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How To File An Amended Tax Return For 2011

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How To File An Amended Tax Return For 2011

How to file an amended tax return for 2011 9. How to file an amended tax return for 2011   Rental Income and Expenses Table of Contents Introduction Useful Items - You may want to see: Rental Income Rental ExpensesVacant while listed for sale. How to file an amended tax return for 2011 Repairs and Improvements Other Expenses Property Changed to Rental Use Renting Part of Property Not Rented for Profit Personal Use of Dwelling Unit (Including Vacation Home)Example. How to file an amended tax return for 2011 Dividing Expenses Dwelling Unit Used as a Home Reporting Income and Deductions DepreciationChanging your accounting method to deduct unclaimed depreciation. How to file an amended tax return for 2011 Limits on Rental LossesAt-Risk Rules Passive Activity Limits How To Report Rental Income and ExpensesSchedule E (Form 1040) Introduction This chapter discusses rental income and expenses. How to file an amended tax return for 2011 It also covers the following topics. How to file an amended tax return for 2011 Personal use of dwelling unit (including vacation home). How to file an amended tax return for 2011 Depreciation. How to file an amended tax return for 2011 Limits on rental losses. How to file an amended tax return for 2011 How to report your rental income and expenses. How to file an amended tax return for 2011 If you sell or otherwise dispose of your rental property, see Publication 544, Sales and Other Dispositions of Assets. How to file an amended tax return for 2011 If you have a loss from damage to, or theft of, rental property, see Publication 547, Casualties, Disasters, and Thefts. How to file an amended tax return for 2011 If you rent a condominium or a cooperative apartment, some special rules apply to you even though you receive the same tax treatment as other owners of rental property. How to file an amended tax return for 2011 See Publication 527, Residential Rental Property, for more information. How to file an amended tax return for 2011 Useful Items - You may want to see: Publication 527 Residential Rental Property 534 Depreciating Property Placed in Service Before 1987 535 Business Expenses 925 Passive Activity and At-Risk Rules 946 How To Depreciate Property Form (and Instructions) 4562 Depreciation and Amortization 6251 Alternative Minimum Tax—Individuals 8582 Passive Activity Loss Limitations Schedule E (Form 1040) Supplemental Income and Loss Rental Income In most cases, you must include in your gross income all amounts you receive as rent. How to file an amended tax return for 2011 Rental income is any payment you receive for the use or occupation of property. How to file an amended tax return for 2011 In addition to amounts you receive as normal rent payments, there are other amounts that may be rental income. How to file an amended tax return for 2011 When to report. How to file an amended tax return for 2011   If you are a cash-basis taxpayer, you report rental income on your return for the year you actually or constructively receive it. How to file an amended tax return for 2011 You are a cash-basis taxpayer if you report income in the year you receive it, regardless of when it was earned. How to file an amended tax return for 2011 You constructively receive income when it is made available to you, for example, by being credited to your bank account. How to file an amended tax return for 2011   For more information about when you constructively receive income, see Accounting Methods in chapter 1. How to file an amended tax return for 2011 Advance rent. How to file an amended tax return for 2011   Advance rent is any amount you receive before the period that it covers. How to file an amended tax return for 2011 Include advance rent in your rental income in the year you receive it regardless of the period covered or the method of accounting you use. How to file an amended tax return for 2011 Example. How to file an amended tax return for 2011 You sign a 10-year lease to rent your property. How to file an amended tax return for 2011 In the first year, you receive $5,000 for the first year's rent and $5,000 as rent for the last year of the lease. How to file an amended tax return for 2011 You must include $10,000 in your income in the first year. How to file an amended tax return for 2011 Canceling a lease. How to file an amended tax return for 2011   If your tenant pays you to cancel a lease, the amount you receive is rent. How to file an amended tax return for 2011 Include the payment in your income in the year you receive it regardless of your method of accounting. How to file an amended tax return for 2011 Expenses paid by tenant. How to file an amended tax return for 2011   If your tenant pays any of your expenses, the payments are rental income. How to file an amended tax return for 2011 Because you must include this amount in income, you can deduct the expenses if they are deductible rental expenses. How to file an amended tax return for 2011 See Rental Expenses , later, for more information. How to file an amended tax return for 2011 Property or services. How to file an amended tax return for 2011   If you receive property or services, instead of money, as rent, include the fair market value of the property or services in your rental income. How to file an amended tax return for 2011   If the services are provided at an agreed upon or specified price, that price is the fair market value unless there is evidence to the contrary. How to file an amended tax return for 2011 Security deposits. How to file an amended tax return for 2011   Do not include a security deposit in your income when you receive it if you plan to return it to your tenant at the end of the lease. How to file an amended tax return for 2011 But if you keep part or all of the security deposit during any year because your tenant does not live up to the terms of the lease, include the amount you keep in your income in that year. How to file an amended tax return for 2011   If an amount called a security deposit is to be used as a final payment of rent, it is advance rent. How to file an amended tax return for 2011 Include it in your income when you receive it. How to file an amended tax return for 2011 Part interest. How to file an amended tax return for 2011   If you own a part interest in rental property, you must report your part of the rental income from the property. How to file an amended tax return for 2011 Rental of property also used as your home. How to file an amended tax return for 2011   If you rent property that you also use as your home and you rent it less than 15 days during the tax year, do not include the rent you receive in your income and do not deduct rental expenses. How to file an amended tax return for 2011 However, you can deduct on Schedule A (Form 1040) the interest, taxes, and casualty and theft losses that are allowed for nonrental property. How to file an amended tax return for 2011 See Personal Use of Dwelling Unit (Including Vacation Home) , later. How to file an amended tax return for 2011 Rental Expenses This part discusses expenses of renting property that you ordinarily can deduct from your rental income. How to file an amended tax return for 2011 It includes information on the expenses you can deduct if you rent part of your property, or if you change your property to rental use. How to file an amended tax return for 2011 Depreciation , which you can also deduct from your rental income, is discussed later. How to file an amended tax return for 2011 Personal use of rental property. How to file an amended tax return for 2011   If you sometimes use your rental property for personal purposes, you must divide your expenses between rental and personal use. How to file an amended tax return for 2011 Also, your rental expense deductions may be limited. How to file an amended tax return for 2011 See Personal Use of Dwelling Unit (Including Vacation Home) , later. How to file an amended tax return for 2011 Part interest. How to file an amended tax return for 2011   If you own a part interest in rental property, you can deduct expenses that you paid according to your percentage of ownership. How to file an amended tax return for 2011 When to deduct. How to file an amended tax return for 2011   If you are a cash-basis taxpayer, you generally deduct your rental expenses in the year you pay them. How to file an amended tax return for 2011 Depreciation. How to file an amended tax return for 2011   You can begin to depreciate rental property when it is ready and available for rent. How to file an amended tax return for 2011 See Placed-in-Service under When Does Depreciation Begin and End in chapter 2 of Publication 527. How to file an amended tax return for 2011 Pre-rental expenses. How to file an amended tax return for 2011   You can deduct your ordinary and necessary expenses for managing, conserving, or maintaining rental property from the time you make it available for rent. How to file an amended tax return for 2011 Uncollected rent. How to file an amended tax return for 2011   If you are a cash-basis taxpayer, do not deduct uncollected rent. How to file an amended tax return for 2011 Because you have not included it in your income, it is not deductible. How to file an amended tax return for 2011 Vacant rental property. How to file an amended tax return for 2011   If you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant. How to file an amended tax return for 2011 However, you cannot deduct any loss of rental income for the period the property is vacant. How to file an amended tax return for 2011 Vacant while listed for sale. How to file an amended tax return for 2011   If you sell property you held for rental purposes, you can deduct the ordinary and necessary expenses for managing, conserving, or maintaining the property until it is sold. How to file an amended tax return for 2011 If the property is not held out and available for rent while listed for sale, the expenses are not deductible rental expenses. How to file an amended tax return for 2011 Repairs and Improvements Generally, an expense for repairing or maintaining your rental property may be deducted if you are not required to capitalize the expense. How to file an amended tax return for 2011 Improvements. How to file an amended tax return for 2011   You must capitalize any expense you pay to improve your rental property. How to file an amended tax return for 2011 An expense is for an improvement if it results in a betterment to your property, restores your property, or adapts your property to a new or different use. How to file an amended tax return for 2011 Betterments. How to file an amended tax return for 2011   Expenses that may result in a betterment to your property include expenses for fixing a pre-existing defect or condition, enlarging or expanding your property, or increasing the capacity, strength, or quality of your property. How to file an amended tax return for 2011 Restoration. How to file an amended tax return for 2011   Expenses that may be for restoration include expenses for replacing a substantial structural part of your property, repairing damage to your property after you properly adjusted the basis of your property as a result of a casualty loss, or rebuilding your property to a like-new condition. How to file an amended tax return for 2011 Adaptation. How to file an amended tax return for 2011   Expenses that may be for adaptation include expenses for altering your property to a use that is not consistent with the intended ordinary use of your property when you began renting the property. How to file an amended tax return for 2011 Separate the costs of repairs and improvements, and keep accurate records. How to file an amended tax return for 2011 You will need to know the cost of improvements when you sell or depreciate your property. How to file an amended tax return for 2011 The expenses you capitalize for improving your property can generally be depreciated as if the improvement were separate property. How to file an amended tax return for 2011 Other Expenses Other expenses you can deduct from your rental income include advertising, cleaning and maintenance, utilities, fire and liability insurance, taxes, interest, commissions for the collection of rent, ordinary and necessary travel and transportation, and other expenses, discussed next. How to file an amended tax return for 2011 Insurance premiums paid in advance. How to file an amended tax return for 2011   If you pay an insurance premium for more than one year in advance, for each year of coverage you can deduct the part of the premium payment that will apply to that year. How to file an amended tax return for 2011 You cannot deduct the total premium in the year you pay it. How to file an amended tax return for 2011 Legal and other professional fees. How to file an amended tax return for 2011   You can deduct, as a rental expense, legal and other professional expenses, such as tax return preparation fees you paid to prepare Schedule E (Form 1040), Part I. How to file an amended tax return for 2011 For example, on your 2013 Schedule E, you can deduct fees paid in 2013 to prepare your 2012 Schedule E, Part I. How to file an amended tax return for 2011 You can also deduct, as a rental expense, any expense (other than federal taxes and penalties) you paid to resolve a tax underpayment related to your rental activities. How to file an amended tax return for 2011 Local benefit taxes. How to file an amended tax return for 2011   In most cases, you cannot deduct charges for local benefits that increase the value of your property, such as charges for putting in streets, sidewalks, or water and sewer systems. How to file an amended tax return for 2011 These charges are nondepreciable capital expenditures, and must be added to the basis of your property. How to file an amended tax return for 2011 However, you can deduct local benefit taxes that are for maintaining, repairing, or paying interest charges for the benefits. How to file an amended tax return for 2011 Local transportation expenses. How to file an amended tax return for 2011    You may be able to deduct your ordinary and necessary local transportation expenses if you incur them to collect rental income or to manage, conserve, or maintain your rental property. How to file an amended tax return for 2011 However, transportation expenses incurred to travel between your home and a rental property generally constitute nondeductible commuting costs unless you use your home as your principal place of business. How to file an amended tax return for 2011 See Publication 587, Business Use of Your Home, for information on determining if your home office qualifies as a principal place of business. How to file an amended tax return for 2011   Generally, if you use your personal car, pickup truck, or light van for rental activities, you can deduct the expenses using one of two methods: actual expenses or the standard mileage rate. How to file an amended tax return for 2011 For 2013, the standard mileage rate for business use is 56. How to file an amended tax return for 2011 5 cents per mile. How to file an amended tax return for 2011 For more information, see chapter 26. How to file an amended tax return for 2011    To deduct car expenses under either method, you must keep records that follow the rules in chapter 26. How to file an amended tax return for 2011 In addition, you must complete Form 4562, Part V, and attach it to your tax return. How to file an amended tax return for 2011 Rental of equipment. How to file an amended tax return for 2011   You can deduct the rent you pay for equipment that you use for rental purposes. How to file an amended tax return for 2011 However, in some cases, lease contracts are actually purchase contracts. How to file an amended tax return for 2011 If so, you cannot deduct these payments. How to file an amended tax return for 2011 You can recover the cost of