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Free E File 2012 Federal And State

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Free E File 2012 Federal And State

Free e file 2012 federal and state 17. Free e file 2012 federal and state   Individual Retirement Arrangements (IRAs) Table of Contents What's New Reminders Introduction Useful Items - You may want to see: Traditional IRAsWho Can Open a Traditional IRA? When and How Can a Traditional IRA Be Opened? How Much Can Be Contributed? When Can Contributions Be Made? How Much Can You Deduct? Nondeductible Contributions Inherited IRAs Can You Move Retirement Plan Assets? When Can You Withdraw or Use IRA Assets? When Must You Withdraw IRA Assets? (Required Minimum Distributions) Are Distributions Taxable? What Acts Result in Penalties or Additional Taxes? Roth IRAsWhat Is a Roth IRA? When Can a Roth IRA Be Opened? Can You Contribute to a Roth IRA? Can You Move Amounts Into a Roth IRA? Are Distributions Taxable? What's New Traditional IRA contribution and deduction limit. Free e file 2012 federal and state  The contribution limit to your traditional IRA for 2013 will be increased to the smaller of the following amounts: $5,500, or Your taxable compensation for the year. Free e file 2012 federal and state If you were age 50 or older before 2014, the most that can be contributed to your traditional IRA for 2013 will be the smaller of the following amounts: $6,500, or Your taxable compensation for the year. Free e file 2012 federal and state For more information, see How Much Can Be Contributed? later. Free e file 2012 federal and state Roth IRA contribution limit. Free e file 2012 federal and state  If contributions on your behalf are made only to Roth IRAs, your contribution limit for 2013 will generally be the lesser of: $5,500, or Your taxable compensation for the year. Free e file 2012 federal and state If you were age 50 or older before 2014 and contributions on your behalf were made only to Roth IRAs, your contribution limit for 2013 will generally be the lesser of: $6,500, or Your taxable compensation for the year. Free e file 2012 federal and state However, if your modified adjusted gross income (AGI) is above a certain amount, your contribution limit may be reduced. Free e file 2012 federal and state For more information, see How Much Can Be Contributed? under Can You Contribute to a Roth IRA? later. Free e file 2012 federal and state Modified AGI limit for traditional IRA contributions increased. Free e file 2012 federal and state  For 2013, if you were covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is: More than $95,000 but less than $115,000 for a married couple filing a joint return or a qualifying widow(er), More than $59,000 but less than $69,000 for a single individual or head of household, or Less than $10,000 for a married individual filing a separate return. Free e file 2012 federal and state If you either lived with your spouse or file a joint return, and your spouse was covered by a retirement plan at work, but you were not, your deduction is phased out if your modified AGI is more than $178,000 but less than $188,000. Free e file 2012 federal and state If your modified AGI is $188,000 or more, you cannot take a deduction for contributions to a traditional IRA. Free e file 2012 federal and state See How Much Can You Deduct , later. Free e file 2012 federal and state Modified AGI limit for Roth IRA contributions increased. Free e file 2012 federal and state  For 2013, your Roth IRA contribution limit is reduced (phased out) in the following situations. Free e file 2012 federal and state Your filing status is married filing jointly or qualifying widow(er) and your modified AGI is at least $178,000. Free e file 2012 federal and state You cannot make a Roth IRA contribution if your modified AGI is $188,000 or more. Free e file 2012 federal and state Your filing status is single, head of household, or married filing separately and you did not live with your spouse at any time in 2013 and your modified AGI is at least $112,000. Free e file 2012 federal and state You cannot make a Roth IRA contribution if your modified AGI is $127,000 or more. Free e file 2012 federal and state Your filing status is married filing separately, you lived with your spouse at any time during the year, and your modified AGI is more than -0-. Free e file 2012 federal and state You cannot make a Roth IRA contribution if your modified AGI is $10,000 or more. Free e file 2012 federal and state See Can You Contribute to a Roth IRA , later. Free e file 2012 federal and state Net Investment Income Tax. Free e file 2012 federal and state   For purposes of the Net Investment Income Tax (NIIT), net investment income does not include distributions from a qualified retirement plan including IRAs (for example; 401(a), 403(a), 403(b), 408, 408A, or 457(b) plans). Free e file 2012 federal and state However, these distributions are taken into account when determining the modified adjusted gross income threshold. Free e file 2012 federal and state Distributions from a nonqualified retirement plan are included in net investment income. Free e file 2012 federal and state See Form 8960, Net Investment Income Tax - Individuals, Estates, and Trusts, and its instructions for more information. Free e file 2012 federal and state Name change. Free e file 2012 federal and state  All spousal IRAs have been renamed Kay Bailey Hutchison Spousal IRAs. Free e file 2012 federal and state There are no changes to the rules regarding these IRAs. Free e file 2012 federal and state See Kay Bailey Hutchison Spousal IRA Limit , later, for more information. Free e file 2012 federal and state Reminders 2014 limits. Free e file 2012 federal and state   You can find information about the 2014 contribution and AGI limits in Publication 590. Free e file 2012 federal and state Contributions to both traditional and Roth IRAs. Free e file 2012 federal and state   For information on your combined contribution limit if you contribute to both traditional and Roth IRAs, see Roth IRAs and traditional IRAs under How Much Can Be Contributed? in Roth IRAs, later. Free e file 2012 federal and state Statement of required minimum distribution. Free e file 2012 federal and state  If a minimum distribution from your IRA is required, the trustee, custodian, or issuer that held the IRA at the end of the preceding year must either report the amount of the required minimum distribution to you, or offer to calculate it for you. Free e file 2012 federal and state The report or offer must include the date by which the amount must be distributed. Free e file 2012 federal and state The report is due January 31 of the year in which the minimum distribution is required. Free e file 2012 federal and state It can be provided with the year-end fair market value statement that you normally get each year. Free e file 2012 federal and state No report is required for IRAs of owners who have died. Free e file 2012 federal and state IRA interest. Free e file 2012 federal and state  Although interest earned from your IRA is generally not taxed in the year earned, it is not tax-exempt interest. Free e file 2012 federal and state Tax on your traditional IRA is generally deferred until you take a distribution. Free e file 2012 federal and state Do not report this interest on your tax return as tax-exempt interest. Free e file 2012 federal and state Form 8606. Free e file 2012 federal and state   To designate contributions as nondeductible, you must file Form 8606, Nondeductible IRAs. Free e file 2012 federal and state The term “50 or older” is used several times in this chapter. Free e file 2012 federal and state It refers to an IRA owner who is age 50 or older by the end of the tax year. Free e file 2012 federal and state Introduction An individual retirement arrangement (IRA) is a personal savings plan that gives you tax advantages for setting aside money for your retirement. Free e file 2012 federal and state This chapter discusses the following topics. Free e file 2012 federal and state The rules for a traditional IRA (any IRA that is not a Roth or SIMPLE IRA). Free e file 2012 federal and state The Roth IRA, which features nondeductible contributions and tax-free distributions. Free e file 2012 federal and state Simplified Employee Pensions (SEPs) and Savings Incentive Match Plans for Employees (SIMPLEs) are not discussed in this chapter. Free e file 2012 federal and state For more information on these plans and employees' SEP IRAs and SIMPLE IRAs that are part of these plans, see Publications 560 and 590. Free e file 2012 federal and state For information about contributions, deductions, withdrawals, transfers, rollovers, and other transactions, see Publication 590. Free e file 2012 federal and state Useful Items - You may want to see: Publication 560 Retirement Plans for Small Business 590 Individual Retirement Arrangements (IRAs) Form (and Instructions) 5329 Additional Taxes on Qualified Plans (including IRAs) and Other Tax-Favored Accounts 8606 Nondeductible IRAs Traditional IRAs In this chapter, the original IRA (sometimes called an ordinary or regular IRA) is referred to as a “traditional IRA. Free e file 2012 federal and state ” A traditional IRA is any IRA that is not a Roth IRA or a SIMPLE IRA. Free e file 2012 federal and state Two advantages of a traditional IRA are: You may be able to deduct some or all of your contributions to it, depending on your circumstances, and Generally, amounts in your IRA, including earnings and gains, are not taxed until they are distributed. Free e file 2012 federal and state Who Can Open a Traditional IRA? You can open and make contributions to a traditional IRA if: You (or, if you file a joint return, your spouse) received taxable compensation during the year, and You were not age 70½ by the end of the year. Free e file 2012 federal and state What is compensation?   Generally, compensation is what you earn from working. Free e file 2012 federal and state Compensation includes wages, salaries, tips, professional fees, bonuses, and other amounts you receive for providing personal services. Free e file 2012 federal and state The IRS treats as compensation any amount properly shown in box 1 (Wages, tips, other compensation) of Form W-2, Wage and Tax Statement, provided that amount is reduced by any amount properly shown in box 11 (Nonqualified plans). Free e file 2012 federal and state   Scholarship and fellowship payments are compensation for this purpose only if shown in box 1 of Form W-2. Free e file 2012 federal and state   Compensation also includes commissions and taxable alimony and separate maintenance payments. Free e file 2012 federal and state Self-employment income. Free e file 2012 federal and state   If you are self-employed (a sole proprietor or a partner), compensation is the net earnings from your trade or business (provided your personal services are a material income-producing factor) reduced by the total of: The deduction for contributions made on your behalf to retirement plans, and The deductible part of your self-employment tax. Free e file 2012 federal and state   Compensation includes earnings from self-employment even if they are not subject to self-employment tax because of your religious beliefs. Free e file 2012 federal and state Nontaxable combat pay. Free e file 2012 federal and state   For IRA purposes, if you were a member of the U. Free e file 2012 federal and state S. Free e file 2012 federal and state Armed Forces, your compensation includes any nontaxable combat pay you receive. Free e file 2012 federal and state What is not compensation?   Compensation does not include any of the following items. Free e file 2012 federal and state Earnings and profits from property, such as rental income, interest income, and dividend income. Free e file 2012 federal and state Pension or annuity income. Free e file 2012 federal and state Deferred compensation received (compensation payments postponed from a past year). Free e file 2012 federal and state Income from a partnership for which you do not provide services that are a material income-producing factor. Free e file 2012 federal and state Conservation Reserve Program (CRP) payments reported on Schedule SE (Form 1040), line 1b. Free e file 2012 federal and state Any amounts (other than combat pay) you exclude from income, such as foreign earned income and housing costs. Free e file 2012 federal and state When and How Can a Traditional IRA Be Opened? You can open a traditional IRA at any time. Free e file 2012 federal and state However, the time for making contributions for any year is limited. Free e file 2012 federal and state See When Can Contributions Be Made , later. Free e file 2012 federal and state You can open different kinds of IRAs with a variety of organizations. Free e file 2012 federal and state You can open an IRA at a bank or other financial institution or with a mutual fund or life insurance company. Free e file 2012 federal and state You can also open an IRA through your stockbroker. Free e file 2012 federal and state Any IRA must meet Internal Revenue Code requirements. Free e file 2012 federal and state Kinds of traditional IRAs. Free e file 2012 federal and state   Your traditional IRA can be an individual retirement account or annuity. Free e file 2012 federal and state It can be part of either a simplified employee pension (SEP) or an employer or employee association trust account. Free e file 2012 federal and state How Much Can Be Contributed? There are limits and other rules that affect the amount that can be contributed to a traditional IRA. Free e file 2012 federal and state These limits and other rules are explained below. Free e file 2012 federal and state Community property laws. Free e file 2012 federal and state   Except as discussed later under Kay Bailey Hutchison Spousal IRA limit , each spouse figures his or her limit separately, using his or her own compensation. Free e file 2012 federal and state This is the rule even in states with community property laws. Free e file 2012 federal and state Brokers' commissions. Free e file 2012 federal and state   Brokers' commissions paid in connection with your traditional IRA are subject to the contribution limit. Free e file 2012 federal and state Trustees' fees. Free e file 2012 federal and state   Trustees' administrative fees are not subject to the contribution limit. Free e file 2012 federal and state Qualified reservist repayments. Free e file 2012 federal and state   If you are (or were) a member of a reserve component and you were ordered or called to active duty after September 11, 2001, you may