Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.
1. Get Answers
Your online questions are customized to your unique tax situation.
2. Maximize your Refund
Find tax credits for everything from school tuition to buying a hybri
3. E-File for FREE
E-file free with direct deposit to get your refund in as few as 7 days.
Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.
FREE audit support and representation from an enrolled agent – NEW and only from H&R Block
© 2010 - 2018 Tax 1040nr
Tax 1040nrIrs Gov FormsFederal 1040xAmended 1040x InstructionsIrs 2012 Tax Forms 1040 InstructionsIrs Free Tax FilingState Taxes Phone NumberInstructions For Filing An Amended Tax ReturnFree H&r Block Tax2010 Tax Amendment FormFree Amended Tax ReturnWww Irs Gov EitcIrs Free File Tax ReturnEz Tax FilingUnemployment TaxOhio State Tax Forms 2011Nj 1040ezTax StudentAmending TaxesFile Income Tax OnlineAmmended Return2012 1040 Income Tax FormEfile State Income TaxMailing Address 1040ezHow To Amend My Taxes Online1040 Ez Forms 20121040x IrsIrs 2012 Tax Forms 1040ezIrs Forms 2012How To File 2007 Taxes Online FreeWhere To Get Tax Form 1040xIrs 1040 Ez Form 20121040ez 2010 FormIrs Amended ReturnFree Tax 2011Where Can I File My Taxes Electronically For FreeFree Turbo Tax Filing 2012H&r Block Free FileTurbotax 2012 State Taxes2010incometax FormsIrs 1040 Forms
Tax 1040nrTax 1040nr 2. Tax 1040nr Employees' Pay Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Tests for Deducting PayTest 1—Reasonableness Test 2—For Services Performed Kinds of PayAwards Bonuses Education Expenses Fringe Benefits Loans or Advances Property Reimbursements for Business Expenses Sick and Vacation Pay Introduction You can generally deduct the amount you pay your employees for the services they perform. Tax 1040nr The pay may be in cash, property, or services. Tax 1040nr It may include wages, salaries, bonuses, commissions, or other non-cash compensation such as vacation allowances and fringe benefits. Tax 1040nr For information about deducting employment taxes, see chapter 5. Tax 1040nr You can claim employment credits, such as the following, if you hire individuals who meet certain requirements. Tax 1040nr Empowerment zone employment credit (Form 8844). Tax 1040nr Indian employment credit (Form 8845). Tax 1040nr Work opportunity credit (Form 5884). Tax 1040nr Credit for employer differential wage payments (Form 8932). Tax 1040nr Reduce your deduction for employee wages by the amount of employment credits you claim. Tax 1040nr For more information about these credits, see the form on which the credit is claimed. Tax 1040nr Topics - This chapter discusses: Tests for deducting pay Kinds of pay Useful Items - You may want to see: Publication 15 (Circular E), Employer's Tax Guide 15-A Employer's Supplemental Tax Guide 15-B Employer's Tax Guide to Fringe Benefits See chapter 12 for information about getting publications and forms. Tax 1040nr Tests for Deducting Pay To be deductible, your employees' pay must be an ordinary and necessary business expense and you must pay or incur it. Tax 1040nr These and other requirements that apply to all business expenses are explained in chapter 1. Tax 1040nr In addition, the pay must meet both of the following tests. Tax 1040nr Test 1. Tax 1040nr It must be reasonable. Tax 1040nr Test 2. Tax 1040nr It must be for services performed. Tax 1040nr The form or method of figuring the pay does not affect its deductibility. Tax 1040nr For example, bonuses and commissions based on sales or earnings, and paid under an agreement made before the services were performed, are both deductible. Tax 1040nr Test 1—Reasonableness You must be able to prove that the pay is reasonable. Tax 1040nr Whether the pay is reasonable depends on the circumstances that existed when you contracted for the services, not those that exist when reasonableness is questioned. Tax 1040nr If the pay is excessive, the excess pay is disallowed as a deduction. Tax 1040nr Factors to consider. Tax 1040nr Determine the reasonableness of pay by the facts and circumstances. Tax 1040nr Generally, reasonable pay is the amount that a similar business would pay for the same or similar services. Tax 1040nr To determine if pay is reasonable, also consider the following items and any other pertinent facts. Tax 1040nr The duties performed by the employee. Tax 1040nr The volume of business handled. Tax 1040nr The character and amount of responsibility. Tax 1040nr The complexities of your business. Tax 1040nr The amount of time required. Tax 1040nr The cost of living in the locality. Tax 1040nr The ability and achievements of the individual employee performing the service. Tax 1040nr The pay compared with the gross and net income of the business, as well as with distributions to shareholders if the business is a corporation. Tax 1040nr Your policy regarding pay for all your employees. Tax 1040nr The history of pay for each employee. Tax 1040nr Test 2—For Services Performed You must be able to prove the payment was made for services actually performed. Tax 1040nr Employee-shareholder salaries. Tax 1040nr If a corporation pays an employee who is also a shareholder a salary that is unreasonably high considering the