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Can I Still File Taxes For 2012

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Can I Still File Taxes For 2012

Can i still file taxes for 2012 Publication 3402 - Main Content Table of Contents What is a Limited Liability Company? Classification of an LLC LLCs Classified as Partnerships LLCs Classified as Disregarded Entities LLCs Classified as Corporations Subsequent Elections How To Get More InformationInternal Revenue Service Small Business Administration Other Federal Agencies What is a Limited Liability Company? For purposes of this publication, a limited liability company (LLC) is a business entity organized in the United States under state law. Can i still file taxes for 2012 Unlike a partnership, all of the members of an LLC have limited personal liability for its debts. Can i still file taxes for 2012 An LLC may be classified for federal income tax purposes as a partnership, corporation, or an entity disregarded as separate from its owner by applying the rules in Regulations section 301. Can i still file taxes for 2012 7701-3. Can i still file taxes for 2012 The information in this publication applies to LLCs in general, and different rules may apply to special situations, including banks, insurance companies, or nonprofit organizations that are LLCs or that own LLCs. Can i still file taxes for 2012 Check your state's requirements and the federal tax regulations for further information. Can i still file taxes for 2012 Classification of an LLC Default classification rules. Can i still file taxes for 2012   An LLC with at least two members is classified as a partnership for federal income tax purposes. Can i still file taxes for 2012 An LLC with only one member is treated as an entity disregarded as separate from its owner for income tax purposes (but as a separate entity for purposes of employment tax and certain excise taxes). Can i still file taxes for 2012 Also, an LLC's federal tax classification can subsequently change under certain default rules discussed later. Can i still file taxes for 2012 Elected classification. Can i still file taxes for 2012   If an LLC does not choose to be classified under the above default classifications, it can elect to be classified as an association taxable as a corporation or as an S corporation. Can i still file taxes for 2012 After an LLC has determined its federal tax classification, it can later elect to change that classification. Can i still file taxes for 2012 For details, see Subsequent Elections, later. Can i still file taxes for 2012 LLCs Classified as Partnerships If an LLC has at least two members and is classified as a partnership, it generally must file Form 1065, U. Can i still file taxes for 2012 S. Can i still file taxes for 2012 Return of Partnership Income. Can i still file taxes for 2012 Generally, an LLC classified as a partnership is subject to the same filing and reporting requirements as partnerships. Can i still file taxes for 2012 For certain purposes, members of an LLC are treated as limited partners in a limited partnership. Can i still file taxes for 2012 For example, LLC members are treated as limited partners for purposes of material participation under the passive activity limitation rules (see Temporary Regulation section 1. Can i still file taxes for 2012 469-5T(e)). Can i still file taxes for 2012 See the Instructions for Form 1065 for reporting rules that apply specifically to LLCs. Can i still file taxes for 2012 Member manager. Can i still file taxes for 2012   Only a member manager of an LLC can sign the partnership tax return. Can i still file taxes for 2012 And only a member manager can represent the LLC as the tax matters partner under the consolidated audit proceedings in sections 6221 through 6234. Can i still file taxes for 2012 A member manager is any owner of an interest in the LLC who, alone or together with others, has the continuing authority to make the management decisions necessary to conduct the business for which the LLC was formed. Can i still file taxes for 2012 If there are no elected or designated member managers, each owner is treated as a member manager. Can i still file taxes for 2012 Change in default classification. Can i still file taxes for 2012   If the number of members in an LLC classified as a partnership is reduced to only one member, it becomes an entity disregarded as separate from its owner under Regulations section 301. Can i still file taxes for 2012 7701-3(f)(2). Can i still file taxes for 2012 However, if the LLC has made an election to be classified as a corporation (discussed later) and that elective classification is in effect at the time of the change in membership, the default classification as a disregarded entity will not apply. Can i still file taxes for 2012   Other tax consequences of a change in membership, such as recognition of gain or loss, are determined by the transactions through which an interest in the LLC is acquired or disposed of. Can i still file taxes for 2012 If a partnership that becomes a disregarded entity as a result of a decrease in the number of members makes an election to be classified as a corporation, the applicable deemed transactions discussed under Subsequent Elections, later, apply. Can i still file taxes for 2012 Example 1. Can i still file taxes for 2012 Ethel and Francis are members of an LLC classified as a partnership for federal tax purposes. Can i still file taxes for 2012 Each holds an equal membership interest. Can i still file taxes for 2012 The LLC does not hold any unrealized receivables or substantially appreciated inventory. Can i still file taxes for 2012 Ethel sells her entire interest in the LLC to Francis for $10,000. Can i still file taxes for 2012 After the sale, the business is continued by the LLC, which is owned solely by Francis. Can i still file taxes for 2012 No entity classification election is made after the sale to treat the LLC as a corporation for federal tax purposes. Can i still file taxes for 2012 The partnership terminates when Francis buys Ethel's entire interest. Can i still file taxes for 2012 Ethel must treat the transaction as the sale of a partnership interest and must report gain or loss, if any, resulting from the sale of her partnership interest. Can i still file taxes for 2012 For purposes of determining the tax treatment of Francis, the partnership is deemed to make a liquidating distribution of all of its assets to Ethel and Francis, and after this distribution, Francis is treated as acquiring the assets deemed to have been distributed to Ethel in liquidation of Ethel's partnership interest. Can i still file taxes for 2012 Francis's basis in the assets attributable to Ethel's one-half interest in the partnership is $10,000, the purchase price for Ethel's partnership interest. Can i still file taxes for 2012 Upon the termination of the partnership, Francis is considered to receive a distribution of those assets attributable to Francis's former interest in the partnership. Can i still file taxes for 2012 Francis must recognize gain or loss, if any, on the deemed distribution of the assets to the extent required by Internal Revenue Code section 731(a). Can i still file taxes for 2012 See Partnership Distributions in Publication 541. Can i still file taxes for 2012 Example 2. Can i still file taxes for 2012 George and Henrietta are members of an LLC classified as a partnership for federal tax