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Online Tax Extension

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Online Tax Extension

Online tax extension 9. Online tax extension   Dispositions of Property Used in Farming Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Section 1231 Gains and LossesNonrecaptured section 1231 losses. Online tax extension Depreciation RecaptureSection 1245 Property Section 1250 Property Installment Sale Other Dispositions Other GainsExceptions. Online tax extension Amount to report as ordinary income. Online tax extension Applicable percentage. Online tax extension Amount to report as ordinary income. Online tax extension Applicable percentage. Online tax extension Introduction When you dispose of property used in your farm business, your taxable gain or loss is usually treated as ordinary income (which is taxed at the same rates as wages and interest income) or capital gain (which is generally taxed at lower rates) under the rules for section 1231 transactions. Online tax extension When you dispose of depreciable property (section 1245 property or section 1250 property) at a gain, you may have to recognize all or part of the gain as ordinary income under the depreciation recapture rules. Online tax extension Any gain remaining after applying the depreciation recapture rules is a section 1231 gain, which may be taxed as a capital gain. Online tax extension Gains and losses from property used in farming are reported on Form 4797, Sales of Business Property. Online tax extension Table 9-1 contains examples of items reported on Form 4797 and refers to the part of that form on which they first should be reported. Online tax extension Topics - This chapter discusses: Section 1231 gains and losses Depreciation recapture Other gains Useful Items - You may want to see: Publication 544 Sales and Other Dispositions of Assets Form (and Instructions) 4797 Sales of Business Property See chapter 16 for information about getting publications and forms. Online tax extension Section 1231 Gains and Losses Section 1231 gains and losses are the taxable gains and losses from section 1231 transactions (explained below). Online tax extension Their treatment as ordinary or capital gains depends on whether you have a net gain or a net loss from all of your section 1231 transactions in the tax year. Online tax extension Table 9-1. Online tax extension Where to First Report Certain Items on Form 4797 Type of property Held 1 year  or less Held more than  1 year 1 Depreciable trade or business property:       a Sold or exchanged at a gain Part II Part III (1245, 1250)   b Sold or exchanged at a loss Part II Part I 2 Farmland held less than 10 years for which soil, water, or land clearing expenses were deducted:       a Sold at a gain Part II Part III (1252)   b Sold at a loss Part II Part I 3 All other farmland Part II Part I 4 Disposition of cost-sharing payment property described in section 126 Part II Part III (1255) 5 Cattle and horses used in a trade or business for draft, breeding, dairy, or sporting purposes: Held less  than 24 mos. Online tax extension Held 24 mos. Online tax extension  or more   a Sold at a gain Part II Part III (1245)   b Sold at a loss Part II Part I   c Raised cattle and horses sold at a gain Part II Part I 6 Livestock other than cattle and horses used in a trade or business for draft, breeding, dairy, or sporting purposes: Held less  than 12 mos. Online tax extension Held 12 mos. Online tax extension   or more   a Sold at a gain Part II Part III (1245)   b Sold at a loss Part II Part I   c Raised livestock sold at a gain Part II Part I If you have a gain from a section 1231 transaction, first determine whether any of the gain is ordinary income under the depreciation recapture rules (explained later). Online tax extension Do not take that gain into account as section 1231 gain. Online tax extension Section 1231 transactions. Online tax extension   Gain or loss on the following transactions is subject to section 1231 treatment. Online tax extension Sale or exchange of cattle and horses. Online tax extension The cattle and horses must be held for draft, breeding, dairy, or sporting purposes and held for 24 months or longer. Online tax extension Sale or exchange of other livestock. Online tax extension This livestock must be held for draft, breeding, dairy, or sporting purposes and held for 12 months or longer. Online tax extension Other livestock includes hogs, mules, sheep, goats, donkeys, and other fur-bearing animals. Online tax extension Other livestock does not include poultry. Online tax extension Sale or exchange of depreciable personal property. Online tax extension This property must be used in your business and held longer than 1 year. Online tax extension Generally, property held for the production of rents or royalties is considered to be used in a trade or business. Online tax extension Examples of depreciable personal property include farm machinery and trucks. Online tax extension It also includes amortizable section 197 intangibles. Online tax extension Sale or exchange of real estate. Online tax extension This property must be used in your business and held longer than 1 year. Online tax extension Examples are your farm or ranch (including barns and sheds). Online tax extension Sale or exchange of unharvested crops. Online tax extension The crop and land must be sold, exchanged, or involuntarily converted at the same time and to the same person, and the land must have been held longer than 1 year. Online tax extension You cannot keep any right or option to reacquire the land directly or indirectly (other than a right customarily incident to a mortgage or other security transaction). Online tax extension Growing crops sold with a leasehold on the land, even if sold to the same person in a single transaction, are not included. Online tax extension Distributive share of partnership gains and losses. Online tax extension Your distributive share must be from the sale or exchange of property listed above and held longer than 1 year (or for the required period for certain livestock). Online tax extension Cutting or disposal of timber. Online tax extension Special rules apply if you owned the timber longer than 1 year and elect to treat timber cutting as a sale or exchange, or you enter into a cutting contract, as described in chapter 8 under Timber . Online tax extension Condemnation. Online tax extension The condemned property (defined in chapter 11) must have been held longer than 1 year. Online tax extension It must be business property or a capital asset held in connection with a trade or business or a transaction entered into for profit, such as investment property. Online tax extension It cannot be property held for personal use. Online tax extension Casualty or theft. Online tax extension The casualty or theft must have affected business property, property held for the production of rents or royalties, or investment property (such as notes and bonds). Online tax extension You must have held the property longer than 1 year. Online tax extension However, if your casualty or theft losses are more than your casualty or theft gains, neither the gains nor the losses are taken into account in the section 1231 computation. Online tax extension Section 1231 does not apply to personal casualty gains and losses. Online tax extension See chapter 11 for information on how to treat those gains and losses. Online tax extension If the property is not held for the required holding period, the transaction is not subject to section 1231 treatment, and any gain or loss is ordinary income reported in Part II of Form 4797. Online tax extension See Table 9-1. Online tax extension Property for sale to customers. Online tax extension   A sale, exchange, or involuntary conversion of property held mainly for sale to customers is not a section 1231 transaction. Online tax extension If you will get back all, or nearly all, of your investment in the property by selling it rather than by using it up in your business, it is