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Federal Tax Form 941 2012

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Federal Tax Form 941 2012

Federal tax form 941 2012 1. Federal tax form 941 2012   Filing Information Table of Contents Topics - This chapter discusses: Useful Items - You may want to see: Filing RequirementsWhen To File and Pay Foreign Currency Does My Return Have To Be On Paper? Where To File Nonresident Alien Spouse Treated as a ResidentSocial Security Number (SSN) How To Make the Choice Suspending the Choice Ending the Choice Estimated Tax Other Forms You May Have To File Topics - This chapter discusses: Whether you have to file a return, When to file your return and pay any tax due, How to treat foreign currency, How to file electronically, Where to file your return, When you can treat your nonresident alien spouse as a resident, and When you may have to make estimated tax payments. Federal tax form 941 2012 Useful Items - You may want to see: Publication 3 Armed Forces' Tax Guide 501 Exemptions, Standard Deduction, and Filing Information 505 Tax Withholding and Estimated Tax 519 U. Federal tax form 941 2012 S. Federal tax form 941 2012 Tax Guide for Aliens 970 Tax Benefits for Education Form (and Instructions) 1040-ES Estimated Tax for Individuals 1040X Amended U. Federal tax form 941 2012 S. Federal tax form 941 2012 Individual Income Tax Return 2350 Application for Extension of Time To File U. Federal tax form 941 2012 S. Federal tax form 941 2012 Income Tax Return 2555 Foreign Earned Income 2555-EZ Foreign Earned Income Exclusion 4868 Application for Automatic Extension of Time To File U. Federal tax form 941 2012 S. Federal tax form 941 2012 Individual Income Tax Return 8822 Change of Address See chapter 7 for information about getting these publications and forms. Federal tax form 941 2012 Filing Requirements If you are a U. Federal tax form 941 2012 S. Federal tax form 941 2012 citizen or resident alien, the rules for filing income, estate, and gift tax returns and for paying estimated tax are generally the same whether you are in the United States or abroad. Federal tax form 941 2012 Your income, filing status, and age generally determine whether you must file an income tax return. Federal tax form 941 2012 Generally, you must file a return for 2013 if your gross income from worldwide sources is at least the amount shown for your filing status in the following table. Federal tax form 941 2012 Filing Status*   Amount Single $10,000 65 or older $11,500 Head of household $12,850 65 or older $14,350 Qualifying widow(er) $16,100 65 or older $17,300 Married filing jointly $20,000 Not living with spouse at end of year $3,900 One spouse 65 or older $21,200 Both spouses 65 or older $22,400 Married filing separately $3,900 *If you are the dependent of another taxpayer, see the instructions for Form 1040 for more information on whether you must file a return. Federal tax form 941 2012 Gross income. Federal tax form 941 2012   This includes all income you receive in the form of money, goods, property, and services that is not exempt from tax. Federal tax form 941 2012   For purposes of determining whether you must file a return, gross income includes any income that you can exclude as foreign earned income or as a foreign housing amount. Federal tax form 941 2012 If you are self-employed, your gross income includes the amount on Part I, line 7 of Schedule C (Form 1040), Profit or Loss From Business, or line 1 of Schedule C-EZ (Form 1040), Net Profit From Business. Federal tax form 941 2012 Self-employed individuals. Federal tax form 941 2012   If your net earnings from self-employment are $400 or more, you must file a return even if your gross income is below the amount listed for your filing status in the table shown earlier. Federal tax form 941 2012 Net earnings from self-employment are defined in Publication 334, Tax Guide for Small Business. Federal tax form 941 2012 65 or older. Federal tax form 941 2012   You are considered to be age 65 on the day before your 65th birthday. Federal tax form 941 2012 For example, if your 65th birthday is on January 1, 2014, you are considered 65 for 2013. Federal tax form 941 2012 Residents of U. Federal tax form 941 2012 S. Federal tax form 941 2012 possessions. Federal tax form 941 2012   If you are (or were) a bona fide resident of a U. Federal tax form 941 2012 S. Federal tax form 941 2012 possession, you may be required to file Form 8898, Statement for Individuals Who Begin or End Bona Fide Residence in a U. Federal tax form 941 2012 S. Federal tax form 941 2012 Possession. Federal tax form 941 2012 See the instructions for the form for more information. Federal tax form 941 2012 When To File and Pay If you file on a calendar year basis, the due date for filing your return is April 15 of the following year. Federal tax form 941 2012 If you file on a fiscal year basis (a year ending on the last day of any month except December), the due date is 3 months and 15 days after the close of your fiscal year. Federal tax form 941 2012 In general, the tax shown on your return should be paid by the due date of the return, without regard to any extension of time for filing the return. Federal tax form 941 2012 When the due date for doing any act for tax purposes—filing a return, paying taxes, etc. Federal tax form 941 2012 — falls on a Saturday, Sunday, or legal holiday, the due date is delayed until the next business day. Federal tax form 941 2012 A tax return delivered by the U. Federal tax form 941 2012 S. Federal tax form 941 2012 mail or a designated delivery service that is postmarked or dated by the delivery service on or before the due date is considered to have been filed on or before that date. Federal tax form 941 2012 See your Form 1040 or Form 1040A instructions for a list of designated delivery services. Federal tax form 941 2012 Foreign wire transfers. Federal tax form 941 2012   If you have a U. Federal tax form 941 2012 S. Federal tax form 941 2012 bank account, you can use: EFTPS (Electronic Federal Tax Payment System), or Federal Tax Application (same-day wire transfer). Federal tax form 941 2012 If you do not have a U. Federal tax form 941 2012 S. Federal tax form 941 2012 bank account, ask if your financial institution has a U. Federal tax form 941 2012 S. Federal tax form 941 2012 affiliate that can help you make same-day wire transfers. Federal tax form 941 2012   For more information, visit www. Federal tax form 941 2012 eftps. Federal tax form 941 2012 gov. Federal tax form 941 2012 Extensions You can get an extension of time to file your return. Federal tax form 941 2012 In some circumstances, you also can get an extension of time to file and pay any tax due. Federal tax form 941 2012 However, if you pay the tax due after the regular due date, interest will be charged from the regular due date until the date the tax is paid. Federal tax form 941 2012 This publication discusses four extensions: an automatic 2-month extension, an automatic 6-month extension, an additional extension for taxpayers out of the country, and an extension of time to meet tests. Federal tax form 941 2012 If you served in a combat zone or qualified hazardous duty area, see Publication 3 for a discussion of extensions of deadlines. Federal tax form 941 2012 Automatic 2-month extension. Federal tax form 941 2012   You are allowed an automatic 2-month extension to file your return and pay federal income tax if you are a U. Federal tax form 941 2012 S. Federal tax form 941 2012 citizen or resident alien, and on the regular due date of your return: You are living outside the United States and Puerto Rico and your main place of business or post of duty is outside the United States and Puerto Rico, or You are in military or naval service on duty outside the United States and Puerto Rico. Federal tax form 941 2012   If you use a calendar year, the regular due date of your return is April 15. Federal tax form 941 2012 Even if you are allowed an extension, you will have to pay interest on any tax not paid by the regular due date of your return. Federal tax form 941 2012 Married taxpayers. Federal tax form 941 2012   If you file a joint return, either you or your spouse can qualify for the automatic extension. Federal tax form 941 2012 If you and your spouse file separate returns, this automatic extension applies only to the spouse who qualifies for it. Federal tax form 941 2012 How to get the extension. Federal tax form 941 2012   To use this automatic 2-month extension, you must attach a statement to your return explaining which of the two situations listed earlier qualified you for the extension. Federal tax form 941 2012 Automatic 6-month extension. Federal tax form 941 2012   If you are not able to file your return by the due date, you generally can get an automatic 6-month extension of time to file (but not of time to pay). Federal tax form 941 2012 To get this automatic extension, you must file a paper Form 4868 or use IRS e-file (electronic filing). Federal tax form 941 2012 For more information about filing electronically, see E-file options , later. Federal tax form 941 2012   The form must show your properly estimated tax liability based on the information available to you. Federal tax form 941 2012    You may not be eligible. Federal tax form 941 2012 You cannot use the automatic 6-month extension of time to file if: You want the IRS to figure your tax, or You are under a court order to file by the regular due date. Federal tax form 941 2012 E-file options. Federal tax form 941 2012    You can use e-file to get an extension of time to file. Federal tax form 941 2012 You can either file Form 4868 electronically or you can pay part or all of your estimate of tax due using a credit or debit card. Federal tax form 941 2012   