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Can Unemployed People File Taxes

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Can Unemployed People File Taxes

Can unemployed people file taxes Publication 3402 - Main Content Table of Contents What is a Limited Liability Company? Classification of an LLC LLCs Classified as Partnerships LLCs Classified as Disregarded Entities LLCs Classified as Corporations Subsequent Elections How To Get More InformationInternal Revenue Service Small Business Administration Other Federal Agencies What is a Limited Liability Company? For purposes of this publication, a limited liability company (LLC) is a business entity organized in the United States under state law. Can unemployed people file taxes Unlike a partnership, all of the members of an LLC have limited personal liability for its debts. Can unemployed people file taxes An LLC may be classified for federal income tax purposes as a partnership, corporation, or an entity disregarded as separate from its owner by applying the rules in Regulations section 301. Can unemployed people file taxes 7701-3. Can unemployed people file taxes The information in this publication applies to LLCs in general, and different rules may apply to special situations, including banks, insurance companies, or nonprofit organizations that are LLCs or that own LLCs. Can unemployed people file taxes Check your state's requirements and the federal tax regulations for further information. Can unemployed people file taxes Classification of an LLC Default classification rules. Can unemployed people file taxes   An LLC with at least two members is classified as a partnership for federal income tax purposes. Can unemployed people file taxes An LLC with only one member is treated as an entity disregarded as separate from its owner for income tax purposes (but as a separate entity for purposes of employment tax and certain excise taxes). Can unemployed people file taxes Also, an LLC's federal tax classification can subsequently change under certain default rules discussed later. Can unemployed people file taxes Elected classification. Can unemployed people file taxes   If an LLC does not choose to be classified under the above default classifications, it can elect to be classified as an association taxable as a corporation or as an S corporation. Can unemployed people file taxes After an LLC has determined its federal tax classification, it can later elect to change that classification. Can unemployed people file taxes For details, see Subsequent Elections, later. Can unemployed people file taxes LLCs Classified as Partnerships If an LLC has at least two members and is classified as a partnership, it generally must file Form 1065, U. Can unemployed people file taxes S. Can unemployed people file taxes Return of Partnership Income. Can unemployed people file taxes Generally, an LLC classified as a partnership is subject to the same filing and reporting requirements as partnerships. Can unemployed people file taxes For certain purposes, members of an LLC are treated as limited partners in a limited partnership. Can unemployed people file taxes For example, LLC members are treated as limited partners for purposes of material participation under the passive activity limitation rules (see Temporary Regulation section 1. Can unemployed people file taxes 469-5T(e)). Can unemployed people file taxes See the Instructions for Form 1065 for reporting rules that apply specifically to LLCs. Can unemployed people file taxes Member manager. Can unemployed people file taxes   Only a member manager of an LLC can sign the partnership tax return. Can unemployed people file taxes And only a member manager can represent the LLC as the tax matters partner under the consolidated audit proceedings in sections 6221 through 6234. Can unemployed people file taxes A member manager is any owner of an interest in the LLC who, alone or together with others, has the continuing authority to make the management decisions necessary to conduct the business for which the LLC was formed. Can unemployed people file taxes If there are no elected or designated member managers, each owner is treated as a member manager. Can unemployed people file taxes Change in default classification. Can unemployed people file taxes   If the number of members in an LLC classified as a partnership is reduced to only one member, it becomes an entity disregarded as separate from its owner under Regulations section 301. Can unemployed people file taxes 7701-3(f)(2). Can unemployed people file taxes However, if the LLC has made an election to be classified as a corporation (discussed later) and that elective classification is in effect at the time of the change in membership, the default classification as a disregarded entity will not apply. Can unemployed people file taxes   Other tax consequences of a change in membership, such as recognition of gain or loss, are determined by the transactions through which an interest in the LLC is acquired or disposed of. Can unemployed people file taxes If a partnership that becomes a disregarded entity as a result of a decrease in the number of members makes an election to be classified as a corporation, the applicable deemed transactions discussed under Subsequent Elections, later, apply. Can unemployed people file taxes Example 1. Can unemployed people file taxes Ethel and Francis are members of an LLC classified as a partnership for federal tax purposes. Can unemployed people file taxes Each holds an equal membership interest. Can unemployed people file taxes The LLC does not hold any unrealized receivables or substantially appreciated inventory. Can unemployed people file taxes Ethel sells her entire interest in the LLC to Francis for $10,000. Can unemployed people file taxes After the sale, the business is continued by the LLC, which is owned solely by Francis. Can unemployed people file taxes No entity classification election is made after the sale to treat the LLC as a corporation for federal tax purposes. Can unemployed people file taxes The partnership terminates when Francis buys Ethel's entire interest. Can unemployed people file taxes Ethel must treat the transaction as the sale of a partnership interest and must report gain or loss, if any, resulting from the sale of her partnership interest. Can unemployed people file taxes For purposes of determining the tax treatment of Francis, the partnership is deemed to make a liquidating distribution of all of its assets to Ethel and Francis, and after this distribution, Francis is treated as acquiring the assets deemed to have been distributed to Ethel in liquidation of Ethel's partnership interest. Can unemployed people file taxes Francis's basis in the assets attributable to Ethel's one-half interest in the partnership is $10,000, the purchase price for Ethel's partnership interest. Can unemployed people file taxes Upon the termination of the partnership, Francis is considered to receive a distribution of those assets attributable to Francis's former interest in the partnership. Can unemployed people file taxes Francis must recognize gain or loss, if any, on the deemed distribution of the assets to the extent required by Internal Revenue Code section 731(a). Can unemployed people file taxes See Partnership Distributions in Publication 541. Can unemployed people file taxes Example 2. Can unemployed people file taxes George and Henrietta are members of an LLC classified as a partnership for federal tax purposes. Can unemployed people file taxes Each holds an equal membership interest. Can unemployed people file taxes The LLC does not hold any unrealized receivables or substantially appreciated inventory. Can unemployed people file taxes George and Henrietta each sell their entire interests in the LLC to Ian, an unrelated person, in exchange for $10,000. Can unemployed people file taxes After the sale, the business is continued by the LLC, which is owned solely by Ian. Can unemployed people file taxes No entity classification election is made after the sale to treat the LLC as a corporation for federal tax purposes. Can unemployed people file taxes The partnership terminates when Ian purchases the entire interests of George and Henrietta in the LLC. Can unemployed people file taxes George and Henrietta must report gain or loss, if any, resulting from the sale of their partnership interests. Can unemployed people file taxes For purposes of classifying the acquisition by Ian, the partnership is deemed to make a liquidating distribution of its assets to George and Henrietta. Can unemployed people file taxes Immediately following this distribution, Ian is deemed to acquire, by purchase, all of the former partnership's assets. Can unemployed people file taxes   For more details on the preceding two examples, see Revenue Ruling 99-6, 1999-6 I. Can unemployed people file taxes R. Can unemployed people file taxes B. Can unemployed people file taxes 6. Can unemployed people file taxes You can find Revenue Ruling 99-6 at www. Can unemployed people file taxes irs. Can unemployed people file taxes gov/pub/irs-irbs/irb99-06. Can unemployed people file taxes pdf. Can unemployed people file taxes LLCs Classified as Disregarded Entities If an LLC has only one member and is classified as an entity disregarded as separate from its owner, its income, deductions, gains, losses, and credits are reported on the owner's income tax return. Can unemployed people file taxes For example, if the owner of the LLC is an individual, the LLC's income and expenses would be reported on the following schedules filed with the owner's Form 1040: Schedule C, Profit or Loss from Business (Sole Proprietorship); Schedule C-EZ, Net Profit From Business (Sole Proprietorship); Schedule E, Supplemental Income and Loss; or Schedule F, Profit or Loss From Farming. Can unemployed people file taxes Employment tax and certain excise taxes. Can unemployed people file taxes   A single-member LLC that is classified as a disregarded entity for income tax purposes is treated as a separate entity for purposes of employment tax and certain excise taxes. Can unemployed people file taxes For wages paid after January 1, 2009, the single-member LLC is required to use its name and employer identification number (EIN) for reporting and payment of employment taxes. Can unemployed people file taxes A single-member LLC is also required to use its name and EIN to register for excise tax activities on Form 637; pay and report excise taxes reported on Forms 720, 730, 2290, and 11-C; and claim any refunds, credits, and payments on Form 8849. Can unemployed people file taxes See the employment and excise tax returns for more information. Can unemployed people file taxes Self-employment tax rule for disregarded entity LLCs. Can unemployed people file taxes   An individual owner of a single-member LLC classified as a disregarded entity is not an employee of the LLC. Can unemployed people file taxes Instead, the owner is subject to tax on the net earnings from self-employment of the LLC which is treated in the same manner as a sole-proprietorship. Can unemployed people file taxes Example 3. Can unemployed people file taxes LLC is a disregarded entity owned by Irene. Can unemployed people file taxes LLC has three employees (Kent, Patricia, and Tex) and pays wages. Can unemployed people file taxes LLC is treated as an entity separate from its owner for