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How To Amend A Tax Return 2011

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How To Amend A Tax Return 2011

How to amend a tax return 2011 10. How to amend a tax return 2011   Retirement Plans, Pensions, and Annuities Table of Contents What's New Reminder IntroductionThe General Rule. How to amend a tax return 2011 Individual retirement arrangements (IRAs). How to amend a tax return 2011 Civil service retirement benefits. How to amend a tax return 2011 Useful Items - You may want to see: General InformationIn-plan rollovers to designated Roth accounts. How to amend a tax return 2011 How To Report Cost (Investment in the Contract) Taxation of Periodic PaymentsExclusion limited to cost. How to amend a tax return 2011 Exclusion not limited to cost. How to amend a tax return 2011 Simplified Method Taxation of Nonperiodic PaymentsLump-Sum Distributions RolloversIn-plan rollovers to designated Roth accounts. How to amend a tax return 2011 Special Additional TaxesTax on Early Distributions Tax on Excess Accumulation Survivors and Beneficiaries What's New For purposes of the Net Investment Income Tax (NIIT), net investment income does not include distributions from a qualified retirement plan (for example, 401(a), 403(a), 403(b), 408, 408A, or 457(b) plans). How to amend a tax return 2011 However, these distributions are taken into account when determining the modified adjusted gross income threshold. How to amend a tax return 2011 Distributions from a nonqualified retirement plan are included in net investment income. How to amend a tax return 2011 See Form 8960, Net Investment Income Tax - Individuals, Estates, and Trusts, and its instructions for more information. How to amend a tax return 2011 Reminder Starting in 2013, the American Taxpayer Relief Act of 2012 expanded the rules for in-plan Roth rollovers to include more taxpayers. How to amend a tax return 2011 For more information, see Designated Roth accounts discussed later. How to amend a tax return 2011 Introduction This chapter discusses the tax treatment of distributions you receive from: An employee pension or annuity from a qualified plan, A disability retirement, and A purchased commercial annuity. How to amend a tax return 2011 What is not covered in this chapter. How to amend a tax return 2011   The following topics are not discussed in this chapter. How to amend a tax return 2011 The General Rule. How to amend a tax return 2011   This is the method generally used to determine the tax treatment of pension and annuity income from nonqualified plans (including commercial annuities). How to amend a tax return 2011 For a qualified plan, you generally cannot use the General Rule unless your annuity starting date is before November 19, 1996. How to amend a tax return 2011 For more information about the General Rule, see Publication 939, General Rule for Pensions and Annuities. How to amend a tax return 2011 Individual retirement arrangements (IRAs). How to amend a tax return 2011   Information on the tax treatment of amounts you receive from an IRA is in chapter 17. How to amend a tax return 2011 Civil service retirement benefits. How to amend a tax return 2011    If you are retired from the federal government (regular, phased, or disability retirement), see Publication 721, Tax Guide to U. How to amend a tax return 2011 S. How to amend a tax return 2011 Civil Service Retirement Benefits. How to amend a tax return 2011 Publication 721 also covers the information that you need if you are the survivor or beneficiary of a federal employee or retiree who died. How to amend a tax return 2011 Useful Items - You may want to see: Publication 575 Pension and Annuity Income 721 Tax Guide to U. How to amend a tax return 2011 S. How to amend a tax return 2011 Civil Service Retirement Benefits 939 General Rule for Pensions and Annuities Form (and Instructions) W-4P Withholding Certificate for Pension or Annuity Payments 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. How to amend a tax return 2011 4972 Tax on Lump-Sum Distributions 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts General Information Designated Roth accounts. How to amend a tax return 2011   A designated Roth account is a separate account created under a qualified Roth contribution program to which participants may elect to have part or all of their elective deferrals to a 401(k), 403(b), or 457(b) plan designated as Roth contributions. How to amend a tax return 2011 Elective deferrals that are designated as Roth contributions are included in your income. How to amend a tax return 2011 However, qualified distributions are not included in your income. How to amend a tax return 2011 See Publication 575 for more information. How to amend a tax return 2011 In-plan rollovers to designated Roth accounts. How to amend a tax return 2011   If you are a participant in a 401(k), 403(b), or 457(b) plan, your plan may permit you to roll over amounts in those plans to a designated Roth account within the same plan. How to amend a tax return 2011 The rollover of any untaxed amounts must be included in income. How to amend a tax return 2011 See Publication 575 for more information. How to amend a tax return 2011 More than one program. How to amend a tax return 2011   If you receive benefits from more than one program under a single trust or plan of your employer, such as a pension plan and a profit-sharing plan, you may have to figure the taxable part of each pension or annuity contract separately. How to amend a tax return 2011 Your former employer or the plan administrator should be able to tell you if you have more than one pension or annuity contract. How to amend a tax return 2011 Section 457 deferred compensation plans. How to amend a tax return 2011    If you work for a state or local government or for a tax-exempt organization, you may be able to participate in a section 457 deferred compensation plan. How to amend a tax return 2011 If your plan is an eligible plan, you are not taxed currently on pay that is deferred under the plan or on any earnings from the plan's investment of the deferred pay. How to amend a tax return 2011 You are generally taxed on amounts deferred in an eligible state or local government plan only when they are distributed from the plan. How to amend a tax return 2011 You are taxed on amounts deferred in an eligible tax-exempt organization plan when they are distributed or otherwise made available to you. How to amend a tax return 2011   Your 457(b) plan may have a designated Roth account option. How to amend a tax return 2011 If so, you may be able to roll over amounts to the designated Roth account or make contributions. How to amend a tax return 2011 Elective deferrals to a designated Roth account are included in your income. How to amend a tax return 2011 Qualified distributions from a designated Roth account are not subject to tax. How to amend a tax return 2011   This chapter covers the tax treatment of benefits under eligible section 457 plans, but it does not cover the treatment of deferrals. How to amend a tax return 2011 For information on deferrals under section 457 plans, see Retirement Plan Contributions under Employee Compensation in Publication 525, Taxable and Nontaxable Income. How to amend a tax return 2011   For general information on these deferred compensation plans, see Section 457 Deferred Compensation Plans in Publication 575. How to amend a tax return 2011 Disability pensions. How to amend a tax return 2011   If you retired on disability, you generally must include in income any disability pension you receive under a plan that is paid for by your employer. How to amend a tax return 2011 You must report your taxable disability payments as wages on line 7 of Form 1040 or Form 1040A until you reach minimum retirement age. How to amend a tax return 2011 Minimum retirement age generally is the age at which you can first receive a pension or annuity if you are not disabled. How to amend a tax return 2011    You may be entitled to a tax credit if you were permanently and totally disabled when you retired. How to amend a tax return 2011 For information on the credit for the elderly or the disabled, see chapter 33. How to amend a tax return 2011   Beginning on the day after you reach minimum retirement age, payments you receive are taxable as a pension or annuity. How to amend a tax return 2011 Report the payments on Form 1040, lines 16a and 16b, or on Form 1040A, lines 12a and 12b. How to amend a tax return 2011    Disability payments for injuries incurred as a direct result of a terrorist attack directed against the United States (or its allies) are not included in income. How to amend a tax return 2011 For more information about payments to survivors of terrorist attacks, see Publication 3920, Tax Relief for Victims of Terrorist Attacks. How to amend a tax return 2011   For more information on how to report disability pensions, including military and certain government disability pensions, see chapter 5. How to amend a tax return 2011 Retired public safety officers. How to amend a tax return 2011   An eligible retired public safety officer can elect to exclude from income distributions of up to $3,000 made directly from a government retirement plan to the provider of accident, health, or long-term disability insurance. How to amend a tax return 2011 See Insurance Premiums for Retired Public Safety Officers in Publication 575 for more information. How to amend a tax return 2011 Railroad retirement benefits. How to amend a tax return 2011   Part of any railroad retirement benefits you receive is treated for tax purposes as social security benefits, and part is treated as an employee pension. How to amend a tax return 2011 For information about railroad retirement benefits treated as social security benefits, see Publication 915, Social Security and Equivalent Railroad Retirement Benefits. How to amend a tax return 2011 For information about railroad retirement benefits treated as an employee pension, see Railroad Retirement Benefits in Publication 575. How to amend a tax return 2011 Withholding and estimated tax. How to amend a tax return 2011   The payer of your pension, profit-sharing, stock bonus, annuity, or deferred compensation plan will withhold income tax on the taxable parts of amounts paid to you. How to amend a tax return 2011 You can tell the payer how much to withhold, or not to withhold, by filing Form W-4P. How to amend a tax return 2011 If you choose not to have tax withheld, or you do not have enough tax withheld, you may have to pay estimated tax. How to amend a tax return 2011   If you receive an eligible rollover distribution, you cannot choose not to have tax withheld. How to amend a tax return 2011 Generally, 20% will be withheld, but no tax will be withheld on a direct rollover of an eligible rollover distribution. How to amend a tax return 2011 See Direct rollover option under Rollovers, later. How to amend a tax return 2011   For more information, see Pensions and Annuities under Tax Withholding for 2014 in chapter 4. How to amend a tax return 2011 Qualified plans for self-employed individuals. How to amend a tax return 2011   Qualified plans set up by self-employed individuals are sometimes called Keogh or H. How to amend a tax return 2011 R. How to amend a tax return 2011 10 plans. How to amend a tax return 2011 Qualified plans can be set up by sole proprietors, partnerships (but not a partner), and corporations. How to amend a tax return 2011 They can cover self-employed persons, such as the sole proprietor or partners, as well as regular (common-law) employees. How to amend a tax return 2011    Distributions from a qualified plan are usually fully taxable because most recipients have no cost basis. How to amend a tax return 2011 If you have an investment (cost) in the plan, however, your pension or annuity payments from a qualified plan are taxed under the Simplified Method. How to amend a tax return 2011 For more information about qualified plans, see Publication 560, Retirement Plans for Small Business. How to amend a tax return 2011 Purchased annuities. How to amend a tax return 2011   If you receive pension or annuity payments from a privately purchased annuity contract from a commercial organization, such as an insurance company, you generally must use the General Rule to figure the tax-free part of each annuity payment. How to amend a tax return 2011 For more information about the General Rule, get Publication 939. How to amend a tax return 2011 Also, see Variable Annuities in Publication 575 for the special provisions that apply to these annuity contracts. How to amend a tax return 2011 Loans. How to amend a tax return 2011   If you borrow money from your retirement plan, you must treat the loan as a nonperiodic distribution from the plan unless certain exceptions apply. How to amend a tax return 2011 This treatment also applies to any loan under a contract purchased under your retirement plan, and to the value of any part of your interest in the plan or contract that you pledge or assign. How to amend a tax return 2011 This means that you must include in income all or part of the amount borrowed. How to amend a tax return 2011 Even if you do not have to treat the loan as a nonperiodic distribution, you may not be able to deduct the interest on the loan in some situations. How to amend a tax return 2011 For details, see Loans Treated as Distributions in Publication 575. How to amend a tax return 2011 For information on the deductibility of interest, see chapter 23. How to amend a tax return 2011 Tax-free exchange. How to amend a tax return 2011   No gain or loss is recognized on an exchange of an annuity contract for another annuity contract if the insured or annuitant remains the same. How to amend a tax return 2011 However, if an annuity contract is exchanged for a life insurance or endowment contract, any gain due to interest accumulated on the contract is ordinary income. How to amend a tax return 2011 See Transfers of Annuity Contracts in Publication 575 for more information about exchanges of annuity contracts. How to amend a tax return 2011 How To Report If you file Form 1040, report your total annuity on line 16a and the taxable part on line 16b. How to amend a tax return 2011 If your pension or annuity is fully taxable, enter it on line 16b; do not make an entry on line 16a. How to amend a tax return 2011 If you file Form 1040A, report your total annuity on line 12a and the taxable part on line 12b. How to amend a tax return 2011 If your pension or annuity is fully taxable, enter it on line 12b; do not make an entry on line 12a. How to amend a tax return 2011 More than one annuity. How to amend a tax return 2011   If you receive more than one annuity and at least one of them is not fully taxable, enter the total amount received from all annuities on Form 1040, line 16a, or Form 1040A, line 12a, and enter the taxable part on Form 1040, line 16b, or Form 1040A, line 12b. How to amend a tax return 2011 If all the annuities you receive are fully taxable, enter the total of all of them on Form 1040, line 16b, or Form 1040A, line 12b. How to amend a tax return 2011 Joint return. How to amend a tax return 2011   If you file a joint return and you and your spouse each receive one or more pensions or annuities, report the total of the pensions and annuities on Form 1040, line 16a, or Form 1040A, line 12a, and report the taxable part on Form 1040, line 16b, or Form 1040A, line 12b. How to amend a tax return 2011 Cost (Investment in the Contract) Before you can figure how much, if any, of a distribution from your pension or annuity plan is taxable, you must determine your cost (your investment in the contract) in the pension or annuity. How to amend a tax return 2011 Your total cost in the plan includes the total premiums, contributions, or other amounts you paid. How to amend a tax return 2011 This includes the amounts your employer contributed that were taxable to you when paid. How to amend a tax return 2011 Cost does not include any amounts you deducted or were excluded from your income. How to amend a tax return 2011 From this total cost, subtract any refunds of premiums, rebates, dividends, unrepaid loans that were not included in your income, or other tax-free amounts that you received by the later of the annuity starting date or the date on which you received your first payment. How to amend a tax return 2011 Your annuity starting date is the later of the first day of the first period for which you received a payment or the date the plan's obligations became fixed. How to amend a tax return 2011 Designated Roth accounts. How to amend a tax return 2011   Your cost in these accounts is your designated Roth contributions that were included in your income as wages subject to applicable withholding requirements. How to amend a tax return 2011 Your cost will also include any in-plan Roth rollovers you included in income. How to amend a tax return 2011 Foreign employment contributions. How to amend a tax return 2011   If you worked in a foreign country and contributions were made to your retirement plan, special rules apply in determining your cost. How to amend a tax return 2011 See Foreign employment contributions under Cost (Investment in the Contract) in Publication 575. How to amend a tax return 2011 Taxation of Periodic Payments Fully taxable payments. How to amend a tax return 2011   Generally, if you did not pay any part of the cost of your employee pension or annuity and your employer did not withhold part of the cost from your pay while you worked, the amounts you receive each year are fully taxable. How to amend a tax return 2011 You must report them on your income tax return. How to amend a tax return 2011 Partly taxable payments. How to amend a tax return 2011   If you paid part of the