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Irs Tax Forms 1040x

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Irs Tax Forms 1040x

Irs tax forms 1040x 2. Irs tax forms 1040x   Roth IRAs Table of Contents What's New for 2013 What's New for 2014 Reminders Introduction What Is a Roth IRA? When Can a Roth IRA Be Opened? Can You Contribute to a Roth IRA?How Much Can Be Contributed? When Can You Make Contributions? What if You Contribute Too Much? Can You Move Amounts Into a Roth IRA?Conversions Rollover From Employer's Plan Into a Roth IRA Military Death Gratuities and Servicemembers' Group Life Insurance (SGLI) Payments Rollover From a Roth IRA Rollover of Exxon Valdez Settlement Income Rollover of Airline Payments Are Distributions Taxable?What Are Qualified Distributions? Additional Tax on Early Distributions Ordering Rules for Distributions How Do You Figure the Taxable Part? Must You Withdraw or Use Assets?Minimum distributions. Irs tax forms 1040x Recognizing Losses on Investments Distributions After Owner's Death What's New for 2013 Roth IRA contribution limit. Irs tax forms 1040x  If contributions on your behalf are made only to Roth IRAs, your contribution limit for 2013 will generally be the lesser of: $5,500, or Your taxable compensation for the year. Irs tax forms 1040x If you were age 50 or older before 2014 and contributions on your behalf were made only to Roth IRAs, your contribution limit for 2013 will generally be the lesser of: $6,500, or Your taxable compensation for the year. Irs tax forms 1040x However, if your modified adjusted gross income (AGI) is above a certain amount, your contribution limit may be reduced. Irs tax forms 1040x For more information, see How Much Can Be Contributed? under Can You Contribute to a Roth IRA? in this chapter. Irs tax forms 1040x Modified AGI limit for Roth IRA contributions increased. Irs tax forms 1040x  For 2013, your Roth IRA contribution limit is reduced (phased out) in the following situations. Irs tax forms 1040x Your filing status is married filing jointly or qualifying widow(er) and your modified AGI is at least $178,000. Irs tax forms 1040x You cannot make a Roth IRA contribution if your modified AGI is $188,000 or more. Irs tax forms 1040x Your filing status is single, head of household, or married filing separately and you did not live with your spouse at any time in 2013 and your modified AGI is at least $112,000. Irs tax forms 1040x You cannot make a Roth IRA contribution if your modified AGI is $127,000 or more. Irs tax forms 1040x Your filing status is married filing separately, you lived with your spouse at any time during the year, and your modified AGI is more than -0-. Irs tax forms 1040x You cannot make a Roth IRA contribution if your modified AGI is $10,000 or more. Irs tax forms 1040x See Can You Contribute to a Roth IRA? in this chapter. Irs tax forms 1040x Net Investment Income Tax. Irs tax forms 1040x  For purposes of the Net Investment Income Tax (NIIT), net investment income does not include distributions from a qualified retirement plan (for example, 401(a), 403(a), 403(b), 457(b) plans, and IRAs). Irs tax forms 1040x However, these distributions are taken into account when determining the modified adjusted gross income threshold. Irs tax forms 1040x Distributions from a nonqualified retirement plan are included in net investment income. Irs tax forms 1040x See Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts, and its instructions for more information. Irs tax forms 1040x What's New for 2014 Modified AGI limit for Roth IRA contributions increased. Irs tax forms 1040x  For 2014, your Roth IRA contribution limit is reduced (phased out) in the following situations. Irs tax forms 1040x Your filing status is married filing jointly or qualifying widow(er) and your modified AGI is at least $181,000. Irs tax forms 1040x You cannot make a Roth IRA contribution if your modified AGI is $191,000 or more. Irs tax forms 1040x Your filing status is single, head of household, or married filing separately and you did not live with your spouse at any time in 2014 and your modified AGI is at least $114,000. Irs tax forms 1040x You cannot make a Roth IRA contribution if your modified AGI is $129,000 or more. Irs tax forms 1040x Your filing status is married filing separately, you lived with your spouse at any time during the year, and your modified AGI is more than -0-. Irs tax forms 1040x You cannot make a Roth IRA contribution if your modified AGI is $10,000 or more. Irs tax forms 1040x Reminders Deemed IRAs. Irs tax forms 1040x  For plan years beginning after 2002, a qualified employer plan (retirement plan) can maintain a separate account or annuity under the plan (a deemed IRA) to receive voluntary employee contributions. Irs tax forms 1040x If the separate account or annuity otherwise meets the requirements of an IRA, it will be subject only to IRA rules. Irs tax forms 1040x An employee's account can be treated as a traditional IRA or a Roth IRA. Irs tax forms 1040x For this purpose, a “qualified employer plan” includes: A qualified pension, profit-sharing, or stock bonus plan (section 401(a) plan), A qualified employee annuity plan (section 403(a) plan), A tax-sheltered annuity plan (section 403(b) plan), and A deferred compensation plan (section 457 plan) maintained by a state, a political subdivision of a state, or an agency or instrumentality of a state or political subdivision of a state. Irs tax forms 1040x Designated Roth accounts. Irs tax forms 1040x  Designated Roth accounts are separate accounts under 401(k), 403(b), or 457(b) plans that accept elective deferrals that are referred to as Roth contributions. Irs tax forms 1040x These elective deferrals are included in your income, but qualified distributions from these accounts are not included in your income. Irs tax forms 1040x Designated Roth accounts are not IRAs and should not be confused with Roth IRAs. Irs tax forms 1040x Contributions, up to their respective limits, can be made to Roth IRAs and designated Roth accounts according to your eligibility to participate. Irs tax forms 1040x A contribution to one does not impact your eligibility to contribute to the other. Irs tax forms 1040x See Publication 575, for more information on designated Roth accounts. Irs tax forms 1040x Introduction Regardless of your age, you may be able to establish and make nondeductible contributions to an individual retirement plan called a Roth IRA. Irs tax forms 1040x Contributions not reported. Irs tax forms 1040x   You do not report Roth IRA contributions on your return. Irs tax forms 1040x What Is a Roth IRA? A Roth IRA is an individual retirement plan that, except as explained in this chapter, is subject to the rules that apply to a traditional IRA (defined next). Irs tax forms 1040x It can be either an account or an annuity. Irs tax forms 1040x Individual retirement accounts and annuities are described in chapter 1 under How Can a Traditional IRA Be Opened. Irs tax forms 1040x To be a Roth IRA, the account or annuity must be designated as a Roth IRA when it is opened. Irs tax forms 1040x A deemed IRA can be a Roth IRA, but neither a SEP IRA nor a SIMPLE IRA can be designated as a Roth IRA. Irs tax forms 1040x Unlike a traditional IRA, you cannot deduct contributions to a Roth IRA. Irs tax forms 1040x But, if you satisfy the requirements, qualified distributions (discussed later) are tax free. Irs tax forms 1040x Contributions can be made to your Roth IRA after you reach age 70½ and you can leave amounts in your Roth IRA as long as you live. Irs tax forms 1040x Traditional IRA. Irs tax forms 1040x   A traditional IRA is any IRA that is not a Roth IRA or SIMPLE IRA. Irs tax forms 1040x Traditional IRAs are discussed in chapter 1. Irs tax forms 1040x When Can a Roth IRA Be Opened? You can open a Roth IRA at any time. Irs tax forms 1040x However, the time for making contributions for any year is limited. Irs tax forms 1040x See When Can You Make Contributions , later under Can You Contribute to a Roth IRA. Irs tax forms 1040x Can You Contribute to a Roth IRA? Generally, you can contribute to a Roth IRA if you have taxable compensation (defined later) and your modified AGI (defined later) is less than: $188,000 for married filing jointly or qualifying widow(er), $127,000 for single, head of household, or married filing separately and you did not live with your spouse at any time during the year, and $10,000 for married filing separately and you lived with your spouse at any time during the year. Irs tax forms 1040x You may be able to claim a credit for contributions to your Roth IRA. Irs tax forms 1040x For more information, see chapter 4. Irs tax forms 1040x Is there an age limit for contributions?   Contributions can be made to your Roth IRA regardless of your age. Irs tax forms 1040x Can you contribute to a Roth IRA for your spouse?   You can contribute to a Roth IRA for your spouse provided the contributions satisfy the Kay Bailey Hutchison Spousal IRA limit discussed in chapter 1 under How Much Can Be Contributed, you file jointly, and your modified AGI is less than $188,000. Irs tax forms 1040x Compensation. Irs tax forms 1040x   Compensation includes wages, salaries, tips, professional fees, bonuses, and other amounts received for providing personal services. Irs tax forms 1040x It also includes commissions, self-employment income, nontaxable combat pay, military differential pay, and taxable alimony and separate maintenance payments. Irs tax forms 1040x For more information, see What Is Compensation? under Who Can Open a Traditional IRA? in chapter 1. Irs tax forms 1040x Modified AGI. Irs tax forms 1040x   Your modified AGI for Roth IRA purposes is your adjusted gross income (AGI) as shown on your return with some adjustments. Irs tax forms 1040x Use Worksheet 2-1 , later, to determine your modified AGI. Irs tax forms 1040x    Do not subtract conversion income when figuring your other AGI-based phaseouts and taxable income, such as your deduction for medical and dental expenses. Irs tax forms 1040x Subtract them from AGI only for the purpose of figuring your modified AGI for Roth IRA purposes. Irs tax forms 1040x How Much Can Be Contributed? The contribution limit for Roth IRAs generally depends on whether contributions are made only to Roth IRAs or to both traditional IRAs and Roth IRAs. Irs tax forms 1040x Worksheet 2-1. Irs tax forms 1040x Modified Adjusted Gross Income for Roth IRA Purposes Use this worksheet to figure your modified adjusted gross income for Roth IRA purposes. Irs tax forms 1040x 1. Irs tax forms 1040x Enter your adjusted gross income from Form 1040, line 38; Form 1040A, line 22; or Form 1040NR, line 37 1. Irs tax forms 1040x   2. Irs tax forms 1040x Enter any income resulting from the conversion of an IRA (other than a Roth IRA) to a Roth IRA (included on Form 1040, line 15b, Form 1040A, line 11b, or Form 1040NR, line 16b) and a rollover from a qualified retirement plan to a Roth IRA (included on Form 1040, line 16b, Form 1040A, line 12b, or Form 1040NR, line 17b) 2. Irs tax forms 1040x   3. Irs tax forms 1040x Subtract line 2 from line 1 3. Irs tax forms 1040x   4. Irs tax forms 1040x Enter any traditional IRA deduction from Form 1040, line 32; Form 1040A, line 17; or Form 1040NR, line 32 4. Irs tax forms 1040x   5. Irs tax forms 1040x Enter any student loan interest deduction from Form 1040, line 33; Form 1040A, line 18; or Form 1040NR, line 33 5. Irs tax forms 1040x   6. Irs tax forms 1040x Enter any tuition and fees deduction from Form 1040, line 34, or Form 1040A, line 19 6. Irs tax forms 1040x   7. Irs tax forms 1040x Enter any domestic production activities deduction from Form 1040, line 35, or Form 1040NR, line 34 7. Irs tax forms 1040x   8. Irs tax forms 1040x Enter any foreign earned income exclusion and/or housing exclusion from Form 2555, line 45, or Form 2555-EZ, line 18 8. Irs tax forms 1040x   9. Irs tax forms 1040x Enter any foreign housing deduction from Form 2555, line 50 9. Irs tax forms 1040x   10. Irs tax forms 1040x Enter any excludable qualified savings bond interest from Form 8815, line 14 10. Irs tax forms 1040x   11. Irs tax forms 1040x Enter any excluded employer-provided adoption benefits from Form 8839, line 28 11. Irs tax forms 1040x   12. Irs tax forms 1040x Add the amounts on lines 3 through 11 12. Irs tax forms 1040x   13. Irs tax forms 1040x Enter: $188,000 if married filing jointly or qualifying widow(er), $10,000 if married