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How Do I Amend My 2011 Tax Return

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How Do I Amend My 2011 Tax Return

How do i amend my 2011 tax return 2. How do i amend my 2011 tax return   Simplified Employee Pensions (SEPs) Table of Contents Topics - This chapter discusses: Useful Items - You may want to see: Setting Up a SEPWhen not to use Form 5305-SEP. How do i amend my 2011 tax return How Much Can I Contribute?Contribution Limits Deducting ContributionsDeduction Limit for Contributions for Participants Deduction Limit for Self-Employed Individuals Carryover of Excess SEP Contributions When To Deduct Contributions Where To Deduct Contributions Salary Reduction Simplified Employee Pensions (SARSEPs)SARSEP ADP test. How do i amend my 2011 tax return Deferral percentage. How do i amend my 2011 tax return Employee compensation. How do i amend my 2011 tax return Compensation of self-employed individuals. How do i amend my 2011 tax return Choice not to treat deferrals as compensation. How do i amend my 2011 tax return Limit on Elective Deferrals Tax Treatment of Deferrals Distributions (Withdrawals) Additional TaxesEffects on employee. How do i amend my 2011 tax return Reporting and Disclosure Requirements Topics - This chapter discusses: Setting up a SEP How much can I contribute Deducting contributions Salary reduction simplified employee pensions (SARSEPs) Distributions (withdrawals) Additional taxes Reporting and disclosure requirements Useful Items - You may want to see: Publication 590 Individual Retirement Arrangements (IRAs) 3998 Choosing A Retirement Solution for Your Small Business 4285 SEP Checklist 4286 SARSEP Checklist 4333 SEP Retirement Plans for Small Businesses 4336 SARSEP for Small Businesses 4407 SARSEP—Key Issues and Assistance Forms (and Instructions) W-2 Wage and Tax Statement 1040 U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Individual Income Tax Return 5305-SEP Simplified Employee Pension—Individual Retirement Accounts Contribution Agreement 5305A-SEP Salary Reduction Simplified Employee Pension—Individual Retirement Accounts Contribution Agreement 8880 Credit for Qualified Retirement Savings Contributions 8881 Credit for Small Employer Pension Plan Startup Costs A SEP is a written plan that allows you to make contributions toward your own retirement and your employees' retirement without getting involved in a more complex qualified plan. How do i amend my 2011 tax return Under a SEP, you make contributions to a traditional individual retirement arrangement (called a SEP-IRA) set up by or for each eligible employee. How do i amend my 2011 tax return A SEP-IRA is owned and controlled by the employee, and you make contributions to the financial institution where the SEP-IRA is maintained. How do i amend my 2011 tax return SEP-IRAs are set up for, at a minimum, each eligible employee (defined below). How do i amend my 2011 tax return A SEP-IRA may have to be set up for a leased employee (defined in chapter 1), but does not need to be set up for excludable employees (defined later). How do i amend my 2011 tax return Eligible employee. How do i amend my 2011 tax return   An eligible employee is an individual who meets all the following requirements. How do i amend my 2011 tax return Has reached age 21. How do i amend my 2011 tax return Has worked for you in at least 3 of the last 5 years. How do i amend my 2011 tax return Has received at least $550 in compensation from you in 2013. How do i amend my 2011 tax return This amount remains the same in 2014. How do i amend my 2011 tax return    You can use less restrictive participation requirements than those listed, but not more restrictive ones. How do i amend my 2011 tax return Excludable employees. How do i amend my 2011 tax return   The following employees can be excluded from coverage under a SEP. How do i amend my 2011 tax return Employees covered by a union agreement and whose retirement benefits were bargained for in good faith by the employees' union and you. How do i amend my 2011 tax return Nonresident alien employees who have received no U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return source wages, salaries, or other personal services compensation from you. How do i amend my 2011 tax return For more information about nonresident aliens, see Publication 519, U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Tax Guide for Aliens. How do i amend my 2011 tax return Setting Up a SEP There are three basic steps in setting up a SEP. How do i amend my 2011 tax return You must execute a formal written agreement to provide benefits to all eligible employees. How do i amend my 2011 tax return You must give each eligible employee certain information about the SEP. How do i amend my 2011 tax return A SEP-IRA must be set up by or for each eligible employee. How do i amend my 2011 tax return Many financial institutions will help you set up a SEP. How do i amend my 2011 tax return Formal written agreement. How do i amend my 2011 tax return   You must execute a formal written agreement to provide benefits to all eligible employees under a SEP. How do i amend my 2011 tax return You can satisfy the written agreement requirement by adopting an IRS model SEP using Form 5305-SEP. How do i amend my 2011 tax return However, see When not to use Form 5305-SEP, below. How do i amend my 2011 tax return   If you adopt an IRS model SEP using Form 5305-SEP, no prior IRS approval or determination letter is required. How do i amend my 2011 tax return Keep the original form. How do i amend my 2011 tax return Do not file it with the IRS. How do i amend my 2011 tax return Also, using Form 5305-SEP will usually relieve you from filing annual retirement plan information returns with the IRS and the Department of Labor. How do i amend my 2011 tax return See the Form 5305-SEP instructions for details. How do i amend my 2011 tax return If you choose not to use Form 5305-SEP, you should seek professional advice in adopting a SEP. How do i amend my 2011 tax return When not to use Form 5305-SEP. How do i amend my 2011 tax return   You cannot use Form 5305-SEP if any of the following apply. How do i amend my 2011 tax return You currently maintain any other qualified retirement plan other than another SEP. How do i amend my 2011 tax return You have any eligible employees for whom IRAs have not been set up. How do i amend my 2011 tax return You use the services of leased employees, who are not your common-law employees (as described in chapter 1). How do i amend my 2011 tax return You are a member of any of the following unless all eligible employees of all the members of these groups, trades, or businesses participate under the SEP. How do i amend my 2011 tax return An affiliated service group described in section 414(m). How do i amend my 2011 tax return A controlled group of corporations described in section 414(b). How do i amend my 2011 tax return Trades or businesses under common control described in section 414(c). How do i amend my 2011 tax return You do not pay the cost of the SEP contributions. How do i amend my 2011 tax return Information you must give to employees. How do i amend my 2011 tax return   You must give each eligible employee a copy of Form 5305-SEP, its instructions, and the other information listed in the Form 5305-SEP instructions. How do i amend my 2011 tax return An IRS model SEP is not considered adopted until you give each employee this information. How do i amend my 2011 tax return Setting up the employee's SEP-IRA. How do i amend my 2011 tax return   A SEP-IRA must be set up by or for each eligible employee. How do i amend my 2011 tax return SEP-IRAs can be set up with banks, insurance companies, or other qualified financial institutions. How do i amend my 2011 tax return You send SEP contributions to the financial institution where the SEP-IRA is maintained. How do i amend my 2011 tax return Deadline for setting up a SEP. How do i amend my 2011 tax return   You can set up a SEP for any year as late as the due date (including extensions) of your income tax return for that year. How do i amend my 2011 tax return Credit for startup costs. How do i amend my 2011 tax return   You may be able to claim a tax credit for part of the ordinary and necessary costs of starting a SEP that first became effective in 2013. How do i amend my 2011 tax return For more information, see Credit for startup costs under Reminders, earlier. How do i amend my 2011 tax return How Much Can I Contribute? The SEP rules permit you to contribute a limited amount of money each year to each employee's SEP-IRA. How do i amend my 2011 tax return If you are self-employed, you can contribute to your own SEP-IRA. How do i amend my 2011 tax return Contributions must be in the form of money (cash, check, or money order). How do i amend my 2011 tax return You cannot contribute property. How do i amend my 2011 tax return However, participants may be able to transfer or roll over certain property from one retirement plan to another. How do i amend my 2011 tax return See Publication 590 for more information about rollovers. How do i amend my 2011 tax return You do not have to make contributions every year. How do i amend my 2011 tax return But if you make contributions, they must be based on a written allocation formula and must not discriminate in favor of highly compensated employees (defined in chapter 1). How do i amend my 2011 tax return When you contribute, you must contribute to the SEP-IRAs of all participants who actually performed personal services during the year for which the contributions are made, including employees who die or terminate employment before the contributions are made. How do i amend my 2011 tax return Contributions are deductible within limits, as discussed later, and generally are not taxable to the plan participants. How do i amend my 2011 tax return A SEP-IRA cannot be a Roth IRA. How do i amend my 2011 tax return Employer contributions to a SEP-IRA will not affect the amount an individual can contribute to a Roth or traditional IRA. How do i amend my 2011 tax return Unlike regular contributions to a traditional IRA, contributions under a SEP can be made to participants over age 70½. How do i amend my 2011 tax return If you are self-employed, you can also make contributions under the SEP for yourself even if you are over 70½. How do i amend my 2011 tax return Participants age 70½ or over must take required minimum distributions. How do i amend my 2011 tax return Time limit for making contributions. How do i amend my 2011 tax return   To deduct contributions for a year, you must make the contributions by the due date (including extensions) of your tax return for the year. How do i amend my 2011 tax return Contribution Limits Contributions you make for 2013 to a common-law employee's SEP-IRA cannot exceed the lesser of 25% of the employee's compensation or $51,000. How do i amend my 2011 tax return Compensation generally does not include your contributions to the SEP. How do i amend my 2011 tax return The SEP plan document will specify how the employer contribution is determined and how it will be allocated to participants. How do i amend my 2011 tax return Example. How do i amend my 2011 tax return Your employee, Mary Plant, earned $21,000 for 2013. How do i amend my 2011 tax return The maximum contribution you can make to her SEP-IRA is $5,250 (25% x $21,000). How do i amend my 2011 tax return Contributions for yourself. How do i amend my 2011 tax return   The annual limits on your contributions to a common-law employee's SEP-IRA also apply to contributions you make to your own SEP-IRA. How do i amend my 2011 tax return However, special rules apply when figuring your maximum deductible contribution. How do i amend my 2011 tax return See Deduction Limit for Self-Employed Individuals , later. How do i amend my 2011 tax return Annual compensation limit. How do i amend my 2011 tax return   You cannot consider the part of an employee's compensation over $255,000 when figuring your contribution limit for that employee. How do i amend my 2011 tax return However, $51,000 is the maximum contribution for an eligible employee. How do i amend my 2011 tax return These limits are $260,000 and $52,000, respectively, in 2014. How do i amend my 2011 tax return Example. How do i amend my 2011 tax return Your employee, Susan Green, earned $210,000 for 2013. How do i amend my 2011 tax return Because of the maximum contribution limit for 2013, you can only contribute $51,000 to her SEP-IRA. How do i amend my 2011 tax return More than one plan. How do i amend my 2011 tax return   If you contribute to a defined contribution plan (defined in chapter 4), annual additions to an account are limited to the lesser of $51,000 or 100% of the participant's compensation. How do i amend my 2011 tax return When you figure this limit, you must add your contributions to all defined contribution plans maintained by you. How do i amend my 2011 tax return Because a SEP is considered a defined contribution plan for this limit, your contributions to a SEP must be added to your contributions to other defined contribution plans you maintain. How do i amend my 2011 tax return Tax treatment of excess contributions. How do i amend my 2011 tax return   Excess contributions are your contributions to an employee's SEP-IRA (or to your own SEP-IRA) for 2013 that exceed the lesser of the following amounts. How do i amend my 2011 tax return 25% of the employee's compensation (or, for you, 20% of your net earnings from self-employment). How do i amend my 2011 tax return $51,000. How do i amend my 2011 tax return Excess contributions are included in the employee's income for the year and are treated as contributions by the employee to his or her SEP-IRA. How do i amend my 2011 tax return For more information on employee tax treatment of excess contributions, see chapter 1 in Publication 590. How do i amend my 2011 tax return Reporting on Form W-2. How do i amend my 2011 tax return   Do not include SEP contributions on your employee's Form W-2 unless contributions were made under a salary reduction arrangement (discussed later). How do i amend my 2011 tax return Deducting Contributions Generally, you can deduct the contributions you make each year to each employee's SEP-IRA. How do i amend my 2011 tax return If you are self-employed, you can deduct the contributions you make each year to your own SEP-IRA. How do i amend my 2011 tax return Deduction Limit for Contributions for Participants The most you can deduct for your contributions to you or your employee's SEP-IRA is the lesser of the following amounts. How do i amend my 2011 tax return Your contributions (including any excess contributions carryover). How do i amend my 2011 tax return 25% of the compensation (limited to $255,000 per participant) paid to the participants during 