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Amend 2011 Tax Return Turbotax

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Amend 2011 Tax Return Turbotax

Amend 2011 tax return turbotax 22. Amend 2011 tax return turbotax   Impuestos Table of Contents IntroductionGobierno tribal de indios estadounidenses. Amend 2011 tax return turbotax Useful Items - You may want to see: Requisitos para Deducir Todo Impuesto Impuestos sobre los IngresosImpuestos Estatales y Locales sobre los Ingresos Impuestos Extranjeros sobre los Ingresos Impuestos Generales sobre las VentasVehículos de motor. Amend 2011 tax return turbotax Impuestos sobre Bienes RaícesImpuestos sobre bienes raíces de años anteriores. Amend 2011 tax return turbotax Ejemplos. Amend 2011 tax return turbotax Formulario 1099-S. Amend 2011 tax return turbotax Cantidades Relacionadas con Bienes Raíces que no Puede Deducir Impuestos sobre Bienes Muebles Impuestos y Cargos que no Puede Deducir Dónde se Anotan las Deducciones Introduction Este capítulo trata de los impuestos que puede deducir si detalla sus deducciones en el Anexo A (Formulario 1040). Amend 2011 tax return turbotax También explica cuáles impuestos puede deducir en otros anexos o formularios y cuáles impuestos no puede deducir. Amend 2011 tax return turbotax Este capítulo trata sobre los siguientes temas: Impuestos sobre los ingresos (federales, estatales, locales, y extranjeros). Amend 2011 tax return turbotax Impuestos generales sobre ventas (estatales y locales). Amend 2011 tax return turbotax Impuestos sobre bienes raíces (estatales, locales, y extranjeros). Amend 2011 tax return turbotax Impuestos sobre bienes muebles (estatales y locales). Amend 2011 tax return turbotax Impuestos y cargos que usted no puede deducir. Amend 2011 tax return turbotax Use la Tabla 22-1 como guía para determinar cuáles impuestos se pueden deducir. Amend 2011 tax return turbotax Hay una sección al final del capítulo que le explica cuál formulario debe usar para deducir diferentes tipos de impuestos. Amend 2011 tax return turbotax Impuestos de negocio. Amend 2011 tax return turbotax   Puede deducir ciertos impuestos solamente si son gastos ordinarios y necesarios de su ocupación o negocio o si los incurre para generar ingresos. Amend 2011 tax return turbotax Para información sobre estos impuestos, vea la Publicación 535, Business Expenses (Gastos de negocio), en inglés. Amend 2011 tax return turbotax Impuestos estatales o locales. Amend 2011 tax return turbotax   Éstos son impuestos gravados por los 50 estados, posesiones (territorios no autónomos) de los EE. Amend 2011 tax return turbotax UU. Amend 2011 tax return turbotax o cualquiera de sus subdivisiones políticas (tal como un condado o una ciudad) o por el Distrito de Columbia. Amend 2011 tax return turbotax Gobierno tribal de indios estadounidenses. Amend 2011 tax return turbotax   Un gobierno tribal de indios estadounidenses, al que el Secretario del Tesoro reconoce que desempeña funciones gubernamentales sustanciales, se considera un estado para el propósito de reclamar una deducción tributaria. Amend 2011 tax return turbotax Los impuestos sobre los ingresos, impuestos sobre bienes raíces e impuestos sobre bienes muebles gravados por dicho gobierno tribal de indios estadounidenses (o por cualquiera de sus subdivisiones tratadas como si fueran subdivisiones políticas de un estado) son deducibles. Amend 2011 tax return turbotax Impuestos generales sobre las ventas. Amend 2011 tax return turbotax   Estos son impuestos que se gravan a tasa fija sobre ventas al por menor. Amend 2011 tax return turbotax Dichos impuestos corresponden a una amplia gama de diferentes tipos de artículos. Amend 2011 tax return turbotax Impuestos extranjeros. Amend 2011 tax return turbotax   Éstos son impuestos que grava un país extranjero o cualesquiera de sus subdivisiones políticas. Amend 2011 tax return turbotax Useful Items - You may want to see: Publicación 514 Foreign Tax Credit for Individuals (Crédito por impuestos extranjeros para personas físicas), en inglés 530 Tax Information for Homeowners (Información tributaria para propietarios de vivienda), en inglés Formularios (e Instrucciones) Anexo A (Formulario 1040) Itemized Deductions (Deducciones detalladas), en inglés Anexo E (Formulario 1040) Supplemental Income and Loss (Ingresos y pérdidas suplementarios), en inglés 1116 Foreign Tax Credit (Crédito por impuestos extranjeros), en inglés Requisitos para Deducir Todo Impuesto Para que un impuesto sea deducible, se tienen que cumplir los dos requisitos siguientes: Se le tiene que gravar el impuesto a usted. Amend 2011 tax return turbotax Usted tiene que pagar el impuesto durante su año tributario. Amend 2011 tax return turbotax Se le tiene que gravar el impuesto a usted. Amend 2011 tax return turbotax   En general, sólo puede deducir los impuestos que se le gravan a usted. Amend 2011 tax return turbotax   Generalmente, puede deducir impuestos sobre bienes muebles sólo si usted es el dueño de la propiedad. Amend 2011 tax return turbotax Si su cónyuge es dueño de la propiedad y paga impuestos sobre bienes raíces correspondientes a la misma, los impuestos se pueden deducir en la declaración separada de su cónyuge o en su declaración conjunta. Amend 2011 tax return turbotax Tiene que pagar el impuesto durante su año tributario. Amend 2011 tax return turbotax   Si es un contribuyente que usa el método contable a base de efectivo para pagar sus impuestos, puede deducir sólo aquellos impuestos que de hecho pagó durante su año tributario. Amend 2011 tax return turbotax Si paga sus impuestos con cheque, el día en que envía o entrega el cheque se considera la fecha de pago, con tal de que el cheque sea aceptado por la institución financiera. Amend 2011 tax return turbotax Si utiliza una cuenta para pagar por teléfono (como una tarjeta de crédito o retiro de fondos electrónico), la fecha de pago será la fecha en el estado de cuentas de la institución financiera indicando cuándo se hizo el pago. Amend 2011 tax return turbotax Si usted disputa una obligación tributaria y es un contribuyente que usa el método a base de efectivo para pagar sus impuestos, puede deducir el impuesto únicamente en el año en que de hecho lo paga (o transfiere dinero u otros bienes para cumplir con la obligación en disputa). Amend 2011 tax return turbotax Vea la Publicación 538, Accounting Periods and Methods (Períodos y métodos contables), en inglés, para más detalles. Amend 2011 tax return turbotax    Si usa el método contable a base de lo devengado, vea la Publicación 538, en inglés, para más información. Amend 2011 tax return turbotax Impuestos sobre los Ingresos Esta sección explica cuáles impuestos estatales y locales sobre los ingresos (incluyendo aportaciones del empleado a fondos estatales de beneficios) y cuáles impuestos sobre ingresos extranjeros se pueden deducir. Amend 2011 tax return turbotax Impuestos Estatales y Locales sobre los Ingresos Puede deducir los impuestos estatales o locales sobre los ingresos. Amend 2011 tax return turbotax Sin embargo, puede eligir deducir los impuestos generales estatales y locales sobre ventas en vez de deducir los impuestos estatales y locales sobre los ingresos. Amend 2011 tax return turbotax Vea Impuestos Generales sobre las Ventas , mas adelante. Amend 2011 tax return turbotax Excepción. Amend 2011 tax return turbotax    No puede deducir impuestos estatales y locales que pague sobre ingresos exentos del impuesto federal sobre el ingreso, a menos que el ingreso exento del impuesto sea ingreso de intereses. Amend 2011 tax return turbotax Por ejemplo, no puede deducir la parte del impuesto estatal sobre el ingreso que se grava sobre un subsidio por costo de vida exento del impuesto federal sobre el ingreso. Amend 2011 tax return turbotax Qué Deducir Su deducción puede ser por impuestos retenidos, pagos de impuesto estimado u otros pagos de impuestos conforme a lo siguiente: Impuestos retenidos. Amend 2011 tax return turbotax   Puede deducir los impuestos estatales y locales sobre el ingreso retenidos de su sueldo en el año en que son retenidos. Amend 2011 tax return turbotax Sus Formularios W-2 indicarán la cantidad. Amend 2011 tax return turbotax Los Formularios W-2G, 1099-G, 1099-R, y 1099-MISC también pueden indicar los impuestos sobre los ingresos estatales y locales retenidos. Amend 2011 tax return turbotax Pagos de impuesto estimado. Amend 2011 tax return turbotax   Puede deducir los pagos de impuesto estimado que hizo durante el año a un gobierno estatal o local. Amend 2011 tax return turbotax Sin embargo, tendrá que tener una base razonable para hacer los pagos de impuesto estimado. Amend 2011 tax return turbotax Todo pago de impuesto estimado estatal o local que no haya sido hecho de buena fe en el momento del pago no es deducible. Amend 2011 tax return turbotax Por ejemplo, usted hizo un pago estimado del impuesto estatal sobre el ingreso. Amend 2011 tax return turbotax No obstante, el cálculo aproximado de su obligación tributaria estatal resulta en que va a recibir un reembolso de todo su pago estimado. Amend 2011 tax return turbotax Usted no tenía ninguna base razonable para creer que podría adeudar algún impuesto estatal sobre el ingreso adicional y no puede deducir el pago de impuesto estimado. Amend 2011 tax return turbotax Reembolso aplicado a los impuestos. Amend 2011 tax return turbotax   Puede deducir toda parte de un reembolso de impuestos estatales y locales sobre el ingreso de un año anterior que haya elegido utilizar para pagar sus impuestos estimados estatales o locales sobre el ingreso del año 2013. Amend 2011 tax return turbotax    No reste de la deducción ninguno de los siguientes artículos: Todo reembolso de (o crédito por) el impuesto estatal o local sobre el ingreso (o crédito) que espere recibir para el año 2013. Amend 2011 tax return turbotax Todo reembolso de (o crédito por) impuestos estatales y locales sobre los ingresos de un año anterior que de hecho haya recibido en 2013. Amend 2011 tax return turbotax   Sin embargo, todo o parte de este reembolso (o crédito) puede ser tributable. Amend 2011 tax return turbotax Vea Reembolso de (o crédito por) impuestos estatales o locales sobre el ingreso , más adelante. Amend 2011 tax return turbotax Declaraciones federales separadas. Amend 2011 tax return turbotax   Si usted y su cónyuge presentan declaraciones separadas del impuesto estatal, local y federal sobre el ingreso, cada uno puede deducir en su declaración federal sólo la cantidad de su propio impuesto estatal y local sobre el ingreso que pagó durante el año tributario. Amend 2011 tax return turbotax Declaraciones conjuntas estatales y locales. Amend 2011 tax return turbotax   Si usted y su cónyuge presentan declaraciones conjuntas estatales y locales y declaraciones federales separadas, cada uno puede deducir en su declaración federal separada parte del total de los impuestos estatales y locales sobre el ingreso pagados durante el año tributario. Amend 2011 tax return turbotax Puede deducir sólo la cantidad del total de los impuestos que esté en proporción con sus ingresos brutos, comparados con la suma de los ingresos brutos de usted y los de su cónyuge. Amend 2011 tax return turbotax Sin embargo, no puede deducir más de la cantidad que realmente pagó durante el año. Amend 2011 tax return turbotax Puede evitar este cálculo si usted y su cónyuge son responsables, conjuntamente y por separado, de pagar la cantidad completa de impuestos estatales y locales sobre el ingreso. Amend 2011 tax return turbotax De ser así, ambos pueden deducir en sus declaraciones federales separadas la cantidad que de hecho pagó cada uno. Amend 2011 tax return turbotax Declaración conjunta federal. Amend 2011 tax return turbotax   Si ustedes presentan una declaración conjunta federal, pueden deducir el total de los impuestos estatales y locales sobre el ingreso que pagaron ustedes dos. Amend 2011 tax return turbotax Aportaciones a fondos de beneficios estatales. Amend 2011 tax return turbotax    Como empleado, puede deducir aportaciones obligatorias hechas a fondos de beneficios estatales y retenidas de su salario que proveen protección contra la pérdida de salario. Amend 2011 tax return turbotax Por ejemplo, algunos estados requieren que los empleados hagan aportaciones a fondos estatales que proveen beneficios del seguro por incapacidad o desempleo. Amend 2011 tax return turbotax Los pagos obligatorios hechos a los siguientes fondos de beneficios estatales se pueden deducir como impuestos estatales sobre el ingreso en la línea 5 del Anexo A (Formulario 1040). Amend 2011 tax return turbotax Fondo de Compensación por Desempleo de Alaska. Amend 2011 tax return turbotax Fondo de Beneficios por Incapacidad no Laboral de California. Amend 2011 tax return turbotax Fondo de Beneficios por Incapacidad no Laboral de Nueva Jersey. Amend 2011 tax return turbotax Fondo de Compensación por Desempleo de Nueva Jersey. Amend 2011 tax return turbotax Fondo de Beneficios por Incapacidad no Laboral de Nueva York. Amend 2011 tax return turbotax Fondo de Compensación por Desempleo de Pennsylvania. Amend 2011 tax return turbotax Fondo de Beneficios Temporales por Incapacidad de Rhode Island. Amend 2011 tax return turbotax Fondo de Compensación Suplementaria del Seguro Obrero del Estado de Washington. Amend 2011 tax return turbotax    Las aportaciones del empleado a planes de incapacidad privados o voluntarios no son deducibles. Amend 2011 tax return turbotax Reembolso de (o crédito por) impuestos estatales o locales sobre el ingreso. Amend 2011 tax return turbotax   Si recibe un reembolso de (o crédito por) impuestos estatales o locales sobre el ingreso en un año siguiente al año en que los pagó, puede verse obligado a incluir el reembolso en sus ingresos del año en que lo reciba, anotándolo en la línea 10 del Formulario 1040. Amend 2011 tax return turbotax Esto incluye los reembolsos resultantes de impuestos que han sido retenidos en exceso, aplicados de una declaración de un año anterior, que no han sido calculados correctamente, o que han sido calculados nuevamente, debido a una declaración enmendada. Amend 2011 tax return turbotax Si no detalló sus deducciones en el año anterior, no incluya el reembolso en los ingresos. Amend 2011 tax return turbotax Si dedujo los impuestos en el año anterior, incluya todo o parte del reembolso en la línea 10 del Formulario 1040 en el año en que reciba el reembolso. Amend 2011 tax return turbotax Para obtener una explicación de cuánto incluir, vea Recuperaciones de Fondos en el capítulo 12. Amend 2011 tax return turbotax Impuestos Extranjeros sobre los Ingresos Generalmente, puede tomar una deducción o un crédito por los impuestos sobre los ingresos que le grava un país extranjero o una posesión (territorio no autónomo) de los Estados Unidos. Amend 2011 tax return turbotax Sin embargo, no puede tomar una deducción ni un crédito por impuestos sobre los ingresos gravados a usted por otros países, que usted pagó sobre ingresos exentos del impuesto de los EE. Amend 2011 tax return turbotax UU. Amend 2011 tax return turbotax , conforme a la exclusión de ingresos ganados en el extranjero o la exclusión por concepto de vivienda en el extranjero. Amend 2011 tax return turbotax Para información sobre estas exclusiones, vea la Publicación 54, Tax Guide for U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Citizens and Resident Aliens Abroad (Guía tributaria para ciudadanos y residentes extranjeros de los EE. Amend 2011 tax return turbotax UU. Amend 2011 tax return turbotax en el extranjero), en inglés. Amend 2011 tax return turbotax Para información sobre el crédito por impuestos extranjeros, vea la Publicación 514, en inglés. Amend 2011 tax return turbotax Impuestos Generales sobre las Ventas Puede optar por deducir impuestos generales estatales y locales sobre ventas, en lugar de impuestos estatales y locales sobre los ingresos, como deducción detallada en la línea 5b del Anexo A (Formulario 1040). Amend 2011 tax return turbotax Usted puede calcular la deducción de impuestos sobre las ventas usando los gastos reales o las tablas correspondientes a impuestos estatales y locales. Amend 2011 tax return turbotax Gastos reales. Amend 2011 tax return turbotax   Normalmente, puede deducir los impuestos generales estatales y locales reales sobre las ventas (incluidos los impuestos de uso compensatorio) si la tasa de impuestos era igual a la tasa del impuesto general sobre las ventas. Amend 2011 tax return turbotax No obstante, los impuestos sobre las ventas de comida, ropa, suministros médicos y vehículos motorizados son deducibles como impuestos generales sobre las ventas aun si la tasa de impuestos era inferior a la tasa del impuesto general sobre las ventas. Amend 2011 tax return turbotax Si pagó impuestos sobre la venta de un vehículo motorizado a una tasa superior a la tasa del impuesto general sobre las ventas, puede deducir sólo la cantidad de impuestos que hubiera pagado conforme a la tasa del impuesto general sobre las ventas correspondientes a dicho vehículo. Amend 2011 tax return turbotax Si usa el método basado en los gastos reales, tiene que tener recibos para demostrar los impuestos generales pagados sobre las ventas. Amend 2011 tax