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Irs Gov 2012 Tax Forms

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Irs Gov 2012 Tax Forms

Irs gov 2012 tax forms Part Three -   Ganancias y Pérdidas Los cuatro capítulos de esta sección abordan las ganancias y pérdidas provenientes de inversiones. Irs gov 2012 tax forms Explican también cómo calcular la base de una propiedad. Irs gov 2012 tax forms Una ganancia proveniente de la venta o del canje de acciones, bonos u otra propiedad de inversión puede estar sujeta a impuestos o al menos parcialmente exenta de impuestos. Irs gov 2012 tax forms Una pérdida puede ser o no ser deducible. Irs gov 2012 tax forms Además, estos capítulos tratan sobre las ganancias provenientes de la venta de propiedad de uso personal, incluidas las reglas especiales que corresponden al vender su vivienda. Irs gov 2012 tax forms Las pérdidas por hecho fortuito y robo no relacionadas con los negocios se presentan en el capítulo 25 de la Parte Cinco. Irs gov 2012 tax forms Table of Contents 13. Irs gov 2012 tax forms   Base de BienesIntroduction Useful Items - You may want to see: Base de CostoBienes Raíces Base AjustadaAumentos a la Base Disminuciones a la Base Base Distinta al CostoBienes Recibidos por Servicios Intercambios Sujetos a Impuestos Conversiones Involuntarias Intercambios no Sujetos a Impuestos Bienes Traspasados de un Cónyuge Bienes Recibidos como Donación Bienes Heredados Bienes de Uso Personal Cambiados a Uso Comercial o de Alquiler Acciones y Bonos 14. Irs gov 2012 tax forms   Venta de BienesRecordatorio Introduction Useful Items - You may want to see: Ventas y CanjesQué es una Venta o Canje Cómo Calcular Pérdidas o Ganancias Canjes no Sujetos a Impuestos Traspasos entre Cónyuges Transacciones entre Partes Vinculadas Pérdidas y Ganancias de CapitalPérdidas o Ganancias Ordinarias o de Capital Bienes de Capital y Bienes que no Son de Capital Período de Tenencia Deudas Incobrables no Empresariales Ventas Ficticias Reinversiones de Ganancia de Valores Cotizados en Bolsa 15. Irs gov 2012 tax forms   Venta de su ViviendaRecordatorio Introduction Useful Items - You may want to see: Vivienda Principal Cómo Calcular las Pérdidas o Ganancias Precio de Venta Cantidad Recibida Base Ajustada Cantidad de Pérdidas o Ganancias Enajenaciones que no Sean Ventas Cómo Determinar la Base Cómo Excluir las GananciasExclusión Máxima Requisitos de Propietario y de Uso Exclusión Máxima Reducida Uso Comercial o Alquiler de Vivienda Cómo Declarar la VentaHipoteca financiada por el vendedor. Irs gov 2012 tax forms Información adicional. Irs gov 2012 tax forms Situaciones EspecialesExcepción para ventas a personas emparentadas o vinculadas. Irs gov 2012 tax forms Recuperación (Devolución) de un Subsidio Hipotecario Federal 16. Irs gov 2012 tax forms   Cómo Declarar Ganancias y PérdidasQué Hay de Nuevo Introduction Useful Items - You may want to see: Cómo Declarar Ganancias y Pérdidas de CapitalExcepción 1. Irs gov 2012 tax forms Excepción 2. Irs gov 2012 tax forms Presente el Formulario 1099-B o el Formulario 1099-S al IRS. Irs gov 2012 tax forms Pérdidas de Capital Tasas Impositivas sobre Ganancias de Capital Prev  Up  Next   Home   More Online Publications
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SOI Tax Stats - SOI Working Papers

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Statistics of Income Working Papers

The Statistics of Income (SOI) working papers present new and exciting research on the U.S. Federal tax system and the methods used to produce tax statistics. Papers are presented at professional conferences, such as the Joint Statistical Meeting of the American Statistical Association and the National Tax Association’s annual conference on taxation, and are often published in professional journals. Below you will find a selection of papers organized by presentation year.

Papers in this series generally do not undergo the extensive review and editorial process accorded official SOI publications. Instead, these working papers are intended to make results of research available to others and to encourage discussion on a variety of topics. As a result, papers may be occasionally revised or updated.

Jump to a year:

1997  1998  1999  2000  2001  2002  2003  2004  2005  2006  2007  2008  2009  2011  2013  2014


2014

Older Taxpayers’ Response to Taxation of Social Security Benefits
Leonard Burman, Syracuse University and the Tax Policy Center, Norma B. Coe, University of Washington and the National Bureau of Economic Research, Kevin Pierce, Internal Revenue Service, Liu Tian, Syracuse University

Over the Top: How Tax Returns Show that the Very Rich Are Different from You and Me
Jenny Bourne and Lisa Rosenmerkel

The Economic Impact of Tax Expenditures: Evidence from Spatial Variation Across the U.S.
Associated Tables (.xls format)
Raj Chetty and Nathaniel Hendren, Harvard University and the National Bureau of Economic Research, and, Patrick Kline and Emmanuel Saez, University of California, Berkeley and the National Bureau of Economic Research

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2013

The Home Mortgage Interest Deduction and Migratory Insurance Over the Great Recession
Danny Yagan, University of California, Berkeley

Do Financial Frictions Amplify Fiscal Policy? Evidence from Business Investment Stimulus
Eric Zwick and James Mahon, Harvard University

A New Look at the Income-Wealth Connection for America’s Wealthiest Decedents
Barry Johnson, Brian Raub, and Joseph Newcomb, Statistics of Income, IRS

A Comparison of Wealth Estimates For America’s Wealthiest Decedents Using Tax Data and Data From The Forbes 400
Barry Johnson, Brian Raub, and Joseph Newcomb, Statistics of Income, IRS

Capital Tax Reform and the Real Economy: The Effects of the 2003 Dividend Tax Cut
Danny Yagan, University of California, Berkeley

Do Tax Credits for Parents Affect Child College Enrollment?
Nathaniel G. Hilger, Brown University

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2011

New Evidence on the Long-Term Impacts of Tax Credits
Raj Chetty and JohnFriedman, Harvard University and the National Bureau of Economic Research, and Jonah Rockoff, Columbia University and the National Bureau of Economic Research

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2009

Variance Estimation for Estimators of Between-Year Change in Totals from Two Stratified Bernoulli Samples
Henry, Kimberly; Testa, Valerie; Valliant, Richard

The Effect of Late-Filed Returns on Population Estimates: A Comparative Analysis
Raub, Brian; Belmonte, Cynthia; Arnsberger, Paul; Ludlum, Melissa

Variance Estimation for Estimators of Between-Year Change in Totals from Two Stratified Bernoulli Samples
Kimberly Henry and Valerie Testa, Internal Revenue Service and Richard Valliant, University of Michigan

The Effect of Late-Filed Returns on Population Estimates: A Comparative Analysis
Brian Raub, Cynthia Belmonte, Paul Arnsberger, and Melissa Ludlum, Internal Revenue Service

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2008

Dissemination Of Statistical Products: The IRS’s Journey
Gangi, Martha Eller

Attrition in the Individual Income Tax Return Panel, Tax Years 1999–2005
Bryant, Victoria

Statistics of Income Sales of Capital Assets Sample Redesign for Tax Year 2007
Liu, Yan; Scali, Jana; Strudler, Michael; Wilson, Janette

90 Years of SOI: A Collection of Historical Articles
Multiple Authors

Using Audit Data To Estimate Taxpayer Reporting Error in the Statistics of Income Division's Individual Tax Return Sample
Henry, Kimberly

Differences in Income Estimates Derived from Survey and Tax Data
Johnson, Barry; Moore, Kevin

Old Tabulations, Old Files, and a Brief History of Individual Tax Return Sampling
Weber, Michael; Paris, David; Sailer, Peter

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2007

Measuring Disclosure Risk and an Examination of the Possibilities of Using Synthetic Data in the Individual Income Tax Return Public Use File
Vartivarian, Sonya; Czajka, John; Weber, Michael

Measuring the Quality of Service to Taxpayers in Volunteer Sites
Cecco, Kevin; Walsh, Ronald; Hooker, Rachael

SOI Develops Better Survey Questions Through Pretesting
Milleville, Diane; Wells, Tara

Using the Statistics of Income Division's Sample Data To Reduce Measurement and Processing Error in Small-Area Estimates Produced from Administrative Tax Records
Henry, Kimberly; Lahiri, Partha; Fisher, Robin

An Empirical Evaluation of Various Direct, Synthetic, and Traditional Composite Small-Area Estimators
Henry, Kimberly; Strudler, Michael; Chen, William

Evaluating Alternative One-Sided Coverage Intervals for an Extreme Binomial Proportion
Liu, Yan; Kott, Phillip

Improving the Quality of U.S. Tax Statistics: Recent Innovations in Editing and Imputation Techniques at the Statistics of Income Division of the U.S. Internal Revenue Service
Scott M. Hollenbeck, Melissa Ludlum, and Barry W. Johnson, Internal Revenue Service

Using an Individual Income Tax Panel File To Measure Changes in Marginal Tax Rates: Opportunities
Diamond, John; Rector, Ralph; Weber, Michael

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2006

Social Security Taxes, Social Security Benefits, and Social Security Benefits Taxation, 2003
Sailer, Peter; Pierce, Kevin; Lomize, Evgenia

Analysis of the Distributions of Income, Taxes, and Payroll Taxes via Cross Section and Panel Data, 1979–2004
Strudler, Michael; Hentz, Lori; Petska, Tom; Petska, Ryan

Performance Measurement within the Statistics of Income Division
Cecco, Kevin

Customer Satisfaction Initiatives at IRS’s Statistics of Income: Using Surveys to Improve Customer Service
Schwartz, Ruth; Kilss, Beth

Tying Website Performance to Mission Achievement in the Federal Government
Milleville, Diane

The Tax Year 1999–2003 Individual Income Tax Return Panel: A First Look at the Data
Weber, Michael

Application of an Evolutionary Algorithm to Multivariate Optimal Allocation in Stratified Sample Designs
Day, Charles

Factors in Estates’ Utilization of Special Tax Provisions for Family-Owned Farms and Closely Held Businesses
Gangi, Martha Eller; Henry, Kimberly; Raub, Brian

Corporation Life Cycles: Examining Attrition Trends and Return Characteristics in Statistics of Income Cross-Sectional 1120 Samples
Matthew L. Scoffic

An Analysis of the Free File Program
Chu, Michelle; Kovalick, Melissa

Comparing Strategies To Estimate a Measure of Heteroscedasticity
Henry, Kimberly; Valliant, Richard

Creativity and Compromise: Constructing a Panel of Income and Estate Tax Data for Wealthy Individuals
Johnson, Barry; Schreiber, Lisa

Monitoring Statistics of Income (SOI) Samples
Koshansky, Joseph

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2005

Trends in 401(k) and IRA Contribution Activity, 1999–2002—Results from a Panel of Matched Tax Returns and Information Documents
Sailer, Peter; Bryant, Victoria Holden, Sarah

The 1999 Individual Income Tax Return Edited Panel
Weber, Michael; Bryant, Victoria

A Cluster Analysis Approach To Describing Tax Data
Raub, Brian; Chen, William

Origins of the Estate and Personal Wealth Sample Design
McMahon, Paul

Corporation Supercritical Cases: How Do Imputed Returns on the Corporate File Compare to the Actual Returns?
Davitian, Lucy

