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1040ez 2010 Tax Form

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1040ez 2010 Tax Form

1040ez 2010 tax form Publication 179 - Introductory Material Table of Contents Acontecimientos futuros Qué hay de nuevo Recordatorios Calendario Introduction Acontecimientos futuros Si desea obtener la información más reciente sobre todo acontecimiento relacionado con la Publicación 179, tal como legislación promulgada después de que ésta fue publicada, acceda a www. 1040ez 2010 tax form irs. 1040ez 2010 tax form gov/pub179. 1040ez 2010 tax form Qué hay de nuevo Contribuciones al Seguro Social y al Medicare para el 2014. 1040ez 2010 tax form  La tasa de contribución para el Seguro Social permanece en 6. 1040ez 2010 tax form 2% tanto para el empleado como para el patrono. 1040ez 2010 tax form La base límite de salario para el Seguro Social es $117,000. 1040ez 2010 tax form La tasa de la contribución al Medicare es 1. 1040ez 2010 tax form 45% tanto para la parte del empleado como la del patrono, la misma tasa que correspondió para el año 2013. 1040ez 2010 tax form No hay límite sobre la cantidad de salarios sujetos a la contribución al Medicare. 1040ez 2010 tax form Las contribuciones al Seguro Social y al Medicare se aplican a los salarios de empleados domésticos a quienes usted les paga $1,900 o más en efectivo o de una forma equivalente de remuneración. 1040ez 2010 tax form Las contribuciones al Seguro Social y al Medicare se aplican a los trabajadores electorales a quienes se les paga $1,600 o más en efectivo o una remuneración equivalente. 1040ez 2010 tax form Cambio de parte responsable. 1040ez 2010 tax form  Comenzando el 1 de enero del 2014, toda entidad jurídica que tiene asignado un número patronal tiene que presentar el Formulario 8822-B Change of Address or Responsible Party—Business (Cambio de dirección o Parte Responsable— de negocios), en inglés, para informar si ha cambiado la parte responsable del negocio. 1040ez 2010 tax form El Formulario 8822-B tiene que presentarse dentro de los 60 días que cambió la parte responsable. 1040ez 2010 tax form Si el cambio de la parte responsable ocurrió antes del año 2014 y no se ha notificado el cambio anteriormente al IRS presente el Formulario 8822-B antes del 1 de marzo del 2014 e informe solamente el cambio más reciente. 1040ez 2010 tax form Para la definición de “parte reponsable” vea las Instrucciones del Formulario SS-4PR Solicitud de Número de Identificación Patronal (EIN). 1040ez 2010 tax form Matrimonio entre personas del mismo sexo. 1040ez 2010 tax form . 1040ez 2010 tax form  Para propósitos de las contribuciones federales, las personas del mismo sexo se consideran casados legalmente ​​si se casaron en un estado (o país extranjero) cuyas leyes autorizan el matrimonio de personas del mismo sexo, aunque el estado (o país extranjero) en el que ahora viven no reconozca el matrimonio entre personas del mismo sexo. 1040ez 2010 tax form Para obtener más información, consulte el Revenue Ruling 2013-17 (Reglamento de Rentas Internas 2013–17) disponible en www. 1040ez 2010 tax form irs. 1040ez 2010 tax form gov/irb/2013-38_IRB/ar07. 1040ez 2010 tax form html. 1040ez 2010 tax form El Notice 2013-61 (Aviso 2013-61) establece los procedimientos administrativos especiales para los patronos hacer reclamaciones para el reembolso o los ajustes de los pagos en exceso al Seguro Social y al Medicare con respecto a ciertos beneficios entre cónyuges del mismo sexo antes de la expiración del periodo de prescripción. 1040ez 2010 tax form El Aviso 2013-61 que aparece en la página 432 del Internal Revenue Bulletin (Boletín de Rentas Internas 2013-44), en inglés, está disponible en www. 1040ez 2010 tax form irs. 1040ez 2010 tax form gov/irb/2013-44_IRB/ar10. 1040ez 2010 tax form html. 1040ez 2010 tax form Recordatorios Retención de la Contribución Adicional al Medicare. 1040ez 2010 tax form  Además de la retención de la contribución Medicare de 1. 1040ez 2010 tax form 45%, usted tiene que retener la Contribución Adicional al Medicare de 0. 1040ez 2010 tax form 9% de los salarios en exceso de $200,000 que le paga a un empleado en un año natural. 1040ez 2010 tax form Se le requiere a usted que comience a retener la Contribución Adicional al Medicare en el período de paga en el cual usted le paga salarios en exceso de $200,000 a un empleado. 1040ez 2010 tax form Continúe reteniendo esta Contribución Adicional al Medicare en todo período de paga hasta que finalice el año natural. 1040ez 2010 tax form La Contribución Adicional al Medicare sólo se le impone al empleado. 1040ez 2010 tax form No hay una porción correspondiente al patrono de la Contribución Adicional al Medicare. 1040ez 2010 tax form Todos los salarios que están sujetos a la contribución Medicare, están sujetos a la retención de la Contribución Adicional al Medicare si éstos exceden el límite de $200,000. 1040ez 2010 tax form Si desea más información sobre cuáles salarios están sujetos a la Contribución Adicional al Medicare, vea la tabla Reglas especiales para varias clases de servicios y de pagos , en el apartado 15 de esta publicación. 1040ez 2010 tax form Para más información, sobre la Contribución Adicional al Medicare visite IRS. 1040ez 2010 tax form gov y escriba “ Additional Medicare Tax ” en inglés, en la casilla Search (Buscar). 1040ez 2010 tax form La información está disponible en inglés. 1040ez 2010 tax form El crédito contributivo por oportunidad de trabajo para organizaciones calificadas exentas de contribución que contratan a veteranos calificados ha sido extendido. 1040ez 2010 tax form . 1040ez 2010 tax form  El crédito contributivo por oportunidad de trabajo está disponible para veteranos desempleados que reúnan los requisitos que comiencen a trabajar antes del 1 de enero de 2014. 1040ez 2010 tax form Anteriormente, el crédito estaba disponible para veteranos desempleados quienes comenzaron a trabajar a partir del 22 de noviembre de 2011, y antes del 1 de enero de 2013. 1040ez 2010 tax form Las organizaciones exentas de contribuciones calificadas que contratan veteranos desempleados que reúnan los requisitos pueden reclamar el crédito contributivo por oportunidad de trabajo contra su contribución sobre la nómina utilizando el Formulario 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans (Crédito por oportunidad de trabajo para organizaciones exentas de contribuciones calificadas que contratan a veteranos calificados), en inglés. 1040ez 2010 tax form Si desea más información, visite IRS. 1040ez 2010 tax form gov y escriba “work opportunity tax credit” (crédito contributivo por oportunidad de trabajo), en inglés, en la casilla Search (Buscar). 1040ez 2010 tax form La información está disponible en inglés. 1040ez 2010 tax form Externalización de las obligaciones de la nómina. 1040ez 2010 tax form . 1040ez 2010 tax form  Los patronos son responsables de asegurar que las planillas de contribución se radiquen y que los depósitos y pagos se hagan, aun si el patrono contrata los servicios de un tercero para hacerlo. 1040ez 2010 tax form El patrono sigue siendo el responsable aun si el tercero no cumple con la acción requerida. 1040ez 2010 tax form Si opta por externalizar cualquier parte de su nómina y las obligaciones relacionadas con las contribuciones (es decir, retención, declarar y pagar las contribuciones al Seguro Social, al Medicare y FUTA) a un tercero pagador, tal como un proveedor de servicios de nómina o agente de reportación, visite el sitio web IRS. 1040ez 2010 tax form gov y escriba “outsourcing payroll duties” (externalización de las obligaciones de nómina) en la casilla “Search” (Buscar), para información útil sobre este tema. 1040ez 2010 tax form Dicha información está disponible en inglés. 1040ez 2010 tax form El crédito de asistencia para las primas COBRA. 1040ez 2010 tax form  El crédito por asistencia en los pagos de las primas COBRA se aplica a las primas pagadas por un máximo de 15 meses para los empleados que fueron despedidos entre el 1 de septiembre de 2008 y el 31 de mayo de 2010. 1040ez 2010 tax form Vea COBRA premium assistance credit (Crédito de asistencia para las primas COBRA) en inglés, en la Publicación 15. 1040ez 2010 tax form Vea la sección Crédito de asistencia para las primas de COBRA para detalles sobre el crédito. 1040ez 2010 tax form El Formulario 944-PR está descontinuado. 1040ez 2010 tax form  El Formulario 944-PR, Planilla para la Declaración Federal ANUAL del Patrono, ya no estará disponible después de 2011. 1040ez 2010 tax form A partir del año contributivo 2012, los patronos que anteriormente presentaban el Formulario 944-PR presentarán anualmente el Formulario 944(SP), Declaración Federal ANUAL de Impuestos del Patrono o Empleador. 1040ez 2010 tax form Por otra parte, los contribuyentes pueden solicitar que se les permita la radicación trimestral con el Formulario 941-PR, Planilla para la Declaración Federal TRIMESTRAL del Patrono, en vez del Formulario 944(SP) (o el Formulario 944, en inglés). 1040ez 2010 tax form Para más información, consulte las Instrucciones para el Formulario 944(SP). 1040ez 2010 tax form Para solicitar que se le permita radicar los formularios trimestrales 941-PR para informar sus contribuciones al Seguro Social y Medicare del año 2014, debe llamar al IRS al 1-800-829-4933 o al 267-941-1000 (llamada con cargos) a más tardar el 1 de abril de 2014. 1040ez 2010 tax form O, puede enviar una solicitud por escrito (el matasellos debe estar fechado en o antes del 15 de marzo de 2014). 1040ez 2010 tax form Después de comunicarse con el IRS, el IRS le enviará una notificación por escrito indicándole que su requisito de presentación ha cambiado. 1040ez 2010 tax form Si usted no recibe este aviso, debe presentar el Formulario 944(SP) para el año natural 2014. 1040ez 2010 tax form Para más información, consulte ¿Qué ocurre si quiere presentar Formularios 941, 941-SS o 941-PR en lugar del Formulario 944 (en inglés) o 944(SP)?, en las Instrucciones para el Formulario 944(SP) de 2013. 1040ez 2010 tax form Usted tiene que recibir un aviso escrito del IRS para poder radicar el Formulario 944(SP). 