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

TurboTax Federal Free Edition - File Taxes Online

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

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


© 2012 - 2018 All rights reserved.

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

Bankruptcy Back Taxes

Free Tax Filing For 2010I Need 2011 Tax Software2014 1040ez FormHow To File 1040x OnlineLast Day To File Taxes 2014Can I Efile An Amended Tax ReturnIrs 2008 Tax FormsTaxact Login Tax Return Taxact Login Page Taxact Sign Page1040 NowEfile Tax Calculator2005 Tax ReturnTax Preparation For Military2008 1040xFree Federal Tax ReturnFile A Amended Tax Return OnlineTax ReturnState TaxesFree Turbo Tax 20132010 1040ez InstructionsFile An Amended Tax ReturnIrs Where Mail 1040ezFederal Tax Return Forms 1040ezHow To Amend 2010 Tax ReturnFreetaxusa 2009Filing Amended Tax Return 20091040x Instructions For DummiesAmmend Tax ReturnIrs 1040ez Form 2011How To File 1040nr Ez2010 1040Hrblock TaxcutIrs Form1040ezFree E File 2011How To File A Amended Tax Return For 2011H & R Block Free File 2012Free E File 1040xTaxes 2011File State Income TaxWhere Can I File 2012 TaxesFree Income Tax Forms

