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File 2010 State Taxes

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File 2010 State Taxes

File 2010 state taxes 12. File 2010 state taxes   Self-Employment Tax Table of Contents What's New for 2013 What's New for 2014 Introduction Topics - This chapter discusses: Useful Items - You may want to see: Why Pay Self-Employment Tax? How To Pay Self-Employment TaxReplacing a lost social security card. File 2010 state taxes Name change. File 2010 state taxes Penalty for underpayment of estimated tax. File 2010 state taxes Who Must Pay Self-Employment Tax?Limited partner. File 2010 state taxes Community property. File 2010 state taxes Figuring Self-Employment EarningsLandlord Participation in Farming Methods for Figuring Net EarningsRegular Method Farm Optional Method Nonfarm Optional Method Using Both Optional Methods Reporting Self-Employment Tax What's New for 2013 Tax rates. File 2010 state taxes  For tax years beginning in 2013, the social security part of the self-employment tax increases from 10. File 2010 state taxes 4% to 12. File 2010 state taxes 4%. File 2010 state taxes The Medicare part of the tax remains at 2. File 2010 state taxes 9%. File 2010 state taxes As a result, the self-employment tax is increased from 13. File 2010 state taxes 3% to 15. File 2010 state taxes 3%. File 2010 state taxes Additional Medicare Tax. File 2010 state taxes . File 2010 state taxes  For tax years beginning in 2013, a 0. File 2010 state taxes 9% Additional Medicare Tax applies to your Medicare wages, Railroad Retirement Tax Act (RRTA) compensation, and self-employment income above a threshold amount. File 2010 state taxes Use Form 8959, Additional Medicare Tax, to figure this tax. File 2010 state taxes For more information, see the Instructions for Form 8959. File 2010 state taxes Maximum net earnings. File 2010 state taxes  The maximum net self-employment earnings subject to the social security part (12. File 2010 state taxes 4%) of the self-employment tax increased to $113,700 for 2013. File 2010 state taxes There is no maximum limit on earnings subject to the Medicare part (2. File 2010 state taxes 9%). File 2010 state taxes What's New for 2014 Maximum net earnings. File 2010 state taxes  The maximum net self-employment earnings subject to the social security part of the self-employment tax for 2014 will be discussed in the 2013 Publication 334. File 2010 state taxes Introduction Self-employment tax (SE tax) is a social security and Medicare tax primarily for individuals who work for themselves. File 2010 state taxes It is similar to the social security and Medicare taxes withheld from the pay of most wage earners. File 2010 state taxes You usually have to pay SE tax if you are self-employed. File 2010 state taxes You are usually self-employed if you operate your own farm on land you either own or rent. File 2010 state taxes You have to figure SE tax on Schedule SE (Form 1040). File 2010 state taxes Farmers who have employees may have to pay the employer's share of social security and Medicare taxes, as well. File 2010 state taxes See chapter 13 for information on employment taxes. File 2010 state taxes Self-employment tax rate. File 2010 state taxes   For tax years beginning in 2013, the self-employment tax rate is 15. File 2010 state taxes 3%. File 2010 state taxes The rate consists of two parts: 12. File 2010 state taxes 4% for social security (old-age, survivors, and disability insurance) and 2. File 2010 state taxes 9% for Medicare (hospital insurance). File 2010 state taxes Topics - This chapter discusses: Why pay self-employment tax How to pay self-employment tax Who must pay self-employment tax Figuring self-employment earnings Landlord participation in farming Methods for figuring net earnings Reporting self-employment tax Useful Items - You may want to see: Publication 541 Partnerships Form (and Instructions) 1040 U. File 2010 state taxes S. File 2010 state taxes Individual Income Tax Return Sch F (Form 1040) Profit or Loss From Farming Sch SE (Form 1040) Self-Employment Tax 1065 U. File 2010 state taxes S. File 2010 state taxes Return of Partnership Income Sch K-1 (Form 1065) Partner's Share of Income, Deductions, Credits, etc. File 2010 state taxes See chapter 16 for information about getting publications and forms. File 2010 state taxes Why Pay Self-Employment Tax? Social security benefits are available to self-employed persons just as they are to wage earners. File 2010 state taxes Your payments of SE tax contribute to your coverage under the social security system. File 2010 state taxes Social security coverage provides you with retirement benefits, disability benefits, survivor benefits, and hospital insurance (Medicare) benefits. File 2010 state taxes How to become insured under social security. File 2010 state taxes   You must be insured under the social security system before you begin receiving social security benefits. File 2010 state taxes You are insured if you have the required number of credits (also called quarters of coverage). File 2010 state taxes Earning credits in 2013. File 2010 state taxes   You can earn a maximum of four credits per year. File 2010 state taxes For 2013, you earn one credit for each $1,160 of combined wages and self-employment earnings subject to social security tax. File 2010 state taxes You need $4,640 ($1,160 × 4) of combined wages and self-employment earnings subject to social security tax to earn four credits in 2013. File 2010 state taxes It does not matter whether the income is earned in 1 quarter or is spread over 2 or more quarters. File 2010 state taxes For an explanation of the number of credits you must have to be insured and the benefits available to you and your family under the social security program, consult your nearest Social Security Administration (SSA) office or visit the SSA website at www. File 2010 state taxes socialsecurity. File 2010 state taxes gov. File 2010 state taxes Making false statements to get or to increase social security benefits may subject you to penalties. File 2010 state taxes The Social Security Administration (SSA) time limit for posting self-employment earnings. File 2010 state taxes   Generally, the SSA will give you credit only for self-employment earnings reported on a tax return filed within 3 years, 3 months, and 15 days after the tax year you earned the income. File 2010 state taxes    If you file your tax return or report a change in your self-employment earnings after the SSA time limit for posting self-employment earnings, the SSA may change its records, but only to remove or reduce the amount. File 2010 state taxes The SSA will not change its records to increase your self-employment earnings after the SSA time limit listed above. File 2010 state taxes How To Pay Self-Employment Tax To pay SE tax, you must have a social security number (SSN) or an individual taxpayer identification number (ITIN). File 2010 state taxes This section explains how to: Obtain an SSN or ITIN, and Pay your SE tax using estimated tax. File 2010 state taxes An ITIN does not entitle you to social security benefits. File 2010 state taxes Obtaining an ITIN does not change your immigration or employment status under U. File 2010 state taxes S. File 2010 state taxes law. File 2010 state taxes Obtaining a social security number. File 2010 state taxes   If you have never had an SSN, apply for one using Form SS-5, Application for a Social Security Card. File 2010 state taxes The application is also available in Spanish. File 2010 state taxes You can get this form at any Social Security office or by calling 1-800-772-1213. File 2010 state taxes    You can also download Form SS-5 from the Social Security Administration website at  www. File 2010 state taxes socialsecurity. File 2010 state taxes gov. File 2010 state taxes   If you have a social security number from the time you were an employee, you must use that number. File 2010 state taxes Do not apply for a new one. File 2010 state taxes Replacing a lost social security card. File 2010 state taxes   If you have a number but lost your card, file Form SS-5. File 2010 state taxes You will get a new card showing your original number, not a new number. File 2010 state taxes Name change. File 2010 state taxes   If your name has changed since you received your social security card, complete Form SS-5 to report a name change. File 2010 state taxes Obtaining an individual taxpayer identification number. File 2010 state taxes   The IRS will issue you an ITIN, for tax use only, if you are a nonresident or resident alien and you do not have, and are not eligible to get, an SSN. File 2010 state taxes To apply for an ITIN, file Form W-7, Application for IRS Individual Taxpayer Identification Number. File 2010 state taxes You can get this form by calling 1-800-829-3676. File 2010 state taxes For more information on ITINs, see Publication 1915, Understanding Your