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1040ez Form 2013

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1040ez Form 2013

1040ez form 2013 Publication 80 - Introductory Material Table of Contents Future Developments What's New Reminders Calendar Future Developments For the latest information about developments related to Publication 80 (Circular SS), such as legislation enacted after it was published, go to www. 1040ez form 2013 irs. 1040ez form 2013 gov/pub80. 1040ez form 2013 What's New Social security and Medicare tax for 2014. 1040ez form 2013  The social security tax rate is 6. 1040ez form 2013 2% each for the employee and employer, unchanged from 2013. 1040ez form 2013 The social security wage base limit is $117,000. 1040ez form 2013 The Medicare tax rate is 1. 1040ez form 2013 45% each for the employee and employer, unchanged from 2013. 1040ez form 2013 There is no wage base limit for Medicare tax. 1040ez form 2013 Social security and Medicare taxes apply to the wages of household workers you pay $1,900 or more in cash or an equivalent form of compensation. 1040ez form 2013 Social security and Medicare taxes apply to election workers who are paid $1,600 or more in cash or an equivalent form of compensation. 1040ez form 2013 Change of responsible party. 1040ez form 2013 . 1040ez form 2013  Beginning January 1, 2014, any entity with an employer identification number (EIN) must file Form 8822-B, Change of Address or Responsible Party—Business, to report the latest change to its responsible party. 1040ez form 2013 Form 8822-B must be filed within 60 days of the change. 1040ez form 2013 If the change in the identity of your responsible party occurred before 2014, and you have not previously notified the IRS of the change, file Form 8822-B before March 1, 2014, reporting only the most recent change. 1040ez form 2013 For a definition of “responsible party”, see the Form 8822-B instructions. 1040ez form 2013 Same-sex marriage. 1040ez form 2013  For federal tax purposes, individuals of the same sex are considered married if they were lawfully married in a state (or foreign country) whose laws authorize the marriage of two individuals of the same sex, even if the state (or foreign country) in which they now live does not recognize same-sex marriage. 1040ez form 2013 For more information, see Revenue Ruling 2013-17, 2013-38 I. 1040ez form 2013 R. 1040ez form 2013 B. 1040ez form 2013 201, available at www. 1040ez form 2013 irs. 1040ez form 2013 gov/irb/2013-38_IRB/ar07. 1040ez form 2013 html. 1040ez form 2013 Notice 2013-61 provides special administrative procedures for employers to make claims for refund or adjustments of overpayments of social security and Medicare taxes with respect to certain same-sex spouse benefits before expiration of the period of limitations. 1040ez form 2013 Notice 2013-61, 2013-44 I. 1040ez form 2013 R. 1040ez form 2013 B. 1040ez form 2013 432, is available at www. 1040ez form 2013 irs. 1040ez form 2013 gov/irb/2013-44_IRB/ar10. 1040ez form 2013 html. 1040ez form 2013 Reminders Additional Medicare Tax withholding. 1040ez form 2013  In addition to withholding Medicare tax at 1. 1040ez form 2013 45%, you must withhold a 0. 1040ez form 2013 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. 1040ez form 2013 You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. 1040ez form 2013 Additional Medicare Tax is only imposed on the employee. 1040ez form 2013 There is no employer share of Additional Medicare Tax. 1040ez form 2013 All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. 1040ez form 2013 For more information on what wages are subject to Medicare tax, see the chart, Special Rules for Various Types of Employment and Payments , in section 12. 1040ez form 2013 For more information on Additional Medicare Tax, visit IRS. 1040ez form 2013 gov and enter “Additional Medicare Tax” in the search box. 1040ez form 2013 Work opportunity tax credit for qualified tax-exempt organizations hiring qualified veterans. 1040ez form 2013  The work opportunity tax credit is available for eligible unemployed veterans who begin work on or after November 22, 2011, and before January 1, 2014. 1040ez form 2013 Qualified tax-exempt organizations that hire eligible unemployed veterans can claim the work opportunity tax credit against their payroll tax liability using Form 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans. 1040ez form 2013 For more information, visit IRS. 1040ez form 2013 gov and enter “work opportunity tax credit” in the search box. 1040ez form 2013 Outsourcing payroll duties. 1040ez form 2013  Employers are responsible to ensure that tax returns are filed and deposits and payments are made, even if the employer contracts with a third party to perform these acts. 1040ez form 2013 The employer remains responsible if the third party fails to perform any required action. 1040ez form 2013 If you choose to outsource any of your payroll and related tax duties (that is, withholding, reporting, and paying over social security, Medicare, FUTA, and income taxes) to a third-party payer such as a payroll service provider or reporting agent, visit IRS. 1040ez form 2013 gov and enter “outsourcing payroll duties” in the search box for helpful information on this topic. 1040ez form 2013 Residents of the Philippines working in the Commonwealth of the Northern Mariana Islands (CNMI). 1040ez form 2013  The IRS will not assert that an employer has understated liability for social security and Medicare taxes because they failed to treat services performed before January 1, 2015, in the CNMI by a resident of the Philippines as employment as defined under Internal Revenue Code section 3121(b). 1040ez form 2013 For more information, see Announcement 2012-43, 2012-51 I. 1040ez form 2013 R. 1040ez form 2013 B. 1040ez form 2013 723, available at www. 1040ez form 2013 irs. 1040ez form 2013 gov/irb/2012-51_IRB/ar15. 1040ez form 2013 html. 1040ez form 2013 CNMI government employees now subject to social security and Medicare taxes. 1040ez form 2013  Beginning in the fourth calendar quarter of 2012, CNMI government employees are subject to social security and Medicare taxes. 1040ez form 2013 COBRA premium assistance credit. 1040ez form 2013  The credit for COBRA premium assistance payments applies to premiums paid for employees involuntarily terminated between September 1, 2008 and May 31, 2010, and to premiums paid for up to 15 months. 1040ez form 2013 See COBRA premium assistance credit in Publication 15 (Circular E), Employer's Tax Guide. 1040ez form 2013 You can get Publication 15 (Circular E) at IRS. 1040ez form 2013 gov. 1040ez form 2013 You must receive written notice from the IRS to file Form 944. 1040ez form 2013  If you have been filing Forms 941-SS and believe your employment taxes for the calendar year will be $1,000 or less, and you would like to file Form 944, Employer's ANNUAL Federal Tax Return, instead of Forms 941-SS, you must contact the IRS to request to file Form 944. 