes, employment taxes, etc. Amended michigan tax return are paid. Amended michigan tax return However, you can elect to treat taxes as a recurring item, discussed later. Amended michigan tax return You can also elect to ratably accrue real estate taxes. Amended michigan tax return See chapter 5 of Publication 535 for information about real estate taxes. Amended michigan tax return Other liabilities. Amended michigan tax return   Other liabilities for which economic performance occurs as you make payments include liabilities for breach of contract (to the extent of incidental, consequential, and liquidated damages), violation of law, rebates and refunds, awards, prizes, jackpots, insurance, and warranty and service contracts. Amended michigan tax return Interest. Amended michigan tax return   Economic performance occurs with the passage of time (as the borrower uses, and the lender forgoes use of, the lender's money) rather than as payments are made. Amended michigan tax return Compensation for services. Amended michigan tax return   Generally, economic performance occurs as an employee renders service to the employer. Amended michigan tax return However, deductions for compensation or other benefits paid to an employee in a year subsequent to economic performance are subject to the rules governing deferred compensation, deferred benefits, and funded welfare benefit plans. Amended michigan tax return For information on employee benefit programs, see Publication 15-B, Employer's Tax Guide to Fringe Benefits. Amended michigan tax return Vacation pay. Amended michigan tax return   You can take a current deduction for vacation pay earned by your employees if you pay it during the year or, if the amount is vested, within 2½ months after the end of the year. Amended michigan tax return If you pay it later than this, you must deduct it in the year actually paid. Amended michigan tax return An amount is vested if your right to it cannot be nullified or cancelled. Amended michigan tax return Exception for recurring items. Amended michigan tax return   An exception to the economic performance rule allows certain recurring items to be treated as incurred during the tax year even though economic performance has not occurred. Amended michigan tax return The exception applies if all the following requirements are met. Amended michigan tax return The all-events test, discussed earlier, is met. Amended michigan tax return Economic performance occurs by the earlier of the following dates. Amended michigan tax return 8½ months after the close of the year. Amended michigan tax return The date you file a timely return (including extensions) for the year. Amended michigan tax return The item is recurring in nature and you consistently treat similar items as incurred in the tax year in which the all-events test is met. Amended michigan tax return Either: The item is not material, or Accruing the item in the year in which the all-events test is met results in a better match against income than accruing the item in the year of economic performance. Amended michigan tax return This exception does not apply to workers' compensation or tort liabilities. Amended michigan tax return Amended return. Amended michigan tax return   You may be able to file an amended return and treat a liability as incurred under the recurring item exception. Amended michigan tax return You can do so if economic performance for the liability occurs after you file your tax return for the year, but within 8½ months after the close of the tax year. Amended michigan tax return Recurrence and consistency. Amended michigan tax return   To determine whether an item is recurring and consistently reported, consider the frequency with which the item and similar items are incurred (or expected to be incurred) and how you report these items for tax purposes. Amended michigan tax return A new expense or an expense not incurred every year can be treated as recurring if it is reasonable to expect that it will be incurred regularly in the future. Amended michigan tax return Materiality. Amended michigan tax return   Factors to consider in determining the materiality of a recurring item include the size of the item (both in absolute terms and in relation to your income and other expenses) and the treatment of the item on your financial statements. Amended michigan tax return   An item considered material for financial statement purposes is also considered material for tax purposes. Amended michigan tax return However, in certain situations an immaterial item for financial accounting purposes is treated as material for purposes of economic performance. Amended michigan tax return Matching expenses with income. Amended michigan tax return   Costs directly associated with the revenue of a period are properly allocable to that period. Amended michigan tax return To determine whether the accrual of an expense in a particular year results in a better match with the income to which it relates, generally accepted accounting principles (GAAP; visit www. Amended michigan tax return fasab. Amended michigan tax return gov/accepted. Amended michigan tax return html) are an important factor. Amended michigan tax return   For example, if you report sales income in the year of sale, but you do not ship the goods until the following year, the shipping costs are more properly matched to income in the year of sale than the year the goods are shipped. Amended michigan tax return Expenses that cannot be practically associated with income of a particular period, such as advertising costs, should be assigned to the period the costs are incurred. Amended michigan tax return However, the matching requirement is considered met for certain types of expenses. Amended michigan tax return These expenses include taxes, payments under insurance, warranty, and service contracts, rebates, refunds, awards, prizes, and jackpots. Amended michigan tax return Expenses Paid in Advance An expense you pay in advance is deductible only in the year to which it applies, unless the expense qualifies for the 12-month rule. Amended michigan tax return Under the 12-month rule, a taxpayer is not required to capitalize amounts paid to create certain rights or benefits for the taxpayer that do not extend beyond the earlier of the following. Amended michigan tax return 12 months after the right or benefit begins, or The end of the tax year after the tax year in which payment is made. Amended michigan tax return If you have not been applying the general rule (an expense paid in advance is deductible only in the year to which it applies) and/or the 12-month rule to the expenses you paid in advance, you must get IRS approval before using the general rule and/or the 12-month rule. Amended michigan tax return See Change in Accounting Method, later, for information on how to get IRS approval. Amended michigan tax return See Expense paid in advance under Cash Method, earlier, for examples illustrating the application of the general and 12-month rules. Amended michigan tax return Related Persons Business expenses and interest owed to a related person who uses the cash method of accounting are not deductible until you make the payment and the corresponding amount is includible in the related person's gross income. Amended michigan tax return Determine the relationship for this rule as of the end of the tax year for which the expense or interest would otherwise be deductible. Amended michigan tax return See section 267 of the Internal Revenue Code and Publication 542, Corporations, for the definition of related person. Amended michigan tax return Inventories An inventory is necessary to clearly show income when the production, purchase, or sale of merchandise is an income-producing factor. Amended michigan tax return If you must account for an inventory in your business, you must use an accrual method of accounting for your purchases and sales. Amended michigan tax return However, see Exceptions, next. Amended michigan tax return See also Accrual Method, earlier. Amended michigan tax return To figure taxable income, you must value your inventory at the beginning and end of each tax year. Amended michigan tax return To determine the value, you need a method for identifying the items in your inventory and a method for valuing these items. Amended michigan tax return See Identifying Cost and Valuing Inventory, later. Amended michigan tax return The rules for valuing inventory are not the same for all businesses. Amended michigan tax return The method you use must conform to generally accepted accounting principles for similar businesses and must clearly reflect income. Amended michigan tax return Your inventory practices must be consistent from year to year. Amended michigan tax return The rules discussed here apply only if they do not conflict with the uniform capitalization rules of section 263A and the mark-to-market rules of section 475. Amended michigan tax return Exceptions The following taxpayers can use the cash method of accounting even if they produce, purchase, or sell merchandise. Amended michigan tax return These taxpayers can also account for inventoriable items as materials and supplies that are not incidental (discussed later). Amended michigan tax return A qualifying taxpayer under Revenue Procedure 2001-10 on page 272 of Internal Revenue Bulletin 2001-2, available at www. Amended michigan tax return irs. Amended michigan tax return gov/pub/irs-irbs/irb01–02. Amended michigan tax return pdf. Amended michigan tax return A qualifying small business taxpayer under Revenue Procedure 2002-28, on page 815 of Internal Revenue Bulletin 2002-18, available at www. Amended michigan tax return irs. Amended michigan tax return gov/pub/irs-irbs/irb02–18. Amended michigan tax return pdf. Amended michigan tax return In addition to the information provided in this publication, you should see the revenue procedures referenced in the list, above, and the instructions for Form 3115 for information you will need to adopt or change to these accounting methods (see Changing methods, later). Amended michigan tax return Qualifying taxpayer. Amended michigan tax return   You are a qualifying taxpayer under Revenue Procedure 2001-10 only if: You satisfy the gross receipts test for each prior tax year ending on or after December 17, 1998 (see Gross receipts test for qualifying taxpayers, next). Amended michigan tax return Your average annual gross receipts for each test year (explained in Step 1, listed next) must be $1 million or less. Amended michigan tax return You are not a tax shelter as defined under section 448(d)(3) of the Internal Revenue Code. Amended michigan tax return Gross receipts test for qualifying taxpayers. Amended michigan tax return   To determine if you meet the gross receipts test for qualifying taxpayers, use the following steps: Step 1. Amended michigan tax return List each of the test years. Amended michigan tax return For qualifying taxpayers under Revenue Procedure 2001-10, the test years are each prior tax year ending on or after December 17, 1998. Amended michigan tax return Step 2. Amended michigan tax return Determine your average annual gross receipts for each test year listed in Step 1. Amended michigan tax return Your average annual gross receipts for a tax year is determined by adding the gross receipts for that tax year and the 2 preceding tax years and dividing the total by 3. Amended michigan tax return Step 3. Amended michigan tax return You meet the gross receipts test for qualifying taxpayers if your average annual gross receipts for each test year listed in Step 1 is $1 million or less. Amended michigan tax return Qualifying small business taxpayer. Amended michigan tax return   You are a qualifying small business taxpayer under Revenue Procedure 2002-28 only if: You satisfy the gross receipts test for each prior tax year ending on or after December 31, 2000 (see Gross receipts test for qualifying small business taxpayers, next). Amended michigan tax return Your average annual gross receipts for each test year (explained in Step 1, listed next) must be $10 million or less. Amended michigan tax return You are not prohibited from using the cash method under section 448 of the Internal Revenue Code. Amended michigan tax return Your principle business activity is an eligible business. Amended michigan tax return See Eligible business, later. Amended michigan tax return You have not changed (or have not been required to change) from the cash method because you became ineligible to use the cash method under Revenue Procedure 2002-28. Amended michigan tax return Note. Amended michigan tax return Revenue Procedure 2002-28 does not apply to a farming business of a qualifying small business taxpayer. Amended michigan tax return A taxpayer engaged in the trade or business of farming generally is allowed to use the cash method for any farming business. Amended michigan tax return See Special rules for farming businesses under Cash Method, earlier. Amended michigan tax return Gross receipts test for qualifying small business taxpayers. Amended michigan tax return   To determine if you meet the gross receipts test for qualifying small business taxpayers, use the following steps: Step 1. Amended michigan tax return List each of the test years. Amended michigan tax return For qualifying small business taxpayers under Revenue Procedure 2002-28, the test years are each prior tax year ending on or after December 31, 2000. Amended michigan tax return Step 2. Amended michigan tax return Determine your average annual gross receipts for each test year listed in Step 1. Amended michigan tax return Your average annual gross receipts for a tax year is determined by adding the gross receipts for that tax year and the 2 preceding tax years and dividing the total by 3. Amended michigan tax return Step 3. Amended michigan tax return You meet the gross receipts test for qualifying small business taxpayers if your average annual gross receipts for each test year listed in Step 1 is $10 million or less. Amended michigan tax return Eligible business. Amended michigan tax return   An eligible business is any business for which a qualified small business taxpayer can use the cash method and choose to not keep an inventory. Amended michigan tax return You have an eligible business if you meet any of the following requirements. Amended michigan tax return Your principal business activity is described in a North American Industry Classification System (NAICS) code other than any of the following NAICS subsector codes: NAICS codes 211 and 212 (mining activities). Amended michigan tax return NAICS codes 31-33 (manufacturing). Amended michigan tax return NAICS code 42 (wholesale trade). Amended michigan tax return NAICS codes 44-45 (retail trade). Amended michigan tax return NAICS codes 5111 and 5122 (information industries). Amended michigan tax return Your principal business activity is the provision of services, including the provision of property incident to those services. Amended michigan tax return Your principal business activity is the fabrication or modification of tangible personal property upon demand in accordance with customer design or specifications. Amended michigan tax return   Information about the NAICS codes can be found at http://www. Amended michigan tax return census. Amended michigan tax return gov/naics or in the instructions for your federal income tax return. Amended michigan tax return Gross receipts. Amended michigan tax return   In general, gross receipts must include all receipts from all your trades or businesses that must be recognized under the method of accounting you used for that tax year for federal income tax purposes. Amended michigan tax return See the definit
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PTIN Information and the Freedom of Information Act

