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Irs Forms 1040ez

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Irs Forms 1040ez

Irs forms 1040ez 2. Irs forms 1040ez   Foreclosures and Repossessions Table of Contents Amount realized and ordinary income on a recourse debt. Irs forms 1040ez Amount realized on a nonrecourse debt. Irs forms 1040ez If you do not make payments you owe on a loan secured by property, the lender may foreclose on the loan or repossess the property. Irs forms 1040ez The foreclosure or repossession is treated as a sale from which you may realize gain or loss. Irs forms 1040ez This is true even if you voluntarily return the property to the lender. Irs forms 1040ez If the outstanding loan balance was more than the FMV of the property and the lender cancels all or part of the remaining loan balance, you also may realize ordinary income from the cancellation of debt. Irs forms 1040ez You must report this income on your return unless certain exceptions or exclusions apply. Irs forms 1040ez See chapter 1 for more details. Irs forms 1040ez Borrower's gain or loss. Irs forms 1040ez    You figure and report gain or loss from a foreclosure or repossession in the same way as gain or loss from a sale. Irs forms 1040ez The gain is the difference between the amount realized and your adjusted basis in the transferred property (amount realized minus adjusted basis). Irs forms 1040ez The loss is the difference between your adjusted basis in the transferred property and the amount realized (adjusted basis minus amount realized). Irs forms 1040ez For more information on figuring gain or loss from the sale of property, see Gain or Loss From Sales and Exchanges in Publication 544. Irs forms 1040ez You can use Table 1-1 to figure your ordinary income from the cancellation of debt and your gain or loss from a foreclosure or repossession. Irs forms 1040ez Amount realized and ordinary income on a recourse debt. Irs forms 1040ez    If you are personally liable for the debt, the amount realized on the foreclosure or repossession includes the smaller of: The outstanding debt immediately before the transfer reduced by any amount for which you remain personally liable immediately after the transfer, or The FMV of the transferred property. Irs forms 1040ez The amount realized also includes any proceeds you received from the foreclosure sale. Irs forms 1040ez If the FMV of the transferred property is less than the total outstanding debt immediately before the transfer reduced by any amount for which you remain personally liable immediately after the transfer, the difference is ordinary income from the cancellation of debt. Irs forms 1040ez You must report this income on your return unless certain exceptions or exclusions apply. Irs forms 1040ez See chapter 1 for more details. Irs forms 1040ez       Example 1. Irs forms 1040ez Tara bought a new car for $15,000. Irs forms 1040ez She made a $2,000 downpayment and borrowed the remaining $13,000 from the dealer's credit company. Irs forms 1040ez Tara is personally liable for the loan (recourse debt) and the car is pledged as security for the loan. Irs forms 1040ez On August 1, 2013, the credit company repossessed the car because Tara had stopped making loan payments. Irs forms 1040ez The balance due after taking into account the payments Tara made was $10,000. Irs forms 1040ez The FMV of the car when it was repossessed was $9,000. Irs forms 1040ez On November 15, 2013, the credit company forgave the remaining $1,000 balance on the loan due to insufficient assets. Irs forms 1040ez In this case, the amount Tara realizes is $9,000. Irs forms 1040ez This is the smaller of: The $10,000 outstanding debt immediately before the repossession reduced by the $1,000 for which she remains personally liable immediately after the repossession ($10,000 − $1,000 = $9,000), or The $9,000 FMV of the car. Irs forms 1040ez Tara figures her gain or loss on the repossession by comparing the $9,000 amount realized with her $15,000 adjusted basis. Irs forms 1040ez She has a $6,000 nondeductible loss. Irs forms 1040ez After the cancellation of the remaining balance on the loan in November, Tara also has ordinary income from cancellation of debt in the amount of $1,000 (the remaining balance on the $10,000 loan after the $9,000 amount satisfied by the FMV of the repossessed car). Irs forms 1040ez Tara must report this $1,000 on her return unless one of the exceptions or exclusions described in chapter 1 applies. Irs forms 1040ez Example 2. Irs forms 1040ez Lili paid $200,000 for her home. Irs forms 1040ez She made a $15,000 downpayment and borrowed the remaining $185,000 from a bank. Irs forms 1040ez Lili is personally liable for the mortgage loan and the house secures the loan. Irs forms 1040ez In 2013, the bank foreclosed on the mortgage because Lili stopped making payments. Irs forms 1040ez When the bank foreclosed the mortgage, the balance due was $180,000, the FMV of the house was $170,000, and Lili's adjusted basis was $175,000 due to a casualty loss she had deducted. Irs forms 1040ez At the time of the foreclosure, the bank forgave $2,000 of the $10,000 debt in excess of the FMV ($180,000 minus $170,000). Irs forms 1040ez She remained personally liable for the $8,000 balance. Irs forms 1040ez In this case, Lili has ordinary income from the cancellation of debt in the amount of $2,000. Irs forms 1040ez The $2,000 income from the cancellation of debt is figured by subtracting the $170,000 FMV of the house from the $172,000 difference between her total outstanding debt immediately before the transfer of property and the amount for which she remains personally liable immediately after the transfer ($180,000 minus $8,000). Irs forms 1040ez She is able to exclude the $2,000 of canceled debt from her income under the qualified principal residence indebtedness rules discussed earlier. Irs