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Federal Income Tax Forms 2012

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Federal Income Tax Forms 2012

Federal income tax forms 2012 2. Federal income tax forms 2012   Roth IRAs Table of Contents What's New for 2013 What's New for 2014 Reminders Introduction What Is a Roth IRA? When Can a Roth IRA Be Opened? Can You Contribute to a Roth IRA?How Much Can Be Contributed? When Can You Make Contributions? What if You Contribute Too Much? Can You Move Amounts Into a Roth IRA?Conversions Rollover From Employer's Plan Into a Roth IRA Military Death Gratuities and Servicemembers' Group Life Insurance (SGLI) Payments Rollover From a Roth IRA Rollover of Exxon Valdez Settlement Income Rollover of Airline Payments Are Distributions Taxable?What Are Qualified Distributions? Additional Tax on Early Distributions Ordering Rules for Distributions How Do You Figure the Taxable Part? Must You Withdraw or Use Assets?Minimum distributions. Federal income tax forms 2012 Recognizing Losses on Investments Distributions After Owner's Death What's New for 2013 Roth IRA contribution limit. Federal income tax forms 2012  If contributions on your behalf are made only to Roth IRAs, your contribution limit for 2013 will generally be the lesser of: $5,500, or Your taxable compensation for the year. Federal income tax forms 2012 If you were age 50 or older before 2014 and contributions on your behalf were made only to Roth IRAs, your contribution limit for 2013 will generally be the lesser of: $6,500, or Your taxable compensation for the year. Federal income tax forms 2012 However, if your modified adjusted gross income (AGI) is above a certain amount, your contribution limit may be reduced. Federal income tax forms 2012 For more information, see How Much Can Be Contributed? under Can You Contribute to a Roth IRA? in this chapter. Federal income tax forms 2012 Modified AGI limit for Roth IRA contributions increased. Federal income tax forms 2012  For 2013, your Roth IRA contribution limit is reduced (phased out) in the following situations. Federal income tax forms 2012 Your filing status is married filing jointly or qualifying widow(er) and your modified AGI is at least $178,000. Federal income tax forms 2012 You cannot make a Roth IRA contribution if your modified AGI is $188,000 or more. Federal income tax forms 2012 Your filing status is single, head of household, or married filing separately and you did not live with your spouse at any time in 2013 and your modified AGI is at least $112,000. Federal income tax forms 2012 You cannot make a Roth IRA contribution if your modified AGI is $127,000 or more. Federal income tax forms 2012 Your filing status is married filing separately, you lived with your spouse at any time during the year, and your modified AGI is more than -0-. Federal income tax forms 2012 You cannot make a Roth IRA contribution if your modified AGI is $10,000 or more. Federal income tax forms 2012 See Can You Contribute to a Roth IRA? in this chapter. Federal income tax forms 2012 Net Investment Income Tax. Federal income tax forms 2012  For purposes of the Net Investment Income Tax (NIIT), net investment income does not include distributions from a qualified retirement plan (for example, 401(a), 403(a), 403(b), 457(b) plans, and IRAs). Federal income tax forms 2012 However, these distributions are taken into account when determining the modified adjusted gross income threshold. Federal income tax forms 2012 Distributions from a nonqualified retirement plan are included in net investment income. Federal income tax forms 2012 See Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts, and its instructions for more information. Federal income tax forms 2012 What's New for 2014 Modified AGI limit for Roth IRA contributions increased. Federal income tax forms 2012  For 2014, your Roth IRA contribution limit is reduced (phased out) in the following situations. Federal income tax forms 2012 Your filing status is married filing jointly or qualifying widow(er) and your modified AGI is at least $181,000. Federal income tax forms 2012 You cannot make a Roth IRA contribution if your modified AGI is $191,000 or more. Federal income tax forms 2012 Your filing status is single, head of household, or married filing separately and you did not live with your spouse at any time in 2014 and your modified AGI is at least $114,000. Federal income tax forms 2012 You cannot make a Roth IRA contribution if your modified AGI is $129,000 or more. Federal income tax forms 2012 Your filing status is married filing separately, you lived with your spouse at any time during the year, and your modified AGI is more than -0-. Federal income tax forms 2012 You cannot make a Roth IRA contribution if your modified AGI is $10,000 or more. Federal income tax forms 2012 Reminders Deemed IRAs. Federal income tax forms 2012  For plan years beginning after 2002, a qualified employer plan (retirement plan) can maintain a separate account or annuity under the plan (a deemed IRA) to receive voluntary employee contributions. Federal income tax forms 2012 If the separate account or annuity otherwise meets the requirements of an IRA, it will be subject only to IRA rules. Federal income tax forms 2012 An employee's account can be treated as a traditional IRA or a Roth IRA. Federal income tax forms 2012 For this purpose, a “qualified employer plan” includes: A qualified pension, profit-sharing, or stock bonus plan (section 401(a) plan), A qualified employee annuity plan (section 403(a) plan), A tax-sheltered annuity plan (section 403(b) plan), and A deferred compensation plan (section 457 plan) maintained by a state, a political subdivision of a state, or an agency or instrumentality of a state or political subdivision of a state. Federal income tax forms 2012 Designated Roth accounts. Federal income tax forms 2012  Designated Roth accounts are separate accounts under 401(k), 403(b), or 457(b) plans that accept elective deferrals that are referred to as Roth contributions. Federal income tax forms 2012 These elective deferrals are included in your income, but qualified distributions from these accounts are not included in your income. Federal income tax forms 2012 Designated Roth accounts are not IRAs and should not be confused with Roth IRAs. Federal income tax forms 2012 Contributions, up to their respective limits, can be made to Roth IRAs and designated Roth accounts according to your eligibility to participate. Federal income tax forms 2012 A contribution to one does not impact your eligibility to contribute to the other. Federal income tax forms 2012 See Publication 575, for more information on designated Roth accounts. Federal income tax forms 2012 Introduction Regardless of your age, you may be able to establish and make nondeductible contributions to an individual retirement plan called a Roth IRA. Federal income tax forms 2012 Contributions not reported. Federal income tax forms 2012   You do not report Roth IRA contributions on your return. Federal income tax forms 2012 What Is a Roth IRA? A Roth IRA is an individual retirement plan that, except as explained in this chapter, is subject to the rules that apply to a traditional IRA (defined next). Federal income tax forms 2012 It can be either an account or an annuity. Federal income tax forms 2012 Individual retirement accounts and annuities are described in chapter 1 under How Can a Traditional IRA Be Opened. Federal income tax forms 2012 To be a Roth IRA, the account or annuity must be designated as a Roth IRA when it is opened. Federal income tax forms 2012 A deemed IRA can be a Roth IRA, but neither a SEP IRA nor a SIMPLE IRA can be designated as a Roth IRA. Federal income tax forms 2012 Unlike a traditional IRA, you cannot deduct contributions to a Roth IRA. Federal income tax forms 2012 But, if you satisfy the requirements, qualified distributions (discussed later) are tax free. Federal income tax forms 2012 Contributions can be made to your Roth IRA after you reach age 70½ and you can leave amounts in your Roth IRA as long as you live. Federal income tax forms 2012 Traditional IRA. Federal income tax forms 2012   A traditional IRA is any IRA that is not a Roth IRA or SIMPLE IRA. Federal income tax forms 2012 Traditional IRAs are discussed in chapter 1. Federal income tax forms 2012 When Can a Roth IRA Be Opened? You can open a Roth IRA at any time. Federal income tax forms 2012 However, the time for making contributions for any year is limited. Federal income tax forms 2012 See When Can You Make Contributions , later under Can You Contribute to a Roth IRA. Federal income tax forms 2012 Can You Contribute to a Roth IRA? Generally, you can contribute to a Roth IRA if you have taxable compensation (defined later) and your modified AGI (defined later) is less than: $188,000 for married filing jointly or qualifying widow(er), $127,000 for single, head of household, or married filing separately and you did not live with your spouse at any time during the year, and $10,000 for married filing separately and you lived with your spouse at any time during the year. Federal income tax forms 2012 You may be able to claim a credit for contributions to your Roth IRA. Federal income tax forms 2012 For more information, see chapter 4. Federal income tax forms 2012 Is there an age limit for contributions?   Contributions can be made to your Roth IRA regardless of your age. Federal income tax forms 2012 Can you contribute to a Roth IRA for your spouse?   You can contribute to a Roth IRA for your spouse provided the contributions satisfy the Kay Bailey Hutchison Spousal IRA limit discussed in chapter 1 under How Much Can Be Contributed, you file jointly, and your modified AGI is less than $188,000. Federal income tax forms 2012 Compensation. Federal income tax forms 2012   Compensation includes wages, salaries, tips, professional fees, bonuses, and other amounts received for providing personal services. Federal income tax forms 2012 It also includes commissions, self-employment income, nontaxable combat pay, military differential pay, and taxable alimony and separate maintenance payments. Federal income tax forms 2012 For more information, see What Is Compensation? under Who Can Open a Traditional IRA? in chapter 1. Federal income tax forms 2012 Modified AGI. Federal income tax forms 2012   Your modified AGI for Roth IRA purposes is your adjusted gross income (AGI) as shown on your return with some adjustments. Federal income tax forms 2012 Use Worksheet 2-1 , later, to determine your modified AGI. Federal income tax forms 2012    Do not subtract conversion income when figuring your other AGI-based phaseouts and taxable income, such as your deduction for medical and dental expenses. Federal income tax forms 2012 Subtract them from AGI only for the purpose of figuring your modified AGI for Roth IRA purposes. Federal income tax forms 2012 How Much Can Be Contributed? The contribution limit for Roth IRAs generally depends on whether contributions are made only to Roth IRAs or to both traditional IRAs and Roth IRAs. Federal income tax forms 2012 Worksheet 2-1. Federal income tax forms 2012 Modified Adjusted Gross Income for Roth IRA Purposes Use this worksheet to figure your modified adjusted gross income for Roth IRA purposes. Federal income tax forms 2012 1. Federal income tax forms 2012 Enter your adjusted gross income from Form 1040, line 38; Form 1040A, line 22; or Form 1040NR, line 37 1. Federal income tax forms 2012   2. Federal income tax forms 2012 Enter any income resulting from the conversion of an IRA (other than a Roth IRA) to a Roth IRA (included on Form 1040, line 15b, Form 1040A, line 11b, or Form 1040NR, line 16b) and a rollover from a qualified retirement plan to a Roth IRA (included on Form 1040, line 16b, Form 1040A, line 12b, or Form 1040NR, line 17b) 2. Federal income tax forms 2012   3. Federal income tax forms 2012 Subtract line 2 from line 1 3. Federal income tax forms 2012   4. Federal income tax forms 2012 Enter any traditional IRA deduction from Form 1040, line 32; Form 1040A, line 17; or Form 1040NR, line 32 4. Federal income tax forms 2012   5. Federal income tax forms 2012 Enter any student loan interest deduction from Form 1040, line 33; Form 1040A, line 18; or Form 1040NR, line 33 5. Federal income tax forms 2012   6. Federal income tax forms 2012 Enter any tuition and fees deduction from Form 1040, line 34, or Form 1040A, line 19 6. Federal income tax forms 2012   7. Federal income tax forms 2012 Enter any domestic production activities deduction from Form 1040, line 35, or Form 1040NR, line 34 7. Federal income tax forms 2012   8. Federal income tax forms 2012 Enter any foreign earned income exclusion and/or housing exclusion from Form 2555, line 45, or Form 2555-EZ, line 18 8. Federal income tax forms 2012   9. Federal income tax forms 2012 Enter any foreign housing deduction from Form 2555, line 50 9. Federal income tax forms 2012   10. Federal income tax forms 2012 Enter any excludable qualified savings bond interest from Form 8815, line 14 10. Federal income tax forms 2012   11. Federal income tax forms 2012 Enter any excluded employer-provided adoption benefits from Form 8839, line 28 11. Federal income tax forms 2012   12. Federal income tax forms 2012 Add the amounts on lines 3 through 11 12. Federal income tax forms 2012   13. Federal income tax forms 2012 Enter: $188,000 if married filing jointly or qualifying widow(er), $10,000 if married filing separately and you lived with your spouse at any time during the year, or $127,000 for all others 13. Federal income tax forms 2012   Is the amount on line 12 more than the amount on line 13? If yes, see the note below. Federal income tax forms 2012  If no, the amount on line 12 is your modified adjusted gross income for Roth IRA purposes. Federal income tax forms 2012       Note. Federal income tax forms 2012 If the amount on line 12 is more than the amount on line 13 and you have other income or loss items, such as social security income or passive activity losses, that are subject to AGI-based phaseouts, you can refigure your AGI solely for the purpose of figuring your modified AGI for Roth IRA purposes. Federal income tax forms 2012 (If you receive social security benefits, use Worksheet 1 in Appendix B to refigure your AGI. Federal income tax forms 2012 ) Then go to line 3 above in this Worksheet 2-1 to refigure your modified AGI. Federal income tax forms 2012 If you do not have other income or loss items subject to AGI-based phaseouts, your modified adjusted gross income for Roth IRA purposes is the amount on line 12 above. Federal income tax forms 2012 Roth IRAs only. Federal income tax forms 2012   If contributions are made only to Roth IRAs, your contribution limit generally is the lesser of: $5,500 ($6,500 if you are age 50 or older), or Your taxable compensation. Federal income tax forms 2012   However, if your modified AGI is above a certain amount, your contribution limit may be reduced, as explained later under Contribution limit reduced . Federal income tax forms 2012 Roth IRAs and traditional IRAs. Federal income tax forms 2012   If contributions are made to both Roth IRAs and traditional IRAs established for your benefit, your contribution limit for Roth IRAs generally is the same as your limit would be if contributions were made only to Roth IRAs, but then reduced by all contributions for the year to all IRAs other than Roth IRAs. Federal income tax forms 2012 Employer contributions under a SEP or SIMPLE IRA plan do not affect this limit. Federal income tax forms 2012   This means that your contribution limit is the lesser of: $5,500 ($6,500 if you are age 50 or older) minus all contributions (other than employer contributions under a SEP or SIMPLE IRA plan) for the year to all IRAs other than Roth IRAs, or Your taxable compensation minus all contributions (other than employer contributions under a SEP or SIMPLE IRA plan) for the year to all IRAs other than Roth IRAs. Federal income tax forms 2012   However, if your modified AGI is above a certain amount, your contribution limit may be reduced, as explained below under Contribution limit reduced . Federal income tax forms 2012   Simplified employee pensions (SEPs) are discussed in Publication 560. Federal income tax forms 2012 Savings incentive match plans for employees (SIMPLEs) are discussed in chapter 3. Federal income tax forms 2012 Repayment of reservist distributions. Federal income tax forms 2012   You can repay qualified reservist distributions even if the repayments would cause your total contributions to the Roth IRA to be more than the general limit on contributions. Federal income tax forms 2012 However, the total repayments cannot be more than the amount of your distribution. Federal income tax forms 2012 Note. Federal income tax forms 2012 If you make repayments of qualified reservist distributions to a Roth IRA, increase your basis in the Roth IRA by the amount of the repayment. Federal income tax forms 2012 For more information, see Qualified reservist repayments under How Much Can Be Contributed? in chapter 1. Federal income tax forms 2012 Contribution limit reduced. Federal income tax forms 2012   If your modified AGI is above a certain amount, your contribution limit is gradually reduced. Federal income tax forms 2012 Use Table 2-1, later, to determine if this reduction applies to you. Federal income tax forms 2012 Table 2-1. Federal income tax forms 2012 Effect of Modified AGI on Roth IRA Contribution This table shows whether your contribution