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File taxes for 2012 free Publication 514 - Main Content Table of Contents Choosing To Take Credit or DeductionChoice Applies to All Qualified Foreign Taxes Making or Changing Your Choice Why Choose the Credit?Credit for Taxes Paid or Accrued Foreign Currency and Exchange Rates Foreign Tax Redetermination Who Can Take the Credit?U. File taxes for 2012 free S. File taxes for 2012 free Citizens Resident Aliens Nonresident Aliens What Foreign Taxes Qualify for the Credit?Tax Must Be Imposed on You You Must Have Paid or Accrued the Tax Tax Must Be the Legal and Actual Foreign Tax Liability Tax Must Be an Income Tax (or Tax in Lieu of Income Tax) Foreign Taxes for Which You Cannot Take a CreditTaxes on Excluded Income Taxes for Which You Can Only Take an Itemized Deduction Taxes on Foreign Mineral Income Taxes From International Boycott Operations Taxes on Combined Foreign Oil and Gas Income Taxes of U. File taxes for 2012 free S. File taxes for 2012 free Persons Controlling Foreign Corporations and Partnerships Taxes Related to a Foreign Tax Credit Splitting Event How To Figure the CreditLimit on the Credit Separate Limit Income Allocation of Foreign Taxes Foreign Taxes From a Partnership or an S Corporation Figuring the Limit Qualified Dividends Capital Gains and Losses Allocation of Foreign and U. File taxes for 2012 free S. File taxes for 2012 free Losses Tax Treaties Carryback and CarryoverTime Limit on Tax Assessment Claim for Refund Taxes All Credited or All Deducted Married Couples How To Claim the CreditForm 1116 Records To Keep Simple Example — Filled-In Form 1116Part I—Taxable Income or Loss From Sources Outside the United States (for Category Checked Above) Part II—Foreign Taxes Paid or Accrued Part III—Figuring the Credit Part IV—Summary of Credits From Separate Parts III Comprehensive Example — Filled-In Form 1116Foreign earned income. File taxes for 2012 free Employee business expenses. File taxes for 2012 free Forms 1116 Computation of Taxable Income Part I—Taxable Income or Loss From Sources Outside the United States (for Category Checked Above) Part II—Foreign Taxes Paid or Accrued Part III—Figuring the Credit Part IV—Summary of Credits From Separate Parts III Unused Foreign Taxes How To Get Tax HelpLow Income Taxpayer Clinics Choosing To Take Credit or Deduction You can choose whether to take the amount of any qualified foreign taxes paid or accrued during the year as a foreign tax credit or as an itemized deduction. File taxes for 2012 free You can change your choice for each year's taxes. File taxes for 2012 free To choose the foreign tax credit, in most cases you must complete Form 1116 and attach it to your U. File taxes for 2012 free S. File taxes for 2012 free tax return. File taxes for 2012 free However, you may qualify for the exception that allows you to claim the foreign tax credit without using Form 1116. File taxes for 2012 free See How To Figure the Credit , later. File taxes for 2012 free To choose to claim the taxes as an itemized deduction, use Schedule A (Form 1040), Itemized Deductions. File taxes for 2012 free Figure your tax both ways—claiming the credit and claiming the deduction. File taxes for 2012 free Then fill out your return the way that benefits you more. File taxes for 2012 free See Why Choose the Credit, later. File taxes for 2012 free Choice Applies to All Qualified Foreign Taxes As a general rule, you must choose to take either a credit or a deduction for all qualified foreign taxes. File taxes for 2012 free If you choose to take a credit for qualified foreign taxes, you must take the credit for all of them. File taxes for 2012 free You cannot deduct any of them. File taxes for 2012 free Conversely, if you choose to deduct qualified foreign taxes, you must deduct all of them. File taxes for 2012 free You cannot take a credit for any of them. File taxes for 2012 free See What Foreign Taxes Qualify for the Credit , later, for the meaning of qualified foreign taxes. File taxes for 2012 free There are exceptions to this general rule, which are described next. File taxes for 2012 free Exceptions for foreign taxes not allowed as a credit. File taxes for 2012 free   Even if you claim a credit for other foreign taxes, you can deduct any foreign tax that is not allowed as a credit if: You paid the tax to a country for which a credit is not allowed because it provides support for acts of international terrorism, or because the United States does not have or does not conduct diplomatic relations with it or recognize its government and that government is not otherwise eligible to purchase defense articles or services under the Arms Export Control Act, You paid withholding tax on dividends from foreign corporations whose stock you did not hold for the required period of time, You paid withholding tax on income or gain (other than dividends) from property you did not hold for the required period of time, You paid withholding tax on income or gain to the extent you had to make related payments on positions in substantially similar or related property, You participated in or cooperated with an international boycott, You paid taxes in connection with the purchase or sale of oil or gas, or You paid or accrued taxes on income or gain in connection with a covered asset acquisition. File taxes for 2012 free Covered asset acquisitions include certain acquisitions that result in a stepped-up basis for U. File taxes for 2012 free S. File taxes for 2012 free tax purposes. File taxes for 2012 free For more information, see Internal Revenue Code section 901(m). File taxes for 2012 free The IRS intends to issue guidance that will explain this provision in greater detail. File taxes for 2012 free   For more information on these items, see Taxes for Which You Can Only Take an Itemized Deduction , later, under Foreign Taxes for Which You Cannot Take a Credit. File taxes for 2012 free Foreign taxes that are not income taxes. File taxes for 2012 free   In most cases, only foreign income taxes qualify for the foreign tax credit. File taxes for 2012 free Other taxes, such as foreign real and personal property taxes, do not qualify. File taxes for 2012 free But you may be able to deduct these other taxes even if you claim the foreign tax credit for foreign income taxes. File taxes for 2012 free   In most cases, you can deduct these other taxes only if they are expenses incurred in a trade or business or in the production of income. File taxes for 2012 free However, you can deduct foreign real property taxes that are not trade or business expenses as an itemized deduction on Schedule A (Form 1040). File taxes for 2012 free Carrybacks and carryovers. File taxes for 2012 free   There is a limit on the credit you can claim in a tax year. File taxes for 2012 free If your qualified foreign taxes exceed the credit limit, you may be able to carry over or carry back the excess to another tax year. File taxes for 2012 free If you deduct qualified foreign taxes in a tax year, you cannot use a carryback or carryover in that year. File taxes for 2012 free That is because you cannot take both a deduction and a credit for qualified foreign taxes in the same tax year. File taxes for 2012 free   For more information on the limit, see How To Figure the Credit , later. File taxes for 2012 free For more information on carrybacks and carryovers, see Carryback and Carryover , later. File taxes for 2012 free Making or Changing Your Choice You can make or change your choice to claim a deduction or credit at any time during the period within 10 years from the regular due date for filing the return (without regard to any extension of time to file) for the tax year in which the taxes were actually paid or accrued. File taxes for 2012 free You make or change your choice on your tax return (or on an amended return) for the year your choice is to be effective. File taxes for 2012 free Example. File taxes for 2012 free You paid foreign taxes for the last 13 years and chose to deduct them on your U. File taxes for 2012 free S. File taxes for 2012 free income tax returns. File taxes for 2012 free You were timely in both filing your returns and paying your U. File taxes for 2012 free S. File taxes for 2012 free tax liability. File taxes for 2012 free In February 2013, you file an amended return for tax year 2002 choosing to take a credit for your 2002 foreign taxes because you now realize that the credit is more advantageous than the deduction for that year. File taxes for 2012 free Because the regular due date of your 2002 return was April 15, 2003, this choice is timely (within 10 years). File taxes for 2012 free Because there is a limit on the credit for your 2002 foreign tax, you have unused 2002 foreign taxes. File taxes for 2012 free Ordinarily, you first carry back unused foreign taxes arising in 2002 to, and claim them as a credit in, the 2 preceding tax years. File taxes for 2012 free If you are unable to claim all of them in those 2 years, you carry them forward to the 10 years following the year in which they arose. File taxes for 2012 free Because you originally chose to deduct your foreign taxes and the 10-year period for changing the choice for 2000 and 2001 has passed, you cannot change your choice and carry the unused 2002 foreign taxes back to tax years 2000 and 2001. File taxes for 2012 free Because the 10-year periods for changing the choice have not passed for your 2003 through 2012 income tax returns, you can still choose to claim the credit for those years and carry forward any unused 2002 foreign taxes. File taxes for 2012 free However, you must reduce the unused 2002 foreign taxes that you carry forward by the amount that would have been allowed as a carryback if you had timely carried back the foreign tax to tax years 2000 and 2001. File taxes for 2012 free You cannot take a credit or a deduction for foreign taxes paid on income you exclude under the foreign earned income exclusion or the foreign housing exclusion. File taxes for 2012 free See Foreign Earned Income and Housing Exclusions under Foreign Taxes for Which You Cannot Take a Credit, later. File taxes for 2012 free Why Choose the Credit? The foreign tax credit is intended to relieve you of a double tax burden when your foreign source income is taxed by both the United States and the foreign country. File taxes for 2012 free In most cases, if the foreign tax rate is higher than the U. File taxes for 2012 free S. File taxes for 2012 free rate, there will be no U. File taxes for 2012 free S. File taxes for 2012 free tax on the foreign income. File taxes for 2012 free If the foreign tax rate is lower than the U. File taxes for 2012 free S. File taxes for 2012 free rate, U. File taxes for 2012 free S. File taxes for 2012 free tax on the foreign income will be limited to the difference between the rates. File taxes for 2012 free The foreign tax credit can only reduce U. File taxes for 2012 free S. File taxes for 2012 free taxes on foreign source income; it cannot reduce U. File taxes for 2012 free S. File taxes for 2012 free taxes on U. File taxes for 2012 free S. File taxes for 2012 free source income. File taxes for 2012 free Although no one rule covers all situations, in most cases it is better to take a credit for qualified foreign taxes than to deduct them as an itemized deduction. File taxes for 2012 free This is because: A credit reduces your actual U. File taxes for 2012 free S. File taxes for 2012 free income tax on a dollar-for-dollar basis, while a deduction reduces only your income subject to tax, You can choose to take the foreign tax credit even if you do not itemize your deductions. File taxes for 2012 free You then are allowed the standard deduction in addition to the credit, and If you choose to take the foreign tax credit, and the taxes paid or accrued exceed the credit limit for the tax year, you may be able to carry over or carry back the excess to another tax year. File taxes for 2012 free (See Limit on credit under How To Figure the Credit, later. File taxes for 2012 free ) Example 1. File taxes for 2012 free For 2013, you and your spouse have adjusted gross income of $80,300, including $20,000 of dividend income from foreign sources. File taxes for 2012 free None of the dividends are qualified dividends. File taxes for 2012 free You file a joint return and can claim two $3,900 exemptions. File taxes for 2012 free You had to pay $2,000 in foreign income taxes on the dividend income. File taxes for 2012 free If you take the foreign taxes as an itemized deduction, your total itemized deductions are $15,000. File taxes for 2012 free Your taxable income then is $57,500 and your tax is $7,736. File taxes for 2012 free If you take the credit instead, your itemized deductions are only $13,000. File taxes for 2012 free Your taxable income then is $59,500 and your tax before the credit is $8,036. File taxes for 2012 free After the credit, however, your tax is only $6,036. File taxes for 2012 free Therefore, your tax is $1,700 lower ($7,736 − $6,036) by taking the credit. File taxes for 2012 free Example 2. File taxes for 2012 free In 2013, you receive investment income of $5,000 from a foreign country, which imposes a tax of $1,500 on that income. File taxes for 2012 free You report on your U. File taxes for 2012 free S. File taxes for 2012 free return this income as well as $56,000 of U. File taxes for 2012 free S. File taxes for 2012 free source wages and an allowable $49,000 partnership loss from a U. File taxes for 2012 free S. File taxes for 2012 free partnership. File taxes for 2012 free Your share of the partnership's gross income is $25,000 and your share of its expenses is $74,000. File taxes for 2012 free You are single, entitled to one $3,900 exemption, and have other itemized deductions of $6,850. File taxes for 2012 free If you deduct the foreign tax on your U. File taxes for 2012 free S. File taxes for 2012 free return, your taxable income is a negative $250 ($5,000 + $56,000 − $49,000 − $1,500 − $6,850 − $3,900) and your tax is $0. File taxes for 2012 free If you take the credit instead, your taxable income is $1,250 ($5,000 + $56,000 − $49,000 − $3,900 − $6,850) and your tax before the credit is $126. File taxes for 2012 free You can take a credit of only $113 because of limits discussed later. File taxes for 2012 free Your tax after the credit is $13 ($126 − $113), which is $13 more than if you deduct the foreign tax. File taxes for 2012 free If you choose the credit, you will have unused foreign taxes of $1,387 ($1,500 − $113). File taxes for 2012 free When deciding whether to take the credit or the deduction this year, you will need to consider whether you can benefit from a carryback or carryover of that unused foreign tax. File taxes for 2012 free Credit for Taxes Paid or Accrued You can claim the credit for a qualified foreign tax in the tax year in which you pay it or accrue it, depending on your method of accounting. File taxes for 2012 free “Tax year” refers to the tax year for which your U. File taxes for 2012 free S. File taxes for 2012 free return is filed, not the tax year for which your foreign return is filed. File taxes for 2012 free Accrual method of accounting. File taxes for 2012 free   If you use an accrual method of accounting, you can claim the credit only in the year in which you accrue the tax. File taxes for 2012 free You are using an accrual method of accounting if you report income when you earn it, rather than when you receive it, and you deduct your expenses when you incur them, rather than when you pay them. File taxes for 2012 free   In most cases, foreign taxes accrue when all the events have taken place that fix the amount of the tax and your liability to pay it. File taxes for 2012 free Generally, this occurs on the last day of the tax year for which your foreign return is filed. File taxes for 2012 free Contesting your foreign tax liability. File taxes for 2012 free   If you are contesting your foreign tax liability, you cannot accrue it and take a credit until the amount of foreign tax due is finally determined. File taxes for 2012 free However, if you choose to pay the tax liability you are contesting, you can take a credit for the amount you pay before a final determination of foreign tax liability is made. File taxes for 2012 free Once your liability is determined, the foreign tax credit is allowable for the year to which the foreign tax relates. File taxes for 2012 free If the amount of foreign taxes taken as a credit differs from the final foreign tax liability, you may have to adjust the credit, as discussed later under Foreign Tax Redetermination . File taxes for 2012 free You may have to post a bond. File taxes for 2012 free   If you claim a credit for taxes accrued but not paid, you may have to post an income tax bond to guarantee your payment of any tax due in the event the amount of foreign tax paid differs from the amount claimed. File taxes for 2012 free   The IRS can request this bond at any time without regard to the Time Limit on Tax Assessment discussed later under Carryback and Carryover. File taxes for 2012 free Cash method of accounting. File taxes for 2012 free   If you use the cash method of accounting, you can choose to take the credit either in the year you pay the tax or in the year you accrue it. File taxes for 2012 free You are using the cash method of accounting if you report income in the year you actually or constructively receive it, and deduct expenses in the year you pay them. File taxes for 2012 free Choosing to take credit in the year taxes accrue. File taxes for 2012 free   Even if you use the cash method of accounting, you can choose to take a credit for foreign taxes in the year they accrue. File taxes for 2012 free You make the choice by checking the box in Part II of Form 1116. File taxes for 2012 free Once you make that choice, you must follow it in all later years and take a credit for foreign taxes in the year they accrue. File taxes for 2012 free   In addition, the choice to take the credit when foreign taxes accrue applies to all foreign taxes qualifying for the credit. File taxes for 2012 free You cannot take a credit for some foreign taxes when paid and take a credit for others when accrued. File taxes for 2012 free   If you make the choice to take the credit when foreign taxes accrue and pay them in a later year, you cannot claim a deduction for any part of the previously accrued taxes. File taxes for 2012 free Credit based on taxes paid in earlier year. File taxes for 2012 free   If, in earlier years, you took the credit based on taxes paid, and this year you choose to take the credit based on taxes accrued, you may be able to take the credit this year for taxes from more than one year. File taxes for 2012 free Example. File taxes for 2012 free Last year you took the credit based on taxes paid. File taxes for 2012 free This year you chose to take the credit based on taxes accrued. File taxes for 2012 free During the year you paid foreign income taxes owed for last year. File taxes for 2012 free You also accrued foreign income taxes for this year that you did not pay by the end of the year. File taxes for 2012 free You can base the credit on your return for this year on both last year's taxes that you paid and this year's taxes that you accrued. File taxes for 2012 free Foreign Currency and Exchange Rates U. File taxes for 2012 free S. File taxes for 2012 free income tax is imposed on income expressed in U. File taxes for 2012 