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

TurboTax Federal Free Edition - File Taxes Online

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

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


© 2012 - 2018 All rights reserved.

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

Irs1040ez Form

2011 Federal Tax FilingFree Tax Filing 2012 OnlineInstructions For 1040ezLast Day File Taxes 2012Irs Tax Extension FormsSelf Employed Tax ReturnIrs Gov Forms 1040a 2012Irs 2009 Tax FormsFiling 2006 TaxesPrint 1040ez FormsE File State Taxes OnlyIrsefile ComIncome Tax AmendmentEz1040How Do I Amend My 2012 TaxesHow To Refile A Tax ReturnFiling My State Taxes Free1040ez Fillable Form 2012Where Can I File My 2012 Taxes Online For Free1040x 2012H & R Block Tax ReturnMyfreetaxes Com2007 Tax Return Online FreeH&r Block File OnlineFree 1040ez OnlineFilelate ComFree File 2012 Taxes2010 1040ez Tax FormFile 1040xH&r Block 1040xTurbotax 2009 Download FreeFile 1040x OnlineHow Do I File My 2009 Taxes OnlineFiling Past Tax Returns2014 1040ezForm 1040a 20121040ez 2014Amend 2010 Tax ReturnWhere Can I Get 2011 Tax FormsAmended Tax Form 2011

