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Turbo State Tax Free

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Turbo State Tax Free

Turbo state tax free 37. Turbo state tax free   Otros Créditos Table of Contents Qué Hay de Nuevo Introduction Useful Items - You may want to see: Créditos no ReembolsablesCrédito por Adopción Crédito por Vehículo Motorizado Alternativo Crédito por Bienes de Reabastecimiento de Vehículos con Combustible Alternativo Crédito para Titulares de Bonos de Crédito Tributario Crédito por Impuestos Extranjeros Crédito por Intereses Hipotecarios Crédito no Reembolsable del Impuesto Mínimo de Años Anteriores Crédito por Vehículos Enchufables con Motor de Dirección Eléctrica Créditos por Energía de la Propiedad Residencial Crédito por Aportaciones a Cuentas de Ahorro para la Jubilación (Crédito del Ahorrador) Créditos ReembolsablesCrédito por el Impuesto sobre Ganancias de Capital no Distribuidas Crédito Tributario por Cobertura del Seguro Médico Crédito por Retención en Exceso del Impuesto del Seguro Social o del Impuesto de la Jubilación Ferroviaria Qué Hay de Nuevo Crédito por adopción. Turbo state tax free . Turbo state tax free  El crédito máximo por adopción es $12,970 para el año 2013. Turbo state tax free Vea Crédito por Adopción . Turbo state tax free Crédito por vehículo electrónico enchufable. Turbo state tax free  El crédito por vehículos electrónicos enchufables ha vencido. Turbo state tax free Crédito reembolsable del impuesto mínimo de años anteriores. Turbo state tax free   La parte reembolsable del crédito del impuesto mínimo alternativo de años anteriores ha vencido. Turbo state tax free Retención en exceso de los impuestos al Seguro Social y a la jubilación ferroviaria. Turbo state tax free . Turbo state tax free  Tanto los impuestos al Seguro Social como los impuestos del nivel 1 de jubilación ferroviaria (RRTA, por sus siglas en inglés) fueron retenidos de los salarios hasta el límite de $113,700 a una tasa de 6. Turbo state tax free 2% durante 2013. Turbo state tax free Si durante 2013, usted trabajó para más de un empleador y se le retuvo demasiado impuesto al Seguro Social o de jubilación ferroviaria, podría tener derecho a un crédito por la retención en exceso. Turbo state tax free Vea Crédito por Retención en Exceso del Impuesto del Seguro Social o deI Impuesto de la Jubilación Ferroviaria . Turbo state tax free Introduction Este capítulo trata de los siguientes créditos no reembolsables: Crédito por adopción. Turbo state tax free Crédito por vehículo motorizado alternativo. Turbo state tax free Crédito por bienes de reabastecimiento de vehículos con combustible alternativo. Turbo state tax free Crédito para titulares de bonos de crédito tributario. Turbo state tax free Crédito por impuestos extranjeros. Turbo state tax free Crédito por intereses hipotecarios. Turbo state tax free Crédito no reembolsable del impuesto mínimo de años anteriores. Turbo state tax free Crédito por vehículos enchufables con motor de dirección eléctrica. Turbo state tax free Créditos por energía de la propiedad residencial. Turbo state tax free Crédito por aportaciones a arreglos de ahorros para la jubilación. Turbo state tax free Este capítulo trata también de los siguientes créditos reembolsables: Crédito por el impuesto sobre ganancias de capital no distribuidas. Turbo state tax free Crédito tributario por cobertura del seguro médico. Turbo state tax free Crédito por retención en exceso del impuesto del Seguro Social o del impuesto de la jubilación ferroviaria. Turbo state tax free En otros capítulos de esta publicación, se explican otros créditos. Turbo state tax free Crédito por gastos del cuidado de menores y dependientes (capítulo 32). Turbo state tax free Crédito para ancianos o personas incapacitadas (capítulo 33). Turbo state tax free Crédito tributario por hijos (capítulo 34). Turbo state tax free Créditos tributarios por estudios (capítulo 35). Turbo state tax free Crédito por ingreso del trabajo (capítulo 36). Turbo state tax free Créditos no reembolsables. Turbo state tax free   La primera parte de este capítulo, Créditos no Reembolsables , abarca diez créditos que se restan de sus impuestos. Turbo state tax free Puede ser que estos créditos reduzcan los impuestos a cero. Turbo state tax free Si estos créditos superan el total de sus impuestos, no se le devuelve el excedente. Turbo state tax free Créditos reembolsables. Turbo state tax free   La segunda parte de este capítulo, Créditos Reembolsables , abarca tres créditos que se consideran pagos y que le pueden ser reembolsados. Turbo state tax free Estos créditos se agregan a los impuestos federales sobre el ingreso retenidos y todo pago de impuesto estimado que haya hecho. Turbo state tax free Si el total de éstos es superior al total de los impuestos, se le reembolsará el excedente. Turbo state tax free Useful Items - You may want to see: Publicación 502 Medical and Dental Expenses (Gastos médicos y dentales), en inglés 514 Foreign Tax Credit for Individuals (Crédito por impuestos del extranjero para personas físicas), en inglés 530 Tax Information for Homeowners (Información tributaria para propietarios de vivienda), en inglés 590 Individual Retirement Arrangements (IRAs) (Arreglos de ahorros para la jubilación (Arreglos IRA)), en inglés Formulario (e Instrucciones) 1116 Foreign Tax Credit (Crédito por impuestos extranjeros), en inglés 2439 Notice to Shareholder of Undistributed Long-Term Capital Gains (Aviso al accionista de ganancias de capital a largo plazo no distribuidas), en inglés 5695 Residential Energy Credits (Créditos por energía de la propiedad residencial), en inglés 8396 Mortgage Interest Credit (Crédito por intereses hipotecarios), en inglés 8801 Credit For Prior Year Minimum Tax – Individuals, Estates, and Trusts (Crédito del impuesto mínimo de años anteriores–personas físicas, caudales hereditarios o fideicomisos), en inglés 8828 Recapture of Federal Mortgage Subsidy (Recuperación del subsidio hipotecario federal), en inglés 8839 Qualified Adoption Expenses (Gastos de adopción calificados), en inglés 8880 Credit for Qualified Retirement Savings Contributions (Crédito por aportaciones calificadas a arreglos de ahorros para la jubilación), en inglés 8885 Health Coverage Tax Credit (Crédito tributario por cobertura del seguro médico), en inglés 8910 Alternative Motor Vehicle Credit (Crédito por vehículo motorizado alternativo), en inglés 8911 Alternative Fuel Vehicle Refueling Property Credit (Crédito por bienes de reabastecimiento de vehículos de combustible alternativo), en inglés 8912 Credit to Holders of Tax Credit Bonds (Crédito para titulares de bonos de crédito tributario), en inglés 8936 Qualified Plug-In Electric Drive Motor Vehicle Credit (Crédito por vehículos enchufables con motor de dirección eléctrica que reúnen los requisitos), en inglés Créditos no Reembolsables Los créditos tratados en esta parte del capítulo pueden reducir los impuestos. Turbo state tax free No obstante, si el total de estos créditos supera el total de sus impuestos, no se le devuelve el excedente. Turbo state tax free Crédito por Adopción Tal vez pueda tomar un crédito tributario de hasta $12,970 por gastos calificados que se hayan pagado para adoptar a un niño que reúna los requisitos. Turbo state tax free El crédito podría permitirse en el caso de la adopción de un niño con necesidades especiales aunque usted no tenga gastos calificados. Turbo state tax free El crédito se reduce si tiene ingresos brutos modificados (MAGI, por sus siglas en inglés) mayores de $194,580. Turbo state tax free Si tiene ingresos brutos modificados iguales o mayores de $234,580 no puede reclamar el crédito. Turbo state tax free Gastos de adopción calificados. Turbo state tax free   Los gastos de adopción calificados son gastos razonables y necesarios directamente relacionados con la adopción legal de un hijo que reúna los requisitos y cuyo fin sea la adopción legal. Turbo state tax free Dichos gastos abarcan: Honorarios de adopción, Costos judiciales, Honorarios de abogado, Gastos de viaje (incluyendo gastos de comida y alojamiento) mientras esté fuera de casa y Gastos de readopción para adoptar a un niño extranjero. Turbo state tax free Gastos no calificados. Turbo state tax free   Los gastos de adopción calificados no abarcan gastos: Que infrinjan la ley estatal o federal, Para llevar a cabo un acuerdo para autorizar los cuidados de un tutor (o padre sustituto), Por la adopción del hijo de su cónyuge, Para los cuales haya recibido fondos conforme a algún programa federal, estatal o local, Permitidos como crédito o deducción conforme a algún otro requisito de los impuestos federales sobre el ingreso o Pagados o reembolsados por su empleador o alguna otra persona u organización. Turbo state tax free Hijo que reúne los requisitos. Turbo state tax free   El término “hijo que reúne los requisitos” designa a toda persona que: Tenga menos de 18 años de edad o Esté física o mentalmente incapacitada para cuidar de sí misma. Turbo state tax free Hijo con necesidades especiales. Turbo state tax free   Un hijo con necesidades especiales reúne los requisitos si se dan las tres condiciones siguientes: El hijo fue ciudadano o residente de los Estados Unidos (incluyendo posesiones (territorios no autónomos) de los EE. Turbo state tax free UU. Turbo state tax free ) al iniciarse los trámites de adopción. Turbo state tax free Un estado (incluido el Distrito de Columbia) ha determinado que el hijo no puede o no debe ser devuelto al hogar de sus padres. Turbo state tax free El estado ha decidido que el hijo no puede ser adoptado a no ser que se les proporcione ayuda a los padres adoptivos. Turbo state tax free Los factores que los estados usan para llegar a esta determinación incluyen los siguientes: El origen étnico del hijo, La edad del hijo, Si el hijo es miembro de un grupo de minoría o tiene hermanos o hermanas y Si el hijo padece de una afección médica o un impedimento físico, mental o emocional. Turbo state tax free Cuándo reclamar el crédito. Turbo state tax free   Generalmente, hasta finalizar la adopción, se toma el crédito en el año siguiente al año en el que se hayan ocasionado o pagado los gastos calificados. Turbo state tax free Si se concluye el proceso de adopción, reclame el crédito en el año en el que se hayan ocasionado o pagado los gastos. Turbo state tax free Vea las Instrucciones del Formulario 8839 para más información sobre cuándo se debe reclamar el crédito. Turbo state tax free Hijo extranjero. Turbo state tax free   Si el hijo no es ciudadano o residente de los EE. Turbo state tax free UU. Turbo state tax free al empezar los trámites de adopción, usted no puede reclamar el crédito a menos que concluya el proceso de adopción. Turbo state tax free Todo gasto de adopción que se haya ocasionado o pagado en años anteriores al finalizar el proceso de adopción se considera ocasionado o pagado en el año en que se concluya dicho proceso. Turbo state tax free Cómo reclamar el crédito. Turbo state tax free   Calcule su crédito no reembolsable de 2013 y cualquier crédito que está traspasando a el 2014 en el Formulario 8839 y adjúntelo a su Formulario 1040. Turbo state tax free Incluya el crédito en el total de la línea 53 del Formulario 1040. Turbo state tax free Marque la casilla c y anote “8839” en la línea que se encuentra junto a esa casilla. Turbo state tax free Más información. Turbo state tax free   Para información adicional, vea las Instrucciones del Formulario 8839, en inglés. Turbo state tax free Crédito por Vehículo Motorizado Alternativo Quizás pueda reclamar este crédito si pone en uso un vehículo motorizado de pila de combustible calificado en 2013. Turbo state tax free Cantidad del crédito. Turbo state tax free   Generalmente, puede basarse en la certificación del fabricante al IRS para saber si un vehículo de cierta marca, modelo y año reúne los requisitos para el crédito y para la cantidad máxima del mismo por el cual reúne los requisitos. Turbo state tax free Si se trata de un fabricante extranjero, por lo general, puede basarse en la certificación de su distribuidor nacional al IRS. Turbo state tax free    Normalmente, la cantidad del crédito suele ser el 100% del crédito máximo permisible tal y como lo certifique el fabricante (o el distribuidor nacional al IRS). Turbo state tax free Cómo reclamar el crédito. Turbo state tax free   Para tomar el crédito, tiene que completar el Formulario 8910 y adjuntarlo al Formulario 1040. Turbo state tax free Incluya el crédito en el total de la línea 53 del Formulario 1040. Turbo state tax free Marque el recuadro c y anote “8910” en la línea al lado de dicho recuadro. Turbo state tax free Información adicional. Turbo state tax free   Para más información sobre el crédito, vea las Instrucciones del Formulario 8910. Turbo state tax free Crédito por Bienes de Reabastecimiento de Vehículos con Combustible Alternativo Tal vez pueda tomar un crédito si pone en uso en 2013 bienes de reabastecimiento de vehículos con combustible alternativo calificados. Turbo state tax free Bienes de reabastecimiento de vehículos de combustible alternativo calificados. Turbo state tax free   Los bienes de reabastecimiento de vehículos de combustible alternativo calificados son aquéllos (que no sean edificios ni los componentes estructurales de los mismos) que se utilicen para cualquiera de los siguientes: Para almacenar o surtir un combustible alternativo en el tanque de combustible de un vehículo de motor propulsado por dicho combustible, pero sólo si el proceso de almacenamiento o reabastecimiento se lleva a cabo en el sitio donde el combustible se coloca en ese tanque. Turbo state tax free Para recargar un vehículo eléctrico, pero sólo si la propiedad de recarga se encuentra en el lugar donde se recarga el vehículo. Turbo state tax free   Los siguientes son combustibles alternativos: Todo combustible del cual por lo menos el 85% del volumen consiste en uno o más de los siguientes: etanol, gas natural, gas natural comprimido, gas natural licuado, gas licuado de petróleo o hidrógeno. Turbo state tax free Toda mezcla que consista en dos o más de los siguientes: biodiésel, gasóleo (gasolina diésel) o queroseno y de la cual por lo menos el 20% del volumen consiste en biodiésel según determinado sin tener en cuenta cantidad alguna de queroseno. Turbo state tax free Electricidad. Turbo state tax free Cantidad del crédito. Turbo state tax free   Para bienes de uso personal, el crédito suele ser la cantidad menor entre el 30% del costo de dichos bienes o $1,000. Turbo state tax free Para bienes de uso comercial, el crédito suele ser la cantidad menor entre el 30% del costo de dichos bienes o $30,000. Turbo state tax free Cómo reclamar el crédito. Turbo state tax free   Para tomar el crédito, tiene que completar el Formulario 8911 y adjuntarlo al Formulario 1040. Turbo state tax free Incluya el crédito en el total de la línea 53 del Formulario 1040. Turbo state tax free Marque el recuadro c y anote “8911” en la línea al lado de dicho recuadro. Turbo state tax free Información adicional. Turbo state tax free   Para más información sobre el crédito, vea las instrucciones del Formulario 8911, en inglés. Turbo state tax free Crédito para Titulares de Bonos de Crédito Tributario Los bonos de crédito tributario son bonos de los cuales el titular recibe un crédito tributario en vez de los intereses sobre el bono, o una parte de los mismos. Turbo state tax free Tal vez pueda reclamar un crédito si es titular de uno de los siguientes bonos: Bonos de energía limpia y renovable (emitidos antes de 2010). Turbo state tax free Bonos de energía limpia y renovable nuevos. Turbo state tax free Bonos calificados de ahorro de energía. Turbo state tax free Bonos calificados de construcción de escuelas. Turbo state tax free Bonos para zonas de academia calificadas. Turbo state tax free Bonos de construcción de proyectos públicos en los Estados Unidos (Bonos Build America). Turbo state tax free En algunos casos, un emisor puede optar por recibir un crédito correspondiente a los intereses pagados sobre el bono. Turbo state tax free Si el emisor elige esta opción, usted no puede