purposes. Can i still file taxes for 2012 Each holds an equal membership interest. Can i still file taxes for 2012 The LLC does not hold any unrealized receivables or substantially appreciated inventory. Can i still file taxes for 2012 George and Henrietta each sell their entire interests in the LLC to Ian, an unrelated person, in exchange for $10,000. Can i still file taxes for 2012 After the sale, the business is continued by the LLC, which is owned solely by Ian. Can i still file taxes for 2012 No entity classification election is made after the sale to treat the LLC as a corporation for federal tax purposes. Can i still file taxes for 2012 The partnership terminates when Ian purchases the entire interests of George and Henrietta in the LLC. Can i still file taxes for 2012 George and Henrietta must report gain or loss, if any, resulting from the sale of their partnership interests. Can i still file taxes for 2012 For purposes of classifying the acquisition by Ian, the partnership is deemed to make a liquidating distribution of its assets to George and Henrietta. Can i still file taxes for 2012 Immediately following this distribution, Ian is deemed to acquire, by purchase, all of the former partnership's assets. Can i still file taxes for 2012   For more details on the preceding two examples, see Revenue Ruling 99-6, 1999-6 I. Can i still file taxes for 2012 R. Can i still file taxes for 2012 B. Can i still file taxes for 2012 6. Can i still file taxes for 2012 You can find Revenue Ruling 99-6 at www. Can i still file taxes for 2012 irs. Can i still file taxes for 2012 gov/pub/irs-irbs/irb99-06. Can i still file taxes for 2012 pdf. Can i still file taxes for 2012 LLCs Classified as Disregarded Entities If an LLC has only one member and is classified as an entity disregarded as separate from its owner, its income, deductions, gains, losses, and credits are reported on the owner's income tax return. Can i still file taxes for 2012 For example, if the owner of the LLC is an individual, the LLC's income and expenses would be reported on the following schedules filed with the owner's Form 1040: Schedule C, Profit or Loss from Business (Sole Proprietorship); Schedule C-EZ, Net Profit From Business (Sole Proprietorship); Schedule E, Supplemental Income and Loss; or Schedule F, Profit or Loss From Farming. Can i still file taxes for 2012 Employment tax and certain excise taxes. Can i still file taxes for 2012   A single-member LLC that is classified as a disregarded entity for income tax purposes is treated as a separate entity for purposes of employment tax and certain excise taxes. Can i still file taxes for 2012 For wages paid after January 1, 2009, the single-member LLC is required to use its name and employer identification number (EIN) for reporting and payment of employment taxes. Can i still file taxes for 2012 A single-member LLC is also required to use its name and EIN to register for excise tax activities on Form 637; pay and report excise taxes reported on Forms 720, 730, 2290, and 11-C; and claim any refunds, credits, and payments on Form 8849. Can i still file taxes for 2012 See the employment and excise tax returns for more information. Can i still file taxes for 2012 Self-employment tax rule for disregarded entity LLCs. Can i still file taxes for 2012   An individual owner of a single-member LLC classified as a disregarded entity is not an employee of the LLC. Can i still file taxes for 2012 Instead, the owner is subject to tax on the net earnings from self-employment of the LLC which is treated in the same manner as a sole-proprietorship. Can i still file taxes for 2012 Example 3. Can i still file taxes for 2012 LLC is a disregarded entity owned by Irene. Can i still file taxes for 2012 LLC has three employees (Kent, Patricia, and Tex) and pays wages. Can i still file taxes for 2012 LLC is treated as an entity separate from its owner for purposes of employment taxes. Can i still file taxes for 2012 For the wages paid to Kent, Patricia, and Tex, LLC is liable for income tax withholding, Federal Insurance Contributions Act (FICA) taxes, and Federal Unemployment Tax Act (FUTA) taxes. Can i still file taxes for 2012 In addition, LLC must file under its name and EIN the applicable employment tax returns; make timely employment tax deposits; and file with the Social Security Administration and furnish to LLC's employees (Kent, Patricia, and Tex) Forms W-2, Wage and Tax Statement. Can i still file taxes for 2012 Irene is self-employed for purposes of the self-employment tax. Can i still file taxes for 2012 Thus, Irene is subject to self-employment tax on her net earnings from self-employment with respect to LLC's activities. Can i still file taxes for 2012 Irene is not an employee of LLC for purposes of employment taxes. Can i still file taxes for 2012 Because LLC is treated as a sole proprietorship of Irene for income tax purposes, Irene must report the income and expenses from LLC on her Schedule C. Can i still file taxes for 2012 Irene will figure the tax due on her net earnings from self-employment on Schedule SE. Can i still file taxes for 2012 Irene can also deduct one-half of her self-employment tax on line 27 of her Form 1040. Can i still file taxes for 2012 Taxpayer identification number. Can i still file taxes for 2012   For all income tax purposes, a single-member LLC classified as a disregarded entity must use the owner's social security number (SSN) or EIN. Can i still file taxes for 2012 This includes all information returns and reporting related to income tax. Can i still file taxes for 2012 For example, if a disregarded entity LLC that is owned by an individual is required to provide a Form W-9, Request for Taxpayer Identification Number and Certification, the LLC must provide the owner's SSN or EIN, not the LLC's EIN. Can i still file taxes for 2012   However, most new single-member LLCs classified as a disregarded entity will need to obtain an EIN for the LLC. Can i still file taxes for 2012 An LLC will need an EIN if it has any employees or if it will be required to file any of the excise tax forms listed above (see Employment tax and certain excise taxes earlier). Can i still file taxes for 2012 See Form SS-4, Application for Employer Identification Number, for information on applying for an EIN. Can i still file taxes for 2012 Change in default classification. Can i still file taxes for 2012   If a single-member LLC classified as a disregarded entity for income tax purposes acquires an additional member, it becomes a partnership under Regulations section 301. Can i still file taxes for 2012 7701-3(f)(2). Can i still file taxes for 2012 However, if the LLC has made an election to be classified as a corporation (discussed later) and that elective classification is in effect at the time of the change in membership, the default classification as a partnership will not apply. Can i still file taxes for 2012   Other tax consequences of a change in membership, such as recognition of gain or loss, are determined by the transactions through which an interest in the LLC is acquired or disposed of. Can i still file taxes for 2012 If a disregarded entity that becomes a partnership as a result of an increase in the number of members makes an election to be classified as a corporation, the applicable deemed transactions discussed in Subsequent Elections, later, apply. Can i still file taxes for 2012 Example 4. Can i still file taxes for 2012 