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Ez Forms 2013

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Ez Forms 2013

Ez forms 2013 Publication 179 - Introductory Material Table of Contents Acontecimientos futuros Qué hay de nuevo Recordatorios Calendario Introduction Acontecimientos futuros Si desea obtener la información más reciente sobre todo acontecimiento relacionado con la Publicación 179, tal como legislación promulgada después de que ésta fue publicada, acceda a www. Ez forms 2013 irs. Ez forms 2013 gov/pub179. Ez forms 2013 Qué hay de nuevo Contribuciones al Seguro Social y al Medicare para el 2014. Ez forms 2013  La tasa de contribución para el Seguro Social permanece en 6. Ez forms 2013 2% tanto para el empleado como para el patrono. Ez forms 2013 La base límite de salario para el Seguro Social es $117,000. Ez forms 2013 La tasa de la contribución al Medicare es 1. Ez forms 2013 45% tanto para la parte del empleado como la del patrono, la misma tasa que correspondió para el año 2013. Ez forms 2013 No hay límite sobre la cantidad de salarios sujetos a la contribución al Medicare. Ez forms 2013 Las contribuciones al Seguro Social y al Medicare se aplican a los salarios de empleados domésticos a quienes usted les paga $1,900 o más en efectivo o de una forma equivalente de remuneración. Ez forms 2013 Las contribuciones al Seguro Social y al Medicare se aplican a los trabajadores electorales a quienes se les paga $1,600 o más en efectivo o una remuneración equivalente. Ez forms 2013 Cambio de parte responsable. Ez forms 2013  Comenzando el 1 de enero del 2014, toda entidad jurídica que tiene asignado un número patronal tiene que presentar el Formulario 8822-B Change of Address or Responsible Party—Business (Cambio de dirección o Parte Responsable— de negocios), en inglés, para informar si ha cambiado la parte responsable del negocio. Ez forms 2013 El Formulario 8822-B tiene que presentarse dentro de los 60 días que cambió la parte responsable. Ez forms 2013 Si el cambio de la parte responsable ocurrió antes del año 2014 y no se ha notificado el cambio anteriormente al IRS presente el Formulario 8822-B antes del 1 de marzo del 2014 e informe solamente el cambio más reciente. Ez forms 2013 Para la definición de “parte reponsable” vea las Instrucciones del Formulario SS-4PR Solicitud de Número de Identificación Patronal (EIN). Ez forms 2013 Matrimonio entre personas del mismo sexo. Ez forms 2013 . Ez forms 2013  Para propósitos de las contribuciones federales, las personas del mismo sexo se consideran casados legalmente ​​si se casaron en un estado (o país extranjero) cuyas leyes autorizan el matrimonio de personas del mismo sexo, aunque el estado (o país extranjero) en el que ahora viven no reconozca el matrimonio entre personas del mismo sexo. Ez forms 2013 Para obtener más información, consulte el Revenue Ruling 2013-17 (Reglamento de Rentas Internas 2013–17) disponible en www. Ez forms 2013 irs. Ez forms 2013 gov/irb/2013-38_IRB/ar07. Ez forms 2013 html. Ez forms 2013 El Notice 2013-61 (Aviso 2013-61) establece los procedimientos administrativos especiales para los patronos hacer reclamaciones para el reembolso o los ajustes de los pagos en exceso al Seguro Social y al Medicare con respecto a ciertos beneficios entre cónyuges del mismo sexo antes de la expiración del periodo de prescripción. Ez forms 2013 El Aviso 2013-61 que aparece en la página 432 del Internal Revenue Bulletin (Boletín de Rentas Internas 2013-44), en inglés, está disponible en www. Ez forms 2013 irs. Ez forms 2013 gov/irb/2013-44_IRB/ar10. Ez forms 2013 html. Ez forms 2013 Recordatorios Retención de la Contribución Adicional al Medicare. Ez forms 2013  Además de la retención de la contribución Medicare de 1. Ez forms 2013 45%, usted tiene que retener la Contribución Adicional al Medicare de 0. Ez forms 2013 9% de los salarios en exceso de $200,000 que le paga a un empleado en un año natural. Ez forms 2013 Se le requiere a usted que comience a retener la Contribución Adicional al Medicare en el período de paga en el cual usted le paga salarios en exceso de $200,000 a un empleado. Ez forms 2013 Continúe reteniendo esta Contribución Adicional al Medicare en todo período de paga hasta que finalice el año natural. Ez forms 2013 La Contribución Adicional al Medicare sólo se le impone al empleado. Ez forms 2013 No hay una porción correspondiente al patrono de la Contribución Adicional al Medicare. Ez forms 2013 Todos los salarios que están sujetos a la contribución Medicare, están sujetos a la retención de la Contribución Adicional al Medicare si éstos exceden el límite de $200,000. Ez forms 2013 Si desea más información sobre cuáles salarios están sujetos a la Contribución Adicional al Medicare, vea la tabla Reglas especiales para varias clases de servicios y de pagos , en el apartado 15 de esta publicación. Ez forms 2013 Para más información, sobre la Contribución Adicional al Medicare visite IRS. Ez forms 2013 gov y escriba “ Additional Medicare Tax ” en inglés, en la casilla Search (Buscar). Ez forms 2013 La información está disponible en inglés. Ez forms 2013 El crédito contributivo por oportunidad de trabajo para organizaciones calificadas exentas de contribución que contratan a veteranos calificados ha sido extendido. Ez forms 2013 . Ez forms 2013  El crédito contributivo por oportunidad de trabajo está disponible para veteranos desempleados que reúnan los requisitos que comiencen a trabajar antes del 1 de enero de 2014. Ez forms 2013 Anteriormente, el crédito estaba disponible para veteranos desempleados quienes comenzaron a trabajar a partir del 22 de noviembre de 2011, y antes del 1 de enero de 2013. Ez forms 2013 Las organizaciones exentas de contribuciones calificadas que contratan veteranos desempleados que reúnan los requisitos pueden reclamar el crédito contributivo por oportunidad de trabajo contra su contribución sobre la nómina utilizando el Formulario 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans (Crédito por oportunidad de trabajo para organizaciones exentas de contribuciones calificadas que contratan a veteranos calificados), en inglés. Ez forms 2013 Si desea más información, visite IRS. Ez forms 2013 gov y escriba “work opportunity tax credit” (crédito contributivo por oportunidad de trabajo), en inglés, en la casilla Search (Buscar). Ez forms 2013 La información está disponible en inglés. Ez forms 2013 Externalización de las obligaciones de la nómina. Ez forms 2013 . Ez forms 2013  Los patronos son responsables de asegurar que las planillas de contribución se radiquen y que los depósitos y pagos se hagan, aun si el patrono contrata los servicios de un tercero para hacerlo. Ez forms 2013 El patrono sigue siendo el responsable aun si el tercero no cumple con la acción requerida. Ez forms 2013 Si opta por externalizar cualquier parte de su nómina y las obligaciones relacionadas con las contribuciones (es decir, retención, declarar y pagar las contribuciones al Seguro Social, al Medicare y FUTA) a un tercero pagador, tal como un proveedor de servicios de nómina o agente de reportación, visite el sitio web IRS. Ez forms 2013 gov y escriba “outsourcing payroll duties” (externalización de las obligaciones de nómina) en la casilla “Search” (Buscar), para información útil sobre este tema. Ez forms 2013 Dicha información está disponible en inglés. Ez forms 2013 El crédito de asistencia para las primas COBRA. Ez forms 2013  El crédito por asistencia en los pagos de las primas COBRA se aplica a las primas pagadas por un máximo de 15 meses para los empleados que fueron despedidos entre el 1 de septiembre de 2008 y el 31 de mayo de 2010. Ez forms 2013 Vea COBRA premium assistance credit (Crédito de asistencia para las primas COBRA) en inglés, en la Publicación 15. Ez forms 2013 Vea la sección Crédito de asistencia para las primas de COBRA para detalles sobre el crédito. Ez forms 2013 El Formulario 944-PR está descontinuado. Ez forms 2013  El Formulario 944-PR, Planilla para la Declaración Federal ANUAL del Patrono, ya no estará disponible después de 2011. Ez forms 2013 A partir del año contributivo 2012, los patronos que anteriormente presentaban el Formulario 944-PR presentarán anualmente el Formulario 944(SP), Declaración Federal ANUAL de Impuestos del Patrono o Empleador. Ez forms 2013 Por otra parte, los contribuyentes pueden solicitar que se les permita la radicación trimestral con el Formulario 941-PR, Planilla para la Declaración Federal TRIMESTRAL del Patrono, en vez del Formulario 944(SP) (o el Formulario 944, en inglés). Ez forms 2013 Para más información, consulte las Instrucciones para el Formulario 944(SP). Ez forms 2013 Para solicitar que se le permita radicar los formularios trimestrales 941-PR para informar sus contribuciones al Seguro Social y Medicare del año 2014, debe llamar al IRS al 1-800-829-4933 o al 267-941-1000 (llamada con cargos) a más tardar el 1 de abril de 2014. Ez forms 2013 O, puede enviar una solicitud por escrito (el matasellos debe estar fechado en o antes del 15 de marzo de 2014). Ez forms 2013 Después de comunicarse con el IRS, el IRS le enviará una notificación por escrito indicándole que su requisito de presentación ha cambiado. Ez forms 2013 Si usted no recibe este aviso, debe presentar el Formulario 944(SP) para el año natural 2014. Ez forms 2013 Para más información, consulte ¿Qué ocurre si quiere presentar Formularios 941, 941-SS o 941-PR en lugar del Formulario 944 (en inglés) o 944(SP)?, en las Instrucciones para el Formulario 944(SP) de 2013. Ez forms 2013 Usted tiene que recibir un aviso escrito del IRS para poder radicar el Formulario 944(SP). Ez forms 2013  Si usted ha estado radicando los Formularios 941-PR y cree que sus contribuciones sobre la nómina para el año natural serán $1,000 o menos y desea radicar el Formulario 944(SP) (o el Formulario 944, en inglés) en vez de los Formularios 941-PR, tiene que comunicarse con el IRS para solicitar el permiso para poder radicar el Formulario 944(SP). Ez forms 2013 Antes de que pueda radicar este formulario, tiene que recibir un aviso escrito de parte del IRS que le otorgue el permiso para poder radicar el Formulario 944(SP) en vez de los Formularios 941-PR. Ez forms 2013 Si desea más información sobre cómo solicitar el permiso para radicar el Formulario 944(SP) o el Formulario 944, en vez de los Formularios 941-PR, vea el tema titulado ¿Qué ocurre si quiere presentar Formularios 941, 941-SS o 941-PR en lugar del Formulario 944 (en inglés) o 944(SP)?, en las Instrucciones para el Formulario 944(SP). Ez forms 2013 Cambio de dirección. Ez forms 2013 . Ez forms 2013  Utilice el Formulario 8822-B, Change of Address or Responsible Party-Business (Cambio de dirección— o Parte Responsable— de negocios), en inglés, para notificarle al IRS sobre un cambio a su dirección. Ez forms 2013 No envíe el Formulario 8822-B junto con su planilla de contribuciones sobre la nómina. Ez forms 2013 Los depósitos de las contribuciones federales tienen que llevarse a cabo mediante transferencia electrónica de fondos. Ez forms 2013  Usted tiene que depositar toda contribución mediante transferencia electrónica de fondos. Ez forms 2013 Generalmente, la transferencia electrónica de fondos se lleva a cabo usando el Electronic Federal Tax Payment System (Sistema electrónico de pagos de la contribución federal o EFTPS, por sus siglas en inglés). Ez forms 2013 Si no desea utilizar el EFTPS, puede hacer los arreglos para que su preparador, institución financiera, servicio de nómina u otro tercero de su confianza efectúe depósitos electrónicos en nombre suyo. Ez forms 2013 El EFTPS es un servicio gratuito provisto por el Departamento del Tesoro. Ez forms 2013 Los servicios provistos por su preparador profesional, institución financiera, servicio de nómina u otro tercero podría conllevar en un cargo. Ez forms 2013 Si desea más información sobre cómo efectuar depósitos de la contribución federal, vea Cómo hacer los depósitos , en el apartado 11. Ez forms 2013 Si desea más información sobre EFTPS o si desea inscribirse, visite el sitio web de EFTPS en www. Ez forms 2013 eftps. Ez forms 2013 gov o llame al 1-800-244-4829 (1-800-733-4829, si es usuario de equipo TDD). Ez forms 2013 Puede encontrar información adicional sobre EFTPS en la Publicación 966 (SP), Sistema de Pago Electrónico del Impuesto Federal: La Manera Segura de pagar los Impuestos Federales. Ez forms 2013 Radicación y pago por medios electrónicos. Ez forms 2013  El uso de las opciones electrónicas puede hacer más fácil la radicación de una planilla y el pago de la contribución federal. Ez forms 2013 Utilice el EFTPS para efectuar depósitos o pagar la contribución en su totalidad, independientemente de si utiliza a un preparador o si prepara sus propias planillas. Ez forms 2013 Puede usar el sistema electrónico e-file del IRS para radicar ciertas planillas. Ez forms 2013 Si hay una suma por pagar en la planilla, puede radicarla con el sistema e-file y pagar electrónicamente (e-pay) en un solo paso al autorizar un retiro electrónico de fondos de su cuenta bancaria mientras está radicando electrónicamente. Ez forms 2013 No utilice el retiro electrónico de fondos para pagar contribuciones que se requiere que se depositen. Ez forms 2013 Visite el sitio web del IRS www. Ez forms 2013 irs. Ez forms 2013 gov/efile , en inglés, para más información sobre cómo radicar una planilla electrónicamente. Ez forms 2013 Si desea más información sobre cómo pagar sus contribuciones utilizando el retiro electrónico de fondos, visite la página del IRS en www. Ez forms 2013 irs. Ez forms 2013 gov/e-pay. Ez forms 2013 Se le podría cobrar un cargo por radicar electrónicamente. Ez forms 2013 Para EFTPS, visite www. Ez forms 2013 eftps. Ez forms 2013 gov o llame a la línea de servicio al cliente de EFTPS al 1-800-244-4829 o 1-800-733-4829, si es usuario de equipo TDD. Ez forms 2013 Para la radicación electrónica de los Formularios 499R-2/W-2PR y 499R-2/W-2cPR ante la Administración del Seguro Social, visite la página web www. Ez forms 2013 hacienda. Ez forms 2013 gobierno. Ez forms 2013 pr. Ez forms 2013 Si usted está radicando su planilla de contribuciones o si está pagando sus contribuciones federales electrónicamente, se necesita que provea un EIN válido. Ez forms 2013 Si no provee un EIN válido, la planilla o pago no se tramitará. Ez forms 2013 Esto podría resultarle en multas y demoras en la tramitación de su planilla o pago. Ez forms 2013 Pagos con tarjeta de crédito o débito. Ez forms 2013  Para mayor información sobre cómo se pagan las contribuciones con tarjetas de crédito o débito, visite el sitio web del IRS, www. Ez forms 2013 irs. Ez forms 2013 gov/e-pay. Ez forms 2013 No obstante, no use una tarjeta de crédito o débito para pagar contribuciones que deben ser depositadas. Ez forms 2013 Contratación de empleados nuevos. Ez forms 2013  Mantenga un registro con el nombre y número de cada uno de sus empleados nuevos según aparece en su tarjeta de Seguro Social. Ez forms 2013 Todo empleado que no tenga una tarjeta de Seguro Social deberá solicitarla usando el Formulario SS-5-SP, Solicitud para una Tarjeta de Seguro Social, en español. Ez forms 2013 Vea el apartado 4 . Ez forms 2013 Cómo informar las discrepancias entre los Formularios 941-PR (o 944(SP)) y los Formularios 499R-2/W-2PR. Ez forms 2013 . Ez forms 2013  Utilice el Anexo D (Formulario 941), Report of Discrepancies Caused by Acquisitions, Statutory Mergers, or Consolidations (Informe de discrepancias causadas por adquisiciones, fusiones o consolidaciones), en inglés. Ez forms 2013 En este anexo se explicarán las discrepancias en los salarios, contribuciones y pagos que han surgido entre los Formularios 941-PR (o el Formulario 944(SP)) debido a adquisiciones, fusiones o consolidaciones. Ez forms 2013 Si desea más información, vea las Instrucciones para el Anexo D (Formulario 941), disponibles en inglés. Ez forms 2013 Solicitud de un número de identificación patronal en línea (EIN). Ez forms 2013  Usted puede solicitar un número de identificación patronal (EIN, por sus siglas en inglés) en línea al visitar el sitio web IRS. Ez forms 2013 gov, en inglés, y pulsar sobre el enlace “Apply for an EIN Online” (Solicitud de un número de identificación patronal en línea (EIN)), que se encuentra bajo Tools (Herramientas). Ez forms 2013 La información está provista en inglés. Ez forms 2013 Pagos rechazados. Ez forms 2013  Cualquier forma de pago que ha sido rechazado y es devuelto por la institución financiera está sujeto a una penalidad. Ez forms 2013 Esta penalidad es $25 o el 2% de la cantidad del pago, lo mayor entre ambos. Ez forms 2013 Sin embargo, la penalidad en pagos rechazados de $24. Ez forms 2013 99 o menos es igual a la cantidad del pago. Ez forms 2013 Por ejemplo, un pago por $18 que fue rechazado, la penalidad es $18 (la cantidad rechazada). Ez forms 2013 Remuneración pagada a trabajadores agrícolas con visa H-2A. Ez forms 2013  La remuneración que le paga a trabajadores agrícolas por trabajo realizado con una visa H-2A no está sujeta a las contribuciones al Seguro Social, al Medicare o la Contribución Adicional al Medicare. Ez forms 2013 Por lo tanto, no debe informarla como remuneración sujeta a dichas contribuciones. Ez forms 2013 Verifique con las agencias del gobierno de Puerto Rico para verificar si tiene algún requisito estatal. Ez forms 2013 Servicios de entrega privados. Ez forms 2013  Puede usar ciertos servicios de entrega privados designados por el IRS para enviar sus planillas o pagos de la contribución. Ez forms 2013 La lista incluye sólo los servicios siguientes: DHL Express (DHL): DHL Same Day Service. Ez forms 2013 Federal Express (FedEx): FedEx Priority Overnight, FedEx Standard Overnight, FedEx 2Day, FedEx International Priority y FedEx International First. Ez forms 2013 United Parcel Service (UPS): UPS Next Day Air, UPS Next Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A. Ez forms 2013 M. Ez forms 2013 , UPS Worldwide Express Plus y UPS Worldwide Express. Ez forms 2013 Si desea obtener la dirección a dónde enviar la planilla o pago si utilizara un servicio de entrega privado, acceda a IRS. Ez forms 2013 gov y escriba “private delivery service” en la casilla Search (Buscar). Ez forms 2013 La información está disponible en inglés. Ez forms 2013 El proveedor de servicio de entrega privado que escoja puede informarle de cómo se obtiene verificación por escrito de la fecha de envío. Ez forms 2013 Los servicios de entrega privados no pueden entregar artículos de correo a los apartados postales. Ez forms 2013 Usted tiene que