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Free Self Tax Preparation Online

Free self tax preparation online 6. Free self tax preparation online   How To Report Table of Contents Where To ReportGifts. Free self tax preparation online Statutory employees. Free self tax preparation online Vehicle Provided by Your Employer ReimbursementsAccountable Plans Nonaccountable Plans Rules for Independent Contractors and Clients How To Use Per Diem Rate TablesThe Two Substantiation Methods Transition Rules Completing Forms 2106 and 2106-EZInformation on use of cars. Free self tax preparation online Standard mileage rate. Free self tax preparation online Actual expenses. Free self tax preparation online Car rentals. Free self tax preparation online Hours of service limits. Free self tax preparation online Allocating your reimbursement. Free self tax preparation online 1. Free self tax preparation online Limit on meals and entertainment. Free self tax preparation online 2. Free self tax preparation online Limit on miscellaneous itemized deductions. Free self tax preparation online 3. Free self tax preparation online Limit on total itemized deductions. Free self tax preparation online Special Rules This chapter explains where and how to report the expenses discussed in this publication. Free self tax preparation online It discusses reimbursements and how to treat them under accountable and nonaccountable plans. Free self tax preparation online It also explains rules for independent contractors and clients, fee-basis officials, certain performing artists, Armed Forces reservists, and certain disabled employees. Free self tax preparation online The chapter ends with illustrations of how to report travel, entertainment, gift, and car expenses on Forms 2106 and 2106-EZ. Free self tax preparation online Where To Report This section provides general information on where to report the expenses discussed in this publication. Free self tax preparation online Self-employed. Free self tax preparation online   You must report your income and expenses on Schedule C (Form 1040) or Schedule C-EZ (Form 1040) if you are a sole proprietor, or on Schedule F (Form 1040) if you are a farmer. Free self tax preparation online You do not use Form 2106 or 2106-EZ. Free self tax preparation online    If you claim car or truck expenses, you must provide certain information on the use of your vehicle. Free self tax preparation online You provide this information on Schedule C (Form 1040), Schedule C-EZ (Form 1040), or Form 4562. Free self tax preparation online   If you file Schedule C (Form 1040): Report your travel expenses, except meals, on line 24a, Report your deductible meals (actual cost or standard meal allowance) and entertainment on line 24b, Report your gift expenses and transportation expenses, other than car expenses, on line 27a, and Report your car expenses on line 9. Free self tax preparation online Complete Part IV of the form unless you have to file Form 4562 for depreciation or amortization. Free self tax preparation online   If you file Schedule C-EZ (Form 1040), report the total of all business expenses on line 2. Free self tax preparation online You can only include 50% of your meals and entertainment in that total. Free self tax preparation online If you include car expenses, you must also complete Part III of the form. Free self tax preparation online    If you file Schedule F (Form 1040): Report your car expenses on line 10. Free self tax preparation online Attach Form 4562 and provide information on the use of your car in Part V of Form 4562. Free self tax preparation online Report all other business expenses discussed in this publication on line 32. Free self tax preparation online You can only include 50% of your meals and entertainment on that line. Free self tax preparation online See your form instructions for more information on how to complete your tax return. Free self tax preparation online Both self-employed and an employee. Free self tax preparation online   If you are both self-employed and an employee, you must keep separate records for each business activity. Free self tax preparation online Report your business expenses for self-employment on Schedule C (Form 1040), Schedule C-EZ (Form 1040), or Schedule F (Form 1040), as discussed earlier. Free self tax preparation online Report your business expenses for your work as an employee on Form 2106 or 2106-EZ, as discussed next. Free self tax preparation online Employees. Free self tax preparation online    If you are an employee, you generally must complete Form 2106 to deduct your travel, transportation, and entertainment expenses. Free self tax preparation online However, you can use the shorter Form 2106-EZ instead of Form 2106 if you meet all of the following conditions. Free self tax preparation online You are an employee deducting expenses attributable to your job. Free self tax preparation online You were not reimbursed by your employer for your expenses (amounts included in box 1 of your Form W-2 are not considered reimbursements). Free self tax preparation online If you claim car expenses, you use the standard mileage rate. Free self tax preparation online   For more information on how to report your expenses on Forms 2106 and 2106-EZ, see Completing Forms 2106 and 2106-EZ , later. Free self tax preparation online Gifts. Free self tax preparation online   If you did not receive any reimbursements (or the reimbursements were all included in box 1 of your Form W-2), the only business expense you are claiming is for gifts, and the Special Rules discussed later do not apply to you, do not complete Form 2106 or 2106-EZ. Free self tax preparation online Instead, claim the amount of your deductible gifts directly on line 21 of Schedule A (Form 1040). Free self tax preparation online Statutory employees. Free self tax preparation online    If you received a Form W-2 and the “Statutory employee” box in box 13 was checked, report your income and expenses related to that income on Schedule C (Form 1040) or Schedule C-EZ (Form 1040). Free self tax preparation online Do not complete Form 2106 or 2106-EZ. Free self tax preparation online   Statutory employees include full-time life insurance salespersons, certain agent or commission drivers, traveling salespersons, and certain homeworkers. Free self tax preparation online If you are entitled to a reimbursement from your employer but you do not claim it, you cannot claim a deduction for the expenses to which that unclaimed reimbursement applies. Free self tax preparation online Reimbursement for personal expenses. Free self tax preparation online    If your employer reimburses you for nondeductible personal expenses, such as for vacation trips, your employer must report the reimbursement as wage income in box 1 of your Form W-2. Free self tax preparation online You cannot deduct personal expenses. Free self tax preparation online Income-producing property. Free self tax preparation online   If you have travel or transportation expenses related to income-producing property, report your deductible expenses on the form appropriate for that activity. Free self tax preparation online   For example, if you have rental real estate income and expenses, report your expenses on Schedule E (Form 1040), Supplemental Income and Loss. Free self tax preparation online See Publication 527, Residential Rental Property, for more information on the rental of real estate. Free self tax preparation online If you have deductible investment-related transportation expenses, report them on Schedule A (Form 1040), line 23. Free self tax preparation online Vehicle Provided by Your Employer If your employer provides you with a car, you may be able to deduct the actual expenses of operating that car for business purposes. Free self tax preparation online The amount you can deduct depends on the amount that your employer included in your income and the business and personal miles you drove during the year. Free self tax preparation online You cannot use the standard mileage rate. Free self tax preparation online Value reported on Form W-2. Free self tax preparation online   Your employer can figure and report either the actual value of your personal use of the car or the value of the car as if you used it only for personal purposes (100% income inclusion). Free self tax preparation online Your employer must separately state the amount if 100% of the annual lease value was included in your income. Free self tax preparation online If you are unsure of the amount included on your Form W-2, ask your employer. Free self tax preparation online Full value included in your income. Free self tax preparation online   You can deduct the value of the business use of an employer-provided car if your employer reported 100% of the value of the car in your income. Free self tax preparation online On your 2013 Form W-2, the amount of the value will be included in box 1, Wages, tips, other compensation, and box 14. Free self tax preparation online    To claim your expenses, complete Form 2106, Part II, Sections A and C. Free self tax preparation online Enter your actual expenses on line 23 of Section C and include the entire value of the employer-provided car on line 25. Free self tax preparation online Complete the rest of the form. Free self tax preparation online Less than full value included in your income. Free self tax preparation online   If less than the full annual lease value of the car was included on your Form W-2, this means that your Form W-2 only includes the value of your personal use of the car. Free self tax preparation online Do not enter this value on your Form 2106 because it is not deductible. Free self tax preparation online   If you paid any actual costs (that your employer did not provide or reimburse you for) to operate the car, you can deduct the business portion of those costs. Free self tax preparation online Examples of costs that you may have are gas, oil, and repairs. Free self tax preparation online Complete Form 2106, Part II, Sections A and C. Free self tax preparation online Enter your actual costs on line 23 of Section C and leave line 25 blank. Free self tax preparation online Complete the rest of the form. Free self tax preparation online Reimbursements This section explains what to do when you receive an advance or are reimbursed for any of the employee business expenses discussed in this publication. Free self tax preparation online If you received an advance, allowance, or reimbursement for your expenses, how you report this amount and your expenses depends on whether your employer reimbursed you under an accountable plan or a nonaccountable plan. Free self tax preparation online This section explains the two types of plans, how per diem and car allowances simplify proving the amount of your expenses, and the tax treatment of your reimbursements and expenses. Free self tax preparation online It also covers rules for independent contractors. Free self tax preparation online No reimbursement. Free self tax preparation online   You are not reimbursed or given an allowance for your expenses if you are paid a salary or commission with the understanding that you will pay your own expenses. Free self tax preparation online In this situation, you have no reimbursement or allowance arrangement, and you do not have to read this section on reimbursements. Free self tax preparation online Instead, see Completing Forms 2106 and 2106-EZ , later, for information on completing your tax return. Free self tax preparation online Reimbursement, allowance, or advance. Free self tax preparation online   A reimbursement or other expense allowance arrangement is a system or plan that an employer uses to pay, substantiate, and recover the expenses, advances, reimbursements, and amounts charged to the employer for employee business expenses. Free self tax preparation online Arrangements include per diem and car allowances. Free self tax preparation online    A per diem allowance is a fixed amount of daily reimbursement your employer gives you for your lodging, meals, and incidental expenses when you are away from home on business. Free self tax preparation online (The term “ incidental expenses ” is defined in chapter 1 under Standard Meal Allowance. Free self tax preparation online ) A car allowance is an amount your employer gives you for the business use of your car. Free self tax preparation online   Your employer should tell you what method of reimbursement is used and what records you must provide. Free self tax preparation online Employers. Free self tax preparation online   If you are an employer and you reimburse employee business expenses, how you treat this reimbursement on your employee's Form W-2 depends in part on whether you have an accountable plan. Free self tax preparation online Reimbursements treated as paid under an accountable plan, as explained next, are not reported as pay. Free self tax preparation online Reimbursements treated as paid under nonaccountable plans , as explained later, are reported as pay. Free self tax preparation online See Publication 15 (Circular E), Employer's Tax Guide, for information on employee pay. Free self tax preparation online Accountable Plans To be an accountable plan, your employer's reimbursement or allowance arrangement must include all of the following rules: Your expenses must have a business connection — that is, you must have paid or incurred deductible expenses while performing services as an employee of your employer. Free self tax preparation online You must adequately account to your employer for these expenses within a reasonable period of time. Free self tax preparation online You must return any excess reimbursement or allowance within a reasonable period of time. Free self tax preparation online “ Adequate accounting ” and “ returning excess reimbursements ” are discussed later. Free self tax preparation online An excess reimbursement or allowance is any amount you are paid that is more than the business-related expenses that you adequately accounted for to your employer. Free self tax preparation online Reasonable period of time. Free self tax preparation online   The definition of reasonable period of time depends on the facts and circumstances of your situation. Free self tax preparation online However, regardless of the facts and circumstances of your situation, actions that take place within the times specified in the following list will be treated as taking place within a reasonable period of time. Free self tax preparation online You receive an advance within 30 days of the time you have an expense. Free self tax preparation online You adequately account for your expenses within 60 days after they were paid or incurred. Free self tax preparation online You return any excess reimbursement within 120 days after the expense was paid or incurred. Free self tax preparation online You are given a periodic statement (at least quarterly) that asks you to either return or adequately account for outstanding advances and you comply within 120 days of the statement. Free self tax preparation online Employee meets accountable plan rules. Free self tax preparation online   If you meet the three rules for accountable plans, your employer should not include any reimbursements in your income in box 1 of your Form W-2. Free self tax preparation online If your expenses equal your reimbursements, you do not complete Form 2106. Free self tax preparation online You have no deduction since your expenses and reimbursement are equal. Free self tax preparation online    If your employer included reimbursements in box 1 of your Form W-2 and you meet all the rules for accountable plans, ask your employer for a corrected Form W-2. Free self tax preparation online Accountable plan rules not met. Free self tax preparation online   Even though you are reimbursed under an accountable plan, some of your expenses may not meet all three rules. Free self tax preparation online All reimbursements that fail to meet all three rules for accountable plans are generally treated as having been