Bankruptcy Back Taxes

Bankruptcy back taxes 2. Bankruptcy back taxes   Taxable and Nontaxable Income Table of Contents Compensation for Services Retirement Plan DistributionsIndividual Retirement Arrangements (IRAs) Pensions and Annuities Social Security and Equivalent Railroad Retirement BenefitsAre Any of Your Benefits Taxable? How Much Is Taxable? How To Report Your Benefits Lump-Sum Election Repayments More Than Gross Benefits Sickness and Injury BenefitsDisability Pensions Long-Term Care Insurance Contracts Workers' Compensation Other Sickness and Injury Benefits Life Insurance ProceedsInstallments for life. Bankruptcy back taxes Surviving spouse. Bankruptcy back taxes Endowment Contract Proceeds Accelerated Death Benefits Sale of HomeMaximum Amount of Exclusion Ownership and Use Tests Married Persons Business Use or Rental of Home Reporting the Sale Reverse Mortgages Other ItemsWelfare benefits. Bankruptcy back taxes Payments from a state fund for victims of crime. Bankruptcy back taxes Home Affordable Modification Program (HAMP). Bankruptcy back taxes Mortgage assistance payments. Bankruptcy back taxes Payments to reduce cost of winter energy use. Bankruptcy back taxes Nutrition Program for the Elderly. Bankruptcy back taxes Reemployment Trade Adjustment Assistance (RTAA). Bankruptcy back taxes Generally, income is taxable unless it is specifically exempt (not taxed) by law. Bankruptcy back taxes Your taxable income may include compensation for services, interest, dividends, rents, royalties, income from partnerships, estate or trust income, gain from sales or exchanges of property, and business income of all kinds. Bankruptcy back taxes Under special provisions of the law, certain items are partially or fully exempt from tax. Bankruptcy back taxes Provisions that are of special interest to older taxpayers are discussed in this chapter. Bankruptcy back taxes Compensation for Services Generally, you must include in gross income everything you receive in payment for personal services. Bankruptcy back taxes In addition to wages, salaries, commissions, fees, and tips, this includes other forms of compensation such as fringe benefits and stock options. Bankruptcy back taxes You need not receive the compensation in cash for it to be taxable. Bankruptcy back taxes Payments you receive in the form of goods or services generally must be included in gross income at their fair market value. Bankruptcy back taxes Volunteer work. Bankruptcy back taxes   Do not include in your gross income amounts you receive for supportive services or reimbursements for out-of-pocket expenses under any of the following volunteer programs. Bankruptcy back taxes Retired Senior Volunteer Program (RSVP). Bankruptcy back taxes Foster Grandparent Program. Bankruptcy back taxes Senior Companion Program. Bankruptcy back taxes Service Corps of Retired Executives (SCORE). Bankruptcy back taxes Unemployment compensation. Bankruptcy back taxes   You must include in income all unemployment compensation you or your spouse (if married filing jointly) received. Bankruptcy back taxes More information. Bankruptcy back taxes   See Publication 525, Taxable and Nontaxable Income, for more detailed information on specific types of income. Bankruptcy back taxes Retirement Plan Distributions This section summarizes the tax treatment of amounts you receive from traditional individual retirement arrangements (IRA), employee pensions or annuities, and disability pensions or annuities. Bankruptcy back taxes A traditional IRA is any IRA that is not a Roth or SIMPLE IRA. Bankruptcy back taxes A Roth IRA is an individual retirement plan that can be either an account or an annuity and features nondeductible contributions and tax-free distributions. Bankruptcy back taxes A SIMPLE IRA is a tax-favored retirement plan that certain small employers (including self-employed individuals) can set up for the benefit of their employees. Bankruptcy back taxes More detailed information can be found in Publication 590, Individual Retirement Arrangements (IRAs), and Publication 575, Pension and Annuity Income. Bankruptcy back taxes Individual Retirement Arrangements (IRAs) In general, distributions from a traditional IRA are taxable in the year you receive them. Bankruptcy back taxes Exceptions to the general rule are rollovers, tax-free withdrawals of contributions, and the return of nondeductible contributions. Bankruptcy back taxes These are discussed in Publication 590. Bankruptcy back taxes If you made nondeductible contributions to a traditional IRA, you must file Form 8606, Nondeductible IRAs. Bankruptcy back taxes If you do not file Form 8606 with your return, you may have to pay a $50 penalty. Bankruptcy back taxes Also, when you receive distributions from your traditional IRA, the amounts will be taxed unless you can show, with satisfactory evidence, that nondeductible contributions were made. Bankruptcy back taxes Early distributions. Bankruptcy back taxes   Generally, early distributions are amounts distributed from your traditional IRA account or annuity before you are age 59½, or amounts you receive when you cash in retirement bonds before you are age  59½. Bankruptcy back taxes You must include early distributions of taxable amounts in your gross income. Bankruptcy back taxes These taxable amounts are also subject to an additional 10% tax unless the distribution qualifies for an exception. Bankruptcy back taxes For purposes of the additional 10% tax, an IRA is a qualified retirement plan. Bankruptcy back taxes For more information about this tax, see Tax on Early Distributions under Pensions and Annuities, later. Bankruptcy back taxes After age 59½ and before age 70½. Bankruptcy back taxes   After you reach age 59½, you can receive distributions from your traditional IRA without having to pay the 10% additional tax. Bankruptcy back taxes Even though you can receive distributions after you reach age 59½, distributions are not required until you reach  age 70½. Bankruptcy back taxes Required distributions. Bankruptcy back taxes   If you are the owner of a traditional IRA, you generally must receive the entire balance in your IRA or start receiving periodic distributions from your IRA by April 1 of the year following the year in which you reach age 70½. Bankruptcy back taxes See When Must You Withdraw Assets? (Required Minimum Distributions) in Publication 590. Bankruptcy back taxes If distributions from your traditional IRA(s) are less than the required minimum distribution for the year, you may have to pay a 50% excise tax for that year on the amount not distributed as required. Bankruptcy back taxes For purposes of the 50% excise tax, an IRA is a qualified retirement plan. Bankruptcy back taxes For more information about this tax, see Tax on Excess Accumulation under Pensions and Annuities, later. Bankruptcy back taxes See also Excess Accumulations (Insufficient Distributions) in Publication 590. Bankruptcy back taxes Pensions and Annuities Generally, if you did not pay any part of the cost of your employee pension or annuity, and your employer did not withhold part of the cost of the contract from your pay while you worked, the amounts you receive each year are fully taxable. Bankruptcy back taxes However, see Insurance Premiums for Retired Public Safety Officers , later. Bankruptcy back taxes If you paid part of the cost of your pension or annuity plan (see Cost , later), you can exclude part of each annuity payment from income as a recovery of your cost (investment in the contract). Bankruptcy back taxes This tax-free part of the payment is figured when your annuity starts and remains the same each year, even if the amount of the payment changes. Bankruptcy back taxes The rest of each payment is taxable. Bankruptcy back taxes However, see Insurance Premiums for Retired Public Safety Officers , later. Bankruptcy back taxes You figure the tax-free part of the payment using one of the following methods. Bankruptcy back taxes Simplified Method. Bankruptcy back taxes You generally must use this method if your annuity is paid under a qualified plan (a qualified employee plan, a qualified employee annuity, or a tax-sheltered annuity plan or contract). Bankruptcy back taxes You cannot use this method if your annuity is paid under a nonqualified plan. Bankruptcy back taxes General Rule. Bankruptcy back taxes You must use this method if your annuity is paid under a nonqualified plan. Bankruptcy back taxes You generally cannot use this method if your annuity is paid under a qualified plan. Bankruptcy back taxes Contact your employer or plan administrator to find out if your pension or annuity is paid under a qualified or nonqualified plan. Bankruptcy back taxes You determine which method to use when you first begin receiving your annuity, and you continue using it each year that you recover part of your cost. Bankruptcy back taxes Exclusion limit. Bankruptcy back taxes   If your annuity starting date is after 1986, the total amount of annuity income you can exclude over the years as a recovery of the cost cannot exceed your total cost. Bankruptcy back taxes Any unrecovered cost at your (or the last annuitant's) death is allowed as a miscellaneous itemized deduction on the final return of the decedent. Bankruptcy back taxes This deduction is not subject to the 2%-of-adjusted-gross-income limit on miscellaneous deductions. Bankruptcy back taxes   If you contributed to your pension or annuity and your annuity starting date is before 1987, you can continue to take your monthly exclusion for as long as you receive your annuity. Bankruptcy back taxes If you chose a joint and survivor annuity, your survivor can continue to take the survivor's exclusion figured as of the annuity starting date. Bankruptcy back taxes The total exclusion may be more than your cost. Bankruptcy back taxes Cost. Bankruptcy back taxes   Before you can figure how much, if any, of your pension or annuity benefits are taxable, you must determine your cost in the plan (your investment in the contract). Bankruptcy back taxes Your total cost in the plan includes everything that you paid. Bankruptcy back taxes It also includes amounts your employer contributed that were taxable to you when paid. Bankruptcy back taxes However, see Foreign employment contributions , later. Bankruptcy back taxes   From this total cost, subtract any refunded premiums, rebates, dividends, unrepaid loans, or other tax-free amounts you received by the later of the annuity starting date or the date on which you received your first payment. Bankruptcy back taxes   The annuity starting date is the later of the first day of the first period for which you received a payment from the plan or the date on which the plan's obligations became fixed. Bankruptcy back taxes    The amount of your contributions to the plan may be shown in box 9b of any Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Bankruptcy back taxes , that you receive. Bankruptcy back taxes Foreign employment contributions. Bankruptcy back taxes   If you worked abroad, certain amounts your employer paid into your retirement plan that were not includible in your gross income may be considered part of your cost. Bankruptcy back taxes For details, see Foreign employment contributions in Publication 575. Bankruptcy back taxes Withholding. Bankruptcy back taxes   The payer of your pension, profit-sharing, stock bonus, annuity, or deferred compensation plan will withhold income tax on the taxable part of amounts paid to you. Bankruptcy back taxes However, you can choose not to have tax withheld on the payments you receive, unless they are eligible rollover distributions. Bankruptcy back taxes (These are distributions that are eligible for rollover treatment but are not paid directly to another qualified retirement plan or to a traditional IRA. Bankruptcy back taxes ) See Withholding Tax and Estimated Tax and Rollovers in Publication 575 for more information. Bankruptcy back taxes   For payments other than eligible rollover distributions, you can tell the payer how much to withhold by filing a Form W-4P, Withholding Certificate for Pension or Annuity Payments. Bankruptcy back taxes Simplified Method. Bankruptcy back taxes   Under the Simplified Method, you figure the tax-free part of each annuity payment by dividing your cost by the total number of anticipated monthly payments. Bankruptcy back taxes For an annuity that is payable over the lives of the annuitants, this number is based on the annuitants' ages on the annuity starting date and is determined from a table. Bankruptcy back taxes For any other annuity, this number is the number of monthly annuity payments under the contract. Bankruptcy back taxes Who must use the Simplified Method. Bankruptcy back taxes   You must use the Simplified Method if your annuity starting date is after November 18, 1996, and you receive your pension or annuity payments from a qualified plan or annuity, unless you were at least 75 years old and entitled to at least 5 years of guaranteed payments (defined next). Bankruptcy back taxes   In addition, if your annuity starting date is after July 1, 1986, and before November 19, 1996, you could have chosen to use the Simplified Method for payments from a qualified plan, unless you were at least 75 years old and entitled to at least 5 years of guaranteed payments. Bankruptcy back taxes If you chose to use the Simplified Method, you must continue to use it each year that you recover part of your cost. Bankruptcy back taxes Guaranteed payments. Bankruptcy back taxes   Your annuity contract provides guaranteed payments if a minimum number of payments or a minimum amount (for example, the amount of your investment) is payable even if you and any survivor annuitant do not live to receive the minimum. Bankruptcy back taxes If the minimum amount is less than the total amount of the payments you are to receive, barring death, during the first 5 years after payments begin (figured by ignoring any payment increases), you are entitled to less than 5 years of guaranteed payments. Bankruptcy back taxes Who cannot use the Simplified Method. Bankruptcy back taxes   You cannot use the Simplified Method and must use the General Rule if you receive pension or annuity payments from: A nonqualified plan, such as a private annuity, a purchased commercial annuity, or a nonqualified employee plan, or A qualified plan if you are age 75 or older on your annuity starting date and you are entitled to at least 5 years of guaranteed payments (defined above). Bankruptcy back taxes   In addition, you had to use the General Rule for either circumstance described above if your annuity starting date is after July 1, 1986, and before November 19, 1996. Bankruptcy back taxes If you did not have to use the General Rule, you could have chosen to use it. Bankruptcy back taxes You also had to use the General Rule for payments from a qualified plan if your annuity starting date is before July 2, 1986, and you did not qualify to use the Three-Year Rule. Bankruptcy back taxes   If you had to use the General Rule (or chose to use it), you must continue to use it each year that you recover your cost. Bankruptcy back taxes   Unless your annuity starting date was before 1987, once you have recovered all of your non-taxable investment, all of each remaining payment you receive is fully taxable. Bankruptcy back taxes Once your remaining payments are fully taxable, there is no longer a concern with the General Rule or Simplified Method. Bankruptcy back taxes   Complete information on the General Rule, including the actuarial tables you need, is contained in Publication 939, General Rule for Pensions and Annuities. Bankruptcy back taxes How to use the Simplified Method. Bankruptcy back taxes   Complete the Simplified Method Worksheet in the Form 1040, Form 1040A, or Form 1040NR instructions or in Publication 575 to figure your taxable annuity for 2013. Bankruptcy back taxes Be sure to keep the completed worksheet; it will help you figure your taxable annuity next year. Bankruptcy back taxes   To complete line 3 of the worksheet, you must determine the total number of expected monthly payments for your annuity. Bankruptcy back taxes How you do this depends on whether the annuity is for a single life, multiple lives, or a fixed period. Bankruptcy back taxes For this purpose, treat an annuity that is payable over the life of an annuitant as payable for that annuitant's life even if the annuity has a fixed-period feature or also provides a temporary annuity payable to the annuitant's child under age 25. Bankruptcy back taxes    You do not need to complete line 3 of the worksheet or make the computation on line 4 if you received annuity payments last year and used last year's worksheet to figure your taxable annuity. Bankruptcy back taxes Instead, enter the amount from line 4 of last year's worksheet on line 4 of this year's worksheet. Bankruptcy back taxes Single-life annuity. Bankruptcy back taxes   If your annuity is payable for your life alone, use Table 1 at the bottom of the worksheet to determine the total number of expected monthly payments. Bankruptcy back taxes Enter on line 3 the number shown for your age on your annuity starting date. Bankruptcy back taxes This number will differ depending on whether your annuity starting date is before November 19, 1996, or after November 18, 1996. Bankruptcy back taxes Multiple-lives annuity. Bankruptcy back taxes   If your annuity is payable for the lives of more than one annuitant, use Table 2 at the bottom of the worksheet to determine the total number of expected monthly payments. Bankruptcy back taxes Enter on line 3 the number shown for the annuitants' combined ages on the annuity starting date. Bankruptcy back taxes For an annuity payable to you as the primary annuitant and to more than one survivor annuitant, combine your age and the age of the youngest survivor annuitant. Bankruptcy back taxes For an annuity that has no primary annuitant and is payable to you and others as survivor annuitants, combine the ages of the oldest and youngest annuitants. Bankruptcy back taxes Do not treat as a survivor annuitant anyone whose entitlement to payments depends on an event other than the primary annuitant's death. Bankruptcy back taxes   However, if your annuity starting date is before 1998, do not use Table 2 and do not combine the annuitants' ages. Bankruptcy back taxes Instead, you must use Table 1 at the bottom of the worksheet and enter on line 3 the number shown for the primary annuitant's age on the annuity starting date. Bankruptcy back taxes This number will differ depending on whether your annuity starting date is before November 19, 1996, or after November 18, 1996. Bankruptcy back taxes Fixed-period annuities. Bankruptcy back taxes   If your annuity does not depend in whole or in part on anyone's life expectancy, the total number of expected monthly payments to enter on line 3 of the worksheet is the number of monthly annuity payments under the contract. Bankruptcy back taxes Line 6. Bankruptcy back taxes   The amount on line 6 should include all amounts that could have been recovered in prior years. Bankruptcy back taxes If you did not recover an amount in a prior year, you may be able to amend your returns for the affected years. Bankruptcy back taxes    Be sure to keep a copy of the completed worksheet; it will help you figure your taxable annuity in later years. Bankruptcy back taxes Example. Bankruptcy back taxes Bill Smith, age 65, began receiving retirement benefits in 2013, under a joint and survivor annuity. Bankruptcy back taxes Bill's annuity starting date is January 1, 2013. Bankruptcy back taxes The benefits are to be paid over the joint lives of Bill and his wife, Kathy, age 65. Bankruptcy back taxes Bill had contributed $31,000 to a qualified plan and had received no distributions before the annuity starting date. Bankruptcy back taxes Bill is to receive a retirement benefit of $1,200 a month, and Kathy is to receive a monthly survivor benefit of $600 upon Bill's death. Bankruptcy back taxes Bill must use the Simplified Method to figure his taxable annuity because his payments are from a qualified plan and he is under age 75. Bankruptcy back taxes See the illustrated Worksheet 2-A, Simplified Method Worksheet, later. Bankruptcy back taxes You can find a blank version of this worksheet in Publication 575. Bankruptcy back taxes (The references in the illustrated worksheet are to sections in Publication 575). Bankruptcy back taxes His annuity is payable over the lives of more than one annuitant, so Bill uses his and Kathy's combined ages, 130 (65 + 65), and Table 2 at the bottom of the worksheet in completing line 3 of the worksheet and finds the line 3 amount to be 310. Bankruptcy back taxes Bill's tax-free monthly amount is $100 ($31,000 ÷ 310 as shown on line 4 of the worksheet). Bankruptcy back taxes Upon Bill's death, if Bill has not recovered the full $31,000 investment, Kathy will also exclude $100 from her $600 monthly payment. Bankruptcy back taxes The full amount of any annuity payments received after 310 payments are paid must generally be included in gross income. Bankruptcy back taxes If Bill and Kathy die before 310 payments are made, a miscellaneous itemized deduction will be allowed for the unrecovered cost on the final income tax return of the last to die. Bankruptcy back taxes This deduction is not subject to the 2%-of-adjusted-gross-income limit. Bankruptcy back taxes Worksheet 2-A. Bankruptcy back taxes Simplified Method Worksheet—Illustrated 1. Bankruptcy back taxes Enter the total pension or annuity payments received this year. Bankruptcy back taxes Also, add this amount to the total for Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a 1. Bankruptcy back taxes $ 14,400 2. Bankruptcy back taxes Enter your cost in the plan (contract) at the annuity starting date plus any death benefit exclusion* See Cost (Investment in the Contract), earlier 2. Bankruptcy back taxes 31,000   Note. Bankruptcy back taxes If your annuity starting date was before this year and you completed this worksheet last year, skip line 3 and enter the amount from line 4 of last year's worksheet on line 4 below (even if the amount of your pension or annuity has changed). Bankruptcy back taxes Otherwise, go to line 3. Bankruptcy back taxes     3. Bankruptcy back taxes Enter the appropriate number from Table 1 below. Bankruptcy back taxes But if your annuity starting date was after 1997 and the payments are for your life and that of your beneficiary, enter the appropriate number from Table 2 below 3. Bankruptcy back taxes 310 4. Bankruptcy back taxes Divide line 2 by the number on line 3 4. Bankruptcy back taxes 100 5. Bankruptcy back taxes Multiply line 4 by the number of months for which this year's payments were made. Bankruptcy back taxes If your annuity starting date was before 1987, enter this amount on line 8 below and skip lines 6, 7, 10, and 11. Bankruptcy back taxes Otherwise, go to line 6 5. Bankruptcy back taxes 1,200 6. Bankruptcy back taxes Enter any amount previously recovered tax free in years after 1986. Bankruptcy back taxes This is the amount shown on line 10 of your worksheet for last year 6. Bankruptcy back taxes 0 7. Bankruptcy back taxes Subtract line 6 from line 2 7. Bankruptcy back taxes 31,000 8. Bankruptcy back taxes Enter the smaller of line 5 or line 7 8. Bankruptcy back taxes 1,200 9. Bankruptcy back taxes Taxable amount for year. Bankruptcy back taxes Subtract line 8 from line 1. Bankruptcy back taxes Enter the result, but not less than zero. Bankruptcy back taxes Also, add this amount to the total for Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b. Bankruptcy back taxes Note. Bankruptcy back taxes If your Form 1099-R shows a larger taxable amount, use the amount figured on this line instead. Bankruptcy back taxes If you are a retired public safety officer, see Insurance Premiums for Retired Public Safety Officers, earlier, before entering an amount on your tax return. Bankruptcy back taxes 9. Bankruptcy back taxes $ 13,200 10. Bankruptcy back taxes Was your annuity starting date before 1987? □ Yes. Bankruptcy back taxes STOP. Bankruptcy back taxes Do not complete the rest of this worksheet. Bankruptcy back taxes  ☑ No. Bankruptcy back taxes Add lines 6 and 8. Bankruptcy back taxes This is the amount you have recovered tax free through 2013. Bankruptcy back taxes You will need this number if you need to fill out this worksheet next year. Bankruptcy back taxes 10. Bankruptcy back taxes 1,200 11. Bankruptcy back taxes Balance of cost to be recovered. Bankruptcy back taxes Subtract line 10 from line 2. Bankruptcy back taxes If zero, you will not have to complete this worksheet next year. Bankruptcy back taxes The payments you receive next year will generally be fully taxable 11. Bankruptcy back taxes $ 29,800 * A death benefit exclusion (up to $5,000) applied to certain benefits received by employees who died before August 21, 1996. Bankruptcy back taxes   Table 1 for Line 3 Above       AND your annuity starting date was—   IF your age on your annuity starting date was . Bankruptcy back taxes . Bankruptcy back taxes . Bankruptcy back taxes   BEFORE November 19, 1996, enter on line 3 . Bankruptcy back taxes . Bankruptcy back taxes . Bankruptcy back taxes AFTER November 18, 1996, enter on line 3 . Bankruptcy back taxes . Bankruptcy back taxes . Bankruptcy back taxes   55 or under 300 360   56-60 260 310   61-65 240 260   66-70 170 210   71 or over 120 160 Table 2 for Line 3 Above   IF the annuitants' combined ages on your annuity starting date were . Bankruptcy back taxes . Bankruptcy back taxes . Bankruptcy back taxes   THEN enter on line 3 . Bankruptcy back taxes . Bankruptcy back