The Freedom of Information Act (FOIA), enacted in 1966, gives any person the right to access federal agency records, unless the information is protected from public disclosure by one of nine exemptions. FOIA authorizes government agencies to recover the cost of complying with a FOIA request.

Under FOIA, certain information submitted to the IRS by an individual applying for a preparer tax identification number (PTIN) must be disclosed by the IRS under FOIA, and the individual cannot opt out of the disclosure.

FOIA Awareness for PTIN Holders

The PTIN holder information subject to public disclosure includes:

  • Name
  • Business name
  • Business website address
  • Business phone number
  • Business mailing address – Either a physical address or a P.O. Box is acceptable as a business address.
  • Email address – Any valid email address that you check regularly for PTIN communications is acceptable.
  • Professional credentials

Updating your contact information

To maintain the privacy of your personal information, PTIN holders can update contact information.

Unwanted solicitations

Legitimate IRS emails regarding PTIN issues are sent from two email addresses: irs@service.govdelivery.com and TaxPro_PTIN@irs.gov. The IRS is aware of malicious emails attempting to spoof these email addresses. Pay careful attention to whether an email is actually from one of these addresses. If you feel that you have received a suspicious phishing email, follow the directions found here.

If you receive email solicitations from other organizations and they are unwanted, the Federal Trade Commission, Bureau of Consumer Protection provides guidance on whether an email or other contact violates the CAN-SPAM Act of 2003 and how to report violations.

Additionally, exercise caution on websites without a .gov domain. Only sites with the .gov domain are official government websites.

PTIN application changes

To clearly distinguish between public and private information, the IRS changed the “Permanent Mailing Address” box on the PTIN application to “Personal Mailing Address”. This change clarified that the information is personal and exempt from public disclosure under FOIA rules.

Also, the IRS removed the prohibition on entering a post office box in the “Business Mailing Address” box on the PTIN application. PTIN holders may now enter a P.O. Box as their business mailing address.

If you used your Personal Mailing Address as your Business Mailing Address or used a street address when you preferred to provide a P.O Box as your Business Mailing Address, you may update your contact information. But note that your Business Mailing Address is not exempt from disclosure under FOIA rules and it will be released even if it is the same as your Personal Mailing Address.

