Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

Form 1040ez 2011 Instructions

Free Irs Tax Forms 2012Efile 2011File Free State And Federal TaxesTurbotax 1040x Form1040ezForm 1040ez 2013File 2011 Taxes LateAmended TaxesOhio State Tax Forms 2011Can I E File 1040xH And R Block File OnlineCan I Still E File 2011 TaxesFree State Tax Filing Turbotax CodeIrs Form 1040esFile State Income TaxesFile Taxes Online FreeH&r Block Ez FormTurbotax State Efile CouponCan I E File A 2012 Tax ReturnH&r Block State TaxesFree Tax Preparation For Low Income2011 Tax Forms 1040Illinois 1040ezFree Online Amended Tax ReturnIrs Gov FormsIrs Ez FormsHrblock Free FileEfile Taxes1040ez Free FilingHow Do I File An Amendment To My TaxesFree H&r Block EfileFederal Income Tax 1040ez OnlineH&r Block Federal FreeIrs 1040x Form2012 Free Taxes Online2011 TaxFree E File Federal And State Tax ReturnFree Efile1040ez Instructions 2012Free Military Tax Filing

Form 1040ez 2011 Instructions

Form 1040ez 2011 instructions Publication 957 - Introductory Material Table of Contents Future Developments Introduction Future Developments For the latest information about developments related to Publication 957, such as legislation enacted after it was published, go to www. Form 1040ez 2011 instructions irs. Form 1040ez 2011 instructions gov/pub957. Form 1040ez 2011 instructions Introduction The Social Security Administration (SSA) has special rules for back pay awarded by a court or government agency to enforce a worker protection statute (law). Form 1040ez 2011 instructions The SSA also has rules for reporting special wage payments made to employees after they retire. Form 1040ez 2011 instructions These rules enable the SSA to correctly compute an employee's benefits under the social security earnings test. Form 1040ez 2011 instructions These rules are for social security coverage and benefit purposes only. Form 1040ez 2011 instructions This publication, written primarily for employers, discusses back pay under a statute and special wage payments. Form 1040ez 2011 instructions It also explains how to report these payments to the SSA. Form 1040ez 2011 instructions For more information, visit SSA's website at www. Form 1040ez 2011 instructions socialsecurity. Form 1040ez 2011 instructions gov/employer. Form 1040ez 2011 instructions To get a copy of Form SSA-131, Employer Report of Special Wage Payments, visit SSA's website at www. Form 1040ez 2011 instructions socialsecurity. Form 1040ez 2011 instructions gov/online/ssa-131. Form 1040ez 2011 instructions html. Form 1040ez 2011 instructions Prev  Up  Next   Home   More Online Publications
Español

Pension Benefit Guaranty Corporation (PBGC)

Funded by the insurance premiums it collects and other investments, the Pension Benefit Guaranty Corporation insures and guarantees private sector workers' pensions. The contact information below is primarily for workers or retirees. If you are a plan sponsor or administrator, use the contact link below to find the appropriate information.

Contact the Agency or Department

Website: Pension Benefit Guaranty Corporation (PBGC)

E-mail:

Address: PBGC
P.O. Box 151750

Alexandria, VA 22315-1750

Phone Number: (202) 326-4000(202) 326-4242 (Plan Sponsors, Administrators or Practitioners)

Toll-free: (800) 400-7242(800) 736-2444 (Plan Sponsors, Administrators or Practitioners)

TTY: (800) 877-8339 (Relay Service)