Irs1040ez Form

Irs1040ez form 8. Irs1040ez form   Dividends and Other Distributions Table of Contents Reminder Introduction Useful Items - You may want to see: General InformationDividends not reported on Form 1099-DIV. Irs1040ez form Reporting tax withheld. Irs1040ez form Nominees. Irs1040ez form Ordinary DividendsQualified Dividends Dividends Used to Buy More Stock Money Market Funds Capital Gain DistributionsBasis adjustment. Irs1040ez form Nondividend DistributionsLiquidating Distributions Distributions of Stock and Stock Rights Other DistributionsInformation reporting requirement. Irs1040ez form Alternative minimum tax treatment. Irs1040ez form How To Report Dividend IncomeInvestment interest deducted. Irs1040ez form Reminder Foreign-source income. Irs1040ez form  If you are a U. Irs1040ez form S. Irs1040ez form citizen with dividend income from sources outside the United States (foreign-source income), you must report that income on your tax return unless it is exempt by U. Irs1040ez form S. Irs1040ez form law. Irs1040ez form This is true whether you reside inside or outside the United States and whether or not you receive a Form 1099 from the foreign payer. Irs1040ez form Introduction This chapter discusses the tax treatment of: Ordinary dividends, Capital gain distributions, Nondividend distributions, and Other distributions you may receive from a corporation or a mutual fund. Irs1040ez form This chapter also explains how to report dividend income on your tax return. Irs1040ez form Dividends are distributions of money, stock, or other property paid to you by a corporation or by a mutual fund. Irs1040ez form You also may receive dividends through a partnership, an estate, a trust, or an association that is taxed as a corporation. Irs1040ez form However, some amounts you receive that are called dividends are actually interest income. Irs1040ez form (See Dividends that are actually interest under Taxable Interest in chapter 7. Irs1040ez form ) Most distributions are paid in cash (or check). Irs1040ez form However, distributions can consist of more stock, stock rights, other property, or services. Irs1040ez form Useful Items - You may want to see: Publication 514 Foreign Tax Credit for Individuals 550 Investment Income and Expenses Form (and Instructions) Schedule B (Form 1040A or 1040) Interest and Ordinary Dividends General Information This section discusses general rules for dividend income. Irs1040ez form Tax on unearned income of certain children. Irs1040ez form   Part of a child's 2013 unearned income may be taxed at the parent's tax rate. Irs1040ez form If it is, Form 8615, Tax for Certain Children Who Have Unearned Income, must be completed and attached to the child's tax return. Irs1040ez form If not, Form 8615 is not required and the child's income is taxed at his or her own tax rate. Irs1040ez form    Some parents can choose to include the child's interest and dividends on the parent's return if certain requirements are met. Irs1040ez form Use Form 8814, Parents' Election To Report Child's Interest and Dividends, for this purpose. Irs1040ez form   For more information about the tax on unearned income of children and the parents' election, see chapter 31. Irs1040ez form Beneficiary of an estate or trust. Irs1040ez form    Dividends and other distributions you receive as a beneficiary of an estate or trust are generally taxable income. Irs1040ez form You should receive a Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc. Irs1040ez form , from the fiduciary. Irs1040ez form Your copy of Schedule K-1 (Form 1041) and its instructions will tell you where to report the income on your Form 1040. Irs1040ez form Social security number (SSN) or individual taxpayer identification number (ITIN). Irs1040ez form    You must give your SSN or ITIN to any person required by federal tax law to make a return, statement, or other document that relates to you. Irs1040ez form This includes payers of dividends. Irs1040ez form If you do not give your SSN or ITIN to the payer of dividends, you may have to pay a penalty. Irs1040ez form For more information on SSNs and ITINs, see Social Security Number (SSN) in chapter 1. Irs1040ez form Backup withholding. Irs1040ez form   Your dividend income is generally not subject to regular withholding. Irs1040ez form However, it may be subject to backup withholding to ensure that income tax is collected on the income. Irs1040ez form Under backup withholding, the payer of dividends must withhold, as income tax, on the amount you are paid, applying the appropriate withholding rate. Irs1040ez form   Backup withholding may also be required if the IRS has determined that you underreported your interest or dividend income. Irs1040ez form For more information, see Backup Withholding in chapter 4. Irs1040ez form Stock certificate in two or more names. Irs1040ez form   If two or more persons hold stock as joint tenants, tenants by the entirety, or tenants in common, each person's share of any dividends from the stock is determined by local law. Irs1040ez form Form 1099-DIV. Irs1040ez form   Most corporations and mutual funds use Form 1099-DIV, Dividends and Distributions, to show you the distributions you received from them during the year. Irs1040ez form Keep this form with your records. Irs1040ez form You do not have to attach it to your tax return. Irs1040ez form Dividends not reported on Form 1099-DIV. Irs1040ez form   Even if you do not receive Form 1099-DIV, you must still report all your taxable dividend income. Irs1040ez form For example, you may receive distributive shares of dividends from partnerships or S corporations. Irs1040ez form These dividends are reported to you on Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc. Irs1040ez form , and Schedule K-1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc. Irs1040ez form Reporting tax withheld. Irs1040ez form   If tax is withheld from your dividend income, the payer must give you a Form 1099-DIV that indicates the amount withheld. Irs1040ez form Nominees. Irs1040ez form   If someone receives distributions as a nominee for you, that person should give you a Form 1099-DIV, which will show distributions received on your behalf. Irs1040ez form Form 1099-MISC. Irs1040ez form   Certain substitute payments in lieu of dividends or tax-exempt interest received by a broker on your behalf must be reported to you on Form 1099-MISC, Miscellaneous Income, or a similar statement. Irs1040ez form See Reporting Substitute Payments under Short Sales in chapter 4 of Publication 550 for more information about reporting these payments. Irs1040ez form Incorrect amount shown on a Form 1099. Irs1040ez form   If you receive a Form 1099 that shows an incorrect amount (or other incorrect information), you should ask the issuer for a corrected form. Irs1040ez form The new Form 1099 you receive will be marked “Corrected. Irs1040ez form ” Dividends on stock sold. Irs1040ez form   If stock is sold, exchanged, or otherwise disposed of after a dividend is declared but before it is paid, the owner of record (usually the payee shown on the dividend check) must include the dividend in income. Irs1040ez form Dividends received in January. Irs1040ez form   If a mutual fund (or other regulated investment company) or real estate investment trust (REIT) declares