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Fill out 1040ez Publication 54 - Introductory Material Table of Contents Future Developments What's New Reminders IntroductionOrdering forms and publications. Fill out 1040ez Tax questions. Fill out 1040ez Future Developments For the latest information about developments related to Publication 54, such as legislation enacted after it was published, go to www. Fill out 1040ez irs. Fill out 1040ez gov/pub54. Fill out 1040ez What's New Exclusion amount. Fill out 1040ez  The maximum foreign earned income exclusion is adjusted annually for inflation. Fill out 1040ez For 2013, the maximum exclusion has increased to $97,600. Fill out 1040ez See Limit on Excludable Amount under Foreign Earned Income Exclusion in chapter 4. Fill out 1040ez Housing expenses — base amount. Fill out 1040ez  The computation of the base housing amount (line 32 of Form 2555) is tied to the maximum foreign earned income exclusion. Fill out 1040ez The amount is 16 percent of the exclusion amount (computed on a daily basis), multiplied by the number of days in your qualifying period that fall within your 2013 tax year. Fill out 1040ez For 2013, this amount is $42. Fill out 1040ez 78 per day ($15,616 per year). Fill out 1040ez See Housing Amount under Foreign Housing Exclusion and Deduction in chapter 4. Fill out 1040ez Housing expenses — maximum amount. Fill out 1040ez  The amount of qualified housing expenses eligible for the housing exclusion and housing deduction has changed for some locations. Fill out 1040ez See Limit on housing expenses under Foreign Housing Exclusion and Deduction in chapter 4. Fill out 1040ez Filing requirements. Fill out 1040ez  Generally, the amount of income you can receive before you must file an income tax return has increased. Fill out 1040ez These amounts are shown in chapter 1 under Filing Requirements . Fill out 1040ez Self-employment tax rate. Fill out 1040ez  For 2013, the self-employment tax rate of 13. Fill out 1040ez 3% has increased to 15. Fill out 1040ez 3%. Fill out 1040ez The maximum amount of net earnings from self-employment that is subject to the social security part of the self-employment tax has increased to $113,700. Fill out 1040ez All net earnings are subject to the Medicare part of the tax. Fill out 1040ez For more information, see chapter 3. Fill out 1040ez IRA limitations for 2013. Fill out 1040ez . Fill out 1040ez  The 2013 contribution limit to an IRA has increased to $5,500 ($6,500 if age 50 or older). Fill out 1040ez You may be able to take an IRA deduction if you were covered by a retirement plan and your 2013 modified adjusted gross income (AGI) is less than $69,000 ($115,000 if married filing jointly or a qualifying widow(er)). Fill out 1040ez If your spouse was covered by a retirement plan, but you were not, you may be able to take an IRA deduction if your 2013 modified AGI is less than $188,000. Fill out 1040ez See the Instructions for Form 1040 or the Instructions for Form 1040A for details and exceptions. Fill out 1040ez Reminders Figuring tax on income not excluded. Fill out 1040ez  If you claim the foreign earned income exclusion, the housing exclusion, or both, you must figure the tax on your nonexcluded income using the tax rates that would have applied had you not claimed the exclusions. Fill out 1040ez See the Instructions for Form 1040 and complete the Foreign Earned Income Tax Worksheet to figure the amount of tax to enter on Form 1040, line 44. Fill out 1040ez If you must attach Form 6251 to your return, use the Foreign Earned Income Tax Worksheet provided in the Instructions for Form 6251. Fill out 1040ez Form 8938. Fill out 1040ez  If you had foreign financial assets in 2013, you may have to file Form 8938 with your return. Fill out 1040ez See Form 8938 in chapter 1. Fill out 1040ez Change of address. Fill out 1040ez  If you change your home mailing address, notify the Internal Revenue Service using Form 8822, Change of Address. Fill out 1040ez If you are changing your business address, use Form 8822-B, Change of Address or Responsible Party—Business. Fill out 1040ez Photographs of missing children. Fill out 1040ez  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Fill out 1040ez Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Fill out 1040ez You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Fill out 1040ez Introduction This publication discusses special tax rules for U. Fill out 1040ez S. Fill out 1040ez citizens and resident aliens who work abroad or who have income earned in foreign countries. Fill out 1040ez If you are a U. Fill out 1040ez S. Fill out 1040ez citizen or resident alien, your worldwide income generally is subject to U. Fill out 1040ez S. Fill out 1040ez income tax, regardless of where you are living. Fill out 1040ez Also, you are subject to the same income tax filing requirements that apply to U. Fill out 1040ez S. Fill out 1040ez citizens or resident aliens living in the United States. Fill out 1040ez Expatriation tax provisions apply to U. Fill out 1040ez S. Fill out 1040ez citizens who have renounced their citizenship and long-term residents who have ended their residency. Fill out 1040ez These provisions are discussed in chapter 4 of Publication 519, U. Fill out 1040ez S. Fill out 1040ez Tax Guide for Aliens. Fill out 1040ez Resident alien. Fill out 1040ez   A resident alien is an individual who is not a citizen or national of the United States and who meets either the green card test or the substantial presence test for the calendar year. Fill out 1040ez Green card test. Fill out 1040ez You are a U. Fill out 1040ez S. Fill out 1040ez resident if you were a lawful permanent resident of the United States at any time during the calendar year. Fill out 1040ez This is known as the green card test because resident aliens hold immigrant visas (also known as green cards). Fill out 1040ez Substantial presence test. Fill out 1040ez You are considered a U. Fill out 1040ez S. Fill out 1040ez resident if you meet the substantial presence test for the calendar year. Fill out 1040ez To meet this test, you must be physically present in the United States on at least: 31 days during the current calendar year, and A total of 183 days during the current year and the 2 preceding years, counting all the days of physical presence in the current year, but only 1/3 the number of days of presence in the first preceding year, and only 1/6 the number of days in the second preceding year. Fill out 1040ez Example. Fill out 1040ez You were physically present in the United States on 120 days in each of the years 2011, 2012, and 2013. Fill out 1040ez To determine if you meet the substantial presence test for 2013, count the full 120 days of presence in 2013, 40 days in 2012 (1/3 of 120), and 20 days in 2011 (1/6 of 120). Fill out 1040ez Because the total for the 3-year period is 180 days, you are not considered a resident under the substantial presence test for 2013. Fill out 1040ez   For more