File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

File 2010 Tax Return Turbotax

1040ez Tax Return1040ez 2010 File Online1040x 2011 Free File1040 Ez FilingOnline 1040ez FormWww Taxact Com 2012Tax Filing For 2012Free Online Tax Filing State And FederalFiling Amended Tax ReturnAmmended Tax FormDo My 2012 Taxes Online For FreeIrs Tax Form 1040ezFreestatefilingTaxes MilitaryFiling 2010 Taxes940 Ez FormIrs 2012 Tax ReturnFederal 1040ez OnlineFile Late Taxes FreeHow To Amend Your Tax Return OnlineIrs Form 1040 EzFree Tax Filing OnlineFree Electronic Tax FilingHow To File Your Taxes Online For FreeTax Amend FormHow To Fill 1040xFile 2006 Taxes OnlineH&r Block Free State Tax FilingWhere Can I File State And Federal Taxes For FreeWhere To File 2012 TaxesIrs FormsHow To File A 1040xWhere Can I Get A 1040x FormAmending 2011 Tax Return1040ez RefundH&r Block 2012 TaxesHow To File An Amended Tax Return For 2012File 2007 Fed Income TaxHow Do I Fill Out A 1040xWhat Is An Amended Tax Return

File 2010 Tax Return Turbotax

File 2010 tax return turbotax Publication 51 - Main Content Table of Contents 1. File 2010 tax return turbotax Taxpayer Identification NumbersWhen you receive your EIN. File 2010 tax return turbotax Registering for SSNVS. File 2010 tax return turbotax 2. File 2010 tax return turbotax Who Are Employees?Crew Leaders Business Owned and Operated by Spouses 3. File 2010 tax return turbotax Wages and Other Compensation 4. File 2010 tax return turbotax Social Security and Medicare TaxesThe $150 Test or the $2,500 Test Social Security and Medicare Tax Withholding 5. File 2010 tax return turbotax Federal Income Tax WithholdingImplementation of lock-in letter. File 2010 tax return turbotax Seasonal employees and employees not currently performing services. File 2010 tax return turbotax Termination and re-hire of employees. File 2010 tax return turbotax How To Figure Federal Income Tax Withholding 6. File 2010 tax return turbotax Required Notice to Employees About Earned Income Credit (EIC) 7. File 2010 tax return turbotax Depositing TaxesWhen To Deposit How To Deposit Deposit Penalties Employers of Both Farm and Nonfarm Workers 8. File 2010 tax return turbotax Form 943 9. File 2010 tax return turbotax Reporting Adjustments on Form 943Current Year Adjustments Prior Year Adjustments 10. File 2010 tax return turbotax Federal Unemployment (FUTA) Tax 11. File 2010 tax return turbotax Reconciling Wage Reporting Forms 13. File 2010 tax return turbotax Federal Income Tax Withholding MethodsWage Bracket Method Percentage Method Alternative Methods of Federal Income Tax Withholding How To Get Tax Help 1. File 2010 tax return turbotax Taxpayer Identification Numbers If you are required to withhold any federal income, social security, or Medicare taxes, you will need an employer identification number (EIN) for yourself. File 2010 tax return turbotax Also, you will need the SSN of each employee and the name of each employee as shown on the employee's social security card. File 2010 tax return turbotax Employer identification number (EIN). File 2010 tax return turbotax   An employer identification number (EIN) is a nine-digit number that the IRS issues. File 2010 tax return turbotax The digits are arranged as follows: 00-0000000. File 2010 tax return turbotax It is used to identify the tax accounts of employers and certain others who have no employees. File 2010 tax return turbotax Use your EIN on all of the items that you send to the IRS and SSA. File 2010 tax return turbotax   If you do not have an EIN, you may apply for one online. File 2010 tax return turbotax Visit IRS. File 2010 tax return turbotax gov and click on the Apply for an EIN Online link under Tools. File 2010 tax return turbotax You may also apply for an EIN by calling 1-800-829-4933, or you can fax or mail Form SS-4, Application for Employer Identification Number, to the IRS. File 2010 tax return turbotax Do not use a SSN in place of an EIN. File 2010 tax return turbotax   If you do not have an EIN by the time a return is due, write “Applied For” and the date you applied for it in the space shown for the number. File 2010 tax return turbotax If you took over another employer's business, do not use that employer's EIN. File 2010 tax return turbotax   You should have only one EIN. File 2010 tax return turbotax If you have more than one, and are not sure which one to use, call the toll-free Business and Specialty Tax Line at 1-800-829-4933 or 1-800-829-4059 (TDD/TTY for persons who are deaf, hard of hearing, or have a speech disability). File 2010 tax return turbotax Provide the EINs that you have, the name and address to which each number was assigned, and the address of your principal place of business. File 2010 tax return turbotax The IRS will tell you which EIN to use. File 2010 tax return turbotax   For more information, see Publication 1635 or Publication 583. File 2010 tax return turbotax When you receive your EIN. File 2010 tax return turbotax   If you are a new employer that indicated a federal tax obligation when requesting an EIN, you will be pre-enrolled in the Electronic Federal Tax Payment System (EFTPS). File 2010 tax return turbotax You will receive information in your Employer Identification Number (EIN) Package about Express Enrollment and an additional mailing containing your EFTPS personal identification number (PIN) and instructions for activating your PIN. File 2010 tax return turbotax Call the toll-free number located in your “How to Activate Your Enrollment” brochure to activate your enrollment and begin making your employment tax deposits. File 2010 tax return turbotax If you outsource any of your payroll and related tax duties to a third party payer, such as a payroll service provider or reporting agent, be sure to tell them about your EFTPS enrollment. File 2010 tax return turbotax Social security number (SSN). File 2010 tax return turbotax   An employee's social security number (SSN) consists of nine digits arranged as follows: 000-00-0000. File 2010 tax return turbotax You must obtain each employee's name and SSN as shown on the employee's social security card because you must enter them on Form W-2. File 2010 tax return turbotax Do not accept a social security card that says “Not valid for employment. File 2010 tax return turbotax ” A social security number issued with this legend does not permit employment. File 2010 tax return turbotax You may, but are not required to, photocopy the social security card if the employee provides it. File 2010 tax return turbotax If you do not show the employee's correct name and SSN on Form W-2, you may owe a penalty unless you have reasonable cause. File 2010 tax return turbotax See Publication 1586, Reasonable Cause Regulations & Requirements for Missing and Incorrect Name/TINs. File 2010 tax return turbotax Applying for a social security card. File 2010 tax return turbotax   Any employee who is legally eligible to work in the United States and does not have a social security card can get one by completing Form SS-5, Application for a Social Security Card, and submitting the necessary documentation to SSA. File 2010 tax return turbotax You can get Form SS-5 at SSA offices, by calling 1-800-772-1213 or 1-800-325-0778 (TTY), or from the SSA website at www. File 2010 tax return turbotax socialsecurity. File 2010 tax return turbotax gov/online/ss-5. File 2010 tax return turbotax html. File 2010 tax return turbotax The employee must complete and sign Form SS-5; it cannot be filed by the employer. File 2010 tax return turbotax You may be asked to supply a letter to accompany Form SS-5 if the employee has exceeded his or her yearly or lifetime limit for the number of replacement cards allowed. File 2010 tax return turbotax Applying for a social security number. File 2010 tax return turbotax   If you file Form W-2 on paper and your employee has applied for an SSN but does not have one when you must file Form W-2, enter “Applied For” on the form. File 2010 tax return turbotax If you are filing electronically, enter all zeros (000-00-0000) in the social security number field. File 2010 tax return turbotax When the employee receives the SSN, file Copy A of Form W-2c, Corrected Wage and Tax Statement, with the SSA to show the employee's SSN. File 2010 tax return turbotax Furnish Copies B, C, and 2 of Form W-2c to the employee. File 2010 tax return turbotax Up to 25 Forms W-2c per Form W-3c, Transmittal of Corrected Wage and Tax Statements, may be filed per session over the Internet, with no limit on the number of sessions. File 2010 tax return turbotax For more information, visit SSA's Employer W-2 Filing Instructions & Information webpage at www. File 2010 tax return turbotax socialsecurity. File 2010 tax return turbotax gov/employer. File 2010 tax return turbotax Advise your employee to correct the SSN on his or her original Form W-2. File 2010 tax return turbotax Correctly record the employee's name and SSN. File 2010 tax return turbotax   Record the name and number of each employee as they are shown on the employee's social security card. File 2010 tax return turbotax If the employee's name is not correct as shown on the card (for example, because of marriage or divorce), the employee should request a corrected card from the SSA. File 2010 tax return turbotax Continue to report the employee's wages under the old name until the employee shows you an updated social security card with the new name. File 2010 tax return turbotax   If the SSA issues the employee a replacement card after a name change, or a new card with a different social security number after a change in alien work status, file a Form W-2c to correct the name/SSN reported on the most recently filed Form W-2. File 2010 tax return turbotax It is not necessary to correct other years if the previous name and SSN were used for years before the most recent Form W-2. File 2010 tax return turbotax IRS individual taxpayer identification numbers (ITINs) for aliens. File 2010 tax return turbotax   Do not accept an ITIN in place of an SSN for employee identification or for work. File 2010 tax return turbotax An ITIN is issued for use by resident and nonresident aliens who need identification for tax purposes, but who are not eligible for U. File 2010 tax return turbotax S. File 2010 tax return turbotax employment. File 2010 tax return turbotax The ITIN is a nine-digit number formatted like an SSN (for example, NNN-NN-NNNN). File 2010 tax return turbotax However, it begins with the number “9” and has either a “7” or “8” as the fourth digit (for example, 9NN-7N-NNNN or 9NN-8N-NNNN). File 2010 tax return turbotax    An individual with an ITIN who later becomes eligible to work in the United States must obtain an SSN. File 2010 tax return turbotax If the individual is currently eligible to work in the United States, instruct the individual to apply for an SSN and follow the instructions under Applying for a social security number, earlier in this section. File 2010 tax return turbotax Do not use an ITIN in place of an SSN on Form W-2. File 2010 tax return turbotax Verification of social security numbers. File 2010 tax return turbotax   Employers and authorized reporting agents can use the Social Security Number Verification Service (SSNVS) to instantly verify up to 10 employee names and SSNs (per screen) at a time, or submit an electronic file of up to 250,000 names and SSNs and usually receive results the next business day. File 2010 tax return turbotax Visit www. File 2010 tax return turbotax socialsecurity. File 2010 tax return turbotax gov/employer/ssnv. File 2010 tax return turbotax htm for more information. File 2010 tax return turbotax Registering for SSNVS. File 2010 tax return turbotax   You must register online and receive authorization from your employer to use SSNVS. File 2010 tax return turbotax To register, visit SSA's website at www. File 2010 tax return turbotax socialsecurity. File 2010 tax return turbotax gov/employer and click on the Business Services Online link. File 2010 tax return turbotax Follow the registration instructions to obtain a user identification (ID) and password. File 2010 tax return turbotax You will need to provide the following information about yourself and your company. File 2010 tax return turbotax Name. File 2010 tax return turbotax SSN. File 2010 tax return turbotax Date of birth. File 2010 tax return turbotax Type of employer. File 2010 tax return turbotax EIN. File 2010 tax return turbotax Company name, address, and telephone number. File 2010 tax return turbotax Email address. File 2010 tax return turbotax When you have completed the online registration process, SSA will mail a one-time activation code to your employer. File 2010 tax return turbotax You must enter the activation code online to use SSNVS. File 2010 tax return turbotax 2. File 2010 tax return turbotax Who Are Employees? Generally, employees are defined either under common law or under statutes for certain situations. File 2010 tax return turbotax See Publication 15-A for details on statutory employees and nonemployees. File 2010 tax return turbotax Employee status under common law. File 2010 tax return turbotax   Generally, a worker who performs services for you is your employee if you have the right to control what will be done and how it will be done. File 2010 tax return turbotax This is so even when you give the employee freedom of action. File 2010 tax return turbotax What matters is that you have the right to control the details of how the services are performed. File 2010 tax return turbotax See Publication 15-A for more information on how to determine whether an individual providing services is an independent contractor or an employee. File 2010 tax return turbotax If an employer-employee relationship exists, it does not matter what it is called. File 2010 tax return turbotax The employee may be called an agent or independent contractor. File 2010 tax return turbotax It also does not matter how payments are measured or paid, what they are called, or if the employee works full or part time. File 2010 tax return turbotax You are responsible for withholding and paying employment taxes for your employees. File 2010 tax return turbotax You are also required to file employment tax returns. File 2010 tax return turbotax These requirements do not apply to amounts that you pay to independent contractors. File 2010 tax return turbotax The rules discussed in this publication apply only to workers who are your employees. File 2010 tax return turbotax In general, you are an employer of farmworkers if your employees: Raise or harvest agricultural or horticultural products on your farm (including