to a Roth IRA is affected by the amount of your modified adjusted gross income (modified AGI). Federal income tax forms 2012 IF you have taxable compensation and your filing status is . Federal income tax forms 2012 . Federal income tax forms 2012 . Federal income tax forms 2012 AND your modified AGI is . Federal income tax forms 2012 . Federal income tax forms 2012 . Federal income tax forms 2012 THEN . Federal income tax forms 2012 . Federal income tax forms 2012 . Federal income tax forms 2012 married filing jointly or  qualifying widow(er) less than $178,000 you can contribute up to $5,500 ($6,500 if you are age 50 or older) as explained under How Much Can Be Contributed . Federal income tax forms 2012 at least $178,000 but less than $188,000 the amount you can contribute is reduced as explained under Contribution limit reduced . Federal income tax forms 2012 $188,000 or more you cannot contribute to a Roth IRA. Federal income tax forms 2012 married filing separately and you lived with your spouse at any time during the year zero (-0-) you can contribute up to $5,500 ($6,500 if you are age 50 or older) as explained under How Much Can Be Contributed . Federal income tax forms 2012 more than zero (-0-) but less than $10,000 the amount you can contribute is reduced as explained under Contribution limit reduced . Federal income tax forms 2012 $10,000 or more you cannot contribute to a Roth IRA. Federal income tax forms 2012 single, head of household,  or married filing separately and you did not live with your spouse at any time during the year less than $112,000 you can contribute up to $5,500 ($6,500 if you are age 50 or older) as explained under How Much Can Be Contributed . Federal income tax forms 2012 at least $112,000 but less than $127,000 the amount you can contribute is reduced as explained under Contribution limit reduced . Federal income tax forms 2012 $127,000 or more you cannot contribute to a Roth IRA. Federal income tax forms 2012 Figuring the reduction. Federal income tax forms 2012   If the amount you can contribute must be reduced, use Worksheet 2-2, later, to figure your reduced contribution limit. Federal income tax forms 2012 Worksheet 2-2. Federal income tax forms 2012 Determining Your Reduced Roth IRA Contribution Limit Before using this worksheet, check Table 2-1, earlier, to determine whether or not your Roth IRA contribution limit is reduced. Federal income tax forms 2012 If it is, use this worksheet to determine how much it is reduced. Federal income tax forms 2012 1. Federal income tax forms 2012 Enter your modified AGI for Roth IRA purposes (Worksheet 2-1, line 12) 1. Federal income tax forms 2012   2. Federal income tax forms 2012 Enter: $178,000 if filing a joint return or qualifying widow(er), $-0- if married filing a separate return and you lived with your spouse at any time in 2013, or $112,000 for all others 2. Federal income tax forms 2012   3. Federal income tax forms 2012 Subtract line 2 from line 1 3. Federal income tax forms 2012   4. Federal income tax forms 2012 Enter: $10,000 if filing a joint return or qualifying widow(er) or married filing a separate return and you lived with your spouse at any time during the year, or $15,000 for all others 4. Federal income tax forms 2012   5. Federal income tax forms 2012 Divide line 3 by line 4 and enter the result as a decimal (rounded to at least three places). Federal income tax forms 2012 If the result is 1. Federal income tax forms 2012 000 or more, enter 1. Federal income tax forms 2012 000 5. Federal income tax forms 2012   6. Federal income tax forms 2012 Enter the lesser of: $5,500 ($6,500 if you are age 50 or older), or Your taxable compensation 6. Federal income tax forms 2012   7. Federal income tax forms 2012 Multiply line 5 by line 6 7. Federal income tax forms 2012   8. Federal income tax forms 2012 Subtract line 7 from line 6. Federal income tax forms 2012 Round the result up to the nearest $10. Federal income tax forms 2012 If the result is less than $200, enter $200 8. Federal income tax forms 2012   9. Federal income tax forms 2012 Enter contributions for the year to other IRAs 9. Federal income tax forms 2012   10. Federal income tax forms 2012 Subtract line 9 from line 6 10. Federal income tax forms 2012   11. Federal income tax forms 2012 Enter the lesser of line 8 or line 10. Federal income tax forms 2012 This is your reduced Roth IRA contribution limit 11. Federal income tax forms 2012      Round your reduced contribution limit up to the nearest $10. Federal income tax forms 2012 If your reduced contribution limit is more than $0, but less than $200, increase the limit to $200. Federal income tax forms 2012 Example. Federal income tax forms 2012 You are a 45-year-old, single individual with taxable compensation of $113,000. Federal income tax forms 2012 You want to make the maximum allowable contribution to your Roth IRA for 2013. Federal income tax forms 2012 Your modified AGI for 2013 is $113,000. Federal income tax forms 2012 You have not contributed to any traditional IRA, so the maximum contribution limit before the modified AGI reduction is $5,500. Federal income tax forms 2012 You figure your reduced Roth IRA contribution of $5,140 as shown on Worksheet 2-2. Federal income tax forms 2012 Example—Illustrated, later. Federal income tax forms 2012   Worksheet 2-2. Federal income tax forms 2012 Example—Illustrated Before using this worksheet, check Table 2-1, earlier, to determine whether or not your Roth IRA contribution limit is reduced. Federal income tax forms 2012 If it is, use this worksheet to determine how much it is reduced. Federal income tax forms 2012 1. Federal income tax forms 2012 Enter your modified AGI for Roth IRA purposes (Worksheet 2-1, line 12) 1. Federal income tax forms 2012 113,000 2. Federal income tax forms 2012 Enter: $178,000 if filing a joint return or qualifying widow(er), $-0- if married filing a separate return and you lived with your spouse at any time in 2013, or $112,000 for all others 2. Federal income tax forms 2012 112,000 3. Federal income tax forms 2012 Subtract line 2 from line 1 3. Federal income tax forms 2012 1,000 4. Federal income tax forms 2012 Enter: $10,000 if filing a joint return or qualifying widow(er) or married filing a separate return and you lived with your spouse at any time during the year, or $15,000 for all others 4. Federal income tax forms 2012 15,000 5. Federal income tax forms 2012 Divide line 3 by line 4 and enter the result as a decimal (rounded to at least three places). Federal income tax forms 2012 If the result is 1. Federal income tax forms 2012 000 or more, enter 1. Federal income tax forms 2012 000 5. Federal income tax forms 2012 . Federal income tax forms 2012 067 6. Federal income tax forms 2012 Enter the lesser of: $5,500 ($6,500 if you are age 50 or older), or Your taxable compensation 6. Federal income tax forms 2012 5,500 7. Federal income tax forms 2012 Multiply line 5 by line 6 7. Federal income tax forms 2012 369 8. Federal income tax forms 2012 Subtract line 7 from line 6. Federal income tax forms 2012 Round the result up to the nearest $10. Federal income tax forms 2012 If the result is less than $200, enter $200 8. Federal income tax forms 2012 5,140 9. Federal income tax forms 2012 Enter contributions for the year to other IRAs 9. Federal income tax forms 2012 0 10. Federal income tax forms 2012 Subtract line 9 from line 6 10. Federal income tax forms 2012 5,500 11. Federal income tax forms 2012 Enter the lesser of line 8 or line 10. Federal income tax forms 2012 This is your reduced Roth IRA contribution limit 11. Federal income tax forms 2012 5,140 When Can You Make Contributions? You can make contributions to a Roth IRA for a year at any time during the year or by the due date of your return for that year (not including extensions). Federal income tax forms 2012 You can make contributions for 2013 by the due date (not including extensions) for filing your 2013 tax return. Federal income tax forms 2012 This means that most people can make contributions for 2013 by April 15, 2014. Federal income tax forms 2012 What if You Contribute Too Much? A 6% excise tax applies to any excess contribution to a Roth IRA. Federal income tax forms 2012 Excess contributions. Federal income tax forms 2012   These are the contributions to your Roth IRAs for a year that equal the total of: Amounts contributed for the tax year to your Roth IRAs (other than amounts properly and timely rolled over from a Roth IRA or properly converted from a traditional IRA or rolled over from a qualified retirement plan, as described later) that are more than your contribution limit for the year (explained earlier under How Much Can Be Contributed? ), plus Any excess contributions for the preceding year, reduced by the total of: Any distributions out of your Roth IRAs for the year, plus Your contribution limit for the year minus your contributions to all your IRAs for the year. Federal income tax forms 2012 Withdrawal of excess contributions. Federal income tax forms 2012   For purposes of determining excess contributions, any contribution that is withdrawn on or before the due date (including extensions) for filing your tax return for the year is treated as an amount not contributed. Federal income tax forms 2012 This treatment only applies if any earnings on the contributions are also withdrawn. Federal income tax forms 2012 The earnings are considered earned and received in the year the excess contribution was made. Federal income tax forms 2012   If you timely filed your 2013 tax return without withdrawing a contribution that you made in 2013, you can still have the contribution returned to you within 6 months of the due date of your 2013 tax return, excluding extensions. Federal income tax forms 2012 If you do, file an amended return with “Filed pursuant to section 301. Federal income tax forms 2012 9100-2” written at the top. Federal income tax forms 2012 Report any related earnings on the amended return and include an explanation of the withdrawal. Federal income tax forms 2012 Make any other necessary changes on the amended return. Federal income tax forms 2012 Applying excess contributions. Federal income tax forms 2012    If contributions to your Roth IRA for a year were more than the limit, you can apply the excess contribution in one year to a later year if the contributions for that later year are less than the maximum allowed for that year. Federal income tax forms 2012 Can You Move Amounts Into a Roth IRA? You may be able to convert amounts from either a traditional, SEP, or SIMPLE IRA into a Roth IRA. Federal income tax forms 2012 You may be able to roll over amounts from a qualified retirement plan to a Roth IRA. Federal income tax forms 2012 You may be able to recharacterize contributions made to one IRA as having been made directly to a different IRA. Federal income tax forms 2012 You can roll amounts over from a designated Roth account or from one Roth IRA to another Roth IRA. Federal income tax forms 2012 Conversions You can convert a traditional IRA to a Roth IRA. Federal income tax forms 2012 The conversion is treated as a rollover, regardless of the conversion method used. Federal income tax forms 2012 Most of the rules for rollovers, described in chapter 1 under Rollover From One IRA Into Another , apply to these rollovers. Federal income tax forms 2012 However, the 1-year waiting period does not apply. Federal income tax forms 2012 Conversion methods. Federal income tax forms 2012   You can convert amounts from a traditional IRA to a Roth IRA in any of the following three ways. Federal income tax forms 2012 Rollover. Federal income tax forms 2012 You can receive a distribution from a traditional IRA and roll it over (contribute it) to a Roth IRA within 60 days after the distribution. Federal income tax forms 2012 Trustee-to-trustee transfer. Federal income tax forms 2012 You can direct the trustee of the traditional IRA to transfer an amount from the traditional IRA to the trustee of the Roth IRA. Federal income tax forms 2012 Same trustee transfer. Federal income tax forms 2012 If the trustee of the traditional IRA also maintains the Roth IRA, you can direct the trustee to transfer an amount from the traditional IRA to the Roth IRA. Federal income tax forms 2012 Same trustee. Federal income tax forms 2012   Conversions made with the same trustee can be made by redesignating the traditional IRA as a Roth IRA, rather than opening a new account or issuing a new contract. Federal income tax forms 2012 Income. Federal income tax forms 2012   You must include in your gross income distributions from a traditional IRA that you would have had to include in income if you had not converted them into a Roth IRA. Federal income tax forms 2012 These amounts are normally included in income on your return for the year that you converted them from a traditional IRA to a Roth IRA. Federal income tax forms 2012 If you must include any amount in your gross income, you may have to increase your withholding or make estimated tax payments. Federal income tax forms 2012 See Publication 505, Tax Withholding and Estimated Tax. Federal income tax forms 2012 More information. Federal income tax forms 2012   For more information on conversions, see Converting From Any Traditional IRA Into a Roth IRA in chapter 1. Federal income tax forms 2012 Rollover From Employer's Plan Into a Roth IRA You can roll over into a Roth IRA all or part of an eligible rollover distribution you receive from your (or your deceased spouse's): Employer's qualified pension, profit-sharing, or stock bonus plan (including a 401(k) plan); Annuity plan; Tax-sheltered annuity plan (section 403(b) plan); or Governmental deferred compensation plan (section 457 plan). Federal income tax forms 2012 Any amount rolled over is subject to the same rules for converting a traditional IRA into a Roth IRA. Federal income tax forms 2012 See Converting From Any Traditional IRA Into a Roth IRA in chapter 1. Federal income tax forms 2012 Also, the rollover contribution must meet the rollover requirements that apply to the specific type of retirement plan. Federal income tax forms 2012 Rollover methods. Federal income tax forms 2012   You can roll over amounts from a qualified retirement plan to a Roth IRA in one of the following ways. Federal income tax forms 2012 Rollover. Federal income tax forms 2012 You can receive a distribution from a qualified retirement plan and roll it over (contribute) to a Roth IRA within 60 days after the distribution. Federal income tax forms 2012 Since the distribution is paid directly to you, the payer generally must withhold 20% of it. Federal income tax forms 2012 Direct rollover option. Federal income tax forms 2012 Your employer's qualified plan must give you the option to have any part of an eligible rollover distribution paid directly to a Roth IRA. Federal income tax forms 2012 Generally, no tax is withheld from any part of the designated distribution that is directly paid to the trustee of the Roth IRA. Federal income tax forms 2012 Rollover by nonspouse beneficiary. Federal income tax forms 2012   If you are a designated beneficiary (other than a surviving spouse) of a deceased employee, you can roll over all or part of an eligible rollover distribution from one of the types of plans listed above into a Roth IRA. Federal income tax forms 2012 You must make the rollover by a direct trustee-to-trustee transfer into an inherited Roth IRA. Federal income tax forms 2012   You will determine your required minimum distributions in years after you make the rollover based on whether the employee died before his or her required beginning date for taking distributions from the plan. Federal income tax forms 2012 For more information, see Distributions after the employee’s death under Tax on Excess Accumulation in Publication 575. Federal income tax forms 2012 Income. Federal income tax forms 2012   You must include in your gross income distributions from a qualified retirement plan that you would have had to include in income if you had not rolled them over into a Roth IRA. Federal income tax forms 2012 You do not include in gross income any part of a distribution from a qualified retirement plan that is a return of contributions (after-tax contributions) to the plan that were taxable to you when paid. Federal income tax forms 2012 These amounts are normally included in income on your return for the year of the rollover from the qualified employer plan to a Roth IRA. Federal income tax forms 2012 If you must include any amount in your gross income, you may have to increase your withholding or make estimated tax payments. Federal income tax forms 2012 See Publication 505, Tax Withholding and Estimated Tax. Federal income tax forms 2012 For more information on eligible rollover distributions from qualified retirement plans and withholding, see Rollover From Employer's Plan Into an IRA in chapter 1. Federal income tax forms 2012 Military Death Gratuities and Servicemembers' Group Life Insurance (SGLI) Payments If you received a military death gratuity or SGLI payment with respect to a death from injury that occurred after October 6, 2001, you can contribute (roll over) all or part of the amount received to your Roth IRA. Federal income tax forms 2012 The contribution is treated as a qualified rollover contribution. Federal income tax forms 2012 The amount you can roll over to your Roth IRA cannot exceed the total amount that you received reduced by any part of that amount that was contributed to a Coverdell ESA or