purposes of employment taxes. Can unemployed people file taxes For the wages paid to Kent, Patricia, and Tex, LLC is liable for income tax withholding, Federal Insurance Contributions Act (FICA) taxes, and Federal Unemployment Tax Act (FUTA) taxes. Can unemployed people file taxes In addition, LLC must file under its name and EIN the applicable employment tax returns; make timely employment tax deposits; and file with the Social Security Administration and furnish to LLC's employees (Kent, Patricia, and Tex) Forms W-2, Wage and Tax Statement. Can unemployed people file taxes Irene is self-employed for purposes of the self-employment tax. Can unemployed people file taxes Thus, Irene is subject to self-employment tax on her net earnings from self-employment with respect to LLC's activities. Can unemployed people file taxes Irene is not an employee of LLC for purposes of employment taxes. Can unemployed people file taxes Because LLC is treated as a sole proprietorship of Irene for income tax purposes, Irene must report the income and expenses from LLC on her Schedule C. Can unemployed people file taxes Irene will figure the tax due on her net earnings from self-employment on Schedule SE. Can unemployed people file taxes Irene can also deduct one-half of her self-employment tax on line 27 of her Form 1040. Can unemployed people file taxes Taxpayer identification number. Can unemployed people file taxes   For all income tax purposes, a single-member LLC classified as a disregarded entity must use the owner's social security number (SSN) or EIN. Can unemployed people file taxes This includes all information returns and reporting related to income tax. Can unemployed people file taxes For example, if a disregarded entity LLC that is owned by an individual is required to provide a Form W-9, Request for Taxpayer Identification Number and Certification, the LLC must provide the owner's SSN or EIN, not the LLC's EIN. Can unemployed people file taxes   However, most new single-member LLCs classified as a disregarded entity will need to obtain an EIN for the LLC. Can unemployed people file taxes An LLC will need an EIN if it has any employees or if it will be required to file any of the excise tax forms listed above (see Employment tax and certain excise taxes earlier). Can unemployed people file taxes See Form SS-4, Application for Employer Identification Number, for information on applying for an EIN. Can unemployed people file taxes Change in default classification. Can unemployed people file taxes   If a single-member LLC classified as a disregarded entity for income tax purposes acquires an additional member, it becomes a partnership under Regulations section 301. Can unemployed people file taxes 7701-3(f)(2). Can unemployed people file taxes However, if the LLC has made an election to be classified as a corporation (discussed later) and that elective classification is in effect at the time of the change in membership, the default classification as a partnership will not apply. Can unemployed people file taxes   Other tax consequences of a change in membership, such as recognition of gain or loss, are determined by the transactions through which an interest in the LLC is acquired or disposed of. Can unemployed people file taxes If a disregarded entity that becomes a partnership as a result of an increase in the number of members makes an election to be classified as a corporation, the applicable deemed transactions discussed in Subsequent Elections, later, apply. Can unemployed people file taxes Example 4. Can unemployed people file taxes Bart, who is not related to Alain, buys 50% of Alain's interest in an LLC that is a disregarded entity for $5,000. Can unemployed people file taxes Alain does not contribute any portion of the $5,000 to the LLC. Can unemployed people file taxes Alain and Bart continue to operate the business of the LLC as co-owners of the LLC. Can unemployed people file taxes The LLC is converted to a partnership when the new member, Bart, buys an interest in the disregarded entity from the owner, Alain. Can unemployed people file taxes Bart's buying a 50% interest in Alain's ownership interest in the LLC is treated as Bart's buying a 50% interest in each of the LLC's assets, which are treated as owned directly by Alain for federal income tax purposes. Can unemployed people file taxes Immediately thereafter, Alain and Bart are treated as contributing their respective interests in those assets to a partnership in exchange for ownership interests in the partnership. Can unemployed people file taxes Alain recognizes gain or loss from the deemed sale to Bart of the 50% interest in the assets. Can unemployed people file taxes Neither Alain nor Bart recognizes any gain or loss as a result of the deemed contribution of the assets to the partnership. Can unemployed people file taxes Example 5. Can unemployed people file taxes Charles, who is not related to Danielle, contributes $10,000 to an LLC owned by Danielle for a 50% ownership interest in the LLC. Can unemployed people file taxes The LLC uses all of the contributed cash in its business. Can unemployed people file taxes Charles and Danielle continue to operate the business of the LLC as co-owners of the LLC. Can unemployed people file taxes The LLC is converted from a disregarded entity to a partnership when Charles contributes cash to the LLC. Can unemployed people file taxes Charles's contribution is treated as a contribution to a partnership in exchange for an ownership interest in the partnership. Can unemployed people file taxes Danielle is treated as contributing all of the assets of the LLC to the partnership in exchange for a partnership interest. Can unemployed people file taxes Neither Charles nor Danielle recognizes gain or loss as a result of the conversion of the disregarded entity to a partnership. Can unemployed people file taxes   For more details on the preceding two examples, see Revenue Ruling 99-5, 1999-6 I. Can unemployed people file taxes R. Can unemployed people file taxes B. Can unemployed people file taxes 8. Can unemployed people file taxes You can find Revenue Ruling 99-5 at www. Can unemployed people file taxes irs. Can unemployed people file taxes gov/pub/irs-irbs/irb99-06. Can unemployed people file taxes pdf. Can unemployed people file taxes LLCs Classified as Corporations An LLC with either a single member or more than one member can elect to be classified as a corporation rather than be classified as a partnership or disregarded entity under the default rules discussed earlier. Can unemployed people file taxes File Form 8832, Entity Classification Election, to elect classification as a C corporation. Can unemployed people file taxes File Form 2553, Election by a Small Business Corporation, to elect classification as an S corporation. Can unemployed people file taxes LLCs electing classification as an S corporation are not required to file Form 8832 to elect classification as a corporation before filing Form 2553. Can unemployed people file taxes By filing Form 2553, an LLC is deemed to have elected classification as a corporation in addition to the S corporation classification. Can unemployed people file taxes If the LLC elects to be classified as a corporation by filing Form 8832, a copy of the LLC's Form 8832 must be attached to the federal income tax return of each direct and indirect owner of the LLC for the tax year of the owner that includes the date on which the election took effect. Can unemployed people file taxes Example 6. Can unemployed people file taxes Classification as a corporation without an S election. Can unemployed people file taxes Wanda and Sylvester are members of an LLC. Can unemployed people file taxes They agree that the LLC should be classified as a corporation but do not want to elect to have the LLC be treated as an S corporation. Can unemployed people file taxes The LLC must file Form 8832. Can unemployed people file taxes Example 7. Can unemployed people file taxes Classification as a corporation with an S election. Can unemployed people file taxes Evelyn and Carol are members of an LLC. Can unemployed people file taxes They agree that the LLC should be classified as an S corporation. Can unemployed people file taxes The LLC must file Form 2553 instead of Form 8832. Can unemployed people file taxes If the LLC is classified as a corporation, it must file a corporation income tax return. Can unemployed people file taxes If it is a C corporation, it is taxed on its taxable income and distributions to the members are includible in the members' gross income to the extent of the corporation's earnings and profits (double taxation). Can unemployed people file taxes If it is an S corporation, the corporation is generally not subject to any income tax and the income, deductions, gains, losses, and credits of the corporation “pass through” to the members. Can unemployed people file taxes Corporations generally file either: Form 1120, U. Can unemployed people file taxes S. Can unemployed people file taxes Corporation Income Tax Return; or Form 1120S, U. Can unemployed people file taxes S. Can unemployed people file taxes Income Tax Return for an S Corporation. Can unemployed people file taxes For more information on the income taxation of corporations and their shareholders, see Publication 542, Corporations. Can unemployed people file taxes For more information on the income taxation of S corporations and their shareholders, see the Instructions for Form 1120S, U. Can unemployed people file taxes S. Can unemployed people file taxes Income Tax Return for an S Corporation. Can unemployed people file taxes Subsequent Elections An LLC can elect to change its classification. Can unemployed people file taxes Generally, once an LLC has elected to change its classification, it cannot elect again to change it classification during the 60 months after the effective date of the election. Can unemployed people file taxes An election by a newly formed LLC that is effective on the date of formation is not considered a change for purposes of this limitation. Can unemployed people file taxes For more information and exceptions, see Regulations section 301. Can unemployed people file taxes 7701-3(c) and the Form 8832 instructions. Can unemployed people file taxes An election to change classification can have significant tax consequences based on the following transactions that are deemed to occur as a result of the election. Can unemployed people file taxes Partnership to corporation. Can unemployed people file taxes   An election to change classification from a partnership to a corporation will be treated as if the partnership contributed all of its assets and liabilities to the corporation in exchange for stock and the partnership then immediately liquidated by distributing the stock to its partners. Can unemployed people file taxes   For more information, see Partnership Distributions in Publication 541 and Property Exchanged for Stock in Publication 542. Can unemployed people file taxes Corporation to partnership. Can unemployed people file taxes   An election to change classification from a corporation to a partnership will be treated as if the corporation distributed all of its assets and liabilities to its shareholders in liquidation and the shareholders then immediately contributed all of the distributed assets and liabilities to a new partnership. Can unemployed people file