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What If I Didn T File Taxes In 2011

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What If I Didn T File Taxes In 2011

What if i didn t file taxes in 2011 Publication 1212 - Main Content Table of Contents Definitions Debt Instruments on the OID List Debt Instruments Not on the OID List Information for Brokers and Other MiddlemenShort-Term Obligations Redeemed at Maturity Long-Term Debt Instruments Certificates of Deposit Bearer Bonds and Coupons Backup Withholding Information for Owners of OID Debt InstrumentsExceptions. What if i didn t file taxes in 2011 Adjustment for premium. What if i didn t file taxes in 2011 Adjustment for acquisition premium. What if i didn t file taxes in 2011 Adjustment for market discount. What if i didn t file taxes in 2011 Form 1099-OID How To Report OID Figuring OID on Long-Term Debt Instruments Figuring OID on Stripped Bonds and Coupons How To Get Tax HelpLow Income Taxpayer Clinics Definitions The following terms are used throughout this publication. What if i didn t file taxes in 2011 “Original issue discount” is defined first. What if i didn t file taxes in 2011 The other terms are listed alphabetically. What if i didn t file taxes in 2011 Original issue discount (OID). What if i didn t file taxes in 2011   OID is a form of interest. What if i didn t file taxes in 2011 It is the excess of a debt instrument's stated redemption price at maturity over its issue price (acquisition price for a stripped bond or coupon). What if i didn t file taxes in 2011 Zero coupon bonds and debt instruments that pay no stated interest until maturity are examples of debt instruments that have OID. What if i didn t file taxes in 2011 Accrual period. What if i didn t file taxes in 2011   An accrual period is an interval of time used to measure OID. What if i didn t file taxes in 2011 The length of an accrual period can be 6 months, a year, or some other period, depending on when the debt instrument was issued. What if i didn t file taxes in 2011 Acquisition premium. What if i didn t file taxes in 2011   Acquisition premium is the excess of a debt instrument's adjusted basis immediately after purchase, including purchase at original issue, over the debt instrument's adjusted issue price at that time. What if i didn t file taxes in 2011 A debt instrument does not have acquisition premium, however, if the debt instrument was purchased at a premium. What if i didn t file taxes in 2011 See Premium, later. What if i didn t file taxes in 2011 Adjusted issue price. What if i didn t file taxes in 2011   The adjusted issue price of a debt instrument at the beginning of an accrual period is used to figure the OID allocable to that period. What if i didn t file taxes in 2011 In general, the adjusted issue price at the beginning of the debt instrument's first accrual period is its issue price. What if i didn t file taxes in 2011 The adjusted issue price at the beginning of any subsequent accrual period is the sum of the issue price and all the OID includible in income before that accrual period minus any payment previously made on the debt instrument, other than a payment of qualified stated interest. What if i didn t file taxes in 2011 Debt instrument. What if i didn t file taxes in 2011   The term “debt instrument” means any instrument or contractual arrangement that constitutes indebtedness under general principles of federal income tax law (including, for example, a bond, debenture, note, certificate, or other evidence of indebtedness). What if i didn t file taxes in 2011 It generally does not include an annuity contract. What if i didn t file taxes in 2011 Issue price. What if i didn t file taxes in 2011   For debt instruments listed in Section I-A and Section I-B, the issue price generally is the initial offering price to the public (excluding bond houses and brokers) at which a substantial amount of these instruments was sold. What if i didn t file taxes in 2011 Market discount. What if i didn t file taxes in 2011   Market discount arises when a debt instrument purchased in the secondary market has decreased in value since its issue date, generally because of an increase in interest rates. What if i didn t file taxes in 2011 An OID debt instrument has market discount if your adjusted basis in the debt instrument immediately after you acquired it (usually its purchase price) was less than the debt instrument's issue price plus the total OID that accrued before you acquired it. What if i didn t file taxes in 2011 The market discount is the difference between the issue price plus accrued OID and your adjusted basis. What if i didn t file taxes in 2011 Premium. What if i didn t file taxes in 2011   A debt instrument is purchased at a premium if its adjusted basis immediately after purchase is greater than the total of all amounts payable on the debt instrument after the purchase date, other than qualified stated interest. What if i didn t file taxes in 2011 The premium is the excess of the adjusted basis over the payable amounts. What if i didn t file taxes in 2011 See Publication 550 for information on the tax treatment of bond premium. What if i didn t file taxes in 2011 Qualified stated interest. What if i didn t file taxes in 2011   In general, qualified stated interest is stated interest that is unconditionally payable in cash or property (other than debt instruments of the issuer) at least annually over the term of the debt instrument at a single fixed rate. What if i didn t file taxes in 2011 Stated redemption price at maturity. What if i didn t file taxes in 2011   A debt instrument's stated redemption price at maturity is the sum of all amounts (principal and interest) payable on the debt instrument other than qualified stated interest. What if i didn t file taxes in 2011 Yield to maturity (YTM). What if i didn t file taxes in 2011   In general, the YTM is the discount rate that, when used in figuring the present value of all principal and interest payments, produces an amount equal to the issue price of the debt instrument. What if i didn t file taxes in 2011 The YTM is generally shown on the face of the debt instrument or in the literature you receive from your broker. What if i didn t file taxes in 2011 If you do not have this information, consult your broker, tax advisor, or the issuer. What if i didn t file taxes in 2011 Debt Instruments on the OID List The OID list on the IRS website can be used by brokers and other middlemen to prepare information returns. What if i didn t file taxes in 2011 If you own a listed debt instrument, you generally should not rely on the information in the OID list to determine (or compare) the OID to be reported on your tax return. What if i didn t file taxes in 2011 The OID amounts listed are figured without reference to the price or date at which you acquired the debt instrument. What if i didn t file taxes in 2011 For information about determining the OID to be reported on your tax return, see the instructions for figuring OID under Information for Owners of OID Debt Instruments, later. What if i didn t file taxes in 2011 The following discussions explain what information is contained in each section of the list. What if i didn t file taxes in 2011 Section I. What if i didn t file taxes in 2011   This section contains publicly offered, long-term debt instruments. What if i didn t file taxes in 2011 Section I-A: Corporate Debt Instruments Issued Before 1985. What if i didn t file taxes in 2011 Section I-B: Corporate Debt Instruments Issued After 1984. What if i didn t file taxes in 2011 Section I-C: Inflation-Indexed Debt Instruments. What if i didn t file taxes in 2011 For each publicly offered debt instrument in Section I, the list contains the following information. What if i didn t file taxes in 2011 The name of the issuer. What if i didn t file taxes in 2011 The Committee on Uniform Security Identification Procedures (CUSIP) number. What if i didn t file taxes in 2011 The issue date. What if i didn t file taxes in 2011 The maturity date. What if i didn t file taxes in 2011 The issue price expressed as a percent of principal or of stated redemption price at maturity. What if i didn t file taxes in 2011 The annual stated or coupon interest rate. What if i didn t file taxes in 2011 (This rate is shown as 0. What if i didn t file taxes in 2011 00 if no annual interest payments are provided. What if i didn t file taxes in 2011 ) The yield to maturity will be added to Section I-B for bonds issued after December 31, 2006. What if i didn t file taxes in 2011 The total OID accrued up to January 1 of a calendar year. What if i didn t file taxes in 2011 (This information is not available for every instrument. What if i didn t file taxes in 2011 ) For long-term debt instruments issued after July 1, 1982, the daily OID for the accrual periods falling in a calendar year and a subsequent year. What if i didn t file taxes in 2011 The total OID per $1,000 of principal or maturity value for a calendar year and a subsequent year. What if i didn t file taxes in 2011 Section II. What if i didn t file taxes in 2011   This section contains stripped coupons and principal components of U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 Treasury and Government-Sponsored Enterprise debt instruments. What if i didn t file taxes in 2011 These stripped components are available through the Department of the Treasury's Separate Trading of Registered Interest and Principal of Securities (STRIPS) program and government-sponsored enterprises such as the Resolution Funding Corporation. What if i didn t file taxes in 2011 This section also includes debt instruments backed by U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 Treasury securities that represent ownership interests in those securities. What if i didn t file taxes in 2011   The obligations listed in Section II are arranged by maturity date. What if i didn t file taxes in 2011 The amounts listed are the total OID for a calendar year per $1,000 of redemption price. What if i didn t file taxes in 2011 Section III. What if i didn t file taxes in 2011   This section contains short-term discount obligations. What if i didn t file taxes in 2011 Section III-A: Short-Term U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 Treasury Bills. What if i didn t file taxes in 2011 Section III-B: Federal Home Loan Banks. What if i didn t file taxes in 2011 Section III-C: Federal National Mortgage Association. What if i didn t file taxes in 2011 Section III-D: Federal Farm Credit Banks. What if i didn t file taxes in 2011 Section III-E: Federal Home Loan Mortgage Corporation. What if i didn t file taxes in 2011 Section III-F: Federal Agricultural Mortgage Corporation. What if i didn t file taxes in 2011    Information that supplements Section III-A is available on the Internet at http://www. What if i didn t file taxes in 2011 treasurydirect. What if i didn t file taxes in 2011 gov/tdhome. What if i didn t file taxes in 2011 htm. What if i didn t file taxes in 2011   The short-term obligations listed in this section are arranged by maturity date. What if i didn t file taxes in 2011 For each obligation, the list contains the CUSIP number, maturity date, issue date, issue price (expressed as a percent of principal), and discount to be reported as interest for a calendar year per $1,000 of redemption price. What if i didn t file taxes in 2011 Brokers and other middlemen should rely on the issue price information in Section III only if they are unable to determine the price actually paid by the owner. What if i didn t file taxes in 2011 Debt Instruments Not on the OID List The list of debt instruments discussed earlier does not contain the following items. What if i didn t file taxes in 2011 U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 savings bonds. What if i didn t file taxes in 2011 Certificates of deposit and other face-amount certificates issued at a discount, including syndicated certificates of deposit. What if i didn t file taxes in 2011 Obligations issued by tax-exempt organizations. What if i didn t file taxes in 2011 OID debt instruments that matured or were entirely called by the issuer before the tables were posted on the IRS website. What if i didn t file taxes in 2011 Mortgage-backed securities and mortgage participation certificates. What if i didn t file taxes in 2011 Long-term OID debt instruments issued before May 28, 1969. What if i didn t file taxes in 2011 Short-term obligations, other than the obligations listed in Section III. What if i didn t file taxes in 2011 Debt instruments issued at a discount by states or their political subdivisions. What if i didn t file taxes in 2011 REMIC regular interests and CDOs. What if i didn t file taxes in 2011 Commercial paper and banker's acceptances issued at a discount. What if i didn t file taxes in 2011 Obligations issued at a discount by individuals. What if i didn t file taxes in 2011 Foreign obligations not traded in the United States and obligations not issued in the United States. What if i didn t file taxes in 2011 Information for Brokers and Other Middlemen The following discussions contain specific instructions for brokers and middlemen who hold or redeem a debt instrument for the owner. What if i didn t file taxes in 2011 In general, you must file a Form 1099 for the debt instrument if the interest or OID to be included in the owner's income for a calendar year totals $10 or more. What if i didn t file taxes in 2011 You also must file a Form 1099 if you were required to deduct and withhold tax, even if the interest or OID is less than $10. What if i didn t file taxes in 2011 See Backup Withholding, later. What if i didn t file taxes in 2011 If you must file a Form 1099, furnish a copy to the owner of the debt instrument by January 31 in the year it is due. What if i didn t file taxes in 2011 File all your Forms 1099 with the IRS, accompanied by Form 1096, by February 28 in the year it is due (March 31 if you file electronically). What if i didn t file taxes in 2011 Electronic payee statements. What if i didn t file taxes in 2011   You can issue Form 1099-OID electronically with the consent of the recipient. What if i didn t file taxes in 2011 More information. What if i didn t file taxes in 2011   For more information, including penalties for failure to file (or furnish) required information returns or statements, see the General Instructions for Certain Information Returns (Forms 1098, 1099, 3921, 3922, 5498, and W-2G) for the appropriate calendar year. What if i didn t file taxes in 2011 Short-Term Obligations Redeemed at Maturity If you redeem a short-term discount obligation for the owner at maturity, you must report the discount as interest on Form 1099-INT. What if i didn t file taxes in 2011 To figure the discount, use the purchase price shown on the owner's copy of the purchase confirmation receipt or similar record, or the price shown in your transaction records. What if i didn t file taxes in 2011 If you sell the obligation for the owner before maturity, you must file Form 1099-B to reflect the gross proceeds to the seller. What if i didn t file taxes in 2011 Do not report the accrued discount to the date of sale on either Form 1099-INT or Form 1099-OID. What if i didn t file taxes in 2011 If the owner's purchase price cannot be determined, figure the discount as if the owner had purchased the obligation at its original issue price. What if i didn t file taxes in 2011 A special rule is used to determine the original issue price for information reporting on U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 Treasury bills (T-bills) listed in Section III-A. What if i didn t file taxes in 2011 Under this rule, you treat as the original issue price of the T-bill the noncompetitive (weighted average of accepted auction bids) discount price for the longest-maturity T-bill maturing on the same date as the T-bill being redeemed. What if i didn t file taxes in 2011 This noncompetitive discount price is the issue price (expressed as a percent of principal) shown in Section III-A. What if i didn t file taxes in 2011 A similar rule is used to figure the discount on short-term discount obligations issued by the organizations listed in Section III-B through Section III-F. What if i didn t file taxes in 2011 Example 1. What if i didn t file taxes in 2011 There are 13-week and 26-week T-bills maturing on the same date as the T-bill being redeemed. What if i didn t file taxes in 2011 The price actually paid by the owner cannot be established by owner or middleman records. What if i didn t file taxes in 2011 You treat as the issue price of the T-bill the noncompetitive discount price (expressed as a percent of principal) shown in Section III-A for a 26-week bill maturing on the same date as the T-bill redeemed. What if i didn t file taxes in 2011 The interest you report on Form 1099-INT is the OID (per $1,000 of principal) shown in Section III-A for that obligation. What if i didn t file taxes in 2011 Long-Term Debt Instruments If you hold a long-term OID debt instrument as a nominee for the true owner, you generally must file Form 1099-OID. What if i didn t file taxes in 2011 For this purpose, you can rely on Section I of the OID list to determine the following information. What if i didn t file taxes in 2011 Whether a debt instrument has OID. What if i didn t file taxes in 2011 The OID to be reported on the Form 1099-OID. What if i didn t file taxes in 2011 In general, you must report OID on publicly offered, long-term debt instruments listed in Section I. What if i didn t file taxes in 2011 You also can report OID on other long-term debt instruments. What if i didn t file taxes in 2011 Form 1099-OID. What if i didn t file taxes in 2011   On Form 1099-OID for a calendar year show the following information. What if i didn t file taxes in 2011 Box 1. What if i didn t file taxes in 2011 The OID for the actual dates the owner held the debt instruments during a calendar year. What if i didn t file taxes in 2011 To determine this amount, see Figuring OID, next. What if i didn t file taxes in 2011 Box 2. What if i didn t file taxes in 2011 The qualified stated interest paid or credited during the calendar year. What if i didn t file taxes in 2011 Interest reported here is not reported on Form 1099-INT. What if i didn t file taxes in 2011 The qualified stated interest on Treasury inflation-protected securities may be reported on Form 1099-INT in box 3 instead. What if i didn t file taxes in 2011 Box 3. What if i didn t file taxes in 2011 Any interest or principal