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Hr block 1040nr 4. Hr block 1040nr   Tax Withholding and Estimated Tax Table of Contents What's New for 2014 Reminders Introduction Useful Items - You may want to see: Tax Withholding for 2014Salaries and Wages Tips Taxable Fringe Benefits Sick Pay Pensions and Annuities Gambling Winnings Unemployment Compensation Federal Payments Backup Withholding Estimated Tax for 2014Who Does Not Have To Pay Estimated Tax Who Must Pay Estimated Tax How To Figure Estimated Tax When To Pay Estimated Tax How To Figure Each Payment How To Pay Estimated Tax Credit for Withholding and Estimated Tax for 2013Withholding Estimated Tax Underpayment Penalty for 2013 What's New for 2014 Tax law changes for 2014. Hr block 1040nr  When you figure how much income tax you want withheld from your pay and when you figure your estimated tax, consider tax law changes effective in 2014. Hr block 1040nr For more information, see Publication 505. Hr block 1040nr Reminders Estimated tax safe harbor for higher income taxpayers. Hr block 1040nr  If your 2013 adjusted gross income was more than $150,000 ($75,000 if you are married filing a separate return), you must pay the smaller of 90% of your expected tax for 2014 or 110% of the tax shown on your 2013 return to avoid an estimated tax penalty. Hr block 1040nr Introduction This chapter discusses how to pay your tax as you earn or receive income during the year. Hr block 1040nr In general, the federal income tax is a pay-as-you-go tax. Hr block 1040nr There are two ways to pay as you go. Hr block 1040nr Withholding. Hr block 1040nr If you are an employee, your employer probably withholds income tax from your pay. Hr block 1040nr Tax also may be withheld from certain other income, such as pensions, bonuses, commissions, and gambling winnings. Hr block 1040nr The amount withheld is paid to the IRS in your name. Hr block 1040nr Estimated tax. Hr block 1040nr If you do not pay your tax through withholding, or do not pay enough tax that way, you may have to pay estimated tax. Hr block 1040nr People who are in business for themselves generally will have to pay their tax this way. Hr block 1040nr Also, you may have to pay estimated tax if you receive income such as dividends, interest, capital gains, rent, and royalties. Hr block 1040nr Estimated tax is used to pay not only income tax, but self-employment tax and alternative minimum tax as well. Hr block 1040nr This chapter explains these methods. Hr block 1040nr In addition, it also explains the following. Hr block 1040nr Credit for withholding and estimated tax. Hr block 1040nr When you file your 2013 income tax return, take credit for all the income tax withheld from your salary, wages, pensions, etc. Hr block 1040nr , and for the estimated tax you paid for 2013. Hr block 1040nr Also take credit for any excess social security or railroad retirement tax withheld (discussed in chapter 37). Hr block 1040nr Underpayment penalty. Hr block 1040nr If you did not pay enough tax during the year, either through withholding or by making estimated tax payments, you may have to pay a penalty. Hr block 1040nr In most cases, the IRS can figure this penalty for you. Hr block 1040nr See Underpayment Penalty for 2013 at the end of this chapter. Hr block 1040nr Useful Items - You may want to see: Publication 505 Tax Withholding and Estimated Tax Form (and Instructions) W-4 Employee's Withholding Allowance Certificate W-4P Withholding Certificate for Pension or Annuity Payments W-4S Request for Federal Income Tax Withholding From Sick Pay W-4V Voluntary Withholding Request 1040-ES Estimated Tax for Individuals 2210 Underpayment of Estimated Tax by Individuals, Estates, and Trusts 2210-F Underpayment of Estimated Tax by Farmers and Fishermen Tax Withholding for 2014 This section discusses income tax withholding on: Salaries and wages, Tips, Taxable fringe benefits, Sick pay, Pensions and annuities, Gambling winnings, Unemployment compensation, and Certain federal payments. Hr block 1040nr This section explains the rules for withholding tax from each of these types of income. Hr block 1040nr This section also covers backup withholding on interest, dividends, and other payments. Hr block 1040nr Salaries and Wages Income tax is withheld from the pay of most employees. Hr block 1040nr Your pay includes your regular pay, bonuses, commissions, and vacation allowances. Hr block 1040nr It also includes reimbursements and other expense allowances paid under a nonaccountable plan. Hr block 1040nr See Supplemental Wages , later, for more information about reimbursements and allowances paid under a nonaccountable plan. Hr block 1040nr If your income is low enough that you will not have to pay income tax for the year, you may be exempt from withholding. Hr block 1040nr This is explained under Exemption From Withholding , later. Hr block 1040nr You can ask your employer to withhold income tax from noncash wages and other wages not subject to withholding. Hr block 1040nr If your employer does not agree to withhold tax, or if not enough is withheld, you may have to pay estimated tax, as discussed later under Estimated Tax for 2014 . Hr block 1040nr Military retirees. Hr block 1040nr   Military retirement pay is treated in the same manner as regular pay for income tax withholding purposes, even though it is treated as a pension or annuity for other tax purposes. Hr block 1040nr Household workers. Hr block 1040nr   If you are a household worker, you can ask your employer to withhold income tax from your pay. Hr block 1040nr A household worker is an employee who performs household work in a private home, local college club, or local fraternity or sorority chapter. Hr block 1040nr   Tax is withheld only if you want it withheld and your employer agrees to withhold it. Hr block 1040nr If you do not have enough income tax withheld, you may have to pay estimated tax, as discussed later under Estimated Tax for 2014 . Hr block 1040nr Farmworkers. Hr block 1040nr   Generally, income tax is withheld from your cash wages for work on a farm unless your employer does both of these: Pays you cash wages of less than $150 during the year, and Has expenditures for agricultural labor totaling less than $2,500 during the year. Hr block 1040nr Differential wage payments. Hr block 1040nr    When employees are on leave from employment for military duty, some employers make up the difference between the military pay and civilian pay. Hr block 1040nr Payments to an employee who is on active duty for a period of more than 30 days will be subject to income tax withholding, but not subject to social security or Medicare taxes. Hr block 1040nr The wages and withholding will be reported on Form W-2, Wage and Tax Statement. Hr block 1040nr   The credit employers can claim for differential wages paid to activated military reservists is scheduled to expire for wages paid after December 31, 2013. Hr block 1040nr Determining Amount of Tax Withheld Using Form W-4 The amount of income tax your employer withholds from your regular pay depends on two things. Hr block 1040nr The amount you earn in each payroll period. Hr block 1040nr The information you give your employer on Form W-4. Hr block 1040nr Form W-4 includes four types of information that your employer will use to figure your withholding. Hr block 1040nr Whether to withhold at the single rate or at the lower married rate. Hr block 1040nr How many withholding allowances you claim (each allowance reduces the amount withheld). Hr block 1040nr Whether you want an additional amount withheld. Hr block 1040nr Whether you are claiming an exemption from withholding in 2014. Hr block 1040nr See Exemption From Withholding , later. Hr block 1040nr Note. Hr block 1040nr You must specify a filing status and a number of withholding allowances on Form W-4. Hr block 1040nr You cannot specify only a dollar amount of withholding. Hr block 1040nr New Job When you start a new job, you must fill out Form W-4 and give it to your employer. Hr block 1040nr Your employer should have copies of the form. Hr block 1040nr If you need to change the information later, you must fill out a new form. Hr block 1040nr If you work only part of the year (for example, you start working after the beginning of the year), too much tax may be withheld. Hr block 1040nr You may be able to avoid overwithholding if your employer agrees to use the part-year method. Hr block 1040nr See Part-Year Method in chapter 1 of Publication 505 for more information. Hr block 1040nr Employee also receiving pension income. Hr block 1040nr   If you receive pension or annuity income and begin a new job, you will need to file Form W-4 with your new employer. Hr block 1040nr However, you can choose to split your withholding allowances between your pension and job in any manner. Hr block 1040nr Changing Your Withholding During the year changes may occur to your marital status, exemptions, adjustments, deductions, or credits you expect to claim on your tax return. Hr block 1040nr When this happens, you may need to give your employer a new Form W-4 to change your withholding status or your number of allowances. Hr block 1040nr If the changes reduce the number of allowances you are claiming or changes your marital status from