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What Is Form 1040x

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What Is Form 1040x

What is form 1040x Publication 179 - Additional Material Table of Contents 15. What is form 1040x Reglas especiales para varias clases de servicios y de pagos Cómo obtener ayuda relacionada con las contribuciones 15. What is form 1040x Reglas especiales para varias clases de servicios y de pagos Reglas especiales para varias clases de servicios y de pagos La tabla que aparece a continuación trata en forma resumida las clases especiales de trabajo y de pagos sujetos a la contribución. What is form 1040x Si usted necesita información más detallada, visite la oficina del Servicio Federal de Rentas Internas en Guaynabo, vea los reglamentos relacionados con las contribuciones sobre la nómina o llame al 1-800-829-4933. What is form 1040x Clases especiales de empleo y tipos  especiales de paga Contribuciones sobre la Nómina Para la contribución al Seguro Social y al seguro Medicare (incluyendo la Contribución Adicional al Medicare, cuando los salarios pagados exceden de $200,000), la paga es: Bajo la Ley Federal de Contribución para el Desempleo (FUTA), la paga es: Trabajo agrícola:     1. What is form 1040x Servicios en fincas relacionados con el cultivo del suelo; cultivo o recolección de cualquier producto agrícola u hortícola; crianza, etc. What is form 1040x , de ganado, aves, abejas, animales de piel o silvestres. What is form 1040x Tributable, si responde al requisito de los $150 o $2,500 (vea el apartado 7). What is form 1040x Tributable, si responde a cualesquiera de los dos requisitos del apartado 10. What is form 1040x 2. What is form 1040x Servicios prestados al dueño o explotador de una finca, si la mayor parte se prestan en la finca, para la administración, mantenimiento, etc. What is form 1040x , de la finca, de los aperos o del equipo o en el salvamento de madera y limpieza de leña y demás escombros dejados por un huracán. What is form 1040x Tributable, si responde al requisito de los $150 o $2,500 (vea el apartado 7). What is form 1040x Tributable, si responde a cualesquiera de los dos requisitos del apartado 10. What is form 1040x 3. What is form 1040x Servicios relacionados con el cultivo y la recolección de determinados productos resinosos (aguarrás y demás productos oleorresinosos). What is form 1040x Tributable, si responde al requisito de los $150 o $2,500 (vea el apartado 7). What is form 1040x Tributable, si responde a cualesquiera de los dos requisitos del apartado 10. What is form 1040x 4. What is form 1040x Servicios relacionados con el desmote de algodón. What is form 1040x Tributable, si responde al requisito de los $150 o $2,500 (vea el apartado 7). What is form 1040x Tributable, si responde a cualesquiera de los dos requisitos del apartado 10. What is form 1040x 5. What is form 1040x Servicios prestados fuera de la finca relacionados con la incubación de aves de corral. What is form 1040x Tributable (como labor no agrícola). What is form 1040x * Tributable, si responde a cualesquiera de los dos requisitos del apartado 10. What is form 1040x 6. What is form 1040x Servicios relacionados con la operación o conservación de canales, embalses o vías fluviales y utilizados exclusivamente en la provisión o almacenaje de agua para fines agrícolas que no se mantienen ni se operan con fines de lucro. What is form 1040x Tributable, si responde al requisito de los $150 o $2,500 (vea el apartado 7). What is form 1040x Tributable, si responde a cualesquiera de los dos requisitos del apartado 10. What is form 1040x 7. What is form 1040x Servicios en la elaboración, empaque, entrega, etc. What is form 1040x , de cualquier producto agrícola u hortícola en su estado no manufacturado:     a. What is form 1040x Empleado por el explotador de la finca. What is form 1040x Si el explotador produjo más de la mitad del producto elaborado, será tributable si responde al requisito de los $150 o $2,500 (vea el apartado 7); de lo contrario, será tributable como labor no agrícola. What is form 1040x * Tributable si el patrono produjo más de la mitad de los productos elaborados y, además, responde a cualesquiera de los dos requisitos del apartado 10. What is form 1040x De lo contrario, será tributable como labor no agrícola. What is form 1040x b. What is form 1040x Empleado por un grupo no incorporado  de explotadores de fincas (no más de 20). What is form 1040x Si el grupo produjo todos los productos elaborados, será tributable si responde al requisito de los $150 o $2,500 (vea el apartado 7); de lo contrario, será tributable como labor no agrícola. What is form 1040x * Tributable si el patrono produjo más de la mitad de los productos elaborados y, además, responde a cualesquiera de los dos requisitos del apartado 10. What is form 1040x De lo contrario, será tributable como labor no agrícola. What is form 1040x c. What is form 1040x Empleado por otro grupo de operadores  de una finca (incluyendo organizaciones  cooperativas y tratantes comerciales). What is form 1040x Tributable (como labor no agrícola). What is form 1040x * Tributable si el patrono produjo más de la mitad de los productos elaborados y, además, responde a cualesquiera de los dos requisitos del apartado 10. What is form 1040x De lo contrario, será tributable como labor no agrícola. What is form 1040x 8. What is form 1040x Servicios en el manejo o la elaboración de artículos después de su entrega al mercado final o en el enlatado o congelación comercial. What is form 1040x Tributable (como labor no agrícola). What is form 1040x * Tributable (como labor no agrícola). What is form 1040x *Los salarios recibidos por servicios que no se consideran trabajo agrícola se declaran en el Formulario 941-PR o Formulario 944(SP). What is form 1040x Otras exenciones pueden corresponder. What is form 1040x Vea los apartados 5 y 12 . What is form 1040x Reglas especiales para varias clases de servicios y de pagos Clases especiales de empleo y tipos  especiales de paga Contribuciones sobre la Nómina Para la contribución al Seguro Social y al seguro Medicare (incluyendo la Contribución Adicional al Medicare, cuando los salarios pagados exceden de $200,000), la paga es: Bajo la Ley Federal de Contribución para el Desempleo (FUTA), la paga es: Extranjeros:     1. What is form 1040x Residentes     a. What is form 1040x Servicios prestados en los EE. What is form 1040x UU. What is form 1040x ** Lo mismo que un ciudadano de los EE. What is form 1040x UU. What is form 1040x ; exenta, si alguna porción de los servicios prestados como miembro de una tripulación de un avión o barco extranjero se presta fuera de los EE. What is form 1040x UU. What is form 1040x Lo mismo que un ciudadano de los EE. What is form 1040x UU. What is form 1040x b. What is form 1040x Servicios prestados fuera de los EE. What is form 1040x UU. What is form 1040x ** Tributable, si (a) trabaja para un patrono estadounidense o (b) existe un acuerdo de un patrono estadounidense con el IRS que abarca tanto a los ciudadanos estadounidenses como a los extranjeros residentes que trabajan para sus empresas extranjeras afiliadas o subsidiarias de un patrono estadounidense. What is form 1040x Exenta, a menos que los servicios se presten en un barco o avión estadounidense y de acuerdo con un contrato hecho en los EE. What is form 1040x UU. What is form 1040x o que el extranjero trabaje en tal barco o avión y el mismo toque en un puerto estadounidense. What is form 1040x 2. What is form 1040x No residentes Vea la Publicación 15-A, en inglés. What is form 1040x Vea la Publicación 15-A, en inglés. What is form 1040x a. What is form 1040x Trabajadores que han sido admitidos legalmente al país de manera temporera conforme a la sección 101(a)(15)(H)(ii)(a) de la Ley de Inmigración y Nacionalidad para llevar a cabo trabajo agrícola (visa H-2A). What is form 1040x Exenta. What is form 1040x Exenta. What is form 1040x   3. What is form 1040x Extranjero no residente trabajando en barcos o aviones estadounidenses. What is form 1040x Tributable si el contrato fue llevado a cabo en los Estados Unidos o el trabajador está empleado en el barco o avión cuando éste toca un puerto estadounidense. What is form 1040x Salarios de un trabajador fallecido     1. What is form 1040x Salarios de un trabajador fallecido pagados en el año natural de la muerte de éste a su beneficiario o caudal hereditario (relicto). What is form 1040x Tributable. What is form 1040x Tributable. What is form 1040x 2. What is form 1040x Salarios de un trabajador fallecido pagados después del final del año de la muerte de éste a su beneficiario o caudal hereditario (relicto). What is form 1040x Exenta. What is form 1040x Exenta. What is form 1040x Compensación pagada a empleados por incapacidad:     Compensación pagada por incapacidad a un empleado en el año que sigue al año en que dicho empleado adquirió el derecho a beneficios por incapacidad bajo la Ley del Seguro Social. What is form 1040x Exenta, si el empleado no prestó ningún servicio a su patrono durante el período cubierto por el pago. What is form 1040x Tributable. What is form 1040x Servicio doméstico en clubes universitarios, fraternidades y hermandades femeninas (sororities). What is form 1040x Exenta, si la remuneración se le paga a un estudiante regular. What is form 1040x Exenta también si el patrono está exento de la contribución federal sobre ingresos y la paga es menos de $100. What is form 1040x Tributable, si el total de los salarios pagados a todos los empleados domésticos en efectivo ascienden a $1,000 o más en cualquier trimestre natural del año actual o anterior. What is form 1040x Empleados emparentados:     1. What is form 1040x Hijo empleado por un padre (o por una sociedad de la cual cada socio es padre del hijo). What is form 1040x Exenta hasta los 18 años de edad. What is form 1040x Exenta hasta los 21 años de edad. What is form 1040x 2. What is form 1040x Hijo empleado por un padre para hacer trabajo doméstico o trabajo que no tenga relación con su ocupación o negocio. What is form 1040x Exenta hasta los 21 años de edad. What is form 1040x Exenta hasta los 21 años de edad. What is form 1040x 3. What is form 1040x Padre que presta servicios para un hijo. What is form 1040x Tributable, si presta servicios en la ocupación o negocio del hijo. What is form 1040x Para empleo doméstico en la residencia particular de un hijo, vea la Publicación 926, en inglés. What is form 1040x Exenta. What is form 1040x 4. What is form 1040x Cónyuge que presta servicios para el otro cónyuge. What is form 1040x Tributable, si presta servicios en la ocupación o negocio del otro cónyuge. What is form 1040x Exenta. What is form 1040x Los empleados federales:     1. What is form 1040x Miembros de las fuerzas armadas, voluntarios del Cuerpo de Paz, miembros de Jóvenes Adultos para la Conservación, miembros de los Cuerpos de Trabajo y miembros del Programa Nacional de Voluntarios Contra la Pobreza y líderes voluntarios. What is form 1040x Tributable. What is form 1040x Exenta. What is form 1040x 2. What is form 1040x Todos los demás. What is form 1040x Tributable, si optó por FERS o si volvió a trabajar para el gobierno federal después de haber estado sin trabajar para éste durante más de un año (a no ser que la interrupción haya sido por servicio militar o de la reserva). What is form 1040x Para otros empleados, por lo general, está sujeta a la contribución al Medicare. What is form 1040x Exenta, a menos que el trabajador sea un marino mercante que presta servicios en, o relacionados con, un barco estadounidense que es propiedad de, o alquilado por, los Estados Unidos y operado por un agente general del Secretario de Comercio. What is form 1040x **Los beneficios proporcionados de acuerdo con los planes llamados “planes cafetería” podrían reunir los requisitos para ser excluidos de los salarios para propósitos de la contribución al Seguro Social, al seguro Medicare y al fondo federal para el desempleo. What is form 1040x Reglas especiales para varias clases de servicios y de pagos Clases especiales de empleo y tipos  especiales de paga Contribuciones sobre la Nómina Para la contribución al Seguro Social y al seguro Medicare (incluyendo la Contribución Adicional al Medicare, cuando los salarios pagados exceden de $200,000), la paga es: Bajo la Ley Federal de Contribución para el Desempleo (FUTA), la paga es: Empleo relacionado con la pesca de:     1. What is form 1040x Salmón o mero. What is form 1040x Tributable a menos que la (3) sea aplicable. What is form 1040x Tributable a menos que la (3) sea aplicable. What is form 1040x 2. What is form 1040x Otra clase de pescado y otra clase de vida acuática animal o vegetal. What is form 1040x Tributable a menos que la (3) sea aplicable. What is form 1040x Exenta, a menos que sea una embarcación de más de diez toneladas y la (3) no se aplique. What is form 1040x 3. What is form 1040x Un acuerdo con el dueño u operador de la embarcación mediante el cual la persona recibe una porción de la pesca de la embarcación (o dinero en efectivo de la venta del pescado). What is form 1040x Esta porción depende de la pesca de la embarcación. What is form 1040x En tales casos la tripulación suele tener menos de 10 personas. What is form 1040x Exenta, si cualquier remuneración en efectivo es:  (a) $100 o menos por viaje;  (b) Dependiente de la pesca mínima de la embarcación y  (c) Pagada únicamente por funciones adicionales (tales como maestro, ingeniero o cocinero por los cuales la remuneración suele ser pagada en efectivo). What is form 1040x Exenta, si cualquier remuneración en efectivo es: (a) $100 o menos por viaje;  (b) Dependiente de la pesca mínima de la embarcación y  (c) Pagada únicamente por funciones adicionales (tales como maestro, ingeniero o cocinero por los cuales la remuneración suele ser pagada en efectivo). What is form 1040x Beneficios marginales. What is form 1040x Tributable por la cantidad de beneficio recibida por el empleado. What is form 1040x Esta cantidad se obtiene restando del valor en el mercado del beneficio marginal la cantidad pagada por el empleado y toda cantidad exenta por ley. What is form 1040x Sin embargo, en ciertos casos corresponden reglas especiales para valorar los beneficios marginales. What is form 1040x *** Gobiernos extranjeros y organizaciones internacionales. What is form 1040x Exenta. What is form 1040x Exenta. What is form 1040x Servicio en el extranjero por ciudadanos de los Estados Unidos:     Como empleado del Gobierno Federal de los EE. What is form 1040x UU. What is form 1040x Tal como los empleados federales que trabajan en los EE. What is form 1040x UU. What is form 1040x Exenta. What is form 1040x (Vea, además, Los empleados federales, anteriormente). What is form 1040x Por empresas