another Roth IRA. Federal income tax forms 2012 Any military death gratuity or SGLI payment contributed to a Roth IRA is disregarded for purposes of the 1-year waiting period between rollovers. Federal income tax forms 2012 The rollover must be completed before the end of the 1-year period beginning on the date you received the payment. Federal income tax forms 2012 The amount contributed to your Roth IRA is treated as part of your cost basis (investment in the contract) in the Roth IRA that is not taxable when distributed. Federal income tax forms 2012 Rollover From a Roth IRA You can withdraw, tax free, all or part of the assets from one Roth IRA if you contribute them within 60 days to another Roth IRA. Federal income tax forms 2012 Most of the rules for rollovers, described in chapter 1 under Rollover From One IRA Into Another , apply to these rollovers. Federal income tax forms 2012 However, rollovers from retirement plans other than Roth IRAs are disregarded for purposes of the 1-year waiting period between rollovers. Federal income tax forms 2012 A rollover from a Roth IRA to an employer retirement plan is not allowed. Federal income tax forms 2012 A rollover from a designated Roth account can only be made to another designated Roth account or to a Roth IRA. Federal income tax forms 2012 If you roll over an amount from one Roth IRA to another Roth IRA, the 5-year period used to determine qualified distributions does not change. Federal income tax forms 2012 The 5-year period begins with the first taxable year for which the contribution was made to the initial Roth IRA. Federal income tax forms 2012 See What are Qualified Distributions , later. Federal income tax forms 2012 Rollover of Exxon Valdez Settlement Income If you are a qualified taxpayer (defined in chapter 1, earlier) and you received qualified settlement income (defined in chapter 1, earlier), you can contribute all or part of the amount received to an eligible retirement plan which includes a Roth IRA. Federal income tax forms 2012 The rules for contributing qualified settlement income to a Roth IRA are the same as the rules for contributing qualified settlement income to a traditional IRA with the following exception. Federal income tax forms 2012 Qualified settlement income that is contributed to a Roth IRA, or to a designated Roth account, will be: Included in your taxable income for the year the qualified settlement income was received, and Treated as part of your cost basis (investment in the contract) in the Roth IRA that is not taxable when distributed. Federal income tax forms 2012 For more information, see Rollover of Exxon Valdez Settlement Income in chapter 1. Federal income tax forms 2012 Rollover of Airline Payments If you are a qualified airline employee (defined next), you may contribute any portion of an airline payment (defined below) you receive to a Roth IRA. Federal income tax forms 2012 The contribution must be made within 180 days from the date you received the payment. Federal income tax forms 2012 The contribution will be treated as a qualified rollover contribution. Federal income tax forms 2012 The rollover contribution is included in income to the extent it would be included in income if it were not part of the rollover contribution. Federal income tax forms 2012 Also, any reduction in the airline payment amount on account of employment taxes shall be disregarded when figuring the amount you can contribute to your Roth IRA. Federal income tax forms 2012 Qualified airline employee. Federal income tax forms 2012    A current or former employee of a commercial airline carrier who was a participant in a qualified defined benefit plan maintained by the carrier which was terminated or became subject to restrictions under Section 402(b) of the Pension Protection Act of 2006. Federal income tax forms 2012 These provisions also apply to surviving spouses of qualified airline employees. Federal income tax forms 2012 Airline payment. Federal income tax forms 2012    An airline payment is any payment of money or other property that is paid to a qualified airline employee from a commercial airline carrier. Federal income tax forms 2012 The payment also must be made both: Under the approval of an order of federal bankruptcy court in a case filed after September 11, 2001, and before January 1, 2007, and In respect of the qualified airline employee’s interest in a bankruptcy claim against the airline carrier, any note of the carrier (or amount paid in lieu of a note being issued), or any other fixed obligation of the carrier to pay a lump sum amount. Federal income tax forms 2012 Any reduction in the airline payment amount on account of employment taxes shall be disregarded when figuring the amount you can roll over to your traditional IRA. Federal income tax forms 2012 Also, an airline payment shall not include any amount payable on the basis of the airline carrier’s future earnings or profits. Federal income tax forms 2012 Are Distributions Taxable? You do not include in your gross income qualified distributions or distributions that are a return of your regular contributions from your Roth IRA(s). Federal income tax forms 2012 You also do not include distributions from your Roth IRA that you roll over tax free into another Roth IRA. Federal income tax forms 2012 You may have to include part of other distributions in your income. Federal income tax forms 2012 See Ordering Rules for Distributions , later. Federal income tax forms 2012 Basis of distributed property. Federal income tax forms 2012   The basis of property distributed from a Roth IRA is its fair market value (FMV) on the date of distribution, whether or not the distribution is a qualified distribution. Federal income tax forms 2012 Withdrawals of contributions by due date. Federal income tax forms 2012   If you withdraw contributions (including any net earnings on the contributions) by the due date of your return for the year in which you made the contribution, the contributions are treated as if you never made them. Federal income tax forms 2012 If you have an extension of time to file your return, you can withdraw the contributions and earnings by the extended due date. Federal income tax forms 2012 The withdrawal of contributions is tax free, but you must include the earnings on the contributions in income for the year in which you made the contributions. Federal income tax forms 2012 What Are Qualified Distributions? A qualified distribution is any payment or distribution from your Roth IRA that meets the following requirements. Federal income tax forms 2012 It is made after the 5-year period beginning with the first taxable year for which a contribution was made to a Roth IRA set up for your benefit, and The payment or distribution is: Made on or after the date you reach age 59½, Made because you are disabled (defined earlier), Made to a beneficiary or to your estate after your death, or One that meets the requirements listed under First home under Exceptions in chapter 1 (up to a $10,000 lifetime limit). Federal income tax forms 2012 Additional Tax on Early Distributions If you receive a distribution that is not a qualified distribution, you may have to pay the 10% additional tax on early distributions as explained in the following paragraphs. Federal income tax forms 2012 Distributions of conversion and certain rollover contributions within 5-year period. Federal income tax forms 2012   If, within the 5-year period starting with the first day of your tax year in which you convert an amount from a traditional IRA or rollover an amount from a qualified retirement plan to a Roth IRA, you take a distribution from a Roth IRA, you may have to pay the 10% additional tax on early distributions. Federal income tax forms 2012 You generally must pay the 10% additional tax on any amount attributable to the part of the amount converted or rolled over (the conversion or rollover contribution) that you had to include in income (recapture amount). Federal income tax forms 2012 A separate 5-year period applies to each conversion and rollover. Federal income tax forms 2012 See Ordering Rules for Distributions , later, to determine the recapture amount, if any. Federal income tax forms 2012   The 5-year period used for determining whether the 10% early distribution tax applies to a distribution from a conversion or rollover contribution is separately determined for each conversion and rollover, and is not necessarily the same as the 5-year period used for determining whether a distribution is a qualified distribution. Federal income tax forms 2012 See What Are Qualified Distributions , earlier. Federal income tax forms 2012   For example, if a calendar-year taxpayer makes a conversion contribution on February 25, 2013, and makes a regular contribution for 2012 on the same date, the 5-year period for the conversion begins January 1, 2013, while the 5-year period for the regular contribution begins on January 1, 2012. Federal income tax forms 2012   Unless one of the exceptions listed later applies, you must pay the additional tax on the portion of the distribution attributable to the part of the conversion or rollover contribution that you had to include in income because of the conversion or rollover. Federal income tax forms 2012   You must pay the 10% additional tax in the year of the distribution, even if you had included the conversion or rollover contribution in an earlier year. Federal income tax forms 2012 You also must pay the additional tax on any portion of the distribution attributable to earnings on contributions. Federal income tax forms 2012 Other early distributions. Federal income tax forms 2012   Unless one of the exceptions listed below applies, you must pay the 10% additional tax on the taxable part of any distributions that are not qualified distributions. Federal income tax forms 2012 Exceptions. Federal income tax forms 2012   You may not have to pay the 10% additional tax in the following situations. Federal income tax forms 2012 You have reached age 59½. Federal income tax forms 2012 You are totally and permanently disabled. Federal income tax forms 2012 You are the beneficiary of a deceased IRA owner. Federal income tax forms 2012 You use the distribution to buy, build, or rebuild a first home. Federal income tax forms 2012 The distributions are part of a series of substantially equal payments. Federal income tax forms 2012 You have unreimbursed medical expenses that are more than 10% (or 7. Federal income tax forms 2012 5% if you or your spouse was born before January 2, 1949) of your adjusted gross income (defined earlier) for the year. Federal income tax forms 2012 You are paying medical insurance premiums during a period of unemployment. Federal income tax forms 2012 The distributions are not more than your qualified higher education expenses. Federal income tax forms 2012 The distribution is due to an IRS levy of the qualified plan. Federal income tax forms 2012 The distribution is a qualified reservist distribution. Federal income tax forms 2012 Most of these exceptions are discussed earlier in chapter 1 under Early Distributions . Federal income tax forms 2012 Please click here for the text description of the image. Federal income tax forms 2012 Is Roth Distributions a Qualified Distribution? Ordering Rules for Distributions If you receive a distribution from your Roth IRA that is not a qualified distribution, part of it may be taxable. Federal income tax forms 2012 There is a set order in which contributions (including conversion contributions and rollover contributions from qualified retirement plans) and earnings are considered to be distributed from your Roth IRA. Federal income tax forms 2012 For these purposes, disregard the withdrawal of excess contributions and the earnings on them (discussed earlier under What if You Contribute Too Much ). Federal income tax forms 2012 Order the distributions as follows. Federal income tax forms 2012 Regular contributions. Federal income tax forms 2012 Conversion and rollover contributions, on a first-in, first-out basis (generally, total conversions and rollovers from the earliest year first). Federal income tax forms 2012 See Aggregation (grouping and adding) rules, later. Federal income tax forms 2012 Take these conversion and rollover contributions into account as follows: Taxable portion (the amount required to be included in gross income because of the conversion or rollover) first, and then the Nontaxable portion. Federal income tax forms 2012 Earnings on contributions. Federal income tax forms 2012 Disregard rollover contributions from other Roth IRAs for this purpose. Federal income tax forms 2012 Aggregation (grouping and adding) rules. Federal income tax forms 2012   Determine the taxable amounts distributed (withdrawn), distributions, and contributions by grouping and adding them together as follows. Federal income tax forms 2012 Add all distributions from all your Roth IRAs during the year together. Federal income tax forms 2012 Add all regular contributions made for the year (including contributions made after the close of the year, but before the due date of your return) together. Federal income tax forms 2012 Add this total to the total undistributed regular contributions made in prior years. Federal income tax forms 2012 Add all conversion and rollover contributions made during the year together. Federal income tax forms 2012 For purposes of the ordering rules, in the case of any conversion or rollover in which the conversion or rollover distribution is made in 2013 and the conversion or rollover contribution is made in 2014, treat the conversion or rollover contribution as contributed before any other conversion or rollover contributions made in 2014. Federal income tax forms 2012 Add any recharacterized contributions that end up in a Roth IRA to the appropriate contribution group for the year that the original contribution would have been taken into account if it had been made directly to the Roth IRA. Federal income tax forms 2012   Disregard any recharacterized contribution that ends up in an IRA other than a Roth IRA for the purpose of grouping (aggregating) both contributions and distributions. Federal income tax forms 2012 Also disregard any amount withdrawn to correct an excess contribution (including the earnings withdrawn) for this purpose. Federal income tax forms 2012 Example. Federal income tax forms 2012 On October 15, 2009, Justin converted all $80,000 in his traditional IRA to his Roth IRA. Federal income tax forms 2012 His Forms 8606 from prior years show that $20,000 of the amount converted is his basis. Federal income tax forms 2012 Justin included $60,000 ($80,000 − $20,000) in his gross income. Federal income tax forms 2012 On February 23, 2013, Justin made a regular contribution of $5,000 to a Roth IRA. Federal income tax forms 2012 On November 8, 2013, at age 60, Justin took a $7,000 distribution from his Roth IRA. Federal income tax forms 2012 The first $5,000 of the distribution is a return of Justin's regular contribution and is not includible in his income. Federal income tax forms 2012 The next $2,000 of the distribution is not includible in income because it was included previously. Federal income tax forms 2012 Figuring your recapture amount. Federal income tax forms 2012   If you had an early distribution from your Roth IRAs in 2013, you must allocate the early distribution by using the Recapture Amount—Allocation Chart, later. Federal income tax forms 2012 Recapture Amount—Allocation Chart Enter the amount from your 2013 Form 8606, line 19   Before you begin: You will need your prior year Form(s) 8606 and income tax return(s) if you entered an amount on any line(s) as indicated below. Federal income tax forms 2012   You will now allocate the amount you entered above (2013 Form 8606, line 19) in the order shown, to the amounts on the lines listed below (to the extent a prior year distribution was not allocable to the amount). Federal income tax forms 2012 The maximum amount you can enter on each line below is the amount entered on the referenced lines of the form for that year. Federal income tax forms 2012 Note. Federal income tax forms 2012 Once you have allocated the full amount from your 2013 Form 8606, line 19, STOP. Federal income tax forms 2012 See the Example , earlier. Federal income tax forms 2012 Tax Year Your Form 2013 Form 8606, line 20   Form 8606, line 22   1998 Form 8606, line 16   Form 8606, line 15   1999 Form 8606, line 16   Form 8606, line 15   2000 Form 8606, line 16   Form 8606, line 15   2001 Form 8606, line 18   Form 8606, line 17   2002 Form 8606, line 18   Form 8606, line 17   2003 Form 8606, line 18   Form 8606, line 17   2004 Form 8606, line 18   Form 8606, line 17   2005 Form 8606, line 18   Form 8606, line 17   2006 Form 8606, line 18   Form 8606, line 17   2007 Form 8606, line 18   Form 8606, line 17   2008 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2009 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2010 Form 8606, lines 18 and 23   Form 8606, lines 17 and 22   2011 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2012 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2013 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2013 Form 8606, line 25       *Only include those amounts rolled over to a Roth IRA. Federal income tax forms 2012  **Only include any contributions (usually Form 1099-R, box 5) that were taxable to you when made and rolled over to a Roth IRA. Federal income tax forms 2012 Amount to include on Form 5329, line 1. Federal income tax