utilizar el Servicio Postal de los EE. Ez forms 2013 UU. Ez forms 2013 para enviar todo artículo de correo a una dirección que incluya un apartado postal del IRS. Ez forms 2013 Mantenimiento de récords. Ez forms 2013  Conserve todos los récords de sus contribuciones sobre la nómina durante 4 años. Ez forms 2013 Los mismos deben estar disponibles para ser inspeccionados por funcionarios del IRS. Ez forms 2013 No se ha establecido ninguna manera especial de llevar estos récords. Ez forms 2013 Sin embargo, los mismos deberán incluir su EIN, las cantidades y fechas de todos los pagos de salarios (incluyendo beneficios marginales) y las propinas declaradas, así como los nombres, direcciones y ocupaciones de todos los empleados que reciban tales pagos, las fechas de empleo, además de los números de Seguro Social y los duplicados de las planillas de contribución radicadas anteriormente, incluyendo las fechas y cantidades de depósitos hechos según se explica en el apartado 11 . Ez forms 2013 Todo patrono agrícola tiene que llevar un registro en el cual consten el nombre, dirección permanente y el EIN de cada líder de cuadrilla. Ez forms 2013 Vea Líder de cuadrilla, en el apartado 1 . Ez forms 2013 Comentarios y sugerencias. Ez forms 2013  Le agradecemos sus comentarios sobre esta publicación y sugerencias para ediciones futuras de la misma. Ez forms 2013 Puede escribirnos a la siguiente dirección: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Ez forms 2013 NW, IR-6526 Washington, DC 20224 Nosotros contestamos muchas cartas a través de llamadas telefónicas. Ez forms 2013 Por lo tanto, sería de ayuda si en su correspondencia incluye su número telefónico, junto con el código de área telefónico, en donde nos podamos comunicar con usted durante el día. Ez forms 2013 También, puede enviarnos comentarios a través de la página www. Ez forms 2013 irs. Ez forms 2013 gov/formspubs. Ez forms 2013 Pulse sobre el enlace titulado More Information (Más información) y luego pulse sobre el enlace titulado “Give us Feedback” (Proveer comentarios), en inglés. Ez forms 2013 Aunque no podemos contestar a cada comentario que recibimos, sí agradecemos sus sugerencias y las consideraremos al revisar nuestros productos contributivos. Ez forms 2013 Fotografías de niños desaparecidos. Ez forms 2013  El Servicio de Rentas Internas siente orgullo en colaborar con el National Center for Missing and Exploited Children (Centro Nacional de Niños Desaparecidos y Explotados). Ez forms 2013 Las fotografías de niños desaparecidos que han sido seleccionadas por el Centro pueden aparecer en esta publicación en páginas que de otra manera estarían en blanco. Ez forms 2013 Usted puede ayudar a que estos niños regresen a sus hogares si al mirar sus fotografías los puede identificar y entonces llama libre de cargos al 1-800-THE-LOST (1-800-843-5678). Ez forms 2013 Calendario   Si alguna fecha indicada a continuación es un sábado, domingo o día festivo oficial, la fecha de vencimiento para radicar la planilla, presentar un formulario o depositar su contribución es el próximo día laborable. Ez forms 2013 Un día festivo oficial en Puerto Rico o en un estado posterga una fecha de vencimiento únicamente si la oficina del IRS donde usted tiene que radicar su planilla de contribución está localizada en tal estado o territorio. Ez forms 2013 Para propósitos de la fecha de vencimiento, se cumplen los requisitos para radicar la planilla si la misma se encuentra en un sobre que esté dirigido apropiadamente, que tenga suficiente franqueo y que el matasellos esté fechado a más tardar en la fecha de vencimiento. Ez forms 2013 Si se envía mediante un servicio de entrega privado aprobado por el IRS, la misma se tiene que enviar a más tardar en la fecha de vencimiento. Ez forms 2013 Vea el tema Servicios de entrega privados en Recordatorios. Ez forms 2013 A continuación encontrará una lista de las fechas y responsabilidades más importantes para usted. Ez forms 2013 Además, vea la Publicación 509, Tax Calendars (Calendarios contributivos), en inglés, para más información. Ez forms 2013 Para el 31 de enero:  Entregue a los empleados sus comprobantes de retención. Ez forms 2013 Entréguele a cada empleado un Formulario 499R-2/W-2PR, Comprobante de Retención, debidamente completado. Ez forms 2013 Vea el apartado 13 . Ez forms 2013 Radique el Formulario 943-PR, Planilla para la Declaración ANUAL de la Contribución Federal del Patrono de Empleados Agrícolas, ante el IRS. Ez forms 2013 Si depositó a tiempo la contribución correspondiente al Formulario 943-PR en su totalidad, tendrá hasta 10 días naturales adicionales a partir de la fecha de vencimiento indicada anteriormente para radicar su Formulario 943-PR. Ez forms 2013 Radique el Formulario 940-PR, Planilla para la Declaración Federal ANUAL del Patrono de la Contribución Federal para el Desempleo (FUTA), ante el IRS. Ez forms 2013 Pague o deposite todo saldo adeudado (si es más de $500). Ez forms 2013 Si depositó el total de las contribuciones adeudadas a su debido tiempo, tendrá hasta 10 días naturales adicionales a partir de la fecha de vencimiento indicada anteriormente para radicar el Formulario 940-PR. Ez forms 2013 Si antes radicaba el Formulario 944-PR, radique ahora el Formulario 944(SP), Declaración Federal ANUAL de Impuestos del Patrono o Empleador (o el Formulario 944, en inglés), ante el IRS si el mismo le notificó que debe radicar el Formulario 944(SP) en lugar de los Formularios 941-PR trimestrales. Ez forms 2013 Si depositó la cantidad total de contribuciones conforme a la fecha de vencimiento de éstas, tendrá 10 días naturales adicionales a partir de la fecha de vencimiento indicada anteriormente para radicar el Formulario 944(SP). Ez forms 2013 Para el 28 de febrero. Ez forms 2013   Radique los comprobantes de retención ante la Administración del Seguro Social (SSA, por sus siglas en inglés). Ez forms 2013 Radique el Original del Formulario 499R-2/W-2PR, junto con el Formulario W-3PR, Informe de Comprobantes de Retención, ante la SSA. Ez forms 2013 Para las planillas radicadas por vías electrónicas, vea el siguiente tema. Ez forms 2013 Para el 31 de marzo. Ez forms 2013  Radique el Formulario 499R-2/W-2PR por vías electrónicas (y no por medios magnéticos o en papel) ante la SSA. Ez forms 2013 Sin embargo, puede transmitir un archivo electrónico por medio de Internet. Ez forms 2013 Vea Employer W-2 Filing Instructions & Information (Instrucciones e información para patronos sobre la radicación de Formularios W-2), en inglés, en el sitio web www. Ez forms 2013 socialsecurity. Ez forms 2013 gov/employer de la SSA para más información. Ez forms 2013 Para el 30 de abril, 31 de julio, 31 de octubre y 31 de enero. Ez forms 2013  Radique el Formulario 941-PR trimestralmente ante el IRS. Ez forms 2013 Si depositó el total de las contribuciones adeudadas a su debido tiempo, tendrá hasta 10 días naturales adicionales a partir de las fechas de vencimiento indicadas anteriormente para radicar el Formulario 941-PR. Ez forms 2013 No radique los Formularios 941-PR para dichos trimestres si el IRS le ha informado que debe radicar el Formulario 944(SP). Ez forms 2013 Deposite la contribución FUTA para el trimestre (incluyendo toda cantidad trasladada de un trimestre anterior) si la cantidad adeudada es más de $500. Ez forms 2013 Si es de $500 o menos, traspásela al trimestre siguiente. Ez forms 2013 Vea el apartado 10 , para más información. Ez forms 2013 Introduction Esta publicación deberá ser usada por patronos cuyo negocio principal está ubicado en Puerto Rico o que tienen empleados cuyos ingresos están sujetos a retención de la contribución estatal sobre los ingresos de Puerto Rico. Ez forms 2013 Generalmente, tanto los patronos como los empleados en Puerto Rico están sujetos a las contribuciones al Seguro Social y al seguro Medicare, conforme a la Federal Insurance Contributions Act (Ley de Contribuciones Federales al Seguro Social o FICA, por sus siglas en inglés). Ez forms 2013 Esta publicación resume las responsabilidades que tiene el patrono en cuanto al cobro, pago y declaración de dichas contribuciones. Ez forms 2013 Dondequiera que en esta publicación se use el término “Estados Unidos”, el mismo incluye a Puerto Rico, las Islas Vírgenes y los territorios autónomos y territorios no autónomos de los Estados Unidos. Ez forms 2013 Las secciones a las cuales se hace referencia en esta publicación corresponden al Código Federal de Rentas Internas, a menos que se indique lo contrario. Ez forms 2013 Esta publicación también proporciona a dichos patronos un resumen de sus responsabilidades en relación con las contribuciones bajo la Federal Unemployment Tax Act (Ley Federal de Contribución para el Desempleo o FUTA, por sus siglas en inglés). Ez forms 2013 Vea los apartados 9 y 10 . Ez forms 2013 Excepto por lo indicado en las tablas que se hallan en el apartado 15 , esas contribuciones corresponden a todo patrono que pague salarios tributables a empleados o que tenga empleados que declaran propinas. Ez forms 2013 En esta publicación no se incluye información relacionada con las contribuciones del trabajo por cuenta propia (Seguro Social y Medicare para personas que trabajan por cuenta propia). Ez forms 2013 Si necesita información sobre estas contribuciones, comuníquese con la oficina del IRS en Guaynabo o vea la Publicación 570, Tax Guide for Individuals With Income From U. Ez forms 2013 S. Ez forms 2013 Possessions (Guía tributaria para individuos con ingresos de fuentes en los territorios estadounidenses), en inglés. Ez forms 2013 Contribuciones sobre los ingresos de Puerto Rico. Ez forms 2013   Esta publicación no incluye información relacionada con la retención de contribuciones federales sobre los ingresos. Ez forms 2013 Ésta sólo trata las contribuciones sobre la nómina para patronos que están en Puerto Rico. Ez forms 2013   Si desea obtener información acerca de la contribución sobre ingresos de Puerto Rico, consulte con el Departamento de Hacienda de Puerto Rico. Ez forms 2013 Las personas que trabajan amparadas bajo el programa del Seguro Social elijen un plan de protección para sus familias y para sí mismas. Ez forms 2013 Entidades no consideradas como separadas de sus dueños y compañías subsidarias calificadas conforme al subcapítulo S (QSubs). Ez forms 2013   Las entidades no consideradas como separadas de sus dueños (disregarded entities) que tienen un solo dueño y que cumplen los requisitos y las compañías subsidiarias calificadas conforme al subcapítulo S (QSubs, por sus siglas en inglés), son tratadas como si fueran entidades separadas de su dueño para propósitos de las contribuciones sobre la nómina. Ez forms 2013 Las entidades no consideradas como separadas de sus dueños que tienen un solo dueño y que cumplen los requisitos y no han optado por ser tratadas como corporación, tiene que declarar y pagar la contribución sobre la nómina correspondiente a los salarios de los empleados utilizando el nombre y EIN de dicha entidad. Ez forms 2013 Vea la sección 1. Ez forms 2013 1361-4(a)(7) y la sección 301. Ez forms 2013 7701-2(c)(2)(iv) de los Reglamentos, en inglés. Ez forms 2013 Crédito de asistencia para las primas de COBRA. Ez forms 2013   La Consolidated Omnibus Budget Reconciliation Act of 1985 (Ley de Conciliación de Asignaciones del Presupuesto de 1985 o COBRA, por sus siglas en inglés) les provee a ciertos ex empleados, jubilados, cónyuges, ex cónyuges e hijos dependientes el derecho a recibir temporalmente cobertura de salud a tarifas especiales para grupos. Ez forms 2013 La ley COBRA, por lo general, cubre los planes de salud que incluyen a múltiples patronos y planes de salud que son mantenidos por patronos de la empresa privada (que no son iglesias) que tengan 20 o más empleados a tiempo completo o parcial. Ez forms 2013 A dichos planes les corresponden ciertos requisitos conforme a la Employee Retirement Income Security Act of 1974 (Ley para la Protección de los Ingresos de Jubilación para los Empleados de 1974 o ERISA, por sus siglas en inglés). Ez forms 2013 Conforme a la Public Health Service Act (Ley sobre el Servicio de Salud Pública), los requisitos del programa COBRA también le corresponden a los planes de salud que cubren a los empleados gubernamentales estatales y municipales. Ez forms 2013 Requisitos similares corresponden conforme al Federal Employees Health Benefits Program (Programa de Seguro Médico para los Empleados Federales (FEHBP, por sus siglas en inglés)) y ciertas leyes estatales. Ez forms 2013 Para tratar a la asistencia (o subsidio) para las primas de COBRA que se explican a continuación, a todos estos requisitos se les refiere como “requisitos de COBRA ”. Ez forms 2013   La ley American Recovery and Reinvestment Act of 2009 (Ley de Recuperación y Reinversión Económica Estadounidense de 2009 o ARRA, por sus siglas en inglés) permite un crédito contra las contribuciones sobre la paga (dichas contribuciones se denominan “contribuciones sobre la nómina” en esta publicación), para proveer asistencia para las primas de COBRA a individuos que cumplen con los requisitos para recibir dicha asistencia. Ez forms 2013 Para los períodos de continuidad de cobertura COBRA que comienzan después del 16 de febrero de 2009, un plan de salud colectivo tiene que tratar a un individuo que reúne los requisitos para la asistencia como si hubiese pagado la prima de COBRA para la continuidad de cobertura requerida si el individuo optó por la cobertura COBRA y paga el 35% de la cantidad de la prima. Ez forms 2013   Un individuo que reúne los requisitos para la asistencia es un beneficiario calificado que cumple con los requisitos para la continuidad de la cobertura COBRA durante el período que comienza el 1 de septiembre de 2008, y que termina el 31 de mayo de 2010, debido al cese involuntario de empleo de un empleado amparado por la cobertura durante el período y que opta por la continuidad de la cobertura de COBRA. Ez forms 2013 La asistencia para mantener la cobertura puede durar hasta 15 meses. Ez forms 2013   Los empleados que fueron despedidos durante el período que comienza el 1 septiembre de 2008 y que termina el 31 de mayo de 2010, y recibieron ofertas de indemnización que retrasaron el inicio de la continuación de cobertura COBRA, pueden ser elegibles para recibir asistencia con las primas para la continuación de cobertura COBRA. Ez forms 2013 Para más información, vea Notice 2009-27 (Avisio 2009-27) que aparece en la página 838 del Internal Revenue Bulletin (Boletín de Rentas Internas 2009-16), en inglés, disponible en www. Ez forms 2013 irs. Ez forms 2013 gov/irb/2009-16_irb/ar09. Ez forms 2013 html. Ez forms 2013   Los administradores de planes de salud colectivos (u otras entidades) que proveen o administran la continuación de la cobertura COBRA, tienen que notificarle a los individuos que cumplen con los requisitos para la asistencia de las primas de COBRA de que tienen derecho a dicha cobertura. Ez forms 2013   El 65% de la prima que no es pagada por las personas que reúnen los requisitos para la asistencia se le reembolsa a los patronos que mantienen el plan de salud colectivo. Ez forms 2013 El reembolso se hace por medio de un crédito que se le aplica a las obligaciones de las contribuciones sobre la nómina del patrono. Ez forms 2013 Para obtener información sobre cómo reclamar el crédito, vea las Instrucciones para el Formulario 941-PR o las Instrucciones para el Formulario 944(SP). Ez forms 2013 El crédito se le trata como un depósito hecho en el primer día del período de la planilla (trimestre o año). Ez forms 2013 En el caso de un plan que cubre a múltiples patronos, el crédito es reclamado por el plan, en vez del patrono. Ez forms 2013 En el caso de un plan asegurado que está sujeto a los requisitos estatales para la continuidad de cobertura, el crédito es reclamado por la compañía de seguros, en vez del patrono. Ez forms 2013   Todo individuo o entidad que reclama el crédito por los pagos para la asistencia COBRA tiene que conservar la siguiente información para comprobar su reclamación: Información sobre el recibo, incluyendo fechas y cantidades, de la parte del 35% de la prima que le corresponde a la persona que reúne los requisitos para la asistencia. Ez forms 2013 En el caso de un plan de seguro, una copia de la factura u otro documento comprobante emitido por la compañía aseguradora y prueba del pago a tiempo de la prima completa hecho a la compañía aseguradora que se requiere conforme los requisitos para la cobertura COBRA. Ez forms 2013 En el caso de un plan autoasegurado, documentos que comprueban la cantidad de la prima y la cobertura provista a las personas que reúnen los requisitos para la asistencia. Ez forms 2013 Atestiguación del cese involuntario, incluyendo la fecha de cesación (despido) involuntario para cada empleado amparado por la cobertura cuyo despido involuntario es la base para el derecho al subsidio. Ez forms 2013 Prueba de que cada persona reúne los requisitos para la asistencia de la cobertura COBRA y de que ha optado por dicha cobertura. Ez forms 2013 Un registro que tenga los números de Seguro Social de todos los empleados con cobertura, la cantidad del subsidio reembolsado con respecto a cada empleado con cobertura y que indique si el subsidio se debe a una persona o a dos o más personas. Ez forms 2013   Para más información, visite IRS. Ez forms 2013 gov y escriba “COBRA” en la casilla Search (Buscar). Ez forms 2013 La información está disponible en inglés. Ez forms 2013 Ayuda para radicar documentos ante la SSA. Ez forms 2013   Si necesita ayuda en español para radicar sus formularios contributivos ante la SSA (esto incluye la solicitud de un número de identificación personal (PIN, por sus siglas en inglés)), llame a la SSA al 1-800-772-6270. Ez forms 2013 Elegibilidad para empleo. Ez forms 2013   Usted tiene que verificar que cada empleado nuevo tenga derecho a trabajar legalmente en los Estados Unidos. Ez forms 2013 Esto incluye completar el Formulario I-9, Employment Eligibility Verification (Verificación de elegibilidad para empleo), disponible en español, del Servicio de Ciudadanía e Inmigración de Estados Unidos (USCIS, por sus siglas en inglés). Ez forms 2013 Puede obtener el formulario llamando al USCIS al 1-800-870-3676. Ez forms 2013 Si desea más información, comuníquese con el USCIS al 1-800-375-5283 o visite la página web de USCIS en www. Ez forms 2013 uscis. Ez forms 2013 gov/espanol. Ez forms 2013 Prev  Up  Next   Home   More Online Publications
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2012 ITIN Review Frequently Asked Questions

