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

Tax Forms 1040x

140ezInternal Revenue Tax Forms 2010Ny State Tax Forms 2011Where To File Federal Tax Return 20112011 Tax ReturnTax Software 2012Irs Ez FileHow Do I Amend My 2010 TaxesWhere To File Your State Taxes For FreeFree 2006 Tax SoftwareHow Long Does An Amended Tax Return TakeAmending My 2012 Tax ReturnFile A 1040ez OnlineH&r Block Free StateMyfreetaxes Com MaineIrs Form 1040ez 2013Free Irs EfileTax File ExtensionFile 1040ezPa 1040ezFree E File Federal And State Tax ReturnTax Penalty UnderpaymentFile 2012 Tax ReturnNj 1040nrHr Block Free Tax FileHow To Fill Out A 1040xFile 2008 Taxes For FreeIowa 1040xEz 1040 Form 2014State Income Tax EfileCan I Still E File My 2012 TaxesFile Free State Taxes OnlineHow To File State And Federal Taxes For Free OnlineEz Form 2011Free Back Tax FilingIrs Amended Return FormEfile 2007 Tax Returns For FreeFile State Tax OnlyFree 2012 Tax Filing OnlineIrs Form 1040x 2012

Tax Forms 1040x

Tax forms 1040x 2. Tax forms 1040x   Accounting Periods and Methods Table of Contents Introduction Useful Items - You may want to see: Accounting Periods Accounting MethodsCash Method Accrual Method Combination Method Inventories Uniform Capitalization Rules Special Methods Change in Accounting Method Introduction You must figure your taxable income and file an income tax return for an annual accounting period called a tax year. Tax forms 1040x Also, you must consistently use an accounting method that clearly shows your income and expenses for the tax year. Tax forms 1040x Useful Items - You may want to see: Publication 538 Accounting Periods and Methods See chapter 12 for information about getting publications and forms. Tax forms 1040x Accounting Periods When preparing a statement of income and expenses (generally your income tax return), you must use your books and records for a specific interval of time called an accounting period. Tax forms 1040x The annual accounting period for your income tax return is called a tax year. Tax forms 1040x You can use one of the following tax years. Tax forms 1040x A calendar tax year. Tax forms 1040x A fiscal tax year. Tax forms 1040x Unless you have a required tax year, you adopt a tax year by filing your first income tax return using that tax year. Tax forms 1040x A required tax year is a tax year required under the Internal Revenue Code or the Income Tax Regulations. Tax forms 1040x Calendar tax year. Tax forms 1040x   A calendar tax year is 12 consecutive months beginning January 1 and ending December 31. Tax forms 1040x   You must adopt the calendar tax year if any of the following apply. Tax forms 1040x You do not keep books. Tax forms 1040x You have no annual accounting period. Tax forms 1040x Your present tax year does not qualify as a fiscal year. Tax forms 1040x Your use of the calendar tax year is required under the Internal Revenue Code or the Income Tax Regulations. Tax forms 1040x   If you filed your first income tax return using the calendar tax year and you later begin business as a sole proprietor, you must continue to use the calendar tax year unless you get IRS approval to change it or are otherwise allowed to change it without IRS approval. Tax forms 1040x For more information, see Change in tax year, later. Tax forms 1040x   If you adopt the calendar tax year, you must maintain your books and records and report your income and expenses for the period from January 1 through December 31 of each year. Tax forms 1040x Fiscal tax year. Tax forms 1040x   A fiscal tax year is 12 consecutive months ending on the last day of any month except December. Tax forms 1040x A 52-53-week tax year is a fiscal tax year that varies from 52 to 53 weeks but does not have to end on the last day of a month. Tax forms 1040x   If you adopt a fiscal tax year, you must maintain your books and records and report your income and expenses using the same tax year. Tax forms 1040x   For more information on a fiscal tax year, including a 52-53-week tax year, see Publication 538. Tax forms 1040x Change in tax year. Tax forms 1040x   Generally, you must file Form 1128, Application To Adopt, Change, or Retain a Tax Year, to request IRS approval to change your tax year. Tax forms 1040x See the Instructions for Form 1128 for exceptions. Tax forms 1040x If you qualify for an automatic approval request, a user fee is not required. Tax forms 1040x If you do not qualify for automatic approval, a