property held mainly for sale to customers. Online tax extension Treatment as ordinary or capital. Online tax extension   To determine the treatment of section 1231 gains and losses, combine all of your section 1231 gains and losses for the year. Online tax extension If you have a net section 1231 loss, it is an ordinary loss. Online tax extension If you have a net section 1231 gain, it is ordinary income up to your nonrecaptured section 1231 losses from previous years, explained next. Online tax extension The rest, if any, is long-term capital gain. Online tax extension Nonrecaptured section 1231 losses. Online tax extension   Your nonrecaptured section 1231 losses are your net section 1231 losses for the previous 5 years that have not been applied against a net section 1231 gain by treating the gain as ordinary income. Online tax extension These losses are applied against your net section 1231 gain beginning with the earliest loss in the 5-year period. Online tax extension Example. Online tax extension In 2013, Ben has a $2,000 net section 1231 gain. Online tax extension To figure how much he has to report as ordinary income and long-term capital gain, he must first determine his section 1231 gains and losses from the previous 5-year period. Online tax extension From 2008 through 2012 he had the following section 1231 gains and losses. Online tax extension Year Amount 2008 -0- 2009 -0- 2010 ($2,500) 2011 -0- 2012 $1,800   Ben uses this information to figure how to report his net section 1231 gain for 2013 as shown below. Online tax extension 1) Net section 1231 gain (2013) $2,000 2) Net section 1231 loss (2010) ($2,500)   3) Net section 1231 gain (2012) 1,800   4) Remaining net section 1231 loss from prior 5 years ($700)   5) Gain treated as  ordinary income $700 6) Gain treated as long-term  capital gain $1,300 His remaining net section 1231 loss from 2010 is completely recaptured in 2013. Online tax extension Depreciation Recapture If you dispose of depreciable or amortizable property at a gain, you may have to treat all or part of the gain (even if it is otherwise nontaxable) as ordinary income. Online tax extension To figure any gain that must be reported as ordinary income, you must keep permanent records of the facts necessary to figure the depreciation or amortization allowed or allowable on your property. Online tax extension For more information, see chapter 3 of Publication 544. Online tax extension Section 1245 Property A gain on the disposition of section 1245 property is treated as ordinary income to the extent of depreciation allowed or allowable. Online tax extension Any recognized gain that is more than the part that is ordinary income is a section 1231 gain. Online tax extension See Treatment as ordinary or capital under Section 1231 Gains and Losses , earlier. Online tax extension Section 1245 property includes any property that is or has been subject to an allowance for depreciation or amortization and that is any of the following types of property. Online tax extension Personal property (either tangible or intangible). Online tax extension Other tangible property (except buildings and their structural components) used as any of the following. Online tax extension See Buildings and structural components below. Online tax extension An integral part of manufacturing, production, or extraction, or of furnishing certain services. Online tax extension A research facility in any of the activities in (a). Online tax extension A facility in any of the activities in (a) above, for the bulk storage of fungible commodities (discussed later). Online tax extension That part of real property (not included in (2)) with an adjusted basis reduced by (but not limited to) the following. Online tax extension Amortization of certified pollution control facilities. Online tax extension The section 179 expense deduction. Online tax extension Deduction for clean-fuel vehicles and certain refueling property. Online tax extension Expenditures to remove architectural and transportation barriers to the handicapped and elderly. Online tax extension Certain reforestation expenditures (as described under Reforestation Costs in chapter 7. Online tax extension Single purpose agricultural (livestock) or horticultural structures. Online tax extension Storage facilities (except buildings and their structural components) used in distributing petroleum or any primary product of petroleum. Online tax extension Buildings and structural components. Online tax extension   Section 1245 property does not include buildings and structural components. Online tax extension The term building includes a house, barn, warehouse, or garage. Online tax extension The term structural component includes walls, floors, windows, doors, central air conditioning systems, light fixtures, etc. Online tax extension   Do not treat a structure that is essentially machinery or equipment as a building or structural component. Online tax extension Also, do not treat a structure that houses property used as an integral part of an activity as a building or structural component if the structure's use is so closely related to the property's use that the structure can be expected to be replaced when the property it initially houses is replaced. Online tax extension   The fact that the structure is specially designed to withstand the stress and other demands of the property and cannot be used economically for other purposes indicates it is closely related to the use of the property it houses. Online tax extension Structures such as oil and gas storage tanks, grain storage bins, and silos are not treated as buildings, but as section 1245 property. Online tax extension Facility for bulk storage of fungible commodities. Online tax extension   This is a facility used mainly for the bulk storage of fungible commodities. Online tax extension Bulk storage means storage of a commodity in a large mass before it is used. Online tax extension For example, if a facility is used to store oranges that have been sorted and boxed, it is not used for bulk storage. Online tax extension To be fungible, a commodity must be such that one part may be used in place of another. Online tax extension Gain Treated as Ordinary Income The gain treated as ordinary income on the sale, exchange, or involuntary conversion of section 1245 property, including a sale and leaseback transaction, is the lesser of the following amounts. Online tax extension The depreciation (which includes any section 179 deduction claimed) and amortization allowed or allowable on the property. Online tax extension The gain realized on the disposition (the amount realized from the disposition minus the adjusted basis of the property). Online tax extension For any other disposition of section 1245 property, ordinary income is the lesser of (1) above or the amount by which its fair market value (FMV) is more than its adjusted basis. Online tax extension For details, see chapter 3 of Publication 544. Online tax extension Use Part III of Form 4797 to figure the ordinary income part of the gain. Online tax extension Depreciation claimed on other property or claimed by other taxpayers. Online tax extension   Depreciation and amortization include the amounts you claimed on the section 1245 property as well as the following depreciation and amortization amounts. Online tax extension Amounts you claimed on property you exchanged for, or converted to, your section 1245 property in a like-kind exchange or involuntary conversion. Online tax extension For details on exchanges of property that are not taxable, see Like-Kind Exchanges in chapter 8. Online tax extension Amounts a previous owner of the section 1245 property claimed if your basis is determined with reference to that person's adjusted basis (for example, the donor's depreciation deductions on property you received as a gift and part of the transfer is a sale or exchange). Online tax extension Example. Online tax extension Jeff Free paid $120,000 for a tractor in 2012. Online tax extension On February 23, 2013, he traded it for