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

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

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

3. E-File for FREE

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

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

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

Irs Forms For 2012

Filing An Amended Tax Return 2013Free Tax Filing For MilitaryTurbotax Download 2012Amended Tax Return FormHow To File Your State Taxes For FreeH And R FreeEz 1040 E-fileFree Federal And State Tax ReturnsIrs Amendment FormBlank Printable 1040ez FormIrs Gov Freefile ComIrs.gov/form1040xFiling/late Taxes For 2012Irs Gov 1040xFile Taxes From 2011Need To Amend 2011 Tax ReturnIrs Amended Tax ReturnEfile FreeHow Do I Amend My Tax ReturnIrs Form 1040ez FillableFile 2007 Fed Income TaxFree Tax 2012How To Fill Out A 1040x Step By StepAmend 2012 Tax Return OnlineMilitary Tax ServiceAmended TaxFile Amended Tax Return 2010Free 2007 Tax Software DownloadFree 1040nrFile 2011 Tax Return OnlineAmended Tax Returns2012 Tax Return TurbotaxI Had Received Disability Can I File Income Tax Can I How Much Can I Money For RefurnHow Do I File An Amended Tax ReturnIrs File 2012 Taxes1040ez File On Line1040ez Tax FilingHow To Amend Taxes Online1040ez Tax InstructionsH&r Block Free