Page Last Reviewed or Updated: 11-Sep-2013

The Amended Michigan Tax Return

Amended michigan tax return 24. Amended michigan tax return   Donaciones Table of Contents Introduction Useful Items - You may want to see: Organizaciones que Reúnen los Requisitos para Recibir Donaciones DeduciblesTipos de Organizaciones Calificadas Donaciones que Puede DeducirDonaciones de las Cuales Usted se Beneficia Gastos Pagados a Nombre de un Estudiante que Vive con Usted Gastos de Bolsillo al Prestar Servicios Donaciones que no Puede DeducirDonaciones Hechas a Personas Físicas Donaciones Hechas a Organizaciones no Calificadas Donaciones de las Cuales Usted se Beneficia Valor de Tiempo o Servicios Gastos Personales Cargos de Tasación Donaciones de BienesExcepción. Amended michigan tax return Artículos domésticos. Amended michigan tax return Deducción de más de $500. Amended michigan tax return Formulario 1098-C. Amended michigan tax return Se acerca el plazo para la presentación de la declaración y aún no tiene el Formulario 1098-C. Amended michigan tax return Excepción 1: vehículo usado o mejorado por la organización. Amended michigan tax return Excepción 2: vehículo donado o vendido a una persona necesitada. Amended michigan tax return Deducción de $500 o menos. Amended michigan tax return Derecho al uso de los bienes. Amended michigan tax return Bienes muebles tangibles. Amended michigan tax return Intereses futuros. Amended michigan tax return Determinación del Valor Justo de Mercado Donación de Bienes Cuyo Valor ha Disminuido Donación de Bienes Cuyo Valor ha Aumentado Cuándo Puede Deducir sus DonacionesCheques. Amended michigan tax return Mensaje de texto. Amended michigan tax return Tarjeta de crédito. Amended michigan tax return Pago telefónico. Amended michigan tax return Título de acciones. Amended michigan tax return Pagaré. Amended michigan tax return Opción. Amended michigan tax return Fondos de un préstamo. Amended michigan tax return Límites sobre DeduccionesCantidades Trasladadas al Año Siguiente Documentación que se Debe MantenerDonaciones en Efectivo Donaciones que no Sean en Efectivo Gastos de Bolsillo Cómo Declarar las Donaciones Caritativas Introduction Este capítulo explica cómo reclamar una deducción por sus donaciones caritativas. Amended michigan tax return Trata los siguientes temas: Tipos de organizaciones a las cuales puede hacer donaciones caritativas deducibles. Amended michigan tax return Tipos de donaciones que puede deducir. Amended michigan tax return Cuánto puede deducir. Amended michigan tax return Qué documentos se deben mantener. Amended michigan tax return Cómo declarar sus donaciones caritativas. Amended michigan tax return Una donación caritativa es un regalo o donación a una organización calificada para el uso de la misma. Amended michigan tax return Es voluntaria y se hace sin recibir, o esperar recibir, nada de igual valor a cambio. Amended michigan tax return Requisito de presentación del Formulario 1040. Amended michigan tax return    Para deducir una donación caritativa, usted tiene que presentar el Formulario 1040 y detallar sus deducciones en el Anexo A. Amended michigan tax return La cantidad de su deducción podría ser limitada si ciertas reglas y límites explicados en este capítulo le corresponden. Amended michigan tax return Los límites se explican con detalle en la Publicación 526, en inglés. Amended michigan tax return Useful Items - You may want to see: Publicación 526 Charitable Contributions (Donaciones caritativas), en inglés 561 Determining the Value of Donated Property (Cómo determinar el valor de bienes donados), en inglés Formulario (e Instrucciones) Anexo A (Formulario 1040) Itemized Deductions (Deducciones detalladas), en inglés 8283 Noncash Charitable Contributions (Donaciones caritativas que no sean en efectivo), en inglés Organizaciones que Reúnen los Requisitos para Recibir Donaciones Deducibles Puede deducir sus donaciones sólo si las hace a una organización calificada. Amended michigan tax return La mayoría de las organizaciones que no sean iglesias y gobiernos tienen que hacer la solicitud correspondiente al IRS para convertirse en una organización calificada. Amended michigan tax return Cómo saber si una organización reúne los requisitos para recibir donaciones caritativas deducibles. Amended michigan tax return    Se puede preguntar a cualquier organización si es una organización calificada, y la mayoría podrá decírselo. Amended michigan tax return También podría visitar IRS. Amended michigan tax return gov y pulsar en “Tools” (Herramientas) y luego en Exempt Organizations Select check (Búsqueda y comprobación de Organizaciones Exentas), en www. Amended michigan tax return irs. Amended michigan tax return gov/Charities-&-Non-Profits/Exempt-Organizations-Select-Check. Amended michigan tax return Esta herramienta electrónica le permite buscar cuáles organizaciones pueden recibir donaciones caritativas deducibles. Amended michigan tax return   Usted también puede llamar al IRS para saber si una organización reúne los requisitos para recibir dichas donaciones, al 1-877-829-5500. Amended michigan tax return Personas que son sordas, o tienen impedimentos auditivos o de habla, y que tienen acceso al equipo TTY/TDD pueden llamar al 1-800-829-4059. Amended michigan tax return Las personas sordas y con impedimentos auditivos también pueden acceder al IRS por medio de servicios de retransmisión, tales como el Federal Relay Service (Servicio de retransmisión federal) en www. Amended michigan tax return gsa. Amended michigan tax return gov/fedrelay. Amended michigan tax return Tipos de Organizaciones Calificadas Generalmente, sólo los tipos de organizaciones siguientes pueden ser organizaciones calificadas: Un fondo para beneficencia social, sociedad anónima, fideicomiso, fondo o fundación, establecido u organizado bajo las leyes de los Estados Unidos, de cualquier estado, del Distrito de Columbia o de cualquier posesión de los Estados Unidos (incluyendo Puerto Rico). Amended michigan tax return Sin embargo, tiene que estar organizado y administrado sólo con fines caritativos, religiosos, científicos, literarios, educativos o para la prevención de crueldad hacia niños o animales. Amended michigan tax return Ciertas organizaciones que promuevan competencias nacionales o internacionales de deportes para jugadores no profesionales también reúnen los requisitos. Amended michigan tax return Organizaciones de veteranos de guerra, incluyendo puestos, grupos auxiliares, fideicomisos o fundaciones organizados en los Estados Unidos o cualquiera de sus posesiones (incluyendo Puerto Rico). Amended michigan tax return Sociedades, órdenes y asociaciones fraternales nacionales que operen bajo el sistema de logias. Amended michigan tax return (La donación que haga a este tipo de organización es deducible sólo si se va a usar exclusivamente para propósitos caritativos, religiosos, científicos, literarios o educativos o para la prevención de crueldad hacia niños o animales). Amended michigan tax return Ciertas empresas o sociedades anónimas de cementerios sin fines de lucro. Amended michigan tax return (La donación que haga a este tipo de organización no es deducible si se puede usar para el mantenimiento de un espacio particular del cementerio o una cripta de mausoleo). Amended michigan tax return Los Estados Unidos o cualquier estado, el Distrito de Columbia, una posesión de los Estados Unidos (incluyendo Puerto Rico), una subdivisión política de un estado o posesión de los Estados Unidos o un gobierno tribal de los indios de los Estados Unidos o cualquiera de sus subdivisiones que lleven a cabo funciones gubernamentales sustanciales. Amended michigan tax return (La donación que haga a este tipo de organización es deducible sólo si se va a usar exclusivamente para fines públicos). Amended michigan tax return Ejemplos. Amended michigan tax return    La siguiente lista da algunos ejemplos de organizaciones calificadas: Iglesias, una convención o asociación de iglesias, templos, sinagogas, mezquitas y otras organizaciones religiosas. Amended michigan tax return La mayoría de las organizaciones caritativas sin fines de lucro, tal como la Cruz Roja de los Estados Unidos o el United Way. Amended michigan tax return La mayoría de las organizaciones educativas sin fines de lucro, incluidos Boy Scouts of America, Girl Scouts of America, colegios universitarios y museos. Amended michigan tax return Esto incluye también guarderías sin fines de lucro que proveen servicios de cuidados de niños al público en general sólo si sería razonable declarar que todos los cuidados se proveen para permitir que los padres y tutores de dichos niños trabajen y ganen ingresos. Amended michigan tax return Sin embargo, si su donación sustituye a la matrícula u otros cargos de inscripción, no es deducible como donación caritativa, como se explica más adelante bajo Donaciones que No Puede Deducir . Amended michigan tax return Hospitales y organizaciones de investigación médica sin fines de lucro. Amended michigan tax return Programas de energía para casos de emergencia ofrecidos por las empresas de servicios públicos, siempre que la empresa sea representante de una organización caritativa que presta ayuda a personas que necesiten energía en caso de emergencia. Amended michigan tax return Cuerpos de bomberos voluntarios sin fines de lucro. Amended michigan tax return Organizaciones sin fines de lucro que desarrollan y mantienen parques públicos e instalaciones recreativas. Amended michigan tax return Organizaciones de defensa civil. Amended michigan tax return Ciertas organizaciones caritativas extranjeras. Amended michigan tax return    Conforme a los tratados tributarios con Canadá, Israel y México, usted posiblemente pueda deducir sus donaciones a ciertas organizaciones caritativas canadienses, israelís o mexicanas. Amended michigan tax return Generalmente, usted debe tener fuentes de ingresos que provienen de ese país para hacerlo. Amended michigan tax return Si desea más información sobre la deducción de sus donaciones a organizaciones caritativas canadienses, vea la Publicación 597, Information on the United States–Canada Income Tax Treaty (Información sobre el tratado tributario entre Estados Unidos y Canadá), en inglés. Amended michigan tax return Si necesita más información sobre cómo calcular sus donaciones a organizaciones caritativas mexicanas e israelís, vea la Publicación 526, en inglés. Amended michigan tax return Donaciones que Puede Deducir Generalmente, puede deducir donaciones de dinero o bienes que usted haga a una organización calificada o que son para el uso de la misma. Amended michigan tax return Una donación es “para el uso de” una organización calificada cuando se mantiene en un fideicomiso ejecutable por ley para la organización calificada o conforme a un acuerdo legal semejante. Amended michigan tax return Las donaciones tienen que hacerse a una organización calificada sin apartarse para uso de una persona específica. Amended michigan tax return Si dona propiedad a una organización calificada, normalmente puede deducir el valor justo de mercado de la propiedad al momento de la donación. Amended michigan tax return Vea Donaciones de Bienes , más adelante en este capítulo. Amended michigan tax return Su deducción por donaciones caritativas generalmente no puede superar el 50% de su ingreso bruto ajustado (AGI, por sus siglas en inglés), pero en algunos casos podrían corresponder límites del 20% y 30%. Amended michigan tax return Vea Límites sobre Deducciones , más adelante. Amended michigan tax return Además el total de la deducción por donaciones caritativas y otras deducciones detalladas pueden ser limitadas. Amended michigan tax return Vea el capítulo 29. Amended michigan tax return En la Tabla 24-1, hay algunos ejemplos de donaciones que puede deducir y otras que no puede deducir. Amended michigan tax return Donaciones de las Cuales Usted se Beneficia Si recibe un beneficio por haber hecho una donación a una organización calificada, puede deducir sólo la cantidad de la donación que sea mayor que el valor del beneficio que recibe. Amended michigan tax return También, vea Donaciones de las Cuales Usted se Beneficia bajo Donaciones que no Puede Deducir , más adelante. Amended michigan tax return Si le paga a una organización calificada más del valor justo de mercado por mercancía, bienes o servicios, la cantidad que exceda del valor del artículo puede considerarse una donación caritativa. Amended michigan