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Turbotax Free 1040ez

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Turbotax Free 1040ez

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

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Snapshot of Estate and Trust Income Tax Statistics

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

  • decedent's estates
  • simple trusts
  • complex trusts
  • qualified disability trusts
  • electing small business trust (ESBT)
  • grantor type trust
  • bankruptcy estates
  • pooled income funds

For information about selected terms and concepts, a description of the data sources and limitations, and links to recent revisions of Form 1041, please visit Income from Trusts and Estates Study Metadata.
 

Statistical Tables   SOI Bulletin Articles       Other IRS Data
 

 


Statistical Tables

The following tables are available as Microsoft Excel®  files.  A free Excel viewer is available for download, if needed.

Fiduciary Returns - Sources of Income, Deductions, and Tax Liability, by Tax Status and Size of Gross Income

Fiduciary Returns - Sources of Income, Deductions, and Tax Liability, by Type of Entity

Fiduciary Income and Deductions, by State and Entity Type

 

Archive - Fiduciary Income Tax Returns
 

To make customized tables using this data, please visit the Statistics of Income Tax Stats Table Wizard.

 

Projections

For selected tax returns, including the Form 1041, IRS's Office of Research produces annual forecasts of the number of returns that will be filed in future years.
    Projections of Returns to be Filed in Future Calendar Years


 

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SOI Bulletin Articles

The following are available as PDF files.  A free Adobe® reader is available for download, if needed.

 

  • Fiduciary Income Tax Returns

               2003-2004          1997          1982

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Other SOI Data on Trusts

Form 5227 is an information return filed by split-interest trusts, those who make distributions to both charitable and noncharitable beneficiaries, while providing tax benefits to their donor.  Certain charitable trusts, those treated as private foundations except that they are not exempt from income taxes, annually file Form 990-PF.

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Other IRS Data and Related Links

For tax administration data on this topic, as well as other types of taxes, choose from the links below.

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Return to the Tax Stats home page

