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Free federal tax forms Publication 504 - Introductory Material Table of Contents Future Developments Reminders IntroductionOrdering forms and publications. Free federal tax forms Tax questions. Free federal tax forms Useful Items - You may want to see: Future Developments For the latest information about developments related to Publication 504, such as legislation enacted after this publication was published, go to www. Free federal tax forms irs. Free federal tax forms gov/pub504. Free federal tax forms Reminders Relief from joint liability. Free federal tax forms  In some cases, one spouse may be relieved of joint liability for tax, interest, and penalties on a joint tax return. Free federal tax forms For more information, see Relief from joint liability under Married Filing Jointly. Free federal tax forms Social security numbers for dependents. Free federal tax forms  You must include on your tax return the taxpayer identification number (generally the social security number) of every person for whom you claim an exemption. Free federal tax forms See Exemptions for Dependents under Exemptions, later. Free federal tax forms Individual taxpayer identification number (ITIN). Free federal tax forms  The IRS will issue an ITIN to a nonresident or resident alien who does not have and is not eligible to get a social security number (SSN). Free federal tax forms To apply for an ITIN, file Form W-7, Application for IRS Individual Taxpayer Identification Number, with the IRS. Free federal tax forms It takes about 6 to 10 weeks to get an ITIN. Free federal tax forms The ITIN is entered wherever an SSN is requested on a tax return. Free federal tax forms If you are required to include another person's SSN on your return and that person does not have and cannot get an SSN, enter that person's ITIN. Free federal tax forms Change of address. Free federal tax forms  If you change your mailing address, be sure to notify the Internal Revenue Service. Free federal tax forms You can use Form 8822, Change of Address. Free federal tax forms Mail it to the Internal Revenue Service Center for your old address. Free federal tax forms (Addresses for the Service Centers are on the back of the form. Free federal tax forms ) Change of name. Free federal tax forms  If you change your name, be sure to notify the Social Security Administration using Form SS-5, Application for a Social Security Card. Free federal tax forms Change of withholding. Free federal tax forms  If you have been claiming a withholding exemption for your spouse, and you divorce or legally separate, you must give your employer a new Form W-4, Employee's Withholding Allowance Certificate, within 10 days after the divorce or separation showing the correct number of exemptions. Free federal tax forms Photographs of missing children. Free federal tax forms  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Free federal tax forms Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Free federal tax forms 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. Free federal tax forms Introduction This publication explains tax rules that apply if you are divorced or separated from your spouse. Free federal tax forms It covers general filing information and can help you choose your filing status. Free federal tax forms It also can help you decide which exemptions you are entitled to claim, including exemptions for dependents. Free federal tax forms The publication also discusses payments and transfers of property that often occur as a result of divorce and how you must treat them on your tax return. Free federal tax forms Examples include alimony, child support, other court-ordered payments, property settlements, and transfers of individual retirement arrangements. Free federal tax forms In addition, this publication also explains deductions allowed for some of the costs of obtaining a divorce and how to handle tax withholding and estimated tax payments. Free federal tax forms The last part of the publication explains special rules that may apply to persons who live in community property states. Free federal tax forms Comments and suggestions. Free federal tax forms   We welcome your comments about this publication and your suggestions for future editions. Free federal tax forms   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Free federal tax forms NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Free federal tax forms Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Free federal tax forms   You can send your comments from www. Free federal tax forms irs. Free federal tax forms gov/formspubs/. Free federal tax forms Click on “More Information. Free federal tax forms ”and then on “Comment on Tax Forms and Publications”. Free federal tax forms   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. Free federal tax forms Ordering forms and publications. Free federal