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Www myfreetaxes com tampa 12. Www myfreetaxes com tampa   Filing Form 720 Table of Contents Attachments to Form 720. Www myfreetaxes com tampa Conditions to allowance. Www myfreetaxes com tampa Use Form 720 to report and pay the excise taxes previously discussed in this publication. Www myfreetaxes com tampa File Form 720 for each calendar quarter until you file a final Form 720. Www myfreetaxes com tampa For information on filing Form 720 electronically, visit the IRS e-file website at www. Www myfreetaxes com tampa irs. Www myfreetaxes com tampa gov/efile. Www myfreetaxes com tampa You may be required to file your returns on a monthly or semimonthly basis instead of quarterly if you do not make deposits as required (see Payment of Taxes, later) or are liable for the excise tax on taxable fuels and meet certain conditions. Www myfreetaxes com tampa Form 720 has three parts and three schedules. Www myfreetaxes com tampa Part I consists of excise taxes generally required to be deposited (see Payment of Taxes, later). Www myfreetaxes com tampa Part II consists of excise taxes that are not required to be deposited. Www myfreetaxes com tampa Part III is used to figure your tax liability for the quarter and the amount of any balance due or overpayment. Www myfreetaxes com tampa Schedule A, Excise Tax Liability, is used to record your net tax liability for each semimonthly period in a quarter. Www myfreetaxes com tampa Complete it if you have an entry in Part I. Www myfreetaxes com tampa Schedule C, Claims, is used to make claims. Www myfreetaxes com tampa However, Schedule C can only be used if you are reporting a liability in Part I or Part II. Www myfreetaxes com tampa Schedule T, Two-Party Exchange Information Reporting, is used to report certain exchanges of taxable fuel before or in connection with the removal at the terminal rack. Www myfreetaxes com tampa Attachments to Form 720. Www myfreetaxes com tampa   You may have to attach the following forms. Www myfreetaxes com tampa Form 6197 for the gas guzzler tax. Www myfreetaxes com tampa Form 6627 for environmental taxes. Www myfreetaxes com tampa Form 720X. Www myfreetaxes com tampa   This form is used to make adjustments to Forms 720 filed in prior quarters. Www myfreetaxes com tampa You can file Form 720X by itself or, if it shows a decrease in tax, you can attach it to Form 720. Www myfreetaxes com tampa See Form 720X for more information. Www myfreetaxes com tampa Conditions to allowance. Www myfreetaxes com tampa   For tax decreases, the claimant must check the appropriate box on Form 720X stating that: For adjustments of communications or air transportation taxes, the claimant has: Repaid the tax to the person from whom it was collected, or Obtained the consent of that person to the allowance of the adjustment. Www myfreetaxes com tampa For other adjustments, the claimant has: Not included the tax in the price of the article and not collected the tax from the purchaser, Repaid the tax to the ultimate purchaser, or Attached the written consent of the ultimate purchaser to the allowance of the adjustment. Www myfreetaxes com tampa However, the conditions listed under (2) do not apply to environmental taxes, the ship passenger tax, obligations not in registered form, foreign insurance taxes, fuels used on inland waterways, cellulosic or second generation biofuel sold as but not used as fuel, biodiesel sold as fuel but not used as fuel, and certain fuel taxes if the tax was based on use (for example, dyed diesel fuel used in trains, LPG, and CNG). Www myfreetaxes com tampa Final return. Www myfreetaxes com tampa   File a final return if: You go out of business, or You will not owe excise taxes that are reportable on Form 720 in future quarters. Www myfreetaxes com tampa Due dates. Www myfreetaxes com tampa   Form 720 must be filed by the following due dates. Www myfreetaxes com tampa Quarter Covered Due Dates January, February, March April 30 April, May, June July 31 July, August, September October 31 October, November, December January 31   If any due date falls on a Saturday, Sunday, or legal holiday, you can file the return on the next business day. Www myfreetaxes com tampa One-time filing. Www myfreetaxes com tampa   If you import a gas guzzling automobile, you may be eligible to make a one-time filing using your SSN if you: Do not import gas guzzling automobiles in the course of your trade or business, and Are not required to file Form 720 reporting other excise taxes for the calendar quarter, except for a one-time filing. Www myfreetaxes com tampa   If you meet both requirements above, see Gas guzzler tax (IRS No. Www myfreetaxes com tampa 40) in the Instructions for Form 720 for how to file and pay the tax. Www myfreetaxes com tampa Payment voucher. Www myfreetaxes com tampa   Form 720-V, Payment Voucher, must be included with Form 720 if you have a balance due on line 10 of Form 720 and you are making your payment by check or money order. Www myfreetaxes com tampa Prev  Up  Next   Home   More Online Publications
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The Www Myfreetaxes Com Tampa

Www myfreetaxes com tampa 4. Www myfreetaxes com tampa   Underpayment Penalty for 2013 Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: General RuleFarmers and fishermen. Www myfreetaxes com tampa Higher income taxpayers. Www myfreetaxes com tampa Minimum required for higher income taxpayers. Www myfreetaxes com tampa Estate or trust payments of estimated tax. Www myfreetaxes com tampa Lowering or eliminating the penalty. Www myfreetaxes com tampa ExceptionsLess Than $1,000 Due No Tax Liability Last Year Figuring Your Required Annual Payment (Part I) Short Method for Figuring the Penalty (Part III) Regular Method for Figuring the Penalty (Part IV)Figuring Your Underpayment (Part IV, Section A) Worksheet for Form 2210, Part IV, Section B—Figuring the Penalty Annualized Income Installment Method (Schedule AI) Farmers and Fishermen Waiver of PenaltyFarmers and fishermen. Www myfreetaxes com tampa Introduction If you did not pay enough tax, either through withholding or by making timely estimated tax payments, you will have underpaid your estimated tax and may have to pay a penalty. Www myfreetaxes com tampa You may understand this chapter better if you can refer to a copy of your latest federal income tax return. Www myfreetaxes com tampa No penalty. Www myfreetaxes com tampa   Generally, you will not have to pay a penalty for 2013 if any of the following apply. Www myfreetaxes com tampa The total of your withholding and timely estimated tax payments was at least as much as your 2012 tax. Www myfreetaxes