married to single, you must give your employer a new Form W-4 within 10 days. Hr block 1040nr Generally, you can submit a new Form W-4 whenever you wish to change the number of your withholding allowances for any other reason. Hr block 1040nr Changing your withholding for 2015. Hr block 1040nr   If events in 2014 will decrease the number of your withholding allowances for 2015, you must give your employer a new Form W-4 by December 1, 2014. Hr block 1040nr If the event occurs in December 2014, submit a new Form W-4 within 10 days. Hr block 1040nr Checking Your Withholding After you have given your employer a Form W-4, you can check to see whether the amount of tax withheld from your pay is too little or too much. Hr block 1040nr If too much or too little tax is being withheld, you should give your employer a new Form W-4 to change your withholding. Hr block 1040nr You should try to have your withholding match your actual tax liability. Hr block 1040nr If not enough tax is withheld, you will owe tax at the end of the year and may have to pay interest and a penalty. Hr block 1040nr If too much tax is withheld, you will lose the use of that money until you get your refund. Hr block 1040nr Always check your withholding if there are personal or financial changes in your life or changes in the law that might change your tax liability. Hr block 1040nr Note. Hr block 1040nr You cannot give your employer a payment to cover withholding on salaries and wages for past pay periods or a payment for estimated tax. Hr block 1040nr Completing Form W-4 and Worksheets Form W-4 has worksheets to help you figure how many withholding allowances you can claim. Hr block 1040nr The worksheets are for your own records. Hr block 1040nr Do not give them to your employer. Hr block 1040nr Multiple jobs. Hr block 1040nr   If you have income from more than one job at the same time, complete only one set of Form W-4 worksheets. Hr block 1040nr Then split your allowances between the Forms W-4 for each job. Hr block 1040nr You cannot claim the same allowances with more than one employer at the same time. Hr block 1040nr You can claim all your allowances with one employer and none with the other(s), or divide them any other way. Hr block 1040nr Married individuals. Hr block 1040nr   If both you and your spouse are employed and expect to file a joint return, figure your withholding allowances using your combined income, adjustments, deductions, exemptions, and credits. Hr block 1040nr Use only one set of worksheets. Hr block 1040nr You can divide your total allowances any way, but you cannot claim an allowance that your spouse also claims. Hr block 1040nr   If you and your spouse expect to file separate returns, figure your allowances using separate worksheets based on your own individual income, adjustments, deductions, exemptions, and credits. Hr block 1040nr Alternative method of figuring withholding allowances. Hr block 1040nr   You do not have to use the Form W-4 worksheets if you use a more accurate method of figuring the number of withholding allowances. Hr block 1040nr For more information, see Alternative method of figuring withholding allowances under Completing Form W-4 and Worksheets in Publication 505, chapter 1. Hr block 1040nr Personal Allowances Worksheet. Hr block 1040nr   Use the Personal Allowances Worksheet on Form W-4 to figure your withholding allowances based on exemptions and any special allowances that apply. Hr block 1040nr Deduction and Adjustments Worksheet. Hr block 1040nr   Use the Deduction and Adjustments Worksheet on Form W-4 if you plan to itemize your deductions, claim certain credits, or claim adjustments to the income on your 2014 tax return and you want to reduce your withholding. Hr block 1040nr Also, complete this worksheet when you have changes to these items to see if you need to change your withholding. Hr block 1040nr Two-Earners/Multiple Jobs Worksheet. Hr block 1040nr   You may need to complete the Two-Earners/Multiple Jobs Worksheet on Form W-4 if you have more than one job, a working spouse, or are also receiving a pension. Hr block 1040nr Also, on this worksheet you can add any additional withholding necessary to cover any amount you expect to owe other than income tax, such as self-employment tax. Hr block 1040nr Getting the Right Amount of Tax Withheld In most situations, the tax withheld from your pay will be close to the tax you figure on your return if you follow these two rules. Hr block 1040nr You accurately complete all the Form W-4 worksheets that apply to you. Hr block 1040nr You give your employer a new Form W-4 when changes occur. Hr block 1040nr But because the worksheets and withholding methods do not account for all possible situations, you may not be getting the right amount withheld. Hr block 1040nr This is most likely to happen in the following situations. Hr block 1040nr You are married and both you and your spouse work. Hr block 1040nr You have more than one job at a time. Hr block 1040nr You have nonwage income, such as interest, dividends, alimony, unemployment compensation, or self-employment income. Hr block 1040nr You will owe additional amounts with your return, such as self-employment tax. Hr block 1040nr Your withholding is based on obsolete Form W-4 information for a substantial part of the year. Hr block 1040nr Your earnings are more than the amount shown under Check your withholding in the instructions at the top of page 1 of Form W-4. Hr block 1040nr You work only part of the year. Hr block 1040nr You change the number of your withholding allowances during the year. Hr block 1040nr Cumulative wage method. Hr block 1040nr   If you change the number of your withholding allowances during the year, too much or too little tax may have been withheld for the period before you made the change. Hr block 1040nr You may be able to compensate for this if your employer agrees to use the cumulative wage withholding method for the rest of the year. Hr block 1040nr You must ask your employer in writing to use this method. Hr block 1040nr   To be eligible, you must have been paid for the same kind of payroll period (weekly, biweekly, etc. Hr block 1040nr ) since the beginning of the year. Hr block 1040nr Publication 505 To make sure you are getting the right amount of tax withheld, get Publication 505. Hr block 1040nr It will help you compare the total tax to be withheld during the year with the tax you can expect to figure on your return. Hr block 1040nr It also will help you determine how much, if any, additional withholding is needed each payday to avoid owing tax when you file your return. Hr block 1040nr If you do not have enough tax withheld, you may have to pay estimated tax, as explained under Estimated Tax for 2014 , later. Hr block 1040nr You can use the IRS Withholding Calculator at www. Hr block 1040nr irs. Hr block 1040nr gov/Individuals, instead of Publication 505 or the worksheets included with Form W-4, to determine whether you need to have your withholding increased or decreased. Hr block 1040nr Rules Your Employer Must Follow It may be helpful for you to know some of the withholding rules your employer must follow. Hr block 1040nr These rules can affect how to fill out your Form W-4 and how to handle problems that may arise. Hr block 1040nr New Form W-4. Hr block 1040nr   When you start a new job, your employer should have you complete a Form W-4. Hr block 1040nr Beginning with your first payday, your employer will use the information you give on the form to figure your withholding. Hr block 1040nr   If you later fill out a new Form W-4, your employer can put it into effect as soon as possible. Hr block 1040nr The deadline for putting it into effect is the start of the first payroll period ending 30 or more days after you turn it in. Hr block 1040nr No Form W-4. Hr block 1040nr   If you do not give your employer a completed Form W-4, your employer must withhold at the highest rate, as if you were single and claimed no withholding allowances. Hr block 1040nr Repaying withheld tax. Hr block 1040nr   If you find you are having too much tax withheld because you did not claim all the withholding allowances you are entitled to, you should give your employer a new Form W-4. Hr block 1040nr Your employer cannot repay any of the tax previously withheld. Hr block 1040nr Instead, claim the full amount withheld when you file your tax return. Hr block 1040nr   However, if your employer has withheld more than the correct amount of tax for the Form W-4 you have in effect, you do not have to fill out a new Form W-4 to have your withholding lowered to the correct amount. Hr block 1040nr Your employer can repay the amount that was withheld incorrectly. Hr block 1040nr If you are not repaid, your Form W-2 will reflect the full amount actually withheld, which you would claim when you file your tax return. Hr block 1040nr Exemption From Withholding If you claim exemption from withholding, your employer will not withhold federal income tax from your wages. Hr block 1040nr The exemption applies only to income tax, not to social security or Medicare tax. Hr block 1040nr You can claim exemption from withholding for 2014 only if both of the following situations apply. Hr block 1040nr For 2013 you had a right to a refund of all federal