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1040ez form printable 12. 1040ez form printable   Self-Employment Tax Table of Contents What's New for 2013 What's New for 2014 Introduction Topics - This chapter discusses: Useful Items - You may want to see: Why Pay Self-Employment Tax? How To Pay Self-Employment TaxReplacing a lost social security card. 1040ez form printable Name change. 1040ez form printable Penalty for underpayment of estimated tax. 1040ez form printable Who Must Pay Self-Employment Tax?Limited partner. 1040ez form printable Community property. 1040ez form printable Figuring Self-Employment EarningsLandlord Participation in Farming Methods for Figuring Net EarningsRegular Method Farm Optional Method Nonfarm Optional Method Using Both Optional Methods Reporting Self-Employment Tax What's New for 2013 Tax rates. 1040ez form printable  For tax years beginning in 2013, the social security part of the self-employment tax increases from 10. 1040ez form printable 4% to 12. 1040ez form printable 4%. 1040ez form printable The Medicare part of the tax remains at 2. 1040ez form printable 9%. 1040ez form printable As a result, the self-employment tax is increased from 13. 1040ez form printable 3% to 15. 1040ez form printable 3%. 1040ez form printable Additional Medicare Tax. 1040ez form printable . 1040ez form printable  For tax years beginning in 2013, a 0. 1040ez form printable 9% Additional Medicare Tax applies to your Medicare wages, Railroad Retirement Tax Act (RRTA) compensation, and self-employment income above a threshold amount. 1040ez form printable Use Form 8959, Additional Medicare Tax, to figure this tax. 1040ez form printable For more information, see the Instructions for Form 8959. 1040ez form printable Maximum net earnings. 1040ez form printable  The maximum net self-employment earnings subject to the social security part (12. 1040ez form printable 4%) of the self-employment tax increased to $113,700 for 2013. 1040ez form printable There is no maximum limit on earnings subject to the Medicare part (2. 1040ez form printable 9%). 1040ez form printable What's New for 2014 Maximum net earnings. 1040ez form printable  The maximum net self-employment earnings subject to the social security part of the self-employment tax for 2014 will be discussed in the 2013 Publication 334. 1040ez form printable Introduction Self-employment tax (SE tax) is a social security and Medicare tax primarily for individuals who work for themselves. 1040ez form printable It is similar to the social security and Medicare taxes withheld from the pay of most wage earners. 1040ez form printable You usually have to pay SE tax if you are self-employed. 1040ez form printable You are usually self-employed if you operate your own farm on land you either own or rent. 1040ez form printable You have to figure SE tax on Schedule SE (Form 1040). 1040ez form printable Farmers who have employees may have to pay the employer's share of social security and Medicare taxes, as well. 1040ez form printable See chapter 13 for information on employment taxes. 1040ez form printable Self-employment tax rate. 1040ez form printable   For tax years beginning in 2013, the self-employment tax rate is 15. 1040ez form printable 3%. 1040ez form printable The rate consists of two parts: 12. 1040ez form printable 4% for social security (old-age, survivors, and disability insurance) and 2. 1040ez form printable 9% for Medicare (hospital insurance). 1040ez form printable Topics - This chapter discusses: Why pay self-employment tax How to pay self-employment tax Who must pay self-employment tax Figuring self-employment earnings Landlord participation in farming Methods for figuring net earnings Reporting self-employment tax Useful Items - You may want to see: Publication 541 Partnerships Form (and Instructions) 1040 U. 1040ez form printable S. 1040ez form printable Individual Income Tax Return Sch F (Form 1040) Profit or Loss From Farming Sch SE (Form 1040) Self-Employment Tax 1065 U. 1040ez form printable S. 1040ez form printable Return of Partnership Income Sch K-1 (Form 1065) Partner's Share of Income, Deductions, Credits, etc. 1040ez form printable See chapter 16 for information about getting publications and forms. 1040ez form printable Why Pay Self-Employment Tax? Social security benefits are available to self-employed persons just as they are to wage earners. 1040ez form printable Your payments of SE tax contribute to your coverage under the social security system. 1040ez form printable Social security coverage provides you with retirement benefits, disability benefits, survivor benefits, and hospital insurance (Medicare) benefits. 1040ez form printable How to become insured under social security. 1040ez form printable   You must be insured under the social security system before you begin receiving social security benefits. 1040ez form printable You are insured if you have the required number of credits (also called quarters of coverage). 1040ez form printable Earning credits in 2013. 1040ez form printable   You can earn a maximum of four credits per year. 1040ez form printable For 2013, you earn one credit for each $1,160 of combined wages and self-employment earnings subject to social security tax. 1040ez form printable You need $4,640 ($1,160 × 4) of combined wages and self-employment earnings subject to social security tax to earn four credits in 2013. 1040ez form printable It does not matter whether the income is earned in 1 quarter or is spread over 2 or more quarters. 1040ez form printable For an explanation of the number of credits you must have to be insured and the benefits available to you and your family under the social security program, consult your nearest Social Security Administration (SSA) office or visit the SSA website at www. 1040ez form printable socialsecurity. 1040ez form printable gov. 1040ez form printable Making false statements to get or to increase social security benefits may subject you to penalties. 1040ez form printable The Social Security Administration (SSA) time limit for posting self-employment earnings. 1040ez form printable   Generally, the SSA will give you credit only for self-employment earnings reported on a tax return filed within 3 years, 3 months, and 15 days after the tax year you earned the income. 