Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

Where Can I Get A 2012 Tax Form

File My Taxes For 2012Refile Tax ReturnTax Form EzFiling Amended Tax Return 2011Www Irs Gov EfileFile State Taxes FreeTurbotax Amended Return 2011Free 1040ez Filing OnlineCan You File 2012 Taxes OnlineTaxact 2012 LoginH&r Block OnlineCan I Efile A 2012 Tax ReturnFilling Out 1040xEz Tax Form OnlineHow To Amend Your Tax ReturnThere Previous Years Tax Software That FreeHow Do I File 2012 Tax ReturnHr Block Free EfileFree H & R Block Tax Filing2014 1040ezH&r Block Tax Software 2011Fill Out 1040ezFiling An Amended Tax Return For 2012Amend My 2011 Tax ReturnFree Websites To File State TaxesPrior Tax2012 Tax PreparationFile State Taxes Online For Free1040ez 2014 FormsIrs Tax Forms For 20121040 Ez FileH&r Block State Tax CouponForm10402012 Tax Return OnlineHr Block 2010 DownloadHow To Amend Taxes With TurbotaxBankruptcy Back TaxesAmend 2011 Tax ReturnFree Online State Tax FilingIrs Easy Form

Where Can I Get A 2012 Tax Form

Where can i get a 2012 tax form Publication 530 - Main Content Table of Contents What You Can and Cannot DeductHardest Hit Fund and Emergency Homeowners' Loan Programs Real Estate Taxes Sales Taxes Home Mortgage Interest Mortgage Insurance Premiums Mortgage Interest CreditFiguring the Credit BasisFiguring Your Basis Adjusted Basis Keeping Records How To Get Tax HelpLow Income Taxpayer Clinics What You Can and Cannot Deduct To deduct expenses of owning a home, you must file Form 1040, U. Where can i get a 2012 tax form S. Where can i get a 2012 tax form Individual Income Tax Return, and itemize your deductions on Schedule A (Form 1040). Where can i get a 2012 tax form If you itemize, you cannot take the standard deduction. Where can i get a 2012 tax form This section explains what expenses you can deduct as a homeowner. Where can i get a 2012 tax form It also points out expenses that you cannot deduct. Where can i get a 2012 tax form There are four primary discussions: real estate taxes, sales taxes, home mortgage interest, and mortgage insurance premiums. Where can i get a 2012 tax form Generally, your real estate taxes, home mortgage interest, and mortgage insurance premiums are included in your house payment. Where can i get a 2012 tax form Your house payment. Where can i get a 2012 tax form   If you took out a mortgage (loan) to finance the purchase of your home, you probably have to make monthly house payments. Where can i get a 2012 tax form Your house payment may include several costs of owning a home. Where can i get a 2012 tax form The only costs you can deduct are real estate taxes actually paid to the taxing authority, interest that qualifies as home mortgage interest, and mortgage insurance premiums. Where can i get a 2012 tax form These are discussed in more detail later. Where can i get a 2012 tax form   Some nondeductible expenses that may be included in your house payment include: Fire or homeowner's insurance premiums, and The amount applied to reduce the principal of the mortgage. Where can i get a 2012 tax form Minister's or military housing allowance. Where can i get a 2012 tax form   If you are a minister or a member of the uniformed services and receive a housing allowance that is not taxable, you still can deduct your real estate taxes and your home mortgage interest. Where can i get a 2012 tax form You do not have to reduce your deductions by your nontaxable allowance. Where can i get a 2012 tax form For more information see Publication 517, Social Security and Other Information for Members of the Clergy and Religious Workers, and Publication 3, Armed Forces' Tax Guide. Where can i get a 2012 tax form Nondeductible payments. Where can i get a 2012 tax form   You cannot deduct any of the following items. Where can i get a 2012 tax form Insurance (other than mortgage insurance premiums), including fire and comprehensive coverage, and title insurance. Where can i get a 2012 tax form Wages you pay for domestic help. Where can i get a 2012 tax form Depreciation. Where can i get a 2012 tax form The cost of utilities, such as gas, electricity, or water. Where can i get a 2012 tax form Most settlement costs. Where can i get a 2012 tax form See Settlement or closing costs under Cost as Basis, later, for more information. Where can i get a 2012 tax form Forfeited deposits, down payments, or earnest money. Where can i get a 2012 tax form Hardest Hit Fund and Emergency Homeowners' Loan Programs You can use a special method to compute your deduction for mortgage interest and real estate taxes on your main home if you meet the following two conditions. Where can i get a 2012 tax form You received assistance under: A State Housing Finance Agency (State HFA) Hardest Hit Fund program in which program payments could be used to pay mortgage interest, or An Emergency Homeowners' Loan Program administered by the Department of Housing and Urban Development (HUD) or a state. Where can i get a 2012 tax form You meet the rules to deduct all of the mortgage interest on your loan and all of the real estate taxes on your main home. Where can i get a 2012 tax form If you meet these tests, then you can deduct all of the payments you actually made during the year to your mortgage servicer, the State HFA, or HUD on the home mortgage (including the amount shown on box 3 of Form 1098-MA, Mortgage Assistance Payments), but not more than the sum of the amounts shown on Form 1098, Mortgage Interest Statement, in box 1 (mortgage interest received), box 4 (mortgage insurance premiums) and box 5 (real property taxes). Where can i get a 2012 tax form However, you are not required to use this special method to compute your deduction for mortgage interest and real estate taxes on your main home. Where can i get a 2012 tax form Real Estate Taxes Most state and local governments charge an annual tax on the value of real property. Where can i get a 2012 tax form This is called a real estate tax. Where can i get a 2012 tax form You can deduct the tax if it is assessed uniformly at a like rate on all real property throughout the community. Where can i get a 2012 tax form The proceeds must be for general community or governmental purposes and not be a payment for a special privilege granted or service rendered to you. Where can i get a 2012 tax form Deductible Real Estate Taxes You can deduct real estate taxes imposed on you. Where can i get a 2012 tax form You must have paid them either at settlement or closing, or to a taxing authority (either directly or through an escrow account) during the year. Where can i get a 2012 tax form If you own a cooperative apartment, see Special Rules for Cooperatives , later. Where can i get a 2012 tax form Where to deduct real estate taxes. Where can i get a 2012 tax form   Enter the amount of your deductible real estate taxes on Schedule A (Form 1040), line 6. Where can i get a 2012 tax form Real estate taxes paid at settlement or closing. Where can i get a 2012 tax form   Real estate taxes are generally divided so that you and the seller each pay taxes for the part of the property tax year you owned the home. Where can i get a 2012 tax form Your share of these taxes is fully deductible if you itemize your deductions. Where can i get a 2012 tax form Division of real estate taxes. Where can i get a 2012 tax form   For federal income tax purposes, the seller is treated as paying the property taxes up to, but not including, the date of sale. Where can i get a 2012 tax form You (the buyer) are treated as paying the taxes beginning with the date of sale. Where can i get a 2012 tax form This applies regardless of the lien dates under local law. Where can i get a 2012 tax form Generally, this information is included on the settlement statement you get at closing. Where can i get a 2012 tax form   You and the seller each are considered to have paid your own share of the taxes, even if one or the other paid the entire amount. Where can i get a 2012 tax form You each can deduct your own share, if you itemize deductions, for the year the property is sold. Where can i get a 2012 tax form Example. Where can i get a 2012 tax form You bought your home on September 1. Where can i get a 2012 tax form The property tax year (the period to which the tax relates) in your area is the calendar year. Where can i get a 2012 tax form The tax for the year was $730 and was due and paid by the seller on August 15. Where can i get a 2012 tax form You owned your new home during the property tax year for 122 days (September 1 to December 31, including your date of purchase). Where can i get a 2012 tax form You figure your deduction for real estate taxes on your home as follows. Where can i get a 2012 tax form 1. Where can i get a 2012 tax form Enter the total real estate taxes for the real property tax year $730 2. Where can i get a 2012 tax form Enter the number of days in the property tax year that you owned the property 122 3. Where can i get a 2012 tax form Divide line 2 by 365 . Where can i get a 2012 tax form 3342 4. Where can i get a 2012 tax form Multiply line 1 by line 3. Where can i get a 2012 tax form This is your deduction. Where can i get a 2012 tax form Enter it on Schedule A (Form 1040), line 6 $244   You can deduct $244 on your return for the year if you itemize your deductions. Where can i get a 2012 tax form You are considered to have paid this amount and can deduct it on your return even if, under the contract, you did not have to reimburse the seller. Where can i get a 2012 tax form Delinquent taxes. Where can i get a 2012 tax form   Delinquent taxes are unpaid taxes that were imposed on the seller for an earlier tax year. Where can i get a 2012 tax form If you agree to pay delinquent taxes when you buy your home, you cannot deduct them. Where can i get a 2012 tax form You treat them as part of the cost of your home. Where can i get a 2012 tax form See Real estate taxes , later, under Basis. Where can i get a 2012 tax form Escrow accounts. Where can i get a 2012 tax form   Many monthly house payments include an amount placed in escrow (put in the care of a third party) for real estate taxes. Where can i get a 2012 tax form You may not be able to deduct the total you pay into the escrow account. Where can i get a 2012 tax form You can deduct only the real estate taxes that the lender actually paid from escrow to the taxing authority. Where can i get a 2012 tax form Your real estate tax bill will show this amount. Where can i get a 2012 tax form Refund or rebate of real estate taxes. Where can i get a 2012 tax form   If you receive a refund or rebate of real estate taxes this year for amounts you paid this year, you must reduce your real estate tax deduction by the amount refunded to you. Where can i get a 2012 tax form If the refund or rebate was for real estate taxes paid for a prior year, you may have to include some or all of the refund in your income. Where can i get a 2012 tax form For more information, see Recoveries in Publication 525, Taxable and Nontaxable Income. Where can i get a 2012 tax form Items You Cannot Deduct as Real Estate Taxes The following items are not deductible as real estate taxes. Where can i get a 2012 tax form Charges for services. Where can i get a 2012 tax form   An itemized charge for services to specific property or people is not a tax, even if the charge is paid to the taxing authority. Where can i get a 2012 tax form You cannot deduct the charge as a real estate tax if it is: A unit fee for the delivery of a service (such as a $5 fee charged for every 1,000 gallons of water you use), A periodic charge for a residential service (such as a $20 per month or $240 annual fee charged for trash collection), or A flat fee charged for a single service provided by your local government (such as a $30 charge for mowing your lawn because it had grown higher than permitted under a local ordinance). Where can i get a 2012 tax form    You must look at your real estate tax bill to decide if any nondeductible itemized charges, such as those listed above, are included in the bill. Where can i get a 2012 tax form If your taxing authority (or lender) does not furnish you a copy of your real estate tax bill, ask for it. Where can i get a 2012 tax form Contact the taxing authority if you need additional information about a specific charge on your real estate tax bill. Where can i get a 2012 tax form Assessments for local benefits. Where can i get a 2012 tax form   You cannot deduct amounts you pay for local benefits that tend to increase the value of your property. Where can i get a 2012 tax form Local benefits include the construction of streets, sidewalks, or water and sewer systems. Where can i get a 2012 tax form You must add these amounts to the basis of your property. Where can i get a 2012 tax form   You can, however, deduct assessments (or taxes) for local benefits if they are for maintenance, repair, or interest charges related to those benefits. Where can i get a 2012 tax form An example is a charge to repair an existing sidewalk and any interest included in that charge. Where can i get a 2012 tax form   If only a part of the assessment is for maintenance, repair, or interest charges, you must be able to show the amount of that part to claim the deduction. Where can i get a 2012 tax form If you cannot show what part of the assessment is for maintenance, repair, or interest charges, you cannot deduct any of it. Where can i get a 2012 tax form   An assessment for a local benefit may be listed as an item in your real estate tax bill. Where can i get a 2012 tax form If so, use the rules in this section to find how much of it, if any, you can deduct. Where can i get a 2012 tax form Transfer taxes (or stamp taxes). Where can i get a 2012 tax form   You cannot deduct transfer taxes and similar taxes and charges on the sale of a personal home. Where can i get a 2012 tax form If you are the buyer and you pay them, include them in the cost basis of the property. Where can i get a 2012 tax form If you are the seller and you pay them, they are expenses of the sale and reduce the amount realized on the sale. Where can i get a 2012 tax form Homeowners association assessments. Where can i get a 2012 tax form   You cannot deduct these assessments because the homeowners association, rather than a state or local government, imposes them. Where can i get a 2012 tax form Special Rules for Cooperatives If you own a cooperative apartment, some special rules apply to you, though you generally receive the same tax treatment as other homeowners. Where can i get a 2012 tax form As an owner of a cooperative apartment, you own shares of stock in a corporation that owns or leases housing facilities. Where can i get a 2012 tax form You can deduct your share of the corporation's deductible real estate taxes if the cooperative housing corporation meets the following conditions: The corporation has only one class of stock outstanding, Each stockholder, solely because of ownership of the stock, can live in a house, apartment, or house trailer owned or leased by the corporation, No stockholder can receive any distribution out of capital, except on a partial or complete liquidation of the corporation, and At least one of the following: At least 80% of the corporation's gross income for the tax year was paid by the tenant-stockholders. Where can i get a 2012 tax form For this purpose, gross income means all income received during the entire tax year, including any received before the corporation changed to cooperative ownership. Where can i get a 2012 tax form At least 80% of the total square footage of the corporation's property must be available for use by the tenant-stockholders during the entire tax year. Where can i get a 2012 tax form At least 90% of the expenditures paid or incurred by the corporation were used for the acquisition, construction, management, maintenance, or care of the property for the benefit of the tenant-shareholders during the entire tax year. Where can i get a 2012 tax form Tenant-stockholders. Where can i get a 2012 tax form   A tenant-stockholder can be any entity (such as a corporation, trust, estate, partnership, or association) as well as an individual. Where can i get a 2012 tax form The tenant-stockholder does not have to live in any of the cooperative's dwelling units. Where can i get a 2012 tax form The units that the tenant-stockholder has the right to occupy can be rented to others. Where can i get a 2012 tax form Deductible taxes. Where can i get a 2012 tax form   You figure your share of real estate taxes in the following way. Where can i get a 2012 tax form Divide the number of your shares of stock by the total number of shares outstanding, including any shares held by the corporation. Where can i get a 2012 tax form Multiply the corporation's deductible real estate taxes by the number you figured in (1). Where can i get a 2012 tax form This is your share of the real estate taxes. Where can i get a 2012 tax form   Generally, the corporation will tell you your share of its real estate tax. Where can i get a 2012 tax form This is the amount you can deduct if it reasonably reflects the cost of real estate taxes for your dwelling unit. Where can i get a 2012 tax form Refund of real estate taxes. Where can i get a 2012 tax form   If the corporation receives a refund of real estate taxes it paid in an earlier year, it must reduce the amount of real estate taxes paid this year when it allocates the tax expense to you. Where can i get a 2012 tax form Your deduction for real estate taxes the corporation paid this year is reduced by your share of the refund the corporation received. Where can i get a 2012 tax form Sales Taxes Generally, you can elect to deduct state and local general sales taxes instead of state and local income taxes as an itemized deduction on Schedule A (Form 1040). Where can i get a 2012 tax form Deductible sales taxes may include sales taxes paid on your home (including mobile and prefabricated), or home building materials if the tax rate was the same as the general sales tax rate. Where can i get a 2012 tax form For information on figuring your deduction, see the Instructions for Schedule A (Form 1040). Where can i get a 2012 tax form If you elect to deduct the sales taxes paid on your home, or home building materials, you cannot include them as part of your cost basis in the home. Where can i get a 2012 tax form Home Mortgage Interest This section of the publication gives you basic information about home mortgage interest, including information on interest paid at settlement, points, and Form 1098, Mortgage Interest Statement. Where can i get a 2012 tax form Most home buyers take out a mortgage (loan) to buy their home. Where can i get a 2012 tax form They then make monthly payments to either the mortgage holder or someone collecting the payments for the mortgage holder. Where can i get a 2012 tax form Usually, you can deduct the entire part of your payment that is for mortgage interest, if you itemize your deductions on Schedule A (Form 1040). Where can i get a 2012 tax form However, your deduction may be limited if: Your total mortgage balance is more than $1 million ($500,000 if married filing separately), or You took out a mortgage for reasons other than to buy, build, or improve your home. Where can i get a 2012 tax form If either of these situations applies to you, see Publication 936 for more information. Where can i get a 2012 tax form Also see Publication 936 if you later refinance your mortgage or buy a second home. Where can i get a 2012 tax form Refund of home mortgage interest. Where can i get a 2012 tax form   If you receive a refund of home mortgage interest that you deducted in an earlier year and that reduced your tax, you generally must include the refund in income in the year you receive it. Where can i get a 2012 tax form For more information, see Recoveries in Publication 525. Where can i get a 2012 tax form The amount of the refund will usually be shown on the mortgage interest statement you receive from your mortgage lender. Where can i get a 2012 tax form See Mortgage Interest Statement , later. Where can i get a 2012 tax form Deductible Mortgage Interest To be deductible, the interest you pay must be on a loan secured by your main home or a second home. Where can i get a 2012 tax form The loan can be a first or second mortgage, a home improvement loan, or a home equity loan. Where can i get a 2012 tax form Prepaid interest. Where can i get a 2012 tax form   If you pay interest in advance for a period that goes beyond the end of the tax year, you must spread this interest over the tax years to which it applies. Where can i get a 2012 tax form Generally, you can deduct in each year only the interest that qualifies as home mortgage interest for that year. Where can i get a 2012 tax form An exception (discussed later) applies to points. Where can i get a 2012 tax form Late payment charge on mortgage payment. Where can i get a 2012 tax form   You can deduct as home mortgage interest a late payment charge if it was not for a specific service in connection with your mortgage loan. Where can i get a 2012 tax form Mortgage prepayment penalty. Where can i get a 2012 tax form   If you pay off your home mortgage early, you may have to pay a penalty. Where can i get a 2012 tax form You can deduct