Bart, who is not related to Alain, buys 50% of Alain's interest in an LLC that is a disregarded entity for $5,000. Can i still file taxes for 2012 Alain does not contribute any portion of the $5,000 to the LLC. Can i still file taxes for 2012 Alain and Bart continue to operate the business of the LLC as co-owners of the LLC. Can i still file taxes for 2012 The LLC is converted to a partnership when the new member, Bart, buys an interest in the disregarded entity from the owner, Alain. Can i still file taxes for 2012 Bart's buying a 50% interest in Alain's ownership interest in the LLC is treated as Bart's buying a 50% interest in each of the LLC's assets, which are treated as owned directly by Alain for federal income tax purposes. Can i still file taxes for 2012 Immediately thereafter, Alain and Bart are treated as contributing their respective interests in those assets to a partnership in exchange for ownership interests in the partnership. Can i still file taxes for 2012 Alain recognizes gain or loss from the deemed sale to Bart of the 50% interest in the assets. Can i still file taxes for 2012 Neither Alain nor Bart recognizes any gain or loss as a result of the deemed contribution of the assets to the partnership. Can i still file taxes for 2012 Example 5. Can i still file taxes for 2012 Charles, who is not related to Danielle, contributes $10,000 to an LLC owned by Danielle for a 50% ownership interest in the LLC. Can i still file taxes for 2012 The LLC uses all of the contributed cash in its business. Can i still file taxes for 2012 Charles and Danielle continue to operate the business of the LLC as co-owners of the LLC. Can i still file taxes for 2012 The LLC is converted from a disregarded entity to a partnership when Charles contributes cash to the LLC. Can i still file taxes for 2012 Charles's contribution is treated as a contribution to a partnership in exchange for an ownership interest in the partnership. Can i still file taxes for 2012 Danielle is treated as contributing all of the assets of the LLC to the partnership in exchange for a partnership interest. Can i still file taxes for 2012 Neither Charles nor Danielle recognizes gain or loss as a result of the conversion of the disregarded entity to a partnership. Can i still file taxes for 2012   For more details on the preceding two examples, see Revenue Ruling 99-5, 1999-6 I. Can i still file taxes for 2012 R. Can i still file taxes for 2012 B. Can i still file taxes for 2012 8. Can i still file taxes for 2012 You can find Revenue Ruling 99-5 at www. Can i still file taxes for 2012 irs. Can i still file taxes for 2012 gov/pub/irs-irbs/irb99-06. Can i still file taxes for 2012 pdf. Can i still file taxes for 2012 LLCs Classified as Corporations An LLC with either a single member or more than one member can elect to be classified as a corporation rather than be classified as a partnership or disregarded entity under the default rules discussed earlier. Can i still file taxes for 2012 File Form 8832, Entity Classification Election, to elect classification as a C corporation. Can i still file taxes for 2012 File Form 2553, Election by a Small Business Corporation, to elect classification as an S corporation. Can i still file taxes for 2012 LLCs electing classification as an S corporation are not required to file Form 8832 to elect classification as a corporation before filing Form 2553. Can i still file taxes for 2012 By filing Form 2553, an LLC is deemed to have elected classification as a corporation in addition to the S corporation classification. Can i still file taxes for 2012 If the LLC elects to be classified as a corporation by filing Form 8832, a copy of the LLC's Form 8832 must be attached to the federal income tax return of each direct and indirect owner of the LLC for the tax year of the owner that includes the date on which the election took effect. Can i still file taxes for 2012 Example 6. Can i still file taxes for 2012 Classification as a corporation without an S election. Can i still file taxes for 2012 Wanda and Sylvester are members of an LLC. Can i still file taxes for 2012 They agree that the LLC should be classified as a corporation but do not want to elect to have the LLC be treated as an S corporation. Can i still file taxes for 2012 The LLC must file Form 8832. Can i still file taxes for 2012 Example 7. Can i still file taxes for 2012 Classification as a corporation with an S election. Can i still file taxes for 2012 Evelyn and Carol are members of an LLC. Can i still file taxes for 2012 They agree that the LLC should be classified as an S corporation. Can i still file taxes for 2012 The LLC must file Form 2553 instead of Form 8832. Can i still file taxes for 2012 If the LLC is classified as a corporation, it must file a corporation income tax return. Can i still file taxes for 2012 If it is a C corporation, it is taxed on its taxable income and distributions to the members are includible in the members' gross income to the extent of the corporation's earnings and profits (double taxation). Can i still file taxes for 2012 If it is an S corporation, the corporation is generally not subject to any income tax and the income, deductions, gains, losses, and credits of the corporation “pass through” to the members. Can i still file taxes for 2012 Corporations generally file either: Form 1120, U. Can i still file taxes for 2012 S. Can i still file taxes for 2012 Corporation Income Tax Return; or Form 1120S, U. Can i still file taxes for 2012 S. Can i still file taxes for 2012 Income Tax Return for an S Corporation. Can i still file taxes for 2012 For more information on the income taxation of corporations and their shareholders, see Publication 542, Corporations. Can i still file taxes for 2012 For more information on the income taxation of S corporations and their shareholders, see the Instructions for Form 1120S, U. Can i still file taxes for 2012 S. Can i still file taxes for 2012 Income Tax Return for an S Corporation. Can i still file taxes for 2012 Subsequent Elections An LLC can elect to change its classification. Can i still file taxes for 2012 Generally, once an LLC has elected to change its classification, it cannot elect again to change it classification during the 60 months after the effective date of the election. Can i still file taxes for 2012 An election by a newly formed LLC that is effective on the date of formation is not considered a change for purposes of this limitation. Can i still file taxes for 2012 For more information and exceptions, see Regulations section 301. Can i still file taxes for 2012 7701-3(c) and the Form 8832 instructions. Can i still file taxes for 2012 An election to change classification can have significant tax consequences based on the following transactions that are deemed to occur as a result of the election. Can i still file taxes for 2012 Partnership to corporation. Can i still file taxes for 2012   An election to change classification from a partnership to a corporation will be treated as if the partnership contributed all of its assets and liabilities to the corporation in exchange for stock and the partnership then immediately liquidated by distributing the stock to its partners. Can i still file taxes for 2012   For more information, see Partnership Distributions in Publication 541 and Property Exchanged for Stock in Publication 542. Can i still file taxes for 2012 Corporation to partnership. Can i still file taxes for 