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

Taxes Hrblock Com

Federal Income Tax Form 1040ezAmendment Tax Return FormIrs Form 1040 VDo I File My Taxes Free OnlineHandr BlockI Need Prior Year 1040ez Form 2010 I Caot Access Anywhere Anyone1040 Tax Form 2010TaxE File 2012 Federal Taxes2012 Amended Federal Tax Return FormAmendedFree Tax PreparationHow Do I File State Taxes For FreeH And R Block FreeFile State Tax For FreeTaxslayer Website2012 Irs 1040a InstructionsHow To File My 2011 Taxes Online For FreeFree TaxesTax Planning Us 2005 TaxesFree Income Tax Preparation2010 1040 Ez FormTurbo Tax 20052011 1040ez OnlineHrblockfreeHow To Amend Your Income Tax ReturnHow Can I Amend My 2012 Tax ReturnState Tax Filing Online For Free2014 State Tax FormsFiling Form 1040ezAmend A 2013 Tax ReturnHow To File A Amended Tax Return For 20101040ez Instructions 2014My 1040ezUnemployed Taxes2013 Tax Forms 1040ezHow Much Does H&r Block Charge To Prepare TaxesExample Of 1040x Amended Tax Returns For 2013Free Online Tax Filing Federal And StateIndividual Income Tax Return

