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

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

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

3. E-File for FREE

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

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

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

How To File An Amended Tax Return For 2009

1040xHow To Amend My 2011 Tax ReturnFree Tax Filing Online 20111040ez 2011 InstructionsTax Filing 2014How To Amend A Tax Return 2010Where Can I File My State Taxes Online For Free2011taxesState Tax Forms FreeE File 2011 Taxes OnlineFiling An AmendmentFree Tax Software 2011Filing 2012 Tax ReturnWww Freefillableforms ComIrs E FileTax Form 1040x More:label_tax_20form_201040x More:bizfinanceFile 1040ez OnlineWhat Is An Amended Tax Return2012 Tax Forms 1040Irs 1040-ez 2014 InstructionsFree State Federal Tax Filing1040x For 2010Amending Your Tax ReturnAmendment To Taxes1040 Ez Form 2012Irs Tax ReturnFree 1040x Filing OnlineIrs Form 1040ez 20102011 Income Tax Forms1040 Tax Form 2012Irs FormsFree Turbo Tax 2008Tax Forms For Self EmployedAmended Tax Return 2011How To File My 2012 Tax Return2010 Income Tax FormsFederal Form 1040ezFile 1040nr Ez Online FreeIrs.gov Forms 1040xHow Do I File 2009 Taxes Online

How To File An Amended Tax Return For 2009

How to file an amended tax return for 2009 3. How to file an amended tax return for 2009   Self-Employment Tax Table of Contents Topics - This chapter discusses: Useful Items - You may want to see: Who Must Pay Self-Employment Tax?Employed by a U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Church Effect of Exclusion Members of the Clergy Income From U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Possessions Exemption From Social Security and Medicare Taxes Topics - This chapter discusses: Who must pay self-employment tax, and Who is exempt from self-employment tax. How to file an amended tax return for 2009 Useful Items - You may want to see: Publication 334 Tax Guide for Small Business 517 Social Security and Other Information for Members of the Clergy and Religious Workers Form (and Instructions) Form 1040-PR Planilla para la Declaración de la Contribución Federal sobre el Trabajo por Cuenta Propia Form 1040-SS U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Self-Employment Tax Return Form 4361 Application for Exemption From Self-Employment Tax for Use by Ministers, Members of Religious Orders and Christian Science Practitioners Schedule SE (Form 1040) Self-Employment Tax See chapter 7 for information about getting these publications and forms. How to file an amended tax return for 2009 Who Must Pay Self-Employment Tax? If you are a self-employed U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 citizen or resident, the rules for paying self-employment tax are generally the same whether you are living in the United States or abroad. How to file an amended tax return for 2009 The self-employment tax is a social security and Medicare tax on net earnings from self- employment. How to file an amended tax return for 2009 You must pay self-employment tax if your net earnings from self-employment are at least $400. How to file an amended tax return for 2009 For 2013, the maximum amount of net earnings from self-employment that is subject to the social security portion of the tax is $113,700. How to file an amended tax return for 2009 All net earnings are subject to the Medicare portion of the tax. How to file an amended tax return for 2009 Employed by a U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Church If you were employed by a U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 church or a qualified church-controlled organization that chose exemption from social security and Medicare taxes and you received wages of $108. How to file an amended tax return for 2009 28 or more from the organization, the amounts paid to you are subject to self-employment tax. How to file an amended tax return for 2009 However, you can choose to be exempt from social security and Medicare taxes if you are a member of a recognized religious sect. How to file an amended tax return for 2009 See Publication 517 for more information about church employees and self-employment tax. How to file an amended tax return for 2009 Effect of Exclusion You must take all of your self-employment income into account in figuring your net earnings from self-employment, even income that is exempt from income tax because of the foreign earned income exclusion. How to file an amended tax return for 2009 Example. How to file an amended tax return for 2009 You are in business abroad as a consultant and qualify for the foreign earned income exclusion. How to file an amended tax return for 2009 Your foreign earned income is $95,000, your business deductions total $27,000, and your net profit is $68,000. How to file an amended tax return for 2009 You must pay self-employment tax on all of your net profit, including the amount you can exclude from income. How to file an amended tax return for 2009 Members of the Clergy If you are a member of the clergy, you are treated as self-employed for self-employment tax purposes. How to file an amended tax return for 2009 Your U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 self-employment tax is based upon net earnings from self-employment figured without regard to the foreign earned income exclusion or the foreign housing exclusion. How to file an amended tax return for 2009 You can receive exemption from coverage for your ministerial duties if you conscientiously oppose public insurance due to religious reasons or if you oppose it due to the religious principles of your denomination. How to file an amended tax return for 2009 You must file Form 4361 to apply for this exemption. How to file an amended tax return for 2009 This subject is discussed in further detail in Publication 517. How to file an amended tax return for 2009 Income From U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Possessions If you are a U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 citizen or resident alien and you own and operate a business in Puerto Rico, Guam, the Commonwealth of the Northern Mariana Islands, American Samoa, or the U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Virgin Islands, you must pay tax on your net earnings from self-employment (if they are $400 or more) from those sources. How to file an amended tax return for 2009 You must pay the self-employment tax whether or not the income is exempt from U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 income taxes (or whether or not you otherwise must file a U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 income tax return). How to file an amended tax return for 2009 Unless your situation is described below, attach Schedule SE (Form 1040) to your U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 income tax return. How to file an amended tax return for 2009 If you do not have to file Form 1040 with the United States and you are a resident of any of the U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 possessions listed in the preceding paragraph, figure your self-employment tax on Form 1040-SS. How to file an amended tax return for 2009 Residents of Puerto Rico may file the Spanish-language Formulario 1040-PR. How to file an amended tax return for 2009 If you are not enclosing a check or money order, file your return with the: Department of the Treasury Internal Revenue Service Center Austin, TX 73301-0215 If you are enclosing a check or money order, file your return with the: Department of the Treasury P. How to file an amended tax return for 2009 O. How to file an amended tax return for 2009 Box 1303 Charlotte, NC 28201-1303 Exemption From Social Security and Medicare Taxes The United States may reach agreements with foreign countries to eliminate dual coverage and dual contributions (taxes) to social security systems for the same work. How to file an amended tax return for 2009 See Bilateral Social Security (Totalization) Agreements in chapter 2 under Social Security and Medicare Taxes. How to file an amended tax return for 2009 As a general rule, self-employed persons who are subject to dual taxation will only be covered by the social security system of the country where they reside. How to file an amended tax return for 2009 For more information on how any specific agreement affects self-employed persons, contact the United States Social Security Administration, as discussed under Bilateral Social Security (Totalization) Agreements in chapter 2. How to file an amended tax return for 2009 If your self-employment earnings should be exempt from foreign social security tax and subject only to U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 self-employment tax, you should request a certificate of coverage from the U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Social Security Administration, Office of International Programs. How to file an amended tax return for 2009 The certificate will establish your exemption from the foreign social security tax. How to file an amended tax return for 2009 Send the request to the: Social Security Administration Office of International Programs P. How to file an amended tax return for 2009 O. How to file an amended tax return for 2009 Box 17741 Baltimore, MD 21235-7741 Prev  Up  Next   Home   More Online Publications
Español

Consumer Protection Offices

City, county, regional, and state consumer offices offer a variety of important services. They might mediate complaints, conduct investigations, prosecute offenders of consumer laws, license and regulate professional service providers, provide educational materials and advocate for consumer rights. To save time, call before sending a written complaint. Ask if the office handles the type of complaint you have and if complaint forms are provided.

State Consumer Protection Offices

Vermont Agency of Agriculture, Food, and Markets

Website: Vermont Agency of Agriculture, Food, and Markets

Address: Vermont Agency of Agriculture, Food, and Markets
Food Safety and Consumer Protection
116 State St.
Montpelier, VT 05620

Phone Number: 802-828-2426

Vermont Office of the Attorney General

Website: Vermont Office of the Attorney General

Address: Vermont Office of the Attorney General
Consumer Assistance Program
146 University Pl.
Burlington, VT 05405

Phone Number: 802-656-3183

Toll-free: 1-800-649-2424 (VT)

Back to Top

Banking Authorities

The officials listed in this section regulate and supervise state-chartered banks. Many of them handle or refer problems and complaints about other types of financial institutions as well. Some also answer general questions about banking and consumer credit. If you are dealing with a federally chartered bank, check Federal Agencies.

Department of Financial Regulation

Website: Department of Financial Regulation

Address: Department of Financial Regulation
Banking Division
89 Main St.
Montpelier, VT 05620-3101

Phone Number: 802-828-3301

Toll-free: 1-888-568-4547 (VT)

Back to Top

Insurance Regulators

Each state has its own laws and regulations for each type of insurance. The officials listed in this section enforce these laws. Many of these offices can also provide you with information to help you make informed insurance buying decisions.

Department of Financial Regulation

Website: Department of Financial Regulation

Address: Department of Financial Regulation
Insurance Consumer Services
89 Main St.
Montpelier, VT 05620-3101

Phone Number: 802-828-3301

Toll-free: 1-800-964-1784 (VT)

Back to Top

Securities Administrators

Each state has its own laws and regulations for securities brokers and securities - including stocks, mutual funds, commodities, real estate, etc. The officials and agencies listed in this section enforce these laws and regulations. Many of these offices can also provide information to help you make informed investment decisions.

Department of Financial Regulation

Website: Department of Financial Regulation

Address: Department of Financial Regulation
Securities Division
89 Main St.
Montpelier, VT 05620-3101

Phone Number: 802-828-3301

Toll-free: 1-877-550-3907

Back to Top

Utility Commissions

State Utility Commissions regulate services and rates for gas, electricity and telephones within your state. In some states, the utility commissions regulate other services such as water, transportation, and the moving of household goods. Many utility commissions handle consumer complaints. Sometimes, if a number of complaints are received about the same utility matter, they will conduct investigations.

