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Where Can I Do My State Taxes Online For Free

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Where Can I Do My State Taxes Online For Free

Where can i do my state taxes online for free 32. Where can i do my state taxes online for free   Crédito por Gastos del Cuidado de Menores y Dependientes Table of Contents Recordatorios Introduction Useful Items - You may want to see: Requisitos Para Reclamar el CréditoRequisitos de la Persona Calificada Requisito del Ingreso del Trabajo Requisito de Gastos Relacionados con el Trabajo Requisito de la Declaración Conjunta Requisito de Identificación del Proveedor de Cuidados Cómo Calcular el CréditoCómo Calcular el Total de los Gastos Relacionados con el Trabajo Límite del Ingreso del Trabajo Límite de Dinero Cantidad de Crédito Cómo Reclamar el CréditoCrédito tributario no reembolsable. Where can i do my state taxes online for free Impuestos sobre la Nómina para Empleadores de Empleados Domésticos Recordatorios Se necesita un Número de Identificación del Contribuyente (TIN, por sus siglas en inglés) para cada persona calificada. Where can i do my state taxes online for free  Tiene que incluir el nombre y el número de identificación del contribuyente (el cual suele ser el número de Seguro Social) de cada persona calificada en la línea 2 del Formulario 2441. Where can i do my state taxes online for free Vea Número de identificación del contribuyente , bajo Requisitos de la Persona Calificada , más adelante. Where can i do my state taxes online for free Podría verse obligado a pagar los impuestos sobre la nómina. Where can i do my state taxes online for free  Si le paga a alguien para que venga a cuidar de su dependiente o de su cónyuge en su casa, puede que a usted se le considere un empleador de empleados domésticos, que deba pagar impuestos sobre la nómina. Where can i do my state taxes online for free Por lo general, no se le considera un empleador de empleados domésticos si la persona que cuida de su dependiente o de su cónyuge lleva a cabo este servicio en su propio domicilio (él de dicha persona) o en su lugar de negocios. Where can i do my state taxes online for free Vea Impuestos sobre la Nómina para Empleadores de Empleados Domésticos , más adelante. Where can i do my state taxes online for free Introduction Este capítulo trata del crédito por gastos de cuidado de menores y dependientes y trata los siguientes temas: Los requisitos que uno tiene que reunir para reclamar el crédito. Where can i do my state taxes online for free Cómo calcular el crédito. Where can i do my state taxes online for free Cómo reclamar el crédito. Where can i do my state taxes online for free Impuestos sobre la nómina que usted podría verse obligado a pagar como empleador de empleados domésticos. Where can i do my state taxes online for free Quizás pueda reclamar el crédito por gastos del cuidado de menores y dependientes si le paga a alguien para que cuide a un dependiente menor de 13 años de edad, o a su cónyuge o dependiente incapacitado que no pueda cuidar de sí mismo. Where can i do my state taxes online for free El crédito puede ser hasta el 35% de sus gastos. Where can i do my state taxes online for free Para tener derecho al crédito, usted debe encontrarse obligado a pagar estos gastos para poder trabajar o buscar trabajo. Where can i do my state taxes online for free Este crédito no se debe confundir con el crédito tributario por hijos, el cual se describe en el capítulo 34. Where can i do my state taxes online for free Beneficios para el cuidado de dependientes. Where can i do my state taxes online for free   Si usted recibió de su empleador algún beneficio durante el año que era para el cuidado de dependientes, usted quizás pueda excluir de sus ingresos una parte o el total de dicho beneficio. Where can i do my state taxes online for free Tiene que completar la Parte III del Formulario 2441, antes de poder calcular la cantidad de su crédito. Where can i do my state taxes online for free Vea Beneficios para el Cuidado de Dependientes bajo Cómo Calcular el Crédito , más adelante. Where can i do my state taxes online for free 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 503 Child and Dependent Care Expenses (Gastos del cuidado de menores y dependientes), en inglés 926 Household Employer's Tax Guide (Guía de impuestos para empleadores de empleados domésticos), en inglés Formulario (e Instrucciones) 2441 Child and Dependent Care Expenses (Gastos del cuidado de menores y dependientes), en inglés Anexo H (Formulario 1040) Household Employment Taxes (Impuestos sobre la nómina correspondiente a empleados domésticos), en inglés W-7(SP) Solicitud del Número de Identificación Personal del Contribuyente del Servicio de Impuestos Internos W-10 Dependent Care Provider's Identification and Certification (Identificación y certificación del proveedor del cuidado de dependientes), en inglés Requisitos Para Reclamar el Crédito Para poder reclamar el crédito por gastos del cuidado de menores y dependientes, usted tiene que presentar el Formulario 1040 o el Formulario 1040A, pero no el Formulario 1040EZ y, además, cumplir todos los requisitos siguientes: El cuidado tiene que ser provisto a una, o más de una, persona calificada; la cual debe estar identificada en el Formulario 2441, Child and Dependent Care Expenses (Gastos del Cuidado de Menores y Dependientes), en inglés. Where can i do my state taxes online for free Vea más adelante Requisitos de la Persona Calificada . Where can i do my state taxes online for free Usted (y su cónyuge si presentan una declaración conjunta) tiene que haber recibido ingresos del trabajo durante el año. Where can i do my state taxes online for free Sin embargo, vea más adelante el tema Regla para cónyuge estudiante o cónyuge incapacitado para cuidar de sí mismo bajo Requisito del Ingreso del Trabajo. Where can i do my state taxes online for free Tiene que pagar gastos del cuidado de menores y dependientes para que usted (y su cónyuge, si presentan una declaración conjunta) pueda trabajar o buscar trabajo. Where can i do my state taxes online for free Vea más adelante Requisito de Gastos Relacionados con el Trabajo . Where can i do my state taxes online for free Tiene que hacer los pagos por gastos del cuidado de menores y dependientes a alguien que ni usted ni su cónyuge puedan declarar como dependiente. Where can i do my state taxes online for free Si le hace pagos a su hijo, dicho hijo no puede ser su dependiente y éste tiene que tener 19 años de edad o más al final del año. Where can i do my state taxes online for free Los pagos no se le pueden hacer: A su cónyuge ni Al padre o madre de la persona calificada, si éste es su hijo y tiene menos de 13 años de edad. Where can i do my state taxes online for free Vea más adelante Pagos a Parientes o Dependientes bajo Requisito de Gastos Relacionados con el Trabajo . Where can i do my state taxes online for free Su estado civil para la declaración puede ser soltero, cabeza de familia, o viudo que reúne los requisitos con hijo dependiente. Where can i do my state taxes online for free Si está casado, debe presentar una declaración conjunta, a menos que le corresponda alguna excepción. Where can i do my state taxes online for free Vea Requisito de la Declaración Conjunta , más adelante. Where can i do my state taxes online for free Tiene que identificar en la declaración a la persona o institución que le proporciona los cuidados. Where can i do my state taxes online for free Vea más adelante, Requisito de Identificación del Proveedor de Cuidados . Where can i do my state taxes online for free Si excluye o deduce beneficios de un plan de beneficios para el cuidado de dependientes provisto para ese propósito, la cantidad total que excluya o deduzca tiene que ser menos de la cantidad límite de dólares por gastos calificados (por lo general, $3,000 si se trata de una persona calificada que recibió el cuidado, o $6,000 si el cuidado fue para dos o más personas calificadas). Where can i do my state taxes online for free Si el cuidado fue para dos o más personas calificadas, la cantidad que excluya o deduzca siempre será menos del límite de dólares, ya que la cantidad total que puede excluir o deducir está limitada a $5,000. Where can i do my state taxes online for free Vea Reducción del Límite de Dinero bajo Cómo Calcular el Crédito , más adelante. Where can i do my state taxes online for free Estos requisitos se presentan en la Figura 32–A y también se explican en detalle en este capítulo. Where can i do my state taxes online for free Requisitos de la Persona Calificada Los gastos del cuidado de menores y dependientes tienen que haberse incurrido por el cuidado de una o más personas calificadas. Where can i do my state taxes online for free Una persona calificada es: Un hijo calificado que es su dependiente y que tenía menos de 13 años de edad cuando se le prestó el cuidado (pero vea Hijo de padres divorciados o separados o que viven aparte , más adelante) Su cónyuge que no estaba física o mentalmente capaz de cuidar de sí mismo y que vivió con usted por más de la mitad del año o Una persona que no estaba física o mentalmente capaz de cuidar de sí misma, vivió con usted por más de la mitad del año y: Era su dependiente o Hubiera sido su dependiente excepto que: recibió $3,900 o más de ingresos brutos, presentó una declaración conjunta o usted, o su cónyuge si presentaron una declaración conjunta, pudo ser declarado como dependiente en la declaración de impuestos del año 2013 de otra persona. Where can i do my state taxes online for free Definición de dependiente. Where can i do my state taxes online for free   Un dependiente es una persona, que no sea usted ni su cónyuge, por la cual puede declarar una exención. Where can i do my state taxes online for free Para ser su dependiente, una persona tiene que ser su hijo calificado (o su pariente calificado). Where can i do my state taxes online for free Hijo calificado. Where can i do my state taxes online for free   Para ser su hijo calificado, un hijo tiene que vivir con usted durante más de la mitad del año y reunir otros requisitos. Where can i do my state taxes online for free Información adicional. Where can i do my state taxes online for free   Para más información sobre quién es su dependiente o hijo calificado, vea el capítulo 3. Where can i do my state taxes online for free Persona que no estaba física o mentalmente capaz de cuidar de sí misma. Where can i do my state taxes online for free   Las personas que no pueden vestirse, lavarse o alimentarse por sí solas debido a problemas físicos o mentales son consideradas incapacitadas para cuidar de sí mismas. Where can i do my state taxes online for free También se consideran incapacitadas para cuidar de sí mismas las personas que tienen que ser cuidadas en todo momento para impedir que se lastimen a sí mismas o a los demás. Where can i do my state taxes online for free Figura 32–A. Where can i do my state taxes online for free ¿Puede usted reclamar el Crédito? ¿Puede usted reclamar el crédito? Persona que reúne los requisitos por parte del año. Where can i do my state taxes online for free   Se determina si una persona reúne o no los requisitos a diario. Where can i do my state taxes online for free Por ejemplo, si la persona por la cual usted paga los gastos del cuidado de menores y dependientes deja de reunir los requisitos el 16 de septiembre, cuente sólo los gastos hasta el 15 de septiembre, inclusive. Where can i do my state taxes online for free Vea también Límite annual bajo Límite de Dinero , más adelante. Where can i do my state taxes online for free Nacimiento o fallecimiento de una persona que reúna los demás requisitos. Where can i do my state taxes online for free   Al determinar si una persona es persona calificada, se considera que una persona que nació o falleció en 2013 vivió con usted durante más de la mitad del año 2013 si su vivienda (la de usted) fue la vivienda de dicha persona más de la mitad del tiempo que estuvo viva en 2013. Where can i do my state taxes online for free Número de identificación del contribuyente. Where can i do my state taxes online for free   Tiene que incluir en su declaración el nombre y el número de identificación del contribuyente (generalmente es el número del Seguro Social) de la(s) persona(s) calificada(s). Where can i do my state taxes online for free Si no indica la información correcta en la declaración, el crédito podría ser reducido o denegado. Where can i do my state taxes online for free Número de identificación de contribuyente individual para extranjeros. Where can i do my state taxes online for free   Si la persona calificada es extranjero residente, o extranjero no residente que no tiene y no puede obtener un número del Seguro Social (SSN, por sus siglas en inglés), use el número de identificación de contribuyente (ITIN, por sus siglas en inglés) de esa persona. Where can i do my state taxes online for free El ITIN se anota en todo espacio donde se requiera que se escriba un SSN en una declaración de impuestos. Where can i do my state taxes online for free Para solicitar un ITIN, consulte el Formulario W-7(SP) (o el Formulario W-7, en inglés). Where can i do my state taxes online for free   El ITIN se utiliza solamente para propósitos tributarios. Where can i do my state taxes online for free El mismo no le da al portador el derecho de recibir beneficios del Seguro Social ni cambia el estado del portador en cuanto a empleo o estado migratorio, de acuerdo con las leyes de los Estados Unidos. Where can i do my state taxes online for free Número de identificación del contribuyente en proceso de adopción. Where can i do my state taxes online for free   Si la persona calificada es un hijo que ha sido puesto a cargo de usted para adopción y para el cual usted no tiene un SSN, tiene que obtener un número de identificación del contribuyente en proceso de adopción (ATIN, por sus siglas en inglés) para el hijo. Where can i do my state taxes online for free Presente el Formulario W-7A, Application for Taxpayer Identification Number for Pending U. Where can i do my state taxes online for free S. Where can i do my state taxes online for free Adoptions (Solicitud de número de identificación del contribuyente para adopciones pendientes en los Estados Unidos), en inglés. Where can i do my state taxes online for free Hijo de padres divorciados o separados o que viven aparte. Where can i do my state taxes online for free   Aunque no pueda declarar a su hijo como dependiente, su hijo es tratado como su persona calificada si: El hijo tenía menos de 13 años de edad o estaba física o mentalmente incapacitado para cuidar de sí mismo, El hijo recibió más de la mitad de la manutención durante el año natural de parte de uno o ambos padres que son divorciados, o legalmente separados bajo un fallo de divorcio o de manutención por separación judicial, están separados conforme a un acuerdo de separación judicial escrito, o vivieron aparte en todo momento durante los últimos 6 meses del año natural, El hijo estuvo bajo la custodia de uno o ambos padres durante más de la mitad del año y Usted era el padre o madre que tuvo custodia. Where can i do my state taxes online for free   Se considera que el padre con quien el hijo vivió la mayor cantidad de noches en 2013 es el padre con custodia. Where can i do my state taxes online for free Si el hijo estaba con cada padre una cantidad igual de noches, el padre con custodia es aquél que tiene el ingreso bruto ajustado mayor. Where can i do my state taxes online for free Para más detalles e información sobre la excepción para padres que trabajan de noche, vea la Publicación 501, en inglés. Where can i do my state taxes online for free   El padre que no tiene custodia del hijo no puede tratarle a éste como su persona calificada, a pesar de que tenga derecho para reclamarle al hijo como dependiente conforme a las reglas especiales para hijos de padres divorciados o separados. Where can i do my state taxes online for free Requisito del Ingreso del Trabajo Para reclamar el crédito, usted (y su cónyuge, si presenta una declaración conjunta) tiene que haber recibido ingreso del trabajo durante el año. Where can i do my state taxes online for free Ingreso del trabajo. Where can i do my state taxes online for free   El ingreso del trabajo incluye sueldos, salarios, propinas, cualquier otra retribución tributable recibida como empleado, y los ingresos netos del trabajo por cuenta propia. Where can i do my state taxes online for free Las pérdidas netas del empleo por cuenta propia reducen el ingreso del trabajo. Where can i do my state taxes online for free El ingreso del trabajo también incluye indemnizaciones por huelga y toda compensación por incapacidad que haya declarado como salario. Where can i do my state taxes online for free   Generalmente, sólo se incluye esa compensación que es tributable. Where can i do my state taxes online for free Sin embargo, uno puede elegir incluir paga por combate no sujeta a impuestos en el ingreso del trabajo. Where can i do my state taxes online for free Si presenta una declaración conjunta y tanto usted como su cónyuge recibieron paga no tributable por combate, cada uno de ustedes puede hacer su propia elección. Where can i do my state taxes online for free (O sea, si uno de ustedes hace la elección, el otro también la puede hacer pero no es requerido). Where can i do my state taxes online for free Debería calcular el crédito de ambas maneras y hacer la elección si le da el mayor beneficio tributario. Where can i do my state taxes online for free Miembros de ciertas religiones opuestas al Seguro Social. Where can i do my state taxes online for free   Esas personas que son miembros de ciertas religiones que se oponen a participar en programas de la Ley del Seguro Social y que tienen un formulario aprobado por el IRS que excluya ciertos ingresos de los impuestos del Seguro Social y Medicare pueden tratar ciertos ingresos como si no fueran ingresos del trabajo, para este propósito. Where can i do my state taxes online for free Vea Earned Income Test (Requisito del ingreso del trabajo), en la Publicación 503, en inglés. Where can i do my state taxes online for free Ingreso no derivado del trabajo. Where can i do my state taxes online for free   El ingreso del trabajo no incluye: Pensiones y anualidades, Beneficios del Seguro Social ni beneficios de jubilación para empleados ferroviarios, Compensación del seguro obrero, Intereses ni dividendos, Compensación por desempleo, Becas de estudios ni becas de desarrollo profesional, salvo las que se declaren en el Formulario W-2 pagadas a usted por haber trabajado en la enseñanza o por algún otro servicio, Pagos por trabajo requerido por el bienestar social no sujetos a impuesto, Pagos de manutención para hijos menores que usted haya recibido, Ingreso de extranjeros no residentes no relacionado con una ocupación o negocio estadounidense, o Toda cantidad recibida por trabajo hecho mientras estaba recluido en una institución penal. Where can i do my state taxes online for free Regla para cónyuge estudiante o cónyuge que no es capaz de cuidar de sí mismo. Where can i do my state taxes online for free   Se considera que su cónyuge tiene ingreso del trabajo en cualquier mes en que el mismo: Sea estudiante a tiempo completo o No esté física o mentalmente capaz de cuidar de sí mismo. Where can i do my state taxes online for free Su cónyuge también tiene que vivir con usted durante