extranjeras asociadas o subsidiarias con patronos de los EE. What is form 1040x UU. What is form 1040x y otros patronos privados. What is form 1040x Exenta, a menos que (a) un patrono estadounidense, mediante acuerdo con el IRS, conceda la protección del Seguro Social a ciudadanos estadounidenses empleados por sus empresas extranjeras afiliadas o subsidiarias o (b) sea un ciudadano de los EE. What is form 1040x UU. What is form 1040x que trabaja para un patrono estadounidense. What is form 1040x Exenta, a menos que (a) el servicio se preste en un barco o avión y el trabajo se haga de acuerdo a un contrato en los EE. What is form 1040x UU. What is form 1040x o lo preste un empleado que trabaja en un barco cuando éste toca en un puerto de los EE. What is form 1040x UU. What is form 1040x o (b) un ciudadano de los EE. What is form 1040x UU. What is form 1040x que trabaja para un patrono estadounidense (que no esté en un país contiguo con el cual los EE. What is form 1040x UU. What is form 1040x tiene un acuerdo sobre cómo se trata la compensación por desempleo) o para un patrono en las Islas Vírgenes. What is form 1040x Empleados del gobierno (que no sea el gobierno federal). What is form 1040x Consulte al Servicio Federal de Rentas Internas en Puerto Rico. What is form 1040x Consulte al Servicio Federal de Rentas Internas en Puerto Rico. What is form 1040x Trabajo industrial hecho en el hogar:     1. What is form 1040x Por empleados bajo la ley común. What is form 1040x Tributable. What is form 1040x Tributable. What is form 1040x 2. What is form 1040x Por empleados sujetos a las disposiciones estatutarias (vea el apartado 2 ). What is form 1040x Tributable, si se les pagan $100 o más en  efectivo en un año. What is form 1040x Exenta. What is form 1040x Médicos internos empleados en hospitales. What is form 1040x Tributable. What is form 1040x Exenta. What is form 1040x Trabajadores domésticos:     Servicio doméstico en la residencia privada del patrono. What is form 1040x Además, vea Servicio doméstico en clubes universitarios, fraternidades y hermandades femeninas (sororities), anteriormente. What is form 1040x Tributable si se hacen los pagos en efectivo de $1,900 o más durante el año 2014. What is form 1040x Es exenta si los servicios son prestados por un individuo menor de 18 años de edad durante cualquier porción del año natural y los servicios no son la ocupación principal del empleado. What is form 1040x Tributable, si el total de los salarios pagados en efectivo ascienden a $1,000 o más (para todos sus empleados domésticos) en cualquier trimestre natural del año actual o anterior. What is form 1040x Agentes de seguros o solicitadores:     1. What is form 1040x Vendedores de seguros a tiempo completo. What is form 1040x Tributable. What is form 1040x Exenta, si no es un empleado de acuerdo a la ley común y si es remunerado únicamente por comisiones. What is form 1040x 2. What is form 1040x Otros vendedores de seguros de vida, accidente, etc. What is form 1040x Tributable, solamente si es un empleado de acuerdo a la ley común. What is form 1040x Exenta, si no es un empleado de acuerdo a la ley común y si es remunerado únicamente por comisiones. What is form 1040x Interés no realizado sobre préstamos por debajo de la tasa correspondiente del mercado relacionados con la compensación y considerados descuento de emisión original. What is form 1040x (Vea la sección 7872 del Código Federal de Rentas Internas y los reglamentos correspondientes para más detalles). What is form 1040x Vea la Publicación 15-A, en inglés. What is form 1040x Vea la Publicación 15-A, en inglés. What is form 1040x ***Los beneficios proporcionados de acuerdo con los planes llamados “planes cafetería” podrían reunir los requisitos para ser excluidos de los salarios para propósitos de la contribución al Seguro Social, al seguro Medicare y al fondo federal para el desempleo. What is form 1040x Reglas especiales para varias clases de servicios y de pagos Clases especiales de empleo y tipos  especiales de paga Contribuciones sobre la Nómina Para la contribución al Seguro Social y al seguro Medicare (incluyendo la Contribución Adicional al Medicare, cuando los salarios pagados exceden de $200,000), la paga es: Bajo la Ley Federal de Contribución para el Desempleo (FUTA), la paga es: Comidas y alojamiento, incluyendo los que se le proporcionan a los empleados a un precio reducido. What is form 1040x (En el caso de empleados domésticos, agrícolas y servicios que no se prestan en el curso normal de un negocio o profesión, vea Pagos en especie, más adelante). What is form 1040x 1. What is form 1040x Comidas: Tributables, excepto si son proporcionadas por el patrono, para la conveniencia de éste, en el negocio del patrono. What is form 1040x Para información acerca de la exclusión de beneficios marginales mínimos, vea la sección 132(e) del Código. What is form 1040x  2. What is form 1040x Alojamiento: Tributable, excepto si es proporcionado por el patrono, para la conveniencia de éste, en el negocio del patrono y como requisito para mantener el empleo. What is form 1040x 1. What is form 1040x Comidas: Tributables, excepto si son proporcionadas por el patrono, para la conveniencia de éste, en el negocio del patrono. What is form 1040x Para información acerca de la exclusión de beneficios marginales mínimos, vea la sección 132(e) del Código. What is form 1040x  2. What is form 1040x Alojamiento: Tributable, excepto si es proporcionado por el patrono, para la conveniencia de éste, en el negocio del patrono y como requisito para mantener el empleo. What is form 1040x Ministros de iglesias que ejercen como tal. What is form 1040x Exenta. What is form 1040x Exenta. What is form 1040x Reembolsos de gastos de mudanza:     1. What is form 1040x Gastos calificados. What is form 1040x Exenta, a menos que usted tenga conocimiento de que el empleado dedujo los gastos en un año anterior. What is form 1040x Exenta, a menos que usted tenga conocimiento de que el empleado dedujo los gastos en un año anterior. What is form 1040x 2. What is form 1040x Gastos no calificados. What is form 1040x Tributable. What is form 1040x Tributable. What is form 1040x Pagos en especie:     a. What is form 1040x A trabajadores domésticos o agrícolas y a trabajadores que presten servicios no relacionados con el oficio o negocio del patrono. What is form 1040x Exenta. What is form 1040x Exenta. What is form 1040x b. What is form 1040x A ciertos vendedores comisionistas al detal a los cuales se les paga únicamente en efectivo a base de comisión. What is form 1040x Tributable. What is form 1040x Tributable. What is form 1040x Organizaciones sin fines de lucro:     1. What is form 1040x Organizaciones religiosas, docentes, caritativas, etc. What is form 1040x , del tipo descrito en la sec. What is form 1040x 501(c)(3) y exentas de la contribución federal sobre ingresos bajo la sec. What is form 1040x 501(a) del Código Federal de Rentas Internas. What is form 1040x Tributable si la remuneración durante el año asciende a $100 o más. What is form 1040x Las iglesias y ciertas organizaciones calificadas que están dirigidas por iglesias que por motivos religiosos se oponen al Seguro Social, pueden solicitar que se les exima del pago de la contribución patronal al Seguro Social y al Medicare. What is form 1040x La solicitud deberá hacerla en el Formulario 8274, Certification by Churches and Qualified Church-Controlled Organizations Electing Exemption From Employer Social Security and Medicare Taxes, en inglés. What is form 1040x Exenta. What is form 1040x 2. What is form 1040x Corporaciones establecidas por el Congreso de acuerdo con la Sec. What is form 1040x 501(c) del Código Federal de Rentas Internas. What is form 1040x Tributable si el empleado gana $100 o más en un año, a menos que sus servicios estén exentos de acuerdo con la sec. What is form 1040x 3121(b)(5) ó (6) del Código Federal de Rentas Internas. What is form 1040x Tributable si el empleado gana $50 o más en un año, a menos que sus servicios estén exentos de acuerdo con la sec. What is form 1040x 3306(c)(6) del Código Federal de Rentas Internas. What is form 1040x 3. What is form 1040x Otras organizaciones exentas bajo la sec. What is form 1040x 501(a) que no sean un plan de pensiones, de participación en los beneficios, o un plan de bonificación en acciones descrito en la sec. What is form 1040x 401(a) o bajo la Sec. What is form 1040x 521 del Código Federal de Rentas Internas. What is form 1040x Tributable si el empleado gana $100 o más en un año. What is form 1040x Tributable si el empleado gana $50 o más en un trimestre. What is form 1040x Socios colectivos Exentos. What is form 1040x Exentos. What is form 1040x Pacientes empleados en hospitales. What is form 1040x Tributable (exenta en el caso de los hospitales estatales o locales). What is form 1040x Exenta. What is form 1040x Órdenes religiosas: Miembros que, de acuerdo con las instrucciones que han recibido de la orden, prestan servicios:     1. What is form 1040x En nombre de la orden, de la iglesia dirigente o de una institución asociada. What is form 1040x Exenta, a menos que el miembro haya hecho un voto de pobreza y la orden religiosa, o una subdivisión independiente de ésta, opte irrevocablemente por la protección del seguro para todos su miembros activos. What is form 1040x Exenta. What is form 1040x 2. What is form 1040x En nombre de cualquier organización que no sea una de las que se han mencionado en punto (1), anteriormente. What is form 1040x Tributable. What is form 1040x Tributable. What is form 1040x Reglas especiales para varias clases de servicios y de pagos Clases especiales de empleo y tipos  especiales de paga Contribuciones sobre la Nómina Para la contribución al Seguro Social y al seguro Medicare (incluyendo la Contribución Adicional al Medicare, cuando los salarios pagados exceden de $200,000), la paga es: Bajo la Ley Federal de Contribución para el Desempleo (FUTA), la paga es: Planes de retiro y de pensión o anualidad:     1. What is form 1040x Aportaciones efectuadas por el patrono a un plan calificado. What is form 1040x Exenta. What is form 1040x Exenta. What is form 1040x 2. What is form 1040x Aportaciones electivas del empleado y pagos diferidos a un plan que contiene un arreglo calificado de efectivo o remuneración diferida (por ejemplo, un plan 401(k)). What is form 1040x Tributable. What is form 1040x Tributable. What is form 1040x 3. What is form 1040x Aportaciones efectuadas por el empleado a ciertas cuentas de reducción en el salario (SIMPLE). What is form 1040x Tributable. What is form 1040x Tributable. What is form 1040x 4. What is form 1040x Aportaciones efectuadas por el patrono a ciertas cuentas personales de retiro de acuerdo a un plan simplificado de pensión del empleado (SEP). What is form 1040x Exenta, excepto por cantidades aportadas mediante un acuerdo de reducción en el salario (SEP). What is form 1040x Exenta, excepto por cantidades aportadas mediante un acuerdo de reducción en el salario (SEP). What is form 1040x 5. What is form 1040x Aportaciones efectuadas por el patrono a ciertos contratos de pagar anualidades descritos en la sección 403(b) del Código Federal de Rentas Internas. What is form 1040x Tributable, si se paga mediante un acuerdo de reducción en el salario (por escrito o de otra manera). What is form 1040x Tributable, si se paga mediante un acuerdo de reducción en el salario (por escrito o de otra manera). What is form 1040x 6. What is form 1040x Reparticiones de planes calificados de retiro y de pensión y de ciertas anualidades descritas en la sección 403(b) del Código Federal de Rentas Internas. What is form 1040x Exenta. What is form 1040x Exenta. What is form 1040x       Vendedores: 1. What is form 1040x Empleados conforme al derecho común. What is form 1040x Tributable. What is form 1040x Tributable. What is form 1040x 2. What is form 1040x Empleados estatutarios (referidos en el apartado 2 ). What is form 1040x Tributable. What is form 1040x Tributable excepto para los agentes de seguro que trabajan a tiempo completo. What is form 1040x 3. What is form 1040x Individuos a quien la ley no los clasifica como empleados (agentes de bienes raíces y vendedores directos). What is form 1040x Exentos. What is form 1040x Se tratan como trabajadores por cuenta propia, si todos los pagos están directamente relacionados con las ventas o la producción de otro tipo y servicios prestados como empleados independientes según acordado en el contrato escrito. What is form 1040x Los vendedores directos tienen que estar en el negocio de venta de otros productos de consumo. What is form 1040x El negocio de venta no puede estar localizado en un establecimiento permanente. What is form 1040x Indemnización por separación del empleo. What is form 1040x Tributable. What is form 1040x Tributable. What is form 1040x Pagos por concepto de enfermedad o lesiones:     1. What is form 1040x Bajo la ley de compensación a trabajadores. What is form 1040x Exenta. What is form 1040x Exenta. What is form 1040x 2. What is form 1040x Bajo ciertos planes patronales. What is form 1040x Exenta después que transcurran 6 meses naturales, contados éstos a partir del primer mes que sigue al último mes en que el empleado trabajó para el patrono. What is form 1040x Exenta después que transcurran 6 meses naturales, contados éstos a partir del primer mes que sigue al último mes en que el empleado trabajó para el patrono. What is form 1040x 3. What is form 1040x Bajo planes que no son patronales. What is form 1040x Exenta después que transcurran 6 meses naturales, contados éstos a partir del primer mes que sigue al último mes en que el empleado trabajó para el patrono. What is form 1040x Exenta después que transcurran 6 meses naturales, contados éstos a partir del primer mes que sigue al último mes en que el empleado trabajó para el patrono. What is form 1040x Estudiantes:     1. What is form 1040x Estudiante matriculado y que asiste regularmente a clases (con dedicación parcial, o su equivalente, al menos, mientras se dedica a un plan de estudios) y que presta servicios para una:     a. What is form 1040x Escuela privada, institución de enseñanza superior o universidad. What is form 1040x Exenta. What is form 1040x Exenta. What is form 1040x b. What is form 1040x Organización auxiliar sin fines de lucro operada y controlada por una escuela, institución de enseñanza superior o universidad. What is form 1040x Exenta, a menos que los servicios estén amparados conforme a un acuerdo hecho bajo la sección 218 de la Ley del Seguro Social. What is form 1040x Exenta. What is form 1040x c. What is form 1040x Escuela pública, institución de enseñanza superior o universidad. What is form 1040x Exenta, a menos que los servicios estén amparados conforme a un acuerdo hecho