Public Service Board

Website: Public Service Board

Address: Public Service Board
112 State St., 4th Floor
Montpelier, VT 05620-2701

Phone Number: 802-828-2358

TTY: 1-800-253-0191 (VT)

Back to Top

The How To File An Amended Tax Return For 2009

How to file an amended tax return for 2009 Publication 721 - Main Content Table of Contents Part I General InformationRefund of Contributions Tax Withholding and Estimated Tax Filing Requirements Part II Rules for RetireesAnnuity starting date. How to file an amended tax return for 2009 Gross monthly rate. How to file an amended tax return for 2009 Your cost. How to file an amended tax return for 2009 Choosing a survivor annuity after retirement. How to file an amended tax return for 2009 Canceling a survivor annuity after retirement. How to file an amended tax return for 2009 Annuity starting date after 1986. How to file an amended tax return for 2009 Annuity starting date before 1987. How to file an amended tax return for 2009 Simplified Method General Rule Three-Year Rule Alternative Annuity Option Federal Gift Tax Retirement During the Past Year Reemployment After Retirement Nonresident Aliens Thrift Savings Plan Rollover Rules Distributions Used To Pay Insurance Premiums for Public Safety Officers How To Report Benefits Part III Rules for Disability Retirement and Credit for the Elderly or the DisabledDisability Annuity Other Benefits Credit for the Elderly or the Disabled Part IV Rules for Survivors of Federal EmployeesFERS Death Benefit CSRS or FERS Survivor Annuity Lump-Sum CSRS or FERS Payment Thrift Savings Plan Federal Estate Tax Part V Rules for Survivors of Federal RetireesCSRS or FERS Survivor Annuity Lump-Sum CSRS or FERS Payment Voluntary Contributions Thrift Savings Plan Federal Estate Tax Income Tax Deduction for Estate Tax Paid How To Get Tax HelpLow Income Taxpayer Clinics Part I General Information This part of the publication contains information that can apply to most recipients of civil service retirement benefits. How to file an amended tax return for 2009 Refund of Contributions If you leave federal government service or transfer to a job not under the CSRS or FERS and you are not eligible for an immediate annuity, you can choose to receive a refund of the money in your CSRS or FERS retirement account. How to file an amended tax return for 2009 The refund will include both regular and voluntary contributions you made to the fund, plus any interest payable. How to file an amended tax return for 2009 If the refund includes only your contributions, none of the refund is taxable. How to file an amended tax return for 2009 If it includes any interest, the interest is taxable unless you roll it over directly into another qualified plan or a traditional individual retirement arrangement (IRA). How to file an amended tax return for 2009 If you do not have the Office of Personnel Management (OPM) transfer the interest to an IRA or other plan in a direct rollover, tax will be withheld at a 20% rate. How to file an amended tax return for 2009 See Rollover Rules in Part II for information on how to make a rollover. How to file an amended tax return for 2009 Interest is not paid on contributions to the CSRS for service after 1956 unless your service was for more than 1 year but not more than 5 years. How to file an amended tax return for 2009 Therefore, many employees who withdraw their contributions under the CSRS do not get interest and do not owe any tax on their refund. How to file an amended tax return for 2009 If you do not roll over interest included in your refund, it may qualify as a lump-sum distribution eligible for capital gain treatment or the 10-year tax option. How to file an amended tax return for 2009 If you separate from service before the calendar year in which you reach age 55, it may be subject to an additional 10% tax on early distributions. How to file an amended tax return for 2009 For more information, see Lump-Sum Distributions and Tax on Early Distributions in Publication 575. How to file an amended tax return for 2009 A lump-sum distribution is eligible for capital gain treatment or the 10-year tax option only if the plan participant was born before January 2, 1936. How to file an amended tax return for 2009 Tax Withholding and Estimated Tax The CSRS or FERS annuity you receive is subject to federal income tax withholding, unless you choose not to have tax withheld. How to file an amended tax return for 2009 OPM will tell you how to make the choice. How to file an amended tax return for 2009 The choice for no withholding remains in effect until you change it. How to file an amended tax return for 2009 These withholding rules also apply to a disability annuity, whether received before or after minimum retirement age. How to file an amended tax return for 2009 If you choose not to have tax withheld, or if you do not have enough tax withheld, you may have to make estimated tax payments. How to file an amended tax return for 2009 You may owe a penalty if the total of your withheld tax and estimated tax does not cover most of the tax shown on your return. How to file an amended tax return for 2009 Generally, you will owe the penalty for 2014 if the additional tax you must pay with your return is $1,000 or more and more than 10% of the tax to be shown on your 2014 return. How to file an amended tax return for 2009 For more information, including exceptions to the penalty, see chapter 4 of Publication 505, Tax Withholding and Estimated Tax. How to file an amended tax return for 2009 Form CSA 1099R. How to file an amended tax return for 2009   Form CSA 1099R is mailed to you by OPM each year. How to file an amended tax return for 2009 It will show any tax you had withheld. How to file an amended tax return for 2009 File a copy of Form CSA 1099R with your tax return if any federal income tax was withheld. How to file an amended tax return for 2009    You also can view and download your Form CSA 1099R by visiting the OPM website at  www. How to file an amended tax return for 2009 servicesonline. How to file an amended tax return for 2009 opm. How to file an amended tax return for 2009 gov. How to file an amended tax return for 2009 To log in, you will need your retirement CSA claim number and your personal identification number. How to file an amended tax return for 2009 Choosing no withholding on payments outside the United States. How to file an amended tax return for 2009   The choice for no withholding generally cannot be made for annuity payments to be delivered outside the United States and its possessions. How to file an amended tax return for 2009   To choose no withholding if you are a U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 citizen or resident alien, you must provide OPM with your home address in the United States or its possessions. How to file an amended tax return for 2009 Otherwise, OPM has to withhold tax. How to file an amended tax return for 2009 For example, OPM must withhold if you provide a U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 address for a nominee, trustee, or agent (such as a bank) to whom the benefits are to be delivered, but you do not provide your own U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 home address. How to file an amended tax return for 2009   If you do not provide a home address in the United States or its possessions, you can choose not to have tax withheld only if you certify to OPM that you are not a U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 citizen, a U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 resident alien, or someone who left the United States to avoid tax. How to file an amended tax return for 2009 But if you so certify, you may be subject to the 30% flat rate withholding that applies to nonresident aliens. How to file an amended tax return for 2009 For details, see Publication 519, U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Tax Guide for Aliens. How to file an amended tax return for 2009 Withholding certificate. How to file an amended tax return for 2009   If you give OPM a Form W-4P-A, Election of Federal Income Tax Withholding, you can choose not to have tax withheld or you can choose to have tax withheld. How to file an amended tax return for 2009 The amount of tax withheld depends on your marital status, the number of withholding allowances, and any additional amount you designate to be withheld. How to file an amended tax return for 2009 If you do not make either of these choices, OPM must withhold as if you were married with three withholding allowances. How to file an amended tax return for 2009 To change the amount of tax withholding or to stop withholding, call OPM's Retirement Information Office at 1-888-767-6738 (customers within the local Washington, D. How to file an amended tax return for 2009 C. How to file an amended tax return for 2009 calling area must call 202-606-0500). How to file an amended tax return for 2009 No special form is needed. How to file an amended tax return for 2009 You will need your retirement CSA or CSF claim number, your social security number, and your personal identification number (PIN) when you call. How to file an amended tax return for 2009 If you have TTY/TDD equipment, call 1-855–887–4957. How to file an amended tax return for 2009 If you need a PIN, call OPM's Retirement Information Office. How to file an amended tax return for 2009 You also can change the amount of withholding or stop withholding online by visiting the OPM website at www. How to file an amended tax return for 2009 servicesonline. How to file an amended tax return for 2009 opm. How to file an amended tax return for 2009 gov. How to file an amended tax return for 2009 You will need your retirement CSA or CSF claim number and your PIN. How to file an amended tax return for 2009 Withholding from certain lump-sum payments. How to file an amended tax return for 2009   If you leave the federal government before becoming eligible to retire and you apply for a refund of your CSRS or FERS contributions, or you die without leaving a survivor eligible for an annuity, you or your beneficiary will receive a distribution of your contributions to the retirement plan plus any interest payable. How to file an amended tax return for 2009 Tax will be withheld at a 20% rate on the interest distributed. How to file an amended tax return for 2009 However, tax will not be withheld if you have OPM transfer (roll over) the interest directly to your traditional IRA or other qualified plan. How to file an amended tax return for 2009 If you have OPM transfer (roll over) the interest directly to a Roth IRA, the entire amount will be taxed in the current year. How to file an amended tax return for 2009 Because no income tax will be withheld at the time of the transfer, you may want to increase your withholding or pay estimated taxes. How to file an amended tax return for 2009 See Rollover Rules in Part II. How to file an amended tax return for 2009 If you receive only your contributions, no tax will be withheld. How to file an amended tax return for 2009 Withholding from Thrift Savings Plan payments. How to file an amended tax return for 2009   Generally, a distribution that you receive from the TSP is subject to federal income tax withholding. How to file an amended tax return for 2009 The amount withheld is: 20% if the distribution is an eligible rollover distribution, 10% if it is a nonperiodic distribution other than an eligible rollover distribution, or An amount determined as if you were married with three withholding allowances, unless you submit a withholding certificate (Form W-4P), if it is a periodic distribution. How to file an amended tax return for 2009  However, you usually can choose not to have tax withheld from TSP payments other than eligible rollover distributions. How to file an amended tax return for 2009 By January 31 after the end of the year in which you receive a distribution, the TSP will issue Form 1099-R showing the total distributions you received in the prior year and the amount of tax withheld. How to file an amended tax return for 2009   For a detailed discussion of withholding on distributions from the TSP, see Important Tax Information About Payments From Your TSP Account, available from your agency personnel office or from the TSP. How to file an amended tax return for 2009 The above document is also available in the “Forms & Publications” section of the TSP website at www. How to file an amended tax return for 2009 tsp. How to file an amended tax return for 2009 gov. How to file an amended tax return for 2009 Estimated tax. How to file an amended tax return for 2009   Generally, you must make estimated tax payments for 2014 if you expect to owe at least $1,000 in tax for 2014 (after subtracting your withholding and credits) and you expect your withholding and your credits to be less than the smaller of: 90% of the tax to be shown on your income tax return for 2014, or 100% of the tax shown on your 2013 income tax return (110% of that amount if the adjusted gross income shown on the return was more than $150,000 ($75,000 if your filing status for 2014 will be married filing separately)). How to file an amended tax return for 2009 The return must cover all 12 months. How to file an amended tax return for 2009   You do not have to pay estimated tax for 2014 if you were a U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 citizen