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Income Tax 2012 Forms

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Income Tax 2012 Forms

Income tax 2012 forms Publication 542 - Main Content Table of Contents Businesses Taxed as CorporationsPersonal services. Income tax 2012 forms Employee-owners. Income tax 2012 forms Other rules. Income tax 2012 forms Other rules. Income tax 2012 forms Property Exchanged for StockNonqualified preferred stock. Income tax 2012 forms Liabilities. Income tax 2012 forms Election to reduce basis. Income tax 2012 forms Capital Contributions Filing and Paying Income TaxesIncome Tax Return Penalties Estimated Tax U. Income tax 2012 forms S. Income tax 2012 forms Real Property Interest Accounting MethodsSection 481(a) adjustment. Income tax 2012 forms Accounting Periods Recordkeeping Income, Deductions, and Special ProvisionsCosts of Going Into Business Related Persons Income From Qualifying Shipping Activities Election to Expense Qualified Refinery Property Deduction to Comply With EPA Sulfur Regulations Energy-Efficient Commercial Building Property Deduction Corporate Preference Items Dividends-Received Deduction Extraordinary Dividends Below-Market Loans Charitable Contributions Capital Losses Net Operating Losses At-Risk Limits Passive Activity Limits Figuring TaxTax Rate Schedule Alternative Minimum Tax (AMT) Credits Recapture Taxes Accumulated Earnings Tax Distributions to ShareholdersMoney or Property Distributions Distributions of Stock or Stock Rights Constructive Distributions Reporting Dividends and Other Distributions How To Get Tax Help Businesses Taxed as Corporations The rules you must use to determine whether a business is taxed as a corporation changed for businesses formed after 1996. Income tax 2012 forms Business formed before 1997. Income tax 2012 forms   A business formed before 1997 and taxed as a corporation under the old rules will generally continue to be taxed as a corporation. Income tax 2012 forms Business formed after 1996. Income tax 2012 forms   The following businesses formed after 1996 are taxed as corporations. Income tax 2012 forms A business formed under a federal or state law that refers to it as a corporation, body corporate, or body politic. Income tax 2012 forms A business formed under a state law that refers to it as a joint-stock company or joint-stock association. Income tax 2012 forms An insurance company. Income tax 2012 forms Certain banks. Income tax 2012 forms A business wholly owned by a state or local government. Income tax 2012 forms A business specifically required to be taxed as a corporation by the Internal Revenue Code (for example, certain publicly traded partnerships). Income tax 2012 forms Certain foreign businesses. Income tax 2012 forms Any other business that elects to be taxed as a corporation. Income tax 2012 forms For example, a limited liability company (LLC) can elect to be treated as an association taxable as a corporation by filing Form 8832, Entity Classification Election. Income tax 2012 forms For more information about LLCs, see Publication 3402, Taxation of Limited Liability Companies. Income tax 2012 forms S corporations. Income tax 2012 forms   Some corporations may meet the qualifications for electing to be S corporations. Income tax 2012 forms For information on S corporations, see the instructions for Form 1120S, U. Income tax 2012 forms S. Income tax 2012 forms Income Tax Return for an S Corporation. Income tax 2012 forms Personal service corporations. Income tax 2012 forms   A corporation is a personal service corporation if it meets all of the following requirements. Income tax 2012 forms Its principal activity during the “testing period” is performing personal services (defined later). Income tax 2012 forms Generally, the testing period for any tax year is the prior tax year. Income tax 2012 forms If the corporation has just been formed, the testing period begins on the first day of its tax year and ends on the earlier of: The last day of its tax year, or The last day of the calendar year in which its tax year begins. Income tax 2012 forms Its employee-owners substantially perform the services in (1), above. Income tax 2012 forms This requirement is met if more than 20% of the corporation's compensation cost for its activities of performing personal services during the testing period is for personal services performed by employee-owners. Income tax 2012 forms Its employee-owners own more than 10% of the fair market value of its outstanding stock on the last day of the testing period. Income tax 2012 forms Personal services. Income tax 2012 forms   Personal services include any activity performed in the fields of accounting, actuarial science, architecture, consulting, engineering, health (including veterinary services), law, and the performing arts. Income tax 2012 forms Employee-owners. Income tax 2012 forms   A person is an employee-owner of a personal service corporation if both of the following apply. Income tax 2012 forms He or she is an employee of the corporation or performs personal services for, or on behalf of, the corporation (even if he or she is an independent contractor for other purposes) on any day of the testing period. Income tax 2012 forms He or she owns any stock in the corporation at any time during the testing period. Income tax 2012 forms Other rules. Income tax 2012 forms   For other rules that apply to personal service corporations see Accounting Periods, later. Income tax 2012 forms Closely held corporations. Income tax 2012 forms   A corporation is closely held if all of the following apply. Income tax 2012 forms It is not a personal service corporation. Income tax 2012 forms At any time during the last half of the tax year, more than 50% of the value of its outstanding stock is, directly or indirectly, owned by or for five or fewer individuals. Income tax 2012 forms “Individual” includes certain trusts and private foundations. Income tax 2012 forms Other rules. Income tax 2012 forms   For the at-risk rules that apply to closely held corporations, seeAt-Risk Limits, later. Income tax 2012 forms Property Exchanged for Stock If you transfer property (or money and property) to a corporation in exchange for stock in that corporation (other than nonqualified preferred stock, described later), and immediately afterward you are in control of the corporation, the exchange is usually not taxable. Income tax 2012 forms This rule applies both to individuals and to groups who transfer property to a corporation. Income tax 2012 forms It also applies whether the corporation is being formed or is already operating. Income tax 2012 forms It does not apply in the following situations. Income tax 2012 forms The corporation is an investment company. Income tax 2012 forms You transfer the property in a bankruptcy or similar proceeding in exchange for stock used to pay creditors. Income tax 2012 forms The stock is received in exchange for the corporation's debt (other than a security) or for interest on the corporation's debt (including a security) that accrued while you held the debt. Income tax 2012 forms Both the corporation and any person involved in a nontaxable exchange of property for stock must attach to their income tax returns a complete statement of all facts pertinent to the exchange. Income tax 2012 forms For more information, see section 1. Income tax 2012 forms 351-3 of the Regulations. Income tax 2012 forms Control of a corporation. Income tax 2012 forms   To be in control of a corporation, you or your group of transferors must own, immediately after the exchange, at least 80% of the total combined voting power of all classes of stock entitled to vote and at least 80% of the outstanding shares of each class of nonvoting stock. Income tax 2012 forms Example 1. Income tax 2012 forms You and Bill Jones buy property for $100,000. Income tax 2012 forms You both organize a corporation when the property has a fair market value of $300,000. Income tax 2012 forms You transfer the property to the corporation for all its authorized capital stock, which has a par value of $300,000. Income tax 2012 forms No gain is recognized by you, Bill, or the corporation. Income tax 2012 forms Example 2. Income tax 2012 forms You and Bill transfer the property with a basis of $100,000 to a corporation in exchange for stock with a fair market value of $300,000. Income tax 2012 forms This represents only 75% of each class of stock of the corporation. Income tax 2012 forms The other 25% was already issued to someone else. Income tax 2012 forms You and Bill recognize a taxable gain of $200,000 on the transaction. Income tax 2012 forms Services rendered. Income tax 2012 forms   The term property does not include services rendered or to be rendered to the issuing corporation. Income tax 2012 forms The value of stock received for services is income to the recipient. Income tax 2012 forms Example. Income tax 2012 forms You transfer property worth $35,000 and render services valued at $3,000 to a corporation in exchange for stock valued at $38,000. Income tax 2012 forms Right after the exchange, you own 85% of the outstanding stock. Income tax 2012 forms No gain is recognized on the exchange of property. Income tax 2012 forms However, you recognize ordinary income of $3,000 as payment for services you rendered to the corporation. Income tax 2012 forms Property of relatively small value. Income tax 2012 forms   The term property does not include property of a relatively small value when it is compared to the value of stock and securities already owned or to be received for services by the transferor if the main purpose of the transfer is to qualify for the nonrecognition of gain or loss by other transferors. Income tax 2012 forms   Property transferred will not be considered to be of relatively small value if its fair market value is at least 10% of the fair market value of the stock and securities already owned or to be received for services by the transferor. Income tax 2012 forms Stock received in disproportion to property transferred. Income tax 2012 forms   If a group of transferors exchange property for corporate stock, each transferor does not have to receive stock in proportion to his or her interest in the property transferred. Income tax 2012 forms If a disproportionate transfer takes place, it will be treated for tax purposes in accordance with its true nature. Income tax 2012 forms It may be treated as if the stock were first received in proportion and then some of it used to make gifts, pay compensation for services, or satisfy the transferor's obligations. Income tax 2012 forms Money or other property received. Income tax 2012 forms   If, in an otherwise nontaxable exchange of property for corporate stock, you also receive money or property other than stock, you may have to recognize gain. Income tax 2012 forms You must recognize gain only up to the amount of money plus the fair market value of the other property you receive. Income tax 2012 forms The rules for figuring the recognized gain in this situation generally follow those for a partially nontaxable exchange discussed in Publication 544 under Like-Kind Exchanges. Income tax 2012 forms If the property you give up includes depreciable property, the recognized gain may have to be reported as ordinary income from depreciation. Income tax 2012 forms See chapter 3 of Publication 544. Income tax 2012 forms No loss is recognized. Income tax 2012 forms Nonqualified preferred stock. Income tax 2012 forms   Nonqualified preferred stock is treated as property other than stock. Income tax 2012 forms Generally, it is preferred stock with any of the following features. Income tax 2012 forms The holder has the right to require the issuer or a related person to redeem or buy the stock. Income tax 2012 forms The issuer or a related person is required to redeem or buy the stock. Income tax 2012 forms The issuer or a related person has the right to redeem or buy the stock and, on the issue date, it is more likely than not that the right will be exercised. Income tax 2012 forms The dividend rate on the stock varies with reference to interest rates, commodity prices, or similar indices. Income tax 2012 forms For a detailed definition of nonqualified preferred stock, see section 351(g)(2) of the Internal Revenue Code. Income tax 2012 forms Liabilities. Income tax 2012 forms   If the corporation assumes your liabilities, the exchange generally is not treated as if you received money or other property. Income tax 2012 forms There are two exceptions to this treatment. Income tax 2012 forms If the liabilities the corporation assumes are more than your adjusted basis in the property you transfer, gain is recognized up to the difference. Income tax 2012 forms However, if the liabilities assumed give rise to a deduction when paid, such as a trade account payable or interest, no gain is recognized. Income tax 2012 forms If there is no good business reason for the corporation to assume your liabilities, or if your main purpose in the exchange is to avoid federal income tax, the assumption is treated as if you received money in the amount of the liabilities. Income tax 2012 forms For more information on the assumption of liabilities, see section 357(d) of the Internal Revenue Code. Income tax 2012 forms Example. Income tax 2012 forms You transfer property to a corporation for stock. Income tax 2012 forms Immediately after the transfer, you control the corporation. Income tax 2012 forms You also receive $10,000 in the exchange. Income tax 2012 forms Your adjusted basis in the transferred property is $20,000. Income tax 2012 forms The stock you receive has a fair market value (FMV) of $16,000. Income tax 2012 forms The corporation also assumes a $5,000 mortgage on the property for which you are personally liable. Income tax 2012 forms Gain is realized as follows. Income tax 2012 forms FMV of stock received $16,000 Cash received 10,000 Liability assumed by corporation 5,000 Total received $31,000 Minus: Adjusted basis of property transferred 20,000 Realized gain $11,000   The liability assumed is not treated as money or other property. Income tax 2012 forms The recognized gain is limited to $10,000, the cash received. Income tax 2012 forms Loss on exchange. Income tax 2012 forms   If you have a loss from an exchange and own, directly or indirectly, more than 50% of the corporation's stock, you cannot deduct the loss. Income tax 2012 forms For more information, see Nondeductible Loss under Sales and Exchanges Between Related Persons in chapter 2 of Publication 544. Income tax 2012 forms Basis of stock or other property received. Income tax 2012 forms   The basis of the stock you receive is generally the adjusted basis of the property you transfer. Income tax 2012 forms Increase this amount by any amount treated as a dividend, plus any gain recognized on the exchange. Income tax 2012 forms Decrease this amount by any cash you received, the fair market value of any other property you received, and any loss recognized on the exchange. Income tax 2012 forms Also decrease this amount by the amount of any liability the corporation or another party to the exchange assumed from you, unless payment of the liability gives rise to a deduction when paid. Income tax 2012 forms    Further decreases may be required when the corporation or another party to the exchange assumes from you a liability that gives rise to a deduction when paid, if the basis of the stock would otherwise be higher than its fair market value on the date of the exchange. Income tax 2012 forms This rule does not apply if the entity assuming the liability acquired either substantially all of the assets or the trade or business with which the liability is associated. Income tax 2012 forms The basis of any other property you receive is its fair market value on the date of the trade. Income tax 2012 forms Basis of property transferred. Income tax 2012 forms   A corporation that receives property from you in exchange for its stock generally has the same basis you had in the property, increased by any gain you recognized on the exchange. Income tax 2012 forms However, the increase for the gain recognized may be limited. Income tax 2012 forms For more information, see section 362 of the Internal Revenue Code. Income tax 2012 forms Election to reduce basis. Income tax 2012 forms   In a section 351 transaction, if the adjusted basis of the property transferred exceeds the property's fair market value, the transferor and transferee may make an irrevocable election to treat the basis of the stock received by the transferor as having a basis equal to the fair market value of the property transferred. Income tax 2012 forms The transferor and transferee make this election by attaching a statement to their tax returns filed by the due date (including extensions) for the tax year in which the transaction occurred. Income tax 2012 forms However, if the transferor makes the election by including the certification provided in Notice 2005-70, 2005-41, I. Income tax 2012 forms R. Income tax 2012 forms B. Income tax 2012 forms 694, on or with its tax return filed by the due date (including extensions), then no election need be made by the transferee. Income tax 2012 forms    For more information on making this election, see section 362(e)(2)(C) of the Internal Revenue Code, and Notice 2005-70. Income tax 2012 forms Capital Contributions This section explains the tax treatment of contributions from shareholders and nonshareholders. Income tax 2012 forms Paid-in capital. Income tax 2012 forms   Contributions to the capital of a corporation, whether or not by shareholders, are paid-in capital. Income tax 2012 forms These contributions are not taxable to the corporation. Income tax 2012 forms Basis. Income tax 2012 forms   The corporation's basis of property contributed to capital by a shareholder is the same as the basis the shareholder had in the property, increased by any gain the shareholder recognized on the exchange. Income tax 2012 forms However, the increase for the gain recognized may be limited. Income tax 2012 forms For more information, see Basis of property transferred, above, and section 362 of the Internal Revenue Code. Income tax 2012 forms   The basis of property contributed to capital by a person other than a shareholder is zero. Income tax 2012 forms   If a corporation receives a cash contribution from a person other than a shareholder, the corporation must reduce the basis of any property acquired with the contribution during the 12-month period beginning on the day it received the contribution by the amount of the contribution. Income tax 2012 forms If the amount contributed is more than the cost of the property acquired, then reduce, but not below zero, the basis of the other properties held by the corporation