cost of your pension or annuity, you are not taxed on the part of the pension or annuity you receive that represents a return of your cost. How to amend a tax return 2011 The rest of the amount you receive is generally taxable. How to amend a tax return 2011 You figure the tax-free part of the payment using either the Simplified Method or the General Rule. How to amend a tax return 2011 Your annuity starting date and whether or not your plan is qualified determine which method you must or may use. How to amend a tax return 2011   If your annuity starting date is after November 18, 1996, and your payments are from a qualified plan, you must use the Simplified Method. How to amend a tax return 2011 Generally, you must use the General Rule if your annuity is paid under a nonqualified plan, and you cannot use this method if your annuity is paid under a qualified plan. How to amend a tax return 2011   If you had more than one partly taxable pension or annuity, figure the tax-free part and the taxable part of each separately. How to amend a tax return 2011   If your annuity is paid under a qualified plan and your annuity starting date is after July 1, 1986, and before November 19, 1996, you could have chosen to use either the General Rule or the Simplified Method. How to amend a tax return 2011 Exclusion limit. How to amend a tax return 2011   Your annuity starting date determines the total amount of annuity payments that you can exclude from your taxable income over the years. How to amend a tax return 2011 Once your annuity starting date is determined, it does not change. How to amend a tax return 2011 If you calculate the taxable portion of your annuity payments using the simplified method worksheet, the annuity starting date determines the recovery period for your cost. How to amend a tax return 2011 That recovery period begins on your annuity starting date and is not affected by the date you first complete the worksheet. How to amend a tax return 2011 Exclusion limited to cost. How to amend a tax return 2011   If your annuity starting date is after 1986, the total amount of annuity income that you can exclude over the years as a recovery of the cost cannot exceed your total cost. How to amend a tax return 2011 Any unrecovered cost at your (or the last annuitant's) death is allowed as a miscellaneous itemized deduction on the final return of the decedent. How to amend a tax return 2011 This deduction is not subject to the 2%-of-adjusted-gross-income limit. How to amend a tax return 2011 Exclusion not limited to cost. How to amend a tax return 2011   If your annuity starting date is before 1987, you can continue to take your monthly exclusion for as long as you receive your annuity. How to amend a tax return 2011 If you chose a joint and survivor annuity, your survivor can continue to take the survivor's exclusion figured as of the annuity starting date. How to amend a tax return 2011 The total exclusion may be more than your cost. How to amend a tax return 2011 Simplified Method Under the Simplified Method, you figure the tax-free part of each annuity payment by dividing your cost by the total number of anticipated monthly payments. How to amend a tax return 2011 For an annuity that is payable for the lives of the annuitants, this number is based on the annuitants' ages on the annuity starting date and is determined from a table. How to amend a tax return 2011 For any other annuity, this number is the number of monthly annuity payments under the contract. How to amend a tax return 2011 Who must use the Simplified Method. How to amend a tax return 2011   You must use the Simplified Method if your annuity starting date is after November 18, 1996, and you both: Receive pension or annuity payments from a qualified employee plan, qualified employee annuity, or a tax-sheltered annuity (403(b)) plan, and On your annuity starting date, you were either under age 75, or entitled to less than 5 years of guaranteed payments. How to amend a tax return 2011 Guaranteed payments. How to amend a tax return 2011   Your annuity contract provides guaranteed payments if a minimum number of payments or a minimum amount (for example, the amount of your investment) is payable even if you and any survivor annuitant do not live to receive the minimum. How to amend a tax return 2011 If the minimum amount is less than the total amount of the payments you are to receive, barring death, during the first 5 years after payments begin (figured by ignoring any payment increases), you are entitled to less than 5 years of guaranteed payments. How to amend a tax return 2011 How to use the Simplified Method. How to amend a tax return 2011    Complete the Simplified Method Worksheet in Publication 575 to figure your taxable annuity for 2013. How to amend a tax return 2011 Single-life annuity. How to amend a tax return 2011    If your annuity is payable for your life alone, use Table 1 at the bottom of the worksheet to determine the total number of expected monthly payments. How to amend a tax return 2011 Enter on line 3 the number shown for your age at the annuity starting date. How to amend a tax return 2011 Multiple-lives annuity. How to amend a tax return 2011   If your annuity is payable for the lives of more than one annuitant, use Table 2 at the bottom of the worksheet to determine the total number of expected monthly payments. How to amend a tax return 2011 Enter on line 3 the number shown for the combined ages of you and the youngest survivor annuitant at the annuity starting date. How to amend a tax return 2011   However, if your annuity starting date is before 1998, do not use Table 2 and do not combine the annuitants' ages. How to amend a tax return 2011 Instead you must use Table 1 and enter on line 3 the number shown for the primary annuitant's age on the annuity starting date. How to amend a tax return 2011    Be sure to keep a copy of the completed worksheet; it will help you figure your taxable annuity next year. How to amend a tax return 2011 Example. How to amend a tax return 2011 Bill Smith, age 65, began receiving retirement benefits in 2013, under a joint and survivor annuity. How to amend a tax return 2011 Bill's annuity starting date is January 1, 2013. How to amend a tax return 2011 The benefits are to be paid for the joint lives of Bill and his wife Kathy, age 65. How to amend a tax return 2011 Bill had contributed $31,000 to a qualified plan and had received no distributions before the annuity starting date. How to amend a tax return 2011 Bill is to receive a retirement benefit of $1,200 a month, and Kathy is to receive a monthly survivor benefit of $600 upon Bill's death. How to amend a tax return 2011 Bill must use the Simplified Method to figure his taxable annuity because his payments are from a qualified plan and he is under age 75. How to amend a tax return 2011 Because his annuity is payable over the lives of more than one annuitant, he uses his and Kathy's combined ages and Table 2 at the bottom of the worksheet in completing line 3 of the worksheet. How to amend a tax return 2011 His completed worksheet is shown in Worksheet 10-A. How to amend a tax return 2011 Bill's tax-free monthly amount is $100 ($31,000 ÷ 310) as shown on line 4 of the worksheet. How to amend a tax return 2011 Upon Bill's death, if Bill has not recovered the full $31,000 investment, Kathy will also exclude $100 from her $600 monthly payment. How to amend a tax return 2011 The full amount of any annuity payments received after 310 payments are paid must be included in gross income. How to amend a tax return 2011 If Bill and Kathy die before 310 payments are made, a miscellaneous itemized deduction will be allowed for the unrecovered cost on the final income tax return of the last to die. How to amend a tax return 2011 This deduction is not subject to the 2%-of-adjusted- gross-income limit. How to amend a tax return 2011 Worksheet 10-A. How to amend a tax return 2011 Simplified Method Worksheet for Bill Smith 1. How to amend a tax return 2011 Enter the total pension or annuity payments received this year. How to amend a tax return 2011 Also, add this amount to the total for Form 1040, line 16a, or Form 1040A, line 12a 1. How to amend a tax return 2011 14,400 2. How to amend a tax return 2011 Enter your cost in the plan (contract) at the annuity starting date plus any death benefit exclusion*. How to amend a tax return 2011 See Cost (Investment in the Contract) , earlier 2. How to amend a tax return 2011 31,000       Note: If your annuity starting date was before this year and you completed this worksheet last year, skip line 3 and enter the amount from line 4 of last year's worksheet on line 4 below (even if the amount of your pension or annuity has changed). How to amend a tax return 2011 Otherwise, go to line 3. How to amend a tax return 2011         3. How to amend a tax return 2011 Enter the appropriate number from Table 1 below. How to amend a tax return 2011 But if your annuity starting date was after 1997 and the payments are for your life and that of your beneficiary, enter the appropriate number from Table 2 below 3. How to amend a tax return 2011 310     4. How to amend a tax return 2011 Divide line 2 by the number on line 3 4. How to amend a tax return 2011 100     5. How to amend a tax return 2011 Multiply line 4 by the number of months for which this year's payments were made. How to amend a tax return 2011 If your annuity starting date was before 1987, enter this amount on line 8 below and skip lines 6, 7, 10, and 11. How to amend a tax return 2011 Otherwise, go to line 6 5. How to amend a tax return 2011 1,200     6. How to amend a tax return 2011 Enter any amounts previously recovered tax free in years after 1986. How to amend a tax return 2011 This is the amount shown on line 10 of your worksheet for last year 6. How to amend a tax return 2011 -0-     7. How to amend a tax return 2011 Subtract line 6 from line 2 7. How to amend a tax return 2011 31,000     8. How to amend a tax return 2011 Enter the smaller of line 5 or line 7 8. How to amend a tax return 2011 1,200 9. How to amend a tax return 2011 Taxable amount for year. How to amend a tax return 2011 Subtract line 8 from line 1. How to amend a tax return 2011 Enter the result, but not less than zero. How to amend a tax return 2011 Also, add this amount to the total for Form 1040, line 16b, or Form 1040A, line 12b 9. How to amend a tax return 2011 13,200   Note: If your Form 1099-R shows a larger taxable amount, use the amount figured on this line instead. How to amend a tax return 2011 If you are a retired public safety officer, see Insurance Premiums for Retired Public Safety Officers in Publication 575 before entering an amount on your tax return. How to amend a tax return 2011     10. How to amend a tax return 2011 Was your annuity starting date before 1987? □ Yes. How to amend a tax return 2011 STOP. How to amend a tax return 2011 Do not complete the rest of this worksheet. How to amend a tax return 2011  ☑ No. How to amend a tax return 2011 Add lines 6 and 8. How to amend a tax return 2011 This is the amount you have recovered tax free through 2013. How to amend a tax return 2011 You will need this number if you need to fill out this worksheet next year 10. How to amend a tax return 2011 1,200 11. How to amend a tax return 2011 Balance of cost to be recovered. How to amend a tax return 2011 Subtract line 10 from line 2. How to amend a tax return 2011 If zero, you will not have to complete this worksheet next year. How to amend a tax return 2011 The payments you receive next year will generally be fully taxable 11. How to amend a tax return 2011 29,800 TABLE 1 FOR LINE 3 ABOVE   AND your annuity starting date was— IF the age at annuity starting date was. How to amend a tax return 2011 . How to amend a tax return 2011 . How to amend a tax return 2011 before November 19, 1996, enter on line 3. How to amend a tax return 2011 . How to amend a tax return 2011 . How to amend a tax return 2011 after November 18, 1996, enter on line 3. How to amend a tax return 2011 . How to amend a tax return 2011 . How to amend a tax return 2011 55 or under 300 360 56–60 260 310 61–65 240 260 66–70 170 210 71 or older 120 160 TABLE 2 FOR LINE 3 ABOVE IF the combined ages at annuity starting date were. How to amend a tax return 2011 . How to amend a tax return 2011 . How to amend a tax return 2011   THEN enter on line 3. How to amend a tax return 2011 . How to amend a tax return 2011 . How to amend a tax return 2011 110 or under   410 111–120   360 121–130   310 131–140   260 141 or older   210 * A death benefit exclusion (up to $5,000) applied to certain benefits received by employees who died before August 21, 1996. How to amend a tax return 2011 Who must use the General Rule. How to amend a tax return 2011   You must use the General Rule if you receive pension or annuity payments from: A nonqualified plan (such as a private annuity, a purchased commercial annuity, or a nonqualified employee plan), or A qualified plan if you are age 75 or older on your annuity starting date and your annuity payments are guaranteed for at least 5 years. How to amend a tax return 2011 Annuity starting before November 19, 1996. How to amend a tax return 2011   If your annuity starting date is after July 1, 1986, and before November 19, 1996, you had to use the General Rule for either circumstance just described. How to amend a tax return 2011 You also had to use it for any fixed-period annuity. How to amend a tax return 2011 If you did not have to use the General Rule, you could have chosen to use it. How to amend a tax return 2011 If your annuity starting date is before July 2, 1986, you had to use the General Rule unless you could use the Three-Year Rule. How to amend a tax return 2011   If you had to use the General Rule (or chose to use it), you must continue to use it each year that you recover your cost. How to amend a tax return 2011 Who cannot use the General Rule. How to amend a tax return 2011   You cannot use the General Rule if you receive your pension or annuity from a qualified plan and none of the circumstances described in the preceding discussions apply to you. How to amend a tax return 2011 See Who must use the Simplified Method , earlier. How to amend a tax return 2011 More information. How to amend a tax return 2011   For complete information on using the General Rule, including the actuarial tables you need, see Publication 939. How to amend a tax return 2011 Taxation of Nonperiodic Payments Nonperiodic distributions are also known as amounts not received as an annuity. How to amend a tax return 2011 They include all payments other than periodic payments and corrective distributions. How to amend a tax return 2011 Examples of nonperiodic payments are cash withdrawals, distributions of current earnings, certain loans, and the value of annuity contracts transferred without full and adequate consideration. How to amend a tax return 2011 Corrective distributions of excess plan contributions. How to amend a tax return 2011   Generally, if the contributions made for you during the year to certain retirement plans exceed certain limits, the excess is taxable to you. How to amend a tax return 2011 To correct an excess, your plan may distribute it to you (along with any income earned on the excess). How to amend a tax return 2011 For information on plan contribution limits and how to report corrective distributions of excess contributions, see Retirement Plan Contributions under Employee Compensation in Publication 525. How to amend a tax return 2011 Figuring the taxable amount of nonperiodic payments. How to amend a tax return 2011   How you figure the taxable amount of a nonperiodic distribution depends on whether it is made before the annuity starting date, or on or after the annuity starting date. How to amend a tax return 2011 If it is made before the annuity starting date, its tax treatment also depends on whether it is made under a qualified or nonqualified plan. How to amend a tax return 2011 If it is made under a nonqualified plan, its tax treatment depends on whether it fully discharges the contract, is received under certain life insurance or endowment contracts, or is allocable to an investment you made before August 14, 1982. How to amend a tax return 2011 Annuity starting date. How to amend a tax return 2011   The annuity starting date is either the first day of the first period for which you receive an annuity payment under the contract or the date on which the obligation under the contract becomes fixed, whichever is later. How to amend a tax return 2011 Distribution on or after annuity starting date. How to amend a tax return 2011   If you receive a nonperiodic payment from your annuity contract on or after the annuity starting date, you generally must include all of the payment in gross income. How to amend a tax return 2011 Distribution before annuity starting date. How to amend a tax return 2011   If you receive a nonperiodic distribution before the annuity starting date from a qualified retirement plan, you generally can allocate only part of it to the cost of the contract. How to amend a tax return 2011 You exclude from your gross income the part that you allocate to the cost. How to amend a tax return 2011 You include the remainder in your gross income. How to amend a tax return 2011   If you receive a nonperiodic distribution before the annuity starting date from a plan other than a qualified retirement plan (nonqualified plan), it is allocated first to earnings (the taxable part) and then to the cost of the contract (the tax-free part). How to amend a tax return 2011 This allocation rule applies, for example, to a commercial annuity contract you bought directly from the issuer. How to amend a tax return 2011    Distributions from nonqualified plans are subject to the net investment income tax. How to amend a