1040ez form 2013 You must receive written notice from the IRS to file Form 944 instead of Forms 941-SS before you may file this form. 1040ez form 2013 For more information on requesting to file Form 944 visit IRS. 1040ez form 2013 gov and enter “file employment taxes annually” in the search box. 1040ez form 2013 Federal employers in the CNMI. 1040ez form 2013  The U. 1040ez form 2013 S. 1040ez form 2013 Treasury Department and the CNMI Division of Revenue and Taxation entered into an agreement under 5 USC 5517 in December 2006. 1040ez form 2013 Under this agreement, all federal employers (including the Department of Defense) are required to withhold CNMI income taxes (rather than federal income taxes) and deposit the CNMI taxes with the CNMI Treasury for employees who are subject to CNMI taxes and whose regular place of federal employment is in the CNMI. 1040ez form 2013 Federal employers are also required to file quarterly and annual reports with the CNMI Division of Revenue and Taxation. 1040ez form 2013 For questions, contact the CNMI Division of Revenue and Taxation. 1040ez form 2013 Change of address. 1040ez form 2013  Use Form 8822-B to notify the IRS of an address change. 1040ez form 2013 Do not mail Form 8822-B with your employment tax return. 1040ez form 2013 Federal tax deposits must be made by electronic funds transfer. 1040ez form 2013  You must use electronic funds transfer to make all federal tax deposits. 1040ez form 2013 Generally, electronic fund transfers are made using the Electronic Federal Tax Payment System (EFTPS). 1040ez form 2013 If you do not want to use EFTPS, you can arrange for your tax professional, financial institution, payroll service, or other trusted third party to make electronic deposits on your behalf. 1040ez form 2013 Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. 1040ez form 2013 EFTPS is a free service provided by the Department of Treasury. 1040ez form 2013 Services provided by your tax professional, financial institution, payroll service, or other third party may have a fee. 1040ez form 2013 For more information on making federal tax deposits, see How To Deposit in section 8. 1040ez form 2013 For more information about EFTPS or to enroll in EFTPS, visit the EFTPS website at www. 1040ez form 2013 eftps. 1040ez form 2013 gov or call 1-800-555-4477 (U. 1040ez form 2013 S. 1040ez form 2013 Virgin Islands only) or 303-967-5916 (toll call) or 1-800-733-4829 (TDD). 1040ez form 2013 Additional information about EFTPS is also available in Publication 966, Electronic Federal Tax Payment System: A Guide To Getting Started. 1040ez form 2013 Electronic filing and payment. 1040ez form 2013  Using electronic options can make filing a return and paying your federal tax easier. 1040ez form 2013 Use the Electronic Federal Tax Payment System (EFTPS) to make deposits or pay in full, whether you rely on a tax professional or prepare your own taxes. 1040ez form 2013 You can use IRS e-file to file certain returns. 1040ez form 2013 If there is a balance due on the return, you can e-file and e-pay in a single step by authorizing an electronic funds withdrawal (EFW) from your bank account while e-filing. 1040ez form 2013 Do not use EFW to pay taxes that are required to be deposited. 1040ez form 2013 Visit the IRS website at www. 1040ez form 2013 irs. 1040ez form 2013 gov/efile for more information on filing electronically. 1040ez form 2013 For more information on paying your taxes using EFW, visit the IRS website at www. 1040ez form 2013 irs. 1040ez form 2013 gov/e-pay. 1040ez form 2013 A fee may be charged to file electronically. 1040ez form 2013 For EFTPS, visit www. 1040ez form 2013 eftps. 1040ez form 2013 gov or call EFTPS Customer Service at 1-800-555-4477 (U. 1040ez form 2013 S. 1040ez form 2013 Virgin Islands only) or 303-967-5916 (toll call). 1040ez form 2013 For electronic filing of Forms W-2AS, W-2CM, W-2GU, W-2VI, Wage and Tax Statements; W-3SS, Transmittal of Wage and Tax Statements; and W-2c, Corrected Wage and Tax Statement, visit www. 1040ez form 2013 socialsecurity. 1040ez form 2013 gov/employer. 1040ez form 2013 If you are filing your tax return or paying your federal taxes electronically, a valid EIN is required. 1040ez form 2013 If a valid EIN is not provided, the return or payment will not be processed. 1040ez form 2013 This may result in penalties and delays in processing your return or payment. 1040ez form 2013 Electronic option for filing Forms W-2AS, W-2CM, W-2GU, or W-2VI. 1040ez form 2013  Employers in American Samoa, the CNMI, Guam, and the U. 1040ez form 2013 S. 1040ez form 2013 Virgin Islands can now use the Social Security Administration's W-2 Online service to create, save, print, and submit up to 50 Forms W-2AS, W-2CM, W-2GU, or W-2VI at a time over the Internet. 1040ez form 2013 Form W-3SS will be generated automatically based on your Forms W-2AS, W-2CM, W-2GU, or W-2VI. 1040ez form 2013 For more information, visit Social Security Administration's SSA website at www. 1040ez form 2013 ssa. 1040ez form 2013 gov/bso/bsowelcome. 1040ez form 2013 htm. 1040ez form 2013 Credit or debit card payments. 1040ez form 2013  For information on paying your taxes with a credit or debit card, visit the IRS website at www. 1040ez form 2013 irs. 1040ez form 2013 gov/e-pay. 1040ez form 2013 However, do not use credit or debit cards to make federal tax deposits. 1040ez form 2013 Hiring new employees. 1040ez form 2013  Record the number and name from each new employee's social security card. 1040ez form 2013 An employee who does not have a social security card should apply for one on Form SS-5, Application for a Social Security Card. 1040ez form 2013 See section 3. 1040ez form 2013 Reporting discrepancies between Forms 941-SS (or Form 944) and Forms W-2. 1040ez form 2013  File Schedule D (Form 941), Report of Discrepancies Caused by Acquisitions, Statutory Mergers, or Consolidations, to explain certain wage, tax, and payment discrepancies between Forms 941-SS (or Form 944), and Forms W-2 that were caused by acquisitions, statutory mergers, or consolidations. 1040ez form 2013 For more information, see the Instructions for Schedule D (Form 941). 1040ez form 2013 Apply for an employer identification number (EIN) online. 1040ez form 2013  You can apply for an EIN online by visiting IRS. 1040ez form 2013 gov and clicking on the Apply for an EIN Online link under Tools. 1040ez form 2013 Dishonored payments. 1040ez form 2013  Any form of payment that is dishonored and returned from a financial institution is subject to a penalty. 1040ez form 2013 The penalty is $25 or 2% of the payment, whichever is more. 1040ez form 2013 However, the penalty on dishonored payments of $24. 1040ez form 2013 99 or less is an amount equal to the payment. 1040ez form 2013 For example, a dishonored payment of $18 is charged a penalty of $18. 1040ez form 2013 Private delivery services. 1040ez form 2013  You can use certain private delivery services designated by the IRS to send tax returns or payments. 1040ez form 2013 The list includes only the following: DHL Express (DHL): DHL Same Day Service. 1040ez form 2013 Federal Express (FedEx): FedEx Priority Overnight, FedEx Standard Overnight, FedEx 2Day, FedEx International Priority, and FedEx International First. 