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Www State Tax Return

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Www State Tax Return

Www state tax return 10. Www state tax return   Retirement Plans, Pensions, and Annuities Table of Contents What's New Reminder IntroductionThe General Rule. Www state tax return Individual retirement arrangements (IRAs). Www state tax return Civil service retirement benefits. Www state tax return Useful Items - You may want to see: General InformationIn-plan rollovers to designated Roth accounts. Www state tax return How To Report Cost (Investment in the Contract) Taxation of Periodic PaymentsExclusion limited to cost. Www state tax return Exclusion not limited to cost. Www state tax return Simplified Method Taxation of Nonperiodic PaymentsLump-Sum Distributions RolloversIn-plan rollovers to designated Roth accounts. Www state tax return Special Additional TaxesTax on Early Distributions Tax on Excess Accumulation Survivors and Beneficiaries What's New For purposes of the Net Investment Income Tax (NIIT), net investment income does not include distributions from a qualified retirement plan (for example, 401(a), 403(a), 403(b), 408, 408A, or 457(b) plans). Www state tax return However, these distributions are taken into account when determining the modified adjusted gross income threshold. Www state tax return Distributions from a nonqualified retirement plan are included in net investment income. Www state tax return See Form 8960, Net Investment Income Tax - Individuals, Estates, and Trusts, and its instructions for more information. Www state tax return Reminder Starting in 2013, the American Taxpayer Relief Act of 2012 expanded the rules for in-plan Roth rollovers to include more taxpayers. Www state tax return For more information, see Designated Roth accounts discussed later. Www state tax return Introduction This chapter discusses the tax treatment of distributions you receive from: An employee pension or annuity from a qualified plan, A disability retirement, and A purchased commercial annuity. Www state tax return What is not covered in this chapter. Www state tax return   The following topics are not discussed in this chapter. Www state tax return The General Rule. Www state tax return   This is the method generally used to determine the tax treatment of pension and annuity income from nonqualified plans (including commercial annuities). Www state tax return For a qualified plan, you generally cannot use the General Rule unless your annuity starting date is before November 19, 1996. Www state tax return For more information about the General Rule, see Publication 939, General Rule for Pensions and Annuities. Www state tax return Individual retirement arrangements (IRAs). Www state tax return   Information on the tax treatment of amounts you receive from an IRA is in chapter 17. Www state tax return Civil service retirement benefits. Www state tax return    If you are retired from the federal government (regular, phased, or disability retirement), see Publication 721, Tax Guide to U. Www state tax return S. Www state tax return Civil Service Retirement Benefits. Www state tax return Publication 721 also covers the information that you need if you are the survivor or beneficiary of a federal employee or retiree who died. Www state tax return Useful Items - You may want to see: Publication 575 Pension and Annuity Income 721 Tax Guide to U. Www state tax return S. Www state tax return Civil Service Retirement Benefits 939 General Rule for Pensions and Annuities Form (and Instructions) W-4P Withholding Certificate for Pension or Annuity Payments 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Www state tax return 4972 Tax on Lump-Sum Distributions 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts General Information Designated Roth accounts. Www state tax return   A designated Roth account is a separate account created under a qualified Roth contribution program to which participants may elect to have part or all of their elective deferrals to a 401(k), 403(b), or 457(b) plan designated as Roth contributions. Www state tax return Elective deferrals that are designated as Roth contributions are included in your income. Www state tax return However, qualified distributions are not included in your income. Www state tax return See Publication 575 for more information. Www state tax return In-plan rollovers to designated Roth accounts. Www state tax return   If you are a participant in a 401(k), 403(b), or 457(b) plan, your plan may permit you to roll over amounts in those plans to a designated Roth account within the same plan. Www state tax return The rollover of any untaxed amounts must be included in income. Www state tax return See Publication 575 for more information. Www state tax return More than one program. Www state tax return   If you receive benefits from more than one program under a single trust or plan of your employer, such as a pension plan and a profit-sharing plan, you may have to figure the taxable part of each pension or annuity contract separately. Www state tax return Your former employer or the plan administrator should be able to tell you if you have more than one pension or annuity contract. Www state tax return Section 457 deferred compensation plans. Www state tax return    If you work for a state or local government or for a tax-exempt organization, you may be able to participate in a section 457 deferred compensation plan. Www state tax return If your plan is an eligible plan, you are not taxed currently on pay that is deferred under the plan or on any earnings from the plan's investment of the deferred pay. Www state tax return You are generally taxed on amounts deferred in an eligible state or local government plan only when they are distributed from the plan. Www state tax return You are taxed on amounts deferred in an eligible tax-exempt organization plan when they are distributed or otherwise made available to you. Www state tax return   Your 457(b) plan may have a designated Roth account option. Www state tax return If so, you may be able to roll over amounts to the designated Roth account or make contributions. Www state tax return Elective deferrals to a designated Roth account are included in your income. Www state tax return Qualified distributions from a designated Roth account are not subject to tax. Www state tax return   This chapter covers the tax treatment of benefits under eligible section 457 plans, but it does not cover the treatment of deferrals. Www state tax return For information on deferrals under section 457 plans, see Retirement Plan Contributions under Employee Compensation in Publication 525, Taxable and Nontaxable Income. Www state tax return   For general information on these deferred compensation plans, see Section 457 Deferred Compensation Plans in Publication 575. Www state tax return Disability pensions. Www state tax return   If you retired on disability, you generally must include in income any disability pension you receive under a plan that is paid for by your employer. Www state tax return You must report your taxable disability payments as wages on line 7 of Form 1040 or Form 1040A until you reach minimum retirement age. Www state tax return Minimum retirement age generally is the age at which you can first receive a pension or annuity if you are not disabled. Www state tax return    You may be entitled to a tax credit if you were permanently and totally disabled when you retired. Www state tax return For information on the credit for the elderly or the disabled, see chapter 33. Www state tax return   Beginning on the day after you reach minimum retirement age, payments you receive are taxable as a pension or annuity. Www state tax return Report the payments on Form 1040, lines 16a and 16b, or on Form 1040A, lines 12a and 12b. Www state tax return    Disability payments for injuries incurred as a direct result of a terrorist attack directed against the United States (or its allies) are not included in income. Www state tax return For more information about payments to survivors of terrorist attacks, see Publication 3920, Tax Relief for Victims of Terrorist Attacks. Www state tax return   For more information on how to report disability pensions, including military and certain government disability pensions, see chapter 5. Www state tax return Retired public safety officers. Www state tax return   An eligible retired public safety officer can elect to exclude from income distributions of up to $3,000 made directly from a government retirement plan to the provider of accident, health, or long-term disability insurance. Www state tax return See Insurance Premiums for Retired Public Safety Officers in Publication 575 for more information. Www state tax return Railroad retirement benefits. Www state tax return   Part of any railroad retirement benefits you receive is treated for tax purposes as social security benefits, and part is treated as an employee pension. Www state tax return For information about railroad retirement benefits treated as social security benefits, see Publication 915, Social Security and Equivalent Railroad Retirement Benefits. Www state tax return For information about railroad retirement benefits treated as an employee pension, see Railroad Retirement Benefits in Publication 575. Www state tax return Withholding and estimated tax. Www state tax return   The payer of your pension, profit-sharing, stock bonus, annuity, or deferred compensation plan will withhold income tax on the taxable parts of amounts paid to you. Www state tax return You can tell the payer how much to withhold, or not to withhold, by filing Form W-4P. Www state tax return If you choose not to have tax