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Www myfreetaxes com philly 3. Www myfreetaxes com philly   Investment Expenses Table of Contents Topics - This chapter discusses: Useful Items - You may want to see: Limits on DeductionsPassive activity. Www myfreetaxes com philly Other income (nonpassive income). Www myfreetaxes com philly Expenses. Www myfreetaxes com philly Additional information. Www myfreetaxes com philly Interest ExpensesInvestment Interest Limit on Deduction Bond Premium AmortizationSpecial rules to determine amounts payable on a bond. Www myfreetaxes com philly Basis. Www myfreetaxes com philly How To Figure Amortization Choosing To Amortize How To Report Amortization Expenses of Producing IncomeFees to buy or sell. Www myfreetaxes com philly Including mutual fund or REMIC expenses in income. Www myfreetaxes com philly Nondeductible ExpensesUsed as collateral. Www myfreetaxes com philly Short-sale expenses. Www myfreetaxes com philly Expenses for both tax-exempt and taxable income. Www myfreetaxes com philly State income taxes. Www myfreetaxes com philly Nondeductible amount. Www myfreetaxes com philly Basis adjustment. Www myfreetaxes com philly How To Report Investment Expenses When To Report Investment Expenses Topics - This chapter discusses: Limits on Deductions , Interest Expenses , Bond Premium Amortization , Expenses of Producing Income , Nondeductible Expenses , How To Report Investment Expenses , and When To Report Investment Expenses . Www myfreetaxes com philly Useful Items - You may want to see: Publication 535 Business Expenses 925 Passive Activity and At-Risk Rules 929 Tax Rules for Children and Dependents Form (and Instructions) Schedule A (Form 1040) Itemized Deductions 4952 Investment Interest Expense Deduction See chapter 5, How To Get Tax Help , for information about getting these publications and forms. Www myfreetaxes com philly Limits on Deductions Your deductions for investment expenses may be limited by: The at-risk rules, The passive activity loss limits, The limit on investment interest, or The 2% limit on certain miscellaneous itemized deductions. Www myfreetaxes com philly The at-risk rules and passive activity rules are explained briefly in this section. Www myfreetaxes com philly The limit on investment interest is explained later in this chapter under Interest Expenses . Www myfreetaxes com philly The 2% limit is explained later in this chapter under Expenses of Producing Income . Www myfreetaxes com philly At-risk rules. Www myfreetaxes com philly   Special at-risk rules apply to most income-producing activities. Www myfreetaxes com philly These rules limit the amount of loss you can deduct to the amount you risk losing in the activity. Www myfreetaxes com philly Generally, this is the cash and the adjusted basis of property you contribute to the activity. Www myfreetaxes com philly It also includes money you borrow for use in the activity if you are personally liable for repayment or if you use property not used in the activity as security for the loan. Www myfreetaxes com philly For more information, see Publication 925. Www myfreetaxes com philly Passive activity losses and credits. Www myfreetaxes com philly   The amount of losses and tax credits you can claim from passive activities is limited. Www myfreetaxes com philly Generally, you are allowed to deduct passive activity losses only up to the amount of your passive activity income. Www myfreetaxes com philly Also, you can use credits from passive activities only against tax on the income from passive activities. Www myfreetaxes com philly There are exceptions for certain activities, such as rental real estate activities. Www myfreetaxes com philly Passive activity. Www myfreetaxes com philly   A passive activity generally is any activity involving the conduct of any trade or business in which you do not materially participate and any rental activity. Www myfreetaxes com philly However, if you are involved in renting real estate, the activity is not a passive activity if both of the following are true. Www myfreetaxes com philly More than one-half of the personal services you perform during the year in all trades or businesses are performed in real property trades or businesses in which you materially participate. Www myfreetaxes com philly You perform more than 750 hours of services during the year in real property trades or businesses in which you materially participate. Www myfreetaxes com philly  The term “trade or business” generally means any activity that involves the conduct of a trade or business, is conducted in anticipation of starting a trade or business, or involves certain research or experimental expenditures. Www myfreetaxes com philly However, it does not include rental activities or certain activities treated as incidental to holding property for investment. Www myfreetaxes com philly   You are considered to materially participate in an activity if you are involved on a regular, continuous, and substantial basis in the operations of the activity. Www myfreetaxes com philly Other income (nonpassive income). Www myfreetaxes com philly    Generally, you can use losses from passive activities only to offset income from passive activities. Www myfreetaxes com philly You cannot use passive activity losses to offset your other income, such as your wages or your portfolio income. Www myfreetaxes com philly Portfolio income includes gross income from interest, dividends, annuities, or royalties that is not derived in the ordinary course of a trade or business. Www myfreetaxes com philly It also includes gains or losses (not derived in the ordinary course of a trade or business) from the sale or trade of property (other than an interest in a passive activity) producing portfolio income or held for investment. Www myfreetaxes com philly This includes capital gain distributions from mutual funds (and other regulated investment companies) and real estate investment trusts. Www myfreetaxes com philly   You cannot use passive activity losses to offset Alaska Permanent Fund dividends. Www myfreetaxes com philly Expenses. Www myfreetaxes com philly   Do not include in the computation of your passive activity income or loss: Expenses (other than interest) that are clearly and directly allocable to your portfolio income, or Interest expense properly allocable to portfolio income. Www myfreetaxes com philly However, this interest and other expenses may be subject to other limits. Www myfreetaxes com philly These limits are explained in the rest of this chapter. Www myfreetaxes com philly Additional information. Www myfreetaxes com philly   For more information about determining and reporting income and losses from passive activities, see Publication 925. Www myfreetaxes com philly Interest Expenses This section discusses interest expenses you may be able to deduct as an investor. Www myfreetaxes com philly For information on business interest, see chapter 4 of Publication 535. Www myfreetaxes com philly You cannot deduct personal interest expenses other than qualified home mortgage interest, as explained in Publication 936, Home Mortgage Interest Deduction, and interest on certain student loans, as explained in Publication 970. Www myfreetaxes com philly Investment Interest If you borrow money to buy property you hold for investment, the interest you pay is investment interest. Www myfreetaxes com philly You can deduct investment interest subject to the limit discussed later. Www myfreetaxes com philly However, you cannot deduct interest you incurred to produce tax-exempt income. Www myfreetaxes com philly See Tax-exempt income under Nondeductible Expenses, later. Www myfreetaxes com philly You also cannot deduct interest expenses on straddles discussed under Interest expense and carrying charges on straddles , later. Www myfreetaxes com philly Investment interest does not include any qualified home mortgage interest or any interest taken into account in computing income or loss from a passive activity. Www myfreetaxes com philly Investment property. Www myfreetaxes com philly   Property held for investment includes property that produces interest, dividends, annuities, or royalties not derived in the ordinary course of a trade or business. Www myfreetaxes com philly It also includes property that produces gain or loss (not derived in the ordinary course of a trade or business) from the sale or trade of property producing these types of income or held for investment (other than an interest in a passive activity). Www myfreetaxes com philly Investment property also includes an interest in a trade or business activity in which you did not materially participate (other than a passive activity). Www myfreetaxes com philly Partners, shareholders, and beneficiaries. Www myfreetaxes com philly   To determine your investment interest, combine your share of investment interest from a partnership, S corporation, estate, or trust with your other investment interest. Www myfreetaxes com philly Allocation of Interest Expense If you borrow money for business or personal purposes as well as for investment, you must allocate the debt among those purposes. Www myfreetaxes com philly Only the interest expense on the part of the debt used for investment purposes is treated as investment interest. Www myfreetaxes com philly The allocation is not affected by the use of property that secures the debt. Www myfreetaxes com philly Example 1. Www myfreetaxes com philly You borrow $10,000 and use $8,000 to buy stock. Www myfreetaxes com philly You use the other $2,000 to buy items for your home. Www myfreetaxes com philly Since 80% of the debt is used for, and allocated to, investment purposes, 80% of the interest on that debt is investment interest. Www myfreetaxes com philly The other 20% is nondeductible personal interest. Www myfreetaxes com philly Debt proceeds received in cash. Www myfreetaxes com philly   If you receive debt proceeds in cash, the proceeds are generally not treated as investment property. Www myfreetaxes com philly Debt proceeds deposited in account. Www myfreetaxes com philly   If you deposit debt proceeds in an account, that deposit is treated as investment property, regardless of whether the account bears interest. Www myfreetaxes com philly But, if you withdraw the funds and use them for another purpose, you must reallocate the debt to determine the amount considered to be for investment purposes. Www myfreetaxes com philly Example 2. Www myfreetaxes com philly Assume in Example 1 that you borrowed the money on March 1 and immediately bought the stock for $8,000. Www myfreetaxes com philly You did not buy the household items until June 1. Www myfreetaxes com philly You had deposited the $2,000 in the bank. Www myfreetaxes com philly You had no other transactions on the bank account until June. Www myfreetaxes com philly You did not sell the stock, and you made no principal payments on the debt. Www myfreetaxes com philly You paid interest from another account. Www myfreetaxes com philly The $8,000 is treated as being used for an investment purpose. Www myfreetaxes com philly The $2,000 is treated as being used for an investment purpose for the 3-month period. Www myfreetaxes com philly Your total interest expense for 3 months on this debt is investment interest. Www myfreetaxes com philly In June, when you spend the $2,000 for household items, you must begin to allocate 80% of the debt and the interest expense to investment purposes and 20% to personal purposes. Www myfreetaxes com philly Amounts paid within 30 days. Www myfreetaxes com philly   If you receive loan proceeds in cash or if the loan proceeds are deposited in an account, you can treat any payment (up to the amount of the proceeds) made from any account you own, or from cash, as made from those proceeds. Www myfreetaxes com philly This applies to any payment made within 30 days before or after the proceeds are received in cash or deposited in your account. Www myfreetaxes com philly   If you received the loan proceeds in cash, you can treat the payment as made on the date you received the cash instead of the date you actually made the payment. Www myfreetaxes com philly Payments on debt may require new allocation. Www myfreetaxes com philly   As you repay a debt used for more than one purpose, you must reallocate the balance. Www myfreetaxes com philly You must first reduce the amount allocated to personal purposes by the repayment. Www myfreetaxes com philly You then reallocate the rest of the debt to find what part is for investment purposes. Www myfreetaxes com philly Example 3. Www myfreetaxes com philly If, in Example 2 , you