free S. File taxes for 2012 free dollars, while in most cases the foreign tax is imposed on income expressed in foreign currency. File taxes for 2012 free Therefore, fluctuations in the value of the foreign currency relative to the U. File taxes for 2012 free S. File taxes for 2012 free dollar may affect the foreign tax credit. File taxes for 2012 free Translating foreign currency into U. File taxes for 2012 free S. File taxes for 2012 free dollars. File taxes for 2012 free   If you receive all or part of your income or pay some or all of your expenses in foreign currency, you must translate the foreign currency into U. File taxes for 2012 free S. File taxes for 2012 free dollars. File taxes for 2012 free How and when you do this depends on your functional currency. File taxes for 2012 free In most cases, your functional currency is the U. File taxes for 2012 free S. File taxes for 2012 free dollar unless you are required to use the currency of a foreign country. File taxes for 2012 free   You must make all federal income tax determinations in your functional currency. File taxes for 2012 free The U. File taxes for 2012 free S. File taxes for 2012 free dollar is the functional currency for all taxpayers except some qualified business units. File taxes for 2012 free A qualified business unit is a separate and clearly identified unit of a trade or business that maintains separate books and records. File taxes for 2012 free Unless you are self-employed, your functional currency is the U. File taxes for 2012 free S. File taxes for 2012 free dollar. File taxes for 2012 free   Even if you are self-employed and have a qualified business unit, your functional currency is the U. File taxes for 2012 free S. File taxes for 2012 free dollar if any of the following apply. File taxes for 2012 free You conduct the business primarily in dollars. File taxes for 2012 free The principal place of business is located in the United States. File taxes for 2012 free You choose to or are required to use the dollar as your functional currency. File taxes for 2012 free The business books and records are not kept in the currency of the economic environment in which a significant part of the business activities is conducted. File taxes for 2012 free   If your functional currency is the U. File taxes for 2012 free S. File taxes for 2012 free dollar, you must immediately translate into dollars all items of income, expense, etc. File taxes for 2012 free , that you receive, pay, or accrue in a foreign currency and that will affect computation of your income tax. File taxes for 2012 free If there is more than one exchange rate, use the one that most properly reflects your income. File taxes for 2012 free In most cases, you can get exchange rates from banks and U. File taxes for 2012 free S. File taxes for 2012 free Embassies. File taxes for 2012 free   If your functional currency is not the U. File taxes for 2012 free S. File taxes for 2012 free dollar, make all income tax determinations in your functional currency. File taxes for 2012 free At the end of the year, translate the results, such as income or loss, into U. File taxes for 2012 free S. File taxes for 2012 free dollars to report on your income tax return. File taxes for 2012 free    For more information, write to: Internal Revenue Service International Section Philadelphia, PA 19255-0725 Rate of exchange for foreign taxes paid. File taxes for 2012 free   Use the rate of exchange in effect on the date you paid the foreign taxes to the foreign country unless you meet the exception discussed next. File taxes for 2012 free If your tax was withheld in foreign currency, use the rate of exchange in effect for the date on which the tax was withheld. File taxes for 2012 free If you make foreign estimated tax payments, you use the rate of exchange in effect for the date on which you made the estimated tax payment. File taxes for 2012 free   The exchange rate rules discussed here apply even if the foreign taxes are paid or accrued with respect to a foreign tax credit splitting event (discussed later). File taxes for 2012 free Exception. File taxes for 2012 free   If you claim the credit for foreign taxes on an accrual basis, in most cases you must use the average exchange rate for the tax year to which the taxes relate. File taxes for 2012 free This rule applies to accrued taxes relating to tax years beginning after 1997 and only under the following conditions. File taxes for 2012 free The foreign taxes are paid on or after the first day of the tax year to which they relate. File taxes for 2012 free The foreign taxes are paid not later than 2 years after the close of the tax year to which they relate. File taxes for 2012 free The foreign tax liability is not denominated in an inflationary currency (defined in the Form 1116 instructions). File taxes for 2012 free (This condition applies to taxes paid or accrued in tax years beginning after November 6, 2007. File taxes for 2012 free )   For all other foreign taxes, you should use the exchange rate in effect on the date you paid them. File taxes for 2012 free Election to use exchange rate on date paid. File taxes for 2012 free   If you have accrued foreign taxes that you are otherwise required to convert using the average exchange rate, you may elect to use the exchange rate in effect on the date the foreign taxes are paid if the taxes are denominated in a nonfunctional foreign currency. File taxes for 2012 free If any of the accrued taxes are unpaid, you must translate them into U. File taxes for 2012 free S. File taxes for 2012 free dollars using the exchange rate on the last day of the U. File taxes for 2012 free S. File taxes for 2012 free tax year to which those taxes relate. File taxes for 2012 free You may make the election for all nonfunctional currency foreign income taxes or only those nonfunctional currency foreign income taxes that are attributable to qualified business units with a U. File taxes for 2012 free S. File taxes for 2012 free dollar functional currency. File taxes for 2012 free Once made, the election applies to the tax year for which made and all subsequent tax years unless revoked with the consent of the IRS. File taxes for 2012 free The election is available for tax years beginning after 2004. File taxes for 2012 free It must be made by the due date (including extensions) for filing the tax return for the first tax year to which the election applies. File taxes for 2012 free Make the election by attaching a statement to the applicable tax return. File taxes for 2012 free The statement must identify whether the election is made for all foreign taxes or only for foreign taxes attributable to qualified business units with a U. File taxes for 2012 free S. File taxes for 2012 free dollar functional currency. File taxes for 2012 free Foreign Tax Redetermination A foreign tax redetermination is any change in your foreign tax liability that may affect your U. File taxes for 2012 free S. File taxes for 2012 free foreign tax credit claimed. File taxes for 2012 free The year in which to claim the credit remains the year to which the foreign taxes paid or accrued relate, even if the change in foreign tax liability occurs in a later year. File taxes for 2012 free If a foreign tax redetermination occurs, a redetermination of your U. File taxes for 2012 free S. File taxes for 2012 free tax liability is required if any of the following conditions apply. File taxes for 2012 free The accrued taxes when paid differ from the amounts claimed as a credit. File taxes for 2012 free The accrued taxes you claimed as a credit in one tax year are not paid within 2 years after the end of that tax year. File taxes for 2012 free If this applies to you, you must reduce the credit previously claimed by the amount of the unpaid taxes. File taxes for 2012 free You will not be allowed a credit for the unpaid taxes until you pay them. File taxes for 2012 free When you pay the accrued taxes, a new foreign tax redetermination occurs and you must translate the taxes into U. File taxes for 2012 free S. File taxes for 2012 free dollars using the exchange rate as of the date they were paid. File taxes for 2012 free The foreign tax credit is allowed for the year to which the foreign tax relates. File taxes for 2012 free See Rate of exchange for foreign taxes paid , earlier, under Foreign Currency and Exchange Rates. File taxes for 2012 free The foreign taxes you paid are refunded in whole or in part. File taxes for 2012 free For taxes taken into account when accrued but translated into dollars on the date of payment, the dollar value of the accrued tax differs from the dollar value of the tax paid because of fluctuations in the exchange rate between the date of accrual and the date of payment. File taxes for 2012 free However, no redetermination is required if the change in foreign tax liability for each foreign country is solely attributable to exchange rate fluctuations and is less than the smaller of: $10,000, or 2% of the total dollar amount of the foreign tax initially accrued for that foreign country for the U. File taxes for 2012 free S. File taxes for 2012 free tax year. File taxes for 2012 free In this case, you must adjust your U. File taxes for 2012 free S. File taxes for 2012 free tax in the tax year in which the accrued foreign taxes are paid. File taxes for 2012 free Notice to the Internal Revenue Service (IRS) of Redetermination You are required to notify the IRS about a foreign tax credit redetermination that affects your U. File taxes for 2012 free S. File taxes for 2012 free tax liability for each tax year affected by the redetermination. File taxes for 2012 free In most cases, you must file Form 1040X, Amended U. File taxes for 2012 free S. File taxes for 2012 free Individual Income Tax Return, with a revised Form 1116 and a statement that contains information sufficient for the IRS to redetermine your U. File taxes for 2012 free S. File taxes for 2012 free tax liability for the year or years affected. File taxes for 2012 free See Contents of statement , later. File taxes for 2012 free You are not required to attach Form 1116 for a tax year affected by a redetermination if: The amount of your creditable taxes paid or accrued during the tax year is not more than $300 ($600 if married filing a joint return) as a result of the foreign tax redetermination, and You meet the requirements listed under Exemption from foreign tax credit limit under How To Figure the Credit, later. File taxes for 2012 free There are other exceptions to this requirement. File taxes for 2012 free They are discussed later under Due date of notification to IRS . File taxes for 2012 free Contents of statement. File taxes for 2012 free   The statement must include all of the following. File taxes for 2012 free Your name, address, and taxpayer identification number. File taxes for 2012 free The tax year or years that are affected by the foreign tax redetermination. File taxes for 2012 free The date or dates the foreign taxes were accrued, if applicable. File taxes for 2012 free The date or dates the foreign taxes were paid. File taxes for 2012 free The amount of foreign taxes paid or accrued on each date (in foreign currency) and the exchange rate used to translate each amount. File taxes for 2012 free Information sufficient to determine any interest due from or owing to you, including the amount of any interest paid to you by the foreign government and the dates received. File taxes for 2012 free   In the case of any foreign taxes that were not paid before the date two years after the close of the tax year to which those taxes relate, you must provide the amount of those taxes in foreign currency and the exchange rate that was used to translate that amount when originally claimed as a credit. File taxes for 2012 free   If any foreign tax was refunded in whole or in part, you must provide the date and amount (in foreign currency) of each refund, the exchange rate that was used to translate each amount when originally claimed as a credit, and the exchange rate for the date the refund was received (for purposes of computing foreign currency gain or loss under Internal Revenue Code section 988). File taxes for 2012 free Due date of notification to IRS. File taxes for 2012 free   If you pay less foreign tax than you originally claimed a credit for, in most cases you must file a notification by the due date (with extensions) of your original return for your tax year in which the foreign tax redetermination occurred. File taxes for 2012 free There is no limit on the time the IRS has to redetermine and assess the correct U. File taxes for 2012 free S. File taxes for 2012 free tax due. File taxes for 2012 free If you pay more foreign tax than you originally claimed a credit for, you have 10 years to file a claim for refund of U. File taxes for 2012 free S. File taxes for 2012 free taxes. File taxes for 2012 free See Time Limit on Refund Claims , later. File taxes for 2012 free   Exceptions to this due date are explained in the next two paragraphs. File taxes for 2012 free Multiple redeterminations of U. File taxes for 2012 free S. File taxes for 2012 free tax liability for same tax year. File taxes for 2012 free   Where more than one foreign tax redetermination requires a redetermination of U. File taxes for 2012 free S. File taxes for 2012 free tax liability for the same tax year and those redeterminations occur in the same tax year or within two consecutive tax years, you can file for that tax year one notification (Form 1040X with a Form 1116 and the required statement) that reflects all those tax redeterminations. File taxes for 2012 free If you choose to file one notification, the due date for that notification is the due date of the original return (with extensions) for the year in which the first foreign tax redetermination that reduced your foreign tax liability occurred. File taxes for 2012 free However, foreign tax redeterminations with respect to the tax year for which a redetermination of U. File taxes for 2012 free S. File taxes for 2012 free tax liability is required may occur after the due date for providing that notification. File taxes for 2012 free In this situation, you may have to file more than one Form 1040X for that tax year. File taxes for 2012 free Additional U. File taxes for 2012 free S. File taxes for 2012 free tax due eliminated by foreign tax credit carryback or carryover. File taxes for 2012 free   If a foreign tax redetermination requires a redetermination of U. File taxes for 2012 free S. File taxes for 2012 free tax liability that would otherwise result in an additional amount of U. File taxes for 2012 free S. File taxes for 2012 free tax due, but the additional tax is eliminated by a carryback or carryover of an unused foreign tax, you do not have to amend your tax return for the year affected by the redetermination. File taxes for 2012 free Instead, you can notify the IRS by attaching a statement to the original return for the tax year in which the foreign tax redetermination occurred. File taxes for 2012 free You must file the statement by the due date (with extensions) of that return. File taxes for 2012 free The statement must show the amount of the unused foreign taxes paid or accrued and a detailed schedule showing the computation of the carryback or carryover (including the amounts carried back or over to the year for which a redetermination on U. File taxes for 2012 free S. File taxes for 2012 free tax liability is required). File taxes for 2012 free Failure-to-notify penalty. File taxes for 2012 free   If you fail to notify the IRS of a foreign tax redetermination and cannot show reasonable cause for the failure, you may have to pay a penalty. File taxes for 2012 free   For each month, or part of a month, that the failure continues, you pay a penalty of 5% of the tax due resulting from a redetermination of your U. File taxes for 2012 free S. File taxes for 2012 free tax. File taxes for 2012 free This penalty cannot be more than 25% of the tax due. File taxes for 2012 free Foreign tax refund. File taxes for 2012 free   If you receive a foreign tax refund without interest from the foreign government, you will not have to pay interest on the amount of tax due resulting from the adjustment to your U. File taxes for 2012 free S. File taxes for 2012 free tax for the time before the date of the refund. File taxes for 2012 free   However, if you receive a foreign tax refund with interest, you must pay interest to the IRS up to the amount of the interest paid to you by the foreign government. File taxes for 2012 free The interest you must pay cannot be more than the interest you would have had to pay on taxes that were unpaid for any other reason for the same period. File taxes for 2012 free Interest also is owed from the time you receive a refund until you pay the additional tax due. File taxes for 2012 free Foreign tax imposed on foreign refund. File taxes for 2012 free   If your foreign tax refund is taxed by the foreign country, you cannot take a separate credit or deduction for this additional foreign tax. File taxes for 2012 free However, when you refigure the foreign tax credit taken for the original foreign tax, reduce the amount of the refund by the foreign tax paid on the refund. File taxes for 2012 free Example. File taxes for 2012 free You paid a foreign income tax of $3,000 in 2011, and received a foreign tax refund of $500 in 2013 on which a foreign tax of $100 was imposed. File taxes for 2012 free When you refigure your credit for 2011, you must reduce the $3,000 you paid by $400. File taxes for 2012 free Time Limit on Refund Claims You have 10 years to file a claim for refund of U. File taxes for 2012 free S. File taxes for 2012 free tax if you find that you paid or accrued a larger foreign tax than you claimed a credit for. File taxes for 2012 free The 10-year period begins the day after the regular due date for filing the return (without extensions) for the year in which the taxes were actually paid or accrued. File taxes for 2012 free You have 10 years to file your claim regardless of whether you claim the credit for taxes paid or taxes accrued. File taxes for 2012 free The 10-year period applies to claims for refund or credit based on: Fixing math errors in figuring qualified foreign taxes, Reporting qualified foreign taxes not originally reported on the return, or Any other change in the size of the credit (including one caused by correcting the foreign tax credit limit). File taxes for 2012 free The special 10-year period also applies to making or changing your choice to claim a deduction or credit for foreign taxes. File taxes for 2012 free See Making or Changing Your Choice discussed earlier under Choosing To Take Credit or Deduction. File taxes for 2012 free Who Can Take the Credit? U. File taxes for 2012 free S. File taxes for 2012 free citizens, resident aliens, and nonresident aliens who paid foreign income tax and are subject to U. File taxes for 2012 free S. File taxes for 2012 free tax on foreign source income may be able to take a foreign tax credit. File taxes for 2012 free U. File taxes for 2012 free S. File taxes for 2012 free Citizens If you are a U. File taxes for 2012 free S. File taxes for 2012 free citizen, you are taxed by the United States on your worldwide income wherever you live. File taxes for 2012 free You are normally entitled to take a credit for foreign taxes you pay or accrue. File taxes for 2012 free Resident Aliens If you are a resident