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State Income Tax Filing

State income tax filing 32. State income tax filing   Crédito por Gastos del Cuidado de Menores y Dependientes Table of Contents Recordatorios Introduction Useful Items - You may want to see: Requisitos Para Reclamar el CréditoRequisitos de la Persona Calificada Requisito del Ingreso del Trabajo Requisito de Gastos Relacionados con el Trabajo Requisito de la Declaración Conjunta Requisito de Identificación del Proveedor de Cuidados Cómo Calcular el CréditoCómo Calcular el Total de los Gastos Relacionados con el Trabajo Límite del Ingreso del Trabajo Límite de Dinero Cantidad de Crédito Cómo Reclamar el CréditoCrédito tributario no reembolsable. State income tax filing Impuestos sobre la Nómina para Empleadores de Empleados Domésticos Recordatorios Se necesita un Número de Identificación del Contribuyente (TIN, por sus siglas en inglés) para cada persona calificada. State income tax filing  Tiene que incluir el nombre y el número de identificación del contribuyente (el cual suele ser el número de Seguro Social) de cada persona calificada en la línea 2 del Formulario 2441. State income tax filing Vea Número de identificación del contribuyente , bajo Requisitos de la Persona Calificada , más adelante. State income tax filing Podría verse obligado a pagar los impuestos sobre la nómina. State income tax filing  Si le paga a alguien para que venga a cuidar de su dependiente o de su cónyuge en su casa, puede que a usted se le considere un empleador de empleados domésticos, que deba pagar impuestos sobre la nómina. State income tax filing Por lo general, no se le considera un empleador de empleados domésticos si la persona que cuida de su dependiente o de su cónyuge lleva a cabo este servicio en su propio domicilio (él de dicha persona) o en su lugar de negocios. State income tax filing Vea Impuestos sobre la Nómina para Empleadores de Empleados Domésticos , más adelante. State income tax filing Introduction Este capítulo trata del crédito por gastos de cuidado de menores y dependientes y trata los siguientes temas: Los requisitos que uno tiene que reunir para reclamar el crédito. State income tax filing Cómo calcular el crédito. State income tax filing Cómo reclamar el crédito. State income tax filing Impuestos sobre la nómina que usted podría verse obligado a pagar como empleador de empleados domésticos. State income tax filing Quizás pueda reclamar el crédito por gastos del cuidado de menores y dependientes si le paga a alguien para que cuide a un dependiente menor de 13 años de edad, o a su cónyuge o dependiente incapacitado que no pueda cuidar de sí mismo. State income tax filing El crédito puede ser hasta el 35% de sus gastos. State income tax filing Para tener derecho al crédito, usted debe encontrarse obligado a pagar estos gastos para poder trabajar o buscar trabajo. State income tax filing Este crédito no se debe confundir con el crédito tributario por hijos, el cual se describe en el capítulo 34. State income tax filing Beneficios para el cuidado de dependientes. State income tax filing   Si usted recibió de su empleador algún beneficio durante el año que era para el cuidado de dependientes, usted quizás pueda excluir de sus ingresos una parte o el total de dicho beneficio. State income tax filing Tiene que completar la Parte III del Formulario 2441, antes de poder calcular la cantidad de su crédito. State income tax filing Vea Beneficios para el Cuidado de Dependientes bajo Cómo Calcular el Crédito , más adelante. State income tax filing Useful Items - You may want to see: Publicación 501 Exemptions, Standard Deduction, and Filing Information (Exenciones, deducción estándar e información para la presentación de la declaración), en inglés 503 Child and Dependent Care Expenses (Gastos del cuidado de menores y dependientes), en inglés 926 Household Employer's Tax Guide (Guía de impuestos para empleadores de empleados domésticos), en inglés Formulario (e Instrucciones) 2441 Child and Dependent Care Expenses (Gastos del cuidado de menores y dependientes), en inglés Anexo H (Formulario 1040) Household Employment Taxes (Impuestos sobre la nómina correspondiente a empleados domésticos), en inglés W-7(SP) Solicitud del Número de Identificación Personal del Contribuyente del Servicio de Impuestos Internos W-10 Dependent Care Provider's Identification and Certification (Identificación y certificación del proveedor del cuidado de dependientes), en inglés Requisitos Para Reclamar el Crédito Para poder reclamar el crédito por gastos del cuidado de menores y dependientes, usted tiene que presentar el Formulario 1040 o el Formulario 1040A, pero no el Formulario 1040EZ y, además, cumplir todos los requisitos siguientes: El cuidado tiene que ser provisto a una, o más de una, persona calificada; la cual debe estar identificada en el Formulario 2441, Child and Dependent Care Expenses (Gastos del Cuidado de Menores y Dependientes), en inglés. State income tax filing Vea más adelante Requisitos de la Persona Calificada . State income tax filing Usted (y su cónyuge si presentan una declaración conjunta) tiene que haber recibido ingresos del trabajo durante el año. State income tax filing Sin embargo, vea más adelante el tema Regla para cónyuge estudiante o cónyuge incapacitado para cuidar de sí mismo bajo Requisito del Ingreso del Trabajo. State income tax filing Tiene que pagar gastos del cuidado de menores y dependientes para que usted (y su cónyuge, si presentan una declaración conjunta) pueda trabajar o buscar trabajo. State income tax filing Vea más adelante Requisito de Gastos Relacionados con el Trabajo . State income tax filing Tiene que hacer los pagos por gastos del cuidado de menores y dependientes a alguien que ni usted ni su cónyuge puedan declarar como dependiente. State income tax filing Si le hace pagos a su hijo, dicho hijo no puede ser su dependiente y éste tiene que tener 19 años de edad o más al final del año. State income tax filing Los pagos no se le pueden hacer: A su cónyuge ni Al padre o madre de la persona calificada, si éste es su hijo y tiene menos de 13 años de edad. State income tax filing Vea más adelante Pagos a Parientes o Dependientes bajo Requisito de Gastos Relacionados con el Trabajo . State income tax filing Su estado civil para la declaración puede ser soltero, cabeza de familia, o viudo que reúne los requisitos con hijo dependiente. State income tax filing Si está casado, debe presentar una declaración conjunta, a menos que le corresponda alguna excepción. State income tax filing Vea Requisito de la Declaración Conjunta , más adelante. State income tax filing Tiene que identificar en la declaración a la persona o institución que le proporciona los cuidados. State income tax filing Vea más adelante, Requisito de Identificación del Proveedor de Cuidados . State income tax filing Si excluye o deduce beneficios de un plan de beneficios para el cuidado de dependientes provisto para ese propósito, la cantidad total que excluya o deduzca tiene que ser menos de la cantidad límite de dólares por gastos calificados (por lo general, $3,000 si se trata de una persona calificada que recibió el cuidado, o $6,000 si el cuidado fue para dos o más personas calificadas). State income tax filing Si el cuidado fue para dos o más personas calificadas, la cantidad que excluya o deduzca siempre será menos del límite de dólares, ya que la cantidad total que puede excluir o deducir está limitada a $5,000. State income tax filing Vea Reducción del Límite de Dinero bajo Cómo Calcular el Crédito , más adelante. State income tax filing Estos requisitos se presentan en la Figura 32–A y también se explican en detalle en este capítulo. State income tax filing Requisitos de la Persona Calificada Los gastos del cuidado de menores y dependientes tienen que haberse incurrido por el cuidado de una o más personas calificadas. State income tax filing Una persona calificada es: Un hijo calificado que es su dependiente y que tenía menos de 13 años de edad cuando se le prestó el cuidado (pero vea Hijo de padres divorciados o separados o que viven aparte , más adelante) Su cónyuge que no estaba física o mentalmente capaz de cuidar de sí mismo y que vivió con usted por más de la mitad del año o Una persona que no estaba física o mentalmente capaz de cuidar de sí misma, vivió con usted por más de la mitad del año y: Era su dependiente o Hubiera sido su dependiente excepto que: recibió $3,900 o más de ingresos brutos, presentó una declaración conjunta o usted, o su cónyuge si presentaron una declaración conjunta, pudo ser declarado como dependiente en la declaración de impuestos del año 2013 de otra persona. State income tax filing Definición de dependiente. State income tax filing   Un dependiente es una persona, que no sea usted ni su cónyuge, por la cual puede declarar una exención. State income tax filing Para ser su dependiente, una persona tiene que ser su hijo calificado (o su pariente calificado). State income tax filing Hijo calificado. State income tax filing   Para ser su hijo calificado, un hijo tiene que vivir con usted durante más de la mitad del año y reunir otros requisitos. State income tax filing Información adicional. State income tax filing   Para más información sobre quién es su dependiente o hijo calificado, vea el capítulo 3. State income tax filing Persona que no estaba física o mentalmente capaz de cuidar de sí misma. State income tax filing   Las personas que no pueden vestirse, lavarse o alimentarse por sí solas debido a problemas físicos o mentales son consideradas incapacitadas para cuidar de sí mismas. State income tax filing También se consideran incapacitadas para cuidar de sí mismas las personas que tienen que ser cuidadas en todo momento para impedir que se lastimen a sí mismas o a los demás. State income tax filing Figura 32–A. State income tax filing ¿Puede usted reclamar el Crédito? ¿Puede usted reclamar el crédito? Persona que reúne los requisitos por parte del año. State income tax filing   Se determina si una persona reúne o no los requisitos a diario. State income tax filing Por ejemplo, si la persona por la cual usted paga los gastos del cuidado de menores y dependientes deja de reunir los requisitos el 16 de septiembre, cuente sólo los gastos hasta el 15 de septiembre, inclusive. State income tax filing Vea también Límite annual bajo Límite de Dinero , más adelante. State income tax filing Nacimiento o fallecimiento de una persona que reúna los demás requisitos. State income tax filing   Al determinar si una persona es persona calificada, se considera que una persona que nació o falleció en 2013 vivió con usted durante más de la mitad del año 2013 si su vivienda (la de usted) fue la vivienda de dicha persona más de la mitad del tiempo que estuvo viva en 2013. State income tax filing Número de identificación del contribuyente. State income tax filing   Tiene que incluir en su declaración el nombre y el número de identificación del contribuyente (generalmente es el número del Seguro Social) de la(s) persona(s) calificada(s). State income tax filing Si no indica la información correcta en la declaración, el crédito podría ser reducido o denegado. State income tax filing Número de identificación de contribuyente individual para extranjeros. State income tax filing   Si la persona calificada es extranjero residente, o extranjero no residente que no tiene y no puede obtener un número del Seguro Social (SSN, por sus siglas en inglés), use el número de identificación de contribuyente (ITIN, por sus siglas en inglés) de esa persona. State income tax filing El ITIN se anota en todo espacio donde se requiera que se escriba un SSN en una declaración de impuestos. State income tax filing Para solicitar un ITIN, consulte el Formulario W-7(SP) (o el Formulario W-7, en inglés). State income tax filing   El ITIN se utiliza solamente para propósitos tributarios. State income tax filing El mismo no le da al portador el derecho de recibir beneficios del Seguro Social ni cambia el estado del portador en cuanto a empleo o estado migratorio, de acuerdo con las leyes de los Estados Unidos. State income tax filing Número de identificación del contribuyente en proceso de adopción. State income tax filing   Si la persona calificada es un hijo que ha sido puesto a cargo de usted para adopción y para el cual usted no tiene un SSN, tiene que obtener un número de identificación del contribuyente en proceso de adopción (ATIN, por sus siglas en inglés) para el hijo. State income tax filing Presente el Formulario W-7A, Application for Taxpayer Identification Number for Pending U. State income tax filing S. State income tax filing Adoptions (Solicitud de número de identificación del contribuyente para adopciones pendientes en los Estados Unidos), en inglés. State income tax filing Hijo de padres divorciados o separados o que viven aparte. State income tax filing   Aunque no pueda declarar a su hijo como dependiente, su hijo es tratado como su persona calificada si: El hijo tenía menos de 13 años de edad o estaba física o mentalmente incapacitado para cuidar de sí mismo, El hijo recibió más de la mitad de la manutención durante el año natural de parte de uno o ambos padres que son divorciados, o legalmente separados bajo un fallo de divorcio o de manutención por separación judicial, están separados conforme a un acuerdo de separación judicial escrito, o vivieron aparte en todo momento durante los últimos 6 meses del año natural, El hijo estuvo bajo la custodia de uno o ambos padres durante más de la mitad del año y Usted era el padre o madre que tuvo custodia. State income tax filing   Se considera que el padre con quien el hijo vivió la mayor cantidad de noches en 2013 es el padre con custodia. State income tax filing Si el hijo estaba con cada padre una cantidad igual de noches, el padre con custodia es aquél que tiene el ingreso bruto ajustado mayor. State income tax filing Para más detalles e información sobre la excepción para padres que trabajan de noche, vea la Publicación 501, en inglés. State income tax filing   El padre que no tiene custodia del hijo no puede tratarle a éste como su persona calificada, a pesar de que tenga derecho para reclamarle al hijo como dependiente conforme a las reglas especiales para hijos de padres divorciados o separados. State income tax filing Requisito del Ingreso del Trabajo Para reclamar el crédito, usted (y su cónyuge, si presenta una declaración conjunta) tiene que haber recibido ingreso del trabajo durante el año. State income tax filing Ingreso del trabajo. State income tax filing   El ingreso del trabajo incluye sueldos, salarios, propinas, cualquier otra retribución tributable recibida como empleado, y los ingresos netos del trabajo por cuenta propia. State income tax filing Las pérdidas netas del empleo por cuenta propia reducen el ingreso del trabajo. State income tax filing El ingreso del trabajo también incluye indemnizaciones por huelga y toda compensación por incapacidad que haya declarado como salario. State income tax filing   Generalmente, sólo se incluye esa compensación que es tributable. State income tax filing Sin embargo, uno puede elegir incluir paga por combate no sujeta a impuestos en el ingreso del trabajo. State income tax filing Si presenta una declaración conjunta y tanto usted como su cónyuge recibieron paga no tributable por combate, cada uno de ustedes puede hacer su propia elección. State income tax filing (O sea, si uno de ustedes hace la elección, el otro también la puede hacer pero no es requerido). State income tax filing Debería calcular el crédito de ambas maneras y hacer la elección si le da el mayor beneficio tributario. State income tax filing Miembros de ciertas religiones opuestas al Seguro Social. State income tax filing   Esas personas que son miembros de ciertas religiones que se oponen a participar en programas de la Ley del Seguro Social y que tienen un formulario aprobado por el IRS que excluya ciertos ingresos de los impuestos del Seguro Social y Medicare pueden tratar ciertos ingresos como si no fueran ingresos