2013 from the business that has the plan, not to exceed $51,000 per participant. How do i amend my 2011 tax return In 2014, the amounts in (2) above are $260,000 and $52,000, respectively. How do i amend my 2011 tax return Deduction Limit for Self-Employed Individuals If you contribute to your own SEP-IRA, you must make a special computation to figure your maximum deduction for these contributions. How do i amend my 2011 tax return When figuring the deduction for contributions made to your own SEP-IRA, compensation is your net earnings from self-employment (defined in chapter 1), which takes into account both the following deductions. How do i amend my 2011 tax return The deduction for the deductible part of your self-employment tax. How do i amend my 2011 tax return The deduction for contributions to your own SEP-IRA. How do i amend my 2011 tax return The deduction for contributions to your own SEP-IRA and your net earnings depend on each other. How do i amend my 2011 tax return For this reason, you determine the deduction for contributions to your own SEP-IRA indirectly by reducing the contribution rate called for in your plan. How do i amend my 2011 tax return To do this, use the Rate Table for Self-Employed or the Rate Worksheet for Self-Employed, whichever is appropriate for your plan's contribution rate, in chapter 5. How do i amend my 2011 tax return Then figure your maximum deduction by using the Deduction Worksheet for Self-Employed in chapter 5. How do i amend my 2011 tax return Carryover of Excess SEP Contributions If you made SEP contributions that are more than the deduction limit (nondeductible contributions), you can carry over and deduct the difference in later years. How do i amend my 2011 tax return However, the carryover, when combined with the contribution for the later year, is subject to the deduction limit for that year. How do i amend my 2011 tax return If you also contributed to a defined benefit plan or defined contribution plan, see Carryover of Excess Contributions under Employer Deduction in chapter 4 for the carryover limit. How do i amend my 2011 tax return Excise tax. How do i amend my 2011 tax return   If you made nondeductible (excess) contributions to a SEP, you may be subject to a 10% excise tax. How do i amend my 2011 tax return For information about the excise tax, see Excise Tax for Nondeductible (Excess) Contributions under Employer Deduction in chapter 4. How do i amend my 2011 tax return When To Deduct Contributions When you can deduct contributions made for a year depends on the tax year on which the SEP is maintained. How do i amend my 2011 tax return If the SEP is maintained on a calendar year basis, you deduct the yearly contributions on your tax return for the year within which the calendar year ends. How do i amend my 2011 tax return If you file your tax return and maintain the SEP using a fiscal year or short tax year, you deduct contributions made for a year on your tax return for that year. How do i amend my 2011 tax return Example. How do i amend my 2011 tax return You are a fiscal year taxpayer whose tax year ends June 30. How do i amend my 2011 tax return You maintain a SEP on a calendar year basis. How do i amend my 2011 tax return You deduct SEP contributions made for calendar year 2013 on your tax return for your tax year ending June 30, 2014. How do i amend my 2011 tax return Where To Deduct Contributions Deduct the contributions you make for your common-law employees on your tax return. How do i amend my 2011 tax return For example, sole proprietors deduct them on Schedule C (Form 1040) or Schedule F (Form 1040), Profit or Loss From Farming; partnerships deduct them on Form 1065, U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Return of Partnership Income; and corporations deduct them on Form 1120, U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Corporation Income Tax Return, or Form 1120S, U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Income Tax Return for an S Corporation. How do i amend my 2011 tax return Sole proprietors and partners deduct contributions for themselves on line 28 of Form 1040. How do i amend my 2011 tax return (If you are a partner, contributions for yourself are shown on the Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc. How do i amend my 2011 tax return , you receive from the partnership. How do i amend my 2011 tax return ) Remember that sole proprietors and partners can't deduct as a business expense contributions made to a SEP for themselves, only those made for their common-law employees. How do i amend my 2011 tax return Salary Reduction Simplified Employee Pensions (SARSEPs) A SARSEP is a SEP set up before 1997 that includes a salary reduction arrangement. How do i amend my 2011 tax return (See the Caution, next. How do i amend my 2011 tax return ) Under a SARSEP, your employees can choose to have you contribute part of their pay to their SEP-IRAs rather than receive it in cash. How do i amend my 2011 tax return This contribution is called an “elective deferral” because employees choose (elect) to set aside the money, and they defer the tax on the money until it is distributed to them. How do i amend my 2011 tax return You are not allowed to set up a SARSEP after 1996. How do i amend my 2011 tax return However, participants (including employees hired after 1996) in a SARSEP set up before 1997 can continue to have you contribute part of their pay to the plan. How do i amend my 2011 tax return If you are interested in setting up a retirement plan that includes a salary reduction arrangement, see chapter 3. How do i amend my 2011 tax return Who can have a SARSEP?   A SARSEP set up before 1997 is available to you and your eligible employees only if all the following requirements are met. How do i amend my 2011 tax return At least 50% of your employees eligible to participate choose to make elective deferrals. How do i amend my 2011 tax return You have 25 or fewer employees who were eligible to participate in the SEP at any time during the preceding year. How do i amend my 2011 tax return The elective deferrals of your highly compensated employees meet the SARSEP ADP test. How do i amend my 2011 tax return SARSEP ADP test. How do i amend my 2011 tax return   Under the SARSEP ADP test, the amount deferred each year by each eligible highly compensated employee as a percentage of pay (the deferral percentage) cannot be more than 125% of the average deferral percentage (ADP) of all non-highly compensated employees eligible to participate. How do i amend my 2011 tax return A highly compensated employee is defined in chapter 1. How do i amend my 2011 tax return Deferral percentage. How do i amend my 2011 tax return   The deferral percentage for an employee for a year is figured as follows. How do i amend my 2011 tax return   The elective employer contributions (excluding certain catch-up contributions)  paid to the SEP for the employee for the year     The employee's compensation (limited to $255,000 in 2013)   The instructions for Form 5305A-SEP have a worksheet you can use to determine whether the elective deferrals of your highly compensated employees meet the SARSEP ADP test. How do i amend my 2011 tax return Employee compensation. How do i amend my 2011 tax return   For figuring the deferral percentage, compensation is generally the amount you pay to the employee for the year. How do i amend my 2011 tax return Compensation includes the elective deferral and other amounts deferred in certain employee benefit plans. How do i amend my 2011 tax return See Compensation in chapter 1. How do i amend my 2011 tax return Elective deferrals under the SARSEP are included in figuring your employees' deferral percentage even though they are not included in the income of your employees for income tax purposes. How do i amend my 2011 tax return Compensation of self-employed individuals. How do i amend my 2011 tax return   If you are self-employed, compensation is your net earnings from self-employment as defined in chapter 1. How do i amend my 2011 tax return   Compensation does not include tax-free items (or deductions related to them) other than foreign earned income and housing cost amounts. How do i amend my 2011 tax return Choice not to treat deferrals as compensation. How do i amend my 2011 tax return   You can choose not to treat elective deferrals (and other amounts deferred in certain employee benefit plans) for a year as compensation under your SARSEP. How do i amend my 2011 tax return Limit on Elective Deferrals The most a participant can choose to defer for calendar year 2013 is the lesser of the following amounts. How do i amend my 2011 tax return 25% of the participant's compensation (limited to $255,000 of the participant's compensation). How do i amend my 2011 tax return $17,500. How do i amend my 2011 tax return The $17,500 limit applies to the total elective deferrals the employee makes for the year to a SEP and any of the following. How do i amend my 2011 tax return Cash or deferred arrangement (section 401(k) plan). How do i amend my 2011 tax return Salary reduction arrangement under a tax-sheltered annuity plan (section 403(b) plan). How do i amend my 2011 tax return SIMPLE IRA plan. How do i amend my 2011 tax return In 2014, the $255,000 limit increases to $260,000 and the $17,500 limit remains at $17,500. How do i amend my 2011 tax return Catch-up contributions. How do i amend my 2011 tax return   A SARSEP can permit participants who are age 50 or over at the end of the calendar year to also make catch-up contributions. How do i amend my 2011 tax return The catch-up contribution limit for 2013 is $5,500 and remains at $5,500 for 2014. How do i amend my 2011 tax return Elective deferrals are not treated as catch-up contributions for 2013 until they exceed the elective deferral limit (the lesser of 25% of compensation or $17,500), the SARSEP ADP test limit discussed earlier, or the plan limit (if any). How do i amend my 2011 tax return However, the catch-up contribution a participant can make for a year cannot exceed the lesser of the following amounts. How do i amend my 2011 tax return The catch-up contribution limit. How do i amend my 2011 tax return The excess of the participant's compensation over the elective deferrals that are not catch-up contributions. How do i amend my 2011 tax return   Catch-up contributions are not subject to the elective deferral limit (the lesser of 25% of compensation or $17,500 in 2013 and in 2014). How do i amend my 2011 tax return Overall limit on SEP contributions. How do i amend my 2011 tax return   If you also make nonelective contributions to a SEP-IRA, the total of the nonelective and elective contributions to that SEP-IRA cannot exceed the lesser of 25% of the employee's compensation or $51,000 for 2013 ($52,000 for 2014). How do i amend my 2011 tax return The same rule applies to contributions you make to your own SEP-IRA. How do i amend my 2011 tax return See Contribution Limits , earlier. How do i amend my 2011 tax return Figuring the elective deferral. How do i amend my 2011 tax return   For figuring the 25% limit on elective deferrals, compensation does not include SEP contributions, including elective deferrals or other amounts deferred in certain employee benefit plans. How do i amend my 2011 tax return Tax Treatment of Deferrals Elective deferrals that are not more than the limits discussed earlier under Limit on Elective Deferrals are excluded from your employees' wages subject to federal income tax in the year of deferral. How do i amend my 2011 tax return However, these deferrals are included in wages for social security, Medicare, and federal unemployment (FUTA) tax. How do i amend my 2011 tax return Excess deferrals. How do i amend my 2011 tax return   For 2013, excess deferrals are the elective deferrals for the year that are more than the $17,500 limit discussed earlier. How do i amend my 2011 tax return For a participant who is eligible to make catch-up contributions, excess deferrals are the elective deferrals that are more than $23,000. How do i amend my 2011 tax return The treatment of excess deferrals made under a SARSEP is similar to the treatment of excess deferrals made under a qualified plan. How do i amend my 2011 tax return See Treatment of Excess Deferrals under Elective Deferrals (401(k) Plans) in chapter 4. How do i amend my 2011 tax return Excess SEP contributions. How do i amend my 2011 tax return   Excess SEP contributions are elective deferrals of highly compensated employees that are more than the amount permitted under the SARSEP ADP test. How do i amend my 2011 tax return You must notify your highly compensated employees within 2½ months after the end of the plan year of their excess SEP contributions. How do i amend my 2011 tax return If you do not notify them within this time period, you must pay a 10% tax on the excess. How do i amend my 2011 tax return For an explanation of the notification requirements, see Rev. How do i amend my 2011 tax return Proc. How do i amend my 2011 tax return 91-44, 1991-2 C. How do i amend my 2011 tax return B. How do i amend my 2011 tax return 733. How do i amend my 2011 tax return If you adopted a SARSEP using Form 5305A-SEP, the notification requirements are explained in the instructions for that form. How do i amend my 2011 tax return Reporting on Form W-2. How do i amend my 2011 tax return   Do not include elective deferrals in the “Wages, tips, other compensation” box of Form W-2. How do i amend my 2011 tax return You must, however, include them in the “Social security wages” and “Medicare wages and tips” boxes. How do i amend my 2011 tax return You must also include them in box 12. How do i amend my 2011 tax return Mark the “Retirement plan” checkbox in box 13. How do i amend my 2011 tax return For more information, see the Form W-2 instructions. How do i amend my 2011 tax return Distributions (Withdrawals) As an employer, you cannot prohibit distributions from a SEP-IRA. How do i amend my 2011 tax return Also, you cannot make your contributions on the condition that any part of them must be kept in the account after you have made your contributions to the employee's accounts. How do i amend my 2011 tax return Distributions are subject to IRA rules. How do i amend my 2011 tax return Generally, you or your employee must begin to receive distributions from a SEP-IRA by April 1 of the first year after the calendar year in which you or your employee reaches age 70½. How do i amend my 2011 tax return For more information about IRA rules, including the tax treatment of distributions, rollovers, required distributions, and income tax withholding, see Publication 590. How do i amend my 2011 tax return Additional Taxes The tax advantages of using SEP-IRAs for retirement savings can be offset by additional taxes that may be imposed for all the following actions. How do i amend my 2011 tax return