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Filing Prior Year Tax Returns

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Filing Prior Year Tax Returns

Filing prior year tax returns Index A Affected taxpayer, Affected taxpayer. Filing prior year tax returns B Book inventories, charitable deduction for, Charitable Deduction for Contributions of Book Inventories to Public Schools C Cancellation of indebtedness, Exclusion of Certain Cancellations of Indebtedness by Reason of Hurricane Katrina Casualty and theft losses, Casualty and Theft Losses Charitable contributions, Temporary Suspension of Limits on Charitable Contributions Charitable deduction: Book inventory, Charitable Deduction for Contributions of Book Inventories to Public Schools Food inventory, Charitable Deduction for Contributions of Food Inventory Child tax credit, Earned Income Credit and Child Tax Credit Clean-up costs, Demolition and Clean-up Costs Copy of tax return, request for, Request for copy of tax return. Filing prior year tax returns Core disaster area, Gulf Opportunity (GO) Zone (Core Disaster Area) Covered disaster area: Katrina, Katrina Covered Disaster Area Rita, Hurricane Rita Disaster Area (Rita Covered Disaster Area) Wilma, Wilma Covered Disaster Area Credits: Child tax, Earned Income Credit and Child Tax Credit Earned income, Earned Income Credit and Child Tax Credit Education, Education Credits Employee retention, Employee Retention Credit Hurricane Katrina housing, Hurricane Katrina Housing Credit Rehabilitation tax, Increase in Rehabilitation Tax Credit Work opportunity, Work Opportunity Credit D Deadlines, extended, Extended Tax Deadlines Demolition costs, Demolition and Clean-up Costs Depreciation: Qualified GO Zone property, Qualified GO Zone property. Filing prior year tax returns Special allowance, Special Depreciation Allowance Disaster area: Hurricane Katrina, Hurricane Katrina Disaster Area Hurricane Rita, Hurricane Rita Disaster Area (Rita Covered Disaster Area) Hurricane Wilma, Hurricane Wilma Disaster Area Distributions: Home purchase or construction, Repayment of Qualified Distributions for the Purchase or Construction of a Main Home Qualified hurricane, Qualified hurricane distribution. Filing prior year tax returns Repayment of, Repayment of Qualified Hurricane Distributions Taxation of, Taxation of Qualified Hurricane Distributions E Earned income credit, Earned Income Credit and Child Tax Credit Education credits, Education Credits Eligible retirement plan, Eligible retirement plan. Filing prior year tax returns Employee retention credit, Employee Retention Credit Exemption, additional for housing, Additional Exemption for Housing Individuals Displaced by Hurricane Katrina F Federal mortgage subsidy, recapture of, Recapture of Federal Mortgage Subsidy Food inventory, charitable deduction for, Charitable Deduction for Contributions of Food Inventory G Gulf Opportunity (GO) Zone, Gulf Opportunity (GO) Zone (Core Disaster Area) H Help: How to get, How To Get Tax Help Phone number, How To Get Tax Help Special IRS assistance, How To Get Tax Help Website, How To Get Tax Help Hope credit (see Education credits) Hurricane Katrina disaster area, Hurricane Katrina Disaster Area Hurricane Katrina housing credit, Hurricane Katrina Housing Credit Hurricane Rita disaster area, Hurricane Rita Disaster Area (Rita Covered Disaster Area) Hurricane Wilma disaster area, Hurricane Wilma Disaster Area I Involuntary conversion (see Replacement period for nonrecognition of gain) IRAs and other retirement plans, IRAs and Other Retirement Plans L Lifetime learning credit (see Education credits) M Mileage reimbursements, charitable volunteers, Mileage Reimbursements to Charitable Volunteers N Net operating losses, Net Operating Losses Q Qualified GO Zone loss, Qualified GO Zone loss. Filing prior year tax returns Qualified hurricane distribution, Qualified hurricane distribution. Filing prior year tax returns R Reforestation costs, Reforestation Costs Rehabilitation tax credit, Increase in Rehabilitation Tax Credit Relocation, temporary, Tax Relief for Temporary Relocation Replacement period for nonrecognition of gain, Replacement Period for Nonrecognition of Gain Retirement plan, eligible, Eligible retirement plan. Filing prior year tax returns Retirement plans, IRAs and Other Retirement Plans Rita GO Zone, Rita GO Zone S Section 179 deduction, Increased Section 179 Deduction Standard mileage rate, charitable use, Standard Mileage Rate for Charitable Use of Vehicles T Tax return: Request for copy, Request for copy of tax return. Filing prior year tax returns Request for transcript, Request for transcript of tax return. Filing prior year tax returns Taxpayer Advocate, Contacting your Taxpayer Advocate. Filing prior year tax returns Temporary relocation, Tax Relief for Temporary Relocation Theft losses, Casualty and Theft Losses Timber: 5-year NOL carryback, 5-year NOL carryback of certain timber losses. Filing prior year tax returns Reforestation costs, Reforestation Costs Transcript of tax return, request for, Request for transcript of tax return. Filing prior year tax returns W Wilma GO Zone, Wilma GO Zone Work opportunity credit, Work Opportunity Credit Prev  Up     Home   More Online Publications
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Understanding Your CP232B Notice

We denied your request to extend the time to file Form 5330 because your Form 5558, Application for Extension of Time To File Certain Employee Plan Returns, wasn't received on time. A request for an extension of the time to file Form 5330 must be received on or before the due date of your return.


What you need to do

  • File your required Form 5330 immediately to limit any late filing penalties. If Form 5330 is filed after the due date of the return, the return will be considered late and subject to late filing penalties.

You may want to


Answers to Common Questions

Q. Where can I go for more information about Employee Benefit Plans?

A. For more information on Employee Benefit Plans, see Retirement Plans Community.

Q. Can I get help over the phone?

A. If you have questions and/or need help, please call 1-877-829-5500. Personal assistance is available Monday through Friday, 7:00 a.m. to 7:00 p.m. CT.

 


Tips for next year

  • Be sure to mail your Form 5558 on or before the due date of your return.
  • Review the Form 5558 resources at Form 5500 Corner.

 

Page Last Reviewed or Updated: 27-Jan-2014

How to get help

  • Call the 1-800 number listed on the top right corner of your notice.
  • Authorize someone (e.g., accountant) to contact the IRS on your behalf using Form 2848.
  • See if you qualify for help from a Low Income Taxpayer Clinic.
     