también reclamar un crédito. Turbo state tax free Ingresos procedentes de intereses. Turbo state tax free   La cantidad de todo crédito tributario permitido (calculado antes de aplicarse los límites de responsabilidad tributaria) se tiene que incluir en la declaración como ingresos procedentes de intereses. Turbo state tax free Cómo reclamar el crédito. Turbo state tax free   Complete el Formulario 8912 y adjúntelo al Formulario 1040. Turbo state tax free Incluya el crédito en el total de la línea 53 del Formulario 1040. Turbo state tax free Marque el recuadro c y anote “8912” en la línea al lado de dicho recuadro. Turbo state tax free Información adicional. Turbo state tax free   Para más información, vea las Instrucciones del Formulario 8912, en inglés. Turbo state tax free Crédito por Impuestos Extranjeros Generalmente, puede optar por declarar un crédito por los impuestos sobre el ingreso pagados o acumulados por usted a lo largo del año a un país extranjero o posesión (territorio no autónomo) de los Estados Unidos, aplicándolo como crédito contra el impuesto sobre el ingreso de los Estados Unidos. Turbo state tax free O puede deducirlos como una deducción detallada (vea el capítulo 22). Turbo state tax free No puede reclamar un crédito (ni una deducción) por impuestos sobre el ingreso extranjero pagado sobre ingresos que se excluyan del impuesto de los EE. Turbo state tax free UU. Turbo state tax free en los siguientes casos: Exclusión de ingresos ganados de fuentes en el extranjero. Turbo state tax free Exclusión por concepto de vivienda en el extranjero. Turbo state tax free Ingresos de fuentes en Puerto Rico exentos de impuestos de los Estados Unidos. Turbo state tax free Exclusión en las posesiones (territorios no autónomos) de los Estados Unidos. Turbo state tax free Límite del crédito. Turbo state tax free   A menos que decida no presentar el Formulario 1116 (vea Excepción , más adelante), el crédito por impuestos extranjeros pagados no puede superar los impuestos a pagar al gobierno de los Estados Unidos (línea 44 del Formulario 1040), multiplicados por una fracción. Turbo state tax free El numerador de esta fracción será los ingresos tributables de fuentes fuera de los Estados Unidos. Turbo state tax free El denominador será el total de los ingresos tributables de fuentes en los Estados Unidos y en el extranjero. Turbo state tax free Vea la Publicación 514, en inglés, para más información. Turbo state tax free Cómo reclamar el crédito. Turbo state tax free   Complete el Formulario 1116 y adjúntelo al Formulario 1040. Turbo state tax free Anote el crédito en la línea 47 del Formulario 1040. Turbo state tax free Excepción. Turbo state tax free   No necesita llenar el Formulario 1116 para reclamar el crédito si se dan todas las siguientes condiciones: Todos sus ingresos brutos de fuentes en el extranjero provienen de intereses y dividendos y dichos ingresos en su totalidad más los impuestos extranjeros que se pagaron sobre esos ingresos se les informaron a usted en el Formulario 1099-INT, Formulario 1099-DIV o en el Anexo K-1 (o un documento similar sustitutivo). Turbo state tax free Si usted tuvo ingreso de dividendos provenientes de participación en acciones, usted mantuvo en tenencia dichas acciones por lo menos 16 dias. Turbo state tax free No está presentando el Formulario 4563 ni excluyendo ingresos provenientes de fuentes en Puerto Rico. Turbo state tax free El total de los impuestos extranjeros no era superior a $300 ($600 si es casado que presenta una declaración conjunta). Turbo state tax free Todos sus impuestos extranjeros fueron: Adeudados legalmente y no reunían los requisitos para un reembolso y Pagados a países que son reconocidos como tal por los Estados Unidos y que no apoyan el terrorismo. Turbo state tax free Más información. Turbo state tax free   Para información más detallada acerca del crédito y estos requisitos, vea las Instrucciones del Formulario 1116, en inglés. Turbo state tax free Crédito por Intereses Hipotecarios El crédito por intereses hipotecarios tiene la finalidad de ayudar a personas de bajos recursos a comprar una vivienda. Turbo state tax free Si reúne los requisitos, puede reclamar el crédito cada año para una parte de los intereses hipotecarios de vivienda que pague. Turbo state tax free Quién reúne los requisitos. Turbo state tax free   Tal vez pueda reclamar el crédito si un gobierno estatal o local le emitió un certificado de crédito hipotecario que reúne los requisitos (MCC, por sus siglas en inglés). Turbo state tax free Generalmente, un MCC se emite sólo en relación con una nueva hipoteca para la compra de su vivienda principal. Turbo state tax free Cantidad del crédito. Turbo state tax free   Calcule su crédito en el Formulario 8396. Turbo state tax free Si la cantidad del préstamo hipotecario es igual (o menor que) a la cantidad adeudada confirmada (préstamo) que aparece en el MCC, anote en la línea 1 del Formulario 8396 todos los intereses que haya pagado sobre la hipoteca durante el año. Turbo state tax free   Si la cantidad del préstamo hipotecario es mayor que la cantidad adeudada confirmada que aparece en el MCC, puede calcular el crédito sólo sobre una parte de los intereses que haya pagado. Turbo state tax free Para encontrar la cantidad que debe anotar en la línea 1, multiplique por la siguiente fracción el total de los intereses que haya pagado sobre una hipoteca a lo largo del año. Turbo state tax free      Cantidad adeudada confirmada que aparece en el MCC     Cantidad original de la hipoteca      Límite basado en la tasa de crédito. Turbo state tax free   Si la tasa de crédito del certificado es superior al 20%, el crédito que se le permita no puede sobrepasar $2,000. Turbo state tax free Si dos o más personas (que no sean un matrimonio que presente una declaración conjunta) tienen una participación en la vivienda a la que se refiere el MCC, este límite de $2,000 tiene que dividirse según la participación de cada persona. Turbo state tax free Vea la Publicación 530, en inglés, para información adicional. Turbo state tax free Traspasos a un año posterior. Turbo state tax free   El crédito (luego de aplicar el límite basado en la tasa de crédito) también está sujeto a un límite basado en el impuesto calculado en el Formulario 8396. Turbo state tax free Si el crédito permitido disminuye a causa de este límite sobre los impuestos adeudados, puede traspasar la parte del crédito que no haya utilizado a los 3 próximos años o hasta que se utilice en su totalidad, lo que ocurra primero. Turbo state tax free   Si está sujeto al límite de los $2,000 debido a que la tasa de crédito del certificado es superior al 20%, no puede traspasar a un año posterior ninguna cantidad superior a $2,000 (o, en el caso de que tenga que dividir el crédito, la parte de los $2,000 que le corresponda). Turbo state tax free Cómo reclamar el crédito. Turbo state tax free    Calcule el crédito de 2013, y toda cantidad que se haya traspasado a 2014, en el Formulario 8396 y adjúntelo al Formulario 1040. Turbo state tax free Cerciórese de incluir todo crédito traspasado, correspondiente a 2010, 2011 y 2012. Turbo state tax free   Incluya el crédito en el total de la línea 53 del Formulario 1040. Turbo state tax free Marque el recuadro c y escriba “8396” en la línea al lado de dicho recuadro. Turbo state tax free Reducción de la deducción por intereses sobre una hipoteca de vivienda. Turbo state tax free   Si detalla sus deducciones en el Anexo A del Formulario 1040, tiene que restar la cantidad del crédito por intereses hipotecarios, indicada en la línea 3 del Formulario 8396, de la deducción por intereses sobre una hipoteca de vivienda. Turbo state tax free Tiene que hacerlo aunque parte de dicha cantidad se traspase a 2014. Turbo state tax free Para más información sobre la deducción por intereses sobre una hipoteca de vivienda, vea el capítulo 23. Turbo state tax free Recuperación del subsidio hipotecario federal. Turbo state tax free   Si recibió un MCC junto con el préstamo hipotecario, podría verse obligado a recuperar (reintegrar) todo o parte del beneficio que haya recibido de ese programa. Turbo state tax free Se le podría exigir esta recuperación si vende o enajena su vivienda con ganancias durante los 9 años siguientes al cierre de su préstamo hipotecario. Turbo state tax free Vea las Instrucciones para el Formulario 8828, disponibles en inglés, y el capítulo 15 para más información. Turbo state tax free Más información. Turbo state tax free   Para información más detallada acerca del crédito, vea las instrucciones del Formulario 8396, en inglés. Turbo state tax free Crédito no Reembolsable del Impuesto Mínimo de Años Anteriores La ley tributaria concede un trato especial a ciertos tipos de ingresos y permite deducciones y créditos especiales para algunos tipos de gastos. Turbo state tax free Si se beneficia de estas leyes, podría verse obligado a pagar por lo menos una cantidad mínima de impuestos además de cualquier otro impuesto sobre estas partidas. Turbo state tax free A esto se le llama impuesto mínimo alternativo (AMT, por sus siglas en inglés). Turbo state tax free El trato especial de ciertas partidas de ingresos y gastos sólo le permite aplazar el pago de los impuestos hasta un año posterior. Turbo state tax free Si pagó el impuesto mínimo alternativo en años anteriores a causa de estas partidas tributarias postergadas, tal vez pueda reclamar un crédito por el impuesto mínimo de años anteriores, a favor del impuesto habitual del año en curso. Turbo state tax free Quizás pueda reclamar un crédito y aplicarlo a favor del impuesto habitual si en 2012 tuvo: Impuesto mínimo alternativo adeudado y ajustes o partidas con beneficio tributario que no sean conceptos a excluirse, Un crédito del impuesto mínimo que traspase a 2013 o Un crédito no permitido por vehículos eléctricos calificados. Turbo state tax free Cómo reclamar el crédito. Turbo state tax free    Calcule el crédito no reembolsable de 2013 (de haberlo), y toda cantidad que se haya traspasado a 2014, en el Formulario 8801 y adjúntelo al Formulario 1040. Turbo state tax free Incluya el crédito en el total de la línea 53 del Formulario 1040 y marque el recuadro b. Turbo state tax free Puede traspasar a años posteriores, hasta agotarlo, todo crédito del impuesto mínimo de años anteriores que no se haya utilizado. Turbo state tax free Información adicional. Turbo state tax free   Para más información sobre el crédito, vea las Instrucciones del Formulario 8801, en inglés. Turbo state tax free Crédito por Vehículos Enchufables con Motor de Dirección Eléctrica Es posible que pueda tomar este crédito si, en 2013, puso en uso por fines de negocios o personales un vehículo enchufable con motor de dirección eléctrica o un vehículo eléctrico enchufable de dos o tres ruedas y dicho vehículo reúne los requisitos. Turbo state tax free Vehículos enchufables con motor de dirección eléctrica y que reúnen los requisitos. Turbo state tax free   El vehículo reúne los requisitos si es un vehículo nuevo con, por lo menos, cuatro llantas que: Es impulsado en su mayoría por un motor eléctrico que funciona con electricidad generada por una batería que tenga una capacidad de no menos de 4 kilovatios-horas y se puede recargar mediante una fuente externa de energía y El peso bruto del vehículo es menos de 14,000 libras. Turbo state tax free Vehículos eléctricos enchufables de dos o tres ruedas que reúnen los requisitos. Turbo state tax free   El vehículo reúne los requisitos si es un vehículo nuevo con dos o tres ruedas que: Tiene la capacidad de llegar a una velocidad de 45 millas por hora o más, Es impulsado en su mayoría por un motor eléctrico que funciona con electricidad generada por una batería que tenga una capacidad de no menos de 2. Turbo state tax free 5 kilovatios-horas y se puede recargar mediante una fuente externa de energía y El peso bruto del vehículo es menos de 14,000 libras. Turbo state tax free Certificación y otros requisitos   Generalmente, puede basarse en la certificación del fabricante al IRS (o en el caso de un fabricante extranjero, en la certificación del distribuidor doméstico) para saber si la marca, modelo y años específicos de un vehículo reúnen los requisitos del crédito y, si es aplicable, la cantidad del crédito para el cual califica. Turbo state tax free Sin embargo, si el IRS publica un aviso anunciando que la certificación de alguna marca, modelo y año ha sido retirada, usted no puede basarse en la certificación del vehículo si fue comprado después de la fecha de la publicación del aviso del retiro. Turbo state tax free   También tiene que cumplir los requisitos siguientes para calificar para el crédito: Usted es el dueño del vehículo. Turbo state tax free Si el vehículo es arrendado, sólo el arrendador, y no el arrendatario, tiene derecho al crédito. Turbo state tax free El vehículo fue puesto en servicio en 2013. Turbo state tax free El vehículo es fabricado principalmente para uso en calles, caminos y carreteras públicas. Turbo state tax free El uso original del vehículo comenzó con usted. Turbo state tax free Adquirió el vehículo para utilizarlo usted mismo o para el arrendamiento a un tercero y no para revenderlo. Turbo state tax free En el caso de un vehículo eléctrico enchufable de dos o tres ruedas que reúna los requisitos, el vehículo tiene que haber sido adquirido después de 2011 y antes de 2014. Turbo state tax free Utiliza el vehículo principalmente en los Estados Unidos. Turbo state tax free Cómo reclamar el crédito. Turbo state tax free   Para tomar el crédito, tiene que completar el Formulario 8936 y adjuntarlo a su Formulario 1040. Turbo state tax free Incluya el crédito en el total de la línea 53 del Formulario 1040. Turbo state tax free Marque el recuadro c y anote “8936” en la línea al lado de dicho recuadro. Turbo state tax free    Más información. Turbo state tax free   Para más información acerca del crédito, vea las instrucciones del Formulario 8936, en inglés. Turbo state tax free Créditos por Energía de la Propiedad Residencial Podría tener derecho a uno o los dos siguientes créditos si hizo mejoras para conservar energía en su vivienda ubicada en los Estados Unidos en 2013. Turbo state tax free Crédito tributario por energía de la propiedad no empresarial. Turbo state tax free Crédito de eficiencia energética para propiedades residenciales. Turbo state tax free Si es integrante de un comité de administración de condominios para un condominio del que sea dueño o inquilino-accionista de una sociedad anónima de cooperativa de viviendas, se considera que ha pagado la parte proporcionada que le corresponde de todo costo de tal comité o sociedad anónima para fines de estos créditos. Turbo state tax free Crédito tributario por energía de la propiedad no empresarial. Turbo state tax free   Tal vez pueda tomar un crédito igual a la suma de: El 10% de los costos pagados para mejoras de eficiencia energética instaladas en 2013 y Todo costo pagado o incurrido para energía de la propiedad residencial en 2013. Turbo state tax free   Existe un límite vitalicio de $500 para todos los años posteriores al año 2005, de lo que sólo $200 pueden ser por ventanas; $50 por un ventilador de circulación de aire principal avanzado; $150 por un calentador de agua a base de gas natural propano o petróleo; y $300 por cualquier artículo de eficiencia energética para propiedades residenciales. Turbo state tax free Si la cantidad total de los créditos tributarios por energía de la propiedad no empresarial que ha tomado en años previos (después del 2005) es más de $500, no puede tomar este crédito en el año 2013. Turbo state tax free Las mejoras de eficiencia energética que reúnen los requisitos son las siguientes mejoras siempre y cuando sean nuevas, se espere que sigan en uso por lo menos 5 años y cumplan determinados requisitos de la eficiencia energética: Todo material aislante o sistema que haya sido diseñado expresa y principalmente para reducir la pérdida o el aumento de temperatura (calentamiento) en una vivienda. Turbo state tax free Ventanas exteriores (incluidos tragaluces). Turbo state tax free Puertas exteriores. Turbo state tax free Todo techo