purchased equipment through depreciation. How to file an amended tax return for 2011 Rental of property. How to file an amended tax return for 2011   You can deduct the rent you pay for property that you use for rental purposes. How to file an amended tax return for 2011 If you buy a leasehold for rental purposes, you can deduct an equal part of the cost each year over the term of the lease. How to file an amended tax return for 2011 Travel expenses. How to file an amended tax return for 2011   You can deduct the ordinary and necessary expenses of traveling away from home if the primary purpose of the trip is to collect rental income or to manage, conserve, or maintain your rental property. How to file an amended tax return for 2011 You must properly allocate your expenses between rental and nonrental activities. How to file an amended tax return for 2011 You cannot deduct the cost of traveling away from home if the primary purpose of the trip was to improve your property. How to file an amended tax return for 2011 You recover the cost of improvements by taking depreciation. How to file an amended tax return for 2011 For information on travel expenses, see chapter 26. How to file an amended tax return for 2011    To deduct travel expenses, you must keep records that follow the rules in chapter 26. How to file an amended tax return for 2011   See Rental Expenses in Publication 527 for more information. How to file an amended tax return for 2011 Property Changed to Rental Use If you change your home or other property (or a part of it) to rental use at any time other than the beginning of your tax year, you must divide yearly expenses, such as taxes and insurance, between rental use and personal use. How to file an amended tax return for 2011 You can deduct as rental expenses only the part of the expense that is for the part of the year the property was used or held for rental purposes. How to file an amended tax return for 2011 You cannot deduct depreciation or insurance for the part of the year the property was held for personal use. How to file an amended tax return for 2011 However, you can include the home mortgage interest, qualified mortgage insurance premiums, and real estate tax expenses for the part of the year the property was held for personal use as an itemized deduction on Schedule A (Form 1040). How to file an amended tax return for 2011 Example. How to file an amended tax return for 2011 Your tax year is the calendar year. How to file an amended tax return for 2011 You moved from your home in May and started renting it out on June 1. How to file an amended tax return for 2011 You can deduct as rental expenses seven-twelfths of your yearly expenses, such as taxes and insurance. How to file an amended tax return for 2011 Starting with June, you can deduct as rental expenses the amounts you pay for items generally billed monthly, such as utilities. How to file an amended tax return for 2011 Renting Part of Property If you rent part of your property, you must divide certain expenses between the part of the property used for rental purposes and the part of the property used for personal purposes, as though you actually had two separate pieces of property. How to file an amended tax return for 2011 You can deduct the expenses related to the part of the property used for rental purposes, such as home mortgage interest, qualified mortgage insurance premiums, and real estate taxes, as rental expenses on Schedule E (Form 1040). How to file an amended tax return for 2011 You can also deduct as rental expenses a portion of other expenses that normally are nondeductible personal expenses, such as expenses for electricity or painting the outside of your house. How to file an amended tax return for 2011 There is no change in the types of expenses deductible for the personal-use part of your property. How to file an amended tax return for 2011 Generally, these expenses may be deducted only if you itemize your deductions on Schedule A (Form 1040). How to file an amended tax return for 2011 You cannot deduct any part of the cost of the first phone line even if your tenants have unlimited use of it. How to file an amended tax return for 2011 You do not have to divide the expenses that belong only to the rental part of your property. How to file an amended tax return for 2011 For example, if you paint a room that you rent, or if you pay premiums for liability insurance in connection with renting a room in your home, your entire cost is a rental expense. How to file an amended tax return for 2011 If you install a second phone line strictly for your tenants' use, all of the cost of the second line is deductible as a rental expense. How to file an amended tax return for 2011 You can deduct depreciation, discussed later, on the part of the house used for rental purposes as well as on the furniture and equipment you use for rental purposes. How to file an amended tax return for 2011 How to divide expenses. How to file an amended tax return for 2011   If an expense is for both rental use and personal use, such as mortgage interest or heat for the entire house, you must divide the expense between the rental use and the personal use. How to file an amended tax return for 2011 You can use any reasonable method for dividing the expense. How to file an amended tax return for 2011 It may be reasonable to divide the cost of some items (for example, water) based on the number of people using them. How to file an amended tax return for 2011 The two most common methods for dividing an expense are based on (1) the number of rooms in your home, and (2) the square footage of your home. How to file an amended tax return for 2011 Not Rented for Profit If you do not rent your property to make a profit, you can deduct your rental expenses only up to the amount of your rental income. How to file an amended tax return for 2011 You cannot deduct a loss or carry forward to the next year any rental expenses that are more than your rental income for the year. How to file an amended tax return for 2011 For more information about the rules for an activity not engaged in for profit, see Not-for-Profit Activities in chapter 1 of Publication 535. How to file an amended tax return for 2011 Where to report. How to file an amended tax return for 2011   Report your not-for-profit rental income on Form 1040, line 21. How to file an amended tax return for 2011 For example, you can include your mortgage interest and any qualified mortgage insurance premiums (if you use the property as your main home or second home), real estate taxes, and casualty losses on the appropriate lines of Schedule A (Form 1040) if you itemize your deductions. How to file an amended tax return for 2011   If you itemize your deductions, claim your other rental expenses, subject to the rules explained in chapter 1 of Publication 535, as miscellaneous itemized deductions on Form 1040, Schedule A, line 23. How to file an amended tax return for 2011 You can deduct these expenses only if they, together with certain other miscellaneous itemized deductions, total more than 2% of your adjusted gross income. How to file an amended tax return for 2011 Personal Use of Dwelling Unit (Including Vacation Home) If you have any personal use of a dwelling unit (including a vacation home) that you rent, you must divide your expenses between rental use and personal use. How to file an amended tax return for 2011 In general, your rental expenses will be no more than your total expenses multiplied by a fraction; the denominator of which is the total number of days the dwelling unit is used and the numerator of which is the total number of days actually rented at a fair rental price. How to file an amended tax return for 2011 Only your rental expenses may be deducted on Schedule E (Form 1040). How to file an amended tax return for 2011 Some of your personal expenses may be deductible if you itemize your deductions on Schedule A (Form 1040). How to file an amended tax return for 2011 You must also determine if the dwelling unit is considered a home. How to file an amended tax return for 2011 The amount of rental expenses that you can deduct may be limited if the dwelling unit is considered a home. How to file an amended tax return for 2011 Whether a dwelling unit is considered a home depends on how many days during the year are considered to be days of personal use. How to file an amended tax return for 2011 There is a special rule if you used the dwelling unit as a home and you rented it for less than 15 days during the year. How to file an amended tax return for 2011 Dwelling unit. How to file an amended tax return for 2011   A dwelling unit includes a house, apartment, condominium, mobile home, boat, vacation home, or similar property. How to file an amended tax return for 2011 It also includes all structures or other property belonging to the dwelling unit. How to file an amended tax return for 2011 A dwelling unit has basic living accommodations, such as sleeping space, a toilet, and cooking facilities. How to file an amended tax return for 2011   A dwelling unit does not include property used solely as a hotel, motel, inn, or similar establishment. How to file an amended tax return for 2011 Property is used solely as a hotel, motel, inn, or similar establishment if it is regularly available for occupancy by paying customers and is not used by an owner as a home during the year. How to file an amended tax return for 2011 Example. How to file an amended tax return for 2011   You rent a room in your home that is always available for short-term occupancy by paying customers. How to file an amended tax return for 2011 You do not use the room yourself, and you allow only paying customers to use the room. How to file an amended tax return for 2011 The room is used solely as a hotel, motel, inn, or similar establishment and is not a dwelling unit. How to file an amended tax return for 2011 Dividing Expenses If you use a dwelling unit for both rental and personal purposes, divide your expenses between the rental use and the personal use based on the number of days used for each purpose. How to file an amended tax return for 2011 When dividing your expenses, follow these rules. How to file an amended tax return for 2011 Any day that the unit is rented at a fair rental price is a day of rental use even if you used the unit for personal purposes that day. How to file an amended tax return for 2011 This rule does not apply when determining whether you used the unit as a home. How to file an amended tax return for 2011 Any day that the unit is available for rent but not actually rented is not a day of rental use. How to file an amended tax return for 2011 Example. How to file an amended tax return for 2011 Your beach cottage was available for rent from June 1 through August 31 (92 days). How to file an amended tax return for 2011 During that time, except for the first week in August (7 days) when you were unable to find a renter, you rented the cottage at a fair rental price. How to file an amended tax return for 2011 The person who rented the cottage for July allowed you to use it over the weekend (2 days) without any reduction in or refund of rent. How to file an amended tax return for 2011 Your family also used the cottage during the last 2 weeks of May (14 days). How to file an amended tax return for 2011 The cottage was not used at all before May 17 or after August 31. How to file an amended tax return for 2011 You figure the part of the cottage expenses to treat as rental expenses as follows. How to file an amended tax return for 2011 The cottage was used for rental a total of 85 days (92 − 7). How to file an amended tax return for 2011 The days it was available for rent but not rented (7 days) are not days of rental use. How to file an amended tax return for 2011 The July weekend (2 days) you used it is rental use because you received a fair rental price for the weekend. How to file an amended tax return for 2011 You used the cottage for personal purposes for 14 days (the last 2 weeks in May). How to file an amended tax return for 2011 The total use of the cottage was 99 days (14 days personal use + 85 days rental use). How to file an amended tax return for 2011 Your rental expenses are 85/99 (86%) of the cottage expenses. How to file an amended tax return for 2011 Note. How to file an amended tax return for 2011 When determining whether you used the cottage as a home, the July weekend (2 days) you used it is considered personal use even though you received a fair rental price for the weekend. How to file an amended tax return for 2011 Therefore, you had 16 days of personal use and 83 days of rental use for this purpose. How to file an amended tax return for 2011 Because you used the cottage for personal purposes more than 14 days and more than 10% of the days of rental use (8 days), you used it as a home. How to file an amended tax return for 2011 If you have a net loss, you may not be able to deduct all of the rental expenses. How to file an amended tax return for 2011 See Dwelling Unit Used as a Home, next. How to file an amended tax return for 2011 Dwelling Unit Used as a Home If you use a dwelling unit for both rental and personal purposes, the tax treatment of the rental expenses you figured earlier under Dividing Expenses and rental income depends on whether you are considered to be using the dwelling unit as a home. How to file an amended tax return for 2011 You use a dwelling unit as a home during the tax year if you use it for personal purposes more than the greater of: 14 days, or 10% of the total days it is rented to others at a fair rental price. How to file an amended tax return for 2011 See What is a day of personal use , later. How to file an amended tax return for 2011 Fair rental price. How to file an amended tax return for 2011   A fair rental price for your property generally is the amount of rent that a person who is not related to you would be willing to pay. How to file an amended tax return for 2011 The rent you charge is not a fair rental price if it is substantially less than the rents charged for other properties that are similar to your property in your area. How to file an amended tax return for 2011   If a dwelling unit is used for personal purposes on a day it is rented at a fair rental price, do not count that day as a day of rental use in applying (2) above. How to file an amended tax return for 2011 Instead, count it as a day of personal use in applying both (1) and (2) above. How to file an amended tax return for 2011 What is a day of personal use?   