reimbursed under a nonaccountable plan (discussed later). Free self tax preparation online Failure to return excess reimbursements. Free self tax preparation online   If you are reimbursed under an accountable plan, but you fail to return, within a reasonable time, any amounts in excess of the substantiated amounts, the amounts paid in excess of the substantiated expenses are treated as paid under a nonaccountable plan. Free self tax preparation online See Reasonable period of time , earlier, and Returning Excess Reimbursements , later. Free self tax preparation online Reimbursement of nondeductible expenses. Free self tax preparation online   You may be reimbursed under your employer's accountable plan for expenses related to that employer's business, some of which are deductible as employee business expenses and some of which are not deductible. Free self tax preparation online The reimbursements you receive for the nondeductible expenses do not meet rule (1) for accountable plans, and they are treated as paid under a nonaccountable plan. Free self tax preparation online Example. Free self tax preparation online Your employer's plan reimburses you for travel expenses while away from home on business and also for meals when you work late at the office, even though you are not away from home. Free self tax preparation online The part of the arrangement that reimburses you for the nondeductible meals when you work late at the office is treated as paid under a nonaccountable plan. Free self tax preparation online The employer makes the decision whether to reimburse employees under an accountable plan or a nonaccountable plan. Free self tax preparation online If you are an employee who receives payments under a nonaccountable plan, you cannot convert these amounts to payments under an accountable plan by voluntarily accounting to your employer for the expenses and voluntarily returning excess reimbursements to the employer. Free self tax preparation online Adequate Accounting One of the rules for an accountable plan is that you must adequately account to your employer for your expenses. Free self tax preparation online You adequately account by giving your employer a statement of expense, an account book, a diary, or a similar record in which you entered each expense at or near the time you had it, along with documentary evidence (such as receipts) of your travel, mileage, and other employee business expenses. Free self tax preparation online (See Table 5-1 in chapter 5 for details you need to enter in your record and documents you need to prove certain expenses. Free self tax preparation online ) A per diem or car allowance satisfies the adequate accounting requirement under certain conditions. Free self tax preparation online See Per Diem and Car Allowances , later. Free self tax preparation online You must account for all amounts you received from your employer during the year as advances, reimbursements, or allowances. Free self tax preparation online This includes amounts you charged to your employer by credit card or other method. Free self tax preparation online You must give your employer the same type of records and supporting information that you would have to give to the IRS if the IRS questioned a deduction on your return. Free self tax preparation online You must pay back the amount of any reimbursement or other expense allowance for which you do not adequately account or that is more than the amount for which you accounted. Free self tax preparation online Per Diem and Car Allowances If your employer reimburses you for your expenses using a per diem or a car allowance, you can generally use the allowance as proof for the amount of your expenses. Free self tax preparation online A per diem or car allowance satisfies the adequate accounting requirements for the amount of your expenses only if all the following conditions apply. Free self tax preparation online Your employer reasonably limits payments of your expenses to those that are ordinary and necessary in the conduct of the trade or business. Free self tax preparation online The allowance is similar in form to and not more than the federal rate (defined later). Free self tax preparation online You prove the time (dates), place, and business purpose of your expenses to your employer (as explained in Table 5-1 ) within a reasonable period of time. Free self tax preparation online You are not related to your employer (as defined next). Free self tax preparation online If you are related to your employer, you must be able to prove your expenses to the IRS even if you have already adequately accounted to your employer and returned any excess reimbursement. Free self tax preparation online If the IRS finds that an employer's travel allowance practices are not based on reasonably accurate estimates of travel costs (including recognition of cost differences in different areas for per diem amounts), you will not be considered to have accounted to your employer. Free self tax preparation online In this case, you must be able to prove your expenses to the IRS. Free self tax preparation online Related to employer. Free self tax preparation online   You are related to your employer if: Your employer is your brother or sister, half brother or half sister, spouse, ancestor, or lineal descendant, Your employer is a corporation in which you own, directly or indirectly, more than 10% in value of the outstanding stock, or Certain relationships (such as grantor, fiduciary, or beneficiary) exist between you, a trust, and your employer. Free self tax preparation online You may be considered to indirectly own stock, for purposes of (2), if you have an interest in a corporation, partnership, estate, or trust that owns the stock or if a member of your family or your partner owns the stock. Free self tax preparation online The federal rate. Free self tax preparation online   The federal rate can be figured using any one of the following methods. Free self tax preparation online For per diem amounts: The regular federal per diem rate. Free self tax preparation online The standard meal allowance. Free self tax preparation online The high-low rate. Free self tax preparation online For car expenses: The standard mileage rate. Free self tax preparation online A fixed and variable rate (FAVR). Free self tax preparation online    For per diem amounts, use the rate in effect for the area where you stop for sleep or rest. Free self tax preparation online Regular federal per diem rate. Free self tax preparation online   The regular federal per diem rate is the highest amount that the federal government will pay to its employees for lodging, meals, and incidental expenses (or meals and incidental expenses only) while they are traveling away from home in a particular area. Free self tax preparation online The rates are different for different locations. Free self tax preparation online Your employer should have these rates available. Free self tax preparation online You can also find federal per diem rates at www. Free self tax preparation online gsa. Free self tax preparation online gov/perdiem. Free self tax preparation online The standard meal allowance. Free self tax preparation online   The standard meal allowance (discussed in chapter 1) is the federal rate for meals and incidental expenses (M&IE). Free self tax preparation online The rate for most small localities in the United States is $46 a day. Free self tax preparation online Most major cities and many other localities qualify for higher rates. Free self tax preparation online You can find this information on the Internet at www. Free self tax preparation online gsa. Free self tax preparation online gov/perdiem. Free self tax preparation online   You receive an allowance only for meals and incidental expenses when your employer does one of the following. Free self tax preparation online Provides you with lodging (furnishes it in kind). Free self tax preparation online Reimburses you, based on your receipts, for the actual cost of your lodging. Free self tax preparation online Pays the hotel, motel, etc. Free self tax preparation online , directly for your lodging. Free self tax preparation online Does not have a reasonable belief that you had (or will have) lodging expenses, such as when you stay with friends or relatives or sleep in the cab of your truck. Free self tax preparation online Figures the allowance on a basis similar to that used in computing your compensation, such as number of hours worked or miles traveled. Free self tax preparation online High-low rate. Free self tax preparation online   This is a simplified method of computing the federal per diem rate for travel within the continental United States. Free self tax preparation online It eliminates the need to keep a current list of the per diem rates for each city. Free self tax preparation online   Under the high-low method, the per diem amount for travel during January through September of 2013 is $242 (including $65 for M&IE) for certain high-cost locations. Free self tax preparation online All other areas have a per diem amount of $163 (including $52 for M&IE). Free self tax preparation online For more information, see Notice 2012-63, which can be found on the Internet at www. Free self tax preparation online irs. Free self tax preparation online gov/irb/2012-42_IRB/ar12. Free self tax preparation online html. Free self tax preparation online    Effective October 1, 2013, the per diem rate for certain high-cost locations increased to $251 (including $65 for M&IE). Free self tax preparation online The rate for all other locations increased to $170 (including $52 for M&IE). Free self tax preparation online Employers who did not use the high-low method during the first 9 months of 2013 cannot begin to use it before 2014. Free self tax preparation online For more information, see Notice 2013-65, which can be found on the Internet at www. Free self tax preparation online irs. Free self tax preparation online gov/pub/irs-drop/n-13–65. Free self tax preparation online pdf and Revenue Procedure 2011-47 at www. Free self tax preparation online irs. Free self tax preparation online gov/irb/2011-42_IRB/ar12. Free self tax preparation online html. Free self tax preparation online Prorating the standard meal allowance on partial days of travel. Free self tax preparation online   The standard meal allowance is for a full 24-hour day of travel. Free self tax preparation online If you travel for part of a day, such as on the days you depart and return, you must prorate the full-day M&IE rate. Free self tax preparation online This rule also applies if your employer uses the regular federal per diem rate or the high-low rate. Free self tax preparation online   You can use either of the following methods to figure the federal M&IE for that day. Free self tax preparation online Method 1: For the day you depart, add 3/4 of the standard meal allowance amount for that day. Free self tax preparation online For the day you return, add 3/4 of the standard meal allowance amount for the preceding day. Free self tax preparation online Method 2: Prorate the standard meal allowance using any method you consistently apply in accordance with reasonable business practice. Free self tax preparation online For example, an employer can treat 2 full days of per diem (that includes M&IE) paid for travel away from home from 9 a. Free self tax preparation online m. Free self tax preparation online of one day to 5 p. Free self tax preparation online m. Free self tax preparation online of the next day as being no more than the federal rate. Free self tax preparation online This is true even though a federal employee would be limited to a reimbursement of M&IE for only 1½ days of the federal M&IE rate. Free self tax preparation online The standard mileage rate. Free self tax preparation online   This is a set rate per mile that you can use to compute your deductible car expenses. Free self tax preparation online For 2013, the standard mileage rate for the cost of operating your car for business use is 56½ cents per mile. Free self tax preparation online Fixed and variable rate (FAVR). Free self tax preparation online   This is an allowance your employer may use to reimburse your car expenses. Free self tax preparation online Under this method, your employer pays an allowance that includes a combination of payments covering fixed and variable costs, such as a cents-per-mile rate to cover your variable operating costs (such as gas, oil, etc. Free self tax preparation online ) plus a flat amount to cover your fixed costs (such as depreciation (or lease payments), insurance, etc. Free self tax preparation online ). Free self tax preparation online If your employer chooses to use this method, your employer will request the necessary records from you. Free self tax preparation online Reporting your expenses with a per diem or car allowance. Free self tax preparation online   If your reimbursement is in the form of an allowance received under an accountable plan, the following facts affect your reporting. Free self tax preparation online The federal rate. Free self tax preparation online Whether the allowance or your actual expenses were more than the federal rate. Free self tax preparation online The following discussions explain where to report your expenses depending upon how the amount of your allowance compares to the federal rate. Free self tax preparation online Allowance less than or equal to the federal rate. Free self tax preparation online   If your allowance is less than or equal to the federal rate, the allowance will not be included in box 1 of your Form W-2. Free self tax preparation online You do not need to report the related expenses or the allowance on your return if your expenses are equal to or less than the allowance. Free self tax preparation online   However, if your actual expenses are more than your allowance, you can complete Form 2106 and deduct the excess amount on Schedule A (Form 1040). Free self tax preparation online If you are using actual expenses, you must be able to prove to the IRS the total amount of your expenses and reimbursements for the entire year. Free self tax preparation online If you are using the standard meal allowance or the standard mileage rate, you do not have to prove that amount. Free self tax preparation online Example 1. Free self tax preparation online In April, Jeremy takes a 2-day business trip to Denver. Free self tax preparation online The federal rate for Denver is $215 per day. Free self tax preparation online As required by his employer's accountable plan, he accounts for the time (dates), place, and business purpose of the trip. Free self tax preparation online His employer reimburses him $215 a day ($430 total) for living expenses. Free self tax preparation online Jeremy's living expenses in Denver are not more than $215 a day. Free self tax preparation online Jeremy's employer does not include any of the reimbursement on his Form W-2 and Jeremy does not deduct the expenses on his return. Free self tax preparation online Example 2. Free self tax preparation online In June, Matt takes a 2-day business trip to Boston. Free self tax preparation online Matt's employer uses the high-low method to reimburse employees. Free self tax preparation online Since Boston is a high-cost area, Matt is given an advance of $242 a day ($484 total) for his lodging, meals, and incidental expenses. Free self tax preparation online Matt's actual expenses totaled $700. Free self tax preparation online Since Matt's $700 of expenses are more than his $484 advance, he includes the excess expenses when he itemizes his deductions. Free self tax preparation online Matt completes Form 2106 (showing all of his expenses and reimbursements). Free self tax preparation online He must also allocate his reimbursement between his meals and other expenses as discussed later under Completing Forms 2106 and 2106-EZ . Free self tax preparation online Example 3. Free self tax preparation online Nicole drives 10,000 miles in 2013 for business. Free self tax