be able to contribute (repay) to an IRA amounts equal to any qualified reservist distributions you received. Free e file 2012 federal and state You can make these repayment contributions even if they would cause your total contributions to the IRA to be more than the general limit on contributions. Free e file 2012 federal and state To be eligible to make these repayment contributions, you must have received a qualified reservist distribution from an IRA or from a section 401(k) or 403(b) plan or similar arrangement. Free e file 2012 federal and state   For more information, see Qualified reservist repayments under How Much Can Be Contributed? in chapter 1 of Publication 590. Free e file 2012 federal and state Contributions on your behalf to a traditional IRA reduce your limit for contributions to a Roth IRA. Free e file 2012 federal and state (See Roth IRAs, later. Free e file 2012 federal and state ) General limit. Free e file 2012 federal and state   For 2013, the most that can be contributed to your traditional IRA generally is the smaller of the following amounts. Free e file 2012 federal and state $5,500 ($6,500 if you are 50 or older). Free e file 2012 federal and state Your taxable compensation (defined earlier) for the year. Free e file 2012 federal and state This is the most that can be contributed regardless of whether the contributions are to one or more traditional IRAs or whether all or part of the contributions are nondeductible. Free e file 2012 federal and state (See Nondeductible Contributions , later. Free e file 2012 federal and state ) Qualified reservist repayments do not affect this limit. Free e file 2012 federal and state Example 1. Free e file 2012 federal and state Betty, who is 34 years old and single, earned $24,000 in 2013. Free e file 2012 federal and state Her IRA contributions for 2013 are limited to $5,500. Free e file 2012 federal and state Example 2. Free e file 2012 federal and state John, an unmarried college student working part time, earned $3,500 in 2013. Free e file 2012 federal and state His IRA contributions for 2013 are limited to $3,500, the amount of his compensation. Free e file 2012 federal and state Kay Bailey Hutchison Spousal IRA limit. Free e file 2012 federal and state   For 2013, if you file a joint return and your taxable compensation is less than that of your spouse, the most that can be contributed for the year to your IRA is the smaller of the following amounts. Free e file 2012 federal and state $5,500 ($6,500 if you are 50 or older). Free e file 2012 federal and state The total compensation includible in the gross income of both you and your spouse for the year, reduced by the following two amounts. Free e file 2012 federal and state Your spouse's IRA contribution for the year to a traditional IRA. Free e file 2012 federal and state Any contribution for the year to a Roth IRA on behalf of your spouse. Free e file 2012 federal and state This means that the total combined contributions that can be made for the year to your IRA and your spouse's IRA can be as much as $11,000 ($12,000 if only one of you is 50 or older, or $13,000 if both of you are 50 or older). Free e file 2012 federal and state When Can Contributions Be Made? As soon as you open your traditional IRA, contributions can be made to it through your chosen sponsor (trustee or other administrator). Free e file 2012 federal and state Contributions must be in the form of money (cash, check, or money order). Free e file 2012 federal and state Property cannot be contributed. Free e file 2012 federal and state Contributions must be made by due date. Free e file 2012 federal and state   Contributions can be made to your traditional IRA for a year at any time during the year or by the due date for filing your return for that year, not including extensions. Free e file 2012 federal and state Age 70½ rule. Free e file 2012 federal and state   Contributions cannot be made to your traditional IRA for the year in which you reach age 70½ or for any later year. Free e file 2012 federal and state   You attain age 70½ on the date that is 6 calendar months after the 70th anniversary of your birth. Free e file 2012 federal and state If you were born on or before June 30, 1943, you cannot contribute for 2013 or any later year. Free e file 2012 federal and state Designating year for which contribution is made. Free e file 2012 federal and state   If an amount is contributed to your traditional IRA between January 1 and April 15, you should tell the sponsor which year (the current year or the previous year) the contribution is for. Free e file 2012 federal and state If you do not tell the sponsor which year it is for, the sponsor can assume, and report to the IRS, that the contribution is for the current year (the year the sponsor received it). Free e file 2012 federal and state Filing before a contribution is made. Free e file 2012 federal and state   You can file your return claiming a traditional IRA contribution before the contribution is actually made. Free e file 2012 federal and state Generally, the contribution must be made by the due date of your return, not including extensions. Free e file 2012 federal and state Contributions not required. Free e file 2012 federal and state   You do not have to contribute to your traditional IRA for every tax year, even if you can. Free e file 2012 federal and state How Much Can You Deduct? Generally, you can deduct the lesser of: The contributions to your traditional IRA for the year, or The general limit (or the Kay Bailey Hutchison Spousal IRA limit, if it applies). Free e file 2012 federal and state However, if you or your spouse was covered by an employer retirement plan, you may not be able to deduct this amount. Free e file 2012 federal and state See Limit If Covered by Employer Plan , later. Free e file 2012 federal and state You may be able to claim a credit for contributions to your traditional IRA. Free e file 2012 federal and state For more information, see chapter 37. Free e file 2012 federal and state Trustees' fees. Free e file 2012 federal and state   Trustees' administrative fees that are billed separately and paid in connection with your traditional IRA are not deductible as IRA contributions. Free e file 2012 federal and state However, they may be deductible as a miscellaneous itemized deduction on Schedule A (Form 1040). Free e file 2012 federal and state See chapter 28. Free e file 2012 federal and state Brokers' commissions. Free e file 2012 federal and state   Brokers' commissions are part of your IRA contribution and, as such, are deductible subject to the limits. Free e file 2012 federal and state Full deduction. Free e file 2012 federal and state   If neither you nor your spouse was covered for any part of the year by an employer retirement plan, you can take a deduction for total contributions to one or more traditional IRAs of up to the lesser of: $5,500 ($6,500 if you are age 50 or older in 2013). Free e file 2012 federal and state 100% of your compensation. Free e file 2012 federal and state This limit is reduced by any contributions made to a 501(c)(18) plan on your behalf. Free e file 2012 federal and state Kay Bailey Hutchison Spousal IRA. Free e file 2012 federal and state   In the case of a married couple with unequal compensation who file a joint return, the deduction for contributions to the traditional IRA of the spouse with less compensation is limited to the lesser of the following amounts. Free e file 2012 federal and state $5,500 ($6,500 if the spouse with the lower compensation is age 50 or older in 2013). Free e file 2012 federal and state The total compensation includible in the gross income of both spouses for the year reduced by the following three amounts. Free e file 2012 federal and state The IRA deduction for the year of the spouse with the greater compensation. Free e file 2012 federal and state Any designated nondeductible contribution for the year made on behalf of the spouse with the greater compensation. Free e file 2012 federal and state Any contributions for the year to a Roth IRA on behalf of the spouse with the greater compensation. Free e file 2012 federal and state This limit is reduced by any contributions to a 501(c)(18) plan on behalf of the spouse with the lesser compensation. Free e file 2012 federal and state Note. Free e file 2012 federal and state If you were divorced or legally separated (and did not remarry) before the end of the year, you cannot deduct any contributions to your spouse's IRA. Free e file 2012 federal and state After a divorce or legal separation, you can deduct only contributions to your own IRA. Free e file 2012 federal and state Your deductions are subject to the rules for single individuals. Free e file 2012 federal and state Covered by an employer retirement plan. Free e file 2012 federal and state   If you or your spouse was covered by an employer retirement plan at any time during the year for which contributions were made, your deduction may be further limited. Free e file 2012 federal and state This is discussed later under Limit If Covered by Employer Plan . Free e file 2012 federal and state Limits on the amount you can deduct do not affect the amount that can be contributed. Free e file 2012 federal and state See Nondeductible Contributions , later. Free e file 2012 federal and state Are You Covered by an Employer Plan? The Form W-2 you receive from your employer has a box used to indicate whether you were covered for the year. Free e file 2012 federal and state The “Retirement plan” box should be checked if you were covered. Free e file 2012 federal and state Reservists and volunteer firefighters should also see Situations in Which You Are Not Covered by an Employer Plan , later. Free e file 2012 federal and state If you are not certain whether you were covered by your employer's retirement plan, you should ask your employer. Free e file 2012 federal and state Federal judges. Free e file 2012 federal and state   For purposes of the IRA deduction, federal judges are covered by an employer retirement plan. Free e file 2012 federal and state For Which Year(s) Are You Covered by an Employer Plan? Special rules apply to determine the tax years for which you are covered by an employer plan. Free e file 2012 federal and state These rules differ depending on whether the plan is a defined contribution plan or a defined benefit plan. Free e file 2012 federal and state Tax year. Free e file 2012 federal and state   Your tax year is the annual accounting period you use to keep records and report income and expenses on your income tax return. Free e file 2012 federal and state For almost all people, the tax year is the calendar year. Free e file 2012 federal and state Defined contribution plan. Free e file 2012 federal and state   Generally, you are covered by a defined contribution plan for a tax year if amounts are contributed or allocated to your account for the plan year that ends with or within that tax year. Free e file 2012 federal and state   A defined contribution plan is a plan that provides for a separate account for each person covered by the plan. Free e file 2012 federal and state Types of defined contribution plans include profit-sharing plans, stock bonus plans, and money purchase pension plans. Free e file 2012 federal and state Defined benefit plan. Free e file 2012 federal and state   If you are eligible to participate in your employer's defined benefit plan for the plan year that ends within your tax year, you are covered by the plan. Free e file 2012 federal and state This rule applies even if you: Declined to participate in the plan, Did not make a required contribution, or Did not perform the minimum service required to accrue a benefit for the year. Free e file 2012 federal and state   A defined benefit plan is any plan that is not a defined contribution plan. Free e file 2012 federal and state Defined benefit plans include pension plans and annuity plans. Free e file 2012 federal and state No vested interest. Free e file 2012 federal and state   If you accrue a benefit for a plan year, you are covered by that plan even if you have no vested interest in (legal right to) the accrual. Free e file 2012 federal and state Situations in Which You Are Not Covered by an Employer Plan Unless you are covered under another employer plan, you are not covered by an employer plan if you are in one of the situations described below. Free e file 2012 federal and state Social security or railroad retirement. Free e file 2012 federal and state   Coverage under social security or railroad retirement is not coverage under an employer retirement plan. Free e file 2012 federal and state Benefits from a previous employer's plan. Free e file 2012 federal and state   If you receive retirement benefits from a previous employer's plan, you are not covered by that plan. Free e file 2012 federal and state Reservists. Free e file 2012 federal and state   If the only reason you participate in a plan is because you are a member of a reserve unit of the armed forces, you may not be covered by the plan. Free e file 2012 federal and state You are not covered by the plan if both of the following conditions are met. Free e file 2012 federal and state The plan you participate in is established for its employees by: The United States, A state or political subdivision of a state, or An instrumentality of either (a) or (b) above. Free e file 2012 federal and state You did not serve more than 90 days on active duty during the year (not counting duty for training). Free e file 2012 federal and state Volunteer firefighters. Free e file 2012 federal and state   If the only reason you participate in a plan is because you are a volunteer firefighter, you may not be covered by the plan. Free e file 2012 federal and state You are not covered by the plan if both of the following conditions are met. Free e file 2012 federal and state The plan you participate in is established for its employees by: The United States, A state or political subdivision of a state, or An instrumentality of either (a) or (b) above. Free e file 2012 federal and state Your accrued retirement benefits at the beginning of the year will not provide more than $1,800 per year at retirement. Free e file 2012 federal and state Limit If Covered by Employer Plan If either you or your spouse was covered by an employer retirement plan, you may be entitled to only a partial (reduced) deduction or no deduction at all, depending on your income and your filing status. Free e file 2012 federal and state Your deduction begins to decrease (phase out) when your income rises above a certain amount and is eliminated