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

TurboTax Federal Free Edition - File Taxes Online

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

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


© 2012 - 2018 All rights reserved.

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

File An Amended Tax Return For 2010

Handr BlockTurbotax 2011 Tax ReturnFree Tax Filing 2012 State And Federal1040x H&r BlockIrs Extension Form 2012File State Income Tax OnlyState Tax Forms 2013Amending Tax Return2010 E File TaxesCan I Still File My 2012 Taxes ElectronicallyH&r Block Free Tax FileHrblock OnlineH&r Block File OnlineFree State Tax Return EfileFiling 2010 Taxes OnlineFree 1040 Tax ReturnFile Only State Taxes Online FreeTax Act 2011Tax Software ComparisonFree Tax Filing 2013 Low Income2012 1040ez Tax FormHow To Amend A Tax Return OnlineEz Tax Form 2011Free H And R Block2011 Tax Tables2007 Tax ReturnH&r Block Free State File Coupon2011 Ez 1040 FormFile State Income TaxFreefilefillableforms ComH&rblock OnlineTurbotax 20071040ez Form 2011Amended Tax Return Form 2011990 Ez FormWhich Tax Form 2012 Best Use 27000$ YearFree Irs E File2012 Tax AmendmentFiling A Amended Tax Return Form 1040x2010 New Car Tax Credit

