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Printable 1040ez Form 2011

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Printable 1040ez Form 2011

Printable 1040ez form 2011 Publication 509 - Main Content Table of Contents General Tax CalendarFirst Quarter Second Quarter Third Quarter Fourth Quarter Fiscal-Year Taxpayers Employer's Tax CalendarFirst Quarter Second Quarter Third Quarter Fourth Quarter Excise Tax CalendarFirst Quarter Second Quarter Third Quarter Fourth Quarter How To Get Tax Help General Tax Calendar This tax calendar has the due dates for 2014 that most taxpayers will need. Printable 1040ez form 2011 Employers and persons who pay excise taxes also should use the Employer's Tax Calendar and the Excise Tax Calendar . Printable 1040ez form 2011 Fiscal-year taxpayers. Printable 1040ez form 2011   If you file your income tax return for a fiscal year rather than the calendar year, you must change some of the dates in this calendar. Printable 1040ez form 2011 These changes are described under Fiscal-Year Taxpayers at the end of this calendar. Printable 1040ez form 2011 First Quarter The first quarter of a calendar year is made up of January, February, and March. Printable 1040ez form 2011 Second Quarter The second quarter of a calendar year is made up of April, May, and June. Printable 1040ez form 2011 Third Quarter The third quarter of a calendar year is made up of July, August, and September. Printable 1040ez form 2011 Fourth Quarter The fourth quarter of a calendar year is made up of October, November, and December. Printable 1040ez form 2011 Fiscal-Year Taxpayers If you use a fiscal year (rather than the calendar year) as your tax year, you should change some of the dates in this calendar. Printable 1040ez form 2011 Use the following general guidelines to make these changes. Printable 1040ez form 2011 The 3 months that make up each quarter of a fiscal year may be different from those of each calendar quarter, depending on when the fiscal year begins. Printable 1040ez form 2011 Also see Saturday, Sunday, or legal holiday, earlier. Printable 1040ez form 2011 Individuals Form 1040. Printable 1040ez form 2011    This form is due on the 15th day of the 4th month after the end of your tax year. Printable 1040ez form 2011 Form 4868 is used to request an extension of time to file Form 1040. Printable 1040ez form 2011 Estimated tax payments (Form 1040-ES). Printable 1040ez form 2011   Payments are due on the 15th day of the 4th, 6th, and 9th months of your tax year and on the 15th day of the 1st month after your tax year ends. Printable 1040ez form 2011 Partnerships Form 1065. Printable 1040ez form 2011   This form is due on the 15th day of the 4th month after the end of the partnership's tax year. Printable 1040ez form 2011 Provide each partner with a copy of Schedule K-1 (Form 1065) or a substitute Schedule K-1. Printable 1040ez form 2011 Form 1065-B (electing large partnerships). Printable 1040ez form 2011   This form is due on the 15th day of the 4th month after the end of the partnership's tax year. Printable 1040ez form 2011 Provide each partner with a copy of Schedule K-1 (Form 1065-B) or a substitute Schedule K-1 by the first March 15 following the close of the partnership's tax year. Printable 1040ez form 2011 Corporations and S Corporations Form 1120 and Form 1120S (or Form 7004). Printable 1040ez form 2011   These forms are due on the 15th day of the 3rd month after the end of the corporation's tax year. Printable 1040ez form 2011 S corporations must provide each shareholder with a copy of Schedule K-1 (Form 1120S) or a substitute Schedule K-1. Printable 1040ez form 2011 Form 7004 is used to request an extension of time to file Form 1120 or Form 1120S. Printable 1040ez form 2011 Estimated tax payments. Printable 1040ez form 2011   Payments are due on the 15th day of the 4th, 6th, 9th, and 12th months of the corporation's tax year. Printable 1040ez form 2011 Form 2553. Printable 1040ez form 2011   This form is used to choose S corporation treatment. Printable 1040ez form 2011 It is due no more than two months and 15 days after the beginning of the tax year the election is to take effect or at any time during the preceding tax year. Printable 1040ez form 2011 Employer's Tax Calendar This tax calendar covers various due dates of interest to employers. Printable 1040ez form 2011 Principally, it covers the following federal taxes. Printable 1040ez form 2011 Income tax you withhold from your employees' wages or from nonpayroll amounts you pay out. Printable 1040ez form 2011 Social security and Medicare taxes (FICA taxes) you withhold from your employees' wages and the social security and Medicare taxes you must pay as an employer. Printable 1040ez form 2011 Federal unemployment (FUTA) tax you must pay as an employer. Printable 1040ez form 2011 The calendar lists due dates for filing returns and for making deposits of these three taxes throughout the year. Printable 1040ez form 2011 Use this calendar with Publication 15 (Circular E), which gives the deposit rules. Printable 1040ez form 2011 Forms you may need. Printable 1040ez form 2011   The following is a list and description of the primary employment tax forms you may need. Printable 1040ez form 2011 Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return. Printable 1040ez form 2011 This form is due the last day of the first calendar month after the calendar year ends. Printable 1040ez form 2011 Use it to report the FUTA tax on wages you paid. Printable 1040ez form 2011 Form 941, Employer's QUARTERLY Federal Tax Return. Printable 1040ez form 2011 This form is due the last day of the first calendar month after the calendar quarter ends. Printable 1040ez form 2011 Use it to report social security and Medicare taxes and withheld income taxes on wages if your employees are not farm workers or household employees. Printable 1040ez form 2011 Form 943, Employer's Annual Federal Tax Return for Agricultural Employees. Printable 1040ez form 2011 This form is due the last day of the first calendar month after the calendar year ends. Printable 1040ez form 2011 Use it to report social security and Medicare taxes and withheld income taxes on wages if your employees are farm workers. Printable 1040ez form 2011 Form 944, Employer's ANNUAL Federal Tax Return. Printable 1040ez form 2011 This form is due the last day of the first calendar month after the calendar year ends. Printable 1040ez form 2011 Certain small employers use it instead of Form 941 to report social security and Medicare taxes and withheld income tax. Printable 1040ez form 2011 Form 945, Annual Return of Withheld Federal Income Tax. Printable 1040ez form 2011 This form is due the last day of the first calendar month after the calendar year ends. Printable 1040ez form 2011 Use it to report income tax withheld on all nonpayroll items. Printable 1040ez form 2011 Nonpayroll items include the following. Printable 1040ez form 2011 Backup withholding. Printable 1040ez form 2011 Withholding on pensions, annuities, IRAs, and gambling winnings. Printable 1040ez form 2011 Payments of Indian gaming profits to tribal members. Printable 1040ez form 2011 Fiscal-year taxpayers. Printable 1040ez form 2011   The dates in this calendar apply whether you use a fiscal year or the calendar year as your tax year. Printable 1040ez form 2011 The only exception is the date for filing Forms 5500, Annual Return/Report of Employee Benefit Plan, and 5500-EZ, Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan. Printable 1040ez form 2011 These employee benefit plan forms are due by the last day of the seventh month after the plan year ends. Printable 1040ez form 2011 See July 31 , later. Printable 1040ez form 2011 Extended due dates. Printable 1040ez form 2011   If you timely deposit in full the tax you are required to report on Form 940, 941, 943, 944, or 945, you have an additional 10 calendar days to file that form. Printable 1040ez form 2011 If you are subject to the semiweekly deposit rule, use Table 2 near the end of this publication for your deposit due dates. Printable 1040ez form 2011 However, if you accumulate $100,000 or more of taxes on any day during a deposit period, you must deposit the tax by the next business day instead of the date shown in Table 2. Printable 1040ez form 2011 First Quarter The first quarter of a calendar year is made up of January, February, and March. Printable 1040ez form 2011 Second Quarter The second quarter of a calendar year is made up of April, May, and June. Printable 1040ez form 2011 Third Quarter The third quarter of a calendar year is made up of July, August, and September. Printable 1040ez form 2011 Fourth Quarter The fourth quarter of a calendar year is made up of October, November, and December. Printable 1040ez form 2011 Excise Tax Calendar This tax calendar gives the due dates for filing returns and making deposits of excise taxes. Printable 1040ez form 2011 Use this calendar with Publication 510. Printable 1040ez form 2011 Also see the instructions for Forms 11-C, 720, 730, and 2290 for more information. Printable 1040ez form 2011 References to Form 2290 also apply to Form 2290(SP). Printable 1040ez form 2011 Forms you may need. Printable 1040ez form 2011   The following is a list and description of the excise tax forms you may need. Printable 1040ez form 2011 Form 11-C, Occupational Tax and Registration Return for Wagering. Printable 1040ez form 2011 Use this form to register any wagering activity and to pay an occupational tax on wagering. Printable 1040ez form 2011 File Form 11-C if you are in the business of accepting wagers, including conducting a wagering pool or lottery, or are an agent of someone who accepts wagers. Printable 1040ez form 2011 You must file the form before you begin accepting wagers. Printable 1040ez form 2011 After that, file the form by July 1 of each year. Printable 1040ez form 2011 Also, see Form 730, later. Printable 1040ez form 2011 Form 720, Quarterly Federal Excise Tax Return. Printable 1040ez form 2011 File this form by the last day of the month following the calendar quarter. Printable 1040ez form 2011 Use this form to report a wide variety of excise taxes, including: Communications and air transportation taxes, Fuel taxes, Retail tax, Ship passenger tax, and Manufacturers taxes. Printable 1040ez form 2011 Form 730, Monthly Tax Return for Wagers. Printable 1040ez form 2011 Use this form to pay an excise tax on wagers you accept. Printable 1040ez form 2011 File this form for each month by the last day of the following month. Printable 1040ez form 2011 Also, see Form 11-C, earlier. Printable 1040ez form 2011 Form 2290, Heavy Highway Vehicle Use Tax Return. Printable 1040ez form 2011 Use this form to pay the federal use tax on heavy highway vehicles registered in your name. Printable 1040ez form 2011 File this form by the last day of the month following the month of the vehicle's first taxable use in the tax period. Printable 1040ez form 2011 The tax period begins on July 1 and ends the following June 30. Printable 1040ez form 2011 You must pay the full year's tax on all vehicles you have in use during the month of July. Printable 1040ez form 2011 You must also pay a partial-year tax on taxable vehicles that you put into use in a month after July. Printable 1040ez form 2011 For more information, see the Instructions for Form 2290. Printable 1040ez form 2011 Fiscal-year taxpayers. Printable 1040ez form 2011   The dates in this calendar apply whether you use a fiscal year or the calendar year as your tax year. Printable 1040ez form 2011 Adjustments for Saturday, Sunday, or legal holidays. Printable 1040ez form 2011   Generally, if a due date falls on a Saturday, Sunday, or legal holiday, the due date is delayed until the next day that is not a Saturday, Sunday, or legal holiday. Printable 1040ez form 2011 For excise taxes, there are two exceptions to this rule. Printable 1040ez form 2011 For deposits of regular method taxes, if the due date is a Saturday, Sunday, or legal holiday, the due date is the immediately preceding day that is not a Saturday, Sunday, or legal holiday. Printable 1040ez form 2011 Under the special September deposit rules, if the due date falls on a Saturday, the deposit is due on the preceding Friday. Printable 1040ez form 2011 If the due date falls on a Sunday, the deposit is due on the following Monday. Printable 1040ez form 2011 For more information, see the Instructions for Form 720. Printable 1040ez form 2011 The Excise Tax Calendar has been adjusted for all of these provisions. Printable 1040ez form 2011 Regular method taxes. Printable 1040ez form 2011   These are taxes, other than alternative method taxes used for communication and air transportation taxes, reported on Form 720 for which deposits are required. Printable 1040ez form 2011 First Quarter The first