tax return 2011 See the Instructions for Form 8960. How to amend a tax return 2011   For more information, see Figuring the Taxable Amount under Taxation of Nonperiodic Payments in Publication 575. How to amend a tax return 2011 Lump-Sum Distributions This section on lump-sum distributions only applies if the plan participant was born before January 2, 1936. How to amend a tax return 2011 If the plan participant was born after January 1, 1936, the taxable amount of this nonperiodic payment is reported as discussed earlier. How to amend a tax return 2011 A lump-sum distribution is the distribution or payment in one tax year of a plan participant's entire balance from all of the employer's qualified plans of one kind (for example, pension, profit-sharing, or stock bonus plans). How to amend a tax return 2011 A distribution from a nonqualified plan (such as a privately purchased commercial annuity or a section 457 deferred compensation plan of a state or local government or tax-exempt organization) cannot qualify as a lump-sum distribution. How to amend a tax return 2011 The participant's entire balance from a plan does not include certain forfeited amounts. How to amend a tax return 2011 It also does not include any deductible voluntary employee contributions allowed by the plan after 1981 and before 1987. How to amend a tax return 2011 For more information about distributions that do not qualify as lump-sum distributions, see Distributions that do not qualify under Lump-Sum Distributions in Publication 575. How to amend a tax return 2011 If you receive a lump-sum distribution from a qualified employee plan or qualified employee annuity and the plan participant was born before January 2, 1936, you may be able to elect optional methods of figuring the tax on the distribution. How to amend a tax return 2011 The part from active participation in the plan before 1974 may qualify as capital gain subject to a 20% tax rate. How to amend a tax return 2011 The part from participation after 1973 (and any part from participation before 1974 that you do not report as capital gain) is ordinary income. How to amend a tax return 2011 You may be able to use the 10-year tax option, discussed later, to figure tax on the ordinary income part. How to amend a tax return 2011 Use Form 4972 to figure the separate tax on a lump-sum distribution using the optional methods. How to amend a tax return 2011 The tax figured on Form 4972 is added to the regular tax figured on your other income. How to amend a tax return 2011 This may result in a smaller tax than you would pay by including the taxable amount of the distribution as ordinary income in figuring your regular tax. How to amend a tax return 2011 How to treat the distribution. How to amend a tax return 2011   If you receive a lump-sum distribution, you may have the following options for how you treat the taxable part. How to amend a tax return 2011 Report the part of the distribution from participation before 1974 as a capital gain (if you qualify) and the part from participation after 1973 as ordinary income. How to amend a tax return 2011 Report the part of the distribution from participation before 1974 as a capital gain (if you qualify) and use the 10-year tax option to figure the tax on the part from participation after 1973 (if you qualify). How to amend a tax return 2011 Use the 10-year tax option to figure the tax on the total taxable amount (if you qualify). How to amend a tax return 2011 Roll over all or part of the distribution. How to amend a tax return 2011 See Rollovers , later. How to amend a tax return 2011 No tax is currently due on the part rolled over. How to amend a tax return 2011 Report any part not rolled over as ordinary income. How to amend a tax return 2011 Report the entire taxable part of the distribution as ordinary income on your tax return. How to amend a tax return 2011   The first three options are explained in the following discussions. How to amend a tax return 2011 Electing optional lump-sum treatment. How to amend a tax return 2011   You can choose to use the 10-year tax option or capital gain treatment only once after 1986 for any plan participant. How to amend a tax return 2011 If you make this choice, you cannot use either of these optional treatments for any future distributions for the participant. How to amend a tax return 2011 Taxable and tax-free parts of the distribution. How to amend a tax return 2011    The taxable part of a lump-sum distribution is the employer's contributions and income earned on your account. How to amend a tax return 2011 You may recover your cost in the lump sum and any net unrealized appreciation (NUA) in employer securities tax free. How to amend a tax return 2011 Cost. How to amend a tax return 2011   In general, your cost is the total of: The plan participant's nondeductible contributions to the plan, The plan participant's taxable costs of any life insurance contract distributed, Any employer contributions that were taxable to the plan participant, and Repayments of any loans that were taxable to the plan participant. How to amend a tax return 2011 You must reduce this cost by amounts previously distributed tax free. How to amend a tax return 2011 Net unrealized appreciation (NUA). How to amend a tax return 2011   The NUA in employer securities (box 6 of Form 1099-R) received as part of a lump-sum distribution is generally tax free until you sell or exchange the securities. How to amend a tax return 2011 (For more information, see Distributions of employer securities under Taxation of Nonperiodic Payments in Publication 575. How to amend a tax return 2011 ) Capital Gain Treatment Capital gain treatment applies only to the taxable part of a lump-sum distribution resulting from participation in the plan before 1974. How to amend a tax return 2011 The amount treated as capital gain is taxed at a 20% rate. How to amend a tax return 2011 You can elect this treatment only once for any plan participant, and only if the plan participant was born before January 2, 1936. How to amend a tax return 2011 Complete Part II of Form 4972 to choose the 20% capital gain election. How to amend a tax return 2011 For more information, see Capital Gain Treatment under Lump-Sum Distributions in Publication 575. How to amend a tax return 2011 10-Year Tax Option The 10-year tax option is a special formula used to figure a separate tax on the ordinary income part of a lump-sum distribution. How to amend a tax return 2011 You pay the tax only once, for the year in which you receive the distribution, not over the next 10 years. How to amend a tax return 2011 You can elect this treatment only once for any plan participant, and only if the plan participant was born before January 2, 1936. How to amend a tax return 2011 The ordinary income part of the distribution is the amount shown in box 2a of the Form 1099-R given to you by the payer, minus the amount, if any, shown in box 3. How to amend a tax return 2011 You also can treat the capital gain part of the distribution (box 3 of Form 1099-R) as ordinary income for the 10-year tax option if you do not choose capital gain treatment for that part. How to amend a tax return 2011 Complete Part III of Form 4972 to choose the 10-year tax option. How to amend a tax return 2011 You must use the special Tax Rate Schedule shown in the instructions for Part III to figure the tax. How to amend a tax return 2011 Publication 575 illustrates how to complete Form 4972 to figure the separate tax. How to amend a tax return 2011 Rollovers If you withdraw cash or other assets from a qualified retirement plan in an eligible rollover distribution, you can defer tax on the distribution by rolling it over to another qualified retirement plan or a traditional IRA. How to amend a tax return 2011 For this purpose, the following plans are qualified retirement plans. How to amend a tax return 2011 A qualified employee plan. How to amend a tax return 2011 A qualified employee annuity. How to amend a tax return 2011 A tax-sheltered annuity plan (403(b) plan). How to amend a tax return 2011 An eligible state or local government section 457 deferred compensation plan. How to amend a tax return 2011 Eligible rollover distributions. How to amend a tax return 2011   Generally, an eligible rollover distribution is any distribution of all or any part of the balance to your credit in a qualified retirement plan. How to amend a tax return 2011 For information about exceptions to eligible rollover distributions, see Publication 575. How to amend a tax return 2011 Rollover of nontaxable amounts. How to amend a tax return 2011   You may be able to roll over the nontaxable part of a distribution (such as your after-tax contributions) made to another qualified retirement plan that is a qualified employee plan or a 403(b) plan, or to a traditional or Roth IRA. How to amend a tax return 2011 The transfer must be made either through a direct rollover to a qualified plan or 403(b) plan that separately accounts for the taxable and nontaxable parts of the rollover or through a rollover to a traditional or Roth IRA. How to amend a tax return 2011   If you roll over only part of a distribution that includes both taxable and nontaxable amounts, the amount you roll over is treated as coming first from the taxable part of the distribution. How to amend a tax return 2011   Any after-tax contributions that you roll over into your traditional IRA become part of your basis (cost) in your IRAs. How to amend a tax return 2011 To recover your basis when you take distributions from your IRA, you must complete Form 8606 for the year of the distribution. How to amend a tax return 2011 For more information, see the Form 8606 instructions. How to amend a tax return 2011 Direct rollover option. How to amend a tax return 2011   You can choose to have any part or all of an eligible rollover distribution paid directly to another qualified retirement plan that accepts rollover distributions or to a traditional or Roth IRA. How to amend a tax return 2011 If you choose the direct rollover option, or have an automatic rollover, no tax will be withheld from any part of the distribution that is directly paid to the trustee of the other plan. How to amend a tax return 2011 Payment to you option. How to amend a tax return 2011   If an eligible rollover distribution is paid to you, 20% generally will be withheld for income tax. How to amend a tax return 2011 However, the full amount is treated as distributed to you even though you actually receive only 80%. How to amend a tax return 2011 You generally must include in income any part (including the part withheld) that you do not roll over within 60 days to another qualified retirement plan or to a traditional or Roth IRA. How to amend a tax return 2011 (See Pensions and Annuities under Tax Withholding for 2014 in chapter 4. How to amend a tax return 2011 )    If you decide to roll over an amount equal to the distribution before withholding, your contribution to the new plan or IRA must include other money (for example, from savings or amounts borrowed) to replace the amount withheld. How to amend a tax return 2011 Time for making rollover. How to amend a tax return 2011   You generally must complete the rollover of an eligible rollover distribution paid to you by the 60th day following the day on which you receive the distribution from your employer's plan. How to amend a tax return 2011 (If an amount distributed to you becomes a frozen deposit in a financial institution during the 60-day period after you receive it, the rollover period is extended for the period during which the distribution is in a frozen deposit in a financial institution. How to amend a tax return 2011 )   The IRS may waive the 60-day requirement where the failure to do so would be against equity or good conscience, such as in the event of a casualty, disaster, or other event beyond your reasonable control. How to amend a tax return 2011   The administrator of a qualified plan must give you a written explanation of your distribution options within a reasonable period of time before making an eligible rollover distribution. How to amend a tax return 2011 Qualified domestic relations order (QDRO). How to amend a tax return 2011   You may be able to roll over tax free all or part of a distribution from a qualified retirement plan that you receive under a QDRO. How to amend a tax return 2011 If you receive the distribution as an employee's spouse or former spouse (not as a nonspousal beneficiary), the rollover rules apply to you as if you were the employee. How to amend a tax return 2011 You can roll over the distribution from the plan into a traditional IRA or to another eligible retirement plan. How to amend a tax return 2011 See Rollovers in Publication 575 for more information on benefits received under a QDRO. How to amend a tax return 2011 Rollover by surviving spouse. How to amend a tax return 2011   You may be able to roll over tax free all or part of a distribution from a qualified retirement plan you receive as the surviving spouse of a deceased employee. How to amend a tax return 2011 The rollover rules apply to you as if you were the employee. How to amend a tax return 2011 You can roll over a distribution into a qualified retirement plan or a traditional or Roth IRA. How to amend a tax return 2011 For a rollover to a Roth IRA, see Rollovers to Roth IRAs , later. How to amend a tax return 2011    A distribution paid to a beneficiary other than the employee's surviving spouse is generally not an eligible rollover distribution. How to amend a tax return 2011 However, see Rollovers by nonspouse beneficiary next. How to amend a tax return 2011 Rollovers by nonspouse beneficiary. How to amend a tax return 2011   If you are a designated beneficiary (other than a surviving spouse) of a deceased employee, you may be able to roll over tax free all or a portion of a distribution you receive from an eligible retirement plan of the employee. How to amend a tax return 2011 The distribution must be a direct trustee-to-trustee transfer to your traditional or Roth IRA that was set up to receive the distribution. How to amend a tax return 2011 The transfer will be treated as an eligible rollover distribution and the receiving plan will be treated as an inherited IRA. How to amend a tax return 2011 For information on inherited IRAs, see What if You Inherit an IRA? in chapter 1 of Publication 590, Individual Retirement Arrangements (IRAs). How to amend a tax return 2011 Retirement bonds. How to amend a tax return 2011   If you redeem retirement bonds purchased under a qualified bond purchase plan, you can roll over the proceeds that exceed your basis tax free into an IRA (as discussed in Publication 590) or a qualified employer plan. How to amend a tax return 2011 Designated Roth accounts. How to amend a tax return 2011   You can roll over an eligible rollover distribution from a designated Roth account into another designated Roth account or a Roth IRA. How to amend a tax return 2011 If you want to roll over the part of the distribution that is not included in income, you must make a direct rollover of the entire distribution or you can roll over the entire amount (or any portion) to a Roth IRA. How to amend a tax return 2011 For more information on rollovers from designated Roth accounts, see Rollovers in Publication 575. How to amend a tax return 2011 In-plan rollovers to designated Roth accounts. How to amend a tax return 2011   If you are a plan participant in a 401(k), 403(b), or 457(b) plan, your plan may permit you to roll over amounts in those plans to a designated Roth account within the same plan. How to amend a tax return 2011 The rollover of any untaxed amounts must be included in income. How to amend a tax return 2011 See Designated Roth accounts under Rollovers in Publication 575 for more information. How to amend a tax return 2011 Rollovers to Roth IRAs. How to amend a tax return 2011   You can roll over distributions directly from a qualified retirement plan (other than a designated Roth account) to a Roth IRA. How to amend a tax return 2011   You must include in your gross income distributions from a qualified retirement plan (other than a designated Roth account) that you would have had to include in income if you had not rolled them over into a Roth IRA. How to amend a tax return 2011 You do not include in gross income any part of a distribution from a qualified retirement plan that is a return of contributions to the plan that were taxable to you when paid. How to amend a tax return 2011 In addition, the 10% tax on early distributions does not apply. How to amend a tax return 2011 More information. How to amend a tax return 2011   For more information on the rules for rolling over distributions, see Rollovers in Publication 575. How to amend a tax return 2011 Special Additional Taxes To discourage the use of pension funds for purposes other than normal retirement, the law imposes additional taxes on early distributions of those funds and on failures to withdraw the funds timely. How to amend a tax return 2011 Ordinarily, you will not be subject to these taxes if you roll over all early distributions you receive, as explained earlier, and begin drawing out the funds at a normal retirement age, in reasonable amounts over your life expectancy. How to amend a tax return 2011 These special additional taxes are the taxes on: Early distributions, and Excess accumulation (not receiving minimum distributions). How to amend a tax return 2011 These taxes are discussed in the following sections. How to amend a tax return 2011 If you must pay either of these taxes, report them on Form 5329. How to amend a tax return 2011 However, you do not have to file Form 5329 if you owe only the tax on early distributions and your Form 1099-R correctly shows a “1” in box 7. How to amend a tax return 