File An Amended Tax Return For 2010

File an amended tax return for 2010 Publication 547 - Main Content Table of Contents CasualtyFamily pet. File an amended tax return for 2010 Progressive deterioration. File an amended tax return for 2010 Special Procedure for Damage From Corrosive Drywall Theft Loss on Deposits Proof of Loss Figuring a LossGain from reimbursement. File an amended tax return for 2010 Business or income-producing property. File an amended tax return for 2010 Loss of inventory. File an amended tax return for 2010 Leased property. File an amended tax return for 2010 Exception for personal-use real property. File an amended tax return for 2010 Decrease in Fair Market Value Adjusted Basis Insurance and Other Reimbursements Deduction Limits2% Rule $100 Rule 10% Rule Figuring the Deduction Figuring a GainPostponement of Gain When To Report Gains and LossesLoss on deposits. File an amended tax return for 2010 Lessee's loss. File an amended tax return for 2010 Disaster Area LossesDisaster loss to inventory. File an amended tax return for 2010 Main home in disaster area. File an amended tax return for 2010 Unsafe home. File an amended tax return for 2010 Time limit for making choice. File an amended tax return for 2010 Revoking your choice. File an amended tax return for 2010 Figuring the loss deduction. File an amended tax return for 2010 How to report the loss on Form 1040X. File an amended tax return for 2010 Records. File an amended tax return for 2010 Need a copy of your tax return for the preceding year? Postponed Tax Deadlines Contacting the Federal Emergency Management Agency (FEMA) How To Report Gains and LossesProperty held 1 year or less. File an amended tax return for 2010 Property held more than 1 year. File an amended tax return for 2010 Depreciable property. File an amended tax return for 2010 Adjustments to Basis If Deductions Are More Than Income How To Get Tax HelpLow Income Taxpayer Clinics Casualty A casualty is the damage, destruction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual. File an amended tax return for 2010 A sudden event is one that is swift, not gradual or progressive. File an amended tax return for 2010 An unexpected event is one that is ordinarily unanticipated and unintended. File an amended tax return for 2010 An unusual event is one that is not a day-to-day occurrence and that is not typical of the activity in which you were engaged. File an amended tax return for 2010 Generally, casualty losses are deductible during the taxable year that the loss occurred. File an amended tax return for 2010 See Table 3, later. File an amended tax return for 2010 Deductible losses. File an amended tax return for 2010   Deductible casualty losses can result from a number of different causes, including the following. File an amended tax return for 2010 Car accidents (but see Nondeductible losses , next, for exceptions). File an amended tax return for 2010 Earthquakes. File an amended tax return for 2010 Fires (but see Nondeductible losses , next, for exceptions). File an amended tax return for 2010 Floods. File an amended tax return for 2010 Government-ordered demolition or relocation of a home that is unsafe to use because of a disaster as discussed under Disaster Area Losses , later. File an amended tax return for 2010 Mine cave-ins. File an amended tax return for 2010 Shipwrecks. File an amended tax return for 2010 Sonic booms. File an amended tax return for 2010 Storms, including hurricanes and tornadoes. File an amended tax return for 2010 Terrorist attacks. File an amended tax return for 2010 Vandalism. File an amended tax return for 2010 Volcanic eruptions. File an amended tax return for 2010 Nondeductible losses. File an amended tax return for 2010   A casualty loss is not deductible if the damage or destruction is caused by the following. File an amended tax return for 2010 Accidentally breaking articles such as glassware or china under normal conditions. File an amended tax return for 2010 A family pet (explained below). File an amended tax return for 2010 A fire if you willfully set it, or pay someone else to set it. File an amended tax return for 2010 A car accident if your willful negligence or willful act caused it. File an amended tax return for 2010 The same is true if the willful act or willful negligence of someone acting for you caused the accident. File an amended tax return for 2010 Progressive deterioration (explained below). File an amended tax return for 2010 However, see Special Procedure for Damage From Corrosive Drywall , later. File an amended tax return for 2010 Family pet. File an amended tax return for 2010   Loss of property due to damage by a family pet is not deductible as a casualty loss unless the requirements discussed earlier under Casualty are met. File an amended tax return for 2010 Example. File an amended tax return for 2010 Your antique oriental rug was damaged by your new puppy before it was housebroken. File an amended tax return for 2010 Because the damage was not unexpected and unusual, the loss is not deductible as a casualty loss. File an amended tax return for 2010 Progressive deterioration. File an amended tax return for 2010   Loss of property due to progressive deterioration is not deductible as a casualty loss. File an amended tax return for 2010 This is because the damage results from a steadily operating cause or a normal process, rather than from a sudden event. File an amended tax return for 2010 The following are examples of damage due to progressive deterioration. File an amended tax return for 2010 The steady weakening of a building due to normal wind and weather conditions. File an amended tax return for 2010 The deterioration and damage to a water heater that bursts. File an amended tax return for 2010 However, the rust and water damage to rugs and drapes caused by the bursting of a water heater does qualify as a casualty. File an amended tax return for 2010 Most losses of property caused by droughts. File an amended tax return for 2010 To be deductible, a drought-related loss generally must be incurred in a trade or business or in a transaction entered into for profit. File an amended tax return for 2010 Termite or moth damage. File an amended tax return for 2010 The damage or destruction of trees, shrubs, or other plants by a fungus, disease, insects, worms, or similar pests. File an amended tax return for 2010 However, a sudden destruction due to an unexpected or unusual infestation of beetles or other insects may result in a casualty loss. File an amended tax return for 2010 Special Procedure for Damage From Corrosive Drywall Under a special procedure, you can deduct the amounts you paid to repair damage to your home and household appliances due to corrosive drywall. File an amended tax return for 2010 Under this procedure, you treat the amounts paid for repairs as a casualty loss in the year of payment. File an amended tax return for 2010 For example, amounts you paid for repairs in 2013 are deductible on your 2013 tax return and amounts you paid for repairs in 2012 are deductible on your 2012 tax return. File an amended tax return for 2010 Note. File an amended tax return for 2010 If you paid for any repairs before 2013 and you choose to follow this special procedure, you can amend your return for the earlier year by filing Form 1040X, Amended U. File an amended tax return for 2010 S. File an amended tax return for 2010 Individual Income Tax Return, and attaching a completed Form 4684 for the appropriate year. File an amended tax return for 2010 Form 4684 for the appropriate year can be found at IRS. File an amended tax return for 2010 gov. File an amended tax return for 2010 Generally, Form 1040X must be filed within 3 years after the date the original return was filed or within 2 years after the date the tax was paid, whichever is later. File an amended tax return for 2010 Corrosive drywall. File an amended tax return for 2010   For purposes of this special procedure, “corrosive drywall” means drywall that is identified as problem drywall under the two-step identification method published by the Consumer Product Safety Commission (CPSC) and the Department of Housing and Urban Development (HUD) in their interim guidance dated January 28, 2010, as revised by the CPSC and HUD. File an amended tax return for 2010 The revised identification guidance and remediation guidelines are available at www. File an amended tax return for 2010 cpsc. File an amended tax return for 2010 gov/Safety-Education/Safety-Education-Centers/Drywall. File an amended tax return for 2010 Special instructions for completing Form 4684. File an amended tax return for 2010   If you choose to follow this special procedure, complete Form 4684, Section A, according to the instructions below. File an amended tax return for 2010 The IRS will not challenge your treatment of damage resulting from corrosive drywall as a casualty loss if you determine and report the loss as explained below. File an amended tax return for 2010 Top margin of Form 4684. File an amended tax return for 2010   Enter “Revenue Procedure 2010-36”. File an amended tax return for 2010 Line 1. File an amended tax return for 2010   Enter the information required by the line 1 instructions. File an amended tax return for 2010 Line 2. File an amended tax return for 2010   Skip this line. File an amended tax return for 2010 Line 3. File an amended tax return for 2010   Enter the amount of insurance or other reimbursements you received (including through litigation). File an amended tax return for 2010 If none, enter -0-. File an amended tax return for 2010 Lines 4–7. File an amended tax return for 2010   Skip these lines. File an amended tax return for 2010 Line 8. File an amended tax return for 2010   Enter the amount you paid to repair the damage to your home and household appliances due to corrosive drywall. File an amended tax return for 2010 Enter only the amounts you paid to restore your home to the condition existing immediately before the damage. File an amended tax return for 2010 Do not enter any amounts you paid for improvements or additions that increased the value of your home above its pre-loss value. File an amended tax return for 2010 If you replaced a household appliance instead of repairing it, enter the lesser of: The current cost to replace the original appliance, or The basis of the original appliance (generally its cost). File an amended tax return for 2010 Line 9. File an amended tax return for 2010   If line 8 is more than line 3, do one of the following. File an amended tax return for 2010 If you have a pending claim for reimbursement (or you intend to pursue reimbursement), enter 75% of the difference between lines 3 and 8. File an amended tax return for 2010 If item (1) does not apply to you, enter the full amount of the difference between lines 3 and 8. File an amended tax return for 2010 If line 8 is less than or equal to line 3, you cannot claim a casualty loss deduction using this special procedure. File an amended tax return for 2010    If you have a pending claim for reimbursement (or you intend to pursue reimbursement), you may have income or an additional deduction in a later tax year depending on the actual amount of reimbursement received. File an amended tax return for 2010 See Reimbursement Received After Deducting Loss, later. File an amended tax return for 2010 Lines 10–18. File an amended tax return for 2010   Complete these lines according to the Instructions for Form 4684. File an amended tax return for 2010 Choosing not to follow this special procedure. File an amended tax return for 2010   If you choose not to follow this special procedure, you are subject to all of the provisions that apply to the deductibility of casualty losses, and you must complete lines 1–9 according to the Instructions for Form 4684. File an amended tax return for 2010 This means, for example, that you must establish that the damage, destruction, or loss of property resulted from an identifiable event as defined earlier under Casualty . File an amended tax return for 2010 Furthermore, you must have proof that shows the following. File an amended tax return for 2010 The loss is properly deductible in the tax year you claimed it and not in some other year. File an amended tax return for 2010 See When To Report Gains and Losses , later. File an amended tax return for 2010 The amount of the claimed loss. File an amended tax return for 2010 See Proof of Loss , later. File an amended tax return for 2010 No claim for reimbursement of any portion of the loss exists for which there is a reasonable prospect of recovery. File an amended tax return for 2010 See When To Report Gains and Losses , later. File an amended tax return for 2010 Theft A theft is the taking and removing of money or property with the intent to deprive the owner of it. File an amended tax return for 2010 The taking of property must be illegal under the law of the state where it occurred and it must have been done with criminal intent. File an amended tax return for 2010 You do not need to show a conviction for theft. File an amended tax return for 2010 Theft includes the taking of money or property by the following means. File an amended tax return for 2010 Blackmail. File an amended tax return for 2010 Burglary. File an amended tax return for 2010 Embezzlement. File an amended tax return for 2010 Extortion. File an amended tax return for 2010 Kidnapping for ransom. File an amended tax return for 2010 Larceny. File an amended tax return for 2010 Robbery. File an amended tax return for 2010 The taking of money or property through fraud or misrepresentation is theft if it is illegal under state or local law. File an amended tax return for 2010 Decline in market value of stock. File an amended tax return for 2010   You cannot deduct as a theft loss the decline in market value of stock acquired on the open market for investment if the decline is caused by disclosure of accounting fraud or other illegal misconduct by the officers or directors of the corporation that issued the stock. File an amended tax return for 2010 However, you can deduct as a capital loss the loss you sustain when you sell or exchange the stock or the stock becomes completely worthless. File an amended tax return for 2010 You report a capital loss on Schedule D (Form 1040). File an amended tax return for 2010 For more information about stock sales, worthless stock, and capital losses, see chapter 4 of Publication 550. File an amended tax return for 2010 Mislaid or lost property. File an amended tax return for 2010    The simple disappearance of money or property is not a theft. File an amended tax return for 2010 However, an accidental loss or disappearance of property can qualify as a casualty if it results from an identifiable event that is sudden, unexpected, or unusual. File an amended tax return for 2010 Sudden, unexpected, and unusual events were defined earlier under Casualty . File an amended tax return for 2010 Example. File an amended tax return for 2010 A car door is accidentally slammed on your hand, breaking the setting of your diamond ring. File an amended tax return for 2010 The diamond falls from the ring and is never found. File an amended tax return for 2010 The loss of the diamond is a casualty. File an amended tax return for 2010 Losses from Ponzi-type investment schemes. File an amended tax return for 2010   The IRS has issued the following guidance to assist taxpayers who are victims of losses from Ponzi-type investment schemes: Revenue Ruling 2009-9, 2009-14 I. File an amended tax return for 2010 R. File an amended tax return for 2010 B. File an amended tax return for 2010 735 (available at www. File an amended tax return for 2010 irs. File an amended tax return for 2010 gov/irb/2009-14_IRB/ar07. File an amended tax return for 2010 html). File an amended tax return for 2010 Revenue Procedure 2009-20, 2009-14 I. File an amended tax return for 2010 R. File an amended tax return for 2010 B. File an amended tax return for 2010 749 (available at www. File an amended tax return for 2010 irs. File an amended tax return for 2010 gov/irb/2009-14_IRB/ar11. File an amended tax return for 2010 html). File an amended tax return for 2010 Revenue Procedure 2011-58, 2011-50 I. File an amended tax return for 2010 R. File an amended tax return for 2010 B. File an amended tax return for 2010 847 (available at www. File an amended tax return for 2010 irs. File an amended tax return for 2010 gov/irb/2011-50_IRB/ar11. File an amended tax return for 2010 html). File an amended tax return for 2010 If you qualify to use Revenue Procedure 2009-20, as modified by Revenue Procedure 2011-58, and you choose to follow the procedures in the guidance, first fill out Section C of Form 4684 to determine the amount to enter on Section B, line 28. File an amended tax return for 2010 Skip lines 19 to 27, but you must fill out Section B, lines 29 to 39, as appropriate. File an amended tax return for 2010 Section C of Form 4684 replaces Appendix A in Revenue Procedure 2009-20. File an amended tax return for 2010 You do not need to complete Appendix A. File an amended tax return for 2010 For more information, see the above revenue ruling and revenue procedures, and the Instructions for Form 4684. File an amended tax return for 2010   If you choose not to use the procedures in Revenue Procedure 2009-20, as modified by Revenue Procedure 2011-58, you may claim your theft loss by filling out Section B, lines 19 to 39, as appropriate. File an amended tax return for 2010 Loss on Deposits A loss on deposits can occur when a bank, credit union, or other financial institution becomes insolvent or bankrupt. File an amended tax return for 2010 If you incurred this type of loss, you can choose one of the following ways to deduct the loss. File an amended tax return for 2010 As a casualty loss. File an amended tax return for 2010 As an ordinary loss. File an amended tax return for 2010 As a nonbusiness bad debt. File an amended tax return for 2010 Casualty loss or ordinary loss. File an amended tax return for 2010   You can choose to deduct a loss on deposits as a casualty loss or as an ordinary loss for any year in which you can reasonably estimate how much of your deposits you have lost in an insolvent or bankrupt financial institution. File an amended tax return for 2010 The choice generally is made on the return you file for that year and applies to all your losses on deposits for the year in that particular financial institution. File an amended tax return for 2010 If you treat the loss as a casualty or ordinary loss, you cannot treat the same amount of the loss as a nonbusiness bad debt when it actually becomes worthless. File an amended tax return for 2010 However, you can take a nonbusiness bad debt deduction for any amount of loss that is more than the estimated amount you deducted as a casualty or ordinary loss. File an amended tax return for 2010 Once you make the choice, you cannot change