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Late Filing 2011 Taxes

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Late Filing 2011 Taxes

Late filing 2011 taxes 11. Late filing 2011 taxes   Patient-Centered Outcomes Research Fee Table of Contents The patient-centered outcomes research fee is imposed on issuers of specified health insurance policies (section 4375) and plan sponsors of applicable self-insured health plans (section 4376) for policy and plan years ending on or after October 1, 2012. Late filing 2011 taxes Generally, references to taxes on Form 720 include this fee. Late filing 2011 taxes Specified health insurance policies. Late filing 2011 taxes   For issuers of specified health insurance policies, the fee for a policy year ending before October 1, 2013, is $1. Late filing 2011 taxes 00, multiplied by the average number of lives covered under the policy for that policy year. Late filing 2011 taxes Generally, issuers of specified health insurance polices must use one of the following four alternative methods to determine the average number of lives covered under a policy for the policy year. Late filing 2011 taxes The actual count method. Late filing 2011 taxes For policy years that end on or after October 1, 2012, issuers using the actual count method may begin counting lives covered under a policy as of May 14, 2012, rather than the first day of the policy year, and divide by the appropriate number of days remaining in the policy year. Late filing 2011 taxes The snapshot method. Late filing 2011 taxes For policy years that end on or after October 1, 2012, but that began before May 14, 2012, issuers using the snapshot method may use counts from quarters beginning on or after May 14, 2012, to determine the average number of lives covered under the policy. Late filing 2011 taxes The member months method. Late filing 2011 taxes And, 4. Late filing 2011 taxes The state form method. Late filing 2011 taxes The member months data and the data reported on state forms are based on the calendar year. Late filing 2011 taxes To adjust for 2012, issuers will use a pro rata approach for calculating the average number of lives covered using the member months method or the state form method for 2012. Late filing 2011 taxes For example, issuers using the member months number for 2012 will divide the member months number by 12 and multiply the resulting number by one quarter to arrive at the average number of lives covered for October through December 2012. Late filing 2011 taxes Applicable self-insured health plans. Late filing 2011 taxes   For plan sponsors of applicable self-insured health plans, the fee for a plan year ending on or after October 1, 2012, and ending before October 1, 2013 is $1. Late filing 2011 taxes 00, multiplied by the average number of lives covered under the plan for that plan year. Late filing 2011 taxes Generally, plan sponsors of applicable self-insured health plans must use one of the following three alternative methods to determine the average number of lives covered under a plan for the plan year. Late filing 2011 taxes Actual count method. Late filing 2011 taxes Snapshot method. Late filing 2011 taxes Form 5500 method. Late filing 2011 taxes However, for plan years beginning before July 11, 2012, and ending on or after October 1, 2012, plan sponsors may determine the average number of lives covered under the plan for the plan year using any reasonable method. Late filing 2011 taxes Reporting and paying the fee. Late filing 2011 taxes   File Form 720 annually to report and pay the fee on the second quarter Form 720, no later than July 31 of the calendar year immediately following the last day of the policy year or plan year to which the fee applies. Late filing 2011 taxes If you file Form 720 only to report the fee, do not file Form 720 for the 1st, 3rd, or 4th quarters of the year. Late filing 2011 taxes If you file Form 720 to report quarterly excise tax liability for the 1st, 3rd, or 4th quarter of the year (for example, filers reporting the foreign insurance tax (IRS No. Late filing 2011 taxes 30)), do not make an entry on the line for IRS No. Late filing 2011 taxes 133 on those filings. Late filing 2011 taxes   Deposits are not required for this fee, so issuers and plan sponsors are not required to pay the fee using Electronic Federal Tax Payment System (EFTPS). Late filing 2011 taxes   However, if the fee is paid using EFTPS, the payment should be applied to the second quarter. Late filing 2011 taxes See Electronic deposit requirement under How To Make Deposits in chapter 13, later. Late filing 2011 taxes More information. Late filing 2011 taxes   For more information, including methods for calculating the average number of lives covered, see sections 4375, 4376, and 4377; also see T. Late filing 2011 taxes D. Late filing 2011 taxes 9602, which is on page 746 of I. Late filing 2011 taxes R. Late filing 2011 taxes B. Late filing 2011 taxes 2012-52 at www. Late filing 2011 taxes irs. Late filing 2011 taxes gov/pub/irs-irbs/irb12-52. Late filing 2011 taxes pdf. Late filing 2011 taxes Prev  Up  Next   Home   More Online Publications
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The Late Filing 2011 Taxes

Late filing 2011 taxes 4. Late filing 2011 taxes   Tax Withholding and Estimated Tax Table of Contents What's New for 2014 Reminders Introduction Useful Items - You may want to see: Tax Withholding for 2014Salaries and Wages Tips Taxable Fringe Benefits Sick Pay Pensions and Annuities Gambling Winnings Unemployment Compensation Federal Payments Backup Withholding Estimated Tax for 2014Who Does Not Have To Pay Estimated Tax Who Must Pay Estimated Tax How To Figure Estimated Tax When To Pay Estimated Tax How To Figure Each Payment How To Pay Estimated Tax Credit for Withholding and Estimated Tax for 2013Withholding Estimated Tax Underpayment Penalty for 2013 What's New for 2014 Tax law changes for 2014. Late filing 2011 taxes  When you figure how much income tax you want withheld from your pay and when you figure your estimated tax, consider tax law changes effective in 2014. Late filing 2011 taxes For more information, see Publication 505. Late filing 2011 taxes Reminders Estimated tax safe harbor for higher income taxpayers. Late filing 2011 taxes  If your 2013 adjusted gross income was more than $150,000 ($75,000 if you are married filing a separate return), you must pay the smaller of 90% of your expected tax for 2014 or 110% of the tax shown on your 2013 return to avoid an estimated tax penalty. Late filing 2011 taxes Introduction This chapter discusses how to pay your tax as you earn or receive income during the year. Late filing 2011 taxes In general, the federal income tax is a pay-as-you-go tax. Late filing 2011 taxes There are two ways to pay as you go. Late filing 2011 taxes Withholding. Late filing 2011 taxes If you are an employee, your employer probably withholds income tax from your pay. Late filing 2011 taxes Tax also may be withheld from certain other income, such as pensions, bonuses, commissions, and gambling winnings. Late filing 2011 taxes The amount withheld is paid to the IRS in your name. Late filing 2011 taxes Estimated tax. Late filing 2011 taxes If you do not pay your tax through withholding, or do not pay enough tax that way, you may have to pay estimated tax. Late filing 2011 taxes People who are in business for themselves generally will have to pay their tax this way. Late filing 2011 taxes Also, you may have to pay estimated tax if you receive income such as dividends, interest, capital gains, rent, and royalties. Late filing 2011 taxes Estimated tax is used to pay not only income tax, but self-employment tax and alternative minimum tax as well. Late filing 2011 taxes This chapter explains these methods. Late filing 2011 taxes In addition, it also explains the following. Late filing 2011 taxes Credit for withholding and estimated tax. Late filing 2011 taxes When you file your 2013 income tax return, take credit for all the income tax withheld from your salary, wages, pensions, etc. Late filing 2011 taxes , and for the estimated tax you paid for 2013. Late filing 2011 taxes Also take credit for any excess social security or railroad retirement tax withheld (discussed in chapter 37). Late filing 2011 taxes Underpayment penalty. Late filing 2011 taxes If you did not pay enough tax during the year, either through withholding or by making estimated tax payments, you may have to pay a penalty. Late filing 2011 taxes In most cases, the IRS can figure this penalty for you. Late filing 2011 taxes See Underpayment Penalty for 2013 at the end of this chapter. Late filing 2011 taxes Useful Items - You may want to see: Publication 505 Tax Withholding and Estimated Tax Form (and Instructions) W-4 Employee's Withholding Allowance Certificate W-4P Withholding Certificate for Pension or Annuity Payments W-4S Request for Federal Income Tax Withholding From Sick Pay W-4V Voluntary Withholding Request 1040-ES Estimated Tax for Individuals 2210 Underpayment of Estimated Tax by Individuals, Estates, and Trusts 2210-F Underpayment of Estimated Tax by Farmers and Fishermen Tax Withholding for 2014 This section discusses income tax withholding on: Salaries and wages, Tips, Taxable