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Turbotax For 2011 Tax Year

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Turbotax For 2011 Tax Year

Turbotax for 2011 tax year Index Symbols Árboles y plantas Costo de, cuando se trata de pérdidas por hecho fortuito o robo, Deterioro progresivo. Turbotax for 2011 tax year , Jardines. Turbotax for 2011 tax year Órdenes de relaciones domésticas calificadas (QDRO) Reinversión de distribución de plan de jubilación, Orden de relaciones domésticas calificadas (QDRO, por sus siglas en inglés). Turbotax for 2011 tax year A Abandono de vivienda, Abandono. Turbotax for 2011 tax year Abogados Cursos de preparación para el examen de reválida de derecho, Curso de preparación para el examen de reválida de derecho o para el examen para contadores públicos autorizados Aborto Posibilidad de deducir como gasto médico, Tabla 21-1. Turbotax for 2011 tax year Lista de Gastos Médicos y Dentales. Turbotax for 2011 tax year Vea la Publicación 502 para más información sobre estos gastos, entre otros. Turbotax for 2011 tax year Accidentes, automovilísticos, Pérdidas deducibles. Turbotax for 2011 tax year Determinación de valor, Valor de automóviles. Turbotax for 2011 tax year Negligencia o acto intencionado como causa, Pérdidas no deducibles. Turbotax for 2011 tax year Acciones, Excepciones para tipos especiales de reembolso. Turbotax for 2011 tax year (see also Valores) Acciones conforme a la sección 1244 Pérdidas sobre, Pérdidas en Acciones Conforme a la Sección 1244 (Pequeño Negocio) Acciones fraccionarias Pago por, Acciones fraccionarias. Turbotax for 2011 tax year Acciones preferentes Rescatables por una prima, Acciones preferentes rescatables por una prima. Turbotax for 2011 tax year Acciones y bonos convertibles, Acciones y bonos convertibles. Turbotax for 2011 tax year Accionistas, Excepciones para tipos especiales de reembolso. Turbotax for 2011 tax year (see also Valores) Deudas, Deuda de accionistas. Turbotax for 2011 tax year ACRS (Sistema acelerado de recuperación de costos) Propiedad de alquiler Impuesto mínimo alternativo, Impuesto mínimo alternativo. Turbotax for 2011 tax year Actividad pasiva, Otras transacciones de bienes. Turbotax for 2011 tax year Declaración de ganancias o pérdidas, Ganancias y pérdidas provenientes de una actividad pasiva. Turbotax for 2011 tax year Pérdidas, Pérdidas de actividades de alquiler. Turbotax for 2011 tax year , Pérdidas de actividades pasivas. Turbotax for 2011 tax year Excepción para agentes de bienes raíces, Agentes de bienes raíces. Turbotax for 2011 tax year Intereses de inversión y, Intereses Procedentes de Inversiones Propiedad de alquiler, Límites sobre las Pérdidas de Alquiler, Límites sobre las Actividades Pasivas, Límites sobre las deducciones y los créditos de actividades pasivas. Turbotax for 2011 tax year Actividad sustancial remunerada, Actividad sustancial remunerada. Turbotax for 2011 tax year Actividades ilegales Cómo declarar, Actividades ilegales. Turbotax for 2011 tax year Actividades sin fines de lucro, Actividad sin fines de lucro. Turbotax for 2011 tax year Activos no de capital, Bienes de Capital y Bienes que no Son de Capital Acuerdo de manutención múltiple, Acuerdo de Manutención Múltiple Acuerdos de separación Definición para propósitos de la pensión para el cónyuge divorciado, Documento (instrumento) de divorcio o separación judicial. Turbotax for 2011 tax year Acuerdos viáticos, Acuerdos viáticos. Turbotax for 2011 tax year , Exclusión por enfermedad mortal. Turbotax for 2011 tax year Acuse de recibo, Acuse de recibo. Turbotax for 2011 tax year Administradores, de patrimonio (see Albaceas y administradores) Adopción Ayuda provista por el empleador, Ayuda para Adopción Crédito tributario por hijos, Hijo adoptivo. Turbotax for 2011 tax year (see also Crédito tributario por hijos) Créditos, Gastos Personales, Crédito por Adopción Casados que presentan la declaración por separado, Reglas Especiales Cómo reclamar los, Cuándo reclamar el crédito. Turbotax for 2011 tax year Excepción por hijo adoptivo, Excepción por hijo adoptivo. Turbotax for 2011 tax year Exención por hijo, Gastos Personales Gastos médicos y dentales del hijo adoptivo, Hijo Calificado Gastos no deducibles Cuidado de crianza previo a, ninguna deducción caritativa, Padres de crianza. Turbotax for 2011 tax year Ninguna deducción caritativa por, Gastos Personales Hijo extranjero, Hijo extranjero. Turbotax for 2011 tax year Número de identificación de contribuyente en proceso de adopción, Número de identificación personal del contribuyente del Servicio de Impuestos Internos. Turbotax for 2011 tax year Número de identificación del contribuyente, Número de identificación del contribuyente para adopción (ATIN, por sus siglas en inglés). Turbotax for 2011 tax year Número de identificación del contribuyente en proceso de adopción (ATIN, por sus siglas en inglés), Número de identificación del contribuyente en proceso de adopción. Turbotax for 2011 tax year Número de identificación del contribuyente para adopción (ATIN, por sus siglas en inglés), Número de identificación del contribuyente para adopción (ATIN, por sus siglas en inglés). Turbotax for 2011 tax year Números de identificación del contribuyente (TIN, por sus siglas en inglés). Turbotax for 2011 tax year , Número de identificación del contribuyente en proceso de adopción. Turbotax for 2011 tax year Agente corredor bursátil Recibir dividendos, cómo declararlos en el Formulario 1099-MISC, Formulario 1099-MISC. Turbotax for 2011 tax year Agentes, Pérdidas sobre ventas o canjes de bienes. Turbotax for 2011 tax year (see also Fiduciarios) Firmar la declaración, Cuándo puede firmar otra persona por usted. Turbotax for 2011 tax year Ingresos pagados a, Pago a un agente. Turbotax for 2011 tax year Agentes de bolsa Arreglos IRA con, ¿Cuándo y Cómo se Puede Abrir un Arreglo IRA Tradicional? Formulario 1099-B, Ventas y Canjes Agentes de seguros Deducción de gastos, Empleados estatutarios. Turbotax for 2011 tax year Agricultura Actividad sin fines de lucro, Actividad sin fines de lucro. Turbotax for 2011 tax year Deuda cancelada, trato de, Deuda excluida. Turbotax for 2011 tax year Dividendos de patrocinio, Dividendos de patrocinio. Turbotax for 2011 tax year Agua embotellada, Tabla 21-1. Turbotax for 2011 tax year Lista de Gastos Médicos y Dentales. Turbotax for 2011 tax year Vea la Publicación 502 para más información sobre estos gastos, entre otros. Turbotax for 2011 tax year Ahorro de energía Descuentos de servicios públicos, Descuentos de servicios públicos. Turbotax for 2011 tax year Medidas y modificaciones, Medidas de ahorro de energía. Turbotax for 2011 tax year Subsidios, Subsidios por ahorro de energía. Turbotax for 2011 tax year Exclusión como ajuste a la base, Exclusión de subsidios por sistemas de ahorro de energía. Turbotax for 2011 tax year Ahorros Bonos, Bonos de Ahorro de los Estados Unidos, Intereses de bonos de ahorro de los EE. Turbotax for 2011 tax year UU. Turbotax for 2011 tax year declarados anteriormente. Turbotax for 2011 tax year Bonos de ahorro utilizados para estudios, Programa de Bonos de Ahorro para Estudios Certificado, Certificados de depósito y otras cuentas de intereses diferidos. Turbotax for 2011 tax year , Certificados de depósito. Turbotax for 2011 tax year Ajuste por deudas, Ajuste por deudas. Turbotax for 2011 tax year Ajustes, Ajustes y elementos de preferencia tributaria. Turbotax for 2011 tax year Alaska Asignación estándar para comidas, Asignación estándar de comidas para zonas fuera de los Estados Unidos continentales. Turbotax for 2011 tax year Alaska Permanent Fund (Dividendos del Fondo Permanente de Alaska), Dividendo del Alaska Permanent Fund (Fondo Permanente de Alaska). Turbotax for 2011 tax year Albaceas y administradores, Cónyuges Sobrevivientes, Albaceas, Administradores y Representantes Legales Transacciones entre partes vinculadas, Pérdidas sobre ventas o canjes de bienes. Turbotax for 2011 tax year Alivio de la responsabilidad tributaria del cónyuge inocente Declaraciones conjuntas, Alivio tributario en el caso de obligación conjunta. Turbotax for 2011 tax year Formulario 8857(SP), Alivio tributario en el caso de obligación conjunta. Turbotax for 2011 tax year Alivio equitativo (see Alivio de la responsabilidad tributaria del cónyuge inocente) Alojamiento, Alojamiento. Turbotax for 2011 tax year (see Gastos de comida y alojamiento) Alquiler de oficina, posibilidad de deducir, Apoyo Administrativo y Alquiler de Oficina Alquiler de terreno rescatable Deducción como intereses hipotecarios, Alquiler de terreno rescatable. Turbotax for 2011 tax year Alquileres por cobrar Ingresos, Alquileres por cobrar. Turbotax for 2011 tax year Alternativas para presentar la declaración de impuestos Por medios electrónicos (see Sistema electrónico e-file para la presentación de declaraciones ) Amenazas Pérdidas debido a, Robo Amortización Primas sobre bonos, trato de, Amortización de primas sobre bonos. Turbotax for 2011 tax year AMT (see Impuesto mínimo alternativo (AMT, por sus siglas en inglés)) Ancianos Asesoramiento Tributario para Ancianos, Ayuda Gratuita con la Preparación de la Declaración de Impuestos Crédito para, Reglas Especiales (see Ancianos o personas incapacitadas, crédito para) Cuidados a largo plazo (see Contratos de seguro de cuidados a largo plazo) Deducción estándar para personas que tengan 65 años de edad o más, Introduction, Deducción Estándar Más Alta por Edad (65 Años de Edad o Más) Programa de Nutrición para Ancianos, Programa de Nutrición para Ancianos. Turbotax for 2011 tax year Residencia de ancianos, Residencia de ancianos. Turbotax for 2011 tax year Ancianos o personas incapacitadas, crédito para, Puede usar el Formulario 1040A si se dan todas las siguientes situaciones: Casados que presentan la declaración por, Reglas Especiales Anexo, Donaciones Para Reducir la Deuda Pública, Proveedores de cuidado de menores. Turbotax for 2011 tax year , Servicios de ayuda para obtener otro trabajo. Turbotax for 2011 tax year , Vivienda. Turbotax for 2011 tax year , Pagos por enfermedad conforme a la ley del seguro ferroviario. Turbotax for 2011 tax year (see also Formulario 1040) A-F, R, SE del Formulario 1040 (see Formulario 1040) B (Formulario 1040A), Parte I, Formulario 1040A. Turbotax for 2011 tax year K-1 Beneficiarios que reciben ingresos de un caudal hereditario o fideicomiso. Turbotax for 2011 tax year , Beneficiario de un caudal hereditario o fideicomiso. Turbotax for 2011 tax year Ingresos de sociedad anónima de tipo S, Anexo K-1 (Formulario 1120S). Turbotax for 2011 tax year Ingresos de sociedades colectivas, Anexo K-1 (Formulario 1065). Turbotax for 2011 tax year K-1, Formulario 1041, Beneficiario de un caudal hereditario o fideicomiso. Turbotax for 2011 tax year R (Formulario 1040A o Formulario 1040), El Crédito Calculado por Usted Mismo Anexos A-F, R, SE (Formulario 1040) (see Formulario 1040) Anfitrión o anfitriona, Anfitrión o Anfitriona Año fiscal, Períodos Contables, Contribuyentes según año fiscal. Turbotax for 2011 tax year , Años Fiscales Año tributario, ¿Cuándo Tengo que Presentar la Declaración?, ¿Cuándo Declaro los Ingresos y Gastos?, Períodos Contables (see also Períodos contables) Año tributario corto Cambio al período contable anual, Personas que no reúnen los requisitos para la deducción estándar. Turbotax for 2011 tax year Antigüedades (see Artículos coleccionables) Anualidades, Reinversiones (see also Reinversiones) Anualidad de sobreviviente, Sobrevivientes y Beneficiarios Anualidades compradas, Anualidades compradas. Turbotax for 2011 tax year Anualidades de jubilación, Planes de Jubilación, Pensiones y Anualidades (see also Planes de jubilación) Arreglos IRA como, Tipos de arreglos IRA tradicionales. Turbotax for 2011 tax year Beneficios de varios planes, Más de un programa. Turbotax for 2011 tax year , Más de una anualidad. Turbotax for 2011 tax year Cálculo del costo, Costo (Inversión en el Contrato) Canje de pólizas de seguros y anualidades, Pólizas de seguros y anualidades. Turbotax for 2011 tax year Declaración conjunta, Declaración conjunta. Turbotax for 2011 tax year Declaración de, Cómo Hacer la Declaración Distribuciones de suma global, Distribuciones de Suma Global Distribuciones prematuras de, Impuesto sobre Distribuciones Prematuras Contratos de anualidad diferida, Tasa del 5% en ciertas distribuciones prematuras de contratos de anualidad diferida. Turbotax for 2011 tax year , Excepciones adicionales para contratos de anualidad no calificados. Turbotax for 2011 tax year Impuesto estimado, Retención e impuesto estimado. Turbotax for 2011 tax year Inversión no recuperada, Inversión no Recuperada en una Anualidad Inversión no recuperada del difunto en, Formulario W-2. Turbotax for 2011 tax year Límite de exclusión, Límite de exclusión. Turbotax for 2011 tax year Método simplificado para calcular la parte exenta de impuestos del pago de la anualidad, Método Simplificado Anualidad de sobreviviente, Sobrevivientes de jubilados. Turbotax for 2011 tax year Hoja de trabajo, Cómo usar el Método Simplificado. Turbotax for 2011 tax year Pagos garantizados, Pagos garantizados. Turbotax for 2011 tax year Pagos parcialmente tributables, Pagos parcialmente tributables. Turbotax for 2011 tax year Préstamos del plan, Préstamos. Turbotax for 2011 tax year Regla General Anualidades compradas, Anualidades compradas. Turbotax for 2011 tax year Regla general Anualidad cuya fecha de inicio es anterior al 19 de noviembre de 1996, Anualidad cuya fecha de inicio es anterior al 19 de noviembre de 1996. Turbotax for 2011 tax year Anualidad de sobreviviente, Sobrevivientes de jubilados. Turbotax for 2011 tax year Planes no calificados y planes calificados para beneficiarios mayores de 75 años de edad, Quién tiene que usar la Regla General. Turbotax for 2011 tax year Reinversiones, Reinversiones Retención, Formulario W-2. Turbotax for 2011 tax year , Pensiones y Anualidades, Retención e impuesto estimado. Turbotax for 2011 tax year Venta de, Venta de Anualidad Ganancia como ingreso ordinario, Intercambio exento de impuestos. Turbotax for 2011 tax year Aplazamiento de la declaración de una ganancia Venta de vivienda, Base Ajustada Base ajustada, Ganancia aplazada de la venta de una vivienda. Turbotax for 2011 tax year Aplazamientos electivos Límites, Aplazamientos electivos. Turbotax for 2011 tax year Aportaciones, Tabla 24-1. Turbotax for 2011 tax year Ejemplos de Donaciones Caritativas —Verificación Rápida (see also Aportaciones para campañas políticas) Aportaciones de cantidades iguales a las recibidas como ciudadano en reserva militar, Aportaciones de cantidades iguales a las recibidas como ciudadano en reserva militar que reúna los requisitos. Turbotax for 2011 tax year Aportaciones a un fondo de ayuda económica, Aportaciones a un Fondo de Ayuda Económica Aportaciones para campañas políticas, Tabla 24-1. Turbotax for 2011 tax year Ejemplos de Donaciones Caritativas —Verificación Rápida, Donaciones Hechas a Organizaciones no Calificadas Aportes, Aportes para campañas políticas. Turbotax for 2011 tax year (see also Aportes para campañas políticas) Aportes para campañas políticas, Aportes para campañas políticas. Turbotax for 2011 tax year Apoyo administrativo, posibilidad de deducir, Apoyo Administrativo y Alquiler de Oficina Arreglos de ahorros para la jubilación, Reglas Especiales (see also Cuentas Roth IRA ) Aportaciones Crédito por (see Crédito por aportaciones a arreglos de ahorros para la jubilación) Arreglos de ahorros para la jubilación (IRA) Retención, Pensiones y Anualidades Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés), Reglas Especiales, Reinversiones, Arreglos de Ahorros para la Jubilación (Arreglos IRA), Reinversiones, Arreglos Roth IRA , Información adicional. Turbotax for 2011 tax year (see also Reinversiones) 70 años y medio de edad Distribuciones obligatorias a, Dueños de arreglos IRA. Turbotax for 2011 tax year , Cantidades Acumuladas en Exceso (Distribuciones Insuficientes) Límite a las aportaciones a, Regla de la edad de 70 años y medio. Turbotax for 2011 tax year Abrir un arreglo, ¿Quién Puede Abrir un Arreglo IRA Tradicional? Dónde abrir un arreglo, ¿Cuándo y Cómo se Puede Abrir un Arreglo IRA Tradicional? Fecha de, ¿Cuándo y Cómo se Puede Abrir un Arreglo IRA Tradicional? Aportaciones, Reglas Especiales, Arreglos de ahorros para la jubilación. Turbotax for 2011 tax year Aportación a un arreglo Roth IRA para el mismo año, Arreglos Roth IRA y arreglos IRA tradicionales. Turbotax for 2011 tax year Cómo indicar el año de la aportación, Cómo indicar el año de la aportación. Turbotax for 2011 tax year en Exceso, Aportaciones en Exceso Fecha del, ¿Cuándo se Pueden Hacer Aportaciones? No deducibles, Aportaciones no Deducibles No se exigen anualmente, No es obligatorio hacer aportaciones. Turbotax for 2011 tax year Presentación de la declaración antes de hacer una aportación, Presentación de la declaración antes de hacer una aportación. Turbotax for 2011 tax year Retiro antes de la fecha de vencimiento, Aportaciones devueltas antes de la fecha de vencimiento del plazo de entrega de la declaración. Turbotax for 2011 tax year Aportaciones en Exceso, Aportaciones en Exceso Aportaciones no deducibles, Aportaciones no Deducibles Impuestos sobre ganancias derivadas de, Impuestos sobre ganancias derivadas de aportaciones no deducibles. Turbotax for 2011 tax year Retiro prematuro, Aportaciones no deducibles. Turbotax for 2011 tax year Arreglos IRA heredados, Pensión o arreglo IRA heredado. Turbotax for 2011 tax year , Arreglos IRA Heredados, Arreglos IRA heredados. Turbotax for 2011 tax year Distribuciones obligatorias, Beneficiarios. Turbotax for 2011 tax year Arreglos IRA Kay Bailey Hutchison del cónyuge, Recordatorios, Límite de aportaciones a los arreglos Kay Bailey Hutchison IRA para cónyuges. Turbotax for 2011 tax year , Arreglo Kay Bailey Hutchison IRA para el cónyuge. Turbotax for 2011 tax year , Si su cónyuge tiene cobertura. Turbotax for 2011 tax year Base de costo, Base de costos. Turbotax for 2011 tax year , Tributables en parte. Turbotax for 2011 tax year Cargos administrativos, Honorarios por Administración de un Fideicomiso de Arreglos IRA Cómo declarar Distribuciones, Cómo declarar distribuciones tributables en la declaración. Turbotax for 2011 tax year Recaracterización de aportaciones, Cómo declarar una recaracterización. Turbotax for 2011 tax year Contribuyentes divorciados, Traspasos a Raíz de un Divorcio Crédito por aportaciones a arreglos de ahorros para la jubilación, Reglas Especiales Crédito por aportaciones a cuentas de ahorros para la jubilación, Crédito por Aportaciones a Cuentas de Ahorro para la Jubilación (Crédito del Ahorrador) Deducción por, ¿Cuánto se Puede Deducir? Reducción paulatina, Reducción paulatina de la deducción. Turbotax for 2011 tax year Definición de, Arreglos IRA Tradicionales Distribuciones A 59 años y medio de edad, Regla de la edad de 59 años y medio. Turbotax for 2011 tax year , Excepciones. Turbotax for 2011 tax year Distribuciones mínimas obligatorias (see este encabezamiento: Distribuciones obligatorias) (see este encabezamiento: Distribuciones obligatorias) Distribuciones obligatorias, Distribuciones obligatorias. Turbotax for 2011 tax year , ¿Cuándo Tiene que Retirar Activos de un Arreglo IRA? (Distribuciones Mínimas Obligatorias) Acumulaciones en exceso, Cantidades Acumuladas en Exceso (Distribuciones Insuficientes) Distribuciones prematuras (see Retiro prematuro de una cuenta de intereses diferidos) Edad de 59 años y medio para fines de la distribución, Regla de la edad de 59 años y medio. Turbotax for 2011 tax year Excepción a la regla, Excepciones. Turbotax for 2011 tax year Fecha de tributación, Arreglos IRA Tradicionales Formularios que debe presentar Formulario 1099-R para declarar distribuciones, Distribuciones declaradas en el Formulario 1099-R. Turbotax for 2011 tax year Formularios que se han de utilizar El Formulario 8606 para aportaciones no deducibles, Recordatorios Honorarios de administración, Honorarios de fideicomisarios. Turbotax for 2011 tax year , Honorarios de fideicomisarios. Turbotax for 2011 tax year Honorarios por administración de un fideicomiso, Honorarios por Administración de un Fideicomiso de Arreglos IRA Imponibilidad, Excepciones. Turbotax for 2011 tax year Distribuciones, ¿Están Sujetas a Impuestos las Distribuciones? Ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés) Cálculo de, Ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés). Turbotax for 2011 tax year Ingresos ordinarios, distribuciones como, Ingresos ordinarios. Turbotax for 2011 tax year Intereses devengados de, trato de, Recordatorios Límites a las aportaciones, ¿Cuánto se Puede Aportar?, Límite general. Turbotax for 2011 tax year Más de 50 años de edad,, Límite general. Turbotax for 2011 tax year Menos de 50 años de edad,, Límite general. Turbotax for 2011 tax year Matrimonios (see este encabezamiento: Arreglos IRA Kay Bailey Hutchison del cónyuge) (see este encabezamiento: Arreglos IRA Kay Bailey Hutchison del cónyuge) Multas, ¿Qué Acciones Dan Lugar a Multas o Impuestos Adicionales? Aportaciones en Exceso, Aportaciones en Exceso Declaración de exceso de aportaciones no deducibles, Multa por declarar aportaciones en exceso. Turbotax for 2011 tax year Distribuciones obligatorias, no realizar, ¿Cuándo Tiene que Retirar Activos de un Arreglo IRA? (Distribuciones Mínimas Obligatorias), Cantidades Acumuladas en Exceso (Distribuciones Insuficientes) Distribuciones prematuras (see Retiro prematuro de una cuenta de intereses diferidos) No se presenta el Formulario 8606 para aportaciones no deducibles, Recordatorios, Multa por no presentar el Formulario 8606. Turbotax for 2011 tax year Transacciones prohibidas, Efecto sobre un arreglo IRA. Turbotax for 2011 tax year Participantes en un plan del empleador para la jubilación, Si está cubierto por un plan del empleador para la jubilación. Turbotax for 2011 tax year , Límite si se Tiene Cobertura bajo un Plan del Empleador Personas que trabajan por cuenta propia, Ingresos de trabajo por cuenta propia. Turbotax for 2011 tax year Recaracterización de la aportación, Recaracterizaciones Remuneración, definida, ¿Qué es remuneración? Retención, Retención. Turbotax for 2011 tax year Retiros, ¿Cuándo Puede Retirar o Utilizar Activos de un Arreglo IRA?, Cómo tratar las aportaciones retiradas. Turbotax for 2011 tax year Obligatorios (see este encabezamiento: Distribuciones obligatorias) Prematuros (see Retiro prematuro de una cuenta de intereses diferidos) Se permiten traspasos, ¿Puede Traspasar Activos de un Plan de Jubilación? A un arreglo Roth IRA, Traspasos a un arreglo Roth IRA. Turbotax for 2011 tax year , Cómo Convertir Cantidades de un Arreglo IRA Tradicional en un Arreglo Roth IRA Tipos de, Tipos de arreglos IRA tradicionales. Turbotax for 2011 tax year Transacciones prohibidas, Transacciones Prohibidas Traspasos de Fideicomisario a Fideicomisaro, Traspaso de Fideicomisario a Fideicomisario Arreglo IRA a arreglo Roth IRA , Métodos de conversión. Turbotax for 2011 tax year Arreglos de ahorros para la jubilación designados Roth , Arreglos de ahorros para la jubilación designados Roth. Turbotax for 2011 tax year , Arreglos de ahorros para la jubilación designados Roth. Turbotax for 2011 tax year Definición, Arreglos de ahorros para la jubilación designados Roth. Turbotax for 2011 tax year Arreglos IRA tradicionales (see Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés)) Arreglos Roth IRA, Arreglos Roth IRA , Reinversión de un arreglo Roth IRA , Información adicional. Turbotax for 2011 tax year (see also Reinversiones) Abrir un arreglo, ¿Cuándo se Puede Abrir un Arreglo Roth IRA? Aportaciones, ¿Puede Hacer Aportaciones a un Arreglo Roth IRA? A un arreglo IRA tradicional para el mismo año, Arreglos Roth IRA y arreglos IRA tradicionales. Turbotax for 2011 tax year Aportaciones sólo a arreglos Roth IRA , Arreglos Roth IRA solamente. Turbotax for 2011 tax year Ninguna deducción por, ¿Qué Es un Arreglo Roth IRA? Plazo para hacer, ¿Cuándo se Pueden Hacer Aportaciones? Aportaciones del cónyuge, ¿Se pueden hacer aportaciones a un arreglo Roth IRA a favor del cónyuge? Aportaciones en Exceso, ¿Qué Sucede si Aporta Demasiado? Conversión, Conversiones Conversiones fallidas y recaracterizaciones, Recaracterizaciones Definición de, ¿Qué Es un Arreglo Roth IRA? Distribuciones Distribuciones calificadas, ¿Qué son las distribuciones calificadas? Edad Distribuciones hechas después de la edad de 59 años y medio, ¿Qué son las distribuciones calificadas? No exsite un límite para aportaciones, ¿Existe un límite de edad para las aportaciones? No se requiere determinada edad para recibir la distribución, ¿Se tienen que retirar o utilizar activos de un arreglo Roth IRA? Efecto de los ingresos brutos ajustados modificados sobre las aportaciones (Tabla 17-3), Aportaciones no declaradas. Turbotax for 2011 tax year Imponibilidad, ¿Están Sujetas a Impuestos las Distribuciones? Ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés), Ingreso bruto ajustado modificado (MAGI, por sus siglas en inglés). Turbotax for 2011 tax year Cálculo (Hoja de Trabajo 17-2), Hoja de Trabajo 17-2. Turbotax for 2011 tax year Hoja de Trabajo Correspondiente a Ingresos Brutos Ajustados Modificados para Fines de un Arreglo Roth IRA Eliminación paulatina (Tabla 17-3), Aportaciones no declaradas. Turbotax for 2011 tax year Límites a las aportaciones, ¿Cuánto se Puede Aportar? Más de 50 años de edad,, Arreglos Roth IRA y arreglos IRA tradicionales. Turbotax for 2011 tax year Menos de 50 años de edad,, Arreglos Roth IRA y arreglos IRA tradicionales. Turbotax for 2011 tax year Multas Aportaciones de conversión retiradas dentro del plazo de 5 años, Impuestos adicionales sobre distribuciones de aportaciones de conversión y determinadas aportaciones de reinversión dentro del plazo de 5 años. Turbotax for 2011 tax year Aportaciones en Exceso, ¿Qué Sucede si Aporta Demasiado? Remuneración, definida, Remuneración. Turbotax for 2011 tax year Retiros, ¿Se tienen que retirar o utilizar activos de un arreglo Roth IRA? Aportaciones en Exceso, Retiro de aportaciones en exceso. Turbotax for 2011 tax year No sujetas a impuestos, ¿Están Sujetas a Impuestos las Distribuciones? Traspaso de arreglo IRA a, Traspasos a un arreglo Roth IRA. Turbotax for 2011 tax year , Cómo Convertir Cantidades de un Arreglo IRA Tradicional en un Arreglo Roth IRA Arrendadores (see Ingresos y gastos de alquiler) Artículos coleccionables Como bienes de capital, Bienes de Capital y Bienes que no Son de Capital, Oro, plata, estampillas, monedas, gemas, etcétera. Turbotax for 2011 tax year Ganancias o pérdidas de la venta o canje de, Deducción de los intereses de inversiones. Turbotax for 2011 tax year Inversión de un arreglo IRA en, Inversión en Artículos Coleccionables, Excepción. Turbotax for 2011 tax year Artículos domésticos, deducción caritativa por, Ropa y artículos domésticos. Turbotax for 2011 tax year Artistas de actuación, Gastos de ciertos artistas de actuación. Turbotax for 2011 tax year Gastos de negocio, Gastos de ciertos artistas de actuación. Turbotax for 2011 tax year Artistas del espectáculo Gastos de estudios relacionados con el trabajo, Artistas del Espectáculo y Funcionarios a los que se les Pagan Honorarios Artistas y músicos, Ropa de Trabajo y Uniformes Asesoramiento Tributario para Ancianos, Ayuda Gratuita con la Preparación de la Declaración de Impuestos Asignación estándar para comidas, Límite del 50% en comidas. Turbotax for 2011 tax year , Asignación estándar para comidas. Turbotax for 2011 tax year , Quién puede usar la asignación estándar para comidas. Turbotax for 2011 tax year , Tarifa federal. Turbotax for 2011 tax year , La asignación estándar para comidas. Turbotax for 2011 tax year Cantidad de, Cantidad de asignación estándar para comidas. Turbotax for 2011 tax year Prorrateo en días parciales de viaje, Cuándo prorratear la asignación estándar de comidas en días parciales de viaje. Turbotax for 2011 tax year Zonas fuera de los Estados Unidos continentales, Asignación estándar de comidas para zonas fuera de los Estados Unidos continentales. Turbotax for 2011 tax year Asignación para gastos diarios (see Viáticos) Asignaciones de subsistencia del Cuerpo de Paz, Cuerpo de Paz. Turbotax for 2011 tax year Asignaciones por costo de vida, Asignaciones del gobierno por costo de vida. Turbotax for 2011 tax year Asignaciones testamentarias, Pérdidas. Turbotax for 2011 tax year , Regalos y herencias. Turbotax for 2011 tax year , Ingresos procedentes de bienes recibidos como regalo. Turbotax for 2011 tax year (see also Beneficiarios de caudales hereditarios) (see also Herencia) (see also Regalos) Asignaciones testamentarias (legados), Ingresos de herencias y de fideicomisos. Turbotax for 2011 tax year (see also Beneficiarios de caudales hereditarios) Asistencia (see Ayuda con los impuestos) Asistencia de energía, Pagos para la reducción del costo de energía en invierno. Turbotax for 2011 tax year Asistencia de estudios (see Becas de estudios y becas de investigación (de desarrollo profesional)) Asistencia en caso de desastre, Ataque terrorista o actividad militar. Turbotax for 2011 tax year , Pagos de asistencia en caso de desastres. Turbotax for 2011 tax year , Asistencia en caso de desastre. Turbotax for 2011 tax year (see also Ataques terroristas) Demolición o reubicación por orden del gobierno de vivienda poco segura debido a, Pérdidas deducibles. Turbotax for 2011 tax year Donaciones en efectivo hechas a damnificados, Regalos en efectivo. Turbotax for 2011 tax year Fondo de emergencia del empleador en caso de desastre, Fondo de emergencia del empleador en caso de desastre. Turbotax for 2011 tax year Reemplazo de bienes perdidos o dañados, Asistencia en caso de desastre. Turbotax for 2011 tax year Robert T. Turbotax for 2011 tax year Stafford Disaster Relief and Emergency Assistance Act (Ley Robert T. Turbotax for 2011 tax year Stafford de Alivio en Caso de Desastres y Ayuda en Emergencias) Ayuda para el desempleo, Tipos de compensación por desempleo. Turbotax for 2011 tax year Subvenciones, Subvenciones de asistencia en caso de desastre. Turbotax for 2011 tax year Subvenciones o pagos, Subvenciones de asistencia en caso de desastre. Turbotax for 2011 tax year Asistencia para estudios, Deducción por Matrícula y Cuotas Escolares (see also Matrícula) Becas de estudios (see Becas de estudios y becas de desarrollo profesional) Becas de estudios y becas de investigación (de desarrollo profesional) (see Becas de estudios y becas de investigación (de desarrollo profesional)) Becas de investigación, Becas de estudios y becas de investigación (becas de desarrollo profesional). Turbotax for 2011 tax year Costo de matrícula (see Programas de matrícula calificados) Asistente EITC , Recordatorios Asociaciones cívicas Donaciones caritativas hechas a, Donaciones Hechas a Organizaciones no Calificadas Donaciones hechas a, ninguna deducción caritativa por, Tabla 24-1. Turbotax for 2011 tax year Ejemplos de Donaciones Caritativas —Verificación Rápida Asociaciones de abogados Donaciones caritativas hechas a, Donaciones Hechas a Organizaciones no Calificadas Asociaciones de abogados estatales Cursos de preparación para el examen de reválida de derecho, Curso de preparación para el examen de reválida de derecho o para el examen para contadores públicos autorizados Asociaciones de propietarios de casas Donaciones caritativas hechas a, Tabla 24-1. Turbotax for 2011 tax year Ejemplos de Donaciones Caritativas —Verificación Rápida, Donaciones Hechas a Organizaciones no Calificadas Asociaciones profesionales Reuniones y gastos de entretenimiento, Reuniones de asociaciones comerciales. Turbotax for 2011 tax year Asunción de hipoteca, Asunción de hipoteca. Turbotax for 2011 tax year Cargos que no se incluyen en la base, Cargos de liquidación. Turbotax for 2011 tax year Ataques al Pentágono (see Ataques terroristas) Ataques al World Trade Center (see Ataques terroristas) Ataques terroristas Pagos por incapacidad para lesiones de, exclusión de impuesto, Pensiones por incapacidad. Turbotax for 2011 tax year Pensiones por incapacidad de empleados federales, Ataque terrorista o actividad militar. Turbotax for 2011 tax year Pérdidas por hecho fortuito debido a, Pérdidas deducibles. Turbotax for 2011 tax year ATIN (Número de identificación del contribuyente para adopción), Número de identificación del contribuyente para adopción (ATIN, por sus siglas en inglés). Turbotax for 2011 tax year Audífonos Como gasto médico, Tabla 21-1. Turbotax for 2011 tax year Lista de Gastos Médicos y Dentales. Turbotax for 2011 tax year Vea la Publicación 502 para más información sobre estos gastos, entre otros. Turbotax for 2011 tax year Auditorías Documentación de gastos de viaje, Si se revisa su declaración de impuestos. Turbotax for 2011 tax year Ausencia indefinida del trabajo Estudios relacionados con el trabajo durante, Estudios durante ausencia indefinida. Turbotax for 2011 tax year Ausencia temporal del trabajo Estudios relacionados con el trabajo durante, Estudios durante ausencia temporal. Turbotax for 2011 tax year Ausencias temporales, Ausencias temporales. Turbotax for 2011 tax year , Ausencias temporales. Turbotax for 2011 tax year Automóviles, Transporte, Transporte de escolares. Turbotax for 2011 tax year , Gastos de Automóvil y Otros Gastos de Negocio del Empleado, Gastos de Automóvil (see also Tarifas estándar por millas) (see also Viaje y transporte) Accidentes que dan como resultado pérdida por hecho fortuito, Pérdidas deducibles. Turbotax for 2011 tax year Determinación de valor, Valor de automóviles. Turbotax for 2011 tax year Negligencia o acto intencionado como causa, Pérdidas no deducibles. Turbotax for 2011 tax year Asignaciones de empleadores, Viáticos y Asignaciones para Automóvil Como bienes de capital, Bienes de Capital y Bienes que no Son de Capital Cómo Declarar, Cómo Hacer la Declaración La Tabla 26-3 en la que se encuentran los formularios que se han de usar, Asignación para viáticos mayor a la tarifa federal. Turbotax for 2011 tax year Deducciones conforme a la sección 179, Depreciación y deducciones de la sección 179. Turbotax for 2011 tax year Depreciación, Depreciación y deducciones de la sección 179. Turbotax for 2011 tax year Donación caritativa, deducción por el valor justo de mercado, Automóviles, barcos y aviones. Turbotax for 2011 tax year Estacionamiento (see Cargos de estacionamiento) Estudios relacionados con el trabajo, transporte para, Uso de su automóvil. Turbotax for 2011 tax year Formulario 2106 ó 2106-EZ, cómo llenar, Gastos de automóvil. Turbotax for 2011 tax year Gastos de viaje relacionado con los negocios, Domicilio tributario distinto al hogar familiar. Turbotax for 2011 tax year Gastos reales, Gastos de Automóvil, Gastos Reales de Automóvil Impuestos sobre bienes muebles, deducción de, Impuestos sobre Bienes Muebles Intereses sobre préstamos, no deducibles, Intereses Personales Libro azul para determinar el valor justo de mercado, Automóviles, barcos y aviones. Turbotax for 2011 tax year Libros para determinar el valor justo de mercado, Valor de automóviles. Turbotax for 2011 tax year Publicidad en el, Publicidad en el automóvil. Turbotax for 2011 tax year Servicio prestado a institución benéfica, uso para, Gastos de automóvil. Turbotax for 2011 tax year Tarifa fija y variable (FAVR, por sus siglas en inglés), Tarifa fija y variable (FAVR, por sus siglas en inglés). Turbotax for 2011 tax year Transporte de herramientas o instrumentos, Transporte de herramientas o instrumentos. Turbotax for 2011 tax year Transporte médico, Tabla 21-1. Turbotax for 2011 tax year Lista de Gastos Médicos y Dentales. Turbotax for 2011 tax year Vea la Publicación 502 para más información sobre estos gastos, entre otros. Turbotax for 2011 tax year , Transporte, Gastos de automóvil. Turbotax for 2011 tax year Uso compartido de automóviles, Uso compartido de automóviles. Turbotax for 2011 tax year Uso con fines comerciales y personales, asignación entre, Uso con fines comerciales y personales. Turbotax for 2011 tax year , Separación de gastos. Turbotax for 2011 tax year Vehículos alquilados, Alquiler de un automóvil. Turbotax for 2011 tax year Venta, Pago Parcial u Otra Enajenación del Vehículo, Venta, pago parcial u otra enajenación del vehículo Automóviles, donaciones de, Automóviles, barcos y aviones. Turbotax for 2011 tax year Aviones Donación caritativa, deducción por el valor justo de mercado, Automóviles, barcos y aviones. Turbotax for 2011 tax year Aviones, donaciones de, Automóviles, barcos y aviones. Turbotax for 2011 tax year Aviso, Documentos Básicos Ayuda (see Ayuda con los impuestos) Ayuda con los impuestos, Recordatorios, Ayuda del IRS. Turbotax for 2011 tax year , Ayuda Gratuita con la Preparación de la Declaración de Impuestos, Cómo Obtener Ayuda con los Impuestos Asesoramiento Tributario para Ancianos, Ayuda Gratuita con la Preparación de la Declaración de Impuestos Asesoramiento voluntario (Programa de Asistencia Voluntaria al Contribuyente (del Impuesto sobre el Ingreso)), Ayuda Gratuita con la Preparación de la Declaración de Impuestos Asesoría voluntaria (programa de asistencia voluntaria al contribuyente (del impuesto sobre el ingreso)), Asesoría voluntaria con los impuestos. Turbotax for 2011 tax year Ayuda doméstica, no hay exención por, Amas de llave, criados o sirvientes. Turbotax for 2011 tax year Ayuda económica para estudios Provista por el empleador Deducción por matrícula, efecto sobre, Ayuda económica para los estudios exenta de impuestos. Turbotax for 2011 tax year Ayuda para educación Provista por el empleador, Ayuda para Educación Ayuda para pago inicial o enganche, Ayuda para pago inicial (o enganche). Turbotax for 2011 tax year Ayuda por Internet Asistente EITC , Recordatorios B Balneario (spa), Gastos de Balnearios Bancarrota Deuda cancelada no considerada ingreso, Deuda excluida. Turbotax for 2011 tax year Bancos Arreglos IRA con, ¿Cuándo y Cómo se Puede Abrir un Arreglo IRA Tradicional? Fondos de inversión del mercado monetario, Fondos de Inversión del Mercado Monetario Pérdidas de depósitos, cuando pérdidas por hecho fortuito Cómo declarar, Pérdidas de depósitos. Turbotax for 2011 tax year Pérdidas de depósitos, cuando son pérdidas por hecho fortuito, Depósito en Instituciones Financieras Insolventes o en Quiebra, Pérdidas de Depósitos Servicio de inversión automático, determinación del período de tenencia, Servicio de inversión automático. Turbotax for 2011 tax year Bancos de sangre Ninguna deducción caritativa por donaciones de sangre hechas a, Tabla 24-1. Turbotax for 2011 tax year Ejemplos de Donaciones Caritativas —Verificación Rápida, Valor de Tiempo o Servicios Barcos Donación caritativa, deducción por el valor justo de mercado, Automóviles, barcos y aviones. Turbotax for 2011 tax year Donaciones de, Automóviles, barcos y aviones. Turbotax for 2011 tax year Base, Bienes Heredados Acciones o derechos de acciones, Base. Turbotax for 2011 tax year Asignación entre uso comercial y personal, Introduction Base ajustada, Base Ajustada Base de costo, Useful Items - You may want to see: Arreglo IRA para aportaciones no deducibles, Base de costos. Turbotax for 2011 tax year , Tributables en parte. Turbotax for 2011 tax year Bienes raíces, Bienes Raíces Bienes recibidos por servicios, Bienes Recibidos por Servicios Bienes restringidos, Bienes restringidos. Turbotax for 2011 tax year Bonos, Acciones