What are the interim changes to the ITIN application requirements?
The IRS is revising its procedures for issuing new Individual Taxpayer Identification Numbers (ITINs) as part of a comprehensive review of the ITIN processing procedures. Forms W-7, Application for IRS Individual Taxpayer Identification Number, submitted during the interim period beginning June 22, 2012 through the end of the year must include original documentation such as passports and birth certificates, or copies of these documents certified by the issuing agency. During this interim period, notarized copies of documentation will not be accepted.

Are there any applicants who are exempt from these new requirements?
Some categories of applicants are not impacted by these interim changes, including spouses and dependents of U.S. military personnel who need ITINs. People who should follow the current procedures outlined in the Form W-7 instructions include:

  • Military spouses and dependents without an SSN who need an ITIN (Military spouses use box "e" on Form W-7 and military dependents use box "d"). Exceptions to the new interim document standards will be made for military family members satisfying the documentation requirements by providing a copy of the spouse or parent's U.S. military identification, or applying from an overseas APO/FPO address.
  • Nonresident aliens applying for ITINs for the purpose of claiming tax treaty benefits (use boxes "a" and "h" on Form W-7). Non-resident alien applicants generally need ITINs for reasons besides filing a U.S. tax return. This is necessary for nonresident aliens who may be subject to third-party withholding for various income, such as certain gambling winnings or pension income, or need an ITIN for information reporting purposes. While existing documentation standards will be maintained only for these applicants, scrutiny of the documents will be heightened. ITIN applications of this category that are accompanied by a U.S. tax return will be subject to the new interim document standards.