The Filing Prior Year Tax Returns

Filing prior year tax returns 4. Filing prior year tax returns   Tax Withholding and Estimated Tax Table of Contents What's New for 2014 Reminders Introduction Useful Items - You may want to see: Tax Withholding for 2014Salaries and Wages Tips Taxable Fringe Benefits Sick Pay Pensions and Annuities Gambling Winnings Unemployment Compensation Federal Payments Backup Withholding Estimated Tax for 2014Who Does Not Have To Pay Estimated Tax Who Must Pay Estimated Tax How To Figure Estimated Tax When To Pay Estimated Tax How To Figure Each Payment How To Pay Estimated Tax Credit for Withholding and Estimated Tax for 2013Withholding Estimated Tax Underpayment Penalty for 2013 What's New for 2014 Tax law changes for 2014. Filing prior year tax returns  When you figure how much income tax you want withheld from your pay and when you figure your estimated tax, consider tax law changes effective in 2014. Filing prior year tax returns For more information, see Publication 505. Filing prior year tax returns Reminders Estimated tax safe harbor for higher income taxpayers. Filing prior year tax returns  If your 2013 adjusted gross income was more than $150,000 ($75,000 if you are married filing a separate return), you must pay the smaller of 90% of your expected tax for 2014 or 110% of the tax shown on your 2013 return to avoid an estimated tax penalty. Filing prior year tax returns Introduction This chapter discusses how to pay your tax as you earn or receive income during the year. Filing prior year tax returns In general, the federal income tax is a pay-as-you-go tax. Filing prior year tax returns There are two ways to pay as you go. Filing prior year tax returns Withholding. Filing prior year tax returns If you are an employee, your employer probably withholds income tax from your pay. Filing prior year tax returns Tax also may be withheld from certain other income, such as pensions, bonuses, commissions, and gambling winnings. Filing prior year tax returns The amount withheld is paid to the IRS in your name. Filing prior year tax returns Estimated tax. Filing prior year tax returns If you do not pay your tax through withholding, or do not pay enough tax that way, you may have to pay estimated tax. Filing prior year tax returns People who are in business for themselves generally will have to pay their tax this way. Filing prior year tax returns Also, you may have to pay estimated tax if you receive income such as dividends, interest, capital gains, rent, and royalties. Filing prior year tax returns Estimated tax is used to pay not only income tax, but self-employment tax and alternative minimum tax as well. Filing prior year tax returns This chapter explains these methods. Filing prior year tax returns In addition, it also explains the following. Filing prior year tax returns Credit for withholding and estimated tax. Filing prior year tax returns When you file your 2013 income tax return, take credit for all the income tax withheld from your salary, wages, pensions, etc. Filing prior year tax returns , and for the estimated tax you paid for 2013. Filing prior year tax returns Also take credit for any excess social security or railroad retirement tax withheld (discussed in chapter 37). Filing prior year tax returns Underpayment penalty. Filing prior year tax returns If you did not pay enough tax during the year, either through withholding or by making estimated tax payments, you may have to pay a penalty. Filing prior year tax returns In most cases, the IRS can figure this penalty for you. Filing prior year tax returns See Underpayment Penalty for 2013 at the end of this chapter. Filing prior year tax returns Useful Items - You may want to see: Publication 505 Tax Withholding and Estimated Tax Form (and Instructions) W-4 Employee's Withholding Allowance Certificate W-4P Withholding Certificate for Pension or Annuity Payments W-4S Request for Federal Income Tax Withholding From Sick Pay W-4V Voluntary Withholding Request 1040-ES Estimated Tax for Individuals 2210 Underpayment of Estimated Tax by Individuals, Estates, and Trusts 2210-F Underpayment of Estimated Tax by Farmers and Fishermen Tax Withholding for 2014 This section discusses income tax withholding on: Salaries and wages, Tips, Taxable fringe benefits, Sick pay, Pensions and annuities, Gambling winnings, Unemployment compensation, and Certain federal payments. Filing prior year tax returns This section explains the rules for withholding tax from each of these types of income. Filing prior year tax returns This section also covers backup withholding on interest, dividends, and other payments. Filing prior year tax returns Salaries and Wages Income tax is withheld from the pay of most employees. Filing prior year tax returns Your pay includes your regular pay, bonuses, commissions, and vacation allowances. Filing prior year tax returns It also includes reimbursements and other expense allowances paid under a nonaccountable plan. Filing prior year tax returns See Supplemental Wages , later, for more information about reimbursements and allowances paid under a nonaccountable plan. Filing prior year tax returns If your income is low enough that you will not have to pay income tax for the year, you may be exempt from withholding. Filing prior year tax returns This is explained under Exemption From Withholding , later. Filing prior year tax returns You can ask your employer to withhold income tax from noncash wages and other wages not subject to withholding. Filing prior year tax returns If your employer does not agree to withhold tax, or if not enough is withheld, you may have to pay estimated tax, as discussed later under Estimated Tax for 2014 . Filing prior year tax returns Military retirees. Filing prior year tax returns   Military retirement pay is treated in the same manner as regular pay for income tax withholding purposes, even though it is treated as a pension or annuity for other tax purposes. Filing prior year tax returns Household workers. Filing prior year tax returns   If you are a household worker, you can ask your employer to withhold income tax from your pay. Filing prior year tax returns A household worker is an employee who performs household work in a private home, local college club, or local fraternity or sorority chapter. Filing prior year tax returns   Tax is withheld only if you want it withheld and your employer agrees to withhold it. Filing prior year tax returns If you do not have enough income tax withheld, you may have to pay estimated tax, as discussed later under Estimated Tax for 2014 . Filing prior year tax returns Farmworkers. Filing prior year tax returns   Generally, income tax is withheld from your cash wages for work on a farm unless your employer does both of these: Pays you cash wages of less than $150 during the year, and Has expenditures for agricultural labor totaling less than $2,500 during the year. Filing prior year tax returns Differential wage payments. Filing prior year tax returns    When employees are on leave from employment for military duty, some employers make up the difference between the military pay and civilian pay. Filing prior year tax returns Payments to an employee who is on active duty for a period of more than 30 days will be subject to income tax withholding, but not subject to social security or Medicare taxes. Filing prior year tax returns The wages and withholding will be reported on Form W-2, Wage and Tax Statement. Filing prior year tax returns   The credit employers can claim for differential wages paid to activated military reservists is scheduled to expire for wages paid after December 31, 2013. Filing prior year tax returns Determining Amount of Tax Withheld Using Form W-4 The amount of income tax your employer withholds from your regular pay depends on two things. Filing prior year tax returns The amount you earn in each payroll period. Filing prior year tax returns The information you give your employer on Form W-4. Filing prior year tax returns Form W-4 includes four types of information that your employer will use to figure your withholding. Filing prior year tax returns Whether to withhold at the single rate or at the lower married rate. Filing prior year tax returns How many withholding allowances you claim (each allowance reduces the amount withheld). Filing prior year tax returns Whether you want an additional amount withheld. Filing prior year tax returns Whether you are claiming an exemption from withholding in 2014. Filing prior year tax returns See Exemption From Withholding , later. Filing prior year tax returns Note. Filing prior year tax returns You must specify a filing status and a number of withholding allowances on Form W-4. Filing prior year tax returns You cannot specify only a dollar amount of withholding. Filing prior year tax returns New Job When you start a new job, you must fill out Form W-4 and give it to your employer. Filing prior year tax returns Your employer should have copies of the form. Filing prior year tax returns If you need to change the information later, you must fill out a new form. Filing prior year tax returns If you work only part of the year (for example, you start working after the beginning of the year), too much tax may be withheld. Filing prior year tax returns You may be able to avoid overwithholding if your employer agrees to use the part-year method. Filing prior year tax returns See Part-Year Method in chapter 1 of Publication 505 for more information. Filing prior year tax returns Employee also receiving pension income. Filing prior year tax returns   If you receive pension or annuity income and begin a new job, you will need to file Form W-4 with your new employer. Filing prior year tax returns However, you can choose to split your withholding allowances between your pension and job in any manner. Filing prior year tax returns Changing Your Withholding During the year changes may occur to your marital status, exemptions, adjustments, deductions, or credits you expect to claim on your tax return. Filing prior year tax returns When this happens, you may need to give your employer a new Form W-4 to change your withholding status or your number of allowances. Filing prior year tax returns If the changes reduce the number of allowances you are claiming or changes your marital status from married to single, you must give your employer a new Form W-4 within 10 days. Filing