1040ez 2010 tax form  Si usted ha estado radicando los Formularios 941-PR y cree que sus contribuciones sobre la nómina para el año natural serán $1,000 o menos y desea radicar el Formulario 944(SP) (o el Formulario 944, en inglés) en vez de los Formularios 941-PR, tiene que comunicarse con el IRS para solicitar el permiso para poder radicar el Formulario 944(SP). 1040ez 2010 tax form Antes de que pueda radicar este formulario, tiene que recibir un aviso escrito de parte del IRS que le otorgue el permiso para poder radicar el Formulario 944(SP) en vez de los Formularios 941-PR. 1040ez 2010 tax form Si desea más información sobre cómo solicitar el permiso para radicar el Formulario 944(SP) o el Formulario 944, en vez de los Formularios 941-PR, vea el tema titulado ¿Qué ocurre si quiere presentar Formularios 941, 941-SS o 941-PR en lugar del Formulario 944 (en inglés) o 944(SP)?, en las Instrucciones para el Formulario 944(SP). 1040ez 2010 tax form Cambio de dirección. 1040ez 2010 tax form . 1040ez 2010 tax form  Utilice el Formulario 8822-B, Change of Address or Responsible Party-Business (Cambio de dirección— o Parte Responsable— de negocios), en inglés, para notificarle al IRS sobre un cambio a su dirección. 1040ez 2010 tax form No envíe el Formulario 8822-B junto con su planilla de contribuciones sobre la nómina. 1040ez 2010 tax form Los depósitos de las contribuciones federales tienen que llevarse a cabo mediante transferencia electrónica de fondos. 1040ez 2010 tax form  Usted tiene que depositar toda contribución mediante transferencia electrónica de fondos. 1040ez 2010 tax form Generalmente, la transferencia electrónica de fondos se lleva a cabo usando el Electronic Federal Tax Payment System (Sistema electrónico de pagos de la contribución federal o EFTPS, por sus siglas en inglés). 1040ez 2010 tax form Si no desea utilizar el EFTPS, puede hacer los arreglos para que su preparador, institución financiera, servicio de nómina u otro tercero de su confianza efectúe depósitos electrónicos en nombre suyo. 1040ez 2010 tax form El EFTPS es un servicio gratuito provisto por el Departamento del Tesoro. 1040ez 2010 tax form Los servicios provistos por su preparador profesional, institución financiera, servicio de nómina u otro tercero podría conllevar en un cargo. 1040ez 2010 tax form Si desea más información sobre cómo efectuar depósitos de la contribución federal, vea Cómo hacer los depósitos , en el apartado 11. 1040ez 2010 tax form Si desea más información sobre EFTPS o si desea inscribirse, visite el sitio web de EFTPS en www. 1040ez 2010 tax form eftps. 1040ez 2010 tax form gov o llame al 1-800-244-4829 (1-800-733-4829, si es usuario de equipo TDD). 1040ez 2010 tax form Puede encontrar información adicional sobre EFTPS en la Publicación 966 (SP), Sistema de Pago Electrónico del Impuesto Federal: La Manera Segura de pagar los Impuestos Federales. 1040ez 2010 tax form Radicación y pago por medios electrónicos. 1040ez 2010 tax form  El uso de las opciones electrónicas puede hacer más fácil la radicación de una planilla y el pago de la contribución federal. 1040ez 2010 tax form Utilice el EFTPS para efectuar depósitos o pagar la contribución en su totalidad, independientemente de si utiliza a un preparador o si prepara sus propias planillas. 1040ez 2010 tax form Puede usar el sistema electrónico e-file del IRS para radicar ciertas planillas. 1040ez 2010 tax form Si hay una suma por pagar en la planilla, puede radicarla con el sistema e-file y pagar electrónicamente (e-pay) en un solo paso al autorizar un retiro electrónico de fondos de su cuenta bancaria mientras está radicando electrónicamente. 1040ez 2010 tax form No utilice el retiro electrónico de fondos para pagar contribuciones que se requiere que se depositen. 1040ez 2010 tax form Visite el sitio web del IRS www. 1040ez 2010 tax form irs. 1040ez 2010 tax form gov/efile , en inglés, para más información sobre cómo radicar una planilla electrónicamente. 1040ez 2010 tax form Si desea más información sobre cómo pagar sus contribuciones utilizando el retiro electrónico de fondos, visite la página del IRS en www. 1040ez 2010 tax form irs. 1040ez 2010 tax form gov/e-pay. 1040ez 2010 tax form Se le podría cobrar un cargo por radicar electrónicamente. 1040ez 2010 tax form Para EFTPS, visite www. 1040ez 2010 tax form eftps. 1040ez 2010 tax form gov o llame a la línea de servicio al cliente de EFTPS al 1-800-244-4829 o 1-800-733-4829, si es usuario de equipo TDD. 1040ez 2010 tax form Para la radicación electrónica de los Formularios 499R-2/W-2PR y 499R-2/W-2cPR ante la Administración del Seguro Social, visite la página web www. 1040ez 2010 tax form hacienda. 1040ez 2010 tax form gobierno. 1040ez 2010 tax form pr. 1040ez 2010 tax form Si usted está radicando su planilla de contribuciones o si está pagando sus contribuciones federales electrónicamente, se necesita que provea un EIN válido. 1040ez 2010 tax form Si no provee un EIN válido, la planilla o pago no se tramitará. 1040ez 2010 tax form Esto podría resultarle en multas y demoras en la tramitación de su planilla o pago. 1040ez 2010 tax form Pagos con tarjeta de crédito o débito. 1040ez 2010 tax form  Para mayor información sobre cómo se pagan las contribuciones con tarjetas de crédito o débito, visite el sitio web del IRS, www. 1040ez 2010 tax form irs. 1040ez 2010 tax form gov/e-pay. 1040ez 2010 tax form No obstante, no use una tarjeta de crédito o débito para pagar contribuciones que deben ser depositadas. 1040ez 2010 tax form Contratación de empleados nuevos. 1040ez 2010 tax form  Mantenga un registro con el nombre y número de cada uno de sus empleados nuevos según aparece en su tarjeta de Seguro Social. 1040ez 2010 tax form Todo empleado que no tenga una tarjeta de Seguro Social deberá solicitarla usando el Formulario SS-5-SP, Solicitud para una Tarjeta de Seguro Social, en español. 1040ez 2010 tax form Vea el apartado 4 . 1040ez 2010 tax form Cómo informar las discrepancias entre los Formularios 941-PR (o 944(SP)) y los Formularios 499R-2/W-2PR. 1040ez 2010 tax form . 1040ez 2010 tax form  Utilice el Anexo D (Formulario 941), Report of Discrepancies Caused by Acquisitions, Statutory Mergers, or Consolidations (Informe de discrepancias causadas por adquisiciones, fusiones o consolidaciones), en inglés. 1040ez 2010 tax form En este anexo se explicarán las discrepancias en los salarios, contribuciones y pagos que han surgido entre los Formularios 941-PR (o el Formulario 944(SP)) debido a adquisiciones, fusiones o consolidaciones. 1040ez 2010 tax form Si desea más información, vea las Instrucciones para el Anexo D (Formulario 941), disponibles en inglés. 1040ez 2010 tax form Solicitud de un número de identificación patronal en línea (EIN). 1040ez 2010 tax form  Usted puede solicitar un número de identificación patronal (EIN, por sus siglas en inglés) en línea al visitar el sitio web IRS. 1040ez 2010 tax form gov, en inglés, y pulsar sobre el enlace “Apply for an EIN Online” (Solicitud de un número de identificación patronal en línea (EIN)), que se encuentra bajo Tools (Herramientas). 1040ez 2010 tax form La información está provista en inglés. 1040ez 2010 tax form Pagos rechazados. 1040ez 2010 tax form  Cualquier forma de pago que ha sido rechazado y es devuelto por la institución financiera está sujeto a una penalidad. 1040ez 2010 tax form Esta penalidad es $25 o el 2% de la cantidad del pago, lo mayor entre ambos. 1040ez 2010 tax form Sin embargo, la penalidad en pagos rechazados de $24. 1040ez 2010 tax form 99 o menos es igual a la cantidad del pago. 1040ez 2010 tax form Por ejemplo, un pago por $18 que fue rechazado, la penalidad es $18 (la cantidad rechazada). 1040ez 2010 tax form Remuneración pagada a trabajadores agrícolas con visa H-2A. 1040ez 2010 tax form  La remuneración que le paga a trabajadores agrícolas por trabajo realizado con una visa H-2A no está sujeta a las contribuciones al Seguro Social, al Medicare o la Contribución Adicional al Medicare. 1040ez 2010 tax form Por lo tanto, no debe informarla como remuneración sujeta a dichas contribuciones. 1040ez 2010 tax form Verifique con las agencias del gobierno de Puerto Rico para verificar si tiene algún requisito estatal. 1040ez 2010 tax form Servicios de entrega privados. 1040ez 2010 tax form  Puede usar ciertos servicios de entrega privados designados por el IRS para enviar sus planillas o pagos de la contribución. 1040ez 2010 tax form La lista incluye sólo los servicios siguientes: DHL Express (DHL): DHL Same Day Service. 1040ez 2010 tax form Federal Express (FedEx): FedEx Priority Overnight, FedEx Standard Overnight, FedEx 2Day, FedEx International Priority y FedEx International First. 1040ez 2010 tax form United Parcel Service (UPS): UPS Next Day Air, UPS Next Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A. 1040ez 2010 tax form M. 1040ez 2010 tax form , UPS Worldwide Express Plus y UPS Worldwide Express. 1040ez 2010 tax form Si desea obtener la dirección a dónde enviar la planilla o pago si utilizara un servicio de entrega privado, acceda a IRS. 1040ez 2010 tax form gov y escriba “private delivery service” en la casilla Search (Buscar). 1040ez 2010 tax form La información está disponible en inglés. 1040ez 2010 tax form El proveedor de servicio de entrega privado que escoja puede informarle de cómo se obtiene verificación por escrito de la fecha de envío. 1040ez 2010 tax form Los servicios de entrega privados no pueden entregar artículos de correo a los apartados postales. 1040ez 2010 tax form Usted tiene que utilizar el Servicio Postal de los EE. 1040ez 2010 tax form UU. 1040ez 2010 tax form para enviar todo artículo de correo a una dirección que incluya un apartado postal del IRS. 1040ez 2010 tax form Mantenimiento de récords. 1040ez 2010 tax form  Conserve todos los récords de sus contribuciones sobre la nómina durante 4 años. 1040ez 2010 tax form Los mismos deben estar disponibles para ser inspeccionados por funcionarios del IRS. 1040ez 2010 tax form No se ha establecido ninguna manera especial de llevar estos récords. 