bajo la sección 218 de la Ley del Seguro Social. What is form 1040x Exenta. What is form 1040x 2. What is form 1040x Estudiante con dedicación completa que presta servicios a cambio de recibir crédito académico, así combinando su instrucción académica con su experiencia en el trabajo como parte esencial de su programa de estudios. What is form 1040x Tributable. What is form 1040x Exenta, a menos que se haya establecido el programa para, o en nombre de, un patrono o un grupo de patronos. What is form 1040x 3. What is form 1040x Estudiante para enfermero que presta servicios de tiempo parcial por una paga insignificante en un hospital sólo para cumplir con los requisitos de su adiestramiento. What is form 1040x Exenta. What is form 1040x Exenta. What is form 1040x 4. What is form 1040x Estudiante empleado por un campamento organizado. What is form 1040x Tributable. What is form 1040x Exenta. What is form 1040x Beneficios suplementarios de la compensación por desempleo Exentos bajo ciertas condiciones, vea la Publicación 15-A, en inglés. What is form 1040x Propinas:     1. What is form 1040x Si ascienden a $20 o más en un mes. What is form 1040x Tributable. What is form 1040x Tributable por el total de propinas declaradas por escrito al patrono. What is form 1040x 2. What is form 1040x Si ascienden a menos de $20 en un mes. What is form 1040x Exenta. What is form 1040x Exenta. What is form 1040x Compensación del seguro obrero. What is form 1040x Exenta. What is form 1040x Exenta. What is form 1040x Repartidores de periódicos menores de 18 años de edad que efectúan entrega directamente al consumidor. What is form 1040x Exenta. What is form 1040x Exenta. What is form 1040x   Cómo obtener ayuda relacionada con las contribuciones Ya sea si necesita ayuda con un asunto contributivo, o si necesita obtener gratuitamente un formulario o publicación, obtenga la ayuda que necesite de la manera que le sea conveniente a usted. What is form 1040x Acceda a la Internet, utilice un teléfono inteligente (smartphone), llame o visite a una oficina del IRS cerca de usted. What is form 1040x Ayuda relacionada con las contribuciones. What is form 1040x   Si necesita información relacionada con las contribuciones sobre la nómina, puede llamar al 1-800-829-4933. What is form 1040x Si es usuario de equipo TDD/TTY para personas que son sordas, tienen dificultades auditivas o tienen impedimentos del habla, puede llamar al 1-800-829-4059. What is form 1040x Patronos en Puerto Rico. What is form 1040x   Si es patrono en Puerto Rico, entonces utiliza el Formulario 499R-2/W-2PR para informarle a sus empleados sobre los ingresos devengados y las contribuciones estatales y federales retenidas. What is form 1040x Puede obtener este formulario en el Departamento de Hacienda, llamando al (787) 722-0216. What is form 1040x Si desea más información sobre este formulario, acceda al sitio web www. What is form 1040x hacienda. What is form 1040x gobierno. What is form 1040x pr. What is form 1040x Internet. What is form 1040x    IRS. What is form 1040x gov y IRS2Go están listos cuando usted lo está las 24 horas del día, los 7 días de la semana. What is form 1040x Descargue la aplicación gratuita IRS2Go de la tienda de aplicaciones iTunes o Google Play. What is form 1040x Utilice la aplicación para verificar el estado de su reembolso, pedir transcripciones de su declaración de contribución o su cuenta tributaria, ver el canal del IRS en YouTube, obtener noticias relacionadas con el IRS tan pronto se difundan al público, suscribirse a noticias actualizadas relacionadas con la temporada de radicación de declaraciones o consejos contributivos diarios y seguir las noticias que el IRS publica en Twitter, en @IRSnews, para obtener las noticias sobre las contribuciones federales más recientes, incluyendo información acerca de cambios en la ley tributaria y programas importantes del IRS. What is form 1040x Utilice el Tax Trails (Caminos contributivos), disponible en inglés, que es uno de los temas contributivos que está disponible en IRS. What is form 1040x gov, el cual contiene información tributaria para personas físicas y negocios. What is form 1040x Además, también puede buscar el IRS Tax Map (Mapa contributivo del IRS), en inglés, el cual incluye un índice de temas contributivos para contribuyentes internacionales. What is form 1040x Puede utilizar el Mapa contributivo del IRS para buscar en las publicaciones y las instrucciones por tema o palabra clave. What is form 1040x El mapa contributivo del IRS une los formularios y publicaciones del IRS dentro de un recurso de búsqueda y provee un punto de acceso a información sobre la ley tributaria por tema. What is form 1040x Si busca en el Mapa contributivo del IRS, encontrará enlaces al material relacionado en las publicaciones, formularios e instrucciones, preguntas y respuestas y Temas Contributivos del IRS. What is form 1040x Lea temas contributivos que le proveerán información sobre las contribuciones patronales y otra información contributiva para los residentes de Puerto Rico. What is form 1040x Si desea ver estos temas, acceda a IRS. What is form 1040x gov/espanol y pulse sobre el enlace titulado “Temas Contributivos”. What is form 1040x Luego, busque la serie de temas número “900”, los cuales proveen información para residentes de Puerto Rico. What is form 1040x Visite la sección Understanding Your IRS Notice or Letter (Información sobre avisos del IRS) para recibir respuestas a preguntas sobre un aviso o carta que recibió del IRS. What is form 1040x Efectúe un pago utilizando una de las opciones seguras y convenientes de pago electrónico que están disponibles en IRS. What is form 1040x gov. What is form 1040x Si desea más información, seleccione la pestaña titulada Payment (Pago), desde la página principal IRS. What is form 1040x gov. What is form 1040x La información está disponible en inglés. What is form 1040x Solicite un PIN de Declaración Electrónica accediendo a IRS. What is form 1040x gov/espanol e ingresando las palabras claves “PIN de declaración electrónica” en la casilla Search (Buscar). What is form 1040x Descargue formularios, instrucciones y publicaciones, incluidas algunas versiones accesibles de los mismos para personas con discapacidades. What is form 1040x Localice el Centro de Ayuda al Contribuyente del IRS. What is form 1040x En la casilla Search (Buscar) escriba local offices, en inglés en IRS. What is form 1040x gov. What is form 1040x En IRS2Go, escoja la opción Contact Us (Comunicarse con nosotros) y luego local offices, en inglés. What is form 1040x Un empleado de esa oficina le puede contestar preguntas sobre su cuenta tributaria o ayudarle a establecer un plan de pagos. What is form 1040x Antes de visitar la oficina, verifique la herramienta local offices para la búsqueda de las oficinas locales en IRS. What is form 1040x gov o la opción local offices que se encuentra bajo la opción Contact Us, en IRS2Go para que verifique la dirección, el número telefónico, las horas de operación y los servicios que dicha oficina provee. What is form 1040x Si tiene una necesidad especial, tal como una discapacidad, puede solicitar una cita. What is form 1040x Llame al número telefónico local para la oficina localizado en la herramienta para la búsqueda de las oficinas locales o busque en la guía telefónica, bajo United States Government, Internal Revenue Service (Gobierno de los Estados Unidos, Servicio de Rentas Internas). What is form 1040x Solicite un número de identificación del patrono (EIN, por sus siglas en inglés). What is form 1040x Acceda a IRS. What is form 1040x gov y escriba las palabras “Apply for an EIN” (Solicitar un EIN), en inglés, en la casilla Search (Buscar). What is form 1040x Lea el Código Federal de Rentas Internas, los reglamentos u otra información oficial. What is form 1040x Lea los Internal Revenue Bulletins (Boletines del IRS). What is form 1040x Suscríbase por medio del correo electrónico para recibir noticias locales y nacionales relacionadas con las contribuciones. What is form 1040x Simplemente, pulse sobre el enlace titulado Subscriptions, que se encuentra sobre la casilla Search (Buscar) en IRS. What is form 1040x gov y escoja entre una variedad de opciones. What is form 1040x Teléfono. What is form 1040x   Puede llamar al IRS o puede llevarlo en su bolsillo con la aplicación IRS2Go en su teléfono inteligente o tableta. What is form 1040x Descargue la aplicación gratuita IRS2Go de la tienda de aplicaciones iTunes o Google Play. What is form 1040x Llame al 1-800-829-3676 (1-800-TAXFORM) para pedir formularios, instrucciones y publicaciones del año actual y formularios e instrucciones de años anteriores (limitado a los últimos 5 años). What is form 1040x Deberá recibir su pedido dentro de 10 días laborables. What is form 1040x Llame para escuchar los temas TeleTax, al 1-800-829-4477, para escuchar mensajes grabados en español sobre varios temas generales relacionados con las contribuciones federales y negocios. What is form 1040x Llame si utiliza equipo TTY/TDD al 1-800-829-4059, para realizar sus preguntas sobre impuestos o para pedir formularios y publicaciones. What is form 1040x El número telefónico TTY/TDD es para las personas que son sordas, quienes tienen problemas auditivos o quienes tienen una incapacidad del habla. What is form 1040x Estas personas pueden acceder al IRS a través de servicios de retransmisión, tal como el Servicio Federal de Retransmisión, en inglés. What is form 1040x Visitas en persona. What is form 1040x   Puede encontrar una variedad de formularios, publicaciones y servicios en persona. What is form 1040x Antes de visitar, verifique los días, horas de operación, y los servicios prestados. What is form 1040x Productos. What is form 1040x Puede visitar diversas oficinas de correos, bibliotecas y oficinas del IRS para obtener formularios, instrucciones y publicaciones. What is form 1040x Algunas oficinas del IRS, bibliotecas, oficinas de gobiernos de ciudades y condados tienen una colección de productos que se pueden fotocopiar del documento original impreso. What is form 1040x Servicios. What is form 1040x Usted puede visitar su Centro de Ayuda al Contribuyente (TAC, por sus siglas en inglés) en Puerto Rico en la mayoría de los días laborables para recibir ayuda en persona con respecto a todo problema relacionado con las contribuciones. What is form 1040x Un empleado de esa oficina le puede contestar preguntas sobre su cuenta contributiva o le puede ayudar a establecer un plan de pagos. What is form 1040x Antes de visitar la oficina, verifique en www. What is form 1040x irs. What is form 1040x gov/uac/Contact-My-Local-Office-in-Puerto-Rico en IRS. What is form 1040x gov o la opción local offices, que se encuentra bajo la opción Contact Us, en IRS2Go para que verifique los días y las horas de operación y los servicios que dicha oficina provee. What is form 1040x Correo. What is form 1040x   Puede enviar su pedido para formularios, instrucciones y publicaciones a la dirección que aparece a continuación. What is form 1040x Recibirá una contestación dentro de 10 días laborables después de que recibamos su solicitud. What is form 1040x  Internal Revenue Service 1201 N. What is form 1040x Mitsubishi Motorway Bloomington, IL 61705-6613 Servicio del Defensor del Contribuyente. What is form 1040x   El Servicio del Defensor del Contribuyente está aquí para ayudarlo a usted. What is form 1040x El Servicio del Defensor del Contribuyente ( TAS , por sus siglas en inglés) es su voz ante el IRS. What is form 1040x Nuestro deber es asegurar que a cada contribuyente se le trate de forma justa, y que usted conozca y entienda sus derechos. What is form 1040x   ¿Qué puede hacer TAS por usted? Le ofrecemos ayuda gratuita para ayudarle a resolver problemas con el IRS que no ha podido resolver usted mismo. What is form 1040x Sabemos que este proceso puede ser confuso, pero, ¡lo peor que se puede hacer es no hacer nada! TAS le puede ayudar si usted no puede resolver su problema contributivo con el IRS y además: Su problema le causa dificultades financieras a usted, su familia o su negocio. What is form 1040x Usted (o su negocio) está enfrentando la amenaza de una acción adversa inmediata. What is form 1040x Usted ha intentado, vez tras vez, de comunicarse con el IRS, pero nadie le ha respondido, o si el IRS no le ha respondido para la fecha prometida. What is form 1040x   Si usted reúne los requisitos para recibir nuestra ayuda, se le asignará un defensor, quien estará a su lado en cada paso del camino y quien hará lo posible para resolver su problema. What is form 1040x Nosotros le podemos ayudar porque: TAS es una organización independiente dentro del IRS. What is form 1040x Nuestros servicios son gratuitos y se modifican para satisfacer la necesidades de usted. What is form 1040x Nuestros defensores saben cómo trabajar con el IRS. What is form 1040x   Tenemos oficinas en cada estado, el Distrito de Columbia y Puerto Rico. What is form 1040x que le ayudarán a entender sus derechos. What is form 1040x ¿Cómo se puede comunicar con nosotros? Si usted cree que TAS posiblemente le puede ayudar, llame a su defensor local, cuyo número telefónico se halla en el directorio telefónico y también en la página del Servicio del Defensor del Contribuyente, disponible en inglés. What is form 1040x O, nos puede llamar libre de cargos al 1-877-777-4778. What is form 1040x   ¿Además de esto, de qué otra manera ayuda TAS a los contribuyentes? TAS se ocupa de resolver problemas de gran escala o problemas sistémicos que afectan a muchos contribuyentes. What is form 1040x Si usted conoce alguno de estos asuntos, favor de informarnos a través del Sistema de Administración de la Defensa Sistémica, en inglés. What is form 1040x Clínicas para Contribuyentes de Bajos Recursos. What is form 1040x   El programa de Clínicas para Contribuyentes de Bajos Recursos (LITC, por sus siglas en inglés) sirve a las personas de escasos recursos con algún problema con el Servicio de Rentas Internas. What is form 1040x La mayoría de los LITCs proporcionan representación ante el IRS en auditorias, disputas por cobros y otros asuntos en forma gratuita o por un costo nominal. What is form 1040x Si el idioma materno de la persona no es inglés, algunas clínicas proporcionan información multilingüe respecto a los derechos y responsabilidades del contribuyente. What is form 1040x Visite el sitio www. What is form 1040x irs. What is form 1040x gov/Spanish/¡Clínicas-para-Contribuyentes-de-Bajos-Recursos! o vea la Publicación 4134(SP) – Lista de Clínicas para Contribuyentes de Bajos Recursos, que proporciona información respecto a las clínicas en su área. What is form 1040x Prev  Up  Next   Home   More Online Publications
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Understanding Your CP108 Notice