Taxes Hrblock Com

Taxes hrblock com 1. Taxes hrblock com   Filing and Paying Business Taxes Table of Contents Introduction Useful Items - You may want to see: Identification NumbersNew EIN. Taxes hrblock com Employee. Taxes hrblock com Other payee. Taxes hrblock com Income TaxDo I Have To File an Income Tax Return? How Do I File? IRS e-file (Electronic Filing) When Is My Tax Return Due? How Do I Pay Income Tax? Self-Employment (SE) TaxHow to become insured under social security. Taxes hrblock com Earning credits in 2013 and 2014. Taxes hrblock com Employment Taxes Excise Taxes Information ReturnsWaiver of penalties. Taxes hrblock com Penalties. Taxes hrblock com Introduction This chapter explains the business taxes you may have to pay and the forms you may have to file. Taxes hrblock com It also discusses taxpayer identification numbers. Taxes hrblock com Table 1-1 lists the benefits of filing electronically. Taxes hrblock com Table 1-2 lists the federal taxes you may have to pay, their due dates, and the forms you use to report them. Taxes hrblock com Table 1-3 provides checklists that highlight the typical forms and schedules you may need to file if you ever go out of business. Taxes hrblock com You may want to get Publication 509, Tax Calendars. Taxes hrblock com It has tax calendars that tell you when to file returns and make tax payments. Taxes hrblock com Useful Items - You may want to see: Publication 505 Tax Withholding and Estimated Tax Form (and Instructions) 1040 U. Taxes hrblock com S. Taxes hrblock com Individual Income Tax Return 1040-ES Estimated Tax for Individuals Sch C (Form 1040) Profit or Loss From Business Sch C-EZ (Form 1040) Net Profit From Business Sch SE (Form 1040) Self-Employment Tax See chapter 12 for information about getting publications and forms. Taxes hrblock com Identification Numbers This section explains three types of taxpayer identification numbers, who needs them, when to use them, and how to get them. Taxes hrblock com Social security number (SSN). Taxes hrblock com   Generally, use your SSN as your taxpayer identification number. Taxes hrblock com You must put this number on each of your individual income tax forms, such as Form 1040 and its schedules. Taxes hrblock com   To apply for an SSN, use Form SS-5, Application for a Social Security Card. Taxes hrblock com This form is available at Social Security Administration (SSA) offices or by calling 1-800-772-1213. Taxes hrblock com It is also available from the SSA website at www. Taxes hrblock com socialsecurity. Taxes hrblock com gov. Taxes hrblock com Individual taxpayer identification number (ITIN). Taxes hrblock com   The IRS will issue an ITIN if you are a nonresident or resident alien and you do not have and are not eligible to get an SSN. Taxes hrblock com In general, if you need to obtain an ITIN, you must attach Form W-7, Application for IRS Individual Taxpayer Identification Number, with your signed, original, completed tax return and any other required documentation and mail them to the following address. Taxes hrblock com  Internal Revenue Service ITIN Operation P. Taxes hrblock com O. Taxes hrblock com Box 149342 Austin, TX 78714-9342 The exceptions are covered in detail in the instructions for Form W-7. Taxes hrblock com If you must include another person's SSN on your return and that person does not have and cannot get an SSN, enter that person's ITIN. Taxes hrblock com The application is also available in Spanish. Taxes hrblock com The form is available at IRS. Taxes hrblock com gov or you can call 1-800-829-3676 to order the form. Taxes hrblock com    An ITIN is for tax use only. Taxes hrblock com It does not entitle the holder to social security benefits or change the holder's employment or immigration status. Taxes hrblock com Employer identification number (EIN). Taxes hrblock com   You must also have an EIN to use as a taxpayer identification number if you do either of the following. Taxes hrblock com Pay wages to one or more employees. Taxes hrblock com File pension or excise tax returns. Taxes hrblock com   If you must have an EIN, include it along with your SSN on your Schedule C or C-EZ. Taxes hrblock com   You can apply for an EIN: Online by clicking on the Employer ID Numbers (EINs) link at www. Taxes hrblock com irs. Taxes hrblock com gov/businesses/small. Taxes hrblock com The EIN is issued immediately once the application information is validated. Taxes hrblock com By telephone at 1-800-829-4933. Taxes hrblock com By mailing or faxing Form SS-4, Application for Employer Identification Number. Taxes hrblock com New EIN. Taxes hrblock com   You may need to get a new EIN if either the form or the ownership of your business changes. Taxes hrblock com For more information, see Publication 1635, Understanding Your EIN. Taxes hrblock com When you need identification numbers of other persons. Taxes hrblock com   In operating your business, you will probably make certain payments you must report on information returns. Taxes hrblock com These payments are discussed under Information Returns, later in this chapter. Taxes hrblock com You must give the recipient of these payments (the payee) a statement showing the total amount paid during the year. Taxes hrblock com You must include the payee's identification number and your identification number on the returns and statements. Taxes hrblock com Employee. Taxes hrblock com   If you have employees, you must get an SSN from each of them. Taxes hrblock com Record the name and SSN of each employee exactly as they are shown on the employee's social security card. Taxes hrblock com If the employee's name is not correct as shown on the card, the employee should request a new card from the SSA. Taxes hrblock com This may occur if the employee's name was changed due to marriage or divorce. Taxes hrblock com   Form W-4, Employee's Withholding Allowance Certificate, is completed by each employee so the correct federal income tax can be withheld from their pay. Taxes hrblock com   If your employee does not