tax return Para que la cantidad excedente reúna los requisitos, tiene que pagarla con la intención de hacer una donación caritativa. Amended michigan tax return Ejemplo 1. Amended michigan tax return Usted paga $65 por una entrada a una cena y baile en una iglesia. Amended michigan tax return El pago completo de $65 va destinado a la iglesia. Amended michigan tax return La entrada a la cena y baile tiene un valor justo de mercado de $25. Amended michigan tax return Cuando compra la entrada, sabe que el valor de la misma es menos de lo que usted pagó. Amended michigan tax return Para calcular la cantidad de su donación caritativa, reste el valor del beneficio recibido ($25) del total que pagó ($65). Amended michigan tax return Puede deducir $40 como una donación hecha a la iglesia. Amended michigan tax return Ejemplo 2. Amended michigan tax return En una subasta dirigida por una organización caritativa para recaudar fondos, usted paga $600 por una estancia de una semana en una casa en la playa. Amended michigan tax return La cantidad que pagó no es mayor que el valor justo de mercado de alquiler. Amended michigan tax return Usted no ha hecho una donación caritativa deducible. Amended michigan tax return Eventos deportivos. Amended michigan tax return   Si hace un pago a una universidad o colegio universitario o en beneficio de los mismos, y, como resultado, recibe los derechos de comprar entradas para un evento deportivo en el estadio de deportes de la universidad o colegio universitario, puede deducir el 80% del pago como una donación caritativa. Amended michigan tax return   Si alguna parte de su pago es para entradas (y no le da derecho a comprar las mismas), dicha parte no es deducible. Amended michigan tax return Reste el precio de las entradas de su pago. Amended michigan tax return Puede deducir el 80% de la cantidad restante como donación caritativa. Amended michigan tax return Ejemplo 1. Amended michigan tax return Usted paga $300 al año por afiliarse a un programa de becas deportivas de una universidad. Amended michigan tax return El único beneficio de la afiliación es tener el derecho de comprar un boleto de temporada, dándole derecho a un asiento en un área especial del estadio para los partidos de fútbol americano de la universidad. Amended michigan tax return Puede deducir $240 (el 80% de $300) como donación caritativa. Amended michigan tax return Tabla 24-1. Amended michigan tax return Ejemplos de Donaciones Caritativas —Verificación Rápida Utilice las siguientes listas para comprobar rápidamente si puede o no deducir una donación. Amended michigan tax return Vea el resto de este capítulo para más información, reglas y límites adicionales que podrían ser aplicables. Amended michigan tax return Deducibles  como Donaciones Caritativas No Deducibles  como Donaciones Caritativas Dinero o propiedad que done a:  Iglesias, sinagogas, templos, mezquitas y otras organizaciones religiosas Gobiernos federales, estatales y locales, si su donación es exclusivamente para propósitos públicos (por ejemplo, una donación para reducir la deuda pública o mantener un parque público) Hospitales y escuelas sin fines de lucro The Salvation Army (Ejército de Salvación), Cruz Roja de los Estados Unidos, CARE, Goodwill Industries, United Way, Boy Scouts of America, Girl Scouts of America, Boys & Girls Clubs of America, etcétera Grupos de veteranos de guerra  Gastos que pague por un estudiante que viva con usted, patrocinado por una organización calificada  Gastos de bolsillo que tenga al prestar servicios voluntarios a una organización calificada Dinero o propiedad que done a:  Ligas cívicas, clubes sociales o clubes de deportes, sindicatos y cámaras de comercio Organizaciones extranjeras (excepto ciertas caridades canadienses, israelís y mexicanas) Grupos operados con fines de lucro personal Grupos cuyo propósito es presionar para que se hagan cambios a la ley Asociaciones de propietarios de vivienda Personas físicas Grupos políticos o candidatos a cargos públicos  Costo de billetes de rifa, bingo o lotería  Cuotas, cargos o facturas pagados a clubes, logias, órdenes fraternales o grupos similares  Costo de matrícula  Valor de su tiempo o servicios  Valor de sangre donada a un banco de sangre    Ejemplo 2. Amended michigan tax return Los hechos son iguales a los del Ejemplo 1 salvo que su pago de $300 incluyó la compra de un boleto de temporada al precio estipulado de $120. Amended michigan tax return Tiene que restar el precio normal de un boleto ($120) de su pago de $300. Amended michigan tax return El resultado es $180. Amended michigan tax return Su donación caritativa es $144 (el 80% de $180). Amended michigan tax return Eventos benéficos de caridad. Amended michigan tax return   Si le paga a una organización calificada más que el valor justo de mercado por el derecho de asistir a un baile, banquete, espectáculo, evento deportivo u otro evento benéfico, puede deducir sólo la cantidad que supere el valor de los privilegios u otros beneficios que reciba. Amended michigan tax return   Si hay un cargo establecido por el evento, dicho cargo es el valor de su beneficio. Amended michigan tax return Si no hay ningún cargo establecido, el valor razonable del derecho de asistir al evento se considera el valor de su beneficio. Amended michigan tax return El hecho de usar o no usar los boletos de entrada u otros privilegios, no cambia la cantidad que puede deducir. Amended michigan tax return Sin embargo, si devuelve el boleto de entrada a la organización calificada para reventa, sí puede deducir la cantidad completa que pagó por el boleto de entrada. Amended michigan tax return    Aun si el boleto u otro comprobante de pago indica que el pago es una “donación”, eso no significa que pueda deducir la cantidad completa. Amended michigan tax return Si el boleto muestra el precio de entrada y la cantidad de la donación, sí puede deducir la cantidad de dicha donación. Amended michigan tax return Ejemplo. Amended michigan tax return Usted paga $40 por un boleto para ver una película en beneficio de una organización calificada. Amended michigan tax return El boleto tiene impreso “Donación: $40”. Amended michigan tax return Si el precio habitual de la película es $8, su donación es $32 (pago de $40 menos el precio habitual de $8). Amended michigan tax return Cuota o cargos de afiliación. Amended michigan tax return    Es posible que pueda deducir cargos o cuotas de afiliación que le paga a una organización calificada. Amended michigan tax return Sin embargo, puede deducir sólo la cantidad que supere el valor de los beneficios que recibió. Amended michigan tax return   No puede deducir honorarios, cargos o cuotas pagados a clubes y otras organizaciones sociales. Amended michigan tax return Éstas no son organizaciones calificadas. Amended michigan tax return Ciertos beneficios de afiliación pueden ignorarse. Amended michigan tax return   Tanto usted como la organización pueden ignorar los siguientes beneficios de afiliación si usted los recibe a cambio de un pago anual de $75 o menos. Amended michigan tax return Cualquier derecho o privilegio, que no sea aquél tratado bajo Eventos deportivos , anteriormente, que pueda usar frecuentemente mientras sea miembro, tales como: Entrada gratuita o rebajada a las instalaciones o eventos de la organización, Estacionamiento gratuito o rebajado, Acceso privilegiado a bienes o servicios y Descuentos en la compra de bienes o servicios. Amended michigan tax return Mientras usted sea miembro, la entrada a eventos a los cuales sólo puedan asistir miembros de la organización, si dicha organización ha estimado adecuadamente que el costo por persona (excluidos todos los gastos generales) no será más de $10. Amended michigan tax return 20. Amended michigan tax return Artículos simbólicos. Amended michigan tax return   Usted no tiene que reducir su donación por el valor de ningún beneficio que reciba si se cumple lo siguiente: Usted sólo recibe un pequeño artículo u otro beneficio de valor simbólico. Amended michigan tax return La organización calificada determina correctamente que el valor del artículo o beneficio que recibió no es sustancial y le informa que puede deducir la totalidad de su pago. Amended michigan tax return Declaración por escrito. Amended michigan tax return   Una organización calificada tiene que darle una declaración por escrito si usted hace un pago a la misma superior a $75, si ésta es en parte una donación y en parte a cambio de bienes o servicios. Amended michigan tax return Dicha declaración tiene que decir que puede deducir sólo la cantidad del pago que supere al valor de los bienes o servicios que usted recibió. Amended michigan tax return También tiene que darle un cálculo aproximado de buena fe del valor de esos bienes o servicios. Amended michigan tax return   La organización le puede dar la declaración escrita cuando la solicite o cuando reciba el pago de usted. Amended michigan tax return Excepción. Amended michigan tax return   Una organización no tendrá que darle esta declaración escrita si se cumple alguna de las siguientes afirmaciones: La organización: Es una organización gubernamental descrita en el (5) bajo Tipos de Organizaciones Calificadas , anteriormente o Se fundó sólo para propósitos religiosos y el único beneficio que usted recibe es un beneficio religioso intangible (tal como la entrada a una ceremonia religiosa) que no se suele vender en transacciones comerciales fuera del contexto de donación. Amended michigan tax return Usted recibe sólo artículos cuyo valor no es sustancial como se describe en Artículos simbólicos , anteriormente. Amended michigan tax return Usted recibe sólo beneficios de afiliación que se pueden ignorar, como se describe anteriormente. Amended michigan tax return Gastos Pagados a Nombre de un Estudiante que Vive con Usted Usted posiblemente pueda deducir algunos de los gastos ocasionados por haber hospedado a un estudiante. Amended michigan tax return Puede deducir gastos calificados por un estudiante extranjero o estadounidense que: Viva en su hogar conforme a un acuerdo escrito entre usted y una organización calificada, como parte de un programa de la misma para proveerle oportunidades educativas al estudiante, No es su pariente o dependiente y Es un estudiante a tiempo completo en el grado 12 o un grado inferior en una escuela de los Estados Unidos. Amended michigan tax return Puede deducir hasta $50 al mes por cada mes natural completo que el estudiante viva con usted. Amended michigan tax return Todo mes en que las condiciones desde la (1) hasta la (3) se cumplan por 15 días o más, cuenta como un mes completo. Amended michigan tax return Para información adicional, vea Expenses Paid for Student Living With You (Gastos pagados para un estudiante que vive con usted), en la Publicación 526, en inglés. Amended michigan tax return Programa de intercambio mutuo. Amended michigan tax return   No puede deducir los costos relacionados con un estudiante extranjero que viva en su hogar bajo un programa de intercambio mutuo a través del cual su hijo vivirá con una familia en un país extranjero. Amended michigan tax return Tabla 24-2. Amended michigan tax return Preguntas de Voluntarios y sus Respuestas Si hace trabajo voluntario para una organización calificada, las siguientes preguntas y respuestas podrían corresponderle. Amended michigan tax return Todas las reglas explicadas en este capítulo también corresponden. Amended michigan tax return Vea, en específico, Gastos de Bolsillo al Prestar Servicios , más adelante. Amended michigan tax return Pregunta Respuesta Hago trabajo voluntario 6 horas a la semana en la oficina de una organización calificada. Amended michigan tax return A la recepcionista se le paga $10 por hora por el mismo trabajo que hago yo. Amended michigan tax return ¿Puedo deducir $60 a la semana por mi tiempo?    