alien of the United States, you can take a credit for foreign taxes subject to the same general rules as U. File taxes for 2012 free S. File taxes for 2012 free citizens. File taxes for 2012 free If you are a bona fide resident of Puerto Rico for the entire tax year, you also come under the same rules. File taxes for 2012 free Usually, you can take a credit only for those foreign taxes imposed on income you actually or constructively received while you had resident alien status. File taxes for 2012 free For information on alien status, see Publication 519. File taxes for 2012 free Nonresident Aliens If you are a nonresident alien, you cannot take the credit in most cases. File taxes for 2012 free However, you may be able to take the credit if: You were a bona fide resident of Puerto Rico during your entire tax year, or You pay or accrue tax to a foreign country or U. File taxes for 2012 free S. File taxes for 2012 free possession on income from foreign sources that is effectively connected with a trade or business in the United States. File taxes for 2012 free But if you must pay tax to a foreign country or U. File taxes for 2012 free S. File taxes for 2012 free possession on income from U. File taxes for 2012 free S. File taxes for 2012 free sources only because you are a citizen or a resident of that country or U. File taxes for 2012 free S. File taxes for 2012 free possession, do not use that tax in figuring the amount of your credit. File taxes for 2012 free For information on alien status and effectively connected income, see Publication 519. File taxes for 2012 free What Foreign Taxes Qualify for the Credit? In most cases, the following four tests must be met for any foreign tax to qualify for the credit. File taxes for 2012 free The tax must be imposed on you. File taxes for 2012 free You must have paid or accrued the tax. File taxes for 2012 free The tax must be the legal and actual foreign tax liability. File taxes for 2012 free The tax must be an income tax (or a tax in lieu of an income tax). File taxes for 2012 free Certain foreign taxes do not qualify for the credit even if the four tests are met. File taxes for 2012 free See Foreign Taxes for Which You Cannot Take a Credit, later. File taxes for 2012 free Tax Must Be Imposed on You You can claim a credit only for foreign taxes that are imposed on you by a foreign country or U. File taxes for 2012 free S. File taxes for 2012 free possession. File taxes for 2012 free For example, a tax that is deducted from your wages is considered to be imposed on you. File taxes for 2012 free You cannot shift the right to claim the credit by contract or other means. File taxes for 2012 free Foreign country. File taxes for 2012 free   A foreign country includes any foreign state and its political subdivisions. File taxes for 2012 free Income, war profits, and excess profits taxes paid or accrued to a foreign city or province qualify for the foreign tax credit. File taxes for 2012 free U. File taxes for 2012 free S. File taxes for 2012 free possessions. File taxes for 2012 free   For foreign tax credit purposes, all qualified taxes paid to U. File taxes for 2012 free S. File taxes for 2012 free possessions are considered foreign taxes. File taxes for 2012 free For this purpose, U. File taxes for 2012 free S. File taxes for 2012 free possessions include Puerto Rico and American Samoa. File taxes for 2012 free   When the term “foreign country” is used in this publication, it includes U. File taxes for 2012 free S. File taxes for 2012 free possessions unless otherwise stated. File taxes for 2012 free You Must Have Paid or Accrued the Tax In most cases, you can claim the credit only if you paid or accrued the foreign tax to a foreign country or U. File taxes for 2012 free S. File taxes for 2012 free possession. File taxes for 2012 free However, the paragraphs that follow describe some instances in which you can claim the credit even if you did not directly pay or accrue the tax yourself. File taxes for 2012 free Joint return. File taxes for 2012 free   If you file a joint return, you can claim the credit based on the total foreign income taxes paid or accrued by you and your spouse. File taxes for 2012 free Combined income. File taxes for 2012 free   If foreign tax is imposed on the combined income of two or more persons (for example, spouses), the tax is allocated among, and considered paid by, these persons on a pro rata basis in proportion to each person's portion of the combined income, as determined under foreign law and Regulations section 1. File taxes for 2012 free 901-2(f)(3)(iii). File taxes for 2012 free Combined income with respect to each foreign tax that is imposed on a combined basis (and combined income subject to tax exemption or preferential tax rates) is computed separately, and the tax on that combined income is allocated separately. File taxes for 2012 free   These rules apply to foreign taxes paid or accrued in tax years beginning after February 14, 2012. File taxes for 2012 free However, you can choose to apply the new rules to foreign taxes paid or accrued in tax years beginning after December 31, 2010, and before February 15, 2012. File taxes for 2012 free For more details, see paragraphs (f) and (h) of Regulations section 1. File taxes for 2012 free 901-2. File taxes for 2012 free For similar rules applicable to prior tax years, see Regulations section 1. File taxes for 2012 free 901-2 (revised as of April 1, 2011). File taxes for 2012 free Example. File taxes for 2012 free You and your spouse reside in Country X, which imposes income tax on your combined incomes. File taxes for 2012 free Both of you use the “u” as your functional currency. File taxes for 2012 free Country X apportions tax based on income. File taxes for 2012 free You had income of 30,000u and your spouse had income of 20,000u. File taxes for 2012 free Your filing status on your U. File taxes for 2012 free S. File taxes for 2012 free income tax return is married filing separately. File taxes for 2012 free You can claim only 60% (30,000u/50,000u) of the foreign taxes imposed on your income on your U. File taxes for 2012 free S income tax return. File taxes for 2012 free Your spouse can claim only 40% (20,000u/50,000u). File taxes for 2012 free Partner or S corporation shareholder. File taxes for 2012 free   If you are a member of a partnership, or a shareholder in an S corporation, you can claim the credit based on your proportionate share of the foreign income taxes paid or accrued by the partnership or the S corporation. File taxes for 2012 free These amounts will be shown on the Schedule K-1 you receive from the partnership or S corporation. File taxes for 2012 free However, if you are a shareholder in an S corporation that in turn owns stock in a foreign corporation, you cannot claim a credit for your share of foreign taxes paid by the foreign corporation. File taxes for 2012 free Beneficiary. File taxes for 2012 free   If you are a beneficiary of an estate or trust, you may be able to claim the credit based on your proportionate share of foreign income taxes paid or accrued by the estate or trust. File taxes for 2012 free This amount will be shown on the Schedule K-1 you receive from the estate or trust. File taxes for 2012 free However, you must show that the tax was imposed on income of the estate and not on income received by the decedent. File taxes for 2012 free Mutual fund shareholder. File taxes for 2012 free   If you are a shareholder of a mutual fund or other regulated investment company (RIC), you may be able to claim the credit based on your share of foreign income taxes paid by the fund if it chooses to pass the credit on to its shareholders. File taxes for 2012 free You should receive from the mutual fund or other RIC a Form 1099-DIV, or similar statement, showing your share of the foreign income, and your share of the foreign taxes paid. File taxes for 2012 free If you do not receive this information, you will need to contact the fund. File taxes for 2012 free Controlled foreign corporation shareholder. File taxes for 2012 free   If you are a shareholder of a controlled foreign corporation and choose to be taxed at corporate rates on the amount you must include in gross income from that corporation, you can claim the credit based on your share of foreign taxes paid or accrued by the controlled foreign corporation. File taxes for 2012 free If you make this election, you must claim the credit by filing Form 1118, Foreign Tax Credit—Corporations. File taxes for 2012 free Controlled foreign corporation. File taxes for 2012 free   A controlled foreign corporation is a foreign corporation in which U. File taxes for 2012 free S. File taxes for 2012 free shareholders own more than 50% of the voting power or value of the stock. File taxes for 2012 free You are considered a U. File taxes for 2012 free S. File taxes for 2012 free shareholder if you own, directly or indirectly, 10% or more of the total voting power of all classes of the foreign corporation's stock. File taxes for 2012 free See Internal Revenue Code sections 951(b) and 958(b) for more information. File taxes for 2012 free Tax Must Be the Legal and Actual Foreign Tax Liability The amount of foreign tax that qualifies is not necessarily the amount of tax withheld by the foreign country. File taxes for 2012 free Only the legal and actual foreign tax liability that you paid or accrued during the year qualifies for the credit. File taxes for 2012 free Foreign tax refund. File taxes for 2012 free   You cannot take a foreign tax credit for income taxes paid to a foreign country if it is reasonably certain the amount would be refunded, credited, rebated, abated, or forgiven if you made a claim. File taxes for 2012 free   For example, the United States has tax treaties with many countries allowing U. File taxes for 2012 free S. File taxes for 2012 free citizens and residents reductions in the rates of tax of those foreign countries. File taxes for 2012 free However, some treaty countries require U. File taxes for 2012 free S. File taxes for 2012 free citizens and residents to pay the tax figured without regard to the lower treaty rates and then claim a refund for the amount by which the tax actually paid is more than the amount of tax figured using the lower treaty rate. File taxes for 2012 free The qualified foreign tax is the amount figured using the lower treaty rate and not the amount actually paid, because the excess tax is refundable. File taxes for 2012 free Subsidy received. File taxes for 2012 free   Tax payments a foreign country returns to you in the form of a subsidy do not qualify for the foreign tax credit. File taxes for 2012 free This rule applies even if the subsidy is given to a person related to you, or persons who participated with you in a transaction or a related transaction. File taxes for 2012 free A subsidy can be provided by any means but must be determined, directly or indirectly, in relation to the amount of tax, or to the base used to figure the tax. File taxes for 2012 free   The term “subsidy” includes any type of benefit. File taxes for 2012 free Some ways of providing a subsidy are refunds, credits, deductions, payments, or discharges of obligations. File taxes for 2012 free Shareholder receiving refund for corporate tax in integrated system. File taxes for 2012 free   Under some foreign tax laws and treaties, a shareholder is considered to have paid part of the tax that is imposed on the corporation. File taxes for 2012 free You may be able to claim a refund of these taxes from the foreign government. File taxes for 2012 free You must include the refund (including any amount withheld) in your income in the year received. File taxes for 2012 free Any tax withheld from the refund is a qualified foreign tax. File taxes for 2012 free Example. File taxes for 2012 free You are a shareholder of a French corporation. File taxes for 2012 free You receive a $100 refund of the tax paid to France by the corporation on the earnings distributed to you as a dividend. File taxes for 2012 free The French government imposes a 15% withholding tax ($15) on the refund you received. File taxes for 2012 free You receive a check for $85. File taxes for 2012 free You include $100 in your income. File taxes for 2012 free The $15 of tax withheld is a qualified foreign tax. File taxes for 2012 free Tax Must Be an Income Tax (or Tax in Lieu of Income Tax) In most cases, only income, war profits, and excess profits taxes (income taxes) qualify for the foreign tax credit. File taxes for 2012 free Foreign taxes on wages, dividends, interest, and royalties qualify for the credit in most cases. File taxes for 2012 free Furthermore, foreign taxes on income can qualify even though they are not imposed under an income tax law if the tax is in lieu of an income, war profits, or excess profits tax. File taxes for 2012 free See Taxes in Lieu of Income Taxes , later. File taxes for 2012 free Income Tax Simply because the levy is called an income tax by the foreign taxing authority does not make it an income tax for this purpose. File taxes for 2012 free A foreign levy is an income tax only if it meets both of the following requirements. File taxes for 2012 free It is a tax; that is, you have to pay it and you get no specific economic benefit (discussed below) from paying it. File taxes for 2012 free The predominant character of the tax is that of an income tax in the U. File taxes for 2012 free S. File taxes for 2012 free sense. File taxes for 2012 free A foreign levy may meet these requirements even if the foreign tax law differs from U. File taxes for 2012 free S. File taxes for 2012 free tax law. File taxes for 2012 free The foreign law may include in income items that U. File taxes for 2012 free S. File taxes for 2012 free law does not include, or it may allow certain exclusions or deductions that U. File taxes for 2012 free S. File taxes for 2012 free law does not allow. File taxes for 2012 free Specific economic benefit. File taxes for 2012 free   In most cases, you get a specific economic benefit if you receive, or are considered to receive, an economic benefit from the foreign country imposing the levy, and: If there is a generally imposed income tax, the economic benefit is not available on substantially the same terms to all persons subject to the income tax, or If there is no generally imposed income tax, the economic benefit is not available on substantially the same terms to the population of the foreign country in general. File taxes for 2012 free   You are considered to receive a specific economic benefit if you have a business transaction with a person who receives a specific economic benefit from the foreign country and, under the terms and conditions of the transaction, you receive directly or indirectly all or part of the benefit. File taxes for 2012 free   However, see the exception discussed later under Pension, unemployment, and disability fund payments . File taxes for 2012 free Economic benefits. File taxes for 2012 free   Economic benefits include the following. File taxes for 2012 free Goods. File taxes for 2012 free Services. File taxes for 2012 free Fees or other payments. File taxes for 2012 free Rights to use, acquire, or extract resources, patents, or other property the foreign country owns or controls. File taxes for 2012 free Discharges of contractual obligations. File taxes for 2012 free   In most cases, the right or privilege merely to engage in business is not an economic benefit. File taxes for 2012 free Dual-capacity taxpayers. File taxes for 2012 free   If you are subject to a foreign country's levy and you also receive a specific economic benefit from that foreign country, you are a “dual-capacity taxpayer. File taxes for 2012 free ” As a dual-capacity taxpayer, you cannot claim a credit for any part of the foreign levy, unless you establish that the amount paid under a distinct element of the foreign levy is a tax, rather than a compulsory payment for a direct or indirect specific economic benefit. File taxes for 2012 free    For more information on how to establish amounts paid under separate elements of a levy, write to: Internal Revenue Service International Section Philadelphia, PA 19255-0725 Pension, unemployment, and disability fund payments. File taxes for 2012 free   A foreign tax imposed on an individual to pay for retirement, old-age, death, survivor, unemployment, illness, or disability benefits, or for substantially similar purposes, is not payment for a specific economic benefit if the amount of the tax does not depend on the age, life expectancy, or similar characteristics of that individual. File taxes for 2012 free    No deduction or credit is allowed, however, for social security taxes paid or accrued to a foreign country with which the United States has a social security agreement. File taxes for 2012 free For more information about these agreements, see Publication 54. File taxes for 2012 free Soak-up taxes. File taxes for 2012 free   A foreign tax is not predominantly an income tax and does not qualify for credit to the extent it is a soak-up tax. File taxes for 2012 free A tax is a soak-up tax to the extent that liability for it depends on the availability of a credit for it against income tax imposed by another country. File taxes for 2012 free This rule applies only if and to the extent that the foreign tax would not be imposed if the credit were not available. File taxes for 2012 free Penalties and interest. File taxes for 2012 free   Amounts paid to a foreign government to satisfy a liability for interest, fines, penalties, or any similar obligation are not taxes and do not qualify for the credit. File taxes for 2012 free Taxes not based on income. File taxes for 2012 free   Foreign taxes based on gross receipts or the number of units produced, rather than on realized net income, do not qualify unless they are imposed in lieu of an income tax, as discussed next. File taxes for 2012 free Taxes based on assets, such as property taxes, do not qualify for the credit. File taxes for 2012 free Taxes in Lieu of Income Taxes A tax paid or accrued to a foreign country qualifies for the credit if it is imposed in lieu of an income tax otherwise generally imposed. File taxes for 2012 free A foreign levy is a tax in lieu of an income tax only if: It is not payment for a specific economic benefit as discussed earlier, and The tax is imposed in place of, and not in addition to, an income tax otherwise generally imposed. File taxes for 2012 free A tax in lieu of an income tax does not have to be based on realized net income. File taxes for 2012 free A foreign tax imposed on gross income, gross receipts or sales, or the number of units produced or exported can qualify for the credit. File taxes for 2012 free In most cases, a soak-up tax (discussed earlier) does not qualify as a tax in lieu of an income tax. File taxes for 2012 free However, if the foreign country imposes a soak-up tax in lieu of an income tax, the amount that does not qualify for foreign tax credit is the lesser of the following amounts. File taxes for 2012 free The soak-up tax. File taxes for 2012 free The foreign tax you paid that is more than the amount you would have paid if you had been subject to the generally imposed income tax. File taxes for 2012 free Foreign Taxes for Which You Cannot Take a Credit This part discusses the foreign taxes for which you cannot take a credit. File taxes for 2012 free These are: Taxes on excluded income, Taxes