ruling must be requested. Tax forms 1040x See the instructions for Form 1128 for information about user fees if you are requesting a ruling. Tax forms 1040x Accounting Methods An accounting method is a set of rules used to determine when and how income and expenses are reported. Tax forms 1040x Your accounting method includes not only the overall method of accounting you use, but also the accounting treatment you use for any material item. Tax forms 1040x You choose an accounting method for your business when you file your first income tax return that includes a Schedule C for the business. Tax forms 1040x After that, if you want to change your accounting method, you must generally get IRS approval. Tax forms 1040x See Change in Accounting Method, later. Tax forms 1040x Kinds of methods. Tax forms 1040x   Generally, you can use any of the following accounting methods. Tax forms 1040x Cash method. Tax forms 1040x An accrual method. Tax forms 1040x Special methods of accounting for certain items of income and expenses. Tax forms 1040x Combination method using elements of two or more of the above. Tax forms 1040x You must use the same accounting method to figure your taxable income and to keep your books. Tax forms 1040x Also, you must use an accounting method that clearly shows your income. Tax forms 1040x Business and personal items. Tax forms 1040x   You can account for business and personal items under different accounting methods. Tax forms 1040x For example, you can figure your business income under an accrual method, even if you use the cash method to figure personal items. Tax forms 1040x Two or more businesses. Tax forms 1040x   If you have two or more separate and distinct businesses, you can use a different accounting method for each if the method clearly reflects the income of each business. Tax forms 1040x They are separate and distinct only if you maintain complete and separate books and records for each business. Tax forms 1040x Cash Method Most individuals and many sole proprietors with no inventory use the cash method because they find it easier to keep cash method records. Tax forms 1040x However, if an inventory is necessary to account for your income, you must generally use an accrual method of accounting for sales and purchases. Tax forms 1040x For more information, see Inventories, later. Tax forms 1040x Income Under the cash method, include in your gross income all items of income you actually or constructively receive during your tax year. Tax forms 1040x If you receive property or services, you must include their fair market value in income. Tax forms 1040x Example. Tax forms 1040x On December 30, 2012, Mrs. Tax forms 1040x Sycamore sent you a check for interior decorating services you provided to her. Tax forms 1040x You received the check on January 2, 2013. Tax forms 1040x You must include the amount of the check in income for 2013. Tax forms 1040x Constructive receipt. Tax forms 1040x   You have constructive receipt of income when an amount is credited to your account or made available to you without restriction. Tax forms 1040x You do not need to have possession of it. Tax forms 1040x If you authorize someone to be your agent and receive income for you, you are treated as having received it when your agent received it. Tax forms 1040x Example. Tax forms 1040x Interest is credited to your bank account in December 2013. Tax forms 1040x You do not withdraw it or enter it into your passbook until 2014. Tax forms 1040x You must include it in your gross income for 2013. Tax forms 1040x Delaying receipt of income. Tax forms 1040x   You cannot hold checks or postpone taking possession of similar property from one tax year to another to avoid paying tax on the income. Tax forms 1040x You must report the income in the year the property is received or made available to you without restriction. Tax forms 1040x Example. Tax forms 1040x Frances Jones, a service contractor, was entitled to receive a $10,000 payment on a contract in December 2013. Tax forms 1040x She was told in December that her payment was available. Tax forms 1040x At her request, she was not paid until January 2014. Tax forms 1040x She must include this payment in her 2013 income because it was constructively received in 2013. Tax forms 1040x Checks. Tax forms 1040x   Receipt of a valid check by the end of the tax year is constructive receipt of income in that year, even if you cannot cash or deposit the check