income tax withheld because you had no tax liability. Hr block 1040nr For 2014 you expect a refund of all federal income tax withheld because you expect to have no tax liability. Hr block 1040nr Students. Hr block 1040nr   If you are a student, you are not automatically exempt. Hr block 1040nr See chapter 1 to find out if you must file a return. Hr block 1040nr If you work only part time or only during the summer, you may qualify for exemption from withholding. Hr block 1040nr Age 65 or older or blind. Hr block 1040nr   If you are 65 or older or blind, use Worksheet 1-3 or 1-4 in chapter 1 of Publication 505, to help you decide if you qualify for exemption from withholding. Hr block 1040nr Do not use either worksheet if you will itemize deductions, claim exemptions for dependents, or claim tax credits on your 2014 return. Hr block 1040nr Instead, see Itemizing deductions or claiming exemptions or credits in chapter 1 of Publication 505. Hr block 1040nr Claiming exemption from withholding. Hr block 1040nr   To claim exemption, you must give your employer a Form W-4. Hr block 1040nr Do not complete lines 5 and 6. Hr block 1040nr Enter “Exempt” on line 7. Hr block 1040nr   If you claim exemption, but later your situation changes so that you will have to pay income tax after all, you must file a new Form W-4 within 10 days after the change. Hr block 1040nr If you claim exemption in 2014, but you expect to owe income tax for 2015, you must file a new Form W-4 by December 1, 2014. Hr block 1040nr   Your claim of exempt status may be reviewed by the IRS. Hr block 1040nr An exemption is good for only 1 year. Hr block 1040nr   You must give your employer a new Form W-4 by February 15 each year to continue your exemption. Hr block 1040nr Supplemental Wages Supplemental wages include bonuses, commissions, overtime pay, vacation allowances, certain sick pay, and expense allowances under certain plans. Hr block 1040nr The payer can figure withholding on supplemental wages using the same method used for your regular wages. Hr block 1040nr However, if these payments are identified separately from your regular wages, your employer or other payer of supplemental wages can withhold income tax from these wages at a flat rate. Hr block 1040nr Expense allowances. Hr block 1040nr   Reimbursements or other expense allowances paid by your employer under a nonaccountable plan are treated as supplemental wages. Hr block 1040nr   Reimbursements or other expense allowances paid under an accountable plan that are more than your proven expenses are treated as paid under a nonaccountable plan if you do not return the excess payments within a reasonable period of time. Hr block 1040nr   For more information about accountable and nonaccountable expense allowance plans, see Reimbursements in chapter 26. Hr block 1040nr Penalties You may have to pay a penalty of $500 if both of the following apply. Hr block 1040nr You make statements or claim withholding allowances on your Form W-4 that reduce the amount of tax withheld. Hr block 1040nr You have no reasonable basis for those statements or allowances at the time you prepare your Form W-4. Hr block 1040nr There is also a criminal penalty for willfully supplying false or fraudulent information on your Form W-4 or for willfully failing to supply information that would increase the amount withheld. Hr block 1040nr The penalty upon conviction can be either a fine of up to $1,000 or imprisonment for up to 1 year, or both. Hr block 1040nr These penalties will apply if you deliberately and knowingly falsify your Form W-4 in an attempt to reduce or eliminate the proper withholding of taxes. Hr block 1040nr A simple error or an honest mistake will not result in one of these penalties. Hr block 1040nr For example, a person who has tried to figure the number of withholding allowances correctly, but claims seven when the proper number is six, will not be charged a W-4 penalty. Hr block 1040nr Tips The tips you receive while working on your job are considered part of your pay. Hr block 1040nr You must include your tips on your tax return on the same line as your regular pay. Hr block 1040nr However, tax is not withheld directly from tip income, as it is from your regular pay. Hr block 1040nr Nevertheless, your employer will take into account the tips you report when figuring how much to withhold from your regular pay. Hr block 1040nr See chapter 6 for information on reporting your tips to your employer. Hr block 1040nr For more information on the withholding rules for tip income, see Publication 531, Reporting Tip Income. Hr block 1040nr How employer figures amount to withhold. Hr block 1040nr   The tips you report to your employer are counted as part of your income for the month you report them. Hr block 1040nr Your employer can figure your withholding in either of two ways. Hr block 1040nr By withholding at the regular rate on the sum of your pay plus your reported tips. Hr block 1040nr By withholding at the regular rate on your pay plus a percentage of your reported tips. Hr block 1040nr Not enough pay to cover taxes. Hr block 1040nr   If your regular pay is not enough for your employer to withhold all the tax (including income tax and social security and Medicare taxes (or the equivalent railroad retirement tax)) due on your pay plus your tips, you can give your employer money to cover the shortage. Hr block 1040nr See Giving your employer money for taxes in chapter 6. Hr block 1040nr Allocated tips. Hr block 1040nr   Your employer should not withhold income tax, Medicare tax, social security tax, or railroad retirement tax on any allocated tips. Hr block 1040nr Withholding is based only on your pay plus your reported tips. Hr block 1040nr Your employer should refund to you any incorrectly withheld tax. Hr block 1040nr See Allocated Tips in chapter 6 for more information. Hr block 1040nr Taxable Fringe Benefits The value of certain noncash fringe benefits you receive from your employer is considered part of your pay. Hr block 1040nr Your employer generally must withhold income tax on these benefits from your regular pay. Hr block 1040nr For information on fringe benefits, see Fringe Benefits under Employee Compensation in chapter 5. Hr block 1040nr Although the value of your personal use of an employer-provided car, truck, or other highway motor vehicle is taxable, your employer can choose not to withhold income tax on that amount. Hr block 1040nr Your employer must notify you if this choice is made. Hr block 1040nr For more information on withholding on taxable fringe benefits, see chapter 1 of Publication 505. Hr block 1040nr Sick Pay Sick pay is a payment to you to replace your regular wages while you are temporarily absent from work due to sickness or personal injury. Hr block 1040nr To qualify as sick pay, it must be paid under a plan to which your employer is a party. Hr block 1040nr If you receive sick pay from your employer or an agent of your employer, income tax must be withheld. Hr block 1040nr An agent who does not pay regular wages to you may choose to withhold income tax at a flat rate. Hr block 1040nr However, if you receive sick pay from a third party who is not acting as an agent of your employer, income tax will be withheld only if you choose to have it withheld. Hr block 1040nr See Form W-4S , later. Hr block 1040nr If you receive payments under a plan in which your employer does not participate (such as an accident or health plan where you paid all the premiums), the payments are not sick pay and usually are not taxable. Hr block 1040nr Union agreements. Hr block 1040nr   If you receive sick pay under a collective bargaining agreement between your union and your employer, the agreement may determine the amount of income tax withholding. Hr block 1040nr See your union representative or your employer for more information. Hr block 1040nr Form W-4S. Hr block 1040nr   If you choose to have income tax withheld from sick pay paid by a third party, such as an insurance company, you must fill out Form W-4S. Hr block 1040nr Its instructions contain a worksheet you can use to figure the amount you want withheld. Hr block 1040nr They also explain restrictions that may apply. Hr block 1040nr   Give the completed form to the payer of your sick pay. Hr block 1040nr The payer must withhold according to your directions on the form. Hr block 1040nr Estimated tax. Hr block 1040nr   If you do not request withholding on Form W-4S, or if you do not have enough tax withheld, you may have to make estimated tax payments. Hr block 1040nr If you do not pay enough tax, either through estimated tax or withholding, or a combination of both, you may have to pay a penalty. Hr block 1040nr See Underpayment Penalty for 2013 at the end of this chapter. Hr block 1040nr Pensions and Annuities Income tax usually will be withheld from your pension or annuity distributions unless you choose not to have it withheld. Hr block 1040nr This rule applies to distributions from: A traditional individual retirement arrangement (IRA); A life insurance company under an endowment, annuity, or life insurance contract; A pension, annuity, or profit-sharing plan; A stock bonus plan; and Any other plan that defers the time you receive compensation. Hr block 1040nr The amount