repay $500 on November 1, the entire repayment is applied against the amount allocated to personal purposes. Www myfreetaxes com philly The debt balance is now allocated as $8,000 for investment purposes and $1,500 for personal purposes. Www myfreetaxes com philly Until the next reallocation is necessary, 84% ($8,000 ÷ $9,500) of the debt and the interest expense is allocated to investment. Www myfreetaxes com philly Pass-through entities. Www myfreetaxes com philly   If you use borrowed funds to buy an interest in a partnership or S corporation, then the interest on those funds must be allocated based on the assets of the entity. Www myfreetaxes com philly If you contribute to the capital of the entity, you can make the allocation using any reasonable method. Www myfreetaxes com philly Additional allocation rules. Www myfreetaxes com philly   For more information about allocating interest expense, see chapter 4 of Publication 535. Www myfreetaxes com philly When To Deduct Investment Interest If you use the cash method of accounting, you must pay the interest before you can deduct it. Www myfreetaxes com philly If you use an accrual method of accounting, you can deduct interest over the period it accrues, regardless of when you pay it. Www myfreetaxes com philly For an exception, see Unpaid expenses owed to related party under When To Report Investment Expenses, later in this chapter. Www myfreetaxes com philly Example. Www myfreetaxes com philly You borrowed $1,000 on August 26, 2013, payable in 90 days at 12% interest. Www myfreetaxes com philly On November 26, 2013, you paid this with a new note for $1,030, due on February 26, 2014. Www myfreetaxes com philly If you use the cash method of accounting, you cannot deduct any part of the $30 interest on your return for 2013 because you did not actually pay it. Www myfreetaxes com philly If you use an accrual method, you may be able to deduct a portion of the interest on the loans through December 31, 2013, on your return for 2013. Www myfreetaxes com philly Interest paid in advance. Www myfreetaxes com philly   Generally, if you pay interest in advance for a period that goes beyond the end of the tax year, you must spread the interest over the tax years to which it belongs under the OID rules discussed in chapter 1. Www myfreetaxes com philly You can deduct in each year only the interest for that year. Www myfreetaxes com philly Interest on margin accounts. Www myfreetaxes com philly   If you are a cash method taxpayer, you can deduct interest on margin accounts to buy taxable securities as investment interest in the year you paid it. Www myfreetaxes com philly You are considered to have paid interest on these accounts only when you actually pay the broker or when payment becomes available to the broker through your account. Www myfreetaxes com philly Payment may become available to the broker through your account when the broker collects dividends or interest for your account, or sells securities held for you or received from you. Www myfreetaxes com philly   You cannot deduct any interest on money borrowed for personal reasons. Www myfreetaxes com philly Limit on interest deduction for market discount bonds. Www myfreetaxes com philly   The amount you can deduct for interest expense you paid or accrued during the year to buy or carry a market discount bond may be limited. Www myfreetaxes com philly This limit does not apply if you accrue the market discount and include it in your income currently. Www myfreetaxes com philly   Under this limit, the interest is deductible only to the extent it is more than: The total interest and OID includible in gross income for the bond for the year, plus The market discount for the number of days you held the bond during the year. Www myfreetaxes com philly Figure the amount in (2) above using the rules for figuring accrued market discount in chapter 1 under Market Discount Bonds . Www myfreetaxes com philly Interest not deducted due to limit. Www myfreetaxes com philly   In the year you dispose of the bond, you can deduct any interest expense you were not allowed to deduct in earlier years because of the limit. Www myfreetaxes com philly Choosing to deduct disallowed interest expense before the year of disposition. Www myfreetaxes com philly   You can choose to deduct disallowed interest expense in any year before the year you dispose of the bond, up to your net interest income from the bond during the year. Www myfreetaxes com philly The rest of the disallowed interest expense remains deductible in the year you dispose of the bond. Www myfreetaxes com philly Net interest income. Www myfreetaxes com philly   This is the interest income (including OID) from the bond that you include in income for the year, minus the interest expense paid or accrued during the year to purchase or carry the bond. Www myfreetaxes com philly Limit on interest deduction for short-term obligations. Www myfreetaxes com philly   If the current income inclusion rules discussed in chapter 1 under Discount on Short-Term Obligations do not apply to you, the amount you can deduct for interest expense you paid or accrued during the year to buy or carry a short-term obligation is limited. Www myfreetaxes com philly   The interest is deductible only to the extent it is more than: The amount of acquisition discount or OID on the obligation for the tax year, plus The amount of any interest payable on the obligation for the year that is not included in income because of your accounting method (other than interest taken into account in determining the amount of acquisition discount or OID). Www myfreetaxes com philly The method of determining acquisition discount and OID for short-term obligations is discussed in chapter 1 under Discount on Short-Term Obligations . Www myfreetaxes com philly Interest not deducted due to limit. Www myfreetaxes com philly   In the year you dispose of the obligation, or, if you choose, in another year in which you have net interest income from the obligation, you can deduct any interest expense you were not allowed to deduct for an earlier year because of the limit. Www myfreetaxes com philly Follow the same rules provided in the earlier discussion under Limit on interest deduction for market discount bonds , earlier. Www myfreetaxes com philly Limit on Deduction Generally, your deduction for investment interest expense is limited to your net investment income. Www myfreetaxes com philly You can carry over the amount of investment interest you could not deduct because of this limit to the next tax year. Www myfreetaxes com philly The interest carried over is treated as investment interest paid or accrued in that next year. Www myfreetaxes com philly You can carry over disallowed investment interest to the next tax year even if it is more than your taxable income in the year the interest was paid or accrued. Www myfreetaxes com philly Net Investment Income Determine the amount of your net investment income by subtracting your investment expenses (other than interest expense) from your investment income. Www myfreetaxes com philly Investment income. Www myfreetaxes com philly   This generally includes your gross income from property held for investment (such as interest, dividends, annuities, and royalties). Www myfreetaxes com philly Investment income does not include Alaska Permanent Fund dividends. Www myfreetaxes com philly It also does not include qualified dividends or net capital gain unless you choose to include them. Www myfreetaxes com philly Choosing to include qualified dividends. Www myfreetaxes com philly   Investment income generally does not include qualified dividends, discussed in chapter 1. Www myfreetaxes com philly However, you can choose to include all or part of your qualified dividends in investment income. Www myfreetaxes com philly   You make this choice by completing Form 4952, line 4g, according to its instructions. Www myfreetaxes com philly   If you choose to include any of your qualified dividends in investment income, you must reduce your qualified dividends that are eligible for the lower capital gains tax rates by the same amount. Www myfreetaxes com philly Choosing to include net capital gain. Www myfreetaxes com philly    Investment income generally does not include net capital gain from disposing of investment property (including capital gain distributions from mutual funds). Www myfreetaxes com philly However, you can choose to include all or part of your net capital gain in investment income. Www myfreetaxes com philly   You make this choice by completing Form 4952, line 4g, according to its instructions. Www myfreetaxes com philly   If you choose to include any of your net capital gain in investment income, you must reduce your net capital gain that is eligible for the lower capital gains tax rates by the same amount. Www myfreetaxes com philly   For more information about the capital gains rates, see Capital Gain Tax Rates in chapter 4. Www myfreetaxes com philly    Before making either choice, consider the overall effect on your tax liability. Www myfreetaxes com philly Compare your tax if you make one or both of these choices with your tax if you do not. Www myfreetaxes com philly Investment income of child reported on parent's return. Www myfreetaxes com philly   Investment income includes the part of your child's interest and dividend income you choose to report on your return. Www myfreetaxes com philly If the child does not have qualified dividends, Alaska Permanent Fund dividends, or capital gain distributions, this is the amount on line 6 of Form 8814. Www myfreetaxes com philly Include it on line 4a of Form 4952. Www myfreetaxes com philly Example. Www myfreetaxes com philly Your 8-year-old son has interest income of $2,200, which you choose to report on your own return. Www myfreetaxes com philly You enter $2,200 on Form 8814, lines 1a and 4, and $200 on lines 6 and 12 and complete Part II. Www myfreetaxes com philly Also enter $200 on Form 1040, line 21. Www myfreetaxes com philly Your investment income includes this $200. Www myfreetaxes com philly Child's qualified dividends. Www myfreetaxes com philly   If part of the amount you report is your child's qualified dividends, that part (which is reported on Form 1040, line 9b) generally does not count as investment income. Www myfreetaxes com philly However, you can choose to include all or part of it in investment income, as explained under Choosing to include qualified dividends , earlier. Www myfreetaxes com philly   Your investment income also includes the amount on Form 8814, line 12 (or, if applicable, the reduced amount figured next under Child's Alaska Permanent Fund dividends). Www myfreetaxes com philly Child's Alaska Permanent Fund dividends. Www myfreetaxes com philly   If part of the amount you report is your child's Alaska Permanent Fund dividends, that part does not count as investment income. Www myfreetaxes com philly To figure the amount of your child's income that you can consider your investment income, start with the amount on Form 8814, line 6. Www myfreetaxes com philly Multiply that amount by a percentage that is equal to the Alaska Permanent Fund dividends divided by the total amount on Form 8814, line 4. Www myfreetaxes com philly Subtract the result from the amount on Form 8814, line 12. Www myfreetaxes com philly Example. Www myfreetaxes com philly Your 10-year-old child has taxable interest income of $4,000 and Alaska Permanent Fund dividends of $2,000. Www myfreetaxes com philly You choose to report this on your return. Www myfreetaxes com philly You enter $4,000 on Form 8814, line 1a, $2,000 on line 2a, and $6,000 on line 4. Www myfreetaxes com philly You then enter $4,000 on Form 8814, lines 6 and 12, and Form 1040, line 21. Www myfreetaxes com philly You figure the amount of your child's income that you can consider your investment income as follows: $4,000 − ($4,000 × ($2,000 ÷ $6,000)) = $2,667 You include the result, $2,667, on Form 4952, line 4a. Www myfreetaxes com philly Child's capital gain distributions. Www myfreetaxes com philly   If part of the amount you report is your child's capital gain distributions, that part (which is reported on Schedule D (Form 1040), line 13, or Form 1040, line 13) generally does not count as investment income. Www myfreetaxes com philly However, you can choose to include all or part of it in investment income, as explained in Choosing to include net capital gain , earlier. Www myfreetaxes com philly   Your investment income also includes the amount on Form 8814, line 12 (or, if applicable, the reduced amount figured under Child's Alaska Permanent Fund dividends , earlier). Www myfreetaxes com philly Investment expenses. Www myfreetaxes com philly   Investment expenses are your allowed deductions (other than interest expense) directly connected with the production of investment income. Www myfreetaxes com philly Investment expenses that are included as a miscellaneous itemized deduction on Schedule A (Form 1040) are allowable deductions after applying the 2% limit that applies to miscellaneous itemized deductions. Www myfreetaxes com philly Use the smaller of: The investment expenses included on Schedule A (Form 1040), line 23, or The amount on Schedule A (Form 1040), line 27. Www myfreetaxes com philly See Expenses of Producing Income , later, for a discussion of the 2% limit. Www myfreetaxes com philly Losses from passive activities. Www myfreetaxes com philly   Income or expenses that you used in computing income or loss from a passive activity are not included in determining your investment income or investment expenses (including investment interest expense). Www myfreetaxes com philly See Publication 925 for information about passive activities. Www myfreetaxes com philly Example. Www myfreetaxes com philly Ted is a partner in a partnership that operates a business. Www myfreetaxes com philly However, he does not materially participate in the partnership's business. Www myfreetaxes com philly Ted's interest in the partnership is considered a passive activity. Www myfreetaxes com philly Ted's investment income from interest and dividends (other than qualified dividends) is $10,000. Www myfreetaxes com philly His investment expenses (other than interest) are $3,200 after taking into account the 2% limit on miscellaneous itemized deductions. Www myfreetaxes com philly His investment interest expense is $8,000. Www myfreetaxes com philly Ted also has income from the partnership of $2,000. Www myfreetaxes com philly Ted figures his net investment income and the limit on his investment interest expense deduction in the following way: Total investment income $10,000 Minus: Investment expenses (other than interest) 3,200 Net investment income $6,800 Deductible investment interest expense for the year $6,800 The $2,000 of income from the passive activity is not used in determining Ted's net investment income. Www myfreetaxes com philly His investment interest deduction for the year is limited to $6,800, the amount of his net investment income. Www myfreetaxes com philly Form 4952 Use Form 4952 to figure your deduction for investment interest. Www myfreetaxes com philly See Form 4952 for more information. Www myfreetaxes com philly Exception to use of Form 4952. Www myfreetaxes com philly   You do not have to complete Form 4952 or attach it to your return if you meet all of the following tests. Www myfreetaxes com philly Your investment interest expense is not more than your investment income from interest and ordinary dividends minus any qualified dividends. Www myfreetaxes com philly You do not have any other deductible investment expenses. Www myfreetaxes com philly You have no carryover of investment interest expense from 2012. Www myfreetaxes com philly   If you meet all of these tests, you can deduct all of your investment interest. Www myfreetaxes com philly    Bond Premium Amortization If you pay a premium to buy a bond, the premium is part of your basis in the bond. Www myfreetaxes com philly If the bond yields taxable interest, you can choose to amortize the premium. Www myfreetaxes com philly This generally means that each year, over the life of the bond, you use a part of the premium to reduce the amount of interest includible in your income. Www myfreetaxes com philly If you make this choice, you must reduce your basis in the bond by the amortization for the year. Www myfreetaxes com philly If the bond yields tax-exempt interest, you must amortize the premium. Www myfreetaxes com philly This amortized amount is not deductible in determining taxable income. Www myfreetaxes com philly However, each year you must reduce your basis in the bond (and tax-exempt interest otherwise reportable on Form 1040, line 8b) by the amortization for the year. Www myfreetaxes com philly Bond premium. Www myfreetaxes com philly   Bond premium is the amount by which your basis in the bond right after you get it is more than the total of all amounts payable on the bond after you get it (other than payments of qualified stated interest). Www myfreetaxes com philly For example, a bond with a maturity value of $1,000 generally would have a $50 premium if you buy it for $1,050. Www myfreetaxes com philly Special rules to determine amounts payable on a bond. Www myfreetaxes com philly   For special rules that apply to determine the amounts payable on a variable rate bond, an inflation-indexed debt instrument, a bond that provides for certain alternative payment schedules (for example, a bond callable prior to the stated maturity date of the bond), or a bond that provides for remote or incidental contingencies, see Regulations section 1. Www myfreetaxes com philly 171-3. Www myfreetaxes com philly Basis. Www myfreetaxes com philly   In general, your basis for figuring bond premium amortization is the same as your basis for figuring any loss on the sale of the bond. Www myfreetaxes com philly However, you may need to use a different basis for: Convertible bonds, Bonds you got in a trade, and Bonds whose basis has to be determined using the basis of the person who transferred the bond to you. Www myfreetaxes com philly See Regulations section 1. Www myfreetaxes com philly 171-1(e). Www myfreetaxes com philly Dealers. Www myfreetaxes com philly   A dealer in taxable bonds (or anyone who holds them mainly for sale to customers in the ordinary course of a trade or business or who would properly include bonds in inventory at the close of the tax year) cannot claim a deduction for amortizable bond premium. Www myfreetaxes com philly   See section 75 of the Internal Revenue Code for the treatment of bond premium by a dealer in tax-exempt bonds. Www myfreetaxes com philly How To Figure Amortization For bonds issued after September 27, 1985, you must amortize bond premium using a constant yield method on the basis of the bond's yield to maturity, determined by using the bond's basis and compounding at the close of each accrual period. Www myfreetaxes com philly Constant yield method. Www myfreetaxes com philly   Figure the bond premium amortization for each accrual period as follows. Www myfreetaxes com philly Step 1: Determine your yield. Www myfreetaxes com philly   Your yield is the discount rate that, when used in figuring the present value of all remaining payments to be made on the bond (including payments of qualified stated interest), produces an amount equal to your basis in the bond. Www myfreetaxes com philly Figure the yield as of the date you got the bond. Www myfreetaxes com philly It must be constant over the term of the bond and must be figured to at least two decimal places when expressed as a percentage. Www myfreetaxes com philly   If you do not know the yield, consult your broker or tax advisor. Www myfreetaxes com philly Databases available to them are likely to show the yield at the date of purchase. Www myfreetaxes com philly Step 2: Determine the accrual periods. Www myfreetaxes com philly   You can choose the accrual periods to use. Www myfreetaxes com philly They may be of any length and may vary in length over the term of the bond, but each accrual period can be no longer than 1 year and each scheduled payment of principal or interest must occur either on the first or the final day of an accrual period. Www myfreetaxes com philly The computation is simplest if accrual periods are the same as the intervals between interest payment dates. Www myfreetaxes com philly Step 3: Determine the bond premium for the accrual period. Www myfreetaxes com philly   To do this, multiply your adjusted acquisition price at the beginning of the accrual period by your yield. Www myfreetaxes com philly Then subtract the result from the qualified stated interest for the period. Www myfreetaxes com philly   Your adjusted acquisition price at the beginning of the first accrual period is the same as your basis. Www myfreetaxes com philly After that, it is your basis decreased by the amount of bond premium amortized for earlier periods and the amount of any payment previously made on the bond other than a payment of qualified stated interest. Www myfreetaxes com philly Example. Www myfreetaxes com philly On February 1, 2012, you bought a taxable bond for $110,000. Www myfreetaxes com philly The bond has a stated principal amount of $100,000, payable at maturity on February 1, 2019, making your premium $10,000 ($110,000 − $100,000). Www myfreetaxes com philly The bond pays qualified stated interest of $10,000 on February 1 of each year. Www myfreetaxes com philly Your yield is 8. Www myfreetaxes com philly 07439% compounded annually. Www myfreetaxes com philly You choose to use annual accrual periods ending on February 1 of each year. Www myfreetaxes com philly To find your bond premium amortization for the accrual period ending on February 1, 2013, you multiply the adjusted acquisition price at the beginning of the period ($110,000) by your yield. Www myfreetaxes com philly When you subtract the result ($8,881. Www myfreetaxes com philly 83) from the qualified stated interest for the period ($10,000), you find that your bond premium amortization for the period is $1,118. Www myfreetaxes com philly 17. Www myfreetaxes com philly Special rules to figure amortization. Www myfreetaxes com philly   For special rules to figure the bond premium amortization on a variable rate bond, an inflation-indexed debt instrument, a bond that provides for certain alternative payment schedules (for example, a bond callable prior to the stated maturity date of the bond), or a bond that provides for remote or incidental contingencies, see Regulations section 1. Www myfreetaxes com philly 171-3. Www myfreetaxes com philly Bonds Issued Before September 28, 1985 For these bonds, you can amortize bond premium using any reasonable method. Www myfreetaxes com philly Reasonable methods include: The straight-line method, and The Revenue Ruling 82-10 method. Www myfreetaxes com philly Straight-line method. Www myfreetaxes com philly   Under this method, the amount of your bond premium amortization is the same each month. Www myfreetaxes com philly Divide the number of months you held the bond during the year by the number of months from the beginning of the tax year (or, if later, the date of acquisition) to the date of maturity or earlier call date. Www myfreetaxes com philly Then multiply the result by the bond premium (reduced by any bond premium amortization claimed in earlier years). Www myfreetaxes com philly This gives you your bond premium amortization for the year. Www myfreetaxes com philly Revenue Ruling 82-10 method. Www myfreetaxes com philly   Under this method, the amount of your bond premium amortization increases each month over the life of the bond. Www myfreetaxes com philly This method is explained in Revenue Ruling 82-10, 1982-1 C. Www myfreetaxes com philly B. Www myfreetaxes com philly 46. Www myfreetaxes com philly Choosing To Amortize You choose to amortize the premium on taxable bonds by reporting the amortization for the year on your income tax return for the first tax year you want the choice to apply. Www myfreetaxes com philly You should attach a statement to your return that you are making this choice under section 171. Www myfreetaxes com philly See How To Report Amortization, next. Www myfreetaxes com philly This choice is binding for the year you make it and for later tax years. Www myfreetaxes com philly It applies to all taxable bonds you own in the year you make the choice and also to those you acquire in later years. Www myfreetaxes com philly You can change your decision to amortize bond premium only with the written approval of the IRS. Www myfreetaxes com philly To request approval, use Form 3115. Www myfreetaxes com philly For more information on requesting approval, see section 5 of the Appendix to Revenue Procedure 2011-14 in Internal Revenue Bulletin 2011-4. Www myfreetaxes com philly You can find Revenue Procedure 2011-14 at www. Www myfreetaxes com philly irs. Www myfreetaxes com philly gov/irb/2011-04_IRB/ar08. Www myfreetaxes com philly html. Www myfreetaxes com philly How To Report Amortization Subtract the bond premium amortization from your interest income from these bonds. Www myfreetaxes com philly Report the bond's interest on Schedule B (Form 1040A or 1040), line 