1040ez form printable    If you file your tax return or report a change in your self-employment earnings after the SSA time limit for posting self-employment earnings, the SSA may change its records, but only to remove or reduce the amount. 1040ez form printable The SSA will not change its records to increase your self-employment earnings after the SSA time limit listed above. 1040ez form printable How To Pay Self-Employment Tax To pay SE tax, you must have a social security number (SSN) or an individual taxpayer identification number (ITIN). 1040ez form printable This section explains how to: Obtain an SSN or ITIN, and Pay your SE tax using estimated tax. 1040ez form printable An ITIN does not entitle you to social security benefits. 1040ez form printable Obtaining an ITIN does not change your immigration or employment status under U. 1040ez form printable S. 1040ez form printable law. 1040ez form printable Obtaining a social security number. 1040ez form printable   If you have never had an SSN, apply for one using Form SS-5, Application for a Social Security Card. 1040ez form printable The application is also available in Spanish. 1040ez form printable You can get this form at any Social Security office or by calling 1-800-772-1213. 1040ez form printable    You can also download Form SS-5 from the Social Security Administration website at  www. 1040ez form printable socialsecurity. 1040ez form printable gov. 1040ez form printable   If you have a social security number from the time you were an employee, you must use that number. 1040ez form printable Do not apply for a new one. 1040ez form printable Replacing a lost social security card. 1040ez form printable   If you have a number but lost your card, file Form SS-5. 1040ez form printable You will get a new card showing your original number, not a new number. 1040ez form printable Name change. 1040ez form printable   If your name has changed since you received your social security card, complete Form SS-5 to report a name change. 1040ez form printable Obtaining an individual taxpayer identification number. 1040ez form printable   The IRS will issue you an ITIN, for tax use only, if you are a nonresident or resident alien and you do not have, and are not eligible to get, an SSN. 1040ez form printable To apply for an ITIN, file Form W-7, Application for IRS Individual Taxpayer Identification Number. 1040ez form printable You can get this form by calling 1-800-829-3676. 1040ez form printable For more information on ITINs, see Publication 1915, Understanding Your IRS Individual Taxpayer Identification Number. 1040ez form printable Form W-7 and Publication 1915 are also available in Spanish. 1040ez form printable    You can also download Form W-7 from the IRS website at IRS. 1040ez form printable gov. 1040ez form printable Paying estimated tax. 1040ez form printable   Estimated tax is the method used to pay tax (including SE tax) on income not subject to withholding. 1040ez form printable You generally have to make estimated tax payments if you expect to owe tax, including SE tax, of $1,000 or more when you file your return. 1040ez form printable Use Form 1040-ES, Estimated Tax for Individuals, to figure and pay the tax. 1040ez form printable   However, if at least two-thirds of your gross income for 2013 or 2014 was from farming and you file your 2014 Form 1040 and pay all the tax due by March 2, 2015, you do not have to pay any estimated tax. 1040ez form printable For more information about estimated tax for farmers, see chapter 15. 1040ez form printable Penalty for underpayment of estimated tax. 1040ez form printable   You may have to pay a penalty if you do not pay enough estimated tax by its due date. 1040ez form printable Who Must Pay Self-Employment Tax? You must pay SE tax and file Schedule SE (Form 1040) if your net earnings from self-employment were $400 or more. 1040ez form printable The SE tax rules apply no matter how old you are and even if you are already receiving social security or Medicare benefits. 1040ez form printable Aliens. 1040ez form printable   Generally, resident aliens must pay self-employment tax under the same rules that apply to U. 1040ez form printable S. 1040ez form printable citizens. 1040ez form printable Nonresident aliens are not subject to self-employment tax. 1040ez form printable However, residents of the Virgin Islands, Puerto Rico, Guam, the Commonwealth of the Northern Mariana Islands, or American Samoa are subject to self-employment tax, as they are considered U. 1040ez form printable S. 1040ez form printable residents for self-employment tax purposes. 1040ez form printable For more information on aliens, see Publication 519, U. 1040ez form printable S. 1040ez form printable Tax Guide for Aliens. 1040ez form printable Are you self-employed?   You are self-employed if you carry on a trade or business (such as running a farm) as a sole proprietor, an independent contractor, a member of a partnership, or are otherwise in business for yourself. 1040ez form printable A trade or business is generally an activity carried on for a livelihood or in good faith to make a profit. 1040ez form printable Share farmer. 1040ez form printable   You are a self-employed farmer under an income-sharing arrangement if both the following apply. 1040ez form printable You produce a crop or raise livestock on land belonging to another person. 1040ez form printable Your share of the crop or livestock, or the proceeds from their sale, depends on the amount produced. 1040ez form printable Your net farm profit or loss from the income-sharing arrangement is reported on Schedule F (Form 1040) and included in your self-employment earnings. 1040ez form printable   If you produce a crop or livestock on land belonging to another person and are to receive a specified rate of pay, a fixed sum of money, or a fixed quantity of the crop or livestock, and not a share of the crop or livestock or their proceeds, you may be either self-employed or an employee of the landowner. 1040ez form printable This will depend on whether the landowner has the right to direct or control your performance of services. 1040ez form printable Example. 