Irs Forms For 2012

Irs forms for 2012 12. Irs forms for 2012   Self-Employment Tax Table of Contents What's New for 2013 What's New for 2014 Introduction Topics - This chapter discusses: Useful Items - You may want to see: Why Pay Self-Employment Tax? How To Pay Self-Employment TaxReplacing a lost social security card. Irs forms for 2012 Name change. Irs forms for 2012 Penalty for underpayment of estimated tax. Irs forms for 2012 Who Must Pay Self-Employment Tax?Limited partner. Irs forms for 2012 Community property. Irs forms for 2012 Figuring Self-Employment EarningsLandlord Participation in Farming Methods for Figuring Net EarningsRegular Method Farm Optional Method Nonfarm Optional Method Using Both Optional Methods Reporting Self-Employment Tax What's New for 2013 Tax rates. Irs forms for 2012  For tax years beginning in 2013, the social security part of the self-employment tax increases from 10. Irs forms for 2012 4% to 12. Irs forms for 2012 4%. Irs forms for 2012 The Medicare part of the tax remains at 2. Irs forms for 2012 9%. Irs forms for 2012 As a result, the self-employment tax is increased from 13. Irs forms for 2012 3% to 15. Irs forms for 2012 3%. Irs forms for 2012 Additional Medicare Tax. Irs forms for 2012 . Irs forms for 2012  For tax years beginning in 2013, a 0. Irs forms for 2012 9% Additional Medicare Tax applies to your Medicare wages, Railroad Retirement Tax Act (RRTA) compensation, and self-employment income above a threshold amount. Irs forms for 2012 Use Form 8959, Additional Medicare Tax, to figure this tax. Irs forms for 2012 For more information, see the Instructions for Form 8959. Irs forms for 2012 Maximum net earnings. Irs forms for 2012  The maximum net self-employment earnings subject to the social security part (12. Irs forms for 2012 4%) of the self-employment tax increased to $113,700 for 2013. Irs forms for 2012 There is no maximum limit on earnings subject to the Medicare part (2. Irs forms for 2012 9%). Irs forms for 2012 What's New for 2014 Maximum net earnings. Irs forms for 2012  The maximum net self-employment earnings subject to the social security part of the self-employment tax for 2014 will be discussed in the 2013 Publication 334. Irs forms for 2012 Introduction Self-employment tax (SE tax) is a social security and Medicare tax primarily for individuals who work for themselves. Irs forms for 2012 It is similar to the social security and Medicare taxes withheld from the pay of most wage earners. Irs forms for 2012 You usually have to pay SE tax if you are self-employed. Irs forms for 2012 You are usually self-employed if you operate your own farm on land you either own or rent. Irs forms for 2012 You have to figure SE tax on Schedule SE (Form 1040). Irs forms for 2012 Farmers who have employees may have to pay the employer's share of social security and Medicare taxes, as well. Irs forms for 2012 See chapter 13 for information on employment taxes. Irs forms for 2012 Self-employment tax rate. Irs forms for 2012   For tax years beginning in 2013, the self-employment tax rate is 15. Irs forms for 2012 3%. Irs forms for 2012 The rate consists of two parts: 12. Irs forms for 2012 4% for social security (old-age, survivors, and disability insurance) and 2. Irs forms for 2012 9% for Medicare (hospital insurance). Irs forms for 2012 Topics - This chapter discusses: Why pay self-employment tax How to pay self-employment tax Who must pay self-employment tax Figuring self-employment earnings Landlord participation in farming Methods for figuring net earnings Reporting self-employment tax Useful Items - You may want to see: Publication 541 Partnerships Form (and Instructions) 1040 U. Irs forms for 2012 S. Irs forms for 2012 Individual Income Tax Return Sch F (Form 1040) Profit or Loss From Farming Sch SE (Form 1040) Self-Employment Tax 1065 U. Irs forms for 2012 S. Irs forms for 2012 Return of Partnership Income Sch K-1 (Form 1065) Partner's Share of Income, Deductions, Credits, etc. Irs forms for 2012 See chapter 16 for information about getting publications and forms. Irs forms for 2012 Why Pay Self-Employment Tax? Social security benefits are available to self-employed persons just as they are to wage earners. Irs forms for 2012 Your payments of SE tax contribute to your coverage under the social security system. Irs forms for 2012 Social security coverage provides you with retirement benefits, disability benefits, survivor benefits, and hospital insurance (Medicare) benefits. Irs forms for 2012 How to become insured under social security. Irs forms for 2012   You must be insured under the social security system before you begin receiving social security benefits. Irs forms for 2012 You are insured if you have the required number of credits (also called quarters of coverage). Irs forms for 2012 Earning credits in 2013. Irs forms for 2012   You can earn a maximum of four credits per year. Irs forms for 2012 For 2013, you earn one credit for each $1,160 of combined wages and self-employment earnings subject to social security tax. Irs forms for 2012 You need $4,640 ($1,160 × 4) of combined wages and self-employment earnings subject to social security tax to earn four credits in 2013. Irs forms for 2012 It does not matter whether the income is earned in 1 quarter or is spread over 2 or more quarters. Irs forms for 2012 For an explanation of the number of credits you must have to be insured and the benefits available to you and your family under the social security program, consult your nearest Social Security Administration (SSA) office or visit the SSA website at www. Irs forms for 2012 socialsecurity. Irs forms for 2012 gov. Irs forms for 2012 Making false statements to get or to increase social security benefits may subject you to penalties. Irs forms for 2012 The Social Security Administration (SSA) time limit for posting self-employment earnings. Irs forms for 2012   Generally, the SSA will give you credit only for self-employment earnings reported on a tax return filed within 3 years, 3 months, and 15 days after the tax year you earned the income. Irs forms for 2012    If you file your tax return or report a change in your self-employment earnings after the SSA time limit for posting self-employment earnings, the SSA may change its records, but only to remove or reduce the amount. Irs forms for 2012 The SSA will not change its records to increase your self-employment earnings after the SSA time limit listed above. Irs forms for 2012 How To Pay Self-Employment Tax To pay SE tax, you must have a social security number (SSN) or an individual taxpayer identification number (ITIN). Irs forms for 2012 This section explains how to: Obtain an SSN or ITIN, and Pay your SE tax using estimated tax. Irs forms for 2012 An ITIN does not entitle you to social security benefits. Irs forms for 2012 Obtaining an ITIN does not change your immigration or employment status under U. Irs forms for 2012 