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2012 Tax Return

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2012 Tax Return

2012 tax return 31. 2012 tax return   Tax on Unearned Income of Certain Children Table of Contents What's New Introduction Useful Items - You may want to see: Which Parent's Return To UseParents Who Do Not File a Joint Return Parent's Election To Report Child's Interest and DividendsEffect of Making the Election Figuring Child's Income Figuring Additional Tax Tax for Certain Children Who Have Unearned IncomeProviding Parental Information (Form 8615, lines A–C) Step 1. 2012 tax return Figuring the Child's Net Unearned Income (Form 8615, Part I) Step 2. 2012 tax return Figuring Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) Step 3. 2012 tax return Figuring the Child's Tax (Form 8615, Part III) What's New Net Investment Income Tax. 2012 tax return . 2012 tax return  For tax years beginning after December 31, 2012, a child whose tax is figured on Form 8615 may be subject to the Net Investment Income Tax (NIIT). 2012 tax return NIIT is a 3. 2012 tax return 8% tax on the lesser of the net investment income or the excess of the child's modified adjusted gross income (MAGI) over the threshold amount. 2012 tax return Use Form 8960, Net Investment Income Tax, to figure this tax. 2012 tax return For more information on NIIT, go to www. 2012 tax return irs. 2012 tax return gov and enter “Net Investment Income Tax” in the search box. 2012 tax return Introduction This chapter discusses the following two rules that may affect the tax on unearned income of certain children. 2012 tax return If the child's interest and dividend income (including capital gain distributions) total less than $10,000, the child's parent may be able to choose to include that income on the parent's return rather than file a return for the child. 2012 tax return (See Parent's Election To Report Child's Interest and Dividends , later. 2012 tax return ) If the child's interest, dividends, and other unearned income total more than $2,000, part of that income may be taxed at the parent's tax rate instead of the child's tax rate. 2012 tax return (See Tax for Certain Children Who Have Unearned Income , later. 2012 tax return ) For these rules, the term “child” includes a legally adopted child and a stepchild. 2012 tax return These rules apply whether or not the child is a dependent. 2012 tax return Useful Items - You may want to see: Publication 929 Tax Rules for Children and Dependents Form (and Instructions) 8615 Tax for Certain Children Who Have Unearned Income 8814 Parents' Election To Report Child's Interest and Dividends Which Parent's Return To Use If a child's parents are married to each other and file a joint return, use the joint return to figure the tax on the child's unearned income. 2012 tax return The tax rate and other return information from that return are used to figure the child's tax as explained later under Tax for Certain Children Who Have Unearned Income . 2012 tax return Parents Who Do Not File a Joint Return For parents who do not file a joint return, the following discussions explain which parent's tax return must be used to figure the tax. 2012 tax return Only the parent whose tax return is used can make the election described under Parent's Election To Report Child's Interest and Dividends . 2012 tax return Parents are married. 2012 tax return   If the child's parents file separate returns, use the return of the parent with the greater taxable income. 2012 tax return Parents not living together. 2012 tax return   If the child's parents are married to each other but not living together, and the parent with whom the child lives (the custodial parent) is considered unmarried, use the return of the custodial parent. 2012 tax return If the custodial parent is not considered unmarried, use the return of the parent with the greater taxable income. 2012 tax return   For an explanation of when a married person living apart from his or her spouse is considered unmarried, see Head of Household in chapter 2. 2012 tax return Parents are divorced. 2012 tax return   If the child's parents are divorced or legally separated, and the parent who had custody of the child for the greater part of the year (the custodial parent) has not remarried, use the return of the custodial parent. 2012 tax return Custodial parent remarried. 2012 tax return   If the custodial parent has remarried, the stepparent (rather than the noncustodial parent) is treated as the child's other parent. 2012 tax return Therefore, if the custodial parent and the stepparent file a joint return, use that joint return. 2012 tax return Do not use the return of the noncustodial parent. 2012 tax return   If the custodial parent and the stepparent are married, but file separate returns, use the return of the one with the greater taxable income. 2012 tax return If the custodial parent and the stepparent are married but not living together, the earlier discussion under Parents not living together applies. 2012 tax return Parents never married. 2012 tax return   If a child's parents have never been married to each other, but lived together all year, use the return of the parent with the greater taxable income. 