Making excess contributions. How do i amend my 2011 tax return Making early withdrawals. How do i amend my 2011 tax return Not making required withdrawals. How do i amend my 2011 tax return For information about these taxes, see chapter 1 in Publication 590. How do i amend my 2011 tax return Also, a SEP-IRA may be disqualified, or an excise tax may apply, if the account is involved in a prohibited transaction, discussed next. How do i amend my 2011 tax return Prohibited transaction. How do i amend my 2011 tax return   If an employee improperly uses his or her SEP-IRA, such as by borrowing money from it, the employee has engaged in a prohibited transaction. How do i amend my 2011 tax return In that case, the SEP-IRA will no longer qualify as an IRA. How do i amend my 2011 tax return For a list of prohibited transactions, see Prohibited Transactions in chapter 4. How do i amend my 2011 tax return Effects on employee. How do i amend my 2011 tax return   If a SEP-IRA is disqualified because of a prohibited transaction, the assets in the account will be treated as having been distributed to the employee on the first day of the year in which the transaction occurred. How do i amend my 2011 tax return The employee must include in income the fair market value of the assets (on the first day of the year) that is more than any cost basis in the account. How do i amend my 2011 tax return Also, the employee may have to pay the additional tax for making early withdrawals. How do i amend my 2011 tax return Reporting and Disclosure Requirements If you set up a SEP using Form 5305-SEP, you must give your eligible employees certain information about the SEP when you set it up. How do i amend my 2011 tax return See Setting Up a SEP , earlier. How do i amend my 2011 tax return Also, you must give your eligible employees a statement each year showing any contributions to their SEP-IRAs. How do i amend my 2011 tax return You must also give them notice of any excess contributions. How do i amend my 2011 tax return For details about other information you must give them, see the instructions for Form 5305-SEP or Form 5305A-SEP (for a salary reduction SEP). How do i amend my 2011 tax return Even if you did not use Form 5305-SEP or Form 5305A-SEP to set up your SEP, you must give your employees information similar to that described above. How do i amend my 2011 tax return For more information, see the instructions for either Form 5305-SEP or Form 5305A-SEP. How do i amend my 2011 tax return Prev  Up  Next   Home   More Online Publications
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The How Do I Amend My 2011 Tax Return

How do i amend my 2011 tax return Publication 80 - Main Content Table of Contents Introduction 1. How do i amend my 2011 tax return Employer Identification Number (EIN) 2. How do i amend my 2011 tax return Who Are Employees?Tests. How do i amend my 2011 tax return Business Owned and Operated by Spouses Farm Crew Leaders 3. How do i amend my 2011 tax return Employee's Social Security Number (SSN)Registering for SSNVS. How do i amend my 2011 tax return 4. How do i amend my 2011 tax return Wages and Other CompensationFringe Benefits 5. How do i amend my 2011 tax return TipsOrdering rule. How do i amend my 2011 tax return 6. How do i amend my 2011 tax return Social Security and Medicare Taxes for FarmworkersThe $150 Test or the $2,500 Test 7. How do i amend my 2011 tax return How To Figure Social Security and Medicare TaxesHousehold and agricultural employers. How do i amend my 2011 tax return 8. How do i amend my 2011 tax return Depositing TaxesPayment with Return When To Deposit How To Deposit Deposit Penalties 9. How do i amend my 2011 tax return Employer's ReturnsReporting Adjustments to Form 941-SS, 944-SS, 944, or 943 Current Period Adjustments Prior Period Adjustments 10. How do i amend my 2011 tax return Wage and Tax StatementsWaiver. How do i amend my 2011 tax return 11. How do i amend my 2011 tax return Federal Unemployment (FUTA) Tax—U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Virgin Islands Employers Only How To Get Tax Help Introduction This publication is for employers whose principal place of business is in the U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Virgin Islands, Guam, American Samoa, or the Commonwealth of the Northern Mariana Islands, or who have employees who are subject to income tax withholding for any of these jurisdictions. How do i amend my 2011 tax return Employers and employees in these areas are generally subject to social security and Medicare taxes under the Federal Insurance Contributions Act (FICA). How do i amend my 2011 tax return See section 6 and section 7 for more information. How do i amend my 2011 tax return This publication summarizes employer responsibilities to collect, pay, and report these taxes. How do i amend my 2011 tax return Whenever the term “United States” is used in this publication, it includes U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Virgin Islands, Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands. How do i amend my 2011 tax return This publication also provides employers in the U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Virgin Islands with a summary of their responsibilities in connection with the tax under the Federal Unemployment Tax Act, known as FUTA tax. How do i amend my 2011 tax return See section 11 for more information. How do i amend my 2011 tax return Except as shown in the table in section 12, social security, Medicare, and FUTA taxes apply to every employer who pays taxable wages to employees or who has employees who report tips. How do i amend my 2011 tax return This publication does not include information relating to the self-employment tax (for social security and Medicare of self-employed persons). How do i amend my 2011 tax return See Publication 570, Tax Guide for Individuals With Income From U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Possessions, if you need this information. How do i amend my 2011 tax return This publication also does not include information relating to income tax withholding. How do i amend my 2011 tax return In U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Virgin Islands, Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands, contact your local tax department for information about income tax withholding. How do i amend my 2011 tax return See Publication 15 (Circular E), for information on U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return federal income tax withholding. How do i amend my 2011 tax return Comments and suggestions. How do i amend my 2011 tax return   We welcome your comments about this publication and your suggestions for future editions. How do i amend my 2011 tax return   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. How do i amend my 2011 tax return NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. How do i amend my 2011 tax return Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. How do i amend my 2011 tax return    You can also send us comments from www. How do i amend my 2011 tax return irs. How do i amend my 2011 tax return gov/formspubs. How do i amend my 2011 tax return Click on More Information and then click on Comment on Tax Forms and Publications. How do i amend my 2011 tax return   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax forms, instructions, and publications. How do i amend my 2011 tax return 1. How do i amend my 2011 tax return Employer Identification Number (EIN) An employer identification number (EIN) is a nine-digit number that the IRS issues. How do i amend my 2011 tax return Its format is 00-0000000. How do i amend my 2011 tax return It is used to identify the tax accounts of employers and certain other organizations and entities that have no employees. How do i amend my 2011 tax return Use your EIN on all of the items that you send to the IRS and SSA for your business. How do i amend my 2011 tax return If you do not have an EIN, you may apply for one online. How do i amend my 2011 tax return Go to IRS. How do i amend my 2011 tax return gov and click on the Apply for an EIN Online link under Tools. How do i amend my 2011 tax return You may also apply for an EIN by calling 1-800-829-4933, (U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Virgin Islands only) or 267-941-1099 (toll call), or you can fax or mail Form SS-4, Application for Employer Identification Number, to the IRS. How do i amend my 2011 tax return Do not use a social security number (SSN) in place of an EIN. How do i amend my 2011 tax return If you do not have an EIN by the time a return is due, file a paper return and enter “Applied For” and the date that you applied for it in the space shown for the number. How do i amend my 2011 tax return If you took over another employer's business, do not use that employer's EIN. How do i amend my 2011 tax return You should have only one EIN. How do i amend my 2011 tax return If you have more than one, write to the IRS office where you file your returns using the “without a payment” address in the Instructions for Form 941-SS, Instructions for Form 944, or Instructions for Form 943. How do i amend my 2011 tax return Or call the IRS Business & Specialty Tax Line at 1-800-829-4933 (U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Virgin Islands only) or 267-941-1000 (toll call). How do i amend my 2011 tax return Persons who are deaf, hard of hearing, or have a speech disability (TDD/TTY users) in the U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Virgin Islands may call 1-800-829-4059. How do i amend my 2011 tax return The IRS will tell you which EIN to use. How do i amend my 2011 tax return For more information, see Publication 1635, Employer Identification Number: Understanding Your EIN, or Publication 583, Starting a Business and Keeping Records. How do i amend my 2011 tax return 2. How do i amend my 2011 tax return Who Are Employees? Generally, employees are defined either under common law or under special statutes for certain situations. How do i amend my 2011 tax return See Publication 15-A, Employer's Supplemental Tax Guide, for details on statutory employees and nonemployees. How do i amend my 2011 tax return Employee status under common law. How do i amend my 2011 tax return   Generally, a worker who performs services for you is your employee if you can control what will be done and how it will be done. How do i amend my 2011 tax return This is so even when you give the employee freedom of action. How do i amend my 2011 tax return What matters is that you have the right to control the details of how the services are performed. How do i amend my 2011 tax return See Publication 15-A for more information on how to determine whether an individual providing services is an independent contractor or an employee. How do i amend my 2011 tax return    Generally, people in business for themselves are not employees. How do i amend my 2011 tax return For example, doctors, lawyers, veterinarians, and others in an independent trade in which they offer their services to the public are usually not employees. How do i amend my 2011 tax return However, if the business is incorporated, corporate officers who work in the business are employees of the corporation. How do i amend my 2011 tax return   If an employer-employee relationship exists, it does not matter what it is called. How do i amend my 2011 tax return The employee may be called an agent or independent contractor. How do i amend my 2011 tax return It also does not matter how payments are measured or paid, what they are called, or if the employee works full or part time. How do i amend my 2011 tax return Statutory employees. How do i amend my 2011 tax return   There are also some special definitions of employees for social security, Medicare, and FUTA taxes. How do i amend my 2011 tax return   While the following persons may not be common law employees, they are considered employees for social security and Medicare purposes if the conditions under Tests , discussed later, are met. How do i amend my 2011 tax return a. How do i amend my 2011 tax return   An agent (or commission) driver who delivers food or beverages (other than milk) or picks up and delivers laundry or dry cleaning for someone else. How do i amend my 2011 tax return b. How do i amend my 2011 tax return   A full-time life insurance salesperson who sells primarily for one company. How do i amend my 2011 tax return c. How do i amend my 2011 tax return   A homeworker who works by the guidelines of the person for whom the work is done, with materials furnished by and returned to that person or to someone that person designates. How do i amend my 2011 tax return d. How do i amend my 2011 tax return   A traveling or city salesperson (other than an agent-driver or commission-driver) who works full time (except for sideline sales activities) for one firm or person getting orders from customers. How do i amend my 2011 tax return The orders must be for merchandise for resale or supplies for use in the customer's business. How do i amend my 2011 tax return The customers must be retailers, wholesalers, contractors, or operators of hotels, restaurants, or other businesses dealing with food or lodging. How do i amend my 2011 tax return Tests. How do i amend my 2011 tax return   Withhold social security and Medicare taxes from statutory employees' wages if all three of the following tests apply. How do i amend my 2011 tax return The service contract states or implies that almost all of the services are to be performed personally by them. How do i amend my 2011 tax return They have little or no investment in the equipment and property used to perform the services (other than an investment in transportation facilities). How do i amend my 2011 tax return The services are performed on a continuing basis for the same payer. How do i amend my 2011 tax return Persons in a or d, earlier, are also employees for FUTA tax purposes if tests 1 through 3 are met (U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Virgin Islands only). How do i amend my 2011 tax return   Publication 15-A gives examples of the employer-employee relationship. How do i amend my 2011 tax return Statutory nonemployees. How do i amend my 2011 tax return   Certain direct sellers, qualified real estate agents, and certain companion sitters are, by law, considered nonemployees. How do i amend my 2011 tax return They are generally treated as self-employed for employment tax purposes. How do i amend my 2011 tax return See Publication 15-A for details. How do i amend my 2011 tax return H-2A agricultural workers. How do i amend my 2011 tax return   On Form W-2, do not check box 13 (Statutory employee) as H-2A workers are not statutory employees. How do i amend my 2011 tax return Treating employees as nonemployees. How do i amend my 2011 tax return   If you incorrectly treated an employee as