S. Irs forms for 2012 law. Irs forms for 2012 Obtaining a social security number. Irs forms for 2012   If you have never had an SSN, apply for one using Form SS-5, Application for a Social Security Card. Irs forms for 2012 The application is also available in Spanish. Irs forms for 2012 You can get this form at any Social Security office or by calling 1-800-772-1213. Irs forms for 2012    You can also download Form SS-5 from the Social Security Administration website at  www. Irs forms for 2012 socialsecurity. Irs forms for 2012 gov. Irs forms for 2012   If you have a social security number from the time you were an employee, you must use that number. Irs forms for 2012 Do not apply for a new one. Irs forms for 2012 Replacing a lost social security card. Irs forms for 2012   If you have a number but lost your card, file Form SS-5. Irs forms for 2012 You will get a new card showing your original number, not a new number. Irs forms for 2012 Name change. Irs forms for 2012   If your name has changed since you received your social security card, complete Form SS-5 to report a name change. Irs forms for 2012 Obtaining an individual taxpayer identification number. Irs forms for 2012   The IRS will issue you an ITIN, for tax use only, if you are a nonresident or resident alien and you do not have, and are not eligible to get, an SSN. Irs forms for 2012 To apply for an ITIN, file Form W-7, Application for IRS Individual Taxpayer Identification Number. Irs forms for 2012 You can get this form by calling 1-800-829-3676. Irs forms for 2012 For more information on ITINs, see Publication 1915, Understanding Your IRS Individual Taxpayer Identification Number. Irs forms for 2012 Form W-7 and Publication 1915 are also available in Spanish. Irs forms for 2012    You can also download Form W-7 from the IRS website at IRS. Irs forms for 2012 gov. Irs forms for 2012 Paying estimated tax. Irs forms for 2012   Estimated tax is the method used to pay tax (including SE tax) on income not subject to withholding. Irs forms for 2012 You generally have to make estimated tax payments if you expect to owe tax, including SE tax, of $1,000 or more when you file your return. Irs forms for 2012 Use Form 1040-ES, Estimated Tax for Individuals, to figure and pay the tax. Irs forms for 2012   However, if at least two-thirds of your gross income for 2013 or 2014 was from farming and you file your 2014 Form 1040 and pay all the tax due by March 2, 2015, you do not have to pay any estimated tax. Irs forms for 2012 For more information about estimated tax for farmers, see chapter 15. Irs forms for 2012 Penalty for underpayment of estimated tax. Irs forms for 2012   You may have to pay a penalty if you do not pay enough estimated tax by its due date. Irs forms for 2012 Who Must Pay Self-Employment Tax? You must pay SE tax and file Schedule SE (Form 1040) if your net earnings from self-employment were $400 or more. Irs forms for 2012 The SE tax rules apply no matter how old you are and even if you are already receiving social security or Medicare benefits. Irs forms for 2012 Aliens. Irs forms for 2012   Generally, resident aliens must pay self-employment tax under the same rules that apply to U. Irs forms for 2012 S. Irs forms for 2012 citizens. Irs forms for 2012 Nonresident aliens are not subject to self-employment tax. Irs forms for 2012 However, residents of the Virgin Islands, Puerto Rico, Guam, the Commonwealth of the Northern Mariana Islands, or American Samoa are subject to self-employment tax, as they are considered U. Irs forms for 2012 S. Irs forms for 2012 residents for self-employment tax purposes. Irs forms for 2012 For more information on aliens, see Publication 519, U. Irs forms for 2012 S. Irs forms for 2012 Tax Guide for Aliens. Irs forms for 2012 Are you self-employed?   You are self-employed if you carry on a trade or business (such as running a farm) as a sole proprietor, an independent contractor, a member of a partnership, or are otherwise in business for yourself. Irs forms for 2012 A trade or business is generally an activity carried on for a livelihood or in good faith to make a profit. Irs forms for 2012 Share farmer. Irs forms for 2012   You are a self-employed farmer under an income-sharing arrangement if both the following apply. Irs forms for 2012 You produce a crop or raise livestock on land belonging to another person. Irs forms for 2012 Your share of the crop or livestock, or the proceeds from their sale, depends on the amount produced. Irs forms for 2012 Your net farm profit or loss from the income-sharing arrangement is reported on Schedule F (Form 1040) and included in your self-employment earnings. Irs forms for 2012   If you produce a crop or livestock on land belonging to another person and are to receive a specified rate of pay, a fixed sum of money, or a fixed quantity of the crop or livestock, and not a share of the crop or livestock or their proceeds, you may be either self-employed or an employee of the landowner. Irs forms for 2012 This will depend on whether the landowner has the right to direct or control your performance of services. Irs forms for 2012 Example. Irs forms for 2012 A share farmer produces a crop on land owned by another person on a 50-50 crop-share basis. Irs forms for 2012 Under the terms of their agreement, the share farmer furnishes the labor and half the cost of seed and fertilizer. Irs forms for 2012 The landowner furnishes the machinery and equipment used to produce and harvest the crop, and half the cost of seed and fertilizer. Irs forms for 2012 The share farmer is provided a house in which to live. Irs forms for 2012 The landowner and the share farmer decide on a cropping plan. Irs forms for 2012 The share farmer is a self-employed farmer for purposes of the agreement to produce the crops, and the share farmer's part of the profit or loss from the crops is reported on Schedule F (Form 1040) and included in self-employment earnings. Irs forms for 2012 The tax treatment of the landowner is discussed later under Landlord Participation in Farming. Irs forms for 2012 Contract farming. Irs forms for 2012   Under typical contract farming arrangements, the grower receives a fixed payment per unit of crops or finished livestock delivered to the processor or packing company. Irs forms for 2012 Since the grower typically furnishes labor and bears some production risk, the payments are reported on Schedule F and are therefore subject to self-employment tax. Irs forms for 2012 4-H Club or FFA project. Irs forms for 2012   If an individual participates in a 4-H Club or Future Farmers of America (FFA) project, any net income received from sales or prizes related to the project may be subject to income tax. Irs forms for 2012 Report the net income as “Other income” on line 21 of Form 1040. Irs forms for 2012 If necessary, attach a statement showing the gross income and expenses. Irs forms for 2012 The net