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

TurboTax Federal Free Edition - File Taxes Online

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

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


© 2012 - 2018 All rights reserved.

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

Irs Tax Form 1120 For 2012

Filling 1040x W Form 8863Filing Taxes If UnemployedIrs Free Tax Return1040 State Tax Form2011 1040 Ez FormTurbotax For 2011 TaxesWww.state Tax FormsIrs Tax Forms 2011Irs Form 20112012 Form 1040ezHrblock Home2012 Tax Return FilingCan I File My 2012 Taxes Online NowEfile TaxesEz Form OnlineFind State Tax FormsHow To Amend Tax Return2012 Amended Tax Return FormHr Block Taxes OnlineUnemployment Tax FilingState Tax Online FilingTax Planning Us 1040ezFree Websites To File State TaxesInstructions For Filing 1040ez1040 SIrs Amended Tax FormFree File 2012 Taxes OnlineHow To Complete 1040xHow To File Tax ReturnIrs 1040ez 20122011 Ez 1040 Tax FormAmended Tax FormH&r Block At Home FreeNew TaxFile 2007 Tax Return Online FreeIrs Tax ReturnFree Online Tax Filing 2012Free Tax Preparation For MilitaryIrsefile ComFederal Income Tax Amendment

Irs Tax Form 1120 For 2012

Irs tax form 1120 for 2012 18. Irs tax form 1120 for 2012   Appendix This appendix contains models of the certificates, waivers, reports, and statements discussed in Part One. Irs tax form 1120 for 2012 Model Certificate A   STATEMENT OF SUBSEQUENT SELLER     1. Irs tax form 1120 for 2012                 Name, address, and employer identification number of seller in subsequent sale             2. Irs tax form 1120 for 2012                 Name, address, and employer identification number of the buyer in subsequent sale             3. Irs tax form 1120 for 2012         Date and location of subsequent sale             4. Irs tax form 1120 for 2012         Volume and type of taxable fuel sold               The undersigned seller (“Seller”) has received the copy of the first taxpayer's report provided with this statement in     connection with Seller's purchase of the taxable fuel described in this statement. Irs tax form 1120 for 2012       Under penalties of perjury, Seller declares that Seller has examined this statement, including any accompanying     schedules and statements, and, to the best of Seller's knowledge and belief, they are true, correct and complete. Irs tax form 1120 for 2012                   Signature and date signed                   Printed or typed name of person signing this report                   Title—   Model Certificate B   FIRST TAXPAYER'S REPORT   1. Irs tax form 1120 for 2012                     First Taxpayer's name, address and employer identification number     2. Irs tax form 1120 for 2012                     Name, address, and employer identification number of the buyer of the taxable fuel subject to tax     3. Irs tax form 1120 for 2012           Date and location of removal, entry, or sale       4. Irs tax form 1120 for 2012           Volume and type of taxable fuel removed, entered or sold     5. Irs tax form 1120 for 2012 Check type of taxable event:         Removal from refinery         Entry into United States         Bulk transfer from terminal by unregistered position holder       Bulk transfer not received at an approved terminal       Sale within the bulk transfer/terminal system       Removal at the terminal rack         Removal or sale by the blender                   6. Irs tax form 1120 for 2012           Amount of federal excise tax paid on account of the removal, entry, or sale                   The undersigned taxpayer (“Taxpayer”) has not received, and will not claim, a credit with respect to, or a refund of, the tax     on the taxable fuel to which this form relates. Irs tax form 1120 for 2012       Under penalties of perjury, Taxpayer declares that Taxpayer has examined this statement, including any accompanying     schedules and statements, and to the best of Taxpayer's knowledge and belief, they are true, correct and complete. Irs tax form 1120 for 2012             Signature and date signed               Printed or typed name of person signing this report               Title     Model Certificate C   NOTIFICATION CERTIFICATE OF TAXABLE FUEL REGISTRANT                           Name, address, and employer identification number of person receiving certificate       The undersigned taxable registrant (“Registrant”) hereby certifies under penalties of perjury that Registrant is registered     by the Internal Revenue Service with registration number and that Registrant's registration has not     been revoked or suspended by the Internal Revenue Service. Irs tax form 1120 for 2012                 Registrant understands that the fraudulent use of this certificate may subject Registrant and all parties making such     fraudulent use of this certificate to a fine or imprisonment, or both, together with the costs of prosecution. Irs tax form 1120 for 2012                       Signature and date signed                         Printed or typed name of person signing                         Title of person signing                         Name of Registrant                         Employer identification number                         Address of Registrant     Model Certificate D   CERTIFICATE OF PERSON BUYING GASOLINE BLENDSTOCKS FOR USE OTHER THAN IN THE PRODUCTION OF FINISHED GASOLINE     (To support tax-free sales (other than LUST) under section 4081 of the Internal Revenue Code. Irs tax form 1120 for 2012 )                 Name, address, and employer identification number of seller       The undersigned buyer (“Buyer”) hereby certifies the following under penalties of perjury:       The gasoline blendstocks to which this certificate relates will not be used to produce finished gasoline. Irs tax form 1120 for 2012       This certificate applies to the following (complete as applicable):       If this is a single purchase certificate, check here and enter:     1. Irs tax form 1120 for 2012 Invoice or delivery ticket number       2. Irs tax form 1120 for 2012 (number of gallons) of(type of gasoline blendstocks)       If this is a certificate covering all purchases under a specified account or order number, check here and enter:     1. Irs tax form 1120 for 2012 Effective date       2. Irs tax form 1120 for 2012 Expiration date       (period not to exceed 1 year after the effective date)       3. Irs tax form 1120 for 2012 Type (or types) of gasoline blendstocks     4. Irs tax form 1120 for 2012 Buyer's account or order number         Buyer will not claim a credit or refund under section 6427(h) of the Internal Revenue Code for any gasoline blendstocks     covered by this certificate. Irs tax form 1120 for 2012         Buyer will provide a new certificate to the seller if any information in this certificate changes. Irs tax form 1120 for 2012       If Buyer resells the gasoline blendstocks to which this certificate relates, Buyer will be liable for tax unless Buyer obtains a     certificate from the purchaser stating that the gasoline blendstocks will not be used to produce finished gasoline and otherwise complies with the conditions of §48. Irs tax form 1120 for 2012 4081-4(b)(3) of the Manufacturers and Retailers Excise Tax Regulations. Irs tax form 1120 for 2012       Buyer understands that if Buyer violates the terms of this certificate, the Internal Revenue Service may withdraw Buyer's     right to provide a certificate. Irs tax form 1120 for 2012       Buyer has not been notified by the Internal Revenue Service that its right to provide a certificate has been withdrawn. Irs tax form 1120 for 2012     In addition, the Internal Revenue Service has not notified Buyer that the right to provide a certificate has been withdrawn from a purchaser to which Buyer sells gasoline blendstocks tax free. Irs tax form 1120 for 2012       Buyer understands that the fraudulent use of this certificate may subject Buyer and all parties making such fraudulent use     of this certificate to a fine or imprisonment, or both, together with the costs of prosecution. Irs tax form 1120 for 2012             Signature and date signed               Printed or typed name of person signing               Title of person signing               Name of Buyer               Employer identification number               Address of Buyer     Model Certificate G   CERTIFICATE OF REGISTERED FEEDSTOCK USER     (To support tax-free removals and entries (other than LUST) of kerosene under section 4082 of the Internal Revenue Code. Irs tax form 1120 for 2012 )         (Buyer) certifies the following under penalties of perjury:       Name of buyer         Buyer is a registered feedstock user with registration number . Irs tax form 1120 for 2012 Buyer's registration has not been revoked     or suspended. Irs tax form 1120 for 2012         The kerosene to which this certificate applies will be used by Buyer for a feedstock purpose. Irs tax form 1120 for 2012                 This certificate applies to percent of Buyer's purchases from (name, address, and employer     identification number of seller) as follows (complete as applicable):       1. Irs tax form 1120 for 2012 A single purchase on invoice or delivery ticket number . Irs tax form 1120 for 2012                 2. Irs tax form 1120 for 2012 All purchases between (effective date) and (expiration date) (period not to exceed     one year after the effective date) under account or order number(s) . Irs tax form 1120 for 2012 If this certificate applies only to Buyer's     purchases for certain locations, check here and list the locations. Irs tax form 1120 for 2012                                   If Buyer sells the kerosene to which this certificate relates, Buyer will be liable for tax on that sale. Irs tax form 1120 for 2012                 Buyer will provide a new certificate to the seller if any information in this certificate changes. Irs tax form 1120 for 2012                 If Buyer violates the terms of this certificate, the Internal Revenue Service may revoke the Buyer's registration. Irs tax form 1120 for 2012                 Buyer understands that the fraudulent use of this certificate may subject Buyer and all parties making any fraudulent use of     this certificate to a fine or imprisonment, or both, together with the costs of prosecution. Irs tax form 1120 for 2012             Printed or typed name of person signing               Title of person signing               Employer identification number               Address of Buyer               Signature and date signed     Model Certificate J   CERTIFICATE OF PERSON BUYING COMPRESSED NATURAL GAS (CNG) FOR A NONTAXABLE USE     (To support tax-free sales of CNG under section 4041 of the Internal Revenue Code. Irs tax form 1120 for 2012 )                                         Name, address, and employer identification number of seller                   (“Buyer”) certifies the following under penalties of perjury:     Name of buyer                     The CNG to which this certificate relates will be used in a nontaxable use. Irs tax form 1120 for 2012       This certificate applies to the following (complete as applicable):               If this is a single purchase certificate, check here and enter:       1. Irs tax form 1120 for 2012 Invoice or delivery ticket number       2. Irs tax form 1120 for 2012 (Gasoline gallon equivalents)       If this is a certificate covering all purchases under a specified account or order number, check here and enter:         1. Irs tax form 1120 for 2012 Effective date         2. Irs tax form 1120 for 2012 Expiration date         (period not to exceed 1 year after the effective date)         3. Irs tax form 1120 for 2012 Buyer's account or order number       Buyer will not claim a credit or refund under section 6427 of the Internal Revenue Code for any CNG to which this certificate relates. Irs tax form 1120 for 2012       Buyer will provide a new certificate to the seller if any information in this certificate changes. Irs tax form 1120 for 2012       Buyer understands that if Buyer violates the terms of this certificate, the Internal Revenue Service may withdraw Buyer's     right to provide a certificate. Irs tax form 1120 for 2012       Buyer has not been notified by the Internal Revenue Service that its right to provide a certificate has been withdrawn. Irs tax form 1120 for 2012     In addition, the Internal Revenue Service has not notified Buyer that the right to provide a certificate has been withdrawn     from a purchaser to which Buyer sells CNG tax free. Irs tax form 1120 for 2012       Buyer understands that the fraudulent use of this certificate may subject Buyer and all parties making any fraudulent use     of this certificate to a fine or imprisonment, or both, together with the costs of prosecution. Irs tax form 1120 for 2012             Printed or typed name of person signing               Title of person signing             Employer identification number               Address of Buyer               Signature and date signed     Model Certificate K   CERTIFICATE OF PERSON BUYING KEROSENE FOR USE IN AVIATION FOR     COMMERCIAL AVIATION OR NONTAXABLE USE     (To support operator liability for tax on removals of kerosene for use in aviation directly into the fuel tank of an aircraft in commercial aviation pursuant to § 4081 of the Internal Revenue Code or to support a tax rate of zero under § 4041(c) pursuant to §§4041(c) and 4082. Irs tax form 1120 for 2012 )           Name, address, and employer identification number of position holder       The undersigned aircraft operator (“Buyer”) hereby certifies the following under the penalties of perjury:       The kerosene for use in aviation to which this certificate relates is purchased (check one): for     use on a farm for farming purposes; for use in foreign trade (reciprocal benefits required for foreign registered airlines); for use in certain helicopter and fixed-wing air ambulance uses; for use other than as a fuel in the propulsion engine of an aircraft; for the exclusive use of a qualified blood collector organization; for the exclusive use of a nonprofit educational organization; for the exclusive use of a state; for use in an aircraft owned by an aircraft museum; for use in military aircraft; or for use in commercial aviation (other than foreign trade). Irs tax form 1120 for 2012       With respect to kerosene for use in aviation purchased after June 30, 2005, for use in commercial aviation     (other than foreign trade), Buyer's registration number is. Irs tax form 1120 for 2012 Buyer's registration has not been suspended or revoked by the Internal Revenue Service. Irs tax form 1120 for 2012       This certificate applies to the following (complete as applicable):     This is a single purchase certificate:       1. Irs tax form 1120 for 2012 Invoice or delivery ticket number       2. Irs tax form 1120 for 2012 Number of gallons     This is a certificate covering all purchases under a specified account or order number:       1. Irs tax form 1120 for 2012 Effective date       2. Irs tax form 1120 for 2012 Expiration date (period not to exceed 1 year after the effective date)       3. Irs tax form 1120 for 2012 Buyer's account number       Buyer agrees to provide the person liable for tax with a new certificate if any information in this certificate changes. Irs tax form 1120 for 2012       If the kerosene for use in aviation to which this certificate relates is being bought for use in commercial aviation     (other than foreign trade), Buyer is liable for tax on its use of the fuel and will pay that tax to the government. Irs tax form 1120 for 2012       If Buyer sells or uses the kerosene for use in aviation to which this certificate relates for a use other than the use     stated above, Buyer will be liable for tax. Irs tax form 1120 for 2012       Buyer understands that it must be prepared to establish by satisfactory evidence the purpose for which the     fuel purchased under this certificate was used. Irs tax form 1120 for 2012     Buyer has not been notified by the Internal Revenue Service that its right to provide a certificate has been withdrawn. Irs tax form 1120 for 2012     If Buyer violates the terms of this certificate, the Internal Revenue Service may withdraw Buyer's right to provide a certificate. Irs tax form 1120 for 2012       The fraudulent use of this certificate may subject Buyer and all parties making any fraudulent use of this certificate     to a fine or imprisonment, or both, together with the costs of prosecution. Irs tax form 1120 for 2012           Printed or typed name of person signing           Title of person signing           Name of Buyer           Employer identification number           Address of Buyer           Signature and date signed   Model Waiver L WAIVER FOR USE BY ULTIMATE PURCHASERS OF KEROSENE FOR CERTAIN USES IN AVIATION (To support vendor's claim for a credit or payment under § 6427(l)(4)(C)(i) of the Internal Revenue Code. Irs tax form 1120 for 2012 )               Name, Address, and Employer Identification Number of Ultimate Vendor     The undersigned ultimate purchaser (“Buyer”) hereby certifies the following under penalties of perjury:     A. Irs tax form 1120 for 2012 The kerosene to which this waiver relates is purchased for — (check one):       1. Irs tax form 1120 for 2012 □ Use on a farm for farming purposes,       2. Irs tax form 1120 for 2012 □ Use in foreign trade (reciprocal benefits required for foreign registered airlines),       3. Irs tax form 1120 for 2012 □ Use in certain helicopter and fixed-wing air ambulance uses,       