y Bonos, Prima de bonos. Turbotax for 2011 tax year Compra por valor inferior, Compra por valor inferior. Turbotax for 2011 tax year Conversión involuntaria, Conversiones Involuntarias Definición de, Introduction Deudas incobrables, Requisito de base en la deuda incobrable. Turbotax for 2011 tax year Distinta a los costos, Base Distinta al Costo, Obligaciones exentas de impuestos. Turbotax for 2011 tax year Distinta al costo, Sin pérdidas ni ganancias. Turbotax for 2011 tax year Donaciones, Bienes Recibidos como Donación Intercambio de bienes del mismo tipo, Base de bienes recibidos. Turbotax for 2011 tax year Mejoras a bienes raíces, Mejoras. Turbotax for 2011 tax year Obligaciones exentas de impuestos Bonos, Obligaciones exentas de impuestos. Turbotax for 2011 tax year Puntos que no se incluyen, Cargos de liquidación. Turbotax for 2011 tax year , Puntos. Turbotax for 2011 tax year Traspasos entre cónyuges, Bienes Traspasados de un Cónyuge, Traspasos entre Cónyuges Venta de vivienda (see Venta de vivienda) Base ajustada, Base Ajustada, Ganancia aplazada de la venta de una vivienda. Turbotax for 2011 tax year Aumentos a la base, Aumentos a la Base Deducción conforme a la sección 179, Depreciación y deducción conforme a la sección 179. Turbotax for 2011 tax year Depreciación, Depreciación y deducción conforme a la sección 179. Turbotax for 2011 tax year Disminuciones a la base, Disminuciones a la Base Donaciones, Bienes Recibidos como Donación Exclusión de subsidios por ahorro de energía, Exclusión de subsidios por sistemas de ahorro de energía. Turbotax for 2011 tax year Mejoras, Mejoras. Turbotax for 2011 tax year Servidumbres, Servidumbres (derechos de acceso a la propiedad). Turbotax for 2011 tax year Tasaciones locales, Gravámenes por mejoras locales. Turbotax for 2011 tax year Venta de vivienda (see Venta de vivienda) Ventas de bienes, Base ajustada. Turbotax for 2011 tax year Base de costo, Useful Items - You may want to see: Arreglo IRA para aportaciones no deducibles, Base de costos. Turbotax for 2011 tax year , Tributables en parte. Turbotax for 2011 tax year Bebidas alcohólicas Transacciones prohibidas de un arreglo IRA en, Artículos coleccionables. Turbotax for 2011 tax year Becas, Becas. Turbotax for 2011 tax year , Definición de ingreso bruto. Turbotax for 2011 tax year , No Incluya lo Siguiente en la Manutención Total Becas de desarrollo profesional (see Becas de estudios y becas de desarrollo profesional) Becas de estudios y becas de desarrollo profesional, Puede usar el Formulario 1040EZ si se dan todas las siguientes situaciones:, Puede usar el Formulario 1040A si se dan todas las siguientes situaciones: Ingreso del trabajo incluyendo, Definición del ingreso del trabajo. Turbotax for 2011 tax year Becas de estudios y becas de investigación (de desarrollo profesional) Becas de estudios y becas de investigación (de desarrollo profesional), Pago por servicios. Turbotax for 2011 tax year Becas de investigación Asistencia para estudios, Becas de estudios y becas de investigación (becas de desarrollo profesional). Turbotax for 2011 tax year Exclusión del ingreso bruto, Becas de estudios y becas de investigación (becas de desarrollo profesional). Turbotax for 2011 tax year Becas de investigación (becas de desarrollo profesional) Deducción por matrícula, efecto sobre, Ayuda económica para los estudios exenta de impuestos. Turbotax for 2011 tax year (see also Becas de estudios y becas de desarrollo profesional) Beneficiarios, Beneficiario de un caudal hereditario o fideicomiso. Turbotax for 2011 tax year , Reinversiones por parte del cónyuge sobreviviente. Turbotax for 2011 tax year , Ingresos de herencias y de fideicomisos. Turbotax for 2011 tax year , Pérdidas. Turbotax for 2011 tax year (see also Beneficiarios de caudales hereditarios) (see also Beneficiarios de fideicomiso) Beneficiarios de caudales hereditarios, Bienes Heredados Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés) (see Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés)) Cómo recibir ingreso de caudal hereditario, Ingresos de herencias y de fideicomisos. Turbotax for 2011 tax year , Ingreso actual que no se requiere distribuir. Turbotax for 2011 tax year Dividendos recibidos por, Beneficiario de un caudal hereditario o fideicomiso. Turbotax for 2011 tax year Pérdidas de herencia, Pérdidas. Turbotax for 2011 tax year Restricciones de reinversión, Reinversiones por parte del cónyuge sobreviviente. Turbotax for 2011 tax year Beneficiarios de fideicomiso Cómo recibir ingreso de fideicomiso, Ingresos de herencias y de fideicomisos. Turbotax for 2011 tax year , Ingreso actual que se requiere distribuir. Turbotax for 2011 tax year , Ingreso actual que no se requiere distribuir. Turbotax for 2011 tax year , Regalos y herencias. Turbotax for 2011 tax year Dividendos recibidos por, Beneficiario de un caudal hereditario o fideicomiso. Turbotax for 2011 tax year Pérdidas de fideicomiso, Pérdidas. Turbotax for 2011 tax year Restricciones de reinversión, Reinversiones por parte del cónyuge sobreviviente. Turbotax for 2011 tax year Beneficions de jubilación de empleados ferroviarios Ingresos, Puede usar el Formulario 1040A si se dan todas las siguientes situaciones: Beneficios Desempleo, Compensación por desempleo. Turbotax for 2011 tax year Beneficios acelerados por fallecimiento, Beneficios Acelerados por Fallecimiento, Exclusión por enfermedad mortal. Turbotax for 2011 tax year Beneficios de asistencia pública, Beneficios del Bienestar Social y Otros Beneficios de Asistencia Pública Beneficios de jubilación de empleados ferroviarios, Beneficios de jubilación de empleados ferroviarios. Turbotax for 2011 tax year , Beneficios del Seguro Social y Beneficios Equivalentes de la Jubilación para Empleados Ferroviarios, Deducción de más de $3,000. Turbotax for 2011 tax year , Anualidades de jubilación de empleados ferroviarios. Turbotax for 2011 tax year Beneficios equivalentes de nivel 1 (beneficios equivalentes del Seguro Social (SSEB)), Anualidades de jubilación de empleados ferroviarios. Turbotax for 2011 tax year Beneficios equivalentes de nivel 1 (beneficos equivalentes del Seguro Social (SSEB)), Introduction Casados que presentan la declaración por separado, Beneficios no sujetos a impuestos. Turbotax for 2011 tax year Cómo declarar, Cómo Declarar los Beneficios Declaraciones conjuntas, Declaración conjunta. Turbotax for 2011 tax year Deducciones relacionadas con, Deducciones Relacionadas con los Beneficios Elección de suma global, Elección de suma global. Turbotax for 2011 tax year Formulario RRB-1042S para extranjeros no residentes, Lo que no cubre este capítulo. Turbotax for 2011 tax year Formulario RRB-1099, Introduction Imponibilidad de, ¿Está Sujeta a Impuestos Alguna Parte de los Beneficios?, ¿Cuánto Está Sujeto a Impuestos? Impuesto estimado, Retención de impuestos e impuesto estimado. Turbotax for 2011 tax year Reintegro de beneficios, Reintegro de beneficios. Turbotax for 2011 tax year Retención No deducibles para propósitos del impuesto, Impuestos y Cargos que no Puede Deducir Retención para, Retención de impuestos e impuesto estimado. Turbotax for 2011 tax year Beneficios de la jubilación del gobierno federal, Beneficios de la jubilación del gobierno federal. Turbotax for 2011 tax year Beneficios de la jubilación para empleados ferroviarios Casados que presentan la declaración por separado, Reglas Especiales Planes del empleado para la jubilación distintos a, Seguro Social o jubilación de empleados ferroviarios. Turbotax for 2011 tax year Retención, Pagos del Gobierno Federal Beneficios de minimis , Beneficios De Minimis (Mínimos) Beneficios de veteranos Ayuda económica para estudios Deducción por matrícula, efecto sobre, Ayuda económica para los estudios exenta de impuestos. Turbotax for 2011 tax year Beneficios del bienestar social, Manutención provista por el estado (bienestar social, cupones de alimentos, vivienda, etcétera). Turbotax for 2011 tax year , Beneficios del Bienestar Social y Otros Beneficios de Asistencia Pública Beneficios del empleado, Beneficios Marginales Tributables, Beneficios Marginales, Beneficios De Minimis (Mínimos) (see also Beneficios marginales) Beneficios del Seguro Social, Beneficios del Seguro Social. Turbotax for 2011 tax year , Beneficios del Seguro Social y Beneficios Equivalentes de la Jubilación para Empleados Ferroviarios, Deducción de más de $3,000. Turbotax for 2011 tax year Arreglos IRA para destinatarios de beneficios, Destinatarios de beneficios del Seguro Social. Turbotax for 2011 tax year Casados que presentan la declaración por separado, Reglas Especiales, Beneficios no sujetos a impuestos. Turbotax for 2011 tax year Cómo declarar, Cómo Declarar los Beneficios Declaraciones conjuntas, Declaración conjunta. Turbotax for 2011 tax year Deducciones relacionadas con, Deducciones Relacionadas con los Beneficios Elección de suma global, Elección de suma global. Turbotax for 2011 tax year Empleador extranjero, Impuestos del Seguro Social y Medicare. Turbotax for 2011 tax year Formulario SSA-1042S para extranjeros no residentes, Lo que no cubre este capítulo. Turbotax for 2011 tax year Formulario SSA-1099, Introduction Imponibilidad de, ¿Está Sujeta a Impuestos Alguna Parte de los Beneficios?, ¿Cuánto Está Sujeto a Impuestos? Impuesto estimado, Retención de impuestos e impuesto estimado. Turbotax for 2011 tax year Ingresos, Puede usar el Formulario 1040A si se dan todas las siguientes situaciones: Pagados por el empleador, Impuestos del Seguro Social y Medicare pagados por el empleador. Turbotax for 2011 tax year Planes del empleado para la jubilación distintos a, Seguro Social o jubilación de empleados ferroviarios. Turbotax for 2011 tax year Propinas, impuestos a deber sobre, Debe usar el Formulario 1040 si le corresponde alguna de las siguientes situaciones: Reintegro de beneficios, Reintegro de beneficios. Turbotax for 2011 tax year , Beneficios del Seguro Social reintegrados. Turbotax for 2011 tax year Reintegros, Reintegros de Beneficios del Seguro Social Retención para, Pagos del Gobierno Federal, Retención de impuestos e impuesto estimado. Turbotax for 2011 tax year No deducibles, Impuestos y Cargos que no Puede Deducir Seguro de vida colectivo a término, impuestos a deber sobre, Debe usar el Formulario 1040 si le corresponde alguna de las siguientes situaciones: Beneficios marginales Adopción, ayuda provista por el empleador, Ayuda para Adopción Aportaciones a un plan de ahorros médicos Archer MSA , Aportaciones a una cuenta de ahorros médicos Archer (conocida como Archer MSA, en inglés). Turbotax for 2011 tax year Ayuda para educación, Ayuda para Educación Beneficios de minimis , Beneficios De Minimis (Mínimos) Formulario W-2, Formulario W-2. Turbotax for 2011 tax year Obsequios por fiestas, Obsequios por fiestas. Turbotax for 2011 tax year Período contable, Período contable. Turbotax for 2011 tax year Primas de seguro de vida colectivo a término fijo, Seguro de Vida Colectivo a Término Fijo Retención, Beneficios Marginales Tributables Seguro de accidente y de salud, Plan de Accidente o de Salud Servicios de planificación para la jubilación, Servicios de Planificación para la Jubilación Transporte, Transporte Beneficios para alimentos Programa de Nutrición para Ancianos, Programa de Nutrición para Ancianos. Turbotax for 2011 tax year Beneficios para veteranos, Beneficios para veteranos. Turbotax for 2011 tax year Asistencia para estudios, Pagos del Departamento de Asuntos de Veteranos (VA). Turbotax for 2011 tax year Clasificación retroactiva, Clasificación retroactiva hecha por el Departamento de Asuntos de Veteranos. Turbotax for 2011 tax year Ley de prescripción especial, Ley de prescripción especial. Turbotax for 2011 tax year Beneficios para veteranos (GI Bill), Pagos y asignaciones para la matrícula bajo la Ley de Beneficios para Veteranos (GI Bill). Turbotax for 2011 tax year Beneficios por cierre patronal, Indemnización por huelga y cierre patronal. Turbotax for 2011 tax year Beneficios por fallecimiento Acelerados, Beneficios Acelerados por Fallecimiento, Exclusión por enfermedad mortal. Turbotax for 2011 tax year Funcionarios de seguridad pública fallecidos o asesinados en cumplimiento del deber, exclusión tributaria, Funcionario de Seguridad Pública Fallecido en el Cumplimiento del Deber Ganancias de un seguro de vida (see Seguro de vida) Beneficios por fallecimiento accidental, Beneficios por fallecimiento accidental. Turbotax for 2011 tax year Beneficios por incapacidad Crédito por ingreso del trabajo, Formulario 4029. Turbotax for 2011 tax year Beneficios sindicales por huelga, Indemnización por huelga y cierre patronal. Turbotax for 2011 tax year Bicicleta Beneficio marginal, Desplazamiento calificado de ida y vuelta al trabajo en bicicleta. Turbotax for 2011 tax year Bienes, Bienes Raíces, Bienes raíces comprados. Turbotax for 2011 tax year , Si recupera la posesión de bienes raíces. Turbotax for 2011 tax year (see also Bienes raíces) Hallados, Bienes hallados. Turbotax for 2011 tax year Robados, Bienes robados. Turbotax for 2011 tax year Bienes comerciales Base de depreciación, Base para propósitos de depreciación. Turbotax for 2011 tax year Como donación, base ajustada por, Bienes comerciales. Turbotax for 2011 tax year Uso de bien cambiado a, base ajustada para, Bienes de Uso Personal Cambiados a Uso Comercial o de Alquiler Ventas o intercambios, Otras transacciones de bienes. Turbotax for 2011 tax year Intercambio de bienes del mismo tipo, Intercambio de bienes del mismo tipo. Turbotax for 2011 tax year Bienes de capital Carbón y mineral de hierro, Carbón y mineral de hierro. Turbotax for 2011 tax year Definición de, Bienes de Capital y Bienes que no Son de Capital Bienes gananciales, Ingresos de bienes gananciales. Turbotax for 2011 tax year , Bienes gananciales. Turbotax for 2011 tax year , Bienes gananciales. Turbotax for 2011 tax year Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés), Leyes de los bienes gananciales. Turbotax for 2011 tax year Casados que presentan la declaración por separado, Estados donde rige la ley de los bienes gananciales. Turbotax for 2011 tax year Gastos médicos y dentales, Estados donde rige la ley de los bienes gananciales. Turbotax for 2011 tax year Pensión para el cónyuge divorciado del cónyuge divorciado, diferencia de, Pagos que no son pensión para el cónyuge divorciado. Turbotax for 2011 tax year Bienes hallados, Bienes hallados. Turbotax for 2011 tax year Bienes muebles, Bienes muebles. Turbotax for 2011 tax year (see also Pérdidas por hecho fortuito) Como bienes de capital, Bienes de Uso Personal Impuestos (see Impuestos sobre bienes muebles) Ingreso de alquiler, Alquileres de Bienes Muebles Robo de (see Pérdidas por robo) Bienes para inversión Propiedad de alquiler (see Ingresos y gastos de alquiler) Bienes perdidos, Dinero en Efectivo o Bienes Perdidos o Extraviados Cuando se considera pérdida por hecho fortuito, Propiedad extraviada o perdida. Turbotax for 2011 tax year Bienes que generan ingresos Deducción de intereses sobre un préstamo para, Intereses por regalías o de alquiler que generen ingresos. Turbotax for 2011 tax year Bienes raíces, Uso Personal de una Unidad Habitable (Incluyendo una Casa de Vacaciones), Cómo Dividir los Gastos, Unidad Habitable Usada como Vivienda, Ejemplos. Turbotax for 2011 tax year , Base de Costo, Si recupera la posesión de bienes raíces. Turbotax for 2011 tax year , Cantidad Deducible (see also Casas de vacaciones) (see also Hipotecas) Alquiler (see Ingresos y gastos de alquiler) Base, Bienes Raíces Cantidades relacionadas con bienes raíces que no puede deducir, Cantidades Relacionadas con Bienes Raíces que no Puede Deducir Cargos de liquidación, Cargos de liquidación. Turbotax for 2011 tax year Cargos detallados por servicios no deducibles, Cargos detallados por servicios. Turbotax for 2011 tax year Como activos no de capital, Bienes de Capital y Bienes que no Son de Capital Costos de cierre, Cargos de liquidación. Turbotax for 2011 tax year Definición de, Bienes Raíces Deterioro progresivo, no pérdida por hecho fortuito, Deterioro progresivo. Turbotax for 2011 tax year Deuda comercial cancelada, trato de, Deuda excluida. Turbotax for 2011 tax year División de los impuestos sobre bienes raíces, División de los impuestos sobre bienes raíces entre compradores y vendedores. Turbotax for 2011 tax year Formulario 1099-S para declarar ganancias producto de ventas, Transacciones que se declaran en el Formulario 1099-S. Turbotax for 2011 tax year , Formulario 1099-S. Turbotax for 2011 tax year Impuestos de traspaso, Impuestos de traspaso (impuestos de timbre). Turbotax for 2011 tax year Pérdida por hechos fortuitos, Bienes raíces. Turbotax for 2011 tax year Período de tenencia, determinación de, Bienes raíces comprados. Turbotax for 2011 tax year Puntos, Puntos Valor justo de mercado (FMV, por sus siglas en inglés), Valor justo de mercado (FMV). Turbotax for 2011 tax year Bienes robados, Bienes robados. Turbotax for 2011 tax year (see Pérdidas por robo) Bingo, Tabla 24-1. Turbotax for 2011 tax year Ejemplos de Donaciones Caritativas —Verificación Rápida, Donaciones de las Cuales Usted se Beneficia Boletos, Entradas a eventos. Turbotax for 2011 tax year (see Gastos de entretenimiento) Bomberos Ganancias provenientes de un seguro de vida en caso de fallecimiento en cumplimiento del deber, Funcionario de Seguridad Pública Fallecido en el Cumplimiento del Deber Bomberos voluntarios Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés), Bomberos voluntarios. Turbotax for 2011 tax year Donaciones caritativas hechas a, Ejemplos. Turbotax for 2011 tax year Bonificaciones, Ingresos Suplementarios, Bonificaciones y premios. Turbotax for 2011 tax year , Recompensas o bonificaciones para empleados. Turbotax for 2011 tax year Bonos Ahorros, Bonos de Ahorro de los Estados Unidos, Bonos de la serie HH. Turbotax for 2011 tax year , Bonos de la serie EE y de la serie I. Turbotax for 2011 tax year Amortización de primas, Amortización de primas sobre bonos. Turbotax for 2011 tax year , Prima Amortizable de Bonos Tributables Base ajustada para, Acciones y Bonos Bonos con descuento en el mercado, Bonos con descuento en el mercado. Turbotax for 2011 tax year Bonos convertibles, Acciones y bonos convertibles. Turbotax for 2011 tax year Cancelación de, Redención o cancelación de bonos. Turbotax for 2011 tax year Como bienes de capital, Bienes de Capital y Bienes que no Son de Capital, Acciones, derechos de suscripción y bonos. Turbotax for 2011 tax year Descontados Pérdida o ganancia de capital, Instrumentos de Deuda Descontados Descuento de la emisión original, Descuento de la Emisión Original (OID) Emitidos con descuento, Descuento de la Emisión Original (OID) Exentos de impuestos, Obligaciones del Gobierno Estatal o Local Gobierno estatal o local, exento de impuestos, Bonos de gobiernos estatales y locales exentos de impuestos. Turbotax for 2011 tax year Redención de, Redención o cancelación de bonos. Turbotax for 2011 tax year Rescate de, Bonos de jubilación. Turbotax for 2011 tax year Vendido con prima, cálculo de la base ajustada, Prima de bonos. Turbotax for 2011 tax year Venta de, Bonos que se Venden Entre las Fechas de Pago de los Intereses Bonos con descuento en el mercado, Bonos con descuento en el mercado. Turbotax for 2011 tax year Bonos de ahorros de la serie I, Bonos de la serie EE y de la serie I. Turbotax for 2011 tax year Bonos de ahorros de las series EE y E, Bonos de la serie EE y de la serie I. Turbotax for 2011 tax year (see Bonos de ahorros de los EE. Turbotax for 2011 tax year UU. Turbotax for 2011 tax year ) Bonos de ahorros de las series HH y H, Bonos de la serie HH. Turbotax for 2011 tax year Bonos de ahorros de los EE. Turbotax for 2011 