Related Agencies

The Form 1040ez 2011 Instructions

Form 1040ez 2011 instructions 3. Form 1040ez 2011 instructions   Savings Incentive Match Plans for Employees (SIMPLE) Table of Contents Introduction What Is a SIMPLE Plan?Eligible Employees How Are Contributions Made? How Much Can Be Contributed on Your Behalf?Matching contributions less than 3%. Form 1040ez 2011 instructions Traditional IRA mistakenly moved to SIMPLE IRA. Form 1040ez 2011 instructions When Can You Withdraw or Use Assets?Are Distributions Taxable? Introduction This chapter is for employees who need information about savings incentive match plans for employees (SIMPLE plans). Form 1040ez 2011 instructions It explains what a SIMPLE plan is, contributions to a SIMPLE plan, and distributions from a SIMPLE plan. Form 1040ez 2011 instructions Under a SIMPLE plan, SIMPLE retirement accounts for participating employees can be set up either as: Part of a 401(k) plan, or A plan using IRAs (SIMPLE IRA). Form 1040ez 2011 instructions This chapter only discusses the SIMPLE plan rules that relate to SIMPLE IRAs. Form 1040ez 2011 instructions See chapter 3 of Publication 560 for information on any special rules for SIMPLE plans that do not use IRAs. Form 1040ez 2011 instructions If your employer maintains a SIMPLE plan, you must be notified, in writing, that you can choose the financial institution that will serve as trustee for your SIMPLE IRA and that you can roll over or transfer your SIMPLE IRA to another financial institution. Form 1040ez 2011 instructions See Rollovers and Transfers Exception, later under When Can You Withdraw or Use Assets. Form 1040ez 2011 instructions What Is a SIMPLE Plan? A SIMPLE plan is a tax-favored retirement plan that certain small employers (including self-employed individuals) can set up for the benefit of their employees. Form 1040ez 2011 instructions See chapter 3 of Publication 560 for information on the requirements employers must satisfy to set up a SIMPLE plan. Form 1040ez 2011 instructions A SIMPLE plan is a written agreement (salary reduction agreement) between you and your employer that allows you, if you are an eligible employee (including a self-employed individual), to choose to: Reduce your compensation (salary) by a certain percentage each pay period, and Have your employer contribute the salary reductions to a SIMPLE IRA on your behalf. Form 1040ez 2011 instructions These contributions are called salary reduction contributions. Form 1040ez 2011 instructions All contributions under a SIMPLE IRA plan must be made to SIMPLE IRAs, not to any other type of IRA. Form 1040ez 2011 instructions The SIMPLE IRA can be an individual retirement account or an individual retirement annuity, described in chapter 1. Form 1040ez 2011 instructions Contributions are made on behalf of eligible employees. Form 1040ez 2011 instructions (See Eligible Employees below. Form 1040ez 2011 instructions ) Contributions are also subject to various limits. Form 1040ez 2011 instructions (See How Much Can Be Contributed on Your Behalf , later. Form 1040ez 2011 instructions ) In addition to salary reduction contributions, your employer must make either matching contributions or nonelective contributions. Form 1040ez 2011 instructions See How Are Contributions Made , later. Form 1040ez 2011 instructions You may be able to claim a credit for contributions to your SIMPLE plan. Form 1040ez 2011 instructions For more information, see chapter 4. Form 1040ez 2011 instructions Eligible Employees You must be allowed to participate in your employer's SIMPLE plan if you: Received at least $5,000 in compensation from your employer during any 2 years prior to the current year, and Are reasonably expected to receive at least $5,000 in compensation during the calendar year for which contributions are made. Form 1040ez 2011 instructions Self-employed individual. Form 1040ez 2011 instructions   For SIMPLE plan purposes, the term employee includes a self-employed individual who received earned income. Form 1040ez 2011 instructions Excludable employees. Form 1040ez 2011 instructions   Your employer can exclude the following employees from participating in the SIMPLE plan. Form 1040ez 2011 instructions Employees whose retirement benefits are covered by a collective bargaining agreement (union contract). Form 1040ez 2011 instructions Employees who are nonresident aliens and received no earned income from sources within the United States. Form 1040ez 2011 instructions Employees who would not have been eligible employees if an acquisition, disposition, or similar transaction had not occurred during the year. Form 1040ez 2011 instructions Compensation. Form 1040ez 2011 instructions   For purposes of the SIMPLE plan rules, your compensation for a year generally