del trabajo, para este propósito. State income tax filing Vea Earned Income Test (Requisito del ingreso del trabajo), en la Publicación 503, en inglés. State income tax filing Ingreso no derivado del trabajo. State income tax filing   El ingreso del trabajo no incluye: Pensiones y anualidades, Beneficios del Seguro Social ni beneficios de jubilación para empleados ferroviarios, Compensación del seguro obrero, Intereses ni dividendos, Compensación por desempleo, Becas de estudios ni becas de desarrollo profesional, salvo las que se declaren en el Formulario W-2 pagadas a usted por haber trabajado en la enseñanza o por algún otro servicio, Pagos por trabajo requerido por el bienestar social no sujetos a impuesto, Pagos de manutención para hijos menores que usted haya recibido, Ingreso de extranjeros no residentes no relacionado con una ocupación o negocio estadounidense, o Toda cantidad recibida por trabajo hecho mientras estaba recluido en una institución penal. State income tax filing Regla para cónyuge estudiante o cónyuge que no es capaz de cuidar de sí mismo. State income tax filing   Se considera que su cónyuge tiene ingreso del trabajo en cualquier mes en que el mismo: Sea estudiante a tiempo completo o No esté física o mentalmente capaz de cuidar de sí mismo. State income tax filing Su cónyuge también tiene que vivir con usted durante más de la mitad del año. State income tax filing   Si usted va a presentar una declaración conjunta, esta regla también es aplicable. State income tax filing Usted puede ser tratado como si hubiera obtenido ingreso del trabajo por cualquier mes en el que es un estudiante a tiempo completo o no es capaz de cuidar de sí mismo. State income tax filing   Calcule el ingreso del trabajo del cónyuge que no trabaja, descrito en los apartados (1) o (2) anteriores, tal como se indica más adelante en la sección titulada Límite del Ingreso del Trabajo . State income tax filing   Esta regla es aplicable a un solo cónyuge durante cualquier mes del año. State income tax filing Si, en el mismo mes, ni usted ni su cónyuge trabajan, pero son estudiantes a tiempo completo o no están física o mentalmente capaces de cuidar de sí mismos, se considera que solamente uno de ustedes ha recibido ingreso del trabajo en ese mes. State income tax filing Estudiante a tiempo completo. State income tax filing   Se considera que usted es estudiante a tiempo completo si se ha matriculado en una escuela por el número de horas o cursos que la misma considere asistencia a tiempo completo. State income tax filing Tiene que haber sido estudiante a tiempo completo durante alguna parte de cada uno de un mínimo de 5 meses del año natural durante el año. State income tax filing Dichos meses no tienen que ser consecutivos. State income tax filing Escuela. State income tax filing   El término “escuela” comprende escuelas secundarias, escuelas universitarias (colleges), universidades y escuelas técnicas, profesionales e industriales. State income tax filing No se considera que un curso de capacitación en el empleo, escuela por correspondencia, ni escuelas por Internet sean escuelas, para este propósito. State income tax filing Requisito de Gastos Relacionados con el Trabajo Los gastos de cuidado de menores y dependientes tienen que estar relacionados con el trabajo para que usted tenga derecho al crédito. State income tax filing Los gastos se consideran relacionados con el trabajo solamente si se cumplen las dos condiciones siguientes: Le permiten a usted (y a su cónyuge si presentan una declaración conjunta) trabajar o buscar trabajo. State income tax filing Son para el cuidado de una persona calificada. State income tax filing Si Trabaja o Busca Trabajo Para ser relacionados con el trabajo, sus gastos tendrán que permitirle trabajar o buscar trabajo. State income tax filing Si está casado, generalmente tanto usted como su cónyuge tienen que trabajar o estar buscando trabajo. State income tax filing A un cónyuge se le considera empleado durante cualquier mes en que sea estudiante a tiempo completo o esté física o mentalmente incapaz de cuidar de sí mismo. State income tax filing Puede trabajar para otra persona o por cuenta propia como dueño único o en sociedad colectiva. State income tax filing Su empleo puede ser a tiempo completo o a tiempo parcial. State income tax filing También se le considera empleado si está buscando trabajo activamente. State income tax filing Sin embargo, si no encuentra empleo y no tiene ingreso del trabajo ese año, no puede reclamar este crédito. State income tax filing Vea Requisito del Ingreso del Trabajo , anteriormente. State income tax filing Un gasto no se considera relacionado con el trabajo simplemente porque incurrió en el mismo mientras estaba trabajando. State income tax filing Su razón por incurrir en el gasto tiene que ser para permitirle a usted trabajar. State income tax filing Son los hechos los que determinan si sus gastos son para permitirle trabajar o buscar trabajo. State income tax filing Ejemplo 1. State income tax filing El costo de una niñera mientras usted y su cónyuge salen a comer no suele ser un gasto relacionado con el trabajo. State income tax filing Ejemplo 2. State income tax filing Usted trabaja durante el día. State income tax filing Su cónyuge trabaja por la noche y duerme por el día. State income tax filing Usted paga por el cuidado de su hijo de 5 años de edad durante las horas en las que usted trabaja y su cónyuge duerme. State income tax filing Estos gastos se consideran gastos de trabajo. State income tax filing Trabajo voluntario. State income tax filing    Para este propósito, a usted no se le considera empleado si hace trabajo voluntario no pagado o por un salario nominal. State income tax filing Trabajo parte del año. State income tax filing   Si trabaja o busca trabajo activamente durante solamente parte del período cubierto por los gastos, entonces tiene que calcular los gastos de cada día. State income tax filing Por ejemplo, si trabaja todo el año y sus gastos de cuidado son de $250 al mes ($3,000 para el año), todos los gastos están relacionados con el trabajo. State income tax filing Sin embargo, si trabaja o busca trabajo por sólo 2 meses y 15 días durante el año y paga gastos de $250 al mes, sus gastos relacionados con el trabajo se limitan a $625 (2 meses y medio x $250). State income tax filing Ausencia temporal del trabajo. State income tax filing   En caso de una ausencia temporal y breve del trabajo, como vacaciones o una enfermedad leve, no tiene que calcular los gastos por cada día, si le resulta de todos modos necesario pagar por cuidados durante ese período. State income tax filing En vez de eso, puede calcular el crédito incluyendo los gastos que pagó durante el período de ausencia. State income tax filing   Una ausencia de 2 semanas o menos se considera una ausencia temporal y breve. State income tax filing Una ausencia de más de 2 semanas podría considerarse una ausencia temporal y breve, según las circunstancias. State income tax filing Ejemplo. State income tax filing Para poder trabajar, usted paga a una niñera para que cuide de su hijo de 2 años e hija de 4 años de edad. State income tax filing Usted se enferma y falta al trabajo 4 meses, pero recibe compensación por enfermedad. State income tax filing Sigue pagando a la niñera por cuidar de sus hijos mientras está enferma. State income tax filing La ausencia no se considera temporal y breve y los gastos no se consideran gastos relacionados con el trabajo. State income tax filing Trabajo a tiempo parcial. State income tax filing   Si trabaja a tiempo parcial, normalmente tiene que calcular los gastos por cada día. State income tax filing No obstante, si tiene que pagar por cuidados semanal o mensualmente, o de algún otro modo que incluya días trabajados y no trabajados, puede calcular el crédito incluyendo los gastos que pagó por los días no trabajados. State income tax filing Todo día en el que trabaje por lo menos 1 hora se considera día de trabajo. State income tax filing Ejemplo 1. State income tax filing Trabaja 3 días a la semana. State income tax filing Mientras trabaja, le cuidan a su hijo de 6 años de edad en un centro de cuidados para dependientes, que cumple todos los reglamentos estatales y locales. State income tax filing El centro cobra a tasas de $150 por cualesquiera 3 días de la semana o $250 por 5 días a la semana. State income tax filing A su hijo le cuidan en el centro 5 días a la semana. State income tax filing Los gastos relacionados con el trabajo se limitan a $150 a la semana. State income tax filing Ejemplo 2. State income tax filing Los hechos son los mismos del Ejemplo 1 salvo que el centro no brinda la opción de pagar por solo 3 días. State income tax filing El cargo semanal completo de $250 podría ser un gasto relacionado con el trabajo. State income tax filing Cuidado de una Persona Calificada Para tener gastos que se consideran relacionados con el trabajo, tiene que haber incurrido en los mismos para proveer cuidados a una persona calificada. State income tax filing No se le requiere escoger la manera más barata de proveer dichos cuidados. State income tax filing El costo de un proveedor de cuidados remunerado podría ser un gasto por cuidar de una persona calificada aun si se pudiera haber conseguido otro proveedor de cuidados sin costo alguno. State income tax filing Se considera que los gastos son para el cuidado de una persona calificada sólo si el motivo prinicipal de dichos gastos es el bienestar y la protección de esa persona. State income tax filing Los gastos para servicios domésticos reúnen los requisitos si una parte de dichos servicios es el cuidado de personas calificadas. State income tax filing Vea Servicios domésticos , más adelante. State income tax filing Gastos que no son por cuidados. State income tax filing   Los gastos para el cuidado no incluyen cantidades que pague por concepto de comida, alojamiento, ropa, educación y entretenimiento. State income tax filing Sin embargo, puede incluir cantidades pequeñas pagadas por estos artículos si las mismas están relacionadas con el costo del cuidado de la persona calificada, y no se pueden separar de dicho costo. State income tax filing   Pagos de pensión para hijos menores no son de cuidado y no reúne los requisitos del crédito. State income tax filing Educación. State income tax filing   Los gastos incurridos por un niño que está en una guardería infantil, un parvulario o programas similares para niños que estén por debajo del nivel de kindergarten, se consideran gastos de cuidado. State income tax filing Los gastos para la asistencia al kindergarten o para grados superiores no se consideran gastos de cuidado. State income tax filing No use estos gastos para calcular el crédito. State income tax filing   Sin embargo, los gastos de cuidado del niño antes o después de la escuela si asiste al kindergarten o a un grado superior podrían considerarse gastos por cuidado de dependientes. State income tax filing   Las clases de verano y programas de clases particulares no se consideran cuidado de dependientes. State income tax filing Ejemplo 1. State income tax filing Usted lleva a su hijo de 3 años de edad a una guardería infantil que provee almuerzo y actividades educativas como parte de su servicio de cuidado para niños de edad preescolar. State income tax filing El almuerzo y las actividades educativas están relacionados con el cuidado de su hijo y el costo de los mismos no se puede separar del costo del cuidado. State income tax filing Puede incluir el costo total cuando calcule el crédito. State income tax filing Ejemplo 2. State income tax filing Usted inscribe a su hijo de 10 años de edad en una escuela de internado para poder trabajar a tiempo completo. State income tax filing Sólo la parte del gasto de la escuela de internado que corresponde al cuidado de su hijo se considera un gasto relacionado con el trabajo. State income tax filing Puede incluir esa parte del gasto al calcular su crédito, si la misma se puede separar del costo de educación. State income tax filing No puede incluir parte alguna de la cantidad que usted pague a la escuela por la educación de su hijo. State income tax filing Cuidado fuera de su domicilio. State income tax filing   Puede incluir el costo del cuidado provisto fuera de su domicilio si dicho cuidado es para un dependiente que tenga menos de 13 años de edad o alguna otra persona calificada que habitualmente pasa por lo menos 8 horas al día en la casa de usted. State income tax filing Centro de cuidado para dependientes. State income tax filing   Puede incluir el costo de cuidados provistos fuera de su domicilio por un centro de cuidados para dependientes sólo si el centro cumple con todas las reglas o normas locales y estatales correspondientes a estos centros. State income tax filing   Un centro de cuidados para dependientes es un lugar que provee cuidados a más de 6 personas (que no sean personas que vivan allí) y recibe una compensación, pago o subvención por proveer servicios para cualquiera de esas personas, aun cuando el centro no tenga fines de lucro. State income tax filing Campamento. State income tax filing   El costo de mandar a su hijo a un campamento en el que pase la noche no se considera un gasto relacionado con el trabajo. State income tax filing El costo de mandar a su hijo a un campamento de día podría ser un gasto relacionado con el trabajo, aunque el campamento se especialice en una actividad específica, como computadoras o fútbol. State income tax filing Transporte. State income tax filing   Si un proveedor de cuidados lleva a una persona calificada desde o hasta el lugar de cuidado, se considera que dicho transporte es gasto de cuidado de la persona calificada. State income tax filing Esto incluye transporte en autobús, metro, taxi o auto privado. State income tax filing Sin embargo, el transporte que no sea proporcionado por un proveedor de cuidados no se considera gasto de cuidado de la persona calificada. State income tax filing Además, si usted paga el costo del transporte de la persona que provee el cuidado para que venga a su casa, dicho gasto no se considera gasto de cuidado de la persona calificada. State income tax filing Cargos y depósitos. State income tax filing   Los cargos pagados a una agencia para obtener servicios de un proveedor de cuidados, los depósitos pagados a una agencia o parvulario, los cargos de solicitud y otros gastos indirectos se consideran gastos relacionados con el trabajo si uno tiene que pagarlos para recibir los cuidados, aun si no se pagan directamente por dichos cuidados. State income tax filing Sin embargo, un depósito al que haya perdido el derecho no se considera gasto de cuidado de una persona calificada si de hecho no se provee dicho cuidado. State income tax filing Ejemplo 1. State income tax filing Pagó un cargo a una agencia para recibir los servicios de la niñera que cuida a su hija de 2 años de edad mientras usted trabaja. State income tax filing El cargo que usted pagó se considera un gasto relacionado con el trabajo. State income tax filing Ejemplo 2. State income tax filing Pagó un depósito a un parvulario para reservar una plaza para su hijo de 3 años de edad. State income tax filing Después, envió su hijo a otro parvulario y por lo tanto perdió el derecho al depósito. State income tax filing El depósito al que ya no tiene derecho no es gasto por cuidados que de hecho se proveyeron y por lo tanto no se considera un gasto relacionado con el trabajo. State income tax filing Servicios domésticos. State income tax filing   Los gastos que usted paga por servicios domésticos reúnen los requisitos como gastos relacionados con el trabajo si los mismos son, por lo menos en parte, para el bienestar y la protección de la persona calificada. State income tax filing   Se considera que esos servicios domésticos son servicios comunes y habituales, provistos en su casa y alrededor de la misma, que sean necesarios para mantener la casa. State income tax filing Los mismos incluyen servicios de un ama de casa, criada, o cocinero. State income