a chopper and paid an additional $30,000. Online tax extension To figure his depreciation deduction on the chopper for the current year, Jeff continues to use the basis of the tractor as he would have before the trade. Online tax extension Jeff can also depreciate the additional $30,000 for the chopper. Online tax extension Depreciation and amortization. Online tax extension   Depreciation and amortization deductions that must be recaptured as ordinary income include (but are not limited to) the following items. Online tax extension See Depreciation Recapture in chapter 3 of Publication 544 for more details. Online tax extension Ordinary depreciation deductions. Online tax extension Section 179 deduction (see chapter 7). Online tax extension Any special depreciation allowance. Online tax extension Amortization deductions for all the following costs. Online tax extension Acquiring a lease. Online tax extension Lessee improvements. Online tax extension Pollution control facilities. Online tax extension Reforestation expenses. Online tax extension Section 197 intangibles. Online tax extension Qualified disaster expenses. Online tax extension Franchises, trademarks, and trade names acquired before August 11, 1993. Online tax extension Example. Online tax extension You file your returns on a calendar year basis. Online tax extension In February 2011, you bought and placed in service for 100% use in your farming business a light-duty truck (5-year property) that cost $10,000. Online tax extension You used the half-year convention and your MACRS deductions for the truck were $1,500 in 2011 and $2,550 in 2012. Online tax extension You did not claim the section 179 expense deduction for the truck. Online tax extension You sold it in May 2013 for $7,000. Online tax extension The MACRS deduction in 2013, the year of sale, is $893 (½ of $1,785). Online tax extension Figure the gain treated as ordinary income as follows. Online tax extension 1) Amount realized $7,000 2) Cost (February 2011) $10,000   3) Depreciation allowed or allowable (MACRS deductions: $1,500 + $2,550 + $893) 4,943   4) Adjusted basis (subtract line 3 from line 2) $5,057 5) Gain realized (subtract line 4 from line 1) 1,943 6) Gain treated as ordinary income (lesser of line 3 or line 5) $1,943 Depreciation allowed or allowable. Online tax extension   You generally use the greater of the depreciation allowed or allowable when figuring the part of gain to report as ordinary income. Online tax extension If, in prior years, you have consistently taken proper deductions under one method, the amount allowed for your prior years will not be increased even though a greater amount would have been allowed under another proper method. Online tax extension If you did not take any deduction at all for depreciation, your adjustments to basis for depreciation allowable are figured by using the straight line method. Online tax extension This treatment applies only when figuring what part of the gain is treated as ordinary income under the rules for section 1245 depreciation recapture. Online tax extension Disposition of plants and animals. Online tax extension   If you elect not to use the uniform capitalization rules (see chapter 6), you must treat any plant you produce as section 1245 property. Online tax extension If you have a gain on the property's disposition, you must recapture the pre-productive expenses you would have capitalized if you had not made the election by treating the gain, up to the amount of these expenses, as ordinary income. Online tax extension For section 1231 transactions, show these expenses as depreciation on Form 4797, Part III, line 22. Online tax extension For plant sales that are reported on Schedule F (1040), Profit or Loss From Farming, this recapture rule does not change the reporting of income because the gain is already ordinary income. Online tax extension You can use the farm-price method or the unit-livestock-price method discussed in  chapter 2 to figure these expenses. Online tax extension Example. Online tax extension Janet Maple sold her apple orchard in 2013 for $80,000. Online tax extension Her adjusted basis at the time of sale was $60,000. Online tax extension She bought the orchard in 2006, but the trees did not produce a crop until 2009. Online tax extension Her pre-productive expenses were $6,000. Online tax extension She elected not to use the uniform capitalization rules. Online tax extension Janet must treat $6,000 of the gain as ordinary income. Online tax extension Section 1250 Property Section 1250 property includes all real property subject to an allowance for depreciation that is not and never has been section 1245 property. Online tax extension It includes buildings and structural components that are not section 1245 property (discussed earlier). Online tax extension It includes a leasehold of land or section 1250 property subject to an allowance for depreciation. Online tax extension A fee simple interest in land is not section 1250 property because, like land, it is not depreciable. Online tax extension Gain on the disposition of section 1250 property is treated as ordinary income to the extent of additional depreciation allowed or allowable. Online tax extension To determine the additional depreciation on section 1250 property, see Depreciation Recapture in chapter 3 of Publication 544. Online tax extension You will not have additional depreciation if any of the following apply to the property disposed of. Online tax extension You figured depreciation for the property using the straight line method or any other method that does not result in depreciation that is more than the amount figured by the straight line method and you have held the property longer than 1 year. Online tax extension You chose the alternate ACRS (straight line) method for the property, which was a type of 15-, 18-, or 19-year real property covered by the section 1250 rules. Online tax extension The property was nonresidential real property placed in service after 1986 (or after July 31, 1986, if the choice to use MACRS was made) and you held it longer than 1 year. Online tax extension These properties are depreciated using the straight line method. Online tax extension Installment Sale If you report the sale of property under the installment method, any depreciation recapture under section 1245 or 1250 is taxable as ordinary income in the year of sale. Online tax extension This applies even if no payments are received in that year. Online tax extension If the gain is more than the depreciation recapture income, report the rest of the gain using the rules of the installment method. Online tax extension For this purpose, include the recapture income in your installment sale basis to determine your gross profit on the installment sale. Online tax extension If you dispose of more than one asset in a single transaction, you must separately figure the gain on each asset so that it may be properly reported. Online tax extension To do this, allocate the selling price and the payments you receive in the year of sale to each asset. Online tax extension Report any depreciation recapture income in the year of sale before using the installment method for any remaining gain. Online tax extension For more information on installment sales, see chapter 10. Online tax extension Other Dispositions Chapter 3 of Publication 544 discusses the tax treatment of the following transfers of depreciable property. Online tax extension By gift. Online tax extension At death. Online tax extension In like-kind exchanges. Online tax extension In involuntary conversions. Online tax extension Publication 544 also explains how to handle a single transaction involving multiple properties. Online tax extension Other Gains This section discusses gain on the disposition of farmland for which you were allowed either of the following. Online tax extension Deductions for soil and water conservation expenditures (section 1252 property). Online tax extension Exclusions from income for certain cost sharing payments (section 1255 