withheld depends on whether you receive payments spread out over more than 1 year (periodic payments), within 1 year (nonperiodic payments), or as an eligible rollover distribution (ERD). Hr block 1040nr Income tax withholding from an ERD is mandatory. Hr block 1040nr More information. Hr block 1040nr   For more information on taxation of annuities and distributions (including ERDs) from qualified retirement plans, see chapter 10. Hr block 1040nr For information on IRAs, see chapter 17. Hr block 1040nr For more information on withholding on pensions and annuities, including a discussion of Form W-4P, see Pensions and Annuities in chapter 1 of Publication 505. Hr block 1040nr Gambling Winnings Income tax is withheld at a flat 25% rate from certain kinds of gambling winnings. Hr block 1040nr Gambling winnings of more than $5,000 from the following sources are subject to income tax withholding. Hr block 1040nr Any sweepstakes; wagering pool, including payments made to winners of poker tournaments; or lottery. Hr block 1040nr Any other wager, if the proceeds are at least 300 times the amount of the bet. Hr block 1040nr It does not matter whether your winnings are paid in cash, in property, or as an annuity. Hr block 1040nr Winnings not paid in cash are taken into account at their fair market value. Hr block 1040nr Exception. Hr block 1040nr   Gambling winnings from bingo, keno, and slot machines generally are not subject to income tax withholding. Hr block 1040nr However, you may need to provide the payer with a social security number to avoid withholding. Hr block 1040nr See Backup withholding on gambling winnings in chapter 1 of Publication 505. Hr block 1040nr If you receive gambling winnings not subject to withholding, you may need to pay estimated tax. Hr block 1040nr See Estimated Tax for 2014 , later. Hr block 1040nr If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Hr block 1040nr See Underpayment Penalty for 2013 at the end of this chapter. Hr block 1040nr Form W-2G. Hr block 1040nr   If a payer withholds income tax from your gambling winnings, you should receive a Form W-2G, Certain Gambling Winnings, showing the amount you won and the amount withheld. Hr block 1040nr Report the tax withheld on line 62 of Form 1040. Hr block 1040nr Unemployment Compensation You can choose to have income tax withheld from unemployment compensation. Hr block 1040nr To make this choice, fill out Form W-4V (or a similar form provided by the payer) and give it to the payer. Hr block 1040nr All unemployment compensation is taxable. Hr block 1040nr So, if you do not have income tax withheld, you may have to pay estimated tax. Hr block 1040nr See Estimated Tax for 2014 , later. Hr block 1040nr If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Hr block 1040nr For information, see Underpayment Penalty for 2013 at the end of this chapter. Hr block 1040nr Federal Payments You can choose to have income tax withheld from certain federal payments you receive. Hr block 1040nr These payments are: Social security benefits, Tier 1 railroad retirement benefits, Commodity credit corporation loans you choose to include in your gross income, Payments under the Agricultural Act of 1949 (7 U. Hr block 1040nr S. Hr block 1040nr C. Hr block 1040nr 1421 et. Hr block 1040nr seq. Hr block 1040nr ), as amended, or title II of the Disaster Assistance Act of 1988, that are treated as insurance proceeds and that you receive because: Your crops were destroyed or damaged by drought, flood, or any other natural disaster, or You were unable to plant crops because of a natural disaster described in (a), and Any other payment under Federal law as determined by the Secretary. Hr block 1040nr To make this choice, fill out Form W-4V (or a similar form provided by the payer) and give it to the payer. Hr block 1040nr If you do not choose to have income tax withheld, you may have to pay estimated tax. Hr block 1040nr See Estimated Tax for 2014 , later. Hr block 1040nr If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Hr block 1040nr For information, see Underpayment Penalty for 2013 at the end of this chapter. Hr block 1040nr More information. Hr block 1040nr   For more information about the tax treatment of social security and railroad retirement benefits, see chapter 11. Hr block 1040nr Get Publication 225, Farmer's Tax Guide, for information about the tax treatment of commodity credit corporation loans or crop disaster payments. Hr block 1040nr Backup Withholding Banks or other businesses that pay you certain kinds of income must file an information return (Form 1099) with the IRS. Hr block 1040nr The information return shows how much you were paid during the year. Hr block 1040nr It also includes your name and taxpayer identification number (TIN). Hr block 1040nr TINs are explained in chapter 1 under Social Security Number (SSN) . Hr block 1040nr These payments generally are not subject to withholding. Hr block 1040nr However, “backup” withholding is required in certain situations. Hr block 1040nr Backup withholding can apply to most kinds of payments that are reported on Form 1099. Hr block 1040nr The payer must withhold at a flat 28% rate in the following situations. Hr block 1040nr You do not give the payer your TIN in the required manner. Hr block 1040nr The IRS notifies the payer that the TIN you gave is incorrect. Hr block 1040nr You are required, but fail, to certify that you are not subject to backup withholding. Hr block 1040nr The IRS notifies the payer to start withholding on interest or dividends because you have underreported interest or dividends on your income tax return. Hr block 1040nr The IRS will do this only after it has mailed you four notices over at least a 210-day period. Hr block 1040nr See Backup Withholding in chapter 1 of Publication 505 for more information. Hr block 1040nr Penalties. Hr block 1040nr   There are civil and criminal penalties for giving false information to avoid backup withholding. Hr block 1040nr The civil penalty is $500. Hr block 1040nr The criminal penalty, upon conviction, is a fine of up to $1,000 or imprisonment of up to 1 year, or both. Hr block 1040nr Estimated Tax for 2014 Estimated tax is the method used to pay tax on income that is not subject to withholding. Hr block 1040nr This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes, and awards. Hr block 1040nr You also may have to pay estimated tax if the amount of income tax being withheld from your salary, pension, or other income is not enough. Hr block 1040nr Estimated tax is used to pay both income tax and self-employment tax, as well as other taxes and amounts reported on your tax return. Hr block 1040nr If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Hr block 1040nr If you do not pay enough by the due date of each payment period (see When To Pay Estimated Tax , later), you may be charged a penalty even if you are due a refund when you file your tax return. Hr block 1040nr For information on when the penalty applies, see Underpayment Penalty for 2013 at the end of this chapter. Hr block 1040nr Who Does Not Have To Pay Estimated Tax If you receive salaries or wages, you can avoid having to pay estimated tax by asking your employer to take more tax out of your earnings. Hr block 1040nr To do this, give a new Form W-4 to your employer. Hr block 1040nr See chapter 1 of Publication 505. Hr block 1040nr Estimated tax not required. Hr block 1040nr   You do not have to pay estimated tax for 2014 if you meet all three of the following conditions. Hr block 1040nr You had no tax liability for 2013. Hr block 1040nr You were a U. Hr block 1040nr S. Hr block 1040nr citizen or resident alien for the whole year. Hr block 1040nr Your 2013 tax year covered a 12-month period. Hr block 1040nr   You had no tax liability for 2013 if your total tax was zero or you did not have to file an income tax return. Hr block 1040nr For the definition of “total tax” for 2013, see Publication 505, chapter 2. Hr block 1040nr Who Must Pay Estimated Tax If you owe additional tax for 2013, you may have to pay estimated tax for 2014. Hr block 1040nr You can use the following general rule as a guide during the year to see if you will have enough withholding, or if you should increase your withholding or make estimated tax payments. Hr block 1040nr General rule. Hr block 1040nr   In most cases, you must pay estimated tax for 2014 if both of the following apply. Hr block 1040nr You expect to owe at least $1,000 in tax for 2014, after subtracting your withholding and refundable credits. Hr block 1040nr You expect your withholding plus your refundable credits to be less than the smaller of: 90% of the tax to be shown on your 2014 tax return, or 100% of the tax shown on your 2013 tax return (but see Special rules for farmers, fishermen, and higher income taxpayers, later). Hr block 1040nr Your 2013 tax return must cover all 12 months. Hr block 1040nr    If the result from using the general rule above suggests that you will not have enough withholding, complete the 2014 Estimated Tax Worksheet in Publication 505 for a more accurate calculation. Hr block 1040nr Special rules for farmers, fishermen, and higher income taxpayers. Hr block 1040nr   If at least two-thirds of your gross income for tax year 2013 or 2014 is