altogether when it reaches a higher amount. Free e file 2012 federal and state These amounts vary depending on your filing status. Free e file 2012 federal and state To determine if your deduction is subject to phaseout, you must determine your modified adjusted gross income (AGI) and your filing status. Free e file 2012 federal and state See Filing status and Modified adjusted gross income (AGI) , later. Free e file 2012 federal and state Then use Table 17-1 or 17-2 to determine if the phaseout applies. Free e file 2012 federal and state Social security recipients. Free e file 2012 federal and state   Instead of using Table 17-1 or Table 17-2, use the worksheets in Appendix B of Publication 590 if, for the year, all of the following apply. Free e file 2012 federal and state You received social security benefits. Free e file 2012 federal and state You received taxable compensation. Free e file 2012 federal and state Contributions were made to your traditional IRA. Free e file 2012 federal and state You or your spouse was covered by an employer retirement plan. Free e file 2012 federal and state Use those worksheets to figure your IRA deduction, your nondeductible contribution, and the taxable portion, if any, of your social security benefits. Free e file 2012 federal and state Deduction phaseout. Free e file 2012 federal and state   If you were covered by an employer retirement plan and you did not receive any social security retirement benefits, your IRA deduction may be reduced or eliminated depending on your filing status and modified AGI as shown in Table 17-1. Free e file 2012 federal and state Table 17-1. Free e file 2012 federal and state Effect of Modified AGI1 on Deduction if You Are Covered by Retirement Plan at Work If you are covered by a retirement plan at work, use this table to determine if your modified AGI affects the amount of your deduction. Free e file 2012 federal and state IF your filing status is. Free e file 2012 federal and state . Free e file 2012 federal and state . Free e file 2012 federal and state   AND your modified AGI is. Free e file 2012 federal and state . Free e file 2012 federal and state . Free e file 2012 federal and state   THEN you can take. Free e file 2012 federal and state . Free e file 2012 federal and state . Free e file 2012 federal and state single   or  head of household   $59,000 or less   a full deduction. Free e file 2012 federal and state   more than $59,000 but less than $69,000   a partial deduction. Free e file 2012 federal and state   $69,000 or more   no deduction. Free e file 2012 federal and state married filing jointly   or  qualifying widow(er)   $95,000 or less   a full deduction. Free e file 2012 federal and state   more than $95,000 but less than $115,000   a partial deduction. Free e file 2012 federal and state   $115,000 or more   no deduction. Free e file 2012 federal and state married filing separately2   less than $10,000   a partial deduction. Free e file 2012 federal and state   $10,000 or more   no deduction. Free e file 2012 federal and state 1Modified AGI (adjusted gross income). Free e file 2012 federal and state See Modified adjusted gross income (AGI) . Free e file 2012 federal and state 2If you did not live with your spouse at any time during the year, your filing status is considered Single for this purpose (therefore, your IRA deduction is determined under the “Single” column). Free e file 2012 federal and state If your spouse is covered. Free e file 2012 federal and state   If you are not covered by an employer retirement plan, but your spouse is, and you did not receive any social security benefits, your IRA deduction may be reduced or eliminated entirely depending on your filing status and modified AGI as shown in Table 17-2. Free e file 2012 federal and state Filing status. Free e file 2012 federal and state   Your filing status depends primarily on your marital status. Free e file 2012 federal and state For this purpose, you need to know if your filing status is single or head of household, married filing jointly or qualifying widow(er), or married filing separately. Free e file 2012 federal and state If you need more information on filing status, see chapter 2. Free e file 2012 federal and state Lived apart from spouse. Free e file 2012 federal and state   If you did not live with your spouse at any time during the year and you file a separate return, your filing status, for this purpose, is single. Free e file 2012 federal and state Table 17-2. Free e file 2012 federal and state Effect of Modified AGI1 on Deduction if You Are NOT Covered by Retirement Plan at Work If you are not covered by a retirement plan at work, use this table to determine if your modified AGI affects the amount of your deduction. Free e file 2012 federal and state IF your filing status is. Free e file 2012 federal and state . Free e file 2012 federal and state . Free e file 2012 federal and state   AND your modified AGI is. Free e file 2012 federal and state . Free e file 2012 federal and state . Free e file 2012 federal and state   THEN you can take. Free e file 2012 federal and state . Free e file 2012 federal and state . Free e file 2012 federal and state single, head of household, or qualifying widow(er)   any amount   a full deduction. Free e file 2012 federal and state married filing jointly or separately with a spouse who is not covered by a plan at work   any amount   a full deduction. Free e file 2012 federal and state married filing jointly with a spouse who is covered by a plan at work   $178,000 or less   a full deduction. Free e file 2012 federal and state   more than $178,000 but less than $188,000   a partial deduction. Free e file 2012 federal and state   $188,000 or more   no deduction. Free e file 2012 federal and state married filing separately with a spouse who is covered by a plan at work2   less than $10,000   a partial deduction. Free e file 2012 federal and state   $10,000 or more   no deduction. Free e file 2012 federal and state 1Modified AGI (adjusted gross income). Free e file 2012 federal and state See Modified adjusted gross income (AGI) . Free e file 2012 federal and state 2You are entitled to the full deduction if you did not live with your spouse at any time during the year. Free e file 2012 federal and state Modified adjusted gross income (AGI). Free e file 2012 federal and state   How you figure your modified AGI depends on whether you are filing Form 1040 or Form 1040A. Free e file 2012 federal and state If you made contributions to your IRA for 2013 and received a distribution from your IRA in 2013, see Publication 590. Free e file 2012 federal and state You may be able to use Worksheet 17-1 to figure your modified AGI. Free e file 2012 federal and state    Do not assume that your modified AGI is the same as your compensation. Free e file 2012 federal and state Your modified AGI may include income in addition to your compensation (discussed earlier), such as interest, dividends, and income from IRA distributions. Free e file 2012 federal and state Form 1040. Free e file 2012 federal and state   If you file Form 1040, refigure the amount on the page 1 “adjusted gross income” line without taking into account any of the following eight amounts. Free e file 2012 federal and state IRA deduction. Free e file 2012 federal and state Student loan interest deduction. Free e file 2012 federal and state Tuition and fees deduction. Free e file 2012 federal and state Domestic production activities deduction. Free e file 2012 federal and state Foreign earned income exclusion. Free e file 2012 federal and state Foreign housing exclusion or deduction. Free e file 2012 federal and state Exclusion of qualified savings bond interest shown on Form 8815, Exclusion of Interest From Series EE and I U. Free e file 2012 federal and state S. Free e file 2012 federal and state Savings Bonds Issued After 1989. Free e file 2012 federal and state Exclusion of employer-provided adoption benefits shown on Form 8839, Qualified Adoption Expenses. Free e file 2012 federal and state This is your modified AGI. Free e file 2012 federal and state Form 1040A. Free e file 2012 federal and state   If you file Form 1040A, refigure the amount on the page 1 “adjusted gross income” line without taking into account any of the following amounts. Free e file 2012 federal and state IRA deduction. Free e file 2012 federal and state Student loan interest deduction. Free e file 2012 federal and state Tuition and fees deduction. Free e file 2012 federal and state Exclusion of qualified savings bond interest shown on Form 8815. Free e file 2012 federal and state This is your modified AGI. Free e file 2012 federal and state Both contributions for 2013 and distributions in 2013. Free e file 2012 federal and state   If all three of the following apply, any IRA distributions you received in 2013 may be partly tax free and partly taxable. Free e file 2012 federal and state You received distributions in 2013 from one or more traditional IRAs. Free e file 2012 federal and state You made contributions to a traditional IRA for 2013. Free e file 2012 federal and state Some of those contributions may be nondeductible contributions. Free e file 2012 federal and state If this is your situation, you must figure the taxable part of the traditional IRA distribution before you can figure your modified AGI. Free e file 2012 federal and state To do this, you can use Worksheet 1-5, Figuring the Taxable Part of Your IRA Distribution, in Publication 590. Free e file 2012 federal and state   If at least one of the above does not apply, figure your modified AGI using Worksheet 17-1, later. Free e file 2012 federal and state    How to figure your reduced IRA deduction. Free e file 2012 federal and state   You can figure your reduced IRA deduction for either Form 1040 or Form 1040A by using the worksheets in chapter 1 of Publication 590. Free e file 2012 federal and state Also, the instructions for Form 1040 and Form 1040A include similar worksheets that you may be able to use instead. Free e file 2012 federal and state Worksheet 17-1. Free e file 2012 federal and state Figuring Your Modified AGI Use this worksheet to figure your modified adjusted gross income for traditional IRA purposes. Free e file 2012 federal and state 1. Free e file 2012 federal and state Enter your adjusted gross income (AGI) from Form 1040, line 38, or Form 1040A, line 22, figured without taking into account the amount from Form 1040, line 32, or Form 1040A, line 17 1. Free e file 2012 federal and state   2. Free e file 2012 federal and state Enter any student loan interest deduction from Form 1040, line 33, or Form 1040A, line 18 2. Free e file 2012 federal and state   3. Free e file 2012 federal and state Enter any tuition and fees deduction from Form 1040, line 34, or Form 1040A, line 19 3. Free e file 2012 federal and state   4. Free e file 2012 federal and state Enter any domestic production activities deduction from Form 1040, line 35 4. Free e file 2012 federal and state   5. Free e file 2012 federal and state Enter any foreign earned income and/or housing exclusion from Form 2555, line 45, or Form 2555-EZ, line 18 5. Free e file 2012 federal and state   6. Free e file 2012 federal and state Enter any foreign housing deduction from Form 2555, line 50 6. Free e file 2012 federal and state   7. Free e file 2012 federal and state Enter any excludable savings bond interest from Form 8815, line 14 7. Free e file 2012 federal and state   8. Free e file 2012 federal and state Enter any excluded employer-provided adoption benefits from Form 8839, line 28 8. Free e file 2012 federal and state   9. Free e file 2012 federal and state Add lines 1 through 8. Free e file 2012 federal and state This is your Modified AGI for traditional IRA purposes 9. Free e file 2012 federal and state   Reporting Deductible Contributions If you file Form 1040, enter your IRA deduction on line 32 of that form. Free e file 2012 federal and state If you file Form 1040A, enter your IRA deduction on line 17. Free e file 2012 federal and state You cannot deduct IRA contributions on Form 1040EZ. Free e file 2012 federal and state Nondeductible Contributions Although your deduction for IRA contributions may be reduced or eliminated, contributions can be made to your IRA up to the general limit or, if it applies, the Kay Bailey Hutchison Spousal IRA limit. Free e file 2012 federal and state The difference between your total permitted contributions and your IRA deduction, if any, is your nondeductible contribution. Free e file 2012 federal and state Example. Free e file 2012 federal and state Mike is 28 years old and single. Free e file 2012 federal and state In 2013, he was covered by a retirement plan at work. Free e file 2012 federal and state His salary was $57,312. Free e file 2012 federal and state His modified AGI was $70,000. Free e file 2012 federal and state Mike made a $5,500 IRA contribution for 2013. Free e file 2012 federal and state Because he was covered by a retirement plan and his modified AGI was over $69,000, he cannot deduct his $5,500 IRA contribution. Free e file 2012 federal and state He must designate this contribution as a nondeductible contribution by reporting it on Form 8606, as explained next. Free e file 2012 federal and state Form 8606. Free e file 2012 federal and state   To designate contributions as nondeductible, you must file Form 8606. Free e file 2012 federal and state   You do not have to designate a contribution as nondeductible until you file your tax return. Free e file 2012 federal and state When you file, you can even designate otherwise deductible contributions as nondeductible. Free e file 2012 federal and state   You must file Form 8606 to report nondeductible contributions even if you do not have to file a tax return for the year. Free e file 2012 federal and state A Form 8606 is not used for the year that you make a rollover from a qualified retirement plan to a traditional IRA and the rollover includes nontaxable amounts. Free e file 2012 federal and state In those situations, a Form 8606 is completed for the year you take a distribution from that IRA. Free e file 2012 federal and state See Form 8606 under Distributions Fully or Partly Taxable, later. Free e file 2012 federal and state Failure to report nondeductible contributions. Free e file 2012 federal and state   If you do not report nondeductible contributions, all of the contributions to your traditional IRA will be treated as deductible contributions when withdrawn. Free e file 2012 federal and state All distributions from your IRA will be taxed unless you can show, with satisfactory evidence, that nondeductible