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Download A 1040ez Federal Tax Form

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Download A 1040ez Federal Tax Form

Download a 1040ez federal tax form 1. Download a 1040ez federal tax form   Rental Income and Expenses (If No Personal Use of Dwelling) Table of Contents Rental IncomeWhen To Report Types of Income Rental ExpensesWhen To Deduct Types of Expenses This chapter discusses the various types of rental income and expenses for a residential rental activity with no personal use of the dwelling. Download a 1040ez federal tax form Generally, each year you will report all income and deduct all out-of-pocket expenses in full. Download a 1040ez federal tax form The deduction to recover the cost of your rental property—depreciation—is taken over a prescribed number of years, and is discussed in chapter 2, Depreciation of Rental Property. Download a 1040ez federal tax form If your rental income is from property you also use personally or rent to someone at less than a fair rental price, first read the information in chapter 5 , Personal Use of Dwelling Unit (Including Vacation Home). Download a 1040ez federal tax form Rental Income In most cases, you must include in your gross income all amounts you receive as rent. Download a 1040ez federal tax form Rental income is any payment you receive for the use or occupation of property. Download a 1040ez federal tax form In addition to amounts you receive as normal rental payments, there are other amounts that may be rental income. Download a 1040ez federal tax form When To Report When you report rental income on your tax return generally depends on whether you are a cash basis taxpayer or use an accrual method. Download a 1040ez federal tax form Most individual taxpayers use the cash method. Download a 1040ez federal tax form Cash method. Download a 1040ez federal tax form   You are a cash basis taxpayer if you report income on your return in the year you actually or constructively receive it, regardless of when it was earned. Download a 1040ez federal tax form You constructively receive income when it is made available to you, for example, by being credited to your bank account. Download a 1040ez federal tax form Accrual method. Download a 1040ez federal tax form    If you are an accrual basis taxpayer, you generally report income when you earn it, rather than when you receive it. Download a 1040ez federal tax form You generally deduct your expenses when you incur them, rather than when you pay them. Download a 1040ez federal tax form More information. Download a 1040ez federal tax form   See Publication 538, Accounting Periods and Methods, for more information about when you constructively receive income and accrual methods of accounting. Download a 1040ez federal tax form Types of Income The following are common types of rental income. Download a 1040ez federal tax form Advance rent. Download a 1040ez federal tax form   Advance rent is any amount you receive before the period that it covers. Download a 1040ez federal tax form Include advance rent in your rental income in the year you receive it regardless of the period covered or the method of accounting you use. Download a 1040ez federal tax form Example. Download a 1040ez federal tax form On March 18, 2013, you signed a 10-year lease to rent your property. Download a 1040ez federal tax form During 2013, you received $9,600 for the first year's rent and $9,600 as rent for the last year of the lease. Download a 1040ez federal tax form You must include $19,200 in your rental income in the first year. Download a 1040ez federal tax form Canceling a lease. Download a 1040ez federal tax form   If your tenant pays you to cancel a lease, the amount you receive is rent. Download a 1040ez federal tax form Include the payment in your income in the year you receive it regardless of your method of accounting. Download a 1040ez federal tax form Expenses paid by tenant. Download a 1040ez federal tax form   If your tenant pays any of your expenses, those payments are rental income. Download a 1040ez federal tax form Because you must include this amount in income, you can also deduct the expenses if they are deductible rental expenses. Download a 1040ez federal tax form For more information, see Rental Expenses , later. Download a 1040ez federal tax form Example 1. Download a 1040ez federal tax form Your tenant pays the water and sewage bill for your rental property and deducts the amount from the normal rent payment. Download a 1040ez federal tax form Under the terms of the lease, your tenant does not have to pay this bill. Download a 1040ez federal tax form Include the utility bill paid by the tenant and any amount received as a rent payment in your rental income. Download a 1040ez federal tax form You can deduct the utility payment made by your tenant as a rental expense. Download a 1040ez federal tax form Example 2. Download a 1040ez federal tax form While you are out of town, the furnace in your rental property stops working. Download a 1040ez federal tax form Your tenant pays for the necessary repairs and deducts the repair bill from the rent payment. Download a 1040ez federal tax form Include the repair bill paid by the tenant and any amount received as a rent payment in your rental income. Download a 1040ez federal tax form You can deduct the repair payment made by your tenant as a rental expense. Download a 1040ez federal tax form Property or services. Download a 1040ez federal tax form   If you receive property or services as rent, instead of money, include the fair market value of the property or services in your rental income. Download a 1040ez federal tax form   If the services are provided at an agreed upon or specified price, that price is the fair market value unless there is evidence to the contrary. Download a 1040ez federal tax form Example. Download a 1040ez federal tax form Your tenant is a house painter. Download a 1040ez federal tax form He offers to paint your rental property instead of paying 2 months rent. Download a 1040ez federal tax form You accept his offer. Download a 1040ez federal tax form Include in your rental income the amount the tenant would have paid for 2 months rent. Download a 1040ez federal tax form You can deduct that same amount as a rental expense for painting your property. Download a 1040ez federal tax form Security deposits. Download a 1040ez federal tax form   Do not include a security deposit in your income when you receive it if you plan to return it to your tenant at the end of the lease. Download a 1040ez federal tax form But if you keep part or all of the security deposit during any year because your tenant does not live up to the terms of the lease, include the amount you keep in your income in that year. Download a 1040ez federal tax form    If an amount called a security deposit is to be used as a final payment of rent, it is advance rent. Download a 1040ez federal tax form Include it in your income when you receive it. Download a 1040ez federal tax form Other Sources of Rental Income Lease with option to buy. Download a 1040ez federal tax form   If the rental agreement gives your tenant the right to buy your rental property, the payments you receive under the agreement are generally rental income. Download a 1040ez federal tax form If your tenant exercises the right to buy the property, the payments you receive for the period after the date of sale are considered part of the selling price. Download a 1040ez federal tax form Part interest. Download a 1040ez federal tax form   If you own a part interest in rental property, you must report