until the following year. Tax forms 1040x Example. Tax forms 1040x Dr. Tax forms 1040x Redd received a check for $500 on December 31, 2013, from a patient. Tax forms 1040x She could not deposit the check in her business account until January 2, 2014. Tax forms 1040x She must include this fee in her income for 2013. Tax forms 1040x Debts paid by another person or canceled. Tax forms 1040x   If your debts are paid by another person or are canceled by your creditors, you may have to report part or all of this debt relief as income. Tax forms 1040x If you receive income in this way, you constructively receive the income when the debt is canceled or paid. Tax forms 1040x For more information, see Canceled Debt under Kinds of Income in chapter 5. Tax forms 1040x Repayment of income. Tax forms 1040x   If you include an amount in income and in a later year you have to repay all or part of it, you can usually deduct the repayment in the year in which you make it. Tax forms 1040x If the amount you repay is over $3,000, a special rule applies. Tax forms 1040x For details about the special rule, see Repayments in chapter 11 of Publication 535, Business Expenses. Tax forms 1040x Expenses Under the cash method, you generally deduct expenses in the tax year in which you actually pay them. Tax forms 1040x This includes business expenses for which you contest liability. Tax forms 1040x However, you may not be able to deduct an expense paid in advance or you may be required to capitalize certain costs, as explained later under Uniform Capitalization Rules. Tax forms 1040x Expenses paid in advance. Tax forms 1040x   You can deduct an expense you pay in advance only in the year to which it applies. Tax forms 1040x Example. Tax forms 1040x You are a calendar year taxpayer and you pay $1,000 in 2013 for a business insurance policy effective for one year, beginning July 1. Tax forms 1040x You can deduct $500 in 2013 and $500 in 2014. Tax forms 1040x Accrual Method Under an accrual method of accounting, you generally report income in the year earned and deduct or capitalize expenses in the year incurred. Tax forms 1040x The purpose of an accrual method of accounting is to match income and expenses in the correct year. Tax forms 1040x Income—General Rule Under an accrual method, you generally include an amount in your gross income for the tax year in which all events that fix your right to receive the income have occurred and you can determine the amount with reasonable accuracy. Tax forms 1040x Example. Tax forms 1040x You are a calendar year accrual method taxpayer. Tax forms 1040x You sold a computer on December 28, 2013. Tax forms 1040x You billed the customer in the first week of January 2014, but you did not receive payment until February 2014. Tax forms 1040x You must include the amount received for the computer in your 2013 income. Tax forms 1040x Income—Special Rules The following are special rules that apply to advance payments, estimating income, and changing a payment schedule for services. Tax forms 1040x Estimated income. Tax forms 1040x   If you include a reasonably estimated amount in gross income, and later determine the exact amount is different, take the difference into account in the tax year in which you make the determination. Tax forms 1040x Change in payment schedule for services. Tax forms 1040x   If you perform services for a basic rate specified in a contract, you must accrue the income at the basic rate, even if you agree to receive payments at a lower rate until you complete the services and then receive the difference. Tax forms 1040x Advance payments for services. Tax forms 1040x   Generally, you report an advance payment for services to be performed in a later tax year as income in the year you receive the payment. Tax forms 1040x However, if you receive an advance payment for services you agree to perform by the end of the next tax year, you can elect to postpone including the advance payment in income until the next tax year. Tax forms 1040x However, you cannot postpone including any payment beyond that tax year. Tax forms 1040x   For more information, see Advance Payment for Services under Accrual Method in Publication 538. Tax forms 1040x That publication also explains special rules for reporting the following types of income. Tax forms 1040x Advance payments for service agreements. Tax forms 1040x Prepaid rent. Tax forms 1040x Advance payments for sales. Tax forms 1040x   