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Can I Amend My Tax Return

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Can I Amend My Tax Return

Can i amend my tax return 4. Can i amend my tax return   How Income of Aliens Is Taxed Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Resident Aliens Nonresident AliensTrade or Business in the United States Effectively Connected Income The 30% Tax Income From Real Property Transportation Tax Interrupted Period of Residence Expatriation TaxExpatriation Before June 4, 2004 Expatriation After June 3, 2004, and Before June 17, 2008 Expatriation After June 16, 2008 Introduction Resident and nonresident aliens are taxed in different ways. Can i amend my tax return Resident aliens are generally taxed in the same way as U. Can i amend my tax return S. Can i amend my tax return citizens. Can i amend my tax return Nonresident aliens are taxed based on the source of their income and whether or not their income is effectively connected with a U. Can i amend my tax return S. Can i amend my tax return trade or business. Can i amend my tax return The following discussions will help you determine if income you receive during the tax year is effectively connected with a U. Can i amend my tax return S. Can i amend my tax return trade or business and how it is taxed. Can i amend my tax return Topics - This chapter discusses: Income that is effectively connected with a U. Can i amend my tax return S. Can i amend my tax return trade or business. Can i amend my tax return Income that is not effectively connected with a U. Can i amend my tax return S. Can i amend my tax return trade or business. Can i amend my tax return Interrupted period of residence. Can i amend my tax return Expatriation tax. Can i amend my tax return Useful Items - You may want to see: Publication 544 Sales and Other Dispositions of Assets 1212 List of Original Issue Discount Instruments Form (and Instructions) 6251 Alternative Minimum Tax—Individuals Schedule D (Form 1040) Capital Gains and Losses See chapter 12 for information about getting these publications and forms. Can i amend my tax return Resident Aliens Resident aliens are generally taxed in the same way as U. Can i amend my tax return S. Can i amend my tax return citizens. Can i amend my tax return This means that their worldwide income is subject to U. Can i amend my tax return S. Can i amend my tax return tax and must be reported on their U. Can i amend my tax return S. Can i amend my tax return tax return. Can i amend my tax return Income of resident aliens is subject to the graduated tax rates that apply to U. Can i amend my tax return S. Can i amend my tax return citizens. Can i amend my tax return Resident aliens use the Tax Table or Tax Computation Worksheets located in the Form 1040 instructions, which apply to U. Can i amend my tax return S. Can i amend my tax return citizens. Can i amend my tax return Nonresident Aliens A nonresident alien's income that is subject to U. Can i amend my tax return S. Can i amend my tax return income tax must be divided into two categories: Income that is effectively connected with a trade or business in the United States, and Income that is not effectively connected with a trade or business in the United States (discussed under The 30% Tax, later). Can i amend my tax return The difference between these two categories is that effectively connected income, after allowable deductions, is taxed at graduated rates. Can i amend my tax return These are the same rates that apply to U. Can i amend my tax return S. Can i amend my tax return citizens and residents. Can i amend my tax return Income that is not effectively connected is taxed at a flat 30% (or lower treaty) rate. Can i amend my tax return If you were formerly a U. Can i amend my tax return S. Can i amend my tax return citizen or resident alien, these rules may not apply. Can i amend my tax return See Expatriation Tax, later, in this chapter. Can i amend my tax return Trade or Business in the United States Generally, you must be engaged in a trade or business during the tax year to be able to treat income received in that year as effectively connected with that trade or business. Can i amend my tax return Whether you are engaged in a trade or business in the United States depends on the nature of your activities. Can i amend my tax return The discussions that follow will help you determine whether you are engaged in a trade or business in the United States. Can i amend my tax return Personal Services If you perform personal services in the United States at any time during the tax year, you usually are considered engaged in a trade or business in the United States. Can i amend my tax return Certain compensation paid to a nonresident alien by a foreign employer is not included in gross income. Can i amend my tax return For more information, see Services Performed for Foreign Employer in chapter 3. Can i amend my tax return Other Trade or Business Activities Other examples of being engaged in a trade or business in the United States follow. Can i amend my tax return Students and trainees. Can i amend my tax return   You are considered engaged in a trade or business in the United States if you are temporarily present in the United States as a nonimmigrant under an “F,” “J,” “M,” or “Q” visa. Can i amend my tax return A nonresident alien temporarily present in the United States under a “J” visa includes a nonresident alien individual admitted to the United States as an exchange visitor under the Mutual Educational and Cultural Exchange Act of 1961. Can i amend my tax return The taxable part of any scholarship or fellowship grant that is U. Can i amend my tax return S. Can i amend my tax return source income is treated as effectively connected with a trade or business in the United States. Can i amend my tax return Business operations. Can i amend my tax return   If you own and operate a business in the United States selling services, products, or merchandise, you are, with certain exceptions, engaged in a trade or business in the United States. Can i amend my tax return Partnerships. Can i amend my tax return   If you are a member of a partnership that at any time during the tax year is engaged in a trade or business in the United States, you are considered to be engaged in a trade or business in the United States. Can i amend my tax return Beneficiary of an estate or trust. Can i amend my tax return   If you are the beneficiary of an estate or trust that is engaged in a trade or business in the United States, you are treated as being engaged in the same trade or business. Can i amend my tax return Trading in stocks, securities, and commodities. Can i amend my tax return   If your only U. Can i amend my tax return S. Can i amend my tax return business activity is trading in stocks, securities, or commodities (including hedging transactions) through a U. Can i amend my tax return S. Can i amend my tax return resident broker or other agent, you are not engaged in a trade or business in the United States. Can i amend my tax return   For transactions in stocks or securities, this applies to any nonresident alien, including a dealer or broker in stocks and securities. Can i amend my tax return   For transactions in commodities, this applies to commodities that are usually traded on an organized commodity exchange and to transactions that are usually carried out at such an exchange. Can i amend my tax return   This discussion does not apply if you have a U. Can i amend my tax return S. Can i amend my tax return office or other fixed place of business at any time during the tax year through which, or by the direction of which, you carry out your transactions in stocks, securities, or commodities. Can i amend my tax return Trading for a nonresident alien's own account. Can i amend my tax return   You are not engaged in a trade or business in the United States if trading for your own account in stocks, securities, or commodities is your only U. Can i amend my tax return S. Can i amend my tax return business activity. Can i amend my tax return This applies even if the trading takes place while you are present in the United States or is done by your employee or your broker or other agent. Can i amend my tax return   This does not apply to trading for your own account if you are a dealer in stocks, securities, or commodities. Can i amend my tax return This does not necessarily mean, however, that as a dealer you are considered to be engaged in a trade or business in the United States. Can i amend my tax return Determine that based on the facts and circumstances in each case or under the rules given above in Trading in stocks, securities, and commodities . Can i amend my tax return Effectively Connected Income If you are engaged in a U. Can i amend my tax return S. Can i amend my tax return trade or business, all income, gain, or loss for the tax year that you get from sources within the United States (other than certain investment income) is treated as effectively connected income. Can i amend my tax return This applies whether or not there is any connection between the income and the trade or business being carried on in the United States during the tax year. Can i amend my tax return Two tests, described next under Investment Income, determine whether certain items of investment income (such as interest, dividends, and royalties) are treated as effectively connected with that business. Can i amend my tax return In limited circumstances, some kinds of foreign source income may be treated as effectively connected with a trade or business in the United States. Can i amend my tax return For a discussion of these rules, see Foreign Income , later. Can i amend my tax return Investment Income Investment income from U. Can i amend my tax return S. Can i amend my tax return sources that may or may not be treated as effectively connected with a U. Can i amend my tax return S. Can i amend my tax return trade or business generally falls into the following three categories. Can i amend my tax return Fixed or determinable income (interest, dividends, rents, royalties, premiums, annuities, etc. Can i amend my tax return ). Can i amend my tax return Gains (some of which are considered capital gains) from the sale or exchange of the following types of property. Can i amend my tax return Timber, coal, or domestic iron ore with a retained economic interest. Can i amend my tax return Patents, copyrights, and similar property on which you receive contingent payments after October 4, 1966. Can i amend my tax return Patents transferred before October 5, 1966. Can i amend my tax return Original issue discount obligations. Can i amend my tax return Capital gains (and losses). Can i amend my tax return Use the two tests, described next, to determine whether an item of U. Can i amend my tax return S. Can i amend my tax return source income falling in one of the three categories above and received during the tax year is effectively connected with your U. Can i amend my tax return S. Can i amend my tax return trade or business. Can i amend my tax return If the tests indicate that the item of income is effectively connected, you must include it with your other effectively connected income. Can i amend my tax return If the item of income is not effectively connected, include it with all other income discussed under The 30% Tax later, in this chapter. Can i amend my tax return Asset-use test. Can i amend my tax return   This test usually applies to income that is not directly produced by trade or business activities. Can i amend my tax return Under this test, if an item of income is from assets (property) used in, or held for use in, the trade or business in the United States, it is considered effectively connected. Can i amend my tax return   An asset is used in, or held for use in, the trade or business in the United States if the asset is: Held for the principal purpose of promoting the conduct of a trade or business in the United States, Acquired and held in the ordinary course of the trade or business conducted in the United States (for example, an account receivable or note receivable arising from that trade or business), or Otherwise held to meet the present needs of the trade or business in the United States and not its anticipated future needs. Can i amend my tax return Generally, stock of a corporation is not treated as an asset used in, or held for use in, a trade or business in the United States. Can i amend my tax return Business-activities test. Can i amend my tax return   This test usually applies when income, gain, or loss comes directly from the active conduct of the trade or business. Can i amend my tax return The business-activities test is most important when: Dividends or interest are received by a dealer in stocks or securities, Royalties are received in the trade or business of licensing patents or similar property, or Service fees are earned by a servicing business. Can i amend my tax return Under this test, if the conduct of the U. Can i amend my tax return S. Can i amend my tax return trade or business was a material factor in producing the income, the income is considered effectively connected. Can i amend my tax return Personal Service Income You usually are engaged in a U. Can i amend my tax return S. Can i amend my tax return trade or business when you perform personal services in the United States. Can i amend my tax return Personal service income you receive in a tax year in which you are engaged in a U. Can i amend my tax return