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Tax Forms 1040ez

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Tax Forms 1040ez

Tax forms 1040ez Publication 179 - Introductory Material Table of Contents Acontecimientos futuros Qué hay de nuevo Recordatorios Calendario Introduction Acontecimientos futuros Si desea obtener la información más reciente sobre todo acontecimiento relacionado con la Publicación 179, tal como legislación promulgada después de que ésta fue publicada, acceda a www. Tax forms 1040ez irs. Tax forms 1040ez gov/pub179. Tax forms 1040ez Qué hay de nuevo Contribuciones al Seguro Social y al Medicare para el 2014. Tax forms 1040ez  La tasa de contribución para el Seguro Social permanece en 6. Tax forms 1040ez 2% tanto para el empleado como para el patrono. Tax forms 1040ez La base límite de salario para el Seguro Social es $117,000. Tax forms 1040ez La tasa de la contribución al Medicare es 1. Tax forms 1040ez 45% tanto para la parte del empleado como la del patrono, la misma tasa que correspondió para el año 2013. Tax forms 1040ez No hay límite sobre la cantidad de salarios sujetos a la contribución al Medicare. Tax forms 1040ez Las contribuciones al Seguro Social y al Medicare se aplican a los salarios de empleados domésticos a quienes usted les paga $1,900 o más en efectivo o de una forma equivalente de remuneración. Tax forms 1040ez Las contribuciones al Seguro Social y al Medicare se aplican a los trabajadores electorales a quienes se les paga $1,600 o más en efectivo o una remuneración equivalente. Tax forms 1040ez Cambio de parte responsable. Tax forms 1040ez  Comenzando el 1 de enero del 2014, toda entidad jurídica que tiene asignado un número patronal tiene que presentar el Formulario 8822-B Change of Address or Responsible Party—Business (Cambio de dirección o Parte Responsable— de negocios), en inglés, para informar si ha cambiado la parte responsable del negocio. Tax forms 1040ez El Formulario 8822-B tiene que presentarse dentro de los 60 días que cambió la parte responsable. Tax forms 1040ez Si el cambio de la parte responsable ocurrió antes del año 2014 y no se ha notificado el cambio anteriormente al IRS presente el Formulario 8822-B antes del 1 de marzo del 2014 e informe solamente el cambio más reciente. Tax forms 1040ez Para la definición de “parte reponsable” vea las Instrucciones del Formulario SS-4PR Solicitud de Número de Identificación Patronal (EIN). Tax forms 1040ez Matrimonio entre personas del mismo sexo. Tax forms 1040ez . Tax forms 1040ez  Para propósitos de las contribuciones federales, las personas del mismo sexo se consideran casados legalmente ​​si se casaron en un estado (o país extranjero) cuyas leyes autorizan el matrimonio de personas del mismo sexo, aunque el estado (o país extranjero) en el que ahora viven no reconozca el matrimonio entre personas del mismo sexo. Tax forms 1040ez Para obtener más información, consulte el Revenue Ruling 2013-17 (Reglamento de Rentas Internas 2013–17) disponible en www. Tax forms 1040ez irs. Tax forms 1040ez gov/irb/2013-38_IRB/ar07. Tax forms 1040ez html. Tax forms 1040ez El Notice 2013-61 (Aviso 2013-61) establece los procedimientos administrativos especiales para los patronos hacer reclamaciones para el reembolso o los ajustes de los pagos en exceso al Seguro Social y al Medicare con respecto a ciertos beneficios entre cónyuges del mismo sexo antes de la expiración del periodo de prescripción. Tax forms 1040ez El Aviso 2013-61 que aparece en la página 432 del Internal Revenue Bulletin (Boletín de Rentas Internas 2013-44), en inglés, está disponible en www. Tax forms 1040ez irs. Tax forms 1040ez gov/irb/2013-44_IRB/ar10. Tax forms 1040ez html. Tax forms 1040ez Recordatorios Retención de la Contribución Adicional al Medicare. Tax forms 1040ez  Además de la retención de la contribución Medicare de 1. Tax forms 1040ez 45%, usted tiene que retener la Contribución Adicional al Medicare de 0. Tax forms 1040ez 9% de los salarios en exceso de $200,000 que le paga a un empleado en un año natural. Tax forms 1040ez Se le requiere a usted que comience a retener la Contribución Adicional al Medicare en el período de paga en el cual usted le paga salarios en exceso de $200,000 a un empleado. Tax forms 1040ez Continúe reteniendo esta Contribución Adicional al Medicare en todo período de paga hasta que finalice el año natural. Tax forms 1040ez La Contribución Adicional al Medicare sólo se le impone al empleado. Tax forms 1040ez No hay una porción correspondiente al patrono de la Contribución Adicional al Medicare. Tax forms 1040ez Todos los salarios que están sujetos a la contribución Medicare, están sujetos a la retención de la Contribución Adicional al Medicare si éstos exceden el límite de $200,000. Tax forms 1040ez Si desea más información sobre cuáles salarios están sujetos a la Contribución Adicional al Medicare, vea la tabla Reglas especiales para varias clases de servicios y de pagos , en el apartado 15 de esta publicación. Tax forms 1040ez Para más información, sobre la Contribución Adicional al Medicare visite IRS. Tax forms 1040ez gov y escriba “ Additional Medicare Tax ” en inglés, en la casilla Search (Buscar). Tax forms 1040ez La información está disponible en inglés. Tax forms 1040ez El crédito contributivo por oportunidad de trabajo para organizaciones calificadas exentas de contribución que contratan a veteranos calificados ha sido extendido. Tax forms 1040ez . Tax forms 1040ez  El crédito contributivo por oportunidad de trabajo está disponible para veteranos desempleados que reúnan los requisitos que comiencen a trabajar antes del 1 de enero de 2014. Tax forms 1040ez Anteriormente, el crédito estaba disponible para veteranos desempleados quienes comenzaron a trabajar a partir del 22 de noviembre de 2011, y antes del 1 de enero de 2013. Tax forms 1040ez Las organizaciones exentas de contribuciones calificadas que contratan veteranos desempleados que reúnan los requisitos pueden reclamar el crédito contributivo por oportunidad de trabajo contra su contribución sobre la nómina utilizando el Formulario 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans (Crédito por oportunidad de trabajo para organizaciones exentas de contribuciones calificadas que contratan a veteranos calificados), en inglés. Tax forms 1040ez Si desea más información, visite IRS. Tax forms 1040ez gov y escriba “work opportunity tax credit” (crédito contributivo por oportunidad de trabajo), en inglés, en la casilla Search (Buscar). Tax forms 1040ez La información está disponible en inglés. Tax forms 1040ez Externalización de las obligaciones de la nómina. Tax forms 1040ez . Tax forms 1040ez  Los patronos son responsables de asegurar que las planillas de contribución se radiquen y que los depósitos y pagos se hagan, aun si el patrono contrata los servicios de un tercero para hacerlo. Tax forms 1040ez El patrono sigue siendo el responsable aun si el tercero no cumple con la acción requerida. Tax forms 1040ez Si opta por externalizar cualquier parte de su nómina y las obligaciones relacionadas con las contribuciones (es decir, retención, declarar y pagar las contribuciones al Seguro Social, al Medicare y FUTA) a un tercero pagador, tal como un proveedor de servicios de nómina o agente de reportación, visite el sitio web IRS. Tax forms 1040ez gov y escriba “outsourcing payroll duties” (externalización de las obligaciones de nómina) en la casilla “Search” (Buscar), para información útil sobre este tema. Tax forms 1040ez Dicha información está disponible en inglés. Tax forms 1040ez El crédito de asistencia para las primas COBRA. Tax forms 1040ez  El crédito por asistencia en los pagos de las primas COBRA se aplica a las primas pagadas por un máximo de 15 meses para los empleados que fueron despedidos entre el 1 de septiembre de 2008 y el 31 de mayo de 2010. Tax forms 1040ez Vea COBRA premium assistance credit (Crédito de asistencia para las primas COBRA) en inglés, en la Publicación 15. Tax forms 1040ez Vea la sección Crédito de asistencia para las primas de COBRA para detalles sobre el crédito. Tax forms 1040ez El Formulario 944-PR está descontinuado. Tax forms 1040ez  El Formulario 944-PR, Planilla para la Declaración Federal ANUAL del Patrono, ya no estará disponible después de 2011. Tax forms 1040ez A partir del año contributivo 2012, los patronos que anteriormente presentaban el Formulario 944-PR presentarán anualmente el Formulario 944(SP), Declaración Federal ANUAL de Impuestos del Patrono o Empleador. Tax forms 1040ez Por otra parte, los contribuyentes pueden solicitar que se les permita la radicación trimestral con el Formulario 941-PR, Planilla para la Declaración Federal TRIMESTRAL del Patrono, en vez del Formulario 944(SP) (o el Formulario 944, en inglés). Tax forms 1040ez Para más información, consulte las Instrucciones para el Formulario 944(SP). Tax forms 1040ez Para solicitar que se le permita radicar los formularios trimestrales 941-PR para informar sus contribuciones al Seguro Social y Medicare del año 2014, debe llamar al IRS al 1-800-829-4933 o al 267-941-1000 (llamada con cargos) a más tardar el 1 de abril de 2014. Tax forms 1040ez O, puede enviar una solicitud por escrito (el