más de la mitad del año. Where can i do my state taxes online for free   Si usted va a presentar una declaración conjunta, esta regla también es aplicable. Where can i do my state taxes online for free Usted puede ser tratado como si hubiera obtenido ingreso del trabajo por cualquier mes en el que es un estudiante a tiempo completo o no es capaz de cuidar de sí mismo. Where can i do my state taxes online for free   Calcule el ingreso del trabajo del cónyuge que no trabaja, descrito en los apartados (1) o (2) anteriores, tal como se indica más adelante en la sección titulada Límite del Ingreso del Trabajo . Where can i do my state taxes online for free   Esta regla es aplicable a un solo cónyuge durante cualquier mes del año. Where can i do my state taxes online for free Si, en el mismo mes, ni usted ni su cónyuge trabajan, pero son estudiantes a tiempo completo o no están física o mentalmente capaces de cuidar de sí mismos, se considera que solamente uno de ustedes ha recibido ingreso del trabajo en ese mes. Where can i do my state taxes online for free Estudiante a tiempo completo. Where can i do my state taxes online for free   Se considera que usted es estudiante a tiempo completo si se ha matriculado en una escuela por el número de horas o cursos que la misma considere asistencia a tiempo completo. Where can i do my state taxes online for free Tiene que haber sido estudiante a tiempo completo durante alguna parte de cada uno de un mínimo de 5 meses del año natural durante el año. Where can i do my state taxes online for free Dichos meses no tienen que ser consecutivos. Where can i do my state taxes online for free Escuela. Where can i do my state taxes online for free   El término “escuela” comprende escuelas secundarias, escuelas universitarias (colleges), universidades y escuelas técnicas, profesionales e industriales. Where can i do my state taxes online for free No se considera que un curso de capacitación en el empleo, escuela por correspondencia, ni escuelas por Internet sean escuelas, para este propósito. Where can i do my state taxes online for free Requisito de Gastos Relacionados con el Trabajo Los gastos de cuidado de menores y dependientes tienen que estar relacionados con el trabajo para que usted tenga derecho al crédito. Where can i do my state taxes online for free Los gastos se consideran relacionados con el trabajo solamente si se cumplen las dos condiciones siguientes: Le permiten a usted (y a su cónyuge si presentan una declaración conjunta) trabajar o buscar trabajo. Where can i do my state taxes online for free Son para el cuidado de una persona calificada. Where can i do my state taxes online for free Si Trabaja o Busca Trabajo Para ser relacionados con el trabajo, sus gastos tendrán que permitirle trabajar o buscar trabajo. Where can i do my state taxes online for free Si está casado, generalmente tanto usted como su cónyuge tienen que trabajar o estar buscando trabajo. Where can i do my state taxes online for free A un cónyuge se le considera empleado durante cualquier mes en que sea estudiante a tiempo completo o esté física o mentalmente incapaz de cuidar de sí mismo. Where can i do my state taxes online for free Puede trabajar para otra persona o por cuenta propia como dueño único o en sociedad colectiva. Where can i do my state taxes online for free Su empleo puede ser a tiempo completo o a tiempo parcial. Where can i do my state taxes online for free También se le considera empleado si está buscando trabajo activamente. Where can i do my state taxes online for free Sin embargo, si no encuentra empleo y no tiene ingreso del trabajo ese año, no puede reclamar este crédito. Where can i do my state taxes online for free Vea Requisito del Ingreso del Trabajo , anteriormente. Where can i do my state taxes online for free Un gasto no se considera relacionado con el trabajo simplemente porque incurrió en el mismo mientras estaba trabajando. Where can i do my state taxes online for free Su razón por incurrir en el gasto tiene que ser para permitirle a usted trabajar. Where can i do my state taxes online for free Son los hechos los que determinan si sus gastos son para permitirle trabajar o buscar trabajo. Where can i do my state taxes online for free Ejemplo 1. Where can i do my state taxes online for free El costo de una niñera mientras usted y su cónyuge salen a comer no suele ser un gasto relacionado con el trabajo. Where can i do my state taxes online for free Ejemplo 2. Where can i do my state taxes online for free Usted trabaja durante el día. Where can i do my state taxes online for free Su cónyuge trabaja por la noche y duerme por el día. Where can i do my state taxes online for free Usted paga por el cuidado de su hijo de 5 años de edad durante las horas en las que usted trabaja y su cónyuge duerme. Where can i do my state taxes online for free Estos gastos se consideran gastos de trabajo. Where can i do my state taxes online for free Trabajo voluntario. Where can i do my state taxes online for free    Para este propósito, a usted no se le considera empleado si hace trabajo voluntario no pagado o por un salario nominal. Where can i do my state taxes online for free Trabajo parte del año. Where can i do my state taxes online for free   Si trabaja o busca trabajo activamente durante solamente parte del período cubierto por los gastos, entonces tiene que calcular los gastos de cada día. Where can i do my state taxes online for free Por ejemplo, si trabaja todo el año y sus gastos de cuidado son de $250 al mes ($3,000 para el año), todos los gastos están relacionados con el trabajo. Where can i do my state taxes online for free Sin embargo, si trabaja o busca trabajo por sólo 2 meses y 15 días durante el año y paga gastos de $250 al mes, sus gastos relacionados con el trabajo se limitan a $625 (2 meses y medio x $250). Where can i do my state taxes online for free Ausencia temporal del trabajo. Where can i do my state taxes online for free   En caso de una ausencia temporal y breve del trabajo, como vacaciones o una enfermedad leve, no tiene que calcular los gastos por cada día, si le resulta de todos modos necesario pagar por cuidados durante ese período. Where can i do my state taxes online for free En vez de eso, puede calcular el crédito incluyendo los gastos que pagó durante el período de ausencia. Where can i do my state taxes online for free   Una ausencia de 2 semanas o menos se considera una ausencia temporal y breve. Where can i do my state taxes online for free Una ausencia de más de 2 semanas podría considerarse una ausencia temporal y breve, según las circunstancias. Where can i do my state taxes online for free Ejemplo. Where can i do my state taxes online for free Para poder trabajar, usted paga a una niñera para que cuide de su hijo de 2 años e hija de 4 años de edad. Where can i do my state taxes online for free Usted se enferma y falta al trabajo 4 meses, pero recibe compensación por enfermedad. Where can i do my state taxes online for free Sigue pagando a la niñera por cuidar de sus hijos mientras está enferma. Where can i do my state taxes online for free La ausencia no se considera temporal y breve y los gastos no se consideran gastos relacionados con el trabajo. Where can i do my state taxes online for free Trabajo a tiempo parcial. Where can i do my state taxes online for free   Si trabaja a tiempo parcial, normalmente tiene que calcular los gastos por cada día. Where can i do my state taxes online for free No obstante, si tiene que pagar por cuidados semanal o mensualmente, o de algún otro modo que incluya días trabajados y no trabajados, puede calcular el crédito incluyendo los gastos que pagó por los días no trabajados. Where can i do my state taxes online for free Todo día en el que trabaje por lo menos 1 hora se considera día de trabajo. Where can i do my state taxes online for free Ejemplo 1. Where can i do my state taxes online for free Trabaja 3 días a la semana. Where can i do my state taxes online for free Mientras trabaja, le cuidan a su hijo de 6 años de edad en un centro de cuidados para dependientes, que cumple todos los reglamentos estatales y locales. Where can i do my state taxes online for free El centro cobra a tasas de $150 por cualesquiera 3 días de la semana o $250 por 5 días a la semana. Where can i do my state taxes online for free A su hijo le cuidan en el centro 5 días a la semana. Where can i do my state taxes online for free Los gastos relacionados con el trabajo se limitan a $150 a la semana. Where can i do my state taxes online for free Ejemplo 2. Where can i do my state taxes online for free Los hechos son los mismos del Ejemplo 1 salvo que el centro no brinda la opción de pagar por solo 3 días. Where can i do my state taxes online for free El cargo semanal completo de $250 podría ser un gasto relacionado con el trabajo. Where can i do my state taxes online for free Cuidado de una Persona Calificada Para tener gastos que se consideran relacionados con el trabajo, tiene que haber incurrido en los mismos para proveer cuidados a una persona calificada. Where can i do my state taxes online for free No se le requiere escoger la manera más barata de proveer dichos cuidados. Where can i do my state taxes online for free El costo de un proveedor de cuidados remunerado podría ser un gasto por cuidar de una persona calificada aun si se pudiera haber conseguido otro proveedor de cuidados sin costo alguno. Where can i do my state taxes online for free Se considera que los gastos son para el cuidado de una persona calificada sólo si el motivo prinicipal de dichos gastos es el bienestar y la protección de esa persona. Where can i do my state taxes online for free Los gastos para servicios domésticos reúnen los requisitos si una parte de dichos servicios es el cuidado de personas calificadas. Where can i do my state taxes online for free Vea Servicios domésticos , más adelante. Where can i do my state taxes online for free Gastos que no son por cuidados. Where can i do my state taxes online for free   Los gastos para el cuidado no incluyen cantidades que pague por concepto de comida, alojamiento, ropa, educación y entretenimiento. Where can i do my state taxes online for free Sin embargo, puede incluir cantidades pequeñas pagadas por estos artículos si las mismas están relacionadas con el costo del cuidado de la persona calificada, y no se pueden separar de dicho costo. Where can i do my state taxes online for free   Pagos de pensión para hijos menores no son de cuidado y no reúne los requisitos del crédito. Where can i do my state taxes online for free Educación. Where can i do my state taxes online for free   Los gastos incurridos por un niño que está en una guardería infantil, un parvulario o programas similares para niños que estén por debajo del nivel de kindergarten, se consideran gastos de cuidado. Where can i do my state taxes online for free Los gastos para la asistencia al kindergarten o para grados superiores no se consideran gastos de cuidado. Where can i do my state taxes online for free No use estos gastos para calcular el crédito. Where can i do my state taxes online for free   Sin embargo, los gastos de cuidado del niño antes o después de la escuela si asiste al kindergarten o a un grado superior podrían considerarse gastos por cuidado de dependientes. Where can i do my state taxes online for free   Las clases de verano y programas de clases particulares no se consideran cuidado de dependientes. Where can i do my state taxes online for free Ejemplo 1. Where can i do my state taxes online for free Usted lleva a su hijo de 3 años de edad a una guardería infantil que provee almuerzo y actividades educativas como parte de su servicio de cuidado para niños de edad preescolar. Where can i do my state taxes online for free El almuerzo y las actividades educativas están relacionados con el cuidado de su hijo y el costo de los mismos no se puede separar del costo del cuidado. Where can i do my state taxes online for free Puede incluir el costo total cuando calcule el crédito. Where can i do my state taxes online for free Ejemplo 2. Where can i do my state taxes online for free Usted inscribe a su hijo de 10 años de edad en una escuela de internado para poder trabajar a tiempo completo. Where can i do my state taxes online for free Sólo la parte del gasto de la escuela de internado que corresponde al cuidado de su hijo se considera un gasto relacionado con el trabajo. Where can i do my state taxes online for free Puede incluir esa parte del gasto al calcular su crédito, si la misma se puede separar del costo de educación. Where can i do my state taxes online for free No puede incluir parte alguna de la cantidad que usted pague a la escuela por la educación de su hijo. Where can i do my state taxes online for free Cuidado fuera de su domicilio. Where can i do my state taxes online for free   Puede incluir el costo del cuidado provisto fuera de su domicilio si dicho cuidado es para un dependiente que tenga menos de 13 años de edad o alguna otra persona calificada que habitualmente pasa por lo menos 8 horas al día en la casa de usted. Where can i do my state taxes online for free Centro de cuidado para dependientes. Where can i do my state taxes online for free   Puede incluir el costo de cuidados provistos fuera de su domicilio por un centro de cuidados para dependientes sólo si el centro cumple con todas las reglas o normas locales y estatales correspondientes a estos centros. Where can i do my state taxes online for free   Un centro de cuidados para dependientes es un lugar que provee cuidados a más de 6 personas (que no sean personas que vivan allí) y recibe una compensación, pago o subvención por proveer servicios para cualquiera de esas personas, aun cuando el centro no tenga fines de lucro. Where can i do my state taxes online for free Campamento. Where can i do my state taxes online for free   El costo de mandar a su hijo a un campamento en el que pase la noche no se considera un gasto relacionado con el trabajo. Where can i do my state taxes online for free El costo de mandar a su hijo a un campamento de día podría ser un gasto relacionado con el trabajo, aunque el campamento se especialice en una actividad específica, como computadoras o fútbol. Where can i do my state taxes online for free Transporte. Where can i do my state taxes online for free   Si un proveedor de cuidados lleva a una persona calificada desde o hasta el lugar de cuidado, se considera que dicho transporte es gasto de cuidado de la persona calificada. Where can i do my state taxes online for free Esto incluye transporte en autobús, metro, taxi o auto privado. Where can i do my state taxes online for free Sin embargo, el transporte que no sea proporcionado por un proveedor de cuidados no se considera gasto de cuidado de la persona calificada. Where can i do my state taxes online for free Además, si usted paga el costo del transporte de la persona que provee el cuidado para que venga a su casa, dicho gasto no se considera gasto de cuidado de la persona calificada. Where can i do my state taxes online for free Cargos y depósitos. Where can i do my state taxes online for free   Los cargos pagados a una agencia para obtener servicios de un proveedor de cuidados, los depósitos pagados a una agencia o parvulario, los cargos de solicitud y otros gastos indirectos se consideran gastos relacionados con el trabajo si uno tiene que pagarlos para recibir los cuidados, aun si no se pagan directamente por dichos cuidados. Where can i do my state taxes online for free Sin embargo, un depósito al que haya perdido el derecho no se considera gasto de cuidado de una persona calificada si de hecho no se provee dicho cuidado. Where can i do my state taxes online for free Ejemplo 1. Where can i do my state taxes online for free Pagó un cargo a una agencia para recibir los servicios de la niñera que cuida a su hija de 2 años de edad mientras usted trabaja. Where can i do my state taxes online for free El cargo que usted pagó se considera un gasto relacionado con el trabajo. Where can i do my state taxes online for free Ejemplo 2. Where can i do my state taxes online for free Pagó un depósito a un parvulario para reservar una plaza para su hijo de 3 años de edad. Where can i do my state taxes online for free Después, envió su hijo a otro parvulario y por lo tanto perdió el derecho al depósito. Where can i do my state taxes online for free El depósito al que ya no tiene derecho no es gasto por cuidados que de hecho se proveyeron y por lo tanto no se considera un gasto relacionado con el trabajo. Where can i do my state taxes online for free Servicios domésticos. Where can i do my state taxes online for free   Los gastos que usted paga por servicios domésticos reúnen los requisitos como gastos relacionados con el trabajo si los mismos son, por lo menos en parte, para el bienestar y la protección de la persona calificada. Where can i do my state taxes online for free   Se considera que esos servicios domésticos son servicios comunes y habituales, provistos en su casa y alrededor de la misma, que sean necesarios para mantener la casa. Where can i do my state taxes online for free Los mismos incluyen servicios de un ama de casa, criada, o cocinero. Where can i do my state taxes online for free Sin embargo, los servicios domésticos no incluyen un chófer, camarero o jardinero. Where can i do my state taxes online for free Vea Household Services (Servicios Domésticos), en la Publicación 503, en inglés, para más información. Where can i do my state taxes online for free   En este capítulo, el término ama de casa se refiere a cualquier empleado doméstico cuyos servicios incluyan el cuidado de una persona calificada. Where can i do my state taxes online for free Impuestos pagados sobre el salario. Where can i do my state taxes online for free   Los impuestos pagados sobre el salario por servicios del cuidado de menores y dependientes calificados son gastos relacionados con el trabajo. Where can i do my state taxes online for free Vea Impuestos sobre la nómina para Empleadores de Empleados Domésticos , más adelante. Where can i do my state taxes online for free Pagos a Parientes o Dependientes Usted puede incluir pagos relacionados con el trabajo que usted hizo a sus parientes que no son sus dependientes, aun si los mismos viven en su vivienda. Where can i do my state taxes online for free Sin embargo, no incluya ninguna cantidad que pague a: Un dependiente por quien usted (o su cónyuge, si presentan una declaración conjunta) pueda declarar una exención, Un hijo suyo que tuviera menos de 19 años de edad al final del año, aun si no es dependiente suyo, Una persona que fuera su cónyuge en cualquier momento del año ni Al padre o a la madre de la persona calificada si es hijo de usted y tiene menos de 13 años de edad. Where can i do my state taxes online for free Requisito de la Declaración Conjunta Por regla general, las parejas casadas tienen que presentar una declaración conjunta para poder reclamar el crédito. Where can i do my state taxes online for free Sin embargo, si usted está legalmente separado de su cónyuge o no vive con su cónyuge, quizás pueda presentar una declaración por separado y aún reclamar el crédito. Where can i do my state taxes online for free Si está legalmente separado. Where can i do my state taxes online for free   Si está legalmente separado de su cónyuge conforme a un fallo de divorcio o de manutención por separación judicial, no se le considera casado. Where can i do my state taxes online for free Podría tener derecho a