a nonemployee and did not withhold social security and Medicare taxes, you will be liable for the taxes. How do i amend my 2011 tax return See Treating employees as nonemployees in section 2 of Publication 15 (Circular E), for details on Internal Revenue Code section 3509, which may apply. How do i amend my 2011 tax return IRS help. How do i amend my 2011 tax return   If you want the IRS to determine if a worker is an employee, file Form SS-8, Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding. How do i amend my 2011 tax return Voluntary Classification Settlement Program (VCSP). How do i amend my 2011 tax return   Employers who are currently treating their workers (or a class or group of workers) as independent contractors or other nonemployees and want to voluntarily reclassify their workers as employees for future tax periods may be eligible to participate in the VCSP if certain requirements are met. How do i amend my 2011 tax return To apply, use Form 8952, Application for Voluntary Classification Settlement Program (VCSP). How do i amend my 2011 tax return For more information, visit IRS. How do i amend my 2011 tax return gov and enter “VCSP” in the search box. How do i amend my 2011 tax return Business Owned and Operated by Spouses If you and your spouse jointly own and operate a business and share in the profits and losses, you are partners in a partnership, whether or not you have a formal partnership agreement. How do i amend my 2011 tax return See Publication 541, Partnerships, for more details. How do i amend my 2011 tax return The partnership is considered the employer of any employees, and is liable for any employment taxes due on wages paid to its employees. How do i amend my 2011 tax return Exception—Qualified Joint Venture. How do i amend my 2011 tax return   If you and your spouse materially participate as the only members of a jointly owned and operated business, and you file a joint Form 1040, U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Individual Income Tax Return, or joint Form 1040-SS, U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Self-Employment Tax Return—U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Virgin Islands, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, or Puerto Rico, you can make a joint election to be taxed as a qualified joint venture instead of a partnership. How do i amend my 2011 tax return See the Instructions for Schedule C (Form 1040) or the Instructions for Form 1040-SS. How do i amend my 2011 tax return Spouses electing qualified joint venture status are treated as sole proprietors for federal tax purposes. How do i amend my 2011 tax return Either of the sole proprietor spouses may report and pay the employment taxes due on wages paid to the employees, using the EIN of that spouse’s sole proprietorship. How do i amend my 2011 tax return For more information on qualified joint ventures, visit IRS. How do i amend my 2011 tax return gov and enter “qualified joint venture” in the search box. How do i amend my 2011 tax return Farm Crew Leaders You are an employer of farmworkers if you are a crew leader. How do i amend my 2011 tax return A crew leader is a person who furnishes and pays (either on his or her own behalf or on behalf of the farm operator) workers to do farmwork for the farm operator. How do i amend my 2011 tax return If there is no written agreement between you and the farm operator stating that you are his or her employee, and if you pay the workers (either for yourself or for the farm operator), then you are a crew leader. How do i amend my 2011 tax return 3. How do i amend my 2011 tax return Employee's Social Security Number (SSN) An employee's social security number (SSN) consists of nine digits separated as follows: 000-00-0000. How do i amend my 2011 tax return You must get each employee's name and SSN and enter them on Form W-2AS, W-2CM, W-2GU, or W-2VI. How do i amend my 2011 tax return If you do not report the employee's correct name and SSN, you may owe a penalty unless you have reasonable cause. How do i amend my 2011 tax return See Publication 1586, Reasonable Cause Regulations and Requirements for Missing and Incorrect Name/TINs, for information on the requirement to solicit the employee's SSN. How do i amend my 2011 tax return Employee's social security card. How do i amend my 2011 tax return   You should ask the employee to show you his or her social security card. How do i amend my 2011 tax return The employee may show the card if it is available. How do i amend my 2011 tax return Do not accept a social security card that says “Not valid for employment. How do i amend my 2011 tax return ” A social security number issued with this legend does not permit employment. How do i amend my 2011 tax return You may, but you are not required to, photocopy the social security card if the employee provides it. How do i amend my 2011 tax return If an employee does not have a social security card or needs a new one, the employee should apply for one on Form SS-5 and submit the necessary documentation. How do i amend my 2011 tax return The employee must complete and sign Form SS-5; it cannot be filed by the employer. How do i amend my 2011 tax return You may be asked to supply a letter to accompany Form SS-5 if the employee has exceeded his or her yearly or lifetime limit for the number of replacement cards allowed. How do i amend my 2011 tax return If your employee has applied for an SSN but has not received the card before you must file your Form W-2 reports, and you are filing your reports on paper, enter “Applied For” in box d. How do i amend my 2011 tax return Enter all zeroes in the SSN field if filing electronically. How do i amend my 2011 tax return When the employee receives the SSN, file Copy A of Form W-2c with SSA to show the employee's SSN. How do i amend my 2011 tax return Correctly record the employee's name and SSN. How do i amend my 2011 tax return   Record the name and number of each employee as they appear on his or her social security card. How do i amend my 2011 tax return If the name is not correct as shown on the card (for example, because of marriage or divorce), the employee should request a corrected card from the SSA. How do i amend my 2011 tax return Continue to use the old name until the employee shows you the replacement social security card with the corrected name. How do i amend my 2011 tax return   If the SSA issues the employee a replacement card after a name change, or a new card with a different social security number after a change in alien work status, file a Form W-2c to correct the name/SSN reported on the most recently filed Form W-2AS, W-2CM, W-2GU, or W-2VI. How do i amend my 2011 tax return It is not necessary to correct other years if the previous name and SSN were used for years before the most recent Form W-2. How do i amend my 2011 tax return Where to get and file social security number application forms. How do i amend my 2011 tax return    U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Virgin Islands—U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Social Security Administration, 8000 Nisky Center, First Floor, Suite 2, St. How do i amend my 2011 tax return Thomas, VI 00802. How do i amend my 2011 tax return  Guam—U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Social Security Administration, 655 Harmon Loop Road, Suite 300, Dededo, GU 96929. How do i amend my 2011 tax return  American Samoa—U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Social Security Administration, Pago Plaza, Suite 117, Pago Pago, AS 96799. How do i amend my 2011 tax return  Commonwealth of the Northern Mariana Islands—U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Social Security Administration, MH Building, Suite 201, Saipan, MP 96950. How do i amend my 2011 tax return Verification of social security numbers. How do i amend my 2011 tax return   Employers and authorized reporting agents can use the Social Security Number Verification Service (SSNVS) to instantly verify up to 10 names and SSNs (per screen) at a time, or submit an electronic file of up to 250,000 names and SSNs and usually receive the results the next business day. How do i amend my 2011 tax return Visit www. How do i amend my 2011 tax return socialsecurity. How do i amend my 2011 tax return gov/employer/ssnv. How do i amend my 2011 tax return htm for more information. How do i amend my 2011 tax return Registering for SSNVS. How do i amend my 2011 tax return   You must register online and receive authorization from your employer to use SSNVS. How do i amend my 2011 tax return To register, visit SSA's website at www. How do i amend my 2011 tax return ssa. How do i amend my 2011 tax return gov/employer and click on the Business Services Online link. How do i amend my 2011 tax return Follow the registration instructions to obtain a user identification (ID) and password. How do i amend my 2011 tax return You will need to provide the following information about yourself and your company. How do i amend my 2011 tax return Name. How do i amend my 2011 tax return SSN. How do i amend my 2011 tax return Date of birth. How do i amend my 2011 tax return Type of employer. How do i amend my 2011 tax return EIN. How do i amend my 2011 tax return Company name, address, and telephone number. How do i amend my 2011 tax return Email address. How do i amend my 2011 tax return   When you have completed the online registration process, SSA will mail a one-time activation code to your employer. How do i amend my 2011 tax return You must enter the activation code online to use SSNVS. How do i amend my 2011 tax return 4. How do i amend my 2011 tax return Wages and Other Compensation Generally, all wages are subject to social security and Medicare tax (and FUTA tax for U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Virgin Islands employers). How do i amend my 2011 tax return However, wages subject to social security tax and FUTA tax are limited by a wage base amount that you pay to each employee for the year. How do i amend my 2011 tax return The wage base for social security tax is $117,000 for 2014. How do i amend my 2011 tax return After you pay $117,000 to an employee in 2014, including tips, do not withhold social security tax on any amount that you later pay to the employee for the year. How do i amend my 2011 tax return The wage base for FUTA tax is $7,000 for 2014. How do i amend my 2011 tax return All wages are subject to Medicare tax. How do i amend my 2011 tax return The wages may be in cash or in other forms, such as an automobile for personal use. How do i amend my 2011 tax return Wages include salaries, vacation allowances, bonuses, commissions, and fringe benefits. How do i amend my 2011 tax return It does not matter how payments are measured or paid. How do i amend my 2011 tax return See the table in section 12 for exceptions to social security, Medicare, and FUTA taxes on wages. How do i amend my 2011 tax return See section 5 and section 6 for a discussion of how the rules apply to tips and farmworkers. How do i amend my 2011 tax return Social security and Medicare taxes apply to most payments of sick pay, including payments by third parties such as insurance companies. How do i amend my 2011 tax return Special rules apply to the reporting of third-party sick pay. How do i amend my 2011 tax return For details, see Publication 15-A. How do i amend my 2011 tax return Determine the value of noncash pay (such as goods, lodging, and meals) by its fair market value. How do i amend my 2011 tax return However, see Fringe Benefits , later in this section. How do i amend my 2011 tax return Except for farmworkers and household employees, this kind of pay may be subject to social security, Medicare, and FUTA taxes. How do i amend my 2011 tax return Back pay, including retroactive wage increases (but not amounts paid as liquidated damages), is taxed as ordinary wages in the year paid. How do i amend my 2011 tax return For information on reporting back pay to the Social Security Administration, see Publication 957, Reporting Back Pay and Special Wage Payments to the Social Security Administration. How do i amend my 2011 tax return Travel and business expenses. How do i amend my 2011 tax return   Payments to your employee for travel and other necessary expenses of your business generally are included in taxable wages if (a) your employee is not required to or does not substantiate timely those expenses to you with receipts or other documentation, or (b) you advance an amount to your employee for business expenses and your employee is not required to or does not return timely any amount that he or she does not substantiate. How do i amend my 2011 tax return Sick pay. How do i amend my 2011 tax return   In general, sick pay is any amount that you pay, under a plan that you take part in, to an employee because of sickness or injury. How do i amend my 2011 tax return These amounts are sometimes paid by a third party, such as an insurance company. How do i amend my 2011 tax return In either case, these payments are subject to social security and Medicare taxes (and FUTA tax for U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Virgin Islands employers). How do i amend my 2011 tax return Sick pay becomes exempt from these taxes after the end of 6 calendar months after the calendar month the employee last worked for the employer. How do i amend my 2011 tax return Publication 15-A explains the employment tax rules that apply to sick pay, disability benefits, and similar payments to employees. How do i amend my 2011 tax return Fringe Benefits Generally, fringe benefits are includible in the gross income of an employee and are subject to employment taxes. How do i amend my 2011 tax return Examples of fringe benefits include the use of an automobile, aircraft flights that you provide, free or discounted commercial airline flights, vacations, discounts on property or services, memberships in country clubs or other social clubs, and tickets to entertainment or sporting events. How do i amend my 2011 tax return In general, the amount included in the employee's income is the excess of the fair market value of the benefit over the sum of any amount paid for it by the employee and any amount excluded by law. How do i amend my 2011 tax return For more information, see Publication 15-B, Employer's Tax Guide to Fringe Benefits. How do i amend my 2011 tax return When fringe benefits are treated as paid. How do i amend my 2011 tax return   You can choose to treat certain noncash fringe benefits (including personal use of an automobile provided by you) as paid by the pay period, quarter, or on any other basis that you choose, but they must be treated as paid at least annually. How do i amend my 2011 tax return You do not have to make a formal choice of payment dates or notify the IRS. How do i amend my 2011 tax return You do not have to