matasellos debe estar fechado en o antes del 15 de marzo de 2014). Tax forms 1040ez Después de comunicarse con el IRS, el IRS le enviará una notificación por escrito indicándole que su requisito de presentación ha cambiado. Tax forms 1040ez Si usted no recibe este aviso, debe presentar el Formulario 944(SP) para el año natural 2014. Tax forms 1040ez Para más información, consulte ¿Qué ocurre si quiere presentar Formularios 941, 941-SS o 941-PR en lugar del Formulario 944 (en inglés) o 944(SP)?, en las Instrucciones para el Formulario 944(SP) de 2013. Tax forms 1040ez Usted tiene que recibir un aviso escrito del IRS para poder radicar el Formulario 944(SP). Tax forms 1040ez  Si usted ha estado radicando los Formularios 941-PR y cree que sus contribuciones sobre la nómina para el año natural serán $1,000 o menos y desea radicar el Formulario 944(SP) (o el Formulario 944, en inglés) en vez de los Formularios 941-PR, tiene que comunicarse con el IRS para solicitar el permiso para poder radicar el Formulario 944(SP). Tax forms 1040ez Antes de que pueda radicar este formulario, tiene que recibir un aviso escrito de parte del IRS que le otorgue el permiso para poder radicar el Formulario 944(SP) en vez de los Formularios 941-PR. Tax forms 1040ez Si desea más información sobre cómo solicitar el permiso para radicar el Formulario 944(SP) o el Formulario 944, en vez de los Formularios 941-PR, vea el tema titulado ¿Qué ocurre si quiere presentar Formularios 941, 941-SS o 941-PR en lugar del Formulario 944 (en inglés) o 944(SP)?, en las Instrucciones para el Formulario 944(SP). Tax forms 1040ez Cambio de dirección. Tax forms 1040ez . Tax forms 1040ez  Utilice el Formulario 8822-B, Change of Address or Responsible Party-Business (Cambio de dirección— o Parte Responsable— de negocios), en inglés, para notificarle al IRS sobre un cambio a su dirección. Tax forms 1040ez No envíe el Formulario 8822-B junto con su planilla de contribuciones sobre la nómina. Tax forms 1040ez Los depósitos de las contribuciones federales tienen que llevarse a cabo mediante transferencia electrónica de fondos. Tax forms 1040ez  Usted tiene que depositar toda contribución mediante transferencia electrónica de fondos. Tax forms 1040ez Generalmente, la transferencia electrónica de fondos se lleva a cabo usando el Electronic Federal Tax Payment System (Sistema electrónico de pagos de la contribución federal o EFTPS, por sus siglas en inglés). Tax forms 1040ez Si no desea utilizar el EFTPS, puede hacer los arreglos para que su preparador, institución financiera, servicio de nómina u otro tercero de su confianza efectúe depósitos electrónicos en nombre suyo. Tax forms 1040ez El EFTPS es un servicio gratuito provisto por el Departamento del Tesoro. Tax forms 1040ez Los servicios provistos por su preparador profesional, institución financiera, servicio de nómina u otro tercero podría conllevar en un cargo. Tax forms 1040ez Si desea más información sobre cómo efectuar depósitos de la contribución federal, vea Cómo hacer los depósitos , en el apartado 11. Tax forms 1040ez Si desea más información sobre EFTPS o si desea inscribirse, visite el sitio web de EFTPS en www. Tax forms 1040ez eftps. Tax forms 1040ez gov o llame al 1-800-244-4829 (1-800-733-4829, si es usuario de equipo TDD). Tax forms 1040ez Puede encontrar información adicional sobre EFTPS en la Publicación 966 (SP), Sistema de Pago Electrónico del Impuesto Federal: La Manera Segura de pagar los Impuestos Federales. Tax forms 1040ez Radicación y pago por medios electrónicos. Tax forms 1040ez  El uso de las opciones electrónicas puede hacer más fácil la radicación de una planilla y el pago de la contribución federal. Tax forms 1040ez Utilice el EFTPS para efectuar depósitos o pagar la contribución en su totalidad, independientemente de si utiliza a un preparador o si prepara sus propias planillas. Tax forms 1040ez Puede usar el sistema electrónico e-file del IRS para radicar ciertas planillas. Tax forms 1040ez Si hay una suma por pagar en la planilla, puede radicarla con el sistema e-file y pagar electrónicamente (e-pay) en un solo paso al autorizar un retiro electrónico de fondos de su cuenta bancaria mientras está radicando electrónicamente. Tax forms 1040ez No utilice el retiro electrónico de fondos para pagar contribuciones que se requiere que se depositen. Tax forms 1040ez Visite el sitio web del IRS www. Tax forms 1040ez irs. Tax forms 1040ez gov/efile , en inglés, para más información sobre cómo radicar una planilla electrónicamente. Tax forms 1040ez Si desea más información sobre cómo pagar sus contribuciones utilizando el retiro electrónico de fondos, visite la página del IRS en www. Tax forms 1040ez irs. Tax forms 1040ez gov/e-pay. Tax forms 1040ez Se le podría cobrar un cargo por radicar electrónicamente. Tax forms 1040ez Para EFTPS, visite www. Tax forms 1040ez eftps. Tax forms 1040ez gov o llame a la línea de servicio al cliente de EFTPS al 1-800-244-4829 o 1-800-733-4829, si es usuario de equipo TDD. Tax forms 1040ez Para la radicación electrónica de los Formularios 499R-2/W-2PR y 499R-2/W-2cPR ante la Administración del Seguro Social, visite la página web www. Tax forms 1040ez hacienda. Tax forms 1040ez gobierno. Tax forms 1040ez pr. Tax forms 1040ez Si usted está radicando su planilla de contribuciones o si está pagando sus contribuciones federales electrónicamente, se necesita que provea un EIN válido. Tax forms 1040ez Si no provee un EIN válido, la planilla o pago no se tramitará. Tax forms 1040ez Esto podría resultarle en multas y demoras en la tramitación de su planilla o pago. Tax forms 1040ez Pagos con tarjeta de crédito o débito. Tax forms 1040ez  Para mayor información sobre cómo se pagan las contribuciones con tarjetas de crédito o débito, visite el sitio web del IRS, www. Tax forms 1040ez irs. Tax forms 1040ez gov/e-pay. Tax forms 1040ez No obstante, no use una tarjeta de crédito o débito para pagar contribuciones que deben ser depositadas. Tax forms 1040ez Contratación de empleados nuevos. Tax forms 1040ez  Mantenga un registro con el nombre y número de cada uno de sus empleados nuevos según aparece en su tarjeta de Seguro Social. Tax forms 1040ez Todo empleado que no tenga una tarjeta de Seguro Social deberá solicitarla usando el Formulario SS-5-SP, Solicitud para una Tarjeta de Seguro Social, en español. Tax forms 1040ez Vea el apartado 4 . Tax forms 1040ez Cómo informar las discrepancias entre los Formularios 941-PR (o 944(SP)) y los Formularios 499R-2/W-2PR. Tax forms 1040ez . Tax forms 1040ez  Utilice el Anexo D (Formulario 941), Report of Discrepancies Caused by Acquisitions, Statutory Mergers, or Consolidations (Informe de discrepancias causadas por adquisiciones, fusiones o consolidaciones), en inglés. Tax forms 1040ez En este anexo se explicarán las discrepancias en los salarios, contribuciones y pagos que han surgido entre los Formularios 941-PR (o el Formulario 944(SP)) debido a adquisiciones, fusiones o consolidaciones. Tax forms 1040ez Si desea más información, vea las Instrucciones para el Anexo D (Formulario 941), disponibles en inglés. Tax forms 1040ez Solicitud de un número de identificación patronal en línea (EIN). Tax forms 1040ez  Usted puede solicitar un número de identificación patronal (EIN, por sus siglas en inglés) en línea al visitar el sitio web IRS. Tax forms 1040ez gov, en inglés, y pulsar sobre el enlace “Apply for an EIN Online” (Solicitud de un número de identificación patronal en línea (EIN)), que se encuentra bajo Tools (Herramientas). Tax forms 1040ez La información está provista en inglés. Tax forms 1040ez Pagos rechazados. Tax forms 1040ez  Cualquier forma de pago que ha sido rechazado y es devuelto por la institución financiera está sujeto a una penalidad. Tax forms 1040ez Esta penalidad es $25 o el 2% de la cantidad del pago, lo mayor entre ambos. Tax forms 1040ez Sin embargo, la penalidad en pagos rechazados de $24. Tax forms 1040ez 99 o menos es igual a la cantidad del pago. Tax forms 1040ez Por ejemplo, un pago por $18 que fue rechazado, la penalidad es $18 (la cantidad rechazada). Tax forms 1040ez Remuneración pagada a trabajadores agrícolas con visa H-2A. Tax forms 1040ez  La remuneración que le paga a trabajadores agrícolas por trabajo realizado con una visa H-2A no está sujeta a las contribuciones al Seguro Social, al Medicare o la Contribución Adicional al Medicare. Tax forms 1040ez Por lo tanto, no debe informarla como remuneración sujeta a dichas contribuciones. Tax forms 1040ez Verifique con las agencias del gobierno de Puerto Rico para verificar si tiene algún requisito estatal. Tax forms 1040ez Servicios de entrega privados. Tax forms 1040ez  Puede usar ciertos servicios de entrega privados designados por el IRS para enviar sus planillas o pagos de la contribución. Tax forms 1040ez La lista incluye sólo los servicios siguientes: DHL Express (DHL): DHL Same Day Service. Tax forms 1040ez Federal Express (FedEx): FedEx Priority Overnight, FedEx Standard Overnight, FedEx 2Day, FedEx International Priority y FedEx International First. Tax forms 1040ez United Parcel Service (UPS): UPS Next Day Air, UPS Next Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A. Tax forms 1040ez M. Tax