fringe benefits, Sick pay, Pensions and annuities, Gambling winnings, Unemployment compensation, and Certain federal payments. Late filing 2011 taxes This section explains the rules for withholding tax from each of these types of income. Late filing 2011 taxes This section also covers backup withholding on interest, dividends, and other payments. Late filing 2011 taxes Salaries and Wages Income tax is withheld from the pay of most employees. Late filing 2011 taxes Your pay includes your regular pay, bonuses, commissions, and vacation allowances. Late filing 2011 taxes It also includes reimbursements and other expense allowances paid under a nonaccountable plan. Late filing 2011 taxes See Supplemental Wages , later, for more information about reimbursements and allowances paid under a nonaccountable plan. Late filing 2011 taxes If your income is low enough that you will not have to pay income tax for the year, you may be exempt from withholding. Late filing 2011 taxes This is explained under Exemption From Withholding , later. Late filing 2011 taxes You can ask your employer to withhold income tax from noncash wages and other wages not subject to withholding. Late filing 2011 taxes If your employer does not agree to withhold tax, or if not enough is withheld, you may have to pay estimated tax, as discussed later under Estimated Tax for 2014 . Late filing 2011 taxes Military retirees. Late filing 2011 taxes   Military retirement pay is treated in the same manner as regular pay for income tax withholding purposes, even though it is treated as a pension or annuity for other tax purposes. Late filing 2011 taxes Household workers. Late filing 2011 taxes   If you are a household worker, you can ask your employer to withhold income tax from your pay. Late filing 2011 taxes A household worker is an employee who performs household work in a private home, local college club, or local fraternity or sorority chapter. Late filing 2011 taxes   Tax is withheld only if you want it withheld and your employer agrees to withhold it. Late filing 2011 taxes If you do not have enough income tax withheld, you may have to pay estimated tax, as discussed later under Estimated Tax for 2014 . Late filing 2011 taxes Farmworkers. Late filing 2011 taxes   Generally, income tax is withheld from your cash wages for work on a farm unless your employer does both of these: Pays you cash wages of less than $150 during the year, and Has expenditures for agricultural labor totaling less than $2,500 during the year. Late filing 2011 taxes Differential wage payments. Late filing 2011 taxes    When employees are on leave from employment for military duty, some employers make up the difference between the military pay and civilian pay. Late filing 2011 taxes Payments to an employee who is on active duty for a period of more than 30 days will be subject to income tax withholding, but not subject to social security or Medicare taxes. Late filing 2011 taxes The wages and withholding will be reported on Form W-2, Wage and Tax Statement. Late filing 2011 taxes   The credit employers can claim for differential wages paid to activated military reservists is scheduled to expire for wages paid after December 31, 2013. Late filing 2011 taxes Determining Amount of Tax Withheld Using Form W-4 The amount of income tax your employer withholds from your regular pay depends on two things. Late filing 2011 taxes The amount you earn in each payroll period. Late filing 2011 taxes The information you give your employer on Form W-4. Late filing 2011 taxes Form W-4 includes four types of information that your employer will use to figure your withholding. Late filing 2011 taxes Whether to withhold at the single rate or at the lower married rate. Late filing 2011 taxes How many withholding allowances you claim (each allowance reduces the amount withheld). Late filing 2011 taxes Whether you want an additional amount withheld. Late filing 2011 taxes Whether you are claiming an exemption from withholding in 2014. Late filing 2011 taxes See Exemption From Withholding , later. Late filing 2011 taxes Note. Late filing 2011 taxes You must specify a filing status and a number of withholding allowances on Form W-4. Late filing 2011 taxes You cannot specify only a dollar amount of withholding. Late filing 2011 taxes New Job When you start a new job, you must fill out Form W-4 and give it to your employer. Late filing 2011 taxes Your employer should have copies of the form. Late filing 2011 taxes If you need to change the information later, you must fill out a new form. Late filing 2011 taxes If you work only part of the year (for example, you start working after the beginning of the year), too much tax may be withheld. Late filing 2011 taxes You may be able to avoid overwithholding if your employer agrees to use the part-year method. Late filing 2011 taxes See Part-Year Method in chapter 1 of Publication 505 for more information. Late filing 2011 taxes Employee also receiving pension income. Late filing 2011 taxes   If you receive pension or annuity income and begin a new job, you will need to file Form W-4 with your new employer. Late filing 2011 taxes However, you can choose to split your withholding allowances between your pension and job in any manner. Late filing 2011 taxes Changing Your Withholding During the year changes may occur to your marital status, exemptions, adjustments, deductions, or credits you expect to claim on your tax return. Late filing 2011 taxes When this happens, you may need to give your employer a new Form W-4 to change your withholding status or your number of allowances. Late filing 2011 taxes If the changes reduce the number of allowances you are claiming or changes your marital status from married to single, you must give your employer a new Form W-4 within 10 days. Late filing 2011 taxes Generally, you can submit a new Form W-4 whenever you wish to change the number of your withholding allowances for any other reason. Late filing 2011 taxes Changing your withholding for 2015. Late filing 2011 taxes   If events in 2014 will decrease the number of your withholding allowances for 2015, you must give your employer a new Form W-4 by December 1, 2014. Late filing 2011 taxes If the event occurs in December 2014, submit a new Form W-4 within 10 days. Late filing 2011 taxes Checking Your Withholding After you have given your employer a Form W-4, you can check to see whether the amount of tax withheld from your pay is too little or too much. Late filing 2011 taxes If too much or too little tax is being withheld, you should give your employer a new Form W-4 to change your withholding. Late filing 2011 taxes You should try to have your withholding match your actual tax liability. Late filing 2011 taxes If not enough tax is withheld, you will owe tax at the end of the year and may have to pay interest and a penalty. Late filing 2011 taxes If too much tax is withheld, you will lose the use of that money until you get your refund. Late filing 2011 taxes Always check your withholding if there are personal or financial changes in your life or changes in the law that might change your tax liability. Late filing 2011 taxes Note. Late filing 2011 taxes You cannot give your employer a payment to cover withholding on salaries and wages for past pay periods or a payment for estimated tax. Late filing 2011 taxes Completing Form W-4 and Worksheets Form W-4 has worksheets to help you figure how many withholding allowances you can claim. Late filing 2011 taxes The worksheets are for your own records. Late filing 2011 taxes Do not give them to your employer. Late filing 2011 taxes Multiple jobs. Late filing 2011 taxes   If you have income from more than one job at the same time, complete only one set of Form W-4 worksheets. Late filing 2011 taxes Then split your allowances between the Forms W-4 for each job. Late filing 2011 taxes You cannot claim the same allowances with more than one employer at the same time. Late filing 2011 taxes You can claim all your allowances with one employer and none with the other(s), or divide them any other way. Late filing 2011 taxes Married individuals. Late filing 2011 taxes   If both you and your spouse are employed and expect to file a joint return, figure your withholding allowances using your combined income, adjustments, deductions, exemptions, and credits. Late filing 2011 taxes Use only one set of worksheets. Late filing 2011 taxes You can divide your total allowances any way, but you cannot claim an allowance that your spouse also claims. Late filing 2011 taxes   If you and your spouse expect to file separate returns, figure your allowances using separate worksheets based on your own individual income, adjustments, deductions, exemptions, and credits. Late filing 2011 taxes Alternative method of figuring withholding allowances. Late filing 2011 taxes   You do not have to use the Form W-4 worksheets if you use a more accurate method of figuring the number of withholding allowances. Late filing 2011 taxes For more information, see Alternative method of figuring withholding allowances under Completing Form W-4 and Worksheets in Publication 505, chapter 1. Late filing 2011 taxes Personal Allowances Worksheet. Late filing 2011 taxes   Use the Personal