prior year tax returns Generally, you can submit a new Form W-4 whenever you wish to change the number of your withholding allowances for any other reason. Filing prior year tax returns Changing your withholding for 2015. Filing prior year tax returns   If events in 2014 will decrease the number of your withholding allowances for 2015, you must give your employer a new Form W-4 by December 1, 2014. Filing prior year tax returns If the event occurs in December 2014, submit a new Form W-4 within 10 days. Filing prior year tax returns Checking Your Withholding After you have given your employer a Form W-4, you can check to see whether the amount of tax withheld from your pay is too little or too much. Filing prior year tax returns If too much or too little tax is being withheld, you should give your employer a new Form W-4 to change your withholding. Filing prior year tax returns You should try to have your withholding match your actual tax liability. Filing prior year tax returns If not enough tax is withheld, you will owe tax at the end of the year and may have to pay interest and a penalty. Filing prior year tax returns If too much tax is withheld, you will lose the use of that money until you get your refund. Filing prior year tax returns Always check your withholding if there are personal or financial changes in your life or changes in the law that might change your tax liability. Filing prior year tax returns Note. Filing prior year tax returns You cannot give your employer a payment to cover withholding on salaries and wages for past pay periods or a payment for estimated tax. Filing prior year tax returns Completing Form W-4 and Worksheets Form W-4 has worksheets to help you figure how many withholding allowances you can claim. Filing prior year tax returns The worksheets are for your own records. Filing prior year tax returns Do not give them to your employer. Filing prior year tax returns Multiple jobs. Filing prior year tax returns   If you have income from more than one job at the same time, complete only one set of Form W-4 worksheets. Filing prior year tax returns Then split your allowances between the Forms W-4 for each job. Filing prior year tax returns You cannot claim the same allowances with more than one employer at the same time. Filing prior year tax returns You can claim all your allowances with one employer and none with the other(s), or divide them any other way. Filing prior year tax returns Married individuals. Filing prior year tax returns   If both you and your spouse are employed and expect to file a joint return, figure your withholding allowances using your combined income, adjustments, deductions, exemptions, and credits. Filing prior year tax returns Use only one set of worksheets. Filing prior year tax returns You can divide your total allowances any way, but you cannot claim an allowance that your spouse also claims. Filing prior year tax returns   If you and your spouse expect to file separate returns, figure your allowances using separate worksheets based on your own individual income, adjustments, deductions, exemptions, and credits. Filing prior year tax returns Alternative method of figuring withholding allowances. Filing prior year tax returns   You do not have to use the Form W-4 worksheets if you use a more accurate method of figuring the number of withholding allowances. Filing prior year tax returns For more information, see Alternative method of figuring withholding allowances under Completing Form W-4 and Worksheets in Publication 505, chapter 1. Filing prior year tax returns Personal Allowances Worksheet. Filing prior year tax returns   Use the Personal Allowances Worksheet on Form W-4 to figure your withholding allowances based on exemptions and any special allowances that apply. Filing prior year tax returns Deduction and Adjustments Worksheet. Filing prior year tax returns   Use the Deduction and Adjustments Worksheet on Form W-4 if you plan to itemize your deductions, claim certain credits, or claim adjustments to the income on your 2014 tax return and you want to reduce your withholding. Filing prior year tax returns Also, complete this worksheet when you have changes to these items to see if you need to change your withholding. Filing prior year tax returns Two-Earners/Multiple Jobs Worksheet. Filing prior year tax returns   You may need to complete the Two-Earners/Multiple Jobs Worksheet on Form W-4 if you have more than one job, a working spouse, or are also receiving a pension. Filing prior year tax returns Also, on this worksheet you can add any additional withholding necessary to cover any amount you expect to owe other than income tax, such as self-employment tax. Filing prior year tax returns Getting the Right Amount of Tax Withheld In most situations, the tax withheld from your pay will be close to the tax you figure on your return if you follow these two rules. Filing prior year tax returns You accurately complete all the Form W-4 worksheets that apply to you. Filing prior year tax returns You give your employer a new Form W-4 when changes occur. Filing prior year tax returns But because the worksheets and withholding methods do not account for all possible situations, you may not be getting the right amount withheld. Filing prior year tax returns This is most likely to happen in the following situations. Filing prior year tax returns You are married and both you and your spouse work. Filing prior year tax returns You have more than one job at a time. Filing prior year tax returns You have nonwage income, such as interest, dividends, alimony, unemployment compensation, or self-employment income. Filing prior year tax returns You will owe additional amounts with your return, such as self-employment tax. Filing prior year tax returns Your withholding is based on obsolete Form W-4 information for a substantial part of the year. Filing prior year tax returns Your earnings are more than the amount shown under Check your withholding in the instructions at the top of page 1 of Form W-4. Filing prior year tax returns You work only part of the year. Filing prior year tax returns You change the number of your withholding allowances during the year. Filing prior year tax returns Cumulative wage method. Filing prior year tax returns   If you change the number of your withholding allowances during the year, too much or too little tax may have been withheld for the period before you made the change. Filing prior year tax returns You may be able to compensate for this if your employer agrees to use the cumulative wage withholding method for the rest of the year. Filing prior year tax returns You must ask your employer in writing to use this method. Filing prior year tax returns   To be eligible, you must have been paid for the same kind of payroll period (weekly, biweekly, etc. Filing prior year tax returns ) since the beginning of the year. Filing prior year tax returns Publication 505 To make sure you are getting the right amount of tax withheld, get Publication 505. Filing prior year tax returns It will help you compare the total tax to be withheld during the year with the tax you can expect to figure on your return. Filing prior year tax returns It also will help you determine how much, if any, additional withholding is needed each payday to avoid owing tax when you file your return. Filing prior year tax returns If you do not have enough tax withheld, you may have to pay estimated tax, as explained under Estimated Tax for 2014 , later. Filing prior year tax returns You can use the IRS Withholding Calculator at www. Filing prior year tax returns irs. Filing prior year tax returns gov/Individuals, instead of Publication 505 or the worksheets included with Form W-4, to determine whether you need to have your withholding increased or decreased. Filing prior year tax returns Rules Your Employer Must Follow It may be helpful for you to know some of the withholding rules your employer must follow. Filing prior year tax returns These rules can affect how to fill out your Form W-4 and how to handle problems that may arise. Filing prior year tax returns New Form W-4. Filing prior year tax returns   When you start a new job, your employer should have you complete a Form W-4. Filing prior year tax returns Beginning with your first payday, your employer will use the information you give on the form to figure your withholding. Filing prior year tax returns   If you later fill out a new Form W-4, your employer can put it into effect as soon as possible. Filing prior year tax returns The deadline for putting it into effect is the start of the first payroll period ending 30 or more days after you turn it in. Filing prior year tax returns No Form W-4. Filing prior year tax returns   If you do not give your employer a completed Form W-4, your employer must withhold at the highest rate, as if you were single and claimed no withholding allowances. Filing prior year tax returns Repaying withheld tax. Filing prior year tax returns   If you find you are having too much tax withheld because you did not claim all the withholding allowances you are entitled to, you should give your employer a new Form W-4. Filing prior year tax returns Your employer cannot repay any of the tax previously withheld. Filing prior year tax returns Instead, claim the full amount withheld when you file your tax return. Filing prior year tax returns   However, if your employer has withheld more than the correct amount of tax for the Form W-4 you have in effect, you do not have to fill out a new Form W-4 to have your withholding lowered to the correct amount. Filing prior year tax returns Your employer can repay the amount that was withheld incorrectly. Filing prior year tax returns If you are not repaid, your Form W-2 will reflect the full amount actually withheld, which you would claim when you file your tax return. Filing prior year tax returns Exemption From Withholding If you claim exemption from withholding, your employer will not withhold federal income tax from your wages. Filing prior year tax returns The exemption applies only to income tax, not to social security or Medicare tax. Filing prior year tax returns You can claim exemption from withholding for 2014 only if both of the following situations apply. Filing prior year tax returns For 2013 you had a right to a refund of all federal income tax withheld because you had no tax liability. Filing prior year