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File My 2011 Taxes Free

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File My 2011 Taxes Free

File my 2011 taxes free Publication 583 - Main Content Table of Contents What New Business Owners Need To Know Forms of BusinessMore information. File my 2011 taxes free More information. File my 2011 taxes free Exception—Community Income. File my 2011 taxes free Exception—Qualified joint venture. File my 2011 taxes free More information. File my 2011 taxes free More information. File my 2011 taxes free Identification NumbersEmployer Identification Number (EIN) Payee's Identification Number Tax Year Accounting Method Business TaxesIncome Tax Self-Employment Tax Employment Taxes Excise Taxes Depositing Taxes Information Returns PenaltiesWaiver of penalty. File my 2011 taxes free Business ExpensesBusiness Start-Up Costs Depreciation Business Use of Your Home Car and Truck Expenses RecordkeepingWhy Keep Records? Kinds of Records To Keep How Long To Keep Records Sample Record System How to Get More InformationInternal Revenue Service Small Business Administration Other Federal Agencies What New Business Owners Need To Know As a new business owner, you need to know your federal tax responsibilities. File my 2011 taxes free Table 1 can help you learn what those responsibilities are. File my 2011 taxes free Ask yourself each question listed in the table, then see the related discussion to find the answer. File my 2011 taxes free In addition to knowing about federal taxes, you need to make some basic business decisions. File my 2011 taxes free Ask yourself: What are my financial resources? What products and services will I sell? How will I market my products and services? How will I develop a strategic business plan? How will I manage my business on a day-to-day basis? How will I recruit employees? The Small Business Administration (SBA) is a federal agency that can help you answer these types of questions. File my 2011 taxes free For information on how to contact the SBA, see How to Get More Information, later. File my 2011 taxes free Forms of Business The most common forms of business are the sole proprietorship, partnership, and corporation. File my 2011 taxes free When beginning a business, you must decide which form of business to use. File my 2011 taxes free Legal and tax considerations enter into this decision. File my 2011 taxes free Only tax considerations are discussed in this publication. File my 2011 taxes free Your form of business determines which income tax return form you have to file. File my 2011 taxes free See Table 2 to find out which form you have to file. File my 2011 taxes free Sole proprietorships. File my 2011 taxes free   A sole proprietorship is an unincorporated business that is owned by one individual. File my 2011 taxes free It is the simplest form of business organization to start and maintain. File my 2011 taxes free The business has no existence apart from you, the owner. File my 2011 taxes free Its liabilities are your personal liabilities. File my 2011 taxes free You undertake the risks of the business for all assets owned, whether or not used in the business. File my 2011 taxes free You include the income and expenses of the business on your personal tax return. File my 2011 taxes free More information. File my 2011 taxes free   For more information on sole proprietorships, see Publication 334, Tax Guide for Small Business. File my 2011 taxes free If you are a farmer, see Publication 225, Farmer's Tax Guide. File my 2011 taxes free Partnerships. File my 2011 taxes free   A partnership is the relationship existing between two or more persons who join to carry on a trade or business. File my 2011 taxes free Each person contributes money, property, labor, or skill, and expects to share in the profits and losses of the business. File my 2011 taxes free   A partnership must file an annual information return to report the income, deductions, gains, losses, etc. File my 2011 taxes free , from its operations, but it does not pay income tax. File my 2011 taxes free Instead, it “passes through” any profits or losses to its partners. File my 2011 taxes free Each partner includes his or her share of the partnership's items on his or her tax return. File my 2011 taxes free More information. File my 2011 taxes free   For more information on partnerships, see Publication 541, Partnerships. File my 2011 taxes free Husband and wife business. File my 2011 taxes free   If you and your spouse jointly own and operate an unincorporated business and share in the profits and losses, you are partners in a partnership, whether or not you have a formal partnership agreement. File my 2011 taxes free Do not use Schedule C or C-EZ. File my 2011 taxes free Instead, file Form 1065, U. File my 2011 taxes free S. File my 2011 taxes free Return of Partnership Income. File my 2011 taxes free For more information, see Publication 541, Partnerships. File my 2011 taxes free Exception—Community Income. File my 2011 taxes free   If you and your spouse wholly own an unincorporated business as community property under the community property laws of a state, foreign country, or U. File my 2011 taxes free S. File my 2011 taxes free possession, you can treat the business either as a sole proprietorship or a partnership. File my 2011 taxes free The only states with community property laws are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. File my 2011 taxes free A change in your reporting position will be treated as a conversion of the entity. File my 2011 taxes free Exception—Qualified joint venture. File my 2011 taxes free   If you and your spouse each materially participate as the only members of a jointly owned and operated business, and you file a joint return for the tax year, you can make a joint election to be treated as a qualified joint venture instead of a partnership for the tax year. File my 2011 taxes free Making this election will allow you to avoid the complexity of Form 1065 but still give each spouse credit for social security earnings on which retirement benefits are based. File my 2011 taxes free For an explanation of "material participation," see the Instructions for Schedule C, line G. File my 2011 taxes free   To make this election, you must divide all items of income, gain, loss, deduction, and credit attributable to the business between you and your spouse in accordance with your respective interests in the venture. File my 2011 taxes free Each of you must file a separate Schedule C or C-EZ and a separate Schedule SE. File my 2011 taxes free For more information, see Qualified Joint Venture in the Instructions for Schedule SE. File my 2011 taxes free Corporations. File my 2011 taxes free   In forming a corporation, prospective shareholders exchange money, property, or both, for the corporation's capital stock. File my 2011 taxes free A corporation generally takes the same deductions as a sole proprietorship to figure its taxable income. File my 2011 taxes free A corporation can also take special deductions. File my 2011 taxes free   The profit of a corporation is taxed to the corporation when earned, and then is taxed to the shareholders when distributed as dividends. File my 2011 taxes free However, shareholders cannot deduct any loss of the corporation. File my 2011 taxes free More information. File my 2011 taxes free   For more information on corporations, see Publication 542, Corporations. File my 2011 taxes free S corporations. File my 2011 taxes free   An eligible domestic corporation can avoid double taxation (once to the corporation and again to the shareholders) by electing to be treated as an S corporation. File my 2011 taxes free Generally, an S corporation is exempt from federal income tax other than tax on certain capital gains and passive income. File my 2011 taxes free On their tax returns, the S corporation's shareholders include their share of the corporation's separately stated items of income, deduction, loss, and credit, and their share of nonseparately stated income or loss. File my 2011 taxes free More information. File my 2011 taxes free   For more information on S corporations, see the instructions for Form 2553, Election by a Small Business Corporation, and Form 1120S, U. File my 2011 taxes free S. File my 2011 taxes free Income Tax Return for an S Corporation. File my 2011 taxes free Limited liability company. File my 2011 taxes free   A limited liability company (LLC) is an entity formed under state law by filing articles of organization as an LLC. File my 2011 taxes free The members of an LLC are not personally liable for its debts. File my 2011 taxes free An LLC may be classified for federal income tax purposes as either a partnership, a corporation, or an entity disregarded as an entity separate from its owner by applying the rules in regulations section 301. File my 2011 taxes free 7701-3. File my 2011 taxes free For more information, see the instructions for Form 8832, Entity Classification Election. File my 2011 taxes free Identification Numbers You must have a taxpayer identification number so the IRS can process your returns. File my 2011 taxes free The two most common kinds of taxpayer identification numbers are the social security number (SSN) and the employer identification number (EIN). File my 2011 taxes free An SSN is issued to individuals by the Social Security Administration (SSA) and is in the following format: 000–00–0000. File my 2011 taxes free An EIN is issued to individuals (sole proprietors), partnerships, corporations, and other entities by the IRS and is in the following format: 00–0000000. File my 2011 taxes free You must include your taxpayer identification number (SSN or EIN) on all returns and other documents you send to the IRS. File my 2011 taxes free You must also furnish your number to other persons who use your identification number on any returns or documents they send to the IRS. File my 2011 taxes free This includes returns or documents filed to report the following information. File my 2011 taxes free Interest, dividends, royalties, etc. File my 2011 taxes free , paid to you. File my 2011 taxes free Any amount paid to you as a dependent care provider. File my 2011 taxes free Certain other amounts paid to you that total $600 or more for the year. File my 2011 taxes free If you do not furnish your identification number as required, you may be subject to penalties. File my 2011 taxes free See Penalties, later. File my 2011 taxes free Employer Identification Number (EIN) EINs are used to identify the tax accounts of employers, certain sole proprietors, corporations, partnerships, estates, trusts, and other entities. File my 2011 taxes free If you don't already have an EIN, you need to get one if you: Have employees, Have a qualified retirement plan, Operate your business as a corporation or partnership, or File returns for: Employment taxes, or Excise taxes. File my 2011 taxes free Applying for an EIN. File my 2011 taxes free   You may apply for an EIN: Online—Click on the EIN link at www. File my 2011 taxes free irs. File my 2011 taxes free gov/businesses/small. File my 2011 taxes free The EIN is issued immediately once the application information is validated. File my 2011 taxes free By telephone at 1-800-829-4933. File my 2011 taxes free By mailing or faxing Form SS-4, Application for Employer Identification Number. File my 2011 taxes free When to apply. File my 2011 taxes free   You should apply for an EIN early enough to receive the number by the time you must file a return or statement or make a tax deposit. File my 2011 taxes free If you apply by mail, file Form SS-4 at least 4 weeks before you need an EIN. File my 2011 taxes free If you apply by telephone or through the IRS website, you can get an EIN immediately. File my 2011 taxes free If you apply by fax, you can get an EIN within 4 business days. File my 2011 taxes free   If you do not receive your EIN by the time a return is due, file your return anyway. File my 2011 taxes free Write “Applied for” and the date you applied for the number in the space for the EIN. File my 2011 taxes free Do not use your social security number as a substitute for an EIN on your tax returns. File my 2011 taxes free More than one EIN. File my 2011 taxes free   You should have only one EIN. File my 2011 taxes free If you have more than one EIN and are not sure which to use, contact the Internal Revenue Service Center where you file your return. File my 2011 taxes free Give the numbers you have, the name and address to which each was assigned, and the address of your main place of business. File my 2011 taxes free The IRS will tell you which number to use. File my 2011 taxes free More information. File my 2011 taxes free   For more information about EINs, see Publication 1635, Understanding Your EIN. File my 2011 taxes free Payee's Identification Number In the operation of a business, you will probably make certain payments you must report on information returns (discussed later under Information Returns). File my 2011 taxes free The forms used to report these payments must include the payee's identification number. File my 2011 taxes free Employee. File my 2011 taxes free   If you have employees, you must get an SSN from each of them. File my 2011 taxes free Record the name and SSN of each employee exactly as they are shown on the employee's social security card. File my 2011 taxes free If the employee's name is not correct as shown on the card, the employee should request a new card from the SSA. File my 2011 taxes free This may occur, for example, if the employee's name has changed due to marriage or divorce. File my 2011 taxes free   If your employee does not have an SSN, he or she should file Form SS-5, Application for a Social Security Card, with the SSA. File my 2011 taxes free This form is available at SSA offices or by calling 1-800-772-1213. File my 2011 taxes free It is also available from the SSA website at www. File my 2011 taxes free ssa. File my 2011 taxes free gov. File my 2011 taxes free Other payee. File my 2011 taxes free   If you make payments to someone who is not your employee and you must report the payments on an information return, get that person's SSN. File my 2011 taxes free If you make reportable payments to an organization, such as a corporation or partnership, you must get its EIN. File my 2011 taxes free   To get the payee's SSN or EIN, use Form W-9, Request for Taxpayer Identification Number and Certification. File my 2011 taxes free This form is available from IRS offices or by calling 1-800-829-3676. File my 2011 taxes free It is also available from the IRS website at IRS. File my 2011 taxes free gov. File my 2011 taxes free    If the payee does not provide you with an identification number, you may have to withhold part of the payments as backup withholding. File my 2011 taxes free For information on backup withholding, see the Form W-9 instructions and the General Instructions for Certain Information Returns. File my 2011 taxes free Tax Year You must figure your taxable income and file an income tax return based on an annual accounting period called a tax year. File my 2011 taxes free A tax year is usually 12 consecutive months. File my 2011 taxes free There are two kinds of tax years. File my 2011 taxes free Calendar tax year. File my 2011 taxes free A calendar tax year is 12 consecutive months beginning January 1 and ending December 31. File my 2011 taxes free Fiscal tax year. File my 2011 taxes free A fiscal tax year is 12 consecutive months ending on the last day of any month except December. File my 2011 taxes free A 52-53-week tax year is a fiscal tax year that varies from 52 to 53 weeks but does not have to end on the last day of a month. File my 2011 taxes free If you file your first tax return using the calendar tax year and you later begin business as a sole proprietor, become a partner in a partnership, or become a shareholder in an S corporation, you must continue to use the calendar year unless you get IRS approval to change it or are otherwise allowed to change it without IRS approval. File my 2011 taxes free You must use a calendar tax year if: You keep no books. File my 2011 taxes free You have no annual accounting period. File my 2011 taxes free Your present tax year does not qualify as a fiscal year. File my 2011 taxes free You are required to use a calendar year by a provision of the Internal Revenue Code or the Income Tax Regulations. File my 2011 taxes free For more information, see Publication 538, Accounting Periods and Methods. File my 2011 taxes free First-time filer. File my 2011 taxes free   If you have never filed an income tax return, you can adopt either a calendar tax year or a fiscal tax year. File my 2011 taxes free You adopt a tax year by filing your first income tax return using that tax year. File my 2011 taxes free You have not adopted a tax year if you merely did any of the following. File my 2011 taxes free Filed an application for an extension of time to file an income tax return. File my 2011 taxes free Filed an application for an employer identification number. File my 2011 taxes free Paid estimated taxes for that tax year. File my 2011 taxes free Changing your tax year. File my 2011 taxes free   Once you have adopted your tax year, you may have to get IRS approval to change it. File my 2011 taxes free To get approval, you must file Form 1128, Application To Adopt, Change, or Retain a Tax Year. File my 2011 taxes free You may have to pay a fee. File my 2011 taxes free For more information, see Publication 538. File my 2011 taxes free Accounting Method An accounting method is a set of rules used to determine when and how income and expenses are reported. File my 2011 taxes free You choose an accounting method for your business when you file your first income tax return. File my 2011 taxes free There are two basic accounting methods. File my 2011 taxes free Cash method. File my 2011 taxes free Under the cash method, you report income in the tax year you receive it. File my 2011 taxes free You usually deduct or capitalize expenses in the tax year you pay them. File my 2011 taxes free Accrual method. File my 2011 taxes free Under an accrual method, you generally report income in the tax year you earn it, even though you may receive payment in a later year. File my 2011 taxes free You deduct or capitalize expenses in the tax year you incur them, whether or not you pay them that year. File my 2011 taxes free For other methods, see Publication 538. File my 2011 taxes free If you need inventories to show income correctly, you must generally use an accrual method of accounting for purchases and sales. File my 2011 taxes free Inventories include goods held for sale in the normal course of business. File my 2011 taxes free They also include raw materials and supplies that will physically become a part of merchandise intended for sale. File my 2011 taxes free Inventories are explained in Publication 538. File my 2011 taxes free Certain small business taxpayers can use the cash method of accounting and can also account for inventoriable items as materials and supplies that