1040ez form 2013 United Parcel Service (UPS): UPS Next Day Air, UPS Next Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A. 1040ez form 2013 M. 1040ez form 2013 , UPS Worldwide Express Plus, and UPS Worldwide Express. 1040ez form 2013 For the IRS mailing address to use if you are using a private delivery service, go to IRS. 1040ez form 2013 gov and enter “private delivery service” in the search box. 1040ez form 2013 Your private delivery service can tell you how to get written proof of the mailing date. 1040ez form 2013 Private delivery services cannot deliver items to P. 1040ez form 2013 O. 1040ez form 2013 boxes. 1040ez form 2013 You must use the U. 1040ez form 2013 S. 1040ez form 2013 Postal Service to mail any item to an IRS P. 1040ez form 2013 O. 1040ez form 2013 box address. 1040ez form 2013 Recordkeeping. 1040ez form 2013  Keep all records of employment taxes for 4 years. 1040ez form 2013 These should be available for IRS review. 1040ez form 2013 There is no required format for such records, but they should include your EIN; the amounts and dates of all wage payments (including fringe benefits) and tips reported; the names, addresses, and occupations of employees receiving such payments and their social security numbers; copies of returns filed; dates of employment; and the dates and amounts of deposits made. 1040ez form 2013 Farm employers must keep a record of the name, permanent address, and EIN of each crew leader. 1040ez form 2013 See Farm Crew Leaders in section 2. 1040ez form 2013 Disregarded entities and qualified subchapter S subsidiaries (QSubs). 1040ez form 2013  Eligible single-owner disregarded entities and QSubs are treated as separate entities for employment tax purposes. 1040ez form 2013 Eligible single-member entities that have not elected to be taxed as corporations must report and pay employment taxes on wages paid to their employees using the entities' own names and EINs. 1040ez form 2013 See Regulations sections 1. 1040ez form 2013 1361-4(a)(7) and 301. 1040ez form 2013 7701-2(c)(2)(iv). 1040ez form 2013 Photographs of missing children. 1040ez form 2013  The IRS is a proud partner with the National Center for Missing and Exploited Children. 1040ez form 2013 Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. 1040ez form 2013 You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. 1040ez form 2013 Calendar   If any date for filing a return, furnishing a form, or depositing taxes falls on a Saturday, Sunday, or legal holiday, the due date is the next business day. 1040ez form 2013 A statewide legal holiday delays a filing due date only if the IRS office where you are required to file is located in that state. 1040ez form 2013 However, a statewide legal holiday does not delay the due date of federal tax deposits. 1040ez form 2013 See Deposits on Business Days Only in section 8. 1040ez form 2013 For any filing due date, you will meet the “file” or “furnish” requirement if the envelope containing the return or form is properly addressed, contains sufficient postage, and is postmarked by the U. 1040ez form 2013 S. 1040ez form 2013 Postal Service on or before the due date, or sent by an IRS-designated delivery service on or before the due date. 1040ez form 2013 See Private delivery services under Reminders. 1040ez form 2013 The following are important dates and responsibilities. 1040ez form 2013 Also see Publication 509, Tax Calendars. 1040ez form 2013 By January 31. 1040ez form 2013   Furnish wage and tax statements to employees. 1040ez form 2013 Give each employee a completed Form W-2AS, W-2CM, W-2GU, or W-2VI. 1040ez form 2013 See section 10 for more information. 1040ez form 2013 File Form 943, Employer's Annual Federal Tax Return for Agricultural Employees, with the IRS. 1040ez form 2013 If you deposited all Form 943 taxes when due, you have 10 additional calendar days to file. 1040ez form 2013 U. 1040ez form 2013 S. 1040ez form 2013 Virgin Islands employers only must file Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return, with the IRS. 1040ez form 2013 Pay or deposit (if more than $500) any balance of the tax due. 1040ez form 2013 If you deposited the full amount of taxes when due, you have 10 additional calendar days to file. 1040ez form 2013 File Form 944 with the IRS if you were notified by the IRS to file Form 944 instead of quarterly Forms 941-SS. 1040ez form 2013 If you deposited the full amount of taxes when due, you have 10 additional calendar days to file. 1040ez form 2013 By February 28. 1040ez form 2013  File paper wage and tax statements with the Social Security Administration (SSA). 1040ez form 2013 File Copy A of Forms W-2AS, W-2CM, W-2GU, or W-2VI, and Form W-3SS with the Social Security Administration (SSA). 1040ez form 2013 For electronically filed returns, see By March 31 next. 1040ez form 2013 By March 31. 1040ez form 2013  File electronic Forms W-2AS, W-2CM, W-2GU, or W-2VI with the SSA. 1040ez form 2013 Visit the SSA's Reporting Instructions & Information webpage at www. 1040ez form 2013 socialsecurity. 1040ez form 2013 gov/employer for more information. 1040ez form 2013 By April 30, July 31, October 31, and January 31. 1040ez form 2013  File Form 941-SS with the IRS. 1040ez form 2013 If you deposited the full amount of taxes when due, you have 10 additional calendar days to file. 1040ez form 2013 Do not file Forms 941-SS for these quarters if you have been notified to file Form 944 and you did not request to file quarterly Forms 941-SS. 1040ez form 2013 Deposit FUTA tax for the quarter (including any amount carried over from other quarters) if over $500. 1040ez form 2013 If $500 or less, carry it over to the next quarter. 1040ez form 2013 See section 11 for more information. 1040ez form 2013 Prev  Up  Next   Home   More Online Publications
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The 1040ez Form 2013

1040ez form 2013 8. 1040ez form 2013   Dividends and Other Distributions Table of Contents Reminder Introduction Useful Items - You may want to see: General InformationDividends not reported on Form 1099-DIV. 1040ez form 2013 Reporting tax withheld. 1040ez form 2013 Nominees. 1040ez form 2013 Ordinary DividendsQualified Dividends Dividends Used to Buy More Stock Money Market Funds Capital Gain DistributionsBasis adjustment. 1040ez form 2013 Nondividend DistributionsLiquidating Distributions Distributions of Stock and Stock Rights Other DistributionsInformation reporting requirement. 1040ez form 2013 Alternative minimum tax treatment. 1040ez form 2013 How To Report Dividend IncomeInvestment interest deducted. 1040ez form 2013 Reminder Foreign-source income. 1040ez form 2013  If you are a U. 1040ez form 2013 S. 1040ez form 2013 citizen with dividend income from sources outside the United States (foreign-source income), you must report that income on your tax return unless it is exempt by U. 1040ez form 2013 S. 1040ez form 2013 law. 1040ez form 2013 This is true whether you reside inside or outside the United States and whether or not you receive a Form 1099 from the foreign payer. 1040ez form 2013 Introduction This chapter discusses the tax treatment of: Ordinary dividends, Capital gain distributions, Nondividend distributions, and Other distributions you may receive from a corporation or a mutual fund. 1040ez form 2013 This chapter also explains how to report dividend income on your tax return. 