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Turbo Tax 2010 2011

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Turbo Tax 2010 2011

Turbo tax 2010 2011 1. Turbo tax 2010 2011   Filing and Paying Business Taxes Table of Contents Introduction Useful Items - You may want to see: Identification NumbersNew EIN. Turbo tax 2010 2011 Employee. Turbo tax 2010 2011 Other payee. Turbo tax 2010 2011 Income TaxDo I Have To File an Income Tax Return? How Do I File? IRS e-file (Electronic Filing) When Is My Tax Return Due? How Do I Pay Income Tax? Self-Employment (SE) TaxHow to become insured under social security. Turbo tax 2010 2011 Earning credits in 2013 and 2014. Turbo tax 2010 2011 Employment Taxes Excise Taxes Information ReturnsWaiver of penalties. Turbo tax 2010 2011 Penalties. Turbo tax 2010 2011 Introduction This chapter explains the business taxes you may have to pay and the forms you may have to file. Turbo tax 2010 2011 It also discusses taxpayer identification numbers. Turbo tax 2010 2011 Table 1-1 lists the benefits of filing electronically. Turbo tax 2010 2011 Table 1-2 lists the federal taxes you may have to pay, their due dates, and the forms you use to report them. Turbo tax 2010 2011 Table 1-3 provides checklists that highlight the typical forms and schedules you may need to file if you ever go out of business. Turbo tax 2010 2011 You may want to get Publication 509, Tax Calendars. Turbo tax 2010 2011 It has tax calendars that tell you when to file returns and make tax payments. Turbo tax 2010 2011 Useful Items - You may want to see: Publication 505 Tax Withholding and Estimated Tax Form (and Instructions) 1040 U. Turbo tax 2010 2011 S. Turbo tax 2010 2011 Individual Income Tax Return 1040-ES Estimated Tax for Individuals Sch C (Form 1040) Profit or Loss From Business Sch C-EZ (Form 1040) Net Profit From Business Sch SE (Form 1040) Self-Employment Tax See chapter 12 for information about getting publications and forms. Turbo tax 2010 2011 Identification Numbers This section explains three types of taxpayer identification numbers, who needs them, when to use them, and how to get them. Turbo tax 2010 2011 Social security number (SSN). Turbo tax 2010 2011   Generally, use your SSN as your taxpayer identification number. Turbo tax 2010 2011 You must put this number on each of your individual income tax forms, such as Form 1040 and its schedules. Turbo tax 2010 2011   To apply for an SSN, use Form SS-5, Application for a Social Security Card. Turbo tax 2010 2011 This form is available at Social Security Administration (SSA) offices or by calling 1-800-772-1213. Turbo tax 2010 2011 It is also available from the SSA website at www. Turbo tax 2010 2011 socialsecurity. Turbo tax 2010 2011 gov. Turbo tax 2010 2011 Individual taxpayer identification number (ITIN). Turbo tax 2010 2011   The IRS will issue an ITIN if you are a nonresident or resident alien and you do not have and are not eligible to get an SSN. Turbo tax 2010 2011 In general, if you need to obtain an ITIN, you must attach Form W-7, Application for IRS Individual Taxpayer Identification Number, with your signed, original, completed tax return and any other required documentation and mail them to the following address. Turbo tax 2010 2011  Internal Revenue Service ITIN Operation P. Turbo tax 2010 2011 O. Turbo tax 2010 2011 Box 149342 Austin, TX 78714-9342 The exceptions are covered in detail in the instructions for Form W-7. Turbo tax 2010 2011 If you must include another person's SSN on your return and that person does not have and cannot get an SSN, enter that person's ITIN. Turbo tax 2010 2011 The application is also available in Spanish. Turbo tax 2010 2011 The form is available at IRS. Turbo tax 2010 2011 gov or you can call 1-800-829-3676 to order the form. Turbo tax 2010 2011    An ITIN is for tax use only. Turbo tax 2010 2011 It does not entitle the holder to social security benefits or change the holder's employment or immigration status. Turbo tax 2010 2011 Employer identification number (EIN). Turbo tax 2010 2011   You must also have an EIN to use as a taxpayer identification number if you do either of the following. Turbo tax 2010 2011 Pay wages to one or more employees. Turbo tax 2010 2011 File pension or excise tax returns. Turbo tax 2010 2011   If you must have an EIN, include it along with your SSN on your Schedule C or C-EZ. Turbo tax 2010 2011   You can apply for an EIN: Online by clicking on the Employer ID Numbers (EINs) link at www. Turbo tax 2010 2011 irs. Turbo tax 2010 2011 gov/businesses/small. Turbo tax 2010 2011 The EIN is issued immediately once the application information is validated. Turbo tax 2010 2011 By telephone at 1-800-829-4933. Turbo tax 2010 2011 By mailing or faxing Form SS-4, Application for Employer Identification Number. Turbo tax 2010 2011 New EIN. Turbo tax 2010 2011   You may need to get a new EIN if either the form or the ownership of your business changes. Turbo tax 2010 2011 For more information, see Publication 1635, Understanding Your EIN. Turbo tax 2010 2011 When you need identification numbers of other persons. Turbo tax 2010 2011   In operating your business, you will probably make certain payments you must report on information returns. Turbo tax 2010 2011 These payments are discussed under Information Returns, later in this chapter. Turbo tax 2010 2011 You must give the recipient of these payments (the payee) a statement showing the total amount paid during the year. Turbo tax 2010 2011 You must include the payee's identification number and your identification number on the returns and statements. Turbo tax 2010 2011 Employee. Turbo tax 2010 2011   If you have employees, you must get an SSN from each of them. Turbo tax 2010 2011 Record the name and SSN of each employee exactly as they are shown on the employee's social security card. Turbo tax 2010 2011 If the employee's name is not correct as shown on the card, the employee should request a new card from the SSA. Turbo tax 2010 2011 This may occur if the employee's name was changed due to marriage or divorce. Turbo tax 2010 2011   Form W-4, Employee's Withholding Allowance Certificate, is completed by each employee so the correct federal income tax can be withheld from their pay. Turbo tax 2010 2011   If your employee does not have an SSN, he or she should file Form SS-5 with the SSA. Turbo tax 2010 2011 Other payee. Turbo tax 2010 2011   If you make payments to someone who is not your employee and you must report the payments on an information return, get that person's SSN. Turbo tax 2010 2011 If you must report payments to an organization, such as a corporation or partnership, you must get its EIN. Turbo tax 2010 2011   To get the payee's SSN or EIN, use Form W-9, Request for Taxpayer Identification Number and Certification. Turbo tax 2010 2011   A payee who does not provide you with an identification number may be subject to backup withholding. Turbo tax 2010 2011 For information on backup withholding, see the Form W-9 instructions and the General Instructions for Certain Information Returns. Turbo tax 2010 2011 Income Tax This part explains whether you have to file an income tax return and when you file it. Turbo tax 2010 2011 It also explains how you pay the tax. Turbo tax 2010 2011 Do I Have To File an Income Tax Return? You have to file an income tax return for 2013 if your net earnings from self-employment were $400 or more. Turbo tax 2010 2011 If your net earnings from self-employment were less than $400, you still have to file an income tax return if you meet any other filing requirement listed in the Form 1040 instructions. Turbo tax 2010 2011 How Do I File? File your income tax return on Form 1040 and attach Schedule C or Schedule C-EZ. Turbo tax 2010 2011 Enter the net profit or loss from Schedule C or Schedule C-EZ on page 1 of Form 1040. Turbo tax 2010 2011 Use Schedule C to figure your net profit or loss from your business. Turbo tax 2010 2011 If you operated more than one business as a sole proprietorship, you must attach a separate Schedule C for each business. Turbo tax 2010 2011 You can use the simpler Schedule C-EZ if you operated only one business as a sole proprietorship, you did not have a net loss, and you meet the other requirements listed in Part I of the schedule. Turbo tax 2010 2011 IRS e-file (Electronic Filing) Please click here for the text description of the image. Turbo tax 2010 2011 E-file logo You may be able to file your tax returns electronically using an IRS e-file option. Turbo tax 2010 2011 Table 1-1 