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Irs Form 1040nr

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Irs Form 1040nr

Irs form 1040nr Publication 525 - Main Content Table of Contents Employee CompensationBabysitting. Irs form 1040nr Miscellaneous Compensation Fringe Benefits Retirement Plan Contributions Stock Options Restricted Property Special Rules for Certain EmployeesClergy Members of Religious Orders Foreign Employer Military Volunteers Business and Investment IncomeRents From Personal Property Royalties Partnership Income S Corporation Income Sickness and Injury BenefitsDisability Pensions Long-Term Care Insurance Contracts Workers' Compensation Other Sickness and Injury Benefits Miscellaneous IncomeBartering Canceled Debts Host or Hostess Life Insurance Proceeds Recoveries Survivor Benefits Unemployment Benefits Welfare and Other Public Assistance Benefits Other Income RepaymentsMethod 1. Irs form 1040nr Method 2. Irs form 1040nr How To Get Tax HelpLow Income Taxpayer Clinics Employee Compensation In most cases, you must include in gross income everything you receive in payment for personal services. Irs form 1040nr In addition to wages, salaries, commissions, fees, and tips, this includes other forms of compensation such as fringe benefits and stock options. Irs form 1040nr You should receive a Form W-2 from your employer or former employer showing the pay you received for your services. Irs form 1040nr Include all your pay on line 7 of Form 1040 or Form 1040A or on line 1 of Form 1040EZ, even if you do not receive Form W-2, or you receive a Form W-2 that does not include all pay that should be included on the Form W-2. Irs form 1040nr If you performed services, other than as an independent contractor, and your employer did not withhold social security and Medicare taxes from your pay, you must file Form 8919, Uncollected Social Security and Medicare Tax on Wages, with your Form 1040. Irs form 1040nr These wages must be included on line 7 of Form 1040. Irs form 1040nr See Form 8919 for more information. Irs form 1040nr Childcare providers. Irs form 1040nr   If you provide childcare, either in the child's home or in your home or other place of business, the pay you receive must be included in your income. Irs form 1040nr If you are not an employee, you are probably self-employed and must include payments for your services on Schedule C (Form 1040), Profit or Loss From Business, or Schedule C-EZ (Form 1040), Net Profit From Business. Irs form 1040nr You generally are not an employee unless you are subject to the will and control of the person who employs you as to what you are to do and how you are to do it. Irs form 1040nr Babysitting. Irs form 1040nr   If you babysit for relatives or neighborhood children, whether on a regular basis or only periodically, the rules for childcare providers apply to you. Irs form 1040nr Bankruptcy. Irs form 1040nr   If you filed for bankruptcy under Chapter 11 of the Bankruptcy Code, you must allocate your wages and withheld income tax. Irs form 1040nr Your W-2 will show your total wages and withheld income tax for the year. Irs form 1040nr On your tax return, you report the wages and withheld income tax for the period before you filed for bankruptcy. Irs form 1040nr Your bankruptcy estate reports the wages and withheld income tax for the period after you filed for bankruptcy. Irs form 1040nr If you receive other information returns (such as Form 1099-DIV, Dividends and Distributions, or 1099-INT, Interest Income) that report gross income to you, rather than to the bankruptcy estate, you must allocate that income. Irs form 1040nr   The only exception is for purposes of figuring your self-employment tax, if you are self-employed. Irs form 1040nr For that purpose, you must take into account all your self-employment income for the year from services performed both before and after the beginning of the case. Irs form 1040nr   You must file a statement with your income tax return stating you filed a Chapter 11 bankruptcy case. Irs form 1040nr The statement must show the allocation and describe the method used to make the allocation. Irs form 1040nr For a sample of this statement and other information, see Notice 2006-83, 2006-40 I. Irs form 1040nr R. Irs form 1040nr B. Irs form 1040nr 596, available at www. Irs form 1040nr irs. Irs form 1040nr gov/irb/2006-40_IRB/ar12. Irs form 1040nr html. Irs form 1040nr Miscellaneous Compensation This section discusses many types of employee compensation. Irs form 1040nr The subjects are arranged in alphabetical order. Irs form 1040nr Advance commissions and other earnings. Irs form 1040nr   If you receive advance commissions or other amounts for services to be performed in the future and you are a cash-method taxpayer, you must include these amounts in your income in the year you receive them. Irs form 1040nr    If you repay unearned commissions or other amounts in the same year you receive them, reduce the amount included in your income by the repayment. Irs form 1040nr If you repay them in a later tax year, you can deduct the repayment as an itemized deduction on your Schedule A (Form 1040), Itemized Deductions, or you may be able to take a credit for that year. Irs form 1040nr See Repayments , later. Irs form 1040nr Allowances and reimbursements. Irs form 1040nr    If you receive travel, transportation, or other business expense allowances or reimbursements from your employer, see Publication 463, Travel, Entertainment, Gift, and Car Expenses. Irs form 1040nr If you are reimbursed for moving expenses, see Publication 521, Moving Expenses. Irs form 1040nr Back pay awards. Irs form 1040nr   Include in income amounts you are awarded in a settlement or judgment for back pay. Irs form 1040nr These include payments made to you for damages, unpaid life insurance premiums, and unpaid health insurance premiums. Irs form 1040nr They should be reported to you by your employer on Form W-2. Irs form 1040nr Bonuses and awards. Irs form 1040nr    Bonuses or awards you receive for outstanding work are included in your income and should be shown on your Form W-2. Irs form 1040nr These include prizes such as vacation trips for meeting sales goals. Irs form 1040nr If the prize or award you receive is goods or services, you must include the fair market value of the goods or services in your income. Irs form 1040nr However, if your employer merely promises to pay you a bonus or award at some future time, it is not taxable until you receive it or it is made available to you. Irs form 1040nr Employee achievement award. Irs form 1040nr   If you receive tangible personal property (other than cash, a gift certificate, or an equivalent item) as an award for length of service or safety achievement, you generally can exclude its value from your income. Irs form 1040nr However, the amount you can exclude is limited to your employer's cost and cannot be more than $1,600 ($400 for awards that are not qualified plan awards) for all such awards you receive during the year. Irs form 1040nr Your employer can tell you whether your award is a qualified plan award. Irs form 1040nr Your employer must make the award as part of a meaningful presentation, under conditions and circumstances that do not create a significant likelihood of it being disguised pay. Irs form 1040nr   However, the exclusion does not apply to the following awards. Irs form 1040nr A length-of-service award if you received it for less than 5 years of service or if you received another length-of-service award during the year or the previous 4 years. Irs form 1040nr A safety achievement award if you are a manager, administrator, clerical employee, or other professional employee or if more than 10% of eligible employees previously received safety achievement awards during the year. Irs form 1040nr Example. Irs form 1040nr Ben Green received three employee achievement awards during the year: a nonqualified plan award of a watch valued at $250, and two qualified plan awards of a stereo valued at $1,000 and a set of golf clubs valued at $500. Irs form 1040nr Assuming that the requirements for qualified plan awards are otherwise satisfied, each award by itself would be excluded from income. Irs form 1040nr However, because the $1,750 total value of the awards is more than $1,600, Ben must include $150 ($1,750 − $1,600) in his income. Irs form 1040nr Differential wage payments. Irs form 1040nr   This is any payment made by an employer to an individual for any period during which the individual is, for a period of more than 30 days, an active duty member of the uniformed services and represents all or a portion of the wages the individual would have received from the employer for that period. Irs form 1040nr These payments are treated as wages and are subject to income tax withholding, but not FICA or FUTA taxes. Irs form 1040nr The payments are reported as wages on Form W-2. Irs form 1040nr Government cost-of-living allowances. Irs form 1040nr   Most payments received by U. Irs form 1040nr S. Irs form 1040nr Government civilian employees for working abroad are taxable. Irs form 1040nr However, certain cost-of-living allowances are tax free. Irs form 1040nr Publication 516, U. Irs form 1040nr S. Irs form 1040nr Government Civilian Employees Stationed Abroad, explains the tax treatment of allowances, differentials, and other special pay you receive for employment abroad. Irs form 1040nr Nonqualified deferred compensation plans. Irs form 1040nr   Your employer will report to you the total amount of deferrals for the year under a nonqualified deferred compensation plan. Irs form 1040nr This amount is shown on Form W-2, box 12, using code Y. Irs form 1040nr This amount is not included in your income. Irs form 1040nr   However, if at any time during the tax year, the plan fails to meet certain requirements, or is not operated under those requirements, all amounts deferred under the plan for the tax year and all preceding tax years are included in your income for the current year. Irs form 1040nr This amount is included in your wages shown on Form W-2, box 1. Irs form 1040nr It is also shown on Form W-2, box 12, using code Z. Irs form 1040nr Nonqualified deferred compensation plans of nonqualified entities. Irs form 1040nr   In most cases, any compensation deferred under a nonqualified deferred compensation plan of a nonqualified entity is included in gross income when there is no substantial risk of forfeiture of the rights to such compensation. Irs form 1040nr For this purpose, a nonqualified entity is: A foreign corporation unless substantially all of its income is: Effectively connected with the conduct of a trade or business in the United States, or Subject to a comprehensive foreign income tax. Irs form 1040nr A partnership unless substantially all of its income is allocated to persons other than: Foreign persons for whom the income is not subject to a comprehensive foreign income tax, and Tax-exempt organizations. Irs form 1040nr Note received for services. Irs form 1040nr   If your employer gives you a secured note as payment for your services, you must include the fair market value (usually the discount value) of the note in your income for the year you receive it. Irs form 1040nr When you later receive payments on the note, a proportionate part of each payment is the recovery of the fair market value that you previously included in your income. Irs form 1040nr Do not include that part again in your income. Irs form 1040nr Include the rest of the payment in your income in the year of payment. Irs form 1040nr   If your employer gives you a nonnegotiable unsecured note as payment for your services, payments on the note that are credited toward the principal amount of the note are compensation income when you receive them. Irs form 1040nr Severance pay. Irs form 1040nr   You must include in income amounts you receive as severance pay and any payment for the cancellation of your employment contract. Irs form 1040nr Accrued leave payment. Irs form 1040nr   If you are a federal employee and receive a lump-sum payment for accrued annual leave when you retire or resign, this amount will be included as wages on your Form W-2. Irs form 1040nr   If you resign from one agency and are reemployed by another agency, you may have to repay part of your lump-sum annual leave payment to the second agency. Irs form 1040nr You can reduce gross wages by the amount you repaid in the same tax year in which you received it. Irs