forms 1040ez , UPS Worldwide Express Plus y UPS Worldwide Express. Tax forms 1040ez Si desea obtener la dirección a dónde enviar la planilla o pago si utilizara un servicio de entrega privado, acceda a IRS. Tax forms 1040ez gov y escriba “private delivery service” en la casilla Search (Buscar). Tax forms 1040ez La información está disponible en inglés. Tax forms 1040ez El proveedor de servicio de entrega privado que escoja puede informarle de cómo se obtiene verificación por escrito de la fecha de envío. Tax forms 1040ez Los servicios de entrega privados no pueden entregar artículos de correo a los apartados postales. Tax forms 1040ez Usted tiene que utilizar el Servicio Postal de los EE. Tax forms 1040ez UU. Tax forms 1040ez para enviar todo artículo de correo a una dirección que incluya un apartado postal del IRS. Tax forms 1040ez Mantenimiento de récords. Tax forms 1040ez  Conserve todos los récords de sus contribuciones sobre la nómina durante 4 años. Tax forms 1040ez Los mismos deben estar disponibles para ser inspeccionados por funcionarios del IRS. Tax forms 1040ez No se ha establecido ninguna manera especial de llevar estos récords. Tax forms 1040ez Sin embargo, los mismos deberán incluir su EIN, las cantidades y fechas de todos los pagos de salarios (incluyendo beneficios marginales) y las propinas declaradas, así como los nombres, direcciones y ocupaciones de todos los empleados que reciban tales pagos, las fechas de empleo, además de los números de Seguro Social y los duplicados de las planillas de contribución radicadas anteriormente, incluyendo las fechas y cantidades de depósitos hechos según se explica en el apartado 11 . Tax forms 1040ez Todo patrono agrícola tiene que llevar un registro en el cual consten el nombre, dirección permanente y el EIN de cada líder de cuadrilla. Tax forms 1040ez Vea Líder de cuadrilla, en el apartado 1 . Tax forms 1040ez Comentarios y sugerencias. Tax forms 1040ez  Le agradecemos sus comentarios sobre esta publicación y sugerencias para ediciones futuras de la misma. Tax forms 1040ez Puede escribirnos a la siguiente dirección: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Tax forms 1040ez NW, IR-6526 Washington, DC 20224 Nosotros contestamos muchas cartas a través de llamadas telefónicas. Tax forms 1040ez Por lo tanto, sería de ayuda si en su correspondencia incluye su número telefónico, junto con el código de área telefónico, en donde nos podamos comunicar con usted durante el día. Tax forms 1040ez También, puede enviarnos comentarios a través de la página www. Tax forms 1040ez irs. Tax forms 1040ez gov/formspubs. Tax forms 1040ez Pulse sobre el enlace titulado More Information (Más información) y luego pulse sobre el enlace titulado “Give us Feedback” (Proveer comentarios), en inglés. Tax forms 1040ez Aunque no podemos contestar a cada comentario que recibimos, sí agradecemos sus sugerencias y las consideraremos al revisar nuestros productos contributivos. Tax forms 1040ez Fotografías de niños desaparecidos. Tax forms 1040ez  El Servicio de Rentas Internas siente orgullo en colaborar con el National Center for Missing and Exploited Children (Centro Nacional de Niños Desaparecidos y Explotados). Tax forms 1040ez Las fotografías de niños desaparecidos que han sido seleccionadas por el Centro pueden aparecer en esta publicación en páginas que de otra manera estarían en blanco. Tax forms 1040ez Usted puede ayudar a que estos niños regresen a sus hogares si al mirar sus fotografías los puede identificar y entonces llama libre de cargos al 1-800-THE-LOST (1-800-843-5678). Tax forms 1040ez Calendario   Si alguna fecha indicada a continuación es un sábado, domingo o día festivo oficial, la fecha de vencimiento para radicar la planilla, presentar un formulario o depositar su contribución es el próximo día laborable. Tax forms 1040ez Un día festivo oficial en Puerto Rico o en un estado posterga una fecha de vencimiento únicamente si la oficina del IRS donde usted tiene que radicar su planilla de contribución está localizada en tal estado o territorio. Tax forms 1040ez Para propósitos de la fecha de vencimiento, se cumplen los requisitos para radicar la planilla si la misma se encuentra en un sobre que esté dirigido apropiadamente, que tenga suficiente franqueo y que el matasellos esté fechado a más tardar en la fecha de vencimiento. Tax forms 1040ez Si se envía mediante un servicio de entrega privado aprobado por el IRS, la misma se tiene que enviar a más tardar en la fecha de vencimiento. Tax forms 1040ez Vea el tema Servicios de entrega privados en Recordatorios. Tax forms 1040ez A continuación encontrará una lista de las fechas y responsabilidades más importantes para usted. Tax forms 1040ez Además, vea la Publicación 509, Tax Calendars (Calendarios contributivos), en inglés, para más información. Tax forms 1040ez Para el 31 de enero:  Entregue a los empleados sus comprobantes de retención. Tax forms 1040ez Entréguele a cada empleado un Formulario 499R-2/W-2PR, Comprobante de Retención, debidamente completado. Tax forms 1040ez Vea el apartado 13 . Tax forms 1040ez Radique el Formulario 943-PR, Planilla para la Declaración ANUAL de la Contribución Federal del Patrono de Empleados Agrícolas, ante el IRS. Tax forms 1040ez Si depositó a tiempo la contribución correspondiente al Formulario 943-PR en su totalidad, tendrá hasta 10 días naturales adicionales a partir de la fecha de vencimiento indicada anteriormente para radicar su Formulario 943-PR. Tax forms 1040ez Radique el Formulario 940-PR, Planilla para la Declaración Federal ANUAL del Patrono de la Contribución Federal para el Desempleo (FUTA), ante el IRS. Tax forms 1040ez Pague o deposite todo saldo adeudado (si es más de $500). Tax forms 1040ez Si depositó el total de las contribuciones adeudadas a su debido tiempo, tendrá hasta 10 días naturales adicionales a partir de la fecha de vencimiento indicada anteriormente para radicar el Formulario 940-PR. Tax forms 1040ez Si antes radicaba el Formulario 944-PR, radique ahora el Formulario 944(SP), Declaración Federal ANUAL de Impuestos del Patrono o Empleador (o el Formulario 944, en inglés), ante el IRS si el mismo le notificó que debe radicar el Formulario 944(SP) en lugar de los Formularios 941-PR trimestrales. Tax forms 1040ez Si depositó la cantidad total de contribuciones conforme a la fecha de vencimiento de éstas, tendrá 10 días naturales adicionales a partir de la fecha de vencimiento indicada anteriormente para radicar el Formulario 944(SP). Tax forms 1040ez Para el 28 de febrero. Tax forms 1040ez   Radique los comprobantes de retención ante la Administración del Seguro Social (SSA, por sus siglas en inglés). Tax forms 1040ez Radique el Original del Formulario 499R-2/W-2PR, junto con el Formulario W-3PR, Informe de Comprobantes de Retención, ante la SSA. Tax forms 1040ez Para las planillas radicadas por vías electrónicas, vea el siguiente tema. Tax forms 1040ez Para el 31 de marzo. Tax forms 1040ez  Radique el Formulario 499R-2/W-2PR por vías electrónicas (y no por medios magnéticos o en papel) ante la SSA. Tax forms 1040ez Sin embargo, puede transmitir un archivo electrónico por medio de Internet. Tax forms 1040ez Vea Employer W-2 Filing Instructions & Information (Instrucciones e información para patronos sobre la radicación de Formularios W-2), en inglés, en el sitio web www. Tax forms 1040ez socialsecurity. Tax forms 1040ez gov/employer de la SSA para más información. Tax forms 1040ez Para el 30 de abril, 31 de julio, 31 de octubre y 31 de enero. Tax forms 1040ez  Radique el Formulario 941-PR trimestralmente ante el IRS. Tax forms 1040ez Si depositó el total de las contribuciones adeudadas a su debido tiempo, tendrá hasta 10 días naturales adicionales a partir de las fechas de vencimiento indicadas anteriormente para radicar el Formulario 941-PR. Tax forms 1040ez No radique los Formularios 941-PR para dichos trimestres si el IRS le ha informado que debe radicar el Formulario 944(SP). Tax forms 1040ez Deposite la contribución FUTA para el trimestre (incluyendo toda cantidad trasladada de un trimestre anterior) si la cantidad adeudada es más de $500. Tax forms 1040ez Si es de $500 o menos, traspásela al trimestre siguiente. Tax forms 1040ez Vea el apartado 10 , para más información. Tax forms 1040ez Introduction Esta publicación deberá ser usada por patronos cuyo negocio principal está ubicado en Puerto Rico o que tienen empleados cuyos ingresos están sujetos a retención de la contribución estatal sobre los ingresos de Puerto Rico. Tax forms 1040ez Generalmente, tanto los patronos como los empleados en Puerto Rico están sujetos a las contribuciones al Seguro Social y al seguro Medicare, conforme a la Federal Insurance Contributions Act (Ley de Contribuciones Federales al Seguro Social o FICA, por sus siglas en inglés). Tax forms 1040ez Esta publicación resume las responsabilidades que tiene el patrono en cuanto al cobro, pago y declaración de dichas contribuciones. Tax forms 1040ez Dondequiera que en esta publicación se use el término “Estados Unidos”, el mismo incluye a Puerto Rico, las Islas Vírgenes y los territorios autónomos y territorios no autónomos de los Estados Unidos. Tax forms 1040ez Las secciones a