2011 Instead, enter 10% of the taxable part of the distribution on Form 1040, line 58 and write “No” under the heading “Other Taxes” to the left of line 58. How to amend a tax return 2011 Even if you do not owe any of these taxes, you may have to complete Form 5329 and attach it to your Form 1040. How to amend a tax return 2011 This applies if you meet an exception to the tax on early distributions but box 7 of your Form 1099-R does not indicate an exception. How to amend a tax return 2011 Tax on Early Distributions Most distributions (both periodic and nonperiodic) from qualified retirement plans and nonqualified annuity contracts made to you before you reach age 59½ are subject to an additional tax of 10%. How to amend a tax return 2011 This tax applies to the part of the distribution that you must include in gross income. How to amend a tax return 2011 For this purpose, a qualified retirement plan is: A qualified employee plan, A qualified employee annuity plan, A tax-sheltered annuity plan, or An eligible state or local government section 457 deferred compensation plan (to the extent that any distribution is attributable to amounts the plan received in a direct transfer or rollover from one of the other plans listed here or an IRA). How to amend a tax return 2011 5% rate on certain early distributions from deferred annuity contracts. How to amend a tax return 2011   If an early withdrawal from a deferred annuity is otherwise subject to the 10% additional tax, a 5% rate may apply instead. How to amend a tax return 2011 A 5% rate applies to distributions under a written election providing a specific schedule for the distribution of your interest in the contract if, as of March 1, 1986, you had begun receiving payments under the election. How to amend a tax return 2011 On line 4 of Form 5329, multiply the line 3 amount by 5% instead of 10%. How to amend a tax return 2011 Attach an explanation to your return. How to amend a tax return 2011 Distributions from Roth IRAs allocable to a rollover from an eligible retirement plan within the 5-year period. How to amend a tax return 2011   If, within the 5-year period starting with the first day of your tax year in which you rolled over an amount from an eligible retirement plan to a Roth IRA, you take a distribution from the Roth IRA, you may have to pay the additional 10% tax on early distributions. How to amend a tax return 2011 You generally must pay the 10% additional tax on any amount attributable to the part of the rollover that you had to include in income. How to amend a tax return 2011 The additional tax is figured on Form 5329. How to amend a tax return 2011 For more information, see Form 5329 and its instructions. How to amend a tax return 2011 For information on qualified distributions from Roth IRAs, see Additional Tax on Early Distributions in chapter 2 of Publication 590. How to amend a tax return 2011 Distributions from designated Roth accounts allocable to in-plan Roth rollovers within the 5-year period. How to amend a tax return 2011   If, within the 5-year period starting with the first day of your tax year in which you rolled over an amount from a 401(k), 403(b), or 457(b) plan to a designated Roth account, you take a distribution from the designated Roth account, you may have to pay the additional 10% tax on early distributions. How to amend a tax return 2011 You generally must pay the 10% additional tax on any amount attributable to the part of the in-plan rollover that you had to include in income. How to amend a tax return 2011 The additional tax is figured on Form 5329. How to amend a tax return 2011 For more information, see Form 5329 and its instructions. How to amend a tax return 2011 For information on qualified distributions from designated Roth accounts, see Designated Roth accounts under Taxation of Periodic Payments in Publication 575. How to amend a tax return 2011 Exceptions to tax. How to amend a tax return 2011    Certain early distributions are excepted from the early distribution tax. How to amend a tax return 2011 If the payer knows that an exception applies to your early distribution, distribution code “2,” “3,” or “4” should be shown in box 7 of your Form 1099-R and you do not have to report the distribution on Form 5329. How to amend a tax return 2011 If an exception applies but distribution code “1” (early distribution, no known exception) is shown in box 7, you must file Form 5329. How to amend a tax return 2011 Enter the taxable amount of the distribution shown in box 2a of your Form 1099-R on line 1 of Form 5329. How to amend a tax return 2011 On line 2, enter the amount that can be excluded and the exception number shown in the Form 5329 instructions. How to amend a tax return 2011    If distribution code “1” is incorrectly shown on your Form 1099-R for a distribution received when you were age 59½ or older, include that distribution on Form 5329. How to amend a tax return 2011 Enter exception number “12” on line 2. How to amend a tax return 2011 General exceptions. How to amend a tax return 2011   The tax does not apply to distributions that are: Made as part of a series of substantially equal periodic payments (made at least annually) for your life (or life expectancy) or the joint lives (or joint life expectancies) of you and your designated beneficiary (if from a qualified retirement plan, the payments must begin after your separation from service), Made because you are totally and permanently disabled, or Made on or after the death of the plan participant or contract holder. How to amend a tax return 2011 Additional exceptions for qualified retirement plans. How to amend a tax return 2011   The tax does not apply to distributions that are: From a qualified retirement plan (other than an IRA) after your separation from service in or after the year you reached age 55 (age 50 for qualified public safety employees), From a qualified retirement plan (other than an IRA) to an alternate payee under a qualified domestic relations order, From a qualified retirement plan to the extent you have deductible medical expenses that exceed 10% (or 7. How to amend a tax return 2011 5% if you or your spouse are age 65 or older) of your adjusted gross income, whether or not you itemize your deductions for the year, From an employer plan under a written election that provides a specific schedule for distribution of your entire interest if, as of March 1, 1986, you had separated from service and had begun receiving payments under the election, From an employee stock ownership plan for dividends on employer securities held by the plan, From a qualified retirement plan due to an IRS levy of the plan, From elective deferral accounts under 401(k) or 403(b) plans or similar arrangements that are qualified reservist distributions, or Phased retirement annuity payments made to federal employees. How to amend a tax return 2011 See Pub. How to amend a tax return 2011 721 for more information on the phased retirement program. How to amend a tax return 2011 Qualified public safety employees. How to amend a tax return 2011   If you are a qualified public safety employee, distributions made from a governmental defined benefit pension plan are not subject to the additional tax on early distributions. How to amend a tax return 2011 You are a qualified public safety employee if you provide police protection, firefighting services, or emergency medical services for a state or municipality, and you separated from service in or after the year you attained age 50. How to amend a tax return 2011 Qualified reservist distributions. How to amend a tax return 2011   A qualified reservist distribution is not subject to the additional tax on early distributions. How to amend a tax return 2011 A qualified reservist distribution is a distribution (a) from elective deferrals under a section 401(k) or 403(b) plan, or a similar arrangement, (b) to an individual ordered or called to active duty (because he or she is a member of a reserve component) for a period of more than 179 days or for an indefinite period, and (c) made during the period beginning on the date of the order or call and ending at the close of the active duty period. How to amend a tax return 2011 You must have been ordered or called to active duty after September 11, 2001. How to amend a tax return 2011 For more information, see Qualified reservist distributions under Special Additional Taxes in Publication 575. How to amend a tax return 2011 Additional exceptions for nonqualified annuity contracts. How to amend a tax return 2011   The tax does not apply to distributions from: A deferred annuity contract to the extent allocable to investment in the contract before August 14, 1982, A deferred annuity contract under a qualified personal injury settlement, A deferred annuity contract purchased by your employer upon termination of a qualified employee plan or qualified employee annuity plan and held by your employer until your separation from service, or An immediate annuity contract (a single premium contract providing substantially equal annuity payments that start within 1 year from the date of purchase and are paid at least annually). How to amend a tax return 2011 Tax on Excess Accumulation To make sure that most of your retirement benefits are paid to you during your lifetime, rather than to your beneficiaries after your death, the payments that you receive from qualified retirement plans must begin no later than your required beginning date (defined later). How to amend a tax return 2011 The payments each year cannot be less than the required minimum distribution. How to amend a tax return 2011 Required distributions not made. How to amend a tax return 2011   If the actual distributions to you in any year are less than the minimum required distribution for that year, you are subject to an additional tax. How to amend a tax return 2011 The tax equals 50% of the part of the required minimum distribution that was not distributed. How to amend a tax return 2011   For this purpose, a qualified retirement plan includes: A qualified employee plan, A qualified employee annuity plan, An eligible section 457 deferred compensation plan, or A tax-sheltered annuity plan (403(b) plan)(for benefits accruing after 1986). How to amend a tax return 2011 Waiver. How to amend a tax return 2011   The tax may be waived if you establish that the shortfall in distributions was due to reasonable error and that reasonable steps are being taken to remedy the shortfall. How to amend a tax return 2011 See the Instructions for Form 5329 for the procedure to follow if you believe you qualify for a waiver of this tax. How to amend a tax return 2011 State insurer delinquency proceedings. How to amend a tax return 2011   You might not receive the minimum distribution because assets are invested in a contract issued by an insurance company in state insurer delinquency proceedings. How to amend a tax return 2011 If your payments are reduced below the minimum due to these proceedings, you should contact your plan administrator. How to amend a tax return 2011 Under certain conditions, you will not have to pay the 50% excise tax. How to amend a tax return 2011 Required beginning date. How to amend a tax return 2011   Unless the rule for 5% owners applies, you generally must begin to receive distributions from your qualified retirement plan by April 1 of the year that follows the later of: The calendar year in which you reach age 70½, or The calendar year in which you retire from employment with the employer maintaining the plan. How to amend a tax return 2011 However, your plan may require you to begin to receive distributions by April 1 of the year that follows the year in which you reach age 70½, even if you have not retired. How to amend a tax return 2011   If you reached age 70½ in 2013, you may be required to receive your first distribution by April 1, 2014. How to amend a tax return 2011 Your required distribution then must be made for 2014 by December 31, 2014. How to amend a tax return 2011 5% owners. How to amend a tax return 2011   If you are a 5% owner, you must begin to receive distributions by April 1 of the year that follows the calendar year in which you reach age 70½. How to amend a tax return 2011   You are a 5% owner if, for the plan year ending in the calendar year in which you reach age 70½, you own (or are considered to own under section 318 of the Internal Revenue Code) more than 5% of the outstanding stock (or more than 5% of the total voting power of all stock) of the employer, or more than 5% of the capital or profits interest in the employer. How to amend a tax return 2011 Age 70½. How to amend a tax return 2011   You reach age 70½ on the date that is 6 calendar months after the date of your 70th birthday. How to amend a tax return 2011   For example, if you are retired and your 70th birthday was on June 30, 2013, you were age 70½ on December 30, 2013. How to amend a tax return 2011 If your 70th birthday was on July 1, 2013, you reached age 70½ on January 1, 2014. How to amend a tax return 2011 Required distributions. How to amend a tax return 2011   By the required beginning date, as explained earlier, you must either: Receive your entire interest in the plan (for a tax-sheltered annuity, your entire benefit accruing after 1986), or Begin receiving periodic distributions in annual amounts calculated to distribute your entire interest (for a tax-sheltered annuity, your entire benefit accruing after 1986) over your life or life expectancy or over the joint lives or joint life expectancies of you and a designated beneficiary (or over a shorter period). How to amend a tax return 2011 Additional information. How to amend a tax return 2011   For more information on this rule, see Tax on Excess Accumulation in Publication 575. How to amend a tax return 2011 Form 5329. How to amend a tax return 2011   You must file Form 5329 if you owe tax because you did not receive a minimum required distribution from your qualified retirement plan. How to amend a tax return 2011 Survivors and Beneficiaries Generally, a survivor or beneficiary reports pension or annuity income in the same way the plan participant would have. How to amend a tax return 2011 However, some special rules apply. How to amend a tax return 2011 See Publication 575 for more information. How to amend a tax return 2011 Survivors of employees. How to amend a tax return 2011   If you are entitled to receive a survivor annuity on the death of an employee who died, you can exclude part of each annuity payment as a tax-free recovery of the employee's investment in the contract. How to amend a tax return 2011 You must figure the taxable and tax-free parts of your annuity payments using the method that applies as if you were the employee. How to amend a tax return 2011 Survivors of retirees. How to amend a tax return 2011   If you receive benefits as a survivor under a joint and survivor annuity, include those benefits in income in the same way the retiree would have included them in income. How to amend a tax return 2011 If you receive a survivor annuity because of the death of a retiree who had reported the annuity under the Three-Year Rule and recovered all of the cost tax free, your survivor payments are fully taxable. How to amend a tax return 2011    If the retiree was reporting the annuity payments under the General Rule, you must apply the same exclusion percentage to your initial survivor annuity payment called for in the contract. How to amend a tax return 2011 The resulting tax-free amount will then remain fixed. How to amend a tax return 2011 Any increases in the survivor annuity are fully taxable. How to amend a tax return 2011    If the retiree was reporting the annuity payments under the Simplified Method, the part of each payment that is tax free is the same as the tax-free amount figured by the retiree at the annuity starting date. How to amend a tax return 2011 This amount remains fixed even if the annuity payments are increased or decreased. How to amend a tax return 2011 See Simplified Method , earlier. How to amend a tax return 2011   In any case, if the annuity starting date is after 1986, the total exclusion over the years cannot be more than the cost. How to amend a tax return 2011 Estate tax deduction. How to amend a tax return 2011   If your annuity was a joint and survivor annuity that was included in the decedent's estate, an estate tax may have been paid on it. How to amend a tax return 2011 You can deduct the part of the total estate tax that was based on the annuity. How to amend a tax return 2011 The deceased annuitant must have died after the annuity starting date. How to amend a tax return 2011 (For details, see section 1. How to amend a tax return 2011 691(d)-1 of the regulations. How to amend a tax return 2011 ) Deduct it in equal amounts over your remaining life expectancy. How to amend a tax return 2011   If the decedent died before the annuity starting date of a deferred annuity contract and you receive a death benefit under that contract, the amount you receive (either in a lump sum or as periodic payments) in excess of the decedent's cost is included in your gross income as income in respect of a decedent for which you may be able to claim an estate tax deduction. How to amend a tax return 2011   You can take the estate tax deduction as an itemized deduction on Schedule A, Form 1040. How to amend a tax return 2011 This deduction is not subject to the 2%-of-adjusted-gross-income limit on miscellaneous deductions. How to amend a tax return 2011 See Publication 559, Survivors, Executors, and Administrators, for more information on the estate tax deduction. How to amend a tax return 2011 Prev  Up  Next   Home   More Online Publications
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Principal Reduction Alternative Under the Home Affordable Modification Program