tax forms   Visit www. Free federal tax forms irs. Free federal tax forms gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Free federal tax forms Internal Revenue Service 1201 N. Free federal tax forms Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Free federal tax forms   If you have a tax question, check the information available on IRS. Free federal tax forms gov or call 1-800-829-1040. Free federal tax forms We cannot answer tax questions sent to either of the above addresses. Free federal tax forms Useful Items - You may want to see: Publications 501 Exemptions, Standard Deduction, and Filing Information 544 Sales and Other Dispositions of Assets 555 Community Property 590 Individual Retirement Arrangements (IRAs) 971 Innocent Spouse Relief Form (and Instructions) 8332 Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent 8379 Injured Spouse Allocation 8857 Request for Innocent Spouse Relief See How To Get Tax Help near the end of this publication for information about getting publications and forms. Free federal tax forms Prev  Up  Next   Home   More Online Publications
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Free federal tax forms 10. Free federal tax forms   Self-Employment (SE) Tax Table of Contents Who Must Pay SE Tax?Special Rules and Exceptions Figuring Earnings Subject to SE Tax Farm Optional Method Using Both Optional Methods Reporting Self-Employment Tax The SE tax rules apply no matter how old you are and even if you are already receiving social security and Medicare benefits. Free federal tax forms Who Must Pay SE Tax? Generally, you must pay SE tax and file Schedule SE (Form 1040) if your net earnings from self-employment were $400 or more. Free federal tax forms Use Schedule SE to figure net earnings from self-employment. Free federal tax forms Sole proprietor or independent contractor. Free federal tax forms   If you are self-employed as a sole proprietor or independent contractor, you generally use Schedule C or C-EZ (Form 1040) to figure your earnings subject to SE tax. Free federal tax forms SE tax rate. Free federal tax forms    For 2013, the SE tax rate on net earnings is 15. Free federal tax forms 3% (12. Free federal tax forms 4% social security tax plus 2. Free federal tax forms 9% Medicare tax). Free federal tax forms Maximum earnings subject to self-employment tax. Free federal tax forms    Only the first $113,700 of your combined wages, tips, and net earnings in 2013 is subject to any combination of the 12. Free federal tax forms 4% social security part of SE tax, social security tax, or railroad retirement (tier 1) tax. Free federal tax forms   All of your combined wages, tips, and net earnings in 2013 are subject to any combination of the 2. Free federal tax forms 9% Medicare part of SE tax, social security tax, or railroad retirement (tier 1) tax. Free federal tax forms   If your wages and tips are subject to either social security or railroad retirement (tier 1) tax, or both, and total at least $113,700, do not pay the 12. Free federal tax forms 4% social security part of the SE tax on any of your net earnings. Free federal tax forms However, you must pay the 2. Free federal tax forms 9% Medicare part of the SE tax on all your net earnings. Free federal tax forms Special Rules and Exceptions Aliens. Free federal tax forms   Generally, resident aliens must pay self-employment tax under the same rules that apply to U. Free federal tax forms S. Free federal tax forms citizens. Free federal tax forms Nonresident aliens are not subject to SE tax unless an international social security agreement in effect determines that they are covered under the U. Free federal tax forms S. Free federal tax forms social security system. Free federal tax forms However, residents of the Virgin Islands, Puerto Rico, Guam, the Commonwealth of the Northern Mariana Islands, or American Samoa are subject to self-employment tax, as they are considered U. Free federal tax forms S. Free federal tax forms residents for self-employment tax purposes. Free federal tax forms For more information on aliens, see Publication 519, U. Free federal tax forms S. Free federal tax forms Tax Guide for Aliens. Free federal tax forms Child employed by parent. Free federal tax forms   You are not subject to SE tax if you are under age 18 and you are working for your father or mother. Free federal tax forms Church employee. Free federal tax forms    If you work for a church or a qualified church-controlled organization (other than as a minister or member of a religious order) that elected an exemption from social security and Medicare taxes, you are subject to SE tax if you receive $108. Free federal tax forms 28 or more in wages from the church or organization. Free federal tax forms For more information, see Publication 517, Social Security and Other Information for Members of the Clergy and Religious Workers. Free federal tax forms Fishing crew