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1040 ez online filing Part One -   La Declaración de Impuestos sobre los Ingresos Los cuatro capítulos de esta sección presentan información básica sobre el sistema tributario. 1040 ez online filing Le explican los primeros pasos para llenar una declaración de impuestos; por ejemplo, cómo determinar qué estado civil para efectos de la declaración le corresponde, cuántas exenciones puede reclamar y qué formulario presentar. 1040 ez online filing Asimismo, explican los requisitos de mantenimiento de documentación, el sistema de presentación electrónica del IRS e-file, determinadas multas y los dos métodos que se utilizan para pagar impuestos durante el año: la retención del impuesto y el impuesto estimado. 1040 ez online filing Table of Contents 1. 1040 ez online filing   Información para la Presentación de la Declaración de ImpuestosQué Hay de Nuevo Recordatorios Introduction ¿Debo Presentar una Declaración?Individuos/Personas Físicas—En General Dependientes Determinados Hijos Menores de 19 Años de Edad o Estudiantes a Tiempo Completo Trabajadores por Cuenta Propia Extranjeros Quién Debe Presentar una Declaración ¿Qué Formulario Debo Usar?Formulario 1040EZ Formulario 1040A Formulario 1040 ¿Tengo que Presentar la Declaración en Papel? E-file del IRS ¿Cuándo Tengo que Presentar la Declaración?Servicios de entrega privados. 1040 ez online filing Prórrogas del Plazo para Presentar la Declaración de Impuestos ¿Cómo Preparo la Declaración de Impuestos?¿Cuándo Declaro los Ingresos y Gastos? Número de Seguro Social Fondo para la Campaña Electoral Presidencial Cálculos Documentos Adjuntos Designación de un Tercero Firmas Preparador Remunerado Reembolsos Cantidad que Adeuda Donaciones Para Reducir la Deuda Pública Nombre y Dirección ¿Dónde Presento la Declaración? ¿Qué Ocurre Después de Presentar la Declaración?¿Qué Documentos Debo Mantener? ¿Por Qué Debe Mantener los Documentos? Tipo de Documentos que Debe Mantener Documentos Básicos Cuánto Tiempo Debe Mantener los Documentos Información sobre Reembolsos Intereses Sobre Reembolsos Cambio de Dirección ¿Qué Sucede Si Cometí un Error?Declaraciones Enmendadas y Reclamaciones de Reembolso Multas Robo de Identidad 2. 1040 ez online filing   Estado Civil para Efectos de la DeclaraciónQué Hay de Nuevo Introduction Useful Items - You may want to see: Estado CivilPersonas divorciadas. 1040 ez online filing Divorcio y nuevo matrimonio. 1040 ez online filing Matrimonios anulados. 1040 ez online filing Cabeza de familia o viudo que reúne los requisitos con hijo dependiente. 1040 ez online filing Personas consideradas casadas. 1040 ez online filing Matrimonio del mismo sexo. 1040 ez online filing Cónyuge fallecido durante el año. 1040 ez online filing Personas casadas que viven separadas. 1040 ez online filing Soltero Casados que Presentan una Declaración ConjuntaPresentación de una Declaración Conjunta Casados que Presentan la Declaración por SeparadoReglas Especiales Cabeza de FamiliaPersonas Consideradas no Casadas Personas que Mantienen una Vivienda Persona Calificada Viudo que Reúne los Requisitos con Hijo Dependiente 3. 1040 ez online filing   Exenciones Personales y por DependientesQué Hay de Nuevo Introduction Useful Items - You may want to see: ExencionesExenciones Personales Exenciones por Dependientes Hijo Calificado Pariente Calificado Eliminación gradual por fases de la exención Números de Seguro Social para DependientesNacimiento y fallecimiento en el año 2013. 1040 ez online filing Número de identificación personal del contribuyente del Servicio de Impuestos Internos. 1040 ez online filing Números de identificación del contribuyente en proceso de adopción. 1040 ez online filing 4. 1040 ez online filing   Retención de Impuestos e Impuesto EstimadoQué Hay de Nuevo para el Año 2014 Recordatorios Introduction Useful Items - You may want to see: Retención de Impuesto para el Año 2014Sueldos y Salarios Propinas Beneficios Marginales Tributables Compensación por Enfermedad Pensiones y Anualidades Ganancias Provenientes de Juegos de Azar y Apuestas Compensación por Desempleo Pagos del Gobierno Federal Retención Adicional Impuesto Estimado para el Año 2014Quién no Tiene que Pagar el Impuesto Estimado ¿Quién Tiene que Pagar Impuesto Estimado? Cómo Calcular el Impuesto Estimado Cuándo se Debe Pagar el Impuesto Estimado Cómo Determinar Cada Pago Cómo Pagar el Impuesto Estimado Crédito por Impuestos Retenidos e Impuesto Estimado para el Año 2013Retención Impuesto Estimado Multa por Pago Insuficiente de Impuestos para el Año 2013 Prev  Up  Next   Home   More Online Publications
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Tax Relief for Victims of Hurricane Irene in North Carolina