lists the benefits of IRS e-file. Turbo tax 2010 2011 IRS e-file uses automation to replace most of the manual steps needed to process paper returns. Turbo tax 2010 2011 As a result, the processing of e-file returns is faster and more accurate than the processing of paper returns. Turbo tax 2010 2011 As with a paper return, you are responsible for making sure your return contains accurate information and is filed on time. Turbo tax 2010 2011 Using e-file does not affect your chances of an IRS examination of your return. Turbo tax 2010 2011 You can file most commonly used business forms using IRS e-file. Turbo tax 2010 2011 For more information, visit IRS. Turbo tax 2010 2011 gov. Turbo tax 2010 2011 Electronic signatures. Turbo tax 2010 2011   Paperless filing is easier than you think and it's available to most taxpayers who file electronically—including those first-time filers who were 16 or older at the end of 2013. Turbo tax 2010 2011 If you file electronically using tax preparation software or a tax professional, you will participate in the Self-Select PIN (personal identification number) program. Turbo tax 2010 2011 If you are married filing jointly, you and your spouse will each need to create a PIN and enter these PINs as your electronic signatures. Turbo tax 2010 2011    To create a PIN, you must know your adjusted gross income (AGI) from your originally filed 2012 income tax return (not from an amended return, Form 1040X, or any math error notice from the IRS). Turbo tax 2010 2011 You will also need to provide your date of birth (DOB). Turbo tax 2010 2011 Make sure your DOB is accurate and matches the information on record with the Social Security Administration before you e-file. Turbo tax 2010 2011 To do this, check your annual Social Security Statement. Turbo tax 2010 2011   With a Self-Select PIN, there is nothing to sign and nothing to mail—not even your Forms W-2. Turbo tax 2010 2011 For more details on the Self-Select PIN program, visit IRS. Turbo tax 2010 2011 gov. Turbo tax 2010 2011 State returns. Turbo tax 2010 2011   In most states, you can file an electronic state return simultaneously with your federal return. Turbo tax 2010 2011 For more information, check with your local IRS office, state tax agency, tax professional, or IRS. Turbo tax 2010 2011 gov. Turbo tax 2010 2011 Refunds. Turbo tax 2010 2011   You can have your refund check mailed to you, or you can have your refund deposited directly to your checking or savings account. Turbo tax 2010 2011   With e-file, your refund will be issued in half the time as when filing on paper. Turbo tax 2010 2011 Most refunds are issued within 3 weeks. Turbo tax 2010 2011 If you choose Direct Deposit, you can receive your refund in as few as 10 days. Turbo tax 2010 2011 Offset against debts. Turbo tax 2010 2011   As with a paper return, you may not get all of your refund if you owe certain past-due amounts, such as federal tax, state tax, a student loan, or child support. Turbo tax 2010 2011 You will be notified if the refund you claimed has been offset against your debts. Turbo tax 2010 2011 Refund inquiries. Turbo tax 2010 2011   You can check the status of your refund if it has been at least 24 hours (4 weeks if you mailed a paper return) from the date you filed your return. Turbo tax 2010 2011 Be sure to have a copy of your tax return available because you will need to know the filing status, the first social security number shown on the return, and the exact whole-dollar amount of the refund. Turbo tax 2010 2011 To check on your refund, do one of the following. Turbo tax 2010 2011 Go to IRS. Turbo tax 2010 2011 gov and click on Where's My Refund. Turbo tax 2010 2011 Call 1-800-829-4477 for automated refund information, and follow the recorded instructions. Turbo tax 2010 2011 Call 1-800-829-1954 during the hours shown in your form instructions. Turbo tax 2010 2011 Balance due. Turbo tax 2010 2011   If you owe tax, you must pay it by April 15, 2014, to avoid late-payment penalties and interest. Turbo tax 2010 2011 You can make your payment electronically by scheduling an electronic funds withdrawal from your checking or savings account or by credit card. Turbo tax 2010 2011 Using an Authorized IRS e-file Provider Many tax professionals can electronically file paperless returns for their clients. Turbo tax 2010 2011 You have two options. Turbo tax 2010 2011 You can prepare your return, take it to an authorized IRS e-file provider, and have the provider transmit it electronically to the IRS. Turbo tax 2010 2011 You can have an authorized IRS e-file provider prepare your return and transmit it for you electronically. Turbo tax 2010 2011 You will be asked to complete Form 8879, IRS e-file Signature Authorization, to authorize the provider to enter your self-selected PIN on your return. Turbo tax 2010 2011 Depending on the provider and the specific services requested, a fee may be charged. Turbo tax 2010 2011 To find an authorized IRS e-file provider near you, go to IRS. Turbo tax 2010 2011 gov or look for an “Authorized IRS e-file Provider” sign. Turbo tax 2010 2011 Using Your Personal Computer A computer with Internet access is all you need to file your tax return using IRS e-file. Turbo tax 2010 2011 When you use your personal computer, you can e-file your return from your home any time of the day or night. Turbo tax 2010 2011 Sign your return electronically using a self-selected PIN to complete the process. Turbo tax 2010 2011 There is no signature form to submit or Forms W-2 to send in. Turbo tax 2010 2011 Free Internet filing options. Turbo tax 2010 2011   More taxpayers can now prepare and e-file their individual income tax returns free using commercial tax preparation software accessible through IRS. Turbo tax 2010 2011 gov or www. Turbo tax 2010 2011 usa. Turbo tax 2010 2011 gov. Turbo tax 2010 2011 The IRS is partnering with the tax software industry to offer free preparation and filing services to a significant number of taxpayers. Turbo tax 2010 2011 Security and privacy certificate programs will assure tax data is safe and secure. Turbo tax 2010 2011 To see if you qualify for these services, visit the Return Preparation and Filing Options page at IRS. Turbo tax 2010 2011 gov. Turbo tax 2010 2011   If you cannot use the free services, you can buy tax preparation software at various electronics stores or computer and office supply stores. Turbo tax 2010 2011 You can also download software from the Internet or prepare and file your return completely online by using tax preparation software available on the Internet. Turbo tax 2010 2011 Filing Through Employers and Financial Institutions Some businesses offer free e-file to their employees, members, or customers. Turbo tax 2010 2011 Others offer it for a fee. Turbo tax 2010 2011 Ask your employer or financial institution if they offer IRS e-file as an employee, member, or customer benefit. Turbo tax 2010 2011 Free Help With Your Return Free help in preparing your return is available nationwide from IRS-trained volunteers. Turbo tax 2010 2011 The Volunteer Income Tax Assistance (VITA) program is designed to help low-income taxpayers, and the Tax Counseling for the Elderly (TCE) program is designed to assist taxpayers age 60 or older with their tax returns. Turbo tax 2010 2011 Some locations offer free electronic filing. Turbo tax 2010 2011 Table 1-1. Turbo tax 2010 2011 Benefits of IRS e-file Accuracy • Your chance of getting an error notice from the IRS is significantly reduced. Turbo tax 2010 2011 Security • Your privacy and security are assured. Turbo tax 2010 2011 Electronic signatures • Create your own personal identification number (PIN) and file a completely paperless return through your tax preparation software or tax professional. Turbo tax 2010 2011 There is nothing to mail. Turbo tax 2010 2011 Proof of acceptance • You receive an electronic acknowledgment within 48 hours that the IRS has accepted your return for processing. Turbo tax 2010 2011 Fast refunds • You get your refund faster with Direct Deposit—in as few as 10 days. Turbo tax 2010 2011 Free Internet filing options • Use IRS. Turbo tax 2010 2011 gov to access commercial tax preparation and e-file services available at no cost to eligible taxpayers. Turbo tax 2010 2011 Electronic payment options • Convenient, safe, and secure electronic payment options are available. Turbo tax 2010 2011 E-file and pay your taxes in a single step. Turbo tax 2010 2011 Schedule an electronic funds withdrawal from your checking or savings account (up to