includes the following amounts. Form 1040ez 2011 instructions Wages, tips, and other pay from your employer that is subject to income tax withholding. Form 1040ez 2011 instructions Deferred amounts elected under any 401(k) plans, 403(b) plans, government (section 457) plans, SEP plans, and SIMPLE plans. Form 1040ez 2011 instructions Self-employed individual compensation. Form 1040ez 2011 instructions   For purposes of the SIMPLE plan rules, if you are self-employed, your compensation for a year is your net earnings from self-employment (Schedule SE (Form 1040), Section A, line 4, or Section B, line 6) before subtracting any contributions made to a SIMPLE IRA on your behalf. Form 1040ez 2011 instructions   For these purposes, net earnings from self-employment include services performed while claiming exemption from self-employment tax as a member of a group conscientiously opposed to social security benefits. Form 1040ez 2011 instructions How Are Contributions Made? Contributions under a salary reduction agreement are called salary reduction contributions. Form 1040ez 2011 instructions They are made on your behalf by your employer. Form 1040ez 2011 instructions Your employer must also make either matching contributions or nonelective contributions. Form 1040ez 2011 instructions Salary reduction contributions. Form 1040ez 2011 instructions   During the 60-day period before the beginning of any year, and during the 60-day period before you are eligible, you can choose salary reduction contributions expressed either as a percentage of compensation, or as a specific dollar amount (if your employer offers this choice). Form 1040ez 2011 instructions You can choose to cancel the election at any time during the year. Form 1040ez 2011 instructions   Salary reduction contributions are also referred to as “elective deferrals. Form 1040ez 2011 instructions ”   Your employer cannot place restrictions on the contributions amount (such as by limiting the contributions percentage), except to comply with the salary reduction contributions limit, discussed under How Much Can Be Contributed on Your Behalf, later. Form 1040ez 2011 instructions Matching contributions. Form 1040ez 2011 instructions   Unless your employer chooses to make nonelective contributions, your employer must make contributions equal to the salary reduction contributions you choose (elect), but only up to certain limits. Form 1040ez 2011 instructions See How Much Can Be Contributed on Your Behalf below. Form 1040ez 2011 instructions These contributions are in addition to the salary reduction contributions and must be made to the SIMPLE IRAs of all eligible employees (defined earlier) who chose salary reductions. Form 1040ez 2011 instructions These contributions are referred to as matching contributions. Form 1040ez 2011 instructions   Matching contributions on behalf of a self-employed individual are not treated as salary reduction contributions. Form 1040ez 2011 instructions Nonelective contributions. Form 1040ez 2011 instructions   Instead of making matching contributions, your employer may be able to choose to make nonelective contributions on behalf of all eligible employees. Form 1040ez 2011 instructions These nonelective contributions must be made on behalf of each eligible employee who has at least $5,000 of compensation from your employer, whether or not the employee chose salary reductions. Form 1040ez 2011 instructions   One of the requirements your employer must satisfy is notifying the employees that the election was made. Form 1040ez 2011 instructions For other requirements that your employer must satisfy, see chapter 3 of Publication 560. Form 1040ez 2011 instructions How Much Can Be Contributed on Your Behalf? The limits on contributions to a SIMPLE IRA vary with the type of contribution that is made. Form 1040ez 2011 instructions Salary reduction contributions limit. Form 1040ez 2011 instructions   Salary reduction contributions (employee-chosen contributions or elective deferrals) that your employer can make on your behalf under a SIMPLE plan are limited to $12,000 for 2013. Form 1040ez 2011 instructions The limitation remains at $12,000 for 2014. Form 1040ez 2011 instructions If you are a participant in any other employer plans during 2013 and you have elective salary reductions or deferred compensation under those plans, the salary reduction contributions under the SIMPLE plan also are included in the annual limit of $17,500 for 2013 on exclusions of salary reductions and other elective deferrals. Form 1040ez 2011 instructions You, not your employer, are responsible for monitoring compliance with these limits. Form 1040ez 2011 instructions Additional elective deferrals can be contributed to your SIMPLE plan if: You reached age 