Internal Revenue Service Area-To-Area Migration Data: Strengths, Limitations, and Current Trends
Gross, Emily

A Comparison of Income Concepts: IRS Statistics of Income, Census Current Population Survey, and BLS Consumer Expenditure Survey
Henry, Eric; Day, Charles

Measuring Nonsampling Error in the Statistics of Income Individual Tax Return Study
Scali, Jana; Testa, Valerie; Kahr, Maureen; Strudler, Michael

The Impact of the Followup Process on the 2002 Foreign Tax Credit Study Data
Singmaster, Rob; Redmiles, Lissa

Prelude to Schedule M–3: Schedule M–1 Corporate Book-Tax Difference Data, 1990–2003
Boynton, Charles; DeFilippes, Portia; Legel, Ellen

An Essay on the Effects of Taxation on the Corporate Financial Policy
Contos, George

An Analysis of Business Organizational Structure and Activity from Tax Data
Petska, Tom; Parisi, Michael; Luttrell, Kelly; Davitian, Lucy; Scoffic, Matt

Geographic Variation in Schedule H Filing Rates: Why Should Location Influence the Decision To Report Nanny Taxes?
Bloomquist, Kim; An, Zhiyong

Current Research in the Nonprofit Sector
Arnsberger, Paul; Ludlum, Melissa; Riley, Margaret

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2004

Use of Individual Retirement Arrangements to Save for Retirement—Results From a Matched File of Tax Returns and Information Documents for Tax Year 2001
Sailer, Peter; Holden, Sarah

Further Analysis of the Distribution of Income and Taxes, 1979–2003
Strudler, Michael; Petska, Tom; Petska, Ryan

The Statistics of Income 1979–2002 Continuous Work History Sample Individual Income Tax Return Panel
Weber, Michael

Assessing Industry Codes on the IRS Business Master File
McMahon, Paul

Customer Satisfaction Initiatives within the Statistics of Income Division of the Internal Revenue Service
Cecco, Kevin

The Evolution of IRS Telephone Quality Measures
Rosage, Laura

Some New Tables for Upper Probability Points of the Largest Root of a Determinantal Equation
Chen, William

Editor Judgment Effect: Modeling a Key Component of Nonsampling Error in Administrative Data
Henry, Kimberly; Ahmed, Yahia; Legel, Ellen

The Effect of Content Errors on Bias and Nonsampling Variance in Estimates Derived From Samples
Johnson, Barry; Jacobson,Darien B.

Data Interpretation across Sources: A Study of Form 990–PF Information Collected from Multiple Databases
Ludlum, Melissa

Recent Research on Small Business Compliance Burden
Guyton, John; Kindlon, Audrey; Zhou, Jian

The Mismeasure of Man’s Well-Being: Refining Realized Income Measures with Wealth, Portfolio, and Mortality Information
Johnson, Barry; Wahl, Jenny

Tax Evasion and Entrepreneurship: The Effect of Income Reporting Policies on Evasion. An Experimental Approach
Alm, James; Deskins, John; McKee, Michael

Audit Information Dissemination, Taxpayer Communication and Tax Compliance: An Experimental Investigation of Indirect Audit Effects
Alm, James; Jackson, Betty; McKee, Michael

Multi-Agent Based Simulation of the Deterrent Effects of Taxpayer Audits
Bloomquist, Kim

Developing Adoptable Disclosure Protection Techniques: Lessons Learned From a U.S. Experience
Greenia, Nicholas

Consider the Source: Differences in Income Estimates Derived from Survey and Tax Data
Johnson, Barry; Moore, Kevin

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2003

The Effects of Tax Reform on the Structure of U.S. Business
Legel, Ellen; Bennett, Kelly; Parisi, Michael

Accumulation and Distributions of Retirement Assets, 1996–2000—Results from a Matched File of Tax Returns and Information Returns
Sailer, Peter; Gurka, Kurt; Holden, Sarah

An Analysis of the Distribution of Individual Income and Taxes, 1979–2001
Strudler, Michael; Petska, Tom; Petska, Ryan

IRS Seeks to Develop New Web-Based Measurement Indicators for IRS.gov
Dixon, Diane

Statistical Information Services at IRS: Improving Dissemination of Data and Satisfying the Customer
Kilss, Beth; Jordan, David

Recent Efforts to Maximize Benefits from the Statistics of Income Advisory Panel
Petska, Tom; Kilss, Beth

Regulatory Exemptions and Item Nonresponse
McMahon, Paul

Comparing Scoring Systems From Cluster Analysis and Discriminant Analysis Using Random Samples
Wong, William; Ho, Chih-Chin

Estimating the Compliance Cost of the U.S. Individual Income Tax
Toder, Eric J.; Guyton, John; O'Hare, John; Stavrianos, Michael

Tax Evasion, Income Inequality and Opportunity Costs of Compliance
Bloomquist, Kim

IRS's Comprehensive Approach to Compliance Measurement
Brown, Robert; Mazur, Mark

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2002

Salaries and Wages and Deferred Income, 1989–1999
Sailer, Peter; Yau, Ellen; Gurka, Kurt; Weber, Michael

Proxies in Administrative Records Surveys
McMahon, Paul

Assessing Disclosure Protection for a SOI Public Use File
Winglee, Marianne; Valliant, Richard; Clark, Jay; Lim, Yunhee; Weber, Michael; Strudler, Michael

Electronic Dissemination of Internal Revenue Service Locality Data
Gross, Emily; Kilss, Beth

Analysis of the 1998 Gift Tax Panel Study
Eller, Martha Britton; Rib, Tamara

Evaluating the Effect of Sample Size Changes on Scoring System Performance Using Bootstraps and Random Samples
Wong, William; Ho, Chih-Chin

Using Auxiliary Information to Adjust for Non-Response in Weighting a Linked Sample of Administrative Records
Johnson, Barry: McMahon, Paul

Developing an Econometric Model for Measuring Tax Noncompliance Using Operational Audit Data
Erard, Brian; Ho, Chih-Chin

Some New Tables of the Largest Root of a Matrix in Multivariate Analysis: A Computer Approach from 2 to 6
Chen, William

Are Taxpayers Increasing the Buildup of Retirement Assets? Preliminary Results from a Matched File of Tax Year 1999 Tax Returns and Information Returns
Sailer, Peter; Weber, Michael; Gurka, Kurt

New Estimates of the Distribution of Individual Income and Taxes
Strudler, Michael; Petska, Tom; Petska, Ryan

How the Quality of Responses the IRS Provides to Taxpayer Inquiries is Measured
Cecco, Kevin; Hoopengardner, Rachael

The Impact of the IRS on Voluntary Tax Compliance: Preliminary Empirical Results
Plumley, Alan

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2001

Taxing Charity: Linking Income Tax Returns to Samples of Nonexempt Charitable and Charitable Remainder
Belvedere, Melissa; Mikow, Jacob; Whitten, Melissa

The 1998 Gift Tax Panel Study: Using The IRS Returns Transaction File as a Sample Frame
Eller, Martha Britton; Rib, Tamara

Sample Design Revisions in the Wake of NAICS and Regulatory Changes
McMahon, Paul

Statistical Information from Administrative Records in the Federal Tax System
Petska, Tom

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2000

Exporting a Statistical System: Towards Establishing a Tax Statistics Function in South Africa
Petska, Tom

Beyond Andrew Carnegie: Using a Linked Sample of Federal Income and Estate Tax Returns to Examine the Effects of Bequests on Beneficiary Behavior
Mikow, Jacob; Berkowitz, Darien

Statistical Consulting Within the Internal Revenue Service
Cecco, Kevin; Walsh, Ronald

Attrition in a Panel of Individual Income Tax Returns, 1992–1997
Sailer, Peter; Weber, Michael; Wong, William

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1999

The Distribution of Individual Income and Taxes: A New Look at an Old Issue
Petska, Tom; Strudler, Mike

Personal Wealth, 1995
Johnson, Barry

Further Examination of the Distribution of Individual Income and Taxes Using a Consistent and Comprehensive Measure of Income
Petska, Tom; Strudler, Mike; Petska, Ryan

Customer Service Satisfaction Survey: Cognitive and Prototype Test
Cecco, Kevin; Young, Anthony

On Computing Gaussian Curvature of Some Well Known Distributions
Chen, William

The Feasiblity of State Corporate Data
Francis, Brian

Using a Sample of Federal Estate Tax Returns to Examine the Effects of Audit Revaluation on Pre-Audit Estimates
Eller, Martha Britton; Johnson, Barry

Occupation and Industry Data from Tax Year 1993 Individual Tax Returns
Sailer, Peter; Nuriddin, Terry

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1998

Income, Tax, and Tax Progressivity: An Examination of Recent Trends in the Distribution of Individual Income and Taxes
Petska, Tom; Strudler, Mike

Updating Techniques for Estimating Wealth from Federal Estate Tax Returns
Johnson, Barry

The IRS Population Count: An Update
Sailer, Peter; Weber, Michael

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1997

Taxes and Business Organizational Choice: Deja Vu All Over Again?
Petska, Tom

Partnerships in Data Sharing: The Internal Revenue Service and the Bureau of Economic Analysis
Petska, Tom

Federal Taxation of Inheritance and Wealth Transfers
Johnson, Barry; Eller, Martha Britton

Household and Individual Income Data from Tax Returns
Sailer, Peter; Weber, Michael

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Page Last Reviewed or Updated: 10-Mar-2014