2012   An election to change classification from a corporation to a partnership will be treated as if the corporation distributed all of its assets and liabilities to its shareholders in liquidation and the shareholders then immediately contributed all of the distributed assets and liabilities to a new partnership. Can i still file taxes for 2012   For more information, see Contribution of Property in Publication 541 and Distributions to Shareholders in Publication 542. Can i still file taxes for 2012 Corporation to disregarded entity. Can i still file taxes for 2012   An election to change classification from a corporation to a disregarded entity will be treated as if the corporation distributed all of its assets and liabilities to its single owner in liquidation. Can i still file taxes for 2012   For more information, see Distributions to Shareholders in Publication 542. Can i still file taxes for 2012 Disregarded entity to corporation. Can i still file taxes for 2012   An election to change classification from a disregarded entity to a corporation will be treated as if the owner of the disregarded entity contributed all of the assets and liabilities to the corporation in exchange for stock. Can i still file taxes for 2012   For more information, see Property Exchanged for Stock in Publication 542. Can i still file taxes for 2012 How To Get More Information This section describes the help the IRS and other federal agencies offer to taxpayers who operate their own businesses. Can i still file taxes for 2012 Internal Revenue Service You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS in several ways. Can i still file taxes for 2012 By selecting the method that is best for you, you will have quick and easy access to tax help. Can i still file taxes for 2012 Contacting your Taxpayer Advocate. Can i still file taxes for 2012   The Taxpayer Advocate Service (TAS) is an independent organization within the IRS whose employees assist taxpayers who are experiencing economic harm, who are seeking help in resolving tax problems that have not been resolved through normal channels, or who believe that an IRS system or procedure is not working as it should. Can i still file taxes for 2012   You can contact the TAS by calling the TAS toll-free case intake line at 1-877-777-4778 or TTY/TDD 1-800-829-4059 to see if you are eligible for assistance. Can i still file taxes for 2012 You can also call or write to your local taxpayer advocate, whose phone number and address are listed in your local telephone directory and in Publication 1546, Taxpayer Advocate Service — Your Voice at the IRS. Can i still file taxes for 2012 You can file Form 911, Request for Taxpayer Advocate Service Assistance (And Application for Taxpayer Assistance Order), or ask an IRS employee to complete it on your behalf. Can i still file taxes for 2012 For more information, go to www. Can i still file taxes for 2012 irs. Can i still file taxes for 2012 gov/advocate. Can i still file taxes for 2012 Low Income Taxpayer Clinics (LITCs). Can i still file taxes for 2012   LITCs are independent organizations that provide low income taxpayers with representation in federal tax controversies with the IRS for free or for a nominal charge. Can i still file taxes for 2012 The clinics also provide tax education and outreach for taxpayers with limited English proficiency or who speak English as a second language. Can i still file taxes for 2012 Publication 4134, Low Income Taxpayer Clinic List, provides information on clinics in your area. Can i still file taxes for 2012 It is available at www. Can i still file taxes for 2012 irs. Can i still file taxes for 2012 gov or at your local IRS office. Can i still file taxes for 2012 Small business workshops. Can i still file taxes for 2012   Small business workshops are designed to help the small business owner understand and fulfill their federal tax responsibilities. Can i still file taxes for 2012 Workshops are sponsored and presented by IRS partners who are federal tax specialists. Can i still file taxes for 2012 Workshop topics vary from a general overview of taxes to more specific topics such as recordkeeping and retirement plans. Can i still file taxes for 2012 Although most are free, some workshops have fees associated with them. Can i still file taxes for 2012 Any fees charged for a workshop are paid to the sponsoring organization, not the IRS. Can i still file taxes for 2012   For more information, visit www. Can i still file taxes for 2012 irs. Can i still file taxes for 2012 gov/businesses/small. Can i still file taxes for 2012 Subscribe to e-news for small businesses. Can i still file taxes for 2012   Join the e-News for Small Businesses mailing list to receive updates, reminders, and other information useful to small business owners and self employed individuals. Can i still file taxes for 2012 Visit the website at www. Can i still file taxes for 2012 irs. Can i still file taxes for 2012 gov/businesses/small and click on “Subscribe to e-News. Can i still file taxes for 2012 ” Free tax services. Can i still file taxes for 2012   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. Can i still file taxes for 2012 It contains a list of free tax publications and describes other free tax information services, including tax education and assistance programs and a list of TeleTax topics. Can i still file taxes for 2012   Accessible versions of IRS published products are available on request in a variety of alternative formats for people with disabilities. Can i still file taxes for 2012 Internet. Can i still file taxes for 2012 You can access the IRS website at www. Can i still file taxes for 2012 irs. Can i still file taxes for 2012 gov 24 hours a day, 7 days a week, to: E-file your return. Can i still file taxes for 2012 Find out about commercial tax preparation and e-file services available free to eligible taxpayers. Can i still file taxes for 2012 Check the status of your refund. Can i still file taxes for 2012 Go to www. Can i still file taxes for 2012 irs. Can i still file taxes for 2012 gov and click on Where's My Refund. Can i still file taxes for 2012 Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. Can i still file taxes for 2012 If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). Can i still file taxes for 2012 Have your tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Can i still file taxes for 2012 Download forms, instructions, and publications. Can i still file taxes for 2012 Order IRS products online. Can i still file taxes for 2012 Research your tax questions online. Can i still file taxes for 2012 Search publications online by topic or keyword. Can i still file taxes for 2012 View Internal Revenue Bulletins (IRBs) published in the last few years. Can i still file taxes for 2012 Figure your withholding allowances using the withholding calculator online at www. Can i still file taxes for 2012 irs. Can i still file taxes for 2012 gov/individuals. Can i still file taxes for 2012 Determine if Form 6251 must be filed using our Alternative Minimum Tax (AMT) Assistant. Can i still file taxes for 2012 Sign up to receive local and national tax news by email. Can i still file taxes for 2012 Get information on starting and operating a small business. Can i still file taxes for 2012 Phone. Can i still file taxes for 2012 Many services are available by phone. Can i still file taxes for 2012 Ordering forms, instructions, and publications. Can