the raising and feeding of livestock); Work in connection with the operation, management, conservation, improvement, or maintenance of your farm and its tools and equipment; Provide services relating to salvaging timber, or clearing land of brush and other debris, left by a hurricane (also known as hurricane labor); Handle, process, or package any agricultural or horticultural commodity if you produced over half of the commodity (for a group of up to 20 unincorporated operators, all of the commodity); or Do work for you related to cotton ginning, turpentine, gum resin products, or the operation and maintenance of irrigation facilities. File 2010 tax return turbotax For this purpose, the term “farm” includes stock, dairy, poultry, fruit, fur-bearing animal, and truck farms, as well as plantations, ranches, nurseries, ranges, greenhouses or other similar structures used primarily for the raising of agricultural or horticultural commodities, and orchards. File 2010 tax return turbotax Farmwork does not include reselling activities that do not involve any substantial activity of raising agricultural or horticultural commodities, such as a retail store or a greenhouse used primarily for display or storage. File 2010 tax return turbotax The table in section 12, How Do Employment Taxes Apply to Farmwork , distinguishes between farm and nonfarm activities, and also addresses rules that apply in special situations. File 2010 tax return turbotax Crew Leaders If you are a crew leader, you are an employer of farmworkers. File 2010 tax return turbotax A crew leader is a person who furnishes and pays (either on his or her own behalf or on behalf of the farm operator) workers to do farmwork for the farm operator. File 2010 tax return turbotax If there is no written agreement between you and the farm operator stating that you are his or her employee and if you pay the workers (either for yourself or for the farm operator), then you are a crew leader. File 2010 tax return turbotax For FUTA tax rules, see section 10. File 2010 tax return turbotax Business Owned and Operated by Spouses If you and your spouse jointly own and operate a farm or nonfarm 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 tax return turbotax See Publication 541, Partnerships, for more details. File 2010 tax return turbotax The partnership is considered the employer of any employees, and is liable for any employment taxes due on wages paid to its employees. File 2010 tax return turbotax Exception—Qualified joint venture. File 2010 tax return turbotax   For tax years beginning after December 31, 2006, the Small Business and Work Opportunity Tax Act of 2007 (Public Law 110-28) provides that a “qualified joint venture,” whose only members are spouses filing a joint income tax return, can elect not to be treated as a partnership for federal tax purposes. File 2010 tax return turbotax A qualified joint venture conducts a trade or business where: The only members of the joint venture are spouses who file a joint income tax return, Both spouses materially participate (see Material participation in the Instructions for Schedule C (Form 1040), line G) in the trade or business (mere joint ownership of property is not enough), Both spouses elect to not be treated as a partnership, and The business is co-owned by both spouses and is not held in the name of a state law entity such as a partnership or limited liability company (LLC). File 2010 tax return turbotax   To make the election, all items of income, gain, loss, deduction, and credit must be divided between the spouses, in accordance with each spouse's interest in the venture, and reported on separate Schedules C or F as sole proprietors. File 2010 tax return turbotax Each spouse must also file a separate Schedule SE to pay self-employment taxes, as applicable. File 2010 tax return turbotax   Spouses using the qualified joint venture rules are treated as sole proprietors for federal tax purposes and generally do not need an EIN. File 2010 tax return turbotax If employment taxes are owed by the qualified joint venture, either spouse may report and pay the employment taxes due on the wages paid to the employees using the EIN of that spouse's sole proprietorship. File 2010 tax return turbotax Generally, filing as a qualified joint venture will not increase the spouses' total tax owed on the joint income tax return. File 2010 tax return turbotax However, it gives each spouse credit for social security earnings on which retirement benefits are based and for Medicare coverage without filing a partnership return. File 2010 tax return turbotax    Note. File 2010 tax return turbotax If your spouse is your employee, not your partner, you must pay social security and Medicare taxes for him or her. File 2010 tax return turbotax   For more information on qualified joint ventures, visit IRS. File 2010 tax return turbotax gov and enter “qualified joint venture” in the search box. File 2010 tax return turbotax Exception—Community income. File 2010 tax return turbotax   If you and your spouse wholly own an unincorporated business as community property under the community property laws of a state, foreign country, or U. File 2010 tax return turbotax S. File 2010 tax return turbotax possession, you can treat the business either as a sole proprietorship (of the spouse who carried on the business) or a partnership. File 2010 tax return turbotax You may still make an election to be taxed as a qualified joint venture instead of a partnership. File 2010 tax return turbotax See Exception—Qualified joint venture , earlier in this section. File 2010 tax return turbotax 3. File 2010 tax return turbotax Wages and Other Compensation Cash wages that you pay to employees for farmwork are generally subject to social security tax and Medicare tax. File 2010 tax return turbotax You may also be required to withhold, deposit, and report Additional Medicare Tax. File 2010 tax return turbotax See section 4 for more information. File 2010 tax return turbotax If the wages are subject to social security and Medicare taxes, they are also subject to federal income tax withholding. File 2010 tax return turbotax You may also be liable for FUTA tax, which is not withheld by you or paid by the employee. File 2010 tax return turbotax FUTA tax is discussed in section 10. File 2010 tax return turbotax Cash wages include checks, money orders, etc. File 2010 tax return turbotax Do not count as cash wages the value of food, lodging, and other noncash items. File 2010 tax return turbotax For more information on what payments are considered taxable wages, see Publication 15 (Circular E). File 2010 tax return turbotax Commodity wages. File 2010 tax return turbotax   Commodity wages are not cash and are not subject to social security and Medicare taxes or federal income tax withholding. File 2010 tax return turbotax However, noncash payments, including commodity wages, are treated as cash wages (see above) if the substance of the transaction is a cash payment. File 2010 tax return turbotax These noncash payments are subject to social security and Medicare taxes and federal income tax withholding. File 2010 tax return turbotax Other compensation. File 2010 tax return turbotax   Publications 15-A and 15-B discuss other forms of compensation that may be taxable. File 2010 tax return turbotax Family members. File 2010 tax return turbotax   Generally, the wages that you pay to family members who are your employees are subject to social security and Medicare taxes, federal income tax withholding, and FUTA tax. File 2010 tax return turbotax However, certain exemptions may apply for your child, spouse, or parent. File 2010 tax return turbotax See the table, How Do Employment Taxes Apply to Farmwork , in section 12. File 2010 tax return turbotax Household employees. File 2010 tax return turbotax   The wages of an employee who performs household services, such as a maid, babysitter, gardener, or cook, in your home are not subject to social security and Medicare taxes if you pay that employee cash wages of less than $1,900 in 2014. File 2010 tax return turbotax   Social security and Medicare taxes do not apply to cash wages for housework in your private home if it was done by your spouse or your child under age 21. File 2010 tax return turbotax Nor do the taxes apply to housework done by your parent unless: You have a child living in your home who is under age 18 or has a physical or mental condition that requires care by an adult for at least 4 continuous weeks in a calendar quarter, and You are a widow or widower, or divorced and not remarried, or have a spouse in the home who, because of a physical or mental condition, cannot care for your child for at least 4 continuous weeks in the quarter. File 2010 tax return turbotax   For more information, see Publication 926, Household Employer's Tax Guide. File 2010 tax return turbotax    Wages for household work may not be a deductible farm expense. File 2010 tax return turbotax See Publication 225, Farmer's Tax Guide. File 2010 tax return turbotax Share farmers. File 2010 tax return turbotax   You do not have to withhold or pay social security and Medicare taxes on amounts paid to share farmers under share-farming arrangements. File 2010 tax return turbotax Compensation paid to H-2A visa holders. File 2010 tax return turbotax   Report compensation of $600 or more paid to foreign agricultural workers who entered the country on H-2A visas in box 1 of Form W-2 but do not report it as social security wages (box 3) or Medicare wages (box 5) on Form W-2 because compensation paid to H-2A workers for agricultural labor performed in connection with this visa is not subject to social security and Medicare taxes. File 2010 tax return turbotax On Form W-2, do not check box 13 (Statutory employee), as H-2A workers are not statutory employees. File 2010 tax return turbotax   An employer is not required to withhold federal income tax from compensation it pays an H-2A worker for agricultural labor performed in connection with this visa unless the worker asks for withholding and the employer agrees. File 2010 tax return turbotax In that case, the worker must give the employer a completed Form W-4. File 2010 tax return turbotax Federal income tax withheld should be reported in box 2 of Form W-2. File 2010 tax return turbotax These reporting rules apply when the H-2A worker provides his or her taxpayer identification number (TIN) to the employer. File 2010 tax return turbotax For rules relating to backup withholding and reporting when the H-2A worker does not provide a TIN, see the Instructions for Form 1099-MISC and the Instructions for Form 945. File 2010 tax return turbotax 4. File 2010 tax return turbotax Social Security and Medicare Taxes Generally, you must withhold social security and Medicare taxes on all cash wage payments that you make to your employees. File 2010 tax return turbotax You may also be required to withhold Additional Medicare Tax. File 2010 tax return turbotax For more information, see Additional Medicare Tax withholding , later. File 2010 tax return turbotax The $150 Test or the $2,500 Test All cash wages that you pay to an employee during the year for farmwork are subject to social security and Medicare taxes and federal income tax withholding if either of the two tests below is met. File 2010 tax return turbotax You pay cash wages to an employee of $150 or more in a year for farmwork (count all cash wages paid on a time, piecework, or other basis). File 2010 tax return turbotax The $150 test applies separately to each farmworker that you employ. File 2010 tax return turbotax If you employ a family of workers, each member is treated separately. File 2010 tax return turbotax Do not count wages paid by other employers. File 2010 tax return turbotax The total that you pay for farmwork (cash and noncash) to all your employees is $2,500 or more during the year. File 2010 tax return turbotax Exceptions. File 2010 tax return turbotax   The $150 and $2,500 tests do not apply to wages that you pay to a farmworker who receives less than $150 in annual cash wages and the wages are not subject to social security and Medicare taxes, or federal income tax withholding, even if you pay $2,500 or more in that year to all of your farmworkers if the farmworker: Is employed in agriculture as a hand-harvest laborer, Is paid piece rates in an operation that is usually paid on a piece-rate basis in the region of employment, Commutes daily from his or her permanent home to the farm, and Had been employed in agriculture less than 13 weeks in the preceding calendar year. File 2010 tax return turbotax   Amounts that you pay to these seasonal farmworkers, however, count toward the $2,500-or-more test to determine whether wages that you pay to other farmworkers are subject to social security and Medicare taxes. File 2010 tax return turbotax Social Security and Medicare Tax Withholding The social security tax rate is 6. File 2010 tax return turbotax 2%, for both the employee and employer, on the first $117,000 paid to each employee. File 2010 tax return turbotax You must withhold at this rate from each employee and pay a matching amount. File 2010 tax return turbotax The Medicare tax rate is 1. File 2010 tax return turbotax 45% each for the employee and employer on all wages. File 2010 tax return turbotax You must withhold at this rate from each employee and pay a matching amount. File 2010 tax return turbotax There is no wage base limit for Medicare tax; all covered wages are subject to Medicare tax. File 2010 tax return turbotax Social security and Medicare taxes apply to most payments of sick pay, including payments made by third parties such as insurance companies. File 2010 tax return turbotax For details, see Publication 15-A. File 2010 tax return turbotax Additional Medicare Tax withholding. File 2010 tax return turbotax   In addition to withholding Medicare tax at 1. File 2010 tax return turbotax 45%, you must withhold a 0. File 2010 tax return turbotax 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. File 2010 tax return turbotax You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. File 2010 tax return turbotax Additional Medicare Tax is only imposed on the employee. File 2010 tax return turbotax There is no employer share of Additional Medicare Tax. File 2010 tax return turbotax All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. File 2010 tax return turbotax   For more information on what wages are subject to Medicare tax, see the chart, Special Rules for Various Types of Services and Payments, in section 15 of Publication 15 (Circular E). File 2010 tax return