have an SSN, he or she should file Form SS-5 with the SSA. Taxes hrblock com Other payee. Taxes hrblock com   If you make payments to someone who is not your employee and you must report the payments on an information return, get that person's SSN. Taxes hrblock com If you must report payments to an organization, such as a corporation or partnership, you must get its EIN. Taxes hrblock com   To get the payee's SSN or EIN, use Form W-9, Request for Taxpayer Identification Number and Certification. Taxes hrblock com   A payee who does not provide you with an identification number may be subject to backup withholding. Taxes hrblock com For information on backup withholding, see the Form W-9 instructions and the General Instructions for Certain Information Returns. Taxes hrblock com Income Tax This part explains whether you have to file an income tax return and when you file it. Taxes hrblock com It also explains how you pay the tax. Taxes hrblock com Do I Have To File an Income Tax Return? You have to file an income tax return for 2013 if your net earnings from self-employment were $400 or more. Taxes hrblock com If your net earnings from self-employment were less than $400, you still have to file an income tax return if you meet any other filing requirement listed in the Form 1040 instructions. Taxes hrblock com How Do I File? File your income tax return on Form 1040 and attach Schedule C or Schedule C-EZ. Taxes hrblock com Enter the net profit or loss from Schedule C or Schedule C-EZ on page 1 of Form 1040. Taxes hrblock com Use Schedule C to figure your net profit or loss from your business. Taxes hrblock com If you operated more than one business as a sole proprietorship, you must attach a separate Schedule C for each business. Taxes hrblock com You can use the simpler Schedule C-EZ if you operated only one business as a sole proprietorship, you did not have a net loss, and you meet the other requirements listed in Part I of the schedule. Taxes hrblock com IRS e-file (Electronic Filing) Please click here for the text description of the image. Taxes hrblock com E-file logo You may be able to file your tax returns electronically using an IRS e-file option. Taxes hrblock com Table 1-1 lists the benefits of IRS e-file. Taxes hrblock com IRS e-file uses automation to replace most of the manual steps needed to process paper returns. Taxes hrblock com As a result, the processing of e-file returns is faster and more accurate than the processing of paper returns. Taxes hrblock com As with a paper return, you are responsible for making sure your return contains accurate information and is filed on time. Taxes hrblock com Using e-file does not affect your chances of an IRS examination of your return. Taxes hrblock com You can file most commonly used business forms using IRS e-file. Taxes hrblock com For more information, visit IRS. Taxes hrblock com gov. Taxes hrblock com Electronic signatures. Taxes hrblock com   Paperless filing is easier than you think and it's available to most taxpayers who file electronically—including those first-time filers who were 16 or older at the end of 2013. Taxes hrblock com If you file electronically using tax preparation software or a tax professional, you will participate in the Self-Select PIN (personal identification number) program. Taxes hrblock com If you are married filing jointly, you and your spouse will each need to create a PIN and enter these PINs as your electronic signatures. Taxes hrblock com    To create a PIN, you must know your adjusted gross income (AGI) from your originally filed 2012 income tax return (not from an amended return, Form 1040X, or any math error notice from the IRS). Taxes hrblock com You will also need to provide your date of birth (DOB). Taxes hrblock com Make sure your DOB is accurate and matches the information on record with the Social Security Administration before you e-file. Taxes hrblock com To do this, check your annual Social Security Statement. Taxes hrblock com   With a Self-Select PIN, there is nothing to sign and nothing to mail—not even your Forms W-2. Taxes hrblock com For more details on the Self-Select PIN program, visit IRS. Taxes hrblock com gov. Taxes hrblock com State returns. Taxes hrblock com   In most states, you can file an electronic state return simultaneously with your federal return. Taxes hrblock com For more information, check with your local IRS office, state tax agency, tax professional, or IRS. Taxes hrblock com gov. Taxes hrblock com Refunds. Taxes hrblock com   You can have your refund check mailed to you, or you can have your refund deposited directly to your checking or savings account. Taxes hrblock com   With e-file, your refund will be issued in half the time as when filing on paper. Taxes hrblock com Most refunds are issued within 3 weeks. Taxes hrblock com If you choose Direct Deposit, you can receive your refund in as few as 10 days. Taxes hrblock com Offset against debts. Taxes hrblock com   As with a paper return, you may not get all of your refund if you owe certain past-due amounts, such as federal tax, state tax, a student loan, or child support. Taxes hrblock com You will be notified if the refund you claimed has been offset against your debts. Taxes hrblock com Refund inquiries. Taxes hrblock com   You can check the status of your refund if it has been at least 24 hours (4 weeks if you mailed a paper return) from the date you filed your return. Taxes hrblock com Be sure to have a copy of your tax return available because you will need to know the filing status, the first social security number shown on the return, and the exact whole-dollar amount of the refund. Taxes hrblock com To check on your refund, do one of the following. Taxes hrblock com Go to IRS. Taxes hrblock com gov and click on Where's My Refund. Taxes hrblock com Call 1-800-829-4477 for automated refund information, and follow the recorded instructions. Taxes hrblock com Call 1-800-829-1954 during the hours shown in your form instructions. Taxes hrblock com Balance due. Taxes hrblock