The Irs Gov 2012 Tax Forms

Irs gov 2012 tax forms Publication 575 - Main Content Table of Contents General InformationPension. Irs gov 2012 tax forms Annuity. Irs gov 2012 tax forms Qualified employee plan. Irs gov 2012 tax forms Qualified employee annuity. Irs gov 2012 tax forms Designated Roth account. Irs gov 2012 tax forms Tax-sheltered annuity plan. Irs gov 2012 tax forms Fixed-period annuities. Irs gov 2012 tax forms Annuities for a single life. Irs gov 2012 tax forms Joint and survivor annuities. Irs gov 2012 tax forms Variable annuities. Irs gov 2012 tax forms Disability pensions. Irs gov 2012 tax forms Variable Annuities Section 457 Deferred Compensation Plans Disability Pensions Insurance Premiums for Retired Public Safety Officers Railroad Retirement Benefits Withholding Tax and Estimated Tax Cost (Investment in the Contract)Foreign employment contributions while a nonresident alien. Irs gov 2012 tax forms Taxation of Periodic PaymentsPeriod of participation. Irs gov 2012 tax forms Fully Taxable Payments Partly Taxable Payments Taxation of Nonperiodic PaymentsFiguring the Taxable Amount Loans Treated as Distributions Transfers of Annuity Contracts Lump-Sum Distributions RolloversExceptions. Irs gov 2012 tax forms No tax withheld. Irs gov 2012 tax forms Partial rollovers. Irs gov 2012 tax forms Frozen deposits. Irs gov 2012 tax forms Reasonable period of time. Irs gov 2012 tax forms 20% Mandatory withholding. Irs gov 2012 tax forms How to report. Irs gov 2012 tax forms How to report. Irs gov 2012 tax forms Special rule for Roth IRAs and designated Roth accounts. Irs gov 2012 tax forms Special Additional TaxesTax on Early Distributions Tax on Excess Accumulation Survivors and BeneficiariesGuaranteed payments. Irs gov 2012 tax forms How To Get Tax HelpLow Income Taxpayer Clinics General Information Definitions. Irs gov 2012 tax forms   Some of the terms used in this publication are defined in the following paragraphs. Irs gov 2012 tax forms Pension. Irs gov 2012 tax forms   A pension is generally a series of definitely determinable payments made to you after you retire from work. Irs gov 2012 tax forms Pension payments are made regularly and are based on such factors as years of service and prior compensation. Irs gov 2012 tax forms Annuity. Irs gov 2012 tax forms   An annuity is a series of payments under a contract made at regular intervals over a period of more than one full year. Irs gov 2012 tax forms They can be either fixed (under which you receive a definite amount) or variable (not fixed). Irs gov 2012 tax forms You can buy the contract alone or with the help of your employer. Irs gov 2012 tax forms Qualified employee plan. Irs gov 2012 tax forms   A qualified employee plan is an employer's stock bonus, pension, or profit-sharing plan that is for the exclusive benefit of employees or their beneficiaries and that meets Internal Revenue Code requirements. Irs gov 2012 tax forms It qualifies for special tax benefits, such as tax deferral for employer contributions and capital gain treatment or the 10-year tax option for lump-sum distributions (if participants qualify). Irs gov 2012 tax forms To determine whether your plan is a qualified plan, check with your employer or the plan administrator. Irs gov 2012 tax forms Qualified employee annuity. Irs gov 2012 tax forms   A qualified employee annuity is a retirement annuity purchased by an employer for an employee under a plan that meets Internal Revenue Code requirements. Irs gov 2012 tax forms Designated Roth account. Irs gov 2012 tax forms   A designated Roth account is a separate account created under a qualified Roth contribution program to which participants may elect to have part or all of their elective deferrals to a 401(k), 403(b), or 457(b) plan designated as Roth contributions. Irs gov 2012 tax forms Elective deferrals that are designated as Roth contributions are included in your income. Irs gov 2012 tax forms However, qualified distributions (explained later) are not included in your income. Irs gov 2012 tax forms You should check with your plan administrator to determine if your plan will accept designated Roth contributions. Irs gov 2012 tax forms Tax-sheltered annuity plan. Irs gov 2012 tax forms   A tax-sheltered annuity plan (often referred to as a 403(b) plan or a tax-deferred annuity plan) is a retirement plan for employees of public schools and certain tax-exempt organizations. Irs gov 2012 tax forms Generally, a tax-sheltered annuity plan provides retirement benefits by purchasing annuity contracts for its participants. Irs gov 2012 tax forms Types of pensions and annuities. Irs gov 2012 tax forms   Pensions and annuities include the following types. Irs gov 2012 tax forms Fixed-period annuities. Irs gov 2012 tax forms   You receive definite amounts at regular intervals for a specified length of time. Irs gov 2012 tax forms Annuities for a single life. Irs gov 2012 tax forms   You receive definite amounts at regular intervals for life. Irs gov 2012 tax forms The payments end at death. Irs gov 2012 tax forms Joint and survivor annuities. Irs gov 2012 tax forms   The first annuitant receives a definite amount at regular intervals for life. Irs gov 2012 tax forms After he or she dies, a second annuitant receives a definite amount at regular intervals for life. Irs gov 2012 tax forms The amount paid to the second annuitant may or may not differ from the amount paid to the first annuitant. Irs gov 2012 tax forms Variable annuities. Irs gov 2012 tax forms   You receive payments that may vary in amount for a specified length of time or for life. Irs gov 2012 tax forms The amounts you receive may depend upon such variables as profits earned by the pension or annuity funds, cost-of-living indexes, or earnings from a mutual fund. Irs gov 2012 tax forms Disability pensions. Irs gov 2012 tax forms   You receive disability payments because you retired on disability and have not reached minimum retirement age. Irs gov 2012 tax forms More than one program. Irs gov 2012 tax forms   You may receive employee plan benefits from more than one program under a single trust or plan of your employer. Irs gov 2012 tax forms If you participate in more than one program, you may have to treat each as a separate pension or annuity contract, depending upon the facts in each case. Irs gov 2012 tax forms Also, you may be considered to have received more than one pension or annuity. Irs gov 2012 tax forms Your former employer or the plan administrator should be able to tell you if you have more than one contract. Irs gov 2012 tax forms Example. Irs gov 2012 tax forms Your employer set up a noncontributory profit-sharing plan for its employees. Irs gov 2012 tax forms The plan provides that the amount held in the account of each participant will be paid when that participant retires. Irs gov 2012 tax forms Your employer also set up a contributory defined benefit pension plan for its employees providing for the payment of a lifetime pension to each participant after retirement. Irs gov 2012 tax forms The amount of any distribution from the profit-sharing plan depends on the contributions (including allocated forfeitures) made for the participant and the earnings from those contributions. Irs gov 2012 tax forms Under the pension plan, however, a formula determines the amount of the pension benefits. Irs gov 2012 tax forms The amount of contributions is the amount necessary to provide that pension. Irs gov 2012 tax forms Each plan is a separate program and a separate contract. Irs gov 2012 tax forms If you get benefits from these plans, you must account for each separately, even though the benefits from both may be included in the same check. Irs gov 2012 tax forms Distributions from a designated Roth account are treated separately from other distributions from the plan. Irs gov 2012 tax forms Qualified domestic relations order (QDRO). Irs gov 2012 tax forms   A QDRO is a judgment, decree, or order relating to payment of child support, alimony, or marital property rights to a spouse, former spouse, child, or other dependent of a participant in a retirement plan. Irs gov 2012 tax forms The QDRO must contain certain specific information, such as the name and last known mailing address of the participant and each alternate payee, and the amount or percentage of the participant's benefits to be paid to each alternate payee. Irs gov 2012 tax forms A QDRO may not award an amount or form of benefit that is not available under the plan. Irs gov 2012 tax forms   A spouse or former spouse who receives part of the benefits from a retirement plan under a QDRO reports the payments received as if he or she were a plan participant. Irs gov 2012 tax forms The spouse or former spouse is allocated a share of the participant's cost (investment in the contract) equal to the cost times a fraction. Irs gov 2012 tax forms The numerator of the fraction is the present value of the benefits payable to the spouse or former spouse. Irs gov 2012 tax forms The denominator is the present value of all benefits payable to the participant. Irs gov 2012 tax forms   A distribution that is paid to a child or other dependent under a QDRO is taxed to the plan participant. Irs gov 2012 tax forms Variable Annuities The tax rules in this publication apply both to annuities that provide fixed payments and to annuities that provide payments that vary in amount based on investment results or other factors. Irs gov 2012 tax forms For example, they apply to commercial variable annuity contracts, whether bought by an employee retirement plan for its participants or bought directly from the issuer by an individual investor. Irs gov 2012 tax forms Under these contracts, the owner can generally allocate the purchase payments among several types of investment portfolios or mutual funds and the contract value is determined by the performance of those investments. Irs gov 2012 tax forms The earnings are not taxed until distributed either in a withdrawal or in annuity payments. Irs gov 2012 tax forms The taxable part of a distribution is treated as ordinary income. Irs gov 2012 tax forms Net investment income tax. Irs gov 2012 tax forms   Beginning in 2013, annuities under a nonqualified plan are included in calculating your net investment income for the net investment income tax (NIIT). Irs gov 2012 tax forms For information see the Instructions for Form 8960, Net Investment Income Tax — Individuals, Estates and Trusts. Irs gov 2012 tax forms For information on the tax treatment of a transfer or exchange of a variable annuity contract, see Transfers of Annuity Contracts under Taxation of Nonperiodic Payments, later. Irs gov 2012 tax forms Withdrawals. Irs gov 2012 tax forms   If you withdraw funds before your annuity starting date and your annuity is under a qualified retirement plan, a ratable part of the amount withdrawn is tax free. Irs gov 2012 tax forms The tax-free part is based on the ratio of your cost (investment in the contract) to your account balance under the plan. Irs gov 2012 tax forms   If your annuity is under a nonqualified plan (including a contract you bought directly from the issuer), the amount withdrawn is allocated first to earnings (the taxable part) and then to your cost (the tax-free part). Irs gov 2012 tax forms However, if you bought your annuity contract before August 14, 1982, a different allocation applies to the investment before that date and the earnings on that investment. Irs gov 2012 tax forms To the extent the amount withdrawn does not exceed that investment and earnings, it is allocated first to your cost (the tax-free part) and then to earnings (the taxable part). Irs gov 2012 tax forms   If you withdraw funds (other than as an annuity) on or after your annuity starting date, the entire amount withdrawn is generally taxable. Irs gov 2012 tax forms   The amount you receive in a full surrender of your annuity contract at any time is tax free to the extent of any cost that you have not previously recovered tax free. Irs gov 2012 tax forms The rest is taxable. Irs gov 2012 tax forms   For more information on the tax treatment of withdrawals, see Taxation of Nonperiodic Payments , later. Irs gov 2012 tax forms If you withdraw funds from your annuity before you reach age 59½, also see Tax on Early Distributions under Special Additional Taxes, later. Irs gov 2012 tax forms Annuity payments. Irs gov 2012 tax forms   If you receive annuity payments under a variable annuity plan or contract, you recover your cost tax free under either the Simplified Method or the General Rule, as explained under Taxation of Periodic Payments , later. Irs gov 2012 tax forms For a variable annuity paid under a qualified plan, you generally must use the Simplified Method. Irs gov 2012 tax forms For a variable annuity paid under a nonqualified plan (including a contract you bought directly from the issuer), you must use a special computation under the General Rule. Irs gov 2012 tax forms For more information, see Variable annuities in Publication 939 under Computation Under the General Rule. Irs gov 2012 tax forms Death benefits. Irs gov 2012 tax forms    If you receive a single-sum distribution from a variable annuity contract