form 1040nr Attach to your tax return a copy of the receipt or statement given to you by the agency you repaid to explain the difference between the wages on your return and the wages on your Forms W-2. Irs form 1040nr Outplacement services. Irs form 1040nr   If you choose to accept a reduced amount of severance pay so that you can receive outplacement services (such as training in résumé writing and interview techniques), you must include the unreduced amount of the severance pay in income. Irs form 1040nr    However, you can deduct the value of these outplacement services (up to the difference between the severance pay included in income and the amount actually received) as a miscellaneous deduction (subject to the 2%-of-adjusted-gross-income (AGI) limit) on Schedule A (Form 1040). Irs form 1040nr Sick pay. Irs form 1040nr   Pay you receive from your employer while you are sick or injured is part of your salary or wages. Irs form 1040nr In addition, you must include in your income sick pay benefits received from any of the following payers. Irs form 1040nr A welfare fund. Irs form 1040nr A state sickness or disability fund. Irs form 1040nr An association of employers or employees. Irs form 1040nr An insurance company, if your employer paid for the plan. Irs form 1040nr However, if you paid the premiums on an accident or health insurance policy, the benefits you receive under the policy are not taxable. Irs form 1040nr For more information, see Other Sickness and Injury Benefits under Sickness and Injury Benefits, later. Irs form 1040nr Social security and Medicare taxes paid by employer. Irs form 1040nr   If you and your employer have an agreement that your employer pays your social security and Medicare taxes without deducting them from your gross wages, you must report the amount of tax paid for you as taxable wages on your tax return. Irs form 1040nr The payment is also treated as wages for figuring your social security and Medicare taxes and your social security and Medicare benefits. Irs form 1040nr However, these payments are not treated as social security and Medicare wages if you are a household worker or a farm worker. Irs form 1040nr Stock appreciation rights. Irs form 1040nr   Do not include a stock appreciation right granted by your employer in income until you exercise (use) the right. Irs form 1040nr When you use the right, you are entitled to a cash payment equal to the fair market value of the corporation's stock on the date of use minus the fair market value on the date the right was granted. Irs form 1040nr You include the cash payment in income in the year you use the right. Irs form 1040nr Fringe Benefits Fringe benefits received in connection with the performance of your services are included in your income as compensation unless you pay fair market value for them or they are specifically excluded by law. Irs form 1040nr Abstaining from the performance of services (for example, under a covenant not to compete) is treated as the performance of services for purposes of these rules. Irs form 1040nr See Valuation of Fringe Benefits , later in this discussion, for information on how to determine the amount to include in income. Irs form 1040nr Recipient of fringe benefit. Irs form 1040nr   You are the recipient of a fringe benefit if you perform the services for which the fringe benefit is provided. Irs form 1040nr You are considered to be the recipient even if it is given to another person, such as a member of your family. Irs form 1040nr An example is a car your employer gives to your spouse for services you perform. Irs form 1040nr The car is considered to have been provided to you and not to your spouse. Irs form 1040nr   You do not have to be an employee of the provider to be a recipient of a fringe benefit. Irs form 1040nr If you are a partner, director, or independent contractor, you also can be the recipient of a fringe benefit. Irs form 1040nr Provider of benefit. Irs form 1040nr   Your employer or another person for whom you perform services is the provider of a fringe benefit regardless of whether that person actually provides the fringe benefit to you. Irs form 1040nr The provider can be a client or customer of an independent contractor. Irs form 1040nr Accounting period. Irs form 1040nr   You must use the same accounting period your employer uses to report your taxable noncash fringe benefits. Irs form 1040nr Your employer has the option to report taxable noncash fringe benefits by using either of the following rules. Irs form 1040nr The general rule: benefits are reported for a full calendar year (January 1–December 31). Irs form 1040nr The special accounting period rule: benefits provided during the last 2 months of the calendar year (or any shorter period) are treated as paid during the following calendar year. Irs form 1040nr For example, each year your employer reports the value of benefits provided during the last 2 months of the prior year and the first 10 months of the current year. Irs form 1040nr Your employer does not have to use the same accounting period for each fringe benefit, but must use the same period for all employees who receive a particular benefit. Irs form 1040nr   You must use the same accounting period that you use to report the benefit to claim an employee business deduction (for use of a car, for example). Irs form 1040nr Form W-2. Irs form 1040nr   Your employer must include all taxable fringe benefits in box 1 of Form W-2 as wages, tips and other compensation and, if applicable, in boxes 3 and 5 as social security and Medicare wages. Irs form 1040nr Although not required, your employer may include the total value of fringe benefits in box 14 (or on a separate statement). Irs form 1040nr However, if your employer provided you with a vehicle and included 100% of its annual lease value in your income, the employer must separately report this value to you in box 14 (or on a separate statement). Irs form 1040nr Accident or Health Plan In most cases, the value of accident or health plan coverage provided to you by your employer is not included in your income. Irs form 1040nr Benefits you receive from the plan may be taxable, as explained, later, under Sickness and Injury Benefits . Irs form 1040nr For information on the items covered in this section, other than Long-term care coverage , see Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans. Irs form 1040nr Long-term care coverage. Irs form 1040nr   Contributions by your employer to provide coverage for long-term care services generally are not included in your income. Irs form 1040nr However, contributions made through a flexible spending or similar arrangement (such as a cafeteria plan) must be included in your income. Irs form 1040nr This amount will be reported as wages in box 1 of your Form W-2. Irs form 1040nr Archer MSA contributions. Irs form 1040nr    Contributions by your employer to your Archer MSA generally are not included in your income. Irs form 1040nr Their total will be reported in box 12 of Form W-2, with code R. Irs form 1040nr You must report this amount on Form 8853, Archer MSAs and Long-Term Care Insurance Contracts. Irs form 1040nr File the form with your return. Irs form 1040nr Health flexible spending arrangement (health FSA). Irs form 1040nr   If your employer provides a health FSA that qualifies as an accident or health plan, the amount of your salary reduction, and reimbursements of your medical care expenses, in most cases, are not included in your income. Irs form 1040nr   Health FSAs are subject to a $2,500 limit on salary reduction contributions for plan years beginning after 2012. Irs form 1040nr The $2,500 limit is subject to an inflation adjustment for plan years beginning after 2013. Irs form 1040nr For more information, see Notice 2012-40, 2012-26 I. Irs form 1040nr R. Irs form 1040nr B. Irs form 1040nr 1046, available at www. Irs form 1040nr irs. Irs form 1040nr gov/irb/2012-26 IRB/ar09. Irs form 1040nr html. Irs form 1040nr Health reimbursement arrangement (HRA). Irs form 1040nr   If your employer provides an HRA that qualifies as an accident or health plan, coverage and reimbursements of your medical care expenses generally are not included in your income. Irs form 1040nr Health savings accounts (HSA). Irs form 1040nr   If you are an eligible individual, you and any other person, including your employer or a family member, can make contributions to your HSA. Irs form 1040nr Contributions, other than employer contributions, are deductible on your return whether or not you itemize deductions. Irs form 1040nr Contributions made by your employer are not included in your income. Irs form 1040nr Distributions from your HSA that are used to pay qualified medical expenses are not included in your income. Irs form 1040nr Distributions not used for qualified medical expenses are included in your income. Irs form 1040nr See Publication 969 for the requirements of an HSA. Irs form 1040nr   Contributions by a partnership to a bona fide partner's HSA are not contributions by an employer. Irs form 1040nr The contributions are treated as a distribution of money and are not included in the partner's gross income. Irs form 1040nr Contributions by a partnership to a partner's HSA for services rendered are treated as guaranteed payments that are includible in the partner's gross income. Irs form 1040nr In both situations, the partner can deduct the contribution made to the partner's HSA. Irs form 1040nr   Contributions by an S corporation to a 2% shareholder-employee's HSA for services rendered are treated as guaranteed payments and are includible in the shareholder-employee's gross income. Irs form 1040nr The shareholder-employee can deduct the contribution made to the shareholder-employee's HSA. Irs form 1040nr Qualified HSA funding distribution. Irs form 1040nr   You can make a one-time distribution from your individual retirement account (IRA) to an HSA and you generally will not include any of the distribution in your income. Irs form 1040nr See Publication 590, Individual Retirement Arrangements (IRAs), for the requirements for these qualified HSA funding distributions. Irs form 1040nr Failure to maintain eligibility. Irs form 1040nr   If your HSA received qualified HSA distributions from a health FSA or HRA (discussed earlier) or a qualified HSA funding distribution, you must be an eligible individual for HSA purposes for the period beginning with the month in which the qualified distribution was made and ending on the last day of the 12th month following that month. Irs form 1040nr If you fail to be an eligible individual during this period, other than because of death or disability, you must include the distribution in your income for the tax year in which you become ineligible. Irs form 1040nr This income is also subject to an additional 10% tax. Irs form 1040nr Adoption Assistance You may be able to exclude from your income amounts paid or expenses incurred by your employer for qualified adoption expenses in connection with your adoption of an eligible child. Irs form 1040nr See Instructions for Form 8839, Qualified Adoption Expenses, for more information. Irs form 1040nr Adoption benefits are reported by your employer in box 12 of Form W-2 with code T. Irs form 1040nr They also are included as social security and Medicare wages in boxes 3 and 5. Irs form 1040nr However, they are not included as wages in box 1. Irs form 1040nr To determine the taxable and nontaxable amounts, you must complete Part III of Form 8839. Irs form 1040nr File the form with your return. Irs form 1040nr Athletic Facilities If your employer provides you with the free or low-cost use of an employer-operated gym or other athletic club on your employer's premises, the value is not included in your compensation. Irs form 1040nr The gym must be used primarily by employees, their spouses, and their dependent children. Irs form 1040nr If your employer pays for a fitness program provided to you at an off-site resort hotel or athletic club, the value of the program is included in your compensation. Irs form 1040nr De Minimis (Minimal) Benefits If your employer provides you with a product or service and the cost of it is so small that it would be unreasonable for the employer to account for it, the value is not included in your income. Irs form 1040nr In most cases, the value of benefits such as discounts at company cafeterias, cab fares home when working overtime, and company picnics are not included in your income. Irs