2012 tax return If the parents did not live together all year, the rules explained earlier under Parents are divorced apply. 2012 tax return Widowed parent remarried. 2012 tax return   If a widow or widower remarries, the new spouse is treated as the child's other parent. 2012 tax return The rules explained earlier under Custodial parent remarried apply. 2012 tax return Parent's Election To Report Child's Interest and Dividends You may be able to elect to include your child's interest and dividend income (including capital gain distributions) on your tax return. 2012 tax return If you do, your child will not have to file a return. 2012 tax return You can make this election only if all the following conditions are met. 2012 tax return Your child was under age 19 (or under age 24 if a full-time student) at the end of the year. 2012 tax return Your child had income only from interest and dividends (including capital gain distributions and Alaska Permanent Fund dividends). 2012 tax return The child's gross income was less than $10,000. 2012 tax return The child is required to file a return unless you make this election. 2012 tax return The child does not file a joint return for the year. 2012 tax return No estimated tax payment was made for the year, and no overpayment from the previous year (or from any amended return) was applied to this year under your child's name and social security number. 2012 tax return No federal income tax was taken out of your child's income under the backup withholding rules. 2012 tax return You are the parent whose return must be used when applying the special tax rules for children. 2012 tax return (See Which Parent's Return To Use , earlier. 2012 tax return ) These conditions are also shown in Figure 31-A. 2012 tax return Certain January 1 birthdays. 2012 tax return   A child born on January 1, 1995, is considered to be age 19 at the end of 2013. 2012 tax return You cannot make this election for such a child unless the child was a full-time student. 2012 tax return   A child born on January 1, 1990, is considered to be age 24 at the end of 2013. 2012 tax return You cannot make this election for such a child. 2012 tax return Full-time student. 2012 tax return   A full-time student is a child who during some part of each of any 5 calendar months of the year was enrolled as a full-time student at a school, or took a full-time on-farm training course given by a school or a state, county, or local government agency. 2012 tax return A school includes a technical, trade, or mechanical school. 2012 tax return It does not include an on-the-job training course, correspondence school, or school offering courses only through the Internet. 2012 tax return How to make the election. 2012 tax return   Make the election by attaching Form 8814 to your Form 1040. 2012 tax return (If you make this election, you cannot file Form 1040A or Form 1040EZ. 2012 tax return ) Attach a separate Form 8814 for each child for whom you make the election. 2012 tax return You can make the election for one or more children and not for others. 2012 tax return Effect of Making the Election The federal income tax on your child's income may be more if you make the Form 8814 election. 2012 tax return Rate may be higher. 2012 tax return   If your child received qualified dividends or capital gain distributions, you may pay up to $100 more tax if you make this election instead of filing a separate tax return for the child. 2012 tax return This is because the tax rate on the child's income between $1,000 and $2,000 is 10% if you make this election. 2012 tax return However, if you file a separate return for the child, the tax rate may be as low as 0% (zero percent) because of the preferential tax rates for qualified dividends and capital gain distributions. 2012 tax return Deductions you cannot take. 2012 tax return   By making the Form 8814 election, you cannot take any of the following deductions that the child would be entitled to on his or her return. 2012 tax return The additional standard deduction if the child is blind. 2012 tax return The deduction for a penalty on an early withdrawal of your child's savings. 2012 tax return Itemized deductions (such as your child's investment expenses or charitable contributions). 2012 tax return Reduced deductions or credits. 2012 tax return   If you use Form 8814, your increased adjusted gross income may reduce certain deductions or credits on your return including the following. 2012 tax return Deduction for contributions to a traditional individual retirement arrangement (IRA). 2012 tax return Deduction for student loan interest. 2012 tax return Itemized deductions for medical expenses, casualty and theft losses, and certain miscellaneous expenses. 2012 tax return Credit for child and dependent care expenses. 2012 tax return Child tax credit. 2012 tax return Education tax credits. 2012 tax return Earned income credit. 2012 tax return Penalty for underpayment of estimated tax. 2012 tax return   If you make this election for 2013 and did not have enough tax withheld or pay enough estimated tax to cover the tax you owe, you may be subject to a penalty. 