1040ez form printable A share farmer produces a crop on land owned by another person on a 50-50 crop-share basis. 1040ez form printable Under the terms of their agreement, the share farmer furnishes the labor and half the cost of seed and fertilizer. 1040ez form printable The landowner furnishes the machinery and equipment used to produce and harvest the crop, and half the cost of seed and fertilizer. 1040ez form printable The share farmer is provided a house in which to live. 1040ez form printable The landowner and the share farmer decide on a cropping plan. 1040ez form printable The share farmer is a self-employed farmer for purposes of the agreement to produce the crops, and the share farmer's part of the profit or loss from the crops is reported on Schedule F (Form 1040) and included in self-employment earnings. 1040ez form printable The tax treatment of the landowner is discussed later under Landlord Participation in Farming. 1040ez form printable Contract farming. 1040ez form printable   Under typical contract farming arrangements, the grower receives a fixed payment per unit of crops or finished livestock delivered to the processor or packing company. 1040ez form printable Since the grower typically furnishes labor and bears some production risk, the payments are reported on Schedule F and are therefore subject to self-employment tax. 1040ez form printable 4-H Club or FFA project. 1040ez form printable   If an individual participates in a 4-H Club or Future Farmers of America (FFA) project, any net income received from sales or prizes related to the project may be subject to income tax. 1040ez form printable Report the net income as “Other income” on line 21 of Form 1040. 1040ez form printable If necessary, attach a statement showing the gross income and expenses. 1040ez form printable The net income may not be subject to SE tax if the project is primarily for educational purposes and not for profit, and is completed by the individual under the rules and economic restrictions of the sponsoring 4-H or FFA organization. 1040ez form printable Such a project is generally not considered a trade or business. 1040ez form printable Partners in a partnership. 1040ez form printable   Generally, you are self-employed if you are a member of a partnership that carries on a trade or business. 1040ez form printable Limited partner. 1040ez form printable   If you are a limited partner, your partnership income is generally not subject to SE tax. 1040ez form printable However, guaranteed payments you receive for services you perform for the partnership are subject to SE tax and should be reported to you in box 14 of your Schedule K-1 (Form 1065). 1040ez form printable Business Owned and Operated by Spouses. 1040ez form printable   If you and your spouse jointly own and operate a farm as an unincorporated business and share in the profits and losses, you are partners in a partnership whether or not you have a formal partnership agreement. 1040ez form printable You must file Form 1065, instead of Schedule F, unless you make a joint election to be treated as a qualified joint venture. 1040ez form printable Making this election will allow you to avoid the complexity of Form 1065 but still give each spouse credit for social security earnings on which retirement benefits are based. 1040ez form printable Qualified joint venture. 1040ez form printable   If you and your spouse each materially participate as the only members of a jointly owned and operated farm, and you file a joint tax return for the tax year, you can make a joint election to be treated as a qualified joint venture instead of a partnership for the tax year. 1040ez form printable For an explanation of “material participation,” see the instructions for Schedule C, line G, and the instructions for Schedule F, line E. 1040ez form printable   To make this election, you must divide all items of income, gain, loss, deduction, and credit attributable to the business between you and your spouse in accordance with your respective interests in the venture. 1040ez form printable Each of you must file a separate Schedule F and a separate Schedule SE. 1040ez form printable For more information, see Qualified Joint Venture in the Instructions for Schedule SE (Form 1040). 1040ez form printable Spouse employee. 1040ez form printable   If your spouse is your employee, not your partner, you must withhold and pay social security and Medicare taxes for him or her. 1040ez form printable For more information about employment taxes, see chapter 13. 1040ez form printable Community property. 1040ez form printable   If you are a partner and your distributive share of any income or loss from a trade or business carried on by the partnership is community property, treat your share as your self-employment earnings. 1040ez form printable Do not treat any of your share as self-employment earnings of your spouse. 1040ez form printable Figuring Self-Employment Earnings Farmer. 1040ez form printable   If you are self-employed as a farmer, use Schedule F (Form 1040) to figure your self-employment earnings. 1040ez form printable Partnership income or loss. 1040ez form printable   If you are a member of a partnership that carries on a trade or business, the partnership should report your self-employment earnings in box 14, code A, of your Schedule K-1 (Form 1065). 1040ez form printable Box 14 of Schedule K-1 may also provide amounts for gross farming or fishing income (code B) and gross nonfarm income (code C). 1040ez form printable Use these amounts if you use the farm or nonfarm optional method to figure net earnings from self-employment (see Methods for Figuring Net Earnings , later). 1040ez form printable   If you are a general partner, you may need to reduce these reported earnings by amounts you claim as a section 179 deduction, unreimbursed partnership expenses, or depletion on oil and gas properties. 1040ez form printable   If the amount reported is a loss, include only the deductible amount when you figure your total self-employment earnings. 1040ez form printable   For more information, see the Partner's Instructions for Schedule K-1 (Form 1065). 1040ez form printable   For general information on partnerships, see Publication 541. 1040ez form printable More than one business. 