tax year UU Intereses sobre, Intereses de bonos de ahorro calificados. Turbotax for 2011 tax year Traspasos entre cónyuges, Bienes Traspasados de un Cónyuge Bonos de ahorros de los Estados Unidos Educación, uso para, Reglas Especiales Bonos de cupones, Bonos de cupones. Turbotax for 2011 tax year Bonos de la serie EE (see Bonos de ahorros de los EE. Turbotax for 2011 tax year UU. Turbotax for 2011 tax year ) Bonos del Tesoro, Títulos de deudas de los Estados Unidos. Turbotax for 2011 tax year Bonos municipales, Obligaciones del Gobierno Estatal o Local Boy Scouts Donaciones caritativas hechas a, Ejemplos. Turbotax for 2011 tax year , Tabla 24-1. Turbotax for 2011 tax year Ejemplos de Donaciones Caritativas —Verificación Rápida Búsqueda de empleo Deducción de gastos por entrevistas, Gastos de entrevistas de empleo. Turbotax for 2011 tax year C Cabeza de familia, Cabeza de familia o viudo que reúne los requisitos con hijo dependiente. Turbotax for 2011 tax year , Cómo presentar la declaración. Turbotax for 2011 tax year , Cabeza de Familia, Cómo presentar la declaración. Turbotax for 2011 tax year , Cónyuge extranjero no residente. Turbotax for 2011 tax year , Personas que Mantienen una Vivienda, Persona Calificada, Viudo que Reúne los Requisitos con Hijo Dependiente Cabildeo Donaciones para, no deducciones por donaciones, Tabla 24-1. Turbotax for 2011 tax year Ejemplos de Donaciones Caritativas —Verificación Rápida, Donaciones de las Cuales Usted se Beneficia Caja de seguridad, Alquiler de Caja de Seguridad Cálculo del impuesto, Cálculos Cantidades iguales, Cantidades iguales. Turbotax for 2011 tax year Cantidades negativas, Cantidades negativas. Turbotax for 2011 tax year Redondeo a dólares, Redondeo a dólares. Turbotax for 2011 tax year Cálculo del impuesto y créditos, Cómo se Calcula la Deducción (see also Hojas de trabajo) Cálculos aproximados Gastos de viaje, Cómo Demostrar los Gastos Calificado, hijo, Hijo Calificado Calificado, pariente, Pariente Calificado Cámaras de comercio Donaciones caritativas hechas a, Tabla 24-1. Turbotax for 2011 tax year Ejemplos de Donaciones Caritativas —Verificación Rápida, Donaciones Hechas a Organizaciones no Calificadas Gastos de entretenimiento para asistir a reuniones, Reuniones de asociaciones comerciales. Turbotax for 2011 tax year Cambio de dirección, Cambio de Dirección Cambio de nombre, Cambio de nombre. Turbotax for 2011 tax year , Cambio de nombre. Turbotax for 2011 tax year Canadá Contribuciones hechas a organizaciones caritativas en, Ciertas organizaciones caritativas extranjeras. Turbotax for 2011 tax year Residente de, Requisito de Ciudadanía o Residencia, Hijo en Canadá o México. Turbotax for 2011 tax year Cancelación de deuda, Deudas Canceladas Excepciones al trato como ingreso, Excepciones Candidatos a cargos públicos Donaciones hechas a, ninguna deducción caritativa por, Tabla 24-1. Turbotax for 2011 tax year Ejemplos de Donaciones Caritativas —Verificación Rápida, Donaciones Hechas a Organizaciones no Calificadas Canje de bienes, Venta de Bienes (see also Venta de bienes) Bienes del mismo tipo y dinero traspasados, Intercambios parcialmente no sujetos a impuestos. Turbotax for 2011 tax year , Bienes del mismo tipo y dinero traspasados. Turbotax for 2011 tax year Declaración de, Cómo declarar el canje. Turbotax for 2011 tax year Definición de, Qué es una Venta o Canje Formulario 8824 para declarar, Cómo declarar el canje. Turbotax for 2011 tax year Intercambio de bienes del mismo tipo, Intercambio de bienes del mismo tipo. Turbotax for 2011 tax year Intercambio parcialmente no sujeto a impuestos, Intercambios parcialmente no sujetos a impuestos. Turbotax for 2011 tax year , Intercambio parcialmente no sujeto a impuestos. Turbotax for 2011 tax year Intercambio sujeto a impuestos, definición de, Intercambios Sujetos a Impuestos Intercambios de bienes similares, Intercambios de Bienes del Mismo Tipo Intercambios no sujetos a impuestos, Intercambios no Sujetos a Impuestos Intercambios no sujetos a impuestos: Período de tenencia, determinación de, Canjes no sujetos a impuestos. Turbotax for 2011 tax year Canjes comerciales no sujetos a impuestos (see Intercambios exentos de impuestos) Canjes no sujetos a impuestos (see Intercambios exentos de impuestos) Intercambios no sujetos a impustos, Canjes no Sujetos a Impuestos Cantidades trasladadas a un ejercicio anterior Créditos tributarios comerciales trasladados a un ejercicio anterior, Excepciones para tipos especiales de reembolso. Turbotax for 2011 tax year Cantidades trasladadas al año siguiente Donaciones caritativas, cuando la deducción sobrepasa los límites del ingreso bruto ajustado, Cantidades Trasladadas al Año Siguiente Intereses procedentes de inversiones, Límite sobre la Deducción Pérdida de capital, Ganancias y pérdidas a largo plazo. Turbotax for 2011 tax year , Traslado de pérdida de capital. Turbotax for 2011 tax year Hoja de trabajo, Cálculo de la cantidad trasladada al año siguiente. Turbotax for 2011 tax year Capellanes Ganancias provenientes de un seguro de vida en caso de fallecimiento en cumplimiento del deber, Funcionario de Seguridad Pública Fallecido en el Cumplimiento del Deber Carbón y mineral de hierro, Carbón y mineral de hierro. Turbotax for 2011 tax year Cargos, Cargos y depósitos. Turbotax for 2011 tax year Cargos de afiliación (see tipo específico de organización ) Cargos de custodia, Cargos y Gastos Relacionados con la Inversión Cargos de estacionamiento Estadio deportivo, entretenimiento relacionado con los negocios sujeto al límite del 50%, Gastos incluidos. Turbotax for 2011 tax year Gasto de viaje relacionado con los negocios, Cargos de estacionamiento y peaje. Turbotax for 2011 tax year Gastos para desplazarse diariamente hasta su trabajo, Cargos de estacionamiento. Turbotax for 2011 tax year Cargos de liquidación Transacciones de bienes raíces, Cargos de liquidación. Turbotax for 2011 tax year Cargos de tasación, Cargos de Tasación Bienes donados, Cargos de Tasación No deducibles como intereses, Cantidades cobradas por servicios. Turbotax for 2011 tax year Transacciones de bienes raíces, cuando las exige el prestamista, Cargos de liquidación. Turbotax for 2011 tax year Cargos de tramitación, Cargos de Tramitación por el Uso de una Tarjeta de Crédito o Débito Cargos por cuidado de vida Pagados a una casa de retiro y designados para cuidado médico, posibilidad de deducir, Tabla 21-1. Turbotax for 2011 tax year Lista de Gastos Médicos y Dentales. Turbotax for 2011 tax year Vea la Publicación 502 para más información sobre estos gastos, entre otros. Turbotax for 2011 tax year Cargos por emisión de cheques, Cargos por Emisión de Cheques de Cuenta Personal Cargos por estacionamiento Beneficio marginal provisto por el empleador Exclusión de los ingresos, Transporte Viajes para propósitos médicos, Gastos de automóvil. Turbotax for 2011 tax year Cargos por financiamiento Tarjetas de crédito, contratos de venta al por menor a plazos, etc. Turbotax for 2011 tax year , no deducibles, Intereses Personales Cargos por licencias Posibilidad de deducir, Impuestos y Cargos que no Puede Deducir Si no se pueden deducir, Lista de Gastos no Deducibles Cargos por servicios, Cargos Administrativos de los Planes de Reinversión de Dividendos Posibilidad de deducir, Cantidades que No Puede Deducir Tratados por el empleador como salario en vez de ingresos de propinas, Cargos por servicios. Turbotax for 2011 tax year Cargos por servicios de notario, Notario público. Turbotax for 2011 tax year No deducibles como intereses, Cantidades cobradas por servicios. Turbotax for 2011 tax year Carteros rurales, Carteros rurales. Turbotax for 2011 tax year Casado que presenta por separado Deducción por matrícula y, Quién No Puede Reclamar la Deducción Casado que presenta una declaración conjunta, Requisito 4. Turbotax for 2011 tax year Tiene que Ser Ciudadano o Extranjero Residente de los Estados Unidos Durante Todo el Año Casados que presentan la declaración por separado, Casados que Presentan la Declaración por Separado, Cómo presentar la declaración. Turbotax for 2011 tax year , Reglas Especiales, Requisito 3. Turbotax for 2011 tax year Su Estado Civil para Efectos de la Declaración no Puede Ser Casado que Presenta la Declaración por Separado Beneficios del Seguro Social y de jubilación para empleados ferroviarios, Beneficios no sujetos a impuestos. Turbotax for 2011 tax year Cómo presentar la declaración, Cómo presentar la declaración. Turbotax for 2011 tax year Crédito por ingreso del trabajo, Reglas Especiales Créditos, trato de, Reglas Especiales Declaración conjunta del impuesto estatal y local sobre el ingreso presentada, pero declaraciones separadas del impuesto federal sobre el ingreso, Declaraciones conjuntas estatales y locales. Turbotax for 2011 tax year Deducción de intereses sobre un préstamo de estudios, ¿Puede Reclamar la Deducción? Deducción por matrícula y, Deducción por Matrícula y Cuotas Escolares Deducciones Si cambia del método de las deducciones detalladas a otro, o viceversa, Personas casadas que presentan la declaración por separado. Turbotax for 2011 tax year Trato de, Reglas Especiales Deducciones detalladas, Reglas Especiales, Personas casadas que presentan la declaración por separado. Turbotax for 2011 tax year Uno de los cónyuges detalla las deducciones, por lo tanto, el otro debe detallarlas también, Personas que no reúnen los requisitos para la deducción estándar. Turbotax for 2011 tax year Estados donde rige la ley de los bienes gananciales, Estados donde rige la ley de los bienes gananciales. Turbotax for 2011 tax year Gastos médicos y dentales, Declaraciones por separado. Turbotax for 2011 tax year Impuestos estatales y locales sobre los ingresos, Declaraciones federales separadas. Turbotax for 2011 tax year Propiedad conyugal, asignación de impuestos sobre bienes raíces, Tenencia en su totalidad. Turbotax for 2011 tax year Reinversiones, Reglas Especiales Traslado de pérdida de capital, Declaraciones conjuntas y separadas. Turbotax for 2011 tax year Casas de alojamiento, Unidad habitable. Turbotax for 2011 tax year Casas de vacaciones Cómo determinar si se usa como vivienda, Ejemplos. Turbotax for 2011 tax year Gastos de alquiler, Uso Personal de una Unidad Habitable (Incluyendo una Casa de Vacaciones), Cómo Dividir los Gastos, Unidad Habitable Usada como Vivienda Puntos, Deducción Permitida en el Año del Pago Caudales hereditarios, Ingresos de herencias y de fideicomisos. Turbotax for 2011 tax year , Bienes heredados de una persona que falleció en el año 2010. Turbotax for 2011 tax year (see also Beneficiarios de caudales hereditarios) (see also Herencia) Impuesto, Impuestos y Cargos que no Puede Deducir, Impuesto Federal sobre la Herencia Atribuible a los Ingresos de un Difunto (see also Impuesto sobre caudales hereditarios) Anualidad de sobreviviente, Deducción del impuesto sobre la herencia. Turbotax for 2011 tax year Ingresos, Ingresos de herencias y de fideicomisos. Turbotax for 2011 tax year Intereses procedentes de inversiones, Socios, accionistas y beneficiarios. Turbotax for 2011 tax year Cementerios Donaciones caritativas hechas a, Tipos de Organizaciones Calificadas Centro de Ayuda al Contribuyente, Recordatorios Centros de rehabilitación para la adicción a alcohol Posibilidad de deducir como gasto médico, Tabla 21-1. Turbotax for 2011 tax year Lista de Gastos Médicos y Dentales. Turbotax for 2011 tax year Vea la Publicación 502 para más información sobre estos gastos, entre otros. Turbotax for 2011 tax year Centros de rehabilitación para la adicción a drogas o alcohol Posibilidad de deducir como gasto médico, Tabla 21-1. Turbotax for 2011 tax year Lista de Gastos Médicos y Dentales. Turbotax for 2011 tax year Vea la Publicación 502 para más información sobre estos gastos, entre otros. Turbotax for 2011 tax year Certificación firmada por un médico, Total y permanentemente incapacitado. Turbotax for 2011 tax year Certificado de crédito hipotecario (MCC, por sus siglas en inglés), Quién reúne los requisitos. Turbotax for 2011 tax year Certificado de dividendo diferido, Certificado de dividendo diferido. Turbotax for 2011 tax year Certificados de depósito (CD), Certificados de depósito. Turbotax for 2011 tax year , Arreglos de Ahorros para la Jubilación (Arreglos IRA) (see also Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés)) Certificados del mercado monetario, Certificados de depósito y otras cuentas de intereses diferidos. Turbotax for 2011 tax year Chantaje Pérdidas debido a, Robo Cheques Cheques cancelados como pruebas de gastos de viaje, Cheque cancelado. Turbotax for 2011 tax year Como donaciones caritativas, Cheques. Turbotax for 2011 tax year Recibo implícito de, Cheque recibido o disponible. Turbotax for 2011 tax year Choferes con comisión Deducción de gastos, Empleados estatutarios. Turbotax for 2011 tax year Cirugía estética No deducible como gasto médico, Tabla 21-1. Turbotax for 2011 tax year Lista de Gastos Médicos y Dentales. Turbotax for 2011 tax year Vea la Publicación 502 para más información sobre estos gastos, entre otros. Turbotax for 2011 tax year Cirugía ocular Posibilidad de deducir como gasto médico, Tabla 21-1. Turbotax for 2011 tax year Lista de Gastos Médicos y Dentales. Turbotax for 2011 tax year Vea la Publicación 502 para más información sobre estos gastos, entre otros. Turbotax for 2011 tax year Cirugía optativa No deducible como gasto médico, Tabla 21-1. Turbotax for 2011 tax year Lista de Gastos Médicos y Dentales. Turbotax for 2011 tax year Vea la Publicación 502 para más información sobre estos gastos, entre otros. Turbotax for 2011 tax year Cirugía plástica No deducible como gasto médico cuando estética, Tabla 21-1. Turbotax for 2011 tax year Lista de Gastos Médicos y Dentales. Turbotax for 2011 tax year Vea la Publicación 502 para más información sobre estos gastos, entre otros. Turbotax for 2011 tax year Ciudadano de los Estados Unidos Crédito por ingreso del trabajo, Requisito 4. Turbotax for 2011 tax year Tiene que Ser Ciudadano o Extranjero Residente de los Estados Unidos Durante Todo el Año Ciudadano en reserva militar Aportaciones de cantidad igual, Aportaciones de cantidades iguales a las recibidas como ciudadano en reserva militar que reúna los requisitos. Turbotax for 2011 tax year Arreglos de ahorros para la jubilación (IRA, por sus siglas en inglés), Ciudadano en reserva militar. Turbotax for 2011 tax year Deducción por gasto de transporte, Personal en Reserva de las Fuerzas Armadas. Turbotax for 2011 tax year Ciudadano o residente de los Estados Unidos, Requisito de Ciudadanía o Residencia Ciudadanos estadounidenses que viven en el extranjero, Ciudadanos de los Estados Unidos y Residentes Extranjeros que Viven Fuera de los Estados Unidos (see also Ciudadanos fuera de los EE. Turbotax for 2011 tax year UU. Turbotax for 2011 tax year ) Empleo (see Empleo en el extranjero) Ciudadanos fuera de los EE. Turbotax for 2011 tax year UU. Turbotax for 2011 tax year Empleo (see Empleo en el extranjero) Exclusión del ingreso del trabajo, Recordatorios Prórroga del plazo para presentar la declaración, Individuos/Personas Físicas Fuera de los Estados Unidos Requisitos para la presentación de la declaración, Ciudadanos de los Estados Unidos y Residentes Extranjeros que Viven Fuera de los Estados Unidos Retención de distribuciones de un arreglo IRA , Distribuciones de un arreglo IRA enviadas fuera de los Estados Unidos. Turbotax for 2011 tax year Viajes por motivo de negocio fuera de los EE. Turbotax for 2011 tax year UU. Turbotax for 2011 tax year , Viajes Fuera de los Estados Unidos, Viaje Principalmente por Motivo de Negocios, Viajes Principalmente por Motivos Personales Asignación estándar para comidas, Asignación estándar de comidas para zonas fuera de los Estados Unidos continentales. Turbotax for 2011 tax year Personas que trabajan por cuenta propia, Excepción 1 − Ningún control sustancial. Turbotax for 2011 tax year Clero, Ministros de una orden religiosa. Turbotax for 2011 tax year Dineros del seguro de vida cuando el capellán muere en cumplimiento del deber, Funcionario de Seguridad Pública Fallecido en el Cumplimiento del Deber Donaciones que se pueden gastar a gusto suyo, no una donación caritativa deducible, Donaciones Hechas a Personas Físicas Pensiones, Pensión. Turbotax for 2011 tax year Reglas especiales relativas a los ingresos, Clero Vivienda, Clero Impuestos sobre bienes raíces al recibir asignación para la vivienda, Asignaciones para la vivienda para ministros de una orden religiosa y personal militar. Turbotax for 2011 tax year Impuestos sobre bienes raíces al recibir subsidio de vivienda, Subsidio de vivienda para ministros de la iglesia y personal militar. Turbotax for 2011 tax year Clientes, Gastos de Comidas y Gastos Imprevistos, Gastos de Entretenimiento (see also Gastos de entretenimiento) Gastos de viaje de, pagar, Asociado comercial. Turbotax for 2011 tax year Viajes por motivo de negocio para visitar a, Gastos de Transporte Clubes de golf (see Clubes sociales (country clubs) ) Clubes de nocturno Cargos de admisión, límite del 50% sobre la deducción, Gastos incluidos. Turbotax for 2011 tax year Clubes sociales Cuotas Deducción caritativa no permitida, Tabla 24-1. Turbotax for 2011 tax year Ejemplo