preparation online Under her employer's accountable plan, she accounts for the time (dates), place, and business purpose of each trip. Free self tax preparation online Her employer pays her a mileage allowance of 40 cents a mile. Free self tax preparation online Since Nicole's $5,650 expense computed under the standard mileage rate (10,000 miles x 56½ cents) is more than her $4,000 reimbursement (10,000 miles × 40 cents), she itemizes her deductions to claim the excess expense. Free self tax preparation online Nicole completes Form 2106 (showing all her expenses and reimbursements) and enters $1,650 ($5,650 − $4,000) as an itemized deduction. Free self tax preparation online Allowance more than the federal rate. Free self tax preparation online   If your allowance is more than the federal rate, your employer must include the allowance amount up to the federal rate in box 12 of your Form W-2. Free self tax preparation online This amount is not taxable. Free self tax preparation online However, the excess allowance will be included in box 1 of your Form W-2. Free self tax preparation online You must report this part of your allowance as if it were wage income. Free self tax preparation online   If your actual expenses are less than or equal to the federal rate, you do not complete Form 2106 or claim any of your expenses on your return. Free self tax preparation online   However, if your actual expenses are more than the federal rate, you can complete Form 2106 and deduct those excess expenses. Free self tax preparation online You must report on Form 2106 your reimbursements up to the federal rate (as shown in box 12 of your Form W-2) and all your expenses. Free self tax preparation online You should be able to prove these amounts to the IRS. Free self tax preparation online Example 1. Free self tax preparation online Laura lives and works in Austin. Free self tax preparation online In July her employer sent her to Albuquerque for 4 days on business. Free self tax preparation online Laura's employer paid the hotel directly for her lodging and reimbursed Laura $65 a day ($260 total) for meals and incidental expenses. Free self tax preparation online Laura's actual meal expenses were not more than the federal rate for Albuquerque, which is $56 per day. Free self tax preparation online Table 6-1. Free self tax preparation online Reporting Travel, Entertainment, Gift, and Car Expenses and Reimbursements IF the type of reimbursement (or  other expense allowance)  arrangement is under: THEN the employer reports on Form W-2: AND the employee reports on  Form 2106: * An accountable plan with: Actual expense reimbursement: Adequate accounting made and excess returned. Free self tax preparation online No amount. Free self tax preparation online No amount. Free self tax preparation online Actual expense reimbursement: Adequate accounting and return of excess both required but excess not returned. Free self tax preparation online The excess amount as wages in box 1. Free self tax preparation online No amount. Free self tax preparation online Per diem or mileage allowance up to the federal rate: Adequate accounting made and excess returned. Free self tax preparation online No amount. Free self tax preparation online All expenses and reimbursements only if excess expenses are claimed. Free self tax preparation online Otherwise, form is not filed. Free self tax preparation online Per diem or mileage allowance up to the federal rate: Adequate accounting and return of excess both required but excess not returned. Free self tax preparation online The excess amount as wages in box 1. Free self tax preparation online The amount up to the federal rate is reported only in box 12—it is not reported in box 1. Free self tax preparation online No amount. Free self tax preparation online Per diem or mileage allowance exceeds the federal rate: Adequate accounting up to the federal rate only and excess not returned. Free self tax preparation online The excess amount as wages in box 1. Free self tax preparation online The amount up to the federal rate is reported only in box 12—it is not reported in box 1. Free self tax preparation online All expenses (and reimbursements reported on Form W-2, box 12) only if expenses in excess of the federal rate are claimed. Free self tax preparation online Otherwise, form is not filed. Free self tax preparation online A nonaccountable plan with: Either adequate accounting or return of excess, or both, not required by plan. Free self tax preparation online The entire amount as wages in box 1. Free self tax preparation online All expenses. Free self tax preparation online No reimbursement plan: The entire amount as wages in box 1. Free self tax preparation online All expenses. Free self tax preparation online * You may be able to use Form 2106-EZ. Free self tax preparation online See Completing Forms 2106 and 2106-EZ . Free self tax preparation online Her employer included the $36 that was more than the federal rate (($65 − $56) × 4) in box 1 of Laura's Form W-2. Free self tax preparation online Her employer shows $224 ($56 a day × 4) in box 12 of her Form W-2. Free self tax preparation online This amount is not included in Laura's income. Free self tax preparation online Laura does not have to complete Form 2106; however, she must include the $36 in her gross income as wages (by reporting the total amount shown in box 1 of her Form W-2). Free self tax preparation online Example 2. Free self tax preparation online Joe also lives in Austin and works for the same employer as Laura. Free self tax preparation online In May the employer sent Joe to San Diego for 4 days and paid the hotel directly for Joe's hotel bill. Free self tax preparation online The employer reimbursed Joe $75 a day for his meals and incidental expenses. Free self tax preparation online The federal rate for San Diego is $71 a day. Free self tax preparation online Joe can prove that his actual meal expenses totaled $380. Free self tax preparation online His employer's accountable plan will not pay more than $75 a day for travel to San Diego, so Joe does not give his employer the records that prove that he actually spent $380. Free self tax preparation online However, he does account for the time, place, and business purpose of the trip. Free self tax preparation online This is Joe's only business trip this year. Free self tax preparation online Joe was reimbursed $300 ($75 × 4 days), which is $16 more than the federal rate of $284 ($71 × 4 days). Free self tax preparation online The employer includes the $16 as income on Joe's Form W-2 in box 1. Free self tax preparation online The employer also enters $284 in box 12 of Joe's Form W-2. Free self tax preparation online Joe completes Form 2106 to figure his deductible expenses. Free self tax preparation online He enters the total of his actual expenses for the year ($380) on Form 2106. Free self tax preparation online He also enters the reimbursements that were not included in his income ($284). Free self tax preparation online His total deductible expense, before the 50% limit, is $96. Free self tax preparation online After he figures the 50% limit on his unreimbursed meals and entertainment, he will include the balance, $48, as an itemized deduction. Free self tax preparation online Example 3. Free self tax preparation online Debbie drives 10,000 miles in 2013 for business. Free self tax preparation online Under her employer's accountable plan, she gets reimbursed 60 cents a mile, which is more than the standard mileage rate. Free self tax preparation online Her total reimbursement is $6,000. Free self tax preparation online Debbie's employer must include the reimbursement amount up to the standard mileage rate, $5,650 (10,000 × 56½ cents), in box 12 of her Form W-2. Free self tax preparation online That amount is not taxable. Free self tax preparation online Her employer must also include $350 ($6,000 − $5,650) in box 1 of her Form W-2. Free self tax preparation online This is the reimbursement that is more than the standard mileage rate. Free self tax preparation online If Debbie's expenses are equal to or less than the standard mileage rate, she would not complete Form 2106. Free self tax preparation online If her expenses are more than the standard mileage rate, she would complete Form 2106 and report her total expenses and reimbursement (shown in box 12 of her Form W-2). Free self tax preparation online She would then claim the excess expenses as an itemized deduction. Free self tax preparation online Returning Excess Reimbursements Under an accountable plan, you are required to return any excess reimbursement or other expense allowances for your business expenses to the person paying the reimbursement or allowance. Free self tax preparation online Excess reimbursement means any amount for which you did not adequately account within a reasonable period of time. Free self tax preparation online For example, if you received a travel advance and you did not spend all the money on business-related expenses or you do not have proof of all your expenses, you have an excess reimbursement. Free self tax preparation online “ Adequate accounting ” and “ reasonable period of time ” were discussed earlier in this chapter. Free self tax preparation online Travel advance. Free self tax preparation online   You receive a travel advance if your employer provides you with an expense allowance before you actually have the expense, and the allowance is reasonably expected to be no more than your expense. Free self tax preparation online Under an accountable plan, you are required to adequately account to your employer for this advance and to return any excess within a reasonable period of time. Free self tax preparation online   If you do not adequately account for or do not return any excess advance within a reasonable period of time, the amount you do not account for or return will be treated as having been paid under a nonaccountable plan (discussed later). Free self tax preparation online Unproved amounts. Free self tax preparation online   If you do not prove that you actually traveled on each day for which you received a per diem or car allowance (proving the elements described in Table 5-1 ), you must return this unproved amount of the travel advance within a reasonable period of time. Free self tax preparation online If you do not do this, the unproved amount will be considered paid under a nonaccountable plan (discussed later). Free self tax preparation online Per diem allowance more than federal rate. Free self tax preparation online   If your employer's accountable plan pays you an allowance that is higher than the federal rate, you do not have to return the difference between the two rates for the period you can prove business-related travel expenses. Free self tax preparation online However, the difference will be reported as wages on your Form W-2. Free self tax preparation online This excess amount is considered paid under a nonaccountable plan (discussed later). Free self tax preparation online Example. Free self tax preparation online Your employer sends you on a 5-day business trip to Phoenix in March 2013 and gives you a $400 ($80 × 5 days) advance to cover your meals and incidental expenses. Free self tax preparation online The federal per diem for meals and incidental expenses for Phoenix is $71. Free self tax preparation online Your trip lasts only 3 days. Free self tax preparation online Under your employer's accountable plan, you must return the $160 ($80 × 2 days) advance for the 2 days you did not travel. Free self tax preparation online For the 3 days you did travel you do not have to return the $27 difference between the allowance you received and the federal rate for Phoenix (($80 − $71) × 3 days). Free self tax preparation online However, the $27 will be reported on your Form W-2 as wages. Free self tax preparation online Nonaccountable Plans A nonaccountable plan is a reimbursement or expense allowance arrangement that does not meet one or more of the three rules listed earlier under Accountable Plans. Free self tax preparation online In addition, even if your employer has an accountable plan, the following payments will be treated as being paid under a nonaccountable plan: Excess reimbursements you fail to return to your employer, and Reimbursement of nondeductible expenses related to your employer's business. Free self tax preparation online See Reimbursement of nondeductible expenses , earlier, under Accountable Plans. Free self tax preparation online An arrangement that repays you for business expenses by reducing the amount reported as your wages, salary, or other pay will be treated as a nonaccountable plan. Free self tax preparation online This is because you are entitled to receive the full amount of your pay whether or not you have any business expenses. Free self tax preparation online If you are not sure if the reimbursement or expense allowance arrangement is an accountable or nonaccountable plan, ask your employer. Free self tax preparation online Reporting your expenses under a nonaccountable plan. Free self tax preparation online   Your employer will combine the amount of any reimbursement or other expense allowance paid to you under a nonaccountable plan with your wages, salary, or other pay. Free self tax preparation online Your employer will report the total in box 1 of your Form W-2. Free self tax preparation online    You must complete Form 2106 or 2106-EZ and itemize your deductions to deduct your expenses for travel, transportation, meals, or entertainment. Free self tax preparation online Your meal and entertainment expenses will be subject to the 50% limit discussed in chapter 2. Free self tax preparation online Also, your total expenses will be subject to the 2%-of-adjusted-gross-income limit that applies to most miscellaneous itemized deductions. Free self tax preparation online Example 1. Free self tax preparation online Kim's employer gives her $1,000 a month ($12,000 total for the year) for her business expenses. Free self tax preparation online Kim does not have to provide any proof of her expenses to her employer, and Kim can keep any funds that she does not spend. Free self tax preparation online Kim is being reimbursed under a nonaccountable plan. Free self tax preparation online Her employer will include the $12,000 on Kim's Form W-2 as if it were wages. Free self tax preparation online If Kim wants to deduct her business expenses, she must complete Form 2106 or 2106-EZ and itemize her deductions. Free self tax preparation online Example 2. Free self tax preparation online Kevin is paid $2,000 a month by his employer. Free self tax preparation online On days that he travels away from home on business, his employer designates $50 a day of his salary as paid to reimburse his travel expenses. Free self tax preparation online Because his employer would pay Kevin his monthly salary whether or not he was traveling away from home, the arrangement is a nonaccountable plan. Free self tax preparation online No part of the $50 a day designated by his employer is treated as paid under an accountable plan. Free self tax preparation online Rules for Independent Contractors and Clients This section provides rules for independent contractors who incur expenses on behalf of a client or customer. Free self tax preparation online The rules cover the reporting and substantiation of certain expenses discussed in this publication, and they affect both independent contractors and their clients or customers. Free self tax preparation online You are considered an independent contractor if you are self-employed and you perform services for a customer or client. Free self tax preparation online Accounting to Your Client If you received a reimbursement or an allowance for travel, entertainment, or gift expenses that you incurred on behalf of a client, you should provide an adequate accounting of these expenses to your client. Free self tax preparation online If you do not account to your client for these expenses, you must include any reimbursements or allowances