No, no puede deducir el valor de su tiempo o servicios. Amended michigan tax return La oficina está ubicada a 30 millas de mi hogar. Amended michigan tax return ¿Puedo deducir algunos de mis gastos de automóvil por estos viajes? Sí, puede deducir los gastos de gasolina y aceite que estén directamente relacionados con los viajes de ida y vuelta del sitio donde usted es voluntario. Amended michigan tax return Si no quiere calcular los gastos reales, puede deducir 14 centavos por cada milla. Amended michigan tax return Hago trabajo voluntario como asistente de enfermera de la Cruz Roja en un hospital. Amended michigan tax return ¿Puedo deducir el costo de los uniformes que tengo que usar? Sí, puede deducir el costo de comprar y lavar sus uniformes si el hospital es una organización calificada, los uniformes no son apropiados para uso cotidiano y tiene que llevarlos puestos cuando haga su trabajo voluntario. Amended michigan tax return Le pago a una persona para cuidar de mis hijos mientras trabajo como voluntario para una organización calificada. Amended michigan tax return ¿Puedo deducir esos gastos? No, no puede deducir pagos por gastos de cuidado de niños como una donación caritativa, aun si son necesarios para que usted pueda hacer trabajo voluntario. Amended michigan tax return (Si tiene gastos de cuidado de niños para poder hacer trabajo remunerado, vea el capítulo 32). Amended michigan tax return Gastos de Bolsillo al Prestar Servicios Aunque no puede deducir el valor de los servicios que haya prestado a una organización calificada, es posible que pueda deducir algunos gastos pagados al prestarlos. Amended michigan tax return Los gastos tienen que ser: Gastos que no hayan sido reembolsados, Directamente relacionados con los servicios, Gastos que tuvo sólo debido a los servicios que prestó y Gastos que no sean gastos personales, diarios o de familia. Amended michigan tax return La Tabla 24-2 contiene preguntas y respuestas aplicables a algunas personas que ofrecen sus servicios como voluntarios. Amended michigan tax return Convenciones. Amended michigan tax return   Si es representante elegido para asistir a una convención de una organización calificada, puede deducir gastos no reembolsados por viajes y transporte, incluyendo una cantidad razonable por comida y alojamiento, mientras pasa la noche fuera de su casa por razones de la convención. Amended michigan tax return No obstante, vea Viajes , más adelante. Amended michigan tax return   No puede deducir gastos personales por turismo, fiestas organizadas para excursiones de pesca, boletos de entrada para el teatro o clubes nocturnos. Amended michigan tax return Tampoco puede deducir gastos de transporte, comida y alojamiento ni otros gastos por su cónyuge o sus hijos. Amended michigan tax return    No puede deducir sus gastos por asistir a una convención religiosa si va sólo como miembro de su iglesia y no como un representante elegido. Amended michigan tax return Sin embargo, puede deducir gastos no reembolsados que estén directamente relacionados con prestar servicios en nombre de su iglesia durante la convención. Amended michigan tax return Uniformes. Amended michigan tax return   Puede deducir el costo y mantenimiento de uniformes que no sean apropiados para uso cotidiano y que usted tenga que llevar puestos mientras presta servicios donados para una institución benéfica. Amended michigan tax return Padres de crianza. Amended michigan tax return   Usted posiblemente pueda deducir como donación caritativa algunos de los costos de ser padre o madre de crianza (proveedor de cuidado de crianza) si no tiene un fin de lucro al proveer dicho cuidado de crianza y, de hecho, no obtiene lucro alguno. Amended michigan tax return Las personas que usted acoja en su hogar para cuidado de crianza tienen que ser nombradas por una organización calificada. Amended michigan tax return    Puede deducir gastos que reúnan los siguientes requisitos: Son gastos de bolsillo por dar de comer, vestir y cuidar al hijo de crianza y no han sido reembolsados. Amended michigan tax return Son gastos incurridos principalmente para beneficiar a la organización calificada. Amended michigan tax return   Puede que los gastos no reembolsados que no pueda deducir como donaciones caritativas sean considerados manutención provista por usted al determinar si puede reclamar al hijo de crianza como dependiente. Amended michigan tax return Para más detalles, vea el capítulo 3. Amended michigan tax return Ejemplo. Amended michigan tax return Usted cuidó de una hija de crianza porque quería adoptarla, no para beneficiar a la agencia que la colocó en su hogar. Amended michigan tax return Los gastos que haya tenido y que no hayan sido reembolsados no se pueden deducir como donaciones caritativas. Amended michigan tax return Gastos de automóvil. Amended michigan tax return   Puede deducir como donación caritativa gastos de bolsillo no reembolsados, como el costo de gasolina y aceite, que estén directamente relacionados con el uso de su automóvil para prestar servicios a una organización caritativa. Amended michigan tax return No puede deducir gastos generales por reparaciones y mantenimiento, depreciación, cargos de matrícula o los costos de llantas o seguro. Amended michigan tax return    Si no quiere deducir sus gastos reales, puede usar una tarifa estándar por milla de 14 centavos para calcular su donación. Amended michigan tax return   Puede deducir gastos de estacionamiento y peaje independientemente de si deduce sus gastos reales o la tarifa estándar por milla. Amended michigan tax return   Tiene que mantener documentación escrita confiable de los gastos de automóvil. Amended michigan tax return Para más información, vea Gastos de automóvil bajo Documentación que se Debe Mantener , más adelante. Amended michigan tax return Viajes. Amended michigan tax return   Generalmente, puede reclamar una deducción por donaciones caritativas por gastos de viaje en los que ha incurrido necesariamente mientras esté fuera de su domicilio prestando servicios para una organización caritativa, sólo si el viaje no incluye ningún elemento significativo de placer personal, recreación o vacaciones. Amended michigan tax return Esto es aplicable tanto si usted paga los gastos directamente o indirectamente. Amended michigan tax return Usted paga los gastos indirectamente si le hace un pago a la organización caritativa y dicha institución le paga a usted sus gastos de viaje. Amended michigan tax return   La deducción por gastos de viaje no le será denegada sencillamente porque disfrute de proveer servicios a la organización caritativa. Amended michigan tax return Aun si usted disfruta del viaje, puede reclamar una deducción por donación caritativa por sus gastos de viaje si está de servicio en un sentido verdadero e íntegro durante todo el viaje. Amended michigan tax return No obstante, si tiene sólo tareas menores, o si durante partes significativas del viaje no tiene ninguna tarea, no puede deducir sus gastos de viaje. Amended michigan tax return Ejemplo 1. Amended michigan tax return Usted es jefe de un grupo juvenil exento de impuestos y lleva al grupo a acampar. Amended michigan tax return Es responsable de dirigir la instalación del campamento y proveer supervisión adulta para otras actividades durante todo el viaje. Amended michigan tax return Participa en las actividades del grupo y disfruta del tiempo que pasa con los integrantes del mismo. Amended michigan tax return Usted dirige el levantamiento del campamento y transporta al grupo de regreso a casa. Amended michigan tax return Usted puede deducir sus gastos de viaje. Amended michigan tax return Ejemplo 2. Amended michigan tax return Usted va de una isla a otra en velero y pasa 8 horas al día contando ballenas y otras formas de vida marina. Amended michigan tax return El proyecto es auspiciado por una organización caritativa. Amended michigan tax return En la mayoría de las circunstancias, no puede deducir sus gastos. Amended michigan tax return Ejemplo 3. Amended michigan tax return Usted trabaja varias horas cada mañana en una excavación arqueológica patrocinada por una organización caritativa. Amended michigan tax return El resto del día, lo tiene libre para dedicarse al recreo y turismo. Amended michigan tax return No puede tomar una deducción por donación caritativa aunque trabaje muy duro durante esas pocas horas. Amended michigan tax return Ejemplo 4. Amended michigan tax return Usted pasa el día entero asistiendo a la conferencia regional de una organización caritativa como representante elegido. Amended michigan tax return Por la tarde, va al teatro. Amended michigan tax return Puede declarar sus gastos de viaje como donaciones caritativas, pero no puede declarar los gastos de la tarde que usted pasó en el teatro. Amended michigan tax return Asignación para gastos diarios (viáticos). Amended michigan tax return   Si provee servicios para una organización calificada y recibe un estipendio diario para cubrir gastos de viaje razonables, incluyendo comidas y alojamiento mientras pasa la noche fuera de su domicilio, tendrá que incluir en su ingreso cualquier parte del estipendio que sea mayor que sus gastos de viaje deducibles. Amended michigan tax return Tal vez pueda deducir los gastos de viaje necesarios que sean mayores que el estipendio. Amended michigan tax return Gastos de viaje deducibles. Amended michigan tax return   Éstos incluyen: Transporte en avión, tren y autobús, Gastos de bolsillo por el automóvil, Tarifas de taxi y otros gastos de transporte entre el aeropuerto o estación y su hotel, Costos de alojamiento y Costo de comidas. Amended michigan tax return Debido a que estos gastos de viaje no están relacionados con los negocios, dichos gastos no están sujetos a los mismos límites que los gastos relacionados con los negocios. Amended michigan tax return Para información sobre gastos de viaje de negocios, vea Gastos de Viaje en el capítulo 26. Amended michigan tax return Donaciones que no Puede Deducir Hay algunas donaciones que no puede deducir, tales como aquéllas hechas a personas específicas y aquéllas hechas a organizaciones no calificadas. Amended michigan tax return (Vea Donaciones Hechas a Personas Físicas y Donaciones Hechas a Organizaciones no Calificadas , más adelante). Amended michigan tax return Hay otras por las cuales usted puede deducir sólo una parte, como se explica más adelante bajo Donaciones de las Cuales Usted se Beneficia . Amended michigan tax return Donaciones Hechas a Personas Físicas No puede deducir donaciones hechas a personas físicas específicas, incluyendo las siguientes: Donaciones hechas a sociedades fraternales para el propósito de pagar gastos médicos o gastos fúnebres de miembros fallecidos. Amended michigan tax return Donaciones hechas a personas necesitadas o dignas de ayuda. Amended michigan tax return No puede deducir estas donaciones aun si las hace a una organización calificada, si las hace a nombre de una persona específica. Amended michigan tax return Pero puede deducir una donación a una organización calificada que ayude a personas necesitadas o dignas de ayuda, si usted no indica que su donación es para una persona específica. Amended michigan tax return Ejemplo. Amended michigan tax return Puede deducir donaciones hechas a una organización calificada por asistencia en caso de inundaciones, huracanes u otro desastre. Amended michigan tax return Sin embargo, no puede deducir donaciones destinadas a la asistencia de una persona o familia específica. Amended michigan tax return Pagos hechos a un miembro del clero que él o ella pueda gastar a gusto suyo; por ejemplo, pagos por gastos personales. Amended michigan tax return Gastos que usted pague por otra persona que provea servicios a una organización calificada. Amended michigan tax return Ejemplo. Amended michigan tax return Su hijo trabaja como misionero. Amended michigan tax return Usted paga sus gastos. Amended michigan tax return No puede reclamar una deducción por los gastos no reembolsados de su hijo relacionados con la prestación de sus servicios. Amended michigan tax return Pagos hechos a un hospital por el cuidado de un paciente específico o por servicios prestados a un paciente específico. Amended michigan tax return No puede deducir estos pagos aunque el hospital esté administrado por una ciudad, estado u otra organización calificada. Amended michigan tax return Donaciones Hechas a Organizaciones no Calificadas No puede deducir donaciones hechas a organizaciones que no reúnan los requisitos para recibir donaciones deducibles, incluyendo las siguientes: Ciertos colegios de abogados estatales si: El colegio de abogados no es una subdivisión política de un estado, El colegio de abogados tiene propósitos privados además de propósitos públicos, tal como promover los intereses profesionales de sus miembros y La donación hecha por usted no tiene restricciones y puede ser usada para propósitos privados. Amended michigan tax return Cámaras de comercio y otras asociaciones u organizaciones comerciales (pero vea el capítulo 28). Amended michigan tax return Asociaciones y ligas cívicas. Amended