Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

1040a 2010 Tax Form

2012 Tax ReturnFree Tax Filing 2013 Low IncomeState Income Tax ChartsIrs Free Tax FilingVita Irs1040 Tax FormIrs 1040x1040nr 2012Free File H&r BlockHttps Www Freefilefillableforms ComHttps Www Freefilefillableforms ComFiling Taxes With UnemploymentWhen Can I File An Amended Tax Return For 20131040ez 2013How Much Does It Cost To Efile2012taxesH&r Block Military Key CodeH And R BlockState Tax EfileFree State Efile Tax ReturnFree Tax Software 2011TaxaideTurbotax Free State Return140 Ez Form1040 Us Individual Income Tax Return 2012Free Prior Tax Years FilingPrintable 2011 Tax FormsFile Free Taxes For 2011 No Printing Needed2011 Tax FormsWhere Can I Get My Taxes Done For Free1040 Ez Tax Form2011 Tax Tables FederalHttp Freefile Irs Gov1040ez Federal Tax Form1040x Turbo Tax2013 1040 Ez Form1040ez FormIrs Forms 1040ez 20122013 1040xTelefile

1040a 2010 Tax Form

1040a 2010 tax form 3. 1040a 2010 tax form   Savings Incentive Match Plans for Employees (SIMPLE) Table of Contents Introduction What Is a SIMPLE Plan?Eligible Employees How Are Contributions Made? How Much Can Be Contributed on Your Behalf?Matching contributions less than 3%. 1040a 2010 tax form Traditional IRA mistakenly moved to SIMPLE IRA. 1040a 2010 tax form When Can You Withdraw or Use Assets?Are Distributions Taxable? Introduction This chapter is for employees who need information about savings incentive match plans for employees (SIMPLE plans). 1040a 2010 tax form It explains what a SIMPLE plan is, contributions to a SIMPLE plan, and distributions from a SIMPLE plan. 1040a 2010 tax form Under a SIMPLE plan, SIMPLE retirement accounts for participating employees can be set up either as: Part of a 401(k) plan, or A plan using IRAs (SIMPLE IRA). 1040a 2010 tax form This chapter only discusses the SIMPLE plan rules that relate to SIMPLE IRAs. 1040a 2010 tax form See chapter 3 of Publication 560 for information on any special rules for SIMPLE plans that do not use IRAs. 1040a 2010 tax form If your employer maintains a SIMPLE plan, you must be notified, in writing, that you can choose the financial institution that will serve as trustee for your SIMPLE IRA and that you can roll over or transfer your SIMPLE IRA to another financial institution. 1040a 2010 tax form See Rollovers and Transfers Exception, later under When Can You Withdraw or Use Assets. 1040a 2010 tax form What Is a SIMPLE Plan? A SIMPLE plan is a tax-favored retirement plan that certain small employers (including self-employed individuals) can set up for the benefit of their employees. 1040a 2010 tax form See chapter 3 of Publication 560 for information on the requirements employers must satisfy to set up a SIMPLE plan. 1040a 2010 tax form A SIMPLE plan is a written agreement (salary reduction agreement) between you and your employer that allows you, if you are an eligible employee (including a self-employed individual), to choose to: Reduce your compensation (salary) by a certain percentage each pay period, and Have your employer contribute the salary reductions to a SIMPLE IRA on your behalf. 1040a 2010 tax form These contributions are called salary reduction contributions. 1040a 2010 tax form All contributions under a SIMPLE IRA plan must be made to SIMPLE IRAs, not to any other type of IRA. 1040a 2010 tax form The SIMPLE IRA can be an individual retirement account or an individual retirement annuity, described in chapter 1. 1040a 2010 tax form Contributions are made on behalf of eligible employees. 1040a 2010 tax form (See Eligible Employees below. 1040a 2010 tax form ) Contributions are also subject to various limits. 1040a 2010 tax form (See How Much Can Be Contributed on Your Behalf , later. 1040a 2010 tax form ) In addition to salary reduction contributions, your employer must make either matching contributions or nonelective contributions. 1040a 2010 tax form See How Are Contributions Made , later. 1040a 2010 tax form You may be able to claim a credit for contributions to your SIMPLE plan. 1040a 2010 tax form For more information, see chapter 4. 1040a 2010 tax form Eligible Employees You must be allowed to participate in your employer's SIMPLE plan if you: Received at least $5,000 in compensation from your employer during any 2 years prior to the current year, and Are reasonably expected to receive at least $5,000 in compensation during the calendar year for which contributions are made. 1040a 2010 tax form Self-employed individual. 1040a 2010 tax form   For SIMPLE plan purposes, the term employee includes a self-employed individual who received earned income. 1040a 2010 tax form Excludable employees. 