on the last day of the 12-month period in the following order. Income tax 2012 forms Depreciable property. Income tax 2012 forms Amortizable property. Income tax 2012 forms Property subject to cost depletion but not to percentage depletion. Income tax 2012 forms All other remaining properties. Income tax 2012 forms   Reduce the basis of property in each category to zero before going on to the next category. Income tax 2012 forms   There may be more than one piece of property in each category. Income tax 2012 forms Base the reduction of the basis of each property on the following ratio:   Basis of each piece of property   Bases of all properties (within that category) If the corporation wishes to make this adjustment in some other way, it must get IRS approval. Income tax 2012 forms The corporation files a request for approval with its income tax return for the tax year in which it receives the contribution. Income tax 2012 forms Filing and Paying Income Taxes The federal income tax is a pay-as-you-go tax. Income tax 2012 forms A corporation generally must make estimated tax payments as it earns or receives income during its tax year. Income tax 2012 forms After the end of the year, the corporation must file an income tax return. Income tax 2012 forms This section will help you determine when and how to pay and file corporate income taxes. Income tax 2012 forms For certain corporations affected by Presidentially declared disasters such as hurricanes, the due dates for filing returns, paying taxes, and performing other time-sensitive acts may be extended. Income tax 2012 forms The IRS may also forgive the interest and penalties on any underpaid tax for the length of any extension. Income tax 2012 forms For more information, visit www. Income tax 2012 forms irs. Income tax 2012 forms gov/newsroom/article/0,,id=108362. Income tax 2012 forms 00. Income tax 2012 forms Income Tax Return This section will help you determine when and how to report a corporation's income tax. Income tax 2012 forms Who must file. Income tax 2012 forms   Unless exempt under section 501 of the Internal Revenue Code, all domestic corporations in existence for any part of a tax year (including corporations in bankruptcy) must file an income tax return whether or not they have taxable income. Income tax 2012 forms Which form to file. Income tax 2012 forms   A corporation generally must file Form 1120, U. Income tax 2012 forms S. Income tax 2012 forms Corporation Income Tax Return, to report its income, gains, losses, deductions, credits, and to figure its income tax liability. Income tax 2012 forms Certain organizations and entities must file special returns. Income tax 2012 forms For more information, see Special Returns for Certain Organizations, in the Instructions for Form 1120. Income tax 2012 forms Electronic filing. Income tax 2012 forms   Corporations can generally electronically file (e-file) Form 1120 and certain related forms, schedules, and attachments. Income tax 2012 forms Certain corporations with total assets of $10 million or more, that file at least 250 returns a year must e-file Form 1120. Income tax 2012 forms However, in certain instances, these corporations can request a waiver. Income tax 2012 forms For more information regarding electronic filing, visit www. Income tax 2012 forms irs. Income tax 2012 forms gov/efile. Income tax 2012 forms When to file. Income tax 2012 forms   Generally, a corporation must file its income tax return by the 15th day of the 3rd month after the end of its tax year. Income tax 2012 forms A new corporation filing a short-period return must generally file by the 15th day of the 3rd month after the short period ends. Income tax 2012 forms A corporation that has dissolved must generally file by the 15th day of the 3rd month after the date it dissolved. Income tax 2012 forms Example 1. Income tax 2012 forms A corporation's tax year ends December 31. Income tax 2012 forms It must file its income tax return by March 15th. Income tax 2012 forms Example 2. Income tax 2012 forms A corporation's tax year ends June 30. Income tax 2012 forms It must file its income tax return by September 15th. Income tax 2012 forms   If the due date falls on a Saturday, Sunday, or legal holiday, the due date is extended to the next business day. Income tax 2012 forms Extension of time to file. Income tax 2012 forms   File Form 7004, Application for Automatic Extension of Time To File Certain Business Income Tax, Information and Other Returns, to request an extension of time to file a corporation income tax return. Income tax 2012 forms The IRS will grant the extension if you complete the form properly, file it, and pay any tax due by the original due date for the return. Income tax 2012 forms   Form 7004 does not extend the time for paying the tax due on the return. Income tax 2012 forms Interest, and possibly penalties, will be charged on any part of the final tax due not shown as a balance due on Form 7004. Income tax 2012 forms The interest is figured from the original due date of the return to the date of payment. Income tax 2012 forms   For more information, see the instructions for Form 7004. Income tax 2012 forms How to pay your taxes. Income tax 2012 forms   A corporation must pay its tax due in full no later than the 15th day of the 3rd month after the end of its tax year. Income tax 2012 forms Electronic Federal Tax Payment System (EFTPS). Income tax 2012 forms   Corporations generally must use EFTPS to make deposits of all tax liabilities (including social security, Medicare, withheld income, excise, and corporate income taxes). Income tax 2012 forms For more information on EFTPS and enrollment, visit www. Income tax 2012 forms eftps. Income tax 2012 forms gov or call 1-800-555-4477. Income tax 2012 forms Also see Publication 966, The Secure Way to Pay Your Federal Taxes. Income tax 2012 forms Note. Income tax 2012 forms Forms 8109 and 8109-B, Federal Tax Deposit Coupon, can no longer be used to make federal tax deposits. Income tax 2012 forms Penalties Generally, if the corporation receives a notice about interest and penalties after it files its return, send the IRS an explanation and we will determine if the corporation meets reasonable-cause criteria. Income tax 2012 forms Do not attach an explanation when the corporation's return is filed. Income tax 2012 forms See the instructions for your income tax return. Income tax 2012 forms Late filing of return. Income tax 2012 forms    A corporation that does not file its tax return by the due date, including extensions, may be penalized 5% of the unpaid tax for each month or part of a month the return is late, up to a maximum of 25% of the unpaid tax. Income tax 2012 forms If the corporation is charged a penalty for late payment of tax (discussed next) for the same period of time, the penalty for late filing is reduced by the amount of the penalty for late payment. Income tax 2012 forms The minimum penalty for a return that is over 60 days late is the smaller of the tax due or $100. Income tax 2012 forms The penalty will not be imposed if the corporation can show the failure to file on time was due to a reasonable cause. Income tax 2012 forms Late payment of tax. Income tax 2012 forms    A corporation that does not pay the tax when due may be penalized ½ of 1% of the unpaid tax for each month or part of a month the tax is not paid, up to a maximum of 25% of the unpaid tax. Income tax 2012 forms The penalty will not be imposed if the corporation can show that the failure to pay on time was due to a reasonable cause. Income tax 2012 forms Trust fund recovery penalty. Income tax 2012 forms   If income, social security, and Medicare taxes that a corporation must withhold from employee wages are not withheld or are not deposited or paid to the United States Treasury, the trust fund recovery penalty may apply. Income tax 2012 forms The penalty is the full amount of the unpaid trust fund tax. Income tax 2012 forms This penalty may apply to you if these unpaid taxes cannot be immediately collected from the business. Income tax 2012 forms   The trust fund recovery penalty may be imposed on all persons who are determined by the IRS to be responsible for collecting, accounting for, and paying these taxes, and who acted willfully in not doing so. Income tax 2012 forms   A responsible person can be an officer or employee of a corporation, an accountant, or a volunteer director/trustee. Income tax 2012 forms A responsible person also may include one who signs checks for the corporation or otherwise has authority to cause the spending of business funds. Income tax 2012 forms   Willfully means voluntarily, consciously, and intentionally. Income tax 2012 forms A responsible person acts willfully if the person knows the required actions are not taking place. Income tax 2012 forms   For more information on withholding and paying these taxes, see Publication 15 (Circular E), Employer's Tax Guide, and Publication 51, (Circular A), Agricultural Employer's Tax Guide. Income tax 2012 forms Other penalties. Income tax 2012 forms   Other penalties can be imposed for negligence, substantial understatement of tax, reportable transaction understatements, and fraud. Income tax 2012 forms See sections 6662, 6662A, and 6663 of the Internal Revenue Code. Income tax 2012 forms Estimated Tax Generally, a corporation must make installment payments if it expects its estimated tax for the year to be $500 or more. Income tax 2012 forms If the corporation does not pay the installments when they are due, it could be subject to an underpayment penalty. Income tax 2012 forms This section will explain how to avoid this penalty. Income tax 2012 forms When to pay estimated tax. Income tax 2012 forms   Installment payments are due by the 15th day of the 4th, 6th, 9th, and 12th months of the corporation's tax year. Income tax 2012 forms Example 1. Income tax 2012 forms Your corporation's tax year ends December 31. Income tax 2012 forms Installment payments are due on April 15, June 15, September 15, and December 15. Income tax 2012 forms Example 2. Income tax 2012 forms Your corporation's tax year ends June 30. Income tax 2012 forms Installment payments are due on October 15, December 15, March 15, and June 15. Income tax 2012 forms   If any due date falls on a Saturday, Sunday, or legal holiday, the installment is due on the next business day. Income tax 2012 forms How to figure each required installment. Income tax 2012 forms   Use Form 1120-W, Estimated Tax for Corporations, as a worksheet to figure each required installment of estimated tax. Income tax 2012 forms You will generally use one of the following two methods to figure each required installment. Income tax 2012 forms You should use the method that yields the smallest installment payments. Income tax 2012 forms Note. Income tax 2012 forms In these discussions, “return” generally refers to the corporation's original return. Income tax 2012 forms However, an amended return is considered the original return if it is filed by the due date (including extensions) of the original return. Income tax 2012 forms Method 1. Income tax 2012 forms   Each required installment is 25% of the income tax the corporation will show on its return for the current year. Income tax 2012 forms Method 2. Income tax 2012 forms   Each required installment is 25% of the income tax shown on the corporation's return for the previous year. Income tax 2012 forms   To use Method 2: The corporation must have filed a return for the previous year, The return must have been for a full 12 months, and The return must have shown a positive tax liability (not zero). Income tax 2012 forms Also, if the corporation is a large corporation, it can use Method 2 to figure the first installment only. Income tax 2012 forms   See the Instructions for Form 1120-W, for the definition of a large corporation and other special rules for large corporations. Income tax 2012 forms Other methods. Income tax 2012 forms   If a corporation's income is expected to vary during the year because, for example, its business is seasonal, it may be able to lower the amount of one or more required installments by using one or both of the following methods. Income tax 2012 forms The annualized income installment method. Income tax 2012 forms The adjusted seasonal installment method. Income tax 2012 forms Use Schedule A of Form 1120-W to determine if using one or both of these methods will lower the amount of any required installments. Income tax 2012 forms Refiguring required installments. Income tax 2012 forms   If after the corporation figures and deposits its estimated tax it finds that its tax liability for the year will be more or less than originally estimated, it may have to refigure its required installments to see if an underpayment penalty may apply. Income tax 2012 forms An immediate catchup payment should be made to reduce any penalty resulting from the underpayment of any earlier installments. Income tax 2012 forms Underpayment penalty. Income tax 2012 forms   If the corporation does not pay a required installment of estimated tax by its due date, it may be subject to a penalty. Income tax 2012 forms The penalty is figured separately for each installment due date. Income tax 2012 forms The corporation may owe a penalty for an earlier due date, even if it paid enough tax later to make up the underpayment. Income tax 2012 forms This is true even if the corporation is due a refund when its return is filed. Income tax 2012 forms Form 2220. Income tax 2012 forms   Use Form 2220, Underpayment of Estimated Tax by Corporations, to determine if a corporation is subject to the penalty for underpayment of estimated tax and to figure the amount of the penalty. Income tax 2012 forms   If the corporation is charged a penalty, the amount of the penalty depends on the following three factors. Income tax 2012 forms The amount of the underpayment. Income tax 2012 forms The period during which the underpayment was due and unpaid. Income tax 2012 forms The interest rate for underpayments published quarterly by the IRS in the Internal Revenue Bulletin. Income tax 2012 forms   A corporation generally does not have to file Form 2220 with its income tax return because the IRS will figure any penalty and bill the corporation. Income tax 2012 forms However, even if the corporation does not owe a penalty, complete and attach the form to the corporation's tax return if any of the following apply. Income tax 2012 forms The annualized income installment method was used to figure any required installment. Income tax 2012 forms The adjusted seasonal installment method was used to figure any required installment. Income tax 2012 forms The corporation is a large corporation figuring its first required installment based on the prior year's tax. Income tax 2012 forms How to pay estimated tax. Income tax 2012 forms   A corporation is generally required to use EFTPS to pay its taxes. Income tax 2012 forms See Electronic Federal Tax Payment System (EFTPS), earlier. Income tax 2012 forms Also see the Instructions for Form 1120-W. Income tax 2012 forms Quick refund of overpayments. Income tax 2012 forms   A corporation that has overpaid its estimated tax for the tax year may be able to apply for a quick refund. Income tax 2012 forms Use Form 4466, Corporation Application for Quick Refund of Overpayment of Estimated Tax, to apply for a quick refund of an overpayment of estimated tax. Income tax 2012 forms A corporation can apply for a quick refund if the overpayment is: At least 10% of its expected tax liability, and At least $500. Income tax 2012 forms Use Form 4466 to figure the corporation's expected tax liability and the overpayment of estimated tax. Income tax 2012 forms File Form 4466 before the 16th day of the 3rd month after the end of the tax year, but before the corporation files its income tax return. Income tax 2012 forms Do not file Form 4466 before the end of the corporation's tax year. Income tax 2012 forms An extension of time to file the corporation's income tax return will not extend the time for filing Form 4466. Income tax 2012 forms The IRS will act on the form within 45 days from the date you file it. Income tax 2012 forms U. Income tax 2012 forms S. Income tax 2012 forms Real Property Interest If a domestic corporation acquires a U. Income tax 2012 forms S. Income tax 2012 forms real property interest from a foreign person or firm, the corporation may have to withhold tax on the amount it pays for the property. Income tax 2012 forms The amount paid includes cash, the fair market value of other property, and any assumed liability. Income tax 2012 forms If a domestic corporation distributes a U. Income tax 2012 forms S. Income tax 2012 forms real property interest to a foreign person or firm, it may have to withhold tax on the fair market value of the property. Income tax 2012 forms A corporation that fails to withhold may be liable for the tax, and any penalties and interest that apply. Income tax 2012 forms For more information, see section 1445 of the Internal Revenue Code; Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities; Form 8288, U. Income tax 2012 forms S. Income tax 2012 forms Withholding Tax Return for Dispositions by Foreign Persons of U. Income tax 2012 forms S. Income tax 2012 forms Real Property Interests; and Form 8288-A, Statement of Withholding on Dispositions by Foreign Persons of U. Income tax 2012 forms S. Income tax 2012 forms Real Property Interests. Income tax 2012 forms Accounting Methods An accounting method is a set of rules used to determine when and how income and expenses are reported. Income tax 2012 forms Taxable income should be determined using the method of accounting regularly used in keeping the corporation's books and records. Income tax 2012 forms In all cases, the method used must clearly show taxable income. Income tax 2012 forms Generally, permissible methods include: Cash, Accrual, or Any other method authorized by the Internal Revenue Code. Income tax 2012 forms Accrual method. Income tax 2012 forms   Generally, a corporation (other than a qualified personal service corporation) must use the accrual method of accounting if its average annual gross receipts exceed $5 million. Income tax 2012 forms A corporation engaged in farming operations also must use the accrual method. Income tax 2012 forms   If inventories are required, the accrual method generally must be used for sales and purchases of merchandise. Income tax 2012 forms However, qualifying taxpayers and eligible businesses of qualifying small business taxpayers are excepted from using the accrual method for eligible trades or businesses and may account for inventoriable items as materials and supplies that are not incidental. Income tax 2012 forms   Under the accrual method, an amount is includable in income when: All the events have occurred that fix the right to receive the income, which is the earliest of the date: The required performance takes place, Payment is due, or Payment is received; and The amount can be determined with reasonable accuracy. Income tax 2012 forms   Generally, an accrual basis taxpayer can deduct accrued expenses in the tax year when: All events that determine the liability have occurred, The amount of the liability can be figured with reasonable accuracy, and Economic performance takes place with respect to the expense. Income tax 2012 forms   There are exceptions to the economic performance rule for certain items, including recurring expenses. Income tax 2012 forms See section 461(h) of the Internal Revenue Code and the related regulations for the rules for determining when economic performance takes place. Income tax 2012 forms Nonaccrual experience method. Income tax 2012 forms   Accrual method corporations are not required to maintain accruals for certain amounts from the performance of services that, on the basis of their experience, will not be collected, if: The services are in the fields of health, law, engineering, architecture, accounting, actuarial science, performing arts, or consulting; or The corporation's average annual gross receipts for the 3 prior tax years does not exceed $5 million. Income tax 2012 forms   This provision does not apply if interest is required to be paid on the amount or if there is any penalty for failure to pay the amount timely. Income tax 2012 forms Percentage of completion method. Income tax 2012 forms   Long-term contracts (except for certain real property construction contracts) must generally be accounted for using the percentage of completion method described in section 460 of the Internal Revenue Code. Income tax 2012 forms Mark-to-market accounting method. Income tax 2012 forms   Generally, dealers in securities must use the mark-to-market accounting method described in section 475 of the Internal Revenue Code. Income tax 2012 forms Under this method any security held by a dealer as inventory must be included in inventory at its FMV. Income tax 2012 forms Any security not held as inventory at the close of the tax year is treated as sold at its FMV on the last business day of the tax year. Income tax 2012 forms Any gain or loss must be taken into account in determining gross income. Income tax 2012 forms The gain or loss taken into account is treated as ordinary gain or loss. Income tax 2012 forms   Dealers in commodities and traders in securities and commodities can elect to use the mark-to-market accounting method. Income tax 2012 forms Change in accounting method. Income tax 2012 forms   A corporation can change its method of accounting used to report taxable income (for income as a whole or for the treatment of any material item). Income tax 2012 forms The corporation must file Form 3115, Application for Change in Accounting Method. Income tax 2012 forms For more information, see Form 3115 and Publication 538. Income tax 2012 forms Section 481(a) adjustment. Income tax 2012 forms   The corporation may have to make an adjustment under section 481(a) of the Internal Revenue Code to prevent amounts of income or expense from being duplicated or omitted. Income tax 2012 forms The section 481(a) adjustment period is generally 1 year for a net negative adjustment and 4 years for a net positive adjustment. Income tax 2012 forms However, a corporation can elect to use a 1-year adjustment period if the net section 481(a) adjustment for the change is less than $25,000. Income tax 2012 forms The corporation must complete the appropriate lines of Form 3115 to make the election. Income tax 2012 forms See the Instructions for Form 3115. Income tax 2012 forms Accounting Periods A corporation must figure its taxable income on the basis of a tax year. Income tax 2012 forms A tax year is the annual accounting period a corporation uses to keep its records and report its income and expenses. Income tax 2012 forms Generally, corporations can use either a calendar year or a fiscal year as its tax year. Income tax 2012 forms Unless special rules apply, a corporation generally adopts a tax year by filing its first federal income tax return using that tax year. Income tax 2012 forms For more information, see Publication 538. Income tax 2012 forms Personal service corporation. Income tax 2012 forms   A personal service corporation must use a calendar year as its tax year unless: It elects to use a 52–53 week tax year that ends with reference to the calendar year; It can establish a business purpose for a different tax year and obtains approval of the IRS. Income tax 2012 forms See Form 1128, Application To Adopt, Change, or Retain a Tax Year, and Publication 538; or It elects under section 444 of the Internal Revenue Code to have a tax year other than a calendar year. Income tax 2012 forms Use Form 8716, Election to Have a Tax Year Other Than a Required Tax Year, to make the election. Income tax 2012 forms   If a personal service corporation makes a section 444 election, its deduction for certain amounts paid to employee-owners may be limited. Income tax 2012 forms See Schedule H (Form 1120), Section 280H Limitations for a Personal Service Corporation (PSC), to figure the maximum deduction. Income tax 2012 forms Change of tax year. Income tax 2012 forms   Generally, a corporation must get the consent of the IRS before changing its tax year by filing Form 1128. Income tax 2012 forms However, under certain conditions, a corporation can change its tax year without getting the consent. Income tax 2012 forms For more information, see Form 1128 and Publication 538. Income tax 2012 forms Recordkeeping A corporation should keep its records for as long as they may be needed for the administration of any provision of the Internal Revenue Code. Income tax 2012 forms Usually records that support items of income, deductions, or credits on the return must be kept for 3 years from the date the return is due or filed, whichever is later. Income tax 2012 forms Keep records that verify the corporation's basis in property for as long as they are needed to figure the basis of the original or replacement property. Income tax 2012 forms The corporation should keep copies of all filed returns. Income tax 2012 forms They help in preparing future and amended returns and in the calculation of earnings and profits. Income tax 2012 forms Income, Deductions, and Special Provisions Rules on income and deductions that apply to individuals also apply, for the most part, to corporations. Income tax 2012 forms However, the following special provisions apply only to corporations. Income tax 2012 forms Costs of Going Into Business When you go into business, treat all costs you incur to get your business started as capital expenses. Income tax 2012 forms However, a corporation can elect to deduct a limited amount of start-up or organizational costs. Income tax 2012 forms Any costs not deducted can be amortized. Income tax 2012 forms Start-up costs are costs for creating an active trade or business or investigating the creation or acquisition of an active trade or business. Income tax 2012 forms Organizational costs are the direct costs of creating the corporation. Income tax 2012 forms For more information on deducting or amortizing start-up and organizational costs, see the instructions for your income tax return. Income tax 2012 forms Also see, Publication 535, chapter 7, Costs You Can Deduct or Capitalize, and chapter 8, Amortization. Income tax 2012 forms Related Persons A corporation that uses an accrual method of accounting cannot deduct business expenses and interest owed to a related person who uses the cash method of accounting until the corporation makes the payment and the corresponding amount is includible in the related person's gross income. Income tax 2012 forms Determine the relationship, for this rule, as of the end of the tax year for which the expense or interest would otherwise be deductible. Income tax 2012 forms If a deduction is denied, the rule will continue to apply even if the corporation's relationship with the person ends before the expense or interest is includible in the gross income of that person. Income tax 2012 forms These rules also deny the deduction of losses on the sale or exchange of property between related persons. Income tax 2012 forms Related persons. Income tax 2012 forms   For purposes of this rule, the following persons are related to a corporation. Income tax 2012 forms Another corporation, that is a member of the same controlled group (as defined in section 267(f) of the Internal Revenue Code). Income tax 2012 forms An individual who owns, directly or indirectly, more than 50% of the value of the outstanding stock of the corporation. Income tax 2012 forms A trust fiduciary, when the trust or the grantor of the trust owns, directly or indirectly, more than 50% in value of the outstanding stock of the corporation. Income tax 2012 forms An S corporation, if the same persons own more than 50% in value of the outstanding stock of each corporation. Income tax 2012 forms A partnership, if the same persons own more than 50% in value of the outstanding stock of the corporation and more than 50% of the capital or profits interest in the partnership. Income tax 2012 forms Any employee-owner, if the corporation is a personal service corporation (see Personal service corporation, earlier), regardless of the amount of stock owned by the employee-owner. Income tax 2012 forms Ownership of stock. Income tax 2012 forms   To determine whether an individual directly or indirectly owns any of the outstanding stock of a corporation, the following apply. Income tax 2012 forms Stock owned, directly or indirectly, by or for a corporation, partnership, estate, or trust, is treated as being owned proportionately by or for its shareholders, partners, or beneficiaries. Income tax 2012 forms An individual is treated as owning the stock owned, directly or indirectly, by or for the individual's family. Income tax 2012 forms Family includes only brothers and sisters (including half brothers and half sisters), a spouse, ancestors, and lineal descendants. Income tax 2012 forms Any individual owning (other than by applying (2), above) stock in a corporation, is treated as also owning the stock owned directly or indirectly by that individual's partner. Income tax 2012 forms To apply (1), (2), or (3), above, stock constructively owned by a person under (1) is treated as actually owned by that person. Income tax 2012 forms But stock constructively owned by an individual under (2) or (3) is not treated as actually owned by the individual for applying either (2) or (3) to make another person the constructive owner of that stock. Income tax 2012 forms Reallocation of income and deductions. Income tax 2012 forms   Where it is necessary to clearly show income or prevent tax evasion, the IRS can reallocate gross income, deductions, credits, or allowances between two or more organizations, trades, or businesses owned or controlled directly, or indirectly, by the same interests. Income tax 2012 forms Complete liquidations. Income tax 2012 forms   The disallowance of losses from the sale or exchange of property between related persons does not apply to liquidating distributions. Income tax 2012 forms More information. Income tax 2012 forms   For more information about the related person rules, see Publication 544. Income tax 2012 forms Income From Qualifying Shipping Activities A corporation may make an election to be taxed on its notional shipping income at the highest corporate tax rate. Income tax 2012 forms If a corporation makes this election it may exclude income from qualifying shipping activities from gross income. Income tax 2012 forms Also if the election is made, the corporation generally may not claim any loss, deduction, or credit with respect to qualifying shipping activities. Income tax 2012 forms A corporation making this election may also elect to defer gain on the disposition of a qualifying vessel. Income tax 2012 forms A corporation uses Form 8902, Alternative Tax on Qualifying Shipping Activities, to make the election and figure the alternative tax. Income tax 2012 forms For more information regarding the election, see Form 8902. Income tax 2012 forms Election to Expense Qualified Refinery Property A corporation can make an irrevocable election on its tax return filed by the due date (including extensions) to deduct 50% of the cost of qualified refinery property (defined in section 179C(c) of the Internal Revenue Code), placed in service before January 1, 2014. Income tax 2012 forms The deduction is allowed for the year in which the property is placed in service. Income tax 2012 forms A subchapter T cooperative can make an irrevocable election on its return by the due date (including extensions) to allocate this deduction to its owners based on their ownership interest. Income tax 2012 forms For more information, see section 179C of the Internal Revenue Code and the related Regulations. Income tax 2012 forms Deduction to Comply With EPA Sulfur Regulations A small business refiner can make an irrevocable election on its tax return filed by the due date (including extensions) to deduct up to 75% of qualified costs paid or incurred to comply with the Highway Diesel Fuel Sulfur Control Requirements of the Environmental Protection Agency (EPA). Income tax 2012 forms A subchapter T cooperative can make an irrevocable election on its return filed by the due date (including extensions) to allocate the deduction to its owners based on their ownership interest. Income tax 2012 forms For more information, see sections 45H and 179B of the Internal Revenue Code and the related Regulations. Income tax 2012 forms Energy-Efficient Commercial Building Property Deduction A corporation can claim a deduction for costs associated with energy-efficient commercial building property, placed in service before January 1, 2014. Income tax 2012 forms In order to qualify for the deduction: The costs must be associated with depreciable or amortizable property in a Standard 90. Income tax 2012 forms 1-2001 domestic building; The property must be either a part of the interior lighting system, the heating, cooling, ventilation and hot water system, or the building envelope (defined in section 179D(c)(1)(C) of the Internal Revenue Code); and The property must be installed as part of a plan to reduce the total annual energy and power costs of the building by 50% or more. Income tax 2012 forms The deduction is limited to $1. Income tax 2012 forms 80 per square foot of the building less the total amount of deductions taken for this property in prior tax years. Income tax 2012 forms Other rules and limitations apply. Income tax 2012 forms The corporation must reduce the basis of any property by any deduction taken. Income tax 2012 forms The deduction is subject to recapture if the corporation fails to fully implement an energy savings plan. Income tax 2012 forms For more information, see section 179D of the Internal Revenue Code. Income tax 2012 forms Also see Notice 2006-52, 2006-26 I. Income tax 2012 forms R. Income tax 2012 forms B. Income tax 2012 forms 1175, clarified and amplified by Notice 2008-40, 2008-14 I. Income tax 2012 forms R. Income tax 2012 forms B. Income tax 2012 forms 725, and any successor. Income tax 2012 forms Corporate Preference Items A corporation must make special adjustments to certain items before it takes them into account in determining its taxable income. Income tax 2012 forms These items are known as corporate preference items and they include the following. Income tax 2012 forms Gain on the disposition of section 1250 property. Income tax 2012 forms For more information, see section 1250 Property under Depreciation Recapture in chapter 3 of Publication 544. Income tax 2012 forms Percentage depletion for iron ore and coal (including lignite). Income tax 2012 forms For more information, see Mines and Geothermal Deposits under Mineral Property in chapter 9 of Publication 535. Income tax 2012 forms Amortization of pollution control facilities. Income tax 2012 forms For more information, see Pollution Control Facilities in chapter 8 of Publication 535 and section 291(a)(5) of the Internal Revenue Code. Income tax 2012 forms Mineral exploration and development costs. Income tax 2012 forms For more information, see Exploration Costs and Development Costs in chapter 7 of Publication 535. Income tax 2012 forms For more information on corporate preference items, see section 291 of the Internal Revenue Code. Income tax 2012 forms Dividends-Received Deduction A corporation can deduct a percentage of certain dividends received during its tax year. Income tax 2012 forms This section discusses the general rules that apply. Income tax 2012 forms The deduction is figured on Form 1120, Schedule C, or the applicable schedule of your income tax return. Income tax 2012 forms For more information, see the Instructions for Form 1120, or the instructions for your applicable income tax return. Income tax 2012 forms Dividends from domestic corporations. Income tax 2012 forms   A corporation can deduct, within certain limits, 70% of the dividends received if the corporation receiving the dividend owns less than 20% of the corporation distributing the dividend. Income tax 2012 forms If the corporation owns 20% or more of the distributing corporation's stock, it can, subject to certain limits, deduct 80% of the dividends received. Income tax 2012 forms Ownership. Income tax 2012 forms   Determine ownership, for these rules, by the amount of voting power and value of the paying corporation's stock (other than certain preferred stock) the receiving corporation owns. Income tax 2012 forms Small business investment companies. Income tax 2012 forms   Small business investment companies can deduct 100% of the dividends received from taxable domestic corporations. Income tax 2012 forms Dividends from regulated investment companies. Income tax 2012 forms   Regulated investment company dividends received are subject to certain limits. Income tax 2012 forms Capital gain dividends received from a regulated investment company do not qualify for the deduction. Income tax 2012 forms For more information, see section 854 of the Internal Revenue Code. Income tax 2012 forms No deduction allowed for certain dividends. Income tax 2012 forms   Corporations cannot take a deduction for dividends received from the following entities. Income tax 2012 forms A real estate investment trust (REIT). Income tax 2012 forms A corporation exempt from tax under section 501 or 521 of the Internal Revenue Code either for the tax year of the distribution or the preceding tax year. Income tax 2012 forms A corporation whose stock was held less than 46 