contributions were made. Free e file 2012 federal and state Penalty for overstatement. Free e file 2012 federal and state   If you overstate the amount of nondeductible contributions on your Form 8606 for any tax year, you must pay a penalty of $100 for each overstatement, unless it was due to reasonable cause. Free e file 2012 federal and state Penalty for failure to file Form 8606. Free e file 2012 federal and state   You will have to pay a $50 penalty if you do not file a required Form 8606, unless you can prove that the failure was due to reasonable cause. Free e file 2012 federal and state    Tax on earnings on nondeductible contributions. Free e file 2012 federal and state   As long as contributions are within the contribution limits, none of the earnings or gains on contributions (deductible or nondeductible) will be taxed until they are distributed. Free e file 2012 federal and state See When Can You Withdraw or Use IRA Assets , later. Free e file 2012 federal and state Cost basis. Free e file 2012 federal and state   You will have a cost basis in your traditional IRA if you made any nondeductible contributions. Free e file 2012 federal and state Your cost basis is the sum of the nondeductible contributions to your IRA minus any withdrawals or distributions of nondeductible contributions. Free e file 2012 federal and state Inherited IRAs If you inherit a traditional IRA, you are called a beneficiary. Free e file 2012 federal and state A beneficiary can be any person or entity the owner chooses to receive the benefits of the IRA after he or she dies. Free e file 2012 federal and state Beneficiaries of a traditional IRA must include in their gross income any taxable distributions they receive. Free e file 2012 federal and state Inherited from spouse. Free e file 2012 federal and state   If you inherit a traditional IRA from your spouse, you generally have the following three choices. Free e file 2012 federal and state You can: Treat it as your own IRA by designating yourself as the account owner. Free e file 2012 federal and state Treat it as your own by rolling it over into your IRA, or to the extent it is taxable, into a: Qualified employer plan, Qualified employee annuity plan (section 403(a) plan), Tax-sheltered annuity plan (section 403(b) plan), or Deferred compensation plan of a state or local government (section 457 plan). Free e file 2012 federal and state Treat yourself as the beneficiary rather than treating the IRA as your own. Free e file 2012 federal and state Treating it as your own. Free e file 2012 federal and state   You will be considered to have chosen to treat the IRA as your own if: Contributions (including rollover contributions) are made to the inherited IRA, or You do not take the required minimum distribution for a year as a beneficiary of the IRA. Free e file 2012 federal and state You will only be considered to have chosen to treat the IRA as your own if: You are the sole beneficiary of the IRA, and You have an unlimited right to withdraw amounts from it. Free e file 2012 federal and state   However, if you receive a distribution from your deceased spouse's IRA, you can roll that distribution over into your own IRA within the 60-day time limit, as long as the distribution is not a required distribution, even if you are not the sole beneficiary of your deceased spouse's IRA. Free e file 2012 federal and state Inherited from someone other than spouse. Free e file 2012 federal and state   If you inherit a traditional IRA from anyone other than your deceased spouse, you cannot treat the inherited IRA as your own. Free e file 2012 federal and state This means that you cannot make any contributions to the IRA. Free e file 2012 federal and state It also means you cannot roll over any amounts into or out of the inherited IRA. Free e file 2012 federal and state However, you can make a trustee-to-trustee transfer as long as the IRA into which amounts are being moved is set up and maintained in the name of the deceased IRA owner for the benefit of you as beneficiary. Free e file 2012 federal and state For more information, see the discussion of inherited IRAs under Rollover From One IRA Into Another, later. Free e file 2012 federal and state Can You Move Retirement Plan Assets? You can transfer, tax free, assets (money or property) from other retirement plans (including traditional IRAs) to a traditional IRA. Free e file 2012 federal and state You can make the following kinds of transfers. Free e file 2012 federal and state Transfers from one trustee to another. Free e file 2012 federal and state Rollovers. Free e file 2012 federal and state Transfers incident to a divorce. Free e file 2012 federal and state Transfers to Roth IRAs. Free e file 2012 federal and state   Under certain conditions, you can move assets from a traditional IRA or from a designated Roth account to a Roth IRA. Free e file 2012 federal and state You can also move assets from a qualified retirement plan to a Roth IRA. Free e file 2012 federal and state See Can You Move Amounts Into a Roth IRA? under Roth IRAs, later. Free e file 2012 federal and state Trustee-to-Trustee Transfer A transfer of funds in your traditional IRA from one trustee directly to another, either at your request or at the trustee's request, is not a rollover. Free e file 2012 federal and state Because there is no distribution to you, the transfer is tax free. Free e file 2012 federal and state Because it is not a rollover, it is not affected by the 1-year waiting period required between rollovers, discussed later under Rollover From One IRA Into Another . Free e file 2012 federal and state For information about direct transfers to IRAs from retirement plans other than IRAs, see Can You Move Retirement Plan Assets? in chapter 1 and Can You Move Amounts Into a Roth IRA? in chapter 2 of Publication 590. Free e file 2012 federal and state Rollovers Generally, a rollover is a tax-free distribution to you of cash or other assets from one retirement plan that you contribute (roll over) to another retirement plan. Free e file 2012 federal and state The contribution to the second retirement plan is called a “rollover contribution. Free e file 2012 federal and state ” Note. Free e file 2012 federal and state An amount rolled over tax free from one retirement plan to another is generally includible in income when it is distributed from the second plan. Free e file 2012 federal and state Kinds of rollovers to a traditional IRA. Free e file 2012 federal and state   You can roll over amounts from the following plans into a traditional IRA: A traditional IRA, An employer's qualified retirement plan for its employees, A deferred compensation plan of a state or local government (section 457 plan), or A tax-sheltered annuity plan (section 403(b) plan). Free e file 2012 federal and state Treatment of rollovers. Free e file 2012 federal and state   You cannot deduct a rollover contribution, but you must report the rollover distribution on your tax return as discussed later under Reporting rollovers from IRAs and under Reporting rollovers from employer plans . Free e file 2012 federal and state Kinds of rollovers from a traditional IRA. Free e file 2012 federal and state   You may be able to roll over, tax free, a distribution from your traditional IRA into a qualified plan. Free e file 2012 federal and state These plans include the federal Thrift Savings Fund (for federal employees), deferred compensation plans of state or local governments (section 457 plans), and tax-sheltered annuity plans (section 403(b) plans). Free e file 2012 federal and state The part of the distribution that you can roll over is the part that would otherwise be taxable (includible in your income). Free e file 2012 federal and state Qualified plans may, but are not required to, accept such rollovers. Free e file 2012 federal and state Time limit for making a rollover contribution. Free e file 2012 federal and state   You generally must make the rollover contribution by the 60th day after the day you receive the distribution from your traditional IRA or your employer's plan. Free e file 2012 federal and state The IRS may waive the 60-day requirement where the failure to do so would be against equity or good conscience, such as in the event of a casualty, disaster, or other event beyond your reasonable control. Free e file 2012 federal and state For more information, see Can You Move Retirement Plan Assets? in chapter 1 of Publication 590. Free e file 2012 federal and state Extension of rollover period. Free e file 2012 federal and state   If an amount distributed to you from a traditional IRA or a qualified employer retirement plan is a frozen deposit at any time during the 60-day period allowed for a rollover, special rules extend the rollover period. Free e file 2012 federal and state For more information, see Can You Move Retirement Plan Assets? in chapter 1 of Publication 590. Free e file 2012 federal and state More information. Free e file 2012 federal and state   For more information on rollovers, see Can You Move Retirement Plan Assets? in chapter 1 of Publication 590. Free e file 2012 federal and state Rollover From One IRA Into Another You can withdraw, tax free, all or part of the assets from one traditional IRA if you reinvest them within 60 days in the same or another traditional IRA. Free e file 2012 federal and state Because this is a rollover, you cannot deduct the amount that you reinvest in an IRA. Free e file 2012 federal and state Waiting period between rollovers. Free e file 2012 federal and state   Generally, if you make a tax-free rollover of any part of a distribution from a traditional IRA, you cannot, within a 1-year period, make a tax-free rollover of any later distribution from that same IRA. Free e file 2012 federal and state You also cannot make a tax-free rollover of any amount distributed, within the same 1-year period, from the IRA into which you made the tax-free rollover. Free e file 2012 federal and state   The 1-year period begins on the date you receive the IRA distribution, not on the date you roll it over into an IRA. Free e file 2012 federal and state Example. Free e file 2012 federal and state You have two traditional IRAs, IRA-1 and IRA-2. Free e file 2012 federal and state You make a tax-free rollover of a distribution from IRA-1 into a new traditional IRA (IRA-3). Free e file 2012 federal and state You cannot, within 1 year of the distribution from IRA-1, make a tax-free rollover of any distribution from either IRA-1 or IRA-3 into another traditional IRA. Free e file 2012 federal and state However, the rollover from IRA-1 into IRA-3 does not prevent you from making a tax-free rollover from IRA-2 into any other traditional IRA. Free e file 2012 federal and state This is because you have not, within the last year, rolled over, tax free, any distribution from IRA-2 or made a tax-free rollover into IRA-2. Free e file 2012 federal and state Exception. Free e file 2012 federal and state   For an exception for distributions from failed financial institutions, see Rollover From One IRA Into Another under Can You Move Retirement Plan Assets? in chapter 1 of Publication 590. Free e file 2012 federal and state Partial rollovers. Free e file 2012 federal and state   If you withdraw assets from a traditional IRA, you can roll over part of the withdrawal tax free and keep the rest of it. Free e file 2012 federal and state The amount you keep will generally be taxable (except for the part that is a return of nondeductible contributions). Free e file 2012 federal and state The amount you keep may be subject to the 10% additional tax on early distributions, discussed later under What Acts Result in Penalties or Additional Taxes? . Free e file 2012 federal and state Required distributions. Free e file 2012 federal and state   Amounts that must be distributed during a particular year under the required distribution rules (discussed later) are not eligible for rollover treatment. Free e file 2012 federal and state Inherited IRAs. Free e file 2012 federal and state   If you inherit a traditional IRA from your spouse, you generally can roll it over, or you can choose to make the inherited IRA your own. Free e file 2012 federal and state See Treating it as your own , earlier. Free e file 2012 federal and state Not inherited from spouse. Free e file 2012 federal and state   If you inherit a traditional IRA from someone other than your spouse, you cannot roll it over or allow it to receive a rollover contribution. Free e file 2012 federal and state You must withdraw the IRA assets within a certain period. Free e file 2012 federal and state For more information, see When Must You Withdraw Assets? in chapter 1 of Publication 590. Free e file 2012 federal and state Reporting rollovers from IRAs. Free e file 2012 federal and state   Report any rollover from one traditional IRA to the same or another traditional IRA on lines 15a and 15b, Form 1040, or lines 11a and 11b, Form 1040A, as follows. Free e file 2012 federal and state   Enter the total amount of the distribution on Form 1040, line 15a, or Form 1040A, line 11a. Free e file 2012 federal and state If the total amount on Form 1040, line 15a, or Form 1040A, line 11a, was rolled over, enter zero on Form 1040, line 15b, or Form 1040A, line 11b. Free e file 2012 federal and state If the total distribution was not rolled over, enter the taxable portion of the part that was not rolled over on Form 1040, line 15b, or Form 1040A, line 11b. Free e file 2012 federal and state Put “Rollover” next to Form 1040, line 15b, or Form 1040A, line 11b. Free e file 2012 federal and state See your tax return instructions. Free e file 2012 federal and state   If you rolled over the distribution into a qualified plan (other than an IRA) or you make the rollover in 2014, attach a statement explaining what you did. Free e file 2012 federal and state Rollover From Employer's Plan Into an IRA You can roll over into a traditional IRA all or part of an eligible rollover distribution you receive from your (or your deceased spouse's): Employer's qualified pension, profit-sharing, or stock bonus plan; Annuity plan; Tax-sheltered annuity plan (section 403(b) plan); or Governmental deferred compensation plan (section 457 plan). Free e file 2012 federal and state A qualified plan is one that meets the requirements of the Internal Revenue Code. Free e file 2012 federal and state Eligible rollover distribution. Free e file 2012 federal and state   Generally, an eligible rollover distribution is any distribution of all or part of the balance to your credit in a qualified retirement plan except the following. Free e file 2012 