from farming or fishing, substitute 662/3% for 90% in (2a) under the General rule, earlier. Hr block 1040nr If your AGI for 2013 was more than $150,000 ($75,000 if your filing status for 2014 is married filing a separate return), substitute 110% for 100% in (2b) under General rule , earlier. Hr block 1040nr See Figure 4-A and Publication 505, chapter 2 for more information. Hr block 1040nr Figure 4-A. Hr block 1040nr Do You Have To Pay Estimated Tax? Please click here for the text description of the image. Hr block 1040nr Figure 4-A Do You Have To Pay Estimated Tax? Aliens. Hr block 1040nr   Resident and nonresident aliens also may have to pay estimated tax. Hr block 1040nr Resident aliens should follow the rules in this chapter unless noted otherwise. Hr block 1040nr Nonresident aliens should get Form 1040-ES (NR), U. Hr block 1040nr S. Hr block 1040nr Estimated Tax for Nonresident Alien Individuals. Hr block 1040nr   You are an alien if you are not a citizen or national of the United States. Hr block 1040nr You are a resident alien if you either have a green card or meet the substantial presence test. Hr block 1040nr For more information about the substantial presence test, see Publication 519, U. Hr block 1040nr S. Hr block 1040nr Tax Guide for Aliens. Hr block 1040nr Married taxpayers. Hr block 1040nr   If you qualify to make joint estimated tax payments, apply the rules discussed here to your joint estimated income. Hr block 1040nr   You and your spouse can make joint estimated tax payments even if you are not living together. Hr block 1040nr   However, you and your spouse cannot make joint estimated tax payments if:  You are legally separated under a decree of divorce or separate maintenance, You and your spouse have different tax years, or Either spouse is a nonresident alien (unless that spouse elected to be treated as a resident alien for tax purposes (see chapter 1 of Publication 519)). Hr block 1040nr   If you do not qualify to make joint estimated tax payments, apply these rules to your separate estimated income. Hr block 1040nr Making joint or separate estimated tax payments will not affect your choice of filing a joint tax return or separate returns for 2014. Hr block 1040nr 2013 separate returns and 2014 joint return. Hr block 1040nr   If you plan to file a joint return with your spouse for 2014, but you filed separate returns for 2013, your 2013 tax is the total of the tax shown on your separate returns. Hr block 1040nr You filed a separate return if you filed as single, head of household, or married filing separately. Hr block 1040nr 2013 joint return and 2014 separate returns. Hr block 1040nr   If you plan to file a separate return for 2014 but you filed a joint return for 2013, your 2013 tax is your share of the tax on the joint return. Hr block 1040nr You file a separate return if you file as single, head of household, or married filing separately. Hr block 1040nr   To figure your share of the tax on the joint return, first figure the tax both you and your spouse would have paid had you filed separate returns for 2013 using the same filing status as for 2014. Hr block 1040nr Then multiply the tax on the joint return by the following fraction. Hr block 1040nr     The tax you would have paid had you filed a separate return   The total tax you and your spouse would have paid had you filed separate returns Example. Hr block 1040nr Joe and Heather filed a joint return for 2013 showing taxable income of $48,500 and a tax of $6,386. Hr block 1040nr Of the $48,500 taxable income, $40,100 was Joe's and the rest was Heather's. Hr block 1040nr For 2014, they plan to file married filing separately. Hr block 1040nr Joe figures his share of the tax on the 2013 joint return as follows. Hr block 1040nr   Tax on $40,100 based on a separate return $5,960     Tax on $8,400 based on a separate return 843     Total $6,803     Joe's percentage of total ($5,960 ÷ $6,803) 87. Hr block 1040nr 6%     Joe's share of tax on joint return  ($6,386 × 87. Hr block 1040nr 6%) $5,594   How To Figure Estimated Tax To figure your estimated tax, you must figure your expected adjusted gross income (AGI), taxable income, taxes, deductions, and credits for the year. Hr block 1040nr When figuring your 2014 estimated tax, it may be helpful to use your income, deductions, and credits for 2013 as a starting point. Hr block 1040nr Use your 2013 federal tax return as a guide. Hr block 1040nr You can use Form 1040-ES and Publication 505 to figure your estimated tax. Hr block 1040nr Nonresident aliens use Form 1040-ES (NR) and Publication 505 to figure estimated tax (see chapter 8 of Publication 519 for more information). Hr block 1040nr You must make adjustments both for changes in your own situation and for recent changes in the tax law. Hr block 1040nr For a discussion of these changes, visit IRS. Hr block 1040nr gov. Hr block 1040nr For more complete information on how to figure your estimated tax for 2014, see chapter 2 of Publication 505. Hr block 1040nr When To Pay Estimated Tax For estimated tax purposes, the tax year is divided into four payment periods. Hr block 1040nr Each period has a specific payment due date. Hr block 1040nr If you do not pay enough tax by the due date of each payment period, you may be charged a penalty even if you are due a refund when you file your income tax return. Hr block 1040nr The payment periods and due dates for estimated tax payments are shown next. Hr block 1040nr   For the period: Due date:*     Jan. Hr block 1040nr 1 – March 31 April 15     April 1 – May 31 June 16     June 1 – August 31 Sept. Hr block 1040nr 15     Sept. Hr block 1040nr 1– Dec. Hr block 1040nr 31 Jan. Hr block 1040nr 15, next year     *See Saturday, Sunday, holiday rule and January payment . Hr block 1040nr Saturday, Sunday, holiday rule. Hr block 1040nr   If the due date for an estimated tax payment falls on a Saturday, Sunday, or legal holiday, the payment will be on time if you make it on the next day that is not a Saturday, Sunday, or legal holiday. Hr block 1040nr January payment. Hr block 1040nr   If you file your 2014 Form 1040 or Form 1040A by January 31, 2015, and pay the rest of the tax you owe, you do not need to make the payment due on January 15, 2015. Hr block 1040nr Fiscal year taxpayers. Hr block 1040nr   If your tax year does not start on January 1, see the Form 1040-ES instructions for your payment due dates. Hr block 1040nr When To Start You do not have to make estimated tax payments until you have income on which you will owe income tax. Hr block 1040nr If you have income subject to estimated tax during the first payment period, you must make your first payment by the due date for the first payment period. Hr block 1040nr You can pay all your estimated tax at that time, or you can pay it in installments. Hr block 1040nr If you choose to pay in installments, make your first payment by the due date for the first payment period. Hr block 1040nr Make your remaining installment payments by the due dates for the later periods. Hr block 1040nr No income subject to estimated tax during first period. Hr block 1040nr    If you do not have income subject to estimated tax until a later payment period, you must make your first payment by the due date for that period. Hr block 1040nr You can pay your entire estimated tax by the due date for that period or you can pay it in installments by the due date for that period and the due dates for the remaining periods. Hr block 1040nr The following chart shows when to make installment payments. Hr block 1040nr If you first have income on which you must pay estimated tax: Make a payment  by:* Make later installments by:* Before April 1 April 15 June 16 Sept. Hr block 1040nr 15 Jan. Hr block 1040nr 15 next year April 1–May 31 June 16 Sept. Hr block 1040nr 15 Jan. Hr block 1040nr 15 next year June 1–Aug. Hr block 1040nr 31 Sept. Hr block 1040nr 15 Jan. Hr block 1040nr 15 next year After Aug. Hr block 1040nr 31 Jan. Hr block 1040nr 15 next year (None) *See Saturday, Sunday, holiday rule and January payment . Hr block 1040nr How much to pay to avoid a penalty. Hr block 1040nr   To determine how much you should pay by each payment due date, see How To Figure Each Payment, next. Hr block 1040nr How To Figure Each Payment You should pay enough estimated tax by the due date of each payment period to avoid a penalty for that period. Hr block 1040nr You can figure your required payment for each period by using either the regular installment method or the annualized income installment method. Hr block 1040nr These methods are described in chapter 2 of Publication 505. Hr block 1040nr If you do not pay enough during each payment period, you may be charged a penalty even if you are due a refund when you file your tax return. Hr block 1040nr If the earlier discussion of No income subject to estimated tax during first period or the later discussion of Change in estimated tax applies to you, you may benefit from reading Annualized Income Installment Method in chapter 2 of Publication 505 for information on how to avoid a penalty. Hr block 1040nr Underpayment penalty. Hr block 1040nr   Under the regular installment method, if your estimated tax payment for any period is less than one-fourth of your estimated tax, you may be charged a