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Unemployment Tax Form

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Unemployment Tax Form

Unemployment tax form 10. Unemployment tax form   Retirement Plans, Pensions, and Annuities Table of Contents What's New Reminder IntroductionThe General Rule. Unemployment tax form Individual retirement arrangements (IRAs). Unemployment tax form Civil service retirement benefits. Unemployment tax form Useful Items - You may want to see: General InformationIn-plan rollovers to designated Roth accounts. Unemployment tax form How To Report Cost (Investment in the Contract) Taxation of Periodic PaymentsExclusion limited to cost. Unemployment tax form Exclusion not limited to cost. Unemployment tax form Simplified Method Taxation of Nonperiodic PaymentsLump-Sum Distributions RolloversIn-plan rollovers to designated Roth accounts. Unemployment tax form Special Additional TaxesTax on Early Distributions Tax on Excess Accumulation Survivors and Beneficiaries What's New For purposes of the Net Investment Income Tax (NIIT), net investment income does not include distributions from a qualified retirement plan (for example, 401(a), 403(a), 403(b), 408, 408A, or 457(b) plans). Unemployment tax form However, these distributions are taken into account when determining the modified adjusted gross income threshold. Unemployment tax form Distributions from a nonqualified retirement plan are included in net investment income. Unemployment tax form See Form 8960, Net Investment Income Tax - Individuals, Estates, and Trusts, and its instructions for more information. Unemployment tax form Reminder Starting in 2013, the American Taxpayer Relief Act of 2012 expanded the rules for in-plan Roth rollovers to include more taxpayers. Unemployment tax form For more information, see Designated Roth accounts discussed later. Unemployment tax form Introduction This chapter discusses the tax treatment of distributions you receive from: An employee pension or annuity from a qualified plan, A disability retirement, and A purchased commercial annuity. Unemployment tax form What is not covered in this chapter. Unemployment tax form   The following topics are not discussed in this chapter. Unemployment tax form The General Rule. Unemployment tax form   This is the method generally used to determine the tax treatment of pension and annuity income from nonqualified plans (including commercial annuities). Unemployment tax form For a qualified plan, you generally cannot use the General Rule unless your annuity starting date is before November 19, 1996. Unemployment tax form For more information about the General Rule, see Publication 939, General Rule for Pensions and Annuities. Unemployment tax form Individual retirement arrangements (IRAs). Unemployment tax form   Information on the tax treatment of amounts you receive from an IRA is in chapter 17. Unemployment tax form Civil service retirement benefits. Unemployment tax form    If you are retired from the federal government (regular, phased, or disability retirement), see Publication 721, Tax Guide to U. Unemployment tax form S. Unemployment tax form Civil Service Retirement Benefits. Unemployment tax form Publication 721 also covers the information that you need if you are the survivor or beneficiary of a federal employee or retiree who died. Unemployment tax form Useful Items - You may want to see: Publication 575 Pension and Annuity Income 721 Tax Guide to U. Unemployment tax form S. Unemployment tax form Civil Service Retirement Benefits 939 General Rule for Pensions and Annuities Form (and Instructions) W-4P Withholding Certificate for Pension or Annuity Payments 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Unemployment tax form 4972 Tax on Lump-Sum Distributions 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts General Information Designated Roth accounts. Unemployment tax form   A designated Roth account is a separate account created under a qualified Roth contribution program to which participants may elect to have part or all of their elective deferrals to a 401(k), 403(b), or 457(b) plan designated as Roth contributions. Unemployment tax form Elective deferrals that are designated as Roth contributions are included in your income. Unemployment tax form However, qualified distributions are not included in your income. Unemployment tax form See Publication 575 for more information. Unemployment tax form In-plan rollovers to designated Roth accounts. Unemployment tax form   If you are a participant in a 401(k), 403(b), or 457(b) plan, your plan may permit you to roll over amounts in those plans to a designated Roth account within the same plan. Unemployment tax form The rollover of any untaxed amounts must be included in income. Unemployment tax form See Publication 575 for more information. Unemployment tax form More than one program. Unemployment tax form   If you receive benefits from more than one program under a single trust or plan of your employer, such as a pension plan and a profit-sharing plan, you may have to figure the taxable part of each pension or annuity contract separately. Unemployment tax form Your former employer or the plan administrator should be able to tell you if you have more than one pension or annuity contract. Unemployment tax form Section 457 deferred compensation plans. Unemployment tax form    If you work for a state or local government or for a tax-exempt organization, you may be able to participate in a section 457 deferred compensation plan. Unemployment tax form If your plan is an eligible plan, you are not taxed currently on pay that is deferred under the plan or on any earnings from the plan's investment of the deferred pay. Unemployment tax form You are generally taxed on amounts deferred in an eligible state or local government plan only when they are distributed from the plan. Unemployment tax form You are taxed on amounts deferred in an eligible tax-exempt organization plan when they are distributed or otherwise made available to you. Unemployment tax form   Your 457(b) plan may have a designated Roth account option. Unemployment tax form If so, you may be able to roll over amounts to the designated Roth account or make contributions. Unemployment tax form Elective deferrals to a designated Roth account are included in your income. Unemployment tax form Qualified distributions from a designated Roth account are not subject to tax. Unemployment tax form   This chapter covers the tax treatment of benefits under eligible section 457 plans, but it does not cover the treatment of deferrals. Unemployment tax form For information on deferrals under section 457 plans, see Retirement Plan Contributions under Employee Compensation in Publication 525, Taxable and Nontaxable Income. Unemployment tax form   For general information on these deferred compensation plans, see Section 457 Deferred Compensation Plans in Publication 575. Unemployment tax form Disability pensions. Unemployment tax form   If you retired on disability, you generally must include in income any disability pension you receive under a plan that is paid for by your employer. Unemployment tax form You must report your taxable disability payments as wages on line 7 of Form 1040 or Form 1040A until you reach minimum retirement age. Unemployment tax form Minimum retirement age generally is the age at which you can first receive a pension or annuity if you are not disabled. Unemployment tax form    You may be entitled to a tax credit if you were permanently and totally disabled when you retired. Unemployment tax form For information on the credit for the elderly or the disabled, see chapter 33. Unemployment tax form   Beginning on the day after you reach minimum retirement age, payments you receive are taxable as a pension or annuity. Unemployment tax form Report the payments on Form 1040, lines 16a and 16b, or on Form 1040A, lines 12a and 12b. Unemployment tax form    Disability payments for injuries incurred as a direct result of a terrorist attack directed against the United States (or its allies) are not included in income. Unemployment tax form For more information about payments to survivors of terrorist attacks, see Publication 3920, Tax Relief for Victims of Terrorist Attacks. Unemployment tax form   For more information on how to report disability pensions, including military and certain government disability pensions, see chapter 5. Unemployment tax form Retired public safety officers. Unemployment tax form   An eligible retired public safety officer can elect to exclude from income distributions of up to $3,000 made directly from a government retirement plan to the provider of accident, health, or long-term disability insurance. Unemployment tax form See Insurance Premiums for Retired Public Safety Officers in Publication 575 for more information. Unemployment tax form Railroad retirement benefits. Unemployment tax form   Part of any railroad retirement benefits you receive is treated for tax purposes as social security benefits, and part is treated as an employee pension. Unemployment tax form For information about railroad retirement benefits treated as social security benefits, see Publication 915, Social Security and Equivalent Railroad Retirement Benefits. Unemployment tax form For information about railroad retirement benefits treated as an employee pension, see Railroad Retirement Benefits in Publication 575. Unemployment tax form Withholding and estimated tax. Unemployment tax form   The payer of your pension, profit-sharing, stock bonus, annuity, or deferred compensation plan will withhold income tax on the taxable parts of amounts paid to you. Unemployment tax form You can tell the payer how much to withhold, or not to withhold, by filing Form W-4P. Unemployment tax form If you choose not to have tax withheld, or you do not have enough tax withheld, you may have to pay estimated tax. Unemployment tax form   If you receive an eligible rollover distribution, you cannot choose not to have tax withheld. Unemployment tax form Generally, 20% will be withheld, but no tax will be withheld on a direct rollover of an eligible rollover distribution. Unemployment tax form See Direct rollover option under Rollovers, later. Unemployment tax form   For more information, see Pensions and Annuities under Tax Withholding for 2014 in chapter 4. Unemployment tax form Qualified plans for self-employed individuals. Unemployment tax form   Qualified plans set up by self-employed individuals are sometimes called Keogh or H. Unemployment tax form R. Unemployment tax form 10 plans. Unemployment tax form Qualified plans can be set up by sole proprietors, partnerships (but not a partner), and corporations. Unemployment tax form They can cover self-employed persons, such as the sole proprietor or partners, as well as regular (common-law) employees. Unemployment tax form    Distributions from a qualified plan are usually fully taxable because most recipients have no cost basis. Unemployment tax form If you have an investment (cost) in the plan, however, your pension or annuity payments from a qualified plan are taxed under the Simplified Method. Unemployment tax form For more information about qualified plans, see Publication 560, Retirement Plans for Small Business. Unemployment tax form Purchased annuities. Unemployment tax form   If you receive pension or annuity payments from a privately purchased annuity contract from a commercial organization, such as an insurance company, you generally must use the General Rule to figure the tax-free part of each annuity payment. Unemployment tax form For more information about the General Rule, get Publication 939. Unemployment tax form Also, see Variable Annuities in Publication 575 for the special provisions that apply to these annuity contracts. Unemployment tax form Loans. Unemployment tax form   If you borrow money from your retirement plan, you must treat the loan as a nonperiodic distribution from the plan unless certain exceptions apply. Unemployment tax form This treatment also applies to any loan under a contract purchased under your retirement plan, and to the value of any part of your interest in the plan or contract that you pledge or assign. Unemployment tax form This means that you must include in income all or part of the amount borrowed. Unemployment tax form Even if you do not have to treat the loan as a nonperiodic distribution, you may not be able to deduct the interest on the loan in some situations. Unemployment tax form For details, see Loans Treated as Distributions in Publication 575. Unemployment tax form For information on the deductibility of interest, see chapter 23. Unemployment tax form Tax-free exchange. Unemployment tax form   No gain or loss is recognized on an exchange of an annuity contract for another annuity contract if the insured or annuitant remains the same. Unemployment tax form However, if an annuity contract is exchanged for a life insurance or endowment contract, any gain due to interest accumulated on the contract is ordinary income. Unemployment tax form See Transfers of Annuity Contracts in Publication 575 for more information about exchanges of annuity contracts. Unemployment tax form How To Report If you file Form 1040, report your total annuity on line 16a and the taxable part on line 16b. Unemployment tax form If your pension or annuity is fully taxable, enter it on line 16b; do not make an entry on line 16a. Unemployment tax form If you file Form 1040A, report your total annuity on line 12a and the taxable part on line 12b. Unemployment tax form If your pension or annuity is fully taxable, enter it on line 12b; do not make an entry on line 12a. Unemployment tax form More than one annuity. Unemployment tax form   If you receive more than one annuity and at least one of them is not fully taxable, enter the total amount received from all annuities on Form 1040, line 16a, or Form 1040A, line 12a, and enter the taxable part on Form 1040, line 16b, or Form 1040A, line 12b. Unemployment tax form If all the annuities you receive are fully