com tampa (See Special rules for certain individuals for higher income taxpayers and farmers and fishermen. Www myfreetaxes com tampa ) The tax balance due on your 2013 return is no more than 10% of your total 2013 tax, and you paid all required estimated tax payments on time. Www myfreetaxes com tampa Your total tax for 2013 (defined later) minus your withholding is less than $1,000. Www myfreetaxes com tampa You did not have a tax liability for 2012. Www myfreetaxes com tampa You did not have any withholding taxes and your current year tax (less any household employment taxes) is less than $1,000. Www myfreetaxes com tampa IRS can figure the penalty for you. Www myfreetaxes com tampa   If you think you owe the penalty, but you do not want to figure it yourself when you file your tax return, you may not have to. Www myfreetaxes com tampa Generally, the IRS will figure the penalty for you and send you a bill. Www myfreetaxes com tampa   You only need to figure your penalty in the following three situations. Www myfreetaxes com tampa You are requesting a waiver of part, but not all, of the penalty. Www myfreetaxes com tampa You are using the annualized income installment method to figure the penalty. Www myfreetaxes com tampa You are treating the federal income tax withheld from your income as paid on the dates actually withheld. Www myfreetaxes com tampa However, if these situations do not apply to you, and you think you can lower or eliminate your penalty, complete Form 2210 or Form 2210-F and attach it to your return. Www myfreetaxes com tampa See Form 2210 , later. Www myfreetaxes com tampa Topics - This chapter discusses: The general rule for the underpayment penalty, Special rules for certain individuals, Exceptions to the underpayment penalty, How to figure your underpayment and the amount of your penalty on Form 2210, and How to ask the IRS to waive the penalty. Www myfreetaxes com tampa Useful Items - You may want to see: Form (and Instructions) 2210 Underpayment of Estimated Tax by Individuals, Estates, and Trusts 2210-F Underpayment of Estimated Tax by Farmers and Fishermen See chapter 5 for information about getting these forms. Www myfreetaxes com tampa General Rule In general, you may owe a penalty for 2013 if the total of your withholding and timely estimated tax payments did not equal at least the smaller of: 90% of your 2013 tax, or 100% of your 2012 tax. Www myfreetaxes com tampa (Your 2012 tax return must cover a 12-month period. Www myfreetaxes com tampa ) Your 2013 tax, for this purpose, is defined under Total tax for 2013 , later. Www myfreetaxes com tampa Special rules for certain individuals. Www myfreetaxes com tampa   There are special rules for farmers and fishermen and certain higher income taxpayers. Www myfreetaxes com tampa Farmers and fishermen. Www myfreetaxes com tampa   If at least two-thirds of your gross income for 2012 or 2013 is from farming or fishing, substitute  662/3% for 90% in (1) above. Www myfreetaxes com tampa   See Farmers and Fishermen , later. Www myfreetaxes com tampa Higher income taxpayers. Www myfreetaxes com tampa   If your AGI for 2012 was more than $150,000 ($75,000 if your 2013 filing status is married filing a separate return), substitute 110% for 100% in (2) under General Rule . Www myfreetaxes com tampa This rule does not apply to farmers or fishermen. Www myfreetaxes com tampa   For 2012, AGI is the amount shown on Form 1040, line 37; Form 1040A, line 21; and Form 1040EZ, line 4. Www myfreetaxes com tampa Penalty figured separately for each period. Www myfreetaxes com tampa   Because the penalty is figured separately for each payment period, you may owe a penalty for an earlier payment period even if you later paid enough to make up the underpayment. Www myfreetaxes com tampa This is true even if you are due a refund when you file your income tax return. Www myfreetaxes com tampa Example. Www myfreetaxes com tampa You did not make estimated tax payments for 2013 because you thought you had enough tax withheld from your wages. Www myfreetaxes com tampa Early in January 2014, you made an estimate of your total 2013 tax. Www myfreetaxes com tampa Then you realized that your withholding was $2,000 less than the amount needed to avoid a penalty for underpayment of estimated tax. Www myfreetaxes com tampa On January 10, you made an estimated tax payment of $3,000, which is the difference between your withholding and your estimate of your total tax. Www myfreetaxes com tampa Your final return shows your total tax to be $50 less than your estimate, so you are due a refund. Www myfreetaxes com tampa You do not owe a penalty for your payment due January 15, 2014. Www myfreetaxes com tampa However, you may owe a penalty through January 10, 2014, the day you made the $3,000 payment, for your underpayments for the earlier payment periods. Www myfreetaxes com tampa Minimum required each period. Www myfreetaxes com tampa   You will owe a penalty for any 2013 payment period for which your estimated tax payment plus your withholding for the period and overpayments applied from previous periods was less than the smaller of: 22. Www myfreetaxes com tampa 5% of your 2013 tax, or 25% of your 2012 tax. Www myfreetaxes com tampa (Your 2012 tax return must cover a 12-month period. Www myfreetaxes com tampa ) Minimum required for higher income taxpayers. Www myfreetaxes com tampa   If you are subject to the rule for higher income taxpayers, discussed above, substitute 27. Www myfreetaxes com tampa 5% for 25% in (2) under General Rule . Www myfreetaxes com tampa When penalty is charged. Www myfreetaxes com tampa   If you miss a payment or you paid less than the minimum required in a period, you may be charged an underpayment penalty from the date the amount was due to the date the payment is made. Www myfreetaxes com tampa If a payment is mailed, the date of the U. Www myfreetaxes com tampa S. Www myfreetaxes com tampa postmark is considered the date of payment. Www myfreetaxes com tampa   If a payment is made electronically, the date the payment is shown on your payment account (checking, savings, etc. Www myfreetaxes com tampa ) is considered to be the date of payment. Www myfreetaxes com tampa Estate or trust payments of estimated tax. Www myfreetaxes com tampa   If you have estimated taxes credited to you from an estate or trust (Schedule K-1 (Form 1041)), treat the payment as made by you on January 15, 2014. Www myfreetaxes com tampa Amended returns. Www myfreetaxes com tampa    If you file an amended return by the due date of your original return, use the tax shown on your amended return to figure your required estimated tax payments. Www myfreetaxes com tampa If you file an