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Amended 1040ez

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Amended 1040ez

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

Amended 1040ez Publication 51 - Introductory Material Table of Contents Future Developments What's New Reminders Calendar Introduction Useful Items - You may want to see: Future Developments For the latest information about developments related to Publication 51 (Circular A), such as legislation enacted after it was published, go to www. Amended 1040ez irs. Amended 1040ez gov/pub51. Amended 1040ez What's New Social security and Medicare tax for 2014. Amended 1040ez  The social security tax rate is 6. Amended 1040ez 2% each for the employee and employer, unchanged from 2013. Amended 1040ez The social security wage base limit is $117,000. Amended 1040ez The Medicare tax rate is 1. Amended 1040ez 45% each for the employee and employer, unchanged from 2013. Amended 1040ez There is no wage base limit for Medicare tax. Amended 1040ez Social security and Medicare taxes apply to the wages of household workers you pay $1,900 or more in cash or an equivalent form of compensation. Amended 1040ez Withholding allowance. Amended 1040ez  The 2014 amount for one withholding allowance on an annual basis is $3,950. Amended 1040ez Change of responsible party. Amended 1040ez  Beginning January 1, 2014, any entity with an employer identification number (EIN) must file Form 8822-B, Change of Address or Responsible Party—Business, to report the latest change to its responsible party. Amended 1040ez Form 8822-B must be filed within 60 days of the change. Amended 1040ez If the change in the identity of your responsible party occurred before 2014, and you have not previously notified the IRS of the change, file Form 8822-B before March 1, 2014, reporting only the most recent change. Amended 1040ez For a definition of "responsible party", see the Form 8822-B instructions. Amended 1040ez Same-sex marriage. Amended 1040ez  For federal tax purposes, individuals of the same sex are considered married if they were lawfully married in a state (or foreign country) whose laws authorize the marriage of two individuals of the same sex, even if the state (or foreign country) in which they now live does not recognize same-sex marriage. Amended 1040ez For more information, see Revenue Ruling 2013-17, 2013-38 I. Amended 1040ez R. Amended 1040ez B. Amended 1040ez 201, available at www. Amended 1040ez irs. Amended 1040ez gov/irb/2013-38_IRB/ar07. Amended 1040ez html. Amended 1040ez Notice 2013-61 provides special administrative procedures for employers to make claims for refund or adjustments of overpayments of social security and Medicare taxes with respect to certain same-sex spouse benefits before expiration of the period of limitations. Amended 1040ez Notice 2013-61, 2013-44 I. Amended 1040ez R. Amended 1040ez B. Amended 1040ez 432, is available at www. Amended 1040ez irs. Amended 1040ez gov/irb/2013-44_IRB/ar10. Amended 1040ez html. Amended 1040ez Reminders Additional Medicare Tax withholding. Amended 1040ez  In addition to withholding Medicare tax at 1. Amended 1040ez 45%, you must withhold a 0. Amended 1040ez 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Amended 1040ez 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. Amended 1040ez Additional Medicare Tax is only imposed on the employee. Amended 1040ez There is no employer share of Additional Medicare Tax. Amended 1040ez 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. Amended 1040ez For more information on what wages are subject to Medicare tax, see the chart, Special Rules for Various Types of Services and Payments, in section 15 of Publication 15 (Circular E), Employer's Tax Guide. Amended 1040ez For more information on Additional Medicare Tax, visit IRS. Amended 1040ez gov and enter “Additional Medicare Tax” in the search box. Amended 1040ez Work opportunity tax credit for qualified tax-exempt organizations hiring qualified veterans. Amended 1040ez  The work opportunity tax credit is available for eligible unemployed veterans who begin work on or after November 22, 2011, and before January 1, 2014. Amended 1040ez Qualified tax-exempt organizations that hire eligible unemployed veterans can claim the work opportunity tax credit against their payroll tax liability using Form 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans. Amended 1040ez For more information, visit IRS. Amended 1040ez gov and enter “work opportunity tax credit” in the search box. Amended 1040ez Outsourcing payroll duties. Amended 1040ez  Employers are responsible to ensure that tax returns are filed and deposits and payments are made, even if the employer contracts with a third party to perform these acts. Amended 1040ez The employer remains responsible if the third party fails to