IRS Individual Taxpayer Identification Number. File 2010 state taxes Form W-7 and Publication 1915 are also available in Spanish. File 2010 state taxes    You can also download Form W-7 from the IRS website at IRS. File 2010 state taxes gov. File 2010 state taxes Paying estimated tax. File 2010 state taxes   Estimated tax is the method used to pay tax (including SE tax) on income not subject to withholding. File 2010 state taxes You generally have to make estimated tax payments if you expect to owe tax, including SE tax, of $1,000 or more when you file your return. File 2010 state taxes Use Form 1040-ES, Estimated Tax for Individuals, to figure and pay the tax. File 2010 state taxes   However, if at least two-thirds of your gross income for 2013 or 2014 was from farming and you file your 2014 Form 1040 and pay all the tax due by March 2, 2015, you do not have to pay any estimated tax. File 2010 state taxes For more information about estimated tax for farmers, see chapter 15. File 2010 state taxes Penalty for underpayment of estimated tax. File 2010 state taxes   You may have to pay a penalty if you do not pay enough estimated tax by its due date. File 2010 state taxes Who Must Pay Self-Employment Tax? You must pay SE tax and file Schedule SE (Form 1040) if your net earnings from self-employment were $400 or more. File 2010 state taxes The SE tax rules apply no matter how old you are and even if you are already receiving social security or Medicare benefits. File 2010 state taxes Aliens. File 2010 state taxes   Generally, resident aliens must pay self-employment tax under the same rules that apply to U. File 2010 state taxes S. File 2010 state taxes citizens. File 2010 state taxes Nonresident aliens are not subject to self-employment tax. File 2010 state taxes However, residents of the Virgin Islands, Puerto Rico, Guam, the Commonwealth of the Northern Mariana Islands, or American Samoa are subject to self-employment tax, as they are considered U. File 2010 state taxes S. File 2010 state taxes residents for self-employment tax purposes. File 2010 state taxes For more information on aliens, see Publication 519, U. File 2010 state taxes S. File 2010 state taxes Tax Guide for Aliens. File 2010 state taxes Are you self-employed?   You are self-employed if you carry on a trade or business (such as running a farm) as a sole proprietor, an independent contractor, a member of a partnership, or are otherwise in business for yourself. File 2010 state taxes A trade or business is generally an activity carried on for a livelihood or in good faith to make a profit. File 2010 state taxes Share farmer. File 2010 state taxes   You are a self-employed farmer under an income-sharing arrangement if both the following apply. File 2010 state taxes You produce a crop or raise livestock on land belonging to another person. File 2010 state taxes Your share of the crop or livestock, or the proceeds from their sale, depends on the amount produced. File 2010 state taxes Your net farm profit or loss from the income-sharing arrangement is reported on Schedule F (Form 1040) and included in your self-employment earnings. File 2010 state taxes   If you produce a crop or livestock on land belonging to another person and are to receive a specified rate of pay, a fixed sum of money, or a fixed quantity of the crop or livestock, and not a share of the crop or livestock or their proceeds, you may be either self-employed or an employee of the landowner. File 2010 state taxes This will depend on whether the landowner has the right to direct or control your performance of services. File 2010 state taxes Example. File 2010 state taxes A share farmer produces a crop on land owned by another person on a 50-50 crop-share basis. File 2010 state taxes Under the terms of their agreement, the share farmer furnishes the labor and half the cost of seed and fertilizer. File 2010 state taxes The landowner furnishes the machinery and equipment used to produce and harvest the crop, and half the cost of seed and fertilizer. File 2010 state taxes The share farmer is provided a house in which to live. File 2010 state taxes The landowner and the share farmer decide on a cropping plan. File 2010 state taxes The share farmer is a self-employed farmer for purposes of the agreement to produce the crops, and the share farmer's part of the profit or loss from the crops is reported on Schedule F (Form 1040) and included in self-employment earnings. File 2010 state taxes The tax treatment of the landowner is discussed later under Landlord Participation in Farming. File 2010 state taxes Contract farming. File 2010 state taxes   Under typical contract farming arrangements, the grower receives a fixed payment per unit of crops or finished livestock delivered to the processor or packing company. File 2010 state taxes Since the grower typically furnishes labor and bears some production risk, the payments are reported on Schedule F and are therefore subject to self-employment tax. File 2010 state taxes 4-H Club or FFA project. File 2010 state taxes   If an individual participates in a 4-H Club or Future Farmers of America (FFA) project, any net income received from sales or prizes related to the project may be subject to income tax. File 2010 state taxes Report the net income as “Other income” on line 21 of Form 1040. File 2010 state taxes If necessary, attach a statement showing the gross income and expenses. File 2010 state taxes The net income may not be subject to SE tax if the project is primarily for educational purposes and not for profit, and is completed by the individual under the rules and economic restrictions of the sponsoring 4-H or FFA organization. File 2010 state taxes Such a project is generally not considered a trade or business. File 2010 state taxes Partners in a partnership. File 2010 state taxes   Generally, you are self-employed if you are a member of a partnership that carries on a trade or business. File 2010 state taxes Limited partner. File 2010 state taxes   If you are a limited partner, your partnership income is generally not subject to SE tax. File 2010 state taxes However, guaranteed payments you receive for services you perform for the partnership are subject to SE tax and should be reported to you in box 14 of your Schedule K-1 (Form 1065). File 2010 state taxes Business Owned and Operated by Spouses. File 2010 state taxes   If you and your spouse jointly own and operate a farm as an unincorporated business and share in the profits and losses, you are partners in a partnership whether or not you have a formal partnership agreement. File 2010 state taxes You must file Form 1065, instead of Schedule F, unless you make a joint election to be treated as a qualified joint venture. File 2010 state taxes Making this election will allow you to avoid the complexity of Form 1065 but still give each spouse credit for social security earnings on which retirement benefits are based. File 2010 state taxes Qualified joint venture. File 2010 state taxes   If you and your spouse each materially participate as the only members of a jointly owned and operated farm, and you file a joint tax return for the tax year, you can make a joint election to be treated as a qualified joint venture instead of a partnership for the tax year. File 2010 state taxes For an explanation of “material participation,” see the instructions for Schedule C, line G, and the instructions for Schedule F, line E. File 2010 state taxes   To make this election, you must divide all items of income, gain, loss, deduction, and credit attributable to the business between you and your spouse in accordance with your respective interests in the venture. File 2010 state taxes Each of you must file a separate Schedule F and a separate Schedule SE. File 2010 state taxes For more information, see Qualified Joint Venture in the Instructions for Schedule SE (Form 1040). File 2010 state taxes Spouse employee. File 2010 state taxes   If your spouse is your employee, not your partner, you must withhold and pay social security and Medicare taxes for him or her. File 2010 state taxes For more information about employment taxes, see chapter 13. File 2010 state taxes Community property. File 2010 state taxes   If you are a partner and your distributive share of any income or loss from a trade or business carried on by the partnership is community property, treat your share as your self-employment earnings. File 2010 state taxes Do not treat any of your share as self-employment earnings of your spouse. File 2010 state taxes Figuring Self-Employment Earnings Farmer. File 2010 state taxes   If you are self-employed as a farmer, use Schedule F (Form 1040) to figure your self-employment earnings. File 2010 state taxes Partnership income or loss. File 2010 state taxes   If you are a member of a partnership that carries on a trade or business, the partnership should report your self-employment earnings in box 14, code A, of your