tax filing Sin embargo, los servicios domésticos no incluyen un chófer, camarero o jardinero. State income tax filing Vea Household Services (Servicios Domésticos), en la Publicación 503, en inglés, para más información. State income tax filing   En este capítulo, el término ama de casa se refiere a cualquier empleado doméstico cuyos servicios incluyan el cuidado de una persona calificada. State income tax filing Impuestos pagados sobre el salario. State income tax filing   Los impuestos pagados sobre el salario por servicios del cuidado de menores y dependientes calificados son gastos relacionados con el trabajo. State income tax filing Vea Impuestos sobre la nómina para Empleadores de Empleados Domésticos , más adelante. State income tax filing Pagos a Parientes o Dependientes Usted puede incluir pagos relacionados con el trabajo que usted hizo a sus parientes que no son sus dependientes, aun si los mismos viven en su vivienda. State income tax filing Sin embargo, no incluya ninguna cantidad que pague a: Un dependiente por quien usted (o su cónyuge, si presentan una declaración conjunta) pueda declarar una exención, Un hijo suyo que tuviera menos de 19 años de edad al final del año, aun si no es dependiente suyo, Una persona que fuera su cónyuge en cualquier momento del año ni Al padre o a la madre de la persona calificada si es hijo de usted y tiene menos de 13 años de edad. State income tax filing Requisito de la Declaración Conjunta Por regla general, las parejas casadas tienen que presentar una declaración conjunta para poder reclamar el crédito. State income tax filing Sin embargo, si usted está legalmente separado de su cónyuge o no vive con su cónyuge, quizás pueda presentar una declaración por separado y aún reclamar el crédito. State income tax filing Si está legalmente separado. State income tax filing   Si está legalmente separado de su cónyuge conforme a un fallo de divorcio o de manutención por separación judicial, no se le considera casado. State income tax filing Podría tener derecho a reclamar el crédito en su declaración utilizando el estado civil de cabeza de familia. State income tax filing Casados que viven aparte. State income tax filing   No se le considera casado y tendrá derecho al crédito si reúne todas las condiciones siguientes: Presenta una declaración separada de su cónyuge. State income tax filing Su vivienda es la vivienda de una persona calificada durante más de la mitad del año. State income tax filing Usted paga más de la mitad del costo de mantener su hogar durante el año. State income tax filing Su cónyuge no vive en el hogar de usted durante los últimos 6 meses del año. State income tax filing Gastos de mantenimiento de la vivienda. State income tax filing   Los gastos de mantenimiento de la vivienda suelen incluir impuestos sobre la propiedad, intereses hipotecarios, alquiler, cargos por servicios públicos, reparaciones en la vivienda, seguros para la vivienda, y alimentos consumidos en la vivienda. State income tax filing   Los gastos de mantenimiento de la vivienda no incluyen pagos por ropa, educación, tratamiento médico, vacaciones, seguro de vida, transporte ni capital hipotecario. State income tax filing   Tampoco incluyen la compra, mejoras permanentes ni reemplazo de propiedad. State income tax filing Por ejemplo, usted no puede incluir los gastos de reemplazar un calentador de agua. State income tax filing Sin embargo, sí puede incluir los gastos de reparar un calentador de agua. State income tax filing Fallecimiento del cónyuge. State income tax filing   Si su cónyuge fallece durante el año y usted no se vuelve a casar antes del final del año, por lo general, debe presentar una declaración conjunta para poder reclamar el crédito. State income tax filing Si se vuelve a casar antes del final del año, puede reclamar el crédito en la declaración de su cónyuge fallecido. State income tax filing Requisito de Identificación del Proveedor de Cuidados Tiene que identificar a todas las personas u organizaciones que provean cuidados para su hijo o dependiente. State income tax filing Use la Parte I del Formulario 2441 para mostrar la información. State income tax filing Si no tiene proveedores de cuidados y presenta el Formulario 2441 sólo para declarar ingresos tributables en la Parte III, anote “none” (ninguno) en la columna (a) de la línea 1. State income tax filing Información que se necesita. State income tax filing   Para identificar al proveedor del cuidado, tiene que dar la siguiente información sobre el proveedor: Nombre, Dirección y Número de identificación del contribuyente. State income tax filing   Si el proveedor del cuidado es una persona física, el número de identificación del contribuyente es su número de Seguro Social o su número de identificación del contribuyente individual. State income tax filing Si el proveedor del cuidado es una organización, entonces es su número de identificación del empleador (EIN, por sus siglas en inglés). State income tax filing   No tiene que mostrar el número de identificación del contribuyente si el proveedor del cuidado es una organización exenta de impuestos (tal como una iglesia o escuela). State income tax filing En este caso, escriba “Tax-Exempt” (Exento de impuestos) en el espacio donde el Formulario 2441 pide el número. State income tax filing   Si no puede proveer toda la información o si dicha información es incorrecta, tiene que demostrar que usted actuó con debida diligencia (de la cual se habla más adelante) al tratar de facilitar la información necesaria. State income tax filing Cómo obtener la información. State income tax filing   Puede usar el Formulario W-10 para solicitar la información requerida del proveedor de cuidados. State income tax filing Si no usa el Formulario W-10, puede obtener la información de una de las fuentes de información indicadas en las instrucciones del Formulario W-10, incluyendo: Una copia de la tarjeta del Seguro Social del proveedor, Una copia completada del Formulario W-4(SP) (o el Formulario W-4, en inglés) del proveedor de cuidados si éste es su empleado doméstico, Una copia del informe proporcionado por su empleador, si el proveedor es el plan de cuidado de dependientes de su empleador o Una carta o factura del proveedor si la información se muestra en ella. State income tax filing    Debería mantener esta información como documentación de su historial tributario. State income tax filing No envíe el Formulario W-10 (ni otros documentos que contengan esta información) al Servicio de Impuestos Internos (Internal Revenue Service). State income tax filing Debida diligencia. State income tax filing   Si la información acerca del proveedor de cuidados que usted proporcione es incorrecta o incompleta, es posible que no se le permita reclamar el crédito. State income tax filing Sin embargo, si usted puede demostrar haber actuado con debida diligencia al tratar de dar la información, todavía podrá reclamar el crédito. State income tax filing   Puede demostrar debida diligencia obteniendo y manteniendo un Formulario W-10 completado del proveedor o una de las fuentes de información enumeradas anteriormente. State income tax filing Los proveedores de cuidados pueden ser sancionados si no le proporcionan esta información a usted, o si proporcionan información incorrecta. State income tax filing Negativa del proveedor a dar información. State income tax filing   Si el proveedor se niega a darle la información de identificación, usted debería declarar la información que tenga disponible (tal como el nombre y dirección) en el Formulario 2441. State income tax filing Escriba “See Attached Statement” (Vea aclaración adjunta) en las columnas que piden la información que no tenga. State income tax filing Luego adjunte una aclaración que explique que le solicitó la información al proveedor de cuidados, pero que el mismo no le dio la información. State income tax filing Asegúrese de anotar su nombre y número de Seguro Social en la aclaración. State income tax filing Dicha aclaración mostrará que usted actuó con debida diligencia al tratar de dar la información necesaria. State income tax filing Ciudadanos y extranjeros residentes de los Estados Unidos que viven en el extranjero. State income tax filing   Si vive en el extranjero, es posible que su proveedor de cuidados no tenga, y que no esté obligado a conseguir, un número de identificación del contribuyente de los EE. State income tax filing UU. State income tax filing (por ejemplo, un número de Seguro Social o número de identificación del empleador). State income tax filing De ser así, escriba “LAFCP” (siglas en inglés que significan Living Abroad Foreign Care Provider (Proveedor de cuidados extranjero que vive en el extranjero)) en el espacio correspondiente al número de identificación del contribuyente perteneciente al proveedor de cuidados. State income tax filing Cómo Calcular el Crédito Su crédito es un porcentaje de sus gastos relacionados con el trabajo. State income tax filing Sus gastos están sujetos al límite del ingreso del trabajo y al límite de dinero. State income tax filing El porcentaje se basa en su ingreso bruto ajustado. State income tax filing Cómo Calcular el Total de los Gastos Relacionados con el Trabajo Para calcular su crédito por gastos relacionados con el trabajo del año 2013, sume sólo aquellos gastos pagados hasta el 31 de diciembre del año 2013. State income tax filing Gastos pagados por adelantado en un año anterior. State income tax filing   Si paga por algún servicio antes de que se provea de hecho, podrá usar los gastos pagados por adelantado solamente en el año en que el cuidado fue recibido. State income tax filing Declare los gastos en el año posterior como si de hecho fueran pagados en ese año posterior. State income tax filing Gastos no pagados hasta el año siguiente. State income tax filing   No cuente los gastos ocasionados en el año 2012 que usted pagó en el año 2013 como gastos relacionados con el trabajo en el año 2013. State income tax filing Quizás pueda reclamar un crédito adicional por dichos gastos en su declaración de impuestos del año 2013, pero tiene que calcularlo por separado. State income tax filing Vea Payments for prior year's expenses (Pagos por gastos del año anterior), bajo Amount of Credit (Cantidad del crédito) en la Publicación 503, en inglés. State income tax filing    Si incurrió en gastos en el año 2013 que no pagó hasta el año 2014, no los puede incluir cuando calcule el crédito del año 2013. State income tax filing Quizás pueda reclamar un crédito por esa cantidad en la declaración de impuestos del año 2014. State income tax filing Gastos reembolsados. State income tax filing   Si una agencia estatal de servicios sociales le paga una cantidad no tributable para reembolsarle algunos de sus gastos por el cuidado de su hijo o dependiente, no puede considerar esos gastos como gastos relacionados con el trabajo. State income tax filing Ejemplo. State income tax filing Usted pagó $3,000 en gastos relacionados con el trabajo. State income tax filing Una agencia estatal de servicios sociales le reembolsa $2,000. State income tax filing Puede usar sólamente $1,000 para calcular el crédito. State income tax filing Gastos médicos. State income tax filing   Algunos gastos por el cuidado de personas calificadas que no puedan cuidarse de sí mismas podrían reunir los requisitos para considerarse como gastos relacionados con el trabajo y también como gastos médicos. State income tax filing Puede usarlos de la manera que prefiera, pero no puede usar los mismos gastos para reclamar un crédito y también para declarar una deducción por gastos médicos. State income tax filing   Si usa estos gastos para calcular el crédito y son mayores que el límite del ingreso del trabajo o el límite de dinero, los cuales se explican más adelante, puede añadir a los gastos médicos la parte que excede del límite. State income tax filing Sin embargo, si usa el total de sus gastos para calcular la deducción de sus gastos médicos, no puede usar ninguna parte de los mismos para calcular el crédito. State income tax filing    Las cantidades que han sido excluidas de sus ingresos conforme al plan de cuidados de dependientes de su empleador no se pueden usar para declarar una deducción por gastos médicos. State income tax filing Beneficios para el Cuidado de Dependientes Si recibe beneficios para el cuidado de dependientes, el límite de dinero para propósitos del crédito podría ser disminuido. State income tax filing Vea más adelante Reducción del Límite de Dinero . State income tax filing No obstante, aun si no puede reclamar el crédito, quizás pueda declarar una exclusión o deducción por los beneficios para el cuidado de dependientes. State income tax filing Beneficios para el cuidado de dependientes. State income tax filing   Los beneficios para el cuidado de dependientes incluyen: Cantidades que su empleador le pague directamente a usted o directamente al proveedor de cuidados por el cuidado de su persona calificada mientras usted trabaje, El valor justo de mercado del cuidado en una guardería provista o financiada por su empleador y Aportaciones hechas por usted antes de la tasación de impuestos a una cuenta de gastos flexible para el cuidado de dependientes. State income tax filing Puede ser que su sueldo haya sido reducido para pagar esos beneficios. State income tax filing Si recibió beneficios como empleado, éstos deberían estar anotados en el recuadro 10 de su Formulario W-2. State income tax filing Vea Informe del empleado , más adelante. State income tax filing Los beneficios que usted recibió como socio deberían estar anotados en el recuadro 13 de su Anexo K-1 (Formulario 1065) con el código O. State income tax filing Anote la cantidad de dichos beneficios en la línea 12 de la Parte III del Formulario 2441. State income tax filing Exclusión o deducción. State income tax filing   Si su empleador provee beneficios para el cuidado de dependientes, conforme a un plan calificado, tal vez pueda excluir estos beneficios de sus ingresos. State income tax filing Su empleador le puede decir si su plan de beneficios reúne los requisitos. State income tax filing Para declarar la exclusión, tiene que llenar la Parte III del Formulario 2441. State income tax filing No puede usar el Formulario 1040EZ. State income tax filing   Si trabaja por cuenta propia y recibe beneficios de un plan calificado de beneficios para el cuidado de dependientes, se le considera empleador y empleado a la vez. State income tax filing Por lo tanto, no se le permite una exclusión del salario, sino una deducción en la línea 14 del Anexo C (Formulario 1040), en la línea 19 ó 28 del Anexo E (Formulario 1040), o en la línea 15 del Anexo F (Formulario 1040). State income tax filing Para declarar la deducción, tiene que usar el Formulario 2441. State income tax filing   La cantidad que se puede excluir o deducir se limita a la que sea menor entre las siguientes: La cantidad total de beneficios para el cuidado de dependientes que usted recibió durante el año, La cantidad total de gastos calificados en los que usted incurrió durante el año, Su ingreso del trabajo, El ingreso del trabajo de su cónyuge o $5,000 ($2,500 si son casados que presentan la declaración por separado). State income tax filing La definición del ingreso del trabajo para fines de la exclusión o deducción es igual a la definición que se usa para calcular el crédito, salvo que el ingreso del trabajo para fines de la exclusión o deducción no incluye los beneficios para el cuidado de dependientes recibidos por usted. State income tax filing Vea Límite del Ingreso del Trabajo, más adelante. State income tax filing    Cuando está calculando su exclusión o deducción, usted puede elegir incluir en su ingreso del trabajo lo que ha ganado por concepto de pago por combate no sujeto a impuestos. State income tax filing Tiene esta opción aun si usted elige no incluir esos pagos en su ingreso del trabajo para propósitos del crédito por ingreso del trabajo o el crédito por gastos del cuidado de menores y dependientes. State income tax filing Informe