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File Amended Tax Return 2012

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File Amended Tax Return 2012

File amended tax return 2012 4. File amended tax return 2012   Other Section 501(c) Organizations Table of Contents Introduction 501(c)(4) - Civic Leagues and Social Welfare OrganizationsSpecific Organizations 501(c)(5) - Labor, Agricultural and Horticultural OrganizationsLabor Organizations Agricultural and Horticultural Organizations 501(c)(6) - Business Leagues, etc. File amended tax return 2012 Line of business. File amended tax return 2012 Examples. File amended tax return 2012 Improvement of business conditions. File amended tax return 2012 Exception for local legislation. File amended tax return 2012 De minimis exception. File amended tax return 2012 Grass roots lobbying. File amended tax return 2012 501(c)(7) - Social and Recreation ClubsLimited membership. File amended tax return 2012 Support. File amended tax return 2012 Facilities open to public. File amended tax return 2012 Gross receipts from nonmembership sources. File amended tax return 2012 Gross receipts. File amended tax return 2012 Nontraditional activities. File amended tax return 2012 501(c)(8) and 501(c)(10) - Fraternal Beneficiary Societies and Domestic Fraternal SocietiesFraternal Beneficiary Societies (501(c)(8)) Domestic Fraternal Societies (501(c)(10)) 501(c)(4), 501(c)(9), and 501(c)(17) - Employees' AssociationsLocal Employees' Associations (501(c)(4)) Voluntary Employees' Beneficiary Associations (501(c)(9)) Supplemental Unemployment Benefit Trusts (501(c)(17)) 501(c)(12) - Local Benevolent Life Insurance Associations, Mutual Irrigation and Telephone Companies, and Like OrganizationsMembership. File amended tax return 2012 Losses and expenses. File amended tax return 2012 Distributions of proceeds. File amended tax return 2012 The 85% Requirement Local Life Insurance Associations Mutual or Cooperative Associations 501(c)(13) - Cemetery CompaniesBuying cemetery property. File amended tax return 2012 Perpetual care organization. File amended tax return 2012 Care of individual plots. File amended tax return 2012 501(c)(14) - Credit Unions and Other Mutual Financial OrganizationsState-Chartered Credit Unions Other Mutual Financial Organizations 501(c)(19) - Veterans' Organizations 501(c)(20) - Group Legal Services Plan Organizations 501(c)(21) - Black Lung Benefit TrustsExcise taxes. File amended tax return 2012 501(c)(2) - Title-Holding Corporations for Single Parent CorporationsExpenses. File amended tax return 2012 Waiver of payment of income. File amended tax return 2012 501(c)(25) - Title-Holding Corporations or Trusts for Multiple Parent CorporationsUnrelated Business Income 501(c)(26) - State-Sponsored High-Risk Health Coverage Organizations 501(c)(27) - Qualified State-Sponsored Workers' Compensation Organizations 501(c)(29) - CO-OP Health Insurance Issuers New Guidance for IRC 501(c)(29) Qualified Nonprofit Health Insurance Issuers General Requirements for Exemption under 501(c)(29) and Annual Filing Requirement Additional Guidance for Prospective 501(c)(29) Organizations Introduction This chapter contains specific information for certain organizations described in section 501(c), other than those organizations that are described in section 501(c)(3). File amended tax return 2012 Section 501(c)(3) organizations are covered in chapter 3 of this publication. File amended tax return 2012 The Table of Contents at the beginning of this publication, as well as the Organization Reference Chart, may help you locate at a glance the type of organization discussed in this chapter. File amended tax return 2012 501(c)(4) - Civic Leagues and Social Welfare Organizations If your organization is not organized for profit and will be operated primarily to promote social welfare to benefit the community, you should file Form 1024 to apply for recognition of exemption from federal income tax under section 501(c)(4). File amended tax return 2012 The discussion that follows describes the information you must provide when applying. File amended tax return 2012 For application procedures, see chapter 1. File amended tax return 2012 To qualify for exemption under section 501(c)(4), the organization's net earnings must be devoted primarily to charitable, educational, or recreational purposes. File amended tax return 2012 In addition, no part of the organization's net earnings can inure to the benefit of any private shareholder or individual. File amended tax return 2012 If the organization provides an excess benefit to certain persons, an excise tax may be imposed. File amended tax return 2012 See Excise tax on excess benefit transactions , under Excess Benefit Transactions in chapter 5 for more information about this tax. File amended tax return 2012 Examples. File amended tax return 2012   Types of organizations that are considered to be social welfare organizations are civic associations and volunteer fire companies. File amended tax return 2012 Nonprofit operation. File amended tax return 2012   You must submit evidence that your organization is organized and will be operated on a nonprofit basis. File amended tax return 2012 However, such evidence, including the fact that your organization is organized under a state law relating to nonprofit corporations, will not in itself establish a social welfare purpose. File amended tax return 2012 Social welfare. File amended tax return 2012   To establish that your organization is organized primarily to promote social welfare, you should submit evidence with your application showing that your organization will operate primarily to further (in some way) the common good and general welfare of the people of the community (such as by bringing about civic betterment and social improvements). File amended tax return 2012   An organization that restricts the use of its facilities to employees of selected corporations and their guests is primarily benefiting a private group rather than the community. File amended tax return 2012 It therefore does not qualify as a section 501(c)(4) organization. File amended tax return 2012 Similarly, an organization formed to represent member-tenants of an apartment complex does not qualify, since its activities benefit the member-tenants and not all tenants in the community. File amended tax return 2012 However, an organization formed to promote the legal rights of all tenants in a particular community may qualify under section 501(c)(4) as a social welfare organization. File amended tax return 2012 Political activity. File amended tax return 2012   Promoting social welfare does not include direct or indirect participation or intervention in political campaigns on behalf of or in opposition to any candidate for public office. File amended tax return 2012 However, if you submit proof that your organization is organized primarily to promote social welfare, it can obtain exemption even if it participates legally in some political activity on behalf of or in opposition to candidates for public office. File amended tax return 2012 See the discussion in chapter 2 under Political Organization Income Tax Return . File amended tax return 2012 Social or recreational activity. File amended tax return 2012   If social activities will be the primary purpose of your organization, you should not file an application for exemption as a social welfare organization but should file for exemption as a social club described in section 501(c)(7). File amended tax return 2012 Retirement benefit program. File amended tax return 2012   An organization established by its members that has as its primary activity providing supplemental retirement benefits to its members or death benefits to their beneficiaries does not qualify as an exempt social welfare organization. File amended tax return 2012 It may qualify under another paragraph of section 501(c) depending on all the facts. File amended tax return 2012   However, a nonprofit association that is established, maintained, and funded by a local government to provide the only retirement benefits to a class of employees may qualify as a social welfare organization under section 501(c)(4). File amended tax return 2012 Tax treatment of donations. File amended tax return 2012   Donations to volunteer fire companies are deductible on the donor's federal income tax return, but only if made for exclusively public purposes. File amended tax return 2012 Contributions to civic leagues or other section 501(c)(4) organizations generally are not deductible as charitable contributions for federal income tax purposes. File amended tax return 2012 They may be deductible as trade or business expenses, if ordinary and necessary in the conduct of the taxpayer's business. File amended tax return 2012 However, see Deduction not allowed for dues used for political or legislative activities , under 501(c)(6) - Business Leagues, etc. File amended tax return 2012 for more information. File amended tax return 2012 For more information on social welfare organizations, see Life Cycle of a Social Welfare Organization at IRS. File amended tax return 2012 gov. File amended tax return 2012 Specific Organizations The following information should be contained in the application form and accompanying statements of certain types of civic leagues or social welfare organizations. File amended tax return 2012 Volunteer fire companies. File amended tax return 2012   If your organization wishes to obtain exemption as a volunteer fire company or similar organization, you should submit evidence that its members are actively engaged in fire fighting and similar disaster assistance, whether it actually owns the fire fighting equipment, and whether it provides any assistance for its members, such as death and medical benefits in case of injury to them. File amended tax return 2012   If your organization does not have an independent social purpose, such as providing recreational facilities for members, it may be exempt under section 501(c)(3). File amended tax return 2012 In this event, your organization should file Form 1023. File amended tax return 2012 Homeowners' associations. File amended tax return 2012   A membership organization formed by a real estate developer to own and maintain common green areas, streets, and sidewalks and to enforce covenants to preserve the appearance of the development should show that it is operated for the benefit of all the residents of the community. File amended tax return 2012 The term community generally refers to a geographical unit recognizable as a governmental subdivision, unit, or district thereof. File amended tax return 2012 Whether a particular association meets the requirement of benefiting a community depends on the facts and circumstances of each case. File amended tax return 2012 Even if an area represented by an association is not a community, the association can still qualify for exemption if its activities benefit a community. File amended tax return 2012   The association should submit evidence that areas such as roadways and park land that it owns and maintains are open to the general public and not just its own members. File amended tax return 2012 It also must show that it does not engage in exterior maintenance of private homes. File amended tax return 2012   A homeowners' association that is not exempt under section 501(c)(4) and that is a condominium management association, a residential real estate management association, or a timeshare association generally can elect under the provisions of section 528 to receive certain tax benefits that, in effect, permit it to exclude its exempt function income from its gross income. File amended tax return 2012 Other organizations. File amended tax return 2012   Other nonprofit organizations that qualify as social welfare organizations include: An organization operating an airport that is on land owned by a local government, which supervises the airport's operation, and that serves the general public in an area with no other airport, A community association that works to improve public services, housing, and residential parking; publishes a free community newspaper; sponsors a community sports league, holiday programs, and meetings; and contracts with a private security service to patrol the community, A community association devoted to preserving the community's traditions, architecture, and appearance by representing it before the local legislature and administrative agencies in zoning, traffic, and parking matters, An organization that tries to encourage industrial development and relieve unemployment in an area by making loans to businesses so they will relocate to the area, and An organization that holds an annual festival of regional customs and traditions. File amended tax return 2012 501(c)(5) - Labor, Agricultural and Horticultural Organizations If you are a member of an organization that wants to obtain recognition of exemption from federal income tax as a labor, agricultural, or horticultural organization, you should submit an application on Form 1024. File amended tax return 2012 You must indicate in your application for exemption and accompanying statements that no part of the organization's net earnings will inure to the benefit of any member. File amended tax return 2012 In addition, you should follow the procedure for obtaining recognition of exempt status described in chapter 1. File amended tax return 2012 Submit any additional information that may be required, as described in this section. File amended tax return 2012 Tax treatment of donations. File amended tax return 2012   Contributions to labor, agricultural, and horticultural organizations are not deductible as charitable contributions on the donor's federal income tax return. File amended tax return 2012 However, such payments may be deductible as business expenses if they are ordinary and necessary in the conduct of the taxpayer's trade or business. File amended tax return 2012 For more information about certain limits affecting the deductibility of these business expenses, see Deduction not allowed for dues used for political or legislative activities , under 501(c)(6) - Business Leagues, etc. File amended tax return 2012 Labor Organizations A labor organization is an association of workers who have combined to protect and promote the interests of the members by bargaining collectively with their employers to secure better working conditions. File amended tax return 2012 To show that your organization has the purpose of a labor organization, you should include in the articles of organization or accompanying statements (submitted with your exemption application) information establishing that the organization is organized to better the conditions of workers, improve the grade of their