1040a 2010 tax form   Your employer can exclude the following employees from participating in the SIMPLE plan. 1040a 2010 tax form Employees whose retirement benefits are covered by a collective bargaining agreement (union contract). 1040a 2010 tax form Employees who are nonresident aliens and received no earned income from sources within the United States. 1040a 2010 tax form Employees who would not have been eligible employees if an acquisition, disposition, or similar transaction had not occurred during the year. 1040a 2010 tax form Compensation. 1040a 2010 tax form   For purposes of the SIMPLE plan rules, your compensation for a year generally includes the following amounts. 1040a 2010 tax form Wages, tips, and other pay from your employer that is subject to income tax withholding. 1040a 2010 tax form Deferred amounts elected under any 401(k) plans, 403(b) plans, government (section 457) plans, SEP plans, and SIMPLE plans. 1040a 2010 tax form Self-employed individual compensation. 1040a 2010 tax form   For purposes of the SIMPLE plan rules, if you are self-employed, your compensation for a year is your net earnings from self-employment (Schedule SE (Form 1040), Section A, line 4, or Section B, line 6) before subtracting any contributions made to a SIMPLE IRA on your behalf. 1040a 2010 tax form   For these purposes, net earnings from self-employment include services performed while claiming exemption from self-employment tax as a member of a group conscientiously opposed to social security benefits. 1040a 2010 tax form How Are Contributions Made? Contributions under a salary reduction agreement are called salary reduction contributions. 1040a 2010 tax form They are made on your behalf by your employer. 1040a 2010 tax form Your employer must also make either matching contributions or nonelective contributions. 1040a 2010 tax form Salary reduction contributions. 1040a 2010 tax form   During the 60-day period before the beginning of any year, and during the 60-day period before you are eligible, you can choose salary reduction contributions expressed either as a percentage of compensation, or as a specific dollar amount (if your employer offers this choice). 1040a 2010 tax form You can choose to cancel the election at any time during the year. 1040a 2010 tax form   Salary reduction contributions are also referred to as “elective deferrals. 1040a 2010 tax form ”   Your employer cannot place restrictions on the contributions amount (such as by limiting the contributions percentage), except to comply with the salary reduction contributions limit, discussed under How Much Can Be Contributed on Your Behalf, later. 1040a 2010 tax form Matching contributions. 1040a 2010 tax form   Unless your employer chooses to make nonelective contributions, your employer must make contributions equal to the salary reduction contributions you choose (elect), but only up to certain limits. 1040a 2010 tax form See How Much Can Be Contributed on Your Behalf below. 1040a 2010 tax form These contributions are in addition to the salary reduction contributions and must be made to the SIMPLE IRAs of all eligible employees (defined earlier) who chose salary reductions. 1040a 2010 tax form These contributions are referred to as matching contributions. 1040a 2010 tax form   Matching contributions on behalf of a self-employed individual are not treated as salary reduction contributions. 1040a 2010 tax form Nonelective contributions. 1040a 2010 tax form   Instead of making matching contributions, your employer may be able to choose to make nonelective contributions on behalf of all eligible employees. 1040a 2010 tax form These nonelective contributions must be made on behalf of each eligible employee who has at least $5,000 of compensation from your employer, whether or not the employee chose salary reductions. 1040a 2010 tax form   One of the requirements your employer must satisfy is notifying the employees that the election was made. 1040a 2010 tax form For other requirements that your employer must satisfy, see chapter 3 of Publication 560. 1040a 2010 tax form How Much Can Be Contributed on Your Behalf? The limits on contributions to a SIMPLE IRA vary with the type of contribution that is made. 1040a 2010 tax form Salary reduction contributions limit. 1040a 2010 tax form   Salary reduction contributions (employee-chosen contributions or elective deferrals) that your employer can make on your behalf under a SIMPLE plan are limited to $12,000 for 2013. 1040a 2010 tax form The limitation remains at $12,000 for 2014. 