1040ez form printable   If you have self-employment earnings from more than one trade, business, or profession, you generally must combine the net profit or loss from each to determine your total self-employment earnings. 1040ez form printable A loss from one business reduces your profit from another business. 1040ez form printable However, do not combine earnings from farm and nonfarm businesses if you are using one of the optional methods (discussed later) to figure net earnings. 1040ez form printable Community property. 1040ez form printable   If any of the income from a farm or business, other than a partnership, is community property under state law, it is included in the self-employment earnings of the spouse carrying on the trade or business. 1040ez form printable Lost income payments. 1040ez form printable   Lost income payments received from insurance or other sources for reducing or stopping farming activities are included in self-employment earnings. 1040ez form printable These include USDA payments to compensate for lost income resulting from reductions in tobacco quotas and allotments. 1040ez form printable Even if you are not farming when you receive the payment, it is included in self-employment earnings if it relates to your farm business (even though it is temporarily inactive). 1040ez form printable A connection exists if it is clear the payment would not have been made but for your conduct of your farm business. 1040ez form printable Gain or loss. 1040ez form printable   A gain or loss from the disposition of property that is neither stock in trade nor held primarily for sale to customers is not included in self-employment earnings. 1040ez form printable It does not matter whether the disposition is a sale, exchange, or involuntary conversion. 1040ez form printable For example, gains or losses from the disposition of the following types of property are not included in self-employment earnings. 1040ez form printable Investment property. 1040ez form printable Depreciable property or other fixed assets used in your trade or business. 1040ez form printable Livestock held for draft, breeding, sport, or dairy purposes, and not held primarily for sale, regardless of how long the livestock was held, or whether it was raised or purchased. 1040ez form printable Unharvested standing crops sold with land held more than 1 year. 1040ez form printable Timber, coal, or iron ore held for more than 1 year if an economic interest was retained, such as a right to receive coal royalties. 1040ez form printable   A gain or loss from the cutting of timber is not included in self-employment earnings if the cutting is treated as a sale or exchange. 1040ez form printable For more information on electing to treat the cutting of timber as a sale or exchange, see Timber in chapter 8. 1040ez form printable Wages and salaries. 1040ez form printable   Wages and salaries received for services performed as an employee and covered by social security or railroad retirement are not included in self-employment earnings. 1040ez form printable   Wages paid in kind to you for agricultural labor, such as commodity wages, are not included in self-employment earnings. 1040ez form printable Retired partner. 1040ez form printable   Retirement income received by a partner from his or her partnership under a written plan is not included in self-employment earnings if all the following apply. 1040ez form printable The retired partner performs no services for the partnership during the year. 1040ez form printable The retired partner is owed only the retirement payments. 1040ez form printable The retired partner's share (if any) of the partnership capital was fully paid to the retired partner. 1040ez form printable The payments to the retired partner are lifelong periodic payments. 1040ez form printable Conservation Reserve Program (CRP) payments. 1040ez form printable   Under the Conservation Reserve Program (CRP), if you own or operate highly erodible or other specified cropland, you may enter into a longterm contract with the USDA, agreeing to convert to a less intensive use of that cropland. 1040ez form printable You must include the annual rental payments and any onetime incentive payment you receive under the program on Schedule F, lines 4a and 4b. 1040ez form printable Cost share payments you receive may qualify for the costsharing exclusion. 1040ez form printable See Cost-Sharing Exclusion (Improvements), above. 1040ez form printable CRP payments are reported to you on Form 1099G. 1040ez form printable Individuals who are receiving Social Security retirement or disability benefits may exclude CRP payments when calculating self-employment tax. 1040ez form printable See the instructions for Schedule SE (Form 1040). 1040ez form printable Self-employed health insurance deduction. 1040ez form printable   You cannot deduct the self-employed health insurance deduction you report on Form 1040, line 29, from self-employment earnings on Schedule SE (Form 1040). 1040ez form printable Landlord Participation in Farming As a general rule, income and deductions from rentals and from personal property leased with real estate are not included in determining self-employment earnings. 1040ez form printable However, income and deductions from farm rentals, including government commodity program payments received by a landowner who rents land, are included if the rental arrangement provides that the landowner will, and does, materially participate in the production or management of production of the farm products on the land. 1040ez form printable Crop shares. 1040ez form printable   Rent paid in the form of crop shares is included in self-employment earnings for the year you sell, exchange, give away, or use the crop shares if you meet one of the four material participation tests (discussed next) at the time the crop shares are produced. 1040ez form printable Feeding such crop shares to livestock is considered using them. 1040ez form printable Your gross income for figuring your self-employment earnings includes the fair market value of the crop shares when they are used as feed. 1040ez form printable Material participation for landlords. 