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Can I Efile My 2012 Taxes Now

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Can I Efile My 2012 Taxes Now

Can i efile my 2012 taxes now 2. Can i efile my 2012 taxes now   Filing Requirements and Required Disclosures Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Annual Information ReturnsSupporting Organization Annual Information Return Unrelated Business Income Tax ReturnEstimated tax. Can i efile my 2012 taxes now Employment Tax ReturnsException. Can i efile my 2012 taxes now FUTA tax exception. Can i efile my 2012 taxes now FICA tax exemption election. Can i efile my 2012 taxes now Revoking the election. Can i efile my 2012 taxes now Definitions. Can i efile my 2012 taxes now Effect on employees. Can i efile my 2012 taxes now Political Organization Income Tax ReturnExempt function. Can i efile my 2012 taxes now Political organization taxable income. Can i efile my 2012 taxes now Separate fund. Can i efile my 2012 taxes now Failure to file. Can i efile my 2012 taxes now Failure to pay on time. Can i efile my 2012 taxes now Reporting Requirements for a Political OrganizationForm 8871 Form 8872 Donee Information ReturnCharitable deduction property. Can i efile my 2012 taxes now Publicly traded securities. Can i efile my 2012 taxes now Exceptions. Can i efile my 2012 taxes now Form 8283. Can i efile my 2012 taxes now Information Provided to DonorsDisclosure of Quid Pro Quo Contributions Acknowledgment of Charitable Contributions of $250 or More Acknowledgment of Vehicle Contribution Qualified Intellectual Property Report of Cash Received Public Inspection of Exemption Applications, Annual Returns, and Political Organization Reporting FormsAnnual Information Return Public Inspection of Exemption Application Political Organization Reporting Forms Required DisclosuresSolicitation of Nondeductible Contributions Sales of Information or Services Available Free From Government Dues Used for Lobbying or Political Activities Prohibited Tax Shelter Transactions Miscellaneous RulesOrganizational Changes and Exempt Status Introduction Most exempt organizations (including private foundations) must file various returns and reports at some time during (or following the close of) their accounting period. Can i efile my 2012 taxes now Topics - This chapter discusses: Annual information returns Unrelated business income tax return Employment tax returns Political organization income tax return Reporting requirements for a political organization Donee information return Information provided to donors Report of cash received Public inspection of exemption applications, annual returns, and political organizations reporting forms Required disclosures Miscellaneous rules Useful Items - You may want to see: Publication 15 Circular E, Employer's Tax Guide 15-A Employer's Supplemental Tax Guide 15-B Employer's Tax Guide to Fringe Benefits 598 Tax on Unrelated Business Income of Exempt Organizations Form (and Instructions) 941 Employer's Quarterly Federal Tax Return 990 Return of Organization Exempt From Income Tax 990-EZ Short Form Return of Organization Exempt From Income Tax Schedule A (Form 990 or 990-EZ) Public Charity Status and Public Support Schedule B (Form 990, 990-EZ, or 990-PF) Schedule of Contributors Schedule C (Form 990 or 990-EZ) Political Campaign and Lobbying Activities Schedule D (Form 990) Supplemental Financial Statements Schedule E (Form 990 or 990-EZ) Schools Schedule F (Form 990) Statement of Activities Outside the United States Schedule G (Form 990 or 990-EZ) Supplemental Information Regarding Fundraising or Gaming Activities Schedule H (Form 990) Hospitals Schedule I (Form 990) Grants and Other Assistance to Organizations, Governments, and Individuals in the United States Schedule J (Form 990) Compensation Information Schedule K (Form 990) Supplemental Information on Tax-Exempt Bonds Schedule L (Form 990 or 990-EZ) Transactions With Interested Persons Schedule M (Form 990) Noncash Contributions Schedule N (Form 990 or 990-EZ) Liquidation, Termination, Dissolution, or Significant Disposition of Assets Schedule O (Form 990 or 990-EZ) Supplemental Information to Form 990 Schedule R (Form 990) Related Organizations and Unrelated Partnerships 990-PF Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation 990-BL Information and Initial Excise Tax Return for Black Lung Benefit Trusts and Certain Related Persons 990-T Exempt Organization Business Income Tax Return 990-W Estimated Tax on Unrelated Business Taxable Income for Tax-Exempt Organizations 1120-POL U. Can i efile my 2012 taxes now S. Can i efile my 2012 taxes now Income Tax Return for Certain Political Organizations 4720 Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code 5768 Election/Revocation of Election by an Eligible Section 501(c)(3) Organization To Make Expenditures To Influence Legislation 6069 Return of Excise Tax on Excess Contributions to Black Lung Benefit Trust Under Section 4953 and Computation of Section 192 Deduction 7004 Application for Automatic Extension of Time to File Certain Business Income Tax, Information, and Other Returns 8274 Certification by Churches and Qualified Church-Controlled Organizations Electing Exemption from Employer Social Security and Medicare Taxes 8282 Donee Information Return 8300 Report of Cash Payments Over $10,000 Received in a Trade or Business 8453-X Political Organization Declaration for Electronic Filing of Notice of Section 527 Status 8822-B Change of Address-Business 8868 Application for Extension of Time to File an Exempt Organization Return 8870 Information Return for Transfers Associated with Certain Personal Benefits Contracts 8871 Political Organization Notice of Section 527 Status 8872 Political Organization Report of Contributions and Expenditures 8886-T Disclosure by Tax-Exempt Entity Regarding Prohibited Tax Shelter Transaction 8899 Notice of Income from Donated Intellectual Property 8940 Request for Miscellaneous Determination See chapter 6 for information about getting these publications and forms. Can i efile my 2012 taxes now Annual Information Returns Every organization exempt from federal income tax under section 501(a) must file an Annual Exempt Organization Return except: A church, an interchurch organization of local units of a church, a convention or association of churches, An integrated auxiliary of a church, A church-affiliated organization that is exclusively engaged in managing funds or maintaining retirement programs, A school below college level affiliated with a church or operated by a religious order, Church-affiliated mission societies if more than half of their activities are conducted in, or are directed at persons in, foreign countries, An exclusively religious activity of any religious order, A state institution, the income of which is excluded from gross income under section 115, A corporation described in section 501(c)(1) that is organized under an Act of Congress, an instrumentality of the United States, and is exempt from Federal income taxes, A stock bonus, pension, or profit-sharing trust that qualifies under section 401 (required to file Form 5500, Annual Return/Report of Employee Benefit Plan), A religious or apostolic organization described in section 501(d) (required to file Form 1065, U. Can i efile my 2012 taxes now S. Can i efile my 2012 taxes now Return of Partnership Income), A governmental unit or an affiliate of a governmental unit that meets the requirements of Revenue Procedure 95-48, 1995-2 C. Can i efile my 2012 taxes now B. Can i efile my 2012 taxes now 418, www. Can i efile my 2012 taxes now irs. Can i efile my 2012 taxes now gov/pub/irs-tege/rp1995-48. Can i efile my 2012 taxes now pdf, A private foundation described in section 501(c)(3) and exempt under section 501(a) (required to file Form 990-PF, Return of Private Foundation), A political organization that is a state or local committee of a political party, a political committee of a state or local candidate, a caucus or association of state or local officials, or required to report under the Federal Election Campaign Act of 1971 as a political committee, An exempt organization (other than a private foundation) that normally has annual gross receipts of $50,000 or less, or A foreign organization, or an organization located in a U. Can i efile my 2012 taxes now S. Can i efile my 2012 taxes now possession, that normally has annual gross receipts from sources within the United States of $50,000 or less. Can i efile my 2012 taxes now Supporting Organization Annual Information Return For tax years ending after August 17, 2006, all section 509(a)(3) supporting organizations are required to file Form 990 or 990-EZ with the IRS regardless of the organization's gross receipts, unless it qualifies as one of the following: An integrated auxiliary of a church; The exclusively religious activities of a religious order; or An organization, the gross receipts of which are normally not more than $5,000, that supports a section 509(a)(3) religious order. Can i efile my 2012 taxes now If the organization is described in item (3) above, then it must submit Form 990-N (e-Postcard) unless it voluntarily files Form 990 or 990-EZ. Can i efile my 2012 taxes now On its annual information return, at Part I, Schedule A (Form 990 or 990-EZ) a supporting organization must: List the section 509(a)(3) organizations to which it provides support, Indicate whether it is a Type I, Type II, or Type III supporting organization, and Certify that the organization is not controlled directly or indirectly by disqualified persons (other than by foundation managers and other than one or more publicly supported organizations). Can i efile my 2012 taxes now Annual Electronic Filing Requirement for Small Tax-Exempt Organizations Small tax-exempt organizations with annual gross receipts normally $50,000 or less must submit Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or 990-EZ, with the IRS each year, if they choose not to file a Form 990 or 990-EZ. Can i efile my 2012 taxes now Form 990-N requires the following information: The organization's legal name, and mailing address; Any name under which it operates and does business; Its Internet website address (if any); Its taxpayer identification number; The name and address of a principal officer; Organization's annual tax period; Verification that the organization's annual gross receipts are normally $50,000 or less; and Notification if the organization has terminated. Can i efile my 2012 taxes now Form 990-N is due by the 15th day of the fifth month after the close of the tax year. Can i efile my 2012 taxes now For tax years beginning after December 31, 2006, any organization that fails to meet its annual reporting requirement for 3 consecutive years will automatically lose its tax-exempt status. Can i efile my 2012 taxes now To regain its exempt status an organization will have to reapply for recognition as a tax-exempt organization. Can i efile my 2012 taxes now Exceptions. Can i efile my 2012 taxes now   This filing requirement does not apply to: Churches, their integrated auxiliaries, and conventions or associations of churches; Organizations that are included in a group return; Private foundations required to file Form 990-PF; and Section 509(a)(3) supporting organizations required to file Form 990 or Form 990-EZ. Can i efile my 2012 taxes now Forms 990 and 990-EZ Exempt organizations, other than private foundations, must file their annual information returns on Form 990 or 990-EZ, unless excepted from filing or allowed to submit Form 990-N, described earlier. Can i efile my 2012 taxes now Generally, political organizations with gross receipts of $25,000 ($100,000 for a qualified state or local political organization (QSLPO)) or more for the tax year are required to file Form 990 or 990-EZ unless specifically excepted from filing the annual return. Can i efile my 2012 taxes now The following political organizations are not required to file Form 990 or Form 990-EZ. Can i efile my 2012 taxes now A state or local committee of a political party. Can i efile my 2012 taxes now A political committee of a state or local candidate. Can i efile my 2012 taxes now A caucus or association of state or local officials. Can i efile my 2012 taxes now A political organization that is required to report as a political committee under the Federal Election Campaign Act. Can i efile my 2012 taxes now A 501(c) organization that has expenditures for influencing or attempting to influence the selection, nomination, election, or appointment of any individual for a federal, state, or local public office. Can i efile my 2012 taxes now Form 990-EZ. Can i efile my 2012 taxes now   This is a shortened version of Form 990. Can i efile my 2012 taxes now It is designed for use by small exempt organizations and nonexempt charitable trusts. Can i efile my 2012 taxes now   Beginning in tax year 2010, an organization can file either Form 990 or 990-EZ if it meets the following: Its gross receipts during the year are less than $200,000. Can i efile my 2012 taxes now Its total assets (line 25, column (B) of Form 990-EZ) at the end of the year are less than $500,000. Can i efile my 2012 taxes now If your organization does not meet either of these conditions, you cannot file Form 990-EZ. Can i efile my 2012 taxes now Instead you must file Form 990. Can i efile my 2012 taxes now Group return. Can i efile my 2012 taxes now   A group return on Form 990 may be filed by a central, parent, or like organization for two or more local organizations, none of which is a private foundation. Can i efile my 2012 taxes now This return is in addition to the central organization's separate annual return if it must file a return. Can i efile my 2012 taxes now It cannot be included in the group return. Can i efile my 2012 taxes now See the instructions for Form 990 for the conditions under which this procedure may be used. Can i efile my 2012 taxes now    In any year that an organization is properly included as a subordinate organization on a group return, it should not file its own Form 990. Can i efile my 2012 taxes now Schedule A (Form 990 or 990-EZ). Can i efile my 2012 taxes now   Organizations, other than private foundations, that are described in section 501(c)(3) and that are otherwise required to file Form 990 or 990-EZ must also complete Schedule A of that form. Can i efile my 2012 taxes now Schedule B (Form 990, Form 990-EZ, or 990-PF). Can i efile my 2012 taxes now   Organizations that file Form 990 or 990-EZ use this schedule to provide required information regarding their contributors. Can i efile my 2012 taxes now Schedule O (Form 990). Can i efile my 2012 taxes now   Organizations that file Form 990 must use this schedule to provide required additional information or if additional space is needed. Can i efile my 2012 taxes now   Other schedules may be required to be filed with Form 990 or 990-EZ. Can i efile my 2012 taxes now See the instructions for Form 990 or the instructions for Form 990-EZ for more information. Can i efile my 2012 taxes now Report significant new or changed program services and changes to organizational documents. Can i efile my 2012 taxes now    An organization should report new significant program services or significant changes in how it conducts program services, and significant changes to its organizational documents, on its Form 990 rather than in a letter to EO Determinations. Can i efile my 2012 taxes now EO Determinations no longer issues letters confirming the tax-exempt status of organizations that report new services or significant changes, or changes to organizational documents. Can i efile my 2012 taxes now See Miscellaneous Rules, Organization Changes and Exempt Status, later. Can i efile my 2012 taxes now Form 990-PF All private foundations exempt under section 501(c)(3) must file Form 990-PF. Can i efile my 2012 taxes now These organizations are discussed in chapter 3. Can i efile my 2012 taxes now Electronic Filing You may be required to file Form 990, Form 990-EZ, or Form 990-PF, and related forms, schedules, and attachments electronically. Can i efile my 2012 taxes now If an organization is required to file a return electronically but does not, the organization is considered to have not filed its return. Can i efile my 2012 taxes now See Regulations section 301. Can i efile my 2012 taxes now 6033-4 for more information. Can i efile my 2012 taxes now The IRS may waive the requirement to file electronically in cases of undue hardship. Can i efile my 2012 taxes now For information on filing a waiver, see Notice 2010-13, 2010-4 I. Can i efile my 2012 taxes now R. Can i efile my 2012 taxes now B. Can i efile my 2012 taxes now 