or resident alien for all of 2013 and you had no tax liability for the full 12-month 2013 tax year. How to file an amended tax return for 2009   Publication 505 contains information that you can use to help you figure your estimated tax payments. How to file an amended tax return for 2009 Filing Requirements If your gross income, including the taxable part of your annuity, is less than a certain amount, you generally do not have to file a federal income tax return for that year. How to file an amended tax return for 2009 The gross income filing requirements for the tax year are in the instructions to Form 1040, 1040A, or 1040EZ. How to file an amended tax return for 2009 Children. How to file an amended tax return for 2009   If you are the surviving spouse of a federal employee or retiree and your monthly annuity check includes a survivor annuity for one or more children, each child's annuity counts as his or her own income (not yours) for federal income tax purposes. How to file an amended tax return for 2009   If your child can be claimed as a dependent, treat the taxable part of his or her annuity as unearned income when applying the filing requirements for dependents. How to file an amended tax return for 2009 Form CSF 1099R. How to file an amended tax return for 2009   Form CSF 1099R will be mailed to you by January 31 after the end of each tax year. How to file an amended tax return for 2009 It will show the total amount of the annuity you received in the past year. How to file an amended tax return for 2009 It also should show, separately, the survivor annuity for a child or children. How to file an amended tax return for 2009 Only the part that is each individual's survivor annuity should be shown on that individual's Form 1040 or 1040A. How to file an amended tax return for 2009   If your Form CSF 1099R does not show separately the amount paid to you for a child or children, attach a statement to your return, along with a copy of Form CSF 1099R, explaining why the amount shown on the tax return differs from the amount shown on Form CSF 1099R. How to file an amended tax return for 2009    You also can view and download your Form CSF 1099R by visiting the OPM website at  www. How to file an amended tax return for 2009 servicesonline. How to file an amended tax return for 2009 opm. How to file an amended tax return for 2009 gov. How to file an amended tax return for 2009 To log in you will need your retirement CSF claim number and personal identification number. How to file an amended tax return for 2009    You may request a Summary of Payments, showing the amounts paid to you for your child(ren), from OPM by calling OPM's Retirement Information Office at 1-888-767-6738 (customers within the local Washington, D. How to file an amended tax return for 2009 C. How to file an amended tax return for 2009 calling area must call 202-606-0500). How to file an amended tax return for 2009 You will need your CSF claim number and your social security number when you call. How to file an amended tax return for 2009 Taxable part of annuity. How to file an amended tax return for 2009   To find the taxable part of a retiree's annuity when applying the filing requirements, see the discussion in Part II, Rules for Retirees , or Part III, Rules for Disability Retirement and Credit for the Elderly or the Disabled , whichever applies. How to file an amended tax return for 2009 To find the taxable part of each survivor annuity when applying the filing requirements, see the discussion in Part IV, Rules for Survivors of Federal Employees , or Part V, Rules for Survivors of Federal Retirees , whichever applies. How to file an amended tax return for 2009 Part II Rules for Retirees This part of the publication is for retirees who retired on nondisability retirement. How to file an amended tax return for 2009 If you retired on disability before you reached your minimum retirement age, see Part III, Rules for Disability Retirement and Credit for the Elderly or the Disabled. How to file an amended tax return for 2009 However, on the day after you reach your minimum retirement age, use the rules in this section to report your disability retirement and begin recovering your cost. How to file an amended tax return for 2009 Annuity statement. How to file an amended tax return for 2009   The statement you received from OPM when your CSRS or FERS annuity was approved shows the commencing date (the annuity starting date), the gross monthly rate of your annuity benefit, and your total contributions to the retirement plan (your cost). How to file an amended tax return for 2009 You will use this information to figure the tax-free recovery of your cost. How to file an amended tax return for 2009 Annuity starting date. How to file an amended tax return for 2009   If you retire from federal government service on a regular annuity, your annuity starting date is the commencing date on your annuity statement from OPM. How to file an amended tax return for 2009 If something delays payment of your annuity, such as a late application for retirement, it does not affect the date your annuity begins to accrue or your annuity starting date. How to file an amended tax return for 2009 Gross monthly rate. How to file an amended tax return for 2009   This is the amount you were to get after any adjustment for electing a survivor's annuity or for electing the lump-sum payment under the alternative annuity option (if either applied) but before any deduction for income tax withholding, insurance premiums, etc. How to file an amended tax return for 2009 Your cost. How to file an amended tax return for 2009   Your monthly annuity payment contains an amount on which you have previously paid income tax. How to file an amended tax return for 2009 This amount represents part of your contributions to the retirement plan. How to file an amended tax return for 2009 Even though you did not receive the money that was contributed to the plan, it was included in your gross income for federal income tax purposes in the years it was taken out of your pay. How to file an amended tax return for 2009   The cost of your annuity is the total of your contributions to the retirement plan, as shown on your annuity statement from OPM. How to file an amended tax return for 2009 If you elected the alternative annuity option, it includes any deemed deposits and any deemed redeposits that were added to your lump-sum credit. How to file an amended tax return for 2009 (See Lump-sum credit under Alternative Annuity Option, later. How to file an amended tax return for 2009 )   If you repaid contributions that you had withdrawn from the retirement plan earlier, or if you paid into the plan to receive full credit for service not subject to retirement deductions, the entire repayment, including any interest, is a part of your cost. How to file an amended tax return for 2009 You cannot claim an interest deduction for any interest payments. How to file an amended tax return for 2009 You cannot treat these payments as voluntary contributions; they are considered regular employee contributions. How to file an amended tax return for 2009 Recovering your cost tax free. How to file an amended tax return for 2009   How you figure the tax-free recovery of the cost of your CSRS or FERS annuity depends on your annuity starting date. How to file an amended tax return for 2009 If your annuity starting date is before July 2, 1986, either the Three-Year Rule or the General Rule (both discussed later) applies to your annuity. How to file an amended tax return for 2009 If your annuity starting date is after July 1, 1986, and before November 19, 1996, you could have chosen to use either the General Rule or the Simplified Method (discussed later). How to file an amended tax return for 2009 If your annuity starting date is after November 18, 1996, you must use the Simplified Method. How to file an amended tax return for 2009   Under both the General Rule and the Simplified Method, each of your monthly annuity payments is made up of two parts: the tax-free part that is a return of your cost, and the taxable part that is the amount of each payment that is more than the part that represents your cost (unless such payment is used for purposes discussed under Distributions Used To Pay Insurance Premiums for Public Safety Officers , later). How to file an amended tax return for 2009 The tax-free part is a fixed dollar amount. How to file an amended tax return for 2009 It remains the same, even if your annuity is increased. How to file an amended tax return for 2009 Generally, this rule applies as long as you receive your annuity. How to file an amended tax return for 2009 However, see Exclusion limit , later. How to file an amended tax return for 2009 Choosing a survivor annuity after retirement. How to file an amended tax return for 2009    If you retired without a survivor annuity and report your annuity under the Simplified Method, do not change your tax-free monthly amount even if you later choose a survivor annuity. How to file an amended tax return for 2009   If you retired without a survivor annuity and report your annuity under the General Rule, you must figure the tax-free part of your annuity using a new exclusion percentage if you later choose a survivor annuity and take reduced annuity payments. How to file an amended tax return for 2009 To figure the new exclusion percentage, reduce your cost by the amount you previously recovered tax free. How to file an amended tax return for 2009 Figure the expected return as of the date the reduced annuity begins. How to file an amended tax return for 2009 For details on the General Rule, see Publication 939. How to file an amended tax return for 2009 Canceling a survivor annuity after retirement. How to file an amended tax return for 2009   If you retired with a survivor annuity payable to your spouse upon your death and you notify OPM that your marriage has ended, your annuity might be increased to remove the reduction for a survivor benefit. How to file an amended tax return for 2009 The increased annuity does not change the cost recovery you figured at the annuity starting date. How to file an amended tax return for 2009 The tax-free part of each annuity payment remains the same. How to file an amended tax return for 2009    For more information about choosing or canceling a survivor annuity after retirement, contact OPM's Retirement Information Office at 1-888-767-6738 (customers within the local Washington, D. How to file an amended tax return for 2009 C. How to file an amended tax return for 2009 calling area must call 202-606-0500). How to file an amended tax return for 2009 Exclusion limit. How to file an amended tax return for 2009   Your annuity starting date determines the total amount of annuity payments that you can exclude from income over the years. How to file an amended tax return for 2009 Annuity starting date after 1986. How to file an amended tax return for 2009   If your annuity starting date is after 1986, the total amount of annuity income that you (or the survivor annuitant) can exclude over the years as a return of your cost cannot exceed your total cost. How to file an amended tax return for 2009 Annuity payments you or your survivors receive after the total cost in the plan has been recovered are generally fully taxable. How to file an amended tax return for 2009 Example. How to file an amended tax return for 2009 Your annuity starting date is after 1986 and you exclude $100 a month under the Simplified Method. How to file an amended tax return for 2009 If your cost is $12,000, the exclusion ends after 10 years (120 months). How to file an amended tax return for 2009 Thereafter, your entire annuity is generally fully taxable. How to file an amended tax return for 2009 Annuity starting date before 1987. How to file an amended tax return for 2009   If your annuity starting date is before 1987, you can continue to take your monthly exclusion figured under the General Rule or Simplified Method for as long as you receive your annuity. How to file an amended tax return for 2009 If you chose a joint and survivor annuity, your survivor can continue to take that same exclusion. How to file an amended tax return for 2009 The total exclusion may be more than your cost. How to file an amended tax return for 2009 Deduction of unrecovered cost. How to file an amended tax return for 2009   If your annuity starting date is after July 1, 1986, and the cost of your annuity has not been fully recovered at your (or the survivor annuitant's) death, a deduction is allowed for the unrecovered cost. How to file an amended tax return for 2009 The deduction is claimed on your (or your survivor's) final tax return as a miscellaneous itemized deduction (not subject to the 2%-of-adjusted-gross-income limit). How to file an amended tax return for 2009 If your annuity starting date is before July 2, 1986, no tax benefit is allowed for any unrecovered cost at death. How to file an amended tax return for 2009 Simplified Method If your annuity starting date is after November 18, 1996, you must use the Simplified Method to figure the tax-free part of your CSRS or FERS annuity. How to file an amended tax return for 2009 (OPM has figured the taxable amount of your annuity shown on your Form CSA 1099R using the Simplified Method. How to file an amended tax return for 2009 ) You could have chosen to use either the Simplified