las cuales se hace referencia en esta publicación corresponden al Código Federal de Rentas Internas, a menos que se indique lo contrario. Tax forms 1040ez Esta publicación también proporciona a dichos patronos un resumen de sus responsabilidades en relación con las contribuciones bajo la Federal Unemployment Tax Act (Ley Federal de Contribución para el Desempleo o FUTA, por sus siglas en inglés). Tax forms 1040ez Vea los apartados 9 y 10 . Tax forms 1040ez Excepto por lo indicado en las tablas que se hallan en el apartado 15 , esas contribuciones corresponden a todo patrono que pague salarios tributables a empleados o que tenga empleados que declaran propinas. Tax forms 1040ez En esta publicación no se incluye información relacionada con las contribuciones del trabajo por cuenta propia (Seguro Social y Medicare para personas que trabajan por cuenta propia). Tax forms 1040ez Si necesita información sobre estas contribuciones, comuníquese con la oficina del IRS en Guaynabo o vea la Publicación 570, Tax Guide for Individuals With Income From U. Tax forms 1040ez S. Tax forms 1040ez Possessions (Guía tributaria para individuos con ingresos de fuentes en los territorios estadounidenses), en inglés. Tax forms 1040ez Contribuciones sobre los ingresos de Puerto Rico. Tax forms 1040ez   Esta publicación no incluye información relacionada con la retención de contribuciones federales sobre los ingresos. Tax forms 1040ez Ésta sólo trata las contribuciones sobre la nómina para patronos que están en Puerto Rico. Tax forms 1040ez   Si desea obtener información acerca de la contribución sobre ingresos de Puerto Rico, consulte con el Departamento de Hacienda de Puerto Rico. Tax forms 1040ez Las personas que trabajan amparadas bajo el programa del Seguro Social elijen un plan de protección para sus familias y para sí mismas. Tax forms 1040ez Entidades no consideradas como separadas de sus dueños y compañías subsidarias calificadas conforme al subcapítulo S (QSubs). Tax forms 1040ez   Las entidades no consideradas como separadas de sus dueños (disregarded entities) que tienen un solo dueño y que cumplen los requisitos y las compañías subsidiarias calificadas conforme al subcapítulo S (QSubs, por sus siglas en inglés), son tratadas como si fueran entidades separadas de su dueño para propósitos de las contribuciones sobre la nómina. Tax forms 1040ez Las entidades no consideradas como separadas de sus dueños que tienen un solo dueño y que cumplen los requisitos y no han optado por ser tratadas como corporación, tiene que declarar y pagar la contribución sobre la nómina correspondiente a los salarios de los empleados utilizando el nombre y EIN de dicha entidad. Tax forms 1040ez Vea la sección 1. Tax forms 1040ez 1361-4(a)(7) y la sección 301. Tax forms 1040ez 7701-2(c)(2)(iv) de los Reglamentos, en inglés. Tax forms 1040ez Crédito de asistencia para las primas de COBRA. Tax forms 1040ez   La Consolidated Omnibus Budget Reconciliation Act of 1985 (Ley de Conciliación de Asignaciones del Presupuesto de 1985 o COBRA, por sus siglas en inglés) les provee a ciertos ex empleados, jubilados, cónyuges, ex cónyuges e hijos dependientes el derecho a recibir temporalmente cobertura de salud a tarifas especiales para grupos. Tax forms 1040ez La ley COBRA, por lo general, cubre los planes de salud que incluyen a múltiples patronos y planes de salud que son mantenidos por patronos de la empresa privada (que no son iglesias) que tengan 20 o más empleados a tiempo completo o parcial. Tax forms 1040ez A dichos planes les corresponden ciertos requisitos conforme a la Employee Retirement Income Security Act of 1974 (Ley para la Protección de los Ingresos de Jubilación para los Empleados de 1974 o ERISA, por sus siglas en inglés). Tax forms 1040ez Conforme a la Public Health Service Act (Ley sobre el Servicio de Salud Pública), los requisitos del programa COBRA también le corresponden a los planes de salud que cubren a los empleados gubernamentales estatales y municipales. Tax forms 1040ez Requisitos similares corresponden conforme al Federal Employees Health Benefits Program (Programa de Seguro Médico para los Empleados Federales (FEHBP, por sus siglas en inglés)) y ciertas leyes estatales. Tax forms 1040ez Para tratar a la asistencia (o subsidio) para las primas de COBRA que se explican a continuación, a todos estos requisitos se les refiere como “requisitos de COBRA ”. Tax forms 1040ez   La ley American Recovery and Reinvestment Act of 2009 (Ley de Recuperación y Reinversión Económica Estadounidense de 2009 o ARRA, por sus siglas en inglés) permite un crédito contra las contribuciones sobre la paga (dichas contribuciones se denominan “contribuciones sobre la nómina” en esta publicación), para proveer asistencia para las primas de COBRA a individuos que cumplen con los requisitos para recibir dicha asistencia. Tax forms 1040ez Para los períodos de continuidad de cobertura COBRA que comienzan después del 16 de febrero de 2009, un plan de salud colectivo tiene que tratar a un individuo que reúne los requisitos para la asistencia como si hubiese pagado la prima de COBRA para la continuidad de cobertura requerida si el individuo optó por la cobertura COBRA y paga el 35% de la cantidad de la prima. Tax forms 1040ez   Un individuo que reúne los requisitos para la asistencia es un beneficiario calificado que cumple con los requisitos para la continuidad de la cobertura COBRA durante el período que comienza el 1 de septiembre de 2008, y que termina el 31 de mayo de 2010, debido al cese involuntario de empleo de un empleado amparado por la cobertura durante el período y que opta por la continuidad de la cobertura de COBRA. Tax forms 1040ez La asistencia para mantener la cobertura puede durar hasta 15 meses. Tax forms 1040ez   Los empleados que fueron despedidos durante el período que comienza el 1 septiembre de 2008 y que termina el 31 de mayo de 2010, y recibieron ofertas de indemnización que retrasaron el inicio de la continuación de cobertura COBRA, pueden ser elegibles para recibir asistencia con las primas para la continuación de cobertura COBRA. Tax forms 1040ez Para más información, vea Notice 2009-27 (Avisio 2009-27) que aparece en la página 838 del Internal Revenue Bulletin (Boletín de Rentas Internas 2009-16), en inglés, disponible en www. Tax forms 1040ez irs. Tax forms 1040ez gov/irb/2009-16_irb/ar09. Tax forms 1040ez html. Tax forms 1040ez   Los administradores de planes de salud colectivos (u otras entidades) que proveen o administran la continuación de la cobertura COBRA, tienen que notificarle a los individuos que cumplen con los requisitos para la asistencia de las primas de COBRA de que tienen derecho a dicha cobertura. Tax forms 1040ez   El 65% de la prima que no es pagada por las personas que reúnen los requisitos para la asistencia se le reembolsa a los patronos que mantienen el plan de salud colectivo. Tax forms 1040ez El reembolso se hace por medio de un crédito que se le aplica a las obligaciones de las contribuciones sobre la nómina del patrono. Tax forms 1040ez Para obtener información sobre cómo reclamar el crédito, vea las Instrucciones para el Formulario 941-PR o las Instrucciones para el Formulario 944(SP). Tax forms 1040ez El crédito se le trata como un depósito hecho en el primer día del período de la planilla (trimestre o año). Tax forms 1040ez En el caso de un plan que cubre a múltiples patronos, el crédito es reclamado por el plan, en vez del patrono. Tax forms 1040ez En el caso de un plan asegurado que está sujeto a los requisitos estatales para la continuidad de cobertura, el crédito es reclamado por la compañía de seguros, en vez del patrono. Tax forms 1040ez   Todo individuo o entidad que reclama el crédito por los pagos para la asistencia COBRA tiene que conservar la siguiente información para comprobar su reclamación: Información sobre el recibo, incluyendo fechas y cantidades, de la parte del 35% de la prima que le corresponde a la persona que reúne los requisitos para la asistencia. Tax forms 1040ez En el caso de un plan de seguro, una copia de la factura u otro documento comprobante emitido por la compañía aseguradora y prueba del pago a tiempo de la prima completa hecho a la compañía aseguradora que se requiere conforme los requisitos para la cobertura COBRA. Tax forms 1040ez En el caso de un plan autoasegurado, documentos que comprueban la cantidad de la prima y la cobertura provista a las personas que reúnen los requisitos para la asistencia. Tax forms 1040ez Atestiguación del cese involuntario, incluyendo la fecha de cesación (despido) involuntario para cada empleado amparado por la cobertura cuyo despido involuntario es la base para el derecho al subsidio. Tax forms 1040ez Prueba de que cada persona reúne los requisitos para la asistencia de la cobertura COBRA y de que ha optado por dicha cobertura. Tax forms 1040ez Un registro que tenga los números de Seguro Social de todos los empleados con cobertura, la cantidad del subsidio reembolsado con respecto a cada empleado con cobertura y que indique si el subsidio se debe a una persona o a dos o más personas. Tax forms 1040ez   Para más información, visite IRS. Tax forms 1040ez gov y escriba “COBRA” en la casilla Search (Buscar). Tax forms 1040ez La información está disponible en inglés. Tax forms 1040ez Ayuda para radicar documentos ante la SSA. Tax forms 1040ez   Si necesita ayuda en español para radicar sus formularios contributivos ante la SSA (esto incluye la solicitud de un número de identificación personal (PIN, por sus siglas en inglés)), llame a la SSA al 1-800-772-6270. Tax forms 1040ez Elegibilidad para empleo. Tax forms 1040ez   Usted tiene que verificar que cada empleado nuevo tenga derecho a trabajar legalmente en los Estados Unidos. Tax forms 1040ez Esto incluye completar el Formulario I-9, Employment Eligibility Verification (Verificación de elegibilidad para empleo), disponible en español, del Servicio de Ciudadanía e Inmigración de Estados Unidos (USCIS, por sus siglas en inglés). Tax forms 1040ez Puede obtener el formulario llamando al USCIS al 1-800-870-3676. Tax forms 1040ez Si desea más información, comuníquese con el USCIS al 1-800-375-5283 o visite la página web de USCIS en www. Tax forms 1040ez uscis. Tax forms 1040ez gov/espanol. Tax forms 1040ez Prev  Up  Next   Home   More Online Publications