tax returns For 2014 you expect a refund of all federal income tax withheld because you expect to have no tax liability. Filing prior year tax returns Students. Filing prior year tax returns   If you are a student, you are not automatically exempt. Filing prior year tax returns See chapter 1 to find out if you must file a return. Filing prior year tax returns If you work only part time or only during the summer, you may qualify for exemption from withholding. Filing prior year tax returns Age 65 or older or blind. Filing prior year tax returns   If you are 65 or older or blind, use Worksheet 1-3 or 1-4 in chapter 1 of Publication 505, to help you decide if you qualify for exemption from withholding. Filing prior year tax returns Do not use either worksheet if you will itemize deductions, claim exemptions for dependents, or claim tax credits on your 2014 return. Filing prior year tax returns Instead, see Itemizing deductions or claiming exemptions or credits in chapter 1 of Publication 505. Filing prior year tax returns Claiming exemption from withholding. Filing prior year tax returns   To claim exemption, you must give your employer a Form W-4. Filing prior year tax returns Do not complete lines 5 and 6. Filing prior year tax returns Enter “Exempt” on line 7. Filing prior year tax returns   If you claim exemption, but later your situation changes so that you will have to pay income tax after all, you must file a new Form W-4 within 10 days after the change. Filing prior year tax returns If you claim exemption in 2014, but you expect to owe income tax for 2015, you must file a new Form W-4 by December 1, 2014. Filing prior year tax returns   Your claim of exempt status may be reviewed by the IRS. Filing prior year tax returns An exemption is good for only 1 year. Filing prior year tax returns   You must give your employer a new Form W-4 by February 15 each year to continue your exemption. Filing prior year tax returns Supplemental Wages Supplemental wages include bonuses, commissions, overtime pay, vacation allowances, certain sick pay, and expense allowances under certain plans. Filing prior year tax returns The payer can figure withholding on supplemental wages using the same method used for your regular wages. Filing prior year tax returns However, if these payments are identified separately from your regular wages, your employer or other payer of supplemental wages can withhold income tax from these wages at a flat rate. Filing prior year tax returns Expense allowances. Filing prior year tax returns   Reimbursements or other expense allowances paid by your employer under a nonaccountable plan are treated as supplemental wages. Filing prior year tax returns   Reimbursements or other expense allowances paid under an accountable plan that are more than your proven expenses are treated as paid under a nonaccountable plan if you do not return the excess payments within a reasonable period of time. Filing prior year tax returns   For more information about accountable and nonaccountable expense allowance plans, see Reimbursements in chapter 26. Filing prior year tax returns Penalties You may have to pay a penalty of $500 if both of the following apply. Filing prior year tax returns You make statements or claim withholding allowances on your Form W-4 that reduce the amount of tax withheld. Filing prior year tax returns You have no reasonable basis for those statements or allowances at the time you prepare your Form W-4. Filing prior year tax returns There is also a criminal penalty for willfully supplying false or fraudulent information on your Form W-4 or for willfully failing to supply information that would increase the amount withheld. Filing prior year tax returns The penalty upon conviction can be either a fine of up to $1,000 or imprisonment for up to 1 year, or both. Filing prior year tax returns These penalties will apply if you deliberately and knowingly falsify your Form W-4 in an attempt to reduce or eliminate the proper withholding of taxes. Filing prior year tax returns A simple error or an honest mistake will not result in one of these penalties. Filing prior year tax returns For example, a person who has tried to figure the number of withholding allowances correctly, but claims seven when the proper number is six, will not be charged a W-4 penalty. Filing prior year tax returns Tips The tips you receive while working on your job are considered part of your pay. Filing prior year tax returns You must include your tips on your tax return on the same line as your regular pay. Filing prior year tax returns However, tax is not withheld directly from tip income, as it is from your regular pay. Filing prior year tax returns Nevertheless, your employer will take into account the tips you report when figuring how much to withhold from your regular pay. Filing prior year tax returns See chapter 6 for information on reporting your tips to your employer. Filing prior year tax returns For more information on the withholding rules for tip income, see Publication 531, Reporting Tip Income. Filing prior year tax returns How employer figures amount to withhold. Filing prior year tax returns   The tips you report to your employer are counted as part of your income for the month you report them. Filing prior year tax returns Your employer can figure your withholding in either of two ways. Filing prior year tax returns By withholding at the regular rate on the sum of your pay plus your reported tips. Filing prior year tax returns By withholding at the regular rate on your pay plus a percentage of your reported tips. Filing prior year tax returns Not enough pay to cover taxes. Filing prior year tax returns   If your regular pay is not enough for your employer to withhold all the tax (including income tax and social security and Medicare taxes (or the equivalent railroad retirement tax)) due on your pay plus your tips, you can give your employer money to cover the shortage. Filing prior year tax returns See Giving your employer money for taxes in chapter 6. Filing prior year tax returns Allocated tips. Filing prior year tax returns   Your employer should not withhold income tax, Medicare tax, social security tax, or railroad retirement tax on any allocated tips. Filing prior year tax returns Withholding is based only on your pay plus your reported tips. Filing prior year tax returns Your employer should refund to you any incorrectly withheld tax. Filing prior year tax returns See Allocated Tips in chapter 6 for more information. Filing prior year tax returns Taxable Fringe Benefits The value of certain noncash fringe benefits you receive from your employer is considered part of your pay. Filing prior year tax returns Your employer generally must withhold income tax on these benefits from your regular pay. Filing prior year tax returns For information on fringe benefits, see Fringe Benefits under Employee Compensation in chapter 5. Filing prior year tax returns Although the value of your personal use of an employer-provided car, truck, or other highway motor vehicle is taxable, your employer can choose not to withhold income tax on that amount. Filing prior year tax returns Your employer must notify you if this choice is made. Filing prior year tax returns For more information on withholding on taxable fringe benefits, see chapter 1 of Publication 505. Filing prior year tax returns Sick Pay Sick pay is a payment to you to replace your regular wages while you are temporarily absent from work due to sickness or personal injury. Filing prior year tax returns To qualify as sick pay, it must be paid under a plan to which your employer is a party. Filing prior year tax returns If you receive sick pay from your employer or an agent of your employer, income tax must be withheld. Filing prior year tax returns An agent who does not pay regular wages to you may choose to withhold income tax at a flat rate. Filing prior year tax returns However, if you receive sick pay from a third party who is not acting as an agent of your employer, income tax will be withheld only if you choose to have it withheld. Filing prior year tax returns See Form W-4S , later. Filing prior year tax returns If you receive payments under a plan in which your employer does not participate (such as an accident or health plan where you paid all the premiums), the payments are not sick pay and usually are not taxable. Filing prior year tax returns Union agreements. Filing prior year tax returns   If you receive sick pay under a collective bargaining agreement between your union and your employer, the agreement may determine the amount of income tax withholding. Filing prior year tax returns See your union representative or your employer for more information. Filing prior year tax returns Form W-4S. Filing prior year tax returns   If you choose to have income tax withheld from sick pay paid by a third party, such as an insurance company, you must fill out Form W-4S. Filing prior year tax returns Its instructions contain a worksheet you can use to figure the amount you want withheld. Filing prior year tax returns They also explain restrictions that may apply. Filing prior year tax returns   Give the completed form to the payer of your sick pay. Filing prior year tax returns The payer must withhold according to your directions on the form. Filing prior year tax returns Estimated tax. Filing prior year tax returns   If you do not request withholding on Form W-4S, or if you do not have enough tax withheld, you may have to make estimated tax payments. Filing prior year tax returns If you do not pay enough tax, either through estimated tax or withholding, or a combination of both, you may have to pay a penalty. Filing prior year tax returns See Underpayment Penalty for 2013 at the end of this chapter. Filing prior year tax returns Pensions and Annuities Income tax usually will be withheld from your pension or annuity distributions unless you choose not to have it withheld. Filing prior year tax returns This rule applies to distributions from: A traditional individual retirement arrangement (IRA); A life insurance company under an endowment, annuity, or life insurance contract; A pension, annuity, or profit-sharing plan; A stock bonus plan; and Any other plan that defers the time you receive compensation. Filing prior year tax returns The amount withheld depends on whether you receive payments spread out over more than 1 year (periodic payments), within 1 year (nonperiodic payments), or as an eligible rollover distribution (ERD). Filing prior year tax returns Income tax withholding from an ERD is mandatory. Filing prior year tax returns More information. Filing prior year tax returns   For more information on taxation of annuities and distributions (including ERDs) from qualified retirement plans, see chapter 10. Filing prior year tax returns For information on IRAs, see chapter 17. Filing prior year tax returns For more information on withholding on pensions and annuities, including a discussion of Form W-4P, see Pensions and Annuities in chapter 1 of Publication 505. Filing prior year tax returns Gambling Winnings Income tax is withheld at a flat 25% rate from certain kinds of gambling winnings. Filing prior year tax returns Gambling winnings of more than $5,000 from the following sources are subject to income tax withholding. Filing prior year tax returns Any sweepstakes; wagering pool, including payments made to winners of poker tournaments; or lottery. Filing prior year tax returns Any other wager, if the proceeds are at least 300 times the amount of the bet. Filing prior year tax returns It does not matter whether your winnings are paid in cash, in property, or as an annuity. Filing prior year tax returns Winnings not paid in cash are taken into account at their fair market value. Filing prior year tax returns Exception. Filing prior year tax returns   Gambling winnings from bingo, keno, and slot machines generally are not subject to income tax withholding. Filing prior year tax returns However, you may need to provide the payer with a social security number to avoid withholding. Filing prior year tax returns See Backup withholding on gambling winnings in chapter 1 of Publication 505. Filing prior year tax returns If you receive gambling winnings not subject to withholding, you may need to pay estimated tax. Filing prior year tax returns See Estimated Tax for 2014 , later. Filing prior year tax returns If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Filing prior year tax returns See Underpayment Penalty for 2013 at the end of this chapter. Filing prior year tax returns Form W-2G. Filing prior year tax returns   If a payer withholds income tax from your gambling winnings, you should receive a Form W-2G, Certain Gambling Winnings, showing the amount you won and the amount withheld. Filing prior year tax returns Report the tax withheld on line 62 of Form 1040. Filing prior year tax returns Unemployment Compensation You can choose to have income tax withheld from unemployment compensation. Filing prior year tax returns To make this choice, fill out Form W-4V (or a similar form provided by the payer) and give it to the payer. Filing prior year tax returns All unemployment compensation is taxable. Filing prior year tax returns So, if you do not have income tax withheld, you may have to pay estimated tax. Filing prior year tax returns See Estimated Tax for 2014 , later. Filing prior year tax returns If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Filing prior year tax returns For information, see Underpayment Penalty for 2013 at the end of this chapter. Filing prior year tax returns Federal Payments You can choose to have income tax withheld from certain federal payments you receive. Filing prior year tax returns These payments are: Social security benefits, Tier 1 railroad retirement benefits, Commodity credit corporation loans you choose to include in your gross income, Payments under the Agricultural Act of 1949 (7 U. Filing prior year tax returns S. Filing prior year tax returns C. Filing prior year tax returns 1421 et. Filing prior year tax returns seq. Filing prior year tax returns ), as amended, or title II of the Disaster Assistance Act of 1988, that are treated as insurance proceeds and that you receive because: Your crops were destroyed or damaged by drought, flood, or any other natural disaster, or You were unable to plant crops because of a natural disaster described in (a), and Any other payment under Federal law as determined by the Secretary. Filing prior year tax returns To make this choice, fill out Form W-4V (or a similar form provided by the payer) and give it to the payer. Filing prior year tax returns If you do not choose to have income tax withheld, you may have to pay estimated tax. Filing prior year tax returns See Estimated Tax for 2014 , later. Filing prior year tax returns If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Filing prior year tax returns For information, see Underpayment Penalty for 2013 at the end of this chapter. Filing prior year tax returns More information. Filing prior year tax returns   For more information about the tax treatment of social security and railroad retirement benefits, see chapter 11. Filing prior year tax returns Get Publication 225, Farmer's Tax Guide, for information about the tax treatment of commodity credit corporation loans or crop disaster payments. Filing prior year tax returns Backup Withholding Banks or other businesses that pay you certain kinds of income must file an information return (Form 1099) with the IRS. Filing prior year tax returns The information return shows how much you were paid during the year. Filing prior year tax returns It also includes your name and taxpayer identification number (TIN). Filing prior year tax returns TINs are explained in chapter 1 under Social Security Number (SSN) . Filing prior year tax returns These payments generally are not subject to withholding. Filing prior year tax returns However, “backup” withholding is required in certain situations. Filing prior year tax returns Backup withholding can apply to most kinds of payments that are reported on Form 1099. Filing prior year tax returns The payer must withhold at a flat 28% rate in the following situations. Filing prior year tax returns You do not give the payer your TIN in the required manner. Filing prior year tax returns The IRS notifies the payer that the TIN you gave is incorrect. Filing prior year tax returns You are required, but fail, to certify that you are not subject to backup withholding. Filing prior year tax returns The IRS notifies the payer to start withholding on interest or dividends because you have underreported interest or dividends on your income tax return. Filing prior year tax returns The IRS will do this only after it has mailed you four notices over at least a 210-day period. Filing prior year tax returns See Backup Withholding in chapter 1 of Publication 505 for more information. Filing prior year tax returns Penalties. Filing prior year tax returns   There are civil and criminal penalties for giving false information to avoid backup withholding. Filing prior year tax returns The civil penalty is $500. Filing prior year tax returns The criminal penalty, upon conviction, is a fine of up to $1,000 or imprisonment of up to 1 year, or both. Filing prior year tax returns Estimated Tax for 2014 Estimated tax is the method used to pay tax on income that is not subject to withholding. Filing prior year tax returns This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes, and awards. Filing prior year tax returns You also may have to pay estimated tax if the amount of income tax being withheld from your salary, pension, or other income is not enough. Filing prior year tax returns Estimated tax is used to pay both income tax and self-employment tax, as well as other taxes and amounts reported on your tax return. Filing prior year tax returns If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Filing prior year tax returns If you do not pay enough by the due date of each payment period (see When To Pay Estimated Tax , later), you may be charged a penalty even if you are due a refund when you file your tax return. Filing prior year tax returns For information on when the penalty applies, see Underpayment Penalty for 2013 at the end of this chapter. Filing prior year tax returns Who Does Not Have To Pay Estimated Tax If you receive salaries or wages, you can avoid having to pay estimated tax by asking your employer to take more tax out of your earnings. Filing prior year tax returns To do this, give a new Form W-4 to your employer. Filing prior year tax returns See chapter 1 of Publication 505. Filing prior year tax returns Estimated tax not required. Filing prior year tax returns   You do not have to pay estimated tax for 2014 if you meet all three of the following conditions. Filing prior year tax returns You had no tax liability for 2013. Filing prior year tax returns You were a U. Filing prior year tax returns S. Filing prior year tax returns citizen or resident alien for the whole year. Filing prior year tax returns Your 2013 tax year covered a 12-month period. Filing prior year tax returns   You had no tax liability for 2013 if your total tax was zero or you did not have to file an income tax return. Filing prior year tax returns For the definition of “total tax” for 2013, see Publication 505, chapter 2. Filing prior year tax returns Who Must Pay Estimated Tax If you owe additional tax for 2013, you may have to pay estimated tax for 2014. Filing prior year tax returns You can use the following general rule as a guide during the year to see if you will have enough withholding, or if you should increase your withholding or make estimated tax payments. Filing prior year tax returns General rule. Filing prior year tax returns   In most cases, you must pay estimated tax for 2014 if both of the following apply. Filing prior year tax returns You expect to owe at least $1,000 in tax for 2014, after subtracting your withholding and refundable credits. Filing prior year tax returns You expect your withholding plus your refundable credits to be less than the smaller of: 90% of the tax to be shown on your 2014 tax return, or 100% of the tax shown on your 2013 tax return (but see Special rules for farmers, fishermen, and higher income taxpayers, later). Filing prior year tax returns Your 2013 tax return must cover all 12 months. Filing prior year tax returns    If the result from using the general rule above suggests that you will not have enough withholding, complete the 2014 Estimated Tax Worksheet in Publication 505 for a more accurate calculation. Filing prior year tax returns Special rules for farmers, fishermen, and higher income taxpayers. Filing prior year tax returns   If at least two-thirds