products, and develop a higher degree of efficiency in their respective occupations. File amended tax return 2012 In addition, no net earnings of the organization can inure to the benefit of any member. File amended tax return 2012 Composition of membership. File amended tax return 2012   While a labor organization generally is composed of employees or representatives of the employees (in the form of collective bargaining agents) and similar employee groups, evidence that an organization's membership consists mainly of workers does not in itself indicate an exempt purpose. File amended tax return 2012 You must show in your application that your organization has the purposes described in the preceding paragraph. File amended tax return 2012 These purposes can be accomplished by a single labor organization acting alone or by several organizations acting together through a separate organization. File amended tax return 2012 Benefits to members. File amended tax return 2012   The payment by a labor organization of death, sick, accident, and similar benefits to its individual members with funds contributed by its members, if made under a plan to better the conditions of the members, does not preclude exemption as a labor organization. File amended tax return 2012 However, an organization does not qualify for exemption as a labor organization if it has no authority to represent members in job-related matters, even if it provides weekly income to its members in the event of a lawful strike by the members' union, in return for an annual payment by the member. File amended tax return 2012   For more information on labor organizations, see Life Cycle of a Labor Organization at IRS. File amended tax return 2012 gov. File amended tax return 2012 Agricultural and Horticultural Organizations Agricultural and horticultural organizations are connected with raising livestock, forestry, cultivating land, raising and harvesting crops or aquatic resources, cultivating useful or ornamental plants, and similar pursuits. File amended tax return 2012 For the purpose of these provisions, aquatic resources include only animal or vegetable life, but not mineral resources. File amended tax return 2012 The term harvesting, in this case, includes fishing and related pursuits. File amended tax return 2012 Agricultural organizations can be quasi-public in character and are often designed to encourage the development of better agricultural and horticultural products through a system of awards, using income from entry fees, gate receipts, and donations to meet the necessary expenses of upkeep and operation. File amended tax return 2012 When the activities are directed toward the improvement of marketing or other business conditions in one or more lines of business, rather than the improvement of production techniques or the betterment of the conditions of persons engaged in agriculture, the organization must qualify for exemption as a business league, board of trade, or other organization, as discussed next in the section on 501(c)(6) organizations. File amended tax return 2012 The primary purpose of exempt agricultural and horticultural organizations must be to better the conditions of those engaged in agriculture or horticulture, develop more efficiency in agriculture or horticulture, or improve the products. File amended tax return 2012 The following list contains some examples of activities that show an agricultural or horticultural purpose. File amended tax return 2012 Promoting various cooperative agricultural, horticultural, and civic activities among rural residents by a state, farm, or home bureau. File amended tax return 2012 Exhibiting livestock, farm products, and other characteristic features of agriculture and horticulture. File amended tax return 2012 Testing soil for members and nonmembers of the farm bureau on a cost basis, the results of the tests and other recommendations being furnished to the community members to educate them in soil treatment. File amended tax return 2012 Guarding the purity of a specific breed of livestock. File amended tax return 2012 Encouraging improvements in the production of fish on privately owned fish farms. File amended tax return 2012 Negotiating with processors for the price to be paid to members for their crops. File amended tax return 2012 For more information on agricultural or horticultural organizations, see Life Cycle of an Agricultural or Horticultural Organization at IRS. File amended tax return 2012 gov. File amended tax return 2012 501(c)(6) - Business Leagues, etc. File amended tax return 2012 If your association wants to apply for recognition of exemption from federal income tax as a nonprofit business league, chamber of commerce, real estate board, or board of trade, it should file Form 1024. File amended tax return 2012 For a discussion of the procedure to follow, see chapter 1. File amended tax return 2012 Your organization must indicate in its application form and attached statements that no part of its net earnings will inure to the benefit of any private shareholder or individual and that it is not organized for profit or organized to engage in an activity ordinarily carried on for profit (even if the business is operated on a cooperative basis or produces only sufficient income to be self-sustaining). File amended tax return 2012 In addition, your organization must be primarily engaged in activities or functions that are the basis for its exemption. File amended tax return 2012 It must be primarily supported by membership dues and other income from activities substantially related to its exempt purpose. File amended tax return 2012 A business league, in general, is an association of persons having some common business interest, the purpose of which is to promote that common interest and not to engage in a regular business of a kind ordinarily carried on for profit. File amended tax return 2012 Trade associations and professional associations are considered business leagues. File amended tax return 2012 Chamber of commerce. File amended tax return 2012   A chamber of commerce usually is composed of the merchants and traders of a city. File amended tax return 2012 Board of trade. File amended tax return 2012   A board of trade often consists of persons engaged in similar lines of business. File amended tax return 2012 For example, a nonprofit organization formed to regulate the sale of a specified agricultural commodity to assure equal treatment of producers, warehouse workers, and buyers is a board of trade. File amended tax return 2012   Chambers of commerce and boards of trade usually promote the common economic interests of all the commercial enterprises in a given trade community. File amended tax return 2012 Real estate board. File amended tax return 2012   A real estate board consists of members interested in improving the business conditions in the real estate field. File amended tax return 2012 It is not organized for profit and no part of the net earnings inures to the benefit of any private shareholder or individual. File amended tax return 2012 Professional football leagues. File amended tax return 2012   The Internal Revenue Code specifically defines professional football leagues as exempt organizations under section 501(c)(6). File amended tax return 2012 They are exempt whether or not they administer a pension fund for football players. File amended tax return 2012 General purpose. File amended tax return 2012   You must indicate in the material submitted with your application that your organization will be devoted to the improvement of business conditions of one or more lines of business as distinguished from the performance of particular services for individual persons. File amended tax return 2012 It must be shown that the conditions of a particular trade or the interests of the community will be advanced. File amended tax return 2012 Merely indicating the name of the organization or the object of the local statute under which it is created is not enough to demonstrate the required general purpose. File amended tax return 2012 Line of business. File amended tax return 2012   This term generally refers either to an entire industry or to all components of an industry within a geographic area. File amended tax return 2012 It does not include a group composed of businesses that market a particular brand within an industry. File amended tax return 2012 Common business interest. File amended tax return 2012   A common business interest of all members of the organization must be established by the application documents. File amended tax return 2012 Examples. File amended tax return 2012   Activities that would tend to illustrate a common business interest are: Promotion of higher business standards and better business methods and encouragement of uniformity and cooperation by a retail merchants association, Education of the public in the use of credit, Establishment of uniform casualty rates and compilation of statistical information by an insurance rating bureau operated by casualty insurance companies, Establishment and maintenance of the integrity of a local commercial market, Operation of a trade publication primarily intended to benefit an entire industry, and Encouragement of the use of goods and services of an entire industry (such as a lawyer referral service whose main purpose is to introduce individuals to the use of the legal profession in the hope that they will enter into lawyer-client relationships on a paying basis as a result). File amended tax return 2012 Improvement of business conditions. File amended tax return 2012   Generally, this must be shown to be the purpose of the organization. File amended tax return 2012 This is not established by evidence of particular services that provide a convenience or economy to individual members in their businesses, such as advertising that carries the name of members, interest-free loans, assigning exclusive franchise areas, operation of a real estate multiple listing system, or operation of a credit reporting agency. File amended tax return 2012 Stock or commodity exchange. File amended tax return 2012   A stock or commodity exchange is not a business league, chamber of commerce, real estate board, or board of trade and is not exempt under section 501(c)(6). File amended tax return 2012 Legislative activity. File amended tax return 2012   An organization that is exempt under section 501(c)(6) can work for the enactment of laws to advance the common business interests of the organization's members. File amended tax return 2012 Deduction not allowed for dues used for political or legislative activities. File amended tax return 2012   A taxpayer cannot deduct the part of dues or other payments to a business league, trade association, labor union, or similar organization that is reported to the taxpayer by the organization as having been used for any of the following activities. File amended tax return 2012 Influencing legislation. File amended tax return 2012 Participating or intervening in a political campaign for, or against, any candidate for public office. File amended tax return 2012 Trying to influence the general public, or part of the general public, with respect to elections, legislative matters, or referendums (also known as grass roots lobbying). File amended tax return 2012 Communicating directly with certain executive branch officials to try to influence their official actions or positions. File amended tax return 2012 See Dues Used for Lobbying or Political Activities under Required Disclosures in chapter 2 for more information. File amended tax return 2012 Exception for local legislation. File amended tax return 2012   Members can deduct dues (or assessments) to an organization that are for expenses of: Appearing before, submitting statements to, or sending communications to members of a local council or similar governing body with respect to legislation or proposed legislation of direct interest to the member, or Communicating information between the member and the organization with respect to local legislation or proposed legislation of direct interest to the organization or the member. File amended tax return 2012 Legislation or proposed legislation is of direct interest to a taxpayer if it will, or can reasonably be expected to, affect the taxpayer's trade or business. File amended tax return 2012 De minimis exception. File amended tax return 2012   In-house expenditures of $2,000 or less for the year for activities (1) – (4) listed earlier will not prevent a deduction for dues if the dues meet all other tests to be deductible as a business expense. File amended tax return 2012 Grass roots lobbying. File amended tax return 2012   A tax-exempt trade association, labor union, or similar organization is considered to be engaging in grass roots lobbying if it contacts prospective members or calls upon its own members to contact their employees and customers for the purpose of urging such persons to communicate with their elected state or Congressional representatives to support the promotion, defeat, or repeal of legislation that is of direct interest to the organization. File amended tax return 2012 Any dues or assessments directly related to such activities are not deductible by the taxpayer, since the individuals being contacted, who are not members of the organization, are a segment of the general public. File amended tax return 2012 Tax treatment of donations. File amended tax return 2012   Contributions to organizations described in this section are not deductible as charitable contributions on the donor's federal income tax return. File amended tax return 2012 They may be deductible as trade or business expenses if ordinary and necessary in the conduct of the taxpayer's business. File amended tax return 2012   For more information on business leagues, see Life Cycle of a Business League (Trade Association) on IRS. File amended tax return 2012 gov. File amended tax return 2012 501(c)(7) - Social and Recreation Clubs If your club is organized for pleasure, recreation, and other similar nonprofitable purposes and substantially all of its activities are for these purposes, it should file Form 1024 to apply for recognition of exemption from federal income tax. File amended tax return 2012 In applying for recognition of exemption, you should submit the information described in this section. File amended tax return 2012 Also see chapter 1 for the procedures to follow. File amended tax return 2012 Typical organizations that should file for recognition of exemption as social clubs include: College alumni associations that are not described in chapter 3 under Alumni association , College fraternities or sororities operating chapter houses for students, Country clubs, Amateur hunting, fishing, tennis, swimming, and