a dividend (including any exempt-interest dividend or capital gain distribution) in October, November, or December, payable to shareholders of record on a date in one of those months but actually pays the dividend during January of the next calendar year, you are considered to have received the dividend on December 31. Irs1040ez form You report the dividend in the year it was declared. Irs1040ez form Ordinary Dividends Ordinary (taxable) dividends are the most common type of distribution from a corporation or a mutual fund. Irs1040ez form They are paid out of earnings and profits and are ordinary income to you. Irs1040ez form This means they are not capital gains. Irs1040ez form You can assume that any dividend you receive on common or preferred stock is an ordinary dividend unless the paying corporation or mutual fund tells you otherwise. Irs1040ez form Ordinary dividends will be shown in box 1a of the Form 1099-DIV you receive. Irs1040ez form Qualified Dividends Qualified dividends are the ordinary dividends subject to the same 0%, 15%, or 20% maximum tax rate that applies to net capital gain. Irs1040ez form They should be shown in box 1b of the Form 1099-DIV you receive. Irs1040ez form The maximum rate of tax on qualified dividends is: 0% on any amount that otherwise would be taxed at a 10% or 15% rate. Irs1040ez form 15% on any amount that otherwise would be taxed at rates greater than 15% but less than 39. Irs1040ez form 6%. Irs1040ez form 20% on any amount that otherwise would be taxed at a 39. Irs1040ez form 6% rate. Irs1040ez form To qualify for the maximum rate, all of the following requirements must be met. Irs1040ez form The dividends must have been paid by a U. Irs1040ez form S. Irs1040ez form corporation or a qualified foreign corporation. Irs1040ez form (See Qualified foreign corporation , later. Irs1040ez form ) The dividends are not of the type listed later under Dividends that are not qualified dividends . Irs1040ez form You meet the holding period (discussed next). Irs1040ez form Holding period. Irs1040ez form   You must have held the stock for more than 60 days during the 121-day period that begins 60 days before the ex-dividend date. Irs1040ez form The ex-dividend date is the first date following the declaration of a dividend on which the buyer of a stock is not entitled to receive the next dividend payment. Irs1040ez form Instead, the seller will get the dividend. Irs1040ez form   When counting the number of days you held the stock, include the day you disposed of the stock, but not the day you acquired it. Irs1040ez form See the examples later. Irs1040ez form Exception for preferred stock. Irs1040ez form   In the case of preferred stock, you must have held the stock more than 90 days during the 181-day period that begins 90 days before the ex-dividend date if the dividends are due to periods totaling more than 366 days. Irs1040ez form If the preferred dividends are due to periods totaling less than 367 days, the holding period in the previous paragraph applies. Irs1040ez form Example 1. Irs1040ez form You bought 5,000 shares of XYZ Corp. Irs1040ez form common stock on July 9, 2013. Irs1040ez form XYZ Corp. Irs1040ez form paid a cash dividend of 10 cents per share. Irs1040ez form The ex-dividend date was July 16, 2013. Irs1040ez form Your Form 1099-DIV from XYZ Corp. Irs1040ez form shows $500 in box 1a (ordinary dividends) and in box 1b (qualified dividends). Irs1040ez form However, you sold the 5,000 shares on August 12, 2013. Irs1040ez form You held your shares of XYZ Corp. Irs1040ez form for only 34 days of the 121-day period (from July 10, 2013, through August 12, 2013). Irs1040ez form The 121-day period began on May 17, 2013 (60 days before the ex-dividend date), and ended on September 14, 2013. Irs1040ez form You have no qualified dividends from XYZ Corp. Irs1040ez form because you held the XYZ stock for less than 61 days. Irs1040ez form Example 2. Irs1040ez form Assume the same facts as in Example 1 except that you bought the stock on July 15, 2013 (the day before the ex-dividend date), and you sold the stock on September 16, 2013. Irs1040ez form You held the stock for 63 days (from July 16, 2013, through September 16, 2013). Irs1040ez form The $500 of qualified dividends shown in box 1b of your Form 1099-DIV are all qualified dividends because you held the stock for 61 days of the 121-day period (from July 16, 2013, through September 14, 2013). Irs1040ez form Example 3. Irs1040ez form You bought 10,000 shares of ABC Mutual Fund common stock on July 9, 2013. Irs1040ez form ABC Mutual Fund paid a cash dividend of 10 cents a share. Irs1040ez form The ex-dividend date was July 16, 2013. Irs1040ez form The ABC Mutual Fund advises you that the portion of the dividend eligible to be treated as qualified dividends equals 2 cents per share. Irs1040ez form Your Form 1099-DIV from ABC Mutual Fund shows total ordinary dividends of $1,000 and qualified dividends of $200. Irs1040ez form However, you sold the 10,000 shares on August 12, 2013. Irs1040ez form You have no qualified dividends from ABC Mutual Fund because you held the ABC Mutual Fund stock for less than 61 days. Irs1040ez form Holding period reduced where risk of loss is diminished. Irs1040ez form   When determining whether you met the minimum holding period discussed earlier, you cannot count any day during which you meet any of the following conditions. Irs1040ez form You had an option to sell, were under a contractual obligation to sell, or had made (and not closed) a short sale of substantially identical stock or securities. Irs1040ez form You were grantor (writer) of an option to buy substantially identical stock or securities. Irs1040ez form Your risk of loss is diminished by holding one or more other positions in substantially similar or related property. Irs1040ez form   For information about how to apply condition (3), see Regulations section 1. Irs1040ez form 246-5. Irs1040ez form Qualified foreign corporation. Irs1040ez form   A foreign corporation is a qualified foreign corporation if it meets any of the following conditions. Irs1040ez form The corporation is incorporated in a U. Irs1040ez form S. Irs1040ez form possession. Irs1040ez form The corporation is eligible for the benefits of a comprehensive income tax treaty with the United States that the Treasury Department determines is satisfactory for this purpose and that includes an exchange of information program. Irs1040ez form For a list of those treaties, see Table 8-1. Irs1040ez form The corporation does not meet (1) or (2) above, but the stock for which the dividend is paid is readily tradable on an established securities market in the United States. Irs1040ez form See Readily tradable stock , later. Irs1040ez form Exception. Irs1040ez form   A corporation is not a qualified foreign corporation if it is a passive foreign investment company during its tax year in which the dividends are paid or during its previous tax year. Irs1040ez form Readily tradable stock. Irs1040ez form   Any stock (such as common, ordinary, or preferred) or an American depositary receipt in respect of that stock is considered to satisfy requirement (3) under Qualified foreign corporation , if it is listed on a national securities exchange that is registered under section 6 of the Securities