it without permission from the Internal Revenue Service. File an amended tax return for 2010   If you claim an ordinary loss, report it as a miscellaneous itemized deduction on Schedule A (Form 1040), line 23. File an amended tax return for 2010 The maximum amount you can claim is $20,000 ($10,000 if you are married filing separately) reduced by any expected state insurance proceeds. File an amended tax return for 2010 Your loss is subject to the 2%-of-adjusted-gross-income limit. File an amended tax return for 2010 You cannot choose to claim an ordinary loss if any part of the deposit is federally insured. File an amended tax return for 2010 Nonbusiness bad debt. File an amended tax return for 2010   If you do not choose to deduct the loss as a casualty loss or as an ordinary loss, you must wait until the year the actual loss is determined and deduct the loss as a nonbusiness bad debt in that year. File an amended tax return for 2010 How to report. File an amended tax return for 2010   The kind of deduction you choose for your loss on deposits determines how you report your loss. File an amended tax return for 2010 See Table 1. File an amended tax return for 2010 More information. File an amended tax return for 2010   For more information, see Special Treatment for Losses on Deposits in Insolvent or Bankrupt Financial Institutions in the Instructions for Form 4684. File an amended tax return for 2010 Deducted loss recovered. File an amended tax return for 2010   If you recover an amount you deducted as a loss in an earlier year, you may have to include the amount recovered in your income for the year of recovery. File an amended tax return for 2010 If any part of the original deduction did not reduce your tax in the earlier year, you do not have to include that part of the recovery in your income. File an amended tax return for 2010 For more information, see Recoveries in Publication 525. File an amended tax return for 2010 Proof of Loss To deduct a casualty or theft loss, you must be able to show that there was a casualty or theft. File an amended tax return for 2010 You also must be able to support the amount you take as a deduction. File an amended tax return for 2010 Casualty loss proof. File an amended tax return for 2010   For a casualty loss, you should be able to show all of the following. File an amended tax return for 2010 The type of casualty (car accident, fire, storm, etc. File an amended tax return for 2010 ) and when it occurred. File an amended tax return for 2010 That the loss was a direct result of the casualty. File an amended tax return for 2010 That you were the owner of the property, or if you leased the property from someone else, that you were contractually liable to the owner for the damage. File an amended tax return for 2010 Whether a claim for reimbursement exists for which there is a reasonable expectation of recovery. File an amended tax return for 2010 Theft loss proof. File an amended tax return for 2010   For a theft loss, you should be able to show all of the following. File an amended tax return for 2010 When you discovered that your property was missing. File an amended tax return for 2010 That your property was stolen. File an amended tax return for 2010 That you were the owner of the property. File an amended tax return for 2010 Whether a claim for reimbursement exists for which there is a reasonable expectation of recovery. File an amended tax return for 2010    It is important that you have records that will prove your deduction. File an amended tax return for 2010 If you do not have the actual records to support your deduction, you can use other satisfactory evidence to support it. File an amended tax return for 2010 Figuring a Loss To determine your deduction for a casualty or theft loss, you must first figure your loss. File an amended tax return for 2010 Table 1. File an amended tax return for 2010 Reporting Loss on Deposits IF you choose to report the loss as a(n). File an amended tax return for 2010 . File an amended tax return for 2010 . File an amended tax return for 2010   THEN report it on. File an amended tax return for 2010 . File an amended tax return for 2010 . File an amended tax return for 2010 casualty loss   Form 4684 and Schedule A  (Form 1040). File an amended tax return for 2010 ordinary loss   Schedule A (Form 1040). File an amended tax return for 2010 nonbusiness bad debt   Form 8949 and Schedule D (Form 1040). File an amended tax return for 2010 Amount of loss. File an amended tax return for 2010   Figure the amount of your loss using the following steps. File an amended tax return for 2010 Determine your adjusted basis in the property before the casualty or theft. File an amended tax return for 2010 Determine the decrease in fair market value (FMV) of the property as a result of the casualty or theft. File an amended tax return for 2010 From the smaller of the amounts you determined in (1) and (2), subtract any insurance or other reimbursement you received or expect to receive. File an amended tax return for 2010 For personal-use property and property used in performing services as an employee, apply the deduction limits, discussed later, to determine the amount of your deductible loss. File an amended tax return for 2010 Gain from reimbursement. File an amended tax return for 2010   If your reimbursement is more than your adjusted basis in the property, you have a gain. File an amended tax return for 2010 This is true even if the decrease in the FMV of the property is smaller than your adjusted basis. File an amended tax return for 2010 If you have a gain, you may have to pay tax on it, or you may be able to postpone reporting the gain. File an amended tax return for 2010 See Figuring a Gain , later. File an amended tax return for 2010 Business or income-producing property. File an amended tax return for 2010   If you have business or income-producing property, such as rental property, and it is stolen or completely destroyed, the decrease in FMV is not considered. File an amended tax return for 2010 Your loss is figured as follows:   Your adjusted basis in the property     MINUS     Any salvage value     MINUS     Any insurance or other reimbursement you  receive or expect to receive   Loss of inventory. File an amended tax return for 2010   There are two ways you can deduct a casualty or theft loss of inventory, including items you hold for sale to customers. File an amended tax return for 2010   One way is to deduct the loss through the increase in the cost of goods sold by properly reporting your opening and closing inventories. File an amended tax return for 2010 Do not claim this loss again as a casualty or theft loss. File an amended tax return for 2010 If you take the loss through the increase in the cost of goods sold, include any insurance or other reimbursement you receive for the loss in gross income. File an amended tax return for 2010   The other way is to deduct the loss separately. File an amended tax return for 2010 If you deduct it separately, eliminate the affected inventory items from the cost of goods sold by making a downward adjustment to opening inventory or purchases. File an amended tax return for 2010 Reduce the loss by the reimbursement you received. File an amended tax return for 2010 Do not include the reimbursement in gross income. File an amended tax return for 2010 If you do not receive the reimbursement by the end of the year, you may not claim a loss to the extent you have a reasonable prospect of recovery. File an amended tax return for 2010 Leased property. File an amended tax return for 2010   If you are liable for casualty damage to property you lease, your loss is the amount you must pay to repair the property minus any insurance or other reimbursement you receive or expect to receive. File an amended tax return for 2010 Separate computations. File an amended tax return for 2010   Generally, if a single casualty or theft involves more than one item of property, you must figure the loss on each item separately. File an amended tax return for 2010 Then combine the losses to determine the total loss from that casualty or theft. File an amended tax return for 2010 Exception for personal-use real property. File an amended tax return for 2010   In figuring a casualty loss on personal-use real property, the entire property (including any improvements, such as buildings, trees, and shrubs) is treated as one item. File an amended tax return for 2010 Figure the loss using the smaller of the following. File an amended tax return for 2010 The decrease in FMV of the entire property. File an amended tax return for 2010 The adjusted basis of the entire property. File an amended tax return for 2010   See Real property under Figuring the Deduction, later. File an amended tax return for 2010 Decrease in Fair Market Value Fair market value (FMV) is the price for which you could sell your property to a willing buyer when neither of you has to sell or buy and both of you know all the relevant facts. File an amended tax return for 2010 The decrease in FMV used to figure the amount of a casualty or theft loss is the difference between the property's fair market value immediately before and immediately after the casualty or theft. File an amended tax return for 2010 FMV of stolen property. File an amended tax return for 2010   The FMV of property immediately after a theft is considered to be zero because you no longer have the property. File an amended tax return for 2010 Example. File an amended tax return for 2010 Several years ago, you purchased silver dollars at face value for $150. File an amended tax return for 2010 This is your adjusted basis in the property. File an amended tax return for 2010 Your silver dollars were stolen this year. File an amended tax return for 2010 The FMV of the coins was $1,000 just before they were stolen, and insurance did not cover them. File an amended tax return for 2010 Your theft loss is $150. File an amended tax return for 2010 Recovered stolen property. File an amended tax return for 2010   Recovered stolen property is your property that was stolen and later returned to you. File an amended tax return for 2010 If you recovered property after you had already taken a theft loss deduction, you must refigure your loss using the smaller of the property's adjusted basis (explained later) or the decrease in FMV from the time just before it was stolen until the time it was recovered. File an amended tax return for 2010 Use this amount to refigure your total loss for the year in which the loss was deducted. File an amended tax return for 2010   If your refigured loss is less than the loss you deducted, you generally have to report the difference as income in the recovery year. File an amended tax return for 2010 But report the difference only up to the amount of the loss that reduced your tax. File an amended tax return for 2010 For more information on the amount to report, see Recoveries in Publication 525. File an amended tax return for 2010 Figuring Decrease in FMV — Items To Consider To figure the decrease in FMV because of a casualty or theft, you generally need a competent appraisal. File an amended tax return for 2010 However, other measures also can be used to establish certain decreases. File an amended tax return for 2010 See Appraisal and Cost of cleaning up or making repairs , next. File an amended tax return for 2010 Appraisal. File an amended tax return for 2010   An appraisal to determine the difference between the FMV of the property immediately before a casualty or theft and immediately afterwards should be made by a competent appraiser. File an amended tax return for 2010 The appraiser must recognize the effects of any general market decline that may occur along with the casualty. File an amended tax return for 2010 This information is needed to limit any deduction to the actual loss resulting from damage to the property. File an amended tax return for 2010   Several factors are important in evaluating the accuracy of an appraisal, including the following. File an amended tax return for 2010 The appraiser's familiarity with your property before and after the casualty or theft. File an amended tax return for 2010 The appraiser's knowledge of sales of comparable property in the area. File an amended tax return for 2010 The appraiser's knowledge of conditions in the area of the casualty. File an amended tax return for 2010 The appraiser's method of appraisal. File an amended tax return for 2010 You may be able to use an appraisal that you used to get a federal loan (or a federal loan guarantee) as the result of a federally declared disaster to establish the amount of your disaster loss. File an amended tax return for 2010 For more information on disasters, see Disaster Area Losses, later. File an amended tax return for 2010 Cost of cleaning up or making repairs. File an amended tax return for 2010   The cost of repairing damaged property is not part of a casualty loss. File an amended tax return for 2010 Neither is the cost of cleaning up after a casualty. File an amended tax return for 2010 But you can use the cost of cleaning up or of making repairs after a casualty as a measure of the decrease in FMV if you meet all the following conditions. File an amended tax return for 2010 The repairs are actually made. File an amended tax return for 2010 The repairs are necessary to bring the property back to its condition before the casualty. File an amended tax return for 2010 The amount spent for repairs is not excessive. File an amended tax return for 2010 The repairs take care of the damage only. File an amended tax return for 2010 The value of the property after the repairs is not, due to the repairs, more than the value of the property before the casualty. File an amended tax return for 2010 Landscaping. File an amended tax return for 2010   The cost of restoring landscaping to its original condition after a casualty may indicate the decrease in FMV. File an amended tax return for 2010 You may be able to measure your loss by what you spend on the following. File an amended tax return for 2010 Removing destroyed or damaged trees and shrubs, minus any salvage you receive. File an amended tax return for 2010 Pruning and other measures taken to preserve damaged trees and shrubs. File an amended tax return for 2010 Replanting necessary to restore the property to its approximate value before the casualty. File an amended tax return for 2010 Car value. File an amended tax return for 2010   Books issued by various automobile organizations that list your car may be useful in figuring the value of your car. File an amended tax return for 2010 You can use the books' retail values and modify them by factors such as the mileage and condition of your car to figure its value. File an amended tax return for 2010 The prices are not official, but they may be useful in determining value and suggesting relative prices for comparison with current sales and offerings in your area. File an amended tax return for 2010 If your car is not listed in the books, determine its value from other sources. File an amended tax return for 2010 A dealer's offer for your car as a trade-in on a new car is not usually a measure of its true value. File an amended tax return for 2010 Figuring Decrease in FMV — Items Not To Consider You generally should not consider the following items when attempting to establish the decrease in FMV of your property. File an amended tax return for 2010 Cost of protection. File an amended tax return for 2010   The cost of protecting your property against a casualty or theft is not part of a casualty or theft loss. File an amended tax return for 2010 The amount you spend on insurance or to board up your house against a storm is not part of your loss. File an amended tax return for 2010 If the property is business property, these expenses are deductible as business expenses. File an amended tax return for 2010   If you make permanent improvements to your property to protect it against a casualty or theft, add the cost of these improvements to your basis in the property. File an amended tax return for 2010 An example would be the cost of a dike to prevent flooding. File an amended tax return for 2010 Exception. File an amended tax return for 2010   You cannot increase your basis in the property by, or deduct as a business expense, any expenditures you made with respect to qualified disaster mitigation payments (discussed later under Disaster Area Losses ). File an amended tax return for 2010 Related expenses. File an amended tax return for 2010   The incidental expenses due to a casualty or theft, such as expenses for the treatment of personal injuries, for temporary housing, or for a rental car, are not part of your casualty or theft loss. File an amended tax return for 2010 However, they may be deductible as business expenses if the damaged or stolen property is business property. File an amended tax return for 2010 Replacement cost. File an amended tax return for 2010   The cost of replacing stolen or destroyed property is not part of a casualty or theft loss. File an amended tax return for 2010 Example. File an amended tax return for 2010 You bought a new chair 4 years ago for $300. File an amended tax return for 2010 In April, a fire destroyed the chair. File an amended tax return for 2010 You estimate that it would cost $500 to replace it. File an amended tax return for 2010 If you had sold the chair before the fire, you estimate that you could have received only $100 for it because it was 4 years old. File an amended tax return for 2010 The chair was not insured. File an amended tax return for 2010 Your loss is $100, the FMV of the chair before the fire. File an amended tax return for 2010 It is not $500, the replacement cost. File an amended tax return for 2010 Sentimental value. File an amended tax return for 2010   Do not consider sentimental value when determining your loss. File an amended tax return for 2010 If a family portrait, heirloom, or keepsake is damaged, destroyed, or stolen, you must base your loss on its FMV, as limited by your adjusted basis in the property. File an amended tax return for 2010 Decline in market value of property in or near casualty area. File an amended tax return for 2010   A decrease in the value of your property because it is in or near an area that suffered a casualty, or that might again suffer a casualty, is not to be taken into consideration. File an amended tax return for 2010 You have a loss only for actual casualty damage to your property. File an amended tax return for 2010 However, if your home is in a federally declared disaster area, see Disaster Area Losses , later. File an amended tax return for 2010 Costs of photographs and appraisals. File an amended tax return for 2010   Photographs taken after a casualty will be helpful in establishing the condition and value of the property after it was damaged. File an amended tax return for 2010 Photographs showing the condition of