taxable, enter the total of all of them on Form 1040, line 16b, or Form 1040A, line 12b. Unemployment tax form Joint return. Unemployment tax form   If you file a joint return and you and your spouse each receive one or more pensions or annuities, report the total of the pensions and annuities on Form 1040, line 16a, or Form 1040A, line 12a, and report the taxable part on Form 1040, line 16b, or Form 1040A, line 12b. Unemployment tax form Cost (Investment in the Contract) Before you can figure how much, if any, of a distribution from your pension or annuity plan is taxable, you must determine your cost (your investment in the contract) in the pension or annuity. Unemployment tax form Your total cost in the plan includes the total premiums, contributions, or other amounts you paid. Unemployment tax form This includes the amounts your employer contributed that were taxable to you when paid. Unemployment tax form Cost does not include any amounts you deducted or were excluded from your income. Unemployment tax form From this total cost, subtract any refunds of premiums, rebates, dividends, unrepaid loans that were not included in your income, or other tax-free amounts that you received by the later of the annuity starting date or the date on which you received your first payment. Unemployment tax form Your annuity starting date is the later of the first day of the first period for which you received a payment or the date the plan's obligations became fixed. Unemployment tax form Designated Roth accounts. Unemployment tax form   Your cost in these accounts is your designated Roth contributions that were included in your income as wages subject to applicable withholding requirements. Unemployment tax form Your cost will also include any in-plan Roth rollovers you included in income. Unemployment tax form Foreign employment contributions. Unemployment tax form   If you worked in a foreign country and contributions were made to your retirement plan, special rules apply in determining your cost. Unemployment tax form See Foreign employment contributions under Cost (Investment in the Contract) in Publication 575. Unemployment tax form Taxation of Periodic Payments Fully taxable payments. Unemployment tax form   Generally, if you did not pay any part of the cost of your employee pension or annuity and your employer did not withhold part of the cost from your pay while you worked, the amounts you receive each year are fully taxable. Unemployment tax form You must report them on your income tax return. Unemployment tax form Partly taxable payments. Unemployment tax form   If you paid part of the cost of your pension or annuity, you are not taxed on the part of the pension or annuity you receive that represents a return of your cost. Unemployment tax form The rest of the amount you receive is generally taxable. Unemployment tax form You figure the tax-free part of the payment using either the Simplified Method or the General Rule. Unemployment tax form Your annuity starting date and whether or not your plan is qualified determine which method you must or may use. Unemployment tax form   If your annuity starting date is after November 18, 1996, and your payments are from a qualified plan, you must use the Simplified Method. Unemployment tax form Generally, you must use the General Rule if your annuity is paid under a nonqualified plan, and you cannot use this method if your annuity is paid under a qualified plan. Unemployment tax form   If you had more than one partly taxable pension or annuity, figure the tax-free part and the taxable part of each separately. Unemployment tax form   If your annuity is paid under a qualified plan and your annuity starting date is after July 1, 1986, and before November 19, 1996, you could have chosen to use either the General Rule or the Simplified Method. Unemployment tax form Exclusion limit. Unemployment tax form   Your annuity starting date determines the total amount of annuity payments that you can exclude from your taxable income over the years. Unemployment tax form Once your annuity starting date is determined, it does not change. Unemployment tax form If you calculate the taxable portion of your annuity payments using the simplified method worksheet, the annuity starting date determines the recovery period for your cost. Unemployment tax form That recovery period begins on your annuity starting date and is not affected by the date you first complete the worksheet. Unemployment tax form Exclusion limited to cost. Unemployment tax form   If your annuity starting date is after 1986, the total amount of annuity income that you can exclude over the years as a recovery of the cost cannot exceed your total cost. Unemployment tax form Any unrecovered cost at your (or the last annuitant's) death is allowed as a miscellaneous itemized deduction on the final return of the decedent. Unemployment tax form This deduction is not subject to the 2%-of-adjusted-gross-income limit. Unemployment tax form Exclusion not limited to cost. Unemployment tax form   If your annuity starting date is before 1987, you can continue to take your monthly exclusion for as long as you receive your annuity. Unemployment tax form If you chose a joint and survivor annuity, your survivor can continue to take the survivor's exclusion figured as of the annuity starting date. Unemployment tax form The total exclusion may be more than your cost. Unemployment tax form Simplified Method Under the Simplified Method, you figure the tax-free part of each annuity payment by dividing your cost by the total number of anticipated monthly payments. Unemployment tax form For an annuity that is payable for the lives of the annuitants, this number is based on the annuitants' ages on the annuity starting date and is determined from a table. Unemployment tax form For any other annuity, this number is the number of monthly annuity payments under the contract. Unemployment tax form Who must use the Simplified Method. Unemployment tax form   You must use the Simplified Method if your annuity starting date is after November 18, 1996, and you both: Receive pension or annuity payments from a qualified employee plan, qualified employee annuity, or a tax-sheltered annuity (403(b)) plan, and On your annuity starting date, you were either under age 75, or entitled to less than 5 years of guaranteed payments. Unemployment tax form Guaranteed payments. Unemployment tax form   Your annuity contract provides guaranteed payments if a minimum number of payments or a minimum amount (for example, the amount of your investment) is payable even if you and any survivor annuitant do not live to receive the minimum. Unemployment tax form If the minimum amount is less than the total amount of the payments you are to receive, barring death, during the first 5 years after payments begin (figured by ignoring any payment increases), you are entitled to less than 5 years of guaranteed payments. Unemployment tax form How to use the Simplified Method. Unemployment tax form    Complete the Simplified Method Worksheet in Publication 575 to figure your taxable annuity for 2013. Unemployment tax form Single-life annuity. Unemployment tax form    If your annuity is payable for your life alone, use Table 1 at the bottom of the worksheet to determine the total number of expected monthly payments. Unemployment tax form Enter on line 3 the number shown for your age at the annuity starting date. Unemployment tax form Multiple-lives annuity. Unemployment tax form   If your annuity is payable for the lives of more than one annuitant, use Table 2 at the bottom of the worksheet to determine the total number of expected monthly payments. Unemployment tax form Enter on line 3 the number shown for the combined ages of you and the youngest survivor annuitant at the annuity starting date. Unemployment tax form   However, if your annuity starting date is before 1998, do not use Table 2 and do not combine the annuitants' ages. Unemployment tax form Instead you must use Table 1 and enter on line 3 the number shown for the primary annuitant's age on the annuity starting date. Unemployment tax form    Be sure to keep a copy of the completed worksheet; it will help you figure your taxable annuity next year. Unemployment tax form Example. Unemployment tax form Bill Smith, age 65, began receiving retirement benefits in 2013, under a joint and survivor annuity. Unemployment tax form Bill's annuity starting date is January 1, 2013. Unemployment tax form The benefits are to be paid for the joint lives of Bill and his wife Kathy, age 65. Unemployment tax form Bill had contributed $31,000 to a qualified plan and had received no distributions before the annuity starting date. Unemployment tax form Bill is to receive a retirement benefit of $1,200 a month, and Kathy is to receive a monthly survivor benefit of $600 upon Bill's death. Unemployment tax form Bill must use the Simplified Method to figure his taxable annuity because his payments are from a qualified plan and he is under age 75. Unemployment tax form Because his annuity is payable over the lives of more than one annuitant, he uses his and Kathy's combined ages and Table 2 at the bottom of the worksheet in completing line 3 of the worksheet. Unemployment tax form His completed worksheet is shown in Worksheet 10-A. Unemployment tax form Bill's tax-free monthly amount is $100 ($31,000 ÷ 310) as shown on line 4 of the worksheet. Unemployment tax form Upon Bill's death, if Bill has not recovered the full $31,000 investment, Kathy will also exclude $100 from her $600 monthly payment. Unemployment tax form The full amount of any annuity payments received after 310 payments are paid must be included in gross income. Unemployment tax form If Bill and Kathy die before 310 payments are made, a miscellaneous itemized deduction will be allowed for the unrecovered cost on the final income tax return of the last to die. Unemployment tax form This deduction is not subject to the 2%-of-adjusted- gross-income limit. Unemployment tax form Worksheet 10-A. Unemployment tax form Simplified Method Worksheet for Bill Smith 1. Unemployment tax form Enter the total pension or annuity payments received this year. Unemployment tax form Also, add this amount to the total for Form 1040, line 16a, or Form 1040A, line 12a 1. Unemployment tax form 14,400 2. Unemployment tax form Enter your cost in the plan (contract) at the annuity starting date plus any death benefit exclusion*. Unemployment tax form See Cost (Investment in the Contract) , earlier 2. Unemployment tax form 31,000       Note: If your annuity starting date was before this year and you completed this worksheet last year, skip line 3 and enter the amount from line 4 of last year's worksheet on line 4 below (even if the amount of your pension or annuity has changed). Unemployment tax form Otherwise, go to line 3. Unemployment tax form         3. Unemployment tax form Enter the appropriate number from Table 1 below. Unemployment tax form But if your annuity starting date was after 1997 and the payments are for your life and that of your beneficiary, enter the appropriate number from Table 2 below 3. Unemployment tax form 310     4. Unemployment tax form Divide line 2 by the number on line 3 4. Unemployment tax form 100     5. Unemployment tax form Multiply line 4 by the number of months for which this year's payments were made. Unemployment tax form If your annuity starting date was before 1987, enter this amount on line 8 below and skip lines 6, 7, 10, and 11. Unemployment tax form Otherwise, go to line 6 5. Unemployment tax form 1,200     6. Unemployment tax form Enter any amounts previously recovered tax free in years after 1986. Unemployment tax form This is the amount shown on line 10 of your worksheet for last year 6. Unemployment tax form -0-     7. Unemployment tax form Subtract line 6 from line 2 7. Unemployment tax form 31,000     8. Unemployment tax form Enter the smaller of line 5 or line 7 8. Unemployment tax form 1,200 9. Unemployment tax form Taxable amount for year. Unemployment tax form Subtract line 8 from line 1. Unemployment tax form Enter the result, but not less than zero. Unemployment tax form Also, add this amount to the total for Form 1040, line 16b, or Form 1040A, line 12b 9. Unemployment tax form 13,200   Note: If your Form 1099-R shows a larger taxable amount, use the amount figured on this line instead. Unemployment tax form If you are a retired public safety officer, see Insurance Premiums for Retired Public Safety Officers in Publication 575 before entering an amount on your tax return. Unemployment tax form     10. Unemployment tax form Was your annuity starting date before 1987? □ Yes. Unemployment tax form STOP. Unemployment tax form Do not complete the rest of this worksheet. Unemployment tax form  ☑ No. Unemployment tax form Add lines 6 and 8. Unemployment tax form This is the amount you have recovered tax free through 2013. Unemployment tax form You will need this number if you need to fill out this worksheet next year 10. Unemployment tax form 1,200 11. Unemployment tax form Balance of cost to be recovered. Unemployment tax form Subtract line 10 from line 2. Unemployment tax form If zero, you will not have to complete this worksheet next year. Unemployment tax form The payments you receive next year will generally be fully taxable 11. Unemployment tax form 29,800 TABLE 1 FOR LINE 3 ABOVE   AND your annuity starting date was— IF the age at annuity starting date was. Unemployment tax form . Unemployment tax form . Unemployment tax form before November 19, 1996, enter on line 3. Unemployment tax form . Unemployment tax form . Unemployment tax form after November 18, 1996, enter on line 3. Unemployment tax form . Unemployment tax form . Unemployment tax form 55 or under 300 360 56–60 260 310 61–65 240 260 66–70 170 210 71 or older 120 160 TABLE 2 FOR LINE 3 ABOVE IF the combined ages at annuity starting date were. Unemployment tax form . Unemployment tax form . Unemployment tax form   THEN enter on line 3. Unemployment tax form . Unemployment tax form . Unemployment