A day of personal use of a dwelling unit is any day that the unit is used by any of the following persons. How to file an amended tax return for 2011 You or any other person who has an interest in the unit, unless you rent it to another owner as his or her main home under a shared equity financing agreement (defined later). How to file an amended tax return for 2011 However, see Days used as a main home before or after renting , later. How to file an amended tax return for 2011 A member of your family or a member of the family of any other person who owns an interest in the unit, unless the family member uses the dwelling unit as his or her main home and pays a fair rental price. How to file an amended tax return for 2011 Family includes only your spouse, brothers and sisters, half-brothers and half-sisters, ancestors (parents, grandparents, etc. How to file an amended tax return for 2011 ), and lineal descendants (children, grandchildren, etc. How to file an amended tax return for 2011 ). How to file an amended tax return for 2011 Anyone under an arrangement that lets you use some other dwelling unit. How to file an amended tax return for 2011 Anyone at less than a fair rental price. How to file an amended tax return for 2011 Main home. How to file an amended tax return for 2011   If the other person or member of the family in (1) or (2) above has more than one home, his or her main home is ordinarily the one he or she lived in most of the time. How to file an amended tax return for 2011 Shared equity financing agreement. How to file an amended tax return for 2011   This is an agreement under which two or more persons acquire undivided interests for more than 50 years in an entire dwelling unit, including the land, and one or more of the co-owners is entitled to occupy the unit as his or her main home upon payment of rent to the other co-owner or owners. How to file an amended tax return for 2011 Donation of use of property. How to file an amended tax return for 2011   You use a dwelling unit for personal purposes if: You donate the use of the unit to a charitable organization, The organization sells the use of the unit at a fund-raising event, and The “purchaser” uses the unit. How to file an amended tax return for 2011 Examples. How to file an amended tax return for 2011   The following examples show how to determine days of personal use. How to file an amended tax return for 2011 Example 1. How to file an amended tax return for 2011 You and your neighbor are co-owners of a condominium at the beach. How to file an amended tax return for 2011 Last year, you rented the unit to vacationers whenever possible. How to file an amended tax return for 2011 The unit was not used as a main home by anyone. How to file an amended tax return for 2011 Your neighbor used the unit for 2 weeks last year; you did not use it at all. How to file an amended tax return for 2011 Because your neighbor has an interest in the unit, both of you are considered to have used the unit for personal purposes during those 2 weeks. How to file an amended tax return for 2011 Example 2. How to file an amended tax return for 2011 You and your neighbors are co-owners of a house under a shared equity financing agreement. How to file an amended tax return for 2011 Your neighbors live in the house and pay you a fair rental price. How to file an amended tax return for 2011 Even though your neighbors have an interest in the house, the days your neighbors live there are not counted as days of personal use by you. How to file an amended tax return for 2011 This is because your neighbors rent the house as their main home under a shared equity financing agreement. How to file an amended tax return for 2011 Example 3. How to file an amended tax return for 2011 You own a rental property that you rent to your son. How to file an amended tax return for 2011 Your son does not own any interest in this property. How to file an amended tax return for 2011 He uses it as his main home and pays you a fair rental price. How to file an amended tax return for 2011 Your son's use of the property is not personal use by you because your son is using it as his main home, he owns no interest in the property, and he is paying you a fair rental price. How to file an amended tax return for 2011 Example 4. How to file an amended tax return for 2011 You rent your beach house to Joshua. How to file an amended tax return for 2011 Joshua rents his cabin in the mountains to you. How to file an amended tax return for 2011 You each pay a fair rental price. How to file an amended tax return for 2011 You are using your house for personal purposes on the days that Joshua uses it because your house is used by Joshua under an arrangement that allows you to use his house. How to file an amended tax return for 2011 Days used for repairs and maintenance. How to file an amended tax return for 2011   Any day that you spend working substantially full time repairing and maintaining (not improving) your property is not counted as a day of personal use. How to file an amended tax return for 2011 Do not count such a day as a day of personal use even if family members use the property for recreational purposes on the same day. How to file an amended tax return for 2011 Days used as a main home before or after renting. How to file an amended tax return for 2011   For purposes of determining whether a dwelling unit was used as a home, you may not have to count days you used the property as your main home before or after renting it or offering it for rent as days of personal use. How to file an amended tax return for 2011 Do not count them as days of personal use if: You rented or tried to rent the property for 12 or more consecutive months. How to file an amended tax return for 2011 You rented or tried to rent the property for a period of less than 12 consecutive months and the period ended because you sold or exchanged the property. How to file an amended tax return for 2011 However, this special rule does not apply when dividing expenses between rental and personal use. How to file an amended tax return for 2011 Examples. How to file an amended tax return for 2011   The following examples show how to determine whether you used your rental property as a home. How to file an amended tax return for 2011 Example 1. How to file an amended tax return for 2011 You converted the basement of your home into an apartment with a bedroom, a bathroom, and a small kitchen. How to file an amended tax return for 2011 You rented the basement apartment at a fair rental price to college students during the regular school year. How to file an amended tax return for 2011 You rented to them on a 9-month lease (273 days). How to file an amended tax return for 2011 You figured 10% of the total days rented to others at a fair rental price is 27 days. How to file an amended tax return for 2011 During June (30 days), your brothers stayed with you and lived in the basement apartment rent free. How to file an amended tax return for 2011 Your basement apartment was used as a home because you used it for personal purposes for 30 days. How to file an amended tax return for 2011 Rent-free use by your brothers is considered personal use. How to file an amended tax return for 2011 Your personal use (30 days) is more than the greater of 14 days or 10% of the total days it was rented (27 days). How to file an amended tax return for 2011 Example 2. How to file an amended tax return for 2011 You rented the guest bedroom in your home at a fair rental price during the local college's homecoming, commencement, and football weekends (a total of 27 days). How to file an amended tax return for 2011 Your sister-in-law stayed in the room, rent free, for the last 3 weeks (21 days) in July. How to file an amended tax return for 2011 You figured 10% of the total days rented to others at a fair rental price is 3 days. How to file an amended tax return for 2011 The room was used as a home because you used it for personal purposes for 21 days. How to file an amended tax return for 2011 That is more than the greater of 14 days or 10% of the 27 days it was rented (3 days). How to file an amended tax return for 2011 Example 3. How to file an amended tax return for 2011 You own a condominium apartment in a resort area. How to file an amended tax return for 2011 You rented it at a fair rental price for a total of 170 days during the year. How to file an amended tax return for 2011 For 12 of those days, the tenant was not able to use the apartment and allowed you to use it even though you did not refund any of the rent. How to file an amended tax return for 2011 Your family actually used the apartment for 10 of those days. How to file an amended tax return for 2011 Therefore, the apartment is treated as having been rented for 160 (170 − 10) days. How to file an amended tax return for 2011 You figured 10% of the total days rented to others at a fair rental price is 16 days. How to file an amended tax return for 2011 Your family also used the apartment for 7 other days during the year. How to file an amended tax return for 2011 You used the apartment as a home because you used it for personal purposes for 17 days. How to file an amended tax return for 2011 That is more than the greater of 14 days or 10% of the 160 days it was rented (16 days). How to file an amended tax return for 2011 Minimal rental use. How to file an amended tax return for 2011   If you use the dwelling unit as a home and you rent it less than 15 days during the year, that period is not treated as rental activity. How to file an amended tax return for 2011 See Used as a home but rented less than 15 days , later, for more information. How to file an amended tax return for 2011 Limit on deductions. How to file an amended tax return for 2011   Renting a dwelling unit that is considered a home is not a passive activity. How to file an amended tax return for 2011 Instead, if your rental expenses are more than your rental income, some or all of the excess expenses cannot be used to offset income from other sources. How to file an amended tax return for 2011 The excess expenses that cannot be used to offset income from other sources are carried forward to the next year and treated as rental expenses for the same property. How to file an amended tax return for 2011 Any expenses carried forward to the next year will be subject to any limits that apply for that year. How to file an amended tax return for 2011 This limitation will apply to expenses carried forward to another year even if you do not use the property as your home for that subsequent year. How to file an amended tax return for 2011   To figure your deductible rental expenses for this year and any carryover to next year, use Worksheet 9-1. How to file an amended tax return for 2011 Reporting Income and Deductions Property not used for personal purposes. How to file an amended tax return for 2011   If you do not use a dwelling unit for personal purposes, see How To Report Rental Income and Expenses , later, for how to report your rental income and expenses. How to file an amended tax return for 2011 Property used for personal purposes. How to file an amended tax return for 2011   If you do use a dwelling unit for personal purposes, then how you report your rental income and expenses depends on whether you used the dwelling unit as a home. How to file an amended tax return for 2011 Not used as a home. How to file an amended tax return for 2011   If you use a dwelling unit for personal purposes, but not as a home, report all the rental income in your income. How to file an amended tax return for 2011 Since you used the dwelling unit for personal purposes, you must divide your expenses between the rental use and the personal use as described earlier in Dividing Expenses . How to file an amended tax return for 2011 The expenses for personal use are not deductible as rental expenses. How to file an amended tax return for 2011   Your deductible rental expenses can be more than your gross rental income; however, see Limits on Rental Losses , later. How to file an amended tax return for 2011 Used as a home but rented less than 15 days. How to file an amended tax return for 2011   If you use a dwelling unit as a home and you rent it less than 15 days during the year, its primary function is not considered to be rental and it should not be reported on Schedule E (Form 1040). How to file an amended tax return for 2011 You are not required to report the rental income and rental expenses from this activity. How to file an amended tax return for 2011 The expenses, including qualified mortgage interest, property taxes, and any qualified casualty loss will be reported as normally allowed on Schedule A (Form 1040). How to file an amended tax return for 2011 See the Instructions for Schedule A (Form 1040) for more information on deducting these expenses. How to file an amended tax return for 2011 Used as a home and rented 15 days or more. How to file an amended tax return for 2011   If you use a dwelling unit as a home and rent it 15 days or more during the year, include all your rental income in your income. How to file an amended tax return for 2011 Since you used the dwelling unit for personal purposes, you must divide your expenses between the rental use and the personal use as described earlier in Dividing Expenses . How to file an amended tax return for 2011 The expenses for personal use are not deductible as rental expenses. How to file an amended tax return for 2011   If you had a net profit from renting the dwelling unit for the year (that is, if your rental income is more than the total of your rental expenses, including depreciation), deduct all of your rental expenses. How to file an amended tax return for 2011 You do not need to use Worksheet 9-1. How to file an amended tax return for 2011   However, if you had a net loss from renting the dwelling unit for the year, your deduction for certain rental expenses is limited. How to file an amended tax return for 2011 To figure your deductible rental expenses and any carryover to next year, use Worksheet 9-1. How to file an amended tax return for 2011 Depreciation You recover the cost of income-producing property through yearly tax deductions. How to file an amended tax return for 2011 You do this by depreciating the property; that is, by deducting some of the cost each year on your tax return. How to file an amended tax return for 2011 Three factors determine how much depreciation you can deduct each year: (1) your basis in the property, (2) the recovery period for the property, and (3) the depreciation method used. How to file an amended tax return for 2011 You cannot simply deduct your mortgage or principal payments, or the cost of furniture, fixtures, and equipment, as an expense. How to file an amended tax return for 2011 You can deduct depreciation only on the part of your property used for rental purposes. How to file an amended tax return for 2011 Depreciation reduces your basis for figuring gain or loss on a later sale or exchange. How to file an amended tax return for 2011 You may have to use Form 4562 to figure and report your depreciation. How to file an amended tax return for 2011 See How To Report Rental Income and Expenses , later. How to file an amended tax return for 2011 Alternative minimum tax (AMT). How to file an amended tax return for 2011    If you use accelerated depreciation, you may be subject to the AMT. How to file an amended tax return for 2011 Accelerated depreciation allows you to deduct more depreciation earlier in the recovery period than you could deduct using a straight line method (same deduction each year). How to file an amended tax return for 2011 Claiming the correct amount of depreciation. How to file an amended tax return for 2011   You should claim the correct amount of depreciation each tax year. How to file an amended tax return for 2011 If you did not claim all the depreciation you were entitled to deduct, you must still reduce your basis in the property by the full amount of depreciation that you could have deducted. How to file an amended tax return for 2011   If you deducted an incorrect amount of depreciation for property in any year, you may be able to make a correction by filing Form 1040X, Amended U. How to file an amended tax return for 2011 S Individual Income Tax Return. How to file an amended tax return for 2011 If you are not allowed to make the correction on an amended return, you can change your accounting method to claim the correct amount of depreciation. How to file an amended tax return for 2011 See Claiming the correct amount of depreciation in chapter 2 of Publication 527 for more information. How to file an amended tax return for 2011 Changing your accounting method to deduct unclaimed depreciation. How to file an amended tax return for 2011   To change your accounting method, you generally must file Form 3115, Application for Change in Accounting Method, to get the consent of the IRS. How to file an amended tax return for 2011 In some instances, that consent is automatic. How to file an amended tax return for 2011 For more information, see chapter 1 of Publication 946. How to file an amended tax return for 2011 Land. How to file an amended tax return for 2011   You cannot depreciate the cost of land because land generally does not wear out, become obsolete, or get used up. How to file an amended tax return for 2011 The costs of clearing, grading, planting, and landscaping are usually all part of the cost of land and cannot be depreciated. How to file an amended tax return for 2011 More information. How to file