1040a 2010 tax form If you are a participant in any other employer plans during 2013 and you have elective salary reductions or deferred compensation under those plans, the salary reduction contributions under the SIMPLE plan also are included in the annual limit of $17,500 for 2013 on exclusions of salary reductions and other elective deferrals. 1040a 2010 tax form You, not your employer, are responsible for monitoring compliance with these limits. 1040a 2010 tax form Additional elective deferrals can be contributed to your SIMPLE plan if: You reached age 50 by the end of 2013, and No other elective deferrals can be made for you to the plan for the year because of limits or restrictions, such as the regular annual limit. 1040a 2010 tax form The most that can be contributed in additional elective deferrals to your SIMPLE plan is the lesser of the following two amounts. 1040a 2010 tax form $2,500 for 2013, or Your compensation for the year reduced by your other elective deferrals for the year. 1040a 2010 tax form The additional deferrals are not subject to any other contribution limit and are not taken into account in applying other contribution limits. 1040a 2010 tax form The additional deferrals are not subject to the nondiscrimination rules as long as all eligible participants are allowed to make them. 1040a 2010 tax form Matching employer contributions limit. 1040a 2010 tax form   Generally, your employer must make matching contributions to your SIMPLE IRA in an amount equal to your salary reduction contributions. 1040a 2010 tax form These matching contributions cannot be more than 3% of your compensation for the calendar year. 1040a 2010 tax form See Matching contributions less than 3% below. 1040a 2010 tax form Example 1. 1040a 2010 tax form In 2013, Joshua was a participant in his employer's SIMPLE plan. 1040a 2010 tax form His compensation, before SIMPLE plan contributions, was $41,600 ($800 per week). 1040a 2010 tax form Instead of taking it all in cash, Joshua elected to have 12. 1040a 2010 tax form 5% of his weekly pay ($100) contributed to his SIMPLE IRA. 1040a 2010 tax form For the full year, Joshua's salary reduction contributions were $5,200, which is less than the $12,000 limit on these contributions. 1040a 2010 tax form Under the plan, Joshua's employer was required to make matching contributions to Joshua's SIMPLE IRA. 1040a 2010 tax form Because his employer's matching contributions must equal Joshua's salary reductions, but cannot be more than 3% of his compensation (before salary reductions) for the year, his employer's matching contribution was limited to $1,248 (3% of $41,600). 1040a 2010 tax form Example 2. 1040a 2010 tax form Assume the same facts as in Example 1 , except that Joshua's compensation for the year was $408,163 and he chose to have 2. 1040a 2010 tax form 94% of his weekly pay contributed to his SIMPLE IRA. 1040a 2010 tax form In this example, Joshua's salary reduction contributions for the year (2. 1040a 2010 tax form 94% × $408,163) were equal to the 2013 limit for salary reduction contributions ($12,000). 1040a 2010 tax form Because 3% of Joshua's compensation ($12,245) is more than the amount his employer was required to match ($12,000), his employer's matching contributions were limited to $12,000. 1040a 2010 tax form In this example, total contributions made on Joshua's behalf for the year were $24,000 ($12,000 (Joshua's contributions) + $12,000 (matching contributions)), the maximum contributions permitted under a SIMPLE IRA for 2013. 1040a 2010 tax form Matching contributions less than 3%. 1040a 2010 tax form   Your employer can reduce the 3% limit on matching contributions for a calendar year, but only if: The limit is not reduced below 1%, The limit is not reduced for more than 2 years out of the 5-year period that ends with (and includes) the year for which the election is effective, and Employees are notified of the reduced limit within a reasonable period of time before the 60-day election period during which they can enter into salary reduction agreements. 1040a 2010 tax form   For purposes of applying the rule in item (2) in determining whether the limit was reduced below 3% for the year, any year before the first year in which your employer (or a former employer) maintains a SIMPLE IRA plan will be treated as a year for which the limit was 3%. 1040a 2010 tax form If your employer chooses to make nonelective contributions for a year, that year also will be treated as a year for which the limit was 3%. 1040a 2010 tax form Nonelective employer contributions limit. 1040a 2010 tax form   If your employer chooses to make nonelective contributions, instead of matching contributions, to each eligible employee's SIMPLE IRA, contributions must be 2% of your compensation for the entire year. 1040a 2010 tax form For 2013, only $255,000 of your compensation can be taken into account to figure the contribution limit. 