Special rules apply to including income from advance payments on agreements for future sales or other dispositions of goods you hold primarily for sale to your customers in the ordinary course of your business. Tax forms 1040x If the advance payments are for contracts involving both the sale and service of goods, it may be necessary to treat them as two agreements. Tax forms 1040x An agreement includes a gift certificate that can be redeemed for goods. Tax forms 1040x Treat amounts that are due and payable as amounts you received. Tax forms 1040x   You generally include an advance payment in income for the tax year in which you receive it. Tax forms 1040x However, you can use an alternative method. Tax forms 1040x For information about the alternative method, see Publication 538. Tax forms 1040x Expenses Under an accrual method of accounting, you generally deduct or capitalize a business expense when both the following apply. Tax forms 1040x The all-events test has been met. Tax forms 1040x The test has been met when: All events have occurred that fix the fact of liability, and The liability can be determined with reasonable accuracy. Tax forms 1040x Economic performance has occurred. Tax forms 1040x Economic performance. Tax forms 1040x   You generally cannot deduct or capitalize a business expense until economic performance occurs. Tax forms 1040x 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 as the property is used. Tax forms 1040x If your expense is for property or services you provide to others, economic performance occurs as you provide the property or services. Tax forms 1040x An exception allows certain recurring items to be treated as incurred during a tax year even though economic performance has not occurred. Tax forms 1040x For more information on economic performance, see Economic Performance under Accrual Method in Publication 538. Tax forms 1040x Example. Tax forms 1040x You are a calendar year taxpayer and use an accrual method of accounting. Tax forms 1040x You buy office supplies in December 2013. Tax forms 1040x You receive the supplies and the bill in December, but you pay the bill in January 2014. Tax forms 1040x You can deduct the expense in 2013 because all events that fix the fact of liability have occurred, the amount of the liability could be reasonably determined, and economic performance occurred in that year. Tax forms 1040x Your office supplies may qualify as a recurring expense. Tax forms 1040x In that case, you can deduct them in 2013 even if the supplies are not delivered until 2014 (when economic performance occurs). Tax forms 1040x Keeping inventories. Tax forms 1040x   When the production, purchase, or sale of merchandise is an income-producing factor in your business, you must generally take inventories into account at the beginning and the end of your tax year. Tax forms 1040x If you must account for an inventory, you must generally use an accrual method of accounting for your purchases and sales. Tax forms 1040x For more information, see Inventories , later. Tax forms 1040x Special rule for related persons. Tax forms 1040x   You cannot deduct business expenses and interest owed to a related person who uses the cash method of accounting until you make the payment and the corresponding amount is includible in the related person's gross income. Tax forms 1040x Determine the relationship, for this rule, as of the end of the tax year for which the expense or interest would otherwise be deductible. Tax forms 1040x If a deduction is not allowed under this rule, the rule will continue to apply even if your relationship with the person ends before the expense or interest is includible in the gross income of that person. Tax forms 1040x   Related persons include members of your immediate family, including only brothers and sisters (either whole or half), your spouse, ancestors, and lineal descendants. Tax forms 1040x For a list of other related persons, see section 267 of the Internal Revenue Code. Tax forms 1040x Combination Method You can generally use any combination of cash, accrual, and special methods of accounting if the combination clearly shows your income and expenses and you use it consistently. Tax forms 1040x However, the following restrictions apply. Tax forms 1040x If an inventory is necessary to account for your income, you must generally use an accrual method for purchases and sales. Tax forms 1040x (See, however, Inventories, later. Tax