forms 1040ez Lili must also determine her gain or loss from the foreclosure. Irs forms 1040ez In this case, the amount that she realizes is $170,000. Irs forms 1040ez This is the smaller of: (a) the $180,000 outstanding debt immediately before the transfer reduced by the $8,000 for which she remains personally liable immediately after the transfer ($180,000 − $8,000 = $172,000) or (b) the $170,000 FMV of the house. Irs forms 1040ez Lili figures her gain or loss on the foreclosure by comparing the $170,000 amount realized with her $175,000 adjusted basis. Irs forms 1040ez She has a $5,000 nondeductible loss. Irs forms 1040ez Table 1-1. Irs forms 1040ez Worksheet for Foreclosures and Repossessions Part 1. Irs forms 1040ez Complete Part 1 only if you were personally liable for the debt (even if none of the debt was canceled). Irs forms 1040ez Otherwise, go to Part 2. Irs forms 1040ez 1. Irs forms 1040ez Enter the amount of outstanding debt immediately before the transfer of property reduced by any amount for which you remain personally liable immediately after the transfer of property   2. Irs forms 1040ez Enter the fair market value of the transferred property   3. Irs forms 1040ez Ordinary income from the cancellation of debt upon foreclosure or repossession. Irs forms 1040ez * Subtract line 2 from line 1. Irs forms 1040ez If less than zero, enter zero. Irs forms 1040ez Next, go to Part 2   Part 2. Irs forms 1040ez Gain or loss from foreclosure or repossession. Irs forms 1040ez   4. Irs forms 1040ez Enter the smaller of line 1 or line 2. Irs forms 1040ez If you did not complete Part 1 (because you were not personally liable for the debt), enter the amount of outstanding debt immediately before the transfer of property   5. Irs forms 1040ez Enter any proceeds you received from the foreclosure sale   6. Irs forms 1040ez Add line 4 and line 5   7. Irs forms 1040ez Enter the adjusted basis of the transferred property   8. Irs forms 1040ez Gain or loss from foreclosure or repossession. Irs forms 1040ez Subtract line 7 from line 6   * The income may not be taxable. Irs forms 1040ez See chapter 1 for more details. Irs forms 1040ez Amount realized on a nonrecourse debt. Irs forms 1040ez    If you are not personally liable for repaying the debt secured by the transferred property, the amount you realize includes the full amount of the outstanding debt immediately before the transfer. Irs forms 1040ez This is true even if the FMV of the property is less than the outstanding debt immediately before the transfer. Irs forms 1040ez Example 1. Irs forms 1040ez Tara bought a new car for $15,000. Irs forms 1040ez She made a $2,000 downpayment and borrowed the remaining $13,000 from the dealer's credit company. Irs forms 1040ez Tara is not personally liable for the loan (nonrecourse), but pledged the new car as security for the loan. Irs forms 1040ez On August 1, 2013, the credit company repossessed the car because Tara had stopped making loan payments. Irs forms 1040ez The balance due after taking into account the payments Tara made was $10,000. Irs forms 1040ez The FMV of the car when it was repossessed was $9,000. Irs forms 1040ez The amount Tara realized on the repossession is $10,000. Irs forms 1040ez That is the outstanding amount of debt immediately before the repossession, even though the FMV of the car is less than $10,000. Irs forms 1040ez Tara figures her gain or loss on the repossession by comparing the $10,000 amount realized with her $15,000 adjusted basis. Irs forms 1040ez Tara has a $5,000 nondeductible loss. Irs forms 1040ez Example 2. Irs forms 1040ez Lili paid $200,000 for her home. Irs forms 1040ez She made a $15,000 downpayment and borrowed the remaining $185,000 from a bank. Irs forms 1040ez She is not personally liable for the loan, but grants the bank a mortgage. Irs forms 1040ez The bank foreclosed on the mortgage because Lili stopped making payments. Irs forms 1040ez When the bank foreclosed on the mortgage, the balance due was $180,000, the FMV of the house was $170,000, and Lili's adjusted basis was $175,000 due to a casualty loss she had deducted. Irs forms 1040ez The amount Lili realized on the foreclosure is $180,000, the outstanding debt immediately before the foreclosure. Irs forms 1040ez She figures her gain or loss by comparing the $180,000 amount realized with her $175,000 adjusted basis. Irs forms 1040ez Lili has a $5,000 realized gain. Irs forms 1040ez See Publication 523 to figure and report any taxable amount. Irs forms 1040ez Forms 1099-A and 1099-C. Irs forms 1040ez    A lender who acquires an interest in your property in a foreclosure or repossession should send you Form 1099-A, Acquisition or Abandonment of Secured Property, showing information you need to figure your gain or loss. Irs forms 1040ez However, if the lender also cancels part of your debt and must file Form 1099-C, the lender can include the information about the foreclosure or repossession on that form instead of on Form 1099-A. Irs forms 1040ez The lender must file Form 1099-C and send you a copy if the amount of debt canceled is $600 or more and the lender is a financial institution, credit union, federal government agency, or any organization that has a significant trade or business of lending money. Irs forms 1040ez For foreclosures or repossessions occurring in 2013, these forms should be sent to you by January 31, 2014. Irs forms 1040ez Prev  Up  Next   Home   More Online Publications
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Brief History of IRS

Origin
The roots of IRS go back to the Civil War when President Lincoln and Congress, in 1862, created the position of commissioner of Internal Revenue and enacted an income tax to pay war expenses. The income tax was repealed 10 years later. Congress revived the income tax in 1894, but the Supreme Court ruled it unconstitutional the following year.