the property after it was repaired, restored, or replaced may also be helpful. File an amended tax return for 2010   Appraisals are used to figure the decrease in FMV because of a casualty or theft. File an amended tax return for 2010 See Appraisal , earlier, under Figuring Decrease in FMV — Items To Consider, for information about appraisals. File an amended tax return for 2010   The costs of photographs and appraisals used as evidence of the value and condition of property damaged as a result of a casualty are not a part of the loss. File an amended tax return for 2010 They are expenses in determining your tax liability. File an amended tax return for 2010 You can claim these costs as a miscellaneous itemized deduction subject to the 2%-of-adjusted-gross-income limit on Schedule A (Form 1040). File an amended tax return for 2010 Adjusted Basis The measure of your investment in the property you own is its basis. File an amended tax return for 2010 For property you buy, your basis is usually its cost to you. File an amended tax return for 2010 For property you acquire in some other way, such as inheriting it, receiving it as a gift, or getting it in a nontaxable exchange, you must figure your basis in another way, as explained in Publication 551. File an amended tax return for 2010 If you inherited the property from someone who died in 2010 and the executor of the decedent's estate made the election to file Form 8939, refer to the information provided by the executor or see Publication 4895, Tax Treatment of Property Acquired From a Decedent Dying in 2010. File an amended tax return for 2010 Adjustments to basis. File an amended tax return for 2010    While you own the property, various events may take place that change your basis. File an amended tax return for 2010 Some events, such as additions or permanent improvements to the property, increase basis. File an amended tax return for 2010 Others, such as earlier casualty losses and depreciation deductions, decrease basis. File an amended tax return for 2010 When you add the increases to the basis and subtract the decreases from the basis, the result is your adjusted basis. File an amended tax return for 2010 See Publication 551 for more information on figuring the basis of your property. File an amended tax return for 2010 Insurance and Other Reimbursements If you receive an insurance or other type of reimbursement, you must subtract the reimbursement when you figure your loss. File an amended tax return for 2010 You do not have a casualty or theft loss to the extent you are reimbursed. File an amended tax return for 2010 If you expect to be reimbursed for part or all of your loss, you must subtract the expected reimbursement when you figure your loss. File an amended tax return for 2010 You must reduce your loss even if you do not receive payment until a later tax year. File an amended tax return for 2010 See Reimbursement Received After Deducting Loss , later. File an amended tax return for 2010 Failure to file a claim for reimbursement. File an amended tax return for 2010   If your property is covered by insurance, you must file a timely insurance claim for reimbursement of your loss. File an amended tax return for 2010 Otherwise, you cannot deduct this loss as a casualty or theft. File an amended tax return for 2010 The portion of the loss usually not covered by insurance (for example, a deductible) is not subject to this rule. File an amended tax return for 2010 Example. File an amended tax return for 2010 You have a car insurance policy with a $1,000 deductible. File an amended tax return for 2010 Because your insurance did not cover the first $1,000 of an auto collision, the $1,000 would be deductible (subject to the $100 and 10% rules, discussed later). File an amended tax return for 2010 This is true, even if you do not file an insurance claim, because your insurance policy would never have reimbursed you for the deductible. File an amended tax return for 2010 Types of Reimbursements The most common type of reimbursement is an insurance payment for your stolen or damaged property. File an amended tax return for 2010 Other types of reimbursements are discussed next. File an amended tax return for 2010 Also see the Instructions for Form 4684. File an amended tax return for 2010 Employer's emergency disaster fund. File an amended tax return for 2010   If you receive money from your employer's emergency disaster fund and you must use that money to rehabilitate or replace property on which you are claiming a casualty loss deduction, you must take that money into consideration in computing the casualty loss deduction. File an amended tax return for 2010 Take into consideration only the amount you used to replace your destroyed or damaged property. File an amended tax return for 2010 Example. File an amended tax return for 2010 Your home was extensively damaged by a tornado. File an amended tax return for 2010 Your loss after reimbursement from your insurance company was $10,000. File an amended tax return for 2010 Your employer set up a disaster relief fund for its employees. File an amended tax return for 2010 Employees receiving money from the fund had to use it to rehabilitate or replace their damaged or destroyed property. File an amended tax return for 2010 You received $4,000 from the fund and spent the entire amount on repairs to your home. File an amended tax return for 2010 In figuring your casualty loss, you must reduce your unreimbursed loss ($10,000) by the $4,000 you received from your employer's fund. File an amended tax return for 2010 Your casualty loss before applying the deduction limits (discussed later) is $6,000. File an amended tax return for 2010 Cash gifts. File an amended tax return for 2010   If you receive excludable cash gifts as a disaster victim and there are no limits on how you can use the money, you do not reduce your casualty loss by these excludable cash gifts. File an amended tax return for 2010 This applies even if you use the money to pay for repairs to property damaged in the disaster. File an amended tax return for 2010 Example. File an amended tax return for 2010 Your home was damaged by a hurricane. File an amended tax return for 2010 Relatives and neighbors made cash gifts to you that were excludable from your income. File an amended tax return for 2010 You used part of the cash gifts to pay for repairs to your home. File an amended tax return for 2010 There were no limits or restrictions on how you could use the cash gifts. File an amended tax return for 2010 It was an excludable gift, so the money you received and used to pay for repairs to your home does not reduce your casualty loss on the damaged home. File an amended tax return for 2010 Insurance payments for living expenses. File an amended tax return for 2010   You do not reduce your casualty loss by insurance payments you receive to cover living expenses in either of the following situations. File an amended tax return for 2010 You lose the use of your main home because of a casualty. File an amended tax return for 2010 Government authorities do not allow you access to your main home because of a casualty or threat of one. File an amended tax return for 2010 Inclusion in income. File an amended tax return for 2010   If these insurance payments are more than the temporary increase in your living expenses, you must include the excess in your income. File an amended tax return for 2010 Report this amount on Form 1040, line 21. File an amended tax return for 2010 However, if the casualty occurs in a federally declared disaster area, none of the insurance payments are taxable. File an amended tax return for 2010 See Qualified disaster relief payments , later, under Disaster Area Losses. File an amended tax return for 2010   A temporary increase in your living expenses is the difference between the actual living expenses you and your family incurred during the period you could not use your home and your normal living expenses for that period. File an amended tax return for 2010 Actual living expenses are the reasonable and necessary expenses incurred because of the loss of your main home. File an amended tax return for 2010 Generally, these expenses include the amounts you pay for the following. File an amended tax return for 2010 Renting suitable housing. File an amended tax return for 2010 Transportation. File an amended tax return for 2010 Food. File an amended tax return for 2010 Utilities. File an amended tax return for 2010 Miscellaneous services. File an amended tax return for 2010 Normal living expenses consist of these same expenses that you would have incurred but did not because of the casualty or the threat of one. File an amended tax return for 2010 Example. File an amended tax return for 2010 As a result of a fire, you vacated your apartment for a month and moved to a motel. File an amended tax return for 2010 You normally pay $525 a month for rent. File an amended tax return for 2010 None was charged for the month the apartment was vacated. File an amended tax return for 2010 Your motel rent for this month was $1,200. File an amended tax return for 2010 You normally pay $200 a month for food. File an amended tax return for 2010 Your food expenses for the month you lived in the motel were $400. File an amended tax return for 2010 You received $1,100 from your insurance company to cover your living expenses. File an amended tax return for 2010 You determine the payment you must include in income as follows. File an amended tax return for 2010 1. File an amended tax return for 2010 Insurance payment for living expenses $1,100 2. File an amended tax return for 2010 Actual expenses during the month you are unable to use your home because of the fire $1,600   3. File an amended tax return for 2010 Normal living expenses 725   4. File an amended tax return for 2010 Temporary increase in living expenses: Subtract line 3  from line 2 875 5. File an amended tax return for 2010 Amount of payment includible in income: Subtract line 4 from line 1 $ 225 Tax year of inclusion. File an amended tax return for 2010   You include the taxable part of the insurance payment in income for the year you regain the use of your main home or, if later, for the year you receive the taxable part of the insurance payment. File an amended tax return for 2010 Example. File an amended tax return for 2010 Your main home was destroyed by a tornado in August 2011. File an amended tax return for 2010 You regained use of your home in November 2012. File an amended tax return for 2010 The insurance payments you received in 2011 and 2012 were $1,500 more than the temporary increase in your living expenses during those years. File an amended tax return for 2010 You include this amount in income on your 2012 Form 1040. File an amended tax return for 2010 If, in 2013, you receive further payments to cover the living expenses you had in 2011 and 2012, you must include those payments in income on your 2013 Form 1040. File an amended tax return for 2010 Disaster relief. File an amended tax return for 2010   Food, medical supplies, and other forms of assistance you receive do not reduce your casualty loss, unless they are replacements for lost or destroyed property. File an amended tax return for 2010 Table 2. File an amended tax return for 2010 Deduction Limit Rules for Personal-Use and Employee Property       $100 Rule 10% Rule 2% Rule General Application You must reduce each casualty or theft loss by $100 when figuring your deduction. File an amended tax return for 2010 Apply this rule to personal-use property after you have figured the amount of your loss. File an amended tax return for 2010 You must reduce your total casualty or theft loss by 10% of your adjusted gross income. File an amended tax return for 2010 Apply this rule to personal-use property after you reduce each loss by $100 (the $100 rule). File an amended tax return for 2010 You must reduce your total casualty or theft loss by 2% of your adjusted gross income. File an amended tax return for 2010 Apply this rule to property you used in performing services as an employee after you have figured the amount of your loss and added it to your job expenses and most other miscellaneous itemized deductions. File an amended tax return for 2010 Single Event Apply this rule only once, even if many pieces of property are affected. File an amended tax return for 2010 Apply this rule only once, even if many pieces of property are affected. File an amended tax return for 2010 Apply this rule only once, even if many pieces of property are affected. File an amended tax return for 2010 More Than One Event Apply to the loss from each event. File an amended tax return for 2010 Apply to the total of all your losses from all events. File an amended tax return for 2010 Apply to the total of all your losses from all events. File an amended tax return for 2010 More Than One Person— With Loss From the   Same Event  (other than a married couple  filing jointly) Apply separately to each person. File an amended tax return for 2010 Apply separately to each person. File an amended tax return for 2010 Apply separately to each person. File an amended tax return for 2010 Married Couple—  With Loss From the  Same Event Filing Joint Return Apply as if you were one person. File an amended tax return for 2010 Apply as if you were one person. File an amended tax return for 2010 Apply as if you were one person. File an amended tax return for 2010 Filing Separate Return Apply separately to each spouse. File an amended tax return for 2010 Apply separately to each spouse. File an amended tax return for 2010 Apply separately to each spouse. File an amended tax return for 2010 More Than One Owner (other than a married couple filing jointly) Apply separately to each owner of jointly owned property. File an amended tax return for 2010 Apply separately to each owner of jointly owned property. File an amended tax return for 2010 Apply separately to each owner of jointly owned property. File an amended tax return for 2010    Qualified disaster relief payments you receive for expenses you incurred as a result of a federally declared disaster, are not taxable income to you. File an amended tax return for 2010 For more information, see Qualified disaster relief payments under Disaster Area Losses, later. File an amended tax return for 2010   Disaster unemployment assistance payments are unemployment benefits that are taxable. File an amended tax return for 2010   Generally, disaster relief grants received under the Robert T. File an amended tax return for 2010 Stafford Disaster Relief and Emergency Assistance Act are not included in your income. File an amended tax return for 2010 See Federal disaster relief grants , later, under Disaster Area Losses. File an amended tax return for 2010 Loan proceeds. File an amended tax return for 2010   Do not reduce your casualty loss by loan proceeds you use to rehabilitate or replace property on which you are claiming a casualty loss deduction. File an amended tax return for 2010 If you have a federal loan that is canceled (forgiven), see Federal loan canceled , later, under Disaster Area Losses. File an amended tax return for 2010 Reimbursement Received After Deducting Loss If you figured your casualty or theft loss using the amount of your expected reimbursement, you may have to adjust your tax return for the tax year in which you get your actual reimbursement. File an amended tax return for 2010 This section explains the adjustment you may have to make. File an amended tax return for 2010 Actual reimbursement less than expected. File an amended tax return for 2010   If you later receive less reimbursement than you expected, include that difference as a loss with your other losses (if any) on your return for the year in which you can reasonably expect no more reimbursement. File an amended tax return for 2010 Example. File an amended tax return for 2010 Your personal car had a FMV of $2,000 when it was destroyed in a collision with another car in 2012. File an amended tax return for 2010 The accident was due to the negligence of the other driver. File an amended tax return for 2010 At the end of 2012, there was a reasonable prospect that the owner of the other car would reimburse you in full. File an amended tax return for 2010 You did not have a deductible loss in 2012. File an amended tax return for 2010 In January 2013, the court awards you a judgment of $2,000. File an amended tax return for 2010 However, in July it becomes apparent that you will be unable to collect any amount from the other driver. File an amended tax return for 2010 Since this is your only casualty or theft loss, you can deduct the loss in 2013 that is figured by applying the Deduction Limits (discussed later). File an amended tax return for 2010 Actual reimbursement more than expected. File an amended tax return for 2010   If you later receive more reimbursement than you expected, after you have claimed a deduction for the loss, you may have to include the extra reimbursement in your income for the year you receive it. File an amended tax return for 2010 However, if any part of the original deduction did not reduce your tax for the earlier year, do not include that part of the reimbursement in your income. File an amended tax return for 2010 You do not refigure your tax for the year you claimed the deduction. File an amended tax return for 2010 See Recoveries in Publication 525 to find out how much extra reimbursement to include in income. File an amended tax return for 2010 Example. File an amended tax return for 2010 In 2012, a hurricane destroyed your motorboat. File an amended tax return for 2010 Your loss was $3,000, and you estimated that your insurance would cover $2,500 of it. File an amended tax return for 2010 You did not itemize deductions on your 2012 return, so you could not deduct the loss. File an amended tax return for 2010 When the insurance company reimburses you for the loss, you do not report any of the reimbursement as income. File an amended tax return for 2010 This is true even if it is for the full $3,000 because you did not deduct the loss on your 2012 return. File an amended tax return for 2010 The loss did not reduce your tax. File an amended tax return for 2010    If the total of all the reimbursements you receive is more than your adjusted basis in the destroyed or stolen property, you will have a gain on the casualty or theft. File an amended tax return for 2010 If you have already taken a deduction for a loss and you receive the reimbursement in a later year, you may have to include the gain in your income for the later year. File an amended tax return for 2010 Include the gain as ordinary income up to the amount of your deduction that reduced your tax for the earlier year. File an amended tax return for 2010 You may be able to postpone reporting any remaining gain as explained under Postponement of Gain, later. File an amended tax return for 2010 Actual reimbursement same