First, complete Form 4868 to use as a worksheet. Federal tax form 941 2012 If you think you may owe tax when you file your return, use Part II of the form to estimate your balance due. Federal tax form 941 2012    Then, do one of the following. Federal tax form 941 2012 E-file Form 4868. Federal tax form 941 2012 You can use a tax software package with your personal computer or a tax professional to file Form 4868 electronically. Federal tax form 941 2012 You will need to provide certain information from your tax return for 2012. Federal tax form 941 2012 If you wish to make a payment by electronic funds withdrawal, see the instructions for Form 4868. Federal tax form 941 2012 If you e-file Form 4868, do not also send a paper Form 4868. Federal tax form 941 2012 E-file and pay by credit or debit card. Federal tax form 941 2012 You can get an extension by paying part or all of your estimate of tax due by using a credit or debit card. Federal tax form 941 2012 You can do this by phone or over the Internet. Federal tax form 941 2012 If you do this, you do not file Form 4868. Federal tax form 941 2012 For more information, see the instructions for your tax return. Federal tax form 941 2012 When to file. Federal tax form 941 2012   Generally, you must request the 6-month extension by the regular due date of your return. Federal tax form 941 2012 Previous 2-month extension. Federal tax form 941 2012   If you cannot file your return within the automatic 2-month extension period, you generally can get an additional 4 months to file your return, for a total of 6 months. Federal tax form 941 2012 The 2-month period and the 6-month period start at the same time. Federal tax form 941 2012 You have to request the additional 4 months by the new due date allowed by the 2-month extension. Federal tax form 941 2012   The additional 4 months of time to file (unlike the original 2-month extension) is not an extension of time to pay. Federal tax form 941 2012 You must make an accurate estimate of your tax based on the information available to you. Federal tax form 941 2012 If you find you cannot pay the full amount due with Form 4868, you can still get the extension. Federal tax form 941 2012 You will owe interest on the unpaid amount from the original due date of the return. Federal tax form 941 2012   You also may be charged a penalty for paying the tax late unless you have reasonable cause for not paying your tax when due. Federal tax form 941 2012 Penalties for paying the tax late are assessed from the original due date of your return, unless you qualify for the automatic 2-month extension. Federal tax form 941 2012 In that situation, penalties for paying late are assessed from the extended due date of the payment (June 15 for calendar year taxpayers). Federal tax form 941 2012 Additional extension of time for taxpayers out of the country. Federal tax form 941 2012   In addition to the 6-month extension, taxpayers who are out of the country can request a discretionary 2-month additional extension of time to file their returns (to December 15 for calendar year taxpayers). Federal tax form 941 2012   To request this extension, you must send the Internal Revenue Service a letter explaining the reasons why you need the additional 2 months. Federal tax form 941 2012 Send the letter by the extended due date (October 15 for calendar year taxpayers) to the following address: Department of the Treasury Internal Revenue Service Center Austin, TX 73301-0045   You will not receive any notification from the Internal Revenue Service unless your request is denied. Federal tax form 941 2012   The discretionary 2-month additional extension is not available to taxpayers who have an approved extension of time to file on Form 2350, discussed next. Federal tax form 941 2012 Extension of time to meet tests. Federal tax form 941 2012   You generally cannot get an extension of more than 6 months. Federal tax form 941 2012 However, if you are outside the United States and meet certain requirements, you may be able to get a longer extension. Federal tax form 941 2012   You can get an extension of more than 6 months to file your tax return if you need the time to meet either the bona fide residence test or the physical presence test to qualify for either the foreign earned income exclusion or the foreign housing exclusion or deduction. Federal tax form 941 2012 The tests, the exclusions, and the deduction are explained in chapter 4. Federal tax form 941 2012   You should request an extension if all three of the following apply. Federal tax form 941 2012 You are a U. Federal tax form 941 2012 S. Federal tax form 941 2012 citizen or resident alien. Federal tax form 941 2012 You expect to meet either the bona fide residence test or the physical presence test, but not until after your tax return is due. Federal tax form 941 2012 Your tax home is in a foreign country (or countries) throughout your period of bona fide residence or physical presence, whichever applies. Federal tax form 941 2012   If you are granted an extension, it generally will be to 30 days beyond the date on which you can reasonably expect to qualify for an exclusion or deduction under either the bona fide residence test or the physical presence test. Federal tax form 941 2012 However, if you have moving expenses that are for services performed in 2 years, you may be granted an extension until after the end of the second year. Federal tax form 941 2012 How to get an extension. Federal tax form 941 2012   To obtain an extension, file Form 2350 either by giving it to a local IRS representative or other IRS employee or by mailing it to the: Department of the Treasury Internal Revenue Service Center Austin, TX 73301-0045   You must file Form 2350 by the due date for filing your return. Federal tax form 941 2012 Generally, if both your tax home and your abode are outside the United States and Puerto Rico on the regular due date of your return and you file on a calendar year basis, the due date for filing your return is June 15. Federal tax form 941 2012 What if tests are not met. Federal tax form 941 2012   If you obtain an extension and unforeseen events make it impossible for you to meet either the bona fide residence test or the physical presence test, you should file your income tax return as soon as possible because you must pay interest on any tax due after the regular due date of the return (even though an extension was granted). Federal tax form 941 2012    You should make any request for an extension early, so that if it is denied you still can file your return on time. Federal tax form 941 2012 Otherwise, if you file late and additional tax is due, you may be subject to a penalty. Federal tax form 941 2012 Return filed before test is met. Federal tax form 941 2012   If you file a return before you meet the bona fide residence test or the physical presence test, you must include all income from both U. Federal tax form 941 2012 S. Federal tax form 941 2012 and foreign sources and pay the tax on that income. Federal tax form 941 2012 If you later meet either of the tests, you can claim the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction on Form 1040X. Federal tax form 941 2012 Foreign Currency You must express the amounts you report on your U. Federal tax form 941 2012 S. Federal tax form 941 2012 tax return in U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollars. Federal tax form 941 2012 If you receive all or part of your income or pay some or all of your expenses in foreign currency, you must translate the foreign currency into U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollars. Federal tax form 941 2012 How you do this depends on your functional currency. Federal tax form 941 2012 Your functional currency generally is the U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollar unless you are required to use the currency of a foreign country. Federal tax form 941 2012 You must make all federal income tax determinations in your functional currency. Federal tax form 941 2012 The U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollar is the functional currency for all taxpayers except some qualified business units (QBUs). Federal tax form 941 2012 A QBU is a separate and clearly identified unit of a trade or business that maintains separate books and records. Federal tax form 941 2012 Even if you have a QBU, your functional currency is the dollar if any of the following apply. Federal tax form 941 2012 You conduct the business in U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollars. Federal tax form 941 2012 The principal place of business is located in the United States. Federal tax form 941 2012 You choose to or are required to use the U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollar as your functional currency. Federal tax form 941 2012 The business books and records are not kept in the currency of the economic environment in which a significant part of the business activities is conducted. Federal tax form 941 2012 Make all income tax determinations in your functional currency. Federal tax form 941 2012 If your functional currency is the U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollar, you must immediately translate into U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollars all items of income, expense, etc. Federal tax form 941 2012 (including taxes), that you receive, pay, or accrue in a foreign currency and that will affect computation of your income tax. Federal tax form 941 2012 Use the exchange rate prevailing when you receive, pay, or accrue the item. Federal tax form 941 2012 If there is more than one exchange rate, use the one that most properly reflects your income. Federal tax form 941 2012 You can generally get exchange rates from banks and U. Federal tax form 941 2012 S. Federal