1040ez 2010 tax form Sin embargo, los mismos deberán incluir su EIN, las cantidades y fechas de todos los pagos de salarios (incluyendo beneficios marginales) y las propinas declaradas, así como los nombres, direcciones y ocupaciones de todos los empleados que reciban tales pagos, las fechas de empleo, además de los números de Seguro Social y los duplicados de las planillas de contribución radicadas anteriormente, incluyendo las fechas y cantidades de depósitos hechos según se explica en el apartado 11 . 1040ez 2010 tax form Todo patrono agrícola tiene que llevar un registro en el cual consten el nombre, dirección permanente y el EIN de cada líder de cuadrilla. 1040ez 2010 tax form Vea Líder de cuadrilla, en el apartado 1 . 1040ez 2010 tax form Comentarios y sugerencias. 1040ez 2010 tax form  Le agradecemos sus comentarios sobre esta publicación y sugerencias para ediciones futuras de la misma. 1040ez 2010 tax form Puede escribirnos a la siguiente dirección: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. 1040ez 2010 tax form NW, IR-6526 Washington, DC 20224 Nosotros contestamos muchas cartas a través de llamadas telefónicas. 1040ez 2010 tax form Por lo tanto, sería de ayuda si en su correspondencia incluye su número telefónico, junto con el código de área telefónico, en donde nos podamos comunicar con usted durante el día. 1040ez 2010 tax form También, puede enviarnos comentarios a través de la página www. 1040ez 2010 tax form irs. 1040ez 2010 tax form gov/formspubs. 1040ez 2010 tax form Pulse sobre el enlace titulado More Information (Más información) y luego pulse sobre el enlace titulado “Give us Feedback” (Proveer comentarios), en inglés. 1040ez 2010 tax form Aunque no podemos contestar a cada comentario que recibimos, sí agradecemos sus sugerencias y las consideraremos al revisar nuestros productos contributivos. 1040ez 2010 tax form Fotografías de niños desaparecidos. 1040ez 2010 tax form  El Servicio de Rentas Internas siente orgullo en colaborar con el National Center for Missing and Exploited Children (Centro Nacional de Niños Desaparecidos y Explotados). 1040ez 2010 tax form Las fotografías de niños desaparecidos que han sido seleccionadas por el Centro pueden aparecer en esta publicación en páginas que de otra manera estarían en blanco. 1040ez 2010 tax form Usted puede ayudar a que estos niños regresen a sus hogares si al mirar sus fotografías los puede identificar y entonces llama libre de cargos al 1-800-THE-LOST (1-800-843-5678). 1040ez 2010 tax form Calendario   Si alguna fecha indicada a continuación es un sábado, domingo o día festivo oficial, la fecha de vencimiento para radicar la planilla, presentar un formulario o depositar su contribución es el próximo día laborable. 1040ez 2010 tax form Un día festivo oficial en Puerto Rico o en un estado posterga una fecha de vencimiento únicamente si la oficina del IRS donde usted tiene que radicar su planilla de contribución está localizada en tal estado o territorio. 1040ez 2010 tax form Para propósitos de la fecha de vencimiento, se cumplen los requisitos para radicar la planilla si la misma se encuentra en un sobre que esté dirigido apropiadamente, que tenga suficiente franqueo y que el matasellos esté fechado a más tardar en la fecha de vencimiento. 1040ez 2010 tax form Si se envía mediante un servicio de entrega privado aprobado por el IRS, la misma se tiene que enviar a más tardar en la fecha de vencimiento. 1040ez 2010 tax form Vea el tema Servicios de entrega privados en Recordatorios. 1040ez 2010 tax form A continuación encontrará una lista de las fechas y responsabilidades más importantes para usted. 1040ez 2010 tax form Además, vea la Publicación 509, Tax Calendars (Calendarios contributivos), en inglés, para más información. 1040ez 2010 tax form Para el 31 de enero:  Entregue a los empleados sus comprobantes de retención. 1040ez 2010 tax form Entréguele a cada empleado un Formulario 499R-2/W-2PR, Comprobante de Retención, debidamente completado. 1040ez 2010 tax form Vea el apartado 13 . 1040ez 2010 tax form Radique el Formulario 943-PR, Planilla para la Declaración ANUAL de la Contribución Federal del Patrono de Empleados Agrícolas, ante el IRS. 1040ez 2010 tax form Si depositó a tiempo la contribución correspondiente al Formulario 943-PR en su totalidad, tendrá hasta 10 días naturales adicionales a partir de la fecha de vencimiento indicada anteriormente para radicar su Formulario 943-PR. 1040ez 2010 tax form Radique el Formulario 940-PR, Planilla para la Declaración Federal ANUAL del Patrono de la Contribución Federal para el Desempleo (FUTA), ante el IRS. 1040ez 2010 tax form Pague o deposite todo saldo adeudado (si es más de $500). 1040ez 2010 tax form Si depositó el total de las contribuciones adeudadas a su debido tiempo, tendrá hasta 10 días naturales adicionales a partir de la fecha de vencimiento indicada anteriormente para radicar el Formulario 940-PR. 1040ez 2010 tax form Si antes radicaba el Formulario 944-PR, radique ahora el Formulario 944(SP), Declaración Federal ANUAL de Impuestos del Patrono o Empleador (o el Formulario 944, en inglés), ante el IRS si el mismo le notificó que debe radicar el Formulario 944(SP) en lugar de los Formularios 941-PR trimestrales. 1040ez 2010 tax form Si depositó la cantidad total de contribuciones conforme a la fecha de vencimiento de éstas, tendrá 10 días naturales adicionales a partir de la fecha de vencimiento indicada anteriormente para radicar el Formulario 944(SP). 1040ez 2010 tax form Para el 28 de febrero. 1040ez 2010 tax form   Radique los comprobantes de retención ante la Administración del Seguro Social (SSA, por sus siglas en inglés). 1040ez 2010 tax form Radique el Original del Formulario 499R-2/W-2PR, junto con el Formulario W-3PR, Informe de Comprobantes de Retención, ante la SSA. 1040ez 2010 tax form Para las planillas radicadas por vías electrónicas, vea el siguiente tema. 1040ez 2010 tax form Para el 31 de marzo. 1040ez 2010 tax form  Radique el Formulario 499R-2/W-2PR por vías electrónicas (y no por medios magnéticos o en papel) ante la SSA. 1040ez 2010 tax form Sin embargo, puede transmitir un archivo electrónico por medio de Internet. 1040ez 2010 tax form Vea Employer W-2 Filing Instructions & Information (Instrucciones e información para patronos sobre la radicación de Formularios W-2), en inglés, en el sitio web www. 1040ez 2010 tax form socialsecurity. 1040ez 2010 tax form gov/employer de la SSA para más información. 1040ez 2010 tax form Para el 30 de abril, 31 de julio, 31 de octubre y 31 de enero. 1040ez 2010 tax form  Radique el Formulario 941-PR trimestralmente ante el IRS. 1040ez 2010 tax form Si depositó el total de las contribuciones adeudadas a su debido tiempo, tendrá hasta 10 días naturales adicionales a partir de las fechas de vencimiento indicadas anteriormente para radicar el Formulario 941-PR. 1040ez 2010 tax form No radique los Formularios 941-PR para dichos trimestres si el IRS le ha informado que debe radicar el Formulario 944(SP). 1040ez 2010 tax form Deposite la contribución FUTA para el trimestre (incluyendo toda cantidad trasladada de un trimestre anterior) si la cantidad adeudada es más de $500. 1040ez 2010 tax form Si es de $500 o menos, traspásela al trimestre siguiente. 1040ez 2010 tax form Vea el apartado 10 , para más información. 1040ez 2010 tax form Introduction Esta publicación deberá ser usada por patronos cuyo negocio principal está ubicado en Puerto Rico o que tienen empleados cuyos ingresos están sujetos a retención de la contribución estatal sobre los ingresos de Puerto Rico. 1040ez 2010 tax form Generalmente, tanto los patronos como los empleados en Puerto Rico están sujetos a las contribuciones al Seguro Social y al seguro Medicare, conforme a la Federal Insurance Contributions Act (Ley de Contribuciones Federales al Seguro Social o FICA, por sus siglas en inglés). 1040ez 2010 tax form Esta publicación resume las responsabilidades que tiene el patrono en cuanto al cobro, pago y declaración de dichas contribuciones. 1040ez 2010 tax form Dondequiera que en esta publicación se use el término “Estados Unidos”, el mismo incluye a Puerto Rico, las Islas Vírgenes y los territorios autónomos y territorios no autónomos de los Estados Unidos. 1040ez 2010 tax form Las secciones a las cuales se hace referencia en esta publicación corresponden al Código Federal de Rentas Internas, a menos que se indique lo contrario. 1040ez 2010 tax form Esta publicación también proporciona a dichos patronos un resumen de sus responsabilidades en relación con las contribuciones bajo la Federal Unemployment Tax Act (Ley Federal de Contribución para el Desempleo o FUTA, por sus siglas en inglés). 1040ez 2010 tax form Vea los apartados 9 y 10 . 1040ez 2010 tax form Excepto por lo indicado en las tablas que se hallan en el apartado 15 , esas contribuciones corresponden a todo patrono que pague salarios tributables a empleados o que tenga empleados que declaran propinas. 1040ez 2010 tax form En esta publicación no se incluye información relacionada con las contribuciones del trabajo por cuenta propia (Seguro Social y Medicare para personas que trabajan por cuenta propia). 1040ez 2010 tax form Si necesita información sobre estas contribuciones, comuníquese con la oficina del IRS en Guaynabo o vea la Publicación 570, Tax Guide for Individuals With Income From U. 1040ez 2010 tax form S. 1040ez 2010 tax form Possessions (Guía tributaria para individuos con ingresos de fuentes en los territorios estadounidenses), en inglés. 1040ez 2010 tax form Contribuciones sobre los ingresos de Puerto Rico. 1040ez 2010 tax form   Esta publicación no incluye información relacionada con la retención de contribuciones federales sobre los ingresos. 1040ez 2010 tax form Ésta sólo trata las contribuciones sobre la nómina para patronos que están en Puerto Rico. 1040ez 2010 tax form   Si desea obtener información acerca de la contribución sobre ingresos de Puerto Rico, consulte con el Departamento de Hacienda de Puerto Rico. 1040ez 2010 tax form Las personas que trabajan amparadas bajo el programa del Seguro Social elijen un plan de protección para sus familias y para sí mismas. 1040ez 2010 tax form Entidades no consideradas como separadas de sus dueños y compañías subsidarias calificadas conforme al subcapítulo S (QSubs). 