that penalty as home mortgage interest provided the penalty is not for a specific service performed or cost incurred in connection with your mortgage loan. Where can i get a 2012 tax form Ground rent. Where can i get a 2012 tax form   In some states (such as Maryland), you may buy your home subject to a ground rent. Where can i get a 2012 tax form A ground rent is an obligation you assume to pay a fixed amount per year on the property. Where can i get a 2012 tax form Under this arrangement, you are leasing (rather than buying) the land on which your home is located. Where can i get a 2012 tax form Redeemable ground rents. Where can i get a 2012 tax form   If you make annual or periodic rental payments on a redeemable ground rent, you can deduct the payments as mortgage interest. Where can i get a 2012 tax form The ground rent is a redeemable ground rent only if all of the following are true. Where can i get a 2012 tax form Your lease, including renewal periods, is for more than 15 years. Where can i get a 2012 tax form You can freely assign the lease. Where can i get a 2012 tax form You have a present or future right (under state or local law) to end the lease and buy the lessor's entire interest in the land by paying a specified amount. Where can i get a 2012 tax form The lessor's interest in the land is primarily a security interest to protect the rental payments to which he or she is entitled. Where can i get a 2012 tax form   Payments made to end the lease and buy the lessor's entire interest in the land are not redeemable ground rents. Where can i get a 2012 tax form You cannot deduct them. Where can i get a 2012 tax form Nonredeemable ground rents. Where can i get a 2012 tax form   Payments on a nonredeemable ground rent are not mortgage interest. Where can i get a 2012 tax form You can deduct them as rent only if they are a business expense or if they are for rental property. Where can i get a 2012 tax form Cooperative apartment. Where can i get a 2012 tax form   You can usually treat the interest on a loan you took out to buy stock in a cooperative housing corporation as home mortgage interest if you own a cooperative apartment, and the cooperative housing corporation meets the conditions described earlier under Special Rules for Cooperatives . Where can i get a 2012 tax form In addition, you can treat as home mortgage interest your share of the corporation's deductible mortgage interest. Where can i get a 2012 tax form Figure your share of mortgage interest the same way that is shown for figuring your share of real estate taxes in the Example under Division of real estate taxes, earlier. Where can i get a 2012 tax form For more information on cooperatives, see Special Rule for Tenant-Stockholders in Cooperative Housing Corporations in Publication 936. Where can i get a 2012 tax form Refund of cooperative's mortgage interest. Where can i get a 2012 tax form   You must reduce your mortgage interest deduction by your share of any cash portion of a patronage dividend that the cooperative receives. Where can i get a 2012 tax form The patronage dividend is a partial refund to the cooperative housing corporation of mortgage interest it paid in a prior year. Where can i get a 2012 tax form   If you receive a Form 1098 from the cooperative housing corporation, the form should show only the amount you can deduct. Where can i get a 2012 tax form Mortgage Interest Paid at Settlement One item that normally appears on a settlement or closing statement is home mortgage interest. Where can i get a 2012 tax form You can deduct the interest that you pay at settlement if you itemize your deductions on Schedule A (Form 1040). Where can i get a 2012 tax form This amount should be included in the mortgage interest statement provided by your lender. Where can i get a 2012 tax form See the discussion under Mortgage Interest Statement , later. Where can i get a 2012 tax form Also, if you pay interest in advance, see Prepaid interest , earlier, and Points , next. Where can i get a 2012 tax form Points The term “points” is used to describe certain charges paid, or treated as paid, by a borrower to obtain a home mortgage. Where can i get a 2012 tax form Points also may be called loan origination fees, maximum loan charges, loan discount, or discount points. Where can i get a 2012 tax form A borrower is treated as paying any points that a home seller pays for the borrower's mortgage. Where can i get a 2012 tax form See Points paid by the seller , later. Where can i get a 2012 tax form General rule. Where can i get a 2012 tax form   You cannot deduct the full amount of points in the year paid. Where can i get a 2012 tax form They are prepaid interest, so you generally must deduct them over the life (term) of the mortgage. Where can i get a 2012 tax form Exception. Where can i get a 2012 tax form   You can deduct the full amount of points in the year paid if you meet all the following tests. Where can i get a 2012 tax form Your loan is secured by your main home. Where can i get a 2012 tax form (Generally, your main home is the one you live in most of the time. Where can i get a 2012 tax form ) Paying points is an established business practice in the area where the loan was made. Where can i get a 2012 tax form The points paid were not more than the points generally charged in that area. Where can i get a 2012 tax form You use the cash method of accounting. Where can i get a 2012 tax form This means you report income in the year you receive it and deduct expenses in the year you pay them. Where can i get a 2012 tax form Most individuals use this method. Where can i get a 2012 tax form The points were not paid in place of amounts that ordinarily are stated separately on the settlement statement, such as appraisal fees, inspection fees, title fees, attorney fees, and property taxes. Where can i get a 2012 tax form The funds you provided at or before closing, plus any points the seller paid, were at least as much as the points charged. Where can i get a 2012 tax form The funds you provided are not required to have been applied to the points. Where can i get a 2012 tax form They can include a down payment, an escrow deposit, earnest money, and other funds you paid at or before closing for any purpose. Where can i get a 2012 tax form You cannot have borrowed these funds. Where can i get a 2012 tax form You use your loan to buy or build your main home. Where can i get a 2012 tax form The points were computed as a percentage of the principal amount of the mortgage. Where can i get a 2012 tax form The amount is clearly shown on the settlement statement (such as the Uniform Settlement Statement, Form HUD-1) as points charged for the mortgage. Where can i get a 2012 tax form The points may be shown as paid from either your funds or the seller's. Where can i get a 2012 tax form Note. Where can i get a 2012 tax form If you meet all of the tests listed above and you itemize your deductions in the year you get the loan, you can either deduct the full amount of points in the year paid or deduct them over the life of the loan, beginning in the year you get the loan. Where can i get a 2012 tax form If you do not itemize your deductions in the year you get the loan, you can spread the points over the life of the loan and deduct the appropriate amount in each future year, if any, when you do itemize your deductions. Where can i get a 2012 tax form Home improvement loan. Where can i get a 2012 tax form   You can also fully deduct in the year paid points paid on a loan to improve your main home, if you meet the first six tests listed earlier. Where can i get a 2012 tax form Refinanced loan. Where can i get a 2012 tax form   If you use part of the refinanced mortgage proceeds to improve your main home and you meet the first six tests listed earlier, you can fully deduct the part of the points related to the improvement in the year you paid them with your own funds. Where can i get a 2012 tax form You can deduct the rest of the points over the life of the loan. Where can i get a 2012 tax form Points not fully deductible in year paid. Where can i get a 2012 tax form    If you do not qualify under the exception to deduct the full amount of points in the year paid (or choose not to do so), see Points in Publication 936 for the rules on when and how much you can deduct. Where can i get a 2012 tax form Figure A. Where can i get a 2012 tax form   You can use Figure A, next, as a quick guide to see whether your points are fully deductible in the year paid. Where can i get a 2012 tax form    Please click here for the text description of the image. Where can i get a 2012 tax form Figure A. Where can i get a 2012 tax form Are my points fully deductible this year? Amounts charged for services. Where can i get a 2012 tax form   Amounts charged by the lender for specific services connected to the loan are not interest. Where can i get a 2012 tax form Examples of these charges are: Appraisal fees, Notary fees, and Preparation costs for the mortgage note or deed of trust. Where can i get a 2012 tax form You cannot deduct these amounts as points either in the year paid or over the life of the mortgage. Where can i get a 2012 tax form For information about the tax treatment of these amounts and other settlement fees and closing costs, see Basis , later. Where can i get a 2012 tax form Points paid by the seller. Where can i get a 2012 tax form   The term “points” includes loan placement fees that the seller pays to the lender to arrange financing for the buyer. Where can i get a 2012 tax form Treatment by seller. Where can i get a 2012 tax form   The seller cannot deduct these fees as interest. Where can i get a 2012 tax form However, they are a selling expense that reduces the seller's amount realized. Where can i get a 2012 tax form See Publication 523 for more information. Where can i get a 2012 tax form Treatment by buyer. Where can i get a 2012 tax form   The buyer treats seller-paid points as if he or she had paid them. Where can i get a 2012 tax form If all the tests listed earlier under Exception are met, the buyer can deduct the points in the year paid. Where can i get a 2012 tax form If any of those tests are not met, the buyer must deduct the points over the life of the loan. Where can i get a 2012 tax form   The buyer must also reduce the basis of the home by the amount of the seller-paid points. Where can i get a 2012 tax form For more information about the basis of your home, see Basis , later. Where can i get a 2012 tax form Funds provided are less than points. Where can i get a 2012 tax form   If you meet all the tests listed earlier under Exception except that the funds you provided were less than the points charged to you (test 6), you can deduct the points in the year paid up to the amount of funds you provided. Where can i get a 2012 tax form In addition, you can deduct any points paid by the seller. Where can i get a 2012 tax form Example 1. Where can i get a 2012 tax form When you took out a $100,000 mortgage loan to buy your home in December, you were charged one point ($1,000). Where can i get a 2012 tax form You meet all the tests for deducting points in the year paid (see Exception , earlier), except the only funds you provided were a $750 down payment. Where can i get a 2012 tax form Of the $1,000 you were charged for points, you can deduct $750 in the year paid. Where can i get a 2012 tax form You spread the remaining $250 over the life of the mortgage. Where can i get a 2012 tax form Example 2. Where can i get a 2012 tax form The facts are the same as in Example 1 , except that the person who sold you your home also paid one point ($1,000) to help you get your mortgage. Where can i get a 2012 tax form In the year paid, you can deduct $1,750 ($750 of the amount you were charged plus the $1,000 paid by the seller). Where can i get a 2012 tax form You spread the remaining $250 over the life of the mortgage. Where can i get a 2012 tax form You must reduce the basis of your home by the $1,000 paid by the seller. Where can i get a 2012 tax form Excess points. Where can i get a 2012 tax form   If you meet all the tests under Exception , earlier, except that the points paid were more than are generally charged in your area (test 3), you can deduct in the year paid only the points that are generally charged. Where can i get a 2012 tax form You must spread any additional points over the life of the mortgage. Where can i get a 2012 tax form Mortgage ending early. Where can i get a 2012 tax form   If you spread your deduction for points over the life of the mortgage, you can deduct any remaining balance in the year the mortgage ends. Where can i get a 2012 tax form A mortgage may end early due to a prepayment, refinancing, foreclosure, or similar event. Where can i get a 2012 tax form Example. Where can i get a 2012 tax form Dan paid $3,000 in points in 2006 that he had to spread out over the 15-year life of the mortgage. Where can i get a 2012 tax form He had deducted $1,400 of these points through 2012. Where can i get a 2012 tax form Dan prepaid his mortgage in full in 2013. Where can i get a 2012 tax form He can deduct the remaining $1,600 of points in 2013. Where can i get a 2012 tax form Exception. Where can i get a 2012 tax form   If you refinance the mortgage with the same lender, you cannot deduct any remaining points for the year. Where can i get a 2012 tax form Instead, deduct them over the term of the new loan. Where can i get a 2012 tax form Form 1098. Where can i get a 2012 tax form   The mortgage interest statement you receive should show not only the total interest paid during the year, but also your deductible points paid during the year. Where can i get a 2012 tax form See Mortgage Interest Statement , later. Where can i get a 2012 tax form Where To Deduct Home Mortgage Interest Enter on Schedule A (Form 1040), line 10, the home mortgage interest and points reported to you on Form 1098 (discussed next). Where can i get a 2012 tax form If you did not receive a Form 1098, enter your deductible interest on line 11, and any deductible points on line 12. Where can i get a 2012 tax form See Table 1 below for a summary of where to deduct home mortgage interest and real estate taxes. Where can i get a 2012 tax form If you paid home mortgage interest to the person from whom you bought your home, show that person's name, address, and social security number (SSN) or employer identification number (EIN) on the dotted lines next to line 11. Where can i get a 2012 tax form The seller must give you this number and you must give the seller your SSN. Where can i get a 2012 tax form Form W-9, Request for Taxpayer Identification Number and Certification, can be used for this purpose. Where can i get a 2012 tax form Failure to meet either of these requirements may result in a $50 penalty for each failure. Where can i get a 2012 tax form Table 1. Where can i get a 2012 tax form Where To Deduct Interest and Taxes Paid on Your Home See the text for information on what expenses are eligible. Where can i get a 2012 tax form IF you are eligible to deduct . Where can i get a 2012 tax form . Where can i get a 2012 tax form . Where can i get a 2012 tax form THEN report the amount  on Schedule A (Form 1040) . Where can i get a 2012 tax form . Where can i get a 2012 tax form . Where can i get a 2012 tax form real estate taxes line 6. Where can i get a 2012 tax form home mortgage interest and points reported on Form 1098 line 10. Where can i get a 2012 tax form home mortgage interest not reported on  Form 1098 line 11. Where can i get a 2012 tax form points not reported on Form 1098 line 12. Where can i get a 2012 tax form qualified mortgage insurance premiums line 13. Where can i get a 2012 tax form Mortgage Interest Statement If you paid $600 or more of mortgage interest (including certain points and mortgage insurance premiums) during the year on any one mortgage to a mortgage holder in the course of that holder's trade or business, you should receive a Form 1098 or similar statement from the mortgage holder. Where can i get a 2012 tax form The statement will show the total interest paid on your mortgage during the year. Where can i get a 2012 tax form If you bought a main home during the year, it also will show the deductible points you paid and any points you can deduct that were paid by the person who sold you your home. Where can i get a 2012 tax form See Points , earlier. Where can i get a 2012 tax form The interest you paid at settlement should be included on the statement. Where can i get a 2012 tax form If it is not, add the interest from the settlement sheet that qualifies as home mortgage interest to the total shown on Form 1098 or similar statement. Where can i get a 2012 tax form Put the total on Schedule A (Form 1040), line 10, and attach a statement to your return explaining the difference. Where can i get a 2012 tax form Write “See attached” to the right of line 10. Where can i get a 2012 tax form A mortgage holder can be a financial institution, a governmental unit, or a cooperative housing corporation. Where can i get a 2012 tax form If a statement comes from a cooperative housing corporation, it generally will show your share of interest. Where can i get a 2012 tax form Your mortgage interest statement for 2013 should be provided or sent to you by January 31, 2014. Where can i get a 2012 tax form If it is mailed, you should allow adequate time to receive it before contacting the mortgage holder. Where can i get a 2012 tax form A copy of this form will be sent to the IRS also. Where can i get a 2012 tax form Example. Where can i get a 2012 tax form You bought a new home on May 3. Where can i get a 2012 tax form You paid no points on the purchase. Where can i get a 2012 tax form During the year, you made mortgage payments which included $4,480 deductible interest on your new home. Where can i get a 2012 tax form The settlement sheet for the purchase of the home included interest of $620 for 29 days in May. Where can i get a 2012 tax form The mortgage statement you receive from the lender includes total interest of $5,100 ($4,480 + $620). Where can i get a 2012 tax form You can deduct the $5,100 if you itemize your deductions. Where can i get a 2012 tax form Refund of overpaid interest. Where can i get a 2012 tax form   If you receive a refund of mortgage interest you overpaid in a prior year, you generally will receive a Form 1098 showing the refund in box 3. Where can i get a 2012 tax form Generally, you must include the refund in income in the year you receive it. Where can i get a 2012 tax form See Refund of home mortgage interest , earlier, under Home Mortgage Interest. Where can i get a 2012 tax form More than one borrower. Where can i get a 2012 tax form   If you and at least one other person (other than your spouse if you file a joint return) were liable for and paid interest on a mortgage that was for your home, and the other person received a Form 1098 showing the interest that was paid during the year, attach a statement to your return explaining this. Where can i get a 2012 tax form Show how much of the interest each of you paid, and give the name and address of the person who received the form. Where can i get a 2012 tax form Deduct your share of the interest on Schedule A (Form 1040), line 11, and write “See attached” to the right of that line. Where can i get a 2012 tax form Mortgage Insurance Premiums You may be able to take an itemized deduction on Schedule A (Form 1040), line 13, for premiums you pay or accrue during 2013 for qualified mortgage insurance in connection with home acquisition debt on your qualified home. Where can i get a 2012 tax form Mortgage insurance premiums you paid or accrued on any mortgage insurance contract issued before January 1, 2007, are not deductible as an itemized deduction. Where can i get a 2012 tax form Qualified Mortgage Insurance Qualified mortgage insurance is mortgage insurance provided by the Veterans Administration, the Federal Housing Administration, or the Rural Housing Administration, and private mortgage insurance (as defined in section 2 of the Homeowners Protection Act of 1998 as in effect on December 20, 2006). Where can i get a 2012 tax form Prepaid mortgage insurance premiums. Where can i get a 2012 tax form   If you paid premiums that are allocable to periods after 2013, you must allocate them over the shorter of: The stated term of the mortgage, or 84 months, beginning with the month the insurance was obtained. Where can i get a 2012 tax form The premiums are treated as paid in the year to which they were allocated. Where can i get a 2012 tax form If the mortgage is satisfied before its term, no deduction is allowed for the unamortized balance. Where can i get a 2012 tax form See Publication 936 for details. Where can i get a 2012 tax form Exception for certain mortgage insurance. Where can i get a 2012 tax form   The allocation rules, explained above, do not apply to qualified mortgage insurance provided by the Department of Veterans Affairs or Rural Housing Service. Where can i get a 2012 tax form Home Acquisition Debt Home acquisition debt is a mortgage you took out after October 13, 1987, to buy, build, or substantially improve a qualified home. Where can i get a 2012 tax form It also must be secured by that