days during the 91-day period beginning 45 days before the stock became ex-dividend with respect to the dividend. Income tax 2012 forms Ex-dividend means the holder has no rights to the dividend. Income tax 2012 forms A corporation whose preferred stock was held less than 91 days during the 181-day period beginning 90 days before the stock became ex-dividend with respect to the dividend if the dividends received are for a period or periods totaling more than 366 days. Income tax 2012 forms Any corporation, if your corporation is under an obligation (pursuant to a short sale or otherwise) to make related payments with respect to positions in substantially similar or related property. Income tax 2012 forms Dividends on deposits. Income tax 2012 forms   Dividends on deposits or withdrawable accounts in domestic building and loan associations, mutual savings banks, cooperative banks, and similar organizations are interest, not dividends. Income tax 2012 forms They do not qualify for this deduction. Income tax 2012 forms Limit on deduction for dividends. Income tax 2012 forms   The total deduction for dividends received or accrued is generally limited (in the following order) to: 80% of the difference between taxable income and the 100% deduction allowed for dividends received from affiliated corporations, or by a small business investment company, for dividends received or accrued from 20%-owned corporations, then 70% of the difference between taxable income and the 100% deduction allowed for dividends received from affiliated corporations, or by a small business investment company, for dividends received or accrued from less-than-20%-owned corporations (reducing taxable income by the total dividends received from 20%-owned corporations). Income tax 2012 forms Figuring the limit. Income tax 2012 forms   In figuring the limit, determine taxable income without the following items. Income tax 2012 forms The net operating loss deduction. Income tax 2012 forms The domestic production activities deduction. Income tax 2012 forms The deduction for dividends received. Income tax 2012 forms Any adjustment due to the nontaxable part of an extraordinary dividend (see Extraordinary Dividends, below). Income tax 2012 forms Any capital loss carryback to the tax year. Income tax 2012 forms Effect of net operating loss. Income tax 2012 forms   If a corporation has a net operating loss (NOL) for a tax year, the limit of 80% (or 70%) of taxable income does not apply. Income tax 2012 forms To determine whether a corporation has an NOL, figure the dividends-received deduction without the 80% (or 70%) of taxable income limit. Income tax 2012 forms Example 1. Income tax 2012 forms A corporation loses $25,000 from operations. Income tax 2012 forms It receives $100,000 in dividends from a 20%-owned corporation. Income tax 2012 forms Its taxable income is $75,000 ($100,000 – $25,000) before the deduction for dividends received. Income tax 2012 forms If it claims the full dividends-received deduction of $80,000 ($100,000 × 80%) and combines it with an operations loss of $25,000, it will have an NOL of ($5,000). Income tax 2012 forms Therefore, the 80% of taxable income limit does not apply. Income tax 2012 forms The corporation can deduct the full $80,000. Income tax 2012 forms Example 2. Income tax 2012 forms Assume the same facts as in Example 1, except that the corporation only loses $15,000 from operations. Income tax 2012 forms Its taxable income is $85,000 before the deduction for dividends received. Income tax 2012 forms After claiming the dividends-received deduction of $80,000 ($100,000 × 80%), its taxable income is $5,000. Income tax 2012 forms Because the corporation will not have an NOL after applying a full dividends-received deduction, its allowable dividends-received deduction is limited to 80% of its taxable income, or $68,000 ($85,000 × 80%). Income tax 2012 forms Extraordinary Dividends If a corporation receives an extraordinary dividend on stock held 2 years or less before the dividend announcement date, it generally must reduce its basis in the stock by the nontaxed part of the dividend. Income tax 2012 forms The nontaxed part is any dividends-received deduction allowable for the dividends. Income tax 2012 forms Extraordinary dividend. Income tax 2012 forms   An extraordinary dividend is any dividend on stock that equals or exceeds a certain percentage of the corporation's adjusted basis in the stock. Income tax 2012 forms The percentages are: 5% for stock preferred as to dividends, or 10% for other stock. Income tax 2012 forms Treat all dividends received that have ex-dividend dates within an 85-consecutive-day period as one dividend. Income tax 2012 forms Treat all dividends received that have ex-dividend dates within a 365-consecutive-day period as extraordinary dividends if the total of the dividends exceeds 20% of the corporation's adjusted basis in the stock. Income tax 2012 forms Disqualified preferred stock. Income tax 2012 forms   Any dividend on disqualified preferred stock is treated as an extraordinary dividend regardless of the period of time the corporation held the stock. Income tax 2012 forms   Disqualified preferred stock is any stock preferred as to dividends if any of the following apply. Income tax 2012 forms The stock when issued has a dividend rate that declines (or can reasonably be expected to decline) in the future. Income tax 2012 forms The issue price of the stock exceeds its liquidation rights or stated redemption price. Income tax 2012 forms The stock is otherwise structured to avoid the rules for extraordinary dividends and to enable corporate shareholders to reduce tax through a combination of dividends-received deductions and loss on the disposition of the stock. Income tax 2012 forms   These rules apply to stock issued after July 10, 1989, unless it was issued under a written binding contract in effect on that date, and thereafter, before the issuance of the stock. Income tax 2012 forms More information. Income tax 2012 forms   For more information on extraordinary dividends, see section 1059 of the Internal Revenue Code. Income tax 2012 forms Below-Market Loans If a corporation receives a below-market loan and uses the proceeds for its trade or business, it may be able to deduct the forgone interest. Income tax 2012 forms A below-market loan is a loan on which no interest is charged or on which interest is charged at a rate below the applicable federal rate. Income tax 2012 forms A below-market loan generally is treated as an arm's-length transaction in which the borrower is considered as having received both the following: A loan in exchange for a note that requires payment of interest at the applicable federal rate, and An additional payment in an amount equal to the forgone interest. Income tax 2012 forms Treat the additional payment as a gift, dividend, contribution to capital, payment of compensation, or other payment, depending on the substance of the transaction. Income tax 2012 forms Foregone interest. Income tax 2012 forms   For any period, forgone interest is equal to: The interest that would be payable for that period if interest accrued on the loan at the applicable federal rate and was payable annually on December 31, minus Any interest actually payable on the loan for the period. Income tax 2012 forms See Below-market loans, in chapter 4 of Publication 535 for more information. Income tax 2012 forms Charitable Contributions A corporation can claim a limited deduction for charitable contributions made in cash or other property. Income tax 2012 forms The contribution is deductible if made to, or for the use of, a qualified organization. Income tax 2012 forms For more information on qualified organizations, see Publication 526, Charitable Contributions. Income tax 2012 forms Also see, Exempt Organizations Select Check (EO Select Check) at www. Income tax 2012 forms irs. Income tax 2012 forms gov/charities, the on-line search tool for finding information on organizations eligible to receive tax-deductible contributions. Income tax 2012 forms Note. Income tax 2012 forms You cannot take a deduction if any of the net earnings of an organization receiving contributions benefit any private shareholder or individual. Income tax 2012 forms Cash method corporation. Income tax 2012 forms   A corporation using the cash method of accounting deducts contributions in the tax year paid. Income tax 2012 forms Accrual method corporation. Income tax 2012 forms   A corporation using an accrual method of accounting can choose to deduct unpaid contributions for the tax year the board of directors authorizes them if it pays them by the 15th day of the 3rd month after the close of that tax year. Income tax 2012 forms Make the choice by reporting the contribution on the corporation's return for the tax year. Income tax 2012 forms A declaration stating that the board of directors adopted the resolution during the tax year must accompany the return. Income tax 2012 forms The declaration must include the date the resolution was adopted. Income tax 2012 forms Limitations on deduction. Income tax 2012 forms   A corporation cannot deduct charitable contributions that exceed 10% of its taxable income for the tax year. Income tax 2012 forms Figure taxable income for this purpose without the following. Income tax 2012 forms The deduction for charitable contributions. Income tax 2012 forms The dividends-received deduction. Income tax 2012 forms The deduction allowed under section 249 of the Internal Revenue Code. Income tax 2012 forms The domestic production activities deduction. Income tax 2012 forms Any net operating loss carryback to the tax year. Income tax 2012 forms Any capital loss carryback to the tax year. Income tax 2012 forms Farmers and ranchers. Income tax 2012 forms    Corporations that are farmers and ranchers should see section 170(b)(2) of the Internal Revenue Code for special rules that may affect the deduction limit. Income tax 2012 forms Carryover of excess contributions. Income tax 2012 forms   You can carry over, within certain limits, to each of the subsequent 5 years any charitable contributions made during the current year that exceed the 10% limit. Income tax 2012 forms You lose any excess not used within that period. Income tax 2012 forms For example, if a corporation has a carryover of excess contributions paid in 2010 and it does not use all the excess on its return for 2011, it can carry any excess over to 2012, 2013, 2014, and 2015, if applicable. Income tax 2012 forms Any excess not used in 2015 is lost. Income tax 2012 forms Do not deduct a carryover of excess contributions in the carryover year until after you deduct contributions made in that year (subject to the 10% limit). Income tax 2012 forms You cannot deduct a carryover of excess contributions to the extent it increases a net operating loss carryover. Income tax 2012 forms Cash contributions. Income tax 2012 forms   A corporation must maintain a record of any contribution of cash, check, or other monetary contribution, regardless of the amount. Income tax 2012 forms The record can be a bank record, receipt, letter, or other written communication from the donee indicating the name of the organization, the date of the contribution, and the amount of the contribution. Income tax 2012 forms Keep the record of the contribution with the other corporate records. Income tax 2012 forms Do not attach the records to the corporation's return. Income tax 2012 forms For more information on cash contributions, see Publication 526. Income tax 2012 forms Gifts of $250 or more. Income tax 2012 forms   Generally, no deduction is allowed for any contribution of $250 or more unless the corporation gets a written acknowledgement from the donee organization. Income tax 2012 forms The acknowledgement should show the amount of cash contributed, a description of the property contributed, and either gives a description and a good faith estimate of the value of any goods or services provided in return for the contribution or states that no goods or services were provided in return for the contribution. Income tax 2012 forms The acknowledgement should be received by the due date (including extensions) of the return, or, if earlier, the date the return was filed. Income tax 2012 forms Keep the acknowledgement with other corporate records. Income tax 2012 forms Do not attach the acknowledgement to the return. Income tax 2012 forms Contributions of property other than cash. Income tax 2012 forms   If a corporation (other than a closely-held or a personal service corporation) claims a deduction of more than $500 for contributions of property other than cash, a schedule describing the property and the method used to determine its fair market value must be attached to the corporation's return. Income tax 2012 forms In addition the corporation should keep a record of: The approximate date and manner of acquisition of the donated property and The cost or other basis of the donated property held by the donor for less than 12 months prior to contribution. Income tax 2012 forms   Closely held and personal service corporations must complete and attach Form 8283, Noncash Charitable Contributions, to their returns if they claim a deduction of more than $500 for non-cash contributions. Income tax 2012 forms For all other corporations, if the deduction claimed for donated property exceeds $5,000, complete Form 8283 and attach it to the corporation's return. Income tax 2012 forms   A corporation must obtain a qualified appraisal for all deductions of property claimed in excess of $5,000. Income tax 2012 forms A qualified appraisal is not required for the donation of cash, publicly traded securities, inventory, and any qualified vehicles sold by a donee organization without any significant intervening use or material improvement. Income tax 2012 forms The appraisal should be maintained with other corporate records and only attached to the corporation's return when the deduction claimed exceeds $500,000; $20,000 for donated art work. Income tax 2012 forms   See Form 8283 for more information. Income tax 2012 forms Qualified conservation contributions. Income tax 2012 forms   If a corporation makes a qualified conservation contribution, the corporation must provide information regarding the legal interest being donated, the fair market value of the underlying property before and after the donation, and a description of the conservation purpose for which the property will be used. Income tax 2012 forms For more information, see section 170(h) of the Internal Revenue Code. Income tax 2012 forms Contributions of used vehicles. Income tax 2012 forms   A corporation is allowed a deduction for the contribution of used motor vehicles, boats, and airplanes. Income tax 2012 forms The deduction is limited, and other special rules apply. Income tax 2012 forms For more information, see Publication 526. Income tax 2012 forms Reduction for contributions of certain property. Income tax 2012 forms   For a charitable contribution of property, the corporation must reduce the contribution by the sum of: The ordinary income and short-term capital gain that would have resulted if the property were sold at its FMV and For certain contributions, the long-term capital gain that would have resulted if the property were sold at its FMV. Income tax 2012 forms   The reduction for the long-term capital gain applies to: Contributions of tangible personal property for use by an exempt organization for a purpose or function unrelated to the basis for its exemption; Contributions of any property to or for the use of certain private foundations except for stock for which market quotations are readily available; and Contributions of any patent, certain copyrights, trademark, trade name, trade secret, know-how, software (that is a section 197 intangible), or similar property, or applications or registrations of such property. Income tax 2012 forms Larger deduction. Income tax 2012 forms   A corporation (other than an S corporation) may be able to claim a deduction equal to the lesser of (a) the basis of the donated inventory or property plus one-half of the inventory or property's appreciation (gain if the donated inventory or property was sold at fair market value on the date of the donation), or (b) two times basis of the donated inventory or property. Income tax 2012 forms This deduction may be allowed for certain contributions of: Certain inventory and other property made to a donee organization and used solely for the care of the ill, the needy, and infants. Income tax 2012 forms Scientific property constructed by the corporation (other than an S corporation, personal holding company, or personal service corporation) and donated no later than 2 years after substantial completion of the construction. Income tax 2012 forms The property must be donated to a qualified organization and its original use must be by the donee for research, experimentation, or research training within the United States in the area of physical or biological science. Income tax 2012 forms Computer technology and equipment acquired or constructed and donated no later than 3 years after either acquisition or substantial completion of construction to an educational organization for educational purposes within the United States. Income tax 2012 forms Contributions to organizations conducting lobbying activities. Income tax 2012 forms   Contributions made to an organization that conducts lobbying activities are not deductible if: The lobbying activities relate to matters of direct financial interest to the donor's trade or business and The principal purpose of the contribution was to avoid federal income tax by obtaining a deduction for activities that would have been nondeductible under the lobbying expense rules if conducted directly by the donor. Income tax 2012 forms More information. Income tax 2012 forms   For more information on charitable contributions, including substantiation and recordkeeping requirements, see section 170 of the Internal Revenue Code, the related regulations, and Publication 526. Income tax 2012 forms Capital Losses A corporation can deduct capital losses only up to the amount of its capital gains. Income tax 2012 forms In other words, if a corporation has an excess capital loss, it cannot deduct the loss in the current tax year. Income tax 2012 forms Instead, it carries the loss to other tax years and deducts it from any net capital gains that occur in those years. Income tax 2012 forms A capital loss is carried to other years in the following order. Income tax 2012 forms 3 years prior to the loss year. Income tax 2012 forms 2 years prior to the loss year. Income tax 2012 forms 1 year prior to the loss year. Income tax 2012 forms Any loss remaining is carried forward for 5 years. Income tax 2012 