taxes   For more information, see Contribution of Property in Publication 541 and Distributions to Shareholders in Publication 542. Can unemployed people file taxes Corporation to disregarded entity. Can unemployed people file taxes   An election to change classification from a corporation to a disregarded entity will be treated as if the corporation distributed all of its assets and liabilities to its single owner in liquidation. Can unemployed people file taxes   For more information, see Distributions to Shareholders in Publication 542. Can unemployed people file taxes Disregarded entity to corporation. Can unemployed people file taxes   An election to change classification from a disregarded entity to a corporation will be treated as if the owner of the disregarded entity contributed all of the assets and liabilities to the corporation in exchange for stock. Can unemployed people file taxes   For more information, see Property Exchanged for Stock in Publication 542. Can unemployed people file taxes How To Get More Information This section describes the help the IRS and other federal agencies offer to taxpayers who operate their own businesses. Can unemployed people file taxes Internal Revenue Service You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS in several ways. Can unemployed people file taxes By selecting the method that is best for you, you will have quick and easy access to tax help. Can unemployed people file taxes Contacting your Taxpayer Advocate. Can unemployed people file taxes   The Taxpayer Advocate Service (TAS) is an independent organization within the IRS whose employees assist taxpayers who are experiencing economic harm, who are seeking help in resolving tax problems that have not been resolved through normal channels, or who believe that an IRS system or procedure is not working as it should. Can unemployed people file taxes   You can contact the TAS by calling the TAS toll-free case intake line at 1-877-777-4778 or TTY/TDD 1-800-829-4059 to see if you are eligible for assistance. Can unemployed people file taxes You can also call or write to your local taxpayer advocate, whose phone number and address are listed in your local telephone directory and in Publication 1546, Taxpayer Advocate Service — Your Voice at the IRS. Can unemployed people file taxes You can file Form 911, Request for Taxpayer Advocate Service Assistance (And Application for Taxpayer Assistance Order), or ask an IRS employee to complete it on your behalf. Can unemployed people file taxes For more information, go to www. Can unemployed people file taxes irs. Can unemployed people file taxes gov/advocate. Can unemployed people file taxes Low Income Taxpayer Clinics (LITCs). Can unemployed people file taxes   LITCs are independent organizations that provide low income taxpayers with representation in federal tax controversies with the IRS for free or for a nominal charge. Can unemployed people file taxes The clinics also provide tax education and outreach for taxpayers with limited English proficiency or who speak English as a second language. Can unemployed people file taxes Publication 4134, Low Income Taxpayer Clinic List, provides information on clinics in your area. Can unemployed people file taxes It is available at www. Can unemployed people file taxes irs. Can unemployed people file taxes gov or at your local IRS office. Can unemployed people file taxes Small business workshops. Can unemployed people file taxes   Small business workshops are designed to help the small business owner understand and fulfill their federal tax responsibilities. Can unemployed people file taxes Workshops are sponsored and presented by IRS partners who are federal tax specialists. Can unemployed people file taxes Workshop topics vary from a general overview of taxes to more specific topics such as recordkeeping and retirement plans. Can unemployed people file taxes Although most are free, some workshops have fees associated with them. Can unemployed people file taxes Any fees charged for a workshop are paid to the sponsoring organization, not the IRS. Can unemployed people file taxes   For more information, visit www. Can unemployed people file taxes irs. Can unemployed people file taxes gov/businesses/small. Can unemployed people file taxes Subscribe to e-news for small businesses. Can unemployed people file taxes   Join the e-News for Small Businesses mailing list to receive updates, reminders, and other information useful to small business owners and self employed individuals. Can unemployed people file taxes Visit the website at www. Can unemployed people file taxes irs. Can unemployed people file taxes gov/businesses/small and click on “Subscribe to e-News. Can unemployed people file taxes ” Free tax services. Can unemployed people file taxes   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. Can unemployed people file taxes It contains a list of free tax publications and describes other free tax information services, including tax education and assistance programs and a list of TeleTax topics. Can unemployed people file taxes   Accessible versions of IRS published products are available on request in a variety of alternative formats for people with disabilities. Can unemployed people file taxes Internet. Can unemployed people file taxes You can access the IRS website at www. Can unemployed people file taxes irs. Can unemployed people file taxes gov 24 hours a day, 7 days a week, to: E-file your return. Can unemployed people file taxes Find out about commercial tax preparation and e-file services available free to eligible taxpayers. Can unemployed people file taxes Check the status of your refund. Can unemployed people file taxes Go to www. Can unemployed people file taxes irs. Can unemployed people file taxes gov and click on Where's My Refund. Can unemployed people file taxes Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. Can unemployed people file taxes If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). Can unemployed people file taxes Have your tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Can unemployed people file taxes Download forms, instructions, and publications. Can unemployed people file taxes Order IRS products online. Can unemployed people file taxes Research your tax questions online. Can unemployed people file taxes Search publications online by topic or keyword. Can unemployed people file taxes View Internal Revenue Bulletins (IRBs) published in the last few years. Can unemployed people file taxes Figure your withholding allowances using the withholding calculator online at www. Can unemployed people file taxes irs. Can unemployed people file taxes gov/individuals. Can unemployed people file taxes Determine if Form 6251 must be filed using our Alternative Minimum Tax (AMT) Assistant. Can unemployed people file taxes Sign up to receive local and national tax news by email. Can unemployed people file taxes Get information on starting and operating a small business. Can unemployed people file taxes Phone. Can unemployed people file taxes Many services are available by phone. Can unemployed people file taxes Ordering forms, instructions, and publications. Can unemployed people file taxes Call 1-800-829-3676 to order current-year forms, instructions, and publications, and prior-year forms and instructions. Can unemployed people file taxes You should receive your order within 10 days. Can unemployed people file taxes Asking tax questions. Can unemployed people file taxes Call the IRS with your tax questions at 1-800-829-1040. Can unemployed people file taxes Solving problems. Can unemployed people file taxes You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. Can unemployed people file taxes An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. Can unemployed people file taxes Call your local Taxpayer Assistance Center for an appointment. Can unemployed people file taxes To find the number, go to www. Can unemployed people file taxes irs. Can unemployed people file taxes gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Can unemployed people file taxes TTY/TDD equipment. Can unemployed people file taxes If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and publications. Can unemployed people file taxes TeleTax topics. Can unemployed people file taxes Call 1-800-829-4477 to listen to pre-recorded messages covering various tax topics. Can unemployed people file taxes Refund information. Can unemployed people file taxes To check the status of your 2009 refund, call 1-800-829-1954 during business hours or 1-800-829-4477 (automated refund information 24 hours a day, 7 days a week). Can unemployed people file taxes Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. Can unemployed people file taxes If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). Can unemployed people file taxes Have your 2009 tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Can unemployed people file taxes Refunds are sent out weekly on Fridays. Can unemployed people file taxes If you check the status of your refund and are not given the date it will be issued, please wait until the next week before checking back. Can unemployed people file taxes Evaluating the quality of our telephone services. Can unemployed people file taxes To ensure IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. Can unemployed people file taxes One method is for a second IRS representative to listen in on or record random telephone calls. Can unemployed people file taxes Another is to ask some callers to complete a short survey at the end of the call. Can unemployed people file taxes Walk-in. Can unemployed people file taxes Many products and services are available on a walk-in basis. Can unemployed people file taxes Products. Can unemployed people file taxes You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Can unemployed people file taxes Some IRS offices, libraries, grocery stores, copy centers, city and county government offices, credit unions, and office supply stores have a collection of products available to print from a CD or photocopy from reproducible proofs. Can unemployed people file taxes Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. Can unemployed people file taxes Services. Can unemployed people file taxes You can walk in to your local Taxpayer Assistance Center every business day for personal, face-to-face tax help. Can unemployed people file taxes An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. Can unemployed people file taxes If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you are more comfortable talking with someone in person, visit your local Taxpayer Assistance Center where you can spread out your records and talk with an IRS representative face-to-face. Can unemployed people file taxes No appointment is necessary—just walk in. Can unemployed people file taxes If you prefer, you can call your local Center and leave a message requesting an appointment to resolve a tax account issue. Can unemployed people file taxes A representative will call you back within 2 business days to schedule an in-person appointment at your convenience. Can unemployed people file taxes If you have an ongoing, complex tax account problem or a special need, such as a disability, an appointment can be requested. Can unemployed people file taxes All other issues will be handled without an appointment. Can unemployed people file taxes To find the number