property). Online tax extension Section 1252 property. Online tax extension   If you disposed of farmland you held more than 1 year and less than 10 years at a gain and you were allowed deductions for soil and water conservation expenses for the land, as discussed in chapter 5, you must treat part of the gain as ordinary income and treat the balance as section 1231 gain. Online tax extension Exceptions. Online tax extension   Do not treat gain on the following transactions as gain on section 1252 property. Online tax extension Disposition of farmland by gift. Online tax extension Transfer of farm property at death (except for income in respect of a decedent). Online tax extension For more information, see Regulations section 1. Online tax extension 1252-2. Online tax extension Amount to report as ordinary income. Online tax extension   You report as ordinary income the lesser of the following amounts. Online tax extension Your gain (determined by subtracting the adjusted basis from the amount realized from a sale, exchange, or involuntary conversion, or the FMV for all other dispositions). Online tax extension The total deductions allowed for soil and water conservation expenses multiplied by the applicable percentage, discussed next. Online tax extension Applicable percentage. Online tax extension   The applicable percentage is based on the length of time you held the land. Online tax extension If you dispose of your farmland within 5 years after the date you acquired it, the percentage is 100%. Online tax extension If you dispose of the land within the 6th through 9th year after you acquired it, the applicable percentage is reduced by 20% a year for each year or part of a year you hold the land after the 5th year. Online tax extension If you dispose of the land 10 or more years after you acquired it, the percentage is 0%, and the entire gain is a section 1231 gain. Online tax extension Example. Online tax extension You acquired farmland on January 19, 2005. Online tax extension On October 3, 2013, you sold the land at a $30,000 gain. Online tax extension Between January 1 and October 3, 2013, you incur soil and water conservation expenditures of $15,000 for the land that are fully deductible in 2013. Online tax extension The applicable percentage is 40% since you sold the land within the 8th year after you acquired it. Online tax extension You treat $6,000 (40% of $15,000) of the $30,000 gain as ordinary income and the $24,000 balance as a section 1231 gain. Online tax extension Section 1255 property. Online tax extension   If you receive certain cost-sharing payments on property and you exclude those payments from income (as discussed in chapter 3), you may have to treat part of any gain as ordinary income and treat the balance as a section 1231 gain. Online tax extension If you chose not to exclude these payments, you will not have to recognize ordinary income under this provision. Online tax extension Amount to report as ordinary income. Online tax extension   You report as ordinary income the lesser of the following amounts. Online tax extension The applicable percentage of the total excluded cost-sharing payments. Online tax extension The gain on the disposition of the property. Online tax extension You do not report ordinary income under this rule to the extent the gain is recognized as ordinary income under sections 1231 through 1254, 1256, and 1257. Online tax extension However, if applicable, gain reported under this rule must be reported regardless of any contrary provisions (including nonrecognition provisions) under any other section. Online tax extension Applicable percentage. Online tax extension   The applicable percentage of the excluded cost-sharing payments to be reported as ordinary income is based on the length of time you hold the property after receiving the payments. Online tax extension If the property is held less than 10 years after you receive the payments, the percentage is 100%. Online tax extension After 10 years, the percentage is reduced by 10% a year, or part of a year, until the rate is 0%. Online tax extension Form 4797, Part III. Online tax extension   Use Form 4797, Part III, to figure the ordinary income part of a gain from the sale, exchange, or involuntary conversion of section 1252 property and section 1255 property. Online tax extension Prev  Up  Next   Home   More Online Publications
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The Online Tax Extension

Online tax extension Publication 51 - Introductory Material Table of Contents Future Developments What's New Reminders Calendar Introduction Useful Items - You may want to see: Future Developments For the latest information about developments related to Publication 51 (Circular A), such as legislation enacted after it was published, go to www. Online tax extension irs. Online tax extension gov/pub51. Online tax extension What's New Social security and Medicare tax for 2014. Online tax extension  The social security tax rate is 6. Online tax extension 2% each for the employee and employer, unchanged from 2013. Online tax extension The social security wage base limit is $117,000. Online tax extension The Medicare tax rate is 1. Online tax extension 45% each for the employee and employer, unchanged from 2013. Online tax extension There is no wage base limit for Medicare tax. Online tax extension Social security and Medicare taxes apply to the wages of household workers you pay $1,900 or more in cash or an equivalent form of compensation. Online tax extension Withholding allowance. Online tax extension  The 2014 amount for one withholding allowance on an annual basis is $3,950. Online tax extension Change of responsible party. Online tax extension  Beginning January 1, 2014, any entity with an employer identification number (EIN) must file Form 8822-B, Change of Address or Responsible Party—Business, to report the latest change to its responsible party. Online tax extension Form 8822-B must be filed within 60 days of the change. Online tax extension If the change in the identity of your responsible party occurred before 2014, and you have not previously notified the IRS of the change, file Form 8822-B before March 1, 2014, reporting only the most recent change. Online tax extension For a definition of "responsible party", see the Form 8822-B instructions. Online tax extension Same-sex marriage. Online tax extension  For federal tax purposes, individuals of the same sex are considered married if they were lawfully married in a state (or foreign country) whose laws authorize the marriage of two individuals of the same sex, even if the state (or foreign country) in which they now live does not recognize same-sex marriage. Online tax extension For more information, see Revenue Ruling 2013-17, 2013-38 I. Online tax extension R. Online tax extension B. Online tax extension 201, available at www. Online tax extension irs. Online tax extension gov/irb/2013-38_IRB/ar07. Online tax extension html. Online tax extension Notice 2013-61 provides special administrative procedures for employers to make claims for refund or adjustments of overpayments of social security and Medicare taxes with respect to certain same-sex spouse benefits before expiration of the period of limitations. Online tax extension Notice 2013-61, 2013-44 I. Online tax extension R. Online tax extension B. Online tax extension 432, is available at www. Online tax extension irs. Online tax extension gov/irb/2013-44_IRB/ar10. Online tax extension html. Online tax extension Reminders Additional Medicare Tax withholding. Online tax extension  In addition to withholding Medicare tax at 1. Online tax extension 45%, you must withhold a 0. Online tax extension 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Online tax extension You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. Online tax extension Additional Medicare Tax is only imposed on the employee. Online tax extension There is no employer share of Additional Medicare Tax. Online tax extension All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. Online