Method or the General Rule if your annuity starting date is after July 1, 1986, but before November 19, 1996. How to file an amended tax return for 2009 The Simplified Method does not apply if your annuity starting date is before July 2, 1986. How to file an amended tax return for 2009 Under the Simplified Method, you figure the tax-free part of each full monthly payment by dividing your cost by a number of months based on your age. How to file an amended tax return for 2009 This number will differ depending on whether your annuity starting date is before November 19, 1996, or after November 18, 1996. How to file an amended tax return for 2009 If your annuity starting date is after 1997 and your annuity includes a survivor benefit for your spouse, this number is based on your combined ages. How to file an amended tax return for 2009 Worksheet A. How to file an amended tax return for 2009   Use Worksheet A. How to file an amended tax return for 2009 Simplified Method (near the end of this publication), to figure your taxable annuity. How to file an amended tax return for 2009 Be sure to keep the completed worksheet. How to file an amended tax return for 2009 It will help you figure your taxable amounts for later years. How to file an amended tax return for 2009 Instead of Worksheet A, you generally can use the Simplified Method Worksheet in the instructions for Form 1040, Form 1040A, or Form 1040NR to figure your taxable annuity. How to file an amended tax return for 2009 However, you must use Worksheet A and Worksheet B in this publication if you chose the alternative annuity option, discussed later. How to file an amended tax return for 2009 Line 2. How to file an amended tax return for 2009   See Your cost , earlier, for an explanation of your cost in the plan. How to file an amended tax return for 2009 If your annuity starting date is after November 18, 1996, and you chose the alternative annuity option (explained later), you must reduce your cost by the tax-free part of the lump-sum payment you received. How to file an amended tax return for 2009 Line 3. How to file an amended tax return for 2009   The number you enter on line 3 is the appropriate number from Table 1 or 2 representing approximate life expectancies in months. How to file an amended tax return for 2009 If your annuity starting date is after 1997, use: Table 1 for an annuity without a survivor benefit, or Table 2 for an annuity with a survivor benefit. How to file an amended tax return for 2009 If your annuity starting date is before 1998, use Table 1. How to file an amended tax return for 2009 Line 6. How to file an amended tax return for 2009   If you received contributions tax free before 2013, the amount previously recovered tax free that you must enter on line 6 is the total amount from line 10 of last year's worksheet. How to file an amended tax return for 2009 If your annuity starting date is before November 19, 1996, and you chose the alternative annuity option, this amount includes the tax-free part of the lump-sum payment you received. How to file an amended tax return for 2009 Example. How to file an amended tax return for 2009 Bill Smith retired from the Federal Government on March 31, 2013, under an annuity that will provide a survivor benefit for his wife, Kathy. How to file an amended tax return for 2009 His annuity starting date is April 1, 2013, the annuity is paid in arrears, and he received his first monthly annuity payment on May 1, 2013. How to file an amended tax return for 2009 He must use the Simplified Method to figure the tax-free part of his annuity benefits. How to file an amended tax return for 2009 Bill's monthly annuity benefit is $1,000. How to file an amended tax return for 2009 He had contributed $31,000 to his retirement plan and had received no distributions before his annuity starting date. How to file an amended tax return for 2009 At his annuity starting date, he was 65 and Kathy was 57. How to file an amended tax return for 2009 Bill's completed Worksheet A is shown later. How to file an amended tax return for 2009 To complete line 3, he used Table 2 at the bottom of the worksheet and found that 310 is the number in the second column opposite the age range that includes 122 (his and Kathy's combined ages). How to file an amended tax return for 2009 Bill keeps a copy of the completed worksheet for his records. How to file an amended tax return for 2009 It will help him (and Kathy, if she survives him) figure the taxable amount of the annuity in later years. How to file an amended tax return for 2009 Bill's tax-free monthly amount is $100. How to file an amended tax return for 2009 (See line 4 of the worksheet. How to file an amended tax return for 2009 ) If he lives to collect more than 310 monthly payments, he will generally have to include in his gross income the full amount of any annuity payments received after 310 payments have been made. How to file an amended tax return for 2009 If Bill does not live to collect 310 monthly payments and his wife begins to receive monthly payments, she also will exclude $100 from each monthly payment until 310 payments (Bill's and hers) have been collected. How to file an amended tax return for 2009 If she dies before 310 payments have been made, a miscellaneous itemized deduction (not subject to the 2%-of-adjusted- gross-income limit) will be allowed for the unrecovered cost on her final income tax return. How to file an amended tax return for 2009 General Rule If your annuity starting date is after November 18, 1996, you cannot use the General Rule to figure the tax-free part of your CSRS or FERS annuity. How to file an amended tax return for 2009 If your annuity starting date is after July 1, 1986, but before November 19, 1996, you could have chosen to use either the General Rule or the Simplified Method. How to file an amended tax return for 2009 If your annuity starting date is before July 2, 1986, you could have chosen to use the General Rule only if you could not use the Three-Year Rule. How to file an amended tax return for 2009 Under the General Rule, you figure the tax-free part of each full monthly payment by multiplying the initial gross monthly rate of your annuity by an exclusion percentage. How to file an amended tax return for 2009 Figuring this percentage is complex and requires the use of actuarial tables. How to file an amended tax return for 2009 For these tables and other information about using the General Rule, see Publication 939. How to file an amended tax return for 2009 Three-Year Rule If your annuity starting date was before July 2, 1986, you probably had to report your annuity using the Three-Year Rule. How to file an amended tax return for 2009 Under this rule, you excluded all the annuity payments from income until you fully recovered your cost. How to file an amended tax return for 2009 After your cost was recovered, all payments became fully taxable. How to file an amended tax return for 2009 You cannot use another rule to again exclude amounts from income. How to file an amended tax return for 2009 The Three-Year Rule was repealed for retirees whose annuity starting date is after July 1, 1986. How to file an amended tax return for 2009 Worksheet A. How to file an amended tax return for 2009 Simplified Method for Bill Smith See the instructions in Part II of this publication under Simplified Method. How to file an amended tax return for 2009 1. How to file an amended tax return for 2009 Enter the total pension or annuity payments received this year. How to file an amended tax return for 2009 Also, add this amount to the total for Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a 1. How to file an amended tax return for 2009 $ 8,000 2. How to file an amended tax return for 2009 Enter your cost in the plan at the annuity starting date, plus any death benefit exclusion*. How to file an amended tax return for 2009 See Your cost in Part II, Rules for Retirees, earlier 2. How to file an amended tax return for 2009 31,000 Note: If your annuity starting date was before this year and you completed this worksheet last year, skip line 3 and enter the amount from line 4 of last year's worksheet on line 4 below (even if the amount of your pension or annuity has changed). How to file an amended tax return for 2009 Otherwise, go to line 3. How to file an amended tax return for 2009   3. How to file an amended tax return for 2009 Enter the appropriate number from Table 1 below. How to file an amended tax return for 2009 But if your annuity starting date was after 1997 and the payments are for your life and that of your beneficiary, enter the appropriate number from Table 2 below. How to file an amended tax return for 2009 3. How to file an amended tax return for 2009 310 4. How to file an amended tax return for 2009 Divide line 2 by the number on line 3 4. How to file an amended tax return for 2009 100 5. How to file an amended tax return for 2009 Multiply line 4 by the number of months for which this year's payments were made. How to file an amended tax return for 2009 If your annuity starting date was before 1987, enter this amount on line 8 below and skip lines 6, 7, 10, and 11. How to file an amended tax return for 2009 Otherwise, go to line 6 5. How to file an amended tax return for 2009 800 6. How to file an amended tax return for 2009 Enter any amounts previously recovered tax free in years after 1986. How to file an amended tax return for 2009 This is the amount shown on line 10 of your worksheet for last year 6. How to file an amended tax return for 2009 0 7. How to file an amended tax return for 2009 Subtract line 6 from line 2 7. How to file an amended tax return for 2009 31,000 8. How to file an amended tax return for 2009 Enter the smaller of line 5 or line 7 8. How to file an amended tax return for 2009 800 9. How to file an amended tax return for 2009 Taxable amount for year. How to file an amended tax return for 2009 Subtract line 8 from line 1. How to file an amended tax return for 2009 Enter the result, but not less than zero. How to file an amended tax return for 2009 Also, add this amount to the total for Form 1040, line 16b, or Form 1040A, line 12b. How to file an amended tax return for 2009 If you are a nonresident alien, also enter this amount on line 1 of Worksheet C. How to file an amended tax return for 2009 If your Form CSA 1099R or Form CSF 1099R shows a larger amount, use the amount figured on this line instead. How to file an amended tax return for 2009 If you are a retired public safety officer, see Distributions Used To Pay Insurance Premiums for Public Safety Officers in Part II before entering an amount on your tax return or Worksheet C, line 1 9. How to file an amended tax return for 2009 $7,200 10. How to file an amended tax return for 2009 Was your annuity starting date before 1987?   Yes. How to file an amended tax return for 2009 Do not complete the rest of this worksheet. How to file an amended tax return for 2009    No. How to file an amended tax return for 2009 Add lines 6 and 8. How to file an amended tax return for 2009 This is the amount you have recovered tax free through 2013. How to file an amended tax return for 2009 You will need this number if you need to fill out this worksheet next year 10. How to file an amended tax return for 2009 800 11. How to file an amended tax return for 2009 Balance of cost to be recovered. How to file an amended tax return for 2009 Subtract line 10 from line 2. How to file an amended tax return for 2009 If zero, you will not have to complete this worksheet next year. How to file an amended tax return for 2009 The payments you receive next year will generally be fully taxable 11. How to file an amended tax return for 2009 $30,200 Table 1 for Line 3 Above    IF your age on your  annuity starting date was   AND your annuity starting date was—     before November 19, 1996,  THEN enter on line 3 after November 18, 1996,  THEN enter on line 3   55 or under 300 360   56–60 260 310   61–65 240 260   66–70 170 210   71 or over 120 160  Table 2 for Line 3 Above    IF the annuitants' combined ages on your annuity starting date were   THEN enter on line 3         110 or under   410         111–120   360         121–130   310         131–140   260         141 or over   210       * A death benefit exclusion of up to $5,000 applied to certain benefits received by survivors of employees who died before August 21, 1996. How to file an amended tax return for 2009 Alternative Annuity Option If you are eligible, you may choose an alternative form of annuity. How to file an amended tax return for 2009 If you make this choice, you will receive a lump-sum payment equal to your contributions to the plan and a reduced monthly annuity. How to file an amended tax return for 2009 You are eligible to make this choice if you meet all of the following requirements. How to file an amended tax return for 2009 You are retiring, but not on disability. How to file an amended tax return for 2009 You have a life-threatening illness or other critical medical condition. How to file an amended tax return for 2009 You do not have a former spouse entitled to court ordered benefits based on your service. How to file an amended tax return for 2009 If you are not eligible or do not choose this alternative annuity, you can skip the following discussion and go to Federal Gift Tax , later. How to file an amended tax return for 2009 Lump-Sum Payment The