forms 2012   Include on line 1 of your 2013 Form 5329 the following four amounts from the Recapture Amount—Allocation Chart that you filled out. Federal income tax forms 2012 The amount you allocated to line 20 of your 2013 Form 8606. Federal income tax forms 2012 The amount(s) allocated to your 2009 through 2013 Forms 8606, line 18, and your 2010 Form 8606, line 23. Federal income tax forms 2012 The amount(s) allocated to your 2009, 2011, 2012, and 2013 Forms 1040, line 16b; Forms 1040A, line 12b; and Forms 1040NR, line 17b. Federal income tax forms 2012 The amount from your 2013 Form 8606, line 25. Federal income tax forms 2012   Also, include any amount you allocated to line 20 of your 2013 Form 8606 on your 2013 Form 5329, line 2, and enter exception number 09. Federal income tax forms 2012 Example. Federal income tax forms 2012 Ishmael, age 32, opened a Roth IRA in 2000. Federal income tax forms 2012 He made the maximum contributions to it every year. Federal income tax forms 2012 In addition, he made the following transactions into his Roth IRA. Federal income tax forms 2012 In 2005, he converted $10,000 from his traditional IRA into his Roth IRA. Federal income tax forms 2012 He filled out a 2005 Form 8606 and attached it with his 2005 Form 1040. Federal income tax forms 2012 He entered $0 on line 17 of Form 8606 because he took a deduction for all the contributions to the traditional IRA, therefore he has no basis. Federal income tax forms 2012 He entered $10,000 on line 18 of Form 8606. Federal income tax forms 2012 In 2011, he rolled over the entire balance of his qualified retirement plan, $20,000, into a Roth IRA when he changed jobs. Federal income tax forms 2012 He used a 2011 Form 1040 to file his taxes. Federal income tax forms 2012 He entered $20,000 on line 16a of Form 1040 because that was the amount reported in box 1 of his 2011 Form 1099-R. Federal income tax forms 2012 Box 5 of his 2011 Form 1099-R reported $0 since he did not make any after-tax contributions to the qualified retirement plan. Federal income tax forms 2012 He entered $20,000 on line 16b of Form 1040 since that is the taxable amount that was rolled over in 2011. Federal income tax forms 2012 The total balance in his Roth IRA as of January 1, 2013 was $105,000 ($50,000 in contributions from 2000 through 2012 + $10,000 from the 2005 conversion + $20,000 from the 2011 rollover + $25,000 from earnings). Federal income tax forms 2012 He has not taken any early distribution from his Roth IRA before 2013. Federal income tax forms 2012 In 2013, he made the maximum contribution of $5,500 to his Roth IRA. Federal income tax forms 2012 In August of 2013, he took a $85,500 early distribution from his Roth IRA to use as a down payment on the purchase of his first home. Federal income tax forms 2012 See his filled out Illustrated Recapture Amount—Allocation Chart, later, to see how he allocated the amounts from the above transactions. Federal income tax forms 2012 Based on his allocation, he would enter $20,000 on his 2013 Form 5329, line 1 (see Amount to include on Form 5329, line 1 , above). Federal income tax forms 2012 He should also report $10,000 on his 2013 Form 5329, line 2, and enter exception 09 since that amount is not subject to the 10% additional tax on early distributions. Federal income tax forms 2012 Illustrated Recapture Amount—Allocation Chart Enter the amount from your 2013 Form 8606, line 19 $85,500 Before you begin: You will need your prior year Form(s) 8606 and income tax return(s) if you entered an amount on any line(s) as indicated below. Federal income tax forms 2012   You will now allocate the amount you entered above (2013 Form 8606, line 19) in the order shown, to the amounts on the lines listed below (to the extent a prior year distribution was not allocable to the amount). Federal income tax forms 2012 The maximum amount you can enter on each line below is the amount entered on the referenced lines of the form for that year. Federal income tax forms 2012 Note. Federal income tax forms 2012 Once you have allocated the full amount from your 2013 Form 8606, line 19, STOP. Federal income tax forms 2012 See the Example , earlier. Federal income tax forms 2012 Tax Year Your Form 2013 Form 8606, line 20 $10,000 Form 8606, line 22 $55,500 1998 Form 8606, line 16   Form 8606, line 15   1999 Form 8606, line 16   Form 8606, line 15   2000 Form 8606, line 16   Form 8606, line 15   2001 Form 8606, line 18   Form 8606, line 17   2002 Form 8606, line 18   Form 8606, line 17   2003 Form 8606, line 18   Form 8606, line 17   2004 Form 8606, line 18   Form 8606, line 17   2005 Form 8606, line 18 $10,000 Form 8606, line 17 $-0- 2006 Form 8606, line 18   Form 8606, line 17   2007 Form 8606, line 18   Form 8606, line 17   2008 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2009 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2010 Form 8606, lines 18 and 23   Form 8606, lines 17 and 22   2011 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b* $10,000 Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2012 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2013 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2013 Form 8606, line 25       *Only include those amounts rolled over to a Roth IRA. Federal income tax forms 2012  **Only include any contributions (usually Form 1099-R, box 5) that were taxable to you when made and rolled over to a Roth IRA. Federal income tax forms 2012 How Do You Figure the Taxable Part? To figure the taxable part of a distribution that is not a qualified distribution, complete Form 8606, Part III. Federal income tax forms 2012 Must You Withdraw or Use Assets? You are not required to take distributions from your Roth IRA at any age. Federal income tax forms 2012 The minimum distribution rules that apply to traditional IRAs do not apply to Roth IRAs while the owner is alive. Federal income tax forms 2012 However, after the death of a Roth IRA owner, certain of the minimum distribution rules that apply to traditional IRAs also apply to Roth IRAs as explained later under Distributions After Owner's Death . Federal income tax forms 2012 Minimum distributions. Federal income tax forms 2012   You cannot use your Roth IRA to satisfy minimum distribution requirements for your traditional IRA. Federal income tax forms 2012 Nor can you use distributions from traditional IRAs for required distributions from Roth IRAs. Federal income tax forms 2012 See Distributions to beneficiaries , later. Federal income tax forms 2012 Recognizing Losses on Investments If you have a loss on your Roth IRA investment, you can recognize the loss on your income tax return, but only when all the amounts in all of your Roth IRA accounts have been distributed to you and the total distributions are less than your unrecovered basis. Federal income tax forms 2012 Your basis is the total amount of contributions in your Roth IRAs. Federal income tax forms 2012 You claim the loss as a miscellaneous itemized deduction, subject to the 2%-of-adjusted-gross-income limit that applies to certain miscellaneous itemized deductions on Schedule A (Form 1040). Federal income tax forms 2012 Any such losses are added back to taxable income for purposes of calculating the alternative minimum tax. Federal income tax forms 2012 Distributions After Owner's Death If a Roth IRA owner dies, the minimum distribution rules that apply to traditional IRAs apply to Roth IRAs as though the Roth IRA owner died before his or her required beginning date. Federal income tax forms 2012 See When Can You Withdraw or Use Assets? in chapter 1. Federal income tax forms 2012 Distributions to beneficiaries. Federal income tax forms 2012   Generally, the entire interest in the Roth IRA must be distributed by the end of the fifth calendar year after the year of the owner's death unless the interest is payable to a designated beneficiary over the life or life expectancy of the designated beneficiary. Federal income tax forms 2012 (See When Must You Withdraw Assets? (Required Minimum Distributions) in chapter 1. Federal income tax forms 2012 )   If paid as an annuity, the entire interest must be payable over a period not greater than the designated beneficiary's life expectancy and distributions must begin before the end of the calendar year following the year of death. Federal income tax forms 2012 Distributions from another Roth IRA cannot be substituted for these distributions unless the other Roth IRA was inherited from the same decedent. Federal income tax forms 2012   If the sole beneficiary is the spouse, he or she can either delay distributions until the decedent would have reached age 70½ or treat the Roth IRA as his or her own. Federal income tax forms 2012 Combining with other Roth IRAs. Federal income tax forms 2012   A beneficiary can combine an inherited Roth IRA with another Roth IRA maintained by the beneficiary only if the beneficiary either: Inherited the other Roth IRA from the same decedent, or Was the spouse of the decedent and the sole beneficiary of the Roth IRA and elects to treat it as his or her own IRA. Federal income tax forms 2012 Distributions that are not qualified distributions. Federal income tax forms 2012   If a distribution to a beneficiary is not a qualified distribution, it is generally includible in the beneficiary's gross income in the same manner as it would have been included in the owner's income had it been distributed to the IRA owner when he or she was alive. Federal income tax forms 2012   If the owner of a Roth IRA dies before the end of: The 5-year period beginning with the first taxable year for which a contribution was made to a Roth IRA set up for the owner's benefit, or The 5-year period starting with the year of a conversion contribution from a traditional IRA or a rollover from a qualified retirement plan to a Roth IRA, each type of contribution is divided among multiple beneficiaries according to the pro-rata share of each. Federal income tax forms 2012 See Ordering Rules for Distributions , earlier in this chapter under Are Distributions Taxable. Federal income tax forms 2012 Example. Federal income tax forms 2012 When Ms. Federal income tax forms 2012 Hibbard died in 2013, her Roth IRA contained regular contributions of $4,000, a conversion contribution of $10,000 that was made in 2009, and earnings of $2,000. Federal income tax forms 2012 No distributions had been made from her IRA. Federal income tax forms 2012 She had no basis in the conversion contribution in 2009. Federal income tax forms 2012 When she established this Roth IRA (her first) in 2009, she named each of her four children as equal beneficiaries. Federal income tax forms 2012 Each child will receive one-fourth of each type of contribution and one-fourth of the earnings. Federal income tax forms 2012 An immediate distribution of $4,000 to each child will be treated as $1,000 from regular contributions, $2,500 from conversion contributions, and $500 from earnings. Federal income tax forms 2012 In this case, because the distributions are made before the end of the applicable 5-year period for a qualified distribution, each beneficiary includes $500 in income for 2013. Federal income tax forms 2012 The 10% additional tax on early distributions does not apply because the distribution was made to the beneficiaries as a result of the death of the IRA owner. Federal income tax forms 2012 If distributions from an inherited Roth IRA are less than the required minimum distribution for the year, discussed in chapter 1 under When Must You Withdraw Assets? (Required Minimum Distributions), you may have to pay a 50% excise tax for that year on the amount not distributed as required. Federal income tax forms 2012 For the tax on excess accumulations (insufficient distributions), see Excess Accumulations (Insufficient Distributions) under What Acts Result in Penalties or Additional Taxes? in chapter 1. Federal income tax forms 2012 If this applies to you, substitute “Roth IRA” for “traditional IRA” in that discussion. Federal income tax forms 2012 Prev  Up  Next   Home   More Online Publications
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The Federal Income Tax Forms 2012

Federal income tax forms 2012 Publication 926 - Main Content Table of Contents Do You Have a Household Employee? Can Your Employee Legally Work in the United States? Do You Need To Pay Employment Taxes?Social Security and Medicare Taxes Federal Unemployment (FUTA) Tax Do You Need To Withhold Federal Income Tax? What Do You Need To Know About the Earned Income Credit? How Do You Make Tax Payments? What Forms Must You File?Employee who leaves during the year. Federal income tax forms 2012 Filing options when no return is required. Federal income tax forms 2012 What Records Must You Keep? Can You Claim a Credit for Child and Dependent Care Expenses? How Can You Correct Schedule H?Adjust the overpayment. Federal income tax forms 2012 Claim for refund process. Federal income tax forms 2012 How To Get Tax HelpLow Income Taxpayer Clinics Do You Have a Household Employee? You have a household employee if you hired someone to do household work and that worker is your employee. Federal income tax forms 2012 The worker is your employee if you can control not only what work is done, but how it is done. Federal income tax forms 2012 If the worker is your employee, it does not matter whether the work is full time or part time or that you hired the worker through an agency or from a list provided by an agency or association. Federal income tax forms 2012 It also does not matter whether you pay the worker on an hourly, daily, or weekly basis, or by the job. Federal income tax forms 2012 Example. Federal income tax forms 2012 You pay Betty Shore to babysit your child and do light housework 4 days a week in your home. Federal income tax forms 2012 Betty follows your specific instructions about household and child care duties. Federal income tax forms 2012 You provide the household equipment and supplies that Betty needs to do her work. Federal income tax forms 2012 Betty is your household employee. Federal income tax forms 2012 Household work. Federal income tax forms 2012   Household work is work done in or around your home. Federal income tax forms 2012 Some examples of workers who do household work are: Babysitters, Caretakers, House cleaning workers, Domestic workers, Drivers, Health aides, Housekeepers, Maids, Nannies, Private nurses, and Yard workers. Federal income tax forms 2012 Workers who are not your employees. Federal income tax forms 2012   If only the worker can control how the work is done, the worker is not your employee but is self-employed. Federal income tax forms 2012 A self-employed worker usually provides his or her own tools and offers services to the general public in an independent business. Federal income tax forms 2012   A worker who performs child care services for you in his or her home generally is not your employee. Federal income tax forms 2012   If an agency provides the worker and controls what work is done and how it is done, the worker is not your employee. Federal income tax forms 2012 Example. Federal income tax forms 2012 You made an agreement with John Peters to care for your lawn. Federal income tax forms 2012 John runs a lawn care business and offers his services to the general public. Federal income tax forms 2012 He provides his own tools and supplies, and he hires and pays any helpers he needs. Federal income tax forms 2012 Neither John nor his helpers are your household employees. Federal income tax forms 2012 More information. Federal income tax forms 2012   More information about who is an employee is in Publication 15-A, Employer's Supplemental Tax Guide. Federal income tax forms 2012 Can Your Employee Legally Work in the United States? It is unlawful for you knowingly to hire or continue to employ an alien who cannot legally work in the United States. Federal income tax forms 2012 When you hire a household employee to work for you on a regular basis, you and the employee must complete the U. Federal income tax forms 2012 S. Federal income tax forms 2012 Citizenship and Immigration Services (USCIS) Form I-9, Employment Eligibility Verification. Federal income tax forms 2012 No later than the first day of work, the employee must complete the employee section of the form by providing certain required information and attesting to his or her current work eligibility status in the United States. Federal income tax forms 2012 You must complete the employer section by examining documents presented by the employee as evidence of his or her identity and employment eligibility. Federal income tax forms 2012 Acceptable documents to establish identity and employment eligibility are listed on Form I-9. Federal income tax forms 2012 You should keep the completed Form I-9 in your own records. Federal income tax forms 2012 Do not submit it to the IRS, the USCIS, or any other government or other entity. Federal income tax forms 2012 The form must be kept available for review upon notice by an authorized U. Federal income tax forms 2012 S. Federal income tax forms 2012 Government official. Federal income tax forms 2012 Two copies of Form I-9 are contained in the Handbook for Employers (Form M-274) published by the USCIS. Federal income tax forms 2012 Call the USCIS at 1-800-870-3676 to order the Handbook for Employers; or you may download the handbook at www. Federal income tax forms 2012 uscis. Federal income tax forms 2012 gov. Federal income tax forms 2012 If you have questions about the employment eligibility