member. Free federal tax forms   If you are a member of the crew on a boat that catches fish or other water life, your earnings are subject to SE tax if all the following conditions apply. Free federal tax forms You do not get any pay for the work except your share of the catch or a share of the proceeds from the sale of the catch, unless the pay meets all the following conditions. Free federal tax forms The pay is not more than $100 per trip. Free federal tax forms The pay is received only if there is a minimum catch. Free federal tax forms The pay is solely for additional duties (such as mate, engineer, or cook) for which additional cash pay is traditional in the fishing industry. Free federal tax forms You get a share of the catch or a share of the proceeds from the sale of the catch. Free federal tax forms Your share depends on the amount of the catch. Free federal tax forms The boat's operating crew normally numbers fewer than 10 individuals. Free federal tax forms (An operating crew is considered as normally made up of fewer than 10 if the average size of the crew on trips made during the last four calendar quarters is fewer than 10. Free federal tax forms ) Notary public. Free federal tax forms   Fees you receive for services you perform as a notary public are reported on Schedule C or C-EZ but are not subject to self-employment tax (see the Instructions for Schedule SE (Form 1040)). Free federal tax forms State or local government employee. Free federal tax forms   You are subject to SE tax if you are an employee of a state or local government, are paid solely on a fee basis, and your services are not covered under a federal-state social security agreement. Free federal tax forms Foreign government or international organization employee. Free federal tax forms   You are subject to SE tax if both the following conditions are true. Free federal tax forms You are a U. Free federal tax forms S. Free federal tax forms citizen employed in the United States, Puerto Rico, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, or the Virgin Islands by: A foreign government, A wholly-owned agency of a foreign government, or An international organization. Free federal tax forms Your employer is not required to withhold social security and Medicare taxes from your wages. Free federal tax forms U. Free federal tax forms S. Free federal tax forms citizen or resident alien residing abroad. Free federal tax forms    If you are a self-employed U. Free federal tax forms S. Free federal tax forms citizen or resident alien living outside the United States, in most cases you must pay SE tax. Free federal tax forms Do not reduce your foreign earnings from self-employment by your foreign earned income exclusion. Free federal tax forms Exception. Free federal tax forms    The United States has social security agreements with many countries to eliminate double taxation under two social security systems. Free federal tax forms Under these agreements, you generally must only pay social security and Medicare taxes to the country in which you live. Free federal tax forms The country to which you must pay the tax will issue a certificate which serves as proof of exemption from social security tax in the other country. Free federal tax forms   For more information, see the Instructions for Schedule SE (Form 1040). Free federal tax forms More Than One Business If you have earnings subject to SE tax from more than one trade, business, or profession, you must combine the net profit (or loss) from each to determine your total earnings subject to SE tax. Free federal tax forms A loss from one business reduces your profit from another business. Free federal tax forms Community Property Income If any of the income from a trade or business, other than a partnership, is community property income under state law, it is included in the earnings subject to SE tax of the spouse carrying on the trade or business. Free federal tax forms Gain or Loss Do not include in earnings subject to SE tax a gain or loss from the disposition of property that is neither stock in trade nor held primarily for sale to customers. Free federal tax forms It does not matter whether the disposition is a sale, exchange, or an involuntary conversion. Free federal tax forms Lost Income Payments If you are self-employed and reduce or stop your business activities, any payment you receive from insurance or other sources for the lost business income is included in earnings subject to SE tax. Free federal tax forms If you are not working when you receive the payment, it still relates to your business and is included in earnings subject to SE tax, even though your business is temporarily inactive. Free federal tax forms Figuring Earnings Subject to SE Tax Methods for Figuring Net Earnings There are three ways to figure your net earnings from self-employment. Free federal tax forms The regular method. Free federal tax forms The nonfarm optional method. Free federal tax forms The farm optional method. Free federal tax forms You must use the regular method unless you are eligible to use one or both of the optional methods. Free federal tax forms Why use an optional method?    