4. Irs tax form 1120 for 2012 □ The exclusive use of a qualified blood collector organization,       5. Irs tax form 1120 for 2012 □ The exclusive use of a nonprofit educational organization,       6. Irs tax form 1120 for 2012 □ Use in an aircraft owned by an aircraft museum,       7. Irs tax form 1120 for 2012 □ Use in military aircraft, or       8. Irs tax form 1120 for 2012 □ Use in commercial aviation (other than foreign trade). Irs tax form 1120 for 2012     B. Irs tax form 1120 for 2012 This waiver applies to the following (complete as applicable):       This is a single purchase waiver:           1. Irs tax form 1120 for 2012 Invoice or delivery ticket number           2. Irs tax form 1120 for 2012 Number of gallons       This is a waiver covering all purchases under a specified account or order number:           1. Irs tax form 1120 for 2012 Effective date           2. Irs tax form 1120 for 2012 Expiration date (period not to exceed 1 year after the effective date)           3. Irs tax form 1120 for 2012 Buyer's account number       Buyer will provide a new waiver to the vendor if any information in this waiver changes. Irs tax form 1120 for 2012       If Buyer uses the kerosene for use in aviation to which this waiver relates for a use other than the use stated above, Buyer will be liable for tax. Irs tax form 1120 for 2012       Buyer understands that by signing this waiver, Buyer gives up its right to claim any credit or payment for the kerosene for use in aviation used in a nontaxable use. Irs tax form 1120 for 2012       Buyer acknowledges that it has not and will not claim any credit or payment for the kerosene for use in aviation to which this waiver relates. Irs tax form 1120 for 2012       Buyer understands that the fraudulent use of this waiver may subject Buyer and all parties making such fraudulent use of this waiver to a fine or imprisonment, or both, together with the costs of prosecution. Irs tax form 1120 for 2012           Printed or typed name of person signing           Title of person signing           Name of Buyer           Employer identification number           Address of Buyer           Signature and date signed   Model Certificate M   CERTIFICATE FOR STATE USE OR NONPROFIT EDUCATIONAL     ORGANIZATION USE     (To support vendor's claim for a credit or payment under § 6416(a)(4) of the Internal Revenue Code. Irs tax form 1120 for 2012 )                       Name, address, and employer identification number of ultimate vendor       The undersigned ultimate purchaser (“Buyer”) hereby certifies the following under the penalties of perjury:       Buyer will use the gasoline or aviation gasoline to which this certificate relates (check one):     For the exclusive use of a state or local government; or     For the exclusive use of a nonprofit educational organization. Irs tax form 1120 for 2012       This certificate applies to the following (complete as applicable):     This is a single purchase certificate:       1. Irs tax form 1120 for 2012 Invoice or delivery ticket number       2. Irs tax form 1120 for 2012 Number of gallons     This is a certificate covering all purchases under a specified account or order number:       1. Irs tax form 1120 for 2012 Effective date       2. Irs tax form 1120 for 2012 Expiration date (period not to exceed 1 year after the effective date)       3. Irs tax form 1120 for 2012 Buyer's account number       Buyer will provide a new certificate to the vendor if any information in this certificate changes. Irs tax form 1120 for 2012       Buyer understands that by signing this certificate, Buyer gives up its right to claim any credit or payment for the gasoline or aviation gasoline to which this certificate relates. Irs tax form 1120 for 2012       Buyer acknowledges that it has not and will not claim any credit or payment for the gasoline or aviation gasoline to which this certificate relates. Irs tax form 1120 for 2012       Buyer understands that the fraudulent use of this certificate may subject Buyer and all parties making such fraudulent use of this certificate to a fine or imprisonment, or both, together with the costs of prosecution. Irs tax form 1120 for 2012           Printed or typed name of person signing           Title of person signing           Name of Buyer           Employer identification number           Address of Buyer           Signature and date signed   Model Waiver N   WAIVER FOR USE BY ULTIMATE PURCHASERS OF DIESEL FUEL OR     KEROSENE USED IN INTERCITY BUS TRANSPORTATION     (To support vendor's claim for a credit or payment under § 6427 of the Internal Revenue Code. Irs tax form 1120 for 2012 )                       Name, address, and employer identification number of ultimate vendor       The undersigned ultimate purchaser (“Buyer”) hereby certifies the following under the penalties of perjury:       The diesel fuel or kerosene to which this waiver relates is purchased for use in intercity bus transportation. Irs tax form 1120 for 2012       This waiver applies to the following (complete as applicable):     This is a single purchase waiver:       1. Irs tax form 1120 for 2012 Invoice or delivery ticket number       2. Irs tax form 1120 for 2012 Number of gallons     This is a waiver covering all purchases under a specified account or order number:       1. Irs tax form 1120 for 2012 Effective date       2. Irs tax form 1120 for 2012 Expiration date (period not to exceed 1 year after the effective date)       3. Irs tax form 1120 for 2012 Buyer's account number       Buyer will provide a new waiver to the vendor if any information in this waiver changes. Irs tax form 1120 for 2012       If Buyer uses the diesel fuel or kerosene to which this waiver relates for a use other than in intercity bus transportation, Buyer will be liable for tax. Irs tax form 1120 for 2012       Buyer understands that by signing this waiver, Buyer gives up its right to claim any credit or payment for the diesel fuel or kerosene used in intercity bus transportation. Irs tax form 1120 for 2012       Buyer acknowledges that it has not and will not claim any credit or payment for the diesel fuel or kerosene to which this waiver relates. Irs tax form 1120 for 2012       Buyer understands that the fraudulent use of this waiver may subject Buyer and all parties making such fraudulent use of this waiver to a fine or imprisonment, or both, together with the costs of prosecution. Irs tax form 1120 for 2012           Printed or typed name of person signing           Title of person signing           Name of Buyer           Employer identification number           Address of Buyer           Signature and date signed   Model Certificate O   CERTIFICATE FOR BIODIESEL     Certificate Identification Number:     (To support a claim related to biodiesel or a biodiesel mixture under section 6426 of the Internal Revenue Code. Irs tax form 1120 for 2012 )     The undersigned biodiesel producer (“Producer”) hereby certifies the following under penalties of perjury:   1. Irs tax form 1120 for 2012             Producer's name, address, and employer identification number (EIN)   2. Irs tax form 1120 for 2012             Name, address, and EIN of person buying the biodiesel from Producer   3. Irs tax form 1120 for 2012       Date and location of sale to buyer   4. Irs tax form 1120 for 2012 This certificate applies to gallons of biodiesel. Irs tax form 1120 for 2012   5. Irs tax form 1120 for 2012 Producer certifies that the biodiesel to which this certificate relates is:       % Agri-biodiesel (derived solely from virgin oils)       % Biodiesel other than agri-biodiesel       This certificate applies to the following sale:       Invoice or delivery ticket number       Total number of gallons of biodiesel sold under that invoice or delivery ticket number (including biodiesel not covered by this certificate)       Total number of certificates issued for that invoice or delivery ticket number   6. Irs tax form 1120 for 2012             Name, address, and employer identification number of reseller to whom certificate is issued (only in the case of certificates reissued to a reseller after the return of the original certificate)   7. Irs tax form 1120 for 2012 Original Certificate Identification Number (only in the case of certificates reissued to a reseller after return of the original certificate). Irs tax form 1120 for 2012       Producer is registered as a biodiesel producer with registration number . Irs tax form 1120 for 2012  Producer's registration has not been suspended or revoked by the Internal Revenue Service. Irs tax form 1120 for 2012       Producer certifies that the biodiesel to which this certificate relates in monoalkyl esters of long chain fatty acids derived from plant or animal matter that meets the requirements of the American Society of Testing and Materials D6751 and the registration requirements for fuels and fuel additives established by EPA under section 211 of the Clean Air Act (42 U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 C. Irs tax form 1120 for 2012 7545). Irs tax form 1120 for 2012       Producer understands that the fraudulent use of this certificate may subject Producer and all parties making any fraudulent use of this certificate to a fine or imprisonment, or both, together with the costs of prosecution. Irs tax form 1120 for 2012           Printed or typed name of person signing this certificate           Title of person signing           Signature and date signed   Model Certificate P CERTIFICATE OF STATE USE (To support vendor's claim for credit or payment under section 6427 of the Internal Revenue Code. Irs tax form 1120 for 2012 )               Name, Address, and Employer Identification Number of Vendor     The undersigned buyer (“Buyer”) hereby certifies the following under penalties of perjury:     A. Irs tax form 1120 for 2012 Buyer will use the diesel fuel or kerosene to which this certificate relates for the exclusive use of a state or local government, or the District of Columbia. Irs tax form 1120 for 2012     B. Irs tax form 1120 for 2012 This certificate applies to the following (complete as applicable):       1. Irs tax form 1120 for 2012   If this is a single purchase certificate, check here □ and enter:           a. Irs tax form 1120 for 2012 Invoice or delivery ticket number           b. Irs tax form 1120 for 2012 Number of gallons       2. Irs tax form 1120 for 2012   If this is a certificate covering all purchases under a specified account or order number, check here □  and enter:           a. Irs tax form 1120 for 2012 Effective date           b. Irs tax form 1120 for 2012 Expiration date   (period not to exceed 1 year after effective date)           c. Irs tax form 1120 for 2012 Buyer's account or order number     ▪ Buyer will provide a new certificate to the vendor if any information in this certificate changes. Irs tax form 1120 for 2012     ▪ If Buyer uses the diesel fuel or kerosene to which this certificate relates for a purpose other than stated in the certificate, Buyer will be liable for any tax. Irs tax form 1120 for 2012     ▪ Buyer acknowledges that it has not and will not claim any credit or payment for the diesel fuel or kerosene to which this certificate relates. Irs tax form 1120 for 2012     ▪ Buyer understands that the fraudulent use of this certificate may subject Buyer and all parties making such fraudulent use of this certificate to a fine or imprisonment, or both, together with the costs of prosecution. Irs tax form 1120 for 2012           Printed or typed name of person signing           Title of person signing           Name of Buyer           Employer identification number           Address of Buyer           Signature and date signed   Model Certificate Q CERTIFICATE OF ULTIMATE PURCHASER OF KEROSENE FOR USE IN NONEXEMPT, NONCOMMERCIAL AVIATION (To support vendor's claim for credit or payment under section 6427(l)(4)(C)(ii) of the Internal Revenue Code. Irs tax form 1120 for 2012 )               Name, Address, and Employer Identification Number of Ultimate Vendor     The undersigned ultimate purchaser (“Buyer”) hereby certifies the following under penalties of perjury:     A. Irs tax form 1120 for 2012 The kerosene to which this certificate relates is purchased for a nonexempt use in noncommercial aviation. Irs tax form 1120 for 2012     B. Irs tax form 1120 for 2012 This certificate applies to the following (complete as applicable):       1. Irs tax form 1120 for 2012   If this is a single purchase certificate, check here □ and enter:           a. Irs tax form 1120 for 2012 Invoice or delivery ticket number           b. Irs tax form 1120 for 2012 Number of gallons       2. Irs tax form 1120 for 2012   This is a certificate covering all purchases under a specified account or order number:           a. Irs tax form 1120 for 2012 Effective date           b. Irs tax form 1120 for 2012 Expiration date   (period not to exceed 1 year after effective date)           c. Irs tax form 1120 for 2012 Buyer's account number     ▪ Buyer will provide a new certificate to the vendor if any information in this certificate changes. Irs tax form 1120 for 2012     ▪ If Buyer uses the kerosene to which this certificate relates for a use other than the nontaxable use stated above, Buyer will be liable for tax. Irs tax form 1120 for 2012     ▪ Buyer understands that the fraudulent use of this certificate may subject Buyer and all parties making such fraudulent use of this certificate to a fine or imprisonment, or both, together with the costs of prosecution. Irs tax form 1120 for 2012           Printed or typed name of person signing           Title of person signing           Name of Buyer           Employer identification number           Address of Buyer           Signature and date signed   Model Certificate R CERTIFICATE OF BUYER OF TAXABLE FUEL FOR USE BY A STATE OR NONPROFIT EDUCATIONAL ORGANIZATION (To support credit card issuer's claim for credit, refund, or payment under section 6416(a)(4)(B) or section 6427(l)(5)(D) of the Internal Revenue Code. Irs tax form 1120 for 2012 )               Name, Address, and Employer Identification Number of Credit Card Issuer. Irs tax form 1120 for 2012     The undersigned ultimate purchaser (“Buyer”) hereby certifies the following under penalties of perjury:     A. Irs tax form 1120 for 2012 Buyer will use the taxable fuel to which this certificate relates for the exclusive use of a state; or     B. Irs tax form 1120 for 2012 Buyer will use the gasoline to which this certificate relates for the exclusive use of a nonprofit educational organization. Irs tax form 1120 for 2012     C. Irs tax form 1120 for 2012 This certificate applies to all purchases made with the credit card identified below during the period specified:           a. Irs tax form 1120 for 2012 Effective date of certificate           b. Irs tax form 1120 for 2012 Expiration date of certificate   (period not to exceed 2 years after effective date)           c. Irs tax form 1120 for 2012 Buyer's account number     ▪ Buyer will provide a new certificate to the credit card issuer if any information in this certificate changes. Irs tax form 1120 for 2012     ▪ Buyer understands that by signing this certificate, Buyer gives up its right to claim a credit or payment for the taxable fuel purchased with the credit card to which this certificate relates. Irs tax form 1120 for 2012     ▪ Buyer acknowledges that it has not and will not claim any credit or payment for the taxable fuel purchased with the credit card to which this certificate relates. Irs tax form 1120 for 2012     ▪ Buyer understands that the fraudulent use of this certificate may subject Buyer and all parties making such fraudulent use of this certificate to a fine or imprisonment, or both, together with the costs of prosecution. Irs tax form 1120 for 2012           Printed or typed name of person signing           Title of person signing           Name of Buyer           Employer identification number           Address of Buyer           Signature and date signed   Model Statement S   STATEMENT OF BIODIESEL RESELLER     (To support a claim related to biodiesel or a biodiesel mixture under section 6426 of the Internal Revenue Code. Irs tax form 1120 for 2012 )     The undersigned biodiesel producer (“Reseller”) hereby certifies the following under penalties of perjury:   1. Irs tax form 1120 for 2012                   Reseller's name, address, and employer identification number (EIN)   2. Irs tax form 1120 for 2012                   Name, address, and EIN of Reseller's buyer   3. Irs tax form 1120 for 2012       Date and location of sale to buyer   4. Irs tax form 1120 for 2012 Volume of biodiesel sold   5. Irs tax form 1120 for 2012 Certificate Identification Number on the Certificate for Biodiesel       Reseller has bought the biodiesel described in the accompanying Certificate for Biodiesel and Reseller has no reason to believe that any information in the certificate is false. Irs tax form 1120 for 2012       Reseller has not been notified by the Internal Revenue Service that its right to provide a certificate or statement has been withdrawn. Irs tax form 1120 for 2012       Reseller understands that the fraudulent use of this statement may subject Reseller and all parties making any fraudulent use of this statement to a fine or imprisonment, or both, together with the costs of prosecution. Irs tax form 1120 for 2012           Printed or typed name of person signing this certificate           Title of person signing           Signature and date signed   Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