Allowances Worksheet on Form W-4 to figure your withholding allowances based on exemptions and any special allowances that apply. Late filing 2011 taxes Deduction and Adjustments Worksheet. Late filing 2011 taxes   Use the Deduction and Adjustments Worksheet on Form W-4 if you plan to itemize your deductions, claim certain credits, or claim adjustments to the income on your 2014 tax return and you want to reduce your withholding. Late filing 2011 taxes Also, complete this worksheet when you have changes to these items to see if you need to change your withholding. Late filing 2011 taxes Two-Earners/Multiple Jobs Worksheet. Late filing 2011 taxes   You may need to complete the Two-Earners/Multiple Jobs Worksheet on Form W-4 if you have more than one job, a working spouse, or are also receiving a pension. Late filing 2011 taxes Also, on this worksheet you can add any additional withholding necessary to cover any amount you expect to owe other than income tax, such as self-employment tax. Late filing 2011 taxes Getting the Right Amount of Tax Withheld In most situations, the tax withheld from your pay will be close to the tax you figure on your return if you follow these two rules. Late filing 2011 taxes You accurately complete all the Form W-4 worksheets that apply to you. Late filing 2011 taxes You give your employer a new Form W-4 when changes occur. Late filing 2011 taxes But because the worksheets and withholding methods do not account for all possible situations, you may not be getting the right amount withheld. Late filing 2011 taxes This is most likely to happen in the following situations. Late filing 2011 taxes You are married and both you and your spouse work. Late filing 2011 taxes You have more than one job at a time. Late filing 2011 taxes You have nonwage income, such as interest, dividends, alimony, unemployment compensation, or self-employment income. Late filing 2011 taxes You will owe additional amounts with your return, such as self-employment tax. Late filing 2011 taxes Your withholding is based on obsolete Form W-4 information for a substantial part of the year. Late filing 2011 taxes Your earnings are more than the amount shown under Check your withholding in the instructions at the top of page 1 of Form W-4. Late filing 2011 taxes You work only part of the year. Late filing 2011 taxes You change the number of your withholding allowances during the year. Late filing 2011 taxes Cumulative wage method. Late filing 2011 taxes   If you change the number of your withholding allowances during the year, too much or too little tax may have been withheld for the period before you made the change. Late filing 2011 taxes You may be able to compensate for this if your employer agrees to use the cumulative wage withholding method for the rest of the year. Late filing 2011 taxes You must ask your employer in writing to use this method. Late filing 2011 taxes   To be eligible, you must have been paid for the same kind of payroll period (weekly, biweekly, etc. Late filing 2011 taxes ) since the beginning of the year. Late filing 2011 taxes Publication 505 To make sure you are getting the right amount of tax withheld, get Publication 505. Late filing 2011 taxes It will help you compare the total tax to be withheld during the year with the tax you can expect to figure on your return. Late filing 2011 taxes It also will help you determine how much, if any, additional withholding is needed each payday to avoid owing tax when you file your return. Late filing 2011 taxes If you do not have enough tax withheld, you may have to pay estimated tax, as explained under Estimated Tax for 2014 , later. Late filing 2011 taxes You can use the IRS Withholding Calculator at www. Late filing 2011 taxes irs. Late filing 2011 taxes gov/Individuals, instead of Publication 505 or the worksheets included with Form W-4, to determine whether you need to have your withholding increased or decreased. Late filing 2011 taxes Rules Your Employer Must Follow It may be helpful for you to know some of the withholding rules your employer must follow. Late filing 2011 taxes These rules can affect how to fill out your Form W-4 and how to handle problems that may arise. Late filing 2011 taxes New Form W-4. Late filing 2011 taxes   When you start a new job, your employer should have you complete a Form W-4. Late filing 2011 taxes Beginning with your first payday, your employer will use the information you give on the form to figure your withholding. Late filing 2011 taxes   If you later fill out a new Form W-4, your employer can put it into effect as soon as possible. Late filing 2011 taxes The deadline for putting it into effect is the start of the first payroll period ending 30 or more days after you turn it in. Late filing 2011 taxes No Form W-4. Late filing 2011 taxes   If you do not give your employer a completed Form W-4, your employer must withhold at the highest rate, as if you were single and claimed no withholding allowances. Late filing 2011 taxes Repaying withheld tax. Late filing 2011 taxes   If you find you are having too much tax withheld because you did not claim all the withholding allowances you are entitled to, you should give your employer a new Form W-4. Late filing 2011 taxes Your employer cannot repay any of the tax previously withheld. Late filing 2011 taxes Instead, claim the full amount withheld when you file your tax return. Late filing 2011 taxes   However, if your employer has withheld more than the correct amount of tax for the Form W-4 you have in effect, you do not have to fill out a new Form W-4 to have your withholding lowered to the correct amount. Late filing 2011 taxes Your employer can repay the amount that was withheld incorrectly. Late filing 2011 taxes If you are not repaid, your Form W-2 will reflect the full amount actually withheld, which you would claim when you file your tax return. Late filing 2011 taxes Exemption From Withholding If you claim exemption from withholding, your employer will not withhold federal income tax from your wages. Late filing 2011 taxes The exemption applies only to income tax, not to social security or Medicare tax. Late filing 2011 taxes You can claim exemption from withholding for 2014 only if both of the following situations apply. Late filing 2011 taxes For 2013 you had a right to a refund of all federal income tax withheld because you had no tax liability. Late filing 2011 taxes For 2014 you expect a refund of all federal income tax withheld because you expect to have no tax liability. Late filing 2011 taxes Students. Late filing 2011 taxes   If you are a student, you are not automatically exempt. Late filing 2011 taxes See chapter 1 to find out if you must file a return. Late filing 2011 taxes If you work only part time or only during the summer, you may qualify for exemption from withholding. Late filing 2011 taxes Age 65 or older or blind. Late filing 2011 taxes   If you are 65 or older or blind, use Worksheet 1-3 or 1-4 in chapter 1 of Publication 505, to help you decide if you qualify for exemption from withholding. Late filing 2011 taxes Do not use either worksheet if you will itemize deductions, claim exemptions for dependents, or claim tax credits on your 2014 return. Late filing 2011 taxes Instead, see Itemizing deductions or claiming exemptions or credits in chapter 1 of Publication 505. Late filing 2011 taxes Claiming exemption from withholding. Late filing 2011 taxes   To claim exemption, you must give your employer a Form W-4. Late filing 2011 taxes Do not complete lines 5 and 6. Late filing 2011 taxes Enter “Exempt” on line 7. Late filing 2011 taxes   If you claim exemption, but later your situation changes so that you will have to pay income tax after all, you must file a new Form W-4 within 10 days after the change. Late filing 2011 taxes If you claim exemption in 2014, but you expect to owe income tax for 2015, you must file a new Form W-4 by December 1, 2014. Late filing 2011 taxes   Your claim of exempt status may be reviewed by the IRS. Late filing 2011 taxes An exemption is good for only 1 year. Late filing 2011 taxes   You must give your employer a new Form W-4 by February 15 each year to continue your exemption. Late filing 2011 taxes Supplemental Wages Supplemental wages include bonuses, commissions, overtime pay, vacation allowances, certain sick pay, and expense allowances under certain plans. Late filing 2011 taxes The payer can figure withholding on supplemental wages using the same method used for your regular wages. Late filing 2011 taxes However, if these payments are identified separately from your regular wages, your employer or other payer of supplemental wages can withhold income tax from these wages at a flat rate. Late filing 2011 taxes Expense allowances. Late filing 2011 taxes   Reimbursements or other expense allowances paid by your employer under a nonaccountable plan are treated as supplemental wages. Late filing 2011 taxes   Reimbursements or other expense allowances paid under an accountable plan that are more than your proven expenses are treated as paid under a nonaccountable plan if you do not return the excess payments within a reasonable period of time. Late filing 2011 taxes   For more information about accountable and nonaccountable expense