an amended tax return for 2011   See Publication 527 for more information about depreciating rental property and see Publication 946 for more information about depreciation. How to file an amended tax return for 2011 Limits on Rental Losses If you have a loss from your rental real estate activity, two sets of rules may limit the amount of loss you can deduct. How to file an amended tax return for 2011 You must consider these rules in the order shown below. How to file an amended tax return for 2011 At-risk rules. How to file an amended tax return for 2011 These rules are applied first if there is investment in your rental real estate activity for which you are not at risk. How to file an amended tax return for 2011 This applies only if the real property was placed in service after 1986. How to file an amended tax return for 2011 Passive activity limits. How to file an amended tax return for 2011 Generally, rental real estate activities are considered passive activities and losses are not deductible unless you have income from other passive activities to offset them. How to file an amended tax return for 2011 However, there are exceptions. How to file an amended tax return for 2011 At-Risk Rules You may be subject to the at-risk rules if you have: A loss from an activity carried on as a trade or business or for the production of income, and Amounts invested in the activity for which you are not fully at risk. How to file an amended tax return for 2011 Losses from holding real property (other than mineral property) placed in service before 1987 are not subject to the at-risk rules. How to file an amended tax return for 2011 In most cases, any loss from an activity subject to the at-risk rules is allowed only to the extent of the total amount you have at risk in the activity at the end of the tax year. How to file an amended tax return for 2011 You are considered at risk in an activity to the extent of cash and the adjusted basis of other property you contributed to the activity and certain amounts borrowed for use in the activity. How to file an amended tax return for 2011 See Publication 925 for more information. How to file an amended tax return for 2011 Passive Activity Limits In most cases, all rental real estate activities (except those of certain real estate professionals, discussed later) are passive activities. How to file an amended tax return for 2011 For this purpose, a rental activity is an activity from which you receive income mainly for the use of tangible property, rather than for services. How to file an amended tax return for 2011 Limits on passive activity deductions and credits. How to file an amended tax return for 2011    Deductions or losses from passive activities are limited. How to file an amended tax return for 2011 You generally cannot offset income, other than passive income, with losses from passive activities. How to file an amended tax return for 2011 Nor can you offset taxes on income, other than passive income, with credits resulting from passive activities. How to file an amended tax return for 2011 Any excess loss or credit is carried forward to the next tax year. How to file an amended tax return for 2011   For a detailed discussion of these rules, see Publication 925. How to file an amended tax return for 2011    You may have to complete Form 8582 to figure the amount of any passive activity loss for the current tax year for all activities and the amount of the passive activity loss allowed on your tax return. How to file an amended tax return for 2011 Real estate professionals. How to file an amended tax return for 2011   Rental activities in which you materially participated during the year are not passive activities if, for that year, you were a real estate professional. How to file an amended tax return for 2011 For a detailed discussion of the requirements, see Publication 527. How to file an amended tax return for 2011 For a detailed discussion of material participation, see Publication 925. How to file an amended tax return for 2011 Exception for Personal Use of Dwelling Unit If you used the rental property as a home during the year, any income, deductions, gain, or loss allocable to such use shall not be taken into account for purposes of the passive activity loss limitation. How to file an amended tax return for 2011 Instead, follow the rules explained in Personal Use of Dwelling Unit (Including Vacation Home), earlier. How to file an amended tax return for 2011 Exception for Rental Real Estate Activities With Active Participation If you or your spouse actively participated in a passive rental real estate activity, you may be able to deduct up to $25,000 of loss from the activity from your nonpassive income. How to file an amended tax return for 2011 This special allowance is an exception to the general rule disallowing losses in excess of income from passive activities. How to file an amended tax return for 2011 Similarly, you may be able to offset credits from the activity against the tax on up to $25,000 of nonpassive income after taking into account any losses allowed under this exception. How to file an amended tax return for 2011 Active participation. How to file an amended tax return for 2011   You actively participated in a rental real estate activity if you (and your spouse) owned at least 10% of the rental property and you made management decisions or arranged for others to provide services (such as repairs) in a significant and bona fide sense. How to file an amended tax return for 2011 Management decisions that may count as active participation include approving new tenants, deciding on rental terms, approving expenditures, and similar decisions. How to file an amended tax return for 2011 Maximum special allowance. How to file an amended tax return for 2011   The maximum special allowance is: $25,000 for single individuals and married individuals filing a joint return for the tax year, $12,500 for married individuals who file separate returns for the tax year and lived apart from their spouses at all times during the tax year, and $25,000 for a qualifying estate reduced by the special allowance for which the surviving spouse qualified. How to file an amended tax return for 2011   If your modified adjusted gross income (MAGI) is $100,000 or less ($50,000 or less if married filing separately), you can deduct your loss up to the amount specified above. How to file an amended tax return for 2011 If your MAGI is more than $100,000 (more than $50,000 if married filing separately), your special allowance is limited to 50% of the difference between $150,000 ($75,000 if married filing separately) and your MAGI. How to file an amended tax return for 2011   Generally, if your MAGI is $150,000 or more ($75,000 or more if you are married filing separately), there is no special allowance. How to file an amended tax return for 2011 More information. How to file an amended tax return for 2011   See Publication 925 for more information on the passive loss limits, including information on the treatment of unused disallowed passive losses and credits and the treatment of gains and losses realized on the disposition of a passive activity. How to file an amended tax return for 2011 How To Report Rental Income and Expenses The basic form for reporting residential rental income and expenses is Schedule E (Form 1040). How to file an amended tax return for 2011 However, do not use that schedule to report a not-for-profit activity. How to file an amended tax return for 2011 See Not Rented for Profit, earlier. How to file an amended tax return for 2011 Providing substantial services. How to file an amended tax return for 2011   If you provide substantial services that are primarily for your tenant's convenience, such as regular cleaning, changing linen, or maid service, report your rental income and expenses on Schedule C (Form 1040), Profit or Loss From Business, or Schedule C-EZ (Form 1040), Net Profit From Business (Sole Proprietorship). How to file an amended tax return for 2011 Substantial services do not include the furnishing of heat and light, cleaning of public areas, trash collection, etc. How to file an amended tax return for 2011 For information, see Publication 334, Tax Guide for Small Business. How to file an amended tax return for 2011 You also may have to pay self-employment tax on your rental income using Schedule SE (Form 1040), Self-Employment Tax. How to file an amended tax return for 2011   Use Form 1065, U. How to file an amended tax return for 2011 S. How to file an amended tax return for 2011 Return of Partnership Income, if your rental activity is a partnership (including a partnership with your spouse unless it is a qualified joint venture). How to file an amended tax return for 2011 Qualified joint venture. How to file an amended tax return for 2011   If you and your spouse each materially participate as the only members of a jointly owned and operated real estate business, and you file a joint return for the tax year, you can make a joint election to be treated as a qualified joint venture instead of a partnership. How to file an amended tax return for 2011 This election, in most cases, will not increase the total tax owed on the joint return, but it does give each of you credit for social security earnings on which retirement benefits are based and for Medicare coverage if your rental income is subject to self-employment tax. How to file an amended tax return for 2011 For more information, see Publication 527. How to file an amended tax return for 2011 Form 1098, Mortgage Interest Statement. How to file an amended tax return for 2011    If you paid $600 or more of mortgage interest on your rental property to any one person, you should receive a Form 1098, or similar statement showing the interest you paid for the year. How to file an amended tax return for 2011 If you and at least one other person (other than your spouse if you file a joint return) were liable for, and paid interest on the mortgage, and the other person received the Form 1098, report your share of the interest on Schedule E (Form 1040), line 13. How to file an amended tax return for 2011 Attach a statement to your return showing the name and address of the other person. How to file an amended tax return for 2011 In the left margin of Schedule E, next to line 13, enter “See attached. How to file an amended tax return for 2011 ” Schedule E (Form 1040) If you rent buildings, rooms, or apartments, and provide basic services such as heat and light, trash collection, etc. How to file an amended tax return for 2011 , you normally report your rental income and expenses on Schedule E, Part I. How to file an amended tax return for 2011 List your total income, expenses, and depreciation for each rental property. How to file an amended tax return for 2011 Be sure to enter the number of fair rental and personal use days on line 2. How to file an amended tax return for 2011 If you have more than three rental or royalty properties, complete and attach as many Schedules E as are needed to list the properties. How to file an amended tax return for 2011 Complete lines 1 and 2 for each property. How to file an amended tax return for 2011 However, fill in lines 23a through 26 on only one Schedule E. How to file an amended tax return for 2011 On Schedule E, page 1, line 18, enter the depreciation you are claiming for each property. How to file an amended tax return for 2011 To find out if you need to attach Form 4562, see Form 4562, in chapter 3 of Publication 527. How to file an amended tax return for 2011 If you have a loss from your rental real estate activity, you also may need to complete one or both of the following forms. How to file an amended tax return for 2011 Form 6198, At-Risk Limitations. How to file an amended tax return for 2011 See At-Risk Rules , earlier. How to file an amended tax return for 2011 Also see Publication 925. How to file an amended tax return for 2011 Form 8582, Passive Activity Loss Limitations. How to file an amended tax return for 2011 See Passive Activity Limits , earlier. How to file an amended tax return for 2011 Page 2 of Schedule E is used to report income or loss from partnerships, S corporations, estates, trusts, and real estate mortgage investment conduits. How to file an amended tax return for 2011 If you need to use page 2 of Schedule E, be sure to use page 2 of the same Schedule E you used to enter your rental activity on page 1. How to file an amended tax return for 2011 Also, include the amount from line 26 (Part I) in the “Total income or (loss)” on line 41 (Part V). How to file an amended tax return for 2011 Worksheet 9-1. How to file an amended tax return for 2011 Worksheet for Figuring Rental Deductions for a Dwelling Unit Used as a Home Use this worksheet only if you answer “yes” to all of the following questions. How to file an amended tax return for 2011 Did you use the dwelling unit as a home this year? (See Dwelling Unit Used as a Home . How to file an amended tax return for 2011 ) Did you rent the dwelling unit at a fair rental price 15 days or more this year? Is the total of your rental expenses and depreciation more than your rental income? PART I. How to file an amended tax return for 2011 Rental Use Percentage A. How to file an amended tax return for 2011 Total days available for rent at fair rental price A. How to file an amended tax return for 2011       B. How to file an amended tax return for 2011 Total days available for rent (line A) but not rented B. How to file an amended tax return for 2011       C. How to file an amended tax return for 2011 Total days of rental use. How to file an amended tax return for 2011 Subtract line B from line A C. How to file an amended tax return for 2011       D. How to file an amended tax return for 2011 Total days of personal use (including days rented at less than fair rental price) D. How to file an amended tax return for 2011       E. How to file an amended tax return for 2011 Total days of rental and personal use. How to file an amended tax return for 2011 Add lines C and D E. How to file an amended tax return for 2011       F. How to file an amended tax return for 2011 Percentage of expenses allowed for rental. How to file an amended tax return for 2011 Divide line C by line E     F. How to file an amended tax return for 2011   PART II. How to file an amended tax return for 2011 Allowable Rental Expenses 1. How to file an amended tax return for 2011 Enter rents received 1. How to file an amended tax return for 2011   2a. How to file an amended tax return for 2011 Enter the rental portion of deductible home mortgage interest and qualified mortgage insurance premiums (see instructions) 2a. How to file an amended tax return for 2011       b. How to file an amended tax return for 2011 Enter the rental portion of real estate taxes b. How to file an amended tax return for 2011       c. How to file an amended tax return for 2011 Enter the rental portion of deductible casualty and theft losses (see instructions) c. How to file an amended tax return for 2011       d. How to file an amended tax return for 2011 Enter direct rental expenses (see instructions) d. How to file an amended tax return for 2011       e. How to file an amended tax return for 2011 Fully deductible rental expenses. How to file an amended tax return for 2011 Add lines 2a–2d. How to file an amended tax return for 2011 Enter here and  on the appropriate lines on Schedule E (see instructions) 2e. How to file an amended tax return for 2011   3. How to file an amended tax return for 2011 Subtract line 2e from line 1. How to file an amended tax return for 2011 If zero or less, enter -0- 3. How to file an amended tax return for 2011   4a. How to file an amended tax return for 2011 Enter the rental portion of expenses directly related to operating or maintaining  the dwelling unit (such as repairs, insurance, and utilities) 4a. How to file an amended tax return for 2011       b. How to file an amended tax return for 2011 Enter the rental portion of excess mortgage interest and qualified mortgage insurance premiums (see