and including April 15, 2014) or pay by credit card. Turbo tax 2010 2011 Federal/State filing • Prepare and file your federal and state tax returns together and double the benefits you get from e-file. Turbo tax 2010 2011 When Is My Tax Return Due? Form 1040 for calendar year 2013 is due by April 15, 2014. Turbo tax 2010 2011 If you use a fiscal year (explained in chapter 2), your return is due by the 15th day of the 4th month after the end of your fiscal year. Turbo tax 2010 2011 If you file late, you may have to pay penalties and interest. Turbo tax 2010 2011 If you cannot file your return on time, use Form 4868, Application for Automatic Extension of Time To File U. Turbo tax 2010 2011 S. Turbo tax 2010 2011 Individual Income Tax Return, to request an automatic 6-month extension. Turbo tax 2010 2011 For calendar year taxpayers, this will extend the tax filing due date until October 15. Turbo tax 2010 2011 Filing an extension does not extend the time to pay your taxes, only the time to file the tax return. Turbo tax 2010 2011 How Do I Pay Income Tax? Federal income tax is a pay-as-you-go tax. Turbo tax 2010 2011 You must pay it as you earn or receive income during the year. Turbo tax 2010 2011 An employee usually has income tax withheld from his or her pay. Turbo tax 2010 2011 If you do not pay your tax through withholding, or do not pay enough tax that way, you might have to pay estimated tax. Turbo tax 2010 2011 You generally have to make estimated tax payments if you expect to owe taxes, including self-employment tax (discussed later), of $1,000 or more when you file your return. Turbo tax 2010 2011 Use Form 1040-ES to figure and pay the tax. Turbo tax 2010 2011 If you do not have to make estimated tax payments, you can pay any tax due when you file your return. Turbo tax 2010 2011 For more information on estimated tax, see Publication 505, Tax Withholding and Estimated Tax. Turbo tax 2010 2011 What are my payment options?   You can pay your estimated tax electronically using various options. Turbo tax 2010 2011 If you pay electronically, there is no need to mail in Form 1040-ES payment vouchers. Turbo tax 2010 2011 These options include: Paying electronically through the Electronic Federal Tax Payment System (EFTPS). Turbo tax 2010 2011 Paying by authorizing an electronic funds withdrawal when you file Form 1040 electronically. Turbo tax 2010 2011 Paying by credit or debit card over the phone or by Internet. Turbo tax 2010 2011 Other options include crediting an overpayment from your 2013 return to your 2014 estimated tax, or mailing a check or money order with a Form 1040-ES payment voucher. Turbo tax 2010 2011 EFTPS    To enroll in EFTPS, go to www. Turbo tax 2010 2011 eftps. Turbo tax 2010 2011 gov or call 1-800-555-4477. Turbo tax 2010 2011 When you request a new EIN and you will have a tax obligation, you are automatically enrolled in EFTPS. Turbo tax 2010 2011 Benefits of EFTPS: The chance of an error in making your payments is reduced. Turbo tax 2010 2011 You receive immediate confirmation of every transaction. Turbo tax 2010 2011 Penalty for underpayment of tax. Turbo tax 2010 2011   If you did not pay enough income tax and self-employment tax for 2013 by withholding or by making estimated tax payments, you may have to pay a penalty on the amount not paid. Turbo tax 2010 2011 The IRS will figure the penalty for you and send you a bill. Turbo tax 2010 2011 Or you can use Form 2210, Underpayment of Estimated Tax by Individuals, Estates, and Trusts, to see if you have to pay a penalty and to figure the penalty amount. Turbo tax 2010 2011 For more information, see Publication 505. Turbo tax 2010 2011 Self-Employment (SE) Tax Self-employment tax (SE tax) is a social security and Medicare tax primarily for individuals who work for themselves. Turbo tax 2010 2011 It is similar to the social security and Medicare taxes withheld from the pay of most wage earners. Turbo tax 2010 2011 If you earned income as a statutory employee, you do not pay SE tax on that income. Turbo tax 2010 2011 Social security coverage. Turbo tax 2010 2011   Social security benefits are available to self-employed persons just as they are to wage earners. Turbo tax 2010 2011 Your payments of SE tax contribute to your coverage under the social security system. Turbo tax 2010 2011 Social security coverage provides you with retirement benefits, disability benefits, survivor benefits, and hospital insurance (Medicare) benefits. Turbo tax 2010 2011 By not reporting all of your self-employment income, you could cause your social security benefits to be lower when you retire. Turbo tax 2010 2011 How to become insured under social security. Turbo tax 2010 2011   You must be insured under the social security system before you begin receiving social security benefits. Turbo tax 2010 2011 You are insured if you have the required number of credits (also called quarters of coverage), discussed next. Turbo tax 2010 2011 Earning credits in 2013 and 2014. Turbo tax 2010 2011   For 2013, you received one credit, up to a maximum of four credits, for each $1,160 ($1,200 for 2014) of income subject to social security taxes. Turbo tax 2010 2011 Therefore, for 2013, if you had income (self-employment and wages) of $4,640 that was subject to social security taxes, you receive four credits ($4,640 ÷ $1,160). Turbo tax 2010 2011   For an explanation of the number of credits you must have to be insured and the benefits available to you and your family under the social security program, consult your nearest Social Security Administration (SSA) office. Turbo tax 2010 2011    Making false statements to get or to increase social security benefits may subject you to penalties. Turbo tax 2010 2011 The Social Security Administration (SSA) time limit for posting self-employment income. Turbo tax 2010 2011   Generally, the SSA will give you credit only for self-employment income reported on a tax return filed within 3 years, 3 months, and 15 days after the tax year you earned the income. Turbo tax 2010 2011 If you file your tax return or report a change in your self-employment income after this time limit, the SSA may change its records, but only to remove or reduce the amount. Turbo tax 2010 2011 The SSA will not change its records to increase your self-employment income. Turbo tax 2010 2011 Who must pay self-employment tax. Turbo tax 2010 2011   You must pay SE tax and file Schedule SE (Form 1040) if either of the following applies. Turbo tax 2010 2011 Your net earnings from self-employment (excluding church employee income) were $400 or more. Turbo tax 2010 2011 You had church employee income of $108. Turbo tax 2010 2011 28 or more. Turbo tax 2010 2011 The SE tax rules apply no matter how old you are and even if you are already receiving social security or Medicare benefits. Turbo tax 2010 2011 SE tax rate. Turbo tax 2010 2011   For 2013, the SE tax rate on net earnings is 15. Turbo tax 2010 2011 3% (12. Turbo tax 2010 2011 4% social security tax plus 2. Turbo tax 2010 2011 9% Medicare tax). Turbo tax 2010 2011 Maximum earnings subject to SE tax. Turbo tax 2010 2011   Only the first $113,700 of your combined wages, tips, and net earnings in 2013 is subject to any combination of the 12. Turbo tax 2010 2011 4% social security part of SE tax, social security tax, or railroad retirement (tier 1) tax. Turbo tax 2010 2011   All your combined wages, tips, and net earnings in 2013 are subject to any combination of the 2. Turbo tax 2010 2011 9% Medicare part of SE tax, social security tax, or railroad retirement (tier 1) tax. Turbo tax 2010 2011   If wages and tips you receive as an employee are subject to either social security or railroad retirement (tier 1) tax, or both, and total at least $113,700, do not pay the 12. Turbo tax 2010 2011 4% social security part of the SE tax on any of your net earnings. Turbo tax 2010 2011 However, you must pay the 2. Turbo tax 2010 2011 9% Medicare part of the SE tax on all your net earnings. Turbo tax 2010 2011 Deduct one-half of your SE tax as an adjustment to income on line 27 of Form 1040. Turbo tax 2010 2011   More information. Turbo tax 2010 2011   For information on methods of calculating SE tax, see Chapter 10, Self-Employment Tax. Turbo tax 2010 2011 Table 1-2. Turbo tax 2010 2011 Which Forms Must I File? IF you are liable for: THEN use Form: DUE by:1 Income tax 1040 and Schedule C or C-EZ2 15th day of 4th month after end of  tax year. Turbo tax 2010 2011 Self-employment tax Schedule SE File with Form 1040. Turbo tax 2010 2011 Estimated