327, available at www. Can i efile my 2012 taxes now irs. Can i efile my 2012 taxes now gov/ir/2010-04_IRSB/ar14. Can i efile my 2012 taxes now html. Can i efile my 2012 taxes now Form 990. Can i efile my 2012 taxes now   An organization is required to file Form 990 electronically if it files at least 250 returns during the calendar year and has total assets of $10 million or more at the end of the tax year. Can i efile my 2012 taxes now Form 990-PF. Can i efile my 2012 taxes now   An organization is required to file Form 990-PF electronically if it files at least 250 returns during the calendar year. Can i efile my 2012 taxes now Due Date Forms 990, 990-EZ, or 990-PF must be filed by the 15th day of the fifth month after the end of your organization's accounting period. Can i efile my 2012 taxes now Thus, for a calendar year taxpayer, Forms 990, 990-EZ, or 990-PF is due May 15 of the following year. Can i efile my 2012 taxes now Extension of time to file. Can i efile my 2012 taxes now   Use Form 8868 to request an automatic 3-month extension of time to file Forms 990, 990-EZ, or 990-PF and also to apply for an additional (not automatic) 3-month extension if needed. Can i efile my 2012 taxes now   Do not apply for both the automatic 3-month extension and the additional 3-month extension at the same time. Can i efile my 2012 taxes now For more information, see Form 8868 and its instructions. Can i efile my 2012 taxes now   When filing Form 8868 for an automatic 3-month extension, neither a signature, nor an explanation is required. Can i efile my 2012 taxes now However, when filing Form 8868 for an additional 3-month extension, both a signature and an explanation are required. Can i efile my 2012 taxes now Application for exemption pending. Can i efile my 2012 taxes now   An organization that claims to be exempt under section 501(a) but has not established its exempt status by the due date for filing an information return must complete and file Form 990, 990-EZ, 990–N or 990-PF (if it considers itself a private foundation), unless the organization is exempt from Form 990-series filing requirements. Can i efile my 2012 taxes now If the organization's application is pending with the IRS, it must so indicate on Forms 990, 990-EZ, or 990-PF (whichever applies) by checking the application pending block at the top of page 1 of the return. Can i efile my 2012 taxes now For more information on the filing requirements, see the Instructions for Forms 990, 990-EZ, and 990-PF. Can i efile my 2012 taxes now State reporting requirements. Can i efile my 2012 taxes now   Copies of Forms 990, 990-EZ, or 990-PF may be used to satisfy state reporting requirements. Can i efile my 2012 taxes now See the instructions for those forms. Can i efile my 2012 taxes now Form 8870. Can i efile my 2012 taxes now   Organizations that filed a Form 990, 990-EZ, or 990-PF, and paid premiums or received transfers on certain life insurance, annuity, and endowment contracts (personal benefit contracts), must file Form 8870. Can i efile my 2012 taxes now For more information, see Form 8870 and the instructions for that form. Can i efile my 2012 taxes now Automatic Revocation If the organization fails to file a Form 990, 990-EZ, or 990-PF, or fails to submit a Form 990-N, as required, for 3 consecutive years, it will automatically lose its tax-exempt status by operation of law. Can i efile my 2012 taxes now The list of organizations whose tax-exempt status has been automatically revoked is available on IRS. Can i efile my 2012 taxes now gov. Can i efile my 2012 taxes now This list (Auto-Revocation List) may be viewed and searched on Exempt Organizations Select Check. Can i efile my 2012 taxes now The Auto-Revocation List includes each organization's name, Employer Identification Number (EIN) and last known address. Can i efile my 2012 taxes now It also includes the effective date of the automatic revocation and the date it was posted to the list. Can i efile my 2012 taxes now The IRS updates the list monthly to include additional organizations that lose their tax-exempt status. Can i efile my 2012 taxes now Tax Effect of Loss of Tax-Exempt Status If your organization’s tax-exempt status is automatically revoked, you may be required to file one of the following federal income tax returns and pay any applicable income taxes: Form 1120, U. Can i efile my 2012 taxes now S. Can i efile my 2012 taxes now Corporation Income Tax Return, due by the 15th day of the 3rd month after the end of your organization’s tax year, or Form 1041, U. Can i efile my 2012 taxes now S. Can i efile my 2012 taxes now Income Tax Return for Estates and Trusts, due by the 15th day of the 4th month after the end of your organization’s tax year. Can i efile my 2012 taxes now In addition, a section 501(c)(3) organization that loses its tax-exempt status cannot receive tax-deductible contributions and will not be identified in the IRS Business Master File extract as eligible to received tax-deductible contributions, or be included in Exempt Organizations Select Check (Pub 78 database). Can i efile my 2012 taxes now An organization whose exemption was automatically revoked must apply for tax exemption in order to regain its tax exemption (even if it was not originally required to apply). Can i efile my 2012 taxes now In some situations, an organization may be able to obtain exemption retroactive to its date of revocation. Can i efile my 2012 taxes now For more information about automatic revocation, go to IRS. Can i efile my 2012 taxes now gov and select Charities & Non-Profits and then select Revoked? Reinstated? Learn More. Can i efile my 2012 taxes now Penalties Penalties for failure to file. Can i efile my 2012 taxes now   Generally, an exempt organization that fails to file a required return must pay a penalty of $20 a day for each day the failure continues. Can i efile my 2012 taxes now The same penalty will apply if the organization does not give all the information required on the return or does not give the correct information. Can i efile my 2012 taxes now Maximum penalty. Can i efile my 2012 taxes now   The maximum penalty for any one return is the smaller of $10,000 or 5% of the organization's gross receipts for the year. Can i efile my 2012 taxes now Organization with gross receipts over $1 million. Can i efile my 2012 taxes now   For an organization that has gross receipts of over $1 million for the year, the penalty is $100 a day up to a maximum of $50,000. Can i efile my 2012 taxes now Managers. Can i efile my 2012 taxes now   If the organization is subject to this penalty, the IRS may specify a date by which the return or correct information must be supplied by the organization. Can i efile my 2012 taxes now Failure to comply with this demand will result in a penalty imposed upon the manager of the organization, or upon any other person responsible for filing a correct return. Can i efile my 2012 taxes now The penalty is $10 a day for each day that a return is not filed after the period given for filing. Can i efile my 2012 taxes now The maximum penalty imposed on all persons with respect to any one return is $5,000. Can i efile my 2012 taxes now Exception for reasonable cause. Can i efile my 2012 taxes now   No penalty will be imposed if reasonable cause for failure to file timely can be shown. Can i efile my 2012 taxes now Unrelated Business Income Tax Return Even though your organization is recognized as tax exempt, it still may be liable for tax on its unrelated business income. Can i efile my 2012 taxes now Unrelated business income is income from a trade or business, regularly carried on, that is not substantially related to the charitable, educational, or other purpose that is the basis for the organization's exemption. Can i efile my 2012 taxes now If your organization has $1,000 or more of unrelated business income, you must file Form 990-T in addition to your required annual information return. Can i efile my 2012 taxes now Estimated tax. Can i efile my 2012 taxes now   Quarterly estimated tax payments are due if your organization expects to owe $500 or more in tax including unrelated business income. Can i efile my 2012 taxes now Use Form 990-W to figure your organization's estimated tax payments. Can i efile my 2012 taxes now Travel tour programs. Can i efile my 2012 taxes now   Travel tour activities that are a trade or business are an unrelated trade or business if the activities are not substantially related to the purpose to which tax exemption was granted to the organization. Can i efile my 2012 taxes now   Whether travel tour activities conducted by an organization are substantially related to the organization's tax exempt purpose is determined by looking at all the relevant facts and circumstances, including, but not limited to, how a travel tour is developed, promoted, and operated. Can i efile my 2012 taxes now Example. Can i efile my 2012 taxes now ABC, a university alumni association, is tax exempt as an educational organization under section 501(c)(3). Can i efile my 2012 taxes now As part of its activities, ABC operates a travel tour program. Can i efile my 2012 taxes now The program is open to all current members of ABC and their guests. Can i efile my 2012 taxes now ABC works with travel agents to schedule approximately ten tours annually to various destinations around the world. Can i efile my 2012 taxes now Members of ABC pay $1,000 to XYZ Travel Agency to participate in a tour. Can i efile my 2012 taxes now XYZ pays ABC a per person fee for each participant. Can i efile my 2012 taxes now Although the literature advertising the tours encourages ABC members to continue their lifelong learning by joining the tours, and a faculty member of ABC's related university frequently joins the tour as a guest of the alumni association, none of the tours include any scheduled instruction or curriculum related to the destinations being visited. Can i efile my 2012 taxes now The travel tours made available to ABC's members do not contribute importantly to the accomplishment of ABC's educational purpose. Can i efile my 2012 taxes now Rather, ABC's program is designed to generate revenues for ABC by regularly offering its members travel services. Can i efile my 2012 taxes now Therefore, ABC's tour program is an unrelated trade or business. Can i efile my 2012 taxes now For additional information on unrelated business income, see Publication 598 and the Instructions for Form 990-T. Can i efile my 2012 taxes now Employment Tax Returns Every employer, including an organization exempt from federal income tax, who pays wages to employees is responsible for withholding, depositing, paying, and reporting federal income tax, social security and Medicare (FICA) taxes, and federal unemployment tax (FUTA), unless that employer is specifically excepted by law from those requirements, or if the taxes clearly do not apply. Can i efile my 2012 taxes now For more information, obtain a copy of Publication 15, which summarizes the responsibilities of an employer, Publication 15-A, Publication 15-B, and Form 941. Can i efile my 2012 taxes now Small Business Health Care Tax Credit. Can i efile my 2012 taxes now   If your small tax-exempt organization provides health care coverage for your workers you may qualify for the small business health care tax credit. Can i efile my 2012 taxes now Go to IRS. Can i efile my 2012 taxes now gov and select Affordable Care Act Tax Provisions for more details. Can i efile my 2012 taxes now See Small Business Health Care Tax Credit at www. Can i efile my 2012 taxes now irs. Can i efile my 2012 taxes now gov/newsroom/article/0,,id=223666,00. Can i efile my 2012 taxes now html. Can i efile my 2012 taxes now Expanded Work Opportunity Tax Credit Available for Hiring Qualified Veterans. Can i efile my 2012 taxes now   The VOW to Hire Heroes Act of 2011 made changes to the Work Opportunity Tax Credit (WOTC). Can i efile my 2012 taxes now The Act added two new categories to the existing qualified veteran targeted group and made the WOTC available to certain tax-exempt employers as a credit against the employer's share of social security tax. Can i efile my 2012 taxes now The Act allows employers to claim the WOTC for veterans certified as qualified veterans and who begin work before January 1, 2013. Can i efile my 2012 taxes now This tax credit was extended through December 31, 2013, under the American Taxpayer Relief Act, passed on January 1, 2013. Can i efile my 2012 taxes now   The credit can be as high as $6,240 for qualified tax-exempt organizations. Can i efile my 2012 taxes now The amount of the credit depends on a number of factors, including the length of the veteran’s unemployment before hire, the number of hours the veteran works, and the veteran’s first-year wages. Can i efile my 2012 taxes now The amount of the credit for qualified tax-exempt organizations may not exceed the organization's employer social security tax for the period for which the credit is claimed. Can i efile my 2012 taxes now   All employers must obtain certification that an individual is a member of the targeted group, before the employer may claim the credit. Can i efile my 2012 taxes now The process for certifying veterans for this credit is the same for all employers. Can i efile my 2012 taxes now For more information, see Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity Credit and the instructions to Form 8850. Can i efile my 2012 taxes now Notice 2012-13, 2012-9 I. Can i efile my 2012 taxes now R. Can i efile my 2012 taxes now B. Can i efile my 2012 taxes now 421, also provides additional guidance on submission Form 8850. Can i efile my 2012 taxes now   Organizations described in section 501(c) and exempt from taxation under section 501(a) may claim the credit for qualified veterans who begin work on or after Nov. Can i efile my 2012 taxes now 22, 2011, and before January 1, 2013. Can i efile my 2012 taxes now After the required certification is secured, tax-exempt employers claim the credit against the employer social security tax by separately filing Form 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans, Form 5884-C. Can i efile my 2012 taxes now File Form 5884-C after filing the related employment tax return for the employment tax period for which the credit is claimed. Can i efile my 2012 taxes now It is recommended that qualified tax-exempt employers do not reduce their required deposits in anticipation of any credit as the forms are processed separately. Can i efile my 2012 taxes now In addition to Form 5884-C and its instructions, tax-exempt employers should see Notice 2012-13 and the Frequently Asked Questions & Answers for more details for claiming the credit. Can i efile my 2012 taxes now Trust fund recovery penalty. Can i efile my 2012 taxes now   If any person required to collect, truthfully account for, and pay over any of these taxes willfully fails to satisfy any of these requirements or willfully tries in any way to evade or defeat any of them, that person will be subject to a penalty. Can i efile my 2012 taxes now The penalty is equal to the tax evaded, not collected, or not accounted for and paid over. Can i efile my 2012 taxes now The term person includes: An officer or employee of a corporation, or A member or employee of a partnership. Can i efile my 2012 taxes now Exception. Can i efile my 2012 taxes now   The penalty is not imposed on any unpaid volunteer director or member of a board of trustees of an exempt organization if the unpaid volunteer serves solely in an honorary capacity, does not participate in the day-to-day or financial operations of the organization, and does not have actual knowledge of the failure on which the penalty is imposed. Can i efile my 2012 taxes now   This exception does not apply if it results in no one being liable for the penalty. Can i efile my 2012 taxes now FICA and FUTA tax exceptions. Can i efile my 2012 taxes now   Payments for services performed by a minister of a church in the exercise of the ministry, or a member of a religious order performing duties required by the order, are generally not subject to FICA or FUTA taxes. Can i efile my 2012 taxes now FUTA tax exception. Can i efile my 2012 taxes now   Payments for services performed by an employee of a religious, charitable, educational, or other organization described in section 501(c)(3) that are generally subject to FICA taxes if the payments are $100 or more for the year, are not subject to FUTA taxes. Can i efile my 2012 taxes now FICA tax exemption election. Can i efile my 2012 taxes now   Churches and qualified church-controlled organizations can elect exemption from employer FICA taxes by filing Form 8274. Can i efile my 2012 taxes now   To elect