com   If you owe tax, you must pay it by April 15, 2014, to avoid late-payment penalties and interest. Taxes hrblock com You can make your payment electronically by scheduling an electronic funds withdrawal from your checking or savings account or by credit card. Taxes hrblock com Using an Authorized IRS e-file Provider Many tax professionals can electronically file paperless returns for their clients. Taxes hrblock com You have two options. Taxes hrblock com You can prepare your return, take it to an authorized IRS e-file provider, and have the provider transmit it electronically to the IRS. Taxes hrblock com You can have an authorized IRS e-file provider prepare your return and transmit it for you electronically. Taxes hrblock com You will be asked to complete Form 8879, IRS e-file Signature Authorization, to authorize the provider to enter your self-selected PIN on your return. Taxes hrblock com Depending on the provider and the specific services requested, a fee may be charged. Taxes hrblock com To find an authorized IRS e-file provider near you, go to IRS. Taxes hrblock com gov or look for an “Authorized IRS e-file Provider” sign. Taxes hrblock com Using Your Personal Computer A computer with Internet access is all you need to file your tax return using IRS e-file. Taxes hrblock com When you use your personal computer, you can e-file your return from your home any time of the day or night. Taxes hrblock com Sign your return electronically using a self-selected PIN to complete the process. Taxes hrblock com There is no signature form to submit or Forms W-2 to send in. Taxes hrblock com Free Internet filing options. Taxes hrblock com   More taxpayers can now prepare and e-file their individual income tax returns free using commercial tax preparation software accessible through IRS. Taxes hrblock com gov or www. Taxes hrblock com usa. Taxes hrblock com gov. Taxes hrblock com The IRS is partnering with the tax software industry to offer free preparation and filing services to a significant number of taxpayers. Taxes hrblock com Security and privacy certificate programs will assure tax data is safe and secure. Taxes hrblock com To see if you qualify for these services, visit the Return Preparation and Filing Options page at IRS. Taxes hrblock com gov. Taxes hrblock com   If you cannot use the free services, you can buy tax preparation software at various electronics stores or computer and office supply stores. Taxes hrblock com You can also download software from the Internet or prepare and file your return completely online by using tax preparation software available on the Internet. Taxes hrblock com Filing Through Employers and Financial Institutions Some businesses offer free e-file to their employees, members, or customers. Taxes hrblock com Others offer it for a fee. Taxes hrblock com Ask your employer or financial institution if they offer IRS e-file as an employee, member, or customer benefit. Taxes hrblock com Free Help With Your Return Free help in preparing your return is available nationwide from IRS-trained volunteers. Taxes hrblock com The Volunteer Income Tax Assistance (VITA) program is designed to help low-income taxpayers, and the Tax Counseling for the Elderly (TCE) program is designed to assist taxpayers age 60 or older with their tax returns. Taxes hrblock com Some locations offer free electronic filing. Taxes hrblock com Table 1-1. Taxes hrblock com Benefits of IRS e-file Accuracy • Your chance of getting an error notice from the IRS is significantly reduced. Taxes hrblock com Security • Your privacy and security are assured. Taxes hrblock com Electronic signatures • Create your own personal identification number (PIN) and file a completely paperless return through your tax preparation software or tax professional. Taxes hrblock com There is nothing to mail. Taxes hrblock com Proof of acceptance • You receive an electronic acknowledgment within 48 hours that the IRS has accepted your return for processing. Taxes hrblock com Fast refunds • You get your refund faster with Direct Deposit—in as few as 10 days. Taxes hrblock com Free Internet filing options • Use IRS. Taxes hrblock com gov to access commercial tax preparation and e-file services available at no cost to eligible taxpayers. Taxes hrblock com Electronic payment options • Convenient, safe, and secure electronic payment options are available. Taxes hrblock com E-file and pay your taxes in a single step. Taxes hrblock com Schedule an electronic funds withdrawal from your checking or savings account (up to and including April 15, 2014) or pay by credit card. Taxes hrblock com Federal/State filing • Prepare and file your federal and state tax returns together and double the benefits you get from e-file. Taxes hrblock com When Is My Tax Return Due? Form 1040 for calendar year 2013 is due by April 15, 2014. Taxes hrblock com If you use a fiscal year (explained in chapter 2), your return is due by the 15th day of the 4th month after the end of your fiscal year. Taxes hrblock com If you file late, you may have to pay penalties and interest. Taxes hrblock com If you cannot file your return on time, use Form 4868, Application for Automatic Extension of Time To File U. Taxes hrblock com S. Taxes hrblock com Individual Income Tax Return, to request an automatic 6-month extension. Taxes hrblock com For calendar year taxpayers, this will extend the tax filing due date until October 15. Taxes hrblock com Filing an extension does not extend the time to pay your taxes, only the time to file the tax return. Taxes hrblock com How Do I Pay Income Tax? Federal income tax is a pay-as-you-go tax. Taxes hrblock com You must pay it as you earn or receive income during the year. Taxes hrblock com An employee usually has income tax withheld from his or her pay. Taxes hrblock com If you do not pay your tax through withholding, or do not pay enough tax that way, you might have to pay estimated tax. Taxes hrblock com You generally have to make estimated tax payments if you expect to owe taxes, including self-employment tax (discussed later), of $1,000 or more when you file your return. Taxes hrblock com Use Form 1040-ES to figure and pay the tax. Taxes hrblock com If you do not have to make estimated tax payments, you can pay any tax due when you file your return. Taxes hrblock com For more information on estimated tax, see Publication 505, Tax Withholding and Estimated Tax. Taxes hrblock com What are my payment options?   