quarter of a calendar year is made up of January, February, and March. Printable 1040ez form 2011 Second Quarter The second quarter of a calendar year is made up of April, May, and June. Printable 1040ez form 2011 Third Quarter The third quarter of a calendar year is made up of July, August, and September. Printable 1040ez form 2011 Fourth Quarter The fourth quarter of a calendar year is made up of October, November, and December. Printable 1040ez form 2011 How To Get Tax Help Go online, use a smart phone, call or walk in to an office near you. Printable 1040ez form 2011 Whether it's help with a tax issue, preparing your tax return or picking up a free publication or form, get the help you need the way you want it. Printable 1040ez form 2011 Free help with your tax return. Printable 1040ez form 2011   Free help in preparing your return is available nationwide from IRS-certified volunteers. Printable 1040ez form 2011 The Volunteer Income Tax Assistance (VITA) program is designed to help low-to-moderate income, elderly, persons with disabilities, and limited English proficient taxpayers. Printable 1040ez form 2011 The Tax Counseling for the Elderly (TCE) program is designed to assist taxpayers age 60 and older with their tax returns. Printable 1040ez form 2011 Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Printable 1040ez form 2011 Some VITA and TCE sites provide taxpayers the opportunity to prepare their return with the assistance of an IRS-certified volunteer. Printable 1040ez form 2011 To find the nearest VITA or TCE site, visit IRS. Printable 1040ez form 2011 gov or call 1-800-906-9887. Printable 1040ez form 2011   As part of the TCE program, AARP offers the Tax-Aide counseling program. Printable 1040ez form 2011 To find the nearest AARP Tax-Aide site, visit AARP's website at www. Printable 1040ez form 2011 aarp. Printable 1040ez form 2011 org/money/taxaide or call 1-888-227-7669. Printable 1040ez form 2011   For more information on these programs, go to IRS. Printable 1040ez form 2011 gov and enter “VITA” in the search box. Printable 1040ez form 2011 Internet. Printable 1040ez form 2011 IRS. Printable 1040ez form 2011 gov and IRS2Go are ready when you are — every day, every night, 24 hours a day, 7 days a week. Printable 1040ez form 2011 Apply for an Employer Identification Number (EIN). Printable 1040ez form 2011 Go to IRS. Printable 1040ez form 2011 gov and enter Apply for an EIN in the search box. Printable 1040ez form 2011 Request an Electronic Filing PIN by going to IRS. Printable 1040ez form 2011 gov and entering Electronic Filing PIN in the search box. Printable 1040ez form 2011 Check the status of your 2013 refund with Where's My Refund? Go to IRS. Printable 1040ez form 2011 gov or the IRS2Go app, and click on Where's My Refund? You'll get a personalized refund date as soon as the IRS processes your tax return and approves your refund. Printable 1040ez form 2011 If you e-file, your refund status is usually available within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. Printable 1040ez form 2011 Checking the status of your amended return. Printable 1040ez form 2011 Go to IRS. Printable 1040ez form 2011 gov and enter Where's My Amended Return in the search box. Printable 1040ez form 2011 Download forms, instructions, and publications, including some accessible versions. Printable 1040ez form 2011 Order free transcripts of your tax returns or tax account using the Order a Transcript tool on IRS. Printable 1040ez form 2011 gov or IRS2Go. Printable 1040ez form 2011 Tax return and tax account transcripts are generally available for the current year and past three years. Printable 1040ez form 2011 Figure your income tax withholding with the IRS Withholding Calculator on IRS. Printable 1040ez form 2011 gov. Printable 1040ez form 2011 Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. Printable 1040ez form 2011 Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. Printable 1040ez form 2011 gov. Printable 1040ez form 2011 Locate the nearest Taxpayer Assistance Center using the Office Locator tool on IRS. Printable 1040ez form 2011 gov or IRS2Go. Printable 1040ez form 2011 Stop by most business days for face-to-face tax help, no appointment necessary — just walk in. Printable 1040ez form 2011 An employee can explain IRS letters, request adjustments to your tax account or help you set up a payment plan. Printable 1040ez form 2011 Before you visit, check the Office Locator for the address, phone number, hours of operation and the services provided. Printable 1040ez form 2011 If you have an ongoing tax account problem or a special need, such as a disability, you can request an appointment. Printable 1040ez form 2011 Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. Printable 1040ez form 2011 Locate the nearest volunteer help site with the VITA Locator Tool on IRS. Printable 1040ez form 2011 gov. Printable 1040ez form 2011 Low-to-moderate income, elderly, persons with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. Printable 1040ez form 2011 The Tax Counseling for the Elderly (TCE) program helps taxpayers 60 and older with their tax returns. Printable 1040ez form 2011 Most VITA and TCE sites offer free electronic filing and some provide IRS-certified volunteers who can help prepare your tax return. Printable 1040ez form 2011 AARP offers the Tax-Aide counseling program as part of the TCE program. Printable 1040ez form 2011 Visit AARP's website to find the nearest Tax-Aide location. Printable 1040ez form 2011 Research your tax questions. Printable 1040ez form 2011 Search publications and instructions by topic or keyword. Printable 1040ez form 2011 Read the Internal Revenue Code, regulations, or other official guidance. Printable 1040ez form 2011 Read Internal Revenue Bulletins. Printable 1040ez form 2011 Sign up to receive local and national tax news by email. Printable 1040ez form 2011 Phone. Printable 1040ez form 2011 You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. Printable 1040ez form 2011 Download the free IRS2Go mobile app from the iTunes app store or from Google Play. Printable 1040ez form 2011 Use it to watch the IRS YouTube channel, get IRS news as soon as it's released to the public, order transcripts of your tax returns or tax account, check your refund status, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. Printable 1040ez form 2011 Call to locate the nearest volunteer help site, 1-800-906-9887. Printable 1040ez form 2011 Low-to-moderate income, elderly, persons with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. Printable 1040ez form 2011 The Tax Counseling for the Elderly (TCE) program helps taxpayers 60 and older with their tax returns. Printable 1040ez form 2011 Most VITA and TCE sites offer free electronic filing. Printable 1040ez form 2011 Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. Printable 1040ez form 2011 Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. Printable 1040ez form 2011 Call to check the status of your 2013 refund, 1-800-829-1954 or 1-800-829-4477. Printable 1040ez form 2011 The automated Where's My Refund? information is available 24 hours a day, 7 days a week. Printable 1040ez form 2011 If you e-file, your refund status is usually available within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. Printable 1040ez form 2011 Before you call, have your 2013 tax return handy so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Printable 1040ez form 2011 Where's My Refund? can give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. Printable 1040ez form 2011 Where's My Refund? includes information for the most recent return filed in the current year and does not include information about amended returns. Printable 1040ez form 2011 Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. Printable 1040ez form 2011 Call to order forms, instructions and publications, 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions and publications, and prior-year forms and instructions (limited to 5 years). Printable 1040ez form 2011 You should receive your order within 10 business days. Printable 1040ez form 2011 Call to order transcripts of your tax returns or tax account, 1-800-908-9946. Printable 1040ez form 2011 Follow the prompts to provide your Social Security Number or Individual Taxpayer Identification Number, date of birth, street address and ZIP code. Printable 1040ez form 2011 Call for TeleTax topics, 1-800-829-4477, to listen to pre-recorded messages covering various tax topics. Printable 1040ez form 2011 Call to ask tax questions, 1-800-829-1040. Printable 1040ez form 2011 Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. Printable 1040ez form 2011 The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. Printable 1040ez form 2011 These individuals can also contact the IRS through relay services such as the Federal Relay Service available at www. Printable 1040ez form 2011 gsa. Printable 1040ez form 2011 gov/fedrelay. Printable 1040ez form 2011 Walk-in. Printable 1040ez form 2011 You can find a selection of forms, publications and services — in-person, face-to-face. Printable 1040ez form 2011 Products. Printable 1040ez form 2011 You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Printable 1040ez form 2011 Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. Printable 1040ez form 2011 Services. Printable 1040ez form 2011 You can walk in to your local TAC most business days for personal, face-to-face tax help. Printable 1040ez form 2011 An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. Printable 1040ez form 2011 If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you are more comfortable talking with someone in person, visit your local TAC where you can talk with an IRS representative face-to-face. Printable 1040ez form 2011 No appointment is necessary—just walk in. Printable 1040ez form 2011 Before visiting, check www. Printable 1040ez form 2011 irs. Printable 1040ez form 2011 gov/localcontacts for hours of operation and services provided. Printable 1040ez form 2011 Mail. Printable 1040ez form 2011 You can send your order for forms, instructions, and publications to the address below. Printable 1040ez form 2011 You should receive a response within 10 business days after your request is received. Printable 1040ez form 2011  Internal Revenue Service 1201 N. Printable 1040ez form 2011 Mitsubishi Motorway Bloomington, IL 61705-6613 The Taxpayer Advocate Service Is Here to Help You. Printable 1040ez form 2011   The Taxpayer Advocate Service (TAS) is your voice at the IRS. Printable 1040ez form 2011 Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. Printable 1040ez form 2011 What can TAS do for you?   We can offer you free help with IRS problems that you can't resolve on your own. Printable 1040ez form 2011 We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. Printable 1040ez form 2011 You face (or your business is facing) an immediate threat of adverse action. Printable 1040ez form 2011 You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. Printable 1040ez form 2011   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. Printable 1040ez form 2011 Here's why we can help: TAS is an independent organization within the IRS. Printable 1040ez form 2011 Our advocates know how to work with the IRS. Printable 1040ez form 2011 Our services are free and tailored to meet your needs. Printable 1040ez form 2011 We have offices in every state, the District of Columbia, and Puerto Rico. Printable 1040ez form 2011 How can you reach us?   If you think TAS can help you, call your local advocate, whose number is in your local directory and at www. Printable 1040ez form 2011 irs. Printable 1040ez form 2011 gov/advocate, or call us toll-free at 1-877-777-4778. Printable 1040ez form 2011 How else does TAS help taxpayers?   TAS also works to resolve large-scale, systemic problems that affect many taxpayers. Printable 1040ez form 2011 If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System at www. Printable 1040ez form 2011 irs. Printable 1040ez form 2011 gov/sams. Printable 1040ez form 2011 Low Income Taxpayer Clinics. Printable 1040ez form 2011   Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals, and tax collection disputes. Printable 1040ez form 2011 Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. Printable 1040ez form 2011 Visit www. Printable 1040ez form 2011 TaxpayerAdvocate. Printable 1040ez form 2011 irs. Printable 1040ez form 2011 gov or see IRS Publication 4134, Low Income Taxpayer Clinic List. Printable 1040ez form 2011 gnewbus01 Prev  Up  Next   Home   More Online Publications
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The Printable 1040ez Form 2011