tax extension For more information on what wages are subject to Medicare tax, see the chart, Special Rules for Various Types of Services and Payments, in section 15 of Publication 15 (Circular E), Employer's Tax Guide. Online tax extension For more information on Additional Medicare Tax, visit IRS. Online tax extension gov and enter “Additional Medicare Tax” in the search box. Online tax extension Work opportunity tax credit for qualified tax-exempt organizations hiring qualified veterans. Online tax extension  The work opportunity tax credit is available for eligible unemployed veterans who begin work on or after November 22, 2011, and before January 1, 2014. Online tax extension Qualified tax-exempt organizations that hire eligible unemployed veterans can claim the work opportunity tax credit against their payroll tax liability using Form 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans. Online tax extension For more information, visit IRS. Online tax extension gov and enter “work opportunity tax credit” in the search box. Online tax extension Outsourcing payroll duties. Online tax extension  Employers are responsible to ensure that tax returns are filed and deposits and payments are made, even if the employer contracts with a third party to perform these acts. Online tax extension The employer remains responsible if the third party fails to perform any required action. Online tax extension If you choose to outsource any of your payroll and related tax duties (that is, withholding, reporting, and paying over social security, Medicare, FUTA, and income taxes) to a third-party payer such as a payroll service provider or reporting agent, visit IRS. Online tax extension gov and enter “outsourcing payroll duties” in the search box for helpful information on this topic. Online tax extension COBRA premium assistance credit. Online tax extension  The credit for COBRA premium assistance payments applies to premiums paid for employees involuntarily terminated between September 1, 2008, and May 31, 2010, and to premiums paid for up to 15 months. Online tax extension For more information, see COBRA premium assistance credit under Introduction. Online tax extension Compensation paid to H-2A foreign agricultural workers. Online tax extension  Report compensation of $600 or more paid to foreign agricultural workers who entered the country on H-2A visas in box 1 of Form W-2, Wage and Tax Statement. Online tax extension Compensation paid to H-2A workers for agricultural labor performed in connection with this visa is not subject to social security and Medicare taxes, and therefore should not be reported as wages subject to social security tax (line 2), Medicare tax (line 4), or Additional Medicare Tax withholding (line 6) on Form 943, Employer's Annual Federal Tax Return for Agricultural Employees, and should not be reported as social security wages (box 3) or Medicare wages (box 5) on Form W-2. Online tax extension On Form W-2, do not check box 13 (Statutory employee), as H-2A workers are not statutory employees. Online tax extension An employer is not required to withhold federal income tax from compensation it pays an H-2A worker for agricultural labor performed in connection with this visa unless the worker asks for withholding and the employer agrees. Online tax extension In that case, the worker must give the employer a completed Form W-4, Employee's Withholding Allowance Certificate. Online tax extension Federal income tax withheld should be reported on Form 943, line 8, and in box 2 of Form W-2. Online tax extension These reporting rules apply when the H-2A worker provides his or her taxpayer identification number (TIN) to the employer. Online tax extension For the rules relating to backup withholding and reporting when the H-2A worker does not provide a TIN, see the Instructions for Form 1099-MISC and the Instructions for Form 945. Online tax extension Additional employment tax information. Online tax extension  Visit the IRS website at www. Online tax extension irs. Online tax extension gov/businesses and click on Employment Taxes under Businesses Topics. Online tax extension For employment tax information by telephone, 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) Monday–Friday from 7:00 a. Online tax extension m. Online tax extension –7:00 p. Online tax extension m. Online tax extension local time (Alaska and Hawaii follow Pacific time). Online tax extension Additionally, you can call IRS TeleTax at 1-800-829-4477 for recorded information by topic. Online tax extension Disregarded entities and qualified subchapter S subsidiaries (QSubs). Online tax extension  Eligible single-owner disregarded entities and QSubs are treated as separate entities for employment tax purposes. Online tax extension Eligible single-member entities that have not elected to be taxed as corporations must report and pay employment taxes on wages paid to their employees using the entities' own names and EINs. Online tax extension See Regulations sections 1. Online tax extension 1361-4(a)(7) and 301. Online tax extension 7701-2(c)(2)(iv). Online tax extension Differential wage payments. Online tax extension  Qualified differential wage payments made by employers to individuals serving in the Armed Forces after 2008 are subject to income tax withholding but not social security, Medicare, or FUTA taxes. Online tax extension For more information, see Publication 15 (Circular E). Online tax extension Federal tax deposits must be made by electronic funds transfer. Online tax extension  You must use electronic funds transfer to make all federal tax deposits. Online tax extension Generally, electronic fund transfers are made using the Electronic Federal Tax Payment System (EFTPS). Online tax extension If you do not want to use EFTPS, you can arrange for your tax professional, financial institution, payroll service, or other trusted third party to make electronic deposits on your behalf. Online tax extension Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. Online tax extension EFTPS is a free service provided by the Department of Treasury. Online tax extension Services provided by your tax professional, financial institution, payroll service, or other third party may have a fee. Online tax extension For more information on making federal tax deposits, see How To Deposit in section 7. Online tax extension To get more information about EFTPS or to enroll in EFTPS, visit www. Online tax extension eftps. Online tax extension gov or call 1-800-555-4477 or 1-800-733-4829 (TDD). Online tax extension Additional information about EFTPS is also available in Publication 966, Electronic Federal Tax Payment System: A Guide To Getting Started. Online tax extension Electronic filing and payment. Online tax extension  Now, more than ever before, businesses can enjoy the benefits of filing tax returns and paying their taxes electronically. Online tax extension Whether you rely on a tax professional or handle your own taxes, the IRS offers you convenient programs to make it easier. Online tax extension Spend less time and worry on taxes and more time running your business. Online tax extension Use e-file and the Electronic Federal Tax Payment System (EFTPS) to your benefit. Online tax extension For e-file, visit the IRS website at www. Online tax extension irs. Online tax extension gov/efile for additional information. Online tax extension For EFTPS, visit www. Online tax extension eftps. Online tax extension gov or call EFTPS Customer Service at 1-800-555-4477 (business), 1-800-316-6541 (individual), or 1-800-733-4829 (TDD) for additional information. Online tax extension For electronic filing of Form W-2, visit www. Online tax extension socialsecurity. Online tax extension gov/employer. Online tax extension If you are filing your tax return or paying your federal taxes electronically, a valid EIN is required. Online tax extension If a valid EIN is not provided, the return or payment will not be processed. Online tax extension This may result in penalties and delays in processing your return