forms 1040x ) You can use the cash method for all other items of income and expenses. Tax forms 1040x If you use the cash method for figuring your income, you must use the cash method for reporting your expenses. Tax forms 1040x If you use an accrual method for reporting your expenses, you must use an accrual method for figuring your income. Tax forms 1040x If you use a combination method that includes the cash method, treat that combination method as the cash method. Tax forms 1040x Inventories Generally, if you produce, purchase, or sell merchandise in your business, you must keep an inventory and use the accrual method for purchases and sales of merchandise. Tax forms 1040x However, the following taxpayers can use the cash method of accounting even if they produce, purchase, or sell merchandise. Tax forms 1040x These taxpayers can also account for inventoriable items as materials and supplies that are not incidental (discussed later). Tax forms 1040x A qualifying taxpayer under Revenue Procedure 2001-10 in Internal Revenue Bulletin 2001-2. Tax forms 1040x A qualifying small business taxpayer under Revenue Procedure 2002-28 in Internal Revenue Bulletin 2002-18. Tax forms 1040x Qualifying taxpayer. Tax forms 1040x   You are a qualifying taxpayer if: Your average annual gross receipts for each prior tax year ending on or after December 17, 1998, is $1 million or less. Tax forms 1040x (Your average annual gross receipts for a tax year is figured by adding the gross receipts for that tax year and the 2 preceding tax years and dividing by 3. Tax forms 1040x ) Your business is not a tax shelter, as defined under section 448(d)(3) of the Internal Revenue Code. Tax forms 1040x Qualifying small business taxpayer. Tax forms 1040x   You are a qualifying small business taxpayer if: Your average annual gross receipts for each prior tax year ending on or after December 31, 2000, is more than $1 million but not more than $10 million. Tax forms 1040x (Your average annual gross receipts for a tax year is figured by adding the gross receipts for that tax year and the 2 preceding tax years and dividing the total by 3. Tax forms 1040x ) You are not prohibited from using the cash method under section 448 of the Internal Revenue Code. Tax forms 1040x Your principal business activity is an eligible business (described in Publication 538 and Revenue Procedure 2002-28). Tax forms 1040x Business not owned or not in existence for 3 years. Tax forms 1040x   If you did not own your business for all of the 3-tax-year period used in figuring your average annual gross receipts, include the period of any predecessor. Tax forms 1040x If your business has not been in existence for the 3-tax-year period, base your average on the period it has existed including any short tax years, annualizing the short tax year's gross receipts. Tax forms 1040x Materials and supplies that are not incidental. Tax forms 1040x   If you account for inventoriable items as materials and supplies that are not incidental, you will deduct the cost of the items you would otherwise include in inventory in the year you sell the items, or the year you pay for them, whichever is later. Tax forms 1040x If you are a producer, you can use any reasonable method to estimate the raw material in your work in process and finished goods on hand at the end of the year to determine the raw material used to produce finished goods that were sold during the year. Tax forms 1040x Changing accounting method. Tax forms 1040x   If you are a qualifying taxpayer or qualifying small business taxpayer and want to change to the cash method or to account for inventoriable items as non-incidental materials and supplies, you must file Form 3115, Application for Change in Accounting Method. Tax forms 1040x See Change in Accounting Method, later. Tax forms 1040x More information. Tax forms 1040x    For more information about the qualifying taxpayer exception, see Revenue Procedure 2001-10 in Internal Revenue Bulletin 2001-2. Tax forms 1040x For more information about the qualifying small business taxpayer exception, see Revenue Procedure 2002-28 in Internal Revenue Bulletin 2002-18. Tax forms 1040x Items included in inventory. Tax forms 1040x   If you are required to account for inventories, include the following items when accounting for your inventory. Tax forms 1040x Merchandise or stock in trade. Tax forms 1040x Raw materials. Tax forms 1040x Work in process. Tax forms 