forfeited because of an early withdrawal that the owner can deduct from gross income. What if i didn t file taxes in 2011 Do not reduce the amounts in boxes 1 and 2 by the forfeiture. What if i didn t file taxes in 2011 Box 4. What if i didn t file taxes in 2011 Any backup withholding for this debt instrument. What if i didn t file taxes in 2011 Box 7. What if i didn t file taxes in 2011 The CUSIP number, if any. What if i didn t file taxes in 2011 If there is no CUSIP number, give a description of the debt instrument, including the abbreviation for the stock exchange, the abbreviation used by the stock exchange for the issuer, the coupon rate, and the year of maturity (for example, NYSE XYZ 12. What if i didn t file taxes in 2011 50 2006). What if i didn t file taxes in 2011 If the issuer of the debt instrument is other than the payer, show the name of the issuer in this box. What if i didn t file taxes in 2011 Box 8. What if i didn t file taxes in 2011 The OID on a U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 Treasury obligation for the part of the year the owner held the debt instrument. What if i didn t file taxes in 2011 Box 9. What if i didn t file taxes in 2011 Investment expenses passed on to holders of a single-class REMIC. What if i didn t file taxes in 2011 Boxes 10-12. What if i didn t file taxes in 2011 Use to report any state income tax withheld for this debt instrument. What if i didn t file taxes in 2011 Figuring OID. What if i didn t file taxes in 2011   You can determine the OID on a long-term debt instrument by using either of the following. What if i didn t file taxes in 2011 Section I of the OID list. What if i didn t file taxes in 2011 The income tax regulations. What if i didn t file taxes in 2011 Using Section I. What if i didn t file taxes in 2011   If the owner held the debt instrument for the entire calendar year, report the OID shown in Section I for the calendar year. What if i didn t file taxes in 2011 Because OID is listed for each $1,000 of stated redemption price at maturity, you must adjust the listed amount to reflect the debt instrument's actual stated redemption price at maturity. What if i didn t file taxes in 2011 For example, if the debt instrument's stated redemption price at maturity is $500, report one-half the listed OID. What if i didn t file taxes in 2011   If the owner held the debt instrument for less than the entire calendar year, figure the OID to report as follows. What if i didn t file taxes in 2011 Look up the daily OID for the first accrual period in the calendar year during which the owner held the debt instrument. What if i didn t file taxes in 2011 Multiply the daily OID by the number of days the owner held the debt instrument during that accrual period. What if i didn t file taxes in 2011 Repeat steps (1) and (2) for any remaining accrual periods for the year during which the owner held the debt instrument. What if i didn t file taxes in 2011 Add the results in steps (2) and (3) to determine the owner's OID per $1,000 of stated redemption price at maturity. What if i didn t file taxes in 2011 If necessary, adjust the OID in (4) to reflect the debt instrument's stated redemption price at maturity. What if i didn t file taxes in 2011 Report the result on Form 1099-OID in box 1. What if i didn t file taxes in 2011 Using the income tax regulations. What if i didn t file taxes in 2011   Instead of using Section I to figure OID, you can use the regulations under sections 1272 through 1275 of the Internal Revenue Code. What if i didn t file taxes in 2011 For example, under the regulations, you can use monthly accrual periods in figuring OID for a debt instrument issued after April 3, 1994, that provides for monthly payments. What if i didn t file taxes in 2011 (If you use Section I-B, the OID is figured using 6-month accrual periods. What if i didn t file taxes in 2011 )   For a general explanation of the rules for figuring OID under the regulations, see Figuring OID on Long-Term Debt Instruments under Information for Owners of OID Debt Instruments, later. What if i didn t file taxes in 2011 Certificates of Deposit If you hold a bank certificate of deposit (CD) as a nominee, you must determine whether the CD has OID and any OID includible in the income of the owner. What if i didn t file taxes in 2011 You must file an information return showing the reportable interest and OID, if any, on the CD. What if i didn t file taxes in 2011 These rules apply whether or not you sold the CD to the owner. What if i didn t file taxes in 2011 Report OID on a CD in the same way as OID on other debt instruments. What if i didn t file taxes in 2011 See Short-Term Obligations Redeemed at Maturity and Long-Term Debt Instruments, earlier. What if i didn t file taxes in 2011 Bearer Bonds and Coupons If a coupon from a bearer bond is presented to you for collection before the bond matures, you generally must report the interest on Form 1099-INT. What if i didn t file taxes in 2011 However, do not report the interest if either of the following apply. What if i didn t file taxes in 2011 You hold the bond as a nominee for the true owner. What if i didn t file taxes in 2011 The payee is a foreign person. What if i didn t file taxes in 2011 See Payments to foreign person under Backup Withholding, later. What if i didn t file taxes in 2011 Because you cannot assume the presenter of the coupon also owns the bond, you should not report OID on the bond on Form 1099-OID. What if i didn t file taxes in 2011 The coupon may have been “stripped” (separated) from the bond and separately purchased. What if i didn t file taxes in 2011 However, if a long-term bearer bond on the OID list is presented to you for redemption upon call or maturity, you should prepare a Form 1099-OID showing the OID for that calendar year, as well as any coupon interest payments collected at the time of redemption. What if i didn t file taxes in 2011 Backup Withholding If you report OID on Form 1099-OID or interest on Form 1099-INT for a calendar year, you may be required to apply backup withholding to the reportable payment at a rate of 28%. What if i didn t file taxes in 2011 The backup withholding is deducted at the time a cash payment is made. What if i didn t file taxes in 2011 See Pub. What if i didn t file taxes in 2011 1281, Backup Withholding for Missing and Incorrect Name/TIN(s), for more information. What if i didn t file taxes in 2011 Backup withholding generally applies in the following situations. What if i didn t file taxes in 2011 The payee does not give you a taxpayer identification number (TIN). What if i didn t file taxes in 2011 The IRS notifies you that the payee gave an incorrect TIN. What if i didn t file taxes in 2011 The IRS notifies you that the payee is subject to backup withholding due to payee underreporting. What if i didn t file taxes in 2011 For debt instruments acquired after 1983: The payee does not certify, under penalties of perjury, that he or she is not subject to backup withholding under (3), or The payee does not certify, under penalties of perjury, that the TIN given is correct. What if i didn t file taxes in 2011 However, for short-term discount obligations (other than government obligations), bearer bonds and coupons, and U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 savings bonds, backup withholding applies only if the payee does not give you a TIN or gives you an obviously incorrect number for a TIN. What if i didn t file taxes in 2011 Short-term obligations. What if i didn t file taxes in 2011   Backup withholding applies to OID on a short-term obligation only when the OID is paid at maturity. What if i didn t file taxes in 2011 However, backup withholding applies to any interest payable before maturity when the interest is paid or credited. What if i didn t file taxes in 2011   If the owner of a short-term obligation at maturity is not the original owner and can establish the purchase price of the obligation, the amount subject to backup withholding must be determined by treating the purchase price as the issue price. What if i didn t file taxes in 2011 However, you can choose to disregard that price if it would require significant manual intervention in the computer or recordkeeping system used for the obligation. What if i didn t file taxes in 2011 If the purchase price of a listed obligation is not established or is disregarded, you must use the issue price shown in Section III. What if i didn t file taxes in 2011 Long-term obligations. What if i didn t file taxes in 2011   If no cash payments are made on a long-term obligation before maturity, backup withholding applies only at maturity. What if i didn t file taxes in 2011 The amount subject to backup withholding is the OID includible in the owner's gross income for the calendar year when the obligation matures. What if i didn t file taxes in 2011 The amount to be withheld is limited to the cash paid. What if i didn t file taxes in 2011 Registered long-term obligations with cash payments. What if i didn t file taxes in 2011   If a registered long-term obligation has cash payments before maturity, backup withholding applies when a cash payment is made. What if i didn t file taxes in 2011 The amount subject to backup withholding is the total of the qualified stated interest (defined earlier under Definitions) and OID includible in the owner's gross income for the calendar year when the payment is made. What if i didn t file taxes in 2011 If more than one cash payment is made during the year, the OID subject to withholding for the year must be allocated among the expected cash payments in the ratio that each bears to the total of the expected cash payments. What if i didn t file taxes in 2011 For any payment, the required withholding is limited to the cash paid. What if i didn t file taxes in 2011 Payee not the original owner. What if i didn t file taxes in 2011   If the payee is not the original owner of the obligation, the OID subject to backup withholding is the OID includible in the gross income of all owners during the calendar year (without regard to any amount paid by the new owner at the time of transfer). What if i didn t file taxes in 2011 The amount subject to backup withholding at maturity of a listed obligation must be determined using the issue price shown in Section I. What if i didn t file taxes in 2011 Bearer long-term obligations with cash payments. What if i didn t file taxes in 2011   If a bearer long-term obligation has cash payments before maturity, backup withholding applies when the cash payments are made. What if i didn t file taxes in 2011 For payments before maturity, the amount subject to withholding is the qualified stated interest (defined earlier under Definitions) includible in the owner's gross income for the calendar year. What if i didn t file taxes in 2011 For a payment at maturity, the amount subject to withholding is only the total of any qualified stated interest paid at maturity and the OID includible in the owner's gross income for the calendar year when the obligation matures. What if i didn t file taxes in 2011 The required withholding at maturity is limited to the cash paid. What if i didn t file taxes in 2011 Sales and redemptions. What if i didn t file taxes in 2011   If you report the gross proceeds from a sale, exchange, or redemption of a debt instrument on Form 1099-B for a calendar year, you may be required to withhold 28% of the amount reported. What if i didn t file taxes in 2011 Backup withholding applies in the following situations. What if i didn t file taxes in 2011 The payee does not give you a TIN. What if i didn t file taxes in 2011 The IRS notifies you that the payee gave an incorrect TIN. What if i didn t file taxes in 2011 For debt instruments held in an account opened after 1983, the payee does not certify, under penalties of perjury, that the TIN given is correct. What if i didn t file taxes in 2011 Payments outside the United States to U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 person. What if i didn t file taxes in 2011   The requirements for backup withholding and information reporting apply to payments of OID and interest made outside the United States to a U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 person, a controlled foreign corporation, or a foreign person at least 50% of whose income for the preceding 3-year period is effectively connected with the conduct of a U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 trade or business. What if i didn t file taxes in 2011 Payments to foreign person. What if i didn t file taxes in 2011   The following discussions explain the rules for backup withholding and information reporting on payments to foreign persons. What if i didn t file taxes in 2011 U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 -source amount. What if i didn t file taxes in 2011   Backup withholding and information reporting are not required for payments of U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 -source OID, interest, or proceeds from a sale or redemption of an OID instrument if the payee has given you proof (generally the appropriate Form W-8 or an acceptable substitute) that the payee is a foreign person. What if i didn t file taxes in 2011 A U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 resident is not a foreign person. What if i didn t file taxes in 2011 For proof of the payee's foreign status, you can rely on the appropriate Form W-8 or on documentary evidence for payments made outside the United States to an offshore account or, in case of broker proceeds, a sale effected outside the United States. What if i didn t file taxes in 2011 Receipt of the appropriate Form W-8 does not relieve you from information reporting and backup withholding if you actually know the payee is a U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 person. What if i didn t file taxes in 2011   For information about the 28% withholding tax that may apply to payments of U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 -source OID or interest to foreign persons, see Publication 515. What if i didn t file taxes in 2011 Foreign-source amount. What if i didn t file taxes in 2011   Backup withholding and information reporting are not required for payments of foreign-source OID and interest made outside the United States. What if i didn t file taxes in 2011 However, if the payments are made inside the United States, the requirements for backup withholding and information reporting will apply unless the payee has given you the appropriate Form W-8 or acceptable substitute as proof that the payee is a foreign person. What if i didn t file taxes in 2011 More information. What if i didn t file taxes in 2011   For more information about backup withholding and information reporting on foreign-source amounts or payments to foreign persons, see Regulations section 1. What if i didn t file taxes in 2011 6049-5. What if i didn t file taxes in 2011 Information for Owners of OID Debt Instruments This section is for persons who prepare their own tax returns. What if i didn t file taxes in 2011 It discusses the income tax rules for figuring and reporting OID on long-term debt instruments. What if i didn t file taxes in 2011 It also includes a similar discussion for stripped bonds and coupons, such as zero coupon bonds available through the Department of the Treasury's STRIPS program and government-sponsored enterprises such as the Resolution Funding Corporation. What if i didn t file taxes in 2011 However, the information provided does not cover every situation. What if i didn t file taxes in 2011 More information can be found in the regulations under sections 1271 through 1275 of the Internal Revenue Code. What if i didn t file taxes in 2011 Including OID in income. What if i didn t file taxes in 2011   Generally, you include OID in income as it accrues each year, whether or not you receive any payments from the debt instrument issuer. What if i didn t file taxes in 2011 Exceptions. What if i didn t file taxes in 2011   The rules for including OID in income as it accrues generally do not apply to the following debt instruments. What if i didn t file taxes in 2011 U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 savings bonds. What if i didn t file taxes in 2011 Tax-exempt obligations. What if i didn t file taxes in 2011 (However, see Tax-Exempt Bonds and Coupons, later. What if i didn t file taxes in 2011 ) Obligations issued by individuals before March 2, 1984. What if i didn t file taxes in 2011 Loans of $10,000 or less between individuals who are not in the business of lending money. What if i didn t file taxes in 2011 (The dollar limit includes outstanding prior loans by the lender to the borrower. What if i didn t file taxes in 2011 ) This exception does not apply if a principal purpose of the loan is to avoid any federal tax. What if i didn t file taxes in 2011   See chapter 1 of Publication 550 for information about the rules for these and other types of discounted debt instruments, such as short-term and market discount obligations. What if i didn t file taxes in 2011 Publication 550 also discusses rules for holders of REMIC interests and CDOs. What if i didn t file taxes in 2011 De minimis rule. What if i didn t file taxes in 2011   You can treat OID as zero if the total OID on a debt instrument is less than one-fourth of 1% (. What if i didn t file taxes in 2011 0025) of the stated redemption price at maturity multiplied by the number of full years from the date of original issue to maturity. What if i didn t file taxes in 2011 Debt instruments with de minimis OID are not listed in this publication. What if i didn t file taxes in 2011 There are special rules to determine the de minimis amount in the case of debt instruments that provide for more than one payment of principal. What if i didn t file taxes in 2011 Also, the de minimis rules generally do not apply to tax-exempt obligations. What if i didn t file taxes in 2011 Example 2. What if i didn t file taxes in 2011 You bought at issuance a 10-year debt instrument with a stated redemption price at maturity of $1,000, issued at $980 with OID of $20. What if i didn t file taxes in 2011 One-fourth of 1% of $1,000 (the stated redemption price) times 10 (the number of full years from the date of original issue to maturity) equals $25. What if i didn t file taxes in 2011 Under the de minimis rule, you can treat the OID as zero because the $20 discount is less than $25. What if i didn t file taxes in 2011 Example 3. What if i didn t file taxes in 2011 Assume the same facts as Example 