1040ez form 2013 Dividends are distributions of money, stock, or other property paid to you by a corporation or by a mutual fund. 1040ez form 2013 You also may receive dividends through a partnership, an estate, a trust, or an association that is taxed as a corporation. 1040ez form 2013 However, some amounts you receive that are called dividends are actually interest income. 1040ez form 2013 (See Dividends that are actually interest under Taxable Interest in chapter 7. 1040ez form 2013 ) Most distributions are paid in cash (or check). 1040ez form 2013 However, distributions can consist of more stock, stock rights, other property, or services. 1040ez form 2013 Useful Items - You may want to see: Publication 514 Foreign Tax Credit for Individuals 550 Investment Income and Expenses Form (and Instructions) Schedule B (Form 1040A or 1040) Interest and Ordinary Dividends General Information This section discusses general rules for dividend income. 1040ez form 2013 Tax on unearned income of certain children. 1040ez form 2013   Part of a child's 2013 unearned income may be taxed at the parent's tax rate. 1040ez form 2013 If it is, Form 8615, Tax for Certain Children Who Have Unearned Income, must be completed and attached to the child's tax return. 1040ez form 2013 If not, Form 8615 is not required and the child's income is taxed at his or her own tax rate. 1040ez form 2013    Some parents can choose to include the child's interest and dividends on the parent's return if certain requirements are met. 1040ez form 2013 Use Form 8814, Parents' Election To Report Child's Interest and Dividends, for this purpose. 1040ez form 2013   For more information about the tax on unearned income of children and the parents' election, see chapter 31. 1040ez form 2013 Beneficiary of an estate or trust. 1040ez form 2013    Dividends and other distributions you receive as a beneficiary of an estate or trust are generally taxable income. 1040ez form 2013 You should receive a Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc. 1040ez form 2013 , from the fiduciary. 1040ez form 2013 Your copy of Schedule K-1 (Form 1041) and its instructions will tell you where to report the income on your Form 1040. 1040ez form 2013 Social security number (SSN) or individual taxpayer identification number (ITIN). 1040ez form 2013    You must give your SSN or ITIN to any person required by federal tax law to make a return, statement, or other document that relates to you. 1040ez form 2013 This includes payers of dividends. 1040ez form 2013 If you do not give your SSN or ITIN to the payer of dividends, you may have to pay a penalty. 1040ez form 2013 For more information on SSNs and ITINs, see Social Security Number (SSN) in chapter 1. 1040ez form 2013 Backup withholding. 1040ez form 2013   Your dividend income is generally not subject to regular withholding. 1040ez form 2013 However, it may be subject to backup withholding to ensure that income tax is collected on the income. 1040ez form 2013 Under backup withholding, the payer of dividends must withhold, as income tax, on the amount you are paid, applying the appropriate withholding rate. 1040ez form 2013   Backup withholding may also be required if the IRS has determined that you underreported your interest or dividend income. 1040ez form 2013 For more information, see Backup Withholding in chapter 4. 1040ez form 2013 Stock certificate in two or more names. 1040ez form 2013   If two or more persons hold stock as joint tenants, tenants by the entirety, or tenants in common, each person's share of any dividends from the stock is determined by local law. 1040ez form 2013 Form 1099-DIV. 1040ez form 2013   Most corporations and mutual funds use Form 1099-DIV, Dividends and Distributions, to show you the distributions you received from them during the year. 1040ez form 2013 Keep this form with your records. 1040ez form 2013 You do not have to attach it to your tax return. 1040ez form 2013 Dividends not reported on Form 1099-DIV. 1040ez form 2013   Even if you do not receive Form 1099-DIV, you must still report all your taxable dividend income. 1040ez form 2013 For example, you may receive distributive shares of dividends from partnerships or S corporations. 1040ez form 2013 These dividends are reported to you on Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc. 1040ez form 2013 , and Schedule K-1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc. 1040ez form 2013 Reporting tax withheld. 1040ez form 2013   If tax is withheld from your dividend income, the payer must give you a Form 1099-DIV that indicates the amount withheld. 1040ez form 2013 Nominees. 1040ez form 2013   If someone receives distributions as a nominee for you, that person should give you a Form 1099-DIV, which will show distributions received on your behalf. 1040ez form 2013 Form 1099-MISC. 1040ez form 2013   Certain substitute payments in lieu of dividends or tax-exempt interest received by a broker on your behalf must be reported to you on Form 1099-MISC, Miscellaneous Income, or a similar statement. 1040ez form 2013 See Reporting Substitute Payments under Short Sales in chapter 4 of Publication 550 for more information about reporting these payments. 1040ez form 2013 Incorrect amount shown on a Form 1099. 1040ez form 2013   If you receive a Form 1099 that shows an incorrect amount (or other incorrect information), you should ask the issuer for a corrected form. 1040ez form 2013 The new Form 1099 you receive will be marked “Corrected. 1040ez form 2013 ” Dividends on stock sold. 1040ez form 2013   If stock is sold, exchanged, or otherwise disposed of after a dividend is declared but before it is paid, the owner of record (usually the payee shown on the dividend check) must include the dividend in income. 1040ez form 2013 Dividends received in January. 1040ez form 2013   If a mutual fund (or other regulated investment company) or real estate investment trust (REIT) declares a dividend (including any exempt-interest dividend or capital gain distribution) in October, November, or December, payable to shareholders of record on a date in one of those months but actually pays the dividend during January of the next calendar year, you are considered to have received the dividend on December 31. 1040ez form 2013 You report the dividend in the year it was declared. 1040ez form 2013 Ordinary Dividends Ordinary (taxable) dividends are the most common type of distribution from a corporation or a mutual fund. 1040ez form 2013 They are paid out of earnings and profits and are ordinary income to you. 1040ez form 2013 This means they are not capital gains. 1040ez form 2013 You can assume that any dividend you receive on common or preferred stock is an ordinary dividend unless the paying corporation or mutual fund tells you otherwise. 1040ez form 2013 Ordinary dividends will be shown in box 1a of the Form 1099-DIV you receive. 1040ez form 2013 Qualified Dividends Qualified dividends are the ordinary dividends subject to the same 0%, 15%, or 20% maximum tax rate that applies to net capital gain. 1040ez form 2013 They should be shown in box 1b of the Form 1099-DIV you receive. 