because of the death of the owner or annuitant, the distribution is generally taxable only to the extent it is more than the unrecovered cost of the contract. Irs gov 2012 tax forms If you choose to receive an annuity, the payments are subject to tax as described above. Irs gov 2012 tax forms If the contract provides a joint and survivor annuity and the primary annuitant had received annuity payments before death, you figure the tax-free part of annuity payments you receive as the survivor in the same way the primary annuitant did. Irs gov 2012 tax forms See Survivors and Beneficiaries , later. Irs gov 2012 tax forms Section 457 Deferred Compensation Plans If you work for a state or local government or for a tax-exempt organization, you may be able to participate in a section 457 deferred compensation plan. Irs gov 2012 tax forms If your plan is an eligible plan, you are not taxed currently on pay that is deferred under the plan or on any earnings from the plan's investment of the deferred pay. Irs gov 2012 tax forms You are generally taxed on amounts deferred in an eligible state or local government plan only when they are distributed from the plan. Irs gov 2012 tax forms You are taxed on amounts deferred in an eligible tax-exempt organization plan when they are distributed or otherwise made available to you. Irs gov 2012 tax forms Your 457(b) plan may have a designated Roth account option. Irs gov 2012 tax forms If so, you may be able to roll over amounts to the designated Roth account or make contributions. Irs gov 2012 tax forms Elective deferrals to a designated Roth account are included in your income. Irs gov 2012 tax forms Qualified distributions (explained later) are not included in your income. Irs gov 2012 tax forms See the Designated Roth accounts discussion under Taxation of Periodic Payments, later. Irs gov 2012 tax forms This publication covers the tax treatment of benefits under eligible section 457 plans, but it does not cover the treatment of deferrals. Irs gov 2012 tax forms For information on deferrals under section 457 plans, see Retirement Plan Contributions under Employee Compensation in Publication 525. Irs gov 2012 tax forms Is your plan eligible?   To find out if your plan is an eligible plan, check with your employer. Irs gov 2012 tax forms Plans that are not eligible section 457 plans include the following: Bona fide vacation leave, sick leave, compensatory time, severance pay, disability pay, or death benefit plans. Irs gov 2012 tax forms Nonelective deferred compensation plans for nonemployees (independent contractors). Irs gov 2012 tax forms Deferred compensation plans maintained by churches. Irs gov 2012 tax forms Length of service award plans for bona fide volunteer firefighters and emergency medical personnel. Irs gov 2012 tax forms An exception applies if the total amount paid to a volunteer exceeds $3,000 for any year of service. Irs gov 2012 tax forms Disability Pensions If you retired on disability, you generally must include in income any disability pension you receive under a plan that is paid for by your employer. Irs gov 2012 tax forms You must report your taxable disability payments as wages on line 7 of Form 1040 or Form 1040A or on line 8 of Form 1040NR until you reach minimum retirement age. Irs gov 2012 tax forms Minimum retirement age generally is the age at which you can first receive a pension or annuity if you are not disabled. Irs gov 2012 tax forms You may be entitled to a tax credit if you were permanently and totally disabled when you retired. Irs gov 2012 tax forms For information on this credit, see Publication 524. Irs gov 2012 tax forms Beginning on the day after you reach minimum retirement age, payments you receive are taxable as a pension or annuity. Irs gov 2012 tax forms Report the payments on Form 1040, lines 16a and 16b; Form 1040A, lines 12a and 12b; or on Form 1040NR, lines 17a and 17b. Irs gov 2012 tax forms Disability payments for injuries incurred as a direct result of a terrorist attack directed against the United States (or its allies) are not included in income. Irs gov 2012 tax forms For more information about payments to survivors of terrorist attacks, see Publication 3920, Tax Relief for Victims of Terrorist Attacks. Irs gov 2012 tax forms Insurance Premiums for Retired Public Safety Officers If you are an eligible retired public safety officer (law enforcement officer, firefighter, chaplain, or member of a rescue squad or ambulance crew), you can elect to exclude from income distributions made from your eligible retirement plan that are used to pay the premiums for accident or health insurance or long-term care insurance. Irs gov 2012 tax forms The premiums can be for coverage for you, your spouse, or dependents. Irs gov 2012 tax forms The distribution must be made directly from the plan to the insurance provider. Irs gov 2012 tax forms You can exclude from income the smaller of the amount of the insurance premiums or $3,000. Irs gov 2012 tax forms You can only make this election for amounts that would otherwise be included in your income. Irs gov 2012 tax forms The amount excluded from your income cannot be used to claim a medical expense deduction. Irs gov 2012 tax forms An eligible retirement plan is a governmental plan that is: a qualified trust, a section 403(a) plan, a section 403(b) annuity, or a section 457(b) plan. Irs gov 2012 tax forms If you make this election, reduce the otherwise taxable amount of your pension or annuity by the amount excluded. Irs gov 2012 tax forms The amount shown in box 2a of Form 1099-R does not reflect this exclusion. Irs gov 2012 tax forms Report your total distributions on Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a. Irs gov 2012 tax forms Report the taxable amount on Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b. Irs gov 2012 tax forms Enter “PSO” next to the appropriate line on which you report the taxable amount. Irs gov 2012 tax forms If you are retired on disability and reporting your disability pension on line 7 of Form 1040 or Form 1040A, or line 8 of Form 1040NR, include only the taxable amount on that line and enter “PSO” and the amount excluded on the dotted line next to the applicable line. Irs gov 2012 tax forms Railroad Retirement Benefits Benefits paid under the Railroad Retirement Act fall into two categories. Irs gov 2012 tax forms These categories are treated differently for income tax purposes. Irs gov 2012 tax forms The first category is the amount of tier 1 railroad retirement benefits that equals the social security benefit that a railroad employee or beneficiary would have been entitled to receive under the social security system. Irs gov 2012 tax forms This part of the tier 1 benefit is the social security equivalent benefit (SSEB) and you treat it for tax purposes like social security benefits. Irs gov 2012 tax forms If you received, repaid, or had tax withheld from the SSEB portion of tier 1 benefits during 2013, you will receive Form RRB-1099, Payments by the Railroad Retirement Board (or Form RRB-1042S, Statement for Nonresident Alien Recipients of Payments by the Railroad Retirement Board, if you are a nonresident alien) from the U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms Railroad Retirement Board (RRB). Irs gov 2012 tax forms For more information about the tax treatment of the SSEB portion of tier 1 benefits and Forms RRB-1099 and RRB-1042S, see Publication 915. Irs gov 2012 tax forms The second category contains the rest of the tier 1 railroad retirement benefits, called the non-social security equivalent benefit (NSSEB). Irs gov 2012 tax forms It also contains any tier 2 benefit, vested dual benefit (VDB), and supplemental annuity benefit. Irs gov 2012 tax forms Treat this category of benefits, shown on Form RRB-1099-R, as an amount received from a qualified employee plan. Irs gov 2012 tax forms This allows for the tax-free (nontaxable) recovery of employee contributions from the tier 2 benefits and the NSSEB part of the tier 1 benefits. Irs gov 2012 tax forms (The NSSEB and tier 2 benefits, less certain repayments, are combined into one amount called the Contributory Amount Paid on Form RRB-1099-R. Irs gov 2012 tax forms ) Vested dual benefits and supplemental annuity benefits are non-contributory pensions and are fully taxable. Irs gov 2012 tax forms See Taxation of Periodic Payments , later, for information on how to report your benefits and how to recover the employee contributions tax free. Irs gov 2012 tax forms Form RRB-1099-R is used for U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms citizens, resident aliens, and nonresident aliens. Irs gov 2012 tax forms Nonresident aliens. Irs gov 2012 tax forms   A nonresident alien is an individual who is not a citizen or a resident alien of the United States. Irs gov 2012 tax forms Nonresident aliens are subject to mandatory U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms tax withholding unless exempt under a tax treaty between the United States and their country of legal residency. Irs gov 2012 tax forms A tax treaty exemption may reduce or eliminate tax withholding from railroad retirement benefits. Irs gov 2012 tax forms See Tax withholding next for more information. Irs gov 2012 tax forms   If you are a nonresident alien and your tax withholding rate changed or your country of legal residence changed during the year, you may receive more than one Form RRB-1042S or Form RRB-1099-R. Irs gov 2012 tax forms To determine your total benefits paid or repaid and total tax withheld for the year, you should add the amounts shown on all forms you received for that year. Irs gov 2012 tax forms For information on filing requirements for aliens, see Publication 519, U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms Tax Guide for Aliens. Irs gov 2012 tax forms For information on tax treaties between the United States and other countries that may reduce or eliminate U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms tax on your benefits, see Publication 901, U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms Tax Treaties. Irs gov 2012 tax forms Tax withholding. Irs gov 2012 tax forms   To request or change your income tax withholding from SSEB payments, U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms citizens should contact the IRS for Form W-4V, Voluntary Withholding Request, and file it with the RRB. Irs gov 2012 tax forms To elect, revoke, or change your income tax withholding from NSSEB, tier 2, VDB, and supplemental annuity payments received, use Form RRB W-4P, Withholding Certificate for Railroad Retirement Payments. Irs gov 2012 tax forms If you are a nonresident alien or a U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms citizen living abroad, you should provide Form RRB-1001, Nonresident Questionnaire, to the RRB to furnish citizenship and residency information and to claim any treaty exemption from U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms tax withholding. Irs gov 2012 tax forms Nonresident U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms citizens cannot elect to be exempt from withholding on payments delivered outside of the U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms Help from the RRB. Irs gov 2012 tax forms   To request an RRB form or to get help with questions about an RRB benefit, you should contact your nearest RRB field office if you reside in the United States (call 1-877-772-5772 for the nearest field office) or U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms consulate/Embassy if you reside outside the United States. Irs gov 2012 tax forms You can visit the RRB on the Internet at www. Irs gov 2012 tax forms rrb. Irs gov 2012 tax forms gov. Irs gov 2012 tax forms Form RRB-1099-R. Irs gov 2012 tax forms   The following discussion explains the items shown on Form RRB-1099-R. Irs gov 2012 tax forms The amounts shown on this form are before any deduction for: Federal income tax withholding, Medicare premiums, Legal process garnishment payments, Recovery of a prior year overpayment of an NSSEB, tier 2 benefit, VDB, or supplemental annuity benefit, or Recovery of Railroad Unemployment Insurance Act benefits received while awaiting payment of your railroad retirement annuity. Irs gov 2012 tax forms   The amounts shown on this form are after any offset for: Social Security benefits, Age reduction, Public Service pensions or public disability benefits, Dual railroad retirement entitlement under another RRB claim number, Work deductions, Legal process partition deductions, Actuarial adjustment, Annuity waiver, or Recovery of a current-year overpayment of NSSEB, tier 2, VDB, or supplemental annuity benefits. Irs gov 2012 tax forms   The amounts shown on Form RRB-1099-R do not reflect any special rules, such as capital gain treatment or the special 10-year tax option for lump-sum payments, or tax-free rollovers. Irs gov 2012 tax forms To determine if any of these rules apply to your benefits, see the discussions about them later. Irs gov 2012 tax forms   Generally, amounts shown on your Form RRB-1099-R are considered a normal distribution. Irs gov 2012 tax forms Use distribution code “7” if you are asked for a