form 1040nr Also see Employee Discounts , later. Irs form 1040nr Holiday gifts. Irs form 1040nr   If your employer gives you a turkey, ham, or other item of nominal value at Christmas or other holidays, do not include the value of the gift in your income. Irs form 1040nr However, if your employer gives you cash, a gift certificate, or a similar item that you can easily exchange for cash, you include the value of that gift as extra salary or wages regardless of the amount involved. Irs form 1040nr Dependent Care Benefits If your employer provides dependent care benefits under a qualified plan, you may be able to exclude these benefits from your income. Irs form 1040nr Dependent care benefits include: Amounts your employer pays directly to either you or your care provider for the care of your qualifying person while you work, and The fair market value of care in a daycare facility provided or sponsored by your employer. Irs form 1040nr The amount you can exclude is limited to the lesser of: The total amount of dependent care benefits you received during the year, The total amount of qualified expenses you incurred during the year, Your earned income, Your spouse's earned income, or $5,000 ($2,500 if married filing separately). Irs form 1040nr Your employer must show the total amount of dependent care benefits provided to you during the year under a qualified plan in box 10 of your Form W-2. Irs form 1040nr Your employer also will include any dependent care benefits over $5,000 in your wages shown in box 1 of your Form W-2. Irs form 1040nr To claim the exclusion, you must complete Part III of Form 2441, Child and Dependent Care Expenses. Irs form 1040nr See the Instructions for Form 2441 for more information. Irs form 1040nr Educational Assistance You can exclude from your income up to $5,250 of qualified employer-provided educational assistance. Irs form 1040nr For more information, see Publication 970. Irs form 1040nr Employee Discounts If your employer sells you property or services at a discount, you may be able to exclude the amount of the discount from your income. Irs form 1040nr The exclusion applies to discounts on property or services offered to customers in the ordinary course of the line of business in which you work. Irs form 1040nr However, it does not apply to discounts on real property or property commonly held for investment (such as stocks or bonds). Irs form 1040nr The exclusion is limited to the price charged nonemployee customers multiplied by the following percentage. Irs form 1040nr For a discount on property, your employer's gross profit percentage (gross profit divided by gross sales) on all property sold during the employer's previous tax year. Irs form 1040nr (Ask your employer for this percentage. Irs form 1040nr ) For a discount on services, 20%. Irs form 1040nr Financial Counseling Fees Financial counseling fees paid for you by your employer are included in your income and must be reported as part of wages. Irs form 1040nr If the fees are for tax or investment counseling, they can be deducted on Schedule A (Form 1040) as a miscellaneous deduction (subject to the 2%-of-AGI limit). Irs form 1040nr Qualified retirement planning services paid for you by your employer may be excluded from your income. Irs form 1040nr For more information, see Retirement Planning Services , later. Irs form 1040nr Group-Term Life Insurance In most cases, the cost of up to $50,000 of group-term life insurance coverage provided to you by your employer (or former employer) is not included in your income. Irs form 1040nr However, you must include in income the cost of employer-provided insurance that is more than the cost of $50,000 of coverage reduced by any amount you pay toward the purchase of the insurance. Irs form 1040nr For exceptions to this rule, see Entire cost excluded , and Entire cost taxed , later. Irs form 1040nr If your employer provided more than $50,000 of coverage, the amount included in your income is reported as part of your wages in box 1 of your Form W-2. Irs form 1040nr Also, it is shown separately in box 12 with code C. Irs form 1040nr Group-term life insurance. Irs form 1040nr   This insurance is term life insurance protection (insurance for a fixed period of time) that: Provides a general death benefit, Is provided to a group of employees, Is provided under a policy carried by the employer, and Provides an amount of insurance to each employee based on a formula that prevents individual selection. Irs form 1040nr Permanent benefits. Irs form 1040nr   If your group-term life insurance policy includes permanent benefits, such as a paid-up or cash surrender value, you must include in your income, as wages, the cost of the permanent benefits minus the amount you pay for them. Irs form 1040nr Your employer should be able to tell you the amount to include in your income. Irs form 1040nr Accidental death benefits. Irs form 1040nr   Insurance that provides accidental or other death benefits but does not provide general death benefits (travel insurance, for example) is not group-term life insurance. Irs form 1040nr Former employer. Irs form 1040nr   If your former employer provided more than $50,000 of group-term life insurance coverage during the year, the amount included in your income is reported as wages in box 1 of Form W-2. Irs form 1040nr Also, it is shown separately in box 12 with code C. Irs form 1040nr Box 12 also will show the amount of uncollected social security and Medicare taxes on the excess coverage, with codes M and N. Irs form 1040nr You must pay these taxes with your income tax return. Irs form 1040nr Include them on line 60, Form 1040, and follow the instructions forline 60. Irs form 1040nr For more information, see the Instructions for Form 1040. Irs form 1040nr Two or more employers. Irs form 1040nr   Your exclusion for employer-provided group-term life insurance coverage cannot exceed the cost of $50,000 of coverage, whether the insurance is provided by a single employer or multiple employers. Irs form 1040nr If two or more employers provide insurance coverage that totals more than $50,000, the amounts reported as wages on your Forms W-2 will not be correct. Irs form 1040nr You must figure how much to include in your income. Irs form 1040nr Reduce the amount you figure by any amount reported with code C in box 12 of your Forms W-2, add the result to the wages reported in box 1, and report the total on your return. Irs form 1040nr Figuring the taxable cost. Irs form 1040nr    Use the following worksheet to figure the amount to include in your income. Irs form 1040nr   If you pay any part of the cost of the insurance, your entire payment reduces, dollar for dollar, the amount you otherwise would include in your income. Irs form 1040nr However, you cannot reduce the amount to include in your income by: Payments for coverage in a different tax year, Payments for coverage through a cafeteria plan, unless the payments are after-tax contributions, or Payments for coverage not taxed to you because of the exceptions discussed later under Entire cost excluded . Irs form 1040nr Worksheet 1. Irs form 1040nr Figuring the Cost of Group-Term Life Insurance To Include in Income 1. Irs form 1040nr Enter the total amount of your insurance coverage from your employer(s) 1. Irs form 1040nr   2. Irs form 1040nr Limit on exclusion for employer-provided group-term life insurance coverage 2. Irs form 1040nr 50,000 3. Irs form 1040nr Subtract line 2 from line 1 3. Irs form 1040nr   4. Irs form 1040nr Divide line 3 by $1,000. Irs form 1040nr Figure to the nearest tenth 4. Irs form 1040nr   5. Irs form 1040nr Go to Table 1. Irs form 1040nr Using your age on the last day of the tax year, find your age group in the left column, and enter the cost from the column on the right for your age group 5. Irs form 1040nr   6. Irs form 1040nr Multiply line 4 by line 5 6. Irs form 1040nr     7. Irs form 1040nr Enter the number of full months of coverage at this cost 7. Irs form 1040nr   8. Irs form 1040nr Multiply line 6 by line 7 8. Irs form 1040nr   9. Irs form 1040nr Enter the premiums you paid per month 9. Irs form 1040nr       10. Irs form 1040nr Enter the number of months you paid the  premiums 10. Irs form 1040nr       11. Irs form 1040nr Multiply line 9 by line 10. Irs form 1040nr 11. Irs form 1040nr   12. Irs form 1040nr Subtract line 11 from line 8. Irs form 1040nr Include this amount in your income as wages 12. Irs form 1040nr   Table 1. Irs form 1040nr Cost of $1,000 of Group-Term Life Insurance for One Month   Age Cost     Under 25 $ . Irs form 1040nr 05     25 through 29 . Irs form 1040nr 06     30 through 34 . Irs form 1040nr 08     35 through 39 . Irs form 1040nr 09     40 through 44 . Irs form 1040nr 10     45 through 49 . Irs form 1040nr 15     50 through 54 . Irs form 1040nr 23     55 through 59 . Irs form 1040nr 43     60 through 64 . Irs form 1040nr 66     65 through 69 1. Irs form 1040nr 27     70 and older 2. Irs form 1040nr 06   Example. Irs form 1040nr You are 51 years old and work for employers A and B. Irs form 1040nr Both employers provide group-term life insurance coverage for you for the entire year. Irs form 1040nr Your coverage is $35,000 with employer A and $45,000 with employer B. Irs form 1040nr You pay premiums of $4. Irs form 1040nr 15 a month under the employer B group plan. Irs form 1040nr You figure the amount to include in your income as follows. Irs form 1040nr   Worksheet 1. Irs form 1040nr Figuring the Cost of Group-Term Life Insurance To Include in Income—Illustrated 1. Irs form 1040nr Enter the total amount of your insurance coverage from your employer(s) 1. Irs form 1040nr 80,000 2. Irs form 1040nr Limit on exclusion for employer-provided group-term life insurance coverage 2. Irs form 1040nr 50,000 3. Irs form 1040nr Subtract line 2 from line 1 3. Irs form 1040nr 30,000 4. Irs form 1040nr Divide line 3 by $1,000. Irs form 1040nr Figure to the nearest tenth 4. Irs form 1040nr 30. Irs form 1040nr 0 5. Irs form 1040nr Go to Table 1. Irs form 1040nr Using your age on the last day of the tax year, find your age group in the left column, and enter the cost from the column on the right for your age group 5. Irs form 1040nr . Irs form 1040nr 23 6. Irs form 1040nr Multiply line 4 by line 5 6. Irs form 1040nr 6. Irs form 1040nr 90 7. Irs form 1040nr Enter the number of full months of coverage at this cost. Irs form 1040nr 7. Irs form 1040nr 12 8. Irs form 1040nr Multiply line 6 by line 7 8. Irs form 1040nr 82. Irs form 1040nr 80 9. Irs form 1040nr Enter the premiums you paid per month 9. Irs form 1040nr 4. Irs form 1040nr 15     10. Irs form 1040nr Enter the number of months you paid the premiums 10. Irs form 1040nr 12     11. Irs form 1040nr Multiply line 9 by line 10. Irs form 1040nr 11. Irs form 1040nr 49. Irs form 1040nr 80 12. Irs form 1040nr Subtract line 11 from line 8. Irs form 1040nr Include this amount in your income as wages 12. Irs form 1040nr 33. Irs form 1040nr 00 The total amount to include in income for the cost of excess group-term life insurance is $33. Irs form 1040nr Neither employer provided over $50,000 insurance coverage, so the wages shown on your Forms W-2 do not include any part of that $33. Irs form 1040nr You must add it to the wages shown on your Forms W-2 and include the total on your return. Irs form 1040nr Entire cost excluded. Irs form 1040nr   You are not taxed on the cost of group-term life insurance if any of the following circumstances apply. Irs form 1040nr You are permanently and totally disabled and have ended your employment. Irs form 1040nr Your employer is the beneficiary of the policy for the entire period the insurance is in force during the tax year. Irs form 1040nr A charitable organization to which contributions are deductible is the only beneficiary of the policy for the entire period the insurance is in force during the tax year. Irs form 1040nr (You are not entitled to a deduction for a charitable contribution for naming a charitable organization as the beneficiary of your policy. Irs form 1040nr ) The plan existed on January 1, 1984, and: You retired before January 2, 1984, and were covered by the plan when you retired, or You reached age 55 before January 2, 1984, and were employed by the employer or its predecessor in 1983. Irs form 1040nr Entire cost taxed. Irs form 1040nr   You are taxed on the entire cost of group-term life insurance if either of the following circumstances apply. Irs form 1040nr The insurance is provided by your