You can pay your estimated tax electronically using various options. Taxes hrblock com If you pay electronically, there is no need to mail in Form 1040-ES payment vouchers. Taxes hrblock com These options include: Paying electronically through the Electronic Federal Tax Payment System (EFTPS). Taxes hrblock com Paying by authorizing an electronic funds withdrawal when you file Form 1040 electronically. Taxes hrblock com Paying by credit or debit card over the phone or by Internet. Taxes hrblock com Other options include crediting an overpayment from your 2013 return to your 2014 estimated tax, or mailing a check or money order with a Form 1040-ES payment voucher. Taxes hrblock com EFTPS    To enroll in EFTPS, go to www. Taxes hrblock com eftps. Taxes hrblock com gov or call 1-800-555-4477. Taxes hrblock com When you request a new EIN and you will have a tax obligation, you are automatically enrolled in EFTPS. Taxes hrblock com Benefits of EFTPS: The chance of an error in making your payments is reduced. Taxes hrblock com You receive immediate confirmation of every transaction. Taxes hrblock com Penalty for underpayment of tax. Taxes hrblock com   If you did not pay enough income tax and self-employment tax for 2013 by withholding or by making estimated tax payments, you may have to pay a penalty on the amount not paid. Taxes hrblock com The IRS will figure the penalty for you and send you a bill. Taxes hrblock com Or you can use Form 2210, Underpayment of Estimated Tax by Individuals, Estates, and Trusts, to see if you have to pay a penalty and to figure the penalty amount. Taxes hrblock com For more information, see Publication 505. Taxes hrblock com Self-Employment (SE) Tax Self-employment tax (SE tax) is a social security and Medicare tax primarily for individuals who work for themselves. Taxes hrblock com It is similar to the social security and Medicare taxes withheld from the pay of most wage earners. Taxes hrblock com If you earned income as a statutory employee, you do not pay SE tax on that income. Taxes hrblock com Social security coverage. Taxes hrblock com   Social security benefits are available to self-employed persons just as they are to wage earners. Taxes hrblock com Your payments of SE tax contribute to your coverage under the social security system. Taxes hrblock com Social security coverage provides you with retirement benefits, disability benefits, survivor benefits, and hospital insurance (Medicare) benefits. Taxes hrblock com By not reporting all of your self-employment income, you could cause your social security benefits to be lower when you retire. Taxes hrblock com How to become insured under social security. Taxes hrblock com   You must be insured under the social security system before you begin receiving social security benefits. Taxes hrblock com You are insured if you have the required number of credits (also called quarters of coverage), discussed next. Taxes hrblock com Earning credits in 2013 and 2014. Taxes hrblock com   For 2013, you received one credit, up to a maximum of four credits, for each $1,160 ($1,200 for 2014) of income subject to social security taxes. Taxes hrblock com Therefore, for 2013, if you had income (self-employment and wages) of $4,640 that was subject to social security taxes, you receive four credits ($4,640 ÷ $1,160). Taxes hrblock com   For an explanation of the number of credits you must have to be insured and the benefits available to you and your family under the social security program, consult your nearest Social Security Administration (SSA) office. Taxes hrblock com    Making false statements to get or to increase social security benefits may subject you to penalties. Taxes hrblock com The Social Security Administration (SSA) time limit for posting self-employment income. Taxes hrblock com   Generally, the SSA will give you credit only for self-employment income reported on a tax return filed within 3 years, 3 months, and 15 days after the tax year you earned the income. Taxes hrblock com If you file your tax return or report a change in your self-employment income after this time limit, the SSA may change its records, but only to remove or reduce the amount. Taxes hrblock com The SSA will not change its records to increase your self-employment income. Taxes hrblock com Who must pay self-employment tax. Taxes hrblock com   You must pay SE tax and file Schedule SE (Form 1040) if either of the following applies. Taxes hrblock com Your net earnings from self-employment (excluding church employee income) were $400 or more. Taxes hrblock com You had church employee income of $108. Taxes hrblock com 28 or more. Taxes hrblock com The SE tax rules apply no matter how old you are and even if you are already receiving social security or Medicare benefits. Taxes hrblock com SE tax rate. Taxes hrblock com   For 2013, the SE tax rate on net earnings is 15. Taxes hrblock com 3% (12. Taxes hrblock com 4% social security tax plus 2. Taxes hrblock com 9% Medicare tax). Taxes hrblock com Maximum earnings subject to SE tax. Taxes hrblock com   Only the first $113,700 of your combined wages, tips, and net earnings in 2013 is subject to any combination of the 12. Taxes hrblock com 4% social security part of SE tax, social security tax, or railroad retirement (tier 1) tax. Taxes hrblock com   All your combined wages, tips, and net earnings in 2013 are subject to any combination of the 2. Taxes hrblock com 9% Medicare part of SE tax, social security tax, or railroad retirement (tier 1) tax. Taxes hrblock com   If wages and tips you receive as an employee are subject to either social security