reclamar el crédito en su declaración utilizando el estado civil de cabeza de familia. Where can i do my state taxes online for free Casados que viven aparte. Where can i do my state taxes online for free   No se le considera casado y tendrá derecho al crédito si reúne todas las condiciones siguientes: Presenta una declaración separada de su cónyuge. Where can i do my state taxes online for free Su vivienda es la vivienda de una persona calificada durante más de la mitad del año. Where can i do my state taxes online for free Usted paga más de la mitad del costo de mantener su hogar durante el año. Where can i do my state taxes online for free Su cónyuge no vive en el hogar de usted durante los últimos 6 meses del año. Where can i do my state taxes online for free Gastos de mantenimiento de la vivienda. Where can i do my state taxes online for free   Los gastos de mantenimiento de la vivienda suelen incluir impuestos sobre la propiedad, intereses hipotecarios, alquiler, cargos por servicios públicos, reparaciones en la vivienda, seguros para la vivienda, y alimentos consumidos en la vivienda. Where can i do my state taxes online for free   Los gastos de mantenimiento de la vivienda no incluyen pagos por ropa, educación, tratamiento médico, vacaciones, seguro de vida, transporte ni capital hipotecario. Where can i do my state taxes online for free   Tampoco incluyen la compra, mejoras permanentes ni reemplazo de propiedad. Where can i do my state taxes online for free Por ejemplo, usted no puede incluir los gastos de reemplazar un calentador de agua. Where can i do my state taxes online for free Sin embargo, sí puede incluir los gastos de reparar un calentador de agua. Where can i do my state taxes online for free Fallecimiento del cónyuge. Where can i do my state taxes online for free   Si su cónyuge fallece durante el año y usted no se vuelve a casar antes del final del año, por lo general, debe presentar una declaración conjunta para poder reclamar el crédito. Where can i do my state taxes online for free Si se vuelve a casar antes del final del año, puede reclamar el crédito en la declaración de su cónyuge fallecido. Where can i do my state taxes online for free Requisito de Identificación del Proveedor de Cuidados Tiene que identificar a todas las personas u organizaciones que provean cuidados para su hijo o dependiente. Where can i do my state taxes online for free Use la Parte I del Formulario 2441 para mostrar la información. Where can i do my state taxes online for free Si no tiene proveedores de cuidados y presenta el Formulario 2441 sólo para declarar ingresos tributables en la Parte III, anote “none” (ninguno) en la columna (a) de la línea 1. Where can i do my state taxes online for free Información que se necesita. Where can i do my state taxes online for free   Para identificar al proveedor del cuidado, tiene que dar la siguiente información sobre el proveedor: Nombre, Dirección y Número de identificación del contribuyente. Where can i do my state taxes online for free   Si el proveedor del cuidado es una persona física, el número de identificación del contribuyente es su número de Seguro Social o su número de identificación del contribuyente individual. Where can i do my state taxes online for free Si el proveedor del cuidado es una organización, entonces es su número de identificación del empleador (EIN, por sus siglas en inglés). Where can i do my state taxes online for free   No tiene que mostrar el número de identificación del contribuyente si el proveedor del cuidado es una organización exenta de impuestos (tal como una iglesia o escuela). Where can i do my state taxes online for free En este caso, escriba “Tax-Exempt” (Exento de impuestos) en el espacio donde el Formulario 2441 pide el número. Where can i do my state taxes online for free   Si no puede proveer toda la información o si dicha información es incorrecta, tiene que demostrar que usted actuó con debida diligencia (de la cual se habla más adelante) al tratar de facilitar la información necesaria. Where can i do my state taxes online for free Cómo obtener la información. Where can i do my state taxes online for free   Puede usar el Formulario W-10 para solicitar la información requerida del proveedor de cuidados. Where can i do my state taxes online for free Si no usa el Formulario W-10, puede obtener la información de una de las fuentes de información indicadas en las instrucciones del Formulario W-10, incluyendo: Una copia de la tarjeta del Seguro Social del proveedor, Una copia completada del Formulario W-4(SP) (o el Formulario W-4, en inglés) del proveedor de cuidados si éste es su empleado doméstico, Una copia del informe proporcionado por su empleador, si el proveedor es el plan de cuidado de dependientes de su empleador o Una carta o factura del proveedor si la información se muestra en ella. Where can i do my state taxes online for free    Debería mantener esta información como documentación de su historial tributario. Where can i do my state taxes online for free No envíe el Formulario W-10 (ni otros documentos que contengan esta información) al Servicio de Impuestos Internos (Internal Revenue Service). Where can i do my state taxes online for free Debida diligencia. Where can i do my state taxes online for free   Si la información acerca del proveedor de cuidados que usted proporcione es incorrecta o incompleta, es posible que no se le permita reclamar el crédito. Where can i do my state taxes online for free Sin embargo, si usted puede demostrar haber actuado con debida diligencia al tratar de dar la información, todavía podrá reclamar el crédito. Where can i do my state taxes online for free   Puede demostrar debida diligencia obteniendo y manteniendo un Formulario W-10 completado del proveedor o una de las fuentes de información enumeradas anteriormente. Where can i do my state taxes online for free Los proveedores de cuidados pueden ser sancionados si no le proporcionan esta información a usted, o si proporcionan información incorrecta. Where can i do my state taxes online for free Negativa del proveedor a dar información. Where can i do my state taxes online for free   Si el proveedor se niega a darle la información de identificación, usted debería declarar la información que tenga disponible (tal como el nombre y dirección) en el Formulario 2441. Where can i do my state taxes online for free Escriba “See Attached Statement” (Vea aclaración adjunta) en las columnas que piden la información que no tenga. Where can i do my state taxes online for free Luego adjunte una aclaración que explique que le solicitó la información al proveedor de cuidados, pero que el mismo no le dio la información. Where can i do my state taxes online for free Asegúrese de anotar su nombre y número de Seguro Social en la aclaración. Where can i do my state taxes online for free Dicha aclaración mostrará que usted actuó con debida diligencia al tratar de dar la información necesaria. Where can i do my state taxes online for free Ciudadanos y extranjeros residentes de los Estados Unidos que viven en el extranjero. Where can i do my state taxes online for free   Si vive en el extranjero, es posible que su proveedor de cuidados no tenga, y que no esté obligado a conseguir, un número de identificación del contribuyente de los EE. Where can i do my state taxes online for free UU. Where can i do my state taxes online for free (por ejemplo, un número de Seguro Social o número de identificación del empleador). Where can i do my state taxes online for free De ser así, escriba “LAFCP” (siglas en inglés que significan Living Abroad Foreign Care Provider (Proveedor de cuidados extranjero que vive en el extranjero)) en el espacio correspondiente al número de identificación del contribuyente perteneciente al proveedor de cuidados. Where can i do my state taxes online for free Cómo Calcular el Crédito Su crédito es un porcentaje de sus gastos relacionados con el trabajo. Where can i do my state taxes online for free Sus gastos están sujetos al límite del ingreso del trabajo y al límite de dinero. Where can i do my state taxes online for free El porcentaje se basa en su ingreso bruto ajustado. Where can i do my state taxes online for free Cómo Calcular el Total de los Gastos Relacionados con el Trabajo Para calcular su crédito por gastos relacionados con el trabajo del año 2013, sume sólo aquellos gastos pagados hasta el 31 de diciembre del año 2013. Where can i do my state taxes online for free Gastos pagados por adelantado en un año anterior. Where can i do my state taxes online for free   Si paga por algún servicio antes de que se provea de hecho, podrá usar los gastos pagados por adelantado solamente en el año en que el cuidado fue recibido. Where can i do my state taxes online for free Declare los gastos en el año posterior como si de hecho fueran pagados en ese año posterior. Where can i do my state taxes online for free Gastos no pagados hasta el año siguiente. Where can i do my state taxes online for free   No cuente los gastos ocasionados en el año 2012 que usted pagó en el año 2013 como gastos relacionados con el trabajo en el año 2013. Where can i do my state taxes online for free Quizás pueda reclamar un crédito adicional por dichos gastos en su declaración de impuestos del año 2013, pero tiene que calcularlo por separado. Where can i do my state taxes online for free Vea Payments for prior year's expenses (Pagos por gastos del año anterior), bajo Amount of Credit (Cantidad del crédito) en la Publicación 503, en inglés. Where can i do my state taxes online for free    Si incurrió en gastos en el año 2013 que no pagó hasta el año 2014, no los puede incluir cuando calcule el crédito del año 2013. Where can i do my state taxes online for free Quizás pueda reclamar un crédito por esa cantidad en la declaración de impuestos del año 2014. Where can i do my state taxes online for free Gastos reembolsados. Where can i do my state taxes online for free   Si una agencia estatal de servicios sociales le paga una cantidad no tributable para reembolsarle algunos de sus gastos por el cuidado de su hijo o dependiente, no puede considerar esos gastos como gastos relacionados con el trabajo. Where can i do my state taxes online for free Ejemplo. Where can i do my state taxes online for free Usted pagó $3,000 en gastos relacionados con el trabajo. Where can i do my state taxes online for free Una agencia estatal de servicios sociales le reembolsa $2,000. Where can i do my state taxes online for free Puede usar sólamente $1,000 para calcular el crédito. Where can i do my state taxes online for free Gastos médicos. Where can i do my state taxes online for free   Algunos gastos por el cuidado de personas calificadas que no puedan cuidarse de sí mismas podrían reunir los requisitos para considerarse como gastos relacionados con el trabajo y también como gastos médicos. Where can i do my state taxes online for free Puede usarlos de la manera que prefiera, pero no puede usar los mismos gastos para reclamar un crédito y también para declarar una deducción por gastos médicos. Where can i do my state taxes online for free   Si usa estos gastos para calcular el crédito y son mayores que el límite del ingreso del trabajo o el límite de dinero, los cuales se explican más adelante, puede añadir a los gastos médicos la parte que excede del límite. Where can i do my state taxes online for free Sin embargo, si usa el total de sus gastos para calcular la deducción de sus gastos médicos, no puede usar ninguna parte de los mismos para calcular el crédito. Where can i do my state taxes online for free    Las cantidades que han sido excluidas de sus ingresos conforme al plan de cuidados de dependientes de su empleador no se pueden usar para declarar una deducción por gastos médicos. Where can i do my state taxes online for free Beneficios para el Cuidado de Dependientes Si recibe beneficios para el cuidado de dependientes, el límite de dinero para propósitos del crédito podría ser disminuido. Where can i do my state taxes online for free Vea más adelante Reducción del Límite de Dinero . Where can i do my state taxes online for free No obstante, aun si no puede reclamar el crédito, quizás pueda declarar una exclusión o deducción por los beneficios para el cuidado de dependientes. Where can i do my state taxes online for free Beneficios para el cuidado de dependientes. Where can i do my state taxes online for free   Los beneficios para el cuidado de dependientes incluyen: Cantidades que su empleador le pague directamente a usted o directamente al proveedor de cuidados por el cuidado de su persona calificada mientras usted trabaje, El valor justo de mercado del cuidado en una guardería provista o financiada por su empleador y Aportaciones hechas por usted antes de la tasación de impuestos a una cuenta de gastos flexible para el cuidado de dependientes. Where can i do my state taxes online for free Puede ser que su sueldo haya sido reducido para pagar esos beneficios. Where can i do my state taxes online for free Si recibió beneficios como empleado, éstos deberían estar anotados en el recuadro 10 de su Formulario W-2. Where can i do my state taxes online for free Vea Informe del empleado , más adelante. Where can i do my state taxes online for free Los beneficios que usted recibió como socio deberían estar anotados en el recuadro 13 de su Anexo K-1 (Formulario 1065) con el código O. Where can i do my state taxes online for free Anote la cantidad de dichos beneficios en la línea 12 de la Parte III del Formulario 2441. Where can i do my state taxes online for free Exclusión o deducción. Where can i do my state taxes online for free   Si su empleador provee beneficios para el cuidado de dependientes, conforme a un plan calificado, tal vez pueda excluir estos beneficios de sus ingresos. Where can i do my state taxes online for free Su empleador le puede decir si su plan de beneficios reúne los requisitos. Where can i do my state taxes online for free Para declarar la exclusión, tiene que llenar la Parte III del Formulario 2441. Where can i do my state taxes online for free No puede usar el Formulario 1040EZ. Where can i do my state taxes online for free   Si trabaja por cuenta propia y recibe beneficios de un plan calificado de beneficios para el cuidado de dependientes, se le considera empleador y empleado a la vez. Where can i do my state taxes online for free Por lo tanto, no se le permite una exclusión del salario, sino una deducción en la línea 14 del Anexo C (Formulario 1040), en la línea 19 ó 28 del Anexo E (Formulario 1040), o en la línea 15 del Anexo F (Formulario 1040). Where can i do my state taxes online for free Para declarar la deducción, tiene que usar el Formulario 2441. Where can i do my state taxes online for free   La cantidad que se puede excluir o deducir se limita a la que sea menor entre las siguientes: La cantidad total de beneficios para el cuidado de dependientes que usted recibió durante el año, La cantidad total de gastos calificados en los que usted incurrió durante el año, Su ingreso del trabajo, El ingreso del trabajo de su cónyuge o $5,000 ($2,500 si son casados que presentan la declaración por separado). Where can i do my state taxes online for free La definición del ingreso del trabajo para fines de la exclusión o deducción es igual a la definición que se usa para calcular el crédito, salvo que el ingreso del trabajo para fines de la exclusión o deducción no incluye los beneficios para el cuidado de dependientes recibidos por usted. Where can i do my state taxes online for free Vea Límite del Ingreso del Trabajo, más adelante. Where can i do my state taxes online for free    Cuando está calculando su exclusión o deducción, usted puede elegir incluir en su ingreso del trabajo lo que ha ganado por concepto de pago por combate no sujeto a impuestos. Where can i do my state taxes online for free Tiene esta opción aun si usted elige no incluir esos pagos en su ingreso del trabajo para propósitos del crédito por ingreso del trabajo o el crédito por gastos del cuidado de menores y dependientes. Where can i do my state taxes online for free Informe del empleado. Where can i do my state taxes online for free   Su empleador tiene que entregarle a usted un Formulario W-2 (o informe parecido) que muestre en el recuadro 10 la cantidad total de los beneficios para el cuidado de dependientes que le fueron provistos a usted durante el año conforme a un plan calificado. Where can i do my state taxes online for free Su empleador también incluirá en sus salarios, anotados en el recuadro 1 de su Formulario W-2, todos los beneficios para el cuidado de dependientes que exceden de los $5,000. Where can i do my state taxes online for free Efecto de la exclusión sobre el crédito. Where can i do my state taxes online for free   Si excluye de sus ingresos los beneficios para el cuidado de dependientes, la cantidad de los beneficios excluidos: No se incluye en sus gastos relacionados con el trabajo y Reduce el límite de dinero, explicado más adelante. Where can i do my state taxes online for free Límite del Ingreso del Trabajo La cantidad de los gastos relacionados con el trabajo que usted puede utilizar para calcular su crédito no puede exceder: Del importe de su ingreso del trabajo del año, si está soltero al final del año ni Del que sea menor entre su ingreso del trabajo y el de su cónyuge durante el año, si están casados al final del año. Where can i do my state taxes online for free El ingreso del trabajo se define bajo Requisito del Ingreso del Trabajo , anteriormente. Where can i do my state taxes online for free En el caso del punto (2) anterior, utilice el total del ingreso del trabajo de su cónyuge durante todo el año, aunque estuviera casado solamente durante una parte del año. Where can i do my state taxes online for free Cónyuge separado. Where can i do my state taxes online for free   Si está legalmente separado o casado y no vive con su cónyuge (tal como se describe anteriormente bajo Requisito de la Declaración Conjunta ), a usted no se le considera casado para propósitos del límite del ingreso del trabajo. Where can i do my state taxes online for free Use solamente su propio ingreso al calcular el límite del ingreso del trabajo. Where can i do my state taxes online for free Cónyuge sobreviviente. Where can i do my state taxes online for free   Si su cónyuge falleció durante el año y usted presenta una declaración conjunta como cónyuge sobreviviente, puede, pero no está obligado a, tomar en cuenta el ingreso del trabajo de su cónyuge fallecido durante el año. Where can i do my state taxes online for free Leyes de los bienes gananciales. Where can i do my state taxes online for free   Debe hacer caso omiso de las leyes de los bienes gananciales al calcular el ingreso del trabajo para este crédito. Where can i do my state taxes online for free Si usted o cónyuge es estudiante o no puede cuidar de sí mismo. Where can i do my state taxes online for free   Si su cónyuge es estudiante a tiempo completo o no puede cuidar de sí mismo, se considera que tiene ingreso del trabajo. Where can i do my state taxes online for free Se considera que su ingreso del trabajo mensual es de por lo menos $250 si hay una persona calificada en la vivienda de usted, o de por lo menos $500 si hay dos o más personas en su vivienda. Where can i do my state taxes online for free Si su cónyuge trabaja. Where can i do my state taxes online for free   Si su cónyuge trabaja durante ese mes, utilice $250 (o $500) o el ingreso del trabajo real de él o ella para