Page Last Reviewed or Updated: 06-Jan-2014

The Turbotax Free 1040ez

Turbotax free 1040ez Publication 51 - Introductory Material Table of Contents Future Developments What's New Reminders Calendar Introduction Useful Items - You may want to see: Future Developments For the latest information about developments related to Publication 51 (Circular A), such as legislation enacted after it was published, go to www. Turbotax free 1040ez irs. Turbotax free 1040ez gov/pub51. Turbotax free 1040ez What's New Social security and Medicare tax for 2014. Turbotax free 1040ez  The social security tax rate is 6. Turbotax free 1040ez 2% each for the employee and employer, unchanged from 2013. Turbotax free 1040ez The social security wage base limit is $117,000. Turbotax free 1040ez The Medicare tax rate is 1. Turbotax free 1040ez 45% each for the employee and employer, unchanged from 2013. Turbotax free 1040ez There is no wage base limit for Medicare tax. Turbotax free 1040ez Social security and Medicare taxes apply to the wages of household workers you pay $1,900 or more in cash or an equivalent form of compensation. Turbotax free 1040ez Withholding allowance. Turbotax free 1040ez  The 2014 amount for one withholding allowance on an annual basis is $3,950. Turbotax free 1040ez Change of responsible party. Turbotax free 1040ez  Beginning January 1, 2014, any entity with an employer identification number (EIN) must file Form 8822-B, Change of Address or Responsible Party—Business, to report the latest change to its responsible party. Turbotax free 1040ez Form 8822-B must be filed within 60 days of the change. Turbotax free 1040ez If the change in the identity of your responsible party occurred before 2014, and you have not previously notified the IRS of the change, file Form 8822-B before March 1, 2014, reporting only the most recent change. Turbotax free 1040ez For a definition of "responsible party", see the Form 8822-B instructions. Turbotax free 1040ez Same-sex marriage. Turbotax free 1040ez  For federal tax purposes, individuals of the same sex are considered married if they were lawfully married in a state (or foreign country) whose laws authorize the marriage of two individuals of the same sex, even if the state (or foreign country) in which they now live does not recognize same-sex marriage. Turbotax free 1040ez For more information, see Revenue Ruling 2013-17, 2013-38 I. Turbotax free 1040ez R. Turbotax free 1040ez B. Turbotax free 1040ez 201, available at www. Turbotax free 1040ez irs. Turbotax free 1040ez gov/irb/2013-38_IRB/ar07. Turbotax free 1040ez html. Turbotax free 1040ez Notice 2013-61 provides special administrative procedures for employers to make claims for refund or adjustments of overpayments of social security and Medicare taxes with respect to certain same-sex spouse benefits before expiration of the period of limitations. Turbotax free 1040ez Notice 2013-61, 2013-44 I. Turbotax free 1040ez R. Turbotax free 1040ez B. Turbotax free 1040ez 432, is available at www. Turbotax free 1040ez irs. Turbotax free 1040ez gov/irb/2013-44_IRB/ar10. Turbotax free 1040ez html. Turbotax free 1040ez Reminders Additional Medicare Tax withholding. Turbotax free 1040ez  In addition to withholding Medicare tax at 1. Turbotax free 1040ez 45%, you must withhold a 0. Turbotax free 1040ez 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Turbotax free 1040ez You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. Turbotax free 1040ez Additional Medicare Tax is only imposed on the employee. Turbotax free 1040ez There is no employer share of Additional Medicare Tax. Turbotax free 1040ez All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. Turbotax free 1040ez For more information on what wages are subject to Medicare tax, see the chart, Special Rules for Various Types of Services and Payments, in section 15 of Publication 15 (Circular E), Employer's Tax Guide. Turbotax free 1040ez For more information on Additional Medicare Tax, visit IRS. Turbotax free 1040ez gov and enter “Additional Medicare Tax” in the search box. Turbotax free 1040ez Work opportunity tax credit for qualified tax-exempt organizations hiring qualified veterans. Turbotax free 1040ez  The work opportunity tax credit is available for eligible unemployed veterans who begin work on or after November 22, 2011, and before January 1, 2014. Turbotax free 1040ez Qualified tax-exempt organizations that hire eligible unemployed veterans can claim the work opportunity tax credit against their payroll tax liability using Form 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans. Turbotax free 1040ez For more information, visit IRS. Turbotax free 1040ez gov and enter “work opportunity tax credit” in the search box. Turbotax free 1040ez Outsourcing payroll duties. Turbotax free 1040ez  Employers are responsible to ensure that tax returns are filed and deposits and payments are made, even if the employer contracts with a third party to perform these acts. Turbotax free 1040ez The employer remains responsible if the third party fails to perform any required action. Turbotax free 1040ez If you choose to outsource any of your payroll