lump-sum payment you receive under the alternative annuity option generally has a tax-free part and a taxable part. How to file an amended tax return for 2009 The tax-free part represents part of your cost. How to file an amended tax return for 2009 The taxable part represents part of the earnings on your annuity contract. How to file an amended tax return for 2009 Your lump-sum credit (discussed later) may include a deemed deposit or redeposit that is treated as being included in your lump-sum payment even though you do not actually receive such amounts. How to file an amended tax return for 2009 Deemed deposits and redeposits, which are described later under Lump-sum credit , are taxable to you in the year of retirement. How to file an amended tax return for 2009 Your taxable amount may therefore be more than the lump-sum payment you receive. How to file an amended tax return for 2009 You must include the taxable part of the lump-sum payment in your income for the year you receive the payment unless you roll it over into another qualified plan or an IRA. How to file an amended tax return for 2009 If you do not have OPM transfer the taxable amount to an IRA or other plan in a direct rollover, tax will be withheld at a 20% rate. How to file an amended tax return for 2009 See Rollover Rules , later, for information on how to make a rollover. How to file an amended tax return for 2009 OPM can make a direct rollover only up to the amount of the lump-sum payment. How to file an amended tax return for 2009 Therefore, to defer tax on the full taxable amount if it is more than the payment, you must add funds from another source. How to file an amended tax return for 2009 The taxable part of the lump-sum payment does not qualify as a lump-sum distribution eligible for capital gain treatment or the 10-year tax option. How to file an amended tax return for 2009 It also may be subject to an additional 10% tax on early distributions if you separate from service before the calendar year in which you reach age 55, even if you reach age 55 in the year you receive the lump-sum payment. How to file an amended tax return for 2009 For more information, see Lump-Sum Distributions and Tax on Early Distributions in Publication 575. How to file an amended tax return for 2009 Worksheet B. How to file an amended tax return for 2009   Use Worksheet B. How to file an amended tax return for 2009 Lump-Sum Payment (near the end of this publication), to figure the taxable part of your lump-sum payment. How to file an amended tax return for 2009 Be sure to keep the completed worksheet for your records. How to file an amended tax return for 2009   To complete the worksheet, you will need to know the amount of your lump-sum credit and the present value of your annuity contract. How to file an amended tax return for 2009 Lump-sum credit. How to file an amended tax return for 2009   Generally, this is the same amount as the lump-sum payment you receive (the total of your contributions to the retirement system). How to file an amended tax return for 2009 However, for purposes of the alternative annuity option, your lump-sum credit also may include deemed deposits and redeposits that OPM advanced to your retirement account so that you are given credit for the service they represent. How to file an amended tax return for 2009 Deemed deposits (including interest) are for federal employment during which no retirement contributions were taken out of your pay. How to file an amended tax return for 2009 Deemed redeposits (including interest) are for any refunds of retirement contributions that you received and did not repay. How to file an amended tax return for 2009 You are treated as if you had received a lump-sum payment equal to the amount of your lump-sum credit and then had made a repayment to OPM of the advanced amounts. How to file an amended tax return for 2009 Present value of your annuity contract. How to file an amended tax return for 2009   The present value of your annuity contract is figured using actuarial tables provided by the IRS. How to file an amended tax return for 2009 If you are receiving a lump-sum payment under the Alternative Annuity Option, you can write to the address below to find out the present value of your annuity contract. How to file an amended tax return for 2009 Internal Revenue Service Attn: Actuarial Group 2 TE/GE SE:T:EP:RA:T:A2 NCA-629 1111 Constitution Ave. How to file an amended tax return for 2009 , NW Washington, DC 20224-0002 Example. How to file an amended tax return for 2009 David Brown retired from the federal government in 2013, one month after his 55th birthday. How to file an amended tax return for 2009 He had contributed $31,000 to his retirement plan and chose to receive a lump-sum payment of that amount under the alternative annuity option. How to file an amended tax return for 2009 The present value of his annuity contract was $155,000. How to file an amended tax return for 2009 The tax-free part and the taxable part of the lump-sum payment are figured using Worksheet B, as shown below. How to file an amended tax return for 2009 The taxable part ($24,800) is also his net cost in the plan, which is used to figure the taxable part of his reduced annuity payments. How to file an amended tax return for 2009 See Reduced Annuity , later. How to file an amended tax return for 2009 Worksheet B. How to file an amended tax return for 2009 Lump-Sum Payment for David Brown See the instructions in Part II of this publication under Alternative Annuity Option . How to file an amended tax return for 2009  1. How to file an amended tax return for 2009 Enter your lump-sum credit (your cost in the plan at the annuity starting date) 1. How to file an amended tax return for 2009 $ 31,000 2. How to file an amended tax return for 2009 Enter the present value of your annuity contract 2. How to file an amended tax return for 2009 155,000 3. How to file an amended tax return for 2009 Divide line 1 by line 2 3. How to file an amended tax return for 2009 . How to file an amended tax return for 2009 20 4. How to file an amended tax return for 2009 Tax-free amount. How to file an amended tax return for 2009 Multiply line 1 by line 3. How to file an amended tax return for 2009 (Caution: Do not include this amount on line 6 of Worksheet A in this publication. How to file an amended tax return for 2009 ) 4. How to file an amended tax return for 2009 $6,200 5. How to file an amended tax return for 2009 Taxable amount (net cost in the plan). How to file an amended tax return for 2009 Subtract line 4 from line 1. How to file an amended tax return for 2009 Include this amount in the total on Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b. How to file an amended tax return for 2009 Also, enter this amount on line 2 of Worksheet A in this publication. How to file an amended tax return for 2009 5. How to file an amended tax return for 2009 $24,800   Lump-sum payment in installments. How to file an amended tax return for 2009   If you choose the alternative annuity option, you usually will receive the lump-sum payment in two equal installments. How to file an amended tax return for 2009 You will receive the first installment after you make the choice upon retirement. How to file an amended tax return for 2009 The second installment will be paid to you, with interest, in the next calendar year. How to file an amended tax return for 2009 (Exceptions to the installment rule are provided for cases of critical medical need. How to file an amended tax return for 2009 )   Even though the lump-sum payment is made in installments, the overall tax treatment (explained at the beginning of this discussion) is the same as if the whole payment were paid at once. How to file an amended tax return for 2009 If the payment has a tax-free part, you must treat the taxable part as received first. How to file an amended tax return for 2009 How to report. How to file an amended tax return for 2009   Add any actual or deemed payment of your lump-sum credit (defined earlier) to the total for Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a. How to file an amended tax return for 2009 Add the taxable part to the total for Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b, unless you roll over the taxable part to your traditional IRA or a qualified retirement plan. How to file an amended tax return for 2009    If you receive the lump-sum payment in two installments, include any interest paid with the second installment on line 8a of either Form 1040 or Form 1040A, or on line 9a of Form 1040NR. How to file an amended tax return for 2009 Reduced Annuity If you have chosen to receive a lump-sum payment under the alternative annuity option, you also will receive reduced monthly annuity payments. How to file an amended tax return for 2009 These annuity payments each will have a tax-free and a taxable part. How to file an amended tax return for 2009 To figure the tax-free part of each annuity payment, you must use the Simplified Method (Worksheet A). How to file an amended tax return for 2009 For instructions on how to complete the worksheet, see Worksheet A under Simplified Method, earlier. How to file an amended tax return for 2009 To complete Worksheet A, line 2, you must reduce your cost in the plan by the tax-free part of the lump-sum payment you received. How to file an amended tax return for 2009 Enter as your net cost on line 2 the amount from Worksheet B, line 5. How to file an amended tax return for 2009 Do not include the tax-free part of the lump-sum payment with other amounts recovered tax free (Worksheet A, line 6) when limiting your total exclusion to your total cost. How to file an amended tax return for 2009 Example. How to file an amended tax return for 2009 The facts are the same as in the example for David Brown in the preceding discussion. How to file an amended tax return for 2009 In addition, David received 10 annuity payments in 2013 of $1,200 each. How to file an amended tax return for 2009 Using Worksheet A, he figures the taxable part of his annuity payments. How to file an amended tax return for 2009 He completes line 2 by reducing his $31,000 cost by the $6,200 tax-free part of his lump-sum payment. How to file an amended tax return for 2009 His entry on line 2 is his $24,800 net cost in the plan (the amount from Worksheet B, line 5). How to file an amended tax return for 2009 He does not include the tax-free part of his lump-sum payment on Worksheet A, line 6. How to file an amended tax return for 2009 David's filled-in Worksheet A is shown on the next page. How to file an amended tax return for 2009 Worksheet A. How to file an amended tax return for 2009 Simplified Method for David Brown See the instructions in Part II of this publication under Simplified Method . How to file an amended tax return for 2009 1. How to file an amended tax return for 2009 Enter the total pension or annuity payments received this year. How to file an amended tax return for 2009 Also, add this amount to the total for Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a 1. How to file an amended tax return for 2009 $ 12,000 2. How to file an amended tax return for 2009 Enter your cost in the plan at the annuity starting date, plus any death benefit exclusion*. How to file an amended tax return for 2009 See Your cost in Part II, Rules for Retirees, earlier 2. How to file an amended tax return for 2009 24,800 Note: If your annuity starting date was before this year and you completed this worksheet last year, skip line 3 and enter the amount from line 4 of last year's worksheet on line 4 below (even if the amount of your pension or annuity has changed). How to file an amended tax return for 2009 Otherwise, go to line 3. How to file an amended tax return for 2009   3. How to file an amended tax return for 2009 Enter the appropriate number from Table 1 below. How to file an amended tax return for 2009 But if your annuity starting date was after 1997 and the payments are for your life and that of your beneficiary, enter the appropriate number from Table 2 below. How to file an amended tax return for 2009 3. How to file an amended tax return for 2009 360 4. How to file an amended tax return for 2009 Divide line 2 by the number on line 3 4. How to file an amended tax return for 2009 68. How to file an amended tax return for 2009 89 5. How to file an amended tax return for 2009 Multiply line 4 by the number of months for which this year's payments were made. How to file an amended tax return for 2009 If your annuity starting date was before 1987, enter this amount on line 8 below and skip lines 6, 7, 10, and 11. How to file an amended tax return for 2009 Otherwise, go to line 6 5. How to file an amended tax return for 2009 688. How to file an amended tax return for 2009 90 6. How to file an amended tax return for 2009 Enter any amounts previously recovered tax free in years after 1986. How to file an amended tax return for 2009 This is the amount shown on line 10 of your worksheet for last year 6. How to file an amended tax return for 2009 0 7. How to file an amended tax return for 2009 Subtract line 6 from line 2 7. How to file an amended tax return for 2009 24,800 8. How to file an amended tax return for 2009 Enter the smaller of line 5 or line 7 8. How to file an amended tax return for 2009 688. How to file an amended tax return for 2009 90 9. How to file an amended tax return for 2009 Taxable amount for year. How to file an amended tax return for 2009 Subtract line 8 from line 1. How to file an amended tax return for 2009 Enter the result, but not less than zero. How to file an amended tax return for 2009 Also, add this amount to the total for Form 1040, line 16b, or Form 1040A, line 12b. How to file an amended tax return for 2009 If you are a nonresident alien, also enter this amount on line 1 of Worksheet C. How to file an amended tax return for 2009 If your Form CSA 1099R or Form CSF 1099R shows a larger amount, use the amount figured on this line instead. How to file an amended tax return for 2009 If you are a retired public safety officer, see Distributions Used To Pay Insurance Premiums for Public Safety Officers in Part II before entering an amount on your tax return or Worksheet C, line 1 9. How to file an amended tax return for 2009 $11,311. How to file an amended tax return for 2009 10 10. How to file an amended tax return for 2009 Was your annuity starting date before 1987?   