return turbotax No incluya impuestos sobre las ventas pagado en los artículos utilizados en su actividad comercial o empresarial. Amend 2011 tax return turbotax Vehículos de motor. Amend 2011 tax return turbotax   Para propósitos de esta sección, los vehículos de motor incluyen: automóviles, motocicletas, casas rodantes, vehículos recreativos, vehículos utilitarios deportivos, camiones, camionetas y vehículos para uso fuera de la carretera. Amend 2011 tax return turbotax Esto también incluye los impuestos sobre las ventas en un vehículo arrendado, pero no en los vehículos utilizados en su actividad comercial o empresarial. Amend 2011 tax return turbotax Tablas de las tarifas opcionales para impuestos sobre las ventas. Amend 2011 tax return turbotax   En vez de usar los gastos reales, puede calcular la deducción por impuestos generales estatales y locales sobre las ventas consultando las tablas de tarifas para el impuesto estatal y local sobre las ventas en las Instrucciones del Anexo A (Formulario1040). Amend 2011 tax return turbotax Además, tal vez pueda añadir los impuestos generales estatales y locales sobre las ventas pagados sobre ciertos artículos específicos. Amend 2011 tax return turbotax   Su cantidad correspondiente de las tarifas está basada en el estado donde vive, sus ingresos y el número de exenciones reclamadas en su declaración de impuestos. Amend 2011 tax return turbotax Sus ingresos son el ingreso bruto ajustado más todo artículo no sujeto a impuestos, como los siguientes: Intereses exentos de impuestos. Amend 2011 tax return turbotax Beneficios para veteranos. Amend 2011 tax return turbotax Paga por combate no tributable. Amend 2011 tax return turbotax Compensación del seguro obrero. Amend 2011 tax return turbotax La parte no sujeta a impuestos de los beneficios del Seguro Social y de la jubilación de empleados ferroviarios. Amend 2011 tax return turbotax La parte no sujeta a impuestos de una cuenta IRA, pensión o distribuciones de una anualidad, a excepción de las reinversiones. Amend 2011 tax return turbotax Pagos de beneficios de asistencia pública. Amend 2011 tax return turbotax   Si vivió en diferentes estados del país durante el mismo año tributario, tiene que prorratear la cantidad de las tarifas correspondiente a cada estado en el que vivió según las fechas en que vivió que en cada estado. Amend 2011 tax return turbotax Vea las instrucciones de la línea 5 del Anexo A (Formulario 1040) para detalles adicionales. Amend 2011 tax return turbotax Impuestos sobre Bienes Raíces Los impuestos sobre bienes raíces deducibles son todos los impuestos estatales, locales o extranjeros sobre bienes raíces que se graven para el bienestar general del público. Amend 2011 tax return turbotax Puede deducir dichos impuestos sólo si se basan en el valor tasado de los bienes raíces y son cobrados uniformemente contra todos los bienes dentro de la jurisdicción de las autoridades tributarias. Amend 2011 tax return turbotax Los impuestos sobre bienes raíces deducibles no suelen incluir impuestos cobrados por beneficios locales ni mejoras que aumentan el valor de los bienes. Amend 2011 tax return turbotax Tampoco incluyen cargos detallados por servicios (tal como la recogida de basura) que se les cobran a bienes específicos o ciertas personas, aunque se les pague el cargo a las autoridades tributarias. Amend 2011 tax return turbotax Para más información sobre impuestos y cargos que no son deducibles, vea Cantidades Relacionadas con Bienes Raíces que no Puede Deducir , más adelante. Amend 2011 tax return turbotax Inquilinos-accionistas de una sociedad anónima de cooperativa de viviendas. Amend 2011 tax return turbotax   Normalmente, si es inquilino-accionista de una sociedad anónima de cooperativa de viviendas, puede deducir la cantidad pagada a dicha sociedad anónima que corresponda a su parte de los impuestos sobre bienes raíces que dicha sociedad anónima pagó, o en los que incurrió por la vivienda de usted. Amend 2011 tax return turbotax La sociedad anónima debería proporcionarle un estado de cuentas en el cual indica la parte de los impuestos que le corresponde. Amend 2011 tax return turbotax Para más información, vea las Special Rules for Cooperatives (Reglas especiales para cooperativas), en la Publicación 530, en inglés. Amend 2011 tax return turbotax División de los impuestos sobre bienes raíces entre compradores y vendedores. Amend 2011 tax return turbotax   Si compró o vendió bienes raíces durante el año, los impuestos sobre bienes raíces tienen que ser divididos entre el comprador y el vendedor. Amend 2011 tax return turbotax   El comprador y el vendedor tienen que dividir los impuestos de bienes raíces basándose en el número de días del año tributario para bienes raíces (el período relacionado con el impuesto gravado) que cada uno fue dueño de la propiedad. Amend 2011 tax return turbotax Al vendedor se le trata como si hubiese pagado los impuestos hasta la fecha de la venta, pero sin incluir dicha fecha. Amend 2011 tax return turbotax Al comprador se le trata como si hubiese pagado los impuestos a partir de la fecha de la venta. Amend 2011 tax return turbotax Esto corresponde independientemente de las fechas de gravamen bajo la ley local. Amend 2011 tax return turbotax Generalmente, esta información se incluye en el estado de liquidación proporcionado al cierre. Amend 2011 tax return turbotax    Si usted (el vendedor) no puede deducir los impuestos hasta que se paguen debido a su uso del método contable a base de efectivo, y el comprador de su propiedad es personalmente responsable de pagar el impuesto, se considera que usted ha pagado su parte del impuesto en el momento de la venta. Amend 2011 tax return turbotax Esto le permite deducir su parte del impuesto hasta la fecha de venta aunque de hecho no lo haya pagado. Amend 2011 tax return turbotax Sin embargo, también tiene que incluir la cantidad de dicho impuesto en el precio de venta de la propiedad. Amend 2011 tax return turbotax El comprador tiene que incluir la misma cantidad en su costo de la propiedad. Amend 2011 tax return turbotax   Calcule su deducción tributaria sobre cada propiedad comprada o vendida durante el año tributario para bienes raíces conforme a lo siguiente: Hoja de Trabajo 22-1. Amend 2011 tax return turbotax Cómo Calcular su Deducción por Impuestos sobre Bienes Raíces 1. Amend 2011 tax return turbotax Anote el total de los impuestos sobre bienes raíces del año tributario para bienes raíces   2. Amend 2011 tax return turbotax Anote el número de días del año tributario para bienes raíces que usted fue dueño de la propiedad   3. Amend 2011 tax return turbotax Divida la cantidad de la línea 2 entre 365 (para años bisiestos, divida la cantidad de la línea 2 entre 366) . Amend 2011 tax return turbotax 4. Amend 2011 tax return turbotax Multiplique la línea 1 por la línea 3. Amend 2011 tax return turbotax Ésta es su deducción. Amend 2011 tax return turbotax Anótela en la línea 6 del Anexo A (Formulario 1040). Amend 2011 tax return turbotax   Nota: Repita los pasos 1 al 4 para cada propiedad que compró o vendió durante el año tributario para bienes raíces. Amend 2011 tax return turbotax La deducción total es la suma de las cantidades de la línea 4 para todas las propiedades. Amend 2011 tax return turbotax Impuestos sobre bienes raíces de años anteriores. Amend 2011 tax return turbotax   No divida impuestos morosos entre el comprador y el vendedor si dichos impuestos corresponden a un año tributario de bienes raíces anterior al año en que se vendió la propiedad. Amend 2011 tax return turbotax Aunque el comprador acuerde pagar los impuestos morosos, el mismo no los puede deducir y tiene que sumarlos al costo de la propiedad. Amend 2011 tax return turbotax El vendedor puede deducir estos impuestos pagados por el comprador. Amend 2011 tax return turbotax Sin embargo, el vendedor tiene que incluirlos en el precio de venta. Amend 2011 tax return turbotax Ejemplos. Amend 2011 tax return turbotax   Los siguientes ejemplos demuestran cómo se dividen los impuestos sobre bienes raíces entre el comprador y el vendedor. Amend 2011 tax return turbotax Ejemplo 1. Amend 2011 tax return turbotax El año tributario de bienes raíces de José y María Blanco, tanto para su antigua vivienda como para su nueva vivienda, es el año natural. Amend 2011 tax return turbotax El plazo para pagar vence el 1 de agosto. Amend 2011 tax return turbotax El impuesto sobre su antigua vivienda, vendida el 7 de mayo, era $620. Amend 2011 tax return turbotax El impuesto sobre su nueva vivienda, comprada el 3 de mayo, es $732. Amend 2011 tax return turbotax Se considera que José y María han pagado una parte proporcional de los impuestos para bienes raíces sobre la antigua vivienda aunque de hecho no se los pagaron a las autoridades tributarias. Amend 2011 tax return turbotax Por otro lado, pueden declarar sólo una parte proporcional de los impuestos que pagaron sobre su nueva propiedad, aunque pagaron la cantidad completa. Amend 2011 tax return turbotax José y María fueron dueños de su antigua vivienda durante 126 días del año tributario para bienes raíces (del 1 de enero al 6 de mayo, el día antes de la venta). Amend 2011 tax return turbotax Calculan su deducción tributaria sobre su antigua vivienda conforme a lo siguiente: Hoja de Trabajo 22-1. Amend 2011 tax return turbotax Cómo Calcular su Deducción por Impuestos sobre Bienes Raíces−Impuestos sobre Antigua Vivienda 1. Amend 2011 tax return turbotax Anote el total de los impuestos sobre bienes raíces del año tributario para bienes raíces $620 2. Amend 2011 tax return turbotax Anote el número de días del año tributario para bienes raíces que usted fue dueño de la propiedad 126 3. Amend 2011 tax return turbotax Divida la cantidad de la línea 2 entre 365 (para años bisiestos, divida la cantidad de la línea 2 entre 366) . Amend 2011 tax return turbotax 3452 4. Amend 2011 tax return turbotax Multiplique la línea 1 por la línea 3. Amend 2011 tax return turbotax Ésta es su deducción. Amend 2011 tax return turbotax Anótela en la línea 6 del Anexo A (Formulario 1040). Amend 2011 tax return turbotax $214 Como los compradores de su antigua vivienda pagaron todos los impuestos, José y María también incluyen los $214 en el precio de venta de la antigua vivienda. Amend 2011 tax return turbotax Los compradores suman los $214 al costo de su vivienda. Amend 2011 tax return turbotax José y María fueron dueños de su nueva vivienda durante el año tributario para bienes raíces por 243 días (del 3 de mayo al 31 de diciembre, incluyendo la fecha de compra). Amend 2011 tax return turbotax Calculan su deducción tributaria sobre su nueva vivienda conforme a lo siguiente: Hoja de Trabajo 22-1. Amend 2011 tax return turbotax Cómo Calcular su Deducción por Impuestos sobre Bienes Raíces−Impuestos sobre Nueva Vivienda 1. Amend 2011 tax return turbotax Anote el total de los impuestos sobre bienes raíces del año tributario para bienes raíces $732 2. Amend 2011 tax return turbotax Anote el número de días del año tributario para bienes raíces que usted fue dueño de la propiedad 243 3. Amend 2011 tax return turbotax Divida la cantidad de la línea 2 entre 365 (para años bisiestos, divida la cantidad de la línea 2 entre 366) . Amend 2011 tax return turbotax 6658 4. Amend 2011 tax return turbotax Multiplique la línea 1 por la línea 3. Amend 2011 tax return turbotax Ésta es su deducción. Amend 2011 tax return turbotax Anótela en la línea 6 del Anexo A (Formulario 1040). Amend 2011 tax return turbotax $487 Como José y María pagaron todos los impuestos sobre la nueva vivienda, suman $245 ($732 pagados menos una deducción de $487) a su costo de la nueva vivienda. Amend 2011 tax return turbotax Los vendedores suman estos $245 a su precio de venta y deducen los $245 como impuesto sobre los bienes raíces. Amend 2011 tax return turbotax La deducción por el impuesto sobre bienes raíces de José y María por sus antiguas y nuevas viviendas es la suma de $214 y $487, o sea $701. Amend 2011 tax return turbotax Anotarán esta cantidad en la línea 6 del Anexo A (Formulario 1040). Amend 2011 tax return turbotax Ejemplo 2. Amend 2011 tax return turbotax Jorge y Helena Moreno compraron una nueva casa el 3 de mayo del año 2013. Amend 2011 tax return turbotax Su año tributario de bienes raíces para la nueva casa es el año natural. Amend 2011 tax return turbotax Los impuestos sobre bienes raíces para el año 2012 fueron gravados en el estado donde viven los Moreno el 1 de enero del año 2013. Amend 2011 tax return turbotax El plazo para pagar los impuestos venció el 31 de mayo del año 2013 y el 31 de octubre del año 2013. Amend 2011 tax return turbotax Los Moreno acordaron pagar todos los impuestos morosos después de la fecha de compra. Amend 2011 tax return turbotax Los impuestos sobre bienes raíces para el año 2012 fueron $680. Amend 2011 tax return turbotax Pagaron $340 el 31 de mayo del año 2012 y $340 el 31 de octubre del año 2013. Amend 2011 tax return turbotax Estos impuestos fueron para el año tributario de bienes raíces de 2012. Amend 2011 tax return turbotax Los Moreno no pueden deducirlos ya que no fueron dueños de la propiedad hasta el año 2013. Amend 2011 tax return turbotax En lugar de ello, tienen que añadir $680 al costo de su nueva vivienda. Amend 2011 tax return turbotax En enero del año 2014, los Moreno reciben su estado de cuenta del impuesto sobre bienes raíces del año 2013 por $752 y pagarán esta cantidad en el año 2014. Amend 2011 tax return turbotax Los Moreno fueron dueños de su nueva vivienda por 243 días (desde el 3 de mayo hasta el 31 de diciembre) durante el año tributario para bienes raíces de 2013. Amend 2011 tax return turbotax Calcularán su deducción tributaria para el año 2014 conforme a lo siguiente: Hoja de Trabajo 22-1. Amend 2011 tax return turbotax Cómo Calcular su Deducción por Impuestos sobre Bienes Raíces−Impuestos sobre Nueva Vivienda 1. Amend 2011 tax return turbotax Anote el total de los impuestos sobre bienes raíces del año tributario para bienes raíces $752 2. Amend 2011 tax return turbotax Anote el número de días del año tributario para bienes raíces que usted fue dueño de la propiedad 243 3. Amend 2011 tax return turbotax Divida la cantidad de la línea 2 entre 365 (para años bisiestos, divida la cantidad de la línea 2 entre 366) . Amend 2011 tax return turbotax 6658 4. Amend 2011 tax return turbotax Multiplique la línea 1 por la línea 3. Amend 2011 tax return turbotax Ésta es su deducción. Amend 2011 tax return turbotax Anótela en la línea 6 del Anexo A (Formulario 1040). Amend 2011 tax return turbotax $501 Los impuestos restantes de $251 (los $752 pagados menos una deducción de $501) que fueron pagados en el año 2014, junto con los $680 que fueron pagados en el año 2013, se suman al costo de su nueva vivienda. Amend 2011 tax return turbotax Debido a que se considera que los impuestos hasta la fecha de venta han sido pagados por el vendedor en la fecha de venta, éste tiene derecho a una deducción tributaria de $931 para el año 2013. Amend 2011 tax return turbotax Ésta es la suma de los $680 del año 2012 y los $251 por los 122 días durante los cuales fue dueño de la vivienda en el año 2013. Amend 2011 tax return turbotax El vendedor también tiene que incluir los $931 en el precio de venta cuando calcule la ganancia o pérdida en la venta. Amend 2011 tax return turbotax El vendedor debería ponerse en contacto con los Moreno en enero del año 2014 para averiguar cuánto impuesto sobre bienes raíces se debe pagar para el año 2013. Amend 2011 tax return turbotax Formulario 1099-S. Amend 2011 tax return turbotax   Para ciertas ventas o intercambios de bienes raíces, la persona encargada del cierre de la venta (generalmente el agente a cargo del cierre) prepara el Formulario 1099-S, Proceeds From Real Estate Transactions (Ganancias procedentes de transacciones de bienes raíces), en inglés, para declarar cierta información al IRS y al vendedor de la propiedad. Amend 2011 tax return turbotax El recuadro 2 del Formulario 1099-S es para las utilidades brutas de la venta y debería incluir la parte de la obligación tributaria por bienes raíces correspondiente al vendedor que el comprador pagará a partir de la fecha de la venta. Amend 2011 tax return turbotax El comprador incluye estos impuestos en la base del costo de la propiedad y el vendedor deduce esta cantidad como un impuesto pagado y lo incluye en el precio de venta de la propiedad. Amend 2011 tax return turbotax   Para una transacción de bienes raíces que incluya una vivienda, todo impuesto sobre bienes raíces que el vendedor haya pagado por adelantado pero que es la obligación del comprador aparece en el recuadro 5 del Formulario 1099-S. Amend 2011 tax return turbotax El comprador deduce esta cantidad como un impuesto sobre bienes raíces y el vendedor reduce esa misma cantidad de su deducción del impuesto sobre bienes raíces (o la incluye en el ingreso). Amend 2011 tax return turbotax Vea Reembolso (o rebaja) , más adelante. Amend 2011 tax return turbotax Impuestos depositados en plica. Amend 2011 tax return turbotax   Si su pago hipotecario mensual incluye una cantidad depositada en plica (puesta bajo la custodia de un tercero) para impuestos sobre bienes raíces, es posible que no pueda deducir toda la