1040ez 2010 tax form   Las entidades no consideradas como separadas de sus dueños (disregarded entities) que tienen un solo dueño y que cumplen los requisitos y las compañías subsidiarias calificadas conforme al subcapítulo S (QSubs, por sus siglas en inglés), son tratadas como si fueran entidades separadas de su dueño para propósitos de las contribuciones sobre la nómina. 1040ez 2010 tax form Las entidades no consideradas como separadas de sus dueños que tienen un solo dueño y que cumplen los requisitos y no han optado por ser tratadas como corporación, tiene que declarar y pagar la contribución sobre la nómina correspondiente a los salarios de los empleados utilizando el nombre y EIN de dicha entidad. 1040ez 2010 tax form Vea la sección 1. 1040ez 2010 tax form 1361-4(a)(7) y la sección 301. 1040ez 2010 tax form 7701-2(c)(2)(iv) de los Reglamentos, en inglés. 1040ez 2010 tax form Crédito de asistencia para las primas de COBRA. 1040ez 2010 tax form   La Consolidated Omnibus Budget Reconciliation Act of 1985 (Ley de Conciliación de Asignaciones del Presupuesto de 1985 o COBRA, por sus siglas en inglés) les provee a ciertos ex empleados, jubilados, cónyuges, ex cónyuges e hijos dependientes el derecho a recibir temporalmente cobertura de salud a tarifas especiales para grupos. 1040ez 2010 tax form La ley COBRA, por lo general, cubre los planes de salud que incluyen a múltiples patronos y planes de salud que son mantenidos por patronos de la empresa privada (que no son iglesias) que tengan 20 o más empleados a tiempo completo o parcial. 1040ez 2010 tax form A dichos planes les corresponden ciertos requisitos conforme a la Employee Retirement Income Security Act of 1974 (Ley para la Protección de los Ingresos de Jubilación para los Empleados de 1974 o ERISA, por sus siglas en inglés). 1040ez 2010 tax form Conforme a la Public Health Service Act (Ley sobre el Servicio de Salud Pública), los requisitos del programa COBRA también le corresponden a los planes de salud que cubren a los empleados gubernamentales estatales y municipales. 1040ez 2010 tax form Requisitos similares corresponden conforme al Federal Employees Health Benefits Program (Programa de Seguro Médico para los Empleados Federales (FEHBP, por sus siglas en inglés)) y ciertas leyes estatales. 1040ez 2010 tax form Para tratar a la asistencia (o subsidio) para las primas de COBRA que se explican a continuación, a todos estos requisitos se les refiere como “requisitos de COBRA ”. 1040ez 2010 tax form   La ley American Recovery and Reinvestment Act of 2009 (Ley de Recuperación y Reinversión Económica Estadounidense de 2009 o ARRA, por sus siglas en inglés) permite un crédito contra las contribuciones sobre la paga (dichas contribuciones se denominan “contribuciones sobre la nómina” en esta publicación), para proveer asistencia para las primas de COBRA a individuos que cumplen con los requisitos para recibir dicha asistencia. 1040ez 2010 tax form Para los períodos de continuidad de cobertura COBRA que comienzan después del 16 de febrero de 2009, un plan de salud colectivo tiene que tratar a un individuo que reúne los requisitos para la asistencia como si hubiese pagado la prima de COBRA para la continuidad de cobertura requerida si el individuo optó por la cobertura COBRA y paga el 35% de la cantidad de la prima. 1040ez 2010 tax form   Un individuo que reúne los requisitos para la asistencia es un beneficiario calificado que cumple con los requisitos para la continuidad de la cobertura COBRA durante el período que comienza el 1 de septiembre de 2008, y que termina el 31 de mayo de 2010, debido al cese involuntario de empleo de un empleado amparado por la cobertura durante el período y que opta por la continuidad de la cobertura de COBRA. 1040ez 2010 tax form La asistencia para mantener la cobertura puede durar hasta 15 meses. 1040ez 2010 tax form   Los empleados que fueron despedidos durante el período que comienza el 1 septiembre de 2008 y que termina el 31 de mayo de 2010, y recibieron ofertas de indemnización que retrasaron el inicio de la continuación de cobertura COBRA, pueden ser elegibles para recibir asistencia con las primas para la continuación de cobertura COBRA. 1040ez 2010 tax form Para más información, vea Notice 2009-27 (Avisio 2009-27) que aparece en la página 838 del Internal Revenue Bulletin (Boletín de Rentas Internas 2009-16), en inglés, disponible en www. 1040ez 2010 tax form irs. 1040ez 2010 tax form gov/irb/2009-16_irb/ar09. 1040ez 2010 tax form html. 1040ez 2010 tax form   Los administradores de planes de salud colectivos (u otras entidades) que proveen o administran la continuación de la cobertura COBRA, tienen que notificarle a los individuos que cumplen con los requisitos para la asistencia de las primas de COBRA de que tienen derecho a dicha cobertura. 1040ez 2010 tax form   El 65% de la prima que no es pagada por las personas que reúnen los requisitos para la asistencia se le reembolsa a los patronos que mantienen el plan de salud colectivo. 1040ez 2010 tax form El reembolso se hace por medio de un crédito que se le aplica a las obligaciones de las contribuciones sobre la nómina del patrono. 1040ez 2010 tax form Para obtener información sobre cómo reclamar el crédito, vea las Instrucciones para el Formulario 941-PR o las Instrucciones para el Formulario 944(SP). 1040ez 2010 tax form El crédito se le trata como un depósito hecho en el primer día del período de la planilla (trimestre o año). 1040ez 2010 tax form En el caso de un plan que cubre a múltiples patronos, el crédito es reclamado por el plan, en vez del patrono. 1040ez 2010 tax form En el caso de un plan asegurado que está sujeto a los requisitos estatales para la continuidad de cobertura, el crédito es reclamado por la compañía de seguros, en vez del patrono. 1040ez 2010 tax form   Todo individuo o entidad que reclama el crédito por los pagos para la asistencia COBRA tiene que conservar la siguiente información para comprobar su reclamación: Información sobre el recibo, incluyendo fechas y cantidades, de la parte del 35% de la prima que le corresponde a la persona que reúne los requisitos para la asistencia. 1040ez 2010 tax form En el caso de un plan de seguro, una copia de la factura u otro documento comprobante emitido por la compañía aseguradora y prueba del pago a tiempo de la prima completa hecho a la compañía aseguradora que se requiere conforme los requisitos para la cobertura COBRA. 1040ez 2010 tax form En el caso de un plan autoasegurado, documentos que comprueban la cantidad de la prima y la cobertura provista a las personas que reúnen los requisitos para la asistencia. 1040ez 2010 tax form Atestiguación del cese involuntario, incluyendo la fecha de cesación (despido) involuntario para cada empleado amparado por la cobertura cuyo despido involuntario es la base para el derecho al subsidio. 1040ez 2010 tax form Prueba de que cada persona reúne los requisitos para la asistencia de la cobertura COBRA y de que ha optado por dicha cobertura. 1040ez 2010 tax form Un registro que tenga los números de Seguro Social de todos los empleados con cobertura, la cantidad del subsidio reembolsado con respecto a cada empleado con cobertura y que indique si el subsidio se debe a una persona o a dos o más personas. 1040ez 2010 tax form   Para más información, visite IRS. 1040ez 2010 tax form gov y escriba “COBRA” en la casilla Search (Buscar). 1040ez 2010 tax form La información está disponible en inglés. 1040ez 2010 tax form Ayuda para radicar documentos ante la SSA. 1040ez 2010 tax form   Si necesita ayuda en español para radicar sus formularios contributivos ante la SSA (esto incluye la solicitud de un número de identificación personal (PIN, por sus siglas en inglés)), llame a la SSA al 1-800-772-6270. 1040ez 2010 tax form Elegibilidad para empleo. 1040ez 2010 tax form   Usted tiene que verificar que cada empleado nuevo tenga derecho a trabajar legalmente en los Estados Unidos. 1040ez 2010 tax form Esto incluye completar el Formulario I-9, Employment Eligibility Verification (Verificación de elegibilidad para empleo), disponible en español, del Servicio de Ciudadanía e Inmigración de Estados Unidos (USCIS, por sus siglas en inglés). 1040ez 2010 tax form Puede obtener el formulario llamando al USCIS al 1-800-870-3676. 1040ez 2010 tax form Si desea más información, comuníquese con el USCIS al 1-800-375-5283 o visite la página web de USCIS en www. 1040ez 2010 tax form uscis. 1040ez 2010 tax form gov/espanol. 1040ez 2010 tax form Prev  Up  Next   Home   More Online Publications
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Beware of e-Mail Scams about Electronic Federal Tax Payments

Consumers should be aware of a scam e-mail about an electronic federal tax payment the e-mail claims they tried to make or which specifies the Electronic Federal Tax Payment System (EFTPS). The e-mail states that tax payments made by the e-mail recipient through EFTPS have been rejected.

The e-mail then directs recipients to a bogus link for a transaction report that, when clicked, downloads malicious software (malware) that infects the intended victim’s computer. The malware is designed to send back to the scammer personal and financial information already contained on the taxpayer's computer or obtained through capturing keystrokes. The scammer uses this personal and financial information to commit identity theft.

To avoid malware, do not click on any links, open any attachments or reply to the sender for this or any other unsolicited e-mails you may receive about your tax account which claims to come from the IRS or EFTPS.

If you responded to this scam and believe you may have become the victim of identity theft, find out what steps you can take.

The IRS and the Financial Management Service (the Treasury bureau that owns EFTPS) do not communicate payment information through e-mail.

A scam that tricks someone into revealing their personal and financial data is identity theft. A scam that attempts to do this through e-mail is known as phishing. Find out more about IRS-impersonation phishing scams and how to recognize and report them to the IRS.

EFTPS is a tax payment system that allows individuals and businesses to pay federal taxes electronically via the Internet or phone. It is committed to taxpayer privacy and uses industry-leading security practices and technology to protect taxpayer data. 