distribution code. Irs gov 2012 tax forms Distribution codes are not shown on Form RRB-1099-R. Irs gov 2012 tax forms   There are three copies of this form. Irs gov 2012 tax forms Copy B is to be included with your income tax return if federal income tax is withheld. Irs gov 2012 tax forms Copy C is for your own records. Irs gov 2012 tax forms Copy 2 is filed with your state, city, or local income tax return, when required. Irs gov 2012 tax forms See the illustrated Copy B (Form RRB-1099-R) above. Irs gov 2012 tax forms       Each beneficiary will receive his or her own Form RRB-1099-R. Irs gov 2012 tax forms If you receive benefits on more than one railroad retirement record, you may get more than one Form RRB-1099-R. Irs gov 2012 tax forms So that you get your form timely, make sure the RRB always has your current mailing address. Irs gov 2012 tax forms Please click here for the text description of the image. Irs gov 2012 tax forms Form RRB-1099-R Box 1—Claim Number and Payee Code. Irs gov 2012 tax forms   Your claim number is a six- or nine-digit number preceded by an alphabetical prefix. Irs gov 2012 tax forms This is the number under which the RRB paid your benefits. Irs gov 2012 tax forms Your payee code follows your claim number and is the last number in this box. Irs gov 2012 tax forms It is used by the RRB to identify you under your claim number. Irs gov 2012 tax forms In all your correspondence with the RRB, be sure to use the claim number and payee code shown in this box. Irs gov 2012 tax forms Box 2—Recipient's Identification Number. Irs gov 2012 tax forms   This is the recipient's U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms taxpayer identification number. Irs gov 2012 tax forms It is the social security number (SSN), individual taxpayer identification number (ITIN), or employer identification number (EIN), if known, for the person or estate listed as the recipient. Irs gov 2012 tax forms If you are a resident or nonresident alien who must furnish a taxpayer identification number to the IRS and are not eligible to obtain an SSN, use Form W-7, Application for IRS Individual Taxpayer Identification Number, to apply for an ITIN. Irs gov 2012 tax forms The Instructions for Form W-7 explain how and when to apply. Irs gov 2012 tax forms Box 3—Employee Contributions. Irs gov 2012 tax forms   This is the amount of taxes withheld from the railroad employee's earnings that exceeds the amount of taxes that would have been withheld had the earnings been covered under the social security system. Irs gov 2012 tax forms This amount is the employee's cost that you use to figure the tax-free part of the NSSEB and tier 2 benefit you received (the amount shown in box 4). Irs gov 2012 tax forms (For information on how to figure the tax-free part, see Partly Taxable Payments under Taxation of Periodic Payments, later. Irs gov 2012 tax forms ) The amount shown is the total employee contribution amount, not reduced by any amounts that the RRB calculated as previously recovered. Irs gov 2012 tax forms It is the latest amount reported for 2013 and may have increased or decreased from a previous Form RRB-1099-R. Irs gov 2012 tax forms If this amount has changed, the change is retroactive. Irs gov 2012 tax forms You may need to refigure the tax-free part of your NSSEB/tier 2 benefit for 2013 and prior tax years. Irs gov 2012 tax forms If this box is blank, it means that the amount of your NSSEB and tier 2 payments shown in box 4 is fully taxable. Irs gov 2012 tax forms    If you had a previous annuity entitlement that ended and you are figuring the tax-free part of your NSSEB/tier 2 benefit for your current annuity entitlement, you should contact the RRB for confirmation of your correct employee contribution amount. Irs gov 2012 tax forms Box 4—Contributory Amount Paid. Irs gov 2012 tax forms   This is the gross amount of the NSSEB and tier 2 benefit you received in 2013, less any 2013 benefits you repaid in 2013. Irs gov 2012 tax forms (Any benefits you repaid in 2013 for an earlier year or for an unknown year are shown in box 8. Irs gov 2012 tax forms ) This amount is the total contributory pension paid in 2013. Irs gov 2012 tax forms It may be partly taxable and partly tax free or fully taxable. Irs gov 2012 tax forms If you determine you are eligible to compute a tax-free part as explained later in Partly Taxable Payments under Taxation of Periodic Payments, use the latest reported employee contribution amount shown in box 3 as the cost. Irs gov 2012 tax forms Box 5—Vested Dual Benefit. Irs gov 2012 tax forms   This is the gross amount of vested dual benefit (VDB) payments paid in 2013, less any 2013 VDB payments you repaid in 2013. Irs gov 2012 tax forms It is fully taxable. Irs gov 2012 tax forms VDB payments you repaid in 2013 for an earlier year or for an unknown year are shown in box 8. Irs gov 2012 tax forms Note. Irs gov 2012 tax forms The amounts shown in boxes 4 and 5 may represent payments for 2013 and/or other years after 1983. Irs gov 2012 tax forms Box 6—Supplemental Annuity. Irs gov 2012 tax forms   This is the gross amount of supplemental annuity benefits paid in 2013, less any 2013 supplemental annuity benefits you repaid in 2013. Irs gov 2012 tax forms It is fully taxable. Irs gov 2012 tax forms Supplemental annuity benefits you repaid in 2013 for an earlier year or for an unknown year are shown in box 8. Irs gov 2012 tax forms Box 7—Total Gross Paid. Irs gov 2012 tax forms   This is the sum of boxes 4, 5, and 6. Irs gov 2012 tax forms The amount represents the total pension paid in 2013. Irs gov 2012 tax forms Include this amount on Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a. Irs gov 2012 tax forms Box 8—Repayments. Irs gov 2012 tax forms   This amount represents any NSSEB, tier 2 benefit, VDB, and supplemental annuity benefit you repaid to the RRB in 2013 for years before 2013 or for unknown years. Irs gov 2012 tax forms The amount shown in this box has not been deducted from the amounts shown in boxes 4, 5, and 6. Irs gov 2012 tax forms It only includes repayments of benefits that were taxable to you. Irs gov 2012 tax forms This means it only includes repayments in 2013 of NSSEB benefits paid after 1985, tier 2 and VDB benefits paid after 1983, and supplemental annuity benefits paid in any year. Irs gov 2012 tax forms If you included the benefits in your income in the year you received them, you may be able to deduct the repaid amount. Irs gov 2012 tax forms For more information about repayments, see Repayment of benefits received in an earlier year , later. Irs gov 2012 tax forms    You may have repaid an overpayment of benefits by returning a payment, by making a payment, or by having an amount withheld from your railroad retirement annuity payment. Irs gov 2012 tax forms Box 9—Federal Income Tax Withheld. Irs gov 2012 tax forms   This is the total federal income tax withheld from your NSSEB, tier 2 benefit, VDB, and supplemental annuity benefit. Irs gov 2012 tax forms Include this on your income tax return as tax withheld. Irs gov 2012 tax forms If you are a nonresident alien and your tax withholding rate and/or country of legal residence changed during 2013, you will receive more than one Form RRB-1099-R for 2013. Irs gov 2012 tax forms Determine the total amount of U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms federal income tax withheld from your 2013 RRB NSSEB, tier 2, VDB, and supplemental annuity payments by adding the amounts in box 9 of all original 2013 Forms RRB-1099-R, or the latest corrected or duplicate Forms RRB-1099-R you receive. Irs gov 2012 tax forms Box 10—Rate of Tax. Irs gov 2012 tax forms   If you are taxed as a U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms citizen or resident alien, this box does not apply to you. Irs gov 2012 tax forms If you are a nonresident alien, an entry in this box indicates the rate at which tax was withheld on the NSSEB, tier 2, VDB, and supplemental annuity payments that were paid to you in 2013. Irs gov 2012 tax forms If you are a nonresident alien whose tax was withheld at more than one rate during 2013, you will receive a separate Form RRB-1099-R for each rate change during 2013. Irs gov 2012 tax forms Box 11—Country. Irs gov 2012 tax forms   If you are taxed as a U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms citizen or resident alien, this box does not apply to you. Irs gov 2012 tax forms If you are a nonresident alien, an entry in this box indicates the country of which you were a resident for tax purposes at the time you received railroad retirement payments in 2013. Irs gov 2012 tax forms If you are a nonresident alien who was a resident of more than one country during 2013, you will receive a separate Form RRB-1099-R for each country of residence during 2013. Irs gov 2012 tax forms Box 12—Medicare Premium Total. Irs gov 2012 tax forms   This is for information purposes only. Irs gov 2012 tax forms The amount shown in this box represents the total amount of Part B Medicare premiums deducted from your railroad retirement annuity payments in 2013. Irs gov 2012 tax forms Medicare premium refunds are not included in the Medicare total. Irs gov 2012 tax forms The Medicare total is normally shown on Form RRB-1099 (if you are a citizen or resident alien of the United States) or Form RRB-1042S (if you are a nonresident alien). Irs gov 2012 tax forms However, if Form RRB-1099 or Form RRB-1042S is not required for 2013, then this total will be shown on Form RRB-1099-R. Irs gov 2012 tax forms If your Medicare premiums were deducted from your social security benefits, paid by a third party, refunded to you, and/or you paid the premiums by direct billing, your Medicare total will not be shown in this box. Irs gov 2012 tax forms Repayment of benefits received in an earlier year. Irs gov 2012 tax forms   If you had to repay any railroad retirement benefits that you had included in your income in an earlier year because at that time you thought you had an unrestricted right to it, you can deduct the amount you repaid in the year in which you repaid it. Irs gov 2012 tax forms   If you repaid $3,000 or less in 2013, deduct it on Schedule A (Form 1040), line 23. Irs gov 2012 tax forms The 2%-of-adjusted-gross-income limit applies to this deduction. Irs gov 2012 tax forms You cannot take this deduction if you file Form 1040A. Irs gov 2012 tax forms    If you repaid more than $3,000 in 2013, you can either take a deduction for the amount repaid on Schedule A (Form 1040), line 28 or you can take a credit against your tax. Irs gov 2012 tax forms For more information, see Repayments in Publication 525. Irs gov 2012 tax forms Withholding Tax and Estimated Tax Your retirement plan distributions are subject to federal income tax withholding. Irs gov 2012 tax forms However, you can choose not to have tax withheld on payments you receive unless they are eligible rollover distributions. Irs gov 2012 tax forms (These are distributions, described later under Rollovers, that are eligible for rollover treatment but are not paid directly to another qualified retirement plan or to a traditional IRA. Irs gov 2012 tax forms ) If you choose not to have tax withheld or if you do not have enough tax withheld, you may have to make estimated tax payments. Irs gov 2012 tax forms See Estimated tax , later. Irs gov 2012 tax forms The withholding rules apply to the taxable part of payments you receive from: An employer pension, annuity, profit-sharing, or stock bonus plan, Any other deferred compensation plan, A traditional individual retirement arrangement (IRA), or A commercial annuity. Irs gov 2012 tax forms For this purpose, a commercial annuity means an annuity, endowment, or life insurance contract issued by an insurance company. Irs gov 2012 tax forms There will be no withholding on any part of a distribution where it is reasonable to believe that it will not be includible in gross income. Irs gov 2012 tax forms Choosing no withholding. Irs gov 2012 tax forms   You can choose not to have income tax withheld from retirement plan payments unless they are eligible rollover distributions. Irs gov 2012 tax forms You can make this choice on Form W-4P for periodic and nonperiodic payments. Irs gov 2012 tax forms This choice generally remains in effect until you revoke it. Irs gov 2012 tax forms   The payer will ignore your choice not to have tax withheld if: You do not give the payer your social security number (in the required manner), or The IRS notifies the payer, before the payment is made, that you gave an incorrect social security number. Irs gov 2012 tax forms   To choose not to have tax withheld, a U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms citizen or resident alien must give the payer a home address in the United States or its possessions. Irs gov 2012 tax forms Without that address, the payer must withhold tax. Irs gov 2012 tax forms For example, the payer has to withhold tax if the recipient has provided a U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms address for a nominee, trustee, or agent to whom the benefits are delivered, but has not provided his or her own U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms home address. Irs gov 2012 tax forms   If you do not give the payer a home address in the United States or its possessions, you can choose not to have tax withheld only if you certify to the payer that you are not a U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms citizen, a U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms resident alien, or someone who left the country to avoid tax. Irs gov 2012 tax forms But if you so certify, you may be subject to the 30% flat rate withholding that applies to nonresident aliens. Irs gov 2012 tax forms This 30% rate will not apply if you are exempt or subject to a reduced rate by treaty. Irs gov 2012 tax forms For details, get Publication 519. Irs gov 2012 tax forms Periodic payments. Irs gov 2012 tax forms   Unless you choose no withholding, your annuity or similar periodic payments (other than eligible rollover distributions) will be treated like wages for withholding purposes. Irs gov 2012 tax forms Periodic payments are amounts paid at regular intervals (such as weekly, monthly, or yearly) for a period of time greater than one year (such as for 15 years or for life). Irs gov 2012 tax forms You should give the payer a completed withholding certificate (Form W-4P or a similar form provided by the payer). Irs gov 2012 tax forms If you do not, tax will be withheld as if you were married and claiming three withholding allowances. Irs gov 2012 tax forms   Tax will be withheld as if you were single and were claiming no withholding allowances if: You do not give the payer your social security number (in the required manner), or The IRS notifies the payer (before any payment is made) that you gave an incorrect social security number. Irs gov 2012 tax forms   You must file a new withholding certificate to change the amount of withholding. Irs gov 2012 tax forms Nonperiodic distributions. Irs gov 2012 tax forms    Unless you choose no withholding, the withholding rate for a nonperiodic distribution (a payment other than a periodic payment) that is not an eligible rollover distribution is 10% of the distribution. Irs gov 2012 tax forms You can also ask the payer to withhold an additional amount using Form W-4P. Irs gov 2012 tax forms The part of any loan treated as a distribution (except an offset amount to repay the loan), explained later, is subject to withholding under this rule. Irs gov 2012 tax forms Eligible rollover distribution. Irs gov 2012 tax forms    If you receive an eligible rollover distribution, 20% of it generally will be withheld for income tax. Irs gov 2012 tax forms You cannot choose not to have tax withheld from an eligible rollover distribution. Irs gov 2012 tax forms However, tax will not be withheld if you have the plan administrator pay the eligible rollover distribution directly to another qualified plan or an IRA in a direct rollover. Irs gov 2012 tax forms For more information about eligible rollover distributions, see Rollovers , later. Irs gov 2012 tax forms Estimated tax. Irs gov 2012 tax forms   Your estimated tax is the total of your expected income tax, self-employment tax, and certain other taxes for the year, minus your expected credits and withheld tax. Irs gov 2012 tax forms Generally, you must make estimated tax payments for 2014 if you expect to owe at least $1,000 in tax (after subtracting your withholding and credits) and you expect your withholding and credits to be less than the smaller of: 90% of the tax to be shown on your 2014 return, or 100% of the tax shown on your 2013 return. Irs gov 2012 tax forms If your adjusted gross income for 2013 was more than $150,000 ($75,000 if your filing status for 2014 is married filing separately), substitute 110% for 100% in (2) above. Irs gov 2012 tax forms For more information, get Publication 505, Tax Withholding and Estimated Tax. Irs gov 2012 tax forms In figuring your withholding or estimated tax, remember that a part of your monthly social security or equivalent tier 1 railroad retirement benefits may be taxable. Irs gov 2012 tax forms See Publication 915. Irs gov 2012 tax forms You can choose to have income tax withheld from those benefits. Irs gov 2012 tax forms Use Form W-4V to make this choice. Irs gov 2012 tax forms Cost (Investment in the Contract) Distributions from your pension or annuity plan may include amounts treated as a recovery of your cost (investment in the contract). Irs gov 2012 tax forms If any part of a distribution is treated as a recovery of your cost under the rules explained in this publication, that part is tax free. Irs gov 2012 tax forms Therefore, the first step in figuring how much of a distribution is taxable is to determine the cost of your pension or annuity. Irs gov 2012 tax forms In general, your cost is your net investment in the contract as of the annuity starting date (or the date of the distribution, if earlier). Irs gov 2012 tax forms To find this amount, you must first figure the total premiums, contributions, or other amounts you paid. Irs gov 2012 tax forms This includes the amounts your employer contributed that were taxable to you when paid. Irs gov 2012 tax forms (However, see Foreign employment contributions , later. Irs gov 2012 tax forms ) It does not include amounts withheld from your pay on a tax-deferred basis (money that was taken out of your gross pay before taxes were deducted). Irs gov 2012 tax forms It also does not include amounts you contributed for health and accident benefits (including any additional premiums paid for double indemnity or disability benefits). Irs gov 2012 tax forms From this total cost you must subtract the following amounts. Irs gov 2012 tax forms Any refunded premiums, rebates, dividends, or unrepaid loans that were not included in your income and that you received by the later of the annuity starting date or the date on which you received your first payment. Irs gov 2012 tax forms Any other tax-free amounts you received under the contract or plan by the later of the dates in (1). Irs gov 2012 tax forms If you must use the Simplified Method for your annuity payments, the tax-free part of any single-sum payment received in connection with the start of the annuity payments, regardless of when you received it. Irs gov 2012 tax forms (See Simplified Method , later, for information on its required use. Irs gov 2012 tax forms ) If you use the General Rule for your annuity payments, the value of the refund feature in your annuity contract. Irs gov 2012 tax forms (See General Rule , later, for information on its use. Irs gov 2012 tax forms ) Your annuity contract has a refund feature if the annuity payments are for your life (or the lives of you and your survivor) and payments in the nature of a refund of the annuity's cost will be made to your beneficiary or estate if all annuitants die before a stated amount or a stated number of payments are made. Irs gov 2012 tax forms For more information, see Publication 939. Irs gov 2012 tax forms The tax treatment of the items described in (1) through (3) is discussed later under Taxation of Nonperiodic Payments . Irs gov 2012 tax forms Form 1099-R. Irs gov 2012 tax forms If you began receiving periodic payments of a life annuity in 2013, the payer should show your total contributions to the plan in box 9b of your 2013 Form 1099-R. Irs gov 2012 tax forms Annuity starting date defined. Irs gov 2012 tax forms   Your annuity starting date is the later of the first day of the first period for which you received a payment or the date the plan's obligations became fixed. Irs gov 2012 tax forms Example. Irs gov 2012 tax forms On January 1, you completed all your payments required under an annuity contract providing for monthly payments starting on August 1 for the period beginning July 1. Irs gov 2012 tax forms The annuity starting date is July 1. Irs gov 2012 tax forms This is the date you use in figuring the cost of the contract and selecting the appropriate number from Table 1 for line 3 of the Simplified Method Worksheet. Irs gov 2012 tax forms Designated Roth accounts. Irs gov 2012 tax forms   Your cost in these accounts is your designated Roth contributions that were included in your income as wages subject to applicable withholding requirements. Irs gov 2012 tax forms Your cost will also include any in-plan Roth rollovers you included in income. Irs gov 2012 tax forms Foreign employment contributions. Irs gov 2012 tax forms   If you worked abroad, your cost may include contributions by your employer to the retirement plan, but only if those contributions would be excludible from your gross income had they been paid directly to you as compensation. Irs gov 2012 tax forms The contributions that apply are: Contributions before 1963 by your employer, Contributions after 1962 by your employer if the contributions would be excludible from your gross income (not including the foreign earned income exclusion) had they been paid directly to you, or Contributions after 1996 by your employer if you performed the services of a foreign missionary (a duly ordained, commissioned, or licensed minister of a church or a lay person) but only if the contributions would be excludible from your gross income had they been paid directly to you. Irs gov 2012 tax forms Foreign employment contributions while a nonresident alien. Irs gov 2012 tax forms   In determining your cost, special rules apply if you are a U. Irs gov 2012 tax forms S. Irs gov 2012 tax forms citizen or resident alien who received distributions in 2013 from a plan to which contributions were made while you were a nonresident alien. Irs gov 2012 tax forms Your contributions and your employer's contributions are not included in your cost if the contribution: Was made based on compensation which was for services performed outside the United States while you were a nonresident alien, and Was not subject to income tax under the laws of the United States or any foreign country, but only if the contribution would have been subject to income tax if paid as cash compensation when the services were performed. Irs gov 2012 tax forms Taxation of Periodic Payments This section explains how the periodic payments you receive from a pension or annuity plan are taxed. Irs gov 2012 tax forms Periodic payments are amounts paid at regular intervals (such as weekly, monthly, or yearly) for a period of time greater than one year (such as for 15 years or for life). Irs gov 2012 tax forms These payments are also known as amounts received as an annuity. Irs gov 2012 tax forms If you receive an amount from your plan that is not a periodic payment, see Taxation of Nonperiodic Payments , later. Irs gov 2012 tax forms In general, you can recover the cost of your pension or annuity tax free over the period you are to receive the payments. Irs gov 2012 tax forms The amount of each payment that is more than the part that represents your cost is taxable (however, see Insurance Premiums for Retired Public Safety Officers , earlier). Irs gov 2012 tax forms Designated Roth accounts. Irs gov 2012 tax forms   If you receive a qualified distribution from a designated Roth account, the distribution is not included in your gross income. Irs gov 2012 tax forms This applies to both your cost in the account and income earned on that account. Irs gov 2012 tax forms A qualified distribution is generally a distribution that is: Made after a 5-tax-year period of participation, and Made on or after the date you reach age 59½, made to a beneficiary or your estate on or after your death, or attributable to your being disabled. Irs gov 2012 tax forms   If the distribution is not a qualified distribution, the rules discussed in this section apply. Irs gov 2012 tax forms The designated Roth account is treated as a separate contract. Irs gov 2012 tax forms Period of participation. Irs gov 2012 tax forms   The 5-tax-year period of participation is the 5-tax-year period beginning with the first tax year for which the participant made a designated Roth contribution to the plan. Irs gov 2012 tax forms Therefore, for designated Roth contributions made for 2013, the first year for which a qualified distribution can be made is 2018. Irs gov 2012 tax forms   However, if a direct rollover is made to the plan from a designated Roth account under another plan, the 5-tax-year period for the recipient plan begins with the first tax year for which the participant first had designated Roth contributions made to the other plan. Irs gov 2012 tax forms   Your 401(k), 403(b), or 457(b) plan may permit you to roll over amounts from those plans to a designated Roth account within the same plan. Irs gov 2012 tax forms This is known as an in-plan Roth rollover. Irs gov 2012 tax forms For more details, see In-plan Roth rollovers , later. Irs gov 2012 tax forms Fully Taxable Payments The pension or annuity payments that you receive are fully taxable if you have no cost in the contract because any of the following situations applies to you (however, see Insurance Premiums for Retired Public Safety Officers , earlier). Irs gov 2012 tax forms You did not pay anything or are not considered to have paid anything for your pension or annuity. Irs gov 2012 tax forms Amounts withheld from your pay on a tax-deferred basis are