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How To File 2010 Taxes Late

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How To File 2010 Taxes Late

How to file 2010 taxes late Publication 179 - Additional Material Table of Contents 15. How to file 2010 taxes late Reglas especiales para varias clases de servicios y de pagos Cómo obtener ayuda relacionada con las contribuciones 15. How to file 2010 taxes late Reglas especiales para varias clases de servicios y de pagos Reglas especiales para varias clases de servicios y de pagos La tabla que aparece a continuación trata en forma resumida las clases especiales de trabajo y de pagos sujetos a la contribución. How to file 2010 taxes late Si usted necesita información más detallada, visite la oficina del Servicio Federal de Rentas Internas en Guaynabo, vea los reglamentos relacionados con las contribuciones sobre la nómina o llame al 1-800-829-4933. How to file 2010 taxes late Clases especiales de empleo y tipos  especiales de paga Contribuciones sobre la Nómina Para la contribución al Seguro Social y al seguro Medicare (incluyendo la Contribución Adicional al Medicare, cuando los salarios pagados exceden de $200,000), la paga es: Bajo la Ley Federal de Contribución para el Desempleo (FUTA), la paga es: Trabajo agrícola:     1. How to file 2010 taxes late Servicios en fincas relacionados con el cultivo del suelo; cultivo o recolección de cualquier producto agrícola u hortícola; crianza, etc. How to file 2010 taxes late , de ganado, aves, abejas, animales de piel o silvestres. How to file 2010 taxes late Tributable, si responde al requisito de los $150 o $2,500 (vea el apartado 7). How to file 2010 taxes late Tributable, si responde a cualesquiera de los dos requisitos del apartado 10. How to file 2010 taxes late 2. How to file 2010 taxes late Servicios prestados al dueño o explotador de una finca, si la mayor parte se prestan en la finca, para la administración, mantenimiento, etc. How to file 2010 taxes late , de la finca, de los aperos o del equipo o en el salvamento de madera y limpieza de leña y demás escombros dejados por un huracán. How to file 2010 taxes late Tributable, si responde al requisito de los $150 o $2,500 (vea el apartado 7). How to file 2010 taxes late Tributable, si responde a cualesquiera de los dos requisitos del apartado 10. How to file 2010 taxes late 3. How to file 2010 taxes late Servicios relacionados con el cultivo y la recolección de determinados productos resinosos (aguarrás y demás productos oleorresinosos). How to file 2010 taxes late Tributable, si responde al requisito de los $150 o $2,500 (vea el apartado 7). How to file 2010 taxes late Tributable, si responde a cualesquiera de los dos requisitos del apartado 10. How to file 2010 taxes late 4. How to file 2010 taxes late Servicios relacionados con el desmote de algodón. How to file 2010 taxes late Tributable, si responde al requisito de los $150 o $2,500 (vea el apartado 7). How to file 2010 taxes late Tributable, si responde a cualesquiera de los dos requisitos del apartado 10. How to file 2010 taxes late 5. How to file 2010 taxes late Servicios prestados fuera de la finca relacionados con la incubación de aves de corral. How to file 2010 taxes late Tributable (como labor no agrícola). How to file 2010 taxes late * Tributable, si responde a cualesquiera de los dos requisitos del apartado 10. How to file 2010 taxes late 6. How to file 2010 taxes late Servicios relacionados con la operación o conservación de canales, embalses o vías fluviales y utilizados exclusivamente en la provisión o almacenaje de agua para fines agrícolas que no se mantienen ni se operan con fines de lucro. How to file 2010 taxes late Tributable, si responde al requisito de los $150 o $2,500 (vea el apartado 7). How to file 2010 taxes late Tributable, si responde a cualesquiera de los dos requisitos del apartado 10. How to file 2010 taxes late 7. How to file 2010 taxes late Servicios en la elaboración, empaque, entrega, etc. How to file 2010 taxes late , de cualquier producto agrícola u hortícola en su estado no manufacturado:     a. How to file 2010 taxes late Empleado por el explotador de la finca. How to file 2010 taxes late Si el explotador produjo más de la mitad del producto elaborado, será tributable si responde al requisito de los $150 o $2,500 (vea el apartado 7); de lo contrario, será tributable como labor no agrícola. How to file 2010 taxes late * Tributable si el patrono produjo más de la mitad de los productos elaborados y, además, responde a cualesquiera de los dos requisitos del apartado 10. How to file 2010 taxes late De lo contrario, será tributable como labor no agrícola. How to file 2010 taxes late b. How to file 2010 taxes late Empleado por un grupo no incorporado  de explotadores de fincas (no más de 20). How to file 2010 taxes late Si el grupo produjo todos los productos elaborados, será tributable si responde al requisito de los $150 o $2,500 (vea el apartado 7); de lo contrario, será tributable como labor no agrícola. How to file 2010 taxes late * Tributable si el patrono produjo más de la mitad de los productos elaborados y, además, responde a cualesquiera de los dos requisitos del apartado 10. How to file 2010 taxes late De lo contrario, será tributable como labor no agrícola. How to file 2010 taxes late c. How to file 2010 taxes late Empleado por otro grupo de operadores  de una finca (incluyendo organizaciones  cooperativas y tratantes comerciales). How to file 2010 taxes late Tributable (como labor no agrícola). How to file 2010 taxes late * Tributable si el patrono produjo más de la mitad de los productos elaborados y, además, responde a cualesquiera de los dos requisitos del apartado 10. How to file 2010 taxes late De lo contrario, será tributable como labor no agrícola. How to file 2010 taxes late 8. How to file 2010 taxes late Servicios en el manejo o la elaboración de artículos después de su entrega al mercado final o en el enlatado o congelación comercial. How to file 2010 taxes late Tributable (como labor no agrícola). How to file 2010 taxes late * Tributable (como labor no agrícola). How to file 2010 taxes late *Los salarios recibidos por servicios que no se consideran trabajo agrícola se declaran en el Formulario 941-PR o Formulario 944(SP). How to file 2010 taxes late Otras exenciones pueden corresponder. How to file 2010 taxes late Vea los apartados 5 y 12 . How to file 2010 taxes late Reglas especiales para varias clases de servicios y de pagos Clases especiales de empleo y tipos  especiales de paga Contribuciones sobre la Nómina Para la contribución al Seguro Social y al seguro Medicare (incluyendo la Contribución Adicional al Medicare, cuando los salarios pagados exceden de $200,000), la paga es: Bajo la Ley Federal de Contribución para el Desempleo (FUTA), la paga es: Extranjeros:     1. How to file 2010 taxes late Residentes     a. How to file 2010 taxes late Servicios prestados en los EE. How to file 2010 taxes late UU. How to file 2010 taxes late ** Lo mismo que un ciudadano de los EE. How to file 2010 taxes late UU. How to file 2010 taxes late ; exenta, si alguna porción de los servicios prestados como miembro de una tripulación de un avión o barco extranjero se presta fuera de los EE. How to file 2010 taxes late UU. How to file 2010 taxes late Lo mismo que un ciudadano de los EE. How to file 2010 taxes late UU. How to file 2010 taxes late b. How to file 2010 taxes late Servicios prestados fuera de los EE. How to file 2010 taxes late UU. How to file 2010 taxes late ** Tributable, si (a) trabaja para un patrono estadounidense o (b) existe un acuerdo de un patrono estadounidense con el IRS que abarca tanto a los ciudadanos estadounidenses como a los extranjeros residentes que trabajan para sus empresas extranjeras afiliadas o subsidiarias de un patrono estadounidense. How to file 2010 taxes late Exenta, a menos que los servicios se presten en un barco o avión estadounidense y de acuerdo con un contrato hecho en los EE. How to file 2010 taxes late UU. How to file 2010 taxes late o que el extranjero trabaje en tal barco o avión y el mismo toque en un puerto estadounidense. How to file 2010 taxes late 2. How to file 2010 taxes late No residentes Vea la Publicación 15-A, en inglés. How to file 2010 taxes late Vea la Publicación 15-A, en inglés. How to file 2010 taxes late a. How to file 2010 taxes late Trabajadores que han sido admitidos legalmente al país de manera temporera conforme a la sección 101(a)(15)(H)(ii)(a) de la Ley de Inmigración y Nacionalidad para llevar a cabo trabajo agrícola (visa H-2A). How to file 2010 taxes late Exenta. How to file 2010 taxes late Exenta. How to file 2010 taxes late   3. How to file 2010 taxes late Extranjero no residente trabajando en barcos o aviones estadounidenses. How to file 2010 taxes late Tributable si el contrato fue llevado a cabo en los Estados Unidos o el trabajador está empleado en el barco o avión cuando éste toca un puerto estadounidense. How to file 2010 taxes late Salarios de un trabajador fallecido     1. How to file 2010 taxes late Salarios de un trabajador fallecido pagados en el año natural de la muerte de éste a su beneficiario o caudal hereditario (relicto). How to file 2010 taxes late Tributable. How to file 2010 taxes late Tributable. How to file 2010 taxes late 2. How to file 2010 taxes late Salarios de un trabajador fallecido pagados después del final del año de la muerte de éste a su beneficiario o caudal hereditario (relicto). How to file 2010 taxes late Exenta. How to file 2010 taxes late Exenta. How to file 2010 taxes late Compensación pagada a empleados por incapacidad:     Compensación pagada por incapacidad a un empleado en el año que sigue al año en que dicho empleado adquirió el derecho a beneficios por incapacidad bajo la Ley del Seguro Social. How to file 2010 taxes late Exenta, si el empleado no prestó ningún servicio a su patrono durante el período cubierto por el pago. How to file 2010 taxes late Tributable. How to file 2010 taxes late Servicio doméstico en clubes universitarios, fraternidades y hermandades femeninas (sororities). How to file 2010 taxes late Exenta, si la remuneración se le paga a un estudiante regular. How to file 2010 taxes late Exenta también si el patrono está exento de la contribución federal sobre ingresos y la paga es menos de $100. How to file 2010 taxes late Tributable, si el total de los salarios pagados a todos los empleados domésticos en efectivo ascienden a $1,000 o más en cualquier trimestre natural del año actual o anterior. How to file 2010 taxes late Empleados emparentados:     1. How to file 2010 taxes late Hijo empleado por un padre (o por una sociedad de la cual cada socio es padre del hijo). How to file 2010 taxes late Exenta hasta los 18 años de edad. How to file 2010 taxes late Exenta hasta los 21 años de edad. How to file 2010 taxes late 2. How to file 2010 taxes late Hijo empleado por un padre para hacer trabajo doméstico o trabajo que no tenga relación con su ocupación o negocio. How to file 2010 taxes late Exenta hasta los 21 años de edad. How to file 2010 taxes late Exenta hasta los 21 años de edad. How to file 2010 taxes late 3. How to file 2010 taxes late Padre que presta servicios para un hijo. How to file 2010 taxes late Tributable, si presta servicios en la ocupación o negocio del hijo. How to file 2010 taxes late Para empleo doméstico en la residencia particular de un hijo, vea la Publicación 926, en inglés. How to file 2010 taxes late Exenta. How to file 2010 taxes late 4. How to file 2010 taxes late Cónyuge que presta servicios para el otro cónyuge. How to file 2010 taxes late Tributable, si presta servicios en la ocupación o negocio del otro cónyuge. How to file 2010 taxes late Exenta. How to file 2010 taxes late Los empleados federales:     1. How to file 2010 taxes late Miembros de las fuerzas armadas, voluntarios del Cuerpo de Paz, miembros de Jóvenes Adultos para la Conservación, miembros de los Cuerpos de Trabajo y miembros del Programa Nacional de Voluntarios Contra la Pobreza y líderes voluntarios. How to file 2010 taxes late Tributable. How to file 2010 taxes late Exenta. How to file 2010 taxes late 2. How to file 2010 taxes late Todos los demás. How to file 2010 taxes late