federal and state A required minimum distribution (explained later under When Must You Withdraw IRA Assets? (Required Minimum Distributions) ). Free e file 2012 federal and state A hardship distribution. Free e file 2012 federal and state Any of a series of substantially equal periodic distributions paid at least once a year over: Your lifetime or life expectancy, The lifetimes or life expectancies of you and your beneficiary, or A period of 10 years or more. Free e file 2012 federal and state Corrective distributions of excess contributions or excess deferrals, and any income allocable to the excess, or of excess annual additions and any allocable gains. Free e file 2012 federal and state A loan treated as a distribution because it does not satisfy certain requirements either when made or later (such as upon default), unless the participant's accrued benefits are reduced (offset) to repay the loan. Free e file 2012 federal and state Dividends on employer securities. Free e file 2012 federal and state The cost of life insurance coverage. Free e file 2012 federal and state Any nontaxable amounts that you roll over into your traditional IRA become part of your basis (cost) in your IRAs. Free e file 2012 federal and state To recover your basis when you take distributions from your IRA, you must complete Form 8606 for the year of the distribution. Free e file 2012 federal and state See Form 8606 under Distributions Fully or Partly Taxable, later. Free e file 2012 federal and state Rollover by nonspouse beneficiary. Free e file 2012 federal and state   A direct transfer from a deceased employee's qualified pension, profit-sharing, or stock bonus plan; annuity plan; tax-sheltered annuity (section 403(b)) plan; or governmental deferred compensation (section 457) plan to an IRA set up to receive the distribution on your behalf can be treated as an eligible rollover distribution if you are the designated beneficiary of the plan and not the employee's spouse. Free e file 2012 federal and state The IRA is treated as an inherited IRA. Free e file 2012 federal and state For more information about inherited IRAs, see Inherited IRAs , earlier. Free e file 2012 federal and state Reporting rollovers from employer plans. Free e file 2012 federal and state    Enter the total distribution (before income tax or other deductions were withheld) on Form 1040, line 16a, or Form 1040A, line 12a. Free e file 2012 federal and state This amount should be shown in box 1 of Form 1099-R. Free e file 2012 federal and state From this amount, subtract any contributions (usually shown in box 5 of Form 1099-R) that were taxable to you when made. Free e file 2012 federal and state From that result, subtract the amount that was rolled over either directly or within 60 days of receiving the distribution. Free e file 2012 federal and state Enter the remaining amount, even if zero, on Form 1040, line 16b, or Form 1040A, line 12b. Free e file 2012 federal and state Also, enter "Rollover" next to Form 1040, line 16b, or Form 1040A, line 12b. Free e file 2012 federal and state Transfers Incident to Divorce If an interest in a traditional IRA is transferred from your spouse or former spouse to you by a divorce or separate maintenance decree or a written document related to such a decree, the interest in the IRA, starting from the date of the transfer, is treated as your IRA. Free e file 2012 federal and state The transfer is tax free. Free e file 2012 federal and state For detailed information, see Can You Move Retirement Plan Assets? in chapter 1 of Publication 590. Free e file 2012 federal and state Converting From Any Traditional IRA to a Roth IRA Allowable conversions. Free e file 2012 federal and state   You can withdraw all or part of the assets from a traditional IRA and reinvest them (within 60 days) in a Roth IRA. Free e file 2012 federal and state The amount that you withdraw and timely contribute (convert) to the Roth IRA is called a conversion contribution. Free e file 2012 federal and state If properly (and timely) rolled over, the 10% additional tax on early distributions will not apply. Free e file 2012 federal and state However, a part or all of the conversion contribution from your traditional IRA is included in your gross income. Free e file 2012 federal and state Required distributions. Free e file 2012 federal and state   You cannot convert amounts that must be distributed from your traditional IRA for a particular year (including the calendar year in which you reach age 70½) under the required distribution rules (discussed later). Free e file 2012 federal and state Income. Free e file 2012 federal and state   You must include in your gross income distributions from a traditional IRA that you would have had to include in income if you had not converted them into a Roth IRA. Free e file 2012 federal and state These amounts are normally included in income on your return for the year that you converted them from a traditional IRA to a Roth IRA. Free e file 2012 federal and state   You do not include in gross income any part of a distribution from a traditional IRA that is a return of your basis, as discussed later. Free e file 2012 federal and state   You must file Form 8606 to report 2013 conversions from traditional, SEP, or SIMPLE IRAs to a Roth IRA in 2013 (unless you recharacterized the entire amount) and to figure the amount to include in income. Free e file 2012 federal and state   If you must include any amount in your gross income, you may have to increase your withholding or make estimated tax payments. Free e file 2012 federal and state See chapter 4. Free e file 2012 federal and state Recharacterizations You may be able to treat a contribution made to one type of IRA as having been made to a different type of IRA. Free e file 2012 federal and state This is called recharacterizing the contribution. Free e file 2012 federal and state See Can You Move Retirement Plan Assets? in chapter 1 of Publication 590 for more detailed information. Free e file 2012 federal and state How to recharacterize a contribution. Free e file 2012 federal and state   To recharacterize a contribution, you generally must have the contribution transferred from the first IRA (the one to which it was made) to the second IRA in a trustee-to-trustee transfer. Free e file 2012 federal and state If the transfer is made by the due date (including extensions) for your tax return for the year during which the contribution was made, you can elect to treat the contribution as having been originally made to the second IRA instead of to the first IRA. Free e file 2012 federal and state If you recharacterize your contribution, you must do all three of the following. Free e file 2012 federal and state Include in the transfer any net income allocable to the contribution. Free e file 2012 federal and state If there was a loss, the net income you must transfer may be a negative amount. Free e file 2012 federal and state Report the recharacterization on your tax return for the year during which the contribution was made. Free e file 2012 federal and state Treat the contribution as having been made to the second IRA on the date that it was actually made to the first IRA. Free e file 2012 federal and state No deduction allowed. Free e file 2012 federal and state   You cannot deduct the contribution to the first IRA. Free e file 2012 federal and state Any net income you transfer with the recharacterized contribution is treated as earned in the second IRA. Free e file 2012 federal and state Required notifications. Free e file 2012 federal and state   To recharacterize a contribution, you must notify both the trustee of the first IRA (the one to which the contribution was actually made) and the trustee of the second IRA (the one to which the contribution is being moved) that you have elected to treat the contribution as having been made to the second IRA rather than the first. Free e file 2012 federal and state You must make the notifications by the date of the transfer. Free e file 2012 federal and state Only one notification is required if both IRAs are maintained by the same trustee. Free e file 2012 federal and state The notification(s) must include all of the following information. Free e file 2012 federal and state The type and amount of the contribution to the first IRA that is to be recharacterized. Free e file 2012 federal and state The date on which the contribution was made to the first IRA and the year for which it was made. Free e file 2012 federal and state A direction to the trustee of the first IRA to transfer in a trustee-to-trustee transfer the amount of the contribution and any net income (or loss) allocable to the contribution to the trustee of the second IRA. Free e file 2012 federal and state The name of the trustee of the first IRA and the name of the trustee of the second IRA. Free e file 2012 federal and state Any additional information needed to make the transfer. Free e file 2012 federal and state Reporting a recharacterization. Free e file 2012 federal and state   If you elect to recharacterize a contribution to one IRA as a contribution to another IRA, you must report the recharacterization on your tax return as directed by Form 8606 and its instructions. Free e file 2012 federal and state You must treat the contribution as having been made to the second IRA. Free e file 2012 federal and state When Can You Withdraw or Use IRA Assets? There are rules limiting use of your IRA assets and distributions from it. Free e file 2012 federal and state Violation of the rules generally results in additional taxes in the year of violation. Free e file 2012 federal and state See What Acts Result in Penalties or Additional Taxes , later. Free e file 2012 federal and state Contributions returned before the due date of return. Free e file 2012 federal and state   If you made IRA contributions in 2013, you can withdraw them tax free by the due date of your return. Free e file 2012 federal and state If you have an extension of time to file your return, you can withdraw them tax free by the extended due date. Free e file 2012 federal and state You can do this if, for each contribution you withdraw, both of the following conditions apply. Free e file 2012 federal and state You did not take a deduction for the contribution. Free e file 2012 federal and state You withdraw any interest or other income earned on the contribution. Free e file 2012 federal and state You can take into account any loss on the contribution while it was in the IRA when calculating the amount that must be withdrawn. Free e file 2012 federal and state If there was a loss, the net income earned on the contribution may be a negative amount. Free e file 2012 federal and state Note. Free e file 2012 federal and state To calculate the amount you must withdraw, see Worksheet 1-4 under When Can You Withdraw or Use Assets? in chapter 1 of Publication 590. Free e file 2012 federal and state Earnings includible in income. Free e file 2012 federal and state   You must include in income any earnings on the contributions you withdraw. Free e file 2012 federal and state Include the earnings in income for the year in which you made the contributions, not in the year in which you withdraw them. Free e file 2012 federal and state Generally, except for any part of a withdrawal that is a return of nondeductible contributions (basis), any withdrawal of your contributions after the due date (or extended due date) of your return will be treated as a taxable distribution. Free e file 2012 federal and state Excess contributions can also be recovered tax free as discussed under What Acts Result in Penalties or Additional Taxes?, later. Free e file 2012 federal and state    Early distributions tax. Free e file 2012 federal and state   The 10% additional tax on distributions made before you reach age 59½ does not apply to these tax-free withdrawals of your contributions. Free e file 2012 federal and state However, the distribution of interest or other income must be reported on Form 5329 and, unless the distribution qualifies as an exception to the age 59½ rule, it will be subject to this tax. Free e file 2012 federal and state When Must You Withdraw IRA Assets? (Required Minimum Distributions) You cannot keep funds in a traditional IRA indefinitely. Free e file 2012 federal and state Eventually they must be distributed. Free e file 2012 federal and state If there are no distributions, or if the distributions are not large enough, you may have to pay a 50% excise tax on the amount not distributed as required. Free e file 2012 federal and state See Excess Accumulations (Insufficient Distributions) , later. Free e file 2012 federal and state The requirements for distributing IRA funds differ depending on whether you are the IRA owner or the beneficiary of a decedent's IRA. Free e file 2012 federal and state Required minimum distribution. Free e file 2012 federal and state   The amount that must be distributed each year is referred to as the required minimum distribution. Free e file 2012 federal and state Required distributions not eligible for rollover. Free e file 2012 federal and state   Amounts that must be distributed (required minimum distributions) during a particular year are not eligible for rollover treatment. Free e file 2012 federal and state IRA owners. Free e file 2012 federal and state   If you are the owner of a traditional IRA, you must generally start receiving distributions from your IRA by April 1 of the year following the year in which you reach age 70½. Free e file 2012 federal and state April 1 of the year following the year in which you reach age 70½ is referred to as the required beginning date. Free e file 2012 federal and state Distributions by the required beginning date. Free e file 2012 federal and state   You must receive at least a minimum amount for each year starting with the year you reach age 70½ (your 70½ year). Free e file 2012 federal and state If you do not (or did not) receive that minimum amount in your 70½ year, then you must receive distributions for your 70½ year by April 1 of the next year. Free e file 2012 federal and state   If an IRA owner dies after reaching age 70½, but before April 1 of the next year, no minimum distribution is required because death occurred before the required beginning date. Free e file 2012 federal and state Even if you begin receiving distributions before you attain age 70½, you must begin calculating and receiving required minimum distributions by your required beginning date. Free e file 2012 federal and state Distributions after the required beginning date. Free e file 2012 federal and state   The required minimum