for which you can only take an itemized deduction, Taxes on foreign mineral income, Taxes from international boycott operations, A portion of taxes on combined foreign oil and gas income, Taxes of U. File taxes for 2012 free S. File taxes for 2012 free persons controlling foreign corporations and partnerships who fail to file required information returns, and Taxes related to a foreign tax splitting event. File taxes for 2012 free Taxes on Excluded Income You cannot take a credit for foreign taxes paid or accrued on certain income that is excluded from U. File taxes for 2012 free S. File taxes for 2012 free gross income. File taxes for 2012 free Foreign Earned Income and Housing Exclusions You must reduce your foreign taxes available for the credit by the amount of those taxes paid or accrued on income that is excluded from U. File taxes for 2012 free S. File taxes for 2012 free income under the foreign earned income exclusion or the foreign housing exclusion. File taxes for 2012 free See Publication 54 for more information on the foreign earned income and housing exclusions. File taxes for 2012 free Wages completely excluded. File taxes for 2012 free   If your wages are completely excluded, you cannot take a credit for any of the foreign taxes paid or accrued on these wages. File taxes for 2012 free Wages partly excluded. File taxes for 2012 free   If only part of your wages is excluded, you cannot take a credit for the foreign income taxes allocable to the excluded part. File taxes for 2012 free You find the amount allocable to your excluded wages by multiplying the foreign tax paid or accrued on foreign earned income received or accrued during the tax year by a fraction. File taxes for 2012 free   The numerator of the fraction is your foreign earned income and housing amounts excluded under the foreign earned income and housing exclusions for the tax year minus otherwise deductible expenses definitely related and properly apportioned to that income. File taxes for 2012 free Deductible expenses do not include the foreign housing deduction. File taxes for 2012 free   The denominator is your total foreign earned income received or accrued during the tax year minus all deductible expenses allocable to that income (including the foreign housing deduction). File taxes for 2012 free If the foreign law taxes foreign earned income and some other income (for example, earned income from U. File taxes for 2012 free S. File taxes for 2012 free sources or a type of income not subject to U. File taxes for 2012 free S. File taxes for 2012 free tax), and the taxes on the other income cannot be segregated, the denominator of the fraction is the total amount of income subject to the foreign tax minus deductible expenses allocable to that income. File taxes for 2012 free Example. File taxes for 2012 free You are a U. File taxes for 2012 free S. File taxes for 2012 free citizen and a cash basis taxpayer, employed by Company X and living in Country A. File taxes for 2012 free Your records show the following: Foreign earned income received $125,000 Unreimbursed business travel expenses 20,000 Income tax paid to Country A 30,000 Exclusion of foreign earned  income and housing allowance 97,600     Because you can exclude part of your wages, you cannot claim a credit for part of the foreign taxes. File taxes for 2012 free To find that part, do the following. File taxes for 2012 free First, find the amount of business expenses allocable to excluded wages and therefore not deductible. File taxes for 2012 free To do this, multiply the otherwise deductible expenses by a fraction. File taxes for 2012 free That fraction is the excluded wages over your foreign earned income. File taxes for 2012 free   $20,000 × $97,600 $125,000 = $15,616             Next, find the numerator of the fraction by which you will multiply the foreign taxes paid. File taxes for 2012 free To do this, subtract business expenses allocable to excluded wages ($15,616) from excluded wages ($97,600). File taxes for 2012 free The result is $81,984. File taxes for 2012 free Then, find the denominator of the fraction by subtracting all your deductible expenses from all your foreign earned income ($125,000 − $20,000 = $105,000). File taxes for 2012 free Finally, multiply the foreign tax you paid by the resulting fraction. File taxes for 2012 free   $30,000 × $81,984  $105,000 = $23,424 The amount of Country A tax you cannot take a credit for is $23,424. File taxes for 2012 free Taxes on Income From Puerto Rico Exempt From U. File taxes for 2012 free S. File taxes for 2012 free Tax If you have income from Puerto Rican sources that is not taxable, you must reduce your foreign taxes paid or accrued by the taxes allocable to the exempt income. File taxes for 2012 free For information on figuring the reduction, see Publication 570. File taxes for 2012 free Possession Exclusion If you are a bona fide resident of American Samoa and exclude income from sources in American Samoa, you cannot take a credit for the taxes you pay or accrue on the excluded income. File taxes for 2012 free For more information on this exclusion, see Publication 570. File taxes for 2012 free Extraterritorial Income Exclusion You cannot take a credit for taxes you pay on qualifying foreign trade income excluded on Form 8873, Extraterritorial Income Exclusion. File taxes for 2012 free However, see Internal Revenue Code section 943(d) for an exception for certain withholding taxes. File taxes for 2012 free Taxes for Which You Can Only Take an Itemized Deduction You cannot claim a foreign tax credit for foreign income taxes paid or accrued under the following circumstances. File taxes for 2012 free However, you can claim an itemized deduction for these taxes. File taxes for 2012 free See Choosing To Take Credit or Deduction , earlier. File taxes for 2012 free Taxes Imposed By Sanctioned Countries (Section 901(j) Income) You cannot claim a foreign tax credit for income taxes paid or accrued to any country if the income giving rise to the tax is for a period (the sanction period) during which: The Secretary of State has designated the country as one that repeatedly provides support for acts of international terrorism, The United States has severed or does not conduct diplomatic relations with the country, or The United States does not recognize the country's government, and that government is not otherwise eligible to purchase defense articles or services under the Arms Export Control Act. File taxes for 2012 free The following countries meet this description for 2013. File taxes for 2012 free Income taxes paid or accrued to these countries in 2013 do not qualify for the credit. File taxes for 2012 free Cuba. File taxes for 2012 free Iran. File taxes for 2012 free Libya (but see Note later). File taxes for 2012 free North Korea. File taxes for 2012 free Sudan. File taxes for 2012 free Syria. File taxes for 2012 free Waiver of denial of the credit. File taxes for 2012 free   A waiver can be granted to a sanctioned country if the President of the United States determines that granting the waiver is in the national interest of the United States and will expand trade and investment opportunities for U. File taxes for 2012 free S. File taxes for 2012 free companies in the sanctioned country. File taxes for 2012 free The President must report to Congress his intentions to grant the waiver and his reasons for granting the waiver not less than 30 days before the date on which the waiver is granted. File taxes for 2012 free Note. File taxes for 2012 free Effective December 10, 2004, the President granted a waiver to Libya. File taxes for 2012 free Income taxes arising on or after this date qualify for the credit if they meet the other requirements in this publication. File taxes for 2012 free Limit on credit. File taxes for 2012 free   In figuring the foreign tax credit limit, discussed later, income from a sanctioned country is a separate category of foreign income unless a Presidential waiver is granted. File taxes for 2012 free You must fill out a separate Form 1116 for this income. File taxes for 2012 free This will prevent you from claiming a credit for foreign taxes paid or accrued to the sanctioned country. File taxes for 2012 free Example. File taxes for 2012 free You lived and worked in Iran until August, when you were transferred to Italy. File taxes for 2012 free You paid taxes to each country on the income earned in that country. File taxes for 2012 free You cannot claim a foreign tax credit for the foreign taxes paid on the income earned in Iran. File taxes for 2012 free Because the income earned in Iran is a separate category of foreign income, you must fill out a separate Form 1116 for that income. File taxes for 2012 free You cannot take a credit for taxes paid on the income earned in Iran, but that income is taxable by the United States. File taxes for 2012 free Figuring the credit when a sanction ends. File taxes for 2012 free    Table 1 lists the countries for which sanctions have ended or for which a Presidential waiver has been granted. File taxes for 2012 free For any of these countries, you can claim a foreign tax credit for the taxes paid or accrued to that country on the income for the period that begins after the end of the sanction period or the date the Presidential waiver was granted. File taxes for 2012 free Example. File taxes for 2012 free The sanctions against Country X ended on July 31. File taxes for 2012 free On August 19, you receive a distribution from a mutual fund of Country X income. File taxes for 2012 free The fund paid Country X income tax for you on the distribution. File taxes for 2012 free Because the distribution was made after the sanction ended, you may include the foreign tax paid on the distribution to compute your foreign tax credit. File taxes for 2012 free Amounts for the nonsanctioned period. File taxes for 2012 free   If a sanction period ends (or a Presidential waiver is granted) during your tax year and you are not able to determine the actual income and taxes for that period, you can allocate amounts to that period based on the number of days in the period that fall in your tax year. File taxes for 2012 free Multiply the income or taxes for the year by the following fraction to determine the amounts allocable to that period. File taxes for 2012 free   Number of nonsanctioned days in year  Number of days in year Example. File taxes for 2012 free You are a calendar year filer and received $20,000 of income from Country X in 2013 on which you paid tax of $4,500. File taxes for 2012 free Sanctions against Country X ended on July 11, 2013. File taxes for 2012 free You are unable to determine how much of the income or tax is for the nonsanctioned period. File taxes for 2012 free Because your tax year starts on January 1, and the Country X sanction ended on July 11, 2013, 173 days of your tax year are in the nonsanctioned period. File taxes for 2012 free You would compute the income for the nonsanctioned period as follows. File taxes for 2012 free 173 365 × $20,000 = $9,479             You would figure the tax for the nonsanctioned period as follows. File taxes for 2012 free 173 365 × $4,500 = $2,133 To figure your foreign tax credit, you would use $9,479 as the income from Country X and $2,133 as the tax. File taxes for 2012 free Further information. File taxes for 2012 free   The rules for figuring the foreign tax credit after a country's sanction period ends are more fully explained in Revenue Ruling 92-62, Cumulative Bulletin 1992-2, page 193. File taxes for 2012 free This Cumulative Bulletin can be found in many libraries and IRS offices. File taxes for 2012 free Table 1. File taxes for 2012 free Countries Removed From the Sanction List or Granted Presidential Waiver   Sanction Period Country Starting Date Ending Date Iraq February 1, 1991 June 27, 2004 Libya January 1, 1987 December 9, 2004* *Presidential waiver granted for qualified income taxes arising after December 9, 2004. File taxes for 2012 free Taxes Imposed on Certain Dividends You cannot claim a foreign tax credit for withholding tax (defined later ) on dividends paid or accrued if either of the following applies to the dividends. File taxes for 2012 free The dividends are on stock you held for less than 16 days during the 31-day period that begins 15 days before the ex-dividend date (defined later). File taxes for 2012 free The dividends are for a period or periods totaling more than 366 days on preferred stock you held for less than 46 days during the 91-day period that begins 45 days before the ex-dividend date. File taxes for 2012 free If the dividend is not for more than 366 days, rule (1) applies to the preferred stock. File taxes for 2012 free When figuring how long you held the stock, count the day you sold it, but do not count the day you acquired it or any days on which you were protected from risk of loss. File taxes for 2012 free Regardless of how long you held the stock, you cannot claim the credit to the extent you have an obligation under a short sale or otherwise to make payments related to the dividend for positions in substantially similar or related property. File taxes for 2012 free Withholding tax. File taxes for 2012 free   For this purpose, withholding tax includes any tax determined on a gross basis. File taxes for 2012 free It does not include any tax which is in the nature of a prepayment of a tax imposed on a net basis. File taxes for 2012 free Ex-dividend date. File taxes for 2012 free   The ex-dividend date is the first date following the declaration of a dividend on which the purchaser of a stock is not entitled to receive the next dividend payment. File taxes for 2012 free Example 1. File taxes for 2012 free You bought common stock from a foreign corporation on November 3. File taxes for 2012 free You sold the stock on November 19. File taxes for 2012 free You received a dividend on this stock because you owned it on the ex-dividend date of November 5. File taxes for 2012 free To claim the credit, you must have held the stock for at least 16 days within the 31-day period that began on October 21 (15 days before the ex-dividend date). File taxes for 2012 free Because you held the stock for 16 days, from November 4 until November 19, you are entitled to the credit. File taxes for 2012 free Example 2. File taxes for 2012 free The facts are the same as in Example 1 except that you sold the stock on November 14. File taxes for 2012 free You held the stock for only 11 days. File taxes for 2012 free You are not entitled to the credit. File taxes for 2012 free Exception. File taxes for 2012 free   If you are a securities dealer who actively conducts business in a foreign country, you may be able to claim a foreign tax credit for qualified taxes paid on dividends regardless of how long you held the stock or whether you were obligated to make payments for positions in substantially similar or related property. File taxes for 2012 free See section 901(k)(4) of the Internal Revenue Code for more information. File taxes for 2012 free Taxes Withheld on Income or Gain (Other Than Dividends) For income or gain (other than dividends) paid or accrued on property, you cannot claim a foreign tax credit for withholding tax (defined later): If you have not held the property for at least 16 days during the 31-day period that begins 15 days before the date on which the right to receive the payment arises, or To the extent you have to make related payments on positions in substantially similar or related property. File taxes for 2012 free When figuring how long you held the property, count the day you sold it, but do not count the day you acquired it or any days on which you were protected from risk of loss. File taxes for 2012 free Withholding tax. File taxes for 2012 free   For this purpose, withholding tax includes any tax determined on a gross basis. File taxes for 2012 free It does not include any tax which is in the nature of a prepayment of a tax imposed on a net basis. File taxes for 2012 free Exception for dealers. File taxes for 2012 free   If you are a dealer in property who actively conducts business in a foreign country, you may be able to claim a foreign tax credit for qualified taxes withheld on income or gain from that property regardless of how long you held it or whether you have to make related payments on positions in substantially similar or related property. File taxes for 2012 free See section 901(I)(2) of the Internal Revenue Code for more information. File taxes for 2012 free Covered Asset Acquisition ???You cannot take a credit for the disqualified portion of any foreign tax paid or accrued in connection with a covered asset acquisition. File taxes for 2012 free A covered asset acquisition includes certain acquisitions that result in a stepped-up basis for U. File taxes for 2012 free S. File taxes for 2012 free tax purposes but not for foreign tax purposes. File taxes for 2012 free For more information, see Internal Revenue Code section 901(m). File taxes for 2012 free The IRS intends to issue guidance that will explain this provision in greater detail. File taxes for 2012 free Taxes in Connection With the Purchase or Sale of Oil or Gas You cannot claim a foreign tax credit for taxes paid or accrued to a foreign country in connection with the purchase or sale of oil or gas extracted in that country if you do not have an economic interest in the oil or gas, and the purchase price or sales price is different from the fair market value of the oil or gas at the time of purchase or sale. File taxes for 2012 free Taxes on Foreign Mineral Income You must reduce any taxes paid or accrued to a foreign country or possession on mineral income from that country or possession if you were allowed a deduction for percentage depletion for any part of the mineral income. File taxes for 2012 free For details, see Regulations section 1. File taxes for 2012 free 901-3. File taxes for 2012 free Taxes From International Boycott Operations If you participate in or cooperate with an international boycott during the tax year, your foreign taxes resulting from boycott activities will reduce the total taxes available for credit. File taxes for 2012 free See the instructions for line 12 in the Form 1116 instructions to figure this reduction. File taxes for 2012 free In most cases, this rule does not apply to employees with wages who are working and living in boycotting countries, or to retirees with pensions who are living in these countries. File taxes for 2012 free List of boycotting countries. File taxes for 2012 free   A list of the countries which may require participation in or cooperation with an international boycott is published by the Department of the Treasury. File taxes for 2012 free As of November 2013, the following countries are listed. File taxes for 2012 free Iraq. File taxes for 2012 free Kuwait. File taxes for 2012 free Lebanon. File taxes for 2012 free Libya. File taxes for 2012 free Qatar. File taxes for 2012 free Saudi Arabia. File taxes for 2012 free Syria. File taxes for 2012 free United Arab Emirates. File taxes for 2012 free Yemen. File taxes for 2012 free    For information concerning changes to the list, write to: Internal Revenue Service International Section Philadelphia, PA 19255-0725 Determinations of whether the boycott rule applies. File taxes for 2012 free   You may request a determination from the Internal Revenue Service as to whether a particular operation constitutes participation in or