Tributable, si optó por FERS o si volvió a trabajar para el gobierno federal después de haber estado sin trabajar para éste durante más de un año (a no ser que la interrupción haya sido por servicio militar o de la reserva). How to file 2010 taxes late Para otros empleados, por lo general, está sujeta a la contribución al Medicare. How to file 2010 taxes late Exenta, a menos que el trabajador sea un marino mercante que presta servicios en, o relacionados con, un barco estadounidense que es propiedad de, o alquilado por, los Estados Unidos y operado por un agente general del Secretario de Comercio. How to file 2010 taxes late **Los beneficios proporcionados de acuerdo con los planes llamados “planes cafetería” podrían reunir los requisitos para ser excluidos de los salarios para propósitos de la contribución al Seguro Social, al seguro Medicare y al fondo federal para el desempleo. How to file 2010 taxes late Reglas especiales para varias clases de servicios y de pagos Clases especiales de empleo y tipos  especiales de paga Contribuciones sobre la Nómina Para la contribución al Seguro Social y al seguro Medicare (incluyendo la Contribución Adicional al Medicare, cuando los salarios pagados exceden de $200,000), la paga es: Bajo la Ley Federal de Contribución para el Desempleo (FUTA), la paga es: Empleo relacionado con la pesca de:     1. How to file 2010 taxes late Salmón o mero. How to file 2010 taxes late Tributable a menos que la (3) sea aplicable. How to file 2010 taxes late Tributable a menos que la (3) sea aplicable. How to file 2010 taxes late 2. How to file 2010 taxes late Otra clase de pescado y otra clase de vida acuática animal o vegetal. How to file 2010 taxes late Tributable a menos que la (3) sea aplicable. How to file 2010 taxes late Exenta, a menos que sea una embarcación de más de diez toneladas y la (3) no se aplique. How to file 2010 taxes late 3. How to file 2010 taxes late Un acuerdo con el dueño u operador de la embarcación mediante el cual la persona recibe una porción de la pesca de la embarcación (o dinero en efectivo de la venta del pescado). How to file 2010 taxes late Esta porción depende de la pesca de la embarcación. How to file 2010 taxes late En tales casos la tripulación suele tener menos de 10 personas. How to file 2010 taxes late Exenta, si cualquier remuneración en efectivo es:  (a) $100 o menos por viaje;  (b) Dependiente de la pesca mínima de la embarcación y  (c) Pagada únicamente por funciones adicionales (tales como maestro, ingeniero o cocinero por los cuales la remuneración suele ser pagada en efectivo). How to file 2010 taxes late Exenta, si cualquier remuneración en efectivo es: (a) $100 o menos por viaje;  (b) Dependiente de la pesca mínima de la embarcación y  (c) Pagada únicamente por funciones adicionales (tales como maestro, ingeniero o cocinero por los cuales la remuneración suele ser pagada en efectivo). How to file 2010 taxes late Beneficios marginales. How to file 2010 taxes late Tributable por la cantidad de beneficio recibida por el empleado. How to file 2010 taxes late Esta cantidad se obtiene restando del valor en el mercado del beneficio marginal la cantidad pagada por el empleado y toda cantidad exenta por ley. How to file 2010 taxes late Sin embargo, en ciertos casos corresponden reglas especiales para valorar los beneficios marginales. How to file 2010 taxes late *** Gobiernos extranjeros y organizaciones internacionales. How to file 2010 taxes late Exenta. How to file 2010 taxes late Exenta. How to file 2010 taxes late Servicio en el extranjero por ciudadanos de los Estados Unidos:     Como empleado del Gobierno Federal de los EE. How to file 2010 taxes late UU. How to file 2010 taxes late Tal como los empleados federales que trabajan en los EE. How to file 2010 taxes late UU. How to file 2010 taxes late Exenta. How to file 2010 taxes late (Vea, además, Los empleados federales, anteriormente). How to file 2010 taxes late Por empresas extranjeras asociadas o subsidiarias con patronos de los EE. How to file 2010 taxes late UU. How to file 2010 taxes late y otros patronos privados. How to file 2010 taxes late Exenta, a menos que (a) un patrono estadounidense, mediante acuerdo con el IRS, conceda la protección del Seguro Social a ciudadanos estadounidenses empleados por sus empresas extranjeras afiliadas o subsidiarias o (b) sea un ciudadano de los EE. How to file 2010 taxes late UU. How to file 2010 taxes late que trabaja para un patrono estadounidense. How to file 2010 taxes late Exenta, a menos que (a) el servicio se preste en un barco o avión y el trabajo se haga de acuerdo a un contrato en los EE. How to file 2010 taxes late UU. How to file 2010 taxes late o lo preste un empleado que trabaja en un barco cuando éste toca en un puerto de los EE. How to file 2010 taxes late UU. How to file 2010 taxes late o (b) un ciudadano de los EE. How to file 2010 taxes late UU. How to file 2010 taxes late que trabaja para un patrono estadounidense (que no esté en un país contiguo con el cual los EE. How to file 2010 taxes late UU. How to file 2010 taxes late tiene un acuerdo sobre cómo se trata la compensación por desempleo) o para un patrono en las Islas Vírgenes. How to file 2010 taxes late Empleados del gobierno (que no sea el gobierno federal). How to file 2010 taxes late Consulte al Servicio Federal de Rentas Internas en Puerto Rico. How to file 2010 taxes late Consulte al Servicio Federal de Rentas Internas en Puerto Rico. How to file 2010 taxes late Trabajo industrial hecho en el hogar:     1. How to file 2010 taxes late Por empleados bajo la ley común. How to file 2010 taxes late Tributable. How to file 2010 taxes late Tributable. How to file 2010 taxes late 2. How to file 2010 taxes late Por empleados sujetos a las disposiciones estatutarias (vea el apartado 2 ). How to file 2010 taxes late Tributable, si se les pagan $100 o más en  efectivo en un año. How to file 2010 taxes late Exenta. How to file 2010 taxes late Médicos internos empleados en hospitales. How to file 2010 taxes late Tributable. How to file 2010 taxes late Exenta. How to file 2010 taxes late Trabajadores domésticos:     Servicio doméstico en la residencia privada del patrono. How to file 2010 taxes late Además, vea Servicio doméstico en clubes universitarios, fraternidades y hermandades femeninas (sororities), anteriormente. How to file 2010 taxes late Tributable si se hacen los pagos en efectivo de $1,900 o más durante el año 2014. How to file 2010 taxes late Es exenta si los servicios son prestados por un individuo menor de 18 años de edad durante cualquier porción del año natural y los servicios no son la ocupación principal del empleado. How to file 2010 taxes late Tributable, si el total de los salarios pagados en efectivo ascienden a $1,000 o más (para todos sus empleados domésticos) en cualquier trimestre natural del año actual o anterior. How to file 2010 taxes late Agentes de seguros o solicitadores:     1. How to file 2010 taxes late Vendedores de seguros a tiempo completo. How to file 2010 taxes late Tributable. How to file 2010 taxes late Exenta, si no es un empleado de acuerdo a la ley común y si es remunerado únicamente por comisiones. How to file 2010 taxes late 2. How to file 2010 taxes late Otros vendedores de seguros de vida, accidente, etc. How to file 2010 taxes late Tributable, solamente si es un empleado de acuerdo a la ley común. How to file 2010 taxes late Exenta, si no es un empleado de acuerdo a la ley común y si es remunerado únicamente por comisiones. How to file 2010 taxes late Interés no realizado sobre préstamos por debajo de la tasa correspondiente del mercado relacionados con la compensación y considerados descuento de emisión original. How to file 2010 taxes late (Vea la sección 7872 del Código Federal de Rentas Internas y los reglamentos correspondientes para más detalles). How to file 2010 taxes late Vea la Publicación 15-A, en inglés. How to file 2010 taxes late Vea la Publicación 15-A, en inglés. How to file 2010 taxes late ***Los beneficios proporcionados de acuerdo con los planes llamados “planes cafetería” podrían reunir los requisitos para ser excluidos de los salarios para propósitos de la contribución al Seguro Social, al seguro Medicare y al fondo federal para el desempleo. How to file 2010 taxes late Reglas especiales para varias clases de servicios y de pagos Clases especiales de empleo y tipos  especiales de paga Contribuciones sobre la Nómina Para la contribución al Seguro Social y al seguro Medicare (incluyendo la Contribución Adicional al Medicare, cuando los salarios pagados exceden de $200,000), la paga es: Bajo la Ley Federal de Contribución para el Desempleo (FUTA), la paga es: Comidas y alojamiento, incluyendo los que se le proporcionan a los empleados a un precio reducido. How to file 2010 taxes late (En el caso de empleados domésticos, agrícolas y servicios que no se prestan en el curso normal de un negocio o profesión, vea Pagos en especie, más adelante). How to file 2010 taxes late 1. How to file 2010 taxes late Comidas: Tributables, excepto si son proporcionadas por el patrono, para la conveniencia de éste, en el negocio del patrono. How to file 2010 taxes late Para información acerca de la exclusión de beneficios marginales mínimos, vea la sección 132(e) del Código. How to file 2010 taxes late  2. How to file 2010 taxes late Alojamiento: Tributable, excepto si es proporcionado por el patrono, para la conveniencia de éste, en el negocio del patrono y como requisito para mantener el empleo. How to file 2010 taxes late 1. How to file 2010 taxes late Comidas: Tributables, excepto si son proporcionadas por el patrono, para la conveniencia de éste, en el negocio del patrono. How to file 2010 taxes late Para información acerca de la exclusión de beneficios marginales mínimos, vea la sección 132(e) del Código. How to file 2010 taxes late  2. How to file 2010 taxes late Alojamiento: Tributable, excepto si es proporcionado por el patrono, para la conveniencia de éste, en el negocio del patrono y como requisito para mantener el empleo. How to file 2010 taxes late Ministros de iglesias que ejercen como tal. How to file 2010 taxes late Exenta. How to file 2010 taxes late Exenta. How to file 2010 taxes late Reembolsos de gastos de mudanza:     1. How to file 2010 taxes late Gastos calificados. How to file 2010 taxes late Exenta, a menos que usted tenga conocimiento de que el empleado dedujo los gastos en un año anterior. How to file 2010 taxes late Exenta, a menos que usted tenga conocimiento de que el empleado dedujo los gastos en un año anterior. How to file 2010 taxes late 2. How to file 2010 taxes late Gastos no calificados. How to file 2010 taxes late Tributable. How to file 2010 taxes late Tributable. How to file 2010 taxes late Pagos en especie:     a. How to file 2010 taxes late A trabajadores domésticos o agrícolas y a trabajadores que presten servicios no relacionados con el oficio o negocio del patrono. How to file 2010 taxes late Exenta. How to file 2010 taxes late Exenta. How to file 2010 taxes late b. How to file 2010 taxes late A ciertos vendedores comisionistas al detal a los cuales se les paga únicamente en efectivo a base de comisión. How to file 2010 taxes late Tributable. How to file 2010 taxes late Tributable. How to file 2010 taxes late Organizaciones sin fines de lucro:     1. How to file 2010 taxes late Organizaciones religiosas, docentes, caritativas, etc. How to file 2010 taxes late , del tipo descrito en la sec. How to file 2010 taxes late 501(c)(3) y exentas de la contribución federal sobre ingresos bajo la sec. How to file 2010 taxes late 501(a) del Código Federal de Rentas Internas. How to file 2010 taxes late Tributable si la remuneración durante el año asciende a $100 o más. How to file 2010 taxes late Las iglesias y ciertas organizaciones calificadas que están dirigidas por iglesias que por motivos religiosos se oponen al Seguro Social, pueden solicitar que se les exima del pago de la contribución patronal al Seguro Social y al Medicare. How to file 2010 taxes late La solicitud deberá hacerla en el Formulario 8274, Certification by Churches and Qualified Church-Controlled Organizations Electing Exemption From Employer Social Security and Medicare Taxes, en inglés. How