perform any required action. Amended 1040ez If you choose to outsource any of your payroll and related tax duties (that is, withholding, reporting, and paying over social security, Medicare, FUTA, and income taxes) to a third-party payer such as a payroll service provider or reporting agent, visit IRS. Amended 1040ez gov and enter “outsourcing payroll duties” in the search box for helpful information on this topic. Amended 1040ez COBRA premium assistance credit. Amended 1040ez  The credit for COBRA premium assistance payments applies to premiums paid for employees involuntarily terminated between September 1, 2008, and May 31, 2010, and to premiums paid for up to 15 months. Amended 1040ez For more information, see COBRA premium assistance credit under Introduction. Amended 1040ez Compensation paid to H-2A foreign agricultural workers. Amended 1040ez  Report compensation of $600 or more paid to foreign agricultural workers who entered the country on H-2A visas in box 1 of Form W-2, Wage and Tax Statement. Amended 1040ez Compensation paid to H-2A workers for agricultural labor performed in connection with this visa is not subject to social security and Medicare taxes, and therefore should not be reported as wages subject to social security tax (line 2), Medicare tax (line 4), or Additional Medicare Tax withholding (line 6) on Form 943, Employer's Annual Federal Tax Return for Agricultural Employees, and should not be reported as social security wages (box 3) or Medicare wages (box 5) on Form W-2. Amended 1040ez On Form W-2, do not check box 13 (Statutory employee), as H-2A workers are not statutory employees. Amended 1040ez An employer is not required to withhold federal income tax from compensation it pays an H-2A worker for agricultural labor performed in connection with this visa unless the worker asks for withholding and the employer agrees. Amended 1040ez In that case, the worker must give the employer a completed Form W-4, Employee's Withholding Allowance Certificate. Amended 1040ez Federal income tax withheld should be reported on Form 943, line 8, and in box 2 of Form W-2. Amended 1040ez These reporting rules apply when the H-2A worker provides his or her taxpayer identification number (TIN) to the employer. Amended 1040ez For the rules relating to backup withholding and reporting when the H-2A worker does not provide a TIN, see the Instructions for Form 1099-MISC and the Instructions for Form 945. Amended 1040ez Additional employment tax information. Amended 1040ez  Visit the IRS website at www. Amended 1040ez irs. Amended 1040ez gov/businesses and click on Employment Taxes under Businesses Topics. Amended 1040ez For employment tax information by telephone, call 1-800-829-4933 or 1-800-829-4059 (TDD/TTY for persons who are deaf, hard of hearing, or have a speech disability) Monday–Friday from 7:00 a. Amended 1040ez m. Amended 1040ez –7:00 p. Amended 1040ez m. Amended 1040ez local time (Alaska and Hawaii follow Pacific time). Amended 1040ez Additionally, you can call IRS TeleTax at 1-800-829-4477 for recorded information by topic. Amended 1040ez Disregarded entities and qualified subchapter S subsidiaries (QSubs). Amended 1040ez  Eligible single-owner disregarded entities and QSubs are treated as separate entities for employment tax purposes. Amended 1040ez Eligible single-member entities that have not elected to be taxed as corporations must report and pay employment taxes on wages paid to their employees using the entities' own names and EINs. Amended 1040ez See Regulations sections 1. Amended 1040ez 1361-4(a)(7) and 301. Amended 1040ez 7701-2(c)(2)(iv). Amended 1040ez Differential wage payments. Amended 1040ez  Qualified differential wage payments made by employers to individuals serving in the Armed Forces after 2008 are subject to income tax withholding but not social security, Medicare, or FUTA taxes. Amended 1040ez For more information, see Publication 15 (Circular E). Amended 1040ez Federal tax deposits must be made by electronic funds transfer. Amended 1040ez  You must use electronic funds transfer to make all federal tax deposits. Amended 1040ez Generally, electronic fund transfers are made using the Electronic Federal Tax Payment System (EFTPS). Amended 1040ez 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. Amended 1040ez Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. Amended 1040ez EFTPS is a free service provided by the Department of Treasury. Amended 1040ez Services provided by your tax professional, financial institution, payroll service, or other third party may have a fee. Amended 1040ez For more information on making federal tax deposits, see How To Deposit in section 7. Amended 1040ez To get more information about EFTPS or to enroll in EFTPS, visit www. Amended 1040ez eftps. Amended 1040ez gov or call 1-800-555-4477 or 1-800-733-4829 (TDD). Amended 1040ez Additional information about EFTPS is also available in Publication 966, Electronic Federal Tax Payment System: A Guide To Getting Started. Amended 1040ez Electronic filing and payment. Amended 1040ez  Now, more than ever before, businesses can enjoy the benefits of filing tax returns and paying their taxes electronically. Amended 1040ez Whether you rely on a tax professional or handle your own taxes, the IRS offers you convenient programs to make it easier. Amended 1040ez Spend less time and worry on taxes and more time running your business. Amended 1040ez Use e-file and the Electronic Federal Tax Payment System (EFTPS) to your benefit. Amended 1040ez For e-file, visit the IRS website at www. Amended 1040ez irs. Amended 1040ez gov/efile for additional information. Amended 1040ez For EFTPS, visit www. Amended 1040ez eftps. Amended 1040ez gov or call EFTPS Customer Service at 1-800-555-4477 (business), 1-800-316-6541 (individual), or 1-800-733-4829 (TDD) for additional information. Amended 1040ez For electronic filing of Form W-2, visit www. Amended 1040ez socialsecurity. Amended 1040ez gov/employer. Amended 1040ez If you are filing your tax return or paying your federal taxes electronically, a valid EIN is required. Amended 1040ez If a valid EIN is not provided, the return or payment will not be processed. Amended 1040ez This may result in penalties and delays in processing your return or payment. Amended 1040ez Electronic funds withdrawal (EFW). Amended 1040ez  If you file Form 943 electronically, you can e-file and e-pay (electronic funds withdrawal) the balance due in a single step using tax preparation software or through a tax professional. Amended 1040ez However, do not use EFW to make federal tax deposits. Amended 1040ez For more information on paying your taxes using EFW, visit the IRS website at www. Amended 1040ez irs. Amended 1040ez gov/e-pay. Amended 1040ez A fee may be charged to file electronically. Amended 1040ez Credit or debit card payments. Amended 1040ez   Employers can pay the balance due shown on Form 943 by credit or debit card. Amended 1040ez Do not use a credit or debit card to make federal tax deposits. Amended 1040ez For more information on paying your taxes with a credit or debit card, visit the IRS website at www. Amended 1040ez irs. Amended 1040ez gov/e-pay. Amended 1040ez When you hire a new employee. Amended 1040ez  Ask each new employee to complete the 2014 Form W-4 or its Spanish version, Formulario W-4(SP), Certificado de Exención de Retenciones del Empleado. Amended 1040ez Also, ask the employee to show you his or her social security card so that you can record the employee's name and social security number accurately. Amended 1040ez If the employee has lost the card or recently changed names, have the employee apply for a duplicate or corrected card. Amended 1040ez If the employee does not have a card, have the employee apply for one on Form SS-5, Application for a Social Security Card. Amended 1040ez See section 1 for more information. Amended 1040ez Eligibility for employment. Amended 1040ez  You must verify that each new employee is legally eligible to work in the United States. Amended 1040ez This includes completing the U. Amended 1040ez S. Amended 1040ez Citizenship and Immigration Services (USCIS) Form I-9, Employment Eligibility Verification. Amended 1040ez You can get the form from USCIS offices or by calling 1-800-870-3676. Amended 1040ez Contact the USCIS at 1-800-375-5283, or visit the USCIS website at www. Amended 1040ez uscis. Amended 1040ez gov for more information. Amended 1040ez New hire reporting. Amended 1040ez   You are required to report any new employee to a designated state new-hire registry. Amended 1040ez A new employee is an employee who has not previously been employed by you or was previously employed by you but has been separated from such prior employment for at least 60 consecutive days. Amended 1040ez Many states accept a copy of Form W-4 with employer information added. Amended 1040ez Visit the Office of Child Support Enforcement's website at www. Amended 1040ez acf. Amended 1040ez hhs. Amended 1040ez gov/programs/cse/newhire for more information. Amended 1040ez Dishonored payments. Amended 1040ez  Any form of payment that is dishonored and returned from a financial institution is subject to a penalty. Amended 1040ez The penalty is $25 or 2% of the payment, whichever is more. Amended 1040ez However, the penalty on dishonored payments of $24. Amended 1040ez 99 or less is an amount equal to the payment. Amended 1040ez For example, a dishonored payment of $18 is charged a penalty of $18. Amended 1040ez Forms in Spanish. Amended 1040ez  You can provide Formulario W-4(SP) in place of Form W-4 to your Spanish-speaking employees. Amended 1040ez For more information, see Publicación 17(SP), El Impuesto