turbotax For more information on Additional Medicare Tax, visit IRS. File 2010 tax return turbotax gov and enter “Additional Medicare Tax” in the search box. File 2010 tax return turbotax Employee share paid by employer. File 2010 tax return turbotax   If you would rather pay a household or agricultural employee's share of the social security and Medicare taxes without withholding them from his or her wages, you may do so. File 2010 tax return turbotax If you do not withhold the taxes, however, you must still pay them. File 2010 tax return turbotax Any employee social security and Medicare taxes that you pay is additional income to the employee. File 2010 tax return turbotax Include it in box 1 of the employee's Form W-2, but do not count it as social security and Medicare wages and do not include it in boxes 3 and 5. File 2010 tax return turbotax Also, do not count the additional income as wages for FUTA tax purposes. File 2010 tax return turbotax Different rules apply to employer payments of social security and Medicare taxes for non-household and non-agricultural employees. File 2010 tax return turbotax See section 7 of Publication 15-A. File 2010 tax return turbotax Withholding social security and Medicare taxes on nonresident alien employees. File 2010 tax return turbotax   In general, if you pay wages to nonresident alien employees, you must withhold social security and Medicare taxes as you would for a U. File 2010 tax return turbotax S. File 2010 tax return turbotax citizen or resident alien. File 2010 tax return turbotax However, see Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities, for exceptions to this general rule. File 2010 tax return turbotax Also see Compensation paid to H-2A visa holders in section 3. File 2010 tax return turbotax Religious exemption. File 2010 tax return turbotax    An exemption from social security and Medicare taxes is available to members of a recognized religious sect opposed to public insurance. File 2010 tax return turbotax This exemption is available only if both the employee and the employer are members of the sect. File 2010 tax return turbotax   For more information, see Publication 517, Social Security and Other Information for Members of the Clergy and Religious Workers. File 2010 tax return turbotax 5. File 2010 tax return turbotax Federal Income Tax Withholding Farmers and crew leaders must withhold federal income tax from the wages of farmworkers if the wages are subject to social security and Medicare taxes. File 2010 tax return turbotax The amount to withhold is figured on gross wages before taking out social security and Medicare taxes, union dues, insurance, etc. File 2010 tax return turbotax You may use one of several methods to determine the amount of federal income tax withholding. File 2010 tax return turbotax They are discussed in section 13. File 2010 tax return turbotax Form W-4. File 2010 tax return turbotax   To know how much federal income tax to withhold from employees' wages, you should have a Form W-4 on file for each employee. File 2010 tax return turbotax Encourage your employees to file an updated Form W-4 for 2014, especially if they owed taxes or received a large refund when filing their 2013 tax return. File 2010 tax return turbotax Advise your employees to use the IRS Withholding Calculator on the IRS website at www. File 2010 tax return turbotax irs. File 2010 tax return turbotax gov/individuals for help in determining how many withholding allowances to claim on their Form W-4. File 2010 tax return turbotax   Ask each new employee to give you a signed Form W-4 when starting work. File 2010 tax return turbotax Make the form effective with the first wage payment. File 2010 tax return turbotax If a new employee does not give you a completed Form W-4, withhold tax as if he or she is single, with no withholding allowances. File 2010 tax return turbotax Forms in Spanish. File 2010 tax return turbotax   You can provide Formulario W-4(SP) in place of Form W-4 to your Spanish-speaking employees. File 2010 tax return turbotax For more information, see Publicación 17(SP). File 2010 tax return turbotax Effective date of Form W-4. File 2010 tax return turbotax   A Form W-4 remains in effect until the employee gives you a new one. File 2010 tax return turbotax When you receive a new Form W-4, do not adjust withholding for pay periods before the effective date of the new form. File 2010 tax return turbotax Do not adjust withholding retroactively. File 2010 tax return turbotax If an employee gives you a replacement Form W-4, begin withholding no later than the start of the first payroll period ending on or after the 30th day from the date when you received the replacement Form W-4. File 2010 tax return turbotax For exceptions, see Exemption from federal income tax withholding , IRS review of requested Forms W-4 , and Invalid Forms W-4 , later in this section. File 2010 tax return turbotax A Form W-4 that makes a change for the next calendar year will not take effect in the current calendar year. File 2010 tax return turbotax Completing Form W-4. File 2010 tax return turbotax   The amount of federal income tax withholding is based on marital status and withholding allowances. File 2010 tax return turbotax Your employees may not base their withholding amounts on a fixed dollar amount or percentage. File 2010 tax return turbotax However, the employee may specify a dollar amount to be withheld in addition to the amount of withholding based on filing status and withholding allowances claimed on Form W-4. File 2010 tax return turbotax   Employees may claim fewer withholding allowances than they are entitled to claim. File 2010 tax return turbotax They may do this to ensure that they have enough withholding or to offset other sources of taxable income that are not subject to withholding. File 2010 tax return turbotax   See Publication 505, Tax Withholding and Estimated Tax, for more information about completing Form W-4. File 2010 tax return turbotax Along with Form W-4, you may wish to order Publication 505 for use by your employees. File 2010 tax return turbotax    Do not accept any withholding or estimated tax payments from your employees in addition to withholding based on their Form W-4. File 2010 tax return turbotax If an employee wants additional withholding, he or she should submit a new Form W-4 and, if necessary, pay estimated tax by filing Form 1040-ES, Estimated Tax for Individuals, or by using the Electronic Federal Tax Payment System (EFTPS) to make estimated tax payments. File 2010 tax return turbotax Exemption from federal income tax withholding. File 2010 tax return turbotax   Generally, an employee may claim exemption from federal income tax withholding because he or she had no federal income tax liability last year and expects none this year. File 2010 tax return turbotax See the Form W-4 instructions for more information. File 2010 tax return turbotax However, the wages are still subject to social security and Medicare taxes. File 2010 tax return turbotax   A Form W-4 claiming exemption from withholding is effective when it is filed with the employer and only for that calendar year. File 2010 tax return turbotax To continue to be exempt from withholding in the next calendar year, an employee must give you a new Form W-4 by February 15. File 2010 tax return turbotax If the employee does not give you a new Form W-4 by February 15, withhold tax based on the last valid Form W-4 you have for the employee that did not claim an exemption from withholding or, if one does not exist, withhold as if he or she is single with zero withholding allowances. File 2010 tax return turbotax If the employee provides a new Form W-4 claiming an exemption from withholding on February 16 or later, you may apply the exemption to future wages, but do not refund taxes withheld while the exempt status was not in place. File 2010 tax return turbotax Withholding income taxes on the wages of nonresident alien employees. File 2010 tax return turbotax   In general, you must withhold federal income taxes on the wages of nonresident alien employees. File 2010 tax return turbotax However, see Publication 515 for exceptions to this general rule. File 2010 tax return turbotax Also see Compensation paid to H-2A visa workers in section 3. File 2010 tax return turbotax Withholding adjustment for nonresident alien employees. File 2010 tax return turbotax   A special procedure applies for figuring the amount of income tax to withhold from wages of nonresident alien employees performing services within the United States for wages paid in 2014. File 2010 tax return turbotax This procedure requires a special chart to be used with the withholding tables to determine the amount to withhold from the wages of the nonresident alien employee. File 2010 tax return turbotax See Withholding adjustment for nonresident alien employees in section 9 of Publication 15 (Circular E). File 2010 tax return turbotax Nonresident alien employee's Form W-4. File 2010 tax return turbotax   When completing Forms W-4, nonresident aliens are required to: Not claim exemption from income tax withholding; Request withholding as if they are single, regardless of their actual marital status; Claim only one allowance (if the nonresident alien is a resident of Canada, Mexico, or Korea, he or she may claim more than one allowance); and Write “Nonresident Alien” or “NRA” above the dotted line on line 6 of Form W-4. File 2010 tax return turbotax   If you maintain an electronic Form W-4 system, you should provide a field for nonresident alien employees to enter nonresident alien status in lieu of writing “Nonresident Alien” or “NRA” above the dotted line on line 6. File 2010 tax return turbotax    A nonresident alien employee may request additional withholding at his or her option for other purposes, although such additions should not be necessary for withholding to cover federal income tax liability related to employment. File 2010 tax return turbotax Form 8233. File 2010 tax return turbotax   If a nonresident alien employee claims a tax treaty exemption from withholding, the employee must submit Form 8233, Exemption from Withholding on Compensation for Independent (and Certain Dependent) Personal Services of a Nonresident Alien Individual, with respect to the income exempt under the treaty, instead of Form W-4. File 2010 tax return turbotax See Publication 515 for details. File 2010 tax return turbotax IRS review of requested Forms W-4. File 2010 tax return turbotax   When requested by the IRS, you must make original Forms W-4 available for inspection by an IRS employee. File 2010 tax return turbotax You may also be directed to send certain Forms W-4 to the IRS. File 2010 tax return turbotax You may receive a notice from the IRS requiring you to submit a copy of Form W-4 for one or more of your named employees. File 2010 tax return turbotax Send the requested copy or copies of Form W-4 to the IRS at the address provided and in the manner directed by the notice. File 2010 tax return turbotax The IRS may also require you to submit copies of Form W-4 to the IRS as directed by a revenue procedure or notice published in the Internal Revenue Bulletin. File 2010 tax return turbotax When we refer to Form W-4, the same rules apply to Formulario W-4(SP), its Spanish translation. File 2010 tax return turbotax   After submitting a copy of the requested Form W-4 to the IRS, continue to withhold federal income tax based on that Form W-4 if it is valid (see Invalid Forms W-4 , later in this section). File 2010 tax return turbotax However, if the IRS later notifies you in writing that the employee is not entitled to claim a complete exemption from withholding or more than the maximum number of withholding allowances specified by the IRS in the written notice, withhold federal income tax based on the effective date, marital status, and maximum number of withholding allowances specified in the notice (commonly referred to as a “lock-in letter”). File 2010 tax return turbotax Initial lock-in letter. File 2010 tax return turbotax   The IRS uses information reported on Form W-2 to identify employees with withholding compliance problems. File 2010 tax return turbotax In some cases, where a serious under-withholding problem is found to exist for a particular employee, the IRS may issue a lock-in letter to the employer specifying the maximum number of withholding allowances and marital status permitted for a specific employee. File 2010 tax return turbotax You will also receive a copy for the employee that identifies the maximum number of withholding allowances permitted and the process by which the employee can provide additional information to the IRS for purposes of determining the appropriate number of withholding allowances. File 2010 tax return turbotax If the employee is employed by you as of the date of the notice, you must furnish the employee copy to the employee within 10 business days of receipt. File 2010 tax return turbotax You may follow any reasonable business practice to furnish the employee copy to the employee. File 2010 tax return turbotax Implementation of lock-in letter. File 2010 tax return turbotax   When you receive the notice specifying the maximum number of withholding allowances and marital status permitted, you may not withhold immediately on the basis of the notice. File 2010 tax return turbotax You must begin withholding tax on the basis of the notice for any wages paid after the date specified in the notice. File 2010 tax return turbotax The delay between your receipt of the notice and the date to begin the withholding on the basis of the notice permits the employee to contact the IRS. File 2010 tax return turbotax Seasonal employees and employees not currently performing services. File 2010 tax return turbotax   If you receive a notice for an employee who is not currently performing services for you, you are still required to furnish the employee copy to the employee and withhold based on the notice if any of the following apply. File 2010 tax return turbotax You are paying wages for the employee's prior services and the wages are subject to income tax withholding on or after the date specified in the notice. File 2010 tax return turbotax You reasonably expect the employee to resume services within 12 months of the date of the notice. File 2010 tax return turbotax The employee is on a bona fide leave of absence that does not exceed 12 months or the employee has a right to reemployment after the leave of absence. File 2010 tax return turbotax Termination and re-hire of employees. File 2010 tax return turbotax   If you are required to furnish and