amended return after the due date of the original return, use the tax shown on the original return. Www myfreetaxes com tampa   However, if you and your spouse file a joint return after the due date to replace separate returns you originally filed by the due date, use the tax shown on the joint return to figure your required estimated tax payments. Www myfreetaxes com tampa This rule applies only if both original separate returns were filed on time. Www myfreetaxes com tampa 2012 separate returns and 2013 joint return. Www myfreetaxes com tampa    If you file a joint return with your spouse for 2013, but you filed separate returns for 2012, your 2012 tax is the total of the tax shown on your separate returns. Www myfreetaxes com tampa You filed a separate return if you filed as single, head of household, or married filing separately. Www myfreetaxes com tampa 2012 joint return and 2013 separate returns. Www myfreetaxes com tampa    If you file a separate return for 2013, but you filed a joint return with your spouse for 2012, your 2012 tax is your share of the tax on the joint return. Www myfreetaxes com tampa You are filing a separate return if you file as single, head of household, or married filing separately. Www myfreetaxes com tampa   To figure your share of the taxes on a joint return, first figure the tax both you and your spouse would have paid had you filed separate returns for 2012 using the same filing status as for 2013. Www myfreetaxes com tampa Then multiply the tax on the joint return by the following fraction. Www myfreetaxes com tampa   The tax you would have paid had you filed a separate return   The total tax you and your spouse would have paid had you filed separate returns Example. Www myfreetaxes com tampa Lisa and Paul filed a joint return for 2012 showing taxable income of $49,000 and a tax of $6,484. Www myfreetaxes com tampa Of the $49,000 taxable income, $41,000 was Lisa's and the rest was Paul's. Www myfreetaxes com tampa For 2013, they file married filing separately. Www myfreetaxes com tampa Lisa figures her share of the tax on the 2012 joint return as follows. Www myfreetaxes com tampa 2012 tax on $41,000 based on a separate return $ 6,286 2012 tax on $8,000 based on a  separate return 803 Total $ 7,089 Lisa's percentage of total tax  ($6,286 ÷ $ 7,089) 88. Www myfreetaxes com tampa 67% Lisa's part of tax on joint return ($6,484 × 88. Www myfreetaxes com tampa 67%) $ 5,749 Form 2210. Www myfreetaxes com tampa   In most cases, you do not need to file Form 2210. Www myfreetaxes com tampa The IRS will figure the penalty for you and send you a bill. Www myfreetaxes com tampa If you want us to figure the penalty for you, leave the penalty line on your return blank. Www myfreetaxes com tampa Do not file Form 2210. Www myfreetaxes com tampa   To determine if you should file Form 2210, see Part II of Form 2210. Www myfreetaxes com tampa If you decide to figure your penalty, complete Part I, Part II, and either Part III or Part IV of the form and the Penalty Worksheet in the Instructions for Form 2210. Www myfreetaxes com tampa If you use Form 2210, you cannot file Form 1040EZ. Www myfreetaxes com tampa   On Form 1040, enter the amount of your penalty on line 77. Www myfreetaxes com tampa If you owe tax on line 76, add the penalty to your tax due and show your total payment on line 76. Www myfreetaxes com tampa If you are due a refund, subtract the penalty from the overpayment and enter the result on line 73. Www myfreetaxes com tampa   On Form 1040A, enter the amount of your penalty on line 46. Www myfreetaxes com tampa If you owe tax on line 45, add the penalty to your tax due and show your total payment on line 45. Www myfreetaxes com tampa If you are due a refund, subtract the penalty from the overpayment and enter the result on line 42. Www myfreetaxes com tampa Lowering or eliminating the penalty. Www myfreetaxes com tampa    You may be able to lower or eliminate your penalty if you file Form 2210. Www myfreetaxes com tampa You must file Form 2210 with your return if any of the following applies. Www myfreetaxes com tampa You request a waiver. Www myfreetaxes com tampa See Waiver of Penalty , later. Www myfreetaxes com tampa You use the annualized income installment method. Www myfreetaxes com tampa See the explanation of this method under Annualized Income Installment Method (Schedule AI) . Www myfreetaxes com tampa You use your actual withholding for each payment period for estimated tax purposes. Www myfreetaxes com tampa See Actual withholding method under Figuring Your Underpayment (Part IV, Section A). Www myfreetaxes com tampa You base any of your required installments on the tax shown on your 2012 return and you filed or are filing a joint return for either 2012 or 2013, but not for both years. Www myfreetaxes com tampa Exceptions Generally, you do not have to pay an underpayment penalty if either: Your total tax is less than $1,000, or You had no tax liability last year. Www myfreetaxes com tampa Less Than $1,000 Due You do not owe a penalty if the total tax shown on your return minus the amount you paid through withholding (including excess social security and tier 1 railroad retirement (RRTA) tax withholding) is less than $1,000. Www myfreetaxes com tampa Total tax for 2013. Www myfreetaxes com tampa   For 2013, your total tax on Form 1040 is the amount on line 61 reduced by the following. Www myfreetaxes com tampa    Unreported social security and Medicare tax or RRTA tax from Forms 4137 or 8919 (line 57). Www myfreetaxes com tampa Any tax included on line 58 for excess contributions to IRAs, Archer MSAs, Coverdell education savings accounts, and health savings accounts, or any tax on excess accumulations in qualified retirement plans. Www myfreetaxes com tampa The following write-ins on line 60: Uncollected social security and Medicare tax or RRTA tax on tips or group-term life insurance, Tax on excess golden parachute payments, Excise tax on insider stock compensation from an expatriated corporation, Look-back interest due under section 167(g), Look-back interest due under section 460(b), Recapture of federal mortgage subsidy, and Additional tax on advance payments of health coverage tax credit when not eligible. Www myfreetaxes com tampa Any refundable credit amounts listed on lines 64a, 65, 66, 70, and any credit from Form 8885 included on line 71. Www myfreetaxes com tampa   If you filed Form 1040A, your 2013 total tax is the amount on line 35 reduced by any refundable credits on lines 38a, 39, and 40. Www myfreetaxes com tampa   If you filed Form 1040EZ, your 2013 total tax is the amount on line 10 reduced by the amount on line 8a. Www myfreetaxes com tampa Note. Www