and related tax duties (that is, withholding, reporting, and paying over social security, Medicare, FUTA, and income taxes) to a third-party payer such as a payroll service provider or reporting agent, visit IRS. Turbotax free 1040ez gov and enter “outsourcing payroll duties” in the search box for helpful information on this topic. Turbotax free 1040ez COBRA premium assistance credit. Turbotax free 1040ez  The credit for COBRA premium assistance payments applies to premiums paid for employees involuntarily terminated between September 1, 2008, and May 31, 2010, and to premiums paid for up to 15 months. Turbotax free 1040ez For more information, see COBRA premium assistance credit under Introduction. Turbotax free 1040ez Compensation paid to H-2A foreign agricultural workers. Turbotax free 1040ez  Report compensation of $600 or more paid to foreign agricultural workers who entered the country on H-2A visas in box 1 of Form W-2, Wage and Tax Statement. Turbotax free 1040ez Compensation paid to H-2A workers for agricultural labor performed in connection with this visa is not subject to social security and Medicare taxes, and therefore should not be reported as wages subject to social security tax (line 2), Medicare tax (line 4), or Additional Medicare Tax withholding (line 6) on Form 943, Employer's Annual Federal Tax Return for Agricultural Employees, and should not be reported as social security wages (box 3) or Medicare wages (box 5) on Form W-2. Turbotax free 1040ez On Form W-2, do not check box 13 (Statutory employee), as H-2A workers are not statutory employees. Turbotax free 1040ez An employer is not required to withhold federal income tax from compensation it pays an H-2A worker for agricultural labor performed in connection with this visa unless the worker asks for withholding and the employer agrees. Turbotax free 1040ez In that case, the worker must give the employer a completed Form W-4, Employee's Withholding Allowance Certificate. Turbotax free 1040ez Federal income tax withheld should be reported on Form 943, line 8, and in box 2 of Form W-2. Turbotax free 1040ez These reporting rules apply when the H-2A worker provides his or her taxpayer identification number (TIN) to the employer. Turbotax free 1040ez For the rules relating to backup withholding and reporting when the H-2A worker does not provide a TIN, see the Instructions for Form 1099-MISC and the Instructions for Form 945. Turbotax free 1040ez Additional employment tax information. Turbotax free 1040ez  Visit the IRS website at www. Turbotax free 1040ez irs. Turbotax free 1040ez gov/businesses and click on Employment Taxes under Businesses Topics. Turbotax free 1040ez For employment tax information by telephone, call 1-800-829-4933 or 1-800-829-4059 (TDD/TTY for persons who are deaf, hard of hearing, or have a speech disability) Monday–Friday from 7:00 a. Turbotax free 1040ez m. Turbotax free 1040ez –7:00 p. Turbotax free 1040ez m. Turbotax free 1040ez local time (Alaska and Hawaii follow Pacific time). Turbotax free 1040ez Additionally, you can call IRS TeleTax at 1-800-829-4477 for recorded information by topic. Turbotax free 1040ez Disregarded entities and qualified subchapter S subsidiaries (QSubs). Turbotax free 1040ez  Eligible single-owner disregarded entities and QSubs are treated as separate entities for employment tax purposes. Turbotax free 1040ez Eligible single-member entities that have not elected to be taxed as corporations must report and pay employment taxes on wages paid to their employees using the entities' own names and EINs. Turbotax free 1040ez See Regulations sections 1. Turbotax free 1040ez 1361-4(a)(7) and 301. Turbotax free 1040ez 7701-2(c)(2)(iv). Turbotax free 1040ez Differential wage payments. Turbotax free 1040ez  Qualified differential wage payments made by employers to individuals serving in the Armed Forces after 2008 are subject to income tax withholding but not social security, Medicare, or FUTA taxes. Turbotax free 1040ez For more information, see Publication 15 (Circular E). Turbotax free 1040ez Federal tax deposits must be made by electronic funds transfer. Turbotax free 1040ez  You must use electronic funds transfer to make all federal tax deposits. Turbotax free 1040ez Generally, electronic fund transfers are made using the Electronic Federal Tax Payment System (EFTPS). Turbotax free 1040ez If you do not want to use EFTPS, you can arrange for your tax professional, financial institution, payroll service, or other trusted third party to make electronic deposits on your behalf. Turbotax free 1040ez Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. Turbotax free 1040ez EFTPS is a free service provided by the Department of Treasury. Turbotax free 1040ez Services provided by your tax professional, financial institution, payroll service, or other third party may have a fee. Turbotax free 1040ez For more information on making federal tax deposits, see How To Deposit in section 7. Turbotax free 1040ez To get more information about EFTPS or to enroll in EFTPS, visit www. Turbotax free 1040ez eftps. Turbotax free 1040ez gov or call 1-800-555-4477 or 1-800-733-4829 (TDD). Turbotax