Printable 1040ez form 2011 5. Printable 1040ez form 2011   Wages, Salaries, and Other Earnings Table of Contents Reminder Introduction Useful Items - You may want to see: Employee CompensationBabysitting. Printable 1040ez form 2011 Miscellaneous Compensation Fringe Benefits Retirement Plan Contributions Stock Options Restricted Property Special Rules for Certain EmployeesClergy Members of Religious Orders Foreign Employer Military Volunteers Sickness and Injury BenefitsDisability Pensions Long-Term Care Insurance Contracts Workers' Compensation Other Sickness and Injury Benefits Reminder Foreign income. Printable 1040ez form 2011   If you are a U. Printable 1040ez form 2011 S. Printable 1040ez form 2011 citizen or resident alien, you must report income from sources outside the United States (foreign income) on your tax return unless it is exempt by U. Printable 1040ez form 2011 S. Printable 1040ez form 2011 law. Printable 1040ez form 2011 This is true whether you reside inside or outside the United States and whether or not you receive a Form W-2, Wage and Tax Statement, or Form 1099 from the foreign payer. Printable 1040ez form 2011 This applies to earned income (such as wages and tips) as well as unearned income (such as interest, dividends, capital gains, pensions, rents, and royalties). Printable 1040ez form 2011 If you reside outside the United States, you may be able to exclude part or all of your foreign source earned income. Printable 1040ez form 2011 For details, see Publication 54, Tax Guide for U. Printable 1040ez form 2011 S. Printable 1040ez form 2011 Citizens and Resident Aliens Abroad. Printable 1040ez form 2011 Introduction This chapter discusses compensation received for services as an employee, such as wages, salaries, and fringe benefits. Printable 1040ez form 2011 The following topics are included. Printable 1040ez form 2011 Bonuses and awards. Printable 1040ez form 2011 Special rules for certain employees. Printable 1040ez form 2011 Sickness and injury benefits. Printable 1040ez form 2011 The chapter explains what income is included in the employee's gross income and what is not included. Printable 1040ez form 2011 Useful Items - You may want to see: Publication 463 Travel, Entertainment, Gift, and Car Expenses 525 Taxable and Nontaxable Income Employee Compensation This section discusses various types of employee compensation including fringe benefits, retirement plan contributions, stock options, and restricted property. Printable 1040ez form 2011 Form W-2. Printable 1040ez form 2011    If you are an employee, you should receive Form W-2 from your employer showing the pay you received for your services. Printable 1040ez form 2011 Include your pay on line 7 of Form 1040 or Form 1040A, or on line 1 of Form 1040EZ, even if you do not receive a Form W-2. Printable 1040ez form 2011   If you performed services, other than as an independent contractor, and your employer did not withhold social security and Medicare taxes from your pay, you must file Form 8919, Uncollected Social Security and Medicare Tax on Wages, with your Form 1040. Printable 1040ez form 2011 These wages must be included on line 7 of Form 1040. Printable 1040ez form 2011 See Form 8919 for more information. Printable 1040ez form 2011 Childcare providers. Printable 1040ez form 2011    If you provide childcare, either in the child's home or in your home or other place of business, the pay you receive must be included in your income. Printable 1040ez form 2011 If you are not an employee, you are probably self-employed and must include payments for your services on Schedule C (Form 1040), Profit or Loss From Business, or Schedule C-EZ (Form 1040), Net Profit From Business. Printable 1040ez form 2011 You generally are not an employee unless you are subject to the will and control of the person who employs you as to what you are to do and how you are to do it. Printable 1040ez form 2011 Babysitting. Printable 1040ez form 2011   If you babysit for relatives or neighborhood children, whether on a regular basis or only periodically, the rules for childcare providers apply to you. Printable 1040ez form 2011 Miscellaneous Compensation This section discusses different types of employee compensation. Printable 1040ez form 2011 Advance commissions and other earnings. Printable 1040ez form 2011   If you receive advance commissions or other amounts for services to be performed in the future and you are a cash-method taxpayer, you must include these amounts in your income in the year you receive them. Printable 1040ez form 2011    If you repay unearned commissions or other amounts in the same year you receive them, reduce the amount included in your income by the repayment. Printable 1040ez form 2011 If you repay them in a later tax year, you can deduct the repayment as an itemized deduction on your Schedule A (Form 1040), or you may be able to take a credit for that year. Printable 1040ez form 2011 See Repayments in chapter 12. Printable 1040ez form 2011 Allowances and reimbursements. Printable 1040ez form 2011    If you receive travel, transportation, or other business expense allowances or reimbursements from your employer, see Publication 463. Printable 1040ez form 2011 If you are reimbursed for moving expenses, see Publication 521, Moving Expenses. Printable 1040ez form 2011 Back pay awards. Printable 1040ez form 2011    Include in income amounts you are awarded in a settlement or judgment for back pay. Printable 1040ez form 2011 These include payments made to you for damages, unpaid life insurance premiums, and unpaid health insurance premiums. Printable 1040ez form 2011 They should be reported to you by your employer on Form W-2. Printable 1040ez form 2011 Bonuses and awards. Printable 1040ez form 2011   Bonuses or awards you receive for outstanding work are included in your income and should be shown on your Form W-2. Printable 1040ez form 2011 These include prizes such as vacation trips for meeting sales goals. Printable 1040ez form 2011 If the prize or award you receive is goods or services, you must include the fair market value of the goods or services in your income. Printable 1040ez form 2011 However, if your employer merely promises to pay you a bonus or award at some future time, it is not taxable until you receive it or it is made available to you. Printable 1040ez form 2011 Employee achievement award. Printable 1040ez form 2011   If you receive tangible personal property (other than cash, a gift certificate, or an equivalent item) as an award for length of service or safety achievement, you generally can exclude its value from your income. Printable 1040ez form 2011 However, the amount you can exclude is limited to your employer's cost and cannot be more than $1,600 ($400 for awards that are not qualified plan awards) for all such awards you receive during the year. Printable 1040ez form 2011 Your employer can tell you whether your award is a qualified plan award. Printable 1040ez form 2011 Your employer must make the award as part of a meaningful presentation, under conditions and circumstances that do not create a significant likelihood of it being disguised pay. Printable 1040ez form 2011   However, the exclusion does not apply to the following awards: A length-of-service award if you received it for less than 5 years of service or if you received another length-of-service award during the year or the previous 4 years. Printable 1040ez form 2011 A safety achievement award if you are a manager, administrator, clerical employee, or other professional employee or if more than 10% of eligible employees previously received safety achievement awards during the year. Printable 1040ez form 2011 Example. Printable 1040ez form 2011 Ben Green received three employee achievement awards during the year: a nonqualified plan award of a watch valued at $250, and two qualified plan awards of a stereo valued at $1,000 and a set of golf clubs valued at $500. Printable 1040ez form 2011 Assuming that the requirements for qualified plan awards are otherwise satisfied, each award by itself would be excluded from income. Printable 1040ez form 2011 However, because the $1,750 total value of the awards is more than $1,600, Ben must include $150 ($1,750 – $1,600) in his income. Printable 1040ez form 2011 Differential wage payments. Printable 1040ez form 2011   This is any payment made to you by an employer for any period during which you are, for a period of more than 30 days, an active duty member of the uniformed services and represents all or a portion of the wages you would have received from the employer during that period. Printable 1040ez form 2011 These payments are treated as wages and are subject to income tax withholding, but not FICA or FUTA taxes. Printable 1040ez form 2011 The payments are reported as wages on Form W-2. Printable 1040ez form 2011 Government cost-of-living allowances. Printable 1040ez form 2011   Most payments received by U. Printable 1040ez form 2011 S. Printable 1040ez form 2011 Government civilian employees for working abroad are taxable. Printable 1040ez form 2011 However, certain cost-of-living allowances are tax free. Printable 1040ez form 2011 Publication 516, U. Printable 1040ez form 2011 S. Printable 1040ez form 2011 Government Civilian Employees Stationed Abroad, explains the tax treatment of allowances, differentials, and other special pay you receive for employment abroad. Printable 1040ez form 2011 Nonqualified deferred compensation plans. Printable 1040ez form 2011   Your employer will report to you the total amount of deferrals for the year under a nonqualified deferred compensation plan. Printable 1040ez form 2011 This amount is shown on Form W-2, box 12, using code Y. Printable 1040ez form 2011 This amount is not included in your income. Printable 1040ez form 2011   However, if at any time during the tax year, the plan fails to meet certain requirements, or is not operated under those requirements, all amounts deferred under the plan for the tax year and all preceding tax years are included in your income for the current year. Printable 1040ez form 2011 This amount is included in your wages shown on Form W-2, box 1. Printable 1040ez form 2011 It is also shown on Form W-2, box 12, using code Z. Printable 1040ez form 2011 Note received for services. Printable 1040ez form 2011    If your employer gives you a secured note as payment for your services, you must include the fair market value (usually the discount value) of the note in your income for the year you receive it. Printable 1040ez form 2011 When you later receive payments on the note, a proportionate part of each payment is the recovery of the fair market value that you previously included in your income. Printable 1040ez form 2011 Do not include that part again in your income. Printable 1040ez form 2011 Include the rest of the payment in your income in the year of payment. Printable 1040ez form 2011   If your employer gives you a nonnegotiable unsecured note as payment for your services, payments on the note that are credited toward the principal amount of the note are compensation income when you receive them. Printable 1040ez form 2011 Severance pay. Printable 1040ez form 2011   You must include in income amounts you receive as severance pay and any payment for the cancellation of your employment contract. Printable 1040ez form 2011 Accrued leave payment. Printable 1040ez form 2011    If you are a federal employee and receive a lump-sum payment for accrued annual leave when you retire or resign, this amount will be included as wages on your Form W-2. Printable 1040ez form 2011   If you resign from one agency and are reemployed by another agency, you may have to repay part of your lump-sum annual leave payment to the second agency. Printable 1040ez form 2011 You can reduce gross wages by the amount you repaid in the same tax year in which you received it. Printable 1040ez form 2011 Attach to your tax return a copy of the receipt or statement given to you by the agency you repaid to explain the difference between the wages on the return and the wages on your Forms W-2. Printable 1040ez form 2011 Outplacement services. Printable 1040ez form 2011   If you choose to accept a reduced amount of severance pay so that you can receive outplacement services (such as training in résumé writing and interview techniques), you must include the unreduced amount of the severance pay in income. Printable 1040ez form 2011    However, you can deduct the value of these outplacement services (up to the difference between the severance pay included in income and the amount actually received) as a miscellaneous deduction (subject to the 2%-of-adjusted-gross-income (AGI) limit) on Schedule A (Form 1040). Printable 1040ez form 2011 Sick pay. Printable 1040ez form 2011   Pay you receive from your employer while you are sick or injured is part of your salary or wages. Printable 1040ez form 2011 In addition, you must include in your income sick pay benefits received from any of the following