withhold based on the notice and the employment relationship is terminated after the date of the notice, you must continue to withhold based on the notice if you continue to pay any wages subject to income tax withholding. File 2010 tax return turbotax You must also withhold based on the notice or modification notice (explained next) if the employee resumes the employment relationship with you within 12 months after the termination of the employment relationship. File 2010 tax return turbotax Modification notice. File 2010 tax return turbotax   After issuing the notice specifying the maximum number of withholding allowances and marital status permitted, the IRS may issue a subsequent notice (modification notice) that modifies the original notice. File 2010 tax return turbotax The modification notice may change the marital status and/or the number of withholding allowances permitted. File 2010 tax return turbotax You must withhold federal income tax based on the effective date specified in the modification notice. File 2010 tax return turbotax New Form W-4 after IRS notice. File 2010 tax return turbotax   After the IRS issues a notice or modification notice, if the employee provides you with a new Form W-4 claiming complete exemption from withholding or claims a marital status, a number of withholding allowances, and any additional withholding that results in less withholding than would result under the IRS notice or modification notice, you must disregard the new Form W-4. File 2010 tax return turbotax You are required to withhold on the basis of the notice or modification notice unless the IRS subsequently notifies you to withhold based on the new Form W-4. File 2010 tax return turbotax If the employee wants to put a new Form W-4 into effect that results in less withholding than required, the employee must contact the IRS. File 2010 tax return turbotax   If, after you receive an IRS notice or modification notice, your employee provides you with a new Form W-4 that does not claim exemption from federal income tax withholding and claims a marital status, a number of withholding allowances, and any additional withholding that results in more withholding than would result under the notice or modification notice, you must withhold tax on the basis of that new Form W-4. File 2010 tax return turbotax Otherwise, disregard any subsequent Forms W-4 provided by the employee and withhold based on the IRS notice or modification notice. File 2010 tax return turbotax Substitute Forms W-4. File 2010 tax return turbotax   You are encouraged to have your employees use the official version of Form W-4 to claim withholding allowances or exemption from withholding. File 2010 tax return turbotax Call the IRS at 1-800-TAX-FORM (1-800-829-3676) or visit IRS. File 2010 tax return turbotax gov to obtain copies of Form W-4. File 2010 tax return turbotax   You may use a substitute version of Form W-4 to meet your business needs. File 2010 tax return turbotax However, your substitute Form W-4 must contain language that is identical to the official Form W-4 and your form must meet all current IRS rules for substitute forms. File 2010 tax return turbotax At the time that you provide your substitute form to the employee, you must provide him or her with all tables, instructions, and worksheets from the current Form W-4. File 2010 tax return turbotax   You cannot accept a substitute Form W-4 developed by an employee, and the employee submitting such form will be treated as failing to furnish a Form W-4. File 2010 tax return turbotax However, continue to use any valid Forms W-4 developed by your employees that you accepted before October 11, 2007. File 2010 tax return turbotax Invalid Forms W-4. File 2010 tax return turbotax   Any unauthorized change or addition to Form W-4 makes it invalid. File 2010 tax return turbotax This includes taking out any language by which the employee certifies that the form is correct. File 2010 tax return turbotax A Form W-4 is also invalid if, by the date an employee gives it to you, he or she indicates in any way that it is false. File 2010 tax return turbotax An employee who submits a false Form W-4 may be subject to a $500 penalty. File 2010 tax return turbotax You may treat a Form W-4 as invalid if the employee wrote “exempt” on line 7 and also entered a number on line 5 or an amount on line 6. File 2010 tax return turbotax   When you get an invalid Form W-4, do not use it to figure federal income tax withholding. File 2010 tax return turbotax Tell the employee that it is invalid and ask for another one. File 2010 tax return turbotax If the employee does not give you a valid one, withhold taxes as if the employee was single and claiming no withholding allowances. File 2010 tax return turbotax However, if you have an earlier Form W-4 for this worker that is valid, withhold as you did before. File 2010 tax return turbotax   For additional information about these rules, see Treasury Decision 9337, 2007-35 I. File 2010 tax return turbotax R. File 2010 tax return turbotax B. File 2010 tax return turbotax 455, available at www. File 2010 tax return turbotax irs. File 2010 tax return turbotax gov/irb/2007-35_IRB/ar10. File 2010 tax return turbotax html. File 2010 tax return turbotax Amounts exempt from levy on wages, salary, and other income. File 2010 tax return turbotax   If you receive a Notice of Levy on Wages, Salary, and Other Income—Forms 668-W(ACS), 668-W(c)(DO), or 668-W(ICS), you must withhold amounts as described in the instructions for these forms. File 2010 tax return turbotax Publication 1494, Tables for Figuring Amount Exempt From Levy on Wages, Salary, and Other Income—Forms 668-W(ACS), 668-W(c)(DO), and 668-W(ICS), shows the exempt amount. File 2010 tax return turbotax If a levy issued in a prior year is still in effect and the taxpayer submits a new Statement of Exemptions and Filing Status, use the current year Publication 1494 to compute the exempt amount. File 2010 tax return turbotax How To Figure Federal Income Tax Withholding There are several ways to figure federal income tax withholding. File 2010 tax return turbotax Wage bracket tables. File 2010 tax return turbotax See section 13 for directions on how to use the tables. File 2010 tax return turbotax Percentage method. File 2010 tax return turbotax See section 13 for directions on how to use the percentage method. File 2010 tax return turbotax Alternative formula tables for percentage method withholding. File 2010 tax return turbotax See Publication 15-A. File 2010 tax return turbotax Wage bracket percentage method withholding tables. File 2010 tax return turbotax See Publication 15-A. File 2010 tax return turbotax Other alternative methods. File 2010 tax return turbotax See Publication 15-A. File 2010 tax return turbotax Employers with automated payroll systems will find the two alternative formula tables and the two alternative wage bracket percentage method tables in Publication 15-A useful. File 2010 tax return turbotax If an employee wants additional federal tax withheld, have the employee show the extra amount on Form W-4. File 2010 tax return turbotax Supplemental wages. File 2010 tax return turbotax   Supplemental wages are wage payments to an employee that are not regular wages. File 2010 tax return turbotax They include, but are not limited to, bonuses, commissions, overtime pay, accumulated sick leave, severance pay, awards, prizes, back pay and retroactive pay increases for current employees, and payments for nondeductible moving expenses. File 2010 tax return turbotax Other payments subject to the supplemental wage rules include taxable fringe benefits and expense allowances paid under a nonaccountable plan. File 2010 tax return turbotax   If you pay supplemental wages with regular wages but do not specify the amount of each, withhold federal income tax as if the total was a single payment for a regular payroll period. File 2010 tax return turbotax   If you pay supplemental wages separately (or combine them in a single payment and specify the amount of each), the federal income tax withholding method depends partly on whether you withhold federal income tax from your employee's regular wages. File 2010 tax return turbotax If you withheld federal income tax from an employee's regular wages in the current or immediately preceding calendar year, you can use one of the following methods for the supplemental wages. File 2010 tax return turbotax Withhold a flat 25% (no other percentage allowed). File 2010 tax return turbotax If the supplemental wages are paid concurrently with regular wages, add the supplemental wages to the concurrently paid regular wages. File 2010 tax return turbotax If there are no concurrently paid regular wages, add the supplemental wages to alternatively, either the regular wages paid or to be paid for the current payroll period or the regular wages paid for the preceding payroll period. File 2010 tax return turbotax Figure the income tax withholding as if the total of the regular wages and supplemental wages is a single payment. File 2010 tax return turbotax Subtract the tax withheld from the regular wages. File 2010 tax return turbotax Withhold the remaining tax from the supplemental wages. File 2010 tax return turbotax If there were other payments of supplemental wages paid during the payroll period made before the current payment of supplemental wages, aggregate all the payments of supplemental wages paid during the payroll period with the regular wages paid during the payroll period, calculate the tax on the total, subtract the tax already withheld from the regular wages and previous supplemental wage payments, and withhold the remaining tax from the current payment of supplemental wages. File 2010 tax return turbotax If you did not withhold federal income tax from the employee's regular wages in the current or immediately preceding calendar year, use method 1-b above. File 2010 tax return turbotax This would occur, for example, when the value of the employee's withholding allowances claimed on Form W-4 is more than the wages. File 2010 tax return turbotax    Separate rules apply to any supplemental wages exceeding $1 million that you pay to an individual during the year. File 2010 tax return turbotax See section 7 in Publication 15 (Circular E) for details. File 2010 tax return turbotax   Regardless of the method that you use to withhold federal income tax on supplemental wages, they are generally subject to social security, Medicare, and FUTA taxes. File 2010 tax return turbotax 6. File 2010 tax return turbotax Required Notice to Employees About Earned Income Credit (EIC) You must notify employees who have no federal income tax withheld that they may be able to claim a tax refund because of the EIC. File 2010 tax return turbotax Although you do not have to notify employees who claim exemption from withholding on Form W-4 about the EIC, you are encouraged to notify any employees whose wages for 2013 were less than $46,227 ($51,567 if married filing jointly) that they may be eligible to claim the credit for 2013. File 2010 tax return turbotax This is because eligible employees may get a refund of the amount of EIC that is more than the tax that they owe. File 2010 tax return turbotax You will meet the notification requirement if you issue to the employee Form W-2 with the EIC notice on the back of Copy B, or a substitute Form W-2 with the same statement. File 2010 tax return turbotax You may also meet the requirement by providing Notice 797, Possible Federal Tax Refund Due to the Earned Income Credit (EIC), or your own statement that contains the same wording. File 2010 tax return turbotax If a substitute Form W-2 is given to the employee on time but does not have the required statement, you must notify the employee within 1 week of the date that the substitute Form W-2 is given. File 2010 tax return turbotax If Form W-2 is required but is not given on time, you must give the employee Notice 797 or your written statement by the date that Form W-2 is required to be given. File 2010 tax return turbotax If Form W-2 is not required, you must notify the employee by February 7, 2014. File 2010 tax return turbotax 7. File 2010 tax return turbotax Depositing Taxes Generally, you must deposit both the employer and employee shares of social security and Medicare taxes and federal income tax withheld. File 2010 tax return turbotax You must use electronic funds transfer to make all federal tax deposits. File 2010 tax return turbotax See How To Deposit , later in this section. File 2010 tax return turbotax The credit against employment taxes for COBRA premium assistance payments is treated as a deposit of taxes on the first day of your return period. File 2010 tax return turbotax For more information, see COBRA premium assistance credit under Introduction. File 2010 tax return turbotax Payment with return. File 2010 tax return turbotax   You may make payments with Forms 943 or 945 instead of depositing if one of the following applies. File 2010 tax return turbotax You report less than a $2,500 tax liability for the year (Form 943, line 11; Form 945, line 3) and you pay in full with a return that is filed on time. File 2010 tax return turbotax However, if you are unsure that you will report less than $2,500, deposit under the rules explained in this section so that you will not be subject to failure-to-deposit penalties. File 2010 tax return turbotax You are a monthly schedule depositor and make a payment in accordance with the Accuracy of Deposits Rule discussed later in this section. File 2010 tax return turbotax This payment may be $2,500 or more. File 2010 tax return turbotax Only monthly schedule depositors, defined later, are allowed to make an Accuracy of Deposits Rule payment with the return. File 2010 tax return turbotax Semiweekly schedule depositors must timely deposit the amount. File 2010 tax return turbotax See Accuracy of Deposits Rule and How To Deposit, later in this section. File 2010 tax return turbotax When To Deposit If you employ both farm and nonfarm workers, do not combine the taxes reportable on Forms 941 or 944 with Form 943 to decide whether to make a deposit. File 2010 tax return turbotax See Employers of Both Farm and Nonfarm Workers, later in this section. File 2010 tax return turbotax The rules for determining when to deposit Form 943 taxes are discussed below. File 2010 tax return turbotax See section 10 for the separate rules that apply to FUTA tax. File 2010 tax return turbotax Under these rules, you are classified as either a monthly schedule depositor or a semiweekly schedule depositor. File 2010 tax return turbotax The terms “monthly schedule depositor” and “semiweekly schedule depositor” do not refer to how often your business pays its employees or how often you are required to make deposits. File 2010 tax return turbotax The terms identify which set of rules you must follow when you incur a tax liability (for example, when you have a payday). File 2010 tax return turbotax The deposit schedule that you must use for a calendar year is determined from the tax liability reported on your Form 943, line 9, for the lookback period, discussed next. File 2010 tax return turbotax If you reported $50,000 or less of Form 943 taxes for the lookback period, you are a monthly schedule depositor. File 2010 tax return turbotax If you reported more than $50,000 of Form 943 taxes for the lookback period, you are a semiweekly schedule depositor. File 2010 tax return turbotax Lookback period. File 2010 tax return turbotax   The lookback period is the second calendar year preceding the current calendar year. File 2010 tax return turbotax For example, the lookback period for 2014 is 2012. File 2010 tax return turbotax Example of deposit schedule based on lookback period. File 2010 tax return turbotax Rose Co. File 2010 tax return turbotax reported taxes on Form 943 as follows. File 2010 tax return turbotax 2012 — $48,000 2013 — $60,000 Rose Co. File 2010 tax return turbotax is a monthly schedule depositor for 2014 because its taxes for the lookback period ($48,000 for calendar year 2012) were not more than $50,000. File 2010 tax return turbotax However, for 2015, Rose Co. File 2010 tax return turbotax is a semiweekly schedule depositor because the total taxes before adjustment for its lookback period ($60,000 for calendar year 2013) exceeded $50,000. File 2010 tax return turbotax Adjustments to lookback period taxes. File 2010 tax return turbotax   To determine your taxes for the lookback period, use only the tax that you reported on the original return (Form 943, line 9). File 2010 tax return turbotax Do not include adjustments shown on Form 943-X, Adjusted Employer's Annual Federal Tax Return for Agricultural Employees or Claim for Refund. File 2010 tax return turbotax Example of adjustments. File 2010 tax return turbotax An employer originally reported total tax of $45,000 for the lookback period in 2012. File 2010 tax return turbotax The employer discovered during March 2014 that the tax reported for the lookback period was understated by $10,000 and corrected this error by filing Form 943-X. File 2010 tax return turbotax The total tax reported in the lookback period is still $45,000. File 2010 tax return turbotax The $10,000 adjustment is also not treated as part of the 2014 taxes. File 2010 tax return turbotax Deposit period. File 2010 tax return turbotax   The term “deposit period” refers to the period during which tax liabilities are accumulated for each required deposit due date. File 2010 tax return turbotax For monthly schedule depositors, the deposit period is a calendar month. File 2010 tax return turbotax The deposit periods for semiweekly schedule depositors are Wednesday through Friday and Saturday through Tuesday. File 2010 tax return turbotax Monthly Deposit Schedule If the tax liability reported on Form 943, line 9, for the lookback period is $50,000 or less, you are a monthly schedule depositor for the current year. File 2010 tax return turbotax You must deposit Form 943 taxes on payments made during a calendar month by the 15th day of the following month. File 2010 tax return turbotax Monthly schedule example. File 2010 tax return turbotax   Red Co. File 2010 tax return turbotax is a seasonal employer and a monthly schedule depositor. File 2010 tax return turbotax It pays wages each Friday. File 2010 tax return turbotax It paid wages during August 2014, but did not pay any wages during September. File 2010 tax return turbotax Red Co. File 2010 tax return turbotax must deposit the combined tax liabilities for the August paydays by September 15. File 2010 tax return turbotax Red Co. File 2010 tax return turbotax does not have a deposit requirement for September (that is, due by October 15, 2014) because no wages were paid in September; therefore, it did not have a tax liability for September. File 2010 tax return turbotax New employers. File 2010 tax return turbotax   For agricultural employers, your tax liability for any year in the lookback period before the date you started or acquired your business is considered to be zero. File 2010 tax return turbotax Therefore, you are a monthly schedule depositor for the first and second calendar years of your agricultural business (but see the $100,000 Next-Day Deposit Rule , later in this section). File 2010 tax return turbotax Semiweekly Deposit Schedule You are a semiweekly schedule depositor for a calendar year if the tax liability on Form 943, line 9, during your lookback period was more than $50,000. File 2010 tax return turbotax Under the semiweekly deposit schedule, deposit Form 943 taxes for payments made on Wednesday, Thursday, and/or Friday by the following Wednesday. File 2010 tax return turbotax Deposit amounts accumulated for payments made on Saturday, Sunday, Monday, and/or Tuesday by the following Friday. File 2010 tax return turbotax Semiweekly depositors are not required to deposit twice a week if their payments were in the same semiweekly period unless the $100,000 Next-Day Deposit Rule (discussed later in this section) applies. File 2010 tax return turbotax For example, if you made a payment on both Wednesday and Friday and incurred taxes of $10,000 for each pay date, deposit the $20,000 by the following Wednesday. File 2010 tax return turbotax If you made no additional payments on Saturday through Tuesday, no deposit is due on Friday. File 2010 tax return turbotax Semiweekly schedule depositors must complete Form 943-A, Agricultural Employer's Record of Federal Tax Liability, and submit it with Form 943. File 2010 tax return turbotax Semiweekly Deposit Schedule IF the payday falls on a. File 2010 tax return turbotax . File 2010 tax return turbotax . File 2010 tax return turbotax THEN deposit taxes by the following. File 2010 tax return turbotax . File 2010 tax return turbotax . File 2010 tax return turbotax Wednesday, Thursday, and/or Friday Wednesday Saturday, Sunday, Monday, and/or Tuesday Friday Semiweekly schedule example. File 2010 tax return turbotax   Green, Inc. File 2010 tax return turbotax , is a semiweekly schedule depositor and pays wages once each month on the last Friday of the month. File 2010 tax return turbotax Green, Inc. File 2010 tax return turbotax , will deposit only once a month, but the deposit will be made under the semiweekly deposit schedule as follows. File 2010 tax return turbotax Green, Inc. File 2010 tax return turbotax 's tax liability for the April 25, 2014 (Friday), wage payment must be deposited by April 30, 2014 (Wednesday). File 2010 tax return turbotax Semiweekly deposit period spanning two quarters. File 2010 tax return turbotax   If you have more than one pay date during a semiweekly period and the pay dates fall in different calendar quarters, you will need to make separate deposits for the separate liabilities. File 2010 tax return turbotax For example, if you have a pay date on Monday, March 31, 2014 (first quarter), and another pay date on Tuesday, April 1, 2014 (second quarter), two separate deposits will be required even though the pay dates fall within the same semiweekly period. File 2010 tax return turbotax Both deposits will be due Friday, April 4, 2014 (3 business days from the end of the semiweekly deposit period). File 2010 tax return turbotax Deposits on Business Days Only If a deposit is required to be made on a day that is not a business day, the deposit is considered timely if it is made by the close of the next business day. File 2010 tax return turbotax A business day is any day other than a Saturday, Sunday, or legal holiday. File 2010 tax return turbotax For example, if a deposit is required to be made on Friday and Friday is a legal holiday, the deposit is considered timely if it is made by the following Monday (if Monday is a business day). File 2010 tax return turbotax Semiweekly schedule depositors   will always have 3 business days to make a deposit. File 2010 tax return turbotax That is, if any of the 3 weekdays after the end of a semiweekly period is a legal holiday, you will have an additional day for each day that is a legal holiday to make the deposit. File 2010 tax return turbotax For example, if a semiweekly schedule depositor accumulated taxes on Friday and the following Monday is a legal holiday, the deposit normally due on Wednesday may be made on Thursday (this allows 3 business days to make the deposit). File 2010 tax return turbotax Legal holiday. File 2010 tax return turbotax   The term “legal holiday” means any legal holiday in the District of Columbia. File 2010 tax return turbotax Legal holidays for 2014 are listed below. File 2010 tax return turbotax January 1— New Year's Day January 20— Birthday of Martin Luther King, Jr. File 2010 tax return turbotax February 17— Washington's Birthday April 16— District of Columbia Emancipation Day May 26— Memorial Day July 4— Independence Day September 1— Labor Day October 13— Columbus Day November 11— Veterans' Day November 27— Thanksgiving Day December 25— Christmas Day $100,000 Next-Day Deposit Rule If you accumulate $100,000 or more of Form 943 taxes (that is, taxes reported on Form 943, line 11) on any day during a deposit period, you must deposit the tax by the close of the next business day, whether you are a monthly or a semiweekly schedule depositor. File 2010 tax return turbotax For purposes of the $100,000 rule, do not continue accumulating a tax liability after the end of a deposit period. File 2010 tax return turbotax For example, if a semiweekly schedule depositor has accumulated a liability of $95,000 on a Tuesday (of a Saturday-through-Tuesday deposit period) and accumulated a $10,000 liability on Wednesday, the $100,000 next-day deposit rule does not apply because the $10,000 is accumulated in the next deposit period. File 2010 tax return turbotax Thus, $95,000 must be deposited by Friday and $10,000 must be deposited by the following Wednesday. File 2010 tax return turbotax However, once you accumulate at least $100,000 in a deposit period, stop accumulating at the end of that day and begin to accumulate anew on the next day. File 2010 tax return turbotax For example, Fir Co. File 2010 tax return turbotax is a semiweekly schedule depositor. File 2010 tax return turbotax On Monday, Fir Co. File 2010 tax return turbotax accumulates taxes of $110,000 and must deposit this amount on Tuesday, the next business day. File 2010 tax return turbotax On Tuesday, Fir Co. File 2010 tax return turbotax accumulates additional taxes of $30,000. File 2010 tax return turbotax Because the $30,000 is not added to the previous $110,000 and is less than $100,000, Fir Co. File 2010 tax return turbotax does not have to deposit the $30,000 until Friday (following the semiweekly deposit schedule). File 2010 tax return turbotax If you are a monthly schedule depositor and you accumulate a $100,000 tax liability on any day, you become a semiweekly schedule depositor on the next day and remain so for at least the rest of the calendar year and for the following calendar year. File 2010 tax return turbotax Example of the $100,000 next-day deposit rule. File 2010 tax return turbotax   Elm, Inc. File 2010 tax return turbotax , started its business on May 1, 2014. File 2010 tax return turbotax Because Elm, Inc. File 2010 tax return turbotax , is a new employer, the taxes for its lookback period are considered to be zero; therefore, Elm, Inc. File 2010 tax return turbotax , is a monthly schedule depositor. File 2010 tax return turbotax On May 8, Elm, Inc. File 2010 tax return turbotax , paid wages for the first time and accumulated taxes of $50,000. File 2010 tax return turbotax On May 9 (Friday), Elm, Inc. File 2010 tax return turbotax , paid wages and accumulated taxes of $60,000, for a total of $110,000. File 2010 tax return turbotax Because Elm, Inc. File 2010 tax return turbotax , accumulated $110,000 on May 9, it must deposit $110,000 by May 12 (Monday), the next business day. File 2010 tax return turbotax Elm, Inc. File 2010 tax return turbotax , became a semiweekly schedule depositor on May 10. File 2010 tax return turbotax It will be a semiweekly schedule depositor for the remainder of 2014 and for 2015. File 2010 tax return turbotax Accuracy of Deposits Rule You are required to deposit 100% of your tax liability on or before the deposit due date. File 2010 tax return turbotax However, penalties will not be applied for depositing less than 100% if both of the following conditions are met. File 2010 tax return turbotax Any deposit shortfall does not exceed the greater of $100 or 2% of the amount of taxes otherwise required to be deposited. File 2010 tax return turbotax The deposit shortfall is paid or deposited by the shortfall makeup date as described below. File 2010 tax return turbotax Makeup Date for Deposit Shortfall:    Monthly Schedule Depositor—Deposit the shortfall or pay it with your return by the due date of your Form 943. File 2010 tax return turbotax You may pay the shortfall with your Form 943 even if the amount is $2,500 or more. File 2010 tax return turbotax Semiweekly Schedule Depositor—Deposit by the earlier of (a) the first Wednesday or Friday (whichever comes first) that falls on or after the 15th of the month following the month in which the shortfall occurred, or (b) the due date for Form 943. File 2010 tax return turbotax For example, if a semiweekly schedule depositor has a deposit shortfall during February 2014, the shortfall makeup date is March 19, 2014 (Wednesday). File 2010 tax return turbotax How To Deposit You must deposit employment taxes by electronic funds transfer. File 2010 tax return turbotax See Payment with return , earlier in this section, for exceptions explaining when taxes may be paid with the tax return instead of being deposited. File 2010 tax return turbotax Electronic deposit requirement. File 2010 tax return turbotax   You must use electronic funds transfer to make all federal tax deposits (such as deposits of employment tax, excise tax, and corporate income tax). File 2010 tax return turbotax Generally, electronic funds transfers are made using the Electronic Federal Tax Payment System (EFTPS). File 2010 tax return turbotax If you do not want to use EFTPS, you can arrange for your tax professional, financial institution, payroll service, or other trusted