Yes. How to file an amended tax return for 2009 Do not complete the rest of this worksheet. How to file an amended tax return for 2009    No. How to file an amended tax return for 2009 Add lines 6 and 8. How to file an amended tax return for 2009 This is the amount you have recovered tax free through 2013. How to file an amended tax return for 2009 You will need this number if you need to fill out this worksheet next year 10. How to file an amended tax return for 2009 688. How to file an amended tax return for 2009 90 11. How to file an amended tax return for 2009 Balance of cost to be recovered. How to file an amended tax return for 2009 Subtract line 10 from line 2. How to file an amended tax return for 2009 If zero, you will not have to complete this worksheet next year. How to file an amended tax return for 2009 The payments you receive next year will generally be fully taxable 11. How to file an amended tax return for 2009 $24,111. How to file an amended tax return for 2009 10 Table 1 for Line 3 Above    IF your age on your annuity starting date was   AND your annuity starting date was—     before November 19, 1996,  THEN enter on line 3 after November 18, 1996,  THEN enter on line 3   55 or under 300 360   56–60 260 310   61–65 240 260   66–70 170 210   71 or over 120 160  Table 2 for Line 3 Above    IF the annuitants' combined ages on your annuity starting date were   THEN enter on line 3         110 or under   410         111–120   360         121–130   310         131–140   260         141 or over   210       * A death benefit exclusion of up to $5,000 applied to certain benefits received by survivors of employees who died before August 21, 1996. How to file an amended tax return for 2009 Reemployment after choosing the alternative annuity option. How to file an amended tax return for 2009 If you chose this option when you retired and then you were reemployed by the Federal Government before retiring again, your Form CSA 1099R may show only the amount of your contributions to your retirement plan during your reemployment. How to file an amended tax return for 2009 If the amount on the form does not include all your contributions, disregard it and use your total contributions to figure the taxable part of your annuity payments. How to file an amended tax return for 2009 Annuity starting date before November 19, 1996. How to file an amended tax return for 2009   If your annuity starting date is before November 19, 1996, and you chose the alternative annuity option, the taxable and tax-free parts of your lump-sum payment and your annuity payments are figured using different rules. How to file an amended tax return for 2009 Under those rules, you do not reduce your cost in the plan (Worksheet A, line 2) by the tax-free part of the lump-sum payment. How to file an amended tax return for 2009 However, you must include that tax-free amount with other amounts previously recovered tax free (Worksheet A, line 6) when limiting your total exclusion to your total cost. How to file an amended tax return for 2009 Federal Gift Tax If, through the exercise or nonexercise of an election or option, you provide an annuity for your beneficiary at or after your death, you have made a gift. How to file an amended tax return for 2009 The gift may be taxable for gift tax purposes. How to file an amended tax return for 2009 The value of the gift is equal to the value of the annuity. How to file an amended tax return for 2009 Joint and survivor annuity. How to file an amended tax return for 2009   If the gift is an interest in a joint and survivor annuity where only you and your spouse can receive payments before the death of the last spouse to die, the gift generally will qualify for the unlimited marital deduction. How to file an amended tax return for 2009 This will eliminate any gift tax liability with regard to that gift. How to file an amended tax return for 2009   If you provide survivor annuity benefits for someone other than your current spouse, such as your former spouse, the unlimited marital deduction will not apply. How to file an amended tax return for 2009 This may result in a taxable gift. How to file an amended tax return for 2009 More information. How to file an amended tax return for 2009   For information about the gift tax, see Publication 950, Introduction to Estate and Gift Taxes, and Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return, and its instructions. How to file an amended tax return for 2009 Retirement During the Past Year If you have recently retired, the following discussions covering annual leave, voluntary contributions, and community property may apply to you. How to file an amended tax return for 2009 Annual leave. How to file an amended tax return for 2009   A payment for accrued annual leave received on retirement is a salary payment. How to file an amended tax return for 2009 It is taxable as wages in the tax year you receive it. How to file an amended tax return for 2009 Voluntary contributions. How to file an amended tax return for 2009   Voluntary contributions to the retirement fund are those made in addition to the regular contributions that were deducted from your salary. How to file an amended tax return for 2009 They also include the regular contributions withheld from your salary after you have the years of service necessary for the maximum annuity allowed by law. How to file an amended tax return for 2009 Voluntary contributions are not the same as employee contributions to the Thrift Savings Plan. How to file an amended tax return for 2009 See Thrift Savings Plan , later. How to file an amended tax return for 2009 Additional annuity benefit. How to file an amended tax return for 2009   If you choose to receive an additional annuity benefit from your voluntary contributions, it is treated separately from the annuity benefit that comes from the regular contributions deducted from your salary. How to file an amended tax return for 2009 This separate treatment applies for figuring the amounts to be excluded from, and included in, gross income. How to file an amended tax return for 2009 It does not matter that you receive only one monthly check covering both benefits. How to file an amended tax return for 2009 Each year you will receive a Form CSA 1099R that will show how much of your total annuity received in the past year was from each type of benefit. How to file an amended tax return for 2009   Figure the taxable and tax-free parts of your additional monthly benefits from voluntary contributions using the rules that apply to regular CSRS and FERS annuities, as explained earlier. How to file an amended tax return for 2009 Refund of voluntary contributions. How to file an amended tax return for 2009   If you choose to receive a refund of your voluntary contributions plus accrued interest, the interest is taxable to you in the tax year it is distributed unless you roll it over to a traditional IRA or another qualified retirement plan. How to file an amended tax return for 2009 If you do not have OPM transfer the interest to a traditional IRA or other qualified retirement plan in a direct rollover, tax will be withheld at a 20% rate. How to file an amended tax return for 2009 See Rollover Rules , later. How to file an amended tax return for 2009 The interest does not qualify as a lump-sum distribution eligible for capital gain treatment or the 10-year tax option. How to file an amended tax return for 2009 It also may be subject to an additional 10% tax on early distributions if you separate from service before the calendar year in which you reach age 55. How to file an amended tax return for 2009 For more information, see Lump-Sum Distributions and Tax on Early Distributions in Publication 575. How to file an amended tax return for 2009 Community property laws. How to file an amended tax return for 2009   State community property laws apply to your annuity. How to file an amended tax return for 2009 These laws will affect your income tax only if you file a return separately from your spouse. How to file an amended tax return for 2009   Generally, the determination of whether your annuity is separate income (taxable to you) or community income (taxable to both you and your spouse) is based on your marital status and domicile when you were working. How to file an amended tax return for 2009 Regardless of whether you are now living in a community property state or a noncommunity property state, your current annuity may be community income if it is based on services you performed while married and domiciled in a community property state. How to file an amended tax return for 2009   At any time, you have only one domicile even though you may have more than one home. How to file an amended tax return for 2009 Your domicile is your fixed and permanent legal home that you intend to use for an indefinite or unlimited period, and to which, when absent, you intend to return. How to file an amended tax return for 2009 The question of your domicile is mainly a matter of your intentions as indicated by your actions. How to file an amended tax return for 2009   If your annuity is a mixture of community income and separate income, you must divide it between the two kinds of income. How to file an amended tax return for 2009 The division is based on your periods of service and domicile in community and noncommunity property states while you were married. How to file an amended tax return for 2009   For more information, see Publication 555, Community Property. How to file an amended tax return for 2009 Reemployment After Retirement If you retired from federal service and are later rehired by the Federal Government as an employee, you can continue to receive your annuity during reemployment. How to file an amended tax return for 2009 The employing agency usually will pay you the difference between your salary for your period of reemployment and your annuity. How to file an amended tax return for 2009 This amount is taxable as wages. How to file an amended tax return for 2009 Your annuity will continue to be taxed just as it was before. How to file an amended tax return for 2009 If you are still recovering your cost, you continue to do so. How to file an amended tax return for 2009 If you have recovered your cost, the annuity you receive while you are reemployed generally is fully taxable. How to file an amended tax return for 2009 Nonresident Aliens The following special rules apply to nonresident alien federal employees performing services outside the United States and to nonresident alien retirees and beneficiaries. How to file an amended tax return for 2009 A nonresident alien is an individual who is not a citizen or a resident alien of the United States. How to file an amended tax return for 2009 Special rule for figuring your total contributions. How to file an amended tax return for 2009   Your contributions to the retirement plan (your cost) also include the government's contributions to the plan to a certain extent. How to file an amended tax return for 2009 You include government contributions that would not have been taxable to you at the time they were contributed if they had been paid directly to you. How to file an amended tax return for 2009 For example, government contributions would not have been taxable to you if, at the time made, your services were performed outside the United States. How to file an amended tax return for 2009 Thus, your cost is increased by these government contributions and the benefits that you, or your beneficiary, must include in income are reduced. How to file an amended tax return for 2009   This method of figuring your total contributions does not apply to any contributions the government made on your behalf after you became a citizen or a resident alien of the United States. How to file an amended tax return for 2009 Limit on taxable amount. How to file an amended tax return for 2009   There is a limit on the taxable amount of payments received from the CSRS, the FERS, or the TSP by a nonresident alien retiree or nonresident alien beneficiary. How to file an amended tax return for 2009 Figure this limited taxable amount by multiplying the otherwise taxable amount by a fraction. How to file an amended tax return for 2009 The numerator of the fraction is the retiree's total U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Government basic pay, other than tax-exempt pay for services performed