instructions) b. How to file an amended tax return for 2011       c. How to file an amended tax return for 2011 Carryover of operating expenses from 2012 worksheet c. How to file an amended tax return for 2011       d. How to file an amended tax return for 2011 Add lines 4a–4c d. How to file an amended tax return for 2011       e. How to file an amended tax return for 2011 Allowable expenses. How to file an amended tax return for 2011 Enter the smaller of line 3 or line 4d (see instructions) 4e. How to file an amended tax return for 2011   5. How to file an amended tax return for 2011 Subtract line 4e from line 3. How to file an amended tax return for 2011 If zero or less, enter -0- 5. How to file an amended tax return for 2011   6a. How to file an amended tax return for 2011 Enter the rental portion of excess casualty and theft losses (see instructions) 6a. How to file an amended tax return for 2011       b. How to file an amended tax return for 2011 Enter the rental portion of depreciation of the dwelling unit b. How to file an amended tax return for 2011       c. How to file an amended tax return for 2011 Carryover of excess casualty losses and depreciation from 2012 worksheet c. How to file an amended tax return for 2011       d. How to file an amended tax return for 2011 Add lines 6a–6c d. How to file an amended tax return for 2011       e. How to file an amended tax return for 2011 Allowable excess casualty and theft losses and depreciation. How to file an amended tax return for 2011 Enter the smaller of  line 5 or line 6d (see instructions) 6e. How to file an amended tax return for 2011   PART III. How to file an amended tax return for 2011 Carryover of Unallowed Expenses to Next Year 7a. How to file an amended tax return for 2011 Operating expenses to be carried over to next year. How to file an amended tax return for 2011 Subtract line 4e from line 4d 7a. How to file an amended tax return for 2011   b. How to file an amended tax return for 2011 Excess casualty and theft losses and depreciation to be carried over to next year. How to file an amended tax return for 2011  Subtract line 6e from line 6d b. How to file an amended tax return for 2011   Worksheet 9-1 Instructions. How to file an amended tax return for 2011 Worksheet for Figuring Rental Deductions for a Dwelling Unit Used as a Home Caution. How to file an amended tax return for 2011 Use the percentage determined in Part I, line F, to figure the rental portions to enter on lines 2a–2c, 4a–4b, and 6a–6b of  Part II. How to file an amended tax return for 2011 Line 2a. How to file an amended tax return for 2011 Figure the mortgage interest on the dwelling unit that you could deduct on Schedule A as if you had not rented the unit. How to file an amended tax return for 2011 Do not include interest on a loan that did not benefit the dwelling unit. How to file an amended tax return for 2011 For example, do not include interest on a home equity loan used to pay off credit cards or other personal loans, buy a car, or pay college tuition. How to file an amended tax return for 2011 Include interest on a loan used to buy, build, or improve the dwelling unit, or to refinance such a loan. How to file an amended tax return for 2011 Include the rental portion of this interest in the total you enter on line 2a of the worksheet. How to file an amended tax return for 2011   Figure the qualified mortgage insurance premiums on the dwelling unit that you could deduct on line 13 of Schedule A as if you had not rented the unit. How to file an amended tax return for 2011 See the Schedule A instructions. How to file an amended tax return for 2011 However, figure your adjusted gross income (Form 1040, line 38) without your rental income and expenses from the dwelling unit. How to file an amended tax return for 2011 See Line 4b to deduct the part of the qualified mortgage insurance premiums not allowed because of the adjusted gross income limit. How to file an amended tax return for 2011 Include the rental portion of the amount from Schedule A, line 13, in the total you enter on line 2a of the worksheet. How to file an amended tax return for 2011   Note. How to file an amended tax return for 2011 Do not file this Schedule A or use it to figure the amount to deduct on line 13 of that schedule. How to file an amended tax return for 2011 Instead, figure the personal portion on a separate Schedule A. How to file an amended tax return for 2011 If you have deducted mortgage interest or qualified mortgage insurance premiums on the dwelling unit on other forms, such as Schedule C or F, remember to reduce your Schedule A deduction by that amount. How to file an amended tax return for 2011           Line 2c. How to file an amended tax return for 2011 Figure the casualty and theft losses related to the dwelling unit that you could deduct on Schedule A as if you had not rented the dwelling unit. How to file an amended tax return for 2011 To do this, complete Section A of Form 4684, Casualties and Thefts, treating the losses as personal losses. How to file an amended tax return for 2011 If any of the loss is due to a federally declared disaster, see the Instructions for Form 4684. How to file an amended tax return for 2011 On Form 4684, line 17, enter 10% of your adjusted gross income figured without your rental income and expenses from the dwelling unit. How to file an amended tax return for 2011 Enter the rental portion of the result from Form 4684, line 18, on line 2c of this worksheet. How to file an amended tax return for 2011   Note. How to file an amended tax return for 2011 Do not file this Form 4684 or use it to figure your personal losses on Schedule A. How to file an amended tax return for 2011 Instead, figure the personal portion on a separate Form 4684. How to file an amended tax return for 2011           Line 2d. How to file an amended tax return for 2011 Enter the total of your rental expenses that are directly related only to the rental activity. How to file an amended tax return for 2011 These include interest on loans used for rental activities other than to buy, build, or improve the dwelling unit. How to file an amended tax return for 2011 Also include rental agency fees, advertising, office supplies, and depreciation on office equipment used in your rental activity. How to file an amended tax return for 2011           Line 2e. How to file an amended tax return for 2011 You can deduct the amounts on lines 2a, 2b, 2c, and 2d as rental expenses on Schedule E even if your rental expenses are more than your rental income. How to file an amended tax return for 2011 Enter the amounts on lines 2a, 2b, 2c, and 2d on the appropriate lines of Schedule E. How to file an amended tax return for 2011           Line 4b. How to file an amended tax return for 2011 On line 2a, you entered the rental portion of the mortgage interest and qualified mortgage insurance premiums you could deduct on Schedule A if you had not rented the dwelling unit. How to file an amended tax return for 2011 If you had additional mortgage interest and qualified mortgage insurance premiums that would not be deductible on Schedule A because of limits imposed on them, enter on line 4b of this worksheet the rental portion of those excess amounts. How to file an amended tax return for 2011 Do not include interest on a loan that did not benefit the dwelling unit (as explained in the line 2a instructions). How to file an amended tax return for 2011           Line 4e. How to file an amended tax return for 2011 You can deduct the amounts on lines 4a, 4b, and 4c as rental expenses on Schedule E only to the extent they are not more than the amount on line 4e. How to file an amended tax return for 2011 *           Line 6a. How to file an amended tax return for 2011 To find the rental portion of excess casualty and theft losses, use the Form 4684 you prepared for line 2c of this worksheet. How to file an amended tax return for 2011   A. How to file an amended tax return for 2011 Enter the amount from Form 4684, line 10       B. How to file an amended tax return for 2011 Enter the rental portion of line A       C. How to file an amended tax return for 2011 Enter the amount from line 2c of this worksheet       D. How to file an amended tax return for 2011 Subtract line C from line B. How to file an amended tax return for 2011 Enter the result here and on line 6a of this worksheet               Line 6e. How to file an amended tax return for 2011 You can deduct the amounts on lines 6a, 6b, and 6c as rental expenses on Schedule E only to the extent they are not more than the amount on line 6e. How to file an amended tax return for 2011 * *Allocating the limited deduction. How to file an amended tax return for 2011 If you cannot deduct all of the amount on line 4d or 6d this year, you can allocate the allowable deduction in any way you wish among the expenses included on line 4d or 6d. How to file an amended tax return for 2011 Enter the amount you allocate to each expense on the appropriate line of Schedule E, Part I. How to file an amended tax return for 2011 Prev  Up  Next   Home   More Online Publications

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How to file an amended tax return for 2011 13. How to file an amended tax return for 2011   Employment Taxes Table of Contents What's New for 2013 What's New for 2014 Reminders Important Dates for 2014 Introduction Topics - This chapter discusses: Useful Items - You may want to see: Farm Employment Family Employees Crew Leaders Social Security and Medicare TaxesReligious exemption. How to file an amended tax return for 2011 Wage limit. How to file an amended tax return for 2011 Federal Income Tax WithholdingNew Form W-4 for 2014. How to file an amended tax return for 2011 Required Notice to Employees About Earned Income Credit (EIC) Reporting and Paying Social Security, Medicare, and Withheld Federal Income TaxesElectronic deposit requirement. How to file an amended tax return for 2011 Federal Unemployment (FUTA) TaxReporting and Paying FUTA Tax What's New for 2013 Social security and Medicare tax for 2013. How to file an amended tax return for 2011  The employee tax rate for social security is 6. How to file an amended tax return for 2011 2%. How to file an amended tax return for 2011 Previously, the employee tax rate for social security was 4. How to file an amended tax return for 2011 2%. How to file an amended tax return for 2011 The employer tax rate for social security remains unchanged at 6. How to file an amended tax return for 2011 2%. How to file an amended tax return for 2011 The social security wage base limit is $113,700. How to file an amended tax return for 2011 The Medicare tax rate is 1. How to file an amended tax return for 2011 45% each for the employee and employer, unchanged from 2012. How to file an amended tax return for 2011 There is no wage base limit for Medicare tax. How to file an amended tax return for 2011 Additional Medicare Tax. How to file an amended tax return for 2011  In addition to withholding Medicare tax at 1. How to file an amended tax return for 2011 45%, you must withhold a 0. How to file an amended tax return for 2011 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. How to file an amended tax return for 2011 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 to file an amended tax return for 2011 Additional Medicare Tax is only imposed on the employee. How to file an amended tax return for 2011 There is no employer share of Additional Medicare Tax. How to file an amended tax return for 2011 All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 threshold. How to file an amended tax return for 2011 For more information on what wages are subject to Medicare tax, see the chart, Special Rules for Various Types of Services and Payments, in section 15 of Publication 15 (Circular E), Employer's Tax Guide. How to file an amended tax return for 2011 For more information on Additional Medicare Tax, visit IRS. How to file an amended tax return for 2011 gov and enter “Additional Medicare Tax” in the search box. How to file an amended tax return for 2011 Leave-based donation programs to aid victims of Hurricane Sandy. How to file an amended tax return for 2011  Under these programs, employees may donate their vacation, sick, or personal leave in exchange for employer cash payments made before January 1, 2014, to qualified tax-exempt organizations providing relief for the victims of Hurricane Sandy. How to file an amended tax return for 2011 The donated leave will not be included in the income or wages of the employee. How to file an amended tax return for 2011 The employer may deduct the cash payments as business expenses or charitable contributions. How to file an amended tax return for 2011 For more information, see Notice 2012-69, 2012-51 I. How to file an amended tax return for 2011 R. How to file an amended tax return for 2011 B. How to file an amended tax return for 2011 712, available at www. How to file an amended tax return for 2011 irs. How to file an amended tax return for 2011 gov/irb/2012-51_IRB/ar09. How to file an amended tax return for 2011 html. How to file an amended tax return for 2011 Work opportunity tax credit for qualified tax-exempt organizations hiring qualified veterans extended. How to file an amended tax return for 2011  The work opportunity tax credit is now available for eligible unemployed veterans who begin work before January 1, 2014. How to file an amended tax return for 2011 Previously, the credit was available for unemployed veterans who began work on or after November 22, 2011, and before January 1, 2013. How to file an amended tax return for 2011 Qualified tax-exempt organizations that hire eligible unemployed veterans can claim the work opportunity tax credit against their payroll tax liability using Form 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans. How to file an amended tax return for 2011 For more information, visit IRS. How to file an amended tax return for 2011 gov and enter “work opportunity credit” in the search box. How to file an amended tax return for 2011 What's New for 2014 Social security and Medicare tax for 2014. How to file an amended tax return for 2011  The employee and employer tax rates for social security and the maximum amount of wages subject to social security tax for 2014 will be discussed in Publication 51 (Circular A), Agricultural Employer's Tax Guide (For use in 2014). How to file an amended tax return for 2011 The Medicare tax rate for 2014 will also be discussed in Publication 51 (Circular A) (For use in 2014). How to file an amended tax return for 2011 There is no limit on the amount of wages subject to Medicare tax. How to file an amended tax return for 2011 Reminders Additional employment tax information for farmers. How to file an amended tax return for 2011  See Publication 51 (Circular A) for more detailed guidance on employment taxes. How to file an amended tax return for 2011 For the latest information about employment tax developments impacting farmers, go to www. How to file an amended tax return for 2011 irs. How to file an amended tax return for 2011 gov/pub51. How to file an amended tax return for 2011 Correcting a previously filed Form 943. How to file an amended tax return for 2011  If you discover an error on a previously filed Form 943, Employer's Annual Federal Tax Return for Agricultural Employees, make the correction using Form 943-X, Adjusted Employer's Annual Federal Tax Return for Agricultural Employees or Claim for Refund. How to file an amended tax return for 2011 Form 943-X is filed separately from Form 943. How to file an amended tax return for 2011 For more information on correcting Form 943, see the Instructions for Form 943-X. How to file an amended tax return for 2011 Federal tax deposits must be made by electronic funds transfer. How to file an amended tax return for 2011  You must use electronic funds transfer to make all federal tax deposits. How to file an amended tax return for 2011 Generally, electronic funds transfers are made using the Electronic Federal Tax Payment System (EFTPS). How