E-file to Remain Available for Irene Victims through Oct. 31

Updated 10/11/11 to include Bladen, Columbus and Sampson counties.

Updated 9/12/11 to include Pender and Wayne counties.

Updated 9/7/11 to include Bertie, Brunswick, Camden, Chowan, Duplin, Edgecombe, Gates, Greene, Hertford, Johnston, Jones, Martin, Nash, New Hanover, Northampton, Pasquotank, Perquimans, Vance, Warren and Wilson counties.

Updated 9/2/11 to include Halifax and Lenoir counties. Also added Currituck, Onslow, Pitt and Washington counties.

NC-2011-58, Sept. 1, 2011

GREENSBORO — Victims of Hurricane Irene that began on Aug. 25, 2011 in parts of North Carolina may qualify for tax relief from the Internal Revenue Service.

The President has declared the following counties a federal disaster area: Beaufort, Bertie, Bladen, Brunswick, Camden, Carteret, Chowan, Columbus, Craven, Currituck, Dare, Duplin, Edgecombe, Gates, Greene, Halifax, Hertford, Hyde, Johnston, Jones, Lenoir, Martin, Nash, New Hanover, Northampton, Onslow, Pamlico, Pasquotank, Pender, Perquimans, Pitt, Sampson, Tyrrell, Vance, Warren, Washington, Wayne and Wilson. Individuals who reside or have a business in these counties may qualify for tax relief.

The declaration permits the IRS to postpone certain deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after Aug. 25, and on or before Oct. 31, have been postponed to Oct. 31, 2011. This includes corporations and other businesses that previously obtained an extension until Sept. 15 to file their 2010 returns, and individuals and businesses that received a similar extension until Oct. 17. It also includes the estimated tax payment for the third quarter, normally due Sept. 15.  

In addition, the IRS is waiving the failure-to-deposit penalties for employment and excise tax deposits due on or after Aug. 25, and on or before Sept. 9, as long as the deposits are made by Sept. 9, 2011.

If an affected taxpayer receives a penalty notice from the IRS, the taxpayer should call the telephone number on the notice to have the IRS abate any interest and any late filing or late payment penalties that would otherwise apply. Penalties or interest will be abated only for taxpayers who have an original or extended filing, payment or deposit due date, including an extended filing or payment due date, that falls within the postponement period.

The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. But affected taxpayers who reside or have a business located outside the covered disaster area must call the IRS disaster hotline at 1-866-562-5227 to request this tax relief.

Covered Disaster Area

The counties listed above constitute a covered disaster area for purposes of Treas. Reg. § 301.7508A-1(d)(2) and are entitled to the relief detailed below.

Affected Taxpayers

Taxpayers considered to be affected taxpayers eligible for the postponement of time to file returns, pay taxes and perform other time-sensitive acts are those taxpayers listed in Treas. Reg. § 301.7508A-1(d)(1), and include individuals who live, and businesses whose principal place of business is located, in the covered disaster area. Taxpayers not in the covered disaster area, but whose records necessary to meet a deadline listed in Treas. Reg. § 301.7508A-1(c) are in the covered disaster area, are also entitled to relief. In addition, all relief workers affiliated with a recognized government or philanthropic organization assisting in the relief activities in the covered disaster area and any individual visiting the covered disaster area who was killed or injured as a result of the disaster are entitled to relief.