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The Tax Forms 1040ez

Tax forms 1040ez 1. Tax forms 1040ez   Deducting Business Expenses Table of Contents What's New Introduction Topics - This chapter discusses: Useful Items - You may want to see: What Can I Deduct?Cost of Goods Sold Capital Expenses Capital versus Deductible Expenses Personal versus Business Expenses How Much Can I Deduct?Not-for-profit limits. Tax forms 1040ez At-risk limits. Tax forms 1040ez Passive activities. Tax forms 1040ez Net operating loss. Tax forms 1040ez When Can I Deduct an Expense?Economic performance. Tax forms 1040ez Not-for-Profit ActivitiesGross Income Limit on Deductions What's New Optional safe harbor method to determine the business use of a home deduction. Tax forms 1040ez  Beginning in 2013, you can use the optional safe harbor method to determine the deduction for the business use of your home. Tax forms 1040ez See Optional safe harbor method under Business use of your home , later. Tax forms 1040ez Introduction This chapter covers the general rules for deducting business expenses. Tax forms 1040ez Business expenses are the costs of carrying on a trade or business, and they are usually deductible if the business is operated to make a profit. Tax forms 1040ez Topics - This chapter discusses: What you can deduct How much you can deduct When you can deduct Not-for-profit activities Useful Items - You may want to see: Publication 334 Tax Guide for Small Business 463 Travel, Entertainment, Gift, and Car Expenses 525 Taxable and Nontaxable Income 529 Miscellaneous Deductions 536 Net Operating Losses (NOLs) for Individuals, Estates, and Trusts 538 Accounting Periods and Methods 542 Corporations 547 Casualties, Disasters, and Thefts 587 Business Use of Your Home 925 Passive Activity and At-Risk Rules 936 Home Mortgage Interest Deduction 946 How To Depreciate Property Form (and Instructions) Sch A (Form 1040) Itemized Deductions 5213 Election To Postpone Determination as To Whether the Presumption Applies That an Activity Is Engaged in for Profit See chapter 12 for information about getting publications and forms. Tax forms 1040ez What Can I Deduct? To be deductible, a business expense must be both ordinary and necessary. Tax forms 1040ez An ordinary expense is one that is common and accepted in your industry. Tax forms 1040ez A necessary expense is one that is helpful and appropriate for your trade or business. Tax forms 1040ez An expense does not have to be indispensable to be considered necessary. Tax forms 1040ez Even though an expense may be ordinary and necessary, you may not be allowed to deduct the expense in the year you paid or incurred it. Tax forms 1040ez In some cases you may not be allowed to deduct the expense at all. Tax forms 1040ez Therefore, it is important to distinguish usual business expenses from expenses that include the following. Tax forms 1040ez The expenses used to figure cost of goods sold, Capital expenses, and Personal expenses. Tax forms 1040ez Cost of Goods Sold If your business manufactures products or purchases them for resale, you generally must value inventory at the beginning and end of each tax year to determine your cost of goods sold. Tax forms 1040ez Some of your business expenses may be included in figuring cost of goods sold. Tax forms 1040ez Cost of goods sold is deducted from your gross receipts to figure your gross profit for the year. Tax forms 1040ez If you include an expense in the cost of goods sold, you cannot deduct it again as a business expense. Tax forms 1040ez The following are types of expenses that go into figuring cost of goods sold. Tax forms 1040ez The cost of products or raw materials, including freight. Tax forms 1040ez Storage. Tax forms 1040ez Direct labor (including contributions to pension or annuity plans) for workers who produce the products. Tax forms 1040ez Factory overhead. Tax forms 1040ez Under the uniform capitalization rules, you must capitalize the direct costs and part of the indirect costs for certain production or resale activities. Tax forms 1040ez Indirect costs include rent, interest, taxes, storage, purchasing, processing, repackaging, handling, and administrative costs. Tax forms 1040ez This rule does not apply to personal property you acquire for resale if your average annual gross receipts (or those of your predecessor) for the preceding 3 tax years are not more than $10 million. Tax forms 1040ez For more information, see the following sources. Tax forms 1040ez Cost of goods sold—chapter 6 of Publication 334. Tax forms 1040ez Inventories—Publication 538. Tax forms 1040ez Uniform capitalization rules—Publication 538 and section 263A of the Internal Revenue Code and the related regulations. Tax forms 1040ez Capital Expenses You must capitalize, rather than deduct, some costs. Tax forms 1040ez These costs are a part of your investment in your business and are called “capital expenses. Tax forms 1040ez ” Capital expenses are considered assets in your business. Tax forms 1040ez In general, you capitalize three types of costs. Tax forms 1040ez Business start-up costs (See Tip below). Tax forms 1040ez Business assets. Tax forms 1040ez Improvements. Tax forms 1040ez You can elect to deduct or amortize certain business start-up costs. Tax forms 1040ez See chapters 7 and 8. Tax forms 1040ez Cost recovery. Tax forms 1040ez   Although you generally cannot take a current deduction for a capital expense, you may be able to recover the amount you spend through depreciation, amortization, or depletion. Tax forms 1040ez These recovery methods allow you to deduct part of your cost each year. Tax forms 1040ez In this way, you are able to recover your capital expense. Tax forms 1040ez See Amortization (chapter 8) and Depletion (chapter 9) in this publication. Tax forms 1040ez A taxpayer can elect to deduct a portion of the costs of certain depreciable property as a section 179 deduction. Tax forms 1040ez A greater portion of these costs can be deducted if the property is qualified disaster assistance property. Tax forms 1040ez See Publication 946 for details. Tax forms 1040ez Going Into Business The costs of getting started in business, before you actually begin business operations, are capital expenses. Tax forms 1040ez These costs may include expenses for advertising, travel, or wages for training employees. Tax forms 1040ez If you go into business. Tax forms 1040ez   When you go into business, treat all costs you had to get your business started as capital expenses. Tax forms 1040ez   Usually you recover costs for a particular asset through depreciation. Tax forms 1040ez Generally, you cannot recover other costs until you sell the business or otherwise go out of business. Tax forms 1040ez However, you can choose to amortize certain costs for setting up your business. Tax forms 1040ez See Starting a Business in chapter 8 for more information on business start-up costs. Tax forms 1040ez If your attempt to go into business is unsuccessful. Tax forms 1040ez   If you are an individual and your attempt to go into business is not successful, the expenses you had in trying to establish yourself in business fall into two categories. Tax forms 1040ez The costs you had before making a decision to acquire or begin a specific business. Tax forms 1040ez These costs are personal and nondeductible. Tax forms 1040ez They include any costs incurred during a general search for, or preliminary investigation of, a business or investment possibility. Tax forms 1040ez The costs you had in your attempt to acquire or begin a specific business. Tax forms 1040ez These costs are capital expenses and you can deduct them as a capital loss. Tax forms 1040ez   If you are a corporation and your attempt to go into a new trade or business is not successful, you may be able to deduct all investigatory costs as a loss. Tax forms 1040ez   The costs of any assets acquired during your unsuccessful attempt to go into business are a part of your basis in the assets. Tax forms 1040ez You cannot take a deduction for these costs. Tax forms 1040ez You will