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E Filing Income Tax

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E Filing Income Tax

E filing income tax Publication 547(SP) - Introductory Material Table of Contents Qué Hay de Nuevo Recordatorios IntroductionCómo pedir formularios y publicaciones. E filing income tax Preguntas sobre los impuestos. E filing income tax Useful Items - You may want to see: Qué Hay de Nuevo Nueva Sección C en el Formulario 4684 para esquemas de inversión de tipo Ponzi (Ponzi-type schemes). E filing income tax  La Sección C del Formulario 4684 (disponible en inglés) es nueva para el año 2013. E filing income tax Usted debe completar la Seción C si está reclamando una deducción de pérdida por robo debido a un esquema de inversión de tipo Ponzi (Ponzi-type scheme) y estará usando el Procedimiento Tributario (Revenue Procedure) 2009-20, según modificado por el Procedimiento Tributario (Revenue Procedure) 2011-58. E filing income tax La Sección C del Formulario 4864 reemplaza el Anexo A del Procedimiento Tributario (Revenue Procedure) 2009-20. E filing income tax No necesita completar el Anexo A. E filing income tax Para más información, vea Pérdidas provenientes de esquemas de inversión de tipo Ponzi (Ponzi-type schemes) , más adelante. E filing income tax Recordatorios Acontecimientos futuros. E filing income tax  Si desea obtener la información más reciente sobre los acontecimientos relacionados con la Publicación 547(SP), tal como legislación promulgada después que ésta fue impresa, acceda a www. E filing income tax irs. E filing income tax gov/Spanish/About-Publication-547(SP). E filing income tax Fotografías de niños desaparecidos. E filing income tax  El Servicio de Impuestos Internos (IRS, por sus siglas en inglés) se enorgullece en colaborar con el Centro Nacional de Niños Desaparecidos y Explotados (National Center for Missing and Exploited Children). E filing income tax En esta publicación, pueden aparecer fotografías de niños desaparecidos que han sido seleccionadas por el Centro. E filing income tax Estas fotografías aparecen en páginas que de otra manera estarían en blanco. E filing income tax Usted puede ayudar a que estos niños regresen a sus hogares si identifica alguno de ellos y llama gratis al 1-800-THE-LOST (1-800-843-5678). E filing income tax Introduction Esta publicación explica el trato tributario de casos de hechos fortuitos, robos y pérdidas de depósitos monetarios. E filing income tax Un hecho fortuito ocurre cuando su propiedad resulta dañada por causa de algún desastre, como por ejemplo, una tormenta, un incendio, un accidente automovilístico u otro suceso de esta índole. E filing income tax Un robo ocurre cuando alguien hurta sus bienes. E filing income tax La pérdida de depósitos monetarios ocurre cuando su institución bancaria se declara insolvente o en quiebra (bancarrota). E filing income tax Esta publicación aborda los siguientes temas: Definiciones de hecho fortuito, robo y pérdida de depósitos monetarios. E filing income tax Cómo calcular el monto de su pérdida o ganancia. E filing income tax Cómo se tratan tributariamente seguros y otros reembolsos que reciba. E filing income tax Límites de la deducción. E filing income tax Cómo y cuándo declarar un caso de hecho fortuito o robo. E filing income tax Reglas especiales para pérdidas en zonas de desastre. E filing income tax Formularios que tiene que presentar. E filing income tax   Normalmente, si es víctima de un hecho fortuito o robo, tiene que presentar el Formulario 4684 (disponible sólo en inglés). E filing income tax Asimismo, es posible que tenga que presentar uno o más de los siguientes formularios (todos en inglés): Anexo A (Formulario 1040). E filing income tax Formulario 1040NR, Anexo A (para extranjeros no residentes). E filing income tax Anexo D. E filing income tax Formulario 4797. E filing income tax Para información adicional sobre qué formulario utilizar, vea más adelante la sección sobre Cómo Declarar Pérdidas y Ganancias . E filing income tax Expropiaciones forzosas. E filing income tax   Para obtener información sobre expropiaciones forzosas de propiedades, vea el tema Involuntary Conversions (Conversiones involuntarias) en el capítulo 1 de