as expected. File an amended tax return for 2010   If you receive exactly the reimbursement you expected to receive, you do not have to include any of the reimbursement in your income and you cannot deduct any additional loss. File an amended tax return for 2010 Example. File an amended tax return for 2010 In December 2013, you had a collision while driving your personal car. File an amended tax return for 2010 Repairs to the car cost $950. File an amended tax return for 2010 You had $100 deductible collision insurance. File an amended tax return for 2010 Your insurance company agreed to reimburse you for the rest of the damage. File an amended tax return for 2010 Because you expected a reimbursement from the insurance company, you did not have a casualty loss deduction in 2013. File an amended tax return for 2010 Due to the $100 rule, you cannot deduct the $100 you paid as the deductible. File an amended tax return for 2010 When you receive the $850 from the insurance company in 2014, do not report it as income. File an amended tax return for 2010 Deduction Limits After you have figured your casualty or theft loss, you must figure how much of the loss you can deduct. File an amended tax return for 2010 The deduction for casualty and theft losses of employee property and personal-use property is limited. File an amended tax return for 2010 A loss on employee property is subject to the 2% rule, discussed next. File an amended tax return for 2010 With certain exceptions, a loss on property you own for your personal use is subject to the $100 and 10% rules, discussed later. File an amended tax return for 2010 The 2%, $100, and 10% rules are also summarized in Table 2 . File an amended tax return for 2010 Losses on business property (other than employee property) and income-producing property are not subject to these rules. File an amended tax return for 2010 However, if your casualty or theft loss involved a home you used for business or rented out, your deductible loss may be limited. File an amended tax return for 2010 See the Instructions for Form 4684, Section B. File an amended tax return for 2010 If the casualty or theft loss involved property used in a passive activity, see Form 8582, Passive Activity Loss Limitations, and its instructions. File an amended tax return for 2010 2% Rule The casualty and theft loss deduction for employee property, when added to your job expenses and most other miscellaneous itemized deductions on Schedule A (Form 1040) or Form 1040NR, Schedule A, must be reduced by 2% of your adjusted gross income. File an amended tax return for 2010 Employee property is property used in performing services as an employee. File an amended tax return for 2010 $100 Rule After you have figured your casualty or theft loss on personal-use property, as discussed earlier, you must reduce that loss by $100. File an amended tax return for 2010 This reduction applies to each total casualty or theft loss. File an amended tax return for 2010 It does not matter how many pieces of property are involved in an event. File an amended tax return for 2010 Only a single $100 reduction applies. File an amended tax return for 2010 Example. File an amended tax return for 2010 You have $750 deductible collision insurance on your car. File an amended tax return for 2010 The car is damaged in a collision. File an amended tax return for 2010 The insurance company pays you for the damage minus the $750 deductible. File an amended tax return for 2010 The amount of the casualty loss is based solely on the deductible. File an amended tax return for 2010 The casualty loss is $650 ($750 − $100) because the first $100 of a casualty loss on personal-use property is not deductible. File an amended tax return for 2010 Single event. File an amended tax return for 2010   Generally, events closely related in origin cause a single casualty. File an amended tax return for 2010 It is a single casualty when the damage is from two or more closely related causes, such as wind and flood damage caused by the same storm. File an amended tax return for 2010 A single casualty may also damage two or more pieces of property, such as a hailstorm that damages both your home and your car parked in your driveway. File an amended tax return for 2010 Example 1. File an amended tax return for 2010 A thunderstorm destroyed your pleasure boat. File an amended tax return for 2010 You also lost some boating equipment in the storm. File an amended tax return for 2010 Your loss was $5,000 on the boat and $1,200 on the equipment. File an amended tax return for 2010 Your insurance company reimbursed you $4,500 for the damage to your boat. File an amended tax return for 2010 You had no insurance coverage on the equipment. File an amended tax return for 2010 Your casualty loss is from a single event and the $100 rule applies once. File an amended tax return for 2010 Figure your loss before applying the 10% rule (discussed later) as follows. File an amended tax return for 2010     Boat Equipment 1. File an amended tax return for 2010 Loss $5,000 $1,200 2. File an amended tax return for 2010 Subtract insurance 4,500 -0- 3. File an amended tax return for 2010 Loss after reimbursement $ 500 $1,200 4. File an amended tax return for 2010 Total loss $1,700 5. File an amended tax return for 2010 Subtract $100 100 6. File an amended tax return for 2010 Loss before 10% rule $1,600 Example 2. File an amended tax return for 2010 Thieves broke into your home in January and stole a ring and a fur coat. File an amended tax return for 2010 You had a loss of $200 on the ring and $700 on the coat. File an amended tax return for 2010 This is a single theft. File an amended tax return for 2010 The $100 rule applies to the total $900 loss. File an amended tax return for 2010 Example 3. File an amended tax return for 2010 In September, hurricane winds blew the roof off your home. File an amended tax return for 2010 Flood waters caused by the hurricane further damaged your home and destroyed your furniture and personal car. File an amended tax return for 2010 This is considered a single casualty. File an amended tax return for 2010 The $100 rule is applied to your total loss from the flood waters and the wind. File an amended tax return for 2010 More than one loss. File an amended tax return for 2010   If you have more than one casualty or theft loss during your tax year, you must reduce each loss by $100. File an amended tax return for 2010 Example. File an amended tax return for 2010 Your family car was damaged in an accident in January. File an amended tax return for 2010 Your loss after the insurance reimbursement was $75. File an amended tax return for 2010 In February, your car was damaged in another accident. File an amended tax return for 2010 This time your loss after the insurance reimbursement was $90. File an amended tax return for 2010 Apply the $100 rule to each separate casualty loss. File an amended tax return for 2010 Since neither accident resulted in a loss of over $100, you are not entitled to any deduction for these accidents. File an amended tax return for 2010 More than one person. File an amended tax return for 2010   If two or more individuals (other than a husband and wife filing a joint return) have losses from the same casualty or theft, the $100 rule applies separately to each individual. File an amended tax return for 2010 Example. File an amended tax return for 2010 A fire damaged your house and also damaged the personal property of your house guest. File an amended tax return for 2010 You must reduce your loss by $100. File an amended tax return for 2010 Your house guest must reduce his or her loss by $100. File an amended tax return for 2010 Married taxpayers. File an amended tax return for 2010   If you and your spouse file a joint return, you are treated as one individual in applying the $100 rule. File an amended tax return for 2010 It does not matter whether you own the property jointly or separately. File an amended tax return for 2010   If you and your spouse have a casualty or theft loss and you file separate returns, each of you must reduce your loss by $100. File an amended tax return for 2010 This is true even if you own the property jointly. File an amended tax return for 2010 If one spouse owns the property, only that spouse can figure a loss deduction on a separate return. File an amended tax return for 2010   If the casualty or theft loss is on property you own as tenants by the entirety, each of you can figure your deduction on only one-half of the loss on separate returns. File an amended tax return for 2010 Neither of you can figure your deduction on the entire loss on a separate return. File an amended tax return for 2010 Each of you must reduce the loss by $100. File an amended tax return for 2010 More than one owner. File an amended tax return for 2010   If two or more individuals (other than a husband and wife filing a joint return) have a loss on property jointly owned, the $100 rule applies separately to each. File an amended tax return for 2010 For example, if two sisters live together in a home they own jointly and they have a casualty loss on the home, the $100 rule applies separately to each sister. File an amended tax return for 2010 10% Rule You must reduce the total of all your casualty or theft losses on personal-use property by 10% of your adjusted gross income. File an amended tax return for 2010 Apply this rule after you reduce each loss by $100. File an amended tax return for 2010 For more information, see the Form 4684 instructions. File an amended tax return for 2010 If you have both gains and losses from casualties or thefts, see Gains and losses , later in this discussion. File an amended tax return for 2010 Example. File an amended tax return for 2010 In June, you discovered that your house had been burglarized. File an amended tax return for 2010 Your loss after insurance reimbursement was $2,000. File an amended tax return for 2010 Your adjusted gross income for the year you discovered the theft is $29,500. File an amended tax return for 2010 Figure your theft loss as follows. File an amended tax return for 2010 1. File an amended tax return for 2010 Loss after insurance $2,000 2. File an amended tax return for 2010 Subtract $100 100 3. File an amended tax return for 2010 Loss after $100 rule $1,900 4. File an amended tax return for 2010 Subtract 10% of $29,500 AGI $2,950 5. File an amended tax return for 2010 Theft loss deduction $-0- You do not have a theft loss deduction because your loss ($1,900) is less than 10% of your adjusted gross income ($2,950). File an amended tax return for 2010 More than one loss. File an amended tax return for 2010   If you have more than one casualty or theft loss during your tax year, reduce each loss by any reimbursement and by $100. File an amended tax return for 2010 Then you must reduce the total of all your losses by 10% of your adjusted gross income. File an amended tax return for 2010 Example. File an amended tax return for 2010 In March, you had a car accident that totally destroyed your car. File an amended tax return for 2010 You did not have collision insurance on your car, so you did not receive any insurance reimbursement. File an amended tax return for 2010 Your loss on the car was $1,800. File an amended tax return for 2010 In November, a fire damaged your basement and totally destroyed the furniture, washer, dryer, and other items you had stored there. File an amended tax return for 2010 Your loss on the basement items after reimbursement was $2,100. File an amended tax return for 2010 Your adjusted gross income for the year that the accident and fire occurred is $25,000. File an amended tax return for 2010 You figure your casualty loss deduction as follows. File an amended tax return for 2010     Car Basement 1. File an amended tax return for 2010 Loss $1,800 $2,100 2. File an amended tax return for 2010 Subtract $100 per incident 100 100 3. File an amended tax return for 2010 Loss after $100 rule $1,700 $2,000 4. File an amended tax return for 2010 Total loss $3,700 5. File an amended tax return for 2010 Subtract 10% of $25,000 AGI 2,500 6. File an amended tax return for 2010 Casualty loss deduction $1,200 Married taxpayers. File an amended tax return for 2010   If you and your spouse file a joint return, you are treated as one individual in applying the 10% rule. File an amended tax return for 2010 It does not matter if you own the property jointly or separately. File an amended tax return for 2010   If you file separate returns, the 10% rule applies to each return on which a loss is claimed. File an amended tax return for 2010 More than one owner. File an amended tax return for 2010   If two or more individuals (other than husband and wife filing a joint return) have a loss on property that is owned jointly, the 10% rule applies separately to each. File an amended tax return for 2010 Gains and losses. File an amended tax return for 2010   If you have casualty or theft gains as well as losses to personal-use property, you must compare your total gains to your total losses. File an amended tax return for 2010 Do this after you have reduced each loss by any reimbursements and by $100 but before you have reduced the losses by 10% of your adjusted gross income. File an amended tax return for 2010 Casualty or theft gains do not include gains you choose to postpone. File an amended tax return for 2010 See Postponement of Gain, later. File an amended tax return for 2010 Losses more than gains. File an amended tax return for 2010   If your losses are more than your recognized gains, subtract your gains from your losses and reduce the result by 10% of your adjusted gross income. File an amended tax return for 2010 The rest, if any, is your deductible loss from personal-use property. File an amended tax return for 2010 Example. File an amended tax return for 2010 Your theft loss after reducing it by reimbursements and by $100 is $2,700. File an amended tax return for 2010 Your casualty gain is $700. File an amended tax return for 2010 Your loss is more than your gain, so you must reduce your $2,000 net loss ($2,700 − $700) by 10% of your adjusted gross income. File an amended tax return for 2010 Gains more than losses. File an amended tax return for 2010   If your recognized gains are more than your losses, subtract your losses from your gains. File an amended tax return for 2010 The difference is treated as a capital gain and must be reported on Schedule D (Form 1040). File an amended tax return for 2010 The 10% rule does not apply to your gains. File an amended tax return for 2010 Example. File an amended tax return for 2010 Your theft loss is $600 after reducing it by reimbursements and by $100. File an amended tax return for 2010 Your casualty gain is $1,600. File an amended tax return for 2010 Because your gain is more than your loss, you must report the $1,000 net gain ($1,600 − $600) on Schedule D (Form 1040). File an amended tax return for 2010 More information. File an amended tax return for 2010   For information on how to figure recognized gains, see Figuring a Gain , later. File an amended tax return for 2010 Figuring the Deduction Generally, you must figure your loss separately for each item stolen, damaged, or destroyed. File an amended tax return for 2010 However, a special rule applies to real property you own for personal use. File an amended tax return for 2010 Real property. File an amended tax return for 2010   In figuring a loss to real estate you own for personal use, all improvements (such as buildings and ornamental trees and the land containing the improvements) are considered together. File an amended tax return for 2010 Example 1. File an amended tax return for 2010 In June, a fire destroyed your lakeside cottage, which cost $144,800 (including $14,500 for the land) several years ago. File an amended tax return for 2010 (Your land was not damaged. File an amended tax return for 2010 ) This was your only casualty or theft loss for the year. File an amended tax return for 2010 The FMV of the property immediately before the fire was $180,000 ($145,000 for the cottage and $35,000 for the land). File an amended tax return for 2010 The FMV immediately after the fire was $35,000 (value of the land). File an amended tax return for 2010 You collected $130,000 from the insurance company. File an amended tax return for 2010 Your adjusted gross income for the year the fire occurred is $80,000. File an amended tax return for 2010 Your deduction for the casualty loss is $6,700, figured in the following manner. File an amended tax return for 2010 1. File an amended tax return for 2010 Adjusted basis of the entire property (cost in this example) $144,800 2. File an amended tax return for 2010 FMV of entire property  before fire $180,000 3. File an amended tax return for 2010 FMV of entire property after fire 35,000 4. File an amended tax return for 2010 Decrease in FMV of entire property (line 2 − line 3) $145,000 5. File an amended tax return for 2010 Loss (smaller of line 1 or line 4) $144,800 6. File an amended tax return for 2010 Subtract insurance 130,000 7. File an amended tax return for 2010 Loss after reimbursement $14,800 8. File an amended tax return for 2010 Subtract $100 100 9. File an amended tax return for 2010 Loss after $100 rule $14,700 10. File an amended tax return for 2010 Subtract 10% of $80,000 AGI 8,000 11. File an amended tax return for 2010 Casualty loss deduction $ 6,700 Example 2. File an amended tax return for 2010 You bought your home a few years ago. File an amended tax return for 2010 You paid $150,000 ($10,000 for the land and $140,000 for the house). File an amended tax return for 2010 You also spent an additional $2,000 for landscaping. File an amended tax return for 2010 This year a fire destroyed your home. File an amended tax return for 2010 The fire also damaged the shrubbery and trees in your yard. File an amended tax return for 2010 The fire was your only casualty or theft loss this year. File an amended tax return for 2010 Competent appraisers valued the property as a whole at $175,000 before the fire, but only $50,000 after the fire. File an amended tax return for 2010 Shortly after the fire, the insurance company paid you $95,000 for the loss. File an amended tax return for 2010 Your adjusted gross income for this year is $70,000. File an amended tax return for 2010 You figure your casualty loss deduction as follows. File an amended tax return for 2010 1. File an amended tax return for 2010 Adjusted basis of the entire property (cost of land, building, and landscaping) $152,000 2. File an amended tax return for 2010 FMV of entire property  before fire $175,000 3. File an amended tax return for 2010 FMV of entire property after fire 50,000 4. File an amended tax return for 2010 Decrease in FMV of entire property (line 2 − line 3) $125,000 5. File an amended tax return for 2010 Loss (smaller of line 1 or line 4) $125,000 6. File an amended tax return