free 1040ez Additional information about EFTPS is also available in Publication 966, Electronic Federal Tax Payment System: A Guide To Getting Started. Turbotax free 1040ez Electronic filing and payment. Turbotax free 1040ez  Now, more than ever before, businesses can enjoy the benefits of filing tax returns and paying their taxes electronically. Turbotax free 1040ez Whether you rely on a tax professional or handle your own taxes, the IRS offers you convenient programs to make it easier. Turbotax free 1040ez Spend less time and worry on taxes and more time running your business. Turbotax free 1040ez Use e-file and the Electronic Federal Tax Payment System (EFTPS) to your benefit. Turbotax free 1040ez For e-file, visit the IRS website at www. Turbotax free 1040ez irs. Turbotax free 1040ez gov/efile for additional information. Turbotax free 1040ez For EFTPS, visit www. Turbotax free 1040ez eftps. Turbotax free 1040ez gov or call EFTPS Customer Service at 1-800-555-4477 (business), 1-800-316-6541 (individual), or 1-800-733-4829 (TDD) for additional information. Turbotax free 1040ez For electronic filing of Form W-2, visit www. Turbotax free 1040ez socialsecurity. Turbotax free 1040ez gov/employer. Turbotax free 1040ez If you are filing your tax return or paying your federal taxes electronically, a valid EIN is required. Turbotax free 1040ez If a valid EIN is not provided, the return or payment will not be processed. Turbotax free 1040ez This may result in penalties and delays in processing your return or payment. Turbotax free 1040ez Electronic funds withdrawal (EFW). Turbotax free 1040ez  If you file Form 943 electronically, you can e-file and e-pay (electronic funds withdrawal) the balance due in a single step using tax preparation software or through a tax professional. Turbotax free 1040ez However, do not use EFW to make federal tax deposits. Turbotax free 1040ez For more information on paying your taxes using EFW, visit the IRS website at www. Turbotax free 1040ez irs. Turbotax free 1040ez gov/e-pay. Turbotax free 1040ez A fee may be charged to file electronically. Turbotax free 1040ez Credit or debit card payments. Turbotax free 1040ez   Employers can pay the balance due shown on Form 943 by credit or debit card. Turbotax free 1040ez Do not use a credit or debit card to make federal tax deposits. Turbotax free 1040ez For more information on paying your taxes with a credit or debit card, visit the IRS website at www. Turbotax free 1040ez irs. Turbotax free 1040ez gov/e-pay. Turbotax free 1040ez When you hire a new employee. Turbotax free 1040ez  Ask each new employee to complete the 2014 Form W-4 or its Spanish version, Formulario W-4(SP), Certificado de Exención de Retenciones del Empleado. Turbotax free 1040ez Also, ask the employee to show you his or her social security card so that you can record the employee's name and social security number accurately. Turbotax free 1040ez If the employee has lost the card or recently changed names, have the employee apply for a duplicate or corrected card. Turbotax free 1040ez If the employee does not have a card, have the employee apply for one on Form SS-5, Application for a Social Security Card. Turbotax free 1040ez See section 1 for more information. Turbotax free 1040ez Eligibility for employment. Turbotax free 1040ez  You must verify that each new employee is legally eligible to work in the United States. Turbotax free 1040ez This includes completing the U. Turbotax free 1040ez S. Turbotax free 1040ez Citizenship and Immigration Services (USCIS) Form I-9, Employment Eligibility Verification. Turbotax free 1040ez You can get the form from USCIS offices or by calling 1-800-870-3676. Turbotax free 1040ez Contact the USCIS at 1-800-375-5283, or visit the USCIS website at www. Turbotax free 1040ez uscis. Turbotax free 1040ez gov for more information. Turbotax free 1040ez New hire reporting. Turbotax free 1040ez   You are required to report any new employee to a designated state new-hire registry. Turbotax free 1040ez A new employee is an employee who has not previously been employed by you or was previously employed by you but has been separated from such prior employment for at least 60 consecutive days. Turbotax free 1040ez Many states accept a copy of Form W-4 with employer information added. Turbotax free 1040ez Visit the Office of Child Support Enforcement's website at www. Turbotax free 1040ez acf. Turbotax free 1040ez hhs. Turbotax free 1040ez gov/programs/cse/newhire for more information. Turbotax free 1040ez Dishonored payments. Turbotax free 1040ez  Any form of payment that is dishonored and returned from a financial institution is subject to a penalty. Turbotax free 1040ez The penalty is $25 or 2% of the payment, whichever is more. Turbotax free 1040ez However, the penalty on dishonored payments of $24. Turbotax free 1040ez 99 or less is an amount equal to the payment. Turbotax free 1040ez For example, a dishonored payment of $18 is charged a penalty of $18. Turbotax free 1040ez Forms in Spanish. Turbotax free 1040ez  You can provide Formulario W-4(SP) in place of Form W-4 to your Spanish-speaking employees. Turbotax free 