outside the United States. How to file an amended tax return for 2009 The denominator is the retiree's total U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Government basic pay for all services. How to file an amended tax return for 2009    Basic pay includes regular pay plus any standby differential. How to file an amended tax return for 2009 It does not include bonuses, overtime pay, certain retroactive pay, uniform or other allowances, or lump-sum leave payments. How to file an amended tax return for 2009   To figure the limited taxable amount of your CSRS or FERS annuity or your TSP distributions, use Worksheet C. How to file an amended tax return for 2009 (For an annuity, first complete Worksheet A in this publication. How to file an amended tax return for 2009 ) Worksheet C. How to file an amended tax return for 2009 Limited Taxable Amount for Nonresident Alien 1. How to file an amended tax return for 2009 Enter the otherwise taxable amount of the CSRS or FERS annuity (from line 9 of Worksheet A or from Forms CSA 1099R or CSF 1099R) or TSP distributions (from Form 1099R) 1. How to file an amended tax return for 2009   2. How to file an amended tax return for 2009 Enter the total U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Government basic pay other than tax-exempt pay for services performed outside the United States 2. How to file an amended tax return for 2009   3. How to file an amended tax return for 2009 Enter the total U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Government basic pay for all services 3. How to file an amended tax return for 2009   4. How to file an amended tax return for 2009 Divide line 2 by line 3 4. How to file an amended tax return for 2009   5. How to file an amended tax return for 2009 Limited taxable amount. How to file an amended tax return for 2009 Multiply line 1 by line 4. How to file an amended tax return for 2009 Enter this amount on Form 1040NR, line 17b 5. How to file an amended tax return for 2009   Example 1. How to file an amended tax return for 2009 You are a nonresident alien who performed all services for the U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Government abroad as a nonresident alien. How to file an amended tax return for 2009 You retired and began to receive a monthly annuity of $200. How to file an amended tax return for 2009 Your total basic pay for all services for the U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Government was $100,000. How to file an amended tax return for 2009 All of your basic pay was tax exempt because it was not U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 source income. How to file an amended tax return for 2009 The taxable amount of your annuity using Worksheet A in this publication is $720. How to file an amended tax return for 2009 You are a nonresident alien, so you figure the limited taxable amount of your annuity using Worksheet C as follows. How to file an amended tax return for 2009 Worksheet C. How to file an amended tax return for 2009 Limited Taxable Amount for Nonresident Alien — Example 1 1. How to file an amended tax return for 2009 Enter the otherwise taxable amount of the CSRS or FERS annuity (from line 9 of Worksheet A or from Forms CSA 1099R or CSF 1099R) or TSP distributions (from Form 1099R) 1. How to file an amended tax return for 2009 $ 720 2. How to file an amended tax return for 2009 Enter the total U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Government basic pay other than tax-exempt pay for services performed outside the United States 2. How to file an amended tax return for 2009 0 3. How to file an amended tax return for 2009 Enter the total U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Government basic pay for all services 3. How to file an amended tax return for 2009 100,000 4. How to file an amended tax return for 2009 Divide line 2 by line 3 4. How to file an amended tax return for 2009 0 5. How to file an amended tax return for 2009 Limited taxable amount. How to file an amended tax return for 2009 Multiply line 1 by line 4. How to file an amended tax return for 2009 Enter this amount on Form 1040NR, line 17b 5. How to file an amended tax return for 2009 0 Example 2. How to file an amended tax return for 2009 You are a nonresident alien who performed services for the U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Government as a nonresident alien both within the United States and abroad. How to file an amended tax return for 2009 You retired and began to receive a monthly annuity of $240. How to file an amended tax return for 2009 Your total basic pay for your services for the U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Government was $120,000; $40,000 was for work done in the United States and $80,000 was for your work done in a foreign country. How to file an amended tax return for 2009 The part of your total basic pay for your work done in a foreign country was tax exempt because it was not U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 source income. How to file an amended tax return for 2009 The taxable amount of your annuity figured using Worksheet A in this publication is $1,980. How to file an amended tax return for 2009 You are a nonresident alien, so you figure the limited taxable amount of your annuity using Worksheet C as follows. How to file an amended tax return for 2009 Worksheet C. How to file an amended tax return for 2009 Limited Taxable Amount for Nonresident Alien — Example 2 1. How to file an amended tax return for 2009 Enter the otherwise taxable amount of the CSRS or FERS annuity (from line 9 of Worksheet A or from Forms CSA 1099R or CSF 1099R) or TSP distributions (from Form 1099R) 1. How to file an amended tax return for 2009 $ 1,980 2. How to file an amended tax return for 2009 Enter the total U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Government basic pay other than tax-exempt pay for services performed outside the United States 2. How to file an amended tax return for 2009 40,000 3. How to file an amended tax return for 2009 Enter the total U. How to file an amended tax return for 2009 S. How to file an amended tax return for 2009 Government basic pay for all services 3. How to file an amended tax return for 2009 120,000 4. How to file an amended tax return for 2009 Divide line 2 by line 3 4. How to file an amended tax return for 2009 . How to file an amended tax return for 2009 333 5. How to file an amended tax return for 2009 Limited taxable amount. How to file an amended tax return for 2009 Multiply line 1 by line 4. How to file an amended tax return for 2009 Enter this amount on Form 1040NR, line 17b 5. How to file an amended tax return for 2009 659 Thrift Savings Plan Generally, all of the money in your TSP account is taxed as ordinary income when you receive it. How to file an amended tax return for 2009 (However, see Roth TSP balance and Uniformed services TSP accounts, next. How to file an amended tax return for 2009 ) This is because neither the contributions to your traditional TSP balance nor its earnings have been included previously in your taxable income. How to file an amended tax return for 2009 The way that you withdraw your account balance determines when you must pay the tax. How to file an amended tax return for 2009 Roth TSP balance. How to file an amended tax return for 2009   The TSP also offers a Roth TSP option, which allows you to make after-tax contributions into your TSP account. How to file an amended tax return for 2009 This means Roth TSP contributions are included in your income. How to file an amended tax return for 2009 The contribution limits are the same as the traditional TSP. How to file an amended tax return for 2009 You can elect to have part or all of your TSP contributions designated as a Roth TSP. How to file an amended tax return for 2009 Agency contributions will be part of your traditional TSP balance. How to file an amended tax return for 2009 Also, you cannot roll over any portion of your traditional TSP into your Roth TSP. How to file an amended tax return for 2009   Qualified distributions from your Roth TSP are not included in income. How to file an amended tax return for 2009 This applies to both your cost in the account and income earned on that account. How to file an amended tax return for 2009 A qualified distribution is generally a distribution that is: Made after a 5-tax-year period of participation, and Made on or after the date you reach age 59½, made to a beneficiary or your estate on or after your death, or attributable to your being disabled. How to file an amended tax return for 2009   For more information, go to the TSP website, www. How to file an amended tax return for 2009 tsp. How to file an amended tax return for 2009 gov, or the TSP Service Office. How to file an amended tax return for 2009 See Publication 575, Pension and Annuity Income, for more information about designated Roth accounts. How to file an amended tax return for 2009 Uniformed services TSP accounts. How to file an amended tax return for 2009   If you have a uniformed services TSP account that includes contributions from combat zone pay, the distributions attributable to those contributions are tax exempt. How to file an amended tax return for 2009 However, any earnings on those contributions to a traditional TSP balance are subject to tax when they are distributed. How to file an amended tax return for 2009 See Roth TSP balance discussed previously to get more information about Roth contributions. How to file an amended tax return for 2009 The statement you receive from the TSP will separately state the total amount of your distribution and the amount of your taxable distribution for the year. How to file an amended tax return for 2009 You can get more information from the TSP website, www. How to file an amended tax return for 2009 tsp. How to file an amended tax return for 2009 gov, or the TSP Service Office. How to file an amended tax return for 2009 Direct rollover by the TSP. How to file an amended tax return for 2009   If you ask the TSP to transfer any part of the money in your account, from traditional contributions and its earnings, to a traditional IRA or other qualified retirement plan, the tax on that part is deferred until you receive payments from the traditional IRA or other plan. How to file an amended tax return for 2009 However, see the following Note for a discussion on direct rollovers by the TSP of Roth contributions and its earnings. How to file an amended tax return for 2009 Also, see Rollover Rules , later. How to file an amended tax return for 2009 Direct rollover by the TSP to a Roth IRA. How to file an amended tax return for 2009   If you ask the TSP to transfer any part of the money in your account, from traditional contributions and its earnings, to a Roth IRA, the amount transferred will be taxed in the current year. How to file an amended tax return for 2009 However, see the following Note for a discussion on direct rollovers by the TSP of Roth contributions and its earnings. How to file an amended tax return for 2009 Also, see Rollovers to Roth IRAs for more information, later. How to file an amended tax return for 2009 Note. How to file an amended tax return for 2009 A direct rollover of your Roth contributions and its earnings (if certain conditions are met, see Roth TSP balance , earlier) in your TSP account to a Roth 401(k), Roth 403(b), Roth 457(b), or Roth IRA are not subject to tax when they are transferred or when you receive payments from those accounts at a later date. How to file an amended tax return for 2009 This is because you already paid tax on those contributions. How to file an amended tax return for 2009 You cannot rollover Roth contributions and its earnings in your TSP account to a traditional IRA. How to file an amended tax return for 2009 TSP annuity. How to file an amended tax return for 2009   If you ask the TSP to buy an annuity with the money in your account, from traditional contributions and its earnings, the annuity payments are taxed when you receive them. How to file an amended tax return for 2009 The payments are not subject to the additional 10% tax on early distributions, even if you are under age 55 when they begin. How to file an amended tax return for 2009 However, there is no tax on the annuity payments if the annuity is purchased using the money in your account from Roth contributions and its earnings if certain conditions are met. How to file an amended tax return for 2009 See Roth TSP balance , earlier. How to file an amended tax return for 2009 This is because you already paid tax on those contributions. How to file an amended tax return for 2009 Cash withdrawals. How to file an amended tax return for 2009   If you withdraw any of the money in your TSP account, from traditional contributions and its earnings, it is generally taxed as ordinary income when you receive it unless you roll it over into a traditional IRA or other qualified plan. How to file an amended tax return for 2009 (See Rollover Rules , later. How to file an amended tax return for 2009 ) If you receive your entire TSP account balance in a single tax year, you may be able to use the 10-year tax option to figure your tax. How to file an amended tax return for 2009 See Lump-Sum Distributions in Publication 575 for details. How to file an amended tax return for 2009 However, there is no tax if you withdraw money in your TSP