2, except the debt instrument was issued at $950. What if i didn t file taxes in 2011 You must report part of the $50 OID each year because it is more than $25. What if i didn t file taxes in 2011 Choice to report all interest as OID. What if i didn t file taxes in 2011   Generally, you can choose to treat all interest on a debt instrument acquired after April 3, 1994, as OID and include it in gross income by using the constant yield method. What if i didn t file taxes in 2011 See Constant yield method under Debt Instruments Issued After 1984, later, for more information. What if i didn t file taxes in 2011   For this choice, interest includes stated interest, acquisition discount, OID, de minimis OID, market discount, de minimis market discount, and unstated interest, as adjusted by any amortizable bond premium or acquisition premium. What if i didn t file taxes in 2011 For more information, see Regulations section 1. What if i didn t file taxes in 2011 1272-3. What if i didn t file taxes in 2011 Purchase after date of original issue. What if i didn t file taxes in 2011   A debt instrument you purchased after the date of original issue may have premium, acquisition premium, or market discount. What if i didn t file taxes in 2011 If so, the OID reported to you on Form 1099-OID may have to be adjusted. What if i didn t file taxes in 2011 For more information, see Showing an OID adjustment under How To Report OID, later. What if i didn t file taxes in 2011 The following rules generally do not apply to contingent payment debt instruments. What if i didn t file taxes in 2011 Adjustment for premium. What if i didn t file taxes in 2011   If your debt instrument (other than an inflation-indexed debt instrument) has premium, do not report any OID as ordinary income. What if i didn t file taxes in 2011 Your adjustment is the total OID shown on your Form 1099-OID. What if i didn t file taxes in 2011 Adjustment for acquisition premium. What if i didn t file taxes in 2011   If your debt instrument has acquisition premium, reduce the OID you report. What if i didn t file taxes in 2011 Your adjustment is the difference between the OID shown on your Form 1099-OID and the reduced OID amount figured using the rules explained later under Figuring OID on Long-Term Debt Instruments. What if i didn t file taxes in 2011 Adjustment for market discount. What if i didn t file taxes in 2011   If your debt instrument has market discount that you choose to include in income currently, increase the OID you report. What if i didn t file taxes in 2011 Your adjustment is the accrued market discount for the year. What if i didn t file taxes in 2011 See Market Discount Bonds in chapter 1 of Publication 550 for information on how to figure accrued market discount and include it in your income currently and for other information about market discount bonds. What if i didn t file taxes in 2011 If you choose to use the constant yield method to figure accrued market discount, also see Figuring OID on Long-Term Debt Instruments, later. What if i didn t file taxes in 2011 The constant yield method of figuring accrued OID, explained in those discussions under Constant yield method, is also used to figure accrued market discount. What if i didn t file taxes in 2011 For more information concerning premium or market discount on an inflation-indexed debt instrument, see Regulations section 1. What if i didn t file taxes in 2011 1275-7. What if i didn t file taxes in 2011 Sale, exchange, or redemption. What if i didn t file taxes in 2011   Generally, you treat your gain or loss from the sale, exchange, or redemption of a discounted debt instrument as a capital gain or loss if you held the debt instrument as a capital asset. What if i didn t file taxes in 2011 If you sold the debt instrument through a broker, you should receive Form 1099-B or an equivalent statement from the broker. What if i didn t file taxes in 2011 Use the Form 1099-B or other statement and your brokerage statements to complete Form 8949, and Schedule D (Form 1040). What if i didn t file taxes in 2011   Your gain or loss is the difference between the amount you realized on the sale, exchange, or redemption and your basis in the debt instrument. What if i didn t file taxes in 2011 Your basis, generally, is your cost increased by the OID you have included in income each year you held it. What if i didn t file taxes in 2011 In general, to determine your gain or loss on a tax-exempt bond, figure your basis in the bond by adding to your cost the OID you would have included in income if the bond had been taxable. What if i didn t file taxes in 2011   See chapter 4 of Publication 550 for more information about the tax treatment of the sale or redemption of discounted debt instruments. What if i didn t file taxes in 2011 Example 4. What if i didn t file taxes in 2011 Larry, a calendar year taxpayer, bought a corporate debt instrument at original issue for $86,235. What if i didn t file taxes in 2011 00 on November 1 of Year 1. What if i didn t file taxes in 2011 The 15-year debt instrument matures on October 31 of Year 16 at a stated redemption price of $100,000. What if i didn t file taxes in 2011 The debt instrument provides for semiannual payments of interest at 10%. What if i didn t file taxes in 2011 Assume the debt instrument is a capital asset in Larry's hands. What if i didn t file taxes in 2011 The debt instrument has $13,765. What if i didn t file taxes in 2011 00 of OID ($100,000 stated redemption price at maturity minus $86,235. What if i didn t file taxes in 2011 00 issue price). What if i didn t file taxes in 2011 Larry sold the debt instrument for $90,000 on November 1 of Year 4. What if i didn t file taxes in 2011 Including the OID he will report for the period he held the debt instrument in Year 4, Larry has included $4,556. What if i didn t file taxes in 2011 00 of OID in income and has increased his basis by that amount to $90,791. What if i didn t file taxes in 2011 00. What if i didn t file taxes in 2011 Larry has realized a loss of $791. What if i didn t file taxes in 2011 00. What if i didn t file taxes in 2011 All of Larry's loss is capital loss. What if i didn t file taxes in 2011 Form 1099-OID The issuer of the debt instrument (or your broker, if you purchased or held the debt instrument through a broker) should give you a copy of Form 1099-OID or a similar statement if the accrued OID for the calendar year is $10 or more and the term of the debt instrument is more than 1 year. What if i didn t file taxes in 2011 Form 1099-OID shows all OID income in box 1 except OID on a U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 Treasury obligation, which is shown in box 8. What if i didn t file taxes in 2011 It also shows, in box 2, any qualified stated interest you must include in income. What if i didn t file taxes in 2011 (However, any qualified stated interest on Treasury inflation-protected securities can be reported on Form 1099-INT in box 3. What if i didn t file taxes in 2011 ) A copy of Form 1099-OID will be sent to the IRS. What if i didn t file taxes in 2011 Do not attach your copy to your tax return. What if i didn t file taxes in 2011 Keep it for your records. What if i didn t file taxes in 2011 If you are required to file a tax return and you receive Form 1099-OID showing taxable amounts, you must report these amounts on your return. What if i didn t file taxes in 2011 A 20% accuracy-related penalty may be charged for underpayment of tax due to either negligence or disregard of rules and regulations or substantial understatement of tax. What if i didn t file taxes in 2011 Form 1099-OID not received. What if i didn t file taxes in 2011   If you held an OID debt instrument for a calendar year but did not receive a Form 1099-OID, refer to the discussions under Figuring OID on Long-Term Debt Instruments, later, for information on the OID you must report. What if i didn t file taxes in 2011 Refiguring OID. What if i didn t file taxes in 2011   You must refigure the OID shown on Form 1099-OID, in box 1 or box 8, to determine the proper amount to include in income if one of the following applies. What if i didn t file taxes in 2011 You bought the debt instrument at a premium or at an acquisition premium. What if i didn t file taxes in 2011 The debt instrument is a stripped bond or coupon (including zero coupon bonds backed by U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 Treasury securities). What if i didn t file taxes in 2011 The debt instrument is a contingent payment or inflation-indexed debt instrument. What if i didn t file taxes in 2011 See the discussions under Figuring OID on Long-Term Debt Instruments or Figuring OID on Stripped Bonds and Coupons, later, for the specific computations. What if i didn t file taxes in 2011 Refiguring interest. What if i didn t file taxes in 2011   If you disposed of a debt instrument or acquired it from another holder between interest dates, see the discussion under Bonds Sold Between Interest Dates in chapter 1 of Publication 550 for information about refiguring the interest shown on Form 1099-OID in box 2. What if i didn t file taxes in 2011 Nominee. What if i didn t file taxes in 2011   If you are the holder of an OID debt instrument and you receive a Form 1099-OID that shows your taxpayer identification number and includes amounts belonging to another person, you are considered a “nominee. What if i didn t file taxes in 2011 ” You must file another Form 1099-OID for each actual owner, showing the OID for the owner. What if i didn t file taxes in 2011 Show the owner of the debt instrument as the “recipient” and you as the “payer. What if i didn t file taxes in 2011 ”   Complete Form 1099-OID and Form 1096 and file the forms with the Internal Revenue Service Center for your area. What if i didn t file taxes in 2011 You must also give a copy of the Form 1099-OID to the actual owner. What if i didn t file taxes in 2011 However, you are not required to file a nominee return to show amounts belonging to your spouse. What if i didn t file taxes in 2011 See the Form 1099 instructions for more information. What if i didn t file taxes in 2011   When preparing your tax return, follow the instructions under Showing an OID adjustment in the next discussion. What if i didn t file taxes in 2011 How To Report OID Generally, you report your taxable interest and OID income on the interest line of Form 1040EZ, Form 1040A, or Form 1040. What if i didn t file taxes in 2011 Form 1040 or Form 1040A required. What if i didn t file taxes in 2011   You must use Form 1040 or Form 1040A (you cannot use Form 1040EZ) under either of the following conditions. What if i didn t file taxes in 2011 You received a Form 1099-OID as a nominee for the actual owner. What if i didn t file taxes in 2011 Your total interest and OID income for the year was more than $1,500. What if i didn t file taxes in 2011 Form 1040 required. What if i didn t file taxes in 2011   You must use Form 1040 (you cannot use Form 1040A or Form 1040EZ) if you are reporting more or less OID than the amount shown on Form 1099-OID, other than because you are a nominee. What if i didn t file taxes in 2011 For example, if you paid a premium or an acquisition premium when you purchased the debt instrument, you must use Form 1040 because you will report less OID than shown on Form 1099-OID. What if i didn t file taxes in 2011 Also, you must use Form 1040 if you were charged an early withdrawal penalty. What if i didn t file taxes in 2011 Where to report. What if i didn t file taxes in 2011   List each payer's name (if a brokerage firm gave you a Form 1099, list the brokerage firm as the payer) and the amount received from each payer on Form 1040A, Schedule B, Part I, line 1, or Form 1040, Schedule B, line 1. What if i didn t file taxes in 2011 Include all OID and periodic interest shown on any Form 1099-OID, boxes 1, 2, and 8, you received for the tax year. What if i didn t file taxes in 2011 Also include any other OID and interest income for which you did not receive a Form 1099. What if i didn t file taxes in 2011 Showing an OID adjustment. What if i didn t file taxes in 2011   If you use Form 1040 to report more or less OID than shown on Form 1099-OID, list the full OID on Schedule B, Part I, line 1, and follow the instructions under 1 or 2, next. What if i didn t file taxes in 2011   If you use Form 1040A to report the OID shown on a Form 1099-OID you received as a nominee for the actual owner, list the full OID on Schedule B, Part I, line 1 and follow the instructions under 1. What if i didn t file taxes in 2011 If the OID, as adjusted, is less than the amount shown on Form 1099-OID, show the adjustment as follows. What if i didn t file taxes in 2011 Under your last entry on line 1, subtotal all interest and OID income listed on line 1. What if i didn t file taxes in 2011 Below the subtotal, write “Nominee Distribution” or “OID Adjustment” and show the OID you are not required to report. What if i didn t file taxes in 2011 Subtract that OID from the subtotal and enter the result on line 2. What if i didn t file taxes in 2011 If the OID, as adjusted, is more than the amount shown on Form 1099-OID, show the adjustment as follows. What if i didn t file taxes in 2011 Under your last entry on line 1, subtotal all interest and OID income listed on line 1. What if i didn t file taxes in 2011 Below the subtotal, write “OID Adjustment” and show the additional OID. What if i didn t file taxes in 2011 Add that OID to the subtotal and enter the result on line 2. What if i didn t file taxes in 2011 Figuring OID on Long-Term Debt Instruments How you figure the OID on a long-term debt instrument depends on the date it was issued. What if i didn t file taxes in 2011 It also may depend on the type of the debt instrument. What if i didn t file taxes in 2011 There are different rules for each of the following debt instruments. What if i didn t file taxes in 2011 Corporate debt instruments issued after 1954 and before May 28, 1969, and government debt instruments issued after 1954 and before July 2, 1982. What if i didn t file taxes in 2011 Corporate debt instruments issued after May 27, 1969, and before July 2, 1982. What if i didn t file taxes in 2011 Debt instruments issued after July 1, 1982, and before 1985. What if i didn t file taxes in 2011 Debt instruments issued after 1984 (other than debt instruments described in (5) and (6)). What if i didn t file taxes in 2011 Contingent payment debt instruments issued after August 12, 1996. What if i didn t file taxes in 2011 Inflation-indexed debt instruments (including Treasury inflation-protected securities) issued after January 5, 1997. What if i didn t file taxes in 2011 Zero coupon bonds. What if i didn t file taxes in 2011   The rules for figuring OID on zero coupon bonds backed by U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 Treasury securities are discussed under Figuring OID on Stripped Bonds and Coupons, later. What if i didn t file taxes in 2011 Corporate Debt Instruments Issued After 1954 and Before May 28, 1969, and Government Debt Instruments Issued After 1954 and Before July 2, 1982 If you hold these debt instruments as capital assets, you include OID in income only in the year the debt instrument is sold, exchanged, or redeemed, and only if you have a gain. What if i didn t file taxes in 2011 The OID, which is taxed as ordinary income, generally equals the following amount. What if i didn t file taxes in 2011   number of full months you held the debt instrument  number of full months from date of original issue to date of maturity X original issue discount The balance of the gain is capital gain. What if i didn t file taxes in 2011 If there is a loss on the sale of the debt instrument, the entire loss is a capital loss and no OID is reported. What if i didn t file taxes in 2011 Corporate Debt Instruments Issued After May 27, 1969, and Before July 2, 1982 If you hold these debt instruments as capital assets, you must include part of the OID in income each year you own the debt instruments. What if i didn t file taxes in 2011 For information about showing the correct OID on your tax return, see the discussion under How To Report OID, earlier. What if i didn t file taxes in 2011 Your basis in the debt instrument is increased by the OID you include in income. What if i didn t file taxes in 2011 Form 1099-OID. What if i didn t file taxes in 2011   You should receive a Form 1099-OID showing OID for the part of the year you held the debt instrument. What if i didn t file taxes in 2011 However, if you paid an acquisition premium, you may need to refigure the OID to report on your tax return. What if i didn t file taxes in 2011 See Reduction for acquisition premium, later. What if i didn t file taxes in 2011 If you held an OID debt instrument in a calendar year but did not receive a Form 1099-OID, see Form 1099-OID not received, immediately below, and refer to Section I-A available at www. What if i didn t file taxes in 2011 irs. What if i didn t file taxes in 2011 gov/pub1212 by clicking the link under Recent Developments. What if i didn t file taxes in 2011 Form 1099-OID not received. What if i didn t file taxes in 2011    The OID listed is for each $1,000 of redemption price. What if i didn t file taxes in 2011 You must adjust the listed amount if your debt instrument has a different principal amount. What if i didn t file taxes in 2011 For example, if you have a debt instrument with a $500 principal amount, use one-half the listed amount to figure your OID. What if i didn t file taxes in 2011   If you held the debt instrument the entire year, use the OID shown in Section I-A for a calendar year. What if i didn t file taxes in 2011 (If your debt instrument is not listed in Section I-A, consult the issuer for information about the issue price and the OID that accrued for that year. What if i didn t file taxes in 2011 ) If you did not hold the debt instrument the entire year, figure your OID using the following method. What if i didn t file taxes in 2011 Divide the OID shown by 12. What if i didn t file taxes in 2011 Multiply the result in (1) by the number of complete and partial months (for example, 6½ months) you held the debt instrument during a calendar year. What if i didn t file taxes in 2011 This is the OID to include in income unless you paid an acquisition premium. What if i didn t file taxes in 2011 The reduction for acquisition premium is discussed next. What if i didn t file taxes in 2011 Reduction for acquisition premium. What if i didn t file taxes in 2011   If you