1040ez For more information, see Publicación 17(SP), El Impuesto Federal sobre los Ingresos (Para Personas Físicas). Turbotax free 1040ez For nonemployees, Formulario W-9(SP), Solicitud y Certificación del Número de Identificación del Contribuyente, may be used in place of Form W-9, Request for Taxpayer Identification Number and Certification. Turbotax free 1040ez References in this publication to Form W-4 or Form W-9 also apply to their equivalent Spanish translations—Formulario W-4(SP) or Formulario W-9(SP). Turbotax free 1040ez Information returns. Turbotax free 1040ez  You may be required to file information returns to report certain types of payments made during the year. Turbotax free 1040ez For example, you must file Form 1099-MISC, Miscellaneous Income, to report payments of $600 or more to persons not treated as employees (for example, independent contractors) for services performed for your trade or business. Turbotax free 1040ez For details about filing Forms 1099 and for information about required electronic filing, see the General Instructions for Certain Information Returns for general information and the separate, specific instructions for each information return that you file (for example, Instructions for Form 1099-MISC). Turbotax free 1040ez Generally, do not use Forms 1099 to report wages or other compensation that you paid to employees; report these amounts on Form W-2. Turbotax free 1040ez See the General Instructions for Forms W-2 and W-3 for details about filing Forms W-2 and for information about required electronic filing. Turbotax free 1040ez If you file 250 or more Forms W-2, you must file them electronically. Turbotax free 1040ez SSA will not accept Forms W-2 and W-3 filed on any magnetic media. Turbotax free 1040ez Information reporting customer service site. Turbotax free 1040ez  The IRS operates the Enterprise Computing Center—Martinsburg, a centralized customer service site, to answer questions about reporting on Forms W-2, W-3, 1099, and other information returns. Turbotax free 1040ez If you have questions related to reporting on information returns, you may call 1-866-455-7438 (toll free), 304-263-8700 (toll call), or 304-267-3367 (TDD/TTY for persons who are deaf, heard of hearing, or have a speech disability). Turbotax free 1040ez The call site can also be reached by email at mccirp@irs. Turbotax free 1040ez gov. Turbotax free 1040ez Do not include tax identification numbers (TINs) or attachments in email correspondence because electronic mail is not secure. Turbotax free 1040ez Web-based application for an employer identification number (EIN). Turbotax free 1040ez  You can apply for an employer identification number (EIN) online by visiting IRS. Turbotax free 1040ez gov and clicking on the Apply for an EIN Online link under Tools. Turbotax free 1040ez When a crew leader furnishes workers to you. Turbotax free 1040ez  Record the crew leader's name, address, and EIN. Turbotax free 1040ez See sections 2 and 10. Turbotax free 1040ez Change of address. Turbotax free 1040ez  Use Form 8822-B to notify the IRS of an address change. Turbotax free 1040ez Do not mail form 8822-B with your employment tax return. Turbotax free 1040ez Ordering forms and publications. Turbotax free 1040ez  You can order your 2013 and 2014 employment tax and information return forms, instructions, and publications online at www. Turbotax free 1040ez irs. Turbotax free 1040ez gov/businesses. Turbotax free 1040ez Click on the Online Ordering for Information Returns and Employer Returns. Turbotax free 1040ez You can also visit www. Turbotax free 1040ez irs. Turbotax free 1040ez gov/formspubs to download other forms and publications. Turbotax free 1040ez Instead of ordering paper Forms W-2 and W-3, consider filing them electronically using the Social Security Administration's (SSA) free e-file service. Turbotax free 1040ez Visit the SSA's Employer W-2 Filing Instructions & Information website at  www. Turbotax free 1040ez socialsecurity. Turbotax free 1040ez gov/employer, to register for Business Services Online. Turbotax free 1040ez You will be able to create and file “fill-in” versions of Forms W-2 with SSA and can print out completed copies of Forms W-2 for filing with state and local governments, distribution to your employees, and for your records. Turbotax free 1040ez Form W-3 will be created for you based on your Forms W-2. Turbotax free 1040ez Tax Questions. Turbotax free 1040ez   If you have a tax question, check the information available on IRS. Turbotax free 1040ez gov or call 1-800-829-4933 (businesses), 1-800-829-1040 (individuals), or 1-800-829-4059 (TDD/TTY for persons who are deaf, hard of hearing, or have a speech disability) Monday–Friday from 7:00 a. Turbotax free 1040ez m. Turbotax free 1040ez –7:00 p. Turbotax free 1040ez m. Turbotax free 1040ez local time (Alaska and Hawaii follow Pacific time). Turbotax free 1040ez We cannot answer tax questions sent to the address provided later for comments and suggestions. Turbotax free 1040ez Recordkeeping. Turbotax free 1040ez  Keep all records of employment taxes for at least 4 years. Turbotax free 1040ez These