1040ez form printable   You materially participate if you have an arrangement with your tenant for your participation and you meet one or more of the following tests. 1040ez form printable You do at least three of the following. 1040ez form printable Pay, using cash or credit, at least half the direct costs of producing the crop or livestock. 1040ez form printable Furnish at least half the tools, equipment, and livestock used in the production activities. 1040ez form printable Advise or consult with your tenant. 1040ez form printable Inspect the production activities periodically. 1040ez form printable You regularly and frequently make, or take an important part in making, management decisions substantially contributing to or affecting the success of the enterprise. 1040ez form printable You work 100 hours or more spread over a period of 5 weeks or more in activities connected with agricultural production. 1040ez form printable You do things that, considered in their totality, show you are materially and significantly involved in the production of the farm commodities. 1040ez form printable These tests may be used as general guides for determining whether you are a material participant. 1040ez form printable Example. 1040ez form printable Drew Houston agrees to produce a crop on J. 1040ez form printable Clarke's cotton farm, with each receiving half the proceeds. 1040ez form printable Clarke advises Houston when to plant, spray, and pick the cotton. 1040ez form printable During the growing season, Clarke inspects the crop every few days to determine whether Houston is properly taking care of the crop. 1040ez form printable Houston furnishes all labor needed to grow and harvest the crop. 1040ez form printable The management decisions made by Clarke in connection with the care of the cotton crop and his regular inspection of the crop establish that he participates to a material degree in the cotton production operations. 1040ez form printable The income Clarke receives from his cotton farm is included in his self-employment earnings. 1040ez form printable Methods for Figuring Net Earnings There are three ways to figure your net earnings from self-employment. 1040ez form printable The regular method. 1040ez form printable The farm optional method. 1040ez form printable The nonfarm optional method. 1040ez form printable You must use the regular method unless you are eligible to use one or both of the optional methods. 1040ez form printable See Figure 12-1 , shown later. 1040ez form printable Figure 12-1. 1040ez form printable Can I Use the Optional Methods? Please click here for the text description of the image. 1040ez form printable Figure 12–1. 1040ez form printable Can I Use the Optional Methods? Why use an optional method?   You may want to use the optional methods (discussed later) when you have a loss or a small net profit and any one of the following applies. 1040ez form printable You want to receive credit for social security benefit coverage. 1040ez form printable You incurred child or dependent care expenses for which you could claim a credit. 1040ez form printable (An optional method may increase your earned income, which could increase your credit. 1040ez form printable ) You are entitled to the earned income credit. 1040ez form printable (An optional method may increase your earned income, which could increase your credit. 1040ez form printable ) You are entitled to the additional child tax credit. 1040ez form printable (An optional method may increase your earned income, which could increase your credit. 1040ez form printable ) Effects of using an optional method. 1040ez form printable   Using an optional method could increase your SE tax. 1040ez form printable Paying more SE tax may result in you getting higher social security disability or retirement benefits. 1040ez form printable   If you use either or both optional methods, you must figure and pay the SE tax due under these methods even if you would have had a smaller SE tax or no SE tax using the regular method. 1040ez form printable   The optional methods may be used only to figure your SE tax. 1040ez form printable To figure your income tax, include your actual self-employment earnings in gross income, regardless of which method you use to determine SE tax. 1040ez form printable Regular Method Multiply your total self-employment earnings by 92. 1040ez form printable 35% (. 1040ez form printable 9235) to get your net earnings under the regular method. 1040ez form printable See Short Schedule SE, line 4, or Long Schedule SE, line 4a. 1040ez form printable Net earnings figured using the regular method are also called “actual net earnings. 1040ez form printable ” Farm Optional Method Use the farm optional method only for self-employment earnings from a farming business. 1040ez form printable You can use this method if you meet either of the following tests. 1040ez form printable Your gross farm income is $6,960 or less. 1040ez form printable Your net farm profits are less than $5,024. 1040ez form printable Gross farm income. 1040ez form printable   Your gross farm income is the total of the amounts from: Schedule F (Form 1040), line 9, and Schedule K-1 (Form 1065), box 14, code B (from farm partnerships). 1040ez form printable Net farm profits. 1040ez form printable   Net farm profits generally are the total of the amounts from: Schedule F (Form 1040), line 34, and Schedule K-1 (Form 1065), box 14, code A (from farm partnerships). 1040ez form printable However, you may need to adjust the amount reported on Schedule K-1 if you are a general partner or if it is a loss. 1040ez form printable For more information, see Partnership income or loss , earlier. 1040ez form printable Figuring farm net earnings. 1040ez form printable   If you meet either of the two tests explained above, use Table 12-1. 1040ez form printable Figuring Farm Net Earnings , to figure your net earnings from self-employment under the farm optional method. 1040ez form printable Table 12-1. 1040ez form printable Figuring Farm Net Earnings IF your gross farm income  is. 1040ez form printable . 1040ez form printable . 1040ez form printable THEN your net earnings are equal to. 1040ez form printable . 1040ez form printable . 1040ez form printable $6,960 or less Two-thirds of your gross farm income. 