distribution for any year after the year you turn 70½ must be made by December 31 of that later year. Free e file 2012 federal and state    Beneficiaries. Free e file 2012 federal and state   If you are the beneficiary of a decedent's traditional IRA, the requirements for distributions from that IRA generally depend on whether the IRA owner died before or after the required beginning date for distributions. Free e file 2012 federal and state More information. Free e file 2012 federal and state   For more information, including how to figure your minimum required distribution each year and how to figure your required distribution if you are a beneficiary of a decedent's IRA, see When Must You Withdraw Assets? in chapter 1 of Publication 590. Free e file 2012 federal and state Are Distributions Taxable? In general, distributions from a traditional IRA are taxable in the year you receive them. Free e file 2012 federal and state Exceptions. Free e file 2012 federal and state   Exceptions to distributions from traditional IRAs being taxable in the year you receive them are: Rollovers, Qualified charitable distributions (QCD), discussed later, Tax-free withdrawals of contributions, discussed earlier, and The return of nondeductible contributions, discussed later under Distributions Fully or Partly Taxable . Free e file 2012 federal and state    Although a conversion of a traditional IRA is considered a rollover for Roth IRA purposes, it is not an exception to the rule that distributions from a traditional IRA are taxable in the year you receive them. Free e file 2012 federal and state Conversion distributions are includible in your gross income subject to this rule and the special rules for conversions explained in Converting From Any Traditional IRA Into a Roth IRA under Can You Move Retirement Plan Assets? in chapter 1 of Publication 590. Free e file 2012 federal and state Qualified charitable distributions (QCD). Free e file 2012 federal and state   A QCD is generally a nontaxable distribution made directly by the trustee of your IRA to an organization eligible to receive tax-deductible contributions. Free e file 2012 federal and state Special rules apply if you made a qualified charitable distribution in January 2013 that you elected to treat as made in 2012. Free e file 2012 federal and state See Qualified Charitable Distributions in Publication 590 for more information. Free e file 2012 federal and state Ordinary income. Free e file 2012 federal and state   Distributions from traditional IRAs that you include in income are taxed as ordinary income. Free e file 2012 federal and state No special treatment. Free e file 2012 federal and state   In figuring your tax, you cannot use the 10-year tax option or capital gain treatment that applies to lump-sum distributions from qualified retirement plans. Free e file 2012 federal and state Distributions Fully or Partly Taxable Distributions from your traditional IRA may be fully or partly taxable, depending on whether your IRA includes any nondeductible contributions. Free e file 2012 federal and state Fully taxable. Free e file 2012 federal and state   If only deductible contributions were made to your traditional IRA (or IRAs, if you have more than one), you have no basis in your IRA. Free e file 2012 federal and state Because you have no basis in your IRA, any distributions are fully taxable when received. Free e file 2012 federal and state See Reporting taxable distributions on your return , later. Free e file 2012 federal and state Partly taxable. Free e file 2012 federal and state    If you made nondeductible contributions or rolled over any after-tax amounts to any of your traditional IRAs, you have a cost basis (investment in the contract) equal to the amount of those contributions. Free e file 2012 federal and state These nondeductible contributions are not taxed when they are distributed to you. Free e file 2012 federal and state They are a return of your investment in your IRA. Free e file 2012 federal and state   Only the part of the distribution that represents nondeductible contributions and rolled over after-tax amounts (your cost basis) is tax free. Free e file 2012 federal and state If nondeductible contributions have been made or after-tax amounts have been rolled over to your IRA, distributions consist partly of nondeductible contributions (basis) and partly of deductible contributions, earnings, and gains (if there are any). Free e file 2012 federal and state Until all of your basis has been distributed, each distribution is partly nontaxable and partly taxable. Free e file 2012 federal and state Form 8606. Free e file 2012 federal and state   You must complete Form 8606 and attach it to your return if you receive a distribution from a traditional IRA and have ever made nondeductible contributions or rolled over after-tax amounts to any of your traditional IRAs. Free e file 2012 federal and state Using the form, you will figure the nontaxable distributions for 2013 and your total IRA basis for 2013 and earlier years. Free e file 2012 federal and state Note. Free e file 2012 federal and state If you are required to file Form 8606, but you are not required to file an income tax return, you still must file Form 8606. Free e file 2012 federal and state Send it to the IRS at the time and place you would otherwise file an income tax return. Free e file 2012 federal and state Distributions reported on Form 1099-R. Free e file 2012 federal and state   If you receive a distribution from your traditional IRA, you will receive Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Free e file 2012 federal and state , or a similar statement. Free e file 2012 federal and state IRA distributions are shown in boxes 1 and 2a of Form 1099-R. Free e file 2012 federal and state A number or letter code in box 7 tells you what type of distribution you received from your IRA. Free e file 2012 federal and state Withholding. Free e file 2012 federal and state   Federal income tax is withheld from distributions from traditional IRAs unless you choose not to have tax withheld. Free e file 2012 federal and state See chapter 4. Free e file 2012 federal and state IRA distributions delivered outside the United States. Free e file 2012 federal and state   In general, if you are a U. Free e file 2012 federal and state S. Free e file 2012 federal and state citizen or resident alien and your home address is outside the United States or its possessions, you cannot choose exemption from withholding on distributions from your traditional IRA. Free e file 2012 federal and state Reporting taxable distributions on your return. Free e file 2012 federal and state    Report fully taxable distributions, including early distributions on Form 1040, line 15b, or Form 1040A, line 11b (no entry is required on Form 1040, line 15a, or Form 1040A, line 11a). Free e file 2012 federal and state If only part of the distribution is taxable, enter the total amount on Form 1040, line 15a, or Form 1040A, line 11a, and the taxable part on Form 1040, line 15b, or Form 1040A, line 11b. Free e file 2012 federal and state You cannot report distributions on Form 1040EZ. Free e file 2012 federal and state What Acts Result in Penalties or Additional Taxes? The tax advantages of using traditional IRAs for retirement savings can be offset by additional taxes and penalties if you do not follow the rules. Free e file 2012 federal and state There are additions to the regular tax for using your IRA funds in prohibited transactions. Free e file 2012 federal and state There are also additional taxes for the following activities. Free e file 2012 federal and state Investing in collectibles. Free e file 2012 federal and state Making excess contributions. Free e file 2012 federal and state Taking early distributions. Free e file 2012 federal and state Allowing excess amounts to accumulate (failing to take required distributions). Free e file 2012 federal and state There are penalties for overstating the amount of nondeductible contributions and for failure to file a Form 8606, if required. Free e file 2012 federal and state Prohibited Transactions Generally, a prohibited transaction is any improper use of your traditional IRA by you, your beneficiary, or any disqualified person. Free e file 2012 federal and state Disqualified persons include your fiduciary and members of your family (spouse, ancestor, lineal descendent, and any spouse of a lineal descendent). Free e file 2012 federal and state The following are examples of prohibited transactions with a traditional IRA. Free e file 2012 federal and state Borrowing money from it. Free e file 2012 federal and state Selling property to it. Free e file 2012 federal and state Receiving unreasonable compensation for managing it. Free e file 2012 federal and state Using it as security for a loan. Free e file 2012 federal and state Buying property for personal use (present or future) with IRA funds. Free e file 2012 federal and state Effect on an IRA account. Free e file 2012 federal and state   Generally, if you or your beneficiary engages in a prohibited transaction in connection with your traditional IRA account at any time during the year, the account stops being an IRA as of the first day of that year. Free e file 2012 federal and state Effect on you or your beneficiary. Free e file 2012 federal and state   If your account stops being an IRA because you or your beneficiary engaged in a prohibited transaction, the account is treated as distributing all its assets to you at their fair market values on the first day of the year. Free e file 2012 federal and state If the total of those values is more than your basis in the IRA, you will have a taxable gain that is includible in your income. Free e file 2012 federal and state For information on figuring your gain and reporting it in income, see Are Distributions Taxable , earlier. Free e file 2012 federal and state The distribution may be subject to additional taxes or penalties. Free e file 2012 federal and state Taxes on prohibited transactions. Free e file 2012 federal and state   If someone other than the owner or beneficiary of a traditional IRA engages in a prohibited transaction, that person may be liable for certain taxes. Free e file 2012 federal and state In general, there is a 15% tax on the amount of the prohibited transaction and a 100% additional tax if the transaction is not corrected. Free e file 2012 federal and state More information. Free e file 2012 federal and state   For more information on prohibited transactions, see What Acts Result in Penalties or Additional Taxes? in chapter 1 of Publication 590. Free e file 2012 federal and state Investment in Collectibles If your traditional IRA invests in collectibles, the amount invested is considered distributed to you in the year invested. Free e file 2012 federal and state You may have to pay the 10% additional tax on early distributions, discussed later. Free e file 2012 federal and state Collectibles. Free e file 2012 federal and state   These include: Artworks, Rugs, Antiques, Metals, Gems, Stamps, Coins, Alcoholic beverages, and Certain other tangible personal property. Free e file 2012 federal and state Exception. Free e file 2012 federal and state    Your IRA can invest in one, one-half, one-quarter, or one-tenth ounce U. Free e file 2012 federal and state S. Free e file 2012 federal and state gold coins, or one-ounce silver coins minted by the Treasury Department. Free e file 2012 federal and state It can also invest in certain platinum coins and certain gold, silver, palladium, and platinum bullion. Free e file 2012 federal and state Excess Contributions Generally, an excess contribution is the amount contributed to your traditional IRA(s) for the year that is more than the smaller of: The maximum deductible amount for the year. Free e file 2012 federal and state For 2013, this is $5,500 ($6,500 if you are 50 or older), or Your taxable compensation for the year. Free e file 2012 federal and state Tax on excess contributions. Free e file 2012 federal and state   In general, if the excess contributions for a year are not withdrawn by the date your return for the year is due (including extensions), you are subject to a 6% tax. Free e file 2012 federal and state You must pay the 6% tax each year on excess amounts that remain in your traditional IRA at the end of your tax year. Free e file 2012 federal and state The tax cannot be more than 6% of the combined value of all your IRAs as of the end of your tax year. Free e file 2012 federal and state Excess contributions withdrawn by due date of return. Free e file 2012 federal and state   You will not have to pay the 6% tax if you withdraw an excess contribution made during a tax year and you also withdraw interest or other income earned on the excess contribution. Free e file 2012 federal and state You must complete your withdrawal by the date your tax return for that year is due, including extensions. Free e file 2012 federal and state How to treat withdrawn contributions. Free e file 2012 federal and state   Do not include in your gross income an excess contribution that you withdraw from your traditional IRA before your tax return is due if both the following conditions are met. Free e file 2012 federal and state No deduction was allowed for the excess contribution. Free e file 2012 federal and state You withdraw the interest or other income earned on the excess contribution. Free e file 2012 federal and state You can take into account any loss on the contribution while it was in the IRA when calculating the amount that must be withdrawn. Free e file 2012 federal and state If there was a loss, the net income you must withdraw may be a negative amount. Free e file 2012 federal and state How to treat withdrawn interest or other income. Free e file 2012 federal and state   You must include in your gross income the interest or other income that was earned on the excess contribution. Free e file 2012 federal and state Report it on your return for the year in which the excess contribution was made. Free e file 2012 federal and state Your withdrawal of interest or other income may be subject to an additional 10% tax on early distributions, discus
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Taxpayer Compliance Research

The IRS seeks to help taxpayers comply with their tax obligations voluntarily and timely. The articles and publications on this page contain research related to taxpayer compliance. Compliance measurement research, also known as the tax gap, examines how much tax is not paid voluntarily and timely. Another set of research looks at the causes of taxpayer compliance.