S. Can i amend my tax return trade or business is effectively connected with a U. Can i amend my tax return S. Can i amend my tax return trade or business. Can i amend my tax return Income received in a year other than the year you performed the services is also effectively connected if it would have been effectively connected if received in the year you performed the services. Can i amend my tax return Personal service income includes wages, salaries, commissions, fees, per diem allowances, and employee allowances and bonuses. Can i amend my tax return The income may be paid to you in the form of cash, services, or property. Can i amend my tax return If you are engaged in a U. Can i amend my tax return S. Can i amend my tax return trade or business only because you perform personal services in the United States during the tax year, income and gains from assets, and gains and losses from the sale or exchange of capital assets are generally not effectively connected with your trade or business. Can i amend my tax return However, if there is a direct economic relationship between your holding of the asset and your trade or business of performing personal services, the income, gain, or loss is effectively connected. Can i amend my tax return Pensions. Can i amend my tax return   If you were a nonresident alien engaged in a U. Can i amend my tax return S. Can i amend my tax return trade or business after 1986 because you performed personal services in the United States, and you later receive a pension or retirement pay attributable to these services, such payments are effectively connected income in each year you receive them. Can i amend my tax return This is true whether or not you are engaged in a U. Can i amend my tax return S. Can i amend my tax return trade or business in the year you receive the retirement pay. Can i amend my tax return Transportation Income Transportation income (defined in chapter 2) is effectively connected if you meet both of the following conditions. Can i amend my tax return You had a fixed place of business in the United States involved in earning the income. Can i amend my tax return At least 90% of your U. Can i amend my tax return S. Can i amend my tax return source transportation income is attributable to regularly scheduled transportation. Can i amend my tax return “Fixed place of business” generally means a place, site, structure, or other similar facility through which you engage in a trade or business. Can i amend my tax return “Regularly scheduled transportation” means that a ship or aircraft follows a published schedule with repeated sailings or flights at regular intervals between the same points for voyages or flights that begin or end in the United States. Can i amend my tax return This definition applies to both scheduled and chartered air transportation. Can i amend my tax return If you do not meet the two conditions above, the income is not effectively connected and is taxed at a 4% rate. Can i amend my tax return See Transportation Tax, later, in this chapter. Can i amend my tax return Business Profits and Losses and Sales Transactions All profits or losses from U. Can i amend my tax return S. Can i amend my tax return sources that are from the operation of a business in the United States are effectively connected with a trade or business in the United States. Can i amend my tax return For example, profit from the sale in the United States of inventory property purchased either in this country or in a foreign country is effectively connected trade or business income. Can i amend my tax return A share of U. Can i amend my tax return S. Can i amend my tax return source profits or losses of a partnership that is engaged in a trade or business in the United States is also effectively connected with a trade or business in the United States. Can i amend my tax return Real Property Gain or Loss Gains and losses from the sale or exchange of U. Can i amend my tax return S. Can i amend my tax return real property interests (whether or not they are capital assets) are taxed as if you are engaged in a trade or business in the United States. Can i amend my tax return You must treat the gain or loss as effectively connected with that trade or business. Can i amend my tax return U. Can i amend my tax return S. Can i amend my tax return real property interest. Can i amend my tax return   This is any interest in real property located in the United States or the U. Can i amend my tax return S. Can i amend my tax return Virgin Islands or any interest (other than as a creditor) in a domestic corporation that is a U. Can i amend my tax return S. Can i amend my tax return real property holding corporation. Can i amend my tax return Real property includes the following. Can i amend my tax return Land and unsevered natural products of the land, such as growing crops and timber, and mines, wells, and other natural deposits. Can i amend my tax return Improvements on land, including buildings, other permanent structures, and their structural components. Can i amend my tax return Personal property associated with the use of real property, such as equipment used in farming, mining, forestry, or construction or property used in lodging facilities or rented office space, unless the personal property is: Disposed of more than one year before or after the disposition of the real property, or Separately sold to persons unrelated either to the seller or to the buyer of the real property. Can i amend my tax return U. Can i amend my tax return S. Can i amend my tax return real property holding corporation. Can i amend my tax return   A corporation is a U. Can i amend my tax return S. Can i amend my tax return real property holding corporation if the fair market value of the corporation's U. Can i amend my tax return S. Can i amend my tax return real property interests are at least 50% of the total fair market value of: The corporation's U. Can i amend my tax return S. Can i amend my tax return real property interests, plus The corporation's interests in real property located outside the United States, plus The corporation's other assets that are used in, or held for use in, a trade or business. Can i amend my tax return   Gain or loss on the sale of the stock in any domestic corporation is taxed as if you are engaged in a U. Can i amend my tax return S. Can i amend my tax return trade or business unless you establish that the corporation is not a U. Can i amend my tax return S. Can i amend my tax return real property holding corporation. Can i amend my tax return   A U. Can i amend my tax return S. Can i amend my tax return real property interest does not include a class of stock of a corporation that is regularly traded on an established securities market, unless you hold more than 5% of the fair market value of that class of stock. Can i amend my tax return An interest in a foreign corporation owning U. Can i amend my tax return S. Can i amend my tax return real property generally is not a U. Can i amend my tax return S. Can i amend my tax return real property interest unless the corporation chooses to be treated as a domestic corporation. Can i amend my tax return Qualified investment entities. Can i amend my tax return   Special rules apply to qualified investment entities (QIEs). Can i amend my tax return A QIE is any real estate investment trust (REIT) or any regulated investment company (RIC) that is a U. Can i amend my tax return S. Can i amend my tax return real property holding corporation. Can i amend my tax return    Generally, any distribution from a QIE to a shareholder that is attributable to gain from the sale or exchange of a U. Can i amend my tax return S. Can i amend my tax return real property interest is treated as a U. Can i amend my tax return S. Can i amend my tax return real property gain by the shareholder receiving the distribution. Can i amend my tax return A distribution by a QIE on stock regularly traded on an established securities market in the United States is not treated as gain from the sale or exchange of a U. Can i amend my tax return S. Can i amend my tax return real property interest if you did not own more than 5% of that stock at any time during the 1-year period ending on the date of the distribution. Can i amend my tax return A distribution that you do not treat as gain from the sale or exchange of a U. Can i amend my tax return S. Can i amend my tax return real property interest is included in your gross income as a regular dividend. Can i amend my tax return Note. Can i amend my tax return Beginning January 1, 2014 (unless extended by legislation), a RIC that is a U. Can i amend my tax return S. Can i amend my tax return real property holding corporation will only be treated as a QIE for certain distributions from the RIC that are directly or indirectly attributable to distributions received by the RIC from a REIT. Can i amend my tax return Domestically controlled QIE. Can i amend my tax return   The sale of an interest in a domestically controlled QIE is not the sale of a U. Can i amend my tax return S. Can i amend my tax return real property interest. Can i amend my tax return The entity is domestically controlled if at all times during the testing period less than 50% in value of its stock was held, directly or indirectly, by foreign persons. Can i amend my tax return The testing period is the shorter of (a) the 5-year period ending on the date of disposition, or (b) the period during which the entity was in existence. Can i amend my tax return Wash sale. Can i amend my tax return    If you dispose of an interest in a domestically controlled QIE in an applicable wash sale transaction, special rules apply. Can i amend my tax return An applicable wash sale transaction is one in which you: Dispose of an interest in the domestically controlled QIE during the 30-day period before the ex-dividend date of a distribution that you would (but for the disposition) have treated as gain from the sale or exchange of a U. Can i amend my tax return S. Can i amend my tax return real property interest, and Acquire, or enter into a contract or option to acquire, a substantially identical interest in that entity during the 61-day period that began on the first day of the 30-day period. Can i amend my tax return If this occurs, you are treated as having gain from the sale or exchange of a U. Can i amend my tax return S. Can i amend my tax return real property interest in an amount equal to the distribution made after June 15, 2006, that would have been treated as such gain. Can i amend my tax return This also applies to any substitute dividend payment. Can i amend my tax return   A transaction is not treated as an applicable wash sale transaction if: You actually receive the distribution from the domestically controlled QIE related to the interest disposed of, or acquired, in the transaction, or You dispose of any class of stock in a QIE that is regularly traded on an established securities market in the United States but only if you did not own more than 5% of that class of stock at any time during the 1-year period ending on the date of the distribution. Can i amend my tax return Alternative minimum tax. Can i amend my tax return   There may be a minimum tax on your net gain from the disposition of U. Can i amend my tax return S. Can i amend my tax return real property interests. Can i amend my tax return Figure the amount of this tax, if any, on Form 6251. Can i amend my tax return Withholding of tax. Can i amend my tax return   If you dispose of a U. Can i amend my tax return S. Can i amend my tax return real property interest, the buyer may have to withhold tax. Can i amend my tax return See the discussion of Tax Withheld on Real Property Sales in chapter 8. Can i amend my tax return Foreign Income You must treat three kinds of foreign source income as effectively connected with a trade or business in the United States if: You have an office or other fixed place of business in the United States to which the income can be attributed, That office or place of business is a material factor in producing the income, and The income is produced in the ordinary course of the trade or business carried on through that office or other fixed place of business. Can i amend my tax return An office or other fixed place of business is a material factor if it significantly contributes to, and is an essential economic element in, the earning of the income. Can i amend my tax return The three kinds of foreign source income are listed below. Can i amend my tax return Rents and royalties for the use of, or for the privilege of using, intangible personal property located outside the United States or from any interest in such property. Can i amend my tax return Included are rents or royalties for the use, or for the privilege of using, outside the United States, patents, copyrights, secret processes and formulas, goodwill, trademarks, trade brands, franchises, and similar properties if the rents or royalties are from the active conduct of a trade or business in the United States. Can i amend my tax return Dividends, interest, or amounts received for the provision of a guarantee of indebtedness issued after September 27, 2010, from the active conduct of a banking, financing, or similar business in the United States. Can i amend my tax return A substitute dividend or interest payment received under a securities lending transaction or a sale-repurchase transaction is treated the same as the amounts received on the transferred security. Can i amend my tax return