withheld, or you do not have enough tax withheld, you may have to pay estimated tax. Www state tax return   If you receive an eligible rollover distribution, you cannot choose not to have tax withheld. Www state tax return Generally, 20% will be withheld, but no tax will be withheld on a direct rollover of an eligible rollover distribution. Www state tax return See Direct rollover option under Rollovers, later. Www state tax return   For more information, see Pensions and Annuities under Tax Withholding for 2014 in chapter 4. Www state tax return Qualified plans for self-employed individuals. Www state tax return   Qualified plans set up by self-employed individuals are sometimes called Keogh or H. Www state tax return R. Www state tax return 10 plans. Www state tax return Qualified plans can be set up by sole proprietors, partnerships (but not a partner), and corporations. Www state tax return They can cover self-employed persons, such as the sole proprietor or partners, as well as regular (common-law) employees. Www state tax return    Distributions from a qualified plan are usually fully taxable because most recipients have no cost basis. Www state tax return If you have an investment (cost) in the plan, however, your pension or annuity payments from a qualified plan are taxed under the Simplified Method. Www state tax return For more information about qualified plans, see Publication 560, Retirement Plans for Small Business. Www state tax return Purchased annuities. Www state tax return   If you receive pension or annuity payments from a privately purchased annuity contract from a commercial organization, such as an insurance company, you generally must use the General Rule to figure the tax-free part of each annuity payment. Www state tax return For more information about the General Rule, get Publication 939. Www state tax return Also, see Variable Annuities in Publication 575 for the special provisions that apply to these annuity contracts. Www state tax return Loans. Www state tax return   If you borrow money from your retirement plan, you must treat the loan as a nonperiodic distribution from the plan unless certain exceptions apply. Www state tax return This treatment also applies to any loan under a contract purchased under your retirement plan, and to the value of any part of your interest in the plan or contract that you pledge or assign. Www state tax return This means that you must include in income all or part of the amount borrowed. Www state tax return Even if you do not have to treat the loan as a nonperiodic distribution, you may not be able to deduct the interest on the loan in some situations. Www state tax return For details, see Loans Treated as Distributions in Publication 575. Www state tax return For information on the deductibility of interest, see chapter 23. Www state tax return Tax-free exchange. Www state tax return   No gain or loss is recognized on an exchange of an annuity contract for another annuity contract if the insured or annuitant remains the same. Www state tax return However, if an annuity contract is exchanged for a life insurance or endowment contract, any gain due to interest accumulated on the contract is ordinary income. Www state tax return See Transfers of Annuity Contracts in Publication 575 for more information about exchanges of annuity contracts. Www state tax return How To Report If you file Form 1040, report your total annuity on line 16a and the taxable part on line 16b. Www state tax return If your pension or annuity is fully taxable, enter it on line 16b; do not make an entry on line 16a. Www state tax return If you file Form 1040A, report your total annuity on line 12a and the taxable part on line 12b. Www state tax return If your pension or annuity is fully taxable, enter it on line 12b; do not make an entry on line 12a. Www state tax return More than one annuity. Www state tax return   If you receive more than one annuity and at least one of them is not fully taxable, enter the total amount received from all annuities on Form 1040, line 16a, or Form 1040A, line 12a, and enter the taxable part on Form 1040, line 16b, or Form 1040A, line 12b. Www state tax return If all the annuities you receive are fully taxable, enter the total of all of them on Form 1040, line 16b, or Form 1040A, line 12b. Www state tax return Joint return. Www state tax return   If you file a joint return and you and your spouse each receive one or more pensions or annuities, report the total of the pensions and annuities on Form 1040, line 16a, or Form 1040A, line 12a, and report the taxable part on Form 1040, line 16b, or Form 1040A, line 12b. Www state tax return Cost (Investment in the Contract) Before you can figure how much, if any, of a distribution from your pension or annuity plan is taxable, you must determine your cost (your investment in the contract) in the pension or annuity. Www state tax return Your total cost in the plan includes the total premiums, contributions, or other amounts you paid. Www state tax return This includes the amounts your employer contributed that were taxable to you when paid. Www state tax return Cost does not include any amounts you deducted or were excluded from your income. Www state tax return From this total cost, subtract any refunds of premiums, rebates, dividends, unrepaid loans that were not included in your income, or other tax-free amounts that you received by the later of the annuity starting date or the date on which you received your first payment. Www state tax return Your annuity starting date is the later of the first day of the first period for which you received a payment or the date the plan's obligations became fixed. Www state tax return Designated Roth accounts. Www state tax return   Your cost in these accounts is your designated Roth contributions that were included in your income as wages subject to applicable withholding requirements. Www state tax return Your cost will also include any in-plan Roth rollovers you included in income. Www state tax return Foreign employment contributions. Www state tax return   If you worked in a foreign country and contributions were made to your retirement plan, special rules apply in determining your cost. Www state tax return See Foreign employment contributions under Cost (Investment in the Contract) in Publication 575. Www state tax return Taxation of Periodic Payments Fully taxable payments. Www state tax return   Generally, if you did not pay any part of the cost of your employee pension or annuity and your employer did not withhold part of the cost from your pay while you worked, the amounts you receive each year are fully taxable. Www state tax return You must report them on your income tax return. Www state tax return Partly taxable payments. Www state tax return   If you paid part of the cost of your pension or annuity, you are not taxed on the part of the pension or annuity you receive that represents a return of your cost. Www state tax return The rest of the amount you receive is generally taxable. Www state tax return You figure the tax-free part of the payment using either the Simplified Method or the General Rule. Www state tax return Your annuity starting date and whether or not your plan is qualified determine which method you must or may use. Www state tax return   If your annuity starting date is after November 18, 1996, and your payments are from a qualified plan, you must use the Simplified Method. Www state tax return Generally, you must use the General Rule if your annuity is paid under a nonqualified plan, and you cannot use this method if your annuity is paid under a qualified plan. Www state tax return   If you had more than one partly taxable pension or annuity, figure the tax-free part and the taxable part of each separately. Www state tax return   If your annuity is paid under a qualified plan and your annuity starting date is after July 1, 1986, and before November 19, 1996, you could have chosen to use either the General Rule or the Simplified Method. Www state tax return Exclusion limit. Www state tax return   Your annuity starting date determines the total amount of annuity payments that you can exclude from your taxable income over the years. Www state tax return Once your annuity starting date is determined, it does not change. Www state tax return If you calculate the taxable portion of your annuity payments using the simplified method worksheet, the annuity starting date determines the recovery period for your cost. Www state tax return That recovery period begins on your annuity starting date and is not affected by the date you first complete the worksheet. Www state tax return Exclusion limited to cost. Www state tax return   If your annuity starting date is after 1986, the total amount of annuity income that you can exclude over the years as a recovery of the cost cannot exceed your total cost. Www state tax return Any unrecovered cost at your (or the last annuitant's) death is allowed as a miscellaneous itemized deduction on the final return of the decedent. Www state tax return This deduction is not subject to the 2%-of-adjusted-gross-income limit. Www state tax return Exclusion not limited to cost. Www state tax return   If your annuity starting date is before 1987, you can continue to take your monthly exclusion for as long as you receive your annuity. Www state tax return If you chose a joint and survivor annuity, your survivor can continue to take the survivor's exclusion figured as of the annuity starting date. Www state tax return The total exclusion may be more than your cost. Www state tax return Simplified Method Under the Simplified Method, you figure the tax-free part of each annuity payment by dividing your cost by the total number of anticipated