your part of the rental income from the property. Download a 1040ez federal tax form Rental of property also used as your home. Download a 1040ez federal tax form   If you rent property that you also use as your home and you rent it less than 15 days during the tax year, do not include the rent you receive in your income and do not deduct rental expenses. Download a 1040ez federal tax form However, you can deduct on Schedule A (Form 1040), Itemized Deductions, the interest, taxes, and casualty and theft losses that are allowed for nonrental property. Download a 1040ez federal tax form See chapter 5, Personal Use of Dwelling Unit (Including Vacation Home). Download a 1040ez federal tax form Rental Expenses In most cases, the expenses of renting your property, such as maintenance, insurance, taxes, and interest, can be deducted from your rental income. Download a 1040ez federal tax form Personal use of rental property. Download a 1040ez federal tax form   If you sometimes use your rental property for personal purposes, you must divide your expenses between rental and personal use. Download a 1040ez federal tax form Also, your rental expense deductions may be limited. Download a 1040ez federal tax form See chapter 5, Personal Use of Dwelling Unit (Including Vacation Home). Download a 1040ez federal tax form Part interest. Download a 1040ez federal tax form   If you own a part interest in rental property, you can deduct expenses you paid according to your percentage of ownership. Download a 1040ez federal tax form Example. Download a 1040ez federal tax form Roger owns a one-half undivided interest in a rental house. Download a 1040ez federal tax form Last year he paid $968 for necessary repairs on the property. Download a 1040ez federal tax form Roger can deduct $484 (50% × $968) as a rental expense. Download a 1040ez federal tax form He is entitled to reimbursement for the remaining half from the co-owner. Download a 1040ez federal tax form When To Deduct You generally deduct your rental expenses in the year you pay them. Download a 1040ez federal tax form If you use the accrual method, see Publication 538 for more information. Download a 1040ez federal tax form Types of Expenses Listed below are the most common rental expenses. Download a 1040ez federal tax form Advertising. Download a 1040ez federal tax form Auto and travel expenses. Download a 1040ez federal tax form Cleaning and maintenance. Download a 1040ez federal tax form Commissions. Download a 1040ez federal tax form Depreciation. Download a 1040ez federal tax form Insurance. Download a 1040ez federal tax form Interest (other). Download a 1040ez federal tax form Legal and other professional fees. Download a 1040ez federal tax form Local transportation expenses. Download a 1040ez federal tax form Management fees. Download a 1040ez federal tax form Mortgage interest paid to banks, etc. Download a 1040ez federal tax form Points. Download a 1040ez federal tax form Rental payments. Download a 1040ez federal tax form Repairs. Download a 1040ez federal tax form Taxes. Download a 1040ez federal tax form Utilities. Download a 1040ez federal tax form Some of these expenses, as well as other less common ones, are discussed below. Download a 1040ez federal tax form Depreciation. Download a 1040ez federal tax form   Depreciation is a capital expense. Download a 1040ez federal tax form It is the mechanism for recovering your cost in an income producing property and must be taken over the expected life of the property. Download a 1040ez federal tax form   You can begin to depreciate rental property when it is ready and available for rent. Download a 1040ez federal tax form See Placed in Service under When Does Depreciation Begin and End in chapter 2. Download a 1040ez federal tax form Insurance premiums paid in advance. Download a 1040ez federal tax form   If you pay an insurance premium for more than one year in advance, for each year of coverage you can deduct the part of the premium payment that will apply to that year. Download a 1040ez federal tax form You cannot deduct the total premium in the year you pay it. Download a 1040ez federal tax form See chapter 6 of Publication 535 for information on deductible premiums. Download a 1040ez federal tax form Interest expense. Download a 1040ez federal tax form   You can deduct mortgage interest you pay on your rental property. Download a 1040ez federal tax form When you refinance a rental property for more than the previous outstanding balance, the portion of the interest allocable to loan proceeds not related to rental use generally cannot be deducted as a rental expense. Download a 1040ez federal tax form Chapter 4 of Publication 535 explains mortgage interest in detail. Download a 1040ez federal tax form Expenses paid to obtain a mortgage. Download a 1040ez federal tax form   Certain expenses you pay to obtain a mortgage on your rental property cannot be deducted as interest. Download a 1040ez federal tax form These expenses, which include mortgage commissions, abstract fees, and recording fees, are capital expenses that are part of your basis in the property. Download a 1040ez federal tax form Form 1098, Mortgage Interest Statement. Download a 1040ez federal tax form   If you paid $600 or more of mortgage interest on your rental property to any one person, you should receive a Form 1098 or similar statement showing the interest you paid for the year. Download a 1040ez federal tax form If you and at least one other person (other than your spouse if you file a joint return) were liable for, and paid interest on, the mortgage, and the other person received the Form 1098, report your share of the interest on Schedule E (Form 1040), line 13. Download a 1040ez federal tax form Attach a statement to your return showing the name and address of the other person. Download a 1040ez federal tax form On the dotted line next to line 13, enter “See attached. Download a 1040ez federal tax form ” Legal and other professional fees. Download a 1040ez federal tax form   You can deduct, as a rental expense, legal and other professional expenses such as tax return preparation fees you paid to prepare Schedule E, Part I. Download a 1040ez federal tax form For example, on your 2013 Schedule E you can deduct fees paid in 2013 to prepare Part I of your 2012 Schedule E. Download a 1040ez federal tax form You can also deduct, as a rental expense, any expense (other than federal taxes and penalties) you paid to resolve a tax underpayment related to your rental activities. Download a 1040ez federal tax form Local benefit taxes. Download a 1040ez federal tax form   In most cases, you cannot deduct charges for local benefits that increase the value of your property, such as charges for putting in streets, sidewalks, or water and sewer systems. Download a 1040ez federal tax form These charges are nondepreciable capital expenditures and must be added to the basis of your property. Download a 1040ez federal tax form However, you can deduct local benefit taxes that are for maintaining, repairing, or paying interest charges for the benefits. Download a 1040ez federal tax form Local transportation expenses. Download a 1040ez federal tax form   You may be able to deduct your ordinary and necessary local transportation expenses if you incur them to collect rental income or to manage, conserve, or maintain your rental property. Download a 1040ez federal tax form However, transportation expenses incurred to travel between your home and a rental property generally constitute nondeductible commuting costs unless you use your home as your principal place of business. Download a 1040ez