are not incidental. File my 2011 taxes free For more information, see Publication 538. File my 2011 taxes free You must use the same accounting method to figure your taxable income and to keep your books. File my 2011 taxes free Also, you must use an accounting method that clearly shows your income. File my 2011 taxes free In general, any accounting method that consistently uses accounting principles suitable for your trade or business clearly shows income. File my 2011 taxes free An accounting method clearly shows income only if it treats all items of gross income and expense the same from year to year. File my 2011 taxes free More than one business. File my 2011 taxes free   When you own more than one business, you can use a different accounting method for each business if the method you use for each clearly shows your income. File my 2011 taxes free You must keep a complete and separate set of books and records for each business. File my 2011 taxes free Changing your method of accounting. File my 2011 taxes free   Once you have set up your accounting method, you must generally get IRS approval before you can change to another method. File my 2011 taxes free A change in accounting method not only includes a change in your overall system of accounting, but also a change in the treatment of any material item. File my 2011 taxes free For examples of changes that require approval and information on how to get approval for the change, see Publication 538. File my 2011 taxes free Business Taxes The form of business you operate determines what taxes you must pay and how you pay them. File my 2011 taxes free The following are the four general kinds of business taxes. File my 2011 taxes free Income tax. File my 2011 taxes free Self-employment tax. File my 2011 taxes free Employment taxes. File my 2011 taxes free Excise taxes. File my 2011 taxes free See Table 2 for the forms you file to report these taxes. File my 2011 taxes free You may want to get Publication 509. File my 2011 taxes free It has tax calendars that tell you when to file returns and make tax payments. File my 2011 taxes free Income Tax All businesses except partnerships must file an annual income tax return. File my 2011 taxes free Partnerships file an information return. File my 2011 taxes free Which form you use depends on how your business is organized. File my 2011 taxes free See Table 2 to find out which return you have to file. File my 2011 taxes free The federal income tax is a pay-as-you-go tax. File my 2011 taxes free You must pay the tax as you earn or receive income during the year. File my 2011 taxes free An employee usually has income tax withheld from his or her pay. File my 2011 taxes free If you do not pay your tax through withholding, or do not pay enough tax that way, you might have to pay estimated tax. File my 2011 taxes free If you are not required to make estimated tax payments, you may pay any tax due when you file your return. File my 2011 taxes free Table 2. File my 2011 taxes free Which Forms Must I File? IF you are a. File my 2011 taxes free . File my 2011 taxes free . File my 2011 taxes free   THEN you may be liable for. File my 2011 taxes free . File my 2011 taxes free . File my 2011 taxes free   Use Form. File my 2011 taxes free . File my 2011 taxes free . File my 2011 taxes free Sole proprietor   Income tax   1040 and Schedule C 1 or C-EZ (Schedule F 1 for farm business)     Self-employment tax   1040 and Schedule SE     Estimated tax   1040-ES     Employment taxes:         • Social security and Medicare   taxes and income tax   withholding   941 or 944 (943 for farm employees)     • Federal unemployment (FUTA)   tax   940     Excise taxes   See Excise Taxes Partnership   Annual return of income   1065     Employment taxes   Same as sole proprietor     Excise taxes   See Excise Taxes Partner in a partnership (individual)   Income tax   1040 and Schedule E 2     Self-employment tax   1040 and Schedule SE     Estimated tax   1040-ES Corporation or S corporation   Income tax   1120 (corporation) 2  1120S (S corporation) 2     Estimated tax   1120-W (corporation only)     Employment taxes   Same as sole proprietor     Excise taxes   See Excise Taxes S corporation shareholder   Income tax   1040 and Schedule E 2     Estimated tax   1040-ES 1 File a separate schedule for each business. File my 2011 taxes free 2 Various other schedules may be needed. File my 2011 taxes free Estimated tax. File my 2011 taxes free   Generally, you must pay taxes on income, including self-employment tax (discussed next), by making regular payments of estimated tax during the year. File my 2011 taxes free Sole proprietors, partners, and S corporation shareholders. File my 2011 taxes free   You generally have to make estimated tax payments if you expect to owe tax of $1,000 or more when you file your return. File my 2011 taxes free Use Form 1040-ES, Estimated Tax for Individuals, to figure and pay your estimated tax. File my 2011 taxes free For more information, see Publication 505, Tax Withholding and Estimated Tax. File my 2011 taxes free Corporations. File my 2011 taxes free   You generally have to make estimated tax payments for your corporation if you expect it to owe tax of $500 or more when you file its return. File my 2011 taxes free Use Form 1120-W, Estimated Tax for Corporations, to figure the estimated tax. File my 2011 taxes free You must deposit the payments as explained later under Depositing Taxes. File my 2011 taxes free For more information, see Publication 542. File my 2011 taxes free Self-Employment Tax Self-employment tax (SE tax) is a social security and Medicare tax primarily for individuals who work for themselves. File my 2011 taxes free Your payments of SE tax contribute to your coverage under the social security system. File my 2011 taxes free Social security coverage provides you with retirement benefits, disability benefits, survivor benefits, and hospital insurance (Medicare) benefits. File my 2011 taxes free You must pay SE tax and file Schedule SE (Form 1040) if either of the following applies. File my 2011 taxes free Your net earnings from self-employment were $400 or more. File my 2011 taxes free You had church employee income of $108. File my 2011 taxes free 28 or more. File my 2011 taxes free Use Schedule SE (Form 1040) to figure your SE tax. File my 2011 taxes free For more information, see Publication 334, Tax Guide for Small Business. File my 2011 taxes free You can deduct a portion of your SE tax as an adjustment to income on your Form 1040. File my 2011 taxes free The Social Security Administration (SSA) time limit for posting self-employment income. File my 2011 taxes free   Generally, the SSA will give you credit only for self-employment income reported on a tax return filed within 3 years, 3 months, and 15 days after the tax year you earned the income. File my 2011 taxes free If you file your tax return or report a change in your self-employment income after this time limit, the SSA may change its records, but only to remove or reduce the amount. File my 2011 taxes free The SSA will not change its records to increase your self-employment income. File my 2011 taxes free Employment Taxes This section briefly discusses the employment taxes you must pay, the forms you must file to report them, and other forms that must be filed when you have employees. File my 2011 taxes free Employment taxes include the following. File my 2011 taxes free Social security and Medicare taxes. File my 2011 taxes free Federal income tax withholding. File my 2011 taxes free Federal unemployment (FUTA) tax. File my 2011 taxes free If you have employees, you will need to get Publication 15, Circular E, Employer's Tax Guide. File my 2011 taxes free If you have agricultural employees, get Publication 51, Circular A, Agricultural Employer's Tax Guide. File my 2011 taxes free These publications explain your tax responsibilities as an employer. File my 2011 taxes free If you are not sure whether the people working for you are your employees, see Publication 15-A, Employer's Supplemental Tax Guide. File my 2011 taxes free That publication has information to help you determine whether an individual is an employee or an independent contractor. File my 2011 taxes free If you classify an employee as an independent contractor, you can be held liable for employment taxes for that worker plus a penalty. File my 2011 taxes free An independent contractor is someone who is self-employed. File my 2011 taxes free Generally, you do not have to withhold or pay any taxes on payments to an independent contractor. File my 2011 taxes free Federal Income, Social Security, and Medicare Taxes You generally must withhold federal income tax from your employee's wages. File my 2011 taxes free To figure how much federal income tax to withhold from each wage payment, use the employee's Form W-4 (discussed later under Hiring Employees) and the methods described in Publication 15. File my 2011 taxes free Social security and Medicare taxes pay for benefits that workers and their families receive under the Federal Insurance Contributions Act (FICA). File my 2011 taxes free Social security tax pays for benefits under the old-age, survivors, and disability insurance part of FICA. File my 2011 taxes free Medicare tax pays for benefits under the hospital insurance part of FICA. File my 2011 taxes free You withhold part of these taxes from your employee's wages and you pay a part yourself. File my 2011 taxes free To find out how much social security and Medicare tax to withhold and to pay, see Publication 15. File my 2011 taxes free Which form do I file?   Report these taxes on Form 941, Employer's QUARTERLY Federal Tax Return, or Form 944, Employer's ANNUAL Federal Tax Return. File my 2011 taxes free (Farm employers use Form 943, Employer's Annual Federal Tax Return for Agricultural Employees. File my 2011 taxes free ) Federal Unemployment (FUTA) Tax The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. File my 2011 taxes free You report and pay FUTA tax separately from social security and Medicare taxes and withheld income tax. File my 2011 taxes free You pay FUTA tax only from your own funds. File my 2011 taxes free Employees do not pay this tax or have it withheld from their pay. File my 2011 taxes free Which form do I file?   Report federal unemployment tax on Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return. File my 2011 taxes free See Publication 15 to find out if you can use this form. File my 2011 taxes free Hiring Employees Have the employees you hire fill out Form I-9 and Form W-4. File my 2011 taxes free Form I-9. File my 2011 taxes free   You must verify that each new employee is legally eligible to work in the United States. File my 2011 taxes free Both you and the employee must complete the U. File my 2011 taxes free S. File my 2011 taxes free Citizenship and Immigration Services (USCIS) Form I-9, Employment Eligibility Verification. File my 2011 taxes free You can get the form from USCIS offices or from the USCIS website at www. File my 2011 taxes free uscis. File my 2011 taxes free gov. File my 2011 taxes free Call the USCIS at 1-800-375-5283 for more information about your responsibilities. File my 2011 taxes free Form W-4. File my 2011 taxes free   Each employee must fill out Form W-4, Employee's Withholding Allowance Certificate. File my 2011 taxes free You will use the filing status and withholding allowances shown on this form to figure the amount of income tax to withhold from your employee's wages. File my 2011 taxes free For more information, see Publication 15. File my 2011 taxes free Employees claiming more than 10 withholding allowances. File my 2011 taxes free   An employer of an employee who claims more than 10 withholding allowances for wages paid can use several methods of withholding. File my 2011 taxes free See section 16 of Publication 15. File my 2011 taxes free Form W-2 Wage Reporting After the calendar year is over, you must furnish copies of Form W-2, Wage and Tax Statement, to each employee to whom you paid wages during the year. File my 2011 taxes free You must also send copies to the Social Security Administration. File my 2011 taxes free See Information Returns, later, for more information on Form W-2. File my 2011 taxes free Excise Taxes This section describes the excise taxes you may have to pay and the forms you have to file if you do any of the following. File my 2011 taxes free Manufacture or sell certain products. File my 2011 taxes free Operate certain kinds of businesses. File my 2011 taxes free Use various kinds of equipment, facilities, or products. File my 2011 taxes free Receive payment for certain services. File my 2011 taxes free For more information on excise taxes, see Publication 510, Excise Taxes. File my 2011 taxes free Form 720. File my 2011 taxes free   The federal excise taxes reported on Form 720, Quarterly Federal Excise Tax Return, consist of several broad categories of taxes, including the following. File my 2011 taxes free Environmental taxes. File my 2011 taxes free Communications and air transportation taxes. File my 2011 taxes free Fuel taxes. File my 2011 taxes free Tax on the first retail sale of heavy trucks, trailers, and tractors. File my 2011 taxes free Manufacturers taxes on the sale or use of a variety of different articles. File my 2011 taxes free Form 2290. File my 2011 taxes free   There is a federal excise tax on certain trucks, truck tractors, and buses used on public highways. File my 2011 taxes free The tax applies to vehicles having a taxable gross weight of 55,000 pounds or more. File my 2011 taxes free Report the tax on Form 2290, Heavy Highway Vehicle Use Tax Return. File my 2011 taxes free For more information, see the instructions for Form 2290. File my 2011 taxes free Form 730. File my 2011 taxes free   If you are in the business of accepting wagers or conducting a wagering pool or lottery, you may be liable for the federal excise tax on wagering. File my 2011 taxes free Use Form 730, Monthly Tax Return for Wagers, to figure the tax on the wagers you receive. File my 2011 taxes free Form 11-C. File my 2011 taxes free   Use Form 11-C, Occupational Tax and Registration Return for Wagering, to register for any wagering activity and to pay the federal occupational tax on wagering. File my 2011 taxes free Depositing Taxes You generally have to deposit employment taxes, certain excise taxes, corporate income tax, and S corporation taxes before you file your return. File my 2011 taxes free Generally, taxpayers are required to deposit taxes through the Electronic Federal Tax Payment System (EFTPS). File my 2011 taxes free Any business that has a federal tax obligation and requests a new EIN will automatically be enrolled in EFTPS. File my 2011 taxes free Through the mail, the business will receive an EFTPS PIN package that contains instructions for activating its EFTPS enrollment. File my 2011 taxes free Information Returns If you make or receive payments in your business, you may have to report them to the IRS on information returns. File my 2011 taxes free The IRS compares the payments shown on the information returns with each person's income tax return to see if the payments were included in income. File my 2011 taxes free You must give a copy of each information return you are required to file to the recipient or payer. File my 2011 taxes free In addition to the forms described below, you may have to use other returns to report certain kinds of payments or transactions. File my 2011 taxes free For more details on information returns and when you have to file them, see the General Instructions for Certain Information Returns. File my 2011 taxes free Form 1099-MISC. File my 2011 taxes free   Use Form 1099-MISC, Miscellaneous Income, to report certain payments you make in your trade or business. File my 2011 taxes free These payments include the following items. File my 2011 taxes free Payments of $600 or more for services performed for your business by people not treated as your employees, such as subcontractors, attorneys, accountants, or directors. File my 2011 taxes free Rent payments of $600 or more, other than rents paid to real estate agents. File my 2011 taxes free Prizes and awards of $600 or more that are not for services, such as winnings on TV or radio shows. File my 2011 taxes free Royalty payments of $10 or more. File my 2011 taxes free Payments to certain crew members by operators of fishing boats. File my 2011 taxes free You also use Form 1099-MISC to report your sales of $5,000 or more of consumer goods to a person for resale anywhere other than in a permanent retail establishment. File my 2011 taxes free Form W-2. File my 2011 taxes free   You must file Form W-2, Wage and Tax Statement, to report payments to your employees, such as wages, tips, and other compensation, withheld income, social security, and Medicare taxes. File my 2011 taxes free For more information on what to report on Form W-2, see the Instructions for Forms W-2 and W-3. File my 2011 taxes free Form 8300. File my 2011 taxes free   You must file Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business, if you receive more than $10,000 in cash in one transaction or two or more related business transactions. File my 2011 taxes free Cash includes U. File my 2011 taxes free S. File my 2011 taxes free and foreign coin and currency. File my 2011 taxes free It also includes certain monetary instruments such as cashier's and traveler's checks and money orders. File my 2011 taxes free For more information, see Publication 1544, Reporting Cash Payments of Over $10,000 (Received in a Trade or Business). File my 2011 taxes free Penalties The law provides penalties for not filing returns or paying taxes as required. File my 2011 taxes free Criminal penalties may be imposed for willful failure to file, tax evasion, or making a false statement. File my 2011 taxes free Failure to file tax returns. File my 2011 taxes free   If you do not file your tax return by the due date, you may have to pay a penalty. File my 2011 taxes free The penalty is based on the tax not paid by the due date. File my 2011 taxes free See your tax return instructions for more information about this penalty. File my 2011 taxes free Failure to pay tax. File my 2011 taxes free   If you do not pay your taxes by the due date, you will have to pay a penalty for each month, or part of a month, that your taxes are not paid. File my 2011 taxes free For more information, see your tax return instructions. File my 2011 taxes free Failure to withhold, deposit, or pay taxes. File my 2011 taxes free   If you do not withhold income, social security, or Medicare taxes from employees, or if you withhold taxes but do not deposit them or pay them to the IRS, you may be subject to a penalty of the unpaid tax, plus interest. File my 2011 taxes free You may also be subject to penalties if you deposit the taxes late. File my 2011 taxes free For more information, see Publication 15. File my 2011 taxes free Failure to follow information reporting requirements. File my 2011 taxes free   The following penalties apply if you are required to file