1040ez form 2013 The maximum rate of tax on qualified dividends is: 0% on any amount that otherwise would be taxed at a 10% or 15% rate. 1040ez form 2013 15% on any amount that otherwise would be taxed at rates greater than 15% but less than 39. 1040ez form 2013 6%. 1040ez form 2013 20% on any amount that otherwise would be taxed at a 39. 1040ez form 2013 6% rate. 1040ez form 2013 To qualify for the maximum rate, all of the following requirements must be met. 1040ez form 2013 The dividends must have been paid by a U. 1040ez form 2013 S. 1040ez form 2013 corporation or a qualified foreign corporation. 1040ez form 2013 (See Qualified foreign corporation , later. 1040ez form 2013 ) The dividends are not of the type listed later under Dividends that are not qualified dividends . 1040ez form 2013 You meet the holding period (discussed next). 1040ez form 2013 Holding period. 1040ez form 2013   You must have held the stock for more than 60 days during the 121-day period that begins 60 days before the ex-dividend date. 1040ez form 2013 The ex-dividend date is the first date following the declaration of a dividend on which the buyer of a stock is not entitled to receive the next dividend payment. 1040ez form 2013 Instead, the seller will get the dividend. 1040ez form 2013   When counting the number of days you held the stock, include the day you disposed of the stock, but not the day you acquired it. 1040ez form 2013 See the examples later. 1040ez form 2013 Exception for preferred stock. 1040ez form 2013   In the case of preferred stock, you must have held the stock more than 90 days during the 181-day period that begins 90 days before the ex-dividend date if the dividends are due to periods totaling more than 366 days. 1040ez form 2013 If the preferred dividends are due to periods totaling less than 367 days, the holding period in the previous paragraph applies. 1040ez form 2013 Example 1. 1040ez form 2013 You bought 5,000 shares of XYZ Corp. 1040ez form 2013 common stock on July 9, 2013. 1040ez form 2013 XYZ Corp. 1040ez form 2013 paid a cash dividend of 10 cents per share. 1040ez form 2013 The ex-dividend date was July 16, 2013. 1040ez form 2013 Your Form 1099-DIV from XYZ Corp. 1040ez form 2013 shows $500 in box 1a (ordinary dividends) and in box 1b (qualified dividends). 1040ez form 2013 However, you sold the 5,000 shares on August 12, 2013. 1040ez form 2013 You held your shares of XYZ Corp. 1040ez form 2013 for only 34 days of the 121-day period (from July 10, 2013, through August 12, 2013). 1040ez form 2013 The 121-day period began on May 17, 2013 (60 days before the ex-dividend date), and ended on September 14, 2013. 1040ez form 2013 You have no qualified dividends from XYZ Corp. 1040ez form 2013 because you held the XYZ stock for less than 61 days. 1040ez form 2013 Example 2. 1040ez form 2013 Assume the same facts as in Example 1 except that you bought the stock on July 15, 2013 (the day before the ex-dividend date), and you sold the stock on September 16, 2013. 1040ez form 2013 You held the stock for 63 days (from July 16, 2013, through September 16, 2013). 1040ez form 2013 The $500 of qualified dividends shown in box 1b of your Form 1099-DIV are all qualified dividends because you held the stock for 61 days of the 121-day period (from July 16, 2013, through September 14, 2013). 1040ez form 2013 Example 3. 1040ez form 2013 You bought 10,000 shares of ABC Mutual Fund common stock on July 9, 2013. 1040ez form 2013 ABC Mutual Fund paid a cash dividend of 10 cents a share. 1040ez form 2013 The ex-dividend date was July 16, 2013. 1040ez form 2013 The ABC Mutual Fund advises you that the portion of the dividend eligible to be treated as qualified dividends equals 2 cents per share. 1040ez form 2013 Your Form 1099-DIV from ABC Mutual Fund shows total ordinary dividends of $1,000 and qualified dividends of $200. 1040ez form 2013 However, you sold the 10,000 shares on August 12, 2013. 1040ez form 2013 You have no qualified dividends from ABC Mutual Fund because you held the ABC Mutual Fund stock for less than 61 days. 1040ez form 2013 Holding period reduced where risk of loss is diminished. 1040ez form 2013   When determining whether you met the minimum holding period discussed earlier, you cannot count any day during which you meet any of the following conditions. 1040ez form 2013 You had an option to sell, were under a contractual obligation to sell, or had made (and not closed) a short sale of substantially identical stock or securities. 1040ez form 2013 You were grantor (writer) of an option to buy substantially identical stock or securities. 1040ez form 2013 Your risk of loss is diminished by holding one or more other positions in substantially similar or related property. 1040ez form 2013   For information about how to apply condition (3), see Regulations section 1. 1040ez form 2013 246-5. 1040ez form 2013 Qualified foreign corporation. 1040ez form 2013   A foreign corporation is a qualified foreign corporation if it meets any of the following conditions. 1040ez form 2013 The corporation is incorporated in a U. 1040ez form 2013 S. 1040ez form 2013 possession. 1040ez form 2013 The corporation is eligible for the benefits of a comprehensive income tax treaty with the United States that the Treasury Department determines is satisfactory for this purpose and that includes an exchange of information program. 1040ez form 2013 For a list of those treaties, see Table 8-1. 1040ez form 2013 The corporation does not meet (1) or (2) above, but the stock for which the dividend is paid is readily tradable on an established securities market in the United States. 1040ez form 2013 See Readily tradable stock , later. 1040ez form 2013 Exception. 1040ez form 2013   A corporation is not a qualified foreign corporation if it is a passive foreign investment company during its tax year in which the dividends are paid or during its previous tax year. 1040ez form 2013 Readily tradable stock. 1040ez form 2013   Any stock (such as common, ordinary, or preferred) or an American depositary receipt in respect of that stock is considered to satisfy requirement (3) under Qualified foreign corporation , if it is listed on a national securities exchange that is registered under section 6 of the Securities Exchange Act of 1934 or on the Nasdaq Stock Market. 1040ez form 2013 For a list of the exchanges that meet these requirements, see www. 1040ez form 2013 sec. 1040ez form 2013 gov/divisions/marketreg/mrexchanges. 1040ez form 2013 shtml. 1040ez form 2013 Dividends that are not qualified dividends. 1040ez form 2013   The following dividends are not qualified dividends. 1040ez form 2013 They are not qualified dividends even if they are shown in box 1b of Form 1099-DIV. 1040ez form 2013 Capital gain distributions. 1040ez form 2013 Dividends paid on deposits with mutual savings banks, cooperative banks, credit unions, U. 1040ez form 2013 S. 1040ez form 2013 building and loan associations, U. 1040ez form 2013 S. 1040ez form 2013 savings and loan associations, federal savings and loan associations, and similar financial institutions. 