i still file taxes for 2012 Call 1-800-829-3676 to order current-year forms, instructions, and publications, and prior-year forms and instructions. Can i still file taxes for 2012 You should receive your order within 10 days. Can i still file taxes for 2012 Asking tax questions. Can i still file taxes for 2012 Call the IRS with your tax questions at 1-800-829-1040. Can i still file taxes for 2012 Solving problems. Can i still file taxes for 2012 You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. Can i still file taxes for 2012 An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. Can i still file taxes for 2012 Call your local Taxpayer Assistance Center for an appointment. Can i still file taxes for 2012 To find the number, go to www. Can i still file taxes for 2012 irs. Can i still file taxes for 2012 gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Can i still file taxes for 2012 TTY/TDD equipment. Can i still file taxes for 2012 If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and publications. Can i still file taxes for 2012 TeleTax topics. Can i still file taxes for 2012 Call 1-800-829-4477 to listen to pre-recorded messages covering various tax topics. Can i still file taxes for 2012 Refund information. Can i still file taxes for 2012 To check the status of your 2009 refund, call 1-800-829-1954 during business hours or 1-800-829-4477 (automated refund information 24 hours a day, 7 days a week). Can i still file taxes for 2012 Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. Can i still file taxes for 2012 If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). Can i still file taxes for 2012 Have your 2009 tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Can i still file taxes for 2012 Refunds are sent out weekly on Fridays. Can i still file taxes for 2012 If you check the status of your refund and are not given the date it will be issued, please wait until the next week before checking back. Can i still file taxes for 2012 Evaluating the quality of our telephone services. Can i still file taxes for 2012 To ensure IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. Can i still file taxes for 2012 One method is for a second IRS representative to listen in on or record random telephone calls. Can i still file taxes for 2012 Another is to ask some callers to complete a short survey at the end of the call. Can i still file taxes for 2012 Walk-in. Can i still file taxes for 2012 Many products and services are available on a walk-in basis. Can i still file taxes for 2012 Products. Can i still file taxes for 2012 You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Can i still file taxes for 2012 Some IRS offices, libraries, grocery stores, copy centers, city and county government offices, credit unions, and office supply stores have a collection of products available to print from a CD or photocopy from reproducible proofs. Can i still file taxes for 2012 Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. Can i still file taxes for 2012 Services. Can i still file taxes for 2012 You can walk in to your local Taxpayer Assistance Center every business day for personal, face-to-face tax help. Can i still file taxes for 2012 An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. Can i still file taxes for 2012 If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you are more comfortable talking with someone in person, visit your local Taxpayer Assistance Center where you can spread out your records and talk with an IRS representative face-to-face. Can i still file taxes for 2012 No appointment is necessary—just walk in. Can i still file taxes for 2012 If you prefer, you can call your local Center and leave a message requesting an appointment to resolve a tax account issue. Can i still file taxes for 2012 A representative will call you back within 2 business days to schedule an in-person appointment at your convenience. Can i still file taxes for 2012 If you have an ongoing, complex tax account problem or a special need, such as a disability, an appointment can be requested. Can i still file taxes for 2012 All other issues will be handled without an appointment. Can i still file taxes for 2012 To find the number of your local office, go to www. Can i still file taxes for 2012 irs. Can i still file taxes for 2012 gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Can i still file taxes for 2012 Mail. Can i still file taxes for 2012 You can send your order for forms, instructions, and publications to the address below. Can i still file taxes for 2012 You should receive a response within 10 days after your request is received. Can i still file taxes for 2012 Internal Revenue Service1201 N. Can i still file taxes for 2012 Mitsubishi MotorwayBloomington, IL 61705–6613 DVD for tax products. Can i still file taxes for 2012 You can order Publication 1796, IRS Tax Products DVD, and obtain: Current-year forms, instructions, and publications. Can i still file taxes for 2012 Prior-year forms, instructions, and publications. Can i still file taxes for 2012 Tax Map: an electronic research tool and finding aid. Can i still file taxes for 2012 Tax law frequently asked questions. Can i still file taxes for 2012 Tax Topics from the IRS telephone response system. Can i still file taxes for 2012 Internal Revenue Code—Title 26 of the U. Can i still file taxes for 2012 S. Can i still file taxes for 2012 Code. Can i still file taxes for 2012 Fill-in, print, and save features for most tax forms. Can i still file taxes for 2012 Internal Revenue Bulletins. Can i still file taxes for 2012 Toll-free and email technical support. Can i still file taxes for 2012 Two releases during the year. Can i still file taxes for 2012 – The first release will ship the beginning of January. Can i still file taxes for 2012 – The final release will ship the beginning of March. Can i still file taxes for 2012 Purchase the DVD from National Technical Information Service (NTIS) at www. Can i still file taxes for 2012 irs. Can i still file taxes for 2012 gov/cdorders for $30 (no handling fee) or call 1-877-CDFORMS (1-877-233-6767) toll free to buy the DVD for $30 (plus a $6 handling fee). Can i still file taxes for 2012 Small Business Administration The Small Business Administration (SBA) offers training and educational programs, counseling services, financial programs, and contract assistance for small business owners. Can i still file taxes for 2012 The SBA also has publications and videos on a variety of business topics. Can i still file taxes for 2012 The following briefly describes assistance provided by the SBA. Can i still file taxes for 2012 Small Business Development Centers (SBDCs). Can i still file taxes for 2012   SBDCs provide counseling, training, and technical services to current and prospective small business owners who cannot afford the services of a private consultant. Can i still file taxes for 2012 Help is available when beginning, improving, or expanding a small business. Can i still file taxes for 2012 Business Information Centers (BICs). Can i still file taxes for 2012   BICs offer a small business reference library, management video tapes, and computer technology to help plan a business. Can i still file taxes for 2012 BICs also offer one-on-one assistance. Can i still file taxes for 2012 Individuals who are in business or are interested in starting a business can use BICs as often as they wish at no charge. Can i still file taxes