allowance plans, see Reimbursements in chapter 26. Late filing 2011 taxes Penalties You may have to pay a penalty of $500 if both of the following apply. Late filing 2011 taxes You make statements or claim withholding allowances on your Form W-4 that reduce the amount of tax withheld. Late filing 2011 taxes You have no reasonable basis for those statements or allowances at the time you prepare your Form W-4. Late filing 2011 taxes There is also a criminal penalty for willfully supplying false or fraudulent information on your Form W-4 or for willfully failing to supply information that would increase the amount withheld. Late filing 2011 taxes The penalty upon conviction can be either a fine of up to $1,000 or imprisonment for up to 1 year, or both. Late filing 2011 taxes These penalties will apply if you deliberately and knowingly falsify your Form W-4 in an attempt to reduce or eliminate the proper withholding of taxes. Late filing 2011 taxes A simple error or an honest mistake will not result in one of these penalties. Late filing 2011 taxes For example, a person who has tried to figure the number of withholding allowances correctly, but claims seven when the proper number is six, will not be charged a W-4 penalty. Late filing 2011 taxes Tips The tips you receive while working on your job are considered part of your pay. Late filing 2011 taxes You must include your tips on your tax return on the same line as your regular pay. Late filing 2011 taxes However, tax is not withheld directly from tip income, as it is from your regular pay. Late filing 2011 taxes Nevertheless, your employer will take into account the tips you report when figuring how much to withhold from your regular pay. Late filing 2011 taxes See chapter 6 for information on reporting your tips to your employer. Late filing 2011 taxes For more information on the withholding rules for tip income, see Publication 531, Reporting Tip Income. Late filing 2011 taxes How employer figures amount to withhold. Late filing 2011 taxes   The tips you report to your employer are counted as part of your income for the month you report them. Late filing 2011 taxes Your employer can figure your withholding in either of two ways. Late filing 2011 taxes By withholding at the regular rate on the sum of your pay plus your reported tips. Late filing 2011 taxes By withholding at the regular rate on your pay plus a percentage of your reported tips. Late filing 2011 taxes Not enough pay to cover taxes. Late filing 2011 taxes   If your regular pay is not enough for your employer to withhold all the tax (including income tax and social security and Medicare taxes (or the equivalent railroad retirement tax)) due on your pay plus your tips, you can give your employer money to cover the shortage. Late filing 2011 taxes See Giving your employer money for taxes in chapter 6. Late filing 2011 taxes Allocated tips. Late filing 2011 taxes   Your employer should not withhold income tax, Medicare tax, social security tax, or railroad retirement tax on any allocated tips. Late filing 2011 taxes Withholding is based only on your pay plus your reported tips. Late filing 2011 taxes Your employer should refund to you any incorrectly withheld tax. Late filing 2011 taxes See Allocated Tips in chapter 6 for more information. Late filing 2011 taxes Taxable Fringe Benefits The value of certain noncash fringe benefits you receive from your employer is considered part of your pay. Late filing 2011 taxes Your employer generally must withhold income tax on these benefits from your regular pay. Late filing 2011 taxes For information on fringe benefits, see Fringe Benefits under Employee Compensation in chapter 5. Late filing 2011 taxes Although the value of your personal use of an employer-provided car, truck, or other highway motor vehicle is taxable, your employer can choose not to withhold income tax on that amount. Late filing 2011 taxes Your employer must notify you if this choice is made. Late filing 2011 taxes For more information on withholding on taxable fringe benefits, see chapter 1 of Publication 505. Late filing 2011 taxes Sick Pay Sick pay is a payment to you to replace your regular wages while you are temporarily absent from work due to sickness or personal injury. Late filing 2011 taxes To qualify as sick pay, it must be paid under a plan to which your employer is a party. Late filing 2011 taxes If you receive sick pay from your employer or an agent of your employer, income tax must be withheld. Late filing 2011 taxes An agent who does not pay regular wages to you may choose to withhold income tax at a flat rate. Late filing 2011 taxes However, if you receive sick pay from a third party who is not acting as an agent of your employer, income tax will be withheld only if you choose to have it withheld. Late filing 2011 taxes See Form W-4S , later. Late filing 2011 taxes If you receive payments under a plan in which your employer does not participate (such as an accident or health plan where you paid all the premiums), the payments are not sick pay and usually are not taxable. Late filing 2011 taxes Union agreements. Late filing 2011 taxes   If you receive sick pay under a collective bargaining agreement between your union and your employer, the agreement may determine the amount of income tax withholding. Late filing 2011 taxes See your union representative or your employer for more information. Late filing 2011 taxes Form W-4S. Late filing 2011 taxes   If you choose to have income tax withheld from sick pay paid by a third party, such as an insurance company, you must fill out Form W-4S. Late filing 2011 taxes Its instructions contain a worksheet you can use to figure the amount you want withheld. Late filing 2011 taxes They also explain restrictions that may apply. Late filing 2011 taxes   Give the completed form to the payer of your sick pay. Late filing 2011 taxes The payer must withhold according to your directions on the form. Late filing 2011 taxes Estimated tax. Late filing 2011 taxes   If you do not request withholding on Form W-4S, or if you do not have enough tax withheld, you may have to make estimated tax payments. Late filing 2011 taxes If you do not pay enough tax, either through estimated tax or withholding, or a combination of both, you may have to pay a penalty. Late filing 2011 taxes See Underpayment Penalty for 2013 at the end of this chapter. Late filing 2011 taxes Pensions and Annuities Income tax usually will be withheld from your pension or annuity distributions unless you choose not to have it withheld. Late filing 2011 taxes This rule applies to distributions from: A traditional individual retirement arrangement (IRA); A life insurance company under an endowment, annuity, or life insurance contract; A pension, annuity, or profit-sharing plan; A stock bonus plan; and Any other plan that defers the time you receive compensation. Late filing 2011 taxes The amount withheld depends on whether you receive payments spread out over more than 1 year (periodic payments), within 1 year (nonperiodic payments), or as an eligible rollover distribution (ERD). Late filing 2011 taxes Income tax withholding from an ERD is mandatory. Late filing 2011 taxes More information. Late filing 2011 taxes   For more information on taxation of annuities and distributions (including ERDs) from qualified retirement plans, see chapter 10. Late filing 2011 taxes For information on IRAs, see chapter 17. Late filing 2011 taxes For more information on withholding on pensions and annuities, including a discussion of Form W-4P, see Pensions and Annuities in chapter 1 of Publication 505. Late filing 2011 taxes Gambling Winnings Income tax is withheld at a flat 25% rate from certain kinds of gambling winnings. Late filing 2011 taxes Gambling winnings of more than $5,000 from the following sources are subject to income tax withholding. Late filing 2011 taxes Any sweepstakes; wagering pool, including payments made to winners of poker tournaments; or lottery. Late filing 2011 taxes Any other wager, if the proceeds are at least 300 times the amount of the bet. Late filing 2011 taxes It does not matter whether your winnings are paid in cash, in property, or as an annuity. Late filing 2011 taxes Winnings not paid in cash are taken into account at their fair market value. Late filing 2011 taxes Exception. Late filing 2011 taxes   Gambling winnings from bingo, keno, and slot machines generally are not subject to income tax withholding. Late filing 2011 taxes However, you may need to provide the payer with a social security number to avoid withholding. Late filing 2011 taxes See Backup withholding on gambling winnings in chapter 1 of Publication 505. Late filing 2011 taxes If you receive gambling winnings not subject to withholding, you may need to pay estimated tax. Late filing 2011 taxes See Estimated Tax for 2014 , later. Late filing 2011 taxes If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Late filing 2011 taxes See Underpayment Penalty for 2013 at the end of this chapter. Late filing 2011 taxes Form W-2G. Late filing 2011 taxes   If a payer withholds income tax from your gambling winnings, you should receive a Form W-2G, Certain Gambling Winnings, showing the amount you won and the amount withheld. Late filing 2011 