16th Amendment
In 1913, Wyoming ratified the 16th Amendment, providing the three-quarter majority of states necessary to amend the Constitution. The 16th Amendment gave Congress the authority to enact an income tax. That same year, the first Form 1040 appeared after Congress levied a 1 percent tax on net personal incomes above $3,000 with a 6 percent surtax on incomes of more than $500,000.

In 1918, during World War I, the top rate of the income tax rose to 77 percent to help finance the war effort. It dropped sharply in the post-war years, down to 24 percent in 1929, and rose again during the Depression. During World War II, Congress introduced payroll withholding and quarterly tax payments.

A New Name
In the 50s, the agency was reorganized to replace a patronage system with career, professional employees. The Bureau of Internal Revenue name was changed to the Internal Revenue Service. Only the IRS commissioner and chief counsel are selected by the president and confirmed by the Senate.

Today’s IRS Organization
The IRS Restructuring and Reform Act of 1998 prompted the most comprehensive reorganization and modernization of IRS in nearly half a century. The IRS reorganized itself to closely resemble the private sector model of organizing around customers with similar needs.

Page Last Reviewed or Updated: 03-Dec-2013

The Irs Forms 1040ez

Irs forms 1040ez Publication 51 - Introductory Material Table of Contents Future Developments What's New Reminders Calendar Introduction Useful Items - You may want to see: Future Developments For the latest information about developments related to Publication 51 (Circular A), such as legislation enacted after it was published, go to www. Irs forms 1040ez irs. Irs forms 1040ez gov/pub51. Irs forms 1040ez What's New Social security and Medicare tax for 2014. Irs forms 1040ez  The social security tax rate is 6. Irs forms 1040ez 2% each for the employee and employer, unchanged from 2013. Irs forms 1040ez The social security wage base limit is $117,000. Irs forms 1040ez The Medicare tax rate is 1. Irs forms 1040ez 45% each for the employee and employer, unchanged from 2013. Irs forms 1040ez There is no wage base limit for Medicare tax. Irs forms 1040ez Social security and Medicare taxes apply to the wages of household workers you pay $1,900 or more in cash or an equivalent form of compensation. Irs forms 1040ez Withholding allowance. Irs forms 1040ez  The 2014 amount for one withholding allowance on an annual basis is $3,950. Irs forms 1040ez Change of responsible party. Irs forms 1040ez  Beginning January 1, 2014, any entity with an employer identification number (EIN) must file Form 8822-B, Change of Address or Responsible Party—Business, to report the latest change to its responsible party. Irs forms 1040ez Form 8822-B must be filed within 60 days of the change. Irs forms 1040ez If the change in the identity of your responsible party occurred before 2014, and you have not previously notified the IRS of the change, file Form 8822-B before March 1, 2014, reporting only the most recent change. Irs forms 1040ez For a definition of "responsible party", see the Form 8822-B instructions. Irs forms 1040ez Same-sex marriage. Irs forms 1040ez  For federal tax purposes, individuals of the same sex are considered married if they were lawfully married in a state (or foreign country) whose laws authorize the marriage of two individuals of the same sex, even if the state (or foreign country) in which they now live does not recognize same-sex marriage. Irs forms 1040ez For more information, see Revenue Ruling 2013-17, 2013-38 I. Irs forms 1040ez R. Irs forms 1040ez B. Irs forms 1040ez 201, available at www. Irs forms 1040ez irs. Irs forms 1040ez gov/irb/2013-38_IRB/ar07. Irs forms 1040ez html. Irs forms 1040ez Notice 2013-61 provides special administrative procedures for employers to make claims for refund or adjustments of overpayments of social security and Medicare taxes with respect to certain same-sex spouse benefits before expiration of the period of limitations. Irs forms 1040ez Notice 2013-61, 2013-44 I. Irs forms 1040ez R. Irs forms 1040ez B. Irs forms 1040ez 432, is available at www. Irs forms 1040ez irs. Irs forms 1040ez gov/irb/2013-44_IRB/ar10. Irs forms 1040ez html. Irs forms 1040ez Reminders Additional Medicare Tax withholding. Irs forms 1040ez  In addition to withholding Medicare tax at 1. Irs forms 1040ez 45%, you must withhold a 0. Irs forms 1040ez 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Irs forms 1040ez You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. Irs forms 1040ez Additional Medicare Tax is only imposed on the employee. Irs forms 1040ez There is no employer share of Additional Medicare Tax. Irs forms 1040ez All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. Irs forms 1040ez For more information on what wages are subject to Medicare tax, see the chart, Special Rules for Various Types of Services and Payments, in section 15 of Publication 15 (Circular E), Employer's Tax Guide. Irs forms 1040ez For more information on Additional Medicare Tax, visit IRS. Irs forms 1040ez gov and enter “Additional Medicare Tax” in the search box. Irs forms 1040ez Work opportunity tax credit for qualified tax-exempt organizations hiring qualified veterans. Irs forms 1040ez  The work opportunity tax credit is available for eligible unemployed veterans who begin work on or after November 22, 2011, and before January 1, 2014. Irs forms 1040ez Qualified tax-exempt organizations that hire eligible unemployed veterans can claim the work opportunity tax credit against their payroll tax liability using Form 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans. Irs forms 1040ez For more information, visit IRS. Irs forms 1040ez gov and enter “work opportunity tax credit” in the search box. Irs forms 1040ez Outsourcing payroll duties. Irs forms 1040ez  Employers are responsible to ensure that tax returns are filed and deposits and payments are made, even if the