tax form 110 or under   410 111–120   360 121–130   310 131–140   260 141 or older   210 * A death benefit exclusion (up to $5,000) applied to certain benefits received by employees who died before August 21, 1996. Unemployment tax form Who must use the General Rule. Unemployment tax form   You must use the General Rule if you receive pension or annuity payments from: A nonqualified plan (such as a private annuity, a purchased commercial annuity, or a nonqualified employee plan), or A qualified plan if you are age 75 or older on your annuity starting date and your annuity payments are guaranteed for at least 5 years. Unemployment tax form Annuity starting before November 19, 1996. Unemployment tax form   If your annuity starting date is after July 1, 1986, and before November 19, 1996, you had to use the General Rule for either circumstance just described. Unemployment tax form You also had to use it for any fixed-period annuity. Unemployment tax form If you did not have to use the General Rule, you could have chosen to use it. Unemployment tax form If your annuity starting date is before July 2, 1986, you had to use the General Rule unless you could use the Three-Year Rule. Unemployment tax form   If you had to use the General Rule (or chose to use it), you must continue to use it each year that you recover your cost. Unemployment tax form Who cannot use the General Rule. Unemployment tax form   You cannot use the General Rule if you receive your pension or annuity from a qualified plan and none of the circumstances described in the preceding discussions apply to you. Unemployment tax form See Who must use the Simplified Method , earlier. Unemployment tax form More information. Unemployment tax form   For complete information on using the General Rule, including the actuarial tables you need, see Publication 939. Unemployment tax form Taxation of Nonperiodic Payments Nonperiodic distributions are also known as amounts not received as an annuity. Unemployment tax form They include all payments other than periodic payments and corrective distributions. Unemployment tax form Examples of nonperiodic payments are cash withdrawals, distributions of current earnings, certain loans, and the value of annuity contracts transferred without full and adequate consideration. Unemployment tax form Corrective distributions of excess plan contributions. Unemployment tax form   Generally, if the contributions made for you during the year to certain retirement plans exceed certain limits, the excess is taxable to you. Unemployment tax form To correct an excess, your plan may distribute it to you (along with any income earned on the excess). Unemployment tax form For information on plan contribution limits and how to report corrective distributions of excess contributions, see Retirement Plan Contributions under Employee Compensation in Publication 525. Unemployment tax form Figuring the taxable amount of nonperiodic payments. Unemployment tax form   How you figure the taxable amount of a nonperiodic distribution depends on whether it is made before the annuity starting date, or on or after the annuity starting date. Unemployment tax form If it is made before the annuity starting date, its tax treatment also depends on whether it is made under a qualified or nonqualified plan. Unemployment tax form If it is made under a nonqualified plan, its tax treatment depends on whether it fully discharges the contract, is received under certain life insurance or endowment contracts, or is allocable to an investment you made before August 14, 1982. Unemployment tax form Annuity starting date. Unemployment tax form   The annuity starting date is either the first day of the first period for which you receive an annuity payment under the contract or the date on which the obligation under the contract becomes fixed, whichever is later. Unemployment tax form Distribution on or after annuity starting date. Unemployment tax form   If you receive a nonperiodic payment from your annuity contract on or after the annuity starting date, you generally must include all of the payment in gross income. Unemployment tax form Distribution before annuity starting date. Unemployment tax form   If you receive a nonperiodic distribution before the annuity starting date from a qualified retirement plan, you generally can allocate only part of it to the cost of the contract. Unemployment tax form You exclude from your gross income the part that you allocate to the cost. Unemployment tax form You include the remainder in your gross income. Unemployment tax form   If you receive a nonperiodic distribution before the annuity starting date from a plan other than a qualified retirement plan (nonqualified plan), it is allocated first to earnings (the taxable part) and then to the cost of the contract (the tax-free part). Unemployment tax form This allocation rule applies, for example, to a commercial annuity contract you bought directly from the issuer. Unemployment tax form    Distributions from nonqualified plans are subject to the net investment income tax. Unemployment tax form See the Instructions for Form 8960. Unemployment tax form   For more information, see Figuring the Taxable Amount under Taxation of Nonperiodic Payments in Publication 575. Unemployment tax form Lump-Sum Distributions This section on lump-sum distributions only applies if the plan participant was born before January 2, 1936. Unemployment tax form If the plan participant was born after January 1, 1936, the taxable amount of this nonperiodic payment is reported as discussed earlier. Unemployment tax form A lump-sum distribution is the distribution or payment in one tax year of a plan participant's entire balance from all of the employer's qualified plans of one kind (for example, pension, profit-sharing, or stock bonus plans). Unemployment tax form A distribution from a nonqualified plan (such as a privately purchased commercial annuity or a section 457 deferred compensation plan of a state or local government or tax-exempt organization) cannot qualify as a lump-sum distribution. Unemployment tax form The participant's entire balance from a plan does not include certain forfeited amounts. Unemployment tax form It also does not include any deductible voluntary employee contributions allowed by the plan after 1981 and before 1987. Unemployment tax form For more information about distributions that do not qualify as lump-sum distributions, see Distributions that do not qualify under Lump-Sum Distributions in Publication 575. Unemployment tax form If you receive a lump-sum distribution from a qualified employee plan or qualified employee annuity and the plan participant was born before January 2, 1936, you may be able to elect optional methods of figuring the tax on the distribution. Unemployment tax form The part from active participation in the plan before 1974 may qualify as capital gain subject to a 20% tax rate. Unemployment tax form The part from participation after 1973 (and any part from participation before 1974 that you do not report as capital gain) is ordinary income. Unemployment tax form You may be able to use the 10-year tax option, discussed later, to figure tax on the ordinary income part. Unemployment tax form Use Form 4972 to figure the separate tax on a lump-sum distribution using the optional methods. Unemployment tax form The tax figured on Form 4972 is added to the regular tax figured on your other income. Unemployment tax form This may result in a smaller tax than you would pay by including the taxable amount of the distribution as ordinary income in figuring your regular tax. Unemployment tax form How to treat the distribution. Unemployment tax form   If you receive a lump-sum distribution, you may have the following options for how you treat the taxable part. Unemployment tax form Report the part of the distribution from participation before 1974 as a capital gain (if you qualify) and the part from participation after 1973 as ordinary income. Unemployment tax form Report the part of the distribution from participation before 1974 as a capital gain (if you qualify) and use the 10-year tax option to figure the tax on the part from participation after 1973 (if you qualify). Unemployment tax form Use the 10-year tax option to figure the tax on the total taxable amount (if you qualify). Unemployment tax form Roll over all or part of the distribution. Unemployment tax form See Rollovers , later. Unemployment tax form No tax is currently due on the part rolled over. Unemployment tax form Report any part not rolled over as ordinary income. Unemployment tax form Report the entire taxable part of the distribution as ordinary income on your tax return. Unemployment tax form   The first three options are explained in the following discussions. Unemployment tax form Electing optional lump-sum treatment. Unemployment tax form   You can choose to use the 10-year tax option or capital gain treatment only once after 1986 for any plan participant. Unemployment tax form If you make this choice, you cannot use either of these optional treatments for any future distributions for the participant. Unemployment tax form Taxable and tax-free parts of the distribution. Unemployment tax form    The taxable part of a lump-sum distribution is the employer's contributions and income earned on your account. Unemployment tax form You may recover your cost in the lump sum and any net unrealized appreciation (NUA) in employer securities tax free. Unemployment tax form Cost. Unemployment tax form   In general, your cost is the total of: The plan participant's nondeductible contributions to the plan, The plan participant's taxable costs of any life insurance contract distributed, Any employer contributions that were taxable to the plan participant, and Repayments of any loans that were taxable to the plan participant. Unemployment tax form You must reduce this cost by amounts previously distributed tax free. Unemployment tax form Net unrealized appreciation (NUA). Unemployment tax form   The NUA in employer securities (box 6 of Form 1099-R) received as part of a lump-sum distribution is generally tax free until you sell or exchange the securities. Unemployment tax form (For more information, see Distributions of employer securities under Taxation of Nonperiodic Payments in Publication 575. Unemployment tax form ) Capital Gain Treatment Capital gain treatment applies only to the taxable part of a lump-sum distribution resulting from participation in the plan before 1974. Unemployment tax form The amount treated as capital gain is taxed at a 20% rate. Unemployment tax form You can elect this treatment only once for any plan participant, and only if the plan participant was born before January 2, 1936. Unemployment tax form Complete Part II of Form 4972 to choose the 20% capital gain election. Unemployment tax form For more information, see Capital Gain Treatment under Lump-Sum Distributions in Publication 575. Unemployment tax form 10-Year Tax Option The 10-year tax option is a special formula used to figure a separate tax on the ordinary income part of a lump-sum distribution. Unemployment tax form You pay the tax only once, for the year in which you receive the distribution, not over the next 10 years. Unemployment tax form You can elect this treatment only once for any plan participant, and only if the plan participant was born before January 2, 1936. Unemployment tax form The ordinary income part of the distribution is the amount shown in box 2a of the Form 1099-R given to you by the payer, minus the amount, if any, shown in box 3. Unemployment tax form You also can treat the capital gain part of the distribution (box 3 of Form 1099-R) as ordinary income for the 10-year tax option if you do not choose capital gain treatment for that part. Unemployment tax form Complete Part III of Form 4972 to choose the 10-year tax option. Unemployment tax form You must use the special Tax Rate Schedule shown in the instructions for Part III to figure the tax. Unemployment tax form Publication 575 illustrates how to complete Form 4972 to figure the separate tax. Unemployment tax form Rollovers If you withdraw cash or other assets from a qualified retirement plan in an eligible rollover distribution, you can defer tax on the distribution by rolling it over to another qualified retirement plan or a traditional IRA. Unemployment tax form For this purpose, the following plans are qualified retirement plans. Unemployment tax form A qualified employee plan. Unemployment tax form A qualified employee annuity. Unemployment tax form A tax-sheltered annuity plan (403(b) plan). Unemployment tax form An eligible state or local government section 457 deferred compensation plan. Unemployment tax form Eligible rollover distributions. Unemployment tax form   Generally, an eligible rollover distribution is any distribution of all or any part of the balance to your credit in a qualified retirement plan. Unemployment tax form For information about exceptions to eligible rollover distributions, see Publication 575. Unemployment tax form Rollover of nontaxable amounts. Unemployment tax form   You may be able to roll over the nontaxable part of a distribution (such as your after-tax contributions) made to another qualified retirement plan that is a qualified employee plan or a 403(b) plan, or to a traditional or Roth IRA. Unemployment tax form The transfer must be made either through a direct rollover to a qualified plan or 403(b) plan that separately accounts for the taxable and nontaxable parts of the rollover or through a rollover to a traditional or Roth IRA. Unemployment tax form   If you roll over only part of a distribution that includes both taxable and nontaxable amounts, the amount you roll over is treated as coming first from the taxable part of the distribution. Unemployment tax form   Any after-tax contributions that you roll over into your traditional IRA become part of your basis (cost) in your IRAs. Unemployment tax form To recover your basis when you take distributions from your IRA, you must complete Form 