ese mes, lo que sea mayor. Where can i do my state taxes online for free Si su cónyuge reúne los requisitos por una parte de un mes. Where can i do my state taxes online for free    Si su cónyuge es estudiante a tiempo completo o no puede cuidar de sí mismo sólo por una parte del mes, la cantidad entera de $250 (o $500) todavía corresponde para ese mes. Where can i do my state taxes online for free Usted es estudiante o no puede cuidar de sí mismo. Where can i do my state taxes online for free   También corresponden estas reglas si usted es estudiante o no puede cuidar de sí mismo y presenta una declaración conjunta. Where can i do my state taxes online for free Por cada mes o parte del mes que sea un estudiante o que no pueda cuidar de sí mismo, se considera que su ingreso del trabajo es por lo menos $250 (o $500). Where can i do my state taxes online for free Si también trabaja durante ese mes, use la cantidad mayor de $250 (o $500) o su cantidad real de ingreso del trabajo para ese mes. Where can i do my state taxes online for free Si ambos cónyuges reúnen los requisitos. Where can i do my state taxes online for free   Si, en el mismo mes, tanto usted como su cónyuge son estudiantes a tiempo completo o no pueden cuidar de sí mismos, se puede considerar que sólo un cónyuge tiene este ingreso del trabajo de $250 (o $500) para ese mes. Where can i do my state taxes online for free Límite de Dinero Existe un límite en la cantidad de gastos relacionados con el trabajo que se puede usar para calcular el crédito. Where can i do my state taxes online for free El límite es $3,000 en el caso de una persona calificada, o $6,000 en el caso de dos o más personas calificadas. Where can i do my state taxes online for free Si pagó gastos relacionados con el trabajo por el cuidado de dos o más personas calificadas, el límite aplicable es de $6,000. Where can i do my state taxes online for free No hay necesidad de dividir dicho límite de $6,000 por igual entre ellas. Where can i do my state taxes online for free Por ejemplo, si sus gastos relacionados con el trabajo por el cuidado de una persona calificada son de $3,200 y los gastos relacionados con el trabajo por otra persona calificada son de $2,800, puede utilizar el total, $6,000, al calcular el crédito. Where can i do my state taxes online for free Límite anual. Where can i do my state taxes online for free   El límite de dinero es un límite anual. Where can i do my state taxes online for free La cantidad del límite de dinero se mantiene igual, sin importar cuánto tiempo durante el año tenga en su residencia a una persona calificada. Where can i do my state taxes online for free Utilice el límite de $3,000 si pagó gastos relacionados con el trabajo para una persona calificada en algún momento del año. Where can i do my state taxes online for free Utilice el límite de $6,000 si pagó gastos relacionados con el trabajo para más de una persona calificada en algún momento del año. Where can i do my state taxes online for free Reducción del Límite de Dinero Si recibió beneficios para el cuidado de dependientes que usted excluye o deduce de sus ingresos, tiene que restar esa cantidad del límite de dinero que le corresponde. Where can i do my state taxes online for free La reducción del límite de dinero se calcula en la Parte III del Formulario 2441. Where can i do my state taxes online for free Vea la sección anterior, Beneficios para el Cuidado de Dependientes , para información sobre cómo excluir o deducir estos beneficios. Where can i do my state taxes online for free Ejemplo 1. Where can i do my state taxes online for free Jorge es viudo, tiene un hijo y gana $24,000 al año. Where can i do my state taxes online for free Paga gastos relacionados con el trabajo de $2,900 por el cuidado de su hijo de 4 años de edad. Where can i do my state taxes online for free Jorge reúne los requisitos para reclamar el crédito por gastos del cuidado de menores y dependientes. Where can i do my state taxes online for free Su empleador paga $1,000 adicionales, conforme a un plan de beneficios para el cuidado de dependientes. Where can i do my state taxes online for free Estos $1,000 se excluyen de los ingresos de Jorge. Where can i do my state taxes online for free Aunque el límite de dinero para sus gastos relacionados con el trabajo es de $3,000 (una persona calificada), Jorge calcula su crédito basándose solamente en $2,000 de los $2,900 que pagó por gastos relacionados con el trabajo. Where can i do my state taxes online for free Ésto se debe a que su límite de dinero se ha reducido como se muestra a continuación:   Reducción del Límite de Dinero de Jorge 1) Máximo de gastos permitidos para una persona calificada $3,000 2) Menos: Los beneficios para el cuidado de dependientes que Jorge excluye de sus ingresos −1,000 3) Reducción del límite de dinero sobre los gastos que Jorge puede utilizar para el crédito $2,000 Ejemplo 2. Where can i do my state taxes online for free Ronaldo está casado y tanto él como su esposa trabajan. Where can i do my state taxes online for free Cada uno tiene ingreso del trabajo superior a $6,000. Where can i do my state taxes online for free Ellos tienen dos hijos, Anita y Antonio, de 2 y 4 años. Where can i do my state taxes online for free Sus hijos asisten a un centro de cuidados para niños durante el día, el cual es controlado por el estado, y con licencia expedida por el mismo. Where can i do my state taxes online for free Ronaldo tuvo $6,000 en gastos relacionados con su trabajo en el año. Where can i do my state taxes online for free El empleador de Ronaldo ofrece un programa de ayuda para el cuidado de dependientes como parte de su plan cafeteria, el cual permite que los empleados efectúen aportaciones a un plan de gastos flexibles para el cuidado de dependientes (Dependent care flexible spending arrangement) antes de que se tasen impuestos sobre las mismas. Where can i do my state taxes online for free Como parte de este programa, Ronaldo ha elegido tomar la exclusión máxima de $5,000 de su salario para pagar los gastos del cuidado de dependientes. Where can i do my state taxes online for free Aunque el límite de dinero para los gastos relacionados con el trabajo es de $6,000 (para dos o más personas calificadas), Ronaldo calcula su crédito usando sólo $1,000 de los $6,000 que pagó por concepto de gastos relacionados con el trabajo. Where can i do my state taxes online for free Esto se debe a la reducción de su límite de dinero, explicada a continuación. Where can i do my state taxes online for free   Reducción del Límite de Dinero de Ronaldo 1) Máximo de gastos permitidos para dos personas calificadas $6,000 2) Menos: Los beneficios para el cuidado de dependientes elegidos del plan “cafetería” ofrecido por su empleador, y excluidos del ingreso de Ronaldo −5,000 3) Reducción del límite de dinero sobre los gastos que Ronaldo puede utilizar para el crédito $1,000 Cantidad de Crédito Para determinar la cantidad de su crédito, multiplique sus gastos relacionados con el trabajo (después de aplicar el límite del ingreso del trabajo y el límite de dinero) por el porcentaje correspondiente. Where can i do my state taxes online for free Este porcentaje depende del ingreso bruto ajustado, como se refleja en la línea 38 del Formulario 1040 o la línea 22 del Formulario 1040A. Where can i do my state taxes online for free La tabla siguiente muestra el porcentaje que deberá usar basado en el ingreso bruto ajustado:   SI su ingreso bruto ajustado es: ENTONCES el       Más de   Pero no más de   porcentaje es:       $0   $15,000   35%       15,000   17,000   34%       17,000   19,000   33%       19,000   21,000   32%       21,000   23,000   31%       23,000   25,000   30%       25,000   27,000   29%       27,000   29,000   28%       29,000   31,000   27%       31,000   33,000   26%       33,000   35,000   25%       35,000   37,000   24%       37,000   39,000   23%       39,000   41,000   22%       41,000   43,000   21%       43,000   No hay límite   20%   Cómo Reclamar el Crédito Para reclamar el crédito, puede presentar el Formulario 1040 o el Formulario 1040A. Where can i do my state taxes online for free No puede reclamar el crédito en el Formulario 1040EZ. Where can i do my state taxes online for free Formulario 1040 ó 1040A. Where can i do my state taxes online for free   Tiene que completar el Formulario 2441 y adjuntar el mismo a su Formulario 1040 ó 1040A. Where can i do my state taxes online for free Anote la cantidad del crédito en la línea 48 del Formulario 1040 o la línea 29 del Formulario 1040A. Where can i do my state taxes online for free Límite de crédito. Where can i do my state taxes online for free   En la mayoría de los casos, la cantidad de crédito que puede reclamar se limita a la cantidad de su impuesto. Where can i do my state taxes online for free Para más información vea las Instrucciones del Formulario 2441. Where can i do my state taxes online for free Crédito tributario no reembolsable. Where can i do my state taxes online for free   No puede obtener un reembolso por parte alguna del crédito que supere este límite. Where can i do my state taxes online for free Mantenimiento de documentación. Where can i do my state taxes online for free Usted debería mantener datos y registros de los gastos relacionados con el trabajo. Where can i do my state taxes online for free Además, si su dependiente o cónyuge no puede cuidar de sí mismo, los datos y registros que mantiene deben indicar tanto la forma como la duración de la incapacidad. Where can i do my state taxes online for free Otros datos y documentos que debería mantener para respaldar su solicitud de crédito se describen anteriormente bajo Requisito de Identificación del Proveedor de Cuidados . Where can i do my state taxes online for free Impuestos sobre la Nómina para Empleadores de Empleados Domésticos Si le paga a alguien para que venga a su hogar y cuide a su dependiente o a su cónyuge, es posible que se le considere un empleador de empleados domésticos. Where can i do my state taxes online for free Si es empleador de empleados domésticos, necesitará obtener un número de identificación del empleador (EIN) y quizás tenga que pagar impuestos sobre la nómina. Where can i do my state taxes online for free Si las personas que trabajan en la residencia de usted son empleados autónomos, es decir, trabajan por cuenta propia, usted no es responsable de ninguno de los impuestos que se explican en esta sección. Where can i do my state taxes online for free Las personas que trabajan por cuenta propia no son empleados domésticos. Where can i do my state taxes online for free Por lo general, usted no es empleador de empleados domésticos si la persona que cuida a su dependiente o cónyuge presta el servicio de cuidados en su propia residencia o lugar de negocio. Where can i do my state taxes online for free Si usa una agencia de empleo que tiene control sobre la clase de trabajo que realiza una niñera o acompañante que trabaja en la vivienda de usted, y sobre la manera en que se realiza el mismo, aquella persona no es su empleado. Where can i do my state taxes online for free Dicho control podría incluir proveer reglas de conducta y aspecto personal y exigir la entrega de informes con regularidad. Where can i do my state taxes online for free Si ese es el caso, usted no tiene que pagar impuestos sobre la nómina. Where can i do my state taxes online for free Sin embargo, si una agencia sólo le entrega una lista de niñeros o niñeras y usted contrata a uno de los que encontró en esa lista y paga directamente al mismo por sus servicios, dicha persona podría ser su empleado. Where can i do my state taxes online for free Si tiene un empleado doméstico usted podría estar sujeto a: Los impuestos del Seguro Social y Medicare, El impuesto federal sobre el desempleo y La retención del impuesto federal sobre el ingreso. Where can i do my state taxes online for free Los impuestos del Seguro Social y Medicare, por lo general, son retenidos de la paga de los empleados, y los empleadores pagan una cantidad igual. Where can i do my state taxes online for free El impuesto federal para el desempleo (FUTA, por sus siglas en inglés) lo paga solamente el empleador y son pagos por desempleo a empleados que hayan perdido su trabajo. Where can i do my state taxes online for free El impuesto federal sobre el ingreso se retiene del sueldo total del empleado si él le pide que lo haga y usted está de acuerdo. Where can i do my state taxes online for free Para más información sobre las responsabilidades tributarias de un empleador doméstico, vea la Publicación 926 y el Anexo H (Formulario 1040), en inglés, y las instrucciones correspondientes. Where can i do my state taxes online for free Impuestos estatales sobre la nómina. Where can i do my state taxes online for free   Es posible que también tenga que pagar el impuesto estatal de desempleo. Where can i do my state taxes online for free Póngase en contacto con su oficina de impuestos estatales para el desempleo a fin de obtener más información. Where can i do my state taxes online for free También debería averiguar si necesita pagar o cobrar otros impuestos estatales sobre la nómina o tener seguro de compensación al trabajador. Where can i do my state taxes online for free Para una lista de agencias de impuestos estatales de desempleo, vísite el sitio web del U. Where can i do my state taxes online for free S. Where can i do my state taxes online for free Department of Labor (Departamento del Trabajo). Where can i do my state taxes online for free Un enlace a este sitio web está en la Publicación 926, en inglés, o lo puede buscar en línea. Where can i do my state taxes online for free Prev  Up  Next   Home   More Online Publications
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The Where Can I Do My State Taxes Online For Free

Where can i do my state taxes online for free Internal Revenue Bulletin:  2009-36  September 8, 2009  Rev. Where can i do my state taxes online for free Proc. Where can i do my state taxes online for free 2009-37 Table of Contents SECTION 1. Where can i do my state taxes online for free PURPOSE SECTION 2. Where can i do my state taxes online for free BACKGROUND SECTION 3. Where can i do my state taxes online for free SCOPE SECTION 4. Where can i do my state taxes online for free ELECTION PROCEDURES SECTION 5. Where can i do my state taxes online for free REQUIRED INFORMATION STATEMENT SECTION 6. Where can i do my state taxes online for free EFFECTIVE DATE SECTION 7. Where can i do my state taxes online for free TRANSITION RULE SECTION 8. Where can i do my state taxes online for free PAPERWORK REDUCTION ACT DRAFTING INFORMATION SECTION 1. Where can i do my state taxes online for free PURPOSE . Where can i do my state taxes online for free 01 This revenue procedure provides the exclusive procedures for taxpayers to make an election to defer recognizing discharge of indebtedness income (“COD income”) under § 108(i) of the Internal Revenue Code. Where can i do my state taxes online for free . Where can i do my state taxes online for free 02 This revenue procedure also requires taxpayers making the § 108(i) election to provide additional information on returns beginning with the taxable year following the taxable year for which the taxpayer makes the election. Where can i do my state taxes online for free This revenue procedure describes the time and manner of providing this additional information. Where can i do my state taxes online for free . Where can i do my state taxes online for free 03 The Internal Revenue Service and Treasury Department intend to issue additional guidance under § 108(i) that may include regulations addressing matters in this revenue procedure. Where can i do my state taxes online for free Taxpayers should be aware that these regulations may be retroactive. Where can i do my state taxes online for free See § 7805(b)(2). Where can i do my state taxes online for free This revenue procedure may be modified to provide procedures consistent with additional guidance. Where can i do my state taxes online for free SECTION 2. Where can i do my state taxes online for free BACKGROUND . Where can i do my state taxes online for free 01 Section 108(i), Generally. Where can i do my state taxes online for free Section 108(i) was added to the Code by § 1231 of the American Recovery and Reinvestment Tax Act of 2009, Pub. Where can i do my state taxes online for free L. Where can i do my state taxes online for free No. Where can i do my state taxes online for free 111-5, 123 Stat. Where can i do my state taxes online for free 338. Where can i do my state taxes online for free In general, § 108(i) provides that, at the election of a taxpayer, COD income realized in connection with a reacquisition after December 31, 2008, and before January 1, 2011, of an applicable debt instrument is includible in gross income ratably over a 5-taxable-year inclusion period, beginning with the taxpayer’s fourth or fifth taxable year following the taxable year of the reacquisition. Where can i do my state taxes online for free Generally, if a taxpayer makes a § 108(i) election and reacquires (or is treated as reacquiring) the applicable debt instrument generating the COD income for a new debt instrument with original issue discount (“OID”), then interest deductions for this OID also are deferred, as provided in § 108(i)(2). Where can i do my state taxes online for free The OID deferral rule, however, does not apply if the amount of OID is less than a de minimis amount, as determined under § 1273(a)(3) and § 1. Where can i do my state taxes online for free 1273-1(d) of the Income Tax Regulations. Where can i do my state taxes online for free The OID deferral rule in § 108(i)(2) applies at the entity level for a pass-through entity. Where can i do my state taxes online for free For example, a partnership (and therefore its partners) may not deduct currently the OID described in § 108(i)(2)(A)(i). Where can i do my state taxes online for free A taxpayer must take into account any item of income or deduction deferred under § 108(i), and not previously taken into account, in the taxable year in which certain events occur (such as the liquidation of the taxpayer and upon other events specified in administrative guidance). Where can i do my state taxes online for free See § 108(i)(5)(D). Where can i do my state taxes online for free The rule regarding acceleration of deferred COD income and OID deductions also applies in the case of certain dispositions by persons holding ownership interests in pass-through entities. Where can i do my state taxes online for free Section 108(i)(5)(D)(ii). Where can i do my state taxes online for free For purposes of § 108(i), regulated investment companies (as defined in § 851(a)) and real estate investment trusts (as defined in § 856(a)) are not pass-through entities. Where can i do my state taxes online for free . Where can i do my state taxes online for free 02 Applicable Debt Instrument. Where can i do my state taxes online for free Section 108(i)(3)(A) defines the term “applicable debt instrument” to mean any debt instrument issued by a C corporation or by any other person in connection with the conduct of a trade or business by that person. Where can i do my state taxes online for free The term “debt instrument” means any bond, debenture, note, certificate, or any other instrument or contractual arrangement constituting indebtedness within the meaning of § 1275(a)(1). Where can i do my state