cooperation with an international boycott. File taxes for 2012 free The procedures for obtaining a determination from the Service are outlined in Revenue Procedure 77-9 in Cumulative Bulletin 1977-1. File taxes for 2012 free Cumulative Bulletins are available in most IRS offices and you are welcome to read them there. File taxes for 2012 free Public inspection. File taxes for 2012 free   A determination and any related background file is open to public inspection. File taxes for 2012 free However, your identity and certain other information will remain confidential. File taxes for 2012 free Reporting requirements. File taxes for 2012 free   You must file a report with the IRS if you or any of the following persons have operations in or related to a boycotting country or with the government, a company, or a national of a boycotting country. File taxes for 2012 free A foreign corporation in which you own 10% or more of the voting power of all voting stock but only if you own the stock of the foreign corporation directly or through foreign entities. File taxes for 2012 free A partnership in which you are a partner. File taxes for 2012 free A trust you are treated as owning. File taxes for 2012 free Form 5713 required. File taxes for 2012 free   If you have to file a report, you must use Form 5713, International Boycott Report, and attach all supporting schedules. File taxes for 2012 free See the Instructions for Form 5713 for information on when and where to file the form. File taxes for 2012 free Penalty for failure to file. File taxes for 2012 free   If you willfully fail to make a report, in addition to other penalties, you may be fined $25,000 or imprisoned for no more than one year, or both. File taxes for 2012 free Taxes on Combined Foreign Oil and Gas Income You must reduce your foreign taxes by a portion of any foreign taxes imposed on combined foreign oil and gas income. File taxes for 2012 free The amount of the reduction is the amount by which your foreign oil and gas taxes exceed the amount of your combined foreign oil and gas income multiplied by a fraction equal to your pre-credit U. File taxes for 2012 free S. File taxes for 2012 free tax liability (Form 1040, line 44) divided by your worldwide taxable income. File taxes for 2012 free You may be entitled to carry over to other years taxes reduced under this rule. File taxes for 2012 free See Internal Revenue Code section 907(f). File taxes for 2012 free Combined foreign oil and gas income means the sum of foreign oil related income and foreign oil and gas extraction income. File taxes for 2012 free Foreign oil and gas taxes are the sum of foreign oil and gas extraction taxes and foreign oil related taxes. File taxes for 2012 free Taxes of U. File taxes for 2012 free S. File taxes for 2012 free Persons Controlling Foreign Corporations and Partnerships If you had control of a foreign corporation or a foreign partnership for the annual accounting period of that corporation or partnership that ended with or within your tax year, you may have to file an annual information return. File taxes for 2012 free If you do not file the required information return, you may have to reduce the foreign taxes that may be used for the foreign tax credit. File taxes for 2012 free See Penalty for not filing Form 5471 or Form 8865 , later. File taxes for 2012 free U. File taxes for 2012 free S. File taxes for 2012 free persons controlling foreign corporations. File taxes for 2012 free   If you are a U. File taxes for 2012 free S. File taxes for 2012 free citizen or resident who had control of a foreign corporation for an uninterrupted period of at least 30 days during the annual accounting period of that corporation, you may have to file an annual information return on Form 5471, Information Return of U. File taxes for 2012 free S. File taxes for 2012 free Persons With Respect To Certain Foreign Corporations. File taxes for 2012 free Under this rule, you generally had control of a foreign corporation if at any time during your tax year you owned: Stock possessing more than 50% of the total combined voting power of all classes of stock entitled to vote, or More than 50% of the total value of shares of all classes of stock of the foreign corporation. File taxes for 2012 free U. File taxes for 2012 free S. File taxes for 2012 free persons controlling foreign partnerships. File taxes for 2012 free   If you are a U. File taxes for 2012 free S. File taxes for 2012 free citizen or resident who had control of a foreign partnership at any time during the partnership's tax year, you may have to file
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File taxes for 2012 free 24. File taxes for 2012 free   Donaciones Table of Contents Introduction Useful Items - You may want to see: Organizaciones que Reúnen los Requisitos para Recibir Donaciones DeduciblesTipos de Organizaciones Calificadas Donaciones que Puede DeducirDonaciones de las Cuales Usted se Beneficia Gastos Pagados a Nombre de un Estudiante que Vive con Usted Gastos de Bolsillo al Prestar Servicios Donaciones que no Puede DeducirDonaciones Hechas a Personas Físicas Donaciones Hechas a Organizaciones no Calificadas Donaciones de las Cuales Usted se Beneficia Valor de Tiempo o Servicios Gastos Personales Cargos de Tasación Donaciones de BienesExcepción. File taxes for 2012 free Artículos domésticos. File taxes for 2012 free Deducción de más de $500. File taxes for 2012 free Formulario 1098-C. File taxes for 2012 free Se acerca el plazo para la presentación de la declaración y aún no tiene el Formulario 1098-C. File taxes for 2012 free Excepción 1: vehículo usado o mejorado por la organización. File taxes for 2012 free Excepción 2: vehículo donado o vendido a una persona necesitada. File taxes for 2012 free Deducción de $500 o menos. File taxes for 2012 free Derecho al uso de los bienes. File taxes for 2012 free Bienes muebles tangibles. File taxes for 2012 free Intereses futuros. File taxes for 2012 free Determinación del Valor Justo de Mercado Donación de Bienes Cuyo Valor ha Disminuido Donación de Bienes Cuyo Valor ha Aumentado Cuándo Puede Deducir sus DonacionesCheques. File taxes for 2012 free Mensaje de texto. File taxes for 2012 free Tarjeta de crédito. File taxes for 2012 free Pago telefónico. File taxes for 2012 free Título de acciones. File taxes for 2012 free Pagaré. File taxes for 2012 free Opción. File taxes for 2012 free Fondos de un préstamo. File taxes for 2012 free Límites sobre DeduccionesCantidades Trasladadas al Año Siguiente Documentación que se Debe MantenerDonaciones en Efectivo Donaciones que no Sean en Efectivo Gastos de Bolsillo Cómo Declarar las Donaciones Caritativas Introduction Este capítulo explica cómo reclamar una deducción por sus donaciones caritativas. File taxes for 2012 free Trata los siguientes temas: Tipos de organizaciones a las cuales puede hacer donaciones caritativas deducibles. File taxes for 2012 free Tipos de donaciones que puede deducir. File taxes for 2012 free Cuánto puede deducir. File taxes for 2012 free Qué documentos se deben mantener. File taxes for 2012 free Cómo declarar sus donaciones caritativas. File taxes for 2012 free Una donación caritativa es un regalo o donación a una organización calificada para el uso de la misma. File taxes for 2012 free Es voluntaria y se hace sin recibir, o esperar recibir, nada de igual valor a cambio. File taxes for 2012 free Requisito de presentación del Formulario 1040. File taxes for 2012 free    Para deducir una donación caritativa, usted tiene que presentar el Formulario 1040 y detallar sus deducciones en el Anexo A. File taxes for 2012 free La cantidad de su deducción podría ser limitada si ciertas reglas y límites explicados en este capítulo le corresponden. File taxes for 2012 free Los límites se explican con detalle en la Publicación 526, en inglés. File taxes for 2012 free Useful Items - You may want to see: Publicación 526 Charitable Contributions (Donaciones caritativas), en inglés 561 Determining the Value of Donated Property (Cómo determinar el valor de bienes donados), en inglés Formulario (e Instrucciones) Anexo A (Formulario 1040) Itemized Deductions (Deducciones detalladas), en inglés 8283 Noncash Charitable Contributions (Donaciones caritativas que no sean en efectivo), en inglés Organizaciones que Reúnen los Requisitos para Recibir Donaciones Deducibles Puede deducir sus donaciones sólo si las hace a una organización calificada. File taxes for 2012 free La mayoría de las organizaciones que no sean iglesias y gobiernos tienen que hacer la solicitud correspondiente al IRS para convertirse en una organización calificada. File taxes for 2012 free Cómo saber si una organización reúne los requisitos para recibir donaciones caritativas deducibles. File taxes for 2012 free    Se puede preguntar a cualquier organización si es una organización calificada, y la mayoría podrá decírselo. File taxes for 2012 free También podría visitar IRS. File taxes for 2012 free gov y pulsar en “Tools” (Herramientas) y luego en Exempt Organizations Select check (Búsqueda y comprobación de Organizaciones Exentas), en www. File taxes for 2012 free irs. File taxes for 2012 free gov/Charities-&-Non-Profits/Exempt-Organizations-Select-Check. File taxes for 2012 free Esta herramienta electrónica le permite buscar cuáles organizaciones pueden recibir donaciones caritativas deducibles. File taxes for 2012 free   Usted también puede llamar al IRS para saber si una organización reúne los requisitos para recibir dichas donaciones, al 1-877-829-5500. File taxes for 2012 free Personas que son sordas, o tienen impedimentos auditivos o de habla, y que tienen acceso al equipo TTY/TDD pueden llamar al 1-800-829-4059. File taxes for 2012 free Las personas sordas y con impedimentos auditivos también pueden acceder al IRS por medio de servicios de retransmisión, tales como el Federal Relay Service (Servicio de retransmisión federal) en www. File taxes for 2012 free gsa. File taxes for 2012 free gov/fedrelay. File taxes for 2012 free Tipos de Organizaciones Calificadas Generalmente, sólo los tipos de organizaciones siguientes pueden ser organizaciones calificadas: Un fondo para beneficencia social, sociedad anónima, fideicomiso, fondo o fundación, establecido u organizado bajo las leyes de los Estados Unidos, de cualquier estado, del Distrito de Columbia o de cualquier posesión de los Estados Unidos (incluyendo Puerto Rico). File taxes for 2012 free Sin embargo, tiene que estar organizado y administrado sólo con fines caritativos, religiosos, científicos, literarios, educativos o para la prevención de crueldad hacia niños o animales. File taxes for 2012 free Ciertas organizaciones que promuevan competencias nacionales o internacionales de deportes para jugadores no profesionales también reúnen los requisitos. File taxes for 2012 free Organizaciones de veteranos de guerra, incluyendo puestos, grupos auxiliares, fideicomisos o fundaciones organizados en los Estados Unidos o cualquiera de sus posesiones (incluyendo Puerto Rico). File taxes for 2012 free Sociedades, órdenes y asociaciones fraternales nacionales que operen bajo el sistema de logias. File taxes for 2012 free (La donación que haga a este tipo de organización es deducible sólo si se va a usar exclusivamente para propósitos caritativos, religiosos, científicos, literarios o educativos o para la prevención de crueldad hacia niños o animales). File taxes for 2012 free Ciertas empresas o sociedades anónimas de cementerios sin fines de lucro. File taxes for 2012 free (La donación que haga a este tipo de organización no es deducible si se puede usar para el mantenimiento de un espacio particular del cementerio o una cripta de mausoleo). File taxes for 2012 free Los Estados Unidos o cualquier estado, el Distrito de Columbia, una posesión de los Estados Unidos (incluyendo Puerto Rico), una subdivisión política de un estado o posesión de los Estados Unidos o un gobierno tribal de los indios de los Estados Unidos o cualquiera de sus subdivisiones que lleven a cabo funciones gubernamentales sustanciales. File taxes for 2012 free (La donación que haga a este tipo de organización es deducible sólo si se va a usar exclusivamente para fines públicos). File taxes for 2012 free Ejemplos. File taxes for 2012 free    La siguiente lista da algunos ejemplos de organizaciones calificadas: Iglesias, una convención o asociación de iglesias, templos, sinagogas, mezquitas y otras organizaciones religiosas. File taxes for 2012 free La mayoría de las organizaciones caritativas sin fines de lucro, tal como la Cruz Roja de los Estados Unidos o el United Way. File taxes for 2012 free La mayoría de las organizaciones educativas sin fines de lucro, incluidos Boy Scouts of America, Girl Scouts of America, colegios universitarios y museos. File taxes for 2012 free Esto incluye también guarderías sin fines de lucro que proveen servicios de cuidados de niños al público en general sólo si sería razonable declarar que todos los cuidados se proveen para permitir que los padres y tutores de dichos niños trabajen y ganen ingresos. File taxes for 2012 free Sin embargo, si su donación sustituye a la matrícula u otros cargos de inscripción, no es deducible como donación caritativa, como se explica más adelante bajo Donaciones que No Puede Deducir . File taxes for 2012 free Hospitales y organizaciones de investigación médica sin fines de lucro. File taxes for 2012 free Programas de energía para casos de emergencia ofrecidos por las empresas de servicios públicos, siempre que la empresa sea representante de una organización caritativa que presta ayuda a personas que necesiten energía en caso de emergencia. File taxes for 2012 free Cuerpos de bomberos voluntarios sin fines de lucro. File taxes for 2012 free Organizaciones sin fines de lucro que desarrollan y mantienen parques públicos e instalaciones recreativas. File taxes for 2012 free Organizaciones de defensa civil. File taxes for 2012 free Ciertas organizaciones caritativas extranjeras. File taxes for 2012 free    Conforme a los tratados tributarios con Canadá, Israel y México, usted posiblemente pueda deducir sus donaciones a ciertas organizaciones caritativas canadienses, israelís o mexicanas. File taxes for 2012 free Generalmente, usted debe tener fuentes de ingresos que provienen de ese país para hacerlo. File taxes for 2012 free Si desea más información sobre la deducción de sus donaciones a organizaciones caritativas canadienses, vea la Publicación 597, Information on the United States–Canada Income Tax Treaty (Información sobre el tratado tributario entre Estados Unidos y Canadá), en inglés. File taxes for 2012 free Si necesita más información sobre cómo calcular sus donaciones a organizaciones caritativas mexicanas e israelís, vea la Publicación 526, en inglés. File taxes for 2012 free Donaciones que Puede Deducir Generalmente, puede deducir donaciones de dinero o bienes que usted haga a una organización calificada o que son para el uso de la misma. File taxes for 2012 free Una donación es “para el uso de” una organización calificada cuando se mantiene en un fideicomiso ejecutable por ley para la organización calificada o conforme a un acuerdo legal semejante. File taxes for 2012 free Las donaciones tienen que hacerse a una organización calificada sin apartarse para uso de una persona específica. File taxes for 2012 free Si dona propiedad a una organización calificada, normalmente puede deducir el valor justo de mercado de la propiedad al momento de la donación. File taxes for 2012 free Vea Donaciones de Bienes , más adelante en este capítulo. File taxes for 2012 free Su deducción por donaciones caritativas generalmente no puede superar el 50% de su ingreso bruto ajustado (AGI, por sus siglas en inglés), pero en algunos casos podrían corresponder límites del 20% y 30%. File taxes for 2012 free Vea Límites sobre Deducciones , más adelante. File taxes for 2012 free Además el total de la deducción por donaciones caritativas y otras deducciones detalladas pueden ser limitadas. File taxes for 2012 free Vea el capítulo 29. File taxes for 2012 free En la Tabla 24-1, hay algunos ejemplos de donaciones que puede deducir y otras que no puede deducir. File taxes for 2012 free Donaciones de las Cuales Usted se Beneficia Si recibe un beneficio por haber hecho una donación a una organización calificada, puede deducir sólo la cantidad de la donación que sea mayor que el valor del beneficio que recibe. File taxes for 2012 free También, vea Donaciones de las Cuales Usted se Beneficia bajo Donaciones que no Puede Deducir , más adelante. File taxes for 2012 free Si le paga a una organización calificada más del valor justo de mercado por mercancía, bienes o servicios, la cantidad que exceda del valor del artículo puede considerarse una donación caritativa. File taxes for 2012 free Para que la cantidad excedente reúna los requisitos, tiene que pagarla con la intención de hacer una donación caritativa. File taxes for 2012 free Ejemplo 1. File taxes for 2012 free Usted paga $65 por una entrada a una cena y baile en una iglesia. File taxes for 2012 free El pago completo de $65 va destinado a la iglesia. File taxes for 2012 free La entrada a la cena y baile tiene un valor justo de mercado de $25. File taxes for 2012 free Cuando compra la entrada, sabe que el valor de la misma es menos de lo que usted pagó. File taxes for 2012 free Para calcular la cantidad de su donación caritativa, reste el valor del beneficio recibido ($25) del total que pagó ($65). File taxes for 2012 free Puede deducir $40 como una donación hecha a la iglesia. File taxes for 2012 free Ejemplo 2. File taxes for 2012 free En una subasta dirigida por una organización caritativa para recaudar fondos, usted paga $600 por una estancia de una semana en una casa en la playa. File taxes for 2012 free La cantidad que pagó no es mayor que el valor justo de mercado de alquiler. File taxes for 2012 free Usted no ha hecho una donación caritativa deducible. File taxes for 2012 free Eventos deportivos. File taxes for 2012 free   Si hace un pago a una universidad o colegio universitario o en beneficio de los mismos, y, como resultado, recibe los derechos de comprar entradas para un evento deportivo en el estadio de deportes de la universidad o colegio universitario, puede deducir el 80% del pago como una donación caritativa. File taxes for 2012 free   Si alguna parte de su pago es para entradas (y no le da derecho a comprar las mismas), dicha parte no es deducible. File taxes for 2012 free Reste el precio de las entradas de su pago. File taxes for 2012 free Puede deducir el 80% de la cantidad restante como donación caritativa. File taxes for 2012 free Ejemplo 1. File taxes for 2012 free Usted paga $300 al año por afiliarse a un programa de becas deportivas de una universidad. File taxes for 2012 free El único beneficio de la afiliación es tener el derecho de comprar un boleto de temporada, dándole derecho a un asiento en un área especial del estadio para los partidos de fútbol americano de la universidad. File taxes for 2012 free Puede deducir $240 (el 80% de $300) como donación caritativa. File taxes for 2012 free Tabla 24-1. File taxes for 2012 free Ejemplos de Donaciones Caritativas —Verificación Rápida Utilice las siguientes listas para comprobar rápidamente si puede o no deducir una donación. File taxes for 2012 free Vea el resto de este capítulo para más información, reglas y límites adicionales que podrían ser aplicables. File taxes for 2012 free Deducibles  como Donaciones Caritativas No