del empleado. State income tax filing   Su empleador tiene que entregarle a usted un Formulario W-2 (o informe parecido) que muestre en el recuadro 10 la cantidad total de los beneficios para el cuidado de dependientes que le fueron provistos a usted durante el año conforme a un plan calificado. State income tax filing Su empleador también incluirá en sus salarios, anotados en el recuadro 1 de su Formulario W-2, todos los beneficios para el cuidado de dependientes que exceden de los $5,000. State income tax filing Efecto de la exclusión sobre el crédito. State income tax filing   Si excluye de sus ingresos los beneficios para el cuidado de dependientes, la cantidad de los beneficios excluidos: No se incluye en sus gastos relacionados con el trabajo y Reduce el límite de dinero, explicado más adelante. State income tax filing Límite del Ingreso del Trabajo La cantidad de los gastos relacionados con el trabajo que usted puede utilizar para calcular su crédito no puede exceder: Del importe de su ingreso del trabajo del año, si está soltero al final del año ni Del que sea menor entre su ingreso del trabajo y el de su cónyuge durante el año, si están casados al final del año. State income tax filing El ingreso del trabajo se define bajo Requisito del Ingreso del Trabajo , anteriormente. State income tax filing En el caso del punto (2) anterior, utilice el total del ingreso del trabajo de su cónyuge durante todo el año, aunque estuviera casado solamente durante una parte del año. State income tax filing Cónyuge separado. State income tax filing   Si está legalmente separado o casado y no vive con su cónyuge (tal como se describe anteriormente bajo Requisito de la Declaración Conjunta ), a usted no se le considera casado para propósitos del límite del ingreso del trabajo. State income tax filing Use solamente su propio ingreso al calcular el límite del ingreso del trabajo. State income tax filing Cónyuge sobreviviente. State income tax filing   Si su cónyuge falleció durante el año y usted presenta una declaración conjunta como cónyuge sobreviviente, puede, pero no está obligado a, tomar en cuenta el ingreso del trabajo de su cónyuge fallecido durante el año. State income tax filing Leyes de los bienes gananciales. State income tax filing   Debe hacer caso omiso de las leyes de los bienes gananciales al calcular el ingreso del trabajo para este crédito. State income tax filing Si usted o cónyuge es estudiante o no puede cuidar de sí mismo. State income tax filing   Si su cónyuge es estudiante a tiempo completo o no puede cuidar de sí mismo, se considera que tiene ingreso del trabajo. State income tax filing Se considera que su ingreso del trabajo mensual es de por lo menos $250 si hay una persona calificada en la vivienda de usted, o de por lo menos $500 si hay dos o más personas en su vivienda. State income tax filing Si su cónyuge trabaja. State income tax filing   Si su cónyuge trabaja durante ese mes, utilice $250 (o $500) o el ingreso del trabajo real de él o ella para ese mes, lo que sea mayor. State income tax filing Si su cónyuge reúne los requisitos por una parte de un mes. State income tax filing    Si su cónyuge es estudiante a tiempo completo o no puede cuidar de sí mismo sólo por una parte del mes, la cantidad entera de $250 (o $500) todavía corresponde para ese mes. State income tax filing Usted es estudiante o no puede cuidar de sí mismo. State income tax filing   También corresponden estas reglas si usted es estudiante o no puede cuidar de sí mismo y presenta una declaración conjunta. State income tax filing Por cada mes o parte del mes que sea un estudiante o que no pueda cuidar de sí mismo, se considera que su ingreso del trabajo es por lo menos $250 (o $500). State income tax filing Si también trabaja durante ese mes, use la cantidad mayor de $250 (o $500) o su cantidad real de ingreso del trabajo para ese mes. State income tax filing Si ambos cónyuges reúnen los requisitos. State income tax filing   Si, en el mismo mes, tanto usted como su cónyuge son estudiantes a tiempo completo o no pueden cuidar de sí mismos, se puede considerar que sólo un cónyuge tiene este ingreso del trabajo de $250 (o $500) para ese mes. State income tax filing Límite de Dinero Existe un límite en la cantidad de gastos relacionados con el trabajo que se puede usar para calcular el crédito. State income tax filing El límite es $3,000 en el caso de una persona calificada, o $6,000 en el caso de dos o más personas calificadas. State income tax filing Si pagó gastos relacionados con el trabajo por el cuidado de dos o más personas calificadas, el límite aplicable es de $6,000. State income tax filing No hay necesidad de dividir dicho límite de $6,000 por igual entre ellas. State income tax filing Por ejemplo, si sus gastos relacionados con el trabajo por el cuidado de una persona calificada son de $3,200 y los gastos relacionados con el trabajo por otra persona calificada son de $2,800, puede utilizar el total, $6,000, al calcular el crédito. State income tax filing Límite anual. State income tax filing   El límite de dinero es un límite anual. State income tax filing La cantidad del límite de dinero se mantiene igual, sin importar cuánto tiempo durante el año tenga en su residencia a una persona calificada. State income tax filing Utilice el límite de $3,000 si pagó gastos relacionados con el trabajo para una persona calificada en algún momento del año. State income tax filing Utilice el límite de $6,000 si pagó gastos relacionados con el trabajo para más de una persona calificada en algún momento del año. State income tax filing Reducción del Límite de Dinero Si recibió beneficios para el cuidado de dependientes que usted excluye o deduce de sus ingresos, tiene que restar esa cantidad del límite de dinero que le corresponde. State income tax filing La reducción del límite de dinero se calcula en la Parte III del Formulario 2441. State income tax filing Vea la sección anterior, Beneficios para el Cuidado de Dependientes , para información sobre cómo excluir o deducir estos beneficios. State income tax filing Ejemplo 1. State income tax filing Jorge es viudo, tiene un hijo y gana $24,000 al año. State income tax filing Paga gastos relacionados con el trabajo de $2,900 por el cuidado de su hijo de 4 años de edad. State income tax filing Jorge reúne los requisitos para reclamar el crédito por gastos del cuidado de menores y dependientes. State income tax filing Su empleador paga $1,000 adicionales, conforme a un plan de beneficios para el cuidado de dependientes. State income tax filing Estos $1,000 se excluyen de los ingresos de Jorge. State income tax filing Aunque el límite de dinero para sus gastos relacionados con el trabajo es de $3,000 (una persona calificada), Jorge calcula su crédito basándose solamente en $2,000 de los $2,900 que pagó por gastos relacionados con el trabajo. State income tax filing Ésto se debe a que su límite de dinero se ha reducido como se muestra a continuación:   Reducción del Límite de Dinero de Jorge 1) Máximo de gastos permitidos para una persona calificada $3,000 2) Menos: Los beneficios para el cuidado de dependientes que Jorge excluye de sus ingresos −1,000 3) Reducción del límite de dinero sobre los gastos que Jorge puede utilizar para el crédito $2,000 Ejemplo 2. State income tax filing Ronaldo está casado y tanto él como su esposa trabajan. State income tax filing Cada uno tiene ingreso del trabajo superior a $6,000. State income tax filing Ellos tienen dos hijos, Anita y Antonio, de 2 y 4 años. State income tax filing Sus hijos asisten a un centro de cuidados para niños durante el día, el cual es controlado por el estado, y con licencia expedida por el mismo. State income tax filing Ronaldo tuvo $6,000 en gastos relacionados con su trabajo en el año. State income tax filing El empleador de Ronaldo ofrece un programa de ayuda para el cuidado de dependientes como parte de su plan cafeteria, el cual permite que los empleados efectúen aportaciones a un plan de gastos flexibles para el cuidado de dependientes (Dependent care flexible spending arrangement) antes de que se tasen impuestos sobre las mismas. State income tax filing Como parte de este programa, Ronaldo ha elegido tomar la exclusión máxima de $5,000 de su salario para pagar los gastos del cuidado de dependientes. State income tax filing Aunque el límite de dinero para los gastos relacionados con el trabajo es de $6,000 (para dos o más personas calificadas), Ronaldo calcula su crédito usando sólo $1,000 de los $6,000 que pagó por concepto de gastos relacionados con el trabajo. State income tax filing Esto se debe a la reducción de su límite de dinero, explicada a continuación. State income tax filing   Reducción del Límite de Dinero de Ronaldo 1) Máximo de gastos permitidos para dos personas calificadas $6,000 2) Menos: Los beneficios para el cuidado de dependientes elegidos del plan “cafetería” ofrecido por su empleador, y excluidos del ingreso de Ronaldo −5,000 3) Reducción del límite de dinero sobre los gastos que Ronaldo puede utilizar para el crédito $1,000 Cantidad de Crédito Para determinar la cantidad de su crédito, multiplique sus gastos relacionados con el trabajo (después de aplicar el límite del ingreso del trabajo y el límite de dinero) por el porcentaje correspondiente. State income tax filing Este porcentaje depende del ingreso bruto ajustado, como se refleja en la línea 38 del Formulario 1040 o la línea 22 del Formulario 1040A. State income tax filing La tabla siguiente muestra el porcentaje que deberá usar basado en el ingreso bruto ajustado:   SI su ingreso bruto ajustado es: ENTONCES el       Más de   Pero no más de   porcentaje es:       $0   $15,000   35%       15,000   17,000   34%       17,000   19,000   33%       19,000   21,000   32%       21,000   23,000   31%       23,000   25,000   30%       25,000   27,000   29%       27,000   29,000   28%       29,000   31,000   27%       31,000   33,000   26%       33,000   35,000   25%       35,000   37,000   24%       37,000   39,000   23%       39,000   41,000   22%       41,000   43,000   21%       43,000   No hay límite   20%   Cómo Reclamar el Crédito Para reclamar el crédito, puede presentar el Formulario 1040 o el Formulario 1040A. State income tax filing No puede reclamar el crédito en el Formulario 1040EZ. State income tax filing Formulario 1040 ó 1040A. State income tax filing   Tiene que completar el Formulario 2441 y adjuntar el mismo a su Formulario 1040 ó 1040A. State income tax filing Anote la cantidad del crédito en la línea 48 del Formulario 1040 o la línea 29 del Formulario 1040A. State income tax filing Límite de crédito. State income tax filing   En la mayoría de los casos, la cantidad de crédito que puede reclamar se limita a la cantidad de su impuesto. State income tax filing Para más información vea las Instrucciones del Formulario 2441. State income tax filing Crédito tributario no reembolsable. State income tax filing   No puede obtener un reembolso por parte alguna del crédito que supere este límite. State income tax filing Mantenimiento de documentación. State income tax filing Usted debería mantener datos y registros de los gastos relacionados con el trabajo. State income tax filing Además, si su dependiente o cónyuge no puede cuidar de sí mismo, los datos y registros que mantiene deben indicar tanto la forma como la duración de la incapacidad. State income tax filing Otros datos y documentos que debería mantener para respaldar su solicitud de crédito se describen anteriormente bajo Requisito de Identificación del Proveedor de Cuidados . State income tax filing Impuestos sobre la Nómina para Empleadores de Empleados Domésticos Si le paga a alguien para que venga a su hogar y cuide a su dependiente o a su cónyuge, es posible que se le considere un empleador de empleados domésticos. State income tax filing Si es empleador de empleados domésticos, necesitará obtener un número de identificación del empleador (EIN) y quizás tenga que pagar impuestos sobre la nómina. State income tax filing Si las personas que trabajan en la residencia de usted son empleados autónomos, es decir, trabajan por cuenta propia, usted no es responsable de ninguno de los impuestos que se explican en esta sección. State income tax filing Las personas que trabajan por cuenta propia no son empleados domésticos. State income tax filing Por lo general, usted no es empleador de empleados domésticos si la persona que cuida a su dependiente o cónyuge presta el servicio de cuidados en su propia residencia o lugar de negocio. State income tax filing Si usa una agencia de empleo que tiene control sobre la clase de trabajo que realiza una niñera o acompañante que trabaja en la vivienda de usted, y sobre la manera en que se realiza el mismo, aquella persona no es su empleado. State income tax filing Dicho control podría incluir proveer reglas de conducta y aspecto personal y exigir la entrega de informes con regularidad. State income tax filing Si ese es el caso, usted no tiene que pagar impuestos sobre la nómina. State income tax filing Sin embargo, si una agencia sólo le entrega una lista de niñeros o niñeras y usted contrata a uno de los que encontró en esa lista y paga directamente al mismo por sus servicios, dicha persona podría ser su empleado. State income tax filing Si tiene un empleado doméstico usted podría estar sujeto a: Los impuestos del Seguro Social y Medicare, El impuesto federal sobre el desempleo y La retención del impuesto federal sobre el ingreso. State income tax filing Los impuestos del Seguro Social y Medicare, por lo general, son retenidos de la paga de los empleados, y los empleadores pagan una cantidad igual. State income tax filing El impuesto federal para el desempleo (FUTA, por sus siglas en inglés) lo paga solamente el empleador y son pagos por desempleo a empleados que hayan perdido su trabajo. State income tax filing El impuesto federal sobre el ingreso se retiene del sueldo total del empleado si él le pide que lo haga y usted está de acuerdo. State income tax filing Para más información sobre las responsabilidades tributarias de un empleador doméstico, vea la Publicación 926 y el Anexo H (Formulario 1040), en inglés, y las instrucciones correspondientes. State income tax filing Impuestos estatales sobre la nómina. State income tax filing   Es posible que también tenga que pagar el impuesto estatal de desempleo. State income tax filing Póngase en contacto con su oficina de impuestos estatales para el desempleo a fin de obtener más información. State income tax filing También debería averiguar si necesita pagar o cobrar otros impuestos estatales sobre la nómina o tener seguro de compensación al trabajador. State income tax filing Para una lista de agencias de impuestos estatales de desempleo, vísite el sitio web del U. State income tax filing S. State income tax filing Department of Labor (Departamento del Trabajo). State income tax filing Un enlace a este sitio web está en la Publicación 926, en inglés, o lo puede buscar en línea. State income tax filing Prev  Up  Next   Home   More Online Publications
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SOI Tax Stats - Individual Tax Statistics

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Here you will find links to various studies relating to the individual taxpayer.

 

Individual Income Tax Numerous studies which provide statistics on income, deductions, tax, and credits reported on individual Form 1040 income tax returns and associated schedules are available in this area. Find statistics on high income tax returns, income tax rates, nonfarm sole proprietorships, data by geographic areas, and more...

Estate Tax

Estate Tax Statistics OneSheet

This annual study includes information on gross estate and its composition, deductions, and tax; and information on the age, sex, and marital status of decedents. Basic estate tax return data by year in which returns are filed are produced each year. Also included are data on nonresident aliens who had more than $60,000 of assets in the United States. These data come from taxpayers filing Form 706.