services actually performed, the excessive part of the salary may be treated as a constructive dividend to the employee-shareholder. Tax 1040nr The excessive part of the salary would not be allowed as a salary deduction by the corporation. Tax 1040nr For more information on corporate distributions to shareholders, see Publication 542, Corporations. Tax 1040nr Kinds of Pay Some of the ways you may provide pay to your employees in addition to regular wages or salaries are discussed next. Tax 1040nr For specialized and detailed information on employees' pay and the employment tax treatment of employees' pay, see Publications 15, 15-A, and 15-B. Tax 1040nr Awards You can generally deduct amounts you pay to your employees as awards, whether paid in cash or property. Tax 1040nr If you give property to an employee as an employee achievement award, your deduction may be limited. Tax 1040nr Achievement awards. Tax 1040nr An achievement award is an item of tangible personal property that meets all the following requirements. Tax 1040nr It is given to an employee for length of service or safety achievement. Tax 1040nr It is awarded as part of a meaningful presentation. Tax 1040nr It is awarded under conditions and circumstances that do not create a significant likelihood of disguised pay. Tax 1040nr Length-of-service award. Tax 1040nr An award will qualify as a length-of-service award only if either of the following applies. Tax 1040nr The employee receives the award after his or her first 5 years of employment. Tax 1040nr The employee did not receive another length-of-service award (other than one of very small value) during the same year or in any of the prior 4 years. Tax 1040nr Safety achievement award. Tax 1040nr An award for safety achievement will qualify as an achievement award unless one of the following applies. Tax 1040nr It is given to a manager, administrator, clerical employee, or other professional employee. Tax 1040nr During the tax year, more than 10% of your employees, excluding those listed in (1), have already received a safety achievement award (other than one of very small value). Tax 1040nr Deduction limit. Tax 1040nr Your deduction for the cost of employee achievement awards given to any one employee during the tax year is limited to the following. Tax 1040nr $400 for awards that are not qualified plan awards. Tax 1040nr $1,600 for all awards, whether or not qualified plan awards. Tax 1040nr A qualified plan award is an achievement award given as part of an established written plan or program that does not favor highly compensated employees as to eligibility or benefits. Tax 1040nr A highly compensated employee is an employee who meets either of the following tests. Tax 1040nr The employee was a 5% owner at any time during the year or the preceding year. Tax 1040nr The employee received more than $115,000 in pay for the preceding year. Tax 1040nr You can choose to ignore test (2) if the employee was not also in the top 20% of employees ranked by pay for the preceding year. Tax 1040nr An award is not a qualified plan award if the average cost of all the employee achievement awards given during the tax year (that would be qualified plan awards except for this limit) is more than $400. Tax 1040nr To figure this average cost, ignore awards of nominal value. Tax 1040nr Deduct achievement awards as a nonwage business expense on your return or business schedule. Tax 1040nr You may not owe employment taxes on the value of some achievement awards you provide to an employee. Tax 1040nr See Publication 15-B. Tax 1040nr Bonuses You can generally deduct a bonus paid to an employee if you intended the bonus as additional pay for services, not as a gift, and the services were performed. Tax 1040nr However, the total bonuses, salaries, and other pay must be reasonable for the services performed. Tax 1040nr If the bonus is paid in property, see Property , later. Tax 1040nr Gifts of nominal value. Tax 1040nr If, to promote employee goodwill, you distribute food or merchandise of nominal value to your employees at holidays, you can deduct the cost of these items as a nonwage business expense. Tax 1040nr Your deduction for de minimis gifts of food or drink are not subject to the 50% deduction limit that generally applies to meals. Tax 1040nr For more information on this deduction limit, see Meals and lodging , later. Tax 1040nr Education Expenses If you pay or reimburse education expenses for an employee, you can deduct the payments if they are part of a qualified educational assistance program. Tax 1040nr Deduct them on the “Employee benefit programs” or other appropriate line of your tax return. Tax 1040nr For information on educational assistance programs, see Educational Assistance in section 2 of Publication 15-B. Tax 1040nr Fringe Benefits A fringe benefit is a form of pay for the performance of services. Tax 1040nr You can generally deduct the cost of fringe benefits. Tax 1040nr You may be able to exclude all or part of the value of some fringe benefits from your employees' pay. Tax 1040nr You also may not owe employment taxes on the value of the fringe benefits. Tax 1040nr See Table 2-1, Special Rules for Various Types of Fringe Benefits, in