to file 2010 taxes late Exenta. How to file 2010 taxes late 2. How to file 2010 taxes late Corporaciones establecidas por el Congreso de acuerdo con la Sec. How to file 2010 taxes late 501(c) del Código Federal de Rentas Internas. How to file 2010 taxes late Tributable si el empleado gana $100 o más en un año, a menos que sus servicios estén exentos de acuerdo con la sec. How to file 2010 taxes late 3121(b)(5) ó (6) del Código Federal de Rentas Internas. How to file 2010 taxes late Tributable si el empleado gana $50 o más en un año, a menos que sus servicios estén exentos de acuerdo con la sec. How to file 2010 taxes late 3306(c)(6) del Código Federal de Rentas Internas. How to file 2010 taxes late 3. How to file 2010 taxes late Otras organizaciones exentas bajo la sec. How to file 2010 taxes late 501(a) que no sean un plan de pensiones, de participación en los beneficios, o un plan de bonificación en acciones descrito en la sec. How to file 2010 taxes late 401(a) o bajo la Sec. How to file 2010 taxes late 521 del Código Federal de Rentas Internas. How to file 2010 taxes late Tributable si el empleado gana $100 o más en un año. How to file 2010 taxes late Tributable si el empleado gana $50 o más en un trimestre. How to file 2010 taxes late Socios colectivos Exentos. How to file 2010 taxes late Exentos. How to file 2010 taxes late Pacientes empleados en hospitales. How to file 2010 taxes late Tributable (exenta en el caso de los hospitales estatales o locales). How to file 2010 taxes late Exenta. How to file 2010 taxes late Órdenes religiosas: Miembros que, de acuerdo con las instrucciones que han recibido de la orden, prestan servicios:     1. How to file 2010 taxes late En nombre de la orden, de la iglesia dirigente o de una institución asociada. How to file 2010 taxes late Exenta, a menos que el miembro haya hecho un voto de pobreza y la orden religiosa, o una subdivisión independiente de ésta, opte irrevocablemente por la protección del seguro para todos su miembros activos. How to file 2010 taxes late Exenta. How to file 2010 taxes late 2. How to file 2010 taxes late En nombre de cualquier organización que no sea una de las que se han mencionado en punto (1), anteriormente. How to file 2010 taxes late Tributable. How to file 2010 taxes late Tributable. How to file 2010 taxes late Reglas especiales para varias clases de servicios y de pagos Clases especiales de empleo y tipos  especiales de paga Contribuciones sobre la Nómina Para la contribución al Seguro Social y al seguro Medicare (incluyendo la Contribución Adicional al Medicare, cuando los salarios pagados exceden de $200,000), la paga es: Bajo la Ley Federal de Contribución para el Desempleo (FUTA), la paga es: Planes de retiro y de pensión o anualidad:     1. How to file 2010 taxes late Aportaciones efectuadas por el patrono a un plan calificado. How to file 2010 taxes late Exenta. How to file 2010 taxes late Exenta. How to file 2010 taxes late 2. How to file 2010 taxes late Aportaciones electivas del empleado y pagos diferidos a un plan que contiene un arreglo calificado de efectivo o remuneración diferida (por ejemplo, un plan 401(k)). How to file 2010 taxes late Tributable. How to file 2010 taxes late Tributable. How to file 2010 taxes late 3. How to file 2010 taxes late Aportaciones efectuadas por el empleado a ciertas cuentas de reducción en el salario (SIMPLE). How to file 2010 taxes late Tributable. How to file 2010 taxes late Tributable. How to file 2010 taxes late 4. How to file 2010 taxes late Aportaciones efectuadas por el patrono a ciertas cuentas personales de retiro de acuerdo a un plan simplificado de pensión del empleado (SEP). How to file 2010 taxes late Exenta, excepto por cantidades aportadas mediante un acuerdo de reducción en el salario (SEP). How to file 2010 taxes late Exenta, excepto por cantidades aportadas mediante un acuerdo de reducción en el salario (SEP). How to file 2010 taxes late 5. How to file 2010 taxes late Aportaciones efectuadas por el patrono a ciertos contratos de pagar anualidades descritos en la sección 403(b) del Código Federal de Rentas Internas. How to file 2010 taxes late Tributable, si se paga mediante un acuerdo de reducción en el salario (por escrito o de otra manera). How to file 2010 taxes late Tributable, si se paga mediante un acuerdo de reducción en el salario (por escrito o de otra manera). How to file 2010 taxes late 6. How to file 2010 taxes late Reparticiones de planes calificados de retiro y de pensión y de ciertas anualidades descritas en la sección 403(b) del Código Federal de Rentas Internas. How to file 2010 taxes late Exenta. How to file 2010 taxes late Exenta. How to file 2010 taxes late       Vendedores: 1. How to file 2010 taxes late Empleados conforme al derecho común. How to file 2010 taxes late Tributable. How to file 2010 taxes late Tributable. How to file 2010 taxes late 2. How to file 2010 taxes late Empleados estatutarios (referidos en el apartado 2 ). How to file 2010 taxes late Tributable. How to file 2010 taxes late Tributable excepto para los agentes de seguro que trabajan a tiempo completo. How to file 2010 taxes late 3. How to file 2010 taxes late Individuos a quien la ley no los clasifica como empleados (agentes de bienes raíces y vendedores directos). How to file 2010 taxes late Exentos. How to file 2010 taxes late Se tratan como trabajadores por cuenta propia, si todos los pagos están directamente relacionados con las ventas o la producción de otro tipo y servicios prestados como empleados independientes según acordado en el contrato escrito. How to file 2010 taxes late Los vendedores directos tienen que estar en el negocio de venta de otros productos de consumo. How to file 2010 taxes late El negocio de venta no puede estar localizado en un establecimiento permanente. How to file 2010 taxes late Indemnización por separación del empleo. How to file 2010 taxes late Tributable. How to file 2010 taxes late Tributable. How to file 2010 taxes late Pagos por concepto de enfermedad o lesiones:     1. How to file 2010 taxes late Bajo la ley de compensación a trabajadores. How to file 2010 taxes late Exenta. How to file 2010 taxes late Exenta. How to file 2010 taxes late 2. How to file 2010 taxes late Bajo ciertos planes patronales. How to file 2010 taxes late Exenta después que transcurran 6 meses naturales, contados éstos a partir del primer mes que sigue al último mes en que el empleado trabajó para el patrono. How to file 2010 taxes late Exenta después que transcurran 6 meses naturales, contados éstos a partir del primer mes que sigue al último mes en que el empleado trabajó para el patrono. How to file 2010 taxes late 3. How to file 2010 taxes late Bajo planes que no son patronales. How to file 2010 taxes late Exenta después que transcurran 6 meses naturales, contados éstos a partir del primer mes que sigue al último mes en que el empleado trabajó para el patrono. How to file 2010 taxes late Exenta después que transcurran 6 meses naturales, contados éstos a partir del primer mes que sigue al último mes en que el empleado trabajó para el patrono. How to file 2010 taxes late Estudiantes:     1. How to file 2010 taxes late Estudiante matriculado y que asiste regularmente a clases (con dedicación parcial, o su equivalente, al menos, mientras se dedica a un plan de estudios) y que presta servicios para una:     a. How to file 2010 taxes late Escuela privada, institución de enseñanza superior o universidad. How to file 2010 taxes late Exenta. How to file 2010 taxes late Exenta. How to file 2010 taxes late b. How to file 2010 taxes late Organización auxiliar sin fines de lucro operada y controlada por una escuela, institución de enseñanza superior o universidad. How to file 2010 taxes late Exenta, a menos que los servicios estén amparados conforme a un acuerdo hecho bajo la sección 218 de la Ley del Seguro Social. How to file 2010 taxes late Exenta. How to file 2010 taxes late c. How to file 2010 taxes late Escuela pública, institución de enseñanza superior o universidad. How to file 2010 taxes late Exenta, a menos que los servicios estén amparados conforme a un acuerdo hecho bajo la sección 218 de la Ley del Seguro Social. How to file 2010 taxes late Exenta. How to file 2010 taxes late 2. How to file 2010 taxes late Estudiante con dedicación completa que presta servicios a cambio de recibir crédito académico, así combinando su instrucción académica con su experiencia en el trabajo como parte esencial de su programa de estudios. How to file 2010 taxes late Tributable. How to file 2010 taxes late Exenta, a menos que se haya establecido el programa para, o en nombre de, un patrono o un grupo de patronos. How to file 2010 taxes late 3. How to file 2010 taxes late Estudiante para enfermero que presta servicios de tiempo parcial por una paga insignificante en un hospital sólo para cumplir con los requisitos de su adiestramiento. How to file 2010 taxes late Exenta. How to file 2010 taxes late Exenta. How to file 2010 taxes late 4. How to file 2010 taxes late Estudiante empleado por un campamento organizado. How to file 2010 taxes late Tributable. How to file 2010 taxes late Exenta. How to file 2010 taxes late Beneficios suplementarios de la compensación por desempleo Exentos bajo ciertas condiciones, vea la Publicación 15-A, en inglés. How to file 2010 taxes late Propinas:     1. How to file 2010 taxes late Si ascienden a $20 o más en un mes. How to file 2010 taxes late Tributable. How to file 2010 taxes late Tributable por el total de propinas declaradas por escrito al patrono. How to file 2010 taxes late 2. How to file 2010 taxes late Si ascienden a menos de $20 en un mes. How to file 2010 taxes late Exenta. How to file 2010 taxes late Exenta. How to file 2010 taxes late Compensación del seguro obrero. How to file 2010 taxes late Exenta. How to file 2010 taxes late Exenta. How to file 2010 taxes late Repartidores de periódicos menores de 18 años de edad que efectúan entrega directamente al consumidor. How to file 2010 taxes late Exenta. How to file 2010 taxes late Exenta. How to file 2010 taxes late   Cómo obtener ayuda relacionada con las contribuciones Ya sea si necesita ayuda con un asunto contributivo, o si necesita obtener gratuitamente un formulario o publicación, obtenga la ayuda que necesite de la manera que le sea conveniente a usted. How to file 2010 taxes late Acceda a la Internet, utilice un teléfono inteligente (smartphone), llame o visite a una oficina del IRS cerca de usted. How to file 2010 taxes late Ayuda relacionada con las contribuciones. How to file 2010 taxes late   Si necesita información relacionada con las contribuciones sobre la nómina, puede llamar al 1-800-829-4933. How to file 2010 taxes late Si es usuario de equipo TDD/TTY para personas que son sordas, tienen dificultades auditivas o tienen impedimentos del habla, puede llamar al 1-800-829-4059. How to file 2010 taxes late Patronos en Puerto Rico. How to file 2010 taxes late   Si es patrono en Puerto Rico, entonces utiliza el Formulario 499R-2/W-2PR para informarle a sus empleados sobre los ingresos devengados y las contribuciones estatales y federales retenidas. How to file 2010 taxes late Puede obtener este formulario en el Departamento de Hacienda, llamando al (787) 722-0216. How to file 2010 taxes late Si desea más información sobre este formulario, acceda al sitio web www. How to file 2010 taxes late hacienda. How to file 2010 taxes late gobierno. How to file 2010 taxes late pr. How to file 2010 taxes late Internet. How to file 2010 taxes late    IRS. How to file 2010 taxes late gov y IRS2Go están listos cuando usted lo está las 24 horas del día, los 7 días de la semana. How to file 2010 taxes late Descargue la aplicación gratuita IRS2Go de la tienda de aplicaciones iTunes o Google Play. How to file 2010 taxes late Utilice la aplicación para verificar el estado de su reembolso, pedir transcripciones de su declaración de contribución o su cuenta tributaria, ver el canal del IRS en YouTube, obtener noticias relacionadas con el IRS tan pronto se difundan al público, suscribirse a noticias actualizadas relacionadas con la temporada de radicación de declaraciones o consejos contributivos diarios y seguir las noticias que el IRS publica en Twitter, en @IRSnews, para obtener las noticias sobre las contribuciones federales más recientes, incluyendo información acerca de cambios en la ley tributaria y programas importantes del IRS. How to file 2010 taxes late Utilice el Tax Trails (Caminos contributivos), disponible en inglés, que es uno de los temas contributivos que está disponible en IRS. How to file 2010 taxes late gov, el cual contiene información tributaria para personas físicas y negocios. How to file 2010 taxes late Además, también puede buscar el IRS Tax Map (Mapa contributivo del IRS), en inglés, el cual incluye un índice de temas contributivos para contribuyentes internacionales. How to file 2010 taxes late Puede utilizar el Mapa contributivo del IRS para buscar en las publicaciones y las instrucciones por tema o palabra clave. How to file 2010 taxes late El mapa contributivo del IRS une los formularios y publicaciones del IRS dentro de un recurso de búsqueda y provee un punto de acceso a información sobre la ley tributaria por tema. How to file 2010 taxes late Si busca en el Mapa contributivo del IRS, encontrará enlaces al material relacionado en las publicaciones, formularios e instrucciones, preguntas y respuestas y Temas Contributivos del IRS. How to file 2010 taxes late Lea temas contributivos que le proveerán información sobre las contribuciones patronales y otra información contributiva para los residentes de Puerto Rico. How to file 2010 taxes late Si desea ver estos temas, acceda a IRS. How to file 2010 taxes late gov/espanol y pulse sobre el enlace titulado “Temas Contributivos”. How to file 2010 taxes late Luego, busque la serie de temas número “900”, los cuales proveen información para residentes de Puerto Rico. How to file 2010 taxes late Visite la sección Understanding Your IRS Notice or Letter (Información sobre avisos del IRS) para recibir respuestas a preguntas sobre un aviso o carta que recibió del IRS. How to file 2010 taxes late Efectúe un pago utilizando una de las opciones seguras y convenientes de pago electrónico que están disponibles en IRS. How to file 2010 taxes late gov. How to file 2010 taxes late Si desea más información, seleccione la pestaña titulada Payment (Pago), desde la página principal IRS. How to file 2010 taxes late gov. How to file 2010 taxes late La información está disponible en inglés. How to file 2010 taxes late Solicite un PIN de Declaración Electrónica accediendo a IRS. How to file 2010 taxes late gov/espanol e ingresando las palabras claves “PIN de declaración electrónica” en la casilla Search (Buscar). How to file 2010 taxes late Descargue formularios, instrucciones y publicaciones, incluidas algunas versiones accesibles de los mismos para personas con discapacidades. How to file 2010 taxes late Localice el Centro de Ayuda al Contribuyente del IRS. How to file 2010 taxes late En la casilla Search (Buscar) escriba local offices, en inglés en IRS. How to file 2010 taxes late gov. How to file 2010 taxes late En IRS2Go, escoja la opción Contact Us (Comunicarse con nosotros) y luego local offices, en inglés. How to file 2010 taxes late Un empleado de esa oficina le puede contestar preguntas sobre su cuenta tributaria o ayudarle a establecer un plan de pagos. How to file 2010 taxes late Antes de visitar la oficina, verifique la herramienta local offices para la búsqueda de las oficinas locales en IRS. How to file 2010 taxes late gov o la opción local offices que se encuentra bajo la opción Contact Us, en IRS2Go para que verifique la dirección, el número telefónico, las horas de operación y los servicios que dicha oficina provee. How to file 2010 taxes late Si tiene una necesidad especial, tal como una discapacidad, puede solicitar una cita. How to file 2010 taxes late Llame al número telefónico local para la oficina localizado en la herramienta para la búsqueda de las oficinas locales o busque en la guía telefónica, bajo United States Government, Internal Revenue Service (Gobierno de los Estados Unidos, Servicio de Rentas Internas). How to file 2010 taxes late Solicite un número de identificación del patrono (EIN, por sus siglas en inglés). How to file 2010 taxes late Acceda a IRS. How to file 2010 taxes late gov y escriba las palabras “Apply for an EIN” (Solicitar un EIN), en inglés, en la casilla Search (Buscar). How to file 2010 taxes late Lea el Código Federal de Rentas Internas, los reglamentos u otra información oficial. How to file 2010 taxes late Lea los Internal Revenue Bulletins (Boletines del IRS). How to file 2010 taxes late Suscríbase por medio del correo electrónico para recibir noticias locales y nacionales relacionadas con las contribuciones. How to file 2010 taxes late Simplemente, pulse sobre el enlace titulado Subscriptions, que se encuentra sobre la casilla Search (Buscar) en IRS. How to file 2010 taxes late gov y escoja entre una variedad de opciones. How to file 2010 taxes late Teléfono. How to file 2010 taxes late   Puede llamar al IRS o puede llevarlo en su bolsillo con la aplicación IRS2Go en su teléfono inteligente o tableta. How to file 2010 taxes late Descargue la aplicación gratuita IRS2Go de la tienda de aplicaciones iTunes o Google Play. How to file 2010 taxes late Llame al 1-800-829-3676 (1-800-TAXFORM) para pedir formularios, instrucciones y publicaciones del año actual y formularios e instrucciones de años anteriores (limitado a los últimos 5 años). How to file 2010 taxes late Deberá recibir su pedido dentro de 10 días laborables. How to file 2010 taxes late Llame para escuchar los temas TeleTax, al 1-800-829-4477, para escuchar mensajes grabados en español sobre varios temas generales relacionados con las contribuciones federales y negocios. How to file 2010 taxes late Llame si utiliza equipo TTY/TDD al 1-800-829-4059, para realizar sus preguntas sobre impuestos o para pedir formularios y publicaciones. How to file 2010 taxes late El número telefónico TTY/TDD es para las personas que son sordas, quienes tienen problemas auditivos o quienes tienen una incapacidad del habla. How to file 2010 taxes late Estas personas pueden acceder al IRS a través de servicios de retransmisión, tal como el Servicio Federal de Retransmisión, en inglés. How to file 2010 taxes late Visitas en persona. How to file 2010 taxes late   Puede encontrar una variedad de formularios, publicaciones y servicios en persona. How to file 2010 taxes late Antes de visitar, verifique los días, horas de operación, y los servicios prestados. How to file 2010 taxes late Productos. How to file 2010 taxes late Puede visitar diversas oficinas de correos, bibliotecas y oficinas del IRS para obtener formularios, instrucciones y publicaciones. How to file 2010 taxes late Algunas oficinas del IRS, bibliotecas, oficinas de gobiernos de ciudades y condados tienen una colección de productos que se pueden fotocopiar del documento original impreso. How to file 2010 taxes late Servicios. How to file 2010 taxes late Usted puede visitar su Centro de Ayuda al Contribuyente (TAC, por sus siglas en inglés) en Puerto Rico en la mayoría de los días laborables para recibir ayuda en persona con respecto a todo problema relacionado con las contribuciones. How to file 2010 taxes late Un empleado de esa oficina le puede contestar preguntas sobre su cuenta contributiva o le puede ayudar a establecer un plan de pagos. How to file 2010 taxes late Antes de visitar la oficina, verifique en www. How to file 2010 taxes late irs. How to file 2010 taxes late gov/uac/Contact-My-Local-Office-in-Puerto-Rico en IRS. How to file 2010 taxes late gov o la opción local offices, que se encuentra bajo la opción Contact Us, en IRS2Go para que verifique los días y las horas de operación y los servicios que dicha oficina provee. How to file 2010 taxes late Correo. How to file 2010 taxes late   Puede enviar su pedido para formularios, instrucciones y publicaciones a la dirección que aparece a continuación. How to file 2010 taxes late Recibirá una contestación dentro de 10 días laborables después de que recibamos su solicitud. How to file 2010 taxes late  Internal Revenue Service 1201 N. How to file 2010 taxes late Mitsubishi Motorway Bloomington, IL 61705-6613 Servicio del Defensor del Contribuyente. How to file 2010 taxes late   El Servicio del Defensor del Contribuyente está aquí para ayudarlo a usted. How to file 2010 taxes late El Servicio del Defensor del Contribuyente ( TAS , por sus siglas en inglés) es su voz ante el IRS. How to file 2010 taxes late Nuestro deber es asegurar que a cada contribuyente se le trate de forma justa, y que usted conozca y entienda sus derechos. How to file 2010 taxes late   ¿Qué puede hacer TAS por usted? Le ofrecemos ayuda gratuita para ayudarle a resolver problemas con el IRS que no ha podido resolver usted mismo. How to file 2010 taxes late Sabemos que este proceso puede ser confuso, pero, ¡lo peor que se puede hacer es no hacer nada! TAS le puede ayudar si usted no puede resolver su problema contributivo con el IRS y además: Su problema le causa dificultades financieras a usted, su familia o su negocio. How to file 2010 taxes late Usted (o su negocio) está enfrentando la amenaza de una acción adversa inmediata. How to file 2010 taxes late Usted ha intentado, vez tras vez, de comunicarse con el IRS, pero nadie le ha respondido, o si el IRS no le ha respondido para la fecha prometida. How to file 2010 taxes late   Si usted reúne los requisitos para recibir nuestra ayuda, se le asignará un defensor, quien estará a su lado en cada paso del camino y quien hará lo posible para resolver su problema. How to file 2010 taxes late Nosotros le podemos ayudar porque: TAS es una organización independiente dentro del IRS. How to file 2010 taxes late Nuestros servicios son gratuitos y se modifican para satisfacer la necesidades de usted. How to file 2010 taxes late Nuestros defensores saben cómo trabajar con el IRS. How to file 2010 taxes late   Tenemos oficinas en cada estado, el Distrito de Columbia y Puerto Rico. How to file 2010 taxes late que le ayudarán a entender sus derechos. How to file 2010 taxes late ¿Cómo se puede comunicar con nosotros? Si usted cree que TAS posiblemente le puede ayudar, llame a su defensor local, cuyo número telefónico se halla en el directorio telefónico y también en la página del Servicio del Defensor del Contribuyente, disponible en inglés. How to file 2010 taxes late O, nos puede llamar libre de cargos al 1-877-777-4778. How to file 2010 taxes late   ¿Además de esto, de qué otra manera ayuda TAS a los contribuyentes? TAS se ocupa de resolver problemas de gran escala o problemas sistémicos que afectan a muchos contribuyentes. How to file 2010 taxes late Si usted conoce alguno de estos asuntos, favor de informarnos a través del Sistema de Administración de la Defensa Sistémica, en inglés. How to file 2010 taxes late Clínicas para Contribuyentes de Bajos Recursos. How to file 2010 taxes late   El programa de Clínicas para Contribuyentes de Bajos Recursos (LITC, por sus siglas en inglés) sirve a las personas de escasos recursos con algún problema con el Servicio de Rentas Internas. How to file 2010 taxes late La mayoría de los LITCs proporcionan representación ante el IRS en auditorias, disputas por cobros y otros asuntos en forma gratuita o por un costo nominal. How to file 2010 taxes late Si el idioma materno de la persona no es inglés, algunas clínicas proporcionan información multilingüe respecto a los derechos y responsabilidades del contribuyente. How to file 2010 taxes late Visite el sitio www. How to file 2010 taxes late irs. How to file 2010 taxes late gov/Spanish/¡Clínicas-para-Contribuyentes-de-Bajos-Recursos! o vea la Publicación 4134(SP) – Lista de Clínicas para Contribuyentes de Bajos Recursos, que proporciona información respecto a las clínicas en su área. How to file 2010 taxes late Prev  Up  Next   Home   More Online Publications
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The How To File 2010 Taxes Late