home. Where can i get a 2012 tax form If the amount of your mortgage is more than the cost of the home plus the cost of any substantial improvements, only the debt that is not more than the cost of the home plus improvements qualifies as home acquisition debt. Where can i get a 2012 tax form Home acquisition debt limit. Where can i get a 2012 tax form   The total amount you can treat as home acquisition debt at any time on your home cannot be more than $1 million ($500,000 if married filing separately). Where can i get a 2012 tax form Discharges of qualified principal residence indebtedness. Where can i get a 2012 tax form   You can exclude from gross income any discharges of qualified principal residence indebtedness made after 2006 and before 2014. Where can i get a 2012 tax form You must reduce the basis of your principal residence (but not below zero) by the amount you exclude. Where can i get a 2012 tax form Principal residence. Where can i get a 2012 tax form   Your principal residence is the home where you ordinarily live most of the time. Where can i get a 2012 tax form You can have only one principal residence at any one time. Where can i get a 2012 tax form Qualified principal residence indebtedness. Where can i get a 2012 tax form   This is a mortgage that you took out to buy, build, or substantially improve your principal residence and that is secured by that residence. Where can i get a 2012 tax form If the amount of your original mortgage is more than the cost of your principal residence plus the cost of substantial improvements, qualified principal residence indebtedness cannot be more than the cost of your principal residence plus improvements. Where can i get a 2012 tax form   Any debt secured by your principal residence that you use to refinance qualified principal residence indebtedness is qualified principal residence indebtedness up to the amount of your old mortgage principal just before the refinancing. Where can i get a 2012 tax form Additional debt incurred to substantially improve your principal residence is also qualified principal residence indebtedness. Where can i get a 2012 tax form Amount you can exclude. Where can i get a 2012 tax form   You can only exclude debt discharged after 2006 and before 2014. Where can i get a 2012 tax form The most you can exclude is $2 million ($1 million if married filing separately). Where can i get a 2012 tax form You cannot exclude any amount that was discharged because of services performed for the lender or on account of any other factor not directly related either to a decline in the value of your residence or to your financial condition. Where can i get a 2012 tax form Ordering rule. Where can i get a 2012 tax form   If only a part of a loan is qualified principal residence indebtedness, you can exclude only the amount of the discharge that is more than the amount of the loan (immediately before the discharge) that is not qualified principal residence indebtedness. Where can i get a 2012 tax form Qualified Home This means your main home or your second home. Where can i get a 2012 tax form A home includes a house, condominium, cooperative, mobile home, house trailer, boat, or similar property that has sleeping, cooking, and toilet facilities. Where can i get a 2012 tax form Main home. Where can i get a 2012 tax form   You can have only one main home at any one time. Where can i get a 2012 tax form This is the home where you ordinarily live most of the time. Where can i get a 2012 tax form Second home and other special situations. Where can i get a 2012 tax form   If you have a second home, use part of your home for other than residential living (such as a home office), rent out part of your home, or are having your home constructed, see Qualified Home in Publication 936. Where can i get a 2012 tax form Limit on Deduction If your adjusted gross income (AGI) on Form 1040, line 38, is more than $100,000 ($50,000 if your filing status is married filing separately), the amount of your mortgage insurance premiums that are deductible is reduced and may be eliminated. Where can i get a 2012 tax form See Line 13 in the instructions for Schedule A (Form 1040) and complete the Mortgage Insurance Premiums Deduction Worksheet to figure the amount you can deduct. Where can i get a 2012 tax form If your AGI is more than $109,000 ($54,500 if married filing separately), you cannot deduct your mortgage insurance premiums. Where can i get a 2012 tax form Form 1098. Where can i get a 2012 tax form   The amount of mortgage insurance premiums you paid during 2013 should be reported in box 4. Where can i get a 2012 tax form See Form 1098, Mortgage Interest Statement in Publication 936. Where can i get a 2012 tax form Mortgage Interest Credit The mortgage interest credit is intended to help lower-income individuals afford home ownership. Where can i get a 2012 tax form If you qualify, you can claim the credit on Form 8396 each year for part of the home mortgage interest you pay. Where can i get a 2012 tax form Who qualifies. Where can i get a 2012 tax form   You may be eligible for the credit if you were issued a qualified Mortgage Credit Certificate (MCC) from your state or local government. Where can i get a 2012 tax form Generally, an MCC is issued only in connection with a new mortgage for the purchase of your main home. Where can i get a 2012 tax form The MCC will show the certificate credit rate you will use to figure your credit. Where can i get a 2012 tax form It also will show the certified indebtedness amount. Where can i get a 2012 tax form Only the interest on that amount qualifies for the credit. Where can i get a 2012 tax form See Figuring the Credit , later. Where can i get a 2012 tax form You must contact the appropriate government agency about getting an MCC before you get a mortgage and buy your home. Where can i get a 2012 tax form Contact your state or local housing finance agency for information about the availability of MCCs in your area. Where can i get a 2012 tax form How to claim the credit. Where can i get a 2012 tax form   To claim the credit, complete Form 8396 and attach it to your Form 1040 or Form 1040NR, U. Where can i get a 2012 tax form S. Where can i get a 2012 tax form Nonresident Alien Income Tax Return. Where can i get a 2012 tax form Include the credit in your total for Form 1040, line 53, or Form 1040NR, line 50; be sure to check box c and write “Form 8396” on that line. Where can i get a 2012 tax form Reducing your home mortgage interest deduction. Where can i get a 2012 tax form   If you itemize your deductions on Schedule A (Form 1040), you must reduce your home mortgage interest deduction by the amount of the mortgage interest credit shown on Form 8396, line 3. Where can i get a 2012 tax form You must do this even if part of that amount is to be carried forward to 2014. Where can i get a 2012 tax form Selling your home. Where can i get a 2012 tax form   If you purchase a home after 1990 using an MCC, and you sell that home within 9 years, you may have to recapture (repay) all or part of the benefit you received from the MCC program. Where can i get a 2012 tax form For additional information, see Recapturing (Paying Back) a Federal Mortgage Subsidy, in Publication 523. Where can i get a 2012 tax form Figuring the Credit Figure your credit on Form 8396. Where can i get a 2012 tax form Mortgage not more than certified indebtedness. Where can i get a 2012 tax form   If your mortgage loan amount is equal to (or smaller than) the certified indebtedness amount shown on your MCC, enter on Form 8396, line 1, all the interest you paid on your mortgage during the year. Where can i get a 2012 tax form Mortgage more than certified indebtedness. Where can i get a 2012 tax form   If your mortgage loan amount is larger than the certified indebtedness amount shown on your MCC, you can figure the credit on only part of the interest you paid. Where can i get a 2012 tax form To find the amount to enter on line 1, multiply the total interest you paid during the year on your mortgage by the following fraction. Where can i get a 2012 tax form Certified indebtedness amount on your MCC Original amount of your mortgage   The fraction will not change as long as you are entitled to take the mortgage interest credit. Where can i get a 2012 tax form Example. Where can i get a 2012 tax form Emily bought a home this year. Where can i get a 2012 tax form Her mortgage loan is $125,000. Where can i get a 2012 tax form The certified indebtedness amount on her MCC is $100,000. Where can i get a 2012 tax form She paid $7,500 interest this year. Where can i get a 2012 tax form Emily figures the interest to enter on Form 8396, line 1, as follows:   $100,000 = 80% (. Where can i get a 2012 tax form 80)       $125,000       $7,500 x . Where can i get a 2012 tax form 80 = $6,000   Emily enters $6,000 on Form 8396, line 1. Where can i get a 2012 tax form In each later year, she will figure her credit using only 80% of the interest she pays for that year. Where can i get a 2012 tax form Limits Two limits may apply to your credit. Where can i get a 2012 tax form A limit based on the credit rate, and A limit based on your tax. Where can i get a 2012 tax form Limit based on credit rate. Where can i get a 2012 tax form   If the certificate credit rate is higher than 20%, the credit you are allowed cannot be more than $2,000. Where can i get a 2012 tax form Limit based on tax. Where can i get a 2012 tax form   After applying the limit based on the credit rate, your credit generally cannot be more than your tax liability. Where can i get a 2012 tax form See the Credit Limit Worksheet in the Form 8396 instructions to calculate the limit based on tax. Where can i get a 2012 tax form Dividing the Credit If two or more persons (other than a married couple filing a joint return) hold an interest in the home to which the MCC relates, the credit must be divided based on the interest held by each person. Where can i get a 2012 tax form Example. Where can i get a 2012 tax form John and his brother, George, were issued an MCC. Where can i get a 2012 tax form They used it to get a mortgage on their main home. Where can i get a 2012 tax form John has a 60% ownership interest in the home, and George has a 40% ownership interest in the home. Where can i get a 2012 tax form John paid $5,400 mortgage interest this year and George paid $3,600. Where can i get a 2012 tax form The MCC shows a credit rate of 25% and a certified indebtedness amount of $130,000. Where can i get a 2012 tax form The loan amount (mortgage) on their home is $120,000. Where can i get a 2012 tax form The credit is limited to $2,000 because the credit rate is more than 20%. Where can i get a 2012 tax form John figures the credit by multiplying the mortgage interest he paid this year ($5,400) by the certificate credit rate (25%) for a total of $1,350. Where can i get a 2012 tax form His credit is limited to $1,200 ($2,000 × 60%). Where can i get a 2012 tax form George figures the credit by multiplying the mortgage interest he paid this year ($3,600) by the certificate credit rate (25%) for a total of $900. Where can i get a 2012 tax form His credit is limited to $800 ($2,000 × 40%). Where can i get a 2012 tax form Carryforward If your allowable credit is reduced because of the limit based on your tax, you can carry forward the unused portion of the credit to the next 3 years or until used, whichever comes first. Where can i get a 2012 tax form Example. Where can i get a 2012 tax form You receive a mortgage credit certificate from State X. Where can i get a 2012 tax form This year, your regular tax liability is $1,100, you owe no alternative minimum tax, and your mortgage interest credit is $1,700. Where can i get a 2012 tax form You claim no other credits. Where can i get a 2012 tax form Your unused mortgage interest credit for this year is $600 ($1,700 − $1,100). Where can i get a 2012 tax form You can carry forward this amount to the next 3 years or until used, whichever comes first. Where can i get a 2012 tax form Credit rate more than 20%. Where can i get a 2012 tax form   If you are subject to the $2,000 limit because your certificate credit rate is more than 20%, you cannot carry forward any amount more than $2,000 (or your share of the $2,000 if you must divide the credit). Where can i get a 2012 tax form Example. Where can i get a 2012 tax form In the earlier example under Dividing the Credit , John and George used the entire $2,000 credit. Where can i get a 2012 tax form The excess   John $1,350 − $1,200 = $150     George $900 − $800 = $100   $150 for John ($1,350 − $1,200) and $100 for George ($900 − $800) cannot be carried forward to future years, despite the respective tax liabilities for John and George. Where can i get a 2012 tax form Refinancing If you refinance your original mortgage loan on which you had been given an MCC, you must get a new MCC to be able to claim the credit on the new loan. Where can i get a 2012 tax form The amount of credit you can claim on the new loan may change. Where can i get a 2012 tax form Table 2 below summarizes how to figure your credit if you refinance your original mortgage loan. Where can i get a 2012 tax form Table 2. Where can i get a 2012 tax form Effect of Refinancing on Your Credit IF you get a new (reissued) MCC and the amount of your new mortgage is . Where can i get a 2012 tax form . Where can i get a 2012 tax form . Where can i get a 2012 tax form THEN the interest you claim on Form 8396, line 1, is* . Where can i get a 2012 tax form . Where can i get a 2012 tax form . Where can i get a 2012 tax form smaller than or equal to the certified indebtedness amount on the new MCC all the interest paid during the year on your new mortgage. Where can i get a 2012 tax form larger than the certified indebtedness amount on the new MCC interest paid during the year on your new mortgage multiplied by the following fraction. Where can i get a 2012 tax form         certified indebtedness  amount on your new MCC       original amount of your  mortgage   *The credit using the new MCC cannot be more than the credit using the old MCC. Where can i get a 2012 tax form  See New MCC cannot increase your credit above. Where can i get a 2012 tax form An issuer may reissue an MCC after you refinance your mortgage. Where can i get a 2012 tax form If you did not get a new MCC, you may want to contact the state or local housing finance agency that issued your original MCC for information about whether you can get a reissued MCC. Where can i get a 2012 tax form Year of refinancing. Where can i get a 2012 tax form   In the year of refinancing, add the applicable amount of interest paid on the old mortgage and the applicable amount of interest paid on the new mortgage, and enter the total on Form 8396, line 1. Where can i get a 2012 tax form   If your new MCC has a credit rate different from the rate on the old MCC, you must attach a statement to Form 8396. Where can i get a 2012 tax form The statement must show the calculation for lines 1, 2, and 3 for the part of the year when the old MCC was in effect. Where can i get a 2012 tax form It must show a separate calculation for the part of the year when the new MCC was in effect. Where can i get a 2012 tax form Combine the amounts from both calculations for line 3, enter the total on line 3 of the form, and write “See attached” on the dotted line next to line 2. Where can i get a 2012 tax form New MCC cannot increase your credit. Where can i get a 2012 tax form   The credit that you claim with your new MCC cannot be more than the credit that you could have claimed with your old MCC. Where can i get a 2012 tax form   In most cases, the agency that issues your new MCC will make sure that it does not increase your credit. Where can i get a 2012 tax form However, if either your old loan or your new loan has a variable (adjustable) interest rate, you will need to check this yourself. Where can i get a 2012 tax form In that case, you will need to know the amount of the credit you could have claimed using the old MCC. Where can i get a 2012 tax form   There are two methods for figuring the credit you could have claimed. Where can i get a 2012 tax form Under one method, you figure the actual credit that would have been allowed. Where can i get a 2012 tax form This means you use the credit rate on the old MCC and the interest you would have paid on the old loan. Where can i get a 2012 tax form   If your old loan was a variable rate mortgage, you can use another method to determine the credit that you could have claimed. Where can i get a 2012 tax form Under this method, you figure the credit using a payment schedule of a hypothetical self-amortizing mortgage with level payments projected to the final maturity date of the old mortgage. Where can i get a 2012 tax form The interest rate of the hypothetical mortgage is the annual percentage rate (APR) of the new mortgage for purposes of the Federal Truth in Lending Act. Where can i get a 2012 tax form The principal of the hypothetical mortgage is the remaining outstanding balance of the certified mortgage indebtedness shown on the old MCC. Where can i get a 2012 tax form    You must choose one method and use it consistently beginning with the first tax year for which you claim the credit based on the new MCC. Where can i get a 2012 tax form    As part of your tax records, you should keep your old MCC and the schedule of payments for your old mortgage. Where can i get a 2012 tax form Basis Basis is your starting point for figuring a gain or loss if you later sell your home, or for figuring depreciation if you later use part of your home for business purposes or for rent. Where can i get a 2012 tax form While you own your home, you may add certain items to your basis. Where can i get a 2012 tax form You may subtract certain other items from your basis. Where can i get a 2012 tax form These items are called adjustments to basis and are explained later under Adjusted Basis . Where can i get a 2012 tax form It is important that you understand these terms when you first acquire your home because you must keep track of your basis and adjusted basis during the period you own your home. Where can i get a 2012 tax form You also must keep records of the events that affect basis or adjusted basis. Where can i get a 2012 tax form See Keeping Records , below. Where can i get a 2012 tax form Figuring Your Basis How you figure your basis depends on how you acquire your home. Where can i get a 2012 tax form If you buy or build your home, your cost is your basis. Where can i get a 2012 tax form If you receive your home as a gift, your basis is usually the same as the adjusted basis of the person who gave you the property. Where can i get a 2012 tax form If you inherit your home from a decedent, different rules apply depending on the date of the decedent's death. Where can i get a 2012 tax form Each of these topics is discussed later. Where can i get a 2012 tax form Property transferred from a spouse. Where can i get a 2012 tax form   If your home is transferred to you from your spouse, or from your former spouse as a result of a divorce, your basis is the same as your spouse's (or former spouse's) adjusted basis just before the transfer. Where can i get a 2012 tax form Publication 504, Divorced or Separated Individuals, fully discusses transfers between spouses. Where can i get a 2012 tax form Cost as Basis The cost of your home, whether you purchased it or constructed it, is the amount you paid for it, including any debt you assumed. Where can i get a 2012 tax form The cost of your home includes most settlement or closing costs you paid when you bought the home. Where can i get a 2012 tax form If you built your home, your cost includes most closing costs paid when you bought the land or settled on your mortgage. Where can i get a 2012 tax form See Settlement or closing costs , later. Where can i get a 2012 tax form If you elect to deduct the sales taxes on the purchase or construction of your home as an itemized deduction on Schedule A (Form 1040), you cannot include the sales taxes as part of your cost basis in the home. Where can i get a 2012 tax form Purchase. Where can i get a 2012 tax form   The basis of a home you bought is the amount you paid for it. Where can i get a 2012 tax form This usually includes your down payment and any debt you assumed. Where can i get a 2012 tax form The basis of a cooperative apartment is the amount you paid for your shares in the corporation that owns or controls the property. Where can i get a 2012 tax form This amount includes any purchase commissions or other costs of acquiring the shares. Where can i get a 2012 tax form Construction. Where can i get a 2012 tax form   If you contracted to have your home built on land that you own, your basis in the home is your basis in the land plus the amount you paid to have the home built. Where can i get a 2012 tax form This includes the cost of labor and materials, the amount you paid the contractor, any architect's fees, building permit charges, utility meter and connection charges, and legal fees that are directly connected with building your home. Where can i get a 2012 tax form If you built all or part of your home yourself, your basis is the total amount it cost you to build