verification process or other immigration-related employment matters, contact the USCIS Office of Business Liaison at 1-800-357-2099. Federal income tax forms 2012 You also can visit the USCIS website at www. Federal income tax forms 2012 uscis. Federal income tax forms 2012 gov to get Form I-9. Federal income tax forms 2012 For more information, see Employee's Social Security Number (SSN) in Publication 15 (Circular E), Employer's Tax Guide. Federal income tax forms 2012 Do You Need To Pay Employment Taxes? If you have a household employee, you may need to withhold and pay social security and Medicare taxes, pay federal unemployment tax, or both. Federal income tax forms 2012 To find out, read Table 1. Federal income tax forms 2012 You do not need to withhold federal income tax from your household employee's wages. Federal income tax forms 2012 But if your employee asks you to withhold it, you can. Federal income tax forms 2012 See Do You Need To Withhold Federal Income Tax, later. Federal income tax forms 2012 If you need to pay social security, Medicare, or federal unemployment tax or choose to withhold federal income tax, read Table 2 for an overview of what you may need to do. Federal income tax forms 2012 If you do not need to pay social security, Medicare, or federal unemployment tax and do not choose to withhold federal income tax, read State employment taxes, next. Federal income tax forms 2012 The rest of this publication does not apply to you. Federal income tax forms 2012 State employment taxes. Federal income tax forms 2012   You should contact your state unemployment tax agency to find out whether you need to pay state unemployment tax for your household employee. Federal income tax forms 2012 For a list of state unemployment tax agencies, visit the U. Federal income tax forms 2012 S. Federal income tax forms 2012 Department of Labor's website at www. Federal income tax forms 2012 workforcesecurity. Federal income tax forms 2012 doleta. Federal income tax forms 2012 gov/unemploy/agencies. Federal income tax forms 2012 asp. Federal income tax forms 2012 You should also determine if you need to pay or collect other state employment taxes or carry workers' compensation insurance. Federal income tax forms 2012    Table 1. Federal income tax forms 2012 Do You Need To Pay Employment Taxes? IF you . Federal income tax forms 2012 . Federal income tax forms 2012 . Federal income tax forms 2012 THEN you need to . Federal income tax forms 2012 . Federal income tax forms 2012 . Federal income tax forms 2012 A– Pay cash wages of $1,900 or more in 2014 to any one household employee. Federal income tax forms 2012 Withhold and pay social security and Medicare taxes. Federal income tax forms 2012 The taxes are 15. Federal income tax forms 2012 3%1 of cash wages. Federal income tax forms 2012 Your employee's share is 7. Federal income tax forms 2012 65%1. Federal income tax forms 2012   (You can choose to pay it yourself and not withhold it. Federal income tax forms 2012 ) Your share is 7. Federal income tax forms 2012 65%. Federal income tax forms 2012   Do not count wages you pay to— Your spouse, Your child under the age of 21, Your parent (see Wages not counted, later, for an exception), or Any employee under the age of 18 at any time in 2014 (see Wages not counted, later, for an exception). Federal income tax forms 2012 B– Pay total cash wages of $1,000 or more in any calendar quarter of 2013 or 2014 to household employees. Federal income tax forms 2012 Pay federal unemployment tax. Federal income tax forms 2012 The tax is 6% of cash wages. Federal income tax forms 2012 Wages over $7,000 a year per employee are not taxed. Federal income tax forms 2012 You also may owe state unemployment tax. Federal income tax forms 2012   Do not count wages you pay to— Your spouse, Your child under the age of 21, or Your parent. Federal income tax forms 2012 1In addition to withholding Medicare tax at 1. Federal income tax forms 2012 45%, you must withhold a 0. Federal income tax forms 2012 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Federal income tax forms 2012 You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. Federal income tax forms 2012 Additional Medicare Tax is only imposed on the employee. Federal income tax forms 2012 There is no employer share of Additional Medicare Tax. Federal income tax forms 2012 All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. Federal income tax forms 2012 Note. Federal income tax forms 2012 If neither A nor B above applies, you do not need to pay any federal employment taxes. Federal income tax forms 2012 But you may still need to pay state employment taxes. Federal income tax forms 2012 Table 2. Federal income tax forms 2012 Household Employer's Checklist You may need to do the following things when you have a household employee. Federal income tax forms 2012   When you hire a household employee: □ Find out if the person can legally work in the United States. Federal income tax forms 2012  □ Find out if you need to pay state taxes. Federal income tax forms 2012 When you pay your household employee: □ Withhold social security and Medicare taxes. Federal income tax forms 2012  □ Withhold federal income tax. Federal income tax forms 2012  □ Decide how you will make tax payments. Federal income tax forms 2012  □ Keep records. Federal income tax forms 2012 By February 2, 2015: □ Get an employer identification number (EIN). Federal income tax forms 2012  □ Give your employee Copies B, C, and 2 of Form W-2, Wage and Tax Statement. Federal income tax forms 2012 By March 2, 2015 (March 31, 2015, if you file Form W-2 electronically): □ Send Copy A of Form W-2 to the Social Security Administration (SSA). Federal income tax forms 2012 By April 15, 2015: □ File Schedule H (Form 1040), Household Employment Taxes, with your 2014 federal income tax return (Form 1040, 1040NR, 1040-SS, or Form 1041). Federal income tax forms 2012  If you do not have to file a return, file Schedule H by itself. Federal income tax forms 2012 Social Security and Medicare Taxes The social security tax pays for old-age, survivors, and disability benefits for workers and their families. Federal income tax forms 2012 The Medicare tax pays for hospital insurance. Federal income tax forms 2012 Both you and your household employee may owe social security and Medicare taxes. Federal income tax forms 2012 Your share is 7. Federal income tax forms 2012 65% (6. Federal income tax forms 2012 2% for social security tax and 1. Federal income tax forms 2012 45% for Medicare tax) of the employee's social security and Medicare wages. Federal income tax forms 2012 Your employee's share is also 7. Federal income tax forms 2012 65% (6. Federal income tax forms 2012 2% for social security tax and 1. Federal income tax forms 2012 45% for Medicare tax). Federal income tax forms 2012 In addition to withholding Medicare tax at 1. Federal income tax forms 2012 45%, you must withhold a 0. Federal income tax forms 2012 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Federal income tax forms 2012 You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. Federal income tax forms 2012 Additional Medicare Tax is only imposed on the employee. Federal income tax forms 2012 There is no employer share of Additional Medicare Tax. Federal income tax forms 2012 All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. Federal income tax forms 2012 For more information on Additional Medicare Tax, visit IRS. Federal income tax forms 2012 gov and enter “Additional Medicare Tax” in the search box. Federal income tax forms 2012 Generally, you can use Table 3 to figure the amount of social security and Medicare taxes to withhold from each wage payment. Federal income tax forms 2012 You are responsible for payment of your employee's share of the taxes as well as your own. Federal income tax forms 2012 You can either withhold your employee's share from the employee's wages or pay it from your own funds. Federal income tax forms 2012 If you decide to pay the employee's share from your own funds, see Not withholding the employee's share, later. Federal income tax forms 2012 Pay the taxes as discussed under How Do You Make Tax Payments, later. Federal income tax forms 2012 Also, see What Forms Must You File, later. Federal income tax forms 2012 Social security and Medicare wages. Federal income tax forms 2012   You figure social security and Medicare taxes on the social security and Medicare wages you pay your employee. Federal income tax forms 2012   If you pay your household employee cash wages of $1,900 or more in 2014, all cash wages you pay to that employee in 2014 (regardless of when the wages were earned) up to $117,000 are social security wages and all cash wages are Medicare wages. Federal income tax forms 2012 However, any noncash wages you pay do not count as social security and Medicare wages. Federal income tax forms 2012   If you pay the employee less than $1,900 in cash wages in 2014, none of the wages you pay the employee are social security or Medicare wages and neither you nor your employee will owe social security or Medicare tax on those wages. Federal income tax forms 2012 Cash wages. Federal income tax forms 2012   Cash wages include wages you pay by check, money order, etc. Federal income tax forms 2012 Cash wages do not include the value of food, lodging, clothing, and other noncash items you give your household employee. Federal income tax forms 2012 However, cash you give your employee in place of these items is included in cash wages. Federal income tax forms 2012 State disability payments treated as wages. Federal income tax forms 2012   Certain state disability plan payments that your household employee may receive are treated as social security and Medicare wages. Federal income tax forms 2012 For more information about these payments, see the Instructions for Schedule H (Form 1040) and the notice issued by the state. Federal income tax forms 2012 Wages not counted. Federal income tax forms 2012   Do not count wages you pay to any of the following individuals as social security or Medicare wages, even if these wages are $1,900 or more during the year. Federal income tax forms 2012 Your spouse. Federal income tax forms 2012 Your child who is under the age of 21. Federal income tax forms 2012 Your parent. Federal income tax forms 2012 Exception: Count these wages if both the following conditions apply. Federal income tax forms 2012 Your parent cares for your child who is either of the following. Federal income tax forms 2012 Under the age of 18, or Has a physical or mental condition that requires the personal care of an adult for at least 4 continuous weeks in the calendar quarter services were performed. Federal income tax forms 2012 Your marital status is one of the following. Federal income tax forms 2012 You are divorced and have not remarried, You are a widow or widower, or You are living with a spouse whose physical or mental condition prevents him or her from caring for your child for at least 4 continuous weeks in the calendar quarter services were performed. Federal income tax forms 2012 An employee who is under the age of 18 at any time during the year. Federal income tax forms 2012 Exception: Count these wages if providing household services is the employee's principal occupation. Federal income tax forms 2012 If the employee is a student, providing household services is not considered to be his or her principal occupation. Federal income tax forms 2012 Also, if your employee's cash wages reach $117,000 (maximum wages subject to social security tax) in 2014, do not count any wages you pay that employee during the rest of the year as social security wages to figure social security tax. Federal income tax forms 2012 Continue to count the employee's cash wages as Medicare wages to figure Medicare tax. Federal income tax forms 2012 If you provide your employee transit passes to commute to your home, do not count the value of the transit passes (up to $130 per month for 2014) as wages. Federal income tax forms 2012 A transit pass includes any pass, token, fare card, voucher, or similar item entitling a person to ride on mass transit, such as a bus or train. Federal income tax forms 2012 If you provide your employee parking at or near your home or at or near a location from which your employee commutes to your home, do not count the value of parking (up to $250 per month for 2014) as wages. Federal income tax forms 2012 If you reimburse your employee for transit passes or parking, you may be able to exclude the reimbursement amounts. Federal income tax forms 2012 See Publication 15-B, Employer's Tax Guide to Fringe Benefits, for special requirements for this exclusion. Federal income tax forms 2012 Withholding the employee's share. Federal income tax forms 2012   You should withhold the employee's share of social security and Medicare taxes if you expect to pay your household employee cash wages of $1,900 or more in 2014. Federal income tax forms 2012 However, if you prefer to pay the employee's share yourself, see Not withholding the employee's share, later. Federal income tax forms 2012   You can withhold the employee's share of the taxes even if you are not sure your employee's cash wages will be $1,900 or more in 2014. Federal income tax forms 2012 If you withhold the taxes but then actually pay the employee less than $1,900 in cash wages for the year, you should repay the employee. Federal income tax forms 2012   Withhold 7. Federal income tax forms 2012 65% (6. Federal income tax forms 2012 2% for social security tax and 1. Federal income tax forms 2012 45% for Medicare tax) from each payment of social security and Medicare wages. Federal income tax forms 2012 Generally, you can use Table 3 to figure the proper amount to withhold. Federal income tax forms 2012 You will pay the amount withheld to the IRS with your share of the taxes. Federal income tax forms 2012 Do not withhold any social security tax after your employee's social security wages for the year reach $117,000. Federal income tax forms 2012 Table 3. Federal income tax forms 2012 Employee Social Security (6. Federal income tax forms 2012 2%) and Medicare (1. Federal income tax forms 2012 45%1) Tax Withholding Table (See Publication 15 (Circular E) for income tax withholding tables. Federal income tax forms 2012 ) Use this table to figure the amount of social security and Medicare taxes to withhold from each wage payment. Federal income tax forms 2012 For example, on a wage payment of $180, the employee social security tax is $11. Federal income tax forms 2012 16 ($6. Federal income tax forms 2012 20 tax on $100 plus $4. Federal income tax forms 2012 96 on $80 wages). Federal income tax forms 2012 The employee Medicare tax is $2. Federal income tax forms 2012 61 ($1. Federal income tax forms 2012 45 tax on $100 plus $1. Federal income tax forms 2012 16 on $80 wages). Federal income tax forms 2012 If wage payment is: The social security tax to be withheld is: The Medicare tax to be withheld is: If wage payment is: The social security tax to be withheld is: The Medicare tax to be withheld is: $ 1. Federal income tax forms 2012 00 . 