should be available for IRS review. Turbotax free 1040ez Your records should include the following information. Turbotax free 1040ez Your employer identification number (EIN). Turbotax free 1040ez Amounts and dates of all wage, annuity, and pension payments. Turbotax free 1040ez Names, addresses, social security numbers, and occupations of employees and recipients. Turbotax free 1040ez Any employee copies of Forms W-2 and W-2c returned to you as undeliverable. Turbotax free 1040ez Dates of employment for each employee. Turbotax free 1040ez Periods for which employees and recipients were paid while absent due to sickness or injury and the amount and weekly rate of payments you or third-party payers made to them. Turbotax free 1040ez Copies of employees' and recipients' income tax withholding allowance certificates (Forms W-4, W-4(SP), W-4P, and W-4S). Turbotax free 1040ez Dates and amounts of tax deposits you made and acknowledgment numbers for deposits made by EFTPS. Turbotax free 1040ez Copies of returns filed and confirmation numbers. Turbotax free 1040ez Records of fringe benefits and expense reimbursements provided to your employees, including substantiation. Turbotax free 1040ez If a crew leader furnished you with farmworkers, you must keep a record of the name, permanent mailing address, and EIN of the crew leader. Turbotax free 1040ez If the crew leader has no permanent mailing address, record his or her present address. Turbotax free 1040ez Private delivery services. Turbotax free 1040ez  You can use certain private delivery services designated by the IRS to send tax returns and payments. Turbotax free 1040ez The list includes only the following. Turbotax free 1040ez DHL Express (DHL): DHL Same Day Service. Turbotax free 1040ez Federal Express (FedEx): FedEx Priority Overnight, FedEx Standard Overnight, FedEx 2Day, FedEx International Priority, and FedEx International First. Turbotax free 1040ez United Parcel Service (UPS): UPS Next Day Air, UPS Next Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A. Turbotax free 1040ez M. Turbotax free 1040ez , UPS Worldwide Express Plus, and UPS Worldwide Express. Turbotax free 1040ez For the IRS mailing address to use if you are using a private delivery service, go to IRS. Turbotax free 1040ez gov and enter "private delivery service" in the search box. Turbotax free 1040ez Your private delivery service can tell you how to get written proof of the mailing date. Turbotax free 1040ez Private delivery services cannot deliver items to P. Turbotax free 1040ez O. Turbotax free 1040ez boxes. Turbotax free 1040ez You must use the U. Turbotax free 1040ez S. Turbotax free 1040ez Postal Service to mail any item to an IRS P. Turbotax free 1040ez O. Turbotax free 1040ez box address. Turbotax free 1040ez Photographs of missing children. Turbotax free 1040ez  The IRS is a proud partner with the National Center for Missing and Exploited Children. Turbotax free 1040ez Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Turbotax free 1040ez You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Turbotax free 1040ez Calendar The following are important dates and responsibilities. Turbotax free 1040ez See section 7 for information about depositing taxes reported on Forms 941, 943, 944, and 945. Turbotax free 1040ez Also see Publication 509, Tax Calendars. Turbotax free 1040ez   If any date shown below for filing a return, furnishing a form, or depositing taxes falls on a Saturday, Sunday, or legal holiday, the due date is the next business day. Turbotax free 1040ez A statewide legal holiday delays a filing due date only if the IRS office where you are required to file is located in that state. Turbotax free 1040ez However, a statewide legal holiday does not delay the due date of federal tax deposits. Turbotax free 1040ez See Deposits on Business Days Only in section 7. Turbotax free 1040ez For any filing due date, you will meet the “file” or “furnish” requirement if the envelope containing the return or form is properly addressed, contains sufficient postage, and is postmarked by the U. Turbotax free 1040ez S. Turbotax free 1040ez Postal Service on or before the due date, or sent by an IRS-designated delivery service on or before the due date. Turbotax free 1040ez See Private delivery services under Reminders. Turbotax free 1040ez By January 31 . Turbotax free 1040ez   File Form 943. Turbotax free 1040ez See section 8 for more information on Form 943. Turbotax free 1040ez If you deposited all Form 943 taxes when due, you have 10 additional calendar days to file. Turbotax free 1040ez Furnish each employee with a completed Form W-2. Turbotax free 1040ez Furnish each recipient to whom you paid $600 or more in nonemployee compensation with a completed Form 1099 (for example, Form 1099-MISC). Turbotax free 1040ez File Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return. Turbotax free 1040ez See section 10 for more information on FUTA. Turbotax free 1040ez If you deposited all the FUTA tax when due, you have 10 additional calendar days to file. Turbotax free 1040ez File Form 945, Annual Return of Withheld Federal Income Tax, to report any nonpayroll