Federal sobre los Ingresos (Para Personas Físicas). Amended 1040ez For nonemployees, Formulario W-9(SP), Solicitud y Certificación del Número de Identificación del Contribuyente, may be used in place of Form W-9, Request for Taxpayer Identification Number and Certification. Amended 1040ez References in this publication to Form W-4 or Form W-9 also apply to their equivalent Spanish translations—Formulario W-4(SP) or Formulario W-9(SP). Amended 1040ez Information returns. Amended 1040ez  You may be required to file information returns to report certain types of payments made during the year. Amended 1040ez For example, you must file Form 1099-MISC, Miscellaneous Income, to report payments of $600 or more to persons not treated as employees (for example, independent contractors) for services performed for your trade or business. Amended 1040ez For details about filing Forms 1099 and for information about required electronic filing, see the General Instructions for Certain Information Returns for general information and the separate, specific instructions for each information return that you file (for example, Instructions for Form 1099-MISC). Amended 1040ez Generally, do not use Forms 1099 to report wages or other compensation that you paid to employees; report these amounts on Form W-2. Amended 1040ez See the General Instructions for Forms W-2 and W-3 for details about filing Forms W-2 and for information about required electronic filing. Amended 1040ez If you file 250 or more Forms W-2, you must file them electronically. Amended 1040ez SSA will not accept Forms W-2 and W-3 filed on any magnetic media. Amended 1040ez Information reporting customer service site. Amended 1040ez  The IRS operates the Enterprise Computing Center—Martinsburg, a centralized customer service site, to answer questions about reporting on Forms W-2, W-3, 1099, and other information returns. Amended 1040ez If you have questions related to reporting on information returns, you may call 1-866-455-7438 (toll free), 304-263-8700 (toll call), or 304-267-3367 (TDD/TTY for persons who are deaf, heard of hearing, or have a speech disability). Amended 1040ez The call site can also be reached by email at mccirp@irs. Amended 1040ez gov. Amended 1040ez Do not include tax identification numbers (TINs) or attachments in email correspondence because electronic mail is not secure. Amended 1040ez Web-based application for an employer identification number (EIN). Amended 1040ez  You can apply for an employer identification number (EIN) online by visiting IRS. Amended 1040ez gov and clicking on the Apply for an EIN Online link under Tools. Amended 1040ez When a crew leader furnishes workers to you. Amended 1040ez  Record the crew leader's name, address, and EIN. Amended 1040ez See sections 2 and 10. Amended 1040ez Change of address. Amended 1040ez  Use Form 8822-B to notify the IRS of an address change. Amended 1040ez Do not mail form 8822-B with your employment tax return. Amended 1040ez Ordering forms and publications. Amended 1040ez  You can order your 2013 and 2014 employment tax and information return forms, instructions, and publications online at www. Amended 1040ez irs. Amended 1040ez gov/businesses. Amended 1040ez Click on the Online Ordering for Information Returns and Employer Returns. Amended 1040ez You can also visit www. Amended 1040ez irs. Amended 1040ez gov/formspubs to download other forms and publications. Amended 1040ez Instead of ordering paper Forms W-2 and W-3, consider filing them electronically using the Social Security Administration's (SSA) free e-file service. Amended 1040ez Visit the SSA's Employer W-2 Filing Instructions & Information website at  www. Amended 1040ez socialsecurity. Amended 1040ez gov/employer, to register for Business Services Online. Amended 1040ez You will be able to create and file “fill-in” versions of Forms W-2 with SSA and can print out completed copies of Forms W-2 for filing with state and local governments, distribution to your employees, and for your records. Amended 1040ez Form W-3 will be created for you based on your Forms W-2. Amended 1040ez Tax Questions. Amended 1040ez   If you have a tax question, check the information available on IRS. Amended 1040ez gov or call 1-800-829-4933 (businesses), 1-800-829-1040 (individuals), or 1-800-829-4059 (TDD/TTY for persons who are deaf, hard of hearing, or have a speech disability) Monday–Friday from 7:00 a. Amended 1040ez m. Amended 1040ez –7:00 p. Amended 1040ez m. Amended 1040ez local time (Alaska and Hawaii follow Pacific time). Amended 1040ez We cannot answer tax questions sent to the address provided later for comments and suggestions. Amended 1040ez Recordkeeping. Amended 1040ez  Keep all records of employment taxes for at least 4 years. Amended 1040ez These should be available for IRS review. Amended 1040ez Your records