payers: A welfare fund. Printable 1040ez form 2011 A state sickness or disability fund. Printable 1040ez form 2011 An association of employers or employees. Printable 1040ez form 2011 An insurance company, if your employer paid for the plan. Printable 1040ez form 2011 However, if you paid the premiums on an accident or health insurance policy, the benefits you receive under the policy are not taxable. Printable 1040ez form 2011 For more information, see Publication 525. Printable 1040ez form 2011 Social security and Medicare taxes paid by employer. Printable 1040ez form 2011   If you and your employer have an agreement that your employer pays your social security and Medicare taxes without deducting them from your gross wages, you must report the amount of tax paid for you as taxable wages on your tax return. Printable 1040ez form 2011 The payment also is treated as wages for figuring your social security and Medicare taxes and your social security and Medicare benefits. Printable 1040ez form 2011 However, these payments are not treated as social security and Medicare wages if you are a household worker or a farm worker. Printable 1040ez form 2011 Stock appreciation rights. Printable 1040ez form 2011   Do not include a stock appreciation right granted by your employer in income until you exercise (use) the right. Printable 1040ez form 2011 When you use the right, you are entitled to a cash payment equal to the fair market value of the corporation's stock on the date of use minus the fair market value on the date the right was granted. Printable 1040ez form 2011 You include the cash payment in your income in the year you use the right. Printable 1040ez form 2011 Fringe Benefits Fringe benefits received in connection with the performance of your services are included in your income as compensation unless you pay fair market value for them or they are specifically excluded by law. Printable 1040ez form 2011 Abstaining from the performance of services (for example, under a covenant not to compete) is treated as the performance of services for purposes of these rules. Printable 1040ez form 2011 Accounting period. Printable 1040ez form 2011   You must use the same accounting period your employer uses to report your taxable noncash fringe benefits. Printable 1040ez form 2011 Your employer has the option to report taxable noncash fringe benefits by using either of the following rules. Printable 1040ez form 2011 The general rule: benefits are reported for a full calendar year (January 1–December 31). Printable 1040ez form 2011 The special accounting period rule: benefits provided during the last 2 months of the calendar year (or any shorter period) are treated as paid during the following calendar year. Printable 1040ez form 2011 For example, each year your employer reports the value of benefits provided during the last 2 months of the prior year and the first 10 months of the current year. Printable 1040ez form 2011  Your employer does not have to use the same accounting period for each fringe benefit, but must use the same period for all employees who receive a particular benefit. Printable 1040ez form 2011   You must use the same accounting period that you use to report the benefit to claim an employee business deduction (for use of a car, for example). Printable 1040ez form 2011 Form W-2. Printable 1040ez form 2011   Your employer must include all taxable fringe benefits in box 1 of Form W-2 as wages, tips, and other compensation and, if applicable, in boxes 3 and 5 as social security and Medicare wages. Printable 1040ez form 2011 Although not required, your employer may include the total value of fringe benefits in box 14 (or on a separate statement). Printable 1040ez form 2011 However, if your employer provided you with a vehicle and included 100% of its annual lease value in your income, the employer must separately report this value to you in box 14 (or on a separate statement). Printable 1040ez form 2011 Accident or Health Plan In most cases, the value of accident or health plan coverage provided to you by your employer is not included in your income. Printable 1040ez form 2011 Benefits you receive from the plan may be taxable, as explained later under Sickness and Injury Benefits . Printable 1040ez form 2011 For information on the items covered in this section, other than Long-term care coverage, see Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans. Printable 1040ez form 2011 Long-term care coverage. Printable 1040ez form 2011    Contributions by your employer to provide coverage for long-term care services generally are not included in your income. Printable 1040ez form 2011 However, contributions made through a flexible spending or similar arrangement (such as a cafeteria plan) must be included in your income. Printable 1040ez form 2011 This amount will be reported as wages in box 1 of your Form W-2. Printable 1040ez form 2011   Contributions you make to the plan are discussed in Publication 502, Medical and Dental Expenses. Printable 1040ez form 2011 Archer MSA contributions. Printable 1040ez form 2011    Contributions by your employer to your Archer MSA generally are not included in your income. Printable 1040ez form 2011 Their total will be reported in box 12 of Form W-2 with code R. Printable 1040ez form 2011 You must report this amount on Form 8853, Archer MSAs and Long-Term Care Insurance Contracts. Printable 1040ez form 2011 File the form with your return. Printable 1040ez form 2011 Health flexible spending arrangement (health FSA). Printable 1040ez form 2011   If your employer provides a health FSA that qualifies as an accident or health plan, the amount of your salary reduction, and reimbursements of your medical care expenses, in most cases, are not included in your income. Printable 1040ez form 2011 Note. Printable 1040ez form 2011 Health FSAs are subject to a $2,500 limit on salary reduction contributions for plan years beginning after 2012. Printable 1040ez form 2011 The $2,500 limit is subject to an inflation adjustment for plan years beginning after 2013. Printable 1040ez form 2011 For more information, see Notice 2012-40, 2012-26 I. Printable 1040ez form 2011 R. Printable 1040ez form 2011 B. Printable 1040ez form 2011 1046, available at www. Printable 1040ez form 2011 irs. Printable 1040ez form 2011 gov/irb/2012-26 IRB/ar09. Printable 1040ez form 2011 html. Printable 1040ez form 2011 Health reimbursement arrangement (HRA). Printable 1040ez form 2011   If your employer provides an HRA that qualifies as an accident or health plan, coverage and reimbursements of your medical care expenses generally are not included in your income. Printable 1040ez form 2011 Health savings accounts (HSA). Printable 1040ez form 2011   If you are an eligible individual, you and any other person, including your employer or a family member, can make contributions to your HSA. Printable 1040ez form 2011 Contributions, other than employer contributions, are deductible on your return whether or not you itemize deductions. Printable 1040ez form 2011 Contributions made by your employer are not included in your income. Printable 1040ez form 2011 Distributions from your HSA that are used to pay qualified medical expenses are not included in your income. Printable 1040ez form 2011 Distributions not used for qualified medical expenses are included in your income. Printable 1040ez form 2011 See Publication 969 for the requirements of an HSA. Printable 1040ez form 2011   Contributions by a partnership to a bona fide partner's HSA are not contributions by an employer. Printable 1040ez form 2011 The contributions are treated as a distribution of money and are not included in the partner's gross income. Printable 1040ez form 2011 Contributions by a partnership to a partner's HSA for services rendered are treated as guaranteed payments that are includible in the partner's gross income. Printable 1040ez form 2011 In both situations, the partner can deduct the contribution made to the partner's HSA. Printable 1040ez form 2011   Contributions by an S corporation to a 2% shareholder-employee's HSA for services rendered are treated as guaranteed payments and are includible in the shareholder-employee's gross income. Printable 1040ez form 2011 The shareholder-employee can deduct the contribution made to the shareholder-employee's HSA. Printable 1040ez form 2011 Qualified HSA funding distribution. Printable 1040ez form 2011   You can make a one-time distribution from your individual retirement account (IRA) to an HSA and you generally will not include any of the distribution in your income. Printable 1040ez form 2011 See Publication 590 for the requirements for these qualified HSA funding distributions. Printable 1040ez form 2011 Failure to maintain eligibility. Printable 1040ez form 2011   If your HSA received qualified HSA distributions from a health FSA or HRA (discussed earlier) or a qualified HSA funding distribution, you must be an eligible individual for HSA purposes for the period beginning with the month in which the qualified distribution was made and ending on the last day of the 12th month following that month. Printable 1040ez form 2011 If you fail to be an eligible individual during this period, other than because of death or disability, you must include the distribution in your income for the tax year in which you become ineligible. Printable 1040ez form 2011 This income is also subject to an additional 10% tax. Printable 1040ez form 2011 Adoption Assistance You may be able to exclude from your income amounts paid or expenses incurred by your employer for qualified adoption expenses in connection with your adoption of an eligible child. Printable 1040ez form 2011 See the Instructions for Form 8839, Qualified Adoption Expenses, for more information. Printable 1040ez form 2011 Adoption benefits are reported by your employer in box 12 of Form W-2 with code T. Printable 1040ez form 2011 They also are included as social security and Medicare wages in boxes 3 and 5. Printable 1040ez form 2011 However, they are not included as wages in box 1. Printable 1040ez form 2011 To determine the taxable and nontaxable amounts, you must complete Part III of Form 8839. Printable 1040ez form 2011 File the form with your return. Printable 1040ez form 2011 De Minimis (Minimal) Benefits If your employer provides you with a product or service and the cost of it is so small that it would be unreasonable for the employer to account for it, the value is not included in your income. Printable 1040ez form 2011 In most cases, the value of benefits such as discounts at company cafeterias, cab fares home when working overtime, and company picnics are not included in your income. Printable 1040ez form 2011 Holiday gifts. Printable 1040ez form 2011   If your employer gives you a turkey, ham, or other item of nominal value at Christmas or other holidays, do not include the value of the gift in your income. Printable 1040ez form 2011 However, if your employer gives you cash, a gift certificate, or a similar item that you can easily exchange for cash, you include the value of that gift as extra salary or wages regardless of the amount involved. Printable 1040ez form 2011 Educational Assistance You can exclude from your income up to $5,250 of qualified employer-provided educational assistance. Printable 1040ez form 2011 For more information, see Publication 970, Tax Benefits for Education. Printable 1040ez form 2011 Group-Term Life Insurance In most cases, the cost of up to $50,000 of group-term life insurance coverage provided to you by your employer (or former employer) is not included in your income. Printable 1040ez form 2011 However, you must include in income the cost of employer-provided insurance that is more than the cost of $50,000 of coverage reduced by any amount you pay toward the purchase of the insurance. Printable 1040ez form 2011 For exceptions, see Entire cost excluded , and Entire cost taxed , later. Printable 1040ez form 2011 If your employer provided more than $50,000 of coverage, the amount included in your income is reported as part of your wages in box 1 of your Form W-2. Printable 1040ez form 2011 Also, it is shown separately in box 12 with code C. Printable 1040ez form 2011 Group-term life insurance. Printable 1040ez form 2011   This insurance is term life insurance protection (insurance for a fixed period of time) that: Provides a general death benefit, Is provided to a group of employees, Is provided under a policy carried by the employer, and Provides an amount of insurance to each employee based on a formula that prevents individual selection. Printable 1040ez form 2011 Permanent benefits. Printable 1040ez form 2011   If your group-term life insurance policy includes permanent benefits, such as a paid-up or cash surrender value, you must include in your income, as wages, the cost of