federal income tax withheld in 2013. Turbotax free 1040ez If you deposited all Form 945 taxes when due, you have 10 additional calendar days to file. Turbotax free 1040ez By February 15. Turbotax free 1040ez  Ask for a new Form W-4 or Formulario W-4(SP) from each employee who claimed exemption from federal income tax withholding last year. Turbotax free 1040ez On February 16. Turbotax free 1040ez  Any Form W-4 claiming exemption from withholding for the previous year has now expired. Turbotax free 1040ez Begin withholding for any employee who previously claimed exemption from withholding but has not given you a new Form W-4 for the current year. Turbotax free 1040ez If the employee does not give you a new Form W-4, withhold tax based on the last valid Form W-4 you have for the employee that does not claim exemption from withholding or, if one does not exist, as if he or she is single with zero withholding allowances. Turbotax free 1040ez See section 5 for more information. Turbotax free 1040ez If the employee furnishes a new Form W-4 claiming exemption from withholding after February 15, you may apply the exemption to future wages, but do not refund taxes withheld while the exempt status was not in place. Turbotax free 1040ez By February 28. Turbotax free 1040ez   File paper Forms 1099 and 1096. Turbotax free 1040ez File Copy A of all paper Forms 1099 with Form 1096, Annual Summary and Transmittal of U. Turbotax free 1040ez S. Turbotax free 1040ez Information Returns, with the IRS. Turbotax free 1040ez For electronically filed returns, see By March 31 below. Turbotax free 1040ez File paper Forms W-2 and W-3. Turbotax free 1040ez File Copy A of all paper Forms W-2 with Form W-3, Transmittal of Wage and Tax Statements, with the SSA. Turbotax free 1040ez For electronically filed returns, see By March 31 next. Turbotax free 1040ez By March 31. Turbotax free 1040ez   File electronic Forms W-2 and 1099. Turbotax free 1040ez File electronic Forms W-2 with the SSA and Forms 1099 with the IRS. Turbotax free 1040ez For more information on reporting Form W-2 information to the SSA electronically, visit the SSA's Employer W-2 Filing Instructions & Information webpage at www. Turbotax free 1040ez socialsecurity. Turbotax free 1040ez gov/employer. Turbotax free 1040ez For information on filing information returns electronically with the IRS, see Publication 1220, Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and W-2G. Turbotax free 1040ez By April 30, July 31, October 31, and January 31. Turbotax free 1040ez   Deposit FUTA taxes. Turbotax free 1040ez Deposit FUTA tax if the undeposited amount is over $500. Turbotax free 1040ez Before December 1. Turbotax free 1040ez  Remind employees to submit a new Form W-4 if their marital status or withholding allowances have changed or will change for the next year. Turbotax free 1040ez Introduction This publication is for employers of agricultural workers (farmworkers). Turbotax free 1040ez It contains information that you may need to comply with the laws for agricultural labor (farmwork) relating to social security and Medicare taxes, FUTA tax, and withheld federal income tax (employment taxes). Turbotax free 1040ez Agricultural employers report social security and Medicare taxes and withheld federal income tax on Form 943 and report FUTA tax on Form 940. Turbotax free 1040ez If you have nonfarm employees, see Publication 15 (Circular E). Turbotax free 1040ez If you have employees in the U. Turbotax free 1040ez S. Turbotax free 1040ez Virgin Islands, Guam, American Samoa, or the Commonwealth of the Northern Mariana Islands, see Publication 80 (Circular SS). Turbotax free 1040ez Publication 15-A, Employer's Supplemental Tax Guide, contains more employment-related information, including information about sick pay and pension income. Turbotax free 1040ez Publication 15-B, Employer's Tax Guide to Fringe Benefits, contains information about the employment tax treatment and valuation of various types of noncash compensation. Turbotax free 1040ez Comments and suggestions. Turbotax free 1040ez   We welcome your comments about this publication and your suggestions for future editions. Turbotax free 1040ez   You can write to us at the following address:  Internal Revenue Service Tax Forms and Publications Division  1111 Constitution Ave. Turbotax free 1040ez NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Turbotax free 1040ez Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Turbotax free 1040ez   You can also send us comments from www. Turbotax free 1040ez irs. Turbotax free 1040ez gov/formspubs. Turbotax free 1040ez Click on More Information and then click on Comment on Tax Forms and Publications. Turbotax free 1040ez   Although we cannot respond individually to each email, we do appreciate your feedback and will consider your comments as we revise our tax forms, instructions, and publications. Turbotax free 1040ez COBRA premium assistance credit. Turbotax free 1040ez   The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) provides certain former employees, retirees, spouses, former spouses, and dependent children the right to temporary continuation