Contact TEB

Subscription to Tax Exempt Bond Community News
Subscribe to the Tax Exempt Bond Community Update, a free e-mail service for tax professionals and representatives of tax-exempt issuers from the IRS. Subscribers receive e-mail updates and alerts from the IRS about developments in the tax law and regulations applicable to tax-exempt bonds, updates to our website, and other information.

Tax Exempt Bonds Website Needs Your Input!
In our continuing efforts to provide our stakeholders with current information and relevant content, we invite you to submit your comments and suggestions on how we can improve our site.

Tax Exempt Bonds Questions
Email link to submit questions about TEB programs or tax requirements applicable to tax-exempt bonds or tax credit bonds (including direct pay bonds). For any other IRS questions click the link below.

Page Last Reviewed or Updated: 26-Mar-2014

The Irs Tax Form 1120 For 2012

Irs tax form 1120 for 2012 Publication 15 - Main Content Table of Contents 1. Irs tax form 1120 for 2012 Employer Identification Number (EIN) 2. Irs tax form 1120 for 2012 Who Are Employees?Relief provisions. Irs tax form 1120 for 2012 Business Owned and Operated by Spouses 3. Irs tax form 1120 for 2012 Family Employees 4. Irs tax form 1120 for 2012 Employee's Social Security Number (SSN)Registering for SSNVS. Irs tax form 1120 for 2012 5. Irs tax form 1120 for 2012 Wages and Other CompensationAccountable plan. Irs tax form 1120 for 2012 Nonaccountable plan. Irs tax form 1120 for 2012 Per diem or other fixed allowance. Irs tax form 1120 for 2012 50% test. Irs tax form 1120 for 2012 Health Savings Accounts and medical savings accounts. Irs tax form 1120 for 2012 Nontaxable fringe benefits. Irs tax form 1120 for 2012 When fringe benefits are treated as paid. Irs tax form 1120 for 2012 Valuation of fringe benefits. Irs tax form 1120 for 2012 Withholding on fringe benefits. Irs tax form 1120 for 2012 Depositing taxes on fringe benefits. Irs tax form 1120 for 2012 6. Irs tax form 1120 for 2012 TipsOrdering rule. Irs tax form 1120 for 2012 7. Irs tax form 1120 for 2012 Supplemental Wages 8. Irs tax form 1120 for 2012 Payroll Period 9. Irs tax form 1120 for 2012 Withholding From Employees' WagesIncome Tax Withholding Social Security and Medicare Taxes Part-Time Workers 10. Irs tax form 1120 for 2012 Required Notice to Employees About the Earned Income Credit (EIC) 11. Irs tax form 1120 for 2012 Depositing TaxesWhen To Deposit How To Deposit Deposit Penalties 12. Irs tax form 1120 for 2012 Filing Form 941 or Form 944 13. Irs tax form 1120 for 2012 Reporting Adjustments to Form 941 or Form 944Current Period Adjustments Prior Period Adjustments Wage Repayments 14. Irs tax form 1120 for 2012 Federal Unemployment (FUTA) TaxSuccessor employer. Irs tax form 1120 for 2012 Household employees. Irs tax form 1120 for 2012 When to deposit. Irs tax form 1120 for 2012 Household employees. Irs tax form 1120 for 2012 Electronic filing by reporting agents. Irs tax form 1120 for 2012 16. Irs tax form 1120 for 2012 How To Use the Income Tax Withholding TablesWage Bracket Method Percentage Method Alternative Methods of Income Tax Withholding How To Get Tax Help 1. Irs tax form 1120 for 2012 Employer Identification Number (EIN) If you are required to report employment taxes or give tax statements to employees or annuitants, you need an EIN. Irs tax form 1120 for 2012 The EIN is a nine-digit number the IRS issues. Irs tax form 1120 for 2012 The digits are arranged as follows: 00-0000000. Irs tax form 1120 for 2012 It is used to identify the tax accounts of employers and certain others who have no employees. Irs tax form 1120 for 2012 Use your EIN on all of the items you send to the IRS and SSA. Irs tax form 1120 for 2012 For more information, see Publication 1635, Employer Identification Number: Understanding Your EIN. Irs tax form 1120 for 2012 If you do not have an EIN, you may apply for one online. Irs tax form 1120 for 2012 Go to the IRS. Irs tax form 1120 for 2012 gov and click on the Apply for an EIN Online link under Tools. Irs tax form 1120 for 2012 You may also apply for an EIN by calling 1-800-829-4933, or you can fax or mail Form SS-4, Application for Employer Identification Number, to the IRS. Irs tax form 1120 for 2012 Do not use an SSN in place of an EIN. Irs tax form 1120 for 2012 You should have only one EIN. Irs tax form 1120 for 2012 If you have more than one and are not sure which one to use, call 1-800-829-4933 or 1-800-829-4059 (TDD/TTY for persons who are deaf, hard of hearing, or have a speech disability). Irs tax form 1120 for 2012 Give the numbers you have, the name and address to which each was assigned, and the address of your main place of business. Irs tax form 1120 for 2012 The IRS will tell you which number to use. Irs tax form 1120 for 2012 If you took over another employer's business (see Successor employer in section 9), do not use that employer's EIN. Irs tax form 1120 for 2012 If you have applied for an EIN but do not have your EIN by the time a return is due, file a paper return and write “Applied For” and the date you applied for it in the space shown for the number. Irs tax form 1120 for 2012 2. Irs tax form 1120 for 2012 Who Are Employees? Generally, employees are defined either under common law or under statutes for certain situations. Irs tax form 1120 for 2012 See Publication 15-A for details on statutory employees and nonemployees. Irs tax form 1120 for 2012 Employee status under common law. Irs tax form 1120 for 2012   Generally, a worker who performs services for you is your employee if you have the right to control what will be done and how it will be done. Irs tax form 1120 for 2012 This is so even when you give the employee freedom of action. Irs tax form 1120 for 2012 What matters is that you have the right to control the details of how the services are performed. Irs tax form 1120 for 2012 See Publication 15-A for more information on how to determine whether an individual providing services is an independent contractor or an employee. Irs tax form 1120 for 2012   Generally, people in business for themselves are not employees. Irs tax form 1120 for 2012 For example, doctors, lawyers, veterinarians, and others in an independent trade in which they offer their services to the public are usually not employees. Irs tax form 1120 for 2012 However, if the business is incorporated, corporate officers who work in the business are employees of the corporation. Irs tax form 1120 for 2012   If an employer-employee relationship exists, it does not matter what it is called. Irs tax form 1120 for 2012 The employee may be called an agent or independent contractor. Irs tax form 1120 for 2012 It also does not matter how payments are measured or paid, what they are called, or if the employee works full or part time. Irs tax form 1120 for 2012 Statutory employees. Irs tax form 1120 for 2012   If someone who works for you is not an employee under the common law rules discussed earlier, do not withhold federal income tax from his or her pay, unless backup withholding applies. Irs tax form 1120 for 2012 Although the following persons may not be common law employees, they are considered employees by statute for social security, Medicare, and FUTA tax purposes under certain conditions. Irs tax form 1120 for 2012 An agent (or commission) driver who delivers food, beverages (other than milk), laundry, or dry cleaning for someone else. Irs tax form 1120 for 2012 A full-time life insurance salesperson who sells primarily for one company. Irs tax form 1120 for 2012 A homeworker who works by guidelines of the person for whom the work is done, with materials furnished by and returned to that person or to someone that person designates. Irs tax form 1120 for 2012 A traveling or city salesperson (other than an agent-driver or commission-driver) who works full time (except for sideline sales activities) for one firm or person getting orders from customers. Irs tax form 1120 for 2012 The orders must be for merchandise for resale or supplies for use in the customer's business. Irs tax form 1120 for 2012 The customers must be retailers, wholesalers, contractors, or operators of hotels, restaurants, or other businesses dealing with food or lodging. Irs tax form 1120 for 2012    Statutory nonemployees. Irs tax form 1120 for 2012   Direct sellers, qualified real estate agents, and certain companion sitters are, by law, considered nonemployees. Irs tax form 1120 for 2012 They are generally treated as self-employed for all federal tax purposes, including income and employment taxes. Irs tax form 1120 for 2012 H-2A agricultural workers. Irs tax form 1120 for 2012   On Form W-2, do not check box 13 (Statutory employee), as H-2A workers are not statutory employees. Irs tax form 1120 for 2012 Treating employees as nonemployees. Irs tax form 1120 for 2012   You will generally be liable for social security and Medicare taxes and withheld income tax if you do not deduct and withhold these taxes because you treated an employee as a nonemployee. Irs tax form 1120 for 2012 You may be able to calculate your liability using special section 3509 rates for the employee share of social security and Medicare taxes and the federal income tax withholding. Irs tax form 1120 for 2012 The applicable rates depend on whether you filed required Forms 1099. Irs tax form 1120 for 2012 You cannot recover the employee share of social security, or Medicare tax, or income tax withholding from the employee if the tax is paid under section 3509. Irs tax form 1120 for 2012 You are liable for the income tax withholding regardless of whether the employee paid income tax on the wages. Irs tax form 1120 for 2012 You continue to owe the full employer share of social security and Medicare taxes. Irs tax form 1120 for 2012 The employee remains liable for the employee share of social security and Medicare taxes. Irs tax form 1120 for 2012 See Internal Revenue Code section 3509 for details. Irs tax form 1120 for 2012 Also see the Instructions for Form 941-X. Irs tax form 1120 for 2012   Section 3509 rates are not available if you intentionally disregard the requirement to withhold taxes from the employee or if you withheld income taxes but not social security or Medicare taxes. Irs tax form 1120 for 2012 Section 3509 is not available for reclassifying statutory employees. Irs tax form 1120 for 2012 See Statutory employees , earlier in this section. Irs tax form 1120 for 2012   If the employer issued required information returns, the section 3509 rates are: For social security taxes; employer rate of 6. Irs tax form 1120 for 2012 2% plus 20% of the employee rate (see the Instructions for Form 941-X). Irs tax form 1120 for 2012 For Medicare taxes; employer rate of 1. Irs tax form 1120 for 2012 45% plus 20% of the employee rate of 1. Irs tax form 1120 for 2012 45%, for a total rate of 1. Irs tax form 1120 for 2012 74% of wages. Irs tax form 1120 for 2012 For Additional Medicare Tax; 0. Irs tax form 1120 for 2012 18% (20% of the employee rate of 0. Irs tax form 1120 for 2012 9%) of wages subject to Additional Medicare Tax. Irs tax form 1120 for 2012 For income tax withholding, the rate is 1. Irs tax form 1120 for 2012 5% of wages. Irs tax form 1120 for 2012   If the employer did not issue required information returns, the section 3509 rates are: For social security taxes; employer rate of 6. Irs tax form 1120 for 2012 2% plus 40% of the employee rate (see the Instructions for Form 941-X). Irs tax form 1120 for 2012 For Medicare taxes; employer rate of 1. Irs tax form 1120 for 2012 45% plus 40% of the employee rate of 1. Irs tax form 1120 for 2012 45%, for a total rate of 2. Irs tax form 1120 for 2012 03% of wages. Irs tax form 1120 for 2012 For Additional Medicare Tax; 0. Irs tax form 1120 for 2012 36% (40% of the employee rate of 0. Irs tax form 1120 for 2012 9%) of wages subject to Additional Medicare Tax. Irs tax form 1120 for 2012 For income tax withholding, the rate is 3. Irs tax form 1120 for 2012 0% of wages. Irs tax form 1120 for 2012 Relief provisions. Irs tax form 1120 for 2012   If you have a reasonable basis for not treating a worker as an employee, you may be relieved from having to pay employment taxes for that worker. Irs tax form 1120 for 2012 To get this relief, you must file all required federal tax returns, including information returns, on a basis consistent with your treatment of the worker. Irs tax form 1120 for 2012 You (or your predecessor) must not have treated any worker holding a substantially similar position as an employee for any periods beginning after 1977. Irs tax form 1120 for 2012 See Publication 1976, Do You Qualify for Relief Under Section 530. Irs tax form 1120 for 2012 IRS help. Irs tax form 1120 for 2012   If you want the IRS to determine whether a worker is an employee, file Form SS-8, Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding. Irs tax form 1120 for 2012 Voluntary Classification Settlement Program (VCSP). Irs tax form 1120 for 2012   Employers who are currently treating their workers (or a class or group of workers) as independent contractors or other nonemployees and want to voluntarily reclassify their workers as employees for future tax periods may be eligible to participate in the VCSP if certain requirements are met. Irs tax form 1120 for 2012 To apply, use Form 8952, Application for Voluntary Classification Settlement Program (VCSP). Irs tax form 1120 for 2012 For more information visit IRS. Irs tax form 1120 for 2012 gov and enter “VCSP” in the search box. Irs tax form 1120 for 2012 Business Owned and Operated by Spouses If you and your spouse jointly own and operate a business and share in the profits and losses, you are partners