in income. Free self tax preparation online You must keep adequate records of these expenses whether or not you account to your client for these expenses. Free self tax preparation online If you do not separately account for and seek reimbursement for meals and entertainment in connection with providing services for a client, you are subject to the 50% limit on those expenses. Free self tax preparation online See 50% Limit in chapter 2. Free self tax preparation online Adequate accounting. Free self tax preparation online   As a self-employed person, you adequately account by reporting your actual expenses. Free self tax preparation online You should follow the recordkeeping rules in chapter 5 . Free self tax preparation online How to report. Free self tax preparation online   For information on how to report expenses on your tax return, see Self-employed at the beginning of this chapter. Free self tax preparation online Required Records for Clients or Customers If you are a client or customer, you generally do not have to keep records to prove the reimbursements or allowances you give, in the course of your business, to an independent contractor for travel or gift expenses incurred on your behalf. Free self tax preparation online However, you must keep records if: You reimburse the contractor for entertainment expenses incurred on your behalf, and The contractor adequately accounts to you for these expenses. Free self tax preparation online Contractor adequately accounts. Free self tax preparation online   If the contractor adequately accounts to you for entertainment expenses, you (the client or customer) must keep records documenting each element of the expense, as explained in chapter 5 . Free self tax preparation online Use your records as proof for a deduction on your tax return. Free self tax preparation online If entertainment expenses are accounted for separately, you are subject to the 50% limit on entertainment. Free self tax preparation online If the contractor adequately accounts to you for reimbursed amounts, you do not have to report the amounts on an information return. Free self tax preparation online Contractor does not adequately account. Free self tax preparation online    If the contractor does not adequately account to you for allowances or reimbursements of entertainment expenses, you do not have to keep records of these items. Free self tax preparation online You are not subject to the 50% limit on entertainment in this case. Free self tax preparation online You can deduct the reimbursements or allowances as payment for services if they are ordinary and necessary business expenses. Free self tax preparation online However, you must file Form 1099-MISC to report amounts paid to the independent contractor if the total of the reimbursements and any other fees is $600 or more during the calendar year. Free self tax preparation online How To Use Per Diem Rate Tables This section contains information about the per diem rate substantiation methods available and the choice of rates you must make for the last 3 months of the year. Free self tax preparation online The Two Substantiation Methods High-low method. Free self tax preparation online   IRS notices list the localities that are treated under the high-low substantiation method as high-cost localities for all or part of the year. Free self tax preparation online Notice 2012–63, available at www. Free self tax preparation online irs. Free self tax preparation online gov/irb/2012–42_IRB/ar12. Free self tax preparation online html, lists the localities that are eligible for $242 ($65 meals and incidental expenses (M&IE)) per diem, effective October 1, 2012. Free self tax preparation online For travel on or after October 1, 2012, all other localities within CONUS are eligible for $163 ($52 M&IE) per diem under the high-low method. Free self tax preparation online   Notice 2013–65, available at www. Free self tax preparation online irs. Free self tax preparation online gov/pub/irs-drop/n-13–65. Free self tax preparation online pdf, lists the localities that are eligible for $251 ($65 M&IE) per diem, effective October 1, 2013. Free self tax preparation online For travel on or after October 1, 2013, the per diem for all other localities increased to $170 ($52 M&IE). Free self tax preparation online Regular federal per diem rate method. Free self tax preparation online   Regular federal per diem rates are published by the General Services Administration (GSA). Free self tax preparation online Both tables include the separate rate for meals and incidental expenses (M&IE) for each locality. Free self tax preparation online The rates listed for FY2013 at www. Free self tax preparation online gsa. Free self tax preparation online gov/perdiem are effective October 1, 2012 and those listed for FY2014 are effective October 1, 2013. Free self tax preparation online The standard rate for all locations within CONUS not specifically listed for FY2013 is $123 ($77 for lodging and $46 for M&IE). Free self tax preparation online For FY2014, this rate increased to $129 ($83 for lodging and $46 for M&IE). Free self tax preparation online Transition Rules The transition period covers the last 3 months of the calendar year, from the time that new rates are effective (generally October 1) through December 31. Free self tax preparation online During this period, you generally may change to the new rates or finish out the year with the rates you had been using. Free self tax preparation online High-low method. Free self tax preparation online   If you use the high-low substantiation method, when new rates become effective (generally October 1) you can either continue with the rates you used for the first part of the year or change to the new rates. Free self tax preparation online However, you must continue using the high-low method for the rest of the calendar year (through December 31). Free self tax preparation online If you are an employer, you must use the same rates for all employees reimbursed under the high-low method during that calendar year. Free self tax preparation online   The new rates and localities for the high-low method are included each year in a notice that is generally published in mid-to-late-September. Free self tax preparation online You can find the notice in the weekly Internal Revenue Bulletin (IRB) on the Internet at www. Free self tax preparation online irs. Free self tax preparation online gov/irb. Free self tax preparation online Federal per diem rate method. Free self tax preparation online   New CONUS per diem rates become effective on October 1 of each year and remain in effect through September 30 of the following year. Free self tax preparation online Employees being reimbursed under the per diem rate method during the first 9 months of a year (January 1–September 30) must continue under the same method through the end of that calendar year (December 31). Free self tax preparation online However, for travel by these employees from October 1 through December 31, you can choose to continue using the same per diem rates or use the new rates. Free self tax preparation online   The new federal CONUS per diem rates are published each year, generally early in September, on the Internet. Free self tax preparation online Go to www. Free self tax preparation online gsa. Free self tax preparation online gov/perdiem. Free self tax preparation online Per diem rates for localities listed for FY2014 may change at any time. Free self tax preparation online To be sure you have the most current rate, check www. Free self tax preparation online gsa. Free self tax preparation online gov/perdiem. Free self tax preparation online Completing Forms 2106 and 2106-EZ This section briefly describes how employees complete Forms 2106 and 2106-EZ. Free self tax preparation online Table 6-1 explains what the employer reports on Form W-2 and what the employee reports on Form 2106. Free self tax preparation online The instructions for the forms have more information on completing them. Free self tax preparation online If you are self-employed, do not file Form 2106 or 2106-EZ. Free self tax preparation online Report your expenses on Schedule C (Form 1040), Schedule C-EZ (Form 1040), or Schedule F (Form 1040). Free self tax preparation online See the instructions for the form that you must file. Free self tax preparation online Form 2106-EZ. Free self tax preparation online   You may be able to use the shorter Form 2106-EZ to claim your employee business expenses. Free self tax preparation online You can use this form if you meet all the following conditions. Free self tax preparation online You are an employee deducting ordinary and necessary expenses attributable to your job. Free self tax preparation online You were not reimbursed by your employer for your expenses (amounts included in box 1 of your Form W-2 are not considered reimbursements). Free self tax preparation online If you are claiming car expenses, you are using the standard mileage rate. Free self tax preparation online Car expenses. Free self tax preparation online   If you used a car to perform your job as an employee, you may be able to deduct certain car expenses. Free self tax preparation online These are generally figured on Form 2106, Part II, and then claimed on Form 2106, Part I, line 1, Column A. Free self tax preparation online Car expenses using the standard mileage rate can also be figured on Form 2106-EZ by completing Part II and Part I, line 1. Free self tax preparation online Information on use of cars. Free self tax preparation online   If you claim any deduction for the business use of a car, you must answer certain questions and provide information about the use of the car. Free self tax preparation online The information relates to the following items. Free self tax preparation online Date placed in service. Free self tax preparation online Mileage (total, business, commuting, and other personal mileage). Free self tax preparation online Percentage of business use. Free self tax preparation online After-work use. Free self tax preparation online Use of other vehicles. Free self tax preparation online Whether you have evidence to support the deduction. Free self tax preparation online Whether or not the evidence is written. Free self tax preparation online Employees must complete Form 2106, Part II, Section A, or Form 2106-EZ, Part II, to provide this information. Free self tax preparation online Standard mileage rate. Free self tax preparation online   If you claim a deduction based on the standard mileage rate instead of your actual expenses, you must complete Form 2106, Part II, Section B. Free self tax preparation online The amount on line 22 (Section B) is carried to Form 2106, Part I, line 1. Free self tax preparation online In addition, on Part 1, line 2, you can deduct parking fees and tolls that apply to the business use of the car. Free self tax preparation online If you file Form 2106-EZ, complete Part I, line 1, for the standard mileage rate and line 2 for parking fees and tolls. Free self tax preparation online See Standard Mileage Rate in chapter 4 for information on using this rate. Free self tax preparation online Actual expenses. Free self tax preparation online   If you claim a deduction based on actual car expenses, you cannot use Form 2106-EZ. Free self tax preparation online You must complete Form 2106, Part II, Section C. Free self tax preparation online In addition, unless you lease your car, you must complete Section D to show your depreciation deduction and any section 179 deduction you claim. Free self tax preparation online   If you are still using a car that is fully depreciated, continue to complete Section C. Free self tax preparation online Since you have no depreciation deduction, enter zero on line 28. Free self tax preparation online In this case, do not complete Section D. Free self tax preparation online Car rentals. Free self tax preparation online   If you claim car rental expenses on Form 2106, line 24a, you may have to reduce that expense by an inclusion amount as described in chapter 4. Free self tax preparation online If so, you can show your car expenses and any inclusion amount as follows. Free self tax preparation online Compute the inclusion amount without taking into account your business use percentage for the tax year. Free self tax preparation online Report the inclusion amount from (1) on Form 2106, Part II, line 24b. Free self tax preparation online Report on line 24c the net amount of car rental expenses (total car rental expenses minus the inclusion amount computed in (1)). Free self tax preparation online The net amount of car rental expenses will be adjusted on Form 2106, Part II, line 27, to reflect the percentage of business use for the tax year. Free self tax preparation online Transportation expenses. Free self tax preparation online   Show your transportation expenses that did not involve overnight travel on Form 2106, line 2, Column A, or on Form 2106-EZ, Part I, line 2. Free self tax preparation online Also include on this line business expenses you have for parking fees and tolls. Free self tax preparation online Do not include expenses of operating your car or expenses of commuting between your home and work. Free self tax preparation online Employee business expenses other than meals and entertainment. Free self tax preparation online   Show your other employee business expenses on Form 2106, lines 3 and 4, Column A, or Form 2106-EZ, lines 3 and 4. Free self tax preparation online Do not include expenses for meals and entertainment on those lines. Free self tax preparation online Line 4 is for expenses such as gifts, educational expenses (tuition and books), office-in-the-home expenses, and trade and professional publications. Free self tax preparation online    If line 4 expenses are the only ones you are claiming, you received no reimbursements (or the reimbursements were all included in box 1 of your Form W-2), and the Special Rules discussed later do not apply to you, do not complete Form 2106 or 2106-EZ. Free self tax preparation online Claim these amounts directly on Schedule A (Form 1040), line 21. Free self tax preparation online List the type and amount of each expense on the dotted lines and include the total on line 21. Free self tax preparation online Meal and entertainment expenses. Free self tax preparation online   Show the full amount of your expenses for business-related meals and entertainment on Form 2106, line 5, Column B. Free self tax preparation online Include meals while away from your tax home overnight and other business meals and entertainment. Free self tax preparation online Enter 50% of the line 8, Column B, meal and entertainment expenses on line 9, Column B. Free self tax preparation online   If you file Form 2106-EZ, enter the full amount of your meals and entertainment on the line to the left of line 5 and multiply the total by 50%. Free self tax preparation online Enter the result on line 5. Free self tax preparation online Hours of service limits. Free self tax preparation online   If you are subject to the Department of Transportation's “hours of service” limits (as explained earlier under Individuals subject to “hours of service” limits in chapter 2), use 80% instead of 50% for meals while away from your tax home. Free self tax preparation online Reimbursements. Free self tax preparation online   Enter on Form 2106, line 7 (you cannot use Form 2106-EZ) the amounts your employer (or third party) reimbursed you that were not reported to you in box 1 of your Form W-2. Free self tax preparation online This includes any amount reported under code L in box 12 of Form W-2. Free self tax preparation online Allocating your reimbursement. Free self tax preparation online   If you were reimbursed under an accountable plan and want to deduct excess expenses that were not reimbursed, you may have to allocate your reimbursement. Free self tax preparation online This is necessary when your employer pays your reimbursement in the following manner: Pays you a single amount that