not considered part of the cost of the pension or annuity payment. Irs gov 2012 tax forms Your employer did not withhold contributions from your salary. Irs gov 2012 tax forms You got back all of your contributions tax free in prior years (however, see Exclusion not limited to cost under Partly Taxable Payments, later). Irs gov 2012 tax forms Report the total amount you got on Form 1040, line 16b; Form 1040A, line 12b; or on Form 1040NR, line 17b. Irs gov 2012 tax forms You should make no entry on Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a. Irs gov 2012 tax forms Deductible voluntary employee contributions. Irs gov 2012 tax forms   Distributions you receive that are based on your accumulated deductible voluntary employee contributions are generally fully taxable in the year distributed to you. Irs gov 2012 tax forms Accumulated deductible voluntary employee contributions include net earnings on the contributions. Irs gov 2012 tax forms If distributed as part of a lump sum, they do not qualify for the 10-year tax option or capital gain treatment, explained later. Irs gov 2012 tax forms Partly Taxable Payments If you have a cost to recover from your pension or annuity plan (see Cost (Investment in the Contract) , earlier), you can exclude part of each annuity payment from income as a recovery of your cost. Irs gov 2012 tax forms This tax-free part of the payment is figured when your annuity starts and remains the same each year, even if the amount of the payment changes. Irs gov 2012 tax forms The rest of each payment is taxable (however, see Insurance Premiums for Retired Public Safety Officers , earlier). Irs gov 2012 tax forms You figure the tax-free part of the payment using one of the following methods. Irs gov 2012 tax forms Simplified Method. Irs gov 2012 tax forms You generally must use this method if your annuity is paid under a qualified plan (a qualified employee plan, a qualified employee annuity, or a tax-sheltered annuity plan or contract). Irs gov 2012 tax forms You cannot use this method if your annuity is paid under a nonqualified plan. Irs gov 2012 tax forms General Rule. Irs gov 2012 tax forms You must use this method if your annuity is paid under a nonqualified plan. Irs gov 2012 tax forms You generally cannot use this method if your annuity is paid under a qualified plan. Irs gov 2012 tax forms You determine which method to use when you first begin receiving your annuity, and you continue using it each year that you recover part of your cost. Irs gov 2012 tax forms If you had more than one partly taxable pension or annuity, figure the tax-free part and the taxable part of each separately. Irs gov 2012 tax forms Qualified plan annuity starting before November 19, 1996. Irs gov 2012 tax forms   If your annuity is paid under a qualified plan and your annuity starting date (defined earlier under Cost (Investment in the Contract) ) is after July 1, 1986, and before November 19, 1996, you could have chosen to use either the Simplified Method or the General Rule. Irs gov 2012 tax forms If your annuity starting date is before July 2, 1986, you use the General Rule unless your annuity qualified for the Three-Year Rule. Irs gov 2012 tax forms If you used the Three-Year Rule (which was repealed for annuities starting after July 1, 1986), your annuity payments are generally now fully taxable. Irs gov 2012 tax forms Exclusion limit. Irs gov 2012 tax forms   Your annuity starting date determines the total amount of annuity payments that you can exclude from income over the years. Irs gov 2012 tax forms Once your annuity starting date is determined, it does not change. Irs gov 2012 tax forms If you calculate the taxable portion of your annuity payments using the simplified method worksheet, the annuity starting date determines the recovery period for your cost. Irs gov 2012 tax forms That recovery period begins on your annuity starting date and is not affected by the date you first complete the worksheet. Irs gov 2012 tax forms Exclusion limited to cost. Irs gov 2012 tax forms   If your annuity starting date is after 1986, the total amount of annuity income that you can exclude over the years as a recovery of the cost cannot exceed your total cost. Irs gov 2012 tax forms Any unrecovered cost at your (or the last annuitant's) death is allowed as a miscellaneous itemized deduction on the final return of the decedent. Irs gov 2012 tax forms This deduction is not subject to the 2%-of-adjusted-gross-income limit. Irs gov 2012 tax forms Example 1. Irs gov 2012 tax forms Your annuity starting date is after 1986, and you exclude $100 a month ($1,200 a year) under the Simplified Method. Irs gov 2012 tax forms The total cost of your annuity is $12,000. Irs gov 2012 tax forms Your exclusion ends when you have recovered your cost tax free, that is, after 10 years (120 months). Irs gov 2012 tax forms After that, your annuity payments are generally fully taxable. Irs gov 2012 tax forms Example 2. Irs gov 2012 tax forms The facts are the same as in Example 1, except you die (with no surviving annuitant) after the eighth year of retirement. Irs gov 2012 tax forms You have recovered tax free only $9,600 (8 × $1,200) of your cost. Irs gov 2012 tax forms An itemized deduction for your unrecovered cost of $2,400 ($12,000 – $9,600) can be taken on your final return. Irs gov 2012 tax forms Exclusion not limited to cost. Irs gov 2012 tax forms   If your annuity starting date is before 1987, you can continue to take your monthly exclusion for as long as you receive your annuity. Irs gov 2012 tax forms If you chose a joint and survivor annuity, your survivor can continue to take the survivor's exclusion figured as of the annuity starting date. Irs gov 2012 tax forms The total exclusion may be more than your cost. Irs gov 2012 tax forms Simplified Method Under the Simplified Method, you figure the tax-free part of each annuity payment by dividing your cost by the total number of anticipated monthly payments. Irs gov 2012 tax forms For an annuity that is payable for the lives of the annuitants, this number is based on the annuitants' ages on the annuity starting date and is determined from a table. Irs gov 2012 tax forms For any other annuity, this number is the number of monthly annuity payments under the contract. Irs gov 2012 tax forms Who must use the Simplified Method. Irs gov 2012 tax forms   You must use the Simplified Method if your annuity starting date is after November 18, 1996, and you meet both of the following conditions. Irs gov 2012 tax forms You receive your pension or annuity payments from any of the following plans. Irs gov 2012 tax forms A qualified employee plan. Irs gov 2012 tax forms A qualified employee annuity. Irs gov 2012 tax forms A tax-sheltered annuity plan (403(b) plan). Irs gov 2012 tax forms On your annuity starting date, at least one of the following conditions applies to you. Irs gov 2012 tax forms You are under age 75. Irs gov 2012 tax forms You are entitled to less than 5 years of guaranteed payments. Irs gov 2012 tax forms Guaranteed payments. Irs gov 2012 tax forms   Your annuity contract provides guaranteed payments if a minimum number of payments or a minimum amount (for example, the amount of your investment) is payable even if you and any survivor annuitant do not live to receive the minimum. Irs gov 2012 tax forms If the minimum amount is less than the total amount of the payments you are to receive, barring death, during the first 5 years after payments begin (figured by ignoring any payment increases), you are entitled to less than 5 years of guaranteed payments. Irs gov 2012 tax forms Annuity starting before November 19, 1996. Irs gov 2012 tax forms   If your annuity starting date is after July 1, 1986, and before November 19, 1996, and you chose to use the Simplified Method, you must continue to use it each year that you recover part of your cost. Irs gov 2012 tax forms You could have chosen to use the Simplified Method if your annuity is payable for your life (or the lives of you and your survivor annuitant) and you met both of the conditions listed earlier under Who must use the Simplified Method . Irs gov 2012 tax forms Who cannot use the Simplified Method. Irs gov 2012 tax forms   You cannot use the Simplified Method if you receive your pension or annuity from a nonqualified plan or otherwise do not meet the conditions described in the preceding discussion. Irs gov 2012 tax forms See General Rule , later. Irs gov 2012 tax forms How to use the Simplified Method. Irs gov 2012 tax forms    Complete Worksheet A in the back of this publication to figure your taxable annuity for 2013. Irs gov 2012 tax forms Be sure to keep the completed worksheet; it will help you figure your taxable annuity next year. Irs gov 2012 tax forms   To complete line 3 of the worksheet, you must determine the total number of expected monthly payments for your annuity. Irs gov 2012 tax forms How you do this depends on whether the annuity is for a single life, multiple lives, or a fixed period. Irs gov 2012 tax forms For this purpose, treat an annuity that is payable over the life of an annuitant as payable for that annuitant's life even if the annuity has a fixed-period feature or also provides a temporary annuity payable to the annuitant's child under age 25. Irs gov 2012 tax forms    You do not need to complete line 3 of the worksheet or make the computation on line 4 if you received annuity payments last year and used last year's worksheet to figure your taxable annuity. Irs gov 2012 tax forms Instead, enter the amount from line 4 of last year's worksheet on line 4 of this year's worksheet. Irs gov 2012 tax forms Single-life annuity. Irs gov 2012 tax forms   If your annuity is payable for your life alone, use Table 1 at the bottom of the worksheet to determine the total number of expected monthly payments. Irs gov 2012 tax forms Enter on line 3 the number shown for your age on your annuity starting date. Irs gov 2012 tax forms This number will differ depending on whether your annuity starting date is before November 19, 1996, or after November 18, 1996. Irs gov 2012 tax forms Multiple-lives annuity. Irs gov 2012 tax forms   If your annuity is payable for the lives of more than one annuitant, use Table 2 at the bottom of the worksheet to determine the total number of expected monthly payments. Irs gov 2012 tax forms Enter on line 3 the number shown for the annuitants' combined ages on the annuity starting date. Irs gov 2012 tax forms For an annuity payable to you as the primary annuitant and to more than one survivor annuitant, combine your age and the age of the youngest survivor annuitant. Irs gov 2012 tax forms For an annuity that has no primary annuitant and is payable to you and others as survivor annuitants, combine the ages of the oldest and youngest annuitants. Irs gov 2012 tax forms Do not treat as a survivor annuitant anyone whose entitlement to payments depends on an event other than the primary annuitant's death. Irs gov 2012 tax forms   However, if your annuity starting date is before 1998, do not use Table 2 and do not combine the annuitants' ages. Irs gov 2012 tax forms Instead, you must use Table 1 at the bottom of the worksheet and enter on line 3 the number shown for the primary annuitant's age on the annuity starting date. Irs gov 2012 tax forms This number will differ depending on whether your annuity starting date is before November 19, 1996, or after November 18, 1996. Irs gov 2012 tax forms Fixed-period annuity. Irs gov 2012 tax forms   If your annuity does not depend in whole or in part on anyone's life expectancy, the total number of expected monthly payments to enter on line 3 of the worksheet is the number of monthly annuity payments under the contract. Irs gov 2012 tax forms Line 6. Irs gov 2012 tax forms   The amount on line 6 should include all amounts that could have been recovered in prior years. Irs gov 2012 tax forms If you did not recover an amount in a prior year, you may be able to amend your returns for the affected years. Irs gov 2012 tax forms Example. Irs gov 2012 tax forms Bill Smith, age 65, began receiving retirement benefits in 2013 under a joint and survivor annuity. Irs gov 2012 tax forms Bill's annuity starting date is January 1, 2013. Irs gov 2012 tax forms The benefits are to be paid for the joint lives of Bill and his wife, Kathy, age 65. Irs gov 2012 tax forms Bill had contributed $31,000 to a qualified plan and had received no distributions before the annuity starting date. Irs gov 2012 tax forms Bill is to receive a retirement benefit of $1,200 a month, and Kathy is to receive a monthly survivor benefit of $600 upon Bill's death. Irs gov 2012 tax forms Bill must use the Simplified Method to figure his taxable annuity because his payments are from a qualified plan and he is under age 75. Irs gov 2012 tax forms Because his annuity is payable over the lives of more than one annuitant, he uses his and Kathy's combined ages and Table 2 at the bottom of Worksheet A in completing line 3 of the worksheet. Irs gov 2012 tax forms His completed worksheet is shown later. Irs gov 2012 tax forms Bill's tax-free monthly amount is $100 ($31,000 ÷ 310) as shown on line 4 of the