information on resident and nonresident status, the tests for residence, and the exceptions to them, see Publication 519. Fill out 1040ez Filing information. Fill out 1040ez    Chapter 1 contains general filing information, such as: Whether you must file a U. Fill out 1040ez S. Fill out 1040ez tax return, When and where to file your return, How to report your income if it is paid in foreign currency, How to treat a nonresident alien spouse as a U. Fill out 1040ez S. Fill out 1040ez resident, and Whether you must pay estimated tax. Fill out 1040ez Withholding tax. Fill out 1040ez    Chapter 2 discusses the withholding of income, social security, and Medicare taxes from the pay of U. Fill out 1040ez S. Fill out 1040ez citizens and resident aliens. Fill out 1040ez Self-employment tax. Fill out 1040ez    Chapter 3 discusses who must pay self-employment tax. Fill out 1040ez Foreign earned income exclusion and housing exclusion and deduction. Fill out 1040ez    Chapter 4 discusses income tax benefits that apply if you meet certain requirements while living abroad. Fill out 1040ez You may qualify to treat up to $97,600 of your income as not taxable by the United States. Fill out 1040ez You also may be able to either deduct part of your housing expenses from your income or treat a limited amount of income used for housing expenses as not taxable by the United States. Fill out 1040ez These benefits are called the foreign earned income exclusion and the foreign housing deduction and exclusion. Fill out 1040ez   To qualify for either of the exclusions or the deduction, you must have a tax home in a foreign country and earn income from personal services performed in a foreign country. Fill out 1040ez These rules are explained in chapter 4. Fill out 1040ez   If you are going to exclude or deduct your income as discussed above, you must file Form 2555, Foreign Earned Income, or Form 2555-EZ, Foreign Earned Income Exclusion. Fill out 1040ez Exemptions, deductions, and credits. Fill out 1040ez    Chapter 5 discusses exemptions, deductions, and credits you may be able to claim on your return. Fill out 1040ez These are generally the same as if you were living in the United States. Fill out 1040ez However, if you choose to exclude foreign earned income or housing amounts, you cannot deduct or exclude any item or take a credit for any item that is related to the amounts you exclude. Fill out 1040ez Among the topics discussed in chapter 5 are: Exemptions, Contributions to foreign organizations, Foreign moving expenses, Contributions to individual retirement arrangements (IRAs), and Foreign taxes. Fill out 1040ez Tax treaty benefits. Fill out 1040ez    Chapter 6 discusses some benefits that are common to most tax treaties and explains how to get help if you think you are not receiving a treaty benefit to which you are entitled. Fill out 1040ez It also explains how to get copies of tax treaties. Fill out 1040ez How to get tax help. Fill out 1040ez    Chapter 7 is an explanation of how to get information and assistance from the IRS. Fill out 1040ez Questions and answers. Fill out 1040ez   Frequently asked questions and answers to those questions are presented in the back of the publication. Fill out 1040ez Comments and suggestions. Fill out 1040ez   We welcome your comments about this publication and your suggestions for future editions. Fill out 1040ez   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Fill out 1040ez NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Fill out 1040ez Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Fill out 1040ez   You can send us comments from www. Fill out 1040ez irs. Fill out 1040ez gov/formspubs/. Fill out 1040ez Click on “More Information” and then on “Comment on Tax Forms and Publications. Fill out 1040ez ”   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Fill out 1040ez Ordering forms and publications. Fill out 1040ez   Visit www. Fill out 1040ez irs. Fill out 1040ez gov/formspubs/ to download forms and publications, call 1-800-829-3676, or write to the address below and receive a response within 10 days after your request is received. Fill out 1040ez Internal Revenue Service 1201 N. Fill out 1040ez Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Fill out 1040ez   If you have a tax question, check the information available on IRS. Fill out 1040ez gov or call 1-800-TAX–FORM (1-800-829-1040). Fill out 1040ez We cannot answer tax questions sent to either of the above addresses. Fill out 1040ez Prev  Up  Next   Home   More Online Publications
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Fill out 1040ez 4. Fill out 1040ez   Underpayment Penalty for 2013 Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: General RuleFarmers and fishermen. Fill out 1040ez Higher income taxpayers. Fill out 1040ez Minimum required for higher income taxpayers. Fill out 1040ez Estate or trust payments of estimated tax. Fill out 1040ez Lowering or eliminating the penalty. Fill out 1040ez ExceptionsLess Than $1,000 Due No Tax Liability Last Year Figuring Your Required Annual Payment (Part I) Short Method for Figuring the Penalty (Part III) Regular Method for Figuring the Penalty (Part IV)Figuring Your Underpayment (Part IV, Section A) Worksheet for Form 2210, Part IV, Section B—Figuring the Penalty Annualized Income Installment Method (Schedule AI) Farmers and Fishermen Waiver of PenaltyFarmers and fishermen. Fill out 1040ez Introduction If you did not pay enough tax, either through withholding or by making timely estimated tax payments, you will have underpaid your estimated tax and may have to pay a penalty. Fill out 1040ez You may understand this chapter better if you can refer to a copy of your latest federal income tax return. Fill out 1040ez No penalty. Fill out 1040ez   Generally, you will not have to pay a penalty for 2013 if any of the following apply. Fill out 1040ez The total of your withholding and timely estimated tax payments was at least as much as your 2012 tax. Fill out 1040ez (See Special rules for certain individuals for higher income taxpayers and farmers and fishermen. Fill out 1040ez ) The tax balance due on your 2013 return is no more than 10% of your total 2013 tax, and you paid all required estimated tax payments on time. Fill out 1040ez Your total tax for 2013 (defined later) minus your withholding is less than $1,000. Fill out 1040ez You did not have a tax liability for 2012. Fill out 1040ez You did not have any withholding taxes and your current year tax (less any household employment taxes) is less than $1,000. Fill out 1040ez IRS can figure the penalty for you. Fill out 1040ez   If you think you owe the penalty, but you do not want to figure it yourself when you file your tax return, you may not have to. Fill out 1040ez Generally, the IRS will figure the penalty for you and send you a bill. Fill out 1040ez   You only need to figure your penalty in the following three situations. Fill out 1040ez You are requesting a waiver of part, but not