monthly payments. Www state tax return For an annuity that is payable for the lives of the annuitants, this number is based on the annuitants' ages on the annuity starting date and is determined from a table. Www state tax return For any other annuity, this number is the number of monthly annuity payments under the contract. Www state tax return Who must use the Simplified Method. Www state tax return   You must use the Simplified Method if your annuity starting date is after November 18, 1996, and you both: Receive pension or annuity payments from a qualified employee plan, qualified employee annuity, or a tax-sheltered annuity (403(b)) plan, and On your annuity starting date, you were either under age 75, or entitled to less than 5 years of guaranteed payments. Www state tax return Guaranteed payments. Www state tax return   Your annuity contract provides guaranteed payments if a minimum number of payments or a minimum amount (for example, the amount of your investment) is payable even if you and any survivor annuitant do not live to receive the minimum. Www state tax return If the minimum amount is less than the total amount of the payments you are to receive, barring death, during the first 5 years after payments begin (figured by ignoring any payment increases), you are entitled to less than 5 years of guaranteed payments. Www state tax return How to use the Simplified Method. Www state tax return    Complete the Simplified Method Worksheet in Publication 575 to figure your taxable annuity for 2013. Www state tax return Single-life annuity. Www state tax return    If your annuity is payable for your life alone, use Table 1 at the bottom of the worksheet to determine the total number of expected monthly payments. Www state tax return Enter on line 3 the number shown for your age at the annuity starting date. Www state tax return Multiple-lives annuity. Www state tax return   If your annuity is payable for the lives of more than one annuitant, use Table 2 at the bottom of the worksheet to determine the total number of expected monthly payments. Www state tax return Enter on line 3 the number shown for the combined ages of you and the youngest survivor annuitant at the annuity starting date. Www state tax return   However, if your annuity starting date is before 1998, do not use Table 2 and do not combine the annuitants' ages. Www state tax return Instead you must use Table 1 and enter on line 3 the number shown for the primary annuitant's age on the annuity starting date. Www state tax return    Be sure to keep a copy of the completed worksheet; it will help you figure your taxable annuity next year. Www state tax return Example. Www state tax return Bill Smith, age 65, began receiving retirement benefits in 2013, under a joint and survivor annuity. Www state tax return Bill's annuity starting date is January 1, 2013. Www state tax return The benefits are to be paid for the joint lives of Bill and his wife Kathy, age 65. Www state tax return Bill had contributed $31,000 to a qualified plan and had received no distributions before the annuity starting date. Www state tax return Bill is to receive a retirement benefit of $1,200 a month, and Kathy is to receive a monthly survivor benefit of $600 upon Bill's death. Www state tax return Bill must use the Simplified Method to figure his taxable annuity because his payments are from a qualified plan and he is under age 75. Www state tax return Because his annuity is payable over the lives of more than one annuitant, he uses his and Kathy's combined ages and Table 2 at the bottom of the worksheet in completing line 3 of the worksheet. Www state tax return His completed worksheet is shown in Worksheet 10-A. Www state tax return Bill's tax-free monthly amount is $100 ($31,000 ÷ 310) as shown on line 4 of the worksheet. Www state tax return Upon Bill's death, if Bill has not recovered the full $31,000 investment, Kathy will also exclude $100 from her $600 monthly payment. Www state tax return The full amount of any annuity payments received after 310 payments are paid must be included in gross income. Www state tax return If Bill and Kathy die before 310 payments are made, a miscellaneous itemized deduction will be allowed for the unrecovered cost on the final income tax return of the last to die. Www state tax return This deduction is not subject to the 2%-of-adjusted- gross-income limit. Www state tax return Worksheet 10-A. Www state tax return Simplified Method Worksheet for Bill Smith 1. Www state tax return Enter the total pension or annuity payments received this year. Www state tax return Also, add this amount to the total for Form 1040, line 16a, or Form 1040A, line 12a 1. Www state tax return 14,400 2. Www state tax return Enter your cost in the plan (contract) at the annuity starting date plus any death benefit exclusion*. Www state tax return See Cost (Investment in the Contract) , earlier 2. Www state tax return 31,000       Note: If your annuity starting date was before this year and you completed this worksheet last year, skip line 3 and enter the amount from line 4 of last year's worksheet on line 4 below (even if the amount of your pension or annuity has changed). Www state tax return Otherwise, go to line 3. Www state tax return         3. Www state tax return Enter the appropriate number from Table 1 below. Www state tax return But if your annuity starting date was after 1997 and the payments are for your life and that of your beneficiary, enter the appropriate number from Table 2 below 3. Www state tax return 310     4. Www state tax return Divide line 2 by the number on line 3 4. Www state tax return 100     5. Www state tax return Multiply line 4 by the number of months for which this year's payments were made. Www state tax return If your annuity starting date was before 1987, enter this amount on line 8 below and skip lines 6, 7, 10, and 11. Www state tax return Otherwise, go to line 6 5. Www state tax return 1,200     6. Www state tax return Enter any amounts previously recovered tax free in years after 1986. Www state tax return This is the amount shown on line 10 of your worksheet for last year 6. Www state tax return -0-     7. Www state tax return Subtract line 6 from line 2 7. Www state tax return 31,000     8. Www state tax return Enter the smaller of line 5 or line 7 8. Www state tax return 1,200 9. Www state tax return Taxable amount for year. Www state tax return Subtract line 8 from line 1. Www state tax return Enter the result, but not less than zero. Www state tax return Also, add this amount to the total for Form 1040, line 16b, or Form 1040A, line 12b 9. Www state tax return 13,200   Note: If your Form 1099-R shows a larger taxable amount, use the amount figured on this line instead. Www state tax return If you are a retired public safety officer, see Insurance Premiums for Retired Public Safety Officers in Publication 575 before entering an amount on your tax return. Www state tax return     10. Www state tax return Was your annuity starting date before 1987? □ Yes. Www state tax return STOP. Www state tax return Do not complete the rest of this worksheet. Www state tax return  ☑ No. Www state tax return Add lines 6 and 8. Www state tax return This is the amount you have recovered tax free through 2013. Www state tax return You will need this number if you need to fill out this worksheet next year 10. Www state tax return 1,200 11. Www state tax return Balance of cost to be recovered. Www state tax return Subtract line 10 from line 2. Www state tax return If zero, you will not have to complete this worksheet next year. Www state tax return The payments you receive next year will generally be fully taxable 11. Www state tax return 29,800 TABLE 1 FOR LINE 3 ABOVE   AND your annuity starting date was— IF the age at annuity starting date was. Www state tax return . Www state tax return . Www state tax return before November 19, 1996, enter on line 3. Www state tax return . Www state tax return . Www state tax return after November 18, 1996, enter on line 3. Www state tax return . Www state tax return . Www state tax return 55 or under 300 360 56–60 260 310 61–65 240 260 66–70 170 210 71 or older 120 160 TABLE 2 FOR LINE 3 ABOVE IF the combined ages at annuity starting date were. Www state tax return . Www state tax return . Www state tax return   THEN enter on line 3. Www state tax return . Www state tax return . Www state tax return 110 or under   410 111–120   360 121–130   310 131–140   260 141 or older   210 * A death benefit exclusion (up to $5,000) applied to certain benefits received by employees who died before August 21, 1996. Www state tax return Who must use the General Rule. Www state tax return   You must use the General Rule if you receive pension or annuity payments from: A nonqualified plan (such as a private annuity, a purchased commercial annuity, or a nonqualified employee plan), or A qualified plan if you are age 75 or older on your annuity starting date and your annuity payments are guaranteed for at least 5 years. Www state tax return Annuity starting before November 19, 1996. Www state tax return   If your annuity starting date is after July 1, 1986, and before November 19, 1996, you had to use the General Rule for either circumstance just described. Www state tax return You also had to use it for any fixed-period annuity. Www state tax return If you did not have to use the General Rule, you could have chosen to use it. Www state tax return If your annuity starting date is before July 2, 1986, you had to use the General Rule unless you could use the Three-Year Rule. Www state tax return   If you had to use the General Rule (or chose to use it), you must continue to use it each year that you recover your cost. Www state tax