Schedule K-1 (Form 1065). File 2010 state taxes Box 14 of Schedule K-1 may also provide amounts for gross farming or fishing income (code B) and gross nonfarm income (code C). File 2010 state taxes Use these amounts if you use the farm or nonfarm optional method to figure net earnings from self-employment (see Methods for Figuring Net Earnings , later). File 2010 state taxes   If you are a general partner, you may need to reduce these reported earnings by amounts you claim as a section 179 deduction, unreimbursed partnership expenses, or depletion on oil and gas properties. File 2010 state taxes   If the amount reported is a loss, include only the deductible amount when you figure your total self-employment earnings. File 2010 state taxes   For more information, see the Partner's Instructions for Schedule K-1 (Form 1065). File 2010 state taxes   For general information on partnerships, see Publication 541. File 2010 state taxes More than one business. File 2010 state taxes   If you have self-employment earnings from more than one trade, business, or profession, you generally must combine the net profit or loss from each to determine your total self-employment earnings. File 2010 state taxes A loss from one business reduces your profit from another business. File 2010 state taxes However, do not combine earnings from farm and nonfarm businesses if you are using one of the optional methods (discussed later) to figure net earnings. File 2010 state taxes Community property. File 2010 state taxes   If any of the income from a farm or business, other than a partnership, is community property under state law, it is included in the self-employment earnings of the spouse carrying on the trade or business. File 2010 state taxes Lost income payments. File 2010 state taxes   Lost income payments received from insurance or other sources for reducing or stopping farming activities are included in self-employment earnings. File 2010 state taxes These include USDA payments to compensate for lost income resulting from reductions in tobacco quotas and allotments. File 2010 state taxes Even if you are not farming when you receive the payment, it is included in self-employment earnings if it relates to your farm business (even though it is temporarily inactive). File 2010 state taxes A connection exists if it is clear the payment would not have been made but for your conduct of your farm business. File 2010 state taxes Gain or loss. File 2010 state taxes   A gain or loss from the disposition of property that is neither stock in trade nor held primarily for sale to customers is not included in self-employment earnings. File 2010 state taxes It does not matter whether the disposition is a sale, exchange, or involuntary conversion. File 2010 state taxes For example, gains or losses from the disposition of the following types of property are not included in self-employment earnings. File 2010 state taxes Investment property. File 2010 state taxes Depreciable property or other fixed assets used in your trade or business. File 2010 state taxes Livestock held for draft, breeding, sport, or dairy purposes, and not held primarily for sale, regardless of how long the livestock was held, or whether it was raised or purchased. File 2010 state taxes Unharvested standing crops sold with land held more than 1 year. File 2010 state taxes Timber, coal, or iron ore held for more than 1 year if an economic interest was retained, such as a right to receive coal royalties. File 2010 state taxes   A gain or loss from the cutting of timber is not included in self-employment earnings if the cutting is treated as a sale or exchange. File 2010 state taxes For more information on electing to treat the cutting of timber as a sale or exchange, see Timber in chapter 8. File 2010 state taxes Wages and salaries. File 2010 state taxes   Wages and salaries received for services performed as an employee and covered by social security or railroad retirement are not included in self-employment earnings. File 2010 state taxes   Wages paid in kind to you for agricultural labor, such as commodity wages, are not included in self-employment earnings. File 2010 state taxes Retired partner. File 2010 state taxes   Retirement income received by a partner from his or her partnership under a written plan is not included in self-employment earnings if all the following apply. File 2010 state taxes The retired partner performs no services for the partnership during the year. File 2010 state taxes The retired partner is owed only the retirement payments. File 2010 state taxes The retired partner's share (if any) of the partnership capital was fully paid to the retired partner. File 2010 state taxes The payments to the retired partner are lifelong periodic payments. File 2010 state taxes Conservation Reserve Program (CRP) payments. File 2010 state taxes   Under the Conservation Reserve Program (CRP), if you own or operate highly erodible or other specified cropland, you may enter into a longterm contract with the USDA, agreeing to convert to a less intensive use of that cropland. File 2010 state taxes You must include the annual rental payments and any onetime incentive payment you receive under the program on Schedule F, lines 4a and 4b. File 2010 state taxes Cost share payments you receive may qualify for the costsharing exclusion. File 2010 state taxes See Cost-Sharing Exclusion (Improvements), above. File 2010 state taxes CRP payments are reported to you on Form 1099G. File 2010 state taxes Individuals who are receiving Social Security retirement or disability benefits may exclude CRP payments when calculating self-employment tax. File 2010 state taxes See the instructions for Schedule SE (Form 1040). File 2010 state taxes Self-employed health insurance deduction. File 2010 state taxes   You cannot deduct the self-employed health insurance deduction you report on Form 1040, line 29, from self-employment earnings on Schedule SE (Form 1040). File 2010 state taxes Landlord Participation in Farming As a general rule, income and deductions from rentals and from personal property leased with real estate are not included in determining self-employment earnings. File 2010 state taxes However, income and deductions from farm rentals, including government commodity program payments received by a landowner who rents land, are included if the rental arrangement provides that the landowner will, and does, materially participate in the production or management of production of the farm products on the land. File 2010 state taxes Crop shares. File 2010 state taxes   Rent paid in the form of crop shares is included in self-employment earnings for the year you sell, exchange, give away, or use the crop shares if you meet one of the four material participation tests (discussed next) at the time the crop shares are produced. File 2010 state taxes Feeding such crop shares to livestock is considered using them. File 2010 state taxes Your gross income for figuring your self-employment earnings includes the fair market value of the crop shares when they are used as feed. File 2010 state taxes Material participation for landlords. File 2010 state taxes   You materially participate if you have an arrangement with your tenant for your participation and you meet one or more of the following tests. File 2010 state taxes You do at least three of the following. File 2010 state taxes Pay, using cash or credit, at least half the direct costs of producing the crop or livestock. File 2010 state taxes Furnish at least half the tools, equipment, and livestock used in the production activities. File 2010 state taxes Advise or consult with your tenant. File 2010 state taxes Inspect the production activities periodically. File 2010 state taxes You regularly and frequently make, or take an important part in making, management decisions substantially contributing to or affecting the success of the enterprise. File 2010 state taxes You work 100 hours or more spread over a period of 5 weeks or more in activities connected with agricultural production. File 2010 state taxes You do things that, considered in their totality, show you are materially and significantly involved in the production of the farm commodities. File 2010 state taxes These tests may be used as general guides for determining whether you are a material participant. File 2010 state taxes Example. File 2010 state taxes Drew Houston agrees to produce a crop on J. File 2010 state taxes Clarke's cotton farm, with each receiving half the proceeds. File 2010 state taxes Clarke advises Houston when to plant, spray, and pick the cotton. File 2010 state taxes During the growing season, Clarke inspects the crop every few days to determine whether Houston is properly taking care of the crop. File 2010 state taxes Houston furnishes all labor needed to grow and harvest the crop. File 2010 state taxes The management decisions made by Clarke in connection with the care of the cotton crop and his regular inspection of the crop establish that he participates to a material degree in the cotton production operations. File 2010 state taxes The income Clarke receives from his cotton farm is included in his self-employment earnings. File 2010 state taxes Methods for Figuring Net Earnings There are three ways to figure your net earnings from self-employment. File 2010 state taxes The regular method. File 2010 state taxes The farm optional method. File 2010 state taxes The nonfarm optional method. File 2010 state taxes You must use the regular method unless you are eligible to use one or both of the optional methods. File 2010 state taxes See Figure 12-1 , shown later. File 2010 state taxes Figure 12-1. File 2010 state taxes Can I Use the Optional Methods? Please click here for the text description of the image. File 2010 state taxes Figure 12–1. File 2010 state taxes Can I Use the Optional Methods? Why use an optional method?   