use the same basis for all employees. How do i amend my 2011 tax return You may change methods as often as you like, as long as all benefits provided in a calendar year are treated as paid no later than December 31 of the calendar year. How do i amend my 2011 tax return However, see Special accounting rule for fringe benefits provided during November and December , later in this section. How do i amend my 2011 tax return   You can treat the value of a single taxable noncash fringe benefit as paid on one or more dates in the same calendar year, even if the employee gets the entire benefit at one time. How do i amend my 2011 tax return However, once you elect the payment dates, you must report the taxes on your return in the same tax period in which you treated them as paid. How do i amend my 2011 tax return This election does not apply to a fringe benefit where real property or investment personal property is transferred. How do i amend my 2011 tax return Withholding social security and Medicare taxes on fringe benefits. How do i amend my 2011 tax return   You add the value of fringe benefits to regular wages for a payroll period and figure social security and Medicare taxes on the total. How do i amend my 2011 tax return   If you withhold less than the required amount of social security and Medicare taxes from the employee in a calendar year but report and pay the proper amount, you may recover the taxes from the employee. How do i amend my 2011 tax return Depositing taxes on fringe benefits. How do i amend my 2011 tax return   Once you choose payment dates for taxable noncash fringe benefits, you must deposit taxes in the same deposit period that you treat the fringe benefits as paid. How do i amend my 2011 tax return You may make a reasonable estimate of the value of the fringe benefits. How do i amend my 2011 tax return In general, the value of taxable noncash fringe benefits provided in a calendar year must be determined by January 31 of the following year. How do i amend my 2011 tax return   You may claim a refund of overpayments or elect to have any overpayment applied to the next employment tax return. How do i amend my 2011 tax return If deposits are underpaid, see Deposit Penalties in section 8. How do i amend my 2011 tax return Valuation of vehicles provided to employees. How do i amend my 2011 tax return    If you provide a vehicle to your employees, you may either determine the actual value of the benefit for the entire calendar year, taking into account the business use of the vehicle, or consider the entire use for the calendar year as personal and include 100% of the value of the vehicle in the employee's income. How do i amend my 2011 tax return For reporting information to employees, see the box 14 instructions in the General Instructions for Forms W-2 and W-3. How do i amend my 2011 tax return Special accounting rule for fringe benefits provided during November and December. How do i amend my 2011 tax return   You may choose to treat the value of taxable noncash fringe benefits provided during November and December as paid in the next year. How do i amend my 2011 tax return However, this applies only to those benefits that you actually provided during November and December, not to those you merely treated as paid during those months. How do i amend my 2011 tax return   If you use this rule, you must notify each affected employee between the time of the employee's last paycheck of the calendar year and at or near the time that you give the employee Form W-2AS, W-2CM, W-2GU, or W-2VI. How do i amend my 2011 tax return If you use the special accounting rule, your employee must also use it for the same period that you use it. How do i amend my 2011 tax return You cannot use this rule for a fringe benefit of real property or tangible or intangible real property of a kind normally held for investment that is transferred to your employee. How do i amend my 2011 tax return 5. How do i amend my 2011 tax return Tips Tips that your employee receives from customers are generally subject to social security and Medicare withholding. How do i amend my 2011 tax return Your employee must report cash tips to you by the 10th of the month after the month that the tips are received. How do i amend my 2011 tax return The report should include tips you paid over to the employee for charge customers, tips the employee received directly from customers, and tips received from other employees under any tip-sharing arrangement. How do i amend my 2011 tax return Both directly and indirectly tipped employees must report tips to you. How do i amend my 2011 tax return The report should not include tips that the employee paid out to other employees. How do i amend my 2011 tax return No report is required for months when tips are less than $20. How do i amend my 2011 tax return Your employees report tips on Form 4070, Employee's Report of Tips to Employer, or on a similar statement. How do i amend my 2011 tax return They may also use Form 4070A, Employee's Daily Record of Tips, to keep a record of their tips. How do i amend my 2011 tax return Both forms are included in Publication 1244, Employee's Daily Record of Tips and Report to Employer, available at IRS. How do i amend my 2011 tax return gov. How do i amend my 2011 tax return The statement must be signed by the employee and must include: The employee's name, address, and SSN, Your name and address, The month or period that the report covers, and The total tips received during the month or period. How do i amend my 2011 tax return You are permitted to establish a system for electronic tip reporting by employees. How do i amend my 2011 tax return See Regulations section 31. How do i amend my 2011 tax return 6053-1(d). How do i amend my 2011 tax return Collecting taxes on tips. How do i amend my 2011 tax return   You must collect the employee social security and Medicare taxes on the employee's tips. How do i amend my 2011 tax return You can also collect these taxes from the employee's wages or from other funds that he or she makes available. How do i amend my 2011 tax return Stop collecting the employee social security tax when his or her total wages and tips for 2014 reach $117,000. How do i amend my 2011 tax return Collect the employee Medicare tax for the whole year on all wages and tips. How do i amend my 2011 tax return   You are responsible for the employer social security tax on wages and tips until the wages (including tips) reach the wage base limit. How do i amend my 2011 tax return You are responsible for the employer Medicare tax for the whole year on all wages and tips. How do i amend my 2011 tax return File Form 941-SS (or Form 944) to report withholding and employer taxes on tips. How do i amend my 2011 tax return The withholding rules for withholding an employee's share of Medicare tax on tips also apply to withholding the Additional Medicare Tax once wages and tips exceed $200,000 in the calendar year. How do i amend my 2011 tax return Ordering rule. How do i amend my 2011 tax return   If, by the 10th of the month after the month you received an employee's report on tips, you do not have enough employee funds available to deduct the employee social security and Medicare tax on tips, you no longer have to collect it and are not liable for it. How do i amend my 2011 tax return Reporting tips. How do i amend my 2011 tax return   Report tips and any collected and uncollected social security in boxes 1, 5, 7, and 12 on Forms W-2AS, W-2CM, W-2GU, or W-2VI and on Form 941-SS, lines 5b, 5c, and 5d (Form 944, lines 4b, 4c, and 4d). How do i amend my 2011 tax return Do not include any uncollected Additional Medicare Tax in box 12 of Form W-2. How do i amend my 2011 tax return Report an adjustment on Form 941-SS, line 9 (Form 944, line 6), for the uncollected social security and Medicare taxes. How do i amend my 2011 tax return The table in section 12 shows how tips are treated for FUTA tax purposes. How do i amend my 2011 tax return   Revenue Ruling 2012-18 provides guidance for employers regarding social security and Medicare taxes imposed on tips, including information on the reporting of the employer share of social security and Medicare taxes under section 3121(q), the difference between tips and service charges, and the section 45B credit. How do i amend my 2011 tax return See Revenue Ruling 2012-18, 2012-26 I. How do i amend my 2011 tax return R. How do i amend my 2011 tax return B. How do i amend my 2011 tax return 1032, available at www. How do i amend my 2011 tax return irs. How do i amend my 2011 tax return gov/irb/2012-26_IRB/ar07. How do i amend my 2011 tax return html. How do i amend my 2011 tax return 6. How do i amend my 2011 tax return Social Security and Medicare Taxes for Farmworkers The tests described below apply only to services that are defined as agricultural labor (farmwork). How do i amend my 2011 tax return In general, you are an employer of farmworkers if your employees: Raise or harvest agricultural or horticultural products on your farm (including the raising and feeding of livestock); Work in connection with the operation, management, conservation, improvement, or maintenance of your farm and its tools and equipment; Provide services relating to salvaging timber, or clearing land of brush and other debris, left by a hurricane (also known as hurricane labor); Handle, process, or package any agricultural or horticultural commodity if you produced over half of the commodity (for a group of up to 20 unincorporated operators, all of the commodity); or Do work for you related to cotton ginning, turpentine, gum resin products, or the operation and maintenance of irrigation facilities. How do i amend my 2011 tax return For this purpose, the term “farm” includes stock, dairy, poultry, fruit, fur-bearing animal, and truck farms, as well as plantations, ranches, nurseries, ranges, greenhouses or other similar structures used primarily for the raising of agricultural or horticultural commodities, and orchards. How do i amend my 2011 tax return Farmwork does not include reselling activities that do not involve any substantial activity of raising agricultural or horticultural commodities, such as a retail store or a greenhouse used primarily for display or storage. How do i amend my 2011 tax return A “share farmer” working for you is not your employee. How do i amend my 2011 tax return However, the share farmer may be subject to self-employment tax. How do i amend my 2011 tax return In general, share farming is an arrangement in which certain commodity products are shared between the farmer and the owner (or tenant) of the land. How do i amend my 2011 tax return For details, see Regulations section 31. How do i amend my 2011 tax return 3121(b)(16)-1. How do i amend my 2011 tax return The $150 Test or the $2,500 Test All cash wages that you pay to any employee for farmwork are subject to social security and Medicare taxes if either of the following two tests is met. How do i amend my 2011 tax return You pay cash wages to the employee of $150 or more in a year (count all cash wages paid on a time, piecework, or other basis) for farmwork. How do i amend my 2011 tax return The $150 test applies separately to each farmworker that you employ. How do i amend my 2011 tax return If you employ a family of workers, each member is treated separately. How do i amend my 2011 tax return Do not count wages paid by other employers. How do i amend my 2011 tax return The total that you pay for farmwork (cash and noncash) to all of your employees is $2,500 or more during the year. How do i amend my 2011 tax return Exceptions. How do i amend my 2011 tax return   The $150 and $2,500 tests do not apply to wages that you pay to a farmworker who receives less than $150 in annual cash wages and the wages are not subject to social security and Medicare taxes even if you pay $2,500 or more in that year to all of your farmworkers if the farmworker: Is employed in agriculture as a hand-harvest laborer, Is paid piece rates in an operation that is usually paid on a piece-rate basis in the region of employment, Commutes daily from his or her home to the farm, and Had been employed in agriculture less than 13 weeks in the preceding calendar year. How do i amend my 2011 tax return   Amounts that you pay to these seasonal farmworkers, however, count toward the $2,500-or-more test to determine whether wages that you pay to other farmworkers are subject to social security and Medicare taxes. How do i amend my 2011 tax return 7. How do i amend my 2011 tax return How To Figure Social Security and Medicare Taxes The tax rate for social security is 6. How do i amend my 2011 tax return 2% (amount withheld) each for the employer and employee (12. How do i amend my 2011 tax return 4% total). How do i amend my 2011 tax return The social security wage base limit is $117,000. How do i amend my 2011 tax return The tax rate for Medicare is 1. How do i amend my 2011 tax return 45% (amount withheld) each for the employee and employer (2. How do i amend my 2011 tax return 9% total). How do i amend my 2011 tax return There is no wage base limit for Medicare tax; all covered wages are subject to Medicare tax. How do i amend my 2011 tax return Multiply each wage payment by these percentages to figure the tax to withhold from employees. How do i amend my 2011 tax return Employers report both the employee and employer shares on Forms 941-SS, 944, or Form 943 (farm employment). How do i amend my 2011 tax return See section 5 for information on tips. How do i amend my 2011 tax return Additional Medicare Tax withholding. How do i amend my 2011 tax return   In addition to withholding Medicare tax at 1. How do i amend my 2011 tax return 45%, you must withhold a 0. How do i amend my 2011 tax return 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. How do i amend my 2011 tax return 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. How do i amend my 2011 tax return Additional Medicare Tax is only imposed on the employee. How do i amend my 2011 tax return There is no employer share of Additional Medicare Tax. How do i amend my 2011 tax return 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. How do i amend my 2011 tax return   For more information on what wages are subject to Medicare tax, see the chart Special Rules for Various Types of Employment and Payments in section 12. How do i amend my 2011 tax return For more information on Additional Medicare Tax, visit IRS. How do i amend my 2011 tax return gov and enter “Additional Medicare Tax” in the search box. How do i amend my 2011 tax return Deducting the tax. How do i amend my 2011 tax return   Deduct the employee tax from each wage payment. How do i amend my 2011 tax return If you are not sure that the wages that you pay to a farmworker during the year will be taxable, you may either deduct the tax when you make the payments or wait until the $2,500 