Grant of Relief

Under section 7508A, the IRS gives affected taxpayers until Oct. 31 to file most tax returns (including individual, corporate, and estate and trust income tax returns; partnership returns, S corporation returns, and trust returns; estate, gift, and generation-skipping transfer tax returns; and employment and certain excise tax returns), or to make tax payments, including estimated tax payments, that have either an original or extended due date occurring on or after Aug. 25 and on or before Oct. 31.

The IRS also gives affected taxpayers until Oct. 31 to perform other time-sensitive actions described in Treas. Reg. § 301.7508A-1(c)(1) and Rev. Proc. 2007-56, 2007-34 I.R.B. 388 (Aug. 20, 2007), that are due to be performed on or after Aug. 25 and on or before Oct. 31.

This relief also includes the filing of Form 5500 series returns, in the manner described in section 8 of Rev. Proc. 2007-56. The relief described in section 17 of Rev. Proc. 2007-56, pertaining to like-kind exchanges of property, also applies to certain taxpayers who are not otherwise affected taxpayers and may include acts required to be performed before or after the period above.

The postponement of time to file and pay does not apply to information returns in the W-2, 1098, 1099 series, or to Forms 1042-S or 8027. Penalties for failure to timely file information returns can be waived under existing procedures for reasonable cause. Likewise, the postponement does not apply to employment and excise tax deposits. The IRS, however, will abate penalties for failure to make timely employment and excise tax deposits due on or after Aug. 25 and on or before Sept. 9 provided the taxpayer makes these deposits by Sept. 9.

Casualty Losses

Affected taxpayers in a federally declared disaster area have the option of claiming disaster-related casualty losses on their federal income tax return for either this year or last year. Claiming the loss on an original or amended return for last year will get the taxpayer an earlier refund, but waiting to claim the loss on this year’s return could result in a greater tax saving, depending on other income factors.

Individuals may deduct personal property losses that are not covered by insurance or other reimbursements. For details, see Form 4684 and its instructions.
Affected taxpayers claiming the disaster loss on last year’s return should put the Disaster Designation “North Carolina/Hurricane Irene” at the top of the form so that the IRS can expedite the processing of the refund.

Other Relief

The IRS will waive the usual fees and expedite requests for copies of previously filed tax returns for affected taxpayers. Taxpayers should put the assigned Disaster Designation in red ink at the top of Form 4506, Request for Copy of Tax Return, or Form 4506-T, Request for Transcript of Tax Return, as appropriate, and submit it to the IRS.

Affected taxpayers who are contacted by the IRS on a collection or examination matter should explain how the disaster impacts them so that the IRS can provide appropriate consideration to their case.

Taxpayers may download forms and publications from the official IRS website, irs.gov, or order them by calling 1-800-TAX-FORM (1-800-829-3676). The IRS toll-free number for general tax questions is 1-800-829-1040.

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Page Last Reviewed or Updated: 24-Mar-2014