taxes online for free Section 108(i)(3)(B). Where can i do my state taxes online for free For purposes of § 108(i), in the case of an intercompany obligation (as defined in § 1. Where can i do my state taxes online for free 1502-13(g)(2)(ii)), an applicable debt instrument includes only an instrument for which COD income is realized upon the instrument’s deemed satisfaction under § 1. Where can i do my state taxes online for free 1502-13(g)(5). Where can i do my state taxes online for free . Where can i do my state taxes online for free 03 Reacquisition. Where can i do my state taxes online for free Section 108(i)(4)(A) defines the term “reacquisition” to mean, with respect to any applicable debt instrument, any acquisition of the debt instrument by the debtor that issued (or is otherwise the obligor under) the debt instrument, or a person related to the debtor under § 108(e)(4). Where can i do my state taxes online for free The term “acquisition” includes an acquisition of the debt instrument for cash or other property, the exchange of the debt instrument for another debt instrument (including an exchange resulting from a modification of the debt instrument), the exchange of the debt instrument for corporate stock or a partnership interest, the contribution of the debt instrument to capital, and the complete forgiveness of the indebtedness by the holder of the debt instrument. Where can i do my state taxes online for free See § 108(i)(4)(B). Where can i do my state taxes online for free The term “acquisition” also includes an indirect acquisition within the meaning of § 1. Where can i do my state taxes online for free 108-2(c) if a direct acquisition of the debt instrument would qualify for an election under § 108(i). Where can i do my state taxes online for free For example, if a corporation acquires debt of a partnership that the partnership issued in connection with its trade or business, and the partnership and corporation become related within six months of the corporation’s acquisition of the debt, the indirect acquisition is an acquisition for which an election under § 108(i) may be made. Where can i do my state taxes online for free . Where can i do my state taxes online for free 04 General Requirements for the Section 108(i) Election. Where can i do my state taxes online for free Section 108(i)(5)(B) provides, in general, that a taxpayer makes the § 108(i) election by including a statement that clearly identifies the applicable debt instrument with the return of tax imposed for the taxable year in which the reacquisition of the instrument occurs. Where can i do my state taxes online for free (For purposes of this revenue procedure, a return of tax or income tax return includes an information return, and a taxpayer includes a person that files an information return. Where can i do my state taxes online for free ) The statement must include the amount of income to which § 108(i)(1) applies and other information the Service may prescribe. Where can i do my state taxes online for free Once made, a § 108(i) election is irrevocable and, except as provided in section 7 of this revenue procedure, may not be modified. Where can i do my state taxes online for free . Where can i do my state taxes online for free 05 Section 108(i) Elections Made by Pass-through Entities. Where can i do my state taxes online for free In the case of COD income realized by a pass-through entity from the reacquisition of an applicable debt instrument, the pass-through entity makes the § 108(i) election. Where can i do my state taxes online for free Section 108(i)(5)(B)(iii). Where can i do my state taxes online for free . Where can i do my state taxes online for free 06 Additional Information on Subsequent Years’ Returns. Where can i do my state taxes online for free Section 108(i)(7) authorizes the Service to issue guidance necessary or appropriate for applying § 108(i), including requiring reporting the election and other information on returns of tax for subsequent taxable years. Where can i do my state taxes online for free . Where can i do my state taxes online for free 07 Exclusivity. Where can i do my state taxes online for free Section 108(i)(5)(C) provides that if a taxpayer elects to apply § 108(i) to an applicable debt instrument, § 108(a)(1)(A), (B), (C), and (D) do not apply to COD income deferred under § 108(i). Where can i do my state taxes online for free . Where can i do my state taxes online for free 08 Allocation of Deferred COD Income on Partnership Indebtedness. Where can i do my state taxes online for free Section 4. Where can i do my state taxes online for free 04(3) of this revenue procedure describes how a partnership may elect under § 108(i) to defer a portion of the COD income realized from the reacquisition of an applicable debt instrument. Where can i do my state taxes online for free If a partnership elects to defer all or any portion of COD income realized from the reacquisition of an applicable debt instrument, all of the COD income with respect to that debt instrument, without regard to § 108(i), is allocated to the partners in the partnership immediately before the reacquisition in the manner in which the income would be included in the distributive shares of these partners under § 704 and the regulations thereunder, including § 1. Where can i do my state taxes online for free 704-1(b)(2)(iii). Where can i do my state taxes online for free Each partner’s share of this COD income is the partner’s COD income amount (“COD income amount”). Where can i do my state taxes online for free The partner’s COD income amount that is deferred under § 108(i) is the partner’s deferred amount (“deferred amount”). Where can i do my state taxes online for free The partner’s COD income amount that is not deferred and is included in the partner’s distributive share of partnership income for the taxable year of the partnership in which the reacquisition occurs is the partner’s included amount (“included amount”). Where can i do my state taxes online for free . Where can i do my state taxes online for free 09 Partner’s Deferred § 752 Amount. Where can i do my state taxes online for free A decrease in a partner’s share of a partnership liability resulting from the reacquisition of an applicable debt instrument that is not treated as a current distribution of money to the partner under § 752 by reason of § 108(i)(6) is the partner’s deferred § 752 amount (“deferred § 752 amount”). Where can i do my state taxes online for free A partner’s deferred § 752 amount may not exceed the lesser of (i) the partner’s deferred amount or (ii) gain that the partner would recognize in the year of reacquisition under § 731 as a result of the reacquisition absent § 108(i)(6). Where can i do my state taxes online for free To determine the amount of gain the partner would recognize under clause (ii) of the preceding sentence, the amount of any deemed distribution of money under § 752(b) resulting from the decrease in the partner’s share of a reacquired applicable debt instrument that is treated as an advance or draw of money under § 1. Where can i do my state taxes online for free 731-1(a)(1)(ii) is determined as if no COD income resulting from the reacquisition of the applicable debt instrument is deferred under § 108(i). Where can i do my state taxes online for free See Rev. Where can i do my state taxes online for free Rul. Where can i do my state taxes online for free 92-97, 1992-2 C. Where can i do my state taxes online for free B. Where can i do my state taxes online for free 124, and Rev. Where can i do my state taxes online for free Rul. Where can i do my state taxes online for free 94-4, 1994-1 C. Where can i do my state taxes online for free B. Where can i do my state taxes online for free 195. Where can i do my state taxes online for free A partner’s deferred § 752 amount is treated as a distribution of money to the partner under § 752 at the same time, and to the extent remaining in the same amount, as the partner recognizes the COD income deferred under § 108(i). Where can i do my state taxes online for free . Where can i do my state taxes online for free 10 Allocation of Deferred COD Income on S Corporation Indebtedness. Where can i do my state taxes online for free For purposes of § 108(i), an S corporation’s COD income deferred under § 108(i) is shared pro rata only among those shareholders that are shareholders of the S corporation immediately before the reacquisition transaction. Where can i do my state taxes online for free . Where can i do my state taxes online for free 11 Deferred COD Income, Earnings and Profits, and Alternative Minimum Taxable Income. Where can i do my state taxes online for free (1) In general. Where can i do my state taxes online for free The Service and Treasury Department intend to issue regulations regarding the computation of a corporation’s earnings and profits with respect to COD income and OID deductions that are deferred under § 108(i). Where can i do my state taxes online for free These regulations generally will provide that deferred COD income increases earnings and profits in the taxable year that it is realized and not in the taxable year or years that the deferred COD income is includible in gross income. Where can i do my state taxes online for free OID deductions deferred under § 108(i) generally will decrease earnings and profits in the taxable year or years in which the deduction would be allowed without regard to § 108(i). Where can i do my state taxes online for free COD income and OID deductions that are deferred increase or decrease adjusted current earnings under § 56(g)(4) in the taxable year or years that the income or deduction is includible or deductible in determining taxable income. Where can i do my state taxes online for free See § 1. Where can i do my state taxes online for free 56(g)-1(c)(1). Where can i do my state taxes online for free (2) Exceptions for certain special status corporations. Where can i do my state taxes online for free The Service and Treasury Department intend to issue regulations providing that in the case of regulated investment companies and real estate investment trusts, COD income deferred under § 108(i) generally increases earnings and profits in the taxable year or years in which the deferred COD income is includible in gross income and not in the year that the deferred COD income is realized. Where can i do my state taxes online for free OID deductions deferred under § 108(i) generally decrease earnings and profits in the taxable year or years that the deferred OID deductions are deductible. Where can i do my state taxes online for free . Where can i do my state taxes online for free 12 Extension of Time to Make Election. Where can i do my state taxes online for free Under § 301. Where can i do my state taxes online for free 9100-1 of the Procedure and Administration Regulations, the Service may grant an extension of time to make a regulatory election. Where can i do my state taxes online for free An election is a regulatory election if the due date is prescribed by regulation or other published guidance of general applicability. Where can i do my state taxes online for free Section 301. Where can i do my state taxes online for free 9100-2(a) provides an automatic 12-month extension from the due date for making certain regulatory elections. Where can i do my state taxes online for free SECTION 3. Where can i do my state taxes online for free SCOPE This revenue procedure applies to taxpayers that realize COD income from a reacquisition after December 31, 2008, and before January 1, 2011, of an applicable debt instrument, as provided in § 108(i). Where can i do my state taxes online for free SECTION 4. Where can i do my state taxes online for free ELECTION PROCEDURES . Where can i do my state taxes online for free 01 In General. Where can i do my state taxes online for free (1) A taxpayer within the scope of this revenue procedure makes the § 108(i) election by— (a) Attaching a statement meeting the requirements of section 4. Where can i do my state taxes online for free 05 of this revenue procedure to the taxpayer’s timely filed (including extensions) original federal income tax return for the taxable year in which the reacquisition of the applicable debt instrument occurs, and (b) If applicable, satisfying the additional requirements of section 4. Where can i do my state taxes online for free 07, 4. Where can i do my state taxes online for free 08, 4. Where can i do my state taxes online for free 09, or 4. Where can i do my state taxes online for free 10 of this revenue procedure. Where can i do my state taxes online for free (2) The Service grants an automatic extension of 12 months from the due date prescribed in section 4. Where can i do my state taxes online for free 01(1)(a) of this revenue procedure for making the § 108(i) election. Where can i do my state taxes online for free The rules that apply to an automatic extension under § 301. Where can i do my state taxes online for free 9100-2(a) apply to this automatic extension. Where can i do my state taxes online for free . Where can i do my state taxes online for free 02 Section 108(i) Elections Made by Members of Consolidated Groups. Where can i do my state taxes online for free The common parent of a consolidated group makes the § 108(i) election on behalf of all members of the group. Where can i do my state taxes online for free See § 1. Where can i do my state taxes online for free 1502-77(a). Where can i do my state taxes online for free . Where can i do my state taxes online for free 03 Aggregation Rule. Where can i do my state taxes online for free A taxpayer within the scope of this revenue procedure may treat two or more applicable debt instruments that are part of the same issue and that are reacquired during the same taxable year as one applicable debt instrument for purposes of this revenue procedure. Where can i do my state taxes online for free A pass-through entity may not treat two or more applicable debt instruments as one applicable debt instrument under this section 4. Where can i do my state taxes online for free 03 if the owners and their ownership interests in the pass-through entity immediately prior to the reacquisition of each applicable debt instrument are not identical. Where can i do my state taxes online for free . Where can i do my state taxes online for free 04 Partial Elections. Where can i do my state taxes online for free (1) A taxpayer within the scope of this revenue procedure may make an election for any portion of COD income realized from the reacquisition of any applicable debt instrument. Where can i do my state taxes online for free Thus, for example, if a taxpayer realizes $100 of COD income from the reacquisition of an applicable debt instrument, the taxpayer may elect under § 108(i)(1) to defer only $40 of the $100 of COD income. Where can i do my state taxes online for free The taxpayer may exclude from income the portion of COD income that the taxpayer does not elect to defer under § 108(i) ($60 in this example) under § 108(a)(1)(A), (B), (C), or (D), if applicable. Where can i do my state taxes online for free (2) A taxpayer is not required to make an election for the same portion of COD income arising from each applicable debt instrument that it reacquires, but may make an election for different portions of COD income arising from different applicable debt instruments (whether or not part of the same issue). Where can i do my state taxes online for free Thus, for example, if a taxpayer realizes $100 of COD income from the reacquisition of an applicable debt instrument (Instrument A) and $100 of COD income from the reacquisition of a different applicable debt instrument (Instrument B), the taxpayer may elect to defer all or a portion of the COD income associated with Instrument A and none or a different portion of the COD income associated with Instrument B. Where can i do my state taxes online for free (3) A partnership that elects to defer less than all of the COD income realized from the reacquisition of an applicable debt instrument may determine, in any manner, the portion, if any, of a partner’s COD income amount that is the partner’s deferred amount and the portion, if any, of a partner’s COD income amount that is the partner’s included amount. Where can i do my state taxes online for free Thus, for example, one partner’s deferred amount may be zero while another partner’s deferred amount may equal that partner’s COD income amount (or any portion thereof). Where can i do my state taxes online for free A partner may exclude from income the partner’s included amount under § 108(a)(1)(A), (B), (C), or (D), if applicable. Where can i do my state taxes online for free The provisions of this section 4. Where can i do my state taxes online for free 04(3) apply for purposes of § 108(i) only and are not intended as an interpretation of or a change to existing law under § 704. Where can i do my state taxes online for free . Where can i do my state taxes online for free 05 Contents of Election Statement. Where can i do my state taxes online for free A statement meets the requirements of this section 4. Where can i do my state taxes online for free 05 if the statement— (1) Label. Where can i do my state taxes online for free States “Section 108(i) Election” across the top. Where can i do my state taxes online for free (2) Required information. Where can i do my state taxes online for free Provides, for each applicable debt instrument the reacquisition of which generates COD income that the taxpayer is electing to defer under § 108(i)— (a) The name and taxpayer identification numbers, if any, of the issuer or issuers of the applicable debt instrument; (b) A general description of the applicable debt instrument (including the issue and maturity dates) and, in the case of any person other than a C corporation, a general description of the person’s trade or business to which the applicable debt instrument is connected; (c) A general description of the reacquisition transaction or transactions generating the COD income (including the date(s) of the transaction(s)); (d) The total amount of COD income for the applicable debt instrument that results from the reacquisition (in the case of a partnership, the aggregate of the partners’ COD income amounts) and a general description of the manner in which this amount is calculated; (e) The amount of COD income for the applicable debt instrument that the taxpayer is electing to defer under § 108(i); (f) In the case of a partnership, a list of partners that have a deferred amount, their identifying information and each partner’s deferred amount; and in the case of an S corporation, a list of shareholders with COD income deferred under § 108(i), their identifying information and each shareholder’s share of the S corporation’s deferred COD income; and (g) In cases in which a new debt instrument is issued or deemed issued in exchange for the applicable debt instrument (including exchanges under § 108(e)(4), § 108(i)(2)(B), and § 1. Where can i do my state taxes online for free 1001-3), the issuer’s name, the issuer’s taxpayer identification number, if any, a general description of the new debt instrument and whether the new debt instrument has OID, and if the new debt instrument has OID, a schedule of the OID that the issuer expects to accrue each taxable year on the instrument and the amount of OID that the issuer expects to defer under § 108(i)(2) each taxable