filing separately and you lived with your spouse at any time during the year, or $127,000 for all others 13. Irs tax forms 1040x   Is the amount on line 12 more than the amount on line 13? If yes, see the note below. Irs tax forms 1040x  If no, the amount on line 12 is your modified adjusted gross income for Roth IRA purposes. Irs tax forms 1040x       Note. Irs tax forms 1040x If the amount on line 12 is more than the amount on line 13 and you have other income or loss items, such as social security income or passive activity losses, that are subject to AGI-based phaseouts, you can refigure your AGI solely for the purpose of figuring your modified AGI for Roth IRA purposes. Irs tax forms 1040x (If you receive social security benefits, use Worksheet 1 in Appendix B to refigure your AGI. Irs tax forms 1040x ) Then go to line 3 above in this Worksheet 2-1 to refigure your modified AGI. Irs tax forms 1040x If you do not have other income or loss items subject to AGI-based phaseouts, your modified adjusted gross income for Roth IRA purposes is the amount on line 12 above. Irs tax forms 1040x Roth IRAs only. Irs tax forms 1040x   If contributions are made only to Roth IRAs, your contribution limit generally is the lesser of: $5,500 ($6,500 if you are age 50 or older), or Your taxable compensation. Irs tax forms 1040x   However, if your modified AGI is above a certain amount, your contribution limit may be reduced, as explained later under Contribution limit reduced . Irs tax forms 1040x Roth IRAs and traditional IRAs. Irs tax forms 1040x   If contributions are made to both Roth IRAs and traditional IRAs established for your benefit, your contribution limit for Roth IRAs generally is the same as your limit would be if contributions were made only to Roth IRAs, but then reduced by all contributions for the year to all IRAs other than Roth IRAs. Irs tax forms 1040x Employer contributions under a SEP or SIMPLE IRA plan do not affect this limit. Irs tax forms 1040x   This means that your contribution limit is the lesser of: $5,500 ($6,500 if you are age 50 or older) minus all contributions (other than employer contributions under a SEP or SIMPLE IRA plan) for the year to all IRAs other than Roth IRAs, or Your taxable compensation minus all contributions (other than employer contributions under a SEP or SIMPLE IRA plan) for the year to all IRAs other than Roth IRAs. Irs tax forms 1040x   However, if your modified AGI is above a certain amount, your contribution limit may be reduced, as explained below under Contribution limit reduced . Irs tax forms 1040x   Simplified employee pensions (SEPs) are discussed in Publication 560. Irs tax forms 1040x Savings incentive match plans for employees (SIMPLEs) are discussed in chapter 3. Irs tax forms 1040x Repayment of reservist distributions. Irs tax forms 1040x   You can repay qualified reservist distributions even if the repayments would cause your total contributions to the Roth IRA to be more than the general limit on contributions. Irs tax forms 1040x However, the total repayments cannot be more than the amount of your distribution. Irs tax forms 1040x Note. Irs tax forms 1040x If you make repayments of qualified reservist distributions to a Roth IRA, increase your basis in the Roth IRA by the amount of the repayment. Irs tax forms 1040x For more information, see Qualified reservist repayments under How Much Can Be Contributed? in chapter 1. Irs tax forms 1040x Contribution limit reduced. Irs tax forms 1040x   If your modified AGI is above a certain amount, your contribution limit is gradually reduced. Irs tax forms 1040x Use Table 2-1, later, to determine if this reduction applies to you. Irs tax forms 1040x Table 2-1. Irs tax forms 1040x Effect of Modified AGI on Roth IRA Contribution This table shows whether your contribution to a Roth IRA is affected by the amount of your modified adjusted gross income (modified AGI). Irs tax forms 1040x IF you have taxable compensation and your filing status is . Irs tax forms 1040x . Irs tax forms 1040x . Irs tax forms 1040x AND your modified AGI is . Irs tax forms 1040x . Irs tax forms 1040x . Irs tax forms 1040x THEN . Irs tax forms 1040x . Irs tax forms 1040x . Irs tax forms 1040x married filing jointly or  qualifying widow(er) less than $178,000 you can contribute up to $5,500 ($6,500 if you are age 50 or older) as explained under How Much Can Be Contributed . Irs tax forms 1040x at least $178,000 but less than $188,000 the amount you can contribute is reduced as explained under Contribution limit reduced . Irs tax forms 1040x $188,000 or more you cannot contribute to a Roth IRA. Irs tax forms 1040x married filing separately and you lived with your spouse at any time during the year zero (-0-) you can contribute up to $5,500 ($6,500 if you are age 50 or older) as explained under How Much Can Be Contributed . Irs tax forms 1040x more than zero (-0-) but less than $10,000 the amount you can contribute is reduced as explained under Contribution limit reduced . Irs tax forms 1040x $10,000 or more you cannot contribute to a Roth IRA. Irs tax forms 1040x single, head of household,  or married filing separately and you did not live with your spouse at any time during the year less than $112,000 you can contribute up to $5,500 ($6,500 if you are age 50 or older) as explained under How Much Can Be Contributed . Irs tax forms 1040x at least $112,000 but less than $127,000 the amount you can contribute is reduced as explained under Contribution limit reduced . Irs tax forms 1040x $127,000 or more you cannot contribute to a Roth IRA. Irs tax forms 1040x Figuring the reduction. Irs tax forms 1040x   If the amount you can contribute must be reduced, use Worksheet 2-2, later, to figure your reduced contribution limit. Irs tax forms 1040x Worksheet 2-2. Irs tax forms 1040x Determining Your Reduced Roth IRA Contribution Limit Before using this worksheet, check Table 2-1, earlier, to determine whether or not your Roth IRA contribution limit is reduced. Irs tax forms 1040x If it is, use this worksheet to determine how much it is reduced. Irs tax forms 1040x 1. Irs tax forms 1040x Enter your modified AGI for Roth IRA purposes (Worksheet 2-1, line 12) 1. Irs tax forms 1040x   2. Irs tax forms 1040x Enter: $178,000 if filing a joint return or qualifying widow(er), $-0- if married filing a separate return and you lived with your spouse at any time in 2013, or $112,000 for all others 2. Irs tax forms 1040x   3. Irs tax forms 1040x Subtract line 2 from line 1 3. Irs tax forms 1040x   4. Irs tax forms 1040x Enter: $10,000 if filing a joint return or qualifying widow(er) or married filing a separate return and you lived with your spouse at any time during the year, or $15,000 for all others 4. Irs tax forms 1040x   5. Irs tax forms 1040x Divide line 3 by line 4 and enter the result as a decimal (rounded to at least three places). Irs tax forms 1040x If the result is 1. Irs tax forms 1040x 000 or more, enter 1. Irs tax forms 1040x 000 5. Irs tax forms 1040x   6. Irs tax forms 1040x Enter the lesser of: $5,500 ($6,500 if you are age 50 or older), or Your taxable compensation 6. Irs tax forms 1040x   7. Irs tax forms 1040x Multiply line 5 by line 6 7. Irs tax forms 1040x   8. Irs tax forms 1040x Subtract line 7 from line 6. Irs tax forms 1040x Round the result up to the nearest $10. Irs tax forms 1040x If the result is less than $200, enter $200 8. Irs tax forms 1040x   9. Irs tax forms 1040x Enter contributions for the year to other IRAs 9. Irs tax forms 1040x   10. Irs tax forms 1040x Subtract line 9 from line 6 10. Irs tax forms 1040x   11. Irs tax forms 1040x Enter the lesser of line 8 or line 10. Irs tax forms 1040x This is your reduced Roth IRA contribution limit 11. Irs tax forms 1040x      Round your reduced contribution limit up to the nearest $10. Irs tax forms 1040x If your reduced contribution limit is more than $0, but less than $200, increase the limit to $200. Irs tax forms 1040x Example. Irs tax forms 1040x You are a 45-year-old, single individual with taxable compensation of $113,000. Irs tax forms 1040x You want to make the maximum allowable contribution to your Roth IRA for 2013. Irs tax forms 1040x Your modified AGI for 2013 is $113,000. Irs tax forms 1040x You have not contributed to any traditional IRA, so the maximum contribution limit before the modified AGI reduction is $5,500. Irs tax forms 1040x You figure your reduced Roth IRA contribution of $5,140 as shown on Worksheet 2-2. Irs tax forms 1040x Example—Illustrated, later. Irs tax forms 1040x   Worksheet 2-2. Irs tax forms 1040x Example—Illustrated Before using this worksheet, check Table 2-1, earlier, to determine whether or not your Roth IRA contribution limit is reduced. Irs tax forms 1040x If it is, use this worksheet to determine how much it is reduced. Irs tax forms 1040x 1. Irs tax forms 1040x Enter your modified AGI for Roth IRA purposes (Worksheet 2-1, line 12) 1. Irs tax forms 1040x 113,000 2. Irs tax forms 1040x Enter: $178,000 if filing a joint return or qualifying widow(er), $-0- if married filing a separate return and you lived with your spouse at any time in 2013, or $112,000 for all others 2. Irs tax forms 1040x 112,000 3. Irs tax forms 1040x Subtract line 2 from line 1 3. Irs tax forms 1040x 1,000 4. Irs tax forms 1040x Enter: $10,000 if filing a joint return or qualifying widow(er) or married filing a separate return and you lived with your spouse at any time during the year, or $15,000 for all others 4. Irs tax forms 1040x 15,000 5. Irs tax forms 1040x Divide line 3 by line 4 and enter the result as a decimal (rounded to at least three places). Irs tax forms 1040x If the result is 1. Irs tax forms 1040x 000 or more, enter 1. Irs tax forms 1040x 000 5. Irs tax forms 1040x . Irs tax forms 1040x 067 6. Irs tax forms 1040x Enter the lesser of: $5,500 ($6,500 if you are age 50 or older), or Your taxable compensation 6. Irs tax forms 1040x 5,500 7. Irs tax forms 1040x Multiply line 5 by line 6 7. Irs tax forms 1040x 369 8. Irs tax forms 1040x Subtract line 7 from line 6. Irs tax forms 1040x Round the result up to the nearest $10. Irs tax forms 1040x If the result is less than $200, enter $200 8. Irs tax forms 1040x 5,140 9. Irs tax forms 1040x Enter contributions for the year to other IRAs 9. Irs tax forms 1040x 0 10. Irs tax forms 1040x Subtract line 9 from line 6 10. Irs tax forms 1040x 5,500 11. Irs tax forms 1040x Enter the lesser of line 8 or line 10. Irs tax forms 1040x This is your reduced Roth IRA contribution limit 11. Irs tax forms 1040x 5,140 When Can You Make Contributions? You can make contributions to a Roth IRA for a year at any time during the year or by the due date of your return for that year (not including extensions). Irs tax forms 1040x You can make contributions for 2013 by the due date (not including extensions) for filing your 2013 tax return. Irs tax forms 1040x This means that most people can make contributions for 2013 by April 15, 2014. Irs tax forms 1040x What if You Contribute Too Much? A 6% excise tax applies to any excess contribution to a Roth IRA. Irs tax forms 1040x Excess contributions. Irs tax forms 1040x   These are the contributions to your Roth IRAs for a year that equal the total of: Amounts contributed for the tax year to your Roth IRAs (other than amounts properly and timely rolled over from a Roth IRA or properly converted from a traditional IRA or rolled over from a qualified retirement plan, as described later) that are more than your contribution limit for the year (explained earlier under How Much Can Be Contributed? ), plus Any excess contributions for the preceding year, reduced by the total of: Any distributions out of your Roth IRAs for the year, plus Your contribution limit for the year minus your contributions to all your IRAs for the year. Irs tax forms 1040x Withdrawal of excess contributions. Irs tax forms 1040x   For purposes of determining excess contributions, any contribution that is withdrawn on or before the due date (including extensions) for filing your tax return for the year is treated as an amount not contributed. Irs tax forms 1040x This treatment only applies if any earnings on the contributions are also withdrawn. Irs tax forms 1040x The earnings are considered earned and received in the year the excess contribution was made. Irs tax forms 1040x   If you timely filed your 2013 tax return without withdrawing a contribution that you made in 2013, you can still have the contribution returned to you within 6 months