forms When you carry a net capital loss to another tax year, treat it as a short-term loss. Income tax 2012 forms It does not retain its original identity as long term or short term. Income tax 2012 forms Example. Income tax 2012 forms A calendar year corporation has a net short-term capital gain of $3,000 and a net long-term capital loss of $9,000. Income tax 2012 forms The short-term gain offsets some of the long-term loss, leaving a net capital loss of $6,000. Income tax 2012 forms The corporation treats this $6,000 as a short-term loss when carried back or forward. Income tax 2012 forms The corporation carries the $6,000 short-term loss back 3 years. Income tax 2012 forms In year 1, the corporation had a net short-term capital gain of $8,000 and a net long-term capital gain of $5,000. Income tax 2012 forms It subtracts the $6,000 short-term loss first from the net short-term gain. Income tax 2012 forms This results in a net capital gain for year 1 of $7,000. Income tax 2012 forms This consists of a net short-term capital gain of $2,000 ($8,000 − $6,000) and a net long-term capital gain of $5,000. Income tax 2012 forms S corporation status. Income tax 2012 forms   A corporation may not carry a capital loss from, or to, a year for which it is an S corporation. Income tax 2012 forms Rules for carryover and carryback. Income tax 2012 forms   When carrying a capital loss from one year to another, the following rules apply. Income tax 2012 forms When figuring the current year's net capital loss, you cannot combine it with a capital loss carried from another year. Income tax 2012 forms In other words, you can carry capital losses only to years that would otherwise have a total net capital gain. Income tax 2012 forms If you carry capital losses from 2 or more years to the same year, deduct the loss from the earliest year first. Income tax 2012 forms You cannot use a capital loss carried from another year to produce or increase a net operating loss in the year to which you carry it back. Income tax 2012 forms Refunds. Income tax 2012 forms   When you carry back a capital loss to an earlier tax year, refigure your tax for that year. Income tax 2012 forms If your corrected tax is less than the tax you originally owed, use either Form 1139, Corporate Application for Tentative Refund, or Form 1120X, Amended U. Income tax 2012 forms S. Income tax 2012 forms Corporation Income Tax Return, to apply for a refund. Income tax 2012 forms Form 1139. Income tax 2012 forms    A corporation can get a refund faster by using Form 1139. Income tax 2012 forms It cannot file Form 1139 before filing the return for the corporation's capital loss year, but it must file Form 1139 no later than 1 year after the year it sustains the capital loss. Income tax 2012 forms Form 1120X. Income tax 2012 forms   If the corporation does not file Form 1139, it must file Form 1120X to apply for a refund. Income tax 2012 forms The corporation must file the Form 1120X within 3 years of the due date, includin
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The Income Tax 2012 Forms

Income tax 2012 forms 12. Income tax 2012 forms   Otros Ingresos Table of Contents Introduction Useful Items - You may want to see: Trueque Deudas CanceladasIntereses incluidos en una deuda cancelada. Income tax 2012 forms Excepciones Anfitrión o Anfitriona Ganancias de un Seguro de VidaCónyuge sobreviviente. Income tax 2012 forms Ganancias de un Contrato de Dotación Beneficios Acelerados por Fallecimiento Funcionario de Seguridad Pública Fallecido en el Cumplimiento del Deber Ingresos de Sociedades Colectivas Ingresos de Sociedad Anónima de Tipo S Recuperación de FondosRecuperaciones de Deducciones Detalladas Alquileres de Bienes Muebles ReintegrosMétodo 1. Income tax 2012 forms Método 2. Income tax 2012 forms RegalíasAgotamiento. Income tax 2012 forms Carbón y mineral de hierro. Income tax 2012 forms Venta de participación de bienes. Income tax 2012 forms Parte de una futura producción vendida. Income tax 2012 forms Beneficios por DesempleoTipos de compensación por desempleo. Income tax 2012 forms Programa gubernamental. Income tax 2012 forms Reintegro de compensación por desempleo. Income tax 2012 forms Retención de impuestos. Income tax 2012 forms Reintegro de beneficios. Income tax 2012 forms Beneficios del Bienestar Social y Otros Beneficios de Asistencia Pública Otros IngresosAngustia emocional. Income tax 2012 forms Deducción por costos relativos a una demanda por discriminación ilegal. Income tax 2012 forms Medidas de ahorro de energía. Income tax 2012 forms Unidad habitable. Income tax 2012 forms Ingreso actual que se requiere distribuir. Income tax 2012 forms Ingreso actual que no se requiere distribuir. Income tax 2012 forms Cómo hacer la declaración. Income tax 2012 forms Pérdidas. Income tax 2012 forms Fideicomiso de un cesionario. Income tax 2012 forms Remuneración para personas que no son empleados. Income tax 2012 forms Director de una sociedad anónima. Income tax 2012 forms Representante personal. Income tax 2012 forms Administrador de una ocupación o negocio de patrimonio en quiebra. Income tax 2012 forms Notario público. Income tax 2012 forms Funcionario de distrito electoral. Income tax 2012 forms Pagos por complejidad del cuidado. Income tax 2012 forms Mantenimiento del espacio en el hogar. Income tax 2012 forms Declaración de pagos sujetos a impuestos. Income tax 2012 forms Loterías y rifas. Income tax 2012 forms Formulario W-2G. Income tax 2012 forms Cómo declarar ganancias de juegos y apuestas y mantenimiento de documentación. Income tax 2012 forms Pensión o arreglo IRA heredado. Income tax 2012 forms Recompensas o bonificaciones para empleados. Income tax 2012 forms Premio Pulitzer, Premio Nobel y premios similares. Income tax 2012 forms Pago por servicios. Income tax 2012 forms Pagos del Departamento de Asuntos de Veteranos (VA). Income tax 2012 forms Premios. Income tax 2012 forms Indemnización por huelga y cierre patronal. Income tax 2012 forms Introduction Tiene que incluir en su declaración toda partida de ingresos que reciba en forma de dinero, bienes o servicios a menos que la ley tributaria estipule lo contrario. Income tax 2012 forms No obstante, algunos artículos se excluyen sólo parcialmente de los ingresos. Income tax 2012 forms Este capítulo trata sobre varios tipos de ingresos y explica si éstos están sujetos a impuestos o no. Income tax 2012 forms El ingreso que según la ley tributaria está sujeto a la tasasión de impuestos tiene que declararse en la declaración de impuestos y está sujeto a impuestos. Income tax 2012 forms El ingreso que no está sujeto a la tasación de impuestos tal vez tenga que aparecer en la declaración de impuestos, pero no está sujeto a impuestos. Income tax 2012 forms Este capítulo empieza con una explicación de las siguientes fuentes de ingreso: Trueque. Income tax 2012 forms Deudas canceladas. Income tax 2012 forms Fiestas de ventas en las que usted es anfitrión o anfitriona. Income tax 2012 forms Fondos procedentes del seguro de vida. Income tax 2012 forms Ingresos de sociedades colectivas. Income tax 2012 forms Ingresos de sociedades anónimas de tipo S. Income tax 2012 forms Recuperaciones de fondos (incluidos los reembolsos de impuesto estatal sobre los ingresos). Income tax 2012 forms Alquileres de bienes muebles. Income tax 2012 forms Reintegros. Income tax 2012 forms Regalías. Income tax 2012 forms Beneficios por desempleo. Income tax 2012 forms Beneficios del bienestar social y otros beneficios de asistencia pública. Income tax 2012 forms A continuación de estos temas, encontrará una lista de otras fuentes de ingreso. Income tax 2012 forms Useful Items - You may want to see: Publicación 525 Taxable and Nontaxable Income (Ingreso sujeto a impuestos y no sujeto a impuestos), en inglés 544 Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de activos), en inglés 4681 Canceled Debts, Foreclosures, Repossessions, and Abandonments (Deudas canceladas, ejecuciones hipotecarias, embargo de bienes raíces y abandonos), en inglés Trueque El trueque es un intercambio de bienes o servicios. Income tax 2012 forms Tiene que incluir en sus ingresos el valor justo de mercado de aquellos bienes o servicios que reciba por trueque al momento de recibirlos. Income tax 2012 forms Si intercambia servicios con otra persona y ambos han llegado a un acuerdo con anticipación con respecto al valor de los servicios, ese valor se aceptará como el valor justo de mercado, a menos que se pueda demostrar que el valor es diferente. Income tax 2012 forms Por lo general, debe declarar este ingreso en el Anexo C (Formulario 1040), Profit or Loss From Business (Pérdidas o ganancias de negocios), o en el Anexo C-EZ (Formulario 1040), Net Profit From Business (Utilidad neta de negocios), ambos en inglés. Income tax 2012 forms Sin embargo, si el trueque implica un intercambio de algo que no sea servicios, como se indica en el Ejemplo 3 a continuación, tal vez deba usar otro formulario o anexo en su lugar. Income tax 2012 forms Ejemplo 1. Income tax 2012 forms Usted es abogado por cuenta propia que presta servicios legales a un cliente, una sociedad anónima pequeña. Income tax 2012 forms Esta sociedad anónima le paga con acciones a cambio de sus servicios. Income tax 2012 forms Tiene que incluir en sus ingresos el valor justo de mercado de las acciones en el Anexo C o en el Anexo C-EZ (Formulario 1040) en el año en que las reciba. Income tax 2012 forms Ejemplo 2. Income tax 2012 forms Usted trabaja por cuenta propia y es miembro de un club de trueque. Income tax 2012 forms El club usa “unidades de crédito” como medio de intercambio. Income tax 2012 forms El club suma unidades de crédito a su cuenta por los bienes o servicios que proporciona a otros miembros, las cuales usted puede usar para comprar bienes o servicios que ofrecen otros miembros del club de trueque. Income tax 2012 forms El club resta unidades de crédito de su cuenta cuando usted recibe bienes o servicios de otros miembros. Income tax 2012 forms Tiene que incluir en su ingreso el valor de las unidades de crédito que se suman a su cuenta, aun si en realidad no recibe bienes o servicios de otros miembros del club hasta un año tributario futuro. Income tax 2012 forms Ejemplo 3. Income tax 2012 forms Usted es propietario de un pequeño edificio de apartamentos. Income tax 2012 forms A cambio del uso de un apartamento durante 6 meses sin pagar alquiler, una artista le da una obra que ella misma creó. Income tax 2012 forms Tiene que declarar como ingreso de alquiler en el Anexo E (Formulario 1040), Supplemental Income and Loss (Pérdidas e ingresos suplementarios), en inglés, el valor justo de mercado de la obra de arte y la artista tiene que declarar como ingreso el valor justo de alquiler del apartamento en el Anexo C o en el Anexo C-EZ (Formulario 1040). Income tax 2012 forms Formulario 1099-B por trueque. Income tax 2012 forms   Si ha intercambiado bienes o servicios mediante una organización de trueques, dicha organización le debe enviar el Formulario 1099-B, Proceeds From Broker and Barter Exchange Transactions (Ingresos por transacciones de agentes de bolsa y trueque), en inglés, o una declaración de la organización de trueques parecida, a más tardar el 18 de febrero del año 2014. Income tax 2012 forms Este documento debe indicar el valor de efectivo, bienes, servicios, créditos o certificado provisional que recibió como resultado de los trueques durante el año 2013. Income tax 2012 forms El IRS también recibirá una copia del Formulario 1099-B. Income tax 2012 forms Deudas Canceladas En la mayoría de los casos, si una deuda suya se cancela o condona, salvo si es por regalo o legado testamentario, tiene que incluir en su ingreso la cantidad cancelada. Income tax 2012 forms No recibe ningún ingreso de la deuda cancelada si se le dio como regalo. Income tax 2012 forms Una deuda incluye toda deuda de la cual sea responsable o que se relacione con bienes suyos. Income tax 2012 forms Si la deuda no es comercial, declare la cantidad cancelada en la línea 21 del Formulario 1040. Income tax 2012 forms Si es una deuda comercial, declare la cantidad en el Anexo C (Formulario 1040) o en el Anexo C-EZ (Formulario 1040) (o en el Anexo F (Formulario 1040), Profit or Loss From Farming (Pérdidas o ganancias por actividades agrícolas), en inglés, si la deuda es una deuda agrícola y usted es granjero). Income tax 2012 forms Formulario 1099-C. Income tax 2012 forms   Si tiene una deuda de $600 o más y una agencia del gobierno federal, institución financiera o cooperativa de crédito la cancela o la condona, usted recibirá el Formulario 1099-C, Cancellation of Debt (Cancelación de la deuda), en inglés. Income tax 2012 forms La cantidad de la deuda cancelada aparece en el recuadro 2. Income tax 2012 forms Intereses incluidos en una deuda cancelada. Income tax 2012 forms   Si el pago de algunos intereses se condona y se suma a la cantidad de deuda cancelada en el recuadro 2, la cantidad de intereses también aparecerá en el recuadro 3. Income tax 2012 forms El tener que incluir la parte de los intereses de la deuda cancelada en su ingreso depende de si los intereses serían deducibles cuando usted los pagó. Income tax 2012 forms Consulte Deuda deducible más adelante, bajo Excepciones . Income tax 2012 forms   Si los intereses no se pueden deducir (por ejemplo, interés sobre un préstamo personal), incluya en sus ingresos la cantidad del recuadro 2 del Formulario 1099-C. Income tax 2012 forms Si los intereses sí se pueden deducir (por ejemplo, intereses sobre un préstamo comercial), incluya en sus ingresos la cantidad neta de la deuda cancelada (la cantidad que aparece en el recuadro 2 menos la cantidad de intereses que aparece en el recuadro 3). Income tax 2012 forms Préstamo hipotecario con descuento. Income tax 2012 forms   Si su institución financiera ofrece un descuento por el pago anticipado de su préstamo hipotecario, la cantidad del descuento se considera deuda cancelada. Income tax 2012 forms Tiene que incluir la cantidad cancelada en sus ingresos. Income tax 2012 forms Exoneración del pago hipotecario al momento de la venta u otra enajenación. Income tax 2012 forms   Si es personalmente responsable del pago de una hipoteca (deuda con recurso) y queda exonerado del pago de la hipoteca al enajenar la propiedad, puede obtener una pérdida o ganancia hasta el valor justo de mercado de la propiedad. Income tax 2012 forms A medida que la eliminación de la hipoteca sobrepase el valor justo de mercado de la propiedad, se considerará ingreso proveniente de la eliminación de deudas a menos que reúna los requisitos para ser excluida, los cuales se indican en el tema titulado Deuda excluida , más adelante. Income tax 2012 forms Declare todo ingreso proveniente de la eliminación de deudas no comerciales que no reúna los requisitos para ser excluido como otros ingresos en la línea 21 del Formulario 1040. Income tax 2012 forms    Quizás pueda excluir una parte de la exoneración del pago hipotecario sobre su residencia principal. Income tax 2012 forms Vea Deuda excluida , más adelante. Income tax 2012 forms   Si no es personalmente responsable del pago de una hipoteca (deuda sin recurso) y queda exonerado del pago de la hipoteca al enajenar la propiedad (por ejemplo, a través de una ejecución hipotecaria), esa exoneración se incluye en la cantidad que usted realiza. Income tax 2012 forms Es posible que tenga una ganancia sujeta a impuestos si la cantidad que usted obtiene excede de la base ajustada de la propiedad. Income tax 2012 forms Declare toda ganancia sobre propiedad no comercial como ganancia de capital. Income tax 2012 forms   Vea la Publicación 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments (Deudas canceladas, ejecuciones hipotecarias, embargo de bienes raíces y abandonos), en inglés, para más información. Income tax 2012 forms Deuda de accionistas. Income tax 2012 forms   Si es accionista de una sociedad anónima y ésta cancela o condona su deuda con ella, la deuda cancelada se considera una distribución implícita que generalmente es ingreso de dividendos para usted. Income tax 2012 forms Para más información, vea la Publicación 542, Corporations (Sociedades anónimas), en inglés. Income tax 2012 forms   Si es accionista de una sociedad anónima y cancela una deuda que a usted le debe la sociedad anónima, generalmente no recibe (realiza) ingreso. Income tax 2012 forms Esto se debe a que la deuda cancelada se considera una aportación al capital de la sociedad anónima por un monto equivalente a la cantidad del capital de la deuda que usted canceló. Income tax 2012 forms Reintegro de deuda cancelada. Income tax 2012 forms   Si incluye una cantidad cancelada en sus ingresos y luego paga el saldo adeudado, posiblemente pueda solicitar un reembolso para el año en que dicha cantidad se incluyó en los ingresos. Income tax 2012 forms Puede solicitar un reembolso en el Formulario 1040X, Amended U. Income tax 2012 forms S. Income tax 2012 forms Individual Income Tax Return (Declaración enmendada del impuesto estadounidense sobre los ingresos personales), en inglés, si la ley de prescripción para solicitar reembolsos está vigente. Income tax 2012 forms Generalmente, el plazo de prescripción no vence sino hasta 3 años después de la fecha de vencimiento de la declaración original. Income tax 2012 forms Excepciones Existen varias excepciones a la inclusión de deuda cancelada en los ingresos. Income tax 2012 forms Éstas se explican a continuación. Income tax 2012 forms Préstamos para estudiantes. Income tax 2012 forms   Ciertos préstamos para estudiantes incluyen una disposición que establece que se cancelará la totalidad o parte de la deuda en la que se ha incurrido por asistir a la institución educativa calificada a condición de que usted trabaje durante determinado período de tiempo en ciertas profesiones con una amplia gama de empleadores. Income tax 2012 forms   No se considera que tiene ingresos si su préstamo para estudiantes se cancela después de que haya aceptado esta disposición y prestado los servicios requeridos. Income tax 2012 forms Para satisfacer las condiciones, el préstamo tiene que haber sido otorgado por: El gobierno federal, un gobierno estatal o local, o una agencia, organismo o subdivisión de éstos; Una sociedad anónima de beneficios públicos exenta de impuestos que haya asumido el control de un hospital estatal, de condado o municipal y cuyos empleados se consideren empleados públicos según la ley estatal o Una institución de enseñanza superior: Según un acuerdo firmado con una entidad descrita en los puntos (1) o (2) que proporcionó fondos a la institución para otorgar el préstamo o Como parte de un programa de la institución designada para motivar a sus estudiantes a desempeñar ocupaciones con necesidades subatendidas y bajo el cual los servicios se prestan por los estudiantes ( o ex estudiantes) para o bajo la dirección de una entidad gubernamental o una organización que no está sujeta a impuestos tal conforme a la sección 501(c)(3). Income tax 2012 forms   Un préstamo para refinanciar un préstamo para estudiantes calificado también reunirá los requisitos si lo otorga una institución de enseñanza superior o una organización exenta de impuestos que reúne los requisitos dentro de un programa diseñado conforme al punto (3)(b) anterior. Income tax 2012 forms Asistencia para el reintegro de préstamos de estudios. Income tax 2012 forms   No están sujetos a impuestos los reintegros de préstamos de estudios otorgados por el National Health Service Corps Loan Repayment Program (Programa de Reintegro de Préstamos del Cuerpo Nacional de Servicios de Salud (NHSC, por sus siglas en inglés)) por un programa estatal de reintegro de préstamos de estudios que reúna los requisitos para recibir fondos conforme a la Public Health Service Act (Ley sobre el Servicio de Salud Pública) o por cualquier otro programa estatal para el reintegro de préstamos o la condonación de préstamos si dicho programa está destinado a aumentar la disponibilidad de servicios de salud en zonas subatendidas o que carecen de profesionales de salud. Income tax 2012 forms    La disposición relacionada con “cualquier otro programa estatal para el reintegro de préstamos o la condonación de préstamos” se agregó a la exclusión de fondos de préstamo recibidos en años tributarios que hayan comenzado después del 31 de diciembre de 2008. Income tax 2012 forms Si incluyó estos fondos en los ingresos del año 2010, 2011 ó 2012, debe presentar una declaración de impuestos enmendada para excluir dichos ingresos. Income tax 2012 forms Vea el Formulario 1040X y sus Instrucciones para más detalles sobre cómo presentarlo. Income tax 2012 forms Deuda deducible. Income tax 2012 forms   No tiene ingreso de la cancelación de una deuda si se puede deducir el pago de la deuda. Income tax 2012 forms Esta excepción se aplica sólo si se usa el método contable a base de efectivo. Income tax 2012 forms Para obtener más información, consulte el capítulo 5 de la Publicación 334, Tax Guide For Small Business (Guía tributaria para pequeños negocios), en inglés. Income tax 2012 forms Precio reducido después de la compra. Income tax 2012 forms   En la mayoría de los casos, si el vendedor reduce la cantidad que usted adeuda por bienes que usted compró, no tiene ingreso resultante de la reducción. Income tax 2012 forms La reducción de la deuda se trata como un ajuste al precio de compra y reduce su base en los bienes. Income tax 2012 forms Deuda excluida. Income tax 2012 forms   No incluya en su ingreso bruto una deuda cancelada en las siguientes situaciones: La deuda se cancela en un caso de bancarrota conforme al Título 11 del Código de los Estados Unidos. Income tax 2012 forms Consulte la Publicación 908, Bankruptcy Tax Guide (Guía tributaria sobre bancarrotas), en inglés. Income tax 2012 forms La deuda se cancela cuando usted es clasificado como insolvente. Income tax 2012 forms Sin embargo, no puede excluir cantidad alguna de la deuda cancelada que sea mayor que la cantidad que lo clasifica como insolvente. Income tax 2012 forms Consulte la Publicación 908, en inglés. Income tax 2012 forms La deuda es una deuda agrícola calificada y la cancela una persona calificada. Income tax 2012 forms Consulte el capítulo 3 de la Publicación 225, Farmer's Tax Guide (Guía tributaria para agricultores), en inglés. Income tax 2012 forms La deuda es una deuda comercial de bienes raíces calificada. Income tax 2012 forms Consulte el capítulo 5 de la Publicación 334, en inglés. Income tax 2012 forms La cancelación es un regalo (donación). Income tax 2012 forms La deuda es una deuda calificada sobre la residencia principal. Income tax 2012 forms Para más información, vea la Publicación 525, en inglés. Income tax 2012 forms Anfitrión o Anfitriona Si usted es anfitrión de una fiesta o evento donde se hacen ventas, todo regalo o propina que reciba por organizar el evento se considera un pago por ayudar a un vendedor directo a hacer ventas. Income tax 2012 forms Tiene que declarar dicho regalo o propina como ingresos al valor justo de mercado. Income tax 2012 forms Los gastos de bolsillo relacionados con la fiesta están sujetos al límite del 50% correspondiente a gastos de comida y entretenimiento. Income tax 2012 forms Dichos gastos son deducibles como deducciones detalladas misceláneas sujetos al límite del 2% del ingreso bruto ajustado (AGI, por sus siglas en inglés) en el Anexo A (Formulario 1040), pero solamente hasta el monto del ingreso que usted reciba por organizar la fiesta. Income tax 2012 forms Para más información sobre el límite del 50% para gastos de comida y entretenimiento, vea el capítulo 26 . Income tax 2012 forms Ganancias de un Seguro de Vida Las ganancias de un seguro de vida que recibe debido a la muerte del asegurado no están sujetas a impuestos, a menos que la póliza se le haya cedido a usted a cambio de un precio. Income tax 2012 forms Esto es aplicable aun si los pagos se efectuaron conforme a una póliza de seguro médico o de accidente o un contrato de dotación. Income tax 2012 forms Sin embargo, podrían estar sujetos a impuestos los ingresos de intereses recibidos como parte de un pago de ganancias de seguro de vida. Income tax 2012 forms Pagos no recibidos a plazos. Income tax 2012 forms   Si recibe beneficios por fallecimiento en una suma global o de otro modo que no sea a intervalos regulares, incluya en su ingreso sólo los beneficios cuya cantidad sea mayor que la cantidad que se le debe pagar al momento de la muerte del asegurado. Income tax 2012 forms Si los beneficios por pagar al momento de la muerte del asegurado no están especificados, incluirá en su ingreso los que sean mayores al valor actual pagadero de éstos en la fecha de la muerte del asegurado. Income tax 2012 forms Pagos recibidos a plazos. Income tax 2012 forms   Si recibe pagos de un seguro de vida a plazos, puede excluir de su ingreso una parte de cada pago. Income tax 2012 forms   Para determinar la parte excluida, divida la cantidad mantenida por la compañía de seguros (normalmente la suma global total por pagar en la fecha del fallecimiento de la persona asegurada) por el número de plazos por pagar. Income tax 2012 forms Toda cantidad que quede como excedente después de calcular la parte excluida tiene que ser incluida en sus ingresos como intereses. Income tax 2012 forms Cónyuge sobreviviente. Income tax 2012 forms   Si su cónyuge falleció antes del 23 de octubre de 1986 y los pagos de un seguro recibidos por usted debido a la muerte de su cónyuge se reciben a plazos, puede excluir hasta $1,000 al año de los intereses incluidos en los plazos. Income tax 2012 forms Si se vuelve a casar, puede continuar declarando la exclusión. Income tax 2012 forms Rescate de póliza a cambio de efectivo. Income tax 2012 forms   Si rescata una póliza de seguro de vida a cambio de efectivo, tiene que incluir en los ingresos todo pago mayor que el costo de la póliza de seguro de vida. Income tax 2012 forms En la mayoría de los casos, el costo (o inversión en el contrato) es el total de las primas que usted pagó por la póliza de seguro de vida, menos las primas reembolsadas, descuentos, dividendos o préstamos no reembolsados que no se incluyeron en su ingreso. Income tax 2012 forms    Debe recibir un Formulario 1099-R en el que aparezca el total de los pagos y la parte sujeta a impuestos. Income tax 2012 forms Declare estas cantidades en las líneas 16a y 16b del Formulario 1040 o en las líneas 12a y 12b del Formulario 1040A. Income tax 2012 forms Información adicional. Income tax 2012 forms   Para más información, consulte Life Insurance Proceeds (Ganancias de un seguro de vida) en la Publicación 525, en inglés. Income tax 2012 forms Ganancias de un Contrato de Dotación Un contrato de dotación es una póliza según la cual usted recibe una cantidad especificada de dinero en una fecha determinada, a menos que fallezca antes de esa fecha, en cuyo caso, el dinero se paga a su beneficiario designado. Income tax 2012 forms Las ganancias de un contrato de dotación que se le hagan en una suma global en la fecha de vencimiento están sujetas a impuestos sólo si la cantidad de las ganancias es mayor que el costo de la póliza. Income tax 2012 forms Para determinar el costo, reste toda cantidad que haya recibido previamente conforme al contrato, y que se haya excluido de su ingreso, de las primas totales (u otra consideración) pagadas por el contrato. Income tax 2012 forms Incluya en sus ingresos la parte del pago de suma global que sea mayor que el costo. Income tax 2012 forms Beneficios Acelerados por Fallecimiento Ciertas cantidades pagadas como beneficios acelerados por fallecimiento conforme a un contrato de seguro de vida o una liquidación de tipo viático antes del fallecimiento del asegurado se excluyen de los ingresos si el asegurado padece de una enfermedad crónica o mortal. Income tax 2012 forms Acuerdos viáticos. Income tax 2012 forms   Es la venta o asignación de cualquier parte del beneficio por fallecimiento conforme a un contrato de seguro de vida a un proveedor de acuerdos viáticos. Income tax 2012 forms Un proveedor de acuerdos viáticos es una persona que ejerce regularmente la actividad de comprar o asumir la asignación de contratos de seguro de vida de personas aseguradas en vida que padecen una enfermedad crónica o mortal y que satisface los requisitos de la sección 101(g)(2)(B) del Código de Impuestos Internos. Income tax 2012 forms Exclusión por enfermedad mortal. Income tax 2012 forms    Los beneficios acelerados por fallecimiento son totalmente excluibles si el asegurado es una persona que padece una enfermedad mortal. Income tax 2012 forms Ésta es una persona cuyo médico ha certificado que tiene una enfermedad o condición física que se espera razonablemente que resulte en su muerte dentro de un período de 24 meses a partir de la fecha de la certificación. Income tax 2012 forms Exclusión por enfermedad crónica. Income tax 2012 forms    Si el asegurado es una persona con una enfermedad crónica pero no está desahuciado, los beneficios acelerados por fallecimiento pagados en base a los costos en los que se ha incurrido por servicios de cuidado a largo plazo son totalmente excluibles. Income tax 2012 forms Los beneficios acelerados por fallecimiento pagados por día o de otra forma periódica son excluibles hasta un límite. Income tax 2012 forms Este límite corresponde al total de los beneficios acelerados por fallecimiento y a los pagos periódicos recibidos de contratos de seguro de cuidados a largo plazo. Income tax 2012 forms Para obtener información sobre el límite y las definiciones de persona con enfermedad crónica, servicios calificados del cuidado a largo plazo y contratos de seguro de cuidados a largo plazo, consulte Long-Term Care Insurance Contracts (Contratos de seguro de cuidado a largo plazo) bajo Sickness and Injury Benefits (Beneficios por enfermedad y lesiones) en la Publicación 525, en inglés. Income tax 2012 forms Excepción. Income tax 2012 forms   La exclusión no corresponde a ninguna cantidad pagada a una persona (excepto al asegurado) que tenga una participación asegurable en la vida del asegurado, porque dicho asegurado: Es director, funcionario o empleado de dicha persona o Tiene una participación económica en el negocio de dicha persona. Income tax 2012 forms Formulario 8853. Income tax 2012 forms   Para reclamar una exclusión por concepto de beneficios acelerados por fallecimiento que se efectúen a diario o de otra forma periódica, tiene que presentar junto con su declaración el Formulario 8853, Archer MSAs and Long-Term Care Insurance Contracts (Cuentas Archer MSA de ahorros médicos y contratos del seguro de cuidado a largo plazo), en inglés. Income tax 2012 forms No tiene que presentar el Formulario 8853 para excluir beneficios acelerados por fallecimiento pagados basándose en gastos reales en los que usted haya incurrido. Income tax 2012 forms Funcionario de Seguridad Pública Fallecido en el Cumplimiento del Deber Si es sobreviviente de un funcionario de seguridad pública que falleció en el cumplimiento del deber, tal vez pueda excluir de los ingresos ciertas cantidades que reciba. Income tax 2012 forms Para este propósito, el término “funcionario de seguridad pública” incluye a los funcionarios encargados de mantener el orden público, bomberos, capellanes, miembros de brigadas de rescate y miembros de servicios de ambulancia. Income tax 2012 forms Consulte la Publicación 559, Survivors, Executors, and Administrators (Sobrevivientes, albaceas y administradores), en inglés, para más información. Income tax 2012 forms Ingresos de Sociedades Colectivas Una sociedad colectiva generalmente no es una entidad sujeta a impuestos. Income tax 2012 forms El ingreso, ganancias, pérdidas, deducciones y créditos de una sociedad colectiva se traspasan a los socios de acuerdo con la parte distributiva de los mismos para cada socio. Income tax 2012 forms Anexo K-1 (Formulario 1065). Income tax 2012 forms    Aunque una sociedad colectiva generalmente no paga impuestos, ésta tiene que presentar una declaración informativa en el Formulario 1065, U. Income tax 2012 forms S. Income tax 2012 forms Return of Partnership Income (Declaración de impuestos estadounidenses sobre los ingresos de sociedades colectivas), en inglés, y enviar el Anexo K-1 (Formulario 1065) a cada socio. Income tax 2012 forms Además, la sociedad colectiva enviará a cada socio una copia de las Partner's Instructions for Schedule K-1 (Instrucciones para el Anexo K-1 (Formulario 1065) del socio), en inglés, para ayudarlos a declarar su participación de los ingresos, deducciones, créditos y partidas que reciben trato tributario preferencial de la sociedad colectiva. Income tax 2012 forms Guarde el Anexo K-1 (Formulario 1065) para sus registros. Income tax 2012 forms Adjúntelo al Formulario 1040 a menos que usted esté específicamente requerido hacerlo. Income tax 2012 forms Para obtener más información sobre las sociedades colectivas, consulte la Publicación 541, Partnerships (Sociedades colectivas), en inglés. Income tax 2012 forms Empresa conjunta que reúne los requisitos. Income tax 2012 forms   Si usted y su cónyuge cada uno tienen una participación material como socios únicos de un negocio de posesión y operación conjunta, y presentan una declaración conjunta para el año tributario, pueden optar conjuntamente que se les considere empresa conjunta que reúne los requisitos en vez de sociedad colectiva. Income tax 2012 forms Para optar por este trato, tienen que dividir todo elemento que corresponda a ingresos, ganancias, pérdidas, deducciones o créditos atribuibles a la empresa entre usted y su cónyuge conforme a la participación de cada uno en la empresa. Income tax 2012 forms Para más información sobre cómo optar por este trato y qué anexos debe presentar, vea las instrucciones para su declaración de impuestos individual. Income tax 2012 forms Ingresos de Sociedad Anónima de Tipo S En la mayoría de los casos, una sociedad anónima de tipo S no paga impuestos sobre sus ingresos. Income tax 2012 forms En lugar de ello, los ingresos, pérdidas, deducciones y créditos de la sociedad anónima se traspasan a los accionistas de acuerdo con la participación prorrateada de cada accionista. Income tax 2012 forms Anexo K-1 (Formulario 1120S). Income tax 2012 forms   Una sociedad anónima de tipo S tiene que presentar una declaración en el Formulario 1120S, U. Income tax 2012 forms S. Income tax 2012 forms Income Tax Return for an S Corporation (Declaración del impuesto estadounidense sobre el ingreso de una sociedad anónima de tipo S), en inglés, y enviar el Anexo K-1 (Formulario 1120S), en inglés, a cada accionista. Income tax 2012 forms Además, la sociedad anónima de tipo S enviará a cada accionista una copia de las Shareholder's Instructions for Schedule K-1 (Instrucciones para el Anexo K-1 (Formulario 1120S) del accionista), en inglés, para ayudarlo a declarar su participación en los ingresos, pérdidas, créditos y deducciones de la sociedad anónima de tipo S. Income tax 2012 forms Guarde el Anexo K-1 (Formulario 1120S) para sus registros. Income tax 2012 forms Adjúntelo al Formulario 1040, a menos que usted esté específicamente requerido hacerlo. Income tax 2012 forms Para más información sobre las sociedades anónimas de tipo S y sus accionistas, consulte las Instrucciones para el Formulario 1120S. Income tax 2012 forms Recuperación de Fondos Una recuperación es un reembolso de una cantidad que usted dedujo o declaró como crédito en un año anterior. Income tax 2012 forms Las recuperaciones más comunes son devoluciones, reembolsos y descuentos de deducciones detalladas en el Anexo A (Formulario 1040). Income tax 2012 forms También puede tener recuperaciones de deducciones no detalladas (como pagos por deudas incobrables deducidas previamente) y recuperaciones de conceptos por los cuales previamente reclamó un crédito tributario. Income tax 2012 forms Regla de beneficios tributarios. Income tax 2012 forms   Tiene que incluir en su ingreso una recuperación en el año en que la recibe hasta la cantidad en que la deducción o el crédito que declaró por la cantidad recuperada redujo su impuesto en el año anterior. Income tax 2012 forms Para este propósito, se considera que todo aumento a una cantidad trasladada al año actual que resultara de la deducción o del crédito ha reducido su impuesto en el año anterior. Income tax 2012 forms Para más información, vea la Publicación 525, en inglés. Income tax 2012 forms Reembolso de impuestos federales sobre los ingresos. Income tax 2012 forms   Los reembolsos de los impuestos federales sobre los ingresos no se incluyen en sus ingresos porque nunca son permisibles como una deducción de los ingresos. Income tax 2012 forms Reembolso de impuestos estatales sobre los ingresos. Income tax 2012 forms   Si recibió un reembolso de impuestos estatales o locales sobre los ingresos (crédito o cantidad neta de deudas) en el año 2013, por lo general tiene que incluirlo en el ingreso si dedujo el impuesto en un año anterior. Income tax 2012 forms El pagador debe enviarle el Formulario 1099-G, Certain Government Payments (Ciertos pagos del gobierno), en inglés, para el 31 de enero del año 2014. Income tax 2012 forms El IRS también recibirá una copia del Formulario 1099-G. Income tax 2012 forms Si presenta el Formulario 1040, use la State and Local Income Tax Refund Worksheet (Hoja de trabajo para reembolsos del impuesto estatal y local sobre el ingreso), en inglés, en las instrucciones del Formulario 1040 del año 2013 para la línea 10 para calcular la cantidad (si la hay) que se debe incluir en su ingreso. Income tax 2012 forms Vea la Publicación 525, en inglés, para saber cuándo tiene que usar otra hoja de