cantidad que fue depositada en plica. Amend 2011 tax return turbotax Puede deducir sólo el impuesto sobre bienes raíces que el tercero de hecho les pagó a las autoridades tributarias. Amend 2011 tax return turbotax Si el tercero no le avisa de la cantidad de impuesto sobre bienes raíces pagada en nombre suyo, póngase en contacto con el tercero o las autoridades tributarias para averiguar la cantidad que debe usar en su declaración. Amend 2011 tax return turbotax Tenencia en su totalidad. Amend 2011 tax return turbotax   Si usted y su cónyuge tuvieron propiedad conyugal en su totalidad y presentan declaraciones federales separadas, cada uno de ustedes puede deducir sólo los impuestos que cada uno de ustedes pagó sobre la propiedad. Amend 2011 tax return turbotax Personas divorciadas. Amend 2011 tax return turbotax   Si su acuerdo de divorcio o separación declara que usted tiene que pagar los impuestos sobre bienes raíces por una vivienda cuyos dueños son usted y su cónyuge, una parte de sus pagos podría ser deducible como pensión para el cónyuge divorciado y otra parte como impuestos sobre bienes raíces. Amend 2011 tax return turbotax Vea Impuestos y seguro en el capítulo 18 para más información. Amend 2011 tax return turbotax Asignaciones para la vivienda para ministros de una orden religiosa y personal militar. Amend 2011 tax return turbotax   Si es ministro de la iglesia o miembro de los servicios militares y recibe una asignación para su vivienda que puede excluir de sus ingresos, aún puede deducir todos los impuestos sobre bienes raíces que pague sobre su vivienda. Amend 2011 tax return turbotax Reembolso (o rebaja). Amend 2011 tax return turbotax   Si recibió un reembolso o una rebaja en el año tributario 2013 sobre bienes raíces que pagó ese año, tiene que reducir su deducción por la cantidad que se le ha reembolsado. Amend 2011 tax return turbotax Si recibió un reembolso o una rebaja en el año tributario 2013 sobre bienes raíces que dedujo en un año anterior (ya sea como deducción detallada o como aumento en la deducción estándar), generalmente tiene que incluir el reembolso o la rebaja en los ingresos del año en que lo reciba. Amend 2011 tax return turbotax Sin embargo, la cantidad que se incluye en los ingresos se limita a la cantidad de la deducción que disminuyó su impuesto en el año anterior. Amend 2011 tax return turbotax Para más información, vea Recuperación de Fondos en el capítulo 12. Amend 2011 tax return turbotax Tabla 22-1. Amend 2011 tax return turbotax ¿Qué Impuestos Puede Deducir? Tipo de Impuestos Puede Deducir No Puede Deducir Honorarios y Cargos Honorarios y cargos que son gastos de su ocupación o negocio o de la generación de ingresos. Amend 2011 tax return turbotax Honorarios y cargos que no son gastos de su ocupación o negocio o de la generación de ingresos, tales como cargos de licencias para conducir, inspección de vehículos, estacionamiento o cargos por servicios de agua (vea Impuestos y Cargos que no Puede Deducir ). Amend 2011 tax return turbotax     Multas y sanciones. Amend 2011 tax return turbotax Impuestos sobre los Ingresos Impuestos estatales y locales sobre los ingresos. Amend 2011 tax return turbotax Impuestos federales sobre los ingresos. Amend 2011 tax return turbotax   Impuestos extranjeros sobre los ingresos. Amend 2011 tax return turbotax Aportaciones del empleado a planes de seguro por incapacidad privados o voluntarios. Amend 2011 tax return turbotax   Aportaciones del empleado a fondos estatales, tal como se indica bajo Aportaciones a fondos de beneficios estatales . Amend 2011 tax return turbotax Impuestos generales estatales y locales sobre las ventas si opta por deducir impuestos estatales y locales sobre los ingresos. Amend 2011 tax return turbotax Impuestos Generales sobre las Ventas Impuestos generales estatales y locales sobre las ventas, incluyendo los impuestos de uso compensatorio. Amend 2011 tax return turbotax Impuestos estatales y locales sobre los ingresos si opta por deducir impuestos generales estatales y locales sobre las ventas. Amend 2011 tax return turbotax Otros Impuestos Impuestos que son gastos de su ocupación o negocio. Amend 2011 tax return turbotax Impuestos federales sobre artículos de uso y consumo, tal como el impuesto sobre gasolina, que no son gastos de su ocupación o negocio o de la generación de ingresos. Amend 2011 tax return turbotax   Impuestos sobre bienes que generan ingresos del alquiler o de regalías. Amend 2011 tax return turbotax Impuestos per cápita. Amend 2011 tax return turbotax   Impuestos sobre una profesión u ocupación. Amend 2011 tax return turbotax Vea el capítulo 28. Amend 2011 tax return turbotax     La mitad del impuesto sobre el trabajo por cuenta propia pagado. Amend 2011 tax return turbotax   Impuestos sobre Bienes Muebles Impuestos estatales y locales sobre bienes muebles. Amend 2011 tax return turbotax Aranceles de aduanas que no son gastos de su ocupación o negocio o de la generación de ingresos. Amend 2011 tax return turbotax Impuestos sobre Bienes Raíces Impuestos estatales y locales sobre bienes raíces. Amend 2011 tax return turbotax Impuestos sobre bienes raíces que se tratan como si hubiesen sido gravados a otra persona (vea División de los impuestos sobre bienes raíces entre compradores y vendedores ). Amend 2011 tax return turbotax   Impuestos extranjeros sobre bienes raíces. Amend 2011 tax return turbotax Impuestos para beneficios locales (con excepciones). Amend 2011 tax return turbotax Vea Cantidades Relacionadas con Bienes Raíces que no Puede Deducir . Amend 2011 tax return turbotax   La parte de los impuestos sobre bienes raíces del inquilino pagada por una sociedad anónima cooperativa de viviendas. Amend 2011 tax return turbotax Cargos por la recogida de basura y desperdicios (hay excepciones). Amend 2011 tax return turbotax Vea Cantidades Relacionadas con Bienes Raíces que no Puede Deducir . Amend 2011 tax return turbotax     Aumento del alquiler debido a impuestos sobre bienes raíces más altos. Amend 2011 tax return turbotax     Cuotas de la asociación de propietarios de viviendas. Amend 2011 tax return turbotax Cantidades Relacionadas con Bienes Raíces que no Puede Deducir Los pagos de los siguientes no suelen ser deducibles como impuestos sobre bienes raíces: Impuestos por beneficios locales. Amend 2011 tax return turbotax Cargos detallados por servicios (tales como cargos por la recogida de basura y desperdicios). Amend 2011 tax return turbotax Impuestos de traspaso (impuestos de timbre). Amend 2011 tax return turbotax Aumentos del alquiler ocasionados por aumentos en los impuestos sobre bienes raíces. Amend 2011 tax return turbotax Cuotas de la asociación de propietarios de vivienda. Amend 2011 tax return turbotax Impuestos por beneficios locales. Amend 2011 tax return turbotax   Los impuestos deducibles sobre bienes raíces no suelen incluir impuestos gravados por beneficios locales y mejoras que tienden a aumentar el valor de la propiedad. Amend 2011 tax return turbotax Estos incluyen impuestos por mejoras de calles, aceras o banquetas, cañerías principales, alcantarillado, instalaciones de estacionamiento público y mejoras parecidas. Amend 2011 tax return turbotax Debe aumentar la base de su propiedad por la cantidad pagada. Amend 2011 tax return turbotax   Los impuestos sobre beneficios locales se pueden deducir únicamente si son por mantenimiento, reparaciones o cargos de intereses relacionados con aquellos beneficios. Amend 2011 tax return turbotax Si sólo una parte de los impuestos es por mantenimiento, reparaciones o intereses, tiene que poder determinar cuánta fue la cantidad de dicha parte para reclamar la deducción. Amend 2011 tax return turbotax Si no puede determinar qué parte del impuesto es por mantenimiento, reparaciones o intereses, ninguna parte de éste es deducible. Amend 2011 tax return turbotax    Los impuestos sobre beneficios locales podrían incluirse en su factura del impuesto sobre bienes raíces. Amend 2011 tax return turbotax Si las autoridades tributarias (o prestamista hipotecario) no le proveen una copia de su factura del impuesto sobre bienes raíces, pídala. Amend 2011 tax return turbotax Debe usar las reglas indicadas anteriormente para determinar si puede deducir el impuesto sobre beneficios locales. Amend 2011 tax return turbotax Comuníquese con las autoridades tributarias si necesita información adicional sobre un cargo específico indicado en su factura del impuesto sobre bienes raíces. Amend 2011 tax return turbotax Cargos detallados por servicios. Amend 2011 tax return turbotax    Un cargo detallado por servicios sobre una propiedad o persona específica no es un impuesto, aun si el cargo se paga a las autoridades tributarias. Amend 2011 tax return turbotax Por ejemplo, no puede deducir el cargo como un impuesto sobre bienes raíces si es: Un cargo unitario por el abastecimiento de un servicio (tal como un cargo de $5 que se cobra por cada 1,000 galones de agua que use), Un cargo periódico por un servicio residencial (tal como un cargo de $20 al mes o $240 al año que se le cobra a cada propietario de viviendas por la recogida de basura) o Un cargo fijo que se cobra por un solo servicio provisto por su gobierno (tal como un cargo de $30 por cortar el césped por haberla dejado crecer más de lo permitido conforme al reglamento local). Amend 2011 tax return turbotax    Tiene que revisar su factura del impuesto sobre bienes raíces para determinar si algún cargo detallado no deducible, como los que se enumeran anteriormente, se ha incluido en la factura. Amend 2011 tax return turbotax Si las autoridades tributarias (o el prestamista hipotecario) no le proveen una copia de su factura del impuesto sobre bienes raíces, pídala. Amend 2011 tax return turbotax Excepción. Amend 2011 tax return turbotax   Los cargos que se utilizan para mantener o mejorar servicios (tal como la recogida de basura o la protección policial o contra incendios) son deducibles como impuestos sobre bienes raíces si: Los cargos se gravan a una tasa similar para todos los bienes en la jurisdicción que impone el impuesto, Los fondos recaudados no tienen designación específica; en vez de ello, están mezclados con fondos fiscales generales y Los fondos utilizados para mantener y mejorar servicios no se limitan a la cantidad de dichos cargos recaudados ni están determinados por dicha cantidad. Amend 2011 tax return turbotax Impuestos de traspaso (impuestos de timbre). Amend 2011 tax return turbotax   No se pueden deducir los impuestos de traspaso ni impuestos similares, ni los cargos sobre la venta de una vivienda personal. Amend 2011 tax return turbotax Si los paga el vendedor, son gastos de la venta y reducen la cantidad generada por la venta. Amend 2011 tax return turbotax Si los paga el comprador, se incluyen en la base del costo de los bienes. Amend 2011 tax return turbotax Aumento del alquiler debido a impuestos sobre bienes raíces más altos. Amend 2011 tax return turbotax   Si su arrendador aumenta su alquiler en forma de recargo tributario (surcharge) debido a un aumento de los impuestos sobre bienes raíces, no puede deducir dicho aumento como impuesto. Amend 2011 tax return turbotax Cuotas de la asociación de propietarios de vivienda. Amend 2011 tax return turbotax   Estos cargos no se pueden deducir porque son gravados por la asociación de propietarios de vivienda y no por el gobierno estatal o local. Amend 2011 tax return turbotax Impuestos sobre Bienes Muebles El impuesto sobre bienes muebles es deducible si es un impuesto estatal o local que: Se cobra sobre bienes muebles, Se basa únicamente en el valor de los bienes muebles y Se cobra anualmente, aunque se pague más o menos una vez al año. Amend 2011 tax return turbotax Se puede considerar que un impuesto que reúna los requisitos anteriores ha sido cobrado sobre bienes muebles aunque sea para el ejercicio de un privilegio. Amend 2011 tax return turbotax Por ejemplo, un impuesto anual basado en el valor reúne los requisitos como impuesto sobre bienes muebles, aunque se denomine un cargo de registro y sea para el privilegio de registrar automóviles o utilizarlos en las carreteras. Amend 2011 tax return turbotax Si el impuesto se basa parcialmente en el valor y parcialmente en otros criterios, puede reunir los requisitos en parte. Amend 2011 tax return turbotax Ejemplo. Amend 2011 tax return turbotax El estado en el que vive cobra un impuesto anual del 1% del valor, más 50 centavos por quintal (cien libras de peso) de un vehículo por el registro del mismo. Amend 2011 tax return turbotax Usted pagó $32 basados en el valor ($1,500) y peso (3,400 libras) de su automóvil. Amend 2011 tax return turbotax Puede deducir $15 (1% x $1,500) como un impuesto sobre bienes muebles, ya que esa parte se basa en el valor. Amend 2011 tax return turbotax Los $17 restantes ($0. Amend 2011 tax return turbotax 50 x 34), basados en el peso, no se pueden deducir. Amend 2011 tax return turbotax Impuestos y Cargos que no Puede Deducir Muchos impuestos del gobierno federal, estatal y local no son deducibles porque no pertenecen a las categorías mencionadas anteriormente. Amend 2011 tax return turbotax Otros impuestos y cargos, tales como los impuestos federales sobre los ingresos, no son deducibles debido a que la ley tributaria prohibe específicamente la deducción de éstos. Amend 2011 tax return turbotax Vea la Tabla 22-1. Amend 2011 tax return turbotax Los impuestos y cargos que generalmente no se pueden deducir incluyen los siguientes: Impuestos sobre la nómina. Amend 2011 tax return turbotax Esto incluye los impuestos del Seguro Social, Medicare e impuestos sobre la jubilación ferroviaria retenidos de su paga. Amend 2011 tax return turbotax No obstante, una mitad del impuesto que usted paga sobre el trabajo por cuenta propia es deducible. Amend 2011 tax return turbotax Asimismo, es posible que los impuestos del Seguro Social y otros impuestos laborales sobre la nómina que usted paga sobre el salario de un empleado doméstico se puedan incluir en los gastos médicos deducibles o en los gastos del cuidado de hijos que le permitan reclamar el crédito por gastos del cuidado de menores y dependientes. Amend 2011 tax return turbotax Para más información, vea los capítulos 21 y 32. Amend 2011 tax return turbotax Impuestos sobre caudales hereditarios, herencias, legados o sucesiones. Amend 2011 tax return turbotax No obstante, puede deducir la parte del impuesto sobre la herencia atribuible al ingreso proveniente de un difunto si usted, como beneficiario, tiene que incluir dicho ingreso en su propio ingreso bruto. Amend 2011 tax return turbotax En este caso, deduzca el impuesto sobre la herencia como deducción miscelánea no sujeta al límite del 2% del ingreso bruto ajustado. Amend 2011 tax return turbotax Para más información, vea la Publicación 559, Survivors, Executors, and Administrators (Sobrevivientes, albaceas y administradores), en inglés. Amend 2011 tax return turbotax Impuestos federales sobre los ingresos. Amend 2011 tax return turbotax Incluye impuestos sobre los ingresos retenidos de su paga. Amend 2011 tax return turbotax Multas y sanciones. Amend 2011 tax return turbotax No puede deducir multas y sanciones pagadas a un gobierno por la violación de alguna ley, incluidas cantidades afines de garantía que haya perdido. Amend 2011 tax return turbotax Impuestos sobre donaciones. Amend 2011 tax return turbotax Cargos por licencias. Amend 2011 tax return turbotax No puede deducir cargos por licencias para propósitos personales (cargos por licencia matrimonial, licencias para conducir y permiso para perros). Amend 2011 tax return turbotax Impuestos per cápita. Amend 2011 tax return turbotax No puede deducir los impuestos per cápita estatales o locales. Amend 2011 tax return turbotax Muchos impuestos y cargos que no se enumeraron anteriormente tampoco pueden ser deducidos, a menos que sean gastos ordinarios y necesarios de una actividad comercial o una actividad que genere ingresos. Amend 2011 tax return turbotax Para otros cargos que no se pueden deducir, vea Cantidades Relacionadas con Bienes Raíces que no Puede Deducir , anteriormente. Amend 2011 tax return turbotax Dónde se Anotan las Deducciones Los impuestos se deducen en los siguientes anexos: Impuestos estatales y locales sobre los ingresos. Amend 2011 tax return turbotax    Estos impuestos se deducen en la línea 5 del Anexo A (Formulario 1040), aunque su única fuente de ingresos sea de negocios, alquileres o regalías. Amend 2011 tax return turbotax Marque el recuadro a en la línea 5. Amend 2011 tax return turbotax Impuestos generales sobre las ventas. Amend 2011 tax return turbotax   Los impuestos sobre las ventas se deducen en la línea 5 del Anexo A (Formulario 1040). Amend 2011 tax return turbotax Usted tiene que marcar el recuadro b en la línea 5. Amend 2011 tax return turbotax Si elige deducir estos impuestos, no puede deducir impuestos estatales y locales sobre los ingresos en el recuadro a de la línea 5 del Anexo A (Formulario 1040). Amend 2011 tax return turbotax Impuestos extranjeros sobre los ingresos. Amend 2011 tax return turbotax   Por lo general, los impuestos que paga a un país extranjero o una posesión (territorio no autónomo) estadounidense pueden ser reclamados como una deducción detallada en la línea 8 del Anexo A (Formulario 1040) o como un crédito a su favor para su impuesto sobre el ingreso de los EE. Amend 2011 tax return turbotax UU. Amend 2011 tax return turbotax en la línea 47 del Formulario 1040. Amend 2011 tax return turbotax Para reclamar el crédito, es posible que tenga que llenar y adjuntar el Formulario 1116, en inglés. Amend 2011 tax return turbotax Para más información, vea el capítulo 37 de esta publicación, las Instrucciones del Formulario 1040 o la Publicación 514, estos dos últimos en inglés. Amend 2011 tax return turbotax Impuestos sobre bienes raíces e impuestos sobre bienes muebles. Amend 2011 tax return turbotax    Los impuestos sobre bienes raíces e impuestos sobre bienes muebles se anotan en las líneas 6 y 7, respectivamente, del Anexo A (Formulario 1040), a menos que se paguen sobre bienes utilizados en su negocio. Amend 2011 tax return turbotax En tal caso, se anotan en el Anexo C, Anexo C-EZ o Anexo F (Formulario 1040). Amend 2011 tax return turbotax Los impuestos sobre propiedad que genere ingresos de alquiler o de regalías se anotan en el Anexo E (Formulario 1040). Amend 2011 tax return turbotax Impuestos sobre el trabajo por cuenta propia. Amend 2011 tax return turbotax    Deduzca la mitad de su impuesto sobre el trabajo por cuenta propia en la línea 27 del Formulario 1040. Amend 2011 tax return turbotax Otros impuestos. Amend 2011 tax return turbotax    Todos los demás impuestos deducibles se anotan en la línea 8 del Anexo A (Formulario 1040). Amend 2011 tax return turbotax Prev  Up  Next   Home   More Online Publications