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Federal income tax forms 2012 5. Federal income tax forms 2012 95 1. Federal income tax forms 2012 39 47. Federal income tax forms 2012 00 . Federal income tax forms 2012 2. Federal income tax forms 2012 91 . Federal income tax forms 2012 68 97. Federal income tax forms 2012 00 . Federal income tax forms 2012 6. Federal income tax forms 2012 01 1. Federal income tax forms 2012 41 48. Federal income tax forms 2012 00 . Federal income tax forms 2012 2. Federal income tax forms 2012 98 . Federal income tax forms 2012 70 98. Federal income tax forms 2012 00 . Federal income tax forms 2012 6. Federal income tax forms 2012 08 1. Federal income tax forms 2012 42 49. Federal income tax forms 2012 00 . Federal income tax forms 2012 3. Federal income tax forms 2012 04 . Federal income tax forms 2012 71 99. Federal income tax forms 2012 00 . Federal income tax forms 2012 6. Federal income tax forms 2012 14 1. Federal income tax forms 2012 44 50. Federal income tax forms 2012 00 . Federal income tax forms 2012 3. Federal income tax forms 2012 10 . Federal income tax forms 2012 73 100. Federal income tax forms 2012 00 . Federal income tax forms 2012 6. Federal income tax forms 2012 20 1. Federal income tax forms 2012 45 1In addition to withholding Medicare tax at 1. Federal income tax forms 2012 45%, you must withhold a 0. Federal income tax forms 2012 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Federal income tax forms 2012 You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. Federal income tax forms 2012 Additional Medicare Tax is only imposed on the employee. Federal income tax forms 2012 There is no employer share of Additional Medicare Tax. Federal income tax forms 2012 All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. Federal income tax forms 2012   If you make an error by withholding too little, you should withhold additional taxes from a later payment. Federal income tax forms 2012 If you withhold too much, you should repay the employee. Federal income tax forms 2012    In addition to withholding Medicare tax at 1. Federal income tax forms 2012 45%, you must withhold a 0. Federal income tax forms 2012 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Federal income tax forms 2012 You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. Federal income tax forms 2012 Additional Medicare Tax is only imposed on the employee. Federal income tax forms 2012 There is no employer share of Additional Medicare Tax. Federal income tax forms 2012 All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. Federal income tax forms 2012 For more information on Additional Medicare Tax, visit IRS. Federal income tax forms 2012 gov and enter “Additional Medicare Tax” in the search box. Federal income tax forms 2012 Example. Federal income tax forms 2012 On February 13, 2014, Mary Brown hired Jane R. Federal income tax forms 2012 Oak (who is an unrelated individual over age 18) to care for her child and agreed to pay cash wages of $50 every Friday. Federal income tax forms 2012 Jane worked for the remainder of the year (a total of 46 weeks). Federal income tax forms 2012 Mary did not give Jane a Form W-4 to request federal or state tax withholding. Federal income tax forms 2012 The following is the information Mary will need to complete Schedule H, Form W-2, and Form W-3. Federal income tax forms 2012 See the completed examples of Form W-2 and Form W-3 for 2014 at the end of this publication. Federal income tax forms 2012 Total cash wages paid to Jane $2,300. Federal income tax forms 2012 00 ($50 x 46 weeks)       Jane's share of:     Social security tax $142. Federal income tax forms 2012 60 ($2,300 x 6. Federal income tax forms 2012 2% (. Federal income tax forms 2012 062))         Medicare tax $33. Federal income tax forms 2012 35       ($2,300 x 1. Federal income tax forms 2012 45% (. Federal income tax forms 2012 0145)) Mary's share of:     Social security tax $142. Federal income tax forms 2012 60  ($2,300 x 6. Federal income tax forms 2012 2% (. Federal income tax forms 2012 062))           Medicare tax $33. Federal income tax forms 2012 35  ($2,300 x 1. Federal income tax forms 2012 45% (. Federal income tax forms 2012 0145)) Amount reported on Form W-2 and Form W-3:   Box 1:Wages, tips $2,300. Federal income tax forms 2012 00   Box 4: Social security tax withheld 142. Federal income tax forms 2012 60   Box 6: Medicare tax withheld 33. Federal income tax forms 2012 35 For information on withholding and reporting federal income taxes, see Publication 15 (Circular E). Federal income tax forms 2012 Not withholding the employee's share. Federal income tax forms 2012   If you prefer to pay your employee's social security and Medicare taxes from your own funds, do not withhold them from your employee's wages. Federal income tax forms 2012 The social security and Medicare taxes you pay to cover your employee's share must be included in the employee's wages for income tax purposes. Federal income tax forms 2012 However, they are not counted as social security and Medicare wages or as federal unemployment (FUTA) wages. Federal income tax forms 2012 Example. Federal income tax forms 2012 In 2014 you hire a household employee (who is an unrelated individual over age 18) to care for your child and agree to pay cash wages of $100 every Friday. Federal income tax forms 2012 You expect to pay your employee $1,900 or more for the year. Federal income tax forms 2012 You decide to pay your employee's share of social security and Medicare taxes from your own funds. Federal income tax forms 2012 You pay your employee $100 every Friday without withholding any social security or Medicare taxes. Federal income tax forms 2012 For social security and Medicare tax purposes, your employee's wages each payday are $100. Federal income tax forms 2012 For each wage payment, you will pay $15. Federal income tax forms 2012 30 when you pay the taxes. Federal income tax forms 2012 This is $7. Federal income tax forms 2012 65 ($6. Federal income tax forms 2012 20 for social security tax + $1. Federal income tax forms 2012 45 for Medicare tax) to cover your employee's share plus $7. Federal income tax forms 2012 65 ($6. Federal income tax forms 2012 20 for social security tax + $1. Federal income tax forms 2012 45 for Medicare tax) for your share. Federal income tax forms 2012 For income tax purposes, your employee's wages each payday are $107. Federal income tax forms 2012 65 ($100 + the $7. Federal income tax forms 2012 65 you will pay to cover your employee's share of social security and Medicare taxes). Federal income tax forms 2012 Federal Unemployment (FUTA) Tax The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. Federal income tax forms 2012 Like most employers, you may owe both the federal unemployment tax (the FUTA tax) and a state unemployment tax. Federal income tax forms 2012 Or, you may owe only the FUTA tax or only the state unemployment tax. Federal income tax forms 2012 To find out whether you will owe state unemployment tax, contact your state's unemployment tax agency. Federal income tax forms 2012 For a list of state unemployment tax agencies, visit the U. Federal income tax forms 2012 S. Federal income tax forms 2012 Department of Labor's website at www. Federal income tax forms 2012 workforcesecurity. Federal income tax forms 2012 doleta. Federal income tax forms 2012 gov/unemploy/agencies. Federal income tax forms 2012 asp. Federal income tax forms 2012 You should also find out if you need to pay or collect other state employment taxes or carry workers' compensation insurance. Federal income tax forms 2012 The FUTA tax is 6. Federal income tax forms 2012 0% of your employee's FUTA wages. Federal income tax forms 2012 However, you may be able to take a credit of up to 5. Federal income tax forms 2012 4% against the FUTA tax, resulting in a net tax rate of 0. Federal income tax forms 2012 6%. Federal income tax forms 2012 Your credit for 2014 is limited unless you pay all the required contributions for 2014 to your state unemployment fund by April 15, 2015. Federal income tax forms 2012 The credit you can take for any contributions for 2014 that you pay after April 15, 2015, is limited to 90% of the credit that would have been allowable if the contributions were paid by April 15, 2015. Federal income tax forms 2012 (If you did not pay all the required contributions for 2013 by April 15, 2014, see Credit for 2013, later. Federal income tax forms 2012 ) Note. Federal income tax forms 2012   If a due date falls on a Saturday, Sunday, or legal holiday, payments are considered timely if made by the next business day. Federal income tax forms 2012 The term “legal holiday” means any legal holiday in the District of Columbia. Federal income tax forms 2012 Pay the tax as discussed under How Do You Make Tax Payments, later. Federal income tax forms 2012 Also, see What Forms Must You File, later. Federal income tax forms 2012 Note. Federal income tax forms 2012   The 5. Federal income tax forms 2012 4% credit is reduced for wages paid in a credit reduction state. Federal income tax forms 2012 See the Instructions for Schedule H (Form 1040). Federal income tax forms 2012 Do not withhold the FUTA tax from your employee's wages. Federal income tax forms 2012 You must pay it from your own funds. Federal income tax forms 2012 FUTA wages. Federal income tax forms 2012   Figure the FUTA tax on the FUTA wages you pay. Federal income tax forms 2012 If you pay cash wages to all of your household employees totaling $1,000 or more in any calendar quarter of 2013 or 2014, the first $7,000 of cash wages you pay to each household employee in 2014 is FUTA wages. Federal income tax forms 2012 (A calendar quarter is January through March, April through June, July through September, or October through December. Federal income tax forms 2012 ) If your employee's cash wages reach $7,000 during the year, do not figure the FUTA tax on any wages you pay that employee during the rest of the year. Federal income tax forms 2012 For an explanation of cash wages, see the discussion on Social security and Medicare wages under Social Security and Medicare Taxes, earlier. Federal income tax forms 2012 Wages not counted. Federal income tax forms 2012   Do not count wages you pay to any of the following individuals as FUTA wages. Federal income tax forms 2012 Your spouse. Federal income tax forms 2012 Your child who is under the age of 21. Federal income tax forms 2012 Your parent. Federal income tax forms 2012 Credit for 2013. Federal income tax forms 2012   The credit you can take for any state unemployment fund contributions for 2013 that you pay after April 15, 2014, is limited to 90% of the credit that would have been allowable if the contributions were paid on or before April 15, 2014. Federal income tax forms 2012 Use Worksheet A to figure the credit for late contributions if you paid any state contributions after the due date for filing  Form 1040. Federal income tax forms 2012 Worksheet A. Federal income tax forms 2012 Worksheet for Credit for Late Contributions 1. Federal income tax forms 2012 Enter the amount from Schedule H, line 22   2. Federal income tax forms 2012 Enter the amount from Schedule H, line 19   3. Federal income tax forms 2012 Subtract line 2 from line 1. Federal income tax forms 2012 If zero or less, enter -0-   4. Federal income tax forms 2012 Enter total contributions paid to the state(s) after the Form 1040 due date   5. Federal income tax forms 2012 Enter the smaller of line 3 or line 4   6. Federal income tax forms 2012 Multiply line 5 by . Federal income tax forms 2012 90 (90%)   7. Federal income tax forms 2012 Add lines 2 and 6   8. Federal income tax forms 2012 Enter the smaller of the amount on line 1 or line 7 here and on Schedule H, line 23   Do You Need To Withhold Federal Income Tax? You are not required to withhold federal income tax from wages you pay a household employee. Federal income tax forms 2012 You should withhold federal income tax only if your household employee asks you to withhold it and you agree. Federal income tax forms 2012 The employee must give you a completed Form W-4, Employee's Withholding Allowance Certificate. Federal income tax forms 2012 If you and your employee have agreed to withholding, either of you may end the agreement by letting the other know in writing. Federal income tax forms 2012 If you agree to withhold federal income tax, you are responsible for paying it to the IRS. Federal income tax forms 2012 Pay the tax as discussed under How Do You Make Tax Payments, later. Federal income tax forms 2012 Also, see What Forms Must You File, later. Federal income tax forms 2012 Use the income tax withholding tables in Publication 15 (Circular E) to find out how much to withhold. Federal income tax forms 2012 Figure federal income tax withholding on wages before you deduct any amounts for other withheld taxes. Federal income tax forms 2012 Withhold federal income tax from each payment of wages based on the filing status and exemptions shown on your employee's Form W-4. Federal income tax forms 2012 Publication 15 (Circular E) contains detailed instructions. Federal income tax forms 2012 Wages. Federal income tax forms 2012   Figure federal income tax withholding on both cash and noncash wages you pay. Federal income tax forms 2012 Measure wages you pay in any form other than cash by the fair market value of the noncash item. Federal income tax forms 2012   Do not count as wages any of the following items. Federal income tax forms 2012 Meals provided to your employee at your home for your convenience. Federal income tax forms 2012 Lodging provided to your employee at your home for your convenience and as a condition of employment. Federal income tax forms 2012 Up to $130 per month for 2014 for transit passes you give your employee (or for any cash reimbursement you make for the amount your employee pays for transit passes used to commute to your home if you qualify for this exclusion). Federal income tax forms 2012 A transit pass includes any pass, token, fare card, voucher, or similar item entitling a person to ride on mass transit, such as a bus or train. Federal income tax forms 2012 See Publication 15-B for special requirements for this exclusion. Federal income tax forms 2012 Up to $250 per month for 2014 for the value of parking you provide your employee or for any cash reimbursement you make for the amount your employee pays and substantiates for parking at or near your home or at or near a location from which your employee commutes to your home. Federal income tax forms 2012   See Publication 15 (Circular E) for more information on cash and noncash wages. Federal income tax forms 2012 Paying tax without withholding. Federal income tax forms 2012   Any income tax you pay for your employee without withholding it from the employee's wages must be included in the employee's wages for federal income tax purposes. Federal income tax forms 2012 It also must be included in social security and Medicare wages and in federal unemployment (FUTA) wages. Federal income tax forms 2012 What Do You Need To Know About the Earned Income Credit? Certain workers can take the earned income credit (EIC) on their federal income tax return. Federal income tax forms 2012 This credit reduces their tax or allows them to receive a payment from the IRS. Federal income tax forms 2012 You also may have to give your employee a notice about the EIC. Federal income tax forms 2012 Notice about the EIC. Federal income tax forms 2012   Copy B of the 2014 Form W-2 has a statement about the EIC on the back. Federal income tax forms 2012 If you give your employee that copy by February 2, 2015 (as discussed under Form W-2 under What Forms Must You File, later), you do not have to give the employee any other notice about the EIC. Federal income tax forms 2012   If you do not give your employee Copy B of the Form W-2, your notice about the EIC can be any of the following items. Federal income tax forms 2012 A substitute Form W-2 with the same EIC information on the back of the employee's copy that is on Copy B of the Form W-2. Federal income tax forms 2012 Notice 797, Possible Federal Tax Refund Due to the Earned Income Credit (EIC). Federal income tax forms 2012 Your own written statement with the same wording as in Notice 797. Federal income tax forms 2012 If a substitute Form W-2 is given on time but does not have the required EIC information, you must notify the employee within one week of the date the substitute Form W-2 is given. Federal income tax forms 2012 If Form W-2 is required but is not given on time, you must give the employee Notice 797 or your written statement about the 2014 EIC by February 2, 2015. Federal income tax forms 2012 If Form W-2 is not required, you must notify the employee by February 7, 2015. Federal income tax forms 2012   You must give your household employee a notice about the EIC if you agree to withhold federal income tax from the employee's wages (as discussed earlier under Do You Need To Withhold Federal Income Tax?) and the income tax withholding tables show that no tax should be withheld. Federal income tax forms 2012 Even if not required, you are encouraged to give the employee a notice about the EIC if his or her 2014 wages are less than $46,997 ($52,427 if married filing jointly). Federal income tax forms 2012 How Do You Make Tax Payments? When you file your 2014 federal income tax return in 2015, attach Schedule H (Form 1040) to your Form 1040, 1040NR, 1040-SS, or 1041. Federal income tax forms 2012 Use Schedule H to figure your total household employment taxes (social security, Medicare, FUTA, and withheld federal income taxes). Federal income tax forms 2012 Add these household employment taxes to your income tax. Federal income tax forms 2012 Pay the amount due by April 15, 2015. Federal income tax forms 2012 For more information about using Schedule H, see Schedule H under What Forms Must You File, later. Federal income tax forms 2012 You can avoid owing tax with your return if you pay enough tax during the year to cover your household employment taxes, as well as your income tax. Federal income tax forms 2012 You can pay the additional tax in any of the following ways. Federal income tax forms 2012 Ask your employer to withhold more federal income tax from your wages in 2014. Federal income tax forms 2012 Ask the payer of your pension or annuity to withhold more federal income tax from your benefits. Federal income tax forms 2012 Make estimated tax payments for 2014 to the IRS. Federal income tax forms 2012 Increase your payments if you already make estimated tax payments. Federal income tax forms 2012 You may be subject to the estimated tax underpayment penalty if you did not pay enough income and household employment taxes during the year. Federal income tax forms 2012 (See Publication 505, Tax Withholding and Estimated Tax, for information about the underpayment penalty. Federal income tax forms 2012 ) However, you will not be subject to the penalty if both of the following situations apply to you. Federal income tax forms 2012 You will not have federal income tax withheld from wages, pensions, or any other payments you receive. Federal income tax forms 2012 Your income taxes, excluding your household employment taxes, would not be enough to require payment of estimated taxes. Federal income tax forms 2012 Asking for more federal income tax withholding. Federal income tax forms 2012   If you are employed and want more federal income tax withheld from your wages to cover your household employment taxes, give your employer a new Form W-4. Federal income tax forms 2012 Complete it as before, but show the additional amount you want withheld from each paycheck on line 6. Federal income tax forms 2012   If you receive a pension or annuity and want more federal income tax withheld to cover household employment taxes, give the payer a new Form