third party to make electronic deposits on your behalf. File 2010 tax return turbotax   EFTPS is a free service provided by the Department of Treasury. File 2010 tax return turbotax To get more information or to enroll in EFTPS, call 1-800-555-4477 (business), 1-800-316-6541 (individual), or 1-800-733-4829 (TDD). File 2010 tax return turbotax You can also visit the EFTPS website at www. File 2010 tax return turbotax eftps. File 2010 tax return turbotax gov. File 2010 tax return turbotax Additional information about EFTPS is also available in Publication 966. File 2010 tax return turbotax New employers that have a federal tax obligation will be pre-enrolled in EFTPS. File 2010 tax return turbotax Call the toll-free number located in your Employer Identification Number (EIN) Package to activate your enrollment and begin making your tax deposit payments. File 2010 tax return turbotax See When you receive your EIN in section 1 for more information. File 2010 tax return turbotax Deposit record. File 2010 tax return turbotax   For your records, an Electronic Funds Transfer (EFT) Trace Number will be provided with each successful payment. File 2010 tax return turbotax The number can be used as a receipt or to trace the payment. File 2010 tax return turbotax Depositing on time. File 2010 tax return turbotax   For deposits made by EFTPS to be on time, you must initiate the deposit by 8 p. File 2010 tax return turbotax m. File 2010 tax return turbotax Eastern time the day before the date a deposit is due. File 2010 tax return turbotax If you use a third party to make a deposit on your behalf, they may have different cutoff times. File 2010 tax return turbotax Same-day payment option. File 2010 tax return turbotax   If you fail to initiate a deposit transaction on EFTPS by 8 p. File 2010 tax return turbotax m. File 2010 tax return turbotax Eastern time the day before the date a deposit is due, you can still make your deposit on time by using the Federal Tax Application (FTA). File 2010 tax return turbotax To use the same-day payment method, you will need to make arrangements with your financial institution ahead of time. File 2010 tax return turbotax Please check with your financial institution regarding availability, deadlines, and costs. File 2010 tax return turbotax Your financial institution may charge you a fee for payments made this way. File 2010 tax return turbotax To learn more about the information you will need to provide to your financial institution to make a same-day wire payment, visit www. File 2010 tax return turbotax eftps. File 2010 tax return turbotax gov to download the Same-Day Payment Worksheet. File 2010 tax return turbotax Deposit Penalties Penalties may apply if you do not make required deposits on time or if you make deposits for less than the required amount. File 2010 tax return turbotax The penalties do not apply if any failure to make a proper and timely deposit was due to reasonable cause and not to willful neglect. File 2010 tax return turbotax IRS may also waive deposit penalties if you inadvertently fail to deposit in the first quarter that a deposit is due, or the first quarter during which your frequency of deposits changed, if you timely filed your employment tax return. File 2010 tax return turbotax For amounts not properly deposited or not deposited on time, the penalty rates are shown next. File 2010 tax return turbotax Penalty Charged for. File 2010 tax return turbotax . File 2010 tax return turbotax . File 2010 tax return turbotax 2% Deposits made 1 to 5 days late. File 2010 tax return turbotax 5% Deposits made 6 to 15 days late. File 2010 tax return turbotax 10% Deposits made 16 or more days late. File 2010 tax return turbotax Also applies to amounts paid within 10 days of the date of the first notice the IRS sent asking for the tax due. File 2010 tax return turbotax 10% Amounts (that should have been deposited) paid directly to the IRS or paid with your tax return. File 2010 tax return turbotax See Payment with return , earlier in this section, for exceptions. File 2010 tax return turbotax 15% Amounts still unpaid more than 10 days after the date of the first notice that the IRS sent asking for the tax due or the day on which you received notice and demand for immediate payment, whichever is earlier. File 2010 tax return turbotax Late deposit penalty amounts are determined using calendar days, starting from the due date of the liability. File 2010 tax return turbotax Order in which deposits are applied. File 2010 tax return turbotax   Deposits generally are applied to the most recent tax liability within the year. File 2010 tax return turbotax If you receive a failure-to-deposit penalty notice, you may designate how your deposits are to be applied in order to minimize the amount of the penalty, if you do so within 90 days of the date of the notice. File 2010 tax return turbotax Follow the instructions on the penalty notice that you received. File 2010 tax return turbotax For examples on how the IRS will apply deposits and more information on designating deposits, see Revenue Procedure 2001-58. File 2010 tax return turbotax You can find Revenue Procedure 2001-58 on page 579 of Internal Revenue Bulletin 2001-50 at www. File 2010 tax return turbotax irs. File 2010 tax return turbotax gov/pub/irs-irbs/irb01-50. File 2010 tax return turbotax pdf. File 2010 tax return turbotax Example. File 2010 tax return turbotax Cedar, Inc. File 2010 tax return turbotax , is required to make a deposit of $1,000 on July 15 and $1,500 on August 15. File 2010 tax return turbotax It does not make the deposit on July 15. File 2010 tax return turbotax On August 15, Cedar, Inc. File 2010 tax return turbotax , deposits $2,000. File 2010 tax return turbotax Under the deposits rule, which applies deposits to the most recent tax liability, $1,500 of the deposit is applied to the August 15 deposit and the remaining $500 is applied to the July deposit. File 2010 tax return turbotax Accordingly, $500 of the July 15 liability remains undeposited. File 2010 tax return turbotax The penalty on this underdeposit will apply as explained above. File 2010 tax return turbotax Trust fund recovery penalty. File 2010 tax return turbotax   If federal income, social security, or Medicare taxes that must be withheld are not withheld or are not deposited or paid to the United States Treasury, the trust fund recovery penalty may apply. File 2010 tax return turbotax The penalty is the full amount of the unpaid trust fund tax. File 2010 tax return turbotax This penalty may apply to you if these unpaid taxes cannot be immediately collected from the employer or business. File 2010 tax return turbotax   The trust fund recovery penalty may be imposed on all persons who are determined by the IRS to be responsible for collecting, accounting for, and paying over these taxes, and who acted willfully in not doing so. File 2010 tax return turbotax   A responsible person can be an officer or employee of a corporation, a partner or employee of a partnership, an accountant, a volunteer director/trustee, or an employee of a sole proprietorship. File 2010 tax return turbotax A responsible person also may include one who signs checks for the business or otherwise has authority to cause the spending of business funds. File 2010 tax return turbotax    Willfully means voluntarily, consciously, and intentionally. File 2010 tax return turbotax A responsible person acts willfully if the person knows that the required actions of collecting, accounting for or paying over trust fund taxes are not taking place, or recklessly disregards obvious and known risks to the government's right to receive trust fund taxes. File 2010 tax return turbotax “Average” failure-to-deposit penalty. File 2010 tax return turbotax   IRS may assess an “averaged” failure-to-deposit penalty of 2% to 10% if you are a monthly schedule depositor and did not properly complete Form 943, line 17, when your tax liability shown on Form 943, line 11, was $2,500 or more. File 2010 tax return turbotax IRS may also assess this penalty of 2% to 10% if you are a semiweekly schedule depositor and your tax liability shown on Form 943, line 11, was $2,500 or more and you did any of the following. File 2010 tax return turbotax Completed Form 943, line 17, instead of Form 943-A. File 2010 tax return turbotax Failed to attach a properly completed Form 943-A. File 2010 tax return turbotax Completed Form 943-A incorrectly, for example, by entering tax deposits instead of tax liabilities in the numbered spaces. File 2010 tax return turbotax   IRS figures the penalty by allocating your tax liability on Form 943, line 11, equally throughout the tax period. File 2010 tax return turbotax Your deposits and payments may not be counted as timely because IRS does not know the actual dates of your tax liabilities. File 2010 tax return turbotax   You can avoid the penalty by reviewing your return before filing it. File 2010 tax return turbotax Follow these steps before filing your Form 943. File 2010 tax return turbotax If you are a monthly schedule depositor, report your tax liabilities (not your deposits) in the monthly entry spaces on Form 943, line 17. File 2010 tax return turbotax If you are a semiweekly schedule depositor, report your tax liabilities (not your deposits) on Form 943-A in the lines that represent the dates you paid your employees. File 2010 tax return turbotax Verify that your total liability shown on Form 943, line 17, or Form 943-A, line M, equals your tax liability shown on Form 943, line 11. File 2010 tax return turbotax Do not show negative amounts on Form 943, line 17, or Form 943-A. File 2010 tax return turbotax For prior period errors discovered after December 31, 2008, do not adjust your tax liabilities reported on Form 943, line 17, or on Form 943-A. File 2010 tax return turbotax Employers of Both Farm and Nonfarm Workers If you employ both farm and nonfarm workers, you must treat employment taxes for the farmworkers (Form 943 taxes) separately from employment taxes for the nonfarm workers (Form 941 and 944 taxes). File 2010 tax return turbotax Form 943 taxes and Form 941/944 taxes are not combined for purposes of applying any of the deposit schedule rules. File 2010 tax return turbotax If a deposit is due, deposi
Español

Contact the Agency or Department

The File 2010 Tax Return Turbotax

File 2010 tax return turbotax Index Symbols 10% additional tax, Early Distributions Tax, Age 59½ Rule, Additional 10% tax 2-year rule SIMPLE IRAs, Two-year rule. File 2010 tax return turbotax 20% withholding, Other withholding rules. File 2010 tax return turbotax 5-year rule, 5-year rule. File 2010 tax return turbotax , Death before required beginning date. File 2010 tax return turbotax 6% excise tax on excess contributions to Roth IRAs, What if You Contribute Too Much? 60-day period for rollovers, Time Limit for Making a Rollover Contribution A Account balance, IRA account balance. File 2010 tax return turbotax Additional taxes, What Acts Result in Penalties or Additional Taxes?, Additional 10% tax (see also Penalties) Reporting, Reporting Additional Taxes Adjusted gross income (AGI), Modified adjusted gross income (AGI). File 2010 tax return turbotax , Modified AGI. File 2010 tax return turbotax (see also Modified adjusted gross income (AGI)) Retirement savings contributions credit, Adjusted gross income. File 2010 tax return turbotax Age 50 Contributions, General Limit Age 59 1/2 rule, Age 59½ Rule Age 70 1/2 rule, Age 70½ rule. File 2010 tax return turbotax Required minimum distributions, Distributions after the required beginning date. File 2010 tax return turbotax Age limit Traditional IRA, When Can Contributions Be Made? Airline payments, Rollover of Airline Payments Alimony, Alimony and separate maintenance. File 2010 tax return turbotax Annuity contracts, Annuity or endowment contracts. File 2010 tax return turbotax Borrowing on, Borrowing on an annuity contract. File 2010 tax return turbotax Distribution from insurance company, Annuity distributions from an insurance company. File 2010 tax return turbotax Distribution from IRA account, Distribution of an annuity contract from your IRA account. File 2010 tax return turbotax Early distributions, Annuity. File 2010 tax return turbotax Assistance (see Tax help) B Basis Inherited IRAs, IRA with basis. File 2010 tax return turbotax Roth IRAs, Basis of distributed property. File 2010 tax return turbotax Traditional IRAs, Cost basis. File 2010 tax return turbotax Beginning date, required, Distributions after the required beginning date. File 2010 tax return turbotax Beneficiaries, IRA Beneficiaries, Death before required beginning date. File 2010 tax return turbotax Change of, Change of beneficiary. File 2010 tax return turbotax Death of beneficiary, Death of a beneficiary. File 2010 tax return turbotax Early distributions to, Beneficiary. File 2010 tax return turbotax Individual as, Beneficiary an individual. File 2010 tax return turbotax More than one, More than one beneficiary. File 2010 tax return turbotax , Multiple individual beneficiaries. File 2010 tax return turbotax Not an individual, Beneficiary not an individual. File 2010 tax return turbotax Roth IRAs, Distributions to beneficiaries. File 2010 tax return turbotax Sole beneficiary spouse more than 10 years younger, Sole beneficiary spouse who is more than 10 years younger. File 2010 tax return turbotax Bond purchase plans Rollovers from, Rollover from bond purchase plan. File 2010 tax return turbotax Bonds, retirement (see Individual retirement bonds) Broker's commissions, Brokers' commissions. File 2010 tax return turbotax , Brokers' commissions. File 2010 tax return turbotax C Change in marital status, Change in marital status. File 2010 tax return turbotax Change of beneficiary, Change of beneficiary. File 2010 tax return turbotax Charitable distributions, qualified, Qualified charitable distributions. File 2010 tax return turbotax Collectibles, Investment in Collectibles, Collectibles. File 2010 tax return turbotax Community property, Community property laws. File 2010 tax return turbotax Compensation Alimony, Alimony and separate maintenance. File 2010 tax return turbotax Defined, What Is Compensation? Nontaxable combat pay, Nontaxable combat pay. File 2010 tax return turbotax Self-employment, Self-employment loss. File 2010 tax return turbotax Wages, salaries, etc. File 2010 tax return turbotax , Wages, salaries, etc. File 2010 tax return turbotax Conduit IRAs, IRA as a holding account (conduit IRA) for rollovers to other eligible plans. File 2010 tax return turbotax Contribution limits More than one IRA, More than one