penalty for underpayment of estimated tax for that period when you file your tax return. Hr block 1040nr Under the annualized income installment method, your estimated tax payments vary with your income, but the amount required must be paid each period. Hr block 1040nr See chapter 4 of Publication 505 for more information. Hr block 1040nr Change in estimated tax. Hr block 1040nr   After you make an estimated tax payment, changes in your income, adjustments, deductions, credits, or exemptions may make it necessary for you to refigure your estimated tax. Hr block 1040nr Pay the unpaid balance of your amended estimated tax by the next payment due date after the change or in installments by that date and the due dates for the remaining payment periods. Hr block 1040nr Estimated Tax Payments Not Required You do not have to pay estimated tax if your withholding in each payment period is at least as much as: One-fourth of your required annual payment, or Your required annualized income installment for that period. Hr block 1040nr You also do not have to pay estimated tax if you will pay enough through withholding to keep the amount you owe with your return under $1,000. Hr block 1040nr How To Pay Estimated Tax There are several ways to pay estimated tax. Hr block 1040nr Credit an overpayment on your 2013 return to your 2014 estimated tax. Hr block 1040nr Pay by direct transfer from your bank account, or pay by credit or debit card using a pay-by-phone system or the Internet. Hr block 1040nr Send in your payment (check or money order) with a payment voucher from Form 1040-ES. Hr block 1040nr Credit an Overpayment If you show an overpayment of tax after completing your Form 1040 or Form 1040A for 2013, you can apply part or all of it to your estimated tax for 2014. Hr block 1040nr On line 75 of Form 1040, or line 44 of Form 1040A, enter the amount you want credited to your estimated tax rather than refunded. Hr block 1040nr Take the amount you have credited into account when figuring your estimated tax payments. Hr block 1040nr You cannot have any of the amount you credited to your estimated tax refunded to you until you file your tax return for the following year. Hr block 1040nr You also cannot use that overpayment in any other way. Hr block 1040nr Pay Online Paying online is convenient and secure and helps make sure we get your payments on time. Hr block 1040nr You can pay using either of the following electronic payment methods. Hr block 1040nr Direct transfer from your bank account. Hr block 1040nr Credit or debit card. Hr block 1040nr To pay your taxes online or for more information, go to www. Hr block 1040nr irs. Hr block 1040nr gov/e-pay. Hr block 1040nr Pay by Phone Paying by phone is another safe and secure method of paying electronically. Hr block 1040nr Use one of the following methods. Hr block 1040nr Direct transfer from your bank account. Hr block 1040nr Credit or debit card. Hr block 1040nr To pay by direct transfer from your bank account, call 1-800-555-4477 (English), 1-800-244-4829 (Espanol). Hr block 1040nr People who are deaf, hard of hearing, or have a speech disability and who have access to TTY/TDD can call 1-800-733-4829. Hr block 1040nr To pay using a credit or debit card, you can call one of the following service providers. Hr block 1040nr There is a convenience fee charged by these providers that varies by provider, card type, and payment amount. Hr block 1040nr WorldPay 1-888-9-PAY-TAXTM(1-888-972-9829) www. Hr block 1040nr payUSAtax. Hr block 1040nr com Official Payments Corporation 1-888-UPAY-TAXTM (1-888-872-9829) www. Hr block 1040nr officialpayments. Hr block 1040nr com Link2Gov Corporation 1-888-PAY-1040TM (1-888-729-1040) www. Hr block 1040nr PAY1040. Hr block 1040nr com For the latest details on how to pay by phone, go to www. Hr block 1040nr irs. Hr block 1040nr gov/e-pay. Hr block 1040nr Pay by Check or Money Order Using the Estimated Tax Payment Voucher Each payment of estimated tax by check or money order must be accompanied by a payment voucher from Form 1040-ES. Hr block 1040nr During 2013, if you: made at least one estimated tax payment but not by electronic means, did not use software or a paid preparer to prepare or file your return,  then you should receive a copy of the 2014 Form 1040-ES/V. Hr block 1040nr The enclosed payment vouchers will be preprinted with your name, address, and social security number. Hr block 1040nr Using the preprinted vouchers will speed processing, reduce the chance of error, and help save processing costs. Hr block 1040nr Use the window envelopes that came with your Form 1040-ES package. Hr block 1040nr If you use your own envelopes, make sure you mail your payment vouchers to the address shown in the Form 1040-ES instructions for the place where you live. Hr block 1040nr Note. Hr block 1040nr These criteria can change without notice. Hr block 1040nr If you do not receive a Form 1040-ES/V package and you are required to make an estimated tax payment, you should go to www. Hr block 1040nr irs. Hr block 1040nr gov and print a copy of Form 1040-ES which includes four blank payment vouchers. Hr block 1040nr Complete one of these and make your payment timely to avoid penalties for paying late. Hr block 1040nr Do not use the address shown in the Form 1040 or Form 1040A instructions for your estimated tax payments. Hr block 1040nr If you did not pay estimated tax last year, you can order Form 1040-ES from the IRS (see inside back cover of this publication) or download it from IRS. Hr block 1040nr gov. Hr block 1040nr Follow the instructions to make sure you use the vouchers correctly. Hr block 1040nr Joint estimated tax payments. Hr block 1040nr   If you file a joint return and are making joint estimated tax payments, enter the names and social security numbers on the payment voucher in the same order as they will appear on the joint return. Hr block 1040nr Change of address. Hr block 1040nr   You must notify the IRS if you are making estimated tax payments and you changed your address during the year. Hr block 1040nr Complete Form 8822, Change of Address, and mail it to the address shown in the instructions for that form. Hr block 1040nr Credit for Withholding and Estimated Tax for 2013 When you file your 2013 income tax return, take credit for all the income tax and excess social security or railroad retirement tax withheld from your salary, wages, pensions, etc. Hr block 1040nr Also take credit for the estimated tax you paid for 2013. Hr block 1040nr These credits are subtracted from your total tax. Hr block 1040nr Because these credits are refundable, you should file a return and claim these credits, even if you do not owe tax. Hr block 1040nr Two or more employers. Hr block 1040nr   If you had two or more employers in 2013 and were paid wages of more than $113,700, too much social security or tier 1 railroad retirement tax may have been withheld from your pay. Hr block 1040nr You may be able to claim the excess as a credit against your income tax when you file your return. Hr block 1040nr See Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld in chapter 37. Hr block 1040nr Withholding If you had income tax withheld during 2013, you should be sent a statement by January 31, 2014, showing your income and the tax withheld. Hr block 1040nr Depending on the source of your income, you should receive: Form W-2, Wage and Tax Statement, Form W-2G, Certain Gambling Winnings, or A form in the 1099 series. Hr block 1040nr Forms W-2 and W-2G. Hr block 1040nr   If you file a paper return, always file Form W-2 with your income tax return. Hr block 1040nr File Form W-2G with your return only if it shows any federal income tax withheld from your winnings. Hr block 1040nr   You should get at least two copies of each form. Hr block 1040nr If you file a paper return, attach one copy to the front of your federal income tax return. Hr block 1040nr Keep one copy for your records. Hr block 1040nr You also should receive copies to file with your state and local returns. Hr block 1040nr Form W-2 Your employer is required to provide or send Form W-2 to you no later than January 31, 2014. Hr block 1040nr You should receive a separate Form W-2 from each employer you worked for. Hr block 1040nr If you stopped working before the end of 2013, your employer could have given you your Form W-2 at any time after you stopped working. Hr block 1040nr However, your employer must provide or send it to you by January 31, 2014. Hr block 1040nr If you ask for the form, your employer must send it to you within 30 days after receiving your written request or within 30 days after your final wage payment, whichever is later. Hr block 1040nr If you have not received your Form W-2 by January 31, you should ask your employer for it. Hr block 1040nr If you do not receive it by February 15, call the IRS. Hr block 1040nr Form W-2 shows your total pay and other compensation and the income tax, social security tax, and Medicare tax that was withheld during the year. Hr block 1040nr Include the federal income tax withheld (as shown in box 2 of Form W-2) on: Line 62 if you file Form 1040, Line 36 if you file Form 1040A, or Line 7 if you file Form 1040EZ. Hr block 1040nr In addition, Form W-2 is used to report any taxable sick pay you