How to file 2010 taxes late 4. How to file 2010 taxes late   Interest Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Allocation of InterestOrder of funds spent. How to file 2010 taxes late Payments from checking accounts. How to file 2010 taxes late Amounts paid within 30 days. How to file 2010 taxes late Optional method for determining date of reallocation. How to file 2010 taxes late Interest on a segregated account. How to file 2010 taxes late How to report. How to file 2010 taxes late Interest You Can DeductStatement. How to file 2010 taxes late Expenses paid to obtain a mortgage. How to file 2010 taxes late Prepayment penalty. How to file 2010 taxes late De minimis OID. How to file 2010 taxes late Constant-yield method. How to file 2010 taxes late Loan or mortgage ends. How to file 2010 taxes late Interest You Cannot DeductPenalties. How to file 2010 taxes late Who is a key person? Exceptions for pre-June 1997 contracts. How to file 2010 taxes late Interest allocated to unborrowed policy cash value. How to file 2010 taxes late Capitalization of Interest When To Deduct InterestPrepaid interest. How to file 2010 taxes late Discounted loan. How to file 2010 taxes late Refunds of interest. How to file 2010 taxes late Prepaid interest. How to file 2010 taxes late Discounted loan. How to file 2010 taxes late Tax deficiency. How to file 2010 taxes late Related person. How to file 2010 taxes late Below-Market LoansLimit on forgone interest for gift loans of $100,000 or less. How to file 2010 taxes late Introduction This chapter discusses the tax treatment of business interest expense. How to file 2010 taxes late Business interest expense is an amount charged for the use of money you borrowed for business activities. How to file 2010 taxes late Topics - This chapter discusses: Allocation of interest Interest you can deduct Interest you cannot deduct Capitalization of interest When to deduct interest Below-market loans Useful Items - You may want to see: Publication 537 Installment Sales 550 Investment Income and Expenses 936 Home Mortgage Interest Deduction Form (and Instructions) Sch A (Form 1040) Itemized Deductions Sch E (Form 1040) Supplemental Income and Loss Sch K-1 (Form 1065) Partner's Share of Income, Deductions, Credits, etc. How to file 2010 taxes late Sch K-1 (Form 1120S) Shareholder's Share of Income, Deductions, Credits, etc. How to file 2010 taxes late 1098 Mortgage Interest Statement 3115 Application for Change in Accounting Method 4952 Investment Interest Expense Deduction 8582 Passive Activity Loss Limitations See chapter 12 for information about getting publications and forms. How to file 2010 taxes late Allocation of Interest The rules for deducting interest vary, depending on whether the loan proceeds are used for business, personal, or investment activities. How to file 2010 taxes late If you use the proceeds of a loan for more than one type of expense, you must allocate the interest based on the use of the loan's proceeds. How to file 2010 taxes late Allocate your interest expense to the following categories. How to file 2010 taxes late Nonpassive trade or business activity interest Passive trade or business activity interest Investment interest Portfolio interest Personal interest In general, you allocate interest on a loan the same way you allocate the loan proceeds. How to file 2010 taxes late You allocate loan proceeds by tracing disbursements to specific uses. How to file 2010 taxes late The easiest way to trace disbursements to specific uses is to keep the proceeds of a particular loan separate from any other funds. How to file 2010 taxes late Secured loan. How to file 2010 taxes late   The allocation of loan proceeds and the related interest is not generally affected by the use of property that secures the loan. How to file 2010 taxes late Example. How to file 2010 taxes late You secure a loan with property used in your business. How to file 2010 taxes late You use the loan proceeds to buy an automobile for personal use. How to file 2010 taxes late You must allocate interest expense on the loan to personal use (purchase of the automobile) even though the loan is secured by business property. How to file 2010 taxes late    If the property that secures the loan is your home, you generally do not allocate the loan proceeds or the related interest. How to file 2010 taxes late The interest is usually deductible as qualified home mortgage interest, regardless of how the loan proceeds are used. How to file 2010 taxes late For more information, see Publication 936. How to file 2010 taxes late Allocation period. How to file 2010 taxes late   The period for which a loan is allocated to a particular use begins on the date the proceeds are used and ends on the earlier of the following dates. How to file 2010 taxes late The date the loan is repaid. How to file 2010 taxes late The date the loan is reallocated to another use. How to file 2010 taxes late Proceeds not disbursed to borrower. How to file 2010 taxes late   Even if the lender disburses the loan proceeds to a third party, the allocation of the loan is still based on your use of the funds. How to file 2010 taxes late This applies whether you pay for property, services, or anything else by incurring a loan, or you take property subject to a debt. How to file 2010 taxes late Proceeds deposited in borrower's account. How to file 2010 taxes late   Treat loan proceeds deposited in an account as property held for investment. How to file 2010 taxes late It does not matter whether the account pays interest. How to file 2010 taxes late Any interest you pay on the loan is investment interest expense. How to file 2010 taxes late If you withdraw the proceeds of the loan, you must reallocate the loan based on the use of the funds. How to file 2010 taxes late Example. How to file 2010 taxes late Celina, a calendar-year taxpayer, borrows $100,000 on January 4 and immediately uses the proceeds to open a checking account. How to file 2010 taxes late No other amounts are deposited in the account during the year and no part of the loan principal is repaid during the year. How to file 2010 taxes late On April 2, Celina uses $20,000 from the checking account for a passive activity expenditure. How to file 2010 taxes late On September 4, Celina uses an additional $40,000 from the account for personal purposes. How to file 2010 taxes late Under the interest allocation rules, the entire $100,000 loan is treated as property held for investment for the period from January 4 through April 1. How to file 2010 taxes late From April 2 through September 3, Celina must treat $20,000 of the loan as used in the passive activity and $80,000 of the loan as property held for investment. How to file 2010 taxes late From September 4 through December 31, she must treat $40,000 of the loan as used for personal purposes, $20,000 as used in the passive activity, and $40,000 as property held for investment. How to file 2010 taxes late Order of funds spent. How to file 2010 taxes late   Generally, you treat loan proceeds deposited in an account as used (spent) before either of the following amounts. How to file 2010 taxes late Any unborrowed amounts held in the same account. How to file 2010 taxes late Any amounts deposited after these loan proceeds. How to file 2010 taxes late Example. How to file 2010 taxes late On January 9, Olena opened a checking account, depositing $500 of the proceeds of Loan A and $1,000 of unborrowed funds. How to file 2010 taxes late The following table shows the transactions in her account during the tax year. How to file 2010 taxes late Date Transaction January 9 $500 proceeds of Loan A and $1,000 unborrowed funds deposited January 14 $500 proceeds of Loan B  deposited February 19 $800 used for personal purposes February 27 $700 used for passive activity June 19 $1,000 proceeds of Loan C  deposited November 20 $800 used for an investment December 18 $600 used for personal purposes Olena treats the $800 used for personal purposes as made from the $500 proceeds of Loan A and $300 of the proceeds of Loan B. How to file 2010 taxes late She treats the $700 used for a passive activity as made from the remaining $200 proceeds of Loan B and $500 of unborrowed funds. How to file 2010 taxes late She treats the $800 used for an investment as made entirely from the proceeds of Loan C. How to file 2010 taxes late She treats the $600 used for personal purposes as made from the remaining $200 proceeds of Loan C and $400 of unborrowed funds. How to file 2010 taxes late For the periods during which loan proceeds are held in the account, Olena treats them as property held for investment. How to file 2010 taxes late Payments from checking accounts. How to file 2010 taxes late   Generally, you treat a payment from a checking or similar account as made at the time the check is written if you mail or deliver it to the payee within a reasonable period after you write it. How to file 2010 taxes late You can treat checks written on the same day as written in any order. How to file 2010 taxes late Amounts paid within 30 days. How to file 2010 taxes late   If you receive loan proceeds in cash or if the loan proceeds are deposited in an account, you can treat any payment (up to the amount of the proceeds) made from any account you own, or from cash, as made from those proceeds. How to file 2010 taxes late This applies to any payment made within 30 days before or after the proceeds are received in cash or deposited in your account. How to file 2010 taxes late   If the loan proceeds are deposited in an account, you can apply this rule even if the rules stated earlier under Order of funds spent would otherwise require you to treat the proceeds as used for other purposes. How to file 2010 taxes late If you apply this rule to any payments, disregard those payments (and the proceeds from which they are made) when applying the rules stated under Order of funds spent. How to file 2010 taxes late   If you received the loan proceeds in cash, you can treat the payment as made on the date you received the cash instead of the date you actually made the payment. How to file 2010 taxes late Example. How to file 2010 taxes late Giovanni gets a loan of $1,000 on August 4 and receives the proceeds in cash. How to file 2010 taxes late Giovanni deposits $1,500 in an account on August 18 and on August 28 writes a check on the account for a passive activity expense. How to file 2010 taxes late Also, Giovanni deposits his paycheck, deposits other loan proceeds, and pays his bills during the same period. How to file 2010 taxes late Regardless of these other transactions, Giovanni can treat $1,000 of the deposit he made on August 18 as being paid on August 4 from the loan proceeds. How to file 2010 taxes late In addition, Giovanni can treat the passive activity expense he paid on August 28 as made from the $1,000 loan proceeds treated as deposited in the account. How to file 2010 taxes late Optional method for determining date of reallocation. How to file 2010 taxes late   You can use the following method to determine the date loan proceeds are reallocated to another use. How to file 2010 taxes late You can treat all payments from loan proceeds in the account during any month as taking place on the later of the following dates. How to file 2010 taxes late The first day of that month. How to file 2010 taxes late The date the loan proceeds are deposited in the account. How to file 2010 taxes late However, you can use this optional method only if you treat all payments from the account during the same calendar month in the same way. How to file 2010 taxes late Interest on a segregated account. How to file 2010 taxes late   If you have an account that contains only loan proceeds and interest earned on the account, you can treat any payment from that account as being made first from the interest. How to file 2010 taxes late When the interest earned is used up, any remaining payments are from loan proceeds. How to file 2010 taxes late Example. How to file 2010 taxes late You borrowed $20,000 and used the proceeds of this loan to open a new savings account. How to file 2010 taxes late When the account had earned interest of $867, you withdrew $20,000 for personal purposes. How to file 2010 taxes late You can treat the withdrawal as coming first from the interest earned on the account, $867, and then from the loan proceeds, $19,133 ($20,000 − $867). How to file 2010 taxes late All the interest charged on the loan from the time it was deposited in the account until the time of the withdrawal is investment interest