income may not be subject to SE tax if the project is primarily for educational purposes and not for profit, and is completed by the individual under the rules and economic restrictions of the sponsoring 4-H or FFA organization. Irs forms for 2012 Such a project is generally not considered a trade or business. Irs forms for 2012 Partners in a partnership. Irs forms for 2012   Generally, you are self-employed if you are a member of a partnership that carries on a trade or business. Irs forms for 2012 Limited partner. Irs forms for 2012   If you are a limited partner, your partnership income is generally not subject to SE tax. Irs forms for 2012 However, guaranteed payments you receive for services you perform for the partnership are subject to SE tax and should be reported to you in box 14 of your Schedule K-1 (Form 1065). Irs forms for 2012 Business Owned and Operated by Spouses. Irs forms for 2012   If you and your spouse jointly own and operate a farm as an unincorporated business and share in the profits and losses, you are partners in a partnership whether or not you have a formal partnership agreement. Irs forms for 2012 You must file Form 1065, instead of Schedule F, unless you make a joint election to be treated as a qualified joint venture. Irs forms for 2012 Making this election will allow you to avoid the complexity of Form 1065 but still give each spouse credit for social security earnings on which retirement benefits are based. Irs forms for 2012 Qualified joint venture. Irs forms for 2012   If you and your spouse each materially participate as the only members of a jointly owned and operated farm, and you file a joint tax return for the tax year, you can make a joint election to be treated as a qualified joint venture instead of a partnership for the tax year. Irs forms for 2012 For an explanation of “material participation,” see the instructions for Schedule C, line G, and the instructions for Schedule F, line E. Irs forms for 2012   To make this election, you must divide all items of income, gain, loss, deduction, and credit attributable to the business between you and your spouse in accordance with your respective interests in the venture. Irs forms for 2012 Each of you must file a separate Schedule F and a separate Schedule SE. Irs forms for 2012 For more information, see Qualified Joint Venture in the Instructions for Schedule SE (Form 1040). Irs forms for 2012 Spouse employee. Irs forms for 2012   If your spouse is your employee, not your partner, you must withhold and pay social security and Medicare taxes for him or her. Irs forms for 2012 For more information about employment taxes, see chapter 13. Irs forms for 2012 Community property. Irs forms for 2012   If you are a partner and your distributive share of any income or loss from a trade or business carried on by the partnership is community property, treat your share as your self-employment earnings. Irs forms for 2012 Do not treat any of your share as self-employment earnings of your spouse. Irs forms for 2012 Figuring Self-Employment Earnings Farmer. Irs forms for 2012   If you are self-employed as a farmer, use Schedule F (Form 1040) to figure your self-employment earnings. Irs forms for 2012 Partnership income or loss. Irs forms for 2012   If you are a member of a partnership that carries on a trade or business, the partnership should report your self-employment earnings in box 14, code A, of your Schedule K-1 (Form 1065). Irs forms for 2012 Box 14 of Schedule K-1 may also provide amounts for gross farming or fishing income (code B) and gross nonfarm income (code C). Irs forms for 2012 Use these amounts if you use the farm or nonfarm optional method to figure net earnings from self-employment (see Methods for Figuring Net Earnings , later). Irs forms for 2012   If you are a general partner, you may need to reduce these reported earnings by amounts you claim as a section 179 deduction, unreimbursed partnership expenses, or depletion on oil and gas properties. Irs forms for 2012   If the amount reported is a loss, include only the deductible amount when you figure your total self-employment earnings. Irs forms for 2012   For more information, see the Partner's Instructions for Schedule K-1 (Form 1065). Irs forms for 2012   For general information on partnerships, see Publication 541. Irs forms for 2012 More than one business. Irs forms for 2012   If you have self-employment earnings from more than one trade, business, or profession, you generally must combine the net profit or loss from each to determine your total self-employment earnings. Irs forms for 2012 A loss from one business reduces your profit from another business. Irs forms for 2012 However, do not combine earnings from farm and nonfarm businesses if you are using one of the optional methods (discussed later) to figure net earnings. Irs forms for 2012 Community property. Irs forms for 2012   If any of the income from a farm or business, other than a partnership, is community property under state law, it is included in the self-employment earnings of the spouse carrying on the trade or business. Irs forms for 2012 Lost income payments. Irs forms for 2012   Lost income payments received from insurance or other sources for reducing or stopping farming activities are included in self-employment earnings. Irs forms for 2012 These include USDA payments to compensate for lost income resulting from reductions in tobacco quotas and allotments. Irs forms for 2012 Even if you are not farming when you receive the payment, it is included in self-employment earnings if it relates to your farm business (even though it is temporarily inactive). Irs forms for 2012 A connection exists if it is clear the payment would not have been made but for your conduct of your farm business. Irs forms for 2012 Gain or loss. Irs forms for 2012   A gain or loss from the disposition of property that is neither stock in trade nor held primarily for sale to customers is not included in self-employment earnings. Irs forms for 2012 It does not matter whether the disposition is a sale, exchange, or involuntary conversion. Irs forms for 2012 For example, gains or losses from the disposition of the following types of property are not included in self-employment earnings. Irs forms for 2012 Investment property. Irs forms for 2012 Depreciable property or other fixed assets used in your trade or business. Irs forms for 2012 Livestock held for draft, breeding, sport, or dairy purposes, and not held primarily for sale, regardless of how long the livestock was held, or whether it was raised or purchased. Irs forms for 2012 Unharvested standing crops sold with land held more than 1 year. Irs forms for 2012 Timber, coal, or iron ore held for more than 1 year if an economic interest was retained, such as a right to receive coal royalties. Irs forms for 2012   A gain or loss from the cutting of timber is not included in self-employment