michigan tax return Organizaciones comunistas. Amended michigan tax return Clubes sociales. Amended michigan tax return La mayoría de las organizaciones extranjeras (excepto ciertas organizaciones caritativas canadienses, israelís o mexicanas). Amended michigan tax return Para más detalles, vea la Publicación 526, en inglés. Amended michigan tax return Asociaciones de propietarios de viviendas. Amended michigan tax return Sindicatos laborales (pero vea el capítulo 28). Amended michigan tax return Organizaciones y candidatos políticos. Amended michigan tax return Donaciones de las Cuales Usted se Beneficia Si recibe o espera recibir un beneficio financiero o económico a raíz de haber hecho una donación a una organización calificada, no puede deducir la parte de la donación que represente el valor del beneficio que recibe. Amended michigan tax return Vea Donaciones de las Cuales Usted se Beneficia bajo Donaciones que Puede Deducir , anteriormente. Amended michigan tax return Estas donaciones incluyen lo siguiente: Donaciones por cabildeo. Amended michigan tax return Esto incluye cantidades cuyo uso usted destine para influir en legislación específica, o en relación con la misma. Amended michigan tax return Donaciones hechas a un hogar para personas de la tercera edad que sean para alojamiento, comida, mantenimiento o el derecho de ingresarse a dicho hogar. Amended michigan tax return Además, si la cantidad de su donación depende del tipo o tamaño de apartamento que usted va a ocupar, no es una donación caritativa. Amended michigan tax return Costos de rifas, bingo, lotería, etcétera. Amended michigan tax return No puede deducir como una donación caritativa cantidades que pague para comprar boletos de rifa o lotería o para jugar al bingo u otros juegos de azar. Amended michigan tax return Para información sobre cómo declarar ganancias y pérdidas de juego, vea Ganancias de juegos y apuestas , en el capítulo 12, y Pérdidas de Apuestas y Juegos de Azar hasta la Cantidad de sus Ganancias de Juego , en el capítulo 28. Amended michigan tax return Cuotas pagadas a órdenes fraternales y grupos parecidos. Amended michigan tax return No obstante, vea la sección anterior, Cuota o cargos de afiliación bajo Donaciones que Puede Deducir . Amended michigan tax return Costos de matrícula o cantidades que pague en su lugar. Amended michigan tax return No puede deducir como donación caritativa las cantidades que pague por costos de matrícula, aunque las pague para que niños asistan a escuelas parroquiales o guarderías calificadas que operan sin fines de lucro. Amended michigan tax return Tampoco puede deducir cantidad fija alguna que tenga que pagar además del cargo por matrícula de una escuela privada, o en lugar del mismo, aunque haya sido designada como una “donación”. Amended michigan tax return Valor de Tiempo o Servicios No puede deducir el valor de su tiempo o servicios, incluyendo: Donaciones de sangre hechas a la Cruz Roja de los Estados Unidos o a bancos de sangre y El valor de ingresos perdidos mientras trabaja como voluntario sin remuneración para una organización calificada. Amended michigan tax return Gastos Personales No puede deducir gastos personales, diarios o de familia, tales como los siguientes: El costo de comidas que consuma mientras presta servicios para una organización calificada a menos que sea necesario pasar la noche fuera de su hogar mientras presta los servicios. Amended michigan tax return Gastos de adopción, incluidos los cargos que se le pagan a una agencia de adopción y los costos de alojar a un niño en su hogar antes de que la adopción sea final (pero vea Crédito por Adopción en el capítulo 37 y las instrucciones del Formulario 8839, Qualified Adoption Expenses (Gastos de adopción calificados), en inglés). Amended michigan tax return Además, es posible que pueda reclamar una exención por el hijo. Amended michigan tax return Vea Hijo adoptivo en el capítulo 3. Amended michigan tax return Cargos de Tasación Los cargos que pague para averiguar el valor justo de mercado de bienes donados no se pueden deducir como donaciones (vea el capítulo 28). Amended michigan tax return Donaciones de Bienes Si dona bienes a una organización calificada, la cantidad de su donación caritativa suele ser el valor justo de mercado de los bienes al momento de hacer la donación. Amended michigan tax return Sin embargo, si el valor de los bienes ha aumentado, es posible que se vea obligado a hacer ajustes a la cantidad de la deducción. Amended michigan tax return Vea Donación de Bienes Cuyo Valor ha Aumentado , más adelante. Amended michigan tax return Para información acerca de la documentación que necesita mantener y la información que tiene que entregar junto con su declaración de impuestos si dona bienes, vea Documentación que se Debe Mantener y Cómo Declarar las Donaciones Caritativas , más adelante. Amended michigan tax return Ropa y artículos domésticos. Amended michigan tax return   Si dona ropa o artículos domésticos, la ropa o artículos domésticos tienen que estar, como mínimo, en buenas condiciones, para usted poder reclamar una deducción correspondiente a dichos artículos. Amended michigan tax return Excepción. Amended michigan tax return   Puede deducir la donación de una prenda de vestir o enseres domésticos que no estén, como mínimo, en buen estado, si declara una deducción de más de $500 por éstos e incluye junto con su declaración de impuestos una valoración calificada de los mismos. Amended michigan tax return Artículos domésticos. Amended michigan tax return   Los artículos domésticos incluyen: Muebles y mobiliario, Equipo electrónico, Enseres eléctricos, Ropa de cama y Otros artículos semejantes. Amended michigan tax return   Los artículos domésticos no incluyen: Alimentos, Pinturas, antigüedades y otros objetos de arte, Joyas y gemas, y Colecciones. Amended michigan tax return Automóviles, barcos y aviones. Amended michigan tax return    Las siguientes reglas corresponden a toda donación de un vehículo que reúna los requisitos. Amended michigan tax return Un vehículo que reúne los requisitos es: Un automóvil o todo vehículo de motor fabricado principalmente para uso en carreteras, caminos y carreteras públicas, Un barco, o Un avión. Amended michigan tax return Deducción de más de $500. Amended michigan tax return   Si dona un vehículo que reúna los requisitos con valor justo de mercado declarado de más de $500, puede deducir la cantidad que sea menor entre las siguientes: Las ganancias brutas procedentes de la venta del vehículo por la organización o El valor justo de mercado del vehículo en la fecha de la donación. Amended michigan tax return Si el valor justo de mercado del vehículo era mayor a su costo u otra base, es posible que tenga que reducir el valor justo de mercado para obtener la cantidad deducible, según se describe bajo Donación de Bienes Cuyo Valor ha Aumentado , más adelante. Amended michigan tax return Formulario 1098-C. Amended michigan tax return   Tiene que adjuntar a su declaración de impuestos la Copia B del Formulario 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes (Donaciones de vehículos motorizados, barcos y aviones), en inglés, u otra declaración escrita que contenga la misma información que el Formulario 1098-C, que usted recibió de la organización. Amended michigan tax return El Formulario 1098-C (u otra declaración escrita) mostrará la ganancia bruta procedente de la venta del vehículo. Amended michigan tax return   Si presenta la declaración por vía electrónica, tiene que: adjuntar la Copia B del Formulario 1098-C al Formulario 8453(SP) (o al Formulario 8453, en inglés) y enviar dichos formularios al IRS o adjuntar la Copia B del Formulario 1098-C como documento de tipo PDF si su programa de computadora lo permite. Amended michigan tax return   Si usted no adjunta el Formulario 1098-C (u otra declaración escrita), no puede deducir su donación. Amended michigan tax return   Tiene que obtener el Formulario 1098-C (u otra declaración escrita) dentro de los 30 días a partir de la venta del vehículo. Amended michigan tax return Si le corresponde la Excepción 1 ó 2 (descritas más adelante), tiene que obtener el Formulario 1098-C (u otra declaración escrita) dentro de los 30 días de la donación. Amended michigan tax return Se acerca el plazo para la presentación de la declaración y aún no tiene el Formulario 1098-C. Amended michigan tax return   Si se acerca el plazo para la presentación de la declaración y aún no ha recibido el Formulario 1098-C, usted tiene dos opciones: Solicitar una prórroga automática de 6 meses para presentar la declaración. Amended michigan tax return Puede obtener esta prórroga mediante la presentación del Formulario 4868(SP), Solicitud de Prórroga Automática para Presentar la Declaración de Impuestos sobre el Ingreso Personal de los Estados Unidos (o el Formulario 4868, Application for Automatic Extension of Time To File U. Amended michigan tax return S. Amended michigan tax return Individual Income Tax Return, en inglés). Amended michigan tax return Para más información, vea Prórroga Automática , en el capítulo 1. Amended michigan tax return Presentar la declaración de impuestos dentro del plazo sin reclamar la deducción por el vehículo que reúne los requisitos. Amended michigan tax return Después de haber recibido el Formulario 1098-C, puede presentar una declaración enmendada, es decir, el Formulario 1040X, Amended U. Amended michigan tax return S. Amended michigan tax return Individual Income Tax Return (Declaración enmendada de impuestos sobre el ingreso personal de los Estados Unidos), en inglés, para reclamar la deducción. Amended michigan tax return Adjunte la Copia B del Formulario 1098-C (u otra declaración escrita) a la declaración enmendada. Amended michigan tax return Para obtener más información sobre las declaraciones enmendadas, vea Declaraciones Enmendadas y Reclamaciones de Reembolso , en el capítulo 1. Amended michigan tax return Excepciones. Amended michigan tax return   Existen dos excepciones a las reglas relativas a las deducciones de más de $500 que se acaban de explicar. Amended michigan tax return Excepción 1: vehículo usado o mejorado por la organización. Amended michigan tax return   Si la organización calificada hace uso significativo del vehículo, o le hace mejoras materiales al mismo antes de traspasarlo, normalmente puede deducir el valor justo de mercado del vehículo al momento de la donación. Amended michigan tax return No obstante, si el valor justo de mercado del vehículo era mayor a su costo u otra base, es posible que tenga que reducir el valor justo de mercado para obtener la cantidad deducible, según se describe en Donación de Bienes Cuyo Valor ha Aumentado , más adelante. Amended michigan tax return El Formulario 1098-C (u otra declaración escrita) indicará si corresponde esta excepción. Amended michigan tax return Excepción 2: vehículo donado o vendido a una persona necesitada. Amended michigan tax return   Si la organización calificada regala el vehículo o lo vende a un precio mucho menor que el valor justo de mercado a una persona necesitada para promover los fines caritativos de la organización, generalmente puede deducir el valor justo de mercado del vehículo al momento de la donación. Amended michigan tax return No obstante, si el valor justo de mercado del vehículo era mayor a su costo u otra base, es posible que tenga que reducir el valor justo de mercado para obtener la cantidad deducible, según se describe bajo Donación de Bienes Cuyo Valor ha Aumentado , más adelante. Amended michigan tax return El Formulario 1098-C (u otra declaración escrita) indicará si corresponde esta excepción. Amended michigan tax return   Esta excepción no corresponde si la organización vende el vehículo en una subasta. Amended michigan tax return En tal caso, no puede deducir el valor justo de mercado del vehículo. Amended michigan tax return Ejemplo. Amended michigan tax return Anita dona un automóvil usado a una organización calificada. Amended michigan tax return Ella lo compró hace 3 años por $9,000. Amended michigan tax return Una guía de automóviles usados muestra el valor justo de mercado de $6,000 para ese tipo de automóvil. Amended michigan tax return No obstante, Anita recibe un Formulario 1098-C de la organización que indica que el automóvil fue vendido por $2,900. Amended michigan tax return Ni la Excepción 1 ni la Excepción 2 corresponde. Amended michigan tax return Si Anita detalla sus deducciones, puede deducir $2,900 por su donación. Amended michigan tax return Tiene que adjuntar el Formulario 1098-C y el Formulario 8283 a su declaración de impuestos. Amended michigan tax return Deducción de $500 o menos. Amended michigan tax return   Si la organización calificada vende el vehículo por $500 o menos y las Excepciones 1 y 2 no corresponden, puede deducir la cantidad que sea menor de las siguientes: $500 o El valor justo de mercado del vehículo en la fecha de la donación. Amended michigan tax return No obstante, si el valor justo de mercado del vehículo era mayor a su costo u otra base, es posible que tenga que reducir el valor justo de mercado para obtener la cantidad deducible, según se describe bajo Donación de Bienes Cuyo Valor ha Aumentado , más adelante. Amended michigan tax return   Si el valor justo de mercado del vehículo es al menos $250 pero no más de $500, tiene que tener una declaración escrita de la organización calificada que acuse recibo de su donación. Amended michigan tax return La declaración escrita tiene que contener la información y reunir los requisitos para un acuse de recibo bajo Deducciones de un Mínimo de $250 pero de un Máximo de $500 bajo Documentación que se Debe Mantener , más adelante. Amended michigan tax return Participación parcial en los bienes. Amended michigan tax return   Por lo general, no puede deducir una donación caritativa de una cantidad menor que la cantidad total de su participación en los bienes. Amended michigan tax return Derecho al uso de los bienes. Amended michigan tax return   Una donación del derecho de usar bienes es una donación de una cantidad menor que el total de su participación en aquellos bienes y no es deducible. Amended michigan tax return Para excepciones y más información, vea Partial Interest in Property Not in Trust (Participación parcial en bienes no colocados en fideicomiso) en la Publicación 561, en inglés. Amended michigan tax return Intereses futuros en bienes muebles tangibles. Amended michigan tax return   No puede deducir el valor de una donación caritativa que hizo en forma de intereses futuros en bienes muebles tangibles, hasta después de que todos los intereses intermedios y derechos a la posesión de hecho de la propiedad hayan caducado o hayan sido entregados a alguien que no sea usted, un pariente o una organización relacionada. Amended michigan tax return Bienes muebles tangibles. Amended michigan tax return   Éstos son bienes de cualquier tipo, que no sean terrenos o edificios, que se puedan ver o tocar. Amended michigan tax return Incluyen muebles, libros, joyas, pinturas y automóviles. Amended michigan tax return Intereses futuros. Amended michigan tax return   Éstos corresponden a intereses que deban comenzar en un futuro, independientemente de si son designados como intereses futuros bajo ley estatal. Amended michigan tax return Determinación del Valor Justo de Mercado Esta sección trata de las pautas generales para determinar el valor justo de mercado de varios tipos de bienes donados. Amended michigan tax return La Publicación 561, en inglés, contiene una explicación más completa. Amended michigan tax return El valor justo de mercado es el precio que tiene el bien en el momento que deja de ser propiedad del vendedor y se vuelve propiedad del comprador, sin que ninguno esté obligado a comprar o vender y teniendo ambos conocimiento razonable de todos los hechos pertinentes. Amended michigan tax return Ropa usada y artículos domésticos usados. Amended michigan tax return   Generalmente, el valor justo de mercado de ropa y artículos domésticos usados es mucho menor que el precio al que usted los compró cuando estaban nuevos. Amended michigan tax return   Para ropa usada, debe reclamar como valor el precio que compradores de artículos usados de hecho pagan en tiendas de ropa usada, tales como tiendas de mercancía de segunda mano o tiendas de consignación. Amended michigan tax return Vea Household Goods (Artículos domésticos) en la Publicación 561, en inglés, para información sobre la valorización de artículos domésticos, tales como muebles, enseres eléctricos y ropa de cama. Amended michigan tax return Ejemplo. Amended michigan tax return Diana Naranjo donó un abrigo a una tienda de mercancía de segunda mano administrada por su iglesia. Amended michigan tax return Ella pagó $300 por el abrigo hace tres años. Amended michigan tax return Abrigos parecidos se venden en la tienda por $50. Amended michigan tax return El valor justo de mercado del abrigo es $50. Amended michigan tax return La donación de Diana se limita a $50. Amended michigan tax return Automóviles, barcos y aviones. Amended michigan tax return   Si dona un automóvil, barco o avión a una organización caritativa, tiene que determinar su valor justo de mercado. Amended michigan tax return Ciertas empresas y organizaciones comerciales publican guías para determinar el precio de automóviles usados, conocidos como “ blue books ” (libros azules), que contienen precios de venta completos de concesionarios o precios promedio de concesionarios para modelos de años recientes. Amended michigan tax return Las guías pueden ser publicadas mensualmente o por temporadas y para diferentes regiones del país. Amended michigan tax return Estas guías también proveen cómputos aproximados para hacer ajustes correspondientes a equipo poco común, millas recorridas fuera de lo normal y estado físico. Amended michigan tax return Los precios no son “oficiales” y estas publicaciones no se consideran una valorización de ningún bien donado en específico. Amended michigan tax return Pero sí dan una idea para hacer una valorización y sugerir precios relativos que se puedan comparar con ventas y ofertas actuales en su área. Amended michigan tax return   También hay información disponible por Internet acerca del valor de automóviles usados. Amended michigan tax return Ejemplo. Amended michigan tax return Usted hace una donación de un automóvil usado, que está en mal estado, a una escuela secundaria local, para el uso de estudiantes que toman cursos de reparación de vehículos. Amended michigan tax return Una guía de automóviles usados muestra que el valor de venta al por menor del concesionario para este tipo de automóvil en mal estado es de $1,600. Amended michigan tax return Sin embargo, la guía muestra que el precio de venta de un vendedor privado de dicho automóvil es sólo de $750. Amended michigan tax return Se considera que el valor justo de mercado del automóvil es $750. Amended michigan tax return Cantidades grandes. Amended michigan tax return   Si dona una gran cantidad del mismo artículo, el valor justo de mercado es el precio al que se venden cantidades comparables de dicho artículo. Amended michigan tax return Donación de Bienes Cuyo Valor ha Disminuido Si dona bienes con un valor justo de mercado menor que su base en los mismos, su deducción se limita al valor justo de mercado de dichos bienes. Amended michigan tax return No puede reclamar una deducción por la diferencia entre la base de los bienes y el valor justo de mercado de los mismos. Amended michigan tax return Donación de Bienes Cuyo Valor ha Aumentado Si dona bienes con un valor justo de mercado superior a su base en los mismos, es posible que tenga que reducir el valor justo de mercado por la misma cantidad que aumentó el valor cuando se hizo la revaloración cuando calcule su deducción. Amended michigan tax return Su base en los bienes suele ser la cantidad que pagó por los mismos. Amended michigan tax return Vea el capítulo 13 si necesita más información sobre la base. Amended michigan tax return Se aplican distintas reglas al calcular su deducción, según si los bienes son: Bienes de ingreso ordinario o Bienes de ganancias de capital. Amended michigan tax return Bienes de ingreso ordinario. Amended michigan tax return   Los bienes son bienes de ingreso ordinario si en la fecha en que se donaron, su venta al valor justo de mercado le hubiera resultado en un ingreso ordinario o en ganancias de capital a corto plazo para usted. Amended michigan tax return Algunos ejemplos de bienes de ingreso ordinario son inventario, obras de arte creadas por el donante, manuscritos preparados por el donante y bienes de capital (definidos en el capítulo 14) que se tienen por un año o menos. Amended michigan tax return Cantidad de la deducción. Amended michigan tax return   La cantidad que puede deducir por una donación de bienes de ingreso ordinario es el valor justo de mercado del bien, menos la cantidad que, al venderlo por su valor justo de mercado, hubiera resultado en ingreso ordinario o ganancias de capital a corto plazo para usted. Amended michigan tax return Por lo general, esta regla hace que la deducción se limite a su base en los bienes. Amended michigan tax return Ejemplo. Amended michigan tax return Usted dona a su iglesia acciones que tuvo por 5 meses. Amended michigan tax return El valor justo de mercado de las acciones el día en que usted las dona es $1,000, pero usted pagó por ellos sólo $800 (su base). Amended michigan tax return Debido a que los $200 de revalorización serían ganancias de capital a corto plazo si usted vendiera las acciones, su deducción se limita a $800 (valor justo de mercado menos la revalorización). Amended michigan tax return Bienes de ganancias de capital. Amended michigan tax return   Los bienes son bienes de ganancias de capital si en la fecha en que se donaron, su venta al valor justo de mercado hubiera resultado en ganancias de capital a largo plazo para usted. Amended michigan tax return Éstos incluyen bienes de capital que usted ha conservado por más de 1 año, además de ciertos bienes raíces y bienes depreciables que usó en su negocio u ocupación y, normalmente, conservó por más de 1 año. Amended michigan tax return Cantidad de la deducción —regla general. Amended michigan tax return   Al calcular su deducción por una donación de bienes de ganancias de capital, normalmente puede usar el valor justo de mercado de dichos bienes. Amended michigan tax return Excepciones. Amended michigan tax return   En ciertas situaciones, tiene que reducir el valor justo de mercado por la cantidad que le hubiera resultado en ganancias de capital a largo plazo, si hubiera vendido los bienes por su valor justo de mercado. Amended michigan tax return Generalmente, esto significa reducir el valor justo de mercado a que sea igual al costo de los bienes u otra base. Amended michigan tax return Ventas a precios rebajados. Amended michigan tax return   Una venta de bienes a precios rebajados es una venta o intercambio por menos que el valor justo de mercado de los bienes. Amended michigan tax return Una venta a precios rebajados hecha a una organización calificada es, en parte, una donación caritativa y en parte una venta o intercambio. Amended michigan tax return Una venta a precios rebajados podría dar como resultado una ganancia tributable. Amended michigan tax return Información adicional. Amended michigan tax return   Para más información sobre la donación de bienes revalorizados, vea Giving Property That Has Increased in Value (Donación de bienes cuyo valor ha aumentado) en la Publicación 526, en inglés. Amended michigan tax return Cuándo Puede Deducir sus Donaciones Puede deducir sus donaciones únicamente en el año en que de hecho dona el dinero en efectivo u otros bienes (o en un año posterior si se trasladan a dicho año, como se explica más adelante en Cantidades Trasladadas al Año Siguiente ). Amended michigan tax return Esto corresponde independientemente de si utiliza el método contable a base de efectivo o a base de lo devengado. Amended michigan tax return Fecha de la donación. Amended michigan tax return   Normalmente, la donación se considera hecha en la fecha de entrega incondicional de la misma. Amended michigan tax return Cheques. Amended michigan tax return   Un cheque enviado por usted a una organización caritativa se considera entregado en la fecha en que lo envía. Amended michigan tax return Mensaje de texto. Amended michigan tax return    Donaciones hechas por medio de un mensaje de texto se pueden deducir en el año en que envía el mensaje de texto si la donación se le cobra a su cuenta de teléfono o celular. Amended michigan tax return Tarjeta de crédito. Amended michigan tax return    Las donaciones cargadas a su tarjeta de crédito son deducibles en el año en que hace el cargo a su tarjeta de crédito. Amended michigan tax return Pago telefónico. Amended michigan tax return    Si hace su pago por teléfono, se considera