or payment. Online tax extension Electronic funds withdrawal (EFW). Online tax extension  If you file Form 943 electronically, you can e-file and e-pay (electronic funds withdrawal) the balance due in a single step using tax preparation software or through a tax professional. Online tax extension However, do not use EFW to make federal tax deposits. Online tax extension For more information on paying your taxes using EFW, visit the IRS website at www. Online tax extension irs. Online tax extension gov/e-pay. Online tax extension A fee may be charged to file electronically. Online tax extension Credit or debit card payments. Online tax extension   Employers can pay the balance due shown on Form 943 by credit or debit card. Online tax extension Do not use a credit or debit card to make federal tax deposits. Online tax extension For more information on paying your taxes with a credit or debit card, visit the IRS website at www. Online tax extension irs. Online tax extension gov/e-pay. Online tax extension When you hire a new employee. Online tax extension  Ask each new employee to complete the 2014 Form W-4 or its Spanish version, Formulario W-4(SP), Certificado de Exención de Retenciones del Empleado. Online tax extension Also, ask the employee to show you his or her social security card so that you can record the employee's name and social security number accurately. Online tax extension If the employee has lost the card or recently changed names, have the employee apply for a duplicate or corrected card. Online tax extension If the employee does not have a card, have the employee apply for one on Form SS-5, Application for a Social Security Card. Online tax extension See section 1 for more information. Online tax extension Eligibility for employment. Online tax extension  You must verify that each new employee is legally eligible to work in the United States. Online tax extension This includes completing the U. Online tax extension S. Online tax extension Citizenship and Immigration Services (USCIS) Form I-9, Employment Eligibility Verification. Online tax extension You can get the form from USCIS offices or by calling 1-800-870-3676. Online tax extension Contact the USCIS at 1-800-375-5283, or visit the USCIS website at www. Online tax extension uscis. Online tax extension gov for more information. Online tax extension New hire reporting. Online tax extension   You are required to report any new employee to a designated state new-hire registry. Online tax extension A new employee is an employee who has not previously been employed by you or was previously employed by you but has been separated from such prior employment for at least 60 consecutive days. Online tax extension Many states accept a copy of Form W-4 with employer information added. Online tax extension Visit the Office of Child Support Enforcement's website at www. Online tax extension acf. Online tax extension hhs. Online tax extension gov/programs/cse/newhire for more information. Online tax extension Dishonored payments. Online tax extension  Any form of payment that is dishonored and returned from a financial institution is subject to a penalty. Online tax extension The penalty is $25 or 2% of the payment, whichever is more. Online tax extension However, the penalty on dishonored payments of $24. Online tax extension 99 or less is an amount equal to the payment. Online tax extension For example, a dishonored payment of $18 is charged a penalty of $18. Online tax extension Forms in Spanish. Online tax extension  You can provide Formulario W-4(SP) in place of Form W-4 to your Spanish-speaking employees. Online tax extension For more information, see Publicación 17(SP), El Impuesto Federal sobre los Ingresos (Para Personas Físicas). Online tax extension For nonemployees, Formulario W-9(SP), Solicitud y Certificación del Número de Identificación del Contribuyente, may be used in place of Form W-9, Request for Taxpayer Identification Number and Certification. Online tax extension References in this publication to Form W-4 or Form W-9 also apply to their equivalent Spanish translations—Formulario W-4(SP) or Formulario W-9(SP). Online tax extension Information returns. Online tax extension  You may be required to file information returns to report certain types of payments made during the year. Online tax extension For example, you must file Form 1099-MISC, Miscellaneous Income, to report payments of $600 or more to persons not treated as employees (for example, independent contractors) for services performed for your trade or business. Online tax extension For details about filing Forms 1099 and for information about required electronic filing, see the General Instructions for Certain Information Returns for general information and the separate, specific instructions for each information return that you file (for example, Instructions for Form 1099-MISC). Online tax extension Generally, do not use Forms 1099 to report wages or other compensation that you paid to employees; report these amounts on Form W-2. Online tax extension See the General Instructions for Forms W-2 and W-3 for details about filing Forms W-2 and for information about required electronic filing. Online tax extension If you file 250 or more Forms W-2, you must file them electronically. Online tax extension SSA will not accept Forms W-2 and W-3 filed on any magnetic media. Online tax extension Information reporting customer service site. Online tax extension  The IRS operates the Enterprise Computing Center—Martinsburg, a centralized customer service site, to answer questions about reporting on Forms W-2, W-3, 1099, and other information returns. Online tax extension If you have questions related to reporting on information returns, you may call 1-866-455-7438 (toll free), 304-263-8700 (toll call), or 304-267-3367 (TDD/TTY for persons who are deaf, heard of hearing, or have a speech disability). Online tax extension The call site can also be reached by email at mccirp@irs. Online tax extension gov. Online tax extension Do not include tax identification numbers (TINs) or attachments in email correspondence because electronic mail is not secure. Online tax extension Web-based application for an employer identification number (EIN). Online tax extension  You can apply for an employer identification number (EIN) online by visiting IRS. Online tax extension gov and clicking on the Apply for an EIN Online link under Tools. Online tax extension When a crew leader furnishes workers to you. Online tax extension  Record the crew leader's name, address, and EIN. Online tax extension See sections 2 and 10. Online tax extension Change of address. Online tax extension  Use Form 8822-B to notify the IRS of an address change. Online tax extension Do not mail form 8822-B with your employment tax return. Online tax extension Ordering forms and publications. Online tax extension  You can order your 2013 and 2014 employment tax and information return forms, instructions, and publications online at www. Online tax extension irs. Online tax extension gov/businesses. Online tax extension Click on the Online Ordering for Information Returns and Employer Returns. Online tax extension You can also visit www. Online tax extension irs. Online tax extension gov/formspubs to download other forms and publications. Online tax extension Instead of ordering paper Forms W-2 and W-3, consider filing them electronically using the Social Security Administration's (SSA) free e-file service. Online tax extension Visit the SSA's Employer W-2 Filing Instructions & Information website at  www. Online tax extension socialsecurity. Online tax extension gov/employer, to register for Business Services Online. Online tax extension You will be able to create and file “fill-in” versions of Forms W-2 with SSA and can print out completed copies of Forms W-2 for filing with state and local governments, distribution to your employees, and for your records. Online tax extension Form W-3 will be created for you based on your Forms W-2. Online tax extension Tax Questions. Online tax extension   