1040ez form 2013 (Report these amounts as interest income. 1040ez form 2013 ) Dividends from a corporation that is a tax-exempt organization or farmer's cooperative during the corporation's tax year in which the dividends were paid or during the corporation's previous tax year. 1040ez form 2013 Dividends paid by a corporation on employer securities held on the date of record by an employee stock ownership plan (ESOP) maintained by that corporation. 1040ez form 2013 Dividends on any share of stock to the extent you are obligated (whether under a short sale or otherwise) to make related payments for positions in substantially similar or related property. 1040ez form 2013 Payments in lieu of dividends, but only if you know or have reason to know the payments are not qualified dividends. 1040ez form 2013 Payments shown in Form 1099-DIV, box 1b, from a foreign corporation to the extent you know or have reason to know the payments are not qualified dividends. 1040ez form 2013 Table 8-1. 1040ez form 2013 Income Tax Treaties Income tax treaties the United States has with the following countries satisfy requirement (2) under Qualified foreign corporation. 1040ez form 2013 Australia Indonesia Romania Austria Ireland Russian Bangladesh Israel Federation Barbados Italy Slovak Belgium Jamaica Republic Bulgaria Japan Slovenia Canada Kazakhstan South Africa China Korea Spain Cyprus Latvia Sri Lanka Czech Lithuania Sweden Republic Luxembourg Switzerland Denmark Malta Thailand Egypt Mexico Trinidad and Estonia Morocco Tobago Finland Netherlands Tunisia France New Zealand Turkey Germany Norway Ukraine Greece Pakistan United Hungary Philippines Kingdom Iceland Poland Venezuela India Portugal     Dividends Used to Buy More Stock The corporation in which you own stock may have a dividend reinvestment plan. 1040ez form 2013 This plan lets you choose to use your dividends to buy (through an agent) more shares of stock in the corporation instead of receiving the dividends in cash. 1040ez form 2013 Most mutual funds also permit shareholders to automatically reinvest distributions in more shares in the fund, instead of receiving cash. 1040ez form 2013 If you use your dividends to buy more stock at a price equal to its fair market value, you still must report the dividends as income. 1040ez form 2013 If you are a member of a dividend reinvestment plan that lets you buy more stock at a price less than its fair market value, you must report as dividend income the fair market value of the additional stock on the dividend payment date. 1040ez form 2013 You also must report as dividend income any service charge subtracted from your cash dividends before the dividends are used to buy the additional stock. 1040ez form 2013 But you may be able to deduct the service charge. 1040ez form 2013 See chapter 28 for more information about deducting expenses of producing income. 1040ez form 2013 In some dividend reinvestment plans, you can invest more cash to buy shares of stock at a price less than fair market value. 1040ez form 2013 If you choose to do this, you must report as dividend income the difference between the cash you invest and the fair market value of the stock you buy. 1040ez form 2013 When figuring this amount, use the fair market value of the stock on the dividend payment date. 1040ez form 2013 Money Market Funds Report amounts you receive from money market funds as dividend income. 1040ez form 2013 Money market funds are a type of mutual fund and should not be confused with bank money market accounts that pay interest. 1040ez form 2013 Capital Gain Distributions Capital gain distributions (also called capital gain dividends) are paid to you or credited to your account by mutual funds (or other regulated investment companies) and real estate investment trusts (REITs). 1040ez form 2013 They will be shown in box 2a of the Form 1099-DIV you receive from the mutual fund or REIT. 1040ez form 2013 Report capital gain distributions as long-term capital gains, regardless of how long you owned your shares in the mutual fund or REIT. 1040ez form 2013 Undistributed capital gains of mutual funds and REITs. 1040ez form 2013    Some mutual funds and REITs keep their long-term capital gains and pay tax on them. 1040ez form 2013 You must treat your share of these gains as distributions, even though you did not actually receive them. 1040ez form 2013 However, they are not included on Form 1099-DIV. 1040ez form 2013 Instead, they are reported to you in box 1a of Form 2439. 1040ez form 2013   Report undistributed capital gains (box 1a of Form 2439) as long-term capital gains on Schedule D (Form 1040), column (h), line 11. 1040ez form 2013   The tax paid on these gains by the mutual fund or REIT is shown in box 2 of Form 2439. 1040ez form 2013 You take credit for this tax by including it on Form 1040, line 71, and checking box a on that line. 1040ez form 2013 Attach Copy B of Form 2439 to your return, and keep Copy C for your records. 1040ez form 2013 Basis adjustment. 1040ez form 2013   Increase your basis in your mutual fund, or your interest in a REIT, by the difference between the gain you report and the credit you claim for the tax paid. 1040ez form 2013 Additional information. 1040ez form 2013   For more information on the treatment of distributions from mutual funds, see Publication 550. 1040ez form 2013 Nondividend Distributions A nondividend distribution is a distribution that is not paid out of the earnings and profits of a corporation or a mutual fund. 1040ez form 2013 You should receive a Form 1099-DIV or other statement showing the nondividend distribution. 1040ez form 2013 On Form 1099-DIV, a nondividend distribution will be shown in box 3. 1040ez form 2013 If you do not receive such a statement, you report the distribution as an ordinary dividend. 1040ez form 2013 Basis adjustment. 1040ez form 2013   A nondividend distribution reduces the basis of your stock. 1040ez form 2013 It is not taxed until your basis in the stock is fully recovered. 1040ez form 2013 This nontaxable portion is also called a return of capital; it is a return of your investment in the stock of the company. 1040ez form 2013 If you buy stock in a corporation in different lots at different times, and you cannot definitely identify the shares subject to the nondividend distribution, reduce the basis of your earliest purchases first. 1040ez form 2013   When the basis of your stock has been reduced to zero, report any additional nondividend distribution you receive as a capital gain. 1040ez form 2013 Whether you report it as a long-term or short-term capital gain depends on how long you have held the stock. 1040ez form 2013 See Holding Period in chapter 14. 1040ez form 2013 Example. 1040ez form 2013 You bought stock in 2000 for $100. 1040ez form 2013 In 2003, you received a nondividend distribution of $80. 1040ez form 2013 You did not include this amount in your income, but you reduced the basis of your stock to $20. 1040ez form 2013 You received a nondividend distribution of $30 in 2013. 1040ez form 2013 The first $20 of this amount reduced your basis to zero. 1040ez form 2013 You report the other $10 as a long-term capital gain for 2013. 