Deducibles  como Donaciones Caritativas Dinero o propiedad que done a:  Iglesias, sinagogas, templos, mezquitas y otras organizaciones religiosas Gobiernos federales, estatales y locales, si su donación es exclusivamente para propósitos públicos (por ejemplo, una donación para reducir la deuda pública o mantener un parque público) Hospitales y escuelas sin fines de lucro The Salvation Army (Ejército de Salvación), Cruz Roja de los Estados Unidos, CARE, Goodwill Industries, United Way, Boy Scouts of America, Girl Scouts of America, Boys & Girls Clubs of America, etcétera Grupos de veteranos de guerra  Gastos que pague por un estudiante que viva con usted, patrocinado por una organización calificada  Gastos de bolsillo que tenga al prestar servicios voluntarios a una organización calificada Dinero o propiedad que done a:  Ligas cívicas, clubes sociales o clubes de deportes, sindicatos y cámaras de comercio Organizaciones extranjeras (excepto ciertas caridades canadienses, israelís y mexicanas) Grupos operados con fines de lucro personal Grupos cuyo propósito es presionar para que se hagan cambios a la ley Asociaciones de propietarios de vivienda Personas físicas Grupos políticos o candidatos a cargos públicos  Costo de billetes de rifa, bingo o lotería  Cuotas, cargos o facturas pagados a clubes, logias, órdenes fraternales o grupos similares  Costo de matrícula  Valor de su tiempo o servicios  Valor de sangre donada a un banco de sangre    Ejemplo 2. File taxes for 2012 free Los hechos son iguales a los del Ejemplo 1 salvo que su pago de $300 incluyó la compra de un boleto de temporada al precio estipulado de $120. File taxes for 2012 free Tiene que restar el precio normal de un boleto ($120) de su pago de $300. File taxes for 2012 free El resultado es $180. File taxes for 2012 free Su donación caritativa es $144 (el 80% de $180). File taxes for 2012 free Eventos benéficos de caridad. File taxes for 2012 free   Si le paga a una organización calificada más que el valor justo de mercado por el derecho de asistir a un baile, banquete, espectáculo, evento deportivo u otro evento benéfico, puede deducir sólo la cantidad que supere el valor de los privilegios u otros beneficios que reciba. File taxes for 2012 free   Si hay un cargo establecido por el evento, dicho cargo es el valor de su beneficio. File taxes for 2012 free Si no hay ningún cargo establecido, el valor razonable del derecho de asistir al evento se considera el valor de su beneficio. File taxes for 2012 free El hecho de usar o no usar los boletos de entrada u otros privilegios, no cambia la cantidad que puede deducir. File taxes for 2012 free Sin embargo, si devuelve el boleto de entrada a la organización calificada para reventa, sí puede deducir la cantidad completa que pagó por el boleto de entrada. File taxes for 2012 free    Aun si el boleto u otro comprobante de pago indica que el pago es una “donación”, eso no significa que pueda deducir la cantidad completa. File taxes for 2012 free Si el boleto muestra el precio de entrada y la cantidad de la donación, sí puede deducir la cantidad de dicha donación. File taxes for 2012 free Ejemplo. File taxes for 2012 free Usted paga $40 por un boleto para ver una película en beneficio de una organización calificada. File taxes for 2012 free El boleto tiene impreso “Donación: $40”. File taxes for 2012 free Si el precio habitual de la película es $8, su donación es $32 (pago de $40 menos el precio habitual de $8). File taxes for 2012 free Cuota o cargos de afiliación. File taxes for 2012 free    Es posible que pueda deducir cargos o cuotas de afiliación que le paga a una organización calificada. File taxes for 2012 free Sin embargo, puede deducir sólo la cantidad que supere el valor de los beneficios que recibió. File taxes for 2012 free   No puede deducir honorarios, cargos o cuotas pagados a clubes y otras organizaciones sociales. File taxes for 2012 free Éstas no son organizaciones calificadas. File taxes for 2012 free Ciertos beneficios de afiliación pueden ignorarse. File taxes for 2012 free   Tanto usted como la organización pueden ignorar los siguientes beneficios de afiliación si usted los recibe a cambio de un pago anual de $75 o menos. File taxes for 2012 free Cualquier derecho o privilegio, que no sea aquél tratado bajo Eventos deportivos , anteriormente, que pueda usar frecuentemente mientras sea miembro, tales como: Entrada gratuita o rebajada a las instalaciones o eventos de la organización, Estacionamiento gratuito o rebajado, Acceso privilegiado a bienes o servicios y Descuentos en la compra de bienes o servicios. File taxes for 2012 free Mientras usted sea miembro, la entrada a eventos a los cuales sólo puedan asistir miembros de la organización, si dicha organización ha estimado adecuadamente que el costo por persona (excluidos todos los gastos generales) no será más de $10. File taxes for 2012 free 20. File taxes for 2012 free Artículos simbólicos. File taxes for 2012 free   Usted no tiene que reducir su donación por el valor de ningún beneficio que reciba si se cumple lo siguiente: Usted sólo recibe un pequeño artículo u otro beneficio de valor simbólico. File taxes for 2012 free La organización calificada determina correctamente que el valor del artículo o beneficio que recibió no es sustancial y le informa que puede deducir la totalidad de su pago. File taxes for 2012 free Declaración por escrito. File taxes for 2012 free   Una organización calificada tiene que darle una declaración por escrito si usted hace un pago a la misma superior a $75, si ésta es en parte una donación y en parte a cambio de bienes o servicios. File taxes for 2012 free Dicha declaración tiene que decir que puede deducir sólo la cantidad del pago que supere al valor de los bienes o servicios que usted recibió. File taxes for 2012 free También tiene que darle un cálculo aproximado de buena fe del valor de esos bienes o servicios. File taxes for 2012 free   La organización le puede dar la declaración escrita cuando la solicite o cuando reciba el pago de usted. File taxes for 2012 free Excepción. File taxes for 2012 free   Una organización no tendrá que darle esta declaración escrita si se cumple alguna de las siguientes afirmaciones: La organización: Es una organización gubernamental descrita en el (5) bajo Tipos de Organizaciones Calificadas , anteriormente o Se fundó sólo para propósitos religiosos y el único beneficio que usted recibe es un beneficio religioso intangible (tal como la entrada a una ceremonia religiosa) que no se suele vender en transacciones comerciales fuera del contexto de donación. File taxes for 2012 free Usted recibe sólo artículos cuyo valor no es sustancial como se describe en Artículos simbólicos , anteriormente. File taxes for 2012 free Usted recibe sólo beneficios de afiliación que se pueden ignorar, como se describe anteriormente. File taxes for 2012 free Gastos Pagados a Nombre de un Estudiante que Vive con Usted Usted posiblemente pueda deducir algunos de los gastos ocasionados por haber hospedado a un estudiante. File taxes for 2012 free Puede deducir gastos calificados por un estudiante extranjero o estadounidense que: Viva en su hogar conforme a un acuerdo escrito entre usted y una organización calificada, como parte de un programa de la misma para proveerle oportunidades educativas al estudiante, No es su pariente o dependiente y Es un estudiante a tiempo completo en el grado 12 o un grado inferior en una escuela de los Estados Unidos. File taxes for 2012 free Puede deducir hasta $50 al mes por cada mes natural completo que el estudiante viva con usted. File taxes for 2012 free Todo mes en que las condiciones desde la (1) hasta la (3) se cumplan por 15 días o más, cuenta como un mes completo. File taxes for 2012 free Para información adicional, vea Expenses Paid for Student Living With You (Gastos pagados para un estudiante que vive con usted), en la Publicación 526, en inglés. File taxes for 2012 free Programa de intercambio mutuo. File taxes for 2012 free   No puede deducir los costos relacionados con un estudiante extranjero que viva en su hogar bajo un programa de intercambio mutuo a través del cual su hijo vivirá con una familia en un país extranjero. File taxes for 2012 free Tabla 24-2. File taxes for 2012 free Preguntas de Voluntarios y sus Respuestas Si hace trabajo voluntario para una organización calificada, las siguientes preguntas y respuestas podrían corresponderle. File taxes for 2012 free Todas las reglas explicadas en este capítulo también corresponden. File taxes for 2012 free Vea, en específico, Gastos de Bolsillo al Prestar Servicios , más adelante. File taxes for 2012 free Pregunta Respuesta Hago trabajo voluntario 6 horas a la semana en la oficina de una organización calificada. File taxes for 2012 free A la recepcionista se le paga $10 por hora por el mismo trabajo que hago yo. File taxes for 2012 free ¿Puedo deducir $60 a la semana por mi tiempo?    No, no puede deducir el valor de su tiempo o servicios. File taxes for 2012 free La oficina está ubicada a 30 millas de mi hogar. File taxes for 2012 free ¿Puedo deducir algunos de mis gastos de automóvil por estos viajes? Sí, puede deducir los gastos de gasolina y aceite que estén directamente relacionados con los viajes de ida y vuelta del sitio donde usted es voluntario. File taxes for 2012 free Si no quiere calcular los gastos reales, puede deducir 14 centavos por cada milla. File taxes for 2012 free Hago trabajo voluntario como asistente de enfermera de la Cruz Roja en un hospital. File taxes for 2012 free ¿Puedo deducir el costo de los uniformes que tengo que usar? Sí, puede deducir el costo de comprar y lavar sus uniformes si el hospital es una organización calificada, los uniformes no son apropiados para uso cotidiano y tiene que llevarlos puestos cuando haga su trabajo voluntario. File taxes for 2012 free Le pago a una persona para cuidar de mis hijos mientras trabajo como voluntario para una organización calificada. File taxes for 2012 free ¿Puedo deducir esos gastos? No, no puede deducir pagos por gastos de cuidado de niños como una donación caritativa, aun si son necesarios para que usted pueda hacer trabajo voluntario. File taxes for 2012 free (Si tiene gastos de cuidado de niños para poder hacer trabajo remunerado, vea el capítulo 32). File taxes for 2012 free Gastos de Bolsillo al Prestar Servicios Aunque no puede deducir el valor de los servicios que haya prestado a una organización calificada, es posible que pueda deducir algunos gastos pagados al prestarlos. File taxes for 2012 free Los gastos tienen que ser: Gastos que no hayan sido reembolsados, Directamente relacionados con los servicios, Gastos que tuvo sólo debido a los servicios que prestó y Gastos que no sean gastos personales, diarios o de familia. File taxes for 2012 free La Tabla 24-2 contiene preguntas y respuestas aplicables a algunas personas que ofrecen sus servicios como voluntarios. File taxes for 2012 free Convenciones. File taxes for 2012 free   Si es representante elegido para asistir a una convención de una organización calificada, puede deducir gastos no reembolsados por viajes y transporte, incluyendo una cantidad razonable por comida y alojamiento, mientras pasa la noche fuera de su casa por razones de la convención. File taxes for 2012 free No obstante, vea Viajes , más adelante. File taxes for 2012 free   No puede deducir gastos personales por turismo, fiestas organizadas para excursiones de pesca, boletos de entrada para el teatro o clubes nocturnos. File taxes for 2012 free Tampoco puede deducir gastos de transporte, comida y alojamiento ni otros gastos por su cónyuge o sus hijos. File taxes for 2012 free    No puede deducir sus gastos por asistir a una convención religiosa si va sólo como miembro de su iglesia y no como un representante elegido. File taxes for 2012 free Sin embargo, puede deducir gastos no reembolsados que estén directamente relacionados con prestar servicios en nombre de su iglesia durante la convención. File taxes for 2012 free Uniformes. File taxes for 2012 free   Puede deducir el costo y mantenimiento de uniformes que no sean apropiados para uso cotidiano y que usted tenga que llevar puestos mientras presta servicios donados para una institución benéfica. File taxes for 2012 free Padres de crianza. File taxes for 2012 free   Usted posiblemente pueda deducir como donación caritativa algunos de los costos de ser padre o madre de crianza (proveedor de cuidado de crianza) si no tiene un fin de lucro al proveer dicho cuidado de crianza y, de hecho, no obtiene lucro alguno. File taxes for 2012 free Las personas que usted acoja en su hogar para cuidado de crianza tienen que ser nombradas por una organización calificada. File taxes for 2012 free    Puede deducir gastos que reúnan los siguientes requisitos: Son gastos de bolsillo por dar de comer, vestir y cuidar al hijo de crianza y no han sido reembolsados. File taxes for 2012 free Son gastos incurridos principalmente para beneficiar a la organización calificada. File taxes for 2012 free   Puede que los gastos no reembolsados que no pueda deducir como donaciones caritativas sean considerados manutención provista por usted al determinar si puede reclamar al hijo de crianza como dependiente. File taxes for 2012 free Para más detalles, vea el capítulo 3. File taxes for 2012 free Ejemplo. File taxes for 2012 free Usted cuidó de una hija de crianza porque quería adoptarla, no para beneficiar a la agencia que la colocó en su hogar. File taxes for 2012 free Los gastos que haya tenido y que no hayan sido reembolsados no se pueden deducir como donaciones caritativas. File taxes for 2012 free Gastos de automóvil. File taxes for 2012 free   Puede deducir como donación caritativa gastos de bolsillo no reembolsados, como el costo de gasolina y aceite, que estén directamente relacionados con el uso de su automóvil para prestar servicios a una organización caritativa. File taxes for 2012 free No puede deducir gastos generales por reparaciones y mantenimiento, depreciación, cargos de matrícula o los costos de llantas o seguro. File taxes for 2012 free    Si no quiere deducir sus gastos reales, puede usar una tarifa estándar por milla de 14 centavos para calcular su donación. File taxes for 2012 free   Puede deducir gastos de estacionamiento y peaje independientemente de si deduce sus gastos reales o la tarifa estándar por milla. File taxes for 2012 free   Tiene que mantener documentación escrita confiable de los gastos de automóvil. File taxes for 2012 free Para más información, vea Gastos de automóvil bajo Documentación que se Debe Mantener , más adelante. File taxes for 2012 free Viajes. File taxes for 2012 free   Generalmente, puede reclamar una deducción por donaciones caritativas por gastos de viaje en los que ha incurrido necesariamente mientras esté fuera de su domicilio prestando servicios para una organización caritativa, sólo si el viaje no incluye ningún elemento significativo de placer personal, recreación o vacaciones. File taxes for 2012 free Esto es aplicable tanto si usted paga los gastos directamente o indirectamente. File taxes for 2012 free Usted paga los gastos indirectamente si le hace un pago a la organización caritativa y dicha institución le paga a usted sus gastos de viaje. File taxes for 2012 free   La deducción por gastos de viaje no le será denegada sencillamente porque disfrute de proveer servicios a la organización caritativa. File taxes for 2012 free Aun si usted disfruta del viaje, puede reclamar una deducción por donación caritativa por sus gastos de viaje si está de servicio en un sentido verdadero e íntegro durante todo el viaje. File taxes for 2012 free No obstante, si tiene sólo tareas menores, o si durante partes significativas del viaje no tiene ninguna tarea, no puede deducir sus gastos de viaje. File taxes for 2012 free Ejemplo 1. File taxes for 2012 free Usted es jefe de un grupo juvenil exento de impuestos y lleva al grupo a acampar. File taxes for 2012 free Es responsable de dirigir la instalación del campamento y proveer supervisión adulta para otras actividades durante todo el viaje. File taxes for 2012 free Participa en las actividades del grupo y disfruta del tiempo que pasa con los integrantes del mismo. File taxes for 2012 free Usted dirige el levantamiento del campamento y transporta al grupo de regreso a casa. File taxes for 2012 free Usted puede deducir sus gastos de viaje. File taxes for 2012 free Ejemplo 2. File taxes for 2012 free Usted va de una isla a otra en velero y pasa 8 horas al día contando ballenas y otras formas de vida marina. File taxes for 2012 free El proyecto es auspiciado por una organización caritativa. File taxes for 2012 free En la mayoría de las circunstancias, no puede deducir sus gastos. File taxes for 2012 free Ejemplo 3. File taxes for 2012 free Usted trabaja varias horas cada mañana en una excavación arqueológica patrocinada por una organización caritativa. File taxes for 2012 free El resto del día, lo tiene libre para dedicarse al recreo y turismo. File taxes for 2012 free No puede tomar una deducción por donación caritativa aunque trabaje muy duro durante esas pocas horas. File taxes for 2012 free Ejemplo 4. File taxes for 2012 free Usted pasa el día entero asistiendo a la conferencia regional de una organización caritativa como representante elegido. File taxes for 2012 free Por la tarde, va al teatro. File taxes for 2012 free Puede declarar sus gastos de viaje como donaciones caritativas, pero no puede declarar los gastos de la tarde que usted pasó en el teatro. File taxes for 2012 free Asignación para gastos diarios (viáticos). File taxes for 2012 free   Si provee servicios para una organización calificada y recibe un estipendio diario para cubrir gastos de viaje razonables, incluyendo comidas y alojamiento mientras pasa la noche fuera de su domicilio, tendrá que incluir en su ingreso cualquier parte del estipendio que sea mayor que sus gastos de viaje deducibles. File taxes for 2012 free Tal vez pueda deducir los gastos de viaje necesarios que sean mayores que el estipendio. File taxes for 2012 free Gastos de viaje deducibles. File taxes for 2012 free   Éstos incluyen: Transporte en avión, tren y autobús, Gastos de bolsillo por el automóvil, Tarifas de taxi y otros gastos de transporte entre el aeropuerto o estación y su hotel, Costos de alojamiento y Costo de comidas. File taxes for 2012 free Debido a que estos gastos de viaje no están relacionados con los negocios, dichos gastos no están sujetos a los mismos límites que los gastos relacionados con los negocios. File taxes for 2012 free Para información sobre gastos de viaje de negocios, vea Gastos de Viaje en el capítulo 26. File taxes for 2012 free Donaciones que no Puede Deducir Hay algunas donaciones que no puede deducir, tales como aquéllas hechas a personas específicas y aquéllas hechas a organizaciones no calificadas. File taxes for 2012 free (Vea Donaciones Hechas a Personas Físicas y Donaciones Hechas a Organizaciones no Calificadas , más adelante). File taxes for 2012 free Hay otras por las cuales usted puede deducir sólo una parte, como se explica más adelante bajo Donaciones de las Cuales Usted se Beneficia . File taxes for 2012 free Donaciones Hechas a Personas Físicas No puede deducir donaciones hechas a personas físicas específicas, incluyendo las siguientes: Donaciones hechas a sociedades fraternales para el propósito de pagar gastos médicos o gastos fúnebres de miembros fallecidos. File taxes for 2012 free Donaciones hechas a personas necesitadas o dignas