If you have a tax question, check the information available on IRS. Online tax extension gov or call 1-800-829-4933 (businesses), 1-800-829-1040 (individuals), or 1-800-829-4059 (TDD/TTY for persons who are deaf, hard of hearing, or have a speech disability) Monday–Friday from 7:00 a. Online tax extension m. Online tax extension –7:00 p. Online tax extension m. Online tax extension local time (Alaska and Hawaii follow Pacific time). Online tax extension We cannot answer tax questions sent to the address provided later for comments and suggestions. Online tax extension Recordkeeping. Online tax extension  Keep all records of employment taxes for at least 4 years. Online tax extension These should be available for IRS review. Online tax extension Your records should include the following information. Online tax extension Your employer identification number (EIN). Online tax extension Amounts and dates of all wage, annuity, and pension payments. Online tax extension Names, addresses, social security numbers, and occupations of employees and recipients. Online tax extension Any employee copies of Forms W-2 and W-2c returned to you as undeliverable. Online tax extension Dates of employment for each employee. Online tax extension Periods for which employees and recipients were paid while absent due to sickness or injury and the amount and weekly rate of payments you or third-party payers made to them. Online tax extension Copies of employees' and recipients' income tax withholding allowance certificates (Forms W-4, W-4(SP), W-4P, and W-4S). Online tax extension Dates and amounts of tax deposits you made and acknowledgment numbers for deposits made by EFTPS. Online tax extension Copies of returns filed and confirmation numbers. Online tax extension Records of fringe benefits and expense reimbursements provided to your employees, including substantiation. Online tax extension If a crew leader furnished you with farmworkers, you must keep a record of the name, permanent mailing address, and EIN of the crew leader. Online tax extension If the crew leader has no permanent mailing address, record his or her present address. Online tax extension Private delivery services. Online tax extension  You can use certain private delivery services designated by the IRS to send tax returns and payments. Online tax extension The list includes only the following. Online tax extension DHL Express (DHL): DHL Same Day Service. Online tax extension Federal Express (FedEx): FedEx Priority Overnight, FedEx Standard Overnight, FedEx 2Day, FedEx International Priority, and FedEx International First. Online tax extension United Parcel Service (UPS): UPS Next Day Air, UPS Next Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A. Online tax extension M. Online tax extension , UPS Worldwide Express Plus, and UPS Worldwide Express. Online tax extension For the IRS mailing address to use if you are using a private delivery service, go to IRS. Online tax extension gov and enter "private delivery service" in the search box. Online tax extension Your private delivery service can tell you how to get written proof of the mailing date. Online tax extension Private delivery services cannot deliver items to P. Online tax extension O. Online tax extension boxes. Online tax extension You must use the U. Online tax extension S. Online tax extension Postal Service to mail any item to an IRS P. Online tax extension O. Online tax extension box address. Online tax extension Photographs of missing children. Online tax extension  The IRS is a proud partner with the National Center for Missing and Exploited Children. Online tax extension Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Online tax extension You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Online tax extension Calendar The following are important dates and responsibilities. Online tax extension See section 7 for information about depositing taxes reported on Forms 941, 943, 944, and 945. Online tax extension Also see Publication 509, Tax Calendars. Online tax extension   If any date shown below for filing a return, furnishing a form, or depositing taxes falls on a Saturday, Sunday, or legal holiday, the due date is the next business day. Online tax extension A statewide legal holiday delays a filing due date only if the IRS office where you are required to file is located in that state. Online tax extension However, a statewide legal holiday does not delay the due date of federal tax deposits. Online tax extension See Deposits on Business Days Only in section 7. Online tax extension For any filing due date, you will meet the “file” or “furnish” requirement if the envelope containing the return or form is properly addressed, contains sufficient postage, and is postmarked by the U. Online tax extension S. Online tax extension Postal Service on or before the due date, or sent by an IRS-designated delivery service on or before the due date. Online tax extension See Private delivery services under Reminders. Online tax extension By January 31 . Online tax extension   File Form 943. Online tax extension See section 8 for more information on Form 943. Online tax extension If you deposited all Form 943 taxes when due, you have 10 additional calendar days to file. Online tax extension Furnish each employee with a completed Form W-2. Online tax extension Furnish each recipient to whom you paid $600 or more in nonemployee compensation with a completed Form 1099 (for example, Form 1099-MISC). Online tax extension File Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return. Online tax extension See section 10 for more information on FUTA. Online tax extension If you deposited all the FUTA tax when due, you have 10 additional calendar days to file. Online tax extension File Form 945, Annual Return of Withheld Federal Income Tax, to report any nonpayroll federal income tax withheld in 2013. Online tax extension If you deposited all Form 945 taxes when due, you have 10 additional calendar days to file. Online tax extension By February 15. Online tax extension  Ask for a new Form W-4 or Formulario W-4(SP) from each employee who claimed exemption from federal income tax withholding last year. Online tax extension On February 16. Online tax extension  Any Form W-4 claiming exemption from withholding for the previous year has now expired. Online tax extension Begin withholding for any employee who previously claimed exemption from withholding but has not given you a new Form W-4 for the current year. Online tax extension If the employee does not give you a new Form W-4, withhold tax based on the last valid Form W-4 you have for the employee that does not claim exemption from withholding or, if one does not exist, as if he or she is single with zero withholding allowances. Online tax extension See section 5 for more information. Online tax extension If the employee furnishes a new Form W-4 claiming exemption from withholding after February 15, you may apply the exemption to future wages, but do not refund taxes withheld while the exempt status was not in place. Online tax extension By February 28. Online tax extension   File paper Forms 1099 and 1096. Online tax extension File Copy A of all paper Forms 1099 with Form 1096, Annual Summary and Transmittal of U. Online tax extension S. Online tax extension Information Returns, with the IRS. Online tax extension For electronically filed returns, see By March 31 below. Online tax extension File paper Forms W-2 and W-3. Online tax extension File Copy A of all paper Forms W-2 with Form W-3, Transmittal of Wage and Tax Statements, with the SSA. Online tax extension For electronically filed returns, see By March 31 next. Online tax extension By March 31. Online tax extension   File electronic Forms W-2 and 1099. Online tax extension File electronic Forms W-2 with the SSA and Forms 1099 with the IRS. Online tax extension For more information on reporting Form W-2 information to the SSA electronically, visit the SSA's Employer W-2 Filing Instructions & Information webpage at www. Online tax extension socialsecurity. Online