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2010 1040x 3. 2010 1040x Adjustments to Income Table of Contents Individual Retirement Arrangement (IRA) Contributions and DeductionsContributions to Kay Bailey Hutchison Spousal IRAs. 2010 1040x Deductible contribution. 2010 1040x Nondeductible contribution. 2010 1040x You may be able to subtract amounts from your total income (Form 1040, line 22 or Form 1040A, line 15) or total effectively connected income (Form 1040NR, line 23) to get your adjusted gross income (Form 1040, line 37; Form 1040A, line 21; or Form 1040NR, line 36). 2010 1040x Some adjustments to income follow. 2010 1040x Contributions to your individual retirement arrangement (IRA) (Form 1040, line 32; Form 1040A, line 17; or Form 1040NR, line 32), explained later in this publication. 2010 1040x Certain moving expenses (Form 1040, line 26; or Form 1040NR, line 26) if you changed job locations or started a new job in 2013. 2010 1040x See Publication 521, Moving Expenses, or see Form 3903, Moving Expenses, and its instructions. 2010 1040x Some health insurance costs (Form 1040, line 29 or Form 1040NR, line 29) if you were self-employed and had a net profit for the year, or if you received wages in 2013 from an S corporation in which you were a more-than-2% shareholder. 2010 1040x For more details, see Publication 535, Business Expenses. 2010 1040x Payments to your self-employed SEP, SIMPLE, or qualified plan (Form 1040, line 28 or Form 1040NR, line 28). 2010 1040x For more information, including limits on how much you can deduct, see Publication 560, Retirement Plans for Small Business. 2010 1040x Penalties paid on early withdrawal of savings (Form 1040, line 30 or Form 1040NR, line 30). 2010 1040x Form 1099-INT, Interest Income, or Form 1099-OID, Original Issue Discount, will show the amount of any penalty you were charged. 2010 1040x Alimony payments (Form 1040, line 31a). 2010 1040x For more information, see Publication 504, Divorced or Separated Individuals. 2010 1040x There are other items you can claim as adjustments to income. 2010 1040x These adjustments are discussed in your tax return instructions. 2010 1040x Individual Retirement Arrangement (IRA) Contributions and Deductions This section explains the tax treatment of amounts you pay into traditional IRAs. 2010 1040x A traditional IRA is any IRA that is not a Roth or SIMPLE IRA. 2010 1040x Roth and SIMPLE IRAs are defined earlier in the IRA discussion under Retirement Plan Distributions . 2010 1040x For more detailed information, see Publication 590. 2010 1040x Contributions. 2010 1040x An IRA is a personal savings plan that offers you tax advantages to set aside money for your retirement. 2010 1040x Two advantages of a traditional IRA are: You may be able to deduct some or all of your contributions to it, depending on your circumstances, and Generally, amounts in your IRA, including earnings and gains, are not taxed until distributed. 2010 1040x Although interest earned from your traditional IRA generally is not taxed in the year earned, it is not tax-exempt interest. 2010 1040x Do not report this interest on your tax return as tax-exempt interest. 2010 1040x General limit. 2010 1040x The most that can be contributed for 2013 to your traditional IRA is the smaller of the following amounts. 2010 1040x Your taxable compensation for the year, or $5,500 ($6,500 if you were age 50 or older by the end of 2013). 2010 1040x Contributions to Kay Bailey Hutchison Spousal IRAs. 2010 1040x In the case of a married couple filing a joint return for 2013, up to $5,500 ($6,500 for each spouse age 50 or older by the end of 2013) can be contributed to IRAs on behalf of each spouse, even if one spouse has little or no compensation. 2010 1040x For more information on the general limit and the Kay Bailey Hutchison Spousal IRA limit, see How Much Can Be Contributed? in Publication 590. 2010 1040x Deductible contribution. 2010 1040x Generally, you can deduct the lesser of the contributions to your traditional IRA for the year or the general limit (or Kay Bailey Hutchison Spousal IRA limit, if applicable) just explained. 