it. Where can i get a 2012 tax form You cannot include in basis the value of your own labor or any other labor for which you did not pay. Where can i get a 2012 tax form Real estate taxes. Where can i get a 2012 tax form   Real estate taxes are usually divided so that you and the seller each pay taxes for the part of the property tax year that each owned the home. Where can i get a 2012 tax form See the earlier discussion of Real estate taxes paid at settlement or closing , under Real Estate Taxes, earlier, to figure the real estate taxes you paid or are considered to have paid. Where can i get a 2012 tax form   If you pay any part of the seller's share of the real estate taxes (the taxes up to the date of sale), and the seller did not reimburse you, add those taxes to your basis in the home. Where can i get a 2012 tax form You cannot deduct them as taxes paid. Where can i get a 2012 tax form   If the seller paid any of your share of the real estate taxes (the taxes beginning with the date of sale), you can still deduct those taxes. Where can i get a 2012 tax form Do not include those taxes in your basis. Where can i get a 2012 tax form If you did not reimburse the seller, you must reduce your basis by the amount of those taxes. Where can i get a 2012 tax form Example 1. Where can i get a 2012 tax form You bought your home on September 1. Where can i get a 2012 tax form The property tax year in your area is the calendar year, and the tax is due on August 15. Where can i get a 2012 tax form The real estate taxes on the home you bought were $1,275 for the year and had been paid by the seller on August 15. Where can i get a 2012 tax form You did not reimburse the seller for your share of the real estate taxes from September 1 through December 31. Where can i get a 2012 tax form You must reduce the basis of your home by the $426 [(122 ÷ 365) × $1,275] the seller paid for you. Where can i get a 2012 tax form You can deduct your $426 share of real estate taxes on your return for the year you purchased your home. Where can i get a 2012 tax form Example 2. Where can i get a 2012 tax form You bought your home on May 3, 2013. Where can i get a 2012 tax form The property tax year in your area is the calendar year. Where can i get a 2012 tax form The taxes for the previous year are assessed on January 2 and are due on May 31 and November 30. Where can i get a 2012 tax form Under state law, the taxes become a lien on May 31. Where can i get a 2012 tax form You agreed to pay all taxes due after the date of sale. Where can i get a 2012 tax form The taxes due in 2013 for 2012 were $1,375. Where can i get a 2012 tax form The taxes due in 2014 for 2013 will be $1,425. Where can i get a 2012 tax form You cannot deduct any of the taxes paid in 2013 because they relate to the 2012 property tax year and you did not own the home until 2013. Where can i get a 2012 tax form Instead, you add the $1,375 to the cost (basis) of your home. Where can i get a 2012 tax form You owned the home in 2013 for 243 days (May 3 to December 31), so you can take a tax deduction on your 2014 return of $949 [(243 ÷ 365) × $1,425] paid in 2014 for 2013. Where can i get a 2012 tax form You add the remaining $476 ($1,425 − $949) of taxes paid in 2014 to the cost (basis) of your home. Where can i get a 2012 tax form Settlement or closing costs. Where can i get a 2012 tax form   If you bought your home, you probably paid settlement or closing costs in addition to the contract price. Where can i get a 2012 tax form These costs are divided between you and the seller according to the sales contract, local custom, or understanding of the parties. Where can i get a 2012 tax form If you built your home, you probably paid these costs when you bought the land or settled on your mortgage. Where can i get a 2012 tax form   The only settlement or closing costs you can deduct are home mortgage interest and certain real estate taxes. Where can i get a 2012 tax form You deduct them in the year you buy your home if you itemize your deductions. Where can i get a 2012 tax form You can add certain other settlement or closing costs to the basis of your home. Where can i get a 2012 tax form Items added to basis. Where can i get a 2012 tax form   You can include in your basis the settlement fees and closing costs you paid for buying your home. Where can i get a 2012 tax form A fee is for buying the home if you would have had to pay it even if you paid cash for the home. Where can i get a 2012 tax form   The following are some of the settlement fees and closing costs that you can include in the original basis of your home. Where can i get a 2012 tax form Abstract fees (abstract of title fees). Where can i get a 2012 tax form Charges for installing utility services. Where can i get a 2012 tax form Legal fees (including fees for the title search and preparation of the sales contract and deed). Where can i get a 2012 tax form Recording fees. Where can i get a 2012 tax form Surveys. Where can i get a 2012 tax form Transfer or stamp taxes. Where can i get a 2012 tax form Owner's title insurance. Where can i get a 2012 tax form Any amount the seller owes that you agree to pay, such as back taxes or interest, recording or mortgage fees, cost for improvements or repairs, and sales commissions. Where can i get a 2012 tax form   If the seller actually paid for any item for which you are liable and for which you can take a deduction (such as your share of the real estate taxes for the year of sale), you must reduce your basis by that amount unless you are charged for it in the settlement. Where can i get a 2012 tax form Items not added to basis and not deductible. Where can i get a 2012 tax form   Here are some settlement and closing costs that you cannot deduct or add to your basis. Where can i get a 2012 tax form Fire insurance premiums. Where can i get a 2012 tax form Charges for using utilities or other services related to occupancy of the home before closing. Where can i get a 2012 tax form Rent for occupying the home before closing. Where can i get a 2012 tax form Charges connected with getting or refinancing a mortgage loan, such as: Loan assumption fees, Cost of a credit report, and Fee for an appraisal required by a lender. Where can i get a 2012 tax form Points paid by seller. Where can i get a 2012 tax form   If you bought your home after April 3, 1994, you must reduce your basis by any points paid for your mortgage by the person who sold you your home. Where can i get a 2012 tax form   If you bought your home after 1990 but before April 4, 1994, you must reduce your basis by seller-paid points only if you deducted them. Where can i get a 2012 tax form See Points , earlier, for the rules on deducting points. Where can i get a 2012 tax form Gift To figure the basis of property you receive as a gift, you must know its adjusted basis (defined later) to the donor just before it was given to you, its fair market value (FMV) at the time it was given to you, and any gift tax paid on it. Where can i get a 2012 tax form Fair market value. Where can i get a 2012 tax form   Fair market value (FMV) is the price at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and who both have a reasonable knowledge of all the necessary facts. Where can i get a 2012 tax form Donor's adjusted basis is more than FMV. Where can i get a 2012 tax form   If someone gave you your home and the donor's adjusted basis, when it was given to you, was more than the FMV, your basis at the time of receipt is the same as the donor's adjusted basis. Where can i get a 2012 tax form Disposition basis. Where can i get a 2012 tax form   If the donor's adjusted basis at the time of the gift is more than the FMV, your basis (plus or minus any required adjustments, see Adjusted Basis , later) when you dispose of the property will depend on whether you have a gain or a loss. Where can i get a 2012 tax form Your basis for figuring a gain is the same as the donor's adjusted basis. Where can i get a 2012 tax form Your basis for figuring a loss is the FMV when you received the gift. Where can i get a 2012 tax form If you use the donor's adjusted basis to figure a gain and it results in a loss, then you must use the FMV (at the time of the gift) to refigure the loss. Where can i get a 2012 tax form However, if using the FMV results in a gain, then you neither have a gain nor a loss. Where can i get a 2012 tax form Example 1. Where can i get a 2012 tax form Andrew received a house as a gift from Ishmael (the donor). Where can i get a 2012 tax form At the time of the gift, the home had an FMV of $80,000. Where can i get a 2012 tax form Ishmael's adjusted basis was $100,000. Where can i get a 2012 tax form After he received the house, no events occurred to increase or decrease the basis. Where can i get a 2012 tax form If Andrew sells the house for $120,000, he will have a $20,000 gain because he must use the donor's adjusted basis ($100,000) at the time of the gift as his basis to figure the gain. Where can i get a 2012 tax form Example 2. Where can i get a 2012 tax form Same facts as Example 1 , except this time Andrew sells the house for $70,000. Where can i get a 2012 tax form He will have a loss of $10,000 because he must use the FMV ($80,000) at the time of the gift as his basis to figure the loss. Where can i get a 2012 tax form Example 3. Where can i get a 2012 tax form Same facts as Example 1 , except this time Andrew sells the house for $90,000. Where can i get a 2012 tax form Initially, he figures the gain using Ishmael's adjusted basis ($100,000), which results in a loss of $10,000. Where can i get a 2012 tax form Since it is a loss, Andrew must now recalculate the loss using the FMV ($80,000), which results in a gain of $10,000. Where can i get a 2012 tax form So in this situation, Andrew will neither have a gain nor a loss. Where can i get a 2012 tax form Donor's adjusted basis equal to or less than the FMV. Where can i get a 2012 tax form   If someone gave you your home after 1976 and the donor's adjusted basis, when it was given to you, was equal to or less than the FMV, your basis at the time of receipt is the same as the donor's adjusted basis, plus the part of any federal gift tax paid that is due to the net increase in value of the home. Where can i get a 2012 tax form Part of federal gift tax due to net increase in value. Where can i get a 2012 tax form   Figure the part of the federal gift tax paid that is due to the net increase in value of the home by multiplying the total federal gift tax paid by a fraction. Where can i get a 2012 tax form The numerator (top part) of the fraction is the net increase in the value of the home, and the denominator (bottom part) is the value of the home for gift tax purposes after reduction for any annual exclusion and marital or charitable deduction that applies to the gift. Where can i get a 2012 tax form The net increase in the value of the home is its FMV minus the adjusted basis of the donor. Where can i get a 2012 tax form Publication 551 gives more information, including examples, on figuring your basis when you receive property as a gift. Where can i get a 2012 tax form Inheritance Your basis in a home you inherited is generally the fair market value of the home on the date of the decedent's death or on the alternative valuation date if the personal representative for the estate chooses to use alternative valuation. Where can i get a 2012 tax form If an estate tax return was filed, your basis is generally the value of the home listed on the estate tax return. Where can i get a 2012 tax form If an estate tax return was not filed, your basis is the appraised value of the home at the decedent's date of death for state inheritance or transmission taxes. Where can i get a 2012 tax form Publication 551 and Publication 559, Survivors, Executors, and Administrators, have more information on the basis of inherited property. Where can i get a 2012 tax form If you inherited your home from someone who died in 2010, and the executor of the decedent's estate made the election to file Form 8939, Allocation of Increase in Basis for Property Acquired From a Decedent, refer to the information provided by the executor or see Publication 4895, Tax Treatment of Property Acquired From a Decedent Dying in 2010. Where can i get a 2012 tax form Adjusted Basis While you own your home, various events may take place that can change the original basis of your home. Where can i get a 2012 tax form These events can increase or decrease your original basis. Where can i get a 2012 tax form The result is called adjusted basis. Where can i get a 2012 tax form See Table 3, on this page, for a list of some of the items that can adjust your basis. Where can i get a 2012 tax form Table 3. Where can i get a 2012 tax form Adjusted Basis This table lists examples of some items that generally will increase or decrease your basis in your home. Where can i get a 2012 tax form It is not intended to be all-inclusive. Where can i get a 2012 tax form Increases to Basis Decreases to Basis Improvements: Putting an addition on your home Replacing an entire roof Paving your driveway Installing central air conditioning Rewiring your home Assessments for local improvements (see Assessments for local benefits , under What You Can and Cannot Deduct, earlier) Amounts spent to restore damaged property Insurance or other reimbursement for casualty losses Deductible casualty loss not covered by insurance Payments received for easement or right-of-way granted Depreciation allowed or allowable if home is used for business or rental purposes Value of subsidy for energy conservation measure excluded from income Improvements. Where can i get a 2012 tax form   An improvement materially adds to the value of your home, considerably prolongs its useful life, or adapts it to new uses. Where can i get a 2012 tax form You must add the cost of any improvements to the basis of your home. Where can i get a 2012 tax form You cannot deduct these costs. Where can i get a 2012 tax form   Improvements include putting a recreation room in your unfinished basement, adding another bathroom or bedroom, putting up a fence, putting in new plumbing or wiring, installing a new roof, and paving your driveway. Where can i get a 2012 tax form Amount added to basis. Where can i get a 2012 tax form   The amount you add to your basis for improvements is your actual cost. Where can i get a 2012 tax form This includes all costs for material and labor, except your own labor, and all expenses related to the improvement. Where can i get a 2012 tax form For example, if you had your lot surveyed to put up a fence, the cost of the survey is a part of the cost of the fence. Where can i get a 2012 tax form   You also must add to your basis state and local assessments for improvements such as streets and sidewalks if they increase the value of the property. Where can i get a 2012 tax form These assessments are discussed earlier under Real Estate Taxes . Where can i get a 2012 tax form Improvements no longer part of home. Where can i get a 2012 tax form    Your home's adjusted basis does not include the cost of any improvements that are replaced and are no longer part of the home. Where can i get a 2012 tax form Example. Where can i get a 2012 tax form You put wall-to-wall carpeting in your home 15 years ago. Where can i get a 2012 tax form Later, you replaced that carpeting with new wall-to-wall carpeting. Where can i get a 2012 tax form The cost of the old carpeting you replaced is no longer part of your home's adjusted basis. Where can i get a 2012 tax form Repairs versus improvements. Where can i get a 2012 tax form   A repair keeps your home in an ordinary, efficient operating condition. Where can i get a 2012 tax form It does not add to the value of your home or prolong its life. Where can i get a 2012 tax form Repairs include repainting your home inside or outside, fixing your gutters or floors, fixing leaks or plastering, and replacing broken window panes. Where can i get a 2012 tax form You cannot deduct repair costs and generally cannot add them to the basis of your home. Where can i get a 2012 tax form   However, repairs that are done as part of an extensive remodeling or restoration of your home are considered improvements. Where can i get a 2012 tax form You add them to the basis of your home. Where can i get a 2012 tax form Records to keep. Where can i get a 2012 tax form   You can use Table 4 (at the end of the publication) as a guide to help you keep track of improvements to your home. Where can i get a 2012 tax form Also see Keeping Records , below. Where can i get a 2012 tax form Energy conservation subsidy. Where can i get a 2012 tax form   If a public utility gives you (directly or indirectly) a subsidy for the purchase or installation of an energy conservation measure for your home, do not include the value of that subsidy in your income. Where can i get a 2012 tax form You must reduce the basis of your home by that value. Where can i get a 2012 tax form   An energy conservation measure is an installation or modification primarily designed to reduce consumption of electricity or natural gas or to improve the management of energy demand. Where can i get a 2012 tax form Keeping Records Keeping full and accurate records is vital to properly report your income and expenses, to support your deductions and credits, and to know the basis or adjusted basis of your home. Where can i get a 2012 tax form These records include your purchase contract and settlement papers if you bought the property, or other objective evidence if you acquired it by gift, inheritance, or similar means. Where can i get a 2012 tax form You should keep any receipts, canceled checks, and similar evidence for improvements or other additions to the basis. Where can i get a 2012 tax form In addition, you should keep track of any decreases to the basis such as those listed in Table 3, earlier. Where can i get a 2012 tax form How to keep records. Where can i get a 2012 tax form   How you keep records is up to you, but they must be clear and accurate and must be available to the IRS. Where can i get a 2012 tax form How long to keep records. Where can i get a 2012 tax form   You must keep your records for as long as they are important for meeting any provision of the federal tax law. Where can i get a 2012 tax form   Keep records that support an item of income, a deduction, or a credit appearing on a return until the period of limitations for the return runs out. Where can i get a 2012 tax form (A period of limitations is the period of time after which no legal action can be brought. Where can i get a 2012 tax form ) For assessment of tax you owe, this is generally 3 years from the date you filed the return. Where can i get a 2012 tax form For filing a claim for credit or refund, this is generally 3 years from the date you filed the original return, or 2 years from the date you paid the tax, whichever is later. Where can i get a 2012 tax form Returns filed before the due date are treated as filed on the due date. Where can i get a 2012 tax form   You may need to keep records relating to the basis of property (discussed earlier) for longer than the period of limitations. Where can i get a 2012 tax form Keep those records as long as they are important in figuring the basis of the original or replacement property. Where can i get a 2012 tax form Generally, this means for as long as you own the property and, after you dispose of it, for the period of limitations that applies to you. Where can i get a 2012 tax form Table 4. Where can i get a 2012 tax form Record of Home Improvements Keep this for your records. Where can i get a 2012 tax form Also, keep receipts or other proof of improvements. Where can i get a 2012 tax form Remove from this record any improvements that are no longer part of your main home. Where can i get a 2012 tax form For example, if you put wall-to-wall carpeting in your home and later replace it with new wall-to-wall carpeting, remove the cost of the first carpeting. Where can i get a 2012 tax form (a) Type of Improvement (b) Date (c) Amount   (a) Type of Improvement (b) Date (c) Amount Additions:       Heating & Air  Conditioning:     Bedroom       Heating system     Bathroom       Central air conditioning     Deck       Furnace     Garage       Duct work     Porch       Central humidifier     Patio       Filtration system     Storage shed       Other     Fireplace       Electrical:     Other           Lawn & Grounds:       Lighting fixtures           Wiring upgrades     Landscaping       Other     Driveway       Plumbing:     Walkway           Fences       Water heater     Retaining wall       Soft water system     Sprinkler system       Filtration system     Swimming pool       Other     Exterior lighting       Insulation:     Other           Communications:       Attic           Walls     Satellite dish       Floors     Intercom       Pipes and duct work     Security system       Other     Other             Miscellaneous:       Interior  Improvements:     Storm windows and doors       Built-in appliances     Roof       Kitchen modernization     Central vacuum       Bathroom modernization     Other       Flooring             Wall-to-wall carpeting             Other     How To
Print - Click this link to Print this page