What is the difference between a "certified" and a "notarized" document?
A certified document is one that the original issuing agency provides and certifies as an exact copy of the original document and contains an official stamped seal from the Agency. These documents will be accepted. A notarized document is one that the taxpayer provides to a public notary who bears witness to the signing of the official document and affixes a seal assuring that the document is legitimate. These documents will not be accepted for ITIN applications. Note there are some applicants who are exempt from this change. This exemption is described in a previous question.

Why is IRS changing the ITIN program procedures?
The IRS is instituting these interim changes while conducting a review of the program designed to strengthen and protect the integrity of the ITIN process.

Is this a temporary change to the program? If so, how long will it be in effect?
These are interim changes that have been put in place during a comprehensive review of ITIN processing procedures. Any permanent changes will be issued before the start of the 2013 filing season when most requests for ITINs come in.

When will the interim changes be effective?
These changes will be effective for all new applications submitted on or after June 22, 2012 and will remain in effect until the final rules are issued later this year.

If a taxpayer had a pending application on file with IRS before June 22, 2012, will processing continue with the notarized copies already submitted?
Yes, the IRS is analyzing the existing inventory of ITIN applications. Some taxpayers who have already filed applications may be required to furnish additional documentation directly to the IRS. However, no additional action is required for people who have already filed ITIN requests unless they are contacted by the IRS.

If a taxpayer had a pending application on file with IRS before June 22, 2012, that included original or certified documents, will the taxpayer need to take any additional action?
No. IRS will continue to process pending applications that include original or certified documentation.

Will Publications 1915, 4520 or 4327, or tax forms and instructions change to reflect this new requirement? If so, when will they change and when will they be available to the public?
Since these are interim changes, publications, forms and instructions will not change. Once IRS has determined the appropriate changes, these and other appropriate instructions will be updated to reflect the new policy.

Will taxpayers be able to submit Form W-7 applications (with original documents) at IRS Taxpayer Assistance Centers?
During this interim period, IRS Taxpayer Assistance Centers will accept original documentation or copies of these documents certified by the issuing agency and forward the documents to the Austin Submission Processing Center. 

Which documents are acceptable?
See the instructions for Form W-7. These instructions list 13 acceptable documents.

Will the IRS return my original documents to me? How long will it take to get them back?
The IRS currently receives original documents with some applications and we have a process in place to ensure that documents are returned to applicants.  The original and certified documents will be returned to applicants using the mailing address on the application via postage paid standard U.S. mail within 60 days of receipt and processing of the Form W-7.

Whom should I contact if I do not receive the documents within the allotted period?
If you do not receive your original documents within 65 days of mailing to the IRS, allowing 5 days for postal mail receipt, you may call 1-800-908-9982 (U.S. only) or for international, call 1-267-941-1000 (this is not a toll free number).

Are there any alternative options for me if I cannot get the original documents I need?
Unless you are one of the exempt applicants described above, this change requires the submission of original or certified copies of documentation from the issuing agency in order to obtain an ITIN. You may be able to request a certified copy of your passport or similar international identification (e.g., Matricula Card) at your local consulate's office.

If I cannot get the documents I need to apply for an ITIN, can I apply for a Social Security number instead?
If you qualify for a social security number, you should not be applying for an ITIN.

Can my consulate or embassy certify my documents?
You may be able to request a certified copy of documents at an embassy or consulate.  However, services may vary between countries, so we recommend that you contact the appropriate consulate or embassy for specific information.

My consulate or embassy wants to know why I need a certified copy of my passport.  What should I provided them as proof of requirement?
We recommend that you refer the consulate or embassy to the information on www.IRS.gov or that you download and copy that information and provide it to them.

Will the IRS accept an apostille document?
During this interim period, the IRS is only accepting original documentation or copies of documents certified by the issuing country or agency.  An apostille does not meet these requirements since it is similar to the U.S. Notary, which we are currently not accepting.  You may be able to request a certified copy of identification documents at the applicant’s embassy or consulate. However, services may vary between countries so we recommend that you contact the appropriate consulate or embassy for that information.  

As a reminder, some categories of applicants are exempt from the requirement to provide original or certified copies including U.S. Military spouses (box “e” on Form W-7), U.S. Military dependents (box “d” on Form W-7), and non-resident aliens applying for ITINs to claim tax treaty benefits (box “a” and ”h” on Form W-7).

 

Additional Information For Certifying Acceptance Agents (CAAs) and Acceptance Agents (AAs)

Can CAAs and AAs still submit Forms W-7 to the IRS for taxpayers?
Yes, CAAs and AAs can still submit Forms W-7 on behalf of their clients but must provide the original documents or certified copies from the issuing agency along with Form 14194, Certificate of Accuracy, unless the applicant is exempt as described above. If the applicant is exempt, CAAs and AAs must still provide identification documents along with the Form 14194, however, notarized copies of those documents will be accepted.

As a CAA or AA, is there anything I need to do differently when submitting my client's W-7 application for an ITIN?
As a CAA or AA you will be required to include original documentation or certified copies from the issuing agency along with your client's Form W-7 application. While using Form 14194, Certificate of Accuracy, in lieu of original documents is no longer appropriate, the IRS still requires that you submit it with the applications and necessary documents. IRS will make the determination of whether applicants qualify for an ITIN based on the documentation submitted. Note the exempt applicants described above.

Will IRS continue to process applications to become an AA or CAA?
IRS will not process any applications during this interim review period but those interested in being an AA or CAA should still submit their applications during the open season that runs through August 31, 2012.