8606 for the year of the distribution. Unemployment tax form For more information, see the Form 8606 instructions. Unemployment tax form Direct rollover option. Unemployment tax form   You can choose to have any part or all of an eligible rollover distribution paid directly to another qualified retirement plan that accepts rollover distributions or to a traditional or Roth IRA. Unemployment tax form If you choose the direct rollover option, or have an automatic rollover, no tax will be withheld from any part of the distribution that is directly paid to the trustee of the other plan. Unemployment tax form Payment to you option. Unemployment tax form   If an eligible rollover distribution is paid to you, 20% generally will be withheld for income tax. Unemployment tax form However, the full amount is treated as distributed to you even though you actually receive only 80%. Unemployment tax form You generally must include in income any part (including the part withheld) that you do not roll over within 60 days to another qualified retirement plan or to a traditional or Roth IRA. Unemployment tax form (See Pensions and Annuities under Tax Withholding for 2014 in chapter 4. Unemployment tax form )    If you decide to roll over an amount equal to the distribution before withholding, your contribution to the new plan or IRA must include other money (for example, from savings or amounts borrowed) to replace the amount withheld. Unemployment tax form Time for making rollover. Unemployment tax form   You generally must complete the rollover of an eligible rollover distribution paid to you by the 60th day following the day on which you receive the distribution from your employer's plan. Unemployment tax form (If an amount distributed to you becomes a frozen deposit in a financial institution during the 60-day period after you receive it, the rollover period is extended for the period during which the distribution is in a frozen deposit in a financial institution. Unemployment tax form )   The IRS may waive the 60-day requirement where the failure to do so would be against equity or good conscience, such as in the event of a casualty, disaster, or other event beyond your reasonable control. Unemployment tax form   The administrator of a qualified plan must give you a written explanation of your distribution options within a reasonable period of time before making an eligible rollover distribution. Unemployment tax form Qualified domestic relations order (QDRO). Unemployment tax form   You may be able to roll over tax free all or part of a distribution from a qualified retirement plan that you receive under a QDRO. Unemployment tax form If you receive the distribution as an employee's spouse or former spouse (not as a nonspousal beneficiary), the rollover rules apply to you as if you were the employee. Unemployment tax form You can roll over the distribution from the plan into a traditional IRA or to another eligible retirement plan. Unemployment tax form See Rollovers in Publication 575 for more information on benefits received under a QDRO. Unemployment tax form Rollover by surviving spouse. Unemployment tax form   You may be able to roll over tax free all or part of a distribution from a qualified retirement plan you receive as the surviving spouse of a deceased employee. Unemployment tax form The rollover rules apply to you as if you were the employee. Unemployment tax form You can roll over a distribution into a qualified retirement plan or a traditional or Roth IRA. Unemployment tax form For a rollover to a Roth IRA, see Rollovers to Roth IRAs , later. Unemployment tax form    A distribution paid to a beneficiary other than the employee's surviving spouse is generally not an eligible rollover distribution. Unemployment tax form However, see Rollovers by nonspouse beneficiary next. Unemployment tax form Rollovers by nonspouse beneficiary. Unemployment tax form   If you are a designated beneficiary (other than a surviving spouse) of a deceased employee, you may be able to roll over tax free all or a portion of a distribution you receive from an eligible retirement plan of the employee. Unemployment tax form The distribution must be a direct trustee-to-trustee transfer to your traditional or Roth IRA that was set up to receive the distribution. Unemployment tax form The transfer will be treated as an eligible rollover distribution and the receiving plan will be treated as an inherited IRA. Unemployment tax form For information on inherited IRAs, see What if You Inherit an IRA? in chapter 1 of Publication 590, Individual Retirement Arrangements (IRAs). Unemployment tax form Retirement bonds. Unemployment tax form   If you redeem retirement bonds purchased under a qualified bond purchase plan, you can roll over the proceeds that exceed your basis tax free into an IRA (as discussed in Publication 590) or a qualified employer plan. Unemployment tax form Designated Roth accounts. Unemployment tax form   You can roll over an eligible rollover distribution from a designated Roth account into another designated Roth account or a Roth IRA. Unemployment tax form If you want to roll over the part of the distribution that is not included in income, you must make a direct rollover of the entire distribution or you can roll over the entire amount (or any portion) to a Roth IRA. Unemployment tax form For more information on rollovers from designated Roth accounts, see Rollovers in Publication 575. Unemployment tax form In-plan rollovers to designated Roth accounts. Unemployment tax form   If you are a plan participant in a 401(k), 403(b), or 457(b) plan, your plan may permit you to roll over amounts in those plans to a designated Roth account within the same plan. Unemployment tax form The rollover of any untaxed amounts must be included in income. Unemployment tax form See Designated Roth accounts under Rollovers in Publication 575 for more information. Unemployment tax form Rollovers to Roth IRAs. Unemployment tax form   You can roll over distributions directly from a qualified retirement plan (other than a designated Roth account) to a Roth IRA. Unemployment tax form   You must include in your gross income distributions from a qualified retirement plan (other than a designated Roth account) that you would have had to include in income if you had not rolled them over into a Roth IRA. Unemployment tax form You do not include in gross income any part of a distribution from a qualified retirement plan that is a return of contributions to the plan that were taxable to you when paid. Unemployment tax form In addition, the 10% tax on early distributions does not apply. Unemployment tax form More information. Unemployment tax form   For more information on the rules for rolling over distributions, see Rollovers in Publication 575. Unemployment tax form Special Additional Taxes To discourage the use of pension funds for purposes other than normal retirement, the law imposes additional taxes on early distributions of those funds and on failures to withdraw the funds timely. Unemployment tax form Ordinarily, you will not be subject to these taxes if you roll over all early distributions you receive, as explained earlier, and begin drawing out the funds at a normal retirement age, in reasonable amounts over your life expectancy. Unemployment tax form These special additional taxes are the taxes on: Early distributions, and Excess accumulation (not receiving minimum distributions). Unemployment tax form These taxes are discussed in the following sections. Unemployment tax form If you must pay either of these taxes, report them on Form 5329. Unemployment tax form However, you do not have to file Form 5329 if you owe only the tax on early distributions and your Form 1099-R correctly shows a “1” in box 7. Unemployment tax form Instead, enter 10% of the taxable part of the distribution on Form 1040, line 58 and write “No” under the heading “Other Taxes” to the left of line 58. Unemployment tax form Even if you do not owe any of these taxes, you may have to complete Form 5329 and attach it to your Form 1040. Unemployment tax form This applies if you meet an exception to the tax on early distributions but box 7 of your Form 1099-R does not indicate an exception. Unemployment tax form Tax on Early Distributions Most distributions (both periodic and nonperiodic) from qualified retirement plans and nonqualified annuity contracts made to you before you reach age 59½ are subject to an additional tax of 10%. Unemployment tax form This tax applies to the part of the distribution that you must include in gross income. Unemployment tax form For this purpose, a qualified retirement plan is: A qualified employee plan, A qualified employee annuity plan, A tax-sheltered annuity plan, or An eligible state or local government section 457 deferred compensation plan (to the extent that any distribution is attributable to amounts the plan received in a direct transfer or rollover from one of the other plans listed here or an IRA). Unemployment tax form 5% rate on certain early distributions from deferred annuity contracts. Unemployment tax form   If an early withdrawal from a deferred annuity is otherwise subject to the 10% additional tax, a 5% rate may apply instead. Unemployment tax form A 5% rate applies to distributions under a written election providing a specific schedule for the distribution of your interest in the contract if, as of March 1, 1986, you had begun receiving payments under the election. Unemployment tax form On line 4 of Form 5329, multiply the line 3 amount by 5% instead of 10%. Unemployment tax form Attach an explanation to your return. Unemployment tax form Distributions from Roth IRAs allocable to a rollover from an eligible retirement plan within the 5-year period. Unemployment tax form   If, within the 5-year period starting with the first day of your tax year in which you rolled over an amount from an eligible retirement plan to a Roth IRA, you take a distribution from the Roth IRA, you may have to pay the additional 10% tax on early distributions. Unemployment tax form You generally must pay the 10% additional tax on any amount attributable to the part of the rollover that you had to include in income. Unemployment tax form The additional tax is figured on Form 5329. Unemployment tax form For more information, see Form 5329 and its instructions. Unemployment tax form For information on qualified distributions from Roth IRAs, see Additional Tax on Early Distributions in chapter 2 of Publication 590. Unemployment tax form Distributions from designated Roth accounts allocable to in-plan Roth rollovers within the 5-year period. Unemployment tax form   If, within the 5-year period starting with the first day of your tax year in which you rolled over an amount from a 401(k), 403(b), or 457(b) plan to a designated Roth account, you take a distribution from the designated Roth account, you may have to pay the additional 10% tax on early distributions. Unemployment tax form You generally must pay the 10% additional tax on any amount attributable to the part of the in-plan rollover that you had to include in income. Unemployment tax form The additional tax is figured on Form 5329. Unemployment tax form For more information, see Form 5329 and its instructions. Unemployment tax form For information on qualified distributions from designated Roth accounts, see Designated Roth accounts under Taxation of Periodic Payments in Publication 575. Unemployment tax form Exceptions to tax. Unemployment tax form    Certain early distributions are excepted from the early distribution tax. Unemployment tax form If the payer knows that an exception applies to your early distribution, distribution code “2,” “3,” or “4” should be shown in box 7 of your Form 1099-R and you do not have to report the distribution on Form 5329. Unemployment tax form If an exception applies but distribution code “1” (early distribution, no known exception) is shown in box 7, you must file Form 5329. Unemployment tax form Enter the taxable amount of the distribution shown in box 2a of your Form 1099-R on line 1 of Form 5329. Unemployment tax form On line 2, enter the amount that can be excluded and the exception number shown in the Form 5329 instructions. Unemployment tax form    If distribution code “1” is incorrectly shown on your Form 1099-R for a distribution received when you were age 59½ or older, include that distribution on Form 5329. Unemployment tax form Enter exception number “12” on line 2. Unemployment tax form General exceptions. Unemployment tax form   The tax does not apply to distributions that are: Made as part of a series of substantially equal periodic payments (made at least annually) for your life (or life expectancy) or the joint lives (or joint life expectancies) of you and your designated beneficiary (if from a qualified retirement plan, the payments must begin after your separation from service), Made because you are totally and permanently disabled, or Made on or after the death of the plan participant or contract holder. Unemployment tax form Additional exceptions for qualified retirement plans. Unemployment tax form   The tax does not apply to distributions that are: From a qualified retirement plan (other than an IRA) after your separation from service in or after the year you reached age 55 (age 50 for qualified public safety employees), From a qualified retirement plan (other than an IRA) to an alternate payee under a qualified domestic relations order, From a qualified retirement plan to the extent you have deductible medical expenses that exceed 10% (or 7. Unemployment tax form 5% if you or your spouse are age 65 or older) of your adjusted gross income, whether or not you itemize your deductions for the year, From an employer plan under a written election that provides a specific schedule for distribution of your entire interest if, as of March 1, 1986, you had separated from service and had begun receiving payments under the election, From an employee stock ownership plan for dividends on employer securities held by the plan, From a