to file an amended tax return for 2011 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 to file an amended tax return for 2011 Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. How to file an amended tax return for 2011 EFTPS is a free service provided by the Department of Treasury. How to file an amended tax return for 2011 Services provided by your tax professional, financial institution, payroll service, or other third party may have a fee. How to file an amended tax return for 2011 For more information on making federal tax deposits, see section 7 of Publication 51 (Circular A). How to file an amended tax return for 2011 To get more information about EFTPS or to enroll in EFTPS, visit www. How to file an amended tax return for 2011 eftps. How to file an amended tax return for 2011 gov or call 1-800-555-4477 or 1-800-733-4829 (TDD). How to file an amended tax return for 2011 Additional information about EFTPS is also available in Publication 966, Electronic Federal Tax Payment System: A Guide To Getting Started. How to file an amended tax return for 2011 Important Dates for 2014 You should take the action indicated by the dates listed. How to file an amended tax return for 2011 See By February 15 and On February 16 for Form W-4, Employee's Withholding Allowance Certificate, information. How to file an amended tax return for 2011 Due dates for deposits of withheld federal income taxes, social security taxes, and Medicare taxes are not listed here. How to file an amended tax return for 2011 For these dates, see Publication 509, Tax Calendars (For use in 2014). How to file an amended tax return for 2011 Note. How to file an amended tax return for 2011  If any date shown below for filing a return, furnishing a form, or depositing taxes falls on a Saturday, Sunday, or legal holiday, the due date is the next business day. How to file an amended tax return for 2011 A statewide legal holiday delays a filing or furnishing due date only if the IRS office where you are required to file a return or furnish a form is located in that state. How to file an amended tax return for 2011 For any due date, you will meet the “file” or “furnish” date requirement if the envelope containing the tax return or form is properly addressed, contains sufficient postage, and is postmarked by the U. How to file an amended tax return for 2011 S. How to file an amended tax return for 2011 Postal Service by the due date, or sent by an IRS-designated delivery service by the due date. How to file an amended tax return for 2011 See Private delivery services in Publication 51 (Circular A). How to file an amended tax return for 2011 Federal tax deposits can only be made by electronic funds transfer and are governed by legal holidays in the District of Columbia. How to file an amended tax return for 2011 Statewide holidays no longer apply. How to file an amended tax return for 2011 For a list of legal holidays that delay the due date of a federal tax deposit, see section 7 of Publication 51 (Circular A). How to file an amended tax return for 2011 Fiscal year taxpayers. How to file an amended tax return for 2011  The due dates listed below apply whether you use a calendar or a fiscal year. How to file an amended tax return for 2011 By January 31. How to file an amended tax return for 2011   File Form 943 with the IRS. How to file an amended tax return for 2011 If you deposited all Form 943 taxes when due, you have 10 additional days to file. How to file an amended tax return for 2011 Furnish each employee with a completed Form W-2, Wage and Tax Statement. How to file an amended tax return for 2011 Furnish each recipient to whom you paid $600 or more in nonemployee compensation with a completed Form 1099 (for example, Form 1099-MISC). How to file an amended tax return for 2011 File Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return, with the IRS. How to file an amended tax return for 2011 If you deposited all the FUTA tax when due, you have 10 additional days to file. How to file an amended tax return for 2011 File Form 945, Annual Return of Withheld Federal Income Tax, with the IRS to report any nonpayroll income tax withheld during 2013. How to file an amended tax return for 2011 If you deposited all Form 945 taxes when due, you have 10 additional days to file. How to file an amended tax return for 2011 By February 15. How to file an amended tax return for 2011  Ask for a new Form W-4 or Formulario W-4(SP), Certificado de Exención de Retenciones del Empleado, from each employee who claimed exemption from federal income tax withholding last year. How to file an amended tax return for 2011 On February 16. How to file an amended tax return for 2011  Any Form W-4 claiming exemption from withholding for the previous year has now expired. How to file an amended tax return for 2011 Begin withholding for any employee who previously claimed exemption from withholding but has not given you a new Form W-4 for the current year. How to file an amended tax return for 2011 If the employee does not give you a new Form W-4, withhold taxes based on the last valid Form W-4 you have for the employee that does not claim exemption from withholding or, if one does not exist, as if he or she is single with zero withholding allowances. How to file an amended tax return for 2011 If the employee furnishes a new Form W-4 claiming exemption from withholding after February 15, you may apply the exemption to future wages, but do not refund taxes withheld while the exempt status was not in place. How to file an amended tax return for 2011 By February 28. How to file an amended tax return for 2011   File paper Forms 1099 and 1096. How to file an amended tax return for 2011 File Copy A of all paper Forms 1099 with Form 1096, Annual Summary and Transmittal of U. How to file an amended tax return for 2011 S. How to file an amended tax return for 2011 Information Returns, with the IRS. How to file an amended tax return for 2011 For electronically filed returns, see By March 31 below. How to file an amended tax return for 2011 File paper Forms W-2 and W-3. How to file an amended tax return for 2011 File Copy A of all paper Forms W-2 with Form W-3, Transmittal of Wage and Tax Statements, with the Social Security Administration (SSA). How to file an amended tax return for 2011 For electronically filed returns, see By March 31 below. How to file an amended tax return for 2011 By March 31. How to file an amended tax return for 2011   File electronic Forms W-2 and 1099. How to file an amended tax return for 2011 File electronic Forms W-2 with the SSA and Forms 1099 with the IRS. How to file an amended tax return for 2011 For more information on reporting Form W-2 information to the SSA electronically, visit the SSA's Employer W-2 Filing Instructions & Information webpage at www. How to file an amended tax return for 2011 socialsecurity. How to file an amended tax return for 2011 gov/employer. How to file an amended tax return for 2011 For information on filing information returns electronically with the IRS, see Publication 1220, Specifications for Filing Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and W-2G Electronically. How to file an amended tax return for 2011 By April 30, July 31, October 31, and January 31. How to file an amended tax return for 2011   Deposit FUTA taxes. How to file an amended tax return for 2011 Deposit FUTA tax due if it is more than $500. How to file an amended tax return for 2011 Before December 1. How to file an amended tax return for 2011  Remind employees to submit a new Form W-4 if their withholding allowances have changed or will change for the next year. How to file an amended tax return for 2011 Introduction You are generally required to withhold federal income tax from the wages of your employees. How to file an amended tax return for 2011 You may also be subject to social security and Medicare taxes under the Federal Insurance Contributions Act (FICA) and federal unemployment tax under the Federal Unemployment Tax Act (FUTA). How to file an amended tax return for 2011 You must also withhold Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. How to file an amended tax return for 2011 This chapter includes information about these taxes. How to file an amended tax return for 2011 You must also pay self-employment tax on your net earnings from farming. How to file an amended tax return for 2011 See chapter 12 for information on self-employment tax. How to file an amended tax return for 2011 Topics - This chapter discusses: Farm employment, Family employees, Crew leaders, Social security and Medicare taxes, Additional Medicare Tax withholding, Federal income tax withholding, Reporting and paying social security, Medicare, and withheld federal income taxes, and FUTA tax. How to file an amended tax return for 2011 Useful Items - You may want to see: Publication 15 (Circular E), Employer's Tax Guide 15-A Employer's Supplemental Tax Guide 15-B Employer's Tax Guide to Fringe Benefits 51 (Circular A), Agricultural Employer's Tax Guide 926 Household Employer's Tax Guide Form (and Instructions) W-2 Wage and Tax Statement W-4 Employee's Withholding Allowance Certificate W-9 Request for Taxpayer Identification Number and Certification 940 Employer's Annual Federal Unemployment (FUTA) Tax Return 943 Employer's Annual Federal Tax Return for Agricultural Employees 943-X Adjusted Employer's Annual Federal Tax Return for Agricultural Employees or Claim for Refund See chapter 16 for information about getting publications and forms. How to file an amended tax return for 2011 Farm Employment In general, you are an employer of farmworkers if your employees do any of the following types of work. How to file an amended tax return for 2011 Raising or harvesting agricultural or horticultural products on a farm, including raising and feeding of livestock. How to file an amended tax return for 2011 Operating, managing, conserving, improving, or maintaining your farm and its tools and equipment. How to file an amended tax return for 2011 Services performed in salvaging timber, or clearing land of brush and other debris, left by a hurricane (also known as hurricane labor). How to file an amended tax return for 2011 Handling, processing, or packaging any agricultural or horticultural commodity if you produced more than half of the commodity (for a group of up to 20 unincorporated operators, all of the commodity). How to file an amended tax return for 2011 Work related to cotton ginning, turpentine, gum resin products, or the operation and maintenance of irrigation facilities. How to file an amended tax return for 2011 For more information, see Publication 51 (Circular A). How to file an amended tax return for 2011 Generally, a worker who performs services for you is your employee if you have the right to control what will be done and how it will be done. How to file an amended tax return for 2011 This is so even when you give the employee freedom of action. How to file an amended tax return for 2011 What matters is that you have the right to control the details of how the services are performed. How to file an amended tax return for 2011 You are responsible for withholding and paying employment taxes for your employees. How to file an amended tax return for 2011 You are also required to file employment tax returns. How to file an amended tax return for 2011 These requirements do not apply to amounts that you pay to independent contractors. How to file an amended tax return for 2011 See Publication 15-A for more information on how to determine whether an individual providing services is an independent contractor or an employee. How to file an amended tax return for 2011 If you employ a family of workers, each worker subject to your control (not just the head of the family) is an employee. How to file an amended tax return for 2011 Special rules apply to crew leaders. How to file an amended tax return for 2011 See Crew Leaders , later. How to file an amended tax return for 2011 Employer identification number (EIN). How to file an amended tax return for 2011   If you have employees, you must have an EIN. How to file an amended tax return for 2011 If you do not have an EIN, you may apply for one online. How to file an amended tax return for 2011 Go to IRS. How to file an amended tax return for 2011 gov and click on the Apply for an EIN Online link under Tools. How to file an amended tax return for 2011 You may also apply for an EIN by calling 1-800-829-4933 or 1-800-829-4059 (TDD/TTY for persons who are deaf, hard of hearing, or have a speech disability). How to file an amended tax return for 2011 The hours of operation for both numbers are Monday–Friday form 7:00 a. How to file an amended tax return for 2011 m. How to file an amended tax return for 2011 –7:00 p. How to file an amended tax return for 2011 m. How to file an amended tax return for 2011 local time (Alaska and Hawaii follow Pacific time). How to file an amended tax return for 2011 You can also fax or mail Form SS-4, Application for Employer Identification Number, to the IRS. How to file an amended tax return for 2011 Employee's social security number (SSN). How to file an amended tax return for 2011   An employee who does not have an SSN should submit Form SS-5, Application for a Social Security Card, to the Social Security Administration (SSA). How to file an amended tax return for 2011 Form SS-5 is available from any SSA office or by calling 1-800-772-1213 (operates 24 hours per day). How to file an amended tax return for 2011 It is also available from the SSA's website at www. How to file an amended tax return for 2011 socialsecurity. How to file an amended tax return for 2011 gov. How to file an amended tax return for 2011   The employee must furnish evidence of age, identity, and U. How to file an amended tax return for 2011 S. How to file an amended tax return for 2011 citizenship or lawful immigration status permitting employment with the Form SS-5. How to file an amended tax return for 2011 An employee who is age 18 or older must appear in person with this evidence at an SSA office. How to file an amended tax return for 2011 Form I-9. How to file an amended tax return for 2011    You must verify that each new employee is legally eligible to work in the United States. How to file an amended tax return for 2011 This includes completing the Form I-9, Employment Eligibility Verification. How to file an amended tax return for 2011 Form I-9 is available from the U. How to file an amended tax return for 2011 S. How to file an amended tax return for 2011 Citizenship and Immigration Services (USCIS) offices or by calling the Bureau of Citizenship and Immigration Services Forms Request Line at 1-800-870-3676. How to file an amended tax return for 2011 Form I-9 is also available from the USCIS website at www. How to file an amended tax return for 2011 uscis. How to file an amended tax return for 2011 gov. How to file an amended tax return for 2011 You can also contact the USCIS at 1-800-375-5283 for more information. How to file an amended tax return for 2011 New hire reporting. How to file an amended tax return for 2011   You are required to report any new employee to a designated state new hire registry. How to file an amended tax return for 2011 Many states accept a copy of Form W-4 with employer information added. How to file an amended tax return for 2011 Visit the Office of Child Support Enforcement website at www. How to file an amended tax return for 2011 acf. How to file an amended tax return for 2011 hhs. How to file an amended tax return for 2011 gov/programs/cse/newhire for more information. How to file an amended tax return for 2011 Family Employees Generally, the wages you pay to family members who are your employees are subject to employment taxes. How to file an amended tax return for 2011 However, certain exemptions may apply to wages paid to your child, spouse, or parent. How to file an amended tax return for 2011 Exemptions for your child. How to file an amended tax return for 2011   Payments for the services of your child under age 18 who works for you in your