of your gross income for tax year 2013 or 2014 is from farming or fishing, substitute 662/3% for 90% in (2a) under the General rule, earlier. Filing prior year tax returns If your AGI for 2013 was more than $150,000 ($75,000 if your filing status for 2014 is married filing a separate return), substitute 110% for 100% in (2b) under General rule , earlier. Filing prior year tax returns See Figure 4-A and Publication 505, chapter 2 for more information. Filing prior year tax returns Figure 4-A. Filing prior year tax returns Do You Have To Pay Estimated Tax? Please click here for the text description of the image. Filing prior year tax returns Figure 4-A Do You Have To Pay Estimated Tax? Aliens. Filing prior year tax returns   Resident and nonresident aliens also may have to pay estimated tax. Filing prior year tax returns Resident aliens should follow the rules in this chapter unless noted otherwise. Filing prior year tax returns Nonresident aliens should get Form 1040-ES (NR), U. Filing prior year tax returns S. Filing prior year tax returns Estimated Tax for Nonresident Alien Individuals. Filing prior year tax returns   You are an alien if you are not a citizen or national of the United States. Filing prior year tax returns You are a resident alien if you either have a green card or meet the substantial presence test. Filing prior year tax returns For more information about the substantial presence test, see Publication 519, U. Filing prior year tax returns S. Filing prior year tax returns Tax Guide for Aliens. Filing prior year tax returns Married taxpayers. Filing prior year tax returns   If you qualify to make joint estimated tax payments, apply the rules discussed here to your joint estimated income. Filing prior year tax returns   You and your spouse can make joint estimated tax payments even if you are not living together. Filing prior year tax returns   However, you and your spouse cannot make joint estimated tax payments if:  You are legally separated under a decree of divorce or separate maintenance, You and your spouse have different tax years, or Either spouse is a nonresident alien (unless that spouse elected to be treated as a resident alien for tax purposes (see chapter 1 of Publication 519)). Filing prior year tax returns   If you do not qualify to make joint estimated tax payments, apply these rules to your separate estimated income. Filing prior year tax returns Making joint or separate estimated tax payments will not affect your choice of filing a joint tax return or separate returns for 2014. Filing prior year tax returns 2013 separate returns and 2014 joint return. Filing prior year tax returns   If you plan to file a joint return with your spouse for 2014, but you filed separate returns for 2013, your 2013 tax is the total of the tax shown on your separate returns. Filing prior year tax returns You filed a separate return if you filed as single, head of household, or married filing separately. Filing prior year tax returns 2013 joint return and 2014 separate returns. Filing prior year tax returns   If you plan to file a separate return for 2014 but you filed a joint return for 2013, your 2013 tax is your share of the tax on the joint return. Filing prior year tax returns You file a separate return if you file as single, head of household, or married filing separately. Filing prior year tax returns   To figure your share of the tax on the joint return, first figure the tax both you and your spouse would have paid had you filed separate returns for 2013 using the same filing status as for 2014. Filing prior year tax returns Then multiply the tax on the joint return by the following fraction. Filing prior year tax returns     The tax you would have paid had you filed a separate return   The total tax you and your spouse would have paid had you filed separate returns Example. Filing prior year tax returns Joe and Heather filed a joint return for 2013 showing taxable income of $48,500 and a tax of $6,386. Filing prior year tax returns Of the $48,500 taxable income, $40,100 was Joe's and the rest was Heather's. Filing prior year tax returns For 2014, they plan to file married filing separately. Filing prior year tax returns Joe figures his share of the tax on the 2013 joint return as follows. Filing prior year tax returns   Tax on $40,100 based on a separate return $5,960     Tax on $8,400 based on a separate return 843     Total $6,803     Joe's percentage of total ($5,960 ÷ $6,803) 87. Filing prior year tax returns 6%     Joe's share of tax on joint return  ($6,386 × 87. Filing prior year tax returns 6%) $5,594   How To Figure Estimated Tax To figure your estimated tax, you must figure your expected adjusted gross income (AGI), taxable income, taxes, deductions, and credits for the year. Filing prior year tax returns When figuring your 2014 estimated tax, it may be helpful to use your income, deductions, and credits for 2013 as a starting point. Filing prior year tax returns Use your 2013 federal tax return as a guide. Filing prior year tax returns You can use Form 1040-ES and Publication 505 to figure your estimated tax. Filing prior year tax returns Nonresident aliens use Form 1040-ES (NR) and Publication 505 to figure estimated tax (see chapter 8 of Publication 519 for more information). Filing prior year tax returns You must make adjustments both for changes in your own situation and for recent changes in the tax law. Filing prior year tax returns For a discussion of these changes, visit IRS. Filing prior year tax returns gov. Filing prior year tax returns For more complete information on how to figure your estimated tax for 2014, see chapter 2 of Publication 505. Filing prior year tax returns When To Pay Estimated Tax For estimated tax purposes, the tax year is divided into four payment periods. Filing prior year tax returns Each period has a specific payment due date. Filing prior year tax returns If you do not pay enough tax by the due date of each payment period, you may be charged a penalty even if you are due a refund when you file your income tax return. Filing prior year tax returns The payment periods and due dates for estimated tax payments are shown next. Filing prior year tax returns   For the period: Due date:*     Jan. Filing prior year tax returns 1 – March 31 April 15     April 1 – May 31 June 16     June 1 – August 31 Sept. Filing prior year tax returns 15     Sept. Filing prior year tax returns 1– Dec. Filing prior year tax returns 31 Jan. Filing prior year tax returns 15, next year     *See Saturday, Sunday, holiday rule and January payment . Filing prior year tax returns Saturday, Sunday, holiday rule. Filing prior year tax returns   If the due date for an estimated tax payment falls on a Saturday, Sunday, or legal holiday, the payment will be on time if you make it on the next day that is not a Saturday, Sunday, or legal holiday. Filing prior year tax returns January payment. Filing prior year tax returns   If you file your 2014 Form 1040 or Form 1040A by January 31, 2015, and pay the rest of the tax you owe, you do not need to make the payment due on January 15, 2015. Filing prior year tax returns Fiscal year taxpayers. Filing prior year tax returns   If your tax year does not start on January 1, see the Form 1040-ES instructions for your payment due dates. Filing prior year tax returns When To Start You do not have to make estimated tax payments until you have income on which you will owe income tax. Filing prior year tax returns If you have income subject to estimated tax during the first payment period, you must make your first payment by the due date for the first payment period. Filing prior year tax returns You can pay all your estimated tax at that time, or you can pay it in installments. Filing prior year tax returns If you choose to pay in installments, make your first payment by the due date for the first payment period. Filing prior year tax returns Make your remaining installment payments by the due dates for the later periods. Filing prior year tax returns No income subject to estimated tax during first period. Filing prior year tax returns    If you do not have income subject to estimated tax until a later payment period, you must make your first payment by the due date for that period. Filing prior year tax returns You can pay your entire estimated tax by the due date for that period or you can pay it in installments by the due date for that period and the due dates for the remaining periods. Filing prior year tax returns The following chart shows when to make installment payments. Filing prior year tax returns If you first have income on which you must pay estimated tax: Make a payment  by:* Make later installments by:* Before April 1 April 15 June 16 Sept. Filing prior year tax returns 15 Jan. Filing prior year tax returns 15 next year April 1–May 31 June 16 Sept. Filing prior year tax returns 15 Jan. Filing prior year tax returns 15 next year June 1–Aug. Filing prior year tax returns 31 Sept. Filing prior year tax returns 15 Jan. Filing prior year tax returns 15 next year After Aug. Filing prior year tax returns 31 Jan. Filing prior year tax returns 15 next year (None) *See Saturday, Sunday, holiday rule and January payment . Filing prior year tax returns How much to pay to avoid a penalty. Filing prior year tax returns   To determine how much you should pay by each payment due date, see How To Figure Each Payment, next. Filing prior year tax returns How To Figure Each Payment You should pay enough estimated tax by the due date of each payment period to avoid a penalty for that period. Filing prior year tax returns You can figure your required payment for each period by using either the regular installment method or the annualized income installment method. Filing prior year tax returns These methods are described in chapter 2 of Publication 505. Filing prior year tax returns If you do not pay enough during each payment period, you may be charged a penalty even if you are due a refund when you file your tax return. Filing prior year tax returns If the earlier discussion of No income subject to estimated tax during first period or the later discussion of Change in estimated tax applies to you, you may benefit from reading Annualized Income Installment Method in chapter 2 of Publication 505 for information on how to avoid a penalty. Filing prior year tax returns Underpayment penalty. Filing prior year tax returns   