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Turbotax for 2011 tax year Publication 525 - Main Content Table of Contents Employee CompensationBabysitting. Turbotax for 2011 tax year Miscellaneous Compensation Fringe Benefits Retirement Plan Contributions Stock Options Restricted Property Special Rules for Certain EmployeesClergy Members of Religious Orders Foreign Employer Military Volunteers Business and Investment IncomeRents From Personal Property Royalties Partnership Income S Corporation Income Sickness and Injury BenefitsDisability Pensions Long-Term Care Insurance Contracts Workers' Compensation Other Sickness and Injury Benefits Miscellaneous IncomeBartering Canceled Debts Host or Hostess Life Insurance Proceeds Recoveries Survivor Benefits Unemployment Benefits Welfare and Other Public Assistance Benefits Other Income RepaymentsMethod 1. Turbotax for 2011 tax year Method 2. Turbotax for 2011 tax year How To Get Tax HelpLow Income Taxpayer Clinics Employee Compensation In most cases, you must include in gross income everything you receive in payment for personal services. Turbotax for 2011 tax year In addition to wages, salaries, commissions, fees, and tips, this includes other forms of compensation such as fringe benefits and stock options. Turbotax for 2011 tax year You should receive a Form W-2 from your employer or former employer showing the pay you received for your services. Turbotax for 2011 tax year Include all your pay on line 7 of Form 1040 or Form 1040A or on line 1 of Form 1040EZ, even if you do not receive Form W-2, or you receive a Form W-2 that does not include all pay that should be included on the Form W-2. Turbotax for 2011 tax year If you performed services, other than as an independent contractor, and your employer did not withhold social security and Medicare taxes from your pay, you must file Form 8919, Uncollected Social Security and Medicare Tax on Wages, with your Form 1040. Turbotax for 2011 tax year These wages must be included on line 7 of Form 1040. Turbotax for 2011 tax year See Form 8919 for more information. Turbotax for 2011 tax year Childcare providers. Turbotax for 2011 tax year   If you provide childcare, either in the child's home or in your home or other place of business, the pay you receive must be included in your income. Turbotax for 2011 tax year If you are not an employee, you are probably self-employed and must include payments for your services on Schedule C (Form 1040), Profit or Loss From Business, or Schedule C-EZ (Form 1040), Net Profit From Business. Turbotax for 2011 tax year You generally are not an employee unless you are subject to the will and control of the person who employs you as to what you are to do and how you are to do it. Turbotax for 2011 tax year Babysitting. Turbotax for 2011 tax year   If you babysit for relatives or neighborhood children, whether on a regular basis or only periodically, the rules for childcare providers apply to you. Turbotax for 2011 tax year Bankruptcy. Turbotax for 2011 tax year   If you filed for bankruptcy under Chapter 11 of the Bankruptcy Code, you must allocate your wages and withheld income tax. Turbotax for 2011 tax year Your W-2 will show your total wages and withheld income tax for the year. Turbotax for 2011 tax year On your tax return, you report the wages and withheld income tax for the period before you filed for bankruptcy. Turbotax for 2011 tax year Your bankruptcy estate reports the wages and withheld income tax for the period after you filed for bankruptcy. Turbotax for 2011 tax year If you receive other information returns (such as Form 1099-DIV, Dividends and Distributions, or 1099-INT, Interest Income) that report gross income to you, rather than to the bankruptcy estate, you must allocate that income. Turbotax for 2011 tax year   The only exception is for purposes of figuring your self-employment tax, if you are self-employed. Turbotax for 2011 tax year For that purpose, you must take into account all your self-employment income for the year from services performed both before and after the beginning of the case. Turbotax for 2011 tax year   You must file a statement with your income tax return stating you filed a Chapter 11 bankruptcy case. Turbotax for 2011 tax year The statement must show the allocation and describe the method used to make the allocation. Turbotax for 2011 tax year For a sample of this statement and other information, see Notice 2006-83, 2006-40 I. Turbotax for 2011 tax year R. Turbotax for 2011 tax year B. Turbotax for 2011 tax year 596, available at www. Turbotax for 2011 tax year irs. Turbotax for 2011 tax year gov/irb/2006-40_IRB/ar12. Turbotax for 2011 tax year html. Turbotax for 2011 tax year Miscellaneous Compensation This section discusses many types of employee compensation. Turbotax for 2011 tax year The subjects are arranged in alphabetical order. Turbotax for 2011 tax year Advance commissions and other earnings. Turbotax for 2011 tax year   If you receive advance commissions or other amounts for services to be performed in the future and you are a cash-method taxpayer, you must include these amounts in your income in the year you receive them. Turbotax for 2011 tax year    If you repay unearned commissions or other amounts in the same year you receive them, reduce the amount included in your income by the repayment. Turbotax for 2011 tax year If you repay them in a later tax year, you can deduct the repayment as an itemized deduction on your Schedule A (Form 1040), Itemized Deductions, or you may be able to take a credit for that year. Turbotax for 2011 tax year See Repayments , later. Turbotax for 2011 tax year Allowances and reimbursements. Turbotax for 2011 tax year    If you receive travel, transportation, or other business expense allowances or reimbursements from your employer, see Publication 463, Travel, Entertainment, Gift, and Car Expenses. Turbotax for 2011 tax year If you are reimbursed for moving expenses, see Publication 521, Moving Expenses. Turbotax for 2011 tax year Back pay awards. Turbotax for 2011 tax year   Include in income amounts you are awarded in a settlement or judgment for back pay. Turbotax for 2011 tax year These include payments made to you for damages, unpaid life insurance premiums, and unpaid health insurance premiums. Turbotax for 2011 tax year They should be reported to you by your employer on Form W-2. Turbotax for 2011 tax year Bonuses and awards. Turbotax for 2011 tax year    Bonuses or awards you receive for outstanding work are included in your income and should be shown on your Form W-2. Turbotax for 2011 tax year These include prizes such as vacation trips for meeting sales goals. Turbotax for 2011 tax year If the prize or award you receive is goods or services, you must include the fair market value of the goods or services in your income. Turbotax for 2011 tax year However, if your employer merely promises to pay you a bonus or award at some future time, it is not taxable until you receive it or it is made available to you. Turbotax for 2011 tax year Employee achievement award. Turbotax for 2011 tax year   If you receive tangible personal property (other than cash, a gift certificate, or an equivalent item) as an award for length of service or safety achievement, you generally can exclude its value from your income. Turbotax for 2011 tax year However, the amount you can exclude is limited to your employer's cost and cannot be more than $1,600 ($400 for awards that are not qualified plan awards) for all such awards you receive during the year. Turbotax for 2011 tax year Your employer can tell you whether your award is a qualified plan award. Turbotax for 2011 tax year Your employer must make the award as part of a meaningful presentation, under conditions and circumstances that do not create a significant likelihood of it being disguised pay. Turbotax for 2011 tax year   However, the exclusion does not apply to the following awards. Turbotax for 2011 tax year A length-of-service award if you received it for less than 5 years of service or if you received another length-of-service award during the year or the previous 4 years. Turbotax for 2011 tax year A safety achievement award if you are a manager, administrator, clerical employee, or other professional employee or if more than 10% of eligible employees previously received safety achievement awards during the year. Turbotax for 2011 tax year Example. Turbotax for 2011 tax year Ben Green received three employee achievement awards during the year: a nonqualified plan award of a watch valued at $250, and two qualified plan awards of a stereo valued at $1,000 and a set of golf clubs valued at $500. Turbotax for 2011 tax year Assuming that the requirements for qualified plan awards are otherwise satisfied, each award by itself would be excluded from income. Turbotax for 2011 tax year However, because the $1,750 total value of the awards is more than $1,600, Ben must include $150 ($1,750 − $1,600) in his income. Turbotax for 2011 tax year Differential wage payments. Turbotax for 2011 tax year   This is any payment made by an employer to an individual for any period during which the individual is, for a period of more than 30 days, an active duty member of the uniformed services and represents all or a portion of the wages the individual would have received from the employer for that period. Turbotax for 2011 tax year These payments are treated as wages and are subject to income tax withholding, but not FICA or FUTA taxes. Turbotax for 2011 tax year The payments are reported as wages on Form W-2. Turbotax for 2011 tax year Government cost-of-living allowances. Turbotax for 2011 tax year   Most payments received by U. Turbotax for 2011 tax year S. Turbotax for 2011 tax year Government civilian employees for working abroad are taxable. Turbotax for 2011 tax year However, certain cost-of-living allowances are tax free. Turbotax for 2011 tax year Publication 516, U. Turbotax for 2011 tax year S. Turbotax for 2011 tax year Government Civilian Employees Stationed Abroad, explains the tax treatment of allowances, differentials, and other special pay you receive for employment abroad. Turbotax for 2011 tax year Nonqualified deferred compensation plans. Turbotax for 2011 tax year   Your employer will report to you the total amount of deferrals for the year under a nonqualified deferred compensation plan. Turbotax for 2011 tax year This amount is shown on Form W-2, box 12, using code Y. Turbotax for 2011 tax year This amount is not included in your income. Turbotax for 2011 tax year   However, if at any time during the tax year, the plan fails to meet certain requirements, or is not operated under those requirements, all amounts deferred under the plan for the tax year and all preceding tax years are included in your income for the current year. Turbotax for 2011 tax year This amount is included in your wages shown on Form W-2, box 1. Turbotax for 2011 tax year It is also shown on Form W-2, box 12, using code Z. Turbotax for 2011 tax year Nonqualified deferred compensation plans of nonqualified entities. Turbotax for 2011 tax year   In most cases, any compensation deferred under a nonqualified deferred compensation plan of a nonqualified entity is included in gross income when there is no substantial risk of forfeiture of the rights to such compensation. Turbotax for 2011 tax year For this purpose, a nonqualified entity is: A foreign corporation unless substantially all of its income is: Effectively connected with the conduct of a trade or business in the United States, or Subject to a comprehensive foreign income tax. Turbotax for 2011 tax year A partnership unless substantially all of its income is allocated to persons other than: Foreign persons for whom the income is not subject to a comprehensive foreign income tax, and Tax-exempt organizations. Turbotax for 2011 tax year Note received for services. Turbotax for 2011 tax year   If your employer gives you a secured note as payment for your services, you must include the fair market value (usually the discount value) of the note in your income for the year you receive it. Turbotax for 2011 tax year When you later receive payments on the note, a proportionate part of each payment is the recovery of the fair market value that you previously included in your income. Turbotax for 2011 tax year Do not include that part again in your income. Turbotax for 2011 tax year Include the rest of the payment in your income in the year of payment. Turbotax for 2011 tax year   If your employer gives you a nonnegotiable unsecured note as payment for your services, payments on the note that are credited toward the principal amount of the note are compensation income when you receive them. Turbotax for 2011 tax year Severance pay. Turbotax for 2011 tax year   You must include in income amounts you receive as severance pay and any payment for the cancellation of your employment contract. Turbotax for 2011 tax year Accrued leave payment. Turbotax for 2011 tax year   If you are a federal employee and receive a lump-sum payment for accrued annual leave when you retire or resign, this amount will be included as wages on your Form W-2. Turbotax for 2011 tax year   If you resign from one agency and are reemployed by another agency, you may have to repay part of your lump-sum annual leave payment to the second agency. Turbotax for 2011 tax year You can reduce gross wages by the amount you repaid in the same tax year in which you received it. Turbotax for 2011 tax year Attach to your tax return a copy of the receipt or statement given to you by the agency you repaid to explain the difference between the wages on your return and the wages on your Forms W-2. Turbotax for 2011 tax year Outplacement services. Turbotax for 2011 tax year   If you choose to accept a reduced amount of severance pay so that you can receive outplacement services (such as training in résumé writing and interview techniques), you must include the unreduced amount of the severance pay in income. Turbotax for 2011 tax year    However, you can deduct the value of these outplacement services (up to the difference between the severance pay included in income and the amount actually received) as a miscellaneous deduction (subject to the 2%-of-adjusted-gross-income (AGI) limit) on Schedule A (Form 1040). Turbotax for 2011 tax year Sick pay. Turbotax for 2011 tax year   Pay you receive from your employer while you are sick or injured is part of your salary or wages. Turbotax for 2011 tax year In addition, you must include in your income sick pay benefits received from any of the following payers. Turbotax for 2011 tax year A welfare fund. Turbotax for 2011 tax year A state sickness or disability fund. Turbotax for 2011 tax year An association of employers or employees. Turbotax for 2011 tax year An insurance company, if your employer paid for the plan. Turbotax for 2011 tax year However, if you paid the premiums on an accident or health insurance policy, the benefits you receive under the policy are not taxable. Turbotax for 2011 tax year For more information, see Other Sickness and Injury Benefits under Sickness and Injury Benefits, later. Turbotax for 2011 tax year Social security and Medicare taxes paid by employer. Turbotax for 2011 tax year   If you and your employer have an agreement that your employer pays your social security and Medicare taxes without deducting them from your gross wages, you must report the amount of tax paid for you as taxable wages on your tax return. Turbotax for 2011 tax year The payment is also treated as wages for figuring your social security and Medicare taxes and your social security and Medicare benefits. Turbotax for 2011 tax year However, these payments are not treated as social security and Medicare wages if you are a household worker or a farm worker. Turbotax for 2011 tax year Stock appreciation rights. Turbotax for 2011 tax year   Do not include a stock appreciation right granted by your employer in income until you exercise (use) the right. Turbotax for 2011 tax year When you use the right, you are entitled to a cash payment equal to the fair market value of the corporation's stock on the date of use minus the fair market value on the date the right was granted. Turbotax for 2011 tax year You include the cash payment in income in the year you use the right. Turbotax for 2011 tax year Fringe Benefits Fringe benefits received in connection with the performance of your services are included in your income as compensation unless you pay fair market value for them or they are specifically excluded by law. Turbotax for 2011 tax year Abstaining from the performance of services (for example, under a covenant not to compete) is treated as the performance of services for purposes of these rules. Turbotax for 2011 tax year See Valuation of Fringe Benefits , later in this discussion, for information on how to determine the amount to include in income. Turbotax for 2011 tax year Recipient of fringe benefit. Turbotax for 2011 tax year   You are the recipient of a fringe benefit if you perform the services for which the fringe benefit is provided. Turbotax for 2011 tax year You are considered to be the recipient even if it is given to another person, such as a member of your family. Turbotax for 2011 tax year An example is a car your employer gives to your spouse for services you perform. Turbotax for 2011 tax year The car is considered to have been provided to you and not to your spouse. Turbotax for 2011 tax year   You do not have to be an employee of the provider to be a recipient of a fringe benefit. Turbotax for 2011 tax year If you are a partner, director, or independent contractor, you also can be the recipient of a fringe benefit. Turbotax for 2011 tax year Provider of benefit. Turbotax for 2011 tax year   Your employer or another person for whom you perform services is the provider of a fringe benefit regardless of whether that person actually provides the fringe benefit to you. Turbotax for 2011 tax year The provider can be a client or customer of an independent contractor. Turbotax for 2011 tax year Accounting period. Turbotax for 2011 tax year   You must use the same accounting period your employer uses to report your taxable noncash fringe benefits. Turbotax for 2011 tax year Your employer has the option to report taxable noncash fringe benefits by using either of the following rules. Turbotax for 2011 tax year The general rule: benefits are reported for a full calendar year (January 1–December 31). Turbotax for 2011 tax year The special accounting period rule: benefits provided during the last 2 months of the calendar year (or any shorter period) are treated as paid during the following calendar year. Turbotax for 2011 tax year For example, each year your employer reports the value of benefits provided during the last 2 months of the prior year and the first 10 months of the current year. Turbotax for 2011 tax year Your employer does not have to use the same accounting period for each fringe benefit, but must use the same period for all employees who receive a particular benefit. Turbotax for 2011 tax year   You must use the same accounting period that you use to report the benefit to claim an employee business deduction (for use of a car, for example). Turbotax for 2011 tax year Form W-2. Turbotax for 2011 tax year   Your employer must include all taxable fringe benefits in box 1 of Form W-2 as wages, tips and other compensation and, if applicable, in boxes 3 and 5 as social security and Medicare wages. Turbotax for 2011 tax year Although not required, your employer may include the total value of fringe benefits in box 14 (or on a separate statement). Turbotax for 2011 tax year However, if your employer provided you with a vehicle and included 100% of its annual lease value in your income, the employer must separately report this value to you in box 14 (or on a separate statement). Turbotax for 2011 tax year Accident or Health Plan In most cases, the value of accident or health plan coverage provided to you by your employer is not included in your income. Turbotax for 2011 tax year Benefits you receive from the plan may be taxable, as explained, later, under Sickness and Injury Benefits . Turbotax for 2011 tax year For information on the items covered in this section, other than Long-term care coverage , see Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans. Turbotax for 2011 tax year Long-term care coverage. Turbotax for 2011 tax year   Contributions by your employer to provide coverage for long-term care services generally are not included in your income. Turbotax for 2011 tax year However, contributions made through a flexible spending or similar arrangement (such as a cafeteria plan) must be included in your income. Turbotax for 2011 tax year This amount will be reported as wages in box 1 of your Form W-2. Turbotax for 2011 tax year Archer MSA contributions. Turbotax for 2011 tax year    Contributions by your employer to your Archer MSA generally are not included in your income. Turbotax for 2011 tax year Their total will be reported in box 12 of Form W-2, with code R. Turbotax for 2011 tax year You must report this amount on Form 8853, Archer MSAs and Long-Term Care Insurance Contracts. Turbotax for 2011 tax year File the form with your return. Turbotax for 2011 tax year Health flexible spending arrangement (health FSA). Turbotax for 2011 tax year   If your employer provides a health FSA that qualifies as an accident or health plan, the amount of your salary reduction, and reimbursements of your medical care expenses, in most cases, are not included in your income. Turbotax for 2011 tax year   Health FSAs are subject to a $2,500 limit on salary reduction contributions for plan years beginning after 2012. Turbotax for 2011 tax year The $2,500 limit is subject to an inflation adjustment for plan years beginning after 2013. Turbotax for 2011 tax year For more information, see Notice 2012-40, 2012-26 I. Turbotax for 2011 tax year R. Turbotax for 2011 tax year B. Turbotax for 2011 tax year 1046, available at www. Turbotax for 2011 tax year irs. Turbotax for 2011 tax year gov/irb/2012-26 IRB/ar09. Turbotax for 2011 tax year html. Turbotax for 2011 tax year Health