information returns. File my 2011 taxes free For more information, see the General Instructions for Certain Information Returns. File my 2011 taxes free Failure to file information returns. File my 2011 taxes free A penalty applies if you do not file information returns by the due date, if you do not include all required information, or if you report incorrect information. File my 2011 taxes free Failure to furnish correct payee statements. File my 2011 taxes free A penalty applies if you do not furnish a required statement to a payee by the due date, if you do not include all required information, or if you report incorrect information. File my 2011 taxes free Waiver of penalty. File my 2011 taxes free   These penalties will not apply if you can show that the failures were due to reasonable cause and not willful neglect. File my 2011 taxes free   In addition, there is no penalty for failure to include all the required information, or for including incorrect information, on a de minimis number of information returns if you correct the errors by August 1 of the year the returns are due. File my 2011 taxes free (To be considered de minimis, the number of returns cannot exceed the greater of 10 or ½ of 1% of the total number of returns you are required to file for the year. File my 2011 taxes free ) Failure to supply taxpayer identification number. File my 2011 taxes free   If you do not include your taxpayer identification number (SSN or EIN) or the taxpayer identification number of another person where required on a return, statement, or other document, you may be subject to a penalty of $50 for each failure. File my 2011 taxes free You may also be subject to the $50 penalty if you do not give your taxpayer identification number to another person when it is required on a return, statement, or other document. File my 2011 taxes free Business Expenses You can deduct business expenses on your income tax return. File my 2011 taxes free These are the current operating costs of running your business. File my 2011 taxes free To be deductible, a business expense must be both ordinary and necessary. File my 2011 taxes free An ordinary expense is one that is common and accepted in your field of business, trade, or profession. File my 2011 taxes free A necessary expense is one that is helpful and appropriate for your business, trade, or profession. File my 2011 taxes free An expense does not have to be indispensable to be considered necessary. File my 2011 taxes free The following are brief explanations of some expenses that are of interest to people starting a business. File my 2011 taxes free There are many other expenses that you may be able to deduct. File my 2011 taxes free See your form instructions and Publication 535, Business Expenses. File my 2011 taxes free Business Start-Up Costs Business start-up costs are the expenses you incur before you actually begin business operations. File my 2011 taxes free Your business start-up costs will depend on the type of business you are starting. File my 2011 taxes free They may include costs for advertising, travel, surveys, and training. File my 2011 taxes free These costs are generally capital expenses. File my 2011 taxes free You usually recover costs for a particular asset (such as machinery or office equipment) through depreciation (discussed next). File my 2011 taxes free You can elect to deduct up to $5,000 of business start-up costs and $5,000 of organizational costs paid or incurred after October 22, 2004. File my 2011 taxes free The $5,000 deduction is reduced by the amount your total start-up or organizational costs exceed $50,000. File my 2011 taxes free Any remaining cost must be amortized. File my 2011 taxes free For more information about amortizing start-up and organizational costs, see chapter 7 in Publication 535. File my 2011 taxes free Depreciation If property you acquire to use in your business has a useful life that extends substantially beyond the year it is placed in service, you generally cannot deduct the entire cost as a business expense in the year you acquire it. File my 2011 taxes free You must spread the cost over more than one tax year and deduct part of it each year. File my 2011 taxes free This method of deducting the cost of business property is called depreciation. File my 2011 taxes free Business property you must depreciate includes the following items. File my 2011 taxes free Office furniture. File my 2011 taxes free Buildings. File my 2011 taxes free Machinery and equipment. File my 2011 taxes free You can choose to deduct a limited amount of the cost of certain depreciable property in the year you place the property in service. File my 2011 taxes free This deduction is known as the “section 179 deduction. File my 2011 taxes free ” For more information about depreciation and the section 179 deduction, see Publication 946, How To Depreciate Property. File my 2011 taxes free Depreciation must be taken in the year it is allowable. File my 2011 taxes free Allowable depreciation not taken in a prior year cannot be taken in the current year. File my 2011 taxes free If you do not deduct the correct depreciation, you may be able to make a correction by filing Form 1040X, Amended U. File my 2011 taxes free S. File my 2011 taxes free Individual Income Tax Return, or by changing your accounting method. File my 2011 taxes free For more information on how to correct depreciation deductions, see chapter 1 in Publication 946. File my 2011 taxes free Business Use of Your Home To deduct expenses related to the business use of part of your home, you must meet specific requirements. File my 2011 taxes free Even then, your deduction may be limited. File my 2011 taxes free To qualify to claim expenses for business use of your home, you must meet both the following tests. File my 2011 taxes free Your use of the business part of your home must be: Exclusive (however, see Exceptions to exclusive use, later), Regular, For your trade or business, AND The business part of your home must be one of the following: Your principal place of business (defined later), A place where you meet or deal with patients, clients, or customers in the normal course of your trade or business, or A separate structure (not attached to your home) you use in connection with your trade or business. File my 2011 taxes free Exclusive use. File my 2011 taxes free   To qualify under the exclusive use test, you must use a specific area of your home only for your trade or business. File my 2011 taxes free The area used for business can be a room or other separately identifiable space. File my 2011 taxes free The space does not need to be marked off by a permanent partition. File my 2011 taxes free   You do not meet the requirements of the exclusive use test if you use the area in question both for business and for personal purposes. File my 2011 taxes free Exceptions to exclusive use. File my 2011 taxes free   You do not have to meet the exclusive use test if either of the following applies. File my 2011 taxes free You use part of your home for the storage of inventory or product samples. File my 2011 taxes free You use part of your home as a daycare facility. File my 2011 taxes free For an explanation of these exceptions, see Publication 587, Business Use of Your Home (Including Use by Daycare Providers). File my 2011 taxes free Principal place of business. File my 2011 taxes free   Your home office will qualify as your principal place of business for deducting expenses for its use if you meet the following requirements. File my 2011 taxes free You use it exclusively and regularly for administrative or management activities of your trade or business. File my 2011 taxes free You have no other fixed location where you conduct substantial administrative or management activities of your trade or business. File my 2011 taxes free   Alternatively, if you use your home exclusively and regularly for your business, but your home office does not qualify as your principal place of business based on the previous rules, you determine your principal place of business based on the following factors. File my 2011 taxes free The relative importance of the activities performed at each location. File my 2011 taxes free If the relative importance factor does not determine your principal place of business, the time spent at each location. File my 2011 taxes free    If, after considering your business locations, your home cannot be identified as your principal place of business, you cannot deduct home office expenses. File my 2011 taxes free However, for other ways to qualify to deduct home office expenses, see Publication 587. File my 2011 taxes free Which form do I file?   If you file Schedule C (Form 1040), use Form 8829, Expenses for Business Use of Your Home, to figure your deduction. File my 2011 taxes free If you file Schedule F (Form 1040) or you are a partner, you can use the worksheet in Publication 587. File my 2011 taxes free More information. File my 2011 taxes free   For more information about business use of your home, see Publication 587. File my 2011 taxes free Car and Truck Expenses If you use your car or truck in your business, you can deduct the costs of operating and maintaining it. File my 2011 taxes free You generally can deduct either your actual expenses or the standard mileage rate. File my 2011 taxes free Actual expenses. File my 2011 taxes free   If you deduct actual expenses, you can deduct the cost of the following items: Depreciation Lease payments Registration Garage rent Licenses Repairs Gas Oil Tires Insurance Parking fees Tolls   If you use your vehicle for both business and personal purposes, you must divide your expenses between business and personal use. File my 2011 taxes free You can divide your expenses based on the miles driven for each purpose. File my 2011 taxes free Example. File my 2011 taxes free You are the sole proprietor of a flower shop. File my 2011 taxes free You drove your van 20,000 miles during the year. File my 2011 taxes free 16,000 miles were for delivering flowers to customers and 4,000 miles were for personal use. File my 2011 taxes free You can claim only 80% (16,000 ÷ 20,000) of the cost of operating your van as a business expense. File my 2011 taxes free Standard mileage rate. File my 2011 taxes free   Instead of figuring actual expenses, you may be able to use the standard mileage rate to figure the deductible costs of operating your car, van, pickup, or panel truck for business purposes. File my 2011 taxes free You can use the standard mileage rate for a vehicle you own or lease. File my 2011 taxes free The standard mileage rate is a specified amount of money you can deduct for each business mile you drive. File my 2011 taxes free It is announced annually by the IRS. File my 2011 taxes free To figure your deduction, multiply your business miles by the standard mileage rate for the year. File my 2011 taxes free    Generally, if you use the standard mileage rate, you cannot deduct your actual expenses. File my 2011 taxes free However, you may be able to deduct business-related parking fees, tolls, interest on your car loan, and certain state and local taxes. File my 2011 taxes free Choosing the standard mileage rate. File my 2011 taxes free   If you want to use the standard mileage rate for a car you own, you must choose to use it in the first year the car is available for use in your business. File my 2011 taxes free In later years, you can choose to use either the standard mileage rate or actual expenses. File my 2011 taxes free   If you use the standard mileage rate for a car you lease, you must choose to use it for the entire lease period (including renewals). File my 2011 taxes free Additional information. File my 2011 taxes free   For more information about the rules for claiming car and truck expenses, see Publication 463, Travel, Entertainment, Gift, and Car Expenses. File my 2011 taxes free Recordkeeping This part explains why you must keep records, what kinds of records you must keep, and how to keep them. File my 2011 taxes free It also explains how long you must keep your records for federal tax purposes. File my 2011 taxes free A sample recordkeeping system is illustrated at the end of this part. File my 2011 taxes free Why Keep Records? Everyone in business must keep records. File my 2011 taxes free Good records will help you do the following. File my 2011 taxes free Monitor the progress of your business. File my 2011 taxes free   You need good records to monitor the progress of your business. File my 2011 taxes free Records can show whether your business is improving, which items are selling, or what changes you need to make. File my 2011 taxes free Good records can increase the likelihood of business success. File my 2011 taxes free Prepare your financial statements. File my 2011 taxes free   You need good records to prepare accurate financial statements. File my 2011 taxes free These include income (profit and loss) statements and balance sheets. File my 2011 taxes free These statements can help you in dealing with your bank or creditors and help you manage your business. File my 2011 taxes free An income statement shows the income and expenses of the business for a given period of time. File my 2011 taxes free A balance sheet shows the assets, liabilities, and your equity in the business on a given date. File my 2011 taxes free Identify source of receipts. File my 2011 taxes free   You will receive money or property from many sources. File my 2011 taxes free Your records can identify the source of your receipts. File my 2011 taxes free You need this information to separate business from nonbusiness receipts and taxable from nontaxable income. File my 2011 taxes free Keep track of deductible expenses. File my 2011 taxes free   You may forget expenses when you prepare your tax return unless you record them when they occur. File my 2011 taxes free Prepare your tax returns. File my 2011 taxes free   You need good records to prepare your tax returns. File my 2011 taxes free These records must support the income, expenses, and credits you report. File my 2011 taxes free Generally, these are the same records you use to monitor your business and prepare your financial statements. File my 2011 taxes free Support items reported on tax returns. File my 2011 taxes free   You must keep your business records available at all times for inspection by the IRS. File my 2011 taxes free If the IRS examines any of your tax returns, you may be asked to explain the items reported. File my 2011 taxes free A complete set of records will speed up the examination. File my 2011 taxes free Kinds of Records To Keep Except in a few cases, the law does not require any specific kind of records. File my 2011 taxes free You can choose any recordkeeping system suited to your business that clearly shows your income and expenses. File my 2011 taxes free The business you are in affects the type of records you need to keep for federal tax purposes. File my 2011 taxes free You should set up your recordkeeping system using an accounting method that clearly shows your income for your tax year. File my 2011 taxes free See Accounting Method, earlier. File my 2011 taxes free If you are in more than one business, you should keep a complete and separate set of records for each business. File my 2011 taxes free A corporation should keep minutes of board of directors' meetings. File my 2011 taxes free Your recordkeeping system should include a summary of your business transactions. File my 2011 taxes free This summary is ordinarily made in your books (for example, accounting journals and ledgers). File my 2011 taxes free Your books must show your gross income, as well as your deductions and credits. File my 2011 taxes free For most small businesses, the business checkbook (discussed later) is the main source for entries in the business books. File my 2011 taxes free In addition, you must keep supporting documents, explained later. File my 2011 taxes free Electronic records. File my 2011 taxes free   All requirements that apply to hard copy books and records also apply to electronic storage systems that maintain tax books and records. File my 2011 taxes free When you replace hard copy books and records, you must maintain the electronic storage systems for as long as they are material to the administration of tax law. File my 2011 taxes free An electronic storage system is any system for preparing or keeping your records either by electronic imaging or by transfer to an electronic storage media. File my 2011 taxes free The electronic storage system must index, store, preserve, retrieve and reproduce the electronically stored books and records in legible format. File my 2011 taxes free All electronic storage systems must provide a complete and accurate record of your data that is accessible to the IRS. File my 2011 taxes free Electronic storage systems are also subject to the same controls and retention guidelines as those imposed on your original hard copy books and records. File my 2011 taxes free   The original hard copy books and records may be destroyed provided that the electronic storage system has been tested to establish that the hard copy books and records are being reproduced in compliance with IRS requirements for an electronic storage system and procedures are established to ensure continued compliance with all applicable rules and regulations. File my 2011 taxes free You still have the responsibility of retaining any other books and records that are required to be retained. File my 2011 taxes free   The IRS may test your electronic storage system, including the equipment used, indexing methodology, software and retrieval capabilities. File my 2011 taxes free This test is not considered an examination and the results must be shared with you. File my 2011 taxes free If your electronic storage system meets the requirements mentioned earlier, you will be in compliance. File my 2011 taxes free If not, you may be subject to penalties for non-compliance, unless you continue to maintain your original hard copy books and records in a manner that allows you and the IRS to determine your correct tax. File my 2011 taxes free For details on electronic storage system requirements, see Revenue Procedure 97-22, available in Internal Revenue Bulletin 1997-13. File my 2011 taxes free Supporting Documents Purchases, sales, payroll, and other transactions you have in your business generate supporting documents. File my 2011 taxes free Supporting documents include sales slips, paid bills, invoices, receipts, deposit slips, and canceled checks. File my 2011 taxes free These documents contain information you need to record in your books. File my 2011 taxes free It is important to keep these documents because they support the entries in your books and on your tax return. File my 2011 taxes free Keep them in an orderly fashion and in a safe place. File my 2011 taxes free For instance, organize them by year and type of income or expense. File my 2011 taxes free Gross receipts. File my 2011 taxes free   Gross receipts are the income you receive from your business. File my 2011 taxes free