for 2012 Service Corps of Retired Executives (SCORE). Can i still file taxes for 2012   SCORE provides small business counseling and training to current and prospective small business owners. Can i still file taxes for 2012 SCORE is made up of current and former business people who offer their expertise and knowledge to help people start, manage, and expand a small business. Can i still file taxes for 2012 SCORE also offers a variety of small business workshops. Can i still file taxes for 2012    Internet. Can i still file taxes for 2012 You can visit the SBA website at www. Can i still file taxes for 2012 sba. Can i still file taxes for 2012 gov. Can i still file taxes for 2012 While visiting the SBA website, you can find a variety of information of interest to small business owners. Can i still file taxes for 2012    Phone. Can i still file taxes for 2012 Call the SBA Answer Desk at 1-800-UASK-SBA (1-800-827-5722) for general information about programs available to assist small business owners. Can i still file taxes for 2012    Walk-in. Can i still file taxes for 2012 You can walk in to a Small Business Development Center or Business Information Center to request assistance with your small business. Can i still file taxes for 2012 To find the location nearest you, visit the SBA website or call the SBA Answer Desk. Can i still file taxes for 2012 Other Federal Agencies Other federal agencies also publish publications and pamphlets to assist small businesses. Can i still file taxes for 2012 Most of these are available from the Superintendent of Documents at the Government Printing Office. Can i still file taxes for 2012 You can get information and order these publications and pamphlets in several ways. Can i still file taxes for 2012 Internet. Can i still file taxes for 2012 You can visit the GPO website at www. Can i still file taxes for 2012 access. Can i still file taxes for 2012 gpo. Can i still file taxes for 2012 gov. Can i still file taxes for 2012 Mail. Can i still file taxes for 2012 Write to the GPO at the following address. Can i still file taxes for 2012 Superintendent of DocumentsU. Can i still file taxes for 2012 S. Can i still file taxes for 2012 Government Printing OfficeP. Can i still file taxes for 2012 O. Can i still file taxes for 2012 Box 979050St. Can i still file taxes for 2012 Louis, MO 63917-9000 Phone. Can i still file taxes for 2012 Call the GPO toll-free at 1-866-512-1800 or at 202-512-1800 from the Washington, DC area. Can i still file taxes for 2012 Prev  Up  Next   Home   More Online Publications
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Filing Your Taxes

Last year, nearly 120 million taxpayers opted for the safest, fastest and easiest way to submit their individual tax returns — IRS e-file. Since 1990, taxpayers have e-filed more than 1 billion Form 1040 series tax returns safely and securely. With Free File, everyone can file Form 1040 series tax returns for free!

     
 

Do I Need to File?

 

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Page Last Reviewed or Updated: 06-Mar-2014

The Can I Still File Taxes For 2012

Can i still file taxes for 2012 3. Can i still file taxes for 2012   Savings Incentive Match Plans for Employees (SIMPLE) Table of Contents Introduction What Is a SIMPLE Plan?Eligible Employees How Are Contributions Made? How Much Can Be Contributed on Your Behalf?Matching contributions less than 3%. Can i still file taxes for 2012 Traditional IRA mistakenly moved to SIMPLE IRA. Can i still file taxes for 2012 When Can You Withdraw or Use Assets?Are Distributions Taxable? Introduction This chapter is for employees who need information about savings incentive match plans for employees (SIMPLE plans). Can i still file taxes for 2012 It explains what a SIMPLE plan is, contributions to a SIMPLE plan, and distributions from a SIMPLE plan. Can i still file taxes for 2012 Under a SIMPLE plan, SIMPLE retirement accounts for participating employees can be set up either as: Part of a 401(k) plan, or A plan using IRAs (SIMPLE IRA). Can i still file taxes for 2012 This chapter only discusses the SIMPLE plan rules that relate to SIMPLE IRAs. Can i still file taxes for 2012 See chapter 3 of Publication 560 for information on any special rules for SIMPLE plans that do not use IRAs. Can i still file taxes for 2012 If your employer maintains a SIMPLE plan, you must be notified, in writing, that you can choose the financial institution that will serve as trustee for your SIMPLE IRA and that you can roll over or transfer your SIMPLE IRA to another financial institution. Can i still file taxes for 2012 See Rollovers and Transfers Exception, later under When Can You Withdraw or Use Assets. Can i still file taxes for 2012 What Is a SIMPLE Plan? A SIMPLE plan is a tax-favored retirement plan that certain small employers (including self-employed individuals) can set up for the benefit of their employees. Can i still file taxes for 2012 See chapter 3 of Publication 560 for information on the requirements employers must satisfy to set up a SIMPLE plan. Can i still file taxes for 2012 A SIMPLE plan is a written agreement (salary reduction agreement) between you and your employer that allows you, if you are an eligible employee (including a self-employed individual), to choose to: Reduce your compensation (salary) by a certain percentage each pay period, and Have your employer contribute the salary reductions to a SIMPLE IRA on your behalf. Can i still file taxes for 2012 These contributions are called salary reduction contributions. Can i still file taxes for 2012 All contributions under a SIMPLE IRA plan must be made to SIMPLE IRAs, not to any other type of IRA. Can i still file taxes for 2012 The SIMPLE IRA can be an individual retirement account or an individual retirement annuity, described in chapter 1. Can i still file taxes for 2012 Contributions are made on behalf of eligible employees. Can i still file taxes for 2012 (See Eligible Employees below. Can i still file taxes for 2012 ) Contributions are also subject to various limits. Can i still file taxes for 2012 (See How Much Can Be Contributed on Your Behalf , later. Can i still file taxes for 2012 ) In addition to salary reduction contributions, your employer must make either matching contributions or nonelective contributions. Can i still file taxes for 2012 See How Are Contributions Made , later. Can i still file taxes for 2012 You may be able to claim a credit for contributions to your SIMPLE plan. Can i still file taxes for 2012 For more information, see chapter 4. Can i still file taxes for 2012 Eligible Employees You must be allowed to participate in your employer's SIMPLE plan if you: Received at least $5,000 in compensation from your employer during any 2 years prior to the current year, and Are reasonably expected to receive at least $5,000 in compensation during the calendar year for which contributions are made. Can i still file taxes for 2012 Self-employed individual. Can i still file taxes for 2012   For SIMPLE plan purposes, the term employee includes a self-employed individual who received earned income. Can i still file taxes for 2012 Excludable employees. Can i still file taxes for 2012   Your employer can exclude the following employees from participating in the SIMPLE plan. Can i still file taxes for 2012 Employees whose retirement benefits are covered by a collective bargaining agreement (union contract). Can i still file taxes for 