the exemption, Form 8274 must be filed before the first date on which a quarterly employment tax return would otherwise be due from the electing organization. Can i efile my 2012 taxes now The organization can make the election only if it is opposed for religious reasons to the payment of FICA taxes. Can i efile my 2012 taxes now   The election applies to payments for services of current and future employees other than services performed in an unrelated trade or business. Can i efile my 2012 taxes now Revoking the election. Can i efile my 2012 taxes now   The election can be revoked by the IRS if the organization fails to file Form W-2, Wage and Tax Statement, for 2 years and fails to furnish certain information upon request by the IRS. Can i efile my 2012 taxes now Such revocation will apply retroactively to the beginning of the 2-year period. Can i efile my 2012 taxes now Definitions. Can i efile my 2012 taxes now   For purposes of this election, the term church means a church, a convention or association of churches, or an elementary or secondary school that is controlled, operated, or principally supported by a church or by a convention or association of churches. Can i efile my 2012 taxes now   The term qualified church-controlled organization means any church-controlled section 501(c)(3) tax-exempt organization, other than an organization that both: Offers goods, services, or facilities for sale, other than on an incidental basis, to the general public at other than a nominal charge that is substantially less than the cost of providing such goods, services, or facilities, and Normally receives more than 25% of its support from the sum of governmental sources and receipts from admissions, sales of merchandise, performance of services, or furnishing of facilities, in activities that are not unrelated trades or businesses. Can i efile my 2012 taxes now Effect on employees. Can i efile my 2012 taxes now   If a church or qualified church-controlled organization has made an election, payment for services performed for that church or organization, other than in an unrelated trade or business, will not be subject to FICA taxes. Can i efile my 2012 taxes now However, the employee, unless otherwise exempt, will be subject to self-employment tax on the income. Can i efile my 2012 taxes now The tax applies to income of $108. Can i efile my 2012 taxes now 28 or more for the tax year from that church or organization, and no deductions for trade or business expenses are allowed against this self-employment income. Can i efile my 2012 taxes now   Schedule SE (Form 1040), Self-Employment Tax, should be attached to the employee's income tax return. Can i efile my 2012 taxes now Political Organization Income Tax Return Generally, a political organization is treated as an organization exempt from tax. Can i efile my 2012 taxes now Certain political organizations, however, must file an annual income tax return, Form 1120-POL, U. Can i efile my 2012 taxes now S. Can i efile my 2012 taxes now Income Tax Return for Certain Political Organizations, for any year they have political organization taxable income in excess of the $100 specific deduction allowed under section 527. Can i efile my 2012 taxes now A political organization that has $25,000 ($100,000 for a qualified state or local political organization) or more in gross receipts for the tax year must file Form 990 or Form 990-EZ (and Schedule B of the form), unless excepted. Can i efile my 2012 taxes now See Forms 990 and 990-EZ , earlier. Can i efile my 2012 taxes now Political organization. Can i efile my 2012 taxes now   A political organization is a party, committee, association, fund, or other organization (whether or not incorporated) organized and operated primarily for the purpose of directly or indirectly accepting contributions or making expenditures, or both, for an exempt function. Can i efile my 2012 taxes now Exempt function. Can i efile my 2012 taxes now   An exempt function means influencing or attempting to influence the selection, nomination, election, or appointment of any individual to any federal, state, local public office or office in a political organization, or the election of the Presidential or Vice Presidential electors, whether or not such individual or electors are selected, nominated, elected, or appointed. Can i efile my 2012 taxes now It also includes certain office expenses of a holder of public office or an office in a political organization. Can i efile my 2012 taxes now Certain political organizations are required to notify the IRS that they are section 527 organizations. Can i efile my 2012 taxes now These organizations must use Form 8871. Can i efile my 2012 taxes now Some of these section 527 organizations must use Form 8872 to file periodic reports with the IRS disclosing their contributions and expenditures. Can i efile my 2012 taxes now For a discussion on these forms, see Reporting Requirements for a Political Organization, later. Can i efile my 2012 taxes now Political organization taxable income. Can i efile my 2012 taxes now   Political organization taxable income is the excess of: Gross income for the tax year (excluding exempt function income) minus Deductions directly connected with the earning of gross income. Can i efile my 2012 taxes now To figure taxable income, allow for a $100 specific deduction, but do not allow for the net operating loss deduction, the dividends-received deduction, and other special deductions for corporations. Can i efile my 2012 taxes now Exempt organization not a political organization. Can i efile my 2012 taxes now   An organization exempt under section 501(c) that spends any amount for an exempt function must file Form 1120-POL for any year which it has political taxable income. Can i efile my 2012 taxes now These organizations must include in gross income the lesser of: The total amount of its exempt function expenditures, or The organization's net investment income. Can i efile my 2012 taxes now Separate fund. Can i efile my 2012 taxes now   A section 501(c) organization can set up a separate segregated fund that will be treated as an independent political organization. Can i efile my 2012 taxes now The earnings and expenditures made by the separate fund will not be attributed to the section 501(c) organization. Can i efile my 2012 taxes now Section 501(c)(3) organizations are precluded from, and may suffer loss of exemption for, engaging in any political campaign on behalf of, or in opposition to, any candidate for public office. Can i efile my 2012 taxes now Due date. Can i efile my 2012 taxes now   Form 1120-POL is due by the 15th day of the 3rd month after the end of the tax year. Can i efile my 2012 taxes now Thus, for a calendar year taxpayer, Form 1120-POL is due on March 15 of the following year. Can i efile my 2012 taxes now If any due date falls on a Saturday, Sunday, or legal holiday, the organization can file the return on the next business day. Can i efile my 2012 taxes now    Form 1120-POL is not required of an exempt organization that makes expenditures for political purposes if its gross income does not exceed its directly connected deductions by more than $100 for the tax year. Can i efile my 2012 taxes now Extension of time to file. Can i efile my 2012 taxes now    Use Form 7004 to request an automatic 6-month extension of time to file Form 1120-POL. Can i efile my 2012 taxes now The extension will be granted if you complete Form 7004 properly, make a proper estimate of the tax (if applicable), file Form 1120-POL by the due date, and pay any tax due. Can i efile my 2012 taxes now Failure to file. Can i efile my 2012 taxes now   A political organization that fails to file Form 1120-POL is subject to a penalty equal to 5% of the tax due for each month (or partial month) the return is late up to a maximum of 25% of the tax due, unless the organization shows the failure was due to reasonable cause. Can i efile my 2012 taxes now For more information about filing Form 1120-POL, refer to the instructions accompanying the form. Can i efile my 2012 taxes now Failure to pay on time. Can i efile my 2012 taxes now   An organization that does not pay the tax when due generally may have to pay a penalty of 1/2 of 1% of the unpaid tax for each month or part of a month the tax is not paid, up to a maximum of 25% of the unpaid tax. Can i efile my 2012 taxes now The penalty will not be imposed if the organization can show that the failure to pay on time was due to reasonable cause. Can i efile my 2012 taxes now Reporting Requirements for a Political Organization Certain political organizations are required to notify the IRS that the organization is to be treated as a section 527 political organization. Can i efile my 2012 taxes now The organization is also required to periodically report certain contributions received and expenditures made by the organization. Can i efile my 2012 taxes now To notify the IRS of section 527 treatment, an organization must file Form 8871. Can i efile my 2012 taxes now To report contributions and expenditures, certain tax-exempt political organizations must file Form 8872. Can i efile my 2012 taxes now Form 8871 A political organization must electronically file Form 8871 to notify the IRS that it is to be treated as a section 527 organization. Can i efile my 2012 taxes now However, an organization is not required to file Form 8871 if: It reasonably expects its annual gross receipts to always be less than $25,000. Can i efile my 2012 taxes now It is a political committee required to report under the Federal Election Campaign Act of 1971 (FECA) (2 U. Can i efile my 2012 taxes now S. Can i efile my 2012 taxes now C. Can i efile my 2012 taxes now 431(4)). Can i efile my 2012 taxes now It is a state or local candidate committee. Can i efile my 2012 taxes now It is a state or local committee of a political party. Can i efile my 2012 taxes now It is a section 501(c) organization that has made an “exempt function expenditure. Can i efile my 2012 taxes now ” All other political organizations are required to file Form 8871. Can i efile my 2012 taxes now An organization must provide on Form 8871: Its name and address (including any business address, if different) and its electronic mailing address; Its purpose; The names and addresses of its officers, highly compensated employees, contact person, custodian of records, and members of its board of directors; The name and address of, and relationship to, any related entities (within the meaning of section 168(h)(4)); and Whether it intends to claim an exemption from filing Form 8872, Form 990, or Form 990-EZ. Can i efile my 2012 taxes now Employer identification number. Can i efile my 2012 taxes now   If your organization needs an EIN, you can apply for one: Online—Click on the Employer ID Numbers (EINs) link at www. Can i efile my 2012 taxes now IRS. Can i efile my 2012 taxes now gov/businesses/small. Can i efile my 2012 taxes now By telephone at 1-800-829-4933 from 7:00 a. Can i efile my 2012 taxes now m. Can i efile my 2012 taxes now to 10:00 p. Can i efile my 2012 taxes now m. Can i efile my 2012 taxes now in the organization's local time zone. Can i efile my 2012 taxes now By mailing or faxing Form SS-4. Can i efile my 2012 taxes now   If you previously applied for an EIN and have not yet received it, or you are unsure whether you have an EIN, please call our toll-free customer account services number, 1-877-829-5500, for assistance. Can i efile my 2012 taxes now Due dates. Can i efile my 2012 taxes now   The initial Form 8871 must be filed within 24 hours of the date on which the organization was established. Can i efile my 2012 taxes now If there is a material change, an amended Form 8871 must be filed within 30 days of the material change. Can i efile my 2012 taxes now When the organization terminates its existence, it must file a final Form 8871 within 30 days of termination. Can i efile my 2012 taxes now   If the due date falls on a Saturday, Sunday, or legal holiday, the organization can file on the next business day. Can i efile my 2012 taxes now How to file. Can i efile my 2012 taxes now   An organization must file Form 8871 electronically via the IRS Internet website at www. Can i efile my 2012 taxes now IRS. Can i efile my 2012 taxes now gov/polorgs (Keyword: political orgs). Can i efile my 2012 taxes now Form 8453-X, Political Organization Declaration for Electronic Filing of Notice of Section 527 Status. Can i efile my 2012 taxes now   After electronically submitting Form 8871, the political organization must print, sign, and mail Form 8453-X to the IRS. Can i efile my 2012 taxes now Upon receipt of the Form 8453-X, the IRS will send the organization a username and password that must be used to file an amended or final Form 8871 or to electronically file Form 8872. Can i efile my 2012 taxes now Penalties Failure to file. Can i efile my 2012 taxes now   An organization that is required to file Form 8871, but fails to do so on a timely basis, will not be treated as a tax-exempt section 527 organization for any period before the date Form 8871 is filed. Can i efile my 2012 taxes now Also, the taxable income of the organization for that period will include its exempt function income (including contributions received, membership dues, and political fundraising receipts) minus any deductions directly connected with the production of that income. Can i efile my 2012 taxes now   Failure to file an amended Form 8871 will cause the organization not to be treated as a tax-exempt section 527 organization. Can i efile my 2012 taxes now If an organization is treated as not being a tax-exempt section 527 organization, the taxable income of the organization will be determined by considering any exempt function income and deductions during the period beginning on the date of the material change and ending on the date that the amended Form 8871 is filed. Can i efile my 2012 taxes now    The tax is computed by multiplying the organization's taxable income by the highest corporate tax rate. Can i efile my 2012 taxes now Fraudulent returns. Can i efile my 2012 taxes now   Any individual or corporation that willfully delivers or discloses to the IRS any list, return, account, statement or other document known to be fraudulent or false as to any material matter will be fined not more than $10,000 ($50,000 in the case of a corporation) or imprisoned for not more than 1 year or both. Can i efile my 2012 taxes now Waiver of penalties. Can i efile my 2012 taxes now   The IRS may waive any additional tax assessed on an organization for failure to file Form 8871 if the failure was due to reasonable cause and not willful neglect. Can i efile my 2012 taxes now Additional information. Can i efile my 2012 taxes now   For more information on Form 8871, see the form and its instructions. Can i efile my 2012 taxes now For a discussion on the public inspection requirements for the form, see Public Inspection of Exemption Applications, Annual Returns, and Political Organization Reporting Forms , later. Can i efile my 2012 taxes now Form 8872 Every tax-exempt section 527 political organization that accepts a contribution or makes an expenditure, for an exempt function during the calendar year, must file Form 8872 except: A political organization that is not required to file Form 8871 (discussed earlier). Can i efile my 2012 taxes now A political organization that is subject to tax on its income because it did not file or amend Form 8871. Can i efile my 2012 taxes now A qualified state or local political organization (QSLPO), discussed below. Can i efile my 2012 taxes now All other tax-exempt section 527 organizations that accept contributions or make expenditures for an exempt function are required to file Form 8872. Can i efile my 2012 taxes now Qualified state or local political organization. Can i efile my 2012 taxes now   A state or local political organization may be a QSLPO if: All of its political activities relate solely to state or local public office (or office in a state or local political organization). Can i efile my 2012 taxes now It is subject to a state law that requires it to report (and it does report) to a state agency information about contributions and expenditures that is similar to the information that the organization would otherwise be required to report to the IRS. Can i efile my 2012 taxes now The state agency and the organization make the reports publicly available. Can i efile my 2012 taxes now No federal candidate or office holder: Controls or materially participates in the direction of the organization, Solicits contributions for the organization, or Directs the disbursements of the organization. Can i efile my 2012 taxes now