W-4P, Withholding Certificate for Pension or Annuity Payments (or a similar form provided by the payer). Federal income tax forms 2012 Complete it as before, but show the additional amount you want withheld from each benefit payment on line 3. Federal income tax forms 2012   See Publication 505 to make sure you will have the right amount withheld. Federal income tax forms 2012 It will help you compare your total expected withholding for 2014 with the combined income tax and employment taxes that you can expect to figure on your 2014 tax return. Federal income tax forms 2012 Paying estimated tax. Federal income tax forms 2012   If you want to make estimated tax payments to cover household employment taxes, get Form 1040-ES, Estimated Tax for Individuals. Federal income tax forms 2012 You can use its payment vouchers to make your payments by check or money order. Federal income tax forms 2012 You may be able to pay by Electronic Funds Withdrawal (EFW) or credit card. Federal income tax forms 2012 For details, see the form instructions and visit IRS. Federal income tax forms 2012 gov. Federal income tax forms 2012    You can pay all the employment taxes at once or you can pay them in installments. Federal income tax forms 2012 If you have already made estimated tax payments for 2014, you can increase your remaining payments to cover the employment taxes. Federal income tax forms 2012 Estimated tax payments for 2014 are due April 15, June 16, and September 15, 2014, and January 15, 2015. Federal income tax forms 2012 Payment option for business employers. Federal income tax forms 2012   If you own a business as a sole proprietor or your home is on a farm operated for profit, you can choose either of two ways to pay your 2014 household employment taxes. Federal income tax forms 2012 You can pay them with your federal income tax as previously described, or you can include them with your federal employment tax deposits or other payments for your business or farm employees. Federal income tax forms 2012 For information on depositing employment taxes, see Publication 15 (Circular E). Federal income tax forms 2012   If you pay your household employment taxes with your business or farm employment taxes, you must report your household employment taxes with those other employment taxes on Form 941, Employer's QUARTERLY Federal Tax Return, Form 944, Employer's ANNUAL Federal Tax Return, or Form 943, Employer's Annual Federal Tax Return for Agricultural Employees, and on Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return. Federal income tax forms 2012 See Business employment tax returns, later. Federal income tax forms 2012    The deduction that can be taken on Schedules C and F (Form 1040) for wages and employment taxes applies only to wages and taxes paid for business and farm employees. Federal income tax forms 2012 You cannot deduct the wages and employment taxes paid for your household employees on your Schedule C or F. Federal income tax forms 2012 More information. Federal income tax forms 2012   For more information about paying taxes through federal income tax withholding and estimated tax payments, and figuring the estimated tax penalty, see Publication 505. Federal income tax forms 2012 What Forms Must You File? You must file certain forms to report your household employee's wages and the federal employment taxes for the employee if you pay any of the following wages to the employee. Federal income tax forms 2012 Social security and Medicare wages. Federal income tax forms 2012 FUTA wages. Federal income tax forms 2012 Wages from which you withhold federal income tax. Federal income tax forms 2012 For information on ordering employment tax forms, see How To Get Tax Help, later. Federal income tax forms 2012 Employer identification number (EIN). Federal income tax forms 2012   You must include your employer identification number (EIN) on the forms you file for your household employee. Federal income tax forms 2012 An EIN is a nine-digit number issued by the IRS. Federal income tax forms 2012 It is not the same as a social security number. Federal income tax forms 2012    You ordinarily will have an EIN if you previously paid taxes for employees, either as a household employer or as a sole proprietor of a business you own. Federal income tax forms 2012 If you already have an EIN, use that number. Federal income tax forms 2012   If you do not have an EIN, you may apply for one online. Federal income tax forms 2012 Go to IRS. Federal income tax forms 2012 gov and click on the Apply for an EIN Online link under Tools. Federal income tax forms 2012 You may also apply for an EIN by calling 1-800-829-4933, or you can fax or mail Form SS-4, Application for Employer Identification Number, to the IRS. Federal income tax forms 2012 Form W-2. Federal income tax forms 2012   File a separate 2014 Form W-2, for each household employee to whom you pay either of the following wages during the year. Federal income tax forms 2012 Social security and Medicare wages of $1,900 or more. Federal income tax forms 2012 Wages from which you withhold federal income tax. Federal income tax forms 2012 You must complete Form W-2 and give Copies B, C, and 2 to your employee by February 2, 2015. Federal income tax forms 2012 You must send Copy A of Form W-2 with Form W-3, Transmittal of Wage and Tax Statements, to the SSA by March 2, 2015 (March 31, 2015, if you file your Form W-2 electronically). Federal income tax forms 2012 Electronic filing is available to all employers and is free, fast, secure, and offers a later filing deadline. Federal income tax forms 2012 Visit the SSA's Employer W-2 Filing Instructions & Information website at www. Federal income tax forms 2012 socialsecurity. Federal income tax forms 2012 gov/employer for guidelines on filing electronically. Federal income tax forms 2012 Employee who leaves during the year. Federal income tax forms 2012   If an employee stops working for you before the end of 2014, you can file Form W-2 and provide copies to your employee immediately after you make your final payment of wages. Federal income tax forms 2012 You do not need to wait until 2015. Federal income tax forms 2012 If the employee asks you for Form W-2, give it to him or her within 30 days after the request or the last wage payment, whichever is later. Federal income tax forms 2012 Schedule H. Federal income tax forms 2012   Use Schedule H to report household employment taxes if you pay any of the following wages to the employee. Federal income tax forms 2012 Social security and Medicare wages of $1,900 or more. Federal income tax forms 2012 FUTA wages. Federal income tax forms 2012 Wages from which you withhold federal income tax. Federal income tax forms 2012 File Schedule H with your 2014 federal income tax return by April 15, 2015. Federal income tax forms 2012 If you get an extension to file your return, the extension also will apply to your Schedule H. Federal income tax forms 2012 Filing options when no return is required. Federal income tax forms 2012   If you are not required to file a 2014 tax return, you have the following two options. Federal income tax forms 2012 You can file Schedule H by itself. Federal income tax forms 2012 See the Schedule H instructions for details. Federal income tax forms 2012 If, besides your household employee, you have other employees for whom you report employment taxes on Form 941, Form 944, or Form 943 and on Form 940, you can include your taxes for your household employee on those forms. Federal income tax forms 2012 See Business employment tax returns, next. Federal income tax forms 2012   Employers having the options listed above include certain tax-exempt organizations that do not have to file a tax return, such as churches that pay a household worker to take care of a minister's home. Federal income tax forms 2012 Business employment tax returns. Federal income tax forms 2012   Do not use Schedule H if you choose to pay the employment taxes for your household employee with business or farm employment taxes. Federal income tax forms 2012 (See Payment option for business employers, earlier. Federal income tax forms 2012 ) Instead, include the social security, Medicare, and withheld federal income taxes for the employee on the Form 941 or Form 944 you file for your business or on the Form 943 you file for your farm. Federal income tax forms 2012 Include the FUTA tax for the employee on your Form 940. Federal income tax forms 2012   If you report the employment taxes for your household employee on Form 941, Form 944, or Form 943, file Form W-2 for that employee with the Forms W-2 and Form W-3 for your business or farm employees. Federal income tax forms 2012   For information on filing Form 941 or Form 944, see Publication 15 (Circular E). Federal income tax forms 2012 For information on filing Form 943, see Publication 51 (Circular A), Agricultural Employer's Tax Guide. Federal income tax forms 2012 Both of these publications also provide information about filing Form 940. Federal income tax forms 2012 What Records Must You Keep? Keep your copies of Schedule H or other employment tax forms you file and related Forms W-2, W-3, and W-4. Federal income tax forms 2012 You must also keep records to support the information you enter on the forms you file. Federal income tax forms 2012 If you must file Form W-2, you will need to keep a record of your employee's name, address, and social security number. Federal income tax forms 2012 Wage and tax records. Federal income tax forms 2012   On each payday, you should record the date and amounts of all the following items. Federal income tax forms 2012 Your employee's cash and noncash wages. Federal income tax forms 2012 Any employee social security tax you withhold or agree to pay for your employee. Federal income tax forms 2012 Any employee Medicare tax you withhold or agree to pay for your employee. Federal income tax forms 2012 Any federal income tax you withhold. Federal income tax forms 2012 Any state employment taxes you withhold. Federal income tax forms 2012 Employee's social security number. Federal income tax forms 2012   You must keep a record of your employee's name and social security number exactly as they appear on his or her social security card if you pay the employee either of the following. Federal income tax forms 2012 Social security and Medicare wages of $1,900 or more. Federal income tax forms 2012 Wages from which you withhold federal income tax. Federal income tax forms 2012 You must ask for your employee's social security number no later than the first day on which you pay the wages. Federal income tax forms 2012 You may wish to ask for it when you hire your employee. Federal income tax forms 2012 You should ask your employee to show you his or her social security card. Federal income tax forms 2012 The employee may show the card if it is available. Federal income tax forms 2012 You may, but are not required to, photocopy the card if the employee provides it. Federal income tax forms 2012   An employee who does not have a social security number must apply for one on Form SS-5, Application for a Social Security Card. Federal income tax forms 2012 An employee who has lost his or her social security card or whose name is not correctly shown on the card may apply for a replacement card. Federal income tax forms 2012    Employees can get Form SS-5 from any Social Security Administration office or by calling 1-800-772-1213. Federal income tax forms 2012    You also can download Form SS-5 from the Social Security Administration website at  www. Federal income tax forms 2012 socialsecurity. Federal income tax forms 2012 gov/online/ss-5. Federal income tax forms 2012 pdf. Federal income tax forms 2012 How long to keep records. Federal income tax forms 2012   Keep your employment tax records for at least 4 years after the due date of the return on which you report the taxes or the date the taxes were paid, whichever is later. Federal income tax forms 2012 Can You Claim a Credit for Child and Dependent Care Expenses? If your household employee cares for your dependent who is under age 13 or for your spouse or dependent who is not capable of self-care, you may be able to take an income tax credit against some of your expenses. Federal income tax forms 2012 To qualify, you must pay these expenses so you can work or look for work. Federal income tax forms 2012 If you can take the credit, you can include in your qualifying expenses your share of the federal and state employment taxes you pay, as well as the employee's wages. Federal income tax forms 2012 For information about the credit, see Publication 503, Child and Dependent Care Expenses. Federal income tax forms 2012 How Can You Correct Schedule H? If you discover that you made an error on a Schedule H (or Anexo H-PR), the forms used to correct the error depend on whether the Schedule H was attached to another form or whether it was filed by itself. Federal income tax forms 2012 Schedule H attached to another form. Federal income tax forms 2012    If you discover an error on a Schedule H that you previously filed with Form 1040, Form 1040NR, or Form 1040-SS, file Form 1040X, Amended U. Federal income tax forms 2012 S. Federal income tax forms 2012 Individual Income Tax Return, and attach a corrected Schedule H. Federal income tax forms 2012 If you filed Formulario 1040-PR, file a Form 1040X and attach a corrected Anexo H-PR. Federal income tax forms 2012 If you discover an error on a Schedule H that you previously filed with Form 1041, U. Federal income tax forms 2012 S. Federal income tax forms 2012 Income Tax Return for Estates and Trusts, file an “amended” Form 1041 and attach a corrected Schedule H. Federal income tax forms 2012 You discovered (that is, ascertained) the error when you had enough information to be able to correct the error. Federal income tax forms 2012 Write “CORRECTED” (or “CORREGIDO”) and the date you discovered the error in the top margin of your corrected Schedule H (or Anexo H-PR), in dark, bold letters. Federal income tax forms 2012 In addition, explain the reason for your correction and the date the error was discovered in Part III of Form 1040X or in a statement attached to the amended Form 1041. Federal income tax forms 2012 Schedule H filed by itself. Federal income tax forms 2012   If you discover an error on a Schedule H (or Anexo H-PR) that you filed as a stand-alone return, file another stand-alone Schedule H with the corrected information. Federal income tax forms 2012 You discovered (that is, ascertained) the error when you had enough information to be able to correct the error. Federal income tax forms 2012 Write “CORRECTED” (or “CORREGIDO”) and the date you discovered the error in the top margin of your corrected Schedule H (or Anexo H-PR), in dark, bold letters. Federal income tax forms 2012 In addition, explain the reason for your correction and the date the error was discovered in a statement attached to the corrected Schedule H. Federal income tax forms 2012 If you have an overpayment, also write “ADJUSTED” (or “CORREGIDO”) or “REFUND” (or “REEMBOLSO”) in the top margin, depending on whether you want to adjust your overpayment or claim a refund. Federal income tax forms 2012 (See Overpayment of tax, later. Federal income tax forms 2012 ) When to file. Federal income tax forms 2012   File a corrected Schedule H when you discover an error on a previously filed Schedule H. Federal income tax forms 2012 If you are correcting an underpayment, file a corrected Schedule H no later than the due date of your next tax return (generally, April 15 of the following calendar year) after you discover the error. Federal income tax forms 2012 If you are correcting an overpayment, file a corrected Schedule H within the refund period of limitations (generally 3 years from the date your original form was filed or within 2 years from the date you paid the tax, whichever is later). Federal income tax forms 2012 Underpayment of tax. Federal income tax forms 2012   You must pay any underpayment of social security and Medicare taxes by the time you file the corrected Schedule H. Federal income tax forms 2012 Generally, by filing on time and paying by the time you file the return, you will not be charged interest (and will not be subject to failure-to-pay or estimated tax penalties) on the balance due. Federal income tax forms 2012 However, underreported FUTA taxes will be subject to interest. Federal income tax forms 2012 Overpayment of tax. Federal income tax forms 2012    You may either adjust or claim a refund of an overpayment of social security and Medicare taxes on a previously filed Schedule H. Federal income tax forms 2012 However, if you are correcting an overpayment and are filing the corrected Schedule H within 90 days of the expiration of the period of limitations, you can only claim a refund of the overpayment. Federal income tax forms 2012 Adjust the overpayment. Federal income tax forms 2012   If the corrected Schedule H is filed with a Form 1040X or an amended Form 1041, adjust your return by indicating on line 22 of the Form 1040X or on line 29a of the Form 1041 that you would like the overpayment applied to your estimated taxes on Form 1040, Form 1040NR, Form 1040-PR, Form 1040-SS, or Form 1041 for the year in which you are filing the corrected Schedule H. Federal income tax forms 2012 If the corrected Schedule H is filed as a stand-alone return, adjust your return by writing “ADJUSTED” (or “CORREGIDO”) in the top margin (in dark, bold letters). Federal income tax forms 2012 If you adjust