Income, gain, or loss from the sale outside the United States, through the U. Can i amend my tax return S. Can i amend my tax return office or other fixed place of business, of: Stock in trade, Property that would be included in inventory if on hand at the end of the tax year, or Property held primarily for sale to customers in the ordinary course of business. Can i amend my tax return Item (3) will not apply if you sold the property for use, consumption, or disposition outside the United States and an office or other fixed place of business in a foreign country was a material factor in the sale. Can i amend my tax return Any foreign source income that is equivalent to any item of income described above is treated as effectively connected with a U. Can i amend my tax return S. Can i amend my tax return trade or business. Can i amend my tax return For example, foreign source interest and dividend equivalents are treated as U. Can i amend my tax return S. Can i amend my tax return effectively connected income if the income is derived by a foreign person in the active conduct of a banking, financing, or similar business within the United States. Can i amend my tax return Tax on Effectively Connected Income Income you receive during the tax year that is effectively connected with your trade or business in the United States is, after allowable deductions, taxed at the rates that apply to U. Can i amend my tax return S. Can i amend my tax return citizens and residents. Can i amend my tax return Generally, you can receive effectively connected income only if you are a nonresident alien engaged in trade or business in the United States during the tax year. Can i amend my tax return However, income you receive from the sale or exchange of property, the performance of services, or any other transaction in another tax year is treated as effectively connected in that year if it would have been effectively connected in the year the transaction took place or you performed the services. Can i amend my tax return Example. Can i amend my tax return Ted Richards, a nonresident alien, entered the United States in August 2012, to perform personal services in the U. Can i amend my tax return S. Can i amend my tax return office of his overseas employer. Can i amend my tax return He worked in the U. Can i amend my tax return S. Can i amend my tax return office until December 25, 2012, but did not leave this country until January 11, 2013. Can i amend my tax return On January 8, 2013, he received his final paycheck for services performed in the United States during 2012. Can i amend my tax return All of Ted's income during his stay here is U. Can i amend my tax return S. Can i amend my tax return source income. Can i amend my tax return During 2012, Ted was engaged in the trade or business of performing personal services in the United States. Can i amend my tax return Therefore, all amounts paid to him in 2012 for services performed in the United States during 2012 are effectively connected with that trade or business during 2012. Can i amend my tax return The salary payment Ted received in January 2013 is U. Can i amend my tax return S. Can i amend my tax return source income to him in 2013. Can i amend my tax return It is effectively connected with a trade or business in the United States because he was engaged in a trade or business in the United States during 2012 when he performed the services that earned the income. Can i amend my tax return Real property income. Can i amend my tax return   You may be able to choose to treat all income from real property as effectively connected. Can i amend my tax return See Income From Real Property , later, in this chapter. Can i amend my tax return The 30% Tax Tax at a 30% (or lower treaty) rate applies to certain items of income or gains from U. Can i amend my tax return S. Can i amend my tax return sources but only if the items are not effectively connected with your U. Can i amend my tax return S. Can i amend my tax return trade or business. Can i amend my tax return Fixed or Determinable Income The 30% (or lower treaty) rate applies to the gross amount of U. Can i amend my tax return S. Can i amend my tax return source fixed or determinable annual or periodic gains, profits, or income. Can i amend my tax return Income is fixed when it is paid in amounts known ahead of time. Can i amend my tax return Income is determinable whenever there is a basis for figuring the amount to be paid. Can i amend my tax return Income can be periodic if it is paid from time to time. Can i amend my tax return It does not have to be paid annually or at regular intervals. Can i amend my tax return Income can be determinable or periodic even if the length of time during which the payments are made is increased or decreased. Can i amend my tax return Items specifically included as fixed or determinable income are interest (other than original issue discount), dividends, dividend equivalent payments (defined in chapter 2), rents, premiums, annuities, salaries, wages, and other compensation. Can i amend my tax return A substitute dividend or interest payment received under a securities lending transaction or a sale-repurchase transaction is treated the same as the amounts received on the transferred security. Can i amend my tax return Other items of income, such as royalties, also may be subject to the 30% tax. Can i amend my tax return Some fixed or determinable income may be exempt from U. Can i amend my tax return S. Can i amend my tax return tax. Can i amend my tax return See chapter 3 if you are not sure whether the income is taxable. Can i amend my tax return Original issue discount (OID). Can i amend my tax return   If you sold, exchanged, or received a payment on a bond or other debt instrument that was issued at a discount after March 31, 1972, all or part of the original issue discount (OID) (other than portfolio interest) may be subject to the 30% tax. Can i amend my tax return The amount of OID is the difference between the stated redemption price at maturity and the issue price of the debt instrument. Can i amend my tax return The 30% tax applies in the following circumstances. Can i amend my tax return You received a payment on a debt instrument. Can i amend my tax return In this case, the amount of OID subject to tax is the OID that accrued while you held the debt instrument minus the OID previously taken into account. Can i amend my tax return But the tax on the OID cannot be more than the payment minus the tax on the interest payment on the debt instrument. Can i amend my tax return You sold or exchanged the debt instrument. Can i amend my tax return The amount of OID subject to tax is the OID that accrued while you held the debt instrument minus the amount already taxed in (1) above. Can i amend my tax return   Report on your return the amount of OID shown on Form 1042-S, Foreign Person's U. Can i amend my tax return S. Can i amend my tax return Source Income Subject to Withholding, if you bought the debt instrument at original issue. Can i amend my tax return However, you must recompute your proper share of OID shown on Form 1042-S if any of the following apply. Can i amend my tax return You bought the debt instrument at a premium or paid an acquisition premium. Can i amend my tax return The debt instrument is a stripped bond or a stripped coupon (including zero coupon instruments backed by U. Can i amend my tax return S. Can i amend my tax return Treasury securities). Can i amend my tax return The debt instrument is a contingent payment or inflation-indexed debt instrument. Can i amend my tax return For the definition of premium and acquisition premium and instructions on how to recompute OID, get Publication 1212. Can i amend my tax return   If you held a bond or other debt instrument that was issued at a discount before April 1, 1972, contact the IRS for further information. Can i amend my tax return See chapter 12. Can i amend my tax return Gambling Winnings In general, nonresident aliens are subject to the 30% tax on the gross proceeds from gambling won in the United States if that income is not effectively connected with a U. Can i amend my tax return S. Can i amend my tax return trade or business and is not exempted by treaty. Can i amend my tax return However, no tax is imposed on nonbusiness gambling income a nonresident alien wins playing blackjack, baccarat, craps, roulette, or big-6 wheel in the United States. Can i amend my tax return Nonresident aliens are taxed at graduated rates on net gambling income won in the United States that is effectively connected with a U. Can i amend my tax return S. Can i amend my tax return trade or business. Can i amend my tax return Social Security Benefits A nonresident alien must include 85% of any U. Can i amend my tax return S. Can i amend my tax return social security benefit (and the social security equivalent part of a tier 1 railroad retirement benefit) in U. Can i amend my tax return S. Can i amend my tax return source fixed or determinable annual or periodic income. Can i amend my tax return Social security benefits include monthly retirement, survivor, and disability benefits. Can i amend my tax return This income is exempt under some tax treaties. Can i amend my tax return See Table 1 in Publication 901, U. Can i amend my tax return S. Can i amend my tax return Tax Treaties, for a list of tax treaties that exempt U. Can i amend my tax return S. Can i amend my tax return social security benefits from U. Can i amend my tax return S. Can i amend my tax return tax. Can i amend my tax return Sales or Exchanges of Capital Assets These rules apply only to those capital gains and losses from sources in the United States that are not effectively connected with a trade or business in the United States. Can i amend my tax return They apply even if you are engaged in a trade or business in the United States. Can i amend my tax return These rules do not apply to the sale or exchange of a U. Can i amend my tax return S. Can i amend my tax return real property interest or to the sale of any property that is effectively connected with a trade or business in the United States. Can i amend my tax return See Real Property Gain or Loss , earlier, under Effectively Connected Income. Can i amend my tax return A capital asset is everything you own except: Inventory. Can i amend my tax return Business accounts or notes receivable. Can i amend my tax return Depreciable property used in a trade or business. Can i amend my tax return Real property used in a trade or business. Can i amend my tax return Supplies regularly used in a trade or business. Can i amend my tax return Certain copyrights, literary or musical or artistic compositions, letters or memoranda, or similar property. Can i amend my tax return Certain U. Can i amend my tax return S. Can i amend my tax return government publications. Can i amend my tax return Certain commodities derivative financial instruments held by a commodities derivatives dealer. Can i amend my tax return Hedging transactions. Can i amend my tax return A capital gain is a gain on the sale or exchange of a capital asset. Can i amend my tax return A capital loss is a loss on the sale or exchange of a capital asset. Can i amend my tax return If the sale is in foreign currency, for the purpose of determining gain, the cost and selling price of the property should be expressed in U. Can i amend my tax return S. Can i amend my tax return currency at the rate of exchange prevailing as of the date of the purchase and date of the sale, respectively. Can i amend my tax return You may want to read Publication 544. Can i amend my tax return However, use Publication 544 only to determine what is a sale or exchange of a capital asset, or what is treated as such. Can i amend my tax return Specific tax treatment that applies to U. Can i amend my tax return S. Can i amend my tax return citizens or residents generally does not apply to you. Can i amend my tax return The following gains are subject to the 30% (or lower treaty) rate without regard to the 183-day rule, discussed later. Can i amend my tax return Gains on the disposal of timber, coal, or domestic iron ore with a retained economic interest. Can i amend my tax return Gains on contingent payments received from the sale or exchange of patents, copyrights, and similar property after October 4, 1966. Can i amend my tax return Gains on certain transfers of all substantial rights to, or an undivided interest in, patents if the transfers were made before October 5, 1966. Can i amend my tax return Gains on the sale or exchange of original issue discount obligations. Can i amend my tax return Gains in (1) are not subject to the 30% (or lower treaty) rate if you choose to treat the gains as effectively connected with a U. Can i amend my tax return S. Can i amend my tax return trade or business. Can i amend my tax return See Income From Real Property , later. Can i amend my tax return 183-day rule. Can i amend my tax return   If you were in the United States for 183 days or more during the tax year, your net gain from sales or exchanges of capital assets is taxed at a 30% (or lower treaty) rate. Can i amend my tax return For purposes of the 30% (or lower treaty) rate, net gain is the excess of your capital gains from U. Can i amend my tax return S. Can i amend my tax return sources over your capital losses from U. Can i amend my tax return S. Can i amend my tax return sources. Can i amend my tax return This rule applies even if any of the transactions occurred while you