Under the regular installment method, if your estimated tax payment for any period is less than one-fourth of your estimated tax, you may be charged a penalty for underpayment of estimated tax for that period when you file your tax return. Filing prior year tax returns Under the annualized income installment method, your estimated tax payments vary with your income, but the amount required must be paid each period. Filing prior year tax returns See chapter 4 of Publication 505 for more information. Filing prior year tax returns Change in estimated tax. Filing prior year tax returns   After you make an estimated tax payment, changes in your income, adjustments, deductions, credits, or exemptions may make it necessary for you to refigure your estimated tax. Filing prior year tax returns Pay the unpaid balance of your amended estimated tax by the next payment due date after the change or in installments by that date and the due dates for the remaining payment periods. Filing prior year tax returns Estimated Tax Payments Not Required You do not have to pay estimated tax if your withholding in each payment period is at least as much as: One-fourth of your required annual payment, or Your required annualized income installment for that period. Filing prior year tax returns You also do not have to pay estimated tax if you will pay enough through withholding to keep the amount you owe with your return under $1,000. Filing prior year tax returns How To Pay Estimated Tax There are several ways to pay estimated tax. Filing prior year tax returns Credit an overpayment on your 2013 return to your 2014 estimated tax. Filing prior year tax returns Pay by direct transfer from your bank account, or pay by credit or debit card using a pay-by-phone system or the Internet. Filing prior year tax returns Send in your payment (check or money order) with a payment voucher from Form 1040-ES. Filing prior year tax returns Credit an Overpayment If you show an overpayment of tax after completing your Form 1040 or Form 1040A for 2013, you can apply part or all of it to your estimated tax for 2014. Filing prior year tax returns On line 75 of Form 1040, or line 44 of Form 1040A, enter the amount you want credited to your estimated tax rather than refunded. Filing prior year tax returns Take the amount you have credited into account when figuring your estimated tax payments. Filing prior year tax returns You cannot have any of the amount you credited to your estimated tax refunded to you until you file your tax return for the following year. Filing prior year tax returns You also cannot use that overpayment in any other way. Filing prior year tax returns Pay Online Paying online is convenient and secure and helps make sure we get your payments on time. Filing prior year tax returns You can pay using either of the following electronic payment methods. Filing prior year tax returns Direct transfer from your bank account. Filing prior year tax returns Credit or debit card. Filing prior year tax returns To pay your taxes online or for more information, go to www. Filing prior year tax returns irs. Filing prior year tax returns gov/e-pay. Filing prior year tax returns Pay by Phone Paying by phone is another safe and secure method of paying electronically. Filing prior year tax returns Use one of the following methods. Filing prior year tax returns Direct transfer from your bank account. Filing prior year tax returns Credit or debit card. Filing prior year tax returns To pay by direct transfer from your bank account, call 1-800-555-4477 (English), 1-800-244-4829 (Espanol). Filing prior year tax returns People who are deaf, hard of hearing, or have a speech disability and who have access to TTY/TDD can call 1-800-733-4829. Filing prior year tax returns To pay using a credit or debit card, you can call one of the following service providers. Filing prior year tax returns There is a convenience fee charged by these providers that varies by provider, card type, and payment amount. Filing prior year tax returns WorldPay 1-888-9-PAY-TAXTM(1-888-972-9829) www. Filing prior year tax returns payUSAtax. Filing prior year tax returns com Official Payments Corporation 1-888-UPAY-TAXTM (1-888-872-9829) www. Filing prior year tax returns officialpayments. Filing prior year tax returns com Link2Gov Corporation 1-888-PAY-1040TM (1-888-729-1040) www. Filing prior year tax returns PAY1040. Filing prior year tax returns com For the latest details on how to pay by phone, go to www. Filing prior year tax returns irs. Filing prior year tax returns gov/e-pay. Filing prior year tax returns Pay by Check or Money Order Using the Estimated Tax Payment Voucher Each payment of estimated tax by check or money order must be accompanied by a payment voucher from Form 1040-ES. Filing prior year tax returns During 2013, if you: made at least one estimated tax payment but not by electronic means, did not use software or a paid preparer to prepare or file your return,  then you should receive a copy of the 2014 Form 1040-ES/V. Filing prior year tax returns The enclosed payment vouchers will be preprinted with your name, address, and social security number. Filing prior year tax returns Using the preprinted vouchers will speed processing, reduce the chance of error, and help save processing costs. Filing prior year tax returns Use the window envelopes that came with your Form 1040-ES package. Filing prior year tax returns If you use your own envelopes, make sure you mail your payment vouchers to the address shown in the Form 1040-ES instructions for the place where you live. Filing prior year tax returns Note. Filing prior year tax returns These criteria can change without notice. Filing prior year tax returns If you do not receive a Form 1040-ES/V package and you are required to make an estimated tax payment, you should go to www. Filing prior year tax returns irs. Filing prior year tax returns gov and print a copy of Form 1040-ES which includes four blank payment vouchers. Filing prior year tax returns Complete one of these and make your payment timely to avoid penalties for paying late. Filing prior year tax returns Do not use the address shown in the Form 1040 or Form 1040A instructions for your estimated tax payments. Filing prior year tax returns If you did not pay estimated tax last year, you can order Form 1040-ES from the IRS (see inside back cover of this publication) or download it from IRS. Filing prior year tax returns gov. Filing prior year tax returns Follow the instructions to make sure you use the vouchers correctly. Filing prior year tax returns Joint estimated tax payments. Filing prior year tax returns   If you file a joint return and are making joint estimated tax payments, enter the names and social security numbers on the payment voucher in the same order as they will appear on the joint return. Filing prior year tax returns Change of address. Filing prior year tax returns   You must notify the IRS if you are making estimated tax payments and you changed your address during the year. Filing prior year tax returns Complete Form 8822, Change of Address, and mail it to the address shown in the instructions for that form. Filing prior year tax returns Credit for Withholding and Estimated Tax for 2013 When you file your 2013 income tax return, take credit for all the income tax and excess social security or railroad retirement tax withheld from your salary, wages, pensions, etc. Filing prior year tax returns Also take credit for the estimated tax you paid for 2013. Filing prior year tax returns These credits are subtracted from your total tax. Filing prior year tax returns Because these credits are refundable, you should file a return and claim these credits, even if you do not owe tax. Filing prior year tax returns Two or more employers. Filing prior year tax returns   If you had two or more employers in 2013 and were paid wages of more than $113,700, too much social security or tier 1 railroad retirement tax may have been withheld from your pay. Filing prior year tax returns You may be able to claim the excess as a credit against your income tax when you file your return. Filing prior year tax returns See Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld in chapter 37. Filing prior year tax returns Withholding If you had income tax withheld during 2013, you should be sent a statement by January 31, 2014, showing your income and the tax withheld. Filing prior year tax returns Depending on the source of your income, you should receive: Form W-2, Wage and Tax Statement, Form W-2G, Certain Gambling Winnings, or A form in the 1099 series. Filing prior year tax returns Forms W-2 and W-2G. Filing prior year tax returns   If you file a paper return, always file Form W-2 with your income tax return. Filing prior year tax returns File Form W-2G with your return only if it shows any federal income tax withheld from your winnings. Filing prior year tax returns   You should get at least two copies of each form. Filing prior year tax returns If you file a paper return, attach one copy to the front of your federal income tax return. Filing prior year tax returns Keep one copy for your records. Filing prior year tax returns You also should receive copies to file with your state and local returns. Filing prior year tax returns Form W-2 Your employer is required to provide or send Form W-2 to you no later than January 31, 2014. Filing prior year tax returns You should receive a separate Form W-2 from each employer you worked for. Filing prior year tax returns If you stopped working before the end of 2013, your employer could have given you your Form W-2 at any time after you stopped working. Filing prior year tax returns However, your employer must provide or send it to you by January 31, 2014. Filing prior year tax returns If you ask for the form, your employer must send it to you within 30 days after receiving your written request or within 30 days after your final wage payment, whichever is later. Filing prior year tax returns If you have not received your Form W-2 by January 31, you should ask your employer for it. Filing prior year tax returns If you do not receive it by February 15, call the IRS. Filing prior year tax returns Form W-2 shows your total pay and other compensation and the income tax, social security tax, and Medicare tax that was withheld during the year. Filing prior year tax returns Include the federal income