You should keep supporting documents that show the amounts and sources of your gross receipts. File my 2011 taxes free Documents that show gross receipts include the following. File my 2011 taxes free Cash register tapes. File my 2011 taxes free Bank deposit slips. File my 2011 taxes free Receipt books. File my 2011 taxes free Invoices. File my 2011 taxes free Credit card charge slips. File my 2011 taxes free Forms 1099-MISC. File my 2011 taxes free Purchases. File my 2011 taxes free   Purchases are the items you buy and resell to customers. File my 2011 taxes free If you are a manufacturer or producer, this includes the cost of all raw materials or parts purchased for manufacture into finished products. File my 2011 taxes free Your supporting documents should show the amount paid and that the amount was for purchases. File my 2011 taxes free Documents for purchases include the following. File my 2011 taxes free Canceled checks. File my 2011 taxes free Cash register tape receipts. File my 2011 taxes free Credit card sales slips. File my 2011 taxes free Invoices. File my 2011 taxes free These records will help you determine the value of your inventory at the end of the year. File my 2011 taxes free See Publication 538 for information on methods for valuing inventory. File my 2011 taxes free Expenses. File my 2011 taxes free   Expenses are the costs you incur (other than purchases) to carry on your business. File my 2011 taxes free Your supporting documents should show the amount paid and that the amount was for a business expense. File my 2011 taxes free Documents for expenses include the following. File my 2011 taxes free Canceled checks. File my 2011 taxes free Cash register tapes. File my 2011 taxes free Account statements. File my 2011 taxes free Credit card sales slips. File my 2011 taxes free Invoices. File my 2011 taxes free Petty cash slips for small cash payments. File my 2011 taxes free    A petty cash fund allows you to make small payments without having to write checks for small amounts. File my 2011 taxes free Each time you make a payment from this fund, you should make out a petty cash slip and attach it to your receipt as proof of payment. File my 2011 taxes free Travel, transportation, entertainment, and gift expenses. File my 2011 taxes free   Specific recordkeeping rules apply to these expenses. File my 2011 taxes free For more information, see Publication 463. File my 2011 taxes free Employment taxes. File my 2011 taxes free   There are specific employment tax records you must keep. File my 2011 taxes free For a list, see Publication 15. File my 2011 taxes free Assets. File my 2011 taxes free   Assets are the property, such as machinery and furniture you own and use in your business. File my 2011 taxes free You must keep records to verify certain information about your business assets. File my 2011 taxes free You need records to figure the annual depreciation and the gain or loss when you sell the assets. File my 2011 taxes free Your records should show the following information. File my 2011 taxes free When and how you acquired the asset. File my 2011 taxes free Purchase price. File my 2011 taxes free Cost of any improvements. File my 2011 taxes free Section 179 deduction taken. File my 2011 taxes free Deductions taken for depreciation. File my 2011 taxes free Deductions taken for casualty losses, such as losses resulting from fires or storms. File my 2011 taxes free How you used the asset. File my 2011 taxes free When and how you disposed of the asset. File my 2011 taxes free Selling price. File my 2011 taxes free Expenses of sale. File my 2011 taxes free   The following documents may show this information. File my 2011 taxes free Purchase and sales invoices. File my 2011 taxes free Real estate closing statements. File my 2011 taxes free Canceled checks. File my 2011 taxes free What if I don't have a canceled check?   If you do not have a canceled check, you may be able to prove payment with certain financial account statements prepared by financial institutions. File my 2011 taxes free These include account statements prepared for the financial institution by a third party. File my 2011 taxes free These account statements must be highly legible. File my 2011 taxes free The following table lists acceptable account statements. File my 2011 taxes free  IF payment is by. File my 2011 taxes free . File my 2011 taxes free . File my 2011 taxes free THEN the statement must show the. File my 2011 taxes free . File my 2011 taxes free . File my 2011 taxes free Check Check number. File my 2011 taxes free Amount. File my 2011 taxes free Payee's name. File my 2011 taxes free Date the check amount was posted to the account by the financial institution. File my 2011 taxes free Electronic funds transfer Amount transferred. File my 2011 taxes free Payee's name. File my 2011 taxes free Date the transfer was posted to the account by the financial institution. File my 2011 taxes free Credit card Amount charged. File my 2011 taxes free Payee's name. File my 2011 taxes free Transaction date. File my 2011 taxes free    Proof of payment of an amount, by itself, does not establish you are entitled to a tax deduction. File my 2011 taxes free You should also keep other documents, such as credit card sales slips and invoices, to show that you also incurred the cost. File my 2011 taxes free Recording Business Transactions A good recordkeeping system includes a summary of your business transactions. File my 2011 taxes free (Your business transactions are shown on the supporting documents just discussed. File my 2011 taxes free ) Business transactions are ordinarily summarized in books called journals and ledgers. File my 2011 taxes free You can buy them at your local stationery or office supply store. File my 2011 taxes free A journal is a book where you record each business transaction shown on your supporting documents. File my 2011 taxes free You may have to keep separate journals for transactions that occur frequently. File my 2011 taxes free A ledger is a book that contains the totals from all of your journals. File my 2011 taxes free It is organized into different accounts. File my 2011 taxes free Whether you keep journals and ledgers and how you keep them depends on the type of business you are in. File my 2011 taxes free For example, a recordkeeping system for a small business might include the following items. File my 2011 taxes free Business checkbook. File my 2011 taxes free Daily summary of cash receipts. File my 2011 taxes free Monthly summary of cash receipts. File my 2011 taxes free Check disbursements journal. File my 2011 taxes free Depreciation worksheet. File my 2011 taxes free Employee compensation record. File my 2011 taxes free The business checkbook is explained next. File my 2011 taxes free The other items are illustrated later under Sample Record System. File my 2011 taxes free The system you use to record business transactions will be more effective if you follow good recordkeeping practices. File my 2011 taxes free For example, record expenses when they occur, and identify the source of recorded receipts. File my 2011 taxes free Generally, it is best to record transactions on a daily basis. File my 2011 taxes free Business checkbook. File my 2011 taxes free   One of the first things you should do when you start a business is open a business checking account. File my 2011 taxes free You should keep your business account separate from your personal checking account. File my 2011 taxes free   The business checkbook is your basic source of information for recording your business expenses. File my 2011 taxes free You should deposit all daily receipts in your business checking account. File my 2011 taxes free You should check your account for errors by reconciling it. File my 2011 taxes free See Reconciling the checking account, later. File my 2011 taxes free   Consider using a checkbook that allows enough space to identify the source of deposits as business income, personal funds, or loans. File my 2011 taxes free You should also note on the deposit slip the source of the deposit and keep copies of all slips. File my 2011 taxes free   You should make all payments by check to document business expenses. File my 2011 taxes free Write checks payable to yourself only when making withdrawals from your business for personal use. File my 2011 taxes free Avoid writing checks payable to cash. File my 2011 taxes free If you must write a check for cash to pay a business expense, include the receipt for the cash payment in your records. File my 2011 taxes free If you cannot get a receipt for a cash payment, you should make an adequate explanation in your records at the time of payment. File my 2011 taxes free    Use the business account for business purposes only. File my 2011 taxes free Indicate the source of deposits and the type of expense in the checkbook. File my 2011 taxes free Reconciling the checking account. File my 2011 taxes free   When you receive your bank statement, make sure the statement, your checkbook, and your books agree. File my 2011 taxes free The statement balance may not agree with the balance in your checkbook and books if the statement: Includes bank charges you did not enter in your books and subtract from your checkbook balance, or Does not include deposits made after the statement date or checks that did not clear your account before the statement date. File my 2011 taxes free   By reconciling your checking account, you will: Verify how much money you have in the account, Make sure that your checkbook and books reflect all bank charges and the correct balance in the checking account, and Correct any errors in your bank statement, checkbook, and books. File my 2011 taxes free    You should reconcile your checking account each month. File my 2011 taxes free     Before you reconcile your monthly bank statement, check your own figures. File my 2011 taxes free Begin with the balance shown in your checkbook at the end of the previous month. File my 2011 taxes free To this balance, add the total cash deposited during the month and subtract the total cash disbursements. File my 2011 taxes free   After checking your figures, the result should agree with your checkbook balance at the end of the month. File my 2011 taxes free If the result does not agree, you may have made an error in recording a check or deposit. File my 2011 taxes free You can find the error by doing the following. File my 2011 taxes free Adding the amounts on your check stubs and comparing that total with the total in the “amount of check” column in your check disbursements journal. File my 2011 taxes free If the totals do not agree, check the individual amounts to see if an error was made in your check stub record or in the related entry in your check disbursements journal. File my 2011 taxes free Adding the deposit amounts in your checkbook. File my 2011 taxes free Compare that total with the monthly total in your cash receipt book, if you have one. File my 2011 taxes free If the totals do not agree, check the individual amounts to find any errors. File my 2011 taxes free   If your checkbook and journal entries still disagree, then refigure the running balance in your checkbook to make sure additions and subtractions are correct. File my 2011 taxes free   When your checkbook balance agrees with the balance figured from the journal entries, you may begin reconciling your checkbook with the bank statement. File my 2011 taxes free Many banks print a reconciliation worksheet on the back of the statement. File my 2011 taxes free   To reconcile your account, follow these steps. File my 2011 taxes free Compare the deposits listed on the bank statement with the deposits shown in your checkbook. File my 2011 taxes free Note all differences in the dollar amounts. File my 2011 taxes free Compare each canceled check, including both check number and dollar amount, with the entry in your checkbook. File my 2011 taxes free Note all differences in the dollar amounts. File my 2011 taxes free Mark the check number in the checkbook as having cleared the bank. File my 2011 taxes free After accounting for all checks returned by the bank, those not marked in your checkbook are your outstanding checks. File my 2011 taxes free Prepare a bank reconciliation. File my 2011 taxes free One is illustrated later under Sample Record System. File my 2011 taxes free Update your checkbook and journals for items shown on the reconciliation as not recorded (such as service charges) or recorded incorrectly. File my 2011 taxes free At this point, the adjusted bank statement balance should equal your adjusted checkbook balance. File my 2011 taxes free If you still have differences, check the previous steps to find the errors. File my 2011 taxes free   Table 3. File my 2011 taxes free Period of Limitations IF you. File my 2011 taxes free . File my 2011 taxes free . File my 2011 taxes free   THEN the period is. File my 2011 taxes free . File my 2011 taxes free . File my 2011 taxes free 1. File my 2011 taxes free Owe additional tax and situations (2), (3), and (4), below, do not apply to you   3 years 2. File my 2011 taxes free Do not report income that you should report and it is more than 25% of the gross income shown on the return   6 years 3. File my 2011 taxes free File a fraudulent return   Not limited 4. File my 2011 taxes free Do not file a return   Not limited 5. File my 2011 taxes free File a claim for credit or refund after you filed your return   Later of: 3 years or  2 years after tax   was paid 6. File my 2011 taxes free File a claim for a loss from worthless securities or a bad debt deduction   7 years Bookkeeping System You must decide whether to use a single-entry or a double-entry bookkeeping system. File my 2011 taxes free The single-entry system of bookkeeping is the simplest to maintain, but it may not be suitable for everyone. File my 2011 taxes free You may find the double-entry system better because it has built-in checks and balances to assure accuracy and control. File my 2011 taxes free Single-entry. File my 2011 taxes free   A single-entry system is based on the income statement (profit or loss statement). File my 2011 taxes free It can be a simple and practical system if you are starting a small business. File my 2011 taxes free The system records the flow of income and expenses through the use of: A daily summary of cash receipts, and Monthly summaries of cash receipts and disbursements. File my 2011 taxes free Double-entry. File my 2011 taxes free   A double-entry bookkeeping system uses journals and ledgers. File my 2011 taxes free Transactions are first entered in a journal and then posted to ledger accounts. File my 2011 taxes free These accounts show income, expenses, assets (property a business owns), liabilities (debts of a business), and net worth (excess of assets over liabilities). File my 2011 taxes free You close income and expense accounts at the end of each tax year. File my 2011 taxes free You keep asset, liability, and net worth accounts open on a permanent basis. File my 2011 taxes free   In the double-entry system, each account has a left side for debits and a right side for credits. File my 2011 taxes free It is self-balancing because you record every transaction as a debit entry in one account and as a credit entry in another. File my 2011 taxes free   Under this system, the total debits must equal the total credits after you post the journal entries to the ledger accounts. File my 2011 taxes free If the amounts do not balance, you have made an error and you must find and correct it. File my 2011 taxes free   An example of a journal entry exhibiting a payment of rent in October is shown next. File my 2011 taxes free General Journal Date Description of Entry Debit  Credit Oct. File my 2011 taxes free 5 Rent expense 780. File my 2011 taxes free 00     Cash   780. File my 2011 taxes free 00                 Computerized System There are computer software packages you can use for recordkeeping. File my 2011 taxes free They can be purchased in many retail stores. File my 2011 taxes free These packages are very helpful and relatively easy to use; they require very little knowledge of bookkeeping and accounting. File my 2011 taxes free If you use a computerized system, you must be able to produce sufficient legible records to support and verify entries made on your return and determine your correct tax liability. File my 2011 taxes free To meet this qualification, the machine-sensible records must reconcile with your books and return. File my 2011 taxes free These records must provide enough detail to identify the underlying source documents. File my 2011 taxes free You must also keep all machine-sensible records and a complete description of the computerized portion of your recordkeeping system. File my 2011 taxes free This documentation must be sufficiently detailed to show all of the following items. File my 2011 taxes free Functions being performed as the data flows through the system. File my 2011 taxes free Controls used to ensure accurate and reliable processing. File my 2011 taxes free Controls used to prevent the unauthorized addition, alteration, or deletion of retained records. File my 2011 taxes free Charts of accounts and detailed account descriptions. File my 2011 taxes free See Revenue Procedure 98-25 in Cumulative Bulletin 1998-1 for more information. File my 2011 taxes free How Long To Keep Records You must keep your records as long as they may be needed for the administration of any provision of the Internal Revenue Code. File my 2011 taxes free Generally, this means you must keep records that support an item of income or deduction on a return until the period of limitations for that return runs out. File my 2011 taxes free The period of limitations is the period of time in which you can amend your return to claim a credit or refund, or the IRS can assess additional tax. File my 2011 taxes free Table 3 contains the periods of limitations that apply to income tax returns. File my 2011 taxes free Unless otherwise stated, the years refer to the period after the return was filed. File my 2011 taxes free Returns filed before the due date are treated as filed on the due date. File my 2011 taxes free Keep copies of your filed tax returns. File my 2011 taxes free They help in preparing future tax returns and making computations if you file an amended return. File my 2011 taxes free Employment taxes. File my 2011 taxes free   If you have employees, you must keep all employment tax records for at least 4 years after the date the tax becomes due or is paid, whichever is later. File my 2011 taxes free For more information about recordkeeping for employment taxes, see Publication 15. File my 2011 taxes free Assets. File my 2011 taxes free   Keep records relating to property until the period of limitations expires for the year in which you dispose of the property in a taxable disposition. File my 2011 taxes free You must keep these records to figure any depreciation, amortization, or depletion deduction, and to figure your basis for computing gain or loss when you sell or otherwise dispose of the property. File