trade or business (including a farm) are not subject to social security and Medicare taxes. How to file an amended tax return for 2011 However, see Nonexempt services of a child or spouse , later. How to file an amended tax return for 2011 Payments for the services of your child under age 21 employed by you in other than a trade or business, such as payments for household services in your home, are also not subject to social security or Medicare taxes. How to file an amended tax return for 2011 Payments for the services of your child under age 21 employed by you, whether or not in your trade or business, are not subject to FUTA tax. How to file an amended tax return for 2011 Although not subject to social security, Medicare, or FUTA tax, the child's wages still may be subject to federal income tax withholding. How to file an amended tax return for 2011 Exemptions for your spouse. How to file an amended tax return for 2011   Payments for the services of your spouse who works for you in your trade or business are subject to federal income tax withholding and social security and Medicare taxes, but not FUTA tax. How to file an amended tax return for 2011   Payments for the services of your spouse employed by you in other than a trade or business, such as payments for household services in your home, are not subject to social security, Medicare, or FUTA taxes. How to file an amended tax return for 2011 Nonexempt services of a child or spouse. How to file an amended tax return for 2011   Payments for the services of your child or spouse are subject to federal income tax withholding as well as social security, Medicare, and FUTA taxes if he or she works for any of the following entities. How to file an amended tax return for 2011 A corporation, even if it is controlled by you. How to file an amended tax return for 2011 A partnership, even if you are a partner. How to file an amended tax return for 2011 This does not apply to wages paid to your child if each partner is a parent of the child. How to file an amended tax return for 2011 An estate or trust, even if it is the estate of a deceased parent. How to file an amended tax return for 2011 In these situations, the child or spouse is considered to work for the corporation, partnership, or estate, not you. How to file an amended tax return for 2011 Exemptions for your parent. How to file an amended tax return for 2011   Payments for the services of your parent employed by you in your trade or business are subject to federal income tax withholding and social security and Medicare taxes. How to file an amended tax return for 2011 Social security and Medicare taxes do not apply to wages paid to your parent for services not in your trade or business, but they do apply to payments for household services in your home if both the following conditions are satisfied. How to file an amended tax return for 2011 You have a child living in your home who is under age 18 or has a physical or mental condition that requires care by an adult for at least 4 continuous weeks in a calendar quarter. How to file an amended tax return for 2011 You are a widow or widower; or divorced and not remarried; or have a spouse in the home who, because of a physical or mental condition, cannot care for your child for at least 4 continuous weeks in the quarter. How to file an amended tax return for 2011   Wages you pay to your parent are not subject to FUTA tax, regardless of the type of services provided. How to file an amended tax return for 2011 Qualified joint venture. How to file an amended tax return for 2011   If spouses elect to be treated as a qualified joint venture instead of a partnership, either spouse may report and pay the employment taxes due on the wages paid to employees using the EIN of that spouse's sole proprietorship. How to file an amended tax return for 2011 For more information about qualified joint ventures, see chapter 12. How to file an amended tax return for 2011 Crew Leaders If farmworkers are provided by a crew leader, the crew leader may be the employer of the workers. How to file an amended tax return for 2011 Social security and Medicare taxes. How to file an amended tax return for 2011   For social security and Medicare tax purposes, the crew leader is the employer of the workers if both of the following requirements are met. How to file an amended tax return for 2011 The crew leader pays (either on his or her own behalf or on behalf of the farmer) the workers for their farm labor. How to file an amended tax return for 2011 The crew leader has not entered into a written agreement with the farmer under which the crew leader is designated as an employee of the farmer. How to file an amended tax return for 2011 Federal income tax withholding. How to file an amended tax return for 2011   If the crew leader is the employer for social security and Medicare tax purposes, the crew leader is the employer for federal income tax withholding purposes. How to file an amended tax return for 2011 Federal unemployment (FUTA) tax. How to file an amended tax return for 2011   For FUTA tax purposes, the crew leader is the employer of the workers if, in addition to the earlier requirements, either of the following requirements are met. How to file an amended tax return for 2011 The crew leader is registered under the Migrant and Seasonal Agricultural Worker Protection Act. How to file an amended tax return for 2011 Substantially all crew members operate or maintain mechanized equipment provided by the crew leader as part of the service to the farmer. How to file an amended tax return for 2011   The farmer is the employer of workers furnished by a crew leader in all other situations. How to file an amended tax return for 2011 In addition, the farmer is the employer of workers furnished by a registered crew leader if the workers are the employees of the farmer under the common-law test. How to file an amended tax return for 2011 For example, some farmers employ individuals to recruit farmworkers exclusively for them. How to file an amended tax return for 2011 Although these individuals may be required to register under the Migrant and Seasonal Agricultural Worker Protection Act, the workers are employed directly by the farmer. How to file an amended tax return for 2011 The farmer is the employer in these cases. How to file an amended tax return for 2011 For information about common-law employees, see section 1 of Publication 15-A. How to file an amended tax return for 2011 For information about crew leaders, see the Department of Labor website at www. How to file an amended tax return for 2011 dol. How to file an amended tax return for 2011 gov/whd/regs/compliance/whdfs49. How to file an amended tax return for 2011 htm. How to file an amended tax return for 2011 Social Security and Medicare Taxes All cash wages you pay to an employee during the year for farmwork are subject to social security and Medicare taxes if you meet either of the following tests. How to file an amended tax return for 2011 You pay the employee $150 or more in cash wages (count all wages paid on a time, piecework, or other basis) during the year for farmwork (the $150 test). How to file an amended tax return for 2011 The $150 test applies separately to each farmworker that you employ. How to file an amended tax return for 2011 If you employ a family of workers, each member is treated separately. How to file an amended tax return for 2011 Do not count wages paid by other employers. How to file an amended tax return for 2011 You pay cash and noncash wages of $2,500 or more during the year to all your employees for farmwork (the $2,500 test). How to file an amended tax return for 2011 If the $2,500 test for the group is not met, the $150 test for an employee still applies. How to file an amended tax return for 2011 Exceptions. How to file an amended tax return for 2011   Annual cash wages of less than $150 you pay to a seasonal farmworker are not subject to social security and Medicare taxes, even if you pay $2,500 or more to all your farmworkers. How to file an amended tax return for 2011 However, these wages count toward the $2,500 test for determining whether other farmworkers' wages are subject to social security and Medicare taxes. How to file an amended tax return for 2011   A seasonal farmworker is a worker who: Works as a hand-harvest laborer, Is paid piece rates in an operation usually paid on this basis in the region of employment, Commutes daily from his or her permanent home to the farm, and Worked in agriculture less than 13 weeks in the preceding calendar year. How to file an amended tax return for 2011   See Family Employees , earlier, for certain exemptions from social security and Medicare taxes that apply to your child, spouse, and parent. How to file an amended tax return for 2011 Religious exemption. How to file an amended tax return for 2011   An exemption from social security and Medicare taxes is available to members of a recognized religious group or division opposed to public insurance. How to file an amended tax return for 2011 This exemption is available only if both the employee and the employer are members of the group or division. How to file an amended tax return for 2011   For more information, see Publication 517, Social Security and Other Information for Members of the Clergy and Religious Workers. How to file an amended tax return for 2011 Cash wages. How to file an amended tax return for 2011   Only cash wages paid to farmworkers are subject to social security and Medicare taxes. How to file an amended tax return for 2011 Cash wages include checks, money orders, and any kind of money or cash. How to file an amended tax return for 2011   Only cash wages subject to social security and Medicare taxes are credited to your employees for social security benefit purposes. How to file an amended tax return for 2011 Payments not subject to these taxes, such as commodity wages, do not contribute to your employees' social security coverage. How to file an amended tax return for 2011 For information about social security benefits, contact the SSA at 1-800-772-1213 or online at www. How to file an amended tax return for 2011 socialsecurity. How to file an amended tax return for 2011 gov. How to file an amended tax return for 2011 Noncash wages. How to file an amended tax return for 2011    Noncash wages include food, lodging, clothing, transportation passes, and other goods and services. How to file an amended tax return for 2011 Noncash wages paid to farmworkers, including commodity wages, are not subject to social security and Medicare taxes. How to file an amended tax return for 2011 However, they are subject to these taxes if the substance of the transaction is a cash payment. How to file an amended tax return for 2011 For information on lodging provided as a condition of employment, see Publication 15-B. How to file an amended tax return for 2011   Report the value of noncash wages in box 1 of Form W-2 together with cash wages. How to file an amended tax return for 2011 Do not show noncash wages in box 3 or in box 5, (unless the substance of the transaction is a cash payment). How to file an amended tax return for 2011 Tax rates and social security wage limit. How to file an amended tax return for 2011   For 2013, the employer and the employee will pay the following taxes. How to file an amended tax return for 2011 The employer and employee each pay 6. How to file an amended tax return for 2011 2% of cash wages for social security tax (old-age, survivors, and disability insurance). How to file an amended tax return for 2011 The employer and employee each pay 1. How to file an amended tax return for 2011 45% of cash wages for Medicare tax (hospital insurance). How to file an amended tax return for 2011 The employee pays 0. How to file an amended tax return for 2011 9% of cash wages in excess of $200,000 for Additional Medicare Tax. How to file an amended tax return for 2011 Wage limit. How to file an amended tax return for 2011   The limit on wages subject to the social security tax for 2013 is $113,700. How to file an amended tax return for 2011 There is no limit on wages subject to the Medicare tax. How to file an amended tax return for 2011 All covered wages are subject to the Medicare tax. How to file an amended tax return for 2011 Additionally, all wages in excess of $200,000 are subject to Additional Medicare Tax withholding. How to file an amended tax return for 2011 Paying employee's share. How to file an amended tax return for 2011   If you would rather pay the employee's share of social security and Medicare taxes without deducting it from his or her wages, you may do so. How to file an amended tax return for 2011 It is additional income to the employee. How to file an amended tax return for 2011 You must include it in box 1 of the employee's Form W-2, but do not count it as social security and Medicare wages (boxes 3 and 5 on Form W-2) or as wages for federal unemployment (FUTA) tax purposes. How to file an amended tax return for 2011 Example. How to file an amended tax return for 2011 Jane operates a small family fruit farm. How to file an amended tax return for 2011 She employs day laborers in the picking season to enable her to timely get her crop to market. How to file an amended tax return for 2011 She does not deduct the employees' share of social security and Medicare taxes from their pay; instead, she pays it on their behalf. How to file an amended tax return for 2011 When her accountant, Susan, prepares the employees' Forms W-2, she adds each employee's share of social security and Medicare taxes paid by Jane to the employee's wage income (box 1 of Form W-2), but does not include it in box 3 (social security wages) or box 5 (Medicare wages and tips). How to file an amended tax return for 2011 For 2013, Jane paid Mary $1,000 during the year. How to file an amended tax return for 2011 Susan enters $1,076. How to file an amended tax return for 2011 50 in box 1 of Mary's Form W-2 ($1,000 wages plus $76. How to file an amended tax return for 2011 50 social security and Medicare taxes paid for Mary). How to file an amended tax return for 2011 She enters $1,000 in boxes 3 and 5 of Mary's Form W-2. How to file an amended tax return for 2011 Additional Medicare Tax. How to file an amended tax return for 2011   In addition to withholding Medicare tax at 1. How to file an amended tax return for 2011 45%, you must withhold a 0. How to file an amended tax return for 2011 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. How to file an amended tax return for 2011 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 to file an amended tax return for 2011 Additional Medicare Tax is only imposed on the employee. How to file an amended tax return for 2011 There is no employer share of Additional Medicare Tax. How to file an amended tax return for 2011 All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 threshold. How to file an amended tax return for 2011   For more information on what wages are subject to Medicare tax, see the chart, Special Rules for Various Types of Services and Payments, in section 15 of Publication 15 (Circular E). How to file an amended tax return for 2011 For more information on Additional Medicare Tax, visit IRS. How to file an amended tax return for 2011 gov and enter “Additional Medicare Tax” in the search box. How to file an amended tax return for 2011 Federal Income Tax Withholding If the cash wages you pay to farmworkers are subject to social security and Medicare taxes, they are also subject to federal income tax withholding. How to file an amended tax return for 2011 Although noncash wages are subject to federal income tax, withhold income tax only if you and the employee agree to do so. How to file an amended tax return for 2011 The amount to withhold is figured on gross wages without taking out social security and Medicare taxes, union dues, insurance, etc. How to file an amended tax return for 2011 Form W-4. How to file an amended tax return for 2011   Generally, the amount of federal income tax you withhold is based on