Publication 15-B for details. Tax 1040nr Your deduction for the cost of fringe benefits for activities generally considered entertainment, amusement, or recreation, or for a facility used in connection with such an activity (for example, a company aircraft) for certain officers, directors, and more-than-10% shareholders is limited. Tax 1040nr Certain fringe benefits are discussed next. Tax 1040nr See Publication 15-B for more details on these and other fringe benefits. Tax 1040nr Meals and lodging. Tax 1040nr You can usually deduct the cost of furnishing meals and lodging to your employees. Tax 1040nr Deduct the cost in whatever category the expense falls. Tax 1040nr For example, if you operate a restaurant, deduct the cost of the meals you furnish to employees as part of the cost of goods sold. Tax 1040nr If you operate a nursing home, motel, or rental property, deduct the cost of furnishing lodging to an employee as expenses for utilities, linen service, salaries, depreciation, etc. Tax 1040nr Deduction limit on meals. Tax 1040nr You can generally deduct only 50% of the cost of furnishing meals to your employees. Tax 1040nr However, you can deduct the full cost of the following meals. Tax 1040nr Meals whose value you include in an employee's wages. Tax 1040nr Meals that qualify as a de minimis fringe benefit as discussed in section 2 of Publication 15-B. Tax 1040nr This generally includes meals you furnish to employees at your place of business if more than half of these employees are provided the meals for your convenience. Tax 1040nr Meals you furnish to your employees at the work site when you operate a restaurant or catering service. Tax 1040nr Meals you furnish to your employees as part of the expense of providing recreational or social activities, such as a company picnic. Tax 1040nr Meals you are required by federal law to furnish to crew members of certain commercial vessels (or would be required to furnish if the vessels were operated at sea). Tax 1040nr This does not include meals you furnish on vessels primarily providing luxury water transportation. Tax 1040nr Meals you furnish on an oil or gas platform or drilling rig located offshore or in Alaska. Tax 1040nr This includes meals you furnish at a support camp that is near and integral to an oil or gas drilling rig located in Alaska. Tax 1040nr Employee benefit programs. Tax 1040nr Employee benefit programs include the following. Tax 1040nr Accident and health plans. Tax 1040nr Adoption assistance. Tax 1040nr Cafeteria plans. Tax 1040nr Dependent care assistance. Tax 1040nr Education assistance. Tax 1040nr Life insurance coverage. Tax 1040nr Welfare benefit funds. Tax 1040nr You can generally deduct amounts you spend on employee benefit programs on the applicable line of your tax return. Tax 1040nr For example, if you provide dependent care by operating a dependent care facility for your employees, deduct your costs in whatever categories they fall (utilities, salaries, etc. Tax 1040nr ). Tax 1040nr Life insurance coverage. Tax 1040nr You cannot deduct the cost of life insurance coverage for you, an employee, or any person with a financial interest in your business, if you are directly or indirectly the beneficiary of the policy. Tax 1040nr See Regulations section 1. Tax 1040nr 264-1 for more information. Tax 1040nr Welfare benefit funds. Tax 1040nr A welfare benefit fund is a funded plan (or a funded arrangement having the effect of a plan) that provides welfare benefits to your employees, independent contractors, or their beneficiaries. Tax 1040nr Welfare benefits are any benefits other than deferred compensation or transfers of restricted property. Tax 1040nr Your deduction for contributions to a welfare benefit fund is limited to the fund's qualified cost for the tax year. Tax 1040nr If your contributions to the fund are more than its qualified cost, carry the excess over to the next tax year. Tax 1040nr Generally, the fund's “qualified cost” is the total of the following amounts, reduced by the after-tax income of the fund. Tax 1040nr The cost you would have been able to deduct using the cash method of accounting if you had paid for the benefits directly. Tax 1040nr The contributions added to a reserve account that are needed to fund claims incurred but not paid as of the end of the year. Tax 1040nr These claims can be for supplemental unemployment benefits, severance pay, or disability, medical, or life insurance benefits. Tax 1040nr For more information, see sections 419(c) and 419A of the Internal Revenue Code and the related regulations. Tax 1040nr Loans or Advances You generally can deduct as wages an advance you make to an employee for services performed if you do not expect the employee to repay the advance. Tax 1040nr However, if the employee performs no services, treat the amount you advanced as a loan. Tax 1040nr If the employee does not repay the loan, treat it as income to the employee. Tax 1040nr Below-market interest rate loans. Tax 1040nr On certain loans you make to an employee or shareholder, you are treated as having received interest income and as having paid compensation or dividends equal to that interest. Tax 1040nr See Below-Market Loans in