You may want to use the optional methods (discussed later) when you have a loss or a small net profit and any one of the following applies. Free federal tax forms You want to receive credit for social security benefit coverage. Free federal tax forms You incurred child or dependent care expenses for which you could claim a credit. Free federal tax forms (An optional method may increase your earned income, which could increase your credit. Free federal tax forms ) You are entitled to the earned income credit. Free federal tax forms (An optional method may increase your earned income, which could increase your credit. Free federal tax forms ) You are entitled to the additional child tax credit. Free federal tax forms (An optional method may increase your earned income, which could increase your credit. Free federal tax forms ) Effects of using an optional method. Free federal tax forms   Using an optional method could increase your SE tax. Free federal tax forms Paying more SE tax could result in your getting higher benefits when you retire. Free federal tax forms   If you use either or both optional methods, you must figure and pay the SE tax due under these methods even if you would have had a smaller tax or no tax using the regular method. Free federal tax forms   The optional methods may be used only to figure your SE tax. Free federal tax forms To figure your income tax, include your actual earnings in gross income, regardless of which method you use to determine SE tax. Free federal tax forms Regular Method Multiply your total earnings subject to SE tax by 92. Free federal tax forms 35% (. Free federal tax forms 9235) to get your net earnings under the regular method. Free federal tax forms See Short Schedule SE, line 4, or Long Schedule SE, line 4a. Free federal tax forms Net earnings figured using the regular method are also called actual net earnings. Free federal tax forms Nonfarm Optional Method Use the nonfarm optional method only for earnings that do not come from farming. Free federal tax forms You may use this method if you meet all the following tests. Free federal tax forms You are self-employed on a regular basis. Free federal tax forms This means that your actual net earnings from self-employment were $400 or more in at least 2 of the 3 tax years before the one for which you use this method. Free federal tax forms The net earnings can be from either farm or nonfarm earnings or both. Free federal tax forms You have used this method less than 5 years. Free federal tax forms (There is a 5-year lifetime limit. Free federal tax forms ) The years do not have to be one after another. Free federal tax forms Your net nonfarm profits were: Less than $5,024, and Less than 72. Free federal tax forms 189% of your gross nonfarm income. Free federal tax forms Net nonfarm profits. Free federal tax forms   Net nonfarm profit generally is the total of the amounts from: Line 31, Schedule C (Form 1040), Line 3, Schedule C-EZ (Form 1040), Box 14, code A, Schedule K-1 (Form 1065) (from nonfarm partnerships), and Box 9, code J1, Schedule K-1 (Form 1065-B). Free federal tax forms   However, you may need to adjust the amount reported on Schedule K-1 if you are a general partner or if it is a loss. Free federal tax forms Gross nonfarm income. Free federal tax forms   Your gross nonfarm income generally is the total of the amounts from: Line 7, Schedule C (Form 1040), Line 1, Schedule C-EZ (Form 1040), Box 14, code C, Schedule K-1 (Form 1065) (from nonfarm partnerships), and Box 9, code J2, Schedule K-1 (Form 1065-B). Free federal tax forms Figuring Nonfarm Net Earnings If you meet the three tests explained earlier, use the following table to figure your net earnings from self-employment under the nonfarm optional method. Free federal tax forms Table 10-1. Free federal tax forms Figuring Nonfarm Net Earnings IF your gross nonfarm income is. Free federal tax forms . Free federal tax forms . Free federal tax forms THEN your net earnings are equal to. Free federal tax forms . Free federal tax forms . Free federal tax forms $6,960 or less Two-thirds of your gross nonfarm income. Free federal tax forms More than $6,960 $4,640 Actual net earnings. Free federal tax forms   Your actual net earnings are 92. Free federal tax forms 35% of your total earnings subject to SE tax (that is, multiply total earnings subject to SE tax by 92. Free federal tax forms 35% (. Free federal tax forms 9235) to get actual net earnings). Free federal tax forms Actual net earnings are equivalent to net earnings figured using the regular method. Free federal tax forms Optional net earnings less than actual net earnings. Free federal tax forms   You cannot use