1040x Finished products. Tax forms 1040x Supplies that physically become a part of the item intended for sale. Tax forms 1040x Valuing inventory. Tax forms 1040x   You must value your inventory at the beginning and end of each tax year to determine your cost of goods sold (Schedule C, line 42). Tax forms 1040x To determine the value of your inventory, you need a method for identifying the items in your inventory and a method for valuing these items. Tax forms 1040x   Inventory valuation rules cannot be the same for all kinds of businesses. Tax forms 1040x The method you use to value your inventory must conform to generally accepted accounting principles for similar businesses and must clearly reflect income. Tax forms 1040x Your inventory practices must be consistent from year to year. Tax forms 1040x More information. Tax forms 1040x   For more information about inventories, see Publication 538. Tax forms 1040x Uniform Capitalization Rules Under the uniform capitalization rules, you must capitalize the direct costs and part of the indirect costs for production or resale activities. Tax forms 1040x Include these costs in the basis of property you produce or acquire for resale, rather than claiming them as a current deduction. Tax forms 1040x You recover the costs through depreciation, amortization, or cost of goods sold when you use, sell, or otherwise dispose of the property. Tax forms 1040x Activities subject to the uniform capitalization rules. Tax forms 1040x   You may be subject to the uniform capitalization rules if you do any of the following, unless the property is produced for your use other than in a business or an activity carried on for profit. Tax forms 1040x Produce real or tangible personal property. Tax forms 1040x For this purpose, tangible personal property includes a film, sound recording, video tape, book, or similar property. Tax forms 1040x Acquire property for resale. Tax forms 1040x Exceptions. Tax forms 1040x   These rules do not apply to the following property. Tax forms 1040x Personal property you acquire for resale if your average annual gross receipts are $10 million or less. Tax forms 1040x Property you produce if you meet either of the following conditions. Tax forms 1040x Your indirect costs of producing the property are $200,000 or less. Tax forms 1040x You use the cash method of accounting and do not account for inventories. Tax forms 1040x For more information, see Inventories, earlier. Tax forms 1040x Special Methods There are special methods of accounting for certain items of income or expense. Tax forms 1040x These include the following. Tax forms 1040x Amortization, discussed in chapter 8 of Publication 535, Business Expenses. Tax forms 1040x Bad debts, discussed in chapter 10 of Publication 535. Tax forms 1040x Depletion, discussed in chapter 9 of Publication 535. Tax forms 1040x Depreciation, discussed in Publication 946, How To Depreciate Property. Tax forms 1040x Installment sales, discussed in Publication 537, Installment Sales. Tax forms 1040x Change in Accounting Method Once you have set up your accounting method, you must generally get IRS approval before you can change to another method. Tax forms 1040x A change in your accounting method includes a change in: Your overall method, such as from cash to an accrual method, and Your treatment of any material item. Tax forms 1040x To get approval, you must file Form 3115, Application for Change in Accounting Method. Tax forms 1040x You can get IRS approval to change an accounting method under either the automatic change procedures or the advance consent request procedures. Tax forms 1040x You may have to pay a user fee. Tax forms 1040x For more information, see the form instructions. Tax forms 1040x Automatic change procedures. Tax forms 1040x   Certain taxpayers can presume to have IRS approval to change their method of accounting. Tax forms 1040x The approval is granted for the tax year for which the taxpayer requests a change (year of change), if the taxpayer complies with the provisions of the automatic change procedures. Tax forms 1040x No user fee is required for an application filed under an automatic change procedure generally covered in Revenue Procedure 2002-9. Tax forms 1040x   Generally, you must use Form 3115 to request an automatic change. Tax forms 1040x For more information, see the Instructions for Form 3115. Tax forms 1040x Prev  Up  Next   Home   More Online Publications
Español