de ayuda. File taxes for 2012 free No puede deducir estas donaciones aun si las hace a una organización calificada, si las hace a nombre de una persona específica. File taxes for 2012 free Pero puede deducir una donación a una organización calificada que ayude a personas necesitadas o dignas de ayuda, si usted no indica que su donación es para una persona específica. File taxes for 2012 free Ejemplo. File taxes for 2012 free Puede deducir donaciones hechas a una organización calificada por asistencia en caso de inundaciones, huracanes u otro desastre. File taxes for 2012 free Sin embargo, no puede deducir donaciones destinadas a la asistencia de una persona o familia específica. File taxes for 2012 free Pagos hechos a un miembro del clero que él o ella pueda gastar a gusto suyo; por ejemplo, pagos por gastos personales. File taxes for 2012 free Gastos que usted pague por otra persona que provea servicios a una organización calificada. File taxes for 2012 free Ejemplo. File taxes for 2012 free Su hijo trabaja como misionero. File taxes for 2012 free Usted paga sus gastos. File taxes for 2012 free No puede reclamar una deducción por los gastos no reembolsados de su hijo relacionados con la prestación de sus servicios. File taxes for 2012 free Pagos hechos a un hospital por el cuidado de un paciente específico o por servicios prestados a un paciente específico. File taxes for 2012 free No puede deducir estos pagos aunque el hospital esté administrado por una ciudad, estado u otra organización calificada. File taxes for 2012 free Donaciones Hechas a Organizaciones no Calificadas No puede deducir donaciones hechas a organizaciones que no reúnan los requisitos para recibir donaciones deducibles, incluyendo las siguientes: Ciertos colegios de abogados estatales si: El colegio de abogados no es una subdivisión política de un estado, El colegio de abogados tiene propósitos privados además de propósitos públicos, tal como promover los intereses profesionales de sus miembros y La donación hecha por usted no tiene restricciones y puede ser usada para propósitos privados. File taxes for 2012 free Cámaras de comercio y otras asociaciones u organizaciones comerciales (pero vea el capítulo 28). File taxes for 2012 free Asociaciones y ligas cívicas. File taxes for 2012 free Organizaciones comunistas. File taxes for 2012 free Clubes sociales. File taxes for 2012 free La mayoría de las organizaciones extranjeras (excepto ciertas organizaciones caritativas canadienses, israelís o mexicanas). File taxes for 2012 free Para más detalles, vea la Publicación 526, en inglés. File taxes for 2012 free Asociaciones de propietarios de viviendas. File taxes for 2012 free Sindicatos laborales (pero vea el capítulo 28). File taxes for 2012 free Organizaciones y candidatos políticos. File taxes for 2012 free Donaciones de las Cuales Usted se Beneficia Si recibe o espera recibir un beneficio financiero o económico a raíz de haber hecho una donación a una organización calificada, no puede deducir la parte de la donación que represente el valor del beneficio que recibe. File taxes for 2012 free Vea Donaciones de las Cuales Usted se Beneficia bajo Donaciones que Puede Deducir , anteriormente. File taxes for 2012 free Estas donaciones incluyen lo siguiente: Donaciones por cabildeo. File taxes for 2012 free Esto incluye cantidades cuyo uso usted destine para influir en legislación específica, o en relación con la misma. File taxes for 2012 free Donaciones hechas a un hogar para personas de la tercera edad que sean para alojamiento, comida, mantenimiento o el derecho de ingresarse a dicho hogar. File taxes for 2012 free Además, si la cantidad de su donación depende del tipo o tamaño de apartamento que usted va a ocupar, no es una donación caritativa. File taxes for 2012 free Costos de rifas, bingo, lotería, etcétera. File taxes for 2012 free No puede deducir como una donación caritativa cantidades que pague para comprar boletos de rifa o lotería o para jugar al bingo u otros juegos de azar. File taxes for 2012 free Para información sobre cómo declarar ganancias y pérdidas de juego, vea Ganancias de juegos y apuestas , en el capítulo 12, y Pérdidas de Apuestas y Juegos de Azar hasta la Cantidad de sus Ganancias de Juego , en el capítulo 28. File taxes for 2012 free Cuotas pagadas a órdenes fraternales y grupos parecidos. File taxes for 2012 free No obstante, vea la sección anterior, Cuota o cargos de afiliación bajo Donaciones que Puede Deducir . File taxes for 2012 free Costos de matrícula o cantidades que pague en su lugar. File taxes for 2012 free No puede deducir como donación caritativa las cantidades que pague por costos de matrícula, aunque las pague para que niños asistan a escuelas parroquiales o guarderías calificadas que operan sin fines de lucro. File taxes for 2012 free Tampoco puede deducir cantidad fija alguna que tenga que pagar además del cargo por matrícula de una escuela privada, o en lugar del mismo, aunque haya sido designada como una “donación”. File taxes for 2012 free Valor de Tiempo o Servicios No puede deducir el valor de su tiempo o servicios, incluyendo: Donaciones de sangre hechas a la Cruz Roja de los Estados Unidos o a bancos de sangre y El valor de ingresos perdidos mientras trabaja como voluntario sin remuneración para una organización calificada. File taxes for 2012 free Gastos Personales No puede deducir gastos personales, diarios o de familia, tales como los siguientes: El costo de comidas que consuma mientras presta servicios para una organización calificada a menos que sea necesario pasar la noche fuera de su hogar mientras presta los servicios. File taxes for 2012 free Gastos de adopción, incluidos los cargos que se le pagan a una agencia de adopción y los costos de alojar a un niño en su hogar antes de que la adopción sea final (pero vea Crédito por Adopción en el capítulo 37 y las instrucciones del Formulario 8839, Qualified Adoption Expenses (Gastos de adopción calificados), en inglés). File taxes for 2012 free Además, es posible que pueda reclamar una exención por el hijo. File taxes for 2012 free Vea Hijo adoptivo en el capítulo 3. File taxes for 2012 free Cargos de Tasación Los cargos que pague para averiguar el valor justo de mercado de bienes donados no se pueden deducir como donaciones (vea el capítulo 28). File taxes for 2012 free Donaciones de Bienes Si dona bienes a una organización calificada, la cantidad de su donación caritativa suele ser el valor justo de mercado de los bienes al momento de hacer la donación. File taxes for 2012 free Sin embargo, si el valor de los bienes ha aumentado, es posible que se vea obligado a hacer ajustes a la cantidad de la deducción. File taxes for 2012 free Vea Donación de Bienes Cuyo Valor ha Aumentado , más adelante. File taxes for 2012 free Para información acerca de la documentación que necesita mantener y la información que tiene que entregar junto con su declaración de impuestos si dona bienes, vea Documentación que se Debe Mantener y Cómo Declarar las Donaciones Caritativas , más adelante. File taxes for 2012 free Ropa y artículos domésticos. File taxes for 2012 free   Si dona ropa o artículos domésticos, la ropa o artículos domésticos tienen que estar, como mínimo, en buenas condiciones, para usted poder reclamar una deducción correspondiente a dichos artículos. File taxes for 2012 free Excepción. File taxes for 2012 free   Puede deducir la donación de una prenda de vestir o enseres domésticos que no estén, como mínimo, en buen estado, si declara una deducción de más de $500 por éstos e incluye junto con su declaración de impuestos una valoración calificada de los mismos. File taxes for 2012 free Artículos domésticos. File taxes for 2012 free   Los artículos domésticos incluyen: Muebles y mobiliario, Equipo electrónico, Enseres eléctricos, Ropa de cama y Otros artículos semejantes. File taxes for 2012 free   Los artículos domésticos no incluyen: Alimentos, Pinturas, antigüedades y otros objetos de arte, Joyas y gemas, y Colecciones. File taxes for 2012 free Automóviles, barcos y aviones. File taxes for 2012 free    Las siguientes reglas corresponden a toda donación de un vehículo que reúna los requisitos. File taxes for 2012 free Un vehículo que reúne los requisitos es: Un automóvil o todo vehículo de motor fabricado principalmente para uso en carreteras, caminos y carreteras públicas, Un barco, o Un avión. File taxes for 2012 free Deducción de más de $500. File taxes for 2012 free   Si dona un vehículo que reúna los requisitos con valor justo de mercado declarado de más de $500, puede deducir la cantidad que sea menor entre las siguientes: Las ganancias brutas procedentes de la venta del vehículo por la organización o El valor justo de mercado del vehículo en la fecha de la donación. File taxes for 2012 free Si el valor justo de mercado del vehículo era mayor a su costo u otra base, es posible que tenga que reducir el valor justo de mercado para obtener la cantidad deducible, según se describe bajo Donación de Bienes Cuyo Valor ha Aumentado , más adelante. File taxes for 2012 free Formulario 1098-C. File taxes for 2012 free   Tiene que adjuntar a su declaración de impuestos la Copia B del Formulario 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes (Donaciones de vehículos motorizados, barcos y aviones), en inglés, u otra declaración escrita que contenga la misma información que el Formulario 1098-C, que usted recibió de la organización. File taxes for 2012 free El Formulario 1098-C (u otra declaración escrita) mostrará la ganancia bruta procedente de la venta del vehículo. File taxes for 2012 free   Si presenta la declaración por vía electrónica, tiene que: adjuntar la Copia B del Formulario 1098-C al Formulario 8453(SP) (o al Formulario 8453, en inglés) y enviar dichos formularios al IRS o adjuntar la Copia B del Formulario 1098-C como documento de tipo PDF si su programa de computadora lo permite. File taxes for 2012 free   Si usted no adjunta el Formulario 1098-C (u otra declaración escrita), no puede deducir su donación. File taxes for 2012 free   Tiene que obtener el Formulario 1098-C (u otra declaración escrita) dentro de los 30 días a partir de la venta del vehículo. File taxes for 2012 free Si le corresponde la Excepción 1 ó 2 (descritas más adelante), tiene que obtener el Formulario 1098-C (u otra declaración escrita) dentro de los 30 días de la donación. File taxes for 2012 free Se acerca el plazo para la presentación de la declaración y aún no tiene el Formulario 1098-C. File taxes for 2012 free   Si se acerca el plazo para la presentación de la declaración y aún no ha recibido el Formulario 1098-C, usted tiene dos opciones: Solicitar una prórroga automática de 6 meses para presentar la declaración. File taxes for 2012 free Puede obtener esta prórroga mediante la presentación del Formulario 4868(SP), Solicitud de Prórroga Automática para Presentar la Declaración de Impuestos sobre el Ingreso Personal de los Estados Unidos (o el Formulario 4868, Application for Automatic Extension of Time To File U. File taxes for 2012 free S. File taxes for 2012 free Individual Income Tax Return, en inglés). File taxes for 2012 free Para más información, vea Prórroga Automática , en el capítulo 1. File taxes for 2012 free Presentar la declaración de impuestos dentro del plazo sin reclamar la deducción por el vehículo que reúne los requisitos. File taxes for 2012 free Después de haber recibido el Formulario 1098-C, puede presentar una declaración enmendada, es decir, el Formulario 1040X, Amended U. File taxes for 2012 free S. File taxes for 2012 free Individual Income Tax Return (Declaración enmendada de impuestos sobre el ingreso personal de los Estados Unidos), en inglés, para reclamar la deducción. File taxes for 2012 free Adjunte la Copia B del Formulario 1098-C (u otra declaración escrita) a la declaración enmendada. File taxes for 2012 free Para obtener más información sobre las declaraciones enmendadas, vea Declaraciones Enmendadas y Reclamaciones de Reembolso , en el capítulo 1. File taxes for 2012 free Excepciones. File taxes for 2012 free   Existen dos excepciones a las reglas relativas a las deducciones de más de $500 que se acaban de explicar. File taxes for 2012 free Excepción 1: vehículo usado o mejorado por la organización. File taxes for 2012 free   Si la organización calificada hace uso significativo del vehículo, o le hace mejoras materiales al mismo antes de traspasarlo, normalmente puede deducir el valor justo de mercado del vehículo al momento de la donación. File taxes for 2012 free No obstante, si el valor justo de mercado del vehículo era mayor a su costo u otra base, es posible que tenga que reducir el valor justo de mercado para obtener la cantidad deducible, según se describe en Donación de Bienes Cuyo Valor ha Aumentado , más adelante. File taxes for 2012 free El Formulario 1098-C (u otra declaración escrita) indicará si corresponde esta excepción. File taxes for 2012 free Excepción 2: vehículo donado o vendido a una persona necesitada. File taxes for 2012 free   Si la organización calificada regala el vehículo o lo vende a un precio mucho menor que el valor justo de mercado a una persona necesitada para promover los fines caritativos de la organización, generalmente puede deducir el valor justo de mercado del vehículo al momento de la donación. File taxes for 2012 free No obstante, si el valor justo de mercado del vehículo era mayor a su costo u otra base, es posible que tenga que reducir el valor justo de mercado para obtener la cantidad deducible, según se describe bajo Donación de Bienes Cuyo Valor ha Aumentado , más adelante. File taxes for 2012 free El Formulario 1098-C (u otra declaración escrita) indicará si corresponde esta excepción. File taxes for 2012 free   Esta excepción no corresponde si la organización vende el vehículo en una subasta. File taxes for 2012 free En tal caso, no puede deducir el valor justo de mercado del vehículo. File taxes for 2012 free Ejemplo. File taxes for 2012 free Anita dona un automóvil usado a una organización calificada. File taxes for 2012 free Ella lo compró hace 3 años por $9,000. File taxes for 2012 free Una guía de automóviles usados muestra el valor justo de mercado de $6,000 para ese tipo de automóvil. File taxes for 2012 free No obstante, Anita recibe un Formulario 1098-C de la organización que indica que el automóvil fue vendido por $2,900. File taxes for 2012 free Ni la Excepción 1 ni la Excepción 2 corresponde. File taxes for 2012 free Si Anita detalla sus deducciones, puede deducir $2,900 por su donación. File taxes for 2012 free Tiene que adjuntar el Formulario 1098-C y el Formulario 8283 a su declaración de impuestos. File taxes for 2012 free Deducción de $500 o menos. File taxes for 2012 free   Si la organización calificada vende el vehículo por $500 o menos y las Excepciones 1 y 2 no corresponden, puede deducir la cantidad que sea menor de las siguientes: $500 o El valor justo de mercado del vehículo en la fecha de la donación. File taxes for 2012 free No obstante, si el valor justo de mercado del vehículo era mayor a su costo u otra base, es posible que tenga que reducir el valor justo de mercado para obtener la cantidad deducible, según se describe bajo Donación de Bienes Cuyo Valor ha Aumentado , más adelante. File taxes for 2012 free   Si el valor justo de mercado del vehículo es al menos $250 pero no más de $500, tiene que tener una declaración escrita de la organización calificada que acuse recibo de su donación. File taxes for 2012 free La declaración escrita tiene que contener la información y reunir los requisitos para un acuse de recibo bajo Deducciones de un Mínimo de $250 pero de un Máximo de $500 bajo Documentación que se Debe Mantener , más adelante. File taxes for 2012 free Participación parcial en los bienes. File taxes for 2012 free   Por lo general, no puede deducir una donación caritativa de una cantidad menor que la cantidad total de su participación en los bienes. File taxes for 2012 free Derecho al uso de los bienes. File taxes for 2012 free   Una donación del derecho de usar bienes es una donación de una cantidad menor que el total de su participación en aquellos bienes y no es deducible. File taxes for 2012 free Para excepciones y más información, vea Partial Interest in Property Not in Trust (Participación parcial en bienes no colocados en fideicomiso) en la Publicación 561, en inglés. File taxes for 2012 free Intereses futuros en bienes muebles tangibles. File taxes for 2012 free   No puede deducir el valor de una donación caritativa que hizo en forma de intereses futuros en bienes muebles tangibles, hasta después de que todos los intereses intermedios y derechos a la posesión de hecho de la propiedad hayan caducado o hayan sido entregados a alguien que no sea usted, un pariente o una organización relacionada. File taxes for 2012 free Bienes muebles tangibles. File taxes for 2012 free   Éstos son bienes de cualquier tipo, que no sean terrenos o edificios, que se puedan ver o tocar. File taxes for 2012 free Incluyen muebles, libros, joyas, pinturas y automóviles. File taxes for 2012 free Intereses futuros. File taxes for 2012 free   Éstos corresponden a intereses que deban comenzar en un futuro, independientemente de si son designados como intereses futuros bajo ley estatal. File taxes for 2012 free Determinación del Valor Justo de Mercado Esta sección trata de las pautas generales para determinar el valor justo de mercado de varios tipos de bienes donados. File taxes for 2012 free La Publicación 561, en inglés, contiene una explicación más completa. File taxes for 2012 free El valor justo de mercado es el precio que tiene el bien en el momento que deja de ser propiedad del vendedor y se vuelve propiedad del comprador, sin que ninguno esté obligado a comprar o vender y teniendo ambos conocimiento razonable de todos los hechos pertinentes. File taxes for 2012 free Ropa usada y artículos domésticos usados. File taxes for 2012 free   Generalmente, el valor justo de mercado de ropa y artículos domésticos usados es mucho menor que el precio al que usted los compró cuando estaban nuevos. File taxes for 2012 free   Para ropa usada, debe reclamar como valor el precio que compradores de artículos usados de hecho pagan en tiendas de ropa usada, tales como tiendas de mercancía de segunda mano o tiendas de consignación. File taxes for 2012 free Vea Household Goods (Artículos domésticos) en la Publicación 561, en inglés, para información sobre la valorización de artículos domésticos, tales como muebles, enseres eléctricos y ropa de cama. File taxes for 2012 free Ejemplo. File taxes for 2012 free Diana Naranjo donó un abrigo a una tienda de mercancía de segunda mano administrada por su iglesia. File taxes for 2012 free Ella pagó $300 por el abrigo hace tres años. File taxes for 2012 free Abrigos parecidos se venden en la tienda por $50. File taxes for 2012 free El valor justo de mercado del abrigo es $50. File taxes for 2012 free La donación de Diana se limita a $50. File taxes for 2012 free Automóviles, barcos y aviones. File taxes for 2012 free   Si dona un automóvil, barco o avión a una organización caritativa, tiene que determinar su valor justo de mercado. File taxes for 2012 free Ciertas empresas y organizaciones comerciales publican guías para determinar el precio de automóviles usados, conocidos como “ blue books ” (libros azules), que contienen precios de venta completos de concesionarios o precios promedio de concesionarios para modelos de años recientes. File taxes for 2012 free Las guías