all, of the penalty. Fill out 1040ez You are using the annualized income installment method to figure the penalty. Fill out 1040ez You are treating the federal income tax withheld from your income as paid on the dates actually withheld. Fill out 1040ez However, if these situations do not apply to you, and you think you can lower or eliminate your penalty, complete Form 2210 or Form 2210-F and attach it to your return. Fill out 1040ez See Form 2210 , later. Fill out 1040ez Topics - This chapter discusses: The general rule for the underpayment penalty, Special rules for certain individuals, Exceptions to the underpayment penalty, How to figure your underpayment and the amount of your penalty on Form 2210, and How to ask the IRS to waive the penalty. Fill out 1040ez Useful Items - You may want to see: Form (and Instructions) 2210 Underpayment of Estimated Tax by Individuals, Estates, and Trusts 2210-F Underpayment of Estimated Tax by Farmers and Fishermen See chapter 5 for information about getting these forms. Fill out 1040ez General Rule In general, you may owe a penalty for 2013 if the total of your withholding and timely estimated tax payments did not equal at least the smaller of: 90% of your 2013 tax, or 100% of your 2012 tax. Fill out 1040ez (Your 2012 tax return must cover a 12-month period. Fill out 1040ez ) Your 2013 tax, for this purpose, is defined under Total tax for 2013 , later. Fill out 1040ez Special rules for certain individuals. Fill out 1040ez   There are special rules for farmers and fishermen and certain higher income taxpayers. Fill out 1040ez Farmers and fishermen. Fill out 1040ez   If at least two-thirds of your gross income for 2012 or 2013 is from farming or fishing, substitute  662/3% for 90% in (1) above. Fill out 1040ez   See Farmers and Fishermen , later. Fill out 1040ez Higher income taxpayers. Fill out 1040ez   If your AGI for 2012 was more than $150,000 ($75,000 if your 2013 filing status is married filing a separate return), substitute 110% for 100% in (2) under General Rule . Fill out 1040ez This rule does not apply to farmers or fishermen. Fill out 1040ez   For 2012, AGI is the amount shown on Form 1040, line 37; Form 1040A, line 21; and Form 1040EZ, line 4. Fill out 1040ez Penalty figured separately for each period. Fill out 1040ez   Because the penalty is figured separately for each payment period, you may owe a penalty for an earlier payment period even if you later paid enough to make up the underpayment. Fill out 1040ez This is true even if you are due a refund when you file your income tax return. Fill out 1040ez Example. Fill out 1040ez You did not make estimated tax payments for 2013 because you thought you had enough tax withheld from your wages. Fill out 1040ez Early in January 2014, you made an estimate of your total 2013 tax. Fill out 1040ez Then you realized that your withholding was $2,000 less than the amount needed to avoid a penalty for underpayment of estimated tax. Fill out 1040ez On January 10, you made an estimated tax payment of $3,000, which is the difference between your withholding and your estimate of your total tax. Fill out 1040ez Your final return shows your total tax to be $50 less than your estimate, so you are due a refund. Fill out 1040ez You do not owe a penalty for your payment due January 15, 2014. Fill out 1040ez However, you may owe a penalty through January 10, 2014, the day you made the $3,000 payment, for your underpayments for the earlier payment periods. Fill out 1040ez Minimum required each period. Fill out 1040ez   You will owe a penalty for any 2013 payment period for which your estimated tax payment plus your withholding for the period and overpayments applied from previous periods was less than the smaller of: 22. Fill out 1040ez 5% of your 2013 tax, or 25% of your 2012 tax. Fill out 1040ez (Your 2012 tax return must cover a 12-month period. Fill out 1040ez ) Minimum required for higher income taxpayers. Fill out 1040ez   If you are subject to the rule for higher income taxpayers, discussed above, substitute 27. Fill out 1040ez 5% for 25% in (2) under General Rule . Fill out 1040ez When penalty is charged. Fill out 1040ez   If you miss a payment or you paid less than the minimum required in a period, you may be charged an underpayment penalty from the date the amount was due to the date the payment is made. Fill out 1040ez If a payment is mailed, the date of the U. Fill out 1040ez S. Fill out 1040ez postmark is considered the date of payment. Fill out 1040ez   If a payment is made electronically, the date the payment is shown on your payment account (checking, savings, etc. Fill out 1040ez ) is considered to be the date of payment. Fill out 1040ez Estate or trust payments of estimated tax. Fill out 1040ez   If you have estimated taxes credited to you from an estate or trust (Schedule K-1 (Form 1041)), treat the payment as made by you on January 15, 2014. Fill out 1040ez Amended returns. Fill out 1040ez    If you file an amended return by the due date of your original return, use the tax shown on your amended return to figure your required estimated tax payments. Fill out 1040ez If you file an amended return after the due date of the original return, use the tax shown on the original return. Fill out 1040ez   However, if you and your spouse file a joint return after the due date to replace separate returns you originally filed by the due date, use the tax shown on the joint return to figure your required estimated tax payments. Fill out 1040ez This rule applies only if both original separate returns were filed on time. Fill out 1040ez 2012 separate returns and 2013 joint return. Fill out 1040ez    If you file a joint return with your spouse for 2013, but you filed separate returns for 2012, your 2012 tax is the total of the tax shown on your separate returns. Fill out 1040ez You filed a separate return if you filed as single, head of household, or married filing separately. Fill out 1040ez 2012 joint return and 2013 separate returns. Fill out 1040ez    If you file a separate return for 2013, but you filed a joint return with your spouse for 2012, your 2012 tax is your share of the tax on the joint return. Fill out 1040ez You are filing a separate return if you file as single, head of household, or married filing separately. Fill out 1040ez   To figure your share of the taxes on a joint return, first figure the tax both you and your spouse would have paid had you filed separate returns for 2012 using the same filing status as for 2013. Fill out 1040ez Then multiply the tax on the joint return by the following fraction. Fill out 1040ez   The tax you would have paid had you filed a separate return   The total tax you and your spouse would have paid had you filed separate returns Example. Fill out 1040ez Lisa and Paul filed a joint return for 2012 showing taxable income of $49,000 and a tax of $6,484. Fill out 1040ez Of the $49,000 taxable income, $41,000 was Lisa's and the rest was Paul's. Fill out 1040ez For 