myfreetaxes com tampa When figuring the amount on line 60, include household employment taxes only if you had federal income tax withheld from your income or you would owe the penalty even if you did not include those taxes. Www myfreetaxes com tampa Paid through withholding. Www myfreetaxes com tampa    For 2013, the amount you paid through withholding on Form 1040 is the amount on line 62 plus any excess social security or tier 1 RRTA tax withholding on line 69. Www myfreetaxes com tampa Add to that any write-in amount on line 72 identified as “Form 8689. Www myfreetaxes com tampa ” On Form 1040A, the amount you paid through withholding is the amount on line 36 plus any excess social security or tier 1 RRTA tax withholding included on line 41. Www myfreetaxes com tampa On Form 1040EZ, it is the amount on line 7. Www myfreetaxes com tampa No Tax Liability Last Year You do not owe a penalty if you had no tax liability last year and you were a U. Www myfreetaxes com tampa S. Www myfreetaxes com tampa citizen or resident for the whole year. Www myfreetaxes com tampa For this rule to apply, your tax year must have included all 12 months of the year. Www myfreetaxes com tampa You had no tax liability for 2012 if your total tax was zero or you were not required to file an income tax return. Www myfreetaxes com tampa Example. Www myfreetaxes com tampa Ray, who is single and 22 years old, was unemployed for a few months during 2012. Www myfreetaxes com tampa He earned $6,700 in wages before he was laid off, and he received $1,400 in unemployment compensation afterwards. Www myfreetaxes com tampa He had no other income. Www myfreetaxes com tampa Even though he had gross income of $8,100, he did not have to pay income tax because his gross income was less than the filing requirement for a single person under age 65 ($9,750 for 2012). Www myfreetaxes com tampa He filed a return only to have his withheld income tax refunded to him. Www myfreetaxes com tampa In 2013, Ray began regular work as an independent contractor. Www myfreetaxes com tampa Ray made no estimated tax payments in 2013. Www myfreetaxes com tampa Even though he did owe tax at the end of the year, Ray does not owe the underpayment penalty for 2013 because he had no tax liability in 2012. Www myfreetaxes com tampa Total tax for 2012. Www myfreetaxes com tampa   For 2012, your total tax on Form 1040 is the amount on line 61 reduced by the following. Www myfreetaxes com tampa    Unreported social security and Medicare tax or RRTA tax from Forms 4137 or 8919 (line 57). Www myfreetaxes com tampa Any tax included on line 58 for excess contributions to IRAs, Archer MSAs, Coverdell education savings accounts, and health savings accounts, or any tax on excess accumulations in qualified retirement plans. Www myfreetaxes com tampa The following write-ins on line 60: Uncollected social security and Medicare tax or RRTA tax on tips or group-term life insurance, Tax on excess golden parachute payments, Excise tax on insider stock compensation from an expatriated corporation, Look-back interest due under section 167(g), Look-back interest due under section 460(b), Recapture of federal mortgage subsidy, and Additional tax on advance payments of health coverage tax credit when not eligible. Www myfreetaxes com tampa Any refundable credit amounts listed on lines 64a, 65, 66, 70, and credits from Forms 8801 (line 27 only), and 8885 included on line 71. Www myfreetaxes com tampa   If you filed Form 1040A, your 2012 total tax is the amount on line 35 reduced by any refundable credits on lines 38a, 39, and 40. Www myfreetaxes com tampa   If you filed Form 1040EZ, your 2012 total tax is the amount on line 11 reduced by the amount on line 8a. Www myfreetaxes com tampa Figuring Your Required Annual Payment (Part I) Figure your required annual payment in Part I of Form 2210, following the line-by-line instructions. Www myfreetaxes com tampa If you rounded the entries on your tax return to whole dollars, you can round on Form 2210. Www myfreetaxes com tampa Example. Www myfreetaxes com tampa The tax on Lori Lane's 2012 return was $12,400. Www myfreetaxes com tampa Her AGI was not more than $150,000 for either 2012 or 2013. Www myfreetaxes com tampa The tax on her 2013 return (Form 1040, line 55) is $13,044. Www myfreetaxes com tampa Line 56 (self-employment tax) is $8,902. Www myfreetaxes com tampa Her 2013 total tax is $21,946. Www myfreetaxes com tampa For 2013, Lori had $1,600 income tax withheld and made four equal estimated tax payments ($1,000 each). Www myfreetaxes com tampa 90% of her 2013 tax is $19,751. Www myfreetaxes com tampa Because she paid less than her 2012 tax ($12,400) and less than 90% of her 2013 tax ($19,751), and does not meet an exception, Lori knows that she owes a penalty for underpayment of estimated tax. Www myfreetaxes com tampa The IRS will figure the penalty for Lori, but she decides to figure it herself on Form 2210 and pay it with her taxes when she files her tax return. Www myfreetaxes com tampa Lori's required annual payment is $12,400 (100% of 2012 tax) because that is smaller than 90% of her 2013 tax. Www myfreetaxes com tampa Different 2012 filing status. Www myfreetaxes com tampa    If you file a separate return for 2013, but you filed a joint return with your spouse for 2012, see 2012 joint return and 2013 separate returns , earlier, to figure the amount to enter as your 2012 tax on line 8 of Form 2210. Www myfreetaxes com tampa Short Method for Figuring the Penalty (Part III) You may be able to use the short method in Part III of Form 2210 to figure your penalty for underpayment of estimated tax. Www myfreetaxes com tampa If you qualify to use this method, it will result in the same penalty amount as the regular method. Www myfreetaxes com tampa However, either the annualized income installment method or the actual withholding method, explained later, may result in a smaller penalty. Www myfreetaxes com tampa You can use the short method only if you meet one of the following requirements. Www myfreetaxes com tampa You made no estimated tax payments for 2013 (it does not matter whether you had income tax withholding). Www myfreetaxes com tampa You paid the same amount of estimated tax on each of the four payment due dates. Www myfreetaxes com tampa If you do not meet either requirement, figure your penalty using the regular method in Part IV of Form 2210 and the Penalty Worksheet in the instructions. Www myfreetaxes com tampa Note. Www myfreetaxes com tampa If any payment was made before the due date, you can use the short method, but the penalty may be less if you use the regular method. Www myfreetaxes com tampa However, if the payment was only