pueden ser publicadas mensualmente o por temporadas y para diferentes regiones del país. File taxes for 2012 free Estas guías también proveen cómputos aproximados para hacer ajustes correspondientes a equipo poco común, millas recorridas fuera de lo normal y estado físico. File taxes for 2012 free Los precios no son “oficiales” y estas publicaciones no se consideran una valorización de ningún bien donado en específico. File taxes for 2012 free Pero sí dan una idea para hacer una valorización y sugerir precios relativos que se puedan comparar con ventas y ofertas actuales en su área. File taxes for 2012 free   También hay información disponible por Internet acerca del valor de automóviles usados. File taxes for 2012 free Ejemplo. File taxes for 2012 free Usted hace una donación de un automóvil usado, que está en mal estado, a una escuela secundaria local, para el uso de estudiantes que toman cursos de reparación de vehículos. File taxes for 2012 free Una guía de automóviles usados muestra que el valor de venta al por menor del concesionario para este tipo de automóvil en mal estado es de $1,600. File taxes for 2012 free Sin embargo, la guía muestra que el precio de venta de un vendedor privado de dicho automóvil es sólo de $750. File taxes for 2012 free Se considera que el valor justo de mercado del automóvil es $750. File taxes for 2012 free Cantidades grandes. File taxes for 2012 free   Si dona una gran cantidad del mismo artículo, el valor justo de mercado es el precio al que se venden cantidades comparables de dicho artículo. File taxes for 2012 free Donación de Bienes Cuyo Valor ha Disminuido Si dona bienes con un valor justo de mercado menor que su base en los mismos, su deducción se limita al valor justo de mercado de dichos bienes. File taxes for 2012 free No puede reclamar una deducción por la diferencia entre la base de los bienes y el valor justo de mercado de los mismos. File taxes for 2012 free Donación de Bienes Cuyo Valor ha Aumentado Si dona bienes con un valor justo de mercado superior a su base en los mismos, es posible que tenga que reducir el valor justo de mercado por la misma cantidad que aumentó el valor cuando se hizo la revaloración cuando calcule su deducción. File taxes for 2012 free Su base en los bienes suele ser la cantidad que pagó por los mismos. File taxes for 2012 free Vea el capítulo 13 si necesita más información sobre la base. File taxes for 2012 free Se aplican distintas reglas al calcular su deducción, según si los bienes son: Bienes de ingreso ordinario o Bienes de ganancias de capital. File taxes for 2012 free Bienes de ingreso ordinario. File taxes for 2012 free   Los bienes son bienes de ingreso ordinario si en la fecha en que se donaron, su venta al valor justo de mercado le hubiera resultado en un ingreso ordinario o en ganancias de capital a corto plazo para usted. File taxes for 2012 free Algunos ejemplos de bienes de ingreso ordinario son inventario, obras de arte creadas por el donante, manuscritos preparados por el donante y bienes de capital (definidos en el capítulo 14) que se tienen por un año o menos. File taxes for 2012 free Cantidad de la deducción. File taxes for 2012 free   La cantidad que puede deducir por una donación de bienes de ingreso ordinario es el valor justo de mercado del bien, menos la cantidad que, al venderlo por su valor justo de mercado, hubiera resultado en ingreso ordinario o ganancias de capital a corto plazo para usted. File taxes for 2012 free Por lo general, esta regla hace que la deducción se limite a su base en los bienes. File taxes for 2012 free Ejemplo. File taxes for 2012 free Usted dona a su iglesia acciones que tuvo por 5 meses. File taxes for 2012 free El valor justo de mercado de las acciones el día en que usted las dona es $1,000, pero usted pagó por ellos sólo $800 (su base). File taxes for 2012 free Debido a que los $200 de revalorización serían ganancias de capital a corto plazo si usted vendiera las acciones, su deducción se limita a $800 (valor justo de mercado menos la revalorización). File taxes for 2012 free Bienes de ganancias de capital. File taxes for 2012 free   Los bienes son bienes de ganancias de capital si en la fecha en que se donaron, su venta al valor justo de mercado hubiera resultado en ganancias de capital a largo plazo para usted. File taxes for 2012 free Éstos incluyen bienes de capital que usted ha conservado por más de 1 año, además de ciertos bienes raíces y bienes depreciables que usó en su negocio u ocupación y, normalmente, conservó por más de 1 año. File taxes for 2012 free Cantidad de la deducción —regla general. File taxes for 2012 free   Al calcular su deducción por una donación de bienes de ganancias de capital, normalmente puede usar el valor justo de mercado de dichos bienes. File taxes for 2012 free Excepciones. File taxes for 2012 free   En ciertas situaciones, tiene que reducir el valor justo de mercado por la cantidad que le hubiera resultado en ganancias de capital a largo plazo, si hubiera vendido los bienes por su valor justo de mercado. File taxes for 2012 free Generalmente, esto significa reducir el valor justo de mercado a que sea igual al costo de los bienes u otra base. File taxes for 2012 free Ventas a precios rebajados. File taxes for 2012 free   Una venta de bienes a precios rebajados es una venta o intercambio por menos que el valor justo de mercado de los bienes. File taxes for 2012 free Una venta a precios rebajados hecha a una organización calificada es, en parte, una donación caritativa y en parte una venta o intercambio. File taxes for 2012 free Una venta a precios rebajados podría dar como resultado una ganancia tributable. File taxes for 2012 free Información adicional. File taxes for 2012 free   Para más información sobre la donación de bienes revalorizados, vea Giving Property That Has Increased in Value (Donación de bienes cuyo valor ha aumentado) en la Publicación 526, en inglés. File taxes for 2012 free Cuándo Puede Deducir sus Donaciones Puede deducir sus donaciones únicamente en el año en que de hecho dona el dinero en efectivo u otros bienes (o en un año posterior si se trasladan a dicho año, como se explica más adelante en Cantidades Trasladadas al Año Siguiente ). File taxes for 2012 free Esto corresponde independientemente de si utiliza el método contable a base de efectivo o a base de lo devengado. File taxes for 2012 free Fecha de la donación. File taxes for 2012 free   Normalmente, la donación se considera hecha en la fecha de entrega incondicional de la misma. File taxes for 2012 free Cheques. File taxes for 2012 free   Un cheque enviado por usted a una organización caritativa se considera entregado en la fecha en que lo envía. File taxes for 2012 free Mensaje de texto. File taxes for 2012 free    Donaciones hechas por medio de un mensaje de texto se pueden deducir en el año en que envía el mensaje de texto si la donación se le cobra a su cuenta de teléfono o celular. File taxes for 2012 free Tarjeta de crédito. File taxes for 2012 free    Las donaciones cargadas a su tarjeta de crédito son deducibles en el año en que hace el cargo a su tarjeta de crédito. File taxes for 2012 free Pago telefónico. File taxes for 2012 free    Si hace su pago por teléfono, se considera que la fecha en que la institución financiera paga esa cantidad es la fecha en que se recibe la donación. File taxes for 2012 free Título de acciones. File taxes for 2012 free   Se considera que usted ha realizado su donación de un título de acciones, debidamente endosado, a una organización caritativa o al agente de ella, en la misma fecha de envío, o de entrega de otra manera, a la organización caritativa. File taxes for 2012 free No obstante, si usted le da un título de acciones a su representante personal o a la sociedad anónima emisora del título para que sea traspasado al nombre de la organización caritativa, su donación no se recibe hasta la fecha en que las acciones sean traspasadas en los libros de la sociedad anónima. File taxes for 2012 free Pagaré. File taxes for 2012 free   Si emite y entrega un pagaré a una organización caritativa como donación, no se considera una donación hasta que usted haga los pagos sobre el mismo. File taxes for 2012 free Opción. File taxes for 2012 free    Si le otorga a una organización caritativa una opción para la compra de bienes raíces a precio de oferta, no se considera donación hasta que dicha organización ejecute la opción. File taxes for 2012 free Fondos de un préstamo. File taxes for 2012 free   Si hace una donación con fondos obtenidos de un préstamo, puede deducir la donación en el año en que envíe los fondos a la organización caritativa, independientemente de cuándo reintegre el préstamo. File taxes for 2012 free Límites sobre Deducciones La cantidad de su deducción por donaciones caritativas no puede exceder del 50% de su ingreso bruto ajustado (AGI, por sus siglas en inglés). File taxes for 2012 free Su deducción puede ser limitada aun mas al 30% o 20% de su AGI, según el tipo de bienes que done y el tipo de organización a la cual se los done. File taxes for 2012 free Si el total de sus donaciones del año entero son iguales al 20% o menos de su AGI, estos límites no le corresponden a usted. File taxes for 2012 free Los límites se explican en detalle bajo Limits on Deductions (Límites sobre deducciones), en la Publicación 526, en inglés. File taxes for 2012 free Un límite superior aplica a determinadas donaciones calificadas destinadas a proyectos de conservación. File taxes for 2012 free Vea la Publicación 526, disponible en inglés, para más detalles. File taxes for 2012 free Cantidades Trasladadas al Año Siguiente Puede trasladar al año siguiente las donaciones que no pudo deducir en el año en curso debido a que sobrepasan los límites de su ingreso bruto ajustado. File taxes for 2012 free Puede deducir dicho exceso en cada uno de los 5 años siguientes hasta que haya deducido la cantidad entera, pero no más allá de esa fecha. File taxes for 2012 free Para más información, vea Carryovers (Cantidades trasladadas al año siguiente) en la Publicación 526, en inglés. File taxes for 2012 free Documentación que se Debe Mantener Tiene que conservar documentación para comprobar la cantidad de cada donación que usted hizo durante el año. File taxes for 2012 free El tipo de documentos que tiene que conservar depende de la cantidad de las donaciones y de si son: Donaciones en efectivo, Donaciones que no sean en efectivo o Gastos de bolsillo en los que se ha incurrido al donar servicios. File taxes for 2012 free Nota: Por lo general, una organización tiene que darle una declaración escrita si recibe de usted un pago superior a $75 que es en parte una donación y en parte a cambio de bienes y servicios. File taxes for 2012 free (Vea la sección Donaciones de las Cuales Usted se Beneficia bajo Donaciones que Puede Deducir , anteriormente). File taxes for 2012 free Conserve la declaración escrita con su documentación. File taxes for 2012 free Es posible que ésta cumpla todos o parte de los requisitos de documentación, que se explican más adelante. File taxes for 2012 free Donaciones en Efectivo Las donaciones en efectivo incluyen aquéllas que se pagan con dinero en efectivo, por cheque, transferencia de fondos electrónica, tarjeta de crédito, tarjeta de débito, o deducción de nómina. File taxes for 2012 free No puede deducir una donación hecha en efectivo, cualquiera que sea la cantidad, a no ser que guarde uno de los siguientes documentos: Documentación bancaria que muestre el nombre de la organización caritativa calificada, la fecha de la donación y la cantidad de la donación. File taxes for 2012 free La documentación bancaria puede incluir: Un cheque cancelado, Un estado de cuentas bancario o de una cooperativa de crédito o Un estado de cuentas de tarjeta de crédito. File taxes for 2012 free Un recibo (o una carta u otra comunicación escrita) de la organización calificada en el cual aparezcan el nombre de dicha organización, la fecha de la donación y la cantidad de la donación. File taxes for 2012 free Los registros de nómina descritos a continuación. File taxes for 2012 free Deducciones de nómina. File taxes for 2012 free   Si usted hace donaciones por deducción de nómina, tiene que guardar: Un talón de cheque, Formulario W-2 u otro documento proporcionado por su empleador en el cual se indican la fecha y cantidad de la donación y Una tarjeta de compromiso u otro documento preparado por o para la organización calificada en el cual se indica el nombre de dicha organización. File taxes for 2012 free Si su empleador retuvo $250 o más de un solo cheque de pago, vea Donaciones de $250 o Más , a continuación. File taxes for 2012 free Donaciones de $250 o Más Puede reclamar una deducción por una donación de $250 o más sólo si tiene un acuse de recibo de su donación emitido por la organización calificada o si tiene cierta documentación correspondiente a las deducciones de nómina. File taxes for 2012 free Si hizo más de una sola donación en la cantidad de $250 o más, tiene que tener un acuse de recibo separado para cada una o un solo acuse de recibo que muestre cada donación, la fecha de cada donación y el total de sus donaciones. File taxes for 2012 free Cantidad de la donación. File taxes for 2012 free   Al calcular si su donación es de $250 o más, no combine donaciones separadas. File taxes for 2012 free Por ejemplo, si donaba a su iglesia $25 por semana, los pagos semanales no tienen que sumarse. File taxes for 2012 free Cada pago se considera una donación separada. File taxes for 2012 free   Si se hacen donaciones por deducción de nómina, la deducción de cada cheque de pago se considera una donación separada. File taxes for 2012 free   Si hizo un pago que fuera en parte a cambio de bienes y servicios, como se describe anteriormente bajo Donaciones de las Cuales Usted se Beneficia , su donación es la cantidad del pago que sea mayor al valor de los bienes y servicios. File taxes for 2012 free Acuse de recibo. File taxes for 2012 free   El acuse de recibo tiene que reunir los siguientes requisitos: Tiene que ser por escrito. File taxes for 2012 free Tiene que incluir: La cantidad de dinero en efectivo que donó, Si la organización calificada le dio a usted algún bien o servicio como resultado de su donación (que no sea un artículo simbólico o beneficios de afiliación), Una descripción y cómputo aproximado de buena fe del valor de todos los bienes o servicios descritos en (b) (que no sean beneficios religiosos intangibles) y Una declaración escrita explicando que el único beneficio que usted recibió fue un beneficio religioso intangible, si ése fue el caso. File taxes for 2012 free En el acuse de recibo no se necesita describir ni estimar el valor del beneficio religioso intangible. File taxes for 2012 free Un beneficio religioso intangible es un beneficio que no se suele vender en transacciones comerciales fuera del contexto de donación (regalo). File taxes for 2012 free Un ejemplo, es la entrada a una ceremonia religiosa. File taxes for 2012 free Tiene que obtenerlo a más tardar en la fecha más temprana entre las siguientes: La fecha en que usted presenta su declaración de impuestos para el año en que haya hecho la donación o La fecha de vencimiento, incluyendo prórrogas, para presentar la declaración de impuestos. File taxes for 2012 free   Si la fecha de la donación no se indica en el acuse de recibo, tiene que tener además documentación bancaria o un recibo, como se describe anteriormente, en el que sí se indica la fecha de la donación. File taxes for 2012 free Si el acuse de recibo indica la fecha de la donación y reúne los demás requisitos descritos anteriormente, usted no necesita otra documentación. File taxes for 2012 free Deducciones de nómina. File taxes for 2012 free   Si hace una donación por medio de deducción de nómina y su empleador retuvo $250 o más de un solo cheque de pago, usted tiene que guardar: Un talón de cheque, Formulario W-2 u otro documento proporcionado por su empleador en el cual se indica la cantidad retenida como donación y Una tarjeta de compromiso u otro documento preparado por o para la organización calificada en el cual se indica el nombre de dicha organización afirmando que dicha organización no provee bienes o servicios a cambio de donaciones hechas por deducción de nómina. File taxes for 2012 free Puede guardar una sola tarjeta de compromiso para toda donación hecha por deducción de nómina, cualquiera que sea la cantidad, siempre y cuando contenga toda la información requerida. File taxes for 2012 free   Si el talón de cheque, Formulario W-2, tarjeta de compromiso u otro documento no muestra la fecha de la donación, usted tiene que tener otro documento adicional que muestre dicha fecha. File taxes for 2012 free Si el talón de cheque, Formulario W-2, tarjeta de compromiso u otro documento sí muestra la fecha de la donación, no necesita otra documentación a excepción de la que acaba de describirse anteriormente en los puntos (1) y (2). File taxes for 2012 free Donaciones que no Sean en Efectivo En el caso de una donación que no sea en efectivo, la documentación que tiene que guardar depende de si su deducción por la donación es: Menos de $250, Por lo menos $250 pero no más de $500, Más de $500 pero no más de $5,000 o Más de $5,000. File taxes for 2012 free Cantidad de la deducción. File taxes for 2012 free   Al calcular si su deducción es de $500 o más, sume las deducciones declaradas por todo artículo de propiedad parecida donada a alguna organización caritativa durante el año. File taxes for 2012 free   Si recibió bienes o servicios a cambio, como se describe anteriormente en Donaciones de las Cuales Usted se Beneficia , reduzca su donación por el valor de aquellos bienes o servicios. File taxes for 2012 free Si calcula su deducción disminuyendo el valor justo de mercado de los bienes donados por la cantidad que dicho valor aumentó desde su compra del artículo, como se describe anteriormente en Donación de Bienes Cuyo Valor ha Aumentado , su donación corresponde a la cantidad disminuida. File taxes for 2012 free Donaciones Menores de $250 Si hace alguna donación que no sea en efectivo, tendrá que obtener y guardar un recibo emitido por la organización caritativa en el cual se indican: El nombre de la organización caritativa, La fecha y el sitio de la donación caritativa y Una descripción razonablemente detallada de los bienes. File taxes for 2012 free Una carta u otra comunicación escrita de la organización caritativa que acuse recibo de la donación e incluya la información en los puntos (1), (2) y (3) servirá de recibo. File taxes for 2012 free No está obligado a tener un recibo cuando sea poco factible obtener uno (por ejemplo, si deja bienes en un punto de recogida no atendido de una organización caritativa). File taxes for 2012 free Documentación adicional. File taxes for 2012 free   También tiene que mantener documentación escrita confiable por cada artículo de propiedad donada. File taxes for 2012 free La documentación escrita tiene que incluir la siguiente información: El nombre y dirección de la organización a la cual hizo la donación. File taxes for 2012 free La fecha y sitio de la donación. File taxes for 2012 free Una descripción razonablemente detallada de los bienes dadas las circunstancias. File taxes for 2012 free Para valores bursátiles, guarde el nombre del emisor, el tipo de los valores y si se comercializan regularmente en una bolsa de valores o mercado secundario. File taxes for 2012 free El valor justo de mercado de los bienes en la