bought the debt instrument at an acquisition premium, figure the OID to include in income as follows. What if i didn t file taxes in 2011 Divide the total OID on the debt instrument by the number of complete months, and any part of a month, from the date of original issue to the maturity date. What if i didn t file taxes in 2011 This is the monthly OID. What if i didn t file taxes in 2011 Subtract from your cost the issue price and the accumulated OID from the date of issue to the date of purchase. What if i didn t file taxes in 2011 (If the result is zero or less, stop here. What if i didn t file taxes in 2011 You did not pay an acquisition premium. What if i didn t file taxes in 2011 ) Divide the amount figured in (2) by the number of complete months, and any part of a month, from the date of your purchase to the maturity date. What if i didn t file taxes in 2011 Subtract the amount figured in (3) from the amount figured in (1). What if i didn t file taxes in 2011 This is the OID to include in income for each month you hold the debt instrument during the year. What if i didn t file taxes in 2011 Transfers during the month. What if i didn t file taxes in 2011   If you buy or sell a debt instrument on any day other than the same day of the month as the date of original issue, the ratable monthly portion of OID for the month of sale is divided between the seller and the buyer according to the number of days each held the debt instrument. What if i didn t file taxes in 2011 Your holding period for this purpose begins the day you acquire the debt instrument and ends the day before you dispose of it. What if i didn t file taxes in 2011 Debt Instruments Issued After July 1, 1982, and Before 1985 If you hold these debt instruments as capital assets, you must include part of the OID in income each year you own the debt instruments and increase your basis by the amount included. What if i didn t file taxes in 2011 For information about showing the correct OID on your tax return, see How To Report OID, earlier. What if i didn t file taxes in 2011 Form 1099-OID. What if i didn t file taxes in 2011   You should receive a Form 1099-OID showing OID for the part of the year you held the debt instrument. What if i didn t file taxes in 2011 However, if you paid an acquisition premium, you may need to refigure the OID to report on your tax return. What if i didn t file taxes in 2011 See Constant yield method and the discussions on acquisition premium that follow, later. What if i didn t file taxes in 2011 If you held an OID debt instrument in a calendar year but did not receive a Form 1099-OID, see Form 1099-OID not received, immediately below, and refer to Section I-A available at www. What if i didn t file taxes in 2011 irs. What if i didn t file taxes in 2011 gov/pub1212 by clicking the link under Recent Developments. What if i didn t file taxes in 2011 Form 1099-OID not received. What if i didn t file taxes in 2011    The OID listed is for each $1,000 of redemption price. What if i didn t file taxes in 2011 You must adjust the listed amount if your debt instrument has a different principal amount. What if i didn t file taxes in 2011 For example, if you have a debt instrument with a $500 principal amount, use one-half the listed amount to figure your OID. What if i didn t file taxes in 2011   If you held the debt instrument the entire year, use the OID shown in Section I-A. What if i didn t file taxes in 2011 (If your instrument is not listed in Section I-A, consult the issuer for information about the issue price, the yield to maturity, and the OID that accrued for that year. What if i didn t file taxes in 2011 ) If you did not hold the debt instrument the entire year, figure your OID using either of the following methods. What if i didn t file taxes in 2011 Method 1. What if i didn t file taxes in 2011    Divide the total OID for a calendar year by 365 (366 for leap years). What if i didn t file taxes in 2011 Multiply the result in (1) by the number of days you held the debt instrument during that particular year. What if i didn t file taxes in 2011  This computation is an approximation and may result in a slightly higher OID than Method 2. What if i didn t file taxes in 2011 Method 2. What if i didn t file taxes in 2011    Look up the daily OID for the first accrual period you held the debt instrument during a calendar year. What if i didn t file taxes in 2011 (See Accrual period under Constant yield method, next. What if i didn t file taxes in 2011 ) Multiply the daily OID by the number of days you held the debt instrument during that accrual period. What if i didn t file taxes in 2011 If you held the debt instrument for part of both accrual periods, repeat (1) and (2) for the second accrual period. What if i didn t file taxes in 2011 Add the results of (2) and (3). What if i didn t file taxes in 2011 This is the OID to include in income, unless you paid an acquisition premium. What if i didn t file taxes in 2011 (The reduction for acquisition premium is discussed later. What if i didn t file taxes in 2011 ) Constant yield method. What if i didn t file taxes in 2011   This discussion shows how to figure OID on debt instruments issued after July 1, 1982, and before 1985, using a constant yield method. What if i didn t file taxes in 2011 OID is allocated over the life of the debt instrument through adjustments to the issue price for each accrual period. What if i didn t file taxes in 2011   Figure the OID allocable to any accrual period as follows. What if i didn t file taxes in 2011 Multiply the adjusted issue price at the beginning of the accrual period by the debt instrument's yield to maturity. What if i didn t file taxes in 2011 Subtract from the result in (1) any qualified stated interest allocable to the accrual period. What if i didn t file taxes in 2011 Accrual period. What if i didn t file taxes in 2011   An accrual period for any OID debt instrument issued after July 1, 1982, and before 1985 is each 1-year period beginning on the date of the issue of the obligation and each anniversary thereafter, or the shorter period to maturity for the last accrual period. What if i didn t file taxes in 2011 Your tax year will usually include parts of two accrual periods. What if i didn t file taxes in 2011 Daily OID. What if i didn t file taxes in 2011   The OID for any accrual period is allocated equally to each day in the accrual period. What if i didn t file taxes in 2011 You must include in income the sum of the OID amounts for each day you hold the debt instrument during the year. What if i didn t file taxes in 2011 If your tax year includes parts of two or more accrual periods, you must include the proper daily OID amounts for each accrual period. What if i didn t file taxes in 2011 Figuring daily OID. What if i didn t file taxes in 2011   The daily OID for the initial accrual period is figured using the following formula. What if i didn t file taxes in 2011   (ip × ytm) − qsi     p   ip = issue price ytm = yield to maturity qsi = qualified stated interest p = number of days in accrual period         The daily OID for subsequent accrual periods is figured the same way except the adjusted issue price at the beginning of each period is used in the formula instead of the issue price. What if i didn t file taxes in 2011 Reduction for acquisition premium on debt instruments purchased before July 19, 1984. What if i didn t file taxes in 2011   If you bought the debt instrument at an acquisition premium before July 19, 1984, figure the OID includible in income by reducing the daily OID by the daily acquisition premium. What if i didn t file taxes in 2011 Figure the daily acquisition premium by dividing the total acquisition premium by the number of days in the period beginning on your purchase date and ending on the day before the date of maturity. What if i didn t file taxes in 2011 Reduction for acquisition premium on debt instruments purchased after July 18, 1984. What if i didn t file taxes in 2011   If you bought the debt instrument at an acquisition premium after July 18, 1984, figure the OID includible in income by reducing the daily OID by the daily acquisition premium. What if i didn t file taxes in 2011 However, the method of figuring the daily acquisition premium is different from the method described in the preceding discussion. What if i didn t file taxes in 2011 To figure the daily acquisition premium under this method, multiply the daily OID by the following fraction. What if i didn t file taxes in 2011 The numerator is the acquisition premium. What if i didn t file taxes in 2011 The denominator is the total OID remaining for the debt instrument after your purchase date. What if i didn t file taxes in 2011 Section I-A is available at www. What if i didn t file taxes in 2011 irs. What if i didn t file taxes in 2011 gov/pub1212 and clicking the link under Recent Developments. What if i didn t file taxes in 2011 Using Section I-A to figure accumulated OID. What if i didn t file taxes in 2011   If you bought your corporate debt instrument in a calendar year or the subsequent year, you can figure the accumulated OID to the date of purchase by adding the following amounts. What if i didn t file taxes in 2011 The amount from the “Total OID to January 1, YYYY” column for your debt instrument. What if i didn t file taxes in 2011 The OID from January 1 of a calendar year to the date of purchase, figured as follows. What if i didn t file taxes in 2011 Multiply the daily OID for the first accrual period in the calendar year by the number of days from January 1 to the date of purchase, or the end of the accrual period if the debt instrument was purchased in the second or third accrual period. What if i didn t file taxes in 2011 Multiply the daily OID for each subsequent accrual period by the number of days in the period to the date of purchase or the end of the accrual period, whichever applies. What if i didn t file taxes in 2011 Add the amounts figured in (2a) and (2b). What if i didn t file taxes in 2011 Debt Instruments Issued After 1984 If you hold debt instruments issued after 1984, you must report part of the OID in gross income each year that you own the debt instruments. What if i didn t file taxes in 2011 You must include the OID in gross income whether or not you hold the debt instrument as a capital asset. What if i didn t file taxes in 2011 Your basis in the debt instrument is increased by the OID you include in income. What if i didn t file taxes in 2011 For information about showing the correct OID on your tax return, see How To Report OID, earlier. What if i didn t file taxes in 2011 Form 1099-OID. What if i didn t file taxes in 2011   You should receive a Form 1099-OID showing OID for the part of a calendar year you held the debt instrument. What if i didn t file taxes in 2011 However, if you paid an acquisition premium, you may need to refigure the OID to report on your tax return. What if i didn t file taxes in 2011 See Constant yield method and Reduction for acquisition premium, later. What if i didn t file taxes in 2011   You may also need to refigure the OID for a contingent payment or inflation-indexed debt instrument on which the amount reported on Form 1099-OID is inaccurate. What if i didn t file taxes in 2011 See Contingent Payment Debt Instruments or Inflation-Indexed Debt Instruments, later. What if i didn t file taxes in 2011 If you held an OID debt instrument in a calendar year but did not receive a Form 1099-OID, see Form 1099-OID not received, immediately below, and refer to Section I-B available at www. What if i didn t file taxes in 2011 irs. What if i didn t file taxes in 2011 gov/pub1212 by clicking the link under Recent Developments. What if i didn t file taxes in 2011 Form 1099-OID not received. What if i didn t file taxes in 2011   The OID listed is for each $1,000 of redemption price. What if i didn t file taxes in 2011 You must adjust the listed amount if your debt instrument has a different principal amount. What if i didn t file taxes in 2011 For example, if you have a debt instrument with a $500 principal amount, use one-half the listed amount to figure your OID. What if i didn t file taxes in 2011   Use the OID shown in Section I-B for a calendar year if you held the debt instrument the entire year. What if i didn t file taxes in 2011 (If your debt instrument is not listed in Section I-B, consult the issuer for information about the issue price, the yield to maturity, and the OID that accrued for that year. What if i didn t file taxes in 2011 ) If you did not hold the debt instrument the entire year, figure your OID as follows. What if i didn t file taxes in 2011 Look up the daily OID for the first accrual period in which you held the debt instrument during a calendar year. What if i didn t file taxes in 2011 (See Accrual period under Constant yield method, later. What if i didn t file taxes in 2011 ) Multiply the daily OID by the number of days you held the debt instrument during that accrual period. What if i didn t file taxes in 2011 Repeat (1) and (2) for any remaining accrual periods in which you held the debt instrument. What if i didn t file taxes in 2011 Add the results of (2) and (3). What if i didn t file taxes in 2011 This is the OID to include in income for that year, unless you paid an acquisition premium. What if i didn t file taxes in 2011 (The reduction for acquisition premium is discussed later. What if i didn t file taxes in 2011 ) Tax-exempt bond. What if i didn t file taxes in 2011   If you own a tax-exempt bond, figure your basis in the bond by adding to your cost the OID you would have included in income if the bond had been taxable. What if i didn t file taxes in 2011 You need to make this adjustment to determine if you have a gain or loss on a later disposition of the bond. What if i didn t file taxes in 2011 In general, use the rules that follow to determine your OID. What if i didn t file taxes in 2011 Constant yield method. What if i didn t file taxes in 2011   This discussion shows how to figure OID on debt instruments issued after 1984 using a constant yield method. What if i didn t file taxes in 2011 (The special rules that apply to contingent payment debt instruments and inflation-indexed debt instruments are explained later. What if i didn t file taxes in 2011 ) OID is allocated over the life of the debt instrument through adjustments to the issue price for each accrual period. What if i didn t file taxes in 2011   Figure the OID allocable to any accrual period as follows. What if i didn t file taxes in 2011 Multiply the adjusted issue price at the beginning of the accrual period by a fraction. What if i didn t file taxes in 2011 The numerator of the fraction is the debt instrument's yield to maturity and the denominator is the number of accrual periods per year. What if i didn t file taxes in 2011 The yield must be stated appropriately taking into account the length of the particular accrual period. What if i didn t file taxes in 2011 Subtract from the result in (1) any qualified stated interest allocable to the accrual period. What if i didn t file taxes in 2011 Accrual period. What if i didn t file taxes in 2011   For debt instruments issued after 1984 and before April 4, 1994, an accrual period is each 6-month period that ends on the day that corresponds to the stated maturity date of the debt instrument or the date 6 months before that date. What if i didn t file taxes in 2011 For example, a debt instrument maturing on March 31 has accrual periods that end on September 30 and March 31 of each calendar year. What if i didn t file taxes in 2011 Any short period is included as the first accrual period. What if i didn t file taxes in 2011   For debt instruments issued after April 3, 1994, accrual periods may be of any length and may vary in length over the term of the debt instrument, as long as each accrual period is no longer than 1 year and all payments are made on the first or last day of an accrual period. What if i didn t file taxes in 2011 However, the OID listed for these debt instruments in Section I-B has been figured using 6-month accrual periods. What if i didn t file taxes in 2011 Daily OID. What if i didn t file taxes in 2011   The OID for any accrual period is allocated equally to each day in the accrual period. What if i didn t file taxes in 2011 Figure the amount to include in income by adding the OID for each day you hold the debt instrument during the year. What if i didn t file taxes in 2011 Since your tax year will usually include parts of two or more accrual periods, you must include the proper daily OID for each accrual period. What if i didn t file taxes in 2011 If your debt instrument has 6-month accrual periods, your tax year will usually include one full 6-month accrual period and parts of two other 6-month periods. What if i didn t file taxes in 2011 Figuring daily OID. What if i didn t file taxes in 2011   The daily OID for the initial accrual period is figured using the following formula. What if i didn t file taxes in 2011   (ip × ytm/n) − qsi     p   ip = issue price ytm = yield to maturity n = number of accrual periods in 1 year qsi = qualified stated interest p = number of days in accrual period       The daily OID for subsequent accrual periods is figured the same way except the adjusted issue price at the beginning of each period is used in the formula instead of the issue price. What if i didn t file taxes in 2011 Example 5. What if i didn t file taxes in 2011 On January 1 of Year 1, you bought a 15-year, 10% debt instrument of A Corporation at original issue for $86,235. What if i didn t file taxes in 2011 17. What if i didn t file taxes in 2011 According to the prospectus, the debt instrument matures on December 31 of Year 15 at a stated redemption price of $100,000. What if i didn t file taxes in 2011 The yield to maturity is 12%, compounded semiannually. What if i didn t file taxes in 2011 The debt instrument provides for qualified stated interest payments of $5,000 on June 30 and December 31 of each calendar year. What if i didn t file taxes in 2011 The accrual periods are the 6-month periods ending on each of these dates. What if i didn t file taxes in 2011 The number of days for the first accrual period (January 1 through June 30) is 181 days (182 for leap years). What if i didn t file taxes in 2011 The daily OID for the first accrual period is figured as follows. What if i didn t file taxes in 2011   ($86,235. What if i didn t file taxes in 2011 17 x . What if i didn t file taxes in 2011 12/2) – $5,000     181 days     = $174. What if i didn t file