Understanding your CP71 Notice

You received this notice to remind you of the amount you owe in tax, penalty and interest.

Looking for information for CP71A Notice, CP71C Notice, or CP71D Notice?

Printable samples of this notice (PDF)

Tax publications you may find useful

How to get help

Calling the 1-800 number listed on the top right corner of your notice is the fastest way to get your questions answered.

You can also authorize someone (such as an accountant) to contact the IRS on your behalf using this Power of Attorney and Declaration of Representative (Form 2848).

Or you may qualify for help from a Low Income Taxpayer Clinic.
 


What you need to do

  • Read your notice carefully — it will explain how much money you owe on your taxes.

You may want to...


Answers to Common Questions

Am I charged interest on the money I owe?
Yes, interest accrues on your unpaid balance until you pay it in full.

Do I receive a penalty if I cannot pay the full amount?
Yes, you receive a late payment penalty.

What happens if I cannot pay the full amount I owe?
You can arrange to make a payment plan with us if you cannot pay the full amount you owe.

How can I set up a payment plan?
Call the toll-free number listed on the top right corner of your notice to discuss payment options or learn more about payment arrangements.


Tips for next year

Consider filing your taxes electronically. Filing online can help you avoid mistakes and find credits and deductions that you may qualify for. In many cases you can file for free. Learn more about e-file.