earnings if the cutting is treated as a sale or exchange. Irs forms for 2012 For more information on electing to treat the cutting of timber as a sale or exchange, see Timber in chapter 8. Irs forms for 2012 Wages and salaries. Irs forms for 2012   Wages and salaries received for services performed as an employee and covered by social security or railroad retirement are not included in self-employment earnings. Irs forms for 2012   Wages paid in kind to you for agricultural labor, such as commodity wages, are not included in self-employment earnings. Irs forms for 2012 Retired partner. Irs forms for 2012   Retirement income received by a partner from his or her partnership under a written plan is not included in self-employment earnings if all the following apply. Irs forms for 2012 The retired partner performs no services for the partnership during the year. Irs forms for 2012 The retired partner is owed only the retirement payments. Irs forms for 2012 The retired partner's share (if any) of the partnership capital was fully paid to the retired partner. Irs forms for 2012 The payments to the retired partner are lifelong periodic payments. Irs forms for 2012 Conservation Reserve Program (CRP) payments. Irs forms for 2012   Under the Conservation Reserve Program (CRP), if you own or operate highly erodible or other specified cropland, you may enter into a longterm contract with the USDA, agreeing to convert to a less intensive use of that cropland. Irs forms for 2012 You must include the annual rental payments and any onetime incentive payment you receive under the program on Schedule F, lines 4a and 4b. Irs forms for 2012 Cost share payments you receive may qualify for the costsharing exclusion. Irs forms for 2012 See Cost-Sharing Exclusion (Improvements), above. Irs forms for 2012 CRP payments are reported to you on Form 1099G. Irs forms for 2012 Individuals who are receiving Social Security retirement or disability benefits may exclude CRP payments when calculating self-employment tax. Irs forms for 2012 See the instructions for Schedule SE (Form 1040). Irs forms for 2012 Self-employed health insurance deduction. Irs forms for 2012   You cannot deduct the self-employed health insurance deduction you report on Form 1040, line 29, from self-employment earnings on Schedule SE (Form 1040). Irs forms for 2012 Landlord Participation in Farming As a general rule, income and deductions from rentals and from personal property leased with real estate are not included in determining self-employment earnings. Irs forms for 2012 However, income and deductions from farm rentals, including government commodity program payments received by a landowner who rents land, are included if the rental arrangement provides that the landowner will, and does, materially participate in the production or management of production of the farm products on the land. Irs forms for 2012 Crop shares. Irs forms for 2012   Rent paid in the form of crop shares is included in self-employment earnings for the year you sell, exchange, give away, or use the crop shares if you meet one of the four material participation tests (discussed next) at the time the crop shares are produced. Irs forms for 2012 Feeding such crop shares to livestock is considered using them. Irs forms for 2012 Your gross income for figuring your self-employment earnings includes the fair market value of the crop shares when they are used as feed. Irs forms for 2012 Material participation for landlords. Irs forms for 2012   You materially participate if you have an arrangement with your tenant for your participation and you meet one or more of the following tests. Irs forms for 2012 You do at least three of the following. Irs forms for 2012 Pay, using cash or credit, at least half the direct costs of producing the crop or livestock. Irs forms for 2012 Furnish at least half the tools, equipment, and livestock used in the production activities. Irs forms for 2012 Advise or consult with your tenant. Irs forms for 2012 Inspect the production activities periodically. Irs forms for 2012 You regularly and frequently make, or take an important part in making, management decisions substantially contributing to or affecting the success of the enterprise. Irs forms for 2012 You work 100 hours or more spread over a period of 5 weeks or more in activities connected with agricultural production. Irs forms for 2012 You do things that, considered in their totality, show you are materially and significantly involved in the production of the farm commodities. Irs forms for 2012 These tests may be used as general guides for determining whether you are a material participant. Irs forms for 2012 Example. Irs forms for 2012 Drew Houston agrees to produce a crop on J. Irs forms for 2012 Clarke's cotton farm, with each receiving half the proceeds. Irs forms for 2012 Clarke advises Houston when to plant, spray, and pick the cotton. Irs forms for 2012 During the growing season, Clarke inspects the crop every few days to determine whether Houston is properly taking care of the crop. Irs forms for 2012 Houston furnishes all labor needed to grow and harvest the crop. Irs forms for 2012 The management decisions made by Clarke in connection with the care of the cotton crop and his regular inspection of the crop establish that he participates to a material degree in the cotton production operations. Irs forms for 2012 The income Clarke receives from his cotton farm is included in his self-employment earnings. Irs forms for 2012 Methods for Figuring Net Earnings There are three ways to figure your net earnings from self-employment. Irs forms for 2012 The regular method. Irs forms for 2012 The farm optional method. Irs forms for 2012 The nonfarm optional method. Irs forms for 2012 You must use the regular method unless you are eligible to use one or both of the optional methods. Irs forms for 2012 See Figure 12-1 , shown later. Irs forms for 2012 Figure 12-1. Irs forms for 2012 Can I Use the Optional Methods? Please click here for the text description of the image. Irs forms for 2012 Figure 12–1. Irs forms for 2012 Can I Use the Optional Methods? Why use an optional method?   