taxes . Bankruptcy back taxes         110 or under   410         111-120   360         121-130   310         131-140   260         141 or over   210       Survivors of retirees. Bankruptcy back taxes   Benefits paid to you as a survivor under a joint and survivor annuity must be included in your gross income in the same way the retiree would have included them in gross income. Bankruptcy back taxes   If you receive a survivor annuity because of the death of a retiree who had reported the annuity under the Three-Year Rule, include the total received in your income. Bankruptcy back taxes The retiree's cost has already been recovered tax free. Bankruptcy back taxes   If the retiree was reporting the annuity payments under the General Rule, you must apply the same exclusion percentage the retiree used to your initial payment called for in the contract. Bankruptcy back taxes The resulting tax-free amount will then remain fixed. Bankruptcy back taxes Any increases in the survivor annuity are fully taxable. Bankruptcy back taxes   If the retiree was reporting the annuity payments under the Simplified Method, the part of each payment that is tax free is the same as the tax-free amount figured by the retiree at the annuity starting date. Bankruptcy back taxes See Simplified Method , earlier. Bankruptcy back taxes How to report. Bankruptcy back taxes   If you file Form 1040, report your total annuity on line 16a, and the taxable part on line 16b. Bankruptcy back taxes If your pension or annuity is fully taxable, enter it on line 16b. Bankruptcy back taxes Do not make an entry on line 16a. Bankruptcy back taxes   If you file Form 1040A, report your total annuity on line 12a, and the taxable part on line 12b. Bankruptcy back taxes If your pension or annuity is fully taxable, enter it on line 12b. Bankruptcy back taxes Do not make an entry on line 12a. Bankruptcy back taxes   If you file Form 1040NR, report your total annuity on line 17a, and the taxable part on line 17b. Bankruptcy back taxes If your pension or annuity is fully taxable, enter it on line 17b. Bankruptcy back taxes Do not make an entry on line 17a. Bankruptcy back taxes Example. Bankruptcy back taxes You are a Form 1040 filer and you received monthly payments totaling $1,200 (12 months x $100) during 2013 from a pension plan that was completely financed by your employer. Bankruptcy back taxes You had paid no tax on the payments that your employer made to the plan, and the payments were not used to pay for accident, health, or long-term care insurance premiums (as discussed later under Insurance Premiums for Retired Public Safety Officers ). Bankruptcy back taxes The entire $1,200 is taxable. Bankruptcy back taxes You include $1,200 only on Form 1040, line 16b. Bankruptcy back taxes Joint return. Bankruptcy back taxes   If you file a joint return and you and your spouse each receive one or more pensions or annuities, report the total of the pensions and annuities on line 16a of Form 1040, line 12a of Form 1040A, or line 17a of Form 1040NR. Bankruptcy back taxes Report the total of the taxable parts on line 16b of Form 1040, line 12b of Form 1040A, or line 17b of Form 1040NR. Bankruptcy back taxes Form 1099-R. Bankruptcy back taxes   You should receive a Form 1099-R for your pension or annuity. Bankruptcy back taxes Form 1099-R shows your pension or annuity for the year and any income tax withheld. Bankruptcy back taxes You should receive a Form W-2 if you receive distributions from certain nonqualified plans. Bankruptcy back taxes You must attach Forms 1099-R or Forms W-2 to your 2013 tax return if federal income tax was withheld. Bankruptcy back taxes Generally, you should be sent these forms by January 31, 2014. Bankruptcy back taxes Nonperiodic Distributions If you receive a nonperiodic distribution from your retirement plan, you may be able to exclude all or part of it from your income as a recovery of your cost. Bankruptcy back taxes Nonperiodic distributions include cash withdrawals, distributions of current earnings (dividends) on your investment, and certain loans. Bankruptcy back taxes For information on how to figure the taxable amount of a nonperiodic distribution, see Taxation of Nonperiodic Payments in Publication 575. Bankruptcy back taxes The taxable part of a nonperiodic distribution may be subject to an additional 10% tax. Bankruptcy back taxes See Tax on Early Distributions, later. Bankruptcy back taxes Lump-sum distributions. Bankruptcy back taxes   If you receive a lump-sum distribution from a qualified employee plan or qualified employee annuity and the plan participant was born before January 2, 1936, you may be able to elect optional methods of figuring the tax on the distribution. Bankruptcy back taxes The part from active participation in the plan before 1974 may qualify as capital gain subject to a 20% tax rate. Bankruptcy back taxes The part from participation after 1973 (and any part from participation before 1974 that you do not report as capital gain) is ordinary income. Bankruptcy back taxes You may be able to use the 10-year tax option to figure tax on the ordinary income part. Bankruptcy back taxes Form 1099-R. Bankruptcy back taxes   If you receive a total distribution from a plan, you should receive a Form 1099-R. Bankruptcy back taxes If the distribution qualifies as a lump-sum distribution, box 3 shows the capital gain part of the distribution. Bankruptcy back taxes The amount in box 2a, Taxable amount, minus the amount in box 3, Capital gain, is the ordinary income part. Bankruptcy back taxes More information. Bankruptcy back taxes   For more detailed information on lump-sum distributions, see Publication 575 or Form 4972, Tax on Lump-Sum Distributions. Bankruptcy back taxes Tax on Early Distributions Most distributions you receive from your qualified retirement plan and nonqualified annuity contracts before you reach age 59½ are subject to an additional tax of 10%. Bankruptcy back taxes The tax applies to the taxable part of the distribution. Bankruptcy back taxes For this purpose, a qualified retirement plan is: A qualified employee plan (including a qualified cash or deferred arrangement (CODA) under Internal Revenue Code section 401(k)), A qualified employee annuity plan, A tax-sheltered annuity plan (403(b) plan), or An eligible state or local government section 457 deferred compensation plan (to the extent that any distribution is attributable to amounts the plan received in a direct transfer or rollover from one of the other plans listed here or an IRA). Bankruptcy back taxes  An IRA is also a qualified retirement plan for purposes of this tax. Bankruptcy back taxes General exceptions to tax. Bankruptcy back taxes   The early distribution tax does not apply to any distributions that are: Made as part of a series of substantially equal periodic payments (made at least annually) for your life (or life expectancy) or the joint lives (or joint life expectancies) of you and your designated beneficiary (if from a qualified retirement plan, the payments must begin after separation from service), Made because you are totally and permanently disabled, or Made on or after the death of the plan participant or contract holder. Bankruptcy back taxes Additional exceptions. Bankruptcy back taxes   There are additional exceptions to the early distribution tax for certain distributions from qualified retirement plans and nonqualified annuity contracts. Bankruptcy back taxes See Publication 575 for details. Bankruptcy back taxes Reporting tax. Bankruptcy back taxes   If you owe only the tax on early distributions and distribution code 1 (early distribution, no known exception) is correctly shown in Form 1099-R, box 7, multiply the taxable part of the early distribution by 10% (. Bankruptcy back taxes 10) and enter the result on Form 1040, line 58, or Form 1040NR, line 56. Bankruptcy back taxes See the instructions for line 58 of Form 1040 or line 56 of Form 1040NR for more information about reporting the early distribution tax. Bankruptcy back taxes Tax on Excess Accumulation To make sure that most of your retirement benefits are paid to you during your lifetime, rather than to your beneficiaries after your death, the payments that you receive from qualified retirement plans must begin no later than your required beginning date. Bankruptcy back taxes Unless the rule for 5% owners applies, this is generally April 1 of the year that follows the later of: The calendar year in which you reach age 70½, or The calendar year in which you retire from employment with the employer maintaining the plan. Bankruptcy back taxes However, your plan may require you to begin to receive payments by April 1 of the year that follows the year in which you reach 70½, even if you have not retired. Bankruptcy back taxes For this purpose, a qualified retirement plan includes: A qualified employee plan, A qualified employee annuity plan, An eligible section 457 deferred compensation plan, or A tax-sheltered annuity plan (403(b) plan) (for benefits accruing after 1986). Bankruptcy back taxes  An IRA is also a qualified retirement plan for purposes of this tax. Bankruptcy back taxes An excess accumulation is the undistributed remainder of the required minimum distribution that was left in your qualified retirement plan. Bankruptcy back taxes 5% owners. Bankruptcy back taxes   If you own (or are considered to own under section 318 of the Internal Revenue Code) more than 5% of the company maintaining your qualified retirement plan, you must begin to receive distributions from the plan by April 1 of the year after the calendar year in which you reach age 70½. Bankruptcy back taxes See Publication 575 for more information. Bankruptcy back taxes Amount of tax. Bankruptcy back taxes   If you do not receive the required minimum distribution, you are subject to an additional tax. Bankruptcy back taxes The tax equals 50% of the difference between the amount that must be distributed and the amount that was distributed during the tax year. Bankruptcy back taxes You can get this excise tax excused if you establish that the shortfall in distributions was due to reasonable error and that you are taking reasonable steps to remedy the shortfall. Bankruptcy back taxes Form 5329. Bankruptcy back taxes   You must file a Form 5329 if you owe a tax because you did not receive a minimum required distribution from your qualified retirement plan. Bankruptcy back taxes Additional information. Bankruptcy back taxes   For more detailed information on the tax on excess accumulation, see Publication 575. Bankruptcy back taxes Insurance Premiums for Retired Public Safety Officers If you are an eligible retired public safety officer (law enforcement officer, firefighter, chaplain, or member of a rescue squad or ambulance crew), you can elect to exclude from income distributions made from your eligible retirement plan that are used to pay the premiums for accident or health insurance or long-term care insurance. Bankruptcy back taxes The premiums can be for coverage for you, your spouse, or dependent(s). Bankruptcy back taxes The distribution must be made directly from the plan to the insurance provider. Bankruptcy back taxes You can exclude from income the smaller of the amount of the insurance premiums or $3,000. Bankruptcy back taxes You can only make this election for amounts that would otherwise be included in your income. Bankruptcy back taxes The amount excluded from your income cannot be used to claim a medical expense deduction. Bankruptcy back taxes An eligible retirement plan is a governmental plan that is a: Qualified trust, Section 403(a) plan, Section 403(b) annuity, or Section 457(b) plan. Bankruptcy back taxes If you make this election, reduce the otherwise taxable amount of your pension or annuity by the amount excluded. Bankruptcy back taxes The taxable amount shown in box 2a of any Form 1099-R that you receive does not reflect the exclusion. Bankruptcy back taxes Report your total distributions on Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a. Bankruptcy back taxes Report the taxable amount on Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b. Bankruptcy back taxes Enter “PSO” next to the appropriate line on which you report the taxable amount. Bankruptcy back taxes Railroad Retirement Benefits Benefits paid under the Railroad Retirement Act fall into two categories. Bankruptcy back taxes These categories are treated differently for income tax purposes. Bankruptcy back taxes Social security equivalent benefits. Bankruptcy back taxes   The first category is the amount of tier 1 railroad retirement benefits that equals the social security benefit that a railroad employee or beneficiary would have been entitled to receive under the social security system. Bankruptcy back taxes This part of the tier 1 benefit is the social security equivalent benefit (SSEB) and is treated for tax purposes like social security benefits. Bankruptcy back taxes (See Social Security and Equivalent Railroad Retirement Benefits , later. Bankruptcy back taxes ) Non-social security equivalent benefits. Bankruptcy back taxes   The second category contains the rest of the tier 1 benefits, called the non-social security equivalent benefit (NSSEB). Bankruptcy back taxes It also contains any tier 2 benefit, vested dual benefit (VDB), and supplemental annuity benefit. Bankruptcy back taxes This category of benefits is treated as an amount received from a qualified employee plan. Bankruptcy back taxes This allows for the tax-free (nontaxable) recovery of employee contributions from the tier 2 benefits and the NSSEB part of the tier 1 benefits. Bankruptcy back taxes Vested dual benefits and supplemental annuity benefits are non-contributory pensions and are fully taxable. Bankruptcy back taxes More information. Bankruptcy back taxes   For more information about railroad retirement benefits, see Publication 575. Bankruptcy back taxes Military Retirement Pay Military retirement pay based on age or length of service is taxable and must be included in income as a pension on Form 1040, lines 16a and 16b; on Form 1040A, lines 12a and 12b; or on Form 1040NR, lines 17a and 17b. Bankruptcy back taxes But, certain military and government disability pensions that are based on a percentage of disability from active service in the Armed Forces of any country generally are not taxable. Bankruptcy back taxes For more information, including information about veterans' benefits and insurance, see Publication 525. Bankruptcy back taxes Social Security and Equivalent Railroad Retirement Benefits This discussion explains the federal income tax rules for social security benefits and equivalent tier 1 railroad retirement benefits. Bankruptcy back taxes Social security benefits include monthly retirement, survivor, and disability benefits. Bankruptcy back taxes They do not include supplemental security income (SSI) payments, which are not taxable. Bankruptcy back taxes Equivalent tier 1 railroad retirement benefits are the part of tier 1 benefits that a railroad employee or beneficiary would have been entitled to receive under the social security system. Bankruptcy back taxes They commonly are called the social security equivalent benefit (SSEB) portion of tier 1 benefits. Bankruptcy back taxes If you received these benefits during 2013, you should have received a Form SSA-1099 or Form RRB-1099 (Form SSA-1042S or Form RRB-1042S if you are a nonresident alien), showing the amount of the benefits. Bankruptcy back taxes Are Any of Your Benefits Taxable? Note. Bankruptcy back taxes When the term “benefits” is used in this section, it applies to both social security benefits and the SSEB portion of tier 1 railroad retirement benefits. Bankruptcy back taxes  To find out whether any of your benefits may be taxable, compare the base amount for your filing status (explained later) with the total of: One-half of your benefits, plus All your other income, including tax-exempt interest. Bankruptcy back taxes When making this comparison, do not reduce your other income by any exclusions for: Interest from qualified U. Bankruptcy back taxes S. Bankruptcy back taxes savings bonds, Employer-provided adoption benefits, Foreign earned income or foreign housing, or Income earned in American Samoa or Puerto Rico by bona fide residents. Bankruptcy back taxes Figuring total income. Bankruptcy back taxes   To figure the total of one-half of your benefits plus your other income, use Worksheet 2-B. Bankruptcy back taxes If that total amount is more than your base amount, part of your benefits may be taxable. Bankruptcy back taxes If you are married and file a joint return for 2013, you and your spouse must combine your incomes and your benefits to figure whether any of your combined benefits are taxable. Bankruptcy back taxes Even if your spouse did not receive any benefits, you must add your spouse's income to yours to figure whether any of your benefits are taxable. Bankruptcy back taxes If the only income you received during 2013 was your social security or the SSEB portion of tier 1 railroad retirement benefits, your benefits generally are not taxable and you probably do not have to file a return. Bankruptcy back taxes If you have income in addition to your benefits, you may have to file a return even if none of your benefits are taxable. Bankruptcy back taxes Worksheet 2-B. Bankruptcy back taxes A Quick Way To Check if Your Benefits May Be Taxable A. Bankruptcy back taxes Enter the amount from box 5 of all your Forms SSA-1099 and RRB-1099. Bankruptcy back taxes Include  the full amount of any lump-sum benefit payments received in 2013, for 2013 and  earlier years. Bankruptcy back taxes (If you received more than one form, combine the amounts from box 5  and enter the total. Bankruptcy back taxes ) A. Bankruptcy back taxes     Note. Bankruptcy back taxes If the amount on line A is zero or less, stop here; none of your benefits are  taxable this year. Bankruptcy back taxes     B. Bankruptcy back taxes Enter one-half of the amount on line A B. Bankruptcy back taxes   C. Bankruptcy back taxes Enter your taxable pensions, wages, interest, dividends, and other taxable income C. Bankruptcy back taxes   D. Bankruptcy back taxes Enter any tax-exempt interest income (such as interest on municipal bonds) plus any exclusions from income for: •Interest from qualified U. Bankruptcy back taxes S. Bankruptcy back taxes savings bonds, •Employer-provided adoption benefits, •Foreign earned income or foreign housing, or •Income earned in American Samoa or Puerto Rico by bona fide residents D. Bankruptcy back taxes   E. Bankruptcy back taxes Add lines B, C, and D and enter the total E. Bankruptcy back taxes   F. Bankruptcy back taxes If you are: •Married filing jointly, enter $32,000 •Single, head of household, qualifying widow(er), or married filing separately and you  lived apart from your spouse for all of 2013, enter $25,000 •Married filing separately and you lived with your spouse at any time during 2013,  enter -0- F. Bankruptcy back taxes   G. Bankruptcy back taxes Is the amount on line F less than or equal to the amount on line E? □ No. Bankruptcy back taxes None of your benefits are taxable this year. Bankruptcy back taxes  □ Yes. Bankruptcy back taxes Some of your benefits may be taxable. Bankruptcy back taxes To figure how much of your benefits  are taxable, see Which worksheet to use under How Much Is Taxable. Bankruptcy back taxes     Base Amount Your base amount is: $25,000 if you are single, head of household, or qualifying widow(er) with dependent child, $25,000 if you are married filing separately and lived apart from your spouse for all of 2013, $32,000 if you are married filing jointly, or $0 if you are married filing separately and lived with your spouse at any time during 2013. Bankruptcy back taxes Repayment of Benefits Any repayment of benefits you made during 2013 must be subtracted from the gross benefits you received in 2013. Bankruptcy back taxes It does not matter whether the repayment was for a benefit you received in 2013 or in an earlier year. Bankruptcy back taxes If you repaid more than the gross benefits you received in 2013, see Repayments More Than Gross Benefits , later. Bankruptcy back taxes Your gross benefits are shown in box 3 of Form SSA-1099 or Form RRB-1099. Bankruptcy back taxes Your repayments are shown in box 4. Bankruptcy back taxes The amount in box 5 shows your net benefits for 2013 (box 3 minus box 4). Bankruptcy back taxes Use the amount in box 5 to figure whether any of your benefits are taxable. Bankruptcy back taxes Tax Withholding and Estimated Tax You can choose to have federal income tax withheld from your social security and/or the SSEB portion of your tier 1 railroad retirement benefits. Bankruptcy back taxes If you choose to do this, you must complete a Form W-4V, Voluntary Withholding Request. Bankruptcy back taxes If you do not choose to have income tax withheld, you may have to request additional withholding from other income, or pay estimated tax during the year. Bankruptcy back taxes For details, see Publication 505, Tax Withholding and Estimated Tax, or the instructions for Form 1040-ES, Estimated Tax for Individuals. Bankruptcy back taxes How Much Is Taxable? If part of your benefits is taxable, how much is taxable depends on the total amount of your benefits and other income. Bankruptcy back taxes Generally, the higher that total amount, the greater the taxable part of your benefits. Bankruptcy back taxes Maximum taxable part. Bankruptcy back taxes   The taxable part of your benefits usually cannot be more than 50%. Bankruptcy back taxes However, up to 85% of your benefits can be taxable if either of the following situations applies to you. Bankruptcy back taxes The total of one-half of your benefits and all your other income is more than $34,000 ($44,000 if you are married filing jointly). Bankruptcy back taxes You are married filing separately and lived with your spouse at any time during 2013. Bankruptcy back taxes   If you are a nonresident alien, 85% of your benefits are taxable. Bankruptcy back taxes However, this income is exempt under some tax treaties. Bankruptcy back taxes Which worksheet to use. Bankruptcy back taxes   A worksheet to figure your taxable benefits is in the instructions for your Form 1040 or 1040A. Bankruptcy back taxes However, you will need to use a different worksheet(s) if any of the following situations applies to you. Bankruptcy back taxes You contributed to a traditional individual retirement arrangement (IRA) and you or your spouse were covered by a retirement plan at work. Bankruptcy back taxes In this situation, you must use the special worksheets in Appendix B of Publication 590 to figure both your IRA deduction and your taxable benefits. Bankruptcy back taxes Situation (1) does not apply and you take one or more of the following exclusions. Bankruptcy back taxes Interest from qualified U. Bankruptcy back taxes S. Bankruptcy back taxes savings bonds (Form 8815). Bankruptcy back taxes Employer-provided adoption benefits (Form 8839). Bankruptcy back taxes Foreign earned income or housing (Form 2555 or Form 2555-EZ). Bankruptcy back taxes Income earned in American Samoa (Form 4563) or Puerto Rico by bona fide residents. Bankruptcy back taxes In these situations, you must use Worksheet 1 in Publication 915, Social Security and Equivalent Railroad Retirement Benefits, to figure your taxable benefits. Bankruptcy back taxes You received a lump-sum payment for an earlier year. Bankruptcy back taxes In this situation, also complete Worksheet 2 or 3 and Worksheet 4 in Publication 915. Bankruptcy back taxes See Lump-Sum Election , later. Bankruptcy back taxes How To Report Your Benefits If part of your benefits are taxable, you must use Form 1040, Form 1040A, or Form 1040NR. Bankruptcy back taxes You cannot use Form 1040EZ. Bankruptcy back taxes Reporting on Form 1040. Bankruptcy back taxes   Report your net benefits (the amount in box 5 of your Form SSA-1099 or Form RRB-1099) on line 20a and the taxable part on line 20b. Bankruptcy back taxes If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on line 20a. Bankruptcy back taxes Reporting on Form 1040A. Bankruptcy back taxes   Report your net benefits (the amount in box 5 of your Form SSA-1099 or Form RRB-1099) on line 14a and the taxable part on line 14b. Bankruptcy back taxes If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on line 14a. Bankruptcy back taxes Reporting on Form 1040NR. Bankruptcy back taxes   Report 85% of the total amount of your benefits (box 5 of your Form SSA-1042S or Form RRB-1042S) in the appropriate column of Form 1040NR, Schedule NEC, line 8. Bankruptcy back taxes Benefits not taxable. Bankruptcy back taxes   If you are filing Form 1040EZ, do not report any benefits on your tax return. Bankruptcy back taxes If you are filing Form 1040 or Form 1040A, report your net benefits (the amount in box 5 of your Form SSA-1099 or Form RRB-1099) on Form 1040, line 20a, or Form 1040A, line 14a. Bankruptcy back taxes Enter -0- on Form 1040, line 20b, or Form 1040A, line 14b. Bankruptcy back taxes If you are married filing separately and you lived apart from your spouse for all of 2013, also enter “D” to the right of the word “benefits” on Form 1040, line 20a, or Form 1040A, line 14a. Bankruptcy back taxes Lump-Sum Election You must include the taxable part of a lump-sum (retroactive) payment of benefits received in 2013 in your 2013 income, even if the payment includes benefits for an earlier year. Bankruptcy back taxes This type of lump-sum benefit payment should not be confused with the lump-sum death benefit that both the SSA and RRB pay to many of their beneficiaries. Bankruptcy back taxes No part of the lump-sum