for 2010 Subtract insurance 95,000 7. File an amended tax return for 2010 Loss after reimbursement $30,000 8. File an amended tax return for 2010 Subtract $100 100 9. File an amended tax return for 2010 Loss after $100 rule $29,900 10. File an amended tax return for 2010 Subtract 10% of $70,000 AGI 7,000 11. File an amended tax return for 2010 Casualty loss deduction $ 22,900 Personal property. File an amended tax return for 2010   Personal property is any property that is not real property. File an amended tax return for 2010 If your personal property is stolen or is damaged or destroyed by a casualty, you must figure your loss separately for each item of property. File an amended tax return for 2010 Then combine these separate losses to figure the total loss. File an amended tax return for 2010 Reduce the total loss by $100 and 10% of your adjusted gross income to figure the loss deduction. File an amended tax return for 2010 Example 1. File an amended tax return for 2010 In August, a storm destroyed your pleasure boat, which cost $18,500. File an amended tax return for 2010 This was your only casualty or theft loss for the year. File an amended tax return for 2010 Its FMV immediately before the storm was $17,000. File an amended tax return for 2010 You had no insurance, but were able to salvage the motor of the boat and sell it for $200. File an amended tax return for 2010 Your adjusted gross income for the year the casualty occurred is $70,000. File an amended tax return for 2010 Although the motor was sold separately, it is part of the boat and not a separate item of property. File an amended tax return for 2010 You figure your casualty loss deduction as follows. File an amended tax return for 2010 1. File an amended tax return for 2010 Adjusted basis (cost in this example) $18,500 2. File an amended tax return for 2010 FMV before storm $17,000 3. File an amended tax return for 2010 FMV after storm 200 4. File an amended tax return for 2010 Decrease in FMV  (line 2 − line 3) $16,800 5. File an amended tax return for 2010 Loss (smaller of line 1 or line 4) $16,800 6. File an amended tax return for 2010 Subtract insurance -0- 7. File an amended tax return for 2010 Loss after reimbursement $16,800 8. File an amended tax return for 2010 Subtract $100 100 9. File an amended tax return for 2010 Loss after $100 rule $16,700 10. File an amended tax return for 2010 Subtract 10% of $70,000 AGI 7,000 11. File an amended tax return for 2010 Casualty loss deduction $ 9,700 Example 2. File an amended tax return for 2010 In June, you were involved in an auto accident that totally destroyed your personal car and your antique pocket watch. File an amended tax return for 2010 You had bought the car for $30,000. File an amended tax return for 2010 The FMV of the car just before the accident was $17,500. File an amended tax return for 2010 Its FMV just after the accident was $180 (scrap value). File an amended tax return for 2010 Your insurance company reimbursed you $16,000. File an amended tax return for 2010 Your watch was not insured. File an amended tax return for 2010 You had purchased it for $250. File an amended tax return for 2010 Its FMV just before the accident was $500. File an amended tax return for 2010 Your adjusted gross income for the year the accident occurred is $97,000. File an amended tax return for 2010 Your casualty loss deduction is zero, figured as follows. File an amended tax return for 2010     Car Watch 1. File an amended tax return for 2010 Adjusted basis (cost) $30,000 $250 2. File an amended tax return for 2010 FMV before accident $17,500 $500 3. File an amended tax return for 2010 FMV after accident 180 -0- 4. File an amended tax return for 2010 Decrease in FMV (line 2 − line 3) $17,320 $500 5. File an amended tax return for 2010 Loss (smaller of line 1 or line 4) $17,320 $250 6. File an amended tax return for 2010 Subtract insurance 16,000 -0- 7. File an amended tax return for 2010 Loss after reimbursement $1,320 $250 8. File an amended tax return for 2010 Total loss $1,570 9. File an amended tax return for 2010 Subtract $100 100 10. File an amended tax return for 2010 Loss after $100 rule $1,470 11. File an amended tax return for 2010 Subtract 10% of $97,000 AGI 9,700 12. File an amended tax return for 2010 Casualty loss deduction $ -0- Both real and personal properties. File an amended tax return for 2010   When a casualty involves both real and personal properties, you must figure the loss separately for each type of property. File an amended tax return for 2010 However, you apply a single $100 reduction to the total loss. File an amended tax return for 2010 Then, you apply the 10% rule to figure the casualty loss deduction. File an amended tax return for 2010 Example. File an amended tax return for 2010 In July, a hurricane damaged your home, which cost you $164,000 including land. File an amended tax return for 2010 The FMV of the property (both building and land) immediately before the storm was $170,000 and its FMV immediately after the storm was $100,000. File an amended tax return for 2010 Your household furnishings were also damaged. File an amended tax return for 2010 You separately figured the loss on each damaged household item and arrived at a total loss of $600. File an amended tax return for 2010 You collected $50,000 from the insurance company for the damage to your home, but your household furnishings were not insured. File an amended tax return for 2010 Your adjusted gross income for the year the hurricane occurred is $65,000. File an amended tax return for 2010 You figure your casualty loss deduction from the hurricane in the following manner. File an amended tax return for 2010 1. File an amended tax return for 2010 Adjusted basis of real property (cost in this example) $164,000 2. File an amended tax return for 2010 FMV of real property before hurricane $170,000 3. File an amended tax return for 2010 FMV of real property after hurricane 100,000 4. File an amended tax return for 2010 Decrease in FMV of real property (line 2 − line 3) $70,000 5. File an amended tax return for 2010 Loss on real property (smaller of line 1 or line 4) $70,000 6. File an amended tax return for 2010 Subtract insurance 50,000 7. File an amended tax return for 2010 Loss on real property after reimbursement $20,000 8. File an amended tax return for 2010 Loss on furnishings $600 9. File an amended tax return for 2010 Subtract insurance -0- 10. File an amended tax return for 2010 Loss on furnishings after reimbursement $600 11. File an amended tax return for 2010 Total loss (line 7 plus line 10) $20,600 12. File an amended tax return for 2010 Subtract $100 100 13. File an amended tax return for 2010 Loss after $100 rule $20,500 14. File an amended tax return for 2010 Subtract 10% of $65,000 AGI 6,500 15. File an amended tax return for 2010 Casualty loss deduction $14,000 Property used partly for business and partly for personal purposes. File an amended tax return for 2010   When property is used partly for personal purposes and partly for business or income-producing purposes, the casualty or theft loss deduction must be figured separately for the personal-use portion and for the business or income-producing portion. File an amended tax return for 2010 You must figure each loss separately because the losses attributed to these two uses are figured in two different ways. File an amended tax return for 2010 When figuring each loss, allocate the total cost or basis, the FMV before and after the casualty or theft loss, and the insurance or other reimbursement between the business and personal use of the property. File an amended tax return for 2010 The $100 rule and the 10% rule apply only to the casualty or theft loss on the personal-use portion of the property. File an amended tax return for 2010 Example. File an amended tax return for 2010 You own a building that you constructed on leased land. File an amended tax return for 2010 You use half of the building for your business and you live in the other half. File an amended tax return for 2010 The cost of the building was $400,000. File an amended tax return for 2010 You made no further improvements or additions to it. File an amended tax return for 2010 A flood in March damaged the entire building. File an amended tax return for 2010 The FMV of the building was $380,000 immediately before the flood and $320,000 afterwards. File an amended tax return for 2010 Your insurance company reimbursed you $40,000 for the flood damage. File an amended tax return for 2010 Depreciation on the business part of the building before the flood totaled $24,000. File an amended tax return for 2010 Your adjusted gross income for the year the flood occurred is $125,000. File an amended tax return for 2010 You have a deductible business casualty loss of $10,000. File an amended tax return for 2010 You do not have a deductible personal casualty loss because of the 10% rule. File an amended tax return for 2010 You figure your loss as follows. File an amended tax return for 2010     Business   Personal     Part   Part 1. File an amended tax return for 2010 Cost (total $400,000) $200,000   $200,000 2. File an amended tax return for 2010 Subtract depreciation 24,000   -0- 3. File an amended tax return for 2010 Adjusted basis $176,000   $200,000 4. File an amended tax return for 2010 FMV before flood (total $380,000) $190,000   $190,000 5. File an amended tax return for 2010 FMV after flood (total $320,000) 160,000   160,000 6. File an amended tax return for 2010 Decrease in FMV  (line 4 − line 5) $30,000   $30,000 7. File an amended tax return for 2010 Loss (smaller of line 3 or line 6) $30,000   $30,000 8. File an amended tax return for 2010 Subtract insurance 20,000   20,000 9. File an amended tax return for 2010 Loss after reimbursement $10,000   $10,000 10. File an amended tax return for 2010 Subtract $100 on personal-use property -0-   100 11. File an amended tax return for 2010 Loss after $100 rule $10,000   $9,900 12. File an amended tax return for 2010 Subtract 10% of $125,000 AGI on personal-use property -0-   12,500 13. File an amended tax return for 2010 Deductible business loss $10,000     14. File an amended tax return for 2010 Deductible personal loss $-0- Figuring a Gain If you receive an insurance payment or other reimbursement that is more than your adjusted basis in the destroyed, damaged, or stolen property, you have a gain from the casualty or theft. File an amended tax return for 2010 Your gain is figured as follows. File an amended tax return for 2010 The amount you receive (discussed next), minus Your adjusted basis in the property at the time of the casualty or theft. File an amended tax return for 2010 See Adjusted Basis , earlier, for information on adjusted basis. File an amended tax return for 2010 Even if the decrease in FMV of your property is smaller than the adjusted basis of your property, use your adjusted basis to figure the gain. File an amended tax return for 2010 Amount you receive. File an amended tax return for 2010   The amount you receive includes any money plus the value of any property you receive minus any expenses you have in obtaining reimbursement. File an amended tax return for 2010 It also includes any reimbursement used to pay off a mortgage or other lien on the damaged, destroyed, or stolen property. File an amended tax return for 2010 Example. File an amended tax return for 2010 A hurricane destroyed your personal residence and the insurance company awarded you $145,000. File an amended tax return for 2010 You received $140,000 in cash. File an amended tax return for 2010 The remaining $5,000 was paid directly to the holder of a mortgage on the property. File an amended tax return for 2010 The amount you received includes the $5,000 reimbursement paid on the mortgage. File an amended tax return for 2010 Main home destroyed. File an amended tax return for 2010   If you have a gain because your main home was destroyed, you generally can exclude the gain from your income as if you had sold or exchanged your home. File an amended tax return for 2010 You may be able to exclude up to $250,000 of the gain (up to $500,000 if married filing jointly). File an amended tax return for 2010 To exclude a gain, you generally must have owned and lived in the property as your main home for at least 2 years during the 5-year period ending on the date it was destroyed. File an amended tax return for 2010 For information on this exclusion, see Publication 523. File an amended tax return for 2010 If your gain is more than the amount you can exclude, but you buy replacement property, you may be able to postpone reporting the excess gain. File an amended tax return for 2010 See Postponement of Gain , later. File an amended tax return for 2010 Reporting a gain. File an amended tax return for 2010   You generally must report your gain as income in the year you receive the reimbursement. File an amended tax return for 2010 However, you do not have to report your gain if you meet certain requirements and choose to postpone reporting the gain according to the rules explained under Postponement of Gain, next. File an amended tax return for 2010   For information on how to report a gain, see How To Report Gains and Losses , later. File an amended tax return for 2010    If you have a casualty or theft gain on personal-use property that you choose to postpone reporting (as explained next) and you also have another casualty or theft loss on personal-use property, do not consider the gain you are postponing when figuring your casualty or theft loss deduction. File an amended tax return for 2010 See 10% Rule under Deduction Limits, earlier. File an amended tax return for 2010 Postponement of Gain Do not report a gain if you receive reimbursement in the form of property similar or related in service or use to the destroyed or stolen property. File an amended tax return for 2010 Your basis in the new property is generally the same as your adjusted basis in the property it replaces. File an amended tax return for 2010 You must ordinarily report the gain on your stolen or destroyed property if you receive money or unlike property as reimbursement. File an amended tax return for 2010 However, you can choose to postpone reporting the gain if you purchase property that is similar or related in service or use to the stolen or destroyed property within a specified replacement period, discussed later. File an amended tax return for 2010 You also can choose to postpone reporting the gain if you purchase a controlling interest (at least 80%) in a corporation owning property that is similar or related in service or use to the property. File an amended tax return for 2010 See Controlling interest in a corporation , later. File an amended tax return for 2010 If you have a gain on damaged property, you can postpone reporting the gain if you spend the reimbursement to restore the property. File an amended tax return for 2010 To postpone reporting all the gain, the cost of your replacement property must be at least as much as the reimbursement you receive. File an amended tax return for 2010 If the cost of the replacement property is less than the reimbursement, you must include the gain in your income up to the amount of the unspent reimbursement. File an amended tax return for 2010 Example. File an amended tax return for 2010 In 1970, you bought an oceanfront cottage for your personal use at a cost of $18,000. File an amended tax return for 2010 You made no further improvements or additions to it. File an amended tax return for 2010 When a storm destroyed the cottage this January, the cottage was worth $250,000. File an amended tax return for 2010 You received $146,000 from the insurance company in March. File an amended tax return for 2010 You had a gain of $128,000 ($146,000 − $18,000). File an amended tax return for 2010 You spent $144,000 to rebuild the cottage. File an amended tax return for 2010 Since this is less than the insurance proceeds received, you must include $2,000 ($146,000 − $144,000) in your income. File an amended tax return for 2010 Buying replacement property from a related person. File an amended tax return for 2010   You cannot postpone reporting a gain from a casualty or theft if you buy the replacement property from a related person (discussed later). File an amended tax return for 2010 This rule applies to the following taxpayers. File an amended tax return for 2010 C corporations. File an amended tax return for 2010 Partnerships in which more than 50% of the capital or profits interests is owned by C corporations. File an amended tax return for 2010 All others (including individuals, partnerships — other than those in (2) — and S corporations) if the total realized gain for the tax year on all destroyed or stolen properties on which there are realized gains is more than $100,000. File an amended tax return for 2010 For casualties and thefts described in (3) above, gains cannot be offset by any losses when determining whether the total gain is more than $100,000. File an amended tax return for 2010 If the property is owned by a partnership, the $100,000 limit applies to the partnership and each partner. File an amended tax return for 2010 If the property is owned by an S corporation, the $100,000 limit applies to the S corporation and each shareholder. File an amended tax return for 2010 Exception. File an amended tax return for 2010   This rule does not apply if the related person acquired the property from an unrelated person within the period of time allowed for replacing the destroyed or stolen property. File an amended tax return for 2010 Related persons. File an amended tax return for 2010   Under this rule, related persons include, for example, a parent and child, a brother and sister, a corporation and an individual who owns more than 50% of its outstanding stock, and two partnerships in which the same C corporations own more than 50% of the capital or profits interests. File an amended tax return for 2010 For more information on related persons, see Nondeductible Loss under Sales and Exchanges Between Related Persons in chapter 2 of Publication 544. File an amended tax return for 2010 Death of a taxpayer. File an amended tax return for 2010   If a taxpayer dies after having a gain but before buying replacement property, the gain must be reported for the year in which the decedent realized the gain. File an amended tax return for 2010 The executor of the estate or the person succeeding to the funds from the casualty or theft cannot postpone reporting the gain by buying replacement property. File an amended tax return for 2010 Replacement Property You must buy replacement property for the specific purpose of replacing your destroyed or stolen property. File an amended tax return for 2010 Property you acquire as a gift or inheritance does not qualify. File an amended tax return for 2010 You do not have to use the same funds you receive as
Print - Click this link to Print this page