la Publicación 544, Sales and Other Dispositions of Assets (Ventas y otras enajenaciones de activos), en inglés. E filing income tax Registros para el cálculo de pérdidas por hecho fortuito y robo. E filing income tax   La Publicación 584SP, Registro de Pérdidas por Hechos Fortuitos (Imprevistos), Desastres y Robos (Propiedad de uso Personal) está a su disposición para ayudarle a hacer una lista de artículos de sus bienes de uso personal que hayan sido robados o dañados y calcular su pérdida. E filing income tax En dicha publicación se incluyen tablas para ayudarle a calcular el monto de las pérdidas de su vivienda, artículos de la misma y vehículos motorizados. E filing income tax   La Publicación 584-B, Business Casualty, Disaster, and Theft Loss Workbook (Registro de pérdidas por hechos fortuitos, desastres y robos de propiedad de uso comercial), en inglés puede ayudarle a hacer una lista de artículos que hayan sido robados o dañados en su empresa o bienes de generación de ingresos, y calcular su pérdida. E filing income tax Comentarios y sugerencias. E filing income tax   Agradecemos sus comentarios y sugerencias sobre esta publicación para ediciones futuras. E filing income tax   Puede escribirnos a la siguiente dirección: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. E filing income tax NW, IR-6526 Washington, DC 20224   Contestamos gran parte de correspondencia por teléfono. E filing income tax Por lo tanto, nos sería útil si en su correspondencia incluye el número telefónico con su código de área donde podemos ubicarlo durante el día. E filing income tax   Puede enviarnos comentarios a través de www. E filing income tax irs. E filing income tax gov/formspubs, pulsando sobre “ Comment on Tax Forms and Publications ” (Comentarios sobre formularios y publicaciones tributarios) bajo el título “ Information about ” (Información sobre), en inglés. E filing income tax   Aunque no podemos contestar cada uno de los comentarios, agradecemos su opinión y tendremos en cuenta sus comentarios cuando revisemos nuestros productos. E filing income tax Cómo pedir formularios y publicaciones. E filing income tax   Visite el sitio web del IRS www. E filing income tax irs. E filing income tax gov/espanol y pulse sobre el enlace “Formularios y Publicaciones” para descargar formularios y publicaciones. E filing income tax Llame al 1-800-829-3676 o escriba a la dirección que aparece a continuación y recibirá respuesta a los 10 días de que el IRS reciba su solicitud: Internal Revenue Service 1201 N. E filing income tax Mitsubishi Motorway Bloomington, IL 61705-6613 Preguntas sobre los impuestos. E filing income tax   Si tiene alguna pregunta acerca de sus impuestos, consulte la información disponible en IRS. E filing income tax gov/espanol o llame al número 1-800-829-1040. E filing income tax No podemos contestar preguntas sobre impuestos enviadas a las direcciones anteriores. E filing income tax Useful Items - You may want to see: Publicación 523 Selling Your Home (Venta de su vivienda), en inglés 525 Taxable and Nontaxable Income (Ingresos tributables y no tributables), en inglés 550 Investment Income and Expenses (Ingresos y gastos de inversiones), en inglés 551 Basis of Assets (Base de activos), en inglés 584SP Registro de Pérdidas por Hechos Fortuitos (Imprevistos), Desastres y Robos (Propiedad de Uso Personal) 584-B Business Casualty, Disaster, and Theft Loss Workbook (Registro de pérdidas por hechos fortuitos, desastres y robos comerciales), en inglés  Formulario (e Instrucciones) Anexo A (Formulario 1040) Itemized Deductions (Deducciones detalladas), en inglés Anexo A (Formulario 1040NR) Itemized Deductions (for nonresident aliens) (Deducciones detalladas (para extranjeros no residentes)), en inglés Anexo D (Formulario 1040) Capital Gains and Losses (Pérdidas y ganancias de capital), en inglés 4684 Casualties and Thefts (Hechos fortuitos y robos), en inglés 4797 Sales of Business Property (Ventas de bienes comerciales), en inglés  Para más información sobre cómo obtener publicaciones y formularios, vea la sección Cómo Obtener Ayuda con los Impuestos al final de esta publicación. 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Tax Relief for Victims of Aug. 30 Wildfires in Texas