de metal o asfalto que tenga capas pigmentadas o gránulos de enfriamiento adecuados que hayan sido diseñados expresa y principalmente para reducir el aumento de temperatura (calentamiento) de la vivienda. Turbo state tax free Se considera que la propiedad de energía residencial es cualquiera de los siguientes aparatos: Determinados calentadores eléctricos de agua con bomba de calor, bombas de calor eléctricas, acondicionadores de aire centrales, calentadores de agua a gas natural, propano o petróleo; y estufas que consumen combustibles de biomasa. Turbo state tax free Calderas de gas natural, propano o petróleo que reúnen los requisitos; y calderas de agua caliente a gas natural, propano o petróleo que reúnen los requisitos. Turbo state tax free Determinados ventiladores de circulación de aire principal avanzados que sean componentes de las calderas de gas natural, propano o petróleo. Turbo state tax free Crédito por energía eficaz de la propiedad residencial. Turbo state tax free   Quizás pueda tomar un crédito del 30% de los costos de propiedad eléctrica de energía solar, propiedad de calentamiento de agua por energía solar, propiedad de pilas de combustible, propiedad eólica de menor tamaño y propiedad de bomba de calor geotérmico. Turbo state tax free En el caso de costos pagados por propiedad de pilas de combustible que reúne los requisitos, la cantidad del crédito está limitada a $500 por cada medio kilovatio de capacidad de dicha propiedad. Turbo state tax free Reducción en la base. Turbo state tax free   Tiene que reducir la base de su vivienda por la cantidad de todo crédito permitido. Turbo state tax free Cómo reclamar el crédito. Turbo state tax free   Complete el Formulario 5695 y adjúntelo al Formulario 1040. Turbo state tax free Anote el crédito en la línea 52 del Formulario 1040. Turbo state tax free Información adicional. Turbo state tax free   Para más información sobre estos créditos, vea las instrucciones del Formulario 5695, en inglés. Turbo state tax free Crédito por Aportaciones a Cuentas de Ahorro para la Jubilación (Crédito del Ahorrador) Podría reclamar este crédito si usted, o su cónyuge si presenta una declaración conjunta, hizo: Aportaciones (que no sean reinversiones) a un arreglo IRA tradicional o un arreglo Roth IRA, Aplazamientos optativos a un plan conforme a la sección 401(k) o 403(b) (incluidas aportaciones a un arreglo designado Roth) o a un plan SEP, SIMPLE o plan gubernamental conforme a la sección 457, Aportaciones voluntarias del empleado a un plan de jubilación que reúna los requisitos (incluido el Thrift Savings Plan (Cuenta de Ahorros de Jubilación) para empleados del gobierno federal) o Aportaciones a un plan conforme a la sección 501(c)(18)(D). Turbo state tax free No obstante, no puede reclamar el crédito si se da cualquiera de las siguientes situaciones: La cantidad de la línea 38 del Formulario 1040 o de la línea 22 del Formulario 1040A es mayor de $29,500 ($44,250 si es cabeza de familia; $59,000 si es casado que presenta una declaración conjunta). Turbo state tax free La persona que hizo la aportación o el aplazamiento optativo que reúne los requisitos (a) nació después del 1 de enero de 1996, (b) ha sido declarado como dependiente en la declaración de impuestos de 2013 de otra persona o (c) era estudiante (se define a continuación). Turbo state tax free Estudiante. Turbo state tax free   Usted era estudiante si, durante alguna parte de cada uno de 5 meses del año natural de 2013: Estaba matriculado en una escuela como estudiante a tiempo completo o Tomó un curso a tiempo completo de capacitación agrícola ofrecido en terreno por una escuela o por una agencia del estado, condado o gobierno local. Turbo state tax free Escuela. Turbo state tax free   El término “escuela” abarca escuelas politécnicas, profesionales e industriales. Turbo state tax free Una escuela no incluye un curso de capacitación en el trabajo, escuela por correspondencia, ni escuelas que ofrecen cursos sólo por Internet. Turbo state tax free Cómo reclamar el crédito. Turbo state tax free   Calcule el crédito en el Formulario 8880. Turbo state tax free Anote el crédito en la línea 50 del Formulario 1040 o la línea 32 del Formulario 1040A y adjunte el Formulario 8880 a su declaración. Turbo state tax free Más información. Turbo state tax free   Para más información sobre el crédito, vea las instrucciones del Formulario 8880, disponibles en inglés. Turbo state tax free Créditos Reembolsables Los créditos explicados en esta parte del capítulo se tratan como pagos de impuestos. Turbo state tax free Si el total de estos créditos, impuestos federales sobre el ingreso retenidos y pagos de su impuesto estimado es mayor al total de sus impuestos, se le puede reembolsar el excedente. Turbo state tax free Crédito por el Impuesto sobre Ganancias de Capital no Distribuidas Tiene que incluir en los ingresos toda cantidad que le hayan asignado sociedades inversionistas reglamentadas (comúnmente llamadas fondos mutuos) o sociedades de inversión inmobiliaria (REIT, por sus siglas en inglés) como distribuciones de ganancias de capital, aunque de hecho no la haya recibido. Turbo state tax free Si el fondo mutuo o sociedad de inversión inmobiliaria pagó impuestos sobre la ganancia de capital, se le permite un crédito por los impuestos ya que se considera que usted lo pagó. Turbo state tax free El fondo mutuo o sociedad de inversión inmobiliaria le enviará el Formulario 2439 indicando su parte de las ganancias de capital no distribuidas y los impuestos pagados, de haberlos. Turbo state tax free Cómo reclamar el crédito. Turbo state tax free   Para reclamar el crédito, adjunte la Copia B del Formulario 2439 a su Formulario 1040. Turbo state tax free Incluya la cantidad de la casilla 2 de su Formulario 2439 en el total de la línea 71 del Formulario 1040 y marque la casilla a. Turbo state tax free Más información. Turbo state tax free   Vea Distribuciones de Ganancias de Capital , en el capítulo 8 para más información sobre ganancias de capital no distribuidas. Turbo state tax free Crédito Tributario por Cobertura del Seguro Médico Tal vez pueda reclamar este crédito para cualquier mes en el que se cumplan todos los siguientes requisitos el primer día del mes: Tenía derecho, como beneficiario, a recibir pagos de asistencia de ajuste comercial (TAA, por sus siglas en inglés), pagos de asistencia alternativa de ajuste comercial (ATAA, por sus siglas en inglés), pagos de asistencia de ajuste comercial relacionados con el reempleo (RTAA, por sus siglas en inglés) o una pensión de la Pension Benefit Guaranty Corporation (Corporación de garantía de beneficios de pensiones o PBGC, por sus siglas en inglés, y definida más adelante); o si era un miembro calificado de la familia de uno de estos individuos cuando dicho individuo falleció o cuando se finalizó su divorcio con uno de estos individuos. Turbo state tax free Usted y/o los miembros de su familia estaban cubiertos por un plan de seguro médico que reúne los requisitos y por el cual pagó la totalidad de las primas o su parte correspondiente directamente a dicho plan o al U. Turbo state tax free S. Turbo state tax free Treasury— HCTC (Tesoro de los Estados Unidos, Crédito por cobertura del seguro médico). Turbo state tax free No estaba inscrito en la Parte A, B o C del seguro Medicare o estaba inscrito en el programa Medicare pero su familia reunió los requisitos para el HCTC. Turbo state tax free No estaba inscrito en el programa Medicaid ni en el Children's Health Insurance Program (Programa de seguro médico para niños, (CHIP, por sus siglas en inglés)). Turbo state tax free No estaba inscrito en el programa Federal Employees Health Benefits (Seguro médico para empleados federales o FEHBP, por sus siglas en inglés) ni tenía derecho a recibir beneficios conforme al sistema médico militar de los EE. Turbo state tax free UU. Turbo state tax free (conocido en inglés como TRICARE). Turbo state tax free No estaba encarcelado por las autoridades federales, estatales o locales. Turbo state tax free Su empleador no pagó el 50% o más del costo de la cobertura. Turbo state tax free No recibió una reducción del 65% de una prima de COBRA de parte de su antiguo empleador o administrador de COBRA. Turbo state tax free Sin embargo, no puede tomar el crédito si otra persona lo puede reclamar a usted como dependiente en su declaración de impuestos de 2013. Turbo state tax free Si cumple todas estas condiciones, tal vez pueda tomar un crédito de hasta el 72. Turbo state tax free 5% de la cantidad que usted pagó directamente a un plan de salud calificado para usted y todo miembro de familia que reunió los requisitos. Turbo state tax free No puede tomar el crédito en el caso de primas de seguro sobre cobertura si en realidad fueron pagadas mediante una National Emergency Grant (Subvención para Emergencias Nacionales). Turbo state tax free La cantidad pagada por cobertura de seguro médico calificada tiene que reducirse por toda distribución de una cuenta Archer MSA de ahorros médicos u otra cuenta de ahorros para gastos médicos que se haya utilizado para pagar por dicha cobertura. Turbo state tax free Puede tomar este crédito y anotarlo en la declaración de impuestos o solicitar que se pague por adelantado en nombre suyo a su compañía de seguros. Turbo state tax free Si se paga el crédito por adelantado en nombre suyo, aquella cantidad disminuye la cantidad del crédito que se pueda declarar en la declaración de impuestos. Turbo state tax free Beneficiarios de la TAA. Turbo state tax free   Se considera que tiene derecho a la TAA el primer día del mes si, cualquier día de dicho mes o del anterior, usted: Recibió una asignación por reajuste comercial o Hubiera tenido derecho a recibir una asignación de esta índole salvo que no había agotado todos los derechos al seguro por desempleo (con excepción de toda compensación adicional que se pague con fondos estatales y no se reembolse con fondos federales) que le correspondiera recibir (o correspondería recibir si los solicitara). Turbo state tax free Ejemplo. Turbo state tax free   Recibió una asignación por ajuste comercial para el mes de enero de 2013. Turbo state tax free Tenía derecho a recibir la TAA el primer día de enero y febrero. Turbo state tax free Beneficiarios de la alternativa TAA. Turbo state tax free   Se considera que es un recipiente de la alternativa TAA el primer día del mes si, cualquier día de dicho mes o del anterior, usted recibió beneficios conforme a un programa de asistencia alternativa de ajuste comercial para empleados mayores de edad establecido por el Departamento de Trabajo. Turbo state tax free Ejemplo. Turbo state tax free   Recibió beneficios conforme a un programa de asistencia alternativa de ajuste comercial para empleados mayores de edad para el mes de octubre de 2013. Turbo state tax free El Departamento de Trabajo estableció el programa. Turbo state tax free Tenía derecho como beneficiario a recibir la alternativa TAA el primer día de octubre y noviembre. Turbo state tax free Beneficiarios de la RTAA. Turbo state tax free   Se considera que tiene derecho a la RTAA el primer día del mes si, cualquier día de dicho mes o del anterior, usted recibió beneficios conforme a un programa de asistencia de ajuste comercial relacionados con el reempleo para empleados mayores establecido por el Departamento de Trabajo. Turbo state tax free Beneficiarios de una pensión de la PBGC. Turbo state tax free   Se considera que tiene derecho como beneficiario a una pensión de la PBGC el primer día del mes si se dan las dos condiciones siguientes: Tenía 55 años de edad o más el primer día del mes. Turbo state tax free Recibió beneficios para dicho mes pagados por la PBGC conforme al Título IV de la Employee Retirement Income Security Act of 1974 (Ley de Seguridad de los Ingresos de Jubilación del Empleado de 1974 o ERISA, por sus siglas en inglés). Turbo state tax free Si recibió un pago de suma global de la PGBC después del 5 de agosto de 2002, cumple el requisito (2) anterior para todo mes en el que habría recibido un beneficio de la PBGC si no hubiese recibido el pago de suma global. Turbo state tax free Cómo reclamar el crédito. Turbo state tax free   Para tomar el crédito, tiene que completar el Formulario 8885 y adjuntarlo al Formulario 1040. Turbo state tax free Incluya el crédito en el total de la línea 71 del Formulario 1040 y marque el recuadro c. Turbo state tax free   Tiene que adjuntar cuentas de seguro de salud (o cupones de pago de COBRA) y pruebas de pago correspondientes a toda cantidad que se incluya en la línea 2 del Formulario 8885. Turbo state tax free Para información adicional, vea la Publicación 502 o el Formulario 8885, ambos en inglés. Turbo state tax free Más información. Turbo state tax free   Si desea ver las definiciones y los requisitos especiales, incluyendo los que se refieren a planes de seguro médico que reúnan los requisitos, familiares que podrían darle derecho al crédito (familiares calificados), el efecto de determinados sucesos importantes en la vida y planes de seguro médico provistos por el empleador, vea la Publicación 502 y las instrucciones del Formulario 8885, ambas en inglés. Turbo state tax free Crédito por Retención en Exceso del Impuesto del Seguro Social o del Impuesto de la Jubilación Ferroviaria La mayoría de los empleadores tienen que retener el impuesto del Seguro Social de los salarios de sus empleados. Turbo state tax free Si trabaja para un empleador ferroviario, dicho empleador tiene que retener el impuesto de jubilación ferroviaria (RRTA, por sus siglas en inglés) de nivel 1 y de nivel 2. Turbo state tax free Si trabajó para dos o más empleadores en 2013, es posible que hayan retenido de su salario demasiado impuesto del Seguro Social. Turbo state tax free Si uno o mas de esos empleadores era un empleador ferroviario, también es posible que se le haya retenido demasiado impuesto de jubilación ferroviaria de nivel 1 a la tasa de 6. Turbo state tax free 2%. Turbo state tax free Puede declarar el impuesto del Seguro Social o impuesto de jubilación ferroviaria de nivel 1 en exceso, aplicándolo como crédito a favor de los impuestos sobre los ingresos cuando presente su declaración. Turbo state tax free Para el impuesto RRTA de nivel 1, utilice únicamente la porción de impuesto de RRTA de nivel 1 que fue gravado a la tasa impositiva de 6. Turbo state tax free 2% al calcular si el exceso de impuesto de RRTA de nivel 1 fue retenido, no incluya ninguna porción del impuesto de RRTA de nivel 1 que fue retenido a la tasa impositiva de Medicare (1. Turbo state tax free 45%) o al a tasa impositiva del Impuesto Adicional del Medicare (0. Turbo state tax free 9%). Turbo state tax free En la siguiente tabla aparecen la cantidad máxima de salario sujeto a impuestos y la cantidad máxima de impuestos que debió haberse retenido para 2013. Turbo state tax free Tipo de impuesto Salario  máximo  sujeto a  impuestos Impuesto máximo que debió haberse retenido Seguro Social o  RRTA de nivel 1 $113,700 $7,049. Turbo state tax free 40 RRTA de nivel 2 $84,300 $3,709. Turbo state tax free 20 Todo salario está sujeto a la retención de impuestos al Medicare. Turbo state tax free   Utilice el Formulario 843, Claim for Refund and Request for Abatement (Solicitud de reembolso y reducción de impuestos), en inglés, para solicitar un reembolso del impuesto en exceso de la jubilación ferroviaria de nivel 2. Turbo state tax free Cerciórese de adjuntar una copia de todos los Formularios W-2 que tenga. Turbo state tax free Use la hoja de trabajo 3-3 de la Publicación 505, Tax Withholding and Estimated Tax (Retención de impuestos e impuesto estimado), en inglés, para poder calcular la cantidad en exceso. Turbo state tax free Error del empleador. Turbo state tax free   Si cualquier empleador le retuvo demasiados impuestos del Seguro Social o de la jubilación ferroviaria de nivel 1, no puede reclamar el exceso y aplicarlo como un crédito a favor de los impuestos sobre el ingreso. Turbo state tax free El empleador debe ajustarle los impuestos. Turbo state tax free Si el empleador no ajusta la recaudación en exceso, puede solicitar un reembolso utilizando el Formulario 