employer through a qualified employees' trust, such as a pension trust or a qualified annuity plan. Irs form 1040nr You are a key employee and your employer's plan discriminates in favor of key employees. Irs form 1040nr Meals and Lodging You do not include in your income the value of meals and lodging provided to you and your family by your employer at no charge if the following conditions are met. Irs form 1040nr The meals are: Furnished on the business premises of your employer, and Furnished for the convenience of your employer. Irs form 1040nr The lodging is: Furnished on the business premises of your employer, Furnished for the convenience of your employer, and A condition of your employment. Irs form 1040nr (You must accept it in order to be able to properly perform your duties. Irs form 1040nr ) You also do not include in your income the value of meals or meal money that qualifies as a de minimis fringe benefit. Irs form 1040nr See De Minimis (Minimal) Benefits , earlier. Irs form 1040nr Faculty lodging. Irs form 1040nr   If you are an employee of an educational institution or an academic health center and you are provided with lodging that does not meet the three conditions given earlier, you still may not have to include the value of the lodging in income. Irs form 1040nr However, the lodging must be qualified campus lodging, and you must pay an adequate rent. Irs form 1040nr Academic health center. Irs form 1040nr   This is an organization that meets the following conditions. Irs form 1040nr Its principal purpose or function is to provide medical or hospital care or medical education or research. Irs form 1040nr It receives payments for graduate medical education under the Social Security Act. Irs form 1040nr One of its principal purposes or functions is to provide and teach basic and clinical medical science and research using its own faculty. Irs form 1040nr Qualified campus lodging. Irs form 1040nr   Qualified campus lodging is lodging furnished to you, your spouse, or one of your dependents by, or on behalf of, the institution or center for use as a home. Irs form 1040nr The lodging must be located on or near a campus of the educational institution or academic health center. Irs form 1040nr Adequate rent. Irs form 1040nr   The amount of rent you pay for the year for qualified campus lodging is considered adequate if it is at least equal to the lesser of: 5% of the appraised value of the lodging, or The average of rentals paid by individuals (other than employees or students) for comparable lodging held for rent by the educational institution. Irs form 1040nr If the amount you pay is less than the lesser of these amounts, you must include the difference in your income. Irs form 1040nr   The lodging must be appraised by an independent appraiser and the appraisal must be reviewed on an annual basis. Irs form 1040nr Example. Irs form 1040nr Carl Johnson, a sociology professor for State University, rents a home from the university that is qualified campus lodging. Irs form 1040nr The house is appraised at $200,000. Irs form 1040nr The average rent paid for comparable university lodging by persons other than employees or students is $14,000 a year. Irs form 1040nr Carl pays an annual rent of $11,000. Irs form 1040nr Carl does not include in his income any rental value because the rent he pays equals at least 5% of the appraised value of the house (5% × $200,000 = $10,000). Irs form 1040nr If Carl paid annual rent of only $8,000, he would have to include $2,000 in his income ($10,000 − $8,000). Irs form 1040nr Moving Expense Reimbursements In most cases, if your employer pays for your moving expenses (either directly or indirectly) and the expenses would have been deductible if you paid them yourself, the value is not included in your income. Irs form 1040nr See Publication 521 for more information. Irs form 1040nr No-Additional-Cost Services The value of services you receive from your employer for free, at cost, or for a reduced price is not included in your income if your employer: Offers the same service for sale to customers in the ordinary course of the line of business in which you work, and Does not have a substantial additional cost (including any sales income given up) to provide you with the service (regardless of what you paid for the service). Irs form 1040nr In most cases, no-additional-cost services are excess capacity services, such as airline, bus, or train tickets, hotel rooms, and telephone services. Irs form 1040nr Example. Irs form 1040nr You are employed as a flight attendant for a company that owns both an airline and a hotel chain. Irs form 1040nr Your employer allows you to take personal flights (if there is an unoccupied seat) and stay in any one of their hotels (if there is an unoccupied room) at no cost to you. Irs form 1040nr The value of the personal flight is not included in your income. Irs form 1040nr However, the value of the hotel room is included in your income because you do not work in the hotel business. Irs form 1040nr Retirement Planning Services If your employer has a qualified retirement plan, qualified retirement planning services provided to you (and your spouse) by your employer are not included in your income. Irs form 1040nr Qualified services include retirement planning advice, information about your employer's retirement plan, and information about how the plan may fit into your overall individual retirement income plan. Irs form 1040nr You cannot exclude the value of any tax preparation, accounting, legal, or brokerage services provided by your employer. Irs form 1040nr Also, see Financial Counseling Fees , earlier. Irs form 1040nr Transportation If your employer provides you with a qualified transportation fringe benefit, it can be excluded from your income, up to certain limits. Irs form 1040nr A qualified transportation fringe benefit is: Transportation in a commuter highway vehicle (such as a van) between your home and work place, A transit pass, Qualified parking, or Qualified bicycle commuting reimbursement. Irs form 1040nr Cash reimbursement by your employer for these expenses under a bona fide reimbursement arrangement is also excludable. Irs form 1040nr However, cash reimbursement for a transit pass is excludable only if a voucher or similar item that can be exchanged only for a transit pass is not readily available for direct distribution to you. Irs form 1040nr Exclusion limit. Irs form 1040nr   The exclusion for commuter vehicle transportation and transit pass fringe benefits cannot be more than $245 a month. Irs form 1040nr   The exclusion for the qualified parking fringe benefit cannot be more than $245 a month. Irs form 1040nr   The exclusion for qualified bicycle commuting in a calendar year is $20 multiplied by the number of qualified bicycle commuting months that year. Irs form 1040nr   If the benefits have a value that is more than these limits, the excess must be included in your income. Irs form 1040nr You are not entitled to these exclusions if the reimbursements are made under a compensation reduction agreement. Irs form 1040nr Commuter highway vehicle. Irs form 1040nr   This is a highway vehicle that seats at least six adults (not including the driver). Irs form 1040nr At least 80% of the vehicle's mileage must reasonably be expected to be: For transporting employees between their homes and work place, and On trips during which employees occupy at least half of the vehicle's adult seating capacity (not including the driver). Irs form 1040nr Transit pass. Irs form 1040nr   This is any pass, token, farecard, voucher, or similar item entitling a person to ride mass transit (whether public or private) free or at a reduced rate or to ride in a commuter highway vehicle operated by a person in the business of transporting persons for compensation. Irs form 1040nr Qualified parking. Irs form 1040nr   This is parking provided to an employee at or near the employer's place of business. Irs form 1040nr It also includes parking provided on or near a location from which the employee commutes to work by mass transit, in a commuter highway vehicle, or by carpool. Irs form 1040nr It does not include parking at or near the employee's home. Irs form 1040nr Qualified bicycle commuting. Irs form 1040nr   This is reimbursement based on the number of qualified bicycle commuting months for the year. Irs form 1040nr A qualified bicycle commuting month is any month you use the bicycle regularly for a substantial portion of the travel between your home and place of employment and you do not receive any of the other qualified transportation fringe benefits. Irs form 1040nr The reimbursement can be for expenses you incurred during the year for the purchase of a bicycle and bicycle improvements, repair, and storage. Irs form 1040nr Tuition Reduction You can exclude a qualified tuition reduction from your income. Irs form 1040nr This is the amount of a reduction in tuition: For education (below graduate level) furnished by an educational institution to an employee, former employee who retired or became disabled, or his or her spouse and dependent children. Irs form 1040nr For education furnished to a graduate student at an educational institution if the graduate student is engaged in teaching or research activities for that institution. Irs form 1040nr Representing payment for teaching, research, or other services if you receive the amount under the National Health Service Corps Scholarship Program or the Armed Forces Health Professions Scholarship and Financial Assistance program. Irs form 1040nr For more information, see Publication 970. Irs form 1040nr Working Condition Benefits If your employer provides you with a product or service and the cost of it would have been allowable as a business or depreciation deduction if you paid for it yourself, the cost is not included in your income. Irs form 1040nr Example. Irs form 1040nr You work as an engineer and your employer provides you with a subscription to an engineering trade magazine. Irs form 1040nr The cost of the subscription is not included in your income because the cost would have been allowable to you as a business deduction if you had paid for the subscription yourself. Irs form 1040nr Valuation of Fringe Benefits If a fringe benefit is included in your income, the amount included is generally its value determined under the general valuation rule or under the special valuation rules. Irs form 1040nr For an exception, see Group-Term Life Insurance , earlier. Irs form 1040nr General valuation rule. Irs form 1040nr   You must include in your income the amount by which the fair market value of the fringe benefit is more than the sum of: The amount, if any, you paid for the benefit, plus The amount, if any, specifically excluded from your income by law. Irs form 1040nr If you pay fair market value for a fringe benefit, no amount is included in your income. Irs form 1040nr Fair market value. Irs form 1040nr   The fair market value of a fringe benefit is determined by all the facts and circumstances. Irs form 1040nr It is the amount you would have to pay a third party to buy or lease the benefit. Irs form 1040nr This is determined without regard to: Your perceived value of the benefit, or The amount your employer paid for the benefit. Irs form 1040nr Employer-provided vehicles. Irs form 1040nr   If your employer provides a car (or other highway motor vehicle) to you, your personal use of the car is usually a taxable noncash fringe benefit. Irs form 1040nr   Under the general valuation rules, the value of an employer-provided vehicle is the amount you would have to pay a third party to lease the same or a similar vehicle on the same or comparable terms in the same geographic area where you use the vehicle. Irs form 1040nr An example of a comparable lease term is the amount of time the vehicle is available for your use, such as a 1-year period. Irs form 1040nr The value cannot be determined by multiplying a cents-per-mile rate times the number of miles driven unless you prove the vehicle could have been leased on a cents-per-mile basis. Irs form 1040nr Flights on employer-provided aircraft. Irs form 1040nr   Under the general valuation rules, if your flight on an employer-provided piloted aircraft is primarily personal and you control the use of the aircraft for the flight, the value is the amount it would cost to charter the flight from a third party. Irs form 1040nr   If there is more than one employee on the flight, the