employer contracts with a third party to perform these acts. Irs forms 1040ez The employer remains responsible if the third party fails to perform any required action. Irs forms 1040ez If you choose to outsource any of your payroll and related tax duties (that is, withholding, reporting, and paying over social security, Medicare, FUTA, and income taxes) to a third-party payer such as a payroll service provider or reporting agent, visit IRS. Irs forms 1040ez gov and enter “outsourcing payroll duties” in the search box for helpful information on this topic. Irs forms 1040ez COBRA premium assistance credit. Irs forms 1040ez  The credit for COBRA premium assistance payments applies to premiums paid for employees involuntarily terminated between September 1, 2008, and May 31, 2010, and to premiums paid for up to 15 months. Irs forms 1040ez For more information, see COBRA premium assistance credit under Introduction. Irs forms 1040ez Compensation paid to H-2A foreign agricultural workers. Irs forms 1040ez  Report compensation of $600 or more paid to foreign agricultural workers who entered the country on H-2A visas in box 1 of Form W-2, Wage and Tax Statement. Irs forms 1040ez Compensation paid to H-2A workers for agricultural labor performed in connection with this visa is not subject to social security and Medicare taxes, and therefore should not be reported as wages subject to social security tax (line 2), Medicare tax (line 4), or Additional Medicare Tax withholding (line 6) on Form 943, Employer's Annual Federal Tax Return for Agricultural Employees, and should not be reported as social security wages (box 3) or Medicare wages (box 5) on Form W-2. Irs forms 1040ez On Form W-2, do not check box 13 (Statutory employee), as H-2A workers are not statutory employees. Irs forms 1040ez An employer is not required to withhold federal income tax from compensation it pays an H-2A worker for agricultural labor performed in connection with this visa unless the worker asks for withholding and the employer agrees. Irs forms 1040ez In that case, the worker must give the employer a completed Form W-4, Employee's Withholding Allowance Certificate. Irs forms 1040ez Federal income tax withheld should be reported on Form 943, line 8, and in box 2 of Form W-2. Irs forms 1040ez These reporting rules apply when the H-2A worker provides his or her taxpayer identification number (TIN) to the employer. Irs forms 1040ez For the rules relating to backup withholding and reporting when the H-2A worker does not provide a TIN, see the Instructions for Form 1099-MISC and the Instructions for Form 945. Irs forms 1040ez Additional employment tax information. Irs forms 1040ez  Visit the IRS website at www. Irs forms 1040ez irs. Irs forms 1040ez gov/businesses and click on Employment Taxes under Businesses Topics. Irs forms 1040ez For employment tax information by telephone, call 1-800-829-4933 or 1-800-829-4059 (TDD/TTY for persons who are deaf, hard of hearing, or have a speech disability) Monday–Friday from 7:00 a. Irs forms 1040ez m. Irs forms 1040ez –7:00 p. Irs forms 1040ez m. Irs forms 1040ez local time (Alaska and Hawaii follow Pacific time). Irs forms 1040ez Additionally, you can call IRS TeleTax at 1-800-829-4477 for recorded information by topic. Irs forms 1040ez Disregarded entities and qualified subchapter S subsidiaries (QSubs). Irs forms 1040ez  Eligible single-owner disregarded entities and QSubs are treated as separate entities for employment tax purposes. Irs forms 1040ez Eligible single-member entities that have not elected to be taxed as corporations must report and pay employment taxes on wages paid to their employees using the entities' own names and EINs. Irs forms 1040ez See Regulations sections 1. Irs forms 1040ez 1361-4(a)(7) and 301. Irs forms 1040ez 7701-2(c)(2)(iv). Irs forms 1040ez Differential wage payments. Irs forms 1040ez  Qualified differential wage payments made by employers to individuals serving in the Armed Forces after 2008 are subject to income tax withholding but not social security, Medicare, or FUTA taxes. Irs forms 1040ez For more information, see Publication 15 (Circular E). Irs forms 1040ez Federal tax deposits must be made by electronic funds transfer. Irs forms 1040ez  You must use electronic funds transfer to make all federal tax deposits. Irs forms 1040ez Generally, electronic fund transfers are made using the Electronic Federal Tax Payment System (EFTPS). Irs forms 1040ez If you do not want to use EFTPS, you can arrange for your tax professional, financial institution, payroll service, or other trusted third party to make electronic deposits on your behalf. Irs forms 1040ez Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. Irs forms 1040ez EFTPS is a free service provided by the Department of Treasury. Irs forms 1040ez Services provided by your tax professional, financial institution, payroll service, or other third party may have a fee. Irs forms 1040ez For more information on making federal tax deposits, see How To Deposit in section 7. Irs forms 1040ez To get more information about EFTPS or to enroll in EFTPS, visit www. Irs forms 1040ez eftps. Irs forms 1040ez gov or call 1-800-555-4477 or 1-800-733-4829 (TDD). Irs forms 1040ez Additional information about EFTPS is also available in Publication 966, Electronic Federal Tax Payment System: A Guide To Getting Started. Irs forms 1040ez Electronic filing and payment. Irs forms 1040ez  Now, more than ever before, businesses can enjoy the benefits of filing tax returns and paying their taxes electronically. Irs forms 1040ez Whether you rely on a tax professional or handle your own taxes, the IRS offers you convenient programs to make it easier. Irs forms 1040ez Spend less time and worry on taxes and more time running your business. Irs forms 1040ez Use e-file and the Electronic Federal Tax Payment System (EFTPS) to your benefit. Irs forms 1040ez For e-file, visit the IRS website at www. Irs forms 1040ez irs. Irs forms 1040ez gov/efile for