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Tax Act 1040x

Print Tax Form 1040xUs Irs E File FreeFile My State Taxes For FreeForm 1040a1040nr FilingFree State Tax ReturnsFree Tax ServicesFile 2012 Taxes FreeI Need To File My 2009 Taxes For FreeFile For 2012 TaxesLast Day To File Taxes 2013Turbo Tax Ez FormTax Forms For StudentsAmended Form1040x Form 2012Online Tax CalculatorTax Forms 1040x2007 Federal Tax Forms1040x Form 2010Tax Forms 2012 Federal 1040Free State Tax Forms OnlineTurbotax Military Discount2010 Income Tax FormsFree H&r BlockH&r Block Free State File CodeForm 1040Free Tax Filing For College StudentsTax Exemptions For Students2011 Tax Form 1040ezH&r Block 2012 TaxesCheapest State Tax FilingEfile FreeTax Form 1040 Year 2008Free Tax FormsCan I Efile My 2012 Taxes Now1040ez IrsE-file State Tax For FreeClaim Social Security Income TaxesPa 1040ezAmend 2010 Tax Return Online

Tax Act 1040x

Tax act 1040x Publication 926 - Introductory Material Table of Contents Future Developments What's New Reminder IntroductionTax questions. Tax act 1040x Future Developments For the latest information about developments related to Publication 926, such as legislation enacted after it was published, go to www. Tax act 1040x irs. Tax act 1040x gov/pub926. Tax act 1040x What's New Social security and Medicare tax for 2014. Tax act 1040x  The social security tax rate is 6. Tax act 1040x 2% each for the employee and employer, unchanged from 2013. Tax act 1040x The social security wage base limit is $117,000. Tax act 1040x The Medicare tax rate is 1. Tax act 1040x 45% each for the employee and employer, unchanged from 2013. Tax act 1040x There is no wage base limit for Medicare tax. Tax act 1040x Social security and Medicare taxes apply to the wages of household employees you pay $1,900 or more in cash or an equivalent form of compensation. Tax act 1040x Qualified parking exclusion and commuter transportation benefit. Tax act 1040x  For 2014, the monthly exclusion for qualified parking is $250 and the monthly exclusion for commuter highway vehicle transportation and transit passes is $130. Tax act 1040x Reminder Additional Medicare Tax withholding. Tax act 1040x  In addition to withholding Medicare tax at 1. Tax act 1040x 45%, you must withhold a 0. Tax act 1040x 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Tax act 1040x You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. Tax act 1040x Additional Medicare Tax is only imposed on the employee. Tax act 1040x There is no employer share of Additional Medicare Tax. Tax act 1040x All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. Tax act 1040x For more information on Additional Medicare Tax, visit IRS. Tax act 1040x gov and enter “Additional Medicare Tax” in the search box. Tax act 1040x Credit reduction states. Tax act 1040x  A state that has not repaid money it borrowed from the federal government to pay unemployment benefits is a “credit reduction state. Tax act 1040x ” The Department of Labor (DOL) determines these states. Tax act 1040x If you paid any wages that are subject to the unemployment compensation laws in any credit reduction state, your federal unemployment (FUTA) tax credit is reduced. Tax act 1040x See the Instructions for Schedule H (Form 1040) for more information. Tax act 1040x Outsourcing payroll duties. Tax act 1040x  Employers are responsible to ensure that tax returns are filed and deposits and payments are made, even if the employer contracts with a third party to perform these acts. Tax act 1040x The employer remains responsible if the third party fails to perform any required action. Tax act 1040x If you choose to outsource any of your payroll and related tax duties (that is, withholding, reporting, and paying over social security, Medicare, FUTA, and income taxes) to a third-party payer such as a payroll service provider or reporting agent, visit IRS. Tax act 1040x gov and enter “outsourcing payroll duties” in the search box for helpful information on this topic. Tax act 1040x Photographs of missing children. Tax act 1040x  The IRS is a proud partner with the National Center for Missing and Exploited Children. Tax act 1040x Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Tax act 1040x You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Tax act 1040x Introduction The information in this publication applies to you only if you have a household employee. Tax act 1040x If you have a household employee in 2014, you may need to pay state and federal employment taxes for 2014. Tax act 1040x You generally must add your federal employment taxes to the income tax that you will report on your 2014 federal income tax return. Tax act 1040x This publication will help you decide whether you have a household employee and, if you do, whether you need to pay federal employment taxes (social security tax, Medicare tax, FUTA, and federal income tax withholding). Tax act 1040x It explains how to figure, pay, and report these taxes for your household employee. Tax act 1040x It also explains what records you need to keep. Tax act 1040x This publication also tells you where to find out whether you need to pay state unemployment tax for your household employee. Tax act 1040x Comments and suggestions. Tax act 1040x   We welcome your comments about this publication and your suggestions for future editions. Tax act 1040x   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Tax act 1040x NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Tax act 1040x Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Tax act 1040x   You can also send us comments from www. Tax act 1040x irs. Tax act 1040x gov/formspubs. Tax act 1040x Click on More Information and then click on Comment on Tax Forms and Publications. Tax act 1040x   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Tax act 1040x Tax questions. Tax act 1040x   If you have a tax question, check the information available on IRS. Tax act 1040x gov or call 1-800-829-1040 or 1-800-829-4933 (TDD/TTY for persons who are deaf, hard of hearing, or have a speech disability at 1-800-829-4059) Monday–Friday from 7:00 a. Tax act 1040x m. Tax act 1040x –7:00 p. Tax act 1040x m. Tax act 1040x local time (Alaska and Hawaii follow Pacific time). Tax act 1040x We cannot answer tax questions sent to the above address. Tax act 1040x Prev  Up  Next   Home   More Online Publications
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Tax Relief for Victims of Hurricane Sandy in Rhode Island