this method to report an amount less than your actual net earnings from self-employment. Free federal tax forms Gross nonfarm income of $6,960 or less. Free federal tax forms   The following examples illustrate how to figure net earnings when gross nonfarm income is $6,960 or less. Free federal tax forms Example 1. Free federal tax forms Net nonfarm profit less than $5,024 and less than 72. Free federal tax forms 189% of gross nonfarm income. Free federal tax forms Ann Green runs a craft business. Free federal tax forms Her actual net earnings from self-employment were $800 in 2011 and $900 in 2012. Free federal tax forms She meets the test for being self-employed on a regular basis. Free federal tax forms She has used the nonfarm optional method less than 5 years. Free federal tax forms Her gross income and net profit in 2013 are as follows: Gross nonfarm income $5,400 Net nonfarm profit $1,200 Ann's actual net earnings for 2013 are $1,108 ($1,200 × . Free federal tax forms 9235). Free federal tax forms Because her net profit is less than $5,024 and less than 72. Free federal tax forms 189% of her gross income, she can use the nonfarm optional method to figure net earnings of $3,600 (2/3 × $5,400). Free federal tax forms Because these net earnings are higher than her actual net earnings, she can report net earnings of $3,600 for 2013. Free federal tax forms Example 2. Free federal tax forms Net nonfarm profit less than $5,024 but not less than 72. Free federal tax forms 189% of gross nonfarm income. Free federal tax forms Assume that in Example 1 Ann's gross income is $1,000 and her net profit is $800. Free federal tax forms She must use the regular method to figure her net earnings. Free federal tax forms She cannot use the nonfarm optional method because her net profit is not less than 72. Free federal tax forms 189% of her gross income. Free federal tax forms Example 3. Free federal tax forms Net loss from a nonfarm business. Free federal tax forms Assume that in Example 1 Ann has a net loss of $700. Free federal tax forms She can use the nonfarm optional method and report $3,600 (2/3 × $5,400) as her net earnings. Free federal tax forms Example 4. Free federal tax forms Nonfarm net earnings less than $400. Free federal tax forms Assume that in Example 1 Ann has gross income of $525 and a net profit of $175. Free federal tax forms In this situation, she would not pay any SE tax under either the regular method or the nonfarm optional method because her net earnings under both methods are less than $400. Free federal tax forms Gross nonfarm income of more than $6,960. Free federal tax forms   The following examples illustrate how to figure net earnings when gross nonfarm income is more than $6,960. Free federal tax forms Example 1. Free federal tax forms Net nonfarm profit less than $5,024 and less than 72. Free federal tax forms 189% of gross nonfarm income. Free federal tax forms John White runs an appliance repair shop. Free federal tax forms His actual net earnings from self-employment were $10,500 in 2011 and $9,500 in 2012. Free federal tax forms He meets the test for being self-employed on a regular basis. Free federal tax forms He has used the nonfarm optional method less than 5 years. Free federal tax forms His gross income and net profit in 2013 are as follows: Gross nonfarm income $12,000 Net nonfarm profit $1,200 John's actual net earnings for 2013 are $1,108 ($1,200 × . Free federal tax forms 9235). Free federal tax forms Because his net profit is less than $5,024 and less than 72. Free federal tax forms 189% of his gross income, he can use the nonfarm optional method to figure net earnings of $4,640. Free federal tax forms Because these net earnings are higher than his actual net earnings, he can report net earnings of $4,640 for 2013. Free federal tax forms Example 2. Free federal tax forms Net nonfarm profit not less than $5,024. Free federal tax forms Assume that in Example 1 John's net profit is $5,400. Free federal tax forms He must use the regular method. Free federal tax forms He cannot use the nonfarm optional method because his net nonfarm profit is not less than $5,024. Free federal tax forms Example 3. Free federal tax forms Net loss from a nonfarm business. Free federal tax forms Assume that in Example 1 John has a net loss of $700. Free federal tax forms He can use the nonfarm optional method and report $4,640 as his net earnings from self-employment. Free federal tax forms Farm Optional Method Use the farm optional method only for earnings from a farming business. Free federal tax forms See Publication 225 for information about this method. Free federal tax forms Using Both Optional Methods If you have both farm and nonfarm earnings, you may be able to use both optional methods to determine your net earnings from self-employment. Free federal tax forms To figure your net earnings using both optional methods, you must: Figure your farm