return Who cannot use the General Rule. Www state tax return   You cannot use the General Rule if you receive your pension or annuity from a qualified plan and none of the circumstances described in the preceding discussions apply to you. Www state tax return See Who must use the Simplified Method , earlier. Www state tax return More information. Www state tax return   For complete information on using the General Rule, including the actuarial tables you need, see Publication 939. Www state tax return Taxation of Nonperiodic Payments Nonperiodic distributions are also known as amounts not received as an annuity. Www state tax return They include all payments other than periodic payments and corrective distributions. Www state tax return Examples of nonperiodic payments are cash withdrawals, distributions of current earnings, certain loans, and the value of annuity contracts transferred without full and adequate consideration. Www state tax return Corrective distributions of excess plan contributions. Www state tax return   Generally, if the contributions made for you during the year to certain retirement plans exceed certain limits, the excess is taxable to you. Www state tax return To correct an excess, your plan may distribute it to you (along with any income earned on the excess). Www state tax return For information on plan contribution limits and how to report corrective distributions of excess contributions, see Retirement Plan Contributions under Employee Compensation in Publication 525. Www state tax return Figuring the taxable amount of nonperiodic payments. Www state tax return   How you figure the taxable amount of a nonperiodic distribution depends on whether it is made before the annuity starting date, or on or after the annuity starting date. Www state tax return If it is made before the annuity starting date, its tax treatment also depends on whether it is made under a qualified or nonqualified plan. Www state tax return If it is made under a nonqualified plan, its tax treatment depends on whether it fully discharges the contract, is received under certain life insurance or endowment contracts, or is allocable to an investment you made before August 14, 1982. Www state tax return Annuity starting date. Www state tax return   The annuity starting date is either the first day of the first period for which you receive an annuity payment under the contract or the date on which the obligation under the contract becomes fixed, whichever is later. Www state tax return Distribution on or after annuity starting date. Www state tax return   If you receive a nonperiodic payment from your annuity contract on or after the annuity starting date, you generally must include all of the payment in gross income. Www state tax return Distribution before annuity starting date. Www state tax return   If you receive a nonperiodic distribution before the annuity starting date from a qualified retirement plan, you generally can allocate only part of it to the cost of the contract. Www state tax return You exclude from your gross income the part that you allocate to the cost. Www state tax return You include the remainder in your gross income. Www state tax return   If you receive a nonperiodic distribution before the annuity starting date from a plan other than a qualified retirement plan (nonqualified plan), it is allocated first to earnings (the taxable part) and then to the cost of the contract (the tax-free part). Www state tax return This allocation rule applies, for example, to a commercial annuity contract you bought directly from the issuer. Www state tax return    Distributions from nonqualified plans are subject to the net investment income tax. Www state tax return See the Instructions for Form 8960. Www state tax return   For more information, see Figuring the Taxable Amount under Taxation of Nonperiodic Payments in Publication 575. Www state tax return Lump-Sum Distributions This section on lump-sum distributions only applies if the plan participant was born before January 2, 1936. Www state tax return If the plan participant was born after January 1, 1936, the taxable amount of this nonperiodic payment is reported as discussed earlier. Www state tax return A lump-sum distribution is the distribution or payment in one tax year of a plan participant's entire balance from all of the employer's qualified plans of one kind (for example, pension, profit-sharing, or stock bonus plans). Www state tax return A distribution from a nonqualified plan (such as a privately purchased commercial annuity or a section 457 deferred compensation plan of a state or local government or tax-exempt organization) cannot qualify as a lump-sum distribution. Www state tax return The participant's entire balance from a plan does not include certain forfeited amounts. Www state tax return It also does not include any deductible voluntary employee contributions allowed by the plan after 1981 and before 1987. Www state tax return For more information about distributions that do not qualify as lump-sum distributions, see Distributions that do not qualify under Lump-Sum Distributions in Publication 575. Www state tax return If you receive a lump-sum distribution from a qualified employee plan or qualified employee annuity and the plan participant was born before January 2, 1936, you may be able to elect optional methods of figuring the tax on the distribution. Www state tax return The part from active participation in the plan before 1974 may qualify as capital gain subject to a 20% tax rate. Www state tax return The part from participation after 1973 (and any part from participation before 1974 that you do not report as capital gain) is ordinary income. Www state tax return You may be able to use the 10-year tax option, discussed later, to figure tax on the ordinary income part. Www state tax return Use Form 4972 to figure the separate tax on a lump-sum distribution using the optional methods. Www state tax return The tax figured on Form 4972 is added to the regular tax figured on your other income. Www state tax return This may result in a smaller tax than you would pay by including the taxable amount of the distribution as ordinary income in figuring your regular tax. Www state tax return How to treat the distribution. Www state tax return   If you receive a lump-sum distribution, you may have the following options for how you treat the taxable part. Www state tax return Report the part of the distribution from participation before 1974 as a capital gain (if you qualify) and the part from participation after 1973 as ordinary income. Www state tax return Report the part of the distribution from participation before 1974 as a capital gain (if you qualify) and use the 10-year tax option to figure the tax on the part from participation after 1973 (if you qualify). Www state tax return Use the 10-year tax option to figure the tax on the total taxable amount (if you qualify). Www state tax return Roll over all or part of the distribution. Www state tax return See Rollovers , later. Www state tax return No tax is currently due on the part rolled over. Www state tax return Report any part not rolled over as ordinary income. Www state tax return Report the entire taxable part of the distribution as ordinary income on your tax return. Www state tax return   The first three options are explained in the following discussions. Www state tax return Electing optional lump-sum treatment. Www state tax return   You can choose to use the 10-year tax option or capital gain treatment only once after 1986 for any plan participant. Www state tax return If you make this choice, you cannot use either of these optional treatments for any future distributions for the participant. Www state tax return Taxable and tax-free parts of the distribution. Www state tax return    The taxable part of a lump-sum distribution is the employer's contributions and income earned on your account. Www state tax return You may recover your cost in the lump sum and any net unrealized appreciation (NUA) in employer securities tax free. Www state tax return Cost. Www state tax return   In general, your cost is the total of: The plan participant's nondeductible contributions to the plan, The plan participant's taxable costs of any life insurance contract distributed, Any employer contributions that were taxable to the plan participant, and Repayments of any loans that were taxable to the plan participant. Www state tax return You must reduce this cost by amounts previously distributed tax free. Www state tax return Net unrealized appreciation (NUA). Www state tax return   The NUA in employer securities (box 6 of Form 1099-R) received as part of a lump-sum distribution is generally tax free until you sell or exchange the securities. Www state tax return (For more information, see Distributions of employer securities under Taxation of Nonperiodic Payments in Publication 575. Www state tax return ) Capital Gain Treatment Capital gain treatment applies only to the taxable part of a lump-sum distribution resulting from participation in the plan before 1974. Www state tax return The amount treated as capital gain is taxed at a 20% rate. Www state tax return You can elect this treatment only once for any plan participant, and only if the plan participant was born before January 2, 1936. Www state tax return Complete Part II of Form 4972 to choose the 20% capital gain election. Www state tax return For more information, see Capital Gain Treatment under Lump-Sum Distributions in Publication 575. Www state tax return 10-Year Tax Option The 10-year tax option is a special formula used to figure a separate tax on the ordinary income part of a lump-sum distribution. Www state tax return You pay the tax only