cost to charter the aircraft must be divided among those employees. Irs form 1040nr The division must be based on all the facts, including which employee or employees control the use of the aircraft. Irs form 1040nr Special valuation rules. Irs form 1040nr   You generally can use a special valuation rule for a fringe benefit only if your employer uses the rule. Irs form 1040nr If your employer uses a special valuation rule, you cannot use a different special rule to value that benefit. Irs form 1040nr You always can use the general valuation rule discussed earlier, based on facts and circumstances, even if your employer uses a special rule. Irs form 1040nr   If you and your employer use a special valuation rule, you must include in your income the amount your employer determines under the special rule minus the sum of: Any amount you repaid your employer, plus Any amount specifically excluded from income by law. Irs form 1040nr The special valuation rules are the following. Irs form 1040nr The automobile lease rule. Irs form 1040nr The vehicle cents-per-mile rule. Irs form 1040nr The commuting rule. Irs form 1040nr The unsafe conditions commuting rule. Irs form 1040nr The employer-operated eating-facility rule. Irs form 1040nr   For more information on these rules, see Publication 15-B, Employer's Tax Guide to Fringe Benefits. Irs form 1040nr    For information on the non-commercial flight and commercial flight valuation rules, see sections 1. Irs form 1040nr 61-21(g) and 1. Irs form 1040nr 61-21(h) of the regulations. Irs form 1040nr Retirement Plan Contributions Your employer's contributions to a qualified retirement plan for you are not included in income at the time contributed. Irs form 1040nr (Your employer can tell you whether your retirement plan is qualified. Irs form 1040nr ) However, the cost of life insurance coverage included in the plan may have to be included. Irs form 1040nr See Group-Term Life Insurance , earlier, under Fringe Benefits. Irs form 1040nr If your employer pays into a nonqualified plan for you, you generally must include the contributions in your income as wages for the tax year in which the contributions are made. Irs form 1040nr However, if your interest in the plan is not transferable or is subject to a substantial risk of forfeiture (you have a good chance of losing it) at the time of the contribution, you do not have to include the value of your interest in your income until it is transferable or is no longer subject to a substantial risk of forfeiture. Irs form 1040nr For information on distributions from retirement plans, see Publication 575 (or Publication 721, Tax Guide to U. Irs form 1040nr S. Irs form 1040nr Civil Service Retirement Benefits, if you are a federal employee or retiree). Irs form 1040nr Elective Deferrals If you are covered by certain kinds of retirement plans, you can choose to have part of your compensation contributed by your employer to a retirement fund, rather than have it paid to you. Irs form 1040nr The amount you set aside (called an elective deferral) is treated as an employer contribution to a qualified plan. Irs form 1040nr An elective deferral, other than a designated Roth contribution (discussed later), is not included in wages subject to income tax at the time contributed. Irs form 1040nr However, it is included in wages subject to social security and Medicare taxes. Irs form 1040nr Elective deferrals include elective contributions to the following retirement plans. Irs form 1040nr Cash or deferred arrangements (section 401(k) plans). Irs form 1040nr The Thrift Savings Plan for federal employees. Irs form 1040nr Salary reduction simplified employee pension plans (SARSEP). Irs form 1040nr Savings incentive match plans for employees (SIMPLE plans). Irs form 1040nr Tax-sheltered annuity plans (403(b) plans). Irs form 1040nr Section 501(c)(18)(D) plans. Irs form 1040nr (But see Reporting by employer , later. Irs form 1040nr ) Section 457 plans. Irs form 1040nr Qualified automatic contribution arrangements. Irs form 1040nr   Under a qualified automatic contribution arrangement, your employer can treat you as having elected to have a part of your compensation contributed to a section 401(k) plan. Irs form 1040nr You are to receive written notice of your rights and obligations under the qualified automatic contribution arrangement. Irs form 1040nr The notice must explain: Your rights to elect not to have elective contributions made, or to have contributions made at a different percentage, and How contributions made will be invested in the absence of any investment decision by you. Irs form 1040nr   You must be given a reasonable period of time after receipt of the notice and before the first elective contribution is made to make an election with respect to the contributions. Irs form 1040nr Overall limit on deferrals. Irs form 1040nr   For 2013, in most cases, you should not have deferred more than a total of $17,500 of contributions to the plans listed in (1) through (3), earlier. Irs form 1040nr The specific plan limits for the plans listed in (4) through (7), earlier, are discussed later. Irs form 1040nr Amounts deferred under specific plan limits are part of the overall limit on deferrals. Irs form 1040nr   Your employer or plan administrator should apply the proper annual limit when figuring your plan contributions. Irs form 1040nr However, you are responsible for monitoring the total you defer to ensure that the deferrals are not more than the overall limit. Irs form 1040nr Catch-up contributions. Irs form 1040nr   You may be allowed catch-up contributions (additional elective deferrals) if you are age 50 or older by the end of your tax year. Irs form 1040nr For more information about catch-up contributions to 403(b) plans, see chapter 6 of Publication 571, Tax Sheltered Annuity Plans. Irs form 1040nr   For more information about additional elective deferrals to: SEPs (SARSEPs), see Salary Reduction Simplified Employee Pension in chapter 2 of Publication 560, Retirement Plans for Small Business. Irs form 1040nr SIMPLE plans, see How Much Can Be Contributed on Your Behalf? in chapter 3 of Publication 590. Irs form 1040nr Section 457 plans, see Limit for deferrals under section 457 plans , later. Irs form 1040nr Limit for deferrals under SIMPLE plans. Irs form 1040nr   If you are a participant in a SIMPLE plan, you generally should not have deferred more than $12,000 in 2013. Irs form 1040nr Amounts you defer under a SIMPLE plan count toward the overall limit ($17,500 for 2013) and may affect the amount you can defer under other elective deferral plans. Irs form 1040nr Limit for tax-sheltered annuities. Irs form 1040nr   If you are a participant in a tax-sheltered annuity plan (403(b) plan), the limit on elective deferrals for 2013 generally is $17,500. Irs form 1040nr However, if you have at least 15 years of service with a public school system, a hospital, a home health service agency, a health and welfare service agency, a church, or a convention or association of churches (or associated organization), the limit on elective deferrals is increased by the least of the following amounts. Irs form 1040nr $3,000, $15,000, reduced by the sum of: The additional pre-tax elective deferrals made in earlier years because of this rule, plus The aggregate amount of designated Roth contributions permitted for prior tax years because of this rule, or $5,000 times the number of your years of service for the organization, minus the total elective deferrals made by your employer on your behalf for earlier years. Irs form 1040nr   If you qualify for the 15-year rule, your elective deferrals under this limit can be as high as $20,500 for 2013. Irs form 1040nr   For more information, see Publication 571. Irs form 1040nr Limit for deferral under section 501(c)(18) plans. Irs form 1040nr   If you are a participant in a section 501(c)(18) plan (a trust created before June 25, 1959, funded only by employee contributions), you should have deferred no more than the lesser of $7,000 or 25% of your compensation. Irs form 1040nr Amounts you defer under a section 501(c)(18) plan count toward the overall limit ($17,500 in 2013) and may affect the amount you can defer under other elective deferral plans. Irs form 1040nr Limit for deferrals under section 457 plans. Irs form 1040nr   If you are a participant in a section 457 plan (a deferred compensation plan for employees of state or local governments or tax-exempt organizations), you should have deferred no more than the lesser of your includible compensation or $17,500 in 2013. Irs form 1040nr However, if you are within 3 years of normal retirement age, you may be allowed an increased limit if the plan allows it. Irs form 1040nr See Increased limit , later. Irs form 1040nr Includible compensation. Irs form 1040nr   This is the pay you received for the year from the employer who maintained the section 457 plan. Irs form 1040nr In most cases, it includes all the following payments. Irs form 1040nr Wages and salaries. Irs form 1040nr Fees for professional services. Irs form 1040nr The value of any employer-provided qualified transportation fringe benefit (defined under Transportation , earlier) that is not included in your income. Irs form 1040nr Other amounts received (cash or noncash) for personal services you performed, including, but not limited to, the following items. Irs form 1040nr Commissions and tips. Irs form 1040nr Fringe benefits. Irs form 1040nr Bonuses. Irs form 1040nr Employer contributions (elective deferrals) to: The section 457 plan. Irs form 1040nr Qualified cash or deferred arrangements (section 401(k) plans) that are not included in your income. Irs form 1040nr A salary reduction simplified employee pension (SARSEP). Irs form 1040nr A tax-sheltered annuity (section 403(b) plan). Irs form 1040nr A savings incentive match plan for employees (SIMPLE plan). Irs form 1040nr A section 125 cafeteria plan. Irs form 1040nr   Instead of using the amounts listed earlier to determine your includible compensation, your employer can use any of the following amounts. Irs form 1040nr Your wages as defined for income tax withholding purposes. Irs form 1040nr Your wages as reported in box 1 of Form W-2. Irs form 1040nr Your wages that are subject to social security withholding (including elective deferrals). Irs form 1040nr Increased limit. Irs form 1040nr   During any, or all, of the last 3 years ending before you reach normal retirement age under the plan, your plan may provide that your limit is the lesser of: Twice the annual limit ($35,000 for 2013), or The basic annual limit plus the amount of the basic limit not used in prior years (only allowed if not using age 50 or over catch-up contributions). Irs form 1040nr Catch-up contributions. Irs form 1040nr   You generally can have additional elective deferrals made to your governmental section 457 plan if: You reached age 50 by the end of the year, and No other elective deferrals can be made for you to the plan for the year because of limits or restrictions. Irs form 1040nr If you qualify, your limit can be the lesser of your includible compensation or $17,500, plus $5,500. Irs form 1040nr However, if you are within 3 years of retirement age and your plan provides the increased limit, discussed earlier, that limit may be higher. Irs form 1040nr Designated Roth contributions. Irs form 1040nr   Employers with section 401(k) and section 403(b) plans can create qualified Roth contribution programs so that you may elect to have part or all of your elective deferrals to the plan designated as after-tax Roth contributions. Irs form 1040nr Designated Roth contributions are treated as elective deferrals, except that they are included in income. Irs form 1040nr Your retirement plan must maintain separate accounts and recordkeeping for the designated Roth contributions. Irs form 1040nr   Qualified distributions from a Roth plan are not included in income. Irs form 1040nr In most cases, a distribution made before the end of the 5-tax-year period beginning with the first tax year for which you made a designated Roth contribution to the plan is not a qualified distribution. Irs form 1040nr Reporting by employer. Irs form 1040nr   Your employer generally should not include elective deferrals in your wages in box 1 of Form W-2. Irs form 1040nr Instead, your employer should mark the Retirement plan checkbox in box 13 and show the total amount deferred in box 12. Irs form 1040nr Section 