1040a 2010 tax form   Your employer can substitute the 2% nonelective contribution for the matching contribution for a year if both of the following requirements are met. 1040a 2010 tax form Eligible employees are notified that a 2% nonelective contribution will be made instead of a matching contribution. 1040a 2010 tax form This notice is provided within a reasonable period during which employees can enter into salary reduction agreements. 1040a 2010 tax form Example 3. 1040a 2010 tax form Assume the same facts as in Example 2 , except that Joshua's employer chose to make nonelective contributions instead of matching contributions. 1040a 2010 tax form Because his employer's nonelective contributions are limited to 2% of up to $255,000 of Joshua's compensation, his employer's contribution to Joshua's SIMPLE IRA was limited to $5,100. 1040a 2010 tax form In this example, total contributions made on Joshua's behalf for the year were $17,100 (Joshua's salary reductions of $12,000 plus his employer's contribution of $5,100). 1040a 2010 tax form Traditional IRA mistakenly moved to SIMPLE IRA. 1040a 2010 tax form   If you mistakenly roll over or transfer an amount from a traditional IRA to a SIMPLE IRA, you can later recharacterize the amount as a contribution to another traditional IRA. 1040a 2010 tax form For more information, see Recharacterizations in chapter 1. 1040a 2010 tax form Recharacterizing employer contributions. 1040a 2010 tax form   You cannot recharacterize employer contributions (including elective deferrals) under a SEP or SIMPLE plan as contributions to another IRA. 1040a 2010 tax form SEPs are discussed in chapter 2 of Publication 560. 1040a 2010 tax form SIMPLE plans are discussed in this chapter. 1040a 2010 tax form Converting from a SIMPLE IRA. 1040a 2010 tax form   Generally, you can convert an amount in your SIMPLE IRA to a Roth IRA under the same rules explained in chapter 1 under Converting From Any Traditional IRA Into a Roth IRA . 1040a 2010 tax form    However, you cannot convert any amount distributed from the SIMPLE IRA during the 2-year period beginning on the date you first participated in any SIMPLE IRA plan maintained by your employer. 1040a 2010 tax form When Can You Withdraw or Use Assets? Generally, the same distribution (withdrawal) rules that apply to traditional IRAs apply to SIMPLE IRAs. 1040a 2010 tax form These rules are discussed in chapter 1. 1040a 2010 tax form Your employer cannot restrict you from taking distributions from a SIMPLE IRA. 1040a 2010 tax form Are Distributions Taxable? Generally, distributions from a SIMPLE IRA are fully taxable as ordinary income. 1040a 2010 tax form If the distribution is an early distribution (discussed in chapter 1), it may be subject to the additional tax on early distributions. 1040a 2010 tax form See Additional Tax on Early Distributions, later. 1040a 2010 tax form Rollovers and Transfers Exception Generally, rollovers and trustee-to-trustee transfers are not taxable distributions. 1040a 2010 tax form Two-year rule. 1040a 2010 tax form   To qualify as a tax-free rollover (or a tax-free trustee-to-trustee transfer), a rollover distribution (or a transfer) made from a SIMPLE IRA during the 2-year period beginning on the date on which you first participated in your employer's SIMPLE plan must be contributed (or transferred) to another SIMPLE IRA. 1040a 2010 tax form The 2-year period begins on the first day on which contributions made by your employer are deposited in your SIMPLE IRA. 1040a 2010 tax form   After the 2-year period, amounts in a SIMPLE IRA can be rolled over or transferred tax free to an IRA other than a SIMPLE IRA, or to a qualified plan, a tax-sheltered annuity plan (section 403(b) plan), or deferred compensation plan of a state or local government (section 457 plan). 1040a 2010 tax form Additional Tax on Early Distributions The additional tax on early distributions (discussed in chapter 1) applies to SIMPLE IRAs. 1040a 2010 tax form If a distribution is an early distribution and occurs during the 2-year period following the date on which you first participated in your employer's SIMPLE plan, the additional tax on early distributions is increased from 10% to 25%. 1040a 2010 tax form If a rollover distribution (or transfer) from a SIMPLE IRA does not satisfy the 2-year rule, and is otherwise an early distribution, the additional tax imposed because of the early distribution is increased from 10% to 25% of the amount distributed. 1040a 2010 tax form Prev  Up  Next   Home   More Online Publications
Español