qualified retirement plan due to an IRS levy of the plan, From elective deferral accounts under 401(k) or 403(b) plans or similar arrangements that are qualified reservist distributions, or Phased retirement annuity payments made to federal employees. Unemployment tax form See Pub. Unemployment tax form 721 for more information on the phased retirement program. Unemployment tax form Qualified public safety employees. Unemployment tax form   If you are a qualified public safety employee, distributions made from a governmental defined benefit pension plan are not subject to the additional tax on early distributions. Unemployment tax form You are a qualified public safety employee if you provide police protection, firefighting services, or emergency medical services for a state or municipality, and you separated from service in or after the year you attained age 50. Unemployment tax form Qualified reservist distributions. Unemployment tax form   A qualified reservist distribution is not subject to the additional tax on early distributions. Unemployment tax form A qualified reservist distribution is a distribution (a) from elective deferrals under a section 401(k) or 403(b) plan, or a similar arrangement, (b) to an individual ordered or called to active duty (because he or she is a member of a reserve component) for a period of more than 179 days or for an indefinite period, and (c) made during the period beginning on the date of the order or call and ending at the close of the active duty period. Unemployment tax form You must have been ordered or called to active duty after September 11, 2001. Unemployment tax form For more information, see Qualified reservist distributions under Special Additional Taxes in Publication 575. Unemployment tax form Additional exceptions for nonqualified annuity contracts. Unemployment tax form   The tax does not apply to distributions from: A deferred annuity contract to the extent allocable to investment in the contract before August 14, 1982, A deferred annuity contract under a qualified personal injury settlement, A deferred annuity contract purchased by your employer upon termination of a qualified employee plan or qualified employee annuity plan and held by your employer until your separation from service, or An immediate annuity contract (a single premium contract providing substantially equal annuity payments that start within 1 year from the date of purchase and are paid at least annually). Unemployment tax form Tax on Excess Accumulation To make sure that most of your retirement benefits are paid to you during your lifetime, rather than to your beneficiaries after your death, the payments that you receive from qualified retirement plans must begin no later than your required beginning date (defined later). Unemployment tax form The payments each year cannot be less than the required minimum distribution. Unemployment tax form Required distributions not made. Unemployment tax form   If the actual distributions to you in any year are less than the minimum required distribution for that year, you are subject to an additional tax. Unemployment tax form The tax equals 50% of the part of the required minimum distribution that was not distributed. Unemployment tax form   For this purpose, a qualified retirement plan includes: A qualified employee plan, A qualified employee annuity plan, An eligible section 457 deferred compensation plan, or A tax-sheltered annuity plan (403(b) plan)(for benefits accruing after 1986). Unemployment tax form Waiver. Unemployment tax form   The tax may be waived if you establish that the shortfall in distributions was due to reasonable error and that reasonable steps are being taken to remedy the shortfall. Unemployment tax form See the Instructions for Form 5329 for the procedure to follow if you believe you qualify for a waiver of this tax. Unemployment tax form State insurer delinquency proceedings. Unemployment tax form   You might not receive the minimum distribution because assets are invested in a contract issued by an insurance company in state insurer delinquency proceedings. Unemployment tax form If your payments are reduced below the minimum due to these proceedings, you should contact your plan administrator. Unemployment tax form Under certain conditions, you will not have to pay the 50% excise tax. Unemployment tax form Required beginning date. Unemployment tax form   Unless the rule for 5% owners applies, you generally must begin to receive distributions from your qualified retirement plan by April 1 of the year that follows the later of: The calendar year in which you reach age 70½, or The calendar year in which you retire from employment with the employer maintaining the plan. Unemployment tax form However, your plan may require you to begin to receive distributions by April 1 of the year that follows the year in which you reach age 70½, even if you have not retired. Unemployment tax form   If you reached age 70½ in 2013, you may be required to receive your first distribution by April 1, 2014. Unemployment tax form Your required distribution then must be made for 2014 by December 31, 2014. Unemployment tax form 5% owners. Unemployment tax form   If you are a 5% owner, you must begin to receive distributions by April 1 of the year that follows the calendar year in which you reach age 70½. Unemployment tax form   You are a 5% owner if, for the plan year ending in the calendar year in which you reach age 70½, you own (or are considered to own under section 318 of the Internal Revenue Code) more than 5% of the outstanding stock (or more than 5% of the total voting power of all stock) of the employer, or more than 5% of the capital or profits interest in the employer. Unemployment tax form Age 70½. Unemployment tax form   You reach age 70½ on the date that is 6 calendar months after the date of your 70th birthday. Unemployment tax form   For example, if you are retired and your 70th birthday was on June 30, 2013, you were age 70½ on December 30, 2013. Unemployment tax form If your 70th birthday was on July 1, 2013, you reached age 70½ on January 1, 2014. Unemployment tax form Required distributions. Unemployment tax form   By the required beginning date, as explained earlier, you must either: Receive your entire interest in the plan (for a tax-sheltered annuity, your entire benefit accruing after 1986), or Begin receiving periodic distributions in annual amounts calculated to distribute your entire interest (for a tax-sheltered annuity, your entire benefit accruing after 1986) over your life or life expectancy or over the joint lives or joint life expectancies of you and a designated beneficiary (or over a shorter period). Unemployment tax form Additional information. Unemployment tax form   For more information on this rule, see Tax on Excess Accumulation in Publication 575. Unemployment tax form Form 5329. Unemployment tax form   You must file Form 5329 if you owe tax because you did not receive a minimum required distribution from your qualified retirement plan. Unemployment tax form Survivors and Beneficiaries Generally, a survivor or beneficiary reports pension or annuity income in the same way the plan participant would have. Unemployment tax form However, some special rules apply. Unemployment tax form See Publication 575 for more information. Unemployment tax form Survivors of employees. Unemployment tax form   If you are entitled to receive a survivor annuity on the death of an employee who died, you can exclude part of each annuity payment as a tax-free recovery of the employee's investment in the contract. Unemployment tax form You must figure the taxable and tax-free parts of your annuity payments using the method that applies as if you were the employee. Unemployment tax form Survivors of retirees. Unemployment tax form   If you receive benefits as a survivor under a joint and survivor annuity, include those benefits in income in the same way the retiree would have included them in income. Unemployment tax form If you receive a survivor annuity because of the death of a retiree who had reported the annuity under the Three-Year Rule and recovered all of the cost tax free, your survivor payments are fully taxable. Unemployment tax form    If the retiree was reporting the annuity payments under the General Rule, you must apply the same exclusion percentage to your initial survivor annuity payment called for in the contract. Unemployment tax form The resulting tax-free amount will then remain fixed. Unemployment tax form Any increases in the survivor annuity are fully taxable. Unemployment tax form    If the retiree was reporting the annuity payments under the Simplified Method, the part of each payment that is tax free is the same as the tax-free amount figured by the retiree at the annuity starting date. Unemployment tax form This amount remains fixed even if the annuity payments are increased or decreased. Unemployment tax form See Simplified Method , earlier. Unemployment tax form   In any case, if the annuity starting date is after 1986, the total exclusion over the years cannot be more than the cost. Unemployment tax form Estate tax deduction. Unemployment tax form   If your annuity was a joint and survivor annuity that was included in the decedent's estate, an estate tax may have been paid on it. Unemployment tax form You can deduct the part of the total estate tax that was based on the annuity. Unemployment tax form The deceased annuitant must have died after the annuity starting date. Unemployment tax form (For details, see section 1. Unemployment tax form 691(d)-1 of the regulations. Unemployment tax form ) Deduct it in equal amounts over your remaining life expectancy. Unemployment tax form   If the decedent died before the annuity starting date of a deferred annuity contract and you receive a death benefit under that contract, the amount you receive (either in a lump sum or as periodic payments) in excess of the decedent's cost is included in your gross income as income in respect of a decedent for which you may be able to claim an estate tax deduction. Unemployment tax form   You can take the estate tax deduction as an itemized deduction on Schedule A, Form 1040. Unemployment tax form This deduction is not subject to the 2%-of-adjusted-gross-income limit on miscellaneous deductions. Unemployment tax form See Publication 559, Survivors, Executors, and Administrators, for more information on the estate tax deduction. Unemployment tax form Prev  Up  Next   Home   More Online Publications
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IRS Seeks Applications for the Electronic Tax Administration Advisory Committee

IR-2014-25 March 7, 2014

WASHINGTON — The Internal Revenue Service is opening the nomination and application process for membership on the Electronic Tax Administration Advisory Committee (ETAAC). The deadline for submitting applications is April 21, 2014.

ETAAC was established as required by the Internal Revenue Service Restructuring and Reform Act of 1998. The purpose of the ETAAC is to provide continued input into the development and implementation of the agency’s strategy for electronic tax administration as well as to provide an organized public forum for the discussion of issues in electronic tax administration.

Nominations of qualified individuals may be made by letter and received from individuals or professional associations. Applicants should complete the ETAAC application including a short statement of interest and a resume. Be sure to describe and document your qualifications, past and current affiliations, and dealings in electronic tax administration. A notice published in the Federal Register contains more details about the ETAAC and the application process.

Members are approved by Treasury to serve three-year terms, beginning in the fall of 2014. Members must pass an IRS tax compliance check and Federal Bureau of Investigation (FBI) background investigation and may not be federally registered lobbyists.

Questions about the application process can be sent to etaac@irs.gov.

 

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Page Last Reviewed or Updated: 07-Mar-2014

The Unemployment Tax Form