You are receiving this notice because you made a payment of $XXXXX on XXXXX, and we can’t determine the correct form or tax year to apply it to.


What you need to do

  • If the payment was applied correctly, then there is nothing you need to do.  There is no need to contact the IRS in these situations.
  • If the payment was not applied correctly, contact the IRS and advise them where the payment should be applied.  Contact us at the toll-free number on the top right corner of your notice or write us at the address on the notice.
  • Correct the copy of your tax return that you kept for your records.

You may want to


Answers to Common Questions

Q. What do I say when I call the IRS?

A. Mention that you received a CP 108 notice and you need to review your account with a customer service representative. Be sure to have a copy of your notice and your tax return before you call.

Q. What should I do if I disagree with the changes you made?

A. If you disagree, contact us at the toll-free number listed on the top right corner of your notice.

Q. What if I need to make another correction to my account?

A. You'll need to file an amended tax return.

Q. What if I have tried to get answers and after contacting IRS several times have not been successful?

A. Call Taxpayer Advocate at 1-877-777-4778 or for TTY/TDD 1-800-829-4059.

 


Tips for next year

If you paid electronically, ensure that you enter a valid tax period end date.  Review Appendix A of the EFTPS Payment Instruction Booklet to determine the proper tax form code.

In addition, review the instructions for determining the correct tax period end date (e.g., for quarterly returns, Forms 720, Forms 941, etc., March 31, June 30, September 30, December 31). Enter as the MM in the YYMM format as:

Quarter Format
1st quarter March 31 31-03
2nd quarter June 30 30-06
3rd quarter September 30-09
4th quarter December 31-12

 

 

 

Page Last Reviewed or Updated: 10-Feb-2014

Printable samples of this notice (PDF)

 

 

How to get help

  • Call the 1-800 number listed on the top right corner of your notice.
  • Authorize someone (e.g., accountant) to contact the IRS on your behalf using Form 2848.
  • See if you qualify for help from a Low Income Taxpayer Clinic.
     