Page Last Reviewed or Updated: 03-Jun-2013

The Ez Forms 2013

Ez forms 2013 Publication 561 - Main Contents Table of Contents What Is Fair Market Value (FMV)?Factors. Ez forms 2013 Stock. Ez forms 2013 Options. Ez forms 2013 Determining Fair Market Value Problems in Determining Fair Market Value Valuation of Various Kinds of PropertyHousehold Goods Used Clothing Jewelry and Gems Paintings, Antiques, and Other Objects of Art Collections Cars, Boats, and Aircraft Inventory Patents Stocks and Bonds Real Estate Interest in a Business Annuities, Interests for Life or Terms of Years, Remainders, and Reversions Certain Life Insurance and Annuity Contracts Partial Interest in Property Not in Trust AppraisalsDeductions of More Than $5,000 Deductions of More Than $500,000 Qualified Appraisal Form 8283 Internal Revenue Service Review of Appraisals Penalty How To Get Tax HelpLow income tax clinics (LITCs). Ez forms 2013 What Is Fair Market Value (FMV)? To figure how much you may deduct for property that you contribute, you must first determine its fair market value on the date of the contribution. Ez forms 2013 Fair market value. Ez forms 2013   Fair market value (FMV) is the price that property would sell for on the open market. Ez forms 2013 It is the price that would be agreed on between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts. Ez forms 2013 If you put a restriction on the use of property you donate, the FMV must reflect that restriction. Ez forms 2013 Example 1. Ez forms 2013 If you give used clothing to the Salvation Army, the FMV would be the price that typical buyers actually pay for clothing of this age, condition, style, and use. Ez forms 2013 Usually, such items are worth far less than what you paid for them. Ez forms 2013 Example 2. Ez forms 2013 If you donate land and restrict its use to agricultural purposes, you must value the land at its value for agricultural purposes, even though it would have a higher FMV if it were not restricted. Ez forms 2013 Factors. Ez forms 2013   In making and supporting the valuation of property, all factors affecting value are relevant and must be considered. Ez forms 2013 These include: The cost or selling price of the item, Sales of comparable properties, Replacement cost, and Opinions of experts. Ez forms 2013   These factors are discussed later. Ez forms 2013 Also, see Table 1 for a summary of questions to ask as you consider each factor. Ez forms 2013 Date of contribution. Ez forms 2013   Ordinarily, the date of a contribution is the date that the transfer of the property takes place. Ez forms 2013 Stock. Ez forms 2013   If you deliver, without any conditions, a properly endorsed stock certificate to a qualified organization or to an agent of the organization, the date of the contribution is the date of delivery. Ez forms 2013 If the certificate is mailed and received through the regular mail, it is the date of mailing. Ez forms 2013 If you deliver the certificate to a bank or broker acting as your agent or to the issuing corporation or its agent, for transfer into the name of the organization, the date of the contribution is the date the stock is transferred on the books of the corporation. Ez forms 2013 Options. Ez forms 2013   If you grant an option to a qualified organization to buy real property, you have not made a charitable contribution until the organization exercises the option. Ez forms 2013 The amount of the contribution is the FMV of the property on the date the option is exercised minus the exercise price. Ez forms 2013 Example. Ez forms 2013 You grant an option to a local university, which is a qualified organization, to buy real property. Ez forms 2013 Under the option, the university could buy the property at any time during a 2-year period for $40,000. Ez forms 2013 The FMV of the property on the date the option is granted is $50,000. Ez forms 2013 In the following tax year, the university exercises the option. Ez forms 2013 The FMV of the property on the date the option is exercised is $55,000. Ez forms 2013 Therefore, you have made a charitable contribution of $15,000 ($55,000, the FMV, minus $40,000, the exercise price) in the tax year the option is exercised. Ez forms 2013 Determining Fair Market Value Determining the value of donated property would be a simple matter if you could rely only on fixed formulas, rules, or methods. Ez forms 2013 Usually it is not that simple. Ez forms 2013 Using such formulas, etc. Ez forms 2013 , seldom results in an acceptable determination of FMV. Ez forms 2013 There is no single formula that always applies when determining the value of property. Ez forms 2013 This is not to say that a valuation is only guesswork. Ez forms 2013 You must consider all the facts and circumstances connected with the property, such as its desirability, use, and scarcity. Ez forms 2013 For example, donated furniture should not be evaluated at some fixed rate such as 15% of the cost of new replacement furniture. Ez forms 2013 When the furniture is contributed, it may be out of style or in poor condition, therefore having little or no market value. Ez forms 2013 On the other hand, it may be an antique, the value of which could not be determined by using any formula. Ez forms 2013 Cost or Selling Price of the Donated Property The cost of the property to you or the actual selling price received by the qualified organization may be the best indication of its FMV. Ez forms 2013 However, because conditions in the market change, the cost or selling price of property may have less weight if the property was not bought or sold reasonably close to the date of contribution. Ez forms 2013 The cost or selling price is a good indication of the property's value if: The purchase or sale took place close to the valuation date in an open market, The purchase or sale was at “arm's-length,” The buyer and seller knew all relevant facts, The buyer and seller did not have to act, and The market did not change between the date of purchase or sale and the valuation date. Ez forms 2013 Example. Ez forms 2013 Tom Morgan, who is not a dealer in gems, bought an assortment of gems for $5,000 from a promoter. Ez forms 2013 The promoter claimed that the price was “wholesale” even though he and other dealers made similar sales at similar prices to other persons who were not dealers. Ez forms 2013 The promoter said that if Tom kept the gems for more than 1 year and then gave them to charity, Tom could claim a charitable deduction of $15,000, which, according to the promoter, would be the value of the gems at the time of contribution. Ez forms 2013 Tom gave the gems to a qualified charity 13 months after buying them. Ez forms 2013 The selling price for these gems had not changed from the date of purchase to the date he donated them to charity. Ez forms 2013 The best evidence of FMV depends on actual transactions and not on some artificial estimate. Ez forms 2013 The $5,000 charged Tom and others is, therefore, the best evidence of the maximum FMV of the gems. Ez forms 2013 Terms of the purchase or sale. Ez forms 2013   The terms of the purchase or sale should be considered in determining FMV if they influenced the price. Ez forms 2013 These terms include any restrictions, understandings, or covenants limiting the use or disposition of the property. Ez forms 2013 Rate of increase or decrease in value. Ez forms 2013   Unless you can show that there were unusual circumstances, it is assumed that the increase or decrease in the value of your donated property from your cost has been at a reasonable rate. Ez forms 2013 For time adjustments, an appraiser may consider published price indexes for information on general price trends, building costs, commodity costs, securities, and works of art sold at auction in arm's-length sales. Ez forms 2013 Example. Ez forms 2013 Bill Brown bought a painting for $10,000. Ez forms 2013 Thirteen months later he gave it to an art museum, claiming a charitable deduction of $15,000 on his tax return. Ez forms 2013 The appraisal of the painting should include information showing that there were unusual circumstances that justify a 50% increase in value for the 13 months Bill held the property. Ez forms 2013 Arm's-length offer. Ez forms 2013   An arm's-length offer to buy the property close to the valuation date may help to prove its value if the person making the offer was willing and able to complete the transaction. Ez forms 2013 To rely on an offer, you should be able to show proof of the offer and the specific amount to be paid. Ez forms 2013 Offers to buy property other than the donated item will help to determine value if the other property is reasonably similar to the donated property. Ez forms 2013 Sales of Comparable Properties The sales prices of properties similar to the donated property are often important in determining the FMV. Ez forms 2013 The weight to be given to each sale depends on the following. Ez forms 2013 The degree of similarity between the property sold and the donated property. Ez forms 2013 The time of the sale—whether it was close to the valuation date. Ez forms 2013 The circumstances of the sale—whether it was at arm's-length with a knowledgeable buyer and seller, with neither having to act. Ez forms 2013 The conditions of the market in which the sale was made—whether unusually inflated or deflated. Ez forms 2013 The comparable sales method of valuing real estate is explained later under Valuation of Various Kinds of Property. Ez forms 2013 Example 1. Ez forms 2013 Mary Black, who is not a book dealer, paid a promoter $10,000 for 500 copies of a single edition of a modern translation of the Bible. Ez forms 2013 The promoter had claimed that the price was considerably less than the “retail” price, and gave her a statement that the books had a total retail value of $30,000. Ez forms 2013 The promoter advised her that if she kept the Bibles for more than 1 year and then gave them to a qualified organization, she could claim a charitable deduction for the “retail” price of $30,000. Ez forms 2013 Thirteen months later she gave all the Bibles to a church that she selected from a list provided by the promoter. Ez forms 2013 At the time of her donation, wholesale dealers were selling similar quantities of Bibles to the general public for $10,000. Ez forms 2013 The FMV of the Bibles is $10,000, the price at which similar quantities of Bibles were being sold to others at the time of the contribution. Ez forms 2013 Example 2. Ez forms 2013 The facts are the same as in Example 1, except that the promoter gave Mary Black a second option. Ez forms 2013 The promoter said that if Mary wanted a charitable deduction within 1 year of the purchase, she could buy the 500 Bibles at the “retail” price of $30,000, paying only $10,000 in cash and giving a promissory note for the remaining $20,000. Ez forms 2013 The principal and interest on the note would not be due for 12 years. Ez forms 2013 According to the promoter, Mary could then, within 1 year of the purchase, give the Bibles to a qualified organization and claim the full $30,000 retail price as a charitable contribution. Ez forms 2013 She purchased the Bibles under the second option and, 3 months later, gave them to a church, which will use the books for church purposes. Ez forms 2013 At the time of the gift, the promoter was selling similar lots of Bibles for either $10,000 or $30,000. Ez forms 2013 The difference between the two prices was solely at the discretion of the buyer. Ez forms 2013 The promoter was a willing seller for $10,000. Ez forms 2013 Therefore, the value of Mary's contribution of the Bibles is $10,000, the amount at which similar lots of Bibles could be purchased from the promoter by members of the general public. Ez forms 2013 Replacement Cost The cost of buying, building, or manufacturing property similar to the donated item should be considered in determining FMV. Ez forms 2013 However, there must be a reasonable relationship between the replacement cost and the FMV. Ez forms 2013 The replacement cost is the amount it would cost to replace the donated item on the valuation date. Ez forms 2013 Often there is no relationship between the replacement cost and the FMV. Ez forms 2013 If the supply of the donated property is more or less than the demand for it, the replacement cost becomes less important. Ez forms 2013 To determine the replacement cost of the donated property, find the “estimated replacement cost new. Ez forms 2013 ” Then subtract from this figure an amount for depreciation due to the physical condition and obsolescence of the donated property. Ez forms 2013 You should be able to show the relationship between the depreciated replacement cost and the FMV, as well as how you arrived at the “estimated replacement cost new. Ez forms 2013 ” Opinions of Experts Generally, the weight given to an expert's opinion on matters such as the authenticity of a coin or a work of art, or the most profitable and best use of a piece of real estate, depends on the knowledge and competence of the expert and the thoroughness with which the opinion is supported by experience and facts. Ez forms 2013 For an expert's opinion to deserve much weight, the facts must support the opinion. Ez forms 2013 For additional information, see Appraisals, later. Ez forms 2013 Table 1. Ez forms 2013 Factors That Affect FMV IF the factor you are considering is. Ez forms 2013 . Ez forms 2013 . Ez forms 2013 THEN you should ask these questions. Ez forms 2013 . Ez forms 2013 . Ez forms 2013     cost or selling price Was the purchase or sale of the property reasonably close to the date of contribution? Was any increase or decrease in value, as compared to your cost, at a reasonable rate? Do the terms of purchase or sale limit what can be done with the property? Was there an arm's-length offer to buy the property close to the valuation date?     sales of comparable properties How similar is the property sold to the property donated? How close is the date of sale to the valuation date? Was the sale at arm's-length? What was the condition of the market at the time of sale?     replacement cost What would it cost to replace the donated property? Is there a reasonable relationship between replacement cost and FMV? Is the supply of the donated property more or less than the demand for it?     opinions of experts Is the expert knowledgeable and competent? Is the opinion thorough and supported by facts and experience? Problems in Determining Fair Market Value There are a number of problems in determining the FMV of donated property. Ez forms 2013 Unusual Market Conditions The sale price of the property itself in an arm's-length transaction in an open market is often the best evidence of its value. Ez forms 2013 When you rely on sales of comparable property, the sales must have been made in an open market. Ez forms 2013 If those sales were made in a market that was artificially supported or stimulated so as not to be truly representative, the prices at which the sales were made will not indicate the FMV. Ez forms 2013 For example, liquidation sale prices usually do not indicate the FMV. Ez forms 2013 Also, sales of stock under unusual circumstances, such as sales of small lots, forced sales, and sales in a restricted market, may not represent the FMV. Ez forms 2013 Selection of Comparable Sales Using sales of comparable property is an important method for determining the FMV of donated property. Ez forms 2013 However, the amount of weight given to a sale depends on the degree of similarity between the comparable and the donated properties. Ez forms 2013 The degree of similarity must be close enough so that this selling price would have been given consideration by reasonably well-informed buyers or sellers of the property. Ez forms 2013 Example. Ez forms 2013 You give a rare, old book to your former college. Ez forms 2013 The book is a third edition and is in poor condition because of a missing back cover. Ez forms 2013 You discover that there was a sale for $300, near the valuation date, of a first edition of the book that was in good condition. Ez forms 2013 Although the contents are the same, the books are not at all similar because of the different editions and their physical condition. Ez forms 2013 Little consideration would be given to the selling price of the $300 property by knowledgeable buyers or sellers. Ez forms 2013 Future Events You may not consider unexpected events happening after your donation of property in making the valuation. Ez forms 2013 You may consider only the facts known at the time of the gift, and those that could be reasonably expected at the time of the gift. Ez forms 2013 Example. Ez forms 2013 You give farmland to a qualified charity. Ez forms 2013 The transfer provides that your mother will have the right to all income and full use of the property for her life. Ez forms 2013 Even though your mother dies 1 week after the transfer, the value of the property on the date it is given is its present value, subject to the life interest as estimated from actuarial tables. Ez forms 2013 You may not take a higher deduction because the charity received full use and possession of the land only 1 week after the transfer. Ez forms 2013 Using Past Events to Predict the Future A common error is to rely too much on past events that do not fairly reflect the probable future earnings and FMV. Ez forms 2013 Example. Ez forms 2013 You give all your rights in a successful patent to your favorite charity. Ez forms 2013 Your records show that before the valuation date there were three stages in the patent's history of earnings. Ez forms 2013 First, there was rapid growth in earnings when the invention was introduced. Ez forms 2013 Then, there was a period of high earnings when the invention was being exploited. Ez forms 2013 Finally, there was a decline in earnings when competing inventions were introduced. Ez forms 2013 The entire history of earnings may be relevant in estimating the future earnings. Ez forms 2013 However, the appraiser must not