other sport clubs, Dinner clubs that provide a meeting place, library, and dining room for members, Hobby clubs, Garden clubs, and Variety clubs. File amended tax return 2012 Discrimination prohibited. File amended tax return 2012   Your organization will not be recognized as tax exempt if its charter, bylaws, or other governing instrument, or any written policy statement provides for discrimination against any person on the basis of race, color, or religion. File amended tax return 2012   However, a club that in good faith limits its membership to the members of a particular religion to further the teachings or principles of that religion and not to exclude individuals of a particular race or color will not be considered as discriminating on the basis of religion. File amended tax return 2012 Also, the restriction on religious discrimination does not apply to a club that is an auxiliary of a fraternal beneficiary society (discussed later) if that society is described in section 501(c)(8) and exempt from tax under section 501(a) and limits its membership to the members of a particular religion. File amended tax return 2012 Private benefit prohibited. File amended tax return 2012   No part of the organization's net earnings can inure to the benefit of any person having a personal and private interest in the activities of the organization. File amended tax return 2012 For purposes of this requirement, it is not necessary that net earnings be actually distributed. File amended tax return 2012 Even undistributed earnings can benefit members. File amended tax return 2012 Examples of this include a decrease in membership dues or an increase in the services the club provides to its members without a corresponding increase in dues or other fees paid for club support. File amended tax return 2012 However, fixed-fee payments to members who bring new members into the club are not an inurement of the club's net earnings, if the payments are reasonable compensation for performance of a necessary administrative service. File amended tax return 2012 Purposes. File amended tax return 2012   To show that your organization possesses the characteristics of a club within the meaning of the exemption law, you should submit evidence with your application that personal contact, commingling, and fellowship exist among members. File amended tax return 2012 You must show that members are bound together by a common objective of pleasure, recreation, and other nonprofitable purposes. File amended tax return 2012   Fellowship need not be present between each member and every other member of a club if it is a material part in the life of the organization. File amended tax return 2012 A statewide or nationwide organization that is made up of individual members, but is divided into local groups, satisfies this requirement if fellowship is a material part of the life of each local group. File amended tax return 2012   The term other nonprofitable purposes means other purposes similar to pleasure and recreation. File amended tax return 2012 For example, a club that, in addition to its social activities, has a plan for the payment of sick and death benefits is not operating exclusively for pleasure, recreation, and other nonprofitable purposes. File amended tax return 2012 Limited membership. File amended tax return 2012   The membership in a social club must be limited. File amended tax return 2012 To show that your organization has a purpose that would characterize it as a club, you should submit evidence with your application that there are limits on admission to membership consistent with the character of the club. File amended tax return 2012   A social club that issues corporate membership is dealing with the general public in the form of the corporation's employees. File amended tax return 2012 Corporate members of a club are not the kind of members contemplated by the law. File amended tax return 2012 Gross receipts from these members would be a factor in determining whether the club qualifies as a social club. File amended tax return 2012 See Gross receipts from nonmembership sources , later. File amended tax return 2012 Bona fide individual memberships paid for by a corporation would not have an effect on the gross receipts source. File amended tax return 2012   The fact that a social club may have an associate (nonvoting) class of membership will not be, in and of itself, a cause for nonrecognition of exemption. File amended tax return 2012 However, if one membership class pays substantially lower dues and fees than another membership class, although both classes enjoy the same rights and privileges in using the club facilities, there may be an inurement of income to the benefited class, resulting in a denial of the club's exemption. File amended tax return 2012 Support. File amended tax return 2012   In general, your club should be supported solely by membership fees, dues, and assessments. File amended tax return 2012 However, if otherwise entitled to exemption, your club will not be disqualified because it raises revenue from members through the use of club facilities or in connection with club activities. File amended tax return 2012 Business activities. File amended tax return 2012   If your club will engage in business, such as selling real estate, timber, or other products or services, it generally will be denied exemption. File amended tax return 2012 However, evidence submitted with your application form that your organization will provide meals, refreshments, or services related to its exempt purposes only to its own members or their dependents or guests will not cause denial of exemption. File amended tax return 2012 Facilities open to public. File amended tax return 2012   Evidence that your club's facilities will be open to the general public (persons other than members or their dependents or guests) may cause denial of exemption. File amended tax return 2012 This does not mean, however, that any dealing with outsiders will automatically deprive a club of exemption. File amended tax return 2012 Gross receipts from nonmembership sources. File amended tax return 2012   A section 501(c)(7) organization can receive up to 35% of its gross receipts, including investment income, from sources outside of its membership without losing its tax-exempt status. File amended tax return 2012 Income from nontraditional business activity with members is not exempt function income, and thus is included as income from sources outside of the membership. File amended tax return 2012 Of the 35% gross receipts listed above, up to 15% of the gross receipts can be derived from the use of the club's facilities or services by the general public. File amended tax return 2012 If an organization has outside income that is more than these limits, all the facts and circumstances will be taken into account in determining whether the organization qualifies for exempt status. File amended tax return 2012 Gross receipts. File amended tax return 2012   Gross receipts, for this purpose, are receipts from the normal and usual (traditionally conducted) activities of the club. File amended tax return 2012 These receipts include charges, admissions, membership fees, dues, assessments, investment income, and normal recurring capital gains on investments. File amended tax return 2012 Receipts do not include initiation fees and capital contributions. File amended tax return 2012 Unusual amounts of income, such as from the sale of a clubhouse or similar facility, are not included in gross receipts or in figuring the percentage limits. File amended tax return 2012 Nontraditional activities. File amended tax return 2012   Activities conducted by a social club need to further its exempt purposes. File amended tax return 2012 Traditional business activities are those that further a social club's exempt purposes. File amended tax return 2012 Nontraditional business activities do not further the exempt purposes of a social club even if conducted solely on a membership basis. File amended tax return 2012 Nontraditional business activities are prohibited (subject to an insubstantial, trivial, and nonrecurrent test) for businesses conducted with both members and nonmembers. File amended tax return 2012 Examples of nontraditional business activities include sale of package liquor, take-out food, and long-term room rental. File amended tax return 2012 Fraternity foundations. File amended tax return 2012   If your organization is a foundation formed for the exclusive purpose of acquiring and leasing a chapter house to a local fraternity chapter or sorority chapter maintained at an educational institution and does not engage in any social or recreational activities, it may be a title holding corporation (discussed later under section 501(c)(2) organizations and under section 501(c)(25) organizations) rather than a social club. File amended tax return 2012 Tax treatment of donations. File amended tax return 2012   Donations to exempt social and recreation clubs are not deductible as charitable contributions on the donor's federal income tax return. File amended tax return 2012 501(c)(8) and 501(c)(10) - Fraternal Beneficiary Societies and Domestic Fraternal Societies This section describes the information to be provided upon application for recognition of exemption by two types of fraternal societies: beneficiary and domestic. File amended tax return 2012 The major distinction is that fraternal beneficiary societies provide for the payment of life, sick, accident, or other benefits to their members or their dependents, while domestic fraternal societies do not provide these benefits but rather devote their earnings to fraternal, religious, charitable, etc. File amended tax return 2012 , purposes. File amended tax return 2012 The procedures to follow in applying for recognition of exemption are described in chapter 1. File amended tax return 2012 If your organization is controlled by a central organization, you should check with your controlling organization to determine whether your unit has been included in a group exemption letter or can be added. File amended tax return 2012 If so, your organization need not apply for individual recognition of exemption. File amended tax return 2012 For more information, see Group Exemption Letter in chapter 1 of this publication. File amended tax return 2012 Tax treatment of donations. File amended tax return 2012   Donations by an individual to a domestic fraternal beneficiary society or a domestic fraternal society operating under the lodge system are deductible as charitable contributions only if used exclusively for religious, charitable, scientific, literary, or educational purposes or for the prevention of cruelty to children or animals. File amended tax return 2012 Fraternal Beneficiary Societies (501(c)(8)) A fraternal beneficiary society, order, or association must file an application for recognition of exemption from federal income tax on Form 1024. File amended tax return 2012 The application and accompanying statements should establish that the organization: Is a fraternal organization, Operates under the lodge system or for the exclusive benefit of the members of a fraternal organization itself operating under the lodge system, and Provides for the payment of life, sick, accident, or other benefits to the members of the society, order, or association or their dependents. File amended tax return 2012 Lodge system. File amended tax return 2012   Operating under the lodge system means carrying on activities under a form of organization that comprises local branches, chartered by a parent organization and largely self-governing, called lodges, chapters, or the like. File amended tax return 2012 Payment of benefits. File amended tax return 2012   It is not essential that every member be covered by the society's program of sick, accident, or death benefits. File amended tax return 2012 An organization can qualify for exemption if most of its members are eligible for benefits, and the benefits are paid from contributions or dues paid by those members. File amended tax return 2012   The benefits must be limited to members and their dependents. File amended tax return 2012 If members will have the ability to confer benefits to other than themselves and their dependents, exemption will not be recognized. File amended tax return 2012 Whole-life insurance. File amended tax return 2012   Whole-life insurance constitutes a life benefit under section 501(c)(8) even though the policy may contain investment features such as a cash surrender value or a policy loan. File amended tax return 2012 Reinsurance pool. File amended tax return 2012   Payments by a fraternal beneficiary society into a state-sponsored reinsurance pool that protects participating insurers against excessive losses on major medical health and accident insurance will not preclude exemption as a fraternal beneficiary society. File amended tax return 2012 Domestic Fraternal Societies (501(c)(10)) A domestic fraternal society, order, or association must file an application for recognition of exemption from federal income tax on Form 1024. File amended tax return 2012 The application and accompanying statements should establish that the organization: Is a domestic fraternal organization organized in the U. File amended tax return 2012 S. File amended tax return 2012 , Operates under the lodge system, Devotes its net earnings exclusively to religious, charitable, scientific, literary, educational, and fraternal purposes, and Does not provide for the payment of life, sick, accident, or other benefits to its members. File amended tax return 2012 The organization can arrange with insurance companies to provide optional insurance to its members without jeopardizing its exempt status. File amended tax return 2012 501(c)(4), 501(c)(9), and 501(c)(17) - Employees' Associations This section describes the information to be provided upon application for recognition of exemption by the following types of employees' associations: A voluntary employees' beneficiary association (including federal employees' associations) organized to pay life, sick, accident, and similar benefits to members or their dependents, or designated beneficiaries, if no part of the net earnings of the association inures to the benefit of any private shareholder or individual, and A supplemental unemployment benefit trust whose primary purpose is providing for payment of supplemental unemployment benefits. File amended tax return 2012 Both the application form to file and the information to provide are discussed later under the section that describes your employee association. File amended tax return 2012 Chapter 1 describes the procedures to follow in applying for exemption. File amended tax return 2012 Tax treatment of donations. File amended