The What Is Form 1040x

What is form 1040x 10. What is form 1040x   Retirement Plans, Pensions, and Annuities Table of Contents What's New Reminder IntroductionThe General Rule. What is form 1040x Individual retirement arrangements (IRAs). What is form 1040x Civil service retirement benefits. What is form 1040x Useful Items - You may want to see: General InformationIn-plan rollovers to designated Roth accounts. What is form 1040x How To Report Cost (Investment in the Contract) Taxation of Periodic PaymentsExclusion limited to cost. What is form 1040x Exclusion not limited to cost. What is form 1040x Simplified Method Taxation of Nonperiodic PaymentsLump-Sum Distributions RolloversIn-plan rollovers to designated Roth accounts. What is form 1040x Special Additional TaxesTax on Early Distributions Tax on Excess Accumulation Survivors and Beneficiaries What's New For purposes of the Net Investment Income Tax (NIIT), net investment income does not include distributions from a qualified retirement plan (for example, 401(a), 403(a), 403(b), 408, 408A, or 457(b) plans). What is form 1040x However, these distributions are taken into account when determining the modified adjusted gross income threshold. What is form 1040x Distributions from a nonqualified retirement plan are included in net investment income. What is form 1040x See Form 8960, Net Investment Income Tax - Individuals, Estates, and Trusts, and its instructions for more information. What is form 1040x Reminder Starting in 2013, the American Taxpayer Relief Act of 2012 expanded the rules for in-plan Roth rollovers to include more taxpayers. What is form 1040x For more information, see Designated Roth accounts discussed later. What is form 1040x Introduction This chapter discusses the tax treatment of distributions you receive from: An employee pension or annuity from a qualified plan, A disability retirement, and A purchased commercial annuity. What is form 1040x What is not covered in this chapter. What is form 1040x   The following topics are not discussed in this chapter. What is form 1040x The General Rule. What is form 1040x   This is the method generally used to determine the tax treatment of pension and annuity income from nonqualified plans (including commercial annuities). What is form 1040x For a qualified plan, you generally cannot use the General Rule unless your annuity starting date is before November 19, 1996. What is form 1040x For more information about the General Rule, see Publication 939, General Rule for Pensions and Annuities. What is form 1040x Individual retirement arrangements (IRAs). What is form 1040x   Information on the tax treatment of amounts you receive from an IRA is in chapter 17. What is form 1040x Civil service retirement benefits. What is form 1040x    If you are retired from the federal government (regular, phased, or disability retirement), see Publication 721, Tax Guide to U. What is form 1040x S. What is form 1040x Civil Service Retirement Benefits. What is form 1040x Publication 721 also covers the information that you need if you are the survivor or beneficiary of a federal employee or retiree who died. What is form 1040x Useful Items - You may want to see: Publication 575 Pension and Annuity Income 721 Tax Guide to U. What is form 1040x S. What is form 1040x Civil Service Retirement Benefits 939 General Rule for Pensions and Annuities Form (and Instructions) W-4P Withholding Certificate for Pension or Annuity Payments 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. What is form 1040x 4972 Tax on Lump-Sum Distributions 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts General Information Designated Roth accounts. What is form 1040x   A designated Roth account is a separate account created under a qualified Roth contribution program to which participants may elect to have part or all of their elective deferrals to a 401(k), 403(b), or 457(b) plan designated as Roth contributions. What is form 1040x Elective deferrals that are designated as Roth contributions are included in your income. What is form 1040x However, qualified distributions are not included in your income. What is form 1040x See Publication 575 for more information. What is form 1040x In-plan rollovers to designated Roth accounts. What is form 1040x   If you are a participant in a 401(k), 403(b), or 457(b) plan, your plan may permit you to roll over amounts in those plans to a designated Roth account within the same plan. What is form 1040x The rollover of any untaxed amounts must be included in income. What is form 1040x See Publication 575 for more information. What is form 1040x More than one program. What is form 1040x   If you receive benefits from more than one program under a single trust or plan of your employer, such as a pension plan and a profit-sharing plan, you may have to figure the taxable part of each pension or annuity contract separately. What is form 1040x Your former employer or the plan administrator should be able to tell you if you have more than one pension or annuity contract. What is form 1040x Section 457 deferred compensation plans. What is form 1040x    If you work for a state or local government or for a tax-exempt organization, you may be able to participate in a section 457 deferred compensation plan. What is form 1040x If your plan is an eligible plan, you are not taxed currently on pay that is deferred under the plan or on any earnings from the plan's investment of the deferred pay. What is form 1040x You are generally taxed on amounts deferred in an eligible state or local government plan only when they are distributed from the plan. What is form 1040x You are taxed on amounts deferred in an eligible tax-exempt organization plan when they are distributed or otherwise made available to you. What is form 1040x   Your 457(b) plan may have a designated Roth account option. What is form 1040x If so, you may be able to roll over amounts to the designated Roth account or make contributions. What is form 1040x Elective deferrals to a designated Roth account are included in your income. What is form 1040x Qualified distributions from a designated Roth account are not subject to tax. What is form 1040x   This chapter covers the tax treatment of benefits under eligible section 457 plans, but it does not cover the treatment of deferrals. What is form 1040x For information on deferrals under section 457 plans, see Retirement Plan Contributions under Employee Compensation in Publication 525, Taxable and Nontaxable Income. What is form 1040x   For general information on these deferred compensation plans, see Section 457 Deferred Compensation Plans in Publication 575. What is form 1040x Disability pensions. What is form 1040x   If you retired on disability, you generally must include in income any disability pension you receive under a plan that is paid for by your employer. What is form 1040x You must report your taxable disability payments as wages on line 7 of Form 1040 or Form 1040A until you reach minimum retirement age. What is form 1040x Minimum retirement age generally is the age at which you can first receive a pension or annuity if you are not disabled. What is form 1040x    You may be entitled to a tax credit if you were permanently and totally disabled when you retired. What is form 1040x For information on the credit for the elderly or the disabled, see chapter 33. What is form 1040x   Beginning on the day after you reach minimum retirement age, payments you receive are taxable as a pension or annuity. What is form 1040x Report the payments on Form 1040, lines 16a and 16b, or on Form 1040A, lines 12a and 12b. What is form 1040x    Disability payments for injuries incurred as a direct result of a terrorist attack directed against the United States (or its allies) are not included in income. What is form 1040x For more information about payments to survivors of terrorist attacks, see Publication 3920, Tax Relief for Victims of Terrorist Attacks. What is form 1040x   For more information on how to report disability pensions, including military and certain government disability pensions, see chapter 5. What is form 1040x Retired public safety officers. What is form 1040x   An eligible retired public safety officer can elect to exclude from income distributions of up to $3,000 made directly from a government retirement plan to the provider of accident, health, or long-term disability insurance. What is form 1040x See Insurance Premiums for Retired Public Safety Officers in Publication 575 for more information. What is form 1040x Railroad retirement benefits. What is form 1040x   Part of any railroad retirement benefits you receive is treated for tax purposes as social security benefits, and part is treated as an employee pension. What is form 1040x For information about railroad retirement benefits treated as social security benefits, see Publication 915, Social Security and Equivalent Railroad Retirement Benefits. What is form 1040x For information about railroad retirement benefits treated as an employee pension, see Railroad Retirement Benefits in Publication 575. What is form 1040x Withholding and estimated tax. What is form 1040x   The payer of your pension, profit-sharing, stock bonus, annuity, or deferred compensation plan will withhold income tax on the taxable parts of amounts paid to you. What is form 1040x You can tell the payer how much to withhold, or not to withhold, by filing Form W-4P. What is form 1040x If you choose not to have tax withheld, or you do not have enough tax withheld, you may have to pay estimated tax. What is form 1040x   If you receive an eligible rollover distribution, you cannot choose not to have tax withheld. What is form 1040x Generally, 20% will be withheld, but no tax will be withheld on a direct rollover of an eligible rollover distribution. What is form 1040x See Direct rollover option under Rollovers, later. What is form 1040x   For more information, see Pensions and Annuities under Tax Withholding for 2014 in chapter 4. What is form 1040x Qualified plans for self-employed individuals. What is form 1040x   Qualified plans set up by self-employed individuals are sometimes called Keogh or H. What is form 1040x R. What is form 1040x 10 plans. What is form 1040x Qualified plans can be set up by sole proprietors, partnerships (but not a partner), and corporations. What is form 1040x They can cover self-employed persons, such as the sole proprietor or partners, as well as regular (common-law) employees. What is form 1040x    Distributions from a qualified plan are usually fully taxable because most recipients have no cost basis. What is form 1040x If you have an investment (cost) in the plan, however, your pension or annuity payments from a qualified plan are taxed under the Simplified Method. What is form 1040x For more information about qualified plans, see Publication 560, Retirement Plans for Small Business. What is form 1040x Purchased annuities. What is form 1040x   If you receive pension or annuity payments from a privately purchased annuity contract from a commercial organization, such as an insurance company, you generally must use the General Rule to figure the tax-free part of each annuity payment. What is form 1040x For more information about the General Rule, get Publication 939. What is form 1040x Also, see Variable Annuities in Publication 575 for the special provisions that apply to these annuity contracts. What is form 1040x Loans. What is form 1040x   If you borrow money from your retirement plan, you must treat the loan as a nonperiodic distribution from the plan unless certain exceptions apply. What is form 1040x This treatment also applies to any loan under a contract purchased under your retirement plan, and to the value of any part of your interest in the plan or contract that you pledge or assign. What is form 1040x This means that you must include in income all or part of the amount borrowed. What is form 1040x Even if you do not have to treat the loan as a nonperiodic distribution, you may not be able to deduct the interest on the loan in some situations. What is form 1040x For details, see Loans Treated as Distributions in Publication 575. What is form 1040x For information on the deductibility of interest, see chapter 23. What is form 1040x Tax-free exchange. What is form 1040x   No gain or loss is recognized on an exchange of an annuity contract for another annuity contract if the insured or annuitant remains the same. What is form 1040x However, if an annuity contract is exchanged for a life insurance or endowment contract, any gain due to interest accumulated on the contract is ordinary income. What is form 1040x See Transfers of Annuity Contracts in Publication 575 for more information about exchanges of annuity contracts. What is form 1040x How To Report If you file Form 1040, report your total annuity on line 16a and the taxable part on line 16b. What is form 1040x If your pension or annuity is fully taxable, enter it on line 16b; do not make an entry on line 16a. What is form 1040x If you file Form 1040A, report your total annuity on line 12a and the taxable part on line 12b. What is form 1040x If your pension or annuity is fully taxable, enter it on line 12b; do not make an entry on line 12a. What is form 1040x More than one annuity. What is form 1040x   If you receive more than one annuity and at least one of them is not fully taxable, enter the total amount received from all annuities on Form 1040, line 16a, or Form 1040A, line 12a, and enter the taxable part on Form 1040, line 16b, or Form 1040A, line 12b. What is form 1040x If all the annuities you receive are fully taxable, enter the total of all of them on Form 1040, line 16b, or Form 1040A, line 12b. What is form 1040x Joint return. What is form 1040x   If you file a joint return and you and your spouse each receive one or more pensions or annuities, report the total of the pensions and annuities on Form 1040, line 16a, or Form 1040A, line 12a, and report the taxable part on Form 1040, line 16b, or Form 1040A, line 12b. What is form 1040x Cost (Investment in the Contract) Before you can figure how much, if any, of a distribution from your pension or annuity plan is taxable, you must determine your cost (your investment in the contract) in the pension or annuity. What is form 1040x Your total cost in the plan includes the total premiums, contributions, or other amounts you paid. What is form 1040x This includes the amounts your employer contributed that were taxable to you when paid. What is form 1040x Cost does not include any amounts you deducted or were excluded from your income. What is form 1040x From this total cost, subtract any refunds of premiums, rebates, dividends, unrepaid loans that were not included in your income, or other tax-free amounts that you received by the later of the annuity starting date or the date on which you received your first payment. What is form 1040x Your annuity starting date is the later of the first day of the first period for which you received a payment or the date the plan's obligations became fixed. What is form 1040x Designated Roth accounts. What is form 1040x   Your cost in these accounts is your designated Roth contributions that were included in your income as wages subject to applicable withholding requirements. What is form 1040x Your cost will also include any in-plan Roth rollovers you included in income. What is form 1040x Foreign employment contributions. What is form 1040x   If you worked in a foreign country and contributions were made to your retirement plan, special rules apply in determining your cost. What is form 1040x See Foreign employment contributions under Cost (Investment in the Contract) in Publication 575. What is form 1040x Taxation of Periodic Payments Fully taxable payments. What is form 1040x   Generally, if you did not pay any part of the cost of your employee pension or annuity and your employer did not withhold part of the cost from your pay while you worked, the amounts you receive each year are fully taxable. What is form 1040x You must report them on your income tax return. What is form 1040x Partly taxable payments. What is form 1040x   If you paid part of the cost of your pension or annuity, you are not taxed on the part of the pension or annuity you receive that represents a