the permanent benefits minus the amount you pay for them. Printable 1040ez form 2011 Your employer should be able to tell you the amount to include in your income. Printable 1040ez form 2011 Accidental death benefits. Printable 1040ez form 2011   Insurance that provides accidental or other death benefits but does not provide general death benefits (travel insurance, for example) is not group-term life insurance. Printable 1040ez form 2011 Former employer. Printable 1040ez form 2011   If your former employer provided more than $50,000 of group-term life insurance coverage during the year, the amount included in your income is reported as wages in box 1 of Form W-2. Printable 1040ez form 2011 Also, it is shown separately in box 12 with code C. Printable 1040ez form 2011 Box 12 also will show the amount of uncollected social security and Medicare taxes on the excess coverage, with codes M and N. Printable 1040ez form 2011 You must pay these taxes with your income tax return. Printable 1040ez form 2011 Include them on line 60, Form 1040, and follow the instructions for line 60. Printable 1040ez form 2011 For more information, see the Instructions for Form 1040. Printable 1040ez form 2011 Two or more employers. Printable 1040ez form 2011   Your exclusion for employer-provided group-term life insurance coverage cannot exceed the cost of $50,000 of coverage, whether the insurance is provided by a single employer or multiple employers. Printable 1040ez form 2011 If two or more employers provide insurance coverage that totals more than $50,000, the amounts reported as wages on your Forms W-2 will not be correct. Printable 1040ez form 2011 You must figure how much to include in your income. Printable 1040ez form 2011 Reduce the amount you figure by any amount reported with code C in box 12 of your Forms W-2, add the result to the wages reported in box 1, and report the total on your return. Printable 1040ez form 2011 Figuring the taxable cost. Printable 1040ez form 2011   Use the following worksheet to figure the amount to include in your income. Printable 1040ez form 2011     Worksheet 5-1. Printable 1040ez form 2011 Figuring the Cost of Group-Term Life Insurance To Include in Income 1. Printable 1040ez form 2011 Enter the total amount of your insurance coverage from your employer(s) 1. Printable 1040ez form 2011   2. Printable 1040ez form 2011 Limit on exclusion for employer-provided group-term life insurance coverage 2. Printable 1040ez form 2011 50,000 3. Printable 1040ez form 2011 Subtract line 2 from line 1 3. Printable 1040ez form 2011   4. Printable 1040ez form 2011 Divide line 3 by $1,000. Printable 1040ez form 2011 Figure to the nearest tenth 4. Printable 1040ez form 2011   5. Printable 1040ez form 2011 Go to Table 5-1. Printable 1040ez form 2011 Using your age on the last day of the tax year, find your age group in the left column, and enter the cost from the column on the right for your age group 5. Printable 1040ez form 2011   6. Printable 1040ez form 2011 Multiply line 4 by line 5 6. Printable 1040ez form 2011   7. Printable 1040ez form 2011 Enter the number of full months of coverage at this cost. Printable 1040ez form 2011 7. Printable 1040ez form 2011   8. Printable 1040ez form 2011 Multiply line 6 by line 7 8. Printable 1040ez form 2011   9. Printable 1040ez form 2011 Enter the premiums you paid per month 9. Printable 1040ez form 2011       10. Printable 1040ez form 2011 Enter the number of months you paid the premiums 10. Printable 1040ez form 2011       11. Printable 1040ez form 2011 Multiply line 9 by line 10. Printable 1040ez form 2011 11. Printable 1040ez form 2011   12. Printable 1040ez form 2011 Subtract line 11 from line 8. Printable 1040ez form 2011 Include this amount in your income as wages 12. Printable 1040ez form 2011      Table 5-1. Printable 1040ez form 2011 Cost of $1,000 of Group-Term Life Insurance for One Month Age Cost Under 25 $. Printable 1040ez form 2011 05 25 through 29 . Printable 1040ez form 2011 06 30 through 34 . Printable 1040ez form 2011 08 35 through 39 . Printable 1040ez form 2011 09 40 through 44 . Printable 1040ez form 2011 10 45 through 49 . Printable 1040ez form 2011 15 50 through 54 . Printable 1040ez form 2011 23 55 through 59 . Printable 1040ez form 2011 43 60 through 64 . Printable 1040ez form 2011 66 65 through 69 1. Printable 1040ez form 2011 27 70 and older 2. Printable 1040ez form 2011 06 Example. Printable 1040ez form 2011 You are 51 years old and work for employers A and B. Printable 1040ez form 2011 Both employers provide group-term life insurance coverage for you for the entire year. Printable 1040ez form 2011 Your coverage is $35,000 with employer A and $45,000 with employer B. Printable 1040ez form 2011 You pay premiums of $4. Printable 1040ez form 2011 15 a month under the employer B group plan. Printable 1040ez form 2011 You figure the amount to include in your income as shown in Worksheet 5-1. Printable 1040ez form 2011 Figuring the Cost of Group-Term Life Insurance to Include in Income—Illustrated, later. Printable 1040ez form 2011 Worksheet 5-1. Printable 1040ez form 2011 Figuring the Cost of Group-Term Life Insurance to Include in Income—Illustrated 1. Printable 1040ez form 2011 Enter the total amount of your insurance coverage from your employer(s) 1. Printable 1040ez form 2011 80,000 2. Printable 1040ez form 2011 Limit on exclusion for employer-provided group-term life insurance coverage 2. Printable 1040ez form 2011 50,000 3. Printable 1040ez form 2011 Subtract line 2 from line 1 3. Printable 1040ez form 2011 30,000 4. Printable 1040ez form 2011 Divide line 3 by $1,000. Printable 1040ez form 2011 Figure to the nearest tenth 4. Printable 1040ez form 2011 30. Printable 1040ez form 2011 0 5. Printable 1040ez form 2011 Go to Table 5-1. Printable 1040ez form 2011 Using your age on the last day of the tax year, find your age group in the left column, and enter the cost from the column on the right for your age group 5. Printable 1040ez form 2011 . Printable 1040ez form 2011 23 6. Printable 1040ez form 2011 Multiply line 4 by line 5 6. Printable 1040ez form 2011 6. Printable 1040ez form 2011 90 7. Printable 1040ez form 2011 Enter the number of full months of coverage at this cost. Printable 1040ez form 2011 7. Printable 1040ez form 2011 12 8. Printable 1040ez form 2011 Multiply line 6 by line 7 8. Printable 1040ez form 2011 82. Printable 1040ez form 2011 80 9. Printable 1040ez form 2011 Enter the premiums you paid per month 9. Printable 1040ez form 2011 4. Printable 1040ez form 2011 15     10. Printable 1040ez form 2011 Enter the number of months you paid the premiums 10. Printable 1040ez form 2011 12     11. Printable 1040ez form 2011 Multiply line 9 by line 10. Printable 1040ez form 2011 11. Printable 1040ez form 2011 49. Printable 1040ez form 2011 80 12. Printable 1040ez form 2011 Subtract line 11 from line 8. Printable 1040ez form 2011 Include this amount in your income as wages 12. Printable 1040ez form 2011 33. Printable 1040ez form 2011 00 Entire cost excluded. Printable 1040ez form 2011   You are not taxed on the cost of group-term life insurance if any of the following circumstances apply. Printable 1040ez form 2011 You are permanently and totally disabled and have ended your employment. Printable 1040ez form 2011 Your employer is the beneficiary of the policy for the entire period the insurance is in force during the tax year. Printable 1040ez form 2011 A charitable organization (defined in chapter 24) to which contributions are deductible is the only beneficiary of the policy for the entire period the insurance is in force during the tax year. Printable 1040ez form 2011 (You are not entitled to a deduction for a charitable contribution for naming a charitable organization as the beneficiary of your policy. Printable 1040ez form 2011 ) The plan existed on January 1, 1984, and You retired before January 2, 1984, and were covered by the plan when you retired, or You reached age 55 before January 2, 1984, and were employed by the employer or its predecessor in 1983. Printable 1040ez form 2011 Entire cost taxed. Printable 1040ez form 2011   You are taxed on the entire cost of group-term life insurance if either of the following circumstances apply: The insurance is provided by your employer through a qualified employees' trust, such as a pension trust or a qualified annuity plan. Printable 1040ez form 2011 You are a key employee and your employer's plan discriminates in favor of key employees. Printable 1040ez form 2011 Retirement Planning Services If your employer has a qualified retirement plan, qualified retirement planning services provided to you (and your spouse) by your employer are not included in your income. Printable 1040ez form 2011 Qualified services include retirement planning advice, information about your employer's retirement plan, and information about how the plan may fit into your overall individual retirement income plan. Printable 1040ez form 2011 You cannot exclude the value of any tax preparation, accounting, legal, or brokerage services provided by your employer. Printable 1040ez form 2011 Transportation If your employer provides you with a qualified transportation fringe benefit, it can be excluded from your income, up to certain limits. Printable 1040ez form 2011 A qualified transportation fringe benefit is: Transportation in a commuter highway vehicle (such as a van) between your home and work place, A transit pass, Qualified parking, or Qualified bicycle commuting reimbursement. Printable 1040ez form 2011 Cash reimbursement by your employer for these expenses under a bona fide reimbursement arrangement is also excludable. Printable 1040ez form 2011 However, cash reimbursement for a transit pass is excludable only if a voucher or similar item that can be exchanged only for a transit pass is not readily available for direct distribution to you. Printable 1040ez form 2011 Exclusion limit. Printable 1040ez form 2011   The exclusion for commuter vehicle transportation and transit pass fringe benefits cannot be more than $245 a month. Printable 1040ez form 2011   The exclusion for the qualified parking fringe benefit cannot be more than $245 a month. Printable 1040ez form 2011   The exclusion for qualified bicycle commuting in a calendar year is $20 multiplied by the number of qualified bicycle commuting months that year. Printable 1040ez form 2011   If the benefits have a value that is more than these limits, the excess must be included in your income. Printable 1040ez form 2011 You are not entitled to these exclusions if the reimbursements are made under a compensation reduction agreement. Printable 1040ez form 2011 Commuter highway vehicle. Printable 1040ez form 2011   This is a highway vehicle that seats at least six adults (not including the driver). Printable 1040ez form 2011 At least 80% of the vehicle's mileage must reasonably be expected to be: For transporting employees between their homes and work place, and On trips during which employees occupy at least half of the vehicle's adult seating capacity (not including the driver). Printable 1040ez form 2011 Transit pass. Printable 1040ez form 2011   This is any pass, token, farecard, voucher, or similar item entitling a person to ride mass transit (whether public or private) free or at a reduced rate or to ride in a commuter highway vehicle operated by a person in the business of transporting persons for compensation. Printable 1040ez form 2011 Qualified parking. Printable 1040ez form 2011   This is parking provided to an employee at or near the employer's place of business. Printable 1040ez form 2011 It also includes parking provided on or near a location from which the employee commutes to work by mass transit, in a commuter highway vehicle, or by carpool. Printable 1040ez form 2011 It does not include parking at or near the employee's home. Printable 1040ez form 2011 Qualified bicycle commuting. Printable 1040ez form 2011   This is reimbursement based on the number of qualified bicycle commuting months for the year. Printable 1040ez form 2011 A qualified bicycle commuting month is any month you use the bicycle regularly for a substantial portion of the travel between your home and place of employment and you do not receive any of the other qualified transportation fringe benefits. Printable 1040ez form 2011 The reimbursement can be for expenses you incurred during the year for the purchase of a bicycle and bicycle improvements, repair, and storage. Printable 1040ez form 2011 Retirement Plan Contributions Your employer's contributions to a qualified retirement plan for you are not included in income at the time contributed. Printable 1040ez form 2011 (Your employer can tell you whether your retirement plan is qualified. Printable 1040ez form 2011 ) However, the cost of life insurance coverage included in the plan may have