were not in the United States. Can i amend my tax return   To determine your net gain, consider the amount of your gains and losses that would be recognized and taken into account only if, and to the extent that, they would be recognized and taken into account if you were in a U. Can i amend my tax return S. Can i amend my tax return trade or business during the year and the gains and losses were effectively connected with that trade or business during the tax year. Can i amend my tax return   In arriving at your net gain, do not take the following into consideration. Can i amend my tax return The four types of gains listed earlier. Can i amend my tax return The deduction for a capital loss carryover. Can i amend my tax return Capital losses in excess of capital gains. Can i amend my tax return Exclusion for gain from the sale or exchange of qualified small business stock (section 1202 exclusion). Can i amend my tax return Losses from the sale or exchange of property held for personal use. Can i amend my tax return However, losses resulting from casualties or thefts may be deductible on Schedule A (Form 1040NR). Can i amend my tax return See Itemized Deductions in chapter 5. Can i amend my tax return   If you are not engaged in a trade or business in the United States and have not established a tax year for a prior period, your tax year will be the calendar year for purposes of the 183-day rule. Can i amend my tax return Also, you must file your tax return on a calendar-year basis. Can i amend my tax return   If you were in the United States for less than 183 days during the tax year, capital gains (other than gains listed earlier) are tax exempt unless they are effectively connected with a trade or business in the United States during your tax year. Can i amend my tax return Reporting. Can i amend my tax return   Report your gains and losses from the sales or exchanges of capital assets that are not effectively connected with a trade or business in the United States on page 4 of Form 1040NR. Can i amend my tax return Report gains and losses from sales or exchanges of capital assets (including real property) that are effectively connected with a trade or business in the United States on a separate Schedule D (Form 1040), Form 4797, or both. Can i amend my tax return Attach them to Form 1040NR. Can i amend my tax return Income From Real Property If you have income from real property located in the United States that you own or have an interest in and hold for the production of income, you can choose to treat all income from that property as income effectively connected with a trade or business in the United States. Can i amend my tax return The choice applies to all income from real property located in the United States and held for the production of income and to all income from any interest in such property. Can i amend my tax return This includes income from rents, royalties from mines, oil or gas wells, or other natural resources. Can i amend my tax return It also includes gains from the sale or exchange of timber, coal, or domestic iron ore with a retained economic interest. Can i amend my tax return You can make this choice only for real property income that is not otherwise effectively connected with your U. Can i amend my tax return S. Can i amend my tax return trade or business. Can i amend my tax return If you make the choice, you can claim deductions attributable to the real property income and only your net income from real property is taxed. Can i amend my tax return This choice does not treat a nonresident alien, who is not otherwise engaged in a U. Can i amend my tax return S. Can i amend my tax return trade or business, as being engaged in a trade or business in the United States during the year. Can i amend my tax return Example. Can i amend my tax return You are a nonresident alien and are not engaged in a U. Can i amend my tax return S. Can i amend my tax return trade or business. Can i amend my tax return You own a single-family house in the United States that you rent out. Can i amend my tax return Your rental income for the year is $10,000. Can i amend my tax return This is your only U. Can i amend my tax return S. Can i amend my tax return source income. Can i amend my tax return As discussed earlier under The 30% Tax, the rental income is subject to a tax at a 30% (or lower treaty) rate. Can i amend my tax return You received a Form 1042-S showing that your tenants properly withheld this tax from the rental income. Can i amend my tax return You do not have to file a U. Can i amend my tax return S. Can i amend my tax return tax return (Form 1040NR) because your U. Can i amend my tax return S. Can i amend my tax return tax liability is satisfied by the withholding of tax. Can i amend my tax return If you make the choice discussed earlier, you can offset the $10,000 income by certain rental expenses. Can i amend my tax return (See Publication 527, Residential Rental Property, for information on rental expenses. Can i amend my tax return ) Any resulting net income is taxed at graduated rates. Can i amend my tax return If you make this choice, report the rental income and expenses on Schedule E (Form 1040) and attach the schedule to Form 1040NR. Can i amend my tax return For the first year you make the choice, also attach the statement discussed next. Can i amend my tax return Making the choice. Can i amend my tax return   Make the initial choice by attaching a statement to your return, or amended return, for the year of the choice. Can i amend my tax return Include the following in your statement. Can i amend my tax return That you are making the choice. Can i amend my tax return Whether the choice is under Internal Revenue Code section 871(d) (explained earlier) or a tax treaty. Can i amend my tax return A complete list of all your real property, or any interest in real property, located in the United States. Can i amend my tax return Give the legal identification of U. Can i amend my tax return S. Can i amend my tax return timber, coal, or iron ore in which you have an interest. Can i amend my tax return The extent of your ownership in the property. Can i amend my tax return The location of the property. Can i amend my tax return A description of any major improvements to the property. Can i amend my tax return The dates you owned the property. Can i amend my tax return Your income from the property. Can i amend my tax return Details of any previous choices and revocations of the real property income choice. Can i amend my tax return   This choice stays in effect for all later tax years unless you revoke it. Can i amend my tax return Revoking the choice. Can i amend my tax return   You can revoke the choice without IRS approval by filing Form 1040X, Amended U. Can i amend my tax return S. Can i amend my tax return Individual Income Tax Return, for the year you made the choice and for later tax years. Can i amend my tax return You must file Form 1040X within 3 years from the date your return was filed or 2 years from the time the tax was paid, whichever is later. Can i amend my tax return If this time period has expired for the year of choice, you cannot revoke the choice for that year. Can i amend my tax return However, you may revoke the choice for later tax years only if you have IRS approval. Can i amend my tax return For information on how to get IRS approval, see Regulation section 1. Can i amend my tax return 871-10(d)(2). Can i amend my tax return Transportation Tax A 4% tax rate applies to transportation income that is not effectively connected because it does not meet the two conditions listed earlier under Transportation Income . Can i amend my tax return If you receive transportation income subject to the 4% tax, you should figure the tax and show it on line 57 of Form 1040NR. Can i amend my tax return Attach a statement to your return that includes the following information (if applicable). Can i amend my tax return Your name, taxpayer identification number, and tax year. Can i amend my tax return A description of the types of services performed (whether on or off board). Can i amend my tax return Names of vessels or registration numbers of aircraft on which you performed the services. Can i amend my tax return Amount of U. Can i amend my tax return S. Can i amend my tax return source transportation income derived from each type of service for each vessel or aircraft for the calendar year. Can i amend my tax return Total amount of U. Can i amend my tax return S. Can i amend my tax return source transportation income derived from all types of services for the calendar year. Can i amend my tax return This 4% tax applies to your U. Can i amend my tax return S. Can i amend my tax return source gross transportation income. Can i amend my tax return This only includes transportation income that is treated as derived from sources in the United States if the transportation begins or ends in the United States. Can i amend my tax return For transportation income from personal services, the transportation must be between the United States and a U. Can i amend my tax return S. Can i amend my tax return possession. Can i amend my tax return For personal services of a nonresident alien, this only applies to income derived from, or in connection with, an aircraft. Can i amend my tax return Interrupted Period of Residence You are subject to tax under a special rule if you interrupt your period of U. Can i amend my tax return S. Can i amend my tax return residence with a period of nonresidence. Can i amend my tax return The special rule applies if you meet all of the following conditions. Can i amend my tax return You were a U. Can i amend my tax return S. Can i amend my tax return resident for a period that includes at least 3 consecutive calendar years. Can i amend my tax return You were a U. Can i amend my tax return S. Can i amend my tax return resident for at least 183 days in each of those years. Can i amend my tax return You ceased to be treated as a U. Can i amend my tax return S. Can i amend my tax return resident. Can i amend my tax return You then again became a U. Can i amend my tax return S. Can i amend my tax return resident before the end of the third calendar year after the end of the period described in (1) above. Can i amend my tax return Under this special rule, you are subject to tax on your U. Can i amend my tax return S. Can i amend my tax return source gross income and gains on a net basis at the graduated rates applicable to individuals (with allowable deductions) for the period you were a nonresident alien, unless you would be subject to a higher tax under the 30% tax (discussed earlier) on income not connected with a U. Can i amend my tax return S. Can i amend my tax return trade or business. Can i amend my tax return For information on how to figure the special tax, see How To Figure the Expatriation Tax (If You Expatriated Before June 17, 2008) under Expatriation Tax , below. Can i amend my tax return Example. Can i amend my tax return John Willow, a citizen of New Zealand, entered the United States on April 1, 2008, as a lawful permanent resident. Can i amend my tax return On August 1, 2010, John ceased to be a lawful permanent resident and returned to New Zealand. Can i amend my tax return During his period of residence, he was present in the United States for at least 183 days in each of three consecutive years (2008, 2009, and 2010). Can i amend my tax return He returned to the United States on October 5, 2013, as a lawful permanent resident. Can i amend my tax return He became a resident before the close of the third calendar year (2013) beginning after the end of his first period of residence (August 1, 2010). Can i amend my tax return Therefore, he is subject to tax under the special rule for the period of nonresidence (August 2, 2010, through October 4, 2013) if it is more than the tax that would normally apply to him as a nonresident alien. Can i amend my tax return Reporting requirements. Can i amend my tax return   If you are subject to this tax for any year in the period you were a nonresident alien, you must file Form 1040NR for that year. Can i amend my tax return The return is due by the due date (including extensions) for filing your U. Can i amend my tax return S. Can i amend my tax return income tax return for the year that you again become a U. Can i amend my tax return S. Can i amend my tax return resident. Can i amend my tax return If you already filed returns for that period, you must file amended returns. Can i amend my tax return You must attach a statement to your return that identifies the source of all of your U. Can i amend my tax return S. Can i amend my tax return and foreign gross income and the items of income subject to this special rule. Can i amend my tax return Expatriation Tax The expatriation tax provisions apply to U. Can i amend my tax return S. Can i amend my tax return citizens who have renounced their citizenship and long-term residents who have ended their residency. Can i amend my tax return The rules that apply are based on the dates of expatriation, which are described in the following sections. Can i amend my tax return Expatriation Before June 4, 2004. Can i amend my tax return Expatriation After June 3, 2004, and Before June 17, 2008. Can i amend my tax return Expatriation After June 16, 2008. Can i amend my tax return Long-term resident defined. Can i amend my tax return   You are a long-term resident if you were a lawful permanent resident of the United States in at least 8 of the last 