return of your cost. What is form 1040x The rest of the amount you receive is generally taxable. What is form 1040x You figure the tax-free part of the payment using either the Simplified Method or the General Rule. What is form 1040x Your annuity starting date and whether or not your plan is qualified determine which method you must or may use. What is form 1040x   If your annuity starting date is after November 18, 1996, and your payments are from a qualified plan, you must use the Simplified Method. What is form 1040x Generally, you must use the General Rule if your annuity is paid under a nonqualified plan, and you cannot use this method if your annuity is paid under a qualified plan. What is form 1040x   If you had more than one partly taxable pension or annuity, figure the tax-free part and the taxable part of each separately. What is form 1040x   If your annuity is paid under a qualified plan and your annuity starting date is after July 1, 1986, and before November 19, 1996, you could have chosen to use either the General Rule or the Simplified Method. What is form 1040x Exclusion limit. What is form 1040x   Your annuity starting date determines the total amount of annuity payments that you can exclude from your taxable income over the years. What is form 1040x Once your annuity starting date is determined, it does not change. What is form 1040x If you calculate the taxable portion of your annuity payments using the simplified method worksheet, the annuity starting date determines the recovery period for your cost. What is form 1040x That recovery period begins on your annuity starting date and is not affected by the date you first complete the worksheet. What is form 1040x Exclusion limited to cost. What is form 1040x   If your annuity starting date is after 1986, the total amount of annuity income that you can exclude over the years as a recovery of the cost cannot exceed your total cost. What is form 1040x Any unrecovered cost at your (or the last annuitant's) death is allowed as a miscellaneous itemized deduction on the final return of the decedent. What is form 1040x This deduction is not subject to the 2%-of-adjusted-gross-income limit. What is form 1040x Exclusion not limited to cost. What is form 1040x   If your annuity starting date is before 1987, you can continue to take your monthly exclusion for as long as you receive your annuity. What is form 1040x If you chose a joint and survivor annuity, your survivor can continue to take the survivor's exclusion figured as of the annuity starting date. What is form 1040x The total exclusion may be more than your cost. What is form 1040x Simplified Method Under the Simplified Method, you figure the tax-free part of each annuity payment by dividing your cost by the total number of anticipated monthly payments. What is form 1040x For an annuity that is payable for the lives of the annuitants, this number is based on the annuitants' ages on the annuity starting date and is determined from a table. What is form 1040x For any other annuity, this number is the number of monthly annuity payments under the contract. What is form 1040x Who must use the Simplified Method. What is form 1040x   You must use the Simplified Method if your annuity starting date is after November 18, 1996, and you both: Receive pension or annuity payments from a qualified employee plan, qualified employee annuity, or a tax-sheltered annuity (403(b)) plan, and On your annuity starting date, you were either under age 75, or entitled to less than 5 years of guaranteed payments. What is form 1040x Guaranteed payments. What is form 1040x   Your annuity contract provides guaranteed payments if a minimum number of payments or a minimum amount (for example, the amount of your investment) is payable even if you and any survivor annuitant do not live to receive the minimum. What is form 1040x If the minimum amount is less than the total amount of the payments you are to receive, barring death, during the first 5 years after payments begin (figured by ignoring any payment increases), you are entitled to less than 5 years of guaranteed payments. What is form 1040x How to use the Simplified Method. What is form 1040x    Complete the Simplified Method Worksheet in Publication 575 to figure your taxable annuity for 2013. What is form 1040x Single-life annuity. What is form 1040x    If your annuity is payable for your life alone, use Table 1 at the bottom of the worksheet to determine the total number of expected monthly payments. What is form 1040x Enter on line 3 the number shown for your age at the annuity starting date. What is form 1040x Multiple-lives annuity. What is form 1040x   If your annuity is payable for the lives of more than one annuitant, use Table 2 at the bottom of the worksheet to determine the total number of expected monthly payments. What is form 1040x Enter on line 3 the number shown for the combined ages of you and the youngest survivor annuitant at the annuity starting date. What is form 1040x   However, if your annuity starting date is before 1998, do not use Table 2 and do not combine the annuitants' ages. What is form 1040x Instead you must use Table 1 and enter on line 3 the number shown for the primary annuitant's age on the annuity starting date. What is form 1040x    Be sure to keep a copy of the completed worksheet; it will help you figure your taxable annuity next year. What is form 1040x Example. What is form 1040x Bill Smith, age 65, began receiving retirement benefits in 2013, under a joint and survivor annuity. What is form 1040x Bill's annuity starting date is January 1, 2013. What is form 1040x The benefits are to be paid for the joint lives of Bill and his wife Kathy, age 65. What is form 1040x Bill had contributed $31,000 to a qualified plan and had received no distributions before the annuity starting date. What is form 1040x Bill is to receive a retirement benefit of $1,200 a month, and Kathy is to receive a monthly survivor benefit of $600 upon Bill's death. What is form 1040x Bill must use the Simplified Method to figure his taxable annuity because his payments are from a qualified plan and he is under age 75. What is form 1040x Because his annuity is payable over the lives of more than one annuitant, he uses his and Kathy's combined ages and Table 2 at the bottom of the worksheet in completing line 3 of the worksheet. What is form 1040x His completed worksheet is shown in Worksheet 10-A. What is form 1040x Bill's tax-free monthly amount is $100 ($31,000 ÷ 310) as shown on line 4 of the worksheet. What is form 1040x Upon Bill's death, if Bill has not recovered the full $31,000 investment, Kathy will also exclude $100 from her $600 monthly payment. What is form 1040x The full amount of any annuity payments received after 310 payments are paid must be included in gross income. What is form 1040x If Bill and Kathy die before 310 payments are made, a miscellaneous itemized deduction will be allowed for the unrecovered cost on the final income tax return of the last to die. What is form 1040x This deduction is not subject to the 2%-of-adjusted- gross-income limit. What is form 1040x Worksheet 10-A. What is form 1040x Simplified Method Worksheet for Bill Smith 1. What is form 1040x Enter the total pension or annuity payments received this year. What is form 1040x Also, add this amount to the total for Form 1040, line 16a, or Form 1040A, line 12a 1. What is form 1040x 14,400 2. What is form 1040x Enter your cost in the plan (contract) at the annuity starting date plus any death benefit exclusion*. What is form 1040x See Cost (Investment in the Contract) , earlier 2. What is form 1040x 31,000       Note: If your annuity starting date was before this year and you completed this worksheet last year, skip line 3 and enter the amount from line 4 of last year's worksheet on line 4 below (even if the amount of your pension or annuity has changed). What is form 1040x Otherwise, go to line 3. What is form 1040x         3. What is form 1040x Enter the appropriate number from Table 1 below. What is form 1040x But if your annuity starting date was after 1997 and the payments are for your life and that of your beneficiary, enter the appropriate number from Table 2 below 3. What is form 1040x 310     4. What is form 1040x Divide line 2 by the number on line 3 4. What is form 1040x 100     5. What is form 1040x Multiply line 4 by the number of months for which this year's payments were made. What is form 1040x If your annuity starting date was before 1987, enter this amount on line 8 below and skip lines 6, 7, 10, and 11. What is form 1040x Otherwise, go to line 6 5. What is form 1040x 1,200     6. What is form 1040x Enter any amounts previously recovered tax free in years after 1986. What is form 1040x This is the amount shown on line 10 of your worksheet for last year 6. What is form 1040x -0-     7. What is form 1040x Subtract line 6 from line 2 7. What is form 1040x 31,000     8. What is form 1040x Enter the smaller of line 5 or line 7 8. What is form 1040x 1,200 9. What is form 1040x Taxable amount for year. What is form 1040x Subtract line 8 from line 1. What is form 1040x Enter the result, but not less than zero. What is form 1040x Also, add this amount to the total for Form 1040, line 16b, or Form 1040A, line 12b 9. What is form 1040x 13,200   Note: If your Form 1099-R shows a larger taxable amount, use the amount figured on this line instead. What is form 1040x If you are a retired public safety officer, see Insurance Premiums for Retired Public Safety Officers in Publication 575 before entering an amount on your tax return. What is form 1040x     10. What is form 1040x Was your annuity starting date before 1987? □ Yes. What is form 1040x STOP. What is form 1040x Do not complete the rest of this worksheet. What is form 1040x  ☑ No. What is form 1040x Add lines 6 and 8. What is form 1040x This is the amount you have recovered tax free through 2013. What is form 1040x You will need this number if you need to fill out this worksheet next year 10. What is form 1040x 1,200 11. What is form 1040x Balance of cost to be recovered. What is form 1040x Subtract line 10 from line 2. What is form 1040x If zero, you will not have to complete this worksheet next year. What is form 1040x The payments you receive next year will generally be fully taxable 11. What is form 1040x 29,800 TABLE 1 FOR LINE 3 ABOVE   AND your annuity starting date was— IF the age at annuity starting date was. What is form 1040x . What is form 1040x . What is form 1040x before November 19, 1996, enter on line 3. What is form 1040x . What is form 1040x . What is form 1040x after November 18, 1996, enter on line 3. What is form 1040x . What is form 1040x . What is form 1040x 55 or under 300 360 56–60 260 310 61–65 240 260 66–70 170 210 71 or older 120 160 TABLE 2 FOR LINE 3 ABOVE IF the combined ages at annuity starting date were. What is form 1040x . What is form 1040x . What is form 1040x   THEN enter on line 3. What is form 1040x . What is form 1040x . What is form 1040x 110 or under   410 111–120   360 121–130   310 131–140   260 141 or older   210 * A death benefit exclusion (up to $5,000) applied to certain benefits received by employees who died before August 21, 1996. What is form 1040x Who must use the General Rule. What is form 1040x   You must use the General Rule if you receive pension or annuity payments from: A nonqualified plan (such as a private annuity, a purchased commercial annuity, or a nonqualified employee plan), or A qualified plan if you are age 75 or older on your annuity starting date and your annuity payments are guaranteed for at least 5 years. What is form 1040x Annuity starting before November 19, 1996. What is form 1040x   If your annuity starting date is after July 1, 1986, and before November 19, 1996, you had to use the General Rule for either circumstance just described. What is form 1040x You also had to use it for any fixed-period annuity. What is form 1040x If you did not have to use the General Rule, you could have chosen to use it. What is form 1040x If your annuity starting date is before July 2, 1986, you had to use the General Rule unless you could use the Three-Year Rule. What is form 1040x   If you had to use the General Rule (or chose to use it), you must continue to use it each year that you recover your cost. What is form 1040x Who cannot use the General Rule. What is form 1040x   You cannot use the General Rule if you receive your pension or annuity from a qualified plan and none of the circumstances described in the preceding discussions apply to you. What is form 1040x See Who must use the Simplified Method , earlier. What is form 1040x More information. What is form 1040x   For complete information on using the General Rule, including the actuarial tables you need, see Publication 939. What is form 1040x Taxation of Nonperiodic Payments Nonperiodic distributions are also known as amounts not received as an annuity. What is form 1040x They include all payments other than periodic payments and corrective distributions. What is form 1040x Examples of nonperiodic payments are cash withdrawals, distributions of current earnings, certain loans, and the value of annuity contracts transferred without full and adequate consideration. What is form 1040x Corrective distributions of excess plan contributions. What is form 1040x   Generally, if the contributions made for you during the year to certain retirement plans exceed certain limits, the excess is taxable to you. What is form 1040x To correct an excess, your plan may distribute it to you (along with any income earned on the excess). What is form 1040x For information on plan contribution limits and how to report corrective distributions of excess contributions, see Retirement Plan Contributions under Employee Compensation in Publication 525. What is form 1040x Figuring the taxable amount of nonperiodic payments. What is form 1040x   How you figure the taxable amount of a nonperiodic distribution depends on whether it is made before the annuity starting date, or on or after the annuity starting date. What is form 1040x If it is made before the annuity starting date, its tax treatment also depends on whether it is made under a qualified or nonqualified plan. What is form 1040x If it is made under a nonqualified plan, its tax treatment depends on whether it fully discharges the contract, is received under certain life insurance or endowment contracts, or is allocable to an investment you made before August 14, 1982. What is form 1040x Annuity starting date. What is form 1040x   The annuity starting date is either the first day of the first period for which you receive an annuity payment under the contract or the date on which the obligation under the contract becomes fixed, whichever is later. What is form 1040x Distribution on or after annuity starting date. What is form 1040x   If you receive a nonperiodic payment from your annuity contract on or after the annuity starting date, you generally must include all of the payment in gross income. What is form 1040x Distribution before annuity starting date. What is form 1040x   If you receive a nonperiodic distribution before the annuity starting date from a qualified retirement plan, you generally can allocate only part of it to the cost of the contract. What is form 1040x You exclude from your gross income the part that you allocate to the cost. What is form 1040x You include the remainder in your gross income. What is form 1040x   If you receive a nonperiodic distribution before the annuity starting date from a plan other than a qualified retirement plan (nonqualified plan), it is allocated first to earnings (the taxable part) and then to the cost of the contract (the tax-free part). What is form 1040x This allocation rule applies, for example, to a commercial annuity contract you bought directly from the issuer. What is form 1040x    Distributions from nonqualified plans are subject to the net investment income tax. What is form 1040x See the Instructions for Form 8960. What is form 1040x   For more information, see Figuring the Taxable Amount under Taxation of Nonperiodic Payments in Publication 575. What is form 1040x Lump-Sum Distributions This section on lump-sum distributions only applies if the plan participant was born before January 