Page Last Reviewed or Updated: 06-Mar-2014

The Where Can I Get A 2012 Tax Form

Where can i get a 2012 tax form Publication 15 - Main Content Table of Contents 1. Where can i get a 2012 tax form Employer Identification Number (EIN) 2. Where can i get a 2012 tax form Who Are Employees?Relief provisions. Where can i get a 2012 tax form Business Owned and Operated by Spouses 3. Where can i get a 2012 tax form Family Employees 4. Where can i get a 2012 tax form Employee's Social Security Number (SSN)Registering for SSNVS. Where can i get a 2012 tax form 5. Where can i get a 2012 tax form Wages and Other CompensationAccountable plan. Where can i get a 2012 tax form Nonaccountable plan. Where can i get a 2012 tax form Per diem or other fixed allowance. Where can i get a 2012 tax form 50% test. Where can i get a 2012 tax form Health Savings Accounts and medical savings accounts. Where can i get a 2012 tax form Nontaxable fringe benefits. Where can i get a 2012 tax form When fringe benefits are treated as paid. Where can i get a 2012 tax form Valuation of fringe benefits. Where can i get a 2012 tax form Withholding on fringe benefits. Where can i get a 2012 tax form Depositing taxes on fringe benefits. Where can i get a 2012 tax form 6. Where can i get a 2012 tax form TipsOrdering rule. Where can i get a 2012 tax form 7. Where can i get a 2012 tax form Supplemental Wages 8. Where can i get a 2012 tax form Payroll Period 9. Where can i get a 2012 tax form Withholding From Employees' WagesIncome Tax Withholding Social Security and Medicare Taxes Part-Time Workers 10. Where can i get a 2012 tax form Required Notice to Employees About the Earned Income Credit (EIC) 11. Where can i get a 2012 tax form Depositing TaxesWhen To Deposit How To Deposit Deposit Penalties 12. Where can i get a 2012 tax form Filing Form 941 or Form 944 13. Where can i get a 2012 tax form Reporting Adjustments to Form 941 or Form 944Current Period Adjustments Prior Period Adjustments Wage Repayments 14. Where can i get a 2012 tax form Federal Unemployment (FUTA) TaxSuccessor employer. Where can i get a 2012 tax form Household employees. Where can i get a 2012 tax form When to deposit. Where can i get a 2012 tax form Household employees. Where can i get a 2012 tax form Electronic filing by reporting agents. Where can i get a 2012 tax form 16. Where can i get a 2012 tax form How To Use the Income Tax Withholding TablesWage Bracket Method Percentage Method Alternative Methods of Income Tax Withholding How To Get Tax Help 1. Where can i get a 2012 tax form Employer Identification Number (EIN) If you are required to report employment taxes or give tax statements to employees or annuitants, you need an EIN. Where can i get a 2012 tax form The EIN is a nine-digit number the IRS issues. Where can i get a 2012 tax form The digits are arranged as follows: 00-0000000. Where can i get a 2012 tax form It is used to identify the tax accounts of employers and certain others who have no employees. Where can i get a 2012 tax form Use your EIN on all of the items you send to the IRS and SSA. Where can i get a 2012 tax form For more information, see Publication 1635, Employer Identification Number: Understanding Your EIN. Where can i get a 2012 tax form If you do not have an EIN, you may apply for one online. Where can i get a 2012 tax form Go to the IRS. Where can i get a 2012 tax form gov and click on the Apply for an EIN Online link under Tools. Where can i get a 2012 tax form You may also apply for an EIN by calling 1-800-829-4933, or you can fax or mail Form SS-4, Application for Employer Identification Number, to the IRS. Where can i get a 2012 tax form Do not use an SSN in place of an EIN. Where can i get a 2012 tax form You should have only one EIN. Where can i get a 2012 tax form If you have more than one and are not sure which one to use, call 1-800-829-4933 or 1-800-829-4059 (TDD/TTY for persons who are deaf, hard of hearing, or have a speech disability). Where can i get a 2012 tax form Give the numbers you have, the name and address to which each was assigned, and the address of your main place of business. Where can i get a 2012 tax form The IRS will tell you which number to use. Where can i get a 2012 tax form If you took over another employer's business (see Successor employer in section 9), do not use that employer's EIN. Where can i get a 2012 tax form If you have applied for an EIN but do not have your EIN by the time a return is due, file a paper return and write “Applied For” and the date you applied for it in the space shown for the number. Where can i get a 2012 tax form 2. Where can i get a 2012 tax form Who Are Employees? Generally, employees are defined either under common law or under statutes for certain situations. Where can i get a 2012 tax form See Publication 15-A for details on statutory employees and nonemployees. Where can i get a 2012 tax form Employee status under common law. Where can i get a 2012 tax form   Generally, a worker who performs services for you is your employee if you have the right to control what will be done and how it will be done. Where can i get a 2012 tax form This is so even when you give the employee freedom of action. Where can i get a 2012 tax form What matters is that you have the right to control the details of how the services are performed. Where can i get a 2012 tax form See Publication 15-A for more information on how to determine whether an individual providing services is an independent contractor or an employee. Where can i get a 2012 tax form   Generally, people in business for themselves are not employees. Where can i get a 2012 tax form For example, doctors, lawyers, veterinarians, and others in an independent trade in which they offer their services to the public are usually not employees. Where can i get a 2012 tax form However, if the business is incorporated, corporate officers who work in the business are employees of the corporation. Where can i get a 2012 tax form   If an employer-employee relationship exists, it does not matter what it is called. Where can i get a 2012 tax form The employee may be called an agent or independent contractor. Where can i get a 2012 tax form It also does not matter how payments are measured or paid, what they are called, or if the employee works full or part time. Where can i get a 2012 tax form Statutory employees. Where can i get a 2012 tax form   If someone who works for you is not an employee under the common law rules discussed earlier, do not withhold federal income tax from his or her pay, unless backup withholding applies. Where can i get a 2012 tax form Although the following persons may not be common law employees, they are considered employees by statute for social security, Medicare, and FUTA tax purposes under certain conditions. Where can i get a 2012 tax form An agent (or commission) driver who delivers food, beverages (other than milk), laundry, or dry cleaning for someone else. Where can i get a 2012 tax form A full-time life insurance salesperson who sells primarily for one company. Where can i get a 2012 tax form A homeworker who works by guidelines of the person for whom the work is done, with materials furnished by and returned to that person or to someone that person designates. Where can i get a 2012 tax form A traveling or city salesperson (other than an agent-driver or commission-driver) who works full time (except for sideline sales activities) for one firm or person getting orders from customers. Where can i get a 2012 tax form The orders must be for merchandise for resale or supplies for use in the customer's business. Where can i get a 2012 tax form The customers must be retailers, wholesalers, contractors, or operators of hotels, restaurants, or other businesses dealing with food or lodging. Where can i get a 2012 tax form    Statutory nonemployees. Where can i get a 2012 tax form   Direct sellers, qualified real estate agents, and certain companion sitters are, by law, considered nonemployees. Where can i get a 2012 tax form They are generally treated as self-employed for all federal tax purposes, including income and employment taxes. Where can i get a 2012 tax form H-2A agricultural workers. Where can i get a 2012 tax form   On Form W-2, do not check box 13 (Statutory employee), as H-2A workers are not statutory employees. Where can i get a 2012 tax form Treating employees as nonemployees. Where can i get a 2012 tax form   You will generally be liable for social security and Medicare taxes and withheld income tax if you do not deduct and withhold these taxes because you treated an employee as a nonemployee. Where can i get a 2012 tax form You may be able to calculate your liability using special section 3509 rates for the employee share of social security and Medicare taxes and the federal income tax withholding. Where can i get a 2012 tax form The applicable rates depend on whether you filed required Forms 1099. Where can i get a 2012 tax form You cannot recover the employee share of social security, or Medicare tax, or income tax withholding from the employee if the tax is paid under section 3509. Where can i get a 2012 tax form You are liable for the income tax withholding regardless of whether the employee paid income tax on the wages. Where can i get a 2012 tax form You continue to owe the full employer share of social security and Medicare taxes. Where can i get a 2012 tax form The employee remains liable for the employee share of social security and Medicare taxes. Where can i get a 2012 tax form See Internal Revenue Code section 3509 for details. Where can i get a 2012 tax form Also see the Instructions for Form 941-X. Where can i get a 2012 tax form   Section 3509 rates are not available if you intentionally disregard the requirement to withhold taxes from the employee or if you withheld income taxes but not social security or Medicare taxes. Where can i get a 2012 tax form Section 3509 is not available for reclassifying statutory employees. Where can i get a 2012 tax form See Statutory employees , earlier in this section. Where can i get a 2012 tax form   If the employer issued required information returns, the section 3509 rates are: For social security taxes; employer rate of 6. Where can i get a 2012 tax form 2% plus 20% of the employee rate (see the Instructions for Form 941-X). Where can i get a 2012 tax form For Medicare taxes; employer rate of 1. Where can i get a 2012 tax form 45% plus 20% of the employee rate of 1. Where can i get a 2012 tax form 45%, for a total rate of 1. Where can i get a 2012 tax form 74% of wages. Where can i get a 2012 tax form For Additional Medicare Tax; 0. Where can i get a 2012 tax form 18% (20% of the employee rate of 0. Where can i get a 2012 tax form 9%) of wages subject to Additional Medicare Tax. Where can i get a 2012 tax form For income tax withholding, the rate is 1. Where can i get a 2012 tax form 5% of wages. Where can i get a 2012 tax form   If the employer did not issue required information returns, the section 3509 rates are: For social security taxes; employer rate of 6. Where can i get a 2012 tax form 2% plus 40% of the employee rate (see the Instructions for Form 941-X). Where can i get a 2012 tax form For Medicare taxes; employer rate of 1. Where can i get a 2012 tax form 45% plus 40% of the employee rate of 1. Where can i get a 2012 tax form 45%, for a total rate of 2. Where can i get a 2012 tax form 03% of wages. Where can i get a 2012 tax form For Additional Medicare Tax; 0. Where can i get a 2012 tax form 36% (40% of the employee rate of 0. Where can i get a 2012 tax form 9%) of wages subject to Additional Medicare Tax. Where can i get a 2012 tax form For income tax withholding, the rate is 3. Where can i get a 2012 tax form 0% of wages. Where can i get a 2012 tax form Relief provisions. Where can i get a 2012 tax form   If you have a reasonable basis for not treating a worker as an employee, you may be relieved from having to pay employment taxes for that worker. Where can i get a 2012 tax form To get this relief, you must file all required federal tax returns, including information returns, on a basis consistent with your treatment of the worker. Where can i get a 2012 tax form You (or your predecessor) must not have treated any worker holding a substantially similar position as an employee for any periods beginning after 1977. Where can i get a 2012 tax form See Publication 1976, Do You Qualify for Relief Under Section 530. Where can i get a 2012 tax form IRS help. Where can i get a 2012 tax form   If you want the IRS to determine whether a worker is an employee, file Form SS-8, Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding. Where can i get a 2012 tax form Voluntary Classification Settlement Program (VCSP). Where can i get a 2012 tax form   Employers who are currently treating their workers (or a class or group of workers) as independent contractors or other nonemployees and want to voluntarily reclassify their workers as employees for future tax periods may be eligible to participate in the VCSP if certain requirements are met. Where can i get a 2012 tax form To apply, use Form 8952, Application for Voluntary Classification Settlement Program (VCSP). Where can i get a 2012 tax form For more information visit IRS. Where can i get a 2012 tax form gov and enter “VCSP” in the search box. Where can i get a 2012 tax form Business Owned and Operated by Spouses If you and your spouse jointly own and operate a business and share in the profits and losses, you are partners in a partnership, whether or not you have a formal partnership agreement. Where can i get a 2012 tax form See Publication 541, Partnerships, for more details. Where can i get a 2012 tax form The partnership is considered the employer of any employees, and is liable for any employment taxes due on wages paid to its employees. Where can i get a 2012 tax form Exception—Qualified joint venture. Where can i get a 2012 tax form   For tax years beginning after December 31, 2006, the Small Business and Work Opportunity Tax Act of 2007 (Public Law 110-28) provides that a “qualified joint venture,” whose only members are spouses filing a joint income tax return, can elect not to be treated as a partnership for federal tax purposes. Where can i get a 2012 tax form A qualified joint venture conducts a trade or business where: The only members of the joint venture are spouses who file a joint income tax return, Both spouses materially participate (see Material participation in the Instructions for Schedule C (Form 1040), line G) in the trade or business (mere joint ownership of property is not enough), Both spouses elect to not be treated as a partnership, and The business is co-owned by both spouses and is not held in the name of a state law entity such as a partnership or limited liability company (LLC). Where can i get a 2012 tax form   To make the election, all items of income, gain, loss, deduction, and credit must be divided between the spouses, in accordance with each spouse's interest in the venture, and reported on separate Schedules C or F as sole proprietors. Where can i get a 2012 tax form Each spouse must also file a separate Schedule SE to pay self-employment taxes, as applicable. Where can i get a 2012 tax form   Spouses using the qualified joint venture rules are treated as sole proprietors for federal tax purposes and generally do not need an EIN. Where can i get a 2012 tax form If employment taxes are owed by the qualified joint venture, either spouse may report and pay the employment taxes due on the wages paid to the employees using the EIN of that spouse's sole proprietorship. Where can i get a 2012 tax form Generally, filing as a qualified joint venture will not increase the spouses' total tax owed on the joint income tax return. Where can i get a 2012 tax form However, it gives each spouse credit for social security earnings on which retirement benefits are based and for Medicare coverage without filing a partnership return. Where can i get a 2012 tax form    Note. Where can i get a 2012 tax form If your spouse is your employee, not your partner, see One spouse employed by another in section 3. Where can i get a 2012 tax form   For more information on qualified joint ventures, visit IRS. Where can i get a 2012 tax form gov and enter “qualified joint venture” in the search box. Where can i get a 2012 tax form Exception—Community income. Where can i get a 2012 tax form   If you and your spouse wholly own an unincorporated business as community property under the community property laws of a state, foreign country, or U. Where can i get a 2012 tax form S. Where can i get a 2012 tax form possession, you can treat the business either as a sole proprietorship (of the spouse who carried on the business) or a partnership. Where can i get a 2012 tax form You may still make an election to be taxed as a qualified joint venture instead of a partnership. Where can i get a 2012 tax form See Exception—Qualified joint venture , earlier. Where can i get a 2012 tax form 3. Where can i get a 2012 tax form Family Employees Child employed by parents. Where can i get a 2012 tax form   Payments for the services of a child under age 18 who works for his or her parent in a trade or business are not subject to social security and Medicare taxes if the trade or business is a sole proprietorship or a partnership in which each partner is a parent of the child. Where can i get a 2012 tax form If these payments are for work other than in a trade or business, such as domestic work in the parent's private home, they are not subject to social security and Medicare taxes until the child reaches age 21. Where can i get a 2012 tax form However, see Covered services of a child or spouse , later in this section. Where can i get a 2012 tax form Payments for the services of a child under age 21 who works for his or her parent, whether or not in a trade or business, are not subject to FUTA tax. Where can i get a 2012 tax form Payments for the services of a child of any age who works for his or her parent are generally subject to income tax withholding unless the payments are for domestic work in the parent's home, or unless the payments are for work other than in a trade or business and are less than $50 in the quarter or the child is not regularly employed to do such work. Where can i get a 2012 tax form One spouse employed by another. Where can i get a 2012 tax form   The wages for the services of an individual who works for his or her spouse in a trade or business are subject to income tax withholding and social security and Medicare taxes, but not to FUTA tax. Where can i get a 2012 tax form However, the payments for services of one spouse employed by another in other than a trade or business, such as domestic service in a private home, are not subject to social security, Medicare, and FUTA taxes. Where can i get a 2012 tax form Covered services of a child or spouse. Where can i get a 2012 tax form   The wages for the services of a child or spouse are subject to income tax withholding as well as social security, Medicare, and FUTA taxes if he or she works for: A corporation, even if it is controlled by the child's parent or the individual's spouse; A partnership, even if the child's parent is a partner, unless each partner is a parent of the child; A partnership, even if the individual's spouse is a partner; or An estate, even if it is the estate of a deceased parent. Where can i get a 2012 tax form Parent employed by son or daughter. Where can i get a 2012 tax form   When the employer is a son or daughter employing his or her parent the following rules apply. Where can i get a 2012 tax form Payments for the services of a parent in the son’s or daughter’s (the employer’s) trade or business are subject to income tax withholding and social security and Medicare taxes. Where can i get a 2012 tax form Payments for the services of a parent not in the son’s or daughter’s (the employer’s) trade or business are generally not subject to social security and Medicare taxes. Where can i get a 2012 tax form    Social security and Medicare taxes do apply to payments made to a parent for domestic services if all of the following apply: The parent is employed by his or her son or daughter; The son or daughter (the employer) has a child or stepchild living in the home; The son or daughter (the employer) is a widow or widower, divorced, or living with a spouse who, because of a mental or physical condition, cannot care for the child or stepchild for at least 4 continuous weeks in a calendar quarter; and The child or stepchild is either under age 18 or requires the personal care of an adult for at least 4 continuous weeks in a calendar quarter due to a mental or physical condition. Where can i get a 2012 tax form   Payments made to a parent employed by his or her child are not subject to FUTA tax, regardless of the type of services provided. Where can i get a 2012 tax form 4. Where can i get a 2012 tax form Employee's Social Security Number (SSN) You are required to get each employee's name and SSN and to enter them on Form W-2. Where can i get a 2012 tax form This requirement also applies to resident and nonresident alien employees. Where can i get a 2012 tax form You should ask your employee to show you his or her social security card. Where can i get a 2012 tax form The employee may show the card if it is available. Where can i get a 2012 tax form Do not accept a social security card that says “Not valid for employment. Where can i get a 2012 tax form ” A social security number issued with this legend does not permit employment. Where can i get a 2012 tax form You may, but are not required to, photocopy the social security card if the employee provides it. Where can i get a 2012 tax form If you do not provide the correct employee name and SSN on Form W-2, you may owe a penalty unless you have reasonable cause. Where can i get a 2012 tax form See Publication 1586, Reasonable Cause Regulations & Requirements for Missing and Incorrect Name/TINs, for information on the requirement to solicit the employee's SSN. Where can i get a 2012 tax form Applying for a social security card. Where can i get a 2012 tax form   Any employee who is legally eligible to work in the United States and does not have a social security card can get one by completing Form SS-5, Application for a Social Security Card, and submitting the necessary documentation. Where can i get a 2012 tax form You can get Form SS-5 at SSA offices, by calling 1-800-772-1213, or from the SSA website at www. Where can i get a 2012 tax form socialsecurity. Where can i get a 2012 tax form gov/online/ss-5. Where can i get a 2012 tax form html. Where can i get a 2012 tax form The employee must complete and sign Form SS-5; it cannot be filed by the employer. Where can i get a 2012 tax form You may be asked to supply a letter to accompany Form SS-5 if the employee has exceeded his or her yearly or lifetime limit for the number of replacement cards allowed. Where can i get a 2012 tax form Applying for a social security number. Where can i get a 2012 tax form   If you file Form W-2 on paper and your employee applied for an SSN but does not have one when you must file Form W-2, enter “Applied For” on the form. Where can i get a 2012 tax form If you are filing electronically, enter all zeros (000-00-000) in the social security number field. Where can i get a 2012 tax form When the employee receives the SSN, file Copy A of Form W-2c, Corrected Wage and Tax Statement, with the SSA to show the employee's SSN. Where can i get a 2012 tax form Furnish copies B, C, and 2 of Form W-2c to the employee. Where can i get a 2012 tax form Up to 25 Forms W-2c for each Form W-3c, Transmittal of Corrected Wage and Tax Statements, may now be filed per session over the Internet, with no limit on the number of sessions. Where can i get a 2012 tax form For more information, visit the SSA's Employer W-2 Filing Instructions & Information webpage at www. Where can i get a 2012 tax form socialsecurity. Where can i get a 2012 tax form gov/employer. Where can i get a 2012 tax form Advise your employee to correct the SSN on his or her original Form W-2. Where can i get a 2012 tax form Correctly record the employee's name and SSN. Where can i get a 2012 tax form   Record the name and number of each employee as they are shown on the employee's social security card. Where can i get a 2012 tax form If the employee's name is not correct as shown on the card (for example, because of marriage or divorce), the employee should request a corrected card from the SSA. Where can i get a 2012 tax form Continue to report the employee's wages under the old name until the employee shows you an updated social security card with the new name. Where can i get a 2012 tax form If the SSA issues the employee a replacement card after a name change, or a new card with a different social security number after a change in alien work status, file a Form W-2c to correct the name/SSN reported for the most recently filed Form W-2. Where can i get a 2012 tax form It is not necessary to correct other years if the previous name and number were used for years before the most recent Form W-2. Where can i get a 2012 tax form IRS individual taxpayer identification numbers (ITINs) for aliens. Where can i get a 2012 tax form   Do not accept an ITIN in place of an SSN for employee identification or for work. Where can i get a 2012 tax form An ITIN is only available to resident and nonresident aliens who are not eligible for U. Where can i get a 2012 tax form S. Where can i get a 2012 tax form employment and need identification for other tax purposes. Where can i get a 2012 tax form You can identify an ITIN because it is a nine-digit number, beginning with the number “9” with either a “7” or “8” as the fourth digit and is formatted like an SSN (for example, 9NN-7N-NNNN). Where can i get a 2012 tax form    An individual with an ITIN who later becomes eligible to work in the United States must obtain an SSN. Where can i get a 2012 tax form If the individual is currently eligible to work in the United States, instruct the individual to apply for an SSN and follow the instructions under Applying for a social security number, earlier. Where can i get a 2012 tax form Do not use an ITIN in place of an SSN on Form W-2. Where can i get a 2012 tax form Verification of social security numbers. Where can i get a 2012 tax form   Employers and authorized reporting agents can use the Social Security Number Verification Service (SSNVS) to instantly verify up to 10 names and SSNs (per screen) at a time, or submit an electronic file of up to 250,000 names and SSNs and usually receive the results the next business day. Where can i get a 2012 tax form Visit www. Where can i get a 2012 tax form socialsecurity. Where can i get a 2012 tax form gov/employer/ssnv. Where can i get a 2012 tax form htm for more information. Where can i get a 2012 tax form Registering for SSNVS. Where can i get a 2012 tax form   You must register online and receive authorization from your employer to use SSNVS. Where can i get a 2012 tax form To register, visit SSA's website at www. Where can i get a 2012 tax form ssa. Where can i get a 2012 tax form gov/employer and click on the Business Services Online link. Where can i get a 2012 tax form Follow the registration instructions to obtain a user identification (ID) and password. Where can i get a 2012 tax form You will need to provide the following information about yourself and your company. Where can i get a 2012 tax form Name. Where can i get a 2012 tax form SSN. Where can i get a 2012 tax form Date of birth. Where can i get a 2012 tax form Type of employer. Where can i get a 2012 tax form EIN. Where can i get a 2012 tax form Company name, address, and telephone number. Where can i get a 2012 tax form Email address. Where can i get a 2012 tax form   When you have completed the online registration process, SSA will mail a one-time activation code to your employer. Where can i get a 2012 tax form You must enter the activation code online to use SSNVS. Where can i get a 2012 tax form 5. Where can i get a 2012 tax form Wages and Other Compensation Wages subject to federal employment taxes generally include all