15 tax years ending with the year your residency ends. Can i amend my tax return In determining if you meet the 8-year requirement, do not count any year that you are treated as a resident of a foreign country under a tax treaty and do not waive treaty benefits. Can i amend my tax return Expatriation Before June 4, 2004 If you expatriated before June 4, 2004, the expatriation rules apply if one of the principal purposes of the action is the avoidance of U. Can i amend my tax return S. Can i amend my tax return taxes. Can i amend my tax return Unless you received a ruling from the IRS that you did not expatriate to avoid U. Can i amend my tax return S. Can i amend my tax return taxes, you are presumed to have tax avoidance as a principal purpose if: Your average annual net income tax for the last 5 tax years ending before the date of your action to relinquish your citizenship or terminate your residency was more than $100,000, or Your net worth on the date of your action was $500,000 or more. Can i amend my tax return The amounts above are adjusted for inflation if your expatriation action is after 1997 (see Table 4-1). Can i amend my tax return Table 4-1. Can i amend my tax return Inflation-Adjusted Amounts for Expatriation Actions Before June 4, 2004 IF you expatriated during . Can i amend my tax return . Can i amend my tax return . Can i amend my tax return   THEN the rules outlined on this page apply if . Can i amend my tax return . Can i amend my tax return . Can i amend my tax return     Your 5-year average annual net income tax was more than . Can i amend my tax return . Can i amend my tax return . Can i amend my tax return OR Your net worth equaled or exceeded . Can i amend my tax return . Can i amend my tax return . Can i amend my tax return 1999   110,000   552,000 2000   112,000   562,000 2001   116,000   580,000 2002   120,000   599,000 2003   122,000   608,000 2004 (before June 4)*   124,000   622,000 *If you expatriated after June 3, 2004, see Expatriation After June 3, 2004, and Before June 17, 2008 or Expatriation After June 16, 2008. Can i amend my tax return Reporting requirements. Can i amend my tax return   If you lost your U. Can i amend my tax return S. Can i amend my tax return citizenship, you should have filed Form 8854 with a consular office or a federal court at the time of loss of citizenship. Can i amend my tax return If you ended your long-term residency, you should have filed Form 8854 with the Internal Revenue Service when you filed your dual-status tax return for the year your residency ended. Can i amend my tax return   Your U. Can i amend my tax return S. Can i amend my tax return residency is considered to have ended when you ceased to be a lawful permanent resident or you began to be treated as a resident of another country under a tax treaty and do not waive treaty benefits. Can i amend my tax return Penalties. Can i amend my tax return   If you failed to file Form 8854, you may have to pay a penalty equal to the greater of 5% of the expatriation tax or $1,000. Can i amend my tax return The penalty will be assessed for each year of the 10-year period beginning on the date of expatriation during which your failure to file continues. Can i amend my tax return The penalty will not be imposed if you can show that the failure is due to reasonable cause and not willful neglect. Can i amend my tax return Expatriation tax. Can i amend my tax return   The expatriation tax applies to the 10-year period following the date of expatriation or termination of residency. Can i amend my tax return It is figured in the same way as for those expatriating after June 3, 2004, and before June 17, 2008. Can i amend my tax return See How To Figure the Expatriation Tax (If You Expatriated Before June 17, 2008) in the next section. Can i amend my tax return Expatriation After June 3, 2004, and Before June 17, 2008 If you expatriated after June 3, 2004, and before June 17, 2008, the expatriation rules apply to you if any of the following statements apply. Can i amend my tax return Your average annual net income tax for the 5 tax years ending before the date of expatriation or termination of residency is more than: $124,000 if you expatriated or terminated residency in 2004. Can i amend my tax return $127,000 if you expatriated or terminated residency in 2005. Can i amend my tax return $131,000 if you expatriated or terminated residency in 2006. Can i amend my tax return $136,000 if you expatriated or terminated residency in 2007. Can i amend my tax return $139,000 if you expatriated or terminated residency in 2008. Can i amend my tax return Your net worth is $2 million or more on the date of your expatriation or termination of residency. Can i amend my tax return You fail to certify on Form 8854 that you have complied with all U. Can i amend my tax return S. Can i amend my tax return federal tax obligations for the 5 tax years preceding the date of your expatriation or termination of residency. Can i amend my tax return Exception for dual-citizens and certain minors. Can i amend my tax return   Certain dual-citizens and certain minors (defined next) are not subject to the expatriation tax even if they meet (1) or (2) earlier. Can i amend my tax return However, they still must provide the certification required in (3). Can i amend my tax return Certain dual-citizens. Can i amend my tax return   You may qualify for the exception described above if all of the following apply. Can i amend my tax return You became at birth a U. Can i amend my tax return S. Can i amend my tax return citizen and a citizen of another country and you continue to be a citizen of that other country. Can i amend my tax return You were never a resident alien of the United States (as defined in chapter 1). Can i amend my tax return You never held a U. Can i amend my tax return S. Can i amend my tax return passport. Can i amend my tax return You were present in the United States for no more than 30 days during any calendar year that is 1 of the 10 calendar years preceding your loss of U. Can i amend my tax return S. Can i amend my tax return citizenship. Can i amend my tax return Certain minors. Can i amend my tax return   You may qualify for the exception described above if you meet all of the following requirements. Can i amend my tax return You became a U. Can i amend my tax return S. Can i amend my tax return citizen at birth. Can i amend my tax return Neither of your parents was a U. Can i amend my tax return S. Can i amend my tax return citizen at the time of your birth. Can i amend my tax return You expatriated before you were 18½. Can i amend my tax return You were present in the United States for not more than 30 days during any calendar year that is 1 of the 10 calendar years preceding your expatriation. Can i amend my tax return Tax consequences of presence in the United States. Can i amend my tax return   The following rules apply if you do not meet the exception above for dual-citizens and certain minors and the expatriation rules would otherwise apply to you. Can i amend my tax return   The expatriation tax does not apply to any tax year during the 10-year period if you are physically present in the United States for more than 30 days during the calendar year ending in that year. Can i amend my tax return Instead, you are treated as a U. Can i amend my tax return S. Can i amend my tax return citizen or resident and taxed on your worldwide income for that tax year. Can i amend my tax return You must file Form 1040, 1040A, or 1040EZ and figure your tax as prescribed in the instructions for those forms. Can i amend my tax return   When counting the number of days of presence during a calendar year, count any day you were physically present in the United States at any time during the day. Can i amend my tax return However, do not count any days (up to a limit of 30 days) on which you performed personal services in the United States for an employer who is not related to you if either of the following apply. Can i amend my tax return You have ties with other countries. Can i amend my tax return You have ties with other countries if: You became (within a reasonable period after your expatriation or termination of residency) a citizen or resident of the country in which you, your spouse, or either of your parents were born, and You became fully liable for income tax in that country. Can i amend my tax return You were physically present in the United States for 30 days or less during each year in the 10-year period ending on the date of expatriation or termination of residency. Can i amend my tax return Do not count any day you were an exempt individual or were unable to leave the United States because of a medical condition that arose while you were in the United States. Can i amend my tax return See Exempt individual and Medical condition in chapter 1 under Substantial Presence Test, but disregard the information about Form 8843. Can i amend my tax return Related employer. Can i amend my tax return   If your employer in the United States is any of the following, then your employer is related to you. Can i amend my tax return You must count any days you performed services in the United States for that employer as days of presence in the United States. Can i amend my tax return Members of your family. Can i amend my tax return This includes only your brothers and sisters, half-brothers and half-sisters, spouse, ancestors (parents, grandparents, etc. Can i amend my tax return ), and lineal descendants (children, grandchildren, etc. Can i amend my tax return ). Can i amend my tax return A partnership in which you directly or indirectly own more than 50% of the capital interest or the profits interest. Can i amend my tax return A corporation in which you directly or indirectly own more than 50% in value of the outstanding stock. Can i amend my tax return (See Publication 550, chapter 4, Constructive ownership of stock, for how to determine whether you directly or indirectly own outstanding stock. Can i amend my tax return ) A tax-exempt charitable or educational organization that is directly or indirectly controlled, in any manner or by any method, by you or by a member of your family, whether or not this control is legally enforceable. Can i amend my tax return Date of tax expatriation. Can i amend my tax return   For purposes of U. Can i amend my tax return S. Can i amend my tax return tax rules, the date of your expatriation or termination of residency is the later of the dates on which you perform the following actions. Can i amend my tax return You notify either the Department of State or the Department of Homeland Security (whichever is appropriate) of your expatriating act or termination of residency. Can i amend my tax return You file Form 8854 in accordance with the form instructions. Can i amend my tax return Annual return. Can i amend my tax return   If the expatriation tax applies to you, you must file Form 8854 each year during the 10-year period following the date of expatriation. Can i amend my tax return You must file this form even if you owe no U. Can i amend my tax return S. Can i amend my tax return tax. Can i amend my tax return Penalty. Can i amend my tax return   If you fail to file Form 8854 for any tax year, fail to include all information required to be shown on the form, or include incorrect information, you may have to pay a penalty of $10,000. Can i amend my tax return You will not have to pay a penalty if you show that the failure is due to reasonable cause and not to willful neglect. Can i amend my tax return How To Figure the Expatriation Tax (If You Expatriated Before June 17, 2008) If the expatriation tax applies to you, you are generally subject to tax on your U. Can i amend my tax return S. Can i amend my tax return source gross income and gains on a net basis at the graduated rates applicable to individuals (with allowable deductions) unless you would be subject to a higher tax under the 30% tax (discussed earlier) on income not connected with a U. Can i amend my tax return S. Can i amend my tax return trade or business. Can i amend my tax return For this purpose, U. Can i amend my tax return S. Can i amend my tax return source gross income (defined in chapter 2) includes gains from the sale or exchange of: Property (other than stock or debt obligations) located in the United States, Stock issued by a U. Can i amend my tax return S. Can i amend my tax return domestic corporation, and Debt obligations of U. Can i amend my tax return S. Can i amend my tax return persons or of the United States, a state or political subdivision thereof, or the District of Columbia. Can i amend my tax return U. Can i amend my tax return S. Can i amend my tax return source income also includes any income or gain derived from stock in certain controlled foreign corporations if you owned, or were considered to own, at any time during the 2-year period ending on the date of expatriation, more than 50% of: The total combined voting power of all classes of that corporation's stock, or The total value of the stock. Can i amend my tax return The income or gain is considered U. Can i amend my tax return S. Can i amend my tax return source income only to the extent of your share of earnings and profits earned or accumulated before the date of expatriation and during the periods you met the ownership requirements discussed above. Can i amend my tax return Any exchange of property is treated as a sale of the property at its fair market value on the date of the exchange and any gain is treated as