federal tax form See Publication 587, Business Use of Your Home, for information on determining if your home office qualifies as a principal place of business. Download a 1040ez federal tax form   Generally, if you use your personal car, pickup truck, or light van for rental activities, you can deduct the expenses using one of two methods: actual expenses or the standard mileage rate. Download a 1040ez federal tax form For 2013, the standard mileage rate for business use is 56. Download a 1040ez federal tax form 5 cents per mile. Download a 1040ez federal tax form For more information, see chapter 4 of Publication 463. Download a 1040ez federal tax form    To deduct car expenses under either method, you must keep records that follow the rules in chapter 5 of Publication 463. Download a 1040ez federal tax form In addition, you must complete Form 4562, Part V, and attach it to your tax return. Download a 1040ez federal tax form Pre-rental expenses. Download a 1040ez federal tax form   You can deduct your ordinary and necessary expenses for managing, conserving, or maintaining rental property from the time you make it available for rent. Download a 1040ez federal tax form Rental of equipment. Download a 1040ez federal tax form   You can deduct the rent you pay for equipment that you use for rental purposes. Download a 1040ez federal tax form However, in some cases, lease contracts are actually purchase contracts. Download a 1040ez federal tax form If so, you cannot deduct these payments. Download a 1040ez federal tax form You can recover the cost of purchased equipment through depreciation. Download a 1040ez federal tax form Rental of property. Download a 1040ez federal tax form   You can deduct the rent you pay for property that you use for rental purposes. Download a 1040ez federal tax form If you buy a leasehold for rental purposes, you can deduct an equal part of the cost each year over the term of the lease. Download a 1040ez federal tax form Travel expenses. Download a 1040ez federal tax form   You can deduct the ordinary and necessary expenses of traveling away from home if the primary purpose of the trip is to collect rental income or to manage, conserve, or maintain your rental property. Download a 1040ez federal tax form You must properly allocate your expenses between rental and nonrental activities. Download a 1040ez federal tax form You cannot deduct the cost of traveling away from home if the primary purpose of the trip is to improve the property. Download a 1040ez federal tax form The cost of improvements is recovered by taking depreciation. Download a 1040ez federal tax form For information on travel expenses, see chapter 1 of Publication 463. Download a 1040ez federal tax form    To deduct travel expenses, you must keep records that follow the rules in chapter 5 of Publication 463. Download a 1040ez federal tax form Uncollected rent. Download a 1040ez federal tax form   If you are a cash basis taxpayer, do not deduct uncollected rent. Download a 1040ez federal tax form Because you have not included it in your income, it is not deductible. Download a 1040ez federal tax form   If you use an accrual method, report income when you earn it. Download a 1040ez federal tax form If you are unable to collect the rent, you may be able to deduct it as a business bad debt. Download a 1040ez federal tax form See chapter 10 of Publication 535 for more information about business bad debts. Download a 1040ez federal tax form Vacant rental property. Download a 1040ez federal tax form   If you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant. Download a 1040ez federal tax form However, you cannot deduct any loss of rental income for the period the property is vacant. Download a 1040ez federal tax form Vacant while listed for sale. Download a 1040ez federal tax form   If you sell property you held for rental purposes, you can deduct the ordinary and necessary expenses for managing, conserving, or maintaining the property until it is sold. Download a 1040ez federal tax form If the property is not held out and available for rent while listed for sale, the expenses are not deductible rental expenses. Download a 1040ez federal tax form Points The term “points” is often used to describe some of the charges paid, or treated as paid, by a borrower to take out a loan or a mortgage. Download a 1040ez federal tax form These charges are also called loan origination fees, maximum loan charges, or premium charges. Download a 1040ez federal tax form Any of these charges (points) that are solely for the use of money are interest. Download a 1040ez federal tax form Because points are prepaid interest, you generally cannot deduct the full amount in the year paid, but must deduct the interest over the term of the loan. Download a 1040ez federal tax form The method used to figure the amount of points you can deduct each year follows the original issue discount (OID) rules. Download a 1040ez federal tax form In this case, points are equivalent to OID, which is the difference between: The amount borrowed (redemption price at maturity, or principal) and The proceeds (issue price). Download a 1040ez federal tax form The first step is to determine whether your total OID (which you may have on bonds or other investments in addition to the mortgage loan), including the OID resulting from the points, is insignificant or de minimis. Download a 1040ez federal tax form If the OID is not de minimis, you must use the constant-yield method to figure how much you can deduct. Download a 1040ez federal tax form De minimis OID. Download a 1040ez federal tax form   The OID is de minimis if it is less than one-fourth of 1% (. Download a 1040ez federal tax form 0025) of the stated redemption price at maturity (principal amount of the loan) multiplied by the number of full years from the date of original issue to maturity (term of the loan). Download a 1040ez federal tax form   If the OID is de minimis, you can choose one of the following ways to figure the amount of points you can deduct each year. Download a 1040ez federal tax form On a constant-yield basis over the term of the loan. Download a 1040ez federal tax form On a straight line basis over the term of the loan. Download a 1040ez federal tax form In proportion to stated interest payments. Download a 1040ez federal tax form In its entirety at maturity of the loan. Download a 1040ez federal tax form You make this choice by deducting the OID (points) in a manner consistent with the method chosen on your timely filed tax return for the tax year in which the loan is issued. Download a 1040ez federal tax form Example. Download a 1040ez federal tax form Carol Madison took out a $100,000 mortgage loan on January 1, 2013, to buy a house she will use as a rental during 2013. Download a 1040ez federal tax form The loan is to be repaid over 30 years. Download a 1040ez federal tax form During 2013, Carol paid $10,000 of mortgage interest (stated interest) to the lender. Download a 1040ez federal tax form When the loan was made, she paid $1,500 in points to the lender. Download a 1040ez federal tax form The points reduced the principal amount of the loan from $100,000 to $98,500, resulting in $1,500 of OID. Download a 1040ez federal tax form Carol determines that the points (OID) she paid are de minimis based on the following computation. Download a 1040ez federal tax form Redemption price at maturity (principal amount of the loan) $100,000 Multiplied by: The term of the  loan in complete years ×30 Multiplied by ×. Download a 1040ez federal tax form 0025 De minimis amount $7,500 The points (OID) she paid ($1,500) are less than