tax form 941 2012 Embassies. Federal tax form 941 2012 If your functional currency is not the U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollar, make all income tax determinations in your functional currency. Federal tax form 941 2012 At the end of the year, translate the results, such as income or loss, into U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollars to report on your income tax return. Federal tax form 941 2012 Blocked Income You generally must report your foreign income in terms of U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollars and, with one exception (see Fulbright Grant, later), you must pay taxes due on it in U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollars. Federal tax form 941 2012 If, because of restrictions in a foreign country, your income is not readily convertible into U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollars or into other money or property that is readily convertible into U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollars, your income is “blocked” or “deferrable” income. Federal tax form 941 2012 You can report this income in one of two ways: Report the income and pay your federal income tax with U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollars that you have in the United States or in some other country, or Postpone the reporting of the income until it becomes unblocked. Federal tax form 941 2012 If you choose to postpone the reporting of the income, you must file an information return with your tax return. Federal tax form 941 2012 For this information return, you should use another Form 1040 labeled “Report of Deferrable Foreign Income, pursuant to Rev. Federal tax form 941 2012 Rul. Federal tax form 941 2012 74-351. Federal tax form 941 2012 ” You must declare on the information return that you will include the deferrable income in your taxable income for the year that it becomes unblocked. Federal tax form 941 2012 You also must state that you waive any right to claim that the deferrable income was includible in your income for any earlier year. Federal tax form 941 2012 You must report your income on your information return using the foreign currency in which you received that income. Federal tax form 941 2012 If you have blocked income from more than one foreign country, include a separate information return for each country. Federal tax form 941 2012 Income becomes unblocked and reportable for tax purposes when it becomes convertible, or when it is converted, into U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollars or into other money or property that is convertible into U. Federal tax form 941 2012 S. Federal tax form 941 2012 currency. Federal tax form 941 2012 Also, if you use blocked income for your personal expenses or dispose of it by gift, bequest, or devise, you must treat it as unblocked and reportable. Federal tax form 941 2012 If you have received blocked income on which you have not paid tax, you should check to see whether that income is still blocked. Federal tax form 941 2012 If it is not, you should take immediate steps to pay tax on it, file a declaration or amended declaration of estimated tax, and include the income on your tax return for the year in which the income became unblocked. Federal tax form 941 2012 If you choose to postpone reporting blocked income and in a later tax year you wish to begin including it in gross income although it is still blocked, you must obtain the permission of the IRS to do so. Federal tax form 941 2012 To apply for permission, file Form 3115, Application for Change in Accounting Method. Federal tax form 941 2012 You also must request permission from the IRS on Form 3115 if you have not chosen to defer the reporting of blocked income in the past, but now wish to begin reporting blocked income under the deferred method. Federal tax form 941 2012 See the instructions for Form 3115 for information on changing your accounting method. Federal tax form 941 2012 Fulbright Grant All income must be reported in U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollars. Federal tax form 941 2012 In most cases, the tax also must be paid in U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollars. Federal tax form 941 2012 If, however, at least 70% of your Fulbright grant has been paid in nonconvertible foreign currency (blocked income), you can use the currency of the host country to pay the part of the U. Federal tax form 941 2012 S. Federal tax form 941 2012 tax that is based on the blocked income. Federal tax form 941 2012 Paying U. Federal tax form 941 2012 S. Federal tax form 941 2012 tax in foreign currency. Federal tax form 941 2012   To qualify for this method of payment, you must prepare a statement that shows the following information. Federal tax form 941 2012 You were a Fulbright grantee and were paid in nonconvertible foreign currency. Federal tax form 941 2012 The total grant you received during the year and the amount you received in nonconvertible foreign currency. Federal tax form 941 2012 At least 70% of the grant was paid in nonconvertible foreign currency. Federal tax form 941 2012 The statement must be certified by the U. Federal tax form 941 2012 S. Federal tax form 941 2012 educational foundation or commission paying the grant or other person having control of grant payments to you. Federal tax form 941 2012   You should prepare at least two copies of this statement. Federal tax form 941 2012 Attach one copy to your Form 1040 and keep the other copy for identification purposes when you make a tax deposit of nonconvertible foreign currency. Federal tax form 941 2012 Figuring actual tax. Federal tax form 941 2012   When you prepare your income tax return, you may owe tax or the entire liability may have been satisfied with your estimated tax payments. Federal tax form 941 2012 If you owe tax, figure the part due to (and payable in) the nonconvertible foreign currency by using the following formula. Federal tax form 941 2012   Adjusted gross income that is blocked income × Total U. Federal tax form 941 2012 S. Federal tax form 941 2012 tax = Tax on blocked income     Total adjusted  gross income     You must attach all of the following to the return. Federal tax form 941 2012 A copy of the certified statement discussed earlier. Federal tax form 941 2012 A detailed statement showing the allocation of tax attributable to amounts received in foreign currency and the rates of exchange used in determining your tax liability in U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollars. Federal tax form 941 2012 The original deposit receipt for any balance of tax due that you paid in nonconvertible foreign currency. Federal tax form 941 2012 Figuring estimated tax on nonconvertible foreign currency. Federal tax form 941 2012   If you are liable for estimated tax (discussed later), figure the amount you can pay to the IRS in nonconvertible foreign currency using the following formula. Federal tax form 941 2012   Adjusted gross income that is blocked income × Total estimated U. Federal tax form 941 2012 S. Federal tax form 941 2012 tax = Estimated tax on blocked income     Total adjusted  gross income     If you must pay your host country income tax on your grant, subtract any estimated foreign tax credit that applies to your grant from the estimated tax on the blocked income. Federal tax form 941 2012 Deposit of foreign currency with disbursing officer. Federal tax form 941 2012   Once you have determined the amount of the actual tax or estimated tax that you can pay in nonconvertible foreign currency, deposit that amount with the disbursing officer of the Department of State in the foreign country in which the foundation or commission paying the grant is located. Federal tax form 941 2012 Estimated tax installments. Federal tax form 941 2012   You can either deposit the full estimated tax amount before the first installment due date or make four equal payments before the installment due dates. Federal tax form 941 2012 See Estimated Tax , later. Federal tax form 941 2012 Deposit receipt. Federal tax form 941 2012   Upon accepting the foreign currency, the disbursing officer will give you a receipt in duplicate. Federal tax form 941 2012 The original of this receipt (showing the amount of foreign currency deposited and its equivalent in U. Federal tax form 941 2012 S. Federal tax form 941 2012 dollars) should be attached to your Form 1040 or payment voucher from Form 1040-ES. Federal tax form 941 2012 Keep the copy for your records. Federal tax form 941 2012 Does My Return Have To Be On Paper? IRS e-file (electronic filing) is the fastest, easiest, and most convenient way to file your income tax return electronically. Federal tax form 941 2012 IRS e-file offers accurate, safe, and fast alternatives to filing on paper. Federal tax form 941 2012 IRS computers quickly and automatically check for errors or other missing information. Federal tax form 941 2012 Even returns with a foreign address can be e-filed! How to e-file. Federal tax form 941 2012   There are three ways you can e-file. Federal tax form 941 2012 Use your personal computer. Federal tax form 941 2012 Use a volunteer. Federal tax form 941 2012 Many programs offering free tax help can e-file your return. Federal tax form 941 2012 Use a tax professional. Federal tax form 941 2012 Most tax professionals can e-file your return. Federal tax form 941 2012 These methods are explained in detail in the instructions for your tax return. Federal tax form 941 2012 Where To File If any of the following situations apply to you, do not file your return with the service center listed for your home state. Federal tax form 941 2012 You claim the foreign earned income exclusion. Federal tax form 941 2012 You claim the foreign housing exclusion or deduction. Federal