Information required on Form 8872. Can i efile my 2012 taxes now   If an organization pays an individual $500 or more for the calendar year, the organization is required to disclose the individual's name, address, occupation, employer, amount of the expense, the date the expense was paid, and the purpose of the expense on Form 8872. Can i efile my 2012 taxes now   If an organization receives contributions of $200 or more from one contributor for the calendar year, the organization must disclose the donor's name, address, occupation, employer, and the date the contributions were made. Can i efile my 2012 taxes now   For additional information that is required, see Form 8872. Can i efile my 2012 taxes now Due dates. Can i efile my 2012 taxes now   The due dates for filing Form 8872 vary depending on whether the form is due for a reporting period that occurs during a calendar year in which a regularly scheduled election is held, or any other calendar year (a nonelection year). Can i efile my 2012 taxes now   If the due date falls on a Saturday, Sunday, or legal holiday, the organization can file on the next business day. Can i efile my 2012 taxes now Election year filing. Can i efile my 2012 taxes now    In election years, Form 8872 must be filed on either a quarterly or a monthly basis. Can i efile my 2012 taxes now Both a pre-election report and a post-election report are also required to be filed in an election year. Can i efile my 2012 taxes now An election year is any year in which a regularly scheduled general election for federal office is held (an even-numbered year). Can i efile my 2012 taxes now Nonelection year filing. Can i efile my 2012 taxes now    In nonelection years, the form must be filed on a semiannual or monthly basis. Can i efile my 2012 taxes now A complete listing of these filing periods are in the Form 8872 Instructions. Can i efile my 2012 taxes now A nonelection year is any odd-numbered year. Can i efile my 2012 taxes now How to file. Can i efile my 2012 taxes now   Form 8872 can be filed either electronically or by mail. Can i efile my 2012 taxes now However, organizations that have, or expect to have, contributions or expenditures of $50,000 or more for the year must file electronically. Can i efile my 2012 taxes now    To file by mail, send Form 8872 to the:   Department of the Treasury Internal Revenue Service Center Ogden, UT 84201-0027 Electronic filing. Can i efile my 2012 taxes now   File electronically via the IRS internet website at www. Can i efile my 2012 taxes now IRS. Can i efile my 2012 taxes now gov/polorgs. Can i efile my 2012 taxes now You will need a user ID and password to electronically file Form 8872. Can i efile my 2012 taxes now Organizations that have completed the electronic filing of Form 8871 and submitted a completed and signed Form 8453-X will receive a username and password in the mail. Can i efile my 2012 taxes now   Organizations that have completed the electronic filing of Form 8871, but have not received their user ID and password can request one by writing to the following address: Internal Revenue Service Attn: Request for 8872 Password Mail Stop 6273 Ogden, UT 84201 Lost username and password. Can i efile my 2012 taxes now   If you have forgotten or misplaced the username and password issued to your organization after you filed your initial Form 8871, send a letter requesting a new username and password to the address under Electronic filing. Can i efile my 2012 taxes now You can also fax your request to (801) 620-3249. Can i efile my 2012 taxes now It may take 3-6 weeks for your new username and password to arrive, as they will be mailed to the organization. Can i efile my 2012 taxes now Penalty A penalty will be imposed if the organization is required to file Form 8872 and it: Fails to file the form by the due date, or Files the form but fails to report all of the information required or reports incorrect information. Can i efile my 2012 taxes now The penalty is 35% of the total amount of contributions and expenditures to which a failure relates. Can i efile my 2012 taxes now Fraudulent returns. Can i efile my 2012 taxes now   Any individual or corporation that willfully delivers or discloses any list, return, account, statement, or other document known to be fraudulent or false as to any material matter will be fined not more than $10,000 ($50,000 in the case of a corporation), or imprisoned for not more than 1 year, or both. Can i efile my 2012 taxes now Waiver of penalties. Can i efile my 2012 taxes now   The IRS may waive any additional tax assessed on an organization for failure to file Form 8872 if the failure was due to reasonable cause and not willful neglect. Can i efile my 2012 taxes now Donee Information Return Dispositions of donated property. Can i efile my 2012 taxes now   If an organization receives charitable deduction property and within three years sells, exchanges, or otherwise disposes of the property, the organization must file Form 8282, Donee Information Return. Can i efile my 2012 taxes now However, an organization is not required to file Form 8282 if: The property is valued at $500 or less, or The property is consumed or distributed for charitable purposes. Can i efile my 2012 taxes now   Form 8282 must be filed with the IRS within 125 days after the disposition. Can i efile my 2012 taxes now Additionally, a copy of Form 8282 must be given to the donor. Can i efile my 2012 taxes now If the organization fails to file the required information return, penalties may apply. Can i efile my 2012 taxes now Charitable deduction property. Can i efile my 2012 taxes now   This is any property (other than money or publicly traded securities) for which the donee organization signed an appraisal summary or Form 8283, Noncash Charitable Contributions. Can i efile my 2012 taxes now Publicly traded securities. Can i efile my 2012 taxes now   These are securities for which market quotations are readily available on an established securities market as of the date of the contribution. Can i efile my 2012 taxes now Appraisal summary. Can i efile my 2012 taxes now   If the value of the donated property exceeds $5,000, the donor must get a qualified appraisal for contributions of property, see the Exceptions. Can i efile my 2012 taxes now below. Can i efile my 2012 taxes now Exceptions. Can i efile my 2012 taxes now   A written appraisal is not needed if the property is: Nonpublicly traded stock of $10,000 or less, A vehicle (including a car, boat, or airplane), if your deduction for the vehicle is limited to the gross proceeds from its sale, Intellectual property, Certain securities considered to have market quotations readily available (see Regulations section 1. Can i efile my 2012 taxes now 170A-13(c)(7)(xi)(B)), Inventory and other property donated by a corporation that are qualified contributions for the care of the ill, the needy, or infants, within the meaning of section 170(e)(3)(A), or Any donation of stock in trade, inventory, or property held primarily for sale to customers in the ordinary course of your trade or business. Can i efile my 2012 taxes now   The donee organization is not a qualified appraiser for the purpose of valuing the donated property. Can i efile my 2012 taxes now For more information, get Publication 561, Determining the Value of Donated Property. Can i efile my 2012 taxes now Form 8283. Can i efile my 2012 taxes now   For noncash donations over $5,000, the donor must attach Form 8283 to the tax return to support the charitable deduction. Can i efile my 2012 taxes now The donee must sign Part IV of Section B, Form 8283 unless publicly traded securities are donated. Can i efile my 2012 taxes now The person who signs for the donee must be an official authorized to sign the donee's tax or information returns, or a person specifically authorized to sign by that official. Can i efile my 2012 taxes now The signature does not represent concurrence in the appraised value of the contributed property. Can i efile my 2012 taxes now A signed acknowledgment represents receipt of the property described on Form 8283 on the date specified on the form. Can i efile my 2012 taxes now The signature also indicates knowledge of the information reporting requirements on dispositions, as previously discussed. Can i efile my 2012 taxes now A copy of Form 8283 must be given to the donee. Can i efile my 2012 taxes now Information Provided to Donors In some situations, a donor must obtain certain information from a donee organization to obtain a deduction for a charitable contribution. Can i efile my 2012 taxes now In other situations, the donee organization is required to provide information to the donor. Can i efile my 2012 taxes now A charitable organization must give a donor a disclosure statement for a quid pro quo contribution over $75. Can i efile my 2012 taxes now (See Disclosure statement. Can i efile my 2012 taxes now later. Can i efile my 2012 taxes now ) This is a payment a donor makes to a charity partly as a contribution and partly for goods or services. Can i efile my 2012 taxes now See Quid pro quo contribution below for an example. Can i efile my 2012 taxes now Failure to make the required disclosure may result in a penalty to the organization. Can i efile my 2012 taxes now A donor cannot deduct a charitable contribution of $250 or more unless the donor has a written acknowledgment from the charitable organization. Can i efile my 2012 taxes now In certain circumstances, an organization may be able to meet both of these requirements with the same written document. Can i efile my 2012 taxes now Disclosure of Quid Pro Quo Contributions A charitable organization must provide a written disclosure statement to donors of a quid pro quo contribution over $75. Can i efile my 2012 taxes now Quid pro quo contribution. Can i efile my 2012 taxes now   A contribution made by a donor in exchange for goods or services is known as a quid pro quo contribution. Can i efile my 2012 taxes now Your charitable organization must provide the donor a written statement informing the donor of the fair market value of the items or services it provided in exchange for the contribution. Can i efile my 2012 taxes now Generally, a written statement is required for each payment, whenever the contribution portion is over $75. Can i efile my 2012 taxes now Example. Can i efile my 2012 taxes now If a donor gives your charity $100 and receives a concert ticket valued at $40, the donor has made a quid pro quo contribution. Can i efile my 2012 taxes now In this example, the charitable part of the payment is $60. Can i efile my 2012 taxes now Even though the deductible part of the payment is not more than $75, a written statement must be filed because the total payment is more than $75. Can i efile my 2012 taxes now If your organization fails to disclose quid pro quo contributions, the organization may be subject to a penalty. Can i efile my 2012 taxes now Disclosure statement. Can i efile my 2012 taxes now   The required written disclosure statement must: Inform the donor that the amount of the contribution that is deductible for federal income tax purposes is limited to the excess of any money (and the value of any property other than money) contributed by the donor over the fair market value of goods or services provided by the charity, and Provide the donor with a good faith estimate of the fair market value of the goods or services that the donor received. Can i efile my 2012 taxes now The charity must furnish the statement in connection with either the solicitation or the receipt of the quid pro quo contribution. Can i efile my 2012 taxes now If the disclosure statement is furnished in connection with a particular solicitation, it is not necessary for the organization to provide another statement when it actually receives the contribution. Can i efile my 2012 taxes now   No disclosure statement is required if any of the following are true. Can i efile my 2012 taxes now The goods or services given to a donor have insubstantial value as described in Revenue Procedure 90-12, 1990-1 C. Can i efile my 2012 taxes now B. Can i efile my 2012 taxes now 471, Revenue Procedure 90-12, and Revenue Procedure 92-49, 1992-1 C. Can i efile my 2012 taxes now B. Can i efile my 2012 taxes now 507 (as adjusted for inflation), Revenue Procedure 92-49. Can i efile my 2012 taxes now There is no donative element involved in a particular transaction with a charity (for example, there is generally no donative element involved in a visitor's purchase from a museum gift shop). Can i efile my 2012 taxes now There is only an intangible religious benefit provided to the donor. Can i efile my 2012 taxes now The intangible religious benefit must be provided to the donor by an organization organized exclusively for religious purposes, and must be of a type that generally is not sold in a commercial transaction outside the donative context. Can i efile my 2012 taxes now For example, a donor who, for a payment, is granted admission to a religious ceremony for which there is no admission charge is provided an intangible religious benefit. Can i efile my 2012 taxes now A donor is not provided intangible religious benefits for payments made for tuition for education leading to a recognized degree, travel services, or consumer goods. Can i efile my 2012 taxes now The donor makes a payment of $75 or less per year and receives only annual membership benefits that consist of: Any rights or privileges (other than the right to purchase tickets for college athletic events) that the taxpayer can exercise often during the membership period, such as free or discounted admissions or parking or preferred access to goods or services, or Admission to events that are open only to members and the cost per person of which is within the limits for low-cost articles described in Revenue Procedure 90-12 (as adjusted for inflation), Revenue Procedure 90-12. Can i efile my 2012 taxes now Good faith estimate of fair market value (FMV). Can i efile my 2012 taxes now   An organization can use any reasonable method to estimate the FMV of goods or services it provided to a donor, as long as it applies the method in good faith. Can i efile my 2012 taxes now   The organization can estimate the FMV of goods or services that generally are not commercially available by using the FMV of similar or comparable goods or services. Can i efile my 2012 taxes now Goods or services may be similar or comparable even if they do not have the unique qualities of the goods or services being valued. Can i efile my 2012 taxes now Example 1. Can i efile my 2012 taxes now A charity provides a 1-hour tennis lesson with a tennis professional for the first $500 payment it receives. Can i efile my 2012 taxes now The tennis professional provides 1-hour lessons on a commercial basis for $100. Can i efile my 2012 taxes now A good faith estimate of the lesson's FMV is $100. Can i efile my 2012 taxes now Example 2. Can i efile my 2012 taxes now For a payment of $50,000, a museum allows a donor to hold a private event in a room of the museum. Can i efile my 2012 taxes now A good faith estimate of the FMV of the right to hold the event in the museum can be made by using the cost of renting a hotel ballroom with a capacity, amenities, and atmosphere comparable to the museum room, even though the hotel ballroom lacks the unique art displayed in the museum room. Can i efile my 2012 taxes now If the hotel ballroom rents for $2,500, a good faith estimate of the FMV of the right to hold the event in the museum is $2,500. Can i efile my 2012 taxes now Example 3. Can i efile my 2012 taxes now For a payment of $1,000, a charity provides an evening tour of a museum conducted by a well-known artist. Can i efile my 2012 taxes now The artist does not provide tours on a commercial basis. Can i efile my 2012 taxes now Tours of the museum normally are free to the public. Can i efile my 2012 taxes now A good faith estimate of the FMV of the evening museum tour is $0 even though it is conducted by the artist. Can i efile my 2012 taxes now Penalty for failure to disclose. Can i efile my 2012 taxes now   A penalty is imposed on a charity that does not make the required disclosure of a quid pro quo contribution of more than $75. Can i efile my 2012 taxes now The penalty is $10 per contribution, not to exceed $5,000 per fundraising event or mailing. Can i efile my 2012 taxes now The charity can avoid the penalty if it can show that the failure was due to reasonable cause. Can i efile my 2012 taxes now Acknowledgment of Charitable Contributions of $250 or More A donor can deduct a charitable contribution of $250 or more only if the donor has a written acknowledgment from the charitable organization. Can