tax 1040-ES 15th day of 4th, 6th, and 9th months of tax year, and 15th day of 1st month after the end of tax year. Turbo tax 2010 2011 Social security and Medicare taxes and income tax withholding 941 or 944 April 30, July 31, October 31, and January 313. Turbo tax 2010 2011     See Publication 15. Turbo tax 2010 2011 Providing information on social security and Medicare taxes and income tax withholding W-2 (to employee)  W-2 and W-3 (to the Social Security Administration) January 313. Turbo tax 2010 2011   Last day of February (March 31 if filing electronically)3. Turbo tax 2010 2011 Federal unemployment (FUTA) tax 940 January 313. Turbo tax 2010 2011     April 30, July 31, October 31, and January 31, but only if the liability for unpaid tax is more than $500. Turbo tax 2010 2011 Filing information returns for payments to nonemployees and transactions with other persons See Information Returns Forms 1099 – to the recipient by January 31 and to the IRS by February 28 (March 31 if filing electronically). Turbo tax 2010 2011     Other forms – see the General Instructions for Certain Information Returns. Turbo tax 2010 2011 Excise tax See Excise Taxes See the instructions to the forms. Turbo tax 2010 2011 1 If a due date falls on a Saturday, Sunday, or legal holiday, file by the next day that is not a Saturday, Sunday, or legal holiday. Turbo tax 2010 2011 For more information, see Publication 509, Tax Calendars. Turbo tax 2010 2011 2 File a separate schedule for each business. Turbo tax 2010 2011 3 See the form instructions if you go out of business, change the form of your business, or stop paying wages. Turbo tax 2010 2011     Employment Taxes If you have employees, you will need to file forms to report employment taxes. Turbo tax 2010 2011 Employment taxes include the following items. Turbo tax 2010 2011 Social security and Medicare taxes. Turbo tax 2010 2011 Federal income tax withholding. Turbo tax 2010 2011 Federal unemployment (FUTA) tax. Turbo tax 2010 2011 For more information, see Publication 15 (Circular E), Employer's Tax Guide. Turbo tax 2010 2011 That publication explains your tax responsibilities as an employer. Turbo tax 2010 2011 To help you determine whether the people working for you are your employees, see Publication 15-A, Employer's Supplemental Tax Guide. Turbo tax 2010 2011 That publication has information to help you determine whether an individual is an independent contractor or an employee. Turbo tax 2010 2011 If you incorrectly classify an employee as an independent contractor, you may be held liable for employment taxes for that worker plus a penalty. Turbo tax 2010 2011 An independent contractor is someone who is self-employed. Turbo tax 2010 2011 You do not generally have to withhold or pay any taxes on payments made to an independent contractor. Turbo tax 2010 2011 Excise Taxes This section identifies some of the excise taxes you may have to pay and the forms you have to file if you do any of the following. Turbo tax 2010 2011 Manufacture or sell certain products. Turbo tax 2010 2011 Operate certain kinds of businesses. Turbo tax 2010 2011 Use various kinds of equipment, facilities, or products. Turbo tax 2010 2011 Receive payment for certain services. Turbo tax 2010 2011 For more information on excise taxes, see Publication 510, Excise Taxes. Turbo tax 2010 2011 Form 720. Turbo tax 2010 2011   The federal excise taxes reported on Form 720, Quarterly Federal Excise Tax Return, consist of several broad categories of taxes, including the following. Turbo tax 2010 2011 Environmental taxes on the sale or use of ozone-depleting chemicals and imported products containing or manufactured with these chemicals. Turbo tax 2010 2011 Communications and air transportation taxes. Turbo tax 2010 2011 Fuel taxes. Turbo tax 2010 2011 Tax on the first retail sale of heavy trucks, trailers, and tractors. Turbo tax 2010 2011 Manufacturers taxes on the sale or use of a variety of different articles. Turbo tax 2010 2011 Tax on indoor tanning services. Turbo tax 2010 2011 Form 2290. Turbo tax 2010 2011   There is a federal excise tax on the use of certain trucks, truck tractors, and buses on public highways. Turbo tax 2010 2011 The tax applies to vehicles having a taxable gross weight of 55,000 pounds or more. Turbo tax 2010 2011 Report the tax on Form 2290, Heavy Highway Vehicle Use Tax Return. Turbo tax 2010 2011 For more information, see the Instructions for Form 2290. Turbo tax 2010 2011 Depositing excise taxes. Turbo tax 2010 2011   If you have to file a quarterly excise tax return on Form 720, you may have to deposit your excise taxes before the return is due. Turbo tax 2010 2011 For details on depositing excise taxes, see the Instructions for Form 720. Turbo tax 2010 2011 Information Returns If you make or receive payments in your business, you may have to report them to the IRS on information returns. Turbo tax 2010 2011 The IRS compares the payments shown on the information returns with each person's income tax return to see if the payments were included in income. Turbo tax 2010 2011 You must give a copy of each information return you are required to file to the recipient or payer. Turbo tax 2010 2011 In addition to the forms described below, you may have to use other returns to report certain kinds of payments or transactions. Turbo tax 2010 2011 For more details on information returns and when you have to file them, see the General Instructions for Certain Information Returns. Turbo tax 2010 2011 Form 1099-MISC. Turbo tax 2010 2011   Use Form 1099-MISC, Miscellaneous Income, to report certain payments you make in your business. Turbo tax 2010 2011 These payments include the following items. Turbo tax 2010 2011 Payments of $600 or more for services performed for your business by people not treated as your employees, such as fees to subcontractors, attorneys, accountants, or directors. Turbo tax 2010 2011 Rent payments of $600 or more, other than rents paid to real estate agents. Turbo tax 2010 2011 Prizes and awards of $600 or more that are not for services, such as winnings on TV or radio shows. Turbo tax 2010 2011 Royalty payments of $10 or more. Turbo tax 2010 2011 Payments to certain crew members by operators of fishing boats. Turbo tax 2010 2011 You also use Form 1099-MISC to report your sales of $5,000 or more of consumer goods to a person for resale anywhere other than in a permanent retail establishment. Turbo tax 2010 2011 Form W-2. Turbo tax 2010 2011   You must file Form W-2, Wage and Tax Statement, to report payments to your employees, such as wages, tips, and other compensation, withheld income, social security, and Medicare taxes. Turbo tax 2010 2011 You can file Form W-2 online. Turbo tax 2010 2011 For more information about Form W-2, see the General Instructions for Forms W-2 and W-3. Turbo tax 2010 2011 Penalties. Turbo tax 2010 2011   The law provides for the following penalties if you do not file Form 1099-MISC or Form W-2 or do not correctly report the information. Turbo tax 2010 2011 For more information, see the General Instructions for Certain Information Returns. Turbo tax 2010 2011 Failure to file information returns. Turbo tax 2010 2011 This penalty applies if you do not file information returns by the due date, do not include all required information, or report incorrect information. Turbo tax 2010 2011 Failure to furnish correct payee statements. Turbo tax 2010 2011 This penalty applies if you do not furnish a required statement to a payee by the required date, do not include all required information, or report incorrect information. Turbo tax 2010 2011 Waiver of penalties. Turbo tax 2010 2011   These penalties will not apply if you can show that the failure was due to reasonable cause and not willful neglect. Turbo tax 2010 2011   In addition, there is no penalty for failure to include all required information, or for including incorrect information, on a de minimis (small) number of information returns if you correct the errors by August 1 of the year the returns are due. Turbo tax 2010 2011 (A de minimis number of returns is the greater of 10 or ½ of 1% of the total number of returns you are required to file for the year. Turbo tax 2010 2011 ) Form 8300. Turbo tax 2010 2011   You must file Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business, if you receive more than $10,000 in cash in one transaction, or two or more related business transactions. Turbo tax 2010 2011 Cash includes U. Turbo tax 2010 2011 S. Turbo tax 2010 2011 and foreign coin and currency. Turbo