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Amend 2011 tax return turbotax Publication 80 - Main Content Table of Contents Introduction 1. Amend 2011 tax return turbotax Employer Identification Number (EIN) 2. Amend 2011 tax return turbotax Who Are Employees?Tests. Amend 2011 tax return turbotax Business Owned and Operated by Spouses Farm Crew Leaders 3. Amend 2011 tax return turbotax Employee's Social Security Number (SSN)Registering for SSNVS. Amend 2011 tax return turbotax 4. Amend 2011 tax return turbotax Wages and Other CompensationFringe Benefits 5. Amend 2011 tax return turbotax TipsOrdering rule. Amend 2011 tax return turbotax 6. Amend 2011 tax return turbotax Social Security and Medicare Taxes for FarmworkersThe $150 Test or the $2,500 Test 7. Amend 2011 tax return turbotax How To Figure Social Security and Medicare TaxesHousehold and agricultural employers. Amend 2011 tax return turbotax 8. Amend 2011 tax return turbotax Depositing TaxesPayment with Return When To Deposit How To Deposit Deposit Penalties 9. Amend 2011 tax return turbotax Employer's ReturnsReporting Adjustments to Form 941-SS, 944-SS, 944, or 943 Current Period Adjustments Prior Period Adjustments 10. Amend 2011 tax return turbotax Wage and Tax StatementsWaiver. Amend 2011 tax return turbotax 11. Amend 2011 tax return turbotax Federal Unemployment (FUTA) Tax—U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Virgin Islands Employers Only How To Get Tax Help Introduction This publication is for employers whose principal place of business is in the U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Virgin Islands, Guam, American Samoa, or the Commonwealth of the Northern Mariana Islands, or who have employees who are subject to income tax withholding for any of these jurisdictions. Amend 2011 tax return turbotax Employers and employees in these areas are generally subject to social security and Medicare taxes under the Federal Insurance Contributions Act (FICA). Amend 2011 tax return turbotax See section 6 and section 7 for more information. Amend 2011 tax return turbotax This publication summarizes employer responsibilities to collect, pay, and report these taxes. Amend 2011 tax return turbotax Whenever the term “United States” is used in this publication, it includes U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Virgin Islands, Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands. Amend 2011 tax return turbotax This publication also provides employers in the U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Virgin Islands with a summary of their responsibilities in connection with the tax under the Federal Unemployment Tax Act, known as FUTA tax. Amend 2011 tax return turbotax See section 11 for more information. Amend 2011 tax return turbotax Except as shown in the table in section 12, social security, Medicare, and FUTA taxes apply to every employer who pays taxable wages to employees or who has employees who report tips. Amend 2011 tax return turbotax This publication does not include information relating to the self-employment tax (for social security and Medicare of self-employed persons). Amend 2011 tax return turbotax See Publication 570, Tax Guide for Individuals With Income From U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Possessions, if you need this information. Amend 2011 tax return turbotax This publication also does not include information relating to income tax withholding. Amend 2011 tax return turbotax In U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Virgin Islands, Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands, contact your local tax department for information about income tax withholding. Amend 2011 tax return turbotax See Publication 15 (Circular E), for information on U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax federal income tax withholding. Amend 2011 tax return turbotax Comments and suggestions. Amend 2011 tax return turbotax   We welcome your comments about this publication and your suggestions for future editions. Amend 2011 tax return turbotax   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Amend 2011 tax return turbotax NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Amend 2011 tax return turbotax Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Amend 2011 tax return turbotax    You can also send us comments from www. Amend 2011 tax return turbotax irs. Amend 2011 tax return turbotax gov/formspubs. Amend 2011 tax return turbotax Click on More Information and then click on Comment on Tax Forms and Publications. Amend 2011 tax return turbotax   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax forms, instructions, and publications. Amend 2011 tax return turbotax 1. Amend 2011 tax return turbotax Employer Identification Number (EIN) An employer identification number (EIN) is a nine-digit number that the IRS issues. Amend 2011 tax return turbotax Its format is 00-0000000. Amend 2011 tax return turbotax It is used to identify the tax accounts of employers and certain other organizations and entities that have no employees. Amend 2011 tax return turbotax Use your EIN on all of the items that you send to the IRS and SSA for your business. Amend 2011 tax return turbotax If you do not have an EIN, you may apply for one online. Amend 2011 tax return turbotax Go to IRS. Amend 2011 tax return turbotax gov and click on the Apply for an EIN Online link under Tools. Amend 2011 tax return turbotax You may also apply for an EIN by calling 1-800-829-4933, (U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Virgin Islands only) or 267-941-1099 (toll call), or you can fax or mail Form SS-4, Application for Employer Identification Number, to the IRS. Amend 2011 tax return turbotax Do not use a social security number (SSN) in place of an EIN. Amend 2011 tax return turbotax If you do not have an EIN by the time a return is due, file a paper return and enter “Applied For” and the date that you applied for it in the space shown for the number. Amend 2011 tax return turbotax If you took over another employer's business, do not use that employer's EIN. Amend 2011 tax return turbotax You should have only one EIN. Amend 2011 tax return turbotax If you have more than one, write to the IRS office where you file your returns using the “without a payment” address in the Instructions for Form 941-SS, Instructions for Form 944, or Instructions for Form 943. Amend 2011 tax return turbotax Or call the IRS Business & Specialty Tax Line at 1-800-829-4933 (U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Virgin Islands only) or 267-941-1000 (toll call). Amend 2011 tax return turbotax Persons who are deaf, hard of hearing, or have a speech disability (TDD/TTY users) in the U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Virgin Islands may call 1-800-829-4059. Amend 2011 tax return turbotax The IRS will tell you which EIN to use. Amend 2011 tax return turbotax For more information, see Publication 1635, Employer Identification Number: Understanding Your EIN, or Publication 583, Starting a Business and Keeping Records. Amend 2011 tax return turbotax 2. Amend 2011 tax return turbotax Who Are Employees? Generally, employees are defined either under common law or under special statutes for certain situations. Amend 2011 tax return turbotax See Publication 15-A, Employer's Supplemental Tax Guide, for details on statutory employees and nonemployees. Amend 2011 tax return turbotax Employee status under common law. Amend 2011 tax return turbotax   Generally, a worker who performs services for you is your employee if you can control what will be done and how it will be done. Amend 2011 tax return turbotax This is so even when you give the employee freedom of action. Amend 2011 tax return turbotax What matters is that you have the right to control the details of how the services are performed. Amend 2011 tax return turbotax See Publication 15-A for more information on how to determine whether an individual providing services is an independent contractor or an employee. Amend 2011 tax return turbotax    Generally, people in business for themselves are not employees. Amend 2011 tax return turbotax For example, doctors, lawyers, veterinarians, and others in an independent trade in which they offer their services to the public are usually not employees. Amend 2011 tax return turbotax However, if the business is incorporated, corporate officers who work in the business are employees of the corporation. Amend 2011 tax return turbotax   If an employer-employee relationship exists, it does not matter what it is called. Amend 2011 tax return turbotax The employee may be called an agent or independent contractor. Amend 2011 tax return turbotax It also does not matter how payments are measured or paid, what they are called, or if the employee works full or part time. Amend 2011 tax return turbotax Statutory employees. Amend 2011 tax return turbotax   There are also some special definitions of employees for social security, Medicare, and FUTA taxes. Amend 2011 tax return turbotax   While the following persons may not be common law employees, they are considered employees for social security and Medicare purposes if the conditions under Tests , discussed later, are met. Amend 2011 tax return turbotax a. Amend 2011 tax return turbotax   An agent (or commission) driver who delivers food or beverages (other than milk) or picks up and delivers laundry or dry cleaning for someone else. Amend 2011 tax return turbotax b. Amend 2011 tax return turbotax   A full-time life insurance salesperson who sells primarily for one company. Amend 2011 tax return turbotax c. Amend 2011 tax return turbotax   A homeworker who works by the guidelines of the person for whom the work is done, with materials furnished by and returned to that person or to someone that person designates. Amend 2011 tax return turbotax d. Amend 2011 tax return turbotax   A traveling or city salesperson (other than an agent-driver or commission-driver) who works full time (except for sideline sales activities) for one firm or person getting orders from customers. Amend 2011 tax return turbotax The orders must be for merchandise for resale or supplies for use in the customer's business. Amend 2011 tax return turbotax The customers must be retailers, wholesalers, contractors, or operators of hotels, restaurants, or other businesses dealing with food or lodging. Amend 2011 tax return turbotax Tests. Amend 2011 tax return turbotax   Withhold social security and Medicare taxes from statutory employees' wages if all three of the following tests apply. Amend 2011 tax return turbotax The service contract states or implies that almost all of the services are to be performed personally by them. Amend 2011 tax return turbotax They have little or no investment in the equipment and property used to perform the services (other than an investment in transportation facilities). Amend 2011 tax return turbotax The services are performed on a continuing basis for the same payer. Amend 2011 tax return turbotax Persons in a or d, earlier, are also employees for FUTA tax purposes if tests 1 through 3 are met (U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Virgin Islands only). Amend 2011 tax return turbotax   Publication 15-A gives examples of the employer-employee relationship. Amend 2011 tax return turbotax Statutory nonemployees. Amend 2011 tax return turbotax   Certain direct sellers, qualified real estate agents, and certain companion sitters are, by law, considered nonemployees. Amend 2011 tax return turbotax They are generally treated as self-employed for employment tax purposes. Amend 2011 tax return turbotax See Publication 15-A for details. Amend 2011 tax return turbotax H-2A agricultural workers. Amend 2011 tax return turbotax   On Form W-2, do not check box 13 (Statutory employee) as H-2A workers are not statutory employees. Amend 2011 tax return turbotax Treating employees as nonemployees. Amend 2011 tax return turbotax   If you incorrectly treated an employee as a nonemployee and did not withhold social security and Medicare taxes, you will be liable for the taxes. Amend 2011 tax return turbotax See Treating employees as nonemployees in section 2 of Publication 15 (Circular E), for details on Internal Revenue Code section 3509, which may apply. Amend 2011 tax return turbotax IRS help. Amend 2011 tax return turbotax   If you want the IRS to determine if a worker is an employee, file Form SS-8, Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding. Amend 2011 tax return turbotax Voluntary Classification Settlement Program (VCSP). Amend 2011 tax return turbotax   Employers who are currently treating their workers (or a class or group of workers) as independent contractors or other nonemployees and want to voluntarily reclassify their workers as employees for future tax periods may be eligible to participate in the VCSP if certain requirements are met. Amend 2011 tax return turbotax To apply, use Form 8952, Application for Voluntary Classification Settlement Program (VCSP). Amend 2011 tax return turbotax For more information, visit IRS. Amend 2011 tax return turbotax gov and enter “VCSP” in the search box. Amend 2011 tax return turbotax Business Owned and Operated by Spouses If you and your spouse jointly own and operate a business and share in the profits and losses, you are partners in a partnership, whether or not you have a formal partnership agreement. Amend 2011 tax return turbotax See Publication 541, Partnerships, for more details. Amend 2011 tax return turbotax The partnership is considered the employer of any employees, and is liable for any employment taxes due on wages paid to its employees. Amend 2011 tax return turbotax Exception—Qualified Joint Venture. Amend 2011 tax return turbotax   If you and your spouse materially participate as the only members of a jointly owned and operated business, and you file a joint Form 1040, U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Individual Income Tax Return, or joint Form 1040-SS, U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Self-Employment Tax Return—U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Virgin Islands, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, or Puerto Rico, you can make a joint election to be taxed as a qualified joint venture instead of a partnership. Amend 2011 tax return turbotax See the Instructions for Schedule C (Form 1040) or the Instructions for Form 1040-SS. Amend 2011 tax return turbotax Spouses electing qualified joint venture status are treated as sole proprietors for federal tax purposes. Amend 2011 tax return turbotax Either of the sole proprietor spouses may report and pay the employment taxes due on wages paid to the employees, using the EIN of that spouse’s sole proprietorship. Amend 2011 tax return turbotax For more information on qualified joint ventures, visit IRS. Amend 2011 tax return turbotax gov and enter “qualified joint venture” in the search box. Amend 2011 tax return turbotax Farm Crew Leaders You are an employer of farmworkers if you are a crew leader. Amend 2011 tax return turbotax A crew leader is a person who furnishes and pays (either on his or her own behalf or on behalf of the farm operator) workers to do farmwork for the farm operator. Amend 2011 tax return turbotax If there is no written agreement between you and the farm operator stating that you are his or her employee, and if you pay the workers (either for yourself or for the farm operator), then you are a crew leader. Amend 2011 tax return turbotax 3. Amend 2011 tax return turbotax Employee's Social Security Number (SSN) An employee's social security number (SSN) consists