taxes in 2011 11020 = $. What if i didn t file taxes in 2011 96193   181           The adjusted issue price at the beginning of the second accrual period is the issue price plus the OID previously includible in income ($86,235. What if i didn t file taxes in 2011 17 + $174. What if i didn t file taxes in 2011 11), or $86,409. What if i didn t file taxes in 2011 28. What if i didn t file taxes in 2011 The number of days for the second accrual period (July 1 through December 31) is 184 days. What if i didn t file taxes in 2011 The daily OID for the second accrual period is figured as follows. What if i didn t file taxes in 2011   ($86,409. What if i didn t file taxes in 2011 28 x . What if i didn t file taxes in 2011 12/2) – $5,000     184 days     = $184. What if i didn t file taxes in 2011 55681 = $1. What if i didn t file taxes in 2011 00303   184 Since the first and second accrual periods coincide exactly with your tax year, you include in income for Year 1 the OID allocable to the first two accrual periods, $174. What if i didn t file taxes in 2011 11 ($. What if i didn t file taxes in 2011 95665 × 182 days) plus $184. What if i didn t file taxes in 2011 56 ($1. What if i didn t file taxes in 2011 00303 × 184 days), or $358. What if i didn t file taxes in 2011 67. What if i didn t file taxes in 2011 Add the OID to the $10,000 interest you report on your income tax return for Year 1. What if i didn t file taxes in 2011 Example 6. What if i didn t file taxes in 2011 Assume the same facts as in Example 5, except that you bought the debt instrument at original issue on May 1 of Year 1, with a maturity date of April 30, Year 16. What if i didn t file taxes in 2011 Also, the interest payment dates are October 31 and April 30 of each calendar year. What if i didn t file taxes in 2011 The accrual periods are the 6-month periods ending on each of these dates. What if i didn t file taxes in 2011 The number of days for the first accrual period (May 1 through October 31) is 184 days. What if i didn t file taxes in 2011 The daily OID for the first accrual period is figured as follows. What if i didn t file taxes in 2011   ($86,235. What if i didn t file taxes in 2011 17 x . What if i didn t file taxes in 2011 12/2) – $5,000     184 days     = $174. What if i didn t file taxes in 2011 11020 = $. What if i didn t file taxes in 2011 94625   184           The number of days for the second accrual period (November 1 through April 30) is 181 days (182 for leap years). What if i didn t file taxes in 2011 The daily OID for the second accrual period is figured as follows. What if i didn t file taxes in 2011   ($86,409. What if i didn t file taxes in 2011 28 x . What if i didn t file taxes in 2011 12/2) – $5,000     181 days     = $184. What if i didn t file taxes in 2011 55681 = $1. What if i didn t file taxes in 2011 01965   181 If you hold the debt instrument through the end of Year 1, you must include $236. What if i didn t file taxes in 2011 31 of OID in income. What if i didn t file taxes in 2011 This is $174. What if i didn t file taxes in 2011 11 ($. What if i didn t file taxes in 2011 94625 × 184 days) for the period May 1 through October 31 plus $62. What if i didn t file taxes in 2011 20 ($1. What if i didn t file taxes in 2011 01965 × 61 days) for the period November 1 through December 31. What if i didn t file taxes in 2011 The OID is added to the $5,000 interest income paid on October 31 of Year 1. What if i didn t file taxes in 2011 Your basis in the debt instrument is increased by the OID you include in income. What if i didn t file taxes in 2011 On January 1 of Year 2, your basis in the A Corporation debt instrument is $86,471. What if i didn t file taxes in 2011 48 ($86,235. What if i didn t file taxes in 2011 17 + $236. What if i didn t file taxes in 2011 31). What if i didn t file taxes in 2011 Short first accrual period. What if i didn t file taxes in 2011   You may have to make adjustments if a debt instrument has a short first accrual period. What if i didn t file taxes in 2011 For example, a debt instrument with 6-month accrual periods that is issued on February 15 and matures on October 31 has a short first accrual period that ends April 30. What if i didn t file taxes in 2011 (The remaining accrual periods begin on May 1 and November 1. What if i didn t file taxes in 2011 ) For this short period, figure the daily OID as described earlier, but adjust the yield for the length of the short accrual period. What if i didn t file taxes in 2011 You may use any reasonable compounding method in determining OID for a short period. What if i didn t file taxes in 2011 Examples of reasonable compounding methods include continuous compounding and monthly compounding (that is, simple interest within a month). What if i didn t file taxes in 2011 Consult your tax advisor for more information about making this computation. What if i didn t file taxes in 2011   The OID for the final accrual period is the difference between the amount payable at maturity (other than a payment of qualified stated interest) and the adjusted issue price at the beginning of the final accrual period. What if i didn t file taxes in 2011 Reduction for acquisition premium. What if i didn t file taxes in 2011   If you bought the debt instrument at an acquisition premium, figure the OID includible in income by reducing the daily OID by the daily acquisition premium. What if i didn t file taxes in 2011 To figure the daily acquisition premium, multiply the daily OID by the following fraction. What if i didn t file taxes in 2011 The numerator is the acquisition premium. What if i didn t file taxes in 2011 The denominator is the total OID remaining for the debt instrument after your purchase date. What if i didn t file taxes in 2011 Example 7. What if i didn t file taxes in 2011 Assume the same facts as in Example 6, except that you bought the debt instrument on November 1 of Year 1 for $87,000, after its original issue on May 1 of Year 1. What if i didn t file taxes in 2011 The adjusted issue price on November 1 of Year 1 is $86,409. What if i didn t file taxes in 2011 28 ($86,235. What if i didn t file taxes in 2011 17 + $174. What if i didn t file taxes in 2011 11). What if i didn t file taxes in 2011 In this case, you paid an acquisition premium of $590. What if i didn t file taxes in 2011 72 ($87,000 − $86,409. What if i didn t file taxes in 2011 28). What if i didn t file taxes in 2011 The daily OID for the accrual period November 1 through April 30, reduced for the acquisition premium, is figured as follows. What if i didn t file taxes in 2011 1) Daily OID on date of purchase (2nd accrual period) $1. What if i didn t file taxes in 2011 01965*  2)  Acquisition premium $590. What if i didn t file taxes in 2011 72    3)  Total OID remaining after purchase date ($13,764. What if i didn t file taxes in 2011 83 − $174. What if i didn t file taxes in 2011 11) 13,590. What if i didn t file taxes in 2011 72   4) Line 2 ÷ line 3 . What if i didn t file taxes in 2011 04346  5)  Line 1 × line 4 . What if i didn t file taxes in 2011 04432  6)  Daily OID reduced for the acquisition premium. What if i didn t file taxes in 2011 Line 1 − line 5 $0. What if i didn t file taxes in 2011 97533  * As shown in Example 6. What if i didn t file taxes in 2011 The total OID to include in income for Year 1 is $59. What if i didn t file taxes in 2011 50 ($. What if i didn t file taxes in 2011 97533 × 61 days). What if i didn t file taxes in 2011 Contingent Payment Debt Instruments This discussion shows how to figure OID on a contingent payment debt instrument issued after August 12, 1996, that was issued for cash or publicly traded property. What if i didn t file taxes in 2011 In general, a contingent payment debt instrument provides for one or more payments that are contingent as to timing or amount. What if i didn t file taxes in 2011 If you hold a contingent payment bond, you must report OID as it accrues each year. What if i didn t file taxes in 2011 Because the actual payments on a contingent payment debt instrument cannot be known in advance, issuers and holders cannot use the constant yield method (discussed earlier under Debt Instruments Issued After 1984) without making certain assumptions about the payments on the debt instrument. What if i didn t file taxes in 2011 To figure OID accruals on contingent payment debt instruments, holders and issuers must use the noncontingent bond method. What if i didn t file taxes in 2011 Noncontingent bond method. What if i didn t file taxes in 2011    Under this method, the issuer must compute a comparable yield for the debt instrument and, based on this yield, construct a projected payment schedule for the instrument, which includes a projected fixed amount for each contingent payment. What if i didn t file taxes in 2011 In general, holders and issuers accrue OID on this projected payment schedule using the constant yield method that applies to fixed payment debt instruments. What if i didn t file taxes in 2011 When a contingent payment differs from the projected fixed amount, the holders and issuers make adjustments to their OID accruals. What if i didn t file taxes in 2011 If the actual contingent payment is larger than expected, both the issuer and the holder increase their OID accruals. What if i didn t file taxes in 2011 If the actual contingent payment is smaller than expected, holders and issuers generally decrease their OID accruals. What if i didn t file taxes in 2011 Form 1099-OID. What if i didn t file taxes in 2011   The amount shown on Form 1099-OID in box 1 you receive for a contingent payment debt instrument may not be the correct amount to include in income. What if i didn t file taxes in 2011 For example, the amount may not be correct if the contingent payment was different from the projected amount. What if i didn t file taxes in 2011 If the amount in box 1 is not correct, you must figure the OID to report on your return under the following rules. What if i didn t file taxes in 2011 For information on showing an OID adjustment on your tax return, see How To Report OID, earlier. What if i didn t file taxes in 2011 Figuring OID. What if i didn t file taxes in 2011   To figure OID on a contingent payment debt instrument, you need to know the “comparable yield” and “projected payment schedule” of the debt instrument. What if i didn t file taxes in 2011 The issuer must make these available to you. What if i didn t file taxes in 2011 Comparable yield. What if i didn t file taxes in 2011   The comparable yield generally is the yield at which the issuer would issue a fixed rate debt instrument with terms and conditions similar to those of the contingent payment debt instrument. What if i didn t file taxes in 2011 The comparable yield is determined as of the debt instrument's issue date. What if i didn t file taxes in 2011 Projected payment schedule. What if i didn t file taxes in 2011   The projected payment schedule for a contingent payment debt instrument includes all fixed payments due under the instrument and a projected fixed amount for each contingent payment. What if i didn t file taxes in 2011 The projected payment schedule is created by the issuer as of the debt instrument's issue date. What if i didn t file taxes in 2011 It is used to determine the issuer's and holder's interest accruals and adjustments. What if i didn t file taxes in 2011 Steps for figuring OID. What if i didn t file taxes in 2011   Figure the OID on a contingent payment debt instrument in two steps. What if i didn t file taxes in 2011 Figure the OID using the constant yield method (discussed earlier under Debt Instruments Issued After 1984 ) that applies to fixed payment debt instruments. What if i didn t file taxes in 2011 Use the comparable yield as the yield to maturity. What if i didn t file taxes in 2011 In general, use the projected payment schedule to determine the instrument's adjusted issue price at the beginning of each accrual period (other than the initial period). What if i didn t file taxes in 2011 Do not treat any amount payable as qualified stated interest. What if i didn t file taxes in 2011 Adjust the OID in (1) to account for actual contingent payments. What if i didn t file taxes in 2011 If the contingent payment is greater than the projected fixed amount, you have a positive adjustment. What if i didn t file taxes in 2011 If the contingent payment is less than the projected fixed amount, you have a negative adjustment. What if i didn t file taxes in 2011 Net positive adjustment. What if i didn t file taxes in 2011   A net positive adjustment exists for a tax year when the total of any positive adjustments described in (2) above for the tax year is more than the total of any negative adjustments for the tax year. What if i didn t file taxes in 2011 Treat a net positive adjustment as additional OID for the tax year. What if i didn t file taxes in 2011 Net negative adjustment. What if i didn t file taxes in 2011   A net negative adjustment exists for a tax year when the total of any negative adjustments described in (2) above for the tax year is more than the total of any positive adjustments for the tax year. What if i didn t file taxes in 2011 Use a net negative adjustment to offset OID on the debt instrument for the tax year. What if i didn t file taxes in 2011 If the net negative adjustment is more than the OID on the debt instrument for the tax year, you can claim the difference as an ordinary loss. What if i didn t file taxes in 2011 However, the amount you can claim as an ordinary loss is limited to the OID on the debt instrument you included in income in prior tax years. What if i didn t file taxes in 2011 You must carry forward any net negative adjustment that is more than the total OID for the tax year and prior tax years and treat it as a negative adjustment in the next tax year. What if i didn t file taxes in 2011 Basis adjustments. What if i didn t file taxes in 2011   In general, increase your basis in a contingent payment debt instrument by the OID included in income. What if i didn t file taxes in 2011 Your basis, however, is not affected by any negative or positive adjustments. What if i didn t file taxes in 2011 Decrease your basis by any noncontingent payment received and the projected contingent payment scheduled to be received. What if i didn t file taxes in 2011 Treatment of gain or loss on sale or exchange. What if i didn t file taxes in 2011   If you sell a contingent payment debt instrument at a gain, your gain is ordinary income (interest income), even if you hold the debt instrument as a capital asset. What if i didn t file taxes in 2011 If you sell a contingent payment debt instrument at a loss, your loss is an ordinary loss to the extent of your prior OID accruals on the debt instrument. What if i didn t file taxes in 2011 If the debt instrument is a capital asset, treat any loss that is more than your prior OID accruals as a capital loss. What if i didn t file taxes in 2011 See Regulations section 1. What if i didn t file taxes in 2011 1275-4 for exceptions to these rules. What if i didn t file taxes in 2011 Premium, acquisition premium, and market discount. What if i didn t file taxes in 2011   The rules for accruing premium, acquisition premium, and market discount do not apply to a contingent payment debt instrument. What if i didn t file taxes in 2011 See Regulations section 1. What if i didn t file taxes in 2011 1275-4 to determine how to account for these items. What if i didn t file taxes in 2011 Inflation-Indexed Debt Instruments This discussion shows how you figure OID on certain inflation-indexed debt instruments issued after January 5, 1997. What if i didn t file taxes in 2011 An inflation-indexed debt instrument is generally a debt instrument on which the payments are adjusted for inflation and d