reimbursement arrangement (HRA). Turbotax for 2011 tax year   If your employer provides an HRA that qualifies as an accident or health plan, coverage and reimbursements of your medical care expenses generally are not included in your income. Turbotax for 2011 tax year Health savings accounts (HSA). Turbotax for 2011 tax year   If you are an eligible individual, you and any other person, including your employer or a family member, can make contributions to your HSA. Turbotax for 2011 tax year Contributions, other than employer contributions, are deductible on your return whether or not you itemize deductions. Turbotax for 2011 tax year Contributions made by your employer are not included in your income. Turbotax for 2011 tax year Distributions from your HSA that are used to pay qualified medical expenses are not included in your income. Turbotax for 2011 tax year Distributions not used for qualified medical expenses are included in your income. Turbotax for 2011 tax year See Publication 969 for the requirements of an HSA. Turbotax for 2011 tax year   Contributions by a partnership to a bona fide partner's HSA are not contributions by an employer. Turbotax for 2011 tax year The contributions are treated as a distribution of money and are not included in the partner's gross income. Turbotax for 2011 tax year Contributions by a partnership to a partner's HSA for services rendered are treated as guaranteed payments that are includible in the partner's gross income. Turbotax for 2011 tax year In both situations, the partner can deduct the contribution made to the partner's HSA. Turbotax for 2011 tax year   Contributions by an S corporation to a 2% shareholder-employee's HSA for services rendered are treated as guaranteed payments and are includible in the shareholder-employee's gross income. Turbotax for 2011 tax year The shareholder-employee can deduct the contribution made to the shareholder-employee's HSA. Turbotax for 2011 tax year Qualified HSA funding distribution. Turbotax for 2011 tax year   You can make a one-time distribution from your individual retirement account (IRA) to an HSA and you generally will not include any of the distribution in your income. Turbotax for 2011 tax year See Publication 590, Individual Retirement Arrangements (IRAs), for the requirements for these qualified HSA funding distributions. Turbotax for 2011 tax year Failure to maintain eligibility. Turbotax for 2011 tax year   If your HSA received qualified HSA distributions from a health FSA or HRA (discussed earlier) or a qualified HSA funding distribution, you must be an eligible individual for HSA purposes for the period beginning with the month in which the qualified distribution was made and ending on the last day of the 12th month following that month. Turbotax for 2011 tax year If you fail to be an eligible individual during this period, other than because of death or disability, you must include the distribution in your income for the tax year in which you become ineligible. Turbotax for 2011 tax year This income is also subject to an additional 10% tax. Turbotax for 2011 tax year Adoption Assistance You may be able to exclude from your income amounts paid or expenses incurred by your employer for qualified adoption expenses in connection with your adoption of an eligible child. Turbotax for 2011 tax year See Instructions for Form 8839, Qualified Adoption Expenses, for more information. Turbotax for 2011 tax year Adoption benefits are reported by your employer in box 12 of Form W-2 with code T. Turbotax for 2011 tax year They also are included as social security and Medicare wages in boxes 3 and 5. Turbotax for 2011 tax year However, they are not included as wages in box 1. Turbotax for 2011 tax year To determine the taxable and nontaxable amounts, you must complete Part III of Form 8839. Turbotax for 2011 tax year File the form with your return. Turbotax for 2011 tax year Athletic Facilities If your employer provides you with the free or low-cost use of an employer-operated gym or other athletic club on your employer's premises, the value is not included in your compensation. Turbotax for 2011 tax year The gym must be used primarily by employees, their spouses, and their dependent children. Turbotax for 2011 tax year If your employer pays for a fitness program provided to you at an off-site resort hotel or athletic club, the value of the program is included in your compensation. Turbotax for 2011 tax year De Minimis (Minimal) Benefits If your employer provides you with a product or service and the cost of it is so small that it would be unreasonable for the employer to account for it, the value is not included in your income. Turbotax for 2011 tax year In most cases, the value of benefits such as discounts at company cafeterias, cab fares home when working overtime, and company picnics are not included in your income. Turbotax for 2011 tax year Also see Employee Discounts , later. Turbotax for 2011 tax year Holiday gifts. Turbotax for 2011 tax year   If your employer gives you a turkey, ham, or other item of nominal value at Christmas or other holidays, do not include the value of the gift in your income. Turbotax for 2011 tax year However, if your employer gives you cash, a gift certificate, or a similar item that you can easily exchange for cash, you include the value of that gift as extra salary or wages regardless of the amount involved. Turbotax for 2011 tax year Dependent Care Benefits If your employer provides dependent care benefits under a qualified plan, you may be able to exclude these benefits from your income. Turbotax for 2011 tax year Dependent care benefits include: Amounts your employer pays directly to either you or your care provider for the care of your qualifying person while you work, and The fair market value of care in a daycare facility provided or sponsored by your employer. Turbotax for 2011 tax year The amount you can exclude is limited to the lesser of: The total amount of dependent care benefits you received during the year, The total amount of qualified expenses you incurred during the year, Your earned income, Your spouse's earned income, or $5,000 ($2,500 if married filing separately). Turbotax for 2011 tax year Your employer must show the total amount of dependent care benefits provided to you during the year under a qualified plan in box 10 of your Form W-2. Turbotax for 2011 tax year Your employer also will include any dependent care benefits over $5,000 in your wages shown in box 1 of your Form W-2. Turbotax for 2011 tax year To claim the exclusion, you must complete Part III of Form 2441, Child and Dependent Care Expenses. Turbotax for 2011 tax year See the Instructions for Form 2441 for more information. Turbotax for 2011 tax year Educational Assistance You can exclude from your income up to $5,250 of qualified employer-provided educational assistance. Turbotax for 2011 tax year For more information, see Publication 970. Turbotax for 2011 tax year Employee Discounts If your employer sells you property or services at a discount, you may be able to exclude the amount of the discount from your income. Turbotax for 2011 tax year The exclusion applies to discounts on property or services offered to customers in the ordinary course of the line of business in which you work. Turbotax for 2011 tax year However, it does not apply to discounts on real property or property commonly held for investment (such as stocks or bonds). Turbotax for 2011 tax year The exclusion is limited to the price charged nonemployee customers multiplied by the following percentage. Turbotax for 2011 tax year For a discount on property, your employer's gross profit percentage (gross profit divided by gross sales) on all property sold during the employer's previous tax year. Turbotax for 2011 tax year (Ask your employer for this percentage. Turbotax for 2011 tax year ) For a discount on services, 20%. Turbotax for 2011 tax year Financial Counseling Fees Financial counseling fees paid for you by your employer are included in your income and must be reported as part of wages. Turbotax for 2011 tax year If the fees are for tax or investment counseling, they can be deducted on Schedule A (Form 1040) as a miscellaneous deduction (subject to the 2%-of-AGI limit). Turbotax for 2011 tax year Qualified retirement planning services paid for you by your employer may be excluded from your income. Turbotax for 2011 tax year For more information, see Retirement Planning Services , later. Turbotax for 2011 tax year Group-Term Life Insurance In most cases, the cost of up to $50,000 of group-term life insurance coverage provided to you by your employer (or former employer) is not included in your income. Turbotax for 2011 tax year However, you must include in income the cost of employer-provided insurance that is more than the cost of $50,000 of coverage reduced by any amount you pay toward the purchase of the insurance. Turbotax for 2011 tax year For exceptions to this rule, see Entire cost excluded , and Entire cost taxed , later. Turbotax for 2011 tax year If your employer provided more than $50,000 of coverage, the amount included in your income is reported as part of your wages in box 1 of your Form W-2. Turbotax for 2011 tax year Also, it is shown separately in box 12 with code C. Turbotax for 2011 tax year Group-term life insurance. Turbotax for 2011 tax year   This insurance is term life insurance protection (insurance for a fixed period of time) that: Provides a general death benefit, Is provided to a group of employees, Is provided under a policy carried by the employer, and Provides an amount of insurance to each employee based on a formula that prevents individual selection. Turbotax for 2011 tax year Permanent benefits. Turbotax for 2011 tax year   If your group-term life insurance policy includes permanent benefits, such as a paid-up or cash surrender value, you must include in your income, as wages, the cost of the permanent benefits minus the amount you pay for them. Turbotax for 2011 tax year Your employer should be able to tell you the amount to include in your income. Turbotax for 2011 tax year Accidental death benefits. Turbotax for 2011 tax year   Insurance that provides accidental or other death benefits but does not provide general death benefits (travel insurance, for example) is not group-term life insurance. Turbotax for 2011 tax year Former employer. Turbotax for 2011 tax year   If your former employer provided more than $50,000 of group-term life insurance coverage during the year, the amount included in your income is reported as wages in box 1 of Form W-2. Turbotax for 2011 tax year Also, it is shown separately in box 12 with code C. Turbotax for 2011 tax year Box 12 also will show the amount of uncollected social security and Medicare taxes on the excess coverage, with codes M and N. Turbotax for 2011 tax year You must pay these taxes with your income tax return. Turbotax for 2011 tax year Include them on line 60, Form 1040, and follow the instructions forline 60. Turbotax for 2011 tax year For more information, see the Instructions for Form 1040. Turbotax for 2011 tax year Two or more employers. Turbotax for 2011 tax year   Your exclusion for employer-provided group-term life insurance coverage cannot exceed the cost of $50,000 of coverage, whether the insurance is provided by a single employer or multiple employers. Turbotax for 2011 tax year If two or more employers provide insurance coverage that totals more than $50,000, the amounts reported as wages on your Forms W-2 will not be correct. Turbotax for 2011 tax year You must figure how much to include in your income. Turbotax for 2011 tax year Reduce the amount you figure by any amount reported with code C in box 12 of your Forms W-2, add the result to the wages reported in box 1, and report the total on your return. Turbotax for 2011 tax year Figuring the taxable cost. Turbotax for 2011 tax year    Use the following worksheet to figure the amount to include in your income. Turbotax for 2011 tax year   If you pay any part of the cost of the insurance, your entire payment reduces, dollar for dollar, the amount you otherwise would include in your income. Turbotax for 2011 tax year However, you cannot reduce the amount to include in your income by: Payments for coverage in a different tax year, Payments for coverage through a cafeteria plan, unless the payments are after-tax contributions, or Payments for coverage not taxed to you because of the exceptions discussed later under Entire cost excluded . Turbotax for 2011 tax year Worksheet 1. Turbotax for 2011 tax year Figuring the Cost of Group-Term Life Insurance To Include in Income 1. Turbotax for 2011 tax year Enter the total amount of your insurance coverage from your employer(s) 1. Turbotax for 2011 tax year   2. Turbotax for 2011 tax year Limit on exclusion for employer-provided group-term life insurance coverage 2. Turbotax for 2011 tax year 50,000 3. Turbotax for 2011 tax year Subtract line 2 from line 1 3. Turbotax for 2011 tax year   4. Turbotax for 2011 tax year Divide line 3 by $1,000. Turbotax for 2011 tax year Figure to the nearest tenth 4. Turbotax for 2011 tax year   5. Turbotax for 2011 tax year Go to Table 1. Turbotax for 2011 tax year Using your age on the last day of the tax year, find your age group in the left column, and enter the cost from the column on the right for your age group 5. Turbotax for 2011 tax year   6. Turbotax for 2011 tax year Multiply line 4 by line 5 6. Turbotax for 2011 tax year     7. Turbotax for 2011 tax year Enter the number of full months of coverage at this cost 7. Turbotax for 2011 tax year   8. Turbotax for 2011 tax year Multiply line 6 by line 7 8. Turbotax for 2011 tax year   9. Turbotax for 2011 tax year Enter the premiums you paid per month 9. Turbotax for 2011 tax year       10. Turbotax for 2011 tax year Enter the number of months you paid the  premiums 10. Turbotax for 2011 tax year       11. Turbotax for 2011 tax year Multiply line 9 by line 10. Turbotax for 2011 tax year 11. Turbotax for 2011 tax year   12. Turbotax for 2011 tax year Subtract line 11 from line 8. Turbotax for 2011 tax year Include this amount in your income as wages 12. Turbotax for 2011 tax year   Table 1. Turbotax for 2011 tax year Cost of $1,000 of Group-Term Life Insurance for One Month   Age Cost     Under 25 $ . Turbotax for 2011 tax year 05     25 through 29 . Turbotax for 2011 tax year 06     30 through 34 . Turbotax for 2011 tax year 08     35 through 39 . Turbotax for 2011 tax year 09     40 through 44 . Turbotax for 2011 tax year 10     45 through 49 . Turbotax for 2011 tax year 15     50 through 54 . Turbotax for 2011 tax year 23     55 through 59 . Turbotax for 2011 tax year 43     60 through 64 . Turbotax for 2011 tax year 66     65 through 69 1. Turbotax for 2011 tax year 27     70 and older 2. Turbotax for 2011 tax year 06   Example. Turbotax for 2011 tax year You are 51 years old and work for employers A and B. Turbotax for 2011 tax year Both employers provide group-term life insurance coverage for you for the entire year. Turbotax for 2011 tax year Your coverage is $35,000 with employer A and $45,000 with employer B. Turbotax for 2011 tax year You pay premiums of $4. Turbotax for 2011 tax year 15 a month under the employer B group plan. Turbotax for 2011 tax year You figure the amount to include in your income as follows. Turbotax for 2011 tax year   Worksheet 1. Turbotax for 2011 tax year Figuring the Cost of Group-Term Life Insurance To Include in Income—Illustrated 1. Turbotax for 2011 tax year Enter the total amount of your insurance coverage from your employer(s) 1. Turbotax for 2011 tax year 80,000 2. Turbotax for 2011 tax year Limit on exclusion for employer-provided group-term life insurance coverage 2. Turbotax for 2011 tax year 50,000 3. Turbotax for 2011 tax year Subtract line 2 from line 1 3. Turbotax for 2011 tax year 30,000 4. Turbotax for 2011 tax year Divide line 3 by $1,000. Turbotax for 2011 tax year Figure to the nearest tenth 4. Turbotax for 2011 tax year 30. Turbotax for 2011 tax year 0 5. Turbotax for 2011 tax year Go to Table 1. Turbotax for 2011 tax year Using your age on the last day of the tax year, find your age group in the left column, and enter the cost from the column on the right for your age group 5. Turbotax for 2011 tax year . Turbotax for 2011 tax year 23 6. Turbotax for 2011 tax year Multiply line 4 by line 5 6. Turbotax for 2011 tax year 6. Turbotax for 2011 tax year 90 7. Turbotax for 2011 tax year Enter the number of full months of coverage at this cost. Turbotax for 2011 tax year 7. Turbotax for 2011 tax year 12 8. Turbotax for 2011 tax year Multiply line 6 by line 7 8. Turbotax for 2011 tax year 82. Turbotax for 2011 tax year 80 9. Turbotax for 2011 tax year Enter the premiums you paid per month 9. Turbotax for 2011 tax year 4. Turbotax for 2011 tax year 15     10. Turbotax for 2011 tax year Enter the number of months you paid the premiums 10. Turbotax for 2011 tax year 12     11. Turbotax for 2011 tax year Multiply line 9 by line 10. Turbotax for 2011 tax year 11. Turbotax for 2011 tax year 49. Turbotax for 2011 tax year 80 12. Turbotax for 2011 tax year Subtract line 11 from line 8. Turbotax for 2011 tax year Include this amount in your income as wages 12. Turbotax for 2011 tax year 33. Turbotax for 2011 tax year 00 The total amount to include in income for the cost of excess group-term life insurance is $33. Turbotax for 2011 tax year Neither employer provided over $50,000 insurance coverage, so the wages shown on your Forms W-2 do not include any part of that $33. Turbotax for 2011 tax year You must add it to the wages shown on your Forms W-2 and include the total on your return. Turbotax for 2011 tax year Entire cost excluded. Turbotax for 2011 tax year   You are not taxed on the cost of group-term life insurance if any of the following circumstances apply. Turbotax for 2011 tax year You are permanently and totally disabled and have ended your employment. Turbotax for 2011 tax year Your employer is the beneficiary of the policy for the entire period the insurance is in force during the tax year. Turbotax for 2011 tax year A charitable organization to which contributions are deductible is the only beneficiary of the policy for the entire period the insurance is in force during the tax year. Turbotax for 2011 tax year (You are not entitled to a deduction for a charitable contribution for naming a charitable organization as the beneficiary of your policy. Turbotax for 2011 tax year ) The plan existed on January 1, 1984, and: You retired before January 2, 1984, and were covered by the plan when you retired, or You reached age 55 before January 2, 1984, and were employed by the employer or its predecessor in 1983. Turbotax for 2011 tax year Entire cost taxed. Turbotax for 2011 tax year   You are taxed on the entire cost of group-term life insurance if either of the following circumstances apply. Turbotax for 2011 tax year The insurance is provided by your employer through a qualified employees' trust, such as a pension trust or a qualified annuity plan. Turbotax for 2011 tax year You are a key employee and your employer's plan discriminates in favor of key employees. Turbotax for 2011 tax year Meals and Lodging You do not include in your income the value of meals and lodging provided to you and your family by your employer at no charge if the following conditions are met. Turbotax for 2011 tax year The meals are: Furnished on the business premises of your employer, and Furnished for the convenience of your employer. Turbotax for 2011 tax year The lodging is: Furnished on the business premises of your employer, Furnished for the convenience of your employer, and A condition of your