of nine digits separated as follows: 000-00-0000. Amend 2011 tax return turbotax You must get each employee's name and SSN and enter them on Form W-2AS, W-2CM, W-2GU, or W-2VI. Amend 2011 tax return turbotax If you do not report the employee's correct name and SSN, you may owe a penalty unless you have reasonable cause. Amend 2011 tax return turbotax See Publication 1586, Reasonable Cause Regulations and Requirements for Missing and Incorrect Name/TINs, for information on the requirement to solicit the employee's SSN. Amend 2011 tax return turbotax Employee's social security card. Amend 2011 tax return turbotax   You should ask the employee to show you his or her social security card. Amend 2011 tax return turbotax The employee may show the card if it is available. Amend 2011 tax return turbotax Do not accept a social security card that says “Not valid for employment. Amend 2011 tax return turbotax ” A social security number issued with this legend does not permit employment. Amend 2011 tax return turbotax You may, but you are not required to, photocopy the social security card if the employee provides it. Amend 2011 tax return turbotax If an employee does not have a social security card or needs a new one, the employee should apply for one on Form SS-5 and submit the necessary documentation. Amend 2011 tax return turbotax The employee must complete and sign Form SS-5; it cannot be filed by the employer. Amend 2011 tax return turbotax You may be asked to supply a letter to accompany Form SS-5 if the employee has exceeded his or her yearly or lifetime limit for the number of replacement cards allowed. Amend 2011 tax return turbotax If your employee has applied for an SSN but has not received the card before you must file your Form W-2 reports, and you are filing your reports on paper, enter “Applied For” in box d. Amend 2011 tax return turbotax Enter all zeroes in the SSN field if filing electronically. Amend 2011 tax return turbotax When the employee receives the SSN, file Copy A of Form W-2c with SSA to show the employee's SSN. Amend 2011 tax return turbotax Correctly record the employee's name and SSN. Amend 2011 tax return turbotax   Record the name and number of each employee as they appear on his or her social security card. Amend 2011 tax return turbotax If the name is not correct as shown on the card (for example, because of marriage or divorce), the employee should request a corrected card from the SSA. Amend 2011 tax return turbotax Continue to use the old name until the employee shows you the replacement social security card with the corrected name. Amend 2011 tax return turbotax   If the SSA issues the employee a replacement card after a name change, or a new card with a different social security number after a change in alien work status, file a Form W-2c to correct the name/SSN reported on the most recently filed Form W-2AS, W-2CM, W-2GU, or W-2VI. Amend 2011 tax return turbotax It is not necessary to correct other years if the previous name and SSN were used for years before the most recent Form W-2. Amend 2011 tax return turbotax Where to get and file social security number application forms. Amend 2011 tax return turbotax    U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Virgin Islands—U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Social Security Administration, 8000 Nisky Center, First Floor, Suite 2, St. Amend 2011 tax return turbotax Thomas, VI 00802. Amend 2011 tax return turbotax  Guam—U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Social Security Administration, 655 Harmon Loop Road, Suite 300, Dededo, GU 96929. Amend 2011 tax return turbotax  American Samoa—U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Social Security Administration, Pago Plaza, Suite 117, Pago Pago, AS 96799. Amend 2011 tax return turbotax  Commonwealth of the Northern Mariana Islands—U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Social Security Administration, MH Building, Suite 201, Saipan, MP 96950. Amend 2011 tax return turbotax Verification of social security numbers. Amend 2011 tax return turbotax   Employers and authorized reporting agents can use the Social Security Number Verification Service (SSNVS) to instantly verify up to 10 names and SSNs (per screen) at a time, or submit an electronic file of up to 250,000 names and SSNs and usually receive the results the next business day. Amend 2011 tax return turbotax Visit www. Amend 2011 tax return turbotax socialsecurity. Amend 2011 tax return turbotax gov/employer/ssnv. Amend 2011 tax return turbotax htm for more information. Amend 2011 tax return turbotax Registering for SSNVS. Amend 2011 tax return turbotax   You must register online and receive authorization from your employer to use SSNVS. Amend 2011 tax return turbotax To register, visit SSA's website at www. Amend 2011 tax return turbotax ssa. Amend 2011 tax return turbotax gov/employer and click on the Business Services Online link. Amend 2011 tax return turbotax Follow the registration instructions to obtain a user identification (ID) and password. Amend 2011 tax return turbotax You will need to provide the following information about yourself and your company. Amend 2011 tax return turbotax Name. Amend 2011 tax return turbotax SSN. Amend 2011 tax return turbotax Date of birth. Amend 2011 tax return turbotax Type of employer. Amend 2011 tax return turbotax EIN. Amend 2011 tax return turbotax Company name, address, and telephone number. Amend 2011 tax return turbotax Email address. Amend 2011 tax return turbotax   When you have completed the online registration process, SSA will mail a one-time activation code to your employer. Amend 2011 tax return turbotax You must enter the activation code online to use SSNVS. Amend 2011 tax return turbotax 4. Amend 2011 tax return turbotax Wages and Other Compensation Generally, all wages are subject to social security and Medicare tax (and FUTA tax for U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Virgin Islands employers). Amend 2011 tax return turbotax However, wages subject to social security tax and FUTA tax are limited by a wage base amount that you pay to each employee for the year. Amend 2011 tax return turbotax The wage base for social security tax is $117,000 for 2014. Amend 2011 tax return turbotax After you pay $117,000 to an employee in 2014, including tips, do not withhold social security tax on any amount that you later pay to the employee for the year. Amend 2011 tax return turbotax The wage base for FUTA tax is $7,000 for 2014. Amend 2011 tax return turbotax All wages are subject to Medicare tax. Amend 2011 tax return turbotax The wages may be in cash or in other forms, such as an automobile for personal use. Amend 2011 tax return turbotax Wages include salaries, vacation allowances, bonuses, commissions, and fringe benefits. Amend 2011 tax return turbotax It does not matter how payments are measured or paid. Amend 2011 tax return turbotax See the table in section 12 for exceptions to social security, Medicare, and FUTA taxes on wages. Amend 2011 tax return turbotax See section 5 and section 6 for a discussion of how the rules apply to tips and farmworkers. Amend 2011 tax return turbotax Social security and Medicare taxes apply to most payments of sick pay, including payments by third parties such as insurance companies. Amend 2011 tax return turbotax Special rules apply to the reporting of third-party sick pay. Amend 2011 tax return turbotax For details, see Publication 15-A. Amend 2011 tax return turbotax Determine the value of noncash pay (such as goods, lodging, and meals) by its fair market value. Amend 2011 tax return turbotax However, see Fringe Benefits , later in this section. Amend 2011 tax return turbotax Except for farmworkers and household employees, this kind of pay may be subject to social security, Medicare, and FUTA taxes. Amend 2011 tax return turbotax Back pay, including retroactive wage increases (but not amounts paid as liquidated damages), is taxed as ordinary wages in the year paid. Amend 2011 tax return turbotax For information on reporting back pay to the Social Security Administration, see Publication 957, Reporting Back Pay and Special Wage Payments to the Social Security Administration. Amend 2011 tax return turbotax Travel and business expenses. Amend 2011 tax return turbotax   Payments to your employee for travel and other necessary expenses of your business generally are included in taxable wages if (a) your employee is not required to or does not substantiate timely those expenses to you with receipts or other documentation, or (b) you advance an amount to your employee for business expenses and your employee is not required to or does not return timely any amount that he or she does not substantiate. Amend 2011 tax return turbotax Sick pay. Amend 2011 tax return turbotax   In general, sick pay is any amount that you pay, under a plan that you take part in, to an employee because of sickness or injury. Amend 2011 tax return turbotax These amounts are sometimes paid by a third party, such as an insurance company. Amend 2011 tax return turbotax In either case, these payments are subject to social security and Medicare taxes (and FUTA tax for U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Virgin Islands employers). Amend 2011 tax return turbotax Sick pay becomes exempt from these taxes after the end of 6 calendar months after the calendar month the employee last worked for the employer. Amend 2011 tax return turbotax Publication 15-A explains the employment tax rules that apply to sick pay, disability benefits, and similar payments to employees. Amend 2011 tax return turbotax Fringe Benefits Generally, fringe benefits are includible in the gross income of an employee and are subject to employment taxes. Amend 2011 tax return turbotax Examples of fringe benefits include the use of an automobile, aircraft flights that you provide, free or discounted commercial airline flights, vacations, discounts on property or services, memberships in country clubs or other social clubs, and tickets to entertainment or sporting events. Amend 2011 tax return turbotax In general, the amount included in the employee's income is the excess of the fair market value of the benefit over the sum of any amount paid for it by the employee and any amount excluded by law. Amend 2011 tax return turbotax For more information, see Publication 15-B, Employer's Tax Guide to Fringe Benefits. Amend 2011 tax return turbotax When fringe benefits are treated as paid. Amend 2011 tax return turbotax   You can choose to treat certain noncash fringe benefits (including personal use of an automobile provided by you) as paid by the pay period, quarter, or on any other basis that you choose, but they must be treated as paid at least annually. Amend 2011 tax return turbotax You do not have to make a formal choice of payment dates or notify the IRS. Amend 2011 tax return turbotax You do not have to use the same basis for all employees. Amend 2011 tax return turbotax You may change methods as often as you like, as long as all benefits provided in a calendar year are treated as paid no later than December 31 of the calendar year. Amend 2011 tax return turbotax However, see Special accounting rule for fringe benefits provided during November and December , later in this section. Amend 2011 tax return turbotax   You can treat the value of a single taxable noncash fringe benefit as paid on one or more dates in the same calendar year, even if the employee gets the entire benefit at one time. Amend 2011 tax return turbotax However, once you elect the payment dates, you must report the taxes on your return in the same tax period in which you treated them as paid. Amend 2011 tax return turbotax This election does not apply to a fringe benefit where real property or investment personal property is transferred. Amend 2011 tax return turbotax Withholding social security and Medicare taxes on fringe benefits. Amend 2011 tax return turbotax   You add the value of fringe benefits to regular wages for a payroll period and figure social security and Medicare taxes on the total. Amend 2011 tax return turbotax   If you withhold less than the required amount of social security and Medicare taxes from the employee in a calendar year but report and pay the proper amount, you may recover the taxes from the employee. Amend 2011 tax return turbotax Depositing taxes on fringe benefits. Amend 2011 tax return turbotax   Once you choose payment dates for taxable noncash fringe benefits, you must deposit taxes in the same deposit period that you treat the fringe benefits as paid. Amend 2011 tax return turbotax You may make a reasonable estimate of the value of the fringe benefits. Amend 2011 tax return turbotax In general, the value of taxable noncash fringe benefits provided in a calendar year must be determined by January 31 of the following year. Amend 2011 tax return turbotax   You may claim a refund of overpayments or elect to have any overpayment applied to the next employment tax return. Amend 2011 tax return turbotax If deposits are underpaid, see Deposit Penalties in section 8. Amend 2011 tax return turbotax Valuation of vehicles provided to employees. Amend 2011 tax return turbotax    If you provide a vehicle to your employees, you may either determine the actual value of the benefit for the entire calendar year, taking into account the business use of the vehicle, or consider the entire use for the calendar year as personal and include 100% of the value of the vehicle in the employee's income. Amend 2011 tax return turbotax For reporting information to employees, see the box 14 instructions in the General Instructions for Forms W-2 and W-3. Amend 2011 tax return turbotax Special accounting rule for fringe benefits provided during November and December. Amend 2011 tax return turbotax   You may choose to treat the value of taxable noncash fringe benefits provided during November and December as paid in the next year. Amend 2011 tax return turbotax However, this applies only to those benefits that you actually provided during November and December, not to those you merely treated as paid during those months. Amend 2011 tax return turbotax   If you use this rule, you must notify each affected employee between the time of the employee's last paycheck of the calendar year and at or near the time that you give the employee Form W-2AS, W-2CM, W-2GU, or W-2VI. Amend 2011 tax return turbotax If you use the special accounting rule, your employee must also use it for the same period that you use it. Amend 2011 tax return turbotax You cannot use this rule for a fringe benefit of real property or tangible or intangible real property of a kind normally held for investment that is transferred to your employee. Amend 2011 tax return turbotax 5. Amend 2011 tax return turbotax Tips Tips that your employee receives from customers are generally subject to social security and Medicare withholding. Amend 2011 tax return turbotax Your employee must report cash tips to you by the 10th of the month after the month that the tips are received. Amend 2011 tax return turbotax The report should include tips you paid over to the employee for charge customers, tips the employee received directly from customers, and tips received from other employees under any tip-sharing arrangement. Amend 2011 tax return turbotax Both directly and indirectly tipped employees must report tips to you. Amend 2011 tax return turbotax The report should not include tips that the employee paid out to other employees. Amend 2011 tax return turbotax No report is required for months when tips are less than $20. Amend 2011 tax return turbotax Your employees report tips on Form 4070, Employee's Report of Tips to Employer, or on a similar statement. Amend 2011 tax return turbotax They may also use Form 4070A, Employee's Daily Record of Tips, to keep a record of their tips. Amend 2011 tax return turbotax Both forms are included in Publication 1244, Employee's Daily Record of Tips and Report to Employer, available at IRS. Amend 2011 tax return turbotax gov. Amend 2011 tax return turbotax The statement must be signed by the employee and must include: The employee's name, address, and SSN, Your name and address, The month or period that the report covers, and The total tips received during the month or period. Amend 2011 tax return turbotax You are permitted to establish a system for electronic tip reporting by employees. Amend 2011 tax return turbotax See Regulations section 31. Amend 2011 tax return turbotax 6053-1(d). Amend 2011 tax return turbotax Collecting taxes on tips. Amend 2011 tax return turbotax   You must collect the employee social security and Medicare taxes on the employee's tips. Amend 2011 tax return turbotax You can also collect these taxes from the employee's wages or from other funds that he or she makes available. Amend 2011 tax return turbotax Stop collecting the employee social security tax when his or her total wages and tips for 2014 reach $117,000. Amend 2011 tax return turbotax Collect the employee Medicare tax for the whole year on all wages and tips. Amend 2011 tax return turbotax   You are responsible for the employer social security tax on wages and tips until the wages (including