Better Business Bureaus (BBBs) are nonprofit organizations that encourage honest advertising and selling practices and are supported primarily by local businesses. They offer a variety of consumer services, including consumer education materials; business reports, particularly unanswered or unsettled complaints or other problems; mediation and arbitration services; and information about charities and other organizations that are seeking public donations. They also provide ratings (A, B, C, D, or F) of local companies to express the BBB's confidence that the company operates in a trustworthy manner and demonstrates a willingness to resolve customer concerns.

Marlborough, MA

Website: Better Business Bureau

Email: info@boston.bbb.org

Address: Better Business Bureau
290 Donald Lynch Blvd., Suite 102
Marlborough, MA 01752-4705

Phone Number: 508-652-4800

Worcester, MA

Website: Better Business Bureau

Email: info@cne.bbb.org

Address: Better Business Bureau
340 Main St., Suite 802
Worcester, MA 01608

Phone Number: 508-755-2548

Toll-free: 1-866-566-9222

The Tax Forms 1040x

Tax forms 1040x Publication 515 - Introductory Material Table of Contents Future Developments What's New Reminders IntroductionOrdering forms and publications. Tax forms 1040x Tax questions. Tax forms 1040x Useful Items - You may want to see: Future Developments For the latest information about developments related to Publication 515, such as legislation enacted after it was published, go to www. Tax forms 1040x irs. Tax forms 1040x gov/pub515. Tax forms 1040x What's New Deposit interest paid to certain nonresident alien individuals. Tax forms 1040x  New rules apply to reporting of deposit interest paid to certain nonresident alien individuals on or after January 1, 2013. Tax forms 1040x Deposit interest of $10 or more paid to certain nonresident alien individuals must be reported on Form 1042–S. Tax forms 1040x See Deposit interest paid to certain nonresident alien individuals in 2013. Tax forms 1040x Portfolio interest. Tax forms 1040x . Tax forms 1040x  The rules determining whether interest is considered portfolio interest changed for obligations issued after March 18, 2012. Tax forms 1040x Generally, interest paid on nonregistered (bearer) bonds will not be treated as portfolio interest. Tax forms 1040x See Portfolio interest. Tax forms 1040x U. Tax forms 1040x S. Tax forms 1040x real property interest. Tax forms 1040x  Generally, the treatment of a regulated investment company (RIC) as a qualified investment entity (QIE) was scheduled to expire at the end of 2011. Tax forms 1040x The provision has been extended through 2013. Tax forms 1040x The special rules that apply to distributions from a QIE attributable to the gain from the sale or exchange of a U. Tax forms 1040x S. Tax forms 1040x real property interest will continue to apply to any distribution from a RIC. Tax forms 1040x See Qualified investment entities under U. Tax forms 1040x S. Tax forms 1040x Real Property Interest. Tax forms 1040x Interest-related dividends and short-term capital gain dividends received from mutual funds. Tax forms 1040x  The exemption from withholding on certain interest-related dividends and short-term capital gain dividends paid by a mutual fund or other regulated investment company was scheduled to expire at the end of 2011. Tax forms 1040x These provisions have been extended through 2013. Tax forms 1040x Partnership withholding rate on effectively connected income. Tax forms 1040x  For 2013, the rate for withholding on noncorporate partners has increased to 39. Tax forms 1040x 6%. Tax forms 1040x The rate for corporate partners remains 35%. Tax forms 1040x Reminders Exemption from requirement to withhold for certain payments to qualified securities lenders. Tax forms 1040x  If you made U. Tax forms 1040x S. Tax forms 1040x -source substitute dividend payments to qualified securities lenders, and these payments are part of a chain of substitute dividend payments, you may be exempt from withholding tax on the payments. Tax forms 1040x See Amounts paid to qualified securities lenders . Tax forms 1040x Electronic deposits. Tax forms 1040x  You must make all deposits of taxes electronically. Tax forms 1040x Substitute forms. Tax forms 1040x  Any substitute forms you use must comply with the requirements in Publication 1179, General Rules and Specifications for Substitute Forms 1096, 1098, 1099, 5498, and Certain Other Information Returns. Tax forms 1040x If they do not, the forms may be rejected as incorrect and the IRS may impose penalties. Tax forms 1040x See Penalties. Tax forms 1040x Filing electronically. Tax forms 1040x  If you file Form 1042-S electronically, you will use the Filing Information Returns Electronically (FIRE) system. Tax forms 1040x You get to the system through the Internet at fire. Tax forms 1040x irs. Tax forms 1040x gov. Tax forms 1040x For files submitted on the FIRE system, it is the responsibility of the filer to verify the results of the transmission within 5 business days. Tax forms 1040x The