IRA. File 2010 tax return turbotax Contributions Designating the year, Designating year for which contribution is made. File 2010 tax return turbotax Distributions in same year as, Both contributions for 2013 and distributions in 2013. File 2010 tax return turbotax Excess (see Excess contributions) Less than maximum, Less Than Maximum Contributions Matching (SIMPLE), Matching contributions. File 2010 tax return turbotax Nondeductible (see Nondeductible contributions) Not required, Contributions not required. File 2010 tax return turbotax Qualified reservist repayments, Qualified reservist repayments. File 2010 tax return turbotax Recharacterizing (see Recharacterization) Retirement savings contributions credit, Eligible contributions. File 2010 tax return turbotax Roth IRAs, Can You Contribute to a Roth IRA?, Applying excess contributions. File 2010 tax return turbotax SIMPLE plans, How Are Contributions Made?, How Much Can Be Contributed on Your Behalf? Traditional IRAs, How Much Can Be Contributed?, More Than Maximum Contributions When to contribute, When Can Contributions Be Made? Withdrawing before due date of return, Contributions Returned Before Due Date of Return Conversions From SIMPLE IRAs, Converting from a SIMPLE IRA. File 2010 tax return turbotax To Roth IRAs, Conversions Credits Retirement savings contributions credit, Retirement Savings Contributions Credit (Saver's Credit), How to figure and report the credit. File 2010 tax return turbotax D Death of beneficiary, Death of a beneficiary. File 2010 tax return turbotax Deductions Figuring reduced IRA deduction, How To Figure Your Reduced IRA Deduction Phaseout, Deduction Phaseout Traditional IRAs, How Much Can You Deduct?, Examples — Worksheet for Reduced IRA Deduction for 2013 Deemed IRAs, Reminders, Reminders Defined benefit plans, Defined benefit plan. File 2010 tax return turbotax Defined contribution plans, Defined contribution plan. File 2010 tax return turbotax Disabilities, persons with Early distributions to, Disabled. File 2010 tax return turbotax Distributions After required beginning date, Distributions after the required beginning date. File 2010 tax return turbotax Age 59 1/2 rule, Age 59½ Rule Beneficiaries (see Beneficiaries) Contributions in same year as, Both contributions for 2013 and distributions in 2013. File 2010 tax return turbotax Delivered outside U. File 2010 tax return turbotax S. File 2010 tax return turbotax , IRA distributions delivered outside the United States. File 2010 tax return turbotax Figuring nontaxable and taxable amounts, Figuring the Nontaxable and Taxable Amounts From individual retirement accounts, Distributions from individual retirement account. File 2010 tax return turbotax From individual retirement annuities, Distributions from individual retirement annuities. File 2010 tax return turbotax Fully or partly taxable, Distributions Fully or Partly Taxable Income from, Income from IRA distributions. File 2010 tax return turbotax Inherited IRAs (see Inherited IRAs) Insufficient, Excess Accumulations (Insufficient Distributions) Qualified charitable, Qualified charitable distributions. File 2010 tax return turbotax Qualified HSA funding, One-time qualified HSA funding distribution. File 2010 tax return turbotax Qualified reservist, Qualified reservist distributions. File 2010 tax return turbotax Roth IRAs, Are Distributions Taxable?, How Do You Figure the Taxable Part? Ordering rules for, Ordering Rules for Distributions Recapture amount, Figuring your recapture amount. File 2010 tax return turbotax SIMPLE IRAs, Are Distributions Taxable? Taxable status of, Are Distributions Taxable? Divorce Rollovers by former spouse, Distributions under divorce or similar proceedings (alternate payees). File 2010 tax return turbotax Transfers incident to, Transfers Incident To Divorce E Early distributions, What Acts Result in Penalties or Additional Taxes?, Early Distributions, Nondeductible contributions. File 2010 tax return turbotax (see also Penalties) Age 59 1/2 rule, Age 59½ Rule Defined, Early distributions defined. File 2010 tax return turbotax Disability exception, Disabled. File 2010 tax return turbotax First-time homebuyers, exception, First home. File 2010 tax return turbotax Higher education expenses, exception, Higher education expenses. File 2010 tax return turbotax Medical insurance, exception, Medical insurance. File 2010 tax return turbotax Roth IRAs, Additional Tax on Early Distributions SIMPLE IRAs, Additional Tax on Early Distributions Tax, Early Distributions Tax Unreimbursed medical expenses, exception, Unreimbursed medical expenses. File 2010 tax return turbotax Education expenses, Higher education expenses. File 2010 tax return turbotax Employer and employee association trust accounts, Employer and Employee Association Trust Accounts Employer plans Covered by, Covered by an employer retirement plan. File 2010 tax return turbotax Year(s) covered, For Which Year(s) Are You Covered? Employer retirement plans, Are You Covered by an Employer Plan? Defined benefit plans, Defined benefit plan. File 2010 tax return turbotax Defined contribution plans, Defined contribution plan. File 2010 tax return turbotax Effect of modified AGI on deduction (Table 1-2), Table 1-2. File 2010 tax return turbotax Effect of Modified AGI1 on Deduction if You Are Covered by a Retirement Plan at Work Limit if covered by, Limit if Covered by Employer Plan Prohibited transactions, Trust account set up by an employer or an employee association. File 2010 tax return turbotax Endowment contracts (see Annuity contracts) Estate tax, Estate tax. File 2010 tax return turbotax Deduction for inherited IRAs, Federal estate tax deduction. File 2010 tax return turbotax Excess accumulations, Excess Accumulations (Insufficient Distributions), Make up of shortfall in distribution. File 2010 tax return turbotax Roth IRAs, Distributions After Owner's Death Excess contributions, Excess Contributions Closed tax year, Closed tax year. File 2010 tax return turbotax Deducted in earlier year, Excess contribution deducted in an earlier year. File 2010 tax return turbotax Deducting in a later year, Deducting an Excess Contribution in a Later Year Due to incorrect rollover information, Excess due to incorrect rollover information. File 2010 tax return turbotax Recharacterizing, Recharacterizing excess contributions. File 2010 tax return turbotax Roth IRAs, What if You Contribute Too Much? Tax, Excess Contributions Tax Withdrawn after due date of return, Excess Contributions Withdrawn After Due Date of Return Withdrawn by due date of return, Excess Contributions Withdrawn by Due Date of Return Exempt transactions, Exempt Transactions Exxon Valdez settlement income, Rollover of Exxon Valdez Settlement Income , Rollover of Exxon Valdez Settlement Income F Failed financial institutions, Failed financial institutions. File 2010 tax return turbotax Federal judges, Federal judges. File 2010 tax return turbotax Fiduciaries Prohibited transactions, Fiduciary. File 2010 tax return turbotax Filing before IRA contribution is made, Filing before a contribution is made. File 2010 tax return turbotax Filing status, Filing Status Deduction phaseout and, Filing status. File 2010 tax return turbotax Firefighters, volunteer, Volunteer firefighters. File 2010 tax return turbotax First-time homebuyers, First home. File 2010 tax return turbotax Five-year rule (see 5-year rule) Form 1040 Modified AGI calculation from, Form 1040. File 2010 tax return turbotax , Form 1040NR. File 2010 tax return turbotax Form 1040A Modified AGI calculation from, Form 1040A. File 2010 tax return turbotax Form 1099-R, Reporting and Withholding Requirements for Taxable Amounts Distribution code 1 used on, Form 5329 not required. File 2010 tax return turbotax Letter codes used on, Letter codes. File 2010 tax return turbotax Number codes used on, Number codes. File 2010 tax return turbotax Withdrawal of excess contribution, Form 1099-R. File 2010 tax return turbotax Form 5329, Additional 10% tax, Reporting the tax. File 2010 tax return turbotax , Reporting Additional Taxes Recapture tax, Recapture tax for changes in distribution method under equal payment exception. File 2010 tax return turbotax Form 8606, Form 8606. File 2010 tax return turbotax , Form 8606. File 2010 tax return turbotax , Reporting your nontaxable distribution on Form 8606. File 2010 tax return turbotax , Figuring the Nontaxable and Taxable Amounts Failure to file, penalty, Penalty for failure to file Form 8606. File 2010 tax return turbotax Form 8880, How to figure and report the credit. File 2010 tax return turbotax Form W-2 Employer retirement plans, Are You Covered by an Employer Plan? Free tax services, Free help with your tax return. File 2010 tax return turbotax Frozen deposits, Frozen deposit. File 2010 tax return turbotax Full-time student Retirement savings contributions credit, Full-time student. File 2010 tax return turbotax H Help (see Tax help) Higher education expenses, Higher education expenses. File 2010 tax return turbotax How to Set up an IRA, How Can a Traditional IRA Be Opened? Treat withdrawn contributions, How to treat withdrawn contributions. File 2010 tax return turbotax HSA funding distributions, qualified, One-time qualified HSA funding distribution. File 2010 tax return turbotax I Individual retirement accounts, Individual Retirement Account Distributions from, Distributions from individual retirement account. File 2010 tax return turbotax Individual retirement annuities, Individual Retirement Annuity Distributions from, Distributions from individual retirement annuities. File 2010 tax return turbotax Individual retirement arrangements (IRAs) How to set up, How Can a Traditional IRA Be Opened? When to set up, When Can a Traditional IRA Be Opened? Individual retirement bonds, Individual Retirement Bonds Cashing in, Cashing in retirement bonds. File 2010 tax return turbotax Inherited IRAs, What if You Inherit an IRA?, More information. File 2010 tax return turbotax Rollovers, Inherited IRAs. File 2010 tax return turbotax Insufficient distributions, Excess Accumulations (Insufficient Distributions) Interest on IRA, Reminders Investment in collectibles Collectibles defined, Collectibles. File 2010 tax return turbotax Exception, Exception. File 2010 tax return turbotax K Kay Bailey Hutchison Spousal IRAs Contribution limits, Kay Bailey Hutchison Spousal IRA Limit Deductions, Kay Bailey Hutchison Spousal IRA. File 2010 tax return turbotax Roth IRA contribution limits, Can you contribute to a Roth IRA for your spouse? Keogh plans Rollovers from, Keogh plans and rollovers. File 2010 tax return turbotax L Last-in first-out rule, Last-in first-out rule. File 2010 tax return turbotax Life expectancy, Life expectancy. File 2010 tax return turbotax Life insurance, Life insurance contract. File 2010 tax return turbotax Losses Roth IRAs, Recognizing Losses on Investments Traditional IRAs, Recognizing Losses on Traditional IRA Investments M Marital status, change in, Change in marital status. File 2010 tax return turbotax Matching contributions (SIMPLE), Matching contributions. File 2010 tax return turbotax Medical expenses, unreimbursed, Unreimbursed medical expenses. File 2010 tax return turbotax Medical insurance, Medical insurance. File 2010 tax return turbotax Military death gratuities, Military Death Gratuities and Servicemembers' Group Life Insurance (SGLI) Payments Minimum distribution (see Required minimum distribution) Missing children, photographs of, Reminders Modified adjusted gross income (AGI) Employer retirement plan coverage and deduction (Table 1-2), Table 1-2. File 2010 tax return turbotax Effect of Modified AGI1 on Deduction if You Are Covered by a Retirement Plan at Work Figuring (Worksheet 1-1), Worksheet 1-1. File 2010 tax return turbotax Figuring Your Modified AGI No employer retirement plan coverage and deduction (Table 1-3), Table 1-3. File 2010 tax return turbotax Effect of Modified AGI1 on Deduction if You Are NOT Covered by a Retirement Plan at Work Roth IRAs, Modified AGI. File 2010 tax return turbotax Effect on contribution amount (Table 2-1), Table 2-1. File 2010 tax return turbotax Effect of Modified AGI on Roth IRA Contribution More than one beneficiary, More than one beneficiary. File 2010 tax return turbotax More than one IRA, More than one IRA. File 2010 tax return turbotax Recharacterization, More than one IRA. File 2010 tax return turbotax Required minimum distribution, More than one IRA. File 2010 tax return turbotax N Nondeductible contributions, Nondeductible Contributions, Nondeductible contributions. File 2010 tax return turbotax Failure to report, Failure to report nondeductible contributions. File 2010 tax return turbotax Overstatement penalty, Penalty for overstatement. File 2010 tax return turbotax Notice Qualified employer plan to provide prior to rollover distribution, Written explanation to recipients. File 2010 tax return turbotax Rollovers, Rollover notice. File 2010 tax return turbotax P Partial rollovers, Partial rollovers. File 2010 tax return turbotax , Partial rollover. File 2010 tax return turbotax Penalties, What Acts Result in Penalties or Additional Taxes?, Form 5329 not required. File 2010 tax return turbotax Early distributions, Early Distributions, Nondeductible contributions. File 2010 tax return turbotax Excess accumulations, Excess Accumulations (Insufficient Distributions), Make up of shortfall in distribution. File 2010 tax return turbotax Excess contributions, Excess Contributions Roth IRAs, What if You Contribute Too Much? Exempt transactions, Exempt Transactions, Services received at reduced or no cost. File 2010 tax return turbotax Failure to file Form 8606, Penalty for failure to file Form 8606. File 2010 tax return turbotax Overstatement of nondeductible contributions, Penalty for overstatement. File 2010 tax return turbotax Prohibited transactions, Prohibited Transactions, Services received at reduced or no cost. File 2010 tax return turbotax Reporting, Reporting Additional Taxes SIMPLE IRAs, Additional Tax on Early Distributions Phaseout of deduction, Deduction Phaseout Pledging account as security, Pledging an account as security. File 2010 tax return turbotax Prohibited transactions, Prohibited Transactions, Services received at reduced or no cost. File 2010 tax return turbotax Taxes on, Taxes on prohibited transactions. File 2010 tax return turbotax Publications (see Tax help) Q Qualified charitable distributions, Qualified charitable distributions. File 2010 tax return turbotax Qualified domestic relations orders (QDROs), Qualified domestic relations order. File 2010 tax return