843. Turbo state tax free Declaración conjunta. Turbo state tax free   Si presenta una declaración conjunta, no puede añadir a la cantidad retenida de su salario los impuestos del Seguro Social ni los de la jubilación ferroviaria de nivel 1 retenidos del salario de su cónyuge. Turbo state tax free Calcule por separado la retención que le corresponda a usted y la que corresponda a su cónyuge para determinar si se le han retenido impuestos en exceso a cualquiera de los dos. Turbo state tax free Cómo calcular el crédito si no trabajó para una empresa ferroviaria. Turbo state tax free   Si no trabajó para una empresa ferroviaria en 2013, calcule el crédito de la siguiente forma: 1. Turbo state tax free Sume todos los impuestos del Seguro Social retenidos (pero no más de $7,049. Turbo state tax free 40 por cada empleador). Turbo state tax free Anote el total aquí   2. Turbo state tax free Anote todo impuesto no retenido del Seguro Social sobre propinas o seguro de vida colectivo a término que aparezca en el total de la línea 60 del Formulario 1040, identificado como “UT”   3. Turbo state tax free Sume las líneas 1 y 2. Turbo state tax free Si el total es $7,049. Turbo state tax free 40 o menos, no siga. Turbo state tax free No puede reclamar el crédito   4. Turbo state tax free Límite sobre los impuestos del Seguro Social 7,049. Turbo state tax free 40 5. Turbo state tax free Crédito. Turbo state tax free De la línea 3, reste la línea 4. Turbo state tax free Anote el resultado aquí y en la línea 69 del Formulario 1040 (o la línea 41 del Formulario 1040A) $ Ejemplo. Turbo state tax free Está casado y presenta una declaración conjunta con su cónyuge quien no recibió ingresos brutos en 2013. Turbo state tax free Durante 2013, usted trabajó para la empresa Brown Technology Company y ganó un salario de $60,000. Turbo state tax free Le retuvieron impuestos del Seguro Social de $3,720. Turbo state tax free También trabajó para otro empleador en 2013 y ganó un salario de $55,000. Turbo state tax free De dicho salario, le retuvieron $3,410 de impuestos del Seguro Social. Turbo state tax free Como trabajó para más de un empleador y el total de su salario superó los $113,700, puede tomar un crédito de $80. Turbo state tax free 60 por los impuestos del Seguro Social retenidos en exceso. Turbo state tax free 1. Turbo state tax free Sume todo impuesto del Seguro Social retenido (pero no más de $7,049. Turbo state tax free 40 por cada empleador). Turbo state tax free Anote el total aquí $7,130. Turbo state tax free 00 2. Turbo state tax free Anote todo impuesto no retenido del Seguro Social sobre propinas o seguro de vida colectivo a término que aparezca en el total de la línea 60 del Formulario 1040, identificado como “UT” −0− 3. Turbo state tax free Sume las líneas 1 y 2. Turbo state tax free Si el total es $7,049. Turbo state tax free 40 o menos, no siga. Turbo state tax free No puede reclamar el crédito 7,130. Turbo state tax free 00 4. Turbo state tax free Límite sobre los impuestos del Seguro Social 7,049. Turbo state tax free 40 5. Turbo state tax free Crédito. Turbo state tax free De la línea 3, reste la línea 4. Turbo state tax free Anote el resultado aquí y en la línea 69 del Formulario 1040 (o la línea 41 del Formulario 1040A) $80. Turbo state tax free 60 Cómo calcular el crédito si trabajó para una empresa ferroviaria. Turbo state tax free   Si fue empleado ferroviario en algún momento durante 2013, calcule el crédito de la siguiente forma: 1. Turbo state tax free Sume todos los impuestos del Seguro Social y de la jubilación ferroviaria de nivel 1 retenidos a la tasa de 6. Turbo state tax free 2% (pero no más de $7,049. Turbo state tax free 40 por cada empleador). Turbo state tax free Anote el total aquí   2. Turbo state tax free Anote todos los impuestos no retenidos del Seguro Social y de la jubilación ferroviaria de nivel 1 sobre propinas o seguro de vida colectivo que aparezca en el total de la línea 60 del Formulario 1040, identificado como “UT”   3. Turbo state tax free Sume las líneas 1 y 2. Turbo state tax free Si el total es $7,049. Turbo state tax free 40 o menos, no siga. Turbo state tax free No puede reclamar el crédito   4. Turbo state tax free Límite sobre los impuestos del Seguro Social y de la jubilación ferroviaria de nivel 1 7,049. Turbo state tax free 40 5. Turbo state tax free Crédito. Turbo state tax free De la línea 3, reste la línea 4. Turbo state tax free Anote el resultado aquí y en la línea 69 del Formulario 1040 (o la línea 41 del Formulario 1040A) $ Cómo reclamar el crédito. Turbo state tax free   Anote el crédito en la línea 69 del Formulario 1040 o inclúyalo en el total de la línea 41 del Formulario 1040A. Turbo state tax free Más información. Turbo state tax free   Para información adicional sobre el crédito, vea la Publicación 505, en inglés. Turbo state tax free Prev  Up  Next   Home   More Online Publications
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Turbo state tax free Publication 559 - Main Content Table of Contents Personal RepresentativeDuties Fees Received by Personal Representatives Final Income Tax Return for Decedent—Form 1040Name, Address, and Signature When and Where To File Filing Requirements Income To Include Exemptions and Deductions Credits, Other Taxes, and Payments Tax Forgiveness for Armed Forces Members, Victims of Terrorism, and Astronauts Filing Reminders Other Tax InformationTax Benefits for Survivors Income in Respect of a Decedent Deductions in Respect of a Decedent Estate Tax Deduction Gifts, Insurance, and Inheritances Other Items of Income Income Tax Return of an Estate— Form 1041Filing Requirements Income To Include Exemption and Deductions Credits, Tax, and Payments Name, Address, and Signature When and Where To File Distributions to BeneficiariesIncome That Must Be Distributed Currently Other Amounts Distributed Discharge of a Legal Obligation Character of Distributions How and When To Report Bequest Termination of Estate Estate and Gift TaxesApplicable Credit Amount Gift Tax Estate Tax Generation-Skipping Transfer Tax Comprehensive ExampleFinal Return for Decedent—Form 1040 Income Tax Return of an Estate—Form 1041 How To Get Tax HelpLow Income Taxpayer Clinics Personal Representative A personal representative of an estate is an executor, administrator, or anyone who is in charge of the decedent's property. Turbo state tax free Generally, an executor (or executrix) is named in a decedent's will to administer the estate and distribute properties as the decedent has directed. Turbo state tax free An administrator (or administratrix) is usually appointed by the court if no will exists, if no executor was named in the will, or if the named executor cannot or will not serve. Turbo state tax free In general, an executor and an administrator perform the same duties and have the same responsibilities. Turbo state tax free For estate tax purposes, if there is no executor or administrator appointed, qualified, and acting within the United States, the term “executor” includes anyone in actual or constructive possession of any property of the decedent. Turbo state tax free It includes, among others, the decedent's agents and representatives; safe-deposit companies, warehouse companies, and other custodians of property in this country; brokers holding securities of the decedent as collateral; and the debtors of the decedent who are in this country. Turbo state tax free Duties The primary duties of a personal representative are to collect all the decedent's assets, pay his or her creditors, and distribute the remaining assets to the heirs or other beneficiaries. Turbo state tax free The personal representative also must perform the following duties. Turbo state tax free Apply for an employer identification number (EIN) for the estate. Turbo state tax free File all tax returns, including income, estate and gift tax returns, when due. Turbo state tax free Pay the tax determined up to the date of discharge from duties. Turbo state tax free Other duties of the personal representative in federal tax matters are discussed in other sections of this publication. Turbo state tax free If any beneficiary is a nonresident alien, see Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities, for information on the personal representative's duties as a withholding agent. Turbo state tax free Penalty. Turbo state tax free   There is a penalty for failure to file a tax return when due unless the failure is due to reasonable cause. Turbo state tax free Reliance on an agent (attorney, accountant, etc. Turbo state tax free ) is not reasonable cause for late filing. Turbo state tax free It is the personal representative's duty to file the returns for the decedent and the estate when due. Turbo state tax free Identification number. Turbo state tax free   The first action you should take if you are the personal representative for the decedent is to apply for an EIN for the estate. Turbo state tax free You should apply for this number as soon as possible because you need to enter it on returns, statements, and other documents you file concerning the estate. Turbo state tax free You also must give the number to payers of interest and dividends and other payers who must file a return concerning the estate. Turbo state tax free   You can get an EIN by applying online at www. Turbo state tax free irs. Turbo state tax free gov (click on "Apply for an EIN Online" under the Tools heading). Turbo state tax free Generally, if you apply online, you will receive your EIN immediately upon completing the application. Turbo state tax free You can also apply using Form SS-4, Application for Employer Identification Number. Turbo state tax free Generally, if you apply by mail, it takes about 4 weeks to get your EIN. Turbo state tax free See the form instructions for other ways to apply. Turbo state tax free   Payers of interest and dividends report amounts on Forms 1099 using the identification number of the person to whom the account is payable. Turbo state tax free After a decedent's death, Forms 1099 must reflect the identification number of the estate or beneficiary to whom the amounts are payable. Turbo state tax free As the personal representative handling the estate, you must furnish this identification number to the payer. Turbo state tax free For example, if interest is payable to the estate, the estate's EIN must be provided to the payer and used to report the interest on Form 1099-INT, Interest Income. Turbo state tax free If the interest is payable to a surviving joint owner, the survivor's identification number, such as an SSN or ITIN, must be provided to the payer and used to report the interest. Turbo state tax free   If the estate or a survivor may receive interest or dividends after you inform the payer of the decedent's death, the payer should give you (or the survivor) a Form W-9, Request for Taxpayer Identification Number and Certification (or a similar substitute form). Turbo state tax free Complete this form to inform the payer of the estate's (or if completed by the survivor, the survivor's) identification number and return it to the payer. Turbo state tax free    Do not use the deceased individual's identifying number to file an individual income tax return after the decedent's final tax return. Turbo state tax free Also do not use it to make estimated tax payments for a tax year after the year of death. Turbo state tax free Penalty. Turbo state tax free   If you do not include the EIN or the taxpayer identification number of another person where it is required on a return, statement, or other document, you are liable for a penalty for each failure, unless you can show reasonable cause. Turbo state tax free You also are liable for a penalty if you do not give the taxpayer identification number of another person when required on a return, statement, or other document. Turbo state tax free Notice of fiduciary relationship. Turbo state tax free   The term fiduciary means any person acting for another person. Turbo state tax free It applies to persons who have positions of trust on behalf of others. Turbo state tax free A personal representative for a decedent's estate is a fiduciary. Turbo state tax free Form 56. Turbo state tax free   If you are appointed to act in a fiduciary capacity for another, you must file a written notice with the IRS stating this. Turbo state tax free Form 56, Notice Concerning Fiduciary Relationship, is used for this purpose. Turbo state tax free See the Instructions for Form 56 for filing requirements and other information. Turbo state tax free   File Form 56 as soon as all the necessary information (including the EIN) is available. Turbo state tax free It notifies the IRS that you, as the fiduciary, are assuming the powers, rights, duties, and privileges of the decedent. Turbo state tax free The notice remains in effect until you notify the IRS (by filing another Form 56) that your fiduciary relationship with the estate has terminated. Turbo state tax free Termination of fiduciary relationship. Turbo state tax free   Form 56 should also be filed to notify the IRS if your fiduciary relationship is terminated or when a successor fiduciary is appointed if the estate has not been terminated. Turbo state tax free See Form 56 and its instructions for more information. Turbo state tax free   At the time of termination of the fiduciary relationship, you may want to file Form 4810, Request for Prompt Assessment Under Internal Revenue Code Section 6501(d), and Form 5495, Request for Discharge From Personal Liability Under Internal Revenue Code Section 2204 or 6905, to wind up your duties as fiduciary. Turbo state tax free See below for a discussion of these forms. Turbo state tax free Request for prompt assessment (charge) of tax. Turbo state tax free   The IRS ordinarily has 3 years from the date an income tax return is filed, or its due date, whichever is later, to charge any additional tax due. Turbo state tax free However, as a personal representative, you may request a prompt assessment of tax after the return has been filed. Turbo state tax free This reduces the time for making the assessment to 18 months from the date the written request for prompt assessment was received. Turbo state tax free This request can be made for any tax return (except the estate tax return) of the decedent or the decedent's estate. Turbo state tax free This may permit a quicker settlement of the tax liability of the estate and an earlier final distribution of the assets to the beneficiaries. Turbo state tax free Form 4810. Turbo state tax free   Form 4810 can be used for making this request. Turbo state tax free It must be filed separately from any other document. Turbo state tax free   As the personal representative for the decedent's estate, you are responsible for any additional taxes that may be due. Turbo state tax free You can request prompt assessment of any of the decedent's taxes (other than federal estate taxes) for any years for which the statutory period for assessment is open. Turbo state tax free This applies even though the returns were filed before the decedent's death. Turbo state tax free Failure to report income. Turbo state tax free   If you or the decedent failed to report substantial amounts of gross income (more than 25% of the gross income reported on the return) or filed a false or fraudulent return, your request for prompt assessment will not shorten the period during which the IRS may assess the additional tax. Turbo state tax free However, such a request may relieve you of personal liability for the tax if you did not have knowledge of the unpaid tax. Turbo state tax free Request for discharge from personal liability for tax. Turbo state tax free   An executor can make a request for discharge from personal liability for a decedent's income, gift, and estate taxes. Turbo state tax free The request must be made after the returns for those taxes are filed. Turbo state tax free To make the request, file Form 5495. Turbo state tax free For this purpose, an executor is an executor or administrator that is appointed, qualified, and acting within the United States. Turbo state tax free   Within 9 months after