once, for the year in which you receive the distribution, not over the next 10 years. Www state tax return You can elect this treatment only once for any plan participant, and only if the plan participant was born before January 2, 1936. Www state tax return The ordinary income part of the distribution is the amount shown in box 2a of the Form 1099-R given to you by the payer, minus the amount, if any, shown in box 3. Www state tax return You also can treat the capital gain part of the distribution (box 3 of Form 1099-R) as ordinary income for the 10-year tax option if you do not choose capital gain treatment for that part. Www state tax return Complete Part III of Form 4972 to choose the 10-year tax option. Www state tax return You must use the special Tax Rate Schedule shown in the instructions for Part III to figure the tax. Www state tax return Publication 575 illustrates how to complete Form 4972 to figure the separate tax. Www state tax return Rollovers If you withdraw cash or other assets from a qualified retirement plan in an eligible rollover distribution, you can defer tax on the distribution by rolling it over to another qualified retirement plan or a traditional IRA. Www state tax return For this purpose, the following plans are qualified retirement plans. Www state tax return A qualified employee plan. Www state tax return A qualified employee annuity. Www state tax return A tax-sheltered annuity plan (403(b) plan). Www state tax return An eligible state or local government section 457 deferred compensation plan. Www state tax return Eligible rollover distributions. Www state tax return   Generally, an eligible rollover distribution is any distribution of all or any part of the balance to your credit in a qualified retirement plan. Www state tax return For information about exceptions to eligible rollover distributions, see Publication 575. Www state tax return Rollover of nontaxable amounts. Www state tax return   You may be able to roll over the nontaxable part of a distribution (such as your after-tax contributions) made to another qualified retirement plan that is a qualified employee plan or a 403(b) plan, or to a traditional or Roth IRA. Www state tax return The transfer must be made either through a direct rollover to a qualified plan or 403(b) plan that separately accounts for the taxable and nontaxable parts of the rollover or through a rollover to a traditional or Roth IRA. Www state tax return   If you roll over only part of a distribution that includes both taxable and nontaxable amounts, the amount you roll over is treated as coming first from the taxable part of the distribution. Www state tax return   Any after-tax contributions that you roll over into your traditional IRA become part of your basis (cost) in your IRAs. Www state tax return To recover your basis when you take distributions from your IRA, you must complete Form 8606 for the year of the distribution. Www state tax return For more information, see the Form 8606 instructions. Www state tax return Direct rollover option. Www state tax return   You can choose to have any part or all of an eligible rollover distribution paid directly to another qualified retirement plan that accepts rollover distributions or to a traditional or Roth IRA. Www state tax return If you choose the direct rollover option, or have an automatic rollover, no tax will be withheld from any part of the distribution that is directly paid to the trustee of the other plan. Www state tax return Payment to you option. Www state tax return   If an eligible rollover distribution is paid to you, 20% generally will be withheld for income tax. Www state tax return However, the full amount is treated as distributed to you even though you actually receive only 80%. Www state tax return You generally must include in income any part (including the part withheld) that you do not roll over within 60 days to another qualified retirement plan or to a traditional or Roth IRA. Www state tax return (See Pensions and Annuities under Tax Withholding for 2014 in chapter 4. Www state tax return )    If you decide to roll over an amount equal to the distribution before withholding, your contribution to the new plan or IRA must include other money (for example, from savings or amounts borrowed) to replace the amount withheld. Www state tax return Time for making rollover. Www state tax return   You generally must complete the rollover of an eligible rollover distribution paid to you by the 60th day following the day on which you receive the distribution from your employer's plan. Www state tax return (If an amount distributed to you becomes a frozen deposit in a financial institution during the 60-day period after you receive it, the rollover period is extended for the period during which the distribution is in a frozen deposit in a financial institution. Www state tax return )   The IRS may waive the 60-day requirement where the failure to do so would be against equity or good conscience, such as in the event of a casualty, disaster, or other event beyond your reasonable control. Www state tax return   The administrator of a qualified plan must give you a written explanation of your distribution options within a reasonable period of time before making an eligible rollover distribution. Www state tax return Qualified domestic relations order (QDRO). Www state tax return   You may be able to roll over tax free all or part of a distribution from a qualified retirement plan that you receive under a QDRO. Www state tax return If you receive the distribution as an employee's spouse or former spouse (not as a nonspousal beneficiary), the rollover rules apply to you as if you were the employee. Www state tax return You can roll over the distribution from the plan into a traditional IRA or to another eligible retirement plan. Www state tax return See Rollovers in Publication 575 for more information on benefits received under a QDRO. Www state tax return Rollover by surviving spouse. Www state tax return   You may be able to roll over tax free all or part of a distribution from a qualified retirement plan you receive as the surviving spouse of a deceased employee. Www state tax return The rollover rules apply to you as if you were the employee. Www state tax return You can roll over a distribution into a qualified retirement plan or a traditional or Roth IRA. Www state tax return For a rollover to a Roth IRA, see Rollovers to Roth IRAs , later. Www state tax return    A distribution paid to a beneficiary other than the employee's surviving spouse is generally not an eligible rollover distribution. Www state tax return However, see Rollovers by nonspouse beneficiary next. Www state tax return Rollovers by nonspouse beneficiary. Www state tax return   If you are a designated beneficiary (other than a surviving spouse) of a deceased employee, you may be able to roll over tax free all or a portion of a distribution you receive from an eligible retirement plan of the employee. Www state tax return The distribution must be a direct trustee-to-trustee transfer to your traditional or Roth IRA that was set up to receive the distribution. Www state tax return The transfer will be treated as an eligible rollover distribution and the receiving plan will be treated as an inherited IRA. Www state tax return For information on inherited IRAs, see What if You Inherit an IRA? in chapter 1 of Publication 590, Individual Retirement Arrangements (IRAs). Www state tax return Retirement bonds. Www state tax return   If you redeem retirement bonds purchased under a qualified bond purchase plan, you can roll over the proceeds that exceed your basis tax free into an IRA (as discussed in Publication 590) or a qualified employer plan. Www state tax return Designated Roth accounts. Www state tax return   You can roll over an eligible rollover distribution from a designated Roth account into another designated Roth account or a Roth IRA. Www state tax return If you want to roll over the part of the distribution that is not included in income, you must make a direct rollover of the entire distribution or you can roll over the entire amount (or any portion) to a Roth IRA. Www state tax return For more information on rollovers from designated Roth accounts, see Rollovers in Publication 575. Www state tax return In-plan rollovers to designated Roth accounts. Www state tax return   If you are a plan participant in a 401(k), 403(b), or 457(b) plan, your plan may permit you to roll over amounts in those plans to a designated Roth account within the same plan. Www state tax return The rollover of any untaxed amounts must be included in income. Www state tax return See Designated Roth accounts under Rollovers in Publication 575 for more information. Www state tax return Rollovers to Roth IRAs. Www state tax return   You can roll over distributions directly from a qualified retirement plan (other than a designated Roth account) to a Roth IRA. Www state tax return   You must include in your gross income distributions from a qualified retirement plan (other than a designated Roth account) that you would have had to include in income if you had not rolled them over into a Roth IRA. Www state tax return You do not include in gross income any part of a distribution from a qualified retirement plan that is a return of contributions to the plan that were taxable to you when paid. Www state tax return In addition, the 10% tax on early distributions does not apply. Www state tax return More information. Www state tax return   For more information on the rules for rolling over distributions, see Rollovers in Publication 575. Www state tax return Special Additional Taxes To discourage the use of pension funds for purposes other than normal retirement, the