1. Www myfreetaxes com philly Under your last entry on line 1, put a subtotal of all interest listed on line 1. Www myfreetaxes com philly Below this subtotal, print “ABP Adjustment,” and the total interest you received. Www myfreetaxes com philly Subtract this amount from the subtotal, and enter the result on line 2. Www myfreetaxes com philly Bond premium amortization more than interest. Www myfreetaxes com philly   If the amount of your bond premium amortization for an accrual period is more than the qualified stated interest for the period, you can deduct the difference as a miscellaneous itemized deduction on Schedule A (Form 1040), line 28. Www myfreetaxes com philly    But your deduction is limited to the amount by which your total interest inclusions on the bond in prior accrual periods is more than your total bond premium deductions on the bond in prior periods. Www myfreetaxes com philly Any amount you cannot deduct because of this limit can be carried forward to the next accrual period. Www myfreetaxes com philly Pre-1998 election to amortize bond premium. Www myfreetaxes com philly   Generally, if you first elected to amortize bond premium before 1998, the above treatment of the premium does not apply to bonds you acquired before 1988. Www myfreetaxes com philly Bonds acquired before October 23, 1986. Www myfreetaxes com philly   The amortization of the premium on these bonds is a miscellaneous itemized deduction not subject to the 2%-of-adjusted-gross-income limit. Www myfreetaxes com philly Bonds acquired after October 22, 1986, but before 1988. Www myfreetaxes com philly    The amortization of the premium on these bonds is investment interest expense subject to the investment interest limit, unless you choose to treat it as an offset to interest income on the bond. Www myfreetaxes com philly Expenses of Producing Income You deduct investment expenses (other than interest expenses) as miscellaneous itemized deductions on Schedule A (Form 1040). Www myfreetaxes com philly To be deductible, these expenses must be ordinary and necessary expenses paid or incurred: To produce or collect income, or To manage property held for producing income. Www myfreetaxes com philly The expenses must be directly related to the income or income-producing property, and the income must be taxable to you. Www myfreetaxes com philly The deduction for most income-producing expenses is subject to a 2% limit that also applies to certain other miscellaneous itemized deductions. Www myfreetaxes com philly The amount deductible is limited to the total of these miscellaneous deductions that is more than 2% of your adjusted gross income. Www myfreetaxes com philly For information on how to report expenses of producing income, see How To Report Investment Expenses , later. Www myfreetaxes com philly Attorney or accounting fees. Www myfreetaxes com philly   You can deduct attorney or accounting fees that are necessary to produce or collect taxable income. Www myfreetaxes com philly However, in some cases, attorney or accounting fees are part of the basis of property. Www myfreetaxes com philly See Basis of Investment Property in chapter 4. Www myfreetaxes com philly Automatic investment service and dividend reinvestment plans. Www myfreetaxes com philly   A bank may offer its checking account customers an automatic investment service so that, for a charge, each customer can choose to invest a part of the checking account each month in common stock. Www myfreetaxes com philly Or a bank that is a dividend disbursing agent for a number of publicly-owned corporations may set up an automatic dividend reinvestment service. Www myfreetaxes com philly Through that service, cash dividends are reinvested in more shares of stock after the bank deducts a service charge. Www myfreetaxes com philly   A corporation in which you own stock also may have a dividend reinvestment plan. Www myfreetaxes com philly This plan lets you choose to use your dividends to buy more shares of stock in the corporation instead of receiving the dividends in cash. Www myfreetaxes com philly   You can deduct the monthly service charge you pay to a bank to participate in an automatic investment service. Www myfreetaxes com philly If you participate in a dividend reinvestment plan, you can deduct any service charge subtracted from your cash dividends before the dividends are used to buy more shares of stock. Www myfreetaxes com philly Deduct the charges in the year you pay them. Www myfreetaxes com philly Clerical help and office rent. Www myfreetaxes com philly   You can deduct office expenses, such as rent and clerical help, you incurred in connection with your investments and collecting the taxable income on your investments. Www myfreetaxes com philly Cost of replacing missing securities. Www myfreetaxes com philly   To replace your taxable securities that are mislaid, lost, stolen, or destroyed, you may have to post an indemnity bond. Www myfreetaxes com philly You can deduct the premium you pay to buy the indemnity bond and the related incidental expenses. Www myfreetaxes com philly   You may, however, get a refund of part of the bond premium if the missing securities are recovered within a specified time. Www myfreetaxes com philly Under certain types of insurance policies, you can recover some of the expenses. Www myfreetaxes com philly   If you receive the refund in the tax year you pay the amounts, you can deduct only the difference between the expenses paid and the amount refunded. Www myfreetaxes com philly If the refund is made in a later tax year, you must include the refund in income in the year you received it, but only to the extent that the expenses decreased your tax in the year you deducted them. Www myfreetaxes com philly Fees to collect income. Www myfreetaxes com philly   You can deduct fees you pay to a broker, bank, trustee, or similar agent to collect investment income, such as your taxable bond or mortgage interest, or your dividends on shares of stock. Www myfreetaxes com philly Fees to buy or sell. Www myfreetaxes com philly   You cannot deduct a fee you pay to a broker to acquire investment property, such as stocks or bonds. Www myfreetaxes com philly You must add the fee to the cost of the property. Www myfreetaxes com philly See Basis of Investment Property in chapter 4. Www myfreetaxes com philly    You cannot deduct any broker's fees, commissions, or option premiums you pay (or that were netted out) in connection with the sale of investment property. Www myfreetaxes com philly They can be used only to figure gain or loss from the sale. Www myfreetaxes com philly See Reporting Capital Gains and Losses , in chapter 4, for more information about the treatment of these sale expenses. Www myfreetaxes com philly Investment counsel and advice. Www myfreetaxes com philly   You can deduct fees you pay for counsel and advice about investments that produce taxable income. Www myfreetaxes com philly This includes amounts you pay for investment advisory services. Www myfreetaxes com philly Safe deposit box rent. Www myfreetaxes com philly   You can deduct rent you pay for a safe deposit box if you use the box to store taxable income-producing stocks, bonds, or other investment-related papers and documents. Www myfreetaxes com philly If you also use the box to store tax-exempt securities or personal items, you can deduct only part of the rent. Www myfreetaxes com philly See Tax-exempt income under Nondeductible Expenses, later, to figure what part you can deduct. Www myfreetaxes com philly State and local transfer taxes. Www myfreetaxes com philly   You cannot deduct the state and local transfer taxes you pay when you buy or sell securities. Www myfreetaxes com philly If you pay these transfer taxes when you buy securities, you must treat them as part of the cost of the property. Www myfreetaxes com philly If you pay these transfer taxes when you sell securities, you must treat them as a reduction in the amount realized. Www myfreetaxes com philly Trustee's commissions for revocable trust. Www myfreetaxes com philly   If you set up a revocable trust and have its income distributed to you, you can deduct the commission you pay the trustee for managing the trust to the extent it is to produce or collect taxable income or to manage property. Www myfreetaxes com philly However, you cannot deduct any part of the commission used for producing or collecting tax-exempt income or for managing property that produces tax-exempt income. Www myfreetaxes com philly   If you are a cash-basis taxpayer and pay the commissions for several years in advance, you must deduct a part of the commission each year. Www myfreetaxes com philly You cannot deduct the entire amount in the year you pay it. Www myfreetaxes com philly Investment expenses from pass-through entities. Www myfreetaxes com philly   If you hold an interest in a partnership, S corporation, real estate mortgage investment conduit (REMIC), or a nonpublicly offered mutual fund, you can deduct your share of that entity's investment expenses. Www myfreetaxes com philly A partnership or S corporation will show your share of these expenses on your Schedule K-1 (Form 1065) or Schedule K-1 (Form 1120S). Www myfreetaxes com philly A nonpublicly offered mutual fund will indicate your share of these expenses in box 5 of Form 1099-DIV (or substitute statement). Www myfreetaxes com philly Publicly-offered mutual funds are discussed later. Www myfreetaxes com philly   If you hold an interest in a REMIC, any expenses relating to your residual interest investment will be shown on Schedule Q (Form 1066), line 3b. Www myfreetaxes com philly Any expenses relating to your regular interest investment will appear in box 5 of Form 1099-INT (or substitute statement) or box 9 of Form 1099-OID (or substitute statement). Www myfreetaxes com philly   Report your share of these investment expenses on Schedule A (Form 1040), subject to the 2% limit, in the same manner as your other investment expenses. Www myfreetaxes com philly Including mutual fund or REMIC expenses in income. Www myfreetaxes com philly   Your share of the investment expenses of a REMIC or a nonpublicly offered mutual fund, as described above, are considered to be indirect deductions through that pass-through entity. Www myfreetaxes com philly You must include in your gross income an amount equal to the expenses allocated to you, whether or not you are able to claim a deduction for those expenses. Www myfreetaxes com philly If you are a shareholder in a nonpublicly offered mutual fund, you must include on your return the full amount of ordinary dividends or other distributions of stock, as shown in box 1a of Form 1099-DIV (or substitute statement). Www myfreetaxes com philly If you are a residual interest holder in a REMIC, you must report as ordinary income on Schedule E (Form 1040) the total amounts shown on Schedule Q (Form 1066), lines 1b and 3b. Www myfreetaxes com philly If you are a REMIC regular interest holder, you must include the amount of any expense allocation you received on Form 1040, line 8a. Www myfreetaxes com philly Publicly-offered mutual funds. Www myfreetaxes com philly   Most mutual funds are publicly offered. Www myfreetaxes com philly These mutual funds, generally, are traded on an established securities exchange. Www myfreetaxes com philly These funds do not pass investment expenses through to you. Www myfreetaxes com philly Instead, the dividend income they report to you in box 1a of Form 1099-DIV (or substitute statement) is already reduced by your share of investment expenses. Www myfreetaxes com philly As a result, you cannot deduct the expenses on your return. Www myfreetaxes com philly   Include the amount from box 1a of Form 1099-DIV (or substitute statement) in your income. Www myfreetaxes com philly    A publicly offered mutual fund is one that: Is continuously offered pursuant to a public offering, Is regularly traded on an established securities market, and Is held by or for no fewer than 500 persons at any time during the year. Www myfreetaxes com philly Contact your mutual fund if you are not sure whether it is publicly offered. Www myfreetaxes com philly Nondeductible Expenses Some expenses that you incur as an investor are not deductible. Www myfreetaxes com philly Stockholders' meetings. Www myfreetaxes com philly   You cannot deduct transportation and other expenses you pay to attend stockholders' meetings of companies in which you have no interest other than owning stock. Www myfreetaxes com philly This is true even if your purpose in attending is to get information that would be useful in making further investments. Www