2012 Employees who are nonresident aliens and received no earned income from sources within the United States. Can i still file taxes for 2012 Employees who would not have been eligible employees if an acquisition, disposition, or similar transaction had not occurred during the year. Can i still file taxes for 2012 Compensation. Can i still file taxes for 2012   For purposes of the SIMPLE plan rules, your compensation for a year generally includes the following amounts. Can i still file taxes for 2012 Wages, tips, and other pay from your employer that is subject to income tax withholding. Can i still file taxes for 2012 Deferred amounts elected under any 401(k) plans, 403(b) plans, government (section 457) plans, SEP plans, and SIMPLE plans. Can i still file taxes for 2012 Self-employed individual compensation. Can i still file taxes for 2012   For purposes of the SIMPLE plan rules, if you are self-employed, your compensation for a year is your net earnings from self-employment (Schedule SE (Form 1040), Section A, line 4, or Section B, line 6) before subtracting any contributions made to a SIMPLE IRA on your behalf. Can i still file taxes for 2012   For these purposes, net earnings from self-employment include services performed while claiming exemption from self-employment tax as a member of a group conscientiously opposed to social security benefits. Can i still file taxes for 2012 How Are Contributions Made? Contributions under a salary reduction agreement are called salary reduction contributions. Can i still file taxes for 2012 They are made on your behalf by your employer. Can i still file taxes for 2012 Your employer must also make either matching contributions or nonelective contributions. Can i still file taxes for 2012 Salary reduction contributions. Can i still file taxes for 2012   During the 60-day period before the beginning of any year, and during the 60-day period before you are eligible, you can choose salary reduction contributions expressed either as a percentage of compensation, or as a specific dollar amount (if your employer offers this choice). Can i still file taxes for 2012 You can choose to cancel the election at any time during the year. Can i still file taxes for 2012   Salary reduction contributions are also referred to as “elective deferrals. Can i still file taxes for 2012 ”   Your employer cannot place restrictions on the contributions amount (such as by limiting the contributions percentage), except to comply with the salary reduction contributions limit, discussed under How Much Can Be Contributed on Your Behalf, later. Can i still file taxes for 2012 Matching contributions. Can i still file taxes for 2012   Unless your employer chooses to make nonelective contributions, your employer must make contributions equal to the salary reduction contributions you choose (elect), but only up to certain limits. Can i still file taxes for 2012 See How Much Can Be Contributed on Your Behalf below. Can i still file taxes for 2012 These contributions are in addition to the salary reduction contributions and must be made to the SIMPLE IRAs of all eligible employees (defined earlier) who chose salary reductions. Can i still file taxes for 2012 These contributions are referred to as matching contributions. Can i still file taxes for 2012   Matching contributions on behalf of a self-employed individual are not treated as salary reduction contributions. Can i still file taxes for 2012 Nonelective contributions. Can i still file taxes for 2012   Instead of making matching contributions, your employer may be able to choose to make nonelective contributions on behalf of all eligible employees. Can i still file taxes for 2012 These nonelective contributions must be made on behalf of each eligible employee who has at least $5,000 of compensation from your employer, whether or not the employee chose salary reductions. Can i still file taxes for 2012   One of the requirements your employer must satisfy is notifying the employees that the election was made. Can i still file taxes for 2012 For other requirements that your employer must satisfy, see chapter 3 of Publication 560. Can i still file taxes for 2012 How Much Can Be Contributed on Your Behalf? The limits on contributions to a SIMPLE IRA vary with the type of contribution that is made. Can i still file taxes for 2012 Salary reduction contributions limit. Can i still file taxes for 2012   Salary reduction contributions (employee-chosen contributions or elective deferrals) that your employer can make on your behalf under a SIMPLE plan are limited to $12,000 for 2013. Can i still file taxes for 2012 The limitation remains at $12,000 for 2014. Can i still file taxes for 2012 If you are a participant in any other employer plans during 2013 and you have elective salary reductions or deferred compensation under those plans, the salary reduction contributions under the SIMPLE plan also are included in the annual limit of $17,500 for 2013 on exclusions of salary reductions and other elective deferrals. Can i still file taxes for 2012 You, not your employer, are responsible for monitoring compliance with these limits. Can i still file taxes for 2012 Additional elective deferrals can be contributed to your SIMPLE plan if: You reached age 50 by the end of 2013, and No other elective deferrals can be made for you to the plan for the year because of limits or restrictions, such as the regular annual limit. Can i still file taxes for 2012 The most that can be contributed in additional elective deferrals to your SIMPLE plan is the lesser of the following two amounts. Can i still file taxes for 2012 $2,500 for 2013, or Your compensation for the year reduced by your other elective deferrals for the year. Can i still file taxes for 2012 The additional deferrals are not subject to any other contribution limit and are not taken into account in applying other contribution limits. Can i still file taxes for 2012 The additional deferrals are not subject to the nondiscrimination rules as long as all eligible participants are allowed to make them. Can i still file taxes for 2012 Matching employer contributions limit. Can i still file taxes for 2012   Generally, your employer must make matching contributions to your SIMPLE IRA in an amount equal to your salary reduction contributions. Can i still file taxes for 2012 These matching contributions cannot be more than 3% of your compensation for the calendar year. Can i still file taxes for 2012 See Matching contributions less than 3% below. Can i still file taxes for 2012 Example 1. Can i still file taxes for 2012 In 2013, Joshua was a participant in his employer's SIMPLE plan. Can i still file taxes for 2012 His compensation, before SIMPLE plan contributions, was $41,600 ($800 per week). Can i still file taxes for 2012 Instead of taking it all in cash, Joshua elected to have 12. Can i still file taxes for 2012 5% of his weekly pay ($100) contributed to his SIMPLE IRA. Can i still file taxes for 2012 For the full year, Joshua's salary reduction contributions were $5,200, which is less than the $12,000 limit on these contributions. Can i still file taxes for 2012 Under the plan, Joshua's employer was required to make matching contributions to Joshua's SIMPLE IRA. Can i still file taxes for 2012 Because his employer's matching contributions must equal Joshua's salary reductions, but cannot be more than 3% of his compensation (before salary reductions) for the year, his