Unemployment tax form 27. Unemployment tax form   Beneficios Tributarios para Estudios Relacionados con el Trabajo Table of Contents Qué Hay de Nuevo Introduction Useful Items - You may want to see: Estudios Relacionados con el Trabajo que Reúnen los Requisitos de la DeducciónEstudios Requeridos por el Empleador o por Ley Estudios para Mantener o Mejorar Destrezas Estudios para Satisfacer los Requisitos Mínimos Estudios que lo Capacitan para un Nuevo Oficio o Negocio Qué Gastos se Pueden Deducir Reembolso no reclamado. Unemployment tax form Gastos de Transporte Gastos de Viaje No se Permiten Beneficios Dobles Reembolsos Cómo Deducir Gastos de NegociosPersonas que Trabajan por Cuenta Propia Empleados Artistas del Espectáculo y Funcionarios a los que se les Pagan Honorarios Gastos de Trabajo Relacionados con un Impedimento Documentación Qué Hay de Nuevo Tarifa estándar por milla. Unemployment tax form  Por lo general, si reclama una deducción de negocios por estudios relacionados con el trabajo y maneja su automóvil a la escuela y de vuelta a casa, la cantidad que puede deducir por las millas recorridas desde el 1 de enero de 2013 al 31 de diciembre de 2013 es 56½ centavos por milla. Unemployment tax form Vea Gastos de Transporte bajo Qué Gastos se Pueden Deducir, para más información. Unemployment tax form Introduction Este capítulo explica los gastos de estudios relacionados con el trabajo que tal vez pueda deducir como gastos de negocios. Unemployment tax form Para reclamar tal deducción, tiene que: Detallar las deducciones en el Anexo A (Formulario 1040) si es empleado; Presentar el Anexo C (Formulario 1040), Anexo C-EZ (Formulario 1040) o el Anexo F (Formulario 1040) si trabaja por cuenta propia y Tener gastos de estudios calificados explicados bajo Estudios Relacionados con el Trabajo que Reúnen los Requisitos de la Deducción . Unemployment tax form Si es empleado y puede detallar las deducciones, tal vez pueda reclamar una deducción por los gastos pagados por estudios que se relacionen con el trabajo. Unemployment tax form Su deducción será la cantidad total de sus gastos de estudios relacionados con el trabajo que reúnen los requisitos más otros gastos relacionados con el trabajo y ciertos gastos misceláneos (con la excepción de los gastos del trabajo relacionados con el impedimento de personas discapacitadas) que sea mayor que el 2% de sus ingresos brutos ajustados (AGI, por sus siglas en inglés). Unemployment tax form Vea el capítulo 28. Unemployment tax form Si trabaja por cuenta propia, deduciría los gastos de estudios relacionados con el trabajo que reúnen los requisitos directamente de sus ingresos del trabajo por cuenta propia. Unemployment tax form Los gastos de estudios relacionados con el trabajo también podrían darle derecho a otros beneficios tributarios, tales como el crédito tributario de oportunidad para los estadounidenses y el crédito vitalicio por aprendizaje (vea el capítulo 35). Unemployment tax form Es posible que tenga derecho a estos beneficios incluso si no cumple los requisitos indicados anteriormente. Unemployment tax form Asimismo, debe tomar en consideración que es posible que sus gastos de estudios relacionados con el trabajo le podrían dar derecho a reclamar más de un beneficio tributario. Unemployment tax form Por lo general, puede reclamar cualquier cantidad de beneficios siempre que utilice diferentes gastos para calcular cada uno de ellos. Unemployment tax form Cuando calcule sus impuestos, tal vez desee comparar estos beneficios tributarios para elegir el (los) método(s) mediante el (los) cual(es) obtenga el menor impuesto por pagar. Unemployment tax form Useful Items - You may want to see: Publicación 463 Travel, Entertainment, Gift, and Car Expenses (Gastos de viaje, entretenimiento, regalos y automóvil), en inglés 970 Tax Benefits for Education (Beneficios tributarios por estudios), en inglés Formulario (e Instrucciones) 2106 Employee Business Expenses (Gastos de negocios del empleado), en inglés 2106-EZ Unreimbursed Employee Business Expenses (Gastos de negocios del empleado no reembolsados), en inglés Anexo A (Formulario 1040) Itemized Deductions (Deducciones detalladas), en inglés Estudios Relacionados con el Trabajo que Reúnen los Requisitos de la Deducción Puede deducir como gastos de negocio los costos de estudios relacionados con el trabajo si éstos reúnen los requisitos de la deducción. Unemployment tax form Éstos son estudios que cumplen al menos uno de los dos siguientes requisitos: Su empleador o la ley requiere dichos estudios para mantener su sueldo, situación o trabajo actual. Unemployment tax form Los estudios requeridos tienen que servir para un propósito comercial legítimo (bona fide) de su empleador. Unemployment tax form Los estudios mantienen o mejoran las destrezas necesarias en su trabajo actual. Unemployment tax form No obstante, aun si sus estudios cumplen uno o ambos de los requisitos anteriores, no se considera que dichos estudios estén relacionados con el trabajo ni que reúnen los requisitos de la deducción si: Se requieren para satisfacer los requisitos mínimos de educación de su oficio o negocio actual o Forman parte de un programa de estudios que lo capacitará para un nuevo oficio o negocio. Unemployment tax form Puede deducir los costos de los estudios relacionados con el trabajo que reúnen los requisitos de la deducción como gasto de negocios incluso si, al completar dichos estudios, tiene la posibilidad de obtener un título universitario. Unemployment tax form Utilice la Figura 27-A, más adelante, para verificar rápidamente si sus estudios reúnen los requisitos. Unemployment tax form Estudios Requeridos por el Empleador o por Ley Una vez que haya cumplido los requisitos mínimos de educación para su trabajo, es posible que su empleador o la ley le exija seguir sus estudios. Unemployment tax form Se considera que dichos estudios adicionales son estudios relacionados con el trabajo que reúnen los requisitos si se cumplen los tres siguientes requisitos: Se requieren para que mantenga su sueldo, situación o trabajo actual; El requisito sirve un propósito legítimo (bona fide) comercial de su empleador y Los estudios no forman parte de un programa que lo capacitará para un nuevo oficio o negocio. Unemployment tax form Si completa más estudios de los requeridos por su empleador o la ley, estos estudios adicionales sólo pueden ser estudios relacionados con el trabajo que reúnen los requisitos de la deducción si mantienen o mejoran las destrezas requeridas en su trabajo actual. Unemployment tax form Vea Estudios para Mantener o Mejorar Destrezas , más adelante. Unemployment tax form Ejemplo. Unemployment tax form Usted es un maestro que ha cumplido los requisitos mínimos para enseñar. Unemployment tax form Su empleador le exige que tome un curso universitario adicional cada año para poder seguir con su puesto actual de maestro. Unemployment tax form Si los cursos no lo capacitarán para un nuevo oficio o negocio, entonces serán estudios relacionados con el trabajo que reúnen los requisitos, incluso si en el futuro recibe una maestría y un aumento de sueldo debido a estos estudios adicionales. Unemployment tax form Estudios para Mantener o Mejorar Destrezas Si su empleador o la ley no requiere estudios, éstos pueden ser estudios relacionados con el trabajo que reúnen los requisitos de la deducción sólo si mantienen o mejoran las destrezas necesarias en su trabajo actual. Unemployment tax form Éstos pueden incluir cursos de actualización, cursos sobre avances profesionales y cursos académicos o vocacionales. Unemployment tax form Ejemplo. Unemployment tax form Usted repara televisores, radios y sistemas estereofónicos para la tienda XYZ. Unemployment tax form Para mantenerse al corriente de los últimos avances en su profesión, toma cursos especiales de servicios de radio y sistemas estereofónicos. Unemployment tax form Estos cursos mantienen y mejoran las destrezas requeridas en su trabajo. Unemployment tax form Mantenimiento de destrezas versus capacitación para un empleo nuevo. Unemployment tax form   Los estudios para mantener o mejorar destrezas que se requieren en su trabajo actual no son estudios que reúnen los requisitos de la deducción si también lo capacitarán para un nuevo oficio o negocio. Unemployment tax form Estudios durante ausencia temporal. Unemployment tax form   Si deja de trabajar durante un año o menos para cursar estudios con el fin de mantener o mejorar las destrezas necesarias en su trabajo actual y luego regresa a su trabajo y desempeña las mismas labores generales, su ausencia se considera temporal. Unemployment tax form Los estudios cursados durante una ausencia temporal son estudios relacionados con el trabajo que cumplen los requisitos de la deducción si mantienen o mejoran las destrezas necesarias en su trabajo actual. Unemployment tax form Ejemplo. Unemployment tax form Deja su trabajo de investigación en biología para convertirse en estudiante de posgrado de biología a tiempo completo durante un año. Unemployment tax form Si regresa a trabajar en investigación en biología después de concluir los cursos, los estudios se relacionan con su trabajo actual incluso si no regresa a trabajar para el mismo empleador. Unemployment tax form Estudios durante ausencia indefinida. Unemployment tax form   Si deja de trabajar durante más de un año, su ausencia del trabajo se considera indefinida. Unemployment tax form Se considera que los estudios cursados durante una ausencia indefinida, aun si mantienen o mejoran las destrezas necesarias en el trabajo del cual se ausenta, lo capacitan para un nuevo oficio o negocio. Unemployment tax form Por lo tanto, no son estudios relacionados con el trabajo que reúnan los requisitos de la deducción. Unemployment tax form Estudios para Satisfacer los Requisitos Mínimos Los estudios necesarios para cumplir los requisitos mínimos de educación para su oficio o negocio actual no son estudios relacionados con el trabajo que reúnan los requisitos de la deducción. Unemployment tax form Los requisitos mínimos de educación se determinan a través de: Leyes y reglamentos; Normas de su profesión, oficio o negocio y Su empleador. Unemployment tax form Una vez que haya cumplido los requisitos mínimos de educación vigentes cuando se le contrató, no tiene que cumplir nuevos requisitos mínimos de educación. Unemployment tax form Esto significa que si los requisitos mínimos cambian después de que haya sido contratado, los estudios necesarios para satisfacer los nuevos requisitos pueden ser estudios que reúnen los requisitos de la deducción. Unemployment tax form No ha cumplido los requisitos mínimos de educación de su oficio o negocio sólo porque ya está realizando el trabajo. Unemployment tax form Ejemplo 1. Unemployment tax form Es estudiante de ingeniería a tiempo completo. Unemployment tax form Aunque no ha recibido su título o certificación, trabaja a tiempo parcial como ingeniero en una empresa que lo contratará como ingeniero a tiempo completo después de que finalice sus estudios universitarios. Unemployment tax form Aunque sus cursos universitarios de ingeniería mejoran sus destrezas en su trabajo actual, también se requieren para cumplir los requisitos laborales mínimos para contratar a un ingeniero a tiempo completo. Unemployment tax form Estos estudios no son estudios relacionados con el trabajo que reúnen los requisitos de la deducción. Unemployment tax form Ejemplo 2. Unemployment tax form Es contador y ha cumplido con los requisitos mínimos de educación de su empleador. Unemployment tax form Posteriormente, éste cambia los requisitos mínimos de educación y requiere que tome cursos universitarios para mantener su trabajo. Unemployment tax form Estos cursos adicionales pueden ser estudios relacionados con el trabajo que reúnen los requisitos de la deducción porque ya ha cumplido los requisitos mínimos vigentes al momento de su contratación. Unemployment tax form Requisitos para los Docentes Por lo general, los estados o distritos escolares establecen los requisitos mínimos de educación para los docentes. Unemployment tax form El requisito es el título universitario o la cantidad mínima de horas de estudio universitario que suele exigirse para la contratación de una persona para dicho cargo. Unemployment tax form Si no existen requisitos, habrá cumplido los requisitos mínimos de educación cuando pase a ser miembro del cuerpo docente. Unemployment tax form La determinación de si usted es miembro del cuerpo docente de una institución educativa tiene que ser hecha en base de las prácticas particulares de dicha institución. Unemployment tax form Por lo general, se le considerará miembro del cuerpo docente si se da una o más de las siguientes condiciones: Es profesor titular o catedrático. Unemployment tax form Sus años de servicio se acreditan para obtener el cargo académico o cátedra. Unemployment tax form Tiene un voto en las decisiones del cuerpo docente. Unemployment tax form Su institución académica hace aportaciones en nombre suyo a un plan de jubilación que no sea el Seguro Social o un programa similar. Unemployment tax form Ejemplo 1. Unemployment tax form La ley en el estado donde vive exige que los maestros novatos de escuela secundaria tengan un título universitario, incluidos 10 cursos de educación profesional. Unemployment tax form Asimismo, para mantener su trabajo, un maestro tiene que realizar un quinto año de capacitación dentro de un plazo de 10 años a partir de la fecha de contratación. Unemployment tax form Si la escuela empleadora certifica ante el Departamento de Educación estatal que no puede encontrar maestros calificados, la escuela puede contratar a personas con sólo 3 años de estudios universitarios. Unemployment tax form No obstante, para mantener su trabajo, estos maestros tienen que obtener un título universitario y completar los cursos de educación profesional requeridos dentro de un plazo de 3 años. Unemployment tax form De acuerdo con lo anterior, el título universitario, incluya o no los 10 cursos de educación profesional, se considera el requisito mínimo de educación para calificar como maestro en el estado donde vive. Unemployment tax form Si posee toda la educación requerida, a excepción del quinto año, ha cumplido los requisitos mínimos de educación. Unemployment tax form El quinto año de capacitación se considera estudios relacionados con el trabajo que reúnen los requisitos de la deducción a menos que forme parte de un programa de estudios que lo capacitará para un nuevo oficio o negocio. Unemployment tax form Figura 27–A. Unemployment tax form ¿Reúnen los Requisitos sus Estudios Relacionados con el Trabajo? Please click here for the text description of the image. Unemployment tax form Figura 27−A. Unemployment tax form ¿Reúnen los requisitos sus estudios relacionados con el trabajo? Ejemplo 2. Unemployment tax form Suponga que se dan los mismos hechos que en el Ejemplo 1, excepto que tiene título universitario y sólo seis cursos de educación profesional. Unemployment tax form Los cuatro cursos adicionales pueden ser estudios relacionados con el trabajo que reúnen los requisitos de la deducción. Unemployment tax form Aunque no tiene todos los cursos requeridos, ya ha cumplido los requisitos mínimos de educación. Unemployment tax form Ejemplo 3. Unemployment tax form Suponga que se dan los mismos hechos que en el Ejemplo 1, excepto que lo han contratado con sólo 3 años de estudios universitarios. Unemployment tax form Los cursos que tome para lograr un título (incluso en el campo de enseñanza) no son estudios relacionados con el trabajo que reúnen los requisitos de la deducción. Unemployment tax form Éstos se requieren para cumplir los requisitos mínimos de educación para trabajar como maestro. Unemployment tax form Ejemplo 4. Unemployment tax form Tiene un título universitario y trabaja como instructor temporal en una universidad. Unemployment tax form Al mismo tiempo, toma cursos de posgrado para obtener un título