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What if i didn t file taxes in 2011 2. What if i didn t file taxes in 2011   Estado Civil para Efectos de la Declaración Table of Contents Qué Hay de Nuevo Introduction Useful Items - You may want to see: Estado CivilPersonas divorciadas. What if i didn t file taxes in 2011 Divorcio y nuevo matrimonio. What if i didn t file taxes in 2011 Matrimonios anulados. What if i didn t file taxes in 2011 Cabeza de familia o viudo que reúne los requisitos con hijo dependiente. What if i didn t file taxes in 2011 Personas consideradas casadas. What if i didn t file taxes in 2011 Matrimonio del mismo sexo. What if i didn t file taxes in 2011 Cónyuge fallecido durante el año. What if i didn t file taxes in 2011 Personas casadas que viven separadas. What if i didn t file taxes in 2011 Soltero Casados que Presentan una Declaración ConjuntaPresentación de una Declaración Conjunta Casados que Presentan la Declaración por SeparadoReglas Especiales Cabeza de FamiliaPersonas Consideradas no Casadas Personas que Mantienen una Vivienda Persona Calificada Viudo que Reúne los Requisitos con Hijo Dependiente Qué Hay de Nuevo Estado civil para efectos de la declaración de parejas del mismo sexo. What if i didn t file taxes in 2011  Si tiene un cónyuge que es del mismo sexo de usted y con quien se casó en un estado (o país extranjero) que reconoce legalmente el matrimonio entre personas del mismo sexo, usted y su cónyuge, por lo general, tendrán que utilizar el estado civil para efectos de la declaración de “casado que presenta una declaración conjunta” o “casado que presenta una declaración por separado” en su declaración de impuestos que corresponde al año 2013, aun si usted y su cónyuge viven ahora en un estado (o país extranjero) que no reconoce legalmente el matrimonio entre personas del mismo sexo. What if i didn t file taxes in 2011 Vea Matrimonio del mismo sexo bajo Estado Civil, más adelante. What if i didn t file taxes in 2011 Introduction Este capítulo le ayuda a determinar qué estado civil debe usar para efectos de la declaración. What if i didn t file taxes in 2011 Hay cinco estados civiles para efectos de la declaración: Soltero. What if i didn t file taxes in 2011 Casado que presenta una declaración conjunta. What if i didn t file taxes in 2011 Casado que presenta una declaración por separado. What if i didn t file taxes in 2011 Cabeza de familia. What if i didn t file taxes in 2011 Viudo que reúne los requisitos con hijo dependiente. What if i didn t file taxes in 2011 Si reúne los requisitos para más de un estado civil, elija el que le permita pagar menos impuestos. What if i didn t file taxes in 2011 Tiene que determinar su estado civil para efectos de la declaración antes de determinar si tiene que presentar una declaración de impuestos (capítulo 1), su deducción estándar (capítulo 20) y su impuesto correcto (capítulo 30). What if i didn t file taxes in 2011 También utilizará el estado civil para determinar si reúne los requisitos o no para reclamar ciertas deducciones y créditos. What if i didn t file taxes in 2011 Useful Items - You may want to see: Publicación 501 Exemptions, Standard Deduction, and Filing Information (Exenciones, deducción estándar e información para la presentación de la declaración), en inglés 519 U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 Tax Guide for Aliens (Guía sobre los impuestos federales estadounidenses para extranjeros), en inglés 555 Community Property (Bienes gananciales), en inglés Estado Civil Por lo general, su estado civil para efectos de la declaración depende de si a usted se le considera casado o no casado. What if i didn t file taxes in 2011 Personas no casadas. What if i didn t file taxes in 2011   Se le considera no casado durante todo el año si, en el último día de su año tributario, usted no está casado o está legalmente separado de su cónyuge por decreto de divorcio o de manutención por separación. What if i didn t file taxes in 2011 La ley estatal es la que rige al determinar si está casado o legalmente separado por decreto de divorcio o de manutención por separación. What if i didn t file taxes in 2011 Personas divorciadas. What if i didn t file taxes in 2011   Si está divorciado por decreto final de divorcio para el último día del año, a usted se le considera no casado por todo el año. What if i didn t file taxes in 2011 Divorcio y nuevo matrimonio. What if i didn t file taxes in 2011   Si se divorcian con el fin exclusivo de presentar declaraciones de impuestos como no casados y en el momento de efectuarse el divorcio usted y su cónyuge tienen la intención de volverse a casar, y así lo hicieron en el año tributario siguiente, usted y su cónyuge están obligados a presentar la declaración como casados en los dos años. What if i didn t file taxes in 2011 Matrimonios anulados. What if i didn t file taxes in 2011    Si obtiene de un tribunal un decreto de anulación de matrimonio que establezca que nunca existió matrimonio válido alguno, se le considera no casado aun si ha presentado declaraciones conjuntas en años anteriores. What if i didn t file taxes in 2011 Tiene que presentar una declaración enmendada (Formulario 1040X, Amended U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 Individual Income Tax Return (Declaración enmendada del impuesto federal sobre el ingreso)), en inglés, declarando su estado civil de soltero o cabeza de familia para todos los años tributarios afectados por la anulación de matrimonio que no estén excluídos por la ley de prescripción para presentar una declaración de impuestos. What if i didn t file taxes in 2011 Por lo general, para un crédito o reembolso, tiene que presentar el Formulario 1040X dentro de 3 años (incluyendo extensiones) después de la fecha en que presentó su declaración original, o dentro de 2 años después de la fecha en que pagó el impuesto, lo que sea más tarde. What if i didn t file taxes in 2011 Si presentó la declaración original con anticipación (por ejemplo, el 1 de marzo), se considera que su declaración se presentó en la fecha de vencimiento (por lo general el 15 de abril). What if i didn t file taxes in 2011 Sin embargo, si tiene una extensión para presentar la declaración (por ejemplo, el 15 de octubre), pero la presentó con anticipación y la recibimos el 1 de julio, se considera que su declaración se presentó el 1 de julio. What if i didn t file taxes in 2011 Cabeza de familia o viudo que reúne los requisitos con hijo dependiente. What if i didn t file taxes in 2011   Si a usted se le considera no casado, podría presentar la declaración como cabeza de familia o como viudo que reúne los requisitos con hijo dependiente. What if i didn t file taxes in 2011 Vea Cabeza de Familia y Viudo que Reúne los Requisitos con Hijo Dependiente para saber si reúne los requisitos. What if i didn t file taxes in 2011 Personas casadas. What if i didn t file taxes in 2011   Si se le considera casado, usted y su cónyuge pueden presentar una declaración conjunta o declaraciones por separado. What if i didn t file taxes in 2011 Personas consideradas casadas. What if i didn t file taxes in 2011   A usted se le considera casado si, en el último día de su año tributario, usted y su cónyuge cumplen cualquiera de las siguientes condiciones: Están casados y viven juntos como cónyuges. What if i didn t file taxes in 2011 Viven juntos por matrimonio de hecho reconocido en el estado en que viven o en el estado en que el matrimonio de hecho comenzó. What if i didn t file taxes in 2011 Están casados y viven separados, pero no están legalmente separados por decreto de divorcio o de manutención por separación. What if i didn t file taxes in 2011 Están separados por un decreto provisional (o sea, que no es final) de divorcio. What if i didn t file taxes in 2011 Para propósitos de una declaración conjunta, a usted no se le considera divorciado. What if i didn t file taxes in 2011 Matrimonio del mismo sexo. What if i didn t file taxes in 2011   Para propósitos tributarios federales, se consideran como casadas a las personas del mismo sexo que se casaron legalmente en un estado (o país extranjero) cuyas leyes autorizan el matrimonio entre dos personas del mismo sexo, aun si el estado en el que viven actualmente dichas personas no reconoce el matrimonio entre personas del mismo sexo. What if i didn t file taxes in 2011 El término “cónyuge” incluye a un individuo que está casado con una persona de su mismo sexo si la pareja está legalmente casada conforme a la ley estatal (o extranjera). What if i didn t file taxes in 2011 Sin embargo, las personas que están en una sociedad doméstica (“ domestic partnership ”), unión civil u otra relación semejante que no es considerada un matrimonio conforme a las leyes estatales (o extranjeras) no están consideradas como casadas para propósitos tributarios federales. What if i didn t file taxes in 2011 Para más detalles, consulte la Publicación 501, en inglés. What if i didn t file taxes in 2011 Cónyuge fallecido durante el año. What if i didn t file taxes in 2011   Si su cónyuge falleció durante el año, a usted se le considera casado todo el año para efectos del estado civil en la declaración. What if i didn t file taxes in 2011   Si no se ha vuelto a casar antes de terminar el año tributario, puede presentar una declaración conjunta en nombre suyo y de su cónyuge fallecido. What if i didn t file taxes in 2011 También podría tener derecho, durante los 2 años siguientes, a los beneficios especiales que se explican más adelante en la sección titulada Viudo que Reúne los Requisitos con Hijo Dependiente . What if i didn t file taxes in 2011   Si se ha vuelto a casar antes de terminar el año tributario, puede presentar una declaración conjunta con su nuevo cónyuge. What if i didn t file taxes in 2011 El estado civil para efectos de la declaración de su cónyuge fallecido será el de casado que presenta una declaración por separado para dicho año. What if i didn t file taxes in 2011 Personas casadas que viven separadas. What if i didn t file taxes in 2011   Si usted vive separado de su cónyuge y satisface ciertos requisitos quizás pueda presentar la declaración como cabeza de familia aunque no esté divorciado o legalmente separado. What if i didn t file taxes in 2011 Si reúne los requisitos para presentar la declaración como cabeza de familia en vez de casado que presenta la declaración por separado, la cantidad correspondiente a su deducción estándar será mayor. What if i didn t file taxes in 2011 Además, el impuesto correspondiente podría ser menor y es posible que pueda reclamar el crédito por ingreso del trabajo. What if i didn t file taxes in 2011 Vea más adelante Cabeza de Familia . What if i didn t file taxes in 2011 Soltero Su estado civil para efectos de la declaración es soltero si se considera que no está casado y no reúne los requisitos para otro estado civil. What if i didn t file taxes in 2011 Para determinar su estado civil vea el apartado anterior titulado Estado Civil . What if i didn t file taxes in 2011 Viudo. What if i didn t file taxes in 2011   Podría declarar el estado civil de soltero si antes del 1 de enero del año 2013 enviudó y no se volvió a casar antes de finalizar el año 2013. What if i didn t file taxes in 2011 No obstante, quizás pueda utilizar otro estado civil que le permita pagar menos impuestos. What if i didn t file taxes in 2011 Vea Cabeza de Familia y Viudo que Reúne los Requisitos con Hijo Dependiente , más adelante, para determinar si reúne los requisitos. What if i didn t file taxes in 2011 Cómo presentar la declaración. What if i didn t file taxes in 2011   Puede presentar el Formulario 1040. What if i didn t file taxes in 2011 Si tiene ingresos sujetos a impuestos menores de $100,000, quizá podría presentar el Formulario 1040A. What if i didn t file taxes in 2011 Además, si usted no tiene dependientes y tiene menos de 65 años de edad, no es ciego y cumple otros requisitos, puede presentar el Formulario 1040EZ. What if i didn t file taxes in 2011 Si presenta el Formulario 1040A o el Formulario 1040, indique su estado civil de soltero marcando el recuadro de la línea 1. What if i didn t file taxes in 2011 Utilice la columna de Soltero en la Tabla de Impuestos o la Sección A de la Hoja de Trabajo para el Cálculo del Impuesto, para calcular su impuesto. What if i didn t file taxes in 2011 Casados que Presentan una Declaración Conjunta Puede elegir el estado civil de casado que presenta una declaración conjunta si se le considera casado y usted y su cónyuge deciden presentar una declaración conjunta. What if i didn t file taxes in 2011 En dicha declaración, usted y su cónyuge incluyen la suma de sus ingresos y deducen la suma de sus gastos permisibles. What if i didn t file taxes in 2011 Puede presentar una declaración conjunta aunque uno de ustedes no tuviera ingresos ni deducciones. What if i didn t file taxes in 2011 Si usted y su cónyuge deciden presentar una declaración conjunta, es posible que sus impuestos sean menores que la suma de los impuestos de los otros estados civiles. What if i didn t file taxes in 2011 Además, su deducción estándar (si no detallan sus deducciones) podría ser mayor y podrían reunir los requisitos para recibir beneficios tributarios no aplicables a otros estados civiles para efectos de la declaración. What if i didn t file taxes in 2011 Si usted y su cónyuge tienen ingresos, quizás les convendría calcular el impuesto en una declaración conjunta y en declaraciones separadas (usando el estado civil de casado que presenta la declaración por separado). What if i didn t file taxes in 2011 Pueden escoger el método que les permita pagar la menor cantidad de impuesto en total. What if i didn t file taxes in 2011 Cómo presentar la declaración. What if i didn t file taxes in 2011   Si está casado y presenta la declaración conjunta, puede utilizar el Formulario 1040. What if i didn t file taxes in 2011 Si usted y su cónyuge tienen ingresos sujetos a impuestos menores de $100,000, quizá podría presentar el Formulario 1040A. What if i didn t file taxes in 2011 Además, si usted o su cónyuge no tienen dependientes, ambos tienen menos de 65 años de edad, no están ciegos y cumplen otros requisitos, pueden presentar el Formulario 1040EZ. What if i didn t file taxes in 2011 Si presenta el Formulario 1040 o el Formulario 1040A, indique este estado civil marcando el recuadro de la línea 2. What if i didn t file taxes in 2011 Para calcular sus impuestos, utilice la columna correspondiente a Casado que presenta una declaración conjunta, la cual aparece en la Tabla de Impuestos o la Sección B de la Hoja de Trabajo para el Cálculo del Impuesto. What if i didn t file taxes in 2011 Cónyuge fallecido. What if i didn t file taxes in 2011   Si su cónyuge falleció durante el año, a usted se le considera casado todo el año y puede elegir el estado civil de casado que presenta una declaración conjunta. What if i didn t file taxes in 2011 Vea la sección anterior titulada Cónyuge fallecido durante el año , bajo Estado Civil, para más información. What if i didn t file taxes in 2011   Si su cónyuge falleció en 2014 antes de presentar la declaración de 2013, para efectos de la declaración de 2013 puede elegir casado que presenta la declaración conjunta. What if i didn t file taxes in 2011 Personas divorciadas. What if i didn t file taxes in 2011   Si para el último día del año usted está divorciado conforme a un decreto definitivo de divorcio, se le considerará no casado durante todo el año y no podrá utilizar la clasificación de casado que presenta declaración conjunta como estado civil para efectos de la declaración de impuestos. What if i didn t file taxes in 2011 Presentación de una Declaración Conjunta Usted y su cónyuge tienen que incluir todos sus ingresos, exenciones y deducciones en la declaración conjunta. What if i didn t file taxes in 2011 Período contable. What if i didn t file taxes in 2011   Usted y su cónyuge tienen que utilizar el mismo período contable, pero pueden usar diferentes métodos contables. What if i didn t file taxes in 2011 Vea Períodos Contables y Métodos Contables , en el capítulo 1. What if i didn t file taxes in 2011 Responsabilidad conjunta. What if i didn t file taxes in 2011   Usted y su cónyuge pueden ser responsables, individual y conjuntamente, del impuesto y todos los intereses o multas por pagar en su declaración conjunta. What if i didn t file taxes in 2011 Esto significa que si un cónyuge no paga el impuesto adeudado, el otro puede ser responsable de pagarlo. What if i didn t file taxes in 2011 O, si un cónyuge no informa el impuesto correcto, ambos cónyuges puede que sean responsables por todo impuesto adicional determinado por el IRS. What if i didn t file taxes in 2011 Un cónyuge puede ser responsable de todo el impuesto adeudado, aunque dichos ingresos provengan del trabajo del otro cónyuge. What if i didn t file taxes in 2011   Puede que usted quiera presentar la declaración por separado si: usted cree que su cónyuge no está declarando todo el impuesto de él o ella, o usted no quiere ser responsable de todo el impuesto que su cónyuge adeude si a su cónyuge no se le retiene suficiente impuesto o no paga suficiente impuesto estimado. What if i didn t file taxes in 2011 Contribuyente divorciado. What if i didn t file taxes in 2011   Usted podría ser individual y conjuntamente responsable de todo impuesto, además de todos los intereses y multas adeudados en una declaración conjunta presentada antes de su divorcio. What if i didn t file taxes in 2011 Esta responsabilidad puede ser aplicable aun en el caso en que su decreto de divorcio establezca que su ex cónyuge es responsable de toda cantidad adeudada correspondiente a declaraciones de impuestos conjuntas presentadas anteriormente. What if i didn t file taxes in 2011 Alivio tributario en el caso de obligación conjunta. What if i didn t file taxes in 2011   En algunos casos, en una declaración conjunta, uno de los cónyuges puede ser exonerado de la responsabilidad conjunta de pagar impuestos, intereses y multas por cantidades correspondientes al otro cónyuge que fuesen declaradas incorrectamente en una declaración conjunta. What if i didn t file taxes in 2011 Usted puede solicitar el alivio de dicha obligación, por pequeña que sea la obligación. What if i didn t file taxes in 2011   Hay tres tipos de alivio tributario: Alivio de la responsabilidad tributaria del cónyuge inocente. What if i didn t file taxes in 2011 Separación de la obligación (disponible solamente a las personas que presenten una declaración conjunta y que sean divorciadas, viudas, legalmente separadas o que no hayan vivido juntas durante los 12 meses inmediatamente anteriores a la fecha en que se presente esta solicitud de alivio). What if i didn t file taxes in 2011 Alivio equitativo. What if i didn t file taxes in 2011    Tiene que presentar el Formulario 8857(SP), Solicitud para Alivio del Cónyuge Inocente, para solicitar cualquier alivio tributario de la responsabilidad conjunta. What if i didn t file taxes in 2011 En la Publicación 971, Innocent Spouse Relief (Alivio del cónyuge inocente), en inglés, puede encontrar información detallada sobre este tema, así como sobre quién reúne los requisitos para recibir dicho alivio. What if i didn t file taxes in 2011 Firma de la declaración conjunta. What if i didn t file taxes in 2011   Cada cónyuge está obligado, por lo general, a firmar la declaración. What if i didn t file taxes in 2011 De lo contrario, no se considerará declaración conjunta. What if i didn t file taxes in 2011 Si el cónyuge falleció antes de firmar la declaración. What if i didn t file taxes in 2011   Si su cónyuge falleció antes de firmar la declaración, el albacea o administrador tiene que firmar la declaración en nombre de dicho cónyuge. What if i didn t file taxes in 2011 Si ni usted ni otra persona ha sido todavía nombrado albacea o administrador, puede firmar la declaración en nombre de su cónyuge y escribir “ Filing as surviving spouse ” (Declarar como cónyuge sobreviviente) en el espacio donde firma la declaración. What if i didn t file taxes in 2011 Cónyuge ausente del hogar. What if i didn t file taxes in 2011   Si su cónyuge se encuentra ausente del hogar, usted debe preparar la declaración, firmarla y enviarla a su cónyuge para que la firme de manera que pueda presentarla a tiempo. What if i didn t file taxes in 2011 Impedimento para firmar la declaración debido a enfermedad o lesión. What if i didn t file taxes in 2011   Si su cónyuge no puede firmar por razón de enfermedad o lesión y le pide a usted que firme por él o ella, puede firmar el nombre de su cónyuge en el espacio correspondiente en la declaración seguido por las palabras “ By (su nombre), Husband (esposo) o Wife (esposa)”. What if i didn t file taxes in 2011 Asegúrese también de firmar en el espacio correspondiente a su firma. What if i didn t file taxes in 2011 Incluya un escrito fechado y firmado por usted junto con su declaración de impuestos. What if i didn t file taxes in 2011 Este escrito debe incluir el número del formulario que utiliza para presentar la declaración, el año tributario, la razón por la cual su cónyuge no puede firmar dicha declaración y debe especificar el consentimiento de su cónyuge para que firme por él o ella. What if i didn t file taxes in 2011 Si firma como tutor de su cónyuge. What if i didn t file taxes in 2011   Si es tutor de