You may want to use the optional methods (discussed later) when you have a loss or a small net profit and any one of the following applies. Irs forms for 2012 You want to receive credit for social security benefit coverage. Irs forms for 2012 You incurred child or dependent care expenses for which you could claim a credit. Irs forms for 2012 (An optional method may increase your earned income, which could increase your credit. Irs forms for 2012 ) You are entitled to the earned income credit. Irs forms for 2012 (An optional method may increase your earned income, which could increase your credit. Irs forms for 2012 ) You are entitled to the additional child tax credit. Irs forms for 2012 (An optional method may increase your earned income, which could increase your credit. Irs forms for 2012 ) Effects of using an optional method. Irs forms for 2012   Using an optional method could increase your SE tax. Irs forms for 2012 Paying more SE tax may result in you getting higher social security disability or retirement benefits. Irs forms for 2012   If you use either or both optional methods, you must figure and pay the SE tax due under these methods even if you would have had a smaller SE tax or no SE tax using the regular method. Irs forms for 2012   The optional methods may be used only to figure your SE tax. Irs forms for 2012 To figure your income tax, include your actual self-employment earnings in gross income, regardless of which method you use to determine SE tax. Irs forms for 2012 Regular Method Multiply your total self-employment earnings by 92. Irs forms for 2012 35% (. Irs forms for 2012 9235) to get your net earnings under the regular method. Irs forms for 2012 See Short Schedule SE, line 4, or Long Schedule SE, line 4a. Irs forms for 2012 Net earnings figured using the regular method are also called “actual net earnings. Irs forms for 2012 ” Farm Optional Method Use the farm optional method only for self-employment earnings from a farming business. Irs forms for 2012 You can use this method if you meet either of the following tests. Irs forms for 2012 Your gross farm income is $6,960 or less. Irs forms for 2012 Your net farm profits are less than $5,024. Irs forms for 2012 Gross farm income. Irs forms for 2012   Your gross farm income is the total of the amounts from: Schedule F (Form 1040), line 9, and Schedule K-1 (Form 1065), box 14, code B (from farm partnerships). Irs forms for 2012 Net farm profits. Irs forms for 2012   Net farm profits generally are the total of the amounts from: Schedule F (Form 1040), line 34, and Schedule K-1 (Form 1065), box 14, code A (from farm partnerships). Irs forms for 2012 However, you may need to adjust the amount reported on Schedule K-1 if you are a general partner or if it is a loss. Irs forms for 2012 For more information, see Partnership income or loss , earlier. Irs forms for 2012 Figuring farm net earnings. Irs forms for 2012   If you meet either of the two tests explained above, use Table 12-1. Irs forms for 2012 Figuring Farm Net Earnings , to figure your net earnings from self-employment under the farm optional method. Irs forms for 2012 Table 12-1. Irs forms for 2012 Figuring Farm Net Earnings IF your gross farm income  is. Irs forms for 2012 . Irs forms for 2012 . Irs forms for 2012 THEN your net earnings are equal to. Irs forms for 2012 . Irs forms for 2012 . Irs forms for 2012 $6,960 or less Two-thirds of your gross farm income. Irs forms for 2012 More than $6,960 $4,640 Optional method can reduce or eliminate SE tax. Irs forms for 2012   If your gross farm income is $6,960 or less and your farm net earnings figured under the farm optional method are less than your actual net earnings, you can use the farm optional method to reduce or eliminate your SE tax. Irs forms for 2012 Your actual net earnings are your net earnings figured using the regular method, explained earlier. Irs forms for 2012 Example. Irs forms for 2012 Your gross farm income is $540 and your net farm profit is $460. Irs forms for 2012 Consequently, your net earnings figured under the farm optional method are $360 (2/3 of $540) and your actual net earnings are $425 (92. Irs forms for 2012 35% of $460). Irs forms for 2012 You owe no SE tax if you use the optional method because your net earnings under the farm optional method are less than $400. Irs forms for 2012 Nonfarm Optional Method This is an optional method available for determining net earnings from nonfarm self-employment, much like the farm optional method. Irs forms for 2012 If you are also engaged in a nonfarm business, you may be able to use this method to figure your nonfarm net earnings. Irs forms for 2012 You can use this method even if you do not use the farm optional method for determining your farm net earnings and even if you have a net loss from your nonfarm business. Irs forms for 2012 For more information about the nonfarm optional method, see Publication 334. Irs forms for 2012 You cannot combine farm and nonfarm self-employment earnings to figure your net earnings under either of the optional methods. Irs forms for 2012 Using Both Optional Methods If you use both optional methods, you must add the net earnings figured under each method to arrive at your total net earnings from self-employment. Irs forms for 2012 You can report less than your total actual farm and nonfarm net earnings but not less than actual nonfarm net earnings. Irs forms for 2012 If you use both optional methods, you can report no more than $4,640 as your combined net earnings from self-employment. Irs forms for 2012 Reporting Self-Employment Tax Use Schedule SE (Form 1040) to figure and report your SE tax. Irs forms for 2012 Then, enter the SE tax on line 56 of Form 1040 and attach Schedule SE to Form 1040. Irs forms for 2012 Most taxpayers can use Section A–Short Schedule SE to figure their SE tax. Irs forms for 2012 However, certain taxpayers must use Section B–Long Schedule SE. Irs forms for 2012 Use the chart on page 1 of Schedule SE to find out which one to use. Irs forms for 2012 If you have to pay SE tax, you must file Form 1040 (with Schedule SE attached) even if you do not otherwise have to file a federal income tax return. Irs forms for 2012 Deduction for employer-equivalent portion of self-employment tax. Irs forms for 2012   You can deduct the employer-equivalent portion of your SE tax in figuring your adjusted gross income. Irs forms for 2012 This deduction only affects your income tax. Irs forms for 2012 It does not affect either your net earnings from self-employment or your SE tax. Irs forms for 2012   To deduct the tax, enter on Form 1040, line 27, the amount shown on Section A, Line 6, or Section B, line 13, Deduction for employer-equivalent portion of self-employment tax, of the Schedule SE. Irs forms for 2012 Joint return. Irs forms for 2012   Even if you file a joint return, you cannot file a joint Schedule SE. Irs forms for 2012 This is true whether one spouse or both spouses have self-employment earnings. Irs forms for 2012 Your spouse is not considered self-employed just because you are. Irs forms for 2012 If both of you have self-employment earnings, each of you must complete a separate Schedule SE. Irs forms for 2012 However, if one spouse uses the Short Schedule SE and the other spouse has to use the Long Schedule SE, both can use the same form. Irs forms for 2012 Attach both schedules to the joint return. Irs forms for 2012 If you and your spouse operate a business as a partnership, see Business Owned and Operated by Spouses and Qualified joint venture , earlier, under Who Must Pay Self-Employment Tax . Irs forms for 2012 Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