taxes Report the tax withheld on line 62 of Form 1040. Late filing 2011 taxes Unemployment Compensation You can choose to have income tax withheld from unemployment compensation. Late filing 2011 taxes To make this choice, fill out Form W-4V (or a similar form provided by the payer) and give it to the payer. Late filing 2011 taxes All unemployment compensation is taxable. Late filing 2011 taxes So, if you do not have income tax withheld, you may have to pay estimated tax. Late filing 2011 taxes See Estimated Tax for 2014 , later. Late filing 2011 taxes If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Late filing 2011 taxes For information, see Underpayment Penalty for 2013 at the end of this chapter. Late filing 2011 taxes Federal Payments You can choose to have income tax withheld from certain federal payments you receive. Late filing 2011 taxes These payments are: Social security benefits, Tier 1 railroad retirement benefits, Commodity credit corporation loans you choose to include in your gross income, Payments under the Agricultural Act of 1949 (7 U. Late filing 2011 taxes S. Late filing 2011 taxes C. Late filing 2011 taxes 1421 et. Late filing 2011 taxes seq. Late filing 2011 taxes ), as amended, or title II of the Disaster Assistance Act of 1988, that are treated as insurance proceeds and that you receive because: Your crops were destroyed or damaged by drought, flood, or any other natural disaster, or You were unable to plant crops because of a natural disaster described in (a), and Any other payment under Federal law as determined by the Secretary. Late filing 2011 taxes To make this choice, fill out Form W-4V (or a similar form provided by the payer) and give it to the payer. Late filing 2011 taxes If you do not choose to have income tax withheld, you may have to pay estimated tax. Late filing 2011 taxes See Estimated Tax for 2014 , later. Late filing 2011 taxes If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Late filing 2011 taxes For information, see Underpayment Penalty for 2013 at the end of this chapter. Late filing 2011 taxes More information. Late filing 2011 taxes   For more information about the tax treatment of social security and railroad retirement benefits, see chapter 11. Late filing 2011 taxes Get Publication 225, Farmer's Tax Guide, for information about the tax treatment of commodity credit corporation loans or crop disaster payments. Late filing 2011 taxes Backup Withholding Banks or other businesses that pay you certain kinds of income must file an information return (Form 1099) with the IRS. Late filing 2011 taxes The information return shows how much you were paid during the year. Late filing 2011 taxes It also includes your name and taxpayer identification number (TIN). Late filing 2011 taxes TINs are explained in chapter 1 under Social Security Number (SSN) . Late filing 2011 taxes These payments generally are not subject to withholding. Late filing 2011 taxes However, “backup” withholding is required in certain situations. Late filing 2011 taxes Backup withholding can apply to most kinds of payments that are reported on Form 1099. Late filing 2011 taxes The payer must withhold at a flat 28% rate in the following situations. Late filing 2011 taxes You do not give the payer your TIN in the required manner. Late filing 2011 taxes The IRS notifies the payer that the TIN you gave is incorrect. Late filing 2011 taxes You are required, but fail, to certify that you are not subject to backup withholding. Late filing 2011 taxes The IRS notifies the payer to start withholding on interest or dividends because you have underreported interest or dividends on your income tax return. Late filing 2011 taxes The IRS will do this only after it has mailed you four notices over at least a 210-day period. Late filing 2011 taxes See Backup Withholding in chapter 1 of Publication 505 for more information. Late filing 2011 taxes Penalties. Late filing 2011 taxes   There are civil and criminal penalties for giving false information to avoid backup withholding. Late filing 2011 taxes The civil penalty is $500. Late filing 2011 taxes The criminal penalty, upon conviction, is a fine of up to $1,000 or imprisonment of up to 1 year, or both. Late filing 2011 taxes Estimated Tax for 2014 Estimated tax is the method used to pay tax on income that is not subject to withholding. Late filing 2011 taxes This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes, and awards. Late filing 2011 taxes You also may have to pay estimated tax if the amount of income tax being withheld from your salary, pension, or other income is not enough. Late filing 2011 taxes Estimated tax is used to pay both income tax and self-employment tax, as well as other taxes and amounts reported on your tax return. Late filing 2011 taxes If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Late filing 2011 taxes If you do not pay enough by the due date of each payment period (see When To Pay Estimated Tax , later), you may be charged a penalty even if you are due a refund when you file your tax return. Late filing 2011 taxes For information on when the penalty applies, see Underpayment Penalty for 2013 at the end of this chapter. Late filing 2011 taxes Who Does Not Have To Pay Estimated Tax If you receive salaries or wages, you can avoid having to pay estimated tax by asking your employer to take more tax out of your earnings. Late filing 2011 taxes To do this, give a new Form W-4 to your employer. Late filing 2011 taxes See chapter 1 of Publication 505. Late filing 2011 taxes Estimated tax not required. Late filing 2011 taxes   You do not have to pay estimated tax for 2014 if you meet all three of the following conditions. Late filing 2011 taxes You had no tax liability for 2013. Late filing 2011 taxes You were a U. Late filing 2011 taxes S. Late filing 2011 taxes citizen or resident alien for the whole year. Late filing 2011 taxes Your 2013 tax year covered a 12-month period. Late filing 2011 taxes   You had no tax liability for 2013 if your total tax was zero or you did not have to file an income tax return. Late filing 2011 taxes For the definition of “total tax” for 2013, see Publication 505, chapter 2. Late filing 2011 taxes Who Must Pay Estimated Tax If you owe additional tax for 2013, you may have to pay estimated tax for 2014. Late filing 2011 taxes You can use the following general rule as a guide during the year to see if you will have enough withholding, or if you should increase your withholding or make estimated tax payments. Late filing 2011 taxes General rule. Late filing 2011 taxes   In most cases, you must pay estimated tax for 2014 if both of the following apply. Late filing 2011 taxes You expect to owe at least $1,000 in tax for 2014, after subtracting your withholding and refundable credits. Late filing 2011 taxes You expect your withholding plus your refundable credits to be less than the smaller of: 90% of the tax to be shown on your 2014 tax return, or 100% of the tax shown on your 2013 tax return (but see Special rules for farmers, fishermen, and higher income taxpayers, later). Late filing 2011 taxes Your 2013 tax return must cover all 12 months. Late filing 2011 taxes    If the result from using the general rule above suggests that you will not have enough withholding, complete the 2014 Estimated Tax Worksheet in Publication 505 for a more accurate calculation. Late filing 2011 taxes Special rules for farmers, fishermen, and higher income taxpayers. Late filing 2011 taxes   If at least two-thirds of your gross income for tax year 2013 or 2014 is from farming or fishing, substitute 662/3% for 90% in (2a) under the General rule, earlier. Late filing 2011 taxes If your AGI for 2013 was more than $150,000 ($75,000 if your filing status for 2014 is married filing a separate return), substitute 110% for 100% in (2b) under General rule , earlier. Late filing 2011 taxes See Figure 4-A and Publication 505, chapter 2 for more information. Late filing 2011 taxes Figure 4-A. Late filing 2011 taxes Do You Have To Pay Estimated Tax? Please click here for the text description of the image. Late filing 2011 taxes Figure 4-A Do You Have To Pay Estimated Tax? Aliens. Late filing 2011 taxes   Resident and nonresident aliens also may have to pay estimated tax. Late filing 2011 taxes Resident aliens should follow the rules in this chapter unless noted otherwise. Late filing 2011 taxes Nonresident aliens should get Form 1040-ES (NR), U. Late filing 2011 taxes S. Late filing 2011 taxes Estimated Tax for Nonresident Alien Individuals. Late filing 2011 taxes   You are an alien if you are not a citizen or national of the United States. Late filing 2011 taxes You are a resident alien if you either have a green card or meet the substantial presence test. Late filing 2011 taxes For more information about the substantial presence test, see Publication 519, U. Late filing 2011 taxes S. Late filing 2011 taxes Tax Guide for Aliens. Late filing 2011 taxes Married taxpayers. Late filing 2011 taxes   If you qualify to make joint estimated tax payments, apply the rules discussed here to your joint estimated income. Late filing 2011 taxes   You and your spouse can make joint estimated tax payments even if you are not living together. Late filing 2011 taxes   