You may want to use the optional methods (discussed later) when you have a loss or a small net profit and any one of the following applies. File 2010 state taxes You want to receive credit for social security benefit coverage. File 2010 state taxes You incurred child or dependent care expenses for which you could claim a credit. File 2010 state taxes (An optional method may increase your earned income, which could increase your credit. File 2010 state taxes ) You are entitled to the earned income credit. File 2010 state taxes (An optional method may increase your earned income, which could increase your credit. File 2010 state taxes ) You are entitled to the additional child tax credit. File 2010 state taxes (An optional method may increase your earned income, which could increase your credit. File 2010 state taxes ) Effects of using an optional method. File 2010 state taxes   Using an optional method could increase your SE tax. File 2010 state taxes Paying more SE tax may result in you getting higher social security disability or retirement benefits. File 2010 state taxes   If you use either or both optional methods, you must figure and pay the SE tax due under these methods even if you would have had a smaller SE tax or no SE tax using the regular method. File 2010 state taxes   The optional methods may be used only to figure your SE tax. File 2010 state taxes To figure your income tax, include your actual self-employment earnings in gross income, regardless of which method you use to determine SE tax. File 2010 state taxes Regular Method Multiply your total self-employment earnings by 92. File 2010 state taxes 35% (. File 2010 state taxes 9235) to get your net earnings under the regular method. File 2010 state taxes See Short Schedule SE, line 4, or Long Schedule SE, line 4a. File 2010 state taxes Net earnings figured using the regular method are also called “actual net earnings. File 2010 state taxes ” Farm Optional Method Use the farm optional method only for self-employment earnings from a farming business. File 2010 state taxes You can use this method if you meet either of the following tests. File 2010 state taxes Your gross farm income is $6,960 or less. File 2010 state taxes Your net farm profits are less than $5,024. File 2010 state taxes Gross farm income. File 2010 state taxes   Your gross farm income is the total of the amounts from: Schedule F (Form 1040), line 9, and Schedule K-1 (Form 1065), box 14, code B (from farm partnerships). File 2010 state taxes Net farm profits. File 2010 state taxes   Net farm profits generally are the total of the amounts from: Schedule F (Form 1040), line 34, and Schedule K-1 (Form 1065), box 14, code A (from farm partnerships). File 2010 state taxes However, you may need to adjust the amount reported on Schedule K-1 if you are a general partner or if it is a loss. File 2010 state taxes For more information, see Partnership income or loss , earlier. File 2010 state taxes Figuring farm net earnings. File 2010 state taxes   If you meet either of the two tests explained above, use Table 12-1. File 2010 state taxes Figuring Farm Net Earnings , to figure your net earnings from self-employment under the farm optional method. File 2010 state taxes Table 12-1. File 2010 state taxes Figuring Farm Net Earnings IF your gross farm income  is. File 2010 state taxes . File 2010 state taxes . File 2010 state taxes THEN your net earnings are equal to. File 2010 state taxes . File 2010 state taxes . File 2010 state taxes $6,960 or less Two-thirds of your gross farm income. File 2010 state taxes More than $6,960 $4,640 Optional method can reduce or eliminate SE tax. File 2010 state taxes   If your gross farm income is $6,960 or less and your farm net earnings figured under the farm optional method are less than your actual net earnings, you can use the farm optional method to reduce or eliminate your SE tax. File 2010 state taxes Your actual net earnings are your net earnings figured using the regular method, explained earlier. File 2010 state taxes Example. File 2010 state taxes Your gross farm income is $540 and your net farm profit is $460. File 2010 state taxes Consequently, your net earnings figured under the farm optional method are $360 (2/3 of $540) and your actual net earnings are $425 (92. File 2010 state taxes 35% of $460). File 2010 state taxes You owe no SE tax if you use the optional method because your net earnings under the farm optional method are less than $400. File 2010 state taxes Nonfarm Optional Method This is an optional method available for determining net earnings from nonfarm self-employment, much like the farm optional method. File 2010 state taxes If you are also engaged in a nonfarm business, you may be able to use this method to figure your nonfarm net earnings. File 2010 state taxes You can use this method even if you do not use the farm optional method for determining your farm net earnings and even if you have a net loss from your nonfarm business. File 2010 state taxes For more information about the nonfarm optional method, see Publication 334. File 2010 state taxes You cannot combine farm and nonfarm self-employment earnings to figure your net earnings under either of the optional methods. File 2010 state taxes Using Both Optional Methods If you use both optional methods, you must add the net earnings figured under each method to arrive at your total net earnings from self-employment. File 2010 state taxes You can report less than your total actual farm and nonfarm net earnings but not less than actual nonfarm net earnings. File 2010 state taxes If you use both optional methods, you can report no more than $4,640 as your combined net earnings from self-employment. File 2010 state taxes Reporting Self-Employment Tax Use Schedule SE (Form 1040) to figure and report your SE tax. File 2010 state taxes Then, enter the SE tax on line 56 of Form 1040 and attach Schedule SE to Form 1040. File 2010 state taxes Most taxpayers can use Section A–Short Schedule SE to figure their SE tax. File 2010 state taxes However, certain taxpayers must use Section B–Long Schedule SE. File 2010 state taxes Use the chart on page 1 of Schedule SE to find out which one to use. File 2010 state taxes If you have to pay SE tax, you must file Form 1040 (with Schedule SE attached) even if you do not otherwise have to file a federal income tax return. File 2010 state taxes Deduction for employer-equivalent portion of self-employment tax. File 2010 state taxes   You can deduct the employer-equivalent portion of your SE tax in figuring your adjusted gross income. File 2010 state taxes This deduction only affects your income tax. File 2010 state taxes It does not affect either your net earnings from self-employment or your SE tax. File 2010 state taxes   To deduct the tax, enter on Form 1040, line 27, the amount shown on Section A, Line 6, or Section B, line 13, Deduction for employer-equivalent portion of self-employment tax, of the Schedule SE. File 2010 state taxes Joint return. File 2010 state taxes   Even if you file a joint return, you cannot file a joint Schedule SE. File 2010 state taxes This is true whether one spouse or both spouses have self-employment earnings. File 2010 state taxes Your spouse is not considered self-employed just because you are. File 2010 state taxes If both of you have self-employment earnings, each of you must complete a separate Schedule SE. File 2010 state taxes However, if one spouse uses the Short Schedule SE and the other spouse has to use the Long Schedule SE, both can use the same form. File 2010 state taxes Attach both schedules to the joint return. File 2010 state taxes If you and your spouse operate a business as a partnership, see Business Owned and Operated by Spouses and Qualified joint venture , earlier, under Who Must Pay Self-Employment Tax . File 2010 state taxes Prev  Up  Next   Home   More Online Publications
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Contact My Local Office in Montana