of your local office, go to www. Can unemployed people file taxes irs. Can unemployed people file taxes gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. Can unemployed people file taxes Mail. Can unemployed people file taxes You can send your order for forms, instructions, and publications to the address below. Can unemployed people file taxes You should receive a response within 10 days after your request is received. Can unemployed people file taxes Internal Revenue Service1201 N. Can unemployed people file taxes Mitsubishi MotorwayBloomington, IL 61705–6613 DVD for tax products. Can unemployed people file taxes You can order Publication 1796, IRS Tax Products DVD, and obtain: Current-year forms, instructions, and publications. Can unemployed people file taxes Prior-year forms, instructions, and publications. Can unemployed people file taxes Tax Map: an electronic research tool and finding aid. Can unemployed people file taxes Tax law frequently asked questions. Can unemployed people file taxes Tax Topics from the IRS telephone response system. Can unemployed people file taxes Internal Revenue Code—Title 26 of the U. Can unemployed people file taxes S. Can unemployed people file taxes Code. Can unemployed people file taxes Fill-in, print, and save features for most tax forms. Can unemployed people file taxes Internal Revenue Bulletins. Can unemployed people file taxes Toll-free and email technical support. Can unemployed people file taxes Two releases during the year. Can unemployed people file taxes – The first release will ship the beginning of January. Can unemployed people file taxes – The final release will ship the beginning of March. Can unemployed people file taxes Purchase the DVD from National Technical Information Service (NTIS) at www. Can unemployed people file taxes irs. Can unemployed people file taxes gov/cdorders for $30 (no handling fee) or call 1-877-CDFORMS (1-877-233-6767) toll free to buy the DVD for $30 (plus a $6 handling fee). Can unemployed people file taxes Small Business Administration The Small Business Administration (SBA) offers training and educational programs, counseling services, financial programs, and contract assistance for small business owners. Can unemployed people file taxes The SBA also has publications and videos on a variety of business topics. Can unemployed people file taxes The following briefly describes assistance provided by the SBA. Can unemployed people file taxes Small Business Development Centers (SBDCs). Can unemployed people file taxes   SBDCs provide counseling, training, and technical services to current and prospective small business owners who cannot afford the services of a private consultant. Can unemployed people file taxes Help is available when beginning, improving, or expanding a small business. Can unemployed people file taxes Business Information Centers (BICs). Can unemployed people file taxes   BICs offer a small business reference library, management video tapes, and computer technology to help plan a business. Can unemployed people file taxes BICs also offer one-on-one assistance. Can unemployed people file taxes Individuals who are in business or are interested in starting a business can use BICs as often as they wish at no charge. Can unemployed people file taxes Service Corps of Retired Executives (SCORE). Can unemployed people file taxes   SCORE provides small business counseling and training to current and prospective small business owners. Can unemployed people file taxes SCORE is made up of current and former business people who offer their expertise and knowledge to help people start, manage, and expand a small business. Can unemployed people file taxes SCORE also offers a variety of small business workshops. Can unemployed people file taxes    Internet. Can unemployed people file taxes You can visit the SBA website at www. Can unemployed people file taxes sba. Can unemployed people file taxes gov. Can unemployed people file taxes While visiting the SBA website, you can find a variety of information of interest to small business owners. Can unemployed people file taxes    Phone. Can unemployed people file taxes Call the SBA Answer Desk at 1-800-UASK-SBA (1-800-827-5722) for general information about programs available to assist small business owners. Can unemployed people file taxes    Walk-in. Can unemployed people file taxes You can walk in to a Small Business Development Center or Business Information Center to request assistance with your small business. Can unemployed people file taxes To find the location nearest you, visit the SBA website or call the SBA Answer Desk. Can unemployed people file taxes Other Federal Agencies Other federal agencies also publish publications and pamphlets to assist small businesses. Can unemployed people file taxes Most of these are available from the Superintendent of Documents at the Government Printing Office. Can unemployed people file taxes You can get information and order these publications and pamphlets in several ways. Can unemployed people file taxes Internet. Can unemployed people file taxes You can visit the GPO website at www. Can unemployed people file taxes access. Can unemployed people file taxes gpo. Can unemployed people file taxes gov. Can unemployed people file taxes Mail. Can unemployed people file taxes Write to the GPO at the following address. Can unemployed people file taxes Superintendent of DocumentsU. Can unemployed people file taxes S. Can unemployed people file taxes Government Printing OfficeP. Can unemployed people file taxes O. Can unemployed people file taxes Box 979050St. Can unemployed people file taxes Louis, MO 63917-9000 Phone. 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The Can Unemployed People File Taxes

Can unemployed people file taxes 4. Can unemployed people file taxes   Underpayment Penalty for 2013 Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: General RuleFarmers and fishermen. Can unemployed people file taxes Higher income taxpayers. Can unemployed people file taxes Minimum required for higher income taxpayers. Can unemployed people file taxes Estate or trust payments of estimated tax. Can unemployed people file taxes Lowering or eliminating the penalty. Can unemployed people file taxes ExceptionsLess Than $1,000 Due No Tax Liability Last Year Figuring Your Required Annual Payment (Part I) Short Method for Figuring the Penalty (Part III) Regular Method for Figuring the Penalty (Part IV)Figuring Your Underpayment (Part IV, Section A) Worksheet for Form 2210, Part IV, Section B—Figuring the Penalty Annualized Income Installment Method (Schedule AI) Farmers and Fishermen Waiver of PenaltyFarmers and fishermen. Can unemployed people file taxes Introduction If you did not pay enough tax, either through withholding or by making timely estimated tax payments, you will have underpaid your estimated tax and may have to pay a penalty. Can unemployed people file taxes You may understand this chapter better if you can refer to a copy of your latest federal income tax return. Can unemployed people file taxes No penalty. Can unemployed people file taxes   Generally, you will not have to pay a penalty for 2013 if any of the following apply. Can unemployed people file taxes The total of your withholding and timely estimated tax payments was at least as much as your 2012 tax. Can unemployed people file taxes (See Special rules for certain individuals for higher income taxpayers and farmers and fishermen. Can unemployed people file taxes ) The tax balance due on your 2013 return is no more than 10% of your total 2013 tax, and you paid all required estimated tax payments on time. Can unemployed people file taxes Your total tax for 2013 (defined later) minus your withholding is less than $1,000. Can unemployed people file taxes You did not have a tax liability for 2012. Can unemployed people file taxes You did not have any withholding taxes and your current year tax (less any household employment taxes) is less than $1,000. Can unemployed people file taxes IRS can figure the penalty for you. Can unemployed people file taxes   If you think you owe the penalty, but you do not want to figure it yourself when you file your tax return, you may not have to. Can unemployed people file taxes Generally, the IRS will figure the penalty for you and send you a bill. Can unemployed people file taxes   You only need to figure your penalty in the following three situations. Can unemployed people file taxes You are requesting a waiver of part, but not all, of the penalty. Can unemployed people file taxes You are using the annualized income installment method to figure the penalty. Can unemployed people file taxes You are treating the federal income tax withheld from your income as paid on the dates actually withheld. Can unemployed people file taxes However, if these situations do not apply to you, and you think you can lower or eliminate your penalty, complete Form 2210 or Form 2210-F and attach it to your return. Can unemployed people file taxes See Form 2210 , later. Can unemployed people file taxes Topics - This chapter discusses: The general rule for the underpayment penalty, Special rules for certain individuals, Exceptions to the underpayment penalty, How to figure your underpayment and the amount of your penalty on Form 2210, and How to ask the IRS to waive the penalty. Can unemployed people file taxes Useful Items - You may want to see: Form (and Instructions) 2210 Underpayment of Estimated Tax by Individuals, Estates, and Trusts 2210-F Underpayment of Estimated Tax by Farmers and Fishermen See chapter 5 for information about getting these forms. Can unemployed people file taxes General Rule In general, you may owe a penalty for 2013 if the total of your withholding and timely estimated tax payments did not equal at least the smaller of: 90% of your 2013 tax, or 100% of your 2012 tax. Can unemployed people file taxes (Your 2012 tax return must cover a 12-month period. Can unemployed people file taxes ) Your 2013 tax, for this purpose, is defined under Total tax for 2013 , later. Can unemployed people file taxes Special rules for certain individuals. Can unemployed people file taxes   There are special rules for farmers and fishermen and certain higher income taxpayers. Can unemployed people file taxes Farmers and fishermen. Can unemployed people file taxes   If at least two-thirds of your gross income for 2012 or 2013 is from farming or fishing, substitute  662/3% for 90% in (1) above. Can unemployed people file taxes   See Farmers and Fishermen , later. Can unemployed people file taxes Higher income taxpayers. Can unemployed people file taxes   If your AGI for 2012 was more than $150,000 ($75,000 if your 2013 filing status is married filing a separate return), substitute 110% for 100% in (2) under General Rule . Can unemployed people file taxes This rule does not apply to farmers or fishermen. Can unemployed people file taxes   For 2012, AGI is the amount shown on Form 1040, line 37; Form 1040A, line 21; and Form 1040EZ, line 4. Can unemployed people file taxes Penalty figured separately for each period. Can unemployed people file taxes   Because the penalty is figured separately for each payment period, you may owe a penalty for an earlier payment period even if you later paid enough to make up the underpayment. Can unemployed people file taxes This is true even if you are due a refund when you file your income