tax form 941 2012 You live in a foreign country. Federal tax form 941 2012 Instead, use one of the following special addresses. Federal tax form 941 2012 If you are not enclosing a check or money order, file your return with the: Department of the Treasury Internal Revenue Service Center Austin, TX 73301-0215 USA If you are enclosing a check or money order, file your return with: Internal Revenue Service Center P. Federal tax form 941 2012 O. Federal tax form 941 2012 Box 1303 Charlotte, NC 28201-1303 USA If you do not know where your legal residence is and you do not have a principal place of business in the United States, you can file with the appropriate address listed above. Federal tax form 941 2012 However, you should not file with the addresses listed above if you are a bona fide resident of the U. Federal tax form 941 2012 S. Federal tax form 941 2012 Virgin Islands, Guam, or the Commonwealth of the Northern Mariana Islands during your entire tax year. Federal tax form 941 2012 Resident of U. Federal tax form 941 2012 S. Federal tax form 941 2012 Virgin Islands (USVI). Federal tax form 941 2012   If you are a bona fide resident of the USVI during your entire tax year, you generally are not required to file a U. Federal tax form 941 2012 S. Federal tax form 941 2012 return. Federal tax form 941 2012 However, you must file a return with the USVI. Federal tax form 941 2012    Send your return to the:     Virgin Islands Bureau of Internal Revenue 6115 Estate Smith Bay Suite 225 St. Federal tax form 941 2012 Thomas, Virgin Islands 00802 Non-USVI resident with USVI income. Federal tax form 941 2012   If you are a U. Federal tax form 941 2012 S. Federal tax form 941 2012 citizen or resident alien and you have income from sources in the USVI or income effectively connected with the conduct of a trade or business in the USVI, and you are not a bona fide resident of the USVI during your entire tax year, you must file identical tax returns with the United States and the USVI. Federal tax form 941 2012 File the original return with the United States and file a signed copy of the U. Federal tax form 941 2012 S. Federal tax form 941 2012 return (including all attachments, forms, and schedules) with the Virgin Islands Bureau of Internal Revenue. Federal tax form 941 2012   You must complete Form 8689, Allocation of Individual Income Tax to the U. Federal tax form 941 2012 S. Federal tax form 941 2012 Virgin Islands, and attach a copy to both your U. Federal tax form 941 2012 S. Federal tax form 941 2012 return and your USVI return. Federal tax form 941 2012 You should file your U. Federal tax form 941 2012 S. Federal tax form 941 2012 return with the address listed under Where To File. Federal tax form 941 2012   See Publication 570, Tax Guide for Individuals With Income From U. Federal tax form 941 2012 S. Federal tax form 941 2012 Possessions, for information about filing Virgin Islands returns. Federal tax form 941 2012 Resident of Guam. Federal tax form 941 2012   If you are a bona fide resident of Guam during your entire tax year, you should file a return with Guam. Federal tax form 941 2012    Send your return to the:     Department of Revenue and Taxation Government of Guam P. Federal tax form 941 2012 O. Federal tax form 941 2012 Box 23607 GMF, GU 96921   However, if you have income from sources within Guam and you are a U. Federal tax form 941 2012 S. Federal tax form 941 2012 citizen or resident alien, but not a bona fide resident of Guam during the entire tax year, you should file a return with the United States. Federal tax form 941 2012 Send your return to the address listed under Where To File. Federal tax form 941 2012   See Publication 570 for information about filing Guam returns. Federal tax form 941 2012 Resident of the Commonwealth of the Northern Mariana Islands. Federal tax form 941 2012   If you are a bona fide resident of the Commonwealth of the Northern Mariana Islands (CNMI) during your entire tax year, you should file a return with the Northern Mariana Islands. Federal tax form 941 2012    Send your return to the:      Division of Revenue and Taxation Commonwealth of the Northern Mariana Islands P. Federal tax form 941 2012 O. Federal tax form 941 2012 Box 5234, CHRB Saipan, MP 96950   However, if you have income from sources within the CNMI and you are a U. Federal tax form 941 2012 S. Federal tax form 941 2012 citizen or resident alien, but not a bona fide resident of the CNMI during the entire tax year, you should file a return with the United States. Federal tax form 941 2012 Send your return to the address listed under Where To File. Federal tax form 941 2012   See Publication 570 for information about filing Northern Mariana Islands returns. Federal tax form 941 2012 Nonresident Alien Spouse Treated as a Resident If, at the end of your tax year, you are married and one spouse is a U. Federal tax form 941 2012 S. Federal tax form 941 2012 citizen or a resident alien and the other is a nonresident alien, you can choose to treat the nonresident as a U. Federal tax form 941 2012 S. Federal tax form 941 2012 resident. Federal tax form 941 2012 This includes situations in which one of you is a nonresident alien at the beginning of the tax year and a resident alien at the end of the year and the other is a nonresident alien at the end of the year. Federal tax form 941 2012 If you make this choice, the following two rules apply. Federal tax form 941 2012 You and your spouse are treated, for income tax purposes, as residents for all tax years that the choice is in effect. Federal tax form 941 2012 You must file a joint income tax return for the year you make the choice. Federal tax form 941 2012 This means that neither of you can claim under any tax treaty not to be a U. Federal tax form 941 2012 S. Federal tax form 941 2012 resident for a tax year for which the choice is in effect. Federal tax form 941 2012 You can file joint or separate returns in years after the year in which you make the choice. Federal tax form 941 2012 Example 1. Federal tax form 941 2012 Pat Smith, a U. Federal tax form 941 2012 S. Federal tax form 941 2012 citizen, is married to Norman, a nonresident alien. Federal tax form 941 2012 Pat and Norman make the choice to treat Norman as a resident alien by attaching a statement to their joint return. Federal tax form 941 2012 Pat and Norman must report their worldwide income for the year they make the choice and for all later years unless the choice is ended or suspended. Federal tax form 941 2012 Although Pat and Norman must file a joint return for the year they make the choice, they can file either joint or separate returns for later years. Federal tax form 941 2012 Example 2. Federal tax form 941 2012 When Bob and Sharon Williams got married, both were nonresident aliens. Federal tax form 941 2012 In June of last year, Bob became a resident alien and remained a resident for the rest of the year. Federal tax form 941 2012 Bob and Sharon both choose to be treated as resident aliens by attaching a statement to their joint return for last year. Federal tax form 941 2012 Bob and Sharon must report their worldwide income for last year and all later years unless the choice is ended or suspended. Federal tax form 941 2012 Bob and Sharon must file a joint return for last year, but they can file either joint or separate returns for later years. Federal tax form 941 2012 If you do not choose to treat your nonresident alien spouse as a U. Federal tax form 941 2012 S. Federal tax form 941 2012 resident, you may be able to use head of household filing status. Federal tax form 941 2012 To use this status, you must pay more than half the cost of maintaining a household for certain dependents or relatives other than your nonresident alien spouse. Federal tax form 941 2012 For more information, see Publication 501. Federal tax form 941 2012 Social Security Number (SSN) If you choose to treat your nonresident alien spouse as a U. Federal tax form 941 2012 S. Federal tax form 941 2012 resident, your spouse must have either an SSN or an individual taxpayer identification number (ITIN). Federal tax form 941 2012 To get an SSN for a nonresident alien spouse, apply at an office of the U. Federal tax form 941 2012 S. Federal tax form 941 2012 Social Security Administration (SSA) or U. Federal tax form 941 2012 S. Federal tax form 941 2012 consulate. Federal tax form 941 2012 You must complete Form SS-5, Application for a Social Security Card, available at www. Federal tax form 941 2012 socialsecurity. Federal tax form 941 2012 gov or by calling 1-800-772-1213. Federal tax form 941 2012 You must also provide original or certified copies of documents to verify that spouse's age, identity, and citizenship. Federal tax form 941 2012 If the nonresident alien spouse is not eligible to get an SSN, he or she can file Form W-7, Application for IRS Individual Taxpayer Identification Number, with the IRS to apply for an ITIN. Federal tax form 941 2012 How To Make the Choice Attach a statement, signed by both spouses, to your joint return for the first tax year for which the choice applies. Federal tax form 941 2012 It should contain the following: A declaration that one spouse was a nonresident alien and the other spouse a U. Federal tax form 941 2012 S. Federal tax form 941 2012 citizen or resident alien on the last day of your tax year and that you choose to be treated as U. Federal tax form 941 2012 S. Federal tax form 941 2012 residents for the entire tax year, and The name, address, and social security number (or individual taxpayer identification number) of each spouse. Federal tax form 941 2012 (If one spouse died, include the name and address of the person making the choice for the deceased spouse. Federal tax form 941 2012 ) You generally make this choice when you file your