Background


To help distressed homeowners lower their monthly mortgage payments, the U.S. Departments of the Treasury and of Housing and Urban Development established the Home Affordable Modification ProgramSM (HAMPSM) for mortgage loans that are not owned or guaranteed by Fannie Mae or Freddie Mac.

Under HAMP, a participating loan servicer must consider a sequence of modification steps for each eligible homeowner’s mortgage loan until the loan’s monthly payment is reduced to 31 percent of the homeowner’s verified monthly gross (pre-tax) income. Sometimes, a change in the mortgage loan’s interest rate is sufficient to reach the 31–percent target. Sometimes additional modification steps of term extension or forbearance are necessary as well. See the Home Affordable Modification Program (HAMP) page on the MakingHomeAffordable.gov website.

(For mortgage loans that are owned or guaranteed by Fannie Mae or Freddie Mac, eligible homeowners may be offered modifications under related programs also called “HAMP.” Because these related programs do not contain the principal reduction provision that these FAQs address, these FAQs use the term “HAMP” to refer only to the program for mortgage loans that are not owned or guaranteed by Fannie Mae or Freddie Mac.)

Since the last quarter of 2010, if a mortgage loan is being considered for a HAMP modification and if the ratio of the amount owed to the value of the home is greater than 115 percent, then the servicer must consider whether a Principal Reduction AlternativeSM (PRA) principal reduction should be effected as one part of the HAMP modification. See the Principal Reduction Alternative (PRA) page on the MakingHomeAffordable.gov website. 

For HAMP modifications that include a PRA principal reduction, the unpaid principal balance of the modified loan is divided into an interest-bearing principal amount and a non-interest-bearing PRA Forbearance Amount. If the homeowner then achieves a payment history that is sufficiently timely over a three-year period, the entire PRA Forbearance Amount is eventually reduced to zero. 

In connection with every HAMP modification of a loan that is not owned or guaranteed by Fannie Mae or Freddie Mac, to encourage participation in HAMP, the government provides incentives to the investor (that is, the holder of the loan), to the homeowner, and to the servicer. If a HAMP modification of such a mortgage loan includes a PRA principal reduction, the government makes additional incentive payments over three years to the investor. (These additional incentives are called “PRA investor incentive payments.”) The size of the PRA investor incentive payments depends not only on the amount of principal reduced but also on the loan-to-value ratio and the loan’s payment history before the HAMP modification. The PRA investor incentive payments range from 6% to 21% of the principal amount reduced.

For information on tax issues related to the Principal Reduction Alternative, see the questions and answers below.
 


Questions and Answers on Tax Issues Related to the Principal Reduction Alternative


Q1: If the government makes a PRA investor incentive payment to the holder of the mortgage loan, how is that payment analyzed for federal income tax purposes?

A1: The PRA investor incentive payment to the holder is treated as a payment on the loan by the government on behalf of the homeowner. 

Q2: Does a homeowner have income as a result of the government's having paid some of the homeowner’s mortgage loan by making a PRA investor incentive payment to the holder of the loan?

A2: No. This payment by the government on behalf of the homeowner is excludible from the homeowner’s income under the general welfare exclusion. Excluding this amount from the homeowner’s gross income is consistent with the treatment of Pay-for-Performance Success Payments, which are addressed in Revenue Ruling 2009–19

Q3: In a HAMP modification that includes a PRA principal reduction, the holder of the loan reduces the PRA Forbearance Amount by more than the PRA investor incentive payments (which are treated as payments on the loan on behalf of the homeowner). What federal income tax consequences for the homeowner result from that additional reduction by the holder?

A3: To the extent that the reduction in the PRA Forbearance Amount is more than the PRA investor incentive payments, the reduction is from the discharge of indebtedness. The full amount of this discharge of indebtedness is reported to the IRS and the homeowner on Form 1099–C, Cancellation of Debt, regardless of whether the homeowner may exclude any, or all, of it from gross income. See Questions 4 and 5 below for discussion of some exclusions that may apply.

Q4: Does the exclusion for qualified principal residence indebtedness apply to amounts discharged under a PRA principal reduction?

A4: The exclusion for qualified principal residence indebtedness may apply to a discharge of indebtedness under a PRA principal reduction if the amount discharged meets the criteria for qualified principal residence indebtedness. Under current law, this exclusion does not apply to discharges that occur after Dec. 31, 2013. For further discussion of the qualified principal residence exclusion, see the questions and answers on the The Mortgage Forgiveness Debt Relief Act and Debt Cancellation page.
 

Q5: Does the insolvency exclusion apply to amounts discharged under a PRA principal reduction?

A5: The insolvency exclusion may apply to a discharge of indebtedness under a PRA principal reduction to the extent that the taxpayer is insolvent when the discharge occurs. For further discussion of the insolvency exclusion, see page 4 of Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments (for Individuals).

 