1040ez form printable More than $6,960 $4,640 Optional method can reduce or eliminate SE tax. 1040ez form printable   If your gross farm income is $6,960 or less and your farm net earnings figured under the farm optional method are less than your actual net earnings, you can use the farm optional method to reduce or eliminate your SE tax. 1040ez form printable Your actual net earnings are your net earnings figured using the regular method, explained earlier. 1040ez form printable Example. 1040ez form printable Your gross farm income is $540 and your net farm profit is $460. 1040ez form printable Consequently, your net earnings figured under the farm optional method are $360 (2/3 of $540) and your actual net earnings are $425 (92. 1040ez form printable 35% of $460). 1040ez form printable You owe no SE tax if you use the optional method because your net earnings under the farm optional method are less than $400. 1040ez form printable Nonfarm Optional Method This is an optional method available for determining net earnings from nonfarm self-employment, much like the farm optional method. 1040ez form printable If you are also engaged in a nonfarm business, you may be able to use this method to figure your nonfarm net earnings. 1040ez form printable You can use this method even if you do not use the farm optional method for determining your farm net earnings and even if you have a net loss from your nonfarm business. 1040ez form printable For more information about the nonfarm optional method, see Publication 334. 1040ez form printable You cannot combine farm and nonfarm self-employment earnings to figure your net earnings under either of the optional methods. 1040ez form printable Using Both Optional Methods If you use both optional methods, you must add the net earnings figured under each method to arrive at your total net earnings from self-employment. 1040ez form printable You can report less than your total actual farm and nonfarm net earnings but not less than actual nonfarm net earnings. 1040ez form printable If you use both optional methods, you can report no more than $4,640 as your combined net earnings from self-employment. 1040ez form printable Reporting Self-Employment Tax Use Schedule SE (Form 1040) to figure and report your SE tax. 1040ez form printable Then, enter the SE tax on line 56 of Form 1040 and attach Schedule SE to Form 1040. 1040ez form printable Most taxpayers can use Section A–Short Schedule SE to figure their SE tax. 1040ez form printable However, certain taxpayers must use Section B–Long Schedule SE. 1040ez form printable Use the chart on page 1 of Schedule SE to find out which one to use. 1040ez form printable If you have to pay SE tax, you must file Form 1040 (with Schedule SE attached) even if you do not otherwise have to file a federal income tax return. 1040ez form printable Deduction for employer-equivalent portion of self-employment tax. 1040ez form printable   You can deduct the employer-equivalent portion of your SE tax in figuring your adjusted gross income. 1040ez form printable This deduction only affects your income tax. 1040ez form printable It does not affect either your net earnings from self-employment or your SE tax. 1040ez form printable   To deduct the tax, enter on Form 1040, line 27, the amount shown on Section A, Line 6, or Section B, line 13, Deduction for employer-equivalent portion of self-employment tax, of the Schedule SE. 1040ez form printable Joint return. 1040ez form printable   Even if you file a joint return, you cannot file a joint Schedule SE. 1040ez form printable This is true whether one spouse or both spouses have self-employment earnings. 1040ez form printable Your spouse is not considered self-employed just because you are. 1040ez form printable If both of you have self-employment earnings, each of you must complete a separate Schedule SE. 1040ez form printable However, if one spouse uses the Short Schedule SE and the other spouse has to use the Long Schedule SE, both can use the same form. 1040ez form printable Attach both schedules to the joint return. 1040ez form printable If you and your spouse operate a business as a partnership, see Business Owned and Operated by Spouses and Qualified joint venture , earlier, under Who Must Pay Self-Employment Tax . 1040ez form printable Prev  Up  Next   Home   More Online Publications
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Understanding Your CP60 Notice

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Page Last Reviewed or Updated: 04-Mar-2014

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The 1040ez Form Printable

1040ez form printable 34. 1040ez form printable   Crédito Tributario por Hijos Table of Contents Introduction Useful Items - You may want to see: Hijo Calificado Cantidad de CréditoLímites del Crédito Cómo Reclamar el Crédito Crédito Tributario Adicional por Hijos Cómo Completar el Anexo 8812 (Formulario 1040A o Formulario 1040)Parte I Partes II a IV Introduction El crédito tributario por hijos es un crédito que puede reducir su impuesto hasta $1,000 por cada uno de sus hijos calificados. 1040ez form printable El crédito tributario adicional por hijos es un crédito que podría tomar en el caso de que no pueda reclamar la cantidad completa del crédito tributario por hijos. 1040ez form printable Este capítulo le explica lo siguiente: Quién es un hijo calificado. 1040ez form printable La cantidad del crédito. 1040ez form printable Cómo se puede reclamar el crédito. 1040ez form printable El crédito tributario por hijos y el crédito tributario adicional por hijos no deben confundirse con el crédito por gastos del cuidado de menores y dependientes, el cual se explica en el capítulo 32. 1040ez form printable Si no está sujeto al pago de impuestos. 1040ez form printable   Algunos créditos, tales como el crédito tributario por hijos o el crédito por gastos del cuidado de menores y dependientes, se usan para reducir el impuesto. 1040ez form printable Si la cantidad del impuesto en la línea 46 del Formulario 1040 o en la línea 28 del Formulario 1040A es cero, no calcule el crédito tributario por hijos ya que no hay impuesto que se pueda reducir. 1040ez form printable Sin embargo, podría reunir los requisitos para el crédito tributario adicional por hijos en la línea 65 (Formulario 1040) o en la línea 39 (Formulario 1040A). 