2012 tax return If you plan to make this election for 2014, you may need to increase your federal income tax withholding or your estimated tax payments to avoid the penalty. 2012 tax return See chapter 4 for more information. 2012 tax return Figuring Child's Income Use Form 8814, Part I, to figure your child's interest and dividend income to report on your return. 2012 tax return Only the amount over $2,000 is added to your income. 2012 tax return The amount over $2,000 is shown on Form 8814, line 6. 2012 tax return Unless the child's income includes qualified dividends or capital gain distributions (discussed next), the same amount is shown on Form 8814, line 12. 2012 tax return Include the amount from Form 8814, line 12, on Form 1040, line 21. 2012 tax return Enter “Form 8814” on the dotted line next to line 21. 2012 tax return If you file more than one Form 8814, include the total amounts from line 12 of all your Forms 8814 on Form 1040, line 21. 2012 tax return Capital gain distributions and qualified dividends. 2012 tax return   If your child's dividend income included any capital gain distributions, see Capital gain distributions under Figuring Child's Income in Publication 929, Part 2. 2012 tax return If your child's dividend income included any qualified dividends, see Qualified dividends under Figuring Child's Income in Publication 929, Part 2. 2012 tax return Figuring Additional Tax Use Form 8814, Part II, to figure the tax on the $2,000 of your child's interest and dividends that you do not include in your income. 2012 tax return This tax is added to the tax figured on your income. 2012 tax return This additional tax is the smaller of: 10% × (your child's gross income − $1,000), or $100. 2012 tax return Include the amount from line 15 of all your Forms 8814 in the total on Form 1040, line 44. 2012 tax return Check box a on Form 1040, line 44. 2012 tax return Figure 31-A. 2012 tax return Can You Include Your Child's Income On Your Tax Return? Please click here for the text description of the image. 2012 tax return Figure 31–A. 2012 tax return Can You Include Your Child's Income On Your Tax Return? Tax for Certain Children Who Have Unearned Income If a child's interest, dividends, and other unearned income total more than $2,000, part of that income may be taxed at the parent's tax rate instead of the child's tax rate. 2012 tax return If the parent does not or cannot choose to include the child's income on the parent's return, use Form 8615 to figure the child's tax. 2012 tax return Attach the completed form to the child's Form 1040 or Form 1040A. 2012 tax return When Form 8615 must be filed. 2012 tax return   Form 8615 must be filed for a child if all of the following statements are true. 2012 tax return The child's investment income was more than $2,000. 2012 tax return The child is required to file a return for 2013. 2012 tax return The child either: Was under age 18 at the end of the year, Was age 18 at the end of the year and did not have earned income that was more than half of his or her support, or Was over age 18 and under age 24 at the end of the year, was a full-time student, and did not have earned income that was more than half of his or her support. 2012 tax return At least one of the child's parents was alive at the end of 2013. 2012 tax return The child does not file a joint return for 2013. 2012 tax return These conditions are also shown in  Figure 31-B. 2012 tax return Earned income. 2012 tax return   Earned income includes salaries, wages, tips, and other payments received for personal services performed. 2012 tax return It does not include unearned income as defined later in this chapter. 2012 tax return Support. 2012 tax return   Your child's support includes all amounts spent to provide the child with food, lodging, clothing, education, medical and dental care, recreation, transportation, and similar necessities. 2012 tax return To figure your child's support, count support provided by you, your child, and others. 2012 tax return However, a scholarship received by your child is not considered support if your child is a full-time student. 2012 tax return See chapter 3 for details about support. 2012 tax return Certain January 1 birthdays. 2012 tax return   Use the following chart to determine whether certain children with January 1 birthdays meet condition 3 under When Form 8615 must be filed. 2012 tax return Figure 31-B. 2012 tax return Do You Have To Use Form 8615 To Figure Your Child's Tax? Please click here for the text description of the image. 2012 tax return Figure 31-B. 2012 tax return Do You Have To Use Form 8615 To Figure Your Child's Tax?    IF a child was born on. 2012 tax return . 2012 tax return . 2012 tax return THEN, at the end of 2013, the child is considered to be. 2012 tax return . 2012 tax return . 2012 tax return January 1, 1996 18* January 1, 1995 19** January 1, 1990 24*** *This child is not under age 18. 2012 tax return The child meets condition 3 only if the child did not have earned income that was more than half of the child's support. 