U. Can i amend my tax return S. Can i amend my tax return source gross income in the tax year of the exchange unless you enter into a gain recognition agreement under Notice 97-19. Can i amend my tax return Other information. Can i amend my tax return   For more information on the expatriation tax provisions, including exceptions to the tax and special U. Can i amend my tax return S. Can i amend my tax return source rules, see section 877 of the Internal Revenue Code. Can i amend my tax return Expatriation Tax Return If you expatriated or terminated your U. Can i amend my tax return S. Can i amend my tax return residency, or you are subject to the expatriation tax, you must file Form 8854, Initial and Annual Expatriation Statement. Can i amend my tax return Attach it to Form 1040NR if you are required to file that form. Can i amend my tax return If you are present in the United States following your expatriation and are subject to tax as a U. Can i amend my tax return S. Can i amend my tax return citizen or resident, file Form 8854 with Form 1040. Can i amend my tax return Expatriation After June 16, 2008 If you expatriated after June 16, 2008, the expatriation rules apply to you if you meet any of the following conditions. Can i amend my tax return Your average annual net income tax for the 5 years ending before the date of expatriation or termination of residency is more than: $139,000 if you expatriated or terminated residency in 2008. Can i amend my tax return $145,000 if you expatriated or terminated residency in 2009 or 2010. Can i amend my tax return $147,000 if you expatriated or terminated residency in 2011. Can i amend my tax return $151,000 if you expatriated or terminated residency in 2012. Can i amend my tax return $155,000 if you expatriated or terminated residency in 2013. Can i amend my tax return Your net worth is $2 million or more on the date of your expatriation or termination of residency. Can i amend my tax return You fail to certify on Form 8854 that you have complied with all U. Can i amend my tax return S. Can i amend my tax return federal tax obligations for the 5 years preceding the date of your expatriation or termination of residency. Can i amend my tax return Exception for dual-citizens and certain minors. Can i amend my tax return   Certain dual-citizens and certain minors (defined next) are not subject to the expatriation tax even if they meet (1) or (2) above. Can i amend my tax return However, they still must provide the certification required in (3) above. Can i amend my tax return Certain dual-citizens. Can i amend my tax return   You may qualify for the exception described above if both of the following apply. Can i amend my tax return You became at birth a U. Can i amend my tax return S. Can i amend my tax return citizen and a citizen of another country and you continue to be a citizen of, and are taxed as a resident of, that other country. Can i amend my tax return You have been a resident of the United States for not more than 10 years during the 15-year tax period ending with the tax year during which the expatriation occurs. Can i amend my tax return For the purpose of determining U. Can i amend my tax return S. Can i amend my tax return residency, use the substantial presence test described in chapter 1. Can i amend my tax return Certain minors. Can i amend my tax return   You may qualify for the exception described earlier if you meet both of the following requirements. Can i amend my tax return You expatriated before you were 18½. Can i amend my tax return You have been a resident of the United States for not more than 10 tax years before the expatriation occurs. Can i amend my tax return For the purpose of determining U. Can i amend my tax return S. Can i amend my tax return residency, use the substantial presence test described in chapter 1. Can i amend my tax return Expatriation date. Can i amend my tax return   Your expatriation date is the date you relinquish U. Can i amend my tax return S. Can i amend my tax return citizenship (in the case of a former citizen) or terminate your long-term residency (in the case of a former U. Can i amend my tax return S. Can i amend my tax return resident). Can i amend my tax return Former U. Can i amend my tax return S. Can i amend my tax return citizen. Can i amend my tax return   You are considered to have relinquished your U. Can i amend my tax return S. Can i amend my tax return citizenship on the earliest of the following dates. Can i amend my tax return The date you renounced U. Can i amend my tax return S. Can i amend my tax return citizenship before a diplomatic or consular officer of the United States (provided that the voluntary renouncement was later confirmed by the issuance of a certificate of loss of nationality). Can i amend my tax return The date you furnished to the State Department a signed statement of voluntary relinquishment of U. Can i amend my tax return S. Can i amend my tax return nationality confirming the performance of an expatriating act (provided that the voluntary relinquishment was later confirmed by the issuance of a certificate of loss of nationality). Can i amend my tax return The date the State Department issued a certificate of loss of nationality. Can i amend my tax return The date that a U. Can i amend my tax return S. Can i amend my tax return court canceled your certificate of naturalization. Can i amend my tax return Former long-term resident. Can i amend my tax return   You are considered to have terminated your long-term residency on the earliest of the following dates. Can i amend my tax return The date you voluntarily relinquished your lawful permanent resident status by filing Department of Homeland Security Form I-407 with a U. Can i amend my tax return S. Can i amend my tax return consular or immigration officer, and the Department of Homeland Security determined that you have, in fact, abandoned your lawful permanent resident status. Can i amend my tax return The date you became subject to a final administrative order for your removal from the United States under the Immigration and Nationality Act and you actually left the United States as a result of that order. Can i amend my tax return If you were a dual resident of the United States and a country with which the United States has an income tax treaty, the date you began to be treated as a resident of that country and you determined that, for purposes of the treaty, you are a resident of the treaty country and notify the IRS of that treatment on Forms 8833 and 8854. Can i amend my tax return See Effect of Tax Treaties in chapter 1 for more information about dual residents. Can i amend my tax return How To Figure the Expatriation Tax (If You Expatriate After June 16, 2008) In the year you expatriate, you are subject to income tax on the net unrealized gain (or loss) in your property as if the property had been sold for its fair market value on the day before your expatriation date (“mark-to-market tax”). Can i amend my tax return This applies to most types of property interests you held on the date of relinquishment of citizenship or termination of residency. Can i amend my tax return But see Exceptions , later. Can i amend my tax return Gains arising from deemed sales must be taken into account for the tax year of the deemed sale without regard to other U. Can i amend my tax return S. Can i amend my tax return internal revenue laws. Can i amend my tax return Losses from deemed sales must be taken into account to the extent otherwise provided under U. Can i amend my tax return S. Can i amend my tax return internal revenue laws. Can i amend my tax return However, Internal Revenue Code section 1091 (relating to the disallowance of losses on wash sales of stock and securities) does not apply. Can i amend my tax return The net gain that you otherwise must include in your income is reduced (but not below zero) by: $600,000 if you expatriated or terminated residency before January 1, 2009. Can i amend my tax return $626,000 if you expatriated or terminated residency in 2009. Can i amend my tax return $627,000 if you expatriated or terminated residency in 2010. Can i amend my tax return $636,000 if you expatriated or terminated residency in 2011. Can i amend my tax return $651,000 if you expatriated or terminated residency in 2012. Can i amend my tax return $668,000 if you expatriated or terminated residency in 2013. Can i amend my tax return Exceptions. Can i amend my tax return   The mark-to-market tax does not apply to the following. Can i amend my tax return Eligible deferred compensation items. Can i amend my tax return Ineligible deferred compensation items. Can i amend my tax return Interests in nongrantor trusts. Can i amend my tax return Specified tax deferred accounts. Can i amend my tax return Instead, items (1) and (3) may be subject to withholding at source. Can i amend my tax return In the case of item (2), you are treated as receiving the present value of your accrued benefit as of the day before the expatriation date. Can i amend my tax return In the case of item (4), you are treated as receiving a distribution of your entire interest in the account on the day before your expatriation date. Can i amend my tax return See paragraphs (d), (e), and (f) of section 877A for more information. Can i amend my tax return Expatriation Tax Return If you expatriated or terminated your U. Can i amend my tax return S. Can i amend my tax return residency, or you are subject to the expatriation rules (as discussed earlier in the first paragraph under Expatriation After June 16, 2008), you must file Form 8854. Can i amend my tax return Attach it to Form 1040 or Form 1040NR if you are required to file either of those forms. Can i amend my tax return Deferral of payment of mark-to-market tax. Can i amend my tax return   You can make an irrevocable election to defer payment of the mark-to-market tax imposed on the deemed sale of property. Can i amend my tax return If you make this election, the following rules apply. Can i amend my tax return You can make the election on a property-by-property basis. Can i amend my tax return The deferred tax attributable to a particular property is due on the return for the tax year in which you dispose of the property. Can i amend my tax return Interest is charged for the period the tax is deferred. Can i amend my tax return The due date for the payment of the deferred tax cannot be extended beyond the earlier of the following dates. Can i amend my tax return The due date of the return required for the year of death. Can i amend my tax return The time that the security provided for the property fails to be adequate. Can i amend my tax return See item (6) below. Can i amend my tax return You make the election on Form 8854. Can i amend my tax return You must provide adequate security (such as a bond). Can i amend my tax return You must make an irrevocable waiver of any right under any treaty of the United States which would preclude assessment or collection of the mark-to-market tax. Can i amend my tax return   For more information about the deferral of payment, see the Instructions for Form 8854. Can i amend my tax return Prev  Up  Next   Home   More Online Publications
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Can i amend my tax return 35. Can i amend my tax return   Créditos Tributarios por Estudios Table of Contents Introduction Useful Items - You may want to see: ¿Quién Puede Reclamar un Crédito Tributario por Estudios? Gastos de Estudios CalificadosNo se Permite Beneficio Doble Ajustes a los Gastos de Estudios Calificados Introduction Para 2013, hay dos créditos tributarios para personas que paguen gastos de enseñanza superior (postsecundaria). Can i amend my tax return Éstos son: El crédito tributario de oportunidad para los estadounidenses y El crédito vitalicio por aprendizaje. Can i amend my tax return Este capítulo explica en términos generales estos créditos tributarios por estudios. Can i amend my tax return Para obtener la información detallada que necesitará para reclamar cualquiera de los créditos, y para ver ejemplos aclaratorios, consulte los capítulos 2 y 3 de la Publicación 970, Tax Benefits for Education (Beneficios tributarios por estudios), en inglés. Can i amend my tax return ¿Puede reclamar más de un crédito por estudios este año?   