Alternative Minimum Tax (AMT) Assistant for Individuals

Individuals with a higher income may be subject to the Alternative Minimum Tax. Under the tax law, certain tax benefits can significantly reduce a taxpayer’s regular tax amount. The AMT sets a limit on those benefits. If the tax benefits would reduce total tax below the AMT limit, the taxpayer must pay the higher Alternative Minimum Tax amount.

If you prepare your own Form 1040 tax return without using software, you may need to complete Form 6251, Alternative Minimum Tax – Individuals to determine whether you owe the AMT.  You can use the AMT Assistant before you go through preparing Form 6251 to find out if you actually need to complete it.

Should you use the AMT Assistant?
Check here first. If you received or claimed any of the following items in the tax year, you must complete Form 6251 and there is no need to use the AMT Assistant:

  • Accelerated Depreciation
  • Stock by exercising an incentive stock option and you did not dispose of the stock in the same year
  • Tax exempt interest from private activity bonds
  • Intangible drilling, circulation, research, experimental or mining costs
  • Amortization of pollution-control facilities or depletion
  • Income (or loss) from tax-shelter farm activities or passive activities
  • Income from long-term contracts not figured using the percentage-of-completion method
  • Interest paid on a home mortgage NOT used to buy, build or substantially improve your home
  • Investment interest expense reported on Form 4952
  • Net operating loss deduction
  • Alternative minimum tax adjustments from an estate, trust, electing large partnership or cooperative
  • Section 1202 exclusion
  • Any general business credit in Part I on Form 3800
  • Empowerment zone and renewal community employment credit
  • Qualified electric vehicle credit
  • Alternative fuel vehicle refueling property credit
  • Credit for prior year minimum tax

Using the AMT Assistant
Even if you did not receive or claim any of the above, you may need to complete Form 6251. You can use the AMT Assistant and quickly find out. Based on your entries the AMT Assistant results will tell you either:

  • You do not owe the AMT, or
  • You must complete Form 6251

Before You Start
Have your draft 2013 Form 1040 available, completed through Line 44 (Tax), as well as your draft Schedule A (if used). If you are claiming the foreign tax credit, you should also complete Form 1040, line 47, because you may be asked for information from that line.

Note: the AMT Assistant will ask you again about the items in the list above. Just answer “no” to confirm and continue.

Remember the answer you get is only as accurate as the data you enter!

Start the Tax Year 2013 AMT Assistant
NOTE: The "print" button on the results page is not working. Please use your Web browser's standard printing method to print your results.

Prior years still available:

Tax Year 2012 AMT Assistant

Tax Year 2011 AMT Assistant

Your entries in the AMT Assistant application are anonymous and the information will be used only for the purpose of determining your eligibility. All entries are erased when you exit or start over. See the “IRS Privacy Policy” for more information.