year. Where can i do my state taxes online for free . Where can i do my state taxes online for free 06 Supplemental information. Where can i do my state taxes online for free The statement described in section 4. Where can i do my state taxes online for free 05 of this revenue procedure may specify for each applicable debt instrument an amount greater than the amount identified in section 4. Where can i do my state taxes online for free 05(2)(e) of this revenue procedure that the taxpayer elects to defer under § 108(i) in the event the Service subsequently concludes that the taxpayer understated the amount of COD income described in section 4. Where can i do my state taxes online for free 05(2)(d) of this revenue procedure. Where can i do my state taxes online for free This additional amount of COD income the taxpayer elects to defer may be described as the entire additional COD income, or as a percentage of any additional COD income. Where can i do my state taxes online for free If the taxpayer is a partnership, the partnership must specify each partner’s share of the partnership’s additional COD income that would be deferred (the partner’s additional deferred amount), which the partnership may describe for each partner as the partner’s entire share of the partnership’s additional COD income or as a percentage of the partner’s share of the partnership’s additional COD income. Where can i do my state taxes online for free If the taxpayer is an S corporation, the S corporation must specify each shareholder’s share of the S corporation’s additional COD income that would be deferred, which the S corporation may describe for each shareholder as the shareholder’s entire share of the S corporation’s additional COD income or as a percentage of the shareholder’s share of the S corporation’s additional COD income. Where can i do my state taxes online for free In the case of partnerships and S corporations, the additional COD income and the portion of additional COD income that would be deferred are allocated or determined as provided in sections 2. Where can i do my state taxes online for free 08, 2. Where can i do my state taxes online for free 10 and, if applicable, 4. Where can i do my state taxes online for free 04(3) of this revenue procedure, respectively, as if the additional COD income was realized. Where can i do my state taxes online for free . Where can i do my state taxes online for free 07 Additional Requirements for Certain Partnerships Making a § 108(i) Election. Where can i do my state taxes online for free The rules of this section 4. Where can i do my state taxes online for free 07 apply to partnerships other than partnerships described in section 4. Where can i do my state taxes online for free 10 of this revenue procedure. Where can i do my state taxes online for free (1) Information filing on Schedule K-1 (Form 1065 and Form 1065-B). Where can i do my state taxes online for free For the taxable year in which the § 108(i) election is made, the partnership must report on the Schedule K-1 (Form 1065 or Form 1065-B), Partner’s Share of Income, Deductions, Credits, etc. Where can i do my state taxes online for free , in the manner specified in the instructions to the forms, for each partner § 108(i) information on an aggregate basis for all applicable debt instruments for which a § 108(i) election is made. Where can i do my state taxes online for free Partnerships reporting § 108(i) information on the 2008 Schedule K-1 (Form 1065 or Form 1065-B) must report for each partner on an aggregate basis for all applicable debt instruments for which a § 108(i) election is made: (a) The partner’s deferred amount that the partner must include in income in the current taxable year under § 108(i)(1) or § 108(i)(5)(D)(i) or (ii), in box 11 (“other income”) using code F for Schedule K-1 (Form 1065) or in box 9 (“other”) using code U for Schedule K-1 (Form 1065-B); (b) The partner’s share of the partnership’s OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(2)(A)(ii) or § 108(i)(5)(D)(i) or (ii), in box 13 (“other deductions”) using code W for Schedule K-1 (Form 1065) or in box 9 (“other”) using code U for Schedule K-1 (Form 1065-B); (c) The partner’s deferred amount that has not been included in income in the current or prior taxable years, in box 20 (“other information”) using code X for Schedule K-1 (Form 1065) or in box 9 (“other”) using code U for Schedule K-1 (Form 1065-B); (d) The partner’s share of the partnership’s OID deduction deferred under § 108(i)(2)(A)(i) that has not been deducted in the current or prior taxable years, in box 20 (“other information”) using code X for Schedule K-1 (Form 1065) or in box 9 (“other”) using code U for Schedule K-1 (Form 1065-B); (e) The partner’s deferred § 752 amount that is treated as a distribution of money to the partner under § 752 in the current taxable year, in box 20 (“other information”) using code X for Schedule K-1 (Form 1065) or in box 9 (“other”) using code U for Schedule K-1 (Form 1065-B); and (f) The partner’s deferred § 752 amount remaining as of the end of the current taxable year, in box 20 (“other information”) using code X for Schedule K-1 (Form 1065) or in box 9 (“other”) using code U for Schedule K-1 (Form 1065-B). Where can i do my state taxes online for free (2) Election information statement provided to partners. Where can i do my state taxes online for free The partnership must attach to the Schedule K-1 (Form 1065 or Form 1065-B) provided to each partner for the taxable year in which the § 108(i) election is made a statement satisfying the requirements of this section 4. Where can i do my state taxes online for free 07(2). Where can i do my state taxes online for free The partnership should not attach these statements to the Schedules K-1 that are filed with the Service, but must retain these statements, and each partner must retain that partner’s statement, in their respective books and records. Where can i do my state taxes online for free A statement meets the requirements of this section 4. Where can i do my state taxes online for free 07(2) if the statement— (a) Label. Where can i do my state taxes online for free States “Section 108(i) Election Information Statement for Partners” across the top. Where can i do my state taxes online for free (b) Required information. Where can i do my state taxes online for free Clearly identifies for each applicable debt instrument to which an election under § 108(i) applies— (i) The partner’s COD income amount, the partner’s deferred amount, and the partner’s included amount; (ii) The partner’s deferred amount that the partner must include in income in the current taxable year under § 108(i)(5)(D)(i) or (ii); (iii) The partner’s share of the partnership’s OID deduction deferred under § 108(i)(2)(A)(i) in the current taxable year; (iv) The partner’s share of the partnership’s OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(5)(D)(i) or (ii); (v) The partner’s share of each liability of the partnership described in section 4. Where can i do my state taxes online for free 05(2)(g) of this revenue procedure; (vi) The partner’s share of the decrease in the partnership liability that results from the reacquisition of the applicable debt instrument; (vii) The partner’s share of the decrease in the partnership liability that results from the reacquisition of the applicable debt instrument that is treated as a distribution of money to the partner under § 752 in the current taxable year; (viii) The partner’s deferred § 752 amount as described in section 2. Where can i do my state taxes online for free 09 of this revenue procedure; (ix) The partner’s additional deferred amount as described in section 4. Where can i do my state taxes online for free 06 of this revenue procedure; and (x) The date of the reacquisition transaction generating the COD income. Where can i do my state taxes online for free (c) If a partner fails to provide the written statement required by section 4. Where can i do my state taxes online for free 07(3) of this revenue procedure, the partnership must indicate that the amounts described in section 4. Where can i do my state taxes online for free 07(2)(b)(vii) and (viii) of this revenue procedure cannot be calculated because the partner did not provide the information necessary to report these amounts. Where can i do my state taxes online for free (3) Partner reporting requirements. Where can i do my state taxes online for free The partnership must make reasonable efforts prior to making a § 108(i) election to secure from each partner with a deferred amount for which it does not have the information necessary to compute the partner’s basis in its partnership interest (and its deferred § 752 amount as described in section 2. Where can i do my state taxes online for free 09 of this revenue procedure) a written statement signed under penalties of perjury that includes this information. Where can i do my state taxes online for free Each partner with a deferred amount must provide this written statement to the partnership within 30 days of the date of request by the partnership. Where can i do my state taxes online for free A partner’s failure to comply with this reporting requirement does not invalidate the partnership’s election under § 108(i) for an applicable debt instrument only if the partnership makes reasonable efforts before making the § 108(i) election to obtain the written statement from the partner and otherwise complies with the requirements of section 4 of this revenue procedure. Where can i do my state taxes online for free If a partner provides its written statement under this section 4. Where can i do my state taxes online for free 07(3) after the partnership has provided to the partner the Section 108(i) Election Information Statement for Partners, the partnership must provide to the partner a revised Section 108(i) Election Information Statement for Partners reporting the information required under section 4. Where can i do my state taxes online for free 07(2)(b)(vii) and (viii) of this revenue procedure and report the partner’s deferred § 752 amount on the partner’s Schedule K-1 (Form 1065 or Form 1065-B) in subsequent taxable years. Where can i do my state taxes online for free . Where can i do my state taxes online for free 08 Additional Requirements for an S Corporation Making a § 108(i) Election. Where can i do my state taxes online for free (1) Information filing on Schedule K-1 (Form 1120S). Where can i do my state taxes online for free For the taxable year in which the § 108(i) election is made, the S corporation must report on the Schedule K-1 (Form 1120S), Shareholder’s Share of Income, Deductions, Credits, etc. Where can i do my state taxes online for free , in the manner specified in the instructions to the forms, for each shareholder § 108(i) information on an aggregate basis for all applicable debt instruments for which a § 108(i) election is made. Where can i do my state taxes online for free S corporations reporting § 108(i) information on the 2008 Schedule K-1 (Form 1120S) must report for each shareholder, on an aggregate basis for all applicable debt instruments for which a § 108(i) election is made, the shareholder’s share of the S corporation’s: (a) COD income deferred under § 108(i) that the shareholder must include in income in the current taxable year under § 108(i)(1) or § 108(i)(5)(D)(i) or (ii), in box 10 (“other income”) using code E; (b) OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(2)(A)(ii), or § 108(i)(5)(D)(i) or (ii), in box 12 (“other deductions”) using code S; (c) COD income deferred under § 108(i) that has not been included in income in the current or prior taxable years, in box 17 (“other information”) using code T; and (d) OID deduction deferred under § 108(i)(2)(A)(i) that has not been deducted in the current or prior taxable years, in box 17 (“other information”) using code T. Where can i do my state taxes online for free (2) Election information statement provided to shareholders. Where can i do my state taxes online for free The S corporation must attach to the Schedule K-1 (Form 1120S) provided to each shareholder for the taxable year in which the § 108(i) election is made, a statement satisfying the requirements of this section 4. Where can i do my state taxes online for free 08(2). Where can i do my state taxes online for free The S corporation should not attach these statements to the Schedules K-1 that are filed with the Service, but must retain these statements, and each shareholder must retain that shareholder’s statement, in their respective books and records. Where can i do my state taxes online for free A statement meets the requirements of this section 4. Where can i do my state taxes online for free 08(2) if the statement— (a) Label. Where can i do my state taxes online for free States “Section 108(i) Election Information Statement for Shareholders” across the top. Where can i do my state taxes online for free (b) Required information. Where can i do my state taxes online for free Clearly identifies for each applicable debt instrument to which an election under § 108(i) applies, the shareholder’s share of the S corporation’s— (i) COD income that the S corporation elects to defer under § 108(i); (ii) COD income deferred under § 108(i) that the shareholder must include in income in the current taxable year under § 108(i)(5)(D)(i) or (ii); (iii) OID deduction deferred under § 108(i)(2)(A)(i) in the current taxable year; (iv) OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(5)(D)(i) or (ii); and (v) Additional COD income that would be deferred as described in section 4. Where can i do my state taxes online for free 06 of this revenue procedure. Where can i do my state taxes online for free . Where can i do my state taxes online for free 09 Section 108(i) Elections Made on Behalf of Certain Foreign Corporations. Where can i do my state taxes online for free The controlling domestic shareholder(s) (or common parent of the controlling domestic shareholder(s), if applicable) of a controlled foreign corporation or a noncontrolled § 902 corporation not otherwise required to file a return of tax may make the § 108(i) election on behalf of the foreign corporation by satisfying the requirements of § 1. Where can i do my state taxes online for free 964-1(c)(3). Where can i do my state taxes online for free Each controlling domestic shareholder must attach a statement identifying the foreign corporation and satisfying the requirements of section 4. Where can i do my state taxes online for free 05 of this revenue procedure and, if applicable, section 4. Where can i do my state taxes online for free 06 of this revenue procedure, to its federal income tax return for the taxable year ending within or with the taxable year of the foreign corporation for which the § 108(i) election is made. Where can i do my state taxes online for free . Where can i do my state taxes online for free 10 Section 108(i) Elections Made By Certain Foreign Partnerships. Where can i do my state taxes online for free The rules of this section 4. Where can i do my state taxes online for free 10 apply to a foreign partnership making a § 108(i) election that is not otherwise required to file a federal partnership return (“nonfiling foreign partnership”). Where can i do my state taxes online for free See § 1. Where can i do my state taxes online for free 6031(a)-1(b). Where can i do my state taxes online for free (1) A nonfiling foreign partnership making the election must attach a statement satisfying the requirements of section 4. Where can i do my state taxes online for free 05 of this revenue procedure and, if applicable, section 4. Where can i do my state taxes online for free 06 of this revenue procedure, to a partnership return satisfying the requirements of § 1. Where can i do my state taxes online for free 6031(a)-1(b)(5) it files with the Service. Where can i do my state taxes online for free In addition, a nonfiling foreign partnership must include in the information required in section 4. Where can i do my state taxes online for free 05(2)(d) and (e) of this revenue procedure the aggregate amounts for all partners as well as the aggregate amounts for all U. Where can i do my state taxes online for free S. Where can i do my state taxes online for free persons (as defined in § 7701(a)(30)) and controlled foreign corporation(s) that are partners with deferred amounts in the nonfiling foreign partnership (“affected partners”). Where can i do my state taxes online for free (2) The nonfiling foreign partnership must make the election, in accordance with § 1. Where can i do my state taxes online for free 6031(a)-1(b)(5), by the date provided in section 4. Where can i do my state taxes online for free 01(1)(a) of this revenue procedure, as if it had a filing obligation for the taxable year in which the reacquisition of the applicable debt instrument occurs. Where can i do my state taxes online for free (3) For each affected partner, the partnership must file with the Service a Schedule K-1 (Form 1065) and report on the Schedule K-1 (Form 1065) for the affected partner as provided in section 4. Where can i do my state taxes online for free 07(1) of this revenue procedure. Where can i do my state taxes online for free Except for this § 108(i) information, the partnership need not complete Part III of the Schedule K-1 (Form 1065). Where can i do my state taxes online for free The partnership must provide a copy of the respective Schedule K-1 (Form 1065) to each affected partner and must also attach to the Schedule K-1 (Form 1065) provided to each affected partner a statement satisfying the requirements of section 4. Where can i do my state taxes online for free 07(2) of this revenue procedure by the date provided in section 4. Where can i do my state taxes online for free 01(1)(a) of this revenue procedure. Where can i do my state taxes online for free The partnership should not attach any statement described in section 4. Where can i do my state taxes online for free 07(2) of this revenue procedure to the Schedules K-1 that are filed with the Service. Where can i do my state taxes online for free However, the partnership must retain the statements provided to the affected partners, and each affected partner must retain that partner’s statement, in their respective books and records. Where can i do my state taxes online for free (4) The partnership and each affected partner must satisfy the requirements of section 4. Where can i do my state taxes online for free 07(3) of this revenue procedure. Where can i do my state taxes online for free . Where can i do my state taxes online for free 11 Protective § 108(i) Election. Where can i do my state taxes online for free (1) In general. Where can i do my state taxes online for free A taxpayer may make a protective election under § 108(i) for an applicable debt instrument if the taxpayer concludes that a particular transaction does not result in the realization of COD income, reports the transaction on its federal income tax return in a manner consistent with the taxpayer’s conclusion, and would be within the scope of this revenue procedure if the taxpayer’s conclusion were incorrect. Where can i do my state taxes online for free If the Service at any time determines the taxpayer’s conclusion that the particular transaction does not result in the realization of COD income is incorrect, the taxpayer’s protective election is treated as a valid, irrevocable election