2, 1936. What is form 1040x If the plan participant was born after January 1, 1936, the taxable amount of this nonperiodic payment is reported as discussed earlier. What is form 1040x A lump-sum distribution is the distribution or payment in one tax year of a plan participant's entire balance from all of the employer's qualified plans of one kind (for example, pension, profit-sharing, or stock bonus plans). What is form 1040x A distribution from a nonqualified plan (such as a privately purchased commercial annuity or a section 457 deferred compensation plan of a state or local government or tax-exempt organization) cannot qualify as a lump-sum distribution. What is form 1040x The participant's entire balance from a plan does not include certain forfeited amounts. What is form 1040x It also does not include any deductible voluntary employee contributions allowed by the plan after 1981 and before 1987. What is form 1040x For more information about distributions that do not qualify as lump-sum distributions, see Distributions that do not qualify under Lump-Sum Distributions in Publication 575. What is form 1040x If you receive a lump-sum distribution from a qualified employee plan or qualified employee annuity and the plan participant was born before January 2, 1936, you may be able to elect optional methods of figuring the tax on the distribution. What is form 1040x The part from active participation in the plan before 1974 may qualify as capital gain subject to a 20% tax rate. What is form 1040x The part from participation after 1973 (and any part from participation before 1974 that you do not report as capital gain) is ordinary income. What is form 1040x You may be able to use the 10-year tax option, discussed later, to figure tax on the ordinary income part. What is form 1040x Use Form 4972 to figure the separate tax on a lump-sum distribution using the optional methods. What is form 1040x The tax figured on Form 4972 is added to the regular tax figured on your other income. What is form 1040x This may result in a smaller tax than you would pay by including the taxable amount of the distribution as ordinary income in figuring your regular tax. What is form 1040x How to treat the distribution. What is form 1040x   If you receive a lump-sum distribution, you may have the following options for how you treat the taxable part. What is form 1040x Report the part of the distribution from participation before 1974 as a capital gain (if you qualify) and the part from participation after 1973 as ordinary income. What is form 1040x Report the part of the distribution from participation before 1974 as a capital gain (if you qualify) and use the 10-year tax option to figure the tax on the part from participation after 1973 (if you qualify). What is form 1040x Use the 10-year tax option to figure the tax on the total taxable amount (if you qualify). What is form 1040x Roll over all or part of the distribution. What is form 1040x See Rollovers , later. What is form 1040x No tax is currently due on the part rolled over. What is form 1040x Report any part not rolled over as ordinary income. What is form 1040x Report the entire taxable part of the distribution as ordinary income on your tax return. What is form 1040x   The first three options are explained in the following discussions. What is form 1040x Electing optional lump-sum treatment. What is form 1040x   You can choose to use the 10-year tax option or capital gain treatment only once after 1986 for any plan participant. What is form 1040x If you make this choice, you cannot use either of these optional treatments for any future distributions for the participant. What is form 1040x Taxable and tax-free parts of the distribution. What is form 1040x    The taxable part of a lump-sum distribution is the employer's contributions and income earned on your account. What is form 1040x You may recover your cost in the lump sum and any net unrealized appreciation (NUA) in employer securities tax free. What is form 1040x Cost. What is form 1040x   In general, your cost is the total of: The plan participant's nondeductible contributions to the plan, The plan participant's taxable costs of any life insurance contract distributed, Any employer contributions that were taxable to the plan participant, and Repayments of any loans that were taxable to the plan participant. What is form 1040x You must reduce this cost by amounts previously distributed tax free. What is form 1040x Net unrealized appreciation (NUA). What is form 1040x   The NUA in employer securities (box 6 of Form 1099-R) received as part of a lump-sum distribution is generally tax free until you sell or exchange the securities. What is form 1040x (For more information, see Distributions of employer securities under Taxation of Nonperiodic Payments in Publication 575. What is form 1040x ) Capital Gain Treatment Capital gain treatment applies only to the taxable part of a lump-sum distribution resulting from participation in the plan before 1974. What is form 1040x The amount treated as capital gain is taxed at a 20% rate. What is form 1040x You can elect this treatment only once for any plan participant, and only if the plan participant was born before January 2, 1936. What is form 1040x Complete Part II of Form 4972 to choose the 20% capital gain election. What is form 1040x For more information, see Capital Gain Treatment under Lump-Sum Distributions in Publication 575. What is form 1040x 10-Year Tax Option The 10-year tax option is a special formula used to figure a separate tax on the ordinary income part of a lump-sum distribution. What is form 1040x You pay the tax only once, for the year in which you receive the distribution, not over the next 10 years. What is form 1040x You can elect this treatment only once for any plan participant, and only if the plan participant was born before January 2, 1936. What is form 1040x The ordinary income part of the distribution is the amount shown in box 2a of the Form 1099-R given to you by the payer, minus the amount, if any, shown in box 3. What is form 1040x You also can treat the capital gain part of the distribution (box 3 of Form 1099-R) as ordinary income for the 10-year tax option if you do not choose capital gain treatment for that part. What is form 1040x Complete Part III of Form 4972 to choose the 10-year tax option. What is form 1040x You must use the special Tax Rate Schedule shown in the instructions for Part III to figure the tax. What is form 1040x Publication 575 illustrates how to complete Form 4972 to figure the separate tax. What is form 1040x Rollovers If you withdraw cash or other assets from a qualified retirement plan in an eligible rollover distribution, you can defer tax on the distribution by rolling it over to another qualified retirement plan or a traditional IRA. What is form 1040x For this purpose, the following plans are qualified retirement plans. What is form 1040x A qualified employee plan. What is form 1040x A qualified employee annuity. What is form 1040x A tax-sheltered annuity plan (403(b) plan). What is form 1040x An eligible state or local government section 457 deferred compensation plan. What is form 1040x Eligible rollover distributions. What is form 1040x   Generally, an eligible rollover distribution is any distribution of all or any part of the balance to your credit in a qualified retirement plan. What is form 1040x For information about exceptions to eligible rollover distributions, see Publication 575. What is form 1040x Rollover of nontaxable amounts. What is form 1040x   You may be able to roll over the nontaxable part of a distribution (such as your after-tax contributions) made to another qualified retirement plan that is a qualified employee plan or a 403(b) plan, or to a traditional or Roth IRA. What is form 1040x The transfer must be made either through a direct rollover to a qualified plan or 403(b) plan that separately accounts for the taxable and nontaxable parts of the rollover or through a rollover to a traditional or Roth IRA. What is form 1040x   If you roll over only part of a distribution that includes both taxable and nontaxable amounts, the amount you roll over is treated as coming first from the taxable part of the distribution. What is form 1040x   Any after-tax contributions that you roll over into your traditional IRA become part of your basis (cost) in your IRAs. What is form 1040x To recover your basis when you take distributions from your IRA, you must complete Form 8606 for the year of the distribution. What is form 1040x For more information, see the Form 8606 instructions. What is form 1040x Direct rollover option. What is form 1040x   You can choose to have any part or all of an eligible rollover distribution paid directly to another qualified retirement plan that accepts rollover distributions or to a traditional or Roth IRA. What is form 1040x If you choose the direct rollover option, or have an automatic rollover, no tax will be withheld from any part of the distribution that is directly paid to the trustee of the other plan. What is form 1040x Payment to you option. What is form 1040x   If an eligible rollover distribution is paid to you, 20% generally will be withheld for income tax. What is form 1040x However, the full amount is treated as distributed to you even though you actually receive only 80%. What is form 1040x You generally must include in income any part (including the part withheld) that you do not roll over within 60 days to another qualified retirement plan or to a traditional or Roth IRA. What is form 1040x (See Pensions and Annuities under Tax Withholding for 2014 in chapter 4. What is form 1040x )    If you decide to roll over an amount equal to the distribution before withholding, your contribution to the new plan or IRA must include other money (for example, from savings or amounts borrowed) to replace the amount withheld. What is form 1040x Time for making rollover. What is form 1040x   You generally must complete the rollover of an eligible rollover distribution paid to you by the 60th day following the day on which you receive the distribution from your employer's plan. What is form 1040x (If an amount distributed to you becomes a frozen deposit in a financial institution during the 60-day period after you receive it, the rollover period is extended for the period during which the distribution is in a frozen deposit in a financial institution. What is form 1040x )   The IRS may waive the 60-day requirement where the failure to do so would be against equity or good conscience, such as in the event of a casualty, disaster, or other event beyond your reasonable control. What is form 1040x   The administrator of a qualified plan must give you a written explanation of your distribution options within a reasonable period of time before making an eligible rollover distribution. What is form 1040x Qualified domestic relations order (QDRO). What is form 1040x   You may be able to roll over tax free all or part of a distribution from a qualified retirement plan that you receive under a QDRO. What is form 1040x If you receive the distribution as an employee's spouse or former spouse (not as a nonspousal beneficiary), the rollover rules apply to you as if you were the employee. What is form 1040x You can roll over the distribution from the plan into a traditional IRA or to another eligible retirement plan. What is form 1040x See Rollovers in Publication 575 for more information on benefits received under a QDRO. What is form 1040x Rollover by surviving spouse. What is form 1040x   You may be able to roll over tax free all or part of a distribution from a qualified retirement plan you receive as the surviving spouse of a deceased employee. What is form 1040x The rollover rules apply to you as if you were the employee. What is form 1040x You can roll over a distribution into a qualified retirement plan or a traditional or Roth IRA. What is form 1040x For a rollover to a Roth IRA, see Rollovers to Roth IRAs , later. What is form 1040x    A distribution paid to a beneficiary other than the employee's surviving spouse is generally not an eligible rollover distribution. What is form 1040x However, see Rollovers by nonspouse beneficiary next. What is form 1040x Rollovers by nonspouse beneficiary. What is form 1040x   If you are a designated beneficiary (other than a surviving spouse) of a deceased employee, you may be able to roll over tax free all or a portion of a distribution you receive from an eligible retirement plan of the employee. What is form 1040x The distribution must be a direct trustee-to-trustee transfer to your traditional or Roth IRA that was set up to receive the distribution. What is form 1040x The transfer will be treated as an eligible rollover distribution and the receiving plan will be treated as an inherited IRA. What is form 1040x For information on inherited IRAs, see What if You Inherit an IRA? in chapter 1 of Publication 590, Individual Retirement Arrangements (IRAs). What is form 1040x Retirement bonds. What is form 1040x   If you redeem retirement bonds purchased under a qualified bond purchase plan, you can roll over the proceeds that exceed your basis tax free into an IRA (as discussed in Publication 590) or a qualified employer plan. What is form 1040x Designated Roth accounts. What is form 1040x   You can roll over an eligible rollover distribution from a designated Roth account into another designated Roth account or a Roth IRA. What is form 1040x If you want to roll over the part of the distribution that is not included in income, you must make a direct rollover of the entire distribution or you can roll over the entire amount (or any portion) to a Roth IRA. What is form 1040x For more information on rollovers from designated Roth accounts, see Rollovers in Publication 575. What is form 1040x In-plan rollovers to designated Roth accounts. What is form 1040x   If you are a plan participant in a 401(k), 403(b), or 457(b) plan, your plan may permit you to roll over amounts in those plans to a designated Roth account within the same plan. What is form 1040x The rollover of any untaxed amounts must be included in income. What is form 1040x See Designated Roth accounts under Rollovers in Publication 575 for more information. What is form 1040x Rollovers to Roth IRAs. What is form 1040x   You can roll over distributions directly from a qualified retirement plan (other than a designated Roth account) to a Roth IRA. What is form 1040x   You must include in your gross income distributions from a qualified retirement plan (other than a designated Roth account) that you would have had to include in income if you had not rolled them over into a Roth IRA. What is form 1040x You do not include in gross income any part of a distribution from a qualified retirement plan that is a return of contributions to the plan that were taxable to you when paid. What is form 1040x In addition, the 10% tax on early distributions does not apply. What is form 1040x More information. What is form 1040x   For more information on the rules for rolling over distributions, see Rollovers in Publication 575. What is form 1040x Special Additional Taxes To discourage the use of pension funds for purposes other than normal retirement, the law imposes additional taxes on early distributions of those funds and on failures to withdraw the funds timely. What is form 1040x Ordinarily, you will not be subject to these taxes if you roll over all early distributions you receive, as explained earlier, and begin drawing out the funds at a normal retirement age, in reasonable amounts over your life expectancy. What is form 1040x These special additional taxes are the taxes on: Early distributions, and Excess accumulation (not receiving minimum distributions). What is form 1040x These taxes are discussed in the following sections. What is form 1040x If you must pay either of these taxes, report them on Form 5329. What is form 1040x However, you do not have to file Form 5329 if you owe only the tax on early distributions and your Form 1099-R correctly shows a “1” in box 7. What is form 1040x Instead, enter 10% of the taxable part of the distribution on Form 1040, line 58 and write “No” under the heading “Other Taxes” to the left of line 58. What is form 1040x Even if you do