tax return 2012   Donations to these organizations are not deductible as charitable contributions on the donor's federal income tax return. File amended tax return 2012 Local Employees' Associations (501(c)(4)) A local association of employees whose membership is limited to employees of a designated person or persons in a particular municipality, and whose income will be devoted exclusively to charitable, educational, or recreational purposes. File amended tax return 2012 A local employees' association must apply for recognition of exemption by filing Form 1024. File amended tax return 2012 The organization must submit evidence that: It is of a purely local character, Its membership is limited to employees of a designated person or persons in a particular locality, and Its net earnings will be devoted exclusively to charitable, educational, or recreational purposes. File amended tax return 2012 A local association of employees that has established a system of paying retirement or death benefits, or both, to its members will not qualify for exemption since the payment of these benefits is not considered as being for charitable, educational, or recreational purposes. File amended tax return 2012 Similarly, a local association of employees that is operated primarily as a cooperative buying service for its members in order to obtain discount prices on merchandise, services, and activities does not qualify for exemption. File amended tax return 2012 Voluntary Employees' Beneficiary Associations (501(c)(9)) An application for recognition of exemption as a voluntary employees' beneficiary association must be filed on Form 1024. File amended tax return 2012 The material submitted with the application must show that your organization: Is a voluntary association of employees, Will provide for payment of life, sick, accident, or other benefits to members or their dependents or designated beneficiaries and substantially all of its operations are for this purpose, and Will not allow any of its net earnings to inure to the benefit of any private individual or shareholder except in the form of scheduled benefit payments. File amended tax return 2012 To be complete, an application must include a copy of the document (such as the trust instrument) by which the organization was created; a full description of the benefits available to participants and the terms and conditions of eligibility for benefits (usually contained in a plan document); and, if providing benefits pursuant to a collective bargaining agreement, a copy of that agreement. File amended tax return 2012 Note. File amended tax return 2012 Under section 4976, the reversion of funds from a section 501(c)(9) organization to the employer who created the beneficiary association may subject the employer to a 100% penalty excise tax on the amount of the reversion. File amended tax return 2012 Notice requirement. File amended tax return 2012   An organization will not be considered tax exempt under this section unless the organization gives notice to the IRS that it is applying for recognition of exempt status. File amended tax return 2012 The organization gives notice by filing Form 1024. File amended tax return 2012 If the notice is not given by 15 months after the end of the month in which the organization was created, the organization will not be exempt for any period before notice is given. File amended tax return 2012 An extension of time for filing the notice can be granted under the same procedures as those described for section 501(c)(3) organizations in chapter 3 under Application for Recognition of Exemption . File amended tax return 2012 Membership. File amended tax return 2012   Membership of a section 501(c)(9) organization must consist of individuals who are employees and have an employment-related common bond. File amended tax return 2012 This common bond can be a common employer (or affiliated employers), coverage under one or more collective bargaining agreements, membership in a labor union, or membership in one or more locals of a national or international labor union. File amended tax return 2012   The membership of an association can include some individuals who are not employees, provided they have an employment-related bond with the employee-members. File amended tax return 2012 For example, the owner of a business whose employees are members of the association can be a member. File amended tax return 2012 An association will be considered composed of employees if 90% of its total membership on one day of each quarter of its tax year consists of employees. File amended tax return 2012 Employees. File amended tax return 2012   Employees include individuals who became entitled to membership because they are or were employees. File amended tax return 2012 For example, an individual will qualify as an employee even though the individual is on a leave of absence or has been terminated due to retirement, disability, or layoff. File amended tax return 2012   Generally, membership is voluntary if an affirmative act is required on the part of an employee to become a member. File amended tax return 2012 Conversely, membership is involuntary if the designation as a member is due to employee status. File amended tax return 2012 However, an association will be considered voluntary if employees are required to be members of the organization as a condition of their employment and they do not incur a detriment (such as a payroll deduction) as a result of their membership. File amended tax return 2012 An employer has not imposed involuntary membership on the employee if membership is required as the result of a collective bargaining agreement or as an incident of membership in a labor organization. File amended tax return 2012 Payment of benefits. File amended tax return 2012   The information submitted with your application must show that your organization will pay life, sick, accident, supplemental unemployment, or other similar benefits. File amended tax return 2012 The benefits can be provided directly by your association or indirectly by your association through the payments of premiums to an insurance company (or fees to a medical clinic). File amended tax return 2012 Benefits can be in the form of medical, clinical, or hospital services, transportation furnished for medical care, or money payments. File amended tax return 2012 Nondiscrimination requirements. File amended tax return 2012   An organization that is part of a plan will not be exempt unless the plan meets certain nondiscrimination requirements. File amended tax return 2012 However, if the organization is part of a plan that is a collective bargaining agreement that was the subject of good faith bargaining between employee organizations and employers, the plan need not meet these requirements for the organization to qualify as tax exempt. File amended tax return 2012   A plan meets the nondiscrimination requirements only if both of the following statements are true. File amended tax return 2012 Each class of benefits under the plan is provided under a classification of employees that is set forth in the plan and does not discriminate in favor of employees who are highly compensated individuals. File amended tax return 2012 The benefits provided under each class of benefits do not discriminate in favor of highly compensated individuals. File amended tax return 2012 A life insurance, disability, severance pay, or supplemental unemployment compensation benefit does not discriminate in favor of highly compensated individuals merely because the benefits available bear a uniform relationship to the total compensation, or the basic or regular rate of compensation, of employees covered by the plan. File amended tax return 2012   For purposes of determining whether a plan meets the nondiscrimination requirements, the employer can elect to exclude all disability or severance payments payable to individuals who are in pay status as of January 1, 1985. File amended tax return 2012 This will not apply to any increase in such payment by any plan amendment adopted after June 22, 1984. File amended tax return 2012   If a plan provides a benefit for which there is a nondiscrimination provision provided under Chapter 1 of the Internal Revenue Code as a condition of that benefit being excluded from gross income, these nondiscrimination requirements do not apply. File amended tax return 2012 The benefit will be considered nondiscriminatory only if it meets the nondiscrimination provision of the applicable Code section. File amended tax return 2012 For example, benefits provided under a medical reimbursement plan would meet the nondiscrimination requirements for an association, if the benefits meet the nondiscrimination requirements of section 105(h)(3) and 105(h)(4). File amended tax return 2012 Excluded employees. File amended tax return 2012   Certain employees who are not covered by a plan can be excluded from consideration in applying these requirements. File amended tax return 2012 These include employees: Who have not completed 3 years of service, Who have not attained age 21, Who are seasonal or less than half-time employees, Who are not in the plan and who are included in a unit of employees covered by a collective bargaining agreement if the class of benefits involved was the subject of good faith bargaining, or Who are nonresident aliens and who receive no earned income from the employer that has United States source income. File amended tax return 2012 Highly compensated individual. File amended tax return 2012   A highly compensated individual is one who: Owned 5 percent or more of the employer at any time during the current year or the preceding year, Received more than $115,000 in compensation from the employer for the preceding year (the amount is annualized for inflation. File amended tax return 2012 Go to IRS. File amended tax return 2012 gov, and search “Pension Plan Limitation” for the year), and Was among the top 20% of employees by compensation for the preceding year. File amended tax return 2012 However, the employer can choose not to have (3) apply. File amended tax return 2012 Aggregation rules. File amended tax return 2012   The employer can choose to treat two or more plans as one plan for purposes of meeting the nondiscrimination requirements. File amended tax return 2012 Employees of controlled groups of corporations, trades, or businesses under common control, or members of an affiliated service group, are treated as employees of a single employer. File amended tax return 2012 Leased employees are treated as employees of the recipient. File amended tax return 2012 One employee. File amended tax return 2012   A trust created to provide benefits to one employee will not qualify as a voluntary employees' beneficiary association under section 501(c)(9). File amended tax return 2012 Supplemental Unemployment Benefit Trusts (501(c)(17)) A trust or trusts forming part of a written plan (established and maintained by an employer, his or her employees, or both) providing solely for the payment of supplemental unemployment compensation benefits must file the application for recognition of exemption on Form 1024. File amended tax return 2012 The trust must be a valid, existing trust under local law and must be evidenced by an executed document. File amended tax return 2012 A conformed copy of the plan of which the trust is a part should be attached to the application. File amended tax return 2012 To be complete, an application must include a copy of the document (such as the trust instrument) by which the organization was created; a full description of the benefits available to participants and the terms and conditions of eligibility for benefits (usually contained in a plan document); and, if providing benefits pursuant to a collective bargaining agreement, a copy of that agreement. File amended tax return 2012 Note. File amended tax return 2012 Under section 4976, the reversion of funds from a section 501(c)(17) organization to the employer who created the supplemental unemployment benefit trust may subject the employer to a 100% penalty excise tax on the amount of the reversion. File amended tax return 2012 Notice requirement. File amended tax return 2012   An organization will not be considered tax exempt under this section unless the organization gives notice to the IRS that it is applying for recognition of exempt status. File amended tax return 2012 The organization gives notice by filing Form 1024. File amended tax return 2012 If the notice is not given by 15 months after the end of the month in which the organization was created, the organization will not be exempt for any period before such notice is given. File amended tax return 2012 An extension of time for filing the notice is granted under the same procedures as those described for section 501(c)(3) organizations in chapter 3 under Application for Recognition of Exemption . File amended tax return 2012 Types of payments. File amended tax return 2012   You must show that the supplemental unemployment compensation benefits will be benefits paid to an employee because of the employee's involuntary separation from employment (whether or not the separation is temporary) resulting directly from a reduction-in-force, discontinuance of a plant or operation, or other similar conditions. File amended tax return 2012 In addition, sickness and accident benefits (but not vacation, retirement, or death benefits) may be included in the plan if these are subordinate to the unemployment compensation benefits. File amended tax return 2012 Diversion of funds. File amended tax return 2012   It must be impossible under the plan (at any time before the satisfaction of all liabilities with respect to employees under the plan) to use or to divert any of the corpus or income of the trust to any purpose other than the payment of supplemental unemployment compensation benefits (or sickness or accident benefits to the extent just explained). File amended tax return 2012 Discrimination in benefits. File amended tax return 2012   Neither the terms of the plan nor the actual payment of benefits can be discriminatory in favor of the company's officers, stockholders, supervisors, or highly paid employees. File amended tax return 2012 However, a plan is not discriminatory merely because benefits bear a uniform relationship to compensation or the rate of compensation. File amended tax return 2012 Prohibited transactions and exemption. File amended tax return 2012   If your organization is a supplemental unemployment benefit trust and has received a denial of exemption because it engaged in a prohibited transaction, as defined by section 503(b), it can file a claim for exemption in any tax year following the tax year in which the notice of denial was issued. File amended tax return 