should include the following information. Amended 1040ez Your employer identification number (EIN). Amended 1040ez Amounts and dates of all wage, annuity, and pension payments. Amended 1040ez Names, addresses, social security numbers, and occupations of employees and recipients. Amended 1040ez Any employee copies of Forms W-2 and W-2c returned to you as undeliverable. Amended 1040ez Dates of employment for each employee. Amended 1040ez Periods for which employees and recipients were paid while absent due to sickness or injury and the amount and weekly rate of payments you or third-party payers made to them. Amended 1040ez Copies of employees' and recipients' income tax withholding allowance certificates (Forms W-4, W-4(SP), W-4P, and W-4S). Amended 1040ez Dates and amounts of tax deposits you made and acknowledgment numbers for deposits made by EFTPS. Amended 1040ez Copies of returns filed and confirmation numbers. Amended 1040ez Records of fringe benefits and expense reimbursements provided to your employees, including substantiation. Amended 1040ez If a crew leader furnished you with farmworkers, you must keep a record of the name, permanent mailing address, and EIN of the crew leader. Amended 1040ez If the crew leader has no permanent mailing address, record his or her present address. Amended 1040ez Private delivery services. Amended 1040ez  You can use certain private delivery services designated by the IRS to send tax returns and payments. Amended 1040ez The list includes only the following. Amended 1040ez DHL Express (DHL): DHL Same Day Service. Amended 1040ez Federal Express (FedEx): FedEx Priority Overnight, FedEx Standard Overnight, FedEx 2Day, FedEx International Priority, and FedEx International First. Amended 1040ez United Parcel Service (UPS): UPS Next Day Air, UPS Next Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A. Amended 1040ez M. Amended 1040ez , UPS Worldwide Express Plus, and UPS Worldwide Express. Amended 1040ez For the IRS mailing address to use if you are using a private delivery service, go to IRS. Amended 1040ez gov and enter "private delivery service" in the search box. Amended 1040ez Your private delivery service can tell you how to get written proof of the mailing date. Amended 1040ez Private delivery services cannot deliver items to P. Amended 1040ez O. Amended 1040ez boxes. Amended 1040ez You must use the U. Amended 1040ez S. Amended 1040ez Postal Service to mail any item to an IRS P. Amended 1040ez O. Amended 1040ez box address. Amended 1040ez Photographs of missing children. Amended 1040ez  The IRS is a proud partner with the National Center for Missing and Exploited Children. Amended 1040ez Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Amended 1040ez You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Amended 1040ez Calendar The following are important dates and responsibilities. Amended 1040ez See section 7 for information about depositing taxes reported on Forms 941, 943, 944, and 945. Amended 1040ez Also see Publication 509, Tax Calendars. Amended 1040ez   If any date shown below for filing a return, furnishing a form, or depositing taxes falls on a Saturday, Sunday, or legal holiday, the due date is the next business day. Amended 1040ez A statewide legal holiday delays a filing due date only if the IRS office where you are required to file is located in that state. Amended 1040ez However, a statewide legal holiday does not delay the due date of federal tax deposits. Amended 1040ez See Deposits on Business Days Only in section 7. Amended 1040ez For any filing due date, you will meet the “file” or “furnish” requirement if the envelope containing the return or form is properly addressed, contains sufficient postage, and is postmarked by the U. Amended 1040ez S. Amended 1040ez Postal Service on or before the due date, or sent by an IRS-designated delivery service on or before the due date. Amended 1040ez See Private delivery services under Reminders. Amended 1040ez By January 31 . Amended 1040ez   File Form 943. Amended 1040ez See section 8 for more information on Form 943. Amended 1040ez If you deposited all Form 943 taxes when due, you have 10 additional calendar days to file. Amended 1040ez Furnish each employee with a completed Form W-2. Amended 1040ez Furnish each recipient to whom you paid $600 or more in nonemployee compensation with a completed Form 1099 (for example, Form 1099-MISC). Amended 1040ez File Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return. Amended 1040ez See section 10 for more information on FUTA. Amended 1040ez If you deposited all the FUTA tax when due, you have 10 additional calendar days to file. Amended 1040ez File Form 945, Annual Return of Withheld Federal Income Tax, to report any nonpayroll federal income tax withheld in 2013. Amended 1040ez If you deposited all Form 945 taxes when due, you