under § 108(i). Where can i do my state taxes online for free Thus, if a taxpayer makes a protective election, the Service subsequently may require the taxpayer to report COD income deferred pursuant to the valid and irrevocable protective election even if the statute of limitations has expired for the year in which the COD income was realized and the protective election was made. Where can i do my state taxes online for free A taxpayer makes a protective election by attaching a statement satisfying the requirements of this section 4. Where can i do my state taxes online for free 11(1) to the taxpayer’s original federal income tax return within the period described in section 4. Where can i do my state taxes online for free 01(1)(a) of this revenue procedure. Where can i do my state taxes online for free The taxpayer also must attach the election to its federal income tax return in each of the 8 or 9 taxable years, as applicable, following the taxable year of the election. Where can i do my state taxes online for free A statement meets the requirements of this section 4. Where can i do my state taxes online for free 11(1) if the statement— (a) States “Section 108(i) Protective Election” across the top; (b) Provides the information required under section 4. Where can i do my state taxes online for free 05(2)(a), (b), and (c) of this revenue procedure; (c) Provides that the amounts described in sections 4. Where can i do my state taxes online for free 05(2)(d) and (e) of this revenue procedure are zero; and (d) Provides the information described in section 4. Where can i do my state taxes online for free 06 of this revenue procedure. Where can i do my state taxes online for free (2) Statements provided to shareholders and partners. Where can i do my state taxes online for free (a) For each applicable debt instrument, a partnership or S corporation that makes a protective election must attach to the Schedule K-1 (Form 1065, Form 1065-B, or Form 1120S) it provides each of its partners or shareholders, as the case may be, for the taxable year in which the protective election is made a statement containing the information described in section 4. Where can i do my state taxes online for free 11(1)(b) of this revenue procedure (an S corporation need not provide its shareholders with the date(s) of the transaction(s) that would constitute the reacquisition transaction or transactions) and the partner’s or shareholder’s share of the additional COD income that would be deferred as described in section 4. Where can i do my state taxes online for free 11(1)(d) of this revenue procedure. Where can i do my state taxes online for free (b) The partnership or S corporation should not attach the statements described in this section 4. Where can i do my state taxes online for free 11(2) to the Schedules K-1 that are filed with the Service but must retain these statements, and each partner and shareholder must retain that partner’s or shareholder’s statement, in their respective books and records. Where can i do my state taxes online for free . Where can i do my state taxes online for free 12 Election-Year Reporting by Tiered Pass-Through Entities. Where can i do my state taxes online for free (1) A partnership required to file a U. Where can i do my state taxes online for free S. Where can i do my state taxes online for free partnership return other than under § 1. Where can i do my state taxes online for free 6031(a)-1(b)(5), or an S corporation, that receives a Schedule K-1 (Form 1065 or Form 1065-B) reflecting its share of any items listed in section 4. Where can i do my state taxes online for free 07(1) of this revenue procedure, must report on the Schedules K-1 (Form 1065, Form 1065-B, or Form 1120S) to its partners or shareholders, as the case may be, each partner’s or shareholder’s share of those items (an S corporation only reports to its shareholders the items described in section 4. Where can i do my state taxes online for free 07(1)(a) through (d) of this revenue procedure). Where can i do my state taxes online for free (2) If a partnership described in section 4. Where can i do my state taxes online for free 12(1) of this revenue procedure receives a statement described in sections 4. Where can i do my state taxes online for free 07(2) or 4. Where can i do my state taxes online for free 10(3) of this revenue procedure or this section 4. Where can i do my state taxes online for free 12(2), it must provide each of its partners a statement containing the partner’s share of each of the items listed on each statement received by the partnership, including the information described in section 4. Where can i do my state taxes online for free 07(2)(b)(x) of this revenue procedure. Where can i do my state taxes online for free If an S corporation receives a statement described in sections 4. Where can i do my state taxes online for free 07(2) or 4. Where can i do my state taxes online for free 10(3) of this revenue procedure or this section 4. Where can i do my state taxes online for free 12(2), it must provide each of its shareholders a statement containing the shareholder’s share of each of the items listed on each statement received by the S corporation that are described in section 4. Where can i do my state taxes online for free 07(2)(b)(i), (ii), (iii), (iv) and (ix) of this revenue procedure. Where can i do my state taxes online for free The partnership or S corporation must attach this statement or statements to the Schedule K-1 (Form 1065, Form 1065-B, or Form 1120S) that it provides to each of its partners or shareholders, as the case may be, for the taxable year of the partnership or S corporation. Where can i do my state taxes online for free The partnership or S corporation should not attach these statements to the Schedules K-1 that are filed with the Service but must retain these statements, and each partner and shareholder must retain that partner’s or shareholder’s statement, in their respective books and records. Where can i do my state taxes online for free (3) A partnership that receives a statement described in this section 4 identifying its COD income amount with respect to an applicable debt instrument must allocate its COD income amount, without regard to § 108(i), to the partners in the partnership immediately before the reacquisition transaction in the manner in which the income would be included in the distributive shares of these partners under § 704 and the regulations thereunder, including § 1. Where can i do my state taxes online for free 704-1(b)(2)(iii). Where can i do my state taxes online for free The partnership may determine in any manner the portion, if any, of a partner’s COD income amount that is the partner’s deferred amount and the portion, if any, of a partner’s COD income amount that is the partner’s included amount. Where can i do my state taxes online for free No partner’s deferred amount with respect to an applicable debt instrument may exceed its COD income amount with respect to the applicable debt instrument, and the aggregate of deferred amounts of its partners with respect to an applicable debt instrument must equal the partnership’s deferred amount with respect to the applicable debt instrument. Where can i do my state taxes online for free The partnership allocates amounts described in section 4. Where can i do my state taxes online for free 06 of this revenue procedure under this section 4. Where can i do my state taxes online for free 12(3) as if the additional COD income was realized. Where can i do my state taxes online for free (4) The deferred § 752 amount for partners in a partnership making a § 108(i) election is calculated only for the partnership’s direct partners. Where can i do my state taxes online for free No further adjustment to the deferred § 752 amount is made to reflect the basis or other attributes of partners that are indirect partners in the partnership. Where can i do my state taxes online for free (5) If an S corporation receives a statement described in this section 4 identifying its COD income amount, deferred amount, included amount or additional COD income that would be deferred with respect to an applicable debt instrument, these amounts are shared pro rata only among those shareholders that are shareholders in the S corporation immediately before the reacquisition transaction. Where can i do my state taxes online for free (6) This paragraph 4. Where can i do my state taxes online for free 12(6) provides the rules for Category 1 and Category 2 filers of Form 8865, Return of U. Where can i do my state taxes online for free S. Where can i do my state taxes online for free Persons With Respect to Certain Foreign Partnerships, as defined in the instructions for Form 8865, if the foreign partnership, for which the Category 1 or Category 2 filer has a filing requirement, receives a Schedule K-1 (Form 1065 or Form 1065-B) reflecting the partnership’s share of any items listed in section 4. Where can i do my state taxes online for free 07(1) of this revenue procedure, or a statement described in sections 4. Where can i do my state taxes online for free 07(2) or 4. Where can i do my state taxes online for free 10(3) of this revenue procedure (because the foreign partnership owns an interest directly or indirectly in another partnership in which an election was made under § 108(i) with respect to that foreign partnership’s distributive share from the other entity). Where can i do my state taxes online for free (a) For each partner for whom the Category 1 filer is required to complete a Schedule K-1 (Form 8865) (which includes the Category 1 filer itself), the Category 1 filer must: (i) Include the information described in section 4. Where can i do my state taxes online for free 07(1) of this revenue procedure in the Schedule K-1 (Form 8865) that the Category 1 filer files with the Service and completes for the partner; (ii) Produce a statement containing the partner’s share of the items listed on each statement received by the partnership; and (iii) Attach the statement described in section 4. Where can i do my state taxes online for free 12(6)(a)(ii) of this revenue procedure to each Schedule K-1 (Form 8865) that it is required to provide to a partner of the foreign partnership. Where can i do my state taxes online for free (b) A Category 2 filer must include its share of the information described in section 4. Where can i do my state taxes online for free 07(1) on the Schedule K-1 (Form 8865) that it is required to complete. Where can i do my state taxes online for free Category 2 filers also must complete a statement containing their share of the items listed on each statement received by the partnership. Where can i do my state taxes online for free (c) The Category 1 and Category 2 filers should not attach the statements described in sections 4. Where can i do my state taxes online for free 12(6)(a)(ii) and 4. Where can i do my state taxes online for free 12(6)(b) of this revenue procedure, respectively, to the Schedules K-1 that are filed with the Service. Where can i do my state taxes online for free However, Category 1 filers must retain the statements they complete and each partner must retain its own statement, in their respective books and records. Where can i do my state taxes online for free (7) If as a result of § 108(i)(5)(D)(ii), a partner of a partnership described in section 4. Where can i do my state taxes online for free 12(1) of this revenue procedure or a shareholder of an S corporation described in section 4. Where can i do my state taxes online for free 12(1) of this revenue procedure must recognize items deferred under § 108(i), the partnership or S corporation must report these items on the Schedule K-1 (Form 1065, Form 1065-B, or Form 1120S) and statements provided to the partner or shareholder pursuant to section 4. Where can i do my state taxes online for free 12(1) and (2) of this revenue procedure. Where can i do my state taxes online for free Similar rules apply to Category 1 and Category 2 filers (Form 8865) described in section 4. Where can i do my state taxes online for free 12(6) of this revenue procedure. Where can i do my state taxes online for free (8) The provisions of section 4. Where can i do my state taxes online for free 12(2), (3), (5) and (6) of this revenue procedure also apply to a statement received that is described in section 4. Where can i do my state taxes online for free 11(2) of this revenue procedure, except that the information that must be provided are those items described in section 4. Where can i do my state taxes online for free 11(1)(b) of this revenue procedure (an S corporation need not provide its shareholders with the date(s) of the transaction(s) that would constitute the reacquisition transaction or transactions) and the share of the partner or shareholder in the amounts described in section 4. Where can i do my state taxes online for free 11(1)(d) of this revenue procedure. Where can i do my state taxes online for free SECTION 5. Where can i do my state taxes online for free REQUIRED INFORMATION STATEMENT . Where can i do my state taxes online for free 01 Annual Information Statements. Where can i do my state taxes online for free Pursuant to § 108(i)(7)(B), a taxpayer that makes an election under § 108(i) (except for a protective election under section 4. Where can i do my state taxes online for free 11(1) of this revenue procedure) must attach a statement meeting the requirements of section 5. Where can i do my state taxes online for free 02 of this revenue procedure to its federal income tax return for each taxable year beginning with the taxable year following the taxable year for which the taxpayer makes the election and ending with the first taxable year in which all items deferred under § 108(i) have been recognized. Where can i do my state taxes online for free . Where can i do my state taxes online for free 02 Contents of Statement. Where can i do my state taxes online for free A statement meets the requirements of this section 5. Where can i do my state taxes online for free 02 if the statement— (1) Label. Where can i do my state taxes online for free States “Section 108(i) Information Statement” across the top; (2) Required information. Where can i do my state taxes online for free Clearly identifies for each applicable debt instrument to which an election under § 108(i) applies— (a) COD income deferred under § 108(i) that is included in income in the current taxable year under § 108(i)(1); (b) COD income deferred under § 108(i) that is included in income in the current taxable year under § 108(i)(5)(D), including a description and date of the acceleration event described in § 108(i)(5)(D); (c) COD income deferred under § 108(i) that has not been included in income in the current or prior taxable years (in the case of a partnership, the aggregate of the partners’ deferred amounts that have not been included in income in the current or prior taxable years, and in the case of an S corporation, the S corporation’s COD income deferred under § 108(i) that has not been included in income in the current or prior taxable years); (d) OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(2)(A)(ii); (e) OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(5)(D); and (f) OID deduction deferred under § 108(i)(2)(A)(i) that has not been deducted in the current or prior taxable years. Where can i do my state taxes online for free (3) Election attached. Where can i do my state taxes online for free Includes a copy of the election statement described in section 4. Where can i do my state taxes online for free 05 of this revenue procedure. Where can i do my state taxes online for free . Where can i do my state taxes online for free 03 Additional Annual Reporting Requirements for Certain Partnerships. Where can i do my state taxes online for free The rules of this section 5. Where can i do my state taxes online for free 03 apply to partnerships other than partnerships described in section 5. Where can i do my state taxes online for free 05 of this revenue procedure. Where can i do my state taxes online for free (1) In general. Where can i do my state taxes online for free A partnership that makes an election under § 108(i) (except for a protective election under section 4. Where can i do my state taxes online for free 11(1) of this revenue procedure) must attach to its federal income tax returns the statements required under section 5. Where can i do my state taxes online for free 01 of this revenue procedure. Where can i do my state taxes online for free In addition, for each taxable year in which a statement is required under section 5. Where can i do my state taxes online for free 01 of this revenue procedure, the partnership must report on the Schedule K-1 (Form 1065 or Form 1065-B) for each partner § 108(i) information in the manner described in section 4. Where can i do my state taxes online for free 07(1) of this revenue procedure. Where can i do my state taxes online for free (2) Annual information statements provided to partners. Where can i do my state taxes online for free The partnership must attach to the Schedule K-1 (Form 1065) provided to each partner for each taxable year in which a statement is required under section 5. Where can i do my state taxes online for free 01 of this revenue procedure, a statement meeting the requirements of this section 5. Where can i do my state taxes online for free 03(2). Where can i do my state taxes online for free The partnership should not attach these statements to the Schedules K-1 that are filed with the Service, but must retain these statements, and each partner must retain that partner’s statement, in their respective books and records. Where can i do my state taxes online for free A statement meets the requirements of this section 5. Where can i do my state taxes online for free 03(2) if the statement— (a) Label. Where can i do my state taxes online for free States “Section 108(i) Annual Information Statement for Partners” across the top of the statement. Where can i do my state taxes online for free (b) Required information. Where can i do my state taxes online for free Clearly identifies for each applicable debt instrument to which a § 108(i) election applies— (i) The partner’s deferred amount that has not been included in income as of the end of the prior taxable year; (ii) The partner’s deferred amount that the partner must include in income in the current taxable year under § 108(i)(1); (iii) The partner’s deferred amount that the partner must include in income in the current taxable year under § 108(i)(5)(D)(i) or (ii); (iv) The partner’s deferred amount that has not been included in income in the current or prior taxable years; (v) The partner’s share of the partnership’s OID deduction deferred under § 108(i)(2)(A)(i) in the current taxable year; (vi) The partner’s share of the partnership’s OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(2)(A)(ii); (vii) The partner’s share of the partnership’s OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(5)(D)(i) or (ii); (viii) The partner’s share of the partnership’s OID deduction deferred under § 108(i)(2)(A)(i) that has not been deducted in the current or prior taxable years; and (ix) The partner’s deferred § 752 amount that is treated as a distribution of money to the partner under § 752 in the current taxable year and any remaining deferred § 752 amount. Where can i do my state taxes online for free If a partner fails