myfreetaxes com philly Investment-related seminar. Www myfreetaxes com philly   You cannot deduct expenses for attending a convention, seminar, or similar meeting for investment purposes. Www myfreetaxes com philly Single-premium life insurance, endowment, and annuity contracts. Www myfreetaxes com philly   You cannot deduct interest on money you borrow to buy or carry a single-premium life insurance, endowment, or annuity contract. Www myfreetaxes com philly Used as collateral. Www myfreetaxes com philly   If you use a single premium annuity contract as collateral to obtain or continue a mortgage loan, you cannot deduct any interest on the loan that is collateralized by the annuity contract. Www myfreetaxes com philly Figure the amount of interest expense disallowed by multiplying the current interest rate on the mortgage loan by the lesser of the amount of the annuity contract used as collateral or the amount of the loan. Www myfreetaxes com philly Borrowing on insurance. Www myfreetaxes com philly   Generally, you cannot deduct interest on money you borrow to buy or carry a life insurance, endowment, or annuity contract if you plan to systematically borrow part or all of the increases in the cash value of the contract. Www myfreetaxes com philly This rule applies to the interest on the total amount borrowed to buy or carry the contract, not just the interest on the borrowed increases in the cash value. Www myfreetaxes com philly Tax-exempt income. Www myfreetaxes com philly   You cannot deduct expenses you incur to produce tax-exempt income. Www myfreetaxes com philly Nor can you deduct interest on money you borrow to buy tax-exempt securities or shares in a mutual fund or other regulated investment company that distributes only exempt-interest dividends. Www myfreetaxes com philly Short-sale expenses. Www myfreetaxes com philly   The rule disallowing a deduction for interest expenses on tax-exempt securities applies to amounts you pay in connection with personal property used in a short sale or amounts paid by others for the use of any collateral in connection with the short sale. Www myfreetaxes com philly However, it does not apply to the expenses you incur if you deposit cash as collateral for the property used in the short sale and the cash does not earn a material return during the period of the sale. Www myfreetaxes com philly Short sales are discussed in Short Sales in chapter 4. Www myfreetaxes com philly Expenses for both tax-exempt and taxable income. Www myfreetaxes com philly   You may have expenses that are for both tax-exempt and taxable income. Www myfreetaxes com philly If you cannot specifically identify what part of the expenses is for each type of income, you can divide the expenses, using reasonable proportions based on facts and circumstances. Www myfreetaxes com philly You must attach a statement to your return showing how you divided the expenses and stating that each deduction claimed is not based on tax-exempt income. Www myfreetaxes com philly   One accepted method for dividing expenses is to do it in the same proportion that each type of income is to the total income. Www myfreetaxes com philly If the expenses relate in part to capital gains and losses, include the gains, but not the losses, in figuring this proportion. Www myfreetaxes com philly To find the part of the expenses that is for the tax-exempt income, divide your tax-exempt income by the total income and multiply your expenses by the result. Www myfreetaxes com philly Example. Www myfreetaxes com philly You received $6,000 interest; $4,800 was tax-exempt and $1,200 was taxable. Www myfreetaxes com philly In earning this income, you had $500 of expenses. Www myfreetaxes com philly You cannot specifically identify the amount of each expense item that is for each income item, so you must divide your expenses. Www myfreetaxes com philly 80% ($4,800 tax-exempt interest divided by $6,000 total interest) of your expenses is for the tax-exempt income. Www myfreetaxes com philly You cannot deduct $400 (80% of $500) of the expenses. Www myfreetaxes com philly You can deduct $100 (the rest of the expenses) because they are for the taxable interest. Www myfreetaxes com philly State income taxes. Www myfreetaxes com philly   If you itemize your deductions, you can deduct, as taxes, state income taxes on interest income that is exempt from federal income tax. Www myfreetaxes com philly But you cannot deduct, as either taxes or investment expenses, state income taxes on other exempt income. Www myfreetaxes com philly Interest expense and carrying charges on straddles. Www myfreetaxes com philly   You cannot deduct interest and carrying charges allocable to personal property that is part of a straddle. Www myfreetaxes com philly The nondeductible interest and carrying charges are added to the basis of the straddle property. Www myfreetaxes com philly However, this treatment does not apply if: All the offsetting positions making up the straddle either consist of one or more qualified covered call options and the optioned stock, or consist of section 1256 contracts (and the straddle is not part of a larger straddle); or The straddle is a hedging transaction. Www myfreetaxes com philly  For information about straddles, including definitions of the terms used in this discussion, see Straddles in chapter 4. Www myfreetaxes com philly   Interest includes any amount you pay or incur in connection with personal property used in a short sale. Www myfreetaxes com philly However, you must first apply the rules discussed in Payments in lieu of dividends under Short Sales in chapter 4. Www myfreetaxes com philly   To determine the interest on market discount bonds and short-term obligations that are part of a straddle, you must first apply the rules discussed under Limit on interest deduction for market discount bonds and Limit on interest deduction for short-term obligations (both under Interest Expenses, earlier). Www myfreetaxes com philly Nondeductible amount. Www myfreetaxes com philly   Figure the nondeductible interest and carrying charges on straddle property as follows. Www myfreetaxes com philly Add: Interest on indebtedness incurred or continued to buy or carry the personal property, and All other amounts (including charges to insure, store, or transport the personal property) paid or incurred to carry the personal property. Www myfreetaxes com philly Subtract from the amount in (1): Interest (including OID) includible in gross income for the year on the personal property, Any income from the personal property treated as ordinary income on the disposition of short-term government obligations or as ordinary income under the market discount and short-term bond provisions — see Discount on Debt Instruments in chapter 1, The dividends includible in gross income for the year from the personal property, and Any payment on a loan of the personal property for use in a short sale that is includible in gross income. Www myfreetaxes com philly Basis adjustment. Www myfreetaxes com philly   Add the nondeductible amount to the basis of your straddle property. Www myfreetaxes com philly How To Report Investment Expenses To deduct your investment expenses, you must itemize deductions on Schedule A (Form 1040). Www myfreetaxes com philly Enter your deductible investment interest expense on Schedule A (Form1040), line 14. Www myfreetaxes com philly Include any deductible short sale expenses. Www myfreetaxes com philly (See Short Sales in chapter 4 for information on these expenses. Www myfreetaxes com philly ) Also attach a completed Form 4952 if you used that form to figure your investment interest expense. Www myfreetaxes com philly Enter the total amount of your other investment expenses (other than interest expenses) on Schedule A (Form 1040), line 23. Www myfreetaxes com philly List the type and amount of each expense on the dotted lines next to line 23. Www myfreetaxes com philly (If necessary, you can show the required information on an attached statement. Www myfreetaxes com philly ) For information on how to report amortizable bond premium, see Bond Premium Amortization , earlier in this chapter. Www myfreetaxes com philly When To Report Investment Expenses If you use the cash method to report income and expenses, you generally deduct your expenses, except for certain prepaid interest, in the year you pay them. Www myfreetaxes com philly If you use an accrual method, you generally deduct your expenses when you incur a liability for them, rather than when you pay them. Www myfreetaxes com philly Also see When To Deduct Investment Interest , earlier in this chapter. Www myfreetaxes com philly Unpaid expenses owed to related party. Www myfreetaxes com philly   If you use an accrual method, you cannot deduct interest and other expenses owed to a related cash-basis person until payment is made and the amount is includible in the gross income of that person. Www myfreetaxes com philly The relationship, for purposes of this rule, is determined as of the end of the tax year for which the interest or expense would otherwise be deductible. Www myfreetaxes com philly If a deduction is denied under this rule, this rule will continue to apply even if your relationship with the person ceases to exist before the amount is includible in the gross income of that person. Www myfreetaxes com philly   This rule generally applies to those relationships listed in chapter 4 under Related Party Transactions . Www myfreetaxes com philly It also applies to accruals by partnerships to partners, partners to partnerships, shareholders to S corporations, and S corporations to shareholders. Www myfreetaxes com philly   The postponement of deductions for unpaid expenses and interest under the related party rule does not apply to OID, regardless of when payment is made. Www myfreetaxes com philly This rule also does not apply to loans with below-market interest rates or to certain payments for the use of property and services when the lender or recipient has to include payments periodically in income, even if a payment has not been made. Www myfreetaxes com philly Prev  Up  Next   Home   More Online Publications
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Www myfreetaxes com philly Publication 179 - Introductory Material Table of Contents Acontecimientos futuros Qué hay de nuevo Recordatorios Calendario Introduction Acontecimientos futuros Si desea obtener la información más reciente sobre todo acontecimiento relacionado con la Publicación 179, tal como legislación promulgada después de que ésta fue publicada, acceda a www. Www myfreetaxes com philly irs. Www myfreetaxes com philly gov/pub179. Www myfreetaxes com philly Qué hay de nuevo Contribuciones al Seguro Social y al Medicare para el 2014. Www myfreetaxes com philly  La tasa de contribución para el Seguro Social permanece en 6. Www myfreetaxes com philly 2% tanto para el empleado como para el patrono. Www myfreetaxes com philly La base límite de salario para el Seguro Social es $117,000. Www myfreetaxes com philly La tasa de la contribución al Medicare es 1. Www myfreetaxes com philly 45% tanto para la parte del empleado como la del patrono, la misma tasa que correspondió para el año 2013. Www myfreetaxes com philly No hay límite sobre la cantidad de salarios sujetos a la contribución al Medicare. Www myfreetaxes com philly Las contribuciones al Seguro Social y al Medicare se aplican a los salarios de empleados domésticos a quienes usted les paga $1,900 o más en efectivo o de una forma equivalente de remuneración. Www myfreetaxes com philly Las contribuciones al Seguro Social y al Medicare se aplican a los trabajadores electorales a quienes se les paga $1,600 o más en efectivo o una remuneración equivalente. Www myfreetaxes com philly Cambio de parte responsable. Www myfreetaxes com philly  Comenzando el 1 de enero del 2014, toda entidad jurídica que tiene asignado un número patronal tiene que presentar el Formulario 8822-B Change of Address or Responsible Party—Business (Cambio de dirección o Parte Responsable— de negocios), en inglés, para informar si ha cambiado la parte responsable del negocio. Www myfreetaxes com philly El Formulario 8822-B tiene que presentarse dentro de los 60 días que cambió la parte responsable. Www myfreetaxes com philly Si el cambio de la parte responsable ocurrió antes del año 2014 y no se ha notificado el cambio anteriormente al IRS presente el Formulario 8822-B antes del 1 de marzo del 2014 e informe solamente el cambio más reciente. Www myfreetaxes com philly Para la definición de “parte reponsable” vea las Instrucciones del Formulario SS-4PR Solicitud de Número de Identificación