receipt of the request, the IRS will notify the executor of the amount of taxes due. Turbo state tax free If this amount is paid, the executor will be discharged from personal liability for any future deficiencies. Turbo state tax free If the IRS has not notified the executor, he or she will be discharged from personal liability at the end of the 9-month period. Turbo state tax free    Even if the executor is discharged from personal liability, the IRS will still be able to assess tax deficiencies against the executor to the extent he or she still has any of the decedent's property. Turbo state tax free Insolvent estate. Turbo state tax free   Generally, if a decedent's estate is insufficient to pay all the decedent's debts, the debts due to the United States must be paid first. Turbo state tax free Both the decedent's federal income tax liabilities at the time of death and the estate's income tax liability are debts due to the United States. Turbo state tax free The personal representative of an insolvent estate is personally responsible for any tax liability of the decedent or of the estate if he or she had notice of such tax obligations or failed to exercise due care in determining if such obligations existed before distribution of the estate's assets and before being discharged from duties. Turbo state tax free The extent of such personal responsibility is the amount of any other payments made before paying the debts due to the United States, except where such other debt paid has priority over the debts due to the United States. Turbo state tax free Income tax liabilities need not be formally assessed for the personal representative to be liable if he or she was aware or should have been aware of their existence. Turbo state tax free Fees Received by Personal Representatives All personal representatives must include fees paid to them from an estate in their gross income. Turbo state tax free If you are not in the trade or business of being an executor (for instance, you are the executor of a friend's or relative's estate), report these fees on your Form 1040, line 21. Turbo state tax free If you are in the trade or business of being an executor, report fees received from the estate as self-employment income on Schedule C or Schedule C-EZ of your Form 1040. Turbo state tax free If the estate operates a trade or business and you, as executor, actively participate in the trade or business while fulfilling your duties, any fees you receive related to the operation of the trade or business must be reported as self-employment income on Schedule C (or Schedule C-EZ) of your Form 1040. Turbo state tax free Final Income Tax Return for Decedent—Form 1040 The personal representative (defined earlier) must file the final income tax return (Form 1040) of the decedent for the year of death and any returns not filed for preceding years. Turbo state tax free A surviving spouse, under certain circumstances, may have to file the returns for the decedent. Turbo state tax free See Joint Return, later. Turbo state tax free Return for preceding year. Turbo state tax free   If an individual died after the close of the tax year, but before the return for that year was filed, the return for the year just closed will not be the final return. Turbo state tax free The return for that year will be a regular return and the personal representative must file it. Turbo state tax free Example. Turbo state tax free Samantha Smith died on March 21, 2013, before filing her 2012 tax return. Turbo state tax free Her personal representative must file her 2012 return by April 15, 2013. Turbo state tax free Her final tax return covering the period from January 1, 2013, to March 20, 2013, is due April 15, 2014. Turbo state tax free Name, Address, and Signature Write the word “DECEASED,” the decedent's name, and the date of death across the top of the tax return. Turbo state tax free If filing a joint return, write the name and address of the decedent and the surviving spouse in the name and address fields. Turbo state tax free If a joint return is not being filed, write the decedent's name in the name field and the personal representative's name and address in the address field. Turbo state tax free Third party designee. Turbo state tax free   You can check the “Yes” box in the Third Party Designee area on page 2 of the return to authorize the IRS to discuss the return with a friend, family member, or any other person you choose. Turbo state tax free This allows the IRS to call the person you identified as the designee to answer any questions that may arise during the processing of the return. Turbo state tax free It also allows the designee to perform certain actions. Turbo state tax free See the Instructions for Form 1040 for details. Turbo state tax free Signature. Turbo state tax free   If a personal representative has been appointed, that person must sign the return. Turbo state tax free If it is a joint return, the surviving spouse must also sign it. Turbo state tax free If no personal representative has been appointed, the surviving spouse (on a joint return) signs the return and writes in the signature area “Filing as surviving spouse. Turbo state tax free ” If no personal representative has been appointed and if there is no surviving spouse, the person in charge of the decedent's property must file and sign the return as “personal representative. Turbo state tax free ” Paid preparer. Turbo state tax free   If you pay someone to prepare, assist in preparing, or review the tax return, that person must sign the return and fill in the other blanks in the Paid Preparer Use Only area of the return. Turbo state tax free See the Form 1040 instructions for details. Turbo state tax free When and Where To File The final income tax return is due at the same time the decedent's return would have been due had death not occurred. Turbo state tax free A final return for a decedent who was a calendar year taxpayer is generally due on April 15 following the year of death, regardless of when during that year death occurred. Turbo state tax free However, when the due date falls on a Saturday, Sunday, or legal holiday, the return is filed timely if filed by the next business day. Turbo state tax free The tax return must be prepared for the year of death regardless of when during the year death occurred. Turbo state tax free Generally, you must file the final income tax return of the decedent with the Internal Revenue Service Center for the place where you live. Turbo state tax free A tax return for a decedent can be electronically filed. Turbo state tax free A personal representative may also obtain an income tax filing extension on behalf of a decedent. Turbo state tax free Filing Requirements The gross income, age, and filing status of a decedent generally determine whether a return must be filed. Turbo state tax free Gross income is all income received by an individual from any source in the form of money, goods, property, and services that is not tax-exempt. Turbo state tax free It includes gross receipts from self-employment, but if the business involves manufacturing, merchandising, or mining, subtract any cost of goods sold. Turbo state tax free In general, filing status depends on whether the decedent was considered single or married at the time of death. Turbo state tax free See the income tax return instructions or Publication 501, Exemptions, Standard Deduction, and Filing Information. Turbo state tax free Refund A return must be filed to obtain a refund if tax was withheld from salaries, wages, pensions, or annuities, or if estimated tax was paid, even if a return is not otherwise required to be filed. Turbo state tax free Also, the decedent may be entitled to other credits that result in a refund. Turbo state tax free These advance payments of tax and credits are discussed later under Credits, Other Taxes, and Payments. Turbo state tax free Form 1310, Statement of Person Claiming Refund Due a Deceased Taxpayer. Turbo state tax free   Form 1310 does not have to be filed if you are claiming a refund and you are: A surviving spouse filing an original or amended joint return with the decedent, or A court-appointed or certified personal representative filing the decedent’s original return and a copy of the court certificate showing your appointment is attached to the return. Turbo state tax free   If the personal representative is filing a claim for refund on Form 1040X, Amended U. Turbo state tax free S. Turbo state tax free Individual Income Tax Return, or Form 843, Claim for Refund and Request for Abatement, and the court certificate has already been filed with the IRS, attach Form 1310 and write “Certificate Previously Filed” at the bottom of the form. Turbo state tax free Example. Turbo state tax free Edward Green died before filing his tax return. Turbo state tax free You were appointed the personal representative for Edward's estate, and you file his Form 1040 showing a refund due. Turbo state tax free You do not need Form 1310 to claim the refund if you attach a copy of the court certificate showing you were appointed the personal representative. Turbo state tax free    If you are a surviving spouse and you receive a tax refund check in both your name and your deceased spouse's name, you can have the check reissued in your name alone. Turbo state tax free Return the joint-name check marked “VOID” to your local IRS office or the service center where you mailed your return, along with a written request for reissuance of the refund check. Turbo state tax free A new check will be issued in your name and mailed to you. Turbo state tax free Death certificate. Turbo state tax free   When filing the decedent's final income tax return, do not attach the death certificate or other proof of death to the final return. Turbo state tax free Instead, keep it for your records and provide it if requested. Turbo state tax free Nonresident Alien If the decedent was a nonresident alien who would have had to file Form 1040NR, U. Turbo state tax free S. Turbo state tax free Nonresident Alien Income Tax Return, you must file that form for the decedent's final tax year. Turbo state tax free See the Instructions for Form 1040NR for the filing requirements, due date, and where to file. Turbo state tax free Joint Return Generally, the personal representative and the surviving spouse can file a joint return for the decedent and the surviving spouse. Turbo state tax free However, the surviving spouse alone can file the joint return if no personal representative has been appointed before the due date for filing the final joint return for the year of death. Turbo state tax free This also applies to the return for the preceding year if the decedent died after the close of the preceding tax year and before filing the return for that year. Turbo state tax free The income of the decedent that was includible on his or her return for the year up to the date of death (see Income To Include, later) and the income of the surviving spouse for the entire year must be included in the final joint return. Turbo state tax free A final joint return with the decedent cannot be filed if the surviving spouse remarried before the end of the year of the decedent's death. Turbo state tax free The filing status of the decedent in this instance is married filing a separate return. Turbo state tax free For information about tax benefits to which a surviving spouse may be entitled, see Tax Benefits for Survivors, later, under Other Tax Information. Turbo state tax free Personal representative may revoke joint return election. Turbo state tax free   A court-appointed personal representative may revoke an election to file a joint return previously made by the surviving spouse alone. Turbo state tax free This is done by filing a separate return for the decedent within one year from the due date of the return (including any extensions). Turbo state tax free The joint return made by the surviving spouse will then be regarded as the separate return of that spouse by excluding the decedent's items and refiguring the tax liability. Turbo state tax free Relief from joint liability. Turbo state tax free   In some cases, one spouse may be relieved of joint liability for tax, interest, and penalties on a joint return for items of the other spouse that were incorrectly reported on the joint return. Turbo state tax free If the decedent qualified for this relief while alive, the personal representative can pursue an existing request, or file a request, for relief from joint liability. Turbo state tax free For information on requesting this relief, see Publication 971, Innocent Spouse Relief. Turbo state tax free Income To Include The decedent's income includible on the final return is generally determined as if the person were still alive except that the taxable period is usually shorter because it ends on the date of death. Turbo state tax free The method of accounting regularly used by the decedent before death also determines the income includible on the final return. Turbo state tax free This section explains how some types of income are reported on the final return. Turbo state tax free For more information about accounting methods, see Publication 538, Accounting Periods and Methods. Turbo state tax free Cash Method If the decedent accounted for income under the cash method, only those items actually or constructively received before death are included on the final return. Turbo state tax free Constructive receipt of income. Turbo state tax free   Interest from coupons on the decedent's bonds is constructively received by the decedent if the coupons matured in the decedent's final tax year, but had not been cashed. Turbo state tax free Include the interest income on the final return. Turbo state tax free   Generally, a dividend is considered constructively received if it was available for use by the decedent without restriction. Turbo state tax free If the corporation customarily mailed its dividend checks, the dividend was includible when received. Turbo state tax free If the individual died between the time the dividend was declared and the time it was received in the mail, the decedent did not constructively receive it before death. Turbo state tax free Do not include the dividend in the final return. Turbo state tax free Accrual Method Generally, under an accrual method of accounting, income is reported when earned. Turbo state tax free If the decedent used an accrual method, only the income items normally accrued before death are included on the final return. Turbo state tax free Interest and Dividend Income (Forms 1099) Form(s) 1099 reporting interest and dividends earned by the decedent before death should be received and the amounts included on the decedent's final return. Turbo state tax free A separate Form 1099 should show the interest and dividends earned after the date of the decedent's death and paid to the estate or other recipient that must include those amounts on its return. Turbo state tax free You can request corrected Forms 1099 if these forms do not properly reflect the right recipient or amounts. Turbo state tax free For example, a Form 1099-INT, reporting interest payable to the decedent, may include income that should be reported on the final income tax return of the decedent, as well as income that the estate or other recipient should report, either as income earned after death or as income in respect of the decedent (discussed later). Turbo state tax free For income earned after death, you should ask the payer for a Form 1099 that properly identifies the recipient (by name and identification number) and the proper amount. Turbo state tax free If that is not possible, or if the form includes an amount that represents income in respect of the decedent, report the interest as shown next under How to report. Turbo state tax free See U. Turbo state tax free S. Turbo state tax free savings bonds acquired from decedent under Income in Respect of a Decedent, later, for information on savings bond interest that may have to be reported on the final return. Turbo state tax free How to report. Turbo state tax free   If you are preparing the decedent's