rely too much on the stage of rapid growth in earnings, or of high earnings. Ez forms 2013 The market conditions at those times do not represent the condition of the market at the valuation date. Ez forms 2013 What is most significant is the trend of decline in earnings up to the valuation date. Ez forms 2013 For more information about donations of patents, see Patents, later. Ez forms 2013 Valuation of Various Kinds of Property This section contains information on determining the FMV of ordinary kinds of donated property. Ez forms 2013 For information on appraisals, see Appraisals, later. Ez forms 2013 Household Goods The FMV of used household goods, such as furniture, appliances, and linens, is usually much lower than the price paid when new. Ez forms 2013 Such used property may have little or no market value because of its worn condition. Ez forms 2013 It may be out of style or no longer useful. Ez forms 2013 You cannot take a deduction for household goods donated after August 17, 2006, unless they are in good used condition or better. Ez forms 2013 A household good that is not in good used condition or better for which you take a deduction of more than $500 requires a qualified appraisal. Ez forms 2013 See Deduction over $500 for certain clothing or household items, later. Ez forms 2013 If the property is valuable because it is old or unique, see the discussion under Paintings, Antiques, and Other Objects of Art. Ez forms 2013 Used Clothing Used clothing and other personal items are usually worth far less than the price you paid for them. Ez forms 2013 Valuation of items of clothing does not lend itself to fixed formulas or methods. Ez forms 2013 The price that buyers of used items actually pay in used clothing stores, such as consignment or thrift shops, is an indication of the value. Ez forms 2013 You cannot take a deduction for clothing donated after August 17, 2006, unless it is in good used condition or better. Ez forms 2013 An item of clothing that is not in good used condition or better for which you take a deduction of more than $500 requires a qualified appraisal. Ez forms 2013 See Deduction over $500 for certain clothing or household items, later. Ez forms 2013 For valuable furs or very expensive gowns, a Form 8283 may have to be sent with your tax return. Ez forms 2013 Jewelry and Gems Jewelry and gems are of such a specialized nature that it is almost always necessary to get an appraisal by a specialized jewelry appraiser. Ez forms 2013 The appraisal should describe, among other things, the style of the jewelry, the cut and setting of the gem, and whether it is now in fashion. Ez forms 2013 If not in fashion, the possibility of having the property redesigned, recut, or reset should be reported in the appraisal. Ez forms 2013 The stone's coloring, weight, cut, brilliance, and flaws should be reported and analyzed. Ez forms 2013 Sentimental personal value has no effect on FMV. Ez forms 2013 But if the jewelry was owned by a famous person, its value might increase. Ez forms 2013 Paintings, Antiques, and Other Objects of Art Your deduction for contributions of paintings, antiques, and other objects of art, should be supported by a written appraisal from a qualified and reputable source, unless the deduction is $5,000 or less. Ez forms 2013 Examples of information that should be included in appraisals of art objects—paintings in particular—are found later under Qualified Appraisal. Ez forms 2013 Art valued at $20,000 or more. Ez forms 2013   If you claim a deduction of $20,000 or more for donations of art, you must attach a complete copy of the signed appraisal to your return. Ez forms 2013 For individual objects valued at $20,000 or more, a photograph of a size and quality fully showing the object, preferably an 8 x 10 inch color photograph or a color transparency no smaller than 4 x 5 inches, must be provided upon request. Ez forms 2013 Art valued at $50,000 or more. Ez forms 2013   If you donate an item of art that has been appraised at $50,000 or more, you can request a Statement of Value for that item from the IRS. Ez forms 2013 You must request the statement before filing the tax return that reports the donation. Ez forms 2013 Your request must include the following. Ez forms 2013 A copy of a qualified appraisal of the item. Ez forms 2013 See Qualified Appraisal, later. Ez forms 2013 A $2,500 check or money order payable to the Internal Revenue Service for the user fee that applies to your request regarding one, two, or three items of art. Ez forms 2013 Add $250 for each item in excess of three. Ez forms 2013 A completed Form 8283, Section B. Ez forms 2013 The location of the IRS territory that has examination responsibility for your return. Ez forms 2013 If your request lacks essential information, you will be notified and given 30 days to provide the missing information. Ez forms 2013   Send your request to: Internal Revenue Service Attention: Art Appraisal (C:AP:ART) P. Ez forms 2013 O. Ez forms 2013 Box 27720 McPherson Station Washington, DC 20038 Refunds. Ez forms 2013   You can withdraw your request for a Statement of Value at any time before it is issued. Ez forms 2013 However, the IRS will not refund the user fee if you do. Ez forms 2013   If the IRS declines to issue a Statement of Value in the interest of efficient tax administration, the IRS will refund the user fee. Ez forms 2013 Authenticity. Ez forms 2013   The authenticity of the donated art must be determined by the appraiser. Ez forms 2013 Physical condition. Ez forms 2013   Important items in the valuation of antiques and art are physical condition and extent of restoration. Ez forms 2013 These have a significant effect on the value and must be fully reported in an appraisal. Ez forms 2013 An antique in damaged condition, or lacking the “original brasses,” may be worth much less than a similar piece in excellent condition. Ez forms 2013 Art appraisers. Ez forms 2013   More weight will usually be given to an appraisal prepared by an individual specializing in the kind and price range of the art being appraised. Ez forms 2013 Certain art dealers or appraisers specialize, for example, in old masters, modern art, bronze sculpture, etc. Ez forms 2013 Their opinions on the authenticity and desirability of such art would usually be given more weight than the opinions of more generalized art dealers or appraisers. Ez forms 2013 They can report more recent comparable sales to support their opinion. Ez forms 2013   To identify and locate experts on unique, specialized items or collections, you may wish to use the current Official Museum Directory of the American Association of Museums. Ez forms 2013 It lists museums both by state and by category. Ez forms 2013   To help you locate a qualified appraiser for your donation, you may wish to ask an art historian at a nearby college or the director or curator of a local museum. Ez forms 2013 The Yellow Pages often list specialized art and antique dealers, auctioneers, and art appraisers. Ez forms 2013 You may be able to find a qualified appraiser on the Internet. Ez forms 2013 You may also contact associations of dealers for guidance. Ez forms 2013 Collections Since many kinds of hobby collections may be the subject of a charitable donation, it is not possible to discuss all of the possible collectibles in this publication. Ez forms 2013 Most common are rare books, autographs, sports memorabilia, dolls, manuscripts, stamps, coins, guns, phonograph records, and natural history items. Ez forms 2013 Many of the elements of valuation that apply to paintings and other objects of art, discussed earlier, also apply to miscellaneous collections. Ez forms 2013 Reference material. Ez forms 2013   Publications available to help you determine the value of many kinds of collections include catalogs, dealers' price lists, and specialized hobby periodicals. Ez forms 2013 When using one of these price guides, you must use the current edition at the date of contribution. Ez forms 2013 However, these sources are not always reliable indicators of FMV and should be supported by other evidence. Ez forms 2013   For example, a dealer may sell an item for much less than is shown on a price list, particularly after the item has remained unsold for a long time. Ez forms 2013 The price an item sold for in an auction may have been the result of a rigged sale or a mere bidding duel. Ez forms 2013 The appraiser must analyze the reference material, and recognize and make adjustments for misleading entries. Ez forms 2013 If you are donating a valuable collection, you should get an appraisal. Ez forms 2013 If your donation appears to be of little value, you may be able to make a satisfactory valuation using reference materials available at a state, city, college, or museum library. Ez forms 2013 Stamp collections. Ez forms 2013   Most libraries have catalogs or other books that report the publisher's estimate of values. Ez forms 2013 Generally, two price levels are shown for each stamp: the price postmarked and the price not postmarked. Ez forms 2013 Stamp dealers generally know the value of their merchandise and are able to prepare satisfactory appraisals of valuable collections. Ez forms 2013 Coin collections. Ez forms 2013   Many catalogs and other reference materials show the writer's or publisher's opinion of the value of coins on or near the date of the publication. Ez forms 2013 Like many other collectors' items, the value of a coin depends on the demand for it, its age, and its rarity. Ez forms 2013 Another important factor is the coin's condition. Ez forms 2013 For example, there is a great difference in the value of a coin that is in mint condition and a similar coin that is only in good condition. Ez forms 2013   Catalogs usually establish a category for coins, based on their physical condition—mint or uncirculated, extremely fine, very fine, fine, very good, good, fair, or poor—with a different valuation for each category. Ez forms 2013 Books. Ez forms 2013   The value of books is usually determined by selecting comparable sales and adjusting the prices according to the differences between the comparable sales and the item being evaluated. Ez forms 2013 This is difficult to do and, except for a collection of little value, should be done by a specialized appraiser. Ez forms 2013 Within the general category of literary property, there are dealers who specialize in certain areas, such as Americana, foreign imports, Bibles, and scientific books. Ez forms 2013 Modest value of collection. Ez forms 2013   If the collection you are donating is of modest value, not requiring a written appraisal, the following information may help you in determining the FMV. Ez forms 2013   A book that is very old, or very rare, is not necessarily valuable. Ez forms 2013 There are many books that are very old or rare, but that have little or no market value. Ez forms 2013 Condition of book. Ez forms 2013   The condition of a book may have a great influence on its value. Ez forms 2013 Collectors are interested in items that are in fine, or at least good, condition. Ez forms 2013 When a book has a missing page, a loose binding, tears, stains, or is otherwise in poor condition, its value is greatly lowered. Ez forms 2013 Other factors. Ez forms 2013   Some other factors in the valuation of a book are the kind of binding (leather, cloth, paper), page edges, and illustrations (drawings and photographs). Ez forms 2013 Collectors usually want first editions of books. Ez forms 2013 However, because of changes or additions, other editions are sometimes worth as much as, or more than, the first edition. Ez forms 2013 Manuscripts, autographs, diaries, and similar items. Ez forms 2013   When these items are handwritten, or at least signed by famous people, they are often in demand and are valuable. Ez forms 2013 The writings of unknowns also may be of value if they are of unusual historical or literary importance. Ez forms 2013 Determining the value of such material is difficult. Ez forms 2013 For example, there may be a great difference in value between two diaries that were kept by a famous person—one kept during childhood and the other during a later period in his or her life. Ez forms 2013 The appraiser determines a value in these cases by applying knowledge and judgment to such factors as comparable sales and conditions. Ez forms 2013 Signatures. Ez forms 2013   Signatures, or sets of signatures, that were cut from letters or other papers usually have little or no value. Ez forms 2013 But complete sets of the signatures of U. Ez forms 2013 S. Ez forms 2013 presidents are in demand. Ez forms 2013 Cars, Boats, and Aircraft If you donate a car, a boat, or an aircraft to a charitable organization, its FMV must be determined. Ez forms 2013 Certain commercial firms and trade organizations publish monthly or seasonal guides for different regions of the country, containing complete dealer sale prices or dealer average prices for recent model years. Ez forms 2013 Prices are reported for each make, model, and year. Ez forms 2013 These guides also provide estimates for adjusting for unusual equipment, unusual mileage, and physical condition. Ez forms 2013 The prices are not “official,” and these publications are not considered an appraisal of any specific donated property. Ez forms 2013 But they do provide clues for making an appraisal and suggest relative prices for comparison with current sales and offerings in your area. Ez forms 2013 These publications are sometimes available from public libraries or at a bank, credit union, or finance company. Ez forms 2013 You can also find pricing information about used cars on the Internet. Ez forms 2013 An acceptable measure of the FMV of a donated car, boat, or airplane is an amount not in excess of the price listed in a used vehicle pricing guide for a private party sale, not the dealer retail value, of a similar vehicle. Ez forms 2013 However, the FMV may be less than that amount if the vehicle has engine trouble, body damage, high mileage, or any type of excessive wear. Ez forms 2013 The FMV of a donated vehicle is the same as the price listed in a used vehicle pricing guide for a private party sale only if the guide lists a sales price for a vehicle that is the same make, model, and year, sold in the same area, in the same condition, with the same or similar options or accessories, and with the same or similar warranties as the donated vehicle. Ez forms 2013 Example. Ez forms 2013 You donate a used car in poor condition to a local high school for use by students studying car repair. Ez forms 2013 A used car guide shows the dealer retail value for this type of car in poor condition is $1,600. Ez forms 2013 However, the guide shows the price for a private party sale of the car is only $750. Ez forms 2013 The FMV of the car is considered to be no more than $750. Ez forms 2013 Boats. Ez forms 2013   Except for inexpensive small boats, the valuation of boats should be based on an appraisal by a marine surveyor because the physical condition is so critical to the value. Ez forms 2013 More information. Ez forms 2013   Your deduction for a donated car, boat, or airplane generally is limited to the gross proceeds from its sale by the qualified organization. Ez forms 2013 This rule applies if the claimed value of the donated vehicle is more than $500. Ez forms 2013 In certain cases, you can deduct the vehicle's FMV. Ez forms 2013 For details, see Publication 526. Ez forms 2013 Inventory If you donate any inventory item to a charitable organization, the amount of your deductible contribution generally is the FMV of the item, minus any gain you would have realized if you had sold the item at its FMV on the date of the gift. Ez forms 2013 For more information, see Publication 526. Ez forms 2013 Patents To determine the FMV of a patent, you must take into account, among other factors: Whether the patented technology has been made obsolete by other technology; Any restrictions on the donee's use of, or ability to transfer, the patented technology; and The length of time remaining before the patent expires. Ez forms 2013 However, your deduction for a donation of a patent or other intellectual property is its FMV, minus any gain you would have realized if you had sold the property at its FMV on the date of the gift. Ez forms 2013 Generally, this means your deduction is the lesser of the property's FMV or its basis. Ez forms 2013 For details, see Publication 526. Ez forms 2013 Stocks and Bonds The value of stocks and bonds is the FMV of a share or bond on the valuation date. Ez forms 2013 See Date of contribution, earlier, under What Is Fair Market Value (FMV). Ez forms 2013 Selling prices on valuation date. Ez forms 2013   If there is an active market for the contributed stocks or bonds on a stock exchange, in an over-the-counter market, or elsewhere, the FMV of each share or bond is the average price between the highest and lowest quoted selling prices on the valuation date. Ez forms 2013 For example, if the highest selling price for a share was $11, and the lowest $9, the average price is $10. Ez forms 2013 You get the average price by adding $11 and $9 and dividing the sum by 2. Ez forms 2013 No sales on valuation date. Ez forms 2013   If there were no sales on the valuation date, but there were sales within a reasonable period before and after the valuation date, you determine FMV by taking the average price between the highest and lowest sales prices on the nearest date before and on the nearest date after the valuation date. Ez forms 2013 Then you weight these averages in inverse order by the respective number of trading days between the selling dates and the valuation date. Ez forms 2013 Example. Ez forms 2013   On the day you gave stock to a qualified organization, there were no sales of the stock. Ez forms 2013 Sales of the stock nearest the valuation date took place two trading days before the valuation date at an average selling price of $10 and three trading days after the