have 10 additional calendar days to file. Amended 1040ez By February 15. Amended 1040ez  Ask for a new Form W-4 or Formulario W-4(SP) from each employee who claimed exemption from federal income tax withholding last year. Amended 1040ez On February 16. Amended 1040ez  Any Form W-4 claiming exemption from withholding for the previous year has now expired. Amended 1040ez Begin withholding for any employee who previously claimed exemption from withholding but has not given you a new Form W-4 for the current year. Amended 1040ez If the employee does not give you a new Form W-4, withhold tax based on the last valid Form W-4 you have for the employee that does not claim exemption from withholding or, if one does not exist, as if he or she is single with zero withholding allowances. Amended 1040ez See section 5 for more information. Amended 1040ez If the employee furnishes a new Form W-4 claiming exemption from withholding after February 15, you may apply the exemption to future wages, but do not refund taxes withheld while the exempt status was not in place. Amended 1040ez By February 28. Amended 1040ez   File paper Forms 1099 and 1096. Amended 1040ez File Copy A of all paper Forms 1099 with Form 1096, Annual Summary and Transmittal of U. Amended 1040ez S. Amended 1040ez Information Returns, with the IRS. Amended 1040ez For electronically filed returns, see By March 31 below. Amended 1040ez File paper Forms W-2 and W-3. Amended 1040ez File Copy A of all paper Forms W-2 with Form W-3, Transmittal of Wage and Tax Statements, with the SSA. Amended 1040ez For electronically filed returns, see By March 31 next. Amended 1040ez By March 31. Amended 1040ez   File electronic Forms W-2 and 1099. Amended 1040ez File electronic Forms W-2 with the SSA and Forms 1099 with the IRS. Amended 1040ez For more information on reporting Form W-2 information to the SSA electronically, visit the SSA's Employer W-2 Filing Instructions & Information webpage at www. Amended 1040ez socialsecurity. Amended 1040ez gov/employer. Amended 1040ez For information on filing information returns electronically with the IRS, see Publication 1220, Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and W-2G. Amended 1040ez By April 30, July 31, October 31, and January 31. Amended 1040ez   Deposit FUTA taxes. Amended 1040ez Deposit FUTA tax if the undeposited amount is over $500. Amended 1040ez Before December 1. Amended 1040ez  Remind employees to submit a new Form W-4 if their marital status or withholding allowances have changed or will change for the next year. Amended 1040ez Introduction This publication is for employers of agricultural workers (farmworkers). Amended 1040ez It contains information that you may need to comply with the laws for agricultural labor (farmwork) relating to social security and Medicare taxes, FUTA tax, and withheld federal income tax (employment taxes). Amended 1040ez Agricultural employers report social security and Medicare taxes and withheld federal income tax on Form 943 and report FUTA tax on Form 940. Amended 1040ez If you have nonfarm employees, see Publication 15 (Circular E). Amended 1040ez If you have employees in the U. Amended 1040ez S. Amended 1040ez Virgin Islands, Guam, American Samoa, or the Commonwealth of the Northern Mariana Islands, see Publication 80 (Circular SS). Amended 1040ez Publication 15-A, Employer's Supplemental Tax Guide, contains more employment-related information, including information about sick pay and pension income. Amended 1040ez Publication 15-B, Employer's Tax Guide to Fringe Benefits, contains information about the employment tax treatment and valuation of various types of noncash compensation. Amended 1040ez Comments and suggestions. Amended 1040ez   We welcome your comments about this publication and your suggestions for future editions. Amended 1040ez   You can write to us at the following address:  Internal Revenue Service Tax Forms and Publications Division  1111 Constitution Ave. Amended 1040ez NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Amended 1040ez Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Amended 1040ez   You can also send us comments from www. Amended 1040ez irs. Amended 1040ez gov/formspubs. Amended 1040ez Click on More Information and then click on Comment on Tax Forms and Publications. Amended 1040ez   Although we cannot respond individually to each email, we do appreciate your feedback and will consider your comments as we revise our tax forms, instructions, and publications. Amended 1040ez COBRA premium assistance credit. Amended 1040ez   The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) provides certain former employees, retirees, spouses, former spouses, and dependent children the right to temporary continuation of health coverage at group rates. Amended 1040ez COBRA generally covers multiemployer health