Page Last Reviewed or Updated: 06-Feb-2014

The How To Amend A Tax Return 2011

How to amend a tax return 2011 2. How to amend a tax return 2011   Estado Civil para Efectos de la Declaración Table of Contents Qué Hay de Nuevo Introduction Useful Items - You may want to see: Estado CivilPersonas divorciadas. How to amend a tax return 2011 Divorcio y nuevo matrimonio. How to amend a tax return 2011 Matrimonios anulados. How to amend a tax return 2011 Cabeza de familia o viudo que reúne los requisitos con hijo dependiente. How to amend a tax return 2011 Personas consideradas casadas. How to amend a tax return 2011 Matrimonio del mismo sexo. How to amend a tax return 2011 Cónyuge fallecido durante el año. How to amend a tax return 2011 Personas casadas que viven separadas. How to amend a tax return 2011 Soltero Casados que Presentan una Declaración ConjuntaPresentación de una Declaración Conjunta Casados que Presentan la Declaración por SeparadoReglas Especiales Cabeza de FamiliaPersonas Consideradas no Casadas Personas que Mantienen una Vivienda Persona Calificada Viudo que Reúne los Requisitos con Hijo Dependiente Qué Hay de Nuevo Estado civil para efectos de la declaración de parejas del mismo sexo. How to amend a tax return 2011  Si tiene un cónyuge que es del mismo sexo de usted y con quien se casó en un estado (o país extranjero) que reconoce legalmente el matrimonio entre personas del mismo sexo, usted y su cónyuge, por lo general, tendrán que utilizar el estado civil para efectos de la declaración de “casado que presenta una declaración conjunta” o “casado que presenta una declaración por separado” en su declaración de impuestos que corresponde al año 2013, aun si usted y su cónyuge viven ahora en un estado (o país extranjero) que no reconoce legalmente el matrimonio entre personas del mismo sexo. How to amend a tax return 2011 Vea Matrimonio del mismo sexo bajo Estado Civil, más adelante. How to amend a tax return 2011 Introduction Este capítulo le ayuda a determinar qué estado civil debe usar para efectos de la declaración. How to amend a tax return 2011 Hay cinco estados civiles para efectos de la declaración: Soltero. How to amend a tax return 2011 Casado que presenta una declaración conjunta. How to amend a tax return 2011 Casado que presenta una declaración por separado. How to amend a tax return 2011 Cabeza de familia. How to amend a tax return 2011 Viudo que reúne los requisitos con hijo dependiente. How to amend a tax return 2011 Si reúne los requisitos para más de un estado civil, elija el que le permita pagar menos impuestos. How to amend a tax return 2011 Tiene que determinar su estado civil para efectos de la declaración antes de determinar si tiene que presentar una declaración de impuestos (capítulo 1), su deducción estándar (capítulo 20) y su impuesto correcto (capítulo 30). How to amend a tax return 2011 También utilizará el estado civil para determinar si reúne los requisitos o no para reclamar ciertas deducciones y créditos. How to amend a tax return 2011 Useful Items - You may want to see: Publicación 501 Exemptions, Standard Deduction, and Filing Information (Exenciones, deducción estándar e información para la presentación de la declaración), en inglés 519 U. How to amend a tax return 2011 S. How to amend a tax return 2011 Tax Guide for Aliens (Guía sobre los impuestos federales estadounidenses para extranjeros), en inglés 555 Community Property (Bienes gananciales), en inglés Estado Civil Por lo general, su estado civil para efectos de la declaración depende de si a usted se le considera casado o no casado. How to amend a tax return 2011 Personas no casadas. How to amend a tax return 2011   Se le considera no casado durante todo el año si, en el último día de su año tributario, usted no está casado o está legalmente separado de su cónyuge por decreto de divorcio o de manutención por separación. How to amend a tax return 2011 La ley estatal es la que rige al determinar si está casado o legalmente separado por decreto de divorcio o de manutención por separación. How to amend a tax return 2011 Personas divorciadas. How to amend a tax return 2011   Si está divorciado por decreto final de divorcio para el último día del año, a usted se le considera no casado por todo el año. How to amend a tax return 2011 Divorcio y nuevo matrimonio. How to amend a tax return 2011   Si se divorcian con el fin exclusivo de presentar declaraciones de impuestos como no casados y en el momento de efectuarse el divorcio usted y su cónyuge tienen la intención de volverse a casar, y así lo hicieron en el año tributario siguiente, usted y su cónyuge están obligados a presentar la declaración como casados en los dos años. How to amend a tax return 2011 Matrimonios anulados. How to amend a tax return 2011    Si obtiene de un tribunal un decreto de anulación de matrimonio que establezca que nunca existió matrimonio válido alguno, se le considera no casado aun si ha presentado declaraciones conjuntas en años anteriores. How to amend a tax return 2011 Tiene que presentar una declaración enmendada (Formulario 1040X, Amended U. How to amend a tax return 2011 S. How to amend a tax return 2011 Individual Income Tax Return (Declaración enmendada del impuesto federal sobre el ingreso)), en inglés, declarando su estado civil de soltero o cabeza de familia para todos los años tributarios afectados por la anulación de matrimonio que no estén excluídos por la ley de prescripción para presentar una declaración de impuestos. How to amend a tax return 2011 Por lo general, para un crédito o reembolso, tiene que presentar el Formulario 1040X dentro de 3 años (incluyendo extensiones) después de la fecha en que presentó su declaración original, o dentro de 2 años después de la fecha en que pagó el impuesto, lo que sea más tarde. How to amend a tax return 2011 Si presentó la declaración original con anticipación (por ejemplo, el 1 de marzo), se considera que su declaración se presentó en la fecha de vencimiento (por lo general el 15 de abril). How to amend a tax return 2011 Sin embargo, si tiene una extensión para presentar la declaración (por ejemplo, el 15 de octubre), pero la presentó con anticipación y la recibimos el 1 de julio, se considera que su declaración se presentó el 1 de julio. How to amend a tax return 2011 Cabeza de familia o viudo que reúne los requisitos con hijo dependiente. How to amend a tax return 2011   Si a usted se le considera no casado, podría presentar la declaración como cabeza de familia o como viudo que reúne los requisitos con hijo dependiente. How to amend a tax return 2011 Vea Cabeza de Familia y Viudo que Reúne los Requisitos con Hijo Dependiente para saber si reúne los requisitos. How to amend a tax return 2011 Personas casadas. How to amend a tax return 2011   Si se le considera casado, usted y su cónyuge pueden presentar una declaración conjunta o declaraciones por separado. How to amend a tax return 2011 Personas consideradas casadas. How to amend a tax return 2011   A usted se le considera casado si, en el último día de su año tributario, usted y su cónyuge cumplen cualquiera de las siguientes condiciones: Están casados y viven juntos como cónyuges. How to amend a tax return 2011 Viven juntos por matrimonio de hecho reconocido en el estado en que viven o en el estado en que el matrimonio de hecho comenzó. How to amend a tax return 2011 Están casados y viven separados, pero no están legalmente separados por decreto de divorcio o de manutención por separación. How to amend a tax return 2011 Están separados por un decreto provisional (o sea, que no es final) de divorcio. How to amend a tax return 2011 Para propósitos de una declaración conjunta, a usted no se le considera divorciado. How to amend a tax return 2011 Matrimonio del mismo sexo. How to amend a tax return 2011   Para propósitos tributarios federales, se consideran como casadas a las personas del mismo sexo que se casaron legalmente en un estado (o país extranjero) cuyas leyes autorizan el matrimonio entre dos personas del mismo sexo, aun si el estado en el que viven actualmente dichas personas no reconoce el matrimonio entre personas del mismo sexo. How to amend a tax return 2011 El término “cónyuge” incluye a un individuo que está casado con una persona de su mismo sexo si la pareja está legalmente casada conforme a la ley estatal (o extranjera). How to amend a tax return 2011 Sin embargo, las personas que están en una sociedad doméstica (“ domestic partnership ”), unión civil u otra relación semejante que no es considerada un matrimonio conforme a las leyes estatales (o extranjeras) no están consideradas como casadas para propósitos tributarios federales. How to amend a tax return 2011 Para más detalles, consulte la Publicación 501, en inglés. How to amend a tax return 2011 Cónyuge fallecido durante el año. How to amend a tax return 2011   Si su cónyuge falleció durante el año, a usted se le considera casado todo el año para efectos del estado civil en la declaración. How to amend a tax return 2011   Si no se ha vuelto a casar antes de terminar el año tributario, puede presentar una declaración conjunta en nombre suyo y de su cónyuge fallecido. How to amend a tax return 2011 También podría tener derecho, durante los 2 años siguientes, a los beneficios especiales que se explican más adelante en la sección titulada Viudo que Reúne los Requisitos con Hijo Dependiente . How to amend a tax return 2011   Si se ha vuelto a casar antes de terminar el año tributario, puede presentar una declaración conjunta con su nuevo cónyuge. How to amend a tax return 2011 El estado civil para efectos de la declaración de su cónyuge fallecido será el de casado que presenta una declaración por separado para dicho año. How to amend a tax return 2011 Personas casadas que viven separadas. How to amend a tax return 2011   Si usted vive separado de su cónyuge y satisface ciertos requisitos quizás pueda presentar la declaración como cabeza de familia aunque no esté divorciado o legalmente separado. How to amend a tax return 2011 Si reúne los requisitos para presentar la declaración como cabeza de familia en vez de casado que presenta la declaración por separado, la cantidad correspondiente a su deducción estándar será mayor. How to amend a tax return 2011 Además, el impuesto correspondiente podría ser menor y es posible que pueda reclamar el crédito por ingreso del trabajo. How to amend a tax return 2011 Vea más adelante Cabeza de Familia . How to amend a tax return 2011 Soltero Su estado civil para efectos de la declaración es soltero si se considera que no está casado y no reúne los requisitos para otro estado civil. How to amend a tax return 2011 Para determinar su estado civil vea el apartado anterior titulado Estado Civil . How to amend a tax return 2011 Viudo. How to amend a tax return 2011   Podría declarar el estado civil de soltero si antes del 1 de enero del año 2013 enviudó y no se volvió a casar antes de finalizar el año 2013. How to amend a tax return 2011 No obstante, quizás pueda utilizar otro estado civil que le permita pagar menos impuestos. How to amend a tax return 2011 Vea Cabeza de Familia y Viudo que Reúne los Requisitos con Hijo Dependiente , más adelante, para determinar si reúne los requisitos. How to amend a tax return 2011 Cómo presentar la declaración. How to amend a tax return 2011   Puede presentar el Formulario 1040. How to amend a tax return 2011 Si tiene ingresos sujetos a impuestos menores de $100,000, quizá podría presentar el Formulario 1040A. How to amend a tax return 2011 Además, si usted no tiene dependientes y tiene menos de 65 años de edad, no es ciego y cumple otros requisitos, puede presentar el Formulario 1040EZ. How to amend a tax return 2011 Si presenta el Formulario 1040A o el Formulario 1040, indique su estado civil de soltero marcando el recuadro de la línea 1. How to amend a tax return 2011 Utilice la columna de Soltero en la Tabla de Impuestos o la Sección A de la Hoja de Trabajo para el Cálculo del Impuesto, para calcular su impuesto. How to amend a tax return 2011 Casados que Presentan una Declaración Conjunta Puede elegir el estado civil de casado que presenta una declaración conjunta si se le considera casado y usted y su cónyuge deciden presentar una declaración conjunta. How to amend a tax return 2011 En dicha declaración, usted y su cónyuge incluyen la suma de sus ingresos y deducen la suma de sus gastos permisibles. How to amend a tax return 2011 Puede presentar una declaración conjunta aunque uno de ustedes no tuviera ingresos ni deducciones. How to amend a tax return 2011 Si usted y su cónyuge deciden presentar una declaración conjunta, es posible que sus impuestos sean menores que la suma de los impuestos de los otros estados civiles. How to amend a tax return 2011 Además, su deducción estándar (si no detallan sus deducciones) podría ser mayor y podrían reunir los requisitos para recibir beneficios tributarios no aplicables a otros estados civiles para efectos de la declaración. How to amend a tax return 2011 Si usted y su cónyuge tienen ingresos, quizás les convendría calcular el impuesto en una declaración conjunta y en declaraciones separadas (usando el estado civil de casado que presenta la declaración por separado). How to amend a tax return 2011 Pueden escoger el método que les permita pagar la menor cantidad de impuesto en total. How to amend a tax return 2011 Cómo presentar la declaración. How to amend a tax return 2011   Si está casado y presenta la declaración conjunta, puede utilizar el Formulario 1040. How to amend a tax return 2011 Si usted y su cónyuge tienen ingresos sujetos a impuestos menores de $100,000, quizá podría presentar el Formulario 1040A. How to amend a tax return 2011 Además, si usted o su cónyuge no tienen dependientes, ambos tienen menos de 65 años de edad, no están ciegos y cumplen otros requisitos, pueden presentar el Formulario 1040EZ. How to amend a tax return 2011 Si presenta el Formulario 1040 o el Formulario 1040A, indique este estado civil marcando el recuadro de la línea 2. How to amend a tax return 2011 Para calcular sus impuestos, utilice la columna correspondiente a Casado que presenta una declaración conjunta, la cual aparece en la Tabla de Impuestos o la Sección B de la Hoja de Trabajo para el Cálculo del Impuesto. How to amend a tax return 2011 Cónyuge fallecido. How to amend a tax return 2011   Si su cónyuge falleció durante el año, a usted se le considera casado todo el año y puede elegir el estado civil de casado que presenta una declaración conjunta. How to amend a tax return 2011 Vea la sección anterior titulada Cónyuge fallecido durante el año , bajo Estado Civil, para más información. How to amend a tax return 2011   Si su cónyuge falleció en 2014 antes de presentar la declaración de 2013, para efectos de la declaración de 2013 puede elegir casado que presenta la declaración conjunta. How to amend a tax return 2011 Personas divorciadas. How to amend a tax return 2011   Si para el último día del año usted está divorciado conforme a un decreto definitivo de divorcio, se le considerará no casado durante todo el año y no podrá utilizar la clasificación de casado que presenta declaración conjunta como estado civil para efectos de la declaración de impuestos. How to amend a tax return 2011 Presentación de una Declaración Conjunta Usted y su cónyuge tienen que incluir todos sus ingresos, exenciones y deducciones en la declaración conjunta. How to amend a tax return 2011 Período contable. How to amend a tax return 2011   Usted y su cónyuge tienen que utilizar el mismo período contable, pero pueden usar diferentes métodos contables. How to amend a tax return 2011 Vea Períodos Contables y Métodos Contables , en el capítulo 1. How to amend a tax return 2011 Responsabilidad conjunta. How to amend a tax return 2011   Usted y su cónyuge pueden ser responsables, individual y conjuntamente, del impuesto y todos los intereses o multas por pagar en su declaración conjunta. How to amend a tax return 2011 Esto significa que si un cónyuge no paga el impuesto adeudado, el otro puede ser responsable de pagarlo. How to amend a tax return 2011 O, si un cónyuge no informa el impuesto correcto, ambos cónyuges puede que sean responsables por todo impuesto adicional determinado por el IRS. How to amend a tax return 2011 Un cónyuge puede ser responsable de todo el impuesto adeudado, aunque dichos ingresos provengan del trabajo del otro cónyuge. How to amend a tax return 2011   Puede que usted quiera presentar la declaración por separado si: usted cree que su cónyuge no está declarando todo el impuesto de él o ella, o usted no quiere ser responsable de todo el impuesto que su cónyuge adeude si a su cónyuge no se le retiene suficiente impuesto o no paga suficiente impuesto estimado. How to amend a tax return 2011 Contribuyente divorciado. How to amend a tax return 2011   Usted podría ser individual y conjuntamente responsable de todo impuesto, además de todos los intereses y multas adeudados en una declaración conjunta presentada antes de su divorcio. How to amend a tax return 2011 Esta responsabilidad puede ser aplicable aun en el caso en que su decreto de divorcio establezca que su ex cónyuge es responsable de toda cantidad adeudada correspondiente a declaraciones de impuestos conjuntas presentadas anteriormente. How to amend a tax return 2011 Alivio tributario en el caso de obligación conjunta. How to amend a tax return 2011   En algunos casos, en una declaración conjunta, uno de los cónyuges puede ser exonerado de la responsabilidad conjunta de pagar impuestos, intereses y multas por cantidades correspondientes al otro cónyuge que fuesen declaradas incorrectamente en una declaración conjunta. How to amend a tax return 2011 Usted puede solicitar el alivio de dicha obligación, por pequeña que sea la obligación. How to amend a tax return 2011   Hay tres tipos de alivio tributario: Alivio de la responsabilidad tributaria del cónyuge inocente. How to amend a tax return 2011 Separación de la obligación (disponible solamente a las personas que presenten una declaración conjunta y que sean divorciadas, viudas, legalmente separadas o que no hayan vivido juntas durante los 12 meses inmediatamente anteriores a la fecha en que se presente esta solicitud de alivio). How to amend a tax return 2011 Alivio equitativo. How to amend a tax return 2011    Tiene que presentar el Formulario 8857(SP), Solicitud para Alivio del Cónyuge Inocente, para solicitar cualquier alivio tributario de la responsabilidad conjunta. How to amend a tax return 2011 En la Publicación 971, Innocent Spouse Relief (Alivio del cónyuge inocente), en inglés, puede encontrar información detallada sobre este tema, así como sobre quién reúne los requisitos para recibir dicho alivio. How to amend a tax return 2011 Firma de la declaración conjunta. How to amend a tax return 2011   Cada cónyuge está obligado, por lo general, a firmar la declaración. How to amend a tax return 2011 De lo contrario, no se considerará declaración