trabajo. Income tax 2012 forms   Si pudo optar por deducir para un año tributario cualquiera de los siguientes: Impuestos estatales o locales sobre los ingresos o Impuestos estatales o locales sobre ventas generales, entonces el reembolso máximo que tal vez tenga que incluir en los ingresos se limita al impuesto excedente que optó por deducir ese año sobre el impuesto que no dedujo ese año. Income tax 2012 forms Para ver ejemplos, consulte la Publicación 525, en inglés. Income tax 2012 forms Reembolso de intereses hipotecarios. Income tax 2012 forms    Si recibió un reembolso o un crédito en el año 2013 de intereses hipotecarios que pagó en un año anterior, la cantidad debe aparecer en el recuadro 3 del Formulario 1098, Mortgage Interest Statement (Declaración de intereses hipotecarios), en inglés. Income tax 2012 forms No reste la cantidad del reembolso de los intereses que pagó en el año 2013. Income tax 2012 forms Tal vez tenga que incluirla en su ingreso según las reglas que se explican en los siguientes párrafos. Income tax 2012 forms Intereses sobre la recuperación. Income tax 2012 forms   Los intereses sobre todas las cantidades que usted recupere se tienen que declarar como ingresos de intereses en el año en que los reciba. Income tax 2012 forms Por ejemplo, declare todos los intereses que reciba en reembolsos de impuestos estatales o locales sobre los ingresos en la línea 8a del Formulario 1040. Income tax 2012 forms Recuperación y gastos en el mismo año. Income tax 2012 forms   Si el reembolso u otra recuperación y los gastos se producen en el mismo año, la recuperación reduce la deducción o el crédito y no se declara como ingreso. Income tax 2012 forms Recuperación de 2 años o más. Income tax 2012 forms   Si recibe un reembolso u otra recuperación por las cantidades que pagó durante 2 años o más distintos, debe asignar, a prorrateo, la cantidad recuperada entre los años en que pagó estas cantidades. Income tax 2012 forms Esta asignación es necesaria para determinar la cantidad de recuperación de algún año anterior y para determinar la cantidad, si la hay, de la deducción permisible correspondiente a esta partida en el año actual. Income tax 2012 forms Para obtener información sobre cómo calcular la asignación, consulte Recoveries (Recuperaciones) en la Publicación 525, en inglés. Income tax 2012 forms Recuperaciones de Deducciones Detalladas Si recupera alguna cantidad que dedujo en un año anterior en el Anexo A (Formulario 1040), por lo general tiene que incluir en los ingresos la cantidad total de la recuperación en el año en que la recibe. Income tax 2012 forms Dónde hacer la declaración. Income tax 2012 forms   Anote su reembolso de impuestos estatales o locales sobre el ingreso en la línea 10 del Formulario 1040 y el total de todas las demás recuperaciones como otros ingresos en la línea 21 del Formulario 1040. Income tax 2012 forms No puede usar el Formulario 1040A ni el Formulario 1040EZ. Income tax 2012 forms Límite de deducción estándar. Income tax 2012 forms   Por lo general, puede declarar la deducción estándar si no detalla las deducciones. Income tax 2012 forms Sólo las deducciones detalladas mayores que la deducción estándar están sujetas a la regla de recuperación (a menos que a usted se le exija detallar sus deducciones). Income tax 2012 forms Si las deducciones en la declaración del año anterior no fueron mayores que los ingresos de ese año, incluya en los ingresos del año actual la cantidad menor entre: Sus recuperaciones o La cantidad en que sus deducciones detalladas excedieron del límite de la deducción estándar. Income tax 2012 forms Ejemplo. Income tax 2012 forms Para el año 2012, usted presentó una declaración conjunta. Income tax 2012 forms Su ingreso sujeto a impuestos fue $60,000 y no tenía derecho a crédito tributario alguno. Income tax 2012 forms Su deducción estándar fue $11,900 y había detallado deducciones de $14,000. Income tax 2012 forms En el año 2013, recibió las siguientes recuperaciones por las cantidades deducidas en la declaración del año 2012: Gastos médicos $200 Reembolso de impuestos estatales y locales sobre los ingresos 400 Reembolso de intereses hipotecarios 325 Total de recuperaciones $925 Ninguna de las recuperaciones fue mayor que las deducciones declaradas para el año 2012. Income tax 2012 forms La diferencia entre los impuestos sobre el ingreso estatales y locales deducidos y el impuesto local general sobre ventas fue mayor que $400. Income tax 2012 forms El total de las recuperaciones fue menor que la cantidad por la cual las deducciones detalladas excedieron de la deducción estándar ($14,000 − 11,900 = $2,100); por lo tanto, tiene que incluir en su ingreso el total de las recuperaciones para el año 2013. Income tax 2012 forms Declare el reembolso de impuestos sobre el ingreso estatales o locales de $400 en la línea 10 del Formulario 1040 y el saldo de las recuperaciones, $525, en la línea 21 del Formulario 1040. Income tax 2012 forms Deducción estándar para años anteriores. Income tax 2012 forms   Para determinar si las cantidades recuperadas en el año 2013 se tienen que incluir en su ingreso, tiene que saber cuál es la deducción estándar para su estado civil para efectos de la declaración del año en que se declaró la deducción. Income tax 2012 forms Vea las instrucciones de su declaración de impuestos de años anteriores para encontrar la deducción estándar para su estado civil para dicho año anterior. Income tax 2012 forms Ejemplo. Income tax 2012 forms Usted presentó una declaración conjunta en el Formulario 1040 para el año 2012 con ingresos sujetos a impuestos de $45,000. Income tax 2012 forms Sus deducciones detalladas fueron $12,350. Income tax 2012 forms La deducción estándar que pudo haber declarado fue $11,900. Income tax 2012 forms En el año 2013, recuperó $2,100 de sus deducciones detalladas del año 2012. Income tax 2012 forms Ninguna de las recuperaciones fue mayor que las deducciones reales para el año 2012. Income tax 2012 forms Incluya en sus ingresos del año 2013 $450 de las recuperaciones. Income tax 2012 forms Ésta es la menor de las recuperaciones ($2,100) o la cantidad por la cual las deducciones detalladas superaban la deducción estándar ($12,350 − 11,900 = $450). Income tax 2012 forms Recuperación limitada a la cantidad de la deducción. Income tax 2012 forms   No incluya en los ingresos ninguna cantidad de recuperación que sea mayor que la cantidad que usted dedujo en el año anterior. Income tax 2012 forms La cantidad que se incluye en los ingresos se limita a la menor de las siguientes cantidades: La cantidad deducida en el Anexo A del Formulario 1040 o La cantidad recuperada. Income tax 2012 forms Ejemplo. Income tax 2012 forms En el año 2012, usted pagó $1,700 en gastos médicos. Income tax 2012 forms De dicha cantidad, restó $1,500, o sea, el 7. Income tax 2012 forms 5% de sus ingresos brutos ajustados. Income tax 2012 forms Reclamó una deducción de $200 por gastos médicos. Income tax 2012 forms En 2013, recibió un reembolso de $500 de su seguro médico por sus gastos del año 2012. Income tax 2012 forms La única parte del reembolso de $500 que se tiene que incluir en los ingresos correspondientes al año 2013 es $200, o sea, la cantidad que fue deducida. Income tax 2012 forms Otras recuperaciones. Income tax 2012 forms   Consulte Recoveries (Recuperaciones) en la Publicación 525, en inglés, si: Tiene recuperaciones de partidas que no sean deducciones detalladas o Recibió recuperación de una partida por la cual reclamó un crédito tributario (que no sea el crédito por inversiones ni el crédito por impuestos extranjeros) en un año anterior. Income tax 2012 forms Alquileres de Bienes Muebles Si alquila bienes muebles, como equipos o vehículos, la forma en que usted declara sus ingresos y gastos, en la mayoría de los casos, se determina conforme a lo siguiente: Si la actividad de alquiler es un negocio o no y Si la actividad de alquiler se realiza con o sin fines de lucro. Income tax 2012 forms En la mayoría de los casos, si su propósito principal es obtener ingresos o ganancias y usted participa en forma continua y regular en la actividad de alquiler, la actividad de alquiler es un negocio. Income tax 2012 forms Consulte la Publicación 535, Business Expenses (Gastos de negocio), en inglés, para obtener detalles sobre la deducción de gastos por actividades comerciales y actividades sin fines de lucro. Income tax 2012 forms Cómo declarar ingresos y gastos de negocio. Income tax 2012 forms    Si se dedica al negocio de alquilar bienes muebles, declare sus ingresos y gastos en el Anexo C o en el Anexo C-EZ (Formulario 1040). Income tax 2012 forms Las instrucciones del formulario contienen información sobre cómo completarlos. Income tax 2012 forms Cómo declarar ingresos no comerciales. Income tax 2012 forms   Si no se dedica al negocio de alquilar bienes muebles, declare los ingresos de alquiler en la línea 21 del Formulario 1040. Income tax 2012 forms Indique el tipo y la cantidad del ingreso en la línea de puntos junto a la línea 21. Income tax 2012 forms Cómo declarar gastos no comerciales. Income tax 2012 forms   Si alquila bienes muebles para obtener ganancias, incluya sus gastos de alquiler en la cantidad total que se anota en la línea 36 del Formulario 1040. Income tax 2012 forms También anote la cantidad y las letras “PPR” en la línea de puntos junto a la línea 36. Income tax 2012 forms   Si no alquila bienes muebles para obtener ganancias, las deducciones son limitadas y no puede declarar una pérdida para compensar otro ingreso. Income tax 2012 forms Consulte Actividad sin fines de lucro , más adelante, bajo Otros Ingresos . Income tax 2012 forms Reintegros Si tuvo que reintegrar una cantidad incluida en sus ingresos de un año anterior, tal vez pueda deducir la cantidad reintegrada de los ingresos del año en que la reintegró. Income tax 2012 forms O bien, si la cantidad que reintegró es superior a $3,000, tal vez pueda reclamar un crédito contra su impuesto para el año en que la reintegró. Income tax 2012 forms Por lo general, puede reclamar una deducción o un crédito sólo si el reintegro reúne los requisitos como gasto o pérdida en los que ha incurrido en su ocupación o negocio o en una transacción con fines de lucro. Income tax 2012 forms Tipo de deducción. Income tax 2012 forms   El tipo de deducción que le es permitido en el año del reintegro depende del tipo de ingreso que haya incluido en el año anterior. Income tax 2012 forms Normalmente, deduce el reintegro en el mismo formulario o anexo en que lo declaró previamente como ingreso. Income tax 2012 forms Por ejemplo, si lo declaró como ingreso del trabajo por cuenta propia, dedúzcalo como gastos de negocio en el Anexo C, en el Anexo C-EZ (Formulario 1040) o en el Anexo F (Formulario 1040). Income tax 2012 forms Si lo declaró como ganancias de capital, dedúzcalo como pérdida de capital según se explica en las Instrucciones del Anexo D (Formulario 1040). Income tax 2012 forms Si lo declaró como salarios, compensación por desempleo u otros ingresos no comerciales, dedúzcalo como deducción detallada miscelánea en el Anexo A (Formulario 1040). Income tax 2012 forms Beneficios del Seguro Social reintegrados. Income tax 2012 forms   Si reintegró beneficios del Seguro Social o beneficios equivalentes de la jubilación ferroviaria, vea Reintegro de beneficios en el capítulo 11. Income tax 2012 forms Reintegro de $3,000 o menos. Income tax 2012 forms   Si la cantidad que reintegró fue $3,000 o menos, dedúzcala de sus ingresos en el año en que la reintegró. Income tax 2012 forms Si la tiene que deducir como deducción detallada miscelánea, anótela en la línea 23 del Anexo A (Formulario 1040). Income tax 2012 forms Reintegro superior a $3,000. Income tax 2012 forms   Si la cantidad que reintegró fue superior a $3,000, puede deducir el reintegro (como se explica bajo Tipo de deducción , anteriormente). Income tax 2012 forms Sin embargo, a cambio de esto puede reclamar un crédito tributario para el año de reembolso si incluyó el ingreso conforme a una reclamación de derecho. Income tax 2012 forms Esto significa que en el momento en que incluyó el ingreso, parecía que tenía un derecho sin restricción a éste. Income tax 2012 forms Si reúne los requisitos para esta opción, calcule el impuesto bajo ambos métodos y compare los resultados. Income tax 2012 forms Use el método (deducción o crédito) que genere menos impuesto. Income tax 2012 forms Cuando determine si la cantidad que reintegró fue mayor que o menos de $3,000, considere el monto total que reintegra en la declaración. Income tax 2012 forms Cada instancia de reintegro no se considera por separado. Income tax 2012 forms Método 1. Income tax 2012 forms   Calcule su impuesto para el año 2013 declarando una deducción por la cantidad reintegrada. Income tax 2012 forms Si la tiene que deducir como deducción detallada miscelánea, anótela en la línea 28 del Anexo A (Formulario 1040). Income tax 2012 forms Método 2. Income tax 2012 forms   Calcule su impuesto para el año 2013 reclamando un crédito por la cantidad reintegrada. Income tax 2012 forms Siga estos pasos: Calcule su impuesto para el año 2013 sin deducir la cantidad reintegrada. Income tax 2012 forms Vuelva a calcular su impuesto del año anterior sin incluir en el ingreso la cantidad que reintegró en el año 2013. Income tax 2012 forms Reste el impuesto en el punto (2) del impuesto que aparece en su declaración para el año anterior. Income tax 2012 forms Éste es el crédito. Income tax 2012 forms Reste el resultado en el punto (3) del impuesto para el año 2013 calculado sin la deducción (el paso 1). Income tax 2012 forms   Si el método 1 genera menos impuesto, deduzca la cantidad reintegrada. Income tax 2012 forms Si el método 2 genera menos impuesto, reclame el crédito calculado en el punto (3) anteriormente, en la línea 71 del Formulario 1040, sumando la cantidad del crédito al monto de todo crédito que aparezca en esta línea y anote “I. Income tax 2012 forms R. Income tax 2012 forms C. Income tax 2012 forms 1341” (sección 1341 del Código de Impuestos Internos) en la columna a la derecha junto a la línea 71. Income tax 2012 forms   Un ejemplo de este cálculo se puede encontrar en la Publicación 525, en inglés. Income tax 2012 forms Salarios reintegrados sujetos a los impuestos del Seguro Social y del Medicare. Income tax 2012 forms   Si usted tuvo que reintegrar una cantidad que incluyó en sus salarios o remuneración en un año anterior sobre los cuales pagó impuestos del Seguro Social, Medicare o impuestos conforme a la Ley Tributaria de Jubilación de Empleados Ferroviarios (RRTA, por sus siglas en inglés) del nivel 1, pídale a su empleador que le reembolse la cantidad pagada en exceso a usted. Income tax 2012 forms Si el empleador se niega a reembolsarle los impuestos, pídale un documento escrito en donde se muestre la cantidad recaudada en exceso. Income tax 2012 forms Esto le servirá como documento de apoyo para su reclamación. Income tax 2012 forms Presente una reclamación para reembolso utilizando el Formulario 843, Claim for Refund and Request for Abatement (Reclamación para reembolso y reducción de impuestos), en inglés. Income tax 2012 forms Salarios reintegrados sujetos al Impuesto Adicional del Medicare. Income tax 2012 forms   Los empleadores no pueden realizar ajustes ni presentar reclamaciones para reembolsos de la retención del Impuesto Adicional del Medicare cuando hay un reintegro de salarios recibidos por un empleado en un año anterior debido a que el empleado determina su responsabilidad del Impuesto Adicional del Medicare basándose en la declaración de impuestos sobre los ingresos del año anterior de él o ella. Income tax 2012 forms Si usted tuvo que reintegrar una cantidad que incluyó en sus salarios o remuneración en un año anterior y sobre los cuales pagó el Impuesto Adicional del Medicare, quizás pueda recuperar dicho Impuesto Adicional del Medicare que pagó sobre esa cantidad. Income tax 2012 forms Para recuperar el Impuesto Adicional del Medicare sobre los salarios o remuneración reintegrados, tiene que presentar el Formulario 1040X, Amended U. Income tax 2012 forms S. Income tax 2012 forms Individual Income Tax Return (Declaración enmendada del impuesto federal estadounidense sobre el ingreso personal), en inglés, para el año anterior en el cual los salarios o remuneración fueron recibidos originalmente. Income tax 2012 forms Vea las Instrucciones para el Formulario 1040X, disponibles en inglés. Income tax 2012 forms Regalías Las regalías de derechos de autor, patentes y de propiedades de petróleo, gas y minerales están sujetas a impuestos como ingreso ordinario. Income tax 2012 forms En la mayoría de los casos, usted declara las regalías en la Parte I del Anexo E (Formulario 1040). Income tax 2012 forms Sin embargo, si tiene intereses operativos petrolíferos, de gas o minerales o si su ocupación es escritor, inventor, artista, etc. Income tax 2012 forms , por cuenta propia, declare los ingresos y gastos en el Anexo C o en el Anexo C-EZ (Formulario 1040). Income tax 2012 forms Derechos de autor y patentes. Income tax 2012 forms   Las regalías provenientes de derechos de autor sobre obras literarias, musicales o artísticas y propiedades similares, o de patentes sobre inventos, son cantidades que recibe por el derecho de usar su obra durante un período determinado. Income tax 2012 forms Las regalías generalmente se basan en la cantidad de unidades vendidas, por ejemplo, la cantidad de libros, boletos para un espectáculo o equipos vendidos. Income tax 2012 forms Propiedades de petróleo, gas y minerales. Income tax 2012 forms   Los ingresos por regalías de propiedades de petróleo, gas o minerales son la cantidad que recibe cuando se extraen recursos naturales de su propiedad. Income tax 2012 forms Las regalías se basan en unidades, como barriles, toneladas, etc. Income tax 2012 forms , y las recibe de una persona o compañía que le alquila la propiedad. Income tax 2012 forms Agotamiento. Income tax 2012 forms   Si posee participación económica en yacimientos minerales o en pozos de petróleo o de gas, puede recuperar su inversión a través del descuento por agotamiento. Income tax 2012 forms Para obtener más información sobre este tema, consulte el capítulo 9 de la Publicación 535, en inglés. Income tax 2012 forms Carbón y mineral de hierro. Income tax 2012 forms   En ciertas circunstancias, puede tratar las cantidades que recibe de la enajenación de carbón y mineral de hierro como pagos de la venta de un bien de capital, en lugar de ingresos por regalías. Income tax 2012 forms Para obtener más información sobre pérdidas o ganancias provenientes de la venta de carbón y mineral de hierro, consulte la Publicación 544, en inglés. Income tax 2012 forms Venta de participación de bienes. Income tax 2012 forms   Si vende su participación entera en derechos de