tips) reach the wage base limit. Amend 2011 tax return turbotax You are responsible for the employer Medicare tax for the whole year on all wages and tips. Amend 2011 tax return turbotax File Form 941-SS (or Form 944) to report withholding and employer taxes on tips. Amend 2011 tax return turbotax The withholding rules for withholding an employee's share of Medicare tax on tips also apply to withholding the Additional Medicare Tax once wages and tips exceed $200,000 in the calendar year. Amend 2011 tax return turbotax Ordering rule. Amend 2011 tax return turbotax   If, by the 10th of the month after the month you received an employee's report on tips, you do not have enough employee funds available to deduct the employee social security and Medicare tax on tips, you no longer have to collect it and are not liable for it. Amend 2011 tax return turbotax Reporting tips. Amend 2011 tax return turbotax   Report tips and any collected and uncollected social security in boxes 1, 5, 7, and 12 on Forms W-2AS, W-2CM, W-2GU, or W-2VI and on Form 941-SS, lines 5b, 5c, and 5d (Form 944, lines 4b, 4c, and 4d). Amend 2011 tax return turbotax Do not include any uncollected Additional Medicare Tax in box 12 of Form W-2. Amend 2011 tax return turbotax Report an adjustment on Form 941-SS, line 9 (Form 944, line 6), for the uncollected social security and Medicare taxes. Amend 2011 tax return turbotax The table in section 12 shows how tips are treated for FUTA tax purposes. Amend 2011 tax return turbotax   Revenue Ruling 2012-18 provides guidance for employers regarding social security and Medicare taxes imposed on tips, including information on the reporting of the employer share of social security and Medicare taxes under section 3121(q), the difference between tips and service charges, and the section 45B credit. Amend 2011 tax return turbotax See Revenue Ruling 2012-18, 2012-26 I. Amend 2011 tax return turbotax R. Amend 2011 tax return turbotax B. Amend 2011 tax return turbotax 1032, available at www. Amend 2011 tax return turbotax irs. Amend 2011 tax return turbotax gov/irb/2012-26_IRB/ar07. Amend 2011 tax return turbotax html. Amend 2011 tax return turbotax 6. Amend 2011 tax return turbotax Social Security and Medicare Taxes for Farmworkers The tests described below apply only to services that are defined as agricultural labor (farmwork). Amend 2011 tax return turbotax In general, you are an employer of farmworkers if your employees: Raise or harvest agricultural or horticultural products on your farm (including the raising and feeding of livestock); Work in connection with the operation, management, conservation, improvement, or maintenance of your farm and its tools and equipment; Provide services relating to salvaging timber, or clearing land of brush and other debris, left by a hurricane (also known as hurricane labor); Handle, process, or package any agricultural or horticultural commodity if you produced over half of the commodity (for a group of up to 20 unincorporated operators, all of the commodity); or Do work for you related to cotton ginning, turpentine, gum resin products, or the operation and maintenance of irrigation facilities. Amend 2011 tax return turbotax For this purpose, the term “farm” includes stock, dairy, poultry, fruit, fur-bearing animal, and truck farms, as well as plantations, ranches, nurseries, ranges, greenhouses or other similar structures used primarily for the raising of agricultural or horticultural commodities, and orchards. Amend 2011 tax return turbotax Farmwork does not include reselling activities that do not involve any substantial activity of raising agricultural or horticultural commodities, such as a retail store or a greenhouse used primarily for display or storage. Amend 2011 tax return turbotax A “share farmer” working for you is not your employee. Amend 2011 tax return turbotax However, the share farmer may be subject to self-employment tax. Amend 2011 tax return turbotax In general, share farming is an arrangement in which certain commodity products are shared between the farmer and the owner (or tenant) of the land. Amend 2011 tax return turbotax For details, see Regulations section 31. Amend 2011 tax return turbotax 3121(b)(16)-1. Amend 2011 tax return turbotax The $150 Test or the $2,500 Test All cash wages that you pay to any employee for farmwork are subject to social security and Medicare taxes if either of the following two tests is met. Amend 2011 tax return turbotax You pay cash wages to the employee of $150 or more in a year (count all cash wages paid on a time, piecework, or other basis) for farmwork. Amend 2011 tax return turbotax The $150 test applies separately to each farmworker that you employ. Amend 2011 tax return turbotax If you employ a family of workers, each member is treated separately. Amend 2011 tax return turbotax Do not count wages paid by other employers. Amend 2011 tax return turbotax The total that you pay for farmwork (cash and noncash) to all of your employees is $2,500 or more during the year. Amend 2011 tax return turbotax Exceptions. Amend 2011 tax return turbotax   The $150 and $2,500 tests do not apply to wages that you pay to a farmworker who receives less than $150 in annual cash wages and the wages are not subject to social security and Medicare taxes even if you pay $2,500 or more in that year to all of your farmworkers if the farmworker: Is employed in agriculture as a hand-harvest laborer, Is paid piece rates in an operation that is usually paid on a piece-rate basis in the region of employment, Commutes daily from his or her home to the farm, and Had been employed in agriculture less than 13 weeks in the preceding calendar year. Amend 2011 tax return turbotax   Amounts that you pay to these seasonal farmworkers, however, count toward the $2,500-or-more test to determine whether wages that you pay to other farmworkers are subject to social security and Medicare taxes. Amend 2011 tax return turbotax 7. Amend 2011 tax return turbotax How To Figure Social Security and Medicare Taxes The tax rate for social security is 6. Amend 2011 tax return turbotax 2% (amount withheld) each for the employer and employee (12. Amend 2011 tax return turbotax 4% total). Amend 2011 tax return turbotax The social security wage base limit is $117,000. Amend 2011 tax return turbotax The tax rate for Medicare is 1. Amend 2011 tax return turbotax 45% (amount withheld) each for the employee and employer (2. Amend 2011 tax return turbotax 9% total). Amend 2011 tax return turbotax There is no wage base limit for Medicare tax; all covered wages are subject to Medicare tax. Amend 2011 tax return turbotax Multiply each wage payment by these percentages to figure the tax to withhold from employees. Amend 2011 tax return turbotax Employers report both the employee and employer shares on Forms 941-SS, 944, or Form 943 (farm employment). Amend 2011 tax return turbotax See section 5 for information on tips. Amend 2011 tax return turbotax Additional Medicare Tax withholding. Amend 2011 tax return turbotax   In addition to withholding Medicare tax at 1. Amend 2011 tax return turbotax 45%, you must withhold a 0. Amend 2011 tax return turbotax 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Amend 2011 tax return turbotax 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. Amend 2011 tax return turbotax Additional Medicare Tax is only imposed on the employee. Amend 2011 tax return turbotax There is no employer share of Additional Medicare Tax. Amend 2011 tax return turbotax 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. Amend 2011 tax return turbotax   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. Amend 2011 tax return turbotax For more information on Additional Medicare Tax, visit IRS. Amend 2011 tax return turbotax gov and enter “Additional Medicare Tax” in the search box. Amend 2011 tax return turbotax Deducting the tax. Amend 2011 tax return turbotax   Deduct the employee tax from each wage payment. Amend 2011 tax return turbotax If you are not sure that the wages that you pay to a farmworker during the year will be taxable, you may either deduct the tax when you make the payments or wait until the $2,500 test or the $150 test explained in section 6 has been met. Amend 2011 tax return turbotax Employee's portion of taxes paid by employer. Amend 2011 tax return turbotax   If you pay your employee's social security and Medicare taxes without deducting them from the employee's pay, you must include the amount of the payments in the employee's wages for social security and Medicare taxes. Amend 2011 tax return turbotax This increase in the employee's wage payment for your payment of the employee's social security and Medicare taxes is also subject to employee social security and Medicare taxes. Amend 2011 tax return turbotax This again increases the amount of the additional taxes that you must pay. Amend 2011 tax return turbotax Household and agricultural employers. Amend 2011 tax return turbotax   This discussion does not apply to household and agricultural employers. Amend 2011 tax return turbotax If you pay a household or agricultural employee's social security and Medicare taxes, these payments must be included in the employee's wages. Amend 2011 tax return turbotax However, this wage increase due to the tax payments is not subject to social security or Medicare taxes as discussed in this section. Amend 2011 tax return turbotax See Publication 15-A for details. Amend 2011 tax return turbotax Sick pay payments. Amend 2011 tax return turbotax   Social security and Medicare taxes apply to most payments of sick pay, including payments made by third parties such as insurance companies. Amend 2011 tax return turbotax For details on third-party payers of sick pay, see Publication 15-A. Amend 2011 tax return turbotax 8. Amend 2011 tax return turbotax Depositing Taxes You must deposit social security and Medicare taxes if your tax liability (Form 941-SS, line 10; Form 944, line 7; or Form 943, line 11) is $2,500 or more for the tax return period. Amend 2011 tax return turbotax You must make the deposit by electronic funds transfer. Amend 2011 tax return turbotax For more information about electronic funds transfers, see How To Deposit , later in this section. Amend 2011 tax return turbotax Payment with Return $2,500 rule. Amend 2011 tax return turbotax   Instead of making deposits during the current quarter, you can pay your total Form 941-SS tax liability when you timely file Form 941-SS if: Your total Form 941-SS tax liability for either the current quarter or the preceding quarter is less than $2,500 and You do not incur a $100,000 next-day deposit obligation during the current quarter. Amend 2011 tax return turbotax   If you are not sure your total liability for the current quarter will be less than $2,500, (and your liability for the preceding quarter was not less than $2,500), make deposits using the semiweekly or monthly rules so you won't be subject to failure to deposit penalties. Amend 2011 tax return turbotax Employers who have been notified to file Form 944 can pay their tax liability due for the fourth quarter with Form 944, if their fourth quarter tax liability is less than $2,500. Amend 2011 tax return turbotax Employers must have deposited any tax liability due for the first, second, and third quarters, according to the deposit rules, in order to avoid failure-to-deposit penalties for deposits due during those quarters. Amend 2011 tax return turbotax Only monthly schedule depositors are allowed to make an Accuracy of Deposits Rule payment with the return. Amend 2011 tax return turbotax Semiweekly schedule depositors must timely deposit the amount. Amend 2011 tax return turbotax See Accuracy of Deposits Rule and How To Deposit, later in this section. Amend 2011 tax return turbotax When To Deposit Under the rules discussed below, the only difference between farm and nonfarm workers' employment tax deposit rules is the lookback period. Amend 2011 tax return turbotax Therefore, farm and nonfarm workers are discussed together except where noted. Amend 2011 tax return turbotax Depending on your total taxes reported during a lookback period (discussed later), you are either a monthly schedule depositor or a semiweekly schedule depositor. Amend 2011 tax return turbotax The terms “monthly schedule depositor” and “semiweekly schedule depositor” do not refer to how often you pay your employees or how often you are required to make deposits. Amend 2011 tax return turbotax The terms identify which set of rules that you must follow when a tax liability arises (for example, when you have a payday). Amend 2011 tax return turbotax You will need to determine your deposit schedule for a calendar year based on the total employment taxes reported on Forms 941-SS, line 10; Form 944, line 7; or Form 943, line 9, for your lookback period (defined below). Amend 2011 tax return turbotax If you filed both Forms 941-SS and 941 during the lookback period, combine the tax liabilities for these returns for purposes of determining your deposit schedule. Amend 2011 tax return turbotax Determine your deposit schedule for Form 943 separately from Forms 941-SS and 941. Amend 2011 tax return turbotax Lookback period for employers of nonfarm workers. Amend 2011 tax return turbotax   The lookback period for Form 941-SS (or Form 941) consists of four quarters beginning July 1 of the second preceding year and ending June 30 of the prior year. Amend 2011 tax return turbotax These four quarters are your lookback period even if you did not report any taxes for any of the quarters. Amend 2011 tax return turbotax For 2014, the lookback period is July 1, 2012, through June 30, 2013. Amend 2011 tax return turbotax    Table 1. Amend 2011 tax return turbotax Lookback Period for Calendar Year 2014 Lookback Period July 1, 2012 Oct. Amend 2011 tax return turbotax 1, 2012 Jan. Amend 2011 tax return turbotax 1, 2013 Apr. Amend 2011 tax return turbotax 1, 2013 through through through through Sep. Amend 2011 tax return turbotax 30, 2012 Dec. Amend 2011 tax return turbotax 31, 2012 Mar. Amend 2011 tax return turbotax 31, 2013 June 30, 2013    The lookback period for Form 944 is the second calendar year preceding the current calendar year. Amend 2011 tax return turbotax For example, the lookback period for calendar year 2014 is calendar year 2012. Amend 2011 tax return turbotax In addition, for employers who filed Form 944 for 2012 or for 2013 and will file Form 941-SS (or Form 941) for 2014, the lookback period for 2014 is the second calendar year preceding the current calendar year, that is, 2012. Amend 2011 tax return turbotax Lookback period for employers of farmworkers. Amend 2011 tax return turbotax   The lookback period for Form 943 is the second calendar year preceding the current calendar year. Amend 2011 tax return turbotax The lookback period for calendar year 2014 is calendar year 2012. Amend 2011 tax return turbotax Adjustments to lookback period taxes. Amend 2011 tax return turbotax   To determine your taxes for the lookback period, use only the tax that you reported on the original returns (Forms 941-SS, 943, or 944). Amend 2011 tax return turbotax Do not include any adjustments shown on Form 941-X, 943-X, or 944-X. Amend 2011 tax return turbotax Example. Amend 2011 tax return turbotax   An employer originally reported total taxes of $45,000 for the lookback period. Amend 2011 tax return turbotax The employer discovered during January 2014 that the tax reported during the lookback period was understated by $10,000 and corrected this error by filing Form 941-X. Amend 2011 tax return turbotax The employer is a monthly schedule depositor for 2014 because the lookback period tax liabilities are based on the amounts originally reported, and they were $50,000 or less. Amend 2011 tax return turbotax Deposit Period The term “deposit period” refers to the period during which tax liabilities are accumulated for each required deposit due date. Amend 2011 tax return turbotax For monthly schedule depositors, the deposit period is a calendar month. Amend 2011 tax return turbotax The deposit periods for semiweekly schedule depositors are Wednesday through Friday and Saturday through Tuesday. Amend 2011 tax return turbotax Monthly Deposit Schedule If your total tax reported for the lookback period is $50,000 or less, you are a monthly schedule depositor for the current year. Amend 2011 tax return turbotax You must deposit taxes on wage payments made during a calendar month by the 15th day of the following month. Amend 2011 tax return turbotax New employers. Amend 2011 tax return turbotax   Your tax liability for any quarter in the lookback period before the date you started or acquired your business is considered to be zero. Amend 2011 tax return turbotax Therefore, you are a monthly schedule depositor for the first calendar year of your business (but see the $100,000 Next-Day Deposit Rule , later in this section). Amend 2011 tax return turbotax Semiweekly Deposit Schedule If your total tax reported for the lookback period is more than $50,000, you are a semiweekly schedule depositor for the current year. Amend 2011 tax return turbotax If you are a semiweekly schedule depositor, you must deposit on