in a partnership, whether or not you have a formal partnership agreement. Irs tax form 1120 for 2012 See Publication 541, Partnerships, for more details. Irs tax form 1120 for 2012 The partnership is considered the employer of any employees, and is liable for any employment taxes due on wages paid to its employees. Irs tax form 1120 for 2012 Exception—Qualified joint venture. Irs tax form 1120 for 2012   For tax years beginning after December 31, 2006, the Small Business and Work Opportunity Tax Act of 2007 (Public Law 110-28) provides that a “qualified joint venture,” whose only members are spouses filing a joint income tax return, can elect not to be treated as a partnership for federal tax purposes. Irs tax form 1120 for 2012 A qualified joint venture conducts a trade or business where: The only members of the joint venture are spouses who file a joint income tax return, Both spouses materially participate (see Material participation in the Instructions for Schedule C (Form 1040), line G) in the trade or business (mere joint ownership of property is not enough), Both spouses elect to not be treated as a partnership, and The business is co-owned by both spouses and is not held in the name of a state law entity such as a partnership or limited liability company (LLC). Irs tax form 1120 for 2012   To make the election, all items of income, gain, loss, deduction, and credit must be divided between the spouses, in accordance with each spouse's interest in the venture, and reported on separate Schedules C or F as sole proprietors. Irs tax form 1120 for 2012 Each spouse must also file a separate Schedule SE to pay self-employment taxes, as applicable. Irs tax form 1120 for 2012   Spouses using the qualified joint venture rules are treated as sole proprietors for federal tax purposes and generally do not need an EIN. Irs tax form 1120 for 2012 If employment taxes are owed by the qualified joint venture, either spouse may report and pay the employment taxes due on the wages paid to the employees using the EIN of that spouse's sole proprietorship. Irs tax form 1120 for 2012 Generally, filing as a qualified joint venture will not increase the spouses' total tax owed on the joint income tax return. Irs tax form 1120 for 2012 However, it gives each spouse credit for social security earnings on which retirement benefits are based and for Medicare coverage without filing a partnership return. Irs tax form 1120 for 2012    Note. Irs tax form 1120 for 2012 If your spouse is your employee, not your partner, see One spouse employed by another in section 3. Irs tax form 1120 for 2012   For more information on qualified joint ventures, visit IRS. Irs tax form 1120 for 2012 gov and enter “qualified joint venture” in the search box. Irs tax form 1120 for 2012 Exception—Community income. Irs tax form 1120 for 2012   If you and your spouse wholly own an unincorporated business as community property under the community property laws of a state, foreign country, or U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 possession, you can treat the business either as a sole proprietorship (of the spouse who carried on the business) or a partnership. Irs tax form 1120 for 2012 You may still make an election to be taxed as a qualified joint venture instead of a partnership. Irs tax form 1120 for 2012 See Exception—Qualified joint venture , earlier. Irs tax form 1120 for 2012 3. Irs tax form 1120 for 2012 Family Employees Child employed by parents. Irs tax form 1120 for 2012   Payments for the services of a child under age 18 who works for his or her parent in a trade or business are not subject to social security and Medicare taxes if the trade or business is a sole proprietorship or a partnership in which each partner is a parent of the child. Irs tax form 1120 for 2012 If these payments are for work other than in a trade or business, such as domestic work in the parent's private home, they are not subject to social security and Medicare taxes until the child reaches age 21. Irs tax form 1120 for 2012 However, see Covered services of a child or spouse , later in this section. Irs tax form 1120 for 2012 Payments for the services of a child under age 21 who works for his or her parent, whether or not in a trade or business, are not subject to FUTA tax. Irs tax form 1120 for 2012 Payments for the services of a child of any age who works for his or her parent are generally subject to income tax withholding unless the payments are for domestic work in the parent's home, or unless the payments are for work other than in a trade or business and are less than $50 in the quarter or the child is not regularly employed to do such work. Irs tax form 1120 for 2012 One spouse employed by another. Irs tax form 1120 for 2012   The wages for the services of an individual who works for his or her spouse in a trade or business are subject to income tax withholding and social security and Medicare taxes, but not to FUTA tax. Irs tax form 1120 for 2012 However, the payments for services of one spouse employed by another in other than a trade or business, such as domestic service in a private home, are not subject to social security, Medicare, and FUTA taxes. Irs tax form 1120 for 2012 Covered services of a child or spouse. Irs tax form 1120 for 2012   The wages for the services of a child or spouse are subject to income tax withholding as well as social security, Medicare, and FUTA taxes if he or she works for: A corporation, even if it is controlled by the child's parent or the individual's spouse; A partnership, even if the child's parent is a partner, unless each partner is a parent of the child; A partnership, even if the individual's spouse is a partner; or An estate, even if it is the estate of a deceased parent. Irs tax form 1120 for 2012 Parent employed by son or daughter. Irs tax form 1120 for 2012   When the employer is a son or daughter employing his or her parent the following rules apply. Irs tax form 1120 for 2012 Payments for the services of a parent in the son’s or daughter’s (the employer’s) trade or business are subject to income tax withholding and social security and Medicare taxes. Irs tax form 1120 for 2012 Payments for the services of a parent not in the son’s or daughter’s (the employer’s) trade or business are generally not subject to social security and Medicare taxes. Irs tax form 1120 for 2012    Social security and Medicare taxes do apply to payments made to a parent for domestic services if all of the following apply: The parent is employed by his or her son or daughter; The son or daughter (the employer) has a child or stepchild living in the home; The son or daughter (the employer) is a widow or widower, divorced, or living with a spouse who, because of a mental or physical condition, cannot care for the child or stepchild for at least 4 continuous weeks in a calendar quarter; and The child or stepchild is either under age 18 or requires the personal care of an adult for at least 4 continuous weeks in a calendar quarter due to a mental or physical condition. Irs tax form 1120 for 2012   Payments made to a parent employed by his or her child are not subject to FUTA tax, regardless of the type of services provided. Irs tax form 1120 for 2012 4. Irs tax form 1120 for 2012 Employee's Social Security Number (SSN) You are required to get each employee's name and SSN and to enter them on Form W-2. Irs tax form 1120 for 2012 This requirement also applies to resident and nonresident alien employees. Irs tax form 1120 for 2012 You should ask your employee to show you his or her social security card. Irs tax form 1120 for 2012 The employee may show the card if it is available. Irs tax form 1120 for 2012 Do not accept a social security card that says “Not valid for employment. Irs tax form 1120 for 2012 ” A social security number issued with this legend does not permit employment. Irs tax form 1120 for 2012 You may, but are not required to, photocopy the social security card if the employee provides it. Irs tax form 1120 for 2012 If you do not provide the correct employee name and SSN on Form W-2, you may owe a penalty unless you have reasonable cause. Irs tax form 1120 for 2012 See Publication 1586, Reasonable Cause Regulations & Requirements for Missing and Incorrect Name/TINs, for information on the requirement to solicit the employee's SSN. Irs tax form 1120 for 2012 Applying for a social security card. Irs tax form 1120 for 2012   Any employee who is legally eligible to work in the United States and does not have a social security card can get one by completing Form SS-5, Application for a Social Security Card, and submitting the necessary documentation. Irs tax form 1120 for 2012 You can get Form SS-5 at SSA offices, by calling 1-800-772-1213, or from the SSA website at www. Irs tax form 1120 for 2012 socialsecurity. Irs tax form 1120 for 2012 gov/online/ss-5. Irs tax form 1120 for 2012 html. Irs tax form 1120 for 2012 The employee must complete and sign Form SS-5; it cannot be filed by the employer. Irs tax form 1120 for 2012 You may be asked to supply a letter to accompany Form SS-5 if the employee has exceeded his or her yearly or lifetime limit for the number of replacement cards allowed. Irs tax form 1120 for 2012 Applying for a social security number. Irs tax form 1120 for 2012   If you file Form W-2 on paper and your employee applied for an SSN but does not have one when you must file Form W-2, enter “Applied For” on the form. Irs tax form 1120 for 2012 If you are filing electronically, enter all zeros (000-00-000) in the social security number field. Irs tax form 1120 for 2012 When the employee receives the SSN, file Copy A of Form W-2c, Corrected Wage and Tax Statement, with the SSA to show the employee's SSN. Irs tax form 1120 for 2012 Furnish copies B, C, and 2 of Form W-2c to the employee. Irs tax form 1120 for 2012 Up to 25 Forms W-2c for each Form W-3c, Transmittal of Corrected Wage and Tax Statements, may now be filed per session over the Internet, with no limit on the number of sessions. Irs tax form 1120 for 2012 For more information, visit the SSA's Employer W-2 Filing Instructions & Information webpage at www. Irs tax form 1120 for 2012 socialsecurity. Irs tax form 1120 for 2012 gov/employer. Irs tax form 1120 for 2012 Advise your employee to correct the SSN on his or her original Form W-2. Irs tax form 1120 for 2012 Correctly record the employee's name and SSN. Irs tax form 1120 for 2012   Record the name and number of each employee as they are shown on the employee's social security card. Irs tax form 1120 for 2012 If the employee's name is not correct as shown on the card (for example, because of marriage or divorce), the employee should request a corrected card from the SSA. Irs tax form 1120 for 2012 Continue to report the employee's wages under the old name until the employee shows you an updated social security card with the new name. Irs tax form 1120 for 2012 If the SSA issues the employee a replacement card after a name change, or a new card with a different social security number after a change in alien work status, file a Form W-2c to correct the name/SSN reported for the most recently filed Form W-2. Irs tax form 1120 for 2012 It is not necessary to correct other years if the previous name and number were used for years before the most recent Form W-2. Irs tax form 1120 for 2012 IRS individual taxpayer identification numbers (ITINs) for aliens. Irs tax form 1120 for 2012   Do not accept an ITIN in place of an SSN for employee identification or for work. Irs tax form 1120 for 2012 An ITIN is only available to resident and nonresident aliens who are not eligible for U. Irs tax form 1120 for 2012 S. Irs tax form 1120 for 2012 employment and need identification for other tax purposes. Irs tax form 1120 for 2012 You can identify an ITIN because it is a nine-digit number, beginning with the number “9” with either a “7” or “8” as the fourth digit and is formatted like an SSN (for example, 9NN-7N-NNNN). Irs tax form 1120 for 2012    An individual with an ITIN who later becomes eligible to work in the United States must obtain an SSN. Irs tax form 1120 for 2012 If the individual is currently eligible to work in the United States, instruct the individual to apply for an SSN and follow the instructions under Applying for a social security number, earlier. Irs tax form 1120 for 2012 Do not use an ITIN in place of an SSN on Form W-2. Irs tax form 1120 for 2012 Verification of social security numbers. Irs tax form 1120 for 2012   Employers and authorized reporting agents can use the Social Security Number Verification Service (SSNVS) to instantly verify up to 10 names and SSNs (per screen) at a time, or submit an electronic file of up to 250,000 names and SSNs and usually receive the results the next business day. Irs tax form 1120 for 2012 Visit www. Irs tax form 1120 for 2012 socialsecurity. Irs tax form 1120 for 2012 gov/employer/ssnv. Irs tax form 1120 for 2012 htm for more information. Irs tax form 1120 for 2012 Registering for SSNVS. Irs tax form 1120 for 2012   You must register online and receive authorization from your employer to use SSNVS. Irs tax form 1120 for 2012 To register, visit SSA's website at www. Irs tax form 1120 for 2012 ssa. Irs tax form 1120 for 2012 gov/employer and click on the Business Services Online link. Irs tax form 1120 for 2012 Follow the registration instructions to obtain a user identification (ID) and password. Irs tax form 1120 for 2012 You will need to provide the following information about yourself and your company. Irs tax form 1120 for 2012 Name. Irs tax form 1120 for 2012 SSN. Irs tax form 1120 for 2012 Date of birth. Irs tax form 1120 for 2012 Type of employer. Irs tax form 1120 for 2012 EIN. Irs tax form 