my 2011 taxes free   Generally, if you received property in a nontaxable exchange, your basis in that property is the same as the basis of the property you gave up, increased by any money you paid. File my 2011 taxes free You must keep the records on the old property, as well as on the new property, until the period of limitations expires for the year in which you dispose of the new property in a taxable disposition. File my 2011 taxes free Records for nontax purposes. File my 2011 taxes free   When your records are no longer needed for tax purposes, do not discard them until you check to see if you have to keep them longer for other purposes. File my 2011 taxes free For example, your insurance company or creditors may require you to keep them longer than the IRS does. File my 2011 taxes free Sample Record System This example illustrates a single-entry system used by Henry Brown, who is the sole proprietor of a small automobile body shop. File my 2011 taxes free Henry uses part-time help, has no inventory of items held for sale, and uses the cash method of accounting. File my 2011 taxes free These sample records should not be viewed as a recommendation of how to keep your records. File my 2011 taxes free They are intended only to show how one business keeps its records. File my 2011 taxes free 1. File my 2011 taxes free Daily Summary of Cash Receipts This summary is a record of cash sales for the day. File my 2011 taxes free It accounts for cash at the end of the day over the amount in the Change and Petty Cash Fund at the beginning of the day. File my 2011 taxes free Henry takes the cash sales entry from his cash register tape. File my 2011 taxes free If he had no cash register, he would simply total his cash sale slips and any other cash received that day. File my 2011 taxes free He carries the total receipts shown in this summary for January 3 ($267. File my 2011 taxes free 80), including cash sales ($263. File my 2011 taxes free 60) and sales tax ($4. File my 2011 taxes free 20), to the Monthly Summary of Cash Receipts. File my 2011 taxes free Petty cash fund. File my 2011 taxes free   Henry uses a petty cash fund to make small payments without having to write checks for small amounts. File my 2011 taxes free Each time he makes a payment from this fund, he makes out a petty cash slip and attaches it to his receipt as proof of payment. File my 2011 taxes free He sets up a fixed amount ($50) in his petty cash fund. File my 2011 taxes free The total of the unspent petty cash and the amounts on the petty cash slips should equal the fixed amount of the fund. File my 2011 taxes free When the totals on the petty cash slips approach the fixed amount, he brings the cash in the fund back to the fixed amount by writing a check to “Petty Cash” for the total of the outstanding slips. File my 2011 taxes free (See the Check Disbursements Journal entry for check number 92. File my 2011 taxes free ) This restores the fund to its fixed amount of $50. File my 2011 taxes free He then summarizes the slips and enters them in the proper columns in the monthly check disbursements journal. File my 2011 taxes free 2. File my 2011 taxes free Monthly Summary of Cash Receipts This shows the income activity for the month. File my 2011 taxes free Henry carries the total monthly net sales shown in this summary for January ($4,865. File my 2011 taxes free 05) to his Annual Summary. File my 2011 taxes free To figure total monthly net sales, Henry reduces the total monthly receipts by the sales tax imposed on his customers and turned over to the state. File my 2011 taxes free He cannot take a deduction for sales tax turned over to the state because he only collected the tax. File my 2011 taxes free He does not include the tax in his income. File my 2011 taxes free 3. File my 2011 taxes free Check Disbursements Journal Henry enters checks drawn on the business checking account in the Check Disbursements Journal each day. File my 2011 taxes free All checks are prenumbered and each check number is listed and accounted for in the column provided in the journal. File my 2011 taxes free Frequent expenses have their own headings across the sheet. File my 2011 taxes free He enters in a separate column expenses that require comparatively numerous or large payments each month, such as materials, gross payroll, and rent. File my 2011 taxes free Under the General Accounts column, he enters small expenses that normally have only one or two monthly payments, such as licenses and postage. File my 2011 taxes free Henry does not pay personal or nonbusiness expenses by checks drawn on the business account. File my 2011 taxes free If he did, he would record them in the journal, even though he could not deduct them as business expenses. File my 2011 taxes free Henry carries the January total of expenses for materials ($1,083. File my 2011 taxes free 50) to the Annual Summary. File my 2011 taxes free Similarly, he enters the monthly total of expenses for telephone, truck/auto, etc. File my 2011 taxes free , in the appropriate columns of that summary. File my 2011 taxes free 4. File my 2011 taxes free Employee Compensation Record This record shows the following information. File my 2011 taxes free The number of hours Henry's employee worked in a pay period. File my 2011 taxes free The employee's total pay for the period. File my 2011 taxes free The deductions Henry withheld in figuring the employee's net pay. File my 2011 taxes free The monthly gross payroll. File my 2011 taxes free Henry carries the January gross payroll ($520) to the Annual Summary. File my 2011 taxes free 5. File my 2011 taxes free Annual Summary This annual summary of monthly cash receipts and expense totals provides the final amounts to enter on Henry's tax return. File my 2011 taxes free He figures the cash receipts total from the total of monthly cash receipts shown in the Monthly Summary of Cash Receipts. File my 2011 taxes free He figures the expense totals from the totals of monthly expense items shown in the Check Disbursements Journal. File my 2011 taxes free As in the journal, he keeps each major expense in a separate column. File my 2011 taxes free Henry carries the cash receipts total shown in the annual summary ($47,440. File my 2011 taxes free 9
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File my 2011 taxes free Publication 926 - Main Content Table of Contents Do You Have a Household Employee? Can Your Employee Legally Work in the United States? Do You Need To Pay Employment Taxes?Social Security and Medicare Taxes Federal Unemployment (FUTA) Tax Do You Need To Withhold Federal Income Tax? What Do You Need To Know About the Earned Income Credit? How Do You Make Tax Payments? What Forms Must You File?Employee who leaves during the year. File my 2011 taxes free Filing options when no return is required. File my 2011 taxes free What Records Must You Keep? Can You Claim a Credit for Child and Dependent Care Expenses? How Can You Correct Schedule H?Adjust the overpayment. File my 2011 taxes free Claim for refund process. File my 2011 taxes free How To Get Tax HelpLow Income Taxpayer Clinics Do You Have a Household Employee? You have a household employee if you hired someone to do household work and that worker is your employee. File my 2011 taxes free The worker is your employee if you can control not only what work is done, but how it is done. File my 2011 taxes free If the worker is your employee, it does not matter whether the work is full time or part time or that you hired the worker through an agency or from a list provided by an agency or association. File my 2011 taxes free It also does not matter whether you pay the worker on an hourly, daily, or weekly basis, or by the job. File my 2011 taxes free Example. File my 2011 taxes free You pay Betty Shore to babysit your child and do light housework 4 days a week in your home. File my 2011 taxes free Betty follows your specific instructions about household and child care duties. File my 2011 taxes free You provide the household equipment and supplies that Betty needs to do her work. File my 2011 taxes free Betty is your household employee. File my 2011 taxes free Household work. File my 2011 taxes free   Household work is work done in or around your home. File my 2011 taxes free Some examples of workers who do household work are: Babysitters, Caretakers, House cleaning workers, Domestic workers, Drivers, Health aides, Housekeepers, Maids, Nannies, Private nurses, and Yard workers. File my 2011 taxes free Workers who are not your employees. File my 2011 taxes free   If only the worker can control how the work is done, the worker is not your employee but is self-employed. File my 2011 taxes free A self-employed worker usually provides his or her own tools and offers services to the general public in an independent business. File my 2011 taxes free   A worker who performs child care services for you in his or her home generally is not your employee. File my 2011 taxes free   If an agency provides the worker and controls what work is done and how it is done, the worker is not your employee. File my 2011 taxes free Example. File my 2011 taxes free You made an agreement with John Peters to care for your lawn. File my 2011 taxes free John runs a lawn care business and offers his services to the general public. File my 2011 taxes free He provides his own tools and supplies, and he hires and pays any helpers he needs. File my 2011 taxes free Neither John nor his helpers are your household employees. File my 2011 taxes free More information. File my 2011 taxes free   More information about who is an employee is in Publication 15-A, Employer's Supplemental Tax Guide. File my 2011 taxes free Can Your Employee Legally Work in the United States? It is unlawful for you knowingly to hire or continue to employ an alien who cannot legally work in the United States. File my 2011 taxes free When you hire a household employee to work for you on a regular basis, you and the employee must complete the U. File my 2011 taxes free S. File my 2011 taxes free Citizenship and Immigration Services (USCIS) Form I-9, Employment Eligibility Verification. File my 2011 taxes free No later than the first day of work, the employee must complete the employee section of the form by providing certain required information and attesting to his or her current work eligibility status in the United States. File my 2011 taxes free You must complete the employer section by examining documents presented by the employee as evidence of his or her identity and employment eligibility. File my 2011 taxes free Acceptable documents to establish identity and employment eligibility are listed on Form I-9. File my 2011 taxes free You should keep the completed Form I-9 in your own records. File my 2011 taxes free Do not submit it to the IRS, the USCIS, or any other government or other entity. File my 2011 taxes free The form must be kept available for review upon notice by an authorized U. File my 2011 taxes free S. File my 2011 taxes free Government official. File my 2011 taxes free Two copies of Form I-9 are contained in the Handbook for Employers (Form M-274) published by the USCIS. File my 2011 taxes free Call the USCIS at 1-800-870-3676 to order the Handbook for Employers; or you may download the handbook at www. File my 2011 taxes free uscis. File my 2011 taxes free gov. File my 2011 taxes free If you have questions about the employment eligibility verification process or other immigration-related employment matters, contact the USCIS Office of Business Liaison at 1-800-357-2099. File my 2011 taxes free You also can visit the USCIS website at www. File my 2011 taxes free uscis. File my 2011 taxes free gov to get Form I-9. File my 2011 taxes free For more information, see Employee's Social Security Number (SSN) in Publication 15 (Circular E), Employer's Tax Guide. File my 2011 taxes free Do You Need To Pay Employment Taxes? If you have a household employee, you may need to withhold and pay social security and Medicare taxes, pay federal unemployment tax, or both. File my 2011 taxes free To find out, read Table 1. File my 2011 taxes free You do not need to withhold federal income tax from your household employee's wages. File my 2011 taxes free But if your employee asks you to withhold it, you can. File my 2011 taxes free See Do You Need To Withhold Federal Income Tax, later. File my 2011 taxes free If you need to pay social security, Medicare, or federal unemployment tax or choose to withhold federal income tax, read Table 2 for an overview of what you may need to do. File my 2011 taxes free If you do not need to pay social security, Medicare, or federal unemployment tax and do not choose to withhold federal income tax, read State employment taxes, next. File my 2011 taxes free The rest of this publication does not apply to you. File my 2011 taxes free State employment taxes. File my 2011 taxes free   You should contact your state unemployment tax agency to find out whether you need to pay state unemployment tax for your household employee. File my 2011 taxes free For a list of state unemployment tax agencies, visit the U. File my 2011 taxes free S. File my 2011 taxes free Department of Labor's website at www. File my 2011 taxes free workforcesecurity. File my 2011 taxes free doleta. File my 2011 taxes free gov/unemploy/agencies. File my 2011 taxes free asp. File my 2011 taxes free You should also determine if you need to pay or collect other state employment taxes or carry workers' compensation insurance. File my 2011 taxes free    Table 1. File my 2011 taxes free Do You Need To Pay Employment Taxes? IF you . File my 2011 taxes free . File my 2011 taxes free . File my 2011 taxes free THEN you need to . File my 2011 taxes free . File my 2011 taxes free . File my 2011 taxes free A– Pay cash wages of $1,900 or more in 2014 to any one household employee. File my 2011 taxes free Withhold and pay social security and Medicare taxes. File my 2011 taxes free The taxes are 15. File my 2011 taxes free 3%1 of cash wages. File my 2011 taxes free Your employee's share is 7. File my 2011 taxes free 65%1. File my 2011 taxes free   (You can choose to pay it yourself and not withhold it. File my 2011 taxes free ) Your share is 7. File my 2011 taxes free 65%. File my 2011 taxes free   Do not count wages you pay to— Your spouse, Your child under the age of 21, Your parent (see Wages not counted, later, for an exception), or Any employee under the age of 18 at any time in 2014 (see Wages not counted, later, for an exception). File my 2011 taxes free B– Pay total cash wages of $1,000 or more in any calendar quarter of 2013 or 2014 to household employees. File my 2011 taxes free Pay federal unemployment tax. File my 2011 taxes free The tax is 6% of cash wages. File my 2011 taxes free Wages over $7,000 a year per employee are not taxed. File my 2011 taxes free You also may owe state unemployment tax. File my 2011 taxes free   Do not count wages you pay to— Your spouse, Your child under the age of 21, or Your parent. File my 2011 taxes free 1In addition to withholding Medicare tax at 1. File my 2011 taxes free 45%, you must withhold a 0. File my 2011 taxes free 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. File my 2011 taxes free 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. File my 2011 taxes free Additional Medicare Tax is only imposed on the employee. File my 2011 taxes free There is no employer share of Additional Medicare Tax. File my 2011 taxes free 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. File my 2011 taxes free Note. File my 2011 taxes free If neither A nor B above applies, you do not need to pay any federal employment taxes. File my 2011 taxes free But you may still need to pay state employment taxes. File my 2011 taxes free Table 2. File my 2011 taxes free Household Employer's Checklist You may need to do the following things when you have a household employee. File my 2011 taxes free   When you hire a household employee: □ Find out if the person can legally work in the United States. File my 2011 taxes free  □ Find out if you need to pay state taxes. File my 2011 taxes free When you pay your household employee: □ Withhold social security and Medicare taxes. File my 2011 taxes free  □ Withhold federal income tax. File my 2011 taxes free  □ Decide how you will make tax payments. File my 2011 taxes free  □ Keep records. File my 2011 taxes free By February 2, 2015: □ Get an employer identification number (EIN). File my 2011 taxes free  □ Give your employee Copies B, C, and 2 of Form W-2, Wage and Tax Statement. File my 2011 taxes free By March 2, 2015 (March 31, 2015, if you file Form W-2 electronically): □ Send Copy A of Form W-2 to the Social Security Administration (SSA). File my 2011 taxes free By April 15, 2015: □ File Schedule H (Form 1040), Household Employment Taxes, with your 2014 federal income tax return (Form 1040, 1040NR, 1040-SS, or Form 1041). File my 2011 taxes free  If you do not have to file a return, file Schedule H by itself. File my 2011 taxes free Social Security and Medicare Taxes The social security tax pays for old-age, survivors, and disability benefits for workers and their families. File my 2011 taxes free The Medicare tax pays for hospital insurance. File my 2011 taxes free Both you and your household employee may owe social security and Medicare taxes. File my 2011 taxes free Your share is 7. File my 2011 taxes free 65% (6. File my 2011 taxes free 2% for social security tax and 1. File my 2011 taxes free 45% for Medicare tax) of the employee's social security and Medicare wages. File my 2011 taxes free Your employee's share is also 7. File my 2011 taxes free 65% (6. File my 2011 taxes free 2% for social security tax and 1. File my 2011 taxes free 45% for Medicare tax). File my 2011 taxes free In addition to withholding Medicare tax at 1. File my 2011 taxes free 45%, you must withhold a 0. File my 2011 taxes free 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. File my 2011 taxes free 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. File my 2011 taxes free Additional Medicare Tax is only imposed on the employee. File my 2011 taxes free There is no employer share of Additional Medicare Tax. File my 2011 taxes free 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. File my 2011 taxes free For more information on Additional Medicare Tax, visit IRS. File my 2011 taxes free gov and enter “Additional Medicare Tax” in the search box. File my 2011 taxes free Generally, you can use Table 3 to figure the amount of social security and Medicare taxes to withhold from each wage payment. File my 2011 taxes free You are responsible for payment of your employee's share of the taxes as well as your own. File my 2011 taxes free You can either withhold your employee's share from the employee's wages or pay it from your own funds. File my 2011 taxes free If you decide to pay the employee's share from your own funds, see Not withholding the employee's share, later. File my 2011 taxes free Pay the taxes as discussed under How Do You Make Tax Payments, later. File my 2011 taxes free Also, see What Forms Must You File, later. File