tax 2010 2011 It also includes certain monetary instruments such as cashier's and traveler's checks and money orders. Turbo tax 2010 2011 Cash does not include a check drawn on an individual's personal account (personal check). Turbo tax 2010 2011 For more information, see Publication 1544, Reporting Cash Payments of Over $10,000 (Received in a Trade or Business). Turbo tax 2010 2011 Penalties. Turbo tax 2010 2011   There are civil and criminal penalties, including up to 5 years in prison, for not filing Form 8300, filing (or causing the filing of) a false or fraudulent Form 8300, or structuring a transaction to evade reporting requirements. Turbo tax 2010 2011 Table 1-3. Turbo tax 2010 2011 Going Out of Business Checklists (Note. Turbo tax 2010 2011 The following checklists highlight the typical final forms and schedules you may need to file if you ever go out of business. Turbo tax 2010 2011 For more information, see the instructions for the listed forms. Turbo tax 2010 2011 ) IF you are liable for:   THEN you may need to: Income tax □ File Schedule C or C-EZ with your Form 1040 for the year in which you go out of business. Turbo tax 2010 2011   □ File Form 4797 with your Form 1040 for each year in which you sell or exchange property used in your business or in which the business use of certain section 179 or listed property drops to 50% or less. Turbo tax 2010 2011   □ File Form 8594 with your Form 1040 if you sold your business. Turbo tax 2010 2011 Self-employment tax □ File Schedule SE with your Form 1040 for the year in which you go out of business. Turbo tax 2010 2011 Employment taxes □ File Form 941 (or Form 944) for the calendar quarter in which you make final wage payments. Turbo tax 2010 2011 Note. Turbo tax 2010 2011 Do not forget to check the box and enter the date final wages were paid on line 15 of Form 941 or line 14 of Form 944. Turbo tax 2010 2011   □ File Form 940 for the calendar year in which final wages were paid. Turbo tax 2010 2011 Note. Turbo tax 2010 2011 Do not forget to check box d, Final: Business closed or stopped paying wages, under Type of Return. Turbo tax 2010 2011 Information returns □ Provide Forms W-2 to your employees for the calendar year in which you make final wage payments. Turbo tax 2010 2011 Note. Turbo tax 2010 2011 These forms are generally due by the due date of your final Form 941 or Form 944. Turbo tax 2010 2011   □ File Form W-3 to file Forms W-2. Turbo tax 2010 2011 Note. Turbo tax 2010 2011 These forms are generally due within 1 month after the due date of your final Form 941 or Form 944. Turbo tax 2010 2011   □ Provide Forms 1099-MISC to each person to whom you have paid at least $600 for services (including parts and materials) during the calendar year in which you go out of business. Turbo tax 2010 2011   □ File Form 1096 to file Forms 1099-MISC. Turbo tax 2010 2011 Prev  Up  Next   Home   More Online Publications
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The Turbo Tax 2010 2011

Turbo tax 2010 2011 2. Turbo tax 2010 2011   Filing Status Table of Contents What's New Introduction Useful Items - You may want to see: Marital StatusDivorced persons. Turbo tax 2010 2011 Divorce and remarriage. Turbo tax 2010 2011 Annulled marriages. Turbo tax 2010 2011 Head of household or qualifying widow(er) with dependent child. Turbo tax 2010 2011 Considered married. Turbo tax 2010 2011 Same-sex marriage. Turbo tax 2010 2011 Spouse died during the year. Turbo tax 2010 2011 Married persons living apart. Turbo tax 2010 2011 Single Married Filing JointlyFiling a Joint Return Married Filing SeparatelySpecial Rules Head of HouseholdConsidered Unmarried Keeping Up a Home Qualifying Person Qualifying Widow(er) With Dependent Child What's New Filing status for same-sex married couples. Turbo tax 2010 2011  If you have a same-sex spouse whom you legally married in a state (or foreign country) that recognizes same-sex marriage, you and your spouse generally must use the married filing jointly or married filing separately filing status on your 2013 return, even if you and your spouse now live in a state (or foreign country) that does not recognize same-sex marriage. Turbo tax 2010 2011 See Same-sex marriage under Marital Status, later. Turbo tax 2010 2011 Introduction This chapter helps you determine which filing status to use. Turbo tax 2010 2011 There are five filing statuses. Turbo tax 2010 2011 Single. Turbo tax 2010 2011 Married Filing Jointly. Turbo tax 2010 2011 Married Filing Separately. Turbo tax 2010 2011 Head of Household. Turbo tax 2010 2011 Qualifying Widow(er) With Dependent Child. Turbo tax 2010 2011 If more than one filing status applies to you, choose the one that will give you the lowest tax. Turbo tax 2010 2011 You must determine your filing status before you can determine whether you must file a tax return (chapter 1), your standard deduction (chapter 20), and your tax (chapter 30). Turbo tax 2010 2011 You also use your filing status to determine whether you are eligible to claim certain deductions and credits. Turbo tax 2010 2011 Useful Items - You may want to see: Publication 501 Exemptions, Standard Deduction, and Filing Information 519 U. Turbo tax 2010 2011 S. Turbo tax 2010 2011 Tax Guide for Aliens 555 Community Property Marital Status In general, your filing status depends on whether you are considered unmarried or married. Turbo tax 2010 2011 Unmarried persons. Turbo tax 2010 2011   You are considered unmarried for the whole year if, on the last day of your tax year, you are unmarried or legally separated from your spouse under a divorce or separate maintenance decree. Turbo tax 2010 2011 State law governs whether you are married or legally separated under a divorce or separate maintenance decree. Turbo tax 2010 2011 Divorced persons. Turbo tax 2010 2011   If you are divorced under a final decree by the last day of the year, you are considered unmarried for the whole year. Turbo tax 2010 2011 Divorce and remarriage. Turbo tax 2010 2011   If you obtain a divorce for the sole purpose of filing tax returns as unmarried individuals, and at the time of divorce you intend to and do, in fact, remarry each other in the next tax year, you and your spouse must file as married individuals in both years. Turbo tax 2010 2011 Annulled marriages. Turbo tax 2010 2011    If you obtain a court decree of annulment, which holds that no valid marriage ever existed, you are considered unmarried even if you filed joint returns for earlier years. Turbo tax 2010 2011 You must file Form 1040X, Amended U. Turbo tax 2010 2011 S. Turbo tax 2010 2011 Individual Income Tax Return, claiming single or head of household status for all tax years that are affected by the annulment and are not closed by the statute of limitations for filing a tax return. Turbo tax 2010 2011 Generally, for a credit or refund, you must file Form 1040X within 3 years (including extensions) after the date you filed your original return or within 2 years after the date you paid the tax, whichever is later. Turbo tax 2010 2011 If you filed your original return early (for example, March 1), your return is considered filed on the due date (generally April 15). Turbo tax 2010 2011 However, if you had an extension to file (for example, until October 15) but you filed earlier and we received it on July 1, your return is considered filed on July 1. Turbo tax 2010 2011 Head of household or qualifying widow(er) with dependent child. Turbo tax 2010 2011   If you are considered unmarried, you may be able to file as a head of household or as a qualifying widow(er) with a dependent child. Turbo tax 2010 2011 See Head of Household and Qualifying Widow(er) With Dependent Child to see if you qualify. Turbo tax 2010 2011 Married persons. Turbo tax 2010 2011   If you are considered married, you and your spouse can file a joint return or separate returns. Turbo tax 2010 2011 Considered married. Turbo tax 2010 2011   You are considered married for the whole year if, on the last day of your tax year, you and your spouse meet any one of the following tests. Turbo tax 2010 2011 You are married and living together as a married couple. Turbo tax 2010 2011 You are living together in a common law marriage recognized in the state where you now live or in the state where the common law marriage began. Turbo tax 2010 2011 You are married and living apart, but not legally separated under a decree of divorce or separate maintenance. Turbo tax 2010 2011 You are separated under an interlocutory (not final) decree of divorce. Turbo tax 2010 2011 