International Numerous studies which provide statistics on the individual taxpayer in the international context. Find statistics on foreign recipients of U.S. income, foreign trusts, individual foreign earned income and the foreign tax credit, international boycotts and nonresident alien estate tax returns. These data come from taxpayers filing Forms 706-NA, 1042-S, 1116, 2555, 3520, 5713 and more.
Personal Wealth This periodic study provides estimates of personal wealth of top wealth holders that are generated from estate tax return data using the "estate multiplier" technique, in conjunction with both filing-year and year-of-death estate databases.

Income from Trusts and Estates

Snapshot of Estate and Trust Income Tax Statistics

The U.S. Income Tax Return for Estates and Trusts (Form 1041) is used to report the income, deductions, gains, and losses of estates and trusts, as well as distributions to beneficiaries and income tax liability. Entities are classified into types based on their purpose.  

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Page Last Reviewed or Updated: 24-Mar-2014

The State Income Tax Filing

State income tax filing Publication 542 - Main Content Table of Contents Businesses Taxed as CorporationsPersonal services. State income tax filing Employee-owners. State income tax filing Other rules. State income tax filing Other rules. State income tax filing Property Exchanged for StockNonqualified preferred stock. State income tax filing Liabilities. State income tax filing Election to reduce basis. State income tax filing Capital Contributions Filing and Paying Income TaxesIncome Tax Return Penalties Estimated Tax U. State income tax filing S. State income tax filing Real Property Interest Accounting MethodsSection 481(a) adjustment. State income tax filing Accounting Periods Recordkeeping Income, Deductions, and Special ProvisionsCosts of Going Into Business Related Persons Income From Qualifying Shipping Activities Election to Expense Qualified Refinery Property Deduction to Comply With EPA Sulfur Regulations Energy-Efficient Commercial Building Property Deduction Corporate Preference Items Dividends-Received Deduction Extraordinary Dividends Below-Market Loans Charitable Contributions Capital Losses Net Operating Losses At-Risk Limits Passive Activity Limits Figuring TaxTax Rate Schedule Alternative Minimum Tax (AMT) Credits Recapture Taxes Accumulated Earnings Tax Distributions to ShareholdersMoney or Property Distributions Distributions of Stock or Stock Rights Constructive Distributions Reporting Dividends and Other Distributions How To Get Tax Help Businesses Taxed as Corporations The rules you must use to determine whether a business is taxed as a corporation changed for businesses formed after 1996. State income tax filing Business formed before 1997. State income tax filing   A business formed before 1997 and taxed as a corporation under the old rules will generally continue to be taxed as a corporation. State income tax filing Business formed after 1996. State income tax filing   The following businesses formed after 1996 are taxed as corporations. State income tax filing A business formed under a federal or state law that refers to it as a corporation, body corporate, or body politic. State income tax filing A business formed under a state law that refers to it as a joint-stock company or joint-stock association. State income tax filing An insurance company. State income tax filing Certain banks. State income tax filing A business wholly owned by a state or local government. State income tax filing A business specifically required to be taxed as a corporation by the Internal Revenue Code (for example, certain publicly traded partnerships). State income tax filing Certain foreign businesses. State income tax filing Any other business that elects to be taxed as a corporation. State income tax filing For example, a limited liability company (LLC) can elect to be treated as an association taxable as a corporation by filing Form 8832, Entity Classification Election. State income tax filing For more information about LLCs, see Publication 3402, Taxation of Limited Liability Companies. State income tax filing S corporations. State income tax filing   Some corporations may meet the qualifications for electing to be S corporations. State income tax filing For information on S corporations, see the instructions for Form 1120S, U. State income tax filing S. State income tax filing Income Tax Return for an S Corporation. State income tax filing Personal service corporations. State income tax filing   A corporation is a personal service corporation if it meets all of the following requirements. State income tax filing Its principal activity during the “testing period” is performing personal services (defined later). State income tax filing Generally, the testing period for any tax year is the prior tax year. State income tax filing If the corporation has just been formed, the testing period begins on the first day of its tax year and ends on the earlier of: The last day of its tax year, or The last day of the calendar year in which its tax year begins. State income tax filing Its employee-owners substantially perform the services in (1), above. State income tax filing This requirement is met if more than 20% of the corporation's compensation cost for its activities of performing personal services during the testing period is for personal services performed by employee-owners. State income tax filing Its employee-owners own more than 10% of the fair market value of its outstanding stock on the last day of the testing period. State income tax filing Personal services. State income tax filing   Personal services include any activity performed in the fields of accounting, actuarial science, architecture, consulting, engineering, health (including veterinary services), law, and the performing arts. State income tax filing Employee-owners. State income tax filing   A person is an employee-owner of a personal service corporation if both of the following apply. State income tax filing He or she is an employee of the corporation or performs personal services for, or on behalf of, the corporation (even if he or she is an independent contractor for other purposes) on any day of the testing period. State income tax filing He or she owns any stock in the corporation at any time during the testing period. State income tax filing Other rules. State income tax filing   For other rules that apply to personal service corporations see Accounting Periods, later. State income tax filing Closely held corporations. State income tax filing   A corporation is closely held if all of the following apply. State income tax filing It is not a personal service corporation. State income tax filing At any time during the last half of the tax year, more than 50% of the value of its outstanding stock is, directly or indirectly, owned by or for five or fewer individuals. State income tax filing “Individual” includes certain trusts and private foundations. State income tax filing Other rules. State income tax filing   For the at-risk rules that apply to closely held corporations, seeAt-Risk Limits, later. State income tax filing Property Exchanged for Stock If you transfer property (or money and property) to a corporation in exchange for stock in that corporation (other than nonqualified preferred stock, described later), and immediately afterward you are in control of the corporation, the exchange is usually not taxable. State income tax filing This rule applies both to individuals and to groups who transfer property to a corporation. State income tax filing It also applies whether the corporation is being formed or is already operating. State income tax filing It does not apply in the following situations. State income tax filing The corporation is an investment company. State income tax filing You transfer the property in a bankruptcy or similar proceeding in exchange for stock used to pay creditors. State income tax filing The stock is received in exchange for the corporation's debt (other than a security) or for interest on the corporation's debt (including a security) that accrued while you held the debt. State income tax filing Both the corporation and any person involved in a nontaxable exchange of property for stock must attach to their income tax returns a complete statement of all facts pertinent to the exchange. State income tax filing For more information, see section 1. State income tax filing 351-3 of the Regulations. State income tax filing Control of a corporation. State income tax filing   To be in control of a corporation, you or your group of transferors must own, immediately after the exchange, at least 80% of the total combined voting power of all classes of stock entitled to vote and at least 80% of the outstanding shares of each class of nonvoting stock. State income tax filing Example 1. State income tax filing You and Bill Jones buy property for $100,000. State income tax filing You both organize a corporation when the property has a fair market value of $300,000. State income tax filing You transfer the property to the corporation for all its authorized capital stock, which has a par value of $300,000. State income tax filing No gain is recognized by you, Bill, or the corporation. State income tax filing Example 2. State income tax filing You and Bill transfer the property with a basis of $100,000 to a corporation in exchange for stock with a fair market value of $300,000. State income tax filing This represents only 75% of each class of stock of the corporation. State income tax filing The other 25% was already issued to someone else. State income tax filing You and Bill recognize a taxable gain of $200,000 on the transaction. State income tax filing Services rendered. State income tax filing   The term property does not include services rendered or to be rendered to the issuing corporation. State income tax filing The value of stock received for services is income to the recipient. State income tax filing Example. State income tax filing You transfer property worth $35,000 and render services valued at $3,000 to a corporation in exchange for stock valued at $38,000. State income tax filing Right after the exchange, you own 85% of the outstanding stock. State income tax filing No gain is recognized on the exchange of property. State income tax filing However, you recognize ordinary income of $3,000 as payment for services you rendered to the corporation. State income tax filing Property of relatively small value. State income tax filing   The term property does not include property of a relatively small value when it is compared to the value of stock and securities already owned or to be received for services by the transferor if the main purpose of the transfer is to qualify for the nonrecognition of gain or loss by other transferors. State income tax filing   Property transferred will not be considered to be of relatively small value if its fair market value is at least 10% of the fair market value of the stock and securities already owned or to be received for services by the transferor. State income tax filing Stock received in disproportion to property transferred. State income tax filing   If a group of transferors exchange property for corporate stock, each transferor does not have to receive stock in proportion to his or her interest in the property transferred. State income tax filing If a disproportionate transfer takes place, it will be treated for tax purposes in accordance with its true nature. State income tax filing It may be treated as if the stock were first received in proportion and then some of it used to make gifts, pay compensation for services, or satisfy the transferor's obligations. State income tax filing Money or other property received. State income tax filing   If, in an otherwise nontaxable exchange of property for corporate stock, you also receive money or property other than stock, you may have to recognize gain. State income tax filing You must recognize gain only up to the amount of money plus the fair market value of the other property you receive. State income tax filing The rules for figuring the recognized gain in this situation generally follow those for a partially nontaxable exchange discussed in Publication 544 under Like-Kind Exchanges. State income tax filing If the property you give up includes depreciable property, the recognized gain may have to be reported as ordinary income from depreciation. State income tax filing See chapter 3 of Publication 544. State income tax filing No loss is recognized. State income tax filing Nonqualified preferred stock. State income tax filing   Nonqualified preferred stock is treated as property other than stock. State income tax filing Generally, it is preferred stock with any of the following features. State income tax filing The holder has the right to require the issuer or a related person to redeem or buy the stock. State income tax filing The issuer or a related person is required to redeem or buy the stock. State income tax filing The issuer or a related person has the right to redeem or buy the stock and, on the issue date, it is more likely than not that the right will be exercised. State income tax filing The dividend rate on the stock varies with reference to interest rates, commodity prices, or similar indices. State income tax filing For a detailed definition of nonqualified preferred stock, see section 351(g)(2) of the Internal Revenue Code. State income tax filing Liabilities. State income tax filing   If the corporation assumes your liabilities, the exchange generally is not treated as if you received money or other property. State income tax filing There are two exceptions to this treatment. State income tax filing If the liabilities the corporation assumes are more than your adjusted basis in the property you transfer, gain is recognized up to the difference. State income tax filing However, if the liabilities assumed give rise to a deduction when paid, such as a trade account payable or interest, no gain is recognized. State income tax filing If there is no good business reason for the corporation to assume your liabilities, or if your main purpose in the exchange is to avoid federal income tax, the assumption is treated as if you received money in the amount of the liabilities. State income tax filing For more information on the assumption of liabilities, see section 357(d) of the Internal Revenue Code. State income tax filing Example. State income tax filing You transfer property to a corporation for stock. State income tax filing Immediately after the transfer, you control the corporation. State income tax filing You also receive $10,000 in the exchange. State income tax filing Your adjusted basis in the transferred property is $20,000. State income tax filing The stock you receive has a fair market value (FMV) of $16,000. State income tax filing The corporation also assumes a $5,000 mortgage on the property for which you are personally liable. State income tax filing Gain is realized as follows. State income tax filing FMV of stock received $16,000 Cash received 10,000 Liability assumed by corporation 5,000 Total received $31,000 Minus: Adjusted basis of property transferred 20,000 Realized gain $11,000   The liability assumed is not treated as money or other property. State income tax filing The recognized gain is limited to $10,000, the cash received. State income tax filing Loss on exchange. State income tax filing   If you have a loss from an exchange and own, directly or indirectly, more than 50% of the corporation's stock, you cannot deduct the loss. State income tax filing For more information, see Nondeductible Loss under Sales and Exchanges Between Related Persons in chapter 2 of Publication 544. State income tax filing Basis of stock or other property received. State income tax filing   The basis of the stock you receive is generally the adjusted basis of the property you transfer. State income tax filing Increase this amount by any amount treated as a dividend, plus any gain recognized on the exchange. State income tax filing Decrease this amount by any cash you received, the fair market value of any other property you received, and any loss recognized on the exchange. State income tax filing Also decrease this amount by the amount of any liability the corporation or another party to the exchange assumed from you, unless payment of the liability gives rise to a deduction when paid. State income tax filing    Further decreases may be required when the corporation or another party to the exchange assumes from you a liability that gives rise to a deduction when paid, if the basis of the stock would otherwise be higher than its fair market value on the date of the exchange. State income tax filing This rule does not apply if the entity assuming the liability acquired either substantially all of the assets or the trade or business with which the liability is associated. State income tax filing The basis of any other property you receive is its fair market value on the date of the trade. State income tax filing Basis of property transferred. State income tax filing   A corporation that receives property from you in exchange for its stock generally has the same basis you had in the property, increased by any gain you recognized on the exchange. State income tax filing However, the increase for the gain recognized may be limited. State income tax filing For more information, see section 362 of the Internal Revenue Code. State income tax filing Election to reduce basis. State income tax filing   In a section 351 transaction, if the adjusted basis of the property transferred exceeds the property's fair market value, the transferor and transferee may make an irrevocable election to treat the basis of the stock received by the transferor as having a basis equal to the fair market value of the property transferred. State income tax filing The transferor and transferee make this election by attaching a statement to their tax returns filed by the due date (including extensions) for the tax year in which the transaction occurred. State income tax filing However, if the transferor makes the election by including the certification provided in Notice 2005-70, 2005-41, I. State income tax filing R. State income tax filing B. State income tax filing 694, on or with its tax return filed by the due date (including extensions), then no election need be made by the transferee. State income tax filing    For more information on making this election, see section 362(e)(2)(C) of the Internal Revenue Code, and Notice 2005-70. State income tax filing Capital Contributions This section explains the tax treatment of contributions from shareholders and nonshareholders. State income tax filing Paid-in capital. State income tax filing   Contributions to the capital of a corporation, whether or not by shareholders, are paid-in capital. State income tax filing These contributions are not taxable to the corporation. State income tax filing Basis. State income tax filing   The corporation's basis of property contributed to capital by a shareholder is the same as the basis the shareholder had in the property, increased by any gain the shareholder recognized on the exchange. State income tax filing However, the increase for the gain recognized may be limited. State income tax filing For more information, see Basis of property transferred, above, and section 362 of the Internal Revenue Code. State income tax filing   The basis of property contributed to capital by a person other than a shareholder is zero. State income tax filing   If a corporation receives a cash contribution from a person other than a shareholder, the corporation must reduce the basis of any property acquired with the contribution during the 12-month period beginning on the day it received the contribution by the amount of the contribution. State income tax filing If the amount contributed is more than the cost of the property acquired, then reduce, but not below zero, the basis of the other properties held by the corporation on the last day