test or the $150 test explained in section 6 has been met. How do i amend my 2011 tax return Employee's portion of taxes paid by employer. How do i amend my 2011 tax return   If you pay your employee's social security and Medicare taxes without deducting them from the employee's pay, you must include the amount of the payments in the employee's wages for social security and Medicare taxes. How do i amend my 2011 tax return This increase in the employee's wage payment for your payment of the employee's social security and Medicare taxes is also subject to employee social security and Medicare taxes. How do i amend my 2011 tax return This again increases the amount of the additional taxes that you must pay. How do i amend my 2011 tax return Household and agricultural employers. How do i amend my 2011 tax return   This discussion does not apply to household and agricultural employers. How do i amend my 2011 tax return If you pay a household or agricultural employee's social security and Medicare taxes, these payments must be included in the employee's wages. How do i amend my 2011 tax return However, this wage increase due to the tax payments is not subject to social security or Medicare taxes as discussed in this section. How do i amend my 2011 tax return See Publication 15-A for details. How do i amend my 2011 tax return Sick pay payments. How do i amend my 2011 tax return   Social security and Medicare taxes apply to most payments of sick pay, including payments made by third parties such as insurance companies. How do i amend my 2011 tax return For details on third-party payers of sick pay, see Publication 15-A. How do i amend my 2011 tax return 8. How do i amend my 2011 tax return Depositing Taxes You must deposit social security and Medicare taxes if your tax liability (Form 941-SS, line 10; Form 944, line 7; or Form 943, line 11) is $2,500 or more for the tax return period. How do i amend my 2011 tax return You must make the deposit by electronic funds transfer. How do i amend my 2011 tax return For more information about electronic funds transfers, see How To Deposit , later in this section. How do i amend my 2011 tax return Payment with Return $2,500 rule. How do i amend my 2011 tax return   Instead of making deposits during the current quarter, you can pay your total Form 941-SS tax liability when you timely file Form 941-SS if: Your total Form 941-SS tax liability for either the current quarter or the preceding quarter is less than $2,500 and You do not incur a $100,000 next-day deposit obligation during the current quarter. How do i amend my 2011 tax return   If you are not sure your total liability for the current quarter will be less than $2,500, (and your liability for the preceding quarter was not less than $2,500), make deposits using the semiweekly or monthly rules so you won't be subject to failure to deposit penalties. How do i amend my 2011 tax return Employers who have been notified to file Form 944 can pay their tax liability due for the fourth quarter with Form 944, if their fourth quarter tax liability is less than $2,500. How do i amend my 2011 tax return Employers must have deposited any tax liability due for the first, second, and third quarters, according to the deposit rules, in order to avoid failure-to-deposit penalties for deposits due during those quarters. How do i amend my 2011 tax return Only monthly schedule depositors are allowed to make an Accuracy of Deposits Rule payment with the return. How do i amend my 2011 tax return Semiweekly schedule depositors must timely deposit the amount. How do i amend my 2011 tax return See Accuracy of Deposits Rule and How To Deposit, later in this section. How do i amend my 2011 tax return When To Deposit Under the rules discussed below, the only difference between farm and nonfarm workers' employment tax deposit rules is the lookback period. How do i amend my 2011 tax return Therefore, farm and nonfarm workers are discussed together except where noted. How do i amend my 2011 tax return Depending on your total taxes reported during a lookback period (discussed later), you are either a monthly schedule depositor or a semiweekly schedule depositor. How do i amend my 2011 tax return The terms “monthly schedule depositor” and “semiweekly schedule depositor” do not refer to how often you pay your employees or how often you are required to make deposits. How do i amend my 2011 tax return The terms identify which set of rules that you must follow when a tax liability arises (for example, when you have a payday). How do i amend my 2011 tax return You will need to determine your deposit schedule for a calendar year based on the total employment taxes reported on Forms 941-SS, line 10; Form 944, line 7; or Form 943, line 9, for your lookback period (defined below). How do i amend my 2011 tax return If you filed both Forms 941-SS and 941 during the lookback period, combine the tax liabilities for these returns for purposes of determining your deposit schedule. How do i amend my 2011 tax return Determine your deposit schedule for Form 943 separately from Forms 941-SS and 941. How do i amend my 2011 tax return Lookback period for employers of nonfarm workers. How do i amend my 2011 tax return   The lookback period for Form 941-SS (or Form 941) consists of four quarters beginning July 1 of the second preceding year and ending June 30 of the prior year. How do i amend my 2011 tax return These four quarters are your lookback period even if you did not report any taxes for any of the quarters. How do i amend my 2011 tax return For 2014, the lookback period is July 1, 2012, through June 30, 2013. How do i amend my 2011 tax return    Table 1. How do i amend my 2011 tax return Lookback Period for Calendar Year 2014 Lookback Period July 1, 2012 Oct. How do i amend my 2011 tax return 1, 2012 Jan. How do i amend my 2011 tax return 1, 2013 Apr. How do i amend my 2011 tax return 1, 2013 through through through through Sep. How do i amend my 2011 tax return 30, 2012 Dec. How do i amend my 2011 tax return 31, 2012 Mar. How do i amend my 2011 tax return 31, 2013 June 30, 2013    The lookback period for Form 944 is the second calendar year preceding the current calendar year. How do i amend my 2011 tax return For example, the lookback period for calendar year 2014 is calendar year 2012. How do i amend my 2011 tax return In addition, for employers who filed Form 944 for 2012 or for 2013 and will file Form 941-SS (or Form 941) for 2014, the lookback period for 2014 is the second calendar year preceding the current calendar year, that is, 2012. How do i amend my 2011 tax return Lookback period for employers of farmworkers. How do i amend my 2011 tax return   The lookback period for Form 943 is the second calendar year preceding the current calendar year. How do i amend my 2011 tax return The lookback period for calendar year 2014 is calendar year 2012. How do i amend my 2011 tax return Adjustments to lookback period taxes. How do i amend my 2011 tax return   To determine your taxes for the lookback period, use only the tax that you reported on the original returns (Forms 941-SS, 943, or 944). How do i amend my 2011 tax return Do not include any adjustments shown on Form 941-X, 943-X, or 944-X. How do i amend my 2011 tax return Example. How do i amend my 2011 tax return   An employer originally reported total taxes of $45,000 for the lookback period. How do i amend my 2011 tax return The employer discovered during January 2014 that the tax reported during the lookback period was understated by $10,000 and corrected this error by filing Form 941-X. How do i amend my 2011 tax return The employer is a monthly schedule depositor for 2014 because the lookback period tax liabilities are based on the amounts originally reported, and they were $50,000 or less. How do i amend my 2011 tax return Deposit Period The term “deposit period” refers to the period during which tax liabilities are accumulated for each required deposit due date. How do i amend my 2011 tax return For monthly schedule depositors, the deposit period is a calendar month. How do i amend my 2011 tax return The deposit periods for semiweekly schedule depositors are Wednesday through Friday and Saturday through Tuesday. How do i amend my 2011 tax return Monthly Deposit Schedule If your total tax reported for the lookback period is $50,000 or less, you are a monthly schedule depositor for the current year. How do i amend my 2011 tax return You must deposit taxes on wage payments made during a calendar month by the 15th day of the following month. How do i amend my 2011 tax return New employers. How do i amend my 2011 tax return   Your tax liability for any quarter in the lookback period before the date you started or acquired your business is considered to be zero. How do i amend my 2011 tax return Therefore, you are a monthly schedule depositor for the first calendar year of your business (but see the $100,000 Next-Day Deposit Rule , later in this section). How do i amend my 2011 tax return Semiweekly Deposit Schedule If your total tax reported for the lookback period is more than $50,000, you are a semiweekly schedule depositor for the current year. How do i amend my 2011 tax return If you are a semiweekly schedule depositor, you must deposit on Wednesday and/or Friday, depending on what day of the week that you make wage payments, as follows. How do i amend my 2011 tax return Deposit taxes on wage payments made on Wednesday, Thursday, and/or Friday by the following Wednesday. How do i amend my 2011 tax return Deposit taxes on wage payments made on Saturday, Sunday, Monday, and/or Tuesday by the following Friday. How do i amend my 2011 tax return Semiweekly depositors are generally not required to deposit twice a week if their payments were in the same semiweekly period unless the $100,000 Next-Day Deposit Rule , discussed later in this section, applies. How do i amend my 2011 tax return For example, if you made a payment on both Wednesday and Friday and incurred taxes of $10,000 for each pay date, deposit the $20,000 on the following Wednesday. How do i amend my 2011 tax return If you made no additional payments on Saturday through Tuesday, no deposit is due on Friday. How do i amend my 2011 tax return Semiweekly deposit period spanning two quarters. How do i amend my 2011 tax return   If you have more than one pay date during a semiweekly period and the pay dates fall in different calendar quarters, you will need to make separate deposits for the separate liabilities. How do i amend my 2011 tax return Example. How do i amend my 2011 tax return   If you have a pay date on Monday, March 31, 2014 (first quarter), and another pay date on Tuesday, April 1, 2014 (second quarter), two separate deposits will be required even though the pay dates fall within the same semiweekly period. How do i amend my 2011 tax return Both deposits will be due on Friday, April 4, 2014 (3 business days from the end of the semiweekly deposit period). How do i amend my 2011 tax return Examples of Monthly and Semiweekly Schedules Employers of nonfarm workers. How do i amend my 2011 tax return   Rose Co. How do i amend my 2011 tax return reported Form 941-SS taxes as follows: 2013 Lookback Period 3rd Quarter 2011 $12,000 4th Quarter 2011 12,000 1st Quarter 2012 12,000 2nd Quarter 2012 12,000   $48,000 2014 Lookback Period 3rd Quarter 2012 $12,000 4th Quarter 2012 12,000 1st Quarter 2013 12,000 2nd Quarter 2013 15,000   $51,000 Rose Co. How do i amend my 2011 tax return is a monthly schedule depositor for 2013 because its taxes for the four quarters in its lookback period ($48,000 for the 3rd quarter of 2011 through the 2nd quarter of 2012) were not more than $50,000. How do i amend my 2011 tax return However, for 2014, Rose Co. How do i amend my 2011 tax return is a semiweekly schedule depositor because the total taxes for the four quarters in its lookback period ($51,000 for the 3rd quarter of 2012 through the 2nd quarter of 2013) exceeded $50,000. How do i amend my 2011 tax return Employers of farmworkers. How do i amend my 2011 tax return   Red Co. How do i amend my 2011 tax return reported taxes on its 2012 Form 943, line 9, of $48,000. How do i amend my 2011 tax return On its 2013 Form 943, line 11, it reported taxes of $60,000. How do i amend my 2011 tax return   Red Co. How do i amend my 2011 tax return is a monthly schedule depositor for 2014 because its taxes for its lookback period ($48,000 for calendar year 2012) were not more than $50,000. How do i amend my 2011 tax return However, for 2015, Red Co. How do i amend my 2011 tax return is a semiweekly schedule depositor because the total taxes for its lookback period ($60,000 for calendar year 2013) exceeded $50,000. How do i amend my 2011 tax return New agricultural employers. How do i amend my 2011 tax return   New agricultural employers filing Form 943 are monthly schedule depositors for the first and second calendar years of their business because their taxes for the lookback period (2 years) are considered to be zero. How do i amend my 2011 tax return However, see the $100,000 Next-Day Deposit Rule , later in this section. How do i amend my 2011 tax return Deposits on Business Days Only If a deposit due date falls on a day that is not a business day, the deposit is considered timely if it is made by the close of the next business day. How do i amend my 2011 tax return A business day is any day other than a Saturday, Sunday, or legal holiday. How do i amend my 2011 tax return For example, if a deposit is required to be made on Friday, but Friday is a legal holiday, the deposit is considered timely if it is made by the following Monday (if Monday is a business day). How do i amend my 2011 tax return Semiweekly schedule depositors have at least 3 business days to make a deposit. How do i amend my 2011 tax return If any of the 3 weekdays after the end of a semiweekly period is a legal holiday, you will have an additional day for each day that is a legal holiday to make the required deposit. How do i amend my 2011 tax return For example, if a semiweekly schedule depositor accumulated taxes for payments made on Friday and the following Monday is a legal holiday, the deposit normally due on Wednesday may be made on Thursday (this allows 3 business days to make the deposit). How do i amend my 2011 tax return Legal holiday. How do i amend my 2011 tax return   The term “legal holiday” means any legal holiday in the District of Columbia. How do i amend my 2011 tax return Legal holidays for 2014 are listed below. How do i amend my 2011 tax return January 1—New Year's Day January 20—Birthday of Martin Luther King, Jr. How do i amend my 2011 tax return February 17—Washington's Birthday April 16—District of Columbia Emancipation Day May 26—Memorial Day July 4—Independence Day September 1—Labor Day October 13—Columbus Day November 11—Veterans Day November 27—Thanksgiving Day December 25—Christmas