employer's matching contribution was limited to $1,248 (3% of $41,600). Can i still file taxes for 2012 Example 2. Can i still file taxes for 2012 Assume the same facts as in Example 1 , except that Joshua's compensation for the year was $408,163 and he chose to have 2. Can i still file taxes for 2012 94% of his weekly pay contributed to his SIMPLE IRA. Can i still file taxes for 2012 In this example, Joshua's salary reduction contributions for the year (2. Can i still file taxes for 2012 94% × $408,163) were equal to the 2013 limit for salary reduction contributions ($12,000). Can i still file taxes for 2012 Because 3% of Joshua's compensation ($12,245) is more than the amount his employer was required to match ($12,000), his employer's matching contributions were limited to $12,000. Can i still file taxes for 2012 In this example, total contributions made on Joshua's behalf for the year were $24,000 ($12,000 (Joshua's contributions) + $12,000 (matching contributions)), the maximum contributions permitted under a SIMPLE IRA for 2013. Can i still file taxes for 2012 Matching contributions less than 3%. Can i still file taxes for 2012   Your employer can reduce the 3% limit on matching contributions for a calendar year, but only if: The limit is not reduced below 1%, The limit is not reduced for more than 2 years out of the 5-year period that ends with (and includes) the year for which the election is effective, and Employees are notified of the reduced limit within a reasonable period of time before the 60-day election period during which they can enter into salary reduction agreements. Can i still file taxes for 2012   For purposes of applying the rule in item (2) in determining whether the limit was reduced below 3% for the year, any year before the first year in which your employer (or a former employer) maintains a SIMPLE IRA plan will be treated as a year for which the limit was 3%. Can i still file taxes for 2012 If your employer chooses to make nonelective contributions for a year, that year also will be treated as a year for which the limit was 3%. Can i still file taxes for 2012 Nonelective employer contributions limit. Can i still file taxes for 2012   If your employer chooses to make nonelective contributions, instead of matching contributions, to each eligible employee's SIMPLE IRA, contributions must be 2% of your compensation for the entire year. Can i still file taxes for 2012 For 2013, only $255,000 of your compensation can be taken into account to figure the contribution limit. Can i still file taxes for 2012   Your employer can substitute the 2% nonelective contribution for the matching contribution for a year if both of the following requirements are met. Can i still file taxes for 2012 Eligible employees are notified that a 2% nonelective contribution will be made instead of a matching contribution. Can i still file taxes for 2012 This notice is provided within a reasonable period during which employees can enter into salary reduction agreements. Can i still file taxes for 2012 Example 3. Can i still file taxes for 2012 Assume the same facts as in Example 2 , except that Joshua's employer chose to make nonelective contributions instead of matching contributions. Can i still file taxes for 2012 Because his employer's nonelective contributions are limited to 2% of up to $255,000 of Joshua's compensation, his employer's contribution to Joshua's SIMPLE IRA was limited to $5,100. Can i still file taxes for 2012 In this example, total contributions made on Joshua's behalf for the year were $17,100 (Joshua's salary reductions of $12,000 plus his employer's contribution of $5,100). Can i still file taxes for 2012 Traditional IRA mistakenly moved to SIMPLE IRA. Can i still file taxes for 2012   If you mistakenly roll over or transfer an amount from a traditional IRA to a SIMPLE IRA, you can later recharacterize the amount as a contribution to another traditional IRA. Can i still file taxes for 2012 For more information, see Recharacterizations in chapter 1. Can i still file taxes for 2012 Recharacterizing employer contributions. Can i still file taxes for 2012   You cannot recharacterize employer contributions (including elective deferrals) under a SEP or SIMPLE plan as contributions to another IRA. Can i still file taxes for 2012 SEPs are discussed in chapter 2 of Publication 560. Can i still file taxes for 2012 SIMPLE plans are discussed in this chapter. Can i still file taxes for 2012 Converting from a SIMPLE IRA. Can i still file taxes for 2012   Generally, you can convert an amount in your SIMPLE IRA to a Roth IRA under the same rules explained in chapter 1 under Converting From Any Traditional IRA Into a Roth IRA . Can i still file taxes for 2012    However, you cannot convert any amount distributed from the SIMPLE IRA during the 2-year period beginning on the date you first participated in any SIMPLE IRA plan maintained by your employer. Can i still file taxes for 2012 When Can You Withdraw or Use Assets? Generally, the same distribution (withdrawal) rules that apply to traditional IRAs apply to SIMPLE IRAs. Can i still file taxes for 2012 These rules are discussed in chapter 1. Can i still file taxes for 2012 Your employer cannot restrict you from taking distributions from a SIMPLE IRA. Can i still file taxes for 2012 Are Distributions Taxable? Generally, distributions from a SIMPLE IRA are fully taxable as ordinary income. Can i still file taxes for 2012 If the distribution is an early distribution (discussed in chapter 1), it may be subject to the additional tax on early distributions. Can i still file taxes for 2012 See Additional Tax on Early Distributions, later. Can i still file taxes for 2012 Rollovers and Transfers Exception Generally, rollovers and trustee-to-trustee transfers are not taxable distributions. Can i still file taxes for 2012 Two-year rule. Can i still file taxes for 2012   To qualify as a tax-free rollover (or a tax-free trustee-to-trustee transfer), a rollover distribution (or a transfer) made from a SIMPLE IRA during the 2-year period beginning on the date on which you first participated in your employer's SIMPLE plan must be contributed (or transferred) to another SIMPLE IRA. Can i still file taxes for 2012 The 2-year period begins on the first day on which contributions made by your employer are deposited in your SIMPLE IRA. Can i still file taxes for 2012   After the 2-year period, amounts in a SIMPLE IRA can be rolled over or transferred tax free to an IRA other than a SIMPLE IRA, or to a qualified plan, a tax-sheltered annuity plan (section 403(b) plan), or deferred compensation plan of a state or local government (section 457 plan). Can i still file taxes for 2012 Additional Tax on Early Distributions The additional tax on early distributions (discussed in chapter 1) applies to SIMPLE IRAs. Can i still file taxes for 2012 If a distribution is an early distribution and occurs during the 2-year period following the date on which you first participated in your employer's SIMPLE plan, the additional tax on early distributions is increased from 10% to 25%. Can i still file taxes for 2012 If a rollover distribution (or transfer) from a SIMPLE IRA does not satisfy the 2-year rule, and is otherwise an early distribution, the additional tax imposed because of the early distribution is increased from 10% to 25% of the amount distributed. Can i still file taxes for 2012 Prev  Up  Next   Home   More Online Publications