Exchange Act of 1934 or on the Nasdaq Stock Market. Irs1040ez form For a list of the exchanges that meet these requirements, see www. Irs1040ez form sec. Irs1040ez form gov/divisions/marketreg/mrexchanges. Irs1040ez form shtml. Irs1040ez form Dividends that are not qualified dividends. Irs1040ez form   The following dividends are not qualified dividends. Irs1040ez form They are not qualified dividends even if they are shown in box 1b of Form 1099-DIV. Irs1040ez form Capital gain distributions. Irs1040ez form Dividends paid on deposits with mutual savings banks, cooperative banks, credit unions, U. Irs1040ez form S. Irs1040ez form building and loan associations, U. Irs1040ez form S. Irs1040ez form savings and loan associations, federal savings and loan associations, and similar financial institutions. Irs1040ez form (Report these amounts as interest income. Irs1040ez form ) Dividends from a corporation that is a tax-exempt organization or farmer's cooperative during the corporation's tax year in which the dividends were paid or during the corporation's previous tax year. Irs1040ez form Dividends paid by a corporation on employer securities held on the date of record by an employee stock ownership plan (ESOP) maintained by that corporation. Irs1040ez form Dividends on any share of stock to the extent you are obligated (whether under a short sale or otherwise) to make related payments for positions in substantially similar or related property. Irs1040ez form Payments in lieu of dividends, but only if you know or have reason to know the payments are not qualified dividends. Irs1040ez form Payments shown in Form 1099-DIV, box 1b, from a foreign corporation to the extent you know or have reason to know the payments are not qualified dividends. Irs1040ez form Table 8-1. Irs1040ez form Income Tax Treaties Income tax treaties the United States has with the following countries satisfy requirement (2) under Qualified foreign corporation. Irs1040ez form Australia Indonesia Romania Austria Ireland Russian Bangladesh Israel Federation Barbados Italy Slovak Belgium Jamaica Republic Bulgaria Japan Slovenia Canada Kazakhstan South Africa China Korea Spain Cyprus Latvia Sri Lanka Czech Lithuania Sweden Republic Luxembourg Switzerland Denmark Malta Thailand Egypt Mexico Trinidad and Estonia Morocco Tobago Finland Netherlands Tunisia France New Zealand Turkey Germany Norway Ukraine Greece Pakistan United Hungary Philippines Kingdom Iceland Poland Venezuela India Portugal     Dividends Used to Buy More Stock The corporation in which you own stock may have a dividend reinvestment plan. Irs1040ez form This plan lets you choose to use your dividends to buy (through an agent) more shares of stock in the corporation instead of receiving the dividends in cash. Irs1040ez form Most mutual funds also permit shareholders to automatically reinvest distributions in more shares in the fund, instead of receiving cash. Irs1040ez form If you use your dividends to buy more stock at a price equal to its fair market value, you still must report the dividends as income. Irs1040ez form If you are a member of a dividend reinvestment plan that lets you buy more stock at a price less than its fair market value, you must report as dividend income the fair market value of the additional stock on the dividend payment date. Irs1040ez form You also must report as dividend income any service charge subtracted from your cash dividends before the dividends are used to buy the additional stock. Irs1040ez form But you may be able to deduct the service charge. Irs1040ez form See chapter 28 for more information about deducting expenses of producing income. Irs1040ez form In some dividend reinvestment plans, you can invest more cash to buy shares of stock at a price less than fair market value. Irs1040ez form If you choose to do this, you must report as dividend income the difference between the cash you invest and the fair market value of the stock you buy. Irs1040ez form When figuring this amount, use the fair market value of the stock on the dividend payment date. Irs1040ez form Money Market Funds Report amounts you receive from money market funds as dividend income. Irs1040ez form Money market funds are a type of mutual fund and should not be confused with bank money market accounts that pay interest. Irs1040ez form Capital Gain Distributions Capital gain distributions (also called capital gain dividends) are paid to you or credited to your account by mutual funds (or other regulated investment companies) and real estate investment trusts (REITs). Irs1040ez form They will be shown in box 2a of the Form 1099-DIV you receive from the mutual fund or REIT. Irs1040ez form Report capital gain distributions as long-term capital gains, regardless of how long you owned your shares in the mutual fund or REIT. Irs1040ez form Undistributed capital gains of mutual funds and REITs. Irs1040ez form    Some mutual funds and REITs keep their long-term capital gains and pay tax on them. Irs1040ez form You must treat your share of these gains as distributions, even though you did not actually receive them. Irs1040ez form However, they are not included on Form 1099-DIV. Irs1040ez form Instead, they are reported to you in box 1a of Form 2439. Irs1040ez form   Report undistributed capital gains (box 1a of Form 2439) as long-term capital gains on Schedule D (Form 1040), column (h), line 11. Irs1040ez form   The tax paid on these gains by the mutual fund or REIT is shown in box 2 of Form 2439. Irs1040ez form You take credit for this tax by including it on Form 1040, line 71, and checking box a on that line. Irs1040ez form Attach Copy B of Form 2439 to your return, and keep Copy C for your records. Irs1040ez form Basis adjustment. Irs1040ez form   Increase your basis in your mutual fund, or your interest in a REIT, by the difference between the gain you report and the credit you claim for the tax paid. Irs1040ez form Additional information. Irs1040ez form   For more information on the treatment of distributions from mutual funds, see Publication 550. Irs1040ez form Nondividend Distributions A nondividend distribution is a distribution that is not paid out of the earnings and profits of a corporation or a mutual fund. Irs1040ez form You should receive a Form 1099-DIV or other statement showing the nondividend distribution. Irs1040ez form On Form 1099-DIV, a nondividend distribution will be shown in box 3. Irs1040ez form If you do not receive such a statement, you report the distribution as an ordinary dividend. Irs1040ez form Basis adjustment. Irs1040ez form   A nondividend distribution reduces the basis of your stock. Irs1040ez form It is not taxed until your basis in the stock is fully recovered. Irs1040ez form This nontaxable portion is also called a return of capital; it is a return of your investment in the stock of the company. Irs1040ez form If you buy stock in a corporation in different lots at different times, and you cannot definitely identify the shares subject to the nondividend distribution, reduce the basis of your earliest purchases first. Irs1040ez form   When the basis of your stock has been reduced to zero, report any additional nondividend distribution you receive as a capital gain. Irs1040ez form Whether you report it as a long-term or short-term capital gain depends on how