tax withheld (as shown in box 2 of Form W-2) on: Line 62 if you file Form 1040, Line 36 if you file Form 1040A, or Line 7 if you file Form 1040EZ. Filing prior year tax returns In addition, Form W-2 is used to report any taxable sick pay you received and any income tax withheld from your sick pay. Filing prior year tax returns Form W-2G If you had gambling winnings in 2013, the payer may have withheld income tax. Filing prior year tax returns If tax was withheld, the payer will give you a Form W-2G showing the amount you won and the amount of tax withheld. Filing prior year tax returns Report the amounts you won on line 21 of Form 1040. Filing prior year tax returns Take credit for the tax withheld on line 62 of Form 1040. Filing prior year tax returns If you had gambling winnings, you must use Form 1040; you cannot use Form 1040A or Form 1040EZ. Filing prior year tax returns The 1099 Series Most forms in the 1099 series are not filed with your return. Filing prior year tax returns These forms should be furnished to you by January 31, 2014 (or, for Forms 1099-B, 1099-S, and certain Forms 1099-MISC, by February 15, 2014). Filing prior year tax returns Unless instructed to file any of these forms with your return, keep them for your records. Filing prior year tax returns There are several different forms in this series, including: Form 1099-B, Proceeds From Broker and Barter Exchange Transactions; Form 1099-DIV, Dividends and Distributions; Form 1099-G, Certain Government Payments; Form 1099-INT, Interest Income; Form 1099-K, Payment Card and Third Party Network Transactions; Form 1099-MISC, Miscellaneous Income; Form 1099-OID, Original Issue Discount; Form 1099-PATR, Taxable Distributions Received from Cooperatives; Form 1099-Q, Payments From Qualified Education Programs; Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Filing prior year tax returns ; Form 1099-S, Proceeds From Real Estate Transactions; Form RRB-1099, Payments by the Railroad Retirement Board. Filing prior year tax returns If you received the types of income reported on some forms in the 1099 series, you may not be able to use Form 1040A or Form 1040EZ. Filing prior year tax returns See the instructions to these forms for details. Filing prior year tax returns Form 1099-R. Filing prior year tax returns   Attach Form 1099-R to your paper return if box 4 shows federal income tax withheld. Filing prior year tax returns Include the amount withheld in the total on line 62 of Form 1040 or line 36 of Form 1040A. Filing prior year tax returns You cannot use Form 1040EZ if you received payments reported on Form 1099-R. Filing prior year tax returns Backup withholding. Filing prior year tax returns   If you were subject to backup withholding on income you received during 2013, include the amount withheld, as shown on your Form 1099, in the total on line 62 of Form 1040, line 36 of Form 1040A, or line 7 of Form 1040EZ. Filing prior year tax returns Form Not Correct If you receive a form with incorrect information on it, you should ask the payer for a corrected form. Filing prior year tax returns Call the telephone number or write to the address given for the payer on the form. Filing prior year tax returns The corrected Form W-2G or Form 1099 you receive will have an “X” in the “CORRECTED” box at the top of the form. Filing prior year tax returns A special form, Form W-2c, Corrected Wage and Tax Statement, is used to correct a Form W-2. Filing prior year tax returns In certain situations, you will receive two forms in place of the original incorrect form. Filing prior year tax returns This will happen when your taxpayer identification number is wrong or missing, your name and address are wrong, or you received the wrong type of form (for example, a Form 1099-DIV instead of a Form 1099-INT). Filing prior year tax returns One new form you receive will be the same incorrect form or have the same incorrect information, but all money amounts will be zero. Filing prior year tax returns This form will have an “X” in the “CORRECTED” box at the top of the form. Filing prior year tax returns The second new form should have all the correct information, prepared as though it is the original (the “CORRECTED” box will not be checked). Filing prior year tax returns Form Received After Filing If you file your return and you later receive a form for income that you did not include on your return, you should report the income and take credit for any income tax withheld by filing Form 1040X, Amended U. Filing prior year tax returns S. Filing prior year tax returns Individual Income Tax Return. Filing prior year tax returns Separate Returns If you are married but file a separate return, you can take credit only for the tax withheld from your own income. Filing prior year tax returns Do not include any amount withheld from your spouse's income. Filing prior year tax returns However, different rules may apply if you live in a community property state. Filing prior year tax returns Community property states are listed in chapter 2. Filing prior year tax returns For more information on these rules, and some exceptions, see Publication 555, Community Property. Filing prior year tax returns Fiscal Years If you file your tax return on the basis of a fiscal year (a 12-month period ending on the last day of any month except December), you must follow special rules to determine your credit for federal income tax withholding. Filing prior year tax returns For a discussion of how to take credit for withholding on a fiscal year return, see Fiscal Years (FY) in chapter 3 of Publication 505. Filing prior year tax returns Estimated Tax Take credit for all your estimated tax payments for 2013 on line 63 of Form 1040 or line 37 of Form 1040A. Filing prior year tax returns Include any overpayment from 2012 that you had credited to your 2013 estimated tax. Filing prior year tax returns You must use Form 1040 or Form 1040A if you paid estimated tax. Filing prior year tax returns You cannot use Form 1040EZ. Filing prior year tax returns Name changed. Filing prior year tax returns   If you changed your name, and you made estimated tax payments using your old name, attach a brief statement to the front of your paper tax return indicating: When you made the payments, The amount of each payment, Your name when you made the payments, and Your social security number. Filing prior year tax returns The statement should cover payments you made jointly with your spouse as well as any you made separately. Filing prior year tax returns   Be sure to report the change to the Social Security Administration. Filing prior year tax returns This prevents delays in processing your return and issuing any refunds. Filing prior year tax returns Separate Returns If you and your spouse made separate estimated tax payments for 2013 and you file separate returns, you can take credit only for your own payments. Filing prior year tax returns If you made joint estimated tax payments, you must decide how to divide the payments between your returns. Filing prior year tax returns One of you can claim all of the estimated tax paid and the other none, or you can divide it in any other way you agree on. Filing prior year tax returns If you cannot agree, you must divide the payments in proportion to each spouse's individual tax as shown on your separate returns for 2013. Filing prior year tax returns Divorced Taxpayers If you made joint estimated tax payments for 2013, and you were divorced during the year, either you or your former spouse can claim all of the joint payments, or you each can claim part of them. Filing prior year tax returns If you cannot agree on how to divide the payments, you must divide them in proportion to each spouse's individual tax as shown on your separate returns for 2013. Filing prior year tax returns If you claim any of the joint payments on your tax return, enter your former spouse's social security number (SSN) in the space provided on the front of Form 1040 or Form 1040A. Filing prior year tax returns If you divorced and remarried in 2013, enter your present spouse's SSN in that space and write your former spouse's SSN, followed by “DIV,” to the left of Form 1040, line 63, or Form 1040A, line 37. Filing prior year tax returns Underpayment Penalty for 2013 If you did not pay enough tax, either through withholding or by making timely estimated tax payments, you will have an underpayment of estimated tax and you may have to pay a penalty. Filing prior year tax returns Generally, you will not have to pay a penalty for 2013 if any of the following apply. Filing prior year tax returns The total of your withholding and estimated tax payments was at least as much as your 2012 tax (or 110% of your 2012 tax if your AGI was more than $150,000, $75,000 if your 2013 filing status is married filing separately) and you paid all required estimated tax payments on time. Filing prior year tax returns The tax balance due on your 2013 return is no more than 10% of your total 2013 tax, and you paid all required estimated tax payments on time. Filing prior year tax returns Your total 2013 tax minus your withholding and refundable credits is less than $1,000. Filing prior year tax returns You did not have a tax liability for 2012 and your 2012 tax year was 12 months, or You did not have any withholding taxes and your current year tax less any household employment taxes is less than $1,000. Filing prior year tax returns See Publication 505, chapter 4, for a definition of “total tax” for 2012 and 2013. Filing prior year tax returns Farmers and fishermen. Filing prior year tax returns   Special rules apply if you are a farmer or fisherman. Filing prior year tax returns See Farmers and Fishermen in chapter 4 of Publication 505 for more information. Filing prior year tax returns IRS can figure the penalty for you. Filing prior year tax returns   If you think you owe the penalty but you do not want to figure it yourself when you file your tax return, you may not have to. Filing prior year tax returns Generally, the IRS will figure the penalty for you and send you a bill. Filing prior year tax returns However, if you think you are able to lower or eliminate your penalty, you must complete Form 2210 or Form 2210-F and attach it to your paper return. Filing prior year tax returns See chapter 4 of Publication 505. Filing prior year tax returns Prev  Up  Next   Home   More Online Publications