final return and you have received a Form 1099-INT for the decedent that includes amounts belonging to the decedent and to another recipient (the decedent's estate or another beneficiary), report the total interest shown on Form 1099-INT on Schedule B (Form 1040A or 1040), Interest and Ordinary Dividends. Turbo state tax free Next, enter a subtotal of the interest shown on Forms 1099, and the interest reportable from other sources for which you did not receive Forms 1099. Turbo state tax free Then, show any interest (including any interest you receive as a nominee) belonging to another recipient separately and subtract it from the subtotal. Turbo state tax free Identify the amount of this adjustment as “Nominee Distribution” or other appropriate designation. Turbo state tax free   Report dividend income for which you received a Form 1099-DIV, Dividends and Distributions, on the appropriate schedule using the same procedure. Turbo state tax free    Note. Turbo state tax free If the decedent received amounts as a nominee, you must give the actual owner a Form 1099, unless the owner is the decedent's spouse. Turbo state tax free See General Instructions for Certain Information Returns (Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G) for more information on filing Forms 1099. Turbo state tax free Partnership Income The death of a partner closes the partnership's tax year for that partner. Turbo state tax free Generally, it does not close the partnership's tax year for the remaining partners. Turbo state tax free The decedent's distributive share of partnership items must be figured as if the partnership's tax year ended on the date the partner died. Turbo state tax free To avoid an interim closing of the partnership books, the partners can agree to estimate the decedent's distributive share by prorating the amounts the partner would have included for the entire partnership tax year. Turbo state tax free On the decedent's final return, include the decedent's distributive share of partnership items for the following periods. Turbo state tax free The partnership's tax year that ended within or with the decedent's final tax year (the year ending on the date of death). Turbo state tax free The period, if any, from the end of the partnership's tax year in (1) to the decedent's date of death. Turbo state tax free Example. Turbo state tax free Mary Smith was a partner in XYZ partnership and reported her income on a tax year ending December 31. Turbo state tax free The partnership uses a tax year ending June 30. Turbo state tax free Mary died August 31, 2013, and her estate established its tax year through August 31. Turbo state tax free The distributive share of partnership items based on the decedent's partnership interest is reported as follows. Turbo state tax free Final Return for the Decedent—January 1 through August 31, 2013, includes XYZ partnership items from (a) the partnership tax year ending June 30, 2013, and (b) the partnership tax year beginning July 1, 2013, and ending August 31, 2013 (the date of death). Turbo state tax free Income Tax Return of the Estate—September 1, 2013, through August 31, 2014, includes XYZ partnership items for the period September 1, 2013, through June 30, 2014. Turbo state tax free S Corporation Income If the decedent was a shareholder in an S corporation, include on the final return the decedent's share of the S corporation's items of income, loss, deduction, and credit for the following periods. Turbo state tax free The corporation's tax year that ended within or with the decedent's final tax year (the year ending on the date of death). Turbo state tax free The period, if any, from the end of the corporation's tax year in (1) to the decedent's date of death. Turbo state tax free Self-Employment Income Include self-employment income actually or constructively received or accrued, depending on the decedent's accounting method. Turbo state tax free For self-employment tax purposes only, the decedent's self-employment income will include the decedent's distributive share of a partnership's income or loss through the end of the month in which death occurred. Turbo state tax free For this purpose, the partnership's income or loss is considered to be earned ratably over the partnership's tax year. Turbo state tax free Community Income If the decedent was married and domiciled in a community property state, half of the income received and half of the expenses paid during the decedent's tax year by either the decedent or spouse may be considered to be the income and expenses of the other. Turbo state tax free For more information, see Publication 555, Community Property. Turbo state tax free HSA, Archer MSA, or Medicare Advantage MSA The treatment of an HSA (health savings account), an Archer MSA (medical savings account), or a Medicare Advantage MSA at the death of the account holder, depends on who acquires the interest in the account. Turbo state tax free If the decedent's estate acquires the interest, the fair market value (FMV) of the assets in the account on the date of death is included in income on the decedent's final return. Turbo state tax free The estate tax deduction, discussed later, does not apply to this amount. Turbo state tax free If a beneficiary acquires the interest, see the discussion under Income in Respect of a Decedent, later. Turbo state tax free For other information on HSAs, Archer MSAs, or Medicare Advantage MSAs, see Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans. Turbo state tax free Coverdell Education Savings Account (ESA) Generally, the balance in a Coverdell ESA must be distributed within 30 days after the individual for whom the account was established reaches age 30, or dies, whichever is earlier. Turbo state tax free The treatment of the Coverdell ESA at the death of an individual under age 30 depends on who acquires the interest in the account. Turbo state tax free If the decedent's estate acquires the interest, the earnings on the account must be included on the final income tax return of the decedent. Turbo state tax free The estate tax deduction, discussed later, does not apply to this amount. Turbo state tax free If a beneficiary acquires the interest, see the discussion under Income in Respect of a Decedent, later. Turbo state tax free The age 30 limitation does not apply if the individual for whom the account was established or the beneficiary that acquires the account is an individual with special needs. Turbo state tax free This includes an individual who, because of a physical, mental, or emotional condition (including a learning disability), requires additional time to complete his or her education. Turbo state tax free For more information on Coverdell ESAs, see Publication 970, Tax Benefits for Education. Turbo state tax free Accelerated Death Benefits Accelerated death benefits are amounts received under a life insurance contract before the death of the insured individual. Turbo state tax free These benefits also include amounts received on the sale or assignment of the contract to a viatical settlement provider. Turbo state tax free Generally, if the decedent received accelerated death benefits on the life of a terminally or chronically ill individual, whether on his or her own life or on the life of another person, those benefits are not included in the decedent's income. Turbo state tax free For more information, see the discussion under Gifts, Insurance, and Inheritances under Other Tax Information, later. Turbo state tax free Exemptions and Deductions Generally, the rules for exemptions and deductions allowed to an individual also apply to the decedent's final income tax return. Turbo state tax free Show on the final return deductible items the decedent paid (or accrued, if the decedent reported deductions on an accrual method) before death. Turbo state tax free This section contains a detailed discussion of medical expenses because the tax treatment of the decedent's medical expenses can be different. Turbo state tax free See Medical Expenses, later. Turbo state tax free Exemptions You can claim the decedent's personal exemption on the final income tax return. Turbo state tax free If the decedent was another person's dependent (for example, a parent's), you cannot claim the personal exemption on the decedent's final return. Turbo state tax free Standard Deduction If you do not itemize deductions on the final return, the full amount of the appropriate standard deduction is allowed regardless of the date of death. Turbo state tax free For information on the appropriate standard deduction, see the Form 1040 income tax return instructions or Publication 501. Turbo state tax free Medical Expenses Medical expenses paid before death by the decedent are deductible, subject to limits, on the final income tax return if deductions are itemized. Turbo state tax free This includes expenses for the decedent, as well as for the decedent's spouse and dependents. Turbo state tax free Beginning in 2013, medical expenses exceeding 10% of adjusted gross income (AGI) may be deducted, unless the decedent or their spouse is age 65 or older. Turbo state tax free In that case medical expenses exceeding 7. Turbo state tax free 5% of AGI may be deducted. Turbo state tax free Qualified medical expenses are not deductible if paid with a tax-free distribution from an HSA or an Archer MSA. Turbo state tax free Election for decedent's expenses. Turbo state tax free   Medical expenses not paid before death are liabilities of the estate and are shown on the federal estate tax return (Form 706). Turbo state tax free However, if medical expenses for the decedent are paid out of the estate during the 1-year period beginning with the day after death, you can elect to treat all or part of the expenses as paid by the decedent at the time they were incurred. Turbo state tax free   If you make the election, you can claim all or part of the expenses on the decedent's income tax return (if deductions are itemized) rather than on the federal estate tax return (Form 706). Turbo state tax free You can deduct expenses incurred in the year of death on the final income tax return. Turbo state tax free You should file an amended return (Form 1040X) for medical expenses incurred in an earlier year, unless the statutory period for filing a claim for that year has expired. Turbo state tax free   The amount you can deduct on the income tax return is the amount above 10% of adjusted gross income (or 7. Turbo state tax free 5% of adjusted gross income if the decedent or the decedent's spouse was born before January 2, 1949). Turbo state tax free Amounts not deductible because of this percentage cannot be claimed on the federal estate tax return. Turbo state tax free Making the election. Turbo state tax free   You make the election by attaching a statement, in duplicate, to the decedent's income tax return or amended return. Turbo state tax free The statement must state that you have not claimed the amount as an estate tax deduction, and that the estate waives the right to claim the amount as a deduction. Turbo state tax free This election applies only to expenses incurred for the decedent, not to expenses incurred to provide medical care for dependents. Turbo state tax free Example. Turbo state tax free Richard Brown used the cash method of accounting and filed his income tax return on a calendar year basis. Turbo state tax free Richard died on June 1, 2013, at the age of 78, after incurring $800 in medical expenses. Turbo state tax free Of that amount, $500 was incurred in 2012 and $300 was incurred in 2013. Turbo state tax free Richard itemized his deductions when he filed his 2012 income tax return. Turbo state tax free The personal representative of the estate paid the entire $800 liability in August 2013. Turbo state tax free The personal representative may file an amended return (Form 1040X) for 2012 claiming the $500 medical expense as a deduction, subject to the 7. Turbo state tax free 5% limit. Turbo state tax free The $300 of expenses incurred in 2013 can be deducted on the final income tax return if deductions are itemized, subject to the 7. Turbo state tax free 5% limit. Turbo state tax free The personal representative must file a statement in duplicate with each return stating that these amounts have not been claimed on the federal estate tax return (Form 706), and waiving the right to claim such a deduction on Form 706 in the future. Turbo state tax free Medical expenses not paid by estate. Turbo state tax free   If you paid medical expenses for your deceased spouse or dependent, claim the expenses on your tax return for the year in which you paid them, whether they are paid before or after the decedent's death. Turbo state tax free If the decedent was a child of divorced or separated parents, the medical expenses can usually be claimed by both the custodial and noncustodial parent to the extent paid by that parent during the year. Turbo state tax free Insurance reimbursements. Turbo state tax free   Insurance reimbursements of previously deducted medical expenses due a decedent at the time of death and later received by the decedent's estate are includible in the income tax return of the estate (Form 1041) for the year the reimbursements are received. Turbo state tax free The reimbursements are also includible in the decedent's gross estate. Turbo state tax free No deduction for funeral expenses can be taken on the final Form 1040 of a decedent. Turbo state tax free These expenses may be deductible for estate tax purposes on Form 706. Turbo state tax free Deduction for Losses A decedent's net operating loss deduction from a prior year and any capital losses (including capital loss carryovers) can be deducted only on the decedent's final income tax return. Turbo state tax free A net operating loss on the decedent's final income tax return can be carried back to prior years. Turbo state tax free (See Publication 536, Net Operating Losses (NOLs) for Individuals, Estates, and Trusts. Turbo state tax free ) You cannot deduct any unused net operating loss or capital loss on the estate's income tax return. Turbo state tax free At-risk loss limits. Turbo state tax free   Special at-risk rules apply to most activities that are engaged in as a trade or business or for the production of income. Turbo state tax free   These rules limit the deductible loss to the amount which the individual was considered at-risk in the activity. Turbo state tax free An individual generally will be considered at-risk to the extent of the money and the adjusted basis of property that he or she contributed to the activity and certain amounts the individual borrowed for use in the activity. Turbo state tax free An individual will be considered at-risk for amounts borrowed only if he or she was personally liable for the repayment or if the amounts borrowed were secured by property other than that used in the activity. Turbo state tax free The individual is not considered at-risk for borrowed amounts if the lender has an interest in the activity or if the lender is related to a person who has an interest in the activity. Turbo state tax free For more information, see Publication 925, Passive Activity and At-Risk Rules. Turbo state tax free Passive activity rules. Turbo state tax free   A passive activity is any trade or business activity in which the taxpayer does not materially participate. Turbo state tax free To determine material participation, see Publication 925. Turbo state tax free Rental activities are passive activities regardless of the taxpayer's participation, unless the taxpayer meets certain eligibility requirements. Turbo state tax free   Individuals, estates, and trusts can offset passive activity losses only against passive activity income. Turbo state tax free Passive activity losses or credits not allowed in one tax year can be carried forward to the next year. Turbo state tax free   If a passive activity interest is transferred because a taxpayer dies, the accumulated unused passive activity losses are allowed as a deduction against the decedent's income in the year of death. Turbo state tax free Losses are allowed only