IRS e-File to Remain Open through Oct. 31 for Victims of Texas Wildfires

Updated 10/11/11 to include Navarro county.
Updated 9/29/11 to include Anderson, Caldwell, Fayette, Henderson, Hill and Rusk counties.
Updated 9/27/11 to include Harrison, Smith and Upshur counties.
Updated 9/20/11 to include Cass and Marion counties.
Updated 9/19/11 to include Gregg, Grimes, Montgomery, Walker and Waller counties.
Updated 9/15/11 to include Colorado, Houston, Leon, Travis and Williamson counties.

TX-2011-64, Sept. 12, 2011

HOUSTON — Victims of wildfires that began on Aug. 30, 2011 in parts of Texas may qualify for tax relief from the Internal Revenue Service.

The President has declared the following counties a federal disaster area: Anderson, Bastrop, Caldwell, Cass, Colorado, Fayette, Gregg, Grimes, Harrison, Henderson, Hill, Houston, Leon, Marion, Montgomery, Navarro, Rusk, Smith, Travis, Upshur, Walker, Waller and Williamson. Individuals who reside or have a business in these counties may qualify for tax relief.

The declaration permits the IRS to postpone certain deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after Aug. 30 and on or before Oct. 31 have been postponed to Oct. 31. This includes corporations and other businesses that previously obtained an extension until Sept. 15 to file their 2010 returns, and individuals and businesses that received a similar extension until Oct. 17. It also includes the estimated tax payment for the third quarter, normally due Sept. 15.

In addition, the IRS is waiving the failure-to-deposit penalties for employment and excise tax deposits due on or after Aug. 30 and on or before Sept. 14, 2011, as long as the deposits were made by Sept. 14, 2011.

If an affected taxpayer receives a penalty notice from the IRS, the taxpayer should call the telephone number on the notice to have the IRS abate any interest and any late filing or late payment penalties that would otherwise apply. Penalties or interest will be abated only for taxpayers who have an original or extended filing, payment or deposit due date, including an extended filing or payment due date, that falls within the postponement period.

The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. But affected taxpayers who reside or have a business located outside the covered disaster area must call the IRS disaster hotline at 1-866-562-5227 to request this tax relief.

Covered Disaster Area

The counties listed above constitute a covered disaster area for purposes of Treas. Reg. § 301.7508A-1(d)(2) and are entitled to the relief detailed below.

Affected Taxpayers

Taxpayers considered to be affected taxpayers eligible for the postponement of time to file returns, pay taxes and perform other time-sensitive acts are those taxpayers listed in Treas. Reg. § 301.7508A-1(d)(1), and include individuals who live, and businesses whose principal place of business is located, in the covered disaster area. Taxpayers not in the covered disaster area, but whose records necessary to meet a deadline listed in Treas. Reg. § 301.7508A-1(c) are in the covered disaster area, are also entitled to relief. In addition, all relief workers affiliated with a recognized government or philanthropic organization assisting in the relief activities in the covered disaster area and any individual visiting the covered disaster area who was killed or injured as a result of the disaster are entitled to relief.

Grant of Relief

Under section 7508A, the IRS gives affected taxpayers until Oct. 31 to file most tax returns (including individual, corporate, and estate and trust income tax returns; partnership returns, S corporation returns, and trust returns; estate, gift, and generation-skipping transfer tax returns; and employment and certain excise tax returns), or to make tax payments, including estimated tax payments, that have either an original or extended due date occurring on or after Aug. 30 and on or before Oct. 31.