However, you and your spouse cannot make joint estimated tax payments if:  You are legally separated under a decree of divorce or separate maintenance, You and your spouse have different tax years, or Either spouse is a nonresident alien (unless that spouse elected to be treated as a resident alien for tax purposes (see chapter 1 of Publication 519)). Late filing 2011 taxes   If you do not qualify to make joint estimated tax payments, apply these rules to your separate estimated income. Late filing 2011 taxes Making joint or separate estimated tax payments will not affect your choice of filing a joint tax return or separate returns for 2014. Late filing 2011 taxes 2013 separate returns and 2014 joint return. Late filing 2011 taxes   If you plan to file a joint return with your spouse for 2014, but you filed separate returns for 2013, your 2013 tax is the total of the tax shown on your separate returns. Late filing 2011 taxes You filed a separate return if you filed as single, head of household, or married filing separately. Late filing 2011 taxes 2013 joint return and 2014 separate returns. Late filing 2011 taxes   If you plan to file a separate return for 2014 but you filed a joint return for 2013, your 2013 tax is your share of the tax on the joint return. Late filing 2011 taxes You file a separate return if you file as single, head of household, or married filing separately. Late filing 2011 taxes   To figure your share of the tax on the joint return, first figure the tax both you and your spouse would have paid had you filed separate returns for 2013 using the same filing status as for 2014. Late filing 2011 taxes Then multiply the tax on the joint return by the following fraction. Late filing 2011 taxes     The tax you would have paid had you filed a separate return   The total tax you and your spouse would have paid had you filed separate returns Example. Late filing 2011 taxes Joe and Heather filed a joint return for 2013 showing taxable income of $48,500 and a tax of $6,386. Late filing 2011 taxes Of the $48,500 taxable income, $40,100 was Joe's and the rest was Heather's. Late filing 2011 taxes For 2014, they plan to file married filing separately. Late filing 2011 taxes Joe figures his share of the tax on the 2013 joint return as follows. Late filing 2011 taxes   Tax on $40,100 based on a separate return $5,960     Tax on $8,400 based on a separate return 843     Total $6,803     Joe's percentage of total ($5,960 ÷ $6,803) 87. Late filing 2011 taxes 6%     Joe's share of tax on joint return  ($6,386 × 87. Late filing 2011 taxes 6%) $5,594   How To Figure Estimated Tax To figure your estimated tax, you must figure your expected adjusted gross income (AGI), taxable income, taxes, deductions, and credits for the year. Late filing 2011 taxes When figuring your 2014 estimated tax, it may be helpful to use your income, deductions, and credits for 2013 as a starting point. Late filing 2011 taxes Use your 2013 federal tax return as a guide. Late filing 2011 taxes You can use Form 1040-ES and Publication 505 to figure your estimated tax. Late filing 2011 taxes Nonresident aliens use Form 1040-ES (NR) and Publication 505 to figure estimated tax (see chapter 8 of Publication 519 for more information). Late filing 2011 taxes You must make adjustments both for changes in your own situation and for recent changes in the tax law. Late filing 2011 taxes For a discussion of these changes, visit IRS. Late filing 2011 taxes gov. Late filing 2011 taxes For more complete information on how to figure your estimated tax for 2014, see chapter 2 of Publication 505. Late filing 2011 taxes When To Pay Estimated Tax For estimated tax purposes, the tax year is divided into four payment periods. Late filing 2011 taxes Each period has a specific payment due date. Late filing 2011 taxes If you do not pay enough tax by the due date of each payment period, you may be charged a penalty even if you are due a refund when you file your income tax return. Late filing 2011 taxes The payment periods and due dates for estimated tax payments are shown next. Late filing 2011 taxes   For the period: Due date:*     Jan. Late filing 2011 taxes 1 – March 31 April 15     April 1 – May 31 June 16     June 1 – August 31 Sept. Late filing 2011 taxes 15     Sept. Late filing 2011 taxes 1– Dec. Late filing 2011 taxes 31 Jan. Late filing 2011 taxes 15, next year     *See Saturday, Sunday, holiday rule and January payment . Late filing 2011 taxes Saturday, Sunday, holiday rule. Late filing 2011 taxes   If the due date for an estimated tax payment falls on a Saturday, Sunday, or legal holiday, the payment will be on time if you make it on the next day that is not a Saturday, Sunday, or legal holiday. Late filing 2011 taxes January payment. Late filing 2011 taxes   If you file your 2014 Form 1040 or Form 1040A by January 31, 2015, and pay the rest of the tax you owe, you do not need to make the payment due on January 15, 2015. Late filing 2011 taxes Fiscal year taxpayers. Late filing 2011 taxes   If your tax year does not start on January 1, see the Form 1040-ES instructions for your payment due dates. Late filing 2011 taxes When To Start You do not have to make estimated tax payments until you have income on which you will owe income tax. Late filing 2011 taxes If you have income subject to estimated tax during the first payment period, you must make your first payment by the due date for the first payment period. Late filing 2011 taxes You can pay all your estimated tax at that time, or you can pay it in installments. Late filing 2011 taxes If you choose to pay in installments, make your first payment by the due date for the first payment period. Late filing 2011 taxes Make your remaining installment payments by the due dates for the later periods. Late filing 2011 taxes No income subject to estimated tax during first period. Late filing 2011 taxes    If you do not have income subject to estimated tax until a later payment period, you must make your first payment by the due date for that period. Late filing 2011 taxes You can pay your entire estimated tax by the due date for that period or you can pay it in installments by the due date for that period and the due dates for the remaining periods. Late filing 2011 taxes The following chart shows when to make installment payments. Late filing 2011 taxes If you first have income on which you must pay estimated tax: Make a payment  by:* Make later installments by:* Before April 1 April 15 June 16 Sept. Late filing 2011 taxes 15 Jan. Late filing 2011 taxes 15 next year April 1–May 31 June 16 Sept. Late filing 2011 taxes 15 Jan. Late filing 2011 taxes 15 next year June 1–Aug. Late filing 2011 taxes 31 Sept. Late filing 2011 taxes 15 Jan. Late filing 2011 taxes 15 next year After Aug. Late filing 2011 taxes 31 Jan. Late filing 2011 taxes 15 next year (None) *See Saturday, Sunday, holiday rule and January payment . Late filing 2011 taxes How much to pay to avoid a penalty. Late filing 2011 taxes   To determine how much you should pay by each payment due date, see How To Figure Each Payment, next. Late filing 2011 taxes How To Figure Each Payment You should pay enough estimated tax by the due date of each payment period to avoid a penalty for that period. Late filing 2011 taxes You can figure your required payment for each period by using either the regular installment method or the annualized income installment method. Late filing 2011 taxes These methods are described in chapter 2 of Publication 505. Late filing 2011 taxes If you do not pay enough during each payment period, you may be charged a penalty even if you are due a refund when you file your tax return. Late filing 2011 taxes If the earlier discussion of No income subject to estimated tax during first period or the later discussion of Change in estimated tax applies to you, you may benefit from reading Annualized Income Installment Method in chapter 2 of Publication 505 for information on how to avoid a penalty. Late filing 2011 taxes Underpayment penalty. Late filing 2011 taxes   Under the regular installment method, if your estimated tax payment for any period is less than one-fourth of your estimated tax, you may be charged a penalty for underpayment of estimated tax for that period when you file your tax return. Late filing 2011 taxes Under the annualized income installment method, your estimated tax payments vary with your income, but the amount required must be paid each period. Late filing 2011 taxes See chapter 4 of Publication 505 for more information. Late filing 2011 taxes Change in estimated tax. Late filing 2011 taxes   After you make an estimated tax payment, changes in your income, adjustments, deductions, credits, or exemptions may make it necessary for you to refigure your estimated tax. Late filing 2011 taxes Pay the unpaid balance of your amended estimated tax by the next payment due date after the change or in installments by that date and the due dates for the remaining payment periods. Late filing 2011 taxes Estimated Tax Payments Not Required You do not have to pay estimated tax if your withholding in each payment period is at least as much as: One-fourth of your required annual payment, or Your required annualized income installment for that