Wednesday and/or Friday, depending on what day of the week that you make wage payments, as follows. Amend 2011 tax return turbotax Deposit taxes on wage payments made on Wednesday, Thursday, and/or Friday by the following Wednesday. Amend 2011 tax return turbotax Deposit taxes on wage payments made on Saturday, Sunday, Monday, and/or Tuesday by the following Friday. Amend 2011 tax return turbotax Semiweekly depositors are generally not required to deposit twice a week if their payments were in the same semiweekly period unless the $100,000 Next-Day Deposit Rule , discussed later in this section, applies. Amend 2011 tax return turbotax For example, if you made a payment on both Wednesday and Friday and incurred taxes of $10,000 for each pay date, deposit the $20,000 on the following Wednesday. Amend 2011 tax return turbotax If you made no additional payments on Saturday through Tuesday, no deposit is due on Friday. Amend 2011 tax return turbotax Semiweekly deposit period spanning two quarters. Amend 2011 tax return turbotax   If you have more than one pay date during a semiweekly period and the pay dates fall in different calendar quarters, you will need to make separate deposits for the separate liabilities. Amend 2011 tax return turbotax Example. Amend 2011 tax return turbotax   If you have a pay date on Monday, March 31, 2014 (first quarter), and another pay date on Tuesday, April 1, 2014 (second quarter), two separate deposits will be required even though the pay dates fall within the same semiweekly period. Amend 2011 tax return turbotax Both deposits will be due on Friday, April 4, 2014 (3 business days from the end of the semiweekly deposit period). Amend 2011 tax return turbotax Examples of Monthly and Semiweekly Schedules Employers of nonfarm workers. Amend 2011 tax return turbotax   Rose Co. Amend 2011 tax return turbotax reported Form 941-SS taxes as follows: 2013 Lookback Period 3rd Quarter 2011 $12,000 4th Quarter 2011 12,000 1st Quarter 2012 12,000 2nd Quarter 2012 12,000   $48,000 2014 Lookback Period 3rd Quarter 2012 $12,000 4th Quarter 2012 12,000 1st Quarter 2013 12,000 2nd Quarter 2013 15,000   $51,000 Rose Co. Amend 2011 tax return turbotax is a monthly schedule depositor for 2013 because its taxes for the four quarters in its lookback period ($48,000 for the 3rd quarter of 2011 through the 2nd quarter of 2012) were not more than $50,000. Amend 2011 tax return turbotax However, for 2014, Rose Co. Amend 2011 tax return turbotax is a semiweekly schedule depositor because the total taxes for the four quarters in its lookback period ($51,000 for the 3rd quarter of 2012 through the 2nd quarter of 2013) exceeded $50,000. Amend 2011 tax return turbotax Employers of farmworkers. Amend 2011 tax return turbotax   Red Co. Amend 2011 tax return turbotax reported taxes on its 2012 Form 943, line 9, of $48,000. Amend 2011 tax return turbotax On its 2013 Form 943, line 11, it reported taxes of $60,000. Amend 2011 tax return turbotax   Red Co. Amend 2011 tax return turbotax is a monthly schedule depositor for 2014 because its taxes for its lookback period ($48,000 for calendar year 2012) were not more than $50,000. Amend 2011 tax return turbotax However, for 2015, Red Co. Amend 2011 tax return turbotax is a semiweekly schedule depositor because the total taxes for its lookback period ($60,000 for calendar year 2013) exceeded $50,000. Amend 2011 tax return turbotax New agricultural employers. Amend 2011 tax return turbotax   New agricultural employers filing Form 943 are monthly schedule depositors for the first and second calendar years of their business because their taxes for the lookback period (2 years) are considered to be zero. Amend 2011 tax return turbotax However, see the $100,000 Next-Day Deposit Rule , later in this section. Amend 2011 tax return turbotax Deposits on Business Days Only If a deposit due date falls on a day that is not a business day, the deposit is considered timely if it is made by the close of the next business day. Amend 2011 tax return turbotax A business day is any day other than a Saturday, Sunday, or legal holiday. Amend 2011 tax return turbotax For example, if a deposit is required to be made on Friday, but Friday is a legal holiday, the deposit is considered timely if it is made by the following Monday (if Monday is a business day). Amend 2011 tax return turbotax Semiweekly schedule depositors have at least 3 business days to make a deposit. Amend 2011 tax return turbotax If any of the 3 weekdays after the end of a semiweekly period is a legal holiday, you will have an additional day for each day that is a legal holiday to make the required deposit. Amend 2011 tax return turbotax For example, if a semiweekly schedule depositor accumulated taxes for payments made on Friday and the following Monday is a legal holiday, the deposit normally due on Wednesday may be made on Thursday (this allows 3 business days to make the deposit). Amend 2011 tax return turbotax Legal holiday. Amend 2011 tax return turbotax   The term “legal holiday” means any legal holiday in the District of Columbia. Amend 2011 tax return turbotax Legal holidays for 2014 are listed below. Amend 2011 tax return turbotax January 1—New Year's Day January 20—Birthday of Martin Luther King, Jr. Amend 2011 tax return turbotax February 17—Washington's Birthday April 16—District of Columbia Emancipation Day May 26—Memorial Day July 4—Independence Day September 1—Labor Day October 13—Columbus Day November 11—Veterans Day November 27—Thanksgiving Day December 25—Christmas Day Application of Monthly and Semiweekly Schedules The following examples illustrate the procedure for determining the deposit date under the two different deposit schedules. Amend 2011 tax return turbotax Monthly schedule example. Amend 2011 tax return turbotax   Spruce Co. Amend 2011 tax return turbotax is a monthly schedule depositor with seasonal employees. Amend 2011 tax return turbotax It paid wages each Friday during August but did not pay any wages during September. Amend 2011 tax return turbotax Under the monthly deposit schedule, Spruce Co. Amend 2011 tax return turbotax must deposit the combined tax liabilities for the four August paydays by September 15. Amend 2011 tax return turbotax Spruce Co. Amend 2011 tax return turbotax does not have a deposit requirement for September (due by October 15) because no wages were paid and, therefore, it did not have a tax liability for September. Amend 2011 tax return turbotax Semiweekly schedule example. Amend 2011 tax return turbotax   Green, Inc. Amend 2011 tax return turbotax is a semiweekly schedule depositor and pays wages once each month on the last Friday of the month. Amend 2011 tax return turbotax Although Green, Inc. Amend 2011 tax return turbotax , has a semiweekly deposit schedule, it will deposit just once a month because it pays wages only once a month. Amend 2011 tax return turbotax The deposit, however, will be made under the semiweekly deposit schedule as follows: Green, Inc. Amend 2011 tax return turbotax ’s tax liability for the April 25, 2014 (Friday), payday must be deposited by April 30, 2014 (Wednesday). Amend 2011 tax return turbotax Under the semiweekly deposit schedule, liabilities for wages paid on Wednesday through Friday must be deposited by the following Wednesday. Amend 2011 tax return turbotax $100,000 Next-Day Deposit Rule If you accumulate taxes of $100,000 or more on any day during a deposit period, you must deposit by the close of the next business day, whether you are a monthly or a semiweekly schedule depositor. Amend 2011 tax return turbotax For purposes of the $100,000 rule, do not continue accumulating taxes after the end of a deposit period. Amend 2011 tax return turbotax For example, if a semiweekly schedule depositor has accumulated taxes of $95,000 on Tuesday and $10,000 on Wednesday, the $100,000 next-day deposit rule does not apply because the $10,000 is accumulated in the next deposit period. Amend 2011 tax return turbotax Thus, $95,000 must be deposited by Friday and $10,000 must be deposited by the following Wednesday. Amend 2011 tax return turbotax However, once you accumulate at least $100,000 in a deposit period, stop accumulating at the end of that day and begin to accumulate anew on the next day. Amend 2011 tax return turbotax For example, Fir Co. Amend 2011 tax return turbotax is a semiweekly schedule depositor. Amend 2011 tax return turbotax On Monday, Fir Co. Amend 2011 tax return turbotax accumulates taxes of $110,000 and must deposit on Tuesday, the next business day. Amend 2011 tax return turbotax On Tuesday, Fir Co. Amend 2011 tax return turbotax accumulates additional taxes of $30,000. Amend 2011 tax return turbotax Because the $30,000 is not added to the previous $110,000 and is less than $100,000, Fir Co. Amend 2011 tax return turbotax does not have to deposit the $30,000 until Friday (following the semiweekly deposit schedule). Amend 2011 tax return turbotax If you are a monthly schedule depositor and you accumulate a $100,000 tax liability on any day during a month, you become a semiweekly schedule depositor on the next day and remain so for the remainder of the calendar year and for the following calendar year. Amend 2011 tax return turbotax Example. Amend 2011 tax return turbotax   Elm, Inc. Amend 2011 tax return turbotax started its business on May 1, 2014. Amend 2011 tax return turbotax On May 8, it paid wages for the first time and accumulated a tax liability of $40,000. Amend 2011 tax return turbotax On Friday, May 9, Elm, Inc. Amend 2011 tax return turbotax paid wages and accumulated a liability of $60,000, making its accumulated Form 941-SS tax liability total $100,000. Amend 2011 tax return turbotax Elm, Inc. Amend 2011 tax return turbotax must deposit $100,000 by Monday, May 12, the next business day. Amend 2011 tax return turbotax Because this was the first year of its business, the tax liability for its lookback period is considered to be zero, and it would be a monthly schedule depositor based on the lookback rules. Amend 2011 tax return turbotax However, because Elm, Inc. Amend 2011 tax return turbotax accumulated $100,000 on May 9, it became a semiweekly schedule depositor on May 10. Amend 2011 tax return turbotax It will be a semiweekly schedule depositor for the remainder of 2014 and for 2015. Amend 2011 tax return turbotax Accuracy of Deposits Rule You are required to deposit 100% of your tax liability on or before the deposit due date. Amend 2011 tax return turbotax However, penalties will not be applied for depositing less than 100% if both of the following conditions are met. Amend 2011 tax return turbotax Any deposit shortfall does not exceed the greater of $100 or 2% of the amount of taxes otherwise required to be deposited, and The deposit shortfall is paid or deposited by the shortfall makeup date as described below. Amend 2011 tax return turbotax Makeup date for deposit shortfall: Monthly schedule depositor. Amend 2011 tax return turbotax Deposit or pay the shortfall by the due date of your Form 941-SS, 944, or 943 for the period in which the shortfall occurred. Amend 2011 tax return turbotax You may pay the shortfall with your return even if the amount is $2,500 or more. Amend 2011 tax return turbotax Semiweekly schedule depositor. Amend 2011 tax return turbotax Deposit by the earlier of: The first Wednesday or Friday (whichever comes first) that comes on or after the 15th of the month following the month in which the shortfall occurred, or The return due date for the period in which the shortfall occurred. Amend 2011 tax return turbotax For example, if a semiweekly schedule depositor filing Form 941-SS has a deposit shortfall during July 2014, the shortfall makeup date is August 15, 2014 (Friday). Amend 2011 tax return turbotax However, if the shortfall occurred on the required April 2 (Wednesday), deposit date for a March 28 (Friday) pay date, the return due date for the March 28 pay date (April 30) would come before the May 16 (Friday) shortfall makeup date. Amend 2011 tax return turbotax In this case, the shortfall must be deposited by April 30, 2014. Amend 2011 tax return turbotax Employers of Both Farm and Nonfarm Workers If you employ both farm and nonfarm workers, you must treat employment taxes for the farmworkers (Form 943 taxes) separately from employment taxes for the nonfarm workers (Form 941-SS or 944 taxes). Amend 2011 tax return turbotax Form 943 taxes and Form 941-SS (or Form 944) taxes are not combined for purposes of applying any of the deposit rules. Amend 2011 tax return turbotax If a deposit is due, deposit the Form 941-SS (or Form 944) taxes and Form 943 taxes separately, as discussed next. Amend 2011 tax return turbotax How To Deposit You must deposit employment taxes by electronic funds transfer. Amend 2011 tax return turbotax See Payment with Return , earlier in this section, for exceptions explaining when taxes may be paid with the tax return instead of being deposited. Amend 2011 tax return turbotax Electronic deposit requirement. Amend 2011 tax return turbotax   You must use electronic funds transfer to make all federal tax deposits (such as deposits of employment tax, excise tax, and corporate income tax). Amend 2011 tax return turbotax Generally, electronic fund transfers are made using the Electronic Federal Tax Payment System (EFTPS). Amend 2011 tax return turbotax 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. Amend 2011 tax return turbotax   EFTPS is a free service provided by the Department of the Treasury. Amend 2011 tax return turbotax To get more information or to enroll in EFTPS, call 1-800-555-4477 (U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Virgin Islands only) or 303-967-5916 (toll call). Amend 2011 tax return turbotax You can also visit the EFTPS website at www. Amend 2011 tax return turbotax eftps. Amend 2011 tax return turbotax gov. Amend 2011 tax return turbotax Additional information about EFTPS is also available in Publication 966. Amend 2011 tax return turbotax When you receive your EIN. Amend 2011 tax return turbotax   If you are a new employer that indicated a federal tax obligation when requesting an EIN, you will be pre-enrolled in EFTPS. Amend 2011 tax return turbotax You will receive information about Express Enrollment in your Employer Identification Number (EIN) Package and an additional mailing containing your EFTPS personal identification number (PIN) and instructions for activating your PIN. Amend 2011 tax return turbotax Follow the steps in your “How to Activate Your Enrollment” brochure to activate your enrollment and begin making your payroll tax deposits. Amend 2011 tax return turbotax If you outsource any of your payroll and related tax duties to a third party payer, such as a payroll service provider or reporting agent, be sure to tell them about your EFTPS enrollment. Amend 2011 tax return turbotax Deposit record. Amend 2011 tax return turbotax   For your records, an Electronic Funds Transfer (EFT) Trace Number will be provided with each successful payment. Amend 2011 tax return turbotax The number can be used as a receipt or to trace the payment. Amend 2011 tax return turbotax Depositing on time. Amend 2011 tax return turbotax   For deposits made by EFTPS to be on time, you must initiate the deposit by 8 p. Amend 2011 tax return turbotax m. Amend 2011 tax return turbotax Eastern time the day before the date the deposit is due. Amend 2011 tax return turbotax If you use a third party to make deposits on your behalf, they may have different cutoff times. Amend 2011 tax return turbotax Same-day payment option. Amend 2011 tax return turbotax   If you fail to initiate a deposit transaction on EFTPS by 8 p. Amend 2011 tax return turbotax m. Amend 2011 tax return turbotax Eastern time the day before the date a deposit is due, you can still make your deposit on time by using the Federal Tax Application (FTA). Amend 2011 tax return turbotax To use the same-day payment method, you will need to make arrangements with your financial institution ahead of time. Amend 2011 tax return turbotax Please check with your financial institution regarding availability, deadlines, and costs. Amend 2011 tax return turbotax Your financial institution may charge you a fee for payments made this way. Amend 2011 tax return turbotax To learn more about the information you will need to provide your financial institution to make a same-day wire payment, please visit www. Amend 2011 tax return turbotax eftps. Amend 2011 tax return turbotax gov to download the Same-Day Payment Worksheet. Amend 2011 tax return turbotax How to claim credit for overpayments. Amend 2011 tax return turbotax   If you deposited more than the right amount of taxes for a tax period, you can choose on Form 941-SS, 941, 944, or 943 for that tax period to have the overpayment refunded or applied as a credit to your next return. Amend 2011 tax return turbotax Do not ask EFTPS to request a refund from the IRS for you. Amend 2011 tax return turbotax Deposit Penalties Penalties may apply if you do not make required deposits on time or if you make deposits of less than the required amount. Amend 2011 tax return turbotax The penalties do not apply if any failure to make a proper and timely deposit was