RI-2012-30, Nov. 15, 2012

BOSTON — Victims of Hurricane Sandy that began on Oct. 26, 2012 in parts of Rhode Island may qualify for tax relief from the Internal Revenue Service.

The President has declared Newport and Washington counties a federal disaster area. Individuals who reside or have a business in these counties may qualify for tax relief.

The declaration permits the IRS to postpone certain deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after Oct. 26, and on or before Feb. 1, have been postponed to Feb. 1, 2013.  

In addition, the IRS is waiving the failure-to-deposit penalties for employment and excise tax deposits due on or after Oct. 26, and on or before Nov. 26, as long as the deposits are made by Nov. 26, 2012.

If an affected taxpayer receives a penalty notice from the IRS, the taxpayer should call the telephone number on the notice to have the IRS abate any interest and any late filing or late payment penalties that would otherwise apply. Penalties or interest will be abated only for taxpayers who have an original or extended filing, payment or deposit due date, including an extended filing or payment due date, that falls within the postponement period.

The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. But affected taxpayers who reside or have a business located outside the covered disaster area need to call the IRS disaster hotline at 866-562-5227 to request this tax relief.

For a full description of the relief being provided by the IRS to the victims of Hurricane Sandy, visit IRS.gov.

Covered Disaster Area

The counties above constitute a covered disaster area for purposes of Treas. Reg. § 301.7508A-1(d)(2) and are entitled to the relief detailed below.

Affected Taxpayers

Taxpayers considered to be affected taxpayers eligible for the postponement of time to file returns, pay taxes and perform other time-sensitive acts are those taxpayers listed in Treas. Reg. § 301.7508A-1(d)(1), and include individuals who live, and businesses whose principal place of business is located, in the covered disaster area. Taxpayers not in the covered disaster area, but whose records necessary to meet a deadline listed in Treas. Reg. § 301.7508A-1(c) are in the covered disaster area, are also entitled to relief. In addition, all relief workers affiliated with a recognized government or philanthropic organization assisting in the relief activities in the covered disaster area and any individual visiting the covered disaster area who was killed or injured as a result of the disaster are entitled to relief.

Grant of Relief

Under section 7508A, the IRS gives affected taxpayers until Feb. 1 to file most tax returns (including individual, corporate, and estate and trust income tax returns; partnership returns, S corporation returns, and trust returns; estate, gift, and generation-skipping transfer tax returns; and employment and certain excise tax returns), or to make tax payments, including estimated tax payments, that have either an original or extended due date occurring on or after Oct. 26 and on or before Feb. 1.

The IRS also gives affected taxpayers until Feb. 1 to perform other time-sensitive actions described in Treas. Reg. § 301.7508A-1(c)(1) and Rev. Proc. 2007-56, 2007-34 I.R.B. 388 (Aug. 20, 2007), that are due to be performed on or after Oct. 26 and on or before Feb. 1.

This relief also includes the filing of Form 5500 series returns, in the manner described in section 8 of Rev. Proc. 2007-56. The relief described in section 17 of Rev. Proc. 2007-56, pertaining to like-kind exchanges of property, also applies to certain taxpayers who are not otherwise affected taxpayers and may include acts required to be performed before or after the period above.

The postponement of time to file and pay does not apply to information returns in the W-2, 1098, 1099 series, or to Forms 1042-S or 8027. Penalties for failure to timely file information returns can be waived under existing procedures for reasonable cause. Likewise, the postponement does not apply to employment and excise tax deposits. The IRS, however, will abate penalties for failure to make timely employment and excise tax deposits due on or after Oct. 26 and on or before Nov. 26 provided the taxpayer makes these deposits by Nov. 26.