a few days early, the difference is likely to be small. Www myfreetaxes com tampa You cannot use the short method if any of the following apply. Www myfreetaxes com tampa You made any estimated tax payments late. Www myfreetaxes com tampa You checked box C or D in Part II of Form 2210. Www myfreetaxes com tampa You are filing Form 1040NR or 1040NR-EZ and you did not receive wages as an employee subject to U. Www myfreetaxes com tampa S. Www myfreetaxes com tampa income tax withholding. Www myfreetaxes com tampa If you use the short method, you cannot use the annualized income installment method to figure your underpayment for each payment period. Www myfreetaxes com tampa Also, you cannot use your actual withholding during each period to figure your payments for each period. Www myfreetaxes com tampa These methods, which may give you a smaller penalty amount, are explained under Figuring Your Underpayment (Part IV, Section A). Www myfreetaxes com tampa Complete Part III of Form 2210 following the line-by-line instructions in the Instructions for Form 2210. Www myfreetaxes com tampa Regular Method for Figuring the Penalty (Part IV) You can use the regular method in Part IV of Form 2210 to figure your penalty for underpayment of estimated tax if you paid one or more estimated tax payments earlier than the due date. Www myfreetaxes com tampa You must use the regular method in Part IV of Form 2210 to figure your penalty for underpayment of estimated tax if any of the following apply to you. Www myfreetaxes com tampa You paid one or more estimated tax payments on a date after the due date. Www myfreetaxes com tampa You paid at least one, but less than four, installments of estimated tax. Www myfreetaxes com tampa You paid estimated tax payments in un- equal amounts. Www myfreetaxes com tampa You use the annualized income installment method to figure your underpayment for each payment period. Www myfreetaxes com tampa You use your actual withholding during each payment period to figure your payments. Www myfreetaxes com tampa Under the regular method, figure your underpayment for each payment period in Section A, then figure your penalty using the Penalty Worksheet in the Instructions for Form 2210. Www myfreetaxes com tampa Enter the results on line 27 of Section B. Www myfreetaxes com tampa Figuring Your Underpayment (Part IV, Section A) Figure your underpayment of estimated tax for each payment period in Section A following the line-by-line instructions in the Instructions for Form 2210. Www myfreetaxes com tampa Complete lines 20 through 26 of the first column before going to line 20 of the next column. Www myfreetaxes com tampa Required installments—line 18. Www myfreetaxes com tampa   Your required payment for each payment period (line 18) is usually one-fourth of your required annual payment (Part I, line 9). Www myfreetaxes com tampa This method—the regular method—is the one to use if you received your income evenly throughout the year. Www myfreetaxes com tampa   However, if you did not receive your income evenly throughout the year, you may be able to lower or eliminate your penalty by figuring your underpayment using the annualized income installment method. Www myfreetaxes com tampa First complete Schedule AI (Form 2210), then enter the amounts from line 25 of that schedule on line 18 of Form 2210, Part IV. Www myfreetaxes com tampa See Annualized Income Installment Method (Schedule AI), later. Www myfreetaxes com tampa Payments made—line 19. Www myfreetaxes com tampa   Enter in each column the total of: Your estimated tax paid after the due date for the previous column and by the due date shown at the top of the column, and One-fourth of your withholding. Www myfreetaxes com tampa For special rules for figuring your payments, see Form 2210 instructions for line 19. Www myfreetaxes com tampa   If you file Form 1040, your withholding is the amount on line 62, plus any excess social security or tier 1 RRTA tax withholding on line 69. Www myfreetaxes com tampa If you file Form 1040A, your withholding is the amount on line 36 plus any excess social security or tier 1 RRTA tax withholding included in line 41. Www myfreetaxes com tampa Actual withholding method. Www myfreetaxes com tampa    Instead of using one-fourth of your withholding for each quarter, you can choose to use the amounts actually withheld by each due date. Www myfreetaxes com tampa You can make this choice separately for the tax withheld from your wages and for all other withholding. Www myfreetaxes com tampa This includes any excess social security and tier 1 RRTA tax withheld. Www myfreetaxes com tampa   Using your actual withholding may result in a smaller penalty if most of your withholding occurred early in the year. Www myfreetaxes com tampa   If you use your actual withholding, you must check box D in Form 2210, Part II. Www myfreetaxes com tampa Then complete Form 2210 using the regular method (Part IV) and file it with your return. Www myfreetaxes com tampa Worksheet for Form 2210, Part IV, Section B—Figuring the Penalty Figure the amount of your penalty for Section B using the Penalty Worksheet in the Form 2210 instructions. Www myfreetaxes com tampa The penalty is imposed on each underpayment amount shown on Form 2210, Section A, line 25, for the number of days that it remained unpaid. Www myfreetaxes com tampa For 2013, there are four rate periods—April 16 through June 30, July 1 through September 30, October 1 through December 31, and January 1, 2014 through April 15, 2014. Www myfreetaxes com tampa A 3% rate applies to all four periods. Www myfreetaxes com tampa Payments. Www myfreetaxes com tampa    Before completing the Penalty Worksheet, it may be helpful to make a list of the payments you made and income tax withheld after the due date (or the last day payments could be made on time) for the earliest payment period an underpayment occurred. Www myfreetaxes com tampa For example, if you had an underpayment for the first payment period, list your payments after April 15, 2013. Www myfreetaxes com tampa You can use the table in the Form 2210 instructions to make your list. Www myfreetaxes com tampa Follow those instructions for listing income tax withheld and payments made with your return. Www myfreetaxes com tampa Use the list to determine when each underpayment was paid. Www myfreetaxes com tampa   If you mail your estimated tax payments, use the date of the U. Www myfreetaxes com tampa S. Www myfreetaxes com tampa postmark as the date of payment. Www myfreetaxes com tampa Line 1b. Www myfreetaxes com tampa   Apply the payments listed to underpayment balance in the first column until it is fully paid. Www myfreetaxes com tampa