i efile my 2012 taxes now The donor must get the acknowledgment by the earlier of: The date the donor files the original return for the year the contribution is made, or The due date, including extensions, for filing the return. Can i efile my 2012 taxes now The donor is responsible for requesting and obtaining the written acknowledgment from the donee. Can i efile my 2012 taxes now A charitable organization that receives a payment made as a contribution is treated as the donee organization for this purpose even if the organization (according to the donor's instructions or otherwise) distributes the amount received to one or more charities. Can i efile my 2012 taxes now Quid pro quo contribution. Can i efile my 2012 taxes now   If the donee provides goods or services to the donor in exchange for the contribution (a quid pro quo contribution), the acknowledgment must include a good faith estimate of the value of the goods or services. Can i efile my 2012 taxes now See Disclosure of Quid Pro Quo Contributions earlier. Can i efile my 2012 taxes now Form of acknowledgment. Can i efile my 2012 taxes now   Although there is no prescribed format for the written acknowledgment, it must provide enough information to substantiate the amount of the contribution. Can i efile my 2012 taxes now For more information, see IRS Publication 1771, Charitable Contributions – Substantiation and Disclosure Requirements. Can i efile my 2012 taxes now Cash contributions. Can i efile my 2012 taxes now   To deduct a contribution of cash, a check, or other monetary gift (regardless of the amount), a donor must maintain a bank record or a written communication from the donee organization showing the donee's name, date, and amount of the contribution. Can i efile my 2012 taxes now In the case of a lump-sum contribution (rather than a contribution by payroll deduction) made through the Combined Federal Campaign or a similar program such as a United Way Campaign, the written communication must include the name of the donee organization that is the ultimate recipient of the charitable contribution. Can i efile my 2012 taxes now Contributions by payroll deduction. Can i efile my 2012 taxes now   An organization may substantiate an employee's contribution by deduction from its payroll by: A pay stub, Form W-2, or other document showing a contribution to a donee organization, together with A pledge card or other document from the donee organization that shows its name. Can i efile my 2012 taxes now   For contributions of $250 or more, the document must state that the donee organization provides no goods or services for any payroll contributions. Can i efile my 2012 taxes now The amount withheld from each payment of wages to a taxpayer is treated as a separate contribution. Can i efile my 2012 taxes now Acknowledgment of Vehicle Contribution If an exempt organization receives a contribution of a qualified vehicle with a claimed value of more than $500, the donee organization is required to provide a contemporaneous written acknowledgment to the donor. Can i efile my 2012 taxes now The donee organization can use a completed Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes, for the contemporaneous written acknowledgment. Can i efile my 2012 taxes now See section 3. Can i efile my 2012 taxes now 03 of Notice 2005-44 for guidance on the information that must be included in a contemporaneous written acknowledgment and the deadline for furnishing the acknowledgment to the donor. Can i efile my 2012 taxes now Any donee organization that provides a contemporaneous written acknowledgment to a donor is required to report to the IRS the information contained in the acknowledgment. Can i efile my 2012 taxes now The report is due by February 28 (March 31 if filing electronically) of the year following the year in which the donee organization provides the acknowledgment to the donor. Can i efile my 2012 taxes now The organization must file the report on Copy A of Form 1098-C. Can i efile my 2012 taxes now An organization that files Form 1098-C on paper should send it with Form 1096, Annual Summary and Transmittal of U. Can i efile my 2012 taxes now S. Can i efile my 2012 taxes now Information Returns. Can i efile my 2012 taxes now See the Instructions for Form 1096 for the correct filing location. Can i efile my 2012 taxes now An organization that is required to file 250 or more Forms 1098-C during the calendar year must file the forms electronically or magnetically. Can i efile my 2012 taxes now Specifications for filing Form 1098-C electronically or magnetically can be found in Publication 1220, Specifications for Filing Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and W-2G Electronically at www. Can i efile my 2012 taxes now IRS. Can i efile my 2012 taxes now gov/pub/irs-pdf/p1220. Can i efile my 2012 taxes now pdf. Can i efile my 2012 taxes now Acknowledgment For a contribution of a qualified vehicle with a claimed value of $500 or less, do not file Form 1098-C. Can i efile my 2012 taxes now However, you can use it as the contemporaneous written acknowledgment under section 170(f)(8) by providing the donor with Copy C only. Can i efile my 2012 taxes now See the Instructions for Form 1098-C. Can i efile my 2012 taxes now Generally, the organization should complete Form 1098-C as the written acknowledgment to the donor and the IRS. Can i efile my 2012 taxes now The contents of the acknowledgment depend upon whether the organization: Sells a qualified vehicle without any significant intervening use or material improvement, Intends to make a significant intervening use of or material improvement to a qualified vehicle prior to sale, or Sells a qualified vehicle to a needy individual at a price significantly below fair market value, or a gratuitous transfer to a needy individual in direct furtherance of a charitable purpose of the organization of relieving the poor and distressed or the underprivileged who are in need of a means of transportation. Can i efile my 2012 taxes now For more information on the acknowledgment, see Notice 2005-44, 2005-25 I. Can i efile my 2012 taxes now R. Can i efile my 2012 taxes now B. Can i efile my 2012 taxes now 1287, at www. Can i efile my 2012 taxes now irs. Can i efile my 2012 taxes now gov/irb/2005-25_IRB/2005-25_IRB/ar09. Can i efile my 2012 taxes now html. Can i efile my 2012 taxes now Material improvements or significant intervening use. Can i efile my 2012 taxes now   To constitute significant intervening use, the organization must actually use the vehicle to substantially further the organization's regularly conducted activities, and the use must be significant, not incidental. Can i efile my 2012 taxes now Factors in determining whether a use is a significant intervening use depend on the nature, extent, frequency, and duration. Can i efile my 2012 taxes now For this purpose, use includes providing transportation on a regular basis for a significant period of time or significant use directly related to training in vehicle repair. Can i efile my 2012 taxes now Use does not include the use of a vehicle to provide training in business skills, such as marketing or sales. Can i efile my 2012 taxes now Examples of significant use include: Driving a vehicle every day for 1 year to deliver meals to needy individuals, if delivering meals is an activity regularly conducted by the organization. Can i efile my 2012 taxes now Driving a vehicle for 10,000 miles over a 1-year period to deliver meals to needy individuals, if delivering meals is an activity regularly conducted by the organization. Can i efile my 2012 taxes now   Material improvements include major repairs and additions that improve the condition of the vehicle in a manner that significantly increases the value. Can i efile my 2012 taxes now To be a material improvement, the improvement cannot be funded by an additional payment to the organization from the donor of the vehicle. Can i efile my 2012 taxes now Material improvements do not include cleaning, minor repairs, routine maintenance, painting, removal of dents or scratches, cleaning or repair of upholstery, and installation of theft deterrent devices. Can i efile my 2012 taxes now Penalties. Can i efile my 2012 taxes now   If your charitable organization receives contributions of used motor vehicles, boats, and airplanes valued over $500 it may be subject to a penalty if it knowingly: Fails to furnish an acknowledgement in a timely manner, showing the required information, or Furnishes a false or fraudulent acknowledgement of the contribution. Can i efile my 2012 taxes now    Other penalties may apply. Can i efile my 2012 taxes now See Part O in the 2012 General Instructions for Certain Information Returns. Can i efile my 2012 taxes now   An acknowledgment containing a certification will be presumed to be false or fraudulent if the qualified vehicle is sold to a buyer other than a needy individual without a significant intervening use or material improvement within 6 months of the date of the contribution. Can i efile my 2012 taxes now   If a charity sells a donated vehicle at auction, the IRS will not accept as substantiation an acknowledgment from the charity stating that the vehicle is to be transferred to a needy individual for significantly below fair market value. Can i efile my 2012 taxes now Vehicles sold at auction are not sold at prices significantly below fair market value, and the IRS will not treat vehicles sold at auction as qualifying for this exception. Can i efile my 2012 taxes now   The penalty for a false or fraudulent acknowledgment where the donee certifies that the vehicle will not be transferred for money, other property, or services before completion of material improvements or significant intervening use or the donee certifies that the vehicle is to be transferred to a needy individual for significantly below fair market value in furtherance of the donee's charitable purpose is the larger of $5,000 or the claimed value of the vehicle multiplied by 39. Can i efile my 2012 taxes now 6%. Can i efile my 2012 taxes now   The penalty for an acknowledgment relating to a qualified vehicle being sold in an arm's length transaction to an unrelated party is the larger of the gross proceeds from the sale or the sales price stated in the acknowledgment multiplied by 39. Can i efile my 2012 taxes now 6%. Can i efile my 2012 taxes now Qualified Intellectual Property A taxpayer who contributes qualified intellectual property to a charity may be entitled to a charitable deduction, in addition to any initial deduction allowed in the year of contribution. Can i efile my 2012 taxes now The additional deduction is based on a specified percentage of the qualified donee income with respect to the qualified intellectual property. Can i efile my 2012 taxes now To qualify for the additional charitable deduction, the donor must provide notice to the donee at the time of the contribution that the donor intends to treat the contribution as qualified intellectual property contribution for purposes of sections 170(m) and 6050L. Can i efile my 2012 taxes now Every donee organization described in section 170(c) (except a private foundation as defined in section 509(a) that is not described in section 170(b)(1)(F)) that receives or accrues net income from a charitable gift of qualified intellectual property must file Form 8899. Can i efile my 2012 taxes now Form 8899. Can i efile my 2012 taxes now   Form 8899, Notice of Income From Donated Intellectual Property, is used by a donee to report net income from qualified intellectual property to the donor of the property and to the IRS and is due by the last day of the first full month following the close of the donee’s tax year. Can i efile my 2012 taxes now This form must be filed for each tax year of the donee in which the donated property produces net income, but only if all or part of that tax year occurs during the 10-year period beginning on the date of the contribution and that tax year does not begin after the expiration of the legal life of the donated property. Can i efile my 2012 taxes now Qualified donee income. Can i efile my 2012 taxes now   Qualified donee income is any net income received by or accrued to the donee that is properly allocable to the qualified intellectual property for the tax year of the donee which ends within or with the tax year of the donor. Can i efile my 2012 taxes now Income is not treated as allocated to qualified intellectual property if it is received or accrued after the earlier of the expiration of the legal life of the qualified intellectual property, or the 10-year period beginning with the date of
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The Can I Efile My 2012 Taxes Now

Can i efile my 2012 taxes now 28. Can i efile my 2012 taxes now   Deducciones Misceláneas Table of Contents Qué Hay de Nuevo Introduction Useful Items - You may want to see: Deducciones Sujetas al Límite del 2%Gastos del Empleado no Reembolsados (Línea 21) Costos de la Preparación de la Declaración de Impuestos (Línea 22) Otros Gastos (Línea 23) Deducciones no Sujetas al Límite del 2%Lista de Deducciones Gastos no DeduciblesLista de Gastos no Deducibles Qué Hay de Nuevo Tarifa estándar por milla. Can i efile my 2012 taxes now  La tarifa para uso comercial de un vehículo en 2013 es 56½ centavos por milla. Can i efile my 2012 taxes now Introduction Este capítulo explica qué gastos pueden declararse como deducciones detalladas misceláneas en el Anexo A (Formulario 1040). Can i efile my 2012 taxes now Usted tendrá que reducir por el 2% de su ingreso bruto ajustado el total de la mayoría de las deducciones misceláneas detalladas. Can i efile my 2012 taxes now Este capítulo trata los siguientes temas: Deducciones sujetas al límite del 2%. Can i efile my 2012 taxes now Deducciones no sujetas al límite del 2%. Can i efile my 2012 taxes now Gastos que no se pueden deducir. Can i efile my 2012 taxes now Tiene que guardar documentación para verificar sus deducciones. Can i efile my 2012 taxes now Debe guardar sus recibos, cheques cancelados, cheques sustitutivos, estados de cuentas financieras y otros documentos comprobantes. Can i efile my 2012 taxes now Si desea obtener más información sobre el mantenimiento de documentación, obtenga la Publicación 552, Recordkeeping for Individuals (Mantenimiento de documentación para personas físicas), en inglés. Can i efile my 2012 taxes now Useful Items - You may want to see: Publicación 463 Travel, Entertainment, Gift, and Car Expenses (Gastos de viaje, entretenimiento, regalos y automóvil), en inglés 525 Taxable and Nontaxable Income (El ingreso tributable y no tributable), en inglés 529 Miscellaneous Deductions (Deducciones misceláneas), en inglés 535 Business Expenses (Gastos de negocios), en inglés 587 Business Use of Your Home (Including Use by Daycare Providers) (Uso de su domicilio para propósitos comerciales (incluyendo el uso por proveedores de cuidado infantil)), en inglés 946 How To Depreciate Property (Cómo depreciar la propiedad), en inglés Formulario (e Instrucciones) Anexo A (Formulario 1040) Itemized Deductions (Deducciones detalladas), en inglés 2106 Employee Business Expenses (Gastos de negocio del empleado), en inglés 2106-EZ Unreimbursed Employee Business Expenses (Gastos de negocio del empleado no reembolsados), en inglés Deducciones Sujetas al Límite del 2% Usted puede deducir ciertos gastos como deducciones detalladas misceláneas en el Anexo A (Formulario 1040). Can i efile my 2012 taxes now Puede deducir la parte de sus gastos que supere al 2% de su ingreso bruto ajustado. Can i efile my 2012 taxes now Se calcula la deducción en el Anexo A; restando el 2% de sus ingresos brutos ajustados del total de estos gastos. Can i efile my 2012 taxes now Su ingreso bruto ajustado es la cifra escrita en la línea 38 del Formulario 1040. Can i efile my 2012 taxes now Por lo general, se aplica el límite del 2% después de aplicar los demás límites de deducciones. Can i efile my 2012 taxes now Por ejemplo, el límite del 50% (o del 80%) sobre comidas y entretenimiento relacionados con los negocios (explicado en el capítulo 26) se aplica antes de aplicar el límite del 2%. Can i efile my 2012 taxes now Las deducciones sujetas al límite del 2% se explican aquí de acuerdo con las tres categorías en las cuales los declara en el Anexo A (Formulario 1040): Gastos del empleado no reembolsados (línea 21). Can i efile my 2012 taxes now Costos de la preparación de la declaración de impuestos (línea 22). Can i efile my 2012 taxes now Otros gastos (línea 23). Can i efile my 2012 taxes now Gastos del Empleado no Reembolsados (Línea 21) Generalmente, uno puede deducir en la línea 21 del Anexo A (Formulario 1040) los gastos del