pay you give to an employee for services performed. Where can i get a 2012 tax form The pay may be in cash or in other forms. Where can i get a 2012 tax form It includes salaries, vacation allowances, bonuses, commissions, and fringe benefits. Where can i get a 2012 tax form It does not matter how you measure or make the payments. Where can i get a 2012 tax form Amounts an employer pays as a bonus for signing or ratifying a contract in connection with the establishment of an employer-employee relationship and an amount paid to an employee for cancellation of an employment contract and relinquishment of contract rights are wages subject to social security, Medicare, and FUTA taxes and income tax withholding. Where can i get a 2012 tax form Also, compensation paid to a former employee for services performed while still employed is wages subject to employment taxes. Where can i get a 2012 tax form More information. Where can i get a 2012 tax form   See section 6 for a discussion of tips and section 7 for a discussion of supplemental wages. Where can i get a 2012 tax form Also, see section 15 for exceptions to the general rules for wages. Where can i get a 2012 tax form Publication 15-A provides additional information on wages, including nonqualified deferred compensation, and other compensation. Where can i get a 2012 tax form Publication 15-B provides information on other forms of compensation, including: Accident and health benefits, Achievement awards, Adoption assistance, Athletic facilities, De minimis (minimal) benefits, Dependent care assistance, Educational assistance, Employee discounts, Employee stock options, Employer-provided cell phones, Group-term life insurance coverage, Health Savings Accounts, Lodging on your business premises, Meals, Moving expense reimbursements, No-additional-cost services, Retirement planning services, Transportation (commuting) benefits, Tuition reduction, and Working condition benefits. Where can i get a 2012 tax form Employee business expense reimbursements. Where can i get a 2012 tax form   A reimbursement or allowance arrangement is a system by which you pay the advances, reimbursements, and charges for your employees' business expenses. Where can i get a 2012 tax form How you report a reimbursement or allowance amount depends on whether you have an accountable or a nonaccountable plan. Where can i get a 2012 tax form If a single payment includes both wages and an expense reimbursement, you must specify the amount of the reimbursement. Where can i get a 2012 tax form   These rules apply to all ordinary and necessary employee business expenses that would otherwise qualify for a deduction by the employee. Where can i get a 2012 tax form Accountable plan. Where can i get a 2012 tax form   To be an accountable plan, your reimbursement or allowance arrangement must require your employees to meet all three of the following rules. Where can i get a 2012 tax form They must have paid or incurred deductible expenses while performing services as your employees. Where can i get a 2012 tax form The reimbursement or advance must be paid for the expense and must not be an amount that would have otherwise been paid by the employee. Where can i get a 2012 tax form They must substantiate these expenses to you within a reasonable period of time. Where can i get a 2012 tax form They must return any amounts in excess of substantiated expenses within a reasonable period of time. Where can i get a 2012 tax form   Amounts paid under an accountable plan are not wages and are not subject to income, social security, Medicare, and FUTA taxes. Where can i get a 2012 tax form   If the expenses covered by this arrangement are not substantiated (or amounts in excess of substantiated expenses are not returned within a reasonable period of time), the amount paid under the arrangement in excess of the substantiated expenses is treated as paid under a nonaccountable plan. Where can i get a 2012 tax form This amount is subject to income, social security, Medicare, and FUTA taxes for the first payroll period following the end of the reasonable period of time. Where can i get a 2012 tax form   A reasonable period of time depends on the facts and circumstances. Where can i get a 2012 tax form Generally, it is considered reasonable if your employees receive their advance within 30 days of the time they incur the expenses, adequately account for the expenses within 60 days after the expenses were paid or incurred, and return any amounts in excess of expenses within 120 days after the expenses were paid or incurred. Where can i get a 2012 tax form Also, it is considered reasonable if you give your employees a periodic statement (at least quarterly) that asks them to either return or adequately account for outstanding amounts and they do so within 120 days. Where can i get a 2012 tax form Nonaccountable plan. Where can i get a 2012 tax form   Payments to your employee for travel and other necessary expenses of your business under a nonaccountable plan are wages and are treated as supplemental wages and subject to income, social security, Medicare, and FUTA taxes. Where can i get a 2012 tax form Your payments are treated as paid under a nonaccountable plan if: Your employee is not required to or does not substantiate timely those expenses to you with receipts or other documentation, You advance an amount to your employee for business expenses and your employee is not required to or does not return timely any amount he or she does not use for business expenses, You advance or pay an amount to your employee regardless of whether you reasonably expect the employee to have business expenses related to your business, or You pay an amount as a reimbursement you would have otherwise paid as wages. Where can i get a 2012 tax form   See section 7 for more information on supplemental wages. Where can i get a 2012 tax form Per diem or other fixed allowance. Where can i get a 2012 tax form   You may reimburse your employees by travel days, miles, or some other fixed allowance under the applicable revenue procedure. Where can i get a 2012 tax form In these cases, your employee is considered to have accounted to you if your reimbursement does not exceed rates established by the Federal Government. Where can i get a 2012 tax form The 2013 standard mileage rate for auto expenses was 56. Where can i get a 2012 tax form 5 cents per mile. Where can i get a 2012 tax form The rate for 2014 is 56 cents per mile. Where can i get a 2012 tax form   The government per diem rates for meals and lodging in the continental United States are listed in Publication 1542, Per Diem Rates. Where can i get a 2012 tax form Other than the amount of these expenses, your employees' business expenses must be substantiated (for example, the business purpose of the travel or the number of business miles driven). Where can i get a 2012 tax form   If the per diem or allowance paid exceeds the amounts substantiated, you must report the excess amount as wages. Where can i get a 2012 tax form This excess amount is subject to income tax withholding and payment of social security, Medicare, and FUTA taxes. Where can i get a 2012 tax form Show the amount equal to the substantiated amount (for example, the nontaxable portion) in box 12 of Form W-2 using code “L. Where can i get a 2012 tax form ” Wages not paid in money. Where can i get a 2012 tax form   If in the course of your trade or business you pay your employees in a medium that is neither cash nor a readily negotiable instrument, such as a check, you are said to pay them “in kind. Where can i get a 2012 tax form ” Payments in kind may be in the form of goods, lodging, food, clothing, or services. Where can i get a 2012 tax form Generally, the fair market value of such payments at the time they are provided is subject to federal income tax withholding and social security, Medicare, and FUTA taxes. Where can i get a 2012 tax form   However, noncash payments for household work, agricultural labor, and service not in the employer's trade or business are exempt from social security, Medicare, and FUTA taxes. Where can i get a 2012 tax form Withhold income tax on these payments only if you and the employee agree to do so. Where can i get a 2012 tax form Nonetheless, noncash payments for agricultural labor, such as commodity wages, are treated as cash payments subject to employment taxes if the substance of the transaction is a cash payment. Where can i get a 2012 tax form Moving expenses. Where can i get a 2012 tax form   Reimbursed and employer-paid qualified moving expenses (those that would otherwise be deductible by the employee) paid under an accountable plan are not includible in an employee's income unless you have knowledge the employee deducted the expenses in a prior year. Where can i get a 2012 tax form Reimbursed and employer-paid nonqualified moving expenses are includible in income and are subject to employment taxes and income tax withholding. Where can i get a 2012 tax form For more information on moving expenses, see Publication 521, Moving Expenses. Where can i get a 2012 tax form Meals and lodging. Where can i get a 2012 tax form   The value of meals is not taxable income and is not subject to income tax withholding and social security, Medicare, and FUTA taxes if the meals are furnished for the employer's convenience and on the employer's premises. Where can i get a 2012 tax form The value of lodging is not subject to income tax withholding and social security, Medicare, and FUTA taxes if the lodging is furnished for the employer's convenience, on the employer's premises, and as a condition of employment. Where can i get a 2012 tax form    “For the convenience of the employer” means you have a substantial business reason for providing the meals and lodging other than to provide additional compensation to the employee. Where can i get a 2012 tax form For example, meals you provide at the place of work so that an employee is available for emergencies during his or her lunch period are generally considered to be for your convenience. Where can i get a 2012 tax form   However, whether meals or lodging are provided for the convenience of the employer depends on all of the facts and circumstances. Where can i get a 2012 tax form A written statement that the meals or lodging are for your convenience is not sufficient. Where can i get a 2012 tax form 50% test. Where can i get a 2012 tax form   If over 50% of the employees who are provided meals on an employer's business premises receive these meals for the convenience of the employer, all meals provided on the premises are treated as furnished for the convenience of the employer. Where can i get a 2012 tax form If this 50% test is met, the value of the meals is excludable from income for all employees and is not subject to federal income tax withholding or employment taxes. Where can i get a 2012 tax form For more information, see Publication 15-B. Where can i get a 2012 tax form Health insurance plans. Where can i get a 2012 tax form   If you pay the cost of an accident or health insurance plan for your employees, including an employee's spouse and dependents, your payments are not wages and are not subject to social security, Medicare, and FUTA taxes, or federal income tax withholding. Where can i get a 2012 tax form Generally, this exclusion also applies to qualified long-term care insurance contracts. Where can i get a 2012 tax form However, for income tax withholding, the value of health insurance benefits must be included in the wages of S corporation employees who own more than 2% of the S corporation (2% shareholders). Where can i get a 2012 tax form For social security, Medicare, and FUTA taxes, the health insurance benefits are excluded from the wages only for employees and their dependents or for a class or classes of employees and their dependents. Where can i get a 2012 tax form See Announcement 92-16 for more information. Where can i get a 2012 tax form You can find Announcement 92-16 on page 53 of Internal Revenue Bulletin 1992-5. Where can i get a 2012 tax form Health Savings Accounts and medical savings accounts. Where can i get a 2012 tax form   Your contributions to an employee's Health Savings Account (HSA) or Archer medical savings account (MSA) are not subject to social security, Medicare, or FUTA taxes, or federal income tax withholding if it is reasonable to believe at the time of payment of the contributions they will be excludable from the income of the employee. Where can i get a 2012 tax form To the extent it is not reasonable to believe they will be excludable, your contributions are subject to these taxes. Where can i get a 2012 tax form Employee contributions to their HSAs or MSAs through a payroll deduction plan must be included in wages and are subject to social security, Medicare, and FUTA taxes and income tax withholding. Where can i get a 2012 tax form However, HSA contributions made under a salary reduction arrangement in a section 125 cafeteria plan are not wages and are not subject to employment taxes or withholding. Where can i get a 2012 tax form For more information, see the Instructions for Form 8889, Health Savings Accounts (HSAs). Where can i get a 2012 tax form Medical care reimbursements. Where can i get a 2012 tax form   Generally, medical care reimbursements paid for an employee under an employer's self-insured medical reimbursement plan are not wages and are not subject to social security, Medicare, and FUTA taxes, or income tax withholding. Where can i get a 2012 tax form See Publication 15-B for an exception for highly compensated employees. Where can i get a 2012 tax form Differential wage payments. Where can i get a 2012 tax form   Differential wage payments are any payments made by an employer to an individual for a period during which the individual is performing service in the uniformed services while on active duty for a period of more than 30 days and represent all or a portion of the wages the individual would have received from the employer if the individual were performing services for the employer. Where can i get a 2012 tax form   Differential wage payments are wages for income tax withholding, but are not subject to social security, Medicare, or FUTA taxes. Where can i get a 2012 tax form Employers should report differential wage payments in box 1 of Form W-2. Where can i get a 2012 tax form For more information about the tax treatment of differential wage payments, visit IRS. Where can i get a 2012 tax form gov and enter “employees in a combat zone” in the search box. Where can i get a 2012 tax form Fringe benefits. Where can i get a 2012 tax form   You generally must include fringe benefits in an employee's gross income (but see Nontaxable fringe benefits next). Where can i get a 2012 tax form The benefits are subject to income tax withholding and employment taxes. Where can i get a 2012 tax form Fringe benefits include cars you provide, flights on aircraft you provide, free or discounted commercial flights, vacations, discounts on property or services, memberships in country clubs or other social clubs, and tickets to entertainment or sporting events. Where can i get a 2012 tax form In general, the amount you must include is the amount by which the fair market value of the benefits is more than the sum of what the employee paid for it plus any amount the law excludes. Where can i get a 2012 tax form There are other special rules you and your employees may use to value certain fringe benefits. Where can i get a 2012 tax form See Publication 15-B for more information. Where can i get a 2012 tax form Nontaxable fringe benefits. Where can i get a 2012 tax form   Some fringe benefits are not taxable (or are minimally taxable) if certain conditions are met. Where can i get a 2012 tax form See Publication 15-B for details. Where can i get a 2012 tax form The following are some examples of nontaxable fringe benefits. Where can i get a 2012 tax form Services provided to your employees at no additional cost to you. Where can i get a 2012 tax form Qualified employee discounts. Where can i get a 2012 tax form Working condition fringes that are property or services the employee could deduct as a business expense if he or she had paid for it. Where can i get a 2012 tax form Examples include a company car for business use and subscriptions to business magazines. Where can i get a 2012 tax form Certain minimal value fringes (including an occasional cab ride when an employee must work overtime and meals you provide at eating places you run for your employees if the meals are not furnished at below cost). Where can i get a 2012 tax form Qualified transportation fringes subject to specified conditions and dollar limitations (including transportation in a commuter highway vehicle, any transit pass, and qualified parking). Where can i get a 2012 tax form Qualified moving expense reimbursement. Where can i get a 2012 tax form See Moving expenses , earlier in this section, for details. Where can i get a 2012 tax form The use of on-premises athletic facilities, if substantially all of the use is by employees, their spouses, and their dependent children. Where can i get a 2012 tax form Qualified tuition reduction an educational organization provides to its employees for education. Where can i get a 2012 tax form For more information, see Publication 970, Tax Benefits for Education. Where can i get a 2012 tax form Employer-provided cell phones provided primarily for a noncompensatory business reason. Where can i get a 2012 tax form   However, do not exclude the following fringe benefits from the income of highly compensated employees unless the benefit is available to other employees on a nondiscriminatory basis. Where can i get a 2012 tax form No-additional-cost services. Where can i get a 2012 tax form Qualified employee discounts. Where can i get a 2012 tax form Meals provided at an employer operated eating facility. Where can i get a 2012 tax form Reduced tuition for education. Where can i get a 2012 tax form  For more information, including the definition of a highly compensated employee, see Publication 15-B. Where can i get a 2012 tax form When fringe benefits are treated as paid. Where can i get a 2012 tax form   You may choose to treat certain noncash fringe benefits as paid by the pay period, by the quarter, or on any other basis you choose as long as you treat the benefits as paid at least once a year. Where can i get a 2012 tax form You do not have to make a formal choice of payment dates or notify the IRS of the dates you choose. Where can i get a 2012 tax form You do not have to make this choice for all employees. Where can i get a 2012 tax form You may change methods as often as you like, as long as you treat all benefits provided in a calendar year as paid by December 31 of the calendar year. Where can i get a 2012 tax form See Publication 15-B for more information, including a discussion of the special accounting rule for fringe benefits provided during November and December. Where can i get a 2012 tax form Valuation of fringe benefits. Where can i get a 2012 tax form   Generally, you must determine the value of fringe benefits no later than January 31 of the next year. Where can i get a 2012 tax form Before January 31, you may reasonably estimate the value of the fringe benefits for purposes of withholding and depositing on time. Where can i get a 2012 tax form Withholding on fringe benefits. Where can i get a 2012 tax form   You may add the value of fringe benefits to regular wages for a payroll period and figure withholding taxes on the total, or you may withhold federal income tax on the value of the fringe benefits at the optional flat 25% supplemental wage rate. Where can i get a 2012 tax form However, see Withholding on supplemental wages when an employee receives more than $1 million of supplemental wages during the calendar year in section 7. Where can i get a 2012 tax form   You may choose not to withhold income tax on the value of an employee's personal use of a vehicle you provide. Where can i get a 2012 tax form You must, however, withhold social security and Medicare taxes on the use of the vehicle. Where can i get a 2012 tax form See Publication 15-B for more information on this election. Where can i get a 2012 tax form Depositing taxes on fringe benefits. Where can i get a 2012 tax form   Once you choose when fringe benefits are paid, you must deposit taxes in the same deposit period you treat the fringe benefits as paid. Where can i get a 2012 tax form To avoid a penalty, deposit the taxes following the general deposit rules for that deposit period. Where can i get a 2012 tax form   If you determine by January 31 you overestimated the value of a fringe benefit at the time you withheld and deposited for it, you may claim a refund for the overpayment or have it applied to your next employment tax return. Where can i get a 2012 tax form See Valuation of fringe benefits , earlier. Where can i get a 2012 tax form If you underestimated the value and deposited too little, you may be subject to a failure-to-deposit penalty. Where can i get a 2012 tax form See section 11 for information on deposit penalties. Where can i get a 2012 tax form   If you deposited the required amount of taxes but withheld a lesser amount from the employee, you can recover from the employee the social security, Medicare, or income taxes you deposited on his or her behalf, and included in the employee's Form W-2. Where can i get a 2012 tax form However, you must recover the income taxes before April 1 of the following year. Where can i get a 2012 tax form Sick pay. Where can i get a 2012 tax form   In general, sick pay is any amount you pay under a plan to an employee who is unable to work because of sickness or injury. Where can i get a 2012 tax form These amounts are sometimes paid by a third party, such as an insurance company or an employees' trust. Where can i get a 2012 tax form In either case, these payments are subject to social security, Medicare, and FUTA taxes. Where can i get a 2012 tax form Sick pay becomes exempt from these taxes after the end of 6 calendar months after the calendar month the employee last worked for the employer. Where can i get a 2012 tax form The payments are always subject to federal income tax. Where can i get a 2012 tax form See Publication 15-A for more information. Where can i get a 2012 tax form 6. Where can i get a 2012 tax form Tips Tips your employee receives from customers are generally subject to withholding. Where can i get a 2012 tax form Your employee must report cash tips to you by the 10th of the month after the month the tips are received. Where can i get a 2012 tax form The report should include tips you paid over to the employee for charge customers, tips the employee received directly from customers, and tips received from other employees under any tip-sharing arrangement. Where can i get a 2012 tax form Both directly and indirectly tipped employees must report tips to you. Where can i get a 2012 tax form No report is required for months when tips are less than $20. Where can i get a 2012 tax form Your employee reports the tips on Form 4070, Employee's Report of Tips to Employer, or on a similar statement. Where can i get a 2012 tax form The statement must be signed by the employee and must include: The employee's name, address, and SSN, Your name and address, The month or period the report covers, and The total of tips received during the month or period. Where can i get a 2012 tax form Both Forms 4070 and 4070-A, Employee's Daily Record of Tips, are included in Publication 1244, Employee's Daily Record of Tips and Report to Employer. Where can i get a 2012 tax form You are permitted to establish a system for electronic tip reporting by employees. Where can i get a 2012 tax form See Regulations section 31. Where can i get a 2012 tax form 6053-1(d). Where can i get a 2012 tax form Collecting taxes on tips. Where can i get a 2012 tax form   You must collect income tax, employee social security tax, and employee Medicare tax on the employee's tips. Where can i get a 2012 tax form The withholding rules for withholding an employee's share of Medicare tax on tips also apply to withholding the Additional Medicare Tax once wages and tips exceed $200,000 in the calendar year. Where can i get a 2012 tax form If an employee reports to you in writing $20 or more of tips in a month, the tips are also subject to FUTA tax. Where can i get a 2012 tax form   You can collect these taxes from the employee's wages or from other funds he or she makes available. Where can i get a 2012 tax form See Tips treated as supplemental wages in section 7 for more information. Where can i get a 2012 tax form Stop collecting the employee social security tax when his or her wages and tips for tax year 2014 reach $117,000; collect the income and employee Medicare taxes for the whole year on all wages and tips. Where can i get a 2012 tax form You are responsible for the employer social security tax on wages and tips until the wages (including tips) reach the limit. Where can i get a 2012 tax form You are responsible for the employer Medicare tax for the whole year on all wages and tips. Where can i get a 2012 tax form File Form 941 or Form 944 to report withholding and employment taxes on tips. Where can i get a 2012 tax form Ordering rule. Where can i get a 2012 tax form   If, by the 10th of the month after the month for which you received an employee's report on tips, you do not have enough employee funds available to deduct the employee tax, you no longer have to collect it. Where can i get a 2012 tax form If there are not enough funds available, withhold taxes in the following order. Where can i get a 2012 tax form Withhold on regular wages and other compensation. Where can i get a 2012 tax form Withhold social security and Medicare taxes on tips. Where can i get a 2012 tax form Withhold income tax on tips. Where can i get a 2012 tax form Reporting tips. Where can i get a 2012 tax form   Report tips and any collected and uncollected social security and Medicare taxes on Form W-2 and on Form 941, lines 5b, 5c, and 5d (Form 944, lines 4b, 4c, and 4d). Where can i get a 2012 tax form Report an adjustment on Form 941, line 9 (Form 944, line 6), for the uncollected social security and Medicare taxes. Where can i get a 2012 tax form Enter the amount of uncollected social security tax and Medicare tax on Form W-2, box 12, with codes “A” and “B. Where can i get a 2012 tax form ” Do not include any uncollected Additional Medicare Tax in box 12 of Form W-2. Where can i get a 2012 tax form See section 13 and the General Instructions for Forms W-2 and W-3. Where can i get a 2012 tax form   Revenue Ruling 2012-18 provides guidance for employers regarding social security and Medicare taxes imposed on tips, including information on the reporting of the employer share of social security and Medicare taxes under section 3121(q), the difference between tips and service charges, and the section 45B credit. Where can i get a 2012 tax form See Revenue Ruling 2012-18, 2012-26 I. Where can i get a 2012 tax form R. Where can i get a 2012 tax form B. Where can i get a 2012 tax form 1032, available at www. Where can i get a 2012 tax form irs. Where can i get a 2012 tax form gov/irb/2012-26_IRB/ar07. Where can i get a 2012 tax form html. Where can i get a 2012 tax form Allocated tips. Where can i get a 2012 tax form   If you operate a large food or beverage establishment, you must report allocated tips under certain circumstances. Where can i get a 2012 tax form However, do not withhold income, social security, or Medicare taxes on allocated tips. Where can i get a 2012 tax form   A large food or beverage establishment is one that provides food or beverages for consumption on the premises, where tipping is customary, and where there were normally more than 10 employees on a typical business day during the preceding year. Where can i get a 2012 tax form   The tips may be allocated by one of three methods—hours worked, gross receipts, or good faith agreement. Where can i get a 2012 tax form For information about these allocation methods, including the requirement to file Forms 