long you have held the stock. Irs1040ez form See Holding Period in chapter 14. Irs1040ez form Example. Irs1040ez form You bought stock in 2000 for $100. Irs1040ez form In 2003, you received a nondividend distribution of $80. Irs1040ez form You did not include this amount in your income, but you reduced the basis of your stock to $20. Irs1040ez form You received a nondividend distribution of $30 in 2013. Irs1040ez form The first $20 of this amount reduced your basis to zero. Irs1040ez form You report the other $10 as a long-term capital gain for 2013. Irs1040ez form You must report as a long-term capital gain any nondividend distribution you receive on this stock in later years. Irs1040ez form Liquidating Distributions Liquidating distributions, sometimes called liquidating dividends, are distributions you receive during a partial or complete liquidation of a corporation. Irs1040ez form These distributions are, at least in part, one form of a return of capital. Irs1040ez form They may be paid in one or more installments. Irs1040ez form You will receive Form 1099-DIV from the corporation showing you the amount of the liquidating distribution in box 8 or 9. Irs1040ez form For more information on liquidating distributions, see chapter 1 of Publication 550. Irs1040ez form Distributions of Stock and Stock Rights Distributions by a corporation of its own stock are commonly known as stock dividends. Irs1040ez form Stock rights (also known as “stock options”) are distributions by a corporation of rights to acquire the corporation's stock. Irs1040ez form Generally, stock dividends and stock rights are not taxable to you, and you do not report them on your return. Irs1040ez form Taxable stock dividends and stock rights. Irs1040ez form   Distributions of stock dividends and stock rights are taxable to you if any of the following apply. Irs1040ez form You or any other shareholder have the choice to receive cash or other property instead of stock or stock rights. Irs1040ez form The distribution gives cash or other property to some shareholders and an increase in the percentage interest in the corporation's assets or earnings and profits to other shareholders. Irs1040ez form The distribution is in convertible preferred stock and has the same result as in (2). Irs1040ez form The distribution gives preferred stock to some common stock shareholders and common stock to other common stock shareholders. Irs1040ez form The distribution is on preferred stock. Irs1040ez form (The distribution, however, is not taxable if it is an increase in the conversion ratio of convertible preferred stock made solely to take into account a stock dividend, stock split, or similar event that would otherwise result in reducing the conversion right. Irs1040ez form )   The term “stock” includes rights to acquire stock, and the term “shareholder” includes a holder of rights or of convertible securities. Irs1040ez form If you receive taxable stock dividends or stock rights, include their fair market value at the time of distribution in your income. Irs1040ez form Preferred stock redeemable at a premium. Irs1040ez form   If you hold preferred stock having a redemption price higher than its issue price, the difference (the redemption premium) generally is taxable as a constructive distribution of additional stock on the preferred stock. Irs1040ez form For more information, see chapter 1 of Publication 550. Irs1040ez form Basis. Irs1040ez form   Your basis in stock or stock rights received in a taxable distribution is their fair market value when distributed. Irs1040ez form If you receive stock or stock rights that are not taxable to you, see Stocks and Bonds under Basis of Investment Property in chapter 4 of Publication 550 for information on how to figure their basis. Irs1040ez form Fractional shares. Irs1040ez form    You may not own enough stock in a corporation to receive a full share of stock if the corporation declares a stock dividend. Irs1040ez form However, with the approval of the shareholders, the corporation may set up a plan in which fractional shares are not issued but instead are sold, and the cash proceeds are given to the shareholders. Irs1040ez form Any cash you receive for fractional shares under such a plan is treated as an amount realized on the sale of the fractional shares. Irs1040ez form Report this transaction on Form 8949, Sales and Other Dispositions of Capital Assets. Irs1040ez form Enter your gain or loss, the difference between the cash you receive and the basis of the fractional shares sold, in column (h) of Schedule D (Form 1040) in Part I or Part II, whichever is appropriate. Irs1040ez form    Report these transactions on Form 8949 with the correct box checked. Irs1040ez form   For more information on Form 8949 and Schedule D (Form 1040), see chapter 4 of Publication 550. Irs1040ez form Also see the Instructions for Form 8949 and the Instructions for Schedule D (Form 1040). Irs1040ez form Example. Irs1040ez form You own one share of common stock that you bought on January 3, 2004, for $100. Irs1040ez form The corporation declared a common stock dividend of 5% on June 29, 2013. Irs1040ez form The fair market value of the stock at the time the stock dividend was declared was $200. Irs1040ez form You were paid $10 for the fractional-share stock dividend under a plan described in the discussion above. Irs1040ez form You figure your gain or loss as follows: Fair market value of old stock $200. Irs1040ez form 00 Fair market value of stock dividend (cash received) +10. Irs1040ez form 00 Fair market value of old stock and stock dividend $210. Irs1040ez form 00 Basis (cost) of old stock after the stock dividend (($200 ÷ $210) × $100) $95. Irs1040ez form 24 Basis (cost) of stock dividend (($10 ÷ $210) × $100) + 4. Irs1040ez form 76 Total $100. Irs1040ez form 00 Cash received $10. Irs1040ez form 00 Basis (cost) of stock dividend − 4. Irs1040ez form 76 Gain $5. Irs1040ez form 24 Because you had held the share of stock for more than 1 year at the time the stock dividend was declared, your gain on the stock dividend is a long-term capital gain. Irs1040ez form Scrip dividends. Irs1040ez form   A corporation that declares a stock dividend may issue you a scrip certificate that entitles you to a fractional share. Irs1040ez form The certificate is generally nontaxable when you receive it. Irs1040ez form If you choose to have the corporation sell the certificate for you and give you the proceeds, your gain or loss is the difference between the proceeds and the portion of your basis in the corporation's stock allocated to the certificate. Irs1040ez form   However, if you receive a scrip certificate that you can choose to redeem for cash instead of stock, the certificate is taxable when you receive it. Irs1040ez form You must include its fair market value in income on the date you receive it. Irs1040ez form Other Distributions You may receive any of the following distributions during the year. Irs1040ez form Exempt-interest dividends. Irs1040ez form   Exempt-interest dividends you receive from a mutual fund or other regulated investment company, including those received from a qualified fund of funds in any tax year beginning after December 22, 2010, are not included in your taxable income. Irs1040ez form Exempt-interest dividends should be shown