Day Application of Monthly and Semiweekly Schedules The following examples illustrate the procedure for determining the deposit date under the two different deposit schedules. How do i amend my 2011 tax return Monthly schedule example. How do i amend my 2011 tax return   Spruce Co. How do i amend my 2011 tax return is a monthly schedule depositor with seasonal employees. How do i amend my 2011 tax return It paid wages each Friday during August but did not pay any wages during September. How do i amend my 2011 tax return Under the monthly deposit schedule, Spruce Co. How do i amend my 2011 tax return must deposit the combined tax liabilities for the four August paydays by September 15. How do i amend my 2011 tax return Spruce Co. How do i amend my 2011 tax return does not have a deposit requirement for September (due by October 15) because no wages were paid and, therefore, it did not have a tax liability for September. How do i amend my 2011 tax return Semiweekly schedule example. How do i amend my 2011 tax return   Green, Inc. How do i amend my 2011 tax return is a semiweekly schedule depositor and pays wages once each month on the last Friday of the month. How do i amend my 2011 tax return Although Green, Inc. How do i amend my 2011 tax return , has a semiweekly deposit schedule, it will deposit just once a month because it pays wages only once a month. How do i amend my 2011 tax return The deposit, however, will be made under the semiweekly deposit schedule as follows: Green, Inc. How do i amend my 2011 tax return ’s tax liability for the April 25, 2014 (Friday), payday must be deposited by April 30, 2014 (Wednesday). How do i amend my 2011 tax return Under the semiweekly deposit schedule, liabilities for wages paid on Wednesday through Friday must be deposited by the following Wednesday. How do i amend my 2011 tax return $100,000 Next-Day Deposit Rule If you accumulate taxes of $100,000 or more on any day during a deposit period, you must deposit by the close of the next business day, whether you are a monthly or a semiweekly schedule depositor. How do i amend my 2011 tax return For purposes of the $100,000 rule, do not continue accumulating taxes after the end of a deposit period. How do i amend my 2011 tax return For example, if a semiweekly schedule depositor has accumulated taxes of $95,000 on Tuesday and $10,000 on Wednesday, the $100,000 next-day deposit rule does not apply because the $10,000 is accumulated in the next deposit period. How do i amend my 2011 tax return Thus, $95,000 must be deposited by Friday and $10,000 must be deposited by the following Wednesday. How do i amend my 2011 tax return However, once you accumulate at least $100,000 in a deposit period, stop accumulating at the end of that day and begin to accumulate anew on the next day. How do i amend my 2011 tax return For example, Fir Co. How do i amend my 2011 tax return is a semiweekly schedule depositor. How do i amend my 2011 tax return On Monday, Fir Co. How do i amend my 2011 tax return accumulates taxes of $110,000 and must deposit on Tuesday, the next business day. How do i amend my 2011 tax return On Tuesday, Fir Co. How do i amend my 2011 tax return accumulates additional taxes of $30,000. How do i amend my 2011 tax return Because the $30,000 is not added to the previous $110,000 and is less than $100,000, Fir Co. How do i amend my 2011 tax return does not have to deposit the $30,000 until Friday (following the semiweekly deposit schedule). How do i amend my 2011 tax return If you are a monthly schedule depositor and you accumulate a $100,000 tax liability on any day during a month, you become a semiweekly schedule depositor on the next day and remain so for the remainder of the calendar year and for the following calendar year. How do i amend my 2011 tax return Example. How do i amend my 2011 tax return   Elm, Inc. How do i amend my 2011 tax return started its business on May 1, 2014. How do i amend my 2011 tax return On May 8, it paid wages for the first time and accumulated a tax liability of $40,000. How do i amend my 2011 tax return On Friday, May 9, Elm, Inc. How do i amend my 2011 tax return paid wages and accumulated a liability of $60,000, making its accumulated Form 941-SS tax liability total $100,000. How do i amend my 2011 tax return Elm, Inc. How do i amend my 2011 tax return must deposit $100,000 by Monday, May 12, the next business day. How do i amend my 2011 tax return Because this was the first year of its business, the tax liability for its lookback period is considered to be zero, and it would be a monthly schedule depositor based on the lookback rules. How do i amend my 2011 tax return However, because Elm, Inc. How do i amend my 2011 tax return accumulated $100,000 on May 9, it became a semiweekly schedule depositor on May 10. How do i amend my 2011 tax return It will be a semiweekly schedule depositor for the remainder of 2014 and for 2015. How do i amend my 2011 tax return Accuracy of Deposits Rule You are required to deposit 100% of your tax liability on or before the deposit due date. How do i amend my 2011 tax return However, penalties will not be applied for depositing less than 100% if both of the following conditions are met. How do i amend my 2011 tax return Any deposit shortfall does not exceed the greater of $100 or 2% of the amount of taxes otherwise required to be deposited, and The deposit shortfall is paid or deposited by the shortfall makeup date as described below. How do i amend my 2011 tax return Makeup date for deposit shortfall: Monthly schedule depositor. How do i amend my 2011 tax return Deposit or pay the shortfall by the due date of your Form 941-SS, 944, or 943 for the period in which the shortfall occurred. How do i amend my 2011 tax return You may pay the shortfall with your return even if the amount is $2,500 or more. How do i amend my 2011 tax return Semiweekly schedule depositor. How do i amend my 2011 tax return Deposit by the earlier of: The first Wednesday or Friday (whichever comes first) that comes on or after the 15th of the month following the month in which the shortfall occurred, or The return due date for the period in which the shortfall occurred. How do i amend my 2011 tax return For example, if a semiweekly schedule depositor filing Form 941-SS has a deposit shortfall during July 2014, the shortfall makeup date is August 15, 2014 (Friday). How do i amend my 2011 tax return However, if the shortfall occurred on the required April 2 (Wednesday), deposit date for a March 28 (Friday) pay date, the return due date for the March 28 pay date (April 30) would come before the May 16 (Friday) shortfall makeup date. How do i amend my 2011 tax return In this case, the shortfall must be deposited by April 30, 2014. How do i amend my 2011 tax return Employers of Both Farm and Nonfarm Workers If you employ both farm and nonfarm workers, you must treat employment taxes for the farmworkers (Form 943 taxes) separately from employment taxes for the nonfarm workers (Form 941-SS or 944 taxes). How do i amend my 2011 tax return Form 943 taxes and Form 941-SS (or Form 944) taxes are not combined for purposes of applying any of the deposit rules. How do i amend my 2011 tax return If a deposit is due, deposit the Form 941-SS (or Form 944) taxes and Form 943 taxes separately, as discussed next. How do i amend my 2011 tax return How To Deposit You must deposit employment taxes by electronic funds transfer. How do i amend my 2011 tax return See Payment with Return , earlier in this section, for exceptions explaining when taxes may be paid with the tax return instead of being deposited. How do i amend my 2011 tax return Electronic deposit requirement. How do i amend my 2011 tax return   You must use electronic funds transfer to make all federal tax deposits (such as deposits of employment tax, excise tax, and corporate income tax). How do i amend my 2011 tax return Generally, electronic fund transfers are made using the Electronic Federal Tax Payment System (EFTPS). How do i amend my 2011 tax return If you do not want to use EFTPS, you can arrange for your tax professional, financial institution, payroll service, or other trusted third party to make electronic deposits on your behalf. How do i amend my 2011 tax return   EFTPS is a free service provided by the Department of the Treasury. How do i amend my 2011 tax return To get more information or to enroll in EFTPS, call 1-800-555-4477 (U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Virgin Islands only) or 303-967-5916 (toll call). How do i amend my 2011 tax return You can also visit the EFTPS website at www. How do i amend my 2011 tax return eftps. How do i amend my 2011 tax return gov. How do i amend my 2011 tax return Additional information about EFTPS is also available in Publication 966. How do i amend my 2011 tax return When you receive your EIN. How do i amend my 2011 tax return   If you are a new employer that indicated a federal tax obligation when requesting an EIN, you will be pre-enrolled in EFTPS. How do i amend my 2011 tax return You will receive information about Express Enrollment in your Employer Identification Number (EIN) Package and an additional mailing containing your EFTPS personal identification number (PIN) and instructions for activating your PIN. How do i amend my 2011 tax return Follow the steps in your “How to Activate Your Enrollment” brochure to activate your enrollment and begin making your payroll tax deposits. How do i amend my 2011 tax return If you outsource any of your payroll and related tax duties to a third party payer, such as a payroll service provider or reporting agent, be sure to tell them about your EFTPS enrollment. How do i amend my 2011 tax return Deposit record. How do i amend my 2011 tax return   For your records, an Electronic Funds Transfer (EFT) Trace Number will be provided with each successful payment. How do i amend my 2011 tax return The number can be used as a receipt or to trace the payment. How do i amend my 2011 tax return Depositing on time. How do i amend my 2011 tax return   For deposits made by EFTPS to be on time, you must initiate the deposit by 8 p. How do i amend my 2011 tax return m. How do i amend my 2011 tax return Eastern time the day before the date the deposit is due. How do i amend my 2011 tax return If you use a third party to make deposits on your behalf, they may have different cutoff times. How do i amend my 2011 tax return Same-day payment option. How do i amend my 2011 tax return   If you fail to initiate a deposit transaction on EFTPS by 8 p. How do i amend my 2011 tax return m. How do i amend my 2011 tax return Eastern time the day before the date a deposit is due, you can still make your deposit on time by using the Federal Tax Application (FTA). How do i amend my 2011 tax return To use the same-day payment method, you will need to make arrangements with your financial institution ahead of time. How do i amend my 2011 tax return Please check with your financial institution regarding availability, deadlines, and costs. How do i amend my 2011 tax return Your financial institution may charge you a fee for payments made this way. How do i amend my 2011 tax return To learn more about the information you will need to provide your financial institution to make a same-day wire payment, please visit www. How do i amend my 2011 tax return eftps. How do i amend my 2011 tax return gov to download the Same-Day Payment Worksheet. How do i amend my 2011 tax return How to claim credit for overpayments. How do i amend my 2011 tax return   If you deposited more than the right amount of taxes for a tax period, you can choose on Form 941-SS, 941, 944, or 943 for that tax period to have the overpayment refunded or applied as a credit to your next return. How do i amend my 2011 tax return Do not ask EFTPS to request a refund from the IRS for you. How do i amend my 2011 tax return Deposit Penalties Penalties may apply if you do not make required deposits on time or if you make deposits of less than the required amount. How do i amend my 2011 tax return The penalties do not apply if any failure to make a proper and timely deposit was due to reasonable cause and not to willful neglect. How do i amend my 2011 tax return The IRS may also waive penalties if you inadvertently fail to deposit in the first quarter that a deposit is due, or the first quarter during which your frequency of deposits changed, if you timely filed your employment tax return. How do i amend my 2011 tax return For amounts not properly or timely deposited, the penalty rates are as follows. How do i amend my 2011 tax return 2% - Deposits made 1 to 5 days late. How do i amend my 2011 tax return 5% - Deposits made 6 to 15 days late. How do i amend my 2011 tax return 10% - Deposits made 16 or more days late. How do i amend my 2011 tax return Also applies to amounts paid within 10 days of the date of the first notice that the IRS sent asking for the tax due. How do i amend my 2011 tax return 10% - Amounts (that should have been deposited) paid directly to the IRS or paid with your tax return (but see Payment with Return , earlier in this section, for exceptions). How do i amend my 2011 tax return 15% - Amounts still unpaid more than 10 days after the date of the first notice that the IRS sent asking for the tax due or the day on which you received notice and demand for immediate payment, whichever is earlier. How do i amend my 2011 tax return Late deposit penalty amounts are determined using calendar days, starting from the due date of the liability. How do i amend my 2011 tax return Special rule for former Form 944 filers. How do i amend my 2011 tax return    If you filed Form 944 for the prior year and must file Forms 941-SS for the current year because your employment tax liability for the prior year exceeded the Form 944 eligibility requirement ($1,000 or less), the failure-to-deposit penalty will not apply to a late deposit of employment taxes for the first month of the current year if the taxes are deposited in full by March 15 of the current year. How do i amend my 2011 tax return Order in which deposits are applied. How do i amend my 2011 tax return   Deposits generally are applied to the most recent tax liability within the return period (quarter or year). How do i amend my 2011 tax return However, if you receive a failure-to-deposit penalty notice, you may designate how your payment is to be applied in order to minimize the amount of the penalty, if you do so within 90 days of the date of the notice. How do i amend my 2011 tax return Follow the instructions on the penalty notice that you received. How do i amend my 2011 tax return For more information on designating deposits, see Revenue Procedure 2001-58. How do i amend my 2011 tax return You can find Revenue Procedure 2001-58 on page 579 of Internal Revenue Bulletin 2001-50 at www. How do i amend my 2011 tax return irs. How do i amend my 2011 