Same-sex marriage. Turbo tax 2010 2011   For federal tax purposes, individuals of the same sex are considered married if they were lawfully married in a state (or foreign country) whose laws authorize the marriage of two individuals of the same sex, even if the state (or foreign country) in which they now live does not recognize same-sex marriage. Turbo tax 2010 2011 The term “spouse” includes an individual married to a person of the same sex if the couple is lawfully married under state (or foreign) law. Turbo tax 2010 2011 However, individuals who have entered into a registered domestic partnership, civil union, or other similar relationship that is not considered a marriage under state (or foreign) law are not considered married for federal tax purposes. Turbo tax 2010 2011 For more details, see Publication 501. Turbo tax 2010 2011 Spouse died during the year. Turbo tax 2010 2011   If your spouse died during the year, you are considered married for the whole year for filing status purposes. Turbo tax 2010 2011   If you did not remarry before the end of the tax year, you can file a joint return for yourself and your deceased spouse. Turbo tax 2010 2011 For the next 2 years, you may be entitled to the special benefits described later under Qualifying Widow(er) With Dependent Child . Turbo tax 2010 2011   If you remarried before the end of the tax year, you can file a joint return with your new spouse. Turbo tax 2010 2011 Your deceased spouse's filing status is married filing separately for that year. Turbo tax 2010 2011 Married persons living apart. Turbo tax 2010 2011   If you live apart from your spouse and meet certain tests, you may be able to file as head of household even if you are not divorced or legally separated. Turbo tax 2010 2011 If you qualify to file as head of household instead of married filing separately, your standard deduction will be higher. Turbo tax 2010 2011 Also, your tax may be lower, and you may be able to claim the earned income credit. Turbo tax 2010 2011 See Head of Household , later. Turbo tax 2010 2011 Single Your filing status is single if you are considered unmarried and you do not qualify for another filing status. Turbo tax 2010 2011 To determine your marital status, see Marital Status , earlier. Turbo tax 2010 2011 Widow(er). Turbo tax 2010 2011   Your filing status may be single if you were widowed before January 1, 2013, and did not remarry before the end of 2013. Turbo tax 2010 2011 You may, however, be able to use another filing status that will give you a lower tax. Turbo tax 2010 2011 See Head of Household and Qualifying Widow(er) With Dependent Child , later, to see if you qualify. Turbo tax 2010 2011 How to file. Turbo tax 2010 2011   You can file Form 1040. Turbo tax 2010 2011 If you have taxable income of less than $100,000, you may be able to file Form 1040A. Turbo tax 2010 2011 If, in addition, you have no dependents, and are under 65 and not blind, and meet other requirements, you can file Form 1040EZ. Turbo tax 2010 2011 If you file Form 1040A or Form 1040, show your filing status as single by checking the box on line 1. Turbo tax 2010 2011 Use the Single column of the Tax Table or Section A of the Tax Computation Worksheet to figure your tax. Turbo tax 2010 2011 Married Filing Jointly You can choose married filing jointly as your filing status if you are considered married and both you and your spouse agree to file a joint return. Turbo tax 2010 2011 On a joint return, you and your spouse report your combined income and deduct your combined allowable expenses. Turbo tax 2010 2011 You can file a joint return even if one of you had no income or deductions. Turbo tax 2010 2011 If you and your spouse decide to file a joint return, your tax may be lower than your combined tax for the other filing statuses. Turbo tax 2010 2011 Also, your standard deduction (if you do not itemize deductions) may be higher, and you may qualify for tax benefits that do not apply to other filing statuses. Turbo tax 2010 2011 If you and your spouse each have income, you may want to figure your tax both on a joint return and on separate returns (using the filing status of married filing separately). Turbo tax 2010 2011 You can choose the method that gives the two of you the lower combined tax. Turbo tax 2010 2011 How to file. Turbo tax 2010 2011   If you file as married filing jointly, you can use Form 1040. Turbo tax 2010 2011 If you and your spouse have taxable income of less than $100,000, you may be able to file Form 1040A. Turbo tax 2010 2011 If, in addition, you and your spouse have no dependents, are both under 65 and not blind, and meet other requirements, you can file Form 1040EZ. Turbo tax 2010 2011 If you file Form 1040 or Form 1040A, show this filing status by checking the box on line 2. Turbo tax 2010 2011 Use the Married filing jointly column of the Tax Table or Section B of the Tax Computation Worksheet to figure your tax. Turbo tax 2010 2011 Spouse died. Turbo tax 2010 2011   If your spouse died during the year, you are considered married for the whole year and can choose married filing jointly as your filing status. Turbo tax 2010 2011 See Spouse died during the year under Marital Status, earlier, for more information. Turbo tax 2010 2011   If your spouse died in 2014 before filing a 2013 return, you can choose married filing jointly as your filing status on your 2013 return. Turbo tax 2010 2011 Divorced persons. Turbo tax 2010 2011   If you are divorced under a final decree by the last day of the year, you are considered unmarried for the whole year and you cannot choose married filing jointly as your filing status. Turbo tax 2010 2011 Filing a Joint Return Both you and your spouse must include all of your income, exemptions, and deductions on your joint return. Turbo tax 2010 2011 Accounting period. Turbo tax 2010 2011   Both of you must use the same accounting period, but you can use different accounting methods. Turbo tax 2010 2011 See Accounting Periods and Accounting Methods in chapter 1. Turbo tax 2010 2011 Joint responsibility. Turbo tax 2010 2011   Both of you may be held responsible, jointly and individually, for the tax and any interest or penalty due on your joint return. Turbo tax 2010 2011 This means that if one spouse does not pay the tax due, the other may have to. Turbo tax 2010 2011 Or, if one spouse does not report the correct tax, both spouses may be responsible for any additional taxes assessed by the IRS. Turbo tax 2010 2011 One spouse may be held responsible for all the tax due even if all the income was earned by the other spouse. Turbo tax 2010 2011 You may want to file separately if: You believe your spouse is not reporting all of his or her income, or You do not want to be responsible for any taxes due if your spouse does not have enough tax withheld or does not pay enough estimated tax. Turbo tax 2010 2011 Divorced taxpayer. Turbo tax 2010 2011   You may be held jointly and individually responsible for any tax, interest, and penalties due on a joint return filed before your divorce. Turbo tax 2010 2011 This responsibility may apply even if your divorce decree states that your former spouse will be responsible for any amounts due on previously filed joint returns. Turbo tax 2010 2011 Relief from joint responsibility. Turbo tax 2010 2011   In some cases, one spouse may be relieved of joint responsibility for tax, interest, and penalties on a joint return for items of the other spouse that were incorrectly reported on the joint return. Turbo tax 2010 2011 You can ask for relief no matter how small the liability. Turbo tax 2010 2011   There are three types of relief available. Turbo tax 2010 2011 Innocent spouse relief. Turbo tax 2010 2011 Separation of liability (available only to joint filers who are divorced, widowed, legally separated, or have not lived together for the 12 months ending on the date the election for this relief is filed). Turbo tax 2010 2011 Equitable relief. Turbo tax 2010 2011    You must file Form 8857, Request for Innocent Spouse Relief, to request relief from joint responsibility. Turbo tax 2010 2011 Publication 971, Innocent Spouse Relief, explains these kinds of relief and who may qualify for them. Turbo tax 2010 2011 Signing a joint return. Turbo tax 2010 2011   For a return to be considered a joint return, both spouses generally must sign the return. Turbo tax 2010 2011 Spouse died before signing. Turbo tax 2010 2011   If your spouse died before signing the return, the executor or administrator must sign the return for your