501(c)(18)(D) contributions. Irs form 1040nr   Wages shown in box 1 of your Form W-2 should not have been reduced for contributions you made to a section 501(c)(18)(D) retirement plan. Irs form 1040nr The amount you contributed should be identified with code “H” in box 12. Irs form 1040nr You may deduct the amount deferred subject to the limits that apply. Irs form 1040nr Include your deduction in the total on Form 1040, line 36. Irs form 1040nr Enter the amount and “501(c)(18)(D)” on the dotted line next to line 36. Irs form 1040nr Designated Roth contributions. Irs form 1040nr    These contributions are elective deferrals but are included in your wages in box 1 of Form W-2. Irs form 1040nr Designated Roth contributions to a section 401(k) plan are reported using code AA in box 12, or, for section 403(b) plans, code BB in box 12. Irs form 1040nr Excess deferrals. Irs form 1040nr   If your deferrals exceed the limit, you must notify your plan by the date required by the plan. Irs form 1040nr If the plan permits, the excess amount will be distributed to you. Irs form 1040nr If you participate in more than one plan, you can have the excess paid out of any of the plans that permit these distributions. Irs form 1040nr You must notify each plan by the date required by that plan of the amount to be paid from that particular plan. Irs form 1040nr The plan then must pay you the amount of the excess, along with any income earned on that amount, by April 15 of the following year. Irs form 1040nr   You must include the excess deferral in your income for the year of the deferral unless you have an excess deferral of a designated Roth contribution. Irs form 1040nr File Form 1040 to add the excess deferral amount to your wages on line 7. Irs form 1040nr Do not use Form 1040A or Form 1040EZ to report excess deferral amounts. Irs form 1040nr Excess not distributed. Irs form 1040nr   If you do not take out the excess amount, you cannot include it in the cost of the contract even though you included it in your income. Irs form 1040nr Therefore, you are taxed twice on the excess deferral left in the plan—once when you contribute it, and again when you receive it as a distribution. Irs form 1040nr Excess distributed to you. Irs form 1040nr   If you take out the excess after the year of the deferral and you receive the corrective distribution by April 15 of the following year, do not include it in income again in the year you receive it. Irs form 1040nr If you receive it later, you must include it in income in both the year of the deferral and the year you receive it. Irs form 1040nr Any income on the excess deferral taken out is taxable in the tax year in which you take it out. Irs form 1040nr If you take out part of the excess deferral and the income on it, allocate the distribution proportionately between the excess deferral and the income. Irs form 1040nr    You should receive a Form 1099-R for the year in which the excess deferral is distributed to you. Irs form 1040nr Use the following rules to report a corrective distribution shown on Form 1099-R for 2013. Irs form 1040nr If the distribution was for a 2013 excess deferral, your Form 1099-R should have the code “8” in box 7. Irs form 1040nr Add the excess deferral amount to your wages on your 2013 tax return. Irs form 1040nr If the distribution was for a 2013 excess deferral to a designated Roth account, your Form 1099-R should have code “B” in box 7. Irs form 1040nr Do not add this amount to your wages on your 2013 return. Irs form 1040nr If the distribution was for a 2012 excess deferral, your Form 1099-R should have the code “P” in box 7. Irs form 1040nr If you did not add the excess deferral amount to your wages on your 2012 tax return, you must file an amended return on Form 1040X, Amended U. Irs form 1040nr S. Irs form 1040nr Individual Income Tax Return. Irs form 1040nr If you did not receive the distribution by April 15, 2013, you also must add it to your wages on your 2013 tax return. Irs form 1040nr If the distribution was for the income earned on an excess deferral, your Form 1099-R should have the code “8” in box 7. Irs form 1040nr Add the income amount to your wages on your 2013 income tax return, regardless of when the excess deferral was made. Irs form 1040nr Report a loss on a corrective distribution of an excess deferral in the year the excess amount (reduced by the loss) is distributed to you. Irs form 1040nr Include the loss as a negative amount on Form 1040, line 21 and identify it as “Loss on Excess Deferral Distribution. Irs form 1040nr ”    Even though a corrective distribution of excess deferrals is reported on Form 1099-R, it is not otherwise treated as a distribution from the plan. Irs form 1040nr It cannot be rolled over into another plan, and it is not subject to the additional tax on early distributions. Irs form 1040nr Excess Contributions If you are a highly compensated employee, the total of your elective deferrals and other contributions made for you for any year under a section 401(k) plan or SARSEP can be, as a percentage of pay, no more than 125% of the average deferral percentage (ADP) of all eligible non-highly compensated employees. Irs form 1040nr If the total contributed to the plan is more than the amount allowed under the ADP test, the excess contributions must be either distributed to you or recharacterized as after-tax employee contributions by treating them as distributed to you and then contributed by you to the plan. Irs form 1040nr You must include the excess contributions in your income as wages on Form 1040, line 7. Irs form 1040nr You cannot use Form 1040A or Form 1040EZ to report excess contribution amounts. Irs form 1040nr If you receive a corrective distribution of excess contributions (and allocable income), it is included in your income in the year of the distribution. Irs form 1040nr The allocable income is the amount of gain or loss through the end of the plan year for which the contribution was made that is allocable to the excess contributions. Irs form 1040nr You should receive a Form 1099-R for the year the excess contributions are distributed to you. Irs form 1040nr Add the distribution to your wages for that year. Irs form 1040nr Even though a corrective distribution of excess contributions is reported on Form 1099-R, it is not otherwise treated as a distribution from the plan. Irs form 1040nr It cannot be rolled over into another plan, and it is not subject to the additional tax on early distributions. Irs form 1040nr Excess Annual Additions The amount contributed in 2013 to a defined contribution plan is generally limited to the lesser of 100% of your compensation or $51,000. Irs form 1040nr Under certain circumstances, contributions that exceed these limits (excess annual additions) may be corrected by a distribution of your elective deferrals or a return of your after-tax contributions and earnings from these contributions. Irs form 1040nr A corrective payment of excess annual additions consisting of elective deferrals or earnings from your after-tax contributions is fully taxable in the year paid. Irs form 1040nr A corrective payment consisting of your after-tax contributions is not taxable. Irs form 1040nr If you received a corrective payment of excess annual additions, you should receive a separate Form 1099-R for the year of the payment with the code “E” in box 7. Irs form 1040nr Report the total payment shown in box 1 of Form 1099-R on line 16a of Form 1040 or line 12a of Form 1040A. Irs form 1040nr Report the taxable amount shown in box 2a of Form 1099-R on line 16b of Form 1040 or line 12b of Form 1040A. Irs form 1040nr Even though a corrective distribution of excess annual additions is reported on Form 1099-R, it is not otherwise treated as a distribution from the plan. Irs form 1040nr It cannot be rolled over into another plan, and it is not subject to the additional tax on early distributions. Irs form 1040nr Stock Options If you receive an option to buy or sell stock or other property as payment for your services, you may have income when you receive the option (the grant), when you exercise the option (use it to buy or sell the stock or other property), or when you sell or otherwise dispose of the option or property acquired through exercise of the option. Irs form 1040nr The timing, type, and amount of income inclusion depend on whether you receive a nonstatutory stock option or a statutory stock option. Irs form 1040nr Your employer can tell you which kind of option you hold. Irs form 1040nr Nonstatutory Stock Options Grant of option. Irs form 1040nr   If you are granted a nonstatutory stock option, you may have income when you receive the option. Irs form 1040nr The amount of income to include and the time to include it depend on whether the fair market value of the option can be readily determined. Irs form 1040nr The fair market value of an option can be readily determined if it is actively traded on an established market. Irs form 1040nr    The fair market value of an option that is not traded on an established market can be readily determined only if all of the following conditions exist. Irs form 1040nr You can transfer the option. Irs form 1040nr You can exercise the option immediately in full. Irs form 1040nr The option or the property subject to the option is not subject to any condition or restriction (other than a condition to secure payment of the purchase price) that has a significant effect on the fair market value of the option. Irs form 1040nr The fair market value of the option privilege can be readily determined. Irs form 1040nr The option privilege for an option to buy is the opportunity to benefit during the option's exercise period from any increase in the value of property subject to the option without risking any capital. Irs form 1040nr For example, if during the exercise period the fair market value of stock subject to an option is greater than the option's exercise price, a profit may be realized by exercising the option and immediately selling the stock at its higher value. Irs form 1040nr The option privilege for an option to sell is the opportunity to benefit during the exercise period from a decrease in the value of the property subject to the option. Irs form 1040nr If you or a member of your family is an officer, director, or more-than-10% owner of an expatriated corporation, you may owe an excise tax on the value of nonstatutory options and other stock-based compensation from that corporation. Irs form 1040nr For more information on the excise tax, see Internal Revenue Code section 4985. Irs form 1040nr Option with readily determinable value. Irs form 1040nr   If you receive a nonstatutory stock option that has a readily determinable fair market value at the time it is granted to you, the option is treated like other property received as compensation. Irs form 1040nr See Restricted Property , later, for rules on how much income to include and when to include it. Irs form 1040nr However, the rule described in that discussion for choosing to include the value of property in your income for the year of the transfer does not apply to a nonstatutory option. Irs form 1040nr Option without readily determinable value. Irs form 1040nr   If the fair market value of the option is not readily determinable at the time it is granted to you (even if it is determined later), you do not have income until you exercise or transfer the option. Irs form 1040nr    Exercise or transfer of option. Irs form 1040nr   When you exercise a nonstatutory stock option, the amount to include in your income depends on whether the option had a readily determinable value. Irs form 1040nr Option with readily determinable value. Irs form 1040nr   When you exercise a nonstatutory stock option that had a readily determinable value at the time the option was granted, you do not have to include any amount in income. Irs form 1040nr Option without readily determinable value. Irs form 1040nr   When you exercise a nonstatutory stock option that did not have a readily determinable value at the time the option was granted, the restricted prope
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Saving and Investing Scams

  • 'China' Stocks -- Look Beyond the Name Before You Invest
    Economic growth in China and strong performances by the Shanghai and Shenzhen Composite Indices are fueling the touting of low-priced "China" stocks. But some of the companies being touted all too often have no actual connection to China's stock markets.