8027 electronically if 250 or more forms are filed, see the Instructions for Form 8027. Where can i get a 2012 tax form For information on filing Form 8027 electronically with the IRS, see Publication 1239. Where can i get a 2012 tax form Tip Rate Determination and Education Program. Where can i get a 2012 tax form   Employers may participate in the Tip Rate Determination and Education Program. Where can i get a 2012 tax form The program primarily consists of two voluntary agreements developed to improve tip income reporting by helping taxpayers to understand and meet their tip reporting responsibilities. Where can i get a 2012 tax form The two agreements are the Tip Rate Determination Agreement (TRDA) and the Tip Reporting Alternative Commitment (TRAC). Where can i get a 2012 tax form A tip agreement, the Gaming Industry Tip Compliance Agreement (GITCA), is available for the gaming (casino) industry. Where can i get a 2012 tax form To get more information about TRDA and TRAC agreements, see Publication 3144, Tips on Tips. Where can i get a 2012 tax form Additionally, visit IRS. Where can i get a 2012 tax form gov and enter “MSU tips” in the search box to get more information about GITCA, TRDA, or TRAC agreements. Where can i get a 2012 tax form 7. Where can i get a 2012 tax form Supplemental Wages Supplemental wages are wage payments to an employee that are not regular wages. Where can i get a 2012 tax form They include, but are not limited to, bonuses, commissions, overtime pay, payments for accumulated sick leave, severance pay, awards, prizes, back pay, retroactive pay increases, and payments for nondeductible moving expenses. Where can i get a 2012 tax form Other payments subject to the supplemental wage rules include taxable fringe benefits and expense allowances paid under a nonaccountable plan. Where can i get a 2012 tax form How you withhold on supplemental wages depends on whether the supplemental payment is identified as a separate payment from regular wages. Where can i get a 2012 tax form See Regulations section 31. Where can i get a 2012 tax form 3402(g)-1 for additional guidance for wages paid after January 1, 2007. Where can i get a 2012 tax form Also see Revenue Ruling 2008-29, 2008-24 I. Where can i get a 2012 tax form R. Where can i get a 2012 tax form B. Where can i get a 2012 tax form 1149, available at www. Where can i get a 2012 tax form irs. Where can i get a 2012 tax form gov/irb/2008-24_IRB/ar08. Where can i get a 2012 tax form html. Where can i get a 2012 tax form Withholding on supplemental wages when an employee receives more than $1 million of supplemental wages from you during the calendar year. Where can i get a 2012 tax form   Special rules apply to the extent supplemental wages paid to any one employee during the calendar year exceed $1 million. Where can i get a 2012 tax form If a supplemental wage payment, together with other supplemental wage payments made to the employee during the calendar year, exceeds $1 million, the excess is subject to withholding at 39. Where can i get a 2012 tax form 6% (or the highest rate of income tax for the year). Where can i get a 2012 tax form Withhold using the 39. Where can i get a 2012 tax form 6% rate without regard to the employee's Form W-4. Where can i get a 2012 tax form In determining supplemental wages paid to the employee during the year, include payments from all businesses under common control. Where can i get a 2012 tax form For more information, see Treasury Decision 9276, 2006-37 I. Where can i get a 2012 tax form R. Where can i get a 2012 tax form B. Where can i get a 2012 tax form 423, available at www. Where can i get a 2012 tax form irs. Where can i get a 2012 tax form gov/irb/2006-37_IRB/ar09. Where can i get a 2012 tax form html. Where can i get a 2012 tax form Withholding on supplemental wage payments to an employee who does not receive $1 million of supplemental wages during the calendar year. Where can i get a 2012 tax form   If the supplemental wages paid to the employee during the calendar year are less than or equal to $1 million, the following rules apply in determining the amount of income tax to be withheld. Where can i get a 2012 tax form Supplemental wages combined with regular wages. Where can i get a 2012 tax form   If you pay supplemental wages with regular wages but do not specify the amount of each, withhold federal income tax as if the total were a single payment for a regular payroll period. Where can i get a 2012 tax form Supplemental wages identified separately from regular wages. Where can i get a 2012 tax form   If you pay supplemental wages separately (or combine them in a single payment and specify the amount of each), the federal income tax withholding method depends partly on whether you withhold income tax from your employee's regular wages. Where can i get a 2012 tax form If you withheld income tax from an employee's regular wages in the current or immediately preceding calendar year, you can use one of the following methods for the supplemental wages. Where can i get a 2012 tax form Withhold a flat 25% (no other percentage allowed). Where can i get a 2012 tax form If the supplemental wages are paid concurrently with regular wages, add the supplemental wages to the concurrently paid regular wages. Where can i get a 2012 tax form If there are no concurrently paid regular wages, add the supplemental wages to alternatively, either the regular wages paid or to be paid for the current payroll period or the regular wages paid for the preceding payroll period. Where can i get a 2012 tax form Figure the income tax withholding as if the total of the regular wages and supplemental wages is a single payment. Where can i get a 2012 tax form Subtract the tax withheld from the regular wages. Where can i get a 2012 tax form Withhold the remaining tax from the supplemental wages. Where can i get a 2012 tax form If there were other payments of supplemental wages paid during the payroll period made before the current payment of supplemental wages, aggregate all the payments of supplemental wages paid during the payroll period with the regular wages paid during the payroll period, calculate the tax on the total, subtract the tax already withheld from the regular wages and the previous supplemental wage payments, and withhold the remaining tax. Where can i get a 2012 tax form If you did not withhold income tax from the employee's regular wages in the current or immediately preceding calendar year, use method 1-b. Where can i get a 2012 tax form This would occur, for example, when the value of the employee's withholding allowances claimed on Form W-4 is more than the wages. Where can i get a 2012 tax form Regardless of the method you use to withhold income tax on supplemental wages, they are subject to social security, Medicare, and FUTA taxes. Where can i get a 2012 tax form Example 1. Where can i get a 2012 tax form You pay John Peters a base salary on the 1st of each month. Where can i get a 2012 tax form He is single and claims one withholding allowance. Where can i get a 2012 tax form In January he is paid $1,000. Where can i get a 2012 tax form Using the wage bracket tables, you withhold $50 from this amount. Where can i get a 2012 tax form In February, he receives salary of $1,000 plus a commission of $2,000, which you combine with regular wages and do not separately identify. Where can i get a 2012 tax form You figure the withholding based on the total of $3,000. Where can i get a 2012 tax form The correct withholding from the tables is $338. Where can i get a 2012 tax form Example 2. Where can i get a 2012 tax form You pay Sharon Warren a base salary on the 1st of each month. Where can i get a 2012 tax form She is single and claims one allowance. Where can i get a 2012 tax form Her May 1 pay is $2,000. Where can i get a 2012 tax form Using the wage bracket tables, you withhold $188. Where can i get a 2012 tax form On May 14 she receives a bonus of $1,000. Where can i get a 2012 tax form Electing to use supplemental wage withholding method 1-b, you: Add the bonus amount to the amount of wages from the most recent base salary pay date (May 1) ($2,000 + $1,000 = $3,000). Where can i get a 2012 tax form Determine the amount of withholding on the combined $3,000 amount to be $338 using the wage bracket tables. Where can i get a 2012 tax form Subtract the amount withheld from wages on the most recent base salary pay date (May 1) from the combined withholding amount ($338 – $188 = $150). Where can i get a 2012 tax form Withhold $150 from the bonus payment. Where can i get a 2012 tax form Example 3. Where can i get a 2012 tax form The facts are the same as in Example 2, except you elect to use the flat rate method of withholding on the bonus. Where can i get a 2012 tax form You withhold 25% of $1,000, or $250, from Sharon's bonus payment. Where can i get a 2012 tax form Example 4. Where can i get a 2012 tax form The facts are the same as in Example 2, except you elect to pay Sharon a second bonus of $2,000 on May 28. Where can i get a 2012 tax form Using supplemental wage withholding method 1-b, you: Add the first and second bonus amounts to the amount of wages from the most recent base salary pay date (May 1) ($2,000 + $1,000 + $2,000 = $5,000). Where can i get a 2012 tax form Determine the amount of withholding on the combined $5,000 amount to be $781 using the wage bracket tables. Where can i get a 2012 tax form Subtract the amounts withheld from wages on the most recent base salary pay date (May 1) and the amounts withheld from the first bonus payment from the combined withholding amount ($781 – $188 – $150 = $443). Where can i get a 2012 tax form Withhold $443 from the second bonus payment. Where can i get a 2012 tax form Tips treated as supplemental wages. Where can i get a 2012 tax form   Withhold income tax on tips from wages earned by the employee or from other funds the employee makes available. Where can i get a 2012 tax form If an employee receives regular wages and reports tips, figure income tax withholding as if the tips were supplemental wages. Where can i get a 2012 tax form If you have not withheld income tax from the regular wages, add the tips to the regular wages. Where can i get a 2012 tax form Then withhold income tax on the total. Where can i get a 2012 tax form If you withheld income tax from the regular wages, you can withhold on the tips by method 1-a or 1-b discussed earlier in this section under Supplemental wages identified separately from regular wages. Where can i get a 2012 tax form Vacation pay. Where can i get a 2012 tax form   Vacation pay is subject to withholding as if it were a regular wage payment. Where can i get a 2012 tax form When vacation pay is in addition to regular wages for the vacation period, treat it as a supplemental wage payment. Where can i get a 2012 tax form If the vacation pay is for a time longer than your usual payroll period, spread it over the pay periods for which you pay it. Where can i get a 2012 tax form 8. Where can i get a 2012 tax form Payroll Period Your payroll period is a period of service for which you usually pay wages. Where can i get a 2012 tax form When you have a regular payroll period, withhold income tax for that time period even if your employee does not work the full period. Where can i get a 2012 tax form No regular payroll period. Where can i get a 2012 tax form   When you do not have a regular payroll period, withhold the tax as if you paid wages for a daily or miscellaneous payroll period. Where can i get a 2012 tax form Figure the number of days (including Sundays and holidays) in the period covered by the wage payment. Where can i get a 2012 tax form If the wages are unrelated to a specific length of time (for example, commissions paid on completion of a sale), count back the number of days from the payment period to the latest of: The last wage payment made during the same calendar year, The date employment began, if during the same calendar year, or January 1 of the same year. Where can i get a 2012 tax form Employee paid for period less than 1 week. Where can i get a 2012 tax form   When you pay an employee for a period of less than one week, and the employee signs a statement under penalties of perjury indicating he or she is not working for any other employer during the same week for wages subject to withholding, figure withholding based on a weekly payroll period. Where can i get a 2012 tax form If the employee later begins to work for another employer for wages subject to withholding, the employee must notify you within 10 days. Where can i get a 2012 tax form You then figure withholding based on the daily or miscellaneous period. Where can i get a 2012 tax form 9. Where can i get a 2012 tax form Withholding From Employees' Wages Income Tax Withholding Using Form W-4 to figure withholding. Where can i get a 2012 tax form   To know how much federal income tax to withhold from employees' wages, you should have a Form W-4 on file for each employee. Where can i get a 2012 tax form Encourage your employees to file an updated Form W-4 for 2014, especially if they owed taxes or received a large refund when filing their 2013 tax return. Where can i get a 2012 tax form Advise your employees to use the IRS Withholding Calculator on the IRS website at www. Where can i get a 2012 tax form irs. Where can i get a 2012 tax form gov/individuals for help in determining how many withholding allowances to claim on their Forms W-4. Where can i get a 2012 tax form   Ask all new employees to give you a signed Form W-4 when they start work. Where can i get a 2012 tax form Make the form effective with the first wage payment. Where can i get a 2012 tax form If a new employee does not give you a completed Form W-4, withhold income tax as if he or she is single, with no withholding allowances. Where can i get a 2012 tax form Form in Spanish. Where can i get a 2012 tax form   You can provide Formulario W-4(SP), Certificado de Exención de Retenciones del Empleado, in place of Form W-4, to your Spanish-speaking employees. Where can i get a 2012 tax form For more information, see Publicación 17(SP), El Impuesto Federal sobre los Ingresos (Para Personas Físicas). Where can i get a 2012 tax form The rules discussed in this section that apply to Form W-4 also apply to Formulario W-4(SP). Where can i get a 2012 tax form Electronic system to receive Form W-4. Where can i get a 2012 tax form   You may establish a system to electronically receive Forms W-4 from your employees. Where can i get a 2012 tax form See Regulations section 31. Where can i get a 2012 tax form 3402(f)(5)-1(c) for more information. Where can i get a 2012 tax form Effective date of Form W-4. Where can i get a 2012 tax form   A Form W-4 remains in effect until the employee gives you a new one. Where can i get a 2012 tax form When you receive a new Form W-4 from an employee, do not adjust withholding for pay periods before the effective date of the new form. Where can i get a 2012 tax form If an employee gives you a Form W-4 that replaces an existing Form W-4, begin withholding no later than the start of the first payroll period ending on or after the 30th day from the date when you received the replacement Form W-4. Where can i get a 2012 tax form For exceptions, see Exemption from federal income tax withholding , IRS review of requested Forms W-4 , and Invalid Forms W-4 , later in this section. Where can i get a 2012 tax form A Form W-4 that makes a change for the next calendar year will not take effect in the current calendar year. Where can i get a 2012 tax form Successor employer. Where can i get a 2012 tax form   If you are a successor employer (see Successor employer , later in this section), secure new Forms W-4 from the transferred employees unless the “Alternative Procedure” in section 5 of Revenue Procedure 2004-53 applies. Where can i get a 2012 tax form See Revenue Procedure 2004-53, 2004-34 I. Where can i get a 2012 tax form R. Where can i get a 2012 tax form B. Where can i get a 2012 tax form 320, available at www. Where can i get a 2012 tax form irs. Where can i get a 2012 tax form gov/irb/2004-34_IRB/ar13. Where can i get a 2012 tax form html. Where can i get a 2012 tax form Completing Form W-4. Where can i get a 2012 tax form   The amount of any federal income tax withholding must be based on marital status and withholding allowances. Where can i get a 2012 tax form Your employees may not base their withholding amounts on a fixed dollar amount or percentage. Where can i get a 2012 tax form However, an employee may specify a dollar amount to be withheld in addition to the amount of withholding based on filing status and withholding allowances claimed on Form W-4. Where can i get a 2012 tax form Employees may claim fewer withholding allowances than they are entitled to claim. Where can i get a 2012 tax form They may wish to claim fewer allowances to ensure they have enough withholding or to offset the tax on other sources of taxable income not subject to withholding. Where can i get a 2012 tax form See Publication 505, Tax Withholding and Estimated Tax, for more information about completing Form W-4. Where can i get a 2012 tax form Along with Form W-4, you may wish to order Publication 505 for use by your employees. Where can i get a 2012 tax form Do not accept any withholding or estimated tax payments from your employees in addition to withholding based on their Form W-4. Where can i get a 2012 tax form If they require additional withholding, they should submit a new Form W-4 and, if necessary, pay estimated tax by filing Form 1040-ES, Estimated Tax for Individuals, or by using the Electronic Federal Tax Payment System (EFTPS) to make estimated tax payments. Where can i get a 2012 tax form Exemption from federal income tax withholding. Where can i get a 2012 tax form   Generally, an employee may claim exemption from federal income tax withholding because he or she had no income tax liability last year and expects none this year. Where can i get a 2012 tax form See the Form W-4 instructions for more information. Where can i get a 2012 tax form However, the wages are still subject to social security and Medicare taxes. Where can i get a 2012 tax form See also Invalid Forms W-4 , later in this section. Where can i get a 2012 tax form   A Form W-4 claiming exemption from withholding is effective when it is filed with the employer and only for that calendar year. Where can i get a 2012 tax form To continue to be exempt from withholding in the next calendar year, an employee must give you a new Form W-4 by February 15. Where can i get a 2012 tax form If the employee does not give you a new Form W-4 by February 15, begin withholding based on the last Form W-4 for the employee that did not claim an exemption from withholding or, if one was not filed, then withhold tax as if he or she is single with zero withholding allowances. Where can i get a 2012 tax form If the employee provides a new Form W-4 claiming exemption from withholding on February 16 or later, you may apply it to future wages but do not refund any taxes already withheld. Where can i get a 2012 tax form Withholding income taxes on the wages of nonresident alien employees. Where can i get a 2012 tax form   In general, you must withhold federal income taxes on the wages of nonresident alien employees. Where can i get a 2012 tax form However, see Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities, for exceptions to this general rule. Where can i get a 2012 tax form Also see section 3 of Publication 51 (Circular A), Agricultural Employer's Tax Guide, for guidance on H-2A visa workers. Where can i get a 2012 tax form Withholding adjustment for nonresident alien employees. Where can i get a 2012 tax form   For 2014, apply the procedure discussed next to figure the amount of income tax to withhold from the wages of nonresident alien employees performing services within the United States. Where can i get a 2012 tax form Nonresident alien students from India and business apprentices from India are not subject to this procedure. Where can i get a 2012 tax form Instructions. Where can i get a 2012 tax form   To figure how much income tax to withhold from the wages paid to a nonresident alien employee performing services in the United States, use the following steps. Where can i get a 2012 tax form Step 1. Where can i get a 2012 tax form   Add to the wages paid to the nonresident alien employee for the payroll period the amount shown in the chart below for the applicable payroll period. Where can i get a 2012 tax form    Amount to Add to Nonresident Alien Employee's Wages for Calculating Income Tax Withholding Only   Payroll Period Add Additional     Weekly $ 43. Where can i get a 2012 tax form 30     Biweekly 86. Where can i get a 2012 tax form 50     Semimonthly 93. Where can i get a 2012 tax form 80     Monthly 187. Where can i get a 2012 tax form 50     Quarterly 562. Where can i get a 2012 tax form 50     Semiannually 1,125. Where can i get a 2012 tax form 00     Annually 2,250. Where can i get a 2012 tax form 00     Daily or Miscellaneous (each day of the payroll period) 8. Where can i get a 2012 tax form 70   Step 2. Where can i get a 2012 tax form   Use the amount figured in Step 1 and the number of withholding allowances claimed (generally limited to one allowance) to figure income tax withholding. Where can i get a 2012 tax form Determine the value of withholding allowances by multiplying the number of withholding allowances claimed by the appropriate amount from Table 5. Where can i get a 2012 tax form Percentage Method—2014 Amount for One Withholding Allowance shown on page 41. Where can i get a 2012 tax form If you are using the Percentage Method Tables for Income Tax Withholding, provided on pages 43–44, reduce the amount figured in Step 1 by the value of withholding allowances and use that reduced amount to figure the income tax withholding. Where can i get a 2012 tax form If you are using the Wage Bracket Method for Income Tax Withholding, provided on pages 45–64, use the amount figured in Step 1 and the number of withholding allowances to figure income tax withholding. Where can i get a 2012 tax form The amounts from the chart above are added to wages solely for calculating income tax withholding on the wages of the nonresident alien employee. Where can i get a 2012 tax form The amounts from the chart should not be included in any box on the employee's Form W-2 and do not increase the income tax liability of the employee. Where can i get a 2012 tax form Also, the amounts from the chart do not increase the social security tax or Medicare tax liability of the employer or the employee, or the FUTA tax liability of the employer. Where can i get a 2012 tax form This procedure only applies to nonresident alien employees who have wages subject to income tax withholding. Where can i get a 2012 tax form Example. Where can i get a 2012 tax form An employer using the percentage method of withholding pays wages of $500 for a biweekly payroll period to a married nonresident alien employee. Where can i get a 2012 tax form The nonresident alien has properly completed Form W-4, entering marital status as “single” with one withholding allowance and indicating status as a nonresident alien on Form W-4, line 6 (see Nonresident alien employee's Form W-4 , later in this section). Where can i get a 2012 tax form The employer determines the wages to be used in the withholding tables by adding to the $500 amount of wages paid the amount of $86. Where can i get a 2012 tax form 50 from the chart under Step 1 ($586. Where can i get a 2012 tax form 50 total). Where can i get a 2012 tax form The employer then applies the applicable tables to determine the income tax withholding for nonresident aliens (see Step 2 ). Where can i get a 2012 tax form Reminder: If you use the Percentage Method Tables for Income Tax Withholding, reduce the amount figured in Step 1 by the value of withholding allowances and use that reduced amount to figure income tax withholding. Where can i get a 2012 tax form The $86. Where can i get a 2012 tax form 50 added to wages for calculating income tax withholding is not reported on Form W-2, and does not increase the income tax liability of the employee. Where can i get a 2012 tax form Also, the $86. Where can i get a 2012 tax form 50 added to wages does not affect the social security tax or Medicare tax liability of the employer or the employee, or the FUTA tax liability of the employer. Where can i get a 2012 tax form Supplemental wage payment. Where can i get a 2012 tax form   This procedure for determining the amount of income tax withholding does not apply to a supplemental wage payment (see section 7) if the 39. Where can i get a 2012 tax form 6% mandatory flat rate withholding applies or if the 25% optional flat rate withholding is being used to calculate income tax withholding on the supplemental wage payment. Where can i get a 2012 tax form Nonresident alien employee's Form W-4. Where can i get a 2012 tax form   When completing Forms W-4, nonresident aliens are required to: Not claim exemption from income tax withholding, Request withholding as if they are single, regardless of their actual marital status, Claim only one allowance (if the nonresident alien is a resident of Canada, Mexico, or South Korea, or a student or business apprentice from India, he or she may claim more than one allowance), and Write “Nonresident Alien” or “NRA” above the dotted line on line 6 of Form W-4. Where can i get a 2012 tax form   If you maintain an electronic Form W-4 system, you should provide a field for nonresident aliens to enter nonresident alien status in lieu of writing “Nonresident Alien” or “NRA” above the dotted line on line 6. Where can i get a 2012 tax form A nonresident alien employee may request additional withholding at his or her option for other purposes, although such additions should not be necessary for withholding to cover federal income tax liability related to employment. Where can i get a 2012 tax form Form 8233. Where can i get a 2012 tax form   If a nonresident alien employee claims a tax treaty exemption from withholding, the employee must submit Form 8233, Exemption From Withholding on Compensation for Independent (and Certain Dependent) Personal Services of a Nonresident Alien Individual, with respect to the income exempt under the treaty, instead of Form W-4. Where can i get a 2012 tax form See Publication 515 for details. Where can i get a 2012 tax form IRS review of requested Forms W-4. Where can i get a 2012 tax form   When requested by the IRS, you must make original Forms W-4 available for inspection by an IRS employee. Where can i get a 2012 tax form You may also be directed to send certain Forms W-4 to the IRS. Where can i get a 2012 tax form You may receive a notice from the IRS requiring you to submit a copy of Form W-4 for one or more of your named employees. Where can i get a 2012 tax form Send the requested copy or copies of Form W-4 to the IRS at the address provided and in the manner directed by the notice. Where can i get a 2012 tax form The IRS may also require you to submit copies of Form W-4 to the IRS as directed by Treasury Decision 9337, 2007-35 I. Where can i get a 2012 tax form R. Where can i get a 2012 tax form B. Where can i get a 2012 tax form 455, which is available at www. Where can i get a 2012 tax form irs. Where can i get a 2012 tax form gov/irb/2007-35_IRB/ar10. Where can i get a 2012 tax form html. Where can i get a 2012 tax form When we refer to Form W-4, the same rules apply to Formulario W-4(SP), its Spanish translation. Where can i get a 2012 tax form After submitting a copy of a requested Form W-4 to the IRS, continue to withhold federal income tax based on that Form W-4 if it is valid (see Invalid Forms W-4 , later in this section). Where can i get a 2012 tax form However, if the IRS later notifies you in writing the employee is not entitled to claim exemption from withholding or a claimed number of withholding allowances, withhold federal income tax based on the effective date, marital status, and maximum number of withholding allowances specified in the IRS notice (commonly referred to as a "lock-in letter