tax return. Can unemployed people file taxes Example. Can unemployed people file taxes You did not make estimated tax payments for 2013 because you thought you had enough tax withheld from your wages. Can unemployed people file taxes Early in January 2014, you made an estimate of your total 2013 tax. Can unemployed people file taxes Then you realized that your withholding was $2,000 less than the amount needed to avoid a penalty for underpayment of estimated tax. Can unemployed people file taxes On January 10, you made an estimated tax payment of $3,000, which is the difference between your withholding and your estimate of your total tax. Can unemployed people file taxes Your final return shows your total tax to be $50 less than your estimate, so you are due a refund. Can unemployed people file taxes You do not owe a penalty for your payment due January 15, 2014. Can unemployed people file taxes However, you may owe a penalty through January 10, 2014, the day you made the $3,000 payment, for your underpayments for the earlier payment periods. Can unemployed people file taxes Minimum required each period. Can unemployed people file taxes   You will owe a penalty for any 2013 payment period for which your estimated tax payment plus your withholding for the period and overpayments applied from previous periods was less than the smaller of: 22. Can unemployed people file taxes 5% of your 2013 tax, or 25% of your 2012 tax. Can unemployed people file taxes (Your 2012 tax return must cover a 12-month period. Can unemployed people file taxes ) Minimum required for higher income taxpayers. Can unemployed people file taxes   If you are subject to the rule for higher income taxpayers, discussed above, substitute 27. Can unemployed people file taxes 5% for 25% in (2) under General Rule . Can unemployed people file taxes When penalty is charged. Can unemployed people file taxes   If you miss a payment or you paid less than the minimum required in a period, you may be charged an underpayment penalty from the date the amount was due to the date the payment is made. Can unemployed people file taxes If a payment is mailed, the date of the U. Can unemployed people file taxes S. Can unemployed people file taxes postmark is considered the date of payment. Can unemployed people file taxes   If a payment is made electronically, the date the payment is shown on your payment account (checking, savings, etc. Can unemployed people file taxes ) is considered to be the date of payment. Can unemployed people file taxes Estate or trust payments of estimated tax. Can unemployed people file taxes   If you have estimated taxes credited to you from an estate or trust (Schedule K-1 (Form 1041)), treat the payment as made by you on January 15, 2014. Can unemployed people file taxes Amended returns. Can unemployed people file taxes    If you file an amended return by the due date of your original return, use the tax shown on your amended return to figure your required estimated tax payments. Can unemployed people file taxes If you file an amended return after the due date of the original return, use the tax shown on the original return. Can unemployed people file taxes   However, if you and your spouse file a joint return after the due date to replace separate returns you originally filed by the due date, use the tax shown on the joint return to figure your required estimated tax payments. Can unemployed people file taxes This rule applies only if both original separate returns were filed on time. Can unemployed people file taxes 2012 separate returns and 2013 joint return. Can unemployed people file taxes    If you file a joint return with your spouse for 2013, but you filed separate returns for 2012, your 2012 tax is the total of the tax shown on your separate returns. Can unemployed people file taxes You filed a separate return if you filed as single, head of household, or married filing separately. Can unemployed people file taxes 2012 joint return and 2013 separate returns. Can unemployed people file taxes    If you file a separate return for 2013, but you filed a joint return with your spouse for 2012, your 2012 tax is your share of the tax on the joint return. Can unemployed people file taxes You are filing a separate return if you file as single, head of household, or married filing separately. Can unemployed people file taxes   To figure your share of the taxes on a joint return, first figure the tax both you and your spouse would have paid had you filed separate returns for 2012 using the same filing status as for 2013. Can unemployed people file taxes Then multiply the tax on the joint return by the following fraction. Can unemployed people file taxes   The tax you would have paid had you filed a separate return   The total tax you and your spouse would have paid had you filed separate returns Example. Can unemployed people file taxes Lisa and Paul filed a joint return for 2012 showing taxable income of $49,000 and a tax of $6,484. Can unemployed people file taxes Of the $49,000 taxable income, $41,000 was Lisa's and the rest was Paul's. Can unemployed people file taxes For 2013, they file married filing separately. Can unemployed people file taxes Lisa figures her share of the tax on the 2012 joint return as follows. Can unemployed people file taxes 2012 tax on $41,000 based on a separate return $ 6,286 2012 tax on $8,000 based on a  separate return 803 Total $ 7,089 Lisa's percentage of total tax  ($6,286 ÷ $ 7,089) 88. Can unemployed people file taxes 67% Lisa's part of tax on joint return ($6,484 × 88. Can unemployed people file taxes 67%) $ 5,749 Form 2210. Can unemployed people file taxes   In most cases, you do not need to file Form 2210. Can unemployed people file taxes The IRS will figure the penalty for you and send you a bill. Can unemployed people file taxes If you want us to figure the penalty for you, leave the penalty line on your return blank. Can unemployed people file taxes Do not file Form 2210. Can unemployed people file taxes   To determine if you should file Form 2210, see Part II of Form 2210. Can unemployed people file taxes If you decide to figure your penalty, complete Part I, Part II, and either Part III or Part IV of the form and the Penalty Worksheet in the Instructions for Form 2210. Can unemployed people file taxes If you use Form 2210, you cannot file Form 1040EZ. Can unemployed people file taxes   On Form 1040, enter the amount of your penalty on line 77. Can unemployed people file taxes If you owe tax on line 76, add the penalty to your tax due and show your total payment on line 76. Can unemployed people file taxes If you are due a refund, subtract the penalty from the overpayment and enter the result on line 73. Can unemployed people file taxes   On Form 1040A, enter the amount of your penalty on line 46. Can unemployed people file taxes If you owe tax on line 45, add the penalty to your tax due and show your total payment on line 45. Can unemployed people file taxes If you are due a refund, subtract the penalty from the overpayment and enter the result on line 42. Can unemployed people file taxes Lowering or eliminating the penalty. Can unemployed people file taxes    You may be able to lower or eliminate your penalty if you file Form 2210. Can unemployed people file taxes You must file Form 2210 with your return if any of the following applies. Can unemployed people file taxes You request a waiver. Can unemployed people file taxes See Waiver of Penalty , later. Can unemployed people file taxes You use the annualized income installment method. Can unemployed people file taxes See the explanation of this method under Annualized Income Installment Method (Schedule AI) . Can unemployed people file taxes You use your actual withholding for each payment period for estimated tax purposes. Can unemployed people file taxes See Actual withholding method under Figuring Your Underpayment (Part IV, Section A). Can unemployed people file taxes You base any of your required installments on the tax shown on your 2012 return and you filed or are filing a joint return for either 2012 or 2013, but not for both years. Can unemployed people file taxes Exceptions Generally, you do not have to pay an underpayment penalty if either: Your total tax is less than $1,000, or You had no tax liability last year. Can unemployed people file taxes Less Than $1,000 Due You do not owe a penalty if the total tax shown on your return minus the amount you paid through withholding (including excess social security and tier 1 railroad retirement (RRTA) tax withholding) is less than $1,000. Can unemployed people file taxes Total tax for 2013. Can unemployed people file taxes   For 2013, your total tax on Form 1040 is the amount on line 61 reduced by the following. Can unemployed people file taxes    Unreported social security and Medicare tax or RRTA tax from Forms 4137 or 8919 (line 57). Can unemployed people file taxes Any tax included on line 58 for excess contributions to IRAs, Archer MSAs, Coverdell education savings accounts, and health savings accounts, or any tax on excess accumulations in qualified retirement plans. Can unemployed people file taxes The following write-ins on line 60: Uncollected social security and Medicare tax or RRTA tax on tips or group-term life insurance, Tax on excess golden parachute payments, Excise tax on insider stock compensation from an expatriated corporation, Look-back interest due under section 167(g), Look-back interest due under section 460(b), Recapture of federal mortgage subsidy, and Additional tax on advance payments of health coverage tax credit when not eligible. Can unemployed people file taxes Any refundable credit amounts listed on lines 64a, 65, 66, 70, and any credit from Form 8885 included on line 71. Can unemployed people file taxes   If you filed Form 1040A, your 2013 total tax is the amount on line 35 reduced by any refundable credits on lines 38a, 39, and 40. Can unemployed people file taxes   If you filed Form 1040EZ, your 2013 total tax is the amount on line 10 reduced by the amount on line 8a. Can unemployed people file taxes Note. Can unemployed people file taxes When figuring the amount on line 60, include household employment taxes only if you had federal income tax withheld from your income or you would owe the penalty even if you did not include those taxes. Can unemployed people file taxes Paid through withholding. Can unemployed people file taxes    For 2013, the amount you paid through withholding on Form 1040 is the amount on line 62 plus any excess social security or tier 1 RRTA tax withholding on line 69. Can unemployed people file taxes Add to that any write-in amount on line 72 identified as “Form 8689. Can unemployed people file taxes ” On Form 1040A, the amount you paid through withholding is the amount on line 36 plus any excess social security or tier 1 RRTA tax withholding included on line 41. Can unemployed people file taxes On Form 1040EZ, it is the amount on line 7. Can unemployed people file taxes No Tax Liability Last Year You do not owe a penalty if you had no tax liability last year and you were a U. Can unemployed people file taxes S. Can unemployed people file taxes citizen or resident for the whole year. Can unemployed people file taxes For this rule to apply, your tax year must have included all 12 months of the year. Can unemployed people file taxes You had no tax liability for 2012 if your total tax was zero or