the de minimis amount ($7,500). Download a 1040ez federal tax form Therefore, Carol has de minimis OID and she can choose one of the four ways discussed earlier to figure the amount she can deduct each year. Download a 1040ez federal tax form Under the straight line method, she can deduct $50 each year for 30 years. Download a 1040ez federal tax form Constant-yield method. Download a 1040ez federal tax form   If the OID is not de minimis, you must use the constant-yield method to figure how much you can deduct each year. Download a 1040ez federal tax form   You figure your deduction for the first year in the following manner. Download a 1040ez federal tax form Determine the issue price of the loan. Download a 1040ez federal tax form If you paid points on the loan, the issue price generally is the difference between the principal and the points. Download a 1040ez federal tax form Multiply the result in (1) by the yield to maturity (defined later). Download a 1040ez federal tax form Subtract any qualified stated interest payments (defined later) from the result in (2). Download a 1040ez federal tax form This is the OID you can deduct in the first year. Download a 1040ez federal tax form Yield to maturity (YTM). Download a 1040ez federal tax form   This rate is generally shown in the literature you receive from your lender. Download a 1040ez federal tax form If you do not have this information, consult your lender or tax advisor. Download a 1040ez federal tax form In general, the YTM is the discount rate that, when used in computing the present value of all principal and interest payments, produces an amount equal to the principal amount of the loan. Download a 1040ez federal tax form Qualified stated interest (QSI). Download a 1040ez federal tax form   In general, this is the stated interest that is unconditionally payable in cash or property (other than another loan of the issuer) at least annually over the term of the loan at a fixed rate. Download a 1040ez federal tax form Example—Year 1. Download a 1040ez federal tax form The facts are the same as in the previous example. Download a 1040ez federal tax form The yield to maturity on Carol's loan is 10. Download a 1040ez federal tax form 2467%, compounded annually. Download a 1040ez federal tax form She figured the amount of points (OID) she could deduct in 2013 as follows. Download a 1040ez federal tax form Principal amount of the loan $100,000 Minus: Points (OID) –1,500 Issue price of the loan $98,500 Multiplied by: YTM × . Download a 1040ez federal tax form 102467 Total 10,093 Minus: QSI –10,000 Points (OID) deductible in 2013 $93 To figure your deduction in any subsequent year, you start with the adjusted issue price. Download a 1040ez federal tax form To get the adjusted issue price, add to the issue price figured in Year 1 any OID previously deducted. Download a 1040ez federal tax form Then follow steps (2) and (3), earlier. Download a 1040ez federal tax form Example—Year 2. Download a 1040ez federal tax form Carol figured the deduction for 2014 as follows. Download a 1040ez federal tax form Issue price $98,500 Plus: Points (OID) deducted  in 2013 +93 Adjusted issue price $98,593 Multiplied by: YTM × . Download a 1040ez federal tax form 102467 Total 10,103 Minus: QSI –10,000 Points (OID) deductible in 2014 $103 Loan or mortgage ends. Download a 1040ez federal tax form    If your loan or mortgage ends, you may be able to deduct any remaining points (OID) in the tax year in which the loan or mortgage ends. Download a 1040ez federal tax form A loan or mortgage may end due to a refinancing, prepayment, foreclosure, or similar event. Download a 1040ez federal tax form However, if the refinancing is with the same lender, the remaining points (OID) generally are not deductible in the year in which the refinancing occurs, but may be deductible over the term of the new mortgage or loan. Download a 1040ez federal tax form Points when loan refinance is more than the previous outstanding balance. Download a 1040ez federal tax form   When you refinance a rental property for more than the previous outstanding balance, the portion of the points allocable to loan proceeds not related to rental use generally cannot be deducted as a rental expense. Download a 1040ez federal tax form For example, if an individual refinanced a loan with a balance of $100,000, the amount of the new loan was $120,000, and the taxpayer used $20,000 to purchase a car, points allocable to the $20,000 would be treated as nondeductible personal interest. Download a 1040ez federal tax form Repairs and Improvements Generally, an expense for repairing or maintaining your rental property may be deducted if you are not required to capitalize the expense. Download a 1040ez federal tax form Improvements. Download a 1040ez federal tax form   You must capitalize any expense you pay to improve your rental property. Download a 1040ez federal tax form An expense is for an improvement if it results in a betterment to your property, restores your property, or adapts your property to a new or different use. Download a 1040ez federal tax form Betterments. Download a 1040ez federal tax form   Expenses that may result in a betterment to your property include expenses for fixing a pre-existing defect or condition, enlarging or expanding your property, or increasing the capacity, strength, or quality of your property. Download a 1040ez federal tax form Restoration. Download a 1040ez federal tax form   Expenses that may be for restoration include expenses for replacing a substantial structural part of your property, repairing damage to your property after you properly adjusted the basis of your property as a result of a casualty loss, or rebuilding your property to a like-new condition. Download a 1040ez federal tax form Adaptation. Download a 1040ez federal tax form   Expenses that may be for adaptation include expenses for altering your property to a use that is not consistent with the intended ordinary use of your property when you began renting the property. Download a 1040ez federal tax form Separate the costs of repairs and improvements, and keep accurate records. Download a 1040ez federal tax form You will need to know the cost of improvements when you sell or depreciate your property. Download a 1040ez federal tax form The expenses you capitalize for improving your property can generally be depreciated as if the improvement were separate property. Download a 1040ez federal tax form Table 1-1. Download a 1040ez federal tax form Examples of Improvements Additions Bedroom Bathroom Deck Garage Porch Patio  Lawn & Grounds Landscaping Driveway Walkway Fence Retaining wall Sprinkler system Swimming pool Miscellaneous Storm windows, doors New roof Central vacuum Wiring upgrades Satellite dish Security system   Heating & Air Conditioning Heating system Central air conditioning Furnace Duct work Central humidifier Filtration system Plumbing Septic system Water heater Soft water system Filtration system  Interior Improvements Built-in appliances Kitchen modernization Flooring Wall-to-wall carpeting  Insulation Attic Walls, floor Pipes, duct work Prev  Up  Next   Home   More Online Publications
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The IRS is taking action to protect taxpayers from identity theft and helping victims of tax-related identity theft

Over the past several years, the IRS has taken numerous steps to combat identity theft and protect taxpayers. This is a top priority for the IRS. We have taken actions to be better prepared in both fraud prevention and victim assistance, and we are continuing our efforts in these areas.