  • Advance-Fee Scams Target Non-U.S. Investors Using Fake Regulator Web Sites and False Broker Identities
    The Financial Industry Regulatory Authority warns non-U.S. investors that scammers are using fraud -- including setting up phony 'regulator' web sites and fake identities -- to separate you from your money.
  • Financial Seminars Not Always What They Purport to Be
    Consumers who plan to attend free seminars should be aware that in most cases the presenters will promote products and services that are for sale. The Better Business Bureau offers tips to help you recognize good financial seminars from those that don't always have your best interests in mind.
  • FINRA Alert Warns of Japan Earthquake Related Investment Scams
    The Financial Industry Regulatory Authority (FINRA) issued an Investor Alert warning investors of investment scams centered on Japan's recent earthquake and nuclear crisis. The con artists behind these "pump and dump" scams seek to capitalize on the media spotlight on Japan's recent disasters by linking a company's products or services to efforts ranging from the detection of gamma rays and the clean-up of nuclear waste to the development of earthquake-resistant structures.
  • FINRA Investor Alert, Online Tools Help Investors Protect Themselves From Financial Fraud
    The Alert, Avoiding Investment Scams, clearly explains the characteristics of the most commonly used securities frauds, including Ponzi and pyramid schemes, pump- and-dumps and offshore scams. Drawing on ground-breaking research supported by the FINRA Investor Education Foundation, Avoiding Investment Scams lays bare the psychological persuasion tactics used by fraudsters to lure in their victims. These persuasion tactics are constant across a wide variety of frauds.
  • How to Spot the Red Flags of an Investment Seminar Scam
    Falling victim to a fraudulent investment scheme can mean losing anywhere from a few hundred dollars to your life savings. While most people might not see the harm in sitting through an investment seminar, Better Business Bureau recommends researching the investment company first, rather than run the risk of falling for a financial siren song over a free lunch.
  • Keeping Your Account Secure: Tips for Protecting Your Financial Information
    Your brokerage firm has an obligation to safeguard your personal financial information. But even the best procedures cannot prevent all instances of identity theft - especially if the vulnerability lies with you, the customer.
  • Look Before You Leave: Don't Be Misled By Early Retirement Investment Pitches That Promise Too Much
    Early retirement is an alluring prospect. When faced with a pitch that promises that you can cash in your company retirement savings in your 50s, reinvest the money, and live comfortably off the proceeds for the rest of your life, many simply can't say no. But usually they should.
  • National Futures Association Publishes New Spanish-Language Guide to Help Individuals Identify and Avoid Investment Scams
    National Futures Association (NFA) has published a new Spanish-language version of its investor education booklet entitled "Scams and Swindles: An Educational Guide to Avoiding Investment Fraud." The guide describes common characteristics of investment scams and outlines steps individuals can take to avoid them.
  • Oil and Gas Investment Frauds
    If you are contemplating investing a large amount of money, oil and gas wells may be among the options you are considering. Regardless of what investment opportunities you're considering, it is wise to gather all the information you can so you can make an informed decision. And beware.
  • Oil and Gas Scams: Common Red Flags and Steps You Can Take to Protect Yourself
    The Securities and Exchange Commission filed fraud charges against two securities promoters who fraudulently raised $2.2 million through sales of oil and leases to at least 70 investors nationwide. The SEC also issued an investor alert warning investors to beware of solicitations that prey on fears of higher oil and gas prices.
  • Pre-IPO Investment Scams
    The SEC's Office of Investor Education and Advocacy is issuing this Investor Alert to warn you about investment scams that purport to offer investors the opportunity to buy pre-IPO shares of Facebook, Twitter, Groupon, or other popular companies. SEC staff is aware of a number of complaints and inquiries about these types of pre-IPO investment scams, which may be promoted on social media and Internet sites, by telephone, email, in person, or by other means.
  • Save Your Energy and Money -- Don't Fall for Energy Stock Scams
    The Financial Industry Regulatory Authority has issued an alert to warn investors about fax, email and even cell phone text message scams that promise high returns in exchange for little risk-- and to provide information on how to invest wisely in the energy or any other sector.

The Irs Form 1040nr

Irs form 1040nr Publication 17 - Introductory Material Table of Contents What's New Reminders IntroductionIcons. Irs form 1040nr Ordering forms and publications. Irs form 1040nr Tax questions. Irs form 1040nr All material in this publication may be reprinted freely. Irs form 1040nr A citation to Your Federal Income Tax (2013) would be appropriate. Irs form 1040nr The explanations and examples in this publication reflect the interpretation by the Internal Revenue Service (IRS) of: Tax laws enacted by Congress, Treasury regulations, and Court decisions. Irs form 1040nr However, the information given does not cover every situation and is not intended to replace the law or change its meaning. Irs form 1040nr This publication covers some subjects on which a court may have made a decision more favorable to taxpayers than the interpretation by the IRS. Irs form 1040nr Until these differing interpretations are resolved by higher court decisions or in some other way, this publication will continue to present the interpretations by the IRS. Irs form 1040nr All taxpayers have important rights when working with the IRS. Irs form 1040nr These rights are described in Your Rights as a Taxpayer in the back of this publication. Irs form 1040nr What's New This section summarizes important tax changes that took effect in 2013. Irs form 1040nr Most of these changes are discussed in more detail throughout this publication. Irs form 1040nr Future developments. Irs form 1040nr  For the latest information about the tax law topics covered in this publication, including information about any tax legislation, go to www. Irs form 1040nr irs. Irs form 1040nr gov/pub17. Irs form 1040nr Additional Medicare Tax. Irs form 1040nr  Beginning in 2013, a 0. Irs form 1040nr 9% Additional Medicare Tax applies to Medicare wages, railroad retirement (RRTA) compensation, and self-employment income that are more than: $125,000 if married filing separately, $250,000 if married filing jointly, or $200,000 for any other filing status. Irs form 1040nr See Form 8959 and its instructions. Irs form 1040nr Net Investment Income Tax. Irs form 1040nr  Beginning in 2013, you may be subject to Net Investment Income Tax (NIIT). Irs form 1040nr The NIIT is 3. Irs form 1040nr 8% of the smaller of (a) your net investment income or (b) the excess of your modified adjusted gross income over: $125,000 if married filing separately, $250,000 if married filing jointly or qualifying widow(er), or $200,000 if any other filing status. Irs form 1040nr See Form 8960 and its instructions. Irs form 1040nr Change in tax rates. Irs form 1040nr  The highest tax rate is 39. Irs form 1040nr 6%. Irs form 1040nr For more information, see the 2013 Tax Computation Worksheet or the 2013 Tax Rate Schedules near the end of this publication. Irs form 1040nr Tax rate on net capital gain and qualified dividends. Irs form 1040nr  The maximum tax rate of 15% on net capital gain and qualified dividends has increased to 20% for some taxpayers. Irs form 1040nr See chapter 16. Irs form 1040nr Medical and dental expenses. Irs form 1040nr  You can deduct only the part of your medical and dental expenses that is more than 10% of your adjusted gross income (7. Irs form 1040nr 5% if either you or your spouse is age 65 or older). Irs form 1040nr See chapter 21. Irs form 1040nr Personal exemption amount increased for certain taxpayers. Irs form 1040nr  Your personal exemption is increased to $3,900. Irs form 1040nr But the amount is reduced if your adjusted gross income is more than: $150,000 if married filing separately, $250,000 if single, $275,000 if head of household, or $300,000 if any other filing status. Irs form 1040nr See chapter 3. Irs form 1040nr Limit on itemized deductions. Irs form 1040nr  You may not be able to deduct all of your itemized deductions if your adjusted gross income is more than: $150,000 if married filing separately, $250,000 if single, $275,000 if head of household, or $300,000 if any other filing status. Irs form 1040nr See chapter 29. Irs form 1040nr Same-sex marriages. Irs form 1040nr  If you have a same-sex spouse whom you legally married in a state (or foreign country) that recognizes same-sex marriage, you and your spouse generally must use the married filing jointly or married filing separately filing status on your 2013 return, even if you and your spouse now live in a state (or foreign country) that does not recognize same-sex marriage. Irs form 1040nr See chapter 2. Irs form 1040nr If you meet certain requirements, you may be able to file amended returns to change your filing status for some earlier years. Irs form 1040nr For details on filing amended returns, see chapter 1. Irs form 1040nr Health flexible spending arrangements (FSAs). Irs form 1040nr  You cannot have more than $2,500 in salary reduction contributions made to a health FSA for plan years beginning after 2012. Irs form 1040nr See chapter 5. Irs form 1040nr Expiring credits. Irs form 1040nr  The plug-in electric vehicle credit and the refundable part of the credit for prior year minimum tax have expired. Irs form 1040nr You cannot claim either one on your 2013 return. Irs form 1040nr See chapter 37. Irs form 1040nr Ponzi-type investment schemes. Irs form 1040nr  There are new rules for how to claim a theft loss deduction on Form 4684 due to a Ponzi-type investment scheme. Irs form 1040nr See chapter 25. Irs form 1040nr Home office deduction simplified method. Irs form 1040nr  If you can take a home office deduction, you may be able to use a simplified method to figure it. Irs form 1040nr See Publication 587. Irs form 1040nr Standard mileage rates. Irs form 1040nr  The 2013 rate for business use of your car is increased to 56½ cents a mile. Irs form 1040nr See chapter 26. Irs form 1040nr The 2013 rate for use of your car to get medical care is increased to 24 cents a mile. Irs form 1040nr See chapter 21. Irs form 1040nr The 2013 rate for use of your car to move is increased to 24 cents a mile. Irs form 1040nr See Publication 521, Moving Expenses. Irs form 1040nr Reminders Listed below are important reminders and other items that may help you file your 2013 tax return. Irs form 1040nr Many of these items are explained in more detail later in this publication. Irs form 1040nr Enter your social security number (SSN). Irs form 1040nr  Enter your SSN in the space provided on your tax form. Irs form 1040nr If you filed a joint return for 2012 and are filing a joint return for 