to be included. Printable 1040ez form 2011 See Group-Term Life Insurance , earlier, under Fringe Benefits. Printable 1040ez form 2011 If your employer pays into a nonqualified plan for you, you generally must include the contributions in your income as wages for the tax year in which the contributions are made. Printable 1040ez form 2011 However, if your interest in the plan is not transferable or is subject to a substantial risk of forfeiture (you have a good chance of losing it) at the time of the contribution, you do not have to include the value of your interest in your income until it is transferable or is no longer subject to a substantial risk of forfeiture. Printable 1040ez form 2011 For information on distributions from retirement plans, see Publication 575, Pension and Annuity Income (or Publication 721, Tax Guide to U. Printable 1040ez form 2011 S. Printable 1040ez form 2011 Civil Service Retirement Benefits, if you are a federal employee or retiree). Printable 1040ez form 2011 Elective deferrals. Printable 1040ez form 2011   If you are covered by certain kinds of retirement plans, you can choose to have part of your compensation contributed by your employer to a retirement fund, rather than have it paid to you. Printable 1040ez form 2011 The amount you set aside (called an elective deferral) is treated as an employer contribution to a qualified plan. Printable 1040ez form 2011 An elective deferral, other than a designated Roth contribution (discussed later), is not included in wages subject to income tax at the time contributed. Printable 1040ez form 2011 However, it is included in wages subject to social security and Medicare taxes. Printable 1040ez form 2011   Elective deferrals include elective contributions to the following retirement plans. Printable 1040ez form 2011 Cash or deferred arrangements (section 401(k) plans). Printable 1040ez form 2011 The Thrift Savings Plan for federal employees. Printable 1040ez form 2011 Salary reduction simplified employee pension plans (SARSEP). Printable 1040ez form 2011 Savings incentive match plans for employees (SIMPLE plans). Printable 1040ez form 2011 Tax-sheltered annuity plans (403(b) plans). Printable 1040ez form 2011 Section 501(c)(18)(D) plans. Printable 1040ez form 2011 Section 457 plans. Printable 1040ez form 2011 Qualified automatic contribution arrangements. Printable 1040ez form 2011   Under a qualified automatic contribution arrangement, your employer can treat you as having elected to have a part of your compensation contributed to a section 401(k) plan. Printable 1040ez form 2011 You are to receive written notice of your rights and obligations under the qualified automatic contribution arrangement. Printable 1040ez form 2011 The notice must explain: Your rights to elect not to have elective contributions made, or to have contributions made at a different percentage, and How contributions made will be invested in the absence of any investment decision by you. Printable 1040ez form 2011   You must be given a reasonable period of time after receipt of the notice and before the first elective contribution is made to make an election with respect to the contributions. Printable 1040ez form 2011 Overall limit on deferrals. Printable 1040ez form 2011   For 2013, in most cases, you should not have deferred more than a total of $17,500 of contributions to the plans listed in (1) through (3) and (5) above. Printable 1040ez form 2011 The limit for SIMPLE plans is $12,000. Printable 1040ez form 2011 The limit for section 501(c)(18)(D) plans is the lesser of $7,000 or 25% of your compensation. Printable 1040ez form 2011 The limit for section 457 plans is the lesser of your includible compensation or $17,500. Printable 1040ez form 2011 Amounts deferred under specific plan limits are part of the overall limit on deferrals. Printable 1040ez form 2011 Designated Roth contributions. Printable 1040ez form 2011   Employers with section 401(k) and section 403(b) plans can create qualified Roth contribution programs so that you may elect to have part or all of your elective deferrals to the plan designated as after-tax Roth contributions. Printable 1040ez form 2011 Designated Roth contributions are treated as elective deferrals, except that they are included in income. Printable 1040ez form 2011 Excess deferrals. Printable 1040ez form 2011   Your employer or plan administrator should apply the proper annual limit when figuring your plan contributions. Printable 1040ez form 2011 However, you are responsible for monitoring the total you defer to ensure that the deferrals are not more than the overall limit. Printable 1040ez form 2011   If you set aside more than the limit, the excess generally must be included in your income for that year, unless you have an excess deferral of a designated Roth contribution. Printable 1040ez form 2011 See Publication 525 for a discussion of the tax treatment of excess deferrals. Printable 1040ez form 2011 Catch-up contributions. Printable 1040ez form 2011   You may be allowed catch-up contributions (additional elective deferral) if you are age 50 or older by the end of your tax year. Printable 1040ez form 2011 Stock Options If you receive a nonstatutory option to buy or sell stock or other property as payment for your services, you usually will have income when you receive the option, when you exercise the option (use it to buy or sell the stock or other property), or when you sell or otherwise dispose of the option. Printable 1040ez form 2011 However, if your option is a statutory stock option, you will not have any income until you sell or exchange your stock. Printable 1040ez form 2011 Your employer can tell you which kind of option you hold. Printable 1040ez form 2011 For more information, see Publication 525. Printable 1040ez form 2011 Restricted Property In most cases, if you receive property for your services, you must include its fair market value in your income in the year you receive the property. Printable 1040ez form 2011 However, if you receive stock or other property that has certain restrictions that affect its value, you do not include the value of the property in your income until it has substantially vested. Printable 1040ez form 2011 (You can choose to include the value of the property in your income in the year it is transferred to you. Printable 1040ez form 2011 ) For more information, see Restricted Property in Publication 525. Printable 1040ez form 2011 Dividends received on restricted stock. Printable 1040ez form 2011   Dividends you receive on restricted stock are treated as compensation and not as dividend income. Printable 1040ez form 2011 Your employer should include these payments on your Form W-2. Printable 1040ez form 2011 Stock you chose to include in income. Printable 1040ez form 2011   Dividends you receive on restricted stock you chose to include in your income in the year transferred are treated the same as any other dividends. Printable 1040ez form 2011 Report them on your return as dividends. Printable 1040ez form 2011 For a discussion of dividends, see chapter 8. Printable 1040ez form 2011    For information on how to treat dividends reported on both your Form W-2 and Form 1099-DIV, see Dividends received on restricted stock in Publication 525. Printable 1040ez form 2011 Special Rules for Certain Employees This section deals with special rules for people in certain types of employment: members of the clergy, members of religious orders, people working for foreign employers, military personnel, and volunteers. Printable 1040ez form 2011 Clergy Generally, if you are a member of the clergy, you must include in your income offerings and fees you receive for marriages, baptisms, funerals, masses, etc. Printable 1040ez form 2011 , in addition to your salary. Printable 1040ez form 2011 If the offering is made to the religious institution, it is not taxable to you. Printable 1040ez form 2011 If you are a member of a religious organization and you give your outside earnings to the religious organization, you still must include the earnings in your income. Printable 1040ez form 2011 However, you may be entitled to a charitable contribution deduction for the amount paid to the organization. Printable 1040ez form 2011 See chapter 24. Printable 1040ez form 2011 Pension. Printable 1040ez form 2011    A pension or retirement pay for a member of the clergy usually is treated as any other pension or annuity. Printable 1040ez form 2011 It must be reported on lines 16a and 16b of Form 1040 or on lines 12a and 12b of Form 1040A. Printable 1040ez form 2011 Housing. Printable 1040ez form 2011    Special rules for housing apply to members of the clergy. Printable 1040ez form 2011 Under these rules, you do not include in your income the rental value of a home (including utilities) or a designated housing allowance provided to you as part of your pay. Printable 1040ez form 2011 However, the exclusion cannot be more than the reasonable pay for your service. Printable 1040ez form 2011 If you pay for the utilities, you can exclude any allowance designated for utility cost, up to your actual cost. Printable 1040ez form 2011 The home or allowance must be provided as compensation for your services as an ordained, licensed, or commissioned minister. Printable 1040ez form 2011 However, you must include the rental value of the home or the housing allowance as earnings from self-employment on Schedule SE (Form 1040) if you are subject to the self-employment tax. Printable 1040ez form 2011 For more information, see Publication 517, Social Security and Other Information for Members of the Clergy and Religious Workers. Printable 1040ez form 2011 Members of Religious Orders If you are a member of a religious order who has taken a vow of poverty, how you treat earnings that you renounce and turn over to the order depends on whether your services are performed for the order. Printable 1040ez form 2011 Services performed for the order. Printable 1040ez form 2011   If you are performing the services as an agent of the order in the exercise of duties required by the order, do not include in your income the amounts turned over to the order. Printable 1040ez form 2011   If your order directs you to perform services for another agency of the supervising church or an associated institution, you are considered to be performing the services as an agent of the order. Printable 1040ez form 2011 Any wages you earn as an agent of an order that you turn over to the order are not included in your income. Printable 1040ez form 2011 Example. Printable 1040ez form 2011 You are a member of a church order and have taken a vow of poverty. Printable 1040ez form 2011 You renounce any claims to your earnings and turn over to the order any salaries or wages you earn. Printable 1040ez form 2011 You are a registered nurse, so your order assigns you to work in a hospital that is an associated institution of the church. Printable 1040ez form 2011 However, you remain under the general direction and control of the order. Printable 1040ez form 2011 You are considered to be an agent of the order and any wages you earn at the hospital that you turn over to your order are not included in your income. Printable 1040ez form 2011 Services performed outside the order. Printable 1040ez form 2011   If you are directed to work outside the order, your services are not an exercise of duties required by the order unless they meet both of the following requirements: They are the kind of services that are ordinarily the duties of members of the order. Printable 1040ez form 2011 They are part of the duties that you must exercise for, or on behalf of, the religious order as its agent. Printable 1040ez form 2011 If you are an employee of a third party, the services you perform for the third party will not be considered directed or required of you by the order. Printable 1040ez form 2011 Amounts you receive for these services are included in your income, even if you have taken a vow of poverty. Printable 1040ez form 2011 Example. Printable 1040ez form 2011 Mark Brown is a member of a religious order and has taken a vow of poverty. Printable 1040ez form 2011 He renounces all claims to his earnings and turns over his earnings to the order. Printable 1040ez form 2011 Mark is a schoolteacher. Printable 1040ez form 2011 He was instructed by the superiors of the order to get a job with a private tax-exempt school. Printable 1040ez form 2011 Mark became an employee of the school, and, at his request, the school made the salary payments directly to the order. Printable 1040ez form 2011 Because Mark is an employee of the school, he is performing services for the school rather than as an agent of the order. Printable 1040ez form 2011 The wages Mark earns working for the school are included in his income. Printable 1040ez form 2011 Foreign Employer