account from Roth contributions and its earnings if certain conditions are met. How to file an amended tax return for 2009 See Roth TSP balance , earlier. How to file an amended tax return for 2009    To qualify for the 10-year tax option, the plan participant must have been born before January 2, 1936. How to file an amended tax return for 2009   If you receive a single payment or you choose to receive your account balance in monthly payments over a period of less than 10 years, the TSP generally must withhold 20% for federal income tax. How to file an amended tax return for 2009 If you choose to receive your account balance in monthly payments over a period of 10 or more years or a period based on your life expectancy, the payments are subject to withholding as if you are married with three withholding allowances, unless you submit a withholding certificate. How to file an amended tax return for 2009 See also Withholding from Thrift Savings Plan payments earlier under Tax Withholding and Estimated Tax in Part I. How to file an amended tax return for 2009 However, there is no withholding requirement for amounts withdrawn from your TSP account that is from Roth contributions and its earnings, if certain conditions are met. How to file an amended tax return for 2009 See Roth TSP balance , earlier, for a discussion of those conditions. How to file an amended tax return for 2009 Tax on early distributions. How to file an amended tax return for 2009   Any money paid to you from your TSP account before you reach age 59½ may be subject to an additional 10% tax on early distributions. How to file an amended tax return for 2009 However, this additional tax does not apply in certain situations, including any of the following. How to file an amended tax return for 2009 You receive the distribution and separate from government service during or after the calendar year in which you reach age 55. How to file an amended tax return for 2009 You choose to receive your account balance in monthly payments based on your life expectancy. How to file an amended tax return for 2009 You are totally and permanently disabled. How to file an amended tax return for 2009 You receive amounts from your Roth contributions since that represents a return of your cost (after-tax money). How to file an amended tax return for 2009 The earnings may be subject to the 10% tax depending on whether you met certain conditions. How to file an amended tax return for 2009 See Roth TSP balance , earlier. How to file an amended tax return for 2009   For more information, see Tax on Early Distributions in Publication 575. How to file an amended tax return for 2009 Outstanding loan. How to file an amended tax return for 2009   If the TSP declares a distribution from your account because money you borrowed has not been repaid when you separate from government service, your account is reduced and the amount of the distribution (your unpaid loan balance and any unpaid interest), from traditional contributions and its earnings, is taxed in the year declared. How to file an amended tax return for 2009 The distribution also may be subject to the additional 10% tax on early distributions. How to file an amended tax return for 2009 However, the tax will be deferred if you make a rollover contribution to a traditional IRA or other qualified plan equal to the declared distribution amount. How to file an amended tax return for 2009 See Rollover Rules , later. How to file an amended tax return for 2009   If you withdraw any money from your TSP account in that same year, the TSP must withhold income tax of 20% of the total of the declared distribution and the amount withdrawn. How to file an amended tax return for 2009 However, no withholding is required for portions of the distribution that is from Roth contributions and its earnings, if certain conditions are met. How to file an amended tax return for 2009 See Roth TSP balance , earlier. How to file an amended tax return for 2009 More information. How to file an amended tax return for 2009   For more information about the TSP, see Summary of the Thrift Savings Plan, distributed to all federal employees. How to file an amended tax return for 2009 Also, see Important Tax Information About Payments From Your TSP Account and Special Tax Withholding Rules for Thrift Savings Plan Payments to Nonresident Aliens, which are available from your agency personnel office or from the TSP by calling 1-TSP-YOU-FIRST (1-877-968-3778) and for participants who are deaf, hard of hearing, or have a speech disability, call 1-TSP-THRIFT5 (1-877-847-4385). How to file an amended tax return for 2009    The above documents are also available on the TSP website at www. How to file an amended tax return for 2009 tsp. How to file an amended tax return for 2009 gov. How to file an amended tax return for 2009 Select “Forms & Publications. How to file an amended tax return for 2009 ” Rollover Rules Generally, a rollover is a tax-free withdrawal of cash or other assets from one qualified retirement plan or traditional IRA and its reinvestment in another qualified retirement plan or traditional IRA. How to file an amended tax return for 2009 You do not include the amount rolled over in your income, and you cannot take a deduction for it. How to file an amended tax return for 2009 The amount rolled over is taxed later as the new program pays that amount to you. How to file an amended tax return for 2009 If you roll over amounts into a traditional IRA, later distributions of these amounts from the traditional IRA do not qualify for the capital gain or the 10-year tax option. How to file an amended tax return for 2009 However, capital gain treatment or the 10-year tax option will be restored if the traditional IRA contains only amounts rolled over from a qualified plan and these amounts are rolled over from the traditional IRA into a qualified retirement plan. How to file an amended tax return for 2009 To qualify for the capital gain treatment or 10-year tax option, the plan participant must have been born before January 2, 1936. How to file an amended tax return for 2009 You can also roll over a distribution from a qualified retirement plan into a Roth IRA. How to file an amended tax return for 2009 Although the transfer of a distribution into a Roth IRA is considered a rollover for Roth IRA purposes, it is not a tax-free transfer unless you are rolling over amounts from Roth contributions and its earnings. How to file an amended tax return for 2009 See Rollovers to Roth IRAs , later, for more information. How to file an amended tax return for 2009 Qualified retirement plan. How to file an amended tax return for 2009   For this purpose, a qualified retirement plan generally is: A qualified employee plan, A qualified employee annuity, A tax-sheltered annuity plan (403(b) plan), or An eligible state or local government section 457 deferred compensation plan. How to file an amended tax return for 2009 The CSRS, FERS, and TSP are considered qualified retirement plans. How to file an amended tax return for 2009 Distributions eligible for rollover treatment. How to file an amended tax return for 2009   If you receive a refund of your CSRS or FERS contributions when you leave government service, you can roll over any interest you receive on the contributions. How to file an amended tax return for 2009 You cannot roll over any part of your CSRS or FERS annuity payments. How to file an amended tax return for 2009   You can roll over a distribution of any part of your TSP account balance except: A distribution of your account balance that you choose to receive in monthly payments over: Your life expectancy, The joint life expectancies of you and your beneficiary, or A period of 10 years or more, A required minimum distribution generally beginning at age 70½, A declared distribution because of an unrepaid loan, if you have not separated from government service (see Outstanding loan under Thrift Savings Plan, earlier), or A hardship distribution. How to file an amended tax return for 2009   In addition, a distribution to your beneficiary generally is not treated as an eligible rollover distribution. How to file an amended tax return for 2009 However, see Qualified domestic relations order (QDRO) and Rollovers by surviving spouse , and Rollovers by nonspouse beneficiary , later. How to file an amended tax return for 2009 Direct rollover option. How to file an amended tax return for 2009   You can choose to have the OPM or TSP transfer any part of an eligible rollover distribution directly to another qualified retirement plan that accepts rollover distributions or to a traditional IRA or Roth IRA. How to file an amended tax return for 2009   There is an automatic rollover requirement for mandatory distributions. How to file an amended tax return for 2009 A mandatory distribution is a distribution made without your consent and before you reach age 62 or normal retirement age, whichever is later. How to file an amended tax return for 2009 The automatic rollover requirement applies if the distribution is more than $1,000 and is an eligible rollover distribution. How to file an amended tax return for 2009 You can choose to have the distribution paid directly to you or rolled over directly to your traditional or Roth IRA or another qualified retirement plan. How to file an amended tax return for 2009 If you do not make this choice, OPM will automatically roll over the distribution into an IRA of a designated trustee or issuer. How to file an amended tax return for 2009 No tax withheld. How to file an amended tax return for 2009   If you choose the direct rollover option or have an automatic rollover, no tax will be withheld from any part of the distribution that is directly paid to the trustee of the other plan. How to file an amended tax return for 2009 However, if the rollover is to a Roth IRA, you may want to choose to have tax withheld since any amount rolled over is generally included in income. How to file an amended tax return for 2009 Any part of the eligible rollover distribution paid to you is subject to withholding at a 20% rate. How to file an amended tax return for 2009 Direct roll over amounts from Roth contributions and its earnings do not have tax withheld because you already paid tax on those amounts. How to file an amended tax return for 2009 Payment to you option. How to file an amended tax return for 2009   If an eligible rollover distribution is paid to you, the OPM or TSP must withhold 20% for income tax even if you plan to roll over the distribution to another qualified retirement plan, traditional or Roth IRA. How to file an amended tax return for 2009 However, the full amount is treated as distributed to you even though you actually receive only 80%. How to file an amended tax return for 2009 You generally must include in income any part (including the part withheld) that you do not roll over within 60 days to another qualified retirement plan or to a traditional IRA. How to file an amended tax return for 2009 Rollovers to Roth IRAs are generally included in income. How to file an amended tax return for 2009 Eligible rollover distributions that are from Roth contributions do not have tax withheld because you already paid tax on those amounts. How to file an amended tax return for 2009 If you leave government service before the calendar year in which you reach age 55 and are under age 59½ when a distribution is paid to you, you may have to pay an additional 10% tax on any part, including any tax withheld, that you do not roll over. How to file an amended tax return for 2009 However, distributions from Roth contributions will not be subject to the 10% additional tax because it is a return of your cost (after-tax money). How to file an amended tax return for 2009 Earnings from those contributions may be subject to the 10% additional tax if certain conditions are not met. How to file an amended tax return for 2009 See Roth TSP balance , earlier. How to file an amended tax return for 2009 Also, see Tax on Early Distributions in Publication 575. How to file an amended tax return for 2009 Exception to withholding. How to file an amended tax return for 2009   Withholding from an eligible rollover distribution paid to you is not required if the distributions for your tax year total less than $200. How to file an amended tax return for 2009 Partial rollovers. How to file an amended tax return for 2009   A lump-sum distribution may qualify for capital gain treatment or the 10-year tax option if the plan participant was born before January 2, 1936. How to file an amended tax return for 2009 See Lump-Sum Distributions in Publication 575. How to file an amended tax return for 2009 However, if you roll over any part of the distribution, the part you keep does not qualify for this special tax treatment. How to file an amended tax return for 2009 Rolling over more than amount received. How to file an amended tax return for 2009   If you want to roll over more of an eligible rollover distribution than the amount you received after income tax was withheld, you will have to add funds from some other source (such as your savings or borrowed amounts). How to file an amended tax return for 2009 Example. How to file an amended tax return for 2009 You left government service at age 53. How to file an amended tax return for 2009 On February 1, 2013, you receive an eligible rollover distribution of $10,000 from you