On the prevention side, this means putting in place new processes for handling tax returns, new compliance filters to detect fraud, new initiatives to partner with stakeholders and a continued commitment to investigate the criminals who perpetrate these crimes.

For victim assistance, the IRS is working to speed up case resolution, provide more training for our employees who assist victims of identity theft, and step up outreach to and education of taxpayers so they can prevent and resolve tax-related identity theft issues quickly.

The IRS has designed various new identity theft screening filters that will improve our ability to spot false returns before they are processed. Once a tax return is flagged, we will correspond with the sender before further processing the tax return to make sure we have the right taxpayer. Under an expanded pilot initiative, a group of victims with previously confirmed cases of identity theft will go through a supplementary verification process, which will give us an additional tool to help prevent further identity theft and detect fraud.

The identity theft landscape is constantly changing, as identity thieves continue to create new ways of stealing personal information and using it for their gain. The IRS is firmly committed to working with taxpayers to take care of these problems as quickly as possible.

 

 


Identity protection home page

Page Last Reviewed or Updated: 06-Dec-2013

The Download A 1040ez Federal Tax Form

Download a 1040ez federal tax form Publication 80 - Introductory Material Table of Contents Future Developments What's New Reminders Calendar Future Developments For the latest information about developments related to Publication 80 (Circular SS), such as legislation enacted after it was published, go to www. Download a 1040ez federal tax form irs. Download a 1040ez federal tax form gov/pub80. Download a 1040ez federal tax form What's New Social security and Medicare tax for 2014. Download a 1040ez federal tax form  The social security tax rate is 6. Download a 1040ez federal tax form 2% each for the employee and employer, unchanged from 2013. Download a 1040ez federal tax form The social security wage base limit is $117,000. Download a 1040ez federal tax form The Medicare tax rate is 1. Download a 1040ez federal tax form 45% each for the employee and employer, unchanged from 2013. Download a 1040ez federal tax form There is no wage base limit for Medicare tax. Download a 1040ez federal tax form Social security and Medicare taxes apply to the wages of household workers you pay $1,900 or more in cash or an equivalent form of compensation. Download a 1040ez federal tax form Social security and Medicare taxes apply to election workers who are paid $1,600 or more in cash or an equivalent form of compensation. Download a 1040ez federal tax form Change of responsible party. Download a 1040ez federal tax form . Download a 1040ez federal tax form  Beginning January 1, 2014, any entity with an employer identification number (EIN) must file Form 8822-B, Change of Address or Responsible Party—Business, to report the latest change to its responsible party. Download a 1040ez federal tax form Form 8822-B must be filed within 60 days of the change. Download a 1040ez federal tax form If the change in the identity of your responsible party occurred before 2014, and you have not previously notified the IRS of the change, file Form 8822-B before March 1, 2014, reporting only the most recent change. Download a 1040ez federal tax form For a definition of “responsible party”, see the Form 8822-B instructions. Download a 1040ez federal tax form Same-sex marriage. Download a 1040ez federal tax form  For federal tax purposes, individuals of the same sex are considered married if they were lawfully married in a state (or foreign country) whose laws authorize the marriage of two individuals of the same sex, even if the state (or foreign country) in which they now live does not recognize same-sex marriage. Download a 1040ez federal tax form For more information, see Revenue Ruling 2013-17, 2013-38 I. Download a 1040ez federal tax form R. Download a 1040ez federal tax form B. Download a 1040ez federal tax form 201, available at www. Download a 1040ez federal tax form irs. Download a 1040ez federal tax form gov/irb/2013-38_IRB/ar07. Download a 1040ez federal tax form html. Download a 1040ez federal tax form Notice 2013-61 provides special administrative procedures for employers to make claims for refund or adjustments of overpayments of social security and Medicare taxes with respect to certain same-sex spouse benefits before expiration of the period of limitations. Download a 1040ez federal tax form Notice 2013-61, 2013-44 I. Download a 1040ez federal tax form R. Download a 1040ez federal tax form B. Download a 1040ez federal tax form 432, is available at www. Download a 1040ez federal tax form irs. Download a 1040ez federal tax form gov/irb/2013-44_IRB/ar10. Download a 1040ez federal tax form html. Download a 1040ez federal tax form Reminders Additional Medicare Tax withholding. Download a 1040ez federal tax form  In addition to withholding Medicare tax at 1. Download a 1040ez federal tax form 45%, you must withhold a 0. Download a 1040ez federal tax form 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Download a 1040ez federal tax form You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. Download a 1040ez federal tax form Additional Medicare Tax is only imposed on the employee. Download a 1040ez federal tax form There is no employer share of Additional Medicare Tax. Download a 1040ez federal tax form All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. Download a 1040ez federal tax form For more information on what wages are subject to Medicare tax, see the chart, Special Rules for Various Types of Employment and Payments , in section 12. Download a 1040ez federal tax form For more information on Additional Medicare Tax, visit IRS. Download a 1040ez federal tax form gov and enter “Additional Medicare Tax” in the search box. Download a 1040ez federal tax form Work opportunity tax credit for qualified tax-exempt organizations hiring qualified veterans. Download a 1040ez federal tax form  The work opportunity tax credit is available for eligible unemployed veterans who begin work on or after November 22, 2011, and before January 1, 2014. Download