Special rules apply if you work for a foreign employer. Printable 1040ez form 2011 U. Printable 1040ez form 2011 S. Printable 1040ez form 2011 citizen. Printable 1040ez form 2011   If you are a U. Printable 1040ez form 2011 S. Printable 1040ez form 2011 citizen who works in the United States for a foreign government, an international organization, a foreign embassy, or any foreign employer, you must include your salary in your income. Printable 1040ez form 2011 Social security and Medicare taxes. Printable 1040ez form 2011   You are exempt from social security and Medicare employee taxes if you are employed in the United States by an international organization or a foreign government. Printable 1040ez form 2011 However, you must pay self-employment tax on your earnings from services performed in the United States, even though you are not self-employed. Printable 1040ez form 2011 This rule also applies if you are an employee of a qualifying wholly owned instrumentality of a foreign government. Printable 1040ez form 2011 Employees of international organizations or foreign governments. Printable 1040ez form 2011   Your compensation for official services to an international organization is exempt from federal income tax if you are not a citizen of the United States or you are a citizen of the Philippines (whether or not you are a citizen of the United States). Printable 1040ez form 2011   Your compensation for official services to a foreign government is exempt from federal income tax if all of the following are true. Printable 1040ez form 2011 You are not a citizen of the United States or you are a citizen of the Philippines (whether or not you are a citizen of the United States). Printable 1040ez form 2011 Your work is like the work done by employees of the United States in foreign countries. Printable 1040ez form 2011 The foreign government gives an equal exemption to employees of the United States in its country. Printable 1040ez form 2011 Waiver of alien status. Printable 1040ez form 2011   If you are an alien who works for a foreign government or international organization and you file a waiver under section 247(b) of the Immigration and Nationality Act to keep your immigrant status, different rules may apply. Printable 1040ez form 2011 See Foreign Employer in Publication 525. Printable 1040ez form 2011 Employment abroad. Printable 1040ez form 2011   For information on the tax treatment of income earned abroad, see Publication 54. Printable 1040ez form 2011 Military Payments you receive as a member of a military service generally are taxed as wages except for retirement pay, which is taxed as a pension. Printable 1040ez form 2011 Allowances generally are not taxed. Printable 1040ez form 2011 For more information on the tax treatment of military allowances and benefits, see Publication 3, Armed Forces' Tax Guide. Printable 1040ez form 2011 Differential wage payments. Printable 1040ez form 2011   Any payments made to you by an employer during the time you are performing service in the uniformed services are treated as compensation. Printable 1040ez form 2011 These wages are subject to income tax withholding and are reported on a Form W-2. Printable 1040ez form 2011 See the discussion under Miscellaneous Compensation , earlier. Printable 1040ez form 2011 Military retirement pay. Printable 1040ez form 2011   If your retirement pay is based on age or length of service, it is taxable and must be included in your income as a pension on lines 16a and 16b of Form 1040 or on lines 12a and 12b of Form 1040A. Printable 1040ez form 2011 Do not include in your income the amount of any reduction in retirement or retainer pay to provide a survivor annuity for your spouse or children under the Retired Serviceman's Family Protection Plan or the Survivor Benefit Plan. Printable 1040ez form 2011   For more detailed discussion of survivor annuities, see chapter 10. Printable 1040ez form 2011 Disability. Printable 1040ez form 2011   If you are retired on disability, see Military and Government Disability Pensions under Sickness and Injury Benefits, later. Printable 1040ez form 2011 Veterans' benefits. Printable 1040ez form 2011   Do not include in your income any veterans' benefits paid under any law, regulation, or administrative practice administered by the Department of Veterans Affairs (VA). Printable 1040ez form 2011 The following amounts paid to veterans or their families are not taxable. Printable 1040ez form 2011 Education, training, and subsistence allowances. Printable 1040ez form 2011 Disability compensation and pension payments for disabilities paid either to veterans or their families. Printable 1040ez form 2011 Grants for homes designed for wheelchair living. Printable 1040ez form 2011 Grants for motor vehicles for veterans who lost their sight or the use of their limbs. Printable 1040ez form 2011 Veterans' insurance proceeds and dividends paid either to veterans or their beneficiaries, including the proceeds of a veteran's endowment policy paid before death. Printable 1040ez form 2011 Interest on insurance dividends you leave on deposit with the VA. Printable 1040ez form 2011 Benefits under a dependent-care assistance program. Printable 1040ez form 2011 The death gratuity paid to a survivor of a member of the Armed Forces who died after September 10, 2001. Printable 1040ez form 2011 Payments made under the compensated work therapy program. Printable 1040ez form 2011 Any bonus payment by a state or political subdivision because of service in a combat zone. Printable 1040ez form 2011 Volunteers The tax treatment of amounts you receive as a volunteer worker for the Peace Corps or similar agency is covered in the following discussions. Printable 1040ez form 2011 Peace Corps. Printable 1040ez form 2011   Living allowances you receive as a Peace Corps volunteer or volunteer leader for housing, utilities, household supplies, food, and clothing are exempt from tax. Printable 1040ez form 2011 Taxable allowances. Printable 1040ez form 2011   The following allowances must be included in your income and reported as wages: Allowances paid to your spouse and minor children while you are a volunteer leader training in the United States. Printable 1040ez form 2011 Living allowances designated by the Director of the Peace Corps as basic compensation. Printable 1040ez form 2011 These are allowances for personal items such as domestic help, laundry and clothing maintenance, entertainment and recreation, transportation, and other miscellaneous expenses. Printable 1040ez form 2011 Leave allowances. Printable 1040ez form 2011 Readjustment allowances or termination payments. Printable 1040ez form 2011 These are considered received by you when credited to your account. Printable 1040ez form 2011 Example. Printable 1040ez form 2011 Gary Carpenter, a Peace Corps volunteer, gets $175 a month as a readjustment allowance during his period of service, to be paid to him in a lump sum at the end of his tour of duty. Printable 1040ez form 2011 Although the allowance is not available to him until the end of his service, Gary must include it in his income on a monthly basis as it is credited to his account. Printable 1040ez form 2011 Volunteers in Service to America (VISTA). Printable 1040ez form 2011   If you are a VISTA volunteer, you must include meal and lodging allowances paid to you in your income as wages. Printable 1040ez form 2011 National Senior Services Corps programs. Printable 1040ez form 2011   Do not include in your income amounts you receive for supportive services or reimbursements for out-of-pocket expenses from the following programs. Printable 1040ez form 2011 Retired Senior Volunteer Program (RSVP). Printable 1040ez form 2011 Foster Grandparent Program. Printable 1040ez form 2011 Senior Companion Program. Printable 1040ez form 2011 Service Corps of Retired Executives (SCORE). Printable 1040ez form 2011   If you receive amounts for supportive services or reimbursements for out-of-pocket expenses from SCORE, do not include these amounts in income. Printable 1040ez form 2011 Volunteer tax counseling. Printable 1040ez form 2011   Do not include in your income any reimbursements you receive for transportation, meals, and other expenses you have in training for, or actually providing, volunteer federal income tax counseling for the elderly (TCE). Printable 1040ez form 2011   You can deduct as a charitable contribution your unreimbursed out-of-pocket expenses in taking part in the volunteer income tax assistance (VITA) program. Printable 1040ez form 2011 See chapter 24. Printable 1040ez form 2011 Sickness and Injury Benefits This section discusses sickness and injury benefits including disability pensions, long-term care insurance contracts, workers' compensation, and other benefits. Printable 1040ez form 2011 In most cases, you must report as income any amount you receive for personal injury or sickness through an accident or health plan that is paid for by your employer. Printable 1040ez form 2011 If both you and your employer pay for the plan, only the amount you receive that is due to your employer's payments is reported as income. Printable 1040ez form 2011 However, certain payments may not be taxable to you. Printable 1040ez form 2011 Your employer should be able to give you specific details about your pension plan and tell you the amount you paid for your disability pension. Printable 1040ez form 2011 In addition to disability pensions and annuities, you may be receiving other payments for sickness and injury. Printable 1040ez form 2011 Do not report as income any amounts paid to reimburse you for medical expenses you incurred after the plan was established. Printable 1040ez form 2011 Cost paid by you. Printable 1040ez form 2011   If you pay the entire cost of a health or accident insurance plan, do not include any amounts you receive from the plan for personal injury or sickness as income on your tax return. Printable 1040ez form 2011 If your plan reimbursed you for medical expenses you deducted in an earlier year, you may have to include some, or all, of the reimbursement in your income. Printable 1040ez form 2011 See Reimbursement in a later year in chapter 21. Printable 1040ez form 2011 Cafeteria plans. Printable 1040ez form 2011   In most cases, if you are covered by an accident or health insurance plan through a cafeteria plan, and the amount of the insurance premiums was not included in your income, you are not considered to have paid the premiums and you must include any benefits you receive in your income. Printable 1040ez form 2011 If the amount of the premiums was included in your income, you are considered to have paid the premiums, and any benefits you receive are not taxable. Printable 1040ez form 2011 Disability Pensions If you retired on disability, you must include in income any disability pension you receive under a plan that is paid for by your employer. Printable 1040ez form 2011 You must report your taxable disability payments as wages on line 7 of Form 1040 or Form 1040A, until you reach minimum retirement age. Printable 1040ez form 2011 Minimum retirement age generally is the age at which you can first receive a pension or annuity if you are not disabled. Printable 1040ez form 2011 You may be entitled to a tax credit if you were permanently and totally disabled when you retired. Printable 1040ez form 2011 For information on this credit and the definition of permanent and total disability, see chapter 33. Printable 1040ez form 2011 Beginning on the day after you reach minimum retirement age, payments you receive are taxable as a pension or annuity. Printable 1040ez form 2011 Report the payments on lines 16a and 16b of Form 1040 or on lines 12a and 12b of Form 1040A. Printable 1040ez form 2011 The rules for reporting pensions are explained in How To Report in chapter 10. Printable 1040ez form 2011 For information on disability payments from a governmental program provided as a substitute for unemployment compensation, see chapter 12. Printable 1040ez form 2011 Retirement and profit-sharing plans. Printable 1040ez form 2011   If you receive payments from a retirement or profit-sharing plan that does not provide for disability retirement, do not treat the payments as a disability pension. Printable 1040ez form 2011 The payments must be reported as a pension or annuity. Printable 1040ez form 2011 For more information on pensions, see chapter 10. Printable 1040ez form 2011 Accrued leave payment. Printable 1040ez form 2011   If you retire on disability, any lump-sum payment you receive for accrued annual leave is a salary payment. Printable 1040ez form 2011 The payment is not a disability payment. Printable 1040ez form 2011 Include it in your income in the tax year you receive it. Printable 1040ez form 2011 Military and Government Disability Pensions Certain military and