of the due date of your 2013 tax return, excluding extensions. Irs tax forms 1040x If you do, file an amended return with “Filed pursuant to section 301. Irs tax forms 1040x 9100-2” written at the top. Irs tax forms 1040x Report any related earnings on the amended return and include an explanation of the withdrawal. Irs tax forms 1040x Make any other necessary changes on the amended return. Irs tax forms 1040x Applying excess contributions. Irs tax forms 1040x    If contributions to your Roth IRA for a year were more than the limit, you can apply the excess contribution in one year to a later year if the contributions for that later year are less than the maximum allowed for that year. Irs tax forms 1040x Can You Move Amounts Into a Roth IRA? You may be able to convert amounts from either a traditional, SEP, or SIMPLE IRA into a Roth IRA. Irs tax forms 1040x You may be able to roll over amounts from a qualified retirement plan to a Roth IRA. Irs tax forms 1040x You may be able to recharacterize contributions made to one IRA as having been made directly to a different IRA. Irs tax forms 1040x You can roll amounts over from a designated Roth account or from one Roth IRA to another Roth IRA. Irs tax forms 1040x Conversions You can convert a traditional IRA to a Roth IRA. Irs tax forms 1040x The conversion is treated as a rollover, regardless of the conversion method used. Irs tax forms 1040x Most of the rules for rollovers, described in chapter 1 under Rollover From One IRA Into Another , apply to these rollovers. Irs tax forms 1040x However, the 1-year waiting period does not apply. Irs tax forms 1040x Conversion methods. Irs tax forms 1040x   You can convert amounts from a traditional IRA to a Roth IRA in any of the following three ways. Irs tax forms 1040x Rollover. Irs tax forms 1040x You can receive a distribution from a traditional IRA and roll it over (contribute it) to a Roth IRA within 60 days after the distribution. Irs tax forms 1040x Trustee-to-trustee transfer. Irs tax forms 1040x You can direct the trustee of the traditional IRA to transfer an amount from the traditional IRA to the trustee of the Roth IRA. Irs tax forms 1040x Same trustee transfer. Irs tax forms 1040x If the trustee of the traditional IRA also maintains the Roth IRA, you can direct the trustee to transfer an amount from the traditional IRA to the Roth IRA. Irs tax forms 1040x Same trustee. Irs tax forms 1040x   Conversions made with the same trustee can be made by redesignating the traditional IRA as a Roth IRA, rather than opening a new account or issuing a new contract. Irs tax forms 1040x Income. Irs tax forms 1040x   You must include in your gross income distributions from a traditional IRA that you would have had to include in income if you had not converted them into a Roth IRA. Irs tax forms 1040x These amounts are normally included in income on your return for the year that you converted them from a traditional IRA to a Roth IRA. Irs tax forms 1040x If you must include any amount in your gross income, you may have to increase your withholding or make estimated tax payments. Irs tax forms 1040x See Publication 505, Tax Withholding and Estimated Tax. Irs tax forms 1040x More information. Irs tax forms 1040x   For more information on conversions, see Converting From Any Traditional IRA Into a Roth IRA in chapter 1. Irs tax forms 1040x Rollover From Employer's Plan Into a Roth IRA You can roll over into a Roth IRA all or part of an eligible rollover distribution you receive from your (or your deceased spouse's): Employer's qualified pension, profit-sharing, or stock bonus plan (including a 401(k) plan); Annuity plan; Tax-sheltered annuity plan (section 403(b) plan); or Governmental deferred compensation plan (section 457 plan). Irs tax forms 1040x Any amount rolled over is subject to the same rules for converting a traditional IRA into a Roth IRA. Irs tax forms 1040x See Converting From Any Traditional IRA Into a Roth IRA in chapter 1. Irs tax forms 1040x Also, the rollover contribution must meet the rollover requirements that apply to the specific type of retirement plan. Irs tax forms 1040x Rollover methods. Irs tax forms 1040x   You can roll over amounts from a qualified retirement plan to a Roth IRA in one of the following ways. Irs tax forms 1040x Rollover. Irs tax forms 1040x You can receive a distribution from a qualified retirement plan and roll it over (contribute) to a Roth IRA within 60 days after the distribution. Irs tax forms 1040x Since the distribution is paid directly to you, the payer generally must withhold 20% of it. Irs tax forms 1040x Direct rollover option. Irs tax forms 1040x Your employer's qualified plan must give you the option to have any part of an eligible rollover distribution paid directly to a Roth IRA. Irs tax forms 1040x Generally, no tax is withheld from any part of the designated distribution that is directly paid to the trustee of the Roth IRA. Irs tax forms 1040x Rollover by nonspouse beneficiary. Irs tax forms 1040x   If you are a designated beneficiary (other than a surviving spouse) of a deceased employee, you can roll over all or part of an eligible rollover distribution from one of the types of plans listed above into a Roth IRA. Irs tax forms 1040x You must make the rollover by a direct trustee-to-trustee transfer into an inherited Roth IRA. Irs tax forms 1040x   You will determine your required minimum distributions in years after you make the rollover based on whether the employee died before his or her required beginning date for taking distributions from the plan. Irs tax forms 1040x For more information, see Distributions after the employee’s death under Tax on Excess Accumulation in Publication 575. Irs tax forms 1040x Income. Irs tax forms 1040x   You must include in your gross income distributions from a qualified retirement plan that you would have had to include in income if you had not rolled them over into a Roth IRA. Irs tax forms 1040x You do not include in gross income any part of a distribution from a qualified retirement plan that is a return of contributions (after-tax contributions) to the plan that were taxable to you when paid. Irs tax forms 1040x These amounts are normally included in income on your return for the year of the rollover from the qualified employer plan to a Roth IRA. Irs tax forms 1040x If you must include any amount in your gross income, you may have to increase your withholding or make estimated tax payments. Irs tax forms 1040x See Publication 505, Tax Withholding and Estimated Tax. Irs tax forms 1040x For more information on eligible rollover distributions from qualified retirement plans and withholding, see Rollover From Employer's Plan Into an IRA in chapter 1. Irs tax forms 1040x Military Death Gratuities and Servicemembers' Group Life Insurance (SGLI) Payments If you received a military death gratuity or SGLI payment with respect to a death from injury that occurred after October 6, 2001, you can contribute (roll over) all or part of the amount received to your Roth IRA. Irs tax forms 1040x The contribution is treated as a qualified rollover contribution. Irs tax forms 1040x The amount you can roll over to your Roth IRA cannot exceed the total amount that you received reduced by any part of that amount that was contributed to a Coverdell ESA or another Roth IRA. Irs tax forms 1040x Any military death gratuity or SGLI payment contributed to a Roth IRA is disregarded for purposes of the 1-year waiting period between rollovers. Irs tax forms 1040x The rollover must be completed before the end of the 1-year period beginning on the date you received the payment. Irs tax forms 1040x The amount contributed to your Roth IRA is treated as part of your cost basis (investment in the contract) in the Roth IRA that is not taxable when distributed. Irs tax forms 1040x Rollover From a Roth IRA You can withdraw, tax free, all or part of the assets from one Roth IRA if you contribute them within 60 days to another Roth IRA. Irs tax forms 1040x Most of the rules for rollovers, described in chapter 1 under Rollover From One IRA Into Another , apply to these rollovers. Irs tax forms 1040x However, rollovers from retirement plans other than Roth IRAs are disregarded for purposes of the 1-year waiting period between rollovers. Irs tax forms 1040x A rollover from a Roth IRA to an employer retirement plan is not allowed. Irs tax forms 1040x A rollover from a designated Roth account can only be made to another designated Roth account or to a Roth IRA. Irs tax forms 1040x If you roll over an amount from one Roth IRA to another Roth IRA, the 5-year period used to determine qualified distributions does not change. Irs tax forms 1040x The 5-year period begins with the first taxable year for which the contribution was made to the initial Roth IRA. Irs tax forms 1040x See What are Qualified Distributions , later. Irs tax forms 1040x Rollover of Exxon Valdez Settlement Income If you are a qualified taxpayer (defined in chapter 1, earlier) and you received qualified settlement income (defined in chapter 1, earlier), you can contribute all or part of the amount received to an eligible retirement plan which includes a Roth IRA. Irs tax forms 1040x The rules for contributing qualified settlement income to a Roth IRA are the same as the rules for contributing qualified settlement income to a traditional IRA with the following exception. Irs tax forms 1040x Qualified settlement income that is contributed to a Roth IRA, or to a designated Roth account, will be: Included in your taxable income for the year the qualified settlement income was received, and Treated as part of your cost basis (investment in the contract) in the Roth IRA that is not taxable when distributed. Irs tax forms 1040x For more information, see Rollover of Exxon Valdez Settlement Income in chapter 1. Irs tax forms 1040x Rollover of Airline Payments If you are a qualified airline employee (defined next), you may contribute any portion of an airline payment (defined below) you receive to a Roth IRA. Irs tax forms 1040x The contribution must be made within 180 days from the date you received the payment. Irs tax forms 1040x The contribution will be treated as a qualified rollover contribution. Irs tax forms 1040x The rollover contribution is included in income to the extent it would be included in income if it were not part of the rollover contribution. Irs tax forms 1040x Also, any reduction in the airline payment amount on account of employment taxes shall be disregarded when figuring the amount you can contribute to your Roth IRA. Irs tax forms 1040x Qualified airline employee. Irs tax forms 1040x    A current or former employee of a commercial airline carrier who was a participant in a qualified defined benefit plan maintained by the carrier which was terminated or became subject to restrictions under Section 402(b) of the Pension Protection Act of 2006. Irs tax forms 1040x These provisions also apply to surviving spouses of qualified airline employees. Irs tax forms 1040x Airline payment. Irs tax forms 1040x    An airline payment is any payment of money or other property that is paid to a qualified airline employee from a commercial airline carrier. Irs tax forms 1040x The payment also must be made both: Under the approval of an order of federal bankruptcy court in a case filed after September 11, 2001, and before January 1, 2007, and In respect of the qualified airline employee’s interest in a bankruptcy claim against the airline carrier, any note of the carrier (or amount paid in lieu of a note being issued), or any other fixed obligation of the carrier to pay a lump sum amount. Irs tax forms 1040x Any reduction in the airline payment amount on account of employment taxes shall be disregarded when figuring the amount you can roll over to your traditional IRA. Irs tax forms 1040x Also, an airline payment shall not include any amount payable on the basis of the airline carrier’s future earnings or profits. Irs tax forms 1040x Are Distributions Taxable? You do not include in your gross income qualified distributions or distributions that are a return of your regular contributions from your Roth IRA(s). Irs tax forms 1040x You also do not include distributions from your Roth IRA that you roll over tax free into another Roth IRA. Irs tax forms 1040x You may have to include part of other distributions in your income. Irs tax forms 1040x See Ordering Rules for Distributions , later. Irs tax forms 1040x Basis of