1120 for 2012 Company name, address, and telephone number. Irs tax form 1120 for 2012 Email address. Irs tax form 1120 for 2012   When you have completed the online registration process, SSA will mail a one-time activation code to your employer. Irs tax form 1120 for 2012 You must enter the activation code online to use SSNVS. Irs tax form 1120 for 2012 5. Irs tax form 1120 for 2012 Wages and Other Compensation Wages subject to federal employment taxes generally include all pay you give to an employee for services performed. Irs tax form 1120 for 2012 The pay may be in cash or in other forms. Irs tax form 1120 for 2012 It includes salaries, vacation allowances, bonuses, commissions, and fringe benefits. Irs tax form 1120 for 2012 It does not matter how you measure or make the payments. Irs tax form 1120 for 2012 Amounts an employer pays as a bonus for signing or ratifying a contract in connection with the establishment of an employer-employee relationship and an amount paid to an employee for cancellation of an employment contract and relinquishment of contract rights are wages subject to social security, Medicare, and FUTA taxes and income tax withholding. Irs tax form 1120 for 2012 Also, compensation paid to a former employee for services performed while still employed is wages subject to employment taxes. Irs tax form 1120 for 2012 More information. Irs tax form 1120 for 2012   See section 6 for a discussion of tips and section 7 for a discussion of supplemental wages. Irs tax form 1120 for 2012 Also, see section 15 for exceptions to the general rules for wages. Irs tax form 1120 for 2012 Publication 15-A provides additional information on wages, including nonqualified deferred compensation, and other compensation. Irs tax form 1120 for 2012 Publication 15-B provides information on other forms of compensation, including: Accident and health benefits, Achievement awards, Adoption assistance, Athletic facilities, De minimis (minimal) benefits, Dependent care assistance, Educational assistance, Employee discounts, Employee stock options, Employer-provided cell phones, Group-term life insurance coverage, Health Savings Accounts, Lodging on your business premises, Meals, Moving expense reimbursements, No-additional-cost services, Retirement planning services, Transportation (commuting) benefits, Tuition reduction, and Working condition benefits. Irs tax form 1120 for 2012 Employee business expense reimbursements. Irs tax form 1120 for 2012   A reimbursement or allowance arrangement is a system by which you pay the advances, reimbursements, and charges for your employees' business expenses. Irs tax form 1120 for 2012 How you report a reimbursement or allowance amount depends on whether you have an accountable or a nonaccountable plan. Irs tax form 1120 for 2012 If a single payment includes both wages and an expense reimbursement, you must specify the amount of the reimbursement. Irs tax form 1120 for 2012   These rules apply to all ordinary and necessary employee business expenses that would otherwise qualify for a deduction by the employee. Irs tax form 1120 for 2012 Accountable plan. Irs tax form 1120 for 2012   To be an accountable plan, your reimbursement or allowance arrangement must require your employees to meet all three of the following rules. Irs tax form 1120 for 2012 They must have paid or incurred deductible expenses while performing services as your employees. Irs tax form 1120 for 2012 The reimbursement or advance must be paid for the expense and must not be an amount that would have otherwise been paid by the employee. Irs tax form 1120 for 2012 They must substantiate these expenses to you within a reasonable period of time. Irs tax form 1120 for 2012 They must return any amounts in excess of substantiated expenses within a reasonable period of time. Irs tax form 1120 for 2012   Amounts paid under an accountable plan are not wages and are not subject to income, social security, Medicare, and FUTA taxes. Irs tax form 1120 for 2012   If the expenses covered by this arrangement are not substantiated (or amounts in excess of substantiated expenses are not returned within a reasonable period of time), the amount paid under the arrangement in excess of the substantiated expenses is treated as paid under a nonaccountable plan. Irs tax form 1120 for 2012 This amount is subject to income, social security, Medicare, and FUTA taxes for the first payroll period following the end of the reasonable period of time. Irs tax form 1120 for 2012   A reasonable period of time depends on the facts and circumstances. Irs tax form 1120 for 2012 Generally, it is considered reasonable if your employees receive their advance within 30 days of the time they incur the expenses, adequately account for the expenses within 60 days after the expenses were paid or incurred, and return any amounts in excess of expenses within 120 days after the expenses were paid or incurred. Irs tax form 1120 for 2012 Also, it is considered reasonable if you give your employees a periodic statement (at least quarterly) that asks them to either return or adequately account for outstanding amounts and they do so within 120 days. Irs tax form 1120 for 2012 Nonaccountable plan. Irs tax form 1120 for 2012   Payments to your employee for travel and other necessary expenses of your business under a nonaccountable plan are wages and are treated as supplemental wages and subject to income, social security, Medicare, and FUTA taxes. Irs tax form 1120 for 2012 Your payments are treated as paid under a nonaccountable plan if: Your employee is not required to or does not substantiate timely those expenses to you with receipts or other documentation, You advance an amount to your employee for business expenses and your employee is not required to or does not return timely any amount he or she does not use for business expenses, You advance or pay an amount to your employee regardless of whether you reasonably expect the employee to have business expenses related to your business, or You pay an amount as a reimbursement you would have otherwise paid as wages. Irs tax form 1120 for 2012   See section 7 for more information on supplemental wages. Irs tax form 1120 for 2012 Per diem or other fixed allowance. Irs tax form 1120 for 2012   You may reimburse your employees by travel days, miles, or some other fixed allowance under the applicable revenue procedure. Irs tax form 1120 for 2012 In these cases, your employee is considered to have accounted to you if your reimbursement does not exceed rates established by the Federal Government. Irs tax form 1120 for 2012 The 2013 standard mileage rate for auto expenses was 56. Irs tax form 1120 for 2012 5 cents per mile. Irs tax form 1120 for 2012 The rate for 2014 is 56 cents per mile. Irs tax form 1120 for 2012   The government per diem rates for meals and lodging in the continental United States are listed in Publication 1542, Per Diem Rates. Irs tax form 1120 for 2012 Other than the amount of these expenses, your employees' business expenses must be substantiated (for example, the business purpose of the travel or the number of business miles driven). Irs tax form 1120 for 2012   If the per diem or allowance paid exceeds the amounts substantiated, you must report the excess amount as wages. Irs tax form 1120 for 2012 This excess amount is subject to income tax withholding and payment of social security, Medicare, and FUTA taxes. Irs tax form 1120 for 2012 Show the amount equal to the substantiated amount (for example, the nontaxable portion) in box 12 of Form W-2 using code “L. Irs tax form 1120 for 2012 ” Wages not paid in money. Irs tax form 1120 for 2012   If in the course of your trade or business you pay your employees in a medium that is neither cash nor a readily negotiable instrument, such as a check, you are said to pay them “in kind. Irs tax form 1120 for 2012 ” Payments in kind may be in the form of goods, lodging, food, clothing, or services. Irs tax form 1120 for 2012 Generally, the fair market value of such payments at the time they are provided is subject to federal income tax withholding and social security, Medicare, and FUTA taxes. Irs tax form 1120 for 2012   However, noncash payments for household work, agricultural labor, and service not in the employer's trade or business are exempt from social security, Medicare, and FUTA taxes. Irs tax form 1120 for 2012 Withhold income tax on these payments only if you and the employee agree to do so. Irs tax form 1120 for 2012 Nonetheless, noncash payments for agricultural labor, such as commodity wages, are treated as cash payments subject to employment taxes if the substance of the transaction is a cash payment. Irs tax form 1120 for 2012 Moving expenses. Irs tax form 1120 for 2012   Reimbursed and employer-paid qualified moving expenses (those that would otherwise be deductible by the employee) paid under an accountable plan are not includible in an employee's income unless you have knowledge the employee deducted the expenses in a prior year. Irs tax form 1120 for 2012 Reimbursed and employer-paid nonqualified moving expenses are includible in income and are subject to employment taxes and income tax withholding. Irs tax form 1120 for 2012 For more information on moving expenses, see Publication 521, Moving Expenses. Irs tax form 1120 for 2012 Meals and lodging. Irs tax form 1120 for 2012   The value of meals is not taxable income and is not subject to income tax withholding and social security, Medicare, and FUTA taxes if the meals are furnished for the employer's convenience and on the employer's premises. Irs tax form 1120 for 2012 The value of lodging is not subject to income tax withholding and social security, Medicare, and FUTA taxes if the lodging is furnished for the employer's convenience, on the employer's premises, and as a condition of employment. Irs tax form 1120 for 2012    “For the convenience of the employer” means you have a substantial business reason for providing the meals and lodging other than to provide additional compensation to the employee. Irs tax form 1120 for 2012 For example, meals you provide at the place of work so that an employee is available for emergencies during his or her lunch period are generally considered to be for your convenience. Irs tax form 1120 for 2012   However, whether meals or lodging are provided for the convenience of the employer depends on all of the facts and circumstances. Irs tax form 1120 for 2012 A written statement that the meals or lodging are for your convenience is not sufficient. Irs tax form 1120 for 2012 50% test. Irs tax form 1120 for 2012   If over 50% of the employees who are provided meals on an employer's business premises receive these meals for the convenience of the employer, all meals provided on the premises are treated as furnished for the convenience of the employer. Irs tax form 1120 for 2012 If this 50% test is met, the value of the meals is excludable from income for all employees and is not subject to federal income tax withholding or employment taxes. Irs tax form 1120 for 2012 For more information, see Publication 15-B. Irs tax form 1120 for 2012 Health insurance plans. Irs tax form 1120 for 2012   If you pay the cost of an accident or health insurance plan for your employees, including an employee's spouse and dependents, your payments are not wages and are not subject to social security, Medicare, and FUTA taxes, or federal income tax withholding. Irs tax form 1120 for 2012 Generally, this exclusion also applies to qualified long-term care insurance contracts. Irs tax form 1120 for 2012 However, for income tax withholding, the value of health insurance benefits must be included in the wages of S corporation employees who own more than 2% of the S corporation (2% shareholders). Irs tax form 1120 for 2012 For social security, Medicare, and FUTA taxes, the health insurance benefits are excluded from the wages only for employees and their dependents or for a class or classes of employees and their dependents. Irs tax form 1120 for 2012 See Announcement 92-16 for more information. Irs tax form 1120 for 2012 You can find Announcement 92-16 on page 53 of Internal Revenue Bulletin 1992-5. Irs tax form 1120 for 2012 Health Savings Accounts and medical savings accounts. Irs tax form 1120 for 2012   Your contributions to an employee's Health Savings Account (HSA) or Archer medical savings account (MSA) are not subject to social security, Medicare, or FUTA taxes, or federal income tax withholding if it is reasonable to believe at the time of payment of the contributions they will be excludable from the income of the employee. Irs tax form 1120 for 2012 To the extent it is not reasonable to believe they will be excludable, your contributions are subject to these taxes. Irs tax form 1120 for 2012 Employee contributions to their HSAs or MSAs through a payroll deduction plan must be included in wages and are subject to social security, Medicare, and FUTA taxes and income tax withholding. Irs tax form 1120 for 2012 However, HSA contributions made under a salary reduction arrangement in a section 125 cafeteria plan are not wages and are not subject to employment taxes or withholding. Irs tax form 1120 for 2012 For more information, see the Instructions for Form 8889, Health Savings Accounts (HSAs). Irs tax form 1120 for 2012 Medical care reimbursements. Irs tax form 1120 for 2012   Generally, medical care reimbursements paid for an employee under an employer's self-insured medical reimbursement plan are not wages and are not subject to social security, Medicare, and FUTA taxes, or income tax withholding. Irs tax form 1120 for 2012 See Publication 15-B for an exception for highly compensated employees. Irs tax form 1120 