covers meals and/or entertainment, as well as other business expenses, and Does not clearly identify how much is for deductible meals and/or entertainment. Free self tax preparation online You must allocate that single payment so that you know how much to enter on Form 2106, line 7, Column A and Column B. Free self tax preparation online Example. Free self tax preparation online Rob's employer paid him an expense allowance of $12,000 this year under an accountable plan. Free self tax preparation online The $12,000 payment consisted of $5,000 for airfare and $7,000 for meals, entertainment, and car expenses. Free self tax preparation online The employer did not clearly show how much of the $7,000 was for the cost of deductible meals and entertainment. Free self tax preparation online Rob actually spent $14,000 during the year ($5,500 for airfare, $4,500 for meals and entertainment, and $4,000 for car expenses). Free self tax preparation online Since the airfare allowance was clearly identified, Rob knows that $5,000 of the payment goes in Column A, line 7, of Form 2106. Free self tax preparation online To allocate the remaining $7,000, Rob uses the worksheet from the Instructions for Form 2106. Free self tax preparation online His completed worksheet follows. Free self tax preparation online Reimbursement Allocation Worksheet (Keep for your records)   1. Free self tax preparation online Enter the total amount of reimbursements your employer gave you that were not reported to you in box 1 of Form W-2 $7,000   2. Free self tax preparation online Enter the total amount of your expenses for the periods covered by this reimbursement 8,500   3. Free self tax preparation online Of the amount on line 2, enter your total expense for meals and entertainment 4,500   4. Free self tax preparation online Divide line 3 by line 2. Free self tax preparation online Enter the result as a decimal (rounded to at least three places) . Free self tax preparation online 529   5. Free self tax preparation online Multiply line 1 by line 4. Free self tax preparation online Enter the result here and in Column B, line 7 3,703   6. Free self tax preparation online Subtract line 5 from line 1. Free self tax preparation online Enter the result here and in Column A, line 7 $3,297 On line 7 of Form 2106, Rob enters $8,297 ($5,000 airfare and $3,297 of the $7,000) in Column A and $3,703 (of the $7,000) in Column B. Free self tax preparation online After you complete the form. Free self tax preparation online   After you have completed your Form 2106 or 2106-EZ, follow the directions on that form to deduct your expenses on the appropriate line of your tax return. Free self tax preparation online For most taxpayers, this is line 21 of Schedule A (Form 1040). Free self tax preparation online However, if you are a government official paid on a fee basis, a performing artist, an Armed Forces reservist, or a disabled employee with impairment-related work expenses, see Special Rules , later. Free self tax preparation online Limits on employee business expenses. Free self tax preparation online   Your employee business expenses may be subject to either of the limits described next. Free self tax preparation online They are figured in the following order on the specified form. Free self tax preparation online 1. Free self tax preparation online Limit on meals and entertainment. Free self tax preparation online   Certain meal and entertainment expenses are subject to a 50% limit. Free self tax preparation online If you are an employee, you figure this limit on line 9 of Form 2106 or line 5 of Form 2106-EZ. Free self tax preparation online (See 50% Limit in chapter 2. Free self tax preparation online ) 2. Free self tax preparation online Limit on miscellaneous itemized deductions. Free self tax preparation online   If you are an employee, deduct your employee business expenses (as figured on Form 2106 or 2106-EZ) on line 21 of Schedule A (Form 1040). Free self tax preparation online Most miscellaneous itemized deductions, including employee business expenses, are subject to a 2%-of-adjusted-gross-income limit. Free self tax preparation online This limit is figured on line 26 of Schedule A (Form 1040). Free self tax preparation online 3. Free self tax preparation online Limit on total itemized deductions. Free self tax preparation online   If your adjusted gross income (line 38 of Form 1040) is more than $300,000 ($150,000 if you are married filing separately), the total of certain itemized deductions, including employee business expenses, may be limited. Free self tax preparation online See your form instructions for information on how to figure this limit. Free self tax preparation online Special Rules This section discusses special rules that apply only to Armed Forces reservists, government officials who are paid on a fee basis, performing artists, and disabled employees with impairment-related work expenses. Free self tax preparation online Armed Forces Reservists Traveling More Than 100 Miles From Home If you are a member of a reserve component of the Armed Forces of the United States and you travel more than 100 miles away from home in connection with your performance of services as a member of the reserves, you can deduct your travel expenses as an adjustment to gross income rather than as a miscellaneous itemized deduction. Free self tax preparation online The amount of expenses you can deduct as an adjustment to gross income is limited to the regular federal per diem rate (for lodging, meals, and incidental expenses) and the standard mileage rate (for car expenses) plus any parking fees, ferry fees, and tolls. Free self tax preparation online See Per Diem and Car Allowances , earlier, for more information. Free self tax preparation online Any expenses in excess of these amounts can be claimed only as a miscellaneous itemized deduction subject to the 2% limit. Free self tax preparation online Member of a reserve component. Free self tax preparation online   You are a member of a reserve component of the Armed Forces of the United States if you are in the Army, Navy, Marine Corps, Air Force, or Coast Guard Reserve; the Army National Guard of the United States; the Air National Guard of the United States; or the Reserve Corps of the Public Health Service. Free self tax preparation online How to report. Free self tax preparation online   If you have reserve-related travel that takes you more than 100 miles from home, you should first complete Form 2106 or Form 2106-EZ. Free self tax preparation online Then include your expenses for reserve travel over 100 miles from home, up to the federal rate, from Form 2106, line 10, or Form 2106-EZ, line 6, in the total on Form 1040, line 24. Free self tax preparation online Subtract this amount from the total on Form 2106, line 10, or Form 2106-EZ, line 6, and deduct the balance as an itemized deduction on Schedule A (Form 1040), line 21. Free self tax preparation online   You cannot deduct expenses of travel that does not take you more than 100 miles from home as an adjustment to gross income. Free self tax preparation online Instead, you must complete Form 2106 or 2106-EZ and deduct those expenses as an itemized deduction on Schedule A (Form 1040), line 21. Free self tax preparation online Officials Paid on a Fee Basis Certain fee-basis officials can claim their employee business expenses whether or not they itemize their other deductions on Schedule A (Form 1040). Free self tax preparation online Fee-basis officials are persons who are employed by a state or local government and who are paid in whole or in part on a fee basis. Free self tax preparation online They can deduct their business expenses in performing services in that job as an adjustment to gross income rather than as a miscellaneous itemized deduction. Free self tax preparation online If you are a fee-basis official, include your employee business expenses from Form 2106, line 10, or Form 2106-EZ, line 6, in the total on Form 1040, line 24. Free self tax preparation online Expenses of Certain Performing Artists If you are a performing artist, you may qualify to deduct your employee business expenses as an adjustment to gross income rather than as a miscellaneous itemized deduction. Free self tax preparation online To qualify, you must meet all of the following requirements. Free self tax preparation online During the tax year, you perform services in the performing arts as an employee for at least two employers. Free self tax preparation online You receive at least $200 each from any two of these employers. Free self tax preparation online Your related performing-arts business expenses are more than 10% of your gross income from the performance of those services. Free self tax preparation online Your adjusted gross income is not more than $16,000 before deducting these business expenses. Free self tax preparation online Special rules for married persons. Free self tax preparation online   If you are married, you must file a joint return unless you lived apart from your spouse at all times during the tax year. Free self tax preparation online If you file a joint return, you must figure requirements (1), (2), and (3) separately for both you and your spouse. Free self tax preparation online However, requirement (4) applies to your and your spouse's combined adjusted gross income. Free self tax preparation online Where to report. Free self tax preparation online   If you meet all of the above requirements, you should first complete Form 2106 or 2106-EZ. Free self tax preparation online Then you include your performing-arts-related expenses from Form 2106, line 10, or Form 2106-EZ, line 6, in the total on Form 1040, line 24. Free self tax preparation online   If you do not meet all of the above requirements, you do not qualify to deduct your expenses as an adjustment to gross income. Free self tax preparation online Instead, you must complete Form 2106 or 2106-EZ and deduct your employee business expenses as an itemized deduction on Schedule A (Form 1040), line 21. Free self tax preparation online Impairment-Related Work Expenses of Disabled Employees If you are an employee with a physical or mental disability, your impairment-related work expenses are not subject to the 2%-of-adjusted-gross-income limit that applies to most other employee business expenses. Free self tax preparation online After you complete Form 2106 or 2106-EZ, enter your impairment-related work expenses from Form 2106, line 10, or Form 2106-EZ, line 6, on Schedule A (Form 1040), line 28, and identify the type and amount of this expense on the dotted line next to line 28. Free self tax preparation online Enter your employee business expenses that are unrelated to your disability from Form 2106, line 10, or Form 2106-EZ, line 6, on Schedule A (Form 1040), line 21. Free self tax preparation online Impairment-related work expenses are your allowable expenses for attendant care at your workplace and other expenses in connection with your workplace that are necessary for you to be able to work. Free self tax preparation online You are disabled if you have: A physical or mental disability (for example, blindness or deafness) that functionally limits your being employed, or A physical or mental impairment (for example, a sight or hearing impairment) that substantially limits one or more of your major life activities, such as performing manual tasks, walking, speaking, breathing, learning, or working. Free self tax preparation online You can deduct impairment-related expenses as business expenses if they are: Necessary for you to do your work satisfactorily, For goods and services not required or used, other than incidentally, in your personal activities, and Not specifically covered under other income tax laws. Free self tax preparation online Example 1. Free self tax preparation online You are blind. Free self tax preparation online You must use a reader to do your work. Free self tax preparation online You use the reader both during your regular working hours at your place of work and outside your regular working hours away from your place of work. Free self tax preparation online The reader's services are only for your work. Free self tax preparation online You can deduct your expenses for the reader as business expenses. Free self tax preparation online Example 2. Free self tax preparation online You are deaf. Free self tax preparation online You must use a sign language interpreter during meetings while you are at work. Free self tax preparation online The interpreter's services are used only for your work. Free self tax preparation online You can deduct your expenses for the interpreter as business expenses. Free self tax preparation online Prev  Up  Next   Home   More Online Publications
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Free self tax preparation online 8. Free self tax preparation online   Dividendos y Otras Distribuciones Table of Contents Recordatorio Introduction Useful Items - You may want to see: Información GeneralDividendos no declarados en el Formulario 1099-DIV. Free self tax preparation online Cómo se le informa del impuesto retenido. Free self tax preparation online Nominatarios. Free self tax preparation online Dividendos OrdinariosDividendos Calificados Dividendos Utilizados para la Compra de más Acciones Fondos de Inversión del Mercado Monetario Distribuciones de Ganancias de CapitalAjuste a la base. Free self tax preparation online Distribuciones que no son DividendosDistribuciones de Liquidación Distribuciones de Acciones y Derechos a Acciones Otras DistribucionesRequisito de declarar ciertos datos. Free self tax preparation online Tratamiento del impuesto mínimo alternativo. Free self tax preparation online Cómo Declarar el Ingreso de DividendosDeducción de los intereses de inversiones. Free self tax preparation online Recordatorio Ingresos de fuentes en el extranjero. Free self tax preparation online  Si es ciudadano de los Estados Unidos con ingresos por concepto de dividendos de fuentes fuera de los Estados Unidos (ingresos del extranjero), tiene que declarar todos estos ingresos en la declaración de impuestos a menos que sean ingresos exentos por las leyes de los EE. Free self tax preparation online UU. Free self tax preparation online Esto es cierto independientemente de si reside dentro o fuera de los EE. Free self tax preparation online UU. Free self tax preparation online y si recibe o no el Formulario 1099 de un pagador extranjero. Free self tax preparation online Introduction Este capítulo explica el trato tributario que se le da a: Dividendos ordinarios, Distribuciones de ganancias de capital, Distribuciones que no sean dividendos y Otras distribuciones que pueda recibir de una sociedad anónima o de un fondo mutuo. Free self tax preparation online Este capítulo también explica cómo se declara el ingreso de dividendos en su declaración de impuestos. Free self tax preparation online Los dividendos son distribuciones de dinero, acciones u otras clases de bienes que le paga a usted una sociedad anónima o fondo mutuo. Free self tax preparation online Puede recibir también dividendos a través de una sociedad colectiva, un caudal hereditario, un fideicomiso o una asociación a la que se le gravan impuestos como a una sociedad anónima. Free self tax preparation online Sin embargo, algunas cantidades recibidas por usted y denominadas dividendos, son de hecho ingresos de intereses. Free self tax preparation online Vea Dividendos que en realidad son intereses , bajo Intereses Sujetos a Impuestos, en el capítulo 7. Free self tax preparation online La mayoría de las distribuciones se pagan en efectivo (o con cheque). Free self tax preparation online No obstante, las distribuciones pueden consistir en más acciones, derechos de suscripción de acciones u otros bienes o servicios adicionales. Free self tax preparation online Useful Items - You may want to see: Publicación 514 Foreign Tax Credit for Individuals (Crédito por impuestos del extranjero para personas físicas), en inglés 550 Investment Income and Expenses (Ingresos y gastos de