2013, they file married filing separately. Fill out 1040ez Lisa figures her share of the tax on the 2012 joint return as follows. Fill out 1040ez 2012 tax on $41,000 based on a separate return $ 6,286 2012 tax on $8,000 based on a  separate return 803 Total $ 7,089 Lisa's percentage of total tax  ($6,286 ÷ $ 7,089) 88. Fill out 1040ez 67% Lisa's part of tax on joint return ($6,484 × 88. Fill out 1040ez 67%) $ 5,749 Form 2210. Fill out 1040ez   In most cases, you do not need to file Form 2210. Fill out 1040ez The IRS will figure the penalty for you and send you a bill. Fill out 1040ez If you want us to figure the penalty for you, leave the penalty line on your return blank. Fill out 1040ez Do not file Form 2210. Fill out 1040ez   To determine if you should file Form 2210, see Part II of Form 2210. Fill out 1040ez If you decide to figure your penalty, complete Part I, Part II, and either Part III or Part IV of the form and the Penalty Worksheet in the Instructions for Form 2210. Fill out 1040ez If you use Form 2210, you cannot file Form 1040EZ. Fill out 1040ez   On Form 1040, enter the amount of your penalty on line 77. Fill out 1040ez If you owe tax on line 76, add the penalty to your tax due and show your total payment on line 76. Fill out 1040ez If you are due a refund, subtract the penalty from the overpayment and enter the result on line 73. Fill out 1040ez   On Form 1040A, enter the amount of your penalty on line 46. Fill out 1040ez If you owe tax on line 45, add the penalty to your tax due and show your total payment on line 45. Fill out 1040ez If you are due a refund, subtract the penalty from the overpayment and enter the result on line 42. Fill out 1040ez Lowering or eliminating the penalty. Fill out 1040ez    You may be able to lower or eliminate your penalty if you file Form 2210. Fill out 1040ez You must file Form 2210 with your return if any of the following applies. Fill out 1040ez You request a waiver. Fill out 1040ez See Waiver of Penalty , later. Fill out 1040ez You use the annualized income installment method. Fill out 1040ez See the explanation of this method under Annualized Income Installment Method (Schedule AI) . Fill out 1040ez You use your actual withholding for each payment period for estimated tax purposes. Fill out 1040ez See Actual withholding method under Figuring Your Underpayment (Part IV, Section A). Fill out 1040ez You base any of your required installments on the tax shown on your 2012 return and you filed or are filing a joint return for either 2012 or 2013, but not for both years. Fill out 1040ez Exceptions Generally, you do not have to pay an underpayment penalty if either: Your total tax is less than $1,000, or You had no tax liability last year. Fill out 1040ez Less Than $1,000 Due You do not owe a penalty if the total tax shown on your return minus the amount you paid through withholding (including excess social security and tier 1 railroad retirement (RRTA) tax withholding) is less than $1,000. Fill out 1040ez Total tax for 2013. Fill out 1040ez   For 2013, your total tax on Form 1040 is the amount on line 61 reduced by the following. Fill out 1040ez    Unreported social security and Medicare tax or RRTA tax from Forms 4137 or 8919 (line 57). Fill out 1040ez Any tax included on line 58 for excess contributions to IRAs, Archer MSAs, Coverdell education savings accounts, and health savings accounts, or any tax on excess accumulations in qualified retirement plans. Fill out 1040ez The following write-ins on line 60: Uncollected social security and Medicare tax or RRTA tax on tips or group-term life insurance, Tax on excess golden parachute payments, Excise tax on insider stock compensation from an expatriated corporation, Look-back interest due under section 167(g), Look-back interest due under section 460(b), Recapture of federal mortgage subsidy, and Additional tax on advance payments of health coverage tax credit when not eligible. Fill out 1040ez Any refundable credit amounts listed on lines 64a, 65, 66, 70, and any credit from Form 8885 included on line 71. Fill out 1040ez   If you filed Form 1040A, your 2013 total tax is the amount on line 35 reduced by any refundable credits on lines 38a, 39, and 40. Fill out 1040ez   If you filed Form 1040EZ, your 2013 total tax is the amount on line 10 reduced by the amount on line 8a. Fill out 1040ez Note. Fill out 1040ez When figuring the amount on line 60, include household employment taxes only if you had federal income tax withheld from your income or you would owe the penalty even if you did not include those taxes. Fill out 1040ez Paid through withholding. Fill out 1040ez    For 2013, the amount you paid through withholding on Form 1040 is the amount on line 62 plus any excess social security or tier 1 RRTA tax withholding on line 69. Fill out 1040ez Add to that any write-in amount on line 72 identified as “Form 8689. Fill out 1040ez ” On Form 1040A, the amount you paid through withholding is the amount on line 36 plus any excess social security or tier 1 RRTA tax withholding included on line 41. Fill out 1040ez On Form 1040EZ, it is the amount on line 7. Fill out 1040ez No Tax Liability Last Year You do not owe a penalty if you had no tax liability last year and you were a U. Fill out 1040ez S. Fill out 1040ez citizen or resident for the whole year. Fill out 1040ez For this rule to apply, your tax year must have included all 12 months of the year. Fill out 1040ez You had no tax liability for 2012 if your total tax was zero or you were not required to file an income tax return. Fill out 1040ez Example. Fill out 1040ez Ray, who is single and 22 years old, was unemployed for a few months during 2012. Fill out 1040ez He earned $6,700 in wages before he was laid off, and he received $1,400 in unemployment compensation afterwards. Fill out 1040ez He had no other income. Fill out 1040ez Even though he had gross income of $8,100, he did not have to pay income tax because his gross income was less than the filing requirement for a single person under age 65 ($9,750 for 2012). Fill out 1040ez He filed a return only to have his withheld income tax refunded to him. Fill out 1040ez In 2013, Ray began regular work as an independent contractor. Fill out 1040ez Ray made no estimated tax payments in 2013. Fill out 1040ez Even though he did owe tax at the end of the year, Ray does not owe the underpayment penalty for 2013 because he had no tax liability in 2012. Fill out 1040ez Total tax for 2012. Fill out 1040ez   For 2012, your total tax on Form 1040 is the amount on line 61 reduced by the following. Fill out 1040ez    Unreported social security and Medicare tax or RRTA tax from Forms 4137 or 8919 (line 57). Fill out 1040ez Any tax included on line 58 for excess contributions to IRAs, Archer MSAs, Coverdell education savings accounts, and health savings accounts, or any tax on excess accumulations in qualified retirement plans. Fill out 1040ez The following write-ins on line 60: Uncollected social security and Medicare