for 2012 Differential wage payments. Irs tax form 1120 for 2012   Differential wage payments are any payments made by an employer to an individual for a period during which the individual is performing service in the uniformed services while on active duty for a period of more than 30 days and represent all or a portion of the wages the individual would have received from the employer if the individual were performing services for the employer. Irs tax form 1120 for 2012   Differential wage payments are wages for income tax withholding, but are not subject to social security, Medicare, or FUTA taxes. Irs tax form 1120 for 2012 Employers should report differential wage payments in box 1 of Form W-2. Irs tax form 1120 for 2012 For more information about the tax treatment of differential wage payments, visit IRS. Irs tax form 1120 for 2012 gov and enter “employees in a combat zone” in the search box. Irs tax form 1120 for 2012 Fringe benefits. Irs tax form 1120 for 2012   You generally must include fringe benefits in an employee's gross income (but see Nontaxable fringe benefits next). Irs tax form 1120 for 2012 The benefits are subject to income tax withholding and employment taxes. Irs tax form 1120 for 2012 Fringe benefits include cars you provide, flights on aircraft you provide, free or discounted commercial flights, vacations, discounts on property or services, memberships in country clubs or other social clubs, and tickets to entertainment or sporting events. Irs tax form 1120 for 2012 In general, the amount you must include is the amount by which the fair market value of the benefits is more than the sum of what the employee paid for it plus any amount the law excludes. Irs tax form 1120 for 2012 There are other special rules you and your employees may use to value certain fringe benefits. Irs tax form 1120 for 2012 See Publication 15-B for more information. Irs tax form 1120 for 2012 Nontaxable fringe benefits. Irs tax form 1120 for 2012   Some fringe benefits are not taxable (or are minimally taxable) if certain conditions are met. Irs tax form 1120 for 2012 See Publication 15-B for details. Irs tax form 1120 for 2012 The following are some examples of nontaxable fringe benefits. Irs tax form 1120 for 2012 Services provided to your employees at no additional cost to you. Irs tax form 1120 for 2012 Qualified employee discounts. Irs tax form 1120 for 2012 Working condition fringes that are property or services the employee could deduct as a business expense if he or she had paid for it. Irs tax form 1120 for 2012 Examples include a company car for business use and subscriptions to business magazines. Irs tax form 1120 for 2012 Certain minimal value fringes (including an occasional cab ride when an employee must work overtime and meals you provide at eating places you run for your employees if the meals are not furnished at below cost). Irs tax form 1120 for 2012 Qualified transportation fringes subject to specified conditions and dollar limitations (including transportation in a commuter highway vehicle, any transit pass, and qualified parking). Irs tax form 1120 for 2012 Qualified moving expense reimbursement. Irs tax form 1120 for 2012 See Moving expenses , earlier in this section, for details. Irs tax form 1120 for 2012 The use of on-premises athletic facilities, if substantially all of the use is by employees, their spouses, and their dependent children. Irs tax form 1120 for 2012 Qualified tuition reduction an educational organization provides to its employees for education. Irs tax form 1120 for 2012 For more information, see Publication 970, Tax Benefits for Education. Irs tax form 1120 for 2012 Employer-provided cell phones provided primarily for a noncompensatory business reason. Irs tax form 1120 for 2012   However, do not exclude the following fringe benefits from the income of highly compensated employees unless the benefit is available to other employees on a nondiscriminatory basis. Irs tax form 1120 for 2012 No-additional-cost services. Irs tax form 1120 for 2012 Qualified employee discounts. Irs tax form 1120 for 2012 Meals provided at an employer operated eating facility. Irs tax form 1120 for 2012 Reduced tuition for education. Irs tax form 1120 for 2012  For more information, including the definition of a highly compensated employee, see Publication 15-B. Irs tax form 1120 for 2012 When fringe benefits are treated as paid. Irs tax form 1120 for 2012   You may choose to treat certain noncash fringe benefits as paid by the pay period, by the quarter, or on any other basis you choose as long as you treat the benefits as paid at least once a year. Irs tax form 1120 for 2012 You do not have to make a formal choice of payment dates or notify the IRS of the dates you choose. Irs tax form 1120 for 2012 You do not have to make this choice for all employees. Irs tax form 1120 for 2012 You may change methods as often as you like, as long as you treat all benefits provided in a calendar year as paid by December 31 of the calendar year. Irs tax form 1120 for 2012 See Publication 15-B for more information, including a discussion of the special accounting rule for fringe benefits provided during November and December. Irs tax form 1120 for 2012 Valuation of fringe benefits. Irs tax form 1120 for 2012   Generally, you must determine the value of fringe benefits no later than January 31 of the next year. Irs tax form 1120 for 2012 Before January 31, you may reasonably estimate the value of the fringe benefits for purposes of withholding and depositing on time. Irs tax form 1120 for 2012 Withholding on fringe benefits. Irs tax form 1120 for 2012   You may add the value of fringe benefits to regular wages for a payroll period and figure withholding taxes on the total, or you may withhold federal income tax on the value of the fringe benefits at the optional flat 25% supplemental wage rate. Irs tax form 1120 for 2012 However, see Withholding on supplemental wages when an employee receives more than $1 million of supplemental wages during the calendar year in section 7. Irs tax form 1120 for 2012   You may choose not to withhold income tax on the value of an employee's personal use of a vehicle you provide. Irs tax form 1120 for 2012 You must, however, withhold social security and Medicare taxes on the use of the vehicle. Irs tax form 1120 for 2012 See Publication 15-B for more information on this election. Irs tax form 1120 for 2012 Depositing taxes on fringe benefits. Irs tax form 1120 for 2012   Once you choose when fringe benefits are paid, you must deposit taxes in the same deposit period you treat the fringe benefits as paid. Irs tax form 1120 for 2012 To avoid a penalty, deposit the taxes following the general deposit rules for that deposit period. Irs tax form 1120 for 2012   If you determine by January 31 you overestimated the value of a fringe benefit at the time you withheld and deposited for it, you may claim a refund for the overpayment or have it applied to your next employment tax return. Irs tax form 1120 for 2012 See Valuation of fringe benefits , earlier. Irs tax form 1120 for 2012 If you underestimated the value and deposited too little, you may be subject to a failure-to-deposit penalty. Irs tax form 1120 for 2012 See section 11 for information on deposit penalties. Irs tax form 1120 for 2012   If you deposited the required amount of taxes but withheld a lesser amount from the employee, you can recover from the employee the social security, Medicare, or income taxes you deposited on his or her behalf, and included in the employee's Form W-2. Irs tax form 1120 for 2012 However, you must recover the income taxes before April 1 of the following year. Irs tax form 1120 for 2012 Sick pay. Irs tax form 1120 for 2012   In general, sick pay is any amount you pay under a plan to an employee who is unable to work because of sickness or injury. Irs tax form 1120 for 2012 These amounts are sometimes paid by a third party, such as an insurance company or an employees' trust. Irs tax form 1120 for 2012 In either case, these payments are subject to social security, Medicare, and FUTA taxes. Irs tax form 1120 for 2012 Sick pay becomes exempt from these taxes after the end of 6 calendar months after the calendar month the employee last worked for the employer. Irs tax form 1120 for 2012 The payments are always subject to federal income tax. Irs tax form 1120 for 2012 See Publication 15-A for more information. Irs tax form 1120 for 2012 6. Irs tax form 1120 for 2012 Tips Tips your employee receives from customers are generally subject to withholding. Irs tax form 1120 for 2012 Your employee must report cash tips to you by the 10th of the month after the month the tips are received. Irs tax form 1120 for 2012 The report should include tips you paid over to the employee for charge customers, tips the employee received directly from customers, and tips received from other employees under any tip-sharing arrangement. Irs tax form 1120 for 2012 Both directly and indirectly tipped employees must report tips to you. Irs tax form 1120 for 2012 No report is required for months when tips are less than $20. Irs tax form 1120 for 2012 Your employee reports the tips on Form 4070, Employee's Report of Tips to Employer, or on a similar statement. Irs tax form 1120 for 2012 The statement must be signed by the employee and must include: The employee's name, address, and SSN, Your name and address, The month or period the report covers, and The total of tips received during the month or period. Irs tax form 1120 for 2012 Both Forms 4070 and 4070-A, Employee's Daily Record of Tips, are included in Publication 1244, Employee's Daily Record of Tips and Report to Employer. Irs tax form 1120 for 2012 You are permitted to establish a system for electronic tip reporting by employees. Irs tax form 1120 for 2012 See Regulations section 31. Irs tax form 1120 for 2012 6053-1(d). Irs tax form 1120 for 2012 Collecting taxes on tips. Irs tax form 1120 for 2012   You must collect income tax, employee social security tax, and employee Medicare tax on the employee's tips. Irs tax form 1120 for 2012 The withholding rules for withholding an employee's share of Medicare tax on tips also apply to withholding the Additional Medicare Tax once wages and tips exceed $200,000 in the calendar year. Irs tax form 1120 for 2012 If an employee reports to you in writing $20 or more of tips in a month, the tips are also subject to FUTA tax. Irs tax form 1120 for 2012   You can collect these taxes from the employee's wages or from other funds he or she makes available. Irs tax form 1120 for 2012 See Tips treated as supplemental wages in section 7 for more information. Irs tax form 1120 for 2012 Stop collecting the employee social security tax when his or her wages and tips for tax year 2014 reach $117,000; collect the income and employee Medicare taxes for the whole year on all wages and tips. Irs tax form 1120 for 2012 You are responsible for the employer social security tax on wages and tips until the wages (including tips) reach the limit. Irs tax form 1120 for 2012 You are responsible for the employer Medicare tax for the whole year on all wages and tips. Irs tax form 1120 for 2012 File Form 941 or Form 944 to report withholding and employment taxes on tips. Irs tax form 1120 for 2012 Ordering rule. Irs tax form 1120 for 2012   If, by the 10th of the month after the month for which you received an employee's report on tips, you do not have enough employee funds available to deduct the employee tax, you no longer have to collect it. Irs tax form 1120 for 2012 If there are not enough funds available, withhold taxes in the following order. Irs tax form 1120 for 2012 Withhold on regular wages and other compensation. Irs tax form 1120 for 2012 Withhold social security and Medicare taxes on tips. Irs tax form 1120 for 2012 Withhold income tax on tips. Irs tax form 1120 for 2012 Reporting tips. Irs tax form 1120 for 2012   Report tips and any collected and uncollected social security and Medicare taxes on Form W-2 and on Form 941, lines 5b, 5c, and 5d (Form 944, lines 4b, 4c, and 4d). Irs tax form 1120 for 2012 Report an adjustment on Form 941, line 9 (Form 944, line 6), for the uncollected social security and Medicare taxes. Irs tax form 1120 for 2012 Enter the amount of uncollected social security tax and Medicare tax on Form W-2, box 12, with codes “A” and “B. Irs tax form 1120 for 2012 ” Do not include any uncollected Additional Medicare Tax in box 12 of Form W-2. Irs tax form 1120 for 2012 See section 13 and the General Instructions for Forms W-2 and W-3. Irs tax form 1120 for 2012   Revenue Ruling 2012-18 provides guidance for employers regarding social security and Medicare taxes imposed on tips, including information on the reporting of the employer share of social security and Medicare taxes under section 3121(q), the difference between tips and service charges, and the section 45B credit. Irs tax form 1120 for 2012 See Revenue Ruling 2012-18, 2012-26 I. Irs tax form 1120 for 2012 R. Irs tax form 1120 for 2012 B. Irs tax form 1120 for 2012 1032, available at www. Irs tax form 1120 for 2012 irs. Irs tax form 1120 for 2012 gov/irb/2012-26_IRB/ar07. Irs tax form 1120 for 2012 html. Irs tax form 1120 for 2012 Allocated tips. Irs tax form 1120 for 2012   If you operate a large food or beverage establishment, you must report allocated tips under certain circumstances. Irs tax form 1120 for 2012 However, do not withhold income, social security, or Medicare taxes on allocated tips. Irs tax form 1120 for 2012   A large food or beverage establishment is one that provides food or beverages for consumption on the premises, where tipping is customary, and where there were normally more than 10 employees