2010 1040x However, if you or your spouse was covered by an employer retirement plan at any time during the year for which contributions were made, you may not be able to deduct all of the contributions. 2010 1040x Your deduction may be reduced or eliminated, depending on your filing status and the amount of your income. 2010 1040x For more information, see Limit if Covered by Employer Plan in Publication 590. 2010 1040x Nondeductible contribution. 2010 1040x The difference between your total permitted contributions and your IRA deduction, if any, is your nondeductible contribution. 2010 1040x You must file Form 8606, Nondeductible IRAs, to report nondeductible contributions even if you do not have to file a tax return for the year. 2010 1040x For 2014, the most that can be contributed to your traditional IRA is $5,500 ($6,500 if you are age 50 or older at the end of 2014). 2010 1040x Prev Up Next Home More Online Publications
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The 2010 1040x
2010 1040x Publication 570 - Introductory Material Table of Contents Future developments. 2010 1040x What's New Reminders IntroductionOrdering forms and publications. 2010 1040x Tax questions. 2010 1040x Useful Items - You may want to see: Future developments. 2010 1040x For information about any additional changes to the 2013 tax law affecting Pub. 2010 1040x 570, please go to www. 2010 1040x irs. 2010 1040x gov/pub570. 2010 1040x What's New Maximum income subject to social security tax. 2010 1040x . 2010 1040x For 2013, the maximum amount of self-employment income subject to social security is $113,700. 2010 1040x Optional methods to figure net earnings. 2010 1040x . 2010 1040x For 2013, the maximum income for using the optional methods is $4,640. 2010 1040x Additional Medicare Tax. 2010 1040x Beginning in 2013, you may be required to pay Additional Medicare Tax. 2010 1040x Also, you may need to report Additional Medicare Tax withheld by your employer. 2010 1040x For more information, see Additional Medicare Tax under Special Rules for Completing Your U. 2010 1040x S. 2010 1040x Tax Return in chapter 4. 2010 1040x Net Investment Income Tax. 2010 1040x Beginning in 2013, the Net Investment Income Tax (NIIT) imposes a 3. 2010 1040x 8% tax on the lesser of an individual's net investment income or the excess of the individual's modified adjusted gross income over a specified threshold amount. 2010 1040x Bona fide residents of Puerto Rico and American Samoa who have a federal income tax return filing obligation may be liable for the NIIT if the taxpayer's modified adjusted gross income from non-territory sources exceeds a specified threshold amount. 2010 1040x Also, bona fide residents must take into account any additional tax liability associated with the NIIT when calculating their estimated tax payments. 2010 1040x The NIIT does not apply to any individual who is a nonresident alien with respect to the United States. 2010 1040x For more information, see Net Investment Income Tax under Bona Fide Resident of American Samoa and Bona Fide Resident of Puerto Rico in chapter 3. 2010 1040x Reminders Individual taxpayer identification numbers (ITINs) for aliens. 2010 1040x If you are a nonresident or resident alien and you do not have and are not eligible to get a social security number (SSN), you must apply for an ITIN. 2010 1040x For details on how to do so, see Form W-7, Application for IRS Individual Taxpayer Identification Number, and its instructions. 2010 1040x Allow 6 weeks for the IRS to notify you of your ITIN (8-10 weeks if submitted during peak processing periods (January 15 through April 30) or if you are filing from overseas). 2010 1040x If you already have an ITIN, enter it wherever your SSN is requested on your tax return. 2010 1040x Effective January 1, 2013, the IRS implemented new procedures that affect the Individual Taxpayer Identification Number (ITIN) application process. 2010 1040x The documentation requirements for individuals seeking an ITIN, have been superseded by these changes. 2010 1040x Authorized representatives are required to complete forensic training and submit the certificate of completion to the IRS no later than January 31, 2014. 