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The IRS Research Conference, highlights research on tax compliance and administration, and facilitated dialogue among IRS researchers, IRS and state tax administrators, tax experts from other countries, academic researchers, Federal agencies, and private sector experts.

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Page Last Reviewed or Updated: 23-Apr-2013

The Free E File 2012 Federal And State

Free e file 2012 federal and state Index A Acontecimientos futuros, Acontecimientos futuros Administración del Seguro Social (SSA) Ayuda para radicar documentos ante la SSA , Ayuda para radicar documentos ante la SSA. Free e file 2012 federal and state Ajustes a los Formularios 941-PR, 944(SP) o 943-PR Ajustes del período en curso, Ajustes del período en curso. Free e file 2012 federal and state Ajustes de períodos anteriores a los Formularios 941-PR, 944(SP) o 943-PR, Ajustes de períodos anteriores Cambio en el proceso para hacer ajustes libres de intereses, Antecedentes. Free e file 2012 federal and state Excepciones a las correcciones de las contribuciones sobre la nómina libres de intereses , Excepciones a las correcciones de las contribuciones sobre la nómina libres de intereses. Free e file 2012 federal and state Planillas para ajustes en períodos anteriores, Planillas para ajustes en períodos anteriores. Free e file 2012 federal and state Proceso para hacer ajustes a las contribuciones sobre la nómina, Proceso para hacer ajustes a las contribuciones sobre la nómina. Free e file 2012 federal and state Recaudando las contribuciones retenidas de menos de los empleados, Recaudando las contribuciones retenidas de menos de los empleados. Free e file 2012 federal and state Reintegro de cantidades incorrectamente retenidas de los empleados, Reintegro de cantidades incorrectamente retenidas de los empleados. Free e file 2012 federal and state Ayuda contributiva, Cómo obtener ayuda relacionada con las contribuciones Ayuda provista por el IRS , Ayuda provista por el IRS. Free e file 2012 federal and state Ayuda relacionada con las contribuciones, Ayuda relacionada con las contribuciones. Free e file 2012 federal and state B Beneficios marginales, Retención y declaración de la contribución sobre beneficios marginales proporcionados a los empleados Cuándo se tratan los beneficios marginales como pagados al empleado, Cuándo se tratan los beneficios marginales como pagados al empleado. Free e file 2012 federal and state Depósito de la contribución sobre los beneficios marginales, Depósito de la contribución sobre los beneficios marginales. Free e file 2012 federal and state Regla especial en el caso de beneficios marginales proporcionados en noviembre y diciembre, Regla especial en el caso de beneficios marginales proporcionados en noviembre y diciembre. Free e file 2012 federal and state Retención de las contribuciones al Seguro Social y al seguro Medicare sobre los beneficios marginales, Retención de las contribuciones al Seguro Social y al seguro Medicare sobre los beneficios marginales. Free e file 2012 federal and state Valorización de vehículos proporcionados a los empleados, Valorización de vehículos proporcionados a los empleados. Free e file 2012 federal and state C Cálculo de las contribuciones al Seguro Social, al seguro Medicare y al FUTA , 9. Free e file 2012 federal and state Cálculo de las contribuciones al Seguro Social, al seguro Medicare y al FUTA Compensación por enfermedad, Pagos de compensación por enfermedad. Free e file 2012 federal and state Contribución Adicional al Medicare , Retención de la Contribución Adicional al Medicare. Free e file 2012 federal and state Contribuciones al Seguro Social y al Medicare , Contribuciones al Seguro Social y al Medicare. Free e file 2012 federal and state Contribuciones pagadas por el patrono, Contribución pagada por el patrono correspondiente al empleado. Free e file 2012 federal and state Deducción de la contribución, Deducción de la contribución. Free e file 2012 federal and state Patronos domésticos y agrícolas, Patronos domésticos y agrícolas. Free e file 2012 federal and state Calendario, Calendario Formulario 499R-2/W-2PR, Calendario Formulario 940-PR, Calendario Formulario 943-PR, Calendario Formulario 944(SP), Calendario Formulario 944-PR, Calendario Para el 28 de febrero, Calendario Para el 30 de abril, Calendario Para el 31 de enero, Calendario Para el 31 de julio, Calendario Para el 31 de marzo, Calendario Para el 31 de octubre, Calendario Clasificación errónea de empleados, Clasificación errónea de empleados. Free e file 2012 federal and state COBRA Crédito de asistencia para las primas COBRA , Recordatorios, Crédito de asistencia para las primas de COBRA. Free e file 2012 federal and state Comentarios y sugerencias, Recordatorios Compañías subsidarias calificadas conforme al subcapítulo S QSubs, Entidades no consideradas como separadas de sus dueños y compañías subsidarias calificadas conforme al subcapítulo S (QSubs). Free e file 2012 federal and state Compensación por enfermedad, Compensación por enfermedad Patronos Compensación por enfermedad procedentes de una compañía de seguros o de algún otro tercero pagador, Patronos. Free e file 2012 federal and state Terceros pagadores, Terceros pagadores. Free e file 2012 federal and state Contratación de nuevos empleados, Recordatorios Contratistas independientes, Contratistas independientes. Free e file 2012 federal and state Contribución Adicional al Medicare Retención de la Contribución Adicional al Medicare , Recordatorios Contribución Adicional al Medicare, ajustes a la retención, Ajustes a la retención de la Contribución Adicional al Medicare. Free e file 2012 federal and state Contribución al Seguro Social y al seguro Medicare por trabajo agrícola, 7. Free e file 2012 federal and state Contribución al Seguro Social y al seguro Medicare por trabajo agrícola El requisito de los $150 o $2,500, El requisito de los $150 o $2,500. Free e file 2012 federal and state Excepciones al requisito de los $150 o $2,500, Excepciones. Free e file 2012 federal and state Contribución al Seguro Social y al seguro Medicare por trabajo doméstico, 8. Free e file 2012 federal and state Contribución al Seguro Social y al seguro Medicare por trabajo doméstico Contribución FUTA , Contribución federal para el desempleo (contribución FUTA). Free e file 2012 federal and state Contribución sobre los ingresos de Puerto Rico, Contribuciones sobre los ingresos de Puerto Rico. Free e file 2012 federal and state Contribuciones al Seguro Social y al Medicare para 2014, Contribuciones al Seguro Social y al Medicare para 2014. Free e file 2012 federal and state Crédito contributivo por oportunidad de trabajo, Recordatorios D Defensor del Contribuyente, Servicio del Defensor del Contribuyente. Free e file 2012 federal and state Depósito de las contribuciones al Seguro Social y al seguro  Medicare, requisitos de Ajustes a las contribuciones del período retroactivo , Ajustes a las contribuciones del período retroactivo. Free e file 2012 federal and state Aplicación de los itinerarios mensuales y bisemanales, Aplicación de los itinerarios mensuales y bisemanales. Free e file 2012 federal and state Cuándo se tienen que hacer los depósitos, Cuándo se tienen que hacer los depósitos. Free e file 2012 federal and state Depósitos en días laborables solamente, Depósitos en días laborables solamente. Free e file 2012 federal and state Depósitos, cuándo se hacen, 11. Free e file 2012 federal and state Depósito de las contribuciones al Seguro Social y al seguro  Medicare Días feriados oficiales, Días feriados oficiales. Free e file 2012 federal and state Ejemplo de itinerario bisemanal, Ejemplo de itinerario bisemanal. Free e file 2012 federal and state Ejemplo de itinerario mensual, Ejemplo de itinerario mensual. Free e file 2012 federal and state Ejemplo de las reglas de depósito de itinerario mensual y bisemanal para patronos de empleados agrícolas, Ejemplo de las reglas de depósito de itinerario mensual y bisemanal para patronos de empleados agrícolas. Free e file 2012 federal and state Ejemplo de las reglas de depósito de itinerario mensual y bisemanal para patronos de empleados no agrícolas, Ejemplo de las reglas de depósito de itinerario mensual y bisemanal para patronos de empleados no agrícolas. Free e file 2012 federal and state Fecha compensatoria para una cantidad depositada de menos, Fecha compensatoria para una cantidad depositada de menos: Formularios 941-X (PR), 944-X (PR), 944-X (SP), 943-X (PR), Ajustes a las contribuciones del período retroactivo. Free e file 2012 federal and state Patronos de empleados agrícolas nuevos, Patronos de empleados agrícolas nuevos. Free e file 2012 federal and state Patronos nuevos, Patronos nuevos. Free e file 2012 federal and state Patronos que tienen empleados tanto agrícolas como no agrícolas, Patronos que tienen empleados tanto agrícolas como no agrícolas. Free e file 2012 federal and state Período de depósito, Período de depósito. Free e file 2012 federal and state Período de depósito de itinerario bisemanal que abarca 2 trimestres, Período de depósito de itinerario bisemanal que abarca 2 trimestres. Free e file 2012 federal and state Período retroactivo para patronos de empleados agrícolas, Período retroactivo para patronos de empleados agrícolas. Free e file 2012 federal and state Período retroactivo para patronos de empleados no agrícolas, Período retroactivo para patronos de empleados no agrícolas. Free e file 2012 federal and state Regla de depositar $100,000 el próximo día, Regla de depositar $100,000 el próximo día. Free e file 2012 federal and state Regla de depósito de itinerario mensual, Regla de depósito de itinerario mensual. Free e file 2012 federal and state Regla de la exactitud de los depósitos, Regla de la exactitud de los depósitos. Free e file 2012 federal and state Reglas para los depositantes de itinerario bisemanal, Reglas para los depositantes de itinerario bisemanal. Free e file 2012 federal and state Requisito de los $2,500, Requisito de los $2,500. Free e file 2012 federal and state Depósito electrónico Contribución federal, Recordatorios Depósitos de la contribución al Seguro Social y al seguro  Medicare, cómo se hacen, Cómo hacer los depósitos Cuando usted recibe su EIN , Cuando usted recibe su EIN. Free e file 2012 federal and state Depósitos hechos a tiempo, Depósitos hechos a tiempo. Free e file 2012 federal and state Opción de pago el mismo día, Opción