joint return. Federal tax form 941 2012 However, you also can make the choice by filing a joint amended return on Form 1040X. Federal tax form 941 2012 Attach Form 1040, 1040A, or 1040EZ and print “Amended” across the top of the amended return. Federal tax form 941 2012 If you make the choice with an amended return, you and your spouse also must amend any returns that you may have filed after the year for which you made the choice. Federal tax form 941 2012 You generally must file the amended joint return within 3 years from the date you filed your original U. Federal tax form 941 2012 S. Federal tax form 941 2012 income tax return or 2 years from the date you paid your income tax for that year, whichever is later. Federal tax form 941 2012 Table 1–1. Federal tax form 941 2012 Ending the Choice To Treat Nonresident Alien Spouse as a Resident Revocation   Either spouse can revoke the choice for any tax year. Federal tax form 941 2012   • The revocation must be made by the due date for filing the tax return for that tax year. Federal tax form 941 2012   • The spouse who revokes the choice must attach a signed statement declaring that the choice is being revoked. Federal tax form 941 2012 The statement revoking the choice must include the following:     • The name, address, and social security number (or taxpayer identification number) of each spouse. Federal tax form 941 2012     • The name and address of any person who is revoking the choice for a deceased spouse. Federal tax form 941 2012     • A list of any states, foreign countries, and possessions that have community property laws in which either spouse is domiciled or where real property is located from which either spouse receives income. Federal tax form 941 2012   • If the spouse revoking the choice does not have to file a return and does not file a claim for refund, send the statement to the Internal Revenue Service Center where the last joint return was filed. Federal tax form 941 2012 Death   The death of either spouse ends the choice, beginning with the first tax year following the year in which the spouse died. Federal tax form 941 2012   • If the surviving spouse is a U. Federal tax form 941 2012 S. Federal tax form 941 2012 citizen or resident alien and is entitled to the joint tax rates as a surviving spouse, the choice will not end until the close of the last year for which these joint rates may be used. Federal tax form 941 2012   • If both spouses die in the same tax year, the choice ends on the first day after the close of the tax year in which the spouses died. Federal tax form 941 2012 Divorce or  Legal separation   A divorce or legal separation ends the choice as of the beginning of the tax year in which the legal separation occurs. Federal tax form 941 2012 Inadequate records   The Internal Revenue Service can end the choice for any tax year that either spouse has failed to keep adequate books, records, and other information necessary to determine the correct income tax liability, or to provide adequate access to those records. Federal tax form 941 2012 Suspending the Choice The choice to be treated as a resident alien does not apply to any later tax year if neither of you is a U. Federal tax form 941 2012 S. Federal tax form 941 2012 citizen or resident alien at any time during the later tax year. Federal tax form 941 2012 Example. Federal tax form 941 2012 Dick Brown was a resident alien on December 31, 2010, and married to Judy, a nonresident alien. Federal tax form 941 2012 They chose to treat Judy as a resident alien and filed a joint 2010 income tax return. Federal tax form 941 2012 On January 10, 2012, Dick became a nonresident alien. Federal tax form 941 2012 Judy had remained a nonresident alien. Federal tax form 941 2012 Because Dick was a resident alien during part of 2012, Dick and Judy can file joint or separate returns for that year. Federal tax form 941 2012 Neither Dick nor Judy was a resident alien at any time during 2013 and their choice is suspended for that year. Federal tax form 941 2012 For 2013, both are treated as nonresident aliens. Federal tax form 941 2012 If Dick becomes a resident alien again in 2014, their choice is no longer suspended and both are treated as resident aliens. Federal tax form 941 2012 Ending the Choice Once made, the choice to be treated as a resident applies to all later years unless suspended (as explained earlier) or ended in one of the ways shown in Table 1-1. Federal tax form 941 2012 If the choice is ended for any of the reasons listed in Table 1-1, neither spouse can make a choice in any later tax year. Federal tax form 941 2012 Estimated Tax The requirements for determining who must pay estimated tax are the same for a U. Federal tax form 941 2012 S. Federal tax form 941 2012 citizen or resident abroad as for a taxpayer in the United States. Federal tax form 941 2012 For current instructions on making estimated tax payments, see Form 1040-ES. Federal tax form 941 2012 If you had a tax liability for 2013, you may have to pay estimated tax for 2014. Federal tax form 941 2012 Generally, you must make estimated tax payments for 2014 if you expect to owe at least $1,000 in tax for 2014 after subtracting your withholding and credits and you expect your withholding and credits to be less than the smaller of: 90% of the tax to be shown on your 2014 tax return, or 100% of the tax shown on your 2013 tax return. Federal tax form 941 2012 (The return must cover all 12 months. Federal tax form 941 2012 ) If less than two-thirds of your gross income for 2013 and 2014 is from farming or fishing and your adjusted gross income for 2013 is more than $150,000 ($75,000 if you are married and file separately), substitute 110% for 100% in (2). Federal tax form 941 2012 See Publication 505 for more information. Federal tax form 941 2012 The first installment of estimated tax is due on April 15, 2014. Federal tax form 941 2012 Foreign earned income exclusion. Federal tax form 941 2012   When figuring your estimated gross income, subtract amounts you expect to exclude under the foreign earned income exclusion and the foreign housing exclusion. Federal tax form 941 2012 In addition, you can reduce your income by your estimated foreign housing deduction. Federal tax form 941 2012 However, you must estimate tax on your nonexcluded income using the tax rates that will apply had you not excluded the income. Federal tax form 941 2012 If the actual amount of the exclusion or deduction is less than you estimate, you may have to pay a penalty for underpayment of estimated tax. Federal tax form 941 2012   For more information about figuring your estimated tax, see Publication 505. Federal tax form 941 2012 Other Forms You May Have To File FinCEN Form 114 (replaces Form TD F 90-22. Federal tax form 941 2012 1). Federal tax form 941 2012   Beginning October 1, 2013, Form 114, Report of Foreign Bank and Financial Accounts (FBAR), must be filed instead of Form TD F 90-22. Federal tax form 941 2012 1. Federal tax form 941 2012 Form 114 is filed electronically with the Financial Crimes Enforcement Network (FinCEN). Federal tax form 941 2012 See the filing instructions at www. Federal tax form 941 2012 bsaefiling. Federal tax form 941 2012 fincen. Federal tax form 941 2012 treas. Federal tax form 941 2012 gov/main. Federal tax form 941 2012 html. Federal tax form 941 2012   You must file Form 114 if you had any financial interest in, or signature or other authority over a bank, securities, or other financial account in a foreign country. Federal tax form 941 2012 You do not need to file the report if the assets are with a U. Federal tax form 941 2012 S. Federal tax form 941 2012 military banking facility operated by a financial institution or if the combined assets in the account(s) are $10,000 or less during the entire year. Federal tax form 941 2012   More information about the filing of Form 114 can be found in the instructions for the form. Federal tax form 941 2012 FinCEN Form 105. Federal tax form 941 2012   You must file Form 105, Report of International Transportation of Currency or Monetary Instruments, if you physically transport, mail, ship, or cause to be physically transported, mailed, or shipped into or out of the United States, currency or other monetary instruments totaling more than $10,000 at one time. Federal tax form 941 2012 Certain recipients of currency or monetary instruments also must file Form 105. Federal tax form 941 2012   More information about the filing of Form 105 can be found in the instructions on the back of the form. Federal tax form 941 2012 Form 8938. Federal tax form 941 2012   You must file Form 8938 to report the ownership of specified foreign financial assets if the total value of those assets exceeds an applicable threshold amount (the “reporting threshold ”). Federal tax form 941 2012 The reporting threshold varies depending on whether you live in the United States, are married, or file a joint income tax return with your spouse. Federal tax form 941 2012 Specified foreign financial assets include any financial account maintained by a foreign financial institution and, to the extent held for investment, any stock, securities, or any other interest in a foreign entity and any financial instrument or contract with an issuer or counterparty that is not a U. Federal tax form 941 2012 S. Federal tax form 941 2012 person. Federal tax form 941 2012   You may have to pay penalties if you are required to file Form 8938 and fail to do so, or if you have an understatement of tax due to any transaction involving an undisclosed foreign financial asset. Federal tax form 941 2012   More information about the filing of Form 8938 can be found in the separate instructions for Form 8938. Federal tax form 941 2012 Prev  Up  Next   Home   More Online Publications