death benefit is subject to tax. Bankruptcy back taxes For more information about the lump-sum death benefit, visit the Social Security Administration website at www. Bankruptcy back taxes SSA. Bankruptcy back taxes gov, and use keyword: death benefit. Bankruptcy back taxes Generally, you use your 2013 income to figure the taxable part of the total benefits received in 2013. Bankruptcy back taxes However, you may be able to figure the taxable part of a lump-sum payment for an earlier year separately, using your income for the earlier year. Bankruptcy back taxes You can elect this method if it lowers your taxable benefits. Bankruptcy back taxes See Publication 915 for more information. Bankruptcy back taxes Repayments More Than Gross Benefits In some situations, your Form SSA-1099 or Form RRB-1099 will show that the total benefits you repaid (box 4) are more than the gross benefits (box 3) you received. Bankruptcy back taxes If this occurred, your net benefits in box 5 will be a negative figure (a figure in parentheses) and none of your benefits will be taxable. Bankruptcy back taxes If you receive more than one form, a negative figure in box 5 of one form is used to offset a positive figure in box 5 of another form for that same year. Bankruptcy back taxes If you have any questions about this negative figure, contact your local Social Security Administration office or your local U. Bankruptcy back taxes S. Bankruptcy back taxes Railroad Retirement Board field office. Bankruptcy back taxes Joint return. Bankruptcy back taxes   If you and your spouse file a joint return, and your Form SSA-1099 or RRB-1099 has a negative figure in box 5 but your spouse's does not, subtract the box 5 amount on your form from the box 5 amount on your spouse's form. Bankruptcy back taxes You do this to get your net benefits when figuring if your combined benefits are taxable. Bankruptcy back taxes Repayment of benefits received in an earlier year. Bankruptcy back taxes   If the total amount shown in box 5 of all of your Forms SSA-1099 and RRB-1099 is a negative figure, you can take an itemized deduction for the part of this negative figure that represents benefits you included in gross income in an earlier year. Bankruptcy back taxes   If this deduction is $3,000 or less, it is subject to the 2%-of-adjusted-gross-income limit that applies to certain miscellaneous itemized deductions. Bankruptcy back taxes Claim it on Schedule A (Form 1040), line 23. Bankruptcy back taxes   If this deduction is more than $3,000, you have to follow some special instructions. Bankruptcy back taxes See Publication 915 for those instructions. Bankruptcy back taxes Sickness and Injury Benefits Generally, you must report as income any amount you receive for personal injury or sickness through an accident or health plan that is paid for by your employer. Bankruptcy back taxes If both you and your employer pay for the plan, only the amount you receive that is due to your employer's payments is reported as income. Bankruptcy back taxes However, certain payments may not be taxable to you. Bankruptcy back taxes Some of these payments are discussed later in this section. Bankruptcy back taxes Also, see Military and Government Disability Pensions and Other Sickness and Injury Benefits in Publication 525. Bankruptcy back taxes Cost paid by you. Bankruptcy back taxes   If you pay the entire cost of an accident or health plan, do not include any amounts you receive from the plan for personal injury or sickness as income on your tax return. Bankruptcy back taxes If your plan reimbursed you for medical expenses you deducted in an earlier year, you may have to include some, or all, of the reimbursement in your income. Bankruptcy back taxes Disability Pensions If you retired on disability, you must include in income any disability pension you receive under a plan that is paid for by your employer. Bankruptcy back taxes You must report your taxable disability payments as wages on line 7 of Form 1040 or Form 1040A or on line 8 of Form 1040NR until you reach minimum retirement age. Bankruptcy back taxes Minimum retirement age generally is the age at which you can first receive a pension or annuity if you are not disabled. Bankruptcy back taxes If you were 65 or older by the end of 2013 or you were retired on permanent and total disability and received taxable disability income, you may be able to claim the credit for the elderly or the disabled. Bankruptcy back taxes See Credit for the Elderly or the Disabled, later. Bankruptcy back taxes For more information on this credit, see Publication 524, Credit for the Elderly or the Disabled. Bankruptcy back taxes Beginning on the day after you reach minimum retirement age, payments you receive are taxable as a pension or annuity. Bankruptcy back taxes Report the payments on lines 16a and 16b of Form 1040, on lines 12a and 12b of Form 1040A, or on lines 17a and 17b of Form 1040NR. Bankruptcy back taxes For more information on pensions and annuities, see Publication 575. Bankruptcy back taxes Retirement and profit-sharing plans. Bankruptcy back taxes   If you receive payments from a retirement or profit-sharing plan that does not provide for disability retirement, do not treat the payments as a disability pension. Bankruptcy back taxes The payments must be reported as a pension or annuity. Bankruptcy back taxes Accrued leave payment. Bankruptcy back taxes   If you retire on disability, any lump-sum payment you receive for accrued annual leave is a salary payment. Bankruptcy back taxes The payment is not a disability payment. Bankruptcy back taxes Include it in your income in the tax year you receive it. Bankruptcy back taxes Long-Term Care Insurance Contracts In most cases, long-term care insurance contracts generally are treated as accident and health insurance contracts. Bankruptcy back taxes Amounts you receive from them (other than policyholder dividends or premium refunds) generally are excludable from income as amounts received for personal injury or sickness. Bankruptcy back taxes However, the amount you can exclude may be limited. Bankruptcy back taxes Long-term care insurance contracts are discussed in more detail in Publication 525. Bankruptcy back taxes Workers' Compensation Amounts you receive as workers' compensation for an occupational sickness or injury are fully exempt from tax if they are paid under a workers' compensation act or a statute in the nature of a workers' compensation act. Bankruptcy back taxes The exemption also applies to your survivors. Bankruptcy back taxes The exemption, however, does not apply to retirement plan benefits you receive based on your age, length of service, or prior contributions to the plan, even if you retired because of an occupational sickness or injury. Bankruptcy back taxes If part of your workers' compensation reduces your social security or equivalent railroad retirement benefits, that part is considered social security (or equivalent railroad retirement) benefits and may be taxable. Bankruptcy back taxes For a discussion of the taxability of these benefits, see Social Security and Equivalent Railroad Retirement Benefits, earlier. Bankruptcy back taxes Return to work. Bankruptcy back taxes   If you return to work after qualifying for workers' compensation, salary payments you receive for performing light duties are taxable as wages. Bankruptcy back taxes Other Sickness and Injury Benefits In addition to disability pensions and annuities, you may receive other payments for sickness or injury. Bankruptcy back taxes Federal Employees' Compensation Act (FECA). Bankruptcy back taxes   Payments received under this Act for personal injury or sickness, including payments to beneficiaries in case of death, are not taxable. Bankruptcy back taxes However, you are taxed on amounts you receive under this Act as continuation of pay for up to 45 days while a claim is being decided. Bankruptcy back taxes Report this income on Form 1040, line 7; Form 1040A, line 7; on Form 1040EZ, line 1; or Form 1040NR, line 8. Bankruptcy back taxes Also, pay for sick leave while a claim is being processed is taxable and must be included in your income as wages. Bankruptcy back taxes    If part of the payments you receive under FECA reduces your social security or equivalent railroad retirement benefits, that part is considered social security (or equivalent railroad retirement) benefits and may be taxable. Bankruptcy back taxes For a discussion of the taxability of these benefits, see Social Security and Equivalent Railroad Retirement Benefits, earlier. Bankruptcy back taxes Other compensation. Bankruptcy back taxes   Many other amounts you receive as compensation for sickness or injury are not taxable. Bankruptcy back taxes These include the following amounts. Bankruptcy back taxes Benefits you receive under an accident or health insurance policy on which either you paid the premiums or your employer paid the premiums but you had to include them in your income. Bankruptcy back taxes Disability benefits you receive for loss of income or earning capacity as a result of injuries under a no-fault car insurance policy. Bankruptcy back taxes Compensation you receive for permanent loss or loss of use of a part or function of your body, for your permanent disfigurement, or for such loss or disfigurement suffered by your spouse or dependent(s). Bankruptcy back taxes This compensation must be based only on the injury and not on the period of your absence from work. Bankruptcy back taxes These benefits are not taxable even if your employer pays for the accident and health plan that provides these benefits. Bankruptcy back taxes Life Insurance Proceeds Life insurance proceeds paid to you because of the death of the insured person are not taxable unless the policy was turned over to you for a price. Bankruptcy back taxes This is true even if the proceeds were paid under an accident or health insurance policy or an endowment contract. Bankruptcy back taxes Proceeds not received in installments. Bankruptcy back taxes   If death benefits are paid to you in a lump sum or other than at regular intervals, include in your income only the benefits that are more than the amount payable to you at the time of the insured person's death. Bankruptcy back taxes If the benefit payable at death is not specified, you include in your income the benefit payments that are more than the present value of the payments at the time of death. Bankruptcy back taxes Proceeds received in installments. Bankruptcy back taxes   If you receive life insurance proceeds in installments, you can exclude part of each installment from your income. Bankruptcy back taxes   To determine the excluded part, divide the amount held by the insurance company (generally the total lump sum payable at the death of the insured person) by the number of installments to be paid. Bankruptcy back taxes Include anything over this excluded part in your income as interest. Bankruptcy back taxes Installments for life. Bankruptcy back taxes   If, as the beneficiary under an insurance contract, you are entitled to receive the proceeds in installments for the rest of your life without a refund or period-certain guarantee, you figure the excluded part of each installment by dividing the amount held by the insurance company by your life expectancy. Bankruptcy back taxes If there is a refund or period-certain guarantee, the amount held by the insurance company for this purpose is reduced by the actuarial value of the guarantee. Bankruptcy back taxes Surviving spouse. Bankruptcy back taxes   If your spouse died before October 23, 1986, and insurance proceeds paid to you because of the death of your spouse are received in installments, you can exclude, in any year, up to $1,000 of the interest included in the installments. Bankruptcy back taxes If you remarry, you can continue to take the exclusion. Bankruptcy back taxes Surrender of policy for cash. Bankruptcy back taxes   If you surrender a life insurance policy for cash, you must include in income any proceeds that are more than the cost of the life insurance policy. Bankruptcy back taxes In general, your cost (or investment in the contract) is the total of premiums that you paid for the life insurance policy, less any refunded premiums, rebates, dividends, or unrepaid loans that were not included in your income. Bankruptcy back taxes You should receive a Form 1099-R showing the total proceeds and the taxable part. Bankruptcy back taxes Report these amounts on Form 1040, lines 16a and 16b; Form 1040A, lines 12a and 12b; or Form 1040NR, lines 17a and 17b. Bankruptcy back taxes Endowment Contract Proceeds An endowment contract is a policy that pays over to you a specified amount of money on a certain date unless you die before that date, in which case, the money is paid to your designated beneficiary. Bankruptcy back taxes Endowment proceeds paid in a lump sum to you at maturity are taxable only if the proceeds are more than the cost of the policy. Bankruptcy back taxes To determine your cost, subtract from the total premiums (or other consideration) paid for the contract any amount that you previously received under the contract and excluded from your income. Bankruptcy back taxes Include in your income the part of the lump-sum payment that is more than your cost. Bankruptcy back taxes Endowment proceeds that you choose to receive in installments instead of a lump-sum payment at the maturity of the policy are taxed as an annuity. Bankruptcy back taxes The tax treatment of an annuity is explained in Publication 575. Bankruptcy back taxes For this treatment to apply, you must choose to receive the proceeds in installments before receiving any part of the lump sum. Bankruptcy back taxes This election must be made within 60 days after the lump-sum payment first becomes payable to you. Bankruptcy back taxes Accelerated Death Benefits Certain amounts paid as accelerated death benefits under a life insurance contract or viatical settlement before the insured's death are generally excluded from income if the insured is terminally or chronically ill. Bankruptcy back taxes However, see Exception , later. Bankruptcy back taxes For a chronically ill individual, accelerated death benefits paid on the basis of costs incurred for qualified long-term care services are fully excludable. Bankruptcy back taxes Accelerated death benefits paid on a per diem or other periodic basis without regard to the costs are excludable up to a limit. Bankruptcy back taxes In addition, if any portion of a death benefit under a life insurance contract on the life of a terminally or chronically ill individual is sold or assigned to a viatical settlement provider, the amount received also is excluded from income. Bankruptcy back taxes Generally, a viatical settlement provider is one who regularly engages in the business of buying or taking assignment of life insurance contracts on the lives of insured individuals who are terminally or chronically ill. Bankruptcy back taxes To report taxable accelerated death benefits made on a per diem or other periodic basis, you must file Form 8853, Archer MSAs and Long-Term Care Insurance Contracts, with your return. Bankruptcy back taxes Terminally or chronically ill defined. Bankruptcy back taxes   A terminally ill person is one who has been certified by a physician as having an illness or physical condition that reasonably can be expected to result in death within 24 months from the date of the certification. Bankruptcy back taxes A chronically ill person is one who is not terminally ill but has been certified (within the previous 12 months) by a licensed health care practitioner as meeting either of the following conditions. Bankruptcy back taxes The person is unable to perform (without substantial help) at least two activities of daily living (eating, toileting, transferring, bathing, dressing, and continence) for a period of 90 days or more because of a loss of functional capacity. Bankruptcy back taxes The person requires substantial supervision to protect himself or herself from threats to health and safety due to severe cognitive impairment. Bankruptcy back taxes Exception. Bankruptcy back taxes   The exclusion does not apply to any amount paid to a person other than the insured if that other person has an insurable interest in the life of the insured because the insured: Is a director, officer, or employee of the other person, or Has a financial interest in the business of the other person. Bankruptcy back taxes Sale of Home You may be able to exclude from income any gain up to $250,000 ($500,000 on a joint return in most cases) on the sale of your main home. Bankruptcy back taxes Generally, if you can exclude all of the gain, you do not need to report the sale on your tax return. Bankruptcy back taxes You can choose not to take the exclusion by including the gain from the sale in your gross income on your tax return for the year of the sale. Bankruptcy back taxes Main home. Bankruptcy back taxes   Usually, your main home is the home you live in most of the time and can be a: House, Houseboat, Mobile home, Cooperative apartment, or Condominium. Bankruptcy back taxes Repaying the first-time homebuyer credit because you sold your home. Bankruptcy back taxes   If you claimed a first-time homebuyer credit for your main home and you sell it, you may have to repay the credit. Bankruptcy back taxes For a home purchased in 2008 and used as your main home until sold in 2013, you must file Form 5405 and repay the balance of the unpaid credit on your 2013 tax return. Bankruptcy back taxes   For a home purchased after 2008, you generally must repay the entire credit if the home was sold (or otherwise ceased to be your main home) within 36 months of the purchase date. Bankruptcy back taxes If you purchased your home in 2009 and used it as your main home until sold in 2013, you do not have to repay the credit or file Form 5405. Bankruptcy back taxes If you purchased your home in 2010 and used it as your main home until sold in 2013, you may have to file Form 5405 and repay the entire credit on your 2013 tax return. Bankruptcy back taxes   See the Instructions for Form 5405 for more information about repaying the credit and exceptions to repayment that may apply to you. Bankruptcy back taxes Maximum Amount of Exclusion You can generally exclude up to $250,000 of the gain (other than gain allocated to periods of nonqualified use) on the sale of your main home if all of the following are true. Bankruptcy back taxes You meet the ownership test. Bankruptcy back taxes You meet the use test. Bankruptcy back taxes During the 2-year period ending on the date of the sale, you did not exclude gain from the sale of another home. Bankruptcy back taxes You may be able to exclude up to $500,000 of the gain (other than gain allocated to periods of nonqualified use) on the sale of your main home if you are married and file a joint return and meet the requirements listed in the discussion of the special rules for joint returns, later, under Married Persons . Bankruptcy back taxes Ownership and Use Tests To claim the exclusion, you must meet the ownership and use tests. Bankruptcy back taxes This means that during the 5-year period ending on the date of the sale, you must have: Owned the home for at least 2 years (the ownership test), and Lived in the home as your main home for at least 2 years (the use test). Bankruptcy back taxes Exception to ownership and use tests. Bankruptcy back taxes   If you owned and lived in the property as your main home for less than 2 years, you still can claim an exclusion in some cases. Bankruptcy back taxes Generally, you must have sold the home due to a change in place of employment, health, or unforeseen circumstances. Bankruptcy back taxes The maximum amount you can exclude will be reduced. Bankruptcy back taxes See Publication 523, Selling Your Home, for more information. Bankruptcy back taxes Exception to use test for individuals with a disability. Bankruptcy back taxes   There is an exception to the use test if, during the 5-year period before the sale of your home: You become physically or mentally unable to care for yourself, and You owned and lived in your home as your main home for a total of at least 1 year. Bankruptcy back taxes Under this exception, you are considered to live in your home during any time that you own the home and live in a facility (including a nursing home) that is licensed by a state or political subdivision to care for persons in your condition. Bankruptcy back taxes   If you meet this exception to the use test, you still have to meet the 2-out-of-5-year ownership test to claim the exclusion. Bankruptcy back taxes Exception to ownership test for property acquired in a like-kind exchange. Bankruptcy back taxes   You must have owned your main home for at least 5 years to qualify for the exclusion if you acquired your main home in a like-kind exchange. Bankruptcy back taxes This special 5-year ownership rule continues to apply to a home you acquired in a like-kind exchange and gave to another person. Bankruptcy back taxes A like-kind exchange is an exchange of property held for productive use in a trade or business or for investment. Bankruptcy back taxes See Publication 523 for more information. Bankruptcy back taxes Period of nonqualified use. Bankruptcy back taxes   Generally, the gain from the sale or exchange of your main home will not qualify for the exclusion to the extent that the gain is allocated to periods of nonqualified use. Bankruptcy back taxes Nonqualified use is any period after December 31, 2008, during which the property is not used as the main home. Bankruptcy back taxes See Publication 523 for more information. Bankruptcy back taxes Married Persons In the special situations discussed below, if you and your spouse file a joint return for the year of sale and one spouse meets the ownership and use test, you can exclude up to $250,000 of gain. Bankruptcy back taxes However, see Special rules for joint returns , next. Bankruptcy back taxes Special rules for joint returns. Bankruptcy back taxes   You can exclude up to $500,000 of the gain on the sale of your main home if all of the following are true. Bankruptcy back taxes You are married and file a joint return for the year. Bankruptcy back taxes Either you or your spouse meets the ownership test. Bankruptcy back taxes Both you and your spouse meet the use test. Bankruptcy back taxes During the 2-year period ending on the date of the sale, neither you nor your spouse exclude gain from the sale of another home. Bankruptcy back taxes Sale of home by surviving spouse. Bankruptcy back taxes   If your spouse died and you did not remarry before the date of sale, you are considered to have owned and lived in the property as your main home during any period of time when your spouse owned and lived in it as a main home. Bankruptcy back taxes   If you meet all of the following requirements, you may qualify to exclude up to $500,000 of any gain from the sale or exchange of your main home in 2013. Bankruptcy back taxes The sale or exchange took place no more than 2 years after the date of death of your spouse. Bankruptcy back taxes You have not remarried. Bankruptcy back taxes You and your spouse met the use test at the time of your spouse's death. Bankruptcy back taxes You or your spouse met the ownership test at the time of your spouse's death. Bankruptcy back taxes Neither you nor your spouse excluded gain from the sale of another home during the last 2 years. Bankruptcy back taxes Home transferred from spouse. Bankruptcy back taxes   If your home was transferred to you by your spouse (or former spouse if the transfer was incident to divorce), you are considered to have owned it during any period of time when your spouse owned it. Bankruptcy back taxes Use of home after divorce. Bankruptcy back taxes   You are considered to have used property as your main home during any period when: You owned it, and Your spouse or former spouse is allowed to live in it under a divorce or separation instrument and uses it as his or her main home. Bankruptcy back taxes Business Use or Rental of Home You may be able to exclude gain from the sale of a home that you have used for business or to produce rental income. Bankruptcy back taxes However, you must meet the ownership and use tests. Bankruptcy back taxes See Publication 523 for more information. Bankruptcy back taxes Depreciation after May 6, 1997. Bankruptcy back taxes   If you were entitled to take depreciation deductions because you used your home for business purposes or as rental property, you cannot exclude the part of your gain equal to any depreciation allowed or allowable as a deduction for periods after May 6, 1997. Bankruptcy back taxes See Publication 523 for more information. Bankruptcy back taxes Reporting the Sale Do not report the 2013 sale of your main home on your tax return unless: You have a gain and you do not qualify to exclude all of it, You have a gain and you choose not to exclude it, or You received Form 1099-S. Bankruptcy back taxes If you have a gain that you cannot or choose not to exclude, if you received a Form 1099-S, or if you have a deductible loss, report the sale on your tax return. Bankruptcy back taxes Report the sale on Part I or Part II of Form 8949 as a short-term or long-term transaction, depending on how long you owned the home. Bankruptcy back taxes If you used your home for business or to produce rental income, you may have to use Form 4797, Sales of Business Property, to report the sale of the business or rental part. Bankruptcy back taxes See Publication 523 for more information. Bankruptcy back taxes Reverse Mortgages A revers
Print - Click this link to Print this page