de pago el mismo día. Free e file 2012 federal and state Reclamación de créditos por pagos en exceso, Reclamación de créditos por pagos en exceso. Free e file 2012 federal and state Registro de depósitos, Registro de depósitos. Free e file 2012 federal and state Requisito de depósito electrónico, Requisito de depósito electrónico. Free e file 2012 federal and state Dirección Cambio de dirección, Recordatorios Discrepancias entre los Formularios 941-PR or 944-PR y los Formularios 499R-2/W-2PR, Recordatorios E Elegibilidad para empleo, Elegibilidad para empleo. Free e file 2012 federal and state Empleado Definición, 2. Free e file 2012 federal and state ¿Quiénes son empleados? Estatutarios, Empleados estatutarios. Free e file 2012 federal and state Según el derecho común, Definición de empleado según el derecho común. Free e file 2012 federal and state Empleado doméstico Requisito de $1,900, Requisito de $1,900. Free e file 2012 federal and state Empleados Clasificación errónea de empleados, Clasificación errónea de empleados. Free e file 2012 federal and state Empleados arrendados, Empleados arrendados. Free e file 2012 federal and state Entidades no consideradas como separadas de sus dueños, Entidades no consideradas como separadas de sus dueños y compañías subsidarias calificadas conforme al subcapítulo S (QSubs). Free e file 2012 federal and state Exención, disposiciones de, Disposiciones de exención. Free e file 2012 federal and state Especialista en servicios técnicos, Especialista en servicios técnicos. Free e file 2012 federal and state F Formulario 499R-2/W-2PR, 13. Free e file 2012 federal and state Los Formularios 499R-2/W-2PR y W-3PR SS-5-SP, Recordatorios, Tarjeta de Seguro Social del empleado. Free e file 2012 federal and state SS-8PR, Ayuda provista por el IRS. Free e file 2012 federal and state W-3PR, 13. Free e file 2012 federal and state Los Formularios 499R-2/W-2PR y W-3PR Formulario 944-PR descontinuado, Recordatorios Fotografías de niños desaparecidos, Recordatorios FUTA Ley Federal de Contribución para el Desempleo (FUTA). Free e file 2012 federal and state , Ley Federal de Contribución para el Desempleo (FUTA). Free e file 2012 federal and state Reducción en el crédito contra la contribución FUTA , Estados o territorios con reducción en el crédito. Free e file 2012 federal and state G Gastos de viaje y de representación, Gastos de viaje y de representación. Free e file 2012 federal and state I Individuos que no son empleados estatutarios, Individuos que no son empleados estatutarios. Free e file 2012 federal and state Agentes de bienes inmuebles autorizados, Agentes de bienes inmuebles autorizados. Free e file 2012 federal and state Personas a quienes se les paga por acompañar y posiblemente cuidar a otras, Personas a quienes se les paga por acompañar y posiblemente cuidar a otras. Free e file 2012 federal and state Vendedores directos, Vendedores directos. Free e file 2012 federal and state Introducción, Introduction L Líder de cuadrilla agrícola, Líder de cuadrilla agrícola. Free e file 2012 federal and state Los Formularios 499R-2/W-2PR y W-3PR, 13. Free e file 2012 federal and state Los Formularios 499R-2/W-2PR y W-3PR Problemas con la radicación electrónica, Problemas con la radicación electrónica. Free e file 2012 federal and state Radicación de Formularios 499R-2/W-2PR ante el Departamento de Hacienda, Radicación de Formularios 499R-2/W-2PR ante el Departamento de Hacienda. Free e file 2012 federal and state Solicitud de exención de radicación de declaraciones informativas por medios electrónicos, Solicitud de exención de radicación de declaraciones informativas por medios electrónicos. Free e file 2012 federal and state M Mantenimiento de récords, Recordatorios Matrimonio Matrimonio entre personas del mismo sexo. Free e file 2012 federal and state , Qué hay de nuevo Medicare Retención de la Contribución Adicional al Medicare , Retención de la Contribución Adicional al Medicare. Free e file 2012 federal and state Medios electrónicos, pago y radicación por, Recordatorios Multas relacionadas con los depósitos de la contribución al Seguro Social y al seguro  Medicare , Multas relacionadas con los depósitos. Free e file 2012 federal and state Agentes de reportación, Agentes de reportación. Free e file 2012 federal and state Multa por recuperación del fondo fiduciario, Multa por recuperación del fondo fiduciario. Free e file 2012 federal and state Multa promediada por no depositar, Multa promediada por no depositar. Free e file 2012 federal and state Orden en que se aplican los depósitos, Orden en que se aplican los depósitos. Free e file 2012 federal and state Regla especial para los que radicaron el Formulario 944(SP) anteriormente, Regla especial para los que radicaron el Formulario 944(SP) anteriormente. Free e file 2012 federal and state N Negocio perteneciente y administrado por cónyuges, Negocio que pertenece y es administrado por los cónyuges Excepción: Negocio en participación calificado, Excepción: Negocio en participación calificado. Free e file 2012 federal and state Nómina Externalización de las obligaciones de la nómina, Recordatorios Outsourcing payroll duties , Recordatorios Número de identificación de contribuyente individual (ITIN), Número de identificación personal del contribuyente (ITIN) del IRS para extranjeros. Free e file 2012 federal and state Número de identificación patronal (EIN), 3. Free e file 2012 federal and state Número de identificación patronal (EIN) Número de identificación patronal en linea (EIN), solicitud de un, Recordatorios Número de Seguro Social Dónde se obtienen los formularios , Dónde se obtienen los formularios para solicitar un Número de Seguro Social. Free e file 2012 federal and state Número de Seguro Social (SSN) , 4. Free e file 2012 federal and state Número de Seguro Social (SSN), Tarjeta de Seguro Social del empleado. Free e file 2012 federal and state Escriba correctamente el nombre y número de Seguro Social del empleado, Escriba correctamente el nombre y número de Seguro Social del empleado. Free e file 2012 federal and state Tarjeta de Seguro Social del empleado, Tarjeta de Seguro Social del empleado. Free e file 2012 federal and state Verificación de los números de Seguro Social, Verificación de los números de Seguro Social. Free e file 2012 federal and state P Pago por medios electrónicos, Recordatorios Pagos con tarjeta de crédito o débito, Recordatorios Pagos que no se consideran salarios Empleado doméstico, Pagos que no se consideran salarios. Free e file 2012 federal and state Transportación (beneficios de transporte), Transportación (beneficios de transporte). Free e file 2012 federal and state Pagos rechazados, Recordatorios Pagos y depósitos de la contribución FUTA , 10. Free e file 2012 federal and state Pagos y depósitos de la contribución federal para el desempleo (la contribución FUTA) Depósitos, Depósitos. Free e file 2012 federal and state Empleados domésticos, Empleados domésticos. Free e file 2012 federal and state Formulario 940-PR, Formulario 940-PR. Free e file 2012 federal and state Tasa de la contribución, Tasa de la contribución FUTA. Free e file 2012 federal and state Trabajadores agrícolas, Trabajadores agrícolas. Free e file 2012 federal and state Parte responsable Cambio de parte responsable, Qué hay de nuevo Patrono, definición, 1. Free e file 2012 federal and state ¿Quién es patrono? Planillas para patronos Formulario 944(SP), Formulario 944(SP). Free e file 2012 federal and state Multas por no radicar y por no pagar, Multas o penalidades. Free e file 2012 federal and state Patrono sucesor, Patrono sucesor. Free e file 2012 federal and state Patrono sucesor, crédito especial, Crédito especial para un patrono sucesor. Free e file 2012 federal and state Patronos de empleados domésticos que declaran las contribuciones al Seguro Social y al Medicare , Patronos de empleados domésticos que declaran las contribuciones al Seguro Social y al Medicare. Free e file 2012 federal and state Patronos de trabajadores agrícolas, Patronos de trabajadores agrícolas. Free e file 2012 federal and state Patronos que no son patronos agrícolas, Patronos que no son patronos agrícolas. Free e file 2012 federal and state Planilla anual y pago de la contribución federal para el desempleo (contribución  FUTA), Planilla anual y pago de la contribución federal para el desempleo (contribución FUTA). Free e file 2012 federal and state Programa de acuerdo voluntario para la clasificación de trabajadores (VCSP), Programa para el acuerdo de clasificación voluntaria de trabajadores (VCSP, por sus siglas en inglés). Free e file 2012 federal and state Propinas, 6. Free e file 2012 federal and state Propinas Formulario 4070-PR, 6. Free e file 2012 federal and state Propinas Formulario 4070A-PR, 6. Free e file 2012 federal and state Propinas Informe de propinas, Informe de propinas. Free e file 2012 federal and state Recaudación de las contribuciones sobre las propinas, Recaudación de las contribuciones sobre las propinas. Free e file 2012 federal and state Regla de disposición, Regla de disposición. Free e file 2012 federal and state Q Qué hay de nuevo Contribuciones al Medicare para 2014, Qué hay de nuevo Contribuciones al Seguro Social para 2014, Qué hay de nuevo R Radicación por medios electrónicos, Recordatorios Radicar el Formulario 944(SP) en vez del Formulario 941-PR, Recordatorios Recordatorios, Recordatorios Récords, Recordatorios Reglas especiales para varias clases de servicios y de pagos, 15. Free e file 2012 federal and state Reglas especiales para varias clases de servicios y de pagos Retención de la contribución federal sobre ingresos, 14. Free e file 2012 federal and state Retención de la contribución federal sobre ingresos S Salarios sujetos a la contribución Compensaciones sujetos a la contribución, 5. Free e file 2012 federal and state Salarios y otra compensación Servicio del Defensor del Contribuyente, Servicio del Defensor del Contribuyente. Free e file 2012 federal and state Servicios de entrega privados, Recordatorios T Tarjetas de crédito o débito, pagos con, Recordatorios TAS , Servicio del Defensor del Contribuyente. Free e file 2012 federal and state Trabajo doméstico, Trabajo doméstico. Free e file 2012 federal and state V Veteranos calificados, contratación, Recordatorios Visa H-2A, Trabajadores agrícolas. Free e file 2012 federal and state Remuneración pagada a trabajadores agrícolas con visa H-2A, Recordatorios Prev  Up     Home   More Online Publications