worksheet. Irs gov 2012 tax forms Upon Bill's death, if Bill has not recovered the full $31,000 investment, Kathy will also exclude $100 from her $600 monthly payment. Irs gov 2012 tax forms The full amount of any annuity payments received after 310 payments are paid must be included in gross income. Irs gov 2012 tax forms If Bill and Kathy die before 310 payments are made, a miscellaneous itemized deduction will be allowed for the unrecovered cost on the final income tax return of the last to die. Irs gov 2012 tax forms This deduction is not subject to the 2%-of-adjusted-gross-income limit. Irs gov 2012 tax forms Worksheet A. Irs gov 2012 tax forms Simplified Method Worksheet for Bill Smith 1. Irs gov 2012 tax forms Enter the total pension or annuity payments received this year. Irs gov 2012 tax forms Also, add this amount to the total for Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a 1. Irs gov 2012 tax forms $14,400 2. Irs gov 2012 tax forms Enter your cost in the plan (contract) at the annuity starting date plus any death benefit exclusion. Irs gov 2012 tax forms * See Cost (Investment in the Contract) , earlier 2. Irs gov 2012 tax forms 31,000   Note. Irs gov 2012 tax forms If your annuity starting date was before this year and you completed this worksheet last year, skip line 3 and enter the amount from line 4 of last year's worksheet on line 4 below (even if the amount of your pension or annuity has changed). Irs gov 2012 tax forms Otherwise, go to line 3. Irs gov 2012 tax forms     3. Irs gov 2012 tax forms Enter the appropriate number from Table 1 below. Irs gov 2012 tax forms But if your annuity starting date was after 1997 and the payments are for your life and that of your beneficiary, enter the appropriate number from Table 2 below 3. Irs gov 2012 tax forms 310 4. Irs gov 2012 tax forms Divide line 2 by the number on line 3 4. Irs gov 2012 tax forms 100 5. Irs gov 2012 tax forms Multiply line 4 by the number of months for which this year's payments were made. Irs gov 2012 tax forms If your annuity starting date was before 1987, enter this amount on line 8 below and skip lines 6, 7, 10, and 11. Irs gov 2012 tax forms Otherwise, go to line 6 5. Irs gov 2012 tax forms 1,200 6. Irs gov 2012 tax forms Enter any amount previously recovered tax free in years after 1986. Irs gov 2012 tax forms This is the amount shown on line 10 of your worksheet for last year 6. Irs gov 2012 tax forms -0- 7. Irs gov 2012 tax forms Subtract line 6 from line 2 7. Irs gov 2012 tax forms 31,000 8. Irs gov 2012 tax forms Enter the smaller of line 5 or line 7 8. Irs gov 2012 tax forms 1,200 9. Irs gov 2012 tax forms Taxable amount for year. Irs gov 2012 tax forms Subtract line 8 from line 1. Irs gov 2012 tax forms Enter the result, but not less than zero. Irs gov 2012 tax forms Also, add this amount to the total for Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b. Irs gov 2012 tax forms Note: If your Form 1099-R shows a larger taxable amount, use the amount figured on this line instead. Irs gov 2012 tax forms If you are a retired public safety officer, see Insurance Premiums for Retired Public Safety Officers , earlier, before entering an amount on your tax return 9. Irs gov 2012 tax forms $13,200 10. Irs gov 2012 tax forms Was your annuity starting date before 1987? □ Yes. Irs gov 2012 tax forms STOP. Irs gov 2012 tax forms Do not complete the rest of this worksheet. Irs gov 2012 tax forms  ☑ No. Irs gov 2012 tax forms Add lines 6 and 8. Irs gov 2012 tax forms This is the amount you have recovered tax free through 2013. Irs gov 2012 tax forms You will need this number if you need to fill out this worksheet next year 10. Irs gov 2012 tax forms 1,200 11. Irs gov 2012 tax forms Balance of cost to be recovered. Irs gov 2012 tax forms Subtract line 10 from line 2. Irs gov 2012 tax forms If zero, you will not have to complete this worksheet next year. Irs gov 2012 tax forms The payments you receive next year will generally be fully taxable 11. Irs gov 2012 tax forms $29,800         * A death benefit exclusion (up to $5,000) applied to certain benefits received by employees who died before August 21, 1996. Irs gov 2012 tax forms           Table 1 for Line 3 Above       AND your annuity starting date was—     IF the age at annuity starting date was. Irs gov 2012 tax forms . Irs gov 2012 tax forms . Irs gov 2012 tax forms BEFORE November 19, 1996, enter on line 3. Irs gov 2012 tax forms . Irs gov 2012 tax forms . Irs gov 2012 tax forms AFTER November 18, 1996, enter on line 3. Irs gov 2012 tax forms . Irs gov 2012 tax forms . Irs gov 2012 tax forms     55 or under 300 360     56-60 260 310     61-65 240 260     66-70 170 210     71 or older 120 160     Table 2 for Line 3 Above     IF the combined ages at  annuity starting date were. Irs gov 2012 tax forms . Irs gov 2012 tax forms . Irs gov 2012 tax forms THEN enter on line 3. Irs gov 2012 tax forms . Irs gov 2012 tax forms . Irs gov 2012 tax forms     110 or under   410     111-120   360     121-130   310     131-140   260     141 or older   210   Multiple annuitants. Irs gov 2012 tax forms   If you and one or more other annuitants receive payments at the same time, you exclude from each annuity payment a pro rata share of the monthly tax-free amount. Irs gov 2012 tax forms Figure your share by taking the following steps. Irs gov 2012 tax forms Complete your worksheet through line 4 to figure the monthly tax-free amount. Irs gov 2012 tax forms Divide the amount of your monthly payment by the total amount of the monthly payments to all annuitants. Irs gov 2012 tax forms Multiply the amount on line 4 of your worksheet by the amount figured in (2) above. Irs gov 2012 tax forms The result is your share of the monthly tax-free amount. Irs gov 2012 tax forms   Replace the amount on line 4 of the worksheet with the result in (3) above. Irs gov 2012 tax forms Enter that amount on line 4 of your worksheet each year. Irs gov 2012 tax forms General Rule Under the General Rule, you determine the tax-free part of each annuity payment based on the ratio of the cost of the contract to the total expected return. Irs gov 2012 tax forms Expected return is the total amount you and other eligible annuitants can expect to receive under the contract. Irs gov 2012 tax forms To figure it, you must use life expectancy (actuarial) tables prescribed by the IRS. Irs gov 2012 tax forms Who must use the General Rule. Irs gov 2012 tax forms   You must use the General Rule if you receive pension or annuity payments from: A nonqualified plan (such as a private annuity, a purchased commercial annuity, or a nonqualified employee plan), or A qualified plan if you are age 75 or older on your annuity starting date and your annuity payments are guaranteed for at least 5 years. Irs gov 2012 tax forms Annuity starting before November 19, 1996. Irs gov 2012 tax forms   If your annuity starting date is after July 1, 1986, and before November 19, 1996, you had to use the General Rule for either circumstance just described. Irs gov 2012 tax forms You also had to use it for any fixed-period annuity. Irs gov 2012 tax forms If you did not have to use the General Rule, you could have chosen to use it. Irs gov 2012 tax forms If your annuity starting date is before July 2, 1986, you had to use the General Rule unless you could use the Three-Year Rule. Irs gov 2012 tax forms   If you had to use the General Rule (or chose to use it), you must continue to use it each year that you recover your cost. Irs gov 2012 tax forms Who cannot use the General Rule. Irs gov 2012 tax forms   You cannot use the General Rule if you receive your pension or annuity from a qualified plan and none of the circumstances described in the preceding discussions apply to you. Irs gov 2012 tax forms See Simplified Method , earlier. Irs gov 2012 tax forms More information. Irs gov 2012 tax forms   For complete information on using the General Rule, including the actuarial tables you need, see Publication 939. Irs gov 2012 tax forms Taxation of Nonperiodic Payments This section of the publication explains how any nonperiodic distributions you receive under a pension or annuity plan are taxed. Irs gov 2012 tax forms Nonperiodic distributions are also known as amounts not received as an annuity. Irs gov 2012 tax forms They include all payments other than periodic payments and corrective distributions. Irs gov 2012 tax forms For example, the following items are treated as nonperiodic distributions. Irs gov 2012 tax forms Cash withdrawals. Irs gov 2012 tax forms Distributions of current earnings (dividends) on your investment. Irs gov 2012 tax forms However, do not include these distributions in your income to the extent the insurer keeps them to pay premiums or other consideration for the contract. Irs gov 2012 tax forms Certain loans. Irs gov 2012 tax forms See Loans Treated as Distributions , later. Irs gov 2012 tax forms The value of annuity contracts transferred without full and adequate consideration. Irs gov 2012 tax forms See Transfers of Annuity Contracts , later. Irs gov 2012 tax forms Corrective distributions of excess plan contributions. Irs gov 2012 tax forms   Generally, if the contributions made for you during the year to certain retirement plans exceed certain limits, the excess is taxable to you. Irs gov 2012 tax forms To correct an excess, your plan may distribute it to you (along with any income earned on the excess). Irs gov 2012 tax forms Although the plan reports the corrective distributions on Form 1099-R, the distribution is not treated as a nonperiodic distribution from the plan. Irs gov 2012 tax forms It is not subject to the allocation rules explained in the following discussion, it cannot be rolled over into another plan, and it is not subject to the additional tax on early distributions. Irs gov 2012 tax forms    If your retirement plan made a corrective distribution of excess amounts (excess deferrals, excess contributions, or excess annual additions), your Form 1099-R should have the code “8,” “B,” “P,” or “E” in box 7. Irs gov 2012 tax forms   For information on plan contribution limits and how to report corrective distributions of excess contributions, see Retirement Plan Contributions under Employee Compensation in Publication 525. Irs gov 2012 tax forms Figuring the Taxable Amount How you figure the taxable amount of a nonperiodic distribution depends on whether it is made before the annuity starting date, or on or after the annuity starting date. Irs gov 2012 tax forms If it is made before the annuity starting date, its tax treatment also depends on whether it is made under a qualified or nonqualified plan. Irs gov 2012 tax forms If it is made under a nonqualified plan, its tax treatment depends on whether it fully discharges the contract, is received under certain life insurance or endowment contracts, or is allocable to an investment you made before August 14, 1982. Irs gov 2012 tax forms You may be able to roll over the taxable amount of a nonperiodic distribution from a qualified retirement plan into another qualified retirement plan or a traditional IRA tax free. Irs gov 2012 tax forms See Rollovers, later. Irs gov 2012 tax forms If you do not make a tax-free rollover and the distribution qualifies as a lump-sum distribution, you may be able to elect an optional method of figuring the tax on the taxable amount. Irs gov 2012 tax forms See Lump-Sum Distributions, later. Irs gov 2012 tax forms Annuity starting date. Irs gov 2012 tax forms   The annuity starting date is either the first day of the first period for which you receive an annuity payment under the contract or the date on which the obligation under the contract becomes fixed, whichever is later. Irs gov 2012 tax forms Distributions of employer securities. Irs gov 2012 tax forms    If you receive a distribution of employer securities from a qualified retirement plan, you may be able to defer the tax on the net unrealized appreciation (NUA) in the securities. Irs gov 2012 tax forms The NUA is the net increase in the securities' value while they were in the trust. Irs gov 2012 tax forms This tax deferral applies to distributions of the employer corporation's stocks, bonds, registered debentures, and debentures with interest coupons attached. Irs gov 2012 tax forms   If the distribution is a lump-sum distribution, tax is deferred on all of the NUA unless you choose to include it in your income for the year of the distribution. Irs gov 2012 tax forms    A lump-sum distribution for this purpose is the distribution or payment of a plan participant's entire balance (within a single tax year) from all of the employer's qualified plans of one kind (pension, profit-sharing, or stock bonus plans), but only if paid: Because of the plan participant's death, After the participant reaches age 59½, Because the participant, if an employee, separates from service, or After the participant, if a self-employed individual, becomes totally and permanently disabled. Irs gov 2012 tax forms    If you choose to include NUA in your income for the year of the distribution and the participant was born before January 2, 1936, you may be able to figure the tax on the NUA using the optional methods described und