to the extent they are greater than the excess of the transferee's (recipient of the interest transferred) basis in the property over the decedent's adjusted basis in the property immediately before death. Turbo state tax free The part of the accumulated losses equal to the excess is not allowed as a deduction for any tax year. Turbo state tax free   Use Form 8582, Passive Activity Loss Limitations, to summarize losses and income from passive activities and to figure the amounts allowed. Turbo state tax free For more information, see Publication 925. Turbo state tax free Credits, Other Taxes, and Payments Discussed below are some of the tax credits, types of taxes that may be owed, income tax withheld, and estimated tax payments reported on the final return of a decedent. Turbo state tax free Credits On the final income tax return, you can claim any tax credits that applied to the decedent before death. Turbo state tax free Some of these credits are discussed next. Turbo state tax free Earned income credit. Turbo state tax free   If the decedent was an eligible individual, you can claim the earned income credit on the decedent's final return even though the return covers less than 12 months. Turbo state tax free If the allowable credit is more than the tax liability for the year, the excess is refunded. Turbo state tax free   For more information, see Publication 596, Earned Income Credit (EIC). Turbo state tax free Credit for the elderly or the disabled. Turbo state tax free   This credit is allowable on a decedent's final income tax return if the decedent met both of the following requirements in the year of death. Turbo state tax free The decedent: Was a “qualified individual,” and Had income (adjusted gross income (AGI) and nontaxable social security and pensions) less than certain limits. Turbo state tax free   For details on qualifying for or figuring the credit, see Publication 524, Credit for the Elderly or the Disabled. Turbo state tax free Child tax credit. Turbo state tax free   If the decedent had a qualifying child, you may be able to claim the child tax credit on the decedent's final return even though the return covers less than 12 months. Turbo state tax free You may be able to claim the additional child tax credit and get a refund if the credit is more than the decedent's liability. Turbo state tax free For more information, see the Instructions for Form 1040. Turbo state tax free Adoption credit. Turbo state tax free   Depending upon when the adoption was finalized, this credit may be taken on a decedent's final income tax return if the decedent: Adopted an eligible child and paid qualified adoption expenses, or Has a carryforward of an adoption credit from a prior year. Turbo state tax free   Also, if the decedent is survived by a spouse who meets the filing status of qualifying widow(er), unused adoption credit may be carried forward and used following the death of the decedent. Turbo state tax free See Form 8839, Qualified Adoption Expenses, and its instructions for more details. Turbo state tax free General business tax credit. Turbo state tax free   The general business credit available to a taxpayer is limited. Turbo state tax free Any credit arising in a tax year beginning before 1998 that has not been used up can be carried forward for up to 15 years. Turbo state tax free Any unused credit arising in a tax year beginning after 1997 has a 1-year carryback and a 20-year carryforward period. Turbo state tax free   After the carryforward period, a deduction may be allowed for any unused business credit. Turbo state tax free If the taxpayer dies before the end of the carryforward period, the deduction generally is allowed in the year of death. Turbo state tax free   For more information on the general business credit, see Publication 334, Tax Guide for Small Business. Turbo state tax free Other Taxes Taxes other than income tax that may be owed on the final return of a decedent include self-employment tax and alternative minimum tax, which are reported on Form 1040. Turbo state tax free Self-employment tax. Turbo state tax free   Self-employment tax may be owed on the final return if either of the following applied to the decedent in the year of death: Net earnings from self-employment (excluding income described in (2)) were $400 or more; or Wages from services performed as a church employee were $108. Turbo state tax free 28 or more. Turbo state tax free Alternative minimum tax (AMT). Turbo state tax free   The tax laws give special treatment to certain types of income and allow special deductions and credits for certain types of expenses. Turbo state tax free The alternative minimum tax (AMT) was enacted so taxpayers who benefit from these laws still pay at least a minimum amount of tax. Turbo state tax free In general, the AMT is the excess of the tentative minimum tax over the regular tax shown on the return. Turbo state tax free Form 6251. Turbo state tax free    Use Form 6251, Alternative Minimum Tax—Individuals, to determine if this tax applies to the decedent. Turbo state tax free See the form instructions for information on when you must attach Form 6251 to Form 1040. Turbo state tax free Form 8801. Turbo state tax free   If the decedent paid AMT in a previous year or had a credit carryforward, the decedent may be eligible for a minimum tax credit. Turbo state tax free See Form 8801, Credit for Prior Year Minimum Tax—Individuals, Estates, and Trusts. Turbo state tax free Payments of Tax The income tax withheld from the decedent's salary, wages, pensions, or annuities, and the amount paid as estimated tax are credits (advance payments of tax) that must be claimed on the final return. Turbo state tax free Tax Forgiveness for Armed Forces Members, Victims of Terrorism, and Astronauts Income tax liability may be forgiven for a decedent who dies due to service in a combat zone, due to military or terrorist actions, as a result of a terrorist attack, or while serving in the line of duty as an astronaut. Turbo state tax free Combat Zone If a member of the Armed Forces of the United States dies while in active service in a combat zone or from wounds, disease, or injury incurred in a combat zone, the decedent's income tax liability is abated (forgiven) for the entire year in which death occurred and for any prior tax year ending on or after the first day the person served in a combat zone in active service. Turbo state tax free For this purpose, a qualified hazardous duty area is treated as a combat zone. Turbo state tax free If the tax (including interest, additions to the tax, and additional amounts) for these years has been assessed, the assessment will be forgiven. Turbo state tax free If the tax has been collected (regardless of the date of collection), that tax will be credited or refunded. Turbo state tax free Any of the decedent's income tax for tax years before those mentioned above that remains unpaid as of the actual (or presumptive) date of death will not be assessed. Turbo state tax free If any unpaid tax (including interest, additions to the tax, and additional amounts) has been assessed, this assessment will be forgiven. Turbo state tax free Also, if any tax was collected after the date of death, that amount will be credited or refunded. Turbo state tax free The date of death of a member of the Armed Forces reported as missing in action or as a prisoner of war is the date his or her name is removed from missing status for military pay purposes. Turbo state tax free This is true even if death actually occurred earlier. Turbo state tax free For other tax information for members of the Armed Forces, see Publication 3, Armed Forces' Tax Guide. Turbo state tax free Military or Terrorist Actions The decedent's income tax liability is forgiven if, at death, he or she was a military or civilian employee of the United States who died because of wounds or injury incurred: While a U. Turbo state tax free S. Turbo state tax free employee, and In a military or terrorist action. Turbo state tax free The forgiveness applies to the tax year in which death occurred and for any earlier tax year, beginning with the year before the year in which the wounds or injury occurred. Turbo state tax free Example. Turbo state tax free The income tax liability of a civilian employee of the United States who died in 2013 because of wounds incurred while a U. Turbo state tax free S. Turbo state tax free employee in a terrorist attack that occurred in 2008 will be forgiven for 2013 and for all prior tax years in the period 2007 through 2012. Turbo state tax free Refunds are allowed for the tax years for which the period for filing a claim for refund has not ended, as discussed later. Turbo state tax free Military or terrorist action defined. Turbo state tax free   A military or terrorist action means the following. Turbo state tax free Any terrorist activity that most of the evidence indicates was directed against the United States or any of its allies. Turbo state tax free Any military action involving the U. Turbo state tax free S. Turbo state tax free Armed Forces and resulting from violence or aggression against the United States or any of its allies, or the threat of such violence or aggression. Turbo state tax free   Terrorist activity includes criminal offenses intended to coerce, intimidate, or retaliate against the government or civilian population. Turbo state tax free Military action does not include training exercises. Turbo state tax free Any multinational force in which the United States is participating is treated as an ally of the United States. Turbo state tax free Determining if a terrorist activity or military action has occurred. Turbo state tax free   You may rely on published guidance from the IRS to determine if a particular event is considered a terrorist activity or military action. Turbo state tax free Specified Terrorist Victim The Victims of Terrorism Tax Relief Act of 2001 (the Act) provides tax relief for those injured or killed as a result of terrorist attacks, certain survivors of those killed as a result of terrorist attacks, and others who were affected by terrorist attacks. Turbo state tax free Under the Act, the federal income tax liability of those killed in the following attacks (specified terrorist victim) is forgiven for certain tax years. Turbo state tax free The April 19, 1995, terrorist attack on the Alfred P. Turbo state tax free Murrah Federal Building (Oklahoma City). Turbo state tax free The September 11, 2001, terrorist attacks. Turbo state tax free The terrorist attacks involving anthrax occurring after September 10, 2001, and before January 1, 2002. Turbo state tax free The Act also exempts from federal income tax the following types of income. Turbo state tax free Qualified disaster relief payments made after September 10, 2001, to cover personal, family, living, or funeral expenses incurred because of a terrorist attack. Turbo state tax free Certain disability payments received in tax years ending after September 10, 2001, for injuries sustained in a terrorist attack. Turbo state tax free Certain death benefits paid by an employer to the survivor of an employee because the employee died as a result of a terrorist attack. Turbo state tax free Payments from the September 11th Victim Compensation Fund 2001. Turbo state tax free The Act also reduces the estate tax of individuals who die as a result of a terrorist attack. Turbo state tax free See Publication 3920, Tax Relief for Victims of Terrorist Attacks, for more information. Turbo state tax free Astronauts Legislation extended the tax relief available under the Victims of Terrorism Tax Relief Act of 2001 (the Act) to astronauts who died in the line of duty after December 31, 2002. Turbo state tax free The decedent's income tax liability is forgiven for the tax year in which death occurs, and for the tax year prior to death. Turbo state tax free For information on death benefit payments and the reduction of federal estate taxes, see Publication 3920. Turbo state tax free However, the discussions in that publication under Death Benefits and Estate Tax Reduction should be modified for astronauts (for example, by using the date of death of the astronaut instead of September 11, 2001). Turbo state tax free For more information on the Act, see Publication 3920. Turbo state tax free Claim for Credit or Refund If any of these tax-forgiveness situations applies to a prior year tax, any tax paid for which the period for filing a claim has not ended will be credited or refunded. Turbo state tax free If any tax is still due, it will be canceled. Turbo state tax free The normal period for filing a claim for credit or refund is 3 years after the return was filed or 2 years after the tax was paid, whichever is later. Turbo state tax free If death occurred in a combat zone or from wounds, disease, or injury incurred in a combat zone, the period for filing the claim is extended by: The amount of time served in the combat zone (including any period in which the individual was in missing status), plus The period of continuous qualified hospitalization for injury from service in the combat zone, if any, plus The next 180 days. Turbo state tax free Qualified hospitalization means any hospitalization outside the United States and any hospitalization in the United States of not more than 5 years. Turbo state tax free This extended period for filing the claim also applies to a member of the Armed Forces who was deployed outside the United States in a designated contingency operation. Turbo state tax free Filing a claim. Turbo state tax free   Use the following procedures to file a claim. Turbo state tax free If a U. Turbo state tax free S. Turbo state tax free individual income tax return (Form 1040, 1040A, or 1040EZ) has not been filed, you should make a claim for refund of any withheld income tax or estimated tax payments by filing Form 1040. Turbo state tax free Form W-2, Wage and Tax Statement, must accompany all returns. Turbo state tax free If a U. Turbo state tax free S. Turbo state tax free individual income tax return has been filed, you should make a claim for refund by filing Form 1040X. Turbo state tax free You must file a separate Form 1040X for each year in question. Turbo state tax free   You must file these returns and claims at the following address for regular mail (U. Turbo state tax free S. Turbo state tax free Postal Service). Turbo state tax free    Internal Revenue Service 333 W. Turbo state tax free Pershing, P5–6503 Kansas City, MO 64108   Identify all returns and claims for refund by writing “Iraq—KIA,” “Enduring Freedom—KIA,” “Kosovo Operation—KIA,” “Desert Storm—KIA,” or “Former Yugoslavia—KIA” in bold letters on the top of page 1 of the return or claim. Turbo state tax free On the applicable return, write the same phrase on the line for total tax. Turbo state tax free If the individual was killed in a terrorist or military action, put “KITA” on the front of the return and on the line for total tax. Turbo state tax free   Include an attachment showing the computation of the decedent's tax liability and a computation of the amount to be forgiven. Turbo state tax free On joint returns, make an allocation of the tax as described below under Joint returns. Turbo state tax free If you cannot make a proper allocation, attach a statement of all income and deductions allocable to each spouse and the IRS will make the proper allocation. Turbo state tax free   You must attach Form 1310 to all returns and claims for refund. Turbo state tax free However, for exceptions to filing Form 1310, see Form 1310. Turbo state tax free Statement of Person Claiming Refund Due a Deceased Taxpayer, under Refund, earlier. Turbo state tax free   You must also attach proof of death that includes a statement that the individual was a U. Turbo state tax free S. Turbo state tax free employee on the date of injury and on the date of death and died as the result of a military or terrorist action. Turbo state tax free For military and civilian employees of the Department of Defense, attach DD Form 1300, Report of Casualty. Turbo state tax free For other U. Turbo state tax free S. Turbo state