received and any income tax withheld from your sick pay. Hr block 1040nr Form W-2G If you had gambling winnings in 2013, the payer may have withheld income tax. Hr block 1040nr If tax was withheld, the payer will give you a Form W-2G showing the amount you won and the amount of tax withheld. Hr block 1040nr Report the amounts you won on line 21 of Form 1040. Hr block 1040nr Take credit for the tax withheld on line 62 of Form 1040. Hr block 1040nr If you had gambling winnings, you must use Form 1040; you cannot use Form 1040A or Form 1040EZ. Hr block 1040nr The 1099 Series Most forms in the 1099 series are not filed with your return. Hr block 1040nr These forms should be furnished to you by January 31, 2014 (or, for Forms 1099-B, 1099-S, and certain Forms 1099-MISC, by February 15, 2014). Hr block 1040nr Unless instructed to file any of these forms with your return, keep them for your records. Hr block 1040nr There are several different forms in this series, including: Form 1099-B, Proceeds From Broker and Barter Exchange Transactions; Form 1099-DIV, Dividends and Distributions; Form 1099-G, Certain Government Payments; Form 1099-INT, Interest Income; Form 1099-K, Payment Card and Third Party Network Transactions; Form 1099-MISC, Miscellaneous Income; Form 1099-OID, Original Issue Discount; Form 1099-PATR, Taxable Distributions Received from Cooperatives; Form 1099-Q, Payments From Qualified Education Programs; Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Hr block 1040nr ; Form 1099-S, Proceeds From Real Estate Transactions; Form RRB-1099, Payments by the Railroad Retirement Board. Hr block 1040nr If you received the types of income reported on some forms in the 1099 series, you may not be able to use Form 1040A or Form 1040EZ. Hr block 1040nr See the instructions to these forms for details. Hr block 1040nr Form 1099-R. Hr block 1040nr   Attach Form 1099-R to your paper return if box 4 shows federal income tax withheld. Hr block 1040nr Include the amount withheld in the total on line 62 of Form 1040 or line 36 of Form 1040A. Hr block 1040nr You cannot use Form 1040EZ if you received payments reported on Form 1099-R. Hr block 1040nr Backup withholding. Hr block 1040nr   If you were subject to backup withholding on income you received during 2013, include the amount withheld, as shown on your Form 1099, in the total on line 62 of Form 1040, line 36 of Form 1040A, or line 7 of Form 1040EZ. Hr block 1040nr Form Not Correct If you receive a form with incorrect information on it, you should ask the payer for a corrected form. Hr block 1040nr Call the telephone number or write to the address given for the payer on the form. Hr block 1040nr The corrected Form W-2G or Form 1099 you receive will have an “X” in the “CORRECTED” box at the top of the form. Hr block 1040nr A special form, Form W-2c, Corrected Wage and Tax Statement, is used to correct a Form W-2. Hr block 1040nr In certain situations, you will receive two forms in place of the original incorrect form. Hr block 1040nr This will happen when your taxpayer identification number is wrong or missing, your name and address are wrong, or you received the wrong type of form (for example, a Form 1099-DIV instead of a Form 1099-INT). Hr block 1040nr One new form you receive will be the same incorrect form or have the same incorrect information, but all money amounts will be zero. Hr block 1040nr This form will have an “X” in the “CORRECTED” box at the top of the form. Hr block 1040nr The second new form should have all the correct information, prepared as though it is the original (the “CORRECTED” box will not be checked). Hr block 1040nr Form Received After Filing If you file your return and you later receive a form for income that you did not include on your return, you should report the income and take credit for any income tax withheld by filing Form 1040X, Amended U. Hr block 1040nr S. Hr block 1040nr Individual Income Tax Return. Hr block 1040nr Separate Returns If you are married but file a separate return, you can take credit only for the tax withheld from your own income. Hr block 1040nr Do not include any amount withheld from your spouse's income. Hr block 1040nr However, different rules may apply if you live in a community property state. Hr block 1040nr Community property states are listed in chapter 2. Hr block 1040nr For more information on these rules, and some exceptions, see Publication 555, Community Property. Hr block 1040nr Fiscal Years If you file your tax return on the basis of a fiscal year (a 12-month period ending on the last day of any month except December), you must follow special rules to determine your credit for federal income tax withholding. Hr block 1040nr For a discussion of how to take credit for withholding on a fiscal year return, see Fiscal Years (FY) in chapter 3 of Publication 505. Hr block 1040nr Estimated Tax Take credit for all your estimated tax payments for 2013 on line 63 of Form 1040 or line 37 of Form 1040A. Hr block 1040nr Include any overpayment from 2012 that you had credited to your 2013 estimated tax. Hr block 1040nr You must use Form 1040 or Form 1040A if you paid estimated tax. Hr block 1040nr You cannot use Form 1040EZ. Hr block 1040nr Name changed. Hr block 1040nr   If you changed your name, and you made estimated tax payments using your old name, attach a brief statement to the front of your paper tax return indicating: When you made the payments, The amount of each payment, Your name when you made the payments, and Your social security number. Hr block 1040nr The statement should cover payments you made jointly with your spouse as well as any you made separately. Hr block 1040nr   Be sure to report the change to the Social Security Administration. Hr block 1040nr This prevents delays in processing your return and issuing any refunds. Hr block 1040nr Separate Returns If you and your spouse made separate estimated tax payments for 2013 and you file separate returns, you can take credit only for your own payments. Hr block 1040nr If you made joint estimated tax payments, you must decide how to divide the payments between your returns. Hr block 1040nr One of you can claim all of the estimated tax paid and the other none, or you can divide it in any other way you agree on. Hr block 1040nr If you cannot agree, you must divide the payments in proportion to each spouse's individual tax as shown on your separate returns for 2013. Hr block 1040nr Divorced Taxpayers If you made joint estimated tax payments for 2013, and you were divorced during the year, either you or your former spouse can claim all of the joint payments, or you each can claim part of them. Hr block 1040nr If you cannot agree on how to divide the payments, you must divide them in proportion to each spouse's individual tax as shown on your separate returns for 2013. Hr block 1040nr If you claim any of the joint payments on your tax return, enter your former spouse's social security number (SSN) in the space provided on the front of Form 1040 or Form 1040A. Hr block 1040nr If you divorced and remarried in 2013, enter your present spouse's SSN in that space and write your former spouse's SSN, followed by “DIV,” to the left of Form 1040, line 63, or Form 1040A, line 37. Hr block 1040nr Underpayment Penalty for 2013 If you did not pay enough tax, either through withholding or by making timely estimated tax payments, you will have an underpayment of estimated tax and you may have to pay a penalty. Hr block 1040nr Generally, you will not have to pay a penalty for 2013 if any of the following apply. Hr block 1040nr The total of your withholding and estimated tax payments was at least as much as your 2012 tax (or 110% of your 2012 tax if your AGI was more than $150,000, $75,000 if your 2013 filing status is married filing separately) and you paid all required estimated tax payments on time. Hr block 1040nr The tax balance due on your 2013 return is no more than 10% of your total 2013 tax, and you paid all required estimated tax payments on time. Hr block 1040nr Your total 2013 tax minus your withholding and refundable credits is less than $1,000. Hr block 1040nr You did not have a tax liability for 2012 and your 2012 tax year was 12 months, or You did not have any withholding taxes and your current year tax less any household employment taxes is less than $1,000. Hr block 1040nr See Publication 505, chapter 4, for a definition of “total tax” for 2012 and 2013. Hr block 1040nr Farmers and fishermen. Hr block 1040nr   Special rules apply if you are a farmer or fisherman. Hr block 1040nr See Farmers and Fishermen in chapter 4 of Publication 505 for more information. Hr block 1040nr IRS can figure the penalty for you. Hr block 1040nr   If you think you owe the penalty but you do not want to figure it yourself when you file your tax return, you may not have to. Hr block 1040nr Generally, the IRS will figure the penalty for you and send you a bill. Hr block 1040nr However, if you think you are able to lower or eliminate your penalty, you must complete Form 2210 or Form 2210-F and attach it to your paper return. Hr block 1040nr See chapter 4 of Publication 505. Hr block 1040nr Prev  Up  Next   Home   More Online Publications
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Consumer Protection Offices