government disability pensions are not taxable. Printable 1040ez form 2011 Service-connected disability. Printable 1040ez form 2011   You may be able to exclude from income amounts you receive as a pension, annuity, or similar allowance for personal injury or sickness resulting from active service in one of the following government services. Printable 1040ez form 2011 The armed forces of any country. Printable 1040ez form 2011 The National Oceanic and Atmospheric Administration. Printable 1040ez form 2011 The Public Health Service. Printable 1040ez form 2011 The Foreign Service. Printable 1040ez form 2011 Conditions for exclusion. Printable 1040ez form 2011   Do not include the disability payments in your income if any of the following conditions apply. Printable 1040ez form 2011 You were entitled to receive a disability payment before September 25, 1975. Printable 1040ez form 2011 You were a member of a listed government service or its reserve component, or were under a binding written commitment to become a member, on September 24, 1975. Printable 1040ez form 2011 You receive the disability payments for a combat-related injury. Printable 1040ez form 2011 This is a personal injury or sickness that Results directly from armed conflict, Takes place while you are engaged in extra-hazardous service, Takes place under conditions simulating war, including training exercises such as maneuvers, or Is caused by an instrumentality of war. Printable 1040ez form 2011 You would be entitled to receive disability compensation from the Department of Veterans Affairs (VA) if you filed an application for it. Printable 1040ez form 2011 Your exclusion under this condition is equal to the amount you would be entitled to receive from the VA. Printable 1040ez form 2011 Pension based on years of service. Printable 1040ez form 2011   If you receive a disability pension based on years of service, in most cases you must include it in your income. Printable 1040ez form 2011 However, if the pension qualifies for the exclusion for a service-connected disability (discussed earlier), do not include in income the part of your pension that you would have received if the pension had been based on a percentage of disability. Printable 1040ez form 2011 You must include the rest of your pension in your income. Printable 1040ez form 2011 Retroactive VA determination. Printable 1040ez form 2011   If you retire from the armed services based on years of service and are later given a retroactive service-connected disability rating by the VA, your retirement pay for the retroactive period is excluded from income up to the amount of VA disability benefits you would have been entitled to receive. Printable 1040ez form 2011 You can claim a refund of any tax paid on the excludable amount (subject to the statute of limitations) by filing an amended return on Form 1040X for each previous year during the retroactive period. Printable 1040ez form 2011 You must include with each Form 1040X a copy of the official VA Determination letter granting the retroactive benefit. Printable 1040ez form 2011 The letter must show the amount withheld and the effective date of the benefit. Printable 1040ez form 2011   If you receive a lump-sum disability severance payment and are later awarded VA disability benefits, exclude 100% of the severance benefit from your income. Printable 1040ez form 2011 However, you must include in your income any lump-sum readjustment or other nondisability severance payment you received on release from active duty, even if you are later given a retroactive disability rating by the VA. Printable 1040ez form 2011 Special statute of limitations. Printable 1040ez form 2011   In most cases, under the statute of limitations a claim for credit or refund must be filed within 3 years from the time a return was filed. Printable 1040ez form 2011 However, if you receive a retroactive service-connected disability rating determination, the statute of limitations is extended by a 1-year period beginning on the date of the determination. Printable 1040ez form 2011 This 1-year extended period applies to claims for credit or refund filed after June 17, 2008, and does not apply to any tax year that began more than 5 years before the date of the determination. Printable 1040ez form 2011 Example. Printable 1040ez form 2011 You retired in 2007 and receive a pension based on your years of service. Printable 1040ez form 2011 On August 1, 2013, you receive a determination of service-connected disability retroactive to 2007. Printable 1040ez form 2011 Generally, you could claim a refund for the taxes paid on your pension for 2010, 2011, and 2012. Printable 1040ez form 2011 However, under the special limitation period, you can also file a claim for 2009 as long as you file the claim by August 1, 2014. Printable 1040ez form 2011 You cannot file a claim for 2007 and 2008 because those tax years began more than 5 years before the determination. Printable 1040ez form 2011 Terrorist attack or military action. Printable 1040ez form 2011   Do not include in your income disability payments you receive for injuries resulting directly from a terrorist or military action. Printable 1040ez form 2011 Long-Term Care Insurance Contracts Long-term care insurance contracts in most cases are treated as accident and health insurance contracts. Printable 1040ez form 2011 Amounts you receive from them (other than policyholder dividends or premium refunds) in most cases are excludable from income as amounts received for personal injury or sickness. Printable 1040ez form 2011 To claim an exclusion for payments made on a per diem or other periodic basis under a long-term care insurance contract, you must file Form 8853 with your return. Printable 1040ez form 2011 A long-term care insurance contract is an insurance contract that only provides coverage for qualified long-term care services. Printable 1040ez form 2011 The contract must: Be guaranteed renewable, Not provide for a cash surrender value or other money that can be paid, assigned, pledged, or borrowed, Provide that refunds, other than refunds on the death of the insured or complete surrender or cancellation of the contract, and dividends under the contract may be used only to reduce future premiums or increase future benefits, and In most cases, not pay or reimburse expenses incurred for services or items that would be reimbursed under Medicare, except where Medicare is a secondary payer or the contract makes per diem or other periodic payments without regard to expenses. Printable 1040ez form 2011 Qualified long-term care services. Printable 1040ez form 2011   Qualified long-term care services are: Necessary diagnostic, preventive, therapeutic, curing, treating, mitigating, and rehabilitative services, and maintenance and personal care services, and Required by a chronically ill individual and provided pursuant to a plan of care as prescribed by a licensed health care practitioner. Printable 1040ez form 2011 Chronically ill individual. Printable 1040ez form 2011   A chronically ill individual is one who has been certified by a licensed health care practitioner within the previous 12 months as one of the following: An individual who, for at least 90 days, is unable to perform at least two activities of daily living without substantial assistance due to loss of functional capacity. Printable 1040ez form 2011 Activities of daily living are eating, toileting, transferring, bathing, dressing, and continence. Printable 1040ez form 2011 An individual who requires substantial supervision to be protected from threats to health and safety due to severe cognitive impairment. Printable 1040ez form 2011 Limit on exclusion. Printable 1040ez form 2011   You generally can exclude from gross income up to $320 a day for 2013. Printable 1040ez form 2011 See Limit on exclusion, under Long-Term Care Insurance Contracts, under Sickness and Injury Benefits in Publication 525 for more information. Printable 1040ez form 2011 Workers' Compensation Amounts you receive as workers' compensation for an occupational sickness or injury are fully exempt from tax if they are paid under a workers' compensation act or a statute in the nature of a workers' compensation act. Printable 1040ez form 2011 The exemption also applies to your survivors. Printable 1040ez form 2011 The exemption, however, does not apply to retirement plan benefits you receive based on your age, length of service, or prior contributions to the plan, even if you retired because of an occupational sickness or injury. Printable 1040ez form 2011 If part of your workers' compensation reduces your social security or equivalent railroad retirement benefits received, that part is considered social security (or equivalent railroad retirement) benefits and may be taxable. Printable 1040ez form 2011 For more information, see Publication 915, Social Security and Equivalent Railroad Retirement Benefits. Printable 1040ez form 2011 Return to work. Printable 1040ez form 2011    If you return to work after qualifying for workers' compensation, salary payments you receive for performing light duties are taxable as wages. Printable 1040ez form 2011 Other Sickness and Injury Benefits In addition to disability pensions and annuities, you may receive other payments for sickness or injury. Printable 1040ez form 2011 Railroad sick pay. Printable 1040ez form 2011    Payments you receive as sick pay under the Railroad Unemployment Insurance Act are taxable and you must include them in your income. Printable 1040ez form 2011 However, do not include them in your income if they are for an on-the-job injury. Printable 1040ez form 2011   If you received income because of a disability, see Disability Pensions , earlier. Printable 1040ez form 2011 Federal Employees' Compensation Act (FECA). Printable 1040ez form 2011   Payments received under this Act for personal injury or sickness, including payments to beneficiaries in case of death, are not taxable. Printable 1040ez form 2011 However, you are taxed on amounts you receive under this Act as continuation of pay for up to 45 days while a claim is being decided. Printable 1040ez form 2011 Report this income on line 7 of Form 1040 or Form 1040A or on line 1 of Form 1040-EZ. Printable 1040ez form 2011 Also, pay for sick leave while a claim is being processed is taxable and must be included in your income as wages. Printable 1040ez form 2011    If part of the payments you receive under FECA reduces your social security or equivalent railroad retirement benefits received, that part is considered social security (or equivalent railroad retirement) benefits and may be taxable. Printable 1040ez form 2011 For a discussion of the taxability of these benefits, see Social security and equivalent railroad retirement benefits under Other Income, in Publication 525. Printable 1040ez form 2011    You can deduct the amount you spend to buy back sick leave for an earlier year to be eligible for nontaxable FECA benefits for that period. Printable 1040ez form 2011 It is a miscellaneous deduction subject to the 2%-of-AGI limit on Schedule A (Form 1040). Printable 1040ez form 2011 If you buy back sick leave in the same year you used it, the amount reduces your taxable sick leave pay. Printable 1040ez form 2011 Do not deduct it separately. Printable 1040ez form 2011 Other compensation. Printable 1040ez form 2011   Many other amounts you receive as compensation for sickness or injury are not taxable. Printable 1040ez form 2011 These include the following amounts. Printable 1040ez form 2011 Compensatory damages you receive for physical injury or physical sickness, whether paid in a lump sum or in periodic payments. Printable 1040ez form 2011 Benefits you receive under an accident or health insurance policy on which either you paid the premiums or your employer paid the premiums but you had to include them in your income. Printable 1040ez form 2011 Disability benefits you receive for loss of income or earning capacity as a result of injuries under a no-fault car insurance policy. Printable 1040ez form 2011 Compensation you receive for permanent loss or loss of use of a part or function of your body, or for your permanent disfigurement. Printable 1040ez form 2011 This compensation must be based only on the injury and not on the period of your absence from work. Printable 1040ez form 2011 These benefits are not taxable even if your employer pays for the accident and health plan that provides these benefits. Printable 1040ez form 2011 Reimbursement for medical care. Printable 1040ez form 2011    A reimbursement for medical care is generally not taxable. Printable 1040ez form 2011 However, it may reduce your medical expense deduction. Printable 1040ez form 2011 For more information, see chapter 21. Printable 1040ez form 2011 Prev  Up  Next   Home   More Online Publications