and nonfarm net earnings separately under each method. Free federal tax forms Do not combine farm earnings with nonfarm earnings to figure your net earnings under either method. Free federal tax forms Add the net earnings figured under each method to arrive at your total net earnings from self-employment. Free federal tax forms You can report less than your total actual farm and nonfarm net earnings but not less than actual nonfarm net earnings. Free federal tax forms If you use both optional methods, you can report no more than $4,640 as your combined net earnings from self-employment. Free federal tax forms Example. Free federal tax forms You are a self-employed farmer. Free federal tax forms You also operate a retail grocery store. Free federal tax forms Your gross income, actual net earnings from self-employment, and optional farm and optional nonfarm net earnings from self-employment are shown in Table 10-2. Free federal tax forms Table 10-2. Free federal tax forms Example—Farm and Nonfarm Earnings Income and Earnings Farm Nonfarm Gross income $3,000 $6,000 Actual net earnings $900 $500 Optional net earnings (2/3 of gross income) $2,000 $4,000 Table 10-3 shows four methods or combinations of methods you can use to figure net earnings from self-employment using the farm and nonfarm gross income and actual net earnings shown in Table 10-2. Free federal tax forms Method 1. Free federal tax forms Using the regular method for both farm and nonfarm income. Free federal tax forms Method 2. Free federal tax forms Using the optional method for farm income and the regular method for nonfarm income. Free federal tax forms Method 3. Free federal tax forms Using the regular method for farm income and the optional method for nonfarm income. Free federal tax forms Method 4. Free federal tax forms Using the optional method for both farm and nonfarm income. Free federal tax forms Note. Free federal tax forms Actual net earnings is the same as net earnings figured using the regular method. Free federal tax forms Table 10-3. Free federal tax forms Example—Net Earnings Net Earnings 1 2 3 4 Actual  farm $ 900   $ 900   Optional  farm   $ 2,000   $ 2,000 Actual nonfarm $ 500 $ 500     Optional nonfarm     $4,000 $4,000 Amount you can report: $1,400 $2,500 $4,900 $4,640* *Limited to $4,640 because you used both optional methods. Free federal tax forms Fiscal Year Filer If you use a tax year other than the calendar year, you must use the tax rate and maximum earnings limit in effect at the beginning of your tax year. Free federal tax forms Even if the tax rate or maximum earnings limit changes during your tax year, continue to use the same rate and limit throughout your tax year. Free federal tax forms Reporting Self-Employment Tax Use Schedule SE (Form 1040) to figure and report your SE tax. Free federal tax forms Then enter the SE tax on line 56 of Form 1040 and attach Schedule SE to Form 1040. Free federal tax forms Most taxpayers can use Section A—Short Schedule SE to figure their SE tax. Free federal tax forms However, certain taxpayers must use Section B—Long Schedule SE. Free federal tax forms If you have to pay SE tax, you must file Form 1040 (with Schedule SE attached) even if you do not otherwise have to file a federal income tax return. Free federal tax forms Joint return. Free federal tax forms   Even if you file a joint return, you cannot file a joint Schedule SE. Free federal tax forms This is true whether one spouse or both spouses have earnings subject to SE tax. Free federal tax forms If both of you have earnings subject to SE tax, each of you must complete a separate Schedule SE. Free federal tax forms However, if one spouse uses the Short Schedule SE and the other spouse has to use the Long Schedule SE, both can use the same form. Free federal tax forms Attach both schedules to the joint return. Free federal tax forms More than one business. Free federal tax forms   If you have more than one trade or business, you must combine the net profit (or loss) from each business to figure your SE tax. Free federal tax forms A loss from one business will reduce your profit from another business. Free federal tax forms File one Schedule SE showing the earnings from self-employment, but file a separate Schedule C, C-EZ, or F for each business. Free federal tax forms Example. Free federal tax forms You are the sole proprietor of two separate businesses. Free federal tax forms You operate a restaurant that made a net profit of $25,000. Free federal tax forms You also have a cabinetmaking business that had a net loss of $500. Free federal tax forms You must file a Schedule C for the restaurant showing your net profit of $25,000 and another Schedule C for the cabinetmaking business showing your net loss of $500. Free federal tax forms You file Schedule SE showing total earnings subject to SE tax of $24,500. Free federal tax forms Prev  Up  Next   Home   More Online Publications