Patronal (EIN). Www myfreetaxes com philly Matrimonio entre personas del mismo sexo. Www myfreetaxes com philly . Www myfreetaxes com philly  Para propósitos de las contribuciones federales, las personas del mismo sexo se consideran casados legalmente ​​si se casaron en un estado (o país extranjero) cuyas leyes autorizan el matrimonio de personas del mismo sexo, aunque el estado (o país extranjero) en el que ahora viven no reconozca el matrimonio entre personas del mismo sexo. Www myfreetaxes com philly Para obtener más información, consulte el Revenue Ruling 2013-17 (Reglamento de Rentas Internas 2013–17) disponible en www. Www myfreetaxes com philly irs. Www myfreetaxes com philly gov/irb/2013-38_IRB/ar07. Www myfreetaxes com philly html. Www myfreetaxes com philly El Notice 2013-61 (Aviso 2013-61) establece los procedimientos administrativos especiales para los patronos hacer reclamaciones para el reembolso o los ajustes de los pagos en exceso al Seguro Social y al Medicare con respecto a ciertos beneficios entre cónyuges del mismo sexo antes de la expiración del periodo de prescripción. Www myfreetaxes com philly El Aviso 2013-61 que aparece en la página 432 del Internal Revenue Bulletin (Boletín de Rentas Internas 2013-44), en inglés, está disponible en www. Www myfreetaxes com philly irs. Www myfreetaxes com philly gov/irb/2013-44_IRB/ar10. Www myfreetaxes com philly html. Www myfreetaxes com philly Recordatorios Retención de la Contribución Adicional al Medicare. Www myfreetaxes com philly  Además de la retención de la contribución Medicare de 1. Www myfreetaxes com philly 45%, usted tiene que retener la Contribución Adicional al Medicare de 0. Www myfreetaxes com philly 9% de los salarios en exceso de $200,000 que le paga a un empleado en un año natural. Www myfreetaxes com philly Se le requiere a usted que comience a retener la Contribución Adicional al Medicare en el período de paga en el cual usted le paga salarios en exceso de $200,000 a un empleado. Www myfreetaxes com philly Continúe reteniendo esta Contribución Adicional al Medicare en todo período de paga hasta que finalice el año natural. Www myfreetaxes com philly La Contribución Adicional al Medicare sólo se le impone al empleado. Www myfreetaxes com philly No hay una porción correspondiente al patrono de la Contribución Adicional al Medicare. Www myfreetaxes com philly Todos los salarios que están sujetos a la contribución Medicare, están sujetos a la retención de la Contribución Adicional al Medicare si éstos exceden el límite de $200,000. Www myfreetaxes com philly Si desea más información sobre cuáles salarios están sujetos a la Contribución Adicional al Medicare, vea la tabla Reglas especiales para varias clases de servicios y de pagos , en el apartado 15 de esta publicación. Www myfreetaxes com philly Para más información, sobre la Contribución Adicional al Medicare visite IRS. Www myfreetaxes com philly gov y escriba “ Additional Medicare Tax ” en inglés, en la casilla Search (Buscar). Www myfreetaxes com philly La información está disponible en inglés. Www myfreetaxes com philly El crédito contributivo por oportunidad de trabajo para organizaciones calificadas exentas de contribución que contratan a veteranos calificados ha sido extendido. Www myfreetaxes com philly . Www myfreetaxes com philly  El crédito contributivo por oportunidad de trabajo está disponible para veteranos desempleados que reúnan los requisitos que comiencen a trabajar antes del 1 de enero de 2014. Www myfreetaxes com philly Anteriormente, el crédito estaba disponible para veteranos desempleados quienes comenzaron a trabajar a partir del 22 de noviembre de 2011, y antes del 1 de enero de 2013. Www myfreetaxes com philly Las organizaciones exentas de contribuciones calificadas que contratan veteranos desempleados que reúnan los requisitos pueden reclamar el crédito contributivo por oportunidad de trabajo contra su contribución sobre la nómina utilizando el Formulario 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans (Crédito por oportunidad de trabajo para organizaciones exentas de contribuciones calificadas que contratan a veteranos calificados), en inglés. Www myfreetaxes com philly Si desea más información, visite IRS. Www myfreetaxes com philly gov y escriba “work opportunity tax credit” (crédito contributivo por oportunidad de trabajo), en inglés, en la casilla Search (Buscar). Www myfreetaxes com philly La información está disponible en inglés. Www myfreetaxes com philly Externalización de las obligaciones de la nómina. Www myfreetaxes com philly . Www myfreetaxes com philly  Los patronos son responsables de asegurar que las planillas de contribución se radiquen y que los depósitos y pagos se hagan, aun si el patrono contrata los servicios de un tercero para hacerlo. Www myfreetaxes com philly El patrono sigue siendo el responsable aun si el tercero no cumple con la acción requerida. Www myfreetaxes com philly Si opta por externalizar cualquier parte de su nómina y las obligaciones relacionadas con las contribuciones (es decir, retención, declarar y pagar las contribuciones al Seguro Social, al Medicare y FUTA) a un tercero pagador, tal como un proveedor de servicios de nómina o agente de reportación, visite el sitio web IRS. Www myfreetaxes com philly gov y escriba “outsourcing payroll duties” (externalización de las obligaciones de nómina) en la casilla “Search” (Buscar), para información útil sobre este tema. Www myfreetaxes com philly Dicha información está disponible en inglés. Www myfreetaxes com philly El crédito de asistencia para las primas COBRA. Www myfreetaxes com philly  El crédito por asistencia en los pagos de las primas COBRA se aplica a las primas pagadas por un máximo de 15 meses para los empleados que fueron despedidos entre el 1 de septiembre de 2008 y el 31 de mayo de 2010. Www myfreetaxes com philly Vea COBRA premium assistance credit (Crédito de asistencia para las primas COBRA) en inglés, en la Publicación 15. Www myfreetaxes com philly Vea la sección Crédito de asistencia para las primas de COBRA para detalles sobre el crédito. Www myfreetaxes com philly El Formulario 944-PR está descontinuado. Www myfreetaxes com philly  El Formulario 944-PR, Planilla para la Declaración Federal ANUAL del Patrono, ya no estará disponible después de 2011. Www myfreetaxes com philly A partir del año contributivo 2012, los patronos que anteriormente presentaban el Formulario 944-PR presentarán anualmente el Formulario 944(SP), Declaración Federal ANUAL de Impuestos del Patrono o Empleador. Www myfreetaxes com philly Por otra parte, los contribuyentes pueden solicitar que se les permita la radicación trimestral con el Formulario 941-PR, Planilla para la Declaración Federal TRIMESTRAL del Patrono, en vez del Formulario 944(SP) (o el Formulario 944, en inglés). Www myfreetaxes com philly Para más información, consulte las Instrucciones para el Formulario 944(SP). Www myfreetaxes com philly Para solicitar que se le permita radicar los formularios trimestrales 941-PR para informar sus contribuciones al Seguro Social y Medicare del año 2014, debe llamar al IRS al 1-800-829-4933 o al 267-941-1000 (llamada con cargos) a más tardar el 1 de abril de 2014. Www myfreetaxes com philly O, puede enviar una solicitud por escrito (el matasellos debe estar fechado en o antes del 15 de marzo de 2014). Www myfreetaxes com philly Después de comunicarse con el IRS, el IRS le enviará una notificación por escrito indicándole que su requisito de presentación ha cambiado. Www myfreetaxes com philly Si usted no recibe este aviso, debe presentar el Formulario 944(SP) para el año natural 2014. Www myfreetaxes com philly Para más información, consulte ¿Qué ocurre si quiere presentar Formularios 941, 941-SS o 941-PR en lugar del Formulario 944 (en inglés) o 944(SP)?, en las Instrucciones para el Formulario 944(SP) de 2013. Www myfreetaxes com philly Usted tiene que recibir un aviso escrito del IRS para poder radicar el Formulario 944(SP). Www myfreetaxes com philly  Si usted ha estado radicando los Formularios 941-PR y cree que sus contribuciones sobre la nómina para el año natural serán $1,000 o menos y desea radicar el Formulario 944(SP) (o el Formulario 944, en inglés) en vez de los Formularios 941-PR, tiene que comunicarse con el IRS para solicitar el permiso para poder radicar el Formulario 944(SP). Www myfreetaxes com philly Antes de que pueda radicar este formulario, tiene que recibir un aviso escrito de parte del IRS que le otorgue el permiso para poder radicar el Formulario 944(SP) en vez de los Formularios 941-PR. Www myfreetaxes com philly Si desea más información sobre cómo solicitar el permiso para radicar el Formulario 944(SP) o el Formulario 944, en vez de los Formularios 941-PR, vea el tema titulado ¿Qué ocurre si quiere presentar Formularios 941, 941-SS o 941-PR en lugar del Formulario 944 (en inglés) o 944(SP)?, en las Instrucciones para el Formulario 944(SP). Www myfreetaxes com philly Cambio de dirección. Www myfreetaxes com philly . Www myfreetaxes com philly  Utilice el Formulario 8822-B, Change of Address or Responsible Party-Business (Cambio de dirección— o Parte Responsable— de negocios), en inglés, para notificarle al IRS sobre un cambio a su dirección. Www myfreetaxes com philly No envíe el Formulario 8822-B junto con su planilla de contribuciones sobre la nómina. Www myfreetaxes com philly Los depósitos de las contribuciones federales tienen que llevarse a cabo mediante transferencia electrónica de fondos. Www myfreetaxes com philly  Usted tiene que depositar toda contribución mediante transferencia electrónica de fondos. Www myfreetaxes com philly Generalmente, la transferencia electrónica de fondos se lleva a cabo usando el Electronic Federal Tax Payment System (Sistema electrónico de pagos de la contribución federal o EFTPS, por sus siglas en inglés). Www myfreetaxes com philly Si no desea utilizar el EFTPS, puede hacer los arreglos para que su preparador, institución financiera, servicio de nómina u otro tercero de su confianza efectúe depósitos electrónicos en nombre suyo. Www myfreetaxes com philly El EFTPS es un servicio gratuito provisto por el Departamento del Tesoro. Www myfreetaxes com philly Los servicios provistos por su preparador profesional, institución financiera, servicio de nómina u otro tercero podría conllevar en un cargo. Www myfreetaxes com philly Si desea más información sobre cómo efectuar depósitos de la contribución federal, vea Cómo hacer los depósitos , en el apartado 11. Www myfreetaxes com philly Si desea más información sobre EFTPS o si desea inscribirse, visite el sitio web de EFTPS en www. Www myfreetaxes com philly eftps. Www myfreetaxes com philly gov o llame al 1-800-244-4829 (1-800-733-4829, si es usuario de equipo TDD). Www myfreetaxes com philly Puede encontrar información adicional sobre EFTPS en la Publicación 966 (SP), Sistema de Pago Electrónico del Impuesto Federal: La Manera Segura de pagar los Impuestos Federales. Www myfreetaxes com philly Radicación y pago por medios electrónicos. Www myfreetaxes com philly  El uso de las opciones electrónicas puede hacer más fácil la radicación de una planilla y el pago de la contribución federal. Www myfreetaxes com philly Utilice el EFTPS para efectuar depósitos o pagar la contribución en su totalidad, independientemente de si utiliza a un preparador o si prepara sus propias planillas. Www myfreetaxes com philly Puede usar el sistema electrónico e-file del IRS para radicar ciertas planillas. Www myfreetaxes com philly Si hay una suma por pagar en la planilla, puede radicarla con el sistema e-file y pagar electrónicamente (e-pay) en un solo paso al autorizar un retiro electrónico de fondos de su cuenta bancaria mientras está radicando electrónicamente. Www myfreetaxes com philly No utilice el retiro electrónico de fondos para pagar contribuciones que se requiere que se depositen. Www myfreetaxes com philly Visite el sitio web del IRS www. Www myfreetaxes com philly irs. Www myfreetaxes com philly gov/efile , en inglés, para más información sobre cómo radicar una planilla electrónicamente. Www myfreetaxes com philly Si desea más información sobre cómo pagar sus contribuciones utilizando el retiro electrónico de fondos, visite la página del IRS en www. Www myfreetaxes com philly irs. Www myfreetaxes com philly gov/e-pay. Www myfreetaxes com philly Se le podría cobrar un cargo por radicar electrónicamente. Www myfreetaxes com philly Para EFTPS, visite www. Www myfreetaxes com philly eftps. Www myfreetaxes com philly gov o llame a la línea de servicio al cliente de EFTPS al 1-800-244-4829 o 1-800-733-4829, si es usuario de equipo TDD. Www myfreetaxes com philly