2010 1040x Taxpayers and their representatives should review these program changes, which are further explained in the Frequently Asked Questions at www. 2010 1040x irs. 2010 1040x gov/Individuals/Individual-Taxpayer-Identification-Number-(ITIN), before requesting an ITIN. 2010 1040x An ITIN is for tax use only. 2010 1040x It does not entitle you to social security benefits or change your employment or immigration status under U. 2010 1040x S. 2010 1040x law. 2010 1040x Electronic filing. 2010 1040x . 2010 1040x You can e-file Form 1040-SS. 2010 1040x For general information about electronic filing, visit www. 2010 1040x irs. 2010 1040x gov/efile. 2010 1040x Earned income credit (EIC). 2010 1040x Generally, if you are a bona fide resident of a U. 2010 1040x S. 2010 1040x possession, you cannot claim the EIC on your U. 2010 1040x S. 2010 1040x tax return. 2010 1040x However, certain U. 2010 1040x S. 2010 1040x possessions may allow bona fide residents to claim the EIC on their possession tax return. 2010 1040x To claim the EIC on your U. 2010 1040x S. 2010 1040x tax return, your home (and your spouse's if filing a joint return) must have been in the United States for more than half the year. 2010 1040x If you have a child, the child must have lived with you in the United States for more than half the year. 2010 1040x For this purpose, the United States includes only the 50 states and the District of Columbia. 2010 1040x Special rules apply to military personnel stationed outside the United States. 2010 1040x For more information on this credit, see Publication 596, Earned Income Credit. 2010 1040x Form 8938, Statement of Specified Foreign Financial Assets. 2010 1040x If you have specified foreign financial assets in foreign jurisdictions valued above certain threshold dollar amounts, you may have to file Form 8938, Statement of Specified Foreign Financial Assets, when you file your U. 2010 1040x S. 2010 1040x income tax return with the IRS. 2010 1040x If you are required to file Form 8938, you do not have to report certain specified foreign financial assets on Form 8938. 2010 1040x See Bona fide resident of a U. 2010 1040x S. 2010 1040x possession, in the Instructions for Form 8938 for more details. 2010 1040x For additional details, go to the page for the Foreign Account Tax Compliance Act (FATCA) at www. 2010 1040x irs. 2010 1040x gov/businesses/corporations/article/0,,id=236667,00. 2010 1040x html. 2010 1040x If you do not have to file a federal income tax return with the United States, you are not required to file a Form 8938 with the IRS. 2010 1040x Change of address. 2010 1040x If you change your mailing address, use Form 8822, Change of Address, to notify the Internal Revenue Service and U. 2010 1040x S. 2010 1040x possession tax administration, if appropriate. 2010 1040x Mail Form 8822 to the Internal Revenue Service Center or U. 2010 1040x S. 2010 1040x possession tax administration for your old address (addresses for the Service Centers are on the back of the form). 2010 1040x If you change your address before filing your tax return, write the new address in the appropriate boxes of your tax return when you file. 2010 1040x Photographs of missing children. 2010 1040x The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. 2010 1040x Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. 2010 1040x 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. 2010 1040x Introduction This publication discusses how to treat income received from the following U. 2010 1040x S. 2010 1040x possessions on your tax return(s). 2010 1040x American Samoa. 2010 1040x The Commonwealth of Puerto Rico (Puerto Rico). 2010 1040x The Commonwealth of the Northern Mariana Islands (CNMI). 2010 1040x Guam. 2010 1040x The U. 2010 1040x S. 2010 1040x Virgin Islands (USVI). 2010 1040x Unless stated otherwise, when the term “possession” is used in this publication, it includes the Commonwealths of Puerto Rico and the Northern Mariana Islands. 2010 1040x Chapter 1 discusses the requirements for being considered a bona fide resident of the listed possessions. 2010 1040x Chapter 2 gives the rules for determining if your income is from sources within, or effectively connected with a trade or business in, those possessions. 