or railroad retirement (tier 1) tax, or both, and total at least $113,700, do not pay the 12. Taxes hrblock com 4% social security part of the SE tax on any of your net earnings. Taxes hrblock com However, you must pay the 2. Taxes hrblock com 9% Medicare part of the SE tax on all your net earnings. Taxes hrblock com Deduct one-half of your SE tax as an adjustment to income on line 27 of Form 1040. Taxes hrblock com   More information. Taxes hrblock com   For information on methods of calculating SE tax, see Chapter 10, Self-Employment Tax. Taxes hrblock com Table 1-2. Taxes hrblock com Which Forms Must I File? IF you are liable for: THEN use Form: DUE by:1 Income tax 1040 and Schedule C or C-EZ2 15th day of 4th month after end of  tax year. Taxes hrblock com Self-employment tax Schedule SE File with Form 1040. Taxes hrblock com Estimated tax 1040-ES 15th day of 4th, 6th, and 9th months of tax year, and 15th day of 1st month after the end of tax year. Taxes hrblock com Social security and Medicare taxes and income tax withholding 941 or 944 April 30, July 31, October 31, and January 313. Taxes hrblock com     See Publication 15. Taxes hrblock com Providing information on social security and Medicare taxes and income tax withholding W-2 (to employee)  W-2 and W-3 (to the Social Security Administration) January 313. Taxes hrblock com   Last day of February (March 31 if filing electronically)3. Taxes hrblock com Federal unemployment (FUTA) tax 940 January 313. Taxes hrblock com     April 30, July 31, October 31, and January 31, but only if the liability for unpaid tax is more than $500. Taxes hrblock com Filing information returns for payments to nonemployees and transactions with other persons See Information Returns Forms 1099 – to the recipient by January 31 and to the IRS by February 28 (March 31 if filing electronically). Taxes hrblock com     Other forms – see the General Instructions for Certain Information Returns. Taxes hrblock com Excise tax See Excise Taxes See the instructions to the forms. Taxes hrblock com 1 If a due date falls on a Saturday, Sunday, or legal holiday, file by the next day that is not a Saturday, Sunday, or legal holiday. Taxes hrblock com For more information, see Publication 509, Tax Calendars. Taxes hrblock com 2 File a separate schedule for each business. Taxes hrblock com 3 See the form instructions if you go out of business, change the form of your business, or stop paying wages. Taxes hrblock com     Employment Taxes If you have employees, you will need to file forms to report employment taxes. Taxes hrblock com Employment taxes include the following items. Taxes hrblock com Social security and Medicare taxes. Taxes hrblock com Federal income tax withholding. Taxes hrblock com Federal unemployment (FUTA) tax. Taxes hrblock com For more information, see Publication 15 (Circular E), Employer's Tax Guide. Taxes hrblock com That publication explains your tax responsibilities as an employer. Taxes hrblock com To help you determine whether the people working for you are your employees, see Publication 15-A, Employer's Supplemental Tax Guide. Taxes hrblock com That publication has information to help you determine whether an individual is an independent contractor or an employee. Taxes hrblock com If you incorrectly classify an employee as an independent contractor, you may be held liable for employment taxes for that worker plus a penalty. Taxes hrblock com An independent contractor is someone who is self-employed. Taxes hrblock com You do not generally have to withhold or pay any taxes on payments made to an independent contractor. Taxes hrblock com Excise Taxes This section identifies some of the excise taxes you may have to pay and the forms you have to file if you do any of the following. Taxes hrblock com Manufacture or sell certain products. Taxes hrblock com Operate certain kinds of businesses. Taxes hrblock com Use various kinds of equipment, facilities, or products. Taxes hrblock com Receive payment for certain services. Taxes hrblock com For more information on excise taxes, see Publication 510, Excise Taxes. Taxes hrblock com Form 720. Taxes hrblock com   The federal excise taxes reported on Form 720, Quarterly Federal Excise Tax Return, consist of several broad categories of taxes, including the following. Taxes hrblock com Environmental taxes on the sale or use of ozone-depleting chemicals and imported products containing or manufactured with these chemicals. Taxes hrblock com Communications and air transportation taxes. Taxes hrblock com Fuel taxes. Taxes hrblock com Tax on the first retail sale of heavy trucks, trailers, and tractors. Taxes hrblock com Manufacturers taxes on the sale or use of a variety of different articles. Taxes hrblock com Tax on indoor tanning services. Taxes hrblock com Form 2290. Taxes hrblock com   There is a federal excise tax on the use of certain trucks, truck tractors, and buses on public highways. Taxes hrblock com The tax applies to vehicles having a taxable gross weight of 55,000 pounds or more. Taxes hrblock com Report the tax on Form 2290, Heavy Highway Vehicle Use Tax Return. Taxes hrblock com For more information, see the Instructions for Form 2290. Taxes hrblock com Depositing excise taxes. Taxes hrblock com   If you have to file a quarterly excise tax return on Form 720, you may have to deposit your excise taxes before the return is due. Taxes hrblock com For details on depositing excise taxes, see the Instructions for Form 720. Taxes hrblock com Information Returns If you make or receive payments in your business, you may have to report them to the IRS on information returns. Taxes hrblock com The IRS compares the payments shown on the information returns with each person's income tax return to see if the payments were included in income. Taxes hrblock com You must give a copy of each information return you are required to file to the recipient or payer. Taxes hrblock com In addition to the forms described below, you may have to use other returns to report certain kinds of