Face-to-face Tax Help

IRS Taxpayer Assistance Centers (TACs) are your source for personal tax help when you believe your tax issue can only be handled face-to-face. No appointment is necessary.

Keep in mind, many questions can be resolved online without waiting in line. Through IRS.gov you can:
• Set up a payment plan.
• Get a transcript of your tax return.
• Make a payment.
• Check on your refund.
• Find answers to many of your tax questions.

We are now referring all requests for tax return preparation services to other available resources. You can take advantage of free tax preparation through Free File, Free File Fillable Forms or through a volunteer site in your community. To find the nearest volunteer site location or to get more information about Free File, go to the top of the page and enter “Free Tax Help” in the Search box.

If you have a tax account issues and feel that it requires talking with someone face-to-face, visit your local TAC.

Caution:  Many of our offices are located in Federal Office Buildings. These buildings may not allow visitors to bring in cell phones with camera capabilities.

Multilingual assistance is available in every office. Hours of operation are subject to change.

Before visiting your local office click on "Services Provided" in the chart below to see what services are available. Services are limited and not all services are available at every TAC office and may vary from site to site. You can get these services on a walk-in basis.

 City Street Address  Days/Hours of Service  Telephone* 
Billings  2900 4th Ave. N.
Billings, MT 59101 

Monday-Friday - 8:30 a.m.- 4:30 p.m.
(Closed for lunch 12:30 p.m. - 1:30 p.m.)

 

Services Provided

(406) 247-7446 
Bozeman  1805 S. 22nd Ave.
Bozeman, MT 59718 

Monday-Friday - 8:30 a.m.- 4:30 p.m.
(Closed for lunch 11:30 a.m. - 12:30 p.m.)

 

Services Provided

(406) 582-8671 
Great Falls  11 5th St. N.
Great Falls, MT 59401 

Monday-Friday - 8:30 a.m.- 4:30 p.m.
(Closed for lunch 11:30 a.m. - 12:30 p.m.)

 

Services Provided

(406) 761-8095 
Helena  10 W. 15th St., Ste. 2300
Helena, MT 59626 

Monday-Friday - 8:30 a.m.- 4:30 p.m.
(Closed for lunch 11:30 a.m. - 12:30 p.m.)