chapter 4. Tax 1040nr Property If you transfer property (including your company's stock) to an employee as payment for services, you can generally deduct it as wages. Tax 1040nr The amount you can deduct is the property's fair market value on the date of the transfer less any amount the employee paid for the property. Tax 1040nr You can claim the deduction only for the tax year in which your employee includes the property's value in income. Tax 1040nr Your employee is deemed to have included the value in income if you report it on Form W-2, Wage and Tax Statement, in a timely manner. Tax 1040nr You treat the deductible amount as received in exchange for the property, and you must recognize any gain or loss realized on the transfer, unless it is the company's stock transferred as payment for services. Tax 1040nr Your gain or loss is the difference between the fair market value of the property and its adjusted basis on the date of transfer. Tax 1040nr These rules also apply to property transferred to an independent contractor for services, generally reported on Form 1099-MISC, Miscellaneous Income. Tax 1040nr Restricted property. Tax 1040nr If the property you transfer for services is subject to restrictions that affect its value, you generally cannot deduct it and do not report gain or loss until it is substantially vested in the recipient. Tax 1040nr However, if the recipient pays for the property, you must report any gain at the time of the transfer up to the amount paid. Tax 1040nr “Substantially vested” means the property is not subject to a substantial risk of forfeiture. Tax 1040nr This means that the recipient is not likely to have to give up his or her rights in the property in the future. Tax 1040nr Reimbursements for Business Expenses You can generally deduct the amount you pay or reimburse employees for business expenses incurred for your business. Tax 1040nr However, your deduction may be limited. Tax 1040nr If you make the payment under an accountable plan, deduct it in the category of the expense paid. Tax 1040nr For example, if you pay an employee for travel expenses incurred on your behalf, deduct this payment as a travel expense. Tax 1040nr If you make the payment under a nonaccountable plan, deduct it as wages and include it in the employee's Form W-2. Tax 1040nr See Reimbursement of Travel, Meals, and Entertainment in chapter 11 for more information about deducting reimbursements and an explanation of accountable and nonaccountable plans. Tax 1040nr Sick and Vacation Pay Sick pay. Tax 1040nr You can deduct amounts you pay to your employees for sickness and injury, including lump-sum amounts, as wages. Tax 1040nr However, your deduction is limited to amounts not compensated by insurance or other means. Tax 1040nr Vacation pay. Tax 1040nr Vacation pay is an employee benefit. Tax 1040nr It includes amounts paid for unused vacation leave. Tax 1040nr You can deduct vacation pay only in the tax year in which the employee actually receives it. Tax 1040nr This rule applies regardless of whether you use the cash or accrual method of accounting. Tax 1040nr Prev Up Next Home More Online Publications
State and Local Consumer Agencies in Rhode Island
Consumer Protection Offices
City, county, regional, and state consumer offices offer a variety of important services. They might mediate complaints, conduct investigations, prosecute offenders of consumer laws, license and regulate professional service providers, provide educational materials and advocate for consumer rights. To save time, call before sending a written complaint. Ask if the office handles the type of complaint you have and if complaint forms are provided.
State Consumer Protection Offices
The officials listed in this section regulate and supervise state-chartered banks. Many of them handle or refer problems and complaints about other types of financial institutions as well. Some also answer general questions about banking and consumer credit. If you are dealing with a federally chartered bank, check Federal Agencies.
Department of Business Regulation
Website: Department of Business Regulation
Department of Business Regulation
Division of Banking
1511 Pontiac Ave.
Cranston, RI 02920
Phone Number: 401-462-9500
Each state has its own laws and regulations for each type of insurance. The officials listed in this section enforce these laws. Many of these offices can also provide you with information to help you make informed insurance buying decisions.
Each state has its own laws and regulations for securities brokers and securities - including stocks, mutual funds, commodities, real estate, etc. The officials and agencies listed in this section enforce these laws and regulations. Many of these offices can also provide information to help you make informed investment decisions.
State Utility Commissions regulate services and rates for gas, electricity and telephones within your state. In some states, the utility commissions regulate other services such as water, transportation, and the moving of household goods. Many utility commissions handle consumer complaints. Sometimes, if a number of complaints are received about the same utility matter, they will conduct investigations.