tax extension gov/employer. Online tax extension For information on filing information returns electronically with the IRS, see Publication 1220, Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and W-2G. Online tax extension By April 30, July 31, October 31, and January 31. Online tax extension   Deposit FUTA taxes. Online tax extension Deposit FUTA tax if the undeposited amount is over $500. Online tax extension Before December 1. Online tax extension  Remind employees to submit a new Form W-4 if their marital status or withholding allowances have changed or will change for the next year. Online tax extension Introduction This publication is for employers of agricultural workers (farmworkers). Online tax extension It contains information that you may need to comply with the laws for agricultural labor (farmwork) relating to social security and Medicare taxes, FUTA tax, and withheld federal income tax (employment taxes). Online tax extension Agricultural employers report social security and Medicare taxes and withheld federal income tax on Form 943 and report FUTA tax on Form 940. Online tax extension If you have nonfarm employees, see Publication 15 (Circular E). Online tax extension If you have employees in the U. Online tax extension S. Online tax extension Virgin Islands, Guam, American Samoa, or the Commonwealth of the Northern Mariana Islands, see Publication 80 (Circular SS). Online tax extension Publication 15-A, Employer's Supplemental Tax Guide, contains more employment-related information, including information about sick pay and pension income. Online tax extension Publication 15-B, Employer's Tax Guide to Fringe Benefits, contains information about the employment tax treatment and valuation of various types of noncash compensation. Online tax extension Comments and suggestions. Online tax extension   We welcome your comments about this publication and your suggestions for future editions. Online tax extension   You can write to us at the following address:  Internal Revenue Service Tax Forms and Publications Division  1111 Constitution Ave. Online tax extension NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Online tax extension Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Online tax extension   You can also send us comments from www. Online tax extension irs. Online tax extension gov/formspubs. Online tax extension Click on More Information and then click on Comment on Tax Forms and Publications. Online tax extension   Although we cannot respond individually to each email, we do appreciate your feedback and will consider your comments as we revise our tax forms, instructions, and publications. Online tax extension COBRA premium assistance credit. Online tax extension   The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) provides certain former employees, retirees, spouses, former spouses, and dependent children the right to temporary continuation of health coverage at group rates. Online tax extension COBRA generally covers multiemployer health plans and health plans maintained by private-sector employers (other than churches) with 20 or more full and part-time employees. Online tax extension Parallel requirements apply to these plans under the Employee Retirement Income Security Act of 1974 (ERISA). Online tax extension Under the Public Health Service Act, COBRA requirements apply also to health plans covering state or local government employees. Online tax extension Similar requirements apply under the Federal Employees Health Benefits Program and under some state laws. Online tax extension For the premium assistance (or subsidy) discussed below, these requirements are all referred to as COBRA requirements. Online tax extension   Under the American Recovery and Reinvestment Act of 2009 (ARRA), employers are allowed a credit against “payroll taxes” (referred to in this publication as “employment taxes”) for providing COBRA premium assistance to assistance eligible individuals. Online tax extension For periods of COBRA continuation coverage beginning after February 16, 2009, a group health plan must treat an assistance eligible individual as having paid the required COBRA continuation coverage premium if the individual elects COBRA coverage and pays 35% of the amount of the premium. Online tax extension   An assistance eligible individual is a qualified beneficiary of an employer's group health plan who is eligible for COBRA continuation coverage during the period beginning September 1, 2008, and ending May 31, 2010, due to the involuntarily termination from employment of a covered employee during the period and elects continuation COBRA coverage. Online tax extension The assistance for the coverage can last up to 15 months. Online tax extension   Employees terminated during the period beginning September 1, 2008, and ending May 31, 2010, who received a severance package that delayed the start of the COBRA continuation coverage, may still be eligible for premium assistance for COBRA continuation coverage. Online tax extension For more information, see Notice 2009-27, 2009-16 I. Online tax extension R. Online tax extension B. Online tax extension 838, available at www. Online tax extension irs. Online tax extension gov/irb/2009-16_irb/ar09. Online tax extension html. Online tax extension   Administrators of the group health plans (or other entities) that provide or administer COBRA continuation coverage must provide notice to assistance eligible individuals of the COBRA premium assistance. Online tax extension   The 65% of the premium not paid by the assistance eligible individual is reimbursed to the employer maintaining the group health plan. Online tax extension The reimbursement is made through a credit against the employer's employment tax liabilities. Online tax extension For information on how to claim the credit, see the Instructions for Form 943. Online tax extension The credit is treated as a deposit made on the first day of the return period. Online tax extension In the case of a multiemployer plan, the credit is claimed by the plan, rather than the employer. Online tax extension In the case of an insured plan subject to state law continuation coverage requirements, the credit is claimed by the insurance company, rather than the employer. Online tax extension   Anyone claiming the credit for COBRA premium assistance payments must maintain the following information to support their claim, including the following. Online tax extension Information on the receipt of the assistance eligible individuals' 35% share of the premium including dates and amounts. Online tax extension In the case of an insurance plan, a copy of invoice or other supporting statement from the insurance carrier and proof of timely payment of the full premium to the insurance carrier required under COBRA. Online tax extension In the case of a self-insured plan, proof of the premium amount and proof of the coverage provided to the assistance eligible individuals. Online tax extension Attestation of involuntary termination, including the date of the involuntary termination for each covered employee whose involuntary termination is the basis for eligibility for the subsidy. Online tax extension Proof of each assistance eligible individual's eligibility for COBRA coverage and the election of COBRA coverage. Online tax extension A record of the social security numbers (SSNs) of all covered employees, the amount of the subsidy reimbursed with respect to each covered employee, and whether the subsidy was for one individual or two or more individuals. Online tax extension   For more information, visit IRS. Online tax extension gov and enter “COBRA” in the search box. Online tax extension Useful Items - You may want to see: Publication 15 (Circular E), Employer's Tax Guide 15-A Employer's Supplemental Tax Guide 15-B Employer's Tax Guide to Fringe Benefits 225 Farmer's Tax Guide 535 Business Expenses 583 Starting a Business and Keeping Records 1635 Employer Identification Number: Understanding Your EIN Prev  Up  Next   Home   More Online Publications