distributed property. Irs tax forms 1040x   The basis of property distributed from a Roth IRA is its fair market value (FMV) on the date of distribution, whether or not the distribution is a qualified distribution. Irs tax forms 1040x Withdrawals of contributions by due date. Irs tax forms 1040x   If you withdraw contributions (including any net earnings on the contributions) by the due date of your return for the year in which you made the contribution, the contributions are treated as if you never made them. Irs tax forms 1040x If you have an extension of time to file your return, you can withdraw the contributions and earnings by the extended due date. Irs tax forms 1040x The withdrawal of contributions is tax free, but you must include the earnings on the contributions in income for the year in which you made the contributions. Irs tax forms 1040x What Are Qualified Distributions? A qualified distribution is any payment or distribution from your Roth IRA that meets the following requirements. Irs tax forms 1040x It is made after the 5-year period beginning with the first taxable year for which a contribution was made to a Roth IRA set up for your benefit, and The payment or distribution is: Made on or after the date you reach age 59½, Made because you are disabled (defined earlier), Made to a beneficiary or to your estate after your death, or One that meets the requirements listed under First home under Exceptions in chapter 1 (up to a $10,000 lifetime limit). Irs tax forms 1040x Additional Tax on Early Distributions If you receive a distribution that is not a qualified distribution, you may have to pay the 10% additional tax on early distributions as explained in the following paragraphs. Irs tax forms 1040x Distributions of conversion and certain rollover contributions within 5-year period. Irs tax forms 1040x   If, within the 5-year period starting with the first day of your tax year in which you convert an amount from a traditional IRA or rollover an amount from a qualified retirement plan to a Roth IRA, you take a distribution from a Roth IRA, you may have to pay the 10% additional tax on early distributions. Irs tax forms 1040x You generally must pay the 10% additional tax on any amount attributable to the part of the amount converted or rolled over (the conversion or rollover contribution) that you had to include in income (recapture amount). Irs tax forms 1040x A separate 5-year period applies to each conversion and rollover. Irs tax forms 1040x See Ordering Rules for Distributions , later, to determine the recapture amount, if any. Irs tax forms 1040x   The 5-year period used for determining whether the 10% early distribution tax applies to a distribution from a conversion or rollover contribution is separately determined for each conversion and rollover, and is not necessarily the same as the 5-year period used for determining whether a distribution is a qualified distribution. Irs tax forms 1040x See What Are Qualified Distributions , earlier. Irs tax forms 1040x   For example, if a calendar-year taxpayer makes a conversion contribution on February 25, 2013, and makes a regular contribution for 2012 on the same date, the 5-year period for the conversion begins January 1, 2013, while the 5-year period for the regular contribution begins on January 1, 2012. Irs tax forms 1040x   Unless one of the exceptions listed later applies, you must pay the additional tax on the portion of the distribution attributable to the part of the conversion or rollover contribution that you had to include in income because of the conversion or rollover. Irs tax forms 1040x   You must pay the 10% additional tax in the year of the distribution, even if you had included the conversion or rollover contribution in an earlier year. Irs tax forms 1040x You also must pay the additional tax on any portion of the distribution attributable to earnings on contributions. Irs tax forms 1040x Other early distributions. Irs tax forms 1040x   Unless one of the exceptions listed below applies, you must pay the 10% additional tax on the taxable part of any distributions that are not qualified distributions. Irs tax forms 1040x Exceptions. Irs tax forms 1040x   You may not have to pay the 10% additional tax in the following situations. Irs tax forms 1040x You have reached age 59½. Irs tax forms 1040x You are totally and permanently disabled. Irs tax forms 1040x You are the beneficiary of a deceased IRA owner. Irs tax forms 1040x You use the distribution to buy, build, or rebuild a first home. Irs tax forms 1040x The distributions are part of a series of substantially equal payments. Irs tax forms 1040x You have unreimbursed medical expenses that are more than 10% (or 7. Irs tax forms 1040x 5% if you or your spouse was born before January 2, 1949) of your adjusted gross income (defined earlier) for the year. Irs tax forms 1040x You are paying medical insurance premiums during a period of unemployment. Irs tax forms 1040x The distributions are not more than your qualified higher education expenses. Irs tax forms 1040x The distribution is due to an IRS levy of the qualified plan. Irs tax forms 1040x The distribution is a qualified reservist distribution. Irs tax forms 1040x Most of these exceptions are discussed earlier in chapter 1 under Early Distributions . Irs tax forms 1040x Please click here for the text description of the image. Irs tax forms 1040x Is Roth Distributions a Qualified Distribution? Ordering Rules for Distributions If you receive a distribution from your Roth IRA that is not a qualified distribution, part of it may be taxable. Irs tax forms 1040x There is a set order in which contributions (including conversion contributions and rollover contributions from qualified retirement plans) and earnings are considered to be distributed from your Roth IRA. Irs tax forms 1040x For these purposes, disregard the withdrawal of excess contributions and the earnings on them (discussed earlier under What if You Contribute Too Much ). Irs tax forms 1040x Order the distributions as follows. Irs tax forms 1040x Regular contributions. Irs tax forms 1040x Conversion and rollover contributions, on a first-in, first-out basis (generally, total conversions and rollovers from the earliest year first). Irs tax forms 1040x See Aggregation (grouping and adding) rules, later. Irs tax forms 1040x Take these conversion and rollover contributions into account as follows: Taxable portion (the amount required to be included in gross income because of the conversion or rollover) first, and then the Nontaxable portion. Irs tax forms 1040x Earnings on contributions. Irs tax forms 1040x Disregard rollover contributions from other Roth IRAs for this purpose. Irs tax forms 1040x Aggregation (grouping and adding) rules. Irs tax forms 1040x   Determine the taxable amounts distributed (withdrawn), distributions, and contributions by grouping and adding them together as follows. Irs tax forms 1040x Add all distributions from all your Roth IRAs during the year together. Irs tax forms 1040x Add all regular contributions made for the year (including contributions made after the close of the year, but before the due date of your return) together. Irs tax forms 1040x Add this total to the total undistributed regular contributions made in prior years. Irs tax forms 1040x Add all conversion and rollover contributions made during the year together. Irs tax forms 1040x For purposes of the ordering rules, in the case of any conversion or rollover in which the conversion or rollover distribution is made in 2013 and the conversion or rollover contribution is made in 2014, treat the conversion or rollover contribution as contributed before any other conversion or rollover contributions made in 2014. Irs tax forms 1040x Add any recharacterized contributions that end up in a Roth IRA to the appropriate contribution group for the year that the original contribution would have been taken into account if it had been made directly to the Roth IRA. Irs tax forms 1040x   Disregard any recharacterized contribution that ends up in an IRA other than a Roth IRA for the purpose of grouping (aggregating) both contributions and distributions. Irs tax forms 1040x Also disregard any amount withdrawn to correct an excess contribution (including the earnings withdrawn) for this purpose. Irs tax forms 1040x Example. Irs tax forms 1040x On October 15, 2009, Justin converted all $80,000 in his traditional IRA to his Roth IRA. Irs tax forms 1040x His Forms 8606 from prior years show that $20,000 of the amount converted is his basis. Irs tax forms 1040x Justin included $60,000 ($80,000 − $20,000) in his gross income. Irs tax forms 1040x On February 23, 2013, Justin made a regular contribution of $5,000 to a Roth IRA. Irs tax forms 1040x On November 8, 2013, at age 60, Justin took a $7,000 distribution from his Roth IRA. Irs tax forms 1040x The first $5,000 of the distribution is a return of Justin's regular contribution and is not includible in his income. Irs tax forms 1040x The next $2,000 of the distribution is not includible in income because it was included previously. Irs tax forms 1040x Figuring your recapture amount. Irs tax forms 1040x   If you had an early distribution from your Roth IRAs in 2013, you must allocate the early distribution by using the Recapture Amount—Allocation Chart, later. Irs tax forms 1040x Recapture Amount—Allocation Chart Enter the amount from your 2013 Form 8606, line 19   Before you begin: You will need your prior year Form(s) 8606 and income tax return(s) if you entered an amount on any line(s) as indicated below. Irs tax forms 1040x   You will now allocate the amount you entered above (2013 Form 8606, line 19) in the order shown, to the amounts on the lines listed below (to the extent a prior year distribution was not allocable to the amount). Irs tax forms 1040x The maximum amount you can enter on each line below is the amount entered on the referenced lines of the form for that year. Irs tax forms 1040x Note. Irs tax forms 1040x Once you have allocated the full amount from your 2013 Form 8606, line 19, STOP. Irs tax forms 1040x See the Example , earlier. Irs tax forms 1040x Tax Year Your Form 2013 Form 8606, line 20   Form 8606, line 22   1998 Form 8606, line 16   Form 8606, line 15   1999 Form 8606, line 16   Form 8606, line 15   2000 Form 8606, line 16   Form 8606, line 15   2001 Form 8606, line 18   Form 8606, line 17   2002 Form 8606, line 18   Form 8606, line 17   2003 Form 8606, line 18   Form 8606, line 17   2004 Form 8606, line 18   Form 8606, line 17   2005 Form 8606, line 18   Form 8606, line 17   2006 Form 8606, line 18   Form 8606, line 17   2007 Form 8606, line 18   Form 8606, line 17   2008 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2009 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2010 Form 8606, lines 18 and 23   Form 8606, lines 17 and 22   2011 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2012 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2013 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2013 Form 8606, line 25       *Only include those amounts rolled over to a Roth IRA. Irs tax forms 1040x  **Only include any contributions (usually Form 1099-R, box 5) that were taxable to you when made and rolled over to a Roth IRA. Irs tax forms 1040x Amount to include on Form 5329, line 1. Irs tax forms 1040x   Include on line 1 of your 2013 Form 5329 the following four amounts from the Recapture Amount—Allocation Chart that you filled out. Irs tax forms 1040x The amount you allocated to line 20 of your 2013 Form 8606. Irs tax forms 1040x The amount(s) allocated to your 2009 through 2013 Forms 8606, line 18, and your 2010 Form 8606, line 23. Irs tax forms 1040x The amount(s) allocated to your 2009, 2011, 2012, and 2013 Forms 1040, line 16b; Forms 1040A, line 12b; and Forms 1040NR, line 17b. Irs tax forms 1040x The amount from your 2013 Form 8606, line 25. Irs tax forms 1040x   Also, include any amount you allocated to line 20 of your 2013 Form 8606 on your 2013 Form 5329, line 2, and enter exception number 09. Irs tax forms 1040x Example. Irs tax forms 1040x Ishmael, age 32, opened a Roth IRA in 2000. Irs tax forms 1040x He made the maximum contributions to it every year. Irs tax forms 1040x In addition, he made the following transactions into his Roth IRA. Irs tax forms 1040x In 2005, he converted $10,000 from his traditional IRA into his Roth IRA. Irs tax forms 1040x He filled out a 2005 Form 8606 and attached it with his 2005 