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The Federal Tax Form 941 2012

Federal tax form 941 2012 35. Federal tax form 941 2012   Créditos Tributarios por Estudios Table of Contents Introduction Useful Items - You may want to see: ¿Quién Puede Reclamar un Crédito Tributario por Estudios? Gastos de Estudios CalificadosNo se Permite Beneficio Doble Ajustes a los Gastos de Estudios Calificados Introduction Para 2013, hay dos créditos tributarios para personas que paguen gastos de enseñanza superior (postsecundaria). Federal tax form 941 2012 Éstos son: El crédito tributario de oportunidad para los estadounidenses y El crédito vitalicio por aprendizaje. Federal tax form 941 2012 Este capítulo explica en términos generales estos créditos tributarios por estudios. Federal tax form 941 2012 Para obtener la información detallada que necesitará para reclamar cualquiera de los créditos, y para ver ejemplos aclaratorios, consulte los capítulos 2 y 3 de la Publicación 970, Tax Benefits for Education (Beneficios tributarios por estudios), en inglés. Federal tax form 941 2012 ¿Puede reclamar más de un crédito por estudios este año?   Puede escoger sólo uno de los créditos por cada estudiante por cada año. Federal tax form 941 2012 Por ejemplo, si reclama el crédito tributario de oportunidad para los estadounidenses por un hijo en su declaración de impuestos de 2013, no puede tomar el crédito vitalicio por aprendizaje para 2013 si se trata del mismo hijo. Federal tax form 941 2012   Si reúne los requisitos del crédito tributario de oportunidad para los estadounidenses y también del crédito vitalicio por aprendizaje por el mismo estudiante durante el mismo año, puede reclamar sólo uno de los dos créditos, pero no ambos. Federal tax form 941 2012   Si paga gastos de estudios calificados por más de un estudiante durante el mismo año, puede reclamar el crédito tributario de oportunidad para los estadounidenses y el crédito vitalicio por aprendizaje basado por cada estudiante y por año. Federal tax form 941 2012 Esto quiere decir que, por ejemplo, puede reclamar el crédito tributario de oportunidad para los estadounidenses por un estudiante y el crédito vitalicio por aprendizaje por otro estudiante en el mismo año. Federal tax form 941 2012    Tabla 35-1. Federal tax form 941 2012 Comparación de los Créditos Tributarios por Estudios Precaución: Puede reclamar el crédito tributario de oportunidad para los estadounidenses y el crédito vitalicio por aprendizaje en la misma declaración —pero no por el mismo estudiante. Federal tax form 941 2012   Crédito tributario de oportunidad para los estadounidenses Crédito vitalicio por aprendizaje Crédito máximo Un crédito de hasta $2,500 por cada estudiante que reúne los requisitos Un crédito de hasta $2,000 por cada declaración Límite a los ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés) $180,000 si es casado que presenta una declaración conjunta;  $90,000 si es soltero, cabeza de familia o viudo que reúne los requisitos $127,000 si es casado que presenta una declaración conjunta;  $63,000 si es soltero, cabeza de familia o viudo que reúne los requisitos Reembolsable o no reembolsable El 40% del crédito podría ser reembolsable El monto del crédito está limitado al monto de impuestos que tiene que pagar sobre sus ingresos sujetos a impuestos Número de años de enseñanza postsecundaria Disponible SÓLO si el estudiante no ha completado los 4 primeros años de enseñanza postsecundaria antes de 2013 Disponible para todo año de enseñanza postsecundaria y cursos para adquirir o mejorar aptitudes en el trabajo Número de años tributarios por los cuales se ofrece el crédito Disponible SÓLO por 4 años por cada estudiante que reúna los requisitos (incluido todo año en el que se haya reclamado el crédito Hope) Disponible por un número ilimitado de años Tipo de programa académico requerido El estudiante tiene que estar cursando un programa de estudios con miras a sacar una licenciatura u otro título o certificado académico acreditado El estudiante no necesita estar cursando un programa de estudios con miras a sacar una licenciatura u otro título o certificado académico acreditado Número de cursos El estudiante tiene que estar matriculado a medio tiempo como mínimo durante al menos un período académico que haya comenzado en el transcurso del año tributario Disponible para uno o más cursos Fallo condenatorio por delito grave de drogas Si para el fin de 2013 no consta fallo condenatorio alguno al estudiante por delito grave de poseer o distribuir drogas Fallos condenatorios por delito grave de drogas no hacen que el estudiante no reúna los requisitos Gastos que reúnen los requisitos Costos de matrícula y gastos de inscripción obligatorios y todos los materiales relacionados con un curso que necesita el estudiante, tanto si son comprados o no en la institución como condición de inscripción o asistencia Costos de matrícula y gastos de inscripción obligatorios (incluidas cantidades que tienen que pagarse a la institución por textos, materiales y equipo relacionados con un curso) Pagos por períodos académicos Pagos efectuados en 2013 para períodos académicos que se iniciaron en 2013 y en los tres primeros meses de 2014 Diferencias entre el crédito tributario de oportunidad para los estadounidenses y el crédito vitalicio por aprendizaje. Federal tax form 941 2012   Existen varias diferencias entre estos dos créditos. Federal tax form 941 2012 Estas diferencias se resumen en la Tabla 35-1, más adelante. Federal tax form 941 2012 Useful Items - You may want to see: Publicación 970 Tax Benefits for Education (Beneficios tributarios por estudios), en inglés Formulario (e Instrucciones) 8863 Education Credits (American Opportunity and Lifetime Learning Credits) (Créditos tributarios por estudios (crédito tributario de oportunidad para los estadounidenses y crédito vitalicio por aprendizaje)), en inglés ¿Quién Puede Reclamar un Crédito Tributario por Estudios? Tal vez pueda reclamar un crédito tributario por estudios si usted, su cónyuge o un dependiente reclamado en su declaración de impuestos era estudiante matriculado en, o asistió a, una institución de enseñanza superior que reúne los requisitos. Federal tax form 941 2012 Los créditos se basan en la cantidad de gastos de estudios calificados que hayan sido pagados a nombre del estudiante en 2013 por períodos académicos que comenzaron en 2013 y en los primeros tres meses de 2014. Federal tax form 941 2012 Por ejemplo, si pagó $1,500 en diciembre de 2013 por una matrícula calificada por el semestre de primavera de 2014 que comience en enero de 2014, tal vez pueda usar los $1,500 en el cálculo del (de los) crédito(s) para 2013. Federal tax form 941 2012 Período académico. Federal tax form 941 2012   Un período académico abarca un semestre, trimestre, cuatrimestre u otro período de estudios (como un curso de escuela de verano) según lo determine de manera razonable una institución de enseñanza superior. Federal tax form 941 2012 En el caso de una institución de enseñanza superior que no tenga períodos académicos sino horas de crédito u horas de reloj, cada período de pago se puede considerar período académico. Federal tax form 941 2012 Institución de enseñanza superior que reúne los requisitos. Federal tax form 941 2012   Una “institución de enseñanza superior que reúne los requisitos” es todo colegio universitario, universidad, escuela de enseñanza técnica u otra institución de enseñanza superior con derecho a participar en un programa de asistencia financiera al estudiante administrado por el Departamento de Educación de los Estados Unidos. Federal tax form 941 2012 Esta clase de institución abarca prácticamente todas las instituciones acreditadas de enseñanza superior públicas, sin fines de lucro y las privadas con fines de lucro. Federal tax form 941 2012 La institución de enseñanza superior debe poder indicarle si reúne los requisitos. Federal tax form 941 2012   Determinadas instituciones de enseñanza superior ubicadas en el extranjero participan también en los programas de Federal Student Aid (Asistencia Financiera al Estudiante o FSA, por sus siglas en inglés) del Departamento de Educación de los Estados Unidos. Federal tax form 941 2012 ¿Quién puede reclamar los gastos de un dependiente?   Si una persona reclama al estudiante como dependiente y se permite una deducción por aquel estudiante en la declaración de dicha persona, se considera que esa persona ha pagado todos los gastos de estudios calificados del estudiante. Federal tax form 941 2012 Por lo tanto, sólo esa persona puede reclamar un crédito por estudios en nombre del estudiante. Federal tax form 941 2012 Si un estudiante no es reclamado como dependiente en la declaración de impuestos de otra persona, sólo el estudiante puede reclamar un crédito. Federal tax form 941 2012 Gastos pagados por un tercero. Federal tax form 941 2012   Los gastos de estudios calificados pagados en nombre del estudiante por una persona que no sea el estudiante (como un pariente) se tratan como si hubiesen sido pagados por dicho estudiante. Federal tax form 941 2012 Sin embargo, los gastos de estudios calificados pagados (o que se tratan como si hubiesen sido pagados) por un estudiante que es reclamado como dependiente en su declaración de impuestos, se tratan como si hubiesen sido pagados por usted. Federal tax form 941 2012 Por lo tanto, a usted se le trata como si hubiese pagado los gastos que fueron pagados por el tercero. Federal tax form 941 2012 Para más información y para ver un ejemplo, vea Who can Claim a Dependent's Expenses (¿Quién puede reclamar los gastos de un dependiente?) en el capítulo 2 ó 3 de la Publicación 970, en inglés. Federal tax form 941 2012 ¿Quién no puede reclamar el crédito?   