IRS will not mail error reports for files that are bad. Tax forms 1040x Qualified intermediaries. Tax forms 1040x  A branch of a financial institution may not act as a qualified intermediary in a country that does not have approved know-your-customer rules. Tax forms 1040x See Qualified intermediary under Foreign Intermediaries. Tax forms 1040x Requests for extensions on Form 8809 must be filed electronically. Tax forms 1040x  Requests on Form 8809 for an extension of time to file Form 1042–S must be made electronically if the request is for more than one payer. Tax forms 1040x See Extension to file Form 1042-S with the IRS. Tax forms 1040x Photographs of missing children. Tax forms 1040x  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Tax forms 1040x Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Tax forms 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 forms 1040x Introduction This publication is for withholding agents who pay income to foreign persons, including nonresident aliens, foreign corporations, foreign partnerships, foreign trusts, foreign estates, foreign governments, and international organizations. Tax forms 1040x Specifically, it describes the persons responsible for withholding (withholding agents), the types of income subject to withholding, and the information return and tax return filing obligations of withholding agents. Tax forms 1040x In addition to discussing the rules that apply generally to payments of U. Tax forms 1040x S. Tax forms 1040x source income to foreign persons, it also contains sections on the withholding that applies to the disposition of U. Tax forms 1040x S. Tax forms 1040x real property interests and the withholding by partnerships on income effectively connected with the active conduct of a U. Tax forms 1040x S. Tax forms 1040x trade or business. Tax forms 1040x Beginning in 2014, additional withholding rules become effective under Chapter 4 of the Internal Revenue Code as added by the Foreign Account Tax Compliance Act (FATCA). Tax forms 1040x U. Tax forms 1040x S. Tax forms 1040x withholding agents will be required to withhold on certain types of payments made to foreign financial institutions that do not enter into an agreement with the IRS. Tax forms 1040x For information on these provisions, go to www. Tax forms 1040x irs. Tax forms 1040x gov/fatca. Tax forms 1040x Comments and suggestions. Tax forms 1040x   We welcome your comments about this publication and your suggestions for future editions. Tax forms 1040x   You can write to us at the following address: Internal Revenue Service Business Forms and Publications Branch SE:W:CAR:MP:T:B 1111 Constitution Ave. Tax forms 1040x NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Tax forms 1040x Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Tax forms 1040x   You can email us at taxforms@irs. Tax forms 1040x gov. Tax forms 1040x Please put “Publications Comment” on the subject line. Tax forms 1040x You can also send us comments from www. Tax forms 1040x irs. Tax forms 1040x gov/formspubs/. Tax forms 1040x Select “Comment on Tax Forms and Publications” under “Information About. Tax forms 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 forms 1040x Ordering forms and publications. Tax forms 1040x   Visit www. Tax forms 1040x irs. Tax forms 1040x gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Tax forms 1040x Internal Revenue Service 1201 N. Tax forms 1040x Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Tax forms 1040x   If you have a tax question, check the information available on IRS. Tax forms 1040x gov or call 1-800-829-1040. Tax forms 1040x We cannot answer tax questions sent to either of the above addresses. Tax forms 1040x 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 51 (Circular A), Agricultural Employer's Tax Guide 519 U. Tax forms 1040x S. Tax forms 1040x Tax Guide for Aliens 901 U. Tax forms 1040x S. Tax forms 1040x Tax Treaties Form (and Instructions) SS-4 Application for Employer Identification Number W-2 Wage and Tax Statement W-4 Employee's Withholding Allowance Certificate W-4P Withholding Certificate for Pension or Annuity Payments W-7 Application for IRS Individual Taxpayer Identification Number W-8BEN Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding W-8ECI Certificate of Foreign Person's Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States W-8EXP Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding W-8IMY Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U. Tax forms 1040x S. Tax forms 1040x Branches for United States Tax Withholding 941 Employer's QUARTERLY Federal Tax Return 1042 Annual Withholding Tax Return for U. Tax forms 1040x S. Tax forms 1040x Source Income of Foreign Persons 1042-S Foreign Person's U. Tax forms 1040x S. Tax forms 1040x Source Income Subject to Withholding 1042-T Annual Summary and Transmittal of Forms 1042-S See How To Get Tax Help at the end of this publication, for information about getting publications and forms. Tax forms 1040x Prev  Up  Next   Home   More Online Publications