2012 It must file the claim on Form 1024. File amended tax return 2012 The organization must include a written declaration that it will not knowingly again engage in a prohibited transaction. File amended tax return 2012 An authorized principal officer of your organization must make this declaration under the penalties of perjury. File amended tax return 2012   If your organization has satisfied all requirements as a supplemental unemployment benefit trust described in section 501(c)(17), it will be notified in writing that it has been recognized as exempt. File amended tax return 2012 However, the organization will be exempt only for those tax years after the tax year in which the claim for exemption (Form 1024) is filed. File amended tax return 2012 Tax year in this case means the established annual accounting period of the organization or, if the organization has not established an annual accounting period, the calendar year. File amended tax return 2012 For more information about the requirements for reestablishing an exemption previously denied, contact the IRS. File amended tax return 2012 501(c)(12) - Local Benevolent Life Insurance Associations, Mutual Irrigation and Telephone Companies, and Like Organizations Each of the following organizations apply for recognition of exemption from federal income tax by filing Form 1024. File amended tax return 2012 Benevolent life insurance associations of a purely local character and like organizations. File amended tax return 2012 Mutual ditch or irrigation companies and like organizations. File amended tax return 2012 Mutual or cooperative telephone companies and like organizations. File amended tax return 2012 A like organization is an organization that performs a service comparable to that performed by any one of the above organizations. File amended tax return 2012 The information to be provided upon application by each of these organizations is described in this section. File amended tax return 2012 For information as to the procedures to follow in applying for exemption, see chapter 1. File amended tax return 2012 General requirements. File amended tax return 2012   These organizations must use their income solely to cover losses and expenses, with any excess being returned to members or retained to cover future losses and expenses. File amended tax return 2012 They must collect at least 85% of their income from members for the sole purpose of meeting losses and expenses. File amended tax return 2012 Mutual character. File amended tax return 2012   These organizations, other than benevolent life insurance associations, must be organized and operated on a mutual or cooperative basis. File amended tax return 2012 They are associations of persons or organizations, or both, banded together to provide themselves a mutually desirable service approximately at cost and on a mutual basis. File amended tax return 2012 To maintain the mutual characteristic of democratic ownership and control, they must be so organized and operated that their members have the right to choose the management, to receive services at cost, to receive a return of any excess of payments over losses and expenses, and to share in any assets upon dissolution. File amended tax return 2012   The rights and interests of members in the annual savings of the organization must be determined in proportion to their business with the organization. File amended tax return 2012 Upon dissolution, gains from the sale of appreciated assets must be distributed to all persons who were members during the period the assets were owned by the organization in proportion to the amount of business done during that period. File amended tax return 2012 The bylaws must not provide for forfeiture of a member's rights and interest upon withdrawal or termination. File amended tax return 2012 Membership. File amended tax return 2012   Membership of a mutual organization consists of those who join the organization to obtain its services, and have a voice in its management. File amended tax return 2012 In a stock company, the stockholders are members. File amended tax return 2012 However, a mutual life insurance organization cannot have policyholders other than its members. File amended tax return 2012 Losses and expenses. File amended tax return 2012   In furnishing services substantially at cost, an organization must use its income solely for paying losses and expenses. File amended tax return 2012 Any excess income not retained in reasonable reserves for future losses and expenses belongs to members in proportion to their patronage or business done with the organization. File amended tax return 2012 If such patronage refunds are retained in reasonable amounts for purposes of expanding and improving facilities, retiring capital indebtedness, acquiring other assets, and unexpected expenses, the organization must maintain records sufficient to reflect the equity of each member in the assets acquired with the funds. File amended tax return 2012 Distributions of proceeds. File amended tax return 2012   The cooperative may distribute the unexpended balance of collections or assessments remaining on hand at the end of the year to members or patrons prorated on the basis of their patronage or business done with the cooperative. File amended tax return 2012 Such distribution represents a refund in the costs of services rendered to the member. File amended tax return 2012 The 85% Requirement All of the organizations listed above must submit evidence with their application that they receive 85% or more of their gross income from their members for the sole purpose of meeting losses and expenses. File amended tax return 2012 Nevertheless, certain items of income are excluded from the computation of the 85% requirement if the organization is a mutual or cooperative telephone or electric company. File amended tax return 2012 Mutual or cooperative telephone company. File amended tax return 2012   A mutual or cooperative telephone company will exclude from the computation of the 85% requirement any income received or accrued from: A nonmember telephone company for the performance of communication services involving the completion of long distance calls to, from, or between members of the mutual or cooperative telephone company, Qualified pole rentals, The sale of display listings in a directory furnished to its members, or The prepayment of a loan created in 1987, 1988, or 1989, under section 306A, 306B, or 311 of the Rural Electrification Act of 1936. File amended tax return 2012 Mutual or cooperative electric company. File amended tax return 2012   A mutual or cooperative electric company will exclude from the computation of the 85% requirement any income received or accrued from: Qualified pole rentals, Any provision or sale of electric energy transmission services or ancillary service if the services are provided on a nondiscriminatory open access basis under an open access transmission tariff approved or accepted by the Federal Energy Regulatory Commission (FERC) or under an independent transmission provider agreement approved or accepted by FERC (other than income received or accrued directly or indirectly from a member), The provision or sale of electric energy distribution services or ancillary services if the services are provided on a nondiscriminatory open-access basis to distribute electric energy not owned by the mutual or electric cooperative company: To end-users who are served by distribution facilities not owned by the company or any of its members (other than income received or accrued directly or indirectly from a member), or Generated by a generation facility not owned or leased by the company or any of its members and which is directly connected to distribution facilities owned by the company or any of its members (other than income received or accrued directly or indirectly from a member), Any nuclear decommissioning transaction, or Any asset exchange or conversion transaction. File amended tax return 2012   An electric cooperative's sale of excess fuel at cost in the year of purchase is not income for purposes of determining compliance with the 85% requirement. File amended tax return 2012 Qualified pole rental. File amended tax return 2012   The term qualified pole rental means any rental of a pole (or other structure used to support wires) if the pole (or other structure) is used: By the telephone or electric company to support one or more wires that are used by the company in providing telephone or electric services to its members, and Pursuant to the rental to support one or more wires (in addition to wires described in (1)) for use in connection with the transmission by wire of electricity or of telephone or other communications. File amended tax return 2012   The term rental, for this purpose, includes any sale of the right to use the pole (or other structure). File amended tax return 2012 The 85% requirement is applied on the basis of an annual accounting period. File amended tax return 2012 Failure of an organization to meet the requirement in a particular year precludes exemption for that year, but has no effect upon exemption for years in which the 85% requirement is met. File amended tax return 2012 Gain from the sale or conversion of the organization's property is not considered an amount received from members in determining whether the organization's income consists of amounts collected from members. File amended tax return 2012 Because the 85% income test is based on gross income, capital losses cannot be used to reduce capital gains for purposes of this test. File amended tax return 2012 Example. File amended tax return 2012   The books of an organization reflect the following for the calendar year. File amended tax return 2012 Collections from members $2,400 Short-term capital gains 600 Short-term capital losses 400 Other income None Gross income ($2,400 + $600 =$3000) 100% Collected from members ($2,400) 80%   Since amounts collected from members do not constitute at least 85% of gross income, the organization is not entitled to exemption from federal income tax for the year. File amended tax return 2012   Voluntary contributions in the nature of gifts are not taken into account for purposes of the 85% computation. File amended tax return 2012   Other tax-exempt income besides gifts is considered as income received from other than members in applying the 85% test. File amended tax return 2012   If the 85% test is not met, your organization, if classifiable under this section, will not qualify for exemption as any other type of organization described in this publication. File amended tax return 2012 Tax treatment of donations. File amended tax return 2012   Donations to an organization described in this section are not deductible as charitable contributions on the donor's federal income tax return. File amended tax return 2012 Local Life Insurance Associations A benevolent life insurance association or an organization seeking recognition of exemption on grounds of similarity to a benevolent life insurance association must submit evidence upon applying for recognition of exemption that it will be of a purely local character, that its excess funds will be refunded to members or retained in reasonable reserves to meet future losses and expenses, and that it meets the 85% income requirement. File amended tax return 2012 If an organization issues policies for stipulated cash premiums, or if it requires advance deposits to cover the cost of the insurance and maintains investments from which more than 15% of its income is derived, it will not be entitled to exemption. File amended tax return 2012 To establish that your organization is of a purely local character, it should show that its activities will be confined to a particular community, place, or district irrespective of political subdivisions. File amended tax return 2012 If the activities of an organization are limited only by the borders of a state, it cannot be purely local in character. File amended tax return 2012 A benevolent life insurance association that does not terminate membership when a member moves from the local area in which the association operates will qualify for exemption if it meets the other requirements. File amended tax return 2012 A copy of each type of policy issued by your organization should be included with the application for recognition of exemption. File amended tax return 2012 Organizations similar to local benevolent life insurance companies. File amended tax return 2012   These organizations include those that in addition to paying death benefits also provide for the payment of sick, accident, or health benefits. File amended tax return 2012 However, an organization that pays only sick, accident, or health benefits, but not life insurance benefits, is not an organization similar to a benevolent life insurance association and should not apply for recognition of exemption as described in this section. File amended tax return 2012 Burial and funeral benefit insurance organization. File amended tax return 2012   This type of organization can apply for recognition of exemption as an organization similar to a benevolent life insurance company if it establishes that the benefits are paid in cash and if it is not engaged directly in the manufacture of funeral supplies or the performance of funeral services. File amended tax return 2012 An organization that provides its benefits in the form of supplies and service is not a life insurance company. File amended tax return 2012 Such an organization can seek recognition of exemption from federal income tax, however, as a mutual insurance company other than life. File amended tax return 2012 Mutual or Cooperative Associations Mutual ditch or irrigation companies, mutual or cooperative telephone companies, and like organizations need not establish that they are of a purely local character. File amended tax return 2012 They can serve noncontiguous areas. File amended tax return 2012 Like organization. File amended tax return 2012   A like organization is a cooperative or mutual organization that performs a service similar to mutual ditch, irrigation, telephone, or electric companies. File amended tax return 2012 Examples include the following: cooperatives that provide protection of river banks to prevent erosion, water and sewer services, cable television, satellite, television, cellular phone services, two-way radio service, or natural gas services. File amended tax return 2012 501(c)(13) - Cemetery Companies If your organization wishes to obtain recognition of exemption from federal income tax as a cemetery company or a corporation chartered solely for the purpose of the disposal of human bodies by burial or cremation, it must file an application on Form 1024. File amended tax return 2012 For the