you were not required to file an income tax return. Can unemployed people file taxes Example. Can unemployed people file taxes Ray, who is single and 22 years old, was unemployed for a few months during 2012. Can unemployed people file taxes He earned $6,700 in wages before he was laid off, and he received $1,400 in unemployment compensation afterwards. Can unemployed people file taxes He had no other income. Can unemployed people file taxes Even though he had gross income of $8,100, he did not have to pay income tax because his gross income was less than the filing requirement for a single person under age 65 ($9,750 for 2012). Can unemployed people file taxes He filed a return only to have his withheld income tax refunded to him. Can unemployed people file taxes In 2013, Ray began regular work as an independent contractor. Can unemployed people file taxes Ray made no estimated tax payments in 2013. Can unemployed people file taxes Even though he did owe tax at the end of the year, Ray does not owe the underpayment penalty for 2013 because he had no tax liability in 2012. Can unemployed people file taxes Total tax for 2012. Can unemployed people file taxes   For 2012, your total tax on Form 1040 is the amount on line 61 reduced by the following. Can unemployed people file taxes    Unreported social security and Medicare tax or RRTA tax from Forms 4137 or 8919 (line 57). Can unemployed people file taxes Any tax included on line 58 for excess contributions to IRAs, Archer MSAs, Coverdell education savings accounts, and health savings accounts, or any tax on excess accumulations in qualified retirement plans. Can unemployed people file taxes The following write-ins on line 60: Uncollected social security and Medicare tax or RRTA tax on tips or group-term life insurance, Tax on excess golden parachute payments, Excise tax on insider stock compensation from an expatriated corporation, Look-back interest due under section 167(g), Look-back interest due under section 460(b), Recapture of federal mortgage subsidy, and Additional tax on advance payments of health coverage tax credit when not eligible. Can unemployed people file taxes Any refundable credit amounts listed on lines 64a, 65, 66, 70, and credits from Forms 8801 (line 27 only), and 8885 included on line 71. Can unemployed people file taxes   If you filed Form 1040A, your 2012 total tax is the amount on line 35 reduced by any refundable credits on lines 38a, 39, and 40. Can unemployed people file taxes   If you filed Form 1040EZ, your 2012 total tax is the amount on line 11 reduced by the amount on line 8a. Can unemployed people file taxes Figuring Your Required Annual Payment (Part I) Figure your required annual payment in Part I of Form 2210, following the line-by-line instructions. Can unemployed people file taxes If you rounded the entries on your tax return to whole dollars, you can round on Form 2210. Can unemployed people file taxes Example. Can unemployed people file taxes The tax on Lori Lane's 2012 return was $12,400. Can unemployed people file taxes Her AGI was not more than $150,000 for either 2012 or 2013. Can unemployed people file taxes The tax on her 2013 return (Form 1040, line 55) is $13,044. Can unemployed people file taxes Line 56 (self-employment tax) is $8,902. Can unemployed people file taxes Her 2013 total tax is $21,946. Can unemployed people file taxes For 2013, Lori had $1,600 income tax withheld and made four equal estimated tax payments ($1,000 each). Can unemployed people file taxes 90% of her 2013 tax is $19,751. Can unemployed people file taxes Because she paid less than her 2012 tax ($12,400) and less than 90% of her 2013 tax ($19,751), and does not meet an exception, Lori knows that she owes a penalty for underpayment of estimated tax. Can unemployed people file taxes The IRS will figure the penalty for Lori, but she decides to figure it herself on Form 2210 and pay it with her taxes when she files her tax return. Can unemployed people file taxes Lori's required annual payment is $12,400 (100% of 2012 tax) because that is smaller than 90% of her 2013 tax. Can unemployed people file taxes Different 2012 filing status. Can unemployed people file taxes    If you file a separate return for 2013, but you filed a joint return with your spouse for 2012, see 2012 joint return and 2013 separate returns , earlier, to figure the amount to enter as your 2012 tax on line 8 of Form 2210. Can unemployed people file taxes Short Method for Figuring the Penalty (Part III) You may be able to use the short method in Part III of Form 2210 to figure your penalty for underpayment of estimated tax. Can unemployed people file taxes If you qualify to use this method, it will result in the same penalty amount as the regular method. Can unemployed people file taxes However, either the annualized income installment method or the actual withholding method, explained later, may result in a smaller penalty. Can unemployed people file taxes You can use the short method only if you meet one of the following requirements. Can unemployed people file taxes You made no estimated tax payments for 2013 (it does not matter whether you had income tax withholding). Can unemployed people file taxes You paid the same amount of estimated tax on each of the four payment due dates. Can unemployed people file taxes If you do not meet either requirement, figure your penalty using the regular method in Part IV of Form 2210 and the Penalty Worksheet in the instructions. Can unemployed people file taxes Note. Can unemployed people file taxes If any payment was made before the due date, you can use the short method, but the penalty may be less if you use the regular method. Can unemployed people file taxes However, if the payment was only a few days early, the difference is likely to be small. Can unemployed people file taxes You cannot use the short method if any of the following apply. Can unemployed people file taxes You made any estimated tax payments late. Can unemployed people file taxes You checked box C or D in Part II of Form 2210. Can unemployed people file taxes You are filing Form 1040NR or 1040NR-EZ and you did not receive wages as an employee subject to U. Can unemployed people file taxes S. Can unemployed people file taxes income tax withholding. Can unemployed people file taxes If you use the short method, you cannot use the annualized income installment method to figure your underpayment for each payment period. Can unemployed people file taxes Also, you cannot use your actual withholding during each period to figure your payments for each period. Can unemployed people file taxes These methods, which may give you a smaller penalty amount, are explained under Figuring Your Underpayment (Part IV, Section A). Can unemployed people file taxes Complete Part III of Form 2210 following the line-by-line instructions in the Instructions for Form 2210. Can unemployed people file taxes Regular Method for Figuring the Penalty (Part IV) You can use the regular method in Part IV of Form 2210 to figure your penalty for underpayment of estimated tax if you paid one or more estimated tax payments earlier than the due date. Can unemployed people file taxes You must use the regular method in Part IV of Form 2210 to figure your penalty for underpayment of estimated tax if any of the following apply to you. Can unemployed people file taxes You paid one or more estimated tax payments on a date after the due date. Can unemployed people file taxes You paid at least one, but less than four, installments of estimated tax. Can unemployed people file taxes You paid estimated tax payments in un- equal amounts. Can unemployed people file taxes You use the annualized income installment method to figure your underpayment for each payment period. Can unemployed people file taxes You use your actual withholding during each payment period to figure your payments. Can unemployed people file taxes Under the regular method, figure your underpayment for each payment period in Section A, then figure your penalty using the Penalty Worksheet in the Instructions for Form 2210. Can unemployed people file taxes Enter the results on line 27 of Section B. Can unemployed people file taxes Figuring Your Underpayment (Part IV, Section A) Figure your underpayment of estimated tax for each payment period in Section A following the line-by-line instructions in the Instructions for Form 2210. Can unemployed people file taxes Complete lines 20 through 26 of the first column before going to line 20 of the next column. Can unemployed people file taxes Required installments—line 18. Can unemployed people file taxes   Your required payment for each payment period (line 18) is usually one-fourth of your required annual payment (Part I, line 9). Can unemployed people file taxes This method—the regular method—is the one to use if you received your income evenly throughout the year. Can unemployed people file taxes   However, if you did not receive your income evenly throughout the year, you may be able to lower or eliminate your penalty by figuring your underpayment using the annualized income installment method. Can unemployed people file taxes First complete Schedule AI (Form 2210), then enter the amounts from line 25 of that schedule on line 18 of Form 2210, Part IV. Can unemployed people file taxes See Annualized Income Installment Method (Schedule AI), later. Can unemployed people file taxes Payments made—line 19. Can unemployed people file taxes   Enter in each column the total of: Your estimated tax paid after the due date for the previous column and by the due date shown at the top of the column, and One-fourth of your withholding. Can unemployed people file taxes For special rules for figuring your payments, see Form 2210 instructions for line 19. Can unemployed people file taxes   If you file Form 1040, your withholding is the amount on line 62, plus any excess social security or tier 1 RRTA tax withholding on line 69. Can unemployed people file taxes If you file Form 1040A, your withholding is the amount on line 36 plus any excess social security or tier 1 RRTA tax withholding included in line 41. Can unemployed people file taxes Actual withholding method. Can unemployed people file taxes    Instead of using one-fourth of your withholding for each quarter, you can choose to use the amounts actually withheld by each due date. Can unemployed people file taxes You can make this choice separately for the tax withheld from your wages and for all other withholding. Can unemployed people file taxes This includes any excess social security and tier 1 RRTA tax withheld. Can unemployed people file taxes   Using your actual withholding may result in a smaller penalty if most of your withholding occurred early in the year. Can unemployed people file taxes   If you use your actual withholding, you must check box D in Form 2210, Part II. Can unemployed people file taxes Then complete Form 2210 using the regular method (Part IV) and file it with your return. Can unemployed people file taxes Worksheet for Form 2210, Part IV, Section B—Figuring the Penalty Figure the amount of your penalty for Section B using the Penalty Worksheet in the Form 2210 instructions. Can unemployed people file taxes The penalty is imposed on each underpayment amount shown on Form 2210, Section A, line 25, for the number of days that it remained unpaid. Can unemployed people file taxes For 2013, there are four rate