Puede escoger sólo uno de los créditos por cada estudiante por cada año. Can i amend my tax return Por ejemplo, si reclama el crédito tributario de oportunidad para los estadounidenses por un hijo en su declaración de impuestos de 2013, no puede tomar el crédito vitalicio por aprendizaje para 2013 si se trata del mismo hijo. Can i amend my tax return   Si reúne los requisitos del crédito tributario de oportunidad para los estadounidenses y también del crédito vitalicio por aprendizaje por el mismo estudiante durante el mismo año, puede reclamar sólo uno de los dos créditos, pero no ambos. Can i amend my tax return   Si paga gastos de estudios calificados por más de un estudiante durante el mismo año, puede reclamar el crédito tributario de oportunidad para los estadounidenses y el crédito vitalicio por aprendizaje basado por cada estudiante y por año. Can i amend my tax return Esto quiere decir que, por ejemplo, puede reclamar el crédito tributario de oportunidad para los estadounidenses por un estudiante y el crédito vitalicio por aprendizaje por otro estudiante en el mismo año. Can i amend my tax return    Tabla 35-1. Can i amend my tax return Comparación de los Créditos Tributarios por Estudios Precaución: Puede reclamar el crédito tributario de oportunidad para los estadounidenses y el crédito vitalicio por aprendizaje en la misma declaración —pero no por el mismo estudiante. Can i amend my tax return   Crédito tributario de oportunidad para los estadounidenses Crédito vitalicio por aprendizaje Crédito máximo Un crédito de hasta $2,500 por cada estudiante que reúne los requisitos Un crédito de hasta $2,000 por cada declaración Límite a los ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés) $180,000 si es casado que presenta una declaración conjunta;  $90,000 si es soltero, cabeza de familia o viudo que reúne los requisitos $127,000 si es casado que presenta una declaración conjunta;  $63,000 si es soltero, cabeza de familia o viudo que reúne los requisitos Reembolsable o no reembolsable El 40% del crédito podría ser reembolsable El monto del crédito está limitado al monto de impuestos que tiene que pagar sobre sus ingresos sujetos a impuestos Número de años de enseñanza postsecundaria Disponible SÓLO si el estudiante no ha completado los 4 primeros años de enseñanza postsecundaria antes de 2013 Disponible para todo año de enseñanza postsecundaria y cursos para adquirir o mejorar aptitudes en el trabajo Número de años tributarios por los cuales se ofrece el crédito Disponible SÓLO por 4 años por cada estudiante que reúna los requisitos (incluido todo año en el que se haya reclamado el crédito Hope) Disponible por un número ilimitado de años Tipo de programa académico requerido El estudiante tiene que estar cursando un programa de estudios con miras a sacar una licenciatura u otro título o certificado académico acreditado El estudiante no necesita estar cursando un programa de estudios con miras a sacar una licenciatura u otro título o certificado académico acreditado Número de cursos El estudiante tiene que estar matriculado a medio tiempo como mínimo durante al menos un período académico que haya comenzado en el transcurso del año tributario Disponible para uno o más cursos Fallo condenatorio por delito grave de drogas Si para el fin de 2013 no consta fallo condenatorio alguno al estudiante por delito grave de poseer o distribuir drogas Fallos condenatorios por delito grave de drogas no hacen que el estudiante no reúna los requisitos Gastos que reúnen los requisitos Costos de matrícula y gastos de inscripción obligatorios y todos los materiales relacionados con un curso que necesita el estudiante, tanto si son comprados o no en la institución como condición de inscripción o asistencia Costos de matrícula y gastos de inscripción obligatorios (incluidas cantidades que tienen que pagarse a la institución por textos, materiales y equipo relacionados con un curso) Pagos por períodos académicos Pagos efectuados en 2013 para períodos académicos que se iniciaron en 2013 y en los tres primeros meses de 2014 Diferencias entre el crédito tributario de oportunidad para los estadounidenses y el crédito vitalicio por aprendizaje. Can i amend my tax return   Existen varias diferencias entre estos dos créditos. Can i amend my tax return Estas diferencias se resumen en la Tabla 35-1, más adelante. Can i amend my tax return Useful Items - You may want to see: Publicación 970 Tax Benefits for Education (Beneficios tributarios por estudios), en inglés Formulario (e Instrucciones) 8863 Education Credits (American Opportunity and Lifetime Learning Credits) (Créditos tributarios por estudios (crédito tributario de oportunidad para los estadounidenses y crédito vitalicio por aprendizaje)), en inglés ¿Quién Puede Reclamar un Crédito Tributario por Estudios? Tal vez pueda reclamar un crédito tributario por estudios si usted, su cónyuge o un dependiente reclamado en su declaración de impuestos era estudiante matriculado en, o asistió a, una institución de enseñanza superior que reúne los requisitos. Can i amend my tax return Los créditos se basan en la cantidad de gastos de estudios calificados que hayan sido pagados a nombre del estudiante en 2013 por períodos académicos que comenzaron en 2013 y en los primeros tres meses de 2014. Can i amend my tax return Por ejemplo, si pagó $1,500 en diciembre de 2013 por una matrícula calificada por el semestre de primavera de 2014 que comience en enero de 2014, tal vez pueda usar los $1,500 en el cálculo del (de los) crédito(s) para 2013. Can i amend my tax return Período académico. Can i amend my tax return   Un período académico abarca un semestre, trimestre, cuatrimestre u otro período de estudios (como un curso de escuela de verano) según lo determine de manera razonable una institución de enseñanza superior. Can i amend my tax return En el caso de una institución de enseñanza superior que no tenga períodos académicos sino horas de crédito u horas de reloj, cada período de pago se puede considerar período académico. Can i amend my tax return Institución de enseñanza superior que reúne los requisitos. Can i amend my tax return   Una “institución de enseñanza superior que reúne los requisitos” es todo colegio universitario, universidad, escuela de enseñanza técnica u otra institución de enseñanza superior con derecho a participar en un programa de asistencia financiera al estudiante administrado por el Departamento de Educación de los Estados Unidos. Can i amend my tax return Esta clase de institución abarca prácticamente todas las instituciones acreditadas de enseñanza superior públicas, sin fines de lucro y las privadas con fines de lucro. Can i amend my tax return La institución de enseñanza superior debe poder indicarle si reúne los requisitos. Can i amend my tax return   Determinadas instituciones de enseñanza superior ubicadas en el extranjero participan también en los programas de Federal Student Aid (Asistencia Financiera al Estudiante o FSA, por sus siglas en inglés) del Departamento de Educación de los Estados Unidos. Can i amend my tax return ¿Quién puede reclamar los gastos de un dependiente?   Si una persona reclama al estudiante como dependiente y se permite una deducción por aquel estudiante en la declaración de dicha persona, se considera que esa persona ha pagado todos los gastos de estudios calificados del estudiante. Can i amend my tax return Por lo tanto, sólo esa persona puede reclamar un crédito por estudios en nombre del estudiante. Can i amend my tax return Si un estudiante no es reclamado como dependiente en la declaración de impuestos de otra persona, sólo el estudiante puede reclamar un crédito. Can i amend my tax return Gastos pagados por un tercero. Can i amend my tax return   Los gastos de estudios calificados pagados en nombre del estudiante por una persona que no sea el estudiante (como un pariente) se tratan como si hubiesen sido pagados por dicho estudiante. Can i amend my tax return Sin embargo, los gastos de estudios calificados pagados (o que se tratan como si hubiesen sido pagados) por un estudiante que es reclamado como dependiente en su declaración de impuestos, se tratan como si hubiesen sido pagados por usted. Can i amend my tax return Por lo tanto, a usted se le trata como si hubiese pagado los gastos que fueron pagados por el tercero. Can i amend my tax return Para más información y para ver un ejemplo, vea Who can Claim a Dependent's Expenses (¿Quién puede reclamar los gastos de un dependiente?) en el capítulo 2 ó 3 de la Publicación 970, en inglés. Can i amend my tax return ¿Quién no puede reclamar el crédito?   No puede tomar un crédito tributario por estudios si alguna de las siguientes situaciones le corresponde: Usted es reclamado como dependiente en la declaración de impuestos de otra persona, como la de sus padres. Can i amend my tax return Su estado civil para efectos de la declaración es casado que presenta una declaración por separado. Can i amend my tax return Usted (o su cónyuge) fue extranjero no residente durante cualquier parte de 2013 y no optó por ser tratado como extranjero residente para fines tributarios. Can i amend my tax return Sus ingresos brutos ajustados modificados (MAGI, por sus siglas en inglés) es uno de los siguientes: Crédito tributario de oportunidad para los estadounidenses: $180,000 o más si es casado que presenta la declaración conjunta, o $90,000 o más si es soltero, cabeza de familia o viudo que reúne los requisitos. Can i amend my tax return Crédito vitalicio por aprendizaje: $127,000 o más si es casado que presenta la declaración conjunta, o $63,000 o más si es soltero, cabeza de familia o viudo que reúne los requisitos. Can i amend my tax return   Por lo general, su MAGI es la cantidad de la línea 38 de su Formulario 1040 o la línea 22 del Formulario 1040A. Can i amend my tax return No obstante, si presenta el Formulario 2555, 2555-EZ o 4563 o si excluye ingresos de fuentes dentro de Puerto Rico, sume la cantidad excluida del ingreso a la cantidad en la línea 38 de su Formulario 1040 o de la línea 22 del Formulario 1040A. Can i amend my tax return Para más detalles, vea la Publicación 970, en inglés. Can i amend my tax return   La Figura 35-A podría ser útil al momento de determinar si puede reclamar un crédito tributario por estudios en su declaración de impuestos. Can i amend my tax return    El crédito tributario de oportunidad para los estadounidenses siempre será mayor que o igual al crédito vitalicio por aprendizaje para todo estudiante que reúna los requisitos para ambos créditos. Can i amend my tax return Sin embargo, si no se cumplen todos los requisitos correspondientes al crédito tributario de oportunidad para los estadounidenses enumerados anteriormente en la Tabla 35-1, usted no puede reclamar dicho crédito en base de este estudiante. Can i amend my tax return En lugar de ello, quizás podría reclamar el crédito vitalicio por aprendizaje por una parte o la totalidad de los gastos de estudios calificados de dicho estudiante. Can i amend my tax return Para obtener información sobre otros beneficios relacionados con los estudios, vea la Publicación 970, en inglés. Can i amend my tax return Gastos de Estudios Calificados Generalmente, se considera que los gastos de estudios calificados son cantidades pagadas en 2013 por matrícula y gastos escolares obligatorios para matricularse en un curso o asistir al mismo en una institución de enseñanza superior. Can i amend my tax return No importa si los gastos fueron pagados en efectivo, por cheque, con tarjeta de crédito o débito, o con préstamos. Can i amend my tax return Sólo reúnen los requisitos ciertos gastos por libros, materiales y equipos relacionados con un curso: Crédito tributario de oportunidad para los estadounidenses: Los gastos de estudios calificados abarcan cantidades gastadas en libros, materiales y equipos necesarios para cursos de un programa de estudios, ya sea o no que se compren estos materiales en la institución de enseñanza como condición para matricularse o asistir a tales cursos. Can i amend my tax return Crédito vitalicio por aprendizaje: Los gastos de estudios calificados abarcan cantidades gastadas en libros, materiales y equipos sólo si se tienen que pagar a la institución como condición para matricularse o asistir a cursos. Can i amend my tax return Los gastos de estudios calificados incluyen cuotas no académicas, tales como cuotas por actividades estudiantiles, cuotas por actividades deportivas u otros gastos no relacionados con el curso de instrucción, sólo si la cuota tiene que pagarse a la institución como condición de inscripción o asistencia. Can i amend my tax return Sin embargo, las cuotas por gastos personales (descritos a continuación) nunca se consideran gastos de estudios calificados. Can i amend my tax return Los gastos de estudios calificados no incluyen cantidades pagadas por: Gastos personales. Can i amend my tax return Éstos incluyen gastos de alojamiento y comida, seguros, gastos médicos (incluyendo las cuotas de servicios de salud para estudiantes), transporte y otros gastos personales similares o de familia. Can i amend my tax return Todo curso u otros estudios que se relacionen con deportes, juegos o pasatiempos o todo curso sin crédito académico, a menos que dicho curso o dichos estudios formen parte del programa de estudios para obtener un título del estudiante o (sólo en el caso del crédito vitalicio por aprendizaje) ayude al estudiante a adquirir o mejorar aptitudes en el trabajo. Can i amend my tax return Usted debe recibir el Formulario 1098-T, Tuition Statement (Información sobre el pago de matrícula), en inglés, de la institución que informa cualesquiera de los pagos recibidos en 2013 (encasillado 1) o las cantidades facturadas en 2013 (encasillado 2). Can i amend my tax return Sin embargo, la cantidad pagada (o tratada como pagada) puede ser distinta a la cantidad en el encasillado 1 ó 2 del Formulario 1098-T. Can i amend my tax return Al completar el Formulario 8863, en inglés, utilice sólo las cantidades que realmente pagó (además de cualquier otra cantidad tratada como pagada) en 2013, reducida cuando sea necesario, como se describe en Ajustes a los Gastos de Estudios Calificados , más adelante. Can i amend my tax return Los gastos de estudios calificados pagados en nombre del estudiante por una persona que no sea el estudiante (como un pariente) se tratan como si hubiesen sido pagados por dicho estudiante. Can i amend my tax return Los gastos de estudios calificados pagados (o que se tratan como si hubiesen sido pagados) por un estudiante que es reclamado como dependiente en su declaración de impuestos se tratan como si hubiesen sido pagados por usted. Can i amend my tax return Al calcular los créditos tributarios por estudios, si usted o el estudiante toman una