additional information. Irs forms 1040ez For EFTPS, visit www. Irs forms 1040ez eftps. Irs forms 1040ez gov or call EFTPS Customer Service at 1-800-555-4477 (business), 1-800-316-6541 (individual), or 1-800-733-4829 (TDD) for additional information. Irs forms 1040ez For electronic filing of Form W-2, visit www. Irs forms 1040ez socialsecurity. Irs forms 1040ez gov/employer. Irs forms 1040ez If you are filing your tax return or paying your federal taxes electronically, a valid EIN is required. Irs forms 1040ez If a valid EIN is not provided, the return or payment will not be processed. Irs forms 1040ez This may result in penalties and delays in processing your return or payment. Irs forms 1040ez Electronic funds withdrawal (EFW). Irs forms 1040ez  If you file Form 943 electronically, you can e-file and e-pay (electronic funds withdrawal) the balance due in a single step using tax preparation software or through a tax professional. Irs forms 1040ez However, do not use EFW to make federal tax deposits. Irs forms 1040ez For more information on paying your taxes using EFW, visit the IRS website at www. Irs forms 1040ez irs. Irs forms 1040ez gov/e-pay. Irs forms 1040ez A fee may be charged to file electronically. Irs forms 1040ez Credit or debit card payments. Irs forms 1040ez   Employers can pay the balance due shown on Form 943 by credit or debit card. Irs forms 1040ez Do not use a credit or debit card to make federal tax deposits. Irs forms 1040ez For more information on paying your taxes with a credit or debit card, visit the IRS website at www. Irs forms 1040ez irs. Irs forms 1040ez gov/e-pay. Irs forms 1040ez When you hire a new employee. Irs forms 1040ez  Ask each new employee to complete the 2014 Form W-4 or its Spanish version, Formulario W-4(SP), Certificado de Exención de Retenciones del Empleado. Irs forms 1040ez Also, ask the employee to show you his or her social security card so that you can record the employee's name and social security number accurately. Irs forms 1040ez If the employee has lost the card or recently changed names, have the employee apply for a duplicate or corrected card. Irs forms 1040ez If the employee does not have a card, have the employee apply for one on Form SS-5, Application for a Social Security Card. Irs forms 1040ez See section 1 for more information. Irs forms 1040ez Eligibility for employment. Irs forms 1040ez  You must verify that each new employee is legally eligible to work in the United States. Irs forms 1040ez This includes completing the U. Irs forms 1040ez S. Irs forms 1040ez Citizenship and Immigration Services (USCIS) Form I-9, Employment Eligibility Verification. Irs forms 1040ez You can get the form from USCIS offices or by calling 1-800-870-3676. Irs forms 1040ez Contact the USCIS at 1-800-375-5283, or visit the USCIS website at www. Irs forms 1040ez uscis. Irs forms 1040ez gov for more information. Irs forms 1040ez New hire reporting. Irs forms 1040ez   You are required to report any new employee to a designated state new-hire registry. Irs forms 1040ez A new employee is an employee who has not previously been employed by you or was previously employed by you but has been separated from such prior employment for at least 60 consecutive days. Irs forms 1040ez Many states accept a copy of Form W-4 with employer information added. Irs forms 1040ez Visit the Office of Child Support Enforcement's website at www. Irs forms 1040ez acf. Irs forms 1040ez hhs. Irs forms 1040ez gov/programs/cse/newhire for more information. Irs forms 1040ez Dishonored payments. Irs forms 1040ez  Any form of payment that is dishonored and returned from a financial institution is subject to a penalty. Irs forms 1040ez The penalty is $25 or 2% of the payment, whichever is more. Irs forms 1040ez However, the penalty on dishonored payments of $24. Irs forms 1040ez 99 or less is an amount equal to the payment. Irs forms 1040ez For example, a dishonored payment of $18 is charged a penalty of $18. Irs forms 1040ez Forms in Spanish. Irs forms 1040ez  You can provide Formulario W-4(SP) in place of Form W-4 to your Spanish-speaking employees. Irs forms 1040ez For more information, see Publicación 17(SP), El Impuesto Federal sobre los Ingresos (Para Personas Físicas). Irs forms 1040ez For nonemployees, Formulario W-9(SP), Solicitud y Certificación del Número de Identificación del Contribuyente, may be used in place of Form W-9, Request for Taxpayer Identification Number and Certification. Irs forms 1040ez References in this publication to Form W-4 or Form W-9 also apply to their equivalent Spanish translations—Formulario W-4(SP) or Formulario W-9(SP). Irs forms 1040ez Information returns. Irs forms 1040ez  You may be required to file information returns to report certain types of payments made during the year. Irs forms 1040ez For example, you must file Form 1099-MISC, Miscellaneous Income, to report payments of $600 or more to persons not treated as employees (for example, independent contractors) for services performed for your trade or business. Irs forms 1040ez For details about filing Forms 1099 and for information about required electronic filing, see the General Instructions for Certain Information Returns for general information and the separate, specific instructions for each information return that you file (for example, Instructions for Form 1099-MISC). Irs forms 1040ez Generally, do not use Forms 1099 to report wages or other compensation that you paid to employees; report these amounts on Form W-2. Irs forms 1040ez See the General Instructions for Forms W-2 and W-3 for details about filing Forms W-2 and for information about required electronic filing. Irs forms 1040ez If you file 250 or more Forms W-2, you must file them electronically. Irs forms 1040ez SSA will not accept Forms W-2 and W-3 filed on any magnetic media. Irs forms 1040ez Information reporting customer service site. Irs forms 1040ez  The IRS operates the Enterprise Computing Center—Martinsburg, a centralized customer