2012 tax return  **This child meets condition 3 only if the child was a full-time student who did not have earned income that was more than half of the child's support. 2012 tax return  ***Do not use Form 8615 for this child. 2012 tax return Providing Parental Information (Form 8615, lines A–C) On Form 8615, lines A and B, enter the parent's name and social security number. 2012 tax return (If the parents filed a joint return, enter the name and social security number listed first on the joint return. 2012 tax return ) On line C, check the box for the parent's filing status. 2012 tax return See Which Parent's Return To Use at the beginning of this chapter for information on which parent's return information must be used on Form 8615. 2012 tax return Parent with different tax year. 2012 tax return   If the parent and the child do not have the same tax year, complete Form 8615 using the information on the parent's return for the tax year that ends in the child's tax year. 2012 tax return Parent's return information not known timely. 2012 tax return   If the information needed from the parent's return is not known by the time the child's return is due (usually April 15), you can file the return using estimates. 2012 tax return   You can use any reasonable estimate. 2012 tax return This includes using information from last year's return. 2012 tax return If you use an estimated amount on Form 8615, enter “Estimated” on the line next to the amount. 2012 tax return    When you get the correct information, file an amended return on Form 1040X, Amended U. 2012 tax return S. 2012 tax return Individual Income Tax Return. 2012 tax return   Instead of using estimates, you can get an automatic 6-month extension of time to file if, by the date your return is due, you file Form 4868, Application for Automatic Extension of Time To File U. 2012 tax return S. 2012 tax return Individual Income Tax Return. 2012 tax return Extensions are discussed in chapter 1. 2012 tax return Step 1. 2012 tax return Figuring the Child's Net Unearned Income (Form 8615, Part I) The first step in figuring a child's tax using Form 8615 is to figure the child's net unearned income. 2012 tax return To do that, use Form 8615, Part I. 2012 tax return Line 1 (unearned income). 2012 tax return   If the child had no earned income, enter on this line the adjusted gross income shown on the child's return. 2012 tax return Adjusted gross income is shown on Form 1040, line 38, or Form 1040A, line 22. 2012 tax return Form 1040EZ cannot be used if Form 8615 must be filed. 2012 tax return   If the child had earned income, figure the amount to enter on Form 8615, line 1, by using the worksheet in the instructions for the form. 2012 tax return   However, if the child has: excluded any foreign earned income, deducted either a loss from self-employment, or deducted a net operating loss from another year, then use the Alternate Worksheet for Form 8615, Line 1, in Publication 929 to figure the amount to enter on Form 8615, line 1. 2012 tax return Unearned income defined. 2012 tax return   Unearned income is generally all income other than salaries, wages, and other amounts received as pay for work actually done. 2012 tax return It includes taxable interest, dividends (including capital gain distributions), capital gains, unemployment compensation, the taxable part of social security and pension payments, and certain distributions from trusts. 2012 tax return Unearned income includes amounts produced by assets the child obtained with earned income (such as interest on a savings account into which the child deposited wages). 2012 tax return Nontaxable income. 2012 tax return   For this purpose, unearned income includes only amounts the child must include in total income. 2012 tax return Nontaxable unearned income, such as tax-exempt interest and the nontaxable part of social security and pension payments, is not included. 2012 tax return Income from property received as a gift. 2012 tax return   A child's unearned income includes all income produced by property belonging to the child. 2012 tax return This is true even if the property was transferred to the child, regardless of when the property was transferred or purchased or who transferred it. 2012 tax return   A child's unearned income includes income produced by property given as a gift to the child. 2012 tax return This includes gifts to the child from grandparents or any other person and gifts made under the Uniform Gift to Minors Act. 2012 tax return Example. 2012 tax return Amanda Black, age 13, received the following income. 2012 tax return Dividends — $800 Wages — $2,100 Taxable interest — $1,200 Tax-exempt interest — $100 Net capital gains — $100 The dividends were qualified dividends on stock given to her by her grandparents. 2012 tax return Amanda's unearned income is $2,100. 2012 tax return This is the total of the dividends ($800), taxable interest ($1,200), and net capital gains ($100). 2012 tax return Her wages are earned (not unearned) income because they are received for work actually done. 2012 tax return Her tax-exempt interest is not included because it is nontaxable. 2012 tax return Trust income. 