law imposes additional taxes on early distributions of those funds and on failures to withdraw the funds timely. Www state tax return Ordinarily, you will not be subject to these taxes if you roll over all early distributions you receive, as explained earlier, and begin drawing out the funds at a normal retirement age, in reasonable amounts over your life expectancy. Www state tax return These special additional taxes are the taxes on: Early distributions, and Excess accumulation (not receiving minimum distributions). Www state tax return These taxes are discussed in the following sections. Www state tax return If you must pay either of these taxes, report them on Form 5329. Www state tax return However, you do not have to file Form 5329 if you owe only the tax on early distributions and your Form 1099-R correctly shows a “1” in box 7. Www state tax return Instead, enter 10% of the taxable part of the distribution on Form 1040, line 58 and write “No” under the heading “Other Taxes” to the left of line 58. Www state tax return Even if you do not owe any of these taxes, you may have to complete Form 5329 and attach it to your Form 1040. Www state tax return This applies if you meet an exception to the tax on early distributions but box 7 of your Form 1099-R does not indicate an exception. Www state tax return Tax on Early Distributions Most distributions (both periodic and nonperiodic) from qualified retirement plans and nonqualified annuity contracts made to you before you reach age 59½ are subject to an additional tax of 10%. Www state tax return This tax applies to the part of the distribution that you must include in gross income. Www state tax return For this purpose, a qualified retirement plan is: A qualified employee plan, A qualified employee annuity plan, A tax-sheltered annuity plan, or An eligible state or local government section 457 deferred compensation plan (to the extent that any distribution is attributable to amounts the plan received in a direct transfer or rollover from one of the other plans listed here or an IRA). Www state tax return 5% rate on certain early distributions from deferred annuity contracts. Www state tax return   If an early withdrawal from a deferred annuity is otherwise subject to the 10% additional tax, a 5% rate may apply instead. Www state tax return A 5% rate applies to distributions under a written election providing a specific schedule for the distribution of your interest in the contract if, as of March 1, 1986, you had begun receiving payments under the election. Www state tax return On line 4 of Form 5329, multiply the line 3 amount by 5% instead of 10%. Www state tax return Attach an explanation to your return. Www state tax return Distributions from Roth IRAs allocable to a rollover from an eligible retirement plan within the 5-year period. Www state tax return   If, within the 5-year period starting with the first day of your tax year in which you rolled over an amount from an eligible retirement plan to a Roth IRA, you take a distribution from the Roth IRA, you may have to pay the additional 10% tax on early distributions. Www state tax return You generally must pay the 10% additional tax on any amount attributable to the part of the rollover that you had to include in income. Www state tax return The additional tax is figured on Form 5329. Www state tax return For more information, see Form 5329 and its instructions. Www state tax return For information on qualified distributions from Roth IRAs, see Additional Tax on Early Distributions in chapter 2 of Publication 590. Www state tax return Distributions from designated Roth accounts allocable to in-plan Roth rollovers within the 5-year period. Www state tax return   If, within the 5-year period starting with the first day of your tax year in which you rolled over an amount from a 401(k), 403(b), or 457(b) plan to a designated Roth account, you take a distribution from the designated Roth account, you may have to pay the additional 10% tax on early distributions. Www state tax return You generally must pay the 10% additional tax on any amount attributable to the part of the in-plan rollover that you had to include in income. Www state tax return The additional tax is figured on Form 5329. Www state tax return For more information, see Form 5329 and its instructions. Www state tax return For information on qualified distributions from designated Roth accounts, see Designated Roth accounts under Taxation of Periodic Payments in Publication 575. Www state tax return Exceptions to tax. Www state tax return    Certain early distributions are excepted from the early distribution tax. Www state tax return If the payer knows that an exception applies to your early distribution, distribution code “2,” “3,” or “4” should be shown in box 7 of your Form 1099-R and you do not have to report the distribution on Form 5329. Www state tax return If an exception applies but distribution code “1” (early distribution, no known exception) is shown in box 7, you must file Form 5329. Www state tax return Enter the taxable amount of the distribution shown in box 2a of your Form 1099-R on line 1 of Form 5329. Www state tax return On line 2, enter the amount that can be excluded and the exception number shown in the Form 5329 instructions. Www state tax return    If distribution code “1” is incorrectly shown on your Form 1099-R for a distribution received when you were age 59½ or older, include that distribution on Form 5329. Www state tax return Enter exception number “12” on line 2. Www state tax return General exceptions. Www state tax return   The tax does not apply to distributions that are: Made as part of a series of substantially equal periodic payments (made at least annually) for your life (or life expectancy) or the joint lives (or joint life expectancies) of you and your designated beneficiary (if from a qualified retirement plan, the payments must begin after your separation from service), Made because you are totally and permanently disabled, or Made on or after the death of the plan participant or contract holder. Www state tax return Additional exceptions for qualified retirement plans. Www state tax return   The tax does not apply to distributions that are: From a qualified retirement plan (other than an IRA) after your separation from service in or after the year you reached age 55 (age 50 for qualified public safety employees), From a qualified retirement plan (other than an IRA) to an alternate payee under a qualified domestic relations order, From a qualified retirement plan to the extent you have deductible medical expenses that exceed 10% (or 7. Www state tax return 5% if you or your spouse are age 65 or older) of your adjusted gross income, whether or not you itemize your deductions for the year, From an employer plan under a written election that provides a specific schedule for distribution of your entire interest if, as of March 1, 1986, you had separated from service and had begun receiving payments under the election, From an employee stock ownership plan for dividends on employer securities held by the plan, From a qualified retirement plan due to an IRS levy of the plan, From elective deferral accounts under 401(k) or 403(b) plans or similar arrangements that are qualified reservist distributions, or Phased retirement annuity payments made to federal employees. Www state tax return See Pub. Www state tax return 721 for more information on the phased retirement program. Www state tax return Qualified public safety employees. Www state tax return   If you are a qualified public safety employee, distributions made from a governmental defined benefit pension plan are not subject to the additional tax on early distributions. Www state tax return You are a qualified public safety employee if you provide police protection, firefighting services, or emergency medical services for a state or municipality, and you separated from service in or after the year you attained age 50. Www state tax return Qualified reservist distributions. Www state tax return   A qualified reservist distribution is not subject to the additional tax on early distributions. Www state tax return A qualified reservist distribution is a distribution (a) from elective deferrals under a section 401(k) or 403(b) plan, or a similar arrangement, (b) to an individual ordered or called to active duty (because he or she is a member of a reserve component) for a period of more than 179 days or for an indefinite period, and (c) made during the period beginning on the date of the order or call and ending at the close of the active duty period. Www state tax return You must have been ordered or called to active duty after September 11, 2001. Www state tax return For more information, see Qualified reservist distributions under Special Additional Taxes in Publication 575. Www state tax return Additional exceptions for nonqualified annuity contracts. Www state tax return   The tax does not apply to distributions from: A deferred annuity contract to the extent allocable to investment in the contract before August 14, 1982, A deferred annuity contract under a qualified personal injury settlement, A deferred annuity contract purchased by your employer upon termination of a qualified employee plan or qualified employee annuity plan and held by your employer until your separation from service, or An immediate annuity contract (a single premium contract providing substantially equal annuity payments that start within 1 year from the date of purchase and are paid at least annually). Www state tax return Tax on Excess Accumulation To make sure that most of your retirement benefits are paid to you during your lifetime, rather than to your beneficiaries after your death, the