The 1040 Ez Online Filing

1040 ez online filing 3. 1040 ez online filing   Dispositions of Business Property Table of Contents Introduction Useful Items - You may want to see: What Is a Disposition of Property?Like-kind exchanges. 1040 ez online filing How Do I Figure a Gain or Loss?Is My Gain or Loss Ordinary or Capital? Is My Capital Gain or Loss Short Term or Long Term? Where Do I Report Gains and Losses? Introduction If you dispose of business property, you may have a gain or loss that you report on Form 1040. 1040 ez online filing However, in some cases you may have a gain that is not taxable or a loss that is not deductible. 1040 ez online filing This chapter discusses whether you have a disposition, how to figure the gain or loss, and where to report the gain or loss. 1040 ez online filing Useful Items - You may want to see: Publication 544 Sales and Other Dispositions of Assets Form (and Instructions) 4797 Sales of Business Property Sch D (Form 1040) Capital Gains and Losses See chapter 12 for information about getting publications and forms. 1040 ez online filing What Is a Disposition of Property? A disposition of property includes the following transactions. 1040 ez online filing You sell property for cash or other property. 1040 ez online filing You exchange property for other property. 1040 ez online filing You receive money as a tenant for the cancellation of a lease. 1040 ez online filing You receive money for granting the exclusive use of a copyright throughout its life in a particular medium. 1040 ez online filing You transfer property to satisfy a debt. 1040 ez online filing You abandon property. 1040 ez online filing Your bank or other financial institution forecloses on your mortgage or repossesses your property. 1040 ez online filing Your property is damaged, destroyed, or stolen, and you receive property or money in payment. 1040 ez online filing Your property is condemned, or disposed of under the threat of condemnation, and you receive property or money in payment. 1040 ez online filing For details about damaged, destroyed, or stolen property, see Publication 547, Casualties, Disasters, and Thefts. 1040 ez online filing For details about other dispositions, see chapter 1 in Publication 544. 1040 ez online filing Nontaxable exchanges. 1040 ez online filing   Certain exchanges of property are not taxable. 1040 ez online filing This means any gain from the exchange is not recognized and you cannot deduct any loss. 1040 ez online filing Your gain or loss will not be recognized until you sell or otherwise dispose of the property you receive. 1040 ez online filing Like-kind exchanges. 1040 ez online filing   A like-kind exchange is the exchange of property for the same kind of property. 1040 ez online filing It is the most common type of nontaxable exchange. 1040 ez online filing To be a like-kind exchange, the property traded and the property received must be both of the following. 1040 ez online filing Business or investment property. 1040 ez online filing Like property. 1040 ez online filing   Report the exchange of like-kind property on Form 8824, Like-Kind Exchanges. 1040 ez online filing For more information about like-kind exchanges, see chapter 1 in Publication 544. 1040 ez online filing Installment sales. 1040 ez online filing   An installment sale is a sale of property where you receive at least one payment after the tax year of the sale. 1040 ez online filing If you finance the buyer's purchase of your property, instead of having the buyer get a loan or mortgage from a third party, you probably have an installment sale. 1040 ez online filing   For more information about installment sales, see Publication 537, Installment Sales. 1040 ez online filing Sale of a business. 1040 ez online filing   The sale of a business usually is not a sale of one asset. 1040 ez online filing Instead, all the assets of the business are sold. 1040 ez online filing Generally, when this occurs, each asset is treated as being sold separately for determining the treatment of gain or loss. 1040 ez online filing   Both the buyer and seller involved in the sale of a business must report to the IRS the allocation of the sales price among the business assets. 1040 ez online filing Use Form 8594, Asset Acquisition Statement Under Section 1060, to provide this information. 1040 ez online filing The buyer and seller should each attach Form 8594 to their federal income tax return for the year in which the sale occurred. 1040 ez online filing   For more information about the sale of a business, see chapter 2 of Publication 544. 1040 ez online filing How Do I Figure a Gain or Loss? Table 3-1. 1040 ez online filing How To Figure a Gain or Loss IF your. 1040 ez online filing . 1040 ez online filing . 1040 ez online filing THEN you have a. 1040 ez online filing . 1040 ez online filing . 1040 ez online filing Adjusted basis is more than the amount realized Loss. 1040 ez online filing Amount realized is more than the adjusted basis Gain. 1040 ez online filing Basis, adjusted basis, amount realized, fair market value, and amount recognized are defined next. 1040 ez online filing You need to know these definitions to figure your gain or loss. 1040 ez online filing Basis. 