empleado no reembolsados que: Pague o en los que incurra durante el año tributario, Sean necesarios para llevar a cabo su oficio o negocio como empleado y Sean ordinarios y necesarios. Can i efile my 2012 taxes now Un gasto es “ordinario” si es común y aceptado en su oficio, negocio o profesión. Can i efile my 2012 taxes now Un gasto es necesario si es adecuado y útil para su negocio. Can i efile my 2012 taxes now Un gasto no tiene que ser obligatorio para considerarse necesario. Can i efile my 2012 taxes now A continuación se indican algunos ejemplos de gastos del empleado no reembolsados. Can i efile my 2012 taxes now Después de la lista encontrará otros ejemplos de gastos del empleado no reembolsados. Can i efile my 2012 taxes now Deudas incobrables incurridas por un empleado en la ejecución de su trabajo. Can i efile my 2012 taxes now Educación relacionada con el trabajo. Can i efile my 2012 taxes now (Vea el capítulo 27). Can i efile my 2012 taxes now Honorarios legales relacionados con su trabajo. Can i efile my 2012 taxes now Licencias y tarifas reglamentarias. Can i efile my 2012 taxes now Primas de seguro contra negligencia profesional. Can i efile my 2012 taxes now Exámenes médicos requeridos por un empleador. Can i efile my 2012 taxes now Impuestos sobre una profesión u ocupación. Can i efile my 2012 taxes now Pasaporte para un viaje de negocios. Can i efile my 2012 taxes now Suscripciones a revistas profesionales y de industria relacionadas con su trabajo. Can i efile my 2012 taxes now Viajes, transporte, entretenimiento y regalos relacionados con su trabajo. Can i efile my 2012 taxes now (Vea el capítulo 26). Can i efile my 2012 taxes now Seguro de Responsabilidad Comercial Puede deducir las primas de seguro que pagó para protegerse contra responsabilidad personal por actos ilícitos en el trabajo. Can i efile my 2012 taxes now Daños por Incumplimiento de Contrato de Empleo Si deja de cumplir con un contrato de empleo, puede deducir los daños que pague a su antiguo empleador que sean atribuibles a la paga que había recibido de ese empleador. Can i efile my 2012 taxes now Depreciación de Computadoras Puede declarar una deducción por depreciación de una computadora que usted usa en el trabajo como empleado si su uso: Es para conveniencia de su empleador y Se requiere como una condición de su empleo. Can i efile my 2012 taxes now Para obtener información acerca de las reglas y excepciones a las reglas que afectan las deducciones permitidas por una computadora en su casa, vea la Publicación 529, en inglés. Can i efile my 2012 taxes now Cuotas a Cámaras de Comercio y Asociaciones Profesionales Es posible que pueda deducir cuotas pagadas a organizaciones profesionales (como asociaciones de abogados y asociaciones médicas) y a cámaras de comercio y organizaciones parecidas, si la afiliación le ayuda a realizar los deberes de su trabajo. Can i efile my 2012 taxes now Estas organizaciones incluyen: Juntas comerciales, Asociaciones comerciales, Organizaciones cívicas o de servicios públicos, Juntas de bienes raíces y Asociaciones profesionales. Can i efile my 2012 taxes now Actividades políticas y de cabildeo. Can i efile my 2012 taxes now   Quizás no pueda deducir la parte de sus cuotas destinada a ciertas actividades políticas y de cabildeo. Can i efile my 2012 taxes now Vea Cuotas usadas para cabildeo bajo Gastos no Deducibles, más adelante. Can i efile my 2012 taxes now Gastos del Educador Si en el año 2013 usted era un educador que reunía los requisitos, usted puede deducir hasta $250 de gastos calificados que usted pagó en el año 2013 como ajuste a los ingresos brutos, en la línea 23 del Formulario 1040, en vez de una deducción detallada miscelánea. Can i efile my 2012 taxes now Si presenta el Formluario 1040A, usted podría deducir estos gastos en la línea 16. Can i efile my 2012 taxes now Si usted y su cónyuge están presentando una declaración conjunta y ambos fueron educadores calificados, la deducción máxima es $500. Can i efile my 2012 taxes now No obstante, ninguno puede deducir más de $250 como gastos calificados. Can i efile my 2012 taxes now Oficina en el Domicilio Si de manera habitual, usted usa una parte de su domicilio exclusivamente para propósitos comerciales, tal vez pueda deducir una parte de los gastos de operación y depreciación de su domicilio. Can i efile my 2012 taxes now Puede reclamar esta deducción por el uso comercial de una parte de su domicilio sólo si utiliza esa parte habitual y exclusivamente: Como el lugar principal de negocios para algún oficio o negocio, Como lugar para reunirse o recibir a sus pacientes o clientes en el transcurso normal de su oficio o negocio o En el caso de un edificio separado no conectado a su domicilio, si lo usa para fines de su oficio o negocio. Can i efile my 2012 taxes now Dicho uso comercial, habitual y exclusivo tiene que ser para conveniencia de su empleador y no sólo adecuado y útil para su propio trabajo. Can i efile my 2012 taxes now Vea la Publicación 587, en inglés, para obtener información más detallada y una hoja de trabajo. Can i efile my 2012 taxes now Gastos Relacionados con la Búsqueda de Empleo Puede deducir determinados gastos que tenga al buscar un nuevo trabajo en su profesión actual, incluso si no lo consigue. Can i efile my 2012 taxes now Pero no puede deducir estos gastos si: Busca trabajo en una nueva profesión, Hubo una pausa considerable entre el término de su último trabajo y la búsqueda de un trabajo nuevo o Busca trabajo por primera vez. Can i efile my 2012 taxes now Cuotas de agencias de colocación y empleo. Can i efile my 2012 taxes now   Puede deducir cuotas que pague a agencias de colocación y empleo que usa como parte de su búsqueda de trabajo en su profesión actual. Can i efile my 2012 taxes now Si el empleador le devuelve dinero. Can i efile my 2012 taxes now   Si, en un año posterior, su empleador le devuelve el dinero de las cuotas de agencias de empleo, usted tiene que incluir la cantidad que reciba en sus ingresos brutos hasta que llegue al total del beneficio tributario que recibió en el año anterior. Can i efile my 2012 taxes now (Vea Recuperaciones de Fondos en el capítulo 12). Can i efile my 2012 taxes now Si el empleador le paga a la agencia de empleo. Can i efile my 2012 taxes now   Si su empleador paga las cuotas directamente a la agencia de empleo y usted no es responsable de pagarlas, no puede incluirlas en sus ingresos brutos. Can i efile my 2012 taxes now Currículum vitae. Can i efile my 2012 taxes now   Puede deducir lo que gaste para preparar o enviar por correo copias de un currículum vitae a posibles empleadores siempre que busca un trabajo nuevo en su profesión actual. Can i efile my 2012 taxes now Gastos de viaje y transporte. Can i efile my 2012 taxes now   Si viaja a algún lugar y durante su estadía busca un trabajo nuevo en su profesión actual, tal vez pueda deducir los gastos de viaje de ida y vuelta al lugar. Can i efile my 2012 taxes now Puede deducir los gastos de viaje si el viaje se realizó principalmente para buscar un trabajo nuevo. Can i efile my 2012 taxes now Es importante saber qué parte del tiempo dedique a actividades personales y qué parte del tiempo dedique a buscar trabajo para determinar si el viaje se hizo principalmente por motivos personales o para buscar un trabajo nuevo. Can i efile my 2012 taxes now   Incluso si no puede deducir los gastos de viaje de ida y vuelta al lugar, puede deducir los gastos de buscar trabajo nuevo en su profesión actual que incurra mientras se encuentra en dicho lugar. Can i efile my 2012 taxes now   Puede optar por utilizar la tarifa estándar por milla para calcular los gastos de automóvil. Can i efile my 2012 taxes now La tarifa correspondiente al año 2013 para uso comercial de un vehículo es 56½ centavos por milla. Can i efile my 2012 taxes now Vea el capítulo 26 para más información. Can i efile my 2012 taxes now Licencias y Tarifas Reglamentarias Puede deducir la cantidad que pague cada año a gobiernos estatales o locales por licencias y tarifas reglamentarias para su oficio, negocio o profesión. Can i efile my 2012 taxes now Impuestos Incidentales al Trabajo Puede deducir un impuesto incidental al trabajo que una localidad le cobre a una tarifa fija por el privilegio de trabajar o realizar un negocio dentro de dicha localidad. Can i efile my 2012 taxes now Si usted es empleado, puede reclamar impuestos incidentales al trabajo sólo como deducción miscelánea sujeta al límite del 2%; no puede reclamarlos como una deducción en otro lugar de su declaración. Can i efile my 2012 taxes now Reintegro de un Pago de Asistencia Un “pago de asistencia” es aquel pago que se recibe de acuerdo con un plan del empleador para ayudar a los empleados que pierden su empleo debido a la falta de trabajo. Can i efile my 2012 taxes now Si usted reintegra un pago de asistencia de suma global que recibió y había incluido en sus ingresos en un año anterior, puede deducir dicho reintegro. Can i efile my 2012 taxes now Gastos de Investigación de un Profesor Universitario Si es profesor universitario, puede deducir los gastos de investigación, incluidos gastos de viaje y gastos en los que incurra por enseñar, dar conferencias o escribir y publicar temas relacionados directamente con su labor de enseñanza. Can i efile my 2012 taxes now Tiene que haber comenzado la investigación como parte de los deberes de enseñanza que se esperan de un profesor y sin expectativas lucrativas además del sueldo. Can i efile my 2012 taxes now No obstante, no puede deducir los costos de viajes como una forma de educación. Can i efile my 2012 taxes now Herramientas Utilizadas en su Trabajo Por lo general, puede deducir los gastos por herramientas que usa en su trabajo si éstas se desgastan y se deshace de ellas dentro de 1 año después de la fecha de compra. Can i efile my 2012 taxes now Puede depreciar el costo de las herramientas cuya vida sea mayor del año tributario. Can i efile my 2012 taxes now Para obtener más información acerca de la depreciación, vea la Publicación 946, en inglés. Can i efile my 2012 taxes now Cuotas y Gastos de Afiliación a un Sindicato Puede deducir cuotas y tarifas iniciales que pague para afiliarse a un sindicato. Can i efile my 2012 taxes now También puede deducir contribuciones destinadas a los beneficios para miembros del sindicato desempleados. Can i efile my 2012 taxes now No obstante, no puede deducir la parte de las contribuciones o aportaciones destinadas a los fondos para el pago de beneficios por enfermedad, accidente o fallecimiento. Can i efile my 2012 taxes now Asimismo, no puede deducir aportaciones a un fondo de pensiones, incluso si el sindicato le exige que realice las aportaciones. Can i efile my 2012 taxes now Tal vez no pueda deducir las cantidades que pague al sindicato si éstas están relacionadas con determinadas actividades políticas o de cabildeo. Can i efile my 2012 taxes now Vea Gastos de Cabildeo bajo Gastos no Deducibles, más adelante. Can i efile my 2012 taxes now Ropa de Trabajo y Uniformes Puede deducir el costo y mantenimiento de la ropa de trabajo si se cumplen los dos requisitos siguientes: Está obligado a usarlas como condición de empleo. Can i efile my 2012 taxes now La ropa no es adecuada para uso cotidiano. Can i efile my 2012 taxes now No es suficiente usar ropa distintiva. Can i efile my 2012 taxes now Su empleador tiene que requerir específicamente esa ropa. Can i efile my 2012 taxes now Tampoco es suficiente que, de hecho, no use su ropa de trabajo en otro lugar. Can i efile my 2012 taxes now La ropa no puede servir para reemplazar su ropa habitual. Can i efile my 2012 taxes now Algunos ejemplos de trabajadores que tal vez puedan deducir el costo y mantenimiento de la ropa de trabajo son: personas que realicen entregas, bomberos, proveedores de servicios de la salud, agentes encargados de mantener el orden público, carteros, atletas profesionales y trabajadores del transporte (aéreo, ferroviario, terrestre, etc. Can i efile my 2012 taxes now ). Can i efile my 2012 taxes now Los músicos y artistas pueden deducir el costo de la ropa y los accesorios de teatro si no son adecuados para su uso cotidiano. Can i efile my 2012 taxes now Sin embargo, la ropa de trabajo que conste de un gorro blanco, camisa blanca o chaqueta blanca, overol (de pintor) blanco y zapatos de trabajo estándar, como la que debe usar un pintor en su trabajo por exigencia de su sindicato, no es distintiva en cuanto a carácter ni a la naturaleza del uniforme. Can i efile my 2012 taxes now Igualmente, los costos de compra y mantenimiento de ropa de trabajo azul usada por un soldador a solicitud de un capataz no son deducibles. Can i efile my 2012 taxes now Ropa de protección. Can i efile my 2012 taxes now   Puede deducir el costo de la ropa de protección obligatoria en su trabajo, como zapatos o botas de seguridad, anteojos de seguridad, cascos y guantes de trabajo. Can i efile my 2012 taxes now   Algunos ejemplos de trabajadores a los que quizás se les exija usar artículos de seguridad son: carpinteros, trabajadores del cemento, trabajadores de productos químicos, electricistas, tripulación de barcos de pesca, maquinistas, trabajadores de campos petrolíferos, fontaneros, técnicos en tuberías y conductores de camiones. Can i efile my 2012 taxes now Uniformes militares. Can i efile my 2012 taxes now   Generalmente, no puede deducir el costo de uniformes si está en servicio activo a tiempo completo en las Fuerzas Armadas. Can i efile my 2012 taxes now Sin embargo, si es miembro en reserva de las Fuerzas Armadas, puede deducir el costo no reembolsado de su uniforme si los reglamentos militares exigen que su uso se limite a cuando esté en servicio como miembro en reserva. Can i efile my 2012 taxes now Al calcular la deducción, tiene que deducir del costo la asignación no gravable que reciba por estos gastos. Can i efile my 2012 taxes now   Si las reglas militares locales no le permiten que use uniformes de faena cuando no esté de servicio, puede deducir la cantidad por la cual el costo de compra y mantenimiento de estos uniformes sea superior a la asignación por uniforme que reciba. Can i efile my 2012 taxes now   Puede deducir el costo de sus uniformes si es miembro del personal o profesorado civil de una escuela militar. Can i efile my 2012 taxes now Costos de la Preparación de la Declaración de Impuestos (Línea 22) Generalmente, puede deducir los costos de la preparación de la declaración de impuestos en el año en el que los paga. Can i efile my 2012 taxes now De este modo, en la declaración de impuestos de 2013, puede deducir los costos pagados en el año 2013 por la preparación de la declaración del año 2012. Can i efile my 2012 taxes now Estos costos incluyen el costo de los programas de software de preparación de impuestos y publicaciones tributarias. Can i efile my 2012 taxes now También incluyen todo costo que haya pagado por la presentación electrónica de su declaración. Can i efile my 2012 taxes now Otros Gastos (Línea 23) Puede deducir otros gastos determinados como deducciones detalladas misceláneas sujetas al límite del 2%. Can i efile my 2012 taxes now En la línea 23 del Anexo A (Formulario 1040), puede deducir gastos que paga para: Generar o cobrar ingresos que se tienen que incluir en sus ingresos brutos, Administrar, conservar o mantener en buen estado propiedad cuya finalidad es generar un ingreso de estas características o Determinar, impugnar, pagar o solicitar un reembolso de algún impuesto. Can i efile my 2012 taxes now Puede deducir gastos que pague para los fines indicados en las secciones (1) y (2) anteriores sólo si están razonable y estrechamente relacionados con estos fines. Can i efile my 2012 taxes now Algunos de estos gastos se explican más adelante. Can i efile my 2012 taxes now Si los gastos que pague generan ingresos que sólo sean parcialmente tributables, vea Gastos de Ingresos Exentos de Impuestos más adelante, bajo Gastos no Deducibles. Can i efile my 2012 taxes now Cargos de Tasación Puede deducir cargos de tasación si los paga para calcular una pérdida por hecho fortuito o el valor justo de mercado de una propiedad donada. Can i efile my 2012 taxes now Pérdidas por Hecho Fortuito y Robo Puede deducir una pérdida por hecho fortuito o robo como una deducción detallada miscelánea sujeta al límite del 2% si utilizaba la propiedad dañada o robada para realizar servicios como empleado. Can i efile my 2012 taxes now Primero declare la pérdida en la Sección B del Formulario 4684, Casualties and Thefts (Hechos fortuitos y robos), en inglés. Can i efile my 2012 taxes now Es posible que también tenga que incluir la pérdida en el Formulario 4797, Sales of Business Property (Ventas de propiedades de negocios), también en inglés, si es que está