recover the costs of these assets when you dispose of them. Tax forms 1040ez Business Assets There are many different kinds of business assets; for example, land, buildings, machinery, furniture, trucks, patents, and franchise rights. Tax forms 1040ez You must fully capitalize the cost of these assets, including freight and installation charges. Tax forms 1040ez Certain property you produce for use in your trade or business must be capitalized under the uniform capitalization rules. Tax forms 1040ez See Regulations section 1. Tax forms 1040ez 263A-2 for information on these rules. Tax forms 1040ez Improvements Improvements are generally major expenditures. Tax forms 1040ez Some examples are: new electric wiring, a new roof, a new floor, new plumbing, bricking up windows to strengthen a wall, and lighting improvements. Tax forms 1040ez The costs of making improvements to a business asset are capital expenses if the improvements add to the value of the asset, appreciably lengthen the time you can use it, or adapt it to a different use. Tax forms 1040ez Beginning in 2014, you must capitalize as improvements costs that are for the betterment of a unit of property, restore the unit of property, or adapt the unit of property to a new or different use. Tax forms 1040ez Temporary regulations allow you to capitalize costs meeting the above criteria for tax years beginning after 2011. Tax forms 1040ez However, you can currently deduct repairs that keep your property in a normal efficient operating condition as a business expense. Tax forms 1040ez Treat as repairs amounts paid to replace parts of a machine that only keep it in a normal operating condition. Tax forms 1040ez Restoration plan. Tax forms 1040ez   Capitalize the cost of reconditioning, improving, or altering your property as part of a general restoration plan to make it suitable for your business. Tax forms 1040ez This applies even if some of the work would by itself be classified as repairs. Tax forms 1040ez Capital versus Deductible Expenses To help you distinguish between capital and deductible expenses, different examples are given below. Tax forms 1040ez Motor vehicles. Tax forms 1040ez   You usually capitalize the cost of a motor vehicle you use in your business. Tax forms 1040ez You can recover its cost through annual deductions for depreciation. Tax forms 1040ez   There are dollar limits on the depreciation you can claim each year on passenger automobiles used in your business. Tax forms 1040ez See Publication 463. Tax forms 1040ez   Generally, repairs you make to your business vehicle are currently deductible. Tax forms 1040ez However, amounts you pay to recondition and overhaul a business vehicle are capital expenses and are recovered through depreciation. Tax forms 1040ez Roads and driveways. Tax forms 1040ez    The cost of building a private road on your business property and the cost of replacing a gravel driveway with a concrete one are capital expenses you may be able to depreciate. Tax forms 1040ez The cost of maintaining a private road on your business property is a deductible expense. Tax forms 1040ez Tools. Tax forms 1040ez   Unless the uniform capitalization rules apply, amounts spent for tools used in your business are deductible expenses if the tools have a life expectancy of less than 1 year or their cost is minor. Tax forms 1040ez Machinery parts. Tax forms 1040ez   Unless the uniform capitalization rules apply, the cost of replacing short-lived parts of a machine to keep it in good working condition, but not add to its life, is a deductible expense. Tax forms 1040ez Heating equipment. Tax forms 1040ez   The cost of changing from one heating system to another is a capital expense. Tax forms 1040ez Personal versus Business Expenses Generally, you cannot deduct personal, living, or family expenses. Tax forms 1040ez However, if you have an expense for something that is used partly for business and partly for personal purposes, divide the total cost between the business and personal parts. Tax forms 1040ez You can deduct the business part. Tax forms 1040ez For example, if you borrow money and use 70% of it for business and the other 30% for a family vacation, you generally can deduct 70% of the interest as a business expense. Tax forms 1040ez The remaining 30% is personal interest and generally is not deductible. Tax forms 1040ez See chapter 4 for information on deducting interest and the allocation rules. Tax forms 1040ez Business use of your home. Tax forms 1040ez   If you use part of your home for business, you may be able to deduct expenses for the business use of your home. Tax forms 1040ez These expenses may include mortgage interest, insurance, utilities, repairs, and depreciation. Tax forms 1040ez   To qualify to claim expenses for the business use of your home, you must meet both of the following tests. Tax forms 1040ez The business part of your home must be used exclusively and regularly for your trade or business. Tax forms 1040ez The business part of your home must be: Your principal place of business, or A place where you meet or deal with patients, clients, or customers in the normal course of your trade or business, or A separate structure (not attached to your home) used in connection with your trade or business. Tax forms 1040ez   You generally do not have to meet the exclusive use test for the part of your home that you regularly use either for the storage of inventory or product samples, or as a daycare facility. Tax forms 1040ez   Your home office qualifies as your principal place of business if you meet the following requirements. Tax forms 1040ez You use the office exclusively and regularly for administrative or management activities of your trade or business. Tax forms 1040ez You have no other fixed location where you conduct substantial administrative or management activities of your trade or business. Tax forms 1040ez   If you have more than one business location, determine your principal place of business based on the following factors. Tax forms 1040ez The relative importance of the activities performed at each location. Tax forms 1040ez If the relative importance factor does not determine your principal place of business, consider the time spent at each location. Tax forms 1040ez Optional safe harbor method. Tax forms 1040ez   Beginning in 2013, individual taxpayers can use the optional safe harbor method to determine the amount of deductible expenses attributable to certain business use of a residence during the tax year. Tax forms 1040ez This method is an alternative to the calculation, allocation, and substantiation of actual expenses. Tax forms 1040ez   The deduction under the optional method is limited to $1,500 per year based on $5 a square foot for up to 300 square feet. Tax forms 1040ez Under this method, you claim your allowable mortgage interest, real estate taxes, and casualty losses on the home as itemized deductions on Schedule A (Form 1040). Tax forms 1040ez You are not required to allocate these deductions between personal and business use, as is required under the regular method. Tax forms 1040ez If you use the optional method, you cannot depreciate the portion of your home used in a trade or business. Tax forms 1040ez   Business expenses unrelated to the home, such as advertising, supplies, and wages paid to employees, are still fully deductible. Tax forms 1040ez All of the requirements discussed earlier under Business use of your home still apply. Tax forms 1040ez   For more information on the deduction for business use of your home, including the optional safe harbor method, see Publication 587. Tax forms 1040ez    If you were entitled to deduct depreciation on the part of your home used for business, you cannot exclude the part of the gain from the sale of your home that equals any depreciation you deducted (or could have deducted) for periods after May 6, 1997. Tax forms 1040ez Business use of your car. Tax forms 1040ez   If you use your car exclusively in your business, you can deduct car expenses. Tax forms 1040ez If you use your car for both business and personal purposes, you must divide your expenses based on actual mileage. Tax forms 1040ez Generally, commuting expenses between your home and your business location, within the area of your tax home, are not deductible. Tax forms 1040ez   You can deduct actual car expenses, which include depreciation (or lease payments), gas and oil, tires, repairs, tune-ups, insurance, and registration fees. Tax forms 1040ez Or, instead of figuring the business part of these actual expenses, you may be able to use the standard mileage rate to figure your deduction. Tax forms 1040ez Beginning in 2013, the standard mileage rate is 56. Tax forms 1040ez 5 cents per mile. Tax forms 1040ez   If you are self-employed, you can also deduct the business part of interest on your car loan, state and local personal property tax on the car, parking fees, and tolls, whether or not you claim the standard mileage rate. Tax forms 1040ez   For more information on car expenses and the rules for using the standard mileage rate, see Publication 463. Tax forms 1040ez How Much Can I Deduct? Generally, you can deduct the full amount of