payments that you receive from qualified retirement plans must begin no later than your required beginning date (defined later). Www state tax return The payments each year cannot be less than the required minimum distribution. Www state tax return Required distributions not made. Www state tax return   If the actual distributions to you in any year are less than the minimum required distribution for that year, you are subject to an additional tax. Www state tax return The tax equals 50% of the part of the required minimum distribution that was not distributed. Www state tax return   For this purpose, a qualified retirement plan includes: A qualified employee plan, A qualified employee annuity plan, An eligible section 457 deferred compensation plan, or A tax-sheltered annuity plan (403(b) plan)(for benefits accruing after 1986). Www state tax return Waiver. Www state tax return   The tax may be waived if you establish that the shortfall in distributions was due to reasonable error and that reasonable steps are being taken to remedy the shortfall. Www state tax return See the Instructions for Form 5329 for the procedure to follow if you believe you qualify for a waiver of this tax. Www state tax return State insurer delinquency proceedings. Www state tax return   You might not receive the minimum distribution because assets are invested in a contract issued by an insurance company in state insurer delinquency proceedings. Www state tax return If your payments are reduced below the minimum due to these proceedings, you should contact your plan administrator. Www state tax return Under certain conditions, you will not have to pay the 50% excise tax. Www state tax return Required beginning date. Www state tax return   Unless the rule for 5% owners applies, you generally must begin to receive distributions from your qualified retirement plan by April 1 of the year that follows the later of: The calendar year in which you reach age 70½, or The calendar year in which you retire from employment with the employer maintaining the plan. Www state tax return However, your plan may require you to begin to receive distributions by April 1 of the year that follows the year in which you reach age 70½, even if you have not retired. Www state tax return   If you reached age 70½ in 2013, you may be required to receive your first distribution by April 1, 2014. Www state tax return Your required distribution then must be made for 2014 by December 31, 2014. Www state tax return 5% owners. Www state tax return   If you are a 5% owner, you must begin to receive distributions by April 1 of the year that follows the calendar year in which you reach age 70½. Www state tax return   You are a 5% owner if, for the plan year ending in the calendar year in which you reach age 70½, you own (or are considered to own under section 318 of the Internal Revenue Code) more than 5% of the outstanding stock (or more than 5% of the total voting power of all stock) of the employer, or more than 5% of the capital or profits interest in the employer. Www state tax return Age 70½. Www state tax return   You reach age 70½ on the date that is 6 calendar months after the date of your 70th birthday. Www state tax return   For example, if you are retired and your 70th birthday was on June 30, 2013, you were age 70½ on December 30, 2013. Www state tax return If your 70th birthday was on July 1, 2013, you reached age 70½ on January 1, 2014. Www state tax return Required distributions. Www state tax return   By the required beginning date, as explained earlier, you must either: Receive your entire interest in the plan (for a tax-sheltered annuity, your entire benefit accruing after 1986), or Begin receiving periodic distributions in annual amounts calculated to distribute your entire interest (for a tax-sheltered annuity, your entire benefit accruing after 1986) over your life or life expectancy or over the joint lives or joint life expectancies of you and a designated beneficiary (or over a shorter period). Www state tax return Additional information. Www state tax return   For more information on this rule, see Tax on Excess Accumulation in Publication 575. Www state tax return Form 5329. Www state tax return   You must file Form 5329 if you owe tax because you did not receive a minimum required distribution from your qualified retirement plan. Www state tax return Survivors and Beneficiaries Generally, a survivor or beneficiary reports pension or annuity income in the same way the plan participant would have. Www state tax return However, some special rules apply. Www state tax return See Publication 575 for more information. Www state tax return Survivors of employees. Www state tax return   If you are entitled to receive a survivor annuity on the death of an employee who died, you can exclude part of each annuity payment as a tax-free recovery of the employee's investment in the contract. Www state tax return You must figure the taxable and tax-free parts of your annuity payments using the method that applies as if you were the employee. Www state tax return Survivors of retirees. Www state tax return   If you receive benefits as a survivor under a joint and survivor annuity, include those benefits in income in the same way the retiree would have included them in income. Www state tax return If you receive a survivor annuity because of the death of a retiree who had reported the annuity under the Three-Year Rule and recovered all of the cost tax free, your survivor payments are fully taxable. Www state tax return    If the retiree was reporting the annuity payments under the General Rule, you must apply the same exclusion percentage to your initial survivor annuity payment called for in the contract. Www state tax return The resulting tax-free amount will then remain fixed. Www state tax return Any increases in the survivor annuity are fully taxable. Www state tax return    If the retiree was reporting the annuity payments under the Simplified Method, the part of each payment that is tax free is the same as the tax-free amount figured by the retiree at the annuity starting date. Www state tax return This amount remains fixed even if the annuity payments are increased or decreased. Www state tax return See Simplified Method , earlier. Www state tax return   In any case, if the annuity starting date is after 1986, the total exclusion over the years cannot be more than the cost. Www state tax return Estate tax deduction. Www state tax return   If your annuity was a joint and survivor annuity that was included in the decedent's estate, an estate tax may have been paid on it. Www state tax return You can deduct the part of the total estate tax that was based on the annuity. Www state tax return The deceased annuitant must have died after the annuity starting date. Www state tax return (For details, see section 1. Www state tax return 691(d)-1 of the regulations. Www state tax return ) Deduct it in equal amounts over your remaining life expectancy. Www state tax return   If the decedent died before the annuity starting date of a deferred annuity contract and you receive a death benefit under that contract, the amount you receive (either in a lump sum or as periodic payments) in excess of the decedent's cost is included in your gross income as income in respect of a decedent for which you may be able to claim an estate tax deduction. Www state tax return   You can take the estate tax deduction as an itemized deduction on Schedule A, Form 1040. Www state tax return This deduction is not subject to the 2%-of-adjusted-gross-income limit on miscellaneous deductions. Www state tax return See Publication 559, Survivors, Executors, and Administrators, for more information on the estate tax deduction. Www state tax return Prev  Up  Next   Home   More Online Publications
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Change of Address – Online Forms

Are you moving? Report your change of address to continue receiving mail and government benefits. We list the change of address forms online, so you can find everything you need in one place, including the USPS (U.S. Postal Service) form.


U.S. Postal Service: Forward Your Mail

  • Change Your Address Online  – Change your address online for a $1 fee if you have a credit card and valid e-mail address. You can also print the form and then mail or deliver it to your local post office to change your address for free. After changing your address, the U.S. Postal Service will forward your mail to your new address for up to one year.
  • Locate a Post Office  – Find your local post office to pick up or drop off a change of address form.

Other Federal Agencies

  • Internal Revenue Service (PDF)  – Change your address with the IRS if you are expecting a tax refund or other mail. You can also change your address with the IRS by writing your new address in the appropriate boxes on your tax return when you file.
  • Social Security Administration  – If you receive benefits or have Medicare, you can use your mySocialSecurity account to report a change of address. If you don't receive benefits, contact Social Security at 1-800-772-1213 (TTY 1-800-325-0778).
  • Department of Veterans Affairs (PDF)  – Change your address if you are a veteran who receives benefit payments or you wish to update your records.
  • U.S. Citizenship and Immigration Services  – If you are a non-U.S. citizen who is required to register with USCIS, then you need to let them know if you move.

State Agencies

  • Driver's License  – Contact your state if you need to change your address on your driver's license or motor vehicle registration.
  • Voter Registration  – Contact your state's election office if you want to change your address on your voter registration record.