1040ez form printable Useful Items - You may want to see: Publicación 972 Child Tax Credit (Crédito tributario por hijos), en inglés Formulario (e Instrucciones) Anexo 8812   (Formulario 1040A o 1040) Child Tax Credit (Crédito tributario por hijos), en inglés W-4(SP) Certificado de Exención de Retenciones del Empleado W-4 Employee's Withholding Allowance Certificate (Certificado de exención de retenciones del empleado), en inglés Hijo Calificado Un hijo calificado, para propósitos del crédito tributario por hijos, es aquél que: Es su hijo o hija, hijastro o hijastra, hijo de crianza, hermano o hermana, hermanastro o hermanastra o descendiente de cualquiera de ellos (por ejemplo, su nieto, nieta, sobrina o sobrino), Tenía menos de 17 años de edad al finalizar el año 2013, No proveyó más de la mitad de su propia manutención durante el año 2013, Vivió con usted durante más de la mitad del año 2013 (vea Excepciones al tiempo vivido con usted , más adelante), Fue reclamado como dependiente en la declaración de usted, No presenta una declaración conjunta para el año (o la presenta solamente para reclamar un reembolso), y Era ciudadano, nacional o residente de los Estados Unidos. 1040ez form printable Si el hijo fue adoptado, vea Hijo adoptivo , más adelante. 1040ez form printable Para cada hijo calificado, tiene que marcar el recuadro que aparece en la línea 6c del Formulario 1040 o del Formulario 1040A. 1040ez form printable Ejemplo 1. 1040ez form printable Su hijo cumplió 17 años de edad el día 30 de diciembre del año 2013. 1040ez form printable Él es ciudadano de los Estados Unidos y usted lo declara como dependiente en la declaración de impuestos. 1040ez form printable Su hijo no es hijo calificado para el crédito tributario por hijos porque no tenía menos de 17 años de edad al finalizar el año 2013. 1040ez form printable Ejemplo 2. 1040ez form printable Su hija cumplió 8 años en el año 2013. 1040ez form printable Ella no es ciudadana de los Estados Unidos, tiene un ITIN y vivió en México durante todo el año 2013. 1040ez form printable Ella no es un hijo calificado para el crédito tributario por hijos debido a que no fue residente de los Estados Unidos en 2013. 1040ez form printable Contribuyentes que tienen determinados hijos dependientes con un número de identificación personal del contribuyente (ITIN, por sus siglas en inglés). 1040ez form printable   Si está reclamando un crédito tributario por hijos o un crédito tributario adicional por hijos basándose en un hijo que identificó en su declaración de impuestos con un número de identificación personal del contribuyente (ITIN, por sus siglas en inglés), en lugar de un número de Seguro Social (SSN, por sus siglas en inglés), tiene que completar la Parte I del Anexo 8812 (Formulario 1040A o 1040). 1040ez form printable   Aun si su hijo es dependiente suyo, sólo puede reclamar un crédito tributario por hijos o un crédito tributario adicional por hijos basándose en un dependiente que sea ciudadano, nacional o residente de los Estados Unidos. 1040ez form printable Para ser tratado como residente de los Estados Unidos, un hijo normalmente tiene que cumplir el requisito de presencia sustancial. 1040ez form printable Para más información sobre el requisito de presencia sustancial, vea la Publicación 519, U. 1040ez form printable S. 1040ez form printable Tax Guide for Aliens (Guía sobre los impuestos federales estadounidenses para extranjeros), en inglés. 1040ez form printable Hijo adoptivo. 1040ez form printable   A un hijo adoptivo siempre se le trata como si fuera su hijo. 1040ez form printable Un hijo adoptivo incluye un niño colocado en su hogar por una agencia autorizada, con la intención de que sea legalmente adoptado. 1040ez form printable   Si usted es ciudadano o nacional de los EE. 1040ez form printable UU. 1040ez form printable y su hijo adoptivo vivió con usted como integrante de su unidad familiar durante todo el año en 2013, dicho hijo cumple el requisito (7), anteriormente, para ser un hijo calificado para propósitos del crédito tributario por hijos. 1040ez form printable Excepciones al tiempo vivido con usted. 1040ez form printable   Se considera que un hijo vivió con usted más de la mitad del año 2013 si nació o murió en el año 2013, y su hogar (el de usted) fue el hogar del hijo más de la mitad del tiempo en el cual estuvo vivo. 1040ez form printable Las ausencias temporales por usted o su hijo debidas a circunstancias especiales, tales como las ausencias por educación, vacaciones, negocios, atención médica, servicio militar o estancia en un centro de detención para delincuentes juveniles cuentan como tiempo que el hijo vivió con usted. 1040ez form printable   También hay excepciones para hijos secuestrados e hijos de padres divorciados o separados. 1040ez form printable Para detalles, vea Requisito de Residencia , en el capítulo 3. 1040ez form printable Hijo calificado de más de una persona. 1040ez form printable   Se aplica una regla especial si su hijo calificado es el hijo calificado de más de una persona. 1040ez form printable Para detalles, vea Requisito Especial para el Hijo Calificado de Más de una Persona , en el capítulo 3. 1040ez form printable Cantidad de Crédito La cantidad máxima de crédito que puede reclamar es $1,000 por cada hijo calificado. 1040ez form printable Límites del Crédito Usted tiene que reducir su crédito tributario por hijos si la condición (1) o la condición (2) le corresponde: La cantidad de la línea 46 (Formulario 1040) o de la línea 28 (Formulario 1040A) es menor que el crédito. 1040ez form printable Si esta cantidad es cero, no puede reclamar este crédito porque no hay impuesto que se pueda reducir. 1040ez form printable Sin embargo, es posible que pueda tomar el crédito tributario adicional por hijos. 1040ez form printable Vea Crédito Tributario Adicional por Hijos , más adelante. 1040ez form printable Su ingreso bruto ajustado (AGI, por sus siglas en inglés) modificado es mayor que la cantidad que se indica a continuación para su estado civil para efectos de la declaración. 1040ez form printable Casados que presentan una declaración conjunta: $110,000. 