a 1040ez federal tax form Qualified tax-exempt organizations that hire eligible unemployed veterans can claim the work opportunity tax credit against their payroll tax liability using Form 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans. Download a 1040ez federal tax form For more information, visit IRS. Download a 1040ez federal tax form gov and enter “work opportunity tax credit” in the search box. Download a 1040ez federal tax form Outsourcing payroll duties. Download a 1040ez federal tax form  Employers are responsible to ensure that tax returns are filed and deposits and payments are made, even if the employer contracts with a third party to perform these acts. Download a 1040ez federal tax form The employer remains responsible if the third party fails to perform any required action. Download a 1040ez federal tax form If you choose to outsource any of your payroll and related tax duties (that is, withholding, reporting, and paying over social security, Medicare, FUTA, and income taxes) to a third-party payer such as a payroll service provider or reporting agent, visit IRS. Download a 1040ez federal tax form gov and enter “outsourcing payroll duties” in the search box for helpful information on this topic. Download a 1040ez federal tax form Residents of the Philippines working in the Commonwealth of the Northern Mariana Islands (CNMI). Download a 1040ez federal tax form  The IRS will not assert that an employer has understated liability for social security and Medicare taxes because they failed to treat services performed before January 1, 2015, in the CNMI by a resident of the Philippines as employment as defined under Internal Revenue Code section 3121(b). Download a 1040ez federal tax form For more information, see Announcement 2012-43, 2012-51 I. Download a 1040ez federal tax form R. Download a 1040ez federal tax form B. Download a 1040ez federal tax form 723, available at www. Download a 1040ez federal tax form irs. Download a 1040ez federal tax form gov/irb/2012-51_IRB/ar15. Download a 1040ez federal tax form html. Download a 1040ez federal tax form CNMI government employees now subject to social security and Medicare taxes. Download a 1040ez federal tax form  Beginning in the fourth calendar quarter of 2012, CNMI government employees are subject to social security and Medicare taxes. Download a 1040ez federal tax form COBRA premium assistance credit. Download a 1040ez federal tax form  The credit for COBRA premium assistance payments applies to premiums paid for employees involuntarily terminated between September 1, 2008 and May 31, 2010, and to premiums paid for up to 15 months. Download a 1040ez federal tax form See COBRA premium assistance credit in Publication 15 (Circular E), Employer's Tax Guide. Download a 1040ez federal tax form You can get Publication 15 (Circular E) at IRS. Download a 1040ez federal tax form gov. Download a 1040ez federal tax form You must receive written notice from the IRS to file Form 944. Download a 1040ez federal tax form  If you have been filing Forms 941-SS and believe your employment taxes for the calendar year will be $1,000 or less, and you would like to file Form 944, Employer's ANNUAL Federal Tax Return, instead of Forms 941-SS, you must contact the IRS to request to file Form 944. Download a 1040ez federal tax form You must receive written notice from the IRS to file Form 944 instead of Forms 941-SS before you may file this form. Download a 1040ez federal tax form For more information on requesting to file Form 944 visit IRS. Download a 1040ez federal tax form gov and enter “file employment taxes annually” in the search box. Download a 1040ez federal tax form Federal employers in the CNMI. Download a 1040ez federal tax form  The U. Download a 1040ez federal tax form S. Download a 1040ez federal tax form Treasury Department and the CNMI Division of Revenue and Taxation entered into an agreement under 5 USC 5517 in December 2006. Download a 1040ez federal tax form Under this agreement, all federal employers (including the Department of Defense) are required to withhold CNMI income taxes (rather than federal income taxes) and deposit the CNMI taxes with the CNMI Treasury for employees who are subject to CNMI taxes and whose regular place of federal employment is in the CNMI. Download a 1040ez federal tax form Federal employers are also required to file quarterly and annual reports with the CNMI Division of Revenue and Taxation. Download a 1040ez federal tax form For questions, contact the CNMI Division of Revenue and Taxation. Download a 1040ez federal tax form Change of address. Download a 1040ez federal tax form  Use Form 8822-B to notify the IRS of an address change. Download a 1040ez federal tax form Do not mail Form 8822-B with your employment tax return. Download a 1040ez federal tax form Federal tax deposits must be made by electronic funds transfer. Download a 1040ez federal tax form  You must use electronic funds transfer to make all federal tax deposits. Download a 1040ez federal tax form Generally, electronic fund transfers are made using the Electronic Federal Tax Payment System (EFTPS). Download a 1040ez federal tax form If you do not want to use EFTPS, you can arrange for your tax professional, financial institution, payroll service, or other trusted third party to make electronic deposits on your behalf. Download a 1040ez federal tax form Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. Download a 1040ez federal tax form EFTPS is a free service provided by the Department of Treasury. Download a 1040ez federal tax form Services provided by your tax professional, financial institution, payroll service, or other third party may have a fee. Download a 1040ez federal tax form For more information on making federal tax deposits, see How To Deposit in section 8. Download a 1040ez federal tax form For more information about EFTPS or to enroll in EFTPS, visit the EFTPS website at www. Download a 1040ez federal tax form eftps. Download a 1040ez federal tax form gov or call 1-800-555-4477 (U. Download a 1040ez federal tax form S. Download a 1040ez federal tax form Virgin Islands only) or 303-967-5916 (toll call) or 1-800-733-4829 (TDD). Download a 1040ez federal tax form Additional information about EFTPS is also available in Publication 966, Electronic Federal Tax Payment System: A Guide To Getting Started. Download