service site, to answer questions about reporting on Forms W-2, W-3, 1099, and other information returns. Irs forms 1040ez If you have questions related to reporting on information returns, you may call 1-866-455-7438 (toll free), 304-263-8700 (toll call), or 304-267-3367 (TDD/TTY for persons who are deaf, heard of hearing, or have a speech disability). Irs forms 1040ez The call site can also be reached by email at mccirp@irs. Irs forms 1040ez gov. Irs forms 1040ez Do not include tax identification numbers (TINs) or attachments in email correspondence because electronic mail is not secure. Irs forms 1040ez Web-based application for an employer identification number (EIN). Irs forms 1040ez  You can apply for an employer identification number (EIN) online by visiting IRS. Irs forms 1040ez gov and clicking on the Apply for an EIN Online link under Tools. Irs forms 1040ez When a crew leader furnishes workers to you. Irs forms 1040ez  Record the crew leader's name, address, and EIN. Irs forms 1040ez See sections 2 and 10. Irs forms 1040ez Change of address. Irs forms 1040ez  Use Form 8822-B to notify the IRS of an address change. Irs forms 1040ez Do not mail form 8822-B with your employment tax return. Irs forms 1040ez Ordering forms and publications. Irs forms 1040ez  You can order your 2013 and 2014 employment tax and information return forms, instructions, and publications online at www. Irs forms 1040ez irs. Irs forms 1040ez gov/businesses. Irs forms 1040ez Click on the Online Ordering for Information Returns and Employer Returns. Irs forms 1040ez You can also visit www. Irs forms 1040ez irs. Irs forms 1040ez gov/formspubs to download other forms and publications. Irs forms 1040ez Instead of ordering paper Forms W-2 and W-3, consider filing them electronically using the Social Security Administration's (SSA) free e-file service. Irs forms 1040ez Visit the SSA's Employer W-2 Filing Instructions & Information website at  www. Irs forms 1040ez socialsecurity. Irs forms 1040ez gov/employer, to register for Business Services Online. Irs forms 1040ez You will be able to create and file “fill-in” versions of Forms W-2 with SSA and can print out completed copies of Forms W-2 for filing with state and local governments, distribution to your employees, and for your records. Irs forms 1040ez Form W-3 will be created for you based on your Forms W-2. Irs forms 1040ez Tax Questions. Irs forms 1040ez   If you have a tax question, check the information available on IRS. Irs forms 1040ez gov or call 1-800-829-4933 (businesses), 1-800-829-1040 (individuals), or 1-800-829-4059 (TDD/TTY for persons who are deaf, hard of hearing, or have a speech disability) Monday–Friday from 7:00 a. Irs forms 1040ez m. Irs forms 1040ez –7:00 p. Irs forms 1040ez m. Irs forms 1040ez local time (Alaska and Hawaii follow Pacific time). Irs forms 1040ez We cannot answer tax questions sent to the address provided later for comments and suggestions. Irs forms 1040ez Recordkeeping. Irs forms 1040ez  Keep all records of employment taxes for at least 4 years. Irs forms 1040ez These should be available for IRS review. Irs forms 1040ez Your records should include the following information. Irs forms 1040ez Your employer identification number (EIN). Irs forms 1040ez Amounts and dates of all wage, annuity, and pension payments. Irs forms 1040ez Names, addresses, social security numbers, and occupations of employees and recipients. Irs forms 1040ez Any employee copies of Forms W-2 and W-2c returned to you as undeliverable. Irs forms 1040ez Dates of employment for each employee. Irs forms 1040ez Periods for which employees and recipients were paid while absent due to sickness or injury and the amount and weekly rate of payments you or third-party payers made to them. Irs forms 1040ez Copies of employees' and recipients' income tax withholding allowance certificates (Forms W-4, W-4(SP), W-4P, and W-4S). Irs forms 1040ez Dates and amounts of tax deposits you made and acknowledgment numbers for deposits made by EFTPS. Irs forms 1040ez Copies of returns filed and confirmation numbers. Irs forms 1040ez Records of fringe benefits and expense reimbursements provided to your employees, including substantiation. Irs forms 1040ez If a crew leader furnished you with farmworkers, you must keep a record of the name, permanent mailing address, and EIN of the crew leader. Irs forms 1040ez If the crew leader has no permanent mailing address, record his or her present address. Irs forms 1040ez Private delivery services. Irs forms 1040ez  You can use certain private delivery services designated by the IRS to send tax returns and payments. Irs forms 1040ez The list includes only the following. Irs forms 1040ez DHL Express (DHL): DHL Same Day Service. Irs forms 1040ez Federal Express (FedEx): FedEx Priority Overnight, FedEx Standard Overnight, FedEx 2Day, FedEx International Priority, and FedEx International First. Irs forms 1040ez United Parcel Service (UPS): UPS Next Day Air, UPS Next Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A. Irs forms 1040ez M. Irs forms 1040ez , UPS Worldwide Express Plus, and UPS Worldwide Express. Irs forms 1040ez For the IRS mailing address to use if you are using a private delivery service, go to IRS. Irs forms 1040ez gov and enter "private delivery service" in the search box. Irs forms 1040ez Your private delivery service can tell you how to get written proof of the mailing date. Irs forms 1040ez Private delivery services cannot deliver items to P. Irs forms 1040ez O. Irs forms 1040ez boxes. Irs forms 1040ez You must use the U. Irs forms 1040ez S. Irs forms 1040ez Postal Service to mail any item to an IRS P. Irs forms 1040ez O. Irs forms 1040ez box address. Irs forms 1040ez Photographs of missing children. Irs forms 1040ez  The IRS is a proud partner with the National Center for Missing and Exploited Children. Irs forms 1040ez Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Irs forms 1040ez You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Irs