tax return gov/pub/irs-irbs/irb01-50. How do i amend my 2011 tax return pdf. How do i amend my 2011 tax return Example. How do i amend my 2011 tax return Cedar, Inc. How do i amend my 2011 tax return is required to make a deposit of $1,000 on July 15 and $1,500 on August 15. How do i amend my 2011 tax return It does not make the deposit on July 15. How do i amend my 2011 tax return On August 15, Cedar, Inc. How do i amend my 2011 tax return deposits $2,000. How do i amend my 2011 tax return Under the deposits rule, which applies deposits to the most recent tax liability, $1,500 of the deposit is applied to the August 15 deposit and the remaining $500 is applied to the July deposit. How do i amend my 2011 tax return Accordingly, $500 of the July 15 liability remains undeposited. How do i amend my 2011 tax return The penalty on this underdeposit will apply as explained earlier. How do i amend my 2011 tax return Trust fund recovery penalty. How do i amend my 2011 tax return   If federal income, social security, or Medicare taxes that must be withheld are not withheld or are not deposited or paid to the United States Treasury, the trust fund recovery penalty may apply. How do i amend my 2011 tax return The penalty is the full amount of the unpaid trust fund tax. How do i amend my 2011 tax return This penalty may apply to you if these unpaid taxes cannot be immediately collected from the employer or business. How do i amend my 2011 tax return   The trust fund recovery penalty may be imposed on all persons who are determined by the IRS to be responsible for collecting, accounting for, and paying over these taxes, and who acted willfully in not doing so. How do i amend my 2011 tax return   A responsible person can be an officer or employee of a corporation, a partner or employee of a partnership, an accountant, a volunteer director/trustee, or an employee of a sole proprietorship, or any other person or entity that is responsible for collecting, accounting for, and paying over trust fund taxes. How do i amend my 2011 tax return A responsible person also may include one who signs checks for the business or otherwise has authority to cause the spending of business funds. How do i amend my 2011 tax return    Willfully means voluntarily, consciously, and intentionally. How do i amend my 2011 tax return A responsible person acts willfully if the person knows the required actions of collecting, accounting for or paying over trust fund taxes are not taking place, or recklessly disregards obvious and known risks to the government's right to receive trust fund taxes. How do i amend my 2011 tax return “Averaged” failure-to-deposit penalty. How do i amend my 2011 tax return   The IRS may assess an “averaged” failure-to-deposit (FTD) penalty of 2% to 10% if you are a monthly schedule depositor and did not properly complete Form 941-SS, line 14, when your tax liability shown on Form 941-SS, line 10, was $2,500 or more. How do i amend my 2011 tax return IRS may also assess this penalty of 2% to 10% if you are a semiweekly schedule depositor and your tax liability shown on Form 941-SS, line 10, was $2,500 or more and you did any of the following. How do i amend my 2011 tax return Completed Form 941-SS, line 14, instead of Schedule B (Form 941). How do i amend my 2011 tax return Failed to attach a properly completed Schedule B (Form 941). How do i amend my 2011 tax return Completed Schedule B (Form 941) incorrectly, for example, by entering tax deposits instead of tax liabilities in the numbered spaces. How do i amend my 2011 tax return   The IRS figures the penalty by allocating your total tax liability shown on Form 941-SS, line 10, equally throughout the tax period. How do i amend my 2011 tax return Your deposits and payments may not be counted as timely because IRS does not know the actual dates of your tax liabilities. How do i amend my 2011 tax return   You can avoid the penalty by reviewing your return before filing it. How do i amend my 2011 tax return Follow these steps before filing your Form 941-SS. How do i amend my 2011 tax return If you are a monthly schedule depositor, report your tax liabilities (not your deposits) in the monthly entry spaces on Form 941-SS, line 14. How do i amend my 2011 tax return If you are a semiweekly schedule depositor, report your tax liabilities (not your deposits) on Schedule B (Form 941) in the lines that represent the dates you paid your employees. How do i amend my 2011 tax return Verify that your total liability shown on Form 941-SS, line 14, or the bottom of Schedule B (Form 941) equals your tax liability shown on Form 941-SS,  line 10. How do i amend my 2011 tax return Do not show negative amounts on Form 941-SS, line 14, or Schedule B (Form 941). How do i amend my 2011 tax return For prior period errors, do not adjust your tax liabilities reported on your current Form 941-SS, line 14, or on Schedule B (Form 941). How do i amend my 2011 tax return Instead, file an adjusted return (Form 941-X (if you are adjusting a previously filed Form 941-SS) or Form 944-X (if you are adjusting a previously filed Form 944-SS or 944)) if you are also adjusting your tax liability. How do i amend my 2011 tax return If you are only adjusting your deposits in response to a failure-to-deposit penalty notice, see the Instructions for Schedule B (Form 941) (if you previously filed Form 941-SS) or the Instructions for Form 944-X (if you previously filed Form 944-SS or 944). How do i amend my 2011 tax return If you filed Form 944 for 2013 and line 7 was $2,500 or more, you were required to complete Form 944, lines 13a–13m, or attach Form 945-A, Annual Record of Federal Tax Liability. How do i amend my 2011 tax return If you failed to complete lines 13a–13m, or failed to attach Form 945-A, whichever was required, IRS may assess an “averaged” failure-to-deposit (FTD) penalty. How do i amend my 2011 tax return 9. How do i amend my 2011 tax return Employer's Returns General instructions. How do i amend my 2011 tax return   File Forms 941-SS (or Form 944) for nonfarm workers and Form 943 for farmworkers. How do i amend my 2011 tax return (U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return Virgin Islands employers may be required to file Form 940 for the combined wages of nonfarm workers and farmworkers. How do i amend my 2011 tax return ) Employers with employees subject to U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return income tax withholding. How do i amend my 2011 tax return   If you have both employees who are subject to U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return income tax withholding and employees who are not subject to U. How do i amend my 2011 tax return S. How do i amend my 2011 tax return income tax withholding, you must file only Form 941 (or Form 944) and include all your employees’ wages on that form. How do i amend my 2011 tax return Nonfarm employers. How do i amend my 2011 tax return   File Form 941-SS for the calendar quarter in which you first pay wages for nonfarm workers and for each quarter thereafter unless you are a seasonal employer or file a final return. How do i amend my 2011 tax return Due dates for each quarter of the calendar year are as follows. How do i amend my 2011 tax return Quarter Due Jan. How do i amend my 2011 tax return , Feb. How do i amend my 2011 tax return , Mar. How do i amend my 2011 tax return Apr. How do i amend my 2011 tax return 30 Apr. How do i amend my 2011 tax return , May, June July 31 July, Aug. How do i amend my 2011 tax return , Sept. How do i amend my 2011 tax return Oct. How do i amend my 2011 tax return 31 Oct. How do i amend my 2011 tax return , Nov. How do i amend my 2011 tax return , Dec. How do i amend my 2011 tax return Jan. How do i amend my 2011 tax return 31   However, if you deposited all taxes when due for the quarter, you have 10 additional days from the due dates to file the return. How do i amend my 2011 tax return If the due date for filing your return falls on a Saturday, Sunday, or legal holiday, you may file on the next business day. How do i amend my 2011 tax return   If you closed your business or stopped paying wages and do not have to file returns in the future, check the box on line 15 of your final Form 941-SS and show the date final wages were paid. How do i amend my 2011 tax return Form 944. How do i amend my 2011 tax return   If IRS notified you to file Form 944, file your 2013 Form 944 by January 31, 2014, or by February 10, 2014 (if you deposited all taxes when due). How do i amend my 2011 tax return Household employers reporting social security and Medicare taxes. How do i amend my 2011 tax return   If you are a sole proprietor and file Forms 941-SS (or Form 944) for business employees, you may include taxes for household employees on your Forms 941-SS (or Form 944). How do i amend my 2011 tax return Otherwise, report social security and Medicare taxes for household employees on Schedule H (Form 1040), Household Employment Taxes. How do i amend my 2011 tax return See Publication 926, Household Employer's Tax Guide, for more information. How do i amend my 2011 tax return Employers of farmworkers. How do i amend my 2011 tax return   Every employer of farmworkers must file a Form 943 for each calendar year beginning with the first year the employer pays $2,500 or more for farmwork or employs a farmworker who meets the $150 test described in section 6. How do i amend my 2011 tax return   File a Form 943 each year for all taxable wages paid for farmwork. How do i amend my 2011 tax return You may report household workers in a private home on a farm operated for profit on Form 943. How do i amend my 2011 tax return Do not report wages for farmworkers on Form 941-SS or 944. How do i amend my 2011 tax return   Send Form 943 to the IRS by January 31 of the following year. How do i amend my 2011 tax return Send it with payment of any taxes due that you are not required to deposit. How do i amend my 2011 tax return If you deposited all taxes when due, you have 10 additional days to file. How do i amend my 2011 tax return Penalties. How do i amend my 2011 tax return   For each whole or part month that a return is not filed when required (disregarding any extensions of the filing deadline), there is a failure-to-file penalty of 5% of the unpaid tax due with that return. How do i amend my 2011 tax return The maximum penalty is generally 25% of the tax due. How do i amend my 2011 tax return Also, for each whole or part month that the tax is paid late (disregarding any extensions of the payment deadline), there is a failure-to-pay penalty of 0. How do i amend my 2011 tax return 5% per month of the amount of tax. How do i amend my 2011 tax return For individual filers only, the failure-to-pay penalty is reduced from 0. How do i amend my 2011 tax return 5% per month to 0. How do i amend my 2011 tax return 25% per month if an installment agreement is in effect. How do i amend my 2011 tax return You must have filed your return on or before the due date of the return to qualify for the reduced penalty. How do i amend my 2011 tax return The maximum amount of the failure-to-pay penalty is also 25% of the tax due. How do i amend my 2011 tax return If both penalties apply in any month, the failure-to-file penalty is reduced by the amount of the failure-to-pay penalty. How do i amend my 2011 tax return The penalties will not be charged if you have a reasonable cause for failing to file or pay. How do i amend my 2011 tax return If you receive a penalty notice, you can provide an explanation of why you believe reasonable cause exists. How do i amend my 2011 tax return Reporting Adjustments to Form 941-SS, 944-SS, 944, or 943 Current Period Adjustments Make current period adjustments for fractions of cents, sick pay, tips, and group-term life insurance on your Form 941-SS, 944, or 943. How do i amend my 2011 tax return See the Instructions for Form 941-SS, Instructions for Form 944, or Instructions for Form 943 for information on how to report these adjustments. How do i amend my 2011 tax return Prior Period Adjustments Forms for prior period adjustments. How do i amend my 2011 tax return   Use Form 941-X or Form 944-X to make a correction after you discover an error on a previously filed Form 941 or Form 944. How do i amend my 2011 tax return There are also Forms 943-X, 945-X, and CT-1X to report corrections on the corresponding returns. How do i amend my 2011 tax return Form 941-X and Form 944-X also replace Form 843, Claim for Refund and Request for Abatement, for employers to request a refund or abatement of overreported employment taxes. How do i amend my 2011 tax return Continue to use Form 843 when requesting a refund or abatement of assessed interest or penalties. How do i amend my 2011 tax return See Revenue Ruling 2009-39, 2009-52 I. How do i amend my 2011 tax return R. How do i amend my 2011 tax return B. How do i amend my 2011 tax return 951, for examples of how the interest-free adjustment and claim for refund rules apply in 10 different situations. How do i amend my 2011 tax return You can find Revenue Ruling 2009-39, at www. How do i amend my 2011 tax return irs. How do i amend my 2011 tax return gov/irb/2009-52_IRB/ar14. How do i amend my 2011 tax return html. How do i amend my 2011 tax return Background. How do i amend my 2011 tax return   Treasury Decision 9405 changed the process for making interest-free adjustments to employment taxes reported on Forms 941-SS, 943, 944-SS, and 944, and for filing a claim for refund of employment taxes. How do i amend my 2011 tax return Treasury Decision 9405, 2008-32 I. How do i amend my 2011 tax return R. How do i amend my 2011 tax return B. How do i amend my 2011 tax return 293, is available at www. How do i amend my 2011 tax return irs. How do i amend my 2011 tax return gov/irb/2008-32_IRB/ar13. How do i amend my 2011 tax return html. How do i amend my 2011 tax return You will use the adjustment process if you underreported employment taxes and are making a payment, or if you overreported employment taxes and will be applying the credit to the Form 941-SS, 943, or 944 period during which you file Forms 941-X, 943-X, or 944-X, respectively. How do i amend my 2011 tax return You will use the claim process if you overreported employment taxes and are requesting a refund or abatement of the overreported amount. How do i amend my 2011 tax return We use the terms “correct” and “corrections” to include interest-free adjustments under sections 6205 and 6413, and claims for refund and abatement under sections 6402, 6414, and 6404 of the Internal Revenue Code. How do i amend my 2011 tax return Correcting employment taxes. How do i amend my 2011 tax return   When you discover an error on a previously filed Form 941-SS, 943, 944-SS, or 944, you must: Correct that error using Form 941-X, Form 943-X, or Form 944-X, File a separate Form 941-X, Form 943-X, or Form 944-X for