Form 1040. Irs tax forms 1040x He entered $0 on line 17 of Form 8606 because he took a deduction for all the contributions to the traditional IRA, therefore he has no basis. Irs tax forms 1040x He entered $10,000 on line 18 of Form 8606. Irs tax forms 1040x In 2011, he rolled over the entire balance of his qualified retirement plan, $20,000, into a Roth IRA when he changed jobs. Irs tax forms 1040x He used a 2011 Form 1040 to file his taxes. Irs tax forms 1040x He entered $20,000 on line 16a of Form 1040 because that was the amount reported in box 1 of his 2011 Form 1099-R. Irs tax forms 1040x Box 5 of his 2011 Form 1099-R reported $0 since he did not make any after-tax contributions to the qualified retirement plan. Irs tax forms 1040x He entered $20,000 on line 16b of Form 1040 since that is the taxable amount that was rolled over in 2011. Irs tax forms 1040x The total balance in his Roth IRA as of January 1, 2013 was $105,000 ($50,000 in contributions from 2000 through 2012 + $10,000 from the 2005 conversion + $20,000 from the 2011 rollover + $25,000 from earnings). Irs tax forms 1040x He has not taken any early distribution from his Roth IRA before 2013. Irs tax forms 1040x In 2013, he made the maximum contribution of $5,500 to his Roth IRA. Irs tax forms 1040x In August of 2013, he took a $85,500 early distribution from his Roth IRA to use as a down payment on the purchase of his first home. Irs tax forms 1040x See his filled out Illustrated Recapture Amount—Allocation Chart, later, to see how he allocated the amounts from the above transactions. Irs tax forms 1040x Based on his allocation, he would enter $20,000 on his 2013 Form 5329, line 1 (see Amount to include on Form 5329, line 1 , above). Irs tax forms 1040x He should also report $10,000 on his 2013 Form 5329, line 2, and enter exception 09 since that amount is not subject to the 10% additional tax on early distributions. Irs tax forms 1040x Illustrated Recapture Amount—Allocation Chart Enter the amount from your 2013 Form 8606, line 19 $85,500 Before you begin: You will need your prior year Form(s) 8606 and income tax return(s) if you entered an amount on any line(s) as indicated below. Irs tax forms 1040x   You will now allocate the amount you entered above (2013 Form 8606, line 19) in the order shown, to the amounts on the lines listed below (to the extent a prior year distribution was not allocable to the amount). Irs tax forms 1040x The maximum amount you can enter on each line below is the amount entered on the referenced lines of the form for that year. Irs tax forms 1040x Note. Irs tax forms 1040x Once you have allocated the full amount from your 2013 Form 8606, line 19, STOP. Irs tax forms 1040x See the Example , earlier. Irs tax forms 1040x Tax Year Your Form 2013 Form 8606, line 20 $10,000 Form 8606, line 22 $55,500 1998 Form 8606, line 16   Form 8606, line 15   1999 Form 8606, line 16   Form 8606, line 15   2000 Form 8606, line 16   Form 8606, line 15   2001 Form 8606, line 18   Form 8606, line 17   2002 Form 8606, line 18   Form 8606, line 17   2003 Form 8606, line 18   Form 8606, line 17   2004 Form 8606, line 18   Form 8606, line 17   2005 Form 8606, line 18 $10,000 Form 8606, line 17 $-0- 2006 Form 8606, line 18   Form 8606, line 17   2007 Form 8606, line 18   Form 8606, line 17   2008 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2009 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2010 Form 8606, lines 18 and 23   Form 8606, lines 17 and 22   2011 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b* $10,000 Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2012 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2013 Form 8606, line 18  and  Form 1040, line 16b; Form 1040A, line 12b; or Form 1040NR, line 17b*   Form 8606, line 17  and  Form 1040, line 16a; Form 1040A, line 12a; or Form 1040NR, line 17a**   2013 Form 8606, line 25       *Only include those amounts rolled over to a Roth IRA. Irs tax forms 1040x  **Only include any contributions (usually Form 1099-R, box 5) that were taxable to you when made and rolled over to a Roth IRA. Irs tax forms 1040x How Do You Figure the Taxable Part? To figure the taxable part of a distribution that is not a qualified distribution, complete Form 8606, Part III. Irs tax forms 1040x Must You Withdraw or Use Assets? You are not required to take distributions from your Roth IRA at any age. Irs tax forms 1040x The minimum distribution rules that apply to traditional IRAs do not apply to Roth IRAs while the owner is alive. Irs tax forms 1040x However, after the death of a Roth IRA owner, certain of the minimum distribution rules that apply to traditional IRAs also apply to Roth IRAs as explained later under Distributions After Owner's Death . Irs tax forms 1040x Minimum distributions. Irs tax forms 1040x   You cannot use your Roth IRA to satisfy minimum distribution requirements for your traditional IRA. Irs tax forms 1040x Nor can you use distributions from traditional IRAs for required distributions from Roth IRAs. Irs tax forms 1040x See Distributions to beneficiaries , later. Irs tax forms 1040x Recognizing Losses on Investments If you have a loss on your Roth IRA investment, you can recognize the loss on your income tax return, but only when all the amounts in all of your Roth IRA accounts have been distributed to you and the total distributions are less than your unrecovered basis. Irs tax forms 1040x Your basis is the total amount of contributions in your Roth IRAs. Irs tax forms 1040x You claim the loss as a miscellaneous itemized deduction, subject to the 2%-of-adjusted-gross-income limit that applies to certain miscellaneous itemized deductions on Schedule A (Form 1040). Irs tax forms 1040x Any such losses are added back to taxable income for purposes of calculating the alternative minimum tax. Irs tax forms 1040x Distributions After Owner's Death If a Roth IRA owner dies, the minimum distribution rules that apply to traditional IRAs apply to Roth IRAs as though the Roth IRA owner died before his or her required beginning date. Irs tax forms 1040x See When Can You Withdraw or Use Assets? in chapter 1. Irs tax forms 1040x Distributions to beneficiaries. Irs tax forms 1040x   Generally, the entire interest in the Roth IRA must be distributed by the end of the fifth calendar year after the year of the owner's death unless the interest is payable to a designated beneficiary over the life or life expectancy of the designated beneficiary. Irs tax forms 1040x (See When Must You Withdraw Assets? (Required Minimum Distributions) in chapter 1. Irs tax forms 1040x )   If paid as an annuity, the entire interest must be payable over a period not greater than the designated beneficiary's life expectancy and distributions must begin before the end of the calendar year following the year of death. Irs tax forms 1040x Distributions from another Roth IRA cannot be substituted for these distributions unless the other Roth IRA was inherited from the same decedent. Irs tax forms 1040x   If the sole beneficiary is the spouse, he or she can either delay distributions until the decedent would have reached age 70½ or treat the Roth IRA as his or her own. Irs tax forms 1040x Combining with other Roth IRAs. Irs tax forms 1040x   A beneficiary can combine an inherited Roth IRA with another Roth IRA maintained by the beneficiary only if the beneficiary either: Inherited the other Roth IRA from the same decedent, or Was the spouse of the decedent and the sole beneficiary of the Roth IRA and elects to treat it as his or her own IRA. Irs tax forms 1040x Distributions that are not qualified distributions. Irs tax forms 1040x   If a distribution to a beneficiary is not a qualified distribution, it is generally includible in the beneficiary's gross income in the same manner as it would have been included in the owner's income had it been distributed to the IRA owner when he or she was alive. Irs tax forms 1040x   If the owner of a Roth IRA dies before the end of: The 5-year period beginning with the first taxable year for which a contribution was made to a Roth IRA set up for the owner's benefit, or The 5-year period starting with the year of a conversion contribution from a traditional IRA or a rollover from a qualified retirement plan to a Roth IRA, each type of contribution is divided among multiple beneficiaries according to the pro-rata share of each. Irs tax forms 1040x See Ordering Rules for Distributions , earlier in this chapter under Are Distributions Taxable. Irs tax forms 1040x Example. Irs tax forms 1040x When Ms. Irs tax forms 1040x Hibbard died in 2013, her Roth IRA contained regular contributions of $4,000, a conversion contribution of $10,000 that was made in 2009, and earnings of $2,000. Irs tax forms 1040x No distributions had been made from her IRA. Irs tax forms 1040x She had no basis in the conversion contribution in 2009. Irs tax forms 1040x When she established this Roth IRA (her first) in 2009, she named each of her four children as equal beneficiaries. Irs tax forms 1040x Each child will receive one-fourth of each type of contribution and one-fourth of the earnings. Irs tax forms 1040x An immediate distribution of $4,000 to each child will be treated as $1,000 from regular contributions, $2,500 from conversion contributions, and $500 from earnings. Irs tax forms 1040x In this case, because the distributions are made before the end of the applicable 5-year period for a qualified distribution, each beneficiary includes $500 in income for 2013. Irs tax forms 1040x The 10% additional tax on early distributions does not apply because the distribution was made to the beneficiaries as a result of the death of the IRA owner. Irs tax forms 1040x If distributions from an inherited Roth IRA are less than the required minimum distribution for the year, discussed in chapter 1 under When Must You Withdraw Assets? (Required Minimum Distributions), you may have to pay a 50% excise tax for that year on the amount not distributed as required. Irs tax forms 1040x For the tax on excess accumulations (insufficient distributions), see Excess Accumulations (Insufficient Distributions) under What Acts Result in Penalties or Additional Taxes? in chapter 1. Irs tax forms 1040x If this applies to you, substitute “Roth IRA” for “traditional IRA” in that discussion. Irs tax forms 1040x Prev  Up  Next   Home   More Online Publications
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On September 2, 2013, TIN Matching was re-engineered to upgrade equipment and software as well as to improve processing and increase capacity.  FAQ's           New! Talking Points


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Use the IRS online e-file Application to become an authorized e-file provider. Applications can be saved in progress and modifications to a firm's application can be made quickly and easily without restarting the process. You can also check the status of the application as the IRS makes updates to the suitability check. 

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Eligible tax professionals may use TDS to request and receive account transcripts, wage and income documents, tax return transcripts, and verification of non-filing letters. A new product (the Record of Account) combines both the Return Transcript and Account Transcript in one product. Tax Professionals can request the products for both individual and business taxpayers. Use the TDS application to resolve your clients' need for return and account information quickly, in a secure, online session. Tax professionals must have a Power of Attorney authorization on file with the IRS before accessing a client's account.          


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TIN Matching is a pre-filing service offered to payers and/or authorized agents who submit any of six information returns subject to backup withholding (Forms 1099-B, INT, DIV, OID, PATR, and MISC). With Interactive TIN Matching authorized payers can match up to 25 payee TIN and name combinations against IRS records prior to submitting an information return. Bulk TIN Matching allows payers and/or authorized agents filing any of the six information returns to match up to 100,000 TIN and name combinations. In order to participate in TIN Matching, payers must be listed in the IRS Payer Account File (PAF) database. If your firm has not filed information returns with the IRS in one of the past two tax years, the application will not be available to you at this time.