forms 1040ez Calendar The following are important dates and responsibilities. Irs forms 1040ez See section 7 for information about depositing taxes reported on Forms 941, 943, 944, and 945. Irs forms 1040ez Also see Publication 509, Tax Calendars. Irs forms 1040ez   If any date shown below for filing a return, furnishing a form, or depositing taxes falls on a Saturday, Sunday, or legal holiday, the due date is the next business day. Irs forms 1040ez A statewide legal holiday delays a filing due date only if the IRS office where you are required to file is located in that state. Irs forms 1040ez However, a statewide legal holiday does not delay the due date of federal tax deposits. Irs forms 1040ez See Deposits on Business Days Only in section 7. Irs forms 1040ez For any filing due date, you will meet the “file” or “furnish” requirement if the envelope containing the return or form is properly addressed, contains sufficient postage, and is postmarked by the U. Irs forms 1040ez S. Irs forms 1040ez Postal Service on or before the due date, or sent by an IRS-designated delivery service on or before the due date. Irs forms 1040ez See Private delivery services under Reminders. Irs forms 1040ez By January 31 . Irs forms 1040ez   File Form 943. Irs forms 1040ez See section 8 for more information on Form 943. Irs forms 1040ez If you deposited all Form 943 taxes when due, you have 10 additional calendar days to file. Irs forms 1040ez Furnish each employee with a completed Form W-2. Irs forms 1040ez Furnish each recipient to whom you paid $600 or more in nonemployee compensation with a completed Form 1099 (for example, Form 1099-MISC). Irs forms 1040ez File Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return. Irs forms 1040ez See section 10 for more information on FUTA. Irs forms 1040ez If you deposited all the FUTA tax when due, you have 10 additional calendar days to file. Irs forms 1040ez File Form 945, Annual Return of Withheld Federal Income Tax, to report any nonpayroll federal income tax withheld in 2013. Irs forms 1040ez If you deposited all Form 945 taxes when due, you have 10 additional calendar days to file. Irs forms 1040ez By February 15. Irs forms 1040ez  Ask for a new Form W-4 or Formulario W-4(SP) from each employee who claimed exemption from federal income tax withholding last year. Irs forms 1040ez On February 16. Irs forms 1040ez  Any Form W-4 claiming exemption from withholding for the previous year has now expired. Irs forms 1040ez Begin withholding for any employee who previously claimed exemption from withholding but has not given you a new Form W-4 for the current year. Irs forms 1040ez If the employee does not give you a new Form W-4, withhold tax based on the last valid Form W-4 you have for the employee that does not claim exemption from withholding or, if one does not exist, as if he or she is single with zero withholding allowances. Irs forms 1040ez See section 5 for more information. Irs forms 1040ez If the employee furnishes a new Form W-4 claiming exemption from withholding after February 15, you may apply the exemption to future wages, but do not refund taxes withheld while the exempt status was not in place. Irs forms 1040ez By February 28. Irs forms 1040ez   File paper Forms 1099 and 1096. Irs forms 1040ez File Copy A of all paper Forms 1099 with Form 1096, Annual Summary and Transmittal of U. Irs forms 1040ez S. Irs forms 1040ez Information Returns, with the IRS. Irs forms 1040ez For electronically filed returns, see By March 31 below. Irs forms 1040ez File paper Forms W-2 and W-3. Irs forms 1040ez File Copy A of all paper Forms W-2 with Form W-3, Transmittal of Wage and Tax Statements, with the SSA. Irs forms 1040ez For electronically filed returns, see By March 31 next. Irs forms 1040ez By March 31. Irs forms 1040ez   File electronic Forms W-2 and 1099. Irs forms 1040ez File electronic Forms W-2 with the SSA and Forms 1099 with the IRS. Irs forms 1040ez For more information on reporting Form W-2 information to the SSA electronically, visit the SSA's Employer W-2 Filing Instructions & Information webpage at www. Irs forms 1040ez socialsecurity. Irs forms 1040ez gov/employer. Irs forms 1040ez For information on filing information returns electronically with the IRS, see Publication 1220, Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and W-2G. Irs forms 1040ez By April 30, July 31, October 31, and January 31. Irs forms 1040ez   Deposit FUTA taxes. Irs forms 1040ez Deposit FUTA tax if the undeposited amount is over $500. Irs forms 1040ez Before December 1. Irs forms 1040ez  Remind employees to submit a new Form W-4 if their marital status or withholding allowances have changed or will change for the next year. Irs forms 1040ez Introduction This publication is for employers of agricultural workers (farmworkers). Irs forms 1040ez It contains information that you may need to comply with the laws for agricultural labor (farmwork) relating to social security and Medicare taxes, FUTA tax, and withheld federal income tax (employment taxes). Irs forms 1040ez Agricultural employers report social security and Medicare taxes and withheld federal income tax on Form 943 and report FUTA tax on Form 940. Irs forms 1040ez If you have nonfarm employees, see Publication 15 (Circular E). Irs forms 1040ez If you have employees in the U. Irs forms 1040ez S. Irs forms 1040ez Virgin Islands, Guam, American Samoa, or the Commonwealth of the Northern Mariana Islands, see Publication 80 (Circular SS). Irs forms 1040ez Publication 15-A, Employer's Supplemental Tax Guide, contains more employment-related information, including information about sick pay and pension income. Irs forms 1040ez Publication 15-B, Employer's Tax Guide to Fringe Benefits, contains information about the employment tax treatment and valuation of various types of noncash compensation. Irs forms 1040ez Comments and suggestions. Irs forms 1040ez   We welcome your comments about this publication and your suggestions