my 2011 taxes free Social security and Medicare wages. File my 2011 taxes free   You figure social security and Medicare taxes on the social security and Medicare wages you pay your employee. File my 2011 taxes free   If you pay your household employee cash wages of $1,900 or more in 2014, all cash wages you pay to that employee in 2014 (regardless of when the wages were earned) up to $117,000 are social security wages and all cash wages are Medicare wages. File my 2011 taxes free However, any noncash wages you pay do not count as social security and Medicare wages. File my 2011 taxes free   If you pay the employee less than $1,900 in cash wages in 2014, none of the wages you pay the employee are social security or Medicare wages and neither you nor your employee will owe social security or Medicare tax on those wages. File my 2011 taxes free Cash wages. File my 2011 taxes free   Cash wages include wages you pay by check, money order, etc. File my 2011 taxes free Cash wages do not include the value of food, lodging, clothing, and other noncash items you give your household employee. File my 2011 taxes free However, cash you give your employee in place of these items is included in cash wages. File my 2011 taxes free State disability payments treated as wages. File my 2011 taxes free   Certain state disability plan payments that your household employee may receive are treated as social security and Medicare wages. File my 2011 taxes free For more information about these payments, see the Instructions for Schedule H (Form 1040) and the notice issued by the state. File my 2011 taxes free Wages not counted. File my 2011 taxes free   Do not count wages you pay to any of the following individuals as social security or Medicare wages, even if these wages are $1,900 or more during the year. File my 2011 taxes free Your spouse. File my 2011 taxes free Your child who is under the age of 21. File my 2011 taxes free Your parent. File my 2011 taxes free Exception: Count these wages if both the following conditions apply. File my 2011 taxes free Your parent cares for your child who is either of the following. File my 2011 taxes free Under the age of 18, or Has a physical or mental condition that requires the personal care of an adult for at least 4 continuous weeks in the calendar quarter services were performed. File my 2011 taxes free Your marital status is one of the following. File my 2011 taxes free You are divorced and have not remarried, You are a widow or widower, or You are living with a spouse whose physical or mental condition prevents him or her from caring for your child for at least 4 continuous weeks in the calendar quarter services were performed. File my 2011 taxes free An employee who is under the age of 18 at any time during the year. File my 2011 taxes free Exception: Count these wages if providing household services is the employee's principal occupation. File my 2011 taxes free If the employee is a student, providing household services is not considered to be his or her principal occupation. File my 2011 taxes free Also, if your employee's cash wages reach $117,000 (maximum wages subject to social security tax) in 2014, do not count any wages you pay that employee during the rest of the year as social security wages to figure social security tax. File my 2011 taxes free Continue to count the employee's cash wages as Medicare wages to figure Medicare tax. File my 2011 taxes free If you provide your employee transit passes to commute to your home, do not count the value of the transit passes (up to $130 per month for 2014) as wages. File my 2011 taxes free A transit pass includes any pass, token, fare card, voucher, or similar item entitling a person to ride on mass transit, such as a bus or train. File my 2011 taxes free If you provide your employee parking at or near your home or at or near a location from which your employee commutes to your home, do not count the value of parking (up to $250 per month for 2014) as wages. File my 2011 taxes free If you reimburse your employee for transit passes or parking, you may be able to exclude the reimbursement amounts. File my 2011 taxes free See Publication 15-B, Employer's Tax Guide to Fringe Benefits, for special requirements for this exclusion. File my 2011 taxes free Withholding the employee's share. File my 2011 taxes free   You should withhold the employee's share of social security and Medicare taxes if you expect to pay your household employee cash wages of $1,900 or more in 2014. File my 2011 taxes free However, if you prefer to pay the employee's share yourself, see Not withholding the employee's share, later. File my 2011 taxes free   You can withhold the employee's share of the taxes even if you are not sure your employee's cash wages will be $1,900 or more in 2014. File my 2011 taxes free If you withhold the taxes but then actually pay the employee less than $1,900 in cash wages for the year, you should repay the employee. File my 2011 taxes free   Withhold 7. File my 2011 taxes free 65% (6. File my 2011 taxes free 2% for social security tax and 1. File my 2011 taxes free 45% for Medicare tax) from each payment of social security and Medicare wages. File my 2011 taxes free Generally, you can use Table 3 to figure the proper amount to withhold. File my 2011 taxes free You will pay the amount withheld to the IRS with your share of the taxes. File my 2011 taxes free Do not withhold any social security tax after your employee's social security wages for the year reach $117,000. File my 2011 taxes free Table 3. File my 2011 taxes free Employee Social Security (6. File my 2011 taxes free 2%) and Medicare (1. File my 2011 taxes free 45%1) Tax Withholding Table (See Publication 15 (Circular E) for income tax withholding tables. File my 2011 taxes free ) Use this table to figure the amount of social security and Medicare taxes to withhold from each wage payment. File my 2011 taxes free For example, on a wage payment of $180, the employee social security tax is $11. File my 2011 taxes free 16 ($6. File my 2011 taxes free 20 tax on $100 plus $4. File my 2011 taxes free 96 on $80 wages). File my 2011 taxes free The employee Medicare tax is $2. File my 2011 taxes free 61 ($1. File my 2011 taxes free 45 tax on $100 plus $1. File my 2011 taxes free 16 on $80 wages). File my 2011 taxes free If wage payment is: The social security tax to be withheld is: The Medicare tax to be withheld is: If wage payment is: The social security tax to be withheld is: The Medicare tax to be withheld is: $ 1. File my 2011 taxes free 00 . File my 2011 taxes free $ . 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File my 2011 taxes free 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. File my 2011 taxes free Additional Medicare Tax is only imposed on the employee. File my 2011 taxes free There is no employer share of Additional Medicare Tax. File my 2011 taxes free 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. File my 2011 taxes free   If you make an error by withholding too little, you should withhold additional taxes from a later payment. File my 2011 taxes free If you withhold too much, you should repay the employee. File my 2011 taxes free    In addition to withholding Medicare tax at 1. File my 2011 taxes free 45%, you must withhold a 0. File my 2011 taxes free 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. File my 2011 taxes free 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. File my 2011 taxes free Additional Medicare Tax is only imposed on the employee. File my 2011 taxes free There is no employer share of Additional Medicare Tax. File my 2011 taxes free 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. File my 2011 taxes free For more information on Additional Medicare Tax, visit IRS. File my 2011 taxes free gov and enter “Additional Medicare Tax” in the search box. File my 2011 taxes free Example. File my 2011 taxes free On February 13, 2014, Mary Brown hired Jane R. File my 2011 taxes free Oak (who is an unrelated individual over age 18) to care for her child and agreed to pay cash wages of $50 every Friday. File my 2011 taxes free Jane worked for the remainder of the year (a total of 46 weeks). File my 2011 taxes free Mary did not give Jane a Form W-4 to request federal or state tax withholding. File my 2011 taxes free The following is the information Mary will need to complete Schedule H, Form W-2, and Form W-3. File my 2011 taxes free See the completed examples of Form W-2 and Form W-3 for 2014 at the end of this publication. File my 2011 taxes free Total cash wages paid to Jane $2,300. File my 2011 taxes free 00 ($50 x 46 weeks)       Jane's share of:     Social security tax $142. File my 2011 taxes free 60 ($2,300 x 6. File my 2011 taxes free 2% (. File my 2011 taxes free 062))         Medicare tax $33. File my 2011 taxes free 35       ($2,300 x 1. File my 2011 taxes free 45% (. File my 2011 taxes free 0145)) Mary's share of:     Social security tax $142. File my 2011 taxes free 60  ($2,300 x 6. File my 2011 taxes free 2% (. File my 2011 taxes free 062))           Medicare tax $33. File my 2011 taxes free 35  ($2,300 x 1. File my 2011 taxes free 45% (. File my 2011 taxes free 0145)) Amount reported on Form W-2 and Form W-3:   Box 1:Wages, tips $2,300. File my 2011 taxes free 00   Box 4: Social security tax withheld 142. File my 2011 taxes free 60   Box 6: Medicare tax withheld 33. File my 2011 taxes free 35 For information on withholding and reporting federal income taxes, see Publication 15 (Circular E). File my 2011 taxes free Not withholding the employee's share. File my 2011 taxes free   If you prefer to pay your employee's social security and Medicare taxes from your own funds, do not withhold them from your employee's wages. File my 2011 taxes free The social security and Medicare taxes you pay to cover your employee's share must be included in the employee's wages for income tax purposes. File my 2011 taxes free However, they are not counted as social security and Medicare wages or as federal unemployment (FUTA) wages. File my 2011 taxes free Example. File my 2011 taxes free In 2014 you hire a household employee (who is an unrelated individual over age 18) to care for your child and agree to pay cash wages of $100 every Friday. File my 2011 taxes free You expect to pay your employee $1,900 or more for the year. File my 2011 taxes free You decide to pay your employee's share of social security and Medicare taxes from your own funds. File my 2011 taxes free You pay your employee $100 every Friday without withholding any social security or Medicare taxes. File my 2011 taxes free For social security and Medicare tax purposes, your employee's wages each payday are $100. File my 2011 taxes free For each wage payment, you will pay $15. File my 2011 taxes free 30 when you pay the taxes. File my 2011 taxes free This is $7. File my 2011 taxes free 65 ($6. File my 2011 taxes free 20 for social security tax + $1. File my 2011 taxes free 45 for Medicare tax) to cover your employee's share plus $7. File my 2011 taxes free 65 ($6. File my 2011 taxes free 20 for social security tax + $1. File my 2011 taxes free 45 for Medicare tax) for your share. File my 2011 taxes free For income tax purposes, your employee's wages each payday are $107. File my 2011 taxes free 65 ($100 + the $7. File my 2011 taxes free 65 you will pay to cover your employee's share of social security and Medicare taxes). File my 2011 taxes free Federal Unemployment (FUTA) Tax The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. File my 2011 taxes free Like most employers, you may owe both the federal unemployment tax (the FUTA tax) and a state unemployment tax. File my 2011 taxes free Or, you may owe only the FUTA tax or only the state unemployment tax. File my 2011 taxes free To find out whether you will owe state unemployment tax, contact your state's unemployment tax agency. File my 2011 taxes free For a list of state unemployment tax agencies, visit the U. File my 2011 taxes free S. File my 2011 taxes free Department of Labor's website at www. File my 2011 taxes free workforcesecurity. File my 2011 taxes free doleta. File my 2011 taxes free gov/unemploy/agencies. File my 2011 taxes free asp. File my 2011 taxes free You should also find out if you need to pay or collect other state employment taxes or carry workers' compensation insurance. File my 2011 taxes free The FUTA tax is 6. File my 2011 taxes free 0% of your employee's FUTA wages. File my 2011 taxes free However, you may be able to take a credit of up to 5. File my 2011 taxes free 4% against the FUTA tax, resulting in a net tax rate of 0. File my 2011 taxes free 6%. File my 2011 taxes free Your credit for 2014 is limited unless you pay all the required contributions for 2014 to your state unemployment fund by April 15, 2015. File my 2011 taxes free The credit you can take for any contributions for 2014 that you pay after April 15, 2015, is limited to 90% of the credit that would have been allowable if the contributions were paid by April 15, 2015. File my 2011 taxes free (If you did not pay all the required contributions for 2013 by April 15, 2014, see Credit for 2013, later. File my 2011 taxes free ) Note. File my 2011 taxes free   If a due date falls on a Saturday, Sunday, or legal holiday, payments are considered timely if made by the next business day. File my 2011 taxes free The term “legal holiday” means any legal holiday in the District of Columbia. File my 2011 taxes free Pay the tax as discussed under How Do You Make Tax Payments, later. File my 2011 taxes free Also, see What Forms Must You File, later. File my 2011 taxes free Note. File my 2011 taxes free   The 5. File my 2011 taxes free 4% credit is reduced for wages paid in a credit reduction state. File my 2011 taxes free See the Instructions for Schedule H (Form 1040). File my 2011 taxes free Do not withhold the FUTA tax from your employee's wages. File my 2011 taxes free You must pay it from your own funds. File my 2011 taxes free FUTA wages. File my 2011 taxes free   Figure the FUTA tax on the FUTA wages you pay. File my 2011 taxes free If you pay cash wages to all of your household employees totaling $1,000 or more in any calendar quarter of 2013 or 2014, the first $7,000 of cash wages you pay to each household employee in 2014 is FUTA wages. File my 2011 taxes free (A calendar quarter is January through March, April through June, July through September, or October through December. File my 2011 taxes free ) If your employee's cash wages reach $7,000 during the year, do not figure the FUTA tax on any wages you pay that employee during the rest of the year. File my 2011 taxes free For an explanation of cash wages, see the discussion on Social security and Medicare wages under Social Security and Medicare Taxes, earlier. File my 2011 taxes free Wages not counted. File my 2011 taxes free   Do not count wages you pay to any of the following individuals as FUTA wages. File my 2011 taxes free Your spouse. File my 2011 taxes free Your child who is under the age of 21. File my 2011 taxes free Your parent. File my 2011 taxes free Credit for 2013. File my 2011 taxes free   The credit you can take for any state unemployment fund contributions for 2013 that you pay after April 15, 2014, is limited to 90% of the credit that would have been allowable if the contributions were paid on or before April 15, 2014. File my 2011 taxes free Use Worksheet A to figure the credit for late contributions if you paid any state contributions after the due date for filing  Form 1040. File my 2011 taxes free Worksheet A. File my 2011 taxes free Worksheet for Credit for Late Contributions 1. File my 2011 taxes free Enter the amount from Schedule H, line 22   2. File my 2011 taxes free Enter the amount from Schedule H, line 19   3. File my 2011 taxes free Subtract line 2 from line 1. File my 2011 taxes free If zero or less, enter -0-   4. File my 2011 taxes free Enter total contributions paid to the state(s) after the Form 1040 due date   5. File my 2011 taxes free Enter the smaller of line 3 or line 4   6. File my 2011 taxes free Multiply line 5 by . File my 2011 taxes free 90 (90%)   7. File my 2011 taxes free Add lines 2 and 6   8. File my 2011 taxes free Enter the smaller of the amount on line 1 or line 7 here and on Schedule H, line 23   Do You Need To Withhold Federal Income Tax? You are not required to withhold federal income tax from wages you pay a household employee. File my 2011 taxes free You should withhold federal income tax only if your household employee asks you to withhold it and you agree. File my 2011 taxes free The employee must give you a completed Form W-4, Employee's Withholding Allowance Certificate. File my 2011 taxes free If you and your employee have agreed to withholding, either of you may end the agreement by letting the other know in writing. File my 2011 taxes free If you agree to withhold federal income tax, you are responsible for paying it to the IRS. File my 2011 taxes free Pay the tax as discussed under How Do You Make Tax Payments, later. File my 2011 taxes free Also, see What Forms Must You File, later. File my 2011 taxes free Use the income tax withholding tables in Publication 15 (Circular E) to find out how much to withhold. File my 2011 taxes free Figure federal income tax withholding on wages before you deduct any amounts for other withheld taxes. File my 2011 taxes free Withhold federal income tax from each payment of wages based on the filing status and exemptions shown on your employee's Form W-4. File my 2011 taxes free Publication 15 (Circular E) contains detailed instructions. File my 2011 taxes free Wages. File my 2011 taxes free   Figure federal income tax withholding on both cash and noncash wages you pay. File my 2011 taxes free Measure wages you pay in any form other than cash by the fair market value of the noncash item. File my 2011 taxes free   Do not count as wages any of the following items. File my 2011 taxes free Meals provided to your employee at your home for your convenience. File my 2011 taxes free Lodging provided to your employee at your home for your convenience and as a condition of employment. File my 2011 taxes free Up to $130 per month for 2014 for transit passes you give your employee (or for any cash reimbursement you make for the amount your employee pays for transit passes used to commute to your home if you qualify for this exclusion). File my 2011 taxes free A transit pass includes any pass, token, fare card, voucher, or similar item entitling a person to ride on mass transit, such as a bus or train. File my 2011 taxes free See Publication 15-B for special requirements for this exclusion. File my 2011 taxes free Up to $250 per month for 2014 for the value of parking you provide your employee or for any cash reimbursement you make for the amount your employee pays and substantiates for parking at or near your home or at or near a location from which your employee commutes to your home. File my 2011 taxes free   See Publication 15 (Circular E) for more information on cash and noncash wages. File my 2011 taxes free Paying tax without withholding. File my 2011 taxes free   Any