inversiones), en inglés Formulario (e Instrucciones) Anexo B (Formulario 1040A o 1040) Interest and Ordinary Dividends (Intereses y dividendos ordinarios), en inglés Información General Esta sección explica las reglas generales sobre ingresos de dividendos. Free self tax preparation online Impuesto sobre ingresos no derivados del trabajo de determinados hijos. Free self tax preparation online   El impuesto sobre una parte del ingreso no derivado del trabajo recibido por un hijo en 2013 puede ser tributado a la tasa impositiva correspondiente de los padres. Free self tax preparation online Si es así, tiene que completar el Formulario 8615, Tax for Certain Children Who Have Unearned Income (Impuestos para determinados hijos que tienen ingresos no derivados del trabajo), en inglés, y adjuntarlo a la declaración de impuestos del hijo. Free self tax preparation online Si no es así, no se requiere el Formulario 8615 y los ingresos del menor están sujetos a la tasa impositiva que le corresponde. Free self tax preparation online       Algunos padres o madres pueden optar por incluir los intereses y dividendos del hijo en la declaración de impuestos del padre o la madre si se cumplen ciertos requisitos. Free self tax preparation online Si puede, utilice el Formulario 8814, Parents' Election To Report Child's Interest and Dividends (Elección del padre o de la madre de declarar los intereses y dividendos de un hijo), en inglés, para este propósito. Free self tax preparation online   Si desea obtener más información sobre el impuesto sobre los ingresos no derivados del trabajo de un hijo y la elección de los padres, vea el capítulo 31. Free self tax preparation online Beneficiario de un caudal hereditario o fideicomiso. Free self tax preparation online    Los dividendos y otras distribuciones que reciba como beneficiario de un caudal hereditario o de un fideicomiso por lo general se consideran ingresos tributables. Free self tax preparation online El fiduciario debería enviarle un Anexo K-1 (Formulario 1041), Beneficiary's Share of Income, Deductions, Credits, etc. Free self tax preparation online (Parte del ingreso, deducciones, créditos, etc. Free self tax preparation online , de un beneficiario), en inglés. Free self tax preparation online Su copia del Anexo K-1 (Formulario 1041) e instrucciones le indicarán dónde debe declarar los ingresos en el Formulario 1040. Free self tax preparation online Número de Seguro Social (SSN, por sus siglas en inglés) o número de identificación de contribuyente individual (ITIN por sus siglas en inglés). Free self tax preparation online    Tiene que darle su nombre y número de Seguro Social (o su número de identificación de contribuyente individual (ITIN, por sus siglas en inglés)) a toda persona que esté obligada por la ley federal de impuestos a expedir una declaración, un informe u otro documento relacionado con usted. Free self tax preparation online Esto incluye las entidades que pagan dividendos. Free self tax preparation online Es posible que tenga que pagar una multa si no le proporciona su número de Seguro Social o su número de identificación de contribuyente individual (ITIN) a la entidad que paga los dividendos. Free self tax preparation online Para obtener más información sobre los números de Seguro Social y los números de identificación de contribuyente individual, vea Número de Seguro Social en el capítulo 1. Free self tax preparation online Retención adicional. Free self tax preparation online   El ingreso de dividendos por lo general no está sujeto a la retención normal. Free self tax preparation online Sin embargo, podría estar sujeto a la retención adicional de impuestos para asegurar que el impuesto sobre el ingreso sea recaudado sobre ese ingreso. Free self tax preparation online Conforme a la retención adicional de impuestos, la entidad que paga los dividendos tiene que retener impuestos sobre los ingresos de la cantidad que le paga a usted, aplicándo la tasa de retención correspondiente. Free self tax preparation online   También puede requerirse una retención adicional de impuestos si el IRS ha determinado que usted ha declarado una cantidad inferior de ingresos de intereses o dividendos de lo que dn verdad recibió. Free self tax preparation online Para más información, vea Retención Adicional , en el capítulo 4. Free self tax preparation online Certificado de acciones a nombre de dos o más personas. Free self tax preparation online   Si dos o más personas tienen acciones de propiedad conjunta, propiedad en tenencia conyugal o propiedad en tenencia común, la parte de los dividendos de las acciones que le corresponde a cada persona está determinada por las leyes locales. Free self tax preparation online Formulario 1099-DIV. Free self tax preparation online   La mayoría de las sociedades anónimas y fondos mutuos usan el Formulario 1099-DIV, Dividends and Distributions (Dividendos y distribuciones), en inglés, para informarle de las distribuciones que recibió de ellas durante el año. Free self tax preparation online Guarde este formulario con su documentación. Free self tax preparation online No tiene que adjuntar el formulario a su declaración de impuestos. Free self tax preparation online Dividendos no declarados en el Formulario 1099-DIV. Free self tax preparation online   Aun si no recibe el Formulario 1099-DIV, tendrá que declarar todos sus ingresos de dividendos sujetos a impuestos. Free self tax preparation online Por ejemplo, podría recibir acciones repartidas de dividendos de sociedades colectivas o de sociedades anónimas de tipo S. Free self tax preparation online A usted se le informa de dichos dividendos en el Anexo K-1 (del Formulario 1065), Partner's Share of Income, Deductions, Credits, etc. Free self tax preparation online (Parte de los ingresos, deducciones, créditos, etc. Free self tax preparation online , correspondiente al socio), en inglés, y en el Anexo K-1 (del Formulario 1120S), Shareholder's Share of Income, Deductions, Credits, etc. Free self tax preparation online (Parte de los ingresos, deducciones, créditos, etc. Free self tax preparation online , correspondiente al accionista), en inglés. Free self tax preparation online Cómo se le informa del impuesto retenido. Free self tax preparation online   Si se le retienen impuestos sobre su ingreso de dividendos, el pagador tiene que darle un Formulario 1099-DIV que indica la cantidad retenida. Free self tax preparation online Nominatarios. Free self tax preparation online   Si alguien recibe distribuciones como nominatario suyo, esa persona le dará un Formulario 1099-DIV que indicará las distribuciones recibidas en nombre de usted. Free self tax preparation online Formulario 1099-MISC. Free self tax preparation online   A usted se le tiene que informar de ciertos pagos sustitutivos en lugar de dividendos o intereses exentos de impuestos que recibe de un agente corredor bursátil en su nombre en el Formulario 1099-MISC, Miscellaneous Income (Ingresos misceláneos), en inglés, o en un documento similar. Free self tax preparation online Vea Reporting Substitute Payments (Cómo informar de pagos sustitutivos), bajo Short Sales (Ventas a corto al descubierto), en el capítulo 4 de la Publicación 550, en inglés, para más información sobre cómo informar de estos pagos. Free self tax preparation online Cantidad incorrecta que aparece en un Formulario 1099. Free self tax preparation online   Si recibe un Formulario 1099 que indica una cantidad incorrecta (u otra información incorrecta), debe pedirle a la persona que le dio el formulario que le envíe otro formulario corregido. Free self tax preparation online En el nuevo Formulario 1099 que recibirá aparecerá la palabra “ Corrected ” (Corregido). Free self tax preparation online Dividendos de acciones vendidas. Free self tax preparation online   Si se venden o intercambian acciones, o si se enajenan de otra manera después de que se declare un dividendo pero antes de ser pagado, el dueño oficial (usualmente la persona a quien se le expide el cheque de dividendos) tiene que incluir el dividendo en sus ingresos. Free self tax preparation online Dividendos recibidos en enero. Free self tax preparation online   A usted se le considera que ha recibido un dividendo el 31 de diciembre si un fondo mutuo (u otra compañía de inversiones reglamentada) o una sociedad de inversión inmobiliaria (REIT, por sus siglas en inglés) declara un dividendo (incluyendo todo dividendo que produzca intereses exentos o una distribución de ganancias de capital) en octubre, noviembre o diciembre, pagadero a los accionistas oficiales en una fecha de uno de estos meses, pero que realmente paga el dividendo durante enero del próximo año calendario. Free self tax preparation online Usted tiene que declarar el dividendo en el año en que fue declarado. Free self tax preparation online Dividendos Ordinarios Los dividendos ordinarios (sujetos a impuestos) son la distribución más común hecha por una sociedad anónima o un fondo mutuo. Free self tax preparation online Se pagan usando ingresos y ganancias y son considerados ingresos ordinarios para usted. Free self tax preparation online Esto significa que no son ganancias de capital. Free self tax preparation online Puede suponer que todo dividendo que reciba de acciones comunes o preferentes es un dividendo ordinario a menos que la sociedad anónima o el fondo mutuo que efectúa el pago le indique lo contrario. Free self tax preparation online Los dividendos ordinarios se muestran en el recuadro 1a del Formulario 1099-DIV que usted reciba. Free self tax preparation online Dividendos Calificados Los dividendos calificados son los dividendos ordinarios sujetos a la misma tasa impositiva máxima del 0%, 15% o 20% que corresponde a las ganancias netas de capital. Free self tax preparation online Deben indicarse en el recuadro 1b del Formulario 1099-DIV que reciba. Free self tax preparation online La tasa máxima del impuesto sobre los dividendos calificados es: 0% sobre toda cantidad que de otro modo se le impondrían impuestos a una tasa del 10% o del 15%. Free self tax preparation online 15% sobre toda cantidad que de otro modo se le impondrían impuestos a tasas mayores de 15%, pero menores de 39. Free self tax preparation online 6%. Free self tax preparation online 20% sobre toda cantidad que de otro modo se le impondrían impuestos a una tasa de 39. Free self tax preparation online 6%. Free self tax preparation online Para tener derecho a la tasa impositiva máxima, todos los requisitos siguientes tienen que cumplirse: Los dividendos tienen que haber sido pagados por una sociedad anónima estadounidense o una sociedad anónima extranjera calificada. Free self tax preparation online Vea Sociedad anónima extranjera calificada , más adelante. Free self tax preparation online Los dividendos no tienen la misma clasificación que aquéllos incluidos más adelante bajo Dividendos que no son dividendos calificados . Free self tax preparation online Usted cumple el período de tenencia (tema que se explica a continuación). Free self tax preparation online Período de tenencia. Free self tax preparation online   Usted tiene que haber tenido las acciones por más de 60 días durante el período de 121 días que comienza 60 días antes de la fecha del ex dividendo. Free self tax preparation online La fecha del ex dividendo es la primera fecha que sigue a la declaración del dividendo en la cual el comprador de las acciones no tiene derecho a recibir el siguiente pago de dividendos. Free self tax preparation online En su lugar, el vendedor recibirá el dividendo. Free self tax preparation online   Cuando cuente el número de días que tuvo las acciones, incluya el día en que enajenó las acciones, pero no el día en que las adquirió. Free self tax preparation online Vea los ejemplos más adelante. Free self tax preparation online Excepción para acciones preferentes. Free self tax preparation online   En el caso de acciones preferentes, tiene que haber tenido las acciones por más de 90 días durante el período de 181 días que comienza 90 días antes de la fecha del ex dividendo, si los dividendos se deben a períodos cuyo total es más de 366 días. Free self tax preparation online Si los dividendos preferentes se deben a períodos cuyo total es menos de 367 días, les corresponde el período de tenencia del párrafo anterior. Free self tax preparation online Ejemplo 1. Free self tax preparation online Usted compró 5,000 acciones ordinarias de la Compañía XYZ el 9 de julio de 2013. Free self tax preparation online La Compañía XYZ pagó un dividendo en efectivo de 10 centavos por cada acción. Free self tax preparation online La fecha del ex dividendo fue el 16 de julio de 2013. Free self tax preparation online El Formulario 1099-DIV de la Compañía XYZ muestra $500 en el recuadro 1a (dividendos ordinarios) y en el recuadro 1b (dividendos calificados). Free self tax preparation online No obstante, usted vendió las 5,000 acciones el 12 de agosto de 2013. Free self tax preparation online Tuvo las acciones de la Compañía XYZ por sólo 34 días del período de 121 días (desde el 10 de julio de 2013 hasta el 12 de agosto de 2013). Free self tax preparation online El período de 121 días comenzó el 17 de mayo de 2013 (60 días antes de la fecha del ex dividendo) y terminó el 14 de septiembre de 2013. Free self tax preparation online Usted no tiene dividendos calificados de la Compañía XYZ porque tuvo las acciones de la compañía por menos de 61 días. Free self tax preparation online Ejemplo 2. Free self tax preparation online Suponga que los hechos son los mismos que en el Ejemplo 1, excepto que compró las acciones el 15 de julio de 2013 (el día antes de la fecha del ex dividendo) y vendió las acciones el 16 de septiembre de 2013. Free self tax preparation online Usted tuvo las acciones por 63 días (desde el 16 de julio de 2013 hasta el 16 de septiembre de 2013). Free self tax preparation online Los $500 de dividendos calificados mostrados en el recuadro 1b del Formulario 1099-DIV son en su totalidad dividendos calificados porque tuvo las acciones por 61 días del período de 121 días (desde el 16 de julio de 2013 hasta el 14 de septiembre de 2013). Free self tax preparation online Ejemplo 3. Free self tax preparation online Usted compró 10,000 acciones ordinarias del Fondo Mutuo ABC el 9 de julio de 2013. Free self tax preparation online El Fondo Mutuo ABC pagó un dividendo en efectivo de 10 centavos por cada acción. Free self tax preparation online La fecha del ex dividendo fue el 16 de julio de 2013. Free self tax preparation online El Fondo Mutuo ABC le informa que la parte del dividendo que puede ser tratada como dividendos calificados equivale a 2 centavos por cada acción. Free self tax preparation online El Formulario 1099-DIV del Fondo Mutuo ABC muestra dividendos ordinarios de $1,000 y dividendos calificados de $200. Free self tax preparation online Sin embargo, usted vendió las 10,000 acciones el 12 de agosto de 2013. Free self tax preparation online No tiene dividendos calificados del Fondo Mutuo ABC porque tuvo las acciones del Fondo Mutuo ABC menos de 61 días. Free self tax preparation online Reducción del período de tenencia cuando disminuya el riesgo de pérdida. Free self tax preparation online   Al determinar si usted cumplió el período mínimo de tenencia del que se habló anteriormente, no puede contar ningún día durante el cual se cumpliera alguna de las situaciones siguientes: Tuvo una opción para vender, estaba bajo obligación por contrato de venta o había hecho (pero no cerrado) una venta al descubierto de acciones o valores sustancialmente iguales. Free self tax preparation online Era el otorgante (girador) de una opción de compra de acciones o valores bursátiles sustancialmente iguales. Free self tax preparation online Su riesgo de pérdida disminuye por tener una o más posiciones en bienes sustancialmente iguales o afines. Free self tax preparation online   Para información sobre cómo aplicar la condición (3), vea la sección 1. Free self tax preparation online 246-5 de los Reglamentos. Free self tax preparation online Sociedad anónima extranjera calificada. Free self tax