for future editions. Irs forms 1040ez   You can write to us at the following address:  Internal Revenue Service Tax Forms and Publications Division  1111 Constitution Ave. Irs forms 1040ez NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Irs forms 1040ez Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Irs forms 1040ez   You can also send us comments from www. Irs forms 1040ez irs. Irs forms 1040ez gov/formspubs. Irs forms 1040ez Click on More Information and then click on Comment on Tax Forms and Publications. Irs forms 1040ez   Although we cannot respond individually to each email, we do appreciate your feedback and will consider your comments as we revise our tax forms, instructions, and publications. Irs forms 1040ez COBRA premium assistance credit. Irs forms 1040ez   The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) provides certain former employees, retirees, spouses, former spouses, and dependent children the right to temporary continuation of health coverage at group rates. Irs forms 1040ez COBRA generally covers multiemployer health plans and health plans maintained by private-sector employers (other than churches) with 20 or more full and part-time employees. Irs forms 1040ez Parallel requirements apply to these plans under the Employee Retirement Income Security Act of 1974 (ERISA). Irs forms 1040ez Under the Public Health Service Act, COBRA requirements apply also to health plans covering state or local government employees. Irs forms 1040ez Similar requirements apply under the Federal Employees Health Benefits Program and under some state laws. Irs forms 1040ez For the premium assistance (or subsidy) discussed below, these requirements are all referred to as COBRA requirements. Irs forms 1040ez   Under the American Recovery and Reinvestment Act of 2009 (ARRA), employers are allowed a credit against “payroll taxes” (referred to in this publication as “employment taxes”) for providing COBRA premium assistance to assistance eligible individuals. Irs forms 1040ez For periods of COBRA continuation coverage beginning after February 16, 2009, a group health plan must treat an assistance eligible individual as having paid the required COBRA continuation coverage premium if the individual elects COBRA coverage and pays 35% of the amount of the premium. Irs forms 1040ez   An assistance eligible individual is a qualified beneficiary of an employer's group health plan who is eligible for COBRA continuation coverage during the period beginning September 1, 2008, and ending May 31, 2010, due to the involuntarily termination from employment of a covered employee during the period and elects continuation COBRA coverage. Irs forms 1040ez The assistance for the coverage can last up to 15 months. Irs forms 1040ez   Employees terminated during the period beginning September 1, 2008, and ending May 31, 2010, who received a severance package that delayed the start of the COBRA continuation coverage, may still be eligible for premium assistance for COBRA continuation coverage. Irs forms 1040ez For more information, see Notice 2009-27, 2009-16 I. Irs forms 1040ez R. Irs forms 1040ez B. Irs forms 1040ez 838, available at www. Irs forms 1040ez irs. Irs forms 1040ez gov/irb/2009-16_irb/ar09. Irs forms 1040ez html. Irs forms 1040ez   Administrators of the group health plans (or other entities) that provide or administer COBRA continuation coverage must provide notice to assistance eligible individuals of the COBRA premium assistance. Irs forms 1040ez   The 65% of the premium not paid by the assistance eligible individual is reimbursed to the employer maintaining the group health plan. Irs forms 1040ez The reimbursement is made through a credit against the employer's employment tax liabilities. Irs forms 1040ez For information on how to claim the credit, see the Instructions for Form 943. Irs forms 1040ez The credit is treated as a deposit made on the first day of the return period. Irs forms 1040ez In the case of a multiemployer plan, the credit is claimed by the plan, rather than the employer. Irs forms 1040ez In the case of an insured plan subject to state law continuation coverage requirements, the credit is claimed by the insurance company, rather than the employer. Irs forms 1040ez   Anyone claiming the credit for COBRA premium assistance payments must maintain the following information to support their claim, including the following. Irs forms 1040ez Information on the receipt of the assistance eligible individuals' 35% share of the premium including dates and amounts. Irs forms 1040ez In the case of an insurance plan, a copy of invoice or other supporting statement from the insurance carrier and proof of timely payment of the full premium to the insurance carrier required under COBRA. Irs forms 1040ez In the case of a self-insured plan, proof of the premium amount and proof of the coverage provided to the assistance eligible individuals. Irs forms 1040ez Attestation of involuntary termination, including the date of the involuntary termination for each covered employee whose involuntary termination is the basis for eligibility for the subsidy. Irs forms 1040ez Proof of each assistance eligible individual's eligibility for COBRA coverage and the election of COBRA coverage. Irs forms 1040ez A record of the social security numbers (SSNs) of all covered employees, the amount of the subsidy reimbursed with respect to each covered employee, and whether the subsidy was for one individual or two or more individuals. Irs forms 1040ez   For more information, visit IRS. Irs forms 1040ez gov and enter “COBRA” in the search box. Irs forms 1040ez Useful Items - You may want to see: Publication 15 (Circular E), Employer's Tax Guide 15-A Employer's Supplemental Tax Guide 15-B Employer's Tax Guide to Fringe Benefits 225 Farmer's Tax Guide 535 Business Expenses 583 Starting a Business and Keeping Records 1635 Employer Identification Number: Understanding Your EIN Prev  Up  Next   Home   More Online Publications