petróleo, gas o minerales, la cantidad que reciba se considera pago de la venta de bienes utilizados en una ocupación o negocio conforme a la sección 1231 y no ingresos por regalías. Income tax 2012 forms En ciertas circunstancias, la venta está sujeta a un trato de pérdidas o ganancias de capital según se explica en las Instrucciones del Anexo D (Formulario 1040). Income tax 2012 forms Para obtener más información sobre las ventas de bienes conforme a la sección 1231, consulte el capítulo 3 de la Publicación 544, en inglés. Income tax 2012 forms   Si retiene una regalía, una regalía predominante o una participación de utilidad neta en una propiedad mineral durante la vida útil de dicha propiedad, significa que ha alquilado o subalquilado la propiedad y todo el dinero en efectivo que reciba por la asignación de otras participaciones en la propiedad se considera ingreso ordinario sujeto a descuento por agotamiento. Income tax 2012 forms Parte de una futura producción vendida. Income tax 2012 forms   Si es propietario de una propiedad mineral, pero vende una parte de la producción futura, en la mayoría de los casos, se trata el dinero que recibe del comprador al momento de la venta como préstamo del comprador. Income tax 2012 forms No lo incluya en su ingreso ni declare un agotamiento basado en el mismo. Income tax 2012 forms   Cuando se inicie la producción, incluya en su ingreso todos los pagos, deduzca todos los gastos de producción y deduzca el agotamiento de esa cantidad para obtener su ingreso sujeto a impuestos proveniente de la propiedad. Income tax 2012 forms Beneficios por Desempleo El tratamiento tributario de los beneficios por desempleo recibidos depende del tipo de programa que pague dichos beneficios. Income tax 2012 forms Compensación por desempleo. Income tax 2012 forms    Tiene que incluir en sus ingresos toda compensación por desempleo que haya recibido. Income tax 2012 forms Debe recibir un Formulario 1099-G. Income tax 2012 forms En el recuadro 1 de dicho formulario, debe aparecer la cantidad total de compensación por desempleo que se le pagó. Income tax 2012 forms En la mayoría de los casos, la compensación por desempleo se anota en la línea 19 del Formulario 1040, la línea 13 del Formulario 1040A o la línea 3 del Formulario 1040EZ. Income tax 2012 forms Tipos de compensación por desempleo. Income tax 2012 forms   La compensación por desempleo generalmente incluye todas las cantidades recibidas según una ley de compensación por desempleo de los Estados Unidos o de un estado. Income tax 2012 forms Ésta incluye los siguientes beneficios: Beneficios pagados por un estado o el Distrito de Columbia provenientes del Fondo Fiduciario Federal para el Desempleo. Income tax 2012 forms Beneficios del seguro estatal por desempleo. Income tax 2012 forms Beneficios de compensación por desempleo para empleados ferroviarios. Income tax 2012 forms Pagos por incapacidad de un programa gubernamental en sustitución de la compensación por desempleo. Income tax 2012 forms (Las cantidades recibidas como compensación del seguro obrero por lesiones o enfermedad no se consideran compensación por desempleo. Income tax 2012 forms Consulte el capítulo 5 para obtener más información). Income tax 2012 forms Asignaciones por reajuste comercial según la Trade Act of 1974 (Ley de Comercio de 1974). Income tax 2012 forms Ayuda para el desempleo según la Robert T. Income tax 2012 forms Stafford Disaster Relief and Emergency Assistance Act (Ley Robert T. Income tax 2012 forms Stafford de Alivio en Caso de Desastres y Ayuda en Emergencias). Income tax 2012 forms Ayuda para el desempleo según el Airline Deregulation Act of 1974 Program (Programa de la Ley de Desregulación de las Aerolíneas de 1974). Income tax 2012 forms Programa gubernamental. Income tax 2012 forms   Si aporta a un programa gubernamental de compensación por desempleo y sus aportes no se pueden deducir, las cantidades que reciba bajo el programa no se incluyen como compensación por desempleo hasta que recupere esos aportes. Income tax 2012 forms Si dedujo todos los aportes hechos al programa, la totalidad de la cantidad recibida bajo el programa se incluye en los ingresos. Income tax 2012 forms Reintegro de compensación por desempleo. Income tax 2012 forms   Si en el año 2013 reintegró la compensación por desempleo que recibió en el año 2013, reste la cantidad que reintegró de la cantidad total que recibió y anote la diferencia en la línea 19 del Formulario 1040, la línea 13 del Formulario 1040A o la línea 3 del Formulario 1040EZ. Income tax 2012 forms En la línea de puntos junto a su anotación, escriba “Repaid” (Reintegrado) y la cantidad que reintegró. Income tax 2012 forms Si reintegró en el año 2013 la compensación por desempleo que incluyó en ingreso en un año anterior, puede deducir la cantidad reintegrada en la línea 23 del Anexo A (Formulario 1040) si detalla deducciones. Income tax 2012 forms Si la cantidad es mayor que $3,000, consulte Reintegros , anteriormente. Income tax 2012 forms Retención de impuestos. Income tax 2012 forms   Puede optar por que le retengan el impuesto federal sobre el ingreso de su compensación por desempleo. Income tax 2012 forms Para optar por esta opción, complete el Formulario W-4V, Voluntary Withholding Request (Solicitud de retención voluntaria), y entréguelo a la oficina pagadora. Income tax 2012 forms Se le retendrá un impuesto del 10% del pago. Income tax 2012 forms    Si opta por que no le retengan impuesto de su compensación por desempleo, es posible que sea responsable de pagar impuesto estimado. Income tax 2012 forms Si no paga suficientes impuestos mediante la retención o pagos de impuesto estimado, o ambos, puede estar sujeto a una multa. Income tax 2012 forms Para más información sobre el impuesto estimado, consulte el capítulo 4 . Income tax 2012 forms Beneficios suplementarios de desempleo. Income tax 2012 forms   Los beneficios recibidos de un fondo financiado por el empleador (al que los empleados no aportaron) no se consideran compensación por desempleo. Income tax 2012 forms Éstos están sujetos a impuestos como salario y están sujetos a la retención del impuesto sobre el ingreso. Income tax 2012 forms Es posible que estén sujetos a los impuestos del Seguro Social y Medicare. Income tax 2012 forms Para obtener más información, consulte Supplemental Unemployment Benefits (Beneficios suplementarios de desempleo) en la sección 5 de la Publicación 15-A, Employer's Supplemental Tax Guide (Guía tributaria suplementaria para empleadores), en inglés. Income tax 2012 forms Declare estos pagos en la línea 7 del Formulario 1040 o del Formulario 1040A, o en la línea 1 del Formulario 1040EZ. Income tax 2012 forms Reintegro de beneficios. Income tax 2012 forms   Tal vez tenga que reintegrar algunos de sus beneficios suplementarios de desempleo para tener derecho a descuentos de reajustes comerciales según la Ley de Comercio de 1974. Income tax 2012 forms Si reintegra dichos beneficios durante el mismo año en el cual los recibe, reste del total de los beneficios la cantidad del reintegro. Income tax 2012 forms Si reintegra los beneficios en un año posterior, tiene que incluir en su ingreso la cantidad total de los beneficios recibidos en ese año. Income tax 2012 forms   Deduzca el reintegro en el año posterior como ajuste al ingreso bruto en el Formulario 1040. Income tax 2012 forms (No puede usar el Formulario 1040A ni el Formulario 1040EZ). Income tax 2012 forms Incluya el reintegro en la línea 36 del Formulario 1040 y anote “ Sub-Pay TRA ” (TRA de Subpago) y la cantidad en la línea de puntos junto a la línea 36. Income tax 2012 forms Si la cantidad que reintegra en un año posterior es más de $3,000, tal vez pueda reclamar un crédito para su impuesto del año posterior, en lugar de deducir la cantidad reintegrada. Income tax 2012 forms Para detalles consulte la sección Reintegros , anteriormente. Income tax 2012 forms Fondo privado de desempleo. Income tax 2012 forms   Los pagos de beneficios por desempleo de un fondo privado (no sindical) al que aporta de manera voluntaria están sujetos a impuestos sólo si las cantidades que recibe son mayores a los pagos totales que realiza al fondo. Income tax 2012 forms Declare la cantidad sujeta a impuestos en la línea 21 del Formulario 1040. Income tax 2012 forms Pagos por un sindicato. Income tax 2012 forms   Los beneficios que recibe como miembro desempleado de un sindicato provenientes de cuotas sindicales regulares se incluyen en su ingreso en la línea 21 del Formulario 1040. Income tax 2012 forms No obstante, si aporta a un fondo sindical especial y sus pagos al fondo no son deducibles, los beneficios por desempleo que usted reciba del fondo se pueden incluir en su ingreso solamente en la medida en que sean mayores que sus aportes. Income tax 2012 forms Salario anual garantizado. Income tax 2012 forms   Los pagos que reciba de su empleador durante períodos de desempleo, conforme a un acuerdo sindical que le garantice el pago completo durante el año, están sujetos a impuestos como salario. Income tax 2012 forms Inclúyalos en la línea 7 del Formulario 1040 o del Formulario 1040A, o en la línea 1 del Formulario 1040EZ. Income tax 2012 forms Empleados estatales. Income tax 2012 forms   El estado puede efectuar pagos similares a la compensación por desempleo del estado a sus empleados que no estén cubiertos por la ley de compensación por desempleo de dicho estado. Income tax 2012 forms Aunque los pagos están sujetos a impuestos en su totalidad, no los declare como compensación por desempleo. Income tax 2012 forms Declare estos pagos en la línea 21 del Formulario 1040. Income tax 2012 forms Beneficios del Bienestar Social y Otros Beneficios de Asistencia Pública No incluya en su ingreso beneficios pagados por el gobierno de un fondo público de bienestar social basados en necesidad, tales como pagos efectuados a una persona ciega conforme a una ley estatal de asistencia pública. Income tax 2012 forms Los pagos de un fondo estatal para víctimas de delitos no se deben incluir en los ingresos de las víctimas si se efectúan por bienestar social. Income tax 2012 forms No deduzca gastos médicos que se reembolsen a través de ese tipo de fondo. Income tax 2012 forms En sus ingresos tiene que incluir todos los pagos de bienestar social que sean por compensación por servicios o que se obtengan de manera fraudulenta. Income tax 2012 forms Pagos de ayuda para el reempleo de personas que se ven afectadas por ajustes comerciales. Income tax 2012 forms   Los pagos de ayuda para el reempleo de personas que se ven afectadas por ajustes comerciales (RTAA, por sus siglas en ingles) que usted recibió de una agencia estatal tienen que incluirse en sus ingresos. Income tax 2012 forms El estado tiene que enviarle el Formulario 1099-G para informarle de qué cantidad debe incluir como ingreso. Income tax 2012 forms Dicha cantidad se debe anotar en la línea 21 del Formulario 1040. Income tax 2012 forms Personas incapacitadas. Income tax 2012 forms   Si tiene una incapacidad, tiene que incluir en su ingreso la compensación recibida a cambio de los servicios que haya prestado, a menos que la compensación se excluya de otro modo. Income tax 2012 forms Sin embargo, no incluya en su ingreso el valor de bienes, servicios y dinero en efectivo que reciba, no por sus servicios, sino por su capacitación y rehabilitación porque tiene una incapacidad. Income tax 2012 forms Las cantidades excluibles incluyen pagos por transporte y cuidado proporcionado por un asistente, como los servicios de un intérprete para sordos, servicios de un lector para ciegos y para ayudar a personas con discapacidad intelectual a hacer su trabajo. Income tax 2012 forms Subvenciones de asistencia en caso de desastre. Income tax 2012 forms    No incluya en su ingreso las subvenciones recibidas después de un desastre conforme a la Robert T. Income tax 2012 forms Stafford Disaster Relief and Emergency Assistance Act (Ley Robert T. Income tax 2012 forms Stafford de Alivio en Caso de Desastres y Ayuda en Emergencias) si los pagos de subvenciones se realizaron para ayudarlo a satisfacer gastos necesarios o necesidades urgentes como gastos médicos, dentales, de vivienda, de bienes muebles, de transporte, cuidado de menores o funerarios. Income tax 2012 forms No deduzca gastos por pérdidas fortuitas ni gastos médicos que sean específicamente reembolsados por estas subvenciones como ayuda por desastres. Income tax 2012 forms Si ha deducido una pérdida por hecho fortuito por la pérdida de su residencia personal y recibe posteriormente una subvención de ayuda por desastres por la pérdida de dicha residencia, es posible que tenga que incluir la totalidad o parte de la subvención en los ingresos sujetos a impuestos. Income tax 2012 forms Vea Recuperación de Fondos , anteriormente. Income tax 2012 forms Los pagos de asistencia por desempleo conforme a la Ley se consideran compensación por desempleo sujeta a impuestos. Income tax 2012 forms Consulte Compensación por desempleo , anteriormente, bajo Beneficios por Desempleo . Income tax 2012 forms Pagos de asistencia en caso de desastres. Income tax 2012 forms   Puede excluir de su ingreso toda cantidad que reciba en forma de pago calificado de asistencia en caso de desastres. Income tax 2012 forms Un pago calificado de asistencia en caso de desastres es una cantidad que recibe: Para reembolsar o pagar gastos personales, familiares, de vivienda o funerarios razonables y necesarios ocasionados por un desastre calificado; Para reembolsar o pagar gastos razonables y necesarios en los que haya incurrido por la reparación o rehabilitación de su vivienda o la reparación o reemplazo de su contenido, siempre que esto se deba a un desastre calificado; De una persona encargada del suministro o venta de transporte como transportista habitual, debido a la muerte o lesiones corporales ocurridas como resultado de un desastre calificado o De un gobierno, agencia u organismo federal, estatal o local con respecto a un desastre calificado con el propósito de promover el bienestar social general. Income tax 2012 forms Sólo puede excluir esta cantidad siempre que los gastos que ésta cubre no los pague un seguro u otro medio. Income tax 2012 forms La exclusión no es aplicable si fue participante o conspirador en una acción terrorista o representante de un participante o conspirador. Income tax 2012 forms   Un desastre calificado es: Un desastre originado por una acción terrorista o militar; Una zona de desastre declarada como tal por el gobierno federal o Un desastre originado por un accidente que involucra a un transportista común, u originado por otro hecho, que el Secretario del Tesoro o su delegado declara como catástrofe. Income tax 2012 forms   Para las cantidades pagadas bajo el punto (4), un desastre que reúne los requisitos si una autoridad federal, estatal o local determina que dicho desastre justifica la asistencia por parte de un gobierno, agencia u organismo federal, estatal o local. Income tax 2012 forms Pagos para la mitigación de desastres. Income tax 2012 forms   También puede excluir de su ingreso todo monto que reciba por concepto de pago calificado de mitigación de desastres. Income tax 2012 forms Los pagos calificados para la mitigación de desastres también se pagan en su mayoría durante el período inmediatamente después de los daños a la propiedad debidos a un desastre natural. Income tax 2012 forms Sin embargo, los pagos de mitigación de desastres se utilizan para mitigar (reducir la seriedad de) daños potenciales de futuros desastres naturales. Income tax 2012 forms Le son pagados a través de gobiernos estatales y locales conforme a las disposiciones de la Robert T. Income tax 2012 forms Stafford Disaster Relief and Emergency Assistance Act (Ley Robert T. Income tax 2012 forms Stafford de Alivio en Caso de Desastres y Ayuda en Emergencias) o la National Flood Insurance Act (Ley Nacional de Seguro contra Inundaciones). Income tax 2012 forms   Usted no puede aumentar la base original ni la base ajustada de su propiedad debido a mejoras hechas con pagos para la mitigación de desastres no sujetos a impuestos. Income tax 2012 forms Programa de modificación de préstamos hipotecarios (HAMP). Income tax 2012 forms   Si recibe pagos de Pay-for-Performance Success Payments (Pago de incentivo a condición de que el prestatario efectúe puntualmente los pagos mensuales de una hipoteca) conforme al Home Affordable Modification Program (Programa de modificación asequible de hipotecas residenciales o HAMP, por sus siglas en inglés), dichos pagos no están sujetos a impuestos. Income tax 2012 forms Pagos de asistencia hipotecaria conforme a la sección 235 de la Ley Nacional de Vivienda. Income tax 2012 forms   Los pagos realizados conforme a la sección 235 de la National Housing Act (Ley Nacional de Vivienda) para asistencia hipotecaria no se incluyen en los ingresos del propietario. Income tax 2012 forms Los intereses pagados por el propietario bajo el programa de asistencia hipotecaria no se pueden deducir. Income tax 2012 forms Medicare. Income tax 2012 forms   Los beneficios del seguro Medicare recibidos conforme al Título XVIII de la Ley del Seguro Social no se incluyen en el ingreso bruto de los individuos por los cuales se pagan. Income tax 2012 forms Esto incluye beneficios básicos (parte A (Beneficios del Seguro Hospitalario para Ancianos)) y suplementarios (parte B (Beneficios Suplementarios del Seguro Médico para Ancianos)). Income tax 2012 forms Beneficios del seguro por vejez, sobrevivientes e incapacidad (OASDI). Income tax 2012 forms   Por lo general, los pagos del seguro por vejez, sobrevivientes e incapacidad (OASDI, por sus siglas en inglés), conforme a la sección 202 del Título II de la Ley del Seguro Social no se incluyen en el ingreso bruto de los individuos que reciben el pago. Income tax 2012 forms Esto corresponde a los beneficios de seguros por vejez y beneficios de seguros para cónyuges, hijos, viudos, madres y padres, además del pago en suma global por fallecimiento. Income tax 2012 forms Programa de Nutrición para Ancianos. Income tax 2012 forms    Los beneficios de alimentos que usted recibe bajo el Programa de Nutrición para Ancianos no están sujetos a impuestos. Income tax 2012 forms Si prepara y sirve comidas gratuitas para el programa, incluya en sus ingresos como salario el pago en efectivo que recibe, aun si también reúne los requisitos para recibir beneficios para alimentos. Income tax 2012 forms Pagos para la reducción del costo de energía en invierno. Income tax 2012 forms   Los pagos efectuados por un estado a personas calificadas para reducir el costo del uso de energía en invierno no están sujetos a impuestos. Income tax 2012 forms Otros Ingresos A continuación aparecen otros temas breves. Income tax 2012 forms Estos temas, sobre otros ingresos, están referidos en publicaciones que provee