Letter 1962C Frequently Asked Questions (FAQs)

What is the letter telling me?

This letter confirms your written request for a Direct Debit Installment Agreement has been approved. It explains the fees we charge for establishing your agreement. It also explains what to do if you qualify for a Low Income Fee Reduction.

What do I have to do?

Be sure to have the amount of your payment in your checking account by the due date in the letter.

What happens if the funds are not available?

If you are unable to have sufficient funds in your checking account, you must call us at least 10 days prior to your payment due date.

How much time do I have?

The customer has to make one manual payment before we can begin to take payments electronically.

What happens if I don't take any action?

If you do not ensure there are sufficient funds in your checking account, then your installment agreement will default. Your bank may charge you fees for insufficient funds.

Who should I contact?

The telephone number will be provided in your acknowledgement letter.

What if I don't agree or have already taken corrective action?

If you do not agree with this letter, call us immediately at the number included. We will do our best to help you. If you have called us about this matter before, but we did not correct the problem, you may want to contact the Office of the Taxpayer Advocate.

Page Last Reviewed or Updated: 30-Jan-2014

The Bankruptcy Back Taxes

Bankruptcy back taxes 10. Bankruptcy back taxes   Planes de Jubilación, Pensiones y Anualidades Table of Contents Qué Hay de Nuevo Recordatorio IntroductionLa Regla General. Bankruptcy back taxes Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés). Bankruptcy back taxes Beneficios de la jubilación del gobierno federal. Bankruptcy back taxes Useful Items - You may want to see: Información GeneralReinversiones en arreglos de ahorros para la jubilación designados Roth IRA dentro del mismo plan. Bankruptcy back taxes Cómo Hacer la Declaración Costo (Inversión en el Contrato) Tributación de Pagos PeriódicosExclusión limitada al costo. Bankruptcy back taxes Exclusión no limitada al costo. Bankruptcy back taxes Método Simplificado Tributación de Pagos no PeriódicosDistribuciones de Suma Global ReinversionesReinversiones en arreglos de ahorros para la jubilación designados Roth IRA dentro del mismo plan. Bankruptcy back taxes Impuestos Adicionales EspecialesImpuesto sobre Distribuciones Prematuras Impuestos sobre Acumulación en Exceso Sobrevivientes y Beneficiarios Qué Hay de Nuevo Para propósitos del impuesto sobre los ingresos netos de inversión (NIIT, por sus siglas en inglés), los ingresos netos de inversión no incluyen distribuciones de un plan de jubilación calificado (por ejemplo, planes conforme a la sección 401(a), 403(a), 403(b), 408, 408A o 457(b) del Código de Impuestos Internos). Bankruptcy back taxes Sin embargo, estas distribuciones sí se toman en cuenta al calcular el límite del ingreso bruto ajustado modificado. Bankruptcy back taxes Las distribuciones de un plan de jubilación no calificado se incluyen en los ingresos netos de inversión. Bankruptcy back taxes Vea el Formulario 8960, Net Investment Income Tax – Individuals, Estates, and Trusts (Impuesto sobre los ingresos netos de inversión –personas físicas, patrimonios y fideicomisos), además de sus instrucciones, disponibles en inglés, para más información. Bankruptcy back taxes Recordatorio  Comenzando en el año 2013, La American Taxpayer Relief Act (Ley de Alivio para el Contribuyente Estadounidense) de 2012 ha ampliado las reglas para las reinversiones de planes de jubilación a opciones Roth. Bankruptcy back taxes Conforme a las nuevas disposiciones, más contribuyentes pueden tomar ventaja de esta opción. Bankruptcy back taxes Si desea más información, vea la sección titulada Arreglos de ahorros para la jubilación designados Roth , tema que se explica más adelante. Bankruptcy back taxes Introduction Este capítulo explica el trato tributario de las distribuciones que usted reciba de: Una pensión o anualidad para empleados de un plan calificado, Una jubilación por incapacidad y Una anualidad comercial comprada. Bankruptcy back taxes Lo que no abarca este capítulo. Bankruptcy back taxes   Este capítulo no abarca los siguientes temas: La Regla General. Bankruptcy back taxes   Éste es el método que se utiliza generalmente para determinar el trato tributario de ingresos de pensiones y anualidades de planes no calificados (incluidas las anualidades comerciales). Bankruptcy back taxes Para un plan calificado, generalmente no se puede usar la Regla General a menos que la fecha de inicio de su anualidad sea anterior al 19 de noviembre de 1996. Bankruptcy back taxes Para más información sobre la Regla General, vea la Publicación 939, General Rule for Pensions and Annuities (Regla general para pensiones y anualidades), en inglés. Bankruptcy back taxes Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés). Bankruptcy back taxes   La información acerca del trato tributario de las cantidades que reciba de un arreglo IRA se encuentra en el capítulo 17 . Bankruptcy back taxes Beneficios de la jubilación del gobierno federal. Bankruptcy back taxes    Si es jubilado del gobierno federal (jubilación regular, por fases o por incapacidad), consulte la Publicación 721, Tax Guide to U. Bankruptcy back taxes S. Bankruptcy back taxes Civil Service Retirement Benefits (Guía tributaria para beneficios de jubilación del gobierno federal de los Estados Unidos), en inglés. Bankruptcy back taxes La Publicación 721 también contiene la información que necesita si es sobreviviente o beneficiario de un empleado o jubilado federal que haya fallecido. Bankruptcy back taxes Useful Items - You may want to see: Publicación 575 Pension and Annuity Income (Ingreso de pensiones y anualidades), en inglés 721 Tax Guide to U. Bankruptcy back taxes S. Bankruptcy back taxes Civil Service Retirement Benefits (Guía tributaria para beneficios de jubilación del gobierno federal de los Estados Unidos), en inglés 939 General Rule for Pensions and Annuities (Regla general para pensiones y anualidades), en inglés Formulario (e Instrucciones) W-4P Withholding Certificate for Pension or Annuity Payments (Certificado de retenciones para pagos de pensiones o anualidades), en inglés 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Bankruptcy back taxes (Distribuciones de pensiones, anualidades, planes de jubilación o de participación en las ganancias, arreglos de ahorros para la jubilación, contratos de seguros, etc. Bankruptcy back taxes ), en inglés 4972 Tax on Lump-Sum Distributions (Impuesto sobre distribuciones de suma global), en inglés 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts (Impuestos adicionales sobre planes calificados (incluidos los arreglos de ahorros para la jubilación) y otras cuentas con beneficios tributarios), en inglés Información General Arreglos de ahorros para la jubilación designados Roth. Bankruptcy back taxes   Un arreglo de ahorros para la jubilación designado Roth es una cuenta aparte creada dentro de un programa calificado de aportaciones a un arreglo Roth que permite a los participantes optar a que la totalidad o parte de sus aplazamientos electivos a un plan 401(k), 403(b) o 457(b) se consideren aportaciones hechas a un arreglo Roth. Bankruptcy back taxes Los aplazamientos electivos que se consideran aportaciones a un arreglo Roth se incluyen en los ingresos. Bankruptcy back taxes Sin embargo, las distribuciones calificadas no se incluyen en los ingresos. Bankruptcy back taxes Vea la Publicación 575, en inglés, para más información. Bankruptcy back taxes Reinversiones en arreglos de ahorros para la jubilación designados Roth IRA dentro del mismo plan. Bankruptcy back taxes   Si usted es participante en un plan de tipo 401(k), 403(b) o 457(b), es posible que pueda reinvertir fondos de dichos planes en un arreglo de ahorros para la jubilación designado Roth dentro del mismo plan. Bankruptcy back taxes Se tiene que incluir en los ingresos la reinversión de cantidades libres de impuestos. Bankruptcy back taxes Consulte la Publicación 575, en inglés, para más información. Bankruptcy back taxes Más de un programa. Bankruptcy back taxes   Si recibe beneficios de más de un programa bajo un fideicomiso o plan de su empleador, como un plan de pensiones y un plan de participación en las ganancias, es posible que tenga que calcular por separado la parte sujeta a impuestos de cada pensión o contrato de anualidad. Bankruptcy back taxes Su antiguo empleador o el administrador del plan debe poder indicarle si tiene más de un contrato de pensión o anualidad. Bankruptcy back taxes Plan de compensación diferida conforme a la sección 457. Bankruptcy back taxes   Si usted trabaja para el gobierno local o estatal o para una organización exenta de impuestos, podría participar en un plan de compensación diferida conforme a la sección 457. Bankruptcy back taxes Si su plan cumple los requisitos, usted no paga ahora impuestos sobre los sueldos que se difieran bajo el plan ni sobre las utilidades recibidas de las inversiones hechas por el plan con los sueldos diferidos. Bankruptcy back taxes Por lo general, usted paga impuestos sobre las cantidades diferidas en un plan local o estatal que cumpla los requisitos sólo cuando se distribuyen del plan. Bankruptcy back taxes Usted paga impuestos en las cantidades diferidas de un plan de una organización exenta de impuestos cuando éstas son distribuidas o de otra manera están disponibles a usted. Bankruptcy back taxes   Su plan 457(b) puede tener una opción para un arreglo de ahorros para la jubilación designado Roth. Bankruptcy back taxes De ser así, quizás pueda reinvertir cantidades al arreglo de ahorros para la jubilación designado Roth o hacer aportaciones. Bankruptcy back taxes Los aplazamientos electivos a un arreglo de ahorros para la jubilación designado Roth se incluyen en su ingreso. Bankruptcy back taxes Las distribuciones calificadas de un arreglo designado Roth no están sujetas a impuestos. Bankruptcy back taxes   Este capítulo explica el tratamiento tributario de los beneficios de un plan creado al amparo de la sección 457, pero no cubre el trato de las cantidades diferidas. Bankruptcy back taxes Para más información acerca de las cantidades diferidas de planes conforme a la sección 457, vea Retirement Plan Contributions (Aportaciones a un plan de jubilación) bajo Employee Compensation (Compensación del empleado), en la Publicación 525, Taxable and Nontaxable Income (Ingresos tributables y no tributables), en inglés. Bankruptcy back taxes   Para obtener información general acerca de planes de compensación diferida, vea Section 457 Deferred Compensation Plans (Planes de compensación diferida conforme a la sección 457), en la Publicación 575, en inglés. Bankruptcy back taxes Pensiones por incapacidad. Bankruptcy back taxes   Si se jubiló por incapacidad, generalmente tiene que incluir en los ingresos toda pensión por incapacidad que reciba conforme a un plan que pague su empleador. Bankruptcy back taxes Tiene que declarar como salario los pagos por incapacidad sujetos a impuestos en la línea 7 del Formulario 1040 o del Formulario 1040A hasta que alcance la edad mínima de jubilación. Bankruptcy back taxes En general, la edad mínima de jubilación corresponde a la edad en que puede recibir una pensión o anualidad por primera vez si no está incapacitado. Bankruptcy back taxes    Quizás tenga derecho a un crédito tributario si estaba total y permanentemente incapacitado cuando se jubiló. Bankruptcy back taxes Para obtener información sobre el crédito para ancianos o incapacitados, vea el capítulo 33 . Bankruptcy back taxes   A partir del día después de cumplir la edad mínima de jubilación, los pagos que reciba están sujetos a impuestos en calidad de pensión o anualidad. Bankruptcy back taxes Declare los pagos en las líneas 16a y 16b del Formulario 1040 o en las líneas 12a y 12b del Formulario 1040A. Bankruptcy back taxes    Los pagos de incapacidad por lesiones causadas directamente por un ataque terrorista dirigido contra los Estados Unidos (o sus aliados) no se incluyen en los ingresos. Bankruptcy back taxes Para obtener más información acerca de los pagos a sobrevivientes de ataques terroristas, consulte la Publicación 3920, Tax Relief for Victims of Terrorist Attacks (Alivio de impuestos para víctimas de ataques terroristas), en inglés. Bankruptcy back taxes   Para obtener más información sobre cómo declarar pensiones por incapacidad, incluyendo pensiones militares y otras pensiones gubernamentales por incapacidad, consulte el capítulo 5 . Bankruptcy back taxes Funcionarios jubilados del sector de la seguridad pública. Bankruptcy back taxes   Un funcionario jubilado del sector de seguridad pública que reúna los requisitos puede optar por excluir de sus ingresos distribuciones de hasta $3,000 efectuadas directamente de un plan de jubilación del gobierno a un proveedor de seguro de accidente, salud o de cuidado por incapacidad a largo plazo. Bankruptcy back taxes Vea Insurance Premiums for Retired Public Safety Officers (Primas de seguros para funcionarios jubilados del sector de seguridad pública), en la Publicación 575, en inglés, para más información. Bankruptcy back taxes Beneficios de jubilación de empleados ferroviarios. Bankruptcy back taxes   Para fines tributarios, una parte de los beneficios de la jubilación de empleados ferroviarios recibidos se considera beneficios del Seguro Social y otra parte se considera pensión del empleado. Bankruptcy back taxes Para obtener información acerca de los beneficios de jubilación de empleados ferroviarios considerados beneficios del Seguro Social, consulte la Publicación 915, Social Security and Equivalent Railroad Retirement Benefits (Beneficios del Seguro Social y beneficios equivalentes de la jubilación de empleados ferroviarios), en inglés. Bankruptcy back taxes Para obtener información acerca de los beneficios de jubilación de empleados ferroviarios considerados pensión del empleado, consulte Railroad Retirement Benefits (Beneficios de jubilación de empleados ferroviarios) en la Publicación 575, en inglés. Bankruptcy back taxes Retención e impuesto estimado. Bankruptcy back taxes   El pagador del plan de pensiones, participación en las ganancias, bonificación de acciones, anualidad o compensación diferida retendrá impuestos sobre el ingreso correspondiente a las partes sujetas a impuestos de las cantidades que se le han pagado a usted. Bankruptcy back taxes Puede indicarle al pagador la cantidad de la retención a realizar al presentar el Formulario W-4P. Bankruptcy back taxes Si escoge que no le retengan impuestos o si no le retienen suficientes impuestos, tal vez tenga que pagar un impuesto estimado. Bankruptcy back taxes   Si se le paga una distribución con derecho a reinversión, no puede optar por que no le retengan impuestos. Bankruptcy back taxes Generalmente, se le retendrá el 20%, pero no hay retención sobre una reinversión directa de una distribución con derecho a reinversión. Bankruptcy back taxes Consulte Opción de reinversión directa en Reinversiones, más adelante. Bankruptcy back taxes   Para obtener más información, consulte Pensiones y Anualidades bajo Retención de Impuesto para el Año 2014, en el capítulo 4. Bankruptcy back taxes Planes calificados para trabajadores por cuenta propia. Bankruptcy back taxes   En ciertas ocasiones, los planes calificados establecidos por trabajadores por cuenta propia se denominan planes Keogh o H. Bankruptcy back taxes R. Bankruptcy back taxes 10. Bankruptcy back taxes Los planes calificados pueden ser establecidos por propietarios únicos, sociedades colectivas (pero no un socio) y sociedades anónimas. Bankruptcy back taxes Pueden cubrir a personas que trabajen por cuenta propia, como el propietario único o socios, y empleados regulares (de acuerdo con el derecho consuetudinario). Bankruptcy back taxes    Por lo general, las distribuciones de un plan calificado están sujetas a impuestos en su totalidad porque la mayoría de los beneficiarios no tiene una base de costos. Bankruptcy back taxes No obstante, si tiene una inversión (costo) en el plan, sus pagos de pensión o anualidad de un plan calificado se gravan conforme al Método Simplificado. Bankruptcy back taxes Para obtener más información acerca de los planes calificados, consulte la Publicación 560, Retirement Plans for Small Business (Planes de jubilación para pequeños negocios), en inglés. Bankruptcy back taxes Anualidades compradas. Bankruptcy back taxes   Si recibe pagos de pensión o anualidad de un contrato de anualidad de compra privada de una organización comercial, como una compañía de seguros, normalmente tiene que usar la Regla General para calcular la parte exenta de impuestos de cada pago de anualidad. Bankruptcy back taxes Para obtener más información acerca de la Regla General, consulte la Publicación 939, en inglés. Bankruptcy back taxes Asimismo, consulte Variable Annuities (Anualidades variables) en la Publicación 575, en inglés, para las disposiciones especiales que se aplican a estos contratos de anualidad. Bankruptcy back taxes Préstamos. Bankruptcy back taxes   Si toma un préstamo de su plan de pensiones, tiene que tratar el préstamo como una distribución no periódica salvo que se den ciertas excepciones. Bankruptcy back taxes Este trato también le aplica a cualquier préstamo obtenido conforme a un contrato comprado bajo su plan de jubilación y al valor de cualquier parte de su interés en el plan o contrato que ha usado como colateral o que ha asignado. Bankruptcy back taxes Esto significa que tiene que incluir en los ingresos la totalidad o parte de la cantidad obtenida en préstamo. Bankruptcy back taxes Aun si no tiene que tratar el préstamo como una distribución no periódica, en algunas situaciones quizás no pueda deducir los intereses sobre el préstamo. Bankruptcy back taxes Para más detalles, vea Loans Treated as Distributions (Préstamos tratados como distribuciones), en la Publicación 575, en inglés. Bankruptcy back taxes Para obtener