1040ez form 2013 You must report as a long-term capital gain any nondividend distribution you receive on this stock in later years. 1040ez form 2013 Liquidating Distributions Liquidating distributions, sometimes called liquidating dividends, are distributions you receive during a partial or complete liquidation of a corporation. 1040ez form 2013 These distributions are, at least in part, one form of a return of capital. 1040ez form 2013 They may be paid in one or more installments. 1040ez form 2013 You will receive Form 1099-DIV from the corporation showing you the amount of the liquidating distribution in box 8 or 9. 1040ez form 2013 For more information on liquidating distributions, see chapter 1 of Publication 550. 1040ez form 2013 Distributions of Stock and Stock Rights Distributions by a corporation of its own stock are commonly known as stock dividends. 1040ez form 2013 Stock rights (also known as “stock options”) are distributions by a corporation of rights to acquire the corporation's stock. 1040ez form 2013 Generally, stock dividends and stock rights are not taxable to you, and you do not report them on your return. 1040ez form 2013 Taxable stock dividends and stock rights. 1040ez form 2013   Distributions of stock dividends and stock rights are taxable to you if any of the following apply. 1040ez form 2013 You or any other shareholder have the choice to receive cash or other property instead of stock or stock rights. 1040ez form 2013 The distribution gives cash or other property to some shareholders and an increase in the percentage interest in the corporation's assets or earnings and profits to other shareholders. 1040ez form 2013 The distribution is in convertible preferred stock and has the same result as in (2). 1040ez form 2013 The distribution gives preferred stock to some common stock shareholders and common stock to other common stock shareholders. 1040ez form 2013 The distribution is on preferred stock. 1040ez form 2013 (The distribution, however, is not taxable if it is an increase in the conversion ratio of convertible preferred stock made solely to take into account a stock dividend, stock split, or similar event that would otherwise result in reducing the conversion right. 1040ez form 2013 )   The term “stock” includes rights to acquire stock, and the term “shareholder” includes a holder of rights or of convertible securities. 1040ez form 2013 If you receive taxable stock dividends or stock rights, include their fair market value at the time of distribution in your income. 1040ez form 2013 Preferred stock redeemable at a premium. 1040ez form 2013   If you hold preferred stock having a redemption price higher than its issue price, the difference (the redemption premium) generally is taxable as a constructive distribution of additional stock on the preferred stock. 1040ez form 2013 For more information, see chapter 1 of Publication 550. 1040ez form 2013 Basis. 1040ez form 2013   Your basis in stock or stock rights received in a taxable distribution is their fair market value when distributed. 1040ez form 2013 If you receive stock or stock rights that are not taxable to you, see Stocks and Bonds under Basis of Investment Property in chapter 4 of Publication 550 for information on how to figure their basis. 1040ez form 2013 Fractional shares. 1040ez form 2013    You may not own enough stock in a corporation to receive a full share of stock if the corporation declares a stock dividend. 1040ez form 2013 However, with the approval of the shareholders, the corporation may set up a plan in which fractional shares are not issued but instead are sold, and the cash proceeds are given to the shareholders. 1040ez form 2013 Any cash you receive for fractional shares under such a plan is treated as an amount realized on the sale of the fractional shares. 1040ez form 2013 Report this transaction on Form 8949, Sales and Other Dispositions of Capital Assets. 1040ez form 2013 Enter your gain or loss, the difference between the cash you receive and the basis of the fractional shares sold, in column (h) of Schedule D (Form 1040) in Part I or Part II, whichever is appropriate. 1040ez form 2013    Report these transactions on Form 8949 with the correct box checked. 1040ez form 2013   For more information on Form 8949 and Schedule D (Form 1040), see chapter 4 of Publication 550. 1040ez form 2013 Also see the Instructions for Form 8949 and the Instructions for Schedule D (Form 1040). 1040ez form 2013 Example. 1040ez form 2013 You own one share of common stock that you bought on January 3, 2004, for $100. 1040ez form 2013 The corporation declared a common stock dividend of 5% on June 29, 2013. 1040ez form 2013 The fair market value of the stock at the time the stock dividend was declared was $200. 1040ez form 2013 You were paid $10 for the fractional-share stock dividend under a plan described in the discussion above. 1040ez form 2013 You figure your gain or loss as follows: Fair market value of old stock $200. 1040ez form 2013 00 Fair market value of stock dividend (cash received) +10. 1040ez form 2013 00 Fair market value of old stock and stock dividend $210. 1040ez form 2013 00 Basis (cost) of old stock after the stock dividend (($200 ÷ $210) × $100) $95. 1040ez form 2013 24 Basis (cost) of stock dividend (($10 ÷ $210) × $100) + 4. 1040ez form 2013 76 Total $100. 1040ez form 2013 00 Cash received $10. 1040ez form 2013 00 Basis (cost) of stock dividend − 4. 1040ez form 2013 76 Gain $5. 1040ez form 2013 24 Because you had held the share of stock for more than 1 year at the time the stock dividend was declared, your gain on the stock dividend is a long-term capital gain. 1040ez form 2013 Scrip dividends. 1040ez form 2013   A corporation that declares a stock dividend may issue you a scrip certificate that entitles you to a fractional share. 1040ez form 2013 The certificate is generally nontaxable when you receive it. 1040ez form 2013 If you choose to have the corporation sell the certificate for you and give you the proceeds, your gain or loss is the difference between the proceeds and the portion of your basis in the corporation's stock allocated to the certificate. 1040ez form 2013   However, if you receive a scrip certificate that you can choose to redeem for cash instead of stock, the certificate is taxable when you receive it. 1040ez form 2013 You must include its fair market value in income on the date you receive it. 1040ez form 2013 Other Distributions You may receive any of the following distributions during the year. 1040ez form 2013 Exempt-interest dividends. 1040ez form 2013   Exempt-interest dividends you receive from a mutual fund or other regulated investment company, including those received from a qualified fund of funds in any tax year beginning after December 22, 2010, are not included in your taxable income. 1040ez form 2013 Exempt-interest dividends should be shown in box 10 of Form 1099-DIV. 1040ez form 2013 Information reporting requirement. 1040ez form 2013   Although exempt-interest dividends are not taxable, you must show them on your tax return if you have to file a return. 