payments or transactions. Taxes hrblock com For more details on information returns and when you have to file them, see the General Instructions for Certain Information Returns. Taxes hrblock com Form 1099-MISC. Taxes hrblock com   Use Form 1099-MISC, Miscellaneous Income, to report certain payments you make in your business. Taxes hrblock com These payments include the following items. Taxes hrblock com Payments of $600 or more for services performed for your business by people not treated as your employees, such as fees to subcontractors, attorneys, accountants, or directors. Taxes hrblock com Rent payments of $600 or more, other than rents paid to real estate agents. Taxes hrblock com Prizes and awards of $600 or more that are not for services, such as winnings on TV or radio shows. Taxes hrblock com Royalty payments of $10 or more. Taxes hrblock com Payments to certain crew members by operators of fishing boats. Taxes hrblock com You also use Form 1099-MISC to report your sales of $5,000 or more of consumer goods to a person for resale anywhere other than in a permanent retail establishment. Taxes hrblock com Form W-2. Taxes hrblock com   You must file Form W-2, Wage and Tax Statement, to report payments to your employees, such as wages, tips, and other compensation, withheld income, social security, and Medicare taxes. Taxes hrblock com You can file Form W-2 online. Taxes hrblock com For more information about Form W-2, see the General Instructions for Forms W-2 and W-3. Taxes hrblock com Penalties. Taxes hrblock com   The law provides for the following penalties if you do not file Form 1099-MISC or Form W-2 or do not correctly report the information. Taxes hrblock com For more information, see the General Instructions for Certain Information Returns. Taxes hrblock com Failure to file information returns. Taxes hrblock com This penalty applies if you do not file information returns by the due date, do not include all required information, or report incorrect information. Taxes hrblock com Failure to furnish correct payee statements. Taxes hrblock com This penalty applies if you do not furnish a required statement to a payee by the required date, do not include all required information, or report incorrect information. Taxes hrblock com Waiver of penalties. Taxes hrblock com   These penalties will not apply if you can show that the failure was due to reasonable cause and not willful neglect. Taxes hrblock com   In addition, there is no penalty for failure to include all required information, or for including incorrect information, on a de minimis (small) number of information returns if you correct the errors by August 1 of the year the returns are due. Taxes hrblock com (A de minimis number of returns is the greater of 10 or ½ of 1% of the total number of returns you are required to file for the year. Taxes hrblock com ) Form 8300. Taxes hrblock com   You must file Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business, if you receive more than $10,000 in cash in one transaction, or two or more related business transactions. Taxes hrblock com Cash includes U. Taxes hrblock com S. Taxes hrblock com and foreign coin and currency. Taxes hrblock com It also includes certain monetary instruments such as cashier's and traveler's checks and money orders. Taxes hrblock com Cash does not include a check drawn on an individual's personal account (personal check). Taxes hrblock com For more information, see Publication 1544, Reporting Cash Payments of Over $10,000 (Received in a Trade or Business). Taxes hrblock com Penalties. Taxes hrblock com   There are civil and criminal penalties, including up to 5 years in prison, for not filing Form 8300, filing (or causing the filing of) a false or fraudulent Form 8300, or structuring a transaction to evade reporting requirements. Taxes hrblock com Table 1-3. Taxes hrblock com Going Out of Business Checklists (Note. Taxes hrblock com The following checklists highlight the typical final forms and schedules you may need to file if you ever go out of business. Taxes hrblock com For more information, see the instructions for the listed forms. Taxes hrblock com ) IF you are liable for:   THEN you may need to: Income tax □ File Schedule C or C-EZ with your Form 1040 for the year in which you go out of business. Taxes hrblock com   □ File Form 4797 with your Form 1040 for each year in which you sell or exchange property used in your business or in which the business use of certain section 179 or listed property drops to 50% or less. Taxes hrblock com   □ File Form 8594 with your Form 1040 if you sold your business. Taxes hrblock com Self-employment tax □ File Schedule SE with your Form 1040 for the year in which you go out of business. Taxes hrblock com Employment taxes □ File Form 941 (or Form 944) for the calendar quarter in which you make final wage payments. Taxes hrblock com Note. Taxes hrblock com Do not forget to check the box and enter the date final wages were paid on line 15 of Form 941 or line 14 of Form 944. Taxes hrblock com   □ File Form 940 for the calendar year in which final wages were paid. Taxes hrblock com Note. Taxes hrblock com Do not forget to check box d, Final: Business closed or stopped paying wages, under Type of Return. Taxes hrblock com Information returns □ Provide Forms W-2 to your employees for the calendar year in which you make final wage payments. Taxes hrblock com Note. Taxes hrblock com These forms are generally due by the due date of your final Form 941 or Form 944. Taxes hrblock com   □ File Form W-3 to file Forms W-2. Taxes hrblock com Note. Taxes hrblock com These forms are generally due within 1 month after the due date of your final Form 941 or Form 944. Taxes hrblock com   □ Provide Forms 1099-MISC to each person to whom you have paid at least $600 for services (including parts and materials) during the calendar year in which you go out of business. Taxes hrblock com   □ File Form 1096 to file Forms 1099-MISC. Taxes hrblock com Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