procedure to follow to file an application, see Application, Approval, and Appeal Procedures in chapter 1. File amended tax return 2012 A nonprofit mutual cemetery company that seeks recognition of exemption should submit evidence with its application that it is owned and operated exclusively for the benefit of its lot owners who hold lots for bona fide burial purposes and not for purposes of resale. File amended tax return 2012 A mutual cemetery company that also engages in charitable activities, such as the burial of paupers, will be regarded as operating within this standard. File amended tax return 2012 The fact that a mutual cemetery company limits its membership to a particular class of individuals, such as members of a family, will not affect its status as mutual so long as all the other requirements of section 501(c)(13) are met. File amended tax return 2012 If your organization is a nonprofit corporation chartered solely for the purpose of the disposal of human bodies by burial or cremation, you should show that it is not permitted by its charter to engage in any business not necessarily incident to that purpose. File amended tax return 2012 Operating a mortuary is not permitted. File amended tax return 2012 However, selling monuments, markers, vaults, and flowers solely for use in the cemetery is permitted if the profits from these sales are used to maintain the cemetery as a whole. File amended tax return 2012 How income can be used. File amended tax return 2012   You should show that your organization's earnings are or will be used only in one or more of the following ways. File amended tax return 2012 To pay the ordinary and necessary expenses of operating, maintaining, and improving the cemetery or crematorium. File amended tax return 2012 To buy cemetery property. File amended tax return 2012 To create a fund that will provide a source of income for the perpetual care of the cemetery or a reasonable reserve for any ordinary or necessary purpose. File amended tax return 2012 No part of the net earnings of your organization can inure to the benefit of any private shareholder or individual. File amended tax return 2012 Ordinary and necessary expenses in connection with the operation, management, maintenance, and improvement of the cemetery are permitted, as are reasonable fees for the services of a manager. File amended tax return 2012 Buying cemetery property. File amended tax return 2012   Payments can be made to amortize debt incurred to buy land, but cannot be in the nature of profit distributions. File amended tax return 2012 You must show the method used to finance the purchase of the cemetery property and that the purchase price of the land at the time of its sale to the cemetery was not unreasonable. File amended tax return 2012   Except for holders of preferred stock (discussed later), no person can have any interest in the net earnings of a tax-exempt cemetery company or crematorium. File amended tax return 2012 Therefore, if property is transferred to the organization in exchange for an interest in the organization's net earnings, the organization will not
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The File Amended Tax Return 2012

File amended tax return 2012 31. File amended tax return 2012   Impuesto sobre Ingresos No Derivados del Trabajo de Determinados Hijos Table of Contents ¿Que Hay de Nuevo? Introduction Useful Items - You may want to see: Cómo Saber si se Tiene que Utilizar la Declaración del Padre o de la MadrePadres que no Presentan la Declaración Conjunta Elección de los Padres de Declarar los Intereses y Dividendos del HijoConsecuencias de Incluir los Ingresos del Hijo Cómo Calcular los Ingresos del Hijo Cómo Calcular el Impuesto Adicional Impuesto para Determinados Hijos con Ingresos No Derivados del TrabajoCómo Facilitar Información sobre los Padres (líneas A-C del Formulario 8615) Paso 1. File amended tax return 2012 Cómo Calcular los Ingresos Netos No Derivados del Trabajo del Hijo (Parte I del Formulario 8615) Paso 2. File amended tax return 2012 Cómo Calcular el Impuesto Provisional a la Tasa Impositiva de los Padres (Parte II del Formulario 8615) Paso 3. File amended tax return 2012 Cómo Calcular el Impuesto del Hijo (Parte III del Formulario 8615) ¿Que Hay de Nuevo? Impuesto sobre el ingreso neto de inversiones. File amended tax return 2012  Para años empezando después del 31 de diciembre de 2012, el impuesto de un hijo, el cual se calcula en el Formulario 8615, puede estar sujeto al impuesto sobre el ingreso neto de inversiones (NIIT, por sus siglas en inglés). File amended tax return 2012 El NIIT es un impuesto de 3. File amended tax return 2012 8% sobre la cantidad menor entre el ingreso neto de inversión o el exceso del ingreso bruto ajustado modificado (MAGI) del hijo que exceda del límite superior específico. File amended tax return 2012 Utilice el Formulario 8960, Net Investment Income Tax (Impuesto sobre ingreso neto de inversiones), en inglés, para calcular este impuesto. File amended tax return 2012 Para más información sobre el NIIT, visite www. File amended tax return 2012 irs. File amended tax return 2012 gov e ingrese “Net Investment Income Tax” en la casilla de búsqueda “Search” (Buscar), en inglés. File amended tax return 2012 Introduction Este capítulo explica los dos requisitos siguientes, los cuales podrían afectar el impuesto sobre ingresos no derivados del trabajo de determinados hijos: Si los ingresos procedentes de intereses y dividendos del hijo (incluidas las distribuciones de ganancias de capital) totalizan menos de $10,000, el padre o la madre tal vez pueda optar por incluir dichos ingresos en la declaración de uno de los padres en vez de presentar una declaración a nombre del hijo. File amended tax return 2012 Vea Elección de los Padres de Declarar Intereses y Dividendos del Hijo , más adelante. File amended tax return 2012 Si el total de intereses, dividendos y otros ingresos no derivados del trabajo del hijo sobrepasa $2,000, una parte de dichos ingresos podría estar sujeta a la misma tasa de impuesto que la de sus padres en lugar de estar sujeta a la tasa del hijo. File amended tax return 2012 (Vea Impuesto para Determinados Hijos con Ingresos No Derivados del Trabajo , más adelante). File amended tax return 2012 En lo que concierne a estos requisitos, el término “hijo” abarca a hijos legalmente adoptados e hijastros. File amended tax return 2012 Estos requisitos corresponden tanto si el hijo es dependiente como si no lo es. File amended tax return 2012 Useful Items - You may want to see: Publicación 929 Tax Rules for Children and Dependents (Requisitos tributarios para hijos y dependientes), en inglés Formulario (e Instrucciones) 8615 Tax for Certain Children Who Have Unearned Income (Impuesto para determinados hijos con ingresos no derivados del trabajo), en inglés 8814 Parents' Election To Report Child's Interest and Dividends (Elección de los padres de declarar los intereses y dividendos del hijo), en inglés Cómo Saber si se Tiene que Utilizar la Declaración del Padre o de la Madre Si los padres del hijo están casados el uno con el otro y presentan una declaración conjunta, básese en la declaración conjunta para calcular el impuesto sobre los ingresos no derivados del trabajo de dicho hijo. File amended tax return 2012 La tasa impositiva y otra información de dicha declaración se utiliza para calcular el impuesto del hijo según se explica más adelante bajo Impuesto para Determinados Hijos con Ingresos No Derivados del Trabajo . File amended tax return 2012 Padres que no Presentan la Declaración Conjunta Para los padres que no presenten la declaración conjunta, los siguientes temas aclaran, cuál declaración de impuestos de los padres tiene que utilizar para calcular el impuesto. File amended tax return 2012 Sólo el padre o la madre cuya declaración se utilice puede elegir la opción descrita bajo Elección de los Padres de Declarar Intereses y Dividendos del Hijo . File amended tax return 2012 Padres casados. File amended tax return 2012   Si los padres del hijo presentan declaraciones por separado, utilice la declaración de quien tenga el mayor ingreso tributable. File amended tax return 2012 Padres que no viven juntos. File amended tax return 2012   Si los padres del hijo están casados el uno con el otro pero no viven juntos, y el padre o la madre con quien vive el hijo (el padre o la madre con custodia) se considera no casado, utilice la declaración del padre o de la madre con custodia. File amended tax return 2012 Si el padre o la madre con custodia no es considerado no casado, utilice la declaración de quien tenga el mayor ingreso tributable. File amended tax return 2012   Para una explicación sobre cuándo una persona casada que vive aparte de su cónyuge es considerada no casada, vea Cabeza de Familia en el capítulo 2. File amended tax return 2012 Padres divorciados. File amended tax return 2012   Si los padres del hijo están divorciados o legalmente separados y el padre o la madre que tuvo la custodia del hijo durante la mayor parte del año (el padre o la madre con custodia) no se ha vuelto a casar, utilice la declaración del padre o de la madre con custodia. File amended tax return 2012 Padre o madre con custodia que se ha vuelto a casar. File amended tax return 2012   Si el padre o la madre con custodia ha vuelto a casarse, el padrastro o la madrastra (en vez del padre o la madre sin custodia) se considera el otro padre o la otra madre del hijo. File amended tax return 2012 Por lo tanto, si el padre o la madre con custodia y el padrastro o la madrastra presentan una declaración conjunta, utilice dicha declaración conjunta. File amended tax return 2012 No utilice la declaración del padre o de la madre sin custodia. File amended tax return 2012   Si el padre o la madre con custodia está casado con el padrastro o la madrastra pero presentan declaraciones por separado, utilice la declaración de quien tenga el mayor ingreso tributable. File amended tax return 2012 Si el padre o la madre con custodia está casado con el padrastro o la madrastra pero no viven juntos, corresponde el tema anterior Padres que no viven juntos . File amended tax return 2012 Padres que nunca se han casado. File amended tax return 2012   Si los padres del hijo nunca han estado casados el uno con el otro pero vivieron juntos durante todo el año, utilice la declaración de quien tenga el mayor ingreso tributable. File amended tax return 2012 Si los padres no vivieron juntos durante todo el año, corresponden los requisitos explicados anteriormente bajo Padres divorciados . File amended tax return 2012 Padre viudo o madre viuda que se vuelve a casar. File amended tax return 2012   Si un viudo o una viuda vuelve a casarse, el nuevo cónyuge se considera el otro padre o la otra madre del hijo. File amended tax return 2012 En este caso, corresponden los requisitos explicados anteriormente bajo Padre o madre con custodia que se ha vuelto a casar . File amended tax return 2012 Elección de los Padres de Declarar los Intereses y Dividendos del Hijo Tal vez pueda optar por incluir los ingresos de su hijo procedentes de intereses y dividendos (incluidas las distribuciones de ganancias de capital) en la declaración de impuestos. File amended tax return 2012 En tal caso, su hijo no estará obligado a presentar una declaración. File amended tax return 2012 Puede elegir esta opción sólo si se cumplen todas las condiciones siguientes: Su hijo tenía menos de 19 años de edad (o tenía menos de 24 años si era estudiante a tiempo completo) al finalizar el año. File amended tax return 2012 Su hijo recibió ingresos sólo de intereses y dividendos (incluidas las distribuciones de ganancias de capital y dividendos del Alaska Permanent Fund (Fondo Permanente de Alaska)). File amended tax return 2012 Los ingresos brutos del hijo eran menos de $10,000. File amended tax return 2012 El hijo está obligado a presentar la declaración a no ser que usted elija incluir estos ingresos. File amended tax return 2012 El hijo no presenta una declaración conjunta correspondiente al año actual. File amended tax return 2012 No se efectuó ningún pago de impuestos estimados para el año ni se aplicó a este año ningún pago del año anterior (ni de una declaración enmendada) en exceso bajo el nombre y número de Seguro Social de su hijo. File amended tax return 2012 No se retuvo de los ingresos de su hijo ningún impuesto federal sobre los ingresos conforme a las reglas de la retención adicional. File amended tax return 2012 Usted es el padre o la madre cuya declaración se tiene que utilizar al aplicar los requisitos tributarios especiales para hijos. File amended tax return 2012 (Vea Cómo Saber si se Tiene que Utilizar la Declaración del Padre o de la Madre , anteriormente). File amended tax return 2012 Estas condiciones se hallan también en la Figura 31-A. File amended tax return 2012 Determinados cumpleaños el 1 de enero. File amended tax return 2012   Un hijo que haya nacido el 1 de enero de 1995 se considerará de 19 años de edad al final del año 2013. File amended tax return 2012 Usted no puede optar por declarar los intereses y dividendos de tal hijo a menos que éste fuera estudiante a tiempo completo. File amended tax return 2012   Aquel hijo que haya nacido el 1 de enero de 1990 se considerará de 24 años de edad al final del año 2013. File amended tax return 2012 Usted no puede optar por declarar los intereses y dividendos de tal hijo. File amended tax return 2012 Estudiante a tiempo completo. File amended tax return 2012   Un estudiante a tiempo completo es un hijo matriculado como tal durante alguna parte de cada uno de 5 meses del año calendario en una escuela o que asistió a tiempo completo a un curso de capacitación agrícola ofrecido sobre el terreno por una escuela, agencia del estado, condado o gobierno local. File amended tax return 2012 El término “escuela” abarca escuelas politécnicas, profesionales e industriales. File amended tax return 2012 Una escuela no incluye un curso de capacitación en el trabajo, escuela por correspondencia, ni escuelas que ofrecen cursos sólo por Internet. File amended tax return 2012 Cómo optar por incluir los ingresos de su hijo. File amended tax return 2012   Elija incluir los ingresos de su hijo adjuntando el Formulario 8814 al Formulario 1040. File amended tax return 2012 (Si opta por hacer esto, no puede presentar el Formulario 1040A ni el Formulario 1040EZ). File amended tax return 2012 Adjunte un Formulario 8814 distinto correspondiente a cada hijo cuyos ingresos desee incluir. File amended tax return 2012 Puede incluir los ingresos de uno o más hijos y no incluir los ingresos de otros. File amended tax return 2012 Consecuencias de Incluir los Ingresos del Hijo El impuesto federal sobre los ingresos de su hijo podría ser mayor si opta por usar el Formulario 8814. File amended