deducción por gastos de enseñanza superior, tal como en el Anexo A o C (Formulario 1040), no pueden utilizar esos gastos como gastos de estudios calificados. Can i amend my tax return Los gastos de estudios calificados para cualquier período académico tienen que ser reducidos por toda ayuda económica de estudios exenta de los impuestos asignable a dicho período académico. Can i amend my tax return Vea Ajustes a los Gastos de Estudios Calificados , más adelante. Can i amend my tax return Gastos pagados por adelantado. Can i amend my tax return   Los gastos de estudios calificados pagados en 2013 para un período académico que comienza en los primeros tres meses de 2014 se pueden utilizar sólo en el cálculo del crédito por estudios de 2013. Can i amend my tax return Vea Período académico , anteriormente. Can i amend my tax return Por ejemplo, si usted paga $2,000 en diciembre de 2013 para matrícula calificada por el cuatrimestre del invierno de 2014 que comienza en enero de 2014, puede utilizar los $2,000 en el cálculo del crédito por estudios sólo para 2013 (si reúne todos los otros requisitos). Can i amend my tax return No puede utilizar cantidad alguna que haya pagado en 2012 ó 2014 para calcular su(s) crédito(s) tributario(s) por estudios de 2013. Can i amend my tax return Gastos pagados con un préstamo. Can i amend my tax return   Puede reclamar un crédito por estudios en el caso de gastos de estudios calificados que haya pagado con un préstamo. Can i amend my tax return Utilice los gastos para calcular el crédito tributario por estudios correspondiente al año en que se paguen los gastos y no al año en el que se pague el préstamo. Can i amend my tax return Trate los pagos del préstamo enviados directamente a la institución de enseñanza superior como si se hubiesen pagado en la fecha en que dicha institución abone los pagos a la cuenta del estudiante. Can i amend my tax return Si el estudiante se retira de uno o más cursos. Can i amend my tax return   Puede reclamar un crédito tributario por estudios en el caso de gastos de estudios calificados que no se le devuelvan al estudiante si el estudiante se retira de uno o más cursos. Can i amend my tax return No se Permite Beneficio Doble No se permite hacer lo siguiente: Deducir gastos de enseñanza superior en su declaración de impuestos sobre los ingresos (por ejemplo, un gasto de negocio) y reclamar también un crédito por estudios basándose en dichos gastos. Can i amend my tax return Reclamar más de un (1) crédito tributario por estudios basándose en los mismos gastos de estudios calificados. Can i amend my tax return Reclamar un crédito por estudios basándose en los mismos gastos utilizados para calcular la parte exenta del impuesto de distribuciones de una cuenta de ahorros para estudios Coverdell (Coverdell ESA, por su abreviatura en inglés) o un programa de matrícula calificada (QTP, por sus siglas en inglés). Can i amend my tax return Reclamar un crédito basándose en gastos de estudios calificados que hayan sido pagados con ayuda para estudios, tal como una beca o subvención o ayuda provista por el empleador, libres de impuestos. Can i amend my tax return Vea Ajustes a los Gastos de Estudios Calificados, a continuación. Can i amend my tax return Ajustes a los Gastos de Estudios Calificados Para cada estudiante, se tiene que restar los gastos de estudios calificados, pagados en 2013, por o en nombre de dicho estudiante bajo las siguientes reglas. Can i amend my tax return El resultado es la cantidad ajustada en gastos de estudios calificados por cada estudiante. Can i amend my tax return Ayuda económica para estudios exenta de impuestos. Can i amend my tax return   Si en 2013 recibió ayuda económica para estudios que está exenta de impuestos, reste la cantidad de la ayuda económica para estudios exenta de impuestos asignable para cada período académico de la cantidad de gastos de estudios calificados para cada período académico. Can i amend my tax return Vea Período académico , anteriormente. Can i amend my tax return   La ayuda económica para estudios exenta de impuestos incluye: Partes no sujetas a impuestos de becas de estudios y becas de investigación (vea el capítulo 12 de esta publicación y el capítulo 1 de la Publicación 970, en inglés), La parte no sujeta a impuestos de subvenciones federales Pell (vea el capítulo 1 de la Publicación 970, en inglés), La parte no sujeta a impuestos de ayuda económica para estudios provista por el empleador (vea la Publicación 970, en inglés), Ayuda económica para estudios para veteranos (vea el capítulo 1 de la Publicación 970, en inglés) y Cualquier otro pago no sujeto a impuestos (libre de impuestos) (que no sean regalos ni herencias) recibido como ayuda económica para estudios. Can i amend my tax return   Por lo general, toda beca de estudios o de investigación es tratada como una ayuda económica para estudios exenta de impuestos. Can i amend my tax return Sin embargo, una beca de estudios o de investigación no será tratada como dicha ayuda al punto de que el estudiante la incluye como ingreso bruto (si el estudiante tiene que presentar una declaración de impuestos) para el año en que reciba la beca de estudios o de investigación y le corresponde uno de los siguientes: La beca de estudios o de investigación (o cualquier parte de dicha beca) tiene que ser aplicada (por sus condiciones) a gastos (como de alojamiento y comida) que no sean gastos de estudios calificados como se define en el capítulo 1, Qualified education expenses (Gastos de estudios calificados), de la Publicación 970, en inglés, o La beca de estudios o de investigación (o cualquier parte de dicha beca) puede ser aplicada (por sus condiciones) a gastos (como de alojamiento y comida) que no sean gastos de estudios calificados como se define en el capítulo 1, Qualified education expenses (Gastos de estudios calificados), de la Publicación 970, en inglés. Can i amend my tax return Podría aumentar el valor combinado del crédito tributario por estudios y cierta ayuda económica para estudios si el estudiante incluye alguna o toda ayuda económica para estudios del ingreso en el año en que recibió dicha ayuda. Can i amend my tax return Para detalles, vea Adjustments of Qualified Education Expenses (Ajustes a los gastos de estudios calificados) en los capítulos 2 y 3 de la Publicación 970, en inglés. Can i amend my tax return Cierta ayuda económica para estudios exenta de impuestos recibida después de 2013 podría ser tratada como un reembolso de gastos de estudios calificados que se pagaron en 2013. Can i amend my tax return Esta ayuda económica para estudios exenta de impuestos es toda ayuda económica para estudios exenta de impuestos que usted o cualquier otro ha recibido después de 2013 por gastos de estudios calificados pagados en nombre de un estudiante en 2013 (o atribuible a la matrícula de una institución de enseñanza superior que reúne los requisitos durante 2013). Can i amend my tax return Si dicha ayuda económica para estudios exenta de impuestos se recibe después de 2013 pero antes de que presente su declaración de impuestos sobre los ingresos para 2013, vea Reembolsos recibidos después de 2013 pero antes de presentar su declaración de impuestos sobre los ingresos, más adelante. Can i amend my tax return Si dicha ayuda económica para estudios exenta de impuestos se recibe después de 2013 y después que presenta su declaración de impuestos sobre los ingresos para 2013, vea Reembolsos recibidos después de 2013 y después que presenta su declaración de impuestos sobre los ingresos, más adelante. Can i amend my tax return Reembolsos. Can i amend my tax return   Un reembolso de gastos de estudios calificados puede reducir gastos de estudios calificados por el año tributable o puede requerir que recupere (reintegre) el crédito tributario por estudios que reclamó en un año anterior. Can i amend my tax return Cierta ayuda económica para estudios exenta de impuestos recibida después de 2013 puede ser tratada como un reembolso. Can i amend my tax return Vea Ayuda económica para estudios exenta de impuestos, anteriormente. Can i amend my tax return Reembolsos recibidos en 2013. Can i amend my tax return   Por cada estudiante, calcule los gastos de estudios calificados ajustados de 2013 sumando todos los gastos de estudios calificados pagados en 2013 y reste todos los reembolsos de esos gastos recibidos de la institución de enseñanza superior que reúne los requisitos durante 2013. Can i amend my tax return Reembolsos recibidos después de 2013 pero antes de presentar su declaración de impuestos sobre los ingresos. Can i amend my tax return   Si alguien recibe un reembolso después de 2013 por gastos de estudios calificados pagado en nombre de un estudiante en 2013 y el reembolso es recibido antes de que presente su declaración de impuestos sobre los ingresos de 2013, reste la cantidad de gastos de estudios calificados de 2013 por la cantidad del reembolso. Can i amend my tax return Reembolsos recibidos después de 2013 y después de presentar su declaración de impuestos sobre los ingresos. Can i amend my tax return   Si alguien recibe un reembolso después de 2013 por gastos de estudios calificados pagados en nombre de un estudiante en 2013 y el reembolso es recibido después de presentar su declaración de impuestos sobre los ingresos de 2013, podría verse obligado a reintegrar parte o todo el crédito tributario por estudios que reclamó. Can i amend my tax return Vea Recuperar (reintegrar) el crédito, a continuación. Can i amend my tax return Recuperar (reintegrar) el crédito. Can i amend my tax return   Si después de haber presentado su declaración de impuestos sobre los ingresos de 2013, recibe alguna ayuda económica para estudios exenta de impuestos o cualquier reembolso correspondiente a gastos de estudios calificados que haya pagado en 2013, tiene que recuperar (reintegrar) todo crédito en exceso. Can i amend my tax return Cuando se vuelve a calcular la cantidad de gastos de estudios calificados ajustados de 2013, reste de dichos gastos la cantidad de la ayuda económica para estudios exenta de impuestos o el (los) reembolso(s) que haya recibido. Can i amend my tax return Entonces se calcula nuevamente su(s) crédito(s) tributario(s) por estudios de 2013 y se calcula la cantidad por la cual su impuesto adeudado de 2013 hubiera aumentado si hubiese reclamado dicho(s) crédito(s) nuevamente calculado(s). Can i amend my tax return Incluya esa cantidad como un impuesto adicional para el año en que la ayuda económica o el reembolso fueron recibidos. Can i amend my tax return Ejemplo. Can i amend my tax return   Usted pagó $8,000 por matrícula y gastos escolares de su hijo en diciembre de 2013 por el semestre de primavera que comienza en enero de 2014. Can i amend my tax return Usted presentó su declaración de impuestos de 2013 el 3 de febrero de 2014 y reclamó un crédito vitalicio por aprendizaje de $1,600 ($8,000 de gastos de estudios calificados multiplicado por 0. Can i amend my tax return 20). Can i amend my tax return Usted no reclamó otros créditos tributarios. Can i amend my tax return Después de haber presentado su declaración, su hijo se retiró de dos cursos y usted recibió un reembolso de $1,400. Can i amend my tax return Tiene que volver a calcular su crédito vitalicio por aprendizaje de 2013 usando $6,600 ($1,400 del reembolso que se resta de los gastos de estudios calificados de $8,000). Can i amend my tax return El crédito nuevamente calculado es $1,320 y su impuesto adeudado aumentó por $280. Can i amend my tax return Tiene que incluir el resultado de $280 (lo que queda después de que haya restado $1,320 (el crédito nuevamente calculado) de $1,600 (el crédito que había reclamado originalmente)) como un impuesto adicional en su declaración de impuestos sobre los ingresos de 2014. Can i amend my tax return Para determinar en dónde incluir dicho impuesto adicional, vea las instrucciones de su declaración de impuestos sobre los ingresos de 2014. Can i amend my tax return    Si también paga gastos de estudios calificados en 2014 para un período académico que comienza en los primeros tres meses de 2014 y recibe ayuda económica para estudios exenta de impuestos o un reembolso como se explicó anteriormente, usted puede escoger reducir sus gastos de estudios calificados para el 2014 en vez de reducir sus gastos para 2013. Can i amend my tax return Cantidades que no reducen los gastos de estudios calificados. Can i amend my tax return   No reste de los gastos de estudios calificados las cantidades pagadas con fondos que el estudiante reciba como: Pagos por servicios, como salarios; Un préstamo; Un regalo; Una herencia o Un retiro de la cuenta de ahorros personal del estudiante. Can i amend my tax return   No reste de los gastos de estudios calificados ninguna beca de estudios o beca de investigación reclamada como ingresos en la declaración de ingresos del estudiante en las siguientes situaciones: El uso del dinero está limitado, por los términos de la beca de estudios o de investigación, a los costos de asistencia (como alojamiento y comida) que no sean gastos de estudios calificados, como se definen en el capítulo 1 de la Publicación 970, en inglés. Can i amend my tax return El uso del dinero no está limitado. Can i amend my tax return   Para ver ejemplos, consulte el capítulo 2 de la Publicación 970, en inglés. Can i amend my tax return Please click here for the text description of the image. Can i amend my tax return Figura 35-A ¿Puede usted reclamar el crédito por Estudios para 2013? Prev  Up  Next   Home   More Online Publications