a 1040ez federal tax form Electronic filing and payment. Download a 1040ez federal tax form  Using electronic options can make filing a return and paying your federal tax easier. Download a 1040ez federal tax form Use the Electronic Federal Tax Payment System (EFTPS) to make deposits or pay in full, whether you rely on a tax professional or prepare your own taxes. Download a 1040ez federal tax form You can use IRS e-file to file certain returns. Download a 1040ez federal tax form If there is a balance due on the return, you can e-file and e-pay in a single step by authorizing an electronic funds withdrawal (EFW) from your bank account while e-filing. Download a 1040ez federal tax form Do not use EFW to pay taxes that are required to be deposited. Download a 1040ez federal tax form Visit the IRS website at www. Download a 1040ez federal tax form irs. Download a 1040ez federal tax form gov/efile for more information on filing electronically. Download a 1040ez federal tax form For more information on paying your taxes using EFW, visit the IRS website at www. Download a 1040ez federal tax form irs. Download a 1040ez federal tax form gov/e-pay. Download a 1040ez federal tax form A fee may be charged to file electronically. Download a 1040ez federal tax form For EFTPS, visit www. Download a 1040ez federal tax form eftps. Download a 1040ez federal tax form gov or call EFTPS Customer Service at 1-800-555-4477 (U. Download a 1040ez federal tax form S. Download a 1040ez federal tax form Virgin Islands only) or 303-967-5916 (toll call). Download a 1040ez federal tax form For electronic filing of Forms W-2AS, W-2CM, W-2GU, W-2VI, Wage and Tax Statements; W-3SS, Transmittal of Wage and Tax Statements; and W-2c, Corrected Wage and Tax Statement, visit www. Download a 1040ez federal tax form socialsecurity. Download a 1040ez federal tax form gov/employer. Download a 1040ez federal tax form If you are filing your tax return or paying your federal taxes electronically, a valid EIN is required. Download a 1040ez federal tax form If a valid EIN is not provided, the return or payment will not be processed. Download a 1040ez federal tax form This may result in penalties and delays in processing your return or payment. Download a 1040ez federal tax form Electronic option for filing Forms W-2AS, W-2CM, W-2GU, or W-2VI. Download a 1040ez federal tax form  Employers in American Samoa, the CNMI, Guam, and the U. Download a 1040ez federal tax form S. Download a 1040ez federal tax form Virgin Islands can now use the Social Security Administration's W-2 Online service to create, save, print, and submit up to 50 Forms W-2AS, W-2CM, W-2GU, or W-2VI at a time over the Internet. Download a 1040ez federal tax form Form W-3SS will be generated automatically based on your Forms W-2AS, W-2CM, W-2GU, or W-2VI. Download a 1040ez federal tax form For more information, visit Social Security Administration's SSA website at www. Download a 1040ez federal tax form ssa. Download a 1040ez federal tax form gov/bso/bsowelcome. Download a 1040ez federal tax form htm. Download a 1040ez federal tax form Credit or debit card payments. Download a 1040ez federal tax form  For information on paying your taxes with a credit or debit card, visit the IRS website at www. Download a 1040ez federal tax form irs. Download a 1040ez federal tax form gov/e-pay. Download a 1040ez federal tax form However, do not use credit or debit cards to make federal tax deposits. Download a 1040ez federal tax form Hiring new employees. Download a 1040ez federal tax form  Record the number and name from each new employee's social security card. Download a 1040ez federal tax form An employee who does not have a social security card should apply for one on Form SS-5, Application for a Social Security Card. Download a 1040ez federal tax form See section 3. Download a 1040ez federal tax form Reporting discrepancies between Forms 941-SS (or Form 944) and Forms W-2. Download a 1040ez federal tax form  File Schedule D (Form 941), Report of Discrepancies Caused by Acquisitions, Statutory Mergers, or Consolidations, to explain certain wage, tax, and payment discrepancies between Forms 941-SS (or Form 944), and Forms W-2 that were caused by acquisitions, statutory mergers, or consolidations. Download a 1040ez federal tax form For more information, see the Instructions for Schedule D (Form 941). Download a 1040ez federal tax form Apply for an employer identification number (EIN) online. Download a 1040ez federal tax form  You can apply for an EIN online by visiting IRS. Download a 1040ez federal tax form gov and clicking on the Apply for an EIN Online link under Tools. Download a 1040ez federal tax form Dishonored payments. Download a 1040ez federal tax form  Any form of payment that is dishonored and returned from a financial institution is subject to a penalty. Download a 1040ez federal tax form The penalty is $25 or 2% of the payment, whichever is more. Download a 1040ez federal tax form However, the penalty on dishonored payments of $24. Download a 1040ez federal tax form 99 or less is an amount equal to the payment. Download a 1040ez federal tax form For example, a dishonored payment of $18 is charged a penalty of $18. Download a 1040ez federal tax form Private delivery services. Download a 1040ez federal tax form  You can use certain private delivery services designated by the IRS to send tax returns or payments. Download a 1040ez federal tax form The list includes only the following: DHL Express (DHL): DHL Same Day Service. Download a 1040ez federal tax form Federal Express (FedEx): FedEx Priority Overnight, FedEx Standard Overnight, FedEx 2Day, FedEx International Priority, and FedEx International First. Download a 1040ez federal tax form United Parcel Service (UPS): UPS Next Day Air, UPS Next Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A. Download a 1040ez federal tax form M. Download a 1040ez federal tax form , UPS Worldwide Express Plus, and UPS Worldwide Express. Download a 1040ez federal tax form For the IRS mailing address to use if you are using a private delivery service, go to IRS. Download a 1040ez federal tax form gov and enter “private delivery service” in the search box. Download a 1040ez federal tax form Your private delivery service can tell you how to get written proof of the mailing date. Download a 1040ez federal tax form Private