2012 tax return   If a child is the beneficiary of a trust, distributions of taxable interest, dividends, capital gains, and other unearned income from the trust are unearned income to the child. 2012 tax return   However, for purposes of completing Form 8615, a taxable distribution from a qualified disability trust is considered earned income, not unearned income. 2012 tax return Line 2 (deductions). 2012 tax return   If the child does not itemize deductions on Schedule A (Form 1040), enter $2,000 on line 2. 2012 tax return   If the child does itemize deductions, enter on line 2 the larger of: $1,000 plus the portion of the child's itemized deductions on Schedule A (Form 1040), line 29, that are directly connected with the production of unearned income entered on line 1, or $2,000. 2012 tax return Directly connected. 2012 tax return   Itemized deductions are directly connected with the production of unearned income if they are for expenses paid to produce or collect taxable income or to manage, conserve, or maintain property held for producing income. 2012 tax return These expenses include custodian fees and service charges, service fees to collect taxable interest and dividends, and certain investment counsel fees. 2012 tax return   These expenses are added to certain other miscellaneous itemized deductions on Schedule A (Form 1040). 2012 tax return Only the amount greater than 2% of the child's adjusted gross income can be deducted. 2012 tax return See chapter 28 for more information. 2012 tax return Example 1. 2012 tax return Roger, age 12, has unearned income of $8,000, no other income, no adjustments to income, and itemized deductions of $300 (net of the 2% limit) that are directly connected with his unearned income. 2012 tax return His adjusted gross income is $8,000, which is entered on Form 1040, line 38, and on Form 8615, line 1. 2012 tax return Roger enters $2,000 on line 2 because that is more than the total of $1,000 plus his directly connected itemized deductions of $300. 2012 tax return Example 2. 2012 tax return Eleanor, age 8, has unearned income of $16,000 and an early withdrawal penalty of $100. 2012 tax return She has no other income. 2012 tax return She has itemized deductions of $1,050 (net of the 2% limit) that are directly connected with the production of her unearned income. 2012 tax return Her adjusted gross income, entered on line 1, is $15,900 ($16,000 − $100). 2012 tax return The amount on line 2 is $2,050. 2012 tax return This is the larger of: $1,000 plus the $1,050 of directly connected itemized deductions, or $2,000. 2012 tax return Line 3. 2012 tax return   Subtract line 2 from line 1 and enter the result on this line. 2012 tax return If zero or less, do not complete the rest of the form. 2012 tax return However, you must still attach Form 8615 to the child's tax return. 2012 tax return Figure the tax on the child's taxable income in the normal manner. 2012 tax return Line 4 (child's taxable income). 2012 tax return   Enter on line 4 the child's taxable income from Form 1040, line 43, or Form 1040A, line 27. 2012 tax return   However, if the child files Form 2555 or 2555-EZ to claim the foreign earned income exclusion, housing exclusion, or housing deduction, see the Form 8615 instructions or Pub. 2012 tax return 929. 2012 tax return Line 5 (net unearned income). 2012 tax return   A child's net unearned income cannot be more than his or her taxable income. 2012 tax return Enter on Form 8615, line 5, the smaller of line 3 or line 4. 2012 tax return This is the child's net unearned income. 2012 tax return   If zero or less, do not complete the rest of the form. 2012 tax return However, you must still attach Form 8615 to the child's tax return. 2012 tax return Figure the tax on the child's taxable income in the normal manner. 2012 tax return Step 2. 2012 tax return Figuring Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) The next step in completing Form 8615 is to figure a tentative tax on the child's net unearned income at the parent's tax rate. 2012 tax return The tentative tax at the parent's tax rate is the difference between the tax on the parent's taxable income figured with the child's net unearned income (plus the net unearned income of any other child whose Form 8615 includes the tax return information of that parent) and the tax figured without it. 2012 tax return When figuring the tentative tax at the parent's tax rate on Form 8615, do not refigure any of the exclusions, deductions, or credits on the parent's return because of the child's net unearned income. 2012 tax return For example, do not refigure the medical expense deduction. 2012 tax return Figure the tentative tax on Form 8615, lines 6 through 13. 2012 tax return Note. 2012 tax return If the child or parent has any capital gains or losses, get Publication 929 for help in completing Form 8615, Part II. 2012 tax return Line 6 (parent's taxable income). 2012 tax return   Enter on line 6 the parent's taxable income from Form 1040, line 43, Form 1040A, line 27, or Form 1040EZ, line 6. 2012 tax return   If the Foreign Earned Income Tax Worksheet (in the Form 1040 instructions) was used to figure the parent's tax, enter the amount from line 3 of that worksheet instead of the parent's taxable income. 