 

Services Provided

(406) 441-1039 
Kalispell  275 Corporate Ave.
Kalispell, MT 59901 

Monday-Friday - 8:30 a.m.- 4:30 p.m.
(Closed for lunch 11:00 a.m. - 12:00 noon)

 

Services Provided

(406) 752-6636 
Missoula  2681 Palmer St.
Missoula, MT 59808 

Monday-Friday - 8:30 a.m.- 4:30 p.m.
 

Services Provided

(406) 728-9127 

* Note: The phone numbers in the chart above are not toll-free for all locations. When you call, you will reach a recorded business message with information about office hours, locations and services provided in that office. If face-to-face assistance is not a priority for you, you may also get help with IRS letters or resolve tax account issues by phone, toll free at 1-800-829-1040 (individuals) or 1-800-829-4933 (businesses). 

For information on where to file your tax return please see Where to File Addresses.

The Taxpayer Advocate Service: Call 406-444-8668 in the Helena area or 1-877-777-4778 elsewhere, or see Publication 1546, The Taxpayer Advocate Service of the IRS.

For further information, see Tax Topic 104

Partnerships

IRS and organizations all over the country are partnering to assist taxpayers. Through these partnerships, organizations are also achieving their own goals. These mutually beneficial partnerships are strengthening outreach efforts and bringing education and assistance to millions.

For more information about these programs for individuals and families, contact the Stakeholder Partnerships, Education and Communication Office at:

Internal Revenue Service
10 W. 15th, STE 2300
 MS 6610-HLN
Helena, MT 59626

For more information about these programs for businesses, your local Stakeholder Liaison office establishes relationships with organizations representing small business and self-employed taxpayers. They provide information about the policies, practices and procedures the IRS uses to ensure compliance with the tax laws. To establish a relationship with us, use this list to find a contact in your state:

Stakeholder Liaison (SL) Phone Numbers for Organizations Representing Small Businesses and Self-employed Taxpayers.