Apply payments in the order made. Www myfreetaxes com tampa Figuring the penalty. Www myfreetaxes com tampa   If an underpayment was paid in two or more payments on different dates, you must figure the penalty separately for each payment. Www myfreetaxes com tampa On line 3 of the Penalty Worksheet enter the number of days between the due date (line 2) and the date of each payment on line 1b. Www myfreetaxes com tampa On line 4 figure the penalty for the amount of each payment applied on line 1b or the amount remaining unpaid. Www myfreetaxes com tampa If no payments are applied, figure the penalty on the amount on line 1a. Www myfreetaxes com tampa Aid for counting days. Www myfreetaxes com tampa    Table 4-1 provides a simple method for counting the number of days between a due date and a payment date. Www myfreetaxes com tampa Find the number for the date the payment was due by going across to the column of the month the payment was due and moving down the column to the due date. Www myfreetaxes com tampa In the same manner, find the number for the date the payment was made. Www myfreetaxes com tampa Subtract the due date “number” from the payment date “number. Www myfreetaxes com tampa ”   For example, if a payment was due on June 15 (61), but was not paid until September 1 (139), the payment was 78 (139 – 61) days late. Www myfreetaxes com tampa Table 4-1. Www myfreetaxes com tampa Calendar To Determine the Number of Days a Payment Is Late Instructions. Www myfreetaxes com tampa Use this table with Form 2210 if you are completing Part IV, Section B. Www myfreetaxes com tampa First, find the number for the payment due date by going across to the column of the month the payment was due and moving down the column to the due date. Www myfreetaxes com tampa Then, in the same manner, find the number for the date the payment was made. Www myfreetaxes com tampa Finally, subtract the due date number from the payment date number. Www myfreetaxes com tampa The result is the number of days the payment is late. Www myfreetaxes com tampa Example. Www myfreetaxes com tampa The payment due date is June 15 (61). Www myfreetaxes com tampa The payment was made on November 4 (203). Www myfreetaxes com tampa The payment is 142 days late (203 – 61). Www myfreetaxes com tampa Tax Year 2013 Day of 2013 2013 2013 2013 2013 2013 2013 2013 2013 2014 2014 2014 2014 Month April May June July Aug. Www myfreetaxes com tampa Sept. Www myfreetaxes com tampa Oct. Www myfreetaxes com tampa Nov. Www myfreetaxes com tampa Dec. Www myfreetaxes com tampa Jan. Www myfreetaxes com tampa Feb. Www myfreetaxes com tampa Mar. Www myfreetaxes com tampa Apr. Www myfreetaxes com tampa 1   16 47 77 108 139 169 200 230 261 292 320 351 2   17 48 78 109 140 170 201 231 262 293 321 352 3   18 49 79 110 141 171 202 232 263 294 322 353 4   19 50 80 111 142 172 203 233 264 295 323 354 5   20 51 81 112 143 173 204 234 265 296 324 355 6   21 52 82 113 144 174 205 235 266 297 325 356 7   22 53 83 114 145 175 206 236 267 298 326 357 8   23 54 84 115 146 176 207 237 268 299 327 358 9   24 55 85 116 147 177 208 238 269 300 328 359 10   25 56 86 117 148 178 209 239 270 301 329 360 11   26 57 87 118 149 179 210 240 271 302 330 361 12   27 58 88 119 150 180 211 241 272 303 331 362 13   28 59 89 120 151 181 212 242 273 304 332 363 14   29 60 90 121 152 182 213 243 274 305 333 364 15 0 30 61 91 122 153 183 214 244 275 306 334 365 16 1 31 62 92 123 154 184 215 245 276 307 335   17 2 32 63 93 124 155 185 216 246 277 308 336   18 3 33 64 94 125 156 186 217 247 278 309 337   19 4 34 65 95 126 157 187 218 248 279 310 338   20 5 35 66 96 127 158 188 219 249 280 311 339   21 6 36 67 97 128 159 189 220 250 281 312 340   22 7 37 68 98 129 160 190 221 251 282 313 341   23 8 38 69 99 130 161 191 222 252 283 314 342   24 9 39 70 100 131 162 192 223 253 284 315 343   25 10 40 71 101 132 163 193 224 254 285 316 344   26 11 41 72 102 133 164 194 225 255 286 317 345   27 12 42 73 103 134 165 195 226 256 287 318 346   28 13 43 74 104 135 166 196 227 257 288 319 347   29 14 44 75 105 136 167 197 228 258 289   348   30 15 45 76 106 137 168 198 229 259 290   349   31   46   107 138   199   260 291   350   Annualized Income Installment Method (Schedule AI) If you did not receive your income evenly throughout the year (for example, your income from a shop you operated at a marina was much larger in the summer than it was during the rest of the year), you may be able to lower or eliminate your penalty by figuring your underpayment using the annualized income installment method. Www myfreetaxes com tampa Under this method, your required installment (Part IV, line 18) for one or more payment periods may be less than one-fourth of your required annual payment. Www myfreetaxes com tampa To figure your underpayment using this method, complete Form 2210, Schedule AI. Www myfreetaxes com tampa Schedule AI annualizes your tax at the end of each payment period based on your income, deductions, and other items relating to events that occurred from the beginning of the tax year through the end of the period. Www myfreetaxes com tampa If you use the annualized income installment method, you must check box C in Part II of Form 2210. Www myfreetaxes com tampa Also, you must attach Form 2210 and Schedule AI to your return. Www myfreetaxes com tampa If you use Schedule AI for any payment due date, you must use it for all payment due dates. Www myfreetaxes com tampa Completing Schedule AI. Www myfreetaxes com tampa   Follow the Form 2210 instructions to complete Schedule AI. Www myfreetaxes com tampa For each period shown on Schedule AI, figure your income and deductions based on your method of accounting. Www myfreetaxes com tampa If you use the cash method of accounting (used by most people), include all income actually or constructively received during the period and all deductions actually paid during the period. Www myfreetaxes com tampa Note. Www myfreetaxes com tampa Each period includes amounts from the previous period(s). Www myfreetaxes com tampa Period (a) includes items for January 1 through March 31. Www myfreetaxes com tampa Period (b) includes items for January 1 through May 31. Www myfreetaxes com tampa Period (c) includes items for January 1 through August 31. Www myfreetaxes com tampa Period (d) includes items for the entire year. Www myfreetaxes com tampa Farmers and Fishermen If you are a farmer or fisherman, the following special rules for underpayment of estimated tax apply to you. Www myfreetaxes com tampa The penalty for underpaying your 2013 estimated tax will not apply if you file your return and pay all the tax due by March 3, 2014. Www myfreetaxes com tampa If you are a fiscal year