Life Cycle of an Exempt Organization

Organizations that meet the requirements of Internal Revenue Code section 501(a) are exempt from federal income taxation. In addition, charitable contributions made to some section 501(a) organizations by individuals and corporations are deductible under Code section 170.

This website provides information about points of intersection between organizations and the IRS. The content includes explanatory information, and links to forms that an organization may need to file with the IRS. The materials cover five stages in an organization's life cycle:

  1. Starting Out: Creating an organization under state law, acquiring an employer identification number, and identifying the appropriate federal tax classification.
  2. Applying for Exemption:  Acquiring, completing, and submitting application forms; how the IRS processes applications; and getting help from the IRS during the application process.
  3. Required Filings:  Annual exempt organization returns, unrelated business income tax filings, and other returns and reports that an organization may have to file.
  4. Ongoing Compliance:  How an organization can avoid jeopardizing its tax-exempt status, disclosure requirements, employment taxes, and other ongoing compliance issues.
  5. Significant Events:  Audits, private letter rulings, and termination procedures.

Life Cycle pages are available for the following types of organizations:

 

Page Last Reviewed or Updated: 19-Nov-2013

The File An Amended Tax Return For 2010

File an amended tax return for 2010 Publication 179 - Introductory Material Table of Contents Acontecimientos futuros Qué hay de nuevo Recordatorios Calendario Introduction Acontecimientos futuros Si desea obtener la información más reciente sobre todo acontecimiento relacionado con la Publicación 179, tal como legislación promulgada después de que ésta fue publicada, acceda a www. File an amended tax return for 2010 irs. File an amended tax return for 2010 gov/pub179. File an amended tax return for 2010 Qué hay de nuevo Contribuciones al Seguro Social y al Medicare para el 2014. File an amended tax return for 2010  La tasa de contribución para el Seguro Social permanece en 6. File an amended tax return for 2010 2% tanto para el empleado como para el patrono. File an amended tax return for 2010 La base límite de salario para el Seguro Social es $117,000. File an amended tax return for 2010 La tasa de la contribución al Medicare es 1. File an amended tax return for 2010 45% tanto para la parte del empleado como la del patrono, la misma tasa que correspondió para el año 2013. File an amended tax return for 2010 No hay límite sobre la cantidad de salarios sujetos a la contribución al Medicare. File an amended tax return for 2010 Las contribuciones al Seguro Social y al Medicare se aplican a los salarios de empleados domésticos a quienes usted les paga $1,900 o más en efectivo o de una forma equivalente de remuneración. File an amended tax return for 2010 Las contribuciones al Seguro Social y al Medicare se aplican a los trabajadores electorales a quienes se les paga $1,600 o más en efectivo o una remuneración equivalente. File an amended tax return for 2010 Cambio de parte responsable. File an amended tax return for 2010  Comenzando el 1 de enero del 2014, toda entidad jurídica que tiene asignado un número patronal tiene que presentar el Formulario 8822-B Change of Address or Responsible Party—Business (Cambio de dirección o Parte Responsable— de negocios), en inglés, para informar si ha cambiado la parte responsable del negocio. File an amended tax return for 2010 El Formulario 8822-B tiene que presentarse dentro de los 60 días que cambió la parte responsable. File an amended tax return for 2010 Si el cambio de la parte responsable ocurrió antes del año 2014 y no se ha notificado el cambio anteriormente al IRS presente el Formulario 8822-B antes del 1 de marzo del 2014 e informe solamente el cambio más reciente. File an amended tax return for 2010 Para la definición de “parte reponsable” vea las Instrucciones del Formulario SS-4PR Solicitud de Número de Identificación Patronal (EIN). File an amended tax return for 2010 Matrimonio entre personas del mismo sexo. File an amended tax return for 2010 . File an amended tax return for 2010  Para propósitos de las contribuciones federales, las personas del mismo sexo se consideran casados legalmente ​​si se casaron en un estado (o país extranjero) cuyas leyes autorizan el matrimonio de personas del mismo sexo, aunque el estado (o país extranjero) en el que ahora viven no reconozca el matrimonio entre personas del mismo sexo. File an amended tax return for 2010 Para obtener más información, consulte el Revenue Ruling 2013-17 (Reglamento de Rentas Internas 2013–17) disponible en www. File an amended tax return for 2010 irs. File an amended tax return for 2010 gov/irb/2013-38_IRB/ar07. File an amended tax return for 2010 html. File an amended tax return for 2010 El Notice 2013-61 (Aviso 2013-61) establece los procedimientos administrativos especiales para los patronos hacer reclamaciones para el reembolso o los ajustes de los pagos en exceso al Seguro Social y al Medicare con respecto a ciertos beneficios entre cónyuges del mismo sexo antes de la expiración del periodo de prescripción. File an amended tax return for 2010 El Aviso 2013-61 que aparece en la página 432 del Internal Revenue Bulletin (Boletín de Rentas Internas 2013-44), en inglés, está disponible en www. File an amended tax return for 2010 irs. File an amended tax return for 2010 gov/irb/2013-44_IRB/ar10. File an amended tax return for 2010 html. File an amended tax return for 2010 Recordatorios Retención de la Contribución Adicional al Medicare. File an amended tax return for 2010  Además de la retención de la contribución Medicare de 1. File an amended tax return for 2010 45%, usted tiene que retener la Contribución Adicional al Medicare de 0. File an amended tax return for 2010 9% de los salarios en exceso de $200,000 que le paga a un empleado en un año natural. File an amended tax return for 2010 Se le requiere a usted que comience a retener la Contribución Adicional al Medicare en el período de paga en el cual usted le paga salarios en exceso de $200,000 a un empleado. File an amended tax return for 2010 Continúe reteniendo esta Contribución Adicional al Medicare en todo período de paga hasta que finalice el año natural. File an amended tax return for 2010 La Contribución Adicional al Medicare sólo se le impone al empleado. File an amended tax return for 2010 No hay una porción correspondiente al patrono de la Contribución Adicional al Medicare. File an amended tax return for 2010 Todos los salarios que están sujetos a la contribución Medicare, están sujetos a la retención de la Contribución Adicional al Medicare si éstos exceden el límite de $200,000. File an amended tax return for 2010 Si desea más información sobre cuáles salarios están sujetos a la Contribución Adicional al Medicare, vea la tabla Reglas especiales para varias clases de servicios y de pagos , en el apartado 15 de esta publicación. File an amended tax return for 2010 Para más información, sobre la Contribución Adicional al Medicare visite IRS. File an amended tax return for 2010 gov y escriba “ Additional Medicare Tax ” en inglés, en la casilla Search (Buscar). File an amended tax return for 2010 La información está disponible en inglés. File an amended tax return for 2010 El crédito contributivo por oportunidad de trabajo para organizaciones calificadas exentas de contribución que contratan a veteranos calificados ha sido extendido. File an amended tax return for 2010 . File an amended tax return for 2010  El crédito contributivo por oportunidad de trabajo está disponible para veteranos desempleados que reúnan los requisitos que comiencen a trabajar antes del 1 de enero de 2014. File an amended tax return for 2010 Anteriormente, el crédito estaba disponible para veteranos desempleados quienes comenzaron a trabajar a partir del 22 de noviembre de 2011, y antes del 1 de enero de 2013. File an amended tax return for 2010 Las organizaciones exentas de contribuciones calificadas que contratan veteranos desempleados que reúnan los requisitos pueden reclamar el crédito contributivo por oportunidad de trabajo contra su contribución sobre la nómina utilizando el Formulario 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans (Crédito por oportunidad de trabajo para organizaciones exentas de contribuciones calificadas que contratan a veteranos calificados), en inglés. File an amended tax return for 2010 Si desea más información, visite IRS. File an amended tax return for 2010 gov y escriba “work opportunity tax credit” (crédito contributivo por oportunidad de trabajo), en inglés, en la casilla Search (Buscar). File an amended tax return for 2010 La información está disponible en inglés. File an amended tax return for 2010 Externalización de las obligaciones de la nómina. File an amended tax return for 2010 . File an amended tax return for 2010  Los patronos son responsables de asegurar que las planillas de contribución se radiquen y que los depósitos y pagos se hagan, aun si el patrono contrata los servicios de un tercero para hacerlo. File an amended tax return for 2010 El patrono sigue siendo el responsable aun si el tercero no cumple con la acción requerida. File an amended tax return for 2010 Si opta por externalizar cualquier parte de su nómina y las obligaciones relacionadas con las contribuciones (es decir, retención, declarar y pagar las contribuciones al Seguro Social, al Medicare y FUTA) a un tercero pagador, tal como un proveedor de servicios de nómina o agente de reportación, visite el sitio web IRS. File an amended tax return for 2010 gov y escriba “outsourcing payroll duties” (externalización de las obligaciones de nómina) en la casilla “Search” (Buscar), para información útil sobre este tema. File an amended tax return for 2010 Dicha información está disponible en inglés. File an amended tax return for 2010 El crédito de asistencia para las primas COBRA. File an amended tax return for 2010  El crédito por asistencia en los pagos de las primas COBRA se aplica a las primas pagadas por un máximo de 15 meses para los empleados que fueron despedidos entre el 1 de septiembre de 2008 y el 31 de mayo de 2010. File an amended tax return for 2010 Vea COBRA premium assistance credit (Crédito de asistencia para las primas COBRA) en inglés, en la Publicación 15. File an amended tax return for 2010 Vea la sección Crédito de asistencia para las primas de COBRA para detalles sobre el crédito. File an amended tax return for 2010 El Formulario 944-PR está descontinuado. File an amended tax return for 2010  El Formulario 944-PR, Planilla para la Declaración Federal ANUAL del Patrono, ya no estará disponible después de 2011. File an amended tax return for 2010 A partir del año contributivo 2012, los patronos que anteriormente presentaban el Formulario 944-PR presentarán anualmente el Formulario 944(SP), Declaración Federal ANUAL de Impuestos del Patrono o Empleador. File an amended tax return for 2010 Por otra parte, los contribuyentes pueden solicitar que se les permita la radicación trimestral con el Formulario 941-PR, Planilla para la Declaración Federal TRIMESTRAL del Patrono, en vez del Formulario 944(SP) (o el Formulario 944, en inglés). File an amended tax return for 2010 Para más información, consulte las Instrucciones para el Formulario 944(SP). File an amended tax return for 2010 Para solicitar que se le permita radicar los formularios trimestrales 941-PR para informar sus contribuciones al Seguro Social y Medicare del año 2014, debe llamar al IRS al 1-800-829-4933 o al 267-941-1000 (llamada con cargos) a más tardar el 1 de abril de 2014. File an amended tax return for 2010 O, puede enviar una solicitud por escrito (el matasellos debe estar fechado en o antes del 15 de marzo de 2014). File an amended tax return for 2010 Después de comunicarse con el IRS, el IRS le enviará una notificación por escrito indicándole que su requisito de presentación ha cambiado. File an amended tax return for 2010 Si usted no recibe este aviso, debe presentar el Formulario 944(SP) para el año natural 2014. File an amended tax return for 2010 Para más información, consulte ¿Qué ocurre si quiere presentar Formularios 941, 941-SS o 941-PR en lugar del Formulario 944 (en inglés) o 944(SP)?, en las Instrucciones para el Formulario 944(SP) de 2013. File an amended tax return for 2010 Usted tiene que recibir un aviso escrito del IRS para poder radicar el Formulario 944(SP). File an amended tax return for 2010  Si usted ha estado radicando los Formularios 941-PR y cree que sus contribuciones sobre la nómina para el año natural serán $1,000 o menos y desea radicar el Formulario 944(SP) (o el Formulario 944, en inglés) en vez de los Formularios 941-PR, tiene que comunicarse con el IRS para solicitar el permiso para poder radicar el Formulario 944(SP). File an amended tax return for 2010 Antes de que pueda radicar este formulario, tiene que recibir un aviso escrito de parte del IRS que le otorgue el permiso para poder radicar el Formulario 944(SP) en vez de los Formularios 941-PR. File an amended tax return for 2010 Si desea más información sobre cómo solicitar el permiso para radicar el Formulario 944(SP) o el Formulario 944, en vez de los Formularios 941-PR, vea el tema titulado ¿Qué ocurre si quiere presentar Formularios 941, 941-SS o 941-PR en lugar del Formulario 944 (en inglés) o 944(SP)?, en las Instrucciones para el Formulario 944(SP). File an amended tax return for 2010 Cambio de dirección. File an amended tax return for 2010 . File an amended tax return for 2010  Utilice el Formulario 8822-B, Change of Address or Responsible Party-Business (Cambio de dirección— o Parte Responsable— de negocios), en inglés, para notificarle al IRS sobre un cambio a su dirección. File an amended tax return for 2010 No envíe el Formulario 8822-B junto con su planilla de contribuciones sobre la nómina. File an amended tax return for 2010 Los depósitos de las contribuciones federales tienen que llevarse a cabo mediante transferencia electrónica de fondos. File an amended tax return for 2010  Usted tiene que depositar toda contribución mediante transferencia electrónica de fondos. File an amended tax return for 2010 Generalmente, la transferencia electrónica de fondos se lleva a cabo usando el Electronic Federal Tax Payment System (Sistema electrónico de pagos de la contribución federal o EFTPS, por sus siglas en inglés). File an amended tax return for 2010 Si no desea utilizar el EFTPS, puede hacer los arreglos para que su preparador, institución financiera, servicio de nómina u otro tercero de su confianza efectúe depósitos electrónicos en nombre suyo. File an amended tax return for 2010 El EFTPS es un servicio gratuito provisto por el Departamento del Tesoro. File an amended tax return for 2010 Los servicios provistos por su preparador profesional, institución financiera, servicio de nómina u otro tercero podría conllevar en un cargo. File an amended tax return for 2010 Si desea más información sobre cómo efectuar depósitos de la contribución federal, vea Cómo hacer los depósitos , en el apartado 11. File an amended tax return for 2010 Si desea más información sobre EFTPS o si desea inscribirse, visite el sitio web de EFTPS en www. File an amended tax return for 2010 eftps. File an amended tax return for 2010 gov o llame al 1-800-244-4829 (1-800-733-4829, si es usuario de equipo TDD). File an amended tax return for 2010 Puede encontrar información adicional sobre EFTPS en la Publicación 966 (SP), Sistema de Pago Electrónico del Impuesto Federal: La Manera Segura de pagar los Impuestos Federales. File an amended tax return for 2010 Radicación y pago por medios electrónicos. File an amended tax return for 2010  El uso de las opciones electrónicas puede hacer más fácil la radicación de una planilla y el pago de la contribución federal. File an amended tax return for 2010 Utilice el EFTPS para efectuar depósitos o pagar la contribución en su totalidad, independientemente de si utiliza a un preparador o si prepara sus propias planillas. File an amended tax return for 2010 Puede usar el sistema electrónico e-file del IRS para radicar ciertas planillas. File an amended tax return for 2010 Si hay una suma por pagar en la planilla, puede radicarla con el sistema e-file y pagar electrónicamente (e-pay) en un solo paso al autorizar un retiro electrónico de fondos de su cuenta bancaria mientras está radicando electrónicamente. File an amended tax return for 2010 No utilice el retiro electrónico de fondos para pagar contribuciones que se requiere que se depositen. File an amended tax return for 2010 Visite el sitio web del IRS www. File an amended tax return for 2010 irs. File an amended tax return for 2010 gov/efile , en inglés, para más información sobre cómo radicar una planilla electrónicamente. File an amended tax return for 2010 Si desea más información sobre cómo pagar sus contribuciones utilizando el retiro electrónico de fondos, visite la página del IRS en www. File an amended tax return for 2010 irs. File an amended tax return for 2010 gov/e-pay. File an amended tax return for 2010 Se le podría cobrar un cargo por radicar electrónicamente. File an amended tax return for 2010 Para EFTPS, visite www. File an amended tax return for 2010 eftps. File an amended tax return for 2010 gov o llame a la línea de servicio al cliente de EFTPS al 1-800-244-4829 o 1-800-733-4829, si es usuario de equipo TDD. File an amended tax return for 2010 Para la radicación electrónica de los Formularios 499R-2/W-2PR y 499R-2/W-2cPR ante la Administración del Seguro Social, visite la página web www. File an amended tax return for 2010 hacienda. File an amended tax return for 2010 gobierno. File an amended tax return for 2010 pr. File an amended tax return for 2010 Si usted está radicando su planilla de contribuciones o si está pagando sus contribuciones federales electrónicamente, se necesita que provea un EIN válido. File an amended tax return for 2010 Si no provee un EIN válido, la planilla o pago no se tramitará. File an amended tax return for 2010 Esto podría resultarle en multas y demoras en la tramitación de su planilla o pago. File an amended tax return for 2010 Pagos con tarjeta de crédito o débito. File an amended tax return for 2010  Para mayor información sobre cómo se pagan las contribuciones con tarjetas de crédito o débito, visite el sitio web del IRS, www. File an amended tax return for 2010 irs. File an amended tax return for 2010 gov/e-pay. File an amended tax return for 2010 No obstante, no use una tarjeta de crédito o débito para pagar contribuciones que deben ser depositadas. File an amended tax return for 2010 Contratación de empleados nuevos. File an amended tax return for 2010  Mantenga un registro con el nombre y número de cada uno de sus empleados nuevos según aparece en su tarjeta de Seguro Social. File an amended tax return for 2010 Todo empleado que no tenga una tarjeta de Seguro Social deberá solicitarla usando el Formulario SS-5-SP, Solicitud para una Tarjeta de Seguro Social, en español. File an amended tax return for 2010 Vea el apartado 4 . File an amended tax return for 2010 Cómo informar las discrepancias entre los Formularios 941-PR (o 944(SP)) y los Formularios 499R-2/W-2PR. File an amended tax return for 2010 . File an amended tax return for 2010  Utilice el Anexo D (Formulario 941), Report of Discrepancies Caused by Acquisitions, Statutory Mergers, or Consolidations (Informe de discrepancias causadas por adquisiciones, fusiones o consolidaciones), en inglés. File an amended tax return for 2010 En este anexo se explicarán las discrepancias en los salarios, contribuciones y pagos que han surgido entre los Formularios 941-PR (o el Formulario 944(SP)) debido a adquisiciones, fusiones o consolidaciones. File an amended tax return for 2010 Si desea más información, vea las Instrucciones para el Anexo D (Formulario 941), disponibles en inglés. File an amended tax return for 2010 Solicitud de un número de identificación patronal en línea (EIN). File an amended tax return for 2010  Usted puede solicitar un número de identificación patronal (EIN, por sus siglas en inglés) en línea al visitar el sitio web IRS. File an amended tax return for 2010 gov, en inglés, y pulsar sobre el enlace “Apply for an EIN Online” (Solicitud de un número de identificación patronal en línea (EIN)), que se encuentra bajo Tools (Herramientas). File an amended tax return for 2010 La información está provista en inglés. File an amended tax return for 2010 Pagos rechazados. File an amended tax return for 2010  Cualquier forma de pago que ha sido rechazado y es devuelto por la institución financiera está sujeto a una penalidad. File an amended tax return for 2010 Esta penalidad es $25 o el 2% de la cantidad del pago, lo mayor entre ambos. File an amended tax return for 2010 Sin embargo, la penalidad en pagos rechazados de $24. File an amended tax return for 2010 99 o menos es igual a la cantidad del pago. File an amended tax return for 2010 Por ejemplo, un pago por $18 que fue rechazado, la penalidad es $18 (la cantidad rechazada). File an amended tax return for 2010 Remuneración pagada a trabajadores agrícolas con visa H-2A. File an amended tax return for 2010  La remuneración que le paga a trabajadores agrícolas por trabajo realizado con una visa H-2A no está sujeta a las contribuciones al Seguro Social, al Medicare o la Contribución Adicional al Medicare. File an amended tax return for 2010 Por lo tanto, no debe informarla como remuneración sujeta a dichas contribuciones. File an amended tax return for 2010 Verifique con las agencias del gobierno de Puerto Rico para verificar si tiene algún requisito estatal. File an amended tax return for 2010 Servicios de entrega privados. File an amended tax return for 2010  Puede usar ciertos servicios de entrega privados designados por el IRS para enviar sus planillas o pagos de la contribución. File an amended tax return for 2010 La lista incluye sólo los servicios siguientes: DHL Express (DHL): DHL Same Day Service. File an amended tax return for 2010 Federal Express (FedEx): FedEx