your return, you will not receive interest on your overpayment. Federal income tax forms 2012 If the corrected Schedule H will be filed within 90 days of the expiration of the refund period of limitations, you may not adjust the return and must claim a refund for the overpayment. Federal income tax forms 2012 You may not adjust your return to correct overpayments of FUTA tax. Federal income tax forms 2012 Claim for refund process. Federal income tax forms 2012   If the corrected Schedule H is filed with a Form 1040X or an amended Form 1041, claim a refund by indicating that you would like the overpayment refunded to you on line 21 of the Form 1040X or line 29b of the Form 1041. Federal income tax forms 2012 If the corrected Schedule H is filed as a stand-alone return, claim a refund by writing “REFUND” (or “REEMBOLSO”) in the top margin (in dark, bold letters). Federal income tax forms 2012 You will receive interest on any overpayment refunded, unless the overpayment is for FUTA tax because you were entitled to increased credits for state contributions. Federal income tax forms 2012 Required repayment or consent. Federal income tax forms 2012   If you previously overreported social security and Medicare taxes, you may adjust your overpayment only after you have repaid or reimbursed your employees in the amount of the overcollection of employee tax. Federal income tax forms 2012 You reimburse your employees by applying the overwithheld amount against taxes to be withheld on future wages. Federal income tax forms 2012 You may claim a refund for the overpayment only after you have repaid or reimbursed your employees in the amount of the overcollection or you have obtained consents from your employees to file the claim for refund for the employee tax. Federal income tax forms 2012 Include a statement that you repaid or reimbursed your employees, or obtained their written consents in the case of a claim for refund, in Part III of Form 1040X or in a statement attached to the amended Form 1041 or the stand-alone corrected Schedule H. Federal income tax forms 2012 Filing required Forms W-2 or Forms W-2c. Federal income tax forms 2012   Whether you previously underreported tax or overreported tax, you will generally be required to file Form W-2, or their territorial equivalents (if none was previously filed), or Form W-2c, Corrected Wage and Tax Statement, to reflect the changes reported on your corrected Schedule H. Federal income tax forms 2012 Additional Medicare Tax. Federal income tax forms 2012   Generally, you may not correct an error in Additional Medicare Tax withholding for wages paid to employees in a prior year unless it is an administrative error. Federal income tax forms 2012 An administrative error occurs if the amount you entered on Schedule H is not the amount you actually withheld. Federal income tax forms 2012 For example, if the Additional Medicare Tax actually withheld was incorrectly reported on Schedule H due to a mathematical or transposition error, this would be an administrative error. Federal income tax forms 2012   Any underwithheld Additional Medicare Tax must be recovered from employees on or before the last day of the calendar year in which the underwithholding occurred. Federal income tax forms 2012 Any excess Additional Medicare Tax withholding must be repaid or reimbursed to employees before the end of the calendar year in which it was withheld. Federal income tax forms 2012 Additional information. Federal income tax forms 2012   For more information about correcting errors on a previously filed Schedule H, see page 4 of Form 944-X, Form 944-X: Which process should you use? (substitute “Schedule H” for “Form 944-X”) and the Instructions for Form 944-X (or Formulario 944-X (PR)). Federal income tax forms 2012 Also, visit IRS. Federal income tax forms 2012 gov. Federal income tax forms 2012 How To Get Tax Help Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. Federal income tax forms 2012 Free help with your tax return. Federal income tax forms 2012   You can get free help preparing your return nationwide from IRS-certified volunteers. Federal income tax forms 2012 The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. Federal income tax forms 2012 The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Federal income tax forms 2012 Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Federal income tax forms 2012 In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. Federal income tax forms 2012 To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. Federal income tax forms 2012 gov, download the IRS2Go app, or call 1-800-906-9887. Federal income tax forms 2012   As part of the TCE program, AARP offers the Tax-Aide counseling program. Federal income tax forms 2012 To find the nearest AARP Tax-Aide site, visit AARP's website at www. Federal income tax forms 2012 aarp. Federal income tax forms 2012 org/money/taxaide or call 1-888-227-7669. Federal income tax forms 2012 For more information on these programs, go to IRS. Federal income tax forms 2012 gov and enter “VITA” in the search box. Federal income tax forms 2012 Internet. Federal income tax forms 2012    IRS. Federal income tax forms 2012 gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. Federal income tax forms 2012 Download the free IRS2Go app from the iTunes app store or from Google Play. Federal income tax forms 2012 Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. Federal income tax forms 2012 Check the status of your 2013 refund with the Where's My Refund? application on IRS. Federal income tax forms 2012 gov or download the IRS2Go app and select the Refund Status option. Federal income tax forms 2012 The IRS issues more than 9 out of 10 refunds in less than 21 days. Federal income tax forms 2012 Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. Federal income tax forms 2012 You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. Federal income tax forms 2012 The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. Federal income tax forms 2012 Use the Interactive Tax Assistant (ITA) to research your tax questions. Federal income tax forms 2012 No need to wait on the phone or stand in line. Federal income tax forms 2012 The ITA is available 24 hours a day, 7 days a week, and provides you with a variety of tax information related to general filing topics, deductions, credits, and income. Federal income tax forms 2012 When you reach the response screen, you can print the entire interview and the final response for your records. Federal income tax forms 2012 New subject areas are added on a regular basis. Federal income tax forms 2012  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. Federal income tax forms 2012 gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. Federal income tax forms 2012 You can use the IRS Tax Map, to search publications and instructions by topic or keyword. Federal income tax forms 2012 The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. Federal income tax forms 2012 When the user searches the IRS Tax Map, they will be provided with links to related content in existing IRS publications, forms and instructions, questions and answers, and Tax Topics. Federal income tax forms 2012 Coming this filing season, you can immediately view and print for free all 5 types of individual federal tax transcripts (tax returns, tax account, record of account, wage and income statement, and certification of non-filing) using Get Transcript. Federal income tax forms 2012 You can also ask the IRS to mail a return or an account transcript to you. Federal income tax forms 2012 Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. Federal income tax forms 2012 gov or by calling 1-800-908-9946. Federal income tax forms 2012 Tax return and tax account transcripts are generally available for the current year and the past three years. Federal income tax forms 2012 Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. Federal income tax forms 2012 Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. Federal income tax forms 2012 If you received the First Time Homebuyer Credit, you can use the First Time Homebuyer Credit Account Look-up tool for information on your repayments and account balance. Federal income tax forms 2012 Check the status of your amended return using Where's My Amended Return? Go to IRS. Federal income tax forms 2012 gov and enter Where's My Amended Return? in the search box. Federal income tax forms 2012 You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. Federal income tax forms 2012 It can take up to 3 weeks from the date you mailed it to show up in our system. Federal income tax forms 2012 Make a payment using one of several safe and convenient electronic payment options available on IRS. Federal income tax forms 2012 gov. Federal income tax forms 2012 Select the Payment tab on the front page of IRS. Federal income tax forms 2012 gov for more information. Federal income tax forms 2012 Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. Federal income tax forms 2012 Figure your income tax withholding with the IRS Withholding Calculator on IRS. Federal income tax forms 2012 gov. Federal income tax forms 2012 Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. Federal income tax forms 2012 Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. Federal income tax forms 2012 gov. Federal income tax forms 2012 Request an Electronic Filing PIN by going to IRS. Federal income tax forms 2012 gov and entering Electronic Filing PIN in the search box. Federal income tax forms 2012 Download forms, instructions and publications, including accessible versions for people with disabilities. Federal income tax forms 2012 Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. Federal income tax forms 2012 gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. Federal income tax forms 2012 An employee can answer questions about your tax account or help you set up a payment plan. Federal income tax forms 2012 Before you visit, check the Office Locator on IRS. Federal income tax forms 2012 gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. Federal income tax forms 2012 If you have a special need, such as a disability, you can request an appointment. Federal income tax forms 2012 Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. Federal income tax forms 2012 Apply for an Employer Identification Number (EIN). Federal income tax forms 2012 Go to IRS. Federal income tax forms 2012 gov and enter Apply for an EIN in the search box. Federal income tax forms 2012 Read the Internal Revenue Code, regulations, or other official guidance. Federal income tax forms 2012 Read Internal Revenue Bulletins. Federal income tax forms 2012 Sign up to receive local and national tax news and more by email. Federal income tax forms 2012 Just click on “subscriptions” above the search box on IRS. Federal income tax forms 2012 gov and choose from a variety of options. Federal income tax forms 2012 Phone. Federal income tax forms 2012    You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. Federal income tax forms 2012 Download the free IRS2Go app from the iTunes app store or from Google Play. Federal income tax forms 2012 Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. Federal income tax forms 2012 gov, or download the IRS2Go app. Federal income tax forms 2012 Low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. Federal income tax forms 2012 The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Federal income tax forms 2012 Most VITA and TCE sites offer free electronic filing. Federal income tax forms 2012 Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. Federal income tax forms 2012 Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. Federal income tax forms 2012 Call the automated Where's My Refund? information hotline to check the status of your 2013 refund 24 hours a day, 7 days a week at 1-800-829-1954. Federal income tax forms 2012 If you e-file, you can start checking on the status of your return within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. Federal income tax forms 2012 The IRS issues more than 9 out of 10 refunds in less than 21 days. Federal income tax forms 2012 Where's My Refund? will give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. Federal income tax forms 2012 Before you call this automated hotline, have your 2013 tax return handy so you can enter your social security number, your filing status, and the exact whole dollar amount of your refund. Federal income tax forms 2012 The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. Federal income tax forms 2012 Note, the above information is for our automated hotline. Federal income tax forms 2012 Our live phone and walk-in assistors can research the status of your refund only if it's been 21 days or more since you filed electronically or more than 6 weeks since you mailed your paper return. Federal income tax forms 2012 Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. Federal income tax forms 2012 You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. Federal income tax forms 2012 It can take up to 3 weeks from the date you mailed it to show up in our system. Federal income tax forms 2012 Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, publications, and prior-year forms and instructions (limited to 5 years). Federal income tax forms 2012 You should receive your order within 10 business days. Federal income tax forms 2012 Call TeleTax, 1-800-829-4477, to listen to pre-recorded messages covering general and business tax information. Federal income tax forms 2012 If, between January and April 15, you still have questions about the Form 1040, 1040A, or 1040EZ (like filing requirements, dependents, credits, Schedule D, pensions and IRAs or self-employment taxes), call 1-800-829-1040. Federal income tax forms 2012 Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. Federal income tax forms 2012 The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. Federal income tax forms 2012 These individuals can also contact the IRS through relay services such as the Federal Relay Service. Federal income tax forms 2012 Walk-in. Federal income tax forms 2012   You can find a selection of forms, publications and services — in-person. Federal income tax forms 2012 Products. Federal income tax forms 2012 You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Federal income tax forms 2012 Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. Federal income tax forms 2012 Services. Federal income tax forms 2012 You can walk in to your local TAC for face-to-face tax help. Federal income tax forms 2012 An employee can answer questions about your tax account or help you set up a payment plan. Federal income tax forms 2012 Before visiting, use the Office Locator tool on IRS. Federal income tax forms 2012 gov, or choose the Contact Us option on the IRS2Go app and search Local Offices for days and hours of operation, and services provided. Federal income tax forms 2012 Mail. Federal income tax forms 2012   You can send your order for forms, instructions, and publications to the address below. Federal income tax forms 2012 You should receive a response within 10 business days after your request is received. Federal income tax forms 2012 Internal Revenue Service 1201 N. Federal income tax forms 2012 Mitsubishi Motorway Bloomington, IL 61705-6613    The Taxpayer Advocate Service Is Here to Help You. Federal income tax forms 2012 The Taxpayer Advocate Service (TAS) is your voice at the IRS. Federal income tax forms 2012 Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. Federal income tax forms 2012   What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. Federal income tax forms 2012 We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. Federal income tax forms 2012 You face (or your business is facing) an immediate threat of adverse action. Federal income tax forms 2012 You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. Federal income tax forms 2012   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. Federal income tax forms 2012 Here's why we can help: TAS is an independent organization within the IRS. Federal income tax forms 2012 Our advocates know how to work with the IRS. Federal income tax forms 2012 Our services are free and tailored to meet your needs. Federal income tax forms 2012 We have offices in every state, the District of Columbia, and Puerto Rico. Federal income tax forms 2012   How can you reach us? If you think TAS can help you, call your local advocate, whose number is in your local directory and at Taxpayer Advocate, or call us toll-free at 1-877-777-4778. Federal income tax forms 2012   How else does TAS help taxpayers?  TAS also works to resolve large-scale, systemic problems that affect many taxpayers. Federal income tax forms 2012 If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System. Federal income tax forms 2012 Low Income Taxpayer Clinics Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals and tax collection disputes. Federal income tax forms 2012 Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. Federal income tax forms 2012 Visit Taxpayer Advocate or see IRS Publication 4134, Low Income Taxpayer Clinic List. Federal income tax forms 2012 Sample W-2 Form This image is too large to be displayed in the current screen. Federal income tax forms 2012 Please click the link to view the image. Federal income tax forms 2012 Webtitle: Form W-2 Wage and Tax Statement and Form W-3 Transmitttal of Wage and Tax Statemtents Prev  Up  Next   Home   More Online Publications