a business expense if it meets the criteria of ordinary and necessary and it is not a capital expense. Tax forms 1040ez Recovery of amount deducted (tax benefit rule). Tax forms 1040ez   If you recover part of an expense in the same tax year in which you would have claimed a deduction, reduce your current year expense by the amount of the recovery. Tax forms 1040ez If you have a recovery in a later year, include the recovered amount in income in that year. Tax forms 1040ez However, if part of the deduction for the expense did not reduce your tax, you do not have to include that part of the recovered amount in income. Tax forms 1040ez   For more information on recoveries and the tax benefit rule, see Publication 525. Tax forms 1040ez Payments in kind. Tax forms 1040ez   If you provide services to pay a business expense, the amount you can deduct is limited to your out-of-pocket costs. Tax forms 1040ez You cannot deduct the cost of your own labor. Tax forms 1040ez   Similarly, if you pay a business expense in goods or other property, you can deduct only what the property costs you. Tax forms 1040ez If these costs are included in the cost of goods sold, do not deduct them again as a business expense. Tax forms 1040ez Limits on losses. Tax forms 1040ez   If your deductions for an investment or business activity are more than the income it brings in, you have a loss. Tax forms 1040ez There may be limits on how much of the loss you can deduct. Tax forms 1040ez Not-for-profit limits. Tax forms 1040ez   If you carry on your business activity without the intention of making a profit, you cannot use a loss from it to offset other income. Tax forms 1040ez See Not-for-Profit Activities , later. Tax forms 1040ez At-risk limits. Tax forms 1040ez   Generally, a deductible loss from a trade or business or other income-producing activity is limited to the investment you have “at risk” in the activity. Tax forms 1040ez You are at risk in any activity for the following. Tax forms 1040ez The money and adjusted basis of property you contribute to the activity. Tax forms 1040ez Amounts you borrow for use in the activity if: You are personally liable for repayment, or You pledge property (other than property used in the activity) as security for the loan. Tax forms 1040ez For more information, see Publication 925. Tax forms 1040ez Passive activities. Tax forms 1040ez   Generally, you are in a passive activity if you have a trade or business activity in which you do not materially participate, or a rental activity. Tax forms 1040ez In general, deductions for losses from passive activities only offset income from passive activities. Tax forms 1040ez You cannot use any excess deductions to offset other income. Tax forms 1040ez In addition, passive activity credits can only offset the tax on net passive income. Tax forms 1040ez Any excess loss or credits are carried over to later years. Tax forms 1040ez Suspended passive losses are fully deductible in the year you completely dispose of the activity. Tax forms 1040ez For more information, see Publication 925. Tax forms 1040ez Net operating loss. Tax forms 1040ez   If your deductions are more than your income for the year, you may have a “net operating loss. Tax forms 1040ez ” You can use a net operating loss to lower your taxes in other years. Tax forms 1040ez See Publication 536 for more information. Tax forms 1040ez   See Publication 542 for information about net operating losses of corporations. Tax forms 1040ez When Can I Deduct an Expense? When you can deduct an expense depends on your accounting method. Tax forms 1040ez An accounting method is a set of rules used to determine when and how income and expenses are reported. Tax forms 1040ez The two basic methods are the cash method and the accrual method. Tax forms 1040ez Whichever method you choose must clearly reflect income. Tax forms 1040ez For more information on accounting methods, see Publication 538. Tax forms 1040ez Cash method. Tax forms 1040ez   Under the cash method of accounting, you generally deduct business expenses in the tax year you pay them. Tax forms 1040ez Accrual method. Tax forms 1040ez   Under an accrual method of accounting, you generally deduct business expenses when both of the following apply. Tax forms 1040ez The all-events test has been met. Tax forms 1040ez The test is met when: All events have occurred that fix the fact of liability, and The liability can be determined with reasonable accuracy. Tax forms 1040ez Economic performance has occurred. Tax forms 1040ez Economic performance. Tax forms 1040ez   You generally cannot deduct or capitalize a business expense until economic performance occurs. Tax forms 1040ez If your expense is for property or services provided to you, or for your use of property, economic performance occurs as the property or services are provided, or the property is used. Tax forms 1040ez If your expense is for property or services you provide to others, economic performance occurs as you provide the property or services. Tax forms 1040ez Example. Tax forms 1040ez Your tax year is the calendar year. Tax forms 1040ez In December 2013, the Field Plumbing Company did some repair work at your place of business and sent you a bill for $600. Tax forms 1040ez You paid it by check in January 2014. Tax forms 1040ez If you use the accrual method of accounting, deduct the $600 on your tax return for 2013 because all events have occurred to “fix” the fact of liability (in this case the work was completed), the liability can be determined, and economic performance occurred in that year. Tax forms 1040ez If you use the cash method of accounting, deduct the expense on your 2014 return. Tax forms 1040ez Prepayment. Tax forms 1040ez   You generally cannot deduct expenses in advance, even if you pay them in advance. Tax forms 1040ez This rule applies to both the cash and accrual methods. Tax forms 1040ez It applies to prepaid interest, prepaid insurance premiums, and any other expense paid far enough in advance to, in effect, create an asset with a useful life extending substantially beyond the end of the current tax year. Tax forms 1040ez Example. Tax forms 1040ez In 2013, you sign a 10-year lease and immediately pay your rent for the first 3 years. Tax forms 1040ez Even though you paid the rent for 2013, 2014, and 2015, you can only deduct the rent for 2013 on your 2013 tax return. Tax forms 1040ez You can deduct the rent for 2014 and 2015 on your tax returns for those years. Tax forms 1040ez Contested liability. Tax forms 1040ez   Under the cash method, you can deduct a contested liability only in the year you pay the liability. Tax forms 1040ez Under the accrual method, you can deduct contested liabilities such as taxes (except foreign or U. Tax forms 1040ez S. Tax forms 1040ez possession income, war profits, and excess profits taxes) either in the tax year you pay the liability (or transfer money or other property to satisfy the obligation) or in the tax year you settle the contest. Tax forms 1040ez However, to take the deduction in the year of payment or transfer, you must meet certain conditions. Tax forms 1040ez See Regulations section 1. Tax forms 1040ez 461-2. Tax forms 1040ez Related person. Tax forms 1040ez   Under an accrual method of accounting, you generally deduct expenses when you incur them, even if you have not yet paid them. Tax forms 1040ez However, if you and the person you owe are related and that person uses the cash method of accounting, you must pay the expense before you can deduct it. Tax forms 1040ez Your deduction is allowed when the amount is includible in income by the related cash method payee. Tax forms 1040ez See Related Persons in Publication 538. Tax forms 1040ez Not-for-Profit Activities If you do not carry on your business or investment activity to make a profit, you cannot use a loss from the activity to offset other income. Tax forms 1040ez Activities you do as a hobby, or mainly for sport or recreation, are often not entered into for profit. Tax forms 1040ez The limit on not-for-profit losses applies to individuals, partnerships, estates, trusts, and S corporations. Tax forms 1040ez It does not apply to corporations other than S corporations. Tax forms 1040ez In determining whether you are carrying on an activity for profit, several factors are taken into account. Tax forms 1040ez No one factor alone is decisive. Tax forms 1040ez Among the factors to consider are whether: You carry on the activity in a businesslike manner, The time and effort you put into the activity indicate you intend to make it profitable, You depend on the income for your livelihood, Your losses are due to circumstances beyond your control (or are normal in the start-up phase of your type of business), You change your methods of operation in an attempt to improve profitability, You (or your advisors) have the knowledge needed to carry on the activity as a successful business, You were successful in making a profit in similar activities in the past, The activity makes a profit in some years, and You can expect to make a future profit from the appreciation of the assets used in the activity. Tax forms 1040ez Presumption of profit. Tax forms 