of the 12-month period in the following order. State income tax filing Depreciable property. State income tax filing Amortizable property. State income tax filing Property subject to cost depletion but not to percentage depletion. State income tax filing All other remaining properties. State income tax filing   Reduce the basis of property in each category to zero before going on to the next category. State income tax filing   There may be more than one piece of property in each category. State income tax filing Base the reduction of the basis of each property on the following ratio:   Basis of each piece of property   Bases of all properties (within that category) If the corporation wishes to make this adjustment in some other way, it must get IRS approval. State income tax filing The corporation files a request for approval with its income tax return for the tax year in which it receives the contribution. State income tax filing Filing and Paying Income Taxes The federal income tax is a pay-as-you-go tax. State income tax filing A corporation generally must make estimated tax payments as it earns or receives income during its tax year. State income tax filing After the end of the year, the corporation must file an income tax return. State income tax filing This section will help you determine when and how to pay and file corporate income taxes. State income tax filing For certain corporations affected by Presidentially declared disasters such as hurricanes, the due dates for filing returns, paying taxes, and performing other time-sensitive acts may be extended. State income tax filing The IRS may also forgive the interest and penalties on any underpaid tax for the length of any extension. State income tax filing For more information, visit www. State income tax filing irs. State income tax filing gov/newsroom/article/0,,id=108362. State income tax filing 00. State income tax filing Income Tax Return This section will help you determine when and how to report a corporation's income tax. State income tax filing Who must file. State income tax filing   Unless exempt under section 501 of the Internal Revenue Code, all domestic corporations in existence for any part of a tax year (including corporations in bankruptcy) must file an income tax return whether or not they have taxable income. State income tax filing Which form to file. State income tax filing   A corporation generally must file Form 1120, U. State income tax filing S. State income tax filing Corporation Income Tax Return, to report its income, gains, losses, deductions, credits, and to figure its income tax liability. State income tax filing Certain organizations and entities must file special returns. State income tax filing For more information, see Special Returns for Certain Organizations, in the Instructions for Form 1120. State income tax filing Electronic filing. State income tax filing   Corporations can generally electronically file (e-file) Form 1120 and certain related forms, schedules, and attachments. State income tax filing Certain corporations with total assets of $10 million or more, that file at least 250 returns a year must e-file Form 1120. State income tax filing However, in certain instances, these corporations can request a waiver. State income tax filing For more information regarding electronic filing, visit www. State income tax filing irs. State income tax filing gov/efile. State income tax filing When to file. State income tax filing   Generally, a corporation must file its income tax return by the 15th day of the 3rd month after the end of its tax year. State income tax filing A new corporation filing a short-period return must generally file by the 15th day of the 3rd month after the short period ends. State income tax filing A corporation that has dissolved must generally file by the 15th day of the 3rd month after the date it dissolved. State income tax filing Example 1. State income tax filing A corporation's tax year ends December 31. State income tax filing It must file its income tax return by March 15th. State income tax filing Example 2. State income tax filing A corporation's tax year ends June 30. State income tax filing It must file its income tax return by September 15th. State income tax filing   If the due date falls on a Saturday, Sunday, or legal holiday, the due date is extended to the next business day. State income tax filing Extension of time to file. State income tax filing   File Form 7004, Application for Automatic Extension of Time To File Certain Business Income Tax, Information and Other Returns, to request an extension of time to file a corporation income tax return. State income tax filing The IRS will grant the extension if you complete the form properly, file it, and pay any tax due by the original due date for the return. State income tax filing   Form 7004 does not extend the time for paying the tax due on the return. State income tax filing Interest, and possibly penalties, will be charged on any part of the final tax due not shown as a balance due on Form 7004. State income tax filing The interest is figured from the original due date of the return to the date of payment. State income tax filing   For more information, see the instructions for Form 7004. State income tax filing How to pay your taxes. State income tax filing   A corporation must pay its tax due in full no later than the 15th day of the 3rd month after the end of its tax year. State income tax filing Electronic Federal Tax Payment System (EFTPS). State income tax filing   Corporations generally must use EFTPS to make deposits of all tax liabilities (including social security, Medicare, withheld income, excise, and corporate income taxes). State income tax filing For more information on EFTPS and enrollment, visit www. State income tax filing eftps. State income tax filing gov or call 1-800-555-4477. State income tax filing Also see Publication 966, The Secure Way to Pay Your Federal Taxes. State income tax filing Note. State income tax filing Forms 8109 and 8109-B, Federal Tax Deposit Coupon, can no longer be used to make federal tax deposits. State income tax filing Penalties Generally, if the corporation receives a notice about interest and penalties after it files its return, send the IRS an explanation and we will determine if the corporation meets reasonable-cause criteria. State income tax filing Do not attach an explanation when the corporation's return is filed. State income tax filing See the instructions for your income tax return. State income tax filing Late filing of return. State income tax filing    A corporation that does not file its tax return by the due date, including extensions, may be penalized 5% of the unpaid tax for each month or part of a month the return is late, up to a maximum of 25% of the unpaid tax. State income tax filing If the corporation is charged a penalty for late payment of tax (discussed next) for the same period of time, the penalty for late filing is reduced by the amount of the penalty for late payment. State income tax filing The minimum penalty for a return that is over 60 days late is the smaller of the tax due or $100. State income tax filing The penalty will not be imposed if the corporation can show the failure to file on time was due to a reasonable cause. State income tax filing Late payment of tax. State income tax filing    A corporation that does not pay the tax when due may be penalized ½ of 1% of the unpaid tax for each month or part of a month the tax is not paid, up to a maximum of 25% of the unpaid tax. State income tax filing The penalty will not be imposed if the corporation can show that the failure to pay on time was due to a reasonable cause. State income tax filing Trust fund recovery penalty. State income tax filing   If income, social security, and Medicare taxes that a corporation must withhold from employee wages are not withheld or are not deposited or paid to the United States Treasury, the trust fund recovery penalty may apply. State income tax filing The penalty is the full amount of the unpaid trust fund tax. State income tax filing This penalty may apply to you if these unpaid taxes cannot be immediately collected from the business. State income tax filing   The trust fund recovery penalty may be imposed on all persons who are determined by the IRS to be responsible for collecting, accounting for, and paying these taxes, and who acted willfully in not doing so. State income tax filing   A responsible person can be an officer or employee of a corporation, an accountant, or a volunteer director/trustee. State income tax filing A responsible person also may include one who signs checks for the corporation or otherwise has authority to cause the spending of business funds. State income tax filing   Willfully means voluntarily, consciously, and intentionally. State income tax filing A responsible person acts willfully if the person knows the required actions are not taking place. State income tax filing   For more information on withholding and paying these taxes, see Publication 15 (Circular E), Employer's Tax Guide, and Publication 51, (Circular A), Agricultural Employer's Tax Guide. State income tax filing Other penalties. State income tax filing   Other penalties can be imposed for negligence, substantial understatement of tax, reportable transaction understatements, and fraud. State income tax filing See sections 6662, 6662A, and 6663 of the Internal Revenue Code. State income tax filing Estimated Tax Generally, a corporation must make installment payments if it expects its estimated tax for the year to be $500 or more. State income tax filing If the corporation does not pay the installments when they are due, it could be subject to an underpayment penalty. State income tax filing This section will explain how to avoid this penalty. State income tax filing When to pay estimated tax. State income tax filing   Installment payments are due by the 15th day of the 4th, 6th, 9th, and 12th months of the corporation's tax year. State income tax filing Example 1. State income tax filing Your corporation's tax year ends December 31. State income tax filing Installment payments are due on April 15, June 15, September 15, and December 15. State income tax filing Example 2. State income tax filing Your corporation's tax year ends June 30. State income tax filing Installment payments are due on October 15, December 15, March 15, and June 15. State income tax filing   If any due date falls on a Saturday, Sunday, or legal holiday, the installment is due on the next business day. State income tax filing How to figure each required installment. State income tax filing   Use Form 1120-W, Estimated Tax for Corporations, as a worksheet to figure each required installment of estimated tax. State income tax filing You will generally use one of the following two methods to figure each required installment. State income tax filing You should use the method that yields the smallest installment payments. State income tax filing Note. State income tax filing In these discussions, “return” generally refers to the corporation's original return. State income tax filing However, an amended return is considered the original return if it is filed by the due date (including extensions) of the original return. State income tax filing Method 1. State income tax filing   Each required installment is 25% of the income tax the corporation will show on its return for the current year. State income tax filing Method 2. State income tax filing   Each required installment is 25% of the income tax shown on the corporation's return for the previous year. State income tax filing   To use Method 2: The corporation must have filed a return for the previous year, The return must have been for a full 12 months, and The return must have shown a positive tax liability (not zero). State income tax filing Also, if the corporation is a large corporation, it can use Method 2 to figure the first installment only. State income tax filing   See the Instructions for Form 1120-W, for the definition of a large corporation and other special rules for large corporations. State income tax filing Other methods. State income tax filing   If a corporation's income is expected to vary during the year because, for example, its business is seasonal, it may be able to lower the amount of one or more required installments by using one or both of the following methods. State income tax filing The annualized income installment method. State income tax filing The adjusted seasonal installment method. State income tax filing Use Schedule A of Form 1120-W to determine if using one or both of these methods will lower the amount of any required installments. State income tax filing Refiguring required installments. State income tax filing   If after the corporation figures and deposits its estimated tax it finds that its tax liability for the year will be more or less than originally estimated, it may have to refigure its required installments to see if an underpayment penalty may apply. State income tax filing An immediate catchup payment should be made to reduce any penalty resulting from the underpayment of any earlier installments. State income tax filing Underpayment penalty. State income tax filing   If the corporation does not pay a required installment of estimated tax by its due date, it may be subject to a penalty. State income tax filing The penalty is figured separately for each installment due date. State income tax filing The corporation may owe a penalty for an earlier due date, even if it paid enough tax later to make up the underpayment. State income tax filing This is true even if the corporation is due a refund when its return is filed. State income tax filing Form 2220. State income tax filing   Use Form 2220, Underpayment of Estimated Tax by Corporations, to determine if a corporation is subject to the penalty for underpayment of estimated tax and to figure the amount of the penalty. State income tax filing   If the corporation is charged a penalty, the amount of the penalty depends on the following three factors. State income tax filing The amount of the underpayment. State income tax filing The period during which the underpayment was due and unpaid. State income tax filing The interest rate for underpayments published quarterly by the IRS in the Internal Revenue Bulletin. State income tax filing   A corporation generally does not have to file Form 2220 with its income tax return because the IRS will figure any penalty and bill the corporation. State income tax filing However, even if the corporation does not owe a penalty, complete and attach the form to the corporation's tax return if any of the following apply. State income tax filing The annualized income installment method was used to figure any required installment. State income tax filing The adjusted seasonal installment method was used to figure any required installment. State income tax filing The corporation is a large corporation figuring its first required installment based on the prior year's tax. State income tax filing How to pay estimated tax. State income tax filing   A corporation is generally required to use EFTPS to pay its taxes. State income tax filing See Electronic Federal Tax Payment System (EFTPS), earlier. State income tax filing Also see the Instructions for Form 1120-W. State income tax filing Quick refund of overpayments. State income tax filing   A corporation that has overpaid its estimated tax for the tax year may be able to apply for a quick refund. State income tax filing Use Form 4466, Corporation Application for Quick Refund of Overpayment of Estimated Tax, to apply for a quick refund of an overpayment of estimated tax. State income tax filing A corporation can apply for a quick refund if the overpayment is: At least 10% of its expected tax liability, and At least $500. State income tax filing Use Form 4466 to figure the corporation's expected tax liability and the overpayment of estimated tax. State income tax filing File Form 4466 before the 16th day of the 3rd month after the end of the tax year, but before the corporation files its income tax return. State income tax filing Do not file Form 4466 before the end of the corporation's tax year. State income tax filing An extension of time to file the corporation's income tax return will not extend the time for filing Form 4466. State income tax filing The IRS will act on the form within 45 days from the date you file it. State income tax filing U. State income tax filing S. State income tax filing Real Property Interest If a domestic corporation acquires a U. State income tax filing S. State income tax filing real property interest from a foreign person or firm, the corporation may have to withhold tax on the amount it pays for the property. State income tax filing The amount paid includes cash, the fair market value of other property, and any assumed liability. State income tax filing If a domestic corporation distributes a U. State income tax filing S. State income tax filing real property interest to a foreign person or firm, it may have to withhold tax on the fair market value of the property. State income tax filing A corporation that fails to withhold may be liable for the tax, and any penalties and interest that apply. State income tax filing For more information, see section 1445 of the Internal Revenue Code; Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities; Form 8288, U. State income tax filing S. State income tax filing Withholding Tax Return for Dispositions by Foreign Persons of U. State income tax filing S. State income tax filing Real Property Interests; and Form 8288-A, Statement of Withholding on Dispositions by Foreign Persons of U. State income tax filing S. State income tax filing Real Property Interests. State income tax filing Accounting Methods An accounting method is a set of rules used to determine when and how income and expenses are reported. State income tax filing Taxable income should be determined using the method of accounting regularly used in keeping the corporation's books and records. State income tax filing In all cases, the method used must clearly show taxable income. State income tax filing Generally, permissible methods include: Cash, Accrual, or Any other method authorized by the Internal Revenue Code. State income tax filing Accrual method. State income tax filing   Generally, a corporation (other than a qualified personal service corporation) must use the accrual method of accounting if its average annual gross receipts exceed $5 million. State income tax filing A corporation engaged in farming operations also must use the accrual method. State income tax filing   If inventories are required, the accrual method generally must be used for sales and purchases of merchandise. State income tax filing However, qualifying taxpayers and eligible businesses of qualifying small business taxpayers are excepted from using the accrual method for eligible trades or businesses and may account for inventoriable items as materials and supplies that are not incidental. State income tax filing   Under the accrual method, an amount is includable in income when: All the events have occurred that fix the right to receive the income, which is the earliest of the date: The required performance takes place, Payment is due, or Payment is received; and The amount can be determined with reasonable accuracy. State income tax filing   Generally, an accrual basis taxpayer can deduct accrued expenses in the tax year when: All events that determine the liability have occurred, The amount of the liability can be figured with reasonable accuracy, and Economic performance takes place with respect to the expense. State income tax filing   There are exceptions to the economic performance rule for certain items, including recurring expenses. State income tax filing See section 461(h) of the Internal Revenue Code and the related regulations for the rules for determining when economic performance takes place. State income tax filing Nonaccrual experience method. State income tax filing   Accrual method corporations are not required to maintain