Page Last Reviewed or Updated: 12-Dec-2013

The 1040ez 2010 Tax Form

1040ez 2010 tax form 15. 1040ez 2010 tax form   Selling Your Home Table of Contents Reminder Introduction Useful Items - You may want to see: Main Home Figuring Gain or LossSelling Price Amount Realized Adjusted Basis Amount of Gain or Loss Dispositions Other Than Sales Determining Basis Excluding the GainMaximum Exclusion Ownership and Use Tests Reduced Maximum Exclusion Business Use or Rental of Home Reporting the SaleSeller-financed mortgage. 1040ez 2010 tax form More information. 1040ez 2010 tax form Special SituationsException for sales to related persons. 1040ez 2010 tax form Recapturing (Paying Back) a Federal Mortgage Subsidy Reminder Home sold with undeducted points. 1040ez 2010 tax form  If you have not deducted all the points you paid to secure a mortgage on your old home, you may be able to deduct the remaining points in the year of the sale. 1040ez 2010 tax form See Mortgage ending early under Points in chapter 23. 1040ez 2010 tax form Introduction This chapter explains the tax rules that apply when you sell your main home. 1040ez 2010 tax form In most cases, your main home is the one in which you live most of the time. 1040ez 2010 tax form If you sold your main home in 2013, you may be able to exclude from income any gain up to a limit of $250,000 ($500,000 on a joint return in most cases). 1040ez 2010 tax form See Excluding the Gain , later. 1040ez 2010 tax form Generally, if you can exclude all the gain, you do not need to report the sale on your tax return. 1040ez 2010 tax form If you have gain that cannot be excluded, it is taxable. 1040ez 2010 tax form Report it on Form 8949, Sales and Other Dispositions of Capital Assets, and Schedule D (Form 1040). 1040ez 2010 tax form You may also have to complete Form 4797, Sales of Business Property. 1040ez 2010 tax form See Reporting the Sale , later. 1040ez 2010 tax form If you have a loss on the sale, you generally cannot deduct it on your return. 1040ez 2010 tax form However, you may need to report it. 1040ez 2010 tax form See Reporting the Sale , later. 1040ez 2010 tax form The following are main topics in this chapter. 1040ez 2010 tax form Figuring gain or loss. 1040ez 2010 tax form Basis. 1040ez 2010 tax form Excluding the gain. 1040ez 2010 tax form Ownership and use tests. 1040ez 2010 tax form Reporting the sale. 1040ez 2010 tax form Other topics include the following. 1040ez 2010 tax form Business use or rental of home. 1040ez 2010 tax form Recapturing a federal mortgage subsidy. 1040ez 2010 tax form Useful Items - You may want to see: Publication 523 Selling Your Home 530 Tax Information for Homeowners 547 Casualties, Disasters, and Thefts Form (and Instructions) Schedule D (Form 1040) Capital Gains and Losses 982 Reduction of Tax Attributes Due to Discharge of Indebtedness 8828 Recapture of Federal Mortgage Subsidy 8949 Sales and Other Dispositions of Capital Assets Main Home This section explains the term “main home. 1040ez 2010 tax form ” Usually, the home you live in most of the time is your main home and can be a: House, Houseboat, Mobile home, Cooperative apartment, or Condominium. 1040ez 2010 tax form To exclude gain under the rules of this chapter, you in most cases must have owned and lived in the property as your main home for at least 2 years during the 5-year period ending on the date of sale. 1040ez 2010 tax form Land. 1040ez 2010 tax form   If you sell the land on which your main home is located, but not the house itself, you cannot exclude any gain you have from the sale of the land. 1040ez 2010 tax form However, if you sell vacant land used as part of your main home and that is adjacent to it, you may be able to exclude the gain from the sale under certain circumstances. 1040ez 2010 tax form See Vacant land under Main Home in Publication 523 for more information. 1040ez 2010 tax form Example. 1040ez 2010 tax form You buy a piece of land and move your main home to it. 1040ez 2010 tax form Then you sell the land on which your main home was located. 1040ez 2010 tax form This sale is not considered a sale of your main home, and you cannot exclude any gain on the sale of the land. 1040ez 2010 tax form More than one home. 1040ez 2010 tax form   If you have more than one home, you can exclude gain only from the sale of your main home. 1040ez 2010 tax form You must include in income gain from the sale of any other home. 1040ez 2010 tax form If you have two homes and live in both of them, your main home is ordinarily the one you live in most of the time during the year. 1040ez 2010 tax form Example 1. 1040ez 2010 tax form You own two homes, one in New York and one in Florida. 1040ez 2010 tax form From 2009 through 2013, you live in the New York home for 7 months and in the Florida residence for 5 months of each year. 1040ez 2010 tax form In the absence of facts and circumstances indicating otherwise, the New York home is your main home. 1040ez 2010 tax form You would be eligible to exclude the gain from the sale of the New York home but not of the Florida home in 2013. 1040ez 2010 tax form Example 2. 1040ez 2010 tax form You own a house, but you live in another house that you rent. 1040ez 2010 tax form The rented house is your main home. 1040ez 2010 tax form Example 3. 1040ez 2010 tax form You own two homes, one in Virginia and one in New Hampshire. 1040ez 2010 tax form In 2009 and 2010, you lived in the Virginia home. 1040ez 2010 tax form In 2011 and 2012, you lived in the New Hampshire home. 1040ez 2010 tax form In 2013, you lived again in the Virginia home. 1040ez 2010 tax form Your main home in 2009, 2010, and 2013 is the Virginia home. 1040ez 2010 tax form Your main home in 2011 and 2012 is the New Hampshire home. 1040ez 2010 tax form You would be eligible to exclude gain from the sale of either home (but not both) in 2013. 1040ez 2010 tax form Property used partly as your main home. 1040ez 2010 tax form   If you use only part of the property as your main home, the rules discussed in this publication apply only to the gain or loss on the sale of that part of the property. 1040ez 2010 tax form For details, see Business Use or Rental of Home , later. 1040ez 2010 tax form Figuring Gain or Loss To figure the gain or loss on the sale of your main home, you must know the selling price, the amount realized, and the adjusted basis. 1040ez 2010 tax form Subtract the adjusted basis from the amount realized to get your gain or loss. 1040ez 2010 tax form     Selling price     − Selling expenses       Amount realized       Amount realized     − Adjusted basis       Gain or loss   Selling Price The selling price is the total amount you receive for your home. 1040ez 2010 tax form It includes money and the fair market value of any other property or any other services you receive and all notes, mortgages or other debts assumed by the buyer as part of the sale. 1040ez 2010 tax form Payment by employer. 1040ez 2010 tax form   You may have to sell your home because of a job transfer. 1040ez 2010 tax form If your employer pays you for a loss on the sale or for your selling expenses, do not include the payment as part of the selling price. 1040ez 2010 tax form Your employer will include it as wages in box 1 of your Form W-2, and you will include it in your income on Form 1040, line 7. 1040ez 2010 tax form Option to buy. 1040ez 2010 tax form   If you grant an option to buy your home and the option is exercised, add the amount you receive for the option to the selling price of your home. 1040ez 2010 tax form If the option is not exercised, you must report the amount as ordinary income in the year the option expires. 1040ez 2010 tax form Report this amount on Form 1040, line 21. 1040ez 2010 tax form Form 1099-S. 1040ez 2010 tax form   If you received Form 1099-S, Proceeds From Real Estate Transactions, box 2 (Gross proceeds) should show the total amount you received for your home. 1040ez 2010 tax form   However, box 2 will not include the fair market value of any services or property other than cash or notes you received or will receive. 1040ez 2010 tax form Instead, box 4 will be checked to indicate your receipt or expected receipt of these items. 1040ez 2010 tax form Amount Realized The amount realized is the selling price minus selling expenses. 1040ez 2010 tax form Selling expenses. 1040ez 2010 tax form   Selling expenses include: Commissions, Advertising fees, Legal fees, and Loan charges paid by the seller, such as loan placement fees or “points. 1040ez 2010 tax form ” Adjusted Basis While you owned your home, you may have made adjustments (increases or decreases) to the basis. 1040ez 2010 tax form This adjusted basis must be determined before you can figure gain or loss on the sale of your home. 1040ez 2010 tax form For information on how to figure your home's adjusted basis, see Determining Basis , later. 1040ez 2010 tax form Amount of Gain or Loss To figure the amount of gain or loss, compare the amount realized to the adjusted basis. 1040ez 2010 tax form Gain on sale. 1040ez 2010 tax form   If the amount realized is more than the adjusted basis, the difference is a gain and, except for any part you can exclude, in most cases is taxable. 1040ez 2010 tax form Loss on sale. 1040ez 2010 tax form   If the amount realized is less than the adjusted basis, the difference is a loss. 1040ez 2010 tax form A loss on the sale of your main home cannot be deducted. 1040ez 2010 tax form Jointly owned home. 1040ez 2010 tax form   If you and your spouse sell your jointly owned home and file a joint return, you figure your gain or loss as one taxpayer. 1040ez 2010 tax form Separate returns. 1040ez 2010 tax form   If you file separate returns, each of you must figure your own gain or loss according to your ownership interest in the home. 1040ez 2010 tax form Your ownership interest is generally determined by state law. 1040ez 2010 tax form Joint owners not married. 1040ez 2010 tax form   If you and a joint owner other than your spouse sell your jointly owned home, each of you must figure your own gain or loss according to your ownership interest in the home. 1040ez 2010 tax form Each of you applies the rules discussed in this chapter on an individual basis. 1040ez 2010 tax form Dispositions Other Than Sales Some special rules apply to other dispositions of your main home. 1040ez 2010 tax form Foreclosure or repossession. 1040ez 2010 tax form   If your home was foreclosed on or repossessed, you have a disposition. 1040ez 2010 tax form See Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments, to determine if you have ordinary income, gain, or loss. 1040ez 2010 tax form Abandonment. 1040ez 2010 tax form   If you abandon your home, see Publication 4681 to determine if you have ordinary income, gain, or loss. 1040ez 2010 tax form Trading (exchanging) homes. 1040ez 2010 tax form   If you trade your old home for another home, treat the trade as a sale and a purchase. 1040ez 2010 tax form Example. 1040ez 2010 tax form You owned and lived in a home with an adjusted basis of $41,000. 1040ez 2010 tax form A real estate dealer accepted your old home as a trade-in and allowed you $50,000 toward a new home priced at $80,000. 1040ez 2010 tax form This is treated as a sale of your old home for $50,000 with a gain of $9,000 ($50,000 – $41,000). 1040ez 2010 tax form If the dealer had allowed you $27,000 and assumed your unpaid mortgage of $23,000 on your old home, your sales price would still be $50,000 (the $27,000 trade-in allowed plus the $23,000 mortgage assumed). 1040ez 2010 tax form Transfer to spouse. 1040ez 2010 tax form   If you transfer your home to your spouse or you transfer it to your former spouse incident to your divorce, you in most cases have no gain or loss. 1040ez 2010 tax form This is true even if you receive cash or other consideration for the home. 1040ez 2010 tax form As a result, the rules in this chapter do not apply. 1040ez 2010 tax form More information. 1040ez 2010 tax form   If you need more information, see Transfer to spouse in Publication 523 and Property Settlements in Publication 504, Divorced or Separated Individuals. 1040ez 2010 tax form Involuntary conversion. 1040ez 2010 tax form   You have a disposition when your home is destroyed or condemned and you receive other property or money in payment, such as insurance or a condemnation award. 1040ez 2010 tax form This is treated as a sale and you may be able to exclude all or part of any gain from the destruction or condemnation of your home, as explained later under Special Situations . 1040ez 2010 tax form Determining Basis You need to know your basis in your home to figure any gain or loss when you sell it. 1040ez 2010 tax form Your basis in your home is determined by how you got the home. 1040ez 2010 tax form Generally, your basis is its cost if you bought it or built it. 1040ez 2010 tax form If you got it in some other way (inheritance, gift, etc. 1040ez 2010 tax form ), your basis is generally either its fair market value when you received it or the adjusted basis of the previous owner. 1040ez 2010 tax form While you owned your home, you may have made adjustments (increases or decreases) to your home's basis. 