spouse. Turbo tax 2010 2011 If neither you nor anyone else has yet been appointed as executor or administrator, you can sign the return for your spouse and enter “Filing as surviving spouse” in the area where you sign the return. Turbo tax 2010 2011 Spouse away from home. Turbo tax 2010 2011   If your spouse is away from home, you should prepare the return, sign it, and send it to your spouse to sign so that it can be filed on time. Turbo tax 2010 2011 Injury or disease prevents signing. Turbo tax 2010 2011   If your spouse cannot sign because of disease or injury and tells you to sign for him or her, you can sign your spouse's name in the proper space on the return followed by the words “By (your name), Husband (or Wife). Turbo tax 2010 2011 ” Be sure to also sign in the space provided for your signature. Turbo tax 2010 2011 Attach a dated statement, signed by you, to the return. Turbo tax 2010 2011 The statement should include the form number of the return you are filing, the tax year, and the reason your spouse cannot sign, and should state that your spouse has agreed to your signing for him or her. Turbo tax 2010 2011 Signing as guardian of spouse. Turbo tax 2010 2011   If you are the guardian of your spouse who is mentally incompetent, you can sign the return for your spouse as guardian. Turbo tax 2010 2011 Spouse in combat zone. Turbo tax 2010 2011   You can sign a joint return for your spouse if your spouse cannot sign because he or she is serving in a combat zone (such as the Persian Gulf Area, Serbia, Montenegro, Albania, or Afghanistan), even if you do not have a power of attorney or other statement. Turbo tax 2010 2011 Attach a signed statement to your return explaining that your spouse is serving in a combat zone. Turbo tax 2010 2011 For more information on special tax rules for persons who are serving in a combat zone, or who are in missing status as a result of serving in a combat zone, see Publication 3, Armed Forces' Tax Guide. Turbo tax 2010 2011 Other reasons spouse cannot sign. Turbo tax 2010 2011    If your spouse cannot sign the joint return for any other reason, you can sign for your spouse only if you are given a valid power of attorney (a legal document giving you permission to act for your spouse). Turbo tax 2010 2011 Attach the power of attorney (or a copy of it) to your tax return. Turbo tax 2010 2011 You can use Form 2848, Power of Attorney and Declaration of Representative. Turbo tax 2010 2011 Nonresident alien or dual-status alien. Turbo tax 2010 2011   Generally, a married couple cannot file a joint return if either one is a nonresident alien at any time during the tax year. Turbo tax 2010 2011 However, if one spouse was a nonresident alien or dual-status alien who was married to a U. Turbo tax 2010 2011 S. Turbo tax 2010 2011 citizen or resident alien at the end of the year, the spouses can choose to file a joint return. Turbo tax 2010 2011 If you do file a joint return, you and your spouse are both treated as U. Turbo tax 2010 2011 S. Turbo tax 2010 2011 residents for the entire tax year. Turbo tax 2010 2011 See chapter 1 of Publication 519. Turbo tax 2010 2011 Married Filing Separately You can choose married filing separately as your filing status if you are married. Turbo tax 2010 2011 This filing status may benefit you if you want to be responsible only for your own tax or if it results in less tax than filing a joint return. Turbo tax 2010 2011 If you and your spouse do not agree to file a joint return, you must use this filing status unless you qualify for head of household status, discussed later. Turbo tax 2010 2011 You may be able to choose head of household filing status if you are considered unmarried because you live apart from your spouse and meet certain tests (explained later, under Head of Household ). Turbo tax 2010 2011 This can apply to you even if you are not divorced or legally separated. Turbo tax 2010 2011 If you qualify to file as head of household, instead of as married filing separately, your tax may be lower, you may be able to claim the earned income credit and certain other credits, and your standard deduction will be higher. Turbo tax 2010 2011 The head of household filing status allows you to choose the standard deduction even if your spouse chooses to itemize deductions. Turbo tax 2010 2011 See Head of Household , later, for more information. Turbo tax 2010 2011 You will generally pay more combined tax on separate returns than you would on a joint return for the reasons listed under Special Rules, later. Turbo tax 2010 2011 However, unless you are required to file separately, you should figure your tax both ways (on a joint return and on separate returns). Turbo tax 2010 2011 This way you can make sure you are using the filing status that results in the lowest combined tax. Turbo tax 2010 2011 When figuring the combined tax of a married couple, you may want to consider state taxes as well as federal taxes. Turbo tax 2010 2011 How to file. Turbo tax 2010 2011   If you file a separate return, you generally report only your own income, exemptions, credits, and deductions. Turbo tax 2010 2011 You can claim an exemption for your spouse only if your spouse had no gross income, is not filing a return, and was not the dependent of another person. Turbo tax 2010 2011 You can file Form 1040. Turbo tax 2010 2011 If your taxable income is less than $100,000, you may be able to file Form 1040A. Turbo tax 2010 2011 Select this filing status by checking the box on line 3 of either form. Turbo tax 2010 2011 Enter your spouse's full name and SSN or ITIN in the spaces provided. Turbo tax 2010 2011 If your spouse does not have and is not required to have an SSN or ITIN, enter “NRA” in the space for your spouse's SSN. Turbo tax 2010 2011 Use the Married filing separately column of the Tax Table or Section C of the Tax Computation Worksheet to figure your tax. Turbo tax 2010 2011 Special Rules If you choose married filing separately as your filing status, the following special rules apply. Turbo tax 2010 2011 Because of these special rules, you usually pay more tax on a separate return than if you use another filing status you qualify for. Turbo tax 2010 2011   Your tax rate generally is higher than on a joint return. Turbo tax 2010 2011 Your exemption amount for figuring the alternative minimum tax is half that allowed on a joint return. Turbo tax 2010 2011 You cannot take the credit for child and dependent care expenses in most cases, and the amount you can exclude from income under an employer's dependent care assistance program is limited to $2,500 (instead of $5,000). Turbo tax 2010 2011 If you are legally separated or living apart from your spouse, you may be able to file a separate return and still take the credit. Turbo tax 2010 2011 For more information about these expenses, the credit, and the exclusion, see chapter 32. Turbo tax 2010 2011 You cannot take the earned income credit. Turbo tax 2010 2011 You cannot take the exclusion or credit for adoption expenses in most cases. Turbo tax 2010 2011 You cannot take the education credits (the American opportunity credit and lifetime learning credit), the deduction for student loan interest, or the tuition and fees deduction. Turbo tax 2010 2011 You cannot exclude any interest income from qualified U. Turbo tax 2010 2011 S. Turbo tax 2010 2011 savings bonds you used for higher education expenses. Turbo tax 2010 2011 If you lived with your spouse at any time during the tax year: You cannot claim the credit for the elderly or the disabled, and You must include in income a greater percentage (up to 85%) of any social security or equivalent railroad retirement benefits you received. Turbo tax 2010 2011 The following credits and deductions are reduced at income levels half those for a joint return: The child tax credit, The retirement savings contributions credit, The deduction for personal exemptions, and Itemized deductions. Turbo tax 2010 2011 Your capital loss deduction limit is $1,500 (instead of $3,000 on a joint return). Turbo tax 2010 2011 If your spouse itemizes deductions, you cannot claim the standard deduction. Turbo tax 2010 2011 If you can claim the standard deduction, your basic standard deduction is half the amount allowed on a joint return. Turbo tax 2010 2011 Adjusted gross income (AGI) limits. Turbo tax 2010 2011   If your AGI on a separate return is lower than it would have been on a joint return, you may be able to deduct a larger amount for certain deductions that are limited by AGI, such as medical expenses. Turbo