preparation online   Una sociedad anónima extranjera es una compañía extranjera calificada si cumple alguna de las siguientes condiciones: La sociedad anónima está incorporada (constituida legalmente) en un territorio de los Estados Unidos. Free self tax preparation online La sociedad anónima reúne los requisitos para recibir los beneficios de un tratado amplio de impuestos sobre el ingreso con los Estados Unidos que el Departamento del Tesoro considere satisfactorio para este propósito y que incluya un programa de intercambio de información. Free self tax preparation online Para una lista de estos tratados, vea la Tabla 8-1. Free self tax preparation online La sociedad anónima no cumple las condiciones (1) o (2) anteriores, pero las acciones por las cuales se paga el dividendo son comercializables en un mercado de valores bursátiles establecido en los Estados Unidos. Free self tax preparation online Vea Acciones comercializables listadas , más adelante. Free self tax preparation online Excepción. Free self tax preparation online   Una sociedad anónima no es una sociedad anónima extranjera calificada si es una compañía extranjera de inversiones pasivas durante el año tributario en el cual se pagan los dividendos o durante el año tributario anterior. Free self tax preparation online Acciones comercializables listadas. Free self tax preparation online   Todas las acciones (tales como acciones comunes, ordinarias o preferentes) o recibos de depósito estadounidenses respecto a esas acciones, satisfacen el requisito (3), mencionado anteriormente bajo Sociedad anónima extranjera calificada , si se listan (cotizan) en una bolsa de valores nacional que está inscrita conforme a la sección 6 de la Securities Exchange Act (Ley de la Bolsa de Valores) de 1934 o en el Mercado de Valores Nasdaq. Free self tax preparation online Si desea ver una lista de las bolsas que reúnen estos requisitos, vea www. Free self tax preparation online sec. Free self tax preparation online gov/divisions/marketreg/mrexchanges. Free self tax preparation online shtml, en inglés. Free self tax preparation online Dividendos que no son dividendos calificados. Free self tax preparation online   Los dividendos enumerados a continuación no son dividendos calificados. Free self tax preparation online No son dividendos calificados aunque se encuentren indicados en el recuadro 1b del Formulario 1099-DIV. Free self tax preparation online Distribuciones de ganancias de capital. Free self tax preparation online Dividendos pagados sobre depósitos en cajas mutuas de ahorros, bancos cooperativos, cooperativas de crédito, asociaciones de crédito a la construcción estadounidenses, asociaciones de préstamo y ahorro estadounidenses, asociaciones federales de préstamo y ahorro e instituciones financieras similares. Free self tax preparation online Declare estos ingresos como ingreso de intereses. Free self tax preparation online Dividendos de una sociedad anónima que es una organización exenta de impuestos o una cooperativa agrícola durante el año tributario de la sociedad anónima en el cual se pagaron los dividendos o durante el año tributable anterior de la sociedad anónima. Free self tax preparation online Dividendos pagados por una sociedad anónima sobre valores bursátiles del empleador tenidos en la fecha de registro por un plan de compra de acciones para empleados (ESOP, por sus siglas en inglés) mantenido por esa sociedad anónima. Free self tax preparation online Dividendos sobre acciones hasta el punto que usted esté obligado (ya sea por venta al descubierto o de otra manera) a hacer pagos afines por posiciones en bienes sustancialmente similares o relacionados. Free self tax preparation online Pagos en lugar de dividendos, pero sólo si usted sabe o tiene razón de saber que los pagos no son dividendos calificados. Free self tax preparation online Pagos mostrados en el recuadro 1b del Formulario 1099-DIV, provenientes de una sociedad anónima extranjera hasta el punto que usted sepa o tenga razón de saber que los pagos no son dividendos calificados. Free self tax preparation online Tabla 8-1. Free self tax preparation online Tratados de Impuestos sobre los Ingresos Los tratados de impuestos sobre los ingresos que los Estados Unidos tiene con los siguientes países cumplen la condición (2) bajo Sociedad anónima extranjera calificada. Free self tax preparation online       Australia India Reino Austria Indonesia Unido Alemania Irlanda República Bangladesh Islandia Checa Barbados Israel República Bélgica Italia Eslovaca Bulgaria Jamaica Rumania Canadá Japón Sri Lanka China Kazajstán Suecia Chipre Letonia Suiza Corea Lituania Sudáfrica Dinamarca Luxemburgo Tailandia Egipto Malta Trinidad y Eslovenia Marruecos Tobago España México Túnez Estonia Noruega Turquía Federación Nueva Ucrania Rusa Zelandia Venezuela Filipinas Países Bajos (Holanda)   Finlandia Paquistán   Francia Polonia   Grecia Portugal   Hungría       Dividendos Utilizados para la Compra de más Acciones La sociedad anónima en la cual usted tiene acciones podría tener un plan para la reinversión de dividendos. Free self tax preparation online Tales planes le permiten optar por el uso de sus dividendos para comprar (por medio de un agente) más acciones en la sociedad anónima en vez de recibir los dividendos en efectivo. Free self tax preparation online La mayoría de los fondos de inversión también permiten a los accionistas reinvertir automáticamente las distribuciones para comprar más acciones en el fondo en lugar de recibir dinero en efectivo. Free self tax preparation online Si utiliza los dividendos para comprar más acciones al precio justo de mercado, todavía tiene que declarar los dividendos como ingreso. Free self tax preparation online Si es miembro de un plan de reinversión de dividendos que le permite comprar más acciones a un precio menor del precio justo de mercado, tiene que declarar como ingreso de dividendos el valor justo de mercado de las acciones adicionales el día del pago de los dividendos. Free self tax preparation online También tiene que declarar como ingreso de dividendos todos los cargos por servicios restados de sus dividendos en efectivo antes de que los dividendos sean utilizados para comprar acciones adicionales. Free self tax preparation online Pero tal vez pueda deducir el cargo por servicios. Free self tax preparation online Vea el capítulo 28 para más información sobre la deducción de gastos relativos a la producción de ingresos. Free self tax preparation online En algunos planes de reinversión de dividendos, se puede invertir más efectivo para comprar acciones a un precio menor del valor justo de mercado. Free self tax preparation online Si elige hacer esto, tiene que declarar como ingreso de dividendos la diferencia entre el efectivo que invierte y el valor justo de mercado de las acciones que compra. Free self tax preparation online Al calcular esta cantidad, utilice el valor justo de mercado de las acciones el día del pago del dividendo. Free self tax preparation online Fondos de Inversión del Mercado Monetario Declare las cantidades que reciba de fondos de inversión del mercado monetario como ingreso de dividendos. Free self tax preparation online Los fondos de inversión del mercado monetario son una clase de fondo mutuo y no deben ser confundidos con cuentas bancarias del mercado monetario que pagan intereses. Free self tax preparation online Distribuciones de Ganancias de Capital Las distribuciones de ganancias de capital (se denominan también dividendos de ganancias de capital) le son pagadas a usted o acreditadas a su cuenta por fondos mutuos (u otras sociedades inversionistas reglamentadas) y sociedades de inversión inmobiliaria (REIT, por sus siglas en inglés). Free self tax preparation online Estas distribuciones se mostrarán en el recuadro 2a del Formulario 1099-DIV que recibe del fondo mutuo o de la sociedad de inversión inmobiliaria. Free self tax preparation online Declare las distribuciones de ganancias de capital como ganancias de capital a largo plazo independientemente de cuánto tiempo usted haya tenido las acciones en el fondo mutuo o en la sociedad de inversión inmobiliaria. Free self tax preparation online Ganancias de capital no distribuidas provenientes de fondos mutuos y sociedades de inversión inmobiliaria. Free self tax preparation online    Algunos fondos mutuos y sociedades de inversión inmobiliaria retienen sus ganancias de capital a largo plazo y pagan impuesto sobre ellas. Free self tax preparation online Tiene que tratar su parte de estas ganancias como distribuciones, aunque en realidad no las reciba. Free self tax preparation online Sin embargo, éstas no se incluyen en el Formulario 1099-DIV. Free self tax preparation online En lugar de esto, a usted se le informa de dichas ganancias en el recuadro 1a del Formulario 2439 (en inglés). Free self tax preparation online   Declare las ganancias de capital no distribuidas (recuadro 1a del Formulario 2439) como ganancias de capital a largo plazo en la columna (h) en la línea 11 del Anexo D (Formulario 1040). Free self tax preparation online   Los impuestos pagados sobre estas ganancias por el fondo mutuo o la sociedad de inversión inmobiliaria se pueden ver en el recuadro 2 del Formulario 2439. Free self tax preparation online Para que el pago de dichos impuestos se le acredite a usted, anótelos en la línea 71 del Formulario 1040 y marque el recuadro “ a ” en esa línea. Free self tax preparation online Adjunte la Copia B del Formulario 2439 a su declaración y mantenga la Copia C para sus archivos. Free self tax preparation online Ajuste a la base. Free self tax preparation online   Aumente la base del fondo mutuo o sus intereses en una sociedad de inversión inmobiliaria por la diferencia entre la ganancia que declare y la cantidad de impuesto pagado que se le acredite a usted. Free self tax preparation online Información adicional. Free self tax preparation online   Para más información sobre el trato dado a las distribuciones de fondos mutuos, vea la Publicación 550, en inglés. Free self tax preparation online Distribuciones que no son Dividendos Una distribución que no sea en forma de dividendo es una distribución que no se paga de los ingresos y ganancias de una sociedad anónima o un fondo mutuo. Free self tax preparation online Usted debe recibir un Formulario 1099-DIV u otro estado de cuentas mostrándole la distribución que no sea en forma de dividendo. Free self tax preparation online En el Formulario 1099-DIV, una distribución que no sea en forma de dividendo se mostrará en el recuadro 3. Free self tax preparation online Si no recibe tal estado de cuentas, declare la distribución como un dividendo ordinario. Free self tax preparation online Ajuste a la base. Free self tax preparation online   Una distribución que no sea en forma de dividendo reduce la base de sus acciones. Free self tax preparation online No se le gravan impuestos hasta que su base en las acciones se recupere por completo. Free self tax preparation online Esta parte no sujeta a impuestos también se denomina rendimiento de capital. Free self tax preparation online Es un rendimiento de la inversión en las acciones de la empresa. Free self tax preparation online Si compra acciones de una sociedad anónima en lotes diferentes y en diferentes ocasiones y no puede identificar definitivamente las acciones sujetas a las distribuciones que no sean en forma de dividendos, reduzca la base de las acciones que compró primero. Free self tax preparation online   Cuando la base de las acciones haya sido reducida a cero, declare como una ganancia de capital toda distribución adicional que reciba que no sea en forma de dividendos. Free self tax preparation online Dependiendo de cuánto tiempo haya tenido las acciones, las declara como una ganancia de capital a largo plazo o como una ganancia de capital a corto plazo. Free self tax preparation online Vea el tema titulado Período de Tenencia , en el capítulo 14. Free self tax preparation online Ejemplo. Free self tax preparation online Usted compró acciones en el año 2000 por $100. Free self tax preparation online En el año 2003, recibió una distribución que no es dividendo de $80. Free self tax preparation online No incluyó esta cantidad en su ingreso, pero redujo la base de las acciones a $20. Free self tax preparation online Recibió una distribución que no es dividendo de $30 en el año 2013. Free self tax preparation online Los primeros $20 de esta cantidad redujeron su base a cero. Free self tax preparation online Usted declara los otros $10 como ganancia de capital a largo plazo para el año 2013. Free self tax preparation online Debe declarar como ganancia de capital a largo plazo toda distribución sobre estas acciones que no sea en forma de dividendo que reciba en los siguientes años. Free self tax preparation online Distribuciones de Liquidación Las distribuciones de liquidación, a veces conocidas como dividendos de liquidación, son distribuciones que se reciben durante una liquidación parcial o completa de una sociedad anónima. Free self tax preparation online Estas distribuciones son, por lo menos en parte, un tipo de rendimiento del capital. Free self tax preparation online Pueden pagarse en uno o más plazos. Free self tax preparation online Usted recibirá un Formulario 1099-DIV de la sociedad anónima mostrándole la cantidad de una distribución de liquidación en el recuadro 8 ó 9. Free self tax preparation online Para más información sobre las distribuciones de liquidación, vea el capítulo 1 de la Publicación 550, en inglés. Free self tax preparation online Distribuciones de Acciones y Derechos a Acciones Las distribuciones hechas por una sociedad anónima de sus propias acciones son comúnmente conocidas como dividendos de acciones. Free self tax preparation online Los derechos a acciones (también conocidos como “opción de compra de acciones”) son distribuciones hechas por una sociedad anónima de derechos para adquirir acciones de la misma. Free self tax preparation online Por lo general, los dividendos de acciones y los derechos a acciones no están sujetos a impuestos para usted y no los declara en la declaración de impuestos. Free self tax preparation online Dividendos de acciones y derechos a acciones sujetos a impuestos. Free self tax preparation online   Las distribuciones de dividendos de acciones y de derechos a acciones están sujetas a impuestos en su caso si se cumple alguna de las siguientes condiciones: Usted o algún otro accionista tiene la opción de recibir dinero en efectivo u otros bienes en vez de recibir acciones o derechos a acciones. Free self tax preparation online La distribución les da dinero en efectivo u otra propiedad a algunos accionistas y un aumento en el porcentaje de intereses en los bienes o ingresos y ganancias de la sociedad anónima a otros accionistas. Free self tax preparation online La distribución se puede convertir en acciones preferentes y tiene el mismo resultado que en el punto (2). Free self tax preparation online La distribución les da acciones preferentes a algunos accionistas dueños de acciones comunes y les da acciones comunes a otros accionistas dueños de acciones comunes. Free self tax preparation online La distribución es sobre acciones prefe- rentes. Free self tax preparation online Sin embargo, la distribución no está sujeta a impuestos si es un aumento en la proporción de conversión de las acciones preferentes convertibles hecho solamente para tener en cuenta un dividendo de acciones, un cambio proporcional en la cantidad de acciones de una sociedad anónima o un suceso similar que de otra manera resultaría en la reducción del derecho de conversión. Free self tax preparation online   El término “acciones” incluye el derecho de adquirir acciones y el término “accionista” incluye al tenedor de derechos o de valores bursátiles convertibles. Free self tax preparation online Si usted recibe dividendos de acciones o derechos a acciones sujetos a impuesto, incluya en sus ingresos el valor justo de mercado en la fecha de distribución. Free self tax preparation online Acciones preferentes rescatables por una prima. Free self tax