valuation date at an average selling price of $15. Ez forms 2013 The FMV on the valuation date was $12, figured as follows: [(3 x $10) + (2 x $15)] ÷ 5 = $12 Listings on more than one stock exchange. Ez forms 2013   Stocks or bonds listed on more than one stock exchange are valued based on the prices of the exchange on which they are principally dealt. Ez forms 2013 This applies if these prices are published in a generally available listing or publication of general circulation. Ez forms 2013 If this is not applicable, and the stocks or bonds are reported on a composite listing of combined exchanges in a publication of general circulation, use the composite list. Ez forms 2013 See also Unavailable prices or closely held corporation, later. Ez forms 2013 Bid and asked prices on valuation date. Ez forms 2013   If there were no sales within a reasonable period before and after the valuation date, the FMV is the average price between the bona fide bid and asked prices on the valuation date. Ez forms 2013 Example. Ez forms 2013 Although there were no sales of Blue Corporation stock on the valuation date, bona fide bid and asked prices were available on that date of $14 and $16, respectively. Ez forms 2013 The FMV is $15, the average price between the bid and asked prices. Ez forms 2013 No prices on valuation date. Ez forms 2013   If there were no prices available on the valuation date, you determine FMV by taking the average prices between the bona fide bid and asked prices on the closest trading date before and after the valuation date. Ez forms 2013 Both dates must be within a reasonable period. Ez forms 2013 Then you weight these averages in inverse order by the respective number of trading days between the bid and asked dates and the valuation date. Ez forms 2013 Example. Ez forms 2013 On the day you gave stock to a qualified organization, no prices were available. Ez forms 2013 Bona fide bid and asked prices 3 days before the valuation date were $10 and 2 days after the valuation date were $15. Ez forms 2013 The FMV on the valuation date is $13, figured as follows: [(2 x $10) + (3 x $15)] ÷ 5 = $13 Prices only before or after valuation date, but not both. Ez forms 2013   If no selling prices or bona fide bid and asked prices are available on a date within a reasonable period before the valuation date, but are available on a date within a reasonable period after the valuation date, or vice versa, then the average price between the highest and lowest of such available prices may be treated as the value. Ez forms 2013 Large blocks of stock. Ez forms 2013   When a large block of stock is put on the market, it may lower the selling price of the stock if the supply is greater than the demand. Ez forms 2013 On the other hand, market forces may exist that will afford higher prices for large blocks of stock. Ez forms 2013 Because of the many factors to be considered, determining the value of large blocks of stock usually requires the help of experts specializing in underwriting large quantities of securities, or in trading in the securities of the industry of which the particular company is a part. Ez forms 2013 Unavailable prices or closely held corporation. Ez forms 2013   If selling prices or bid and asked prices are not available, or if securities of a closely held corporation are involved, determine the FMV by considering the following factors. Ez forms 2013 For bonds, the soundness of the security, the interest yield, the date of maturity, and other relevant factors. Ez forms 2013 For shares of stock, the company's net worth, prospective earning power and dividend-paying capacity, and other relevant factors. Ez forms 2013 Other factors. Ez forms 2013   Other relevant factors include: The nature and history of the business, especially its recent history, The goodwill of the business, The economic outlook in the particular industry, The company's position in the industry, its competitors, and its management, and The value of securities of corporations engaged in the same or similar business. Ez forms 2013 For preferred stock, the most important factors are its yield, dividend coverage, and protection of its liquidation preference. Ez forms 2013   You should keep complete financial and other information on which the valuation is based. Ez forms 2013 This includes copies of reports of examinations of the company made by accountants, engineers, or any technical experts on or close to the valuation date. Ez forms 2013 Restricted securities. Ez forms 2013   Some classes of stock cannot be traded publicly because of restrictions imposed by the Securities and Exchange Commission, or by the corporate charter or a trust agreement. Ez forms 2013 These restricted securities usually trade at a discount in relation to freely traded securities. Ez forms 2013   To arrive at the FMV of restricted securities, factors that you must consider include the resale provisions found in the restriction agreements, the relative negotiating strengths of the buyer and seller, and the market experience of freely traded securities of the same class as the restricted securities. Ez forms 2013 Real Estate Because each piece of real estate is unique and its valuation is complicated, a detailed appraisal by a professional appraiser is necessary. Ez forms 2013 The appraiser must be thoroughly trained in the application of appraisal principles and theory. Ez forms 2013 In some instances the opinions of equally qualified appraisers may carry unequal weight, such as when one appraiser has a better knowledge of local conditions. Ez forms 2013 The appraisal report must contain a complete description of the property, such as street address, legal description, and lot and block number, as well as physical features, condition, and dimensions. Ez forms 2013 The use to which the property is put, zoning and permitted uses, and its potential use for other higher and better uses are also relevant. Ez forms 2013 In general, there are three main approaches to the valuation of real estate. Ez forms 2013 An appraisal may require the combined use of two or three methods rather than one method only. Ez forms 2013 1. Ez forms 2013 Comparable Sales The comparable sales method compares the donated property with several similar properties that have been sold. Ez forms 2013 The selling prices, after adjustments for differences in date of sale, size, condition, and location, would then indicate the estimated FMV of the donated property. Ez forms 2013 If the comparable sales method is used to determine the value of unimproved real property (land without significant buildings, structures, or any other improvements that add to its value), the appraiser should consider the following factors when comparing the potential comparable property and the donated property: Location, size, and zoning or use restrictions, Accessibility and road frontage, and available utilities and water rights, Riparian rights (right of access to and use of the water by owners of land on the bank of a river) and existing easements, rights-of-way, leases, etc. Ez forms 2013 , Soil characteristics, vegetative cover, and status of mineral rights, and Other factors affecting value. Ez forms 2013 For each comparable sale, the appraisal must include the names of the buyer and seller, the deed book and page number, the date of sale and selling price, a property description, the amount and terms of mortgages, property surveys, the assessed value, the tax rate, and the assessor's appraised FMV. Ez forms 2013 The comparable selling prices must be adjusted to account for differences between the sale property and the donated property. Ez forms 2013 Because differences of opinion may arise between appraisers as to the degree of comparability and the amount of the adjustment considered necessary for comparison purposes, an appraiser should document each item of adjustment. Ez forms 2013 Only comparable sales having the least adjustments in terms of items and/or total dollar adjustments should be considered as comparable to the donated property. Ez forms 2013 2. Ez forms 2013 Capitalization of Income This method capitalizes the net income from the property at a rate that represents a fair return on the particular investment at the particular time, considering the risks involved. Ez forms 2013 The key elements are the determination of the income to be capitalized and the rate of capitalization. Ez forms 2013 3. Ez forms 2013 Replacement Cost New or Reproduction Cost Minus Observed Depreciation This method, used alone, usually does not result in a determination of FMV. Ez forms 2013 Instead, it generally tends to set the upper limit of value, particularly in periods of rising costs, because it is reasonable to assume that an informed buyer will not pay more for the real estate than it would cost to reproduce a similar property. Ez forms 2013 Of course, this reasoning does not apply if a similar property cannot be created because of location, unusual construction, or some other reason. Ez forms 2013 Generally, this method serves to support the value determined from other methods. Ez forms 2013 When the replacement cost method is applied to improved realty, the land and improvements are valued separately. Ez forms 2013 The replacement cost of a building is figured by considering the materials, the quality of workmanship, and the number of square feet or cubic feet in the building. Ez forms 2013 This cost represents the total cost of labor and material, overhead, and profit. Ez forms 2013 After the replacement cost has been figured, consideration must be given to the following factors: Physical deterioration—the wear and tear on the building itself, Functional obsolescence—usually in older buildings with, for example, inadequate lighting, plumbing, or heating, small rooms, or a poor floor plan, and Economic obsolescence—outside forces causing the whole area to become less desirable. Ez forms 2013 Interest in a Business The FMV of any interest in a business, whether a sole proprietorship or a partnership, is the amount that a willing buyer would pay for the interest to a willing seller after consideration of all relevant factors. Ez forms 2013 The relevant factors to be considered in valuing the business are: The FMV of the assets of the business, The demonstrated earnings capacity of the business, based on a review of past and current earnings, and The other factors used in evaluating corporate stock, if they apply. Ez forms 2013 The value of the goodwill of the business should also be taken into consideration. Ez forms 2013 You should keep complete financial and other information on which you base the valuation. Ez forms 2013 This includes copies of reports of examinations of the business made by accountants, engineers, or any technical experts on or close to the valuation date. Ez forms 2013 Annuities, Interests for Life or Terms of Years, Remainders, and Reversions The value of these kinds of property is their present value, except in the case of annuities under contracts issued by companies regularly engaged in their sale. Ez forms 2013 The valuation of these commercial annuity contracts and of insurance policies is discussed later under Certain Life Insurance and Annuity Contracts. Ez forms 2013 To determine present value, you must know the applicable interest rate and use actuarial tables. Ez forms 2013 Interest rate. Ez forms 2013   The applicable interest rate varies. Ez forms 2013 It is announced monthly in a news release and published in the Internal Revenue Bulletin as a Revenue Ruling. Ez forms 2013 The interest rate to use is under the heading “Rate Under Section 7520” for a given month and year. Ez forms 2013 You can call the IRS office at 1-800-829-1040 to obtain this rate. Ez forms 2013 Actuarial tables. Ez forms 2013   You need to refer to actuarial tables to determine a qualified interest in the form of an annuity, any interest for life or a term of years, or any remainder interest to a charitable organization. Ez forms 2013   Use the valuation tables set forth in IRS Publications 1457, Actuarial Values (Book Aleph), and 1458, Actuarial Values (Book Beth). Ez forms 2013 Both of these publications provide tables containing actuarial factors to be used in determining the present value of an annuity, an interest for life or for a term of years, or a remainder or reversionary interest. Ez forms 2013 For qualified charitable transfers, you can use the factor for the month in which you made the contribution or for either of the 2 months preceding that month. Ez forms 2013   Publication 1457 also contains actuarial factors for computing the value of a remainder interest in a charitable remainder annuity trust and a pooled income fund. Ez forms 2013 Publication 1458 contains the factors for valuing the remainder interest in a charitable remainder unitrust. Ez forms 2013 You can download Publications 1457 and 1458 from www. Ez forms 2013 irs. Ez forms 2013 gov. Ez forms 2013 In addition, they are available for purchase via the website of the U. Ez forms 2013 S. Ez forms 2013 Government Printing Office, by phone at (202) 512-1800, or by mail from the: Superintendent of Documents P. Ez forms 2013 O. Ez forms 2013 Box 371954 Pittsburgh, PA 15250-7954 Tables containing actuarial factors for transfers to pooled income funds may also be found in Income Tax Regulation 1. Ez forms 2013 642(c)-6(e)(6), transfers to charitable remainder unitrusts in Regulation 1. Ez forms 2013 664-4(e), and other transfers in Regulation 20. Ez forms 2013 2031-7(d)(6). Ez forms 2013 Special factors. Ez forms 2013   If you need a special factor for an actual transaction, you can request a letter ruling. Ez forms 2013 Be sure to include the date of birth of each person the duration of whose life may affect the value of the interest. Ez forms 2013 Also include copies of the relevant instruments. Ez forms 2013 IRS charges a user fee for providing special factors. Ez forms 2013   For more information about requesting a ruling, see Revenue Procedure 2006-1 (or annual update), 2006-1 I. Ez forms 2013 R. Ez forms 2013 B. Ez forms 2013 1. Ez forms 2013 Revenue Procedure 2006-1 is available at www. Ez forms 2013 irs. Ez forms 2013 gov/irb/2006-01_IRB/ar06. Ez forms 2013 html. Ez forms 2013   For information on the circumstances under which a charitable deduction may be allowed for the donation of a partial interest in property not in trust, see Partial Interest in Property Not in Trust, later. Ez forms 2013 Certain Life Insurance and Annuity Contracts The value of an annuity contract or a life insurance policy issued by a company regularly engaged in the sale of such contracts or policies is the amount that company would charge for a comparable contract. Ez forms 2013 But if the donee of a life insurance policy may reasonably be expected to cash the policy rather than hold it as an investment, then the FMV is the cash surrender value rather than the replacement cost. Ez forms 2013 If an annuity is payable under a combination annuity contract and life insurance policy (for example, a retirement income policy with a death benefit) and there was no insurance element when it was transferred to the charity, the policy is treated as an annuity contract. Ez forms 2013 Partial Interest in Property Not in Trust Generally, no deduction is allowed for a charitable contribution, not made in trust, of less than your entire interest in property. Ez forms 2013 However, this does not apply to a transfer of less than your entire interest if it is a transfer of: A remainder interest in your personal residence or farm, An undivided part of your entire interest in property, or A qualified conservation contribution. Ez forms 2013 Remainder Interest in Real Property The amount of the deduction for a donation of a remainder interest in real property is the FMV of the remainder interest at the time of the contribution. Ez forms 2013 To determine this value, you must know the FMV of the property on the date of the contribution. Ez forms 2013 Multiply this value by the appropriate factor. Ez forms 2013 Publications 1457 and 1458 contain these factors. Ez forms 2013 You must make an adjustment for depreciation or depletion using the factors shown in Publication 1459, Actuarial Values (Book Gimel). Ez forms 2013 You can use the factors for the month in which you made the contribution or for either of the two months preceding that month. Ez forms 2013 See the earlier discussion on Annuities, Interests for Life or Terms of Years, Remainders, and Reversions. Ez forms 2013 You can download Publication 1459 from www. Ez forms 2013 irs. Ez forms 2013 gov. Ez forms 2013 For this purpose, the term “depreciable property” means any property subject to wear and tear or obsolescence, even if not used in a trade or business or for the production of income. Ez forms 2013 If the remainder interest includes both depreciable and nondepreciable property, for example a house and land, the FMV must be allocated between each kind of property at the time of the contribution. Ez forms 2013 This rule also applies to a gift of a remainder interest that includes property that is part depletable and part not depletable. Ez forms 2013 Take into account depreciation or depletion only for the property that is subject to depreciation or depletion. Ez forms 2013 For more information, see section 1. Ez forms 2013 170A-12 of the Income Tax Regulations. Ez forms 2013 Undivided Part of Your Entire Interest A contribution of an undivided part of your entire interest in property must consist of a part of each and every substantial interest or right you own in the property. Ez forms 2013 It must extend over the entire term of your interest in the property. Ez forms 2013 For example, you are entitled to the income from certain property for your life (life estate) and you contribute 20% of that life estate to a qualified organization. Ez forms 2013 You can claim a deduction for the contribution if you do not have any other interest in the property. Ez forms 2013 To figure the