su cónyuge, el cual se encuentra mentalmente incapacitado, usted puede firmar la declaración por esa persona como tutor. What if i didn t file taxes in 2011 Cónyuge en zona de combate. What if i didn t file taxes in 2011   Puede firmar una declaración conjunta si su cónyuge no puede firmar la declaración porque está en una zona de combate (como el área del Golfo Pérsico, Serbia, Montenegro, Albania o Afganistán), aunque usted no tenga un poder legal u otro tipo de autorización escrita. What if i didn t file taxes in 2011 Adjunte a su declaración de impuestos un escrito firmado explicando que su cónyuge está prestando servicios en una zona de combate. What if i didn t file taxes in 2011 Para más información sobre los requisitos tributarios especiales para personas que estén prestando servicios en una zona de combate, o que hayan sido declaradas desaparecidas en una zona de combate, vea la Publicación 3, Armed Forces' Tax Guide (Guía de impuestos para las Fuerzas Armadas), en inglés. What if i didn t file taxes in 2011 Otras razones por las cuales su cónyuge no puede firmar. What if i didn t file taxes in 2011    Si su cónyuge no puede firmar la declaración por cualquier otra razón, usted puede firmarla por él o ella únicamente si se le otorga un poder legal válido (un documento legal en el cual se le autoriza para actuar en nombre de su cónyuge). What if i didn t file taxes in 2011 Adjunte el poder legal (o una copia de éste) a su declaración de impuestos. What if i didn t file taxes in 2011 Para este propósito, puede utilizar el Formulario 2848(SP), Poder Legal y Declaración del Representante. What if i didn t file taxes in 2011 Extranjero no residente o extranjero con doble estado de residencia. What if i didn t file taxes in 2011   Por lo general, un cónyuge no puede presentar una declaración conjunta si uno de los cónyuges es extranjero no residente en cualquier momento durante el año tributario. What if i didn t file taxes in 2011 Sin embargo, si un cónyuge era extranjero no residente o extranjero con doble estado de residencia y estaba casado con un ciudadano o residente de los Estados Unidos al finalizar el año, ambos cónyuges pueden optar por presentar una declaración conjunta. What if i didn t file taxes in 2011 Si deciden presentar dicha declaración, a ambos se les considerará residentes de los Estados Unidos durante todo el año tributario. What if i didn t file taxes in 2011 Vea el capítulo 1 de la Publicación 519, en inglés. What if i didn t file taxes in 2011 Casados que Presentan la Declaración por Separado Si está casado, usted y su cónyuge pueden optar por usar el estado civil de casados que presentan la declaración por separado. What if i didn t file taxes in 2011 Pueden beneficiarse de este método si quieren responsabilizarse únicamente de su propio impuesto o si dicho impuesto resultara ser menor que el impuesto declarado en una declaración conjunta. What if i didn t file taxes in 2011 Si usted y su cónyuge no están de acuerdo en presentar la declaración conjunta, tiene que presentar su declaración por separado a menos que reúna los requisitos para el estado civil de cabeza de familia que se explica más adelante. What if i didn t file taxes in 2011 Puede elegir el estado civil de cabeza de familia si se le considera soltero porque vive separado de su cónyuge y reúne ciertos requisitos (explicados más adelante bajo Cabeza de Familia ). What if i didn t file taxes in 2011 Esto es aplicable a usted aunque no esté divorciado o legalmente separado. What if i didn t file taxes in 2011 Si reúne los requisitos para presentar la declaración como cabeza de familia en vez de casado que presenta la declaración por separado, es posible que pague menos impuestos, que pueda reclamar el crédito por ingreso del trabajo y otros créditos adicionales; además, su deducción estándar será mayor. What if i didn t file taxes in 2011 El estado civil de cabeza de familia le permite escoger la deducción estándar aunque su cónyuge opte por detallar sus deducciones. What if i didn t file taxes in 2011 Para información adicional, vea Cabeza de Familia , más adelante. What if i didn t file taxes in 2011 Usted, por lo general, pagará una suma mayor de impuestos en declaraciones separadas de lo que pagarían en una declaración conjunta por las razones detalladas en la sección Reglas Especiales , que aparece más adelante. What if i didn t file taxes in 2011 Sin embargo, a menos que usted y su cónyuge tengan que presentar declaraciones por separado, deben calcular sus impuestos de las dos maneras (en una declaración conjunta y en declaraciones separadas). What if i didn t file taxes in 2011 De esta manera, pueden asegurarse de utilizar el método mediante el cual paguen la menor cantidad de impuestos entre los dos. What if i didn t file taxes in 2011 Al calcular el monto combinado de los impuestos de ambos cónyuges, usted querrá tener en cuenta los impuestos estatales al igual que los impuestos federales. What if i didn t file taxes in 2011 Cómo presentar la declaración. What if i didn t file taxes in 2011   Si presenta una declaración por separado, normalmente declara únicamente su propio ingreso, exenciones, créditos y deducciones. What if i didn t file taxes in 2011 Puede declarar una exención por su cónyuge solamente si éste no recibe ingresos brutos, no presenta una declaración y no es dependiente de otro contribuyente. What if i didn t file taxes in 2011 Puede presentar el Formulario 1040. What if i didn t file taxes in 2011 Si tiene ingresos sujetos a impuestos menores de $100,000, quizá podría presentar el Formulario 1040A. What if i didn t file taxes in 2011 Elija este estado civil marcando el recuadro de la línea 3 de cualquiera de estos formularios. What if i didn t file taxes in 2011 Anote el nombre completo de su cónyuge y el número de Seguro Social (SSN, por sus siglas en inglés) o el número de identificación del contribuyente individual (ITIN, por sus siglas en inglés) de su cónyuge en los espacios provistos. What if i didn t file taxes in 2011 Si su cónyuge no tiene y no se le requiere tener un SSN o un ITIN, anote “ NRA ” (extranjero no residente, por sus siglas en inglés) en el espacio provisto para el SSN de su cónyuge. What if i didn t file taxes in 2011 Utilice la columna para Casado que presenta una declaración por separado en la Tabla de Impuestos o en la Sección C de la Hoja de Trabajo para el Cálculo del Impuesto para calcular su impuesto. What if i didn t file taxes in 2011 Reglas Especiales Si opta por usar el estado civil de casado que presenta la declaración por separado, corresponden las siguientes reglas especiales. What if i didn t file taxes in 2011 Debido a estas reglas especiales, por lo general usted pagará más impuestos en una declaración por separado de lo que pagaría si utilizara otro estado civil al cual tiene derecho. What if i didn t file taxes in 2011   Su tasa de impuestos generalmente es mayor que la de una declaración conjunta. What if i didn t file taxes in 2011 La cantidad de la exención para calcular el impuesto mínimo alternativo es la mitad de la cantidad permitida en una declaración conjunta. What if i didn t file taxes in 2011 No puede tomar el crédito por gastos de cuidado de hijos y dependientes en la mayoría de los casos y la cantidad que puede excluir del ingreso en un programa de ayuda del empleador para el cuidado de dependientes es un máximo de $2,500 (en vez de $5,000). What if i didn t file taxes in 2011 Si está legalmente separado de su cónyuge, o viven separados, quizás pueda presentar la declaración por separado y todavía tomar el crédito. What if i didn t file taxes in 2011 Para más información sobre estos gastos, el crédito y la exclusión, vea el capítulo 32. What if i didn t file taxes in 2011 No puede tomar el crédito por ingreso del trabajo. What if i didn t file taxes in 2011 No puede tomar la exclusión o crédito por gastos de adopción en la mayoría de los casos. What if i didn t file taxes in 2011 No puede tomar los créditos tributarios por enseñanza superior (el crédito de oportunidad para los estadounidenses y el crédito vitalicio por aprendizaje), declarar la deducción por intereses sobre un préstamo de estudios o las deducciones por matrícula y cuotas escolares. What if i didn t file taxes in 2011 No puede excluir ningún ingreso de intereses procedentes de un bono de ahorros de los Estados Unidos calificado que haya utilizado para gastos de enseñanza superior. What if i didn t file taxes in 2011 Si vivió con su cónyuge en algún momento durante el año tributario: No puede reclamar el crédito para ancianos o para personas incapacitadas y Tendrá que incluir en sus ingresos un porcentaje más grande de los beneficios del Seguro Social o beneficios equivalentes de la jubilación ferroviaria que haya recibido (hasta el 85%). What if i didn t file taxes in 2011 Los siguientes créditos y deducciones se reducen en el caso de niveles de ingreso que sean la mitad de lo que serían en una declaración conjunta: El crédito tributario por hijos, El crédito por aportaciones a cuentas de ahorros para la jubilación, La deducción por exenciones personales y Las deducciones detalladas. What if i didn t file taxes in 2011 Su deducción por pérdida de capital se limita a $1,500 (en vez de $3,000 en una declaración conjunta). What if i didn t file taxes in 2011 Si su cónyuge detalla sus deducciones, usted no puede reclamar la deducción estándar. What if i didn t file taxes in 2011 Si usted puede reclamar la deducción estándar, la cantidad básica de su deducción estándar es la mitad de la cantidad permitida en una declaración conjunta. What if i didn t file taxes in 2011 Límites del ingreso bruto ajustado. What if i didn t file taxes in 2011   Si su ingreso bruto ajustado (AGI, por sus siglas en inglés) en una declaración separada es menor de lo que hubiera podido ser en una declaración conjunta, usted podría deducir una cantidad mayor para ciertas deducciones limitadas por el ingreso bruto ajustado, tales como gastos médicos. What if i didn t file taxes in 2011 Arreglos de ahorros para la jubilación. What if i didn t file taxes in 2011   Es posible que no pueda deducir la totalidad o parte de sus aportaciones a un arreglo de ahorros tradicional para la jubilación (IRA, por sus siglas en inglés) si usted o su cónyuge estuvo cubierto por un plan de jubilación de su trabajo durante el año. What if i didn t file taxes in 2011 Su deducción se reduce o se elimina si sus ingresos sobrepasan cierta cantidad. What if i didn t file taxes in 2011 Esta cantidad es mucho menor para personas casadas que presentan la declaración por separado y que vivieron juntas en algún momento del año. What if i didn t file taxes in 2011 Para más información, vea ¿Cuánto se Puede Deducir? , en el capítulo 17. What if i didn t file taxes in 2011 Pérdidas de actividades de alquiler. What if i didn t file taxes in 2011   Si participó activamente en una actividad pasiva de alquiler de bienes raíces que haya generado una pérdida, normalmente puede deducir la pérdida de su ingreso no pasivo, hasta $25,000. What if i didn t file taxes in 2011 Esto se denomina “descuento especial”. What if i didn t file taxes in 2011 Sin embargo, las personas casadas que presentan declaraciones por separado que vivieron juntas en algún momento del año no pueden reclamar este descuento especial. What if i didn t file taxes in 2011 Las personas casadas que presentan declaraciones por separado que vivieron separadas en todo momento durante el año pueden obtener cada una por separado un descuento máximo especial de $12,500 por pérdidas de actividades pasivas de bienes raíces. What if i didn t file taxes in 2011 Vea Límites sobre las Pérdidas de Alquiler , en el capítulo 9. What if i didn t file taxes in 2011 Estados donde rige la ley de los bienes gananciales. What if i didn t file taxes in 2011   Si vive en Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington o Wisconsin y presenta una declaración por separado, es posible que sus ingresos se consideren ingresos por separado o ingresos como bienes gananciales para efectos del impuesto sobre el ingreso. What if i didn t file taxes in 2011 Vea la Publicación 555, en inglés. What if i didn t file taxes in 2011 Declaración Conjunta Después de Presentar Declaraciones por Separado Puede cambiar su estado civil para efectos de la declaración después de presentar una declaración por separado a una declaración conjunta presentando una declaración enmendada, utilizando el Formulario 1040X. What if i didn t file taxes in 2011 Por lo general, puede cambiar a una declaración conjunta en cualquier momento dentro de un plazo de 3 años a partir de la fecha límite para presentar la declaración o declaraciones separadas. What if i didn t file taxes in 2011 Este plazo no incluye prórroga alguna. What if i didn t file taxes in 2011 Una declaración separada incluye una declaración que usted o su cónyuge haya presentado con uno de los tres estados civiles siguientes: casado que presenta la declaración por separado, soltero o cabeza de familia. What if i didn t file taxes in 2011 Declaración por Separado Después de Presentar una Declaración Conjunta Una vez que hayan presentado una declaración conjunta, no podrán optar por presentar declaraciones por separado para ese año después de la fecha límite para presentar dicha declaración conjunta. What if i didn t file taxes in 2011 Excepción. What if i didn t file taxes in 2011   El representante personal de un fallecido puede cambiar la opción del cónyuge sobreviviente de presentar una declaración conjunta, presentando en su lugar una declaración por separado en nombre del fallecido. What if i didn t file taxes in 2011 El representante personal tiene hasta 1 año a partir de la fecha de vencimiento del plazo de entrega de la declaración (incluidas prórrogas) para hacer el cambio. What if i didn t file taxes in 2011 Vea la Publicación 559, Survivors, Executors, and Administrators (Sobrevivientes, albaceas y administradores), en inglés, para más información sobre la presentación de la declaración final para un fallecido. What if i didn t file taxes in 2011 Cabeza de Familia Puede presentar la declaración como cabeza de familia si cumple todos los requisitos siguientes: No está casado o “se le consideraba no casado” en el último día del año. What if i didn t file taxes in 2011 Vea Estado Civil , anteriormente y Personas Consideradas no Casadas , más adelante. What if i didn t file taxes in 2011 Pagó más de la mitad del costo de mantener una vivienda durante el año. What if i didn t file taxes in 2011 Una persona calificada vivió con usted en la vivienda durante más de la mitad del año (excepto por ausencias temporales, como para cursar estudios). What if i didn t file taxes in 2011 Sin embargo, si la “persona calificada” es su padre o madre dependiente, él o ella no tiene que vivir con usted. What if i didn t file taxes in 2011 Vea Regla especial para los padres , más adelante, en la sección titulada Persona Calificada. What if i didn t file taxes in 2011 Si reúne los requisitos para presentar la declaración como cabeza de familia, su tasa de impuesto será, por lo general, menor que las tasas para solteros o casados que presentan declaraciones por separado. What if i didn t file taxes in 2011 Usted recibirá, además, una deducción estándar mayor de la que recibiría si se basara en el estado civil de soltero o de casado que presenta una declaración por separado. What if i didn t file taxes in 2011 Hijos secuestrados. What if i didn t file taxes in 2011   Usted podría reunir los requisitos para presentar la declaración como cabeza de familia, aun cuando su hijo haya sido secuestrado. What if i didn t file taxes in 2011 Para más información, vea la Publicación 501, en inglés. What if i didn t file taxes in 2011 Cómo presentar la declaración. What if i didn t file taxes in 2011   Si presenta la declaración como cabeza de familia, puede utilizar el Formulario 1040. What if i didn t file taxes in 2011 Si tiene ingresos sujetos a impuestos menores de $100,000, quizá podría presentar el Formulario 1040A. What if i didn t file taxes in 2011 Indique su estado civil para efectos de la declaración marcando el recuadro de la línea 4 en cualquiera de estos formularios. What if i didn t file taxes in 2011 Utilice la columna Cabeza de familia en la Tabla de Impuestos o la Sección D de la Hoja de Trabajo para el Cálculo del Impuesto, para calcular su impuesto. What if i didn t file taxes in 2011 Personas Consideradas no Casadas Para tener derecho al estado civil de cabeza de familia, tiene que ser no casado o considerado no casado el último día del año. What if i didn t file taxes in 2011 Se le considera no casado el último día del año tributario si reúne todos los requisitos siguientes: Presenta una declaración separada, definida anteriormente en la sección titulada Declaración Conjunta Después de Presentar Declaraciones por Separado . What if i didn t file taxes in 2011 Pagó más de la mitad de los costos de mantenimiento de su vivienda durante el año tributario. What if i didn t file taxes in 2011 Su cónyuge no vivió con usted en la vivienda durante los últimos 6 meses del año tributario. What if i didn t file taxes in 2011 Se considera que su cónyuge ha vivido en la vivienda aun si él o ella se ausenta temporalmente debido a circunstancias especiales. What if i didn t file taxes in 2011 Vea más adelante Ausencias temporales , bajo Persona Calificada. What if i didn t file taxes in 2011 Su vivienda fue la residencia principal de su hijo, hijastro o hijo de crianza durante más de la mitad del año. What if i didn t file taxes in 2011 (Vea Vivienda de una persona calificada , bajo Persona Calificada, más adelante, para los requisitos aplicables al nacimiento, fallecimiento o ausencia temporal de un hijo durante el año). What if i didn t file taxes in 2011 Tiene que tener derecho a reclamar una exención por el hijo. What if i didn t file taxes in 2011 No obstante, usted cumple este requisito si no puede reclamar una exención por su hijo solamente porque el padre que no tiene la custodia puede declararlo basándose en los requisitos que se describen en Hijos de padres divorciados o separados (o padres que no viven juntos) bajo Hijo Calificado en el capítulo 3 o en Requisito de Manutención para Hijos de Padres Divorciados o Separados (o padres que no viven juntos) bajo Pariente Calificado en el capítulo 3. What if i didn t file taxes in 2011 Los requisitos generales para reclamar la exención por un dependiente se explican en el capítulo 3 bajo Exenciones por Dependientes . What if i didn t file taxes in 2011 Si se le considera casado