tax or RRTA tax on tips or group-term life insurance, Tax on excess golden parachute payments, Excise tax on insider stock compensation from an expatriated corporation, Look-back interest due under section 167(g), Look-back interest due under section 460(b), Recapture of federal mortgage subsidy, and Additional tax on advance payments of health coverage tax credit when not eligible. Fill out 1040ez Any refundable credit amounts listed on lines 64a, 65, 66, 70, and credits from Forms 8801 (line 27 only), and 8885 included on line 71. Fill out 1040ez   If you filed Form 1040A, your 2012 total tax is the amount on line 35 reduced by any refundable credits on lines 38a, 39, and 40. Fill out 1040ez   If you filed Form 1040EZ, your 2012 total tax is the amount on line 11 reduced by the amount on line 8a. Fill out 1040ez Figuring Your Required Annual Payment (Part I) Figure your required annual payment in Part I of Form 2210, following the line-by-line instructions. Fill out 1040ez If you rounded the entries on your tax return to whole dollars, you can round on Form 2210. Fill out 1040ez Example. Fill out 1040ez The tax on Lori Lane's 2012 return was $12,400. Fill out 1040ez Her AGI was not more than $150,000 for either 2012 or 2013. Fill out 1040ez The tax on her 2013 return (Form 1040, line 55) is $13,044. Fill out 1040ez Line 56 (self-employment tax) is $8,902. Fill out 1040ez Her 2013 total tax is $21,946. Fill out 1040ez For 2013, Lori had $1,600 income tax withheld and made four equal estimated tax payments ($1,000 each). Fill out 1040ez 90% of her 2013 tax is $19,751. Fill out 1040ez Because she paid less than her 2012 tax ($12,400) and less than 90% of her 2013 tax ($19,751), and does not meet an exception, Lori knows that she owes a penalty for underpayment of estimated tax. Fill out 1040ez The IRS will figure the penalty for Lori, but she decides to figure it herself on Form 2210 and pay it with her taxes when she files her tax return. Fill out 1040ez Lori's required annual payment is $12,400 (100% of 2012 tax) because that is smaller than 90% of her 2013 tax. Fill out 1040ez Different 2012 filing status. Fill out 1040ez    If you file a separate return for 2013, but you filed a joint return with your spouse for 2012, see 2012 joint return and 2013 separate returns , earlier, to figure the amount to enter as your 2012 tax on line 8 of Form 2210. Fill out 1040ez Short Method for Figuring the Penalty (Part III) You may be able to use the short method in Part III of Form 2210 to figure your penalty for underpayment of estimated tax. Fill out 1040ez If you qualify to use this method, it will result in the same penalty amount as the regular method. Fill out 1040ez However, either the annualized income installment method or the actual withholding method, explained later, may result in a smaller penalty. Fill out 1040ez You can use the short method only if you meet one of the following requirements. Fill out 1040ez You made no estimated tax payments for 2013 (it does not matter whether you had income tax withholding). Fill out 1040ez You paid the same amount of estimated tax on each of the four payment due dates. Fill out 1040ez If you do not meet either requirement, figure your penalty using the regular method in Part IV of Form 2210 and the Penalty Worksheet in the instructions. Fill out 1040ez Note. Fill out 1040ez If any payment was made before the due date, you can use the short method, but the penalty may be less if you use the regular method. Fill out 1040ez However, if the payment was only a few days early, the difference is likely to be small. Fill out 1040ez You cannot use the short method if any of the following apply. Fill out 1040ez You made any estimated tax payments late. Fill out 1040ez You checked box C or D in Part II of Form 2210. Fill out 1040ez You are filing Form 1040NR or 1040NR-EZ and you did not receive wages as an employee subject to U. Fill out 1040ez S. Fill out 1040ez income tax withholding. Fill out 1040ez If you use the short method, you cannot use the annualized income installment method to figure your underpayment for each payment period. Fill out 1040ez Also, you cannot use your actual withholding during each period to figure your payments for each period. Fill out 1040ez These methods, which may give you a smaller penalty amount, are explained under Figuring Your Underpayment (Part IV, Section A). Fill out 1040ez Complete Part III of Form 2210 following the line-by-line instructions in the Instructions for Form 2210. Fill out 1040ez Regular Method for Figuring the Penalty (Part IV) You can use the regular method in Part IV of Form 2210 to figure your penalty for underpayment of estimated tax if you paid one or more estimated tax payments earlier than the due date. Fill out 1040ez You must use the regular method in Part IV of Form 2210 to figure your penalty for underpayment of estimated tax if any of the following apply to you. Fill out 1040ez You paid one or more estimated tax payments on a date after the due date. Fill out 1040ez You paid at least one, but less than four, installments of estimated tax. Fill out 1040ez You paid estimated tax payments in un- equal amounts. Fill out 1040ez You use the annualized income installment method to figure your underpayment for each payment period. Fill out 1040ez You use your actual withholding during each payment period to figure your payments. Fill out 1040ez Under the regular method, figure your underpayment for each payment period in Section A, then figure your penalty using the Penalty Worksheet in the Instructions for Form 2210. Fill out 1040ez Enter the results on line 27 of Section B. Fill out 1040ez Figuring Your Underpayment (Part IV, Section A) Figure your underpayment of estimated tax for each payment period in Section A following the line-by-line instructions in the Instructions for Form 2210. Fill out 1040ez Complete lines 20 through 26 of the first column before going to line 20 of the next column. Fill out 1040ez Required installments—line 18. Fill out 1040ez   Your required payment for each payment period (line 18) is usually one-fourth of your required annual payment (Part I, line 9). Fill out 1040ez This method—the regular method—is the one to use if you received your income evenly throughout the year. Fill out 1040ez   However, if you did not receive your income evenly throughout the year, you may be able to lower or eliminate your penalty by figuring your underpayment using the annualized income installment method. Fill out 1040ez First complete Schedule AI (Form 2210), then enter the amounts from line 25 of that schedule on line 18 of Form 2210, Part IV. Fill out 1040ez See Annualized Income Installment Method (Schedule AI), later. Fill out 1040ez Payments made—line 19. Fill out 1040ez   Enter in each column the total of: Your estimated tax paid after the due date for the previous column and by the due date shown at the top of the column, and One-fourth of your withholding. Fill out 1040ez For