taxpayer, the penalty will not apply if you file your return and pay the tax due by the first day of the third month after the end of your tax year. Www myfreetaxes com tampa Any penalty you owe for underpaying your 2013 estimated tax will be figured from one payment due date, January 15, 2014. Www myfreetaxes com tampa The underpayment penalty for 2013 is figured on the difference between the amount of 2013 withholding plus estimated tax paid by the due date and the smaller of: 662/3% (rather than 90%) of your 2013 tax, or 100% of the tax shown on your 2012 return. Www myfreetaxes com tampa Even if these special rules apply to you, you will not owe the penalty if you meet either of the two conditions discussed under Exceptions . Www myfreetaxes com tampa See Who Must Pay Estimated Tax in chapter 2 for the definition of a farmer or fisherman who is eligible for these special rules. Www myfreetaxes com tampa Form 2210-F. Www myfreetaxes com tampa   Use Form 2210-F to figure any underpayment penalty. Www myfreetaxes com tampa Do not attach it to your return unless you check a box in Part I. Www myfreetaxes com tampa However, if none of the boxes apply to you and you owe a penalty, you do not need to attach Form 2210-F. Www myfreetaxes com tampa Enter the amount from line 16 on Form 1040, line 77 and add the penalty to any balance due on your return or subtract it from your refund. Www myfreetaxes com tampa Keep your filled-in Form 2210-F for your records. Www myfreetaxes com tampa    If none of the boxes on Form 2210-F apply to you and you owe a penalty, the IRS can figure your penalty and send you a bill. Www myfreetaxes com tampa Waiver of Penalty The IRS can waive the penalty for underpayment if either of the following applies. Www myfreetaxes com tampa You did not make a payment because of a casualty, disaster, or other unusual circumstance and it would be inequitable to impose the penalty. Www myfreetaxes com tampa You retired (after reaching age 62) or became disabled in 2012 or 2013 and both the following requirements are met. Www myfreetaxes com tampa You had a reasonable cause for not making the payment. Www myfreetaxes com tampa Your underpayment was not due to willful neglect. Www myfreetaxes com tampa How to request a waiver. Www myfreetaxes com tampa   To request a waiver, see the Instructions for Form 2210. Www myfreetaxes com tampa Farmers and fishermen. Www myfreetaxes com tampa   To request a waiver, see the Instructions for Form 2210-F. Www myfreetaxes com tampa Federally declared disaster. Www myfreetaxes com tampa   Certain estimated tax payment deadlines for taxpayers who reside or have a business in a federally declared disaster area are postponed for a period during and after the disaster. Www myfreetaxes com tampa During the processing of your tax return, the IRS automatically identifies taxpayers located in a covered disaster area (by county or parish) and applies the appropriate penalty relief. Www myfreetaxes com tampa Do not file Form 2210 or 2210-F if your underpayment was due to a federally declared disaster. Www myfreetaxes com tampa If you still owe a penalty after the automatic waiver is applied, we will send you a bill. Www myfreetaxes com tampa   Individuals, estates, and trusts not in a covered disaster area but whose books, records, or tax professionals' offices are in a covered area are also entitled to relief. Www myfreetaxes com tampa Also eligible are relief workers affiliated with a recognized government or charitable organization assisting in the relief activities in a covered disaster area. Www myfreetaxes com tampa If you meet either of these eligibility requirements, you must call the IRS disaster hotline at 1-866-562-5227 and identify yourself as eligible for this relief. Www myfreetaxes com tampa   Details on the applicable disaster postponement period can be found at IRS. Www myfreetaxes com tampa gov. Www myfreetaxes com tampa Enter Tax Relief in Disaster Situations. Www myfreetaxes com tampa Select the federally declared disaster that affected you. Www myfreetaxes com tampa    Worksheet 4-1. Www myfreetaxes com tampa 2013 Form 2210, Schedule AI—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Note. Www myfreetaxes com tampa To figure the annualized entries for lines 2, 3, and 5 below, multiply the expected amount for the period by the  annualization amount on line 2 of Schedule AI for the same period. Www myfreetaxes com tampa                   1. Www myfreetaxes com tampa Enter line 11 of your Schedule AI, or line 3 from Worksheet 4-2 1. Www myfreetaxes com tampa       2. Www myfreetaxes com tampa Enter your annualized qualified dividends for the period 2. Www myfreetaxes com tampa           3. Www myfreetaxes com tampa Are you filing Schedule D?               □ Yes. Www myfreetaxes com tampa Enter the smaller of your annualized amount from line 15 or line 16 of Schedule D. Www myfreetaxes com tampa If either line 15 or line 16 is blank or a loss, enter -0-. Www myfreetaxes com tampa 3. Www myfreetaxes com tampa             □ No. Www myfreetaxes com tampa Enter your annualized capital gain distributions from Form 1040, line 13             4. Www myfreetaxes com tampa Add lines 2 and 3   4. Www myfreetaxes com tampa           5. Www myfreetaxes com tampa If you are claiming investment interest expense on Form 4952, enter your annualized amount from line 4g of that form. Www myfreetaxes com tampa Otherwise, enter -0-   5. Www myfreetaxes com tampa           6. Www myfreetaxes com tampa Subtract line 5 from line 4. Www myfreetaxes com tampa If zero or less, enter -0- 6. Www myfreetaxes com tampa       7. Www myfreetaxes com tampa Subtract line 6 from line 1. Www myfreetaxes com tampa If zero or less, enter -0- 7. Www myfreetaxes com tampa       8. Www myfreetaxes com tampa Enter: $36,900 if single or married filing separately, $73,800 if married filing jointly or qualifying widow(er), $49,400 if head of household. Www myfreetaxes com tampa 8. Www myfreetaxes com tampa       9. Www myfreetaxes com tampa Enter the smaller of line 1 or line 8 9. Www myfreetaxes com tampa       10. Www myfreetaxes com tampa Enter the smaller of line 7 or line 9 10. Www myfreetaxes com tampa       11. Www myfreetaxes com tampa Subtract line 10 from line 9. Www myfreetaxes com tampa This amount is taxed at 0% 11. Www myfreetaxes com tampa       12. Www myfreetaxes com tampa Enter the smaller of line 1 or line 6 12. Www myfreetaxes com tampa       13. Www myfreetaxes com tampa Enter the amount from line 11 13. Www myfreetaxes com tampa       14. Www myfreetaxes com tampa Subtract line 13 from line 12 14. Www myfreetaxes com tampa       15. Www myfreetaxes com tampa Multiply line 14 by 15% (. Www