por parte del año y vivió en un estado donde rige la ley de los bienes gananciales (indicado anteriormente bajo la sección titulada Casados que Presentan la Declaración por Separado), es posible que correspondan requisitos especiales para determinar su ingreso y sus gastos. What if i didn t file taxes in 2011 Vea la Publicación 555, en inglés, para más información. What if i didn t file taxes in 2011 Hoja de Trabajo 2-1. What if i didn t file taxes in 2011 Costo de Mantenimiento de la Vivienda   Cantidad que Usted Pagó Costo Total Impuestos sobre la propiedad $ $ Gastos por intereses hipotecarios     Alquiler     Gastos de servicios públicos     Mantenimiento y reparaciones     Seguro de la propiedad     Alimentos consumidos  en la vivienda     Otros gastos del hogar     Totales $ $ Menos la cantidad total que usted pagó   () Cantidad que otras personas pagaron   $ Si el total de lo que usted pagó es más de lo que otros pagaron, usted reúne el requisito de pagar más de la mitad del mantenimiento de la vivienda. What if i didn t file taxes in 2011 Cónyuge extranjero no residente. What if i didn t file taxes in 2011   Se le considera no casado para propósitos del estado civil de cabeza de familia si su cónyuge fue extranjero no residente en alguna parte del año y usted no opta por incluir a su cónyuge no residente en la declaración como extranjero residente. What if i didn t file taxes in 2011 No obstante, su cónyuge no es una persona calificada para fines del estado civil de cabeza de familia. What if i didn t file taxes in 2011 Usted tiene que tener otra persona calificada y reunir los demás requisitos necesarios para poder presentar la declaración como cabeza de familia. What if i didn t file taxes in 2011 Elección de incluir al cónyuge en la declaración como residente. What if i didn t file taxes in 2011   Se le considera casado si ha optado por incluir a su cónyuge en la declaración como extranjero residente. What if i didn t file taxes in 2011 Vea la Publicación 519, U. What if i didn t file taxes in 2011 S. What if i didn t file taxes in 2011 Tax Guide for Aliens (Guía sobre los impuestos estadounidenses para extranjeros), en inglés. What if i didn t file taxes in 2011 Personas que Mantienen una Vivienda Para tener derecho al estado civil de cabeza de familia para la declaración, tiene que pagar más de la mitad de los gastos de mantener la vivienda durante el año. What if i didn t file taxes in 2011 Para determinar si usted pagó más de la mitad del costo de mantener una vivienda, puede usar la Hoja de Trabajo 2-1, anteriormente. What if i didn t file taxes in 2011 Costos que se incluyen. What if i didn t file taxes in 2011   Incluya en los costos de mantenimiento de la vivienda, gastos como alquiler, intereses hipotecarios, impuestos sobre bienes raíces, seguro de la vivienda, reparaciones, servicios públicos y alimentos consumidos en la vivienda. What if i didn t file taxes in 2011   Si usó pagos recibidos bajo el programa Temporary Assistance for Needy Families (Asistencia Temporal para Familias Necesitadas (TANF, por sus siglas en inglés)) u otros programas de asistencia pública para pagar parte del costo de mantener su vivienda, no los puede incluir como dinero pagado. What if i didn t file taxes in 2011 No obstante, debe incluirlos en la totalidad del costo de mantener su vivienda para calcular si pagó más de la mitad del costo. What if i didn t file taxes in 2011 Costos que no se incluyen. What if i didn t file taxes in 2011   No incluya los costos de ropa, educación, tratamiento médico, vacaciones, seguro de vida o transporte. What if i didn t file taxes in 2011 Tampoco incluya el valor del alquiler de una vivienda de la cual usted es dueño ni el valor de los servicios prestados por usted o por un miembro de su hogar. What if i didn t file taxes in 2011 Persona Calificada Vea la Tabla 2-1 más adelante, para determinar quién es una persona calificada. What if i didn t file taxes in 2011 Toda persona no descrita en la Tabla 2-1 no es una persona calificada. What if i didn t file taxes in 2011 Ejemplo 1: hijo. What if i didn t file taxes in 2011 Su hijo, no casado, vivió con usted durante todo el año y tenía 18 años de edad al final del año. What if i didn t file taxes in 2011 Él no aportó más de la mitad de su propia manutención, ni cumple los requisitos para ser hijo calificado de otro contribuyente. What if i didn t file taxes in 2011 Por lo tanto, es el hijo calificado de usted (vea Hijo Calificado en el capítulo 3), ya que es soltero, es una persona calificada en la que usted puede basarse para presentar la declaración de impuestos como cabeza de familia. What if i didn t file taxes in 2011 Ejemplo 2: hijo no considerado persona calificada. What if i didn t file taxes in 2011 Los datos son iguales a los del Ejemplo 1, excepto que su hijo tenía 25 años de edad al finalizar el año y su ingreso bruto fue $5,000. What if i didn t file taxes in 2011 Debido a que su hijo no satisface el Requisito de Edad (explicado en el capítulo 3 bajo Hijo Calificado), su hijo no es considerado hijo calificado. What if i didn t file taxes in 2011 Debido a que él no satisface el Requisito del Ingreso Bruto (explicado bajo Pariente Calificado en el capítulo 3), él no es el pariente calificado de usted. What if i didn t file taxes in 2011 Por lo tanto, él no es una persona calificada en la que usted pueda basarse para presentar la declaración de impuestos como cabeza de familia. What if i didn t file taxes in 2011 Ejemplo 3: novia. What if i didn t file taxes in 2011 Su novia vivió con usted durante todo el año. What if i didn t file taxes in 2011 Aunque ella podría ser el pariente calificado de usted si reúne el requisito del ingreso bruto y el requisito de manutención (explicados en el capítulo 3), ella no es una persona calificada en la que usted pueda basarse para presentar la declaración de impuestos como cabeza de familia debido a que ella no está emparentada con usted en una de las maneras mencionadas bajo Parientes que no tienen que vivir con usted , en el capítulo 3. What if i didn t file taxes in 2011 Vea la Tabla 2-1 . What if i didn t file taxes in 2011 Ejemplo 4: el hijo de su novia. What if i didn t file taxes in 2011 Los datos son iguales a los del Ejemplo 3 , excepto que el hijo de su novia, el cual tiene 10 años de edad, también vivió con usted durante todo el año. What if i didn t file taxes in 2011 No es el hijo calificado de usted y, ya que es el hijo calificado de su novia, tampoco es el pariente calificado de usted (vea el Requisito de no ser Hijo Calificado en el capítulo 3). What if i didn t file taxes in 2011 Por lo tanto, no es una persona calificada en la que usted pueda basarse para presentar la declaración de impuestos como cabeza de familia. What if i didn t file taxes in 2011 Vivienda de una persona calificada. What if i didn t file taxes in 2011   Por lo general, la persona calificada tiene que vivir con usted durante más de la mitad del año. What if i didn t file taxes in 2011 Regla especial para los padres. What if i didn t file taxes in 2011   Si la persona calificada es su padre o su madre, podría tener derecho al estado civil de cabeza de familia al presentar la declaración, aunque su padre o su madre no viva con usted. What if i didn t file taxes in 2011 Sin embargo, tiene que poder reclamar una exención por su padre o su madre. What if i didn t file taxes in 2011 También tiene que pagar más de la mitad de los gastos de mantener una vivienda que fue la vivienda principal de su madre o su padre durante todo el año. What if i didn t file taxes in 2011   Usted mantiene la vivienda principal para su padre o su madre si paga más de la mitad de los gastos de mantenimiento de su padre o su madre en un asilo o residencia para ancianos. What if i didn t file taxes in 2011 Fallecimiento o nacimiento. What if i didn t file taxes in 2011   Es posible que pueda presentar la declaración como cabeza de familia aun cuando la persona que le da derecho a este estado civil nazca o muera durante el año. What if i didn t file taxes in 2011 Si esa persona es su hijo calificado, el hijo tiene que haber vivido con usted por más de la mitad de la parte del año en que él o ella estaba vivo. What if i didn t file taxes in 2011 Si la persona es cualquier otra persona que no sea su hijo calificado, consulte la Publicación 501. What if i didn t file taxes in 2011 Ausencias temporales. What if i didn t file taxes in 2011   Se considera que usted y la persona calificada residen en la misma vivienda aun en el caso de una ausencia temporal suya, de la otra persona o de ambas, debido a circunstancias especiales, como enfermedad, educación, negocios, vacaciones o servicio militar. What if i didn t file taxes in 2011 Tiene que ser razonable suponer que la persona ausente volverá a la vivienda después de la ausencia temporal. What if i didn t file taxes in 2011 Usted tiene que continuar manteniendo la vivienda durante la ausencia. What if i didn t file taxes in 2011 Viudo que Reúne los Requisitos con Hijo Dependiente Si su cónyuge falleció en el año 2013, usted puede utilizar el estado civil de casado que presenta una declaración conjunta para el año 2013 si satisface los demás requisitos para utilizar dicho estado civil para efectos de la declaración. What if i didn t file taxes in 2011 El año de fallecimiento es el último año para el cual puede presentar una declaración conjunta con su cónyuge fallecido. What if i didn t file taxes in 2011 Vea la sección anterior, Casados que Presentan una Declaración Conjunta . What if i didn t file taxes in 2011 Es posible que pueda presentar su declaración utilizando el estado civil de viudo que reúne los requisitos con hijo dependiente durante los 2 años siguientes al año del fallecimiento de su cónyuge. What if i didn t file taxes in 2011 Por ejemplo, si su cónyuge falleció en el año 2012 y usted no se ha vuelto a casar, quizás pueda utilizar este estado civil para efectos de la declaración para los años 2013 y 2014. What if i didn t file taxes in 2011 Este estado civil le da el derecho de usar las tasas impositivas para la declaración conjunta y la deducción estándar máxima (si no detalla las deducciones). What if i didn t file taxes in 2011 Sin embargo, dicho estado civil no le da el derecho de presentar una declaración conjunta. What if i didn t file taxes in 2011 Cómo presentar la declaración. What if i didn t file taxes in 2011   Si usted presenta la declaración como viudo que reúne los requisitos con hijo dependiente, puede usar el Formulario 1040. What if i didn t file taxes in 2011 Además, si tiene ingresos sujetos a impuestos menores de $100,000 y cumple con ciertas condiciones, quizá podría presentar el Formulario 1040A. What if i didn t file taxes in 2011 Marque el recuadro en la línea 5 de cualquiera de los dos formularios. What if i didn t file taxes in 2011 Para calcular su impuesto, utilice la columna correspondiente a Casado que presenta una declaración conjunta, la cual aparece en la Tabla de Impuestos o la Sección B de la Hoja de Trabajo para el Cálculo del Impuesto. What if i didn t file taxes in 2011 Tabla 2-1. What if i didn t file taxes in 2011 ¿Quién le Da Derecho a Presentar la Declaración como Cabeza de Familia?1 Precaución: En este capítulo encontrará los demás requisitos que tiene que reunir para reclamar el estado civil de cabeza de familia para efectos de la declaración. What if i didn t file taxes in 2011 SI la persona es su . What if i didn t file taxes in 2011 . What if i didn t file taxes in 2011 . What if i didn t file taxes in 2011   Y . What if i didn t file taxes in 2011 . What if i didn t file taxes in 2011 . What if i didn t file taxes in 2011   ENTONCES esa persona . What if i didn t file taxes in 2011 . What if i didn t file taxes in 2011 . What if i didn t file taxes in 2011 hijo calificado (como un hijo, hija o nieto que vivió con usted durante más de la mitad del año y reúne ciertos otros requisitos)2   él o ella es soltero   es una persona calificada, independientemente de si usted puede o no reclamar una exención por dicha persona. What if i didn t file taxes in 2011   él o ella está casado y usted puede reclamar una exención por él o ella   es una persona calificada. What if i didn t file taxes in 2011   él o ella está casado y usted no puede reclamar una exención por él o ella   no es una persona calificada. What if i didn t file taxes in 2011 3 pariente calificado4 que sea su padre o madre   usted puede reclamar una exención por él o ella5   es una persona calificada. What if i didn t file taxes in 2011 6   usted no puede reclamar una exención por él o ella   no es una persona calificada. What if i didn t file taxes in 2011 pariente calificado4 que no sea su padre o madre (como un abuelo, hermano o hermana que reúne ciertos requisitos)   él o ella vivió con usted durante más de la mitad del año y él o ella es uno de los parientes mencionados en Parientes que no tienen que vivir con usted en el capítulo 3 y usted puede reclamar una exención por él o ella5   es una persona calificada. What if i didn t file taxes in 2011   él o ella no vivió con usted durante más de la mitad del año   no es una persona calificada. What if i didn t file taxes in 2011   él o ella no es uno de los parientes mencionados en Parientes que no tienen que vivir con usted en el capítulo 3 y es su pariente calificado sólo por vivir con usted todo el año como miembro de su unidad familiar   no es una persona calificada. What if i didn t file taxes in 2011   usted no puede reclamar una exención por él o ella   no es una persona calificada. What if i didn t file taxes in 2011 1Una persona no puede darle a más de un contribuyente el derecho de usar el estado civil de cabeza de familia para la declaración en el año. What if i didn t file taxes in 2011 2El término hijo calificado se define en el capítulo 3. What if i didn t file taxes in 2011 Nota: Si usted es padre o madre sin custodia, el término “hijo calificado” para el estado civil de cabeza de familia no incluye a un hijo que sea su hijo calificado para propósitos de una exención tributaria debido solamente a las reglas descritas bajo Hijos de padres divorciados o separados (o padres que no viven juntos) bajo Hijo Calificado en el capítulo 3. What if i didn t file taxes in 2011 Si usted es el padre o la madre que tiene custodia y le corresponden estas reglas, el hijo generalmente es su hijo calificado para el estado civil de cabeza de familia aunque el hijo no sea un hijo calificado por el cual usted pueda reclamar una exención. What if i didn t file taxes in 2011 3Esta persona es una persona calificada si la única razón por la cual usted no puede tener derecho a la exención es que usted puede ser reclamado como dependiente en la declaración de otra persona. What if i didn t file taxes in 2011 4El término “ pariente calificado ” se define en el capítulo 3. What if i didn t file taxes in 2011 5Si usted puede reclamar una exención por una persona sólo porque existe un acuerdo de manutención múltiple, dicha persona no es una persona calificada. What if i didn t file taxes in 2011 Vea la sección titulada Acuerdo de Manutención Múltiple , en el capítulo 3. What if i didn t file taxes in 2011 6Vea Regla especial para los padres . What if i didn t file taxes in 2011   Requisitos. What if i didn t file taxes in 2011   Tiene derecho a presentar la declaración del año 2013 como viudo que reúne los requisitos con hijo dependiente si cumple todas las condiciones siguientes: Tenía derecho a presentar una declaración conjunta con su cónyuge para el año en que éste falleció. What if i didn t file taxes in 2011 No importa si usted de hecho llegó a presentar una declaración conjunta. What if i didn t file taxes in 2011 Su cónyuge falleció en el año 2011 o en el año 2012 y usted no se volvió a casar antes de terminar el año 2013. What if i didn t file taxes in 2011 Tiene un hijo o hijastro por el cual usted puede reclamar una exención. What if i didn t file taxes in 2011 Esto no incluye a un hijo de crianza. What if i didn t file taxes in 2011 Este hijo vivió en su vivienda durante todo el año, a excepción de ausencias temporales. What if i didn t file taxes in 2011 Vea Ausencias temporales , anteriormente, bajo Cabeza de Familia. What if i didn t file taxes in 2011 También hay excepciones, las cuales se describen más adelante, que corresponden a un hijo que nació o falleció durante el año y a un hijo secuestrado. What if i didn t file taxes in 2011 Pagó más de la mitad del costo de mantener una vivienda durante el año. What if i didn t file taxes in 2011 Vea Personas que Mantienen una Vivienda , anteriormente, bajo Cabeza de Familia. What if i didn t file taxes in 2011 Ejemplo. What if i didn t file taxes in 2011 La esposa de Juan falleció en el año 2011. What if i didn t file taxes in 2011 Él no se ha vuelto a casar. What if i didn t file taxes in 2011 Durante los años 2012 y 2013, continuó manteniendo una vivienda para él y su hijo (que vive con él y por el cual puede reclamar una exención). What if i didn t file taxes in 2011 En el año 2011, tenía derecho a presentar una declaración conjunta para él y su esposa fallecida. What if i didn t file taxes in 2011 En los años tributarios 2012 y 2013 tiene derecho a presentar una declaración como viudo que reúne los requisitos con hijo dependiente. What if i didn t file taxes in 2011 Después de 2013, puede presentar la declaración usando el estado civil de cabeza de familia si reúne los requisitos para dicho estado civil. What if i didn t file taxes in 2011 Fallecimiento o nacimiento. What if i didn t file taxes in 2011    Puede satisfacer las condiciones para presentar una declaración como viudo que reúne los requisitos con hijo dependiente si el hijo que le da derecho a este estado civil nace o fallece durante el año. What if i didn t file taxes in 2011 Tiene que haber provisto más de la mitad del costo de mantener una vivienda que fuera la residencia principal del hijo durante toda la parte del año durante el cual el hijo estuvo vivo. What if i didn t file taxes in 2011 Hijos secuestrados. What if i didn t file taxes in 2011   Aunque su hijo haya sido secuestrado, dicho hijo podría darle derecho al estado civil de viudo calificado con hijo dependiente que reúne los requisitos. What if i didn t file taxes in 2011 Para más información, vea la Publicación 501, en inglés. What if i didn t file taxes in 2011 Como se menciona anteriormente, este estado civil se puede utilizar solamente durante los 2 años siguientes al año del fallecimiento de su cónyuge. What if i didn t file taxes in 2011 Prev  Up  Next   Home   More Online Publications