superior. Unemployment tax form Las reglas de la universidad estipulan que puede pasar a ser miembro del cuerpo docente sólo si obtiene un posgrado. Unemployment tax form Además, puede mantener su trabajo como instructor sólo si demuestra un avance satisfactorio para obtener este título. Unemployment tax form No ha cumplido los requisitos mínimos de educación para ser miembro del cuerpo docente. Unemployment tax form Los cursos de posgrado no son estudios relacionados con el trabajo que reúnen los requisitos de la deducción. Unemployment tax form Licencia en un nuevo estado. Unemployment tax form   Una vez que haya cumplido los requisitos mínimos de educación para maestros de su estado, se considera que ha cumplido los requisitos mínimos de educación en todos los estados. Unemployment tax form Esto se aplica incluso si tiene que cursar estudios adicionales para recibir la licencia en otro estado. Unemployment tax form Los estudios adicionales que necesite son estudios relacionados con el trabajo que reúnen los requisitos para la deducción. Unemployment tax form Ya ha cumplido los requisitos mínimos de educación para enseñar. Unemployment tax form Enseñar en otro estado no constituye un nuevo oficio o negocio. Unemployment tax form Ejemplo. Unemployment tax form Posee una licencia permanente para enseñar en el Estado A y ha trabajado como maestro en ese estado durante varios años. Unemployment tax form Se muda al Estado B y lo contratan inmediatamente como maestro. Unemployment tax form Sin embargo, tiene que realizar ciertos cursos prescritos para obtener una licencia permanente para enseñar en el Estado B. Unemployment tax form Estos cursos adicionales son estudios relacionados con el trabajo que reúnen los requisitos de la deducción debido a que el puesto de maestro en el Estado B implica el mismo tipo de trabajo general para el cual reunía los requisitos en el Estado A. Unemployment tax form Estudios que lo Capacitan para un Nuevo Oficio o Negocio Los estudios que forman parte de un programa de estudios a fin de capacitarlo para un nuevo oficio o negocio no están relacionados con el trabajo y no reúnen los requisitos de la deducción. Unemployment tax form Esto es aplicable incluso si no tiene intención de ingresar en ese oficio o negocio. Unemployment tax form Si es empleado, un cambio de deberes que implique el mismo tipo de trabajo general no es un nuevo oficio o negocio. Unemployment tax form Ejemplo 1. Unemployment tax form Es contador. Unemployment tax form Su empleador le exige que saque un título en derecho corriendo con sus propios gastos. Unemployment tax form Se inscribe en una escuela de derecho con la intención de cursar el plan de estudios típico para lograr un título en derecho. Unemployment tax form Aun si su intención no es ser abogado, los estudios no reúnen los requisitos de la deducción debido a que el título en derecho lo capacitará para un nuevo oficio o negocio. Unemployment tax form Ejemplo 2. Unemployment tax form Es médico de medicina general. Unemployment tax form Toma un curso de dos semanas para revisar los avances en diversos campos especializados de la medicina. Unemployment tax form El curso no lo capacita para una nueva profesión. Unemployment tax form Se considera que está relacionado con el trabajo y reúne los requisitos de la deducción porque mantiene o mejora las destrezas requeridas en su profesión actual. Unemployment tax form Ejemplo 3. Unemployment tax form Durante su trabajo en la práctica privada de psiquiatría, ingresa a un programa para estudiar y capacitarse en un instituto de psicoanálisis acreditado. Unemployment tax form El programa lo capacitará para practicar el psicoanálisis. Unemployment tax form La formación en psicoanálisis no lo capacitará para una nueva profesión. Unemployment tax form Está relacionada con el trabajo y reúne los requisitos de la deducción porque mantiene o mejora las destrezas necesarias en su profesión actual. Unemployment tax form Curso de preparación para el examen de reválida de derecho o para el examen para contadores públicos autorizados Los cursos de preparación para el examen de reválida para ejercer la abogacía o el examen para contadores públicos autorizados (CPA, por sus siglas en inglés) no son estudios relacionados con el trabajo que cumplan los requisitos. Unemployment tax form Forman parte de un programa de estudios que puede capacitarlo para una nueva profesión. Unemployment tax form Deberes Magisteriales y Afines Todos los deberes magisteriales y deberes afines se consideran relativamente el mismo tipo de trabajo. Unemployment tax form Un cambio de deberes de cualquiera de las siguientes maneras no se considera un cambio a una nueva ocupación: Maestro de escuela primaria a maestro de escuela secundaria. Unemployment tax form Maestro de una asignatura, como biología, a maestro de otra asignatura, como arte. Unemployment tax form Maestro a consejero académico. Unemployment tax form Maestro a administrador escolar. Unemployment tax form Qué Gastos se Pueden Deducir Si sus estudios satisfacen los requisitos descritos anteriormente en Estudios Relacionados con el Trabajo que Reúnen los Requisitos de la Deducción , por lo general, puede deducir sus gastos de estudios como gastos de negocios. Unemployment tax form Si no trabaja por cuenta propia, puede deducir gastos de negocios sólo si detalla sus deducciones. Unemployment tax form No puede deducir gastos relacionados con ingresos exentos ni excluidos de impuestos. Unemployment tax form Gastos deducibles. Unemployment tax form   Se pueden deducir los siguientes gastos de estudios: Matrícula, libros, útiles escolares, cuotas de laboratorio y artículos similares. Unemployment tax form Ciertos costos de transporte y viajes. Unemployment tax form Otros gastos de estudios, como costos de investigación y de procesamiento de palabras (mecanografía) al escribir un ensayo o tésis como parte de un programa de estudios. Unemployment tax form Gastos no deducibles. Unemployment tax form   No puede deducir sus gastos personales o de capital. Unemployment tax form Por ejemplo, no puede deducir el valor en dólares de un período de vacaciones o permiso anual (vacaciones remuneradas) que toma para asistir a clases. Unemployment tax form Esta cantidad es un gasto personal. Unemployment tax form Reembolso no reclamado. Unemployment tax form   Aun si no reclama reembolsos a los que tiene derecho a recibir de su empleador, no puede deducir los gastos correspondientes a ese reembolso no reclamado. Unemployment tax form Ejemplo. Unemployment tax form Su empleador acuerda pagar sus gastos de estudios si usted presenta un vale que muestre sus gastos. Unemployment tax form Usted no presenta un vale y no se los reembolsan. Unemployment tax form Como no presentó un vale, no puede deducir los gastos en su declaración de impuestos. Unemployment tax form Gastos de Transporte Si sus estudios reúnen los requisitos, puede deducir los costos de transporte locales en los que tiene que incurrir para viajar directamente del trabajo a la escuela. Unemployment tax form Si tiene un trabajo habitual y asiste a la escuela de forma temporal, también puede deducir los costos de regreso de la escuela a su domicilio. Unemployment tax form Asistencia temporal. Unemployment tax form   Asiste a la escuela de manera temporal si alguna de las siguientes situaciones corresponde a su caso: Se espera de manera realista que su asistencia a la escuela dure 1 año o menos y en realidad dura 1 año o menos. Unemployment tax form Al principio, se espera de manera realista que su asistencia a la escuela dure 1 año o menos, pero posteriormente es factible que dure más de 1 año. Unemployment tax form Su asistencia es temporal hasta la fecha en la que determine que durará más de 1 año. Unemployment tax form Nota: Si se encuentra en la situación (1) o (2), su asistencia no es temporal si los hechos y las circunstancias indican lo contrario. Unemployment tax form Asistencia no temporal. Unemployment tax form   No asiste a la escuela de manera temporal si alguna de las siguientes situaciones le corresponde: Se espera de manera realista que su asistencia a la escuela dure más de 1 año. Unemployment tax form No importa cuánto tiempo de hecho asista. Unemployment tax form Al principio, se espera de manera realista que su asistencia a la escuela dure 1 año o menos, pero posteriormente se espera que dure más de 1 año. Unemployment tax form Su asistencia no es temporal después de la fecha en la que se determine que durará más de 1 año. Unemployment tax form Gastos de Transporte Deducibles Si trabaja de manera habitual y se dirige directamente de su domicilio a la escuela de manera temporal, puede deducir los costos del viaje de ida y regreso entre su domicilio y la escuela. Unemployment tax form Esto es aplicable sin importar la ubicación de dicho lugar, la distancia recorrida o si asiste a cursos en dicho lugar en días no laborables. Unemployment tax form Los gastos de transporte incluyen los costos reales de autobús, metro, taxi u otras tarifas, así como los costos del uso de su automóvil. Unemployment tax form Los gastos de transporte no incluyen cantidades gastadas por viaje, comidas o alojamiento cuando pasa la noche fuera de su casa. Unemployment tax form Ejemplo 1. Unemployment tax form Trabaja habitualmente en una ciudad cercana y viaja directamente del trabajo a su domicilio. Unemployment tax form Asimismo, asiste a la escuela cada noche entre semana durante 3 meses para tomar un curso que mejore sus destrezas laborales. Unemployment tax form Dado que asiste a una escuela de forma temporal, puede deducir sus gastos diarios de transporte de ida y regreso entre su domicilio y la escuela. Unemployment tax form Esto es aplicable independientemente de la distancia recorrida. Unemployment tax form Ejemplo 2. Unemployment tax form Suponga que se dan los mismos hechos que en el Ejemplo 1, salvo que algunas noches se dirige directamente del trabajo a la escuela y luego a su domicilio. Unemployment tax form Puede deducir sus gastos de transporte desde su lugar de trabajo habitual a la escuela y luego al domicilio. Unemployment tax form Ejemplo 3. Unemployment tax form Suponga que se dan los mismos hechos que en el Ejemplo 1, excepto que asiste a la escuela durante 9 meses todos los sábados, los cuales no son días laborables. Unemployment tax form Dado que asiste a la escuela de manera temporal, puede deducir sus gastos de transporte de ida y regreso entre su casa y la escuela. Unemployment tax form Ejemplo 4. Unemployment tax form Suponga que se dan los mismos hechos que en el Ejemplo 1, excepto que asiste a clases dos veces a la semana durante 15 meses. Unemployment tax form Dado que su asistencia a la escuela no se considera temporal, no puede deducir sus gastos de transporte entre su casa y la escuela. Unemployment tax form Si se dirige a la escuela directamente desde el trabajo, puede deducir los gastos de transporte de ida desde el trabajo a la escuela. Unemployment tax form Si del trabajo se dirige a su casa y luego a la escuela y regresa a su casa, sus gastos de transporte no pueden ser mayores que los gastos en los que hubiese incurrido de haber viajado directamente del trabajo a la escuela. Unemployment tax form Uso de su automóvil. Unemployment tax form   Si usa su automóvil (propio o arrendado) para viajar a la escuela, puede deducir sus gastos reales o utilizar la tarifa estándar de millaje para calcular la cantidad que puede deducir. Unemployment tax form La tarifa estándar por millas recorridas desde el 1 de enero de 2013 hasta el 31 de diciembre de 2013 es 56½ centavos por milla. Unemployment tax form Independientemente de los métodos que escoja, también puede deducir cargos de estacionamiento y peajes. Unemployment tax form Vea el capítulo 26 para obtener información acerca de la deducción de sus gastos reales por el uso de un automóvil. Unemployment tax form Gastos de Viaje Puede deducir gastos de viajes, comidas (vea Límite del 50% del costo de comidas , más adelante) y alojamiento si viaja de un día a otro principalmente para realizar estudios con derecho a deducción relacionados con el trabajo. Unemployment tax form Los gastos de viaje para estudios relacionados con el trabajo que reúnen los requisitos de la deducción reciben el mismo trato tributario que los gastos de viaje para otros propósitos de negocios del empleado. Unemployment tax form Para más información, vea el capítulo 26. Unemployment tax form No puede deducir gastos de actividades personales, como turismo, visitas o entretenimiento. Unemployment tax form Viajes principalmente con fines personales. Unemployment tax form   Si su viaje fuera de casa es principalmente con fines personales, no puede deducir todos sus gastos de viaje, comidas o alojamiento. Unemployment tax form Sólo puede deducir sus gastos de alojamiento y el 50% de sus gastos de comidas durante el período en el que asista a actividades de educación que reúnen los requisitos. Unemployment tax form   El determinar si el propósito del viaje es principalmente personal o para estudios depende de los hechos y las circunstancias. Unemployment tax form Un factor importante es la comparación del tiempo dedicado a actividades personales con el tiempo dedicado a actividades de educación. Unemployment tax form Si dedica más tiempo a actividades personales, el viaje se considera principalmente para estudios sólo si puede demostrar una razón importante y no personal de por qué viajó a un lugar específico. Unemployment tax form Ejemplo 1. Unemployment tax form Juan trabaja en Newark, Nueva Jersey. Unemployment tax form Viajó a Chicago para tomar un curso de una semana, a solicitud de su empleador, que puede deducir de sus impuestos. Unemployment tax form Su razón principal para viajar a Chicago fue el curso. Unemployment tax form Durante su estadía, realizó un viaje de turismo, salió a divertirse con algunos amigos y realizó un viaje adicional por el día a Pleasantville. Unemployment tax form Dado que el viaje era principalmente de negocios, Juan puede deducir su boleto aéreo de ida y vuelta a