tax return 2012 La tasa impositiva podría ser más alta. File amended tax return 2012   Si su hijo recibió dividendos calificados o distribuciones de ganancias de capital, usted podría pagar hasta $100 adicionales de impuestos si incluye los ingresos de su hijo en vez de presentar una declaración de impuestos por separado a nombre del hijo. File amended tax return 2012 Esto se debe a que la tasa impositiva que corresponde a los ingresos de su hijo entre $1,000 y $2,000 es de 10% si usted opta por incluirlos. File amended tax return 2012 No obstante, si presenta una declaración por separado en nombre del hijo, la tasa impositiva podría bajar hasta 0% (porcentaje de cero) debido a las tasas impositivas preferentes para dividendos calificados y distribuciones de ganancias de capital. File amended tax return 2012 Deducciones que no puede tomar. File amended tax return 2012   Al hacer la elección de incluir estos ingresos en el Formulario 8814, no puede tomar ninguna de las deducciones siguientes a la que el hijo tendría derecho en su propia declaración. File amended tax return 2012 La deducción estándar adicional si el hijo es ciego. File amended tax return 2012 La deducción por una multa por el retiro prematuro de los ahorros de su hijo. File amended tax return 2012 Deducciones detalladas (como gastos de inversiones de su hijo o donaciones caritativas). File amended tax return 2012 Deducciones o créditos reducidos. File amended tax return 2012   Si utiliza el Formulario 8814, su ingreso bruto ajustado aumentado podría reducir determinados créditos o deducciones en la declaración, incluyendo lo siguiente: Deducciones por aportaciones a una cuenta de ahorros tradicional para la jubilación (IRA, por sus siglas en inglés). File amended tax return 2012 Deducciones por intereses sobre un préstamo de estudios. File amended tax return 2012 Deducciones detalladas por gastos médicos, pérdidas por hecho fortuito y robo y ciertos gastos misceláneos. File amended tax return 2012 Crédito por gastos del cuidado de hijos y dependientes. File amended tax return 2012 Crédito tributario por hijos. File amended tax return 2012 Créditos tributarios por estudios. File amended tax return 2012 Crédito por ingreso del trabajo. File amended tax return 2012 Figura 31-A. File amended tax return 2012 ¿Puede Incluir Usted en su Declaración de Impuestos los Ingresos de su Hijo? Please click here for the text description of the image. File amended tax return 2012 Figura 31–A. File amended tax return 2012 ¿Puede Incluir Usted en su Declaración de Impuestos los Ingresos de su Hijo? Multa por pago insuficiente del impuesto estimado. File amended tax return 2012   Si elige incluir estos ingresos para 2013 y no se le retuvo impuesto suficiente o no pagó suficiente impuesto estimado para saldar los impuestos adeudados, podría estar sujeto a una multa. File amended tax return 2012 Si piensa elegir lo mismo para 2014, es posible que necesite aumentar la retención de impuestos federales sobre el ingreso o los pagos de impuesto estimado para evitar la multa. File amended tax return 2012 Vea el capítulo 4 para más información. File amended tax return 2012 Cómo Calcular los Ingresos del Hijo Utilice la Parte I del Formulario 8814 para calcular los ingresos de su hijo procedentes de intereses y dividendos declarados por usted. File amended tax return 2012 A sus ingresos sólo se le añade la cantidad que sea superior a $2,000. File amended tax return 2012 La cantidad superior a $2,000 se indica en la línea 6 del Formulario 8814. File amended tax return 2012 A menos que los ingresos del hijo abarquen dividendos calificados o distribuciones de ganancias de capital (explicadas a continuación), la misma cantidad se indica en la línea 12 del Formulario 8814. File amended tax return 2012 Incluya la cantidad de la línea 12 del Formulario 8814 en la línea 21 del Formulario 1040. File amended tax return 2012 Anote en inglés “Form 8814” en la línea de puntos al lado de la línea 21. File amended tax return 2012 Si presenta más de un Formulario 8814, incluya el total de los montos de la línea 12 de todos los Formularios 8814 en la línea 21 del Formulario 1040. File amended tax return 2012 Distribuciones de ganancias de capital y dividendos calificados. File amended tax return 2012   Si se incluye alguna distribución de ganancias de capital en los ingresos de dividendos de su hijo, vea Capital gain distributions (Distribuciones de ganancias de capital) bajo Figuring Child's Income (Cómo calcular los ingresos del hijo) en la Parte 2 de la Publicación 929, en inglés. File amended tax return 2012 Si se incluye algún dividendo calificado en los ingresos de dividendos de su hijo, vea Qualified dividends (Dividendos calificados) bajo Figuring Child's Income (Cómo calcular los ingresos del hijo) en la Parte 2 de la Publicación 929, en inglés. File amended tax return 2012 Cómo Calcular el Impuesto Adicional Utilice la Parte II del Formulario 8814 para calcular el impuesto sobre los $2,000 de los intereses y dividendos de su hijo que no incluya usted en sus ingresos. File amended tax return 2012 Este impuesto se suma al impuesto calculado sobre los ingresos suyos. File amended tax return 2012 Dicho impuesto adicional es la cantidad que sea menor entre: El 10% (multiplicado por la cantidad de los ingresos brutos de su hijo menos $1,000) o $100. File amended tax return 2012 Incluya el monto de la línea 15 de todos los Formularios 8814 en el total de la línea 44 del Formulario 1040. File amended tax return 2012 Marque el recuadro a de la línea 44 del Formulario 1040. File amended tax return 2012 Figura 31-B. File amended tax return 2012 ¿Tiene que Utilizar el Formulario 8615 para Calcular los Impuestos de su Hijo? Please click here for the text description of the image. File amended tax return 2012 Figura 31-B. File amended tax return 2012 ¿Tiene que Utilizar el Formulario 8615 para Calcular los Impuestos de su Hijo? Impuesto para Determinados Hijos con Ingresos No Derivados del Trabajo Si el total de intereses, dividendos y otros ingresos no derivados del trabajo de un hijo sobrepasa $2,000, una parte de dichos ingresos podría estar sujeta a la misma tasa impositiva que la de sus padres en lugar de estar sujeta a la tasa del hijo. File amended tax return 2012 Si el padre o la madre no elige, o no puede elegir, incluir los ingresos del hijo en su declaración, utilice el Formulario 8615 para calcular los impuestos del hijo. File amended tax return 2012 Adjunte el formulario completado al Formulario 1040 o al Formulario 1040A del hijo. File amended tax return 2012 Cuándo se tiene que presentar el Formulario 8615. File amended tax return 2012   El Formulario 8615 tiene que presentarse para un hijo si se dan todas las siguientes condiciones: Los ingresos del hijo no derivados del trabajo eran superiores a $2,000. File amended tax return 2012 El hijo está obligado a presentar una declaración para 2013. File amended tax return 2012 Dicho hijo: Era menor de 18 años de edad al final del año, Tenía 18 años a finales del año y su ingreso del trabajo no constituía más de la mitad de su manutención o Era estudiante a tiempo completo mayor de 18 años y menor de 24 años al finalizar el año y su ingreso del trabajo no constituía más de la mitad de la manutención suya. File amended tax return 2012 Por lo menos uno de los padres del hijo estaba vivo al finalizar el año 2013. File amended tax return 2012 El hijo no presenta una declaración conjunta para 2013. File amended tax return 2012 Estas condiciones se hallan también en la Figura 31-B. File amended tax return 2012 Ingreso del trabajo. File amended tax return 2012   El ingreso del trabajo incluye sueldos, salarios, propinas y otras remuneraciones recibidas por servicios personales que usted prestó. File amended tax return 2012 No incluye los ingresos no derivados del trabajo según se define más adelante en este capítulo. File amended tax return 2012 Manutención. File amended tax return 2012   La manutención de su hijo incluye todas las cantidades gastadas para proveerle alimentos, alojamiento, ropa, educación, cuidado médico y dental, recreación, transporte y necesidades similares. File amended tax return 2012 Al calcular la manutención de su hijo, incluya aquélla proporcionada por usted, su hijo y otras personas. File amended tax return 2012 Sin embargo, no se considera como manutención una beca que su hijo haya recibido si éste es estudiante a tiempo completo. File amended tax return 2012 Vea el capítulo 3 para más detalles acerca de la manutención. File amended tax return 2012 Determinados cumpleaños el 1 de enero. File amended tax return 2012   Utilice la siguiente tabla para saber si determinados hijos con cumpleaños en el 1 de enero cumplen la condición 3 bajo Cuándo se tiene que presentar el Formulario 8615. File amended tax return 2012    SI un hijo nació. File amended tax return 2012 . File amended tax return 2012 . File amended tax return 2012 ENTONCES, al finalizar 2013, se considera que el hijo tiene. File amended tax return 2012 . File amended tax return 2012 . File amended tax return 2012 el 1 de enero de 1996 18 años* el 1 de enero de 1995 19 años** el 1 de enero de 1990 24 años*** *Este hijo no es menor de 18 años. File amended tax return 2012 El hijo cumple la condición 3 sólo si éste no tuvo ingresos derivados del trabajo superiores a más de la mitad de la manutención suya. File amended tax return 2012  **El hijo cumple la condición 3 sólo si éste era estudiante a tiempo completo y no tuvo ingresos derivados del trabajo superiores a más de la mitad de la manutención suya. File amended tax return 2012  ***No utilice el Formulario 8615 para este hijo. File amended tax return 2012 Cómo Facilitar Información sobre los Padres (líneas A-C del Formulario 8615) En las líneas A y B del Formulario 8615, escriba el nombre y número de Seguro Social de los padres. File amended tax return 2012 (Si los padres presentaron una declaración conjunta, escriba el nombre y número de Seguro Social que aparezca primero en la declaración conjunta). File amended tax return 2012 En la línea C, marque el recuadro correspondiente al estado civil para efectos de la declaración del padre o de la madre. File amended tax return 2012 Vea Cómo Saber si se Tiene que Utilizar la Declaración del Padre o de la Madre al principio de este capítulo para información sobre qué información de la declaración de los padres tiene que utilizar para llenar el Formulario 8615. File amended tax return 2012 Padre o madre con año tributario distinto. File amended tax return 2012   Si el padre o la madre y el hijo no tienen el mismo año tributario, complete el Formulario 8615 utilizando la información de la declaración del padre o de la madre para el año tributario que finalice durante el año tributario del hijo. File amended tax return 2012 Si no se obtiene a tiempo la información de la declaración del padre o de la madre. File amended tax return 2012   Si la información necesaria de la declaración de los padres no se obtiene para la fecha de vencimiento del plazo de entrega de la declaración del hijo (normalmente el 15 de abril), puede utilizar cálculos aproximados para presentar la declaración. File amended tax return 2012   Puede utilizar cualquier cálculo aproximado razonable. File amended tax return 2012 Dicho cálculo puede derivarse de información de la declaración del año anterior. File amended tax return 2012 Si utiliza un cálculo aproximado en el Formulario 8615, anote en inglés, “Estimated” (Aproximado) en la línea junto a dicha cantidad. File amended tax return 2012    Cuando obtenga la información correcta, presente una declaración enmendada utilizando el Formulario 1040X, Amended U. File amended tax return 2012 S. File amended tax return 2012 Individual Income Tax Return (Declaración enmendada de impuestos sobre el ingreso personal de los Estados Unidos), en inglés. File amended tax return 2012   En vez de utilizar cálculos aproximados, quizás pueda conseguir una prórroga automática de 6 meses para presentar la declaración de impuestos si para la fecha de vencimiento del plazo de entrega de la misma, presenta el Formulario 4868(SP), Solicitud de Prórroga Automática para Presentar la Declaración del Impuesto sobre el Ingreso Personal de los Estados Unidos (o el Formulario 4868, en inglés). File amended tax return 2012 Las prórrogas se explican en el capítulo 1 . File amended tax return 2012 Paso 1. File amended tax return 2012 Cómo Calcular los Ingresos Netos No Derivados del Trabajo del Hijo (Parte I del Formulario 8615) Al calcular el impuesto de un hijo utilizando el Formulario 8615, el primer paso es calcular los ingresos netos no derivados del trabajo del hijo. File amended tax return 2012 Para hacerlo, utilice la Parte I del Formulario 8615. File amended tax return 2012 Línea 1 (ingresos no derivados del trabajo). File amended tax return 2012   Si el hijo no recibió ingresos del trabajo, anote en esta línea los ingresos brutos ajustados indicados en la declaración del hijo. File amended tax return 2012 Los ingresos brutos ajustados aparecen en la línea 38 del Formulario 1040 o en la línea 22 del Formulario 1040A. File amended tax return 2012 No se puede utilizar el Formulario 1040EZ si se tiene que presentar el Formulario 8615. File amended tax return 2012   Si el hijo sí recibió ingresos del trabajo, calcule la cantidad a anotar en la línea 1 del Formulario 8615 utilizando la hoja de trabajo de las instrucciones del formulario. File amended tax return 2012   No obstante, si el hijo: ha excluido de la declaración algunos ingresos ganados en el extranjero, ha deducido alguna pérdida del trabajo por cuenta propia o ha deducido alguna pérdida neta de operación de otro año, utilice la Alternate Worksheet (Hoja de trabajo alternativa) para la línea 1 del Formulario 8615 que se encuentra en la Publicación 929, en inglés, para calcular la cantidad a anotar en la línea 1 del Formulario 8615. File amended tax return 2012 Definición de los ingresos no derivados del trabajo. File amended tax return 2012   Los ingresos no derivados del trabajo generalmente son todos los ingresos que no sean sueldos, salarios ni otras cantidades recibidas como pago por trabajo que de hecho se haya realizado. File amended tax return 2012 Dichos ingresos abarcan los intereses tributables, dividendos (inclusive las distribuciones de ganancias de capital), ganancias de capital, compensación por desempleo, la parte sujeta a impuestos de pagos del Seguro Social y pensiones y determinadas distribuciones de fideicomisos. File amended tax return 2012 Además, los ingresos no derivados del trabajo abarcan cantidades derivadas de bienes que el hijo haya adquirido con ingresos del trabajo (como intereses sobre una cuenta de ahorros en la que el hijo haya depositado sueldos). File amended tax return 2012 Ingresos no sujetos