que la fecha en que la institución financiera paga esa cantidad es la fecha en que se recibe la donación. Amended michigan tax return Título de acciones. Amended michigan tax return   Se considera que usted ha realizado su donación de un título de acciones, debidamente endosado, a una organización caritativa o al agente de ella, en la misma fecha de envío, o de entrega de otra manera, a la organización caritativa. Amended michigan tax return No obstante, si usted le da un título de acciones a su representante personal o a la sociedad anónima emisora del título para que sea traspasado al nombre de la organización caritativa, su donación no se recibe hasta la fecha en que las acciones sean traspasadas en los libros de la sociedad anónima. Amended michigan tax return Pagaré. Amended michigan tax return   Si emite y entrega un pagaré a una organización caritativa como donación, no se considera una donación hasta que usted haga los pagos sobre el mismo. Amended michigan tax return Opción. Amended michigan tax return    Si le otorga a una organización caritativa una opción para la compra de bienes raíces a precio de oferta, no se considera donación hasta que dicha organización ejecute la opción. Amended michigan tax return Fondos de un préstamo. Amended michigan tax return   Si hace una donación con fondos obtenidos de un préstamo, puede deducir la donación en el año en que envíe los fondos a la organización caritativa, independientemente de cuándo reintegre el préstamo. Amended michigan tax return Límites sobre Deducciones La cantidad de su deducción por donaciones caritativas no puede exceder del 50% de su ingreso bruto ajustado (AGI, por sus siglas en inglés). Amended michigan tax return Su deducción puede ser limitada aun mas al 30% o 20% de su AGI, según el tipo de bienes que done y el tipo de organización a la cual se los done. Amended michigan tax return Si el total de sus donaciones del año entero son iguales al 20% o menos de su AGI, estos límites no le corresponden a usted. Amended michigan tax return Los límites se explican en detalle bajo Limits on Deductions (Límites sobre deducciones), en la Publicación 526, en inglés. Amended michigan tax return Un límite superior aplica a determinadas donaciones calificadas destinadas a proyectos de conservación. Amended michigan tax return Vea la Publicación 526, disponible en inglés, para más detalles. Amended michigan tax return Cantidades Trasladadas al Año Siguiente Puede trasladar al año siguiente las donaciones que no pudo deducir en el año en curso debido a que sobrepasan los límites de su ingreso bruto ajustado. Amended michigan tax return Puede deducir dicho exceso en cada uno de los 5 años siguientes hasta que haya deducido la cantidad entera, pero no más allá de esa fecha. Amended michigan tax return Para más información, vea Carryovers (Cantidades trasladadas al año siguiente) en la Publicación 526, en inglés. Amended michigan tax return Documentación que se Debe Mantener Tiene que conservar documentación para comprobar la cantidad de cada donación que usted hizo durante el año. Amended michigan tax return El tipo de documentos que tiene que conservar depende de la cantidad de las donaciones y de si son: Donaciones en efectivo, Donaciones que no sean en efectivo o Gastos de bolsillo en los que se ha incurrido al donar servicios. Amended michigan tax return Nota: Por lo general, una organización tiene que darle una declaración escrita si recibe de usted un pago superior a $75 que es en parte una donación y en parte a cambio de bienes y servicios. Amended michigan tax return (Vea la sección Donaciones de las Cuales Usted se Beneficia bajo Donaciones que Puede Deducir , anteriormente). Amended michigan tax return Conserve la declaración escrita con su documentación. Amended michigan tax return Es posible que ésta cumpla todos o parte de los requisitos de documentación, que se explican más adelante. Amended michigan tax return Donaciones en Efectivo Las donaciones en efectivo incluyen aquéllas que se pagan con dinero en efectivo, por cheque, transferencia de fondos electrónica, tarjeta de crédito, tarjeta de débito, o deducción de nómina. Amended michigan tax return No puede deducir una donación hecha en efectivo, cualquiera que sea la cantidad, a no ser que guarde uno de los siguientes documentos: Documentación bancaria que muestre el nombre de la organización caritativa calificada, la fecha de la donación y la cantidad de la donación. Amended michigan tax return La documentación bancaria puede incluir: Un cheque cancelado, Un estado de cuentas bancario o de una cooperativa de crédito o Un estado de cuentas de tarjeta de crédito. Amended michigan tax return Un recibo (o una carta u otra comunicación escrita) de la organización calificada en el cual aparezcan el nombre de dicha organización, la fecha de la donación y la cantidad de la donación. Amended michigan tax return Los registros de nómina descritos a continuación. Amended michigan tax return Deducciones de nómina. Amended michigan tax return   Si usted hace donaciones por deducción de nómina, tiene que guardar: Un talón de cheque, Formulario W-2 u otro documento proporcionado por su empleador en el cual se indican la fecha y cantidad de la donación y Una tarjeta de compromiso u otro documento preparado por o para la organización calificada en el cual se indica el nombre de dicha organización. Amended michigan tax return Si su empleador retuvo $250 o más de un solo cheque de pago, vea Donaciones de $250 o Más , a continuación. Amended michigan tax return Donaciones de $250 o Más Puede reclamar una deducción por una donación de $250 o más sólo si tiene un acuse de recibo de su donación emitido por la organización calificada o si tiene cierta documentación correspondiente a las deducciones de nómina. Amended michigan tax return Si hizo más de una sola donación en la cantidad de $250 o más, tiene que tener un acuse de recibo separado para cada una o un solo acuse de recibo que muestre cada donación, la fecha de cada donación y el total de sus donaciones. Amended michigan tax return Cantidad de la donación. Amended michigan tax return   Al calcular si su donación es de $250 o más, no combine donaciones separadas. Amended michigan tax return Por ejemplo, si donaba a su iglesia $25 por semana, los pagos semanales no tienen que sumarse. Amended michigan tax return Cada pago se considera una donación separada. Amended michigan tax return   Si se hacen donaciones por deducción de nómina, la deducción de cada cheque de pago se considera una donación separada. Amended michigan tax return   Si hizo un pago que fuera en parte a cambio de bienes y servicios, como se describe anteriormente bajo Donaciones de las Cuales Usted se Beneficia , su donación es la cantidad del pago que sea mayor al valor de los bienes y servicios. Amended michigan tax return Acuse de recibo. Amended michigan tax return   El acuse de recibo tiene que reunir los siguientes requisitos: Tiene que ser por escrito. Amended michigan tax return Tiene que incluir: La cantidad de dinero en efectivo que donó, Si la organización calificada le dio a usted algún bien o servicio como resultado de su donación (que no sea un artículo simbólico o beneficios de afiliación), Una descripción y cómputo aproximado de buena fe del valor de todos los bienes o servicios descritos en (b) (que no sean beneficios religiosos intangibles) y Una declaración escrita explicando que el único beneficio que usted recibió fue un beneficio religioso intangible, si ése fue el caso. Amended michigan tax return En el acuse de recibo no se necesita describir ni estimar el valor del beneficio religioso intangible. Amended michigan tax return Un beneficio religioso intangible es un beneficio que no se suele vender en transacciones comerciales fuera del contexto de donación (regalo). Amended michigan tax return Un ejemplo, es la entrada a una ceremonia religiosa. Amended michigan tax return Tiene que obtenerlo a más tardar en la fecha más temprana entre las siguientes: La fecha en que usted presenta su declaración de impuestos para el año en que haya hecho la donación o La fecha de vencimiento, incluyendo prórrogas, para presentar la declaración de impuestos. Amended michigan tax return   Si la fecha de la donación no se indica en el acuse de recibo, tiene que tener además documentación bancaria o un recibo, como se describe anteriormente, en el que sí se indica la fecha de la donación. Amended michigan tax return Si el acuse de recibo indica la fecha de la donación y reúne los demás requisitos descritos anteriormente, usted no necesita otra documentación. Amended michigan tax return Deducciones de nómina. Amended michigan tax return   Si hace una donación por medio de deducción de nómina y su empleador retuvo $250 o más de un solo cheque de pago, usted tiene que guardar: Un talón de cheque, Formulario W-2 u otro documento proporcionado por su empleador en el cual se indica la cantidad retenida como donación y Una tarjeta de compromiso u otro documento preparado por o para la organización calificada en el cual se indica el nombre de dicha organización afirmando que dicha organización no provee bienes o servicios a cambio de donaciones hechas por deducción de nómina. Amended michigan tax return Puede guardar una sola tarjeta de compromiso para toda donación hecha por deducción de nómina, cualquiera que sea la cantidad, siempre y cuando contenga toda la información requerida. Amended michigan tax return   Si el talón de cheque, Formulario W-2, tarjeta de compromiso u otro documento no muestra la fecha de la donación, usted tiene que tener otro documento adicional que muestre dicha fecha. Amended michigan tax return Si el talón de cheque, Formulario W-2, tarjeta de compromiso u otro documento sí muestra la fecha de la donación, no necesita otra documentación a excepción de la que acaba de describirse anteriormente en los puntos (1) y (2). Amended michigan tax return Donaciones que no Sean en Efectivo En el caso de una donación que no sea en efectivo, la documentación que tiene que guardar depende de si su deducción por la donación es: Menos de $250, Por lo menos $250 pero no más de $500, Más de $500 pero no más de $5,000 o Más de $5,000. Amended michigan tax return Cantidad de la deducción. Amended michigan tax return   Al calcular si su deducción es de $500 o más, sume las deducciones declaradas por todo artículo de propiedad parecida donada a alguna organización caritativa durante el año. Amended michigan tax return   Si recibió bienes o servicios a cambio, como se describe anteriormente en Donaciones de las Cuales Usted se Beneficia , reduzca su donación por el valor de aquellos bienes o servicios. Amended michigan tax return Si calcula su deducción disminuyendo el valor justo de mercado de los bienes donados por la cantidad que dicho valor aumentó desde su compra del artículo, como se describe anteriormente en Donación de Bienes Cuyo Valor ha Aumentado , su donación corresponde a la cantidad disminuida. Amended michigan tax return Donaciones Menores de $250 Si hace alguna donación que no sea en efectivo, tendrá que obtener y guardar un recibo emitido por la organización caritativa en el cual se indican: El nombre de la organización caritativa, La fecha y el sitio de la donación caritativa y Una descripción razonablemente detallada de los bienes. Amended michigan tax return Una carta u otra comunicación escrita de la organización caritativa que acuse recibo de la donación e incluya la información en los puntos (1), (2) y (3) servirá de recibo. Amended michigan tax return No está obligado a tener un recibo cuando sea poco factible obtener uno (por ejemplo, si deja bienes en un punto de recogida no atendido de una organización caritativa). Amended michigan tax return Documentación adicional. Amended michigan tax return   También tiene que mantener documentación escrita confiable por cada artículo de propiedad donada. Amended michigan tax return La documentación escrita tiene que incluir la siguiente información: El nombre y dirección de la organización a la cual hizo la donación. Amended michigan tax return La fecha y sitio de la donación. Amended michigan tax return Una descripción razonablemente detallada de los bienes dadas las circunstancias. Amended michigan tax return Para valores bursátiles, guarde el nombre del emisor, el tipo de los valores y si se comercializan regularmente en una bolsa de valores o mercado secundario. Amended michigan tax return El valor justo de mercado de los bienes en la