period. Late filing 2011 taxes You also do not have to pay estimated tax if you will pay enough through withholding to keep the amount you owe with your return under $1,000. Late filing 2011 taxes How To Pay Estimated Tax There are several ways to pay estimated tax. Late filing 2011 taxes Credit an overpayment on your 2013 return to your 2014 estimated tax. Late filing 2011 taxes Pay by direct transfer from your bank account, or pay by credit or debit card using a pay-by-phone system or the Internet. Late filing 2011 taxes Send in your payment (check or money order) with a payment voucher from Form 1040-ES. Late filing 2011 taxes Credit an Overpayment If you show an overpayment of tax after completing your Form 1040 or Form 1040A for 2013, you can apply part or all of it to your estimated tax for 2014. Late filing 2011 taxes On line 75 of Form 1040, or line 44 of Form 1040A, enter the amount you want credited to your estimated tax rather than refunded. Late filing 2011 taxes Take the amount you have credited into account when figuring your estimated tax payments. Late filing 2011 taxes You cannot have any of the amount you credited to your estimated tax refunded to you until you file your tax return for the following year. Late filing 2011 taxes You also cannot use that overpayment in any other way. Late filing 2011 taxes Pay Online Paying online is convenient and secure and helps make sure we get your payments on time. Late filing 2011 taxes You can pay using either of the following electronic payment methods. Late filing 2011 taxes Direct transfer from your bank account. Late filing 2011 taxes Credit or debit card. Late filing 2011 taxes To pay your taxes online or for more information, go to www. Late filing 2011 taxes irs. Late filing 2011 taxes gov/e-pay. Late filing 2011 taxes Pay by Phone Paying by phone is another safe and secure method of paying electronically. Late filing 2011 taxes Use one of the following methods. Late filing 2011 taxes Direct transfer from your bank account. Late filing 2011 taxes Credit or debit card. Late filing 2011 taxes To pay by direct transfer from your bank account, call 1-800-555-4477 (English), 1-800-244-4829 (Espanol). Late filing 2011 taxes People who are deaf, hard of hearing, or have a speech disability and who have access to TTY/TDD can call 1-800-733-4829. Late filing 2011 taxes To pay using a credit or debit card, you can call one of the following service providers. Late filing 2011 taxes There is a convenience fee charged by these providers that varies by provider, card type, and payment amount. Late filing 2011 taxes WorldPay 1-888-9-PAY-TAXTM(1-888-972-9829) www. Late filing 2011 taxes payUSAtax. Late filing 2011 taxes com Official Payments Corporation 1-888-UPAY-TAXTM (1-888-872-9829) www. Late filing 2011 taxes officialpayments. Late filing 2011 taxes com Link2Gov Corporation 1-888-PAY-1040TM (1-888-729-1040) www. Late filing 2011 taxes PAY1040. Late filing 2011 taxes com For the latest details on how to pay by phone, go to www. Late filing 2011 taxes irs. Late filing 2011 taxes gov/e-pay. Late filing 2011 taxes Pay by Check or Money Order Using the Estimated Tax Payment Voucher Each payment of estimated tax by check or money order must be accompanied by a payment voucher from Form 1040-ES. Late filing 2011 taxes During 2013, if you: made at least one estimated tax payment but not by electronic means, did not use software or a paid preparer to prepare or file your return,  then you should receive a copy of the 2014 Form 1040-ES/V. Late filing 2011 taxes The enclosed payment vouchers will be preprinted with your name, address, and social security number. Late filing 2011 taxes Using the preprinted vouchers will speed processing, reduce the chance of error, and help save processing costs. Late filing 2011 taxes Use the window envelopes that came with your Form 1040-ES package. Late filing 2011 taxes If you use your own envelopes, make sure you mail your payment vouchers to the address shown in the Form 1040-ES instructions for the place where you live. Late filing 2011 taxes Note. Late filing 2011 taxes These criteria can change without notice. Late filing 2011 taxes If you do not receive a Form 1040-ES/V package and you are required to make an estimated tax payment, you should go to www. Late filing 2011 taxes irs. Late filing 2011 taxes gov and print a copy of Form 1040-ES which includes four blank payment vouchers. Late filing 2011 taxes Complete one of these and make your payment timely to avoid penalties for paying late. Late filing 2011 taxes Do not use the address shown in the Form 1040 or Form 1040A instructions for your estimated tax payments. Late filing 2011 taxes If you did not pay estimated tax last year, you can order Form 1040-ES from the IRS (see inside back cover of this publication) or download it from IRS. Late filing 2011 taxes gov. Late filing 2011 taxes Follow the instructions to make sure you use the vouchers correctly. Late filing 2011 taxes Joint estimated tax payments. Late filing 2011 taxes   If you file a joint return and are making joint estimated tax payments, enter the names and social security numbers on the payment voucher in the same order as they will appear on the joint return. Late filing 2011 taxes Change of address. Late filing 2011 taxes   You must notify the IRS if you are making estimated tax payments and you changed your address during the year. Late filing 2011 taxes Complete Form 8822, Change of Address, and mail it to the address shown in the instructions for that form. Late filing 2011 taxes Credit for Withholding and Estimated Tax for 2013 When you file your 2013 income tax return, take credit for all the income tax and excess social security or railroad retirement tax withheld from your salary, wages, pensions, etc. Late filing 2011 taxes Also take credit for the estimated tax you paid for 2013. Late filing 2011 taxes These credits are subtracted from your total tax. Late filing 2011 taxes Because these credits are refundable, you should file a return and claim these credits, even if you do not owe tax. Late filing 2011 taxes Two or more employers. Late filing 2011 taxes   If you had two or more employers in 2013 and were paid wages of more than $113,700, too much social security or tier 1 railroad retirement tax may have been withheld from your pay. Late filing 2011 taxes You may be able to claim the excess as a credit against your income tax when you file your return. Late filing 2011 taxes See Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld in chapter 37. Late filing 2011 taxes Withholding If you had income tax withheld during 2013, you should be sent a statement by January 31, 2014, showing your income and the tax withheld. Late filing 2011 taxes Depending on the source of your income, you should receive: Form W-2, Wage and Tax Statement, Form W-2G, Certain Gambling Winnings, or A form in the 1099 series. Late filing 2011 taxes Forms W-2 and W-2G. Late filing 2011 taxes   If you file a paper return, always file Form W-2 with your income tax return. Late filing 2011 taxes File Form W-2G with your return only if it shows any federal income tax withheld from your winnings. Late filing 2011 taxes   You should get at least two copies of each form. Late filing 2011 taxes If you file a paper return, attach one copy to the front of your federal income tax return. Late filing 2011 taxes Keep one copy for your records. Late filing 2011 taxes You also should receive copies to file with your state and local returns. Late filing 2011 taxes Form W-2 Your employer is required to provide or send Form W-2 to you no later than January 31, 2014. Late filing 2011 taxes You should receive a separate Form W-2 from each employer you worked for. Late filing 2011 taxes If you stopped working before the end of 2013, your employer could have given you your Form W-2 at any time after you stopped working. Late filing 2011 taxes However, your employer must provide or send it to you by January 31, 2014. Late filing 2011 taxes If you ask for the form, your employer must send it to you within 30 days after receiving your written request or within 30 days after your final wage payment, whichever is later. Late filing 2011 taxes If you have not received your Form W-2 by January 31, you should ask your employer for it. Late filing 2011 taxes If you do not receive it by February 15, call the IRS. Late filing 2011 taxes Form W-2 shows your total pay and other compensation and the income tax, social security tax, and Medicare tax that was withheld during the year. Late filing 2011 taxes Include the federal income tax withheld (as shown in box 2 of Form W-2) on: Line 62 if you file Form 1040, Line 36 if you file Form 1040A, or Line 7 if you file Form 1040EZ. Late filing 2011 taxes In addition, Form W-2 is used to report any taxable sick pay you received and any income tax withheld from your sick pay. Late filing 2011 taxes Form W-2G If you had gambling winnings in 2013, the payer may have withheld income tax. Late filing 2011 taxes If tax was withheld, the payer will give you a Form W-2G showing the amount you won and the amount of tax withheld. Late filing 2011 taxes Report the amounts you won on line 21 of Form 1040. Late filing 2011 taxes Take credit for the tax