obligado por otras razones a presentar ese formulario. Can i efile my 2012 taxes now Para calcular su deducción, sume todas las pérdidas por hecho fortuito o robo de este tipo de propiedad que se incluyan en las líneas 32 y 38b del Formulario 4684, o la línea 18a del Formulario 4797, ambos en inglés. Can i efile my 2012 taxes now Para información sobre otras pérdidas por hecho fortuito o robo, vea el capítulo 25. Can i efile my 2012 taxes now Apoyo Administrativo y Alquiler de Oficina Puede deducir gastos de oficina, (por ejemplo apoyo administrativo y alquiler), que usted incurre con respecto a sus inversiones y al cobro de los ingresos tributables generados por las mismas. Can i efile my 2012 taxes now Cargos de Tramitación por el Uso de una Tarjeta de Crédito o Débito Puede deducir el cargo administrativo que le cobra el tramitador de la tarjeta de crédito por efectuar un pago del impuesto sobre los ingresos (inclusive pagos del impuesto estimado) con tarjeta de crédito o débito. Can i efile my 2012 taxes now Dichos cargos son deducibles en el año en que se paguen. Can i efile my 2012 taxes now Depreciación de Computadora de Uso Doméstico Puede deducir la depreciación de su computadora de uso doméstico si la utiliza para generar ingresos (por ejemplo, para administrar sus inversiones que generen ingresos tributables). Can i efile my 2012 taxes now Por lo general, tiene que depreciar la computadora según el método uniforme durante el período de recuperación del Sistema Alternativo de Depreciación (ADS, por sus siglas en inglés). Can i efile my 2012 taxes now Si trabaja como empleado y también utiliza la computadora en ese trabajo, vea la Publicación 946, en inglés. Can i efile my 2012 taxes now Deducciones que le Sobran de un Caudal Hereditario Si las deducciones totales de un caudal hereditario en su año tributario anterior son superiores a su ingreso bruto de ese año, los beneficiarios que heredan la propiedad pueden deducir la cantidad que le sobró en exceso. Can i efile my 2012 taxes now No incluya las deducciones por la exención personal del caudal hereditario y las donaciones con fines benéficos al calcular las deducciones totales del caudal hereditario. Can i efile my 2012 taxes now Los beneficiarios pueden reclamar la deducción sólo para el año tributario en el que, o con el que, termina el caudal hereditario, sea el año final un año normal o un año tributario corto. Can i efile my 2012 taxes now Para obtener más información, vea Termination of Estate (Terminación de un caudal hereditario) en la Publicación 559, Survivors, Executors, and Administrators (Sobrevivientes, albaceas y administradores), en inglés. Can i efile my 2012 taxes now Cargos del Cobro de Intereses y Dividendos Puede deducir cargos que paga a un agente de bolsa, banco, fideicomisario o agente parecido por el cobro de los intereses de los bonos o dividendos de acciones tributables. Can i efile my 2012 taxes now Sin embargo, no puede deducir un cargo que pague a un agente de bolsa para comprar bienes de inversión, como acciones o bonos. Can i efile my 2012 taxes now Tiene que agregar el cargo al costo de los bienes. Can i efile my 2012 taxes now No puede deducir el cargo que pague a un agente de bolsa para vender valores. Can i efile my 2012 taxes now Puede usar el cargo sólo para calcular las pérdidas o ganancias de la venta. Can i efile my 2012 taxes now Vea las Instrucciones del Formulario 8949, para obtener información sobre cómo declarar el cargo. Can i efile my 2012 taxes now Gastos Relacionados con un Pasatiempo Por lo general, puede deducir gastos relacionados con un pasatiempo, pero sólo hasta la cantidad del ingreso generado por el mismo. Can i efile my 2012 taxes now Un pasatiempo no es un negocio porque no se realiza para obtener un beneficio económico. Can i efile my 2012 taxes now Consulte Actividad sin fines de lucro en el capítulo 12 bajo Otros Ingresos. Can i efile my 2012 taxes now Deducciones Indirectas de Entidades que Traspasan los Atributos Tributarios Las entidades que traspasan los atributos tributarios incluyen sociedades colectivas, sociedades anónimas de tipo S y fondos mutuos que no se ofrecen al público. Can i efile my 2012 taxes now Las deducciones de dichas entidades se traspasan a los socios o accionistas. Can i efile my 2012 taxes now Los socios o accionistas pueden deducir su parte de las deducciones traspasadas para gastos de inversión como deducciones detalladas misceláneas sujetas al límite del 2%. Can i efile my 2012 taxes now Ejemplo. Can i efile my 2012 taxes now Usted es miembro de un club de inversiones formado exclusivamente para invertir en valores. Can i efile my 2012 taxes now El club se considera una sociedad colectiva. Can i efile my 2012 taxes now Los ingresos de la sociedad colectiva provienen exclusivamente de dividendos, intereses y ganancias tributables procedentes de la venta de valores. Can i efile my 2012 taxes now En este caso, usted puede deducir su parte de los gastos de operación de la sociedad colectiva como deducciones detalladas misceláneas sujetas al límite del 2%. Can i efile my 2012 taxes now No obstante, si el club de inversiones tiene inversiones que generan ingresos no tributables también, no puede deducir su parte de los gastos que generan ingresos no tributables. Can i efile my 2012 taxes now Fondos mutuos de oferta pública. Can i efile my 2012 taxes now   Los fondos mutuos de oferta pública no traspasan deducciones por gastos de inversión a los accionistas. Can i efile my 2012 taxes now Un fondo mutuo es “de oferta pública” si: Se comercializa continuamente en virtud de una oferta pública, Se cotiza habitualmente en un mercado bursátil de valores establecido o Están bajo la propiedad de al menos 500 personas en todo momento durante el año tributario. Can i efile my 2012 taxes now   El fondo mutuo de oferta pública le enviará un Formulario 1099-DIV, Dividends and Distributions (Dividendos y distribuciones), en inglés, o un formulario sustitutivo, que indique la cantidad neta del ingreso de dividendos (dividendos brutos menos gastos de inversión). Can i efile my 2012 taxes now Esta cifra neta es la cantidad que declara como ingresos. Can i efile my 2012 taxes now Usted no puede también deducir los gastos de inversión incurridos por fondos mutuos de oferta pública porque ya se incluyen como parte de la cantidad neta del ingreso de dividendos. Can i efile my 2012 taxes now Declaraciones informativas. Can i efile my 2012 taxes now   Las entidades que traspasan los atributos tributarios deben enviarle declaraciones informativas. Can i efile my 2012 taxes now Sociedades colectivas y de tipo S. Can i efile my 2012 taxes now   Estas entidades generan el Anexo K-1, el cual indica los conceptos y las cantidades que tiene que declarar y también identifica los anexos y las líneas de la declaración de impuestos que se deben usar. Can i efile my 2012 taxes now Fondos mutuos que no son de oferta pública. Can i efile my 2012 taxes now   Estos fondos le enviarán un Formulario 1099-DIV, Dividends and Distributions (Dividendos y distribuciones), o un formulario sustitutivo, el cual indicará su parte de los ingresos brutos y los gastos de inversión. Can i efile my 2012 taxes now Puede declarar los gastos sólo como una deducción detallada miscelánea sujeta al límite del 2%. Can i efile my 2012 taxes now Cargos y Gastos Relacionados con la Inversión Puede deducir cargos relacionados con la inversión, custodia, administración de fideicomiso y otros gastos que pague por la administración de inversiones que generen ingresos tributables. Can i efile my 2012 taxes now Gastos Legales Por lo general, puede deducir gastos legales en los que incurra al intentar generar o cobrar ingresos tributables o que pague en conexión con la determinación, cobro o reembolso de un impuesto. Can i efile my 2012 taxes now También puede deducir gastos legales que: Estén relacionados con la realización o conservación de su trabajo, como los que pague para defenderse contra acusaciones penales que se levanten por las acciones de su oficio o negocio, Sean para asesoría tributaria relacionada con un divorcio, si la factura indica cuánto corresponde a la asesoría tributaria y se determina de una forma razonable o Sean para cobrar una pensión tributable para el cónyuge divorciado. Can i efile my 2012 taxes now Puede deducir los gastos que incurrió para resolver problemas tributarios relacionados con las pérdidas o ganancias de un negocio (Anexo C o C-EZ), alquileres o regalías (Anexo E) o gastos e ingresos agrícolas (Anexo F) en el anexo apropiado, todos en inglés. Can i efile my 2012 taxes now Debe deducir los gastos que incurrió para resolver problemas tributarios no comerciales en el Anexo A (Formulario 1040). Can i efile my 2012 taxes now Vea Costos de la Preparación de la Declaración de Impuestos , anteriormente. Can i efile my 2012 taxes now Pérdidas de Depósitos Para obtener información acerca de si puede deducir la pérdida de un depósito que usted hizo en una institución financiera que reúna los requisitos y cómo declarar la deducción si tiene derecho a ella, vea Pérdidas de Depósitos en el capítulo 25. Can i efile my 2012 taxes now Reintegros de Ingresos Si tuvo que reintegrar una cantidad que incluyó como ingresos en un año anterior, es posible que pueda deducir dicha cantidad reintegrada. Can i efile my 2012 taxes now Si la cantidad que tuvo que reintegrar era ingreso ordinario de $3,000 o menos, la deducción está sujeta al límite del 2%. Can i efile my 2012 taxes now Si fue más de $3,000, vea Reintegros por la Reclamación de un Derecho bajo Deducciones no Sujetas al Límite del 2%, más adelante. Can i efile my 2012 taxes now Reintegros de Beneficios del Seguro Social Para obtener información acerca de cómo deducir los reintegros de ciertos beneficios del Seguro Social, vea Reintegros Superiores a los Beneficios Brutos en el capítulo 11. Can i efile my 2012 taxes now Alquiler de Caja de Seguridad Puede deducir el alquiler de una caja de seguridad si la utiliza para almacenar bonos y acciones que generen ingresos tributables o documentos y papeles relacionados con inversiones. Can i efile my 2012 taxes now No puede deducir el alquiler si sólo utiliza la caja para guardar joyas, otras pertenencias personales o valores exentos de impuestos. Can i efile my 2012 taxes now Cargos Administrativos de los Planes de Reinversión de Dividendos Puede deducir los cargos administrativos que pague como abonado a un plan de reinversión de dividendos. Can i efile my 2012 taxes now Estos cargos administrativos incluyen pagos por: Poseer acciones adquiridas mediante un plan, Cobrar y reinvertir dividendos en efectivo, y Mantener documentación personal y proporcionar estados de cuenta detallados. Can i efile my 2012 taxes now Honorarios por Administración de un Fideicomiso de Arreglos IRA Los honorarios de administración de un fideicomiso que se facturen por separado y que usted pague en relación con un arreglo de ahorros para la jubilación (IRA, por sus siglas en inglés) son deducibles (si son ordinarios y necesarios) como deducción detallada miscelánea sujeta al límite del 2%. Can i efile my 2012 taxes now Para obtener más información acerca de los arreglos IRA, vea el capítulo 17. Can i efile my 2012 taxes now Deducciones no Sujetas al Límite del 2% Puede deducir los artículos indicados a continuación como deducciones detalladas misceláneas. Can i efile my 2012 taxes now No están sujetas al límite del 2%. Can i efile my 2012 taxes now Declare estos artículos en la línea 28 del Anexo A del Formulario 1040. Can i efile my 2012 taxes now Lista de Deducciones Se explica cada uno de los siguientes artículos en detalle después de la lista (excepto cuando se indica al contrario). Can i efile my 2012 taxes now Prima amortizable de bonos tributables. Can i efile my 2012 taxes now Pérdidas por hecho fortuito y robo de una propiedad que genera ingresos. Can i efile my 2012 taxes now Impuesto federal sobre la herencia atribuible a los ingresos de un difunto. Can i efile my 2012 taxes now Pérdidas de apuestas y juegos de azar hasta la cantidad de sus ganancias del juego. Can i efile my 2012 taxes now Gastos del trabajo relacionados con los impedimentos de personas con incapacidades. Can i efile my 2012 taxes now Pérdida por otras actividades anotadas en el recuadro 2 del Anexo K-1 del Formulario 1065-B. Can i efile my 2012 taxes now Pérdidas por estafas de inversiones engañosas tipo Ponzi. Can i efile my 2012 taxes now Vea, Pérdidas proveneintes de estafas de inversiones del tipo Ponzi (Ponzi schemes) , en el capítulo 25. Can i efile my 2012 taxes now Reintegros de más de $3,000 por la reclamación de un derecho. Can i efile my 2012 taxes now Inversión no recuperada en una anualidad. Can i efile my 2012 taxes now Prima Amortizable de Bonos Tributables En general, si la cantidad que paga por un bono es superior a la cantidad de capital estipulado, el excedente corresponde a la prima de los bonos. Can i efile my 2012 taxes now Puede optar por amortizar la prima de bonos tributables. Can i efile my 2012 taxes now Por lo general, la amortización de la prima compensa los ingresos de intereses sobre el bono en lugar de ser una deducción diferente. Can i efile my 2012 taxes now Parte de la prima de algunos bonos puede ser una deducción miscelánea no sujeta al límite del 2%. Can i efile my 2012 taxes now Para obtener más información, vea Amortizable Premium on Taxable Bonds (Prima amortizable de bonos tributables) en la Publicación 529 y Bond Premium Amortization (Amortización de prima de bono) en el capítulo 3 de la Publicación 550, Investment Income and Expenses (Gastos e ingresos de inversión), ambas en inglés. Can i efile my 2012 taxes now Pérdidas por Hecho Fortuito y Robo de Propiedad que Genera Ingresos Puede deducir una pérdida por hecho fortuito o robo como deducción detallada miscelánea no sujeta al límite del 2% si la propiedad dañada o robada era una propiedad que generaba ingresos (propiedad que se tiene con fines de inversión, tal como acciones, pagarés, bonos, oro, plata, terrenos sin construir y obras de arte). Can i efile my 2012 taxes now Primero, declare la pérdida en la Sección B del Formulario 4684. Can i efile my 2012 taxes now Asimismo, es posible que tenga que incluir la pérdida en el Formulario 4797, Sales of Business Property (Ventas de bienes comerciales), en inglés, si por algún otro motivo está obligado a presentar ese formulario. Can i efile my 2012 taxes now Para calcular su deducción, sume todas las pérdidas por hecho fortuito o robo de este tipo de propiedad que se incluyan en las líneas 32 y 38b del Formulario 4684, o la línea 18a del Formulario 4797. Can i efile my 2012 taxes now Para obtener más información acerca de las pérdidas por hecho fortuito y robo, consulte el capítulo 25. Can i efile my 2012 taxes now Impuesto Federal sobre la Herencia Atribuible a los Ingresos de un Difunto Puede deducir el impuesto federal sobre la herencia atribuible a los ingresos de un difunto que usted, como beneficiario, incluye en sus ingresos brutos. Can i efile my 2012 taxes now Los ingresos de un difunto son ingresos brutos que habría recibido éste si no hubiese fallecido y que no se podían incluir debidamente en la última declaración de impuestos del difunto. Can i efile my 2012 taxes now Vea la Publicación 559, en inglés, para obtener más información. Can i efile my 2012 taxes now Pérdidas de Apuestas y Juegos de Azar hasta la Cantidad de sus Ganancias de Juego Tiene que declarar la cantidad total de sus ganancias de apuestas y juegos de azar que tuvo en el año en la línea 21 del Formulario 1040. Can i efile my 2012 taxes now Debe deducir sus pérdidas de juego que tuvo en el año en la línea 28 del Anexo A del Formulario 1040. Can i efile my 2012 taxes now No puede deducir las pérdidas de apuestas y juegos de azar que sean superiores a las ganancias. Can i efile my 2012 taxes now No puede reducir las ganancias de apuestas y juegos de azar por las pérdidas de juego y declarar la diferencia. Can i efile my 2012 taxes now Tiene que declarar la cantidad total de las ganancias como ingresos, y las pérdidas (hasta la cantidad de su ganancias), como deducción detallada. Can i efile my 2012 taxes now Por consiguiente, su documentación debe mostrar las ganancias por separado de las pérdidas. Can i efile my 2012 taxes now Diario de ganancias y pérdidas. Can i efile my 2012 taxes now Tiene que mantener un diario exacto o registro parecido de sus ganancias y pérdidas provenientes de apuestas y juegos de azar. Can i efile my 2012 taxes now Su diario debe contener, como mínimo, la siguiente información: La fecha y el tipo de apuesta específica o actividad de apuestas. Can i efile my 2012 taxes now El nombre y la dirección o ubicación del establecimiento