periods—April 16 through June 30, July 1 through September 30, October 1 through December 31, and January 1, 2014 through April 15, 2014. Can unemployed people file taxes A 3% rate applies to all four periods. Can unemployed people file taxes Payments. Can unemployed people file taxes    Before completing the Penalty Worksheet, it may be helpful to make a list of the payments you made and income tax withheld after the due date (or the last day payments could be made on time) for the earliest payment period an underpayment occurred. Can unemployed people file taxes For example, if you had an underpayment for the first payment period, list your payments after April 15, 2013. Can unemployed people file taxes You can use the table in the Form 2210 instructions to make your list. Can unemployed people file taxes Follow those instructions for listing income tax withheld and payments made with your return. Can unemployed people file taxes Use the list to determine when each underpayment was paid. Can unemployed people file taxes   If you mail your estimated tax payments, use the date of the U. Can unemployed people file taxes S. Can unemployed people file taxes postmark as the date of payment. Can unemployed people file taxes Line 1b. Can unemployed people file taxes   Apply the payments listed to underpayment balance in the first column until it is fully paid. Can unemployed people file taxes Apply payments in the order made. Can unemployed people file taxes Figuring the penalty. Can unemployed people file taxes   If an underpayment was paid in two or more payments on different dates, you must figure the penalty separately for each payment. Can unemployed people file taxes On line 3 of the Penalty Worksheet enter the number of days between the due date (line 2) and the date of each payment on line 1b. Can unemployed people file taxes On line 4 figure the penalty for the amount of each payment applied on line 1b or the amount remaining unpaid. Can unemployed people file taxes If no payments are applied, figure the penalty on the amount on line 1a. Can unemployed people file taxes Aid for counting days. Can unemployed people file taxes    Table 4-1 provides a simple method for counting the number of days between a due date and a payment date. Can unemployed people file taxes Find the number for the date the payment was due by going across to the column of the month the payment was due and moving down the column to the due date. Can unemployed people file taxes In the same manner, find the number for the date the payment was made. Can unemployed people file taxes Subtract the due date “number” from the payment date “number. Can unemployed people file taxes ”   For example, if a payment was due on June 15 (61), but was not paid until September 1 (139), the payment was 78 (139 – 61) days late. Can unemployed people file taxes Table 4-1. Can unemployed people file taxes Calendar To Determine the Number of Days a Payment Is Late Instructions. Can unemployed people file taxes Use this table with Form 2210 if you are completing Part IV, Section B. Can unemployed people file taxes First, find the number for the payment due date by going across to the column of the month the payment was due and moving down the column to the due date. Can unemployed people file taxes Then, in the same manner, find the number for the date the payment was made. Can unemployed people file taxes Finally, subtract the due date number from the payment date number. Can unemployed people file taxes The result is the number of days the payment is late. Can unemployed people file taxes Example. Can unemployed people file taxes The payment due date is June 15 (61). Can unemployed people file taxes The payment was made on November 4 (203). Can unemployed people file taxes The payment is 142 days late (203 – 61). Can unemployed people file taxes Tax Year 2013 Day of 2013 2013 2013 2013 2013 2013 2013 2013 2013 2014 2014 2014 2014 Month April May June July Aug. Can unemployed people file taxes Sept. Can unemployed people file taxes Oct. Can unemployed people file taxes Nov. Can unemployed people file taxes Dec. Can unemployed people file taxes Jan. Can unemployed people file taxes Feb. Can unemployed people file taxes Mar. Can unemployed people file taxes Apr. Can unemployed people file taxes 1   16 47 77 108 139 169 200 230 261 292 320 351 2   17 48 78 109 140 170 201 231 262 293 321 352 3   18 49 79 110 141 171 202 232 263 294 322 353 4   19 50 80 111 142 172 203 233 264 295 323 354 5   20 51 81 112 143 173 204 234 265 296 324 355 6   21 52 82 113 144 174 205 235 266 297 325 356 7   22 53 83 114 145 175 206 236 267 298 326 357 8   23 54 84 115 146 176 207 237 268 299 327 358 9   24 55 85 116 147 177 208 238 269 300 328 359 10   25 56 86 117 148 178 209 239 270 301 329 360 11   26 57 87 118 149 179 210 240 271 302 330 361 12   27 58 88 119 150 180 211 241 272 303 331 362 13   28 59 89 120 151 181 212 242 273 304 332 363 14   29 60 90 121 152 182 213 243 274 305 333 364 15 0 30 61 91 122 153 183 214 244 275 306 334 365 16 1 31 62 92 123 154 184 215 245 276 307 335   17 2 32 63 93 124 155 185 216 246 277 308 336   18 3 33 64 94 125 156 186 217 247 278 309 337   19 4 34 65 95 126 157 187 218 248 279 310 338   20 5 35 66 96 127 158 188 219 249 280 311 339   21 6 36 67 97 128 159 189 220 250 281 312 340   22 7 37 68 98 129 160 190 221 251 282 313 341   23 8 38 69 99 130 161 191 222 252 283 314 342   24 9 39 70 100 131 162 192 223 253 284 315 343   25 10 40 71 101 132 163 193 224 254 285 316 344   26 11 41 72 102 133 164 194 225 255 286 317 345   27 12 42 73 103 134 165 195 226 256 287 318 346   28 13 43 74 104 135 166 196 227 257 288 319 347   29 14 44 75 105 136 167 197 228 258 289   348   30 15 45 76 106 137 168 198 229 259 290   349   31   46   107 138   199   260 291   350   Annualized Income Installment Method (Schedule AI) If you did not receive your income evenly throughout the year (for example, your income from a shop you operated at a marina was much larger in the summer than it was during the rest of the year), you may be able to lower or eliminate your penalty by figuring your underpayment using the annualized income installment method. Can unemployed people file taxes Under this method, your required installment (Part IV, line 18) for one or more payment periods may be less than one-fourth of your required annual payment. Can unemployed people file taxes To figure your underpayment using this method, complete Form 2210, Schedule AI. Can unemployed people file taxes Schedule AI annualizes your tax at the end of each payment period based on your income, deductions, and other items relating to events that occurred from the beginning of the tax year through the end of the period. Can unemployed people file taxes If you use the annualized income installment method, you must check box C in Part II of Form 2210. Can unemployed people file taxes Also, you must attach Form 2210 and Schedule AI to your return. Can unemployed people file taxes If you use Schedule AI for any payment due date, you must use it for all payment due dates. Can unemployed people file taxes Completing Schedule AI. Can unemployed people file taxes   Follow the Form 2210 instructions to complete Schedule AI. Can unemployed people file taxes For each period shown on Schedule AI, figure your income and deductions based on your method of accounting. Can unemployed people file taxes If you use the cash method of accounting (used by most people), include all income actually or constructively received during the period and all deductions actually paid during the period. Can unemployed people file taxes Note. Can unemployed people file taxes Each period includes amounts from the previous period(s). Can unemployed people file taxes Period (a) includes items for January 1 through March 31. Can unemployed people file taxes Period (b) includes items for January 1 through May 31. Can unemployed people file taxes Period (c) includes items for January 1 through August 31. Can unemployed people file taxes Period (d) includes items for the entire year. Can unemployed people file taxes Farmers and Fishermen If you are a farmer or fisherman, the following special rules for underpayment of estimated tax apply to you. Can unemployed people file taxes The penalty for underpaying your 2013 estimated tax will not apply if you file your return and pay all the tax due by March 3, 2014. Can unemployed people file taxes If you are a fiscal year taxpayer, the penalty will not apply if you file your return and pay the tax due by the first day of the third month after the end of your tax year. Can unemployed people file taxes Any penalty you owe for underpaying your 2013 estimated tax will be figured from one payment due date, January 15, 2014. Can unemployed people file taxes The underpayment penalty for 2013 is figured on the difference between the amount of 2013 withholding plus estimated tax paid by the due date and the smaller of: 662/3% (rather than 90%) of your 2013 tax, or 100% of the tax shown on your 2012 return. Can unemployed people file taxes Even if these special rules apply to you, you will not owe the penalty if you meet either of the two conditions discussed under Exceptions . Can unemployed people file taxes See Who Must Pay Estimated Tax in chapter 2 for the definition of a farmer or fisherman who is eligible for these special rules. Can unemployed people file taxes Form 2210-F. Can unemployed people file taxes   Use Form 2210-F to figure any underpayment penalty. Can unemployed people file taxes Do not attach it to your return unless you check a box in Part I. Can unemployed people file taxes However, if none of the boxes apply to you and you owe a penalty, you do not need to attach Form 2210-F. Can unemployed people file taxes Enter the amount from line 16 on Form 1040, line 77 and add the penalty to any balance due on your return or subtract it from your refund. Can unemployed people file taxes Keep your filled-in Form 2210-F for your records. Can unemployed people file taxes    If none of the boxes on Form 2210-F apply to you and you owe a penalty, the IRS can figure your penalty and send you a bill. Can unemployed people file taxes Waiver of Penalty The IRS can waive the penalty for underpayment if either of the following applies. Can unemployed people file taxes You did not make a payment because of a casualty, disaster, or other unusual circumstance and it would be inequitable to impose the penalty. Can unemployed people file taxes You retired (after reaching age 62) or became disabled in 2012 or 2013 and both the following requirements are met. Can unemployed people file taxes You had a reasonable cause for not making the payment. Can unemployed people file taxes Your underpayment was not due to willful neglect. Can unemployed people file taxes How to request a waiver. Can unemployed people file taxes   To request a waiver, see the Instructions for Form 2210. Can unemployed people file taxes Farmers and fishermen. Can unemployed people file taxes   To request a waiver, see the Instructions for Form 2210-F. Can unemployed people file taxes Federally declared disaster. Can unemployed people file taxes   Certain estimated tax payment deadlines for taxpayers who reside or have a business in a federally declared disaster area are postponed for a period during and after the disaster. Can unemployed people file taxes During the processing of your tax return, the IRS