Para la radicación electrónica de los Formularios 499R-2/W-2PR y 499R-2/W-2cPR ante la Administración del Seguro Social, visite la página web www. Www myfreetaxes com philly hacienda. Www myfreetaxes com philly gobierno. Www myfreetaxes com philly pr. Www myfreetaxes com philly Si usted está radicando su planilla de contribuciones o si está pagando sus contribuciones federales electrónicamente, se necesita que provea un EIN válido. Www myfreetaxes com philly Si no provee un EIN válido, la planilla o pago no se tramitará. Www myfreetaxes com philly Esto podría resultarle en multas y demoras en la tramitación de su planilla o pago. Www myfreetaxes com philly Pagos con tarjeta de crédito o débito. Www myfreetaxes com philly  Para mayor información sobre cómo se pagan las contribuciones con tarjetas de crédito o débito, visite el sitio web del IRS, www. Www myfreetaxes com philly irs. Www myfreetaxes com philly gov/e-pay. Www myfreetaxes com philly No obstante, no use una tarjeta de crédito o débito para pagar contribuciones que deben ser depositadas. Www myfreetaxes com philly Contratación de empleados nuevos. Www myfreetaxes com philly  Mantenga un registro con el nombre y número de cada uno de sus empleados nuevos según aparece en su tarjeta de Seguro Social. Www myfreetaxes com philly Todo empleado que no tenga una tarjeta de Seguro Social deberá solicitarla usando el Formulario SS-5-SP, Solicitud para una Tarjeta de Seguro Social, en español. Www myfreetaxes com philly Vea el apartado 4 . Www myfreetaxes com philly Cómo informar las discrepancias entre los Formularios 941-PR (o 944(SP)) y los Formularios 499R-2/W-2PR. Www myfreetaxes com philly . Www myfreetaxes com philly  Utilice el Anexo D (Formulario 941), Report of Discrepancies Caused by Acquisitions, Statutory Mergers, or Consolidations (Informe de discrepancias causadas por adquisiciones, fusiones o consolidaciones), en inglés. Www myfreetaxes com philly En este anexo se explicarán las discrepancias en los salarios, contribuciones y pagos que han surgido entre los Formularios 941-PR (o el Formulario 944(SP)) debido a adquisiciones, fusiones o consolidaciones. Www myfreetaxes com philly Si desea más información, vea las Instrucciones para el Anexo D (Formulario 941), disponibles en inglés. Www myfreetaxes com philly Solicitud de un número de identificación patronal en línea (EIN). Www myfreetaxes com philly  Usted puede solicitar un número de identificación patronal (EIN, por sus siglas en inglés) en línea al visitar el sitio web IRS. Www myfreetaxes com philly gov, en inglés, y pulsar sobre el enlace “Apply for an EIN Online” (Solicitud de un número de identificación patronal en línea (EIN)), que se encuentra bajo Tools (Herramientas). Www myfreetaxes com philly La información está provista en inglés. Www myfreetaxes com philly Pagos rechazados. Www myfreetaxes com philly  Cualquier forma de pago que ha sido rechazado y es devuelto por la institución financiera está sujeto a una penalidad. Www myfreetaxes com philly Esta penalidad es $25 o el 2% de la cantidad del pago, lo mayor entre ambos. Www myfreetaxes com philly Sin embargo, la penalidad en pagos rechazados de $24. Www myfreetaxes com philly 99 o menos es igual a la cantidad del pago. Www myfreetaxes com philly Por ejemplo, un pago por $18 que fue rechazado, la penalidad es $18 (la cantidad rechazada). Www myfreetaxes com philly Remuneración pagada a trabajadores agrícolas con visa H-2A. Www myfreetaxes com philly  La remuneración que le paga a trabajadores agrícolas por trabajo realizado con una visa H-2A no está sujeta a las contribuciones al Seguro Social, al Medicare o la Contribución Adicional al Medicare. Www myfreetaxes com philly Por lo tanto, no debe informarla como remuneración sujeta a dichas contribuciones. Www myfreetaxes com philly Verifique con las agencias del gobierno de Puerto Rico para verificar si tiene algún requisito estatal. Www myfreetaxes com philly Servicios de entrega privados. Www myfreetaxes com philly  Puede usar ciertos servicios de entrega privados designados por el IRS para enviar sus planillas o pagos de la contribución. Www myfreetaxes com philly La lista incluye sólo los servicios siguientes: DHL Express (DHL): DHL Same Day Service. Www myfreetaxes com philly Federal Express (FedEx): FedEx Priority Overnight, FedEx Standard Overnight, FedEx 2Day, FedEx International Priority y FedEx International First. Www myfreetaxes com philly United Parcel Service (UPS): UPS Next Day Air, UPS Next Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A. Www myfreetaxes com philly M. Www myfreetaxes com philly , UPS Worldwide Express Plus y UPS Worldwide Express. Www myfreetaxes com philly Si desea obtener la dirección a dónde enviar la planilla o pago si utilizara un servicio de entrega privado, acceda a IRS. Www myfreetaxes com philly gov y escriba “private delivery service” en la casilla Search (Buscar). Www myfreetaxes com philly La información está disponible en inglés. Www myfreetaxes com philly El proveedor de servicio de entrega privado que escoja puede informarle de cómo se obtiene verificación por escrito de la fecha de envío. Www myfreetaxes com philly Los servicios de entrega privados no pueden entregar artículos de correo a los apartados postales. Www myfreetaxes com philly Usted tiene que utilizar el Servicio Postal de los EE. Www myfreetaxes com philly UU. Www myfreetaxes com philly para enviar todo artículo de correo a una dirección que incluya un apartado postal del IRS. Www myfreetaxes com philly Mantenimiento de récords. Www myfreetaxes com philly  Conserve todos los récords de sus contribuciones sobre la nómina durante 4 años. Www myfreetaxes com philly Los mismos deben estar disponibles para ser inspeccionados por funcionarios del IRS. Www myfreetaxes com philly No se ha establecido ninguna manera especial de llevar estos récords. Www myfreetaxes com philly Sin embargo, los mismos deberán incluir su EIN, las cantidades y fechas de todos los pagos de salarios (incluyendo beneficios marginales) y las propinas declaradas, así como los nombres, direcciones y ocupaciones de todos los empleados que reciban tales pagos, las fechas de empleo, además de los números de Seguro Social y los duplicados de las planillas de contribución radicadas anteriormente, incluyendo las fechas y cantidades de depósitos hechos según se explica en el apartado 11 . Www myfreetaxes com philly Todo patrono agrícola tiene que llevar un registro en el cual consten el nombre, dirección permanente y el EIN de cada líder de cuadrilla. Www myfreetaxes com philly Vea Líder de cuadrilla, en el apartado 1 . Www myfreetaxes com philly Comentarios y sugerencias. Www myfreetaxes com philly  Le agradecemos sus comentarios sobre esta publicación y sugerencias para ediciones futuras de la misma. Www myfreetaxes com philly Puede escribirnos a la siguiente dirección: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Www myfreetaxes com philly NW, IR-6526 Washington, DC 20224 Nosotros contestamos muchas cartas a través de llamadas telefónicas. Www myfreetaxes com philly Por lo tanto, sería de ayuda si en su correspondencia incluye su número telefónico, junto con el código de área telefónico, en donde nos podamos comunicar con usted durante el día. Www myfreetaxes com philly También, puede enviarnos comentarios a través de la página www. Www myfreetaxes com philly irs. Www myfreetaxes com philly gov/formspubs. Www myfreetaxes com philly Pulse sobre el enlace titulado More Information (Más información) y luego pulse sobre el enlace titulado “Give us Feedback” (Proveer comentarios), en inglés. Www myfreetaxes com philly Aunque no podemos contestar a cada comentario que recibimos, sí agradecemos sus sugerencias y las consideraremos al revisar nuestros productos contributivos. Www myfreetaxes com philly Fotografías de niños desaparecidos. Www myfreetaxes com philly  El Servicio de Rentas Internas siente orgullo en colaborar con el National Center for Missing and Exploited Children (Centro Nacional de Niños Desaparecidos y Explotados). Www myfreetaxes com philly Las fotografías de niños desaparecidos que han sido seleccionadas por el Centro pueden aparecer en esta publicación en páginas que de otra manera estarían en blanco. Www myfreetaxes com philly Usted puede ayudar a que estos niños regresen a sus hogares si al mirar sus fotografías los puede identificar y entonces llama libre de cargos al 1-800-THE-LOST (1-800-843-5678). Www myfreetaxes com philly Calendario   Si alguna fecha indicada a continuación es un sábado, domingo o día festivo oficial, la fecha de vencimiento para radicar la planilla, presentar un formulario o depositar su contribución es el próximo día laborable. Www myfreetaxes com philly Un día festivo oficial en Puerto Rico o en un estado posterga una fecha de vencimiento únicamente si la oficina del IRS donde usted tiene que radicar su planilla de contribución está localizada en tal estado o territorio. Www myfreetaxes com philly Para propósitos de la fecha de vencimiento, se cumplen los requisitos para radicar la planilla si la misma se encuentra en un sobre que esté dirigido apropiadamente, que tenga suficiente franqueo y que el matasellos esté fechado a más tardar en la fecha de vencimiento. Www myfreetaxes com philly Si se envía mediante un servicio de entrega privado aprobado por el IRS, la misma se tiene que enviar a más tardar en la fecha de vencimiento. Www myfreetaxes com philly Vea el tema Servicios de entrega privados en Recordatorios. Www myfreetaxes com philly A continuación encontrará una lista de las fechas y responsabilidades más importantes para usted. Www myfreetaxes com philly Además, vea la Publicación 509, Tax Calendars (Calendarios contributivos), en inglés, para más información. Www myfreetaxes com philly Para el 31 de enero:  Entregue a los empleados sus comprobantes de retención. Www myfreetaxes com philly Entréguele a cada empleado un Formulario 499R-2/W-2PR, Comprobante de Retención, debidamente completado. Www myfreetaxes com philly Vea el apartado 13 . Www myfreetaxes com philly Radique el Formulario 943-PR, Planilla para la Declaración ANUAL de la Contribución Federal del Patrono de Empleados Agrícolas, ante el IRS. Www myfreetaxes com philly Si depositó a tiempo la contribución correspondiente al Formulario 943-PR en su totalidad, tendrá hasta 10 días naturales adicionales a partir de la fecha de vencimiento indicada anteriormente para radicar su Formulario 943-PR. Www myfreetaxes com philly Radique el Formulario 940-PR, Planilla para la Declaración Federal ANUAL del Patrono de la Contribución Federal para el Desempleo (FUTA), ante el IRS. Www myfreetaxes com philly Pague o deposite todo saldo adeudado (si es más de $500). Www myfreetaxes com philly Si depositó el total de las contribuciones adeudadas a su debido tiempo, tendrá hasta 10 días naturales adicionales a partir de la fecha de vencimiento indicada anteriormente para radicar el Formulario 940-PR. Www myfreetaxes com philly Si antes radicaba el Formulario 944-PR, radique ahora el Formulario 944(SP), Declaración Federal ANUAL de Impuestos del Patrono o Empleador (o el Formulario 944, en inglés), ante el IRS si el mismo le notificó que debe radicar el Formulario 944(SP) en lugar de los Formularios 941-PR trimestrales. Www myfreetaxes com philly Si depositó la cantidad total de contribuciones conforme a la fecha de vencimiento de éstas, tendrá 10 días naturales adicionales a partir de la fecha de vencimiento indicada anteriormente para radicar el Formulario 944(SP). Www myfreetaxes com philly Para el 28 de febrero. Www myfreetaxes com philly   Radique los comprobantes de retención ante la Administración del Seguro Social (SSA, por sus siglas en inglés). Www myfreetaxes com philly Radique el Original del Formulario 499R-2/W-2PR, junto con el Formulario W-3PR, Informe de Comprobantes de Retención, ante la SSA. Www myfreetaxes com philly Para las planillas radicadas por vías electrónicas, vea el siguiente tema. Www myfreetaxes com philly Para el 31 de marzo. Www myfreetaxes com philly  Radique el Formulario 499R-2/W-2PR por vías electrónicas (y no por medios magnéticos o en papel) ante la SSA. Www myfreetaxes com philly Sin embargo, puede transmitir un archivo electrónico por medio de Internet. Www myfreetaxes com philly Vea Employer W-2 Filing Instructions & Information (Instrucciones e información para patronos sobre la radicación de Formularios W-2), en inglés, en el sitio web www. Www myfreetaxes com philly socialsecurity. Www myfreetaxes com philly gov/employer de la SSA para más información. Www myfreetaxes com philly Para el 30 de abril, 31 de julio, 31 de octubre y 31 de enero. Www myfreetaxes