the employee's marital status and withholding allowances claimed on the employee's Form W-4. How to file an amended tax return for 2011 In general, an employee can claim withholding allowances on Form W-4 equal to the number of exemptions the employee will be entitled to claim on his or her tax return. How to file an amended tax return for 2011 An employee may also be able to claim a special withholding allowance and allowances for estimated deductions and credits. How to file an amended tax return for 2011   Do not withhold federal income tax from the wages of an employee who, by filing Form W-4, certifies that he or she had no federal income tax liability last year and anticipates no liability for the current year. How to file an amended tax return for 2011   You should give each new employee a Form W-4 as soon as you hire the employee. How to file an amended tax return for 2011 For Spanish-speaking employees, you may use Formulario W-4(SP) which is the Spanish translation of Form W-4. How to file an amended tax return for 2011 Have the employee complete and return the form to you before the first payday. How to file an amended tax return for 2011 If the employee does not return the completed form, you must withhold federal income tax as if the employee is single and claims no withholding allowances. How to file an amended tax return for 2011 New Form W-4 for 2014. How to file an amended tax return for 2011   You should make the 2014 Form W-4 available to your employees and encourage them to check their income tax withholding for 2014. How to file an amended tax return for 2011 Those employees who owed a large amount of tax or received a large refund for 2013 may want to submit a new Form W-4. How to file an amended tax return for 2011 You cannot accept substitute Forms W-4 developed by employees. How to file an amended tax return for 2011 How to figure withholding. How to file an amended tax return for 2011   You can use one of several methods to determine the amount to withhold. How to file an amended tax return for 2011 The methods are described in Publication 51 (Circular A), which contains tables showing the correct amount of federal income tax you should withhold. How to file an amended tax return for 2011 Publication 51 (Circular A) also contains additional information about federal income tax withholding. How to file an amended tax return for 2011 Nonemployee compensation. How to file an amended tax return for 2011   Generally, you do not have to withhold federal income tax on payments for services to individuals who are not your employees. How to file an amended tax return for 2011 However, you may be required to report these payments on Form 1099-MISC, Miscellaneous Income, and to withhold under the backup withholding rules. How to file an amended tax return for 2011 For more information, see the Instructions for Form 1099-MISC. How to file an amended tax return for 2011 Required Notice to Employees About Earned Income Credit (EIC) You must provide notification about EIC to each employee who worked for you at any time during the year and from whom you did not withhold any federal income tax. How to file an amended tax return for 2011 However, you do not have to notify employees who claim exemption from federal income tax withholding on Form W-4. How to file an amended tax return for 2011 You meet the notification requirement by giving each employee any of the following. How to file an amended tax return for 2011 Form W-2, which contains EIC notification on the back of Copy B. How to file an amended tax return for 2011 A substitute Form W-2 with the exact EIC wording shown on the back of copy B of Form W-2. How to file an amended tax return for 2011 Notice 797, Possible Federal Tax Refund Due to the Earned Income Credit (EIC). How to file an amended tax return for 2011 Your own written statement with the exact wording of Notice 797. How to file an amended tax return for 2011 For more information, see Publication 51 (Circular A). How to file an amended tax return for 2011 Reporting and Paying Social Security, Medicare, and Withheld Federal Income Taxes You must withhold federal income, social security, and Medicare taxes required to be withheld from the salaries and wages of your employees. How to file an amended tax return for 2011 You are liable for the payment of these taxes to the federal government whether or not you collect them from your employees. How to file an amended tax return for 2011 If, for example, you withhold less than the correct tax from an employee's wages, you are still liable for the full amount. How to file an amended tax return for 2011 You must also pay the employer's share of social security and Medicare taxes. How to file an amended tax return for 2011 There is no employer share of Additional Medicare Tax. How to file an amended tax return for 2011 Form 943. How to file an amended tax return for 2011   Report withheld federal income tax, social security tax, and Medicare tax on Form 943. How to file an amended tax return for 2011 Your 2013 Form 943 is due by January 31, 2014 (or February 10, 2014, if you made deposits on time in full payment of the taxes due for the year). How to file an amended tax return for 2011 Deposits. How to file an amended tax return for 2011   Generally, you must deposit both the employer and employee shares of social security and Medicare taxes and federal income tax withheld during the year. How to file an amended tax return for 2011 However, you may make payments with Form 943 instead of depositing them if you accumulate less than a $2,500 tax liability (“Total taxes after adjustments” line on Form 943) during the year and you pay in full with a timely filed return. How to file an amended tax return for 2011   For more information on deposit rules, see Publication 51 (Circular A). How to file an amended tax return for 2011 Electronic deposit requirement. How to file an amended tax return for 2011   You must use electronic funds transfer to make all federal tax deposits. How to file an amended tax return for 2011 Generally, electronic funds transfers are made using EFTPS. How to file an amended tax return for 2011 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 to file an amended tax return for 2011 Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. How to file an amended tax return for 2011 EFTPS is a free service provided by the Department of Treasury. How to file an amended tax return for 2011 Services provided by your tax professional, financial institution, payroll service, or other third party may have a fee. How to file an amended tax return for 2011   For more information on making federal tax deposits, see section 7 of Publication 51 (Circular A). How to file an amended tax return for 2011 To get more information about EFTPS or to enroll in EFTPS, visit www. How to file an amended tax return for 2011 eftps. How to file an amended tax return for 2011 gov or call 1-800-555-4477 or 1-800-733-4829 (TDD). How to file an amended tax return for 2011 Additional information about EFTPS is also available in Publication 966. How to file an amended tax return for 2011 Form W-2. How to file an amended tax return for 2011   By January 31, you must furnish each employee a Form W-2 showing total wages for the previous year and total federal income tax, social security tax, and Medicare tax withheld. How to file an amended tax return for 2011 However, if an employee stops working for you and requests the form earlier, you must give it to the employee within 30 days of the later of the following dates. How to file an amended tax return for 2011 The date the employee requests the form. How to file an amended tax return for 2011 The date you make your final payment of wages to the employee. How to file an amended tax return for 2011 Compensation paid to H-2A visa holders. How to file an amended tax return for 2011   Report compensation of $600 or more paid to foreign agricultural workers who entered the country on H-2A visas in box 1 of Form W-2. How to file an amended tax return for 2011 Compensation paid to H-2A workers for agricultural labor performed in connection with this visa is not subject to social security and Medicare taxes, and therefore should not be reported as wages subject to social security tax (line 2), Medicare tax (line 4), or Additional Medicare Tax (line 6) on Form 943, and should not be reported as social security wages (box 3) or Medicare wages (box 5) on Form W-2. How to file an amended tax return for 2011   An employer is not required to withhold federal income tax from compensation it pays to an H-2A worker for agricultural labor performed in connection with this visa unless the worker asks for withholding and the employer agrees. How to file an amended tax return for 2011 In this case, the worker must give the employer a completed Form W-4. How to file an amended tax return for 2011 Federal income tax withheld should be reported on Form 943, line 8, and in box 2 of Form W-2. How to file an amended tax return for 2011   These reporting rules apply when the H-2A worker provides his or her taxpayer identification number (TIN) to the employer. How to file an amended tax return for 2011 For the rules relating to backup withholding and reporting when the H-2A worker does not provide a TIN, see the Instructions for Form 1099-MISC and the Instructions for Form 945. How to file an amended tax return for 2011 Trust fund recovery penalty. How to file an amended tax return for 2011   If you are responsible for withholding, accounting for, depositing, or paying federal withholding taxes and willfully fail to do so, you can be held liable for a penalty equal to the withheld tax not paid. How to file an amended tax return for 2011 A responsible person can be an officer of a corporation, a partner, a sole proprietor, or an employee of any form of business. How to file an amended tax return for 2011 A trustee or agent with authority over the funds of the business can also be held responsible for the penalty. How to file an amended tax return for 2011   Willfully means voluntarily, consciously, and intentionally. How to file an amended tax return for 2011 Paying other expenses of the business instead of the taxes due is acting willfully. How to file an amended tax return for 2011 Consequences of treating an employee as an independent contractor. How to file an amended tax return for 2011   If you classify an employee as an independent contractor and you have no reasonable basis for doing so, you may be held liable for employment taxes for that worker. How to file an amended tax return for 2011 See Publication 15-A for more information. How to file an amended tax return for 2011 Federal Unemployment (FUTA) Tax You must pay FUTA tax if you meet either of the following tests. How to file an amended tax return for 2011 You paid cash wages of $20,000 or more to farmworkers in any calendar quarter during the current or preceding calendar year. How to file an amended tax return for 2011 You employed 10 or more farmworkers for some part of at least 1 day during any 20 or more different calendar weeks during the current or preceding calendar year. How to file an amended tax return for 2011 These rules do not apply to exempt services of your spouse, your parents, or your children under age 21. How to file an amended tax return for 2011 See Family Employees , earlier. How to file an amended tax return for 2011 Alien farmworkers. How to file an amended tax return for 2011   Wages paid to aliens admitted on a temporary basis to the United States to perform farmwork (also known as “H-2A visa workers”) are exempt from FUTA tax. How to file an amended tax return for 2011 However, include your employment of these workers and the wages you paid them to determine whether you meet either of the above tests. How to file an amended tax return for 2011 Commodity wages. How to file an amended tax return for 2011   Payments in kind for farm labor are not cash wages. How to file an amended tax return for 2011 Do not count them to figure whether you are subject to FUTA tax or to figure how much tax you owe. How to file an amended tax return for 2011 Tax rate and credit. How to file an amended tax return for 2011   The gross FUTA tax rate is 6. How to file an amended tax return for 2011 0% of the first $7,000 cash wages you pay to each employee during the year. How to file an amended tax return for 2011 However, you are given a credit of up to 5. How to file an amended tax return for 2011 4% of the first $7,000 cash wages you pay to each employee for the state unemployment tax you pay. How to file an amended tax return for 2011 If your state tax rate (experience rate) is less than 5. How to file an amended tax return for 2011 4%, you may still be allowed the full 5. How to file an amended tax return for 2011 4% credit. How to file an amended tax return for 2011   If you do not pay the state tax, you cannot take the credit. How to file an amended tax return for 2011 If you are exempt from state unemployment tax for any reason, the full 6. How to file an amended tax return for 2011 0% rate applies. How to file an amended tax return for 2011 See the Instructions for Form 940 for additional information. How to file an amended tax return for 2011 More information. How to file an amended tax return for 2011   For more information on FUTA tax, see Publication 51 (Circular A). How to file an amended tax return for 2011 Reporting and Paying FUTA Tax The FUTA tax is imposed on you as the employer. How to file an amended tax return for 2011 It must not be collected or deducted from the wages of your employees. How to file an amended tax return for 2011 Form 940. How to file an amended tax return for 2011   Report FUTA tax on Form 940. How to file an amended tax return for 2011 The 2013 Form 940 is due January 31, 2014 (or February 10, 2014, if you timely deposited the full amount of your 2013 FUTA tax). How to file an amended tax return for 2011 Deposits. How to file an amended tax return for 2011   If at the end of any calendar quarter you owe, but have not yet deposited, more than $500 in FUTA tax for the year, you must make a deposit by the end of the following month. How to file an amended tax return for 2011 If the undeposited tax is $500 or less at the end of a quarter, you do not have to deposit it. How to file an amended tax return for 2011 You can add it to the tax for the next quarter. How to file an amended tax return for 2011 If the total undeposited tax is more than $500 at the end of the next quarter, a deposit will be required. How to file an amended tax return for 2011 If the total undeposited tax at the end of the 4th quarter is $500 or less, you can either make a deposit or pay it with your return by the January 31, 2014, due date. How to file an amended tax return for 2011 Electronic deposit requirement. How to file an amended tax return for 2011   You must use electronic funds transfer to make all federal tax deposits. How to file an amended tax return for 2011 Generally, electronic funds transfers are made using EFTPS. How to file an amended tax return for 2011 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 to file an amended tax return for 2011 Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. How to file an amended tax return for 2011 EFTPS is a free service provided by the Department of Treasury. How to file an amended tax return for 2011 Services provided by your tax professional, financial institution, payroll service, or other third party may have a fee. How to file an amended tax return for 2011   For more information on making federal tax deposits, see section 7 of Publication 51 (Circular A). How to file an amended tax return for 2011 To get more information about EFTPS or to enroll in EFTPS, visit www. How to file an amended tax return for 2011 eftps. How to file an amended tax return for 2011 gov or call 1-800-555-4477 or 1-800-733-4829 (TDD). How to file an amended tax return for 2011 Additional information about EFTPS is also available in Publication 966. 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