due to reasonable cause and not to willful neglect. Amend 2011 tax return turbotax The IRS may also waive penalties if you inadvertently fail to deposit in the first quarter that a deposit is due, or the first quarter during which your frequency of deposits changed, if you timely filed your employment tax return. Amend 2011 tax return turbotax For amounts not properly or timely deposited, the penalty rates are as follows. Amend 2011 tax return turbotax 2% - Deposits made 1 to 5 days late. Amend 2011 tax return turbotax 5% - Deposits made 6 to 15 days late. Amend 2011 tax return turbotax 10% - Deposits made 16 or more days late. Amend 2011 tax return turbotax Also applies to amounts paid within 10 days of the date of the first notice that the IRS sent asking for the tax due. Amend 2011 tax return turbotax 10% - Amounts (that should have been deposited) paid directly to the IRS or paid with your tax return (but see Payment with Return , earlier in this section, for exceptions). Amend 2011 tax return turbotax 15% - Amounts still unpaid more than 10 days after the date of the first notice that the IRS sent asking for the tax due or the day on which you received notice and demand for immediate payment, whichever is earlier. Amend 2011 tax return turbotax Late deposit penalty amounts are determined using calendar days, starting from the due date of the liability. Amend 2011 tax return turbotax Special rule for former Form 944 filers. Amend 2011 tax return turbotax    If you filed Form 944 for the prior year and must file Forms 941-SS for the current year because your employment tax liability for the prior year exceeded the Form 944 eligibility requirement ($1,000 or less), the failure-to-deposit penalty will not apply to a late deposit of employment taxes for the first month of the current year if the taxes are deposited in full by March 15 of the current year. Amend 2011 tax return turbotax Order in which deposits are applied. Amend 2011 tax return turbotax   Deposits generally are applied to the most recent tax liability within the return period (quarter or year). Amend 2011 tax return turbotax However, if you receive a failure-to-deposit penalty notice, you may designate how your payment is to be applied in order to minimize the amount of the penalty, if you do so within 90 days of the date of the notice. Amend 2011 tax return turbotax Follow the instructions on the penalty notice that you received. Amend 2011 tax return turbotax For more information on designating deposits, see Revenue Procedure 2001-58. Amend 2011 tax return turbotax You can find Revenue Procedure 2001-58 on page 579 of Internal Revenue Bulletin 2001-50 at www. Amend 2011 tax return turbotax irs. Amend 2011 tax return turbotax gov/pub/irs-irbs/irb01-50. Amend 2011 tax return turbotax pdf. Amend 2011 tax return turbotax Example. Amend 2011 tax return turbotax Cedar, Inc. Amend 2011 tax return turbotax is required to make a deposit of $1,000 on July 15 and $1,500 on August 15. Amend 2011 tax return turbotax It does not make the deposit on July 15. Amend 2011 tax return turbotax On August 15, Cedar, Inc. Amend 2011 tax return turbotax deposits $2,000. Amend 2011 tax return turbotax Under the deposits rule, which applies deposits to the most recent tax liability, $1,500 of the deposit is applied to the August 15 deposit and the remaining $500 is applied to the July deposit. Amend 2011 tax return turbotax Accordingly, $500 of the July 15 liability remains undeposited. Amend 2011 tax return turbotax The penalty on this underdeposit will apply as explained earlier. Amend 2011 tax return turbotax Trust fund recovery penalty. Amend 2011 tax return turbotax   If federal income, social security, or Medicare taxes that must be withheld are not withheld or are not deposited or paid to the United States Treasury, the trust fund recovery penalty may apply. Amend 2011 tax return turbotax The penalty is the full amount of the unpaid trust fund tax. Amend 2011 tax return turbotax This penalty may apply to you if these unpaid taxes cannot be immediately collected from the employer or business. Amend 2011 tax return turbotax   The trust fund recovery penalty may be imposed on all persons who are determined by the IRS to be responsible for collecting, accounting for, and paying over these taxes, and who acted willfully in not doing so. Amend 2011 tax return turbotax   A responsible person can be an officer or employee of a corporation, a partner or employee of a partnership, an accountant, a volunteer director/trustee, or an employee of a sole proprietorship, or any other person or entity that is responsible for collecting, accounting for, and paying over trust fund taxes. Amend 2011 tax return turbotax A responsible person also may include one who signs checks for the business or otherwise has authority to cause the spending of business funds. Amend 2011 tax return turbotax    Willfully means voluntarily, consciously, and intentionally. Amend 2011 tax return turbotax A responsible person acts willfully if the person knows the required actions of collecting, accounting for or paying over trust fund taxes are not taking place, or recklessly disregards obvious and known risks to the government's right to receive trust fund taxes. Amend 2011 tax return turbotax “Averaged” failure-to-deposit penalty. Amend 2011 tax return turbotax   The IRS may assess an “averaged” failure-to-deposit (FTD) penalty of 2% to 10% if you are a monthly schedule depositor and did not properly complete Form 941-SS, line 14, when your tax liability shown on Form 941-SS, line 10, was $2,500 or more. Amend 2011 tax return turbotax IRS may also assess this penalty of 2% to 10% if you are a semiweekly schedule depositor and your tax liability shown on Form 941-SS, line 10, was $2,500 or more and you did any of the following. Amend 2011 tax return turbotax Completed Form 941-SS, line 14, instead of Schedule B (Form 941). Amend 2011 tax return turbotax Failed to attach a properly completed Schedule B (Form 941). Amend 2011 tax return turbotax Completed Schedule B (Form 941) incorrectly, for example, by entering tax deposits instead of tax liabilities in the numbered spaces. Amend 2011 tax return turbotax   The IRS figures the penalty by allocating your total tax liability shown on Form 941-SS, line 10, equally throughout the tax period. Amend 2011 tax return turbotax Your deposits and payments may not be counted as timely because IRS does not know the actual dates of your tax liabilities. Amend 2011 tax return turbotax   You can avoid the penalty by reviewing your return before filing it. Amend 2011 tax return turbotax Follow these steps before filing your Form 941-SS. Amend 2011 tax return turbotax If you are a monthly schedule depositor, report your tax liabilities (not your deposits) in the monthly entry spaces on Form 941-SS, line 14. Amend 2011 tax return turbotax If you are a semiweekly schedule depositor, report your tax liabilities (not your deposits) on Schedule B (Form 941) in the lines that represent the dates you paid your employees. Amend 2011 tax return turbotax Verify that your total liability shown on Form 941-SS, line 14, or the bottom of Schedule B (Form 941) equals your tax liability shown on Form 941-SS,  line 10. Amend 2011 tax return turbotax Do not show negative amounts on Form 941-SS, line 14, or Schedule B (Form 941). Amend 2011 tax return turbotax For prior period errors, do not adjust your tax liabilities reported on your current Form 941-SS, line 14, or on Schedule B (Form 941). Amend 2011 tax return turbotax Instead, file an adjusted return (Form 941-X (if you are adjusting a previously filed Form 941-SS) or Form 944-X (if you are adjusting a previously filed Form 944-SS or 944)) if you are also adjusting your tax liability. Amend 2011 tax return turbotax If you are only adjusting your deposits in response to a failure-to-deposit penalty notice, see the Instructions for Schedule B (Form 941) (if you previously filed Form 941-SS) or the Instructions for Form 944-X (if you previously filed Form 944-SS or 944). Amend 2011 tax return turbotax If you filed Form 944 for 2013 and line 7 was $2,500 or more, you were required to complete Form 944, lines 13a–13m, or attach Form 945-A, Annual Record of Federal Tax Liability. Amend 2011 tax return turbotax If you failed to complete lines 13a–13m, or failed to attach Form 945-A, whichever was required, IRS may assess an “averaged” failure-to-deposit (FTD) penalty. Amend 2011 tax return turbotax 9. Amend 2011 tax return turbotax Employer's Returns General instructions. Amend 2011 tax return turbotax   File Forms 941-SS (or Form 944) for nonfarm workers and Form 943 for farmworkers. Amend 2011 tax return turbotax (U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax Virgin Islands employers may be required to file Form 940 for the combined wages of nonfarm workers and farmworkers. Amend 2011 tax return turbotax ) Employers with employees subject to U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax income tax withholding. Amend 2011 tax return turbotax   If you have both employees who are subject to U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax income tax withholding and employees who are not subject to U. Amend 2011 tax return turbotax S. Amend 2011 tax return turbotax income tax withholding, you must file only Form 941 (or Form 944) and include all your employees’ wages on that form. Amend 2011 tax return turbotax Nonfarm employers. Amend 2011 tax return turbotax   File Form 941-SS for the calendar quarter in which you first pay wages for nonfarm workers and for each quarter thereafter unless you are a seasonal employer or file a final return. Amend 2011 tax return turbotax Due dates for each quarter of the calendar year are as follows. Amend 2011 tax return turbotax Quarter Due Jan. Amend 2011 tax return turbotax , Feb. Amend 2011 tax return turbotax , Mar. Amend 2011 tax return turbotax Apr. Amend 2011 tax return turbotax 30 Apr. Amend 2011 tax return turbotax , May, June July 31 July, Aug. Amend 2011 tax return turbotax , Sept. Amend 2011 tax return turbotax Oct. Amend 2011 tax return turbotax 31 Oct. Amend 2011 tax return turbotax , Nov. Amend 2011 tax return turbotax , Dec. Amend 2011 tax return turbotax Jan. Amend 2011 tax return turbotax 31   However, if you deposited all taxes when due for the quarter, you have 10 additional days from the due dates to file the return. Amend 2011 tax return turbotax If the due date for filing your return falls on a Saturday, Sunday, or legal holiday, you may file on the next business day. Amend 2011 tax return turbotax   If you closed your business or stopped paying wages and do not have to file returns in the future, check the box on line 15 of your final Form 941-SS and show the date final wages were paid. Amend 2011 tax return turbotax Form 944. Amend 2011 tax return turbotax   If IRS notified you to file Form 944, file your 2013 Form 944 by January 31, 2014, or by February 10, 2014 (if you deposited all taxes when due). Amend 2011 tax return turbotax Household employers reporting social security and Medicare taxes. Amend 2011 tax return turbotax   If you are a sole proprietor and file Forms 941-SS (or Form 944) for business employees, you may include taxes for household employees on your Forms 941-SS (or Form 944). Amend 2011 tax return turbotax Otherwise, report social security and Medicare taxes for household employees on Schedule H (Form 1040), Household Employment Taxes. Amend 2011 tax return turbotax See Publication 926, Household Employer's Tax Guide, for more information. Amend 2011 tax return turbotax Employers of farmworkers. Amend 2011 tax return turbotax   Every employer of farmworkers must file a Form 943 for each calendar year beginning with the first year the employer pays $2,500 or more for farmwork or employs a farmworker who meets the $150 test described in section 6. Amend 2011 tax return turbotax   File a Form 943 each year for all taxable wages paid for farmwork. Amend 2011 tax return turbotax You may report household workers in a private home on a farm operated for profit on Form 943. Amend 2011 tax return turbotax Do not report wages for farmworkers on Form 941-SS or 944. Amend 2011 tax return turbotax   Send Form 943 to the IRS by January 31 of the following year. Amend 2011 tax return turbotax Send it with payment of any taxes due that you are not required to deposit. Amend 2011 tax return turbotax If you deposited all taxes when due, you have 10 additional days to file. Amend 2011 tax return turbotax Penalties. Amend 2011 tax return turbotax   For each whole or part month that a return is not filed when required (disregarding any extensions of the filing deadline), there is a failure-to-file penalty of 5% of the unpaid tax due with that return. Amend 2011 tax return turbotax The maximum penalty is generally 25% of the tax due. Amend 2011 tax return turbotax Also, for each whole or part month that the tax is paid late (disregarding any extensions of the payment deadline), there is a failure-to-pay penalty of 0. Amend 2011 tax return turbotax 5% per month of the amount of tax. Amend 2011 tax return turbotax For individual filers only, the failure-to-pay penalty is reduced from 0. Amend 2011 tax return turbotax 5% per month to 0. Amend 2011 tax return turbotax 25% per month if an installment agreement is in effect. Amend 2011 tax return turbotax You must have filed your return on or before the due date of the return to qualify for the reduced penalty. Amend 2011 tax return turbotax The maximum amount of the failure-to-pay penalty is also 25% of the tax due. Amend 2011 tax return turbotax If both penalties apply in any month, the failure-to-file penalty is reduced by the amount of the failure-to-pay penalty. Amend 2011 tax return turbotax The penalties will not be charged if you have a reasonable cause for failing to file or pay. Amend 2011 tax return turbotax If you receive a penalty notice, you can provide an explanation of why you believe reasonable cause exists. Amend 2011 tax return turbotax Reporting Adjustments to Form 941-SS, 944-SS, 944, or 943 Current Period Adjustments Make current period adjustments for fractions of cents, sick pay, tips, and group-term life insurance on your Form 941-SS, 944, or 943. Amend 2011 tax return turbotax See the Instructions for Form 941-SS, Instructions for Form 944, or Instructions for Form 943 for information on how to report these adjustments. Amend 2011 tax return turbotax Prior Period Adjustments Forms for prior period adjustments. Amend 2011 tax return turbotax   Use Form 941-X or Form 944-X to make a correction after you discover an error on a previously filed Form 941 or Form 944. Amend 2011 tax return turbotax There are also Forms 943-X, 945-X, and CT-1X to report corrections on the corresponding returns. Amend 2011 tax return turbotax Form 941-X and Form 944-X also replace Form 843, Claim for Refund and Request for Abatement, for employers to request a refund or abatement of overreported employment taxes. Amend 2011 tax return turbotax Continue to use Form 843 when requesting a refund or abatement of assessed interest or penalties. Amend 2011 tax return turbotax See Revenue Ruling 2009-39, 2009-52 I. Amend 2011 tax return turbotax R. Amend 2011 tax return turbotax B. Amend 2011 tax return turbotax 951, for examples of how the interest-free adjustment and claim for refund rules apply in 10 different situations. Amend 2011 tax return turbotax You can find Revenue Ruling 2009-39, at www. Amend 2011 tax return turbotax irs. Amend 2011 tax return turbotax gov/irb/2009-52_IRB/ar14. Amend 2011 tax return turbotax html. Amend 2011 tax return turbotax Background. Amend 2011 tax return turbotax   Treasury Decision 9405 changed the process for making interest-free adjustments to employment taxes reported on Forms 941-SS, 943, 944-SS, and 944, and for filing a claim for refund of employment taxes. Amend 2011 tax return turbotax Treasury Decision 9405, 2008-32 I. Amend 2011 tax return turbotax R. Amend 2011 tax return turbotax B. Amend 2011 tax return turbotax 293, is available at www. Amend 2011 tax return turbotax irs. Amend 2011 tax return turbotax gov/irb/2008-32_IRB/ar13. Amend 2011 tax return turbotax html. Amend 2011 tax return turbotax You will use the adjustment process if you underreported employment taxes and are making a payment, or if you overreported employment taxes and will be applying the credit to the Form 941-SS, 943, or 944 period during which you file Forms 941-X, 943-X, or 944-X, respectively. Amend 2011 tax return turbotax You will use the claim process if you overreported employment taxes and are requesting a refund or abatement of the overreported amount. Amend 2011 tax return turbotax We use the terms “correct” and “corrections” to include interest-free adjustments under sections 6205 and 6413, and claims for refund and abatement under sections 6402, 6414, and 6404 of the Internal Revenue Code. Amend 2011 tax return turbotax Correcting employment taxes. Amend 2011 tax return turbotax   When you discover an error on a previously filed Form 941-SS, 943, 944-SS, or 944, you must: Correct that error using Form 941-X, Form 943-X, or Form 944-X, File a separate Form 941-X, Form 943-X, or Form 944-X for