accruals for certain amounts from the performance of services that, on the basis of their experience, will not be collected, if: The services are in the fields of health, law, engineering, architecture, accounting, actuarial science, performing arts, or consulting; or The corporation's average annual gross receipts for the 3 prior tax years does not exceed $5 million. State income tax filing   This provision does not apply if interest is required to be paid on the amount or if there is any penalty for failure to pay the amount timely. State income tax filing Percentage of completion method. State income tax filing   Long-term contracts (except for certain real property construction contracts) must generally be accounted for using the percentage of completion method described in section 460 of the Internal Revenue Code. State income tax filing Mark-to-market accounting method. State income tax filing   Generally, dealers in securities must use the mark-to-market accounting method described in section 475 of the Internal Revenue Code. State income tax filing Under this method any security held by a dealer as inventory must be included in inventory at its FMV. State income tax filing Any security not held as inventory at the close of the tax year is treated as sold at its FMV on the last business day of the tax year. State income tax filing Any gain or loss must be taken into account in determining gross income. State income tax filing The gain or loss taken into account is treated as ordinary gain or loss. State income tax filing   Dealers in commodities and traders in securities and commodities can elect to use the mark-to-market accounting method. State income tax filing Change in accounting method. State income tax filing   A corporation can change its method of accounting used to report taxable income (for income as a whole or for the treatment of any material item). State income tax filing The corporation must file Form 3115, Application for Change in Accounting Method. State income tax filing For more information, see Form 3115 and Publication 538. State income tax filing Section 481(a) adjustment. State income tax filing   The corporation may have to make an adjustment under section 481(a) of the Internal Revenue Code to prevent amounts of income or expense from being duplicated or omitted. State income tax filing The section 481(a) adjustment period is generally 1 year for a net negative adjustment and 4 years for a net positive adjustment. State income tax filing However, a corporation can elect to use a 1-year adjustment period if the net section 481(a) adjustment for the change is less than $25,000. State income tax filing The corporation must complete the appropriate lines of Form 3115 to make the election. State income tax filing See the Instructions for Form 3115. State income tax filing Accounting Periods A corporation must figure its taxable income on the basis of a tax year. State income tax filing A tax year is the annual accounting period a corporation uses to keep its records and report its income and expenses. State income tax filing Generally, corporations can use either a calendar year or a fiscal year as its tax year. State income tax filing Unless special rules apply, a corporation generally adopts a tax year by filing its first federal income tax return using that tax year. State income tax filing For more information, see Publication 538. State income tax filing Personal service corporation. State income tax filing   A personal service corporation must use a calendar year as its tax year unless: It elects to use a 52–53 week tax year that ends with reference to the calendar year; It can establish a business purpose for a different tax year and obtains approval of the IRS. State income tax filing See Form 1128, Application To Adopt, Change, or Retain a Tax Year, and Publication 538; or It elects under section 444 of the Internal Revenue Code to have a tax year other than a calendar year. State income tax filing Use Form 8716, Election to Have a Tax Year Other Than a Required Tax Year, to make the election. State income tax filing   If a personal service corporation makes a section 444 election, its deduction for certain amounts paid to employee-owners may be limited. State income tax filing See Schedule H (Form 1120), Section 280H Limitations for a Personal Service Corporation (PSC), to figure the maximum deduction. State income tax filing Change of tax year. State income tax filing   Generally, a corporation must get the consent of the IRS before changing its tax year by filing Form 1128. State income tax filing However, under certain conditions, a corporation can change its tax year without getting the consent. State income tax filing For more information, see Form 1128 and Publication 538. State income tax filing Recordkeeping A corporation should keep its records for as long as they may be needed for the administration of any provision of the Internal Revenue Code. State income tax filing Usually records that support items of income, deductions, or credits on the return must be kept for 3 years from the date the return is due or filed, whichever is later. State income tax filing Keep records that verify the corporation's basis in property for as long as they are needed to figure the basis of the original or replacement property. State income tax filing The corporation should keep copies of all filed returns. State income tax filing They help in preparing future and amended returns and in the calculation of earnings and profits. State income tax filing Income, Deductions, and Special Provisions Rules on income and deductions that apply to individuals also apply, for the most part, to corporations. State income tax filing However, the following special provisions apply only to corporations. State income tax filing Costs of Going Into Business When you go into business, treat all costs you incur to get your business started as capital expenses. State income tax filing However, a corporation can elect to deduct a limited amount of start-up or organizational costs. State income tax filing Any costs not deducted can be amortized. State income tax filing Start-up costs are costs for creating an active trade or business or investigating the creation or acquisition of an active trade or business. State income tax filing Organizational costs are the direct costs of creating the corporation. State income tax filing For more information on deducting or amortizing start-up and organizational costs, see the instructions for your income tax return. State income tax filing Also see, Publication 535, chapter 7, Costs You Can Deduct or Capitalize, and chapter 8, Amortization. State income tax filing Related Persons A corporation that uses an accrual method of accounting cannot deduct business expenses and interest owed to a related person who uses the cash method of accounting until the corporation makes the payment and the corresponding amount is includible in the related person's gross income. State income tax filing Determine the relationship, for this rule, as of the end of the tax year for which the expense or interest would otherwise be deductible. State income tax filing If a deduction is denied, the rule will continue to apply even if the corporation's relationship with the person ends before the expense or interest is includible in the gross income of that person. State income tax filing These rules also deny the deduction of losses on the sale or exchange of property between related persons. State income tax filing Related persons. State income tax filing   For purposes of this rule, the following persons are related to a corporation. State income tax filing Another corporation, that is a member of the same controlled group (as defined in section 267(f) of the Internal Revenue Code). State income tax filing An individual who owns, directly or indirectly, more than 50% of the value of the outstanding stock of the corporation. State income tax filing A trust fiduciary, when the trust or the grantor of the trust owns, directly or indirectly, more than 50% in value of the outstanding stock of the corporation. State income tax filing An S corporation, if the same persons own more than 50% in value of the outstanding stock of each corporation. State income tax filing A partnership, if the same persons own more than 50% in value of the outstanding stock of the corporation and more than 50% of the capital or profits interest in the partnership. State income tax filing Any employee-owner, if the corporation is a personal service corporation (see Personal service corporation, earlier), regardless of the amount of stock owned by the employee-owner. State income tax filing Ownership of stock. State income tax filing   To determine whether an individual directly or indirectly owns any of the outstanding stock of a corporation, the following apply. State income tax filing Stock owned, directly or indirectly, by or for a corporation, partnership, estate, or trust, is treated as being owned proportionately by or for its shareholders, partners, or beneficiaries. State income tax filing An individual is treated as owning the stock owned, directly or indirectly, by or for the individual's family. State income tax filing Family includes only brothers and sisters (including half brothers and half sisters), a spouse, ancestors, and lineal descendants. State income tax filing Any individual owning (other than by applying (2), above) stock in a corporation, is treated as also owning the stock owned directly or indirectly by that individual's partner. State income tax filing To apply (1), (2), or (3), above, stock constructively owned by a person under (1) is treated as actually owned by that person. State income tax filing But stock constructively owned by an individual under (2) or (3) is not treated as actually owned by the individual for applying either (2) or (3) to make another person the constructive owner of that stock. State income tax filing Reallocation of income and deductions. State income tax filing   Where it is necessary to clearly show income or prevent tax evasion, the IRS can reallocate gross income, deductions, credits, or allowances between two or more organizations, trades, or businesses owned or controlled directly, or indirectly, by the same interests. State income tax filing Complete liquidations. State income tax filing   The disallowance of losses from the sale or exchange of property between related persons does not apply to liquidating distributions. State income tax filing More information. State income tax filing   For more information about the related person rules, see Publication 544. State income tax filing Income From Qualifying Shipping Activities A corporation may make an election to be taxed on its notional shipping income at the highest corporate tax rate. State income tax filing If a corporation makes this election it may exclude income from qualifying shipping activities from gross income. State income tax filing Also if the election is made, the corporation generally may not claim any loss, deduction, or credit with respect to qualifying shipping activities. State income tax filing A corporation making this election may also elect to defer gain on the disposition of a qualifying vessel. State income tax filing A corporation uses Form 8902, Alternative Tax on Qualifying Shipping Activities, to make the election and figure the alternative tax. State income tax filing For more information regarding the election, see Form 8902. State income tax filing Election to Expense Qualified Refinery Property A corporation can make an irrevocable election on its tax return filed by the due date (including extensions) to deduct 50% of the cost of qualified refinery property (defined in section 179C(c) of the Internal Revenue Code), placed in service before January 1, 2014. State income tax filing The deduction is allowed for the year in which the property is placed in service. State income tax filing A subchapter T cooperative can make an irrevocable election on its return by the due date (including extensions) to allocate this deduction to its owners based on their ownership interest. State income tax filing For more information, see section 179C of the Internal Revenue Code and the related Regulations. State income tax filing Deduction to Comply With EPA Sulfur Regulations A small business refiner can make an irrevocable election on its tax return filed by the due date (including extensions) to deduct up to 75% of qualified costs paid or incurred to comply with the Highway Diesel Fuel Sulfur Control Requirements of the Environmental Protection Agency (EPA). State income tax filing A subchapter T cooperative can make an irrevocable election on its return filed by the due date (including extensions) to allocate the deduction to its owners based on their ownership interest. State income tax filing For more information, see sections 45H and 179B of the Internal Revenue Code and the related Regulations. State income tax filing Energy-Efficient Commercial Building Property Deduction A corporation can claim a deduction for costs associated with energy-efficient commercial building property, placed in service before January 1, 2014. State income tax filing In order to qualify for the deduction: The costs must be associated with depreciable or amortizable property in a Standard 90. State income tax filing 1-2001 domestic building; The property must be either a part of the interior lighting system, the heating, cooling, ventilation and hot water system, or the building envelope (defined in section 179D(c)(1)(C) of the Internal Revenue Code); and The property must be installed as part of a plan to reduce the total annual energy and power costs of the building by 50% or more. State income tax filing The deduction is limited to $1. State income tax filing 80 per square foot of the building less the total amount of deductions taken for this property in prior tax years. State income tax filing Other rules and limitations apply. State income tax filing The corporation must reduce the basis of any property by any deduction taken. State income tax filing The deduction is subject to recapture if the corporation fails to fully implement an energy savings plan. State income tax filing For more information, see section 179D of the Internal Revenue Code. State income tax filing Also see Notice 2006-52, 2006-26 I. State income tax filing R. State income tax filing B. State income tax filing 1175, clarified and amplified by Notice 2008-40, 2008-14 I. State income tax filing R. State income tax filing B. State income tax filing 725, and any successor. State income tax filing Corporate Preference Items A corporation must make special adjustments to certain items before it takes them into account in determining its taxable income. State income tax filing These items are known as corporate preference items and they include the following. State income tax filing Gain on the disposition of section 1250 property. State income tax filing For more information, see section 1250 Property under Depreciation Recapture in chapter 3 of Publication 544. State income tax filing Percentage depletion for iron ore and coal (including lignite). State income tax filing For more information, see Mines and Geothermal Deposits under Mineral Property in chapter 9 of Publication 535. State income tax filing Amortization of pollution control facilities. State income tax filing For more information, see Pollution Control Facilities in chapter 8 of Publication 535 and section 291(a)(5) of the Internal Revenue Code. State income tax filing Mineral exploration and development costs. State income tax filing For more information, see Exploration Costs and Development Costs in chapter 7 of Publication 535. State income tax filing For more information on corporate preference items, see section 291 of the Internal Revenue Code. State income tax filing Dividends-Received Deduction A corporation can deduct a percentage of certain dividends received during its tax year. State income tax filing This section discusses the general rules that apply. State income tax filing The deduction is figured on Form 1120, Schedule C, or the applicable schedule of your income tax return. State income tax filing For more information, see the Instructions for Form 1120, or the instructions for your applicable income tax return. State income tax filing Dividends from domestic corporations. State income tax filing   A corporation can deduct, within certain limits, 70% of the dividends received if the corporation receiving the dividend owns less than 20% of the corporation distributing the dividend. State income tax filing If the corporation owns 20% or more of the distributing corporation's stock, it can, subject to certain limits, deduct 80% of the dividends received. State income tax filing Ownership. State income tax filing   Determine ownership, for these rules, by the amount of voting power and value of the paying corporation's stock (other than certain preferred stock) the receiving corporation owns. State income tax filing Small business investment companies. State income tax filing   Small business investment companies can deduct 100% of the dividends received from taxable domestic corporations. State income tax filing Dividends from regulated investment companies. State income tax filing   Regulated investment company dividends received are subject to certain limits. State income tax filing Capital gain dividends received from a regulated investment company do not qualify for the deduction. State income tax filing For more information, see section 854 of the Internal Revenue Code. State income tax filing No deduction allowed for certain dividends. State income tax filing   Corporations cannot take a deduction for dividends received from the following entities. State income tax filing A real estate investment trust (REIT). State income tax filing A corporation exempt from tax under section 501 or 521 of the Internal Revenue Code either for the tax year of the distribution or the preceding tax year. State income tax filing A corporation whose stock was held less than 46 days during the 91-day period beginning 45 days before the stock became ex-dividend with respect to the dividend. State income tax filing Ex-dividend means the holder has no rights to the dividend. State income tax filing A corporation whose preferred stock was held less than 91 days during the 181-day period beginning 90 days before the stock became ex-dividend with respect to the dividend if the dividends received are for a period or periods totaling more than 366 days. State income tax filing Any corporation, if your corporation is under an obligation (pursuant to a short sale or otherwise) to make related payments with respect to positions in substantially similar or related property. State income tax filing Dividends on deposits. State income tax filing   Dividends on deposits or withdrawable accounts in domestic building and loan associations, mutual savings banks, cooperative banks, and similar organizations are interest, not dividends. State income tax filing They do not qualify for this deduction. State income tax filing Limit on deduction for dividends. State income tax filing   The total deduction for dividends received or accrued is generally limited (in the following order) to: 80% of the difference between taxable income and the 100% deduction allowed for dividends received from affiliated corporations, or by a small business investment company, for dividends received or accrued from 20%-owned corporations, then 70% of the difference between taxable income and the 100% deduction allowed for dividends received from affiliated corporations, or by a small business investment company, for dividends received or accrued from less-than-20%-owned corporations (reducing taxable income by the total dividends received from 20%-owned corporations). State income tax filing Figuring the limit. State income tax filing   In figuring the limit, determine taxable income without the following items. State income tax filing The net operating loss deduction. State income tax filing The domestic