employment. Turbotax for 2011 tax year (You must accept it in order to be able to properly perform your duties. Turbotax for 2011 tax year ) You also do not include in your income the value of meals or meal money that qualifies as a de minimis fringe benefit. Turbotax for 2011 tax year See De Minimis (Minimal) Benefits , earlier. Turbotax for 2011 tax year Faculty lodging. Turbotax for 2011 tax year   If you are an employee of an educational institution or an academic health center and you are provided with lodging that does not meet the three conditions given earlier, you still may not have to include the value of the lodging in income. Turbotax for 2011 tax year However, the lodging must be qualified campus lodging, and you must pay an adequate rent. Turbotax for 2011 tax year Academic health center. Turbotax for 2011 tax year   This is an organization that meets the following conditions. Turbotax for 2011 tax year Its principal purpose or function is to provide medical or hospital care or medical education or research. Turbotax for 2011 tax year It receives payments for graduate medical education under the Social Security Act. Turbotax for 2011 tax year One of its principal purposes or functions is to provide and teach basic and clinical medical science and research using its own faculty. Turbotax for 2011 tax year Qualified campus lodging. Turbotax for 2011 tax year   Qualified campus lodging is lodging furnished to you, your spouse, or one of your dependents by, or on behalf of, the institution or center for use as a home. Turbotax for 2011 tax year The lodging must be located on or near a campus of the educational institution or academic health center. Turbotax for 2011 tax year Adequate rent. Turbotax for 2011 tax year   The amount of rent you pay for the year for qualified campus lodging is considered adequate if it is at least equal to the lesser of: 5% of the appraised value of the lodging, or The average of rentals paid by individuals (other than employees or students) for comparable lodging held for rent by the educational institution. Turbotax for 2011 tax year If the amount you pay is less than the lesser of these amounts, you must include the difference in your income. Turbotax for 2011 tax year   The lodging must be appraised by an independent appraiser and the appraisal must be reviewed on an annual basis. Turbotax for 2011 tax year Example. Turbotax for 2011 tax year Carl Johnson, a sociology professor for State University, rents a home from the university that is qualified campus lodging. Turbotax for 2011 tax year The house is appraised at $200,000. Turbotax for 2011 tax year The average rent paid for comparable university lodging by persons other than employees or students is $14,000 a year. Turbotax for 2011 tax year Carl pays an annual rent of $11,000. Turbotax for 2011 tax year Carl does not include in his income any rental value because the rent he pays equals at least 5% of the appraised value of the house (5% × $200,000 = $10,000). Turbotax for 2011 tax year If Carl paid annual rent of only $8,000, he would have to include $2,000 in his income ($10,000 − $8,000). Turbotax for 2011 tax year Moving Expense Reimbursements In most cases, if your employer pays for your moving expenses (either directly or indirectly) and the expenses would have been deductible if you paid them yourself, the value is not included in your income. Turbotax for 2011 tax year See Publication 521 for more information. Turbotax for 2011 tax year No-Additional-Cost Services The value of services you receive from your employer for free, at cost, or for a reduced price is not included in your income if your employer: Offers the same service for sale to customers in the ordinary course of the line of business in which you work, and Does not have a substantial additional cost (including any sales income given up) to provide you with the service (regardless of what you paid for the service). Turbotax for 2011 tax year In most cases, no-additional-cost services are excess capacity services, such as airline, bus, or train tickets, hotel rooms, and telephone services. Turbotax for 2011 tax year Example. Turbotax for 2011 tax year You are employed as a flight attendant for a company that owns both an airline and a hotel chain. Turbotax for 2011 tax year Your employer allows you to take personal flights (if there is an unoccupied seat) and stay in any one of their hotels (if there is an unoccupied room) at no cost to you. Turbotax for 2011 tax year The value of the personal flight is not included in your income. Turbotax for 2011 tax year However, the value of the hotel room is included in your income because you do not work in the hotel business. Turbotax for 2011 tax year Retirement Planning Services If your employer has a qualified retirement plan, qualified retirement planning services provided to you (and your spouse) by your employer are not included in your income. Turbotax for 2011 tax year Qualified services include retirement planning advice, information about your employer's retirement plan, and information about how the plan may fit into your overall individual retirement income plan. Turbotax for 2011 tax year You cannot exclude the value of any tax preparation, accounting, legal, or brokerage services provided by your employer. Turbotax for 2011 tax year Also, see Financial Counseling Fees , earlier. Turbotax for 2011 tax year Transportation If your employer provides you with a qualified transportation fringe benefit, it can be excluded from your income, up to certain limits. Turbotax for 2011 tax year A qualified transportation fringe benefit is: Transportation in a commuter highway vehicle (such as a van) between your home and work place, A transit pass, Qualified parking, or Qualified bicycle commuting reimbursement. Turbotax for 2011 tax year Cash reimbursement by your employer for these expenses under a bona fide reimbursement arrangement is also excludable. Turbotax for 2011 tax year However, cash reimbursement for a transit pass is excludable only if a voucher or similar item that can be exchanged only for a transit pass is not readily available for direct distribution to you. Turbotax for 2011 tax year Exclusion limit. Turbotax for 2011 tax year   The exclusion for commuter vehicle transportation and transit pass fringe benefits cannot be more than $245 a month. Turbotax for 2011 tax year   The exclusion for the qualified parking fringe benefit cannot be more than $245 a month. Turbotax for 2011 tax year   The exclusion for qualified bicycle commuting in a calendar year is $20 multiplied by the number of qualified bicycle commuting months that year. Turbotax for 2011 tax year   If the benefits have a value that is more than these limits, the excess must be included in your income. Turbotax for 2011 tax year You are not entitled to these exclusions if the reimbursements are made under a compensation reduction agreement. Turbotax for 2011 tax year Commuter highway vehicle. Turbotax for 2011 tax year   This is a highway vehicle that seats at least six adults (not including the driver). Turbotax for 2011 tax year At least 80% of the vehicle's mileage must reasonably be expected to be: For transporting employees between their homes and work place, and On trips during which employees occupy at least half of the vehicle's adult seating capacity (not including the driver). Turbotax for 2011 tax year Transit pass. Turbotax for 2011 tax year   This is any pass, token, farecard, voucher, or similar item entitling a person to ride mass transit (whether public or private) free or at a reduced rate or to ride in a commuter highway vehicle operated by a person in the business of transporting persons for compensation. Turbotax for 2011 tax year Qualified parking. Turbotax for 2011 tax year   This is parking provided to an employee at or near the employer's place of business. Turbotax for 2011 tax year It also includes parking provided on or near a location from which the employee commutes to work by mass transit, in a commuter highway vehicle, or by carpool. Turbotax for 2011 tax year It does not include parking at or near the employee's home. Turbotax for 2011 tax year Qualified bicycle commuting. Turbotax for 2011 tax year   This is reimbursement based on the number of qualified bicycle commuting months for the year. Turbotax for 2011 tax year A qualified bicycle commuting month is any month you use the bicycle regularly for a substantial portion of the travel between your home and place of employment and you do not receive any of the other qualified transportation fringe benefits. Turbotax for 2011 tax year The reimbursement can be for expenses you incurred during the year for the purchase of a bicycle and bicycle improvements, repair, and storage. Turbotax for 2011 tax year Tuition Reduction You can exclude a qualified tuition reduction from your income. Turbotax for 2011 tax year This is the amount of a reduction in tuition: For education (below graduate level) furnished by an educational institution to an employee, former employee who retired or became disabled, or his or her spouse and dependent children. Turbotax for 2011 tax year For education furnished to a graduate student at an educational institution if the graduate student is engaged in teaching or research activities for that institution. Turbotax for 2011 tax year Representing payment for teaching, research, or other services if you receive the amount under the National Health Service Corps Scholarship Program or the Armed Forces Health Professions Scholarship and Financial Assistance program. Turbotax for 2011 tax year For more information, see Publication 970. Turbotax for 2011 tax year Working Condition Benefits If your employer provides you with a product or service and the cost of it would have been allowable as a business or depreciation deduction if you paid for it yourself, the cost is not included in your income. Turbotax for 2011 tax year Example. Turbotax for 2011 tax year You work as an engineer and your employer provides you with a subscription to an engineering trade magazine. Turbotax for 2011 tax year The cost of the subscription is not included in your income because the cost would have been allowable to you as a business deduction if you had paid for the subscription yourself. Turbotax for 2011 tax year Valuation of Fringe Benefits If a fringe benefit is included in your income, the amount included is generally its value determined under the general valuation rule or under the special valuation rules. Turbotax for 2011 tax year For an exception, see Group-Term Life Insurance , earlier. Turbotax for 2011 tax year General valuation rule. Turbotax for 2011 tax year   You must include in your income the amount by which the fair market value of the fringe benefit is more than the sum of: The amount, if any, you paid for the benefit, plus The amount, if any, specifically excluded from your income by law. Turbotax for 2011 tax year If you pay fair market value for a fringe benefit, no amount is included in your income. Turbotax for 2011 tax year Fair market value. Turbotax for 2011 tax year   The fair market value of a fringe benefit is determined by all the facts and circumstances. Turbotax for 2011 tax year It is the amount you would have to pay a third party to buy or lease the benefit. Turbotax for 2011 tax year This is determined without regard to: Your perceived value of the benefit, or The amount your employer paid for the benefit. Turbotax for 2011 tax year Employer-provided vehicles. Turbotax for 2011 tax year   If your employer provides a car (or other highway motor vehicle) to you, your personal use of the car is usually a taxable noncash fringe benefit. Turbotax for 2011 tax year   Under the general valuation rules, the value of an employer-provided vehicle is the amount you would have to pay a third party to lease the same or a similar vehicle on the same or comparable terms in the same geographic area where you use the vehicle. Turbotax for 2011 tax year An example of a comparable lease term is the amount of time the vehicle is available for your use, such as a 1-year period. Turbotax for 2011 tax year The value cannot be determined by multiplying a cents-per-mile rate times the number of miles driven unless you prove the vehicle could have been leased on a cents-per-mile basis. Turbotax for 2011 tax year Flights on employer-provided aircraft. Turbotax for 2011 tax year   Under the general valuation rules, if your flight on an employer-provided piloted aircraft is primarily personal and you control the use of the aircraft for the flight, the value is the amount it would cost to charter the flight from a third party. Turbotax for 2011 tax year   If there is more than one employee on the flight, the cost to charter the aircraft must be divided among those employees. Turbotax for 2011 tax year The division must be based on all the facts, including which employee or employees control the use of the aircraft. Turbotax for 2011 tax year Special valuation rules. Turbotax for 2011 tax year   You generally can use a special valuation rule for a fringe benefit only if your employer uses the rule. Turbotax for 2011 tax year If your employer uses a special valuation rule, you cannot use a different special rule to value that benefit. Turbotax for 2011 tax year You always can use the general valuation rule discussed earlier, based on facts and circumstances, even if your employer uses a special rule. Turbotax for 2011 tax year   If you and your employer use a special valuation rule, you must include in your income the amount your employer determines under the special rule minus the sum of: Any amount you repaid your employer, plus Any amount specifically excluded from income by law. Turbotax for 2011 tax year The special valuation rules are the following. Turbotax for 2011 tax year The automobile lease rule. Turbotax for 2011 tax year The vehicle cents-per-mile rule. Turbotax for 2011 tax year The commuting rule. Turbotax for 2011 tax year The unsafe conditions commuting rule. Turbotax for 2011 tax year The employer-operated eating-facility rule. Turbotax for 2011 tax year   For more information on these rules, see Publication 15-B, Employer's Tax Guide to Fringe Benefits. Turbotax for 2011 tax year    For information on the non-commercial flight and commercial flight valuation rules, see sections 1. Turbotax for 2011 tax year 61-21(g) and 1. Turbotax for 2011 tax year 61-21(h) of the regulations. Turbotax for 2011 tax year Retirement Plan Contributions Your employer's contributions to a qualified retirement plan for you are not included in income at the time contributed. Turbotax for 2011 tax year (Your employer can tell you whether your retirement plan is qualified. Turbotax for 2011 tax year ) However, the cost of life insurance coverage included in the plan may have to be included. Turbotax for 2011 tax year See Group-Term Life Insurance , earlier, under Fringe Benefits. Turbotax for 2011 tax year If your employer pays into a nonqualified plan for you, you generally must include the contributions in your income as wages for the tax year in which the contributions are made. Turbotax for 2011 tax year However, if your interest in the plan is not transferable or is subject to a substantial risk of forfeiture (you have a good chance of losing it) at the time of the contribution, you do not have to include the value of your interest in your income until it is transferable or is no longer subject to a substantial risk of forfeiture. Turbotax for 2011 tax year For information on distributions from retirement plans, see Publication 575 (or Publication 721, Tax Guide to U. Turbotax for 2011 tax year S. Turbotax for 2011 tax year Civil Service Retirement Benefits, if you are a federal employee or retiree). Turbotax for 2011 tax year Elective Deferrals If you are covered by certain kinds of retirement plans, you can choose to have part of your compensation contributed by your employer to a retirement fund, rather than have it paid to you. Turbotax for 2011 tax year The amount you set aside (called an elective deferral) is treated as an employer contribution to a qualified plan. Turbotax for 2011 tax year An elective deferral, other than a designated Roth contribution (discussed later), is not included in wages subject to income tax at the time contributed. Turbotax for 2011 tax year However, it is included in wages subject to social security and Medicare taxes. Turbotax for 2011 tax year Elective deferrals include elective contributions to the following retirement plans. Turbotax for 2011 tax year Cash or deferred arrangements (section 401(k) plans). Turbotax for 2011 tax year The Thrift Savings Plan for federal employees. Turbotax for 2011 tax year Salary reduction simplified employee pension plans (SARSEP). Turbotax for 2011 tax year Savings incentive match plans for employees (SIMPLE plans). Turbotax for 2011 tax year Tax-sheltered annuity plans (403(b) plans). Turbotax for 2011 tax year Section 501(c)(18)(D) plans. Turbotax for 2011 tax year (But see Reporting by employer , later. Turbotax for 2011 tax year ) Section 457 plans. Turbotax for 2011 tax year Qualified automatic contribution arrangements. Turbotax for 2011 tax year   Under a qualified automatic contribution arrangement, your employer can treat you as having elected to have a part of your compensation contributed to a section 401(k) plan. Turbotax for 2011 tax year You are to receive written notice of your rights and obligations under the qualified automatic contribution arrangement. Turbotax for 2011 tax year The notice must explain: Your rights to elect not to have elective contributions made, or to have contributions made at a different percentage, and How contributions made will be invested in the absence of any investment decision by you. Turbotax for 2011 tax year   You must be given a reasonable period of time after receipt of the notice and before the first elective contribution is made to make an election with respect to the contributions. Turbotax for 2011 tax year Overall limit on deferrals. Turbotax for 2011 tax year   For 2013, in most cases, you should not have deferred more than a total of $17,500 of contributions to the plans listed in (1) through (3), earlier. Turbotax for 2011 tax year The specific plan limits for the plans listed in (4) through (7), earlier, are discussed later. Turbotax for 2011 tax year Amounts deferred under specific plan limits are part of the overall limit on deferrals. Turbotax for 2011 tax year   Your employer or plan administrator should apply the proper annual limit when figuring your plan contributions. Turbotax for 2011 tax year However, you are responsible for monitoring the total you defer to ensure that the deferrals are not more than the overall limit. Turbotax for 2011 tax year Catch-up contributions. Turbotax for 2011 tax year   You may be allowed catch-up contributions (additional elective deferrals) if you are age 50 or older by the end of your tax year. Turbotax for 2011 tax year For more information about catch-up contributions to 403(b) plans, see chapter 6 of Publication 571, Tax Sheltered Annuity Plans. Turbotax for 2011 tax year   For more information about additional elective deferrals to: SEPs (SARSEPs), see Salary Reduction Simplified Employee Pension in chapter 2 of Publication 560, Retirement Plans for Small Business. Turbotax for 2011 tax year SIMPLE plans, see How Much Can Be Contributed on Your Behalf? in chapter 3 of Publication 590. Turbotax for 2011 tax year Section 457 plans, see Limit for deferrals under section 457 plans , later. Turbotax for 2011 tax year Limit for deferrals under SIMPLE plans. Turbotax for 2011 tax year   If you are a participant in a SIMPLE plan, you generally