not owe any of these taxes, you may have to complete Form 5329 and attach it to your Form 1040. What is form 1040x This applies if you meet an exception to the tax on early distributions but box 7 of your Form 1099-R does not indicate an exception. What is form 1040x Tax on Early Distributions Most distributions (both periodic and nonperiodic) from qualified retirement plans and nonqualified annuity contracts made to you before you reach age 59½ are subject to an additional tax of 10%. What is form 1040x This tax applies to the part of the distribution that you must include in gross income. What is form 1040x For this purpose, a qualified retirement plan is: A qualified employee plan, A qualified employee annuity plan, A tax-sheltered annuity plan, or An eligible state or local government section 457 deferred compensation plan (to the extent that any distribution is attributable to amounts the plan received in a direct transfer or rollover from one of the other plans listed here or an IRA). What is form 1040x 5% rate on certain early distributions from deferred annuity contracts. What is form 1040x   If an early withdrawal from a deferred annuity is otherwise subject to the 10% additional tax, a 5% rate may apply instead. What is form 1040x A 5% rate applies to distributions under a written election providing a specific schedule for the distribution of your interest in the contract if, as of March 1, 1986, you had begun receiving payments under the election. What is form 1040x On line 4 of Form 5329, multiply the line 3 amount by 5% instead of 10%. What is form 1040x Attach an explanation to your return. What is form 1040x Distributions from Roth IRAs allocable to a rollover from an eligible retirement plan within the 5-year period. What is form 1040x   If, within the 5-year period starting with the first day of your tax year in which you rolled over an amount from an eligible retirement plan to a Roth IRA, you take a distribution from the Roth IRA, you may have to pay the additional 10% tax on early distributions. What is form 1040x You generally must pay the 10% additional tax on any amount attributable to the part of the rollover that you had to include in income. What is form 1040x The additional tax is figured on Form 5329. What is form 1040x For more information, see Form 5329 and its instructions. What is form 1040x For information on qualified distributions from Roth IRAs, see Additional Tax on Early Distributions in chapter 2 of Publication 590. What is form 1040x Distributions from designated Roth accounts allocable to in-plan Roth rollovers within the 5-year period. What is form 1040x   If, within the 5-year period starting with the first day of your tax year in which you rolled over an amount from a 401(k), 403(b), or 457(b) plan to a designated Roth account, you take a distribution from the designated Roth account, you may have to pay the additional 10% tax on early distributions. What is form 1040x You generally must pay the 10% additional tax on any amount attributable to the part of the in-plan rollover that you had to include in income. What is form 1040x The additional tax is figured on Form 5329. What is form 1040x For more information, see Form 5329 and its instructions. What is form 1040x For information on qualified distributions from designated Roth accounts, see Designated Roth accounts under Taxation of Periodic Payments in Publication 575. What is form 1040x Exceptions to tax. What is form 1040x    Certain early distributions are excepted from the early distribution tax. What is form 1040x If the payer knows that an exception applies to your early distribution, distribution code “2,” “3,” or “4” should be shown in box 7 of your Form 1099-R and you do not have to report the distribution on Form 5329. What is form 1040x If an exception applies but distribution code “1” (early distribution, no known exception) is shown in box 7, you must file Form 5329. What is form 1040x Enter the taxable amount of the distribution shown in box 2a of your Form 1099-R on line 1 of Form 5329. What is form 1040x On line 2, enter the amount that can be excluded and the exception number shown in the Form 5329 instructions. What is form 1040x    If distribution code “1” is incorrectly shown on your Form 1099-R for a distribution received when you were age 59½ or older, include that distribution on Form 5329. What is form 1040x Enter exception number “12” on line 2. What is form 1040x General exceptions. What is form 1040x   The tax does not apply to distributions that are: Made as part of a series of substantially equal periodic payments (made at least annually) for your life (or life expectancy) or the joint lives (or joint life expectancies) of you and your designated beneficiary (if from a qualified retirement plan, the payments must begin after your separation from service), Made because you are totally and permanently disabled, or Made on or after the death of the plan participant or contract holder. What is form 1040x Additional exceptions for qualified retirement plans. What is form 1040x   The tax does not apply to distributions that are: From a qualified retirement plan (other than an IRA) after your separation from service in or after the year you reached age 55 (age 50 for qualified public safety employees), From a qualified retirement plan (other than an IRA) to an alternate payee under a qualified domestic relations order, From a qualified retirement plan to the extent you have deductible medical expenses that exceed 10% (or 7. What is form 1040x 5% if you or your spouse are age 65 or older) of your adjusted gross income, whether or not you itemize your deductions for the year, From an employer plan under a written election that provides a specific schedule for distribution of your entire interest if, as of March 1, 1986, you had separated from service and had begun receiving payments under the election, From an employee stock ownership plan for dividends on employer securities held by the plan, From a qualified retirement plan due to an IRS levy of the plan, From elective deferral accounts under 401(k) or 403(b) plans or similar arrangements that are qualified reservist distributions, or Phased retirement annuity payments made to federal employees. What is form 1040x See Pub. What is form 1040x 721 for more information on the phased retirement program. What is form 1040x Qualified public safety employees. What is form 1040x   If you are a qualified public safety employee, distributions made from a governmental defined benefit pension plan are not subject to the additional tax on early distributions. What is form 1040x You are a qualified public safety employee if you provide police protection, firefighting services, or emergency medical services for a state or municipality, and you separated from service in or after the year you attained age 50. What is form 1040x Qualified reservist distributions. What is form 1040x   A qualified reservist distribution is not subject to the additional tax on early distributions. What is form 1040x A qualified reservist distribution is a distribution (a) from elective deferrals under a section 401(k) or 403(b) plan, or a similar arrangement, (b) to an individual ordered or called to active duty (because he or she is a member of a reserve component) for a period of more than 179 days or for an indefinite period, and (c) made during the period beginning on the date of the order or call and ending at the close of the active duty period. What is form 1040x You must have been ordered or called to active duty after September 11, 2001. What is form 1040x For more information, see Qualified reservist distributions under Special Additional Taxes in Publication 575. What is form 1040x Additional exceptions for nonqualified annuity contracts. What is form 1040x   The tax does not apply to distributions from: A deferred annuity contract to the extent allocable to investment in the contract before August 14, 1982, A deferred annuity contract under a qualified personal injury settlement, A deferred annuity contract purchased by your employer upon termination of a qualified employee plan or qualified employee annuity plan and held by your employer until your separation from service, or An immediate annuity contract (a single premium contract providing substantially equal annuity payments that start within 1 year from the date of purchase and are paid at least annually). What is form 1040x Tax on Excess Accumulation To make sure that most of your retirement benefits are paid to you during your lifetime, rather than to your beneficiaries after your death, the payments that you receive from qualified retirement plans must begin no later than your required beginning date (defined later). What is form 1040x The payments each year cannot be less than the required minimum distribution. What is form 1040x Required distributions not made. What is form 1040x   If the actual distributions to you in any year are less than the minimum required distribution for that year, you are subject to an additional tax. What is form 1040x The tax equals 50% of the part of the required minimum distribution that was not distributed. What is form 1040x   For this purpose, a qualified retirement plan includes: A qualified employee plan, A qualified employee annuity plan, An eligible section 457 deferred compensation plan, or A tax-sheltered annuity plan (403(b) plan)(for benefits accruing after 1986). What is form 1040x Waiver. What is form 1040x   The tax may be waived if you establish that the shortfall in distributions was due to reasonable error and that reasonable steps are being taken to remedy the shortfall. What is form 1040x See the Instructions for Form 5329 for the procedure to follow if you believe you qualify for a waiver of this tax. What is form 1040x State insurer delinquency proceedings. What is form 1040x   You might not receive the minimum distribution because assets are invested in a contract issued by an insurance company in state insurer delinquency proceedings. What is form 1040x If your payments are reduced below the minimum due to these proceedings, you should contact your plan administrator. What is form 1040x Under certain conditions, you will not have to pay the 50% excise tax. What is form 1040x Required beginning date. What is form 1040x   Unless the rule for 5% owners applies, you generally must begin to receive distributions from your qualified retirement plan by April 1 of the year that follows the later of: The calendar year in which you reach age 70½, or The calendar year in which you retire from employment with the employer maintaining the plan. What is form 1040x However, your plan may require you to begin to receive distributions by April 1 of the year that follows the year in which you reach age 70½, even if you have not retired. What is form 1040x   If you reached age 70½ in 2013, you may be required to receive your first distribution by April 1, 2014. What is form 1040x Your required distribution then must be made for 2014 by December 31, 2014. What is form 1040x 5% owners. What is form 1040x   If you are a 5% owner, you must begin to receive distributions by April 1 of the year that follows the calendar year in which you reach age 70½. What is form 1040x   You are a 5% owner if, for the plan year ending in the calendar year in which you reach age 70½, you own (or are considered to own under section 318 of the Internal Revenue Code) more than 5% of the outstanding stock (or more than 5% of the total voting power of all stock) of the employer, or more than 5% of the capital or profits interest in the employer. What is form 1040x Age 70½. What is form 1040x   You reach age 70½ on the date that is 6 calendar months after the date of your 70th birthday. What is form 1040x   For example, if you are retired and your 70th birthday was on June 30, 2013, you were age 70½ on December 30, 2013. What is form 1040x If your 70th birthday was on July 1, 2013, you reached age 70½ on January 1, 2014. What is form 1040x Required distributions. What is form 1040x   By the required beginning date, as explained earlier, you must either: Receive your entire interest in the plan (for a tax-sheltered annuity, your entire benefit accruing after 1986), or Begin receiving periodic distributions in annual amounts calculated to distribute your entire interest (for a tax-sheltered annuity, your entire benefit accruing after 1986) over your life or life expectancy or over the joint lives or joint life expectancies of you and a designated beneficiary (or over a shorter period). What is form 1040x Additional information. What is form 1040x   For more information on this rule, see Tax on Excess Accumulation in Publication 575. What is form 1040x Form 5329. What is form 1040x   You must file Form 5329 if you owe tax because you did not receive a minimum required distribution from your qualified retirement plan. What is form 1040x Survivors and Beneficiaries Generally, a survivor or beneficiary reports pension or annuity income in the same way the plan participant would have. What is form 1040x However, some special rules apply. What is form 1040x See Publication 575 for more information. What is form 1040x Survivors of employees. What is form 1040x   If you are entitled to receive a survivor annuity on the death of an employee who died, you can exclude part of each annuity payment as a tax-free recovery of the employee's investment in the contract. What is form 1040x You must figure the taxable and tax-free parts of your annuity payments using the method that applies as if you were the employee. What is form 1040x Survivors of retirees. What is form 1040x   If you receive benefits as a survivor under a joint and survivor annuity, include those benefits in income in the same way the retiree would have included them in income. What is form 1040x If you receive a survivor annuity because of the death of a retiree who had reported the annuity under the Three-Year Rule and recovered all of the cost tax free, your survivor payments are fully taxable. What is form 1040x    If the retiree was reporting the annuity payments under the General Rule, you must apply the same exclusion percentage to your initial survivor annuity payment called for in the contract. What is form 1040x The resulting tax-free amount will then remain fixed. What is form 1040x Any increases in the survivor annuity are fully taxable. What is form 1040x    If the retiree was reporting the annuity payments under the Simplified Method, the part of each payment that is tax free is the same as the tax-free amount figured by the retiree at the annuity starting date. What is form 1040x This amount remains fixed even if the annuity payments are increased or decreased. What is form 1040x See Simplified Method , earlier. What is form 1040x   In any case, if the annuity starting date is after 1986, the total exclusion over the years cannot be more than the cost. What is form 1040x Estate tax deduction. What is form 1040x   If your annuity was a joint and survivor annuity that was included in the decedent's estate, an estate tax may have been paid on it. What is form 1040x You can deduct the part of the total estate tax that was based on the annuity. What is form 1040x The deceased annuitant must have died after the annuity starting date. What is form 1040x (For details, see section 1. What is form 1040x 691(d)-1 of the regulations. What is form 1040x ) Deduct it in equal amounts over your remaining life expectancy. What is form 1040x   If the decedent died before the annuity starting date of a deferred annuity contract and you receive a death benefit under that contract, the amount you receive (either in a lump sum or as periodic payments) in excess of the decedent's cost is included in your gross income as income in respect of a decedent for which you may be able to claim an estate tax deduction. What is form 1040x   You can take the estate tax deduction as an itemized deduction on Schedule A, Form 1040. What is form 1040x This deduction is not subject to the 2%-of-adjusted-gross-income limit on miscellaneous deductions. What is form 1040x See Publication 559, Survivors, Executors, and Administrators, for more information on the estate tax deduction. What is form 1040x Prev  Up  Next   Home   More Online Publications