No puede tomar un crédito tributario por estudios si alguna de las siguientes situaciones le corresponde: Usted es reclamado como dependiente en la declaración de impuestos de otra persona, como la de sus padres. Federal tax form 941 2012 Su estado civil para efectos de la declaración es casado que presenta una declaración por separado. Federal tax form 941 2012 Usted (o su cónyuge) fue extranjero no residente durante cualquier parte de 2013 y no optó por ser tratado como extranjero residente para fines tributarios. Federal tax form 941 2012 Sus ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés) es uno de los siguientes: Crédito tributario de oportunidad para los estadounidenses: $180,000 o más si es casado que presenta la declaración conjunta, o $90,000 o más si es soltero, cabeza de familia o viudo que reúne los requisitos. Federal tax form 941 2012 Crédito vitalicio por aprendizaje: $127,000 o más si es casado que presenta la declaración conjunta, o $63,000 o más si es soltero, cabeza de familia o viudo que reúne los requisitos. Federal tax form 941 2012   Por lo general, su MAGI es la cantidad de la línea 38 de su Formulario 1040 o la línea 22 del Formulario 1040A. Federal tax form 941 2012 No obstante, si presenta el Formulario 2555, 2555-EZ o 4563 o si excluye ingresos de fuentes dentro de Puerto Rico, sume la cantidad excluida del ingreso a la cantidad en la línea 38 de su Formulario 1040 o de la línea 22 del Formulario 1040A. Federal tax form 941 2012 Para más detalles, vea la Publicación 970, en inglés. Federal tax form 941 2012   La Figura 35-A podría ser útil al momento de determinar si puede reclamar un crédito tributario por estudios en su declaración de impuestos. Federal tax form 941 2012    El crédito tributario de oportunidad para los estadounidenses siempre será mayor que o igual al crédito vitalicio por aprendizaje para todo estudiante que reúna los requisitos para ambos créditos. Federal tax form 941 2012 Sin embargo, si no se cumplen todos los requisitos correspondientes al crédito tributario de oportunidad para los estadounidenses enumerados anteriormente en la Tabla 35-1, usted no puede reclamar dicho crédito en base de este estudiante. Federal tax form 941 2012 En lugar de ello, quizás podría reclamar el crédito vitalicio por aprendizaje por una parte o la totalidad de los gastos de estudios calificados de dicho estudiante. Federal tax form 941 2012 Para obtener información sobre otros beneficios relacionados con los estudios, vea la Publicación 970, en inglés. Federal tax form 941 2012 Gastos de Estudios Calificados Generalmente, se considera que los gastos de estudios calificados son cantidades pagadas en 2013 por matrícula y gastos escolares obligatorios para matricularse en un curso o asistir al mismo en una institución de enseñanza superior. Federal tax form 941 2012 No importa si los gastos fueron pagados en efectivo, por cheque, con tarjeta de crédito o débito, o con préstamos. Federal tax form 941 2012 Sólo reúnen los requisitos ciertos gastos por libros, materiales y equipos relacionados con un curso: Crédito tributario de oportunidad para los estadounidenses: Los gastos de estudios calificados abarcan cantidades gastadas en libros, materiales y equipos necesarios para cursos de un programa de estudios, ya sea o no que se compren estos materiales en la institución de enseñanza como condición para matricularse o asistir a tales cursos. Federal tax form 941 2012 Crédito vitalicio por aprendizaje: Los gastos de estudios calificados abarcan cantidades gastadas en libros, materiales y equipos sólo si se tienen que pagar a la institución como condición para matricularse o asistir a cursos. Federal tax form 941 2012 Los gastos de estudios calificados incluyen cuotas no académicas, tales como cuotas por actividades estudiantiles, cuotas por actividades deportivas u otros gastos no relacionados con el curso de instrucción, sólo si la cuota tiene que pagarse a la institución como condición de inscripción o asistencia. Federal tax form 941 2012 Sin embargo, las cuotas por gastos personales (descritos a continuación) nunca se consideran gastos de estudios calificados. Federal tax form 941 2012 Los gastos de estudios calificados no incluyen cantidades pagadas por: Gastos personales. Federal tax form 941 2012 Éstos incluyen gastos de alojamiento y comida, seguros, gastos médicos (incluyendo las cuotas de servicios de salud para estudiantes), transporte y otros gastos personales similares o de familia. Federal tax form 941 2012 Todo curso u otros estudios que se relacionen con deportes, juegos o pasatiempos o todo curso sin crédito académico, a menos que dicho curso o dichos estudios formen parte del programa de estudios para obtener un título del estudiante o (sólo en el caso del crédito vitalicio por aprendizaje) ayude al estudiante a adquirir o mejorar aptitudes en el trabajo. Federal tax form 941 2012 Usted debe recibir el Formulario 1098-T, Tuition Statement (Información sobre el pago de matrícula), en inglés, de la institución que informa cualesquiera de los pagos recibidos en 2013 (encasillado 1) o las cantidades facturadas en 2013 (encasillado 2). Federal tax form 941 2012 Sin embargo, la cantidad pagada (o tratada como pagada) puede ser distinta a la cantidad en el encasillado 1 ó 2 del Formulario 1098-T. Federal tax form 941 2012 Al completar el Formulario 8863, en inglés, utilice sólo las cantidades que realmente pagó (además de cualquier otra cantidad tratada como pagada) en 2013, reducida cuando sea necesario, como se describe en Ajustes a los Gastos de Estudios Calificados , más adelante. Federal tax form 941 2012 Los gastos de estudios calificados pagados en nombre del estudiante por una persona que no sea el estudiante (como un pariente) se tratan como si hubiesen sido pagados por dicho estudiante. Federal tax form 941 2012 Los gastos de estudios calificados pagados (o que se tratan como si hubiesen sido pagados) por un estudiante que es reclamado como dependiente en su declaración de impuestos se tratan como si hubiesen sido pagados por usted. Federal tax form 941 2012 Al calcular los créditos tributarios por estudios, si usted o el estudiante toman una deducción por gastos de enseñanza superior, tal como en el Anexo A o C (Formulario 1040), no pueden utilizar esos gastos como gastos de estudios calificados. Federal tax form 941 2012 Los gastos de estudios calificados para cualquier período académico tienen que ser reducidos por toda ayuda económica de estudios exenta de los impuestos asignable a dicho período académico. Federal tax form 941 2012 Vea Ajustes a los Gastos de Estudios Calificados , más adelante. Federal tax form 941 2012 Gastos pagados por adelantado. Federal tax form 941 2012   Los gastos de estudios calificados pagados en 2013 para un período académico que comienza en los primeros tres meses de 2014 se pueden utilizar sólo en el cálculo del crédito por estudios de 2013. Federal tax form 941 2012 Vea Período académico , anteriormente. Federal tax form 941 2012 Por ejemplo, si usted paga $2,000 en diciembre de 2013 para matrícula calificada por el cuatrimestre del invierno de 2014 que comienza en enero de 2014, puede utilizar los $2,000 en el cálculo del crédito por estudios sólo para 2013 (si reúne todos los otros requisitos). Federal tax form 941 2012 No puede utilizar cantidad alguna que haya pagado en 2012 ó 2014 para calcular su(s) crédito(s) tributario(s) por estudios de 2013. Federal tax form 941 2012 Gastos pagados con un préstamo. Federal tax form 941 2012   Puede reclamar un crédito por estudios en el caso de gastos de estudios calificados que haya pagado con un préstamo. Federal tax form 941 2012 Utilice los gastos para calcular el crédito tributario por estudios correspondiente al año en que se paguen los gastos y no al año en el que se pague el préstamo. Federal tax form 941 2012 Trate los pagos del préstamo enviados directamente a la institución de enseñanza superior como si se hubiesen pagado en la fecha en que dicha institución abone los pagos a la cuenta del estudiante. Federal tax form 941 2012 Si el estudiante se retira de uno o más cursos. Federal tax form 941 2012   Puede reclamar un crédito tributario por estudios en el caso de gastos de estudios calificados que no se le devuelvan al estudiante si el estudiante se retira de uno o más cursos. Federal tax form 941 2012 No se Permite Beneficio Doble No se permite hacer lo siguiente: Deducir gastos de enseñanza superior en su declaración de impuestos sobre los ingresos (por ejemplo, un gasto de negocio) y reclamar también un crédito por estudios basándose en dichos gastos. Federal tax form 941 2012 Reclamar más de un (1) crédito tributario por estudios basándose en los mismos gastos de estudios calificados. Federal tax form 941 2012 Reclamar un crédito por estudios basándose en los mismos gastos utilizados para calcular la parte exenta del impuesto de distribuciones de una cuenta de ahorros para estudios Coverdell (Coverdell ESA, por su abreviatura en inglés) o un programa de matrícula calificada (QTP, por sus siglas en inglés). Federal tax form 941 2012 Reclamar un crédito basándose en gastos de estudios calificados que hayan sido pagados con ayuda para estudios, tal como una beca o subvención o ayuda provista por el empleador, libres de impuestos. Federal tax form 941 2012 Vea Ajustes a los Gastos de Estudios Calificados, a continuación. Federal tax form 941 2012 Ajustes a los Gastos de Estudios Calificados Para cada estudiante, se tiene que restar los gastos de estudios calificados, pagados en 2013, por o en nombre de dicho estudiante bajo las siguientes reglas. Federal tax form 941 2012 El resultado es la cantidad ajustada en gastos de estudios calificados por cada estudiante. Federal tax form 941 2012 Ayuda económica para estudios exenta de impuestos. Federal tax form 941 2012   Si en 2013 recibió ayuda económica para estudios que está exenta de impuestos, reste