to provide the written statement required by section 4. Where can i do my state taxes online for free 07(3) of this revenue procedure, the partnership must indicate that the amounts described in this section 5. Where can i do my state taxes online for free 03(2)(b)(ix) cannot be calculated because the partner did not provide the information necessary to report these amounts. Where can i do my state taxes online for free . Where can i do my state taxes online for free 04 Additional Annual Reporting Requirements for an S Corporation. Where can i do my state taxes online for free (1) In general. Where can i do my state taxes online for free An S corporation that makes an election under § 108(i) (except for a protective election under section 4. Where can i do my state taxes online for free 11(1) of this revenue procedure) must attach to its federal income tax returns the statements required under section 5. Where can i do my state taxes online for free 01 of this revenue procedure. Where can i do my state taxes online for free In addition, for each taxable year in which a statement is required under section 5. Where can i do my state taxes online for free 01 of this revenue procedure, the S corporation must report on the Schedule K-1 (Form 1120S) for each shareholder § 108(i) information in the manner described in section 4. Where can i do my state taxes online for free 08(1) of this revenue procedure. Where can i do my state taxes online for free (2) Annual information statements provided to shareholders. Where can i do my state taxes online for free The S corporation must attach to the Schedule K-1 (Form 1120S) provided to each shareholder for each taxable year in which a statement is required under section 5. Where can i do my state taxes online for free 01 of this revenue procedure a statement meeting the requirements of this section 5. Where can i do my state taxes online for free 04(2). Where can i do my state taxes online for free The S corporation should not attach these statements to the Schedules K-1 that are filed with the Service, but must retain these statements, and each shareholder must retain that shareholder’s statement, in their respective books and records. Where can i do my state taxes online for free A statement meets the requirements of this section 5. Where can i do my state taxes online for free 04(2) if the statement— (a) Label. Where can i do my state taxes online for free States “Section 108(i) Annual Information Statement for Shareholders” across the top; (b) Required information. Where can i do my state taxes online for free Clearly identifies for each applicable debt instrument to which an election under § 108(i) applies, the shareholder’s share of the S corporation’s— (i) COD income deferred under § 108(i) that has not been included in income as of the end of the prior taxable year; (ii) COD income deferred under § 108(i) that the shareholder must include in income in the current taxable year under § 108(i)(1); (iii) COD income deferred under § 108(i) that the shareholder must include in income in the current taxable year under § 108(i)(5)(D)(i) or (ii); (iv) COD income deferred under § 108(i) that has not been included in income in the current or prior taxable years; (v) OID deduction deferred under § 108(i)(2)(A)(i) in the current taxable year; (vi) OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(2)(A)(ii); (vii) OID deduction deferred under § 108(i)(2)(A)(i) that is allowable as a deduction in the current taxable year under § 108(i)(5)(D)(i) or (ii); and (viii) OID deduction deferred under § 108(i)(2)(A)(i) that has not been deducted in the current or prior taxable years. Where can i do my state taxes online for free . Where can i do my state taxes online for free 05 Additional Annual Reporting Requirements for Certain Foreign Partnerships. Where can i do my state taxes online for free (1) The rules of this section 5. Where can i do my state taxes online for free 05 apply to nonfiling foreign partnerships. Where can i do my state taxes online for free (2) A nonfiling foreign partnership that makes an election under § 108(i) (except for a protective election under section 4. Where can i do my state taxes online for free 11(1) of this revenue procedure) must file federal income tax returns with the Service containing the information under § 1. Where can i do my state taxes online for free 6031(a)-1(b)(5) for each taxable year in which a statement is required by section 5. Where can i do my state taxes online for free 01 of this revenue procedure. Where can i do my state taxes online for free (3) The nonfiling foreign partnership must attach to its federal income tax returns the statements required under section 5. Where can i do my state taxes online for free 01 of this revenue procedure, but only for that portion of the COD income allocated to affected partners. Where can i do my state taxes online for free (4) For each taxable year in which a statement is required under section 5. Where can i do my state taxes online for free 01 of this revenue procedure, the nonfiling foreign partnership must provide each affected partner a Schedule K-1 (Form 1065) reporting § 108(i) information in the manner described in section 4. Where can i do my state taxes online for free 07(1) of this revenue procedure. Where can i do my state taxes online for free Except for this § 108(i) information, the partnership need not complete Part III of the Schedule K-1 (Form 1065). Where can i do my state taxes online for free The partnership must provide each affected partner with a copy of the Schedule K-1 (Form 1065) by the date provided in § 1. Where can i do my state taxes online for free 6031(b)-1T(b). Where can i do my state taxes online for free The partnership must attach the Schedules K-1 (Form 1065) to the federal income tax returns filed with the Service pursuant to section 5. Where can i do my state taxes online for free 05(2) of this revenue procedure. Where can i do my state taxes online for free (5) For each taxable year for which a statement is required under section 5. Where can i do my state taxes online for free 01 of this revenue procedure, the nonfiling foreign partnership must attach to each affected partner’s Schedule K-1 (Form 1065) a statement meeting the requirements of section 5. Where can i do my state taxes online for free 03(2) of this revenue procedure. Where can i do my state taxes online for free The partnership should not attach these statements to the Schedules K-1 that are filed with the Service, but must retain the statements, and each partner must retain that partner’s statement, in their respective books and records. Where can i do my state taxes online for free . Where can i do my state taxes online for free 06 Information Statements Made on Behalf of Certain Foreign Corporations. Where can i do my state taxes online for free Each controlling domestic shareholder must attach a statement identifying the foreign corporation and meeting the requirements of section 5. Where can i do my state taxes online for free 02 of this revenue procedure to the shareholder’s federal income tax return for each taxable year for which a statement is required under section 5. Where can i do my state taxes online for free 01 of this revenue procedure. Where can i do my state taxes online for free . Where can i do my state taxes online for free 07 Additional Annual Reporting Requirements for Tiered Pass-Through Entities. Where can i do my state taxes online for free (1) A partnership required to file a U. Where can i do my state taxes online for free S. Where can i do my state taxes online for free partnership return other than under § 1. Where can i do my state taxes online for free 6031(a)-1(b)(5), or an S corporation, that receives a Schedule K-1 (Form 1065 or Form 1065-B) described in the second sentence of section 5. Where can i do my state taxes online for free 03(1) of this revenue procedure reflecting its share of any § 108(i) information must report on the Schedules K-1 (Form 1065, Form 1065-B, or Form 1120S) to its partners or shareholders, as the case may be, each partner’s or shareholder’s share of those items (an S corporation only reports to its shareholders the items described in section 4. Where can i do my state taxes online for free 07(1)(a) through (d) of this revenue procedure). Where can i do my state taxes online for free (2) If a partnership described in section 5. Where can i do my state taxes online for free 07(1) of this revenue procedure receives a statement described in sections 5. Where can i do my state taxes online for free 03(2) or 5. Where can i do my state taxes online for free 05(5) of this revenue procedure or this section 5. Where can i do my state taxes online for free 07(2), it must provide each of its partners a statement containing the partner’s share of each of the items listed on each statement received by the partnership. Where can i do my state taxes online for free If an S corporation receives a statement described in sections 5. Where can i do my state taxes online for free 03(2) or 5. Where can i do my state taxes online for free 05(5) of this revenue procedure or this section 5. Where can i do my state taxes online for free 07(2), it must provide each of its shareholders a statement containing the shareholder’s share of each of the items listed on each statement received by the S corporation that are described in section 5. Where can i do my state taxes online for free 03(2)(b)(i) through (viii) of this revenue procedure. Where can i do my state taxes online for free The partnership or S corporation must attach the statement or statements to the Schedule K-1 (Form 1065 or Form 1065-B) or Schedule K-1 (Form 1120S) that is provided to each of its partners or shareholders, as the case may be, for the taxable year of the partnership or S corporation. Where can i do my state taxes online for free The partnership or S corporation should not attach these statements to the Schedules K-1 that are filed with the Service, but must retain these statements, and each partner and shareholder must retain that partner’s or shareholder’s statement, in their respective books and records. Where can i do my state taxes online for free (3) This paragraph 5. Where can i do my state taxes online for free 07(3) provides the rules for persons described in section 4. Where can i do my state taxes online for free 12(6) of this revenue procedure if the foreign partnership, for which the Category 1 or 2 filer has a filing requirement, receives a Schedule K-1 (Form 1065 or Form 1065-B) reflecting the partnership’s share of any items described in the second sentence of section 5. Where can i do my state taxes online for free 03(1) of this revenue procedure, or a statement described in sections 5. Where can i do my state taxes online for free 03(2) or 5. Where can i do my state taxes online for free 05(5) of this revenue procedure (because the foreign partnership owns an interest directly or indirectly in another partnership in which an election was made under § 108(i) with respect to that foreign partnership’s distributive share from the other entity). Where can i do my state taxes online for free (a) For each partner for whom the Category 1 filer is required to complete a Schedule K-1 (Form 8865) (which includes the Category 1 filer itself), the Category 1 filer must: (i) Include the information described in section 4. Where can i do my state taxes online for free 07(1) of this revenue procedure in the Schedule K-1 (Form 8865) that the Category 1 filer files with the Service and completes for the partner; (ii) Produce a statement containing the partner’s share of the items listed on each statement received by the partnership; and (iii) Attach the statement described in section 5. Where can i do my state taxes online for free 07(3)(a)(ii) of this revenue procedure to each Schedule K-1 (Form 8865) that it is required to provide to a partner of the foreign partnership. Where can i do my state taxes online for free (b) A Category 2 filer must include its share of the information described in section 4. Where can i do my state taxes online for free 07(1) on the Schedule K-1 (Form 8865) that it is required to complete. Where can i do my state taxes online for free Category 2 filers also must complete a statement containing their share of the items listed on each statement received by the partnership. Where can i do my state taxes online for free (c) The Category 1 and Category 2 filers should not attach the statements described in sections 5. Where can i do my state taxes online for free 07(3)(a)(ii) and 5. Where can i do my state taxes online for free 07(3)(b) of this revenue procedure, respectively, to the Schedules K-1 that are filed with the Service. Where can i do my state taxes online for free However, Category 1 filers must retain the statements they complete and each partner must retain its own statement, in their respective books and records. Where can i do my state taxes online for free (4) If as a result of § 108(i)(5)(D)(ii), a partner of a partnership described in section 5. Where can i do my state taxes online for free 07(1) of this revenue procedure or a shareholder of an S corporation described in section 5. Where can i do my state taxes online for free 07(1) of this revenue procedure must recognize items deferred under § 108(i), the partnership or S corporation must report these items on the Schedule K-1 (Form 1065, Form 1065-B, or Form 1120S) and statements provided to the partner or shareholder pursuant to section 5. Where can i do my state taxes online for free 07(1) and (2) of this revenue procedure. Where can i do my state taxes online for free Similar rules apply to Category 1 and Category 2 filers (Form 8865) described in section 4. Where can i do my state taxes online for free 12(6) of this revenue procedure. Where can i do my state taxes online for free SECTION 6. Where can i do my state taxes online for free EFFECTIVE DATE This revenue procedure is effective for reacquisitions of applicable debt instruments in taxable years ending after December 31, 2008. Where can i do my state taxes online for free SECTION 7. Where can i do my state taxes online for free TRANSITION RULE . Where can i do my state taxes online for free 01 Noncomplying Election. Where can i do my state taxes online for free Except as otherwise provided in this section 7. Where can i do my state taxes online for free 01, the Service will treat a § 108(i) election as effective if a taxpayer files an election with the taxpayer’s federal income tax return filed on or before September 16, 2009, using any reasonable procedure to make the election. Where can i do my state taxes online for free However, an election that does not comply with section 4 of this revenue procedure will not be effective unless the taxpayer on or before November 16, 2009, files an amended return for the taxable year of the election and complies with the requirements of section 4 of this revenue procedure. Where can i do my state taxes online for free . Where can i do my state taxes online for free 02 Modification of Election. Where can i do my state taxes online for free A taxpayer that files a § 108(i) election on or before September 16, 2009, may modify that election by filing an amended return on or before November 16, 2009 (for example, to modify the amount of COD income the taxpayer elects to defer). Where can i do my state taxes online for free To be effective, a modification of an election described in the preceding sentence must satisfy the requirements for an election described in section 4 of this revenue procedure. Where can i do my state taxes online for free . Where can i do my state taxes online for free 03 Notations. Where can i do my state taxes online for free A taxpayer that files the amended return on paper must write “Section 108(i) Election” on the top of the first page. Where can i do my state taxes online for free A taxpayer that files the amended return electronically should indicate “Section 108(i) Election” on the return. Where can i do my state taxes online for free See Publication 4163, Modernized e-File (MeF) Information for Authorized IRS e-file Providers for Business Returns Tax Year 2008 for more details. Where can i do my state taxes online for free SECTION 8. Where can i do my state taxes online for free PAPERWORK REDUCTION ACT The collection of information contained in this revenue procedure has been reviewed and approved by the Office of Management and Budget in accordance with the Paperwork Reduction Act (44 U. Where can i do my state taxes online for free S. Where can i do my state taxes online for free C. Where can i do my state taxes online for free 3507) under control number 1545-2147. Where can i do my state taxes online for free An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Where can i do my state taxes online for free The collection of information in this revenue procedure is in sections 4, 5 and 7. Where can i do my state taxes online for free This information is required to determine the amount of income and deductions a taxpayer elects to defer and to track those amounts until the taxpayer has reported all deferred income and deductions on the taxpayer’s tax return. Where can i do my state taxes online for free This information will be used during examination to verify that a taxpayer has correctly deferred income and deductions. Where can i do my state taxes online for free The collection of information is required to obtain a benefit. Where can i do my state taxes online for free The likely respondents are C corporations, shareholders of S corporations, partners of partnerships, and other individuals engaged in a trade or business, that reacquire applicable debt instruments in 2009 or 2010. Where can i do my state taxes online for free The estimated total annual reporting burden is 300,000 hours. Where can i do my state taxes online for free The estimated annual burden per respondent varies from 1 to 8 hours, depending on individual circumstances, with an estimated average of 6 hours. Where can i do my state taxes online for free The estimated number of respondents is 50,000. Where can i do my state taxes online for free Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Where can i do my state taxes online for free Generally, tax returns and return information are confidential, as required by § 6103. Where can i do my state taxes online for free DRAFTING INFORMATION The principal authors of this revenue procedure are Megan A. Where can i do my state taxes online for free Stoner of the Office of Associate Chief Counsel (Passthroughs & Special Industries) and Craig Wojay of the Office of Associate Chief Counsel (Income Tax & Accounting). Where can i do my state taxes online for free For further information regarding this revenue procedure, contact Megan A. Where can i do my state taxes online for free Stoner at (202) 622-3070 for questions involving partnerships and S corporations, William E. Where can i do my state taxes online for free Blanchard at (202) 622-3950 for questions involving OID, Ronald M. Where can i do my state taxes online for free Gootzeit at (202) 622-3860 for questions involving foreign entities, Robert Rhyne at (202) 622-7790 for questions involving earnings and profits and consolidated groups, and Craig Wojay at (202) 622-4920 for questions on § 108(i) generally (not toll-free calls). Where can i do my state taxes online for free Prev  Up  Next   Home   More Internal Revenue Bulletins