The Www State Tax Return

Www state tax return Publication 547(SP) - Introductory Material Table of Contents Qué Hay de Nuevo Recordatorios IntroductionCómo pedir formularios y publicaciones. Www state tax return Preguntas sobre los impuestos. Www state tax return Useful Items - You may want to see: Qué Hay de Nuevo Nueva Sección C en el Formulario 4684 para esquemas de inversión de tipo Ponzi (Ponzi-type schemes). Www state tax return  La Sección C del Formulario 4684 (disponible en inglés) es nueva para el año 2013. Www state tax return Usted debe completar la Seción C si está reclamando una deducción de pérdida por robo debido a un esquema de inversión de tipo Ponzi (Ponzi-type scheme) y estará usando el Procedimiento Tributario (Revenue Procedure) 2009-20, según modificado por el Procedimiento Tributario (Revenue Procedure) 2011-58. Www state tax return La Sección C del Formulario 4864 reemplaza el Anexo A del Procedimiento Tributario (Revenue Procedure) 2009-20. Www state tax return No necesita completar el Anexo A. Www state tax return Para más información, vea Pérdidas provenientes de esquemas de inversión de tipo Ponzi (Ponzi-type schemes) , más adelante. Www state tax return Recordatorios Acontecimientos futuros. Www state tax return  Si desea obtener la información más reciente sobre los acontecimientos relacionados con la Publicación 547(SP), tal como legislación promulgada después que ésta fue impresa, acceda a www. Www state tax return irs. Www state tax return gov/Spanish/About-Publication-547(SP). Www state tax return Fotografías de niños desaparecidos. Www state tax return  El Servicio de Impuestos Internos (IRS, por sus siglas en inglés) se enorgullece en colaborar con el Centro Nacional de Niños Desaparecidos y Explotados (National Center for Missing and Exploited Children). Www state tax return En esta publicación, pueden aparecer fotografías de niños desaparecidos que han sido seleccionadas por el Centro. Www state tax return Estas fotografías aparecen en páginas que de otra manera estarían en blanco. Www state tax return Usted puede ayudar a que estos niños regresen a sus hogares si identifica alguno de ellos y llama gratis al 1-800-THE-LOST (1-800-843-5678). Www state tax return Introduction Esta publicación explica el trato tributario de casos de hechos fortuitos, robos y pérdidas de depósitos monetarios. Www state tax return Un hecho fortuito ocurre cuando su propiedad resulta dañada por causa de algún desastre, como por ejemplo, una tormenta, un incendio, un accidente automovilístico u otro suceso de esta índole. Www state tax return Un robo ocurre cuando alguien hurta sus bienes. Www state tax return La pérdida de depósitos monetarios ocurre cuando su institución bancaria se declara insolvente o en quiebra (bancarrota). Www state tax return Esta publicación aborda los siguientes temas: Definiciones de hecho fortuito, robo y pérdida de depósitos monetarios. Www state tax return Cómo calcular el monto de su pérdida o ganancia. Www state tax return Cómo se tratan tributariamente seguros y otros reembolsos que reciba. Www state tax return Límites de la deducción. Www state tax return Cómo y cuándo declarar un caso de hecho fortuito o robo. Www state tax return Reglas especiales para pérdidas en zonas de desastre. Www state tax return Formularios que tiene que presentar. Www state tax return   Normalmente, si es víctima de un hecho fortuito o robo, tiene que presentar el Formulario 4684 (disponible sólo en inglés). Www state tax return Asimismo, es posible que tenga que presentar uno o más de los siguientes formularios (todos en inglés): Anexo A (Formulario 1040). Www state tax return Formulario 1040NR, Anexo A (para extranjeros no residentes). Www state tax return Anexo D. Www state tax return Formulario 4797. Www state tax return Para información adicional sobre qué formulario utilizar, vea más adelante la sección sobre Cómo Declarar Pérdidas y Ganancias . Www state tax return Expropiaciones forzosas. Www state tax return   Para obtener información sobre expropiaciones forzosas de propiedades, vea el tema Involuntary Conversions (Conversiones involuntarias) en el capítulo 1 de la Publicación 544, Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de activos), en inglés. Www state tax return Registros para el cálculo de pérdidas por hecho fortuito y robo. Www state tax return   La Publicación 584SP, Registro de Pérdidas por Hechos Fortuitos (Imprevistos), Desastres y Robos (Propiedad de uso Personal) está a su disposición para ayudarle a hacer una lista de artículos de sus bienes de uso personal que hayan sido robados o dañados y calcular su pérdida. Www state tax return En dicha publicación se incluyen tablas para ayudarle a calcular el monto de las pérdidas de su vivienda, artículos de la misma y vehículos motorizados. Www state tax return   La Publicación 584-B, Business Casualty, Disaster, and Theft Loss Workbook (Registro de pérdidas por hechos fortuitos, desastres y robos de propiedad de uso comercial), en inglés puede ayudarle a hacer una lista de artículos que hayan sido robados o dañados en su empresa o bienes de generación de ingresos, y calcular su pérdida. Www state tax return Comentarios y sugerencias. Www state tax return   Agradecemos sus comentarios y sugerencias sobre esta publicación para ediciones futuras. Www state tax return   Puede escribirnos a la siguiente dirección: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Www state tax return NW, IR-6526 Washington, DC 20224   Contestamos gran parte de correspondencia por teléfono. Www state tax return Por lo tanto, nos sería útil si en su correspondencia incluye el número telefónico con su código de área donde podemos ubicarlo durante el día. Www state tax return   Puede enviarnos comentarios a través de www. Www state tax return irs. Www state tax return gov/formspubs, pulsando sobre “ Comment on Tax Forms and Publications ” (Comentarios sobre formularios y publicaciones tributarios) bajo el título “ Information about ” (Información sobre), en inglés. Www state tax return   Aunque no podemos contestar cada uno de los comentarios, agradecemos su opinión y tendremos en cuenta sus comentarios cuando revisemos nuestros productos. Www state tax return Cómo pedir formularios y publicaciones. Www state tax return   Visite el sitio web del IRS www. Www state tax return irs. Www state tax return gov/espanol y pulse sobre el enlace “Formularios y Publicaciones” para descargar formularios y publicaciones. Www state tax return Llame al 1-800-829-3676 o escriba a la dirección que aparece a continuación y recibirá respuesta a los 10 días de que el IRS reciba su solicitud: Internal Revenue Service 1201 N. Www state tax return Mitsubishi Motorway Bloomington, IL 61705-6613 Preguntas sobre los impuestos. Www state tax return   Si tiene alguna pregunta acerca de sus impuestos, consulte la información disponible en IRS. Www state tax return gov/espanol o llame al número 1-800-829-1040. Www state tax return No podemos contestar preguntas sobre impuestos enviadas a las direcciones anteriores. Www state tax return Useful Items - You may want to see: Publicación 523 Selling Your Home (Venta de su vivienda), en inglés 525 Taxable and Nontaxable Income (Ingresos tributables y no tributables), en inglés 550 Investment Income and Expenses (Ingresos y gastos de inversiones), en inglés 551 Basis of Assets (Base de activos), en inglés 584SP Registro de Pérdidas por Hechos Fortuitos (Imprevistos), Desastres y Robos (Propiedad de Uso Personal) 584-B Business Casualty, Disaster, and Theft Loss Workbook (Registro de pérdidas por hechos fortuitos, desastres y robos comerciales), en inglés  Formulario (e Instrucciones) Anexo A (Formulario 1040) Itemized Deductions (Deducciones detalladas), en inglés Anexo A (Formulario 1040NR) Itemized Deductions (for nonresident aliens) (Deducciones detalladas (para extranjeros no residentes)), en inglés Anexo D (Formulario 1040) Capital Gains and Losses (Pérdidas y ganancias de capital), en inglés 4684 Casualties and Thefts (Hechos fortuitos y robos), en inglés 4797 Sales of Business Property (Ventas de bienes comerciales), en inglés  Para más información sobre cómo obtener publicaciones y formularios, vea la sección Cómo Obtener Ayuda con los Impuestos al final de esta publicación. 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