conjunta. How to amend a tax return 2011 Si el cónyuge falleció antes de firmar la declaración. How to amend a tax return 2011   Si su cónyuge falleció antes de firmar la declaración, el albacea o administrador tiene que firmar la declaración en nombre de dicho cónyuge. How to amend a tax return 2011 Si ni usted ni otra persona ha sido todavía nombrado albacea o administrador, puede firmar la declaración en nombre de su cónyuge y escribir “ Filing as surviving spouse ” (Declarar como cónyuge sobreviviente) en el espacio donde firma la declaración. How to amend a tax return 2011 Cónyuge ausente del hogar. How to amend a tax return 2011   Si su cónyuge se encuentra ausente del hogar, usted debe preparar la declaración, firmarla y enviarla a su cónyuge para que la firme de manera que pueda presentarla a tiempo. How to amend a tax return 2011 Impedimento para firmar la declaración debido a enfermedad o lesión. How to amend a tax return 2011   Si su cónyuge no puede firmar por razón de enfermedad o lesión y le pide a usted que firme por él o ella, puede firmar el nombre de su cónyuge en el espacio correspondiente en la declaración seguido por las palabras “ By (su nombre), Husband (esposo) o Wife (esposa)”. How to amend a tax return 2011 Asegúrese también de firmar en el espacio correspondiente a su firma. How to amend a tax return 2011 Incluya un escrito fechado y firmado por usted junto con su declaración de impuestos. How to amend a tax return 2011 Este escrito debe incluir el número del formulario que utiliza para presentar la declaración, el año tributario, la razón por la cual su cónyuge no puede firmar dicha declaración y debe especificar el consentimiento de su cónyuge para que firme por él o ella. How to amend a tax return 2011 Si firma como tutor de su cónyuge. How to amend a tax return 2011   Si es tutor de su cónyuge, el cual se encuentra mentalmente incapacitado, usted puede firmar la declaración por esa persona como tutor. How to amend a tax return 2011 Cónyuge en zona de combate. How to amend a tax return 2011   Puede firmar una declaración conjunta si su cónyuge no puede firmar la declaración porque está en una zona de combate (como el área del Golfo Pérsico, Serbia, Montenegro, Albania o Afganistán), aunque usted no tenga un poder legal u otro tipo de autorización escrita. How to amend a tax return 2011 Adjunte a su declaración de impuestos un escrito firmado explicando que su cónyuge está prestando servicios en una zona de combate. How to amend a tax return 2011 Para más información sobre los requisitos tributarios especiales para personas que estén prestando servicios en una zona de combate, o que hayan sido declaradas desaparecidas en una zona de combate, vea la Publicación 3, Armed Forces' Tax Guide (Guía de impuestos para las Fuerzas Armadas), en inglés. How to amend a tax return 2011 Otras razones por las cuales su cónyuge no puede firmar. How to amend a tax return 2011    Si su cónyuge no puede firmar la declaración por cualquier otra razón, usted puede firmarla por él o ella únicamente si se le otorga un poder legal válido (un documento legal en el cual se le autoriza para actuar en nombre de su cónyuge). How to amend a tax return 2011 Adjunte el poder legal (o una copia de éste) a su declaración de impuestos. How to amend a tax return 2011 Para este propósito, puede utilizar el Formulario 2848(SP), Poder Legal y Declaración del Representante. How to amend a tax return 2011 Extranjero no residente o extranjero con doble estado de residencia. How to amend a tax return 2011   Por lo general, un cónyuge no puede presentar una declaración conjunta si uno de los cónyuges es extranjero no residente en cualquier momento durante el año tributario. How to amend a tax return 2011 Sin embargo, si un cónyuge era extranjero no residente o extranjero con doble estado de residencia y estaba casado con un ciudadano o residente de los Estados Unidos al finalizar el año, ambos cónyuges pueden optar por presentar una declaración conjunta. How to amend a tax return 2011 Si deciden presentar dicha declaración, a ambos se les considerará residentes de los Estados Unidos durante todo el año tributario. How to amend a tax return 2011 Vea el capítulo 1 de la Publicación 519, en inglés. How to amend a tax return 2011 Casados que Presentan la Declaración por Separado Si está casado, usted y su cónyuge pueden optar por usar el estado civil de casados que presentan la declaración por separado. How to amend a tax return 2011 Pueden beneficiarse de este método si quieren responsabilizarse únicamente de su propio impuesto o si dicho impuesto resultara ser menor que el impuesto declarado en una declaración conjunta. How to amend a tax return 2011 Si usted y su cónyuge no están de acuerdo en presentar la declaración conjunta, tiene que presentar su declaración por separado a menos que reúna los requisitos para el estado civil de cabeza de familia que se explica más adelante. How to amend a tax return 2011 Puede elegir el estado civil de cabeza de familia si se le considera soltero porque vive separado de su cónyuge y reúne ciertos requisitos (explicados más adelante bajo Cabeza de Familia ). How to amend a tax return 2011 Esto es aplicable a usted aunque no esté divorciado o legalmente separado. How to amend a tax return 2011 Si reúne los requisitos para presentar la declaración como cabeza de familia en vez de casado que presenta la declaración por separado, es posible que pague menos impuestos, que pueda reclamar el crédito por ingreso del trabajo y otros créditos adicionales; además, su deducción estándar será mayor. How to amend a tax return 2011 El estado civil de cabeza de familia le permite escoger la deducción estándar aunque su cónyuge opte por detallar sus deducciones. How to amend a tax return 2011 Para información adicional, vea Cabeza de Familia , más adelante. How to amend a tax return 2011 Usted, por lo general, pagará una suma mayor de impuestos en declaraciones separadas de lo que pagarían en una declaración conjunta por las razones detalladas en la sección Reglas Especiales , que aparece más adelante. How to amend a tax return 2011 Sin embargo, a menos que usted y su cónyuge tengan que presentar declaraciones por separado, deben calcular sus impuestos de las dos maneras (en una declaración conjunta y en declaraciones separadas). How to amend a tax return 2011 De esta manera, pueden asegurarse de utilizar el método mediante el cual paguen la menor cantidad de impuestos entre los dos. How to amend a tax return 2011 Al calcular el monto combinado de los impuestos de ambos cónyuges, usted querrá tener en cuenta los impuestos estatales al igual que los impuestos federales. How to amend a tax return 2011 Cómo presentar la declaración. How to amend a tax return 2011   Si presenta una declaración por separado, normalmente declara únicamente su propio ingreso, exenciones, créditos y deducciones. How to amend a tax return 2011 Puede declarar una exención por su cónyuge solamente si éste no recibe ingresos brutos, no presenta una declaración y no es dependiente de otro contribuyente. How to amend a tax return 2011 Puede presentar el Formulario 1040. How to amend a tax return 2011 Si tiene ingresos sujetos a impuestos menores de $100,000, quizá podría presentar el Formulario 1040A. How to amend a tax return 2011 Elija este estado civil marcando el recuadro de la línea 3 de cualquiera de estos formularios. How to amend a tax return 2011 Anote el nombre completo de su cónyuge y el número de Seguro Social (SSN, por sus siglas en inglés) o el número de identificación del contribuyente individual (ITIN, por sus siglas en inglés) de su cónyuge en los espacios provistos. How to amend a tax return 2011 Si su cónyuge no tiene y no se le requiere tener un SSN o un ITIN, anote “ NRA ” (extranjero no residente, por sus siglas en inglés) en el espacio provisto para el SSN de su cónyuge. How to amend a tax return 2011 Utilice la columna para Casado que presenta una declaración por separado en la Tabla de Impuestos o en la Sección C de la Hoja de Trabajo para el Cálculo del Impuesto para calcular su impuesto. How to amend a tax return 2011 Reglas Especiales Si opta por usar el estado civil de casado que presenta la declaración por separado, corresponden las siguientes reglas especiales. How to amend a tax return 2011 Debido a estas reglas especiales, por lo general usted pagará más impuestos en una declaración por separado de lo que pagaría si utilizara otro estado civil al cual tiene derecho. How to amend a tax return 2011   Su tasa de impuestos generalmente es mayor que la de una declaración conjunta. How to amend a tax return 2011 La cantidad de la exención para calcular el impuesto mínimo alternativo es la mitad de la cantidad permitida en una declaración conjunta. How to amend a tax return 2011 No puede tomar el crédito por gastos de cuidado de hijos y dependientes en la mayoría de los casos y la cantidad que puede excluir del ingreso en un programa de ayuda del empleador para el cuidado de dependientes es un máximo de $2,500 (en vez de $5,000). How to amend a tax return 2011 Si está legalmente separado de su cónyuge, o viven separados, quizás pueda presentar la declaración por separado y todavía tomar el crédito. How to amend a tax return 2011 Para más información sobre estos gastos, el crédito y la exclusión, vea el capítulo 32. How to amend a tax return 2011 No puede tomar el crédito por ingreso del trabajo. How to amend a tax return 2011 No puede tomar la exclusión o crédito por gastos de adopción en la mayoría de los casos. How to amend a tax return 2011 No puede tomar los créditos tributarios por enseñanza superior (el crédito de oportunidad para los estadounidenses y el crédito vitalicio por aprendizaje), declarar la deducción por intereses sobre un préstamo de estudios o las deducciones por matrícula y cuotas escolares. How to amend a tax return 2011 No puede excluir ningún ingreso de intereses procedentes de un bono de ahorros de los Estados Unidos calificado que haya utilizado para gastos de enseñanza superior. How to amend a tax return 2011 Si vivió con su cónyuge en algún momento durante el año tributario: No puede reclamar el crédito para ancianos o para personas incapacitadas y Tendrá que incluir en sus ingresos un porcentaje más grande de los beneficios del Seguro Social o beneficios equivalentes de la jubilación ferroviaria que haya recibido (hasta el 85%). How to amend a tax return 2011 Los siguientes créditos y deducciones se reducen en el caso de niveles de ingreso que sean la mitad de lo que serían en una declaración conjunta: El crédito tributario por hijos, El crédito por aportaciones a cuentas de ahorros para la jubilación, La deducción por exenciones personales y Las deducciones detalladas. How to amend a tax return 2011 Su deducción por pérdida de capital se limita a $1,500 (en vez de $3,000 en una declaración conjunta). How to amend a tax return 2011 Si su cónyuge detalla sus deducciones, usted no puede reclamar la deducción estándar. How to amend a tax return 2011 Si usted puede reclamar la deducción estándar, la cantidad básica de su deducción estándar es la mitad de la cantidad permitida en una declaración conjunta. How to amend a tax return 2011 Límites del ingreso bruto ajustado. How to amend a tax return 2011   Si su ingreso bruto ajustado (AGI, por sus siglas en inglés) en una declaración separada es menor de lo que hubiera podido ser en una declaración conjunta, usted podría deducir una cantidad mayor para ciertas deducciones limitadas por el ingreso bruto ajustado, tales como gastos médicos. How to amend a tax return 2011 Arreglos de ahorros para la jubilación. How to amend a tax return 2011   Es posible que no pueda deducir la totalidad o parte de sus aportaciones a un arreglo de ahorros tradicional para la jubilación (IRA, por sus siglas en inglés) si usted o su cónyuge estuvo cubierto por un plan de jubilación de su trabajo durante el año. How to amend a tax return 2011 Su deducción se reduce o se elimina si sus ingresos sobrepasan cierta cantidad. How to amend a tax return 2011 Esta cantidad es mucho menor para personas casadas que presentan la declaración por separado y que vivieron juntas en algún momento del año. How to amend a tax return 2011 Para más información, vea ¿Cuánto se Puede Deducir? , en el capítulo 17. How to amend a tax return 2011 Pérdidas de actividades de alquiler. How to amend a tax return 2011   Si participó activamente en una actividad pasiva de alquiler de bienes raíces que haya generado una pérdida, normalmente puede deducir la pérdida de su ingreso no pasivo, hasta $25,000. How to amend a tax return 2011 Esto se denomina “descuento especial”. How to amend a tax return 2011 Sin embargo, las personas casadas que presentan declaraciones por separado que vivieron juntas en algún momento del año no pueden reclamar este descuento especial. How to amend a tax return 2011 Las personas casadas que presentan declaraciones por separado que vivieron separadas en todo momento durante el año pueden obtener cada una por separado un descuento máximo especial de $12,500 por pérdidas de actividades pasivas de bienes raíces. How to amend a tax return 2011 Vea Límites sobre las Pérdidas de Alquiler , en el capítulo 9. How to amend a tax return 2011 Estados donde rige la ley de los bienes gananciales. How to amend a tax return 2011   Si vive en Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington o Wisconsin y presenta una declaración por separado, es posible que sus ingresos se consideren ingresos por separado o ingresos como bienes gananciales para efectos del impuesto sobre el ingreso. How to amend a tax return 2011 Vea la Publicación 555, en inglés. How to amend a tax return 2011 Declaración Conjunta Después de Presentar Declaraciones por Separado Puede cambiar su estado civil para efectos de la declaración después de presentar una declaración por separado a una declaración conjunta presentando una declaración enmendada, utilizando el Formulario 1040X. How to amend a tax return 2011 Por lo general, puede cambiar a una declaración conjunta en cualquier momento dentro de un plazo de 3 años a partir de la fecha límite para presentar la declaración o declaraciones separadas. How to amend a tax return 2011 Este plazo no incluye prórroga alguna. How to amend a tax return 2011 Una declaración separada incluye una declaración que usted o su cónyuge haya presentado con uno de los tres estados civiles siguientes: casado que presenta la declaración por separado, soltero o cabeza de familia. How to amend a tax return 2011 Declaración por Separado Después de Presentar una Declaración Conjunta Una vez que hayan presentado una declaración conjunta, no podrán optar por presentar declaraciones por separado para ese año después de la fecha límite para presentar dicha declaración conjunta. How to amend a tax return 2011 Excepción. How to amend a tax return 2011   El representante personal de un fallecido puede cambiar la opción del cónyuge sobreviviente de presentar una declaración conjunta, presentando en su lugar una declaración por separado en nombre del fallecido. How to amend a tax return 2011 El representante personal tiene hasta 1 año a partir de la fecha de vencimiento del plazo de entrega de la declaración (incluidas prórrogas) para hacer el cambio. How to amend a tax return 2011 Vea la Publicación 559, Survivors, Executors, and Administrators (Sobrevivientes, albaceas y administradores), en inglés, para más información sobre la presentación de la declaración final para un fallecido. How to amend a tax return 2011 Cabeza de Familia Puede presentar la declaración como cabeza de familia si cumple todos los requisitos siguientes: No está casado o “se le consideraba no casado” en el último día del año. How to amend a tax return 2011 Vea Estado Civil , anteriormente y Personas Consideradas no Casadas , más adelante. How to amend a tax return 2011 Pagó más de la mitad del costo de mantener una vivienda durante el año. How to amend a tax return 2011 Una persona calificada vivió con usted en la vivienda durante más de la mitad del año (excepto por ausencias temporales, como para cursar estudios). How to amend a tax return 2011 Sin embargo, si la “persona calificada” es su padre o madre dependiente, él o ella no tiene que vivir con usted. How to amend a tax return 2011 Vea Regla especial para los padres , más adelante, en la sección titulada Persona Calificada. How to amend a tax return 2011 Si reúne los requisitos para presentar la declaración como cabeza de familia, su tasa de impuesto será, por lo general, menor que las tasas para solteros o casados que presentan declaraciones por separado. How to amend a tax return 2011 Usted recibirá, además, una deducción estándar mayor de la que recibiría si se basara en el estado civil de soltero o de casado que presenta una declaración por separado. How to amend a tax return 2011 Hijos secuestrados. How to amend a tax return 2011   Usted podría reunir los requisitos para presentar la declaración como cabeza de familia, aun cuando su hijo haya sido secuestrado. How to amend a tax return 2011 Para más información, vea la Publicación 501, en inglés. How to amend a tax return 2011 Cómo presentar la declaración. How to amend a tax return 2011   Si presenta la declaración como cabeza de familia, puede utilizar el Formulario 1040. How to amend a tax return 2011 Si tiene ingresos sujetos a impuestos menores de $100,000, quizá podría presentar el Formulario 1040A. How to amend a tax return 2011 Indique su estado civil para efectos de la declaración marcando el recuadro de la línea 4 en cualquiera de estos formularios. How to amend a tax return 2011 Utilice la columna Cabeza de familia en la Tabla de Impuestos o la Sección D de la Hoja de Trabajo para el Cálculo del Impuesto, para calcular su impuesto. How to amend a tax return 2011 Personas Consideradas no Casadas Para tener derecho al estado civil de cabeza de familia, tiene que ser no casado o considerado no casado el último día del año. How to amend a tax return 2011 Se le considera no casado el último día del año tributario si reúne todos los requisitos siguientes: Presenta una declaración separada, definida anteriormente en la sección titulada Declaración Conjunta Después de Presentar Declaraciones por Separado . How to amend a tax return 2011 Pagó más de la mitad de los costos de mantenimiento de su vivienda durante el año tributario. How to amend a tax return 2011 Su cónyuge no vivió con usted en la vivienda durante los últimos 6 meses del año tributario. How to amend a tax return 2011 Se considera que su cónyuge ha vivido en la vivienda aun si él o ella se ausenta temporalmente debido a circunstancias especiales. How to amend a tax return 2011 Vea más adelante Ausencias temporales , bajo Persona Calificada. How to amend a tax return 2011 Su vivienda fue la residencia principal de su hijo, hijastro o hijo de crianza durante más de la mitad del año. How to amend a tax return 2011 (Vea Vivienda