más información acerca de la posibilidad de deducción de intereses, vea el capítulo 23 . Bankruptcy back taxes Intercambio exento de impuestos. Bankruptcy back taxes   No se reconocen ganancias ni pérdidas en un intercambio de un contrato de anualidad por otro contrato de anualidad si el asegurado o pensionista sigue siendo el mismo. Bankruptcy back taxes Sin embargo, la ganancia sobre el intercambio de un contrato de anualidad se considera ingresos ordinarios si la ganancia se debe a los intereses acumulados en el contrato y el intercambio del contrato de anualidad es por un seguro de vida o contrato de seguro dotal. Bankruptcy back taxes Consulte Transfers of Annuity Contracts (Traspasos de contratos de anualidad), en la Publicación 575, en inglés, para obtener más información acerca del intercambio de contratos de anualidad. Bankruptcy back taxes Cómo Hacer la Declaración Si presenta el Formulario 1040, declare la anualidad total en la línea 16a y la parte sujeta a impuestos en la línea 16b. Bankruptcy back taxes Si la pensión o anualidad está íntegramente sujeta a impuestos, anótela en la línea 16b; no anote nada en la línea 16a. Bankruptcy back taxes Si presenta el Formulario 1040A, declare su anualidad total en la línea 12a y la parte sujeta a impuestos en la línea 12b. Bankruptcy back taxes Si la pensión o anualidad está íntegramente sujeta a impuestos, anótela en la línea 12b; no anote nada en la línea 12a. Bankruptcy back taxes Más de una anualidad. Bankruptcy back taxes   Si recibe más de una anualidad y al menos una de ellas no está integramente sujeta a impuestos, anote la cantidad total recibida de todas las anualidades en la línea 16a del Formulario 1040 o en la línea 12a del Formulario 1040A. Bankruptcy back taxes Anote la parte sujeta a impuestos en la línea 16b del Formulario 1040 o en la línea 12b del Formulario 1040A. Bankruptcy back taxes Si todas las anualidades que usted reciba están integramente sujetas a impuestos, anote la suma de dichas anualidades en la línea 16b del Formulario 1040 o en la línea 12b del Formulario 1040A. Bankruptcy back taxes Declaración conjunta. Bankruptcy back taxes   Si presenta una declaración conjunta y usted y su cónyuge reciben, cada uno, una o más pensiones o anualidades, declare el total de las pensiones y anualidades en la línea 16a del Formulario 1040 o en la línea 12a del Formulario 1040A. Bankruptcy back taxes Declare la parte sujeta a impuestos en la línea 16b del Formulario 1040 o en la línea 12b del Formulario 1040A. Bankruptcy back taxes Costo (Inversión en el Contrato) Antes de calcular qué parte, si la hay, de una distribución de su pensión o anualidad es tributable, tiene que determinar el costo (su inversión en el contrato) de la pensión o anualidad. Bankruptcy back taxes Su costo total en el plan incluye la prima total, aportaciones y otras cantidades que haya pagado, en fin, todo lo que ha pagado. Bankruptcy back taxes Asimismo, incluye las cantidades que su empleador pagó y que eran tributables para usted al momento de dicho pago. Bankruptcy back taxes El costo no incluye cantidades que haya deducido o excluido de los ingresos. Bankruptcy back taxes De este costo total pagado, reste todo reembolso de primas, descuentos, dividendos, préstamos no reembolsados u otras cantidades exentas de impuestos que haya recibido en la fecha de inicio de la anualidad o en la fecha en que recibió su primer pago, la que ocurra más tarde. Bankruptcy back taxes La fecha de inicio de la anualidad es el primer día del primer período para el cual usted recibe un pago o la fecha en que se fijan las obligaciones del plan, lo que ocurra más tarde. Bankruptcy back taxes Arreglos de ahorros para la jubilación designados Roth. Bankruptcy back taxes   Su costo en estos arreglos se compone de las aportaciones designadas Roth que se incluyeron en sus ingresos como salario sujeto a los requisitos de retención de impuestos correspondientes. Bankruptcy back taxes Su costo también incluye toda inversión en arreglos de ahorros para la jubilación Roth dentro del mismo plan que incluyó en sus ingresos. Bankruptcy back taxes Aportaciones de empleo en el extranjero. Bankruptcy back taxes   Si usted trabajó en un país extranjero y se hicieron aportaciones a su plan de jubilación, se aplican reglas especiales al determinar su costo. Bankruptcy back taxes Consulte Foreign employment contributions (Aportaciones de empleo en el extranjero), bajo el tema Cost (Investment in the Contract) (Costo (Inversión en el contrato)), en inglés, en la Publicación 575, en inglés. Bankruptcy back taxes Tributación de Pagos Periódicos Pagos íntegramente tributables. Bankruptcy back taxes   Generalmente, si no pagó ninguna parte del costo de su pensión o anualidad del empleado y su empleador no retuvo parte del costo de su pago mientras usted trabajaba, las cantidades que recibe cada año son íntegramente tributables. Bankruptcy back taxes Tiene que declararlas en la declaración del impuesto sobre los ingresos. Bankruptcy back taxes Pagos parcialmente tributables. Bankruptcy back taxes   Si pagó parte del costo de su pensión o anualidad, no se gravará la parte de la pensión o anualidad que usted reciba y que represente un rendimiento de su costo. Bankruptcy back taxes El resto de la cantidad que reciba suele ser tributable. Bankruptcy back taxes Debe calcular las partes exentas y no exentas de impuestos de sus pagos de pensiones o anualidades conforme al Método Simplificado o a la Regla General. Bankruptcy back taxes La fecha de inicio de la anualidad determina qué método debe o puede usar. Bankruptcy back taxes   Si la fecha de inicio de la anualidad es posterior al 18 de noviembre de 1996 y sus pagos son de un plan calificado, tiene que usar el Método Simplificado. Bankruptcy back taxes Generalmente, tiene que usar la Regla General si su anualidad es pagada bajo un plan no calificado y usted no puede usar este método si su anualidad se pagó bajo un plan calificado. Bankruptcy back taxes   Si tenía más de una pensión o anualidad parcialmente tributable, calcule por separado la parte exenta y no exenta de impuestos. Bankruptcy back taxes   Si la anualidad se paga en virtud de un plan calificado y la fecha de inicio de la anualidad es posterior al 1 de julio de 1986 y anterior al 19 de noviembre de 1996, puede escoger usar la Regla General o el Método Simplificado. Bankruptcy back taxes Límite de exclusión. Bankruptcy back taxes   La fecha de inicio de la anualidad determina la cantidad total de pagos de anualidad que puede excluir de los ingresos tributables en el transcurso de los años. Bankruptcy back taxes Una vez que determina la fecha de inicio de su anualidad, ésta no cambia. Bankruptcy back taxes Si usted calcula la parte tributable del pago de su anualidad usando la Hoja de Trabajo del Método Simplificado, la fecha de inicio de la anualidad determina el período de recuperación para su costo. Bankruptcy back taxes Este período de recuperación comienza en la fecha de inicio de su anualidad y no se influye por la fecha en que primero completó la hoja de trabajo. Bankruptcy back taxes Exclusión limitada al costo. Bankruptcy back taxes   Si la fecha de inicio de la anualidad es posterior a 1986, la cantidad total del ingreso de anualidades que puede excluir en el transcurso de los años como recuperación del costo no puede ser superior al costo total. Bankruptcy back taxes Todo costo no recuperado en el momento de su muerte (o la muerte del último pensionista) se permite como deducción detallada miscelánea en la declaración final del fallecido. Bankruptcy back taxes Esta deducción no está sujeta al límite del 2% del ingreso bruto ajustado. Bankruptcy back taxes Exclusión no limitada al costo. Bankruptcy back taxes   Si la fecha de inicio de la anualidad es anterior a 1987, puede continuar optando a la exclusión mensual en tanto siga recibiendo su anualidad. Bankruptcy back taxes Si optó por una anualidad conjunta y de sobreviviente, su sobreviviente puede continuar optando a la exclusión del sobreviviente calculada a partir de la fecha de inicio de la anualidad. Bankruptcy back taxes La exclusión total podría ser mayor al costo en el que incurra. Bankruptcy back taxes Método Simplificado Conforme al Método Simplificado, la parte exenta de impuestos de cada pago de la anualidad se calcula dividiendo el costo entre el número total previsto de pagos mensuales. Bankruptcy back taxes Para una anualidad pagada durante la vida de los pensionistas, este número se basa en las edades de los pensionistas en la fecha de inicio de la anualidad y se determina a partir de una tabla. Bankruptcy back taxes Para cualquier otra anualidad, este número corresponde al número de pagos mensuales de la anualidad en virtud del contrato. Bankruptcy back taxes Quién tiene que usar el Método Simplificado. Bankruptcy back taxes   Usted tiene que usar el Método Simplificado si la fecha de inicio de la anualidad es posterior al 18 de noviembre de 1996 y cumple ambos requisitos: Recibe pagos de pensiones o anualidades de un plan calificado del empleado, anualidad calificada del empleado o plan de anualidad con refugio tributario (plan conforme a la sección 403(b)) y En la fecha de inicio de su anualidad, usted tenía menos de 75 de años de edad o tenía derecho a pagos garantizados por menos de 5 años. Bankruptcy back taxes Pagos garantizados. Bankruptcy back taxes   Su contrato de anualidad provee pagos garantizados si un número mínimo de pagos o una cantidad mínima (por ejemplo, la cantidad de su inversión) son pagados, aun si usted y algún pensionista sobreviviente no viven hasta que puedan recibir el mínimo. Bankruptcy back taxes Si la cantidad mínima es inferior a la cantidad total de pagos que usted va a recibir, salvo que fallezca, durante los primeros 5 años posteriores al comienzo de los pagos (calculado omitiendo todos los aumentos en los pagos), tiene derecho a menos de 5 años de pagos garantizados. Bankruptcy back taxes Hoja de Trabajo 10-A. Bankruptcy back taxes Hoja de Trabajo del Método Simplificado para Guillermo Rojas. Bankruptcy back taxes 1. Bankruptcy back taxes Anote el total de pagos de pensión o anualidad recibidos este año. Bankruptcy back taxes Asimismo, sume esta cantidad al total de la línea 16a del Formulario 1040 o de la línea 12a del Formulario 1040A 1. Bankruptcy back taxes 14,400 2. Bankruptcy back taxes Anote su costo en el plan (contrato) en la fecha de inicio de la anualidad más toda exclusión por beneficios en caso de fallecimiento*. Bankruptcy back taxes Vea Costo (Inversión en el Contrato) , anteriormente 2. Bankruptcy back taxes 31,000       Nota: Si la fecha de inicio de la anualidad fue antes del presente año y completó esta hoja de trabajo el año pasado, omita la línea 3 y anote la cantidad de la línea 4 de la hoja de trabajo del año pasado en la línea 4 siguiente (aun si la cantidad de la pensión o anualidad ha cambiado). Bankruptcy back taxes De lo contrario, pase a la línea 3. Bankruptcy back taxes         3. Bankruptcy back taxes Anote el número correspondiente de la Tabla 1, presentada a continuación. Bankruptcy back taxes Sin embargo, si la fecha de inicio de la anualidad fue después de 1997 y los pagos se realizarán durante su vida y la vida de su beneficiario, anote el número correspondiente de la Tabla 2 presentada a continuación 3. Bankruptcy back taxes 310     4. Bankruptcy back taxes Divida la línea 2 entre la cantidad anotada en la línea 3 4. Bankruptcy back taxes 100     5. Bankruptcy back taxes Multiplique la línea 4 por el número de meses durante los que se realizaron los pagos del presente año. Bankruptcy back taxes Si la fecha de inicio de la anualidad fue antes de 1987, anote esta cantidad en la línea 8 más adelante y omita las líneas 6, 7, 10 y 11. Bankruptcy back taxes De lo contrario, pase a la línea 6 . Bankruptcy back taxes 5. Bankruptcy back taxes 1,200     6. Bankruptcy back taxes Anote todas las cantidades recuperadas previamente exentas de impuestos en los años siguientes a 1986. Bankruptcy back taxes Esta cantidad aparece en la línea 10 de la hoja de trabajo del año pasado 6. Bankruptcy back taxes −0−     7. Bankruptcy back taxes Reste la línea 6 de la 2 7. Bankruptcy back taxes 31,000     8. Bankruptcy back taxes De las líneas 5 y 7, anote la cantidad que sea menor 8. Bankruptcy back taxes 1,200 9. Bankruptcy back taxes Cantidad tributable para el año. Bankruptcy back taxes Reste la línea 8 de la línea 1. Bankruptcy back taxes Anote el resultado, pero éste no puede ser menor que cero. Bankruptcy back taxes Asimismo, sume esta cantidad al total de la línea 16b del Formulario 1040 o de la línea 12b del Formulario 1040A 9. Bankruptcy back taxes 13,200   Nota: Si el Formulario 1099-R muestra una cantidad tributable mayor, use la cantidad de la línea 9 en su lugar. Bankruptcy back taxes Si es funcionario jubilado del sector de seguridad pública, vea Insurance Premiums for Retired Public Safety Officers (Primas de Seguros para Funcionarios Jubilados del Sector de Seguridad Pública) en la Publicación 575, en inglés, antes de anotar una cantidad en la declaración de impuestos. Bankruptcy back taxes     10. Bankruptcy back taxes ¿La fecha de inicio de su anualidad fue anterior a 1987? □ Sí. Bankruptcy back taxes NO SIGA. Bankruptcy back taxes No llene el resto de esta hoja de trabajo. Bankruptcy back taxes  ☑ No. Bankruptcy back taxes Sume las líneas 6 y 8. Bankruptcy back taxes El resultado es la cantidad recuperada exenta de impuestos hasta el año 2013 inclusive. Bankruptcy back taxes Necesitará esta cifra si necesita llenar esta hoja de trabajo el año que viene 10. Bankruptcy back taxes 1,200 11. Bankruptcy back taxes Saldo del costo por recuperar. Bankruptcy back taxes Reste la línea 10 de la línea 2. Bankruptcy back taxes Si es cero, no tendrá que llenar esta hoja de trabajo para el año que viene. Bankruptcy back taxes Los pagos que reciba el año próximo normalmente serán tributables en su totalidad 11. Bankruptcy back taxes 29,800 TABLA 1 PARA LA LÍNEA 3 ANTERIOR   Y la fecha de inicio de su anualidad fue: SI la edad en la  fecha de inicio de la anualidad era. Bankruptcy back taxes . Bankruptcy back taxes . Bankruptcy back taxes antes del 19 de noviembre de  1996, anote en la línea 3. Bankruptcy back taxes . Bankruptcy back taxes . Bankruptcy back taxes después del 18 de noviembre de  1996, anote en la línea 3. Bankruptcy back taxes . Bankruptcy back taxes . Bankruptcy back taxes 55 años de edad o menos 300 360 56–60 260 310 61–65 240 260 66–70 170 210 71 años de edad o más 120 160 TABLA 2 PARA LA LÍNEA 3 ANTERIOR SI la suma de las edades  en la fecha de inicio  de la anualidad era. Bankruptcy back taxes . Bankruptcy back taxes . Bankruptcy back taxes   ENTONCES anote en la línea 3. Bankruptcy back taxes . Bankruptcy back taxes . Bankruptcy back taxes 110 o menos   410 111–120   360 121–130   310 131–140   260 141 o más   210 * Una exclusión por beneficios en caso de fallecimiento (hasta $5,000) aplicada a ciertos beneficios recibidos por empleados que fallecieron antes del 21 de agosto de 1996. Bankruptcy back taxes Cómo usar el Método Simplificado. Bankruptcy back taxes    Complete la Hoja de Trabajo del Método Simplificado de la Publicación 575, en inglés, para calcular la anualidad tributable para 2013. Bankruptcy back taxes Anualidad sobre una sola vida. Bankruptcy back taxes    Si la anualidad solamente es pagada durante su vida, utilice la Tabla 1 en la parte inferior de la hoja de trabajo para determinar el número total de pagos mensuales previsto. Bankruptcy back taxes En la línea 3, anote el número correspondiente a su edad en la fecha de inicio de la anualidad. Bankruptcy back taxes Anualidad sobre más de una vida. Bankruptcy back taxes   Si la anualidad es pagada durante la vida de más de una persona, utilice la Tabla 2 en la parte inferior de la hoja de trabajo para determinar el número total de pagos mensuales previsto. Bankruptcy back taxes Anote en la línea 3 el número indicado en la tabla que es correspondiente a la suma de su edad y la del pensionista sobreviviente más joven en la fecha de inicio de la anualidad. Bankruptcy back taxes   Sin embargo, si la fecha de inicio de su anualidad comenzó antes de 1998, no utilice la Tabla 2 y no sume las edades de los pensionistas. Bankruptcy back taxes En vez de hacer eso, debe utilizar la Tabla 1 y anote en la línea 3 el número correspondiente a la edad del pensionista principal en la fecha de inicio de la anualidad. Bankruptcy back taxes    Asegúrese de guardar una copia de la hoja de trabajo completada, ya que le será de utilidad para calcular su anualidad tributable en el año entrante. Bankruptcy back taxes Ejemplo. Bankruptcy back taxes Guillermo Rojas, de 65 años de edad, comenzó a recibir beneficios de jubilación en el año 2013, conforme a una anualidad conjunta y de sobreviviente. Bankruptcy back taxes La fecha de inicio de la anualidad de Guillermo es el 1 de enero del año 2013. Bankruptcy back taxes Los beneficios se pagarán durante la vida conjunta de Guillermo y su esposa Marta, de 65 años de edad. Bankruptcy back taxes Guillermo había aportado $31,000 a un plan calificado y no había recibido distribuciones antes de la fecha de inicio de la anualidad. Bankruptcy back taxes Guillermo recibirá un beneficio de jubilación de $1,200 mensuales y Marta recibirá un beneficio de sobreviviente mensual de $600 tras la muerte de Guillermo. Bankruptcy back taxes Guillermo tiene que utilizar el Método Simplificado para calcular su anualidad tributable porque sus pagos provienen de un plan calificado y tiene menos de 75 años de edad. Bankruptcy back taxes Dado que su anualidad es pagada durante la vida de más de un pensionista, utiliza la suma de su edad y la de Marta y la Tabla 2 que aparece en la parte inferior de la hoja de trabajo para completar la línea 3 de la misma. Bankruptcy back taxes Su hoja de trabajo completada aparece en la Hoja de Trabajo 10-A . Bankruptcy back taxes La cantidad mensual exenta de impuestos de Guillermo es $100 ($31,000 ÷ 310), como se indica en la línea 4 de la hoja de trabajo. Bankruptcy back