in box 10 of Form 1099-DIV. Irs1040ez form Information reporting requirement. Irs1040ez form   Although exempt-interest dividends are not taxable, you must show them on your tax return if you have to file a return. Irs1040ez form This is an information reporting requirement and does not change the exempt-interest dividends to taxable income. Irs1040ez form Alternative minimum tax treatment. Irs1040ez form   Exempt-interest dividends paid from specified private activity bonds may be subject to the alternative minimum tax. Irs1040ez form See Alternative Minimum Tax (AMT) in chapter 30 for more information. Irs1040ez form Dividends on insurance policies. Irs1040ez form    Insurance policy dividends the insurer keeps and uses to pay your premiums are not taxable. Irs1040ez form However, you must report as taxable interest income the interest that is paid or credited on dividends left with the insurance company. Irs1040ez form    If dividends on an insurance contract (other than a modified endowment contract) are distributed to you, they are a partial return of the premiums you paid. Irs1040ez form Do not include them in your gross income until they are more than the total of all net premiums you paid for the contract. Irs1040ez form Report any taxable distributions on insurance policies on Form 1040, line 21. Irs1040ez form Dividends on veterans' insurance. Irs1040ez form   Dividends you receive on veterans' insurance policies are not taxable. Irs1040ez form In addition, interest on dividends left with the Department of Veterans Affairs is not taxable. Irs1040ez form Patronage dividends. Irs1040ez form   Generally, patronage dividends you receive in money from a cooperative organization are included in your income. Irs1040ez form   Do not include in your income patronage dividends you receive on: Property bought for your personal use, or Capital assets or depreciable property bought for use in your business. Irs1040ez form But you must reduce the basis (cost) of the items bought. Irs1040ez form If the dividend is more than the adjusted basis of the assets, you must report the excess as income. Irs1040ez form   These rules are the same whether the cooperative paying the dividend is a taxable or tax-exempt cooperative. Irs1040ez form Alaska Permanent Fund dividends. Irs1040ez form    Do not report these amounts as dividends. Irs1040ez form Instead, report these amounts on Form 1040, line 21; Form 1040A, line 13; or Form 1040EZ, line 3. Irs1040ez form How To Report Dividend Income Generally, you can use either Form 1040 or Form 1040A to report your dividend income. Irs1040ez form Report the total of your ordinary dividends on line 9a of Form 1040 or Form 1040A. Irs1040ez form Report qualified dividends on line 9b of Form 1040 or Form 1040A. Irs1040ez form If you receive capital gain distributions, you may be able to use Form 1040A or you may have to use Form 1040. Irs1040ez form See Exceptions to filing Form 8949 and Schedule D (Form 1040) in chapter 16. Irs1040ez form If you receive nondividend distributions required to be reported as capital gains, you must use Form 1040. Irs1040ez form You cannot use Form 1040EZ if you receive any dividend income. Irs1040ez form Form 1099-DIV. Irs1040ez form   If you owned stock on which you received $10 or more in dividends and other distributions, you should receive a Form 1099-DIV. Irs1040ez form Even if you do not receive Form 1099-DIV, you must report all your dividend income. Irs1040ez form   See Form 1099-DIV for more information on how to report dividend income. Irs1040ez form Form 1040A or 1040. Irs1040ez form    You must complete Schedule B (Form 1040A or 1040), Part II, and attach it to your Form 1040A or 1040, if: Your ordinary dividends (Form 1099-DIV, box 1a) are more than $1,500, or You received, as a nominee, dividends that actually belong to someone else. Irs1040ez form If your ordinary dividends are more than $1,500, you must also complete Schedule B (Form 1040A or 1040), Part III. Irs1040ez form   List on Schedule B (Form 1040A or 1040), Part II, line 5, each payer's name and the ordinary dividends you received. Irs1040ez form If your securities are held by a brokerage firm (in “street name”), list the name of the brokerage firm shown on Form 1099-DIV as the payer. Irs1040ez form If your stock is held by a nominee who is the owner of record, and the nominee credited or paid you dividends on the stock, show the name of the nominee and the dividends you received or for which you were credited. Irs1040ez form   Enter on line 6 the total of the amounts listed on line 5. Irs1040ez form Also enter this total on line 9a of Form 1040A or 1040. Irs1040ez form Qualified dividends. Irs1040ez form   Report qualified dividends (Form 1099-DIV, box 1b) on line 9b of Form 1040 or Form 1040A. Irs1040ez form The amount in box 1b is already included in box 1a. Irs1040ez form Do not add the amount in box 1b to, or substract it from, the amount in box 1a. Irs1040ez form   Do not include any of the following on line 9b. Irs1040ez form Qualified dividends you received as a nominee. Irs1040ez form See Nominees under How to Report Dividend Income in chapter 1 of Publication 550. Irs1040ez form Dividends on stock for which you did not meet the holding period. Irs1040ez form See Holding period , earlier under Qualified Dividends. Irs1040ez form Dividends on any share of stock to the extent you are obligated (whether under a short sale or otherwise) to make related payments for positions in substantially similar or related property. Irs1040ez form Payments in lieu of dividends, but only if you know or have reason to know the payments are not qualified dividends. Irs1040ez form Payments shown in Form 1099-DIV, box 1b, from a foreign corporation to the extent you know or have reason to know the payments are not qualified dividends. Irs1040ez form   If you have qualified dividends, you must figure your tax by completing the Qualified Dividends and Capital Gain Tax Worksheet in the Form 1040 or 1040A instructions or the Schedule D Tax Worksheet in the Schedule D (Form 1040) instructions, whichever applies. Irs1040ez form Enter qualified dividends on line 2 of the worksheet. Irs1040ez form Investment interest deducted. Irs1040ez form   If you claim a deduction for investment interest, you may have to reduce the amount of your qualified dividends that are eligible for the 0%, 15%, or 20% tax rate. Irs1040ez form Reduce it by the qualified dividends you choose to include in investment income when figuring the limit on your investment interest deduction. Irs1040ez form This is done on the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet. Irs1040ez form For more information about the limit on investment interest, see Investment expenses in chapter 23. Irs1040ez form Expenses related to dividend income. Irs1040ez form   You may be able to deduct expenses related to dividend income if you itemize your deductions on Schedule A (Form 1040). Irs1040ez form See chapter 28 for general information about deducting expenses of producing income. Irs1040ez form More information. Irs1040ez form    For more information about how to report dividend income, see chapter 1 of Publication 550 or the instructions for the form you must file. Irs1040ez form Prev  Up  Next   Home   More Online Publications
Español