City, county, regional, and state consumer offices offer a variety of important services. They might mediate complaints, conduct investigations, prosecute offenders of consumer laws, license and regulate professional service providers, provide educational materials and advocate for consumer rights. To save time, call before sending a written complaint. Ask if the office handles the type of complaint you have and if complaint forms are provided.

State Consumer Protection Offices

North Carolina Department of Agriculture and Consumer Services

Website: North Carolina Department of Agriculture and Consumer Services

Address: North Carolina Department of Agriculture and Consumer Services
1001 Mail Service Center
Raleigh, NC 27699-1001

Phone Number: 919-707-3000

North Carolina Office of the Attorney General

Website: North Carolina Office of the Attorney General

Address: North Carolina Office of the Attorney General
Consumer Protection Division
Mail Service Center 9001
Raleigh, NC 27699-9001

Phone Number: 919-716-6000 919-716-0058 (in Spanish)

Toll-free: 1-877-566-7226 (NC)

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Banking Authorities

The officials listed in this section regulate and supervise state-chartered banks. Many of them handle or refer problems and complaints about other types of financial institutions as well. Some also answer general questions about banking and consumer credit. If you are dealing with a federally chartered bank, check Federal Agencies.

Commissioner of Banks

Website: Commissioner of Banks

Address: Commissioner of Banks
4309 Mail Service Center
Raleigh, NC 27699-4309

Toll-free: 1-888-384-3811

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Insurance Regulators

Each state has its own laws and regulations for each type of insurance. The officials listed in this section enforce these laws. Many of these offices can also provide you with information to help you make informed insurance buying decisions.

Department of Insurance

Website: Department of Insurance

Address: Department of Insurance
Consumer Services Division
1201 Mail Service Center
Raleigh, NC 27699-1201

Phone Number: 919-807-6750

Toll-free: 1-800-546-5664 (NC)

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Securities Administrators

Each state has its own laws and regulations for securities brokers and securities - including stocks, mutual funds, commodities, real estate, etc. The officials and agencies listed in this section enforce these laws and regulations. Many of these offices can also provide information to help you make informed investment decisions.

Secretary of State

Website: Secretary of State

Address: Secretary of State
Securities Division
PO Box 29622
Raleigh, NC 27626-0622

Phone Number: 919-733-3924

Toll-free: 1-800-688-4507 (Investor Hotline)

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Utility Commissions

State Utility Commissions regulate services and rates for gas, electricity and telephones within your state. In some states, the utility commissions regulate other services such as water, transportation, and the moving of household goods. Many utility commissions handle consumer complaints. Sometimes, if a number of complaints are received about the same utility matter, they will conduct investigations.

Utilities Commission

Website: Utilities Commission

Address: Utilities Commission
Consumer Services
4325 Mail Service Center
Raleigh, NC 27699-4325

Phone Number: 919-733-9277

Toll-free: 1-866-380-9816

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The Hr Block 1040nr

Hr block 1040nr Publication 915 - Additional Material Prev  Up  Next   Home   More Online Publications