Federal Transit Administration

The Federal Transit Administration seeks to improve public transportation by assisting state and local governments with planning, implementation, and financing of public transportation projects.

Contact the Agency or Department

Website: Federal Transit Administration

Contact In-Person: Contact Your Local FTA Office

Address: East Building
1200 New Jersey Ave SE

Washington, DC 20590

Phone Number: (202) 366-4043

Toll-free: (866) 377-8642

TTY: (800) 877-8339

The 1040a 2010 Tax Form

1040a 2010 tax form Publication 939 - Introductory Material Table of Contents What's New Future developments. 1040a 2010 tax form IntroductionSimplified Method. 1040a 2010 tax form Ordering forms and publications. 1040a 2010 tax form Tax questions. 1040a 2010 tax form Useful Items - You may want to see: What's New Beginning in 2013, distributions from an annuity under a nonqualified plan are considered net investment income for the purpose of figuring the net investment income tax (NIIT). 1040a 2010 tax form For more information, see the instructions for Form 8960, Net Investment Income Tax – Individuals, Estates and Trusts. 1040a 2010 tax form Future developments. 1040a 2010 tax form For the latest information about developments related to Publication 939, such as legislation enacted after it was published, go to www. 1040a 2010 tax form IRS. 1040a 2010 tax form gov/pub939. 1040a 2010 tax form Introduction This publication gives you the information you need to determine the tax treatment of your pension and annuity income under the General Rule. 1040a 2010 tax form Generally, each of your monthly annuity payments is made up of two parts: the tax-free part that is a return of your net cost, and the taxable balance. 1040a 2010 tax form What is the General Rule. 1040a 2010 tax form   The General Rule is one of the two methods used to figure the tax-free part of each annuity payment based on the ratio of your investment in the contract to the total expected return. 1040a 2010 tax form The other method is the Simplified Method, which is discussed in Publication 575, Pension and Annuity Income. 1040a 2010 tax form Who must use the General Rule. 1040a 2010 tax form   Use this publication if you receive pension or annuity payments from: A nonqualified plan (for example, a private annuity, a purchased commercial annuity, or a nonqualified employee plan), A qualified plan if: Your annuity starting date is before November 19, 1996 (and after July 1, 1986), and you do not qualify to use, or did not choose to use, the Simplified Method, or Your annuity starting date is after November 18, 1996, and as of that date you are age 75 or over and the annuity payments are guaranteed for at least 5 years. 1040a 2010 tax form If your annuity starting date was between July 1, 1986 and November 19, 1996, you were able to elect to use the Simplified Method or the General Rule. 1040a 2010 tax form This choice is irrevocable and applied to all later annuity payments. 1040a 2010 tax form The following are qualified plans. 1040a 2010 tax form A qualified employee plan. 1040a 2010 tax form A qualified employee annuity. 1040a 2010 tax form A tax-sheltered annuity (TSA) plan or contract. 1040a 2010 tax form Simplified Method. 1040a 2010 tax form   If you receive pension or annuity payments from a qualified plan and you are not required to use the General Rule, you must use the Simplified Method to determine the tax-free part of each annuity payment. 1040a 2010 tax form This method is described in Publication 575, Pension and Annuity Income. 1040a 2010 tax form   Also, if, at the time the annuity payments began, you were at least age 75 and were entitled to annuity payments from a qualified plan with fewer than 5 years of guaranteed payments, you must use the Simplified Method. 