Page Last Reviewed or Updated: 27-Mar-2014

The Irs Forms For 2012

Irs forms for 2012 Publication 515 - Introductory Material Table of Contents Future Developments What's New Reminders IntroductionOrdering forms and publications. Irs forms for 2012 Tax questions. Irs forms for 2012 Useful Items - You may want to see: Future Developments For the latest information about developments related to Publication 515, such as legislation enacted after it was published, go to www. Irs forms for 2012 irs. Irs forms for 2012 gov/pub515. Irs forms for 2012 What's New Deposit interest paid to certain nonresident alien individuals. Irs forms for 2012  New rules apply to reporting of deposit interest paid to certain nonresident alien individuals on or after January 1, 2013. Irs forms for 2012 Deposit interest of $10 or more paid to certain nonresident alien individuals must be reported on Form 1042–S. Irs forms for 2012 See Deposit interest paid to certain nonresident alien individuals in 2013. Irs forms for 2012 Portfolio interest. Irs forms for 2012 . Irs forms for 2012  The rules determining whether interest is considered portfolio interest changed for obligations issued after March 18, 2012. Irs forms for 2012 Generally, interest paid on nonregistered (bearer) bonds will not be treated as portfolio interest. Irs forms for 2012 See Portfolio interest. Irs forms for 2012 U. Irs forms for 2012 S. Irs forms for 2012 real property interest. Irs forms for 2012  Generally, the treatment of a regulated investment company (RIC) as a qualified investment entity (QIE) was scheduled to expire at the end of 2011. Irs forms for 2012 The provision has been extended through 2013. Irs forms for 2012 The special rules that apply to distributions from a QIE attributable to the gain from the sale or exchange of a U. Irs forms for 2012 S. Irs forms for 2012 real property interest will continue to apply to any distribution from a RIC. Irs forms for 2012 See Qualified investment entities under U. Irs forms for 2012 S. Irs forms for 2012 Real Property Interest. Irs forms for 2012 Interest-related dividends and short-term capital gain dividends received from mutual funds. Irs forms for 2012  The exemption from withholding on certain interest-related dividends and short-term capital gain dividends paid by a mutual fund or other regulated investment company was scheduled to expire at the end of 2011. Irs forms for 2012 These provisions have been extended through 2013. Irs forms for 2012 Partnership withholding rate on effectively connected income. Irs forms for 2012  For 2013, the rate for withholding on noncorporate partners has increased to 39. Irs forms for 2012 6%. Irs forms for 2012 The rate for corporate partners remains 35%. Irs forms for 2012 Reminders Exemption from requirement to withhold for certain payments to qualified securities lenders. Irs forms for 2012  If you made U. Irs forms for 2012 S. Irs forms for 2012 -source substitute dividend payments to qualified securities lenders, and these payments are part of a chain of substitute dividend payments, you may be exempt from withholding tax on the payments. Irs forms for 2012 See Amounts paid to qualified securities lenders . Irs forms for 2012 Electronic deposits. Irs forms for 2012  You must make all deposits of taxes electronically. Irs forms for 2012 Substitute forms. Irs forms for 2012  Any substitute forms you use must comply with the requirements in Publication 1179, General Rules and Specifications for Substitute Forms 1096, 1098, 1099, 5498, and Certain Other Information Returns. Irs forms for 2012 If they do not, the forms may be rejected as incorrect and the IRS may impose penalties. Irs forms for 2012 See Penalties. Irs forms for 2012 Filing electronically. Irs forms for 2012  If you file Form 1042-S electronically, you will use the Filing Information Returns Electronically (FIRE) system. Irs forms for 2012 You get to the system through the Internet at fire. Irs forms for 2012 irs. Irs forms for 2012 gov. Irs forms for 2012 For files submitted on the FIRE system, it is the responsibility of the filer to verify the results of the transmission within 5 business days. Irs forms for 2012 The IRS will not mail error reports for files that are bad. Irs forms for 2012 Qualified intermediaries. Irs forms for 2012  A branch of a financial institution may not act as a qualified intermediary in a country that does not have approved know-your-customer rules. Irs forms for 2012 See Qualified intermediary under Foreign Intermediaries. Irs forms for 2012 Requests for extensions on Form 8809 must be filed electronically. Irs forms for 2012  Requests on Form 8809 for an extension of time to file Form 1042–S must be made electronically if the request is for more than one payer. Irs forms for 2012 See Extension to file Form 1042-S with the IRS. Irs forms for 2012 Photographs of missing children. Irs forms for 2012  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Irs forms for 2012 Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Irs forms for 2012 You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Irs forms for 2012 Introduction This publication is for withholding agents who pay income to foreign persons, including nonresident aliens, foreign corporations, foreign partnerships, foreign trusts, foreign estates, foreign governments, and international organizations. Irs forms for 2012 Specifically, it describes the persons responsible for withholding (withholding agents), the types of income subject to withholding, and the information return and tax return filing obligations of withholding agents. Irs forms for 2012 In addition to discussing the rules that apply generally to payments of U. Irs forms for 2012 S. Irs forms for 2012 source income to foreign persons, it also contains sections on the withholding that applies to the disposition of U. Irs forms for 2012 S. Irs forms for 2012 real property interests and the withholding by partnerships on income effectively connected with the active conduct of a U. Irs forms for 2012 S. Irs forms for 2012 trade or business. Irs forms for 2012 Beginning in 2014, additional withholding rules become effective under Chapter 4 of the Internal Revenue Code as added by the Foreign Account Tax Compliance Act (FATCA). Irs forms for 2012 U. Irs forms for 2012 S. Irs forms for 2012 withholding agents will be required to withhold on certain types of payments made to foreign financial institutions that do not enter into an agreement with the IRS. Irs forms for 2012 For information on these provisions, go to www. Irs forms for 2012 irs. Irs forms for 2012 gov/fatca. Irs forms for 2012 Comments and suggestions. Irs forms for 2012   We welcome your comments about this publication and your suggestions for future editions. Irs forms for 2012   You can write to us at the following address: Internal Revenue Service Business Forms and Publications Branch SE:W:CAR:MP:T:B 1111 Constitution Ave. Irs forms for 2012 NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Irs forms for 2012 Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Irs forms for 2012   You can email us at taxforms@irs. Irs forms for 2012 gov. Irs forms for 2012 Please put “Publications Comment” on the subject line. Irs forms for 2012 You can also send us comments from www. Irs forms for 2012 irs. Irs forms for 2012 gov/formspubs/. Irs forms for 2012 Select “Comment on Tax Forms and Publications” under “Information About. Irs forms for 2012 ”   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Irs forms for 2012 Ordering forms and publications. Irs forms for 2012   Visit www. Irs forms for 2012 irs. Irs forms for 2012 gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Irs forms for 2012 Internal Revenue Service 1201 N. Irs forms for 2012 Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Irs forms for 2012   If you have a tax question, check the information available on IRS. Irs forms for 2012 gov or call 1-800-829-1040. Irs forms for 2012 We cannot answer tax questions sent to either of the above addresses. Irs forms for 2012 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 519 U. Irs forms for 2012 S. Irs forms for 2012 Tax Guide for Aliens 901 U. Irs forms for 2012 S. Irs forms for 2012 Tax Treaties Form (and Instructions) SS-4 Application for Employer Identification Number W-2 Wage and Tax Statement W-4 Employee's Withholding Allowance Certificate W-4P Withholding Certificate for Pension or Annuity Payments W-7 Application for IRS Individual Taxpayer Identification Number W-8BEN Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding W-8ECI Certificate of Foreign Person's Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States W-8EXP Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding W-8IMY Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U. Irs forms for 2012 S. Irs forms for 2012 Branches for United States Tax Withholding 941 Employer's QUARTERLY Federal Tax Return 1042 Annual Withholding Tax Return for U. Irs forms for 2012 S. Irs forms for 2012 Source Income of Foreign Persons 1042-S Foreign Person's U. Irs forms for 2012 S. Irs forms for 2012 Source Income Subject to Withholding 1042-T Annual Summary and Transmittal of Forms 1042-S See How To Get Tax Help at the end of this publication, for information about getting publications and forms. Irs forms for 2012 Prev  Up  Next   Home   More Online Publications