de una persona calificada , bajo Persona Calificada, más adelante, para los requisitos aplicables al nacimiento, fallecimiento o ausencia temporal de un hijo durante el año). How to amend a tax return 2011 Tiene que tener derecho a reclamar una exención por el hijo. How to amend a tax return 2011 No obstante, usted cumple este requisito si no puede reclamar una exención por su hijo solamente porque el padre que no tiene la custodia puede declararlo basándose en los requisitos que se describen en Hijos de padres divorciados o separados (o padres que no viven juntos) bajo Hijo Calificado en el capítulo 3 o en Requisito de Manutención para Hijos de Padres Divorciados o Separados (o padres que no viven juntos) bajo Pariente Calificado en el capítulo 3. How to amend a tax return 2011 Los requisitos generales para reclamar la exención por un dependiente se explican en el capítulo 3 bajo Exenciones por Dependientes . How to amend a tax return 2011 Si se le considera casado por parte del año y vivió en un estado donde rige la ley de los bienes gananciales (indicado anteriormente bajo la sección titulada Casados que Presentan la Declaración por Separado), es posible que correspondan requisitos especiales para determinar su ingreso y sus gastos. How to amend a tax return 2011 Vea la Publicación 555, en inglés, para más información. How to amend a tax return 2011 Hoja de Trabajo 2-1. How to amend a tax return 2011 Costo de Mantenimiento de la Vivienda   Cantidad que Usted Pagó Costo Total Impuestos sobre la propiedad $ $ Gastos por intereses hipotecarios     Alquiler     Gastos de servicios públicos     Mantenimiento y reparaciones     Seguro de la propiedad     Alimentos consumidos  en la vivienda     Otros gastos del hogar     Totales $ $ Menos la cantidad total que usted pagó   () Cantidad que otras personas pagaron   $ Si el total de lo que usted pagó es más de lo que otros pagaron, usted reúne el requisito de pagar más de la mitad del mantenimiento de la vivienda. How to amend a tax return 2011 Cónyuge extranjero no residente. How to amend a tax return 2011   Se le considera no casado para propósitos del estado civil de cabeza de familia si su cónyuge fue extranjero no residente en alguna parte del año y usted no opta por incluir a su cónyuge no residente en la declaración como extranjero residente. How to amend a tax return 2011 No obstante, su cónyuge no es una persona calificada para fines del estado civil de cabeza de familia. How to amend a tax return 2011 Usted tiene que tener otra persona calificada y reunir los demás requisitos necesarios para poder presentar la declaración como cabeza de familia. How to amend a tax return 2011 Elección de incluir al cónyuge en la declaración como residente. How to amend a tax return 2011   Se le considera casado si ha optado por incluir a su cónyuge en la declaración como extranjero residente. How to amend a tax return 2011 Vea la Publicación 519, U. How to amend a tax return 2011 S. How to amend a tax return 2011 Tax Guide for Aliens (Guía sobre los impuestos estadounidenses para extranjeros), en inglés. How to amend a tax return 2011 Personas que Mantienen una Vivienda Para tener derecho al estado civil de cabeza de familia para la declaración, tiene que pagar más de la mitad de los gastos de mantener la vivienda durante el año. How to amend a tax return 2011 Para determinar si usted pagó más de la mitad del costo de mantener una vivienda, puede usar la Hoja de Trabajo 2-1, anteriormente. How to amend a tax return 2011 Costos que se incluyen. How to amend a tax return 2011   Incluya en los costos de mantenimiento de la vivienda, gastos como alquiler, intereses hipotecarios, impuestos sobre bienes raíces, seguro de la vivienda, reparaciones, servicios públicos y alimentos consumidos en la vivienda. How to amend a tax return 2011   Si usó pagos recibidos bajo el programa Temporary Assistance for Needy Families (Asistencia Temporal para Familias Necesitadas (TANF, por sus siglas en inglés)) u otros programas de asistencia pública para pagar parte del costo de mantener su vivienda, no los puede incluir como dinero pagado. How to amend a tax return 2011 No obstante, debe incluirlos en la totalidad del costo de mantener su vivienda para calcular si pagó más de la mitad del costo. How to amend a tax return 2011 Costos que no se incluyen. How to amend a tax return 2011   No incluya los costos de ropa, educación, tratamiento médico, vacaciones, seguro de vida o transporte. How to amend a tax return 2011 Tampoco incluya el valor del alquiler de una vivienda de la cual usted es dueño ni el valor de los servicios prestados por usted o por un miembro de su hogar. How to amend a tax return 2011 Persona Calificada Vea la Tabla 2-1 más adelante, para determinar quién es una persona calificada. How to amend a tax return 2011 Toda persona no descrita en la Tabla 2-1 no es una persona calificada. How to amend a tax return 2011 Ejemplo 1: hijo. How to amend a tax return 2011 Su hijo, no casado, vivió con usted durante todo el año y tenía 18 años de edad al final del año. How to amend a tax return 2011 Él no aportó más de la mitad de su propia manutención, ni cumple los requisitos para ser hijo calificado de otro contribuyente. How to amend a tax return 2011 Por lo tanto, es el hijo calificado de usted (vea Hijo Calificado en el capítulo 3), ya que es soltero, es una persona calificada en la que usted puede basarse para presentar la declaración de impuestos como cabeza de familia. How to amend a tax return 2011 Ejemplo 2: hijo no considerado persona calificada. How to amend a tax return 2011 Los datos son iguales a los del Ejemplo 1, excepto que su hijo tenía 25 años de edad al finalizar el año y su ingreso bruto fue $5,000. How to amend a tax return 2011 Debido a que su hijo no satisface el Requisito de Edad (explicado en el capítulo 3 bajo Hijo Calificado), su hijo no es considerado hijo calificado. How to amend a tax return 2011 Debido a que él no satisface el Requisito del Ingreso Bruto (explicado bajo Pariente Calificado en el capítulo 3), él no es el pariente calificado de usted. How to amend a tax return 2011 Por lo tanto, él no es una persona calificada en la que usted pueda basarse para presentar la declaración de impuestos como cabeza de familia. How to amend a tax return 2011 Ejemplo 3: novia. How to amend a tax return 2011 Su novia vivió con usted durante todo el año. How to amend a tax return 2011 Aunque ella podría ser el pariente calificado de usted si reúne el requisito del ingreso bruto y el requisito de manutención (explicados en el capítulo 3), ella no es una persona calificada en la que usted pueda basarse para presentar la declaración de impuestos como cabeza de familia debido a que ella no está emparentada con usted en una de las maneras mencionadas bajo Parientes que no tienen que vivir con usted , en el capítulo 3. How to amend a tax return 2011 Vea la Tabla 2-1 . How to amend a tax return 2011 Ejemplo 4: el hijo de su novia. How to amend a tax return 2011 Los datos son iguales a los del Ejemplo 3 , excepto que el hijo de su novia, el cual tiene 10 años de edad, también vivió con usted durante todo el año. How to amend a tax return 2011 No es el hijo calificado de usted y, ya que es el hijo calificado de su novia, tampoco es el pariente calificado de usted (vea el Requisito de no ser Hijo Calificado en el capítulo 3). How to amend a tax return 2011 Por lo tanto, no es una persona calificada en la que usted pueda basarse para presentar la declaración de impuestos como cabeza de familia. How to amend a tax return 2011 Vivienda de una persona calificada. How to amend a tax return 2011   Por lo general, la persona calificada tiene que vivir con usted durante más de la mitad del año. How to amend a tax return 2011 Regla especial para los padres. How to amend a tax return 2011   Si la persona calificada es su padre o su madre, podría tener derecho al estado civil de cabeza de familia al presentar la declaración, aunque su padre o su madre no viva con usted. How to amend a tax return 2011 Sin embargo, tiene que poder reclamar una exención por su padre o su madre. How to amend a tax return 2011 También tiene que pagar más de la mitad de los gastos de mantener una vivienda que fue la vivienda principal de su madre o su padre durante todo el año. How to amend a tax return 2011   Usted mantiene la vivienda principal para su padre o su madre si paga más de la mitad de los gastos de mantenimiento de su padre o su madre en un asilo o residencia para ancianos. How to amend a tax return 2011 Fallecimiento o nacimiento. How to amend a tax return 2011   Es posible que pueda presentar la declaración como cabeza de familia aun cuando la persona que le da derecho a este estado civil nazca o muera durante el año. How to amend a tax return 2011 Si esa persona es su hijo calificado, el hijo tiene que haber vivido con usted por más de la mitad de la parte del año en que él o ella estaba vivo. How to amend a tax return 2011 Si la persona es cualquier otra persona que no sea su hijo calificado, consulte la Publicación 501. How to amend a tax return 2011 Ausencias temporales. How to amend a tax return 2011   Se considera que usted y la persona calificada residen en la misma vivienda aun en el caso de una ausencia temporal suya, de la otra persona o de ambas, debido a circunstancias especiales, como enfermedad, educación, negocios, vacaciones o servicio militar. How to amend a tax return 2011 Tiene que ser razonable suponer que la persona ausente volverá a la vivienda después de la ausencia temporal. How to amend a tax return 2011 Usted tiene que continuar manteniendo la vivienda durante la ausencia. How to amend a tax return 2011 Viudo que Reúne los Requisitos con Hijo Dependiente Si su cónyuge falleció en el año 2013, usted puede utilizar el estado civil de casado que presenta una declaración conjunta para el año 2013 si satisface los demás requisitos para utilizar dicho estado civil para efectos de la declaración. How to amend a tax return 2011 El año de fallecimiento es el último año para el cual puede presentar una declaración conjunta con su cónyuge fallecido. How to amend a tax return 2011 Vea la sección anterior, Casados que Presentan una Declaración Conjunta . How to amend a tax return 2011 Es posible que pueda presentar su declaración utilizando el estado civil de viudo que reúne los requisitos con hijo dependiente durante los 2 años siguientes al año del fallecimiento de su cónyuge. How to amend a tax return 2011 Por ejemplo, si su cónyuge falleció en el año 2012 y usted no se ha vuelto a casar, quizás pueda utilizar este estado civil para efectos de la declaración para los años 2013 y 2014. How to amend a tax return 2011 Este estado civil le da el derecho de usar las tasas impositivas para la declaración conjunta y la deducción estándar máxima (si no detalla las deducciones). How to amend a tax return 2011 Sin embargo, dicho estado civil no le da el derecho de presentar una declaración conjunta. How to amend a tax return 2011 Cómo presentar la declaración. How to amend a tax return 2011   Si usted presenta la declaración como viudo que reúne los requisitos con hijo dependiente, puede usar el Formulario 1040. How to amend a tax return 2011 Además, si tiene ingresos sujetos a impuestos menores de $100,000 y cumple con ciertas condiciones, quizá podría presentar el Formulario 1040A. How to amend a tax return 2011 Marque el recuadro en la línea 5 de cualquiera de los dos formularios. How to amend a tax return 2011 Para calcular su impuesto, utilice la columna correspondiente a Casado que presenta una declaración conjunta, la cual aparece en la Tabla de Impuestos o la Sección B de la Hoja de Trabajo para el Cálculo del Impuesto. How to amend a tax return 2011 Tabla 2-1. How to amend a tax return 2011 ¿Quién le Da Derecho a Presentar la Declaración como Cabeza de Familia?1 Precaución: En este capítulo encontrará los demás requisitos que tiene que reunir para reclamar el estado civil de cabeza de familia para efectos de la declaración. How to amend a tax return 2011 SI la persona es su . How to amend a tax return 2011 . How to amend a tax return 2011 . How to amend a tax return 2011   Y . How to amend a tax return 2011 . How to amend a tax return 2011 . How to amend a tax return 2011   ENTONCES esa persona . How to amend a tax return 2011 . How to amend a tax return 2011 . How to amend a tax return 2011 hijo calificado (como un hijo, hija o nieto que vivió con usted durante más de la mitad del año y reúne ciertos otros requisitos)2   él o ella es soltero   es una persona calificada, independientemente de si usted puede o no reclamar una exención por dicha persona. How to amend a tax return 2011   él o ella está casado y usted puede reclamar una exención por él o ella   es una persona calificada. How to amend a tax return 2011   él o ella está casado y usted no puede reclamar una exención por él o ella   no es una persona calificada. How to amend a tax return 2011 3 pariente calificado4 que sea su padre o madre   usted puede reclamar una exención por él o ella5   es una persona calificada. How to amend a tax return 2011 6   usted no puede reclamar una exención por él o ella   no es una persona calificada. How to amend a tax return 2011 pariente calificado4 que no sea su padre o madre (como un abuelo, hermano o hermana que reúne ciertos requisitos)   él o ella vivió con usted durante más de la mitad del año y él o ella es uno de los parientes mencionados en Parientes que no tienen que vivir con usted en el capítulo 3 y usted puede reclamar una exención por él o ella5   es una persona calificada. How to amend a tax return 2011   él o ella no vivió con usted durante más de la mitad del año   no es una persona calificada. How to amend a tax return 2011   él o ella no es uno de los parientes mencionados en Parientes que no tienen que vivir con usted en el capítulo 3 y es su pariente calificado sólo por vivir con usted todo el año como miembro de su unidad familiar   no es una persona calificada. How to amend a tax return 2011   usted no puede reclamar una exención por él o ella   no es una persona calificada. How to amend a tax return 2011 1Una persona no puede darle a más de un contribuyente el derecho de usar el estado civil de cabeza de familia para la declaración en el año. How to amend a tax return 2011 2El término hijo calificado se define en el capítulo 3. How to amend a tax return 2011 Nota: Si usted es padre o madre sin custodia, el término “hijo calificado” para el estado civil de cabeza de familia no incluye a un hijo que sea su hijo calificado para propósitos de una exención tributaria debido solamente a las reglas descritas bajo Hijos de padres divorciados o separados (o padres que no viven juntos) bajo Hijo Calificado en el capítulo 3. How to amend a tax return 2011 Si usted es el padre o la madre que tiene custodia y le corresponden estas reglas, el hijo generalmente es su hijo calificado para el estado civil de cabeza de familia aunque el hijo no sea un hijo calificado por el cual usted pueda reclamar una exención. How to amend a tax return 2011 3Esta persona es una persona calificada si la única razón por la cual usted no puede tener derecho a la exención es que usted puede ser reclamado como dependiente en la declaración de otra persona. How to amend a tax return 2011 4El término “ pariente calificado ” se define en el capítulo 3. How to amend a tax return 2011 5Si usted puede reclamar una exención por una persona sólo porque existe un acuerdo de manutención múltiple, dicha persona no es una persona calificada. How to amend a tax return 2011 Vea la sección titulada Acuerdo de Manutención Múltiple , en el capítulo 3. How to amend a tax return 2011 6Vea Regla especial para los padres . How to amend a tax return 2011   Requisitos. How to amend a tax return 2011   Tiene derecho a presentar la declaración del año 2013 como viudo que reúne los requisitos con hijo dependiente si cumple todas las condiciones siguientes: Tenía derecho a presentar una declaración conjunta con su cónyuge para el año en que éste falleció. How to amend a tax return 2011 No importa si usted de hecho llegó a presentar una declaración conjunta. How to amend a tax return 2011 Su cónyuge falleció en el año 2011 o en el año 2012 y usted no se volvió a casar antes de terminar el año 2013. How to amend a tax return 2011 Tiene un hijo o hijastro por el cual usted puede reclamar una exención. How to amend a tax return 2011 Esto no incluye a un hijo de crianza. How to amend a tax return 2011 Este hijo vivió en su vivienda durante todo el año, a excepción de ausencias temporales. How to amend a tax return 2011 Vea Ausencias temporales , anteriormente, bajo Cabeza de Familia. How to amend a tax return 2011 También hay excepciones, las cuales se describen más adelante, que corresponden a un hijo que nació o falleció durante el año y a un hijo secuestrado. How to amend a tax return 2011 Pagó más de la mitad del costo de mantener una vivienda durante el año. How to amend a tax return 2011 Vea Personas que Mantienen una Vivienda , anteriormente, bajo Cabeza de Familia. How to amend a tax return 2011 Ejemplo. How to amend a tax return 2011 La esposa de Juan falleció en el año 2011. How to amend a tax return 2011 Él no se ha vuelto a casar. How to amend a tax return 2011 Durante los años 2012 y 2013, continuó manteniendo una vivienda para él y su hijo (que vive con él y por el cual puede reclamar una exención). How to amend a tax return 2011 En el año 2011, tenía derecho a presentar una declaración conjunta para él y su esposa fallecida. How to amend a tax return 2011 En los años tributarios 2012 y 2013 tiene derecho a presentar una declaración como viudo que reúne los requisitos con hijo dependiente. How to amend a tax return 2011 Después de 2013, puede presentar la declaración usando el estado civil de cabeza de familia si reúne los requisitos para dicho estado civil. How to amend a tax return 2011 Fallecimiento o nacimiento. How to amend a tax return 2011    Puede satisfacer las condiciones para presentar una declaración como viudo que reúne los requisitos con hijo dependiente si el hijo que le da derecho a este estado civil nace o fallece durante el año. How to amend a tax return 2011 Tiene que haber provisto más de la mitad del costo de mantener una vivienda que fuera la residencia principal del hijo durante toda la parte del año durante el cual el hijo estuvo vivo. How to amend a tax return 2011 Hijos secuestrados. How to amend a tax return 2011   Aunque su hijo haya sido secuestrado, dicho hijo podría darle derecho al estado civil de viudo calificado con hijo dependiente que reúne los requisitos. How to amend a tax return 2011 Para más información, vea la Publicación 501, en inglés. How to amend a tax return 2011 Como se menciona anteriormente, este estado civil se puede utilizar solamente durante los 2 años siguientes al año del fallecimiento de su cónyuge. 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