income tax you pay for your employee without withholding it from the employee's wages must be included in the employee's wages for federal income tax purposes. File my 2011 taxes free It also must be included in social security and Medicare wages and in federal unemployment (FUTA) wages. File my 2011 taxes free What Do You Need To Know About the Earned Income Credit? Certain workers can take the earned income credit (EIC) on their federal income tax return. File my 2011 taxes free This credit reduces their tax or allows them to receive a payment from the IRS. File my 2011 taxes free You also may have to give your employee a notice about the EIC. File my 2011 taxes free Notice about the EIC. File my 2011 taxes free   Copy B of the 2014 Form W-2 has a statement about the EIC on the back. File my 2011 taxes free If you give your employee that copy by February 2, 2015 (as discussed under Form W-2 under What Forms Must You File, later), you do not have to give the employee any other notice about the EIC. File my 2011 taxes free   If you do not give your employee Copy B of the Form W-2, your notice about the EIC can be any of the following items. File my 2011 taxes free A substitute Form W-2 with the same EIC information on the back of the employee's copy that is on Copy B of the Form W-2. File my 2011 taxes free Notice 797, Possible Federal Tax Refund Due to the Earned Income Credit (EIC). File my 2011 taxes free Your own written statement with the same wording as in Notice 797. File my 2011 taxes free If a substitute Form W-2 is given on time but does not have the required EIC information, you must notify the employee within one week of the date the substitute Form W-2 is given. File my 2011 taxes free If Form W-2 is required but is not given on time, you must give the employee Notice 797 or your written statement about the 2014 EIC by February 2, 2015. File my 2011 taxes free If Form W-2 is not required, you must notify the employee by February 7, 2015. File my 2011 taxes free   You must give your household employee a notice about the EIC if you agree to withhold federal income tax from the employee's wages (as discussed earlier under Do You Need To Withhold Federal Income Tax?) and the income tax withholding tables show that no tax should be withheld. File my 2011 taxes free Even if not required, you are encouraged to give the employee a notice about the EIC if his or her 2014 wages are less than $46,997 ($52,427 if married filing jointly). File my 2011 taxes free How Do You Make Tax Payments? When you file your 2014 federal income tax return in 2015, attach Schedule H (Form 1040) to your Form 1040, 1040NR, 1040-SS, or 1041. File my 2011 taxes free Use Schedule H to figure your total household employment taxes (social security, Medicare, FUTA, and withheld federal income taxes). File my 2011 taxes free Add these household employment taxes to your income tax. File my 2011 taxes free Pay the amount due by April 15, 2015. File my 2011 taxes free For more information about using Schedule H, see Schedule H under What Forms Must You File, later. File my 2011 taxes free You can avoid owing tax with your return if you pay enough tax during the year to cover your household employment taxes, as well as your income tax. File my 2011 taxes free You can pay the additional tax in any of the following ways. File my 2011 taxes free Ask your employer to withhold more federal income tax from your wages in 2014. File my 2011 taxes free Ask the payer of your pension or annuity to withhold more federal income tax from your benefits. File my 2011 taxes free Make estimated tax payments for 2014 to the IRS. File my 2011 taxes free Increase your payments if you already make estimated tax payments. File my 2011 taxes free You may be subject to the estimated tax underpayment penalty if you did not pay enough income and household employment taxes during the year. File my 2011 taxes free (See Publication 505, Tax Withholding and Estimated Tax, for information about the underpayment penalty. File my 2011 taxes free ) However, you will not be subject to the penalty if both of the following situations apply to you. File my 2011 taxes free You will not have federal income tax withheld from wages, pensions, or any other payments you receive. File my 2011 taxes free Your income taxes, excluding your household employment taxes, would not be enough to require payment of estimated taxes. File my 2011 taxes free Asking for more federal income tax withholding. File my 2011 taxes free   If you are employed and want more federal income tax withheld from your wages to cover your household employment taxes, give your employer a new Form W-4. File my 2011 taxes free Complete it as before, but show the additional amount you want withheld from each paycheck on line 6. File my 2011 taxes free   If you receive a pension or annuity and want more federal income tax withheld to cover household employment taxes, give the payer a new Form W-4P, Withholding Certificate for Pension or Annuity Payments (or a similar form provided by the payer). File my 2011 taxes free Complete it as before, but show the additional amount you want withheld from each benefit payment on line 3. File my 2011 taxes free   See Publication 505 to make sure you will have the right amount withheld. File my 2011 taxes free It will help you compare your total expected withholding for 2014 with the combined income tax and employment taxes that you can expect to figure on your 2014 tax return. File my 2011 taxes free Paying estimated tax. File my 2011 taxes free   If you want to make estimated tax payments to cover household employment taxes, get Form 1040-ES, Estimated Tax for Individuals. File my 2011 taxes free You can use its payment vouchers to make your payments by check or money order. File my 2011 taxes free You may be able to pay by Electronic Funds Withdrawal (EFW) or credit card. File my 2011 taxes free For details, see the form instructions and visit IRS. File my 2011 taxes free gov. File my 2011 taxes free    You can pay all the employment taxes at once or you can pay them in installments. File my 2011 taxes free If you have already made estimated tax payments for 2014, you can increase your remaining payments to cover the employment taxes. File my 2011 taxes free Estimated tax payments for 2014 are due April 15, June 16, and September 15, 2014, and January 15, 2015. File my 2011 taxes free Payment option for business employers. File my 2011 taxes free   If you own a business as a sole proprietor or your home is on a farm operated for profit, you can choose either of two ways to pay your 2014 household employment taxes. File my 2011 taxes free You can pay them with your federal income tax as previously described, or you can include them with your federal employment tax deposits or other payments for your business or farm employees. File my 2011 taxes free For information on depositing employment taxes, see Publication 15 (Circular E). File my 2011 taxes free   If you pay your household employment taxes with your business or farm employment taxes, you must report your household employment taxes with those other employment taxes on Form 941, Employer's QUARTERLY Federal Tax Return, Form 944, Employer's ANNUAL Federal Tax Return, or Form 943, Employer's Annual Federal Tax Return for Agricultural Employees, and on Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return. File my 2011 taxes free See Business employment tax returns, later. File my 2011 taxes free    The deduction that can be taken on Schedules C and F (Form 1040) for wages and employment taxes applies only to wages and taxes paid for business and farm employees. File my 2011 taxes free You cannot deduct the wages and employment taxes paid for your household employees on your Schedule C or F. File my 2011 taxes free More information. File my 2011 taxes free   For more information about paying taxes through federal income tax withholding and estimated tax payments, and figuring the estimated tax penalty, see Publication 505. File my 2011 taxes free What Forms Must You File? You must file certain forms to report your household employee's wages and the federal employment taxes for the employee if you pay any of the following wages to the employee. File my 2011 taxes free Social security and Medicare wages. File my 2011 taxes free FUTA wages. File my 2011 taxes free Wages from which you withhold federal income tax. File my 2011 taxes free For information on ordering employment tax forms, see How To Get Tax Help, later. File my 2011 taxes free Employer identification number (EIN). File my 2011 taxes free   You must include your employer identification number (EIN) on the forms you file for your household employee. File my 2011 taxes free An EIN is a nine-digit number issued by the IRS. File my 2011 taxes free It is not the same as a social security number. File my 2011 taxes free    You ordinarily will have an EIN if you previously paid taxes for employees, either as a household employer or as a sole proprietor of a business you own. File my 2011 taxes free If you already have an EIN, use that number. File my 2011 taxes free   If you do not have an EIN, you may apply for one online. File my 2011 taxes free Go to IRS. File my 2011 taxes free gov and click on the Apply for an EIN Online link under Tools. File my 2011 taxes free You may also apply for an EIN by calling 1-800-829-4933, or you can fax or mail Form SS-4, Application for Employer Identification Number, to the IRS. File my 2011 taxes free Form W-2. File my 2011 taxes free   File a separate 2014 Form W-2, for each household employee to whom you pay either of the following wages during the year. File my 2011 taxes free Social security and Medicare wages of $1,900 or more. File my 2011 taxes free Wages from which you withhold federal income tax. File my 2011 taxes free You must complete Form W-2 and give Copies B, C, and 2 to your employee by February 2, 2015. File my 2011 taxes free You must send Copy A of Form W-2 with Form W-3, Transmittal of Wage and Tax Statements, to the SSA by March 2, 2015 (March 31, 2015, if you file your Form W-2 electronically). File my 2011 taxes free Electronic filing is available to all employers and is free, fast, secure, and offers a later filing deadline. File my 2011 taxes free Visit the SSA's Employer W-2 Filing Instructions & Information website at www. File my 2011 taxes free socialsecurity. File my 2011 taxes free gov/employer for guidelines on filing electronically. File my 2011 taxes free Employee who leaves during the year. File my 2011 taxes free   If an employee stops working for you before the end of 2014, you can file Form W-2 and provide copies to your employee immediately after you make your final payment of wages. File my 2011 taxes free You do not need to wait until 2015. File my 2011 taxes free If the employee asks you for Form W-2, give it to him or her within 30 days after the request or the last wage payment, whichever is later. File my 2011 taxes free Schedule H. File my 2011 taxes free   Use Schedule H to report household employment taxes if you pay any of the following wages to the employee. File my 2011 taxes free Social security and Medicare wages of $1,900 or more. File my 2011 taxes free FUTA wages. File my 2011 taxes free Wages from which you withhold federal income tax. File my 2011 taxes free File Schedule H with your 2014 federal income tax return by April 15, 2015. File my 2011 taxes free If you get an extension to file your return, the extension also will apply to your Schedule H. File my 2011 taxes free Filing options when no return is required. File my 2011 taxes free   If you are not required to file a 2014 tax return, you have the following two options. File my 2011 taxes free You can file Schedule H by itself. File my 2011 taxes free See the Schedule H instructions for details. File my 2011 taxes free If, besides your household employee, you have other employees for whom you report employment taxes on Form 941, Form 944, or Form 943 and on Form 940, you can include your taxes for your household employee on those forms. File my 2011 taxes free See Business employment tax returns, next. File my 2011 taxes free   Employers having the options listed above include certain tax-exempt organizations that do not have to file a tax return, such as churches that pay a household worker to take care of a minister's home. File my 2011 taxes free Business employment tax returns. File my 2011 taxes free   Do not use Schedule H if you choose to pay the employment taxes for your household employee with business or farm employment taxes. File my 2011 taxes free (See Payment option for business employers, earlier. File my 2011 taxes free ) Instead, include the social security, Medicare, and withheld federal income taxes for the employee on the Form 941 or Form 944 you file for your business or on the Form 943 you file for your farm. File my 2011 taxes free Include the FUTA tax for the employee on your Form 940. File my 2011 taxes free   If you report the employment taxes for your household employee on Form 941, Form 944, or Form 943, file Form W-2 for that employee with the Forms W-2 and Form W-3 for your business or farm employees. File my 2011 taxes free   For information on filing Form 941 or Form 944, see Publication 15 (Circular E). File my 2011 taxes free For information on filing Form 943, see Publication 51 (Circular A), Agricultural Employer's Tax Guide. File my 2011 taxes free Both of these publications also provide information about filing Form 940. File my 2011 taxes free What Records Must You Keep? Keep your copies of Schedule H or other employment tax forms you file and related Forms W-2, W-3, and W-4. File my 2011 taxes free You must also keep records to support the information you enter on the forms you file. File my 2011 taxes free If you must file Form W-2, you will need to keep a record of your employee's name, address, and social security number. File my 2011 taxes free Wage and tax records. File my 2011 taxes free   On each payday, you should record the date and amounts of all the following items. File my 2011 taxes free Your employee's cash and noncash wages. File my 2011 taxes free Any employee social security tax you withhold or agree to pay for your employee. File my 2011 taxes free Any employee Medicare tax you withhold or agree to pay for your employee. File my 2011 taxes free Any federal income tax you withhold. File my 2011 taxes free Any state employment taxes you withhold. File my 2011 taxes free Employee's social security number. File my 2011 taxes free   You must keep a record of your employee's name and social security number exactly as they appear on his or her social security card if you pay the employee either of the following. File my 2011 taxes free Social security and Medicare wages of $1,900 or more. File my 2011 taxes free Wages from which you withhold federal income tax. File my 2011 taxes free You must ask for your employee's social security number no later than the first day on which you pay the wages. File my 2011 taxes free You may wish to ask for it when you hire your employee. File my 2011 taxes free You should ask your employee to show you his or her social security card. File my 2011 taxes free The employee may show the card if it is available. File my 2011 taxes free You may, but are not required to, photocopy the card if the employee provides it. File my 2011 taxes free   An employee who does not have a social security number must apply for one on Form SS-5, Application for a Social Security Card. File my 2011 taxes free An employee who has lost his or her social security card or whose name is not correctly shown on the card may apply for a replacement card. File my 2011 taxes free    Employees can get Form SS-5 from any Social Security Administration office or by calling 1-800-772-1213. File my 2011 taxes free    You also can download Form SS-5 from the Social Security Administration website at  www. File my 2011 taxes free socialsecurity. File my 2011 taxes free gov/online/ss-5. File my 2011 taxes free pdf. File my 2011 taxes free How long to keep records. File my 2011 taxes free   Keep your employment tax records for at least 4 years after the due date of the return on which you report the taxes or the date the taxes were paid, whichever is later. File my 2011 taxes free Can You Claim a Credit for Child and Dependent Care Expenses? If your household employee cares for your dependent who is under age 13 or for your spouse or dependent who is not capable of self-care, you may be able to take an income tax credit against some of your expenses. File my 2011 taxes free To qualify, you must pay these expenses so you can work or look for work. File my 2011 taxes free If you can take the credit, you can include in your qualifying expenses your share of the federal and state employment taxes you pay, as well as the employee's wages. File my 2011 taxes free For information about the credit, see Publication 503, Child and Dependent Care Expenses. File my 2011 taxes free How Can You Correct Schedule H? If you discover that you made an error on a Schedule H (or Anexo H-PR), the forms used to correct the error depend on whether the Schedule H was attached to another form or whether it was filed by itself. File my 2011 taxes free Schedule H attached to another form. File my 2011 taxes free    If you discover an error on a Schedule H that you previously filed with Form 1040, Form 1040NR, or Form 1040-SS, file Form 1040X, Amended U. File my 2011 taxes free S. File my 2011 taxes free Individual Income Tax Return, and attach a corrected Schedule H. File my 2011 taxes free If you filed Formulario 1040-PR, file a Form 1040X and attach a corrected Anexo H-PR. File my 2011 taxes free If you discover an error on a Schedule H that you previously filed with Form 1041, U. File my 2011 taxes free S. File my 2011 taxes free Income Tax Return for Estates and Trusts, file an “amended” Form 1041 and attach a corrected Schedule H. File my 2011 taxes free You discovered (that is, ascertained) the error when you had enough information to be able to correct the error. File my 2011 taxes free Write “CORRECTED” (or “CORREGIDO”) and the date you discovered the error in the top margin of your corrected Schedule H (or Anexo H-PR), in dark, bold letters. File my 2011 taxes free In addition, explain the reason for your correction and the date the error was discovered in Part III of Form 1040X or in a statement attached to the amended Form 1041. File my 2011 taxes free Schedule H filed by itself. File my 2011 taxes free   If you discover an error on a Schedule H (or Anexo H-PR) that you filed as a stand-alone return, file another stand-alone Schedule H with the corrected information. File my 2011 taxes free You discovered (that is, ascertained) the error when you had enough information to be able to correct the error. File my 2011 taxes free Write “CORRECTED” (or “CORREGIDO”) and the date you discovered the error in the top margin of your corrected Schedule H (or Anexo H-PR), in dark, bold letters. File my 2011 taxes free In addition, explain the reason for your correction and the date the error was