value of a contribution involving a partial interest, see Publication 1457. Ez forms 2013 If the only interest you own in real property is a remainder interest and you transfer part of that interest to a qualified organization, see the previous discussion on valuation of a remainder interest in real property. Ez forms 2013 Qualified Conservation Contribution A qualified conservation contribution is a contribution of a qualified real property interest to a qualified organization to be used only for conservation purposes. Ez forms 2013 Qualified organization. Ez forms 2013   For purposes of a qualified conservation contribution, a qualified organization is: A governmental unit, A publicly supported charitable, religious, scientific, literary, educational, etc. Ez forms 2013 , organization, or An organization that is controlled by, and operated for the exclusive benefit of, a governmental unit or a publicly supported charity. Ez forms 2013 The organization also must have a commitment to protect the conservation purposes of the donation and must have the resources to enforce the restrictions. Ez forms 2013 Conservation purposes. Ez forms 2013   Your contribution must be made only for one of the following conservation purposes. Ez forms 2013 Preserving land areas for outdoor recreation by, or for the education of, the general public. Ez forms 2013 Protecting a relatively natural habitat of fish, wildlife, or plants, or a similar ecosystem. Ez forms 2013 Preserving open space, including farmland and forest land, if it yields a significant public benefit. Ez forms 2013 It must be either for the scenic enjoyment of the general public or under a clearly defined federal, state, or local governmental conservation policy. Ez forms 2013 Preserving a historically important land area or a certified historic structure. Ez forms 2013 There must be some visual public access to the property. Ez forms 2013 Factors used in determining the type and amount of public access required include the historical significance of the property, the remoteness or accessibility of the site, and the extent to which intrusions on the privacy of individuals living on the property would be unreasonable. Ez forms 2013 Building in registered historic district. Ez forms 2013   A contribution after July 25, 2006, of a qualified real property interest that is an easement or other restriction on the exterior of a building in a registered historic district is deductible only if it meets all of the following three conditions. Ez forms 2013 The restriction must preserve the entire exterior of the building and must prohibit any change to the exterior of the building that is inconsistent with its historical character. Ez forms 2013 You and the organization receiving the contribution must enter into a written agreement certifying, that the organization is a qualified organization and that it has the resources and commitment to maintain the property as donated. Ez forms 2013 If you make the contribution in a tax year beginning after August 17, 2006, you must include with your return: A qualified appraisal, Photographs of the building's entire exterior, and A description of all restrictions on development of the building, such as zoning laws and restrictive covenants. Ez forms 2013   If you make this type of contribution after February 12, 2007, and claim a deduction of more than $10,000, your deduction will not be allowed unless you pay a $500 filing fee. Ez forms 2013 See Form 8283-V, Payment Voucher for Filing Fee Under Section 170(f)(13), and its instructions. Ez forms 2013 Qualified real property interest. Ez forms 2013   This is any of the following interests in real property. Ez forms 2013 Your entire interest in real estate other than a mineral interest (subsurface oil, gas, or other minerals, and the right of access to these minerals). Ez forms 2013 A remainder interest. Ez forms 2013 A restriction (granted in perpetuity) on the use that may be made of the real property. Ez forms 2013 Valuation. Ez forms 2013   A qualified real property interest described in (1) should be valued in a manner that is consistent with the type of interest transferred. Ez forms 2013 If you transferred all the interest in the property, the FMV of the property is the amount of the contribution. Ez forms 2013 If you do not transfer the mineral interest, the FMV of the surface rights in the property is the amount of the contribution. Ez forms 2013   If you owned only a remainder interest or an income interest (life estate), see Undivided Part of Your Entire Interest, earlier. Ez forms 2013 If you owned the entire property but transferred only a remainder interest (item (2)), see Remainder Interest in Real Property, earlier. Ez forms 2013   In determining the value of restrictions, you should take into account the selling price in arm's-length transactions of other properties that have comparable restrictions. Ez forms 2013 If there are no comparable sales, the restrictions are valued indirectly as the difference between the FMVs of the property involved before and after the grant of the restriction. Ez forms 2013   The FMV of the property before contribution of the restriction should take into account not only current use but the likelihood that the property, without the restriction, would be developed. Ez forms 2013 You should also consider any zoning, conservation, or historical preservation laws that would restrict development. Ez forms 2013 Granting an easement may increase, rather than reduce, the value of property, and in such a situation no deduction would be allowed. Ez forms 2013 Example. Ez forms 2013   You own 10 acres of farmland. Ez forms 2013 Similar land in the area has an FMV of $2,000 an acre. Ez forms 2013 However, land in the general area that is restricted solely to farm use has an FMV of $1,500 an acre. Ez forms 2013 Your county wants to preserve open space and prevent further development in your area. Ez forms 2013   You grant to the county an enforceable open space easement in perpetuity on 8 of the 10 acres, restricting its use to farmland. Ez forms 2013 The value of this easement is $4,000, determined as follows: FMV of the property before granting easement:   $2,000 × 10 acres $20,000 FMV of the property after granting easement:   $1,500 × 8 acres $12,000   $2,000 × 2 acres 4,000 16,000 Value of easement   $4,000   If you later transfer in fee your remaining interest in the 8 acres to another qualified organization, the FMV of your remaining interest is the FMV of the 8 acres reduced by the FMV of the easement granted to the first organization. Ez forms 2013 More information. Ez forms 2013   For more information about qualified conservation contributions, see Publication 526. Ez forms 2013 Appraisals Appraisals are not necessary for items of property for which you claim a deduction of $5,000 or less. Ez forms 2013 (There is one exception, described next, for certain clothing and household items. Ez forms 2013 ) However, you generally will need an appraisal for donated property for which you claim a deduction of more than $5,000. Ez forms 2013 There are exceptions. Ez forms 2013 See Deductions of More Than $5,000, later. Ez forms 2013 The weight given an appraisal depends on the completeness of the report, the qualifications of the appraiser, and the appraiser's demonstrated knowledge of the donated property. Ez forms 2013 An appraisal must give all the facts on which to base an intelligent judgment of the value of the property. Ez forms 2013 The appraisal will not be given much weight if: All the factors that apply are not considered, The opinion is not supported with facts, such as purchase price and comparable sales, or The opinion is not consistent with known facts. Ez forms 2013 The appraiser's opinion is never more valid than the facts on which it is based; without these facts it is simply a guess. Ez forms 2013 The opinion of a person claiming to be an expert is not binding on the Internal Revenue Service. Ez forms 2013 All facts associated with the donation must be considered. Ez forms 2013 Deduction over $500 for certain clothing or household items. Ez forms 2013   You must include with your return a qualified appraisal of any single item of clothing or any household item that is not in good used condition or better, that you donated after August 17, 2006, and for which you deduct more than $500. Ez forms 2013 See Household Goods and Used Clothing, earlier. Ez forms 2013 Cost of appraisals. Ez forms 2013   You may not take a charitable contribution deduction for fees you pay for appraisals of your donated property. Ez forms 2013 However, these fees may qualify as a miscellaneous deduction, subject to the 2% limit, on Schedule A (Form 1040) if paid to determine the amount allowable as a charitable contribution. Ez forms 2013 Deductions of More Than $5,000 Generally, if the claimed deduction for an item or group of similar items of donated property is more than $5,000, you must get a qualified appraisal made by a qualified appraiser, and you must attach Section B of Form 8283 to your tax return. Ez forms 2013 There are exceptions, discussed later. Ez forms 2013 You should keep the appraiser's report with your written records. Ez forms 2013 Records are discussed in Publication 526. Ez forms 2013 The phrase “similar items” means property of the same generic category or type (whether or not donated to the same donee), such as stamp collections, coin collections, lithographs, paintings, photographs, books, nonpublicly traded stock, nonpublicly traded securities other than nonpublicly traded stock, land, buildings, clothing, jewelry, furniture, electronic equipment, household appliances, toys, everyday kitchenware, china, crystal, or silver. Ez forms 2013 For example, if you give books to three schools and you deduct $2,000, $2,500, and $900, respectively, your claimed deduction is more than $5,000 for these books. Ez forms 2013 You must get a qualified appraisal of the books and for each school you must attach a fully completed Form 8283, Section B, to your tax return. Ez forms 2013 Exceptions. Ez forms 2013   You do not need an appraisal if the property is: Nonpublicly traded stock of $10,000 or less, A vehicle (including a car, boat, or airplane) for which your deduction is limited to the gross proceeds from its sale, Qualified intellectual property, such as a patent, Certain publicly traded securities described next, Inventory and other property donated by a corporation that are “qualified contributions” for the care of the ill, the needy, or infants, within the meaning of section 170(e)(3)(A) of the Internal Revenue Code, or Stock in trade, inventory, or property held primarily for sale to customers in the ordinary course of your trade or business. Ez forms 2013   Although an appraisal is not required for the types of property just listed, you must provide certain information about a donation of any of these types of property on Form 8283. Ez forms 2013 Publicly traded securities. Ez forms 2013   Even if your claimed deduction is more than $5,000, neither a qualified appraisal nor Section B of Form 8283 is required for publicly traded securities that are: Listed on a stock exchange in which quotations are published on a daily basis, Regularly traded in a national or regional over-the-counter market for which published quotations are available, or Shares of an open-end investment company (mutual fund) for which quotations are published on a daily basis in a newspaper of general circulation throughout the United States. Ez forms 2013 Publicly traded securities that meet these requirements must be reported on Form 8283, Section A. Ez forms 2013   A qualified appraisal is not required, but Form 8283, Section B, Parts I and IV, must be completed, for an issue of a security that does not meet the requirements just listed but does meet these requirements: The issue is regularly traded during the computation period (defined later) in a market for which there is an “interdealer quotation system” (defined later), The issuer or agent computes the “average trading price” (defined later) for the same issue for the computation period, The average trading price and total volume of the issue during the computation period are published in a newspaper of general circulation throughout the United States, not later than the last day of the month following the end of the calendar quarter in which the computation period ends, The issuer or agent keeps books and records that list for each transaction during the computation period the date of settlement of the transaction, the name and address of the broker or dealer making the market in which the transaction occurred, and the trading price and volume, and The issuer or agent permits the Internal Revenue Service to review the books and records described in item (4) with respect to transactions during the computation period upon receiving reasonable notice. Ez forms 2013   An interdealer quotation system is any system of general circulation to brokers and dealers that regularly disseminates quotations of obligations by two or more identified brokers or dealers who are not related to either the issuer or agent who computes the average trading price of the security. Ez forms 2013 A quotation sheet prepared and distributed by a broker or dealer in the regular course of business and containing only quotations of that broker or dealer is not an interdealer quotation system. Ez forms 2013   The average trading price is the average price of all transactions (weighted by volume), other than original issue or redemption transactions, conducted through a United States office of a broker or dealer who maintains a market in the issue of the security during the computation period. Ez forms 2013 Bid and asked quotations are not taken into account. Ez forms 2013   The computation period is weekly during October through December and monthly during January through September. Ez forms 2013 The weekly computation periods during October through December begin with the first Monday in October and end with the first Sunday following the last Monday in December. Ez forms 2013 Nonpublicly traded stock. Ez forms 2013   If you contribute nonpublicly traded stock, for which you claim a deduction of $10,000 or less, a qualified appraisal is not required. Ez forms 2013 However, you must attach Form 8283 to your tax return, with Section B, Parts I and IV, completed. Ez forms 2013 Deductions of More Than $500,000 If you claim a deduction of more than $500,000 for a donation of property, you must attach a qualified appraisal of the property to your return. Ez forms 2013 This does not apply to contributions of cash, inventory, publicly traded stock, or intellectual property. Ez forms 2013 If you do not attach the appraisal, you cannot deduct your contribution, unless your failure to attach the appraisal is due to reasonable cause and not to willful neglect. Ez forms 2013 Qualified Appraisal Generally, if the claimed deduction for an item or group of similar items of donated property is more than $5,000, you must get a qualified appraisal made by a qualified appraiser. Ez forms 2013 You must also complete Form 8283, Section B, and attach it to your tax return. Ez forms 2013 See Deductions of More Than $5,000, earlier. Ez forms 2013 A qualified appraisal is an appraisal document that: Is made, signed, and dated by a qualified appraiser (defined later) in accordance with generally accepted appraisal standards, Meets the relevant requirements of Regulations section 1. Ez forms 2013 170A-13(c)(3) and Notice 2006-96, 2006-46 I. Ez forms 2013 R. Ez forms 2013 B. Ez forms 2013 902 (available at www. Ez forms 2013 irs. Ez forms 2013 gov/irb/2006-46_IRB/ar13. Ez forms 2013 html), Relates to an appraisal made not earlier than 60 days before the date of contribution of the appraised property, Does not involve a prohibited appraisal fee, and Includes certain information (covered later). Ez forms 2013 You must receive the qualified appraisal before the due date, including extensions, of the return on which a charitable contribution deduction is first claimed for the donated property. Ez forms 2013 If the deduction is first claimed on an amended return, the qualified appraisal must be received before the date on which the amended return is filed. Ez forms 2013 Form 8283, Section B, must be attached to your tax return. Ez forms 2013 Generally, you do not need to attach the qualified appraisal itself, but you should keep a copy as long as it may be relevant under the tax law. Ez forms 2013 There are four exceptions. Ez forms 2013 If you claim a deduction of $20,000 or more for donations of art, you must attach a complete copy of the appraisal. Ez forms 2013 See Paintings, Antiques, and Other Objects of Art, earlier. Ez forms 2013 If you claim a deduction of more than $500,000 for a donation of property, you must attach the appraisal. Ez forms 2013 See Deductions of More Than $500,000, earlier. Ez forms 2013 If you claim a deduction of more than $500 for an article of clothing, or a household item, that is not in good used condition or better, that you donated after August 17, 2006, you must attach the appraisal. Ez forms 2013 See Deduction over $500 for certain clothing or household items, earlier. Ez forms 2013 If you claim a deduction in a tax year beginning after August 17, 2006, for an easement or other restriction on the exterior of a building in a historic district, you must attach the appraisal. Ez forms 2013 See Building in registered historic district, earlier. Ez forms 2013 Prohibited appraisal fee. Ez forms 2013   Generally, no part of the fee arrangement for a qualified appraisal can be based on a percentage of the appraised value of the property. Ez forms 2013 If a fee arrangement is based on what is allowed as a deduction, after Internal Revenue Service examination or otherwise, it is treated as a fee based on a percentage of appraised value. Ez forms 2013 However, appraisals are not disqualified when an otherwise prohi