taxes Al morir Guillermo, si no ha recuperado la totalidad de la inversión de $31,000, Marta también excluirá $100 de su pago mensual de $600. Bankruptcy back taxes La cantidad total de todos los pagos de anualidad recibidos después de haberse efectuado 310 pagos se tiene que incluir en el ingreso bruto. Bankruptcy back taxes Si Guillermo y Marta fallecen antes de que se efectúen los 310 pagos, se permitirá una deducción detallada miscelánea por el costo no recuperado en la declaración del impuesto sobre el ingreso final del último en morir. Bankruptcy back taxes Esta deducción no está sujeta al límite del 2% del ingreso bruto ajustado. Bankruptcy back taxes Quién tiene que usar la Regla General. Bankruptcy back taxes   Se tiene que usar la Regla General si se reciben pagos de pensiones o anualidades de: Un plan no calificado (como una anualidad privada, una anualidad comercial comprada o un plan de empleado no calificado) o Un plan calificado si tiene 75 años de edad o más en la fecha de inicio de su anualidad y sus pagos de anualidad están garantizados por un mínimo de 5 años. Bankruptcy back taxes Anualidad cuya fecha de inicio es anterior al 19 de noviembre de 1996. Bankruptcy back taxes   Si la fecha de inicio de la anualidad es posterior al 1 de julio de 1986 y anterior al 19 de noviembre de 1996, tuvo que utilizar la Regla General para cualquiera de las circunstancias descritas anteriormente. Bankruptcy back taxes También tuvo que usarla para toda anualidad de plazo fijo. Bankruptcy back taxes Si no tuvo que utilizar la Regla General, pudo haber escogido usarla. Bankruptcy back taxes Si la fecha de inicio de la anualidad es anterior al 2 de julio de 1986, tuvo que usar la Regla General, a menos que haya podido usar la Regla de los Tres Años. Bankruptcy back taxes   Si tuvo que usar la Regla General (o escogió usarla), debe continuar usándola cada año que recupere su costo. Bankruptcy back taxes Quién no puede usar la Regla General. Bankruptcy back taxes   No puede usar la Regla General si recibe su pensión o anualidad de un plan calificado y ninguna de las circunstancias descritas anteriormente corresponde a su caso. Bankruptcy back taxes Consulte Quién tiene que usar el Método Simplificado , anteriormente. Bankruptcy back taxes Información adicional. Bankruptcy back taxes   Para obtener información completa acerca del uso de la Regla General, incluidas las tablas actuariales que necesitará utilizar, consulte la Publicación 939, en inglés. Bankruptcy back taxes Tributación de Pagos no Periódicos Las distribuciones no periódicas también se conocen como cantidades que no son recibidas como una anualidad. Bankruptcy back taxes Abarcan todos los pagos que no sean pagos periódicos o distribuciones correctivas. Bankruptcy back taxes Ejemplos de pagos no periódicos son retiros en efectivo, distribuciones de las ganancias de utilidad corriente, ciertos préstamos y el valor de un contrato de anualidad transferido sin consideración completa y adecuada. Bankruptcy back taxes Distribuciones correctivas de aportaciones en exceso hechas a un plan de jubilación. Bankruptcy back taxes   Normalmente, si las aportaciones hechas para usted durante el año a determinados planes de jubilación exceden ciertos límites, usted es responsable de pagar impuestos sobre el excedente. Bankruptcy back taxes Para corregir la cantidad en exceso, es posible que el plan se la devuelva (junto con todos los ingresos devengados sobre el mismo). Bankruptcy back taxes Para información acerca de los límites sobre aportaciones a un plan de jubilación y cómo declarar distribuciones correctivas, vea Retirement Plan Contributions (Aportaciones a un plan de jubilación), bajo Employee Compensation (Compensación del empleado), en la Publicación 525, en inglés. Bankruptcy back taxes Cómo calcular el monto sujeto a impuestos de los pagos que no son periódicos. Bankruptcy back taxes   El método que usted usa para calcular el monto sujeto a impuestos de una distribución no periódica depende de si la misma se hace antes de la fecha de inicio de la anualidad, o si se hace en o después de la fecha de inicio de la anualidad. Bankruptcy back taxes Si se hace la distribución antes de la fecha de inicio de la anualidad, el trato tributario de la misma también depende de si se hace conforme a un plan calificado o no calificado. Bankruptcy back taxes Si se hace conforme a un plan no calificado, su trato tributario dependerá de si le da fin completamente al contrato, si se recibe bajo ciertos seguros de vida o contratos de seguro dotal o si se puede asignar a una cantidad que usted invirtió antes del 14 de agosto de 1982. Bankruptcy back taxes Fecha de inicio de la anualidad. Bankruptcy back taxes   La fecha de inicio de la anualidad es el primer día del primer período para el cual usted recibe un pago de anualidad según estipula el contrato, o la fecha en que la obligación estipulada en el contrato se convierta en obligación fija, la que ocurra más tarde. Bankruptcy back taxes Distribución en la fecha de inicio de la anualidad o después de dicha fecha. Bankruptcy back taxes   Si recibe un pago no periódico procedente de su contrato de anualidad en, o después de, la fecha de inicio de la anualidad, generalmente tiene que incluir la totalidad del mismo en su ingreso bruto. Bankruptcy back taxes Distribución antes de la fecha de inicio de la anualidad. Bankruptcy back taxes   Si recibe una distribución que no sea periódica antes de la fecha de inicio de la anualidad proveniente de un plan de jubilación calificado, generalmente puede asignar sólo una parte de dicha distribución al costo del contrato. Bankruptcy back taxes Excluya del ingreso bruto la parte que asigne al costo. Bankruptcy back taxes Incluya el resto en su ingreso bruto. Bankruptcy back taxes   Si recibe una distribución no periódica antes de la fecha de inicio de la anualidad proveniente de un plan que no sea un plan de jubilación calificado (plan no calificado), por lo general la misma se asigna primero a las ganancias (la parte sujeta a impuestos) y luego al costo del contrato (la parte exenta de impuestos). Bankruptcy back taxes Esta regla de asignación se aplica, por ejemplo, a un contrato de anualidad comercial que haya comprado directamente del emisor. Bankruptcy back taxes    Las distribuciones de los planes no calificados están sujetas al impuesto sobre los ingresos netos de inversión. Bankruptcy back taxes Vea las Instrucciones para el Formulario 8960, disponibles en inglés. Bankruptcy back taxes   Para más información, vea Figuring the Taxable Amount (Cómo calcular el monto tributable), bajo Taxation of Nonperiodic Payments (Tributación de pagos no periódicos), en la Publicación 575, en inglés. Bankruptcy back taxes Distribuciones de Suma Global Esta sección, que abarca el tema de las distribuciones de sumas globales, sólo aplica si el participante del plan nació antes del 2 de enero de 1936. Bankruptcy back taxes Si el participante nació después del 1 de enero de 1936, la cantidad tributable de este pago no periódico se declara tal como se explicó anteriormente. Bankruptcy back taxes Una distribución de suma global es la distribución o el pago, en un año tributario, del saldo total de un participante de un plan, de todos los planes del empleador calificados del mismo tipo (por ejemplo, planes de pensiones, de participación en las ganancias o de bonificación de acciones). Bankruptcy back taxes La distribución de un plan no calificado (como una anualidad comercial de compra privada o un plan de compensación diferida de la sección 457 de un gobierno estatal o local o de una organización exenta de impuestos) no se puede considerar distribución de suma global. Bankruptcy back taxes El saldo total de un participante de un plan no incluye ciertas cantidades a las cuales perdió el derecho a ellas. Bankruptcy back taxes Tampoco incluye las aportaciones voluntarias del empleado que sean deducibles, permitidas por el plan después de 1981 y antes de 1987. Bankruptcy back taxes Para obtener más información acerca de las distribuciones que no se pueden considerar distribuciones de suma global, consulte Distributions that do not qualify (Distribuciones que no reúnen los requisitos), bajo Lump-Sum Distributions (Distribuciones de suma global) en la Publicación 575, en inglés. Bankruptcy back taxes Si recibe una distribución de suma global de un plan de empleado calificado o anualidad de empleado calificada y el participante del plan nació antes del 2 de enero de 1936, tal vez pueda elegir métodos alternos para el cálculo del impuesto sobre la distribución. Bankruptcy back taxes La parte de la participación activa en el plan antes de 1974 puede considerarse ganancia de capital sujeta a una tasa de impuesto del 20%. Bankruptcy back taxes La parte de la participación después de 1973 (y toda parte de la participación antes de 1974 que no declare como ganancia de capital) constituye ingresos ordinarios. Bankruptcy back taxes Tal vez pueda usar la opción de impuesto de 10 años, la cual se explica más adelante, para calcular los impuestos sobre la parte de los ingresos ordinarios. Bankruptcy back taxes Use el Formulario 4972 para calcular el impuesto separado sobre una distribución de suma global mediante los métodos a los que tiene opción. Bankruptcy back taxes El impuesto calculado en el Formulario 4972 se suma al impuesto básico calculado en otros ingresos. Bankruptcy back taxes Esto puede dar origen a un impuesto menor que el que usted pagaría si incluye la cantidad tributable de la distribución como ingresos ordinarios al calcular el impuesto básico. Bankruptcy back taxes Cómo tratar la distribución. Bankruptcy back taxes   Si recibe una distribución de suma global, podría tratar la parte tributable basándose en una de las siguientes opciones: Declare la parte de la distribución de la participación antes de 1974 como ganancia de capital (si reúne los requisitos) y la parte de la participación después de 1973 como ingresos ordinarios. Bankruptcy back taxes Declare la parte de la distribución de la participación antes de 1974 como ganancia de capital (si reúne los requisitos) y use la opción de impuesto de 10 años para calcular los impuestos sobre la parte de la participación después de 1973 (si reúne los requisitos). Bankruptcy back taxes Use la opción de impuesto de 10 años para calcular los impuestos sobre la cantidad tributable total (si reúne los requisitos). Bankruptcy back taxes Reinvierta toda o parte de la distribución. Bankruptcy back taxes Consulte Reinversiones , más adelante. Bankruptcy back taxes Actualmente no se deben impuestos sobre la parte reinvertida. Bankruptcy back taxes Declare toda parte no reinvertida como ingresos ordinarios. Bankruptcy back taxes Declare toda parte tributable de la distribución como ingresos ordinarios en la declaración de impuestos. Bankruptcy back taxes   Las tres primeras opciones se explican en los siguientes párrafos. Bankruptcy back taxes Opción al trato de suma global. Bankruptcy back taxes   Puede decidir usar la opción de impuesto de 10 años o el trato de ganancia de capital solamente una vez después de 1986 para todo participante de un plan. Bankruptcy back taxes Si escoge esta alternativa, no puede optar a ninguno de estos dos tratos para futuras distribuciones destinadas al participante. Bankruptcy back taxes Partes de la distribución sujetas a impuestos y exentas de impuestos. Bankruptcy back taxes    La parte sujeta a impuestos de una distribución de suma global corresponde a las aportaciones del empleador y al ingreso ganado sobre su cuenta. Bankruptcy back taxes Puede recuperar el costo de la suma global y toda revalorización neta no realizada (NUA, por sus siglas en inglés) en los valores bursátiles exentos de impuestos del empleador. Bankruptcy back taxes Costo. Bankruptcy back taxes   En general, su costo es el total de: Las aportaciones al plan no deducibles realizadas por el participante del plan, Los costos tributables del participante del plan de un contrato de seguro de vida ya pagado, Todas las aportaciones del empleador que hayan sido tributables para el participante del plan y Reembolsos de préstamos que hayan sido tributables para el participante del plan. Bankruptcy back taxes Tiene que descontar de este costo las cantidades previamente pagadas exentas de impuestos. Bankruptcy back taxes Revalorización neta no realizada (NUA, por sus siglas en inglés). Bankruptcy back taxes   Por lo general, la NUA en los valores bursátiles del empleador (recuadro 6 del Formulario 1099-R) recibida como parte de una distribución de suma global está exenta de impuestos hasta que usted venda o intercambie los valores bursátiles. Bankruptcy back taxes Para obtener más información, consulte Distributions of employer securities (Distribuciones de valores bursátiles del empleador), bajo Taxation of Nonperiodic Payments (Tributación de pagos no periódicos), en la Publicación 575, en inglés. Bankruptcy back taxes Trato de Ganancias de Capital El trato de ganancias de capital solamente se aplica a la parte tributable de una distribución de suma global originada por la participación en el plan antes de 1974. Bankruptcy back taxes La cantidad tratada como ganancia de capital se grava a una tasa del 20%. Bankruptcy back taxes Puede elegir este trato solamente una vez para un participante de un plan y sólo si éste nació antes del 2 de enero de 1936. Bankruptcy back taxes Complete la Parte II del Formulario 4972 para elegir la opción de ganancia de capital del 20%. Bankruptcy back taxes Para obtener más información, vea Capital Gain Treatment (Trato de ganancias de capital) bajo Lump-Sum Distributions (Distribuciones de suma global), en la Publicación 575, en inglés. Bankruptcy back taxes Opción de Impuesto de 10 Años La opción de impuesto de 10 años es una fórmula especial que se usa para calcular por separado un impuesto sobre la parte de ingresos ordinarios de una distribución de suma global. Bankruptcy back taxes Usted paga el impuesto solamente una vez, para el año en que recibe la distribución, y no durante los siguientes 10 años. Bankruptcy back taxes Puede elegir este trato solamente una vez para un participante de un plan y sólo si éste nació antes del 2 de enero de 1936. Bankruptcy back taxes La parte de ingresos ordinarios de la distribución corresponde a la cantidad que se indica en el recuadro 2a del Formulario 1099-R que le entregó el pagador, menos la cantidad, si la hay, que se indica en el recuadro 3. Bankruptcy back taxes También puede tratar la parte de la ganancia de capital de la distribución (recuadro 3 del Formulario 1099-R) como ingresos ordinarios para la opción de impuesto de 10 años si no elige el trato de ganancias de capital para esa parte. Bankruptcy back taxes Complete la Parte III del Formulario 4972 para elegir la opción de impuesto de 10 años. Bankruptcy back taxes Para calcular el impuesto, tiene que usar la Tasa Impositiva (Tax Rate Schedule) especial que se halla en las instrucciones de la Parte III. Bankruptcy back taxes La Publicación 575, en inglés, muestra cómo completar el Formulario 4972 para calcular el impuesto por separado. Bankruptcy back taxes Reinversiones Si retira dinero en efectivo u otros activos de un plan de jubilación calificado en una distribución con derecho a reinversión, puede diferir el impuesto sobre la distribución al reinvertirla a otro plan de jubilación calificado o arreglo IRA tradicional. Bankruptcy back taxes Para este fin, los siguientes son planes de jubilación calificados: Un plan de empleado calificado. Bankruptcy back taxes Un plan de anualidades de empleado calificado. Bankruptcy back taxes Un plan de anualidades con refugio tributario (plan 403(b)). Bankruptcy back taxes Un plan de compensación diferida de la sección 457 del gobierno estatal o local que reúna los requisitos. Bankruptcy back taxes Distribuciones con derecho a reinversión. Bankruptcy back taxes   Generalmente, una distribución con derecho a reinversión es toda distribución del total, o de alguna parte, del saldo a su favor en un plan de jubilación calificado. Bankruptcy back taxes Para información sobre excepciones a las distribuciones con derecho a reinversión, vea la Publicación 575, en inglés. Bankruptcy back taxes Reinversión de cantidades no tributables. Bankruptcy back taxes   Tal vez usted pueda reinvertir la parte no tributable de una distribución (como sus aportaciones después de impuestos) realizada en otro plan de jubilación calificado que sea un plan de empleado calificado o plan de la sección 403(b), o en un arreglo IRA tradicional o Roth IRA. Bankruptcy back taxes El traspaso se tiene que efectuar mediante una reinversión directa a un plan calificado o a un plan de la sección 403(b) que considere en forma separada las partes tributables y no tributables de la reinversión o a través de una reinversión en un arreglo IRA tradicional o en un arreglo Roth IRA. Bankruptcy back taxes   Si solamente reinvierte parte de una distribución que incluya cantidades tributables y no tributables, la cantidad reinvertida se trata como si proviniera primero de la parte tributable de la distribución. Bankruptcy back taxes   Toda aportación neta de impuestos que reinvierta en su arreglo IRA tradicional forma parte de la base (costo) en sus arreglos IRA. Bankruptcy back taxes Para recuperar la base después de sacar distribuciones de su arreglo IRA, tiene que llenar el Formulario 8606 para el año de la distribución. Bankruptcy back taxes Para más información, vea las Instrucciones para el Formulario 8606, en inglés. Bankruptcy back taxes Opción de reinversión directa. Bankruptcy back taxes   Puede elegir que se pague una parte o el total de una distribución con derecho a reinversión directamente a otro plan calificado que esté autorizado para recibirlas o a un arreglo IRA tradicional o arreglo Roth IRA. Bankruptcy back taxes Si elige una reinversión directa o si se efectúa una reinversión automática, no se retendrán impuestos de ninguna parte de la distribución que se pague directamente al fideicomisario del otro plan. Bankruptcy back taxes Si decide