tax free civilian employees killed in the United States, attach a death certificate and a certification (letter) from the federal employer. Turbo state tax free For other U. Turbo state tax free S. Turbo state tax free civilian employees killed overseas, attach a certification from the Department of State. Turbo state tax free   If you do not have enough tax information to file a timely claim for refund, you can suspend the period for filing a claim by filing Form 1040X. Turbo state tax free Attach Form 1310, any required documentation currently available, and a statement that you will file an amended claim as soon as you have the required tax information. Turbo state tax free Joint returns. Turbo state tax free   If a joint return was filed, only the decedent's part of the income tax liability is eligible for forgiveness. Turbo state tax free Determine the decedent's tax liability as follows. Turbo state tax free Figure the income tax for which the decedent would have been liable if a separate return had been filed. Turbo state tax free Figure the income tax for which the spouse would have been liable if a separate return had been filed. Turbo state tax free Multiply the joint tax liability by a fraction. Turbo state tax free The numerator of the fraction is the amount in (1), above. Turbo state tax free The denominator of the fraction is the total of (1) and (2). Turbo state tax free   The resulting amount from (3) above is the decedent's tax liability eligible for forgiveness. Turbo state tax free Filing Reminders To minimize the time needed to process the decedent's final return and issue any refund, be sure to follow these procedures. Turbo state tax free Write “DECEASED,” the decedent's name, and the date of death across the top of the tax return. Turbo state tax free If a personal representative has been appointed, the personal representative must sign the return. Turbo state tax free If it is a joint return, the surviving spouse must also sign it. Turbo state tax free If you are the decedent's spouse filing a joint return with the decedent and no personal representative has been appointed, write “Filing as surviving spouse” in the area where you sign the return. Turbo state tax free If no personal representative has been appointed and if there is no surviving spouse, the person in charge of the decedent's property must file and sign the return as “personal representative. Turbo state tax free ” To claim a refund for the decedent, do the following. Turbo state tax free If you are the decedent's spouse filing a joint return with the decedent, file only the tax return to claim the refund. Turbo state tax free If you are the personal representative and the return is not a joint return filed with the decedent's surviving spouse, file the return and attach a copy of the certificate that shows your appointment by the court. Turbo state tax free (A power of attorney or a copy of the decedent's will is not acceptable evidence of your appointment as the personal representative. Turbo state tax free ) If you are filing an amended return, attach Form 1310 and a copy of the certificate of appointment (or, if you have already sent the certificate of appointment to IRS, write “Certificate Previously Filed” at the bottom of Form 1310). Turbo state tax free If you are not filing a joint return as the surviving spouse and a personal representative has not been appointed, file the return and attach Form 1310. Turbo state tax free Other Tax Information Discussed below is information about the effect of an individual's death on the income tax liability of the survivors (including widows and widowers), the beneficiaries, and the estate. Turbo state tax free Tax Benefits for Survivors Survivors can qualify for certain benefits when filing their own income tax returns. Turbo state tax free Joint return by surviving spouse. Turbo state tax free   A surviving spouse can file a joint return for the year of death and may qualify for special tax rates for the following 2 years, as explained under Qualifying widows and widowers, later. Turbo state tax free Decedent as your dependent. Turbo state tax free   If the decedent qualified as your dependent for a part of the year before death, you can claim the exemption for the dependent on your tax return, regardless of when death occurred during the year. Turbo state tax free   If the decedent was your qualifying child, you may be able to claim the child tax credit or the earned income credit. Turbo state tax free To determine if you qualify for the child tax credit, see the instructions for Form 1040, line 51; Form 1040A, line 33; or Form 1040NR, line 48. Turbo state tax free To determine if you qualify for the earned income credit, see the instructions for Form 1040, lines 64a and 64b or Form 1040A, lines 38a and 38b. Turbo state tax free Qualifying widows and widowers. Turbo state tax free   If your spouse died within the 2 tax years preceding the year for which your return is being filed, you may be eligible to claim the filing status of qualifying widow(er) with dependent child and qualify to use the married-filing-jointly tax rates. Turbo state tax free Requirements. Turbo state tax free   Generally, you qualify for this special benefit if you meet all of the following requirements. Turbo state tax free You were entitled to file a joint return with your spouse for the year of death—whether or not you actually filed jointly. Turbo state tax free You did not remarry before the end of the current tax year. Turbo state tax free You have a child, stepchild, or foster child who qualifies as your dependent for the tax year. Turbo state tax free You provide more than half the cost of maintaining your home, which is the principal residence of that child for the entire year except for temporary absences. Turbo state tax free Example. Turbo state tax free William Burns' wife died in 2010. Turbo state tax free William has not remarried and continued throughout 2011 and 2012 to maintain a home for himself and his dependent child. Turbo state tax free For 2010, he was entitled to file a joint return for himself and his deceased wife. Turbo state tax free For 2011 and 2012, he qualifies to file as a qualifying widower with dependent child. Turbo state tax free For later years, he may qualify to file as a head of household. Turbo state tax free Figuring your tax. Turbo state tax free   Check the box on line 5 (Form 1040 or 1040A) under Filing Status on your tax return. Turbo state tax free Use the Tax Rate Schedule or the column in the Tax Table for Married filing jointly, which gives you the split-income benefits. Turbo state tax free   The last year you can file jointly with, or claim an exemption for, your deceased spouse is the year of death. Turbo state tax free Joint return filing rules. Turbo state tax free   If you are the surviving spouse and a personal representative is handling the estate for the decedent, you should coordinate filing your return for the year of death with this personal representative. Turbo state tax free See Joint Return under Final Income Tax Return for Decedent—Form 1040, earlier. Turbo state tax free Income in Respect of a Decedent All income the decedent would have received had death not occurred that was not properly includible on the final return, discussed earlier, is income in respect of a decedent. Turbo state tax free If the decedent is a specified terrorist victim (see Specified Terrorist Victim, earlier), income received after the date of death and before the end of the decedent's tax year (determined without regard to death) is excluded from the recipient's gross income. Turbo state tax free This exclusion does not apply to certain income. Turbo state tax free For more information, see Publication 3920. Turbo state tax free How To Report Income in respect of a decedent must be included in the income of one of the following. Turbo state tax free The decedent's estate, if the estate receives it. Turbo state tax free The beneficiary, if the right to income is passed directly to the beneficiary and the beneficiary receives it. Turbo state tax free Any person to whom the estate properly distributes the right to receive it. Turbo state tax free If you have to include income in respect of a decedent in your gross income and an estate tax return (Form 706) was filed for the decedent, you may be able to claim a deduction for the estate tax paid on that income. Turbo state tax free See Estate Tax Deduction, later. Turbo state tax free Example 1. Turbo state tax free Frank Johnson owned and operated an apple orchard. Turbo state tax free He used the cash method of accounting. Turbo state tax free He sold and delivered 1,000 bushels of apples to a canning factory for $2,000, but did not receive payment before his death. Turbo state tax free The proceeds from the sale are income in respect of a decedent. Turbo state tax free When the estate was settled, payment had not been made and the estate transferred the right to the payment to his widow. Turbo state tax free When Frank's widow collects the $2,000, she must include that amount in her return. Turbo state tax free It is not reported on the final return of the decedent or on the return of the estate. Turbo state tax free Example 2. Turbo state tax free Assume the same facts as in Example 1, except that Frank used the accrual method of accounting. Turbo state tax free The amount accrued from the sale of the apples would be included on his final return. Turbo state tax free Neither the estate nor the widow would realize income in respect of a decedent when the money is later paid. Turbo state tax free Example 3. Turbo state tax free On February 1, George High, a cash method taxpayer, sold his tractor for $3,000, payable March 1 of the same year. Turbo state tax free His adjusted basis in the tractor was $2,000. Turbo state tax free George died on February 15, before receiving payment. Turbo state tax free The gain to be reported as income in respect of a decedent is the $1,000 difference between the decedent's basis in the property and the sale proceeds. Turbo state tax free In other words, the income in respect of a decedent is the gain the decedent would have realized had he lived. Turbo state tax free Example 4. Turbo state tax free Cathy O'Neil was entitled to a large salary payment at the date of her death. Turbo state tax free The amount was to be paid in five annual installments. Turbo state tax free The estate, after collecting two installments, distributed the right to the remaining installments to you, the beneficiary. Turbo state tax free The payments are income in respect of a decedent. Turbo state tax free None of the payments were includible on Cathy's final return. Turbo state tax free The estate must include in its income the two installments it received, and you must include in your income each of the three installments as you receive them. Turbo state tax free Example 5. Turbo state tax free You inherited the right to receive renewal commissions on life insurance sold by your father before his death. Turbo state tax free You inherited the right from your mother, who acquired it by bequest from your father. Turbo state tax free Your mother died before she received all the commissions she had the right to receive, so you received the rest. Turbo state tax free The commissions are income in respect of a decedent. Turbo state tax free None of these commissions were includible in your father's final return. Turbo state tax free The commissions received by your mother were included in her income. Turbo state tax free The commissions you received are not includible in your mother's income, even on her final return. Turbo state tax free You must include them in your income. Turbo state tax free Character of income. Turbo state tax free   The character of the income you receive in respect of a decedent remains the same as it would have been to the decedent if he or she were alive. Turbo state tax free If the income would have been a capital gain to the decedent, it will be a capital gain to you. Turbo state tax free Transfer of right to income. Turbo state tax free   If you transfer your right to income in respect of a decedent, you must include in your income the greater of: The amount you receive for the right, or The fair market value of the right you transfer. Turbo state tax free   If you make a gift of such a right, you must include in your income the fair market value of the right at the time of the gift. Turbo state tax free   If the right to income from an installment obligation is transferred, the amount you must include in income is reduced by the basis of the obligation. Turbo state tax free See Installment obligations, later. Turbo state tax free Transfer defined. Turbo state tax free   A transfer for this purpose includes a sale, exchange, or other disposition, the satisfaction of an installment obligation at other than face value, or the cancellation of an installment obligation. Turbo state tax free Installment obligations. Turbo state tax free   If the decedent sold property using the installment method and you are collecting payments on an installment obligation acquired from the decedent, use the same gross profit percentage the decedent used to figure the part of each payment that represents profit. Turbo state tax free Include in your income the same profit the decedent would have included had death not occurred. Turbo state tax free For more information, see Publication 537, Installment Sales. Turbo state tax free   If you dispose of an installment obligation acquired from a decedent (other than by transfer to the obligor), the rules explained in Publication 537 for figuring gain or loss on the disposition apply to you. Turbo state tax free Transfer to obligor. Turbo state tax free   A transfer of a right to income, discussed earlier, has occurred if the decedent (seller) sold property using the installment method and the installment obligation was transferred to the obligor (buyer or person legally obligated to pay the installments). Turbo state tax free A transfer also occurs if the obligation was canceled either at death or by the estate or person receiving the obligation from the decedent. Turbo state tax free An obligation that becomes unenforceable is treated as having been canceled. Turbo state tax free   If such a transfer occurs, the amount included in the income of the transferor (the estate or beneficiary) is the greater of the amount received or the fair market value of the installment obligation at the time of transfer, reduced by the basis of the obligation. Turbo state tax free The basis of the obligation is the decedent's basis, adjusted for all installment payments received after the decedent's death and before the transfer. Turbo state tax free   If the decedent and obligor were related persons, the fair market value of the obligation cannot be less than its face value. Turbo state tax free Specific Types of Income in Respect of a Decedent This section explains and provides examples of some specific types of income in respect of a decedent. Turbo state tax free Wages. Turbo state tax free   The entire amount of wages or other employee compensation earned by the decedent but unpaid at the time of death is income in respect of a decedent. Turbo state tax free The income is not reduced by any amounts withheld by the employer. Turbo state tax free If the income is $600 or more, the employer should report it in box 3 of Form 1099-MISC, Miscellaneous Income, and give the recipient a copy of the form or a similar statement. Turbo state tax free   Wages paid as income in respect of a decedent are not subject to federal income tax withholding. Turbo state tax free However, if paid during the calendar year of death, they are subject to withholding for social security and Medicare taxes. Turbo state tax free These taxes should be included on the decedent's Form W-2 along with the taxes withheld before death. Turbo state tax free These wages are not included in box 1 of Form W-2. Turbo state tax free   Wages paid as income in respect of a decedent after the year of death generally are not subject to withholding for any federal taxe