The IRS also gives affected taxpayers until Oct. 31 to perform other time-sensitive actions described in Treas. Reg. § 301.7508A-1(c)(1) and Rev. Proc. 2007-56, 2007-34 I.R.B. 388 (Aug. 20, 2007), that are due to be performed on or after Aug. 30 and on or before Oct. 31.

This relief also includes the filing of Form 5500 series returns, in the manner described in section 8 of Rev. Proc. 2007-56. The relief described in section 17 of Rev. Proc. 2007-56, pertaining to like-kind exchanges of property, also applies to certain taxpayers who are not otherwise affected taxpayers and may include acts required to be performed before or after the period above.

The postponement of time to file and pay does not apply to information returns in the W-2, 1098, 1099 series, or to Forms 1042-S or 8027. Penalties for failure to timely file information returns can be waived under existing procedures for reasonable cause. Likewise, the postponement does not apply to employment and excise tax deposits. The IRS, however, will abate penalties for failure to make timely employment and excise tax deposits due on or after Aug. 30 and on or before Sept. 14 provided the taxpayer made these deposits by Sept. 14.

Casualty Losses

Affected taxpayers in a federally declared disaster area have the option of claiming disaster-related casualty losses on their federal income tax return for either this year or last year. Claiming the loss on an original or amended return for last year will get the taxpayer an earlier refund, but waiting to claim the loss on this year’s return could result in a greater tax saving, depending on other income factors.

Individuals may deduct personal property losses that are not covered by insurance or other reimbursements. For details, see Form 4684 and its instructions.

Affected taxpayers claiming the disaster loss on last year’s return should put the Disaster Designation “Texas/Wildfires” at the top of the form so that the IRS can expedite the processing of the refund.

Other Relief

The IRS will waive the usual fees and expedite requests for copies of previously filed tax returns for affected taxpayers. Taxpayers should put the assigned Disaster Designation in red ink at the top of Form 4506, Request for Copy of Tax Return, or Form 4506-T, Request for Transcript of Tax Return, as appropriate, and submit it to the IRS.

Affected taxpayers who are contacted by the IRS on a collection or examination matter should explain how the disaster impacts them so that the IRS can provide appropriate consideration to their case.

Taxpayers may download forms and publications from the official IRS website, irs.gov, or order them by calling 1-800-TAX-FORM (1-800-829-3676). The IRS toll-free number for general tax questions is 1-800-829-1040.