myfreetaxes com tampa 15) 15. Www myfreetaxes com tampa   16. Www myfreetaxes com tampa Figure the tax on the amount on line 7. Www myfreetaxes com tampa If the amount on line 7 is less than $100,000, use the Tax Table in the 2013 Form 1040 instructions to figure this tax. Www myfreetaxes com tampa If the amount on line 7 is $100,000 or more, use the Tax Computation Worksheet in the 2013 Form 1040 instructions 16. Www myfreetaxes com tampa   17. Www myfreetaxes com tampa Add lines 15 and 16 17. Www myfreetaxes com tampa   18. Www myfreetaxes com tampa Figure the tax on the amount on line 1. Www myfreetaxes com tampa If the amount on line 1 is less than $100,000, use the Tax Table in the 2013 Form 1040 instructions to figure this tax. Www myfreetaxes com tampa If the amount on line 1 is $100,000 or more, use the Tax Computation Worksheet in the 2013 Form 1040 instructions 18. Www myfreetaxes com tampa   19. Www myfreetaxes com tampa Tax on all taxable income. Www myfreetaxes com tampa Enter the smaller of line 17 or line 18. Www myfreetaxes com tampa Also enter this amount on line 12 of Schedule AI in the appropriate column. Www myfreetaxes com tampa However, if you are using this worksheet to figure the tax on the amount on line 3 of Worksheet 4-2, enter the amount from line 19 on Worksheet 4-2, line 4 19. Www myfreetaxes com tampa   Worksheet 4-2. Www myfreetaxes com tampa 2013 Form 2210, Schedule AI—Line 12 Foreign Earned Income Tax Worksheet Before you begin:If Schedule AI, line 11, is zero for the period, do not complete this worksheet. Www myfreetaxes com tampa             1. Www myfreetaxes com tampa Enter the amount from line 11 of Schedule AI for the period 1. Www myfreetaxes com tampa   2. Www myfreetaxes com tampa Enter the annualized amount* of foreign earned income and housing amount excluded or deducted (from  Form 2555, lines 45 and 50, or Form 2555-EZ, line 18) in figuring the amount entered for the period on line 1  of Schedule AI 2. Www myfreetaxes com tampa   3. Www myfreetaxes com tampa Add lines 1 and 2 3. Www myfreetaxes com tampa   4. Www myfreetaxes com tampa Tax on the amount on line 3. Www myfreetaxes com tampa Use the Tax Table, Tax Computation Worksheet, Form 8615**, Qualified Dividends and Capital Gain Tax Worksheet***, or Schedule D Tax Worksheet***, whichever applies. Www myfreetaxes com tampa See the 2013 Instructions for Form 1040, line 44, to find out which tax computation method to use. Www myfreetaxes com tampa (Note. Www myfreetaxes com tampa You do not have to use the same method for each period on Schedule AI. Www myfreetaxes com tampa ) 4. Www myfreetaxes com tampa   5. Www myfreetaxes com tampa Tax on the amount on line 2. Www myfreetaxes com tampa If the amount on line 2 is less than $100,000, use the Tax Table in the 2013 Form 1040 instructions to figure this tax. Www myfreetaxes com tampa If the amount on line 7 is $100,000 or more, use the Tax Computation Worksheet in the 2013 Form 1040 instructions 5. Www myfreetaxes com tampa   6. Www myfreetaxes com tampa Subtract line 5 from line 4. Www myfreetaxes com tampa Enter the result here and on line 12 of Schedule AI. Www myfreetaxes com tampa If zero or less,  enter -0- 6. Www myfreetaxes com tampa             * To figure the annualized amount for line 2, multiply the exclusion or deduction for the period by the annualization amount on line 2 of Schedule AI for the same period. Www myfreetaxes com tampa     ** If you use Form 8615 to figure the tax on line 4 above, enter the amount from line 3 above on line 4 of Form 8615. Www myfreetaxes com tampa If the child's parent files Form 2555 or 2555-EZ, enter the amounts from lines 3 and 4 of the parent's Foreign Earned Income Tax Worksheet on lines 6 and 10, respectively, of Form 8615. Www myfreetaxes com tampa Complete the rest of Form 8615 according to its instructions. Www myfreetaxes com tampa Then complete lines 5 and 6 above. Www myfreetaxes com tampa     *** Enter the amount from line 3 above on line 1 of the Qualified Dividends and Capital Gain Tax Worksheet (or Worksheet 4-1 in this chapter) or the Schedule D Tax Worksheet, whichever worksheet you use to figure the tax on line 4 above. Www myfreetaxes com tampa Complete that worksheet through line 6 (line 10 if you use the Schedule D Tax Worksheet). Www myfreetaxes com tampa Next, determine if you have a capital gain excess. Www myfreetaxes com tampa     Figuring capital gain excess. Www myfreetaxes com tampa To find out if you have a capital gain excess for the appropriate period, subtract line 11 of Schedule AI from line 6 of Worksheet 4-1 or your Qualified Dividends and Capital Gain Tax Worksheet (line 10 of your Schedule D Tax Worksheet). Www myfreetaxes com tampa If the result is more than zero, that amount is your capital gain excess. Www myfreetaxes com tampa     No capital gain excess. Www myfreetaxes com tampa If you do not have a capital gain excess, complete the rest of Worksheet 4-1, Qualified Dividends and Capital Gain Tax Worksheet, or the Schedule D Tax Worksheet according to the worksheet's instructions. Www myfreetaxes com tampa Then complete lines 5 and 6 above. Www myfreetaxes com tampa     Capital gain excess. Www myfreetaxes com tampa If you have a capital gain excess, complete a second Worksheet 4-1, Qualified Dividends and Capital Gain Tax Worksheet, or Schedule D Tax Worksheet (whichever applies) as instructed above but in its entirety and with the following additional modifications. Www myfreetaxes com tampa Then complete lines 5 and 6 above. Www myfreetaxes com tampa     Make the modifications below only for purposes of filling out Worksheet 4-2 above. Www myfreetaxes com tampa     a. Www myfreetaxes com tampa Reduce (but not below zero) the amount you otherwise would enter on line 3 of your Worksheet 4-1, line 3 of your Qualified Dividends and Capital Gain Tax Worksheet, or line 9 of your Schedule D Tax Worksheet by your capital gain excess. Www myfreetaxes com tampa     b. Www myfreetaxes com tampa Reduce (but not below zero) the amount you otherwise would enter on line 2 of your Worksheet 4-1, line 2 of your Qualified Dividends and Capital Gain Tax Worksheet, or line 6 of your Schedule D Tax Worksheet by any of your capital gain excess not used in (a) above. Www myfreetaxes com tampa     c. Www myfreetaxes com tampa Reduce (but not below zero) the amount on your Schedule D (Form 1040), line 18, by your capital gain excess. Www myfreetaxes com tampa     d. Www myfreetaxes com tampa Include your capital gain excess as a loss on line 16 of your Unrecaptured Section 1250 Gain Worksheet in the 2013 Instructions for Schedule D (Form 1040). 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