SOI Tax Stats - About SOI

Return to Tax Stats home page

Ever wondered about what Statistics of Income (SOI) does or how it relates to the IRS and other government agencies? How long has SOI been collecting data? Want to know what we do and how we do it? You’ll find the answers here.

Purpose and Function of the SOI Program
Want to know how SOI came to be? Or why we came to be? Want to know about our organizational structure and why we do what we do? Look here.

The Work SOI Does
We work with numbers—all day, every day. Oh, but the fun we have doing it. Look here.

Careers with SOI
Consider a career with SOI.

Release and Dissemination of SOI's Statistical Products
Want to know when and how we release data to the public? Look here for information about releases of both preliminary and final versions of statistical products, and corrections to statistical products.

A History of the Statistics of Income Division from 1917 to 2007
Did you know that the income taxes have been levied since 1913? Or that three years later, a mandate declared that each year we'd need to publish statistics with respect to the operation of the tax law? These pages explain some of SOI's history and accomplishments.

SOI Informational Handout

Costs Incurred by the Internal Revenue Service, by Budget Activity and Fiscal Years

Internal Revenue Service Personnel Summary, by Employment Status and Type of Personnel

 


Careers with SOI || SOI Products and Services
SOI Studies  ||   SOI Advisory Panel  ||  SOI Home

Return to Tax Stats home page

Page Last Reviewed or Updated: 24-Mar-2014

The Taxes Hrblock Com

Taxes hrblock com Index A Alimony paid, Alimony paid. Taxes hrblock com Alimony received, Alimony received. Taxes hrblock com Annulment, Divorce or separation. Taxes hrblock com Assistance (see Tax help) B Basis of property, death of spouse, Death of spouse. Taxes hrblock com Business expenses, Business and investment expenses. Taxes hrblock com C Child tax credit, Child tax credit. Taxes hrblock com Civil service annuities, Civil service retirement. Taxes hrblock com Community income defined, Community or Separate Property and Income Community income, special rules, Certain community income not treated as community income by one spouse. Taxes hrblock com Community property defined, Community or Separate Property and Income Community property laws disregarded, Community Property Laws Disregarded Credits Child tax credit, Credits, Taxes, and Payments Earned income credit, Earned income credit. Taxes hrblock com CSRS annuities, Civil service retirement. Taxes hrblock com D Death of spouse, basis of property, Death of spouse. Taxes hrblock com Deductions Alimony paid, Deductions Business expenses, Deductions Investment expenses, Deductions IRA deduction, Deductions Personal expenses, Deductions Dependents, Exemptions Dividends, Dividends, interest, and rents. Taxes hrblock com Divorce, Divorce or separation. Taxes hrblock com Domestic partners, Registered domestic partners. Taxes hrblock com Domicile, Domicile E Earned income credit, Earned income credit. Taxes hrblock com End of the marital community, End of the Community Equitable relief, Equitable relief. Taxes hrblock com ESA withdrawals, Withdrawals from individual retirement arrangements (IRAs) and Coverdell Education Savings Accounts (ESAs). Taxes hrblock com Estimated tax payments, Estimated tax payments. Taxes hrblock com Exempt income, Tax-exempt income. Taxes hrblock com Exemptions Dependent, Exemptions Personal, Exemptions Extensions, Extension of time to file. Taxes hrblock com F FERS annuities, Civil service retirement. Taxes hrblock com Form 8958, Community or Separate Property and Income, Identifying Income, Deductions, and Credits, Dividends, interest, and rents. Taxes hrblock com , Separate Return Preparation Free tax services, Free help with your tax return. Taxes hrblock com G Gains and losses, Gains and losses. Taxes hrblock com H Help (see Tax help) I Income Alimony received, Income Civil service annuities, Income Dividends, Income Gains and losses, Income Interest, Income IRA distributions, Income Lump-sum distributions, Income Military retirement pay, Income Partnership income, Income Pensions, Income Rents, Income Separate income, Income from separate property. Taxes hrblock com Tax-exempt income, Income Wages, earnings, and profits, Income Innocent spouse relief, Relief from liability arising from community property law. Taxes hrblock com , Equitable relief. Taxes hrblock com Interest, Dividends, interest, and rents. Taxes hrblock com Investment expenses, Business and investment expenses. Taxes hrblock com IRA deduction, IRA deduction. Taxes hrblock com IRA distributions, Withdrawals from individual retirement arrangements (IRAs) and Coverdell Education Savings Accounts (ESAs). Taxes hrblock com J Joint return vs. Taxes hrblock com separate returns, Joint Return Versus Separate Returns L Lump-sum distributions, Lump-sum distributions. Taxes hrblock com M Military retirement pay, Military retirement pay. Taxes hrblock com N Nonresident alien spouse, Nonresident alien spouse. Taxes hrblock com O Overpayments, Overpayments. Taxes hrblock com P Partnership income, Partnership income. Taxes hrblock com Partnerships, self-employment tax, Partnerships. Taxes hrblock com Payments Estimated tax payments, Estimated tax payments. Taxes hrblock com Federal income tax withheld, Federal income tax withheld. Taxes hrblock com Pensions, Pensions. Taxes hrblock com Personal expenses, Personal expenses. Taxes hrblock com Publications (see Tax help) R Registered domestic partners, Registered domestic partners. Taxes hrblock com Relief from liability arising from community property law, Relief from liability arising from community property law. Taxes hrblock com Rents, Dividends, interest, and rents. Taxes hrblock com S Self-employment tax Partnership, Self-employment tax. Taxes hrblock com Sole proprietorship, Self-employment tax. Taxes hrblock com Separate income defined, Separate income. Taxes hrblock com Separate property defined, Community or Separate Property and Income Separate property income, Income from separate property. Taxes hrblock com Separate returns Extensions, Extension of time to file. Taxes hrblock com Separate returns vs. Taxes hrblock com joint return, Joint Return Versus Separate Returns Separated spouses, Spouses living apart all year. Taxes hrblock com Separation agreement, Divorce or separation. Taxes hrblock com Sole proprietorship, self-employment tax, Sole proprietorship. Taxes hrblock com Spousal agreements, Spousal agreements. Taxes hrblock com Spouses living apart, Spouses living apart all year. Taxes hrblock com T Tax help, How To Get Tax Help Tax-exempt income, Tax-exempt income. Taxes hrblock com TTY/TDD information, How To Get Tax Help W Wages, earnings, and profits, Wages, earnings, and profits. Taxes hrblock com Withholding tax, Federal income tax withheld. Taxes hrblock com Prev  Up     Home   More Online Publications