2010 1040x Next, chapter 3 looks at the rules for filing tax returns when you receive income from any of these possessions. 2010 1040x You may have to file a U. 2010 1040x S. 2010 1040x tax return only, a possession tax return only, or both returns. 2010 1040x This generally depends on whether you are a bona fide resident of the possession. 2010 1040x In some cases, you may have to file a U. 2010 1040x S. 2010 1040x return, but will be able to exclude income earned in a possession from U. 2010 1040x S. 2010 1040x tax. 2010 1040x You can find illustrated examples of some of the additional forms required in chapter 5. 2010 1040x If you are not a bona fide resident of one of the possessions listed earlier, or are otherwise required to file a U. 2010 1040x S. 2010 1040x income tax return, the information in chapter 4 will tell you how to file your U. 2010 1040x S. 2010 1040x tax return. 2010 1040x This information also applies if you have income from U. 2010 1040x S. 2010 1040x insular areas other than the five possessions listed earlier because that income will not qualify for any of the exclusions or other benefits discussed in chapter 3. 2010 1040x These other U. 2010 1040x S. 2010 1040x insular areas include: Baker Island, Howland Island, Jarvis Island, Johnston Island, Kingman Reef, Midway Islands, Palmyra Atoll, and Wake Island. 2010 1040x If you need information on U. 2010 1040x S. 2010 1040x taxation, write to: Internal Revenue Service Philadelphia, PA 19255-0725 If you need additional information on your tax obligations in a U. 2010 1040x S. 2010 1040x possession, write to the tax department of that possession. 2010 1040x Their addresses are provided in chapter 3 under the individual headings for each possession. 2010 1040x Comments and suggestions. 2010 1040x We welcome your comments about this publication and your suggestions for future editions. 2010 1040x You can send us comments from www. 2010 1040x irs. 2010 1040x gov/formspubs/. 2010 1040x Click on “More Information”and then on “Comment on Tax Forms and Publications. 2010 1040x ” Or you can write to us at the following address: Internal Revenue Service Tax Forms and Publications SE:W:CAR:MP:TFP 1111 Constitution Ave. 2010 1040x NW, IR-6526 Washington, DC 20224 We respond to many letters by telephone. 2010 1040x Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. 2010 1040x 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. 2010 1040x Ordering forms and publications. 2010 1040x Visit www. 2010 1040x irs. 2010 1040x 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. 2010 1040x Internal Revenue Service 1201 N. 2010 1040x Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. 2010 1040x If you have a tax question, check the information available on IRS. 2010 1040x gov or call 1-800-829-1040. 2010 1040x We cannot answer tax questions sent to either of the above addresses. 2010 1040x You can get the necessary possession tax forms at the tax office for the appropriate possession. 2010 1040x The office addresses are given in chapter 3. 2010 1040x Useful Items - You may want to see: Publication 54 Tax Guide for U. 2010 1040x S. 2010 1040x Citizens and Resident Aliens Abroad 514 Foreign Tax Credit for Individuals 519 U. 2010 1040x S. 2010 1040x Tax Guide for Aliens Form (and Instructions) 1040-PR Planilla para la Declaración de la Contribución Federal sobre el Trabajo por Cuenta Propia (Incluyendo el Crédito Tributario Adicional por Hijos para Residentes Bona Fide de Puerto Rico) 1040-SS U. 2010 1040x S. 2010 1040x Self-Employment Tax Return (Including the Additional Child Tax Credit for Bona Fide Residents of Puerto Rico) 1116 Foreign Tax Credit 4563 Exclusion of Income for Bona Fide Residents of American Samoa 4868 Application for Automatic Extension of Time To File U. 2010 1040x S. 2010 1040x Individual Income Tax Return 5074 Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands (CNMI) 8689 Allocation of Individual Income Tax to the U. 2010 1040x S. 2010 1040x Virgin Islands 8898 Statement for Individuals Who Begin or End Bona Fide Residence In a U. 2010 1040x S. 2010 1040x Possession 8959 Additional Medicare Tax 8960 Net Investment Income Tax—Individuals, Estates, and Trusts Prev Up Next Home More Online Publications