1040 ez online filing   The cost or purchase price of property is usually its basis for figuring the gain or loss from its sale or other disposition. 1040 ez online filing However, if you acquired the property by gift, inheritance, or in some way other than buying it, you must use a basis other than its cost. 1040 ez online filing For more information about basis, see Publication 551, Basis of Assets. 1040 ez online filing Adjusted basis. 1040 ez online filing   The adjusted basis of property is your original cost or other basis plus certain additions, and minus certain deductions such as depreciation and casualty losses. 1040 ez online filing In determining gain or loss, the costs of transferring property to a new owner, such as selling expenses, are added to the adjusted basis of the property. 1040 ez online filing Amount realized. 1040 ez online filing   The amount you realize from a disposition is the total of all money you receive plus the fair market value of all property or services you receive. 1040 ez online filing The amount you realize also includes any of your liabilities that were assumed by the buyer and any liabilities to which the property you transferred is subject, such as real estate taxes or a mortgage. 1040 ez online filing Fair market value. 1040 ez online filing   Fair market value is the price at which the property would change hands between a buyer and a seller, neither having to buy or sell, and both having reasonable knowledge of all necessary facts. 1040 ez online filing Amount recognized. 1040 ez online filing   Your gain or loss realized from a disposition of property is usually a recognized gain or loss for tax purposes. 1040 ez online filing Recognized gains must be included in gross income. 1040 ez online filing Recognized losses are deductible from gross income. 1040 ez online filing However, a gain or loss realized from certain exchanges of property is not recognized. 1040 ez online filing See  Nontaxable exchanges, earlier. 1040 ez online filing Also, you cannot deduct a loss from the disposition of property held for personal use. 1040 ez online filing Is My Gain or Loss Ordinary or Capital? You must classify your gains and losses as either ordinary or capital gains or losses. 1040 ez online filing You must do this to figure your net capital gain or loss. 1040 ez online filing Generally, you will have a capital gain or loss if you dispose of a capital asset. 1040 ez online filing For the most part, everything you own and use for personal purposes or investment is a capital asset. 1040 ez online filing Certain property you use in your business is not a capital asset. 1040 ez online filing A gain or loss from a disposition of this property is an ordinary gain or loss. 1040 ez online filing However, if you held the property longer than 1 year, you may be able to treat the gain or loss as a capital gain or loss. 1040 ez online filing These gains and losses are called section 1231 gains and losses. 1040 ez online filing For more information about ordinary and capital gains and losses, see chapters 2 and 3 in Publication 544. 1040 ez online filing Is My Capital Gain or Loss Short Term or Long Term? If you have a capital gain or loss, you must determine whether it is long term or short term. 1040 ez online filing Whether a gain or loss is long or short term depends on how long you own the property before you dispose of it. 1040 ez online filing The time you own property before disposing of it is called the holding period. 1040 ez online filing Table 3-2. 1040 ez online filing Do I Have a Short-Term or Long-Term Gain or Loss? IF you hold the property. 1040 ez online filing . 1040 ez online filing . 1040 ez online filing THEN you have a. 1040 ez online filing . 1040 ez online filing . 1040 ez online filing 1 year or less Short-term capital gain or loss. 1040 ez online filing More than 1 year Long-term capital gain or loss. 1040 ez online filing For more information about short-term and long-term capital gains and losses, see chapter 4 of Publication 544. 1040 ez online filing Where Do I Report Gains and Losses? Report gains and losses from the following dispositions on the forms indicated. 1040 ez online filing The instructions for the forms explain how to fill them out. 1040 ez online filing Dispositions of business property and depreciable property. 1040 ez online filing   Use Form 4797. 1040 ez online filing If you have taxable gain, you may also have to use Schedule D (Form 1040). 1040 ez online filing Like-kind exchanges. 1040 ez online filing   Use Form 8824, Like-Kind Exchanges. 1040 ez online filing You may also have to use Form 4797 and Schedule D (Form 1040). 1040 ez online filing Installment sales. 1040 ez online filing   Use Form 6252, Installment Sale Income. 1040 ez online filing You may also have to use Form 4797 and Schedule D (Form 1040). 1040 ez online filing Casualties and thefts. 1040 ez online filing   Use Form 4684, Casualties and Thefts. 1040 ez online filing You may also have to use Form 4797. 1040 ez online filing Condemned property. 1040 ez online filing   Use Form 4797. 1040 ez online filing You may also have to use Schedule D (Form 1040). 1040 ez online filing Prev  Up  Next   Home   More Online Publications