on a typical business day during the preceding year. Irs tax form 1120 for 2012   The tips may be allocated by one of three methods—hours worked, gross receipts, or good faith agreement. Irs tax form 1120 for 2012 For information about these allocation methods, including the requirement to file Forms 8027 electronically if 250 or more forms are filed, see the Instructions for Form 8027. Irs tax form 1120 for 2012 For information on filing Form 8027 electronically with the IRS, see Publication 1239. Irs tax form 1120 for 2012 Tip Rate Determination and Education Program. Irs tax form 1120 for 2012   Employers may participate in the Tip Rate Determination and Education Program. Irs tax form 1120 for 2012 The program primarily consists of two voluntary agreements developed to improve tip income reporting by helping taxpayers to understand and meet their tip reporting responsibilities. Irs tax form 1120 for 2012 The two agreements are the Tip Rate Determination Agreement (TRDA) and the Tip Reporting Alternative Commitment (TRAC). Irs tax form 1120 for 2012 A tip agreement, the Gaming Industry Tip Compliance Agreement (GITCA), is available for the gaming (casino) industry. Irs tax form 1120 for 2012 To get more information about TRDA and TRAC agreements, see Publication 3144, Tips on Tips. Irs tax form 1120 for 2012 Additionally, visit IRS. Irs tax form 1120 for 2012 gov and enter “MSU tips” in the search box to get more information about GITCA, TRDA, or TRAC agreements. Irs tax form 1120 for 2012 7. Irs tax form 1120 for 2012 Supplemental Wages Supplemental wages are wage payments to an employee that are not regular wages. Irs tax form 1120 for 2012 They include, but are not limited to, bonuses, commissions, overtime pay, payments for accumulated sick leave, severance pay, awards, prizes, back pay, retroactive pay increases, and payments for nondeductible moving expenses. Irs tax form 1120 for 2012 Other payments subject to the supplemental wage rules include taxable fringe benefits and expense allowances paid under a nonaccountable plan. Irs tax form 1120 for 2012 How you withhold on supplemental wages depends on whether the supplemental payment is identified as a separate payment from regular wages. Irs tax form 1120 for 2012 See Regulations section 31. Irs tax form 1120 for 2012 3402(g)-1 for additional guidance for wages paid after January 1, 2007. Irs tax form 1120 for 2012 Also see Revenue Ruling 2008-29, 2008-24 I. Irs tax form 1120 for 2012 R. Irs tax form 1120 for 2012 B. Irs tax form 1120 for 2012 1149, available at www. Irs tax form 1120 for 2012 irs. Irs tax form 1120 for 2012 gov/irb/2008-24_IRB/ar08. Irs tax form 1120 for 2012 html. Irs tax form 1120 for 2012 Withholding on supplemental wages when an employee receives more than $1 million of supplemental wages from you during the calendar year. Irs tax form 1120 for 2012   Special rules apply to the extent supplemental wages paid to any one employee during the calendar year exceed $1 million. Irs tax form 1120 for 2012 If a supplemental wage payment, together with other supplemental wage payments made to the employee during the calendar year, exceeds $1 million, the excess is subject to withholding at 39. Irs tax form 1120 for 2012 6% (or the highest rate of income tax for the year). Irs tax form 1120 for 2012 Withhold using the 39. Irs tax form 1120 for 2012 6% rate without regard to the employee's Form W-4. Irs tax form 1120 for 2012 In determining supplemental wages paid to the employee during the year, include payments from all businesses under common control. Irs tax form 1120 for 2012 For more information, see Treasury Decision 9276, 2006-37 I. Irs tax form 1120 for 2012 R. Irs tax form 1120 for 2012 B. Irs tax form 1120 for 2012 423, available at www. Irs tax form 1120 for 2012 irs. Irs tax form 1120 for 2012 gov/irb/2006-37_IRB/ar09. Irs tax form 1120 for 2012 html. Irs tax form 1120 for 2012 Withholding on supplemental wage payments to an employee who does not receive $1 million of supplemental wages during the calendar year. Irs tax form 1120 for 2012   If the supplemental wages paid to the employee during the calendar year are less than or equal to $1 million, the following rules apply in determining the amount of income tax to be withheld. Irs tax form 1120 for 2012 Supplemental wages combined with regular wages. Irs tax form 1120 for 2012   If you pay supplemental wages with regular wages but do not specify the amount of each, withhold federal income tax as if the total were a single payment for a regular payroll period. Irs tax form 1120 for 2012 Supplemental wages identified separately from regular wages. Irs tax form 1120 for 2012   If you pay supplemental wages separately (or combine them in a single payment and specify the amount of each), the federal income tax withholding method depends partly on whether you withhold income tax from your employee's regular wages. Irs tax form 1120 for 2012 If you withheld income tax from an employee's regular wages in the current or immediately preceding calendar year, you can use one of the following methods for the supplemental wages. Irs tax form 1120 for 2012 Withhold a flat 25% (no other percentage allowed). Irs tax form 1120 for 2012 If the supplemental wages are paid concurrently with regular wages, add the supplemental wages to the concurrently paid regular wages. Irs tax form 1120 for 2012 If there are no concurrently paid regular wages, add the supplemental wages to alternatively, either the regular wages paid or to be paid for the current payroll period or the regular wages paid for the preceding payroll period. Irs tax form 1120 for 2012 Figure the income tax withholding as if the total of the regular wages and supplemental wages is a single payment. Irs tax form 1120 for 2012 Subtract the tax withheld from the regular wages. Irs tax form 1120 for 2012 Withhold the remaining tax from the supplemental wages. Irs tax form 1120 for 2012 If there were other payments of supplemental wages paid during the payroll period made before the current payment of supplemental wages, aggregate all the payments of supplemental wages paid during the payroll period with the regular wages paid during the payroll period, calculate the tax on the total, subtract the tax already withheld from the regular wages and the previous supplemental wage payments, and withhold the remaining tax. Irs tax form 1120 for 2012 If you did not withhold income tax from the employee's regular wages in the current or immediately preceding calendar year, use method 1-b. Irs tax form 1120 for 2012 This would occur, for example, when the value of the employee's withholding allowances claimed on Form W-4 is more than the wages. Irs tax form 1120 for 2012 Regardless of the method you use to withhold income tax on supplemental wages, they are subject to social security, Medicare, and FUTA taxes. Irs tax form 1120 for 2012 Example 1. Irs tax form 1120 for 2012 You pay John Peters a base salary on the 1st of each month. Irs tax form 1120 for 2012 He is single and claims one withholding allowance. Irs tax form 1120 for 2012 In January he is paid $1,000. Irs tax form 1120 for 2012 Using the wage bracket tables, you withhold $50 from this amount. Irs tax form 1120 for 2012 In February, he receives salary of $1,000 plus a commission of $2,000, which you combine with regular wages and do not separately identify. Irs tax form 1120 for 2012 You figure the withholding based on the total of $3,000. Irs tax form 1120 for 2012 The correct withholding from the tables is $338. Irs tax form 1120 for 2012 Example 2. Irs tax form 1120 for 2012 You pay Sharon Warren a base salary on the 1st of each month. Irs tax form 1120 for 2012 She is single and claims one allowance. Irs tax form 1120 for 2012 Her May 1 pay is $2,000. Irs tax form 1120 for 2012 Using the wage bracket tables, you withhold $188. Irs tax form 1120 for 2012 On May 14 she receives a bonus of $1,000. Irs tax form 1120 for 2012 Electing to use supplemental wage withholding method 1-b, you: Add the bonus amount to the amount of wages from the most recent base salary pay date (May 1) ($2,000 + $1,000 = $3,000). Irs tax form 1120 for 2012 Determine the amount of withholding on the combined $3,000 amount to be $338 using the wage bracket tables. Irs tax form 1120 for 2012 Subtract the amount withheld from wages on the most recent base salary pay date (May 1) from the combined withholding amount ($338 – $188 = $150). Irs tax form 1120 for 2012 Withhold $150 from the bonus payment. Irs tax form 1120 for 2012 Example 3. Irs tax form 1120 for 2012 The facts are the same as in Example 2, except you elect to use the flat rate method of withholding on the bonus. Irs tax form 1120 for 2012 You withhold 25% of $1,000, or $250, from Sharon's bonus payment. Irs tax form 1120 for 2012 Example 4. Irs tax form 1120 for 2012 The facts are the same as in Example 2, except you elect to pay Sharon a second bonus of $2,000 on May 28. Irs tax form 1120 for 2012 Using supplemental wage withholding method 1-b, you: Add the first and second bonus amounts to the amount of wages from the most recent base salary pay date (May 1) ($2,000 + $1,000 + $2,000 = $5,000). Irs tax form 1120 for 2012 Determine the amount of withholding on the combined $5,000 amount to be $781 using the wage bracket tables. Irs tax form 1120 for 2012 Subtract the amounts withheld from wages on the most recent base salary pay date (May 1) and the amounts withheld from the first bonus payment from the combined withholding amount ($781 – $188 – $150 = $443). Irs tax form 1120 for 2012 Withhold $443 from the second bonus payment. Irs tax form 1120 for 2012 Tips treated as supplemental wages. Irs tax form 1120 for 2012   Withhold income tax on tips from wages earned by the employee or from other funds the employee makes available. Irs tax form 1120 for 2012 If an employee receives regular wages and reports tips, figure income tax withholding as if the tips were supplemental wages. Irs tax form 1120 for 2012 If you have not withheld income tax from the regular wages, add the tips to the regular wages. Irs tax form 1120 for 2012 Then withhold income tax on the total. Irs tax form 1120 for 2012 If you withheld income tax from the regular wages, you can withhold on the tips by method 1-a or 1-b discussed earlier in this section under Supplemental wages identified separately from regular wages. Irs tax form 1120 for 2012 Vacation pay. Irs tax form 1120 for 2012   Vacation pay is subject to withholding as if it were a regular wage payment. Irs tax form 1120 for 2012 When vacation pay is in addition to regular wages for the vacation period, treat it as a supplemental wage payment. Irs tax form 1120 for 2012 If the vacation pay is for a time longer than your usual payroll period, spread it over the pay periods for which you pay it. Irs tax form 1120 for 2012 8. Irs tax form 1120 for 2012 Payroll Period Your payroll period is a period of service for which you usually pay wages. Irs tax form 1120 for 2012 When you have a regular payroll period, withhold income tax for that time period even if your employee does not work the full period. Irs tax form 1120 for 2012 No regular payroll period. Irs tax form 1120 for 2012   When you do not have a regular payroll period, withhold the tax as if you paid wages for a daily or miscellaneous payroll period. Irs tax form 1120 for 2012 Figure the number of days (including Sundays and holidays) in the period covered by the wage payment. Irs tax form 1120 for 2012 If the wages are unrelated to a specific length of time (for example, commissions paid on completion of a sale), count back the number of days from the payment period to the latest of: The last wage payment made during the same calendar year, The date employment began, if during the same calendar year, or January 1 of the same year. Irs tax form 1120 for 2012 Employee paid for period less than 1 week. Irs tax form 1120 for 2012   When you pay an employee for a period of less than one week, and the employee signs a statement under penalties of perjury indicating he or she is not working for any other employer during the same week for wages subject to withholding, figure withholding based on a weekly payroll period. Irs tax form 1120 for 2012 If the employee later begins to work for another employer for wages subject to withholding, the employee must notify you within 10 days. Irs tax form 1120 for 2012 You then figure withholding based on the daily or miscellaneous period. Irs tax form 1120 for 2012 9. Irs tax form 1120 for 2012 Withholding From Employees' Wages Income Tax Withholding Using Form W-4 to figure withholding. Irs tax form 1120 for 2012   To know how much federal income tax to withhold from employees' wages, you should have a Form W-4 on file for each employee. Irs tax form 1120 for 2012 Encourage your employees to file an updated Form W-4 for 2014, especially if they owed taxes or received a large refund when filing their 2013 tax return. Irs tax form 1120 for 2012 Advise your employees to use the IRS Withholding Calculator on the IRS website at www. Irs tax form 1120 for 2012 irs. Irs tax form 1120 for 2012 gov/individuals for help in determining how many withholding allowances to claim on their Forms W-4. Irs tax form 1120 for 2012   Ask all new employees to give you a signed Form W-4 when they start work. Irs tax form 1120 for 2012 Make the form effective with the first wage payment. Irs tax form 1120 for 2012 If a new employee does not give you a completed Form W-4, withhold income tax as if he or she is single, with no withholding allowances. Irs tax form 1120 for 2012 Form in Spanish. Irs tax form 1120 for 2012   You can provide Formulario W-4(SP), Certificado de Exención de