50 by the end of 2013, and No other elective deferrals can be made for you to the plan for the year because of limits or restrictions, such as the regular annual limit. Form 1040ez 2011 instructions The most that can be contributed in additional elective deferrals to your SIMPLE plan is the lesser of the following two amounts. Form 1040ez 2011 instructions $2,500 for 2013, or Your compensation for the year reduced by your other elective deferrals for the year. Form 1040ez 2011 instructions The additional deferrals are not subject to any other contribution limit and are not taken into account in applying other contribution limits. Form 1040ez 2011 instructions The additional deferrals are not subject to the nondiscrimination rules as long as all eligible participants are allowed to make them. Form 1040ez 2011 instructions Matching employer contributions limit. Form 1040ez 2011 instructions   Generally, your employer must make matching contributions to your SIMPLE IRA in an amount equal to your salary reduction contributions. Form 1040ez 2011 instructions These matching contributions cannot be more than 3% of your compensation for the calendar year. Form 1040ez 2011 instructions See Matching contributions less than 3% below. Form 1040ez 2011 instructions Example 1. Form 1040ez 2011 instructions In 2013, Joshua was a participant in his employer's SIMPLE plan. Form 1040ez 2011 instructions His compensation, before SIMPLE plan contributions, was $41,600 ($800 per week). Form 1040ez 2011 instructions Instead of taking it all in cash, Joshua elected to have 12. Form 1040ez 2011 instructions 5% of his weekly pay ($100) contributed to his SIMPLE IRA. Form 1040ez 2011 instructions For the full year, Joshua's salary reduction contributions were $5,200, which is less than the $12,000 limit on these contributions. Form 1040ez 2011 instructions Under the plan, Joshua's employer was required to make matching contributions to Joshua's SIMPLE IRA. Form 1040ez 2011 instructions Because his employer's matching contributions must equal Joshua's salary reductions, but cannot be more than 3% of his compensation (before salary reductions) for the year, his employer's matching contribution was limited to $1,248 (3% of $41,600). Form 1040ez 2011 instructions Example 2. Form 1040ez 2011 instructions Assume the same facts as in Example 1 , except that Joshua's compensation for the year was $408,163 and he chose to have 2. Form 1040ez 2011 instructions 94% of his weekly pay contributed to his SIMPLE IRA. Form 1040ez 2011 instructions In this example, Joshua's salary reduction contributions for the year (2. Form 1040ez 2011 instructions 94% × $408,163) were equal to the 2013 limit for salary reduction contributions ($12,000). Form 1040ez 2011 instructions Because 3% of Joshua's compensation ($12,245) is more than the amount his employer was required to match ($12,000), his employer's matching contributions were limited to $12,000. Form 1040ez 2011 instructions In this example, total contributions made on Joshua's behalf for the year were $24,000 ($12,000 (Joshua's contributions) + $12,000 (matching contributions)), the maximum contributions permitted under a SIMPLE IRA for 2013. Form 1040ez 2011 instructions Matching contributions less than 3%. Form 1040ez 2011 instructions   Your employer can reduce the 3% limit on matching contributions for a calendar year, but only if: The limit is not reduced below 1%, The limit is not reduced for more than 2 years out of the 5-year period that ends with (and includes) the year for which the election is effective, and Employees are notified of the reduced limit within a reasonable period of time before the 60-day election period during which they can enter into salary reduction agreements. Form 1040ez 2011 instructions   For purposes of applying the rule in item (2) in determining whether the limit was reduced below 3% for the year, any year before the first year in which your employer (or a former employer) maintains a SIMPLE IRA plan will be treated as a year for which the limit was 3%. Form 1040ez 2011 instructions If your employer chooses to make nonelective contributions for a year, that year also will be treated as a year for which the limit was 3%. Form 1040ez 2011 instructions Nonelective employer contributions limit. Form 1040ez 2011 instructions   If your employer chooses to make nonelective contributions, instead of matching contributions, to each eligible employee's SIMPLE IRA, contributions must be 2% of your compensation for the entire year. Form 1040ez 2011 instructions For 2013, only $255,000 of your compensation can be taken into account to figure the contribution limit. Form 1040ez 2011 instructions   Your employer can substitute the 2% nonelective contribution for the