Page Last Reviewed or Updated: 28-Mar-2014

The File 2010 State Taxes

File 2010 state taxes Publication 590 - Introductory Material Table of Contents What's New for 2013 What's New for 2014 Reminders IntroductionOrdering forms and publications. File 2010 state taxes Tax questions. File 2010 state taxes Useful Items - You may want to see: Note. File 2010 state taxes After 2013, Publication 590 will be split into two separate publications as follows. File 2010 state taxes Publication 590-A, will focus on contributions to traditional IRAs as well as Roth IRAs. File 2010 state taxes This publication will include the rules for rollover and conversion contributions. File 2010 state taxes Publication 590-B, will focus on distributions from traditional IRAs as well as Roth IRAs. File 2010 state taxes This publication will include the rules for required minimum distributions and IRA beneficiaries. File 2010 state taxes What's New for 2013 Traditional IRA contribution and deduction limit. File 2010 state taxes  The contribution limit to your traditional IRA for 2013 will be increased to the smaller of the following amounts: $5,500, or Your taxable compensation for the year. File 2010 state taxes If you were age 50 or older before 2014, the most that can be contributed to your traditional IRA for 2013 will be the smaller of the following amounts: $6,500, or Your taxable compensation for the year. File 2010 state taxes For more information, see How Much Can Be Contributed? in chapter 1. File 2010 state taxes Roth IRA contribution limit. File 2010 state taxes  If contributions on your behalf are made only to Roth IRAs, your contribution limit for 2013 will generally be the lesser of: $5,500, or Your taxable compensation for the year. File 2010 state taxes If you were age 50 or older before 2014 and contributions on your behalf were made only to Roth IRAs, your contribution limit for 2013 will generally be the lesser of: $6,500, or Your taxable compensation for the year. File 2010 state taxes However, if your modified adjusted gross income (AGI) is above a certain amount, your contribution limit may be reduced. File 2010 state taxes For more information, see How Much Can Be Contributed? under Can You Contribute to a Roth IRA? in chapter 2. File 2010 state taxes Modified AGI limit for traditional IRA contributions increased. File 2010 state taxes  For 2013, if you were covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is: More than $95,000 but less than $115,000 for a married couple filing a joint return or a qualifying widow(er), More than $59,000 but less than $69,000 for a single individual or head of household, or Less than $10,000 for a married individual filing a separate return. File 2010 state taxes If you either lived with your spouse or file a joint return, and your spouse was covered by a retirement plan at work, but you were not, your deduction is phased out if your modified AGI is more than $178,000 but less than $188,000. File 2010 state taxes If your modified AGI is $188,000 or more, you cannot take a deduction for contributions to a traditional IRA. File 2010 state taxes See How Much Can You Deduct? in chapter 1. File 2010 state taxes Modified AGI limit for Roth IRA contributions increased. File 2010 state taxes  For 2013, your Roth IRA contribution limit is reduced (phased out) in the following situations. File 2010 state taxes Your filing status is married filing jointly or qualifying widow(er) and your modified AGI is at least $178,000. File 2010 state taxes You cannot make a Roth IRA contribution if your modified AGI is $188,000 or more. File 2010 state taxes Your filing status is single, head of household, or married filing separately and you did not live with your spouse at any time in 2013 and your modified AGI is at least $112,000. File 2010 state taxes You cannot make a Roth IRA contribution if your modified AGI is $127,000 or more. File 2010 state taxes Your filing status is married filing separately, you lived with your spouse at any time during the year, and your modified AGI is more than -0-. File 2010 state taxes You cannot make a Roth IRA contribution if your modified AGI is $10,000 or more. File 2010 state taxes See Can You Contribute to a Roth IRA? in chapter 2. File 2010 state taxes Net Investment Income Tax. File 2010 state taxes  For purposes of the Net Investment Income Tax (NIIT), net investment income does not include distributions from a qualified retirement plan (for example, 401(a), 403(a), 403(b), 457(b) plans, and IRAs). File 2010 state taxes However, these distributions are taken into account when determining the modified adjusted gross income threshold. File 2010 state taxes Distributions from a nonqualified retirement plan are included in net investment income. File 2010 state taxes See Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts, and its instructions for more information. File 2010 state taxes Kay Bailey Hutchison Spousal IRA. File 2010 state taxes . File 2010 state taxes  In 2013, spousal IRAs were renamed to Kay Bailey Hutchison Spousal IRAs. File 2010 state taxes There are no changes to the rules regarding these IRAs. File 2010 state taxes See Kay Bailey Hutchison Spousal IRA Limit in chapter 1 for more information. File 2010 state taxes What's New for 2014 Modified AGI limit for traditional IRA contributions increased. File 2010 state taxes  For 2014, if you are covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is: More than $96,000 but less than $116,000 for a married couple filing a joint return or a qualifying widow(er), More than $60,000 but less than $70,000 for a single individual or head of household, or Less than $10,000 for a married individual filing a separate return. File 2010 state taxes If you either live with your spouse or file a joint return, and your spouse is covered by a retirement plan at work, but you are not, your deduction is phased out if your modified AGI is more than $181,000 but less than $191,000. File 2010 state taxes If your modified AGI is $191,000 or more, you cannot take a deduction for contributions to a traditional IRA. File 2010 state taxes Modified AGI limit for Roth IRA contributions increased. File 2010 state taxes  For 2014, your Roth IRA contribution limit is reduced (phased out) in the following situations. File 2010 state taxes Your filing status is married filing jointly or qualifying widow(er) and your modified AGI is at least $181,000. File 2010 state taxes You cannot make a Roth IRA contribution if your modified AGI is $191,000 or more. File 2010 state taxes Your filing status is single, head of household, or married filing separately and you did not live with your spouse at any time in 2014 and your modified AGI is at least $114,000. File 2010 state taxes You cannot make a Roth IRA contribution if your modified AGI is $129,000 or more. File 2010 state taxes Your filing status is married filing separately, you lived with your spouse at any time during the year, and your modified AGI is more than -0-. File 2010 state taxes You cannot make a Roth IRA contribution if your modified AGI is $10,000 or more. File 2010 state taxes Reminders Future developments. File 2010 state taxes  For the latest information about developments related to Publication 590, such as legislation enacted after it was published, go to www. File 2010 state taxes irs. File 2010 state taxes gov/pub590. File 2010 state taxes Simplified employee pension (SEP). File 2010 state taxes  SEP IRAs are not covered in this publication. File 2010 state taxes They are covered in Publication 560, Retirement Plans for Small Business. File 2010 state taxes Deemed IRAs. File 2010 state taxes  A qualified employer plan (retirement plan) can maintain a separate account or annuity under the plan (a deemed IRA) to receive voluntary employee contributions. File 2010 state taxes If the separate account or annuity otherwise meets the requirements of an IRA, it will be subject only to IRA rules. File 2010 state taxes An employee's account can be treated as a traditional IRA or a Roth IRA. File 2010 state taxes For this purpose, a “qualified employer plan” includes: A qualified pension, profit-sharing, or stock bonus plan (section 401(a) plan), A qualified employee annuity plan (section 403(a) plan), A tax-sheltered annuity plan (section 403(b) plan), and A deferred compensation plan (section 457 plan) maintained by a state, a political subdivision of a state, or an agency or instrumentality of a state or political subdivision of a state. File 2010 state taxes Contributions to both traditional and Roth IRAs. File 2010 state taxes  For information on your combined contribution limit if you contribute to both traditional and Roth IRAs, see Roth IRAs and traditional IRAs under How Much Can Be Contributed? in chapter 2. File 2010 state taxes Statement of required minimum distribution (RMD). File 2010 state taxes  If an RMD is required from your IRA, the trustee, custodian, or issuer that held the IRA at the end of the preceding year must either report the amount of the RMD to you, or offer to calculate it for you. File 2010 state taxes The report or offer must include the date by which the amount must be distributed. File 2010 state taxes The report is due January 31 of the year in which the minimum distribution is required. File 2010 state taxes It can be provided with the year-end fair market value statement that you normally get each year. File 2010 state taxes No report is required for section 403(b) contracts (generally tax-sheltered annuities) or for IRAs of owners who have died. File 2010 state taxes IRA interest. File 2010 state taxes  Although interest earned from your IRA is generally not taxed in the year earned, it is not tax-exempt interest. File 2010 state taxes Tax on your traditional IRA is generally deferred until you take a distribution. File 2010 state taxes Do not report this interest on your return as tax-exempt interest. File 2010 state taxes For more information on tax-exempt interest, see the instructions for your tax return. File 2010 state taxes Photographs of missing children. File 2010 state taxes  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. File 2010 state taxes Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. File 2010 state taxes You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. File 2010 state taxes Introduction This publication discusses individual retirement arrangements (IRAs). File 2010 state taxes An IRA is a personal savings plan that gives you tax advantages for setting aside money for retirement. File 2010 state taxes What are some tax advantages of an IRA?   