1040a 2010 tax form Beginning in 2013, distributions from an annuity under a nonqualified plan are considered net investment income for the purpose of figuring the net investment income tax (NIIT). 1040a 2010 tax form For more information, see the instructions for Form 8960, Net Investment Income Tax – Individuals, Estates and Trusts. 1040a 2010 tax form Topics not covered in this publication. 1040a 2010 tax form   Certain topics related to pensions and annuities are not covered in this publication. 1040a 2010 tax form They include: Simplified Method. 1040a 2010 tax form This method is covered in Publication 575. 1040a 2010 tax form That publication also covers nonperiodic payments (amounts not received as an annuity) from a qualified pension or annuity plan, rollovers, special averaging and capital gain treatment of lump-sum distributions, and special additional taxes on early distributions, excess distributions, and excess accumulations (not making required minimum distributions). 1040a 2010 tax form Individual retirement arrangements (IRAs). 1040a 2010 tax form Information on the tax treatment of amounts you receive from an IRA is included in Publication 590, Individual Retirement Arrangements (IRAs). 1040a 2010 tax form Life insurance payments. 1040a 2010 tax form If you receive life insurance payments because of the death of the insured person, get Publication 525, Taxable and Nontaxable Income, for information on the tax treatment of the proceeds. 1040a 2010 tax form Help from IRS. 1040a 2010 tax form   If, after reading this publication, you need help to figure the taxable part of your pension or annuity, the IRS can do it for you for a fee. 1040a 2010 tax form For information on this service, see Requesting a Ruling on Taxation of Annuity , later. 1040a 2010 tax form Comments and suggestions. 1040a 2010 tax form   We welcome your comments about this publication and your suggestions for future editions. 1040a 2010 tax form   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. 1040a 2010 tax form NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. 1040a 2010 tax form Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. 1040a 2010 tax form   You can send your comments from www. 1040a 2010 tax form irs. 1040a 2010 tax form gov/formspubs/. 1040a 2010 tax form Click on “More Information” and then on “Comment on Tax Forms and Publications”. 1040a 2010 tax form   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. 1040a 2010 tax form Ordering forms and publications. 1040a 2010 tax form   Visit www. 1040a 2010 tax form irs. 1040a 2010 tax form 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. 1040a 2010 tax form Internal Revenue Service 1201 N. 1040a 2010 tax form Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. 1040a 2010 tax form   If you have a tax question, check the information available on IRS. 1040a 2010 tax form gov or call 1-800-829-1040. 1040a 2010 tax form We cannot answer tax questions sent to either of the above addresses. 1040a 2010 tax form Useful Items - You may want to see: Publication 524 Credit for the Elderly or the Disabled 525 Taxable and Nontaxable Income 571 Tax-Sheltered Annuity Plans (403(b) Plans) 575 Pension and Annuity Income 590 Individual Retirement Arrangements (IRAs) 721 Tax Guide to U. 1040a 2010 tax form S. 1040a 2010 tax form Civil Service Retirement Benefits 910 Guide To Free Tax Services Form (and Instructions) 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. 1040a 2010 tax form See How To Get Tax Help near the end of this publication for information about getting these publications and forms. 1040a 2010 tax form Prev  Up  Next   Home   More Online Publications