preparation online   Si tiene acciones preferentes a un precio de rescate más alto que su precio de emisión, la diferencia (la prima de rescate) generalmente está sujeta a impuestos por concepto de una distribución implícita de acciones adicionales sobre acciones preferentes. Free self tax preparation online Para más información, vea el capítulo 1 de la Publicación 550, en inglés. Free self tax preparation online Base. Free self tax preparation online   La base en acciones o derechos a acciones recibidas en una distribución tributable es el valor justo de mercado en el momento que fueron distribuidas. Free self tax preparation online Si recibe acciones o derechos a acciones que no son tributables a usted, vea el tema titulado Stocks and Bonds (Acciones y bonos) bajo Basis of Investment Property (Base de bienes de inversión), en el capítulo 4 de la Publicación 550, en inglés, para más información sobre cómo calcular la base. Free self tax preparation online Acciones fraccionarias. Free self tax preparation online    Es posible que no posea suficientes acciones en una sociedad anónima para recibir una participación completa de las acciones si la sociedad anónima declara un dividendo de acciones. Free self tax preparation online Sin embargo, con la aprobación de los accionistas, la sociedad anónima podría establecer un plan mediante el cual las acciones fraccionarias no sean emitidas sino que sean vendidas y las ganancias en efectivo se entreguen a los accionistas. Free self tax preparation online Todo efectivo que reciba por acciones fraccionarias bajo tal clase de plan se considera una cantidad realizada en la venta de las acciones fraccionarias. Free self tax preparation online Declare esta transacción en el Formulario 8949, Sales and Other Dispositions of Capital Assets (Ventas y otras enajenaciones de bienes de capital), en inglés. Free self tax preparation online Anote su ganancia o pérdida, la diferencia entre el efectivo que usted recibe y la base de las acciones fraccionarias vendidas en la columna (h) del Anexo D (Formulario 1040) en la Parte I o Parte II, la que corresponda. Free self tax preparation online    Declare esta transacción en el Formulario 8949 marcando el recuadro correcto. Free self tax preparation online   Para más información sobre el Formulario 8949 y el Anexo D (Formulario 1040), vea el capítulo 4 de la Publicación 550. Free self tax preparation online También vea las instrucciones para el Formulario 8949 y las instruccinoes para el Anexo D (Formulario 1040). Free self tax preparation online Ejemplo. Free self tax preparation online Usted es dueño de una acción común que compró el 3 de enero de 2004 por $100. Free self tax preparation online La sociedad anónima declaró un dividendo de acciones comunes del 5% el 29 de junio de 2013. Free self tax preparation online El valor justo de mercado de las acciones en el momento en que se declaró el dividendo de acciones era $200. Free self tax preparation online A usted le pagaron $10 por el dividendo de acciones fraccionarias bajo un plan descrito en la sección titulada Acciones fraccionarias. Free self tax preparation online Usted calcula su ganancia o pérdida de la manera siguiente: Valor justo de mercado de las acciones antiguas $200. Free self tax preparation online 00 Valor justo de mercado del dividendo de acciones (efectivo recibido) +10. Free self tax preparation online 00 Valor justo de mercado de las acciones antiguas y del dividendo de acciones $210. Free self tax preparation online 00 Base (costo) de las acciones antiguas después del dividendo de acciones (($200 ÷ $210) × $100) $95. Free self tax preparation online 24 Base (costo) del dividendo de acciones (($10 ÷ $210) × $100) + 4. Free self tax preparation online 76 Total $100. Free self tax preparation online 00 Efectivo recibido $10. Free self tax preparation online 00 Base (costo) del dividendo de acciones − 4. Free self tax preparation online 76 Ganancia $5. Free self tax preparation online 24 Debido a que había tenido la acción por más de 1 año en el momento en que se declaró el dividendo de acciones, su ganancia en el dividendo de acciones es una ganancia de capital a largo plazo. Free self tax preparation online Certificado de dividendo diferido. Free self tax preparation online   Una sociedad anónima que declara un dividendo de acciones podría emitirle a usted un certificado de dividendo de acciones diferido que le da el derecho a acciones fraccionarias. Free self tax preparation online El certificado no suele estar sujeto a impuestos cuando usted lo recibe. Free self tax preparation online Si elige que la sociedad anónima venda el certificado por usted y le entregue las ganancias, su ganancia o pérdida es la diferencia entre las ganancias y la parte de su base en las acciones de la sociedad anónima asignada en el certificado. Free self tax preparation online   No obstante, si recibe un certificado de dividendo de acciones diferido y puede optar por rescatarlo por efectivo en vez de acciones, el certificado está sujeto a impuestos cuando lo reciba. Free self tax preparation online Tiene que incluir en sus ingresos el valor justo de mercado del certificado en la fecha en que lo recibió. Free self tax preparation online Otras Distribuciones Usted podría recibir alguna de las siguientes distribuciones durante el año. Free self tax preparation online Dividendos con intereses exentos. Free self tax preparation online   Los dividendos que producen intereses exentos de impuestos que recibe de un fondo mutuo u otra compañía de inversiones reglamentada, incluyendo aquellos recibidos de un fondo calificado en cualquier año tributario que comience después del 22 de diciembre del 2010, no se incluyen en los ingresos sujetos a impuestos. Free self tax preparation online Los dividendos con intereses exentos deben aparecer en el recuadro 10 del Formulario 1099-DIV. Free self tax preparation online Requisito de declarar ciertos datos. Free self tax preparation online   Aunque los dividendos con intereses exentos no están sujetos a impuestos, tiene que informar de los mismos en la declaración de impuestos si tiene que presentar una declaración. Free self tax preparation online Esto es un requisito de declarar datos y no hace que dichos dividendos con intereses exentos se cambien a ingresos sujetos a impuestos. Free self tax preparation online Tratamiento del impuesto mínimo alternativo. Free self tax preparation online   Los dividendos que produzcan intereses exentos y que se hayan pagado de bonos de actividad privada especificados podrían estar sujetos al impuesto mínimo alternativo. Free self tax preparation online Vea el tema titulado Impuesto Mínimo Alternativo (AMT) en el capítulo 30 para más información. Free self tax preparation online Dividendos de pólizas de seguro. Free self tax preparation online    Los dividendos de pólizas de seguro que el asegurador retiene y utiliza para pagar sus primas no están sujetos a impuestos. Free self tax preparation online No obstante, tiene que declarar como ingreso de intereses sujeto a impuestos los intereses que se paguen o acrediten sobre los dividendos dejados con la compañía de seguros. Free self tax preparation online    Si los dividendos de un contrato de seguros (que no sea un contrato de seguro dotal modificado) le son distribuidos a usted, éstos son una devolución parcial de las primas que usted pagó. Free self tax preparation online No los incluya en su ingreso bruto hasta que sean mayores al total de todas las primas netas que usted pagó por el contrato. Free self tax preparation online Declare todas las distribuciones sujetas a impuestos de pólizas de seguro en la línea 21 del Formulario 1040. Free self tax preparation online Dividendos del seguro para veteranos. Free self tax preparation online   Los dividendos que reciba de pólizas de seguro para veteranos no están sujetos a impuestos. Free self tax preparation online Además, los intereses de dividendos dejados en depósito con el Department of Veterans Affairs (Departamento de Asuntos de Veteranos) no están sujetos a impuestos. Free self tax preparation online Dividendos de patrocinio. Free self tax preparation online   Generalmente, los dividendos de patrocinio que reciba en dinero de una organización cooperativa están incluidos en sus ingresos. Free self tax preparation online   No incluya en sus ingresos dividendos de patrocinio que reciba por: Propiedad comprada para uso personal o Bienes de capital o propiedad depreciable comprados para uso en su negocio. Free self tax preparation online Pero tiene que reducir la base (costo) de los artículos comprados. Free self tax preparation online Si el dividendo es mayor a la base ajustada de los bienes, deberá declarar el exceso como ingreso. Free self tax preparation online   Estas reglas son las mismas independientemente de si la cooperativa que paga el dividendo es una cooperativa sujeta a impuestos o no. Free self tax preparation online Dividendos del Alaska Permanent Fund (Fondo Permanente de Alaska). Free self tax preparation online    No declare las cantidades que reciba del Alaska Permanent Fund como dividendos. Free self tax preparation online Declare estas cantidades en la línea 21 del Formulario 1040, la línea 13 del Formulario 1040A o la línea 3 del Formulario 1040EZ. Free self tax preparation online Cómo Declarar el Ingreso de Dividendos Por lo general, se puede utilizar el Formulario 1040 o el Formulario 1040A para declarar el ingreso de dividendos. Free self tax preparation online Declare el total de sus dividendos ordinarios en la línea 9a del Formulario 1040 o del Formulario 1040A. Free self tax preparation online Declare los dividendos calificados en la línea 9b del Formulario 1040 o el Formulario 1040A. Free self tax preparation online Si recibe una distribución de ganancias de capital, quizás pueda utilizar el Formulario 1040A o quizás tenga que utilizar el Formulario 1040. Free self tax preparation online Vea Excepciones a la presentación del Formulario 8949 y el Anexo D (Formulario 1040) , en el capítulo 16. Free self tax preparation online Si recibe distribuciones que no son dividendos pero que deben declararse como ganancias de capital, tendrá que utilizar el Formulario 1040. Free self tax preparation online No puede utilizar el Formulario 1040EZ si recibe ingresos de dividendos. Free self tax preparation online Formulario 1099-DIV. Free self tax preparation online   Si era dueño de acciones por las cuales ha recibido $10 o más por concepto de dividendos y otras distribuciones, deberá recibir un Formulario 1099-DIV. Free self tax preparation online Aun si no recibe un Formulario 1099-DIV, tiene que declarar todo su ingreso de dividendos. Free self tax preparation online   Vea el Formulario 1099-DIV para más información sobre cómo declarar el ingreso de dividendos. Free self tax preparation online Formulario 1040A o 1040. Free self tax preparation online    Tiene que completar la Parte II del Anexo B (Formulario 1040A o 1040) y adjuntarlo al Formulario 1040A o 1040, si: Sus dividendos ordinarios (el recuadro 1a del Formulario 1099-DIV) son mayores de $1,500 o Recibió, como nominatario, dividendos que en realidad le pertenecen a otra persona. Free self tax preparation online Si sus dividendos ordinarios son mayores de $1,500, usted también tiene que completar la Parte III del Anexo B (Formulario 1040 o 1040A). Free self tax preparation online   Escriba en la línea 5, Parte II del Anexo B, el nombre de cada pagador y los dividendos ordinarios que usted recibió. Free self tax preparation online Si sus valores bursátiles están a nombre de una empresa de corretaje (conocido en inglés como “ street name ”), escriba el nombre de la empresa de corretaje mostrado en el Formulario 1099-DIV como pagador. Free self tax preparation online Si sus acciones están a nombre de un nominatario que es el titular registrado, y el nominatario es el que le acredita o paga a usted los dividendos de las acciones, escriba el nombre del nominatario y los dividendos que recibió o que le fueron acreditados. Free self tax preparation online   Anote en la línea 6 el total de las cantidades que aparecen en la línea 5. Free self tax preparation online Anote también este total en la línea 9a del Formulario 1040 o del Formulario 1040A. Free self tax preparation online Dividendos calificados. Free self tax preparation online   Declare los dividendos calificados (el recuadro 1b del Formulario 1099-DIV) en la línea 9b del Formulario 1040 o del Formulario 1040A. Free self tax preparation online La cantidad del recuadro 1b ya se incluye en el recuadro 1a. Free self tax preparation online No añada ni reste la cantidad del recuadro 1b a la cantidad del recuadro 1a. Free self tax preparation online    No incluya ninguno de los siguientes en la línea 9b: Dividendos calificados que recibió como nominatario. Free self tax preparation online Vea el tema titulado Nominees (Nominatarios), bajo How to Report Dividend Income (Cómo se declara el ingreso de dividendos), en el capítulo 1 de la Publicación 550, en inglés. Free self tax preparation online Dividendos de acciones por las cuales usted no cumplió el período de tenencia. Free self tax preparation online Vea el tema titulado Período de tenencia , anteriormente, bajo la sección titulada Dividendos Calificados. Free self tax preparation online Dividendos sobre todas las acciones hasta el punto que usted esté obligado (ya sea por venta al descubierto o de otra manera) a hacer pagos afines por posiciones en bienes sustancialmente similares o relacionados. Free self tax preparation online Pagos en lugar de dividendos, pero sólo si usted sabe o tiene razón de saber que los pagos no son dividendos calificados. Free self tax preparation online Pagos mostrados en el recuadro 1b del Formulario 1099-DIV de una sociedad anónima extranjera hasta el punto donde sepa o tenga razón de saber que los pagos no son dividendos calificados. Free self tax preparation online   Si tiene dividendos calificados, tiene que calcular el impuesto completando la hoja Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo de impuestos sobre dividendos calificados y ganancias de capital) de las Instrucciones para el Formulario 1040 o el Formulario 1040A, o Schedule D Tax Worksheet (Hoja de trabajo de impuestos del Anexo D) de las Instrucciones del Anexo D del Formulario 1040, en inglés, según corresponda. Free self tax preparation online Anote los dividendos calificados en la línea 2 de la hoja de trabajo. Free self tax preparation online Deducción de los intereses de inversiones. Free self tax preparation online   Si declara una deducción por intereses de inversiones, quizás tenga que reducir sus dividendos que cumplan los requisitos de la tasa impositiva del 0%, 15% o 20%. Free self tax preparation online Redúzcala por la cantidad de dividendos calificados que elija incluir en el ingreso de inversiones al calcular el límite de la deducción de los intereses de inversiones. Free self tax preparation online Esto se hace en la hoja Qualified Dividends and Capital Gain Tax Worksheet (Hoja de trabajo de impuestos sobre dividendos calificados y ganancias de capital) o en la hoja Schedule D Tax Worksheet (Hoja de trabajo de impuestos del Anexo D). Free self tax preparation online Para más información sobre el límite de intereses de inversión, vea Gastos de inversión en el capítulo 23. Free self tax preparation online Gastos relacionados con el ingreso de dividendos. Free self tax preparation online   Es posible que pueda deducir los gastos relacionados con el ingreso de dividendos si detalla sus deducciones en el Anexo A (Formulario 1040). Free self tax preparation online Vea el capítulo 28 para obtener información general sobre la deducción de gastos relativos a la producción de ingresos. Free self tax preparation online Más información. Free self tax preparation online    Para más información sobre cómo declarar el ingreso de dividendos, vea el capítulo 1 de la Publicación 550, en inglés, o las instrucciones para el formulario que tiene que presentar. Free self tax preparation online Prev  Up  Next   Home   More Online Publications