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Page Last Reviewed or Updated: 07-Mar-2014

The Irs Tax Forms 1040x

Irs tax forms 1040x 30. Irs tax forms 1040x   Cómo Calcular los Impuestos Table of Contents Introduction Cómo Calcular los Impuestos Impuesto Mínimo Alternativo (AMT) Impuestos Calculados por el IRS Cómo Presentar la Declaración Introduction Una vez que haya calculado los ingresos y deducciones según se explica en las Partes Uno a Cinco, calcule los impuestos. Irs tax forms 1040x Este capítulo trata sobre los temas siguientes: Los pasos a seguir para calcular los impuestos, Un impuesto adicional que podría verse obligado a pagar, el cual se denomina “impuesto mínimo alternativo” (AMT, por sus siglas en inglés) y Las condiciones que tiene que cumplir si desea que el IRS le calcule los impuestos. Irs tax forms 1040x Cómo Calcular los Impuestos El impuesto sobre los ingresos se basa en los ingresos tributables. Irs tax forms 1040x Después de haber calculado el impuesto sobre los ingresos y el impuesto mínimo alternativo, si lo hubiera, reste los créditos tributarios y sume cualquier otro impuesto adeudado. Irs tax forms 1040x El resultado es el total de los impuestos. Irs tax forms 1040x Compare el total de los impuestos con el total de los pagos que ha efectuado para saber si tiene derecho a un reembolso o si tiene que efectuar un pago. Irs tax forms 1040x Esta sección expone los puntos generales para calcular el impuesto. Irs tax forms 1040x Puede encontrar instrucciones detalladas en las Instrucciones de los Formularios 1040EZ, 1040A y 1040. Irs tax forms 1040x Si no está seguro de qué formulario tributario debe presentar, vea ¿Qué Formulario Debo Usar? , en el capítulo 1. Irs tax forms 1040x Impuestos. Irs tax forms 1040x   La mayor parte de los contribuyentes utiliza la Tabla de Impuestos o la Hoja de Trabajo para el Cálculo del Impuesto para calcular el impuesto sobre el ingreso. Irs tax forms 1040x No obstante, existen métodos especiales si los ingresos incluyen cualquiera de los siguientes puntos: Una ganancia neta de capital. Irs tax forms 1040x (Vea el capítulo 16). Irs tax forms 1040x Dividendos calificados gravados a la misma tasa que una ganancia neta de capital. Irs tax forms 1040x (Vea los capítulos 8 y 16). Irs tax forms 1040x Distribuciones de suma global. Irs tax forms 1040x (Vea el capítulo 10). Irs tax forms 1040x Ingresos procedentes de la agricultura o pesca. Irs tax forms 1040x (Vea el Anexo J del Formulario 1040, Income Averaging for Farmers and Fishermen (Cómo calcular el promedio de ingresos para los agricultores y pescadores), en inglés. Irs tax forms 1040x Ingresos de inversiones de más de $2,000 para determinados hijos. Irs tax forms 1040x (Vea el capítulo 31). Irs tax forms 1040x Elección del padre o de la madre de declarar los intereses y dividendos de un hijo. Irs tax forms 1040x (Vea el capítulo 31). Irs tax forms 1040x Exclusión de ingresos devengados en el extranjero o exclusión por concepto de vivienda en el extranjero. Irs tax forms 1040x (Vea el Formulario 2555, Foreign Earned Income (Ingresos devengados en el extranjero) o el Formulario 2555-EZ, Foreign Earned Income Exclusion (Exclusión de ingresos devengados en el extranjero) y el Foreign Earned Income Tax Worksheet (Hoja de trabajo para los impuestos sobre ingresos devengados en el extranjero) de las Instrucciones del Formulario 1040), todos en inglés. Irs tax forms 1040x Créditos. Irs tax forms 1040x   Luego de haber calculado el impuesto sobre los ingresos y todo impuesto mínimo alternativo (explicado más adelante), verifique si tiene derecho a algún crédito tributario. Irs tax forms 1040x Puede encontrar información para saber si tiene derecho a estos créditos tributarios en los capítulos 32 al 37 y en las instrucciones de los formularios de impuestos. Irs tax forms 1040x La tabla a continuación muestra los créditos que tal vez pueda restar del impuesto y le indica en dónde puede encontrar más información sobre cada crédito. Irs tax forms 1040x CRÉDITOS Para información sobre: Vea el   capítulo: Adopción 37 Vehículo motorizado alternativo 37 Propiedad para reabastecimiento de vehículos con combustible alternativo 37 Cuidado de menores y dependientes 32 Crédito tributario por hijos 34 Crédito para titulares de bonos de crédito tributario 37 Estudios 35 Ancianos o personas incapacitadas 33 Crédito por vehículos eléctricos 37 Impuestos del extranjero 37 Intereses hipotecarios 37 Impuesto mínimo de años anteriores 37 Energía residencial 37 Aportaciones a arreglos de ahorros para la jubilación 37   Hay algunos créditos (como el crédito por ingreso del trabajo) que no aparecen en la lista porque se consideran pagos. Irs tax forms 1040x Vea Pagos , más adelante. Irs tax forms 1040x   Existen otros créditos no abordados en esta publicación. Irs tax forms 1040x Éstos abarcan los siguientes créditos: Crédito general para negocios, el cual se compone de distintos créditos relacionados con los negocios. Irs tax forms 1040x Éstos suelen declararse en el Formulario 3800, General Business Credit (Crédito general para negocios) y se explican en el capítulo 4 de la Publicación 334, Tax Guide for Small Business (Guía tributaria para pequeños negocios), ambos en inglés. Irs tax forms 1040x Crédito por producción de electricidad renovable, carbón refinado y carbón de yacimientos en tierras pertenecientes a indios para electricidad y carbón refinado producidos en instalaciones puestas en funcionamiento después del 22 de octubre de 2004 (después del 2 de octubre de 2008, para la electricidad producida mediante la energía hidrocinética renovable y la energía marina renovable) y carbón de yacimientos en tierras pertenecientes a indios producido en instalaciones puestas en funcionamiento después del 8 de agosto de 2005. Irs tax forms 1040x Vea la Parte II del Formulario 8835, Renewable Electricity, Refined Coal, and Indian Coal Production Credit (Crédito por producción de electricidad renovable, carbón refinado y carbón de yacimientos en tierras pertenecientes a indios), en inglés. Irs tax forms 1040x Crédito de oportunidad laboral. Irs tax forms 1040x Vea el Formulario 5884, Work Opportunity Credit (Crédito de oportunidad laboral), en inglés. Irs tax forms 1040x Crédito por impuestos del Seguro Social y Medicare del empleador pagados sobre ciertas propinas del empleado. Irs tax forms 1040x Vea el Formulario 8846, Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips (Crédito por impuestos del Seguro Social y del Medicare pagados por el empleador sobre ciertas propinas del empleado), en inglés. Irs tax forms 1040x Otros impuestos. Irs tax forms 1040x   Después de haber restado los créditos tributarios, determine si tiene que pagar impuestos adicionales. Irs tax forms 1040x Este capítulo no explica dichos impuestos adicionales. Irs tax forms 1040x Esa información aparece en otros capítulos de esta publicación y en las instrucciones de los formularios. Irs tax forms 1040x Consulte la tabla siguiente para ver otros impuestos que tal vez necesite sumar al impuesto sobre los ingresos. Irs tax forms 1040x OTROS IMPUESTOS Para información sobre: Vea el   capítulo: Impuestos adicionales sobre planes de jubilación y arreglos IRA calificados 10, 17 Impuestos sobre el empleo de empleados domésticos 32 Recuperación de un crédito para estudios 35 Impuesto del Seguro Social y Medicare sobre el salario 5 Impuesto del Seguro Social y Medicare sobre las propinas 6 Impuestos no retenidos del Seguro Social y Medicare sobre propinas 6   Usted quizás podría verse obligado a pagar el impuesto mínimo alternativo (el cual se explica más adelante en este capítulo). Irs tax forms 1040x   Existen impuestos adicionales que no se explican en esta publicación. Irs tax forms 1040x Éstos abarcan lo siguiente: Impuesto sobre el trabajo por cuenta propia. Irs tax forms 1040x Tiene que calcular este impuesto si cualquiera de las dos condiciones siguientes le corresponde (o a su cónyuge, si usted presenta una declaración conjunta). Irs tax forms 1040x Tiene ganancias netas provenientes del trabajo por cuenta propia de $400 o más, salvo ingresos de un empleado de una iglesia. Irs tax forms 1040x El término “ganancias netas provenientes del trabajo por cuenta propia” puede incluir determinada remuneración que no recibió como empleado y otras cantidades detalladas en el Formulario 1099-MISC, Miscellaneous Income (Ingresos misceláneos), en inglés. Irs tax forms 1040x Si recibió el Formulario 1099-MISC, vea las Instructions for Recipient (Instrucciones para el destinatario), al dorso del mismo. Irs tax forms 1040x Asimismo, vea las instrucciones del Anexo SE del Formulario 1040, Self-Employment Tax (Impuesto sobre el trabajo por cuenta propia) y la Publicación 334, Tax Guide for Small Business (Guía tributaria para pequeños negocios), ambas en inglés. Irs tax forms 1040x Recibió ingresos de $108. Irs tax forms 1040x 28 o más como empleado de una iglesia. Irs tax forms 1040x Impuesto Adicional del Medicare. Irs tax forms 1040x Comenzando en el año 2013, usted quizás podría estar sujeto a un Impuesto Adicional del Medicare de 0. Irs tax forms 1040x 9%, que se le aplica a los salarios sujetos al impuesto Medicare, la remuneración recibida conforme a la Railroad Retirement Act (Ley de Jubilación Ferroviaria) y el ingreso sobre el trabajo por cuenta propia que esté sobre cierta cantidad según su estado civil para efectos de la declaración. Irs tax forms 1040x Si desea más información, vea las instrucciones para la línea 60 del Formulario 1040 y las Instrucciones para el Formulario 8959, ambas disponibles en inglés. Irs tax forms 1040x Impuesto sobre los ingresos netos de inversión (NIIT, por sus siglas en inglés). Irs tax forms 1040x Comenzando en el año 2013, usted quizás podría estar sujeto al impuesto sobre los ingresos netos de inversión (NIIT, por sus siglas en inglés). Irs tax forms 1040x El NIIT es un impuesto de 3. Irs tax forms 1040x 8% sobre la cantidad menor entre el ingreso neto de inversión o la cantidad en exceso de su ingreso bruto ajustado modificado sobre una cantidad límite. Irs tax forms 1040x Si desea más información, vea las instrucciones para la línea 60 del Formulario 1040 y las Instrucciones para el Formulario 8960, ambas disponibles en inglés. Irs tax forms 1040x Impuestos sobre recuperaciones. Irs tax forms 1040x Podría verse obligado a pagar estos impuestos si antes ha reclamado un crédito por inversiones, crédito de vivienda para personas de bajos recursos, crédito por mercados nuevos, crédito por vehículos enchufables con motor de dirección eléctrica que reúnen los requisitos, crédito por vehículo motorizado alternativo, crédito por instalaciones para proveer cuidado de niños provistas por el empleador, crédito por empleo de indios estadounidenses u otros créditos enumerados en las instrucciones para la línea 60 del Formulario 1040. Irs tax forms 1040x Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. Irs tax forms 1040x Impuesto sobre beneficios en exceso de la sección 72(m)(5). Irs tax forms 1040x Si usted es (o fue) propietario del 5% de un negocio y recibió una distribución superior a los beneficios que se le ofrecen conforme a la fórmula para planes de pensiones o de anualidades calificados, tal vez tenga que pagar este impuesto adicional. Irs tax forms 1040x Vea Tax on Excess Benefits (Impuesto sobre beneficios en exceso), en el capítulo 4 de la Publicación 560, Retirement Plans for Small Business (Planes de jubilación para pequeños negocios), en inglés. Irs tax forms 1040x Impuesto del Seguro Social y Medicare sobre el seguro de vida colectivo a término fijo que no fue recaudado. Irs tax forms 1040x Si su antiguo empleador proveyó más de $50,000 en cobertura de seguro de vida