expense. How to file 2010 taxes late The interest charged on the part of the proceeds used for personal purposes ($19,133) from the time you withdrew it until you either repay it or reallocate it to another use is personal interest expense. How to file 2010 taxes late The interest charged on the loan proceeds you left in the account ($867) continues to be investment interest expense until you either repay it or reallocate it to another use. How to file 2010 taxes late Loan repayment. How to file 2010 taxes late   When you repay any part of a loan allocated to more than one use, treat it as being repaid in the following order. How to file 2010 taxes late Personal use. How to file 2010 taxes late Investments and passive activities (other than those included in (3)). How to file 2010 taxes late Passive activities in connection with a rental real estate activity in which you actively participate. How to file 2010 taxes late Former passive activities. How to file 2010 taxes late Trade or business use and expenses for certain low-income housing projects. How to file 2010 taxes late Line of credit (continuous borrowings). How to file 2010 taxes late   The following rules apply if you have a line of credit or similar arrangement. How to file 2010 taxes late Treat all borrowed funds on which interest accrues at the same fixed or variable rate as a single loan. How to file 2010 taxes late Treat borrowed funds or parts of borrowed funds on which interest accrues at different fixed or variable rates as different loans. How to file 2010 taxes late Treat these loans as repaid in the order shown on the loan agreement. How to file 2010 taxes late Loan refinancing. How to file 2010 taxes late   Allocate the replacement loan to the same uses to which the repaid loan was allocated. How to file 2010 taxes late Make the allocation only to the extent you use the proceeds of the new loan to repay any part of the original loan. How to file 2010 taxes late Debt-financed distribution. How to file 2010 taxes late   A debt-financed distribution occurs when a partnership or S corporation borrows funds and allocates those funds to distributions made to partners or shareholders. How to file 2010 taxes late The manner in which you report the interest expense associated with the distributed debt proceeds depends on your use of those proceeds. How to file 2010 taxes late How to report. How to file 2010 taxes late   If the proceeds were used in a nonpassive trade or business activity, report the interest on Schedule E (Form 1040), line 28; enter “interest expense” and the name of the partnership or S corporation in column (a) and the amount in column (h). How to file 2010 taxes late If the proceeds were used in a passive activity, follow the Instructions for Form 8582, Passive Activity Loss Limitations, to determine the amount of interest expense that can be reported on Schedule E (Form 1040), line 28; enter “interest expense” and the name of the partnership in column (a) and the amount in column (f). How to file 2010 taxes late If the proceeds were used in an investment activity, enter the interest on Form 4952. How to file 2010 taxes late If the proceeds are used for personal purposes, the interest is generally not deductible. How to file 2010 taxes late Interest You Can Deduct You can generally deduct as a business expense all interest you pay or accrue during the tax year on debts related to your trade or business. How to file 2010 taxes late Interest relates to your trade or business if you use the proceeds of the loan for a trade or business expense. How to file 2010 taxes late It does not matter what type of property secures the loan. How to file 2010 taxes late You can deduct interest on a debt only if you meet all the following requirements. How to file 2010 taxes late You are legally liable for that debt. How to file 2010 taxes late Both you and the lender intend that the debt be repaid. How to file 2010 taxes late You and the lender have a true debtor-creditor relationship. How to file 2010 taxes late Partial liability. How to file 2010 taxes late   If you are liable for part of a business debt, you can deduct only your share of the total interest paid or accrued. How to file 2010 taxes late Example. How to file 2010 taxes late You and your brother borrow money. How to file 2010 taxes late You are liable for 50% of the note. How to file 2010 taxes late You use your half of the loan in your business, and you make one-half of the loan payments. How to file 2010 taxes late You can deduct your half of the total interest payments as a business deduction. How to file 2010 taxes late Mortgage. How to file 2010 taxes late   Generally, mortgage interest paid or accrued on real estate you own legally or equitably is deductible. How to file 2010 taxes late However, rather than deducting the interest currently, you may have to add it to the cost basis of the property as explained later under Capitalization of Interest. How to file 2010 taxes late Statement. How to file 2010 taxes late   If you paid $600 or more of mortgage interest (including certain points) during the year on any one mortgage, you generally will receive a Form 1098 or a similar statement. How to file 2010 taxes late You will receive the statement if you pay interest to a person (including a financial institution or a cooperative housing corporation) in the course of that person's trade or business. How to file 2010 taxes late A governmental unit is a person for purposes of furnishing the statement. How to file 2010 taxes late   If you receive a refund of interest you overpaid in an earlier year, this amount will be reported in box 3 of Form 1098. How to file 2010 taxes late You cannot deduct this amount. How to file 2010 taxes late For information on how to report this refund, see Refunds of interest, later in this chapter. How to file 2010 taxes late Expenses paid to obtain a mortgage. How to file 2010 taxes late   Certain expenses you pay to obtain a mortgage cannot be deducted as interest. How to file 2010 taxes late These expenses, which include mortgage commissions, abstract fees, and recording fees, are capital expenses. How to file 2010 taxes late If the property mortgaged is business or income-producing property, you can amortize the costs over the life of the mortgage. How to file 2010 taxes late Prepayment penalty. How to file 2010 taxes late   If you pay off your mortgage early and pay the lender a penalty for doing this, you can deduct the penalty as interest. How to file 2010 taxes late Interest on employment tax deficiency. How to file 2010 taxes late   Interest charged on employment taxes assessed on your business is deductible. How to file 2010 taxes late Original issue discount (OID). How to file 2010 taxes late   OID is a form of interest. How to file 2010 taxes late A loan (mortgage or other debt) generally has OID when its proceeds are less than its principal amount. How to file 2010 taxes late The OID is the difference between the stated redemption price at maturity and the issue price of the loan. How to file 2010 taxes late   A loan's stated redemption price at maturity is the sum of all amounts (principal and interest) payable on it other than qualified stated interest. How to file 2010 taxes late Qualified stated interest is stated interest that is unconditionally payable in cash or property (other than another loan of the issuer) at least annually over the term of the loan at a single fixed rate. How to file 2010 taxes late You generally deduct OID over the term of the loan. How to file 2010 taxes late Figure the amount to deduct each year using the constant-yield method, unless the OID on the loan is de minimis. How to file 2010 taxes late De minimis OID. How to file 2010 taxes late   The OID is de minimis if it is less than one-fourth of 1% (. How to file 2010 taxes late 0025) of the stated redemption price of the loan at maturity multiplied by the number of full years from the date of original issue to maturity (the term of the loan). How to file 2010 taxes late   If the OID is de minimis, you can choose one of the following ways to figure the amount you can deduct each year. How to file 2010 taxes late On a constant-yield basis over the term of the loan. How to file 2010 taxes late On a straight-line basis over the term of the loan. How to file 2010 taxes late In proportion to stated interest payments. How to file 2010 taxes late In its entirety at maturity of the loan. How to file 2010 taxes late You make this choice by deducting the OID in a manner consistent with the method chosen on your timely filed tax return for the tax year in which the loan is issued. How to file 2010 taxes late Example. How to file 2010 taxes late On January 1, 2013, you took out a $100,000 discounted loan and received $98,500 in proceeds. How to file 2010 taxes late The loan will mature on January 1, 2023 (a 10-year term), and the $100,000 principal is payable on that date. How to file 2010 taxes late Interest of $10,000 is payable on January 1 of each year, beginning January 1, 2014. How to file 2010 taxes late The $1,500 OID on the loan is de minimis because it is less than $2,500 ($100,000 × . How to file 2010 taxes late 0025 × 10). How to file 2010 taxes late You choose to deduct the OID on a straight-line basis over the term of the loan. How to file 2010 taxes late Beginning in 2013, you can deduct $150 each year for 10 years. How to file 2010 taxes late Constant-yield method. How to file 2010 taxes late   If the OID is not de minimis, you must use the constant-yield method to figure how much you can deduct each year. How to file 2010 taxes late You figure your deduction for the first year using the following steps. How to file 2010 taxes late Determine the issue price of the loan. How to file 2010 taxes late Generally, this equals the proceeds of the loan. How to file 2010 taxes late If you paid points on the loan (as discussed later), the issue price generally is the difference between the proceeds and the points. How to file 2010 taxes late Multiply the result in (1) by the yield to maturity. How to file 2010 taxes late Subtract any qualified stated interest payments from the result in (2). How to file 2010 taxes late This is the OID you can deduct in the first year. How to file 2010 taxes late   To figure your deduction in any subsequent year, follow the above steps, except determine the adjusted issue price in step (1). How to file 2010 taxes late To get the adjusted issue price, add to the issue price any OID previously deducted. How to file 2010 taxes late Then follow steps (2) and (3) above. How to file 2010 taxes late   The yield to maturity is generally shown in the literature you receive from your lender. How to file 2010 taxes late If you do not have this information, consult your lender or tax advisor. How to file 2010 taxes late In general, the yield to maturity is the discount rate that, when used in computing the present value of all principal and interest payments, produces an amount equal to the principal amount of the loan. How to file 2010 taxes late Example. How to file 2010 taxes late The facts are the same as in the previous example, except that you deduct the OID on a constant yield basis over the term of the loan. How to file 2010 taxes late The yield to maturity on your loan is 10. How to file 2010 taxes late 2467%, compounded annually. How to file 2010 taxes late For 2013, you can deduct $93 [($98,500 × . How to file 2010 taxes late 102467) − $10,000]. How to file 2010 taxes late For 2014, you can deduct $103 [($98,593 × . How to file 2010 taxes late 102467) − $10,000]. How to file 2010 taxes late Loan or mortgage ends. How to file 2010 taxes late   If your loan or mortgage ends, you may be able to deduct any remaining OID in the tax year in which the loan or mortgage ends. How to file 2010 taxes late A loan or mortgage may end due to a refinancing, prepayment, foreclosure, or similar event. How to file 2010 taxes late If you refinance with the original lender, you generally cannot deduct the remaining OID in the year in which the refinancing occurs, but you may be able to deduct it over the term of the new mortgage or loan. How to file 2010 taxes late See Interest paid with funds borrowed from