a impuestos. File amended tax return 2012   Para este fin, los ingresos no derivados del trabajo sólo abarcan cantidades que su hijo tenga que incluir en el total de ingresos. File amended tax return 2012 No se incluyen los ingresos no tributables no derivados del trabajo, tales como los intereses exentos de impuestos y la parte no tributable de pagos del Seguro Social y pensiones. File amended tax return 2012 Ingresos procedentes de bienes recibidos como regalo. File amended tax return 2012   Los ingresos no derivados del trabajo de un hijo abarcan todo ingreso generado por bienes que pertenezcan al hijo. File amended tax return 2012 Esto es así aun si se le traspasaron los bienes al hijo, independientemente de cuándo se traspasaron o se compraron dichos bienes ni quién los traspasó. File amended tax return 2012   Los ingresos no derivados del trabajo de un hijo incluyen ingresos generados por bienes dados al hijo como regalo. File amended tax return 2012 Esto incluye regalos dados al hijo por los abuelos o cualquier otra persona y regalos dados conforme a la Uniform Gift to Minors Act (Ley de Uniformidad Respecto a Regalos a Menores). File amended tax return 2012 Ejemplo. File amended tax return 2012 Amanda Naranjo, de 13 años de edad, recibió los siguientes ingresos: Dividendos — $800 Salarios — $2,100 Intereses tributables — $1,200 Intereses exentos de impuestos — $100 Ganancias netas de capital — $100 Los dividendos eran dividendos calificados sobre acciones que le habían regalado sus abuelos. File amended tax return 2012 Los ingresos no derivados del trabajo de Amanda son $2,100. File amended tax return 2012 Éste es el total de dividendos ($800), intereses tributables ($1,200) y ganancias netas de capital ($100). File amended tax return 2012 Su salario se considera ingreso del trabajo, y no de ingreso no derivado del trabajo porque se le paga por un trabajo que de hecho se ha realizado. File amended tax return 2012 No se incluyen los intereses exentos de impuestos porque éstos no están sujetos a impuestos. File amended tax return 2012 Ingresos provenientes de fideicomisos. File amended tax return 2012   Si el hijo es beneficiario de un fideicomiso, las distribuciones de intereses, dividendos, ganancias de capital y otros ingresos no derivados del trabajo tributables procedentes de dicho fideicomiso se consideran ingresos no derivados del trabajo del hijo. File amended tax return 2012   No obstante, para llenar el Formulario 8615, una distribución tributable de un fideicomiso calificado establecido para casos de incapacidad no se considera ingresos no derivados del trabajo sino ingresos del trabajo. File amended tax return 2012 Línea 2 (deducciones). File amended tax return 2012   Si el hijo no detalla las deducciones en el Anexo A del Formulario 1040, anote $2,000 en la línea 2. File amended tax return 2012   Si el hijo sí detalla las deducciones, anote en la línea 2 la cantidad mayor entre: $1,000 más la parte de las deducciones detalladas del hijo de la línea 29 del Anexo A del Formulario 1040 que esté directamente relacionada con la generación de ingresos no derivados del trabajo anotados en la línea 1 o $2,000. File amended tax return 2012 Relación directa entre las deducciones y la generación de ingresos no derivados del trabajo. File amended tax return 2012   Se considera que las deducciones detalladas están directamente relacionadas con la generación de ingresos no derivados del trabajo si las mismas corresponden a gastos pagados para generar o cobrar ingresos sujetos a impuestos o para administrar, conservar o mantener bienes cuyo fin es generar ingresos. File amended tax return 2012 Esos gastos abarcan cargos por custodia y servicios, cargos por servicios de cobro de intereses y dividendos tributables y determinados cargos por asesoramiento sobre inversiones. File amended tax return 2012   Estos gastos se suman a otras deducciones detalladas misceláneas en el Anexo A (Formulario 1040). File amended tax return 2012 Sólo se puede deducir la cantidad que sea superior al 2% de los ingresos brutos ajustados del hijo. File amended tax return 2012 Vea el capítulo 28 para más información. File amended tax return 2012 Ejemplo 1. File amended tax return 2012 Roberto, de 12 años de edad, tiene ingresos no derivados del trabajo de $8,000, sin otros ingresos ni ajustes a los ingresos. File amended tax return 2012 Tiene deducciones detalladas de $300 (netas del límite del 2%) que están directamente relacionadas con sus ingresos no derivados del trabajo. File amended tax return 2012 Tiene ingresos brutos ajustados de $8,000 que se anotan en la línea 38 del Formulario 1040 y en la línea 1 del Formulario 8615. File amended tax return 2012 En la línea 2 se anotan $2,000 porque dicha cantidad supera la suma de $1,000 más las deducciones detalladas de $300 directamente relacionadas con la generación de ingresos de inversiones. File amended tax return 2012 Ejemplo 2. File amended tax return 2012 Elena, de 8 años de edad, tiene ingresos no derivados del trabajo de $16,000 y tiene una multa de $100 por retiro prematuro. File amended tax return 2012 No tiene otros ingresos. File amended tax return 2012 Tiene deducciones detalladas de $1,050 (netas del límite del 2%) que están directamente relacionadas con la generación de sus ingresos no derivados del trabajo. File amended tax return 2012 Sus ingresos brutos ajustados, anotados en la línea 1, son $15,900 ($16,000 − $100). File amended tax return 2012 La cantidad de la línea 2 es $2,050. File amended tax return 2012 Ésta es la cantidad mayor de: $1,000 más los $1,050 de deducciones detalladas directamente relacionadas con la generación de ingresos de inversiones o $2,000. File amended tax return 2012 Línea 3. File amended tax return 2012   De la línea 1 reste la línea 2 y anote el resultado en esta línea. File amended tax return 2012 Si es cero o menos, no llene el resto del formulario. File amended tax return 2012 No obstante, tiene que adjuntar el Formulario 8615 a la declaración del hijo. File amended tax return 2012 Calcule el impuesto sobre los ingresos tributables del hijo de manera normal. File amended tax return 2012 Línea 4 (ingresos tributables del hijo). File amended tax return 2012   Anote en la línea 4 los ingresos tributables del hijo provenientes de la línea 43 del Formulario 1040 o de la línea 27 del Formulario 1040A. File amended tax return 2012   Sin embargo, si el hijo presenta el Formulario 2555 o el Formulario 2555-EZ para declarar la exclusión de ingresos ganados en el extranjero, la exclusión por concepto de vivienda o la deducción por concepto de vivienda, vea las Instrucciones del Formulario 8615 o la Publicación 929, ambas en inglés. File amended tax return 2012 Línea 5 (ingresos netos no derivados del trabajo). File amended tax return 2012   Los ingresos netos no derivados del trabajo del hijo no pueden sobrepasar sus ingresos tributables. File amended tax return 2012 Anote en la línea 5 del Formulario 8615 la cantidad de la línea 3 o la línea 4, la que sea menor. File amended tax return 2012 Esta cantidad corresponde a los ingresos netos no derivados del trabajo del hijo. File amended tax return 2012   Si es cero o menos, no llene el resto del formulario. File amended tax return 2012 No obstante, tiene que adjuntar el Formulario 8615 a la declaración del hijo. File amended tax return 2012 Calcule el impuesto sobre los ingresos tributables del hijo de manera normal. File amended tax return 2012 Paso 2. File amended tax return 2012 Cómo Calcular el Impuesto Provisional a la Tasa Impositiva de los Padres (Parte II del Formulario 8615) El siguiente paso al llenar el Formulario 8615 es calcular un impuesto provisional sobre los ingresos netos no derivados del trabajo del hijo utilizando la tasa impositiva del padre o de la madre. File amended tax return 2012 El impuesto provisional a la tasa impositiva del padre o de la madre es la diferencia entre el impuesto sobre los ingresos tributables del padre o de la madre calculados con los ingresos netos no derivados del trabajo del hijo (más los ingresos netos no derivados del trabajo de cualquier otro hijo cuyo Formulario 8615 incluya la información de la declaración de impuestos del padre o de la madre) y el impuesto calculado sin dichos ingresos. File amended tax return 2012 Al calcular el impuesto provisional a la tasa impositiva del padre o de la madre en el Formulario 8615, no vuelva a calcular las exclusiones, deducciones ni créditos en la declaración del padre o de la madre debido a los ingresos netos no derivados del trabajo del hijo. File amended tax return 2012 Por ejemplo, no vuelva a calcular la deducción por gastos médicos. File amended tax return 2012 Calcule el impuesto provisional en las líneas 6 a 13 del Formulario 8615. File amended tax return 2012 Nota: Si el hijo o el padre o la madre tiene pérdidas o ganancias de capital, obtenga la Publicación 929, en inglés, para información que le será de ayuda al completar la Parte II del Formulario 8615. File amended tax return 2012 Línea 6 (ingresos tributables del padre o de la madre). File amended tax return 2012   Anote en la línea 6 los ingresos tributables del padre o de la madre provenientes de la línea 43 del Formulario 1040, de la línea 27 del Formulario 1040A o la línea 6 del Formulario 1040EZ. File amended tax return 2012   Si utilizó la Foreign Earned Income Tax Worksheet (Hoja de trabajo para el impuesto sobre los ingresos del trabajo en el extranjero) de las instrucciones del Formulario 1040 para calcular el impuesto correspondiente al padre o a la madre, anote la cantidad de la línea 3 de dicha hoja de trabajo en vez de los ingresos tributables del padre o de la madre. File amended tax return 2012 Línea 7 (ingresos netos no derivados del trabajo de otros hijos). File amended tax return 2012   Si la información de la declaración del padre o de la madre se utiliza también en el Formulario 8615 de otro hijo, anote en la línea 7 el total de las cantidades de la línea 5 de los Formularios 8615 de todos los demás hijos. File amended tax return 2012 No incluya la cantidad de la línea 5 del Formulario 8615 que esté llenando. File amended tax return 2012 Ejemplo. File amended tax return 2012 Pablo y Juana del Pozo tienen tres hijos, Sandra, Geraldo y Miguel, quienes tienen que adjuntar el Formulario 8615 a sus declaraciones de impuestos respectivas. File amended tax return 2012 Los ingresos netos no derivados del trabajo de los hijos en la línea 5 de sus Formularios 8615 son: Sandra — $800 Geraldo — $600 Miguel — $1,000 La línea 7 del Formulario 8615 de Sandra indicará $1,600, o sea, el total de las cantidades anotadas en la línea 5 de los Formularios 8615 de Geraldo y Miguel. File amended tax return 2012 La línea 7 del Formulario 8615 de Geraldo indicará $1,800 ($800 + $1,000). File amended tax return 2012 La línea 7 del Formulario 8615 de Miguel indicará $1,400 ($800 + $600). File amended tax return 2012 Si no está disponible la información de los otros hijos. File amended tax return 2012   Si no está disponible la cantidad de los ingresos netos no derivados del trabajo de los otros hijos antes de que venza el plazo para presentar la declaración, preséntela anotando cálculos aproximados o solicite una prórroga del plazo para presentarla. File amended tax return 2012 Vea Si no se obtiene a tiempo la información de la declaración del padre o de la madre , anteriormente. File amended tax return 2012 Línea 11 (impuesto provisional). File amended tax return 2012   Reste la línea 10 de la línea 9 y anote el resultado en esta línea. File amended tax return 2012 Éste es el impuesto provisional. File amended tax return 2012   Si la línea 7 está en blanco, ignore las líneas 12a y 12b y anote en la línea 13 la cantidad proveniente de la línea 11. File amended tax return 2012 Ignore asimismo el tema siguiente que trata de las líneas 12a y 12b. File amended tax return 2012 Líneas 12a y 12b (dividiendo el impuesto provisional). File amended tax return 2012   Si anota alguna cantidad en la línea 7 (fuera de cero), divida el impuesto provisional indicado en la línea 11 entre los hijos según la participación de cada hijo en el total de los ingresos netos no derivados del trabajo. File amended tax return 2012 Esto se hace en las líneas 12a, 12b y 13. File amended tax return 2012 Sume la cantidad de la línea 7 a la de la línea 5 y anote el total en la línea 12a. File amended tax return 2012 Divida la cantidad de la línea 5 entre la de la línea 12a y anote el resultado, como número decimal, en la línea 12b. File amended tax return 2012 Ejemplo. File amended tax return 2012 En el ejemplo anterior bajo Línea 7 (ingresos netos no derivados del trabajo de otros hijos), el Formulario 8615 de Sandra indica $1,600 en la línea 7. File amended tax return 2012 La cantidad anotada en la línea 12a es $2,400, o sea, el total de las cantidades provenientes de las líneas 5 y 7 ($800 + $1,600). File amended tax return 2012 El número decimal en la línea 12b es . File amended tax return 2012 333, calculado de la siguienta manera y redondeado hasta tres decimales:   $800 = . File amended tax return 2012 333     $2,400   Paso 3. File amended tax return 2012 Cómo Calcular el Impuesto del Hijo (Parte III del Formulario 8615) El último paso para calcular el impuesto de su hijo utilizando el Formulario 8615 es determinar la cantidad mayor entre: El total de: La parte del impuesto provisional correspondiente al hijo basado en la tasa impositiva del padre o de la madre, más El impuesto sobre los ingresos tributables del hijo que sean superiores a los ingresos netos no derivados del trabajo, calculado a la tasa impositiva del hijo o El impuesto sobre los ingresos tributables del hijo calculado a la tasa impositiva del hijo. File amended tax return 2012 Éste es el impuesto del hijo. File amended tax return 2012 Se calcula en las líneas 14 a 18 del Formulario 8615. File amended tax return 2012 Impuesto mínimo alternativo. File amended tax return 2012   Un hijo puede estar sujeto al impuesto mínimo alternativo (AMT, por sus siglas en inglés) si cuenta con determinados elementos que reciben un trato preferente conforme a la ley tributaria. File amended tax return 2012 Vea el tema titulado Impuesto Mínimo Alternativo (AMT) , en el capítulo 30. File amended tax return 2012    Para información adicional acerca de quién tiene que pagar el AMT y cómo calcularlo, vea el Formulario 6251, Alternative Minimum Tax—Individuals (Impuesto mínimo alternativo—individuos), en inglés. File amended tax return 2012 Para información sobre límites especiales aplicables a un hijo que presente el Formulario 6251, vea Certain Children Under Age 24 (Determinados hijos menores de 24 años de edad), en las Instrucciones para el Formulario 6251, en inglés. File amended tax return 2012 Prev  Up  Next   Home   More Online Publications