2012 tax return Line 7 (net unearned income of other children). 2012 tax return   If the tax return information of the parent is also used on any other child's Form 8615, enter on line 7 the total of the amounts from line 5 of all the other children's Forms 8615. 2012 tax return Do not include the amount from line 5 of the Form 8615 being completed. 2012 tax return Example. 2012 tax return Paul and Jane Persimmon have three children, Sharon, Jerry, and Mike, who must attach Form 8615 to their tax returns. 2012 tax return The children's net unearned income amounts on line 5 of their Forms 8615 are: Sharon — $800 Jerry — $600 Mike — $1,000 Line 7 of Sharon's Form 8615 will show $1,600, the total of the amounts on line 5 of Jerry's and Mike's Forms 8615. 2012 tax return Line 7 of Jerry's Form 8615 will show $1,800 ($800 + $1,000). 2012 tax return Line 7 of Mike's Form 8615 will show $1,400 ($800 + $600). 2012 tax return Other children's information not available. 2012 tax return   If the net unearned income of the other children is not available when the return is due, either file the return using estimates or get an extension of time to file. 2012 tax return See Parent's return information not known timely , earlier. 2012 tax return Line 11 (tentative tax). 2012 tax return   Subtract line 10 from line 9 and enter the result on this line. 2012 tax return This is the tentative tax. 2012 tax return   If line 7 is blank, skip lines 12a and 12b and enter the amount from line 11 on line 13. 2012 tax return Also skip the discussion for lines 12a and 12b that follows. 2012 tax return Lines 12a and 12b (dividing the tentative tax). 2012 tax return   If an amount is entered on line 7, divide the tentative tax shown on line 11 among the children according to each child's share of the total net unearned income. 2012 tax return This is done on lines 12a, 12b, and 13. 2012 tax return Add the amount on line 7 to the amount on line 5 and enter the total on line 12a. 2012 tax return Divide the amount on line 5 by the amount on line 12a and enter the result, as a decimal, on line 12b. 2012 tax return Example. 2012 tax return In the earlier example under Line 7 (net unearned income of other children), Sharon's Form 8615 shows $1,600 on line 7. 2012 tax return The amount entered on line 12a is $2,400, the total of the amounts on lines 5 and 7 ($800 + $1,600). 2012 tax return The decimal on line 12b is  . 2012 tax return 333, figured as follows and rounded to three places. 2012 tax return   $800 = . 2012 tax return 333     $2,400   Step 3. 2012 tax return Figuring the Child's Tax (Form 8615, Part III) The final step in figuring a child's tax using Form 8615 is to determine the larger of: The total of: The child's share of the tentative tax based on the parent's tax rate, plus The tax on the child's taxable income in excess of net unearned income, figured at the child's tax rate, or The tax on the child's taxable income, figured at the child's tax rate. 2012 tax return This is the child's tax. 2012 tax return It is figured on Form 8615, lines 14 through 18. 2012 tax return Alternative minimum tax. 2012 tax return   A child may be subject to alternative minimum tax (AMT) if he or she has certain items given preferential treatment under the tax law. 2012 tax return See Alternative Minimum Tax (AMT) in chapter 30. 2012 tax return    For more information on who is liable for AMT and how to figure it, see Form 6251, Alternative Minimum Tax—Individuals. 2012 tax return For information on special limits that apply to a child who files Form 6251, see Certain Children Under Age 24 in the Instructions for Form 6251. 2012 tax return Prev  Up  Next   Home   More Online Publications
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The 2012 Tax Return

2012 tax return Publication 535 - Introductory Material Table of Contents IntroductionOrdering forms and publications. 2012 tax return Tax questions. 2012 tax return Future Developments What's New for 2013 What's New for 2014 Reminders Introduction This publication discusses common business expenses and explains what is and is not deductible. 2012 tax return The general rules for deducting business expenses are discussed in the opening chapter. 2012 tax return The chapters that follow cover specific expenses and list other publications and forms you may need. 2012 tax return Comments and suggestions. 2012 tax return   We welcome your comments about this publication and your suggestions for future editions. 2012 tax return   You can send your comments to: Internal Revenue Service Tax Forms and Publications SE:W:CAR:MP:TFP 1111 Constitution Ave. 2012 tax return NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. 2012 tax return Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. 2012 tax return   You can send us comments from www. 2012 tax return irs. 2012 tax return gov/formspubs/. 2012 tax return Click on “More Information” and then on “Give us feedback. 2012 tax return ”   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax publications. 2012 tax return Ordering forms and publications. 