Chicago. Unemployment tax form No puede deducir los gastos de transporte de su viaje a Pleasantville. Unemployment tax form Sólo puede deducir las comidas (conforme al límite del 50%) y alojamiento relacionados con sus actividades educativas. Unemployment tax form Ejemplo 2. Unemployment tax form Susana trabaja en Boston. Unemployment tax form Asistió a una universidad en Michigan a fin de tomar un curso para su trabajo. Unemployment tax form El curso está relacionado con el trabajo y reúne los requisitos de la deducción. Unemployment tax form Tomó un curso, que corresponde a un cuarto de la carga de estudios a tiempo completo. Unemployment tax form El resto del tiempo lo dedicó a actividades personales. Unemployment tax form Sus razones para tomar el curso en Michigan fueron personales. Unemployment tax form El viaje de Susana es principalmente personal, ya que tres cuartos de su tiempo se consideran tiempo personal. Unemployment tax form No puede deducir el costo de su boleto de tren de ida y regreso a Michigan. Unemployment tax form Puede deducir un cuarto del costo de las comidas (conforme al límite del 50%) y del alojamiento del período en que asistió a la universidad. Unemployment tax form Ejemplo 3. Unemployment tax form David trabaja en Nashville y recientemente viajó a California para asistir a un seminario de 2 semanas. Unemployment tax form El seminario está relacionado con el trabajo y reúne los requisitos de la deducción. Unemployment tax form Durante su estadía, dedicó 8 semanas adicionales a actividades personales. Unemployment tax form Los hechos, incluida la estadía adicional de 8 semanas, demuestran que su finalidad principal era tomarse unas vacaciones. Unemployment tax form David no puede deducir su boleto de avión de ida y vuelta ni sus comidas y alojamiento durante las 8 semanas. Unemployment tax form Sólo puede deducir sus gastos por comida (sujeto al límite del 50%) y alojamiento durante las 2 semanas que asistió al seminario. Unemployment tax form Cruceros y congresos. Unemployment tax form   Algunos cruceros y congresos ofrecen seminarios o cursos como parte de su itinerario. Unemployment tax form Aun si los seminarios o cursos están relacionados con el trabajo, su deducción por viaje puede verse limitada. Unemployment tax form Esto es aplicable a: Viajes en buque transatlántico, crucero u otra forma de transporte marítimo de lujo y Congresos fuera del área de Norteamérica. Unemployment tax form   Si desea consultar más acerca de los límites de deducciones de gastos de viaje que sean aplicables a cruceros y congresos, vea Luxury Water Travel (Viajes en buques de lujo) y Conventions (Congresos) en el capítulo 1 de la Publicación 463, en inglés. Unemployment tax form Límite del 50% del costo de comidas. Unemployment tax form   Sólo puede deducir el 50% del costo de sus comidas cuando viaja fuera de casa para realizar estudios relacionados con el trabajo que reúnan los requisitos de la deducción. Unemployment tax form No se le pueden haber reembolsado los gastos por las comidas. Unemployment tax form   Los empleados tienen que usar el Formulario 2106 o el Formulario 2106-EZ para aplicar el límite del 50%. Unemployment tax form Viajes con Fines Educativos No puede deducir el costo de sus viajes con fines educativos, incluso si están directamente relacionados con los deberes de su trabajo o negocio. Unemployment tax form Ejemplo. Unemployment tax form Usted es maestro de francés. Unemployment tax form Durante una ausencia sabática otorgada para viajar, recorrió Francia para mejorar sus conocimientos del francés. Unemployment tax form Elige su itinerario y la mayoría de sus actividades con el fin de mejorar sus destrezas lingüísticas en francés. Unemployment tax form No puede deducir sus gastos de viaje como gastos de estudios. Unemployment tax form Esto es aplicable aunque haya dedicado la mayor parte del tiempo a aprender francés visitando escuelas y familias francesas, asistiendo a películas u obras de teatro y participando en actividades similares. Unemployment tax form No se Permiten Beneficios Dobles No se le permite hacer lo siguiente: Deducir los gastos de estudios relacionados con el trabajo como gastos de negocios si deduce estos gastos conforme con cualquier otra disposición de la ley, por ejemplo, la deducción de matrículas y cuotas (vea el capítulo 35). Unemployment tax form Deducir los gastos de estudios relacionados con el trabajo pagados con fondos de ayuda para los estudios provistos por el empleador, subvención o beca libre de impuestos. Unemployment tax form Vea Ajustes a Gastos de Estudios Relacionados con el Trabajo que Reúnen los Requisitos de la Deducción , a continuación. Unemployment tax form Ajustes a Gastos de Estudios Relacionados con el Trabajo que Reúnen los Requisitos de la Deducción Si paga gastos de estudios relacionados con el trabajo que reúnen los requisitos de la deducción con determinados fondos exentos de impuestos, no puede reclamar una deducción por estas cantidades. Unemployment tax form Tiene que reducir la cantidad de los gastos que reúnen los requisitos por la cantidad de tales gastos que le pueden corresponder a la asistencia para estudios exenta de impuestos. Unemployment tax form Para más información, vea el capítulo 12 de la Publicación 970, en inglés. Unemployment tax form La asistencia para estudios exenta de impuestos incluye: La parte exenta de impuestos de becas de estudios y becas de investigación (vea el capítulo 1 de la Publicación 970, en inglés); La parte exenta de impuestos de las subvenciones federales Pell (vea el capítulo 1 de la Publicación 970, en inglés); La parte exenta de impuestos de la asistencia para estudios provista por el empleador (vea el capítulo 11 de la Publicación 970, en inglés); Asistencia para estudios destinada a veteranos (vea el capítulo 1 de la Publicación 970, en inglés) y Cualquier otro pago no gravable (libre de impuestos) (que no sean regalos o herencias) que reciba como asistencia para los estudios. Unemployment tax form Cantidades que no reducen los gastos de estudios relacionados con el trabajo que reúnen los requisitos de la deducción. Unemployment tax form   No reduzca los gastos de estudios relacionados con el trabajo que reúnen los requisitos de la deducción las cantidades pagadas con fondos que el estudiante reciba como: Un pago por servicios, como salarios; Un préstamo; Un regalo; Una herencia o Un retiro de la cuenta de ahorros personal del estudiante. Unemployment tax form   Tampoco reduzca la cantidad de los gastos de estudios relacionados con el trabajo que reúnen los requisitos de la deducción por la cantidad de una beca de estudios o beca de investigación declarada como ingreso en la declaración de impuestos del estudiante ni becas que, según lo establecido, no se puedan aplicar a gastos de estudios relacionados con el trabajo que reúnen los requisitos de la deducción. Unemployment tax form Reembolsos El trato tributario que dé a los reembolsos depende del acuerdo que tenga con su empleador. Unemployment tax form Existen dos tipos básicos de acuerdos de reembolso: planes con rendición de cuentas y planes sin rendición de cuentas. Unemployment tax form Puede determinar el tipo de plan mediante el cual se le reembolsa según la manera en que se declara el reembolso en su Formulario W-2. Unemployment tax form Para información sobre cómo tratar los reembolsos bajo planes con rendición de cuentas y planes sin rendición de cuentas, vea Reembolsos en el capítulo 26. Unemployment tax form Cómo Deducir Gastos de Negocios Las personas que trabajan por cuenta propia y los empleados declaran los gastos de negocios de manera diferente. Unemployment tax form La siguiente información explica qué formularios tiene que usar para deducir como gasto de negocios el costo de sus estudios relacionados con el trabajo que reúnen los requisitos de la deducción. Unemployment tax form Personas que Trabajan por Cuenta Propia Si trabaja por cuenta propia, declare el costo de sus estudios relacionados con el trabajo que reúnen los requisitos de la deducción en el formulario correspondiente que se utilizó para declarar su ingreso de negocio y gastos (generalmente en el Anexo C, C-EZ o F). Unemployment tax form Si sus gastos de estudios incluyen gastos de automóvil o camión, viajes o comidas, declare estos gastos de la misma forma en la que declara los demás gastos de negocios para esas partidas. Unemployment tax form Vea las instrucciones del formulario que presente para obtener información acerca de cómo completarlo. Unemployment tax form Empleados Si es empleado, puede deducir el costo de estudios relacionados con el trabajo que reúnen los requisitos de la deducción sólo si: No recibió (y no tuvo derecho a recibir) reembolsos de su empleador; Se le reembolsó conforme a un plan sin rendición de cuentas (la cantidad se incluye en el recuadro 1 del Formulario W-2) o Recibió un reembolso conforme a un plan con rendición de cuentas, pero la cantidad recibida fue menor que sus gastos por los cuales usted reclamó un reembolso. Unemployment tax form Si le corresponde el punto (1) o (2), puede deducir la totalidad del costo que reúne los requisitos de la deducción. Unemployment tax form Si le corresponde el punto (3), puede deducir sólo los costos mayores que su reembolso que reúnen los requisitos de la deducción. Unemployment tax form Para deducir como gasto de negocios el costo de sus estudios relacionados con el trabajo que reúnen los requisitos de la deducción, incluya la cantidad con su deducción para todos los demás gastos de negocios del empleado en la línea 21 del Anexo A (Formulario 1040). Unemployment tax form (Más adelante se explican las reglas especiales para gastos de ciertos artistas del espectáculo y funcionarios a los que se les pagan honorarios y para gastos de trabajo relacionados con un impedimento). Unemployment tax form Esta deducción (con la excepción de los gastos del trabajo relacionados con el impedimento de personas discapacitadas) está sujeta al límite de ingreso bruto ajustado del 2% aplicable a la mayoría de las deducciones detalladas misceláneas. Unemployment tax form Vea el capítulo 28. Unemployment tax form Formulario 2106 o 2106-EZ. Unemployment tax form   Para calcular su deducción con respecto a los gastos de negocios del empleado, incluidos los estudios relacionados con el trabajo que reúnen los requisitos de la deducción, por lo general tiene que completar el Formulario 2106 o el Formulario 2106-EZ. Unemployment tax form No se requiere el formulario. Unemployment tax form   No complete el Formulario 2106 ni el Formulario 2106-EZ si: Las cantidades incluidas en el recuadro 1 de su Formulario W-2 no se consideran reembolsos y No declara gastos de viaje, transporte, comidas o entretenimiento. Unemployment tax form   Si cumple los dos requisitos anteriores, anote los gastos directamente en la línea 21 del Anexo A (Formulario 1040). Unemployment tax form (Más adelante se explican las reglas especiales para gastos de ciertos artistas del espectáculo y funcionarios a los que se les pagan honorarios y para gastos de trabajo relacionados con un impedimento). Unemployment tax form Uso del Formulario 2106-EZ. Unemployment tax form   Este formulario es más corto y fácil de usar que el Formulario 2106. Unemployment tax form Por lo general, puede usar este formulario si: Todos los reembolsos, si los hubiera, se incluyeron en el recuadro 1 de su Formulario W-2 y Utiliza la tarifa estándar por millas si declara gastos de vehículo. Unemployment tax form   Si no cumple estos dos requisitos, utilice el Formulario 2106. Unemployment tax form Artistas del Espectáculo y Funcionarios a los que se les Pagan Honorarios Si es artista del espectáculo que reúne los requisitos o funcionario del gobierno estatal (o local) que recibe su pago total o en parte de honorarios, puede deducir el costo de sus estudios relacionado con el trabajo que reúne los requisitos de la deducción como ajuste al ingreso bruto en lugar de una deducción detallada. Unemployment tax form Incluya el costo de sus estudios relacionados con el trabajo que reúnen los requisitos de la deducción junto con todos los demás gastos de negocios del empleado y anote el total en la línea 24 del Formulario 1040. Unemployment tax form No tiene que detallar sus deducciones en el Anexo A (Formulario 1040) y, por lo tanto, la deducción no está sujeta al límite de ingreso bruto ajustado del 2%. Unemployment tax form Tiene que completar el Formulario 2106 o 2106-EZ para calcular su deducción, incluso si cumple los requisitos descritos anteriormente bajo No se requiere el formulario . Unemployment tax form Para más información acerca de los artistas del espectáculo que reúnen los requisitos, vea el capítulo 6 de la Publicación 463, en inglés. Unemployment tax form Gastos de Trabajo Relacionados con un Impedimento Si está incapacitado y tiene gastos de trabajo relacionados con un impedimento que sean necesarios para permitirle realizar estudios relacionados con el trabajo, que reúnen los requisitos de la deducción, puede deducir estos gastos en la línea 28 del Anexo A (Formulario 1040). Unemployment tax form No están sujetos al límite del 2% del ingreso bruto ajustado. Unemployment tax form Para deducir estos gastos, tiene que completar el Formulario 2106 o 2106-EZ, aun si cumple los requisitos descritos anteriormente en No se requiere el formulario . Unemployment tax form Para más información acerca de gastos de trabajo relacionados con un impedimento, vea el capítulo 6 de la Publicación 463, en inglés. Unemployment tax form Documentación Tiene que mantener documentación como comprobante de las deducciones reclamadas en su declaración de impuestos. Unemployment tax form Por lo general, debe mantener su documentación durante 3 años desde la fecha de presentación de la declaración y de haber reclamado la deducción. Unemployment tax form Para obtener información específica acerca de cómo mantener documentación de los gastos de negocios, vea Mantenimiento de Documentación en el capítulo 26. Unemployment tax form Prev  Up  Next   Home   More Online Publications