matching contribution for a year if both of the following requirements are met. Form 1040ez 2011 instructions Eligible employees are notified that a 2% nonelective contribution will be made instead of a matching contribution. Form 1040ez 2011 instructions This notice is provided within a reasonable period during which employees can enter into salary reduction agreements. Form 1040ez 2011 instructions Example 3. Form 1040ez 2011 instructions Assume the same facts as in Example 2 , except that Joshua's employer chose to make nonelective contributions instead of matching contributions. Form 1040ez 2011 instructions Because his employer's nonelective contributions are limited to 2% of up to $255,000 of Joshua's compensation, his employer's contribution to Joshua's SIMPLE IRA was limited to $5,100. Form 1040ez 2011 instructions In this example, total contributions made on Joshua's behalf for the year were $17,100 (Joshua's salary reductions of $12,000 plus his employer's contribution of $5,100). Form 1040ez 2011 instructions Traditional IRA mistakenly moved to SIMPLE IRA. Form 1040ez 2011 instructions   If you mistakenly roll over or transfer an amount from a traditional IRA to a SIMPLE IRA, you can later recharacterize the amount as a contribution to another traditional IRA. Form 1040ez 2011 instructions For more information, see Recharacterizations in chapter 1. Form 1040ez 2011 instructions Recharacterizing employer contributions. Form 1040ez 2011 instructions   You cannot recharacterize employer contributions (including elective deferrals) under a SEP or SIMPLE plan as contributions to another IRA. Form 1040ez 2011 instructions SEPs are discussed in chapter 2 of Publication 560. Form 1040ez 2011 instructions SIMPLE plans are discussed in this chapter. Form 1040ez 2011 instructions Converting from a SIMPLE IRA. Form 1040ez 2011 instructions   Generally, you can convert an amount in your SIMPLE IRA to a Roth IRA under the same rules explained in chapter 1 under Converting From Any Traditional IRA Into a Roth IRA . Form 1040ez 2011 instructions    However, you cannot convert any amount distributed from the SIMPLE IRA during the 2-year period beginning on the date you first participated in any SIMPLE IRA plan maintained by your employer. Form 1040ez 2011 instructions When Can You Withdraw or Use Assets? Generally, the same distribution (withdrawal) rules that apply to traditional IRAs apply to SIMPLE IRAs. Form 1040ez 2011 instructions These rules are discussed in chapter 1. Form 1040ez 2011 instructions Your employer cannot restrict you from taking distributions from a SIMPLE IRA. Form 1040ez 2011 instructions Are Distributions Taxable? Generally, distributions from a SIMPLE IRA are fully taxable as ordinary income. Form 1040ez 2011 instructions If the distribution is an early distribution (discussed in chapter 1), it may be subject to the additional tax on early distributions. Form 1040ez 2011 instructions See Additional Tax on Early Distributions, later. Form 1040ez 2011 instructions Rollovers and Transfers Exception Generally, rollovers and trustee-to-trustee transfers are not taxable distributions. Form 1040ez 2011 instructions Two-year rule. Form 1040ez 2011 instructions   To qualify as a tax-free rollover (or a tax-free trustee-to-trustee transfer), a rollover distribution (or a transfer) made from a SIMPLE IRA during the 2-year period beginning on the date on which you first participated in your employer's SIMPLE plan must be contributed (or transferred) to another SIMPLE IRA. Form 1040ez 2011 instructions The 2-year period begins on the first day on which contributions made by your employer are deposited in your SIMPLE IRA. Form 1040ez 2011 instructions   After the 2-year period, amounts in a SIMPLE IRA can be rolled over or transferred tax free to an IRA other than a SIMPLE IRA, or to a qualified plan, a tax-sheltered annuity plan (section 403(b) plan), or deferred compensation plan of a state or local government (section 457 plan). Form 1040ez 2011 instructions Additional Tax on Early Distributions The additional tax on early distributions (discussed in chapter 1) applies to SIMPLE IRAs. Form 1040ez 2011 instructions If a distribution is an early distribution and occurs during the 2-year period following the date on which you first participated in your employer's SIMPLE plan, the additional tax on early distributions is increased from 10% to 25%. Form 1040ez 2011 instructions If a rollover distribution (or transfer) from a SIMPLE IRA does not satisfy the 2-year rule, and is otherwise an early distribution, the additional tax imposed because of the early distribution is increased from 10% to 25% of the amount distributed. Form 1040ez 2011 instructions Prev  Up  Next   Home   More Online Publications