1040ez form printable Soltero, cabeza de familia o viudo que reúne los requisitos: $75,000. 1040ez form printable Casados que presentan la declaración por separado: $55,000. 1040ez form printable Ingresos brutos ajustados modificados. 1040ez form printable   Para propósitos del crédito tributario por hijos, su ingreso bruto ajustado (AGI, por sus siglas en inglés) modificado es su ingreso bruto ajustado más las cantidades siguientes que puedan ser aplicables en su caso: Toda cantidad excluida del ingreso debido a la exclusión de ingresos de fuentes de  Puerto Rico. 1040ez form printable En la línea de puntos directamente al lado de la línea 38 del Formulario 1040, anote la cantidad excluida e indentifíquela como “ EPRI. 1040ez form printable ” Además, adjunte una copia de todo Formulario 499R-2/W-2PR a su declaración. 1040ez form printable Toda cantidad de las líneas 45 ó 50 del Formulario 2555, Foreign Earned Income (Ingreso devengado en el extranjero), en inglés. 1040ez form printable Toda cantidad de la línea 18 del Formulario 2555-EZ, Foreign Earned Income Exclusion (Exclusión de ingreso devengado en el extranjero), en inglés. 1040ez form printable Toda cantidad de la línea 15 del Formulario 4563, Exclusion of Income for Bona Fide Residents of American Samoa (Exclusión del ingreso para residentes bona fide de la Samoa Estadounidense), en inglés. 1040ez form printable   Si no tiene ninguna de las cantidades mencionadas anteriormente, su ingreso bruto ajustado modificado es igual a su ingreso bruto ajustado. 1040ez form printable Ingreso bruto ajustado. 1040ez form printable   El ingreso bruto ajustado (AGI, por sus siglas en inglés) es la cantidad de la línea 38 del Formulario 1040 o de la línea 22 del Formulario 1040A. 1040ez form printable Cómo Reclamar el Crédito Para reclamar el crédito tributario por hijos, tiene que presentar el Formulario 1040 o el Formulario 1040A. 1040ez form printable No puede reclamar el crédito tributario por hijos en el Formulario 1040EZ. 1040ez form printable Tiene que proveer el nombre y número de identificación (normalmente el número de Seguro Social) de cada hijo calificado en su declaración de impuestos. 1040ez form printable Si reclama el crédito tributario por hijos con un hijo identificado por un ITIN, usted también tiene que presentar el Anexo 8812. 1040ez form printable Para calcular el crédito, primero revise la Child Tax Credit Worksheet (Hoja de trabajo del crédito tributario por hijos), en las Instrucciones para el Formulario 1040 o el Formulario 1040A. 1040ez form printable Si se le indica que consulte la Publicación 972, Child Tax Credit (Crédito tributario por hijos), en inglés, no puede utilizar la Hoja de trabajo de las instrucciones en la declaración de impuestos; en su lugar, usted tiene que utilizar la Publicación 972, en inglés, para calcular el crédito. 1040ez form printable Si no se le indica que utilice la Publicación 972, puede usar la Hoja de trabajo del crédito tributario por hijos, que se encuentra en las Instrucciones para el Formulario 1040 o las Instrucciones para el Formulario 1040A o la Publicación 972, todas en inglés, para calcular el crédito. 1040ez form printable Crédito Tributario Adicional por Hijos Este crédito es para determinadas personas que reciban menos de la cantidad total del crédito tributario por hijos. 1040ez form printable El crédito tributario adicional por hijos puede darle un reembolso aunque no adeude ningún impuesto. 1040ez form printable Cómo se reclama el crédito tributario adicional por hijos. 1040ez form printable   Para reclamar el crédito tributario adicional por hijos, siga los pasos que aparecen a continuación: Asegúrese de haber calculado la cantidad, si existe, de su crédito tributario por hijos. 1040ez form printable Vea anteriormente el tema titulado Cómo Reclamar el Crédito . 1040ez form printable Use las Partes II a la IV del Anexo 8812 para determinar si puede reclamar el crédito tributario adicional por hijos si usted contestó “Yes” (Sí) en la línea 9 ó 10 de la Child Tax Credit Worksheet (Hoja de trabajo del crédito tributario por hijos) en las Instrucciones para el Formulario 1040 o en las Instrucciones para el Formulario 1040A, o en la línea 13 de la Child Tax Credit Worksheet (Hoja de trabajo del crédito tributario por hijos) en la Publicación 972, todas en inglés. 1040ez form printable Si tiene un crédito tributario adicional por hijos en la línea 13 del Anexo 8812, anótelo en la línea 65 del Formulario 1040 o en la línea 39 del Formulario 1040A. 1040ez form printable Cómo Completar el Anexo 8812 (Formulario 1040A o Formulario 1040) El Anexo 8812 tiene cuatro partes, pero se puede considerar como que consta de dos secciones. 1040ez form printable La Parte I es independiente de las Partes II a la IV. 1040ez form printable Si todos sus hijos tienen números de Seguro Social o números de identificación del contribuyente para adopción del IRS(ATIN, por sus siglas en inglés),y usted no reclama el crédito tributario adicional por hijos, no necesita completar ni adjuntar el Anexo 8812 a su declaración de impuestos. 1040ez form printable Parte I Usted sólo necesitará completar la Parte I si está reclamando el crédito tributario por hijos para un hijo que aparece identificado con un número de identificación personal del contribuyente del IRS (ITIN, por sus siglas en inglés). 1040ez form printable Si todos los hijos por los cuales usted marcó la casilla en la columna 4 de la línea 6c de su Formulario 1040 o Formulario 1040A tienen números de Seguro Social (SSN, por sus siglas en inglés) o números de identificación del contribuyente para adopción del IRS (ATIN, por sus siglas en inglés), no tiene que completar la Parte I del Anexo 8812. 1040ez form printable Partes II a IV Las Partes II a la IV le ayudan a calcular el crédito adicional por hijos que le corresponde a usted. 1040ez form printable Por lo general, deberá completar las Partes II a la IV únicamente si se le indica luego de que completa la Hoja de trabajo del crédito tributario por hijos que aparece en las instrucciones de su declaración de impuestos o en la Publicación 972. 1040ez form printable Vea Cómo se reclama el crédito tributario adicional por hijos , anteriormente. 1040ez form printable Prev  Up  Next   Home   More Online Publications