discovered in a statement attached to the corrected Schedule H. File my 2011 taxes free If you have an overpayment, also write “ADJUSTED” (or “CORREGIDO”) or “REFUND” (or “REEMBOLSO”) in the top margin, depending on whether you want to adjust your overpayment or claim a refund. File my 2011 taxes free (See Overpayment of tax, later. File my 2011 taxes free ) When to file. File my 2011 taxes free   File a corrected Schedule H when you discover an error on a previously filed Schedule H. File my 2011 taxes free If you are correcting an underpayment, file a corrected Schedule H no later than the due date of your next tax return (generally, April 15 of the following calendar year) after you discover the error. File my 2011 taxes free If you are correcting an overpayment, file a corrected Schedule H within the refund period of limitations (generally 3 years from the date your original form was filed or within 2 years from the date you paid the tax, whichever is later). File my 2011 taxes free Underpayment of tax. File my 2011 taxes free   You must pay any underpayment of social security and Medicare taxes by the time you file the corrected Schedule H. File my 2011 taxes free Generally, by filing on time and paying by the time you file the return, you will not be charged interest (and will not be subject to failure-to-pay or estimated tax penalties) on the balance due. File my 2011 taxes free However, underreported FUTA taxes will be subject to interest. File my 2011 taxes free Overpayment of tax. File my 2011 taxes free    You may either adjust or claim a refund of an overpayment of social security and Medicare taxes on a previously filed Schedule H. File my 2011 taxes free However, if you are correcting an overpayment and are filing the corrected Schedule H within 90 days of the expiration of the period of limitations, you can only claim a refund of the overpayment. File my 2011 taxes free Adjust the overpayment. File my 2011 taxes free   If the corrected Schedule H is filed with a Form 1040X or an amended Form 1041, adjust your return by indicating on line 22 of the Form 1040X or on line 29a of the Form 1041 that you would like the overpayment applied to your estimated taxes on Form 1040, Form 1040NR, Form 1040-PR, Form 1040-SS, or Form 1041 for the year in which you are filing the corrected Schedule H. File my 2011 taxes free If the corrected Schedule H is filed as a stand-alone return, adjust your return by writing “ADJUSTED” (or “CORREGIDO”) in the top margin (in dark, bold letters). File my 2011 taxes free If you adjust your return, you will not receive interest on your overpayment. File my 2011 taxes free If the corrected Schedule H will be filed within 90 days of the expiration of the refund period of limitations, you may not adjust the return and must claim a refund for the overpayment. File my 2011 taxes free You may not adjust your return to correct overpayments of FUTA tax. File my 2011 taxes free Claim for refund process. File my 2011 taxes free   If the corrected Schedule H is filed with a Form 1040X or an amended Form 1041, claim a refund by indicating that you would like the overpayment refunded to you on line 21 of the Form 1040X or line 29b of the Form 1041. File my 2011 taxes free If the corrected Schedule H is filed as a stand-alone return, claim a refund by writing “REFUND” (or “REEMBOLSO”) in the top margin (in dark, bold letters). File my 2011 taxes free You will receive interest on any overpayment refunded, unless the overpayment is for FUTA tax because you were entitled to increased credits for state contributions. File my 2011 taxes free Required repayment or consent. File my 2011 taxes free   If you previously overreported social security and Medicare taxes, you may adjust your overpayment only after you have repaid or reimbursed your employees in the amount of the overcollection of employee tax. File my 2011 taxes free You reimburse your employees by applying the overwithheld amount against taxes to be withheld on future wages. File my 2011 taxes free You may claim a refund for the overpayment only after you have repaid or reimbursed your employees in the amount of the overcollection or you have obtained consents from your employees to file the claim for refund for the employee tax. File my 2011 taxes free Include a statement that you repaid or reimbursed your employees, or obtained their written consents in the case of a claim for refund, in Part III of Form 1040X or in a statement attached to the amended Form 1041 or the stand-alone corrected Schedule H. File my 2011 taxes free Filing required Forms W-2 or Forms W-2c. File my 2011 taxes free   Whether you previously underreported tax or overreported tax, you will generally be required to file Form W-2, or their territorial equivalents (if none was previously filed), or Form W-2c, Corrected Wage and Tax Statement, to reflect the changes reported on your corrected Schedule H. File my 2011 taxes free Additional Medicare Tax. File my 2011 taxes free   Generally, you may not correct an error in Additional Medicare Tax withholding for wages paid to employees in a prior year unless it is an administrative error. File my 2011 taxes free An administrative error occurs if the amount you entered on Schedule H is not the amount you actually withheld. File my 2011 taxes free For example, if the Additional Medicare Tax actually withheld was incorrectly reported on Schedule H due to a mathematical or transposition error, this would be an administrative error. File my 2011 taxes free   Any underwithheld Additional Medicare Tax must be recovered from employees on or before the last day of the calendar year in which the underwithholding occurred. File my 2011 taxes free Any excess Additional Medicare Tax withholding must be repaid or reimbursed to employees before the end of the calendar year in which it was withheld. File my 2011 taxes free Additional information. File my 2011 taxes free   For more information about correcting errors on a previously filed Schedule H, see page 4 of Form 944-X, Form 944-X: Which process should you use? (substitute “Schedule H” for “Form 944-X”) and the Instructions for Form 944-X (or Formulario 944-X (PR)). File my 2011 taxes free Also, visit IRS. File my 2011 taxes free gov. File my 2011 taxes free How To Get Tax Help Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. File my 2011 taxes free Free help with your tax return. File my 2011 taxes free   You can get free help preparing your return nationwide from IRS-certified volunteers. File my 2011 taxes free The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. File my 2011 taxes free The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. File my 2011 taxes free Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. File my 2011 taxes free In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. File my 2011 taxes free To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. File my 2011 taxes free gov, download the IRS2Go app, or call 1-800-906-9887. File my 2011 taxes free   As part of the TCE program, AARP offers the Tax-Aide counseling program. File my 2011 taxes free To find the nearest AARP Tax-Aide site, visit AARP's website at www. File my 2011 taxes free aarp. File my 2011 taxes free org/money/taxaide or call 1-888-227-7669. File my 2011 taxes free For more information on these programs, go to IRS. File my 2011 taxes free gov and enter “VITA” in the search box. File my 2011 taxes free Internet. File my 2011 taxes free    IRS. File my 2011 taxes free gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. File my 2011 taxes free Download the free IRS2Go app from the iTunes app store or from Google Play. File my 2011 taxes free Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. File my 2011 taxes free Check the status of your 2013 refund with the Where's My Refund? application on IRS. File my 2011 taxes free gov or download the IRS2Go app and select the Refund Status option. File my 2011 taxes free The IRS issues more than 9 out of 10 refunds in less than 21 days. File my 2011 taxes free Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. File my 2011 taxes free You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. File my 2011 taxes free The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. File my 2011 taxes free Use the Interactive Tax Assistant (ITA) to research your tax questions. File my 2011 taxes free No need to wait on the phone or stand in line. File my 2011 taxes free The ITA is available 24 hours a day, 7 days a week, and provides you with a variety of tax information related to general filing topics, deductions, credits, and income. File my 2011 taxes free When you reach the response screen, you can print the entire interview and the final response for your records. File my 2011 taxes free New subject areas are added on a regular basis. File my 2011 taxes free  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. File my 2011 taxes free gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. File my 2011 taxes free You can use the IRS Tax Map, to search publications and instructions by topic or keyword. File my 2011 taxes free The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. File my 2011 taxes free When the user searches the IRS Tax Map, they will be provided with links to related content in existing IRS publications, forms and instructions, questions and answers, and Tax Topics. File my 2011 taxes free Coming this filing season, you can immediately view and print for free all 5 types of individual federal tax transcripts (tax returns, tax account, record of account, wage and income statement, and certification of non-filing) using Get Transcript. File my 2011 taxes free You can also ask the IRS to mail a return or an account transcript to you. File my 2011 taxes free Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. File my 2011 taxes free gov or by calling 1-800-908-9946. File my 2011 taxes free Tax return and tax account transcripts are generally available for the current year and the past three years. File my 2011 taxes free Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. File my 2011 taxes free Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. File my 2011 taxes free If you received the First Time Homebuyer Credit, you can use the First Time Homebuyer Credit Account Look-up tool for information on your repayments and account balance. File my 2011 taxes free Check the status of your amended return using Where's My Amended Return? Go to IRS. File my 2011 taxes free gov and enter Where's My Amended Return? in the search box. File my 2011 taxes free You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. File my 2011 taxes free It can take up to 3 weeks from the date you mailed it to show up in our system. File my 2011 taxes free Make a payment using one of several safe and convenient electronic payment options available on IRS. File my 2011 taxes free gov. File my 2011 taxes free Select the Payment tab on the front page of IRS. File my 2011 taxes free gov for more information. File my 2011 taxes free Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. File my 2011 taxes free Figure your income tax withholding with the IRS Withholding Calculator on IRS. File my 2011 taxes free gov. File my 2011 taxes free Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. File my 2011 taxes free Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. File my 2011 taxes free gov. File my 2011 taxes free Request an Electronic Filing PIN by going to IRS. File my 2011 taxes free gov and entering Electronic Filing PIN in the search box. File my 2011 taxes free Download forms, instructions and publications, including accessible versions for people with disabilities. File my 2011 taxes free Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. File my 2011 taxes free gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. File my 2011 taxes free An employee can answer questions about your tax account or help you set up a payment plan. File my 2011 taxes free Before you visit, check the Office Locator on IRS. File my 2011 taxes free gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. File my 2011 taxes free If you have a special need, such as a disability, you can request an appointment. File my 2011 taxes free Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. File my 2011 taxes free Apply for an Employer Identification Number (EIN). File my 2011 taxes free Go to IRS. File my 2011 taxes free gov and enter Apply for an EIN in the search box. File my 2011 taxes free Read the Internal Revenue Code, regulations, or other official guidance. File my 2011 taxes free Read Internal Revenue Bulletins. File my 2011 taxes free Sign up to receive local and national tax news and more by email. File my 2011 taxes free Just click on “subscriptions” above the search box on IRS. File my 2011 taxes free gov and choose from a variety of options. File my 2011 taxes free Phone. File my 2011 taxes free    You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. File my 2011 taxes free Download the free IRS2Go app from the iTunes app store or from Google Play. File my 2011 taxes free Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. File my 2011 taxes free gov, or download the IRS2Go app. File my 2011 taxes free Low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. File my 2011 taxes free The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. File my 2011 taxes free Most VITA and TCE sites offer free electronic filing. File my 2011 taxes free Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. File my 2011 taxes free Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. File my 2011 taxes free Call the automated Where's My Refund? information hotline to check the status of your 2013 refund 24 hours a day, 7 days a week at 1-800-829-1954. File my 2011 taxes free If you e-file, you can start checking on the status of your return within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. File my 2011 taxes free The IRS issues more than 9 out of 10 refunds in less than 21 days. File my 2011 taxes free Where's My Refund? will give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. File my 2011 taxes free Before you call this automated hotline, have your 2013 tax return handy so you can enter your social security number, your filing status, and the exact whole dollar amount of your refund. File my 2011 taxes free The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. File my 2011 taxes free Note, the above information is for our automated hotline. File my 2011 taxes free Our live phone and walk-in assistors can research the status of your refund only if it's been 21 days or more since you filed electronically or more than 6 weeks since you mailed your paper return. File my 2011 taxes free Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. File my 2011 taxes free You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. File my 2011 taxes free It can take up to 3 weeks from the date you mailed it to show up in our system. File my 2011 taxes free Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, publications, and prior-year forms and instructions (limited to 5 years). File my 2011 taxes free You should receive your order within 10 business days. File my 2011 taxes free Call TeleTax, 1-800-829-4477, to listen to pre-recorded messages covering general and business tax information. File my 2011 taxes free If, between January and April 15, you still have questions about the Form 1040, 1040A, or 1040EZ (like filing requirements, dependents, credits, Schedule D, pensions and IRAs or self-employment taxes), call 1-800-829-1040. File my 2011 taxes free Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. File my 2011 taxes free The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. File my 2011 taxes free These individuals can also contact the IRS through relay services such as the Federal Relay Service. File my 2011 taxes free Walk-in. File my 2011 taxes free   You can find a selection of forms, publications and services — in-person. File my 2011 taxes free Products. File my 2011 taxes free You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. File my 2011 taxes free Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. File my 2011 taxes free Services. File my 2011 taxes free You can walk in to your local TAC for face-to-face tax help. File my 2011 taxes free An employee can answer questions about your tax account or help you set up a payment plan. File my 2011 taxes free Before visiting, use the Office Locator tool on IRS. File my 2011 taxes free gov, or choose the Contact Us option on the IRS2Go app and search Local Offices for days and hours of operation, and services provided. File my 2011 taxes free Mail. File my 2011 taxes free   You can send your order for forms, instructions, and publications to the address below. File my 2011 taxes free You should receive a response within 10 business days after your request is received. File my 2011 taxes free Internal Revenue Service 1201 N. File my 2011 taxes free Mitsubishi Motorway Bloomington, IL 61705-6613    The Taxpayer Advocate Service Is Here to Help You. File my 2011 taxes free The Taxpayer Advocate Service (TAS) is your voice at the IRS. File my 2011 taxes free Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. File my 2011 taxes free   What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. File my 2011 taxes free We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. File my 2011 taxes free You face (or your business is facing) an immediate threat of adverse action. File my 2011 taxes free You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. File my 2011 taxes free   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. File my 2011 taxes free Here's why we can help: TAS is an independent organization within the IRS. File my 2011 taxes free Our advocates know how to work with the IRS. File my 2011 taxes free Our services are free and tailored to meet your needs. File my 2011 taxes free We have offices in every state, the District of Columbia, and Puerto Rico. File my 2011 taxes free   How can you reach us? If you think TAS can help you, call your local advocate, whose number is in your local directory and at Taxpayer Advocate, or call us toll-free at 1-877-777-4778. File my 2011 taxes free   How else does TAS help taxpayers?  TAS also works to resolve large-scale, systemic problems that affect many taxpayers. File my 2011 taxes free If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System. File my 2011 taxes free Low Income Taxpayer Clinics Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals and tax collection disputes. File my 2011 taxes free Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. File my 2011 taxes free Visit Taxpayer Advocate or see IRS Publication 4134, Low Income Taxpayer Clinic List. File my 2011 taxes free Sample W-2 Form This image is too large to be displayed in the current screen. File my 2011 taxes free Please click the link to view the image. File my 2011 taxes free Webtitle: Form W-2 Wage and Tax Statement and Form W-3 Transmitttal of Wage and Tax Statemtents Prev  Up  Next   Home   More Online Publications