plans and health plans maintained by private-sector employers (other than churches) with 20 or more full and part-time employees. Amended 1040ez Parallel requirements apply to these plans under the Employee Retirement Income Security Act of 1974 (ERISA). Amended 1040ez Under the Public Health Service Act, COBRA requirements apply also to health plans covering state or local government employees. Amended 1040ez Similar requirements apply under the Federal Employees Health Benefits Program and under some state laws. Amended 1040ez For the premium assistance (or subsidy) discussed below, these requirements are all referred to as COBRA requirements. Amended 1040ez   Under the American Recovery and Reinvestment Act of 2009 (ARRA), employers are allowed a credit against “payroll taxes” (referred to in this publication as “employment taxes”) for providing COBRA premium assistance to assistance eligible individuals. Amended 1040ez For periods of COBRA continuation coverage beginning after February 16, 2009, a group health plan must treat an assistance eligible individual as having paid the required COBRA continuation coverage premium if the individual elects COBRA coverage and pays 35% of the amount of the premium. Amended 1040ez   An assistance eligible individual is a qualified beneficiary of an employer's group health plan who is eligible for COBRA continuation coverage during the period beginning September 1, 2008, and ending May 31, 2010, due to the involuntarily termination from employment of a covered employee during the period and elects continuation COBRA coverage. Amended 1040ez The assistance for the coverage can last up to 15 months. Amended 1040ez   Employees terminated during the period beginning September 1, 2008, and ending May 31, 2010, who received a severance package that delayed the start of the COBRA continuation coverage, may still be eligible for premium assistance for COBRA continuation coverage. Amended 1040ez For more information, see Notice 2009-27, 2009-16 I. Amended 1040ez R. Amended 1040ez B. Amended 1040ez 838, available at www. Amended 1040ez irs. Amended 1040ez gov/irb/2009-16_irb/ar09. Amended 1040ez html. Amended 1040ez   Administrators of the group health plans (or other entities) that provide or administer COBRA continuation coverage must provide notice to assistance eligible individuals of the COBRA premium assistance. Amended 1040ez   The 65% of the premium not paid by the assistance eligible individual is reimbursed to the employer maintaining the group health plan. Amended 1040ez The reimbursement is made through a credit against the employer's employment tax liabilities. Amended 1040ez For information on how to claim the credit, see the Instructions for Form 943. Amended 1040ez The credit is treated as a deposit made on the first day of the return period. Amended 1040ez In the case of a multiemployer plan, the credit is claimed by the plan, rather than the employer. Amended 1040ez In the case of an insured plan subject to state law continuation coverage requirements, the credit is claimed by the insurance company, rather than the employer. Amended 1040ez   Anyone claiming the credit for COBRA premium assistance payments must maintain the following information to support their claim, including the following. Amended 1040ez Information on the receipt of the assistance eligible individuals' 35% share of the premium including dates and amounts. Amended 1040ez In the case of an insurance plan, a copy of invoice or other supporting statement from the insurance carrier and proof of timely payment of the full premium to the insurance carrier required under COBRA. Amended 1040ez In the case of a self-insured plan, proof of the premium amount and proof of the coverage provided to the assistance eligible individuals. Amended 1040ez Attestation of involuntary termination, including the date of the involuntary termination for each covered employee whose involuntary termination is the basis for eligibility for the subsidy. Amended 1040ez Proof of each assistance eligible individual's eligibility for COBRA coverage and the election of COBRA coverage. Amended 1040ez A record of the social security numbers (SSNs) of all covered employees, the amount of the subsidy reimbursed with respect to each covered employee, and whether the subsidy was for one individual or two or more individuals. Amended 1040ez   For more information, visit IRS. Amended 1040ez gov and enter “COBRA” in the search box. Amended 1040ez Useful Items - You may want to see: Publication 15 (Circular E), Employer's Tax Guide 15-A Employer's Supplemental Tax Guide 15-B Employer's Tax Guide to Fringe Benefits 225 Farmer's Tax Guide 535 Business Expenses 583 Starting a Business and Keeping Records 1635 Employer Identification Number: Understanding Your EIN Prev  Up  Next   Home   More Online Publications