la cantidad de la ayuda económica para estudios exenta de impuestos asignable para cada período académico de la cantidad de gastos de estudios calificados para cada período académico. Federal tax form 941 2012 Vea Período académico , anteriormente. Federal tax form 941 2012   La ayuda económica para estudios exenta de impuestos incluye: Partes no sujetas a impuestos de becas de estudios y becas de investigación (vea el capítulo 12 de esta publicación y el capítulo 1 de la Publicación 970, en inglés), La parte no sujeta a impuestos de subvenciones federales Pell (vea el capítulo 1 de la Publicación 970, en inglés), La parte no sujeta a impuestos de ayuda económica para estudios provista por el empleador (vea la Publicación 970, en inglés), Ayuda económica para estudios para veteranos (vea el capítulo 1 de la Publicación 970, en inglés) y Cualquier otro pago no sujeto a impuestos (libre de impuestos) (que no sean regalos ni herencias) recibido como ayuda económica para estudios. Federal tax form 941 2012   Por lo general, toda beca de estudios o de investigación es tratada como una ayuda económica para estudios exenta de impuestos. Federal tax form 941 2012 Sin embargo, una beca de estudios o de investigación no será tratada como dicha ayuda al punto de que el estudiante la incluye como ingreso bruto (si el estudiante tiene que presentar una declaración de impuestos) para el año en que reciba la beca de estudios o de investigación y le corresponde uno de los siguientes: La beca de estudios o de investigación (o cualquier parte de dicha beca) tiene que ser aplicada (por sus condiciones) a gastos (como de alojamiento y comida) que no sean gastos de estudios calificados como se define en el capítulo 1, Qualified education expenses (Gastos de estudios calificados), de la Publicación 970, en inglés, o La beca de estudios o de investigación (o cualquier parte de dicha beca) puede ser aplicada (por sus condiciones) a gastos (como de alojamiento y comida) que no sean gastos de estudios calificados como se define en el capítulo 1, Qualified education expenses (Gastos de estudios calificados), de la Publicación 970, en inglés. Federal tax form 941 2012 Podría aumentar el valor combinado del crédito tributario por estudios y cierta ayuda económica para estudios si el estudiante incluye alguna o toda ayuda económica para estudios del ingreso en el año en que recibió dicha ayuda. Federal tax form 941 2012 Para detalles, vea Adjustments of Qualified Education Expenses (Ajustes a los gastos de estudios calificados) en los capítulos 2 y 3 de la Publicación 970, en inglés. Federal tax form 941 2012 Cierta ayuda económica para estudios exenta de impuestos recibida después de 2013 podría ser tratada como un reembolso de gastos de estudios calificados que se pagaron en 2013. Federal tax form 941 2012 Esta ayuda económica para estudios exenta de impuestos es toda ayuda económica para estudios exenta de impuestos que usted o cualquier otro ha recibido después de 2013 por gastos de estudios calificados pagados en nombre de un estudiante en 2013 (o atribuible a la matrícula de una institución de enseñanza superior que reúne los requisitos durante 2013). Federal tax form 941 2012 Si dicha ayuda económica para estudios exenta de impuestos se recibe después de 2013 pero antes de que presente su declaración de impuestos sobre los ingresos para 2013, vea Reembolsos recibidos después de 2013 pero antes de presentar su declaración de impuestos sobre los ingresos, más adelante. Federal tax form 941 2012 Si dicha ayuda económica para estudios exenta de impuestos se recibe después de 2013 y después que presenta su declaración de impuestos sobre los ingresos para 2013, vea Reembolsos recibidos después de 2013 y después que presenta su declaración de impuestos sobre los ingresos, más adelante. Federal tax form 941 2012 Reembolsos. Federal tax form 941 2012   Un reembolso de gastos de estudios calificados puede reducir gastos de estudios calificados por el año tributable o puede requerir que recupere (reintegre) el crédito tributario por estudios que reclamó en un año anterior. Federal tax form 941 2012 Cierta ayuda económica para estudios exenta de impuestos recibida después de 2013 puede ser tratada como un reembolso. Federal tax form 941 2012 Vea Ayuda económica para estudios exenta de impuestos, anteriormente. Federal tax form 941 2012 Reembolsos recibidos en 2013. Federal tax form 941 2012   Por cada estudiante, calcule los gastos de estudios calificados ajustados de 2013 sumando todos los gastos de estudios calificados pagados en 2013 y reste todos los reembolsos de esos gastos recibidos de la institución de enseñanza superior que reúne los requisitos durante 2013. Federal tax form 941 2012 Reembolsos recibidos después de 2013 pero antes de presentar su declaración de impuestos sobre los ingresos. Federal tax form 941 2012   Si alguien recibe un reembolso después de 2013 por gastos de estudios calificados pagado en nombre de un estudiante en 2013 y el reembolso es recibido antes de que presente su declaración de impuestos sobre los ingresos de 2013, reste la cantidad de gastos de estudios calificados de 2013 por la cantidad del reembolso. Federal tax form 941 2012 Reembolsos recibidos después de 2013 y después de presentar su declaración de impuestos sobre los ingresos. Federal tax form 941 2012   Si alguien recibe un reembolso después de 2013 por gastos de estudios calificados pagados en nombre de un estudiante en 2013 y el reembolso es recibido después de presentar su declaración de impuestos sobre los ingresos de 2013, podría verse obligado a reintegrar parte o todo el crédito tributario por estudios que reclamó. Federal tax form 941 2012 Vea Recuperar (reintegrar) el crédito, a continuación. Federal tax form 941 2012 Recuperar (reintegrar) el crédito. Federal tax form 941 2012   Si después de haber presentado su declaración de impuestos sobre los ingresos de 2013, recibe alguna ayuda económica para estudios exenta de impuestos o cualquier reembolso correspondiente a gastos de estudios calificados que haya pagado en 2013, tiene que recuperar (reintegrar) todo crédito en exceso. Federal tax form 941 2012 Cuando se vuelve a calcular la cantidad de gastos de estudios calificados ajustados de 2013, reste de dichos gastos la cantidad de la ayuda económica para estudios exenta de impuestos o el (los) reembolso(s) que haya recibido. Federal tax form 941 2012 Entonces se calcula nuevamente su(s) crédito(s) tributario(s) por estudios de 2013 y se calcula la cantidad por la cual su impuesto adeudado de 2013 hubiera aumentado si hubiese reclamado dicho(s) crédito(s) nuevamente calculado(s). Federal tax form 941 2012 Incluya esa cantidad como un impuesto adicional para el año en que la ayuda económica o el reembolso fueron recibidos. Federal tax form 941 2012 Ejemplo. Federal tax form 941 2012   Usted pagó $8,000 por matrícula y gastos escolares de su hijo en diciembre de 2013 por el semestre de primavera que comienza en enero de 2014. Federal tax form 941 2012 Usted presentó su declaración de impuestos de 2013 el 3 de febrero de 2014 y reclamó un crédito vitalicio por aprendizaje de $1,600 ($8,000 de gastos de estudios calificados multiplicado por 0. Federal tax form 941 2012 20). Federal tax form 941 2012 Usted no reclamó otros créditos tributarios. Federal tax form 941 2012 Después de haber presentado su declaración, su hijo se retiró de dos cursos y usted recibió un reembolso de $1,400. Federal tax form 941 2012 Tiene que volver a calcular su crédito vitalicio por aprendizaje de 2013 usando $6,600 ($1,400 del reembolso que se resta de los gastos de estudios calificados de $8,000). Federal tax form 941 2012 El crédito nuevamente calculado es $1,320 y su impuesto adeudado aumentó por $280. Federal tax form 941 2012 Tiene que incluir el resultado de $280 (lo que queda después de que haya restado $1,320 (el crédito nuevamente calculado) de $1,600 (el crédito que había reclamado originalmente)) como un impuesto adicional en su declaración de impuestos sobre los ingresos de 2014. Federal tax form 941 2012 Para determinar en dónde incluir dicho impuesto adicional, vea las instrucciones de su declaración de impuestos sobre los ingresos de 2014. Federal tax form 941 2012    Si también paga gastos de estudios calificados en 2014 para un período académico que comienza en los primeros tres meses de 2014 y recibe ayuda económica para estudios exenta de impuestos o un reembolso como se explicó anteriormente, usted puede escoger reducir sus gastos de estudios calificados para el 2014 en vez de reducir sus gastos para 2013. Federal tax form 941 2012 Cantidades que no reducen los gastos de estudios calificados. Federal tax form 941 2012   No reste de los gastos de estudios calificados las cantidades pagadas con fondos que el estudiante reciba como: Pagos por servicios, como salarios; Un préstamo; Un regalo; Una herencia o Un retiro de la cuenta de ahorros personal del estudiante. Federal tax form 941 2012   No reste de los gastos de estudios calificados ninguna beca de estudios o beca de investigación reclamada como ingresos en la declaración de ingresos del estudiante en las siguientes situaciones: El uso del dinero está limitado, por los términos de la beca de estudios o de investigación, a los costos de asistencia (como alojamiento y comida) que no sean gastos de estudios calificados, como se definen en el capítulo 1 de la Publicación 970, en inglés. Federal tax form 941 2012 El uso del dinero no está limitado. Federal tax form 941 2012   Para ver ejemplos, consulte el capítulo 2 de la Publicación 970, en inglés. Federal tax form 941 2012 Please click here for the text description of the image. Federal tax form 941 2012 Figura 35-A ¿Puede usted reclamar el crédito por Estudios para 2013? Prev  Up  Next   Home   More Online Publications