original lender under Interest You Cannot Deduct, later. How to file 2010 taxes late Points. How to file 2010 taxes late   The term “points” is used to describe certain charges paid, or treated as paid, by a borrower to obtain a loan or a mortgage. How to file 2010 taxes late These charges are also called loan origination fees, maximum loan charges, discount points, or premium charges. How to file 2010 taxes late If any of these charges (points) are solely for the use of money, they are interest. How to file 2010 taxes late   Because points are prepaid interest, you generally cannot deduct the full amount in the year paid. How to file 2010 taxes late However, you can choose to fully deduct points in the year paid if you meet certain tests. How to file 2010 taxes late For exceptions to the general rule, see Publication 936. How to file 2010 taxes late The points reduce the issue price of the loan and result in original issue discount (OID), deductible as explained in the preceding discussion. How to file 2010 taxes late Partial payments on a nontax debt. How to file 2010 taxes late   If you make partial payments on a debt (other than a debt owed the IRS), the payments are applied, in general, first to interest and any remainder to principal. How to file 2010 taxes late You can deduct only the interest. How to file 2010 taxes late This rule does not apply when it can be inferred that the borrower and lender understood that a different allocation of the payments would be made. How to file 2010 taxes late Installment purchase. How to file 2010 taxes late   If you make an installment purchase of business property, the contract between you and the seller generally provides for the payment of interest. How to file 2010 taxes late If no interest or a low rate of interest is charged under the contract, a portion of the stated principal amount payable under the contract may be recharacterized as interest (unstated interest). How to file 2010 taxes late The amount recharacterized as interest reduces your basis in the property and increases your interest expense. How to file 2010 taxes late For more information on installment sales and unstated interest, see Publication 537. How to file 2010 taxes late Interest You Cannot Deduct Certain interest payments cannot be deducted. How to file 2010 taxes late In addition, certain other expenses that may seem to be interest but are not, cannot be deducted as interest. How to file 2010 taxes late You cannot currently deduct interest that must be capitalized, and you generally cannot deduct personal interest. How to file 2010 taxes late Interest paid with funds borrowed from original lender. How to file 2010 taxes late   If you use the cash method of accounting, you cannot deduct interest you pay with funds borrowed from the original lender through a second loan, an advance, or any other arrangement similar to a loan. How to file 2010 taxes late You can deduct the interest expense once you start making payments on the new loan. How to file 2010 taxes late   When you make a payment on the new loan, you first apply the payment to interest and then to the principal. How to file 2010 taxes late All amounts you apply to the interest on the first loan are deductible, along with any interest you pay on the second loan, subject to any limits that apply. How to file 2010 taxes late Capitalized interest. How to file 2010 taxes late   You cannot currently deduct interest you are required to capitalize under the uniform capitalization rules. How to file 2010 taxes late See Capitalization of Interest, later. How to file 2010 taxes late In addition, if you buy property and pay interest owed by the seller (for example, by assuming the debt and any interest accrued on the property), you cannot deduct the interest. How to file 2010 taxes late Add this interest to the basis of the property. How to file 2010 taxes late Commitment fees or standby charges. How to file 2010 taxes late   Fees you incur to have business funds available on a standby basis, but not for the actual use of the funds, are not deductible as interest payments. How to file 2010 taxes late You may be able to deduct them as business expenses. How to file 2010 taxes late   If the funds are for inventory or certain property used in your business, the fees are indirect costs and you generally must capitalize them under the uniform capitalization rules. How to file 2010 taxes late See Capitalization of Interest, later. How to file 2010 taxes late Interest on income tax. How to file 2010 taxes late   Interest charged on income tax assessed on your individual income tax return is not a business deduction even though the tax due is related to income from your trade or business. How to file 2010 taxes late Treat this interest as a business deduction only in figuring a net operating loss deduction. How to file 2010 taxes late Penalties. How to file 2010 taxes late   Penalties on underpaid deficiencies and underpaid estimated tax are not interest. How to file 2010 taxes late You cannot deduct them. How to file 2010 taxes late Generally, you cannot deduct any fines or penalties. How to file 2010 taxes late Interest on loans with respect to life insurance policies. How to file 2010 taxes late   You generally cannot deduct interest on a debt incurred with respect to any life insurance, annuity, or endowment contract that covers any individual unless that individual is a key person. How to file 2010 taxes late   If the policy or contract covers a key person, you can deduct the interest on up to $50,000 of debt for that person. How to file 2010 taxes late However, the deduction for any month cannot be more than the interest figured using Moody's Composite Yield on Seasoned Corporate Bonds (formerly known as Moody's Corporate Bond Yield Average-Monthly Average Corporates) (Moody's rate) for that month. How to file 2010 taxes late Who is a key person?   A key person is an officer or 20% owner. How to file 2010 taxes late However, the number of individuals you can treat as key persons is limited to the greater of the following. How to file 2010 taxes late Five individuals. How to file 2010 taxes late The lesser of 5% of the total officers and employees of the company or 20 individuals. How to file 2010 taxes late Exceptions for pre-June 1997 contracts. How to file 2010 taxes late   You can generally deduct the interest if the contract was issued before June 9, 1997, and the covered individual is someone other than an employee, officer, or someone financially interested in your business. How to file 2010 taxes late If the contract was purchased before June 21, 1986, you can generally deduct the interest no matter who is covered by the contract. How to file 2010 taxes late Interest allocated to unborrowed policy cash value. How to file 2010 taxes late   Corporations and partnerships generally cannot deduct any interest expense allocable to unborrowed cash values of life insurance, annuity, or endowment contracts. How to file 2010 taxes late This rule applies to contracts issued after June 8, 1997, that cover someone other than an officer, director, employee, or 20% owner. How to file 2010 taxes late For more information, see section 264(f) of the Internal Revenue Code. How to file 2010 taxes late Capitalization of Interest Under the uniform capitalization rules, you generally must capitalize interest on debt equal to your expenditures to produce real property or certain tangible personal property. How to file 2010 taxes late The property must be produced by you for use in your trade or business or for sale to customers. How to file 2010 taxes late You cannot capitalize interest related to property that you acquire in any other manner. How to file 2010 taxes late Interest you paid or incurred during the production period must be capitalized if the property produced is designated property. How to file 2010 taxes late Designated property is any of the following. How to file 2010 taxes late Real property. How to file 2010 taxes late Tangible personal property with a class life of 20 years or more. How to file 2010 taxes late Tangible personal property with an estimated production period of more than 2 years. How to file 2010 taxes late Tangible personal property with an estimated production period of more than 1 year if the estimated cost of production is more than $1 million. How to file 2010 taxes late Property you produce. How to file 2010 taxes late   You produce property if you construct, build, install, manufacture, develop, improve, create, raise, or grow it. How to file 2010 taxes late Treat property produced for you under a contract as produced by you up to the amount you pay or incur for the property. How to file 2010 taxes late Carrying charges. How to file 2010 taxes late   Carrying charges include taxes you pay to carry or develop real estate or to carry, transport, or install personal property. How to file 2010 taxes late You can choose to capitalize carrying charges not subject to the uniform capitalization rules if they are otherwise deductible. How to file 2010 taxes late For more information, see chapter 7. How to file 2010 taxes late Capitalized interest. How to file 2010 taxes late   Treat capitalized interest as a cost of the property produced. How to file 2010 taxes late You recover your interest when you sell or use the property. How to file 2010 taxes late If the property is inventory, recover capitalized interest through cost of goods sold. How to file 2010 taxes late If the property is used in your trade or business, recover capitalized interest through an adjustment to basis, depreciation, amortization, or other method. How to file 2010 taxes late Partnerships and S corporations. How to file 2010 taxes late   The interest capitalization rules are applied first at the partnership or S corporation level. How to file 2010 taxes late The rules are then applied at the partners' or shareholders' level to the extent the partnership or S corporation has insufficient debt to support the production or construction costs. How to file 2010 taxes late   If you are a partner or a shareholder, you may have to capitalize interest you incur during the tax year for the production costs of the partnership or S corporation. How to file 2010 taxes late You may also have to capitalize interest incurred by the partnership or S corporation for your own production costs. How to file 2010 taxes late To properly capitalize interest under these rules, you must be given the required information in an attachment to the Schedule K-1 you receive from the partnership or S corporation. How to file 2010 taxes late Additional information. How to file 2010 taxes late   The procedures for applying the uniform capitalization rules are beyond the scope of this publication. How to file 2010 taxes late For more information, see sections 1. How to file 2010 taxes late 263A-8 through 1. How to file 2010 taxes late 263A-15 of the regulations and Notice 88-99. How to file 2010 taxes late Notice 88-99 is in Cumulative Bulletin 1988-2. How to file 2010 taxes late When To Deduct Interest If the uniform capitalization rules, discussed under Capitalization of Interest, earlier, do not apply to you, deduct interest as follows. How to file 2010 taxes late Cash method. How to file 2010 taxes late   Under the cash method, you can generally deduct only the interest you actually paid during the tax year. How to file 2010 taxes late You cannot deduct a promissory note you gave as payment because it is a promise to pay and not an actual payment. How to file 2010 taxes late Prepaid interest. How to file 2010 taxes late   You generally cannot deduct any interest paid before the year it is due. How to file 2010 taxes late Interest paid in advance can be deducted only in the tax year in which it is due. How to file 2010 taxes late Discounted loan. How to file 2010 taxes late   If interest or a discount is subtracted from your loan proceeds, it is not a payment of interest and you cannot deduct it when you get the loan. How to file 2010 taxes late For more information, see Original issue discount (OID) under Interest You Can Deduct, earlier. How to file 2010 taxes late Refunds of interest. How to file 2010 taxes late   If you pay interest and then