should not have deferred more than $12,000 in 2013. Turbotax for 2011 tax year Amounts you defer under a SIMPLE plan count toward the overall limit ($17,500 for 2013) and may affect the amount you can defer under other elective deferral plans. Turbotax for 2011 tax year Limit for tax-sheltered annuities. Turbotax for 2011 tax year   If you are a participant in a tax-sheltered annuity plan (403(b) plan), the limit on elective deferrals for 2013 generally is $17,500. Turbotax for 2011 tax year However, if you have at least 15 years of service with a public school system, a hospital, a home health service agency, a health and welfare service agency, a church, or a convention or association of churches (or associated organization), the limit on elective deferrals is increased by the least of the following amounts. Turbotax for 2011 tax year $3,000, $15,000, reduced by the sum of: The additional pre-tax elective deferrals made in earlier years because of this rule, plus The aggregate amount of designated Roth contributions permitted for prior tax years because of this rule, or $5,000 times the number of your years of service for the organization, minus the total elective deferrals made by your employer on your behalf for earlier years. Turbotax for 2011 tax year   If you qualify for the 15-year rule, your elective deferrals under this limit can be as high as $20,500 for 2013. Turbotax for 2011 tax year   For more information, see Publication 571. Turbotax for 2011 tax year Limit for deferral under section 501(c)(18) plans. Turbotax for 2011 tax year   If you are a participant in a section 501(c)(18) plan (a trust created before June 25, 1959, funded only by employee contributions), you should have deferred no more than the lesser of $7,000 or 25% of your compensation. Turbotax for 2011 tax year Amounts you defer under a section 501(c)(18) plan count toward the overall limit ($17,500 in 2013) and may affect the amount you can defer under other elective deferral plans. Turbotax for 2011 tax year Limit for deferrals under section 457 plans. Turbotax for 2011 tax year   If you are a participant in a section 457 plan (a deferred compensation plan for employees of state or local governments or tax-exempt organizations), you should have deferred no more than the lesser of your includible compensation or $17,500 in 2013. Turbotax for 2011 tax year However, if you are within 3 years of normal retirement age, you may be allowed an increased limit if the plan allows it. Turbotax for 2011 tax year See Increased limit , later. Turbotax for 2011 tax year Includible compensation. Turbotax for 2011 tax year   This is the pay you received for the year from the employer who maintained the section 457 plan. Turbotax for 2011 tax year In most cases, it includes all the following payments. Turbotax for 2011 tax year Wages and salaries. Turbotax for 2011 tax year Fees for professional services. Turbotax for 2011 tax year The value of any employer-provided qualified transportation fringe benefit (defined under Transportation , earlier) that is not included in your income. Turbotax for 2011 tax year Other amounts received (cash or noncash) for personal services you performed, including, but not limited to, the following items. Turbotax for 2011 tax year Commissions and tips. Turbotax for 2011 tax year Fringe benefits. Turbotax for 2011 tax year Bonuses. Turbotax for 2011 tax year Employer contributions (elective deferrals) to: The section 457 plan. Turbotax for 2011 tax year Qualified cash or deferred arrangements (section 401(k) plans) that are not included in your income. Turbotax for 2011 tax year A salary reduction simplified employee pension (SARSEP). Turbotax for 2011 tax year A tax-sheltered annuity (section 403(b) plan). Turbotax for 2011 tax year A savings incentive match plan for employees (SIMPLE plan). Turbotax for 2011 tax year A section 125 cafeteria plan. Turbotax for 2011 tax year   Instead of using the amounts listed earlier to determine your includible compensation, your employer can use any of the following amounts. Turbotax for 2011 tax year Your wages as defined for income tax withholding purposes. Turbotax for 2011 tax year Your wages as reported in box 1 of Form W-2. Turbotax for 2011 tax year Your wages that are subject to social security withholding (including elective deferrals). Turbotax for 2011 tax year Increased limit. Turbotax for 2011 tax year   During any, or all, of the last 3 years ending before you reach normal retirement age under the plan, your plan may provide that your limit is the lesser of: Twice the annual limit ($35,000 for 2013), or The basic annual limit plus the amount of the basic limit not used in prior years (only allowed if not using age 50 or over catch-up contributions). Turbotax for 2011 tax year Catch-up contributions. Turbotax for 2011 tax year   You generally can have additional elective deferrals made to your governmental section 457 plan if: You reached age 50 by the end of the year, and No other elective deferrals can be made for you to the plan for the year because of limits or restrictions. Turbotax for 2011 tax year If you qualify, your limit can be the lesser of your includible compensation or $17,500, plus $5,500. Turbotax for 2011 tax year However, if you are within 3 years of retirement age and your plan provides the increased limit, discussed earlier, that limit may be higher. Turbotax for 2011 tax year Designated Roth contributions. Turbotax for 2011 tax year   Employers with section 401(k) and section 403(b) plans can create qualified Roth contribution programs so that you may elect to have part or all of your elective deferrals to the plan designated as after-tax Roth contributions. Turbotax for 2011 tax year Designated Roth contributions are treated as elective deferrals, except that they are included in income. Turbotax for 2011 tax year Your retirement plan must maintain separate accounts and recordkeeping for the designated Roth contributions. Turbotax for 2011 tax year   Qualified distributions from a Roth plan are not included in income. Turbotax for 2011 tax year In most cases, a distribution made before the end of the 5-tax-year period beginning with the first tax year for which you made a designated Roth contribution to the plan is not a qualified distribution. Turbotax for 2011 tax year Reporting by employer. Turbotax for 2011 tax year   Your employer generally should not include elective deferrals in your wages in box 1 of Form W-2. Turbotax for 2011 tax year Instead, your employer should mark the Retirement plan checkbox in box 13 and show the total amount deferred in box 12. Turbotax for 2011 tax year Section 501(c)(18)(D) contributions. Turbotax for 2011 tax year   Wages shown in box 1 of your Form W-2 should not have been reduced for contributions you made to a section 501(c)(18)(D) retirement plan. Turbotax for 2011 tax year The amount you contributed should be identified with code “H” in box 12. Turbotax for 2011 tax year You may deduct the amount deferred subject to the limits that apply. Turbotax for 2011 tax year Include your deduction in the total on Form 1040, line 36. Turbotax for 2011 tax year Enter the amount and “501(c)(18)(D)” on the dotted line next to line 36. Turbotax for 2011 tax year Designated Roth contributions. Turbotax for 2011 tax year    These contributions are elective deferrals but are included in your wages in box 1 of Form W-2. Turbotax for 2011 tax year Designated Roth contributions to a section 401(k) plan are reported using code AA in box 12, or, for section 403(b) plans, code BB in box 12. Turbotax for 2011 tax year Excess deferrals. Turbotax for 2011 tax year   If your deferrals exceed the limit, you must notify your plan by the date required by the plan. Turbotax for 2011 tax year If the plan permits, the excess amount will be distributed to you. Turbotax for 2011 tax year If you participate in more than one plan, you can have the excess paid out of any of the plans that permit these distributions. Turbotax for 2011 tax year You must notify each plan by the date required by that plan of the amount to be paid from that particular plan. Turbotax for 2011 tax year The plan then must pay you the amount of the excess, along with any income earned on that amount, by April 15 of the following year. Turbotax for 2011 tax year   You must include the excess deferral in your income for the year of the deferral unless you have an excess deferral of a designated Roth contribution. Turbotax for 2011 tax year File Form 1040 to add the excess deferral amount to your wages on line 7. Turbotax for 2011 tax year Do not use Form 1040A or Form 1040EZ to report excess deferral amounts. Turbotax for 2011 tax year Excess not distributed. Turbotax for 2011 tax year   If you do not take out the excess amount, you cannot include it in the cost of the contract even though you included it in your income. Turbotax for 2011 tax year Therefore, you are taxed twice on the excess deferral left in the plan—once when you contribute it, and again when you receive it as a distribution. Turbotax for 2011 tax year Excess distributed to you. Turbotax for 2011 tax year   If you take out the excess after the year of the deferral and you receive the corrective distribution by April 15 of the following year, do not include it in income again in the year you receive it. Turbotax for 2011 tax year If you receive it later, you must include it in income in both the year of the deferral and the year you receive it. Turbotax for 2011 tax year Any income on the excess deferral taken out is taxable in the tax year in which you take it out. Turbotax for 2011 tax year If you take out part of the excess deferral and the income on it, allocate the distribution proportionately between the excess deferral and the income. Turbotax for 2011 tax year    You should receive a Form 1099-R for the year in which the excess deferral is distributed to you. Turbotax for 2011 tax year Use the following rules to report a corrective distribution shown on Form 1099-R for 2013. Turbotax for 2011 tax year If the distribution was for a 2013 excess deferral, your Form 1099-R should have the code “8” in box 7. Turbotax for 2011 tax year Add the excess deferral amount to your wages on your 2013 tax return. Turbotax for 2011 tax year If the distribution was for a 2013 excess deferral to a designated Roth account, your Form 1099-R should have code “B” in box 7. Turbotax for 2011 tax year Do not add this amount to your wages on your 2013 return. Turbotax for 2011 tax year If the distribution was for a 2012 excess deferral, your Form 1099-R should have the code “P” in box 7. Turbotax for 2011 tax year If you did not add the excess deferral amount to your wages on your 2012 tax return, you must file an amended return on Form 1040X, Amended U. Turbotax for 2011 tax year S. Turbotax for 2011 tax year Individual Income Tax Return. Turbotax for 2011 tax year If you did not receive the distribution by April 15, 2013, you also must add it to your wages on your 2013 tax return. Turbotax for 2011 tax year If the distribution was for the income earned on an excess deferral, your Form 1099-R should have the code “8” in box 7. Turbotax for 2011 tax year Add the income amount to your wages on your 2013 income tax return, regardless of when the excess deferral was made. Turbotax for 2011 tax year Report a loss on a corrective distribution of an excess deferral in the year the excess amount (reduced by the loss) is distributed to you. Turbotax for 2011 tax year Include the loss as a negative amount on Form 1040, line 21 and identify it as “Loss on Excess Deferral Distribution. Turbotax for 2011 tax year ”    Even though a corrective distribution of excess deferrals is reported on Form 1099-R, it is not otherwise treated as a distribution from the plan. Turbotax for 2011 tax year It cannot be rolled over into another plan, and it is not subject to the additional tax on early distributions. Turbotax for 2011 tax year Excess Contributions If you are a highly compensated employee, the total of your elective deferrals and other contributions made for you for any year under a section 401(k) plan or SARSEP can be, as a percentage of pay, no more than 125% of the average deferral percentage (ADP) of all eligible non-highly compensated employees. Turbotax for 2011 tax year If the total contributed to the plan is more than the amount allowed under the ADP test, the excess contributions must be either distributed to you or recharacterized as after-tax employee contributions by treating them as distributed to you and then contributed by you to the plan. Turbotax for 2011 tax year You must include the excess contributions in your income as wages on Form 1040, line 7. Turbotax for 2011 tax year You cannot use Form 1040A or Form 1040EZ to report excess contribution amounts. Turbotax for 2011 tax year If you receive a corrective distribution of excess contributions (and allocable income), it is included in your income in the year of the distribution. Turbotax for 2011 tax year The allocable income is the amount of gain or loss through the end of the plan year for which the contribution was made that is allocable to the excess contributions. Turbotax for 2011 tax year You should receive a Form 1099-R for the year the excess contributions are distributed to you. Turbotax for 2011 tax year Add the distribution to your wages for that year. Turbotax for 2011 tax year Even though a corrective distribution of excess contributions is reported on Form 1099-R, it is not otherwise treated as a distribution from the plan. Turbotax for 2011 tax year It cannot be rolled over into another plan, and it is not subject to the additional tax on early distributions. Turbotax for 2011 tax year Excess Annual Additions The amount contributed in 2013 to a defined contribution plan is generally limited to the lesser of 100% of your compensation or $51,000. Turbotax for 2011 tax year Under certain circumstances, contributions that exceed these limits (excess annual additions) may be corrected by a distribution of your elective deferrals or a return of your after-tax contributions and earnings from these contributions. Turbotax for 2011 tax year A corrective payment of excess annual additions consisting of elective deferrals or earnings from your after-tax contributions is fully taxable in the year paid. Turbotax for 2011 tax year A corrective payment consisting of your after-tax contributions is not taxable. Turbotax for 2011 tax year If you received a corrective payment of excess annual additions, you should receive a separate Form 1099-R for the year of the payment with the code “E” in box 7. Turbotax for 2011 tax year Report the total payment shown in box 1 of Form 1099-R on line 16a of Form 1040 or line 12a of Form 1040A. Turbotax for 2011 tax year Report the taxable amount shown in box 2a of Form 1099-R on line 16b of Form 1040 or line 12b of Form 1040A. Turbotax for 2011 tax year Even though a corrective distribution of excess annual additions is reported on Form 1099-R, it is not otherwise treated as a distribution from the plan. Turbotax for 2011 tax year It cannot be rolled over into another plan, and it is not subject to the additional tax on early distributions. Turbotax for 2011 tax year Stock Options If you receive an option to buy or sell stock or other property as payment for your services, you may have income when you receive the option (the grant), when you exercise the option (use it to buy or sell the stock or other property), or when you sell or otherwise dispose of the option or property acquired through exercise of the option. Turbotax for 2011 tax year The timing, type, and amount of income inclusion depend on whether you receive a nonstatutory stock option or a statutory stock option. Turbotax for 2011 tax year Your employer can tell you which kind of option you hold. Turbotax for 2011 tax year Nonstatutory Stock Options Grant of option. Turbotax for 2011 tax year   If you are granted a nonstatutory stock option, you may have income when you receive the option. Turbotax for 2011 tax year The amount of income to include and the time to include it depend on whether the fair market value of the option can be readily determined. Turbotax for 2011 tax year The fair market value of an option can be readily determined if it is actively traded on an established market. Turbotax for 2011 tax year    The fair market value of an option that is not traded on an established market can be readily determined only if all of the following conditions exist. Turbotax for 2011 tax year You can transfer the option. Turbotax for 2011 tax year You can exercise the option immediately in full. Turbotax for 2011 tax year The option or the property subject to the option is not subject to any condition or restriction (other than a condition to secure payment of the purchase price) that has a significant effect on the fair market value of the option. Turbotax for 2011 tax year The fair market value of the option privilege can be readily determined. Turbotax for 2011 tax year The option privilege for an option to buy is the opportunity to benefit during the option's exercise period from any increase in the value of property subject to the option without risking any capital. Turbotax for 2011 tax year For example, if during the exercise period the fair market value of stock subject to an option is greater than the option's exercise price, a profit may be realized by exercising the option and immediately selling the stock at its higher value. Turbotax for 2011 tax year The option privilege for an option to sell is the opportunity to benefit during the exercise period from a decrease in the value of the property subject to the option. Turbotax for 2011 tax year If you or a member of your family is an officer, director, or more-than-10% owner of an expatriated corporation, you may owe an excise tax on the value of nonstatutory options and other stock-based compensation from that corporation. Turbotax for 2011 tax year For more information on the excise tax, see Internal Revenue Code section 4985. Turbotax for 2011 tax year Option with readily determinable value. Turbotax for 2011 tax year   If you receive a nonstatutory stock option that has a readily determinable fair market value at the time it is granted to you, the option is treated like other property received as compensation. Turbotax for 2011 tax year See Restricted Property , later, for rules on how much income to include and when to include it. Turbotax for 2011 tax year However, the rule described in that discussion for choosing to include the value of property in your income for the year of the transfer does not apply to a nonstatutory option. Turbotax for 2011 tax year Option without readily determinable value. Turbotax for 2011 tax year   If the fair market value of the option is not readily determinable at the time it is granted to you (even if it is determined later), you do not have income until you exercise or transfer the option. Turbotax for 2011 tax year    Exercise or transfer of option. Turbotax for 2011 tax year   When you exercise a nonstatutory stock option, the amount to include in your income depends on whether the option had a readily determinable value. Turbotax for 2011 tax year Option with readily determinable value. Turbotax for 2011 tax year   When you exercise a nonstatutory stock option that had a readily determinable value at the time the option was granted, you do not have to include any amount in income. Turbotax for 2011 tax year Option without readily determinable value. Turbotax for 2011 tax year   When you exercise a nonstatutory stock option that did not have a readily determinable value at the time the option was granted, the restricted prope