Two tax advantages of an IRA are that: Contributions you make to an IRA may be fully or partially deductible, depending on which type of IRA you have and on your circumstances, and Generally, amounts in your IRA (including earnings and gains) are not taxed until distributed. File 2010 state taxes In some cases, amounts are not taxed at all if distributed according to the rules. File 2010 state taxes What's in this publication?   This publication discusses traditional, Roth, and SIMPLE IRAs. File 2010 state taxes It explains the rules for: Setting up an IRA, Contributing to an IRA, Transferring money or property to and from an IRA, Handling an inherited IRA, Receiving distributions (making withdrawals) from an IRA, and Taking a credit for contributions to an IRA. File 2010 state taxes   It also explains the penalties and additional taxes that apply when the rules are not followed. File 2010 state taxes To assist you in complying with the tax rules for IRAs, this publication contains worksheets, sample forms, and tables, which can be found throughout the publication and in the appendices at the back of the publication. File 2010 state taxes How to use this publication. File 2010 state taxes   The rules that you must follow depend on which type of IRA you have. File 2010 state taxes Use Table I-1 to help you determine which parts of this publication to read. File 2010 state taxes Also use Table I-1 if you were referred to this publication from instructions to a form. File 2010 state taxes Comments and suggestions. File 2010 state taxes   We welcome your comments about this publication and your suggestions for future editions. File 2010 state taxes   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. File 2010 state taxes NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. File 2010 state taxes Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. File 2010 state taxes   You can send your comments from www. File 2010 state taxes irs. File 2010 state taxes gov/formspubs/. File 2010 state taxes Click on “More Information” and then on “Comment on Tax Forms and Publications”. File 2010 state taxes   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. File 2010 state taxes Ordering forms and publications. File 2010 state taxes   Visit www. File 2010 state taxes irs. File 2010 state taxes gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. File 2010 state taxes Internal Revenue Service 1201 N. File 2010 state taxes Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. File 2010 state taxes   If you have a tax question, check the information available on IRS. File 2010 state taxes gov or call 1-800-829-1040. File 2010 state taxes We cannot answer tax questions sent to either of the above addresses. File 2010 state taxes Useful Items - You may want to see: Publications 560 Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans) 571 Tax-Sheltered Annuity Plans (403(b) Plans) 575 Pension and Annuity Income 939 General Rule for Pensions and Annuities Forms (and instructions) W-4P Withholding Certificate for Pension or Annuity Payments 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. File 2010 state taxes 5304-SIMPLE Savings Incentive Match Plan for Employees of Small Employers (SIMPLE)–Not for Use With a Designated Financial Institution 5305-S SIMPLE Individual Retirement Trust Account 5305-SA SIMPLE Individual Retirement Custodial Account 5305-SIMPLE Savings Incentive Match Plan for Employees of Small Employers (SIMPLE)–for Use With a Designated Financial Institution 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts 5498 IRA Contribution Information 8606 Nondeductible IRAs 8815 Exclusion of Interest From Series EE and I U. File 2010 state taxes S. File 2010 state taxes Savings Bonds Issued After 1989 8839 Qualified Adoption Expenses 8880 Credit for Qualified Retirement Savings Contributions See chapter 5 for information about getting these publications and forms. File 2010 state taxes Table I-1. File 2010 state taxes Using This Publication IF you need information on . File 2010 state taxes . File 2010 state taxes . File 2010 state taxes THEN see . File 2010 state taxes . File 2010 state taxes . File 2010 state taxes traditional IRAs chapter 1. File 2010 state taxes Roth IRAs chapter 2, and parts of  chapter 1. File 2010 state taxes SIMPLE IRAs chapter 3. File 2010 state taxes the credit for qualified retirement savings contributions (the saver's credit) chapter 4. File 2010 state taxes how to keep a record of your contributions to, and distributions from, your traditional IRA(s) appendix A. File 2010 state taxes SEP IRAs and 401(k) plans Publication 560. File 2010 state taxes Coverdell education savings accounts (formerly called education IRAs) Publication 970. File 2010 state taxes IF for 2013, you received social security benefits, had taxable compensation, contributed to a traditional IRA, and you or your spouse was covered by an employer retirement plan, and you want to. File 2010 state taxes . File 2010 state taxes . File 2010 state taxes THEN see . File 2010 state taxes . File 2010 state taxes . File 2010 state taxes first figure your modified adjusted gross income (AGI) appendix B, worksheet 1. File 2010 state taxes then figure how much of your traditional IRA contribution you can deduct appendix B, worksheet 2. File 2010 state taxes and finally figure how much of your social security is taxable appendix B, worksheet 3. File 2010 state taxes Table I-2. File 2010 state taxes How Are a Traditional IRA and a Roth IRA Different? This table shows the differences between traditional and Roth IRAs. File 2010 state taxes Answers in the middle column apply to traditional IRAs. File 2010 state taxes Answers in the right column apply to Roth IRAs. File 2010 state taxes Question Answer   Traditional IRA? Roth IRA? Is there an age limit on when I can open and contribute to a Yes. File 2010 state taxes You must not have reached age  70½ by the end of the year. File 2010 state taxes See Who Can Open a Traditional IRA? in chapter 1. File 2010 state taxes No. File 2010 state taxes You can be any age. File 2010 state taxes See Can You Contribute to a Roth IRA? in chapter 2. File 2010 state taxes If I earned more than $5,500 in 2013 ($6,500 if I was 50 or older by the end of 2013), is there a limit on how much I can contribute to a Yes. File 2010 state taxes For 2013, you can contribute to a traditional IRA up to: $5,500, or $6,500 if you were age 50 or older by the end of 2013. File 2010 state taxes  There is no upper limit on how much you can earn and still contribute. File 2010 state taxes See How Much Can Be Contributed? in chapter 1. File 2010 state taxes Yes. File 2010 state taxes For 2013, you may be able to contribute to a Roth IRA up to: $5,500, or $6,500 if you were age 50 or older by the end of 2013,  but the amount you can contribute may be less than that depending on your income, filing status, and if you contribute to another IRA. File 2010 state taxes See How Much Can Be Contributed? and Table 2-1 in chapter 2. File 2010 state taxes Can I deduct contributions to a Yes. File 2010 state taxes You may be able to deduct your contributions to a traditional IRA depending on your income, filing status, whether you are covered by a retirement plan at work, and whether you receive social security benefits. File 2010 state taxes See How Much Can You Deduct? in chapter 1. File 2010 state taxes No. File 2010 state taxes You can never deduct contributions to a Roth IRA. File 2010 state taxes See What Is a Roth IRA? in chapter 2. File 2010 state taxes Do I have to file a form just because I contribute to a Not unless you make nondeductible contributions to your traditional IRA. File 2010 state taxes In that case, you must file Form 8606. File 2010 state taxes See Nondeductible Contributions in chapter 1. File 2010 state taxes No. File 2010 state taxes You do not have to file a form if you contribute to a Roth IRA. File 2010 state taxes See Contributions not reported in chapter 2. File 2010 state taxes Do I have to start taking distributions when I reach a certain age from a Yes. File 2010 state taxes You must begin receiving required minimum distributions by April 1 of the year following the year you reach age 70½. File 2010 state taxes See When Must You Withdraw Assets? (Required Minimum Distributions) in chapter 1. File 2010 state taxes No. File 2010 state taxes If you are the original owner of a Roth IRA, you do not have to take distributions regardless of your age. File 2010 state taxes See Are Distributions Taxable? in chapter 2. File 2010 state taxes However, if you are the beneficiary of a Roth IRA, you may have to take distributions. File 2010 state taxes See Distributions After Owner's Death in chapter 2. File 2010 state taxes How are distributions taxed from a Distributions from a traditional IRA are taxed as ordinary income, but if you made nondeductible contributions, not all of the distribution is taxable. File 2010 state taxes See Are Distributions Taxable? in chapter 1. File 2010 state taxes Distributions from a Roth IRA are not taxed as long as you meet certain criteria. File 2010 state taxes See Are Distributions Taxable? in chapter 2. File 2010 state taxes Do I have to file a form just because I receive distributions from a Not unless you have ever made a nondeductible contribution to a traditional IRA. File 2010 state taxes If you have, file Form 8606. File 2010 state taxes See Nondeductible Contributions in chapter 1. File 2010 state taxes Yes. File 2010 state taxes File Form 8606 if you received distributions from a Roth IRA (other than a rollover, qualified charitable distribution, one-time distribution to fund an HSA, recharacterization, certain qualified distributions, or a return of certain contributions). File 2010 state taxes Prev  Up  Next   Home   More Online Publications