Coordinating Council on Juvenile Justice and Delinquency Prevention

An indepentdent federal body, the Coordinating Council on Juvenile Justice and Delinquency Prevention coordinates, studies the effectiveness of, and makes recommendations on juvenile crime prevention activities.

Contact the Agency or Department

Website: Coordinating Council on Juvenile Justice and Delinquency Prevention

Address: 810 7th St NW
Washington, DC 20531

Phone Number: (202) 616-7567

The Irs1040ez Form

Irs1040ez form 2. Irs1040ez form   Withholding Tax Table of Contents Topics - This chapter discusses: Useful Items - You may want to see: Income Tax Withholding Statement. Irs1040ez form 30% Flat Rate Withholding Social Security and Medicare TaxesGeneral Information Bilateral Social Security (Totalization) Agreements Topics - This chapter discusses: Withholding income tax from the pay of U. Irs1040ez form S. Irs1040ez form citizens, Withholding tax at a flat rate, and Social security and Medicare taxes. Irs1040ez form Useful Items - You may want to see: Publication 505 Tax Withholding and Estimated Tax Form (and Instructions) 673 Statement For Claiming Exemption From Withholding on Foreign Earned Income Eligible for the Exclusion Provided by Section 911 W-4 Employee's Withholding Allowance Certificate W-9 Request for Taxpayer Identification Number and Certification See chapter 7 for information about getting this publication and these forms. Irs1040ez form Income Tax Withholding U. Irs1040ez form S. Irs1040ez form employers generally must withhold U. Irs1040ez form S. Irs1040ez form income tax from the pay of U. Irs1040ez form S. Irs1040ez form citizens working abroad unless the employer is required by foreign law to withhold foreign income tax. Irs1040ez form Foreign earned income exclusion. Irs1040ez form   Your employer does not have to withhold U. Irs1040ez form S. Irs1040ez form income taxes from wages you earn abroad if it is reasonable to believe that you will exclude them from income under the foreign earned income exclusion or the foreign housing exclusion. Irs1040ez form   Your employer should withhold taxes from any wages you earn for working in the United States. Irs1040ez form Statement. Irs1040ez form   You can give a statement to your employer indicating that you expect to qualify for the foreign earned income exclusion under either the bona fide residence test or the physical presence test and indicating your estimated housing cost exclusion. Irs1040ez form   Form 673 is an acceptable statement. Irs1040ez form You can use Form 673 only if you are a U. Irs1040ez form S. Irs1040ez form citizen. Irs1040ez form You do not have to use the form. Irs1040ez form You can prepare your own statement. Irs1040ez form See a copy of Form 673, later. Irs1040ez form   Generally, your employer can stop the withholding once you submit the statement that includes a declaration that the statement is made under penalties of perjury. Irs1040ez form However, if your employer has reason to believe that you will not qualify for either the foreign earned income or the foreign housing exclusion, your employer must continue to withhold. Irs1040ez form   In determining whether your foreign earned income is more than the limit on either the foreign earned income exclusion or the foreign housing exclusion, if your employer has any information about pay you received from any other source outside the United States, your employer must take that information into account. Irs1040ez form Foreign tax credit. Irs1040ez form   If you plan to take a foreign tax credit, you may be eligible for additional withholding allowances on Form W-4. Irs1040ez form You can take these additional withholding allowances only for foreign tax credits attributable to taxable salary or wage income. Irs1040ez form Withholding from pension payments. Irs1040ez form   U. Irs1040ez form S. Irs1040ez form payers of benefits from employer-deferred compensation plans, individual retirement plans, and commercial annuities generally must withhold income tax from payments delivered outside of the United States. Irs1040ez form You can choose exemption from withholding if you: Provide the payer of the benefits with a residence address in the United States or a U. Irs1040ez form S. Irs1040ez form possession, or Certify to the payer that you are not a U. Irs1040ez form S. Irs1040ez form citizen or resident alien or someone who left the United States to avoid tax. Irs1040ez form Check your withholding. Irs1040ez form   Before you report U. Irs1040ez form S. Irs1040ez form income tax withholding on your tax return, you should carefully review all information documents, such as Form W-2, Wage and Tax Statement, and the Form 1099 information returns. Irs1040ez form Compare other records, such as final pay records or bank statements, with Form W-2 or Form 1099 to verify the withholding on these forms. Irs1040ez form Check your U. Irs1040ez form S. Irs1040ez form income tax withholding even if you pay someone else to prepare your tax return. Irs1040ez form You may be assessed penalties and interest if you claim more than your correct amount of withholding allowances. Irs1040ez form This image is too large to be displayed in the current screen. Irs1040ez form Please click the link to view the image. Irs1040ez form Form 673 30% Flat Rate Withholding Generally, U. Irs1040ez form S. Irs1040ez form payers of income other than wages, such as dividends and royalties, are required to withhold tax at a flat 30% (or lower treaty) rate on nonwage income paid to nonresident aliens. Irs1040ez form If you are a U. Irs1040ez form S. Irs1040ez form citizen or resident alien and this tax is withheld in error from payments to you because you have a foreign address, you should notify the payer of the income to stop the withholding. Irs1040ez form Use Form W-9 to notify the payer. Irs1040ez form You can claim the tax withheld in error as a withholding credit on your tax return if the amount is not adjusted by the payer. Irs1040ez form Social security benefits paid to residents. Irs1040ez form   If you are a lawful permanent resident (green card holder) and a flat 30% tax was withheld in error on your social security benefits, the tax is refundable by the Social Security Administration (SSA) or the IRS. Irs1040ez form The SSA will refund the tax withheld if the refund can be processed during the same calendar year in which the tax was withheld. Irs1040ez form If the SSA cannot refund the tax withheld, you must file a Form 1040 or 1040A with the Internal Revenue Service Center at the address listed under Where To File to determine if you are entitled to a refund. Irs1040ez form The following information must be submitted with your Form 1040 or Form 1040A. Irs1040ez form A copy of Form SSA-1042S, Social Security Benefit Statement. Irs1040ez form A copy of your “green card. Irs1040ez form ” A signed declaration that includes the following statements. Irs1040ez form   “I am a U. Irs1040ez form S. Irs1040ez form lawful permanent resident and my green card has been neither revoked nor administratively or judicially determined to have been abandoned. Irs1040ez form I