receive a refund in the same tax year of any part of the interest, reduce your interest deduction by the refund. How to file 2010 taxes late If you receive the refund in a later tax year, include the refund in your income to the extent the deduction for the interest reduced your tax. How to file 2010 taxes late Accrual method. How to file 2010 taxes late   Under an accrual method, you can deduct only interest that has accrued during the tax year. How to file 2010 taxes late Prepaid interest. How to file 2010 taxes late   See Prepaid interest, earlier. How to file 2010 taxes late Discounted loan. How to file 2010 taxes late   See Discounted loan, earlier. How to file 2010 taxes late Tax deficiency. How to file 2010 taxes late   If you contest a federal income tax deficiency, interest does not accrue until the tax year the final determination of liability is made. How to file 2010 taxes late If you do not contest the deficiency, then the interest accrues in the year the tax was asserted and agreed to by you. How to file 2010 taxes late   However, if you contest but pay the proposed tax deficiency and interest, and you do not designate the payment as a cash bond, then the interest is deductible in the year paid. How to file 2010 taxes late Related person. How to file 2010 taxes late   If you use an accrual method, you cannot deduct interest owed to a related person who uses the cash method until payment is made and the interest is includible in the gross income of that person. How to file 2010 taxes late The relationship is determined as of the end of the tax year for which the interest would otherwise be deductible. How to file 2010 taxes late See section 267 of the Internal Revenue Code for more information. How to file 2010 taxes late Below-Market Loans If you receive a below-market gift or demand loan and use the proceeds in your trade or business, you may be able to deduct the forgone interest. How to file 2010 taxes late See Treatment of gift and demand loans, later, in this discussion. How to file 2010 taxes late A below-market loan is a loan on which no interest is charged or on which interest is charged at a rate below the applicable federal rate. How to file 2010 taxes late A gift or demand loan that is a below-market loan generally is considered an arm's-length transaction in which you, the borrower, are considered as having received both the following. How to file 2010 taxes late A loan in exchange for a note that requires the payment of interest at the applicable federal rate. How to file 2010 taxes late An additional payment in an amount equal to the forgone interest. How to file 2010 taxes late The additional payment is treated as a gift, dividend, contribution to capital, payment of compensation, or other payment, depending on the substance of the transaction. How to file 2010 taxes late Forgone interest. How to file 2010 taxes late   For any period, forgone interest is The interest that would be payable for that period if interest accrued on the loan at the applicable federal rate and was payable annually on December 31, minus Any interest actually payable on the loan for the period. How to file 2010 taxes late Applicable federal rates are published by the IRS each month in the Internal Revenue Bulletin. How to file 2010 taxes late Internal Revenue Bulletins are available on the IRS web site at www. How to file 2010 taxes late irs. How to file 2010 taxes late gov/irb. How to file 2010 taxes late You can also contact an IRS office to get these rates. How to file 2010 taxes late Loans subject to the rules. How to file 2010 taxes late   The rules for below-market loans apply to the following. How to file 2010 taxes late Gift loans (below-market loans where the forgone interest is in the nature of a gift). How to file 2010 taxes late Compensation-related loans (below-market loans between an employer and an employee or between an independent contractor and a person for whom the contractor provides services). How to file 2010 taxes late Corporation-shareholder loans. How to file 2010 taxes late Tax avoidance loans (below-market loans where the avoidance of federal tax is one of the main purposes of the interest arrangement). How to file 2010 taxes late Loans to qualified continuing care facilities under a continuing care contract (made after October 11, 1985). How to file 2010 taxes late   Except as noted in (5) above, these rules apply to demand loans (loans payable in full at any time upon the lender's demand) outstanding after June 6, 1984, and to term loans (loans that are not demand loans) made after that date. How to file 2010 taxes late Treatment of gift and demand loans. How to file 2010 taxes late   If you receive a below-market gift loan or demand loan, you are treated as receiving an additional payment (as a gift, dividend, etc. How to file 2010 taxes late ) equal to the forgone interest on the loan. How to file 2010 taxes late You are then treated as transferring this amount back to the lender as interest. How to file 2010 taxes late These transfers are considered to occur annually, generally on December 31. How to file 2010 taxes late If you use the loan proceeds in your trade or business, you can deduct the forgone interest each year as a business interest expense. How to file 2010 taxes late The lender must report it as interest income. How to file 2010 taxes late Limit on forgone interest for gift loans of $100,000 or less. How to file 2010 taxes late   For gift loans between individuals, forgone interest treated as transferred back to the lender is limited to the borrower's net investment income for the year. How to file 2010 taxes late This limit applies if the outstanding loans between the lender and borrower total $100,000 or less. How to file 2010 taxes late If the borrower's net investment income is $1,000 or less, it is treated as zero. How to file 2010 taxes late This limit does not apply to a loan if the avoidance of any federal tax is one of the main purposes of the interest arrangement. How to file 2010 taxes late Treatment of term loans. How to file 2010 taxes late   If you receive a below-market term loan other than a gift or demand loan, you are treated as receiving an additional cash payment (as a dividend, etc. How to file 2010 taxes late ) on the date the loan is made. How to file 2010 taxes late This payment is equal to the loan amount minus the present value, at the applicable federal rate, of all payments due under the loan. How to file 2010 taxes late The same amount is treated as original issue discount on the loan. How to file 2010 taxes late See Original issue discount (OID) under Interest You Can Deduct, earlier. How to file 2010 taxes late Exceptions for loans of $10,000 or less. How to file 2010 taxes late   The rules for below-market loans do not apply to any day on which the total outstanding loans between the borrower and lender is $10,000 or less. How to file 2010 taxes late This exception applies only to the following. How to file 2010 taxes late Gift loans between individuals if the loan is not directly used to buy or carry income-producing assets. How to file 2010 taxes late Compensation-related loans or corporation-shareholder loans if the avoidance of any federal tax is not a principal purpose of the interest arrangement. How to file 2010 taxes late This exception does not apply to a term loan described in (2) above that was previously subject to the below-market loan rules. How to file 2010 taxes late Those rules will continue to apply even if the outstanding balance is reduced to $10,000 or less. How to file 2010 taxes late Exceptions for loans without significant tax effect. How to file 2010 taxes late   The following loans are specifically exempted from the rules for below-market loans because their interest arrangements do not have a significant effect on the federal tax liability of the borrower or the lender. How to file 2010 taxes late Loans made available by lenders to the general public on the same terms and conditions that are consistent with the lender's customary business practices. How to file 2010 taxes late Loans subsidized by a federal, state, or municipal government that are made available under a program of general application to the public. How to file 2010 taxes late Certain employee-relocation loans. How to file 2010 taxes late Certain loans to or from a foreign person, unless the interest income would be effectively connected with the conduct of a U. How to file 2010 taxes late S. How to file 2010 taxes late trade or business and not exempt from U. How to file 2010 taxes late S. How to file 2010 taxes late tax under an income tax treaty. How to file 2010 taxes late Any other loan if the taxpayer can show that the interest arrangement has no significant effect on the federal tax liability of the lender or the borrower. How to file 2010 taxes late Whether an interest arrangement has a significant effect on the federal tax liability of the lender or the borrower will be determined by all the facts and circumstances. How to file 2010 taxes late Consider all the following factors. How to file 2010 taxes late Whether items of income and deduction generated by the loan offset each other. How to file 2010 taxes late The amount of the items. How to file 2010 taxes late The cost of complying with the below-market loan provisions if they were to apply. How to file 2010 taxes late Any reasons, other than taxes, for structuring the transaction as a below-market loan. How to file 2010 taxes late Exception for loans to qualified continuing care facilities. How to file 2010 taxes late   The below-market interest rules do not apply to a loan owed by a qualified continuing care facility under a continuing care contract if the lender or lender's spouse is age 62 or older by the end of the calendar year. How to file 2010 taxes late A qualified continuing care facility is one or more facilities (excluding nursing homes) meeting the requirements listed below. How to file 2010 taxes late Designed to provide services under continuing care contracts (defined below). How to file 2010 taxes late Includes an independent living unit, and either an assisted living or nursing facility, or both. How to file 2010 taxes late Substantially all of the independent living unit residents are covered by continuing care contracts. How to file 2010 taxes late A continuing care contract is a written contract between an individual and a qualified continuing care facility that includes all of the following conditions. How to file 2010 taxes late The individual or individual's spouse must be entitled to use the facility for the rest of their life or lives. How to file 2010 taxes late The individual or individual's spouse will be provided with housing, as appropriate for the health of the individual or individual's spouse in an: independent living unit (which has additional available facilities outside the unit for the provision of meals and other personal care), and assisted living or nursing facility available in the continuing care facility. How to file 2010 taxes late The individual or individual's spouse will be provided with assisted living or nursing care available in the continuing care facility, as required for the health of the individual or the individual's spouse. How to file 2010 taxes late For more information, see section 7872(h) of the Internal Revenue Code. How to file 2010 taxes late Sale or exchange of property. How to file 2010 taxes late   Different rules generally apply to a loan connected with the sale or exchange of property. How to file 2010 taxes late If the loan does not provide adequate stated interest, part of the principal payment may be considered interest. How to file 2010 taxes late However, there are exceptions that may require you to apply the below-market interest rate rules to these loans. How to file 2010 taxes late See Unstated Interest and Original Issue Discount (OID) in Publication 537. How to file 2010 taxes late More information. How to file 2010 taxes late   For more information on below-market loans, see section 7872 of the Internal Revenue Code and section 1. How to file 2010 taxes late 7872-5 of the regulations. How to file 2010 taxes late Prev  Up  Next   Home   More Online Publications