Related Information

Page Last Reviewed or Updated: 24-Mar-2014

The E Filing Income Tax

E filing income tax 7. E filing income tax   Figuring Gross Profit Table of Contents Introduction Items To Check Testing Gross Profit AccuracyExample. E filing income tax Additions to Gross Profit Introduction After you have figured the gross receipts from your business (chapter 5) and the cost of goods sold (chapter 6), you are ready to figure your gross profit. E filing income tax You must determine gross profit before you can deduct any business expenses. E filing income tax These expenses are discussed in chapter 8. E filing income tax If you are filing Schedule C-EZ, your gross profit is your gross receipts plus certain other amounts, explained later under Additions to Gross Profit. E filing income tax Businesses that sell products. E filing income tax   If you are filing Schedule C, figure your gross profit by first figuring your net receipts. E filing income tax Figure net receipts (line 3) on Schedule C by subtracting any returns and allowances (line 2) from gross receipts (line 1). E filing income tax Returns and allowances include cash or credit refunds you make to customers, rebates, and other allowances off the actual sales price. E filing income tax   Next, subtract the cost of goods sold (line 4) from net receipts (line 3). E filing income tax The result is the gross profit from your business. E filing income tax Businesses that sell services. E filing income tax   You do not have to figure the cost of goods sold if the sale of merchandise is not an income-producing factor for your business. E filing income tax Your gross profit is the same as your net receipts (gross receipts minus any refunds, rebates, or other allowances). E filing income tax Most professions and businesses that sell services rather than products can figure gross profit directly from net receipts in this way. E filing income tax Illustration. E filing income tax   This illustration of the gross profit section of the income statement of a retail business shows how gross profit is figured. E filing income tax Income Statement Year Ended December 31, 2013 Gross receipts $400,000 Minus: Returns and allowances 14,940 Net receipts $385,060 Minus: Cost of goods sold 288,140 Gross profit $96,920   The cost of goods sold for this business is figured as follows: Inventory at beginning of year $37,845 Plus: Purchases $285,900   Minus: Items withdrawn for personal use 2,650 283,250 Goods available for sale $321,095 Minus: Inventory at end of year 32,955 Cost of goods sold $288,140 Items To Check Consider the following items before figuring your gross profit. E filing income tax Gross receipts. E filing income tax   At the end of each business day, make sure your records balance with your actual cash and credit receipts for the day. E filing income tax You may find it helpful to use cash registers to keep track of receipts. E filing income tax You should also use a proper invoicing system and keep a separate bank account for your business. E filing income tax Sales tax collected. E filing income tax   Check to make sure your records show the correct sales tax collected. E filing income tax   If you collect state and local sales taxes imposed on you as the seller of goods or services from the buyer, you must include the amount collected in gross receipts. E filing income tax   If you are required to collect state and local taxes imposed on the buyer and turn them over to state or local governments, you generally do not include these amounts in income. E filing income tax Inventory at beginning of year. E filing income tax   Compare this figure with last year's ending inventory. E filing income tax The two amounts should usually be the same. E filing income tax Purchases. E filing income tax   If you take any inventory items for your personal use (use them yourself, provide them to your family, or give them as personal gifts, etc. E filing income tax ) be sure to remove them from the cost of goods sold. E filing income tax For details on how to adjust cost of goods sold, see Merchandise withdrawn from sale in chapter 6. E filing income tax Inventory at end of year. E filing income tax   Check to make sure your procedures for taking inventory are adequate. E filing income tax These procedures should ensure all items have been included in inventory and proper pricing techniques have been used. E filing income tax   Use inventory forms and adding machine tapes as the only evidence for your inventory. E filing income tax Inventory forms are available at office supply stores. E filing income tax These forms have columns for recording the description, quantity, unit price, and value of each inventory item. E filing income tax Each page has space to record who made the physical count, who priced the items, who made the extensions, and who proofread the calculations. E filing income tax These forms will help satisfy you that the total inventory is accurate. E filing income tax They will also provide you with a permanent record to support its validity. E filing income tax   Inventories are discussed in chapter 2. E filing income tax Testing Gross Profit Accuracy If you are in a retail or wholesale business, you can check the accuracy of your gross profit figure. E filing income tax First, divide gross profit by net receipts. E filing income tax The resulting percentage measures the average spread between the merchandise cost of goods sold and the selling price. E filing income tax Next, compare this percentage to your markup policy. E filing income tax Little or no difference between these two percentages shows that your gross profit figure is accurate. E filing income tax A large difference between these percentages may show that you did not accurately figure sales, purchases, inventory, or other items of cost. E filing income tax You should determine the reason for the difference. E filing income tax Example. E filing income tax   Joe Able operates a retail business. E filing income tax On the average, he marks up his merchandise so that he will realize a gross profit of 331/3% on its sales. E filing income tax The net receipts (gross receipts minus returns and allowances) shown on his income statement is $300,000. E filing income tax His cost of goods sold is $200,000. E filing income tax This results in a gross profit of $100,000 ($300,000 − $200,000). E filing income tax To test the accuracy of this year's results, Joe divides gross profit ($100,000) by net receipts ($300,000). E filing income tax The resulting 331/3% confirms his markup percentage of 331/3%. E filing income tax Additions to Gross Profit If your business has income from a source other than its regular business operations, enter the income on line 6 of Schedule C and add it to gross profit. E filing income tax The result is gross business income. E filing income tax If you use Schedule C-EZ, include the income on line 1 of the schedule. E filing income tax Some examples include income from an interest-bearing checking account, income from scrap sales, income from certain fuel tax credits and refunds, and amounts recovered from bad debts. E filing income tax Prev  Up  Next   Home   More Online Publications