que se le pague la distribución. Bankruptcy back taxes   Si se le paga una distribución con derecho a reinversión, normalmente se retendrá el 20% de la misma para fines del impuesto sobre los ingresos. Bankruptcy back taxes No obstante, se considera que la totalidad de la distribución se le ha pagado aunque en realidad recibe sólo el 80% de la misma. Bankruptcy back taxes Normalmente, tiene que incluir en los ingresos toda parte (incluyendo la parte retenida) que no reinvierta dentro de los 60 días en otro plan de jubilación calificado o en un arreglo IRA tradicional o arreglo Roth IRA. Bankruptcy back taxes (Consulte Pensiones y Anualidades bajo Retención de Impuesto para el Año 2014, en el capítulo 4). Bankruptcy back taxes    Si decide reinvertir una cantidad igual a la distribución antes de la retención, su aportación al nuevo plan o arreglo IRA tiene que incluir otro dinero (por ejemplo, de ahorros o cantidades obtenidas en préstamo) para reemplazar la cantidad retenida. Bankruptcy back taxes Cuándo hacer la reinversión. Bankruptcy back taxes   Generalmente, tiene que efectuar por completo la reinversión de una distribución con derecho a reinversión a más tardar 60 días después del día en que reciba la distribución del plan de su empleador. Bankruptcy back taxes (Si recibe una distribución y durante los 60 días de haberla recibido ésta se convierte en depósito bloqueado de una institución financiera, el plazo de reinversión se prórroga por el período durante el cual la distribución se encuentre en un depósito bloqueado en una institución financiera). Bankruptcy back taxes   El IRS puede retirar el requisito de 60 días si la aplicación de dicho requisito fuera contrario a un trato de equidad o de buena conciencia, como en el caso de un hecho fortuito, desastre u otro evento fuera de un control razonable. Bankruptcy back taxes El administrador de un plan calificado tiene que entregarle una explicación por escrito de sus opciones de distribución dentro de un período razonable antes de realizar una distribución con derecho a reinversión. Bankruptcy back taxes Orden de relaciones domésticas calificadas (QDRO, por sus siglas en inglés). Bankruptcy back taxes   Tal vez pueda reinvertir la totalidad o parte exenta de impuestos de una distribución de un plan de jubilación calificado que reciba conforme a una orden de relaciones domésticas calificadas. Bankruptcy back taxes Si recibe la distribución como cónyuge o ex cónyuge de un empleado (no como beneficiario que no es cónyuge), se aplican a su caso las reglas de reinversión como si usted fuese el empleado. Bankruptcy back taxes Puede reinvertir la distribución del plan en un arreglo IRA tradicional o en otro plan de jubilación que reúna las condiciones. Bankruptcy back taxes Consulte el tema titulado Rollovers (Reinversiones), en la Publicación 575, en inglés, para obtener más información acerca de los beneficios recibidos conforme a una orden de este tipo. Bankruptcy back taxes Reinversiones por parte del cónyuge sobreviviente. Bankruptcy back taxes   Tal vez pueda reinvertir, exenta de impuestos, la totalidad o parte de una distribución de un plan de jubilación calificado que reciba como cónyuge sobreviviente de un empleado fallecido. Bankruptcy back taxes Las reglas de reinversión se le aplican como si usted fuese el empleado. Bankruptcy back taxes Puede reinvertir una distribución en un plan de jubilación calificado o en un arreglo IRA tradicional o arreglo Roth IRA. Bankruptcy back taxes En el caso de una reinversión en un arreglo Roth IRA, vea Reinversiones en arreglos Roth IRA , más adelante. Bankruptcy back taxes    Una distribución pagada a un beneficiario distinto al cónyuge sobreviviente del empleado no suele ser una distribución con derecho a reinversión. Bankruptcy back taxes No obstante, vea el tema que se presenta a continuación, Reinversiones por parte de un beneficiario que no sea el cónyuge . Bankruptcy back taxes Reinversiones por parte de un beneficiario que no sea el cónyuge. Bankruptcy back taxes   Si es beneficiario designado (que no sea el cónyuge sobreviviente) de un empleado fallecido, quizás pueda reinvertir la totalidad o parte exenta de impuestos de una distribución que reciba de un plan de jubilación calificado del empleado. Bankruptcy back taxes La distribución debe ser un traspaso directo de fideicomisario a fideicomisario a su arreglo IRA tradicional o su arreglo Roth IRA establecido para recibir dicha distribución. Bankruptcy back taxes El traspaso se considerará una distribución con derecho a reinversión y el plan que la recibe se considerará un arreglo IRA heredado. Bankruptcy back taxes Para más información sobre los arreglos IRA heredados, vea el tema titulado What if You Inherit an IRA? (¿Qué ocurre si usted hereda un IRA?), en el capítulo 1 de la Publicación 590, Individual Retirement Arrangements (IRAs) (Arreglos individuales de ahorro para la jubilación (IRA, por sus siglas en inglés)), en inglés. Bankruptcy back taxes Bonos de jubilación. Bankruptcy back taxes   Si rescata bonos de jubilación obtenidos conforme a un plan de compra de bonos calificado, puede reinvertir exentos de impuesto en un arreglo IRA la parte de las ganancias que sea superior a la base (como se explica en la Publicación 590, en inglés) o en un plan de empleador calificado. Bankruptcy back taxes Arreglos de ahorros para la jubilación designados Roth. Bankruptcy back taxes   Puede reinvertir una distribución con derecho a reinversión desde un arreglo designado Roth a otro arreglo designado Roth o a un arreglo Roth IRA. Bankruptcy back taxes Si desea reinvertir la parte de la distribución que no se incluya en los ingresos, tiene que hacer una reinversión directa de la distribución en su totalidad o puede reinvertir la cantidad entera (o cualquier parte de la misma) en un arreglo Roth IRA. Bankruptcy back taxes Para más información sobre las reinversiones de arreglos designados Roth, vea el tema titulado Rollovers (Reinversiones), en la Publicación 575, en inglés. Bankruptcy back taxes Reinversiones en arreglos de ahorros para la jubilación designados Roth IRA dentro del mismo plan. Bankruptcy back taxes   Si usted es participante en un plan de tipo 401(k), 403(b) o 457(b), es posible que pueda reinvertir fondos de dichos planes en un arreglo designado Roth dentro del mismo plan. Bankruptcy back taxes Se tiene que incluir en los ingresos la reinversión de cantidades libres de impuestos. Bankruptcy back taxes Vea el tema titulado Designated Roth Accounts (Cuentas designadas Roth), que se encuentra bajo el tema Rollovers (Reinversiones), en la Publicación 575, en inglés, para más información. Bankruptcy back taxes Reinversiones en arreglos Roth IRA. Bankruptcy back taxes   Puede reinvertir distribuciones directamente de un plan de jubilación calificado en un arreglo Roth IRA. Bankruptcy back taxes   Tiene que incluir en los ingresos brutos distribuciones procedentes de un plan de jubilación calificado (que no sea un arreglo designado Roth) que habría estado obligado a incluir en los ingresos si no las hubiera reinvertido en un arreglo Roth IRA. Bankruptcy back taxes No se incluye en los ingresos brutos ninguna parte de una distribución procedente de un plan de jubilación calificado que sea una devolución de aportaciones a dicho plan que estuviesen sujetas a impuestos cuando las hizo. Bankruptcy back taxes Asimismo, no corresponde el impuesto del 10% sobre distribuciones prematuras. Bankruptcy back taxes Información adicional. Bankruptcy back taxes   Para más información sobre las reglas relativas a la reinversión de distribuciones, vea el tema titulado Rollovers (Reinversiones), en la Publicación 575, en inglés. Bankruptcy back taxes Impuestos Adicionales Especiales Para desalentar el uso de fondos de pensiones para fines que no sean los de la jubilación normal, la ley impone impuestos adicionales sobre distribuciones prematuras de aquellos fondos y en aquellos casos en que los fondos no se retiran a tiempo. Bankruptcy back taxes Por lo general, no estará sujeto a estos impuestos si reinvierte toda distribución prematura que reciba, como se explica anteriormente, y comienza a retirar los fondos a una edad de jubilación normal y en cantidades razonables durante su expectativa de vida. Bankruptcy back taxes Estos impuestos adicionales especiales son impuestos sobre: Distribuciones prematuras y Acumulación en exceso (sin recibir distribuciones mínimas). Bankruptcy back taxes Estos impuestos se explican en las siguientes secciones. Bankruptcy back taxes Si tiene que pagar alguno de estos impuestos, declárelo en el Formulario 5329. Bankruptcy back taxes Sin embargo, no tiene que presentar el Formulario 5329 si adeuda solamente el impuesto sobre distribuciones prematuras y su Formulario 1099-R indica correctamente un “1” en el recuadro 7. Bankruptcy back taxes En su lugar, anote el 10% de la parte tributable de la distribución en la línea 58 del Formulario 1040 y escriba “No” bajo el título “ Other Taxes ” (Otros impuestos) a la izquierda de la línea 58. Bankruptcy back taxes Aun si no adeuda estos impuestos, es posible que tenga que completar el Formulario 5329 y adjuntarlo al Formulario 1040. Bankruptcy back taxes Esto corresponde si cumple una excepción al impuesto sobre distribuciones prematuras, pero el recuadro 7 de su Formulario 1099-R no indica una excepción. Bankruptcy back taxes Impuesto sobre Distribuciones Prematuras La mayoría de las distribuciones (periódicas y no periódicas) de planes de jubilación calificados y contratos de anualidades no calificados pagadas a usted antes de cumplir 59 años y medio de edad está sujeta a un impuesto adicional del 10%. Bankruptcy back taxes Este impuesto se aplica a la parte de la distribución que tiene que incluir en el ingreso bruto. Bankruptcy back taxes Para este fin, un plan de jubilación calificado es: Un plan de empleado calificado, Un plan de anualidades de empleado calificado, Un plan de anualidades con refugio tributario o Un plan de remuneración diferida de la sección 457 del gobierno estatal o local (en la medida en que alguna distribución sea atribuible a las cantidades que recibió el plan en un traspaso directo o reinversión de uno de los otros planes que se indican aquí o de un arreglo IRA). Bankruptcy back taxes Tasa del 5% en ciertas distribuciones prematuras de contratos de anualidad diferida. Bankruptcy back taxes   Si un retiro prematuro de una anualidad diferida está sujeto al impuesto adicional del 10%, en su lugar se podría aplicar una tasa de un 5%. Bankruptcy back taxes La tasa del 5% se aplica a distribuciones conforme a una opción por escrito que estipule un plan de distribución de su participación en el contrato si, para el 1 de marzo de 1986, usted había comenzado a recibir pagos conforme a esa opción. Bankruptcy back taxes En la línea 4 del Formulario 5329, en inglés, multiplique la cantidad de la línea 3 por el 5% en lugar del 10%. Bankruptcy back taxes Adjunte una explicación a su declaración. Bankruptcy back taxes Distribuciones de arreglos Roth IRA reinvertidas en un plan de jubilación que reúne los requisitos y dentro del plazo de cinco años. Bankruptcy back taxes   Si reinvirtió fondos de un plan de jubilación, el cual reúne los requisitos, en un arreglo Roth IRA y recibe una distribución de este arreglo Roth IRA dentro del plazo de cinco años que se inicia en el primer día del año tributario en el que efectuó dicha reinversión, es posible que tenga que pagar el impuesto adicional del 10% sobre distribuciones prematuras. Bankruptcy back taxes Normalmente, paga el impuesto adicional del 10% sobre toda cantidad atribuible a la parte de la reinversión que usted estuviera obligado a incluir en los ingresos. Bankruptcy back taxes Se utiliza el Formulario 5329 para calcular el impuesto adicional. Bankruptcy back taxes Para más información, vea el Formulario 5329 y las instrucciones del mismo. Bankruptcy back taxes Para información sobre distribuciones calificadas de un arreglo Roth IRA, vea Additional Tax on Early Distributions (Impuesto adicional sobre distribuciones prematuras) en el capítulo 2 de la Publicación 590, en inglés. Bankruptcy back taxes Distribuciones de arreglos de ahorros para la jubilación designados Roth asignables a distribuciones de un arreglo para la jubilación Roth efectuadas dentro del plazo de cinco años. Bankruptcy back taxes   Si reinvirtió fondos de un plan de tipo 401(k), 403(b) o 457(b) en un arreglo designado Roth IRA y recibe una distribución de este arreglo designado Roth IRA dentro del plazo de cinco años que se inicia en el primer día del año tributario en el que efectuó dicha reinversión, es posible que tenga que pagar el impuesto adicional del 10% sobre distribuciones prematuras. Bankruptcy back taxes Normalmente, paga el impuesto adicional del 10% sobre toda cantidad atribuible a la parte de la reinversión dentro del mismo plan que usted estuviera obligado a incluir en los ingresos. Bankruptcy back taxes Se utiliza el Formulario 5329 para calcular el impuesto adicional. Bankruptcy back taxes Para más información, vea el Formulario 5329 y las instrucciones del mismo. Bankruptcy back taxes Para información sobre distribuciones calificadas de un arreglo designado Roth IRA, vea Designated Roth accounts (Arreglos Roth IRA designados) bajo Taxation of Periodic Payments (Tributación de pagos periódicos), en la Publicación 575, en inglés. Bankruptcy back taxes Excepciones a los impuestos. Bankruptcy back taxes    Ciertas distribuciones prematuras se excluyen del impuesto sobre dichas distribuciones prematuras. Bankruptcy back taxes Si el pagador sabe que se aplica una excepción a su distribución prematura, el código de distribución “2”, “3” ó “4” debe aparecer en el recuadro 7 del Formulario 1099-R y usted no tiene que declarar la distribución en el Formulario 5329. Bankruptcy back taxes Si corresponde una excepción, pero el código de la distribución “1” (distribución prematura, se desconocen excepciones) aparece en el recuadro 7, tiene que presentar el Formulario 5329. Bankruptcy back taxes Anote en la línea 1 del Formulario 5329 la cantidad tributable de la distribución que aparece en el recuadro 2a de su Formulario 1099-R. Bankruptcy back taxes En la línea 2, anote la cantidad que se puede excluir y el número de la excepción que aparece en las instrucciones del Formulario 5329. Bankruptcy back taxes    Si el código de distribución “1” aparece incorrectamente en el Formulario 1099-R para una distribución recibida cuando tenía 59 años y medio de edad o más, incluya esa distribución en el Formulario 5329. Bankruptcy back taxes Anote el número de la excepción “12” en la línea 2. Bankruptcy back taxes Excepciones generales. Bankruptcy back taxes   El impuesto no se aplica a distribuciones que: Se realizan como parte de una serie de pagos periódicos básicamente iguales (efectuados como mínimo una vez al año) durante su vida (o expectativa de vida) o la vida conjunta (o expectativa de vida conjunta) de usted y de su beneficiario designado (si los pagos provienen de un plan de jubilación calificado, tienen que comenzar después de su retirada del trabajo), Se realizan porque usted se encuentra total y permanentemente incapacitado o Se realizan al momento de la muerte del participante del plan o dueño del contrato o después de la muerte. Bankruptcy back taxes Excepciones adicionales para planes de jubilación calificados. Bankruptcy back taxes   El impuesto no se aplica a distribuciones provenientes de: Un plan de jubilación calificado (que no sea un arreglo IRA) después de su retirada del trabajo durante o después del año en que cumplió 55 años de edad (50 años de edad para empleados calificados del sector de la seguridad pública), Un plan de jubilación calificado (que no sea un arreglo IRA) a un beneficiario alternativo conforme a una orden de relaciones domésticas calificadas, Un plan de jubilación calificado en la medida en que usted tenga gastos médicos deducibles que excedan del 10% (o 7. Bankruptcy back taxes 5% si usted o su cónyuge tiene 65 años de edad o más) de su ingreso bruto ajustado, independientemente de si detalla o no sus deducciones para el año, Un plan de empleador conforme a una opción por escrito que estipule un plan de distribución de la totalidad de su participación si, al 1 de marzo de 1986, usted se había retirado de servicio y había comenzado a recibir pagos conforme a esa opción, Un plan de acciones de propiedad de los empleados en el caso de dividendos de valores bursátiles del empleador administrados por el plan, Un plan de jubilación calificado debido a un embargo del plan por parte del IRS Cuentas de aplazamientos electivos bajo planes 401(k) o 403(b), o planes similares, que sean distribuciones para ciudadanos en reserva militar que reúnen los requisitos o Pagos de anualidades de jubilación por fases efectuados a empleados federales. Bankruptcy back taxes Vea la Publicación 721, disponible en inglés, si desea más información sobre el programa de jubilación por fases. Bankruptcy back taxes Empleados del sector de la seguridad pública que reúnen los requisitos. Bankruptcy back taxes   Si es empleado del sector de la seguridad pública y reúne los requisitos, las distribuciones hechas de un plan de pensiones gubernamental con beneficios definidos no están sujetas al impuesto adicional sobre distribuciones prematuras. Bankruptcy back taxes Se le considera empleado del sector de la seguridad pública que reúne los requisitos si provee protección policial, presta servicios de bombero o servicios médicos de urgencia para un estado o municipio y terminó de prestar servicios (se había separado del servicio) en, o después del, año en que cumplió los 50 años de edad. Bankruptcy back taxes Distribuciones para ciudadanos en reserva militar que reúnen los requisitos. Bankruptcy back taxes   Una distribución para ciudadanos en reserva militar que reúnen los requisitos no está sujeta a impuestos adicionales sobre distribuciones prematuras. Bankruptcy back taxes Una distribución para ciudadanos en reserva militar que reúnen los requisitos es una distribución: (