Priority Overnight, FedEx Standard Overnight, FedEx 2Day, FedEx International Priority y FedEx International First. File an amended tax return for 2010 United Parcel Service (UPS): UPS Next Day Air, UPS Next Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A. File an amended tax return for 2010 M. File an amended tax return for 2010 , UPS Worldwide Express Plus y UPS Worldwide Express. File an amended tax return for 2010 Si desea obtener la dirección a dónde enviar la planilla o pago si utilizara un servicio de entrega privado, acceda a IRS. File an amended tax return for 2010 gov y escriba “private delivery service” en la casilla Search (Buscar). File an amended tax return for 2010 La información está disponible en inglés. File an amended tax return for 2010 El proveedor de servicio de entrega privado que escoja puede informarle de cómo se obtiene verificación por escrito de la fecha de envío. File an amended tax return for 2010 Los servicios de entrega privados no pueden entregar artículos de correo a los apartados postales. File an amended tax return for 2010 Usted tiene que utilizar el Servicio Postal de los EE. File an amended tax return for 2010 UU. File an amended tax return for 2010 para enviar todo artículo de correo a una dirección que incluya un apartado postal del IRS. File an amended tax return for 2010 Mantenimiento de récords. File an amended tax return for 2010  Conserve todos los récords de sus contribuciones sobre la nómina durante 4 años. File an amended tax return for 2010 Los mismos deben estar disponibles para ser inspeccionados por funcionarios del IRS. File an amended tax return for 2010 No se ha establecido ninguna manera especial de llevar estos récords. File an amended tax return for 2010 Sin embargo, los mismos deberán incluir su EIN, las cantidades y fechas de todos los pagos de salarios (incluyendo beneficios marginales) y las propinas declaradas, así como los nombres, direcciones y ocupaciones de todos los empleados que reciban tales pagos, las fechas de empleo, además de los números de Seguro Social y los duplicados de las planillas de contribución radicadas anteriormente, incluyendo las fechas y cantidades de depósitos hechos según se explica en el apartado 11 . File an amended tax return for 2010 Todo patrono agrícola tiene que llevar un registro en el cual consten el nombre, dirección permanente y el EIN de cada líder de cuadrilla. File an amended tax return for 2010 Vea Líder de cuadrilla, en el apartado 1 . File an amended tax return for 2010 Comentarios y sugerencias. File an amended tax return for 2010  Le agradecemos sus comentarios sobre esta publicación y sugerencias para ediciones futuras de la misma. File an amended tax return for 2010 Puede escribirnos a la siguiente dirección: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. File an amended tax return for 2010 NW, IR-6526 Washington, DC 20224 Nosotros contestamos muchas cartas a través de llamadas telefónicas. File an amended tax return for 2010 Por lo tanto, sería de ayuda si en su correspondencia incluye su número telefónico, junto con el código de área telefónico, en donde nos podamos comunicar con usted durante el día. File an amended tax return for 2010 También, puede enviarnos comentarios a través de la página www. File an amended tax return for 2010 irs. File an amended tax return for 2010 gov/formspubs. File an amended tax return for 2010 Pulse sobre el enlace titulado More Information (Más información) y luego pulse sobre el enlace titulado “Give us Feedback” (Proveer comentarios), en inglés. File an amended tax return for 2010 Aunque no podemos contestar a cada comentario que recibimos, sí agradecemos sus sugerencias y las consideraremos al revisar nuestros productos contributivos. File an amended tax return for 2010 Fotografías de niños desaparecidos. File an amended tax return for 2010  El Servicio de Rentas Internas siente orgullo en colaborar con el National Center for Missing and Exploited Children (Centro Nacional de Niños Desaparecidos y Explotados). File an amended tax return for 2010 Las fotografías de niños desaparecidos que han sido seleccionadas por el Centro pueden aparecer en esta publicación en páginas que de otra manera estarían en blanco. File an amended tax return for 2010 Usted puede ayudar a que estos niños regresen a sus hogares si al mirar sus fotografías los puede identificar y entonces llama libre de cargos al 1-800-THE-LOST (1-800-843-5678). File an amended tax return for 2010 Calendario   Si alguna fecha indicada a continuación es un sábado, domingo o día festivo oficial, la fecha de vencimiento para radicar la planilla, presentar un formulario o depositar su contribución es el próximo día laborable. File an amended tax return for 2010 Un día festivo oficial en Puerto Rico o en un estado posterga una fecha de vencimiento únicamente si la oficina del IRS donde usted tiene que radicar su planilla de contribución está localizada en tal estado o territorio. File an amended tax return for 2010 Para propósitos de la fecha de vencimiento, se cumplen los requisitos para radicar la planilla si la misma se encuentra en un sobre que esté dirigido apropiadamente, que tenga suficiente franqueo y que el matasellos esté fechado a más tardar en la fecha de vencimiento. File an amended tax return for 2010 Si se envía mediante un servicio de entrega privado aprobado por el IRS, la misma se tiene que enviar a más tardar en la fecha de vencimiento. File an amended tax return for 2010 Vea el tema Servicios de entrega privados en Recordatorios. File an amended tax return for 2010 A continuación encontrará una lista de las fechas y responsabilidades más importantes para usted. File an amended tax return for 2010 Además, vea la Publicación 509, Tax Calendars (Calendarios contributivos), en inglés, para más información. File an amended tax return for 2010 Para el 31 de enero:  Entregue a los empleados sus comprobantes de retención. File an amended tax return for 2010 Entréguele a cada empleado un Formulario 499R-2/W-2PR, Comprobante de Retención, debidamente completado. File an amended tax return for 2010 Vea el apartado 13 . File an amended tax return for 2010 Radique el Formulario 943-PR, Planilla para la Declaración ANUAL de la Contribución Federal del Patrono de Empleados Agrícolas, ante el IRS. File an amended tax return for 2010 Si depositó a tiempo la contribución correspondiente al Formulario 943-PR en su totalidad, tendrá hasta 10 días naturales adicionales a partir de la fecha de vencimiento indicada anteriormente para radicar su Formulario 943-PR. File an amended tax return for 2010 Radique el Formulario 940-PR, Planilla para la Declaración Federal ANUAL del Patrono de la Contribución Federal para el Desempleo (FUTA), ante el IRS. File an amended tax return for 2010 Pague o deposite todo saldo adeudado (si es más de $500). File an amended tax return for 2010 Si depositó el total de las contribuciones adeudadas a su debido tiempo, tendrá hasta 10 días naturales adicionales a partir de la fecha de vencimiento indicada anteriormente para radicar el Formulario 940-PR. File an amended tax return for 2010 Si antes radicaba el Formulario 944-PR, radique ahora el Formulario 944(SP), Declaración Federal ANUAL de Impuestos del Patrono o Empleador (o el Formulario 944, en inglés), ante el IRS si el mismo le notificó que debe radicar el Formulario 944(SP) en lugar de los Formularios 941-PR trimestrales. File an amended tax return for 2010 Si depositó la cantidad total de contribuciones conforme a la fecha de vencimiento de éstas, tendrá 10 días naturales adicionales a partir de la fecha de vencimiento indicada anteriormente para radicar el Formulario 944(SP). File an amended tax return for 2010 Para el 28 de febrero. File an amended tax return for 2010   Radique los comprobantes de retención ante la Administración del Seguro Social (SSA, por sus siglas en inglés). File an amended tax return for 2010 Radique el Original del Formulario 499R-2/W-2PR, junto con el Formulario W-3PR, Informe de Comprobantes de Retención, ante la SSA. File an amended tax return for 2010 Para las planillas radicadas por vías electrónicas, vea el siguiente tema. File an amended tax return for 2010 Para el 31 de marzo. File an amended tax return for 2010  Radique el Formulario 499R-2/W-2PR por vías electrónicas (y no por medios magnéticos o en papel) ante la SSA. File an amended tax return for 2010 Sin embargo, puede transmitir un archivo electrónico por medio de Internet. File an amended tax return for 2010 Vea Employer W-2 Filing Instructions & Information (Instrucciones e información para patronos sobre la radicación de Formularios W-2), en inglés, en el sitio web www. File an amended tax return for 2010 socialsecurity. File an amended tax return for 2010 gov/employer de la SSA para más información. File an amended tax return for 2010 Para el 30 de abril, 31 de julio, 31 de octubre y 31 de enero. File an amended tax return for 2010  Radique el Formulario 941-PR trimestralmente ante el IRS. File an amended tax return for 2010 Si depositó el total de las contribuciones adeudadas a su debido tiempo, tendrá hasta 10 días naturales adicionales a partir de las fechas de vencimiento indicadas anteriormente para radicar el Formulario 941-PR. File an amended tax return for 2010 No radique los Formularios 941-PR para dichos trimestres si el IRS le ha informado que debe radicar el Formulario 944(SP). File an amended tax return for 2010 Deposite la contribución FUTA para el trimestre (incluyendo toda cantidad trasladada de un trimestre anterior) si la cantidad adeudada es más de $500. File an amended tax return for 2010 Si es de $500 o menos, traspásela al trimestre siguiente. File an amended tax return for 2010 Vea el apartado 10 , para más información. File an amended tax return for 2010 Introduction Esta publicación deberá ser usada por patronos cuyo negocio principal está ubicado en Puerto Rico o que tienen empleados cuyos ingresos están sujetos a retención de la contribución estatal sobre los ingresos de Puerto Rico. File an amended tax return for 2010 Generalmente, tanto los patronos como los empleados en Puerto Rico están sujetos a las contribuciones al Seguro Social y al seguro Medicare, conforme a la Federal Insurance Contributions Act (Ley de Contribuciones Federales al Seguro Social o FICA, por sus siglas en inglés). File an amended tax return for 2010 Esta publicación resume las responsabilidades que tiene el patrono en cuanto al cobro, pago y declaración de dichas contribuciones. File an amended tax return for 2010 Dondequiera que en esta publicación se use el término “Estados Unidos”, el mismo incluye a Puerto Rico, las Islas Vírgenes y los territorios autónomos y territorios no autónomos de los Estados Unidos. File an amended tax return for 2010 Las secciones a las cuales se hace referencia en esta publicación corresponden al Código Federal de Rentas Internas, a menos que se indique lo contrario. File an amended tax return for 2010 Esta publicación también proporciona a dichos patronos un resumen de sus responsabilidades en relación con las contribuciones bajo la Federal Unemployment Tax Act (Ley Federal de Contribución para el Desempleo o FUTA, por sus siglas en inglés). File an amended tax return for 2010 Vea los apartados 9 y 10 . File an amended tax return for 2010 Excepto por lo indicado en las tablas que se hallan en el apartado 15 , esas contribuciones corresponden a todo patrono que pague salarios tributables a empleados o que tenga empleados que declaran propinas. File an amended tax return for 2010 En esta publicación no se incluye información relacionada con las contribuciones del trabajo por cuenta propia (Seguro Social y Medicare para personas que trabajan por cuenta propia). File an amended tax return for 2010 Si necesita información sobre estas contribuciones, comuníquese con la oficina del IRS en Guaynabo o vea la Publicación 570, Tax Guide for Individuals With Income From U. File an amended tax return for 2010 S. File an amended tax return for 2010 Possessions (Guía tributaria para individuos con ingresos de fuentes en los territorios estadounidenses), en inglés. File an amended tax return for 2010 Contribuciones sobre los ingresos de Puerto Rico. File an amended tax return for 2010   Esta publicación no incluye información relacionada con la retención de contribuciones federales sobre los ingresos. File an amended tax return for 2010 Ésta sólo trata las contribuciones sobre la nómina para patronos que están en Puerto Rico. File an amended tax return for 2010   Si desea obtener información acerca de la contribución sobre ingresos de Puerto Rico, consulte con el Departamento de Hacienda de Puerto Rico. File an amended tax return for 2010 Las personas que trabajan amparadas bajo el programa del Seguro Social elijen un plan de protección para sus familias y para sí mismas. File an amended tax return for 2010 Entidades no consideradas como separadas de sus dueños y compañías subsidarias calificadas conforme al subcapítulo S (QSubs). File an amended tax return for 2010   Las entidades no consideradas como separadas de sus dueños (disregarded entities) que tienen un solo dueño y que cumplen los requisitos y las compañías subsidiarias calificadas conforme al subcapítulo S (QSubs, por sus siglas en inglés), son tratadas como si fueran entidades separadas de su dueño para propósitos de las contribuciones sobre la nómina. File an amended tax return for 2010 Las entidades no consideradas como separadas de sus dueños que tienen un solo dueño y que cumplen los requisitos y no han optado por ser tratadas como corporación, tiene que declarar y pagar la contribución sobre la nómina correspondiente a los salarios de los empleados utilizando el nombre y EIN de dicha entidad. File an amended tax return for 2010 Vea la sección 1. File an amended tax return for 2010 1361-4(a)(7) y la sección 301. File an amended tax return for 2010 7701-2(c)(2)(iv) de los Reglamentos, en inglés. File an amended tax return for 2010 Crédito de asistencia para las primas de COBRA. File an amended tax return for 2010   La Consolidated Omnibus Budget Reconciliation Act of 1985 (Ley de Conciliación de Asignaciones del Presupuesto de 1985 o COBRA, por sus siglas en inglés) les provee a ciertos ex empleados, jubilados, cónyuges, ex cónyuges e hijos dependientes el derecho a recibir temporalmente cobertura de salud a tarifas especiales para grupos. File an amended tax return for 2010 La ley COBRA, por lo general, cubre los planes de salud que incluyen a múltiples patronos y planes de salud que son mantenidos por patronos de la empresa privada (que no son iglesias) que tengan 20 o más empleados a tiempo completo o parcial. File an amended tax return for 2010 A dichos planes les corresponden ciertos requisitos conforme a la Employee Retirement Income Security Act of 1974 (Ley para la Protección de los Ingresos de Jubilación para los Empleados de 1974 o ERISA, por sus siglas en inglés). File an amended tax return for 2010 Conforme a la Public Health Service Act (Ley sobre el Servicio de Salud Pública), los requisitos del programa COBRA también le corresponden a los planes de salud que cubren a los empleados gubernamentales estatales y municipales. File an amended tax return for 2010 Requisitos similares corresponden conforme al Federal Employees Health Benefits Program (Programa de Seguro Médico para los Empleados Federales (FEHBP, por sus siglas en inglés)) y ciertas leyes estatales. File an amended tax return for 2010 Para tratar a la asistencia (o subsidio) para las primas de COBRA que se explican a continuación, a todos estos requisitos se les refiere como “requisitos de COBRA ”. File an amended tax return for 2010   La ley American Recovery and Reinvestment Act of 2009 (Ley de Recuperación y Reinversión Económica Estadounidense de 2009 o ARRA, por sus siglas en inglés) permite un crédito contra las contribuciones sobre la paga (dichas contribuciones se denominan “contribuciones sobre la nómina” en esta publicación), para proveer asistencia para las primas de COBRA a individuos que cumplen con los requisitos para recibir dicha asistencia. File an amended tax return for 2010 Para los períodos de continuidad de cobertura COBRA que comienzan después del 16 de febrero de 2009, un plan de salud colectivo tiene que tratar a un individuo que reúne los requisitos para la asistencia como si hubiese pagado la prima de COBRA para la continuidad de cobertura requerida si el individuo optó por la cobertura COBRA y paga el 35% de la cantidad de la prima. File an amended tax return for 2010   Un individuo que reúne los requisitos para la asistencia es un beneficiario calificado que cumple con los requisitos para la continuidad de la cobertura COBRA durante el período que comienza el 1 de septiembre de 2008, y que termina el 31 de mayo de 2010, debido al cese involuntario de empleo de un empleado amparado por la cobertura durante el período y que opta por la continuidad de la cobertura de COBRA. File an amended tax return for 2010 La asistencia para mantener la cobertura puede durar hasta 15 meses. File an amended tax return for 2010   Los empleados que fueron despedidos durante el período que comienza el 1 septiembre de 2008 y que termina el 31 de mayo de 2010, y recibieron ofertas de indemnización que retrasaron el inicio de la continuación de cobertura COBRA, pueden ser elegibles para recibir asistencia con las primas para la continuación de cobertura COBRA. File an amended tax return for 2010 Para más información, vea Notice 2009-27 (Avisio 2009-27) que aparece en la página 838 del Internal Revenue Bulletin (Boletín de Rentas Internas 2009-16), en inglés, disponible en www. File an amended tax return for 2010 irs. File an amended tax return for 2010 gov/irb/2009-16_irb/ar09. File an amended tax return for 2010 html. File an amended tax return for 2010   Los administradores de planes de salud colectivos (u otras entidades) que proveen o administran la continuación de la cobertura COBRA, tienen que notificarle a los individuos que cumplen con los requisitos para la asistencia de las primas de COBRA de que tienen derecho a dicha cobertura. File an amended tax return for 2010   El 65% de la prima que no es pagada por las personas que reúnen los requisitos para la asistencia se le reembolsa a los patronos que mantienen el plan de salud colectivo. File an amended tax return for 2010 El reembolso se hace por medio de un crédito que se le aplica a las obligaciones de las contribuciones sobre la nómina del patrono. File an amended tax return for 2010 Para obtener información sobre cómo reclamar el crédito, vea las Instrucciones para el Formulario 941-PR o las Instrucciones para el Formulario 944(SP). File an amended tax return for 2010 El crédito se le trata como un depósito hecho en el primer día del período de la planilla (trimestre o año). File an amended tax return for 2010 En el caso de un plan que cubre a múltiples patronos, el crédito es reclamado por el plan, en vez del patrono. File an amended tax return for 2010 En el caso de un plan asegurado que está sujeto a los requisitos estatales para la continuidad de cobertura, el crédito es reclamado por la compañía de seguros, en vez del patrono. File an amended tax return for 2010   Todo individuo o entidad que reclama el crédito por los pagos para la asistencia COBRA tiene que conservar la siguiente información para comprobar su reclamación: Información sobre el recibo, incluyendo fechas y cantidades, de la parte del 35% de la prima que le corresponde a la persona que reúne los requisitos para la asistencia. File an amended tax return for 2010 En el caso de un plan de seguro, una copia de la factura u otro documento comprobante emitido por la compañía aseguradora y prueba del pago a tiempo de la prima completa hecho a la compañía aseguradora que se requiere conforme los requisitos para la cobertura COBRA. File an amended tax return for 2010 En el caso de un plan autoasegurado, documentos que comprueban la cantidad de la prima y la cobertura provista a las personas que reúnen los requisitos para la asistencia. File an amended tax return for 2010 Atestiguación del cese involuntario, incluyendo la fecha de cesación (despido) involuntario para cada empleado amparado por la cobertura cuyo despido involuntario es la base para el derecho al subsidio. File an amended tax return for 2010 Prueba de que cada persona reúne los requisitos para la asistencia de la cobertura COBRA y de que ha optado por dicha cobertura. File an amended tax return for 2010 Un registro que tenga los números de Seguro Social de todos los empleados con cobertura, la cantidad del subsidio reembolsado con respecto a cada empleado con cobertura y que indique si el subsidio se debe a una persona o a dos o más personas. File an amended tax return for 2010   Para más información, visite IRS. File an amended tax return for 2010 gov y escriba “COBRA” en la casilla Search (Buscar). File an amended tax return for 2010 La información está disponible en inglés. File an amended tax return for 2010 Ayuda para radicar documentos ante la SSA. File an amended tax return for 2010   Si necesita ayuda en español para radicar sus formularios contributivos ante la SSA (esto incluye la solicitud de un número de identificación personal (PIN, por sus siglas en inglés)), llame a la SSA al 1-800-772-6270. File an amended tax return for 2010 Elegibilidad para empleo. File an amended tax return for 2010   Usted tiene que verificar que cada empleado nuevo tenga derecho a trabajar legalmente en los Estados Unidos. File an amended tax return for 2010 Esto incluye completar el Formulario I-9, Employment Eligibility Verification (Verificación de elegibilidad para empleo), disponible en español, del Servicio de Ciudadanía e Inmigración de Estados Unidos (USCIS, por sus siglas en inglés). File an amended tax return for 2010 Puede obtener el formulario llamando al USCIS al 1-800-870-3676. File an amended tax return for 2010 Si desea más información, comuníquese con el USCIS al 1-800-375-5283 o visite la página web de USCIS en www. File an amended tax return for 2010 uscis. File an amended tax return for 2010 gov/espanol. File an amended tax return for 2010 Prev  Up  Next   Home   More Online Publications