special rules for figuring your payments, see Form 2210 instructions for line 19. Fill out 1040ez   If you file Form 1040, your withholding is the amount on line 62, plus any excess social security or tier 1 RRTA tax withholding on line 69. Fill out 1040ez If you file Form 1040A, your withholding is the amount on line 36 plus any excess social security or tier 1 RRTA tax withholding included in line 41. Fill out 1040ez Actual withholding method. Fill out 1040ez    Instead of using one-fourth of your withholding for each quarter, you can choose to use the amounts actually withheld by each due date. Fill out 1040ez You can make this choice separately for the tax withheld from your wages and for all other withholding. Fill out 1040ez This includes any excess social security and tier 1 RRTA tax withheld. Fill out 1040ez   Using your actual withholding may result in a smaller penalty if most of your withholding occurred early in the year. Fill out 1040ez   If you use your actual withholding, you must check box D in Form 2210, Part II. Fill out 1040ez Then complete Form 2210 using the regular method (Part IV) and file it with your return. Fill out 1040ez Worksheet for Form 2210, Part IV, Section B—Figuring the Penalty Figure the amount of your penalty for Section B using the Penalty Worksheet in the Form 2210 instructions. Fill out 1040ez The penalty is imposed on each underpayment amount shown on Form 2210, Section A, line 25, for the number of days that it remained unpaid. Fill out 1040ez For 2013, there are four rate periods—April 16 through June 30, July 1 through September 30, October 1 through December 31, and January 1, 2014 through April 15, 2014. Fill out 1040ez A 3% rate applies to all four periods. Fill out 1040ez Payments. Fill out 1040ez    Before completing the Penalty Worksheet, it may be helpful to make a list of the payments you made and income tax withheld after the due date (or the last day payments could be made on time) for the earliest payment period an underpayment occurred. Fill out 1040ez For example, if you had an underpayment for the first payment period, list your payments after April 15, 2013. Fill out 1040ez You can use the table in the Form 2210 instructions to make your list. Fill out 1040ez Follow those instructions for listing income tax withheld and payments made with your return. Fill out 1040ez Use the list to determine when each underpayment was paid. Fill out 1040ez   If you mail your estimated tax payments, use the date of the U. Fill out 1040ez S. Fill out 1040ez postmark as the date of payment. Fill out 1040ez Line 1b. Fill out 1040ez   Apply the payments listed to underpayment balance in the first column until it is fully paid. Fill out 1040ez Apply payments in the order made. Fill out 1040ez Figuring the penalty. Fill out 1040ez   If an underpayment was paid in two or more payments on different dates, you must figure the penalty separately for each payment. Fill out 1040ez On line 3 of the Penalty Worksheet enter the number of days between the due date (line 2) and the date of each payment on line 1b. Fill out 1040ez On line 4 figure the penalty for the amount of each payment applied on line 1b or the amount remaining unpaid. Fill out 1040ez If no payments are applied, figure the penalty on the amount on line 1a. Fill out 1040ez Aid for counting days. Fill out 1040ez    Table 4-1 provides a simple method for counting the number of days between a due date and a payment date. Fill out 1040ez Find the number for the date the payment was due by going across to the column of the month the payment was due and moving down the column to the due date. Fill out 1040ez In the same manner, find the number for the date the payment was made. Fill out 1040ez Subtract the due date “number” from the payment date “number. Fill out 1040ez ”   For example, if a payment was due on June 15 (61), but was not paid until September 1 (139), the payment was 78 (139 – 61) days late. Fill out 1040ez Table 4-1. Fill out 1040ez Calendar To Determine the Number of Days a Payment Is Late Instructions. Fill out 1040ez Use this table with Form 2210 if you are completing Part IV, Section B. Fill out 1040ez First, find the number for the payment due date by going across to the column of the month the payment was due and moving down the column to the due date. Fill out 1040ez Then, in the same manner, find the number for the date the payment was made. Fill out 1040ez Finally, subtract the due date number from the payment date number. Fill out 1040ez The result is the number of days the payment is late. Fill out 1040ez Example. Fill out 1040ez The payment due date is June 15 (61). Fill out 1040ez The payment was made on November 4 (203). Fill out 1040ez The payment is 142 days late (203 – 61). Fill out 1040ez Tax Year 2013 Day of 2013 2013 2013 2013 2013 2013 2013 2013 2013 2014 2014 2014 2014 Month April May June July Aug. Fill out 1040ez Sept. Fill out 1040ez Oct. Fill out 1040ez Nov. Fill out 1040ez Dec. Fill out 1040ez Jan. Fill out 1040ez Feb. Fill out 1040ez Mar. Fill out 1040ez Apr. Fill out 1040ez 1   16 47 77 108 139 169 200 230 261 292 320 351 2   17 48 78 109 140 170 201 231 262 293 321 352 3   18 49 79 110 141 171 202 232 263 294 322 353 4   19 50 80 111 142 172 203 233 264 295 323 354 5   20 51 81 112 143 173 204 234 265 296 324 355 6   21 52 82 113 144 174 205 235 266 297 325 356 7   22 53 83 114 145 175 206 236 267 298 326 357 8   23 54 84 115 146 176 207 237 268 299 327 358 9   24 55 85 116 147 177 208 238 269 300 328 359 10   25 56 86 117 148 178 209 239 270 301 329 360 11   26 57 87 118 149 179 210 240 271 302 330 361 12   27 58 88 119 150 180 211 241 272 303 331 362 13   28 59 89 120 151 181 212 242 273 304 332 363 14   29 60 90 121 152 182 213 243 274 305 333 364 15 0 30 61 91 122 153 183 214 244 275 306 334 365 16 1 31 62 92 123 154 184 215 245 276 307 335   17 2 32 63 93 124 155 185 216 246 277 308 336   18 3 33 64 94 125 156 186 217 247 278 309 337   19 4 34 65 95 126 157 187 218 248 279 310 338   20 5 35 66 96 127 158 188 219 249 280 311 339   21 6 36 67 97 128 159 189 220 250 281 312 340   22 7 37 68 98 129 160 190 221 251 282 313 341   23 8 38 69 99 130 161 191 222 252 283 314 342   24 9 39 70 100 131 162 192 223 253 284 315 343   25 10 40 71 101 132 163 193 224 254 285 316 344   26 11 41 72 102 133 164 194 225 255 286 317 345   27 12 42 73 103 134 165 195 226 256 287 318 346   28 13 43 74 104 135 166 196 227 257 288 319 347   29 14 44 75 105 136 167 197 228 258 289   348   30 15 45 76 106 137 168 198 229 259 290   349   31   46   107 138   199   260 291   350   Annualized Income Installment Method (Schedule AI) If you did not receive your income evenly throughout the year (for example, your income from a shop you operated at a marina was much larger in the summer than it was during the rest of the year), you may be able to lower or eliminate your penalty by figuring your underpayment using the annualized income installment method. Fill out 1040ez Under this