com philly  Radique el Formulario 941-PR trimestralmente ante el IRS. Www myfreetaxes com philly Si depositó el total de las contribuciones adeudadas a su debido tiempo, tendrá hasta 10 días naturales adicionales a partir de las fechas de vencimiento indicadas anteriormente para radicar el Formulario 941-PR. Www myfreetaxes com philly No radique los Formularios 941-PR para dichos trimestres si el IRS le ha informado que debe radicar el Formulario 944(SP). Www myfreetaxes com philly Deposite la contribución FUTA para el trimestre (incluyendo toda cantidad trasladada de un trimestre anterior) si la cantidad adeudada es más de $500. Www myfreetaxes com philly Si es de $500 o menos, traspásela al trimestre siguiente. Www myfreetaxes com philly Vea el apartado 10 , para más información. Www myfreetaxes com philly Introduction Esta publicación deberá ser usada por patronos cuyo negocio principal está ubicado en Puerto Rico o que tienen empleados cuyos ingresos están sujetos a retención de la contribución estatal sobre los ingresos de Puerto Rico. Www myfreetaxes com philly Generalmente, tanto los patronos como los empleados en Puerto Rico están sujetos a las contribuciones al Seguro Social y al seguro Medicare, conforme a la Federal Insurance Contributions Act (Ley de Contribuciones Federales al Seguro Social o FICA, por sus siglas en inglés). Www myfreetaxes com philly Esta publicación resume las responsabilidades que tiene el patrono en cuanto al cobro, pago y declaración de dichas contribuciones. Www myfreetaxes com philly Dondequiera que en esta publicación se use el término “Estados Unidos”, el mismo incluye a Puerto Rico, las Islas Vírgenes y los territorios autónomos y territorios no autónomos de los Estados Unidos. Www myfreetaxes com philly Las secciones a las cuales se hace referencia en esta publicación corresponden al Código Federal de Rentas Internas, a menos que se indique lo contrario. Www myfreetaxes com philly Esta publicación también proporciona a dichos patronos un resumen de sus responsabilidades en relación con las contribuciones bajo la Federal Unemployment Tax Act (Ley Federal de Contribución para el Desempleo o FUTA, por sus siglas en inglés). Www myfreetaxes com philly Vea los apartados 9 y 10 . Www myfreetaxes com philly Excepto por lo indicado en las tablas que se hallan en el apartado 15 , esas contribuciones corresponden a todo patrono que pague salarios tributables a empleados o que tenga empleados que declaran propinas. Www myfreetaxes com philly En esta publicación no se incluye información relacionada con las contribuciones del trabajo por cuenta propia (Seguro Social y Medicare para personas que trabajan por cuenta propia). Www myfreetaxes com philly Si necesita información sobre estas contribuciones, comuníquese con la oficina del IRS en Guaynabo o vea la Publicación 570, Tax Guide for Individuals With Income From U. Www myfreetaxes com philly S. Www myfreetaxes com philly Possessions (Guía tributaria para individuos con ingresos de fuentes en los territorios estadounidenses), en inglés. Www myfreetaxes com philly Contribuciones sobre los ingresos de Puerto Rico. Www myfreetaxes com philly   Esta publicación no incluye información relacionada con la retención de contribuciones federales sobre los ingresos. Www myfreetaxes com philly Ésta sólo trata las contribuciones sobre la nómina para patronos que están en Puerto Rico. Www myfreetaxes com philly   Si desea obtener información acerca de la contribución sobre ingresos de Puerto Rico, consulte con el Departamento de Hacienda de Puerto Rico. Www myfreetaxes com philly Las personas que trabajan amparadas bajo el programa del Seguro Social elijen un plan de protección para sus familias y para sí mismas. Www myfreetaxes com philly Entidades no consideradas como separadas de sus dueños y compañías subsidarias calificadas conforme al subcapítulo S (QSubs). Www myfreetaxes com philly   Las entidades no consideradas como separadas de sus dueños (disregarded entities) que tienen un solo dueño y que cumplen los requisitos y las compañías subsidiarias calificadas conforme al subcapítulo S (QSubs, por sus siglas en inglés), son tratadas como si fueran entidades separadas de su dueño para propósitos de las contribuciones sobre la nómina. Www myfreetaxes com philly Las entidades no consideradas como separadas de sus dueños que tienen un solo dueño y que cumplen los requisitos y no han optado por ser tratadas como corporación, tiene que declarar y pagar la contribución sobre la nómina correspondiente a los salarios de los empleados utilizando el nombre y EIN de dicha entidad. Www myfreetaxes com philly Vea la sección 1. Www myfreetaxes com philly 1361-4(a)(7) y la sección 301. Www myfreetaxes com philly 7701-2(c)(2)(iv) de los Reglamentos, en inglés. Www myfreetaxes com philly Crédito de asistencia para las primas de COBRA. Www myfreetaxes com philly   La Consolidated Omnibus Budget Reconciliation Act of 1985 (Ley de Conciliación de Asignaciones del Presupuesto de 1985 o COBRA, por sus siglas en inglés) les provee a ciertos ex empleados, jubilados, cónyuges, ex cónyuges e hijos dependientes el derecho a recibir temporalmente cobertura de salud a tarifas especiales para grupos. Www myfreetaxes com philly La ley COBRA, por lo general, cubre los planes de salud que incluyen a múltiples patronos y planes de salud que son mantenidos por patronos de la empresa privada (que no son iglesias) que tengan 20 o más empleados a tiempo completo o parcial. Www myfreetaxes com philly A dichos planes les corresponden ciertos requisitos conforme a la Employee Retirement Income Security Act of 1974 (Ley para la Protección de los Ingresos de Jubilación para los Empleados de 1974 o ERISA, por sus siglas en inglés). Www myfreetaxes com philly Conforme a la Public Health Service Act (Ley sobre el Servicio de Salud Pública), los requisitos del programa COBRA también le corresponden a los planes de salud que cubren a los empleados gubernamentales estatales y municipales. Www myfreetaxes com philly Requisitos similares corresponden conforme al Federal Employees Health Benefits Program (Programa de Seguro Médico para los Empleados Federales (FEHBP, por sus siglas en inglés)) y ciertas leyes estatales. Www myfreetaxes com philly Para tratar a la asistencia (o subsidio) para las primas de COBRA que se explican a continuación, a todos estos requisitos se les refiere como “requisitos de COBRA ”. Www myfreetaxes com philly   La ley American Recovery and Reinvestment Act of 2009 (Ley de Recuperación y Reinversión Económica Estadounidense de 2009 o ARRA, por sus siglas en inglés) permite un crédito contra las contribuciones sobre la paga (dichas contribuciones se denominan “contribuciones sobre la nómina” en esta publicación), para proveer asistencia para las primas de COBRA a individuos que cumplen con los requisitos para recibir dicha asistencia. Www myfreetaxes com philly Para los períodos de continuidad de cobertura COBRA que comienzan después del 16 de febrero de 2009, un plan de salud colectivo tiene que tratar a un individuo que reúne los requisitos para la asistencia como si hubiese pagado la prima de COBRA para la continuidad de cobertura requerida si el individuo optó por la cobertura COBRA y paga el 35% de la cantidad de la prima. Www myfreetaxes com philly   Un individuo que reúne los requisitos para la asistencia es un beneficiario calificado que cumple con los requisitos para la continuidad de la cobertura COBRA durante el período que comienza el 1 de septiembre de 2008, y que termina el 31 de mayo de 2010, debido al cese involuntario de empleo de un empleado amparado por la cobertura durante el período y que opta por la continuidad de la cobertura de COBRA. Www myfreetaxes com philly La asistencia para mantener la cobertura puede durar hasta 15 meses. Www myfreetaxes com philly   Los empleados que fueron despedidos durante el período que comienza el 1 septiembre de 2008 y que termina el 31 de mayo de 2010, y recibieron ofertas de indemnización que retrasaron el inicio de la continuación de cobertura COBRA, pueden ser elegibles para recibir asistencia con las primas para la continuación de cobertura COBRA. Www myfreetaxes com philly Para más información, vea Notice 2009-27 (Avisio 2009-27) que aparece en la página 838 del Internal Revenue Bulletin (Boletín de Rentas Internas 2009-16), en inglés, disponible en www. Www myfreetaxes com philly irs. Www myfreetaxes com philly gov/irb/2009-16_irb/ar09. Www myfreetaxes com philly html. Www myfreetaxes com philly   Los administradores de planes de salud colectivos (u otras entidades) que proveen o administran la continuación de la cobertura COBRA, tienen que notificarle a los individuos que cumplen con los requisitos para la asistencia de las primas de COBRA de que tienen derecho a dicha cobertura. Www myfreetaxes com philly   El 65% de la prima que no es pagada por las personas que reúnen los requisitos para la asistencia se le reembolsa a los patronos que mantienen el plan de salud colectivo. Www myfreetaxes com philly El reembolso se hace por medio de un crédito que se le aplica a las obligaciones de las contribuciones sobre la nómina del patrono. Www myfreetaxes com philly Para obtener información sobre cómo reclamar el crédito, vea las Instrucciones para el Formulario 941-PR o las Instrucciones para el Formulario 944(SP). Www myfreetaxes com philly El crédito se le trata como un depósito hecho en el primer día del período de la planilla (trimestre o año). Www myfreetaxes com philly En el caso de un plan que cubre a múltiples patronos, el crédito es reclamado por el plan, en vez del patrono. Www myfreetaxes com philly En el caso de un plan asegurado que está sujeto a los requisitos estatales para la continuidad de cobertura, el crédito es reclamado por la compañía de seguros, en vez del patrono. Www myfreetaxes com philly   Todo individuo o entidad que reclama el crédito por los pagos para la asistencia COBRA tiene que conservar la siguiente información para comprobar su reclamación: Información sobre el recibo, incluyendo fechas y cantidades, de la parte del 35% de la prima que le corresponde a la persona que reúne los requisitos para la asistencia. Www myfreetaxes com philly En el caso de un plan de seguro, una copia de la factura u otro documento comprobante emitido por la compañía aseguradora y prueba del pago a tiempo de la prima completa hecho a la compañía aseguradora que se requiere conforme los requisitos para la cobertura COBRA. Www myfreetaxes com philly En el caso de un plan autoasegurado, documentos que comprueban la cantidad de la prima y la cobertura provista a las personas que reúnen los requisitos para la asistencia. Www myfreetaxes com philly Atestiguación del cese involuntario, incluyendo la fecha de cesación (despido) involuntario para cada empleado amparado por la cobertura cuyo despido involuntario es la base para el derecho al subsidio. Www myfreetaxes com philly Prueba de que cada persona reúne los requisitos para la asistencia de la cobertura COBRA y de que ha optado por dicha cobertura. Www myfreetaxes com philly Un registro que tenga los números de Seguro Social de todos los empleados con cobertura, la cantidad del subsidio reembolsado con respecto a cada empleado con cobertura y que indique si el subsidio se debe a una persona o a dos o más personas. Www myfreetaxes com philly   Para más información, visite IRS. Www myfreetaxes com philly gov y escriba “COBRA” en la casilla Search (Buscar). Www myfreetaxes com philly La información está disponible en inglés. Www myfreetaxes com philly Ayuda para radicar documentos ante la SSA. Www myfreetaxes com philly   Si necesita ayuda en español para radicar sus formularios contributivos ante la SSA (esto incluye la solicitud de un número de identificación personal (PIN, por sus siglas en inglés)), llame a la SSA al 1-800-772-6270. Www myfreetaxes com philly Elegibilidad para empleo. Www myfreetaxes com philly   Usted tiene que verificar que cada empleado nuevo tenga derecho a trabajar legalmente en los Estados Unidos. Www myfreetaxes com philly Esto incluye completar el Formulario I-9, Employment Eligibility Verification (Verificación de elegibilidad para empleo), disponible en español, del Servicio de Ciudadanía e Inmigración de Estados Unidos (USCIS, por sus siglas en inglés). Www myfreetaxes com philly Puede obtener el formulario llamando al USCIS al 1-800-870-3676. Www myfreetaxes com philly Si desea más información, comuníquese con el USCIS al 1-800-375-5283 o visite la página web de USCIS en www. Www myfreetaxes com philly uscis. Www myfreetaxes com philly gov/espanol. Www myfreetaxes com philly Prev  Up  Next   Home   More Online Publications