2013 with the same spouse, enter your names and SSNs in the same order as on your 2012 return. Irs form 1040nr See chapter 1. Irs form 1040nr Secure your tax records from identity theft. Irs form 1040nr  Identity theft occurs when someone uses your personal information, such as your name, SSN, or other identifying information, without your permission, to commit fraud or other crimes. Irs form 1040nr An identity thief may use your SSN to get a job or may file a tax return using your SSN to receive a refund. Irs form 1040nr For more information about identity theft and how to reduce your risk from it, see chapter 1. Irs form 1040nr Taxpayer identification numbers. Irs form 1040nr  You must provide the taxpayer identification number for each person for whom you claim certain tax benefits. Irs form 1040nr This applies even if the person was born in 2013. Irs form 1040nr Generally, this number is the person's social security number (SSN). Irs form 1040nr See chapter 1. Irs form 1040nr Foreign source income. Irs form 1040nr  If you are a U. Irs form 1040nr S. Irs form 1040nr citizen with income from sources outside the United States (foreign income), you must report all such income on your tax return unless it is exempt by U. Irs form 1040nr S. Irs form 1040nr law. Irs form 1040nr This is true whether you live inside or outside the United States and whether or not you receive a Form W-2 or Form 1099 from the foreign payer. Irs form 1040nr This applies to earned income (such as wages and tips) as well as unearned income (such as interest, dividends, capital gains, pensions, rents and royalties). Irs form 1040nr If you live outside the United States, you may be able to exclude part or all of your foreign source earned income. Irs form 1040nr For details, see Publication 54, Tax Guide for U. Irs form 1040nr S. Irs form 1040nr Citizens and Resident Aliens Abroad. Irs form 1040nr Foreign financial assets. Irs form 1040nr  If you had foreign financial assets in 2013, you may have to file Form 8938 with your return. Irs form 1040nr Check www. Irs form 1040nr IRS. Irs form 1040nr gov/form8938 for details. Irs form 1040nr Automatic 6-month extension to file tax return. Irs form 1040nr  You can use Form 4868, Application for Automatic Extension of Time To File U. Irs form 1040nr S. Irs form 1040nr Individual Income Tax Return, to obtain an automatic 6-month extension of time to file your tax return. Irs form 1040nr See chapter 1. Irs form 1040nr Include your phone number on your return. Irs form 1040nr  To promptly resolve any questions we have in processing your tax return, we would like to be able to call you. Irs form 1040nr Please enter your daytime telephone number on your tax form next to your signature and occupation. Irs form 1040nr If you are filing a joint return, you can enter either your or your spouse's daytime phone number. Irs form 1040nr Payment of taxes. Irs form 1040nr   You can pay your taxes online, by phone, or by check or money order. Irs form 1040nr You can make a direct transfer from your bank account or use a credit or debit card. Irs form 1040nr If you e-file, you can schedule an electronic payment. Irs form 1040nr See chapter 1. Irs form 1040nr Faster ways to file your return. Irs form 1040nr  The IRS offers fast, accurate ways to file your tax return information without filing a paper tax return. Irs form 1040nr You can use IRS e-file (electronic filing). Irs form 1040nr See chapter 1. Irs form 1040nr Free electronic filing. Irs form 1040nr  You may be able to file your 2013 taxes online for free. Irs form 1040nr See chapter 1. Irs form 1040nr Change of address. Irs form 1040nr  If you change your address, you should notify the IRS. Irs form 1040nr See Change of Address in chapter 1. Irs form 1040nr Refund on a late filed return. Irs form 1040nr  If you were due a refund but you did not file a return, you generally must file your return within 3 years from the date the return was due (including extensions) to get that refund. Irs form 1040nr See chapter 1. Irs form 1040nr Frivolous tax returns. Irs form 1040nr  The IRS has published a list of positions that are identified as frivolous. Irs form 1040nr The penalty for filing a frivolous tax return is $5,000. Irs form 1040nr See chapter 1. Irs form 1040nr Filing erroneous claim for refund or credit. Irs form 1040nr  You may have to pay a penalty if you file an erroneous claim for refund or credit. Irs form 1040nr See chapter 1. Irs form 1040nr Privacy Act and paperwork reduction information. Irs form 1040nr   The IRS Restructuring and Reform Act of 1998, the Privacy Act of 1974, and the Paperwork Reduction Act of 1980 require that when we ask you for information we must first tell you what our legal right is to ask for the information, why we are asking for it, how it will be used, what could happen if we do not receive it, and whether your response is voluntary, required to obtain a benefit, or mandatory under the law. Irs form 1040nr A complete statement on this subject can be found in your tax form instructions. Irs form 1040nr Customer service for taxpayers. Irs form 1040nr  You can set up a personal appointment at the most convenient Taxpayer Assistance Center, on the most convenient business day. Irs form 1040nr See How To Get Tax Help in the back of this publication. Irs form 1040nr Preparer e-file mandate. Irs form 1040nr  Most paid preparers must e-file returns they prepare and file. Irs form 1040nr Your preparer may make you aware of this requirement and the options available to you. Irs form 1040nr Treasury Inspector General for Tax Administration. Irs form 1040nr   If you want to confidentially report misconduct, waste, fraud, or abuse by an IRS employee, you can call 1-800-366-4484 (call 1-800-877-8339 if you are deaf, hard of hearing, or have a speech disability, and are using TTY/TDD equipment). Irs form 1040nr You can remain anonymous. Irs form 1040nr Photographs of missing children. Irs form 1040nr  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Irs form 1040nr Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Irs form 1040nr You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Irs form 1040nr Introduction This publication covers the general rules for filing a federal income tax return. Irs form 1040nr It supplements the information contained in your tax form instructions. Irs form 1040nr It explains the tax law to make sure you pay only the tax you owe and no more. Irs form 1040nr How this publication is arranged. Irs form 1040nr   This publication closely follows Form 1040, U. Irs form 1040nr S. Irs form 1040nr Individual Income Tax Return. Irs form 1040nr It is divided into six parts which cover different sections of Form 1040. Irs form 1040nr Each part is further divided into chapters which generally discuss one line of the form. Irs form 1040nr Do not worry if you file Form 1040A or Form 1040EZ. Irs form 1040nr Anything included on a line of either of these forms is also included on Form 1040. Irs form 1040nr   The table of contents inside the front cover and the index in the back of the publication are useful tools to help you find the information you need. Irs form 1040nr What is in this publication. Irs form 1040nr   The publication begins with the rules for filing a tax return. Irs form 1040nr It explains: Who must file a return, Which tax form to use, When the return is due, How to e-file your return, and Other general information. Irs form 1040nr It will help you identify which filing status you qualify for, whether you can claim any dependents, and whether the income you receive is taxable. Irs form 1040nr The publication goes on to explain the standard deduction, the kinds of expenses you may be able to deduct, and the various kinds of credits you may be able to take to reduce your tax. Irs form 1040nr   Throughout the publication are examples showing how the tax law applies in typical situations. Irs form 1040nr Also throughout the publication are flowcharts and tables that present tax information in an easy-to-understand manner. Irs form 1040nr   Many of the subjects discussed in this publication are discussed in greater detail in other IRS publications. Irs form 1040nr References to those other publications are provided for your information. Irs form 1040nr Icons. Irs form 1040nr   Small graphic symbols, or icons, are used to draw your attention to special information. Irs form 1040nr See Table 1 later for an explanation of each icon used in this publication. Irs form 1040nr What is not covered in this publication. Irs form 1040nr   Some material that you may find helpful is not included in this publication but can be found in your tax form instruction booklet. Irs form 1040nr This includes lists of: Where to report certain items shown on information documents, and Recorded tax information topics (TeleTax). Irs form 1040nr   If you operate your own business or have other self-employment income, such as from babysitting or selling crafts, see the following publications for more information. Irs form 1040nr Publication 334, Tax Guide for Small Business (For Individuals Who Use Schedule C or C-EZ). Irs form 1040nr Publication 535, Business Expenses. Irs form 1040nr Publication 587, Business Use of Your Home (Including Use by Daycare Providers). Irs form 1040nr Help from the IRS. Irs form 1040nr   There are many ways you can get help from the IRS. Irs form 1040nr These are explained under How To Get Tax Help in the back of this publication. Irs form 1040nr Comments and suggestions. Irs form 1040nr   We welcome your comments about this publication and your suggestions for future editions. Irs form 1040nr   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Irs form 1040nr NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Irs form 1040nr Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Irs form 1040nr   You can send your comments from www. Irs form 1040nr irs. Irs form 1040nr gov/formspubs/. Irs form 1040nr Click on “More Information” and then on “Comment on Tax Forms and Publications”. Irs form 1040nr   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Irs form 1040nr Ordering forms and publications. Irs form 1040nr   Visit www. Irs form 1040nr irs. Irs form 1040nr gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Irs form 1040nr Internal Revenue Service 1201 N. Irs form 1040nr Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Irs form 1040nr   If you have a tax question, check the information available on IRS. Irs form 1040nr gov or call 1-800-829-1040. Irs form 1040nr We cannot answer tax questions sent to either of the above addresses. Irs form 1040nr IRS mission. Irs form 1040nr   Provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities and by applying the tax law with integrity and fairness to all. Irs form 1040nr Table 1. Irs form 1040nr Legend of Icons Icon Explanation Items that may cause you particular problems, or an alert about pending legislation that may be enacted after this publication goes to print. Irs form 1040nr An Internet site or an email address. Irs form 1040nr An address you may need. Irs form 1040nr Items you should keep in your personal records. Irs form 1040nr Items you may need to figure or a worksheet you may need to complete and keep for your records. Irs form 1040nr An important phone number. Irs form 1040nr Helpful information you may need. Irs form 1040nr Prev  Up  Next   Home   More Online Publications