1040ez 2010 tax form The result of these adjustments is your home's adjusted basis, which is used to figure gain or loss on the sale of your home. 1040ez 2010 tax form See Adjusted Basis , later. 1040ez 2010 tax form You can find more information on basis and adjusted basis in chapter 13 of this publication and in Publication 523. 1040ez 2010 tax form Cost As Basis The cost of property is the amount you paid for it in cash, debt obligations, other property, or services. 1040ez 2010 tax form Purchase. 1040ez 2010 tax form   If you bought your home, your basis is its cost to you. 1040ez 2010 tax form This includes the purchase price and certain settlement or closing costs. 1040ez 2010 tax form In most cases, your purchase price includes your down payment and any debt, such as a first or second mortgage or notes you gave the seller in payment for the home. 1040ez 2010 tax form If you build, or contract to build, a new home, your purchase price can include costs of construction, as discussed in Publication 523. 1040ez 2010 tax form Settlement fees or closing costs. 1040ez 2010 tax form   When you bought your home, you may have paid settlement fees or closing costs in addition to the contract price of the property. 1040ez 2010 tax form You can include in your basis some of the settlement fees and closing costs you paid for buying the home, but not the fees and costs for getting a mortgage loan. 1040ez 2010 tax form A fee paid for buying the home is any fee you would have had to pay even if you paid cash for the home (that is, without the need for financing). 1040ez 2010 tax form    Chapter 13 lists some of the settlement fees and closing costs that you can include in the basis of property, including your home. 1040ez 2010 tax form It also lists some settlement costs that cannot be included in basis. 1040ez 2010 tax form   Also see Publication 523 for additional items and a discussion of basis other than cost. 1040ez 2010 tax form Adjusted Basis Adjusted basis is your cost or other basis increased or decreased by certain amounts. 1040ez 2010 tax form To figure your adjusted basis, you can use Worksheet 1 in Publication 523. 1040ez 2010 tax form Do not use Worksheet 1 if you acquired an interest in your home from a decedent who died in 2010 and whose executor filed Form 8939, Allocation of Increase in Basis for Property Acquired From a Decedent. 1040ez 2010 tax form Increases to basis. 1040ez 2010 tax form   These include the following. 1040ez 2010 tax form Additions and other improvements that have a useful life of more than 1 year. 1040ez 2010 tax form Special assessments for local improvements. 1040ez 2010 tax form Amounts you spent after a casualty to restore damaged property. 1040ez 2010 tax form Improvements. 1040ez 2010 tax form   These add to the value of your home, prolong its useful life, or adapt it to new uses. 1040ez 2010 tax form You add the cost of additions and other improvements to the basis of your property. 1040ez 2010 tax form   For example, putting a recreation room or another bathroom in your unfinished basement, putting up a new fence, putting in new plumbing or wiring, putting on a new roof, or paving your unpaved driveway are improvements. 1040ez 2010 tax form An addition to your house, such as a new deck, a sunroom, or a new garage, is also an improvement. 1040ez 2010 tax form Repairs. 1040ez 2010 tax form   These maintain your home in good condition but do not add to its value or prolong its life. 1040ez 2010 tax form You do not add their cost to the basis of your property. 1040ez 2010 tax form   Examples of repairs include repainting your house inside or outside, fixing your gutters or floors, repairing leaks or plastering, and replacing broken window panes. 1040ez 2010 tax form Decreases to basis. 1040ez 2010 tax form   These include the following. 1040ez 2010 tax form Discharge of qualified principal residence indebtedness that was excluded from income. 1040ez 2010 tax form Some or all of the cancellation of debt income that was excluded due to your bankruptcy or insolvency. 1040ez 2010 tax form For details, see Publication 4681. 1040ez 2010 tax form Gain you postponed from the sale of a previous home before May 7, 1997. 1040ez 2010 tax form Deductible casualty losses. 1040ez 2010 tax form Insurance payments you received or expect to receive for casualty losses. 1040ez 2010 tax form Payments you received for granting an easement or right-of-way. 1040ez 2010 tax form Depreciation allowed or allowable if you used your home for business or rental purposes. 1040ez 2010 tax form Energy-related credits allowed for expenditures made on the residence. 1040ez 2010 tax form (Reduce the increase in basis otherwise allowable for expenditures on the residence by the amount of credit allowed for those expenditures. 1040ez 2010 tax form ) Adoption credit you claimed for improvements added to the basis of your home. 1040ez 2010 tax form Nontaxable payments from an adoption assistance program of your employer you used for improvements you added to the basis of your home. 1040ez 2010 tax form Energy conservation subsidy excluded from your gross income because you received it (directly or indirectly) from a public utility after 1992 to buy or install any energy conservation measure. 1040ez 2010 tax form An energy conservation measure is an installation or modification primarily designed either to reduce consumption of electricity or natural gas or to improve the management of energy demand for a home. 1040ez 2010 tax form District of Columbia first-time homebuyer credit (allowed on the purchase of a principal residence in the District of Columbia beginning on August 5, 1997 and before January 1, 2012). 1040ez 2010 tax form General sales taxes (allowed beginning 2004 and ending before 2014) claimed as an itemized deduction on Schedule A (Form 1040) that were imposed on the purchase of personal property, such as a houseboat used as your home or a mobile home. 1040ez 2010 tax form Discharges of qualified principal residence indebtedness. 1040ez 2010 tax form   You may be able to exclude from gross income a discharge of qualified principal residence indebtedness. 1040ez 2010 tax form This exclusion applies to discharges made after 2006 and before 2014. 1040ez 2010 tax form If you choose to exclude this income, you must reduce (but not below zero) the basis of the principal residence by the amount excluded from your gross income. 1040ez 2010 tax form   File Form 982 with your tax return. 1040ez 2010 tax form See the form's instructions for detailed information. 1040ez 2010 tax form Recordkeeping. 1040ez 2010 tax form You should keep records to prove your home's adjusted basis. 1040ez 2010 tax form Ordinarily, you must keep records for 3 years after the due date for filing your return for the tax year in which you sold your home. 1040ez 2010 tax form But if you sold a home before May 7, 1997, and postponed tax on any gain, the basis of that home affects the basis of the new home you bought. 1040ez 2010 tax form Keep records proving the basis of both homes as long as they are needed for tax purposes. 1040ez 2010 tax form The records you should keep include: Proof of the home's purchase price and purchase expenses, Receipts and other records for all improvements, additions, and other items that affect the home's adjusted basis, Any worksheets or other computations you used to figure the adjusted basis of the home you sold, the gain or loss on the sale, the exclusion, and the taxable gain, Any Form 982 you filed to report any discharge of qualified principal residence indebtedness, Any Form 2119, Sale of Your Home, you filed to postpone gain from the sale of a previous home before May 7, 1997, and Any worksheets you used to prepare Form 2119, such as the Adjusted Basis of Home Sold Worksheet or the Capital Improvements Worksheet from the Form 2119 instructions, or other source of computations. 1040ez 2010 tax form Excluding the Gain You may qualify to exclude from your income all or part of any gain from the sale of your main home. 1040ez 2010 tax form This means that, if you qualify, you will not have to pay tax on the gain up to the limit described under Maximum Exclusion , next. 1040ez 2010 tax form To qualify, you must meet the ownership and use tests described later. 1040ez 2010 tax form You can choose not to take the exclusion by including the gain from the sale in your gross income on your tax return for the year of the sale. 1040ez 2010 tax form You can use Worksheet 2 in Publication 523 to figure the amount of your exclusion and your taxable gain, if any. 1040ez 2010 tax form If you have any taxable gain from the sale of your home, you may have to increase your withholding or make estimated tax payments. 1040ez 2010 tax form See Publication 505, Tax Withholding and Estimated Tax. 1040ez 2010 tax form Maximum Exclusion You can exclude up to $250,000 of the gain (other than gain allocated to periods of nonqualified use) on the sale of your main home if all of the following are true. 1040ez 2010 tax form You meet the ownership test. 1040ez 2010 tax form You meet the use test. 1040ez 2010 tax form During the 2-year period ending on the date of the sale, you did not exclude gain from the sale of another home. 1040ez 2010 tax form For details on gain allocated to periods of nonqualified use, see Periods of nonqualified use , later. 1040ez 2010 tax form You may be able to exclude up to $500,000 of the gain (other than gain allocated to periods of nonqualified use) on the sale of your main home if you are married and file a joint return and meet the requirements listed in the discussion of the special rules for joint returns, later, under Married Persons . 1040ez 2010 tax form Ownership and Use Tests To claim the exclusion, you must meet the ownership and use tests. 1040ez 2010 tax form This means that during the 5-year period ending on the date of the sale, you must have: Owned the home for at least 2 years (the ownership test), and Lived in the home as your main home for at least 2 years (the use test). 1040ez 2010 tax form Exception. 1040ez 2010 tax form   If you owned and lived in the property as your main home for less than 2 years, you can still claim an exclusion in some cases. 1040ez 2010 tax form However, the maximum amount you may be able to exclude will be reduced. 1040ez 2010 tax form See Reduced Maximum Exclusion , later. 1040ez 2010 tax form Example 1—home owned and occupied for at least 2 years. 1040ez 2010 tax form Mya bought and moved into her main home in September 2011. 1040ez 2010 tax form She sold the home at a gain in October 2013. 1040ez 2010 tax form During the 5-year period ending on the date of sale in October 2013, she owned and lived in the home for more than 2 years. 1040ez 2010 tax form She meets the ownership and use tests. 1040ez 2010 tax form Example 2—ownership test met but use test not met. 1040ez 2010 tax form Ayden bought a home, lived in it for 6 months, moved out, and never occupied the home again. 1040ez 2010 tax form He later sold the home for a gain. 1040ez 2010 tax form He owned the home during the entire 5-year period ending on the date of sale. 1040ez 2010 tax form He meets the ownership test but not the use test. 1040ez 2010 tax form He cannot exclude any part of his gain on the sale unless he qualified for a reduced maximum exclusion (explained later). 1040ez 2010 tax form Period of Ownership and Use The required 2 years of ownership and use during the 5-year period ending on the date of the sale do not have to be continuous nor do they both have to occur at the same time. 1040ez 2010 tax form You meet the tests if you can show that you owned and lived in the property as your main home for either 24 full months or 730 days (365 × 2) during the 5-year period ending on the date of sale. 1040ez 2010 tax form Temporary absence. 1040ez 2010 tax form   Short temporary absences for vacations or other seasonal absences, even if you rent out the property during the absences, are counted as periods of use. 1040ez 2010 tax form The following examples assume that the reduced maximum exclusion (discussed later) does not apply to the sales. 1040ez 2010 tax form Example 1. 1040ez 2010 tax form David Johnson, who is single, bought and moved into his home on February 1, 2011. 1040ez 2010 tax form Each year during 2011 and 2012, David left his home for a 2-month summer vacation. 1040ez 2010 tax form David sold the house on March 1, 2013. 1040ez 2010 tax form Although the total time David used his home is less than 2 years (21 months), he meets the requirement and may exclude gain. 1040ez 2010 tax form The 2-month vacations are short temporary absences and are counted as periods of use in determining whether David used the home for the required 2 years. 1040ez 2010 tax form Example 2. 1040ez 2010 tax form Professor Paul Beard, who is single, bought and moved into a house on August 18, 2010. 1040ez 2010 tax form He lived in it as his main home continuously until January 5, 2012, when he went abroad for a 1-year sabbatical leave. 1040ez 2010 tax form On February 6, 2013, 1 month after returning from the leave, Paul sold the house at a gain. 1040ez 2010 tax form Because his leave was not a short temporary absence, he cannot include the period of leave to meet the 2-year use test. 1040ez 2010 tax form He cannot exclude any part of his gain, because he did not use the residence for the required 2 years. 