production activities deduction. State income tax filing The deduction for dividends received. State income tax filing Any adjustment due to the nontaxable part of an extraordinary dividend (see Extraordinary Dividends, below). State income tax filing Any capital loss carryback to the tax year. State income tax filing Effect of net operating loss. State income tax filing   If a corporation has a net operating loss (NOL) for a tax year, the limit of 80% (or 70%) of taxable income does not apply. State income tax filing To determine whether a corporation has an NOL, figure the dividends-received deduction without the 80% (or 70%) of taxable income limit. State income tax filing Example 1. State income tax filing A corporation loses $25,000 from operations. State income tax filing It receives $100,000 in dividends from a 20%-owned corporation. State income tax filing Its taxable income is $75,000 ($100,000 – $25,000) before the deduction for dividends received. State income tax filing If it claims the full dividends-received deduction of $80,000 ($100,000 × 80%) and combines it with an operations loss of $25,000, it will have an NOL of ($5,000). State income tax filing Therefore, the 80% of taxable income limit does not apply. State income tax filing The corporation can deduct the full $80,000. State income tax filing Example 2. State income tax filing Assume the same facts as in Example 1, except that the corporation only loses $15,000 from operations. State income tax filing Its taxable income is $85,000 before the deduction for dividends received. State income tax filing After claiming the dividends-received deduction of $80,000 ($100,000 × 80%), its taxable income is $5,000. State income tax filing Because the corporation will not have an NOL after applying a full dividends-received deduction, its allowable dividends-received deduction is limited to 80% of its taxable income, or $68,000 ($85,000 × 80%). State income tax filing Extraordinary Dividends If a corporation receives an extraordinary dividend on stock held 2 years or less before the dividend announcement date, it generally must reduce its basis in the stock by the nontaxed part of the dividend. State income tax filing The nontaxed part is any dividends-received deduction allowable for the dividends. State income tax filing Extraordinary dividend. State income tax filing   An extraordinary dividend is any dividend on stock that equals or exceeds a certain percentage of the corporation's adjusted basis in the stock. State income tax filing The percentages are: 5% for stock preferred as to dividends, or 10% for other stock. State income tax filing Treat all dividends received that have ex-dividend dates within an 85-consecutive-day period as one dividend. State income tax filing Treat all dividends received that have ex-dividend dates within a 365-consecutive-day period as extraordinary dividends if the total of the dividends exceeds 20% of the corporation's adjusted basis in the stock. State income tax filing Disqualified preferred stock. State income tax filing   Any dividend on disqualified preferred stock is treated as an extraordinary dividend regardless of the period of time the corporation held the stock. State income tax filing   Disqualified preferred stock is any stock preferred as to dividends if any of the following apply. State income tax filing The stock when issued has a dividend rate that declines (or can reasonably be expected to decline) in the future. State income tax filing The issue price of the stock exceeds its liquidation rights or stated redemption price. State income tax filing The stock is otherwise structured to avoid the rules for extraordinary dividends and to enable corporate shareholders to reduce tax through a combination of dividends-received deductions and loss on the disposition of the stock. State income tax filing   These rules apply to stock issued after July 10, 1989, unless it was issued under a written binding contract in effect on that date, and thereafter, before the issuance of the stock. State income tax filing More information. State income tax filing   For more information on extraordinary dividends, see section 1059 of the Internal Revenue Code. State income tax filing Below-Market Loans If a corporation receives a below-market loan and uses the proceeds for its trade or business, it may be able to deduct the forgone interest. State income tax filing A below-market loan is a loan on which no interest is charged or on which interest is charged at a rate below the applicable federal rate. State income tax filing A below-market loan generally is treated as an arm's-length transaction in which the borrower is considered as having received both the following: A loan in exchange for a note that requires payment of interest at the applicable federal rate, and An additional payment in an amount equal to the forgone interest. State income tax filing Treat the additional payment as a gift, dividend, contribution to capital, payment of compensation, or other payment, depending on the substance of the transaction. State income tax filing Foregone interest. State income tax filing   For any period, forgone interest is equal to: The interest that would be payable for that period if interest accrued on the loan at the applicable federal rate and was payable annually on December 31, minus Any interest actually payable on the loan for the period. State income tax filing See Below-market loans, in chapter 4 of Publication 535 for more information. State income tax filing Charitable Contributions A corporation can claim a limited deduction for charitable contributions made in cash or other property. State income tax filing The contribution is deductible if made to, or for the use of, a qualified organization. State income tax filing For more information on qualified organizations, see Publication 526, Charitable Contributions. State income tax filing Also see, Exempt Organizations Select Check (EO Select Check) at www. State income tax filing irs. State income tax filing gov/charities, the on-line search tool for finding information on organizations eligible to receive tax-deductible contributions. State income tax filing Note. State income tax filing You cannot take a deduction if any of the net earnings of an organization receiving contributions benefit any private shareholder or individual. State income tax filing Cash method corporation. State income tax filing   A corporation using the cash method of accounting deducts contributions in the tax year paid. State income tax filing Accrual method corporation. State income tax filing   A corporation using an accrual method of accounting can choose to deduct unpaid contributions for the tax year the board of directors authorizes them if it pays them by the 15th day of the 3rd month after the close of that tax year. State income tax filing Make the choice by reporting the contribution on the corporation's return for the tax year. State income tax filing A declaration stating that the board of directors adopted the resolution during the tax year must accompany the return. State income tax filing The declaration must include the date the resolution was adopted. State income tax filing Limitations on deduction. State income tax filing   A corporation cannot deduct charitable contributions that exceed 10% of its taxable income for the tax year. State income tax filing Figure taxable income for this purpose without the following. State income tax filing The deduction for charitable contributions. State income tax filing The dividends-received deduction. State income tax filing The deduction allowed under section 249 of the Internal Revenue Code. State income tax filing The domestic production activities deduction. State income tax filing Any net operating loss carryback to the tax year. State income tax filing Any capital loss carryback to the tax year. State income tax filing Farmers and ranchers. State income tax filing    Corporations that are farmers and ranchers should see section 170(b)(2) of the Internal Revenue Code for special rules that may affect the deduction limit. State income tax filing Carryover of excess contributions. State income tax filing   You can carry over, within certain limits, to each of the subsequent 5 years any charitable contributions made during the current year that exceed the 10% limit. State income tax filing You lose any excess not used within that period. State income tax filing For example, if a corporation has a carryover of excess contributions paid in 2010 and it does not use all the excess on its return for 2011, it can carry any excess over to 2012, 2013, 2014, and 2015, if applicable. State income tax filing Any excess not used in 2015 is lost. State income tax filing Do not deduct a carryover of excess contributions in the carryover year until after you deduct contributions made in that year (subject to the 10% limit). State income tax filing You cannot deduct a carryover of excess contributions to the extent it increases a net operating loss carryover. State income tax filing Cash contributions. State income tax filing   A corporation must maintain a record of any contribution of cash, check, or other monetary contribution, regardless of the amount. State income tax filing The record can be a bank record, receipt, letter, or other written communication from the donee indicating the name of the organization, the date of the contribution, and the amount of the contribution. State income tax filing Keep the record of the contribution with the other corporate records. State income tax filing Do not attach the records to the corporation's return. State income tax filing For more information on cash contributions, see Publication 526. State income tax filing Gifts of $250 or more. State income tax filing   Generally, no deduction is allowed for any contribution of $250 or more unless the corporation gets a written acknowledgement from the donee organization. State income tax filing The acknowledgement should show the amount of cash contributed, a description of the property contributed, and either gives a description and a good faith estimate of the value of any goods or services provided in return for the contribution or states that no goods or services were provided in return for the contribution. State income tax filing The acknowledgement should be received by the due date (including extensions) of the return, or, if earlier, the date the return was filed. State income tax filing Keep the acknowledgement with other corporate records. State income tax filing Do not attach the acknowledgement to the return. State income tax filing Contributions of property other than cash. State income tax filing   If a corporation (other than a closely-held or a personal service corporation) claims a deduction of more than $500 for contributions of property other than cash, a schedule describing the property and the method used to determine its fair market value must be attached to the corporation's return. State income tax filing In addition the corporation should keep a record of: The approximate date and manner of acquisition of the donated property and The cost or other basis of the donated property held by the donor for less than 12 months prior to contribution. State income tax filing   Closely held and personal service corporations must complete and attach Form 8283, Noncash Charitable Contributions, to their returns if they claim a deduction of more than $500 for non-cash contributions. State income tax filing For all other corporations, if the deduction claimed for donated property exceeds $5,000, complete Form 8283 and attach it to the corporation's return. State income tax filing   A corporation must obtain a qualified appraisal for all deductions of property claimed in excess of $5,000. State income tax filing A qualified appraisal is not required for the donation of cash, publicly traded securities, inventory, and any qualified vehicles sold by a donee organization without any significant intervening use or material improvement. State income tax filing The appraisal should be maintained with other corporate records and only attached to the corporation's return when the deduction claimed exceeds $500,000; $20,000 for donated art work. State income tax filing   See Form 8283 for more information. State income tax filing Qualified conservation contributions. State income tax filing   If a corporation makes a qualified conservation contribution, the corporation must provide information regarding the legal interest being donated, the fair market value of the underlying property before and after the donation, and a description of the conservation purpose for which the property will be used. State income tax filing For more information, see section 170(h) of the Internal Revenue Code. State income tax filing Contributions of used vehicles. State income tax filing   A corporation is allowed a deduction for the contribution of used motor vehicles, boats, and airplanes. State income tax filing The deduction is limited, and other special rules apply. State income tax filing For more information, see Publication 526. State income tax filing Reduction for contributions of certain property. State income tax filing   For a charitable contribution of property, the corporation must reduce the contribution by the sum of: The ordinary income and short-term capital gain that would have resulted if the property were sold at its FMV and For certain contributions, the long-term capital gain that would have resulted if the property were sold at its FMV. State income tax filing   The reduction for the long-term capital gain applies to: Contributions of tangible personal property for use by an exempt organization for a purpose or function unrelated to the basis for its exemption; Contributions of any property to or for the use of certain private foundations except for stock for which market quotations are readily available; and Contributions of any patent, certain copyrights, trademark, trade name, trade secret, know-how, software (that is a section 197 intangible), or similar property, or applications or registrations of such property. State income tax filing Larger deduction. State income tax filing   A corporation (other than an S corporation) may be able to claim a deduction equal to the lesser of (a) the basis of the donated inventory or property plus one-half of the inventory or property's appreciation (gain if the donated inventory or property was sold at fair market value on the date of the donation), or (b) two times basis of the donated inventory or property. State income tax filing This deduction may be allowed for certain contributions of: Certain inventory and other property made to a donee organization and used solely for the care of the ill, the needy, and infants. State income tax filing Scientific property constructed by the corporation (other than an S corporation, personal holding company, or personal service corporation) and donated no later than 2 years after substantial completion of the construction. State income tax filing The property must be donated to a qualified organization and its original use must be by the donee for research, experimentation, or research training within the United States in the area of physical or biological science. State income tax filing Computer technology and equipment acquired or constructed and donated no later than 3 years after either acquisition or substantial completion of construction to an educational organization for educational purposes within the United States. State income tax filing Contributions to organizations conducting lobbying activities. State income tax filing   Contributions made to an organization that conducts lobbying activities are not deductible if: The lobbying activities relate to matters of direct financial interest to the donor's trade or business and The principal purpose of the contribution was to avoid federal income tax by obtaining a deduction for activities that would have been nondeductible under the lobbying expense rules if conducted directly by the donor. State income tax filing More information. State income tax filing   For more information on charitable contributions, including substantiation and recordkeeping requirements, see section 170 of the Internal Revenue Code, the related regulations, and Publication 526. State income tax filing Capital Losses A corporation can deduct capital losses only up to the amount of its capital gains. State income tax filing In other words, if a corporation has an excess capital loss, it cannot deduct the loss in the current tax year. State income tax filing Instead, it carries the loss to other tax years and deducts it from any net capital gains that occur in those years. State income tax filing A capital loss is carried to other years in the following order. State income tax filing 3 years prior to the loss year. State income tax filing 2 years prior to the loss year. State income tax filing 1 year prior to the loss year. State income tax filing Any loss remaining is carried forward for 5 years. State income tax filing When you carry a net capital loss to another tax year, treat it as a short-term loss. State income tax filing It does not retain its original identity as long term or short term. State income tax filing Example. State income tax filing A calendar year corporation has a net short-term capital gain of $3,000 and a net long-term capital loss of $9,000. State income tax filing The short-term gain offsets some of the long-term loss, leaving a net capital loss of $6,000. State income tax filing The corporation treats this $6,000 as a short-term loss when carried back or forward. State income tax filing The corporation carries the $6,000 short-term loss back 3 years. State income tax filing In year 1, the corporation had a net short-term capital gain of $8,000 and a net long-term capital gain of $5,000. State income tax filing It subtracts the $6,000 short-term loss first from the net short-term gain. State income tax filing This results in a net capital gain for year 1 of $7,000. State income tax filing This consists of a net short-term capital gain of $2,000 ($8,000 − $6,000) and a net long-term capital gain of $5,000. State income tax filing S corporation status. State income tax filing   A corporation may not carry a capital loss from, or to, a year for which it is an S corporation. State income tax filing Rules for carryover and carryback. State income tax filing   When carrying a capital loss from one year to another, the following rules apply. State income tax filing When figuring the current year's net capital loss, you cannot combine it with a capital loss carried from another year. State income tax filing In other words, you can carry capital losses only to years that would otherwise have a total net capital gain. State income tax filing If you carry capital losses from 2 or more years to the same year, deduct the loss from the earliest year first. State income tax filing You cannot use a capital loss carried from another year to produce or increase a net operating loss in the year to which you carry it back. State income tax filing Refunds. State income tax filing   When you carry back a capital loss to an earlier tax year, refigure your tax for that year. State income tax filing If your corrected tax is less than the tax you originally owed, use either Form 1139, Corporate Application for Tentative Refund, or Form 1120X, Amended U. State income tax filing S. State income tax filing Corporation Income Tax Return, to apply for a refund. State income tax filing Form 1139. State income tax filing    A corporation can get a refund faster by using Form 1139. State income tax filing It cannot file Form 1139 before filing the return for the corporation's capital loss year, but it must file Form 1139 no later than 1 year after the year it sustains the capital loss. State income tax filing Form 1120X. State income tax filing   If the corporation does not file Form 1139, it must file Form 1120X to apply for a refund. State income tax filing The corporation must file the Form 1120X within 3 years of the due date, includin