de apuestas. Can i efile my 2012 taxes now Los nombres de otras personas que lo acompañan en el establecimiento de apuestas. Can i efile my 2012 taxes now La (o las) cantidad(es) que ganó o perdió. Can i efile my 2012 taxes now Vea la Publicación 529, en inglés, para información adicional. Can i efile my 2012 taxes now Gastos de Trabajo Relacionados con un Impedimento Si tiene una incapacidad física o mental que limite su capacidad para trabajar o limite sustancialmente una o más de las actividades principales de la vida (como realizar tareas manuales, caminar, hablar, respirar, aprender y trabajar), puede deducir sus gastos de trabajo relacionados con dicho impedimento. Can i efile my 2012 taxes now Los gastos de trabajo relacionados con un impedimento son gastos ordinarios y necesarios del negocio incurridos por servicios de un asistente en su lugar de trabajo y por otros gastos relacionados con su lugar de trabajo que sean necesarios para que pueda trabajar. Can i efile my 2012 taxes now Personas que trabajan por cuenta propia. Can i efile my 2012 taxes now   Si trabaja por cuenta propia, anote los gastos de trabajo relacionados con su incapacidad en el formulario correspondiente (Anexo C, C-EZ, E o F) que utilice para declarar los ingresos y gastos de negocio. Can i efile my 2012 taxes now Pérdida por Otras Actividades Anotadas en el Recuadro 2 del Anexo K-1 del Formulario 1065-B Si la cantidad declarada en el recuadro 2 del Anexo K-1 del Formulario 1065-B es una pérdida, declárela en la línea 28 del Anexo A del Formulario 1040. Can i efile my 2012 taxes now No está sujeto a las limitaciones de actividades pasivas. Can i efile my 2012 taxes now Reintegros por la Reclamación de un Derecho Si tuvo que reintegrar más de $3,000 que incluyó en los ingresos de un año anterior porque en ese momento pensaba que tenía un derecho no restringido a dichos ingresos, tal vez pueda deducir la cantidad que pagó o solicitar que se la acrediten en sus impuestos. Can i efile my 2012 taxes now Vea Reintegros en el capítulo 12, para más información. Can i efile my 2012 taxes now Inversión no Recuperada en una Anualidad Un jubilado que haya contribuido al costo de una anualidad puede excluir de sus ingresos parte de cada pago que reciba, por ser rendimiento exento de impuestos de la inversión del jubilado. Can i efile my 2012 taxes now Si el jubilado muere antes de recuperar toda la inversión libre de impuestos, se podría deducir toda inversión no recuperada en la declaración final de impuestos del jubilado. Can i efile my 2012 taxes now Vea el capítulo 10 para obtener más información acerca del trato tributario de las pensiones y anualidades. Can i efile my 2012 taxes now Gastos no Deducibles A continuación se enumeran algunos ejemplos de gastos no deducibles. Can i efile my 2012 taxes now Luego, se explican en mayor detalle los gastos no deducibles adicionales. Can i efile my 2012 taxes now Lista de Gastos no Deducibles Comisiones de agentes bursátiles que usted pagó con respecto a su arreglo IRA u otra propiedad de inversión. Can i efile my 2012 taxes now Gastos de entierro o funeral, incluido el costo de la tumba. Can i efile my 2012 taxes now Gastos de capital. Can i efile my 2012 taxes now Cargos y licencias, como licencias de automóvil, de matrimonio y placas de identificación. Can i efile my 2012 taxes now Pérdidas relacionadas con pasatiempos; no obstante, vea Gastos Relacionados con un Pasatiempo , anteriormente. Can i efile my 2012 taxes now Reparaciones, seguro y alquiler de la vivienda. Can i efile my 2012 taxes now Sobornos y comisiones clandestinas. Can i efile my 2012 taxes now Vea Bribes and kickbacks (Sobornos y comisiones clandestinas) en el capítulo 11 de la Publicación 535, en inglés. Can i efile my 2012 taxes now Pérdidas de la venta de su vivienda, mobiliario, automóvil personal, etc. Can i efile my 2012 taxes now Primas de seguro personal por incapacidad. Can i efile my 2012 taxes now Gastos personales, de vida o familiares. Can i efile my 2012 taxes now Valor de salarios no recibidos o período de vacaciones no utilizadas. Can i efile my 2012 taxes now Gastos de Adopción No puede deducir los gastos que incurre en la adopción de un niño, pero tal vez pueda tomar un crédito para esos gastos. Can i efile my 2012 taxes now Vea el capítulo 36. Can i efile my 2012 taxes now Gastos de Campaña Electoral No puede deducir gastos que un candidato para un cargo público incurre en su campaña electoral, incluso si el candidato está postulando para la reelección a dicho cargo. Can i efile my 2012 taxes now Estos incluyen cargos de calificación e inscripción para las elecciones primarias. Can i efile my 2012 taxes now Honorarios legales. Can i efile my 2012 taxes now   No puede deducir honorarios legales que se pagan para defender cargos derivados de la participación en una campaña política. Can i efile my 2012 taxes now Cargos por Emisión de Cheques de Cuenta Personal Si tiene una cuenta corriente personal, no puede deducir cargos cobrados por el banco por el privilegio de emitir cheques, incluso si la cuenta devenga intereses. Can i efile my 2012 taxes now Cuotas de Clubes Por lo general, no puede deducir el costo de afiliación a un club organizado para fines comerciales, de placer, recreación u otro fin social. Can i efile my 2012 taxes now Esto incluye clubes de negocios, sociales, atléticos, de almuerzo, deportivos, de aerolíneas, hoteles, golf y de campo. Can i efile my 2012 taxes now No puede deducir cuotas pagadas a una organización si uno de los propósitos principales de ésta es: Realizar actividades sociales para los miembros o sus invitados u Ofrecer a los miembros o sus invitados acceso a establecimientos de actividades sociales. Can i efile my 2012 taxes now No se pueden deducir las cuotas pagadas a aerolíneas, hoteles o clubes de almuerzo. Can i efile my 2012 taxes now Gastos de Transporte entre su Domicilio y el Trabajo No puede deducir gastos de viaje de ida y vuelta al trabajo (el costo de su transporte entre su residencia y su lugar de trabajo principal o habitual). Can i efile my 2012 taxes now Si transporta herramientas, instrumentos u otros artículos en su automóvil de ida y vuelta a su trabajo, puede deducir sólo el costo adicional de transporte de dichos artículos, como el alquiler de un remolque para el transporte de los mismos. Can i efile my 2012 taxes now Multas o Sanciones No puede deducir multas o sanciones que pague a una oficina del gobierno por infringir una ley. Can i efile my 2012 taxes now Esto incluye cantidades pagadas para liquidar su responsabilidad real o posible de una multa o sanción (civil o penal). Can i efile my 2012 taxes now Las multas o sanciones incluyen multas de estacionamiento, sanciones tributarias y sanciones deducidas de su sueldo de maestro después de una huelga ilícita. Can i efile my 2012 taxes now Gastos de Balnearios No puede deducir gastos de un balneario (spa), aun si existe un requisito laboral para mantenerse en excelente condición física, como podría ser el caso de un oficial encargado del orden público. Can i efile my 2012 taxes now Sistema de Seguridad Residencial No puede deducir el costo de un sistema de seguridad residencial como una deducción miscelánea. Can i efile my 2012 taxes now Sin embargo, tal vez pueda reclamar una deducción por un sistema de seguridad residencial como gasto de negocios, si es que tiene una oficina en su casa. Can i efile my 2012 taxes now Vea Oficina en el Domicilio bajo Gastos del Empleado no Reembolsados, anteriormente, y Security System (Sistema de seguridad) bajo Deducting Expenses (Deducción de gastos) en la Publicación 587, en inglés. Can i efile my 2012 taxes now Seminarios Relacionados con Inversiones No puede deducir gastos por asistir a una convención, seminario o reunión parecida para fines de inversión. Can i efile my 2012 taxes now Primas de Seguro de Vida No puede deducir primas que pague por su propio seguro de vida. Can i efile my 2012 taxes now Tal vez pueda deducir como pensión para el cónyuge divorciado primas que pague por las pólizas de seguro de vida asignadas a su ex-cónyuge. Can i efile my 2012 taxes now Consulte el capítulo 18 para información sobre la pensión alimenticia. Can i efile my 2012 taxes now Gastos de Cabildeo Por lo general, no puede deducir cantidades pagadas o incurridas por concepto de cabildeo. Can i efile my 2012 taxes now Estos incluyen gastos para: Influenciar el proceso de legislación, Participar o intervenir en una campaña política a favor o en contra de un candidato a un cargo público, Intentar influenciar al público en general, o a un segmento del público, respecto a las elecciones, materias legislativas o referéndums o Comunicarse directamente con funcionarios del poder ejecutivo bajo protección en un intento de influenciar las acciones del funcionario o las opiniones del mismo. Can i efile my 2012 taxes now Los gastos de cabildeo también incluyen cantidades pagadas o gastos en los que ha incurrido para la investigación, preparación, planificación o coordinación de cualquiera de estas actividades. Can i efile my 2012 taxes now Cuotas usadas para cabildeo. Can i efile my 2012 taxes now   Si una organización exenta de impuestos le notifica que esa parte de las cuotas u otras cantidades que usted paga a la organización se utilizan para pagar gastos de cabildeo no deducibles, no puede deducir esa parte de las cuotas. Can i efile my 2012 taxes now Vea Lobbying Expenses (Gastos de cabildeo) en la Publicación 529, en inglés, para obtener información sobre las excepciones. Can i efile my 2012 taxes now Dinero en Efectivo o Bienes Perdidos o Extraviados No puede deducir una pérdida basada en la simple desaparición de dinero o bienes. Can i efile my 2012 taxes now Sin embargo, una pérdida o desaparición accidental de bienes puede considerarse hecho fortuito si es causada por un acontecimiento que se pueda identificar y que sea repentino, inesperado o poco común. Can i efile my 2012 taxes now Vea el capítulo 25. Can i efile my 2012 taxes now Ejemplo. Can i efile my 2012 taxes now Se cierra una puerta de su automóvil accidentalmente en su mano y rompe el engaste de su anillo de diamante. Can i efile my 2012 taxes now El diamante se cae del anillo y nunca lo pudo encontrar. Can i efile my 2012 taxes now La pérdida del diamante es un hecho fortuito. Can i efile my 2012 taxes now Almuerzos con Compañeros de Trabajo No puede deducir los gastos de almuerzos con compañeros de trabajo, excepto si viaja lejos de casa por razones comerciales. Can i efile my 2012 taxes now Vea el capítulo 26 para obtener información acerca de los gastos deducibles mientras se encuentra lejos de su domicilio. Can i efile my 2012 taxes now Comidas Cuando Trabaja Hasta Tarde No puede deducir el costo de comidas si trabaja hasta tarde. Can i efile my 2012 taxes now Sin embargo, tal vez pueda declarar una deducción si el costo de las comidas es un gasto de entretenimiento deducible o si viaja lejos de casa. Can i efile my 2012 taxes now Vea el capítulo 26 para obtener información sobre gastos de entretenimiento deducibles y gastos durante viajes lejos de su domicilio. Can i efile my 2012 taxes now Gastos por Asuntos Legales Personales No puede deducir gastos por asuntos legales personales, como aquéllos en los que se ha incurrido en los siguientes casos: Tutoría de hijos. Can i efile my 2012 taxes now Demanda por incumplimiento de promesa de matrimonio. Can i efile my 2012 taxes now Cargos civiles o penales derivados de una relación personal. Can i efile my 2012 taxes now Daños por lesiones personales, a excepción de ciertas reclamaciones por discriminación ilegal y por denuncia de actividades ilícitas en una empresa. Can i efile my 2012 taxes now Preparación de un título (o defensa o perfeccionamiento de un título). Can i efile my 2012 taxes now Preparación de un testamento. Can i efile my 2012 taxes now Reclamaciones de propiedad o liquidación de propiedad en un divorcio. Can i efile my 2012 taxes now No puede deducir estos gastos incluso si una consecuencia del proceso legal es la pérdida de propiedad que genera ingresos. Can i efile my 2012 taxes now Donaciones Políticas No puede deducir donaciones hechas a un candidato político, un comité de campaña o un fondo para publicar boletines. Can i efile my 2012 taxes now Los avisos publicitarios en programas de convenciones y entradas a cenas o programas que benefician a un partido o candidato político no son deducibles. Can i efile my 2012 taxes now Costos de Acreditación Profesional No puede deducir costos de acreditación profesional tales como: Costos de certificado de contabilidad pagados para el derecho inicial de poder practicar la contabilidad. Can i efile my 2012 taxes now Costos del examen para el ejercicio de la abogacía y gastos afines para asegurarse el ingreso inicial al colegio de abogados. Can i efile my 2012 taxes now Costos de licencias médicas y dentales para obtener la primera licencia de ejercicio de la profesión. Can i efile my 2012 taxes now Reputación Profesional No puede deducir gastos por salir en un programa de radio o televisión para aumentar su prestigio personal o establecer su reputación profesional. Can i efile my 2012 taxes now Aportaciones a un Fondo de Ayuda Económica No puede deducir aportaciones pagadas a un plan privado que pague beneficios a los empleados cubiertos que no puedan trabajar debido a una lesión o enfermedad no relacionada con el trabajo. Can i efile my 2012 taxes now Servicio Telefónico Residencial No puede deducir un cobro (incluidos impuestos) por un servicio telefónico local básico de la línea telefónica principal de su residencia, aun cuando se utilice en una ocupación o negocio. Can i efile my 2012 taxes now Reuniones de Accionistas No puede deducir gastos de transporte ni otros que paga para asistir a reuniones de accionistas de empresas en las que tiene participación accionaria, pero no de otra índole. Can i efile my 2012 taxes now No puede deducir estos gastos aunque asista a la reunión para obtener información que podría ser útil al efectuar otras inversiones. Can i efile my 2012 taxes now Gastos de Ingresos Exentos de Impuestos No puede deducir gastos que incurre para generar ingresos exentos de impuestos. Can i efile my 2012 taxes now No puede deducir intereses de una deuda en la que haya incurrido o continúa para comprar o portar valores exentos de impuestos. Can i efile my 2012 taxes now Si usted incurre gastos para generar ingresos tributables y exentos de impuestos, pero no puede identificar los gastos que generan cada tipo de ingreso, tiene que dividir los gastos según la cantidad de cada tipo de ingreso para determinar la cantidad que puede deducir. Can i efile my 2012 taxes now Ejemplo. Can i efile my 2012 taxes now Durante el año recibió intereses tributables de $4,800 e intereses exentos de impuestos de $1,200. Can i efile my 2012 taxes now Al obtener este ingreso, tuvo un total de gastos de $500 durante el año. Can i efile my 2012 taxes now No puede identificar la cantidad de cada gasto correspondiente a cada ingreso. Can i efile my 2012 taxes now Por lo tanto, el 80% ($4,800/$6,000) del gasto corresponde a los intereses tributables y el 20% ($1,200/$6,000) corresponde a los intereses exentos de impuestos. Can i efile my 2012 taxes now Puede deducir, sujeto al límite del 2%, gastos de $400 (80% de $500). Can i efile my 2012 taxes now Gastos de Viaje para Otra Persona Por lo general, no puede deducir los gastos de viaje que pague o en los que incurra para su cónyuge, dependiente, u otra persona que lo acompañe (o su empleado) en un viaje de negocios o por motivos personales, a menos que el cónyuge, el dependiente, o la otra persona sea un empleado del contribuyente; el viaje sea para un propósito comercial de buena fe (bona fide); y tales gastos serían de otra manera deducibles por el cónyuge, dependiente u otra persona. Can i efile my 2012 taxes now Vea el capítulo 26 para más información sobre gastos de viaje deducibles. Can i efile my 2012 taxes now Aportaciones Voluntarias al Fondo de Beneficios por Desempleo No puede deducir aportaciones voluntarias al fondo de beneficios por desempleo que usted realice a un fondo sindical o a un fondo privado. Can i efile my 2012 taxes now Sin embargo, puede deducir las aportaciones como impuestos si la ley estatal le exige que las haga a un fondo de desempleo del estado que le protege de la pérdida de sueldos por desempleo causado por condiciones comerciales. Can i efile my 2012 taxes now Relojes de Pulsera No puede deducir el costo de un reloj de pulsera, incluso si existe un requisito laboral que establezca que tiene que saber la hora correcta para realizar sus funciones de manera adecuada. Can i efile my 2012 taxes now Prev  Up  Next   Home   More Online Publications