1040ez 2010 tax form Ownership and use tests met at different times. 1040ez 2010 tax form   You can meet the ownership and use tests during different 2-year periods. 1040ez 2010 tax form However, you must meet both tests during the 5-year period ending on the date of the sale. 1040ez 2010 tax form Example. 1040ez 2010 tax form Beginning in 2002, Helen Jones lived in a rented apartment. 1040ez 2010 tax form The apartment building was later converted to condominiums, and she bought her same apartment on December 3, 2010. 1040ez 2010 tax form In 2011, Helen became ill and on April 14 of that year she moved to her daughter's home. 1040ez 2010 tax form On July 12, 2013, while still living in her daughter's home, she sold her condominium. 1040ez 2010 tax form Helen can exclude gain on the sale of her condominium because she met the ownership and use tests during the 5-year period from July 13, 2008, to July 12, 2013, the date she sold the condominium. 1040ez 2010 tax form She owned her condominium from December 3, 2010, to July 12, 2013 (more than 2 years). 1040ez 2010 tax form She lived in the property from July 13, 2008 (the beginning of the 5-year period), to April 14, 2011 (more than 2 years). 1040ez 2010 tax form The time Helen lived in her daughter's home during the 5-year period can be counted toward her period of ownership, and the time she lived in her rented apartment during the 5-year period can be counted toward her period of use. 1040ez 2010 tax form Cooperative apartment. 1040ez 2010 tax form   If you sold stock as a tenant-stockholder in a cooperative housing corporation, the ownership and use tests are met if, during the 5-year period ending on the date of sale, you: Owned the stock for at least 2 years, and Lived in the house or apartment that the stock entitles you to occupy as your main home for at least 2 years. 1040ez 2010 tax form Exceptions to Ownership and Use Tests The following sections contain exceptions to the ownership and use tests for certain taxpayers. 1040ez 2010 tax form Exception for individuals with a disability. 1040ez 2010 tax form   There is an exception to the use test if: You become physically or mentally unable to care for yourself, and You owned and lived in your home as your main home for a total of at least 1 year during the 5-year period before the sale of your home. 1040ez 2010 tax form Under this exception, you are considered to live in your home during any time within the 5-year period that you own the home and live in a facility (including a nursing home) licensed by a state or political subdivision to care for persons in your condition. 1040ez 2010 tax form If you meet this exception to the use test, you still have to meet the 2-out-of-5-year ownership test to claim the exclusion. 1040ez 2010 tax form Previous home destroyed or condemned. 1040ez 2010 tax form   For the ownership and use tests, you add the time you owned and lived in a previous home that was destroyed or condemned to the time you owned and lived in the replacement home on whose sale you wish to exclude gain. 1040ez 2010 tax form This rule applies if any part of the basis of the home you sold depended on the basis of the destroyed or condemned home. 1040ez 2010 tax form Otherwise, you must have owned and lived in the same home for 2 of the 5 years before the sale to qualify for the exclusion. 1040ez 2010 tax form Members of the uniformed services or Foreign Service, employees of the intelligence community, or employees or volunteers of the Peace Corps. 1040ez 2010 tax form   You can choose to have the 5-year test period for ownership and use suspended during any period you or your spouse serve on “qualified official extended duty” as a member of the uniformed services or Foreign Service of the United States, or as an employee of the intelligence community. 1040ez 2010 tax form You can choose to have the 5-year test period for ownership and use suspended during any period you or your spouse serve outside the United States either as an employee of the Peace Corps on "qualified official extended duty" or as an enrolled volunteer or volunteer leader of the Peace Corps. 1040ez 2010 tax form This means that you may be able to meet the 2-year use test even if, because of your service, you did not actually live in your home for at least the required 2 years during the 5-year period ending on the date of sale. 1040ez 2010 tax form   If this helps you qualify to exclude gain, you can choose to have the 5-year test period suspended by filing a return for the year of sale that does not include the gain. 1040ez 2010 tax form For more information about the suspension of the 5-year test period, see Members of the uniformed services or Foreign Service, employees of the intelligence community, or employees or volunteers of the Peace Corps in Publication 523. 1040ez 2010 tax form Married Persons If you and your spouse file a joint return for the year of sale and one spouse meets the ownership and use tests, you can exclude up to $250,000 of the gain. 1040ez 2010 tax form (But see Special rules for joint returns , next. 1040ez 2010 tax form ) Special rules for joint returns. 1040ez 2010 tax form   You can exclude up to $500,000 of the gain on the sale of your main home if all of the following are true. 1040ez 2010 tax form You are married and file a joint return for the year. 1040ez 2010 tax form Either you or your spouse meets the ownership test. 1040ez 2010 tax form Both you and your spouse meet the use test. 1040ez 2010 tax form During the 2-year period ending on the date of the sale, neither you nor your spouse excluded gain from the sale of another home. 1040ez 2010 tax form If either spouse does not satisfy all these requirements, the maximum exclusion that can be claimed by the couple is the total of the maximum exclusions that each spouse would qualify for if not married and the amounts were figured separately. 1040ez 2010 tax form For this purpose, each spouse is treated as owning the property during the period that either spouse owned the property. 1040ez 2010 tax form Example 1—one spouse sells a home. 1040ez 2010 tax form Emily sells her home in June 2013 for a gain of $300,000. 1040ez 2010 tax form She marries Jamie later in the year. 1040ez 2010 tax form She meets the ownership and use tests, but Jamie does not. 1040ez 2010 tax form Emily can exclude up to $250,000 of gain on a separate or joint return for 2013. 1040ez 2010 tax form The $500,000 maximum exclusion for certain joint returns does not apply because Jamie does not meet the use test. 1040ez 2010 tax form Example 2—each spouse sells a home. 1040ez 2010 tax form The facts are the same as in Example 1 except that Jamie also sells a home in 2013 for a gain of $200,000 before he marries Emily. 1040ez 2010 tax form He meets the ownership and use tests on his home, but Emily does not. 1040ez 2010 tax form Emily can exclude $250,000 of gain and Jamie can exclude $200,000 of gain on the respective sales of their individual homes. 1040ez 2010 tax form However, Emily cannot use Jamie's unused exclusion to exclude more than $250,000 of gain. 1040ez 2010 tax form Therefore, Emily and Jamie must recognize $50,000 of gain on the sale of Emily's home. 1040ez 2010 tax form The $500,000 maximum exclusion for certain joint returns does not apply because Emily and Jamie do not both meet the use test for the same home. 1040ez 2010 tax form Sale of main home by surviving spouse. 1040ez 2010 tax form   If your spouse died and you did not remarry before the date of sale, you are considered to have owned and lived in the property as your main home during any period of time when your spouse owned and lived in it as a main home. 1040ez 2010 tax form   If you meet all of the following requirements, you may qualify to exclude up to $500,000 of any gain from the sale or exchange of your main home. 1040ez 2010 tax form The sale or exchange took place after 2008. 1040ez 2010 tax form The sale or exchange took place no more than 2 years after the date of death of your spouse. 1040ez 2010 tax form You have not remarried. 1040ez 2010 tax form You and your spouse met the use test at the time of your spouse's death. 1040ez 2010 tax form You or your spouse met the ownership test at the time of your spouse's death. 1040ez 2010 tax form Neither you nor your spouse excluded gain from the sale of another home during the last 2 years. 1040ez 2010 tax form Example. 1040ez 2010 tax form   Harry owned and used a house as his main home since 2009. 1040ez 2010 tax form Harry and Wilma married on July 1, 2013, and from that date they use Harry's house as their main home. 1040ez 2010 tax form Harry died on August 15, 2013, and Wilma inherited the property. 1040ez 2010 tax form Wilma sold the property on September 3, 2013, at which time she had not remarried. 1040ez 2010 tax form Although Wilma owned and used the house for less than 2 years, Wilma is considered to have satisfied the ownership and use tests because her period of ownership and use includes the period that Harry owned and used the property before death. 1040ez 2010 tax form Home transferred from spouse. 1040ez 2010 tax form   If your home was transferred to you by your spouse (or former spouse if the transfer was incident to divorce), you are considered to have owned it during any period of time when your spouse owned it. 1040ez 2010 tax form Use of home after divorce. 1040ez 2010 tax form   You are considered to have used property as your main home during any period when: You owned it, and Your spouse or former spouse is allowed to live in it under a divorce or separation instrument and uses it as his or her main home. 1040ez 2010 tax form Reduced Maximum Exclusion If you fail to meet the requirements to qualify for the $250,000 or $500,000 exclusion, you may still qualify for a reduced exclusion. 1040ez 2010 tax form This applies to those who: Fail to meet the ownership and use tests, or Have used the exclusion within 2 years of selling their current home. 1040ez 2010 tax form In both cases, to qualify for a reduced exclusion, the sale of your main home must be due to one of the following reasons. 1040ez 2010 tax form A change in place of employment. 1040ez 2010 tax form Health. 1040ez 2010 tax form Unforeseen circumstances. 1040ez 2010 tax form Unforeseen circumstances. 1040ez 2010 tax form   The sale of your main home is because of an unforeseen circumstance if your primary reason for the sale is the occurrence of an event that you could not reasonably have anticipated before buying and occupying your main home. 1040ez 2010 tax form   See Publication 523 for more information and to use Worksheet 3 to figure your reduced maximum exclusion. 1040ez 2010 tax form Business Use or Rental of Home You may be able to exclude gain from the sale of a home you have used for business or to produce rental income. 1040ez 2010 tax form But you must meet the ownership and use tests. 1040ez 2010 tax form Periods of nonqualified use. 1040ez 2010 tax form   In most cases, gain from the sale or exchange of your main home will not qualify for the exclusion to the extent that the gains are allocated to periods of nonqualified use. 1040ez 2010 tax form Nonqualified use is any period after 2008 during which neither you nor your spouse (or your former spouse) used the property as a main home with the following exceptions. 1040ez 2010 tax form Exceptions. 1040ez 2010 tax form   A period of nonqualified use does not include: Any portion of the 5-year period ending on the date of the sale or exchange after the last date you (or your spouse) use the property as a main home; Any period (not to exceed an aggregate period of 10 years) during which you (or your spouse) are serving on qualified official extended duty: As a member of the uniformed services; As a member of the Foreign Service of the United States; or As an employee of the intelligence community; and Any other period of temporary absence (not to exceed an aggregate period of 2 years) due to change of employment, health conditions, or such other unforeseen circumstances as may be specified by the IRS. 1040ez 2010 tax form The gain resulting from the sale of the property is allocated between qualified and nonqualified use periods based on the amount of time the property was held for qualified and nonqualified use. 1040ez 2010 tax form Gain from the sale or exchange of a main home allocable to periods of qualified use will continue to qualify for the exclusion for the sale of your main home. 1040ez 2010 tax form Gain from the sale or exchange of property allocable to nonqualified use will not qualify for the exclusion. 1040ez 2010 tax form Calculation. 1040ez 2010 tax form   To figure the portion of the gain allocated to the period of nonqualified use, multiply the gain by the following fraction:   Total nonqualified use during the period of ownership after 2008      Total period of ownership     This calculation can be found in Worksheet 2, line 10, in Publication 523. 1040ez 2010 tax form Example 1. 1040ez 2010 tax form On May 23, 2007, Amy, who is unmarried for all years in this example, bought a house. 1040ez 2010 tax form She moved in on that date and lived in it until May 31, 2009, when she moved out of the house and put it up for rent. 1040ez 2010 tax form The house was rented from June 1, 2009, to March 31, 2011. 