Retenciones del Empleado, in place of Form W-4, to your Spanish-speaking employees. Irs tax form 1120 for 2012 For more information, see Publicación 17(SP), El Impuesto Federal sobre los Ingresos (Para Personas Físicas). Irs tax form 1120 for 2012 The rules discussed in this section that apply to Form W-4 also apply to Formulario W-4(SP). Irs tax form 1120 for 2012 Electronic system to receive Form W-4. Irs tax form 1120 for 2012   You may establish a system to electronically receive Forms W-4 from your employees. Irs tax form 1120 for 2012 See Regulations section 31. Irs tax form 1120 for 2012 3402(f)(5)-1(c) for more information. Irs tax form 1120 for 2012 Effective date of Form W-4. Irs tax form 1120 for 2012   A Form W-4 remains in effect until the employee gives you a new one. Irs tax form 1120 for 2012 When you receive a new Form W-4 from an employee, do not adjust withholding for pay periods before the effective date of the new form. Irs tax form 1120 for 2012 If an employee gives you a Form W-4 that replaces an existing Form W-4, begin withholding no later than the start of the first payroll period ending on or after the 30th day from the date when you received the replacement Form W-4. Irs tax form 1120 for 2012 For exceptions, see Exemption from federal income tax withholding , IRS review of requested Forms W-4 , and Invalid Forms W-4 , later in this section. Irs tax form 1120 for 2012 A Form W-4 that makes a change for the next calendar year will not take effect in the current calendar year. Irs tax form 1120 for 2012 Successor employer. Irs tax form 1120 for 2012   If you are a successor employer (see Successor employer , later in this section), secure new Forms W-4 from the transferred employees unless the “Alternative Procedure” in section 5 of Revenue Procedure 2004-53 applies. Irs tax form 1120 for 2012 See Revenue Procedure 2004-53, 2004-34 I. Irs tax form 1120 for 2012 R. Irs tax form 1120 for 2012 B. Irs tax form 1120 for 2012 320, available at www. Irs tax form 1120 for 2012 irs. Irs tax form 1120 for 2012 gov/irb/2004-34_IRB/ar13. Irs tax form 1120 for 2012 html. Irs tax form 1120 for 2012 Completing Form W-4. Irs tax form 1120 for 2012   The amount of any federal income tax withholding must be based on marital status and withholding allowances. Irs tax form 1120 for 2012 Your employees may not base their withholding amounts on a fixed dollar amount or percentage. Irs tax form 1120 for 2012 However, an employee may specify a dollar amount to be withheld in addition to the amount of withholding based on filing status and withholding allowances claimed on Form W-4. Irs tax form 1120 for 2012 Employees may claim fewer withholding allowances than they are entitled to claim. Irs tax form 1120 for 2012 They may wish to claim fewer allowances to ensure they have enough withholding or to offset the tax on other sources of taxable income not subject to withholding. Irs tax form 1120 for 2012 See Publication 505, Tax Withholding and Estimated Tax, for more information about completing Form W-4. Irs tax form 1120 for 2012 Along with Form W-4, you may wish to order Publication 505 for use by your employees. Irs tax form 1120 for 2012 Do not accept any withholding or estimated tax payments from your employees in addition to withholding based on their Form W-4. Irs tax form 1120 for 2012 If they require additional withholding, they should submit a new Form W-4 and, if necessary, pay estimated tax by filing Form 1040-ES, Estimated Tax for Individuals, or by using the Electronic Federal Tax Payment System (EFTPS) to make estimated tax payments. Irs tax form 1120 for 2012 Exemption from federal income tax withholding. Irs tax form 1120 for 2012   Generally, an employee may claim exemption from federal income tax withholding because he or she had no income tax liability last year and expects none this year. Irs tax form 1120 for 2012 See the Form W-4 instructions for more information. Irs tax form 1120 for 2012 However, the wages are still subject to social security and Medicare taxes. Irs tax form 1120 for 2012 See also Invalid Forms W-4 , later in this section. Irs tax form 1120 for 2012   A Form W-4 claiming exemption from withholding is effective when it is filed with the employer and only for that calendar year. Irs tax form 1120 for 2012 To continue to be exempt from withholding in the next calendar year, an employee must give you a new Form W-4 by February 15. Irs tax form 1120 for 2012 If the employee does not give you a new Form W-4 by February 15, begin withholding based on the last Form W-4 for the employee that did not claim an exemption from withholding or, if one was not filed, then withhold tax as if he or she is single with zero withholding allowances. Irs tax form 1120 for 2012 If the employee provides a new Form W-4 claiming exemption from withholding on February 16 or later, you may apply it to future wages but do not refund any taxes already withheld. Irs tax form 1120 for 2012 Withholding income taxes on the wages of nonresident alien employees. Irs tax form 1120 for 2012   In general, you must withhold federal income taxes on the wages of nonresident alien employees. Irs tax form 1120 for 2012 However, see Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities, for exceptions to this general rule. Irs tax form 1120 for 2012 Also see section 3 of Publication 51 (Circular A), Agricultural Employer's Tax Guide, for guidance on H-2A visa workers. Irs tax form 1120 for 2012 Withholding adjustment for nonresident alien employees. Irs tax form 1120 for 2012   For 2014, apply the procedure discussed next to figure the amount of income tax to withhold from the wages of nonresident alien employees performing services within the United States. Irs tax form 1120 for 2012 Nonresident alien students from India and business apprentices from India are not subject to this procedure. Irs tax form 1120 for 2012 Instructions. Irs tax form 1120 for 2012   To figure how much income tax to withhold from the wages paid to a nonresident alien employee performing services in the United States, use the following steps. Irs tax form 1120 for 2012 Step 1. Irs tax form 1120 for 2012   Add to the wages paid to the nonresident alien employee for the payroll period the amount shown in the chart below for the applicable payroll period. Irs tax form 1120 for 2012    Amount to Add to Nonresident Alien Employee's Wages for Calculating Income Tax Withholding Only   Payroll Period Add Additional     Weekly $ 43. Irs tax form 1120 for 2012 30     Biweekly 86. Irs tax form 1120 for 2012 50     Semimonthly 93. Irs tax form 1120 for 2012 80     Monthly 187. Irs tax form 1120 for 2012 50     Quarterly 562. Irs tax form 1120 for 2012 50     Semiannually 1,125. Irs tax form 1120 for 2012 00     Annually 2,250. Irs tax form 1120 for 2012 00     Daily or Miscellaneous (each day of the payroll period) 8. Irs tax form 1120 for 2012 70   Step 2. Irs tax form 1120 for 2012   Use the amount figured in Step 1 and the number of withholding allowances claimed (generally limited to one allowance) to figure income tax withholding. Irs tax form 1120 for 2012 Determine the value of withholding allowances by multiplying the number of withholding allowances claimed by the appropriate amount from Table 5. Irs tax form 1120 for 2012 Percentage Method—2014 Amount for One Withholding Allowance shown on page 41. Irs tax form 1120 for 2012 If you are using the Percentage Method Tables for Income Tax Withholding, provided on pages 43–44, reduce the amount figured in Step 1 by the value of withholding allowances and use that reduced amount to figure the income tax withholding. Irs tax form 1120 for 2012 If you are using the Wage Bracket Method for Income Tax Withholding, provided on pages 45–64, use the amount figured in Step 1 and the number of withholding allowances to figure income tax withholding. Irs tax form 1120 for 2012 The amounts from the chart above are added to wages solely for calculating income tax withholding on the wages of the nonresident alien employee. Irs tax form 1120 for 2012 The amounts from the chart should not be included in any box on the employee's Form W-2 and do not increase the income tax liability of the employee. Irs tax form 1120 for 2012 Also, the amounts from the chart do not increase the social security tax or Medicare tax liability of the employer or the employee, or the FUTA tax liability of the employer. Irs tax form 1120 for 2012 This procedure only applies to nonresident alien employees who have wages subject to income tax withholding. Irs tax form 1120 for 2012 Example. Irs tax form 1120 for 2012 An employer using the percentage method of withholding pays wages of $500 for a biweekly payroll period to a married nonresident alien employee. Irs tax form 1120 for 2012 The nonresident alien has properly completed Form W-4, entering marital status as “single” with one withholding allowance and indicating status as a nonresident alien on Form W-4, line 6 (see Nonresident alien employee's Form W-4 , later in this section). Irs tax form 1120 for 2012 The employer determines the wages to be used in the withholding tables by adding to the $500 amount of wages paid the amount of $86. Irs tax form 1120 for 2012 50 from the chart under Step 1 ($586. Irs tax form 1120 for 2012 50 total). Irs tax form 1120 for 2012 The employer then applies the applicable tables to determine the income tax withholding for nonresident aliens (see Step 2 ). Irs tax form 1120 for 2012 Reminder: If you use the Percentage Method Tables for Income Tax Withholding, reduce the amount figured in Step 1 by the value of withholding allowances and use that reduced amount to figure income tax withholding. Irs tax form 1120 for 2012 The $86. Irs tax form 1120 for 2012 50 added to wages for calculating income tax withholding is not reported on Form W-2, and does not increase the income tax liability of the employee. Irs tax form 1120 for 2012 Also, the $86. Irs tax form 1120 for 2012 50 added to wages does not affect the social security tax or Medicare tax liability of the employer or the employee, or the FUTA tax liability of the employer. Irs tax form 1120 for 2012 Supplemental wage payment. Irs tax form 1120 for 2012   This procedure for determining the amount of income tax withholding does not apply to a supplemental wage payment (see section 7) if the 39. Irs tax form 1120 for 2012 6% mandatory flat rate withholding applies or if the 25% optional flat rate withholding is being used to calculate income tax withholding on the supplemental wage payment. Irs tax form 1120 for 2012 Nonresident alien employee's Form W-4. Irs tax form 1120 for 2012   When completing Forms W-4, nonresident aliens are required to: Not claim exemption from income tax withholding, Request withholding as if they are single, regardless of their actual marital status, Claim only one allowance (if the nonresident alien is a resident of Canada, Mexico, or South Korea, or a student or business apprentice from India, he or she may claim more than one allowance), and Write “Nonresident Alien” or “NRA” above the dotted line on line 6 of Form W-4. Irs tax form 1120 for 2012   If you maintain an electronic Form W-4 system, you should provide a field for nonresident aliens to enter nonresident alien status in lieu of writing “Nonresident Alien” or “NRA” above the dotted line on line 6. Irs tax form 1120 for 2012 A nonresident alien employee may request additional withholding at his or her option for other purposes, although such additions should not be necessary for withholding to cover federal income tax liability related to employment. Irs tax form 1120 for 2012 Form 8233. Irs tax form 1120 for 2012   If a nonresident alien employee claims a tax treaty exemption from withholding, the employee must submit Form 8233, Exemption From Withholding on Compensation for Independent (and Certain Dependent) Personal Services of a Nonresident Alien Individual, with respect to the income exempt under the treaty, instead of Form W-4. Irs tax form 1120 for 2012 See Publication 515 for details. Irs tax form 1120 for 2012 IRS review of requested Forms W-4. Irs tax form 1120 for 2012   When requested by the IRS, you must make original Forms W-4 available for inspection by an IRS employee. Irs tax form 1120 for 2012 You may also be directed to send certain Forms W-4 to the IRS. Irs tax form 1120 for 2012 You may receive a notice from the IRS requiring you to submit a copy of Form W-4 for one or more of your named employees. Irs tax form 1120 for 2012 Send the requested copy or copies of Form W-4 to the IRS at the address provided and in the manner directed by the notice. Irs tax form 1120 for 2012 The IRS may also require you to submit copies of Form W-4 to the IRS as directed by Treasury Decision 9337, 2007-35 I. Irs tax form 1120 for 2012 R. Irs tax form 1120 for 2012 B. Irs tax form 1120 for 2012 455, which is available at www. Irs tax form 1120 for 2012 irs. Irs tax form 1120 for 2012 gov/irb/2007-35_IRB/ar10. Irs tax form 1120 for 2012 html. Irs tax form 1120 for 2012 When we refer to Form W-4, the same rules apply to Formulario W-4(SP), its Spanish translation. Irs tax form 1120 for 2012 After submitting a copy of a requested Form W-4 to the IRS, continue to withhold federal income tax based on that Form W-4 if it is valid (see Invalid Forms W-4 , later in this section). Irs tax form 1120 for 2012 However, if the IRS later notifies you in writing the employee is not entitled to claim exemption from withholding or a claimed number of withholding allowances, withhold federal income tax based on the effective date, marital status, and maximum number of withholding allowances specified in the IRS notice (commonly referred to as a "lock-in letter