1040ez   An activity is presumed carried on for profit if it produced a profit in at least 3 of the last 5 tax years, including the current year. Tax forms 1040ez Activities that consist primarily of breeding, training, showing, or racing horses are presumed carried on for profit if they produced a profit in at least 2 of the last 7 tax years, including the current year. Tax forms 1040ez The activity must be substantially the same for each year within this period. Tax forms 1040ez You have a profit when the gross income from an activity exceeds the deductions. Tax forms 1040ez   If a taxpayer dies before the end of the 5-year (or 7-year) period, the “test” period ends on the date of the taxpayer's death. Tax forms 1040ez   If your business or investment activity passes this 3- (or 2-) years-of-profit test, the IRS will presume it is carried on for profit. Tax forms 1040ez This means the limits discussed here will not apply. Tax forms 1040ez You can take all your business deductions from the activity, even for the years that you have a loss. Tax forms 1040ez You can rely on this presumption unless the IRS later shows it to be invalid. Tax forms 1040ez Using the presumption later. Tax forms 1040ez   If you are starting an activity and do not have 3 (or 2) years showing a profit, you can elect to have the presumption made after you have the 5 (or 7) years of experience allowed by the test. Tax forms 1040ez   You can elect to do this by filing Form 5213. Tax forms 1040ez Filing this form postpones any determination that your activity is not carried on for profit until 5 (or 7) years have passed since you started the activity. Tax forms 1040ez   The benefit gained by making this election is that the IRS will not immediately question whether your activity is engaged in for profit. Tax forms 1040ez Accordingly, it will not restrict your deductions. Tax forms 1040ez Rather, you will gain time to earn a profit in the required number of years. Tax forms 1040ez If you show 3 (or 2) years of profit at the end of this period, your deductions are not limited under these rules. Tax forms 1040ez If you do not have 3 (or 2) years of profit, the limit can be applied retroactively to any year with a loss in the 5-year (or 7-year) period. Tax forms 1040ez   Filing Form 5213 automatically extends the period of limitations on any year in the 5-year (or 7-year) period to 2 years after the due date of the return for the last year of the period. Tax forms 1040ez The period is extended only for deductions of the activity and any related deductions that might be affected. Tax forms 1040ez    You must file Form 5213 within 3 years after the due date of your return (determined without extensions) for the year in which you first carried on the activity, or, if earlier, within 60 days after receiving written notice from the Internal Revenue Service proposing to disallow deductions attributable to the activity. Tax forms 1040ez Gross Income Gross income from a not-for-profit activity includes the total of all gains from the sale, exchange, or other disposition of property, and all other gross receipts derived from the activity. Tax forms 1040ez Gross income from the activity also includes capital gains and rents received for the use of property which is held in connection with the activity. Tax forms 1040ez You can determine gross income from any not-for-profit activity by subtracting the cost of goods sold from your gross receipts. Tax forms 1040ez However, if you determine gross income by subtracting cost of goods sold from gross receipts, you must do so consistently, and in a manner that follows generally accepted methods of accounting. Tax forms 1040ez Limit on Deductions If your activity is not carried on for profit, take deductions in the following order and only to the extent stated in the three categories. Tax forms 1040ez If you are an individual, these deductions may be taken only if you itemize. Tax forms 1040ez These deductions may be taken on Schedule A (Form 1040). Tax forms 1040ez Category 1. Tax forms 1040ez   Deductions you can take for personal as well as for business activities are allowed in full. Tax forms 1040ez For individuals, all nonbusiness deductions, such as those for home mortgage interest, taxes, and casualty losses, belong in this category. Tax forms 1040ez Deduct them on the appropriate lines of Schedule A (Form 1040). Tax forms 1040ez For tax years beginning after December 31, 2008, you can deduct a casualty loss on property you own for personal use only to the extent it is more than $500 and exceeds 10% of your adjusted gross income (AGI). Tax forms 1040ez The 10% AGI limitation does not apply to net disaster losses resulting from federally declared disasters in 2008 and 2009, and individuals are allowed to claim the net disaster losses even if they do not itemize their deductions. Tax forms 1040ez The reduction amount returns to $100 for tax years beginning after December 31, 2009. Tax forms 1040ez See Publication 547 for more information on casualty losses. Tax forms 1040ez For the limits that apply to home mortgage interest, see Publication 936. Tax forms 1040ez Category 2. Tax forms 1040ez   Deductions that do not result in an adjustment to the basis of property are allowed next, but only to the extent your gross income from the activity is more than your deductions under the first category. Tax forms 1040ez Most business deductions, such as those for advertising, insurance premiums, interest, utilities, and wages, belong in this category. Tax forms 1040ez Category 3. Tax forms 1040ez   Business deductions that decrease the basis of property are allowed last, but only to the extent the gross income from the activity exceeds the deductions you take under the first two categories. Tax forms 1040ez Deductions for depreciation, amortization, and the part of a casualty loss an individual could not deduct in category (1) belong in this category. Tax forms 1040ez Where more than one asset is involved, allocate depreciation and these other deductions proportionally. Tax forms 1040ez    Individuals must claim the amounts in categories (2) and (3) as miscellaneous deductions on Schedule A (Form 1040). Tax forms 1040ez They are subject to the 2%-of-adjusted-gross-income limit. Tax forms 1040ez See Publication 529 for information on this limit. Tax forms 1040ez Example. Tax forms 1040ez Adriana is engaged in a not-for-profit activity. Tax forms 1040ez The income and expenses of the activity are as follows. Tax forms 1040ez Gross income $3,200 Subtract:     Real estate taxes $700   Home mortgage interest 900   Insurance 400   Utilities 700   Maintenance 200   Depreciation on an automobile 600   Depreciation on a machine 200 3,700 Loss $(500)   Adriana must limit her deductions to $3,200, the gross income she earned from the activity. Tax forms 1040ez The limit is reached in category (3), as follows. Tax forms 1040ez Limit on deduction $3,200 Category 1: Taxes and interest $1,600   Category 2: Insurance, utilities, and maintenance 1,300 2,900 Available for Category 3 $ 300   The $800 of depreciation is allocated between the automobile and machine as follows. Tax forms 1040ez $600 $800 x $300 = $225 depreciation for the automobile             $200 $800 x $300 = $75 depreciation for the machine The basis of each asset is reduced accordingly. Tax forms 1040ez Adriana includes the $3,200 of gross income on line 21 (other income) of Form 1040. Tax forms 1040ez The $1,600 for category (1) is deductible in full on the appropriate lines for taxes and interest on Schedule A (Form 1040). Tax forms 1040ez Adriana deducts the remaining $1,600 ($1,300 for category (2) and $300 for category (3)) as other miscellaneous deductions on Schedule A (Form 1040) subject to the 2%-of-adjusted-gross-income limit. Tax forms 1040ez Partnerships and S corporations. Tax forms 1040ez   If a partnership or S corporation carries on a not-for-profit activity, these limits apply at the partnership or S corporation level. Tax forms 1040ez They are reflected in the individual shareholder's or partner's distributive shares. Tax forms 1040ez More than one activity. Tax forms 1040ez   If you have several undertakings, each may be a separate activity or several undertakings may be combined. Tax forms 1040ez The following are the most significant facts and circumstances in making this determination. Tax forms 1040ez The degree of organizational and economic interrelationship of various undertakings. Tax forms 1040ez The business purpose that is (or might be) served by carrying on the various undertakings separately or together in a business or investment setting. Tax forms 1040ez The similarity of the undertakings. Tax forms 1040ez   The IRS will generally accept your characterization if it is supported by facts and circumstances. Tax forms 1040ez    If you are carrying on two or more different activities, keep the deductions and income from each one separate. Tax forms 1040ez Figure separately whether each is a not-for-profit activity. Tax forms 1040ez Then figure the limit on deductions and losses separately for each activity that is not for profit. Tax forms 1040ez Prev  Up  Next   Home   More Online Publications