withheld on line 62 of Form 1040. Late filing 2011 taxes If you had gambling winnings, you must use Form 1040; you cannot use Form 1040A or Form 1040EZ. Late filing 2011 taxes The 1099 Series Most forms in the 1099 series are not filed with your return. Late filing 2011 taxes These forms should be furnished to you by January 31, 2014 (or, for Forms 1099-B, 1099-S, and certain Forms 1099-MISC, by February 15, 2014). Late filing 2011 taxes Unless instructed to file any of these forms with your return, keep them for your records. Late filing 2011 taxes There are several different forms in this series, including: Form 1099-B, Proceeds From Broker and Barter Exchange Transactions; Form 1099-DIV, Dividends and Distributions; Form 1099-G, Certain Government Payments; Form 1099-INT, Interest Income; Form 1099-K, Payment Card and Third Party Network Transactions; Form 1099-MISC, Miscellaneous Income; Form 1099-OID, Original Issue Discount; Form 1099-PATR, Taxable Distributions Received from Cooperatives; Form 1099-Q, Payments From Qualified Education Programs; Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Late filing 2011 taxes ; Form 1099-S, Proceeds From Real Estate Transactions; Form RRB-1099, Payments by the Railroad Retirement Board. Late filing 2011 taxes If you received the types of income reported on some forms in the 1099 series, you may not be able to use Form 1040A or Form 1040EZ. Late filing 2011 taxes See the instructions to these forms for details. Late filing 2011 taxes Form 1099-R. Late filing 2011 taxes   Attach Form 1099-R to your paper return if box 4 shows federal income tax withheld. Late filing 2011 taxes Include the amount withheld in the total on line 62 of Form 1040 or line 36 of Form 1040A. Late filing 2011 taxes You cannot use Form 1040EZ if you received payments reported on Form 1099-R. Late filing 2011 taxes Backup withholding. Late filing 2011 taxes   If you were subject to backup withholding on income you received during 2013, include the amount withheld, as shown on your Form 1099, in the total on line 62 of Form 1040, line 36 of Form 1040A, or line 7 of Form 1040EZ. Late filing 2011 taxes Form Not Correct If you receive a form with incorrect information on it, you should ask the payer for a corrected form. Late filing 2011 taxes Call the telephone number or write to the address given for the payer on the form. Late filing 2011 taxes The corrected Form W-2G or Form 1099 you receive will have an “X” in the “CORRECTED” box at the top of the form. Late filing 2011 taxes A special form, Form W-2c, Corrected Wage and Tax Statement, is used to correct a Form W-2. Late filing 2011 taxes In certain situations, you will receive two forms in place of the original incorrect form. Late filing 2011 taxes This will happen when your taxpayer identification number is wrong or missing, your name and address are wrong, or you received the wrong type of form (for example, a Form 1099-DIV instead of a Form 1099-INT). Late filing 2011 taxes One new form you receive will be the same incorrect form or have the same incorrect information, but all money amounts will be zero. Late filing 2011 taxes This form will have an “X” in the “CORRECTED” box at the top of the form. Late filing 2011 taxes The second new form should have all the correct information, prepared as though it is the original (the “CORRECTED” box will not be checked). Late filing 2011 taxes Form Received After Filing If you file your return and you later receive a form for income that you did not include on your return, you should report the income and take credit for any income tax withheld by filing Form 1040X, Amended U. Late filing 2011 taxes S. Late filing 2011 taxes Individual Income Tax Return. Late filing 2011 taxes Separate Returns If you are married but file a separate return, you can take credit only for the tax withheld from your own income. Late filing 2011 taxes Do not include any amount withheld from your spouse's income. Late filing 2011 taxes However, different rules may apply if you live in a community property state. Late filing 2011 taxes Community property states are listed in chapter 2. Late filing 2011 taxes For more information on these rules, and some exceptions, see Publication 555, Community Property. Late filing 2011 taxes Fiscal Years If you file your tax return on the basis of a fiscal year (a 12-month period ending on the last day of any month except December), you must follow special rules to determine your credit for federal income tax withholding. Late filing 2011 taxes For a discussion of how to take credit for withholding on a fiscal year return, see Fiscal Years (FY) in chapter 3 of Publication 505. Late filing 2011 taxes Estimated Tax Take credit for all your estimated tax payments for 2013 on line 63 of Form 1040 or line 37 of Form 1040A. Late filing 2011 taxes Include any overpayment from 2012 that you had credited to your 2013 estimated tax. Late filing 2011 taxes You must use Form 1040 or Form 1040A if you paid estimated tax. Late filing 2011 taxes You cannot use Form 1040EZ. Late filing 2011 taxes Name changed. Late filing 2011 taxes   If you changed your name, and you made estimated tax payments using your old name, attach a brief statement to the front of your paper tax return indicating: When you made the payments, The amount of each payment, Your name when you made the payments, and Your social security number. Late filing 2011 taxes The statement should cover payments you made jointly with your spouse as well as any you made separately. Late filing 2011 taxes   Be sure to report the change to the Social Security Administration. Late filing 2011 taxes This prevents delays in processing your return and issuing any refunds. Late filing 2011 taxes Separate Returns If you and your spouse made separate estimated tax payments for 2013 and you file separate returns, you can take credit only for your own payments. Late filing 2011 taxes If you made joint estimated tax payments, you must decide how to divide the payments between your returns. Late filing 2011 taxes One of you can claim all of the estimated tax paid and the other none, or you can divide it in any other way you agree on. Late filing 2011 taxes If you cannot agree, you must divide the payments in proportion to each spouse's individual tax as shown on your separate returns for 2013. Late filing 2011 taxes Divorced Taxpayers If you made joint estimated tax payments for 2013, and you were divorced during the year, either you or your former spouse can claim all of the joint payments, or you each can claim part of them. Late filing 2011 taxes If you cannot agree on how to divide the payments, you must divide them in proportion to each spouse's individual tax as shown on your separate returns for 2013. Late filing 2011 taxes If you claim any of the joint payments on your tax return, enter your former spouse's social security number (SSN) in the space provided on the front of Form 1040 or Form 1040A. Late filing 2011 taxes If you divorced and remarried in 2013, enter your present spouse's SSN in that space and write your former spouse's SSN, followed by “DIV,” to the left of Form 1040, line 63, or Form 1040A, line 37. Late filing 2011 taxes Underpayment Penalty for 2013 If you did not pay enough tax, either through withholding or by making timely estimated tax payments, you will have an underpayment of estimated tax and you may have to pay a penalty. Late filing 2011 taxes Generally, you will not have to pay a penalty for 2013 if any of the following apply. Late filing 2011 taxes The total of your withholding and estimated tax payments was at least as much as your 2012 tax (or 110% of your 2012 tax if your AGI was more than $150,000, $75,000 if your 2013 filing status is married filing separately) and you paid all required estimated tax payments on time. Late filing 2011 taxes The tax balance due on your 2013 return is no more than 10% of your total 2013 tax, and you paid all required estimated tax payments on time. Late filing 2011 taxes Your total 2013 tax minus your withholding and refundable credits is less than $1,000. Late filing 2011 taxes You did not have a tax liability for 2012 and your 2012 tax year was 12 months, or You did not have any withholding taxes and your current year tax less any household employment taxes is less than $1,000. Late filing 2011 taxes See Publication 505, chapter 4, for a definition of “total tax” for 2012 and 2013. Late filing 2011 taxes Farmers and fishermen. Late filing 2011 taxes   Special rules apply if you are a farmer or fisherman. Late filing 2011 taxes See Farmers and Fishermen in chapter 4 of Publication 505 for more information. Late filing 2011 taxes IRS can figure the penalty for you. Late filing 2011 taxes   If you think you owe the penalty but you do not want to figure it yourself when you file your tax return, you may not have to. Late filing 2011 taxes Generally, the IRS will figure the penalty for you and send you a bill. Late filing 2011 taxes However, if you think you are able to lower or eliminate your penalty, you must complete Form 2210 or Form 2210-F and attach it to your paper return. Late filing 2011 taxes See chapter 4 of Publication 505. Late filing 2011 taxes Prev  Up  Next   Home   More Online Publications