colectivo a término fijo, usted tiene que pagar la parte correspondiente al empleado de los impuestos del Seguro Social y Medicare sobre esas primas. Irs tax forms 1040x La cantidad debe aparecer en el recuadro 12 del Formulario W-2 con los códigos M y N. Irs tax forms 1040x Impuestos sobre pagos de contrato blindado. Irs tax forms 1040x Este impuesto le corresponde si recibió un “pago de contrato blindado en exceso” ( “excess parachute payment” o EPP, por sus siglas en inglés) debido a un cambio de propietario o administración de la empresa. Irs tax forms 1040x La cantidad de este impuesto debe estar indicada en el recuadro 12 del Formulario W-2 con el código K. Irs tax forms 1040x Vea las instrucciones para la línea 60 del Formulario 1040. Irs tax forms 1040x Impuestos sobre distribuciones acumuladas de fideicomisos. Irs tax forms 1040x Esto le corresponde si es el beneficiario de un fideicomiso que haya acumulado ingresos, en vez de haberlos distribuido a intervalos regulares. Irs tax forms 1040x Vea el Formulario 4970, Tax on Accumulation Distribution of Trusts (Impuestos sobre distribuciones acumuladas de fideicomisos), y sus instrucciones, en inglés. Irs tax forms 1040x Impuestos adicionales sobre las cuentas HSA o MSA. Irs tax forms 1040x Puede que tenga que pagar impuestos adicionales si las cantidades que se han aportado a su cuenta de ahorros para la salud (HSA, por sus siglas en inglés) o su cuenta de ahorros para gastos médicos (MSA, por sus siglas en inglés) o las cantidades que se han distribuido de éstas no cumplen los requisitos correspondientes a dichas cuentas. Irs tax forms 1040x Vea la Publicación 969, Health Savings Accounts and Other Tax-Favored Health Plans (Cuentas de ahorros para la salud y otros planes para la salud con beneficios tributarios); el Formulario 8853, Archer MSAs and Long-Term Care Insurance Contracts (Cuentas Archer MSA de ahorros médicos y contratos del seguro de cuidado a largo plazo); Formulario 8889, Health Savings Accounts (HSAs) (Cuentas de ahorros médicos (HSA, por sus siglas en inglés)) y el Formulario 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts (Impuestos adicionales sobre planes calificados (incluidos los arreglos IRA) y otras cuentas con beneficios tributarios), todos en inglés. Irs tax forms 1040x Impuestos adicionales en cuentas Coverdell ESA para estudios. Irs tax forms 1040x Esto es aplicable si las cantidades que se han aportado a su cuenta Coverdell ESA para estudios o que se han distribuido de la misma no satisfacen los requisitos correspondientes a dichas cuentas. Irs tax forms 1040x Vea la Publicación 970, Tax Benefits for Education (Prestaciones tributarias para estudios) y el Formulario 5329, ambos en inglés. Irs tax forms 1040x Impuestos adicionales sobre programas de matrícula calificada. Irs tax forms 1040x Esto corresponde a cantidades distribuidas de programas de matrícula calificada generales pero que no cumplan los requisitos de dichas cuentas. Irs tax forms 1040x Vea la Publicación 970 y el Formulario 5329, ambos en inglés. Irs tax forms 1040x Impuestos sobre artículos de uso y consumo gravados sobre remuneraciones de acciones internas de una empresa expatriada. Irs tax forms 1040x Tal vez adeude un impuesto sobre artículos de uso y consumo del 15% sobre el valor de opciones de acciones no estatutarias y sobre otra remuneración determinada procedente de las acciones, de las cuales usted o un miembro de su familia es dueño, que es de una empresa expatriada o su grupo ampliado de filiales en las que usted fue ejecutivo, directivo o propietario de más del 10%. Irs tax forms 1040x Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. Irs tax forms 1040x Impuestos adicionales sobre ingresos recibidos de un plan de remuneración diferida no calificado que no reúna determinados requisitos adicionales. Irs tax forms 1040x Estos ingresos tienen que aparecer en el recuadro 12 del Formulario W-2, con el código Z o en el recuadro 15b del Formulario 1099-MISC. Irs tax forms 1040x Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. Irs tax forms 1040x Intereses sobre los impuestos adeudados sobre ingresos de pagos a plazo procedentes de la venta de ciertos terrenos residenciales y multipropiedades. Irs tax forms 1040x Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. Irs tax forms 1040x Intereses sobre los impuestos diferidos sobre ganancias de ciertas ventas a plazos con precio de venta superior a $150,000. Irs tax forms 1040x Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. Irs tax forms 1040x Devolución del crédito tributario para comprador de primera vivienda. Irs tax forms 1040x Si desea más información, vea el Formulario 5405, Repayment of the First-Time Homebuyer Credit (Devolución del crédito tributario para comprador de primera vivienda) y sus instrucciones, disponibles en inglés. Irs tax forms 1040x Además, vea las instrucciones para la línea 59b del Formulario 1040, en inglés. Irs tax forms 1040x Pagos. Irs tax forms 1040x   Después de calcular el impuesto total, calcule el total de los pagos que ya haya efectuado para el año. Irs tax forms 1040x Incluya los créditos que se tratan como pagos. Irs tax forms 1040x Este capítulo no explica dichos pagos ni créditos. Irs tax forms 1040x Esa información aparece en otros capítulos de esta publicación y en las instrucciones de los formularios. Irs tax forms 1040x Vea la siguiente tabla para saber qué cantidades se pueden incluir en el total de sus pagos. Irs tax forms 1040x PAGOS Para información sobre: Vea el   capítulo: Crédito tributario por hijos (adicional) 34 Crédito por ingreso del trabajo 36 Impuestos estimados pagados 4 Impuestos de Seguro Social o impuestos de la jubilación ferroviaria retenidos en exceso 37 Retención del impuesto federal sobre los ingresos 4 Crédito tributario por cobertura del seguro médico 37 Crédito por sociedad inversionista reglamentada 37 Impuesto pagado a través de prórroga 1   Otro crédito que se considera un pago es el crédito por concepto del impuesto federal sobre artículos de uso y consumo pagado sobre combustibles. Irs tax forms 1040x Este crédito es para personas que hagan uso no tributable de determinados combustibles, tales como diésel y keroseno. Irs tax forms 1040x Se declara en la línea 70 del Formulario 1040. Irs tax forms 1040x Vea el Formulario 4136, Credit for Federal Tax Paid on Fuels (Crédito por impuestos federales pagados sobre combustibles), en inglés. Irs tax forms 1040x Reembolso o saldo adeudado. Irs tax forms 1040x   Para saber si tiene derecho a recibir un reembolso o si tiene que efectuar algún pago, compare el total de los pagos con el total del impuesto. Irs tax forms 1040x Si tiene derecho a un reembolso, vea las instrucciones del formulario que presentará para saber cómo puede depositar dicho reembolso directamente en una o más de sus cuentas o para comprar bonos de ahorros de los Estados Unidos en vez de recibir un cheque en papel. Irs tax forms 1040x Impuesto Mínimo Alternativo (AMT) Esta sección explica brevemente el impuesto adicional que podría verse obligado a pagar. Irs tax forms 1040x La ley tributaria les da un trato especial a determinados tipos de ingresos y permite deducciones y créditos especiales para algunos tipos de gastos. Irs tax forms 1040x Los contribuyentes que se vean beneficiados por este trato particular podrían estar obligados a pagar al menos una cantidad mínima de impuestos mediante otro impuesto adicional denominado “impuesto mínimo alternativo” (AMT, por sus siglas en inglés). Irs tax forms 1040x Tal vez tenga que pagar el impuesto mínimo alternativo si sus ingresos tributables para fines tributarios normales, sumados a determinados ajustes y elementos de preferencia tributaria, superan una determinada cantidad. Irs tax forms 1040x Vea el Formulario 6251, Alternative Minimum Tax — Individuals (Impuesto mínimo alternativo — personas físicas), en inglés. Irs tax forms 1040x Ajustes y elementos de preferencia tributaria. Irs tax forms 1040x   Los ajustes más comunes y elementos de preferencia tributaria abarcan los siguientes casos: Inclusión de exenciones personales, Inclusión de la deducción estándar (si ésta se reclamó), Inclusión de deducciones detalladas por concepto de impuestos estatales y locales, determinados intereses, la mayor parte de las deducciones misceláneas y parte de los gastos médicos, Exclusión de todo reembolso de impuestos estatales y locales que se haya incluido en los ingresos brutos, Cambios en la depreciación acelerada de determinados bienes, La diferencia entre ganancias y pérdidas sobre la venta de bienes declarada para fines tributarios normales y del impuesto mínimo alternativo, Inclusión de determinados ingresos procedentes de opciones de compra de acciones con incentivo, Cambio en ciertas deducciones por pérdidas de actividades pasivas, Inclusión de algún valor de agotamiento que sea superior a la base ajustada de los bienes, Inclusión de una parte de la deducción por ciertos gastos de perforación intangibles e Inclusión de intereses exentos de impuestos sobre determinados bonos de una actividad privada. Irs tax forms 1040x Información adicional. Irs tax forms 1040x   Para más información acerca del impuesto mínimo alternativo, vea las Instrucciones para el Formulario 6251, en inglés. Irs tax forms 1040x Impuestos Calculados por el IRS Si presenta la declaración para el 15 de abril de 2014, puede pedir que el IRS le calcule los impuestos en el Formulario 1040EZ, el Formulario 1040A o el Formulario 1040. Irs tax forms 1040x Si el IRS le calcula los impuestos y usted pagó demasiado, recibirá un reembolso. Irs tax forms 1040x Si no pagó lo suficiente, recibirá una factura que indique el saldo adeudado. Irs tax forms 1040x Para no tener que pagar intereses o una multa por pagos morosos, tiene que pagar la factura dentro de 30 días a partir de la fecha de la factura o para la fecha de vencimiento para la presentación de la declaración, la que ocurra más tarde. Irs tax forms 1040x El IRS también le calcula el crédito para ancianos o personas incapacitadas además del crédito por ingreso del trabajo. Irs tax forms 1040x Cuándo el IRS no puede calcularle los impuestos. Irs tax forms 1040x   El IRS no puede calcularle los impuestos si se da alguna de las siguientes condiciones: Desea que el reembolso se deposite directamente en sus cuentas. Irs tax forms 1040x Desea que alguna parte del reembolso se aplique al impuesto estimado de 2014. Irs tax forms 1040x Recibió ingresos para el año de fuentes que no sean salarios, sueldos, propinas, intereses, dividendos, beneficios de Seguro Social sujetos a impuestos, compensación por desempleo, distribuciones de un arreglo IRA, pensiones y anualidades. Irs tax forms 1040x Su ingreso tributable es $100,000 o más. Irs tax forms 1040x Detalla las deducciones. Irs tax forms 1040x Presenta cualquiera de los siguientes formularios: Formulario 2555, Foreign Earned Income (Ingresos devengados en el extranjero), en inglés. Irs tax forms 1040x Formulario 2555-EZ, Foreign Earned Income Exclusion (Exclusión de ingresos devengados en el extranjero), en inglés. Irs tax forms 1040x Formulario 4137, Social Security and Medicare Tax on Unreported Tip Income (Impuestos del Seguro Social y Medicare sobre el ingreso de propinas no declaradas), en inglés. Irs tax forms 1040x Formulario 4970, Tax on Accumulation Distribution of Trusts (Impuesto sobre distribuciones acumuladas de un fideicomiso), en inglés. Irs tax forms 1040x Formulario 4972, Tax on Lump-Sum Distributions (Impuesto sobre distribuciones de sumas globales), en inglés. Irs tax forms 1040x Formulario 6198, At-Risk Limitations (Límites sobre el monto en riesgo), en inglés. Irs tax forms 1040x Formulario 6251, Alternative Minimum Tax—Individuals (Impuesto mínimo alternativo—personas físicas), en inglés. Irs tax forms 1040x Formulario 8606, Nondeductible IRAs (Arreglos IRA no deducibles), en inglés. Irs tax forms 1040x Formulario 8615, Tax for Certain Children Who Have Unearned Income (Impuesto para determinados hijos con ingresos no derivados del trabajo), en inglés. Irs tax forms 1040x Formulario 8814, Parents' Election To Report Child's Interest and Dividends (Decisión de los padres de declarar los intereses y dividendos del hijo), en inglés. Irs tax forms 1040x Formulario 8839, Qualified Adoption Expenses (Gastos de adopción calificados), en inglés. Irs tax forms 1040x Formulario 8853, Archer MSAs and Long-Term Care Insurance Contracts (Planes de ahorros para gastos médicos Archer y contratos de seguro para cuidados a largo plazo), en inglés. Irs tax forms 1040x Formulario 8889, Health Savings Accounts (HSAs) (Cuentas de ahorro para gastos médicos (HSA)), en inglés. Irs tax forms 1040x Formulario 8919, Uncollected Social Security and Medicare Tax on Wages (Impuestos sobre salarios sujetos al Seguro Social y al Medicare no recaudados), en inglés. Irs tax forms 1040x Cómo Presentar la Declaración Después de haber completado las líneas del formulario de impuestos que va a presentar, escriba su nombre y dirección. Irs tax forms 1040x En el espacio provisto, anote su número de Seguro Social. Irs tax forms 1040x Si es casado, escriba los números de Seguro Social de usted y su cónyuge aun si presenta una declaración por separado. Irs tax forms 1040x Firme y feche la declaración y escriba su(s) oficio(s). Irs tax forms 1040x Si presenta una declaración conjunta, usted y su cónyuge tienen que firmarla. Irs tax forms 1040x En el espacio provisto, anote un número telefónico con su código de área donde ubicarlo durante el día. Irs tax forms 1040x Esto agilizará la tramitación de su declaración si el IRS tiene una pregunta que puede ser resuelta por teléfono. Irs tax forms 1040x Si presenta una declaración conjunta de impuestos, anote el número de teléfono donde usted o su cónyuge pueden ser localizados durante el día. Irs tax forms 1040x Si desea autorizar al IRS para que hable sobre su declaración de impuestos del año 2013 con su amigo, con un miembro de su familia o con cualquier persona que usted elija, marque el recuadro “ Yes ” (Sí) en el área titulada “ Third Party Designee ” (Designación de un tercero) de su declaración de impuestos. Irs tax forms 1040x También, escriba el nombre del designado, número de teléfono y cualesquier 5 dígitos que el designado elija como su número de identificación personal (PIN, por sus siglas en inglés). Irs tax forms 1040x Si marca el recuadro “ Yes ” (Sí), usted y su cónyuge, si presentan una declaración conjunta, autoriza(n) a los empleados del IRS a llamar al designado para que éste conteste toda pregunta que surja durante el trámite de su declaración de impuestos. Irs tax forms 1040x Complete y adjunte a su declaración en papel cualesquier anexo y formulario solicitado en las líneas que usted completó. Irs tax forms 1040x Adjunte una copia de cada uno de los Formularios W-2 a la declaración en papel. Irs tax forms 1040x Además, adjunte a su declaración en papel todo Formulario 1099-R recibido que indique retención de impuestos en el recuadro 4. Irs tax forms 1040x Envíe la declaración al Internal Revenue Service Center (Centro de Servicio del IRS) que corresponda al área donde vive. Irs tax forms 1040x Una lista de direcciones de Centros de Servicio se halla al final de la publicación y en las instrucciones de su declaración de impuestos. Irs tax forms 1040x Datos a Incluir en el Formulario 1040EZ Lea las líneas 1 a 8b y llene las líneas que le correspondan. Irs tax forms 1040x No llene las líneas 9 a 12. Irs tax forms 1040x Si presenta una declaración conjunta, utilice el espacio a la izquierda de la línea 6 para indicar por separado los ingresos tributables suyos y los de su cónyuge. Irs tax forms 1040x Pagos. Irs tax forms 1040x   Anote en la línea 7 todo impuesto federal sobre los ingresos que se le haya retenido. Irs tax forms 1040x El impuesto federal sobre los ingresos retenido aparece en el recuadro 2 del Formulario W-2 o en el recuadro 4 del Formulario 1099. Irs tax forms 1040x Crédito por ingreso del trabajo. Irs tax forms 1040x   Si puede reclamar este crédito, según se explica en el capítulo 36 , el IRS se lo puede calcular. Irs tax forms 1040x Escriba “EIC” en el espacio a la izquierda de la línea 8a. Irs tax forms 1040x Anote en la línea 8b la paga no tributable por combate que desee incluir en los ingresos derivados del trabajo. Irs tax forms 1040x   Si su crédito de cualquier año posterior a 1996 fue reducido o denegado por el IRS, quizás tenga que presentar junto con la declaración el Formulario 8862(SP), Información Para Reclamar el Crédito Por Ingreso del Trabajo Después de Haber Sido Denegado (o el Formulario 8862, Information To Claim Earned Income Credit After Disallowance, en inglés). Irs tax forms 1040x Para detalles adicionales, vea las Instrucciones para el Formulario 1040EZ, en inglés. Irs tax forms 1040x Datos a Incluir en el Formulario 1040A Lea las líneas 1 a 27 y llene las líneas que le correspondan. Irs tax forms 1040x Si presenta una declaración conjunta, utilice el espacio a la izquierda de la línea 27 para indicar por separado los ingresos tributables suyos y los de su cónyuge. Irs tax forms 1040x No llene la línea 28. Irs tax forms 1040x Llene las líneas 29 a 33 y 36 a 40 si le corresponden. Irs tax forms 1040x Sin embargo, no llene las líneas 30 ni 38a si desea que el IRS le calcule los créditos indicados en dichas líneas. Irs tax forms 1040x Además, escriba toda información adicional que le corresponda en el espacio a la izquierda de la línea 41. Irs tax forms 1040x No llene las líneas 34, 35 ni 42 a la 46. Irs tax forms 1040x Pagos. Irs tax forms 1040x   Anote todo impuesto federal retenido sobre los ingresos que se indique en el recuadro 2 del Formulario W-2 o en el recuadro 4 del Formulario 1099, en la línea 36. Irs tax forms 1040x Anote en la línea 37 todo pago de impuesto estimado que haya efectuado. Irs tax forms 1040x Crédito por gastos del cuidado de menores y dependientes. Irs tax forms 1040x   Si puede reclamar este crédito, según se explica en el capítulo 32 , complete el Formulario 2441, Child and Dependent Care Expenses (Gastos del cuidado de menores y dependientes), en inglés, y adjúntelo a su declaración. Irs tax forms 1040x Anote la cantidad del crédito en la línea 29. Irs tax forms 1040x El IRS no le calculará este crédito. Irs tax forms 1040x Crédito para ancianos o personas incapacitadas. Irs tax forms 1040x   Si puede reclamar este crédito, según se explica en el capítulo 33 , el IRS le calculará este crédito. Irs tax forms 1040x Escriba “ CFE ” en el espacio a la izquierda de la línea 30 y adjunte el Anexo R del Formulario 1040, Credit for the Elderly or the Disabled (Crédito para ancianos o personas incapacitadas), en inglés, a su declaración de impuestos en papel. Irs tax forms 1040x En el Anexo R, marque el recuadro de la Parte I correspondiente a su estado civil para efectos de la declaración y edad. Irs tax forms 1040x Complete la Parte II y las líneas 11 y 13 de la Parte III, si le corresponden. Irs tax forms 1040x Crédito por ingreso del trabajo. Irs tax forms 1040x   Si puede reclamar este crédito, según se explica en el capítulo 36 , el IRS se lo calculará. Irs tax forms 1040x Anote “EIC” a la izquierda del espacio de la línea 38a. Irs tax forms 1040x Anote en la línea 38b la paga no tributable por combate que desee incluir en los ingresos derivados del trabajo. Irs tax forms 1040x   Si tiene un hijo que le da derecho a este crédito, tiene que llenar el Anexo EIC (Formulario 1040 ó 1040A), Earned Income Credit (Crédito por ingreso del trabajo), en inglés, y adjuntarlo a su declaración en papel. Irs tax forms 1040x Si no provee el número de Seguro Social de su hijo en la línea 2 del Anexo EIC, el crédito será reducido o denegado a menos que el hijo haya nacido y fallecido en el año 2013. Irs tax forms 1040x   Si su crédito de cualquier año posterior a 1996 fue reducido o denegado por el IRS, tal vez tenga que presentar junto con la declaración el Formulario 8862(SP) (o el Formulario 8862, en inglés). Irs tax forms 1040x Para detalles adicionales, vea las Instrucciones para el Formulario 1040A. Irs tax forms 1040x Datos a Incluir en el Formulario 1040 Lea las líneas 1 a 43 y llene las líneas que le correspondan. Irs tax forms 1040x No llene la línea 44. Irs tax forms 1040x Si presenta una declaración conjunta, utilice el espacio bajo las palabras “ Adjusted Gross Income ” (Ingresos brutos ajustados), en la primera página de la declaración para indicar por separado los ingresos tributables suyos y los de su cónyuge. Irs tax forms 1040x Lea las líneas 45 a la 71. Irs tax forms 1040x Llene las líneas que le correspondan, pero no llene las líneas 54, 61 ni 72. Irs tax forms 1040x Además, no complete la línea 55 ni las líneas 73 a 77. Irs tax forms 1040x No llene el recuadro “ c ” de la línea 53 si completa el Anexo R del Formulario 1040A o 1040, ni la línea 64a si desea que el IRS le calcule los créditos indicados en dichas líneas. Irs tax forms 1040x Pagos. Irs tax forms 1040x   Anote todo impuesto federal retenido sobre los ingresos que se indique en el recuadro 2 del Formulario W-2 o en el recuadro 4 del Formulario 1099, en la línea 62. Irs tax forms 1040x Anote en la línea 63 todo pago de impuesto estimado que haya efectuado. Irs tax forms 1040x Crédito por gastos del cuidado de menores y dependientes. Irs tax forms 1040x   Si puede reclamar este crédito, según se explica en el capítulo 32 , complete el Formulario 2441, en inglés, y adjúntelo a su declaración en papel. Irs tax forms 1040x Anote la cantidad del crédito en la línea 48. Irs tax forms 1040x El IRS no le calculará este crédito. Irs tax forms 1040x Crédito para ancianos o personas incapacitadas. Irs tax forms 1040x   Si puede reclamar este crédito, según se explica en el capítulo 33 , el IRS puede calcularle este crédito. Irs tax forms 1040x Escriba “CFE” al lado de la línea 53 y marque el recuadro “ c ” y adjunte el Anexo R del Formulario 1040A o 1040 a su declaración en papel. Irs tax forms 1040x En el Anexo R del Formulario 1040A o 1040, marque el recuadro de la Parte I correspondiente a su estado civil para efectos de la declaración y edad. Irs tax forms 1040x Complete la Parte II y las líneas 11 y 13 de la Parte III, si le corresponden. Irs tax forms 1040x Crédito por ingreso del trabajo. Irs tax forms 1040x   Si puede reclamar este crédito, según se explica en el capítulo 36 , el IRS se lo calculará. Irs tax forms 1040x Anote “EIC” en la línea de puntos al lado de la línea 64a del Formulario 1040. Irs tax forms 1040x Anote en la línea 64b la paga no tributable por combate que desee incluir en los ingresos derivados del trabajo. Irs tax forms 1040x   Si tiene un hijo que le dé derecho a este crédito, tiene que llenar el Anexo EIC, Earned Income Credit (Crédito por ingreso del trabajo), en inglés, y adjuntarlo a su declaración en papel. Irs tax forms 1040x Si no provee el número de Seguro Social de su hijo en la línea 2 del Anexo EIC (Formulario 1040 ó 1040A), el crédito será reducido o denegado a menos que su hijo haya nacido y fallecido en el año 2013. Irs tax forms 1040x   Si su crédito de cualquier año posterior a 1996 fue reducido o denegado por el IRS, tal vez tenga que presentar junto con la declaración el Formulario 8862(SP), (o el Formulario 8862, en inglés). Irs tax forms 1040x Para detalles adicionales, vea las Instrucciones para el Formulario 1040, en inglés. Irs tax forms 1040x Prev  Up  Next   Home   More Online Publications