Casualty Losses

Affected taxpayers in a federally declared disaster area have the option of claiming disaster-related casualty losses on their federal income tax return for either this year or last year. Claiming the loss on an original or amended return for last year will get the taxpayer an earlier refund, but waiting to claim the loss on this year’s return could result in a greater tax saving, depending on other income factors.

Individuals may deduct personal property losses that are not covered by insurance or other reimbursements. For details, see Form 4684 and its instructions.

Affected taxpayers claiming the disaster loss on last year’s return should put the Disaster Designation “Rhode Island/Hurricane Sandy” at the top of the form so that the IRS can expedite the processing of the refund.

Other Relief

The IRS will waive the usual fees and expedite requests for copies of previously filed tax returns for affected taxpayers. Taxpayers should put the assigned Disaster Designation in red ink at the top of Form 4506, Request for Copy of Tax Return, or Form 4506-T, Request for Transcript of Tax Return, as appropriate, and submit it to the IRS.

Affected taxpayers who are contacted by the IRS on a collection or examination matter should explain how the disaster impacts them so that the IRS can provide appropriate consideration to their case.

Taxpayers may download forms and publications from the official IRS website, irs.gov, or order them by calling 800-TAX-FORM (800-829-3676). The IRS toll-free number for general tax questions is 800-829-1040.

Related Information

Disaster Assistance and Emergency Relief for Individuals and Businesses

Recent IRS Disaster Relief Announcements

 

Page Last Reviewed or Updated: 05-Nov-2013

The Tax Act 1040x

Tax act 1040x Index A Additional Medicare Tax, What's New Allocated tips, Allocated Tips Assistance (see Tax help) C Cash tips, How to keep a daily tip record. Tax act 1040x Credit card charge tips, How to keep a daily tip record. Tax act 1040x D Daily tip record, Keeping a Daily Tip Record E Electronic tip record, Electronic tip record. Tax act 1040x Electronic tip statement, Electronic tip statement. Tax act 1040x Employers Giving money to, for taxes, Giving your employer money for taxes. Tax act 1040x Reporting tips to, Reporting Tips to Your Employer EmTRAC program, Tip Rate Determination and Education Program F Figures Form 4070A, sample filled-in, Form 1040 Schedule C, Self-employed persons. Tax act 1040x Unreported tips, Reporting social security, Medicare, Additional Medicare, or railroad retirement taxes on tips not reported to your employer. Tax act 1040x Form 4070, What tips to report. Tax act 1040x Sample filled-in, Form 4070A, How to keep a daily tip record. Tax act 1040x Form 4137, Reporting social security, Medicare, Additional Medicare, or railroad retirement taxes on tips not reported to your employer. Tax act 1040x Form 8027, How to request an approved lower rate. Tax act 1040x Form W-2 Uncollected taxes, Giving your employer money for taxes. Tax act 1040x , Reporting uncollected social security, Medicare, Additional Medicare, or railroad retirement taxes on tips reported to your employer. Tax act 1040x Free tax services, Free help with your tax return. Tax act 1040x G Gaming Industry Tip Compliance Agreement Program, Tip Rate Determination and Education Program H Help (see Tax help) M Missing children, photographs of, Reminder N Noncash tips, How to keep a daily tip record. Tax act 1040x P Penalties Failure to report tips to employer, Penalty for not reporting tips. Tax act 1040x Underpayment of estimated taxes, Giving your employer money for taxes. Tax act 1040x Publications (see Tax help) R Recordkeeping requirements Daily tip record, Keeping a Daily Tip Record Reporting Employee to report tips to employer, Reporting Tips to Your Employer Tip income, Introduction S Self-employed persons, Self-employed persons. Tax act 1040x Service charge paid as wages, Service charges. Tax act 1040x Social security and Medicare taxes Allocated tips, How to report allocated tips. Tax act 1040x Reporting of earnings to Social Security Administration, Why report tips to your employer. Tax act 1040x Tips not reported to employer, Reporting social security, Medicare, Additional Medicare, or railroad retirement taxes on tips not reported to your employer. Tax act 1040x Uncollected taxes on tips, Reporting uncollected social security, Medicare, Additional Medicare, or railroad retirement taxes on tips reported to your employer. Tax act 1040x T Tax help, How To Get Tax Help Tax returns, Reporting Tips on Your Tax Return Tip pools, How to keep a daily tip record. Tax act 1040x Tip Rate Determination and Education Program, Tip Rate Determination and Education Program Tip splitting, How to keep a daily tip record. Tax act 1040x TTY/TDD information, How To Get Tax Help U Uncollected taxes, Giving your employer money for taxes. Tax act 1040x , Reporting uncollected social security, Medicare, Additional Medicare, or railroad retirement taxes on tips reported to your employer. Tax act 1040x W Withholding, Why report tips to your employer. Tax act 1040x Prev  Up     Home   More Online Publications