method, your required installment (Part IV, line 18) for one or more payment periods may be less than one-fourth of your required annual payment. Fill out 1040ez To figure your underpayment using this method, complete Form 2210, Schedule AI. Fill out 1040ez Schedule AI annualizes your tax at the end of each payment period based on your income, deductions, and other items relating to events that occurred from the beginning of the tax year through the end of the period. Fill out 1040ez If you use the annualized income installment method, you must check box C in Part II of Form 2210. Fill out 1040ez Also, you must attach Form 2210 and Schedule AI to your return. Fill out 1040ez If you use Schedule AI for any payment due date, you must use it for all payment due dates. Fill out 1040ez Completing Schedule AI. Fill out 1040ez   Follow the Form 2210 instructions to complete Schedule AI. Fill out 1040ez For each period shown on Schedule AI, figure your income and deductions based on your method of accounting. Fill out 1040ez If you use the cash method of accounting (used by most people), include all income actually or constructively received during the period and all deductions actually paid during the period. Fill out 1040ez Note. Fill out 1040ez Each period includes amounts from the previous period(s). Fill out 1040ez Period (a) includes items for January 1 through March 31. Fill out 1040ez Period (b) includes items for January 1 through May 31. Fill out 1040ez Period (c) includes items for January 1 through August 31. Fill out 1040ez Period (d) includes items for the entire year. Fill out 1040ez Farmers and Fishermen If you are a farmer or fisherman, the following special rules for underpayment of estimated tax apply to you. Fill out 1040ez The penalty for underpaying your 2013 estimated tax will not apply if you file your return and pay all the tax due by March 3, 2014. Fill out 1040ez If you are a fiscal year taxpayer, the penalty will not apply if you file your return and pay the tax due by the first day of the third month after the end of your tax year. Fill out 1040ez Any penalty you owe for underpaying your 2013 estimated tax will be figured from one payment due date, January 15, 2014. Fill out 1040ez The underpayment penalty for 2013 is figured on the difference between the amount of 2013 withholding plus estimated tax paid by the due date and the smaller of: 662/3% (rather than 90%) of your 2013 tax, or 100% of the tax shown on your 2012 return. Fill out 1040ez Even if these special rules apply to you, you will not owe the penalty if you meet either of the two conditions discussed under Exceptions . Fill out 1040ez See Who Must Pay Estimated Tax in chapter 2 for the definition of a farmer or fisherman who is eligible for these special rules. Fill out 1040ez Form 2210-F. Fill out 1040ez   Use Form 2210-F to figure any underpayment penalty. Fill out 1040ez Do not attach it to your return unless you check a box in Part I. Fill out 1040ez However, if none of the boxes apply to you and you owe a penalty, you do not need to attach Form 2210-F. Fill out 1040ez Enter the amount from line 16 on Form 1040, line 77 and add the penalty to any balance due on your return or subtract it from your refund. Fill out 1040ez Keep your filled-in Form 2210-F for your records. Fill out 1040ez    If none of the boxes on Form 2210-F apply to you and you owe a penalty, the IRS can figure your penalty and send you a bill. Fill out 1040ez Waiver of Penalty The IRS can waive the penalty for underpayment if either of the following applies. Fill out 1040ez You did not make a payment because of a casualty, disaster, or other unusual circumstance and it would be inequitable to impose the penalty. Fill out 1040ez You retired (after reaching age 62) or became disabled in 2012 or 2013 and both the following requirements are met. Fill out 1040ez You had a reasonable cause for not making the payment. Fill out 1040ez Your underpayment was not due to willful neglect. Fill out 1040ez How to request a waiver. Fill out 1040ez   To request a waiver, see the Instructions for Form 2210. Fill out 1040ez Farmers and fishermen. Fill out 1040ez   To request a waiver, see the Instructions for Form 2210-F. Fill out 1040ez Federally declared disaster. Fill out 1040ez   Certain estimated tax payment deadlines for taxpayers who reside or have a business in a federally declared disaster area are postponed for a period during and after the disaster. Fill out 1040ez During the processing of your tax return, the IRS automatically identifies taxpayers located in a covered disaster area (by county or parish) and applies the appropriate penalty relief. Fill out 1040ez Do not file Form 2210 or 2210-F if your underpayment was due to a federally declared disaster. Fill out 1040ez If you still owe a penalty after the automatic waiver is applied, we will send you a bill. Fill out 1040ez   Individuals, estates, and trusts not in a covered disaster area but whose books, records, or tax professionals' offices are in a covered area are also entitled to relief. Fill out 1040ez Also eligible are relief workers affiliated with a recognized government or charitable organization assisting in the relief activities in a covered disaster area. Fill out 1040ez If you meet either of these eligibility requirements, you must call the IRS disaster hotline at 1-866-562-5227 and identify yourself as eligible for this relief. Fill out 1040ez   Details on the applicable disaster postponement period can be found at IRS. Fill out 1040ez gov. Fill out 1040ez Enter Tax Relief in Disaster Situations. Fill out 1040ez Select the federally declared disaster that affected you. Fill out 1040ez    Worksheet 4-1. Fill out 1040ez 2013 Form 2210, Schedule AI—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Note. Fill out 1040ez To figure the annualized entries for lines 2, 3, and 5 below, multiply the expected amount for the period by the  annualization amount on line 2 of Schedule AI for the same period. Fill out 1040ez                   1. Fill out 1040ez Enter line 11 of your Schedule AI, or line 3 from Worksheet 4-2 1. Fill out 1040ez       2. Fill out 1040ez Enter your annualized qualified dividends for the period 2. Fill out 1040ez           3. Fill out 1040ez Are you filing Schedule D?               □ Yes. Fill out 1040ez Enter the smaller of your annualized amount from line 15 or line 16 of Schedule D. Fill out 1040ez If either line 15 or line 16 is blank or a loss, enter -0-. Fill out 1040ez 3. Fill out 1040ez             □ No. Fill out 1040ez Enter your annualized capital gain distributions from Form 1040, line 13             4. Fill out 1040ez Add lines 2 and 3   4. Fill out 1040ez           5. Fill out 1040ez If you are claiming investment interest expense on Form 4952, enter your annualized amount from line 4g of that form. Fill out 1040ez Otherwise, enter -0-   5. Fill out 1040ez           6. Fill out 1040ez Subtract line 5 from line 4. Fill out 1040ez If zero or less, enter -0- 6. Fill out 1040ez       7. Fill out 1040ez Subtract line 6 from line 1. Fill out 1040ez If zero or less, enter -0- 7. Fill out 1040ez       8. Fill out 1040ez Enter: $36,900 if single or married filing separately, $73,800 if married filing jointly or qualifying widow(er), $49,400 if head of household. Fill out 1040ez 8. Fill out 1040ez       9. Fill out 1040ez Enter the smaller of line 1 or line 8 9. Fill out 1040ez       10. Fill out 1040ez Enter the smaller of line 7 or line 9 10. Fill out 1040ez       11. Fill out 1040ez Subtract line 10 from line 9. Fill out 1040ez This amount is taxed at 0% 11. Fill out 1040ez       12. Fill out 1040ez Enter the smaller of line 1 or line 6 12. Fill out 1040ez       13. Fill out 1040ez Enter the amount from line 11 13. Fill out 1040ez       14. Fill out 1040ez Subtract line 13 from line 12 14. Fill out 1040ez       15. Fill out 1040ez Multiply line 14 by 15% (. Fill out 1040ez 15) 15. Fill out 1040ez   16. Fill out 1040ez Figure the tax on the amount on line 7. Fill out 1040ez If the amount on line 7 is less than $100,000, use the Tax Table in the 2013 Form 1040 instructions to figure this tax. Fill out 1040ez If the amount on line 7 is $100,000 or more, use the Tax Computation Worksheet in the 2013 Form 1040 instructions 16. Fill out 1040ez   17. Fill out 1040ez Add lines 15 and 16 17. Fill out 1040ez   18. Fill out 1040ez Figure the tax on the amount on line 1. Fill out 1040ez If the amount on line 1 is less than $100,000, use the Tax Table in the 2013 Form 1040 instructions to figure this tax. Fill out 1040ez If the amount on line 1 is $100,000 or more, use the Tax Computation Worksheet in the 2013 Form 1040 instructions 18. Fill out 1040ez   19. Fill out 1040ez Tax on all taxable income. Fill out 1040ez Enter the smaller of line 17 or line 18. Fill out 1040ez Also enter this amount on line 12 of Schedule AI in the appropriate column. Fill out 1040ez However, if you are using this worksheet to figure the tax on the amount on line 3 of Worksheet 4-2, enter the amount from line 19 on Worksheet 4-2, line 4 19. Fill out 1040ez   Worksheet 4-2. Fill out 1040ez 2013 Form 2210, Schedule AI—Line 12 Foreign Earned Income Tax Worksheet Before you begin:If Schedule AI, line 11, is zero for the period, do not complete this worksheet. Fill out 1040ez             1. Fill out 1040ez Enter the amount from line 11 of Schedule AI for the period 1. Fill out 1040ez   2. Fill out 1040ez Enter the annualized amount* of foreign earned income and housing amount excluded or deducted (from  Form 2555, lines 45 and 50, or Form 2555-EZ, line 18) in figuring the amount entered for the period on line 1  of Schedule AI 2. Fill out 1040ez   3. Fill out 1040ez Add lines 1 and 2 3. Fill out 1040ez   4. Fill out 1040ez Tax on the amount on line 3. Fill out 1040ez Use the Tax Table, Tax Computation Worksheet, Form 8615**, Qualified Dividends and Capital Gain Tax Worksheet***, or Schedule D Tax Worksheet***, whichever applies. Fill out 1040ez See the 2013 Instructions for Form 1040, line 44, to find out which tax computation method to use. Fill out 1040ez (Note. Fill out 1040ez You do not have to use the same method for each period on Schedule AI. Fill out 1040ez ) 4. Fill out 1040ez   5. Fill out 1040ez Tax on the amount on line 2. Fill out 1040ez If the amount on line 2 is less than $100,000, use the Tax Table in the 2013 Form 1040 instructions to figure this tax. Fill out 1040ez If the amount on line 7 is $100,000 or more, use the Tax Computation Worksheet in the 2013 Form 1040 instructions 5. Fill out 1040ez   6. Fill out 1040ez Subtract line 5 from line 4. Fill out 1040ez Enter the result here and on line 12 of Schedule AI. Fill out 1040ez If zero or less,  enter -0- 6. Fill out 1040ez             * To figure the annualized amount for line 2, multiply the exclusion or deduction for the period by the annualization amount on line 2 of Schedule AI for the same period. Fill out 1040ez     ** If you use Form 8615 to figure the tax on line 4 above, enter the amount from line 3 above on line 4 of Form 8615. Fill out 1040ez If the child's parent files Form 2555 or 2555-EZ, enter the amounts from lines 3 and 4 of the parent's Foreign Earned Income Tax Worksheet on lines 6 and 10, respectively, of Form 8615. Fill out 1040ez Complete the rest of Form 8615 according to its instructions. Fill out 1040ez Then complete lines 5 and 6 above. Fill out 1040ez     *** Enter the amount from line 3 above on line 1 of the Qualified Dividends and Capital Gain Tax Worksheet (or Worksheet 4-1 in this chapter) or the Schedule D Tax Worksheet, whichever worksheet you use to figure the tax on line 4 above. Fill out 1040ez Complete that worksheet through line 6 (line 10 if you use the Schedule D Tax Worksheet). Fill out 1040ez Next, determine if you have a capital gain excess. Fill out 1040ez     Figuring capital gain excess. Fill out 1040ez To find out if you have a capital gain excess for the appropriate period, subtract line 11 of Schedule AI from line 6 of Worksheet 4-1 or your Qualified Dividends and Capital Gain Tax Worksheet (line 10 of your Schedule D Tax Worksheet). Fill out 1040ez If the result is more than zero, that amount is your capital gain excess. Fill out 1040ez     No capital gain excess. Fill out 1040ez If you do not have a capital gain excess, complete the rest of Worksheet 4-1, Qualified Dividends and Capital Gain Tax Worksheet, or the Schedule D Tax Worksheet according to the worksheet's instructions. Fill out 1040ez Then complete lines 5 and 6 above. Fill out 1040ez     Capital gain excess. Fill out 1040ez If you have a capital gain excess, complete a second Worksheet 4-1, Qualified Dividends and Capital Gain Tax Worksheet, or Schedule D Tax Worksheet (whichever applies) as instructed above but in its entirety and with the following additional modifications. Fill out 1040ez Then complete lines 5 and 6 above. Fill out 1040ez     Make the modifications below only for purposes of filling out Worksheet 4-2 above. Fill out 1040ez     a. Fill out 1040ez Reduce (but not below zero) the amount you otherwise would enter on line 3 of your Worksheet 4-1, line 3 of your Qualified Dividends and Capital Gain Tax Worksheet, or line 9 of your Schedule D Tax Worksheet by your capital gain excess. Fill out 1040ez     b. Fill out 1040ez Reduce (but not below zero) the amount you otherwise would enter on line 2 of your Worksheet 4-1, line 2 of your Qualified Dividends and Capital Gain Tax Worksheet, or line 6 of your Schedule D Tax Worksheet by any of your capital gain excess not used in (a) above. Fill out 1040ez     c. Fill out 1040ez Reduce (but not below zero) the amount on your Schedule D (Form 1040), line 18, by your capital gain excess. Fill out 1040ez     d. Fill out 1040ez Include your capital gain excess as a loss on line 16 of your Unrecaptured Section 1250 Gain Worksheet in the 2013 Instructions for Schedule D (Form 1040). Fill out 1040ez   Prev  Up  Next   Home   More Online Publications