automatically identifies taxpayers located in a covered disaster area (by county or parish) and applies the appropriate penalty relief. Can unemployed people file taxes Do not file Form 2210 or 2210-F if your underpayment was due to a federally declared disaster. Can unemployed people file taxes If you still owe a penalty after the automatic waiver is applied, we will send you a bill. Can unemployed people file taxes   Individuals, estates, and trusts not in a covered disaster area but whose books, records, or tax professionals' offices are in a covered area are also entitled to relief. Can unemployed people file taxes Also eligible are relief workers affiliated with a recognized government or charitable organization assisting in the relief activities in a covered disaster area. Can unemployed people file taxes If you meet either of these eligibility requirements, you must call the IRS disaster hotline at 1-866-562-5227 and identify yourself as eligible for this relief. Can unemployed people file taxes   Details on the applicable disaster postponement period can be found at IRS. Can unemployed people file taxes gov. Can unemployed people file taxes Enter Tax Relief in Disaster Situations. Can unemployed people file taxes Select the federally declared disaster that affected you. Can unemployed people file taxes    Worksheet 4-1. Can unemployed people file taxes 2013 Form 2210, Schedule AI—Line 12 Qualified Dividends and Capital Gain Tax Worksheet Note. Can unemployed people file taxes To figure the annualized entries for lines 2, 3, and 5 below, multiply the expected amount for the period by the  annualization amount on line 2 of Schedule AI for the same period. Can unemployed people file taxes                   1. Can unemployed people file taxes Enter line 11 of your Schedule AI, or line 3 from Worksheet 4-2 1. Can unemployed people file taxes       2. Can unemployed people file taxes Enter your annualized qualified dividends for the period 2. Can unemployed people file taxes           3. Can unemployed people file taxes Are you filing Schedule D?               □ Yes. Can unemployed people file taxes Enter the smaller of your annualized amount from line 15 or line 16 of Schedule D. Can unemployed people file taxes If either line 15 or line 16 is blank or a loss, enter -0-. Can unemployed people file taxes 3. Can unemployed people file taxes             □ No. Can unemployed people file taxes Enter your annualized capital gain distributions from Form 1040, line 13             4. Can unemployed people file taxes Add lines 2 and 3   4. Can unemployed people file taxes           5. Can unemployed people file taxes If you are claiming investment interest expense on Form 4952, enter your annualized amount from line 4g of that form. Can unemployed people file taxes Otherwise, enter -0-   5. Can unemployed people file taxes           6. Can unemployed people file taxes Subtract line 5 from line 4. Can unemployed people file taxes If zero or less, enter -0- 6. Can unemployed people file taxes       7. Can unemployed people file taxes Subtract line 6 from line 1. Can unemployed people file taxes If zero or less, enter -0- 7. Can unemployed people file taxes       8. Can unemployed people file taxes Enter: $36,900 if single or married filing separately, $73,800 if married filing jointly or qualifying widow(er), $49,400 if head of household. Can unemployed people file taxes 8. Can unemployed people file taxes       9. Can unemployed people file taxes Enter the smaller of line 1 or line 8 9. Can unemployed people file taxes       10. Can unemployed people file taxes Enter the smaller of line 7 or line 9 10. Can unemployed people file taxes       11. Can unemployed people file taxes Subtract line 10 from line 9. Can unemployed people file taxes This amount is taxed at 0% 11. Can unemployed people file taxes       12. Can unemployed people file taxes Enter the smaller of line 1 or line 6 12. Can unemployed people file taxes       13. Can unemployed people file taxes Enter the amount from line 11 13. Can unemployed people file taxes       14. Can unemployed people file taxes Subtract line 13 from line 12 14. Can unemployed people file taxes       15. Can unemployed people file taxes Multiply line 14 by 15% (. Can unemployed people file taxes 15) 15. Can unemployed people file taxes   16. Can unemployed people file taxes Figure the tax on the amount on line 7. Can unemployed people file taxes If the amount on line 7 is less than $100,000, use the Tax Table in the 2013 Form 1040 instructions to figure this tax. Can unemployed people file taxes If the amount on line 7 is $100,000 or more, use the Tax Computation Worksheet in the 2013 Form 1040 instructions 16. Can unemployed people file taxes   17. Can unemployed people file taxes Add lines 15 and 16 17. Can unemployed people file taxes   18. Can unemployed people file taxes Figure the tax on the amount on line 1. Can unemployed people file taxes If the amount on line 1 is less than $100,000, use the Tax Table in the 2013 Form 1040 instructions to figure this tax. Can unemployed people file taxes If the amount on line 1 is $100,000 or more, use the Tax Computation Worksheet in the 2013 Form 1040 instructions 18. Can unemployed people file taxes   19. Can unemployed people file taxes Tax on all taxable income. Can unemployed people file taxes Enter the smaller of line 17 or line 18. Can unemployed people file taxes Also enter this amount on line 12 of Schedule AI in the appropriate column. Can unemployed people file taxes However, if you are using this worksheet to figure the tax on the amount on line 3 of Worksheet 4-2, enter the amount from line 19 on Worksheet 4-2, line 4 19. Can unemployed people file taxes   Worksheet 4-2. Can unemployed people file taxes 2013 Form 2210, Schedule AI—Line 12 Foreign Earned Income Tax Worksheet Before you begin:If Schedule AI, line 11, is zero for the period, do not complete this worksheet. Can unemployed people file taxes             1. Can unemployed people file taxes Enter the amount from line 11 of Schedule AI for the period 1. Can unemployed people file taxes   2. Can unemployed people file taxes Enter the annualized amount* of foreign earned income and housing amount excluded or deducted (from  Form 2555, lines 45 and 50, or Form 2555-EZ, line 18) in figuring the amount entered for the period on line 1  of Schedule AI 2. Can unemployed people file taxes   3. Can unemployed people file taxes Add lines 1 and 2 3. Can unemployed people file taxes   4. Can unemployed people file taxes Tax on the amount on line 3. Can unemployed people file taxes Use the Tax Table, Tax Computation Worksheet, Form 8615**, Qualified Dividends and Capital Gain Tax Worksheet***, or Schedule D Tax Worksheet***, whichever applies. Can unemployed people file taxes See the 2013 Instructions for Form 1040, line 44, to find out which tax computation method to use. Can unemployed people file taxes (Note. Can unemployed people file taxes You do not have to use the same method for each period on Schedule AI. Can unemployed people file taxes ) 4. Can unemployed people file taxes   5. Can unemployed people file taxes Tax on the amount on line 2. Can unemployed people file taxes If the amount on line 2 is less than $100,000, use the Tax Table in the 2013 Form 1040 instructions to figure this tax. Can unemployed people file taxes If the amount on line 7 is $100,000 or more, use the Tax Computation Worksheet in the 2013 Form 1040 instructions 5. Can unemployed people file taxes   6. Can unemployed people file taxes Subtract line 5 from line 4. Can unemployed people file taxes Enter the result here and on line 12 of Schedule AI. Can unemployed people file taxes If zero or less,  enter -0- 6. Can unemployed people file taxes             * To figure the annualized amount for line 2, multiply the exclusion or deduction for the period by the annualization amount on line 2 of Schedule AI for the same period. Can unemployed people file taxes     ** If you use Form 8615 to figure the tax on line 4 above, enter the amount from line 3 above on line 4 of Form 8615. Can unemployed people file taxes If the child's parent files Form 2555 or 2555-EZ, enter the amounts from lines 3 and 4 of the parent's Foreign Earned Income Tax Worksheet on lines 6 and 10, respectively, of Form 8615. Can unemployed people file taxes Complete the rest of Form 8615 according to its instructions. Can unemployed people file taxes Then complete lines 5 and 6 above. Can unemployed people file taxes     *** Enter the amount from line 3 above on line 1 of the Qualified Dividends and Capital Gain Tax Worksheet (or Worksheet 4-1 in this chapter) or the Schedule D Tax Worksheet, whichever worksheet you use to figure the tax on line 4 above. Can unemployed people file taxes Complete that worksheet through line 6 (line 10 if you use the Schedule D Tax Worksheet). Can unemployed people file taxes Next, determine if you have a capital gain excess. Can unemployed people file taxes     Figuring capital gain excess. Can unemployed people file taxes To find out if you have a capital gain excess for the appropriate period, subtract line 11 of Schedule AI from line 6 of Worksheet 4-1 or your Qualified Dividends and Capital Gain Tax Worksheet (line 10 of your Schedule D Tax Worksheet). Can unemployed people file taxes If the result is more than zero, that amount is your capital gain excess. Can unemployed people file taxes     No capital gain excess. Can unemployed people file taxes If you do not have a capital gain excess, complete the rest of Worksheet 4-1, Qualified Dividends and Capital Gain Tax Worksheet, or the Schedule D Tax Worksheet according to the worksheet's instructions. Can unemployed people file taxes Then complete lines 5 and 6 above. Can unemployed people file taxes     Capital gain excess. Can unemployed people file taxes If you have a capital gain excess, complete a second Worksheet 4-1, Qualified Dividends and Capital Gain Tax Worksheet, or Schedule D Tax Worksheet (whichever applies) as instructed above but in its entirety and with the following additional modifications. Can unemployed people file taxes Then complete lines 5 and 6 above. Can unemployed people file taxes     Make the modifications below only for purposes of filling out Worksheet 4-2 above. Can unemployed people file taxes     a. Can unemployed people file taxes Reduce (but not below zero) the amount you otherwise would enter on line 3 of your Worksheet 4-1, line 3 of your Qualified Dividends and Capital Gain Tax Worksheet, or line 9 of your Schedule D Tax Worksheet by your capital gain excess. Can unemployed people file taxes     b. Can unemployed people file taxes Reduce (but not below zero) the amount you otherwise would enter on line 2 of your Worksheet 4-1, line 2 of your Qualified Dividends and Capital Gain Tax Worksheet, or line 6 of your Schedule D Tax Worksheet by any of your capital gain excess not used in (a) above. Can unemployed people file taxes     c. Can unemployed people file taxes Reduce (but not below zero) the amount on your Schedule D (Form 1040), line 18, by your capital gain excess. Can unemployed people file taxes     d. Can unemployed people file taxes Include your capital gain excess as a loss on line 16 of your Unrecaptured Section 1250 Gain Worksheet in the 2013 Instructions for Schedule D (Form 1040). Can unemployed people file taxes   Prev  Up  Next   Home   More Online Publications