2012 tax return   Visit www. 2012 tax return irs. 2012 tax return gov/formspubs/ to download forms and publications, call 1-800-829-3676, or write to the address below and receive a response within 10 days after your request is received. 2012 tax return Internal Revenue Service 1201 N. 2012 tax return Mitsubishi Motorway Bloomington, IL 61705-6613 We cannot answer tax questions sent to either the “Comments and suggestions” or “Ordering forms and publications” address. 2012 tax return Tax questions. 2012 tax return   If you have a tax-related question, please go to Help With Tax Questions on IRS. 2012 tax return gov. 2012 tax return If you've looked around our site and still didn't find the answer to your general tax question, please call our toll-free tax assistance line at 1-800-829-1040 for individual tax questions or 1-800-829-4933 for business tax questions. 2012 tax return Future Developments For the latest information about developments related to Publication 535, such as legislation enacted after it was published, go to www. 2012 tax return irs. 2012 tax return gov/pub535. 2012 tax return What's New for 2013 The following items highlight some changes in the tax law for 2013. 2012 tax return Optional safe harbor method to determine the business use of a home deduction. 2012 tax return  Beginning in 2013, you can use the optional safe harbor method to determine the deduction for the business use of your home. 2012 tax return For more information, see chapter 1. 2012 tax return Standard mileage rate. 2012 tax return  Beginning in 2013, the standard mileage rate for the cost of operating your car, van, pickup, or panel truck for each mile of business use is 56. 2012 tax return 5 cents per mile. 2012 tax return For more information, see chapter 11. 2012 tax return Additional Medicare Tax. 2012 tax return  Beginning in 2013, a 0. 2012 tax return 9% Additional Medicare Tax applies to Medicare wages, railroad retirement (RRTA) compensation, and self-employment income that are more than: $125,000 if married filing separately, $250,000 if married filing jointly, or $200,000 if single, head of household, or qualifying widow(er) with dependent child. 2012 tax return Medicare wages and self-employment income are combined to determine if your income exceeds the threshold. 2012 tax return RRTA compensation should be separately compared to the threshold. 2012 tax return For more information, see chapter 5 or visit www. 2012 tax return irs. 2012 tax return gov and enter the following words in the search box: Additional Medicare Tax. 2012 tax return Retiree drug subsidy. 2012 tax return  Beginning in 2013, sponsors of certain qualified retiree prescription drug plans must account for the subsidy received by reducing the amount of qualified retiree prescription drug plans expense by the subsidy received (taking into account the taxpayer's accounting method). 2012 tax return For more information, visit www. 2012 tax return irs. 2012 tax return gov and enter the following words in the search box: Retiree drug subsidy. 2012 tax return What's New for 2014 The following item highlights a change in the tax law for 2014. 2012 tax return Standard mileage rate. 2012 tax return  Beginning in 2014, the standard mileage rate for the cost of operating your car, van, pickup, or panel truck for each mile of business use is 56 cents per mile. 2012 tax return Film and television productions costs. 2012 tax return  The election to expense film and television production costs does not apply to productions that begin in 2014. 2012 tax return For more information, see chapter 7. 2012 tax return Reminders The following reminders and other items may help you file your tax return. 2012 tax return IRS e-file (Electronic Filing) You can file your tax returns electronically using an IRS e-file option. 2012 tax return The benefits of IRS e-file include faster refunds, increased accuracy, and acknowledgment of IRS receipt of your return. 2012 tax return You can use one of the following IRS e-file options. 2012 tax return Use an authorized IRS e-file provider. 2012 tax return Use a personal computer. 2012 tax return Visit a Volunteer Income Tax Assistance (VITA) or Tax Counseling for the Elderly (TCE) site. 2012 tax return For details on these fast filing methods, see your income tax package. 2012 tax return Form 1099 MISC. 2012 tax return  File Form 1099-MISC, Miscellaneous Income, for each person to whom you have paid during the year in the course of your trade or business at least $600 in rents, services (including parts and materials), prizes and awards, other income payments, medical and health care payments, and crop insurance proceeds. 2012 tax return See the Instructions for Form 1099-MISC for more information and additional reporting requirements. 2012 tax return Photographs of missing children. 2012 tax return  The Internal Revenue Service is a proud partner with the National Center for Missing & Exploited Children. 2012 tax return Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. 2012 tax return You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) (24-hours a day, 7 days a week) if you recognize a child. 2012 tax return Prev  Up  Next   Home   More Online Publications