turbotax Qualified settlement income, Rollover of Exxon Valdez Settlement Income , Rollover of Exxon Valdez Settlement Income R Recapture tax Changes in distribution method, Recapture tax for changes in distribution method under equal payment exception. File 2010 tax return turbotax Receivership distributions, Receivership distributions. File 2010 tax return turbotax Recharacterization, Recharacterizations, More than one IRA. File 2010 tax return turbotax Determining amount of net income due to contribution and total amount to be recharacterized (Worksheet 1-3), Worksheet 1-3. File 2010 tax return turbotax Determining the Amount of Net Income Due To an IRA Contribution and Total Amount To Be Recharacterized Reporting, Reporting a Recharacterization SIMPLE employer contributions, Recharacterizing employer contributions. File 2010 tax return turbotax Timing of, Timing. File 2010 tax return turbotax Reconversion, Reconversions Recordkeeping requirements Traditional IRAs, Nondeductible Contributions Reporting Additional taxes, Reporting Additional Taxes Deductible contributions, Reporting Deductible Contributions Nontaxable distribution on Form 8606, Reporting your nontaxable distribution on Form 8606. File 2010 tax return turbotax Recharacterization, Reporting a Recharacterization Rollovers From employer plans, Reporting rollovers from employer plans. File 2010 tax return turbotax From IRAs, Reporting rollovers from IRAs. File 2010 tax return turbotax Taxable amounts, Reporting and Withholding Requirements for Taxable Amounts Taxable distributions, Reporting taxable distributions on your return. File 2010 tax return turbotax Required beginning date, Distributions after the required beginning date. File 2010 tax return turbotax Required minimum distribution, Reminders, When Must You Withdraw Assets? (Required Minimum Distributions), Annuity distributions from an insurance company. File 2010 tax return turbotax Distribution period, Distribution period. File 2010 tax return turbotax During lifetime, Distributions during your lifetime. File 2010 tax return turbotax Figuring, Figuring the Owner's Required Minimum Distribution For beneficiary, Figuring the Beneficiary's Required Minimum Distribution Table to use, Which Table Do You Use To Determine Your Required Minimum Distribution? In year of owner's death, Distributions in the year of the owner's death. File 2010 tax return turbotax Installments allowed, Installments allowed. File 2010 tax return turbotax More than one IRA, More than one IRA. File 2010 tax return turbotax Sole beneficiary spouse who is more than 10 years younger, Sole beneficiary spouse who is more than 10 years younger. File 2010 tax return turbotax Reservists, Reservists. File 2010 tax return turbotax Qualified reservist distribution, Qualified reservist distributions. File 2010 tax return turbotax Qualified reservist repayments, Qualified reservist repayments. File 2010 tax return turbotax Retirement bonds (see Individual retirement bonds) Retirement savings contributions credit, Retirement Savings Contributions Credit (Saver's Credit), How to figure and report the credit. File 2010 tax return turbotax Rollovers, Rollovers, Reporting rollovers from employer plans. File 2010 tax return turbotax Airline payments, Rollover of Airline Payments Amount, Amount. File 2010 tax return turbotax Choosing an option (Table 1-5), Table 1-5. File 2010 tax return turbotax Comparison of Payment to You Versus Direct Rollover Completed after 60-day period, Rollovers completed after the 60-day period. File 2010 tax return turbotax Conduit IRAs, IRA as a holding account (conduit IRA) for rollovers to other eligible plans. File 2010 tax return turbotax Direct rollover option, Direct rollover option. File 2010 tax return turbotax Extension of period, Extension of rollover period. File 2010 tax return turbotax From bond purchase plan, Rollover from bond purchase plan. File 2010 tax return turbotax From employer's plan into a Roth IRA, Rollover From Employer's Plan Into a Roth IRA From employer's plan into an IRA, Rollover From Employer's Plan Into an IRA From Keogh plans, Keogh plans and rollovers. File 2010 tax return turbotax From one IRA into another, Rollover From One IRA Into Another From Roth IRAs, Rollover From a Roth IRA From traditional IRA, Kinds of rollovers from a traditional IRA. File 2010 tax return turbotax Inherited IRAs, Inherited IRAs. File 2010 tax return turbotax Nonspouse beneficiary, Rollover by nonspouse beneficiary. File 2010 tax return turbotax Notice, Rollover notice. File 2010 tax return turbotax Partial, Partial rollovers. File 2010 tax return turbotax , Partial rollover. File 2010 tax return turbotax SIMPLE IRAs, Rollovers and Transfers Exception Tax treatment of rollover from traditional IRA to eligible retirement plan other than an IRA, Tax treatment of a rollover from a traditional IRA to an eligible retirement plan other than an IRA. File 2010 tax return turbotax Time limit, Time Limit for Making a Rollover Contribution To Roth IRAs, Conversion methods. File 2010 tax return turbotax To traditional IRA, Kinds of rollovers to a traditional IRA. File 2010 tax return turbotax Waiting period between, Waiting period between rollovers. File 2010 tax return turbotax , No waiting period between rollovers. File 2010 tax return turbotax Withholding (see Withholding) Roth IRAs, Roth IRAs, Distributions After Owner's Death Age limit, Is there an age limit for contributions? Contribution limit reduced, Contribution limit reduced. File 2010 tax return turbotax Contributions, Can You Contribute to a Roth IRA?, Applying excess contributions. File 2010 tax return turbotax Timing of, When Can You Make Contributions? To traditional IRAs and to Roth IRAs, Roth IRAs and traditional IRAs. File 2010 tax return turbotax Conversion, Converting From Any Traditional IRA Into a Roth IRA, Conversion by rollover from traditional to Roth IRA. File 2010 tax return turbotax , Recharacterizing to a SEP IRA or SIMPLE IRA. File 2010 tax return turbotax , Conversions Defined, What Is a Roth IRA? Distributions, Are Distributions Taxable?, How Do You Figure the Taxable Part? After death of owner, Distributions After Owner's Death Insufficient, Distributions After Owner's Death Ordering rules for, Ordering Rules for Distributions Early distributions, Additional Tax on Early Distributions Excess accumulations, Distributions After Owner's Death Excess contributions, What if You Contribute Too Much? Figuring taxable part, How Do You Figure the Taxable Part? Losses, Recognizing Losses on Investments Modified AGI Effect on contribution amount (Table 2-1), Table 2-1. File 2010 tax return turbotax Effect of Modified AGI on Roth IRA Contribution Figuring (Worksheet 2-1), Worksheet 2-1. File 2010 tax return turbotax Modified Adjusted Gross Income for Roth IRA Purposes Rollovers from, Rollover From a Roth IRA Setting up, When Can a Roth IRA Be Opened? Spouse, Can you contribute to a Roth IRA for your spouse? Traditional IRAs converted into, Converting From Any Traditional IRA Into a Roth IRA Withdrawing or using assets, Must You Withdraw or Use Assets? S Salary reduction arrangement, What Is a SIMPLE Plan? Savings Incentive Match Plans for Employees (see SIMPLE IRAs) Section 501(c)(18) plan, General Limit, Kay Bailey Hutchison Spousal IRA Limit Self-employed persons Deductible contributions, Self-employed. File 2010 tax return turbotax Income of, Self-employment income. File 2010 tax return turbotax SIMPLE plans, Self-employed individual. File 2010 tax return turbotax SEP IRAs Recharacterizing to, Recharacterizing to a SEP IRA or SIMPLE IRA. File 2010 tax return turbotax Separated taxpayers Filing status of, Lived apart from spouse. File 2010 tax return turbotax Servicemembers group life insurance, Military Death Gratuities and Servicemembers' Group Life Insurance (SGLI) Payments Services received at reduced or no cost, Services received at reduced or no cost. File 2010 tax return turbotax SIMPLE IRAs, Savings Incentive Match Plans for Employees (SIMPLE), Two-year rule. File 2010 tax return turbotax Contributions, How Are Contributions Made?, How Much Can Be Contributed on Your Behalf? Conversion from, Converting from a SIMPLE IRA. File 2010 tax return turbotax Distributions, Are Distributions Taxable? Early distributions, , Additional Tax on Early Distributions Eligible employees, Eligible Employees Penalties, Additional Tax on Early Distributions Recharacterizing to, Recharacterizing to a SEP IRA or SIMPLE IRA. File 2010 tax return turbotax Rollovers, Rollovers and Transfers Exception Salary reduction contribution limits, Salary reduction contributions limit. File 2010 tax return turbotax Self-employed persons, Self-employed individual. File 2010 tax return turbotax SIMPLE plan, defined, What Is a SIMPLE Plan? Traditional IRA, mistakenly moved to, Traditional IRA mistakenly moved to SIMPLE IRA. File 2010 tax return turbotax , Traditional IRA mistakenly moved to SIMPLE IRA. File 2010 tax return turbotax Two-year rule, Two-year rule. File 2010 tax return turbotax Withdrawing or using assets, When Can You Withdraw or Use Assets? Simplified employee pensions (SEPs), Simplified Employee Pension (SEP) Social Security recipients, Social Security Recipients Spousal IRAs (see Kay Bailey Hutchison Spousal IRAs or Inherited IRAs) Students Education expenses, Higher education expenses. File 2010 tax return turbotax Retirement savings contributions credit, Full-time student. File 2010 tax return turbotax Surviving spouse, Surviving spouse. File 2010 tax return turbotax , Surviving spouse. File 2010 tax return turbotax Rollovers by, Distributions received by a surviving spouse. File 2010 tax return turbotax T Tables Modified AGI Employer retirement plan coverage and deduction (Table 1-2), Table 1-2. File 2010 tax return turbotax Effect of Modified AGI1 on Deduction if You Are Covered by a Retirement Plan at Work No employer retirement plan coverage and deduction (Table 1-3), Table 1-3. File 2010 tax return turbotax Effect of Modified AGI1 on Deduction if You Are NOT Covered by a Retirement Plan at Work Roth IRAs, effect on contribution (Table 2-1), Table 2-1. File 2010 tax return turbotax Effect of Modified AGI on Roth IRA Contribution Rollover vs. File 2010 tax return turbotax direct payment to taxpayer (Table 1-5), Table 1-5. File 2010 tax return turbotax Comparison of Payment to You Versus Direct Rollover Using this publication (Table I-1), Table I-1. File 2010 tax return turbotax Using This Publication Tax advantages of IRAs, What are some tax advantages of an IRA? Tax credits Retirement savings contributions credit, Retirement Savings Contributions Credit (Saver's Credit), How to figure and report the credit. File 2010 tax return turbotax Tax help, How To Get Tax Help Tax year, Tax year. File 2010 tax return turbotax Tax-sheltered annuities Rollovers from, Distribution from a tax-sheltered annuity. File 2010 tax return turbotax Traditional IRAs, Traditional IRAs, Form 5329 not required. File 2010 tax return turbotax Age 59 1/2 rule, Age 59½ Rule Contribution limits, How Much Can Be Contributed?, More Than Maximum Contributions Contributions, How Much Can Be Contributed?, More Than Maximum Contributions Due date, Contributions must be made by due date. File 2010 tax return turbotax To Roth IRAs and to traditional IRAs, Roth IRAs and traditional IRAs. File 2010 tax return turbotax Converting into Roth IRA, Converting From Any Traditional IRA Into a Roth IRA Cost basis, Cost basis. File 2010 tax return turbotax Deductions, How Much Can You Deduct?, Examples — Worksheet for Reduced IRA Deduction for 2013 Defined, Introduction Disclosures, Required Disclosures Excess contributions, Excess Contributions Inherited IRAs, What if You Inherit an IRA?, More information. File 2010 tax return turbotax Loss of IRA status, Loss of IRA status. File 2010 tax return turbotax Losses, Recognizing Losses on Traditional IRA Investments Mistakenly moved to SIMPLE IRA, Traditional IRA mistakenly moved to SIMPLE IRA. File 2010 tax return turbotax , Traditional IRA mistakenly moved to SIMPLE IRA. File 2010 tax return turbotax Recordkeeping, Nondeductible Contributions Reduced IRA deduction for 2013, Examples — Worksheet for Reduced IRA Deduction for 2013 Rollovers (see Rollovers) Setting up, Who Can Open a Traditional IRA?, Required Disclosures Social Security recipients, Social Security Recipients Transfers, Can You Move Retirement Plan Assets? Types of, Kinds of traditional IRAs. File 2010 tax return turbotax Withdrawing or using assets, When Can You Withdraw or Use Assets?, Excess Contributions Tax Transfers, Can You Move Retirement Plan Assets? Divorce, Transfers Incident To Divorce To Roth IRAs, Transfers to Roth IRAs. File 2010 tax return turbotax , Can You Move Amounts Into a Roth IRA? Trustee to trustee, Trustee-to-Trustee Transfer, Conversion methods. File 2010 tax return turbotax Trustee-to-trustee transfers, Trustee-to-Trustee Transfer To Roth IRAs, Conversion methods. File 2010 tax return turbotax Trustees' fees, Trustees' fees. File 2010 tax return turbotax , Trustees' fees. File 2010 tax return turbotax Trusts As beneficiary, Trust as beneficiary. File 2010 tax return turbotax TTY/TDD information, How To Get Tax Help Two-year rule SIMPLE IRAs, Two-year rule. File 2010 tax return turbotax U Unreimbursed medical expenses, Unreimbursed medical expenses. File 2010 tax return turbotax V Volunteer firefighters, Volunteer firefighters. File 2010 tax return turbotax W Withdrawing or using assets Contribution withdrawal, before due date of return, Contributions Returned Before Due Date of Return Roth IRAs, Must You Withdraw or Use Assets? SIMPLE IRAs, When Can You Withdraw or Use Assets? Traditional IRAs, When Can You Withdraw or Use Assets?, Excess Contributions Tax Withholding, Reporting and Withholding Requirements for Taxable Amounts, Withholding. File 2010 tax return turbotax Direct rollover option, Withholding. File 2010 tax return turbotax Eligible rollover distribution paid to taxpayer, Withholding requirement. File 2010 tax return turbotax Worksheets Figuring amount of net income due to IRA contribution and total amount to be recharacterized (Worksheet 1-3), Worksheet 1-3. File 2010 tax return turbotax Determining the Amount of Net Income Due To an IRA Contribution and Total Amount To Be Recharacterized Figuring modified AGI (Worksheet 1-1), Worksheet 1-1. File 2010 tax return turbotax Figuring Your Modified AGI Roth IRAs Figuring modified AGI (Worksheet 2-1), Worksheet 2-1. File 2010 tax return turbotax Modified Adjusted Gross Income for Roth IRA Purposes Prev  Up     Home   More Online Publications