delivery services cannot deliver items to P. Download a 1040ez federal tax form O. Download a 1040ez federal tax form boxes. Download a 1040ez federal tax form You must use the U. Download a 1040ez federal tax form S. Download a 1040ez federal tax form Postal Service to mail any item to an IRS P. Download a 1040ez federal tax form O. Download a 1040ez federal tax form box address. Download a 1040ez federal tax form Recordkeeping. Download a 1040ez federal tax form  Keep all records of employment taxes for 4 years. Download a 1040ez federal tax form These should be available for IRS review. Download a 1040ez federal tax form There is no required format for such records, but they should include your EIN; the amounts and dates of all wage payments (including fringe benefits) and tips reported; the names, addresses, and occupations of employees receiving such payments and their social security numbers; copies of returns filed; dates of employment; and the dates and amounts of deposits made. Download a 1040ez federal tax form Farm employers must keep a record of the name, permanent address, and EIN of each crew leader. Download a 1040ez federal tax form See Farm Crew Leaders in section 2. Download a 1040ez federal tax form Disregarded entities and qualified subchapter S subsidiaries (QSubs). Download a 1040ez federal tax form  Eligible single-owner disregarded entities and QSubs are treated as separate entities for employment tax purposes. Download a 1040ez federal tax form Eligible single-member entities that have not elected to be taxed as corporations must report and pay employment taxes on wages paid to their employees using the entities' own names and EINs. Download a 1040ez federal tax form See Regulations sections 1. Download a 1040ez federal tax form 1361-4(a)(7) and 301. Download a 1040ez federal tax form 7701-2(c)(2)(iv). Download a 1040ez federal tax form Photographs of missing children. Download a 1040ez federal tax form  The IRS is a proud partner with the National Center for Missing and Exploited Children. Download a 1040ez federal tax form Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Download a 1040ez federal tax form You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Download a 1040ez federal tax form Calendar   If any date for filing a return, furnishing a form, or depositing taxes falls on a Saturday, Sunday, or legal holiday, the due date is the next business day. Download a 1040ez federal tax form A statewide legal holiday delays a filing due date only if the IRS office where you are required to file is located in that state. Download a 1040ez federal tax form However, a statewide legal holiday does not delay the due date of federal tax deposits. Download a 1040ez federal tax form See Deposits on Business Days Only in section 8. Download a 1040ez federal tax form For any filing due date, you will meet the “file” or “furnish” requirement if the envelope containing the return or form is properly addressed, contains sufficient postage, and is postmarked by the U. Download a 1040ez federal tax form S. Download a 1040ez federal tax form Postal Service on or before the due date, or sent by an IRS-designated delivery service on or before the due date. Download a 1040ez federal tax form See Private delivery services under Reminders. Download a 1040ez federal tax form The following are important dates and responsibilities. Download a 1040ez federal tax form Also see Publication 509, Tax Calendars. Download a 1040ez federal tax form By January 31. Download a 1040ez federal tax form   Furnish wage and tax statements to employees. Download a 1040ez federal tax form Give each employee a completed Form W-2AS, W-2CM, W-2GU, or W-2VI. Download a 1040ez federal tax form See section 10 for more information. Download a 1040ez federal tax form File Form 943, Employer's Annual Federal Tax Return for Agricultural Employees, with the IRS. Download a 1040ez federal tax form If you deposited all Form 943 taxes when due, you have 10 additional calendar days to file. Download a 1040ez federal tax form U. Download a 1040ez federal tax form S. Download a 1040ez federal tax form Virgin Islands employers only must file Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return, with the IRS. Download a 1040ez federal tax form Pay or deposit (if more than $500) any balance of the tax due. Download a 1040ez federal tax form If you deposited the full amount of taxes when due, you have 10 additional calendar days to file. Download a 1040ez federal tax form File Form 944 with the IRS if you were notified by the IRS to file Form 944 instead of quarterly Forms 941-SS. Download a 1040ez federal tax form If you deposited the full amount of taxes when due, you have 10 additional calendar days to file. Download a 1040ez federal tax form By February 28. Download a 1040ez federal tax form  File paper wage and tax statements with the Social Security Administration (SSA). Download a 1040ez federal tax form File Copy A of Forms W-2AS, W-2CM, W-2GU, or W-2VI, and Form W-3SS with the Social Security Administration (SSA). Download a 1040ez federal tax form For electronically filed returns, see By March 31 next. Download a 1040ez federal tax form By March 31. Download a 1040ez federal tax form  File electronic Forms W-2AS, W-2CM, W-2GU, or W-2VI with the SSA. Download a 1040ez federal tax form Visit the SSA's Reporting Instructions & Information webpage at www. Download a 1040ez federal tax form socialsecurity. Download a 1040ez federal tax form gov/employer for more information. Download a 1040ez federal tax form By April 30, July 31, October 31, and January 31. Download a 1040ez federal tax form  File Form 941-SS with the IRS. Download a 1040ez federal tax form If you deposited the full amount of taxes when due, you have 10 additional calendar days to file. Download a 1040ez federal tax form Do not file Forms 941-SS for these quarters if you have been notified to file Form 944 and you did not request to file quarterly Forms 941-SS. Download a 1040ez federal tax form Deposit FUTA tax for the quarter (including any amount carried over from other quarters) if over $500. Download a 1040ez federal tax form If $500 or less, carry it over to the next quarter. Download a 1040ez federal tax form See section 11 for more information. Download a 1040ez federal tax form Prev  Up  Next   Home   More Online Publications