of health coverage at group rates. Turbotax free 1040ez COBRA generally covers multiemployer health plans and health plans maintained by private-sector employers (other than churches) with 20 or more full and part-time employees. Turbotax free 1040ez Parallel requirements apply to these plans under the Employee Retirement Income Security Act of 1974 (ERISA). Turbotax free 1040ez Under the Public Health Service Act, COBRA requirements apply also to health plans covering state or local government employees. Turbotax free 1040ez Similar requirements apply under the Federal Employees Health Benefits Program and under some state laws. Turbotax free 1040ez For the premium assistance (or subsidy) discussed below, these requirements are all referred to as COBRA requirements. Turbotax free 1040ez   Under the American Recovery and Reinvestment Act of 2009 (ARRA), employers are allowed a credit against “payroll taxes” (referred to in this publication as “employment taxes”) for providing COBRA premium assistance to assistance eligible individuals. Turbotax free 1040ez For periods of COBRA continuation coverage beginning after February 16, 2009, a group health plan must treat an assistance eligible individual as having paid the required COBRA continuation coverage premium if the individual elects COBRA coverage and pays 35% of the amount of the premium. Turbotax free 1040ez   An assistance eligible individual is a qualified beneficiary of an employer's group health plan who is eligible for COBRA continuation coverage during the period beginning September 1, 2008, and ending May 31, 2010, due to the involuntarily termination from employment of a covered employee during the period and elects continuation COBRA coverage. Turbotax free 1040ez The assistance for the coverage can last up to 15 months. Turbotax free 1040ez   Employees terminated during the period beginning September 1, 2008, and ending May 31, 2010, who received a severance package that delayed the start of the COBRA continuation coverage, may still be eligible for premium assistance for COBRA continuation coverage. Turbotax free 1040ez For more information, see Notice 2009-27, 2009-16 I. Turbotax free 1040ez R. Turbotax free 1040ez B. Turbotax free 1040ez 838, available at www. Turbotax free 1040ez irs. Turbotax free 1040ez gov/irb/2009-16_irb/ar09. Turbotax free 1040ez html. Turbotax free 1040ez   Administrators of the group health plans (or other entities) that provide or administer COBRA continuation coverage must provide notice to assistance eligible individuals of the COBRA premium assistance. Turbotax free 1040ez   The 65% of the premium not paid by the assistance eligible individual is reimbursed to the employer maintaining the group health plan. Turbotax free 1040ez The reimbursement is made through a credit against the employer's employment tax liabilities. Turbotax free 1040ez For information on how to claim the credit, see the Instructions for Form 943. Turbotax free 1040ez The credit is treated as a deposit made on the first day of the return period. Turbotax free 1040ez In the case of a multiemployer plan, the credit is claimed by the plan, rather than the employer. Turbotax free 1040ez In the case of an insured plan subject to state law continuation coverage requirements, the credit is claimed by the insurance company, rather than the employer. Turbotax free 1040ez   Anyone claiming the credit for COBRA premium assistance payments must maintain the following information to support their claim, including the following. Turbotax free 1040ez Information on the receipt of the assistance eligible individuals' 35% share of the premium including dates and amounts. Turbotax free 1040ez In the case of an insurance plan, a copy of invoice or other supporting statement from the insurance carrier and proof of timely payment of the full premium to the insurance carrier required under COBRA. Turbotax free 1040ez In the case of a self-insured plan, proof of the premium amount and proof of the coverage provided to the assistance eligible individuals. Turbotax free 1040ez Attestation of involuntary termination, including the date of the involuntary termination for each covered employee whose involuntary termination is the basis for eligibility for the subsidy. Turbotax free 1040ez Proof of each assistance eligible individual's eligibility for COBRA coverage and the election of COBRA coverage. Turbotax free 1040ez A record of the social security numbers (SSNs) of all covered employees, the amount of the subsidy reimbursed with respect to each covered employee, and whether the subsidy was for one individual or two or more individuals. Turbotax free 1040ez   For more information, visit IRS. Turbotax free 1040ez gov and enter “COBRA” in the search box. Turbotax free 1040ez Useful Items - You may want to see: Publication 15 (Circular E), Employer's Tax Guide 15-A Employer's Supplemental Tax Guide 15-B Employer's Tax Guide to Fringe Benefits 225 Farmer's Tax Guide 535 Business Expenses 583 Starting a Business and Keeping Records 1635 Employer Identification Number: Understanding Your EIN Prev  Up  Next   Home   More Online Publications