1040ez 2010 tax form Amy claimed depreciation deductions in 2009 through 2011 totaling $10,000. 1040ez 2010 tax form Amy moved back into the house on April 1, 2011, and lived there until she sold it on January 31, 2013, for a gain of $200,000. 1040ez 2010 tax form During the 5-year period ending on the date of the sale (January 31, 2008-January 31, 2013), Amy owned and lived in the house for more than 2 years as shown in the following table. 1040ez 2010 tax form Five Year Period Used as  Home Used as  Rental 1/31/08 – 5/31/09 16 months       6/1/09 – 3/31/11   22 months 4/1/11 – 1/31/13 22 months         38 months 22 months During the period Amy owned the house (2,080 days), her period of nonqualified use was 668 days. 1040ez 2010 tax form Amy divides 668 by 2,080 and obtains a decimal (rounded to at least three decimal places) of 0. 1040ez 2010 tax form 321. 1040ez 2010 tax form To figure her gain attributable to the period of nonqualified use, she multiplies $190,000 (the gain not attributable to the $10,000 depreciation deduction) by 0. 1040ez 2010 tax form 321. 1040ez 2010 tax form Because the gain attributable to periods of nonqualified use is $60,990, Amy can exclude $129,010 of her gain. 1040ez 2010 tax form Example 2. 1040ez 2010 tax form William owned and used a house as his main home from 2007 through 2010. 1040ez 2010 tax form On January 1, 2011, he moved to another state. 1040ez 2010 tax form He rented his house from that date until April 30, 2013, when he sold it. 1040ez 2010 tax form During the 5-year period ending on the date of sale (May 1, 2008-April 30, 2013), William owned and lived in the house for more than 2 years. 1040ez 2010 tax form He must report the sale on Form 4797 because it was rental property at the time of sale. 1040ez 2010 tax form Because the period of nonqualified use does not include any part of the 5-year period after the last date William lived in the house, he has no period of nonqualified use. 1040ez 2010 tax form Because he met the ownership and use tests, he can exclude gain up to $250,000. 1040ez 2010 tax form However, he cannot exclude the part of the gain equal to the depreciation he claimed or could have claimed for renting the house, as explained next. 1040ez 2010 tax form Depreciation after May 6, 1997. 1040ez 2010 tax form   If you were entitled to take depreciation deductions because you used your home for business purposes or as rental property, you cannot exclude the part of your gain equal to any depreciation allowed or allowable as a deduction for periods after May 6, 1997. 1040ez 2010 tax form If you can show by adequate records or other evidence that the depreciation allowed was less than the amount allowable, then you may limit the amount of gain recognized to the depreciation allowed. 1040ez 2010 tax form See Publication 544 for more information. 1040ez 2010 tax form Property used partly for business or rental. 1040ez 2010 tax form   If you used property partly as a home and partly for business or to produce rental income, see Publication 523. 1040ez 2010 tax form Reporting the Sale Do not report the 2013 sale of your main home on your tax return unless: You have a gain and do not qualify to exclude all of it, You have a gain and choose not to exclude it, or You received Form 1099-S. 1040ez 2010 tax form If any of these conditions apply, report the entire gain or loss. 1040ez 2010 tax form For details on how to report the gain or loss, see the Instructions for Schedule D (Form 1040) and the Instructions for Form 8949. 1040ez 2010 tax form If you used the home for business or to produce rental income, you may have to use Form 4797 to report the sale of the business or rental part (or the sale of the entire property if used entirely for business or rental). 1040ez 2010 tax form See Business Use or Rental of Home in Publication 523 and the Instructions for Form 4797. 1040ez 2010 tax form Installment sale. 1040ez 2010 tax form    Some sales are made under arrangements that provide for part or all of the selling price to be paid in a later year. 1040ez 2010 tax form These sales are called “installment sales. 1040ez 2010 tax form ” If you finance the buyer's purchase of your home yourself instead of having the buyer get a loan or mortgage from a bank, you probably have an installment sale. 1040ez 2010 tax form You may be able to report the part of the gain you cannot exclude on the installment basis. 1040ez 2010 tax form    Use Form 6252, Installment Sale Income, to report the sale. 1040ez 2010 tax form Enter your exclusion on line 15 of Form 6252. 1040ez 2010 tax form Seller-financed mortgage. 1040ez 2010 tax form   If you sell your home and hold a note, mortgage, or other financial agreement, the payments you receive in most cases consist of both interest and principal. 1040ez 2010 tax form You must separately report as interest income the interest you receive as part of each payment. 1040ez 2010 tax form If the buyer of your home uses the property as a main or second home, you must also report the name, address, and social security number (SSN) of the buyer on line 1 of Schedule B (Form 1040A or 1040). 1040ez 2010 tax form The buyer must give you his or her SSN, and you must give the buyer your SSN. 1040ez 2010 tax form Failure to meet these requirements may result in a $50 penalty for each failure. 1040ez 2010 tax form If either you or the buyer does not have and is not eligible to get an SSN, see Social Security Number in chapter 1. 1040ez 2010 tax form More information. 1040ez 2010 tax form   For more information on installment sales, see Publication 537, Installment Sales. 1040ez 2010 tax form Special Situations The situations that follow may affect your exclusion. 1040ez 2010 tax form Sale of home acquired in a like-kind exchange. 1040ez 2010 tax form   You cannot claim the exclusion if: You acquired your home in a like-kind exchange (also known as a section 1031 exchange), or your basis in your home is determined by reference to the basis of the home in the hands of the person who acquired the property in a like-kind exchange (for example, you received the home from that person as a gift), and You sold the home during the 5-year period beginning with the date your home was acquired in the like-kind exchange. 1040ez 2010 tax form Gain from a like-kind exchange is not taxable at the time of the exchange. 1040ez 2010 tax form This means that gain will not be taxed until you sell or otherwise dispose of the property you receive. 1040ez 2010 tax form To defer gain from a like-kind exchange, you must have exchanged business or investment property for business or investment property of a like kind. 1040ez 2010 tax form For more information about like-kind exchanges, see Publication 544, Sales and Other Dispositions of Assets. 1040ez 2010 tax form Home relinquished in a like-kind exchange. 1040ez 2010 tax form   If you use your main home partly for business or rental purposes and then exchange the home for another property, see Publication 523. 1040ez 2010 tax form Expatriates. 1040ez 2010 tax form   You cannot claim the exclusion if the expatriation tax applies to you. 1040ez 2010 tax form The expatriation tax applies to certain U. 1040ez 2010 tax form S. 1040ez 2010 tax form citizens who have renounced their citizenship (and to certain long-term residents who have ended their residency). 1040ez 2010 tax form For more information about the expatriation tax, see Expatriation Tax in chapter 4 of Publication 519, U. 1040ez 2010 tax form S. 1040ez 2010 tax form Tax Guide for Aliens. 1040ez 2010 tax form Home destroyed or condemned. 1040ez 2010 tax form   If your home was destroyed or condemned, any gain (for example, because of insurance proceeds you received) qualifies for the exclusion. 1040ez 2010 tax form   Any part of the gain that cannot be excluded (because it is more than the maximum exclusion) can be postponed under the rules explained in: Publication 547, in the case of a home that was destroyed, or Publication 544, chapter 1, in the case of a home that was condemned. 1040ez 2010 tax form Sale of remainder interest. 1040ez 2010 tax form   Subject to the other rules in this chapter, you can choose to exclude gain from the sale of a remainder interest in your home. 1040ez 2010 tax form If you make this choice, you cannot choose to exclude gain from your sale of any other interest in the home that you sell separately. 1040ez 2010 tax form Exception for sales to related persons. 1040ez 2010 tax form   You cannot exclude gain from the sale of a remainder interest in your home to a related person. 1040ez 2010 tax form Related persons include your brothers, sisters, half-brothers, half-sisters, spouse, ancestors (parents, grandparents, etc. 1040ez 2010 tax form ), and lineal descendants (children, grandchildren, etc. 1040ez 2010 tax form ). 1040ez 2010 tax form Related persons also include certain corporations, partnerships, trusts, and exempt organizations. 1040ez 2010 tax form Recapturing (Paying Back) a Federal Mortgage Subsidy If you financed your home under a federally subsidized program (loans from tax-exempt qualified mortgage bonds or loans with mortgage credit certificates), you may have to recapture all or part of the benefit you received from that program when you sell or otherwise dispose of your home. 1040ez 2010 tax form You recapture the benefit by increasing your federal income tax for the year of the sale. 1040ez 2010 tax form You may have to pay this recapture tax even if you can exclude your gain from income under the rules discussed earlier; that exclusion does not affect the recapture tax. 1040ez 2010 tax form Loans subject to recapture rules. 1040ez 2010 tax form   The recapture applies to loans that: Came from the proceeds of qualified mortgage bonds, or Were based on mortgage credit certificates. 1040ez 2010 tax form The recapture also applies to assumptions of these loans. 1040ez 2010 tax form When recapture applies. 1040ez 2010 tax form   Recapture of the federal mortgage subsidy applies only if you meet both of the following conditions. 1040ez 2010 tax form You sell or otherwise dispose of your home at a gain within the first 9 years after the date you close your mortgage loan. 1040ez 2010 tax form Your income for the year of disposition is more than that year's adjusted qualifying income for your family size for that year (related to the income requirements a person must meet to qualify for the federally subsidized program). 1040ez 2010 tax form When recapture does not apply. 1040ez 2010 tax form   Recapture does not apply in any of the following situations. 1040ez 2010 tax form Your mortgage loan was a qualified home improvement loan (QHIL) of not more than $15,000 used for alterations, repairs, and improvements that protect or improve the basic livability or energy efficiency of your home. 1040ez 2010 tax form Your mortgage loan was a QHIL of not more than $150,000 in the case of a QHIL used to repair damage from Hurricane Katrina to homes in the hurricane disaster area; a QHIL funded by a qualified mortgage bond that is a qualified Gulf Opportunity Zone Bond; or a QHIL for an owner-occupied home in the Gulf Opportunity Zone (GO Zone), Rita GO Zone, or Wilma GO Zone. 1040ez 2010 tax form For more information, see Publication 4492, Information for Taxpayers Affected by Hurricanes Katrina, Rita, and Wilma. 1040ez 2010 tax form Also see Publication 4492-B, Information for Affected Taxpayers in the Midwestern Disaster Areas. 1040ez 2010 tax form The home is disposed of as a result of your death. 1040ez 2010 tax form You dispose of the home more than 9 years after the date you closed your mortgage loan. 1040ez 2010 tax form You transfer the home to your spouse, or to your former spouse incident to a divorce, where no gain is included in your income. 1040ez 2010 tax form You dispose of the home at a loss. 1040ez 2010 tax form Your home is destroyed by a casualty, and you replace it on its original site within 2 years after the end of the tax year when the destruction happened. 1040ez 2010 tax form The replacement period is extended for main homes destroyed in a federally declared disaster area, a Midwestern disaster area, the Kansas disaster area, and the Hurricane Katrina disaster area. 1040ez 2010 tax form For more information, see Replacement Period in Publication 547. 1040ez 2010 tax form You refinance your mortgage loan (unless you later meet the conditions listed previously under When recapture applies ). 1040ez 2010 tax form Notice of amounts. 1040ez 2010 tax form   At or near the time of settlement of your mortgage loan, you should receive a notice that provides the federally subsidized amount and other information you will need to figure your recapture tax. 1040ez 2010 tax form How to figure and report the recapture. 1040ez 2010 tax form    The recapture tax is figured on Form 8828. 1040ez 2010 tax form If you sell your home and your mortgage is subject to recapture rules, you must file Form 8828 even if you do not owe a recapture tax. 1040ez 2010 tax form Attach Form 8828 to your Form 1040. 1040ez 2010 tax form For more information, see Form 8828 and its instructions. 1040ez 2010 tax form Prev  Up  Next   Home   More Online Publications