1040ez form 2013 This is an information reporting requirement and does not change the exempt-interest dividends to taxable income. 1040ez form 2013 Alternative minimum tax treatment. 1040ez form 2013   Exempt-interest dividends paid from specified private activity bonds may be subject to the alternative minimum tax. 1040ez form 2013 See Alternative Minimum Tax (AMT) in chapter 30 for more information. 1040ez form 2013 Dividends on insurance policies. 1040ez form 2013    Insurance policy dividends the insurer keeps and uses to pay your premiums are not taxable. 1040ez form 2013 However, you must report as taxable interest income the interest that is paid or credited on dividends left with the insurance company. 1040ez form 2013    If dividends on an insurance contract (other than a modified endowment contract) are distributed to you, they are a partial return of the premiums you paid. 1040ez form 2013 Do not include them in your gross income until they are more than the total of all net premiums you paid for the contract. 1040ez form 2013 Report any taxable distributions on insurance policies on Form 1040, line 21. 1040ez form 2013 Dividends on veterans' insurance. 1040ez form 2013   Dividends you receive on veterans' insurance policies are not taxable. 1040ez form 2013 In addition, interest on dividends left with the Department of Veterans Affairs is not taxable. 1040ez form 2013 Patronage dividends. 1040ez form 2013   Generally, patronage dividends you receive in money from a cooperative organization are included in your income. 1040ez form 2013   Do not include in your income patronage dividends you receive on: Property bought for your personal use, or Capital assets or depreciable property bought for use in your business. 1040ez form 2013 But you must reduce the basis (cost) of the items bought. 1040ez form 2013 If the dividend is more than the adjusted basis of the assets, you must report the excess as income. 1040ez form 2013   These rules are the same whether the cooperative paying the dividend is a taxable or tax-exempt cooperative. 1040ez form 2013 Alaska Permanent Fund dividends. 1040ez form 2013    Do not report these amounts as dividends. 1040ez form 2013 Instead, report these amounts on Form 1040, line 21; Form 1040A, line 13; or Form 1040EZ, line 3. 1040ez form 2013 How To Report Dividend Income Generally, you can use either Form 1040 or Form 1040A to report your dividend income. 1040ez form 2013 Report the total of your ordinary dividends on line 9a of Form 1040 or Form 1040A. 1040ez form 2013 Report qualified dividends on line 9b of Form 1040 or Form 1040A. 1040ez form 2013 If you receive capital gain distributions, you may be able to use Form 1040A or you may have to use Form 1040. 1040ez form 2013 See Exceptions to filing Form 8949 and Schedule D (Form 1040) in chapter 16. 1040ez form 2013 If you receive nondividend distributions required to be reported as capital gains, you must use Form 1040. 1040ez form 2013 You cannot use Form 1040EZ if you receive any dividend income. 1040ez form 2013 Form 1099-DIV. 1040ez form 2013   If you owned stock on which you received $10 or more in dividends and other distributions, you should receive a Form 1099-DIV. 1040ez form 2013 Even if you do not receive Form 1099-DIV, you must report all your dividend income. 1040ez form 2013   See Form 1099-DIV for more information on how to report dividend income. 1040ez form 2013 Form 1040A or 1040. 1040ez form 2013    You must complete Schedule B (Form 1040A or 1040), Part II, and attach it to your Form 1040A or 1040, if: Your ordinary dividends (Form 1099-DIV, box 1a) are more than $1,500, or You received, as a nominee, dividends that actually belong to someone else. 1040ez form 2013 If your ordinary dividends are more than $1,500, you must also complete Schedule B (Form 1040A or 1040), Part III. 1040ez form 2013   List on Schedule B (Form 1040A or 1040), Part II, line 5, each payer's name and the ordinary dividends you received. 1040ez form 2013 If your securities are held by a brokerage firm (in “street name”), list the name of the brokerage firm shown on Form 1099-DIV as the payer. 1040ez form 2013 If your stock is held by a nominee who is the owner of record, and the nominee credited or paid you dividends on the stock, show the name of the nominee and the dividends you received or for which you were credited. 1040ez form 2013   Enter on line 6 the total of the amounts listed on line 5. 1040ez form 2013 Also enter this total on line 9a of Form 1040A or 1040. 1040ez form 2013 Qualified dividends. 1040ez form 2013   Report qualified dividends (Form 1099-DIV, box 1b) on line 9b of Form 1040 or Form 1040A. 1040ez form 2013 The amount in box 1b is already included in box 1a. 1040ez form 2013 Do not add the amount in box 1b to, or substract it from, the amount in box 1a. 1040ez form 2013   Do not include any of the following on line 9b. 1040ez form 2013 Qualified dividends you received as a nominee. 1040ez form 2013 See Nominees under How to Report Dividend Income in chapter 1 of Publication 550. 1040ez form 2013 Dividends on stock for which you did not meet the holding period. 1040ez form 2013 See Holding period , earlier under Qualified Dividends. 1040ez form 2013 Dividends on any share of stock to the extent you are obligated (whether under a short sale or otherwise) to make related payments for positions in substantially similar or related property. 1040ez form 2013 Payments in lieu of dividends, but only if you know or have reason to know the payments are not qualified dividends. 1040ez form 2013 Payments shown in Form 1099-DIV, box 1b, from a foreign corporation to the extent you know or have reason to know the payments are not qualified dividends. 1040ez form 2013   If you have qualified dividends, you must figure your tax by completing the Qualified Dividends and Capital Gain Tax Worksheet in the Form 1040 or 1040A instructions or the Schedule D Tax Worksheet in the Schedule D (Form 1040) instructions, whichever applies. 1040ez form 2013 Enter qualified dividends on line 2 of the worksheet. 1040ez form 2013 Investment interest deducted. 1040ez form 2013   If you claim a deduction for investment interest, you may have to reduce the amount of your qualified dividends that are eligible for the 0%, 15%, or 20% tax rate. 1040ez form 2013 Reduce it by the qualified dividends you choose to include in investment income when figuring the limit on your investment interest deduction. 1040ez form 2013 This is done on the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet. 1040ez form 2013 For more information about the limit on investment interest, see Investment expenses in chapter 23. 1040ez form 2013 Expenses related to dividend income. 1040ez form 2013   You may be able to deduct expenses related to dividend income if you itemize your deductions on Schedule A (Form 1040). 1040ez form 2013 See chapter 28 for general information about deducting expenses of producing income. 1040ez form 2013 More information. 1040ez form 2013    For more information about how to report dividend income, see chapter 1 of Publication 550 or the instructions for the form you must file. 1040ez form 2013 Prev  Up  Next   Home   More Online Publications