am filing a U. Irs1040ez form S. Irs1040ez form income tax return for the taxable year as a resident alien reporting all of my worldwide income. Irs1040ez form I have not claimed benefits for the taxable year under an income tax treaty as a nonresident alien. Irs1040ez form ” Social Security and Medicare Taxes Social security and Medicare taxes may apply to wages paid to an employee regardless of where the services are performed. Irs1040ez form General Information In general, U. Irs1040ez form S. Irs1040ez form social security and Medicare taxes do not apply to wages for services you perform as an employee outside the United States unless one of the following exceptions applies. Irs1040ez form You perform the services on or in connection with an American vessel or aircraft (defined later) and either: You entered into your employment contract within the United States, or The vessel or aircraft touches at a U. Irs1040ez form S. Irs1040ez form port while you are employed on it. Irs1040ez form You are working in one of the countries with which the United States has entered into a bilateral social security agreement (discussed later). Irs1040ez form You are working for an American employer (defined later). Irs1040ez form You are working for a foreign affiliate (defined later) of an American employer under a voluntary agreement entered into between the American employer and the U. Irs1040ez form S. Irs1040ez form Treasury Department. Irs1040ez form American vessel or aircraft. Irs1040ez form   An American vessel is any vessel documented or numbered under the laws of the United States and any other vessel whose crew is employed solely by one or more U. Irs1040ez form S. Irs1040ez form citizens, residents, or corporations. Irs1040ez form An American aircraft is an aircraft registered under the laws of the United States. Irs1040ez form American employer. Irs1040ez form   An American employer includes any of the following. Irs1040ez form The U. Irs1040ez form S. Irs1040ez form Government or any of its instrumentalities. Irs1040ez form An individual who is a resident of the United States. Irs1040ez form A partnership of which at least two-thirds of the partners are U. Irs1040ez form S. Irs1040ez form residents. Irs1040ez form A trust of which all the trustees are U. Irs1040ez form S. Irs1040ez form residents. Irs1040ez form A corporation organized under the laws of the United States, any U. Irs1040ez form S. Irs1040ez form state, or the District of Columbia, Puerto Rico, the U. Irs1040ez form S. Irs1040ez form Virgin Islands, Guam, or American Samoa. Irs1040ez form   An American employer also includes any foreign person with an employee who is performing services in connection with a contract between the U. Irs1040ez form S. Irs1040ez form government (or any instrumentality thereof) and a member of a domestically controlled group of entities which includes such foreign person. Irs1040ez form Foreign affiliate. Irs1040ez form   A foreign affiliate of an American employer is any foreign entity in which the American employer has at least a 10% interest, directly or through one or more entities. Irs1040ez form For a corporation, the 10% interest must be in its voting stock. Irs1040ez form For any other entity, the 10% interest must be in its profits. Irs1040ez form   Form 2032, Contract Coverage Under Title II of the Social Security Act, is used by American employers to extend social security coverage to U. Irs1040ez form S. Irs1040ez form citizens and resident aliens working abroad for foreign affiliates of American employers. Irs1040ez form Once you enter into an agreement, coverage cannot be terminated. Irs1040ez form Excludable meals and lodging. Irs1040ez form   Social security tax does not apply to the value of meals and lodging provided to you for the convenience of your employer if it is reasonable to believe that you will be able to exclude the value from your income. Irs1040ez form Bilateral Social Security (Totalization) Agreements The United States has entered into agreements with some foreign countries to coordinate social security coverage and taxation of workers who are employed in those countries. Irs1040ez form These agreements are commonly referred to as totalization agreements and are in effect with the following countries. Irs1040ez form Australia Greece Norway Austria Ireland Poland Belgium Italy Portugal Canada Japan Spain Chile Korea, Sweden Czech South Switzerland Republic Luxembourg United Denmark Netherlands Kingdom Finland     France     Germany           Under these agreements, dual coverage and dual contributions (taxes) for the same work are eliminated. Irs1040ez form The agreements generally make sure that you pay social security taxes to only one country. Irs1040ez form Generally, under these agreements, you will only be subject to social security taxes in the country where you are working. Irs1040ez form However, if you are temporarily sent to work in a foreign country and your pay would otherwise be subject to social security taxes in both the United States and that country, you generally can remain covered only by U. Irs1040ez form S. Irs1040ez form social security. Irs1040ez form You can get more information on any specific agreement by contacting: Social Security Administration Office of International Programs P. Irs1040ez form O. Irs1040ez form Box 17741 Baltimore, MD 21235-7741 If you have access to the Internet, you can get more information at: http://www. Irs1040ez form socialsecurity. Irs1040ez form gov/international. Irs1040ez form Covered by U. Irs1040ez form S. Irs1040ez form only. Irs1040ez form   If your pay in a foreign country is subject only to U. Irs1040ez form S. Irs1040ez form social security tax and is exempt from foreign social security tax, your employer should get a certificate of coverage from the Office of International Programs. Irs1040ez form Covered by foreign country only. Irs1040ez form   If you are permanently working in a foreign country with which the United States has a social security agreement and, under the agreement, your pay is exempt from U. Irs1040ez form S. Irs1040ez form social security tax, you or your employer should get a statement from the authorized official or agency of the foreign country verifying that your pay is subject to social security coverage in that country. Irs1040ez form   If the authorities of the foreign country will not issue such a statement, either you or your employer should get a statement from the U. Irs1040ez form S. Irs1040ez form Social Security Administration, Office of International Programs, at the address listed earlier. Irs1040ez form The statement should indicate that your wages are not covered by the U. Irs1040ez form S. Irs1040ez form social security system. Irs1040ez form   This statement should be kept by your employer because it establishes that your pay is exempt from U. Irs1040ez form S. Irs1040ez form social security tax. Irs1040ez form   Only wages paid on or after the effective date of the totalization agreement can be exempt from U. Irs1040ez form S. Irs1040ez form social security tax. Irs1040ez form Prev  Up  Next   Home   More Online Publications