tax 2010 2011 Individual retirement arrangements (IRAs). Turbo tax 2010 2011   You may not be able to deduct all or part of your contributions to a traditional IRA if you or your spouse were covered by an employee retirement plan at work during the year. Turbo tax 2010 2011 Your deduction is reduced or eliminated if your income is more than a certain amount. Turbo tax 2010 2011 This amount is much lower for married individuals who file separately and lived together at any time during the year. Turbo tax 2010 2011 For more information, see How Much Can You Deduct in chapter 17. Turbo tax 2010 2011 Rental activity losses. Turbo tax 2010 2011   If you actively participated in a passive rental real estate activity that produced a loss, you generally can deduct the loss from your nonpassive income, up to $25,000. Turbo tax 2010 2011 This is called a special allowance. Turbo tax 2010 2011 However, married persons filing separate returns who lived together at any time during the year cannot claim this special allowance. Turbo tax 2010 2011 Married persons filing separate returns who lived apart at all times during the year are each allowed a $12,500 maximum special allowance for losses from passive real estate activities. Turbo tax 2010 2011 See Limits on Rental Losses in chapter 9. Turbo tax 2010 2011 Community property states. Turbo tax 2010 2011   If you live in Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, or Wisconsin and file separately, your income may be considered separate income or community income for income tax purposes. Turbo tax 2010 2011 See Publication 555. Turbo tax 2010 2011 Joint Return After Separate Returns You can change your filing status from a separate return to a joint return by filing an amended return using Form 1040X. Turbo tax 2010 2011 You generally can change to a joint return any time within 3 years from the due date of the separate return or returns. Turbo tax 2010 2011 This does not include any extensions. Turbo tax 2010 2011 A separate return includes a return filed by you or your spouse claiming married filing separately, single, or head of household filing status. Turbo tax 2010 2011 Separate Returns After Joint Return Once you file a joint return, you cannot choose to file separate returns for that year after the due date of the return. Turbo tax 2010 2011 Exception. Turbo tax 2010 2011   A personal representative for a decedent can change from a joint return elected by the surviving spouse to a separate return for the decedent. Turbo tax 2010 2011 The personal representative has 1 year from the due date of the return (including extensions) to make the change. Turbo tax 2010 2011 See Publication 559, Survivors, Executors, and Administrators, for more information on filing a return for a decedent. Turbo tax 2010 2011 Head of Household You may be able to file as head of household if you meet all the following requirements. Turbo tax 2010 2011 You are unmarried or “considered unmarried” on the last day of the year. Turbo tax 2010 2011 See Marital Status , earlier, and Considered Unmarried , later. Turbo tax 2010 2011 You paid more than half the cost of keeping up a home for the year. Turbo tax 2010 2011 A qualifying person lived with you in the home for more than half the year (except for temporary absences, such as school). Turbo tax 2010 2011 However, if the qualifying person is your dependent parent, he or she does not have to live with you. Turbo tax 2010 2011 See Special rule for parent , later, under Qualifying Person. Turbo tax 2010 2011 If you qualify to file as head of household, your tax rate usually will be lower than the rates for single or married filing separately. Turbo tax 2010 2011 You will also receive a higher standard deduction than if you file as single or married filing separately. Turbo tax 2010 2011 Kidnapped child. Turbo tax 2010 2011   A child may qualify you to file as head of household even if the child has been kidnapped. Turbo tax 2010 2011 For more information, see Publication 501. Turbo tax 2010 2011 How to file. Turbo tax 2010 2011   If you file as head of household, you can use Form 1040. Turbo tax 2010 2011 If your taxable income is less than $100,000, you may be able to file Form 1040A. Turbo tax 2010 2011 Indicate your choice of this filing status by checking the box on line 4 of either form. Turbo tax 2010 2011 Use the Head of a household column of the Tax Table or Section D of the Tax Computation Worksheet to figure your tax. Turbo tax 2010 2011 Considered Unmarried To qualify for head of household status, you must be either unmarried or considered unmarried on the last day of the year. Turbo tax 2010 2011 You are considered unmarried on the last day of the tax year if you meet all the following tests. Turbo tax 2010 2011 You file a separate return (defined earlier under Joint Return After Separate Returns ). Turbo tax 2010 2011 You paid more than half the cost of keeping up your home for the tax year. Turbo tax 2010 2011 Your spouse did not live in your home during the last 6 months of the tax year. Turbo tax 2010 2011 Your spouse is considered to live in your home even if he or she is temporarily absent due to special circumstances. Turbo tax 2010 2011 See Temporary absences , under Qualifying Person, later. Turbo tax 2010 2011 Your home was the main home of your child, stepchild, or foster child for more than half the year. Turbo tax 2010 2011 (See Home of qualifying person , under Qualifying Person, later, for rules applying to a child's birth, death, or temporary absence during the year. Turbo tax 2010 2011 ) You must be able to claim an exemption for the child. Turbo tax 2010 2011 However, you meet this test if you cannot claim the exemption only because the noncustodial parent can claim the child using the rules described in Children of divorced or separated parents (or parents who live apart) under Qualifying Child in chapter 3, or in Support Test for Children of Divorced or Separated Parents (or Parents Who Live Apart) under Qualifying Relative in chapter 3. Turbo tax 2010 2011 The general rules for claiming an exemption for a dependent are explained under Exemptions for Dependents in chapter 3. Turbo tax 2010 2011 If you were considered married for part of the year and lived in a community property state (listed earlier under Married Filing Separately), special rules may apply in determining your income and expenses. Turbo tax 2010 2011 See Publication 555 for more information. Turbo tax 2010 2011 Nonresident alien spouse. Turbo tax 2010 2011   You are considered unmarried for head of household purposes if your spouse was a nonresident alien at any time during the year and you do not choose to treat your nonresident spouse as a resident alien. Turbo tax 2010 2011 However, your spouse is not a qualifying person for head of household purposes. Turbo tax 2010 2011 You must have another qualifying person and meet the other tests to be eligible to file as a head of household. Turbo tax 2010 2011 Choice to treat spouse as resident. Turbo tax 2010 2011   You are considered married if you choose to treat your spouse as a resident alien. Turbo tax 2010 2011 See Publication 519. Turbo tax 2010 2011 Keeping Up a Home To qualify for head of household status, you must pay more than half of the cost of keeping up a home for the year. Turbo tax 2010 2011 You can determine whether you paid more than half of the cost of keeping up a home by using Worksheet 2–1. Turbo tax 2010 2011 Worksheet 2-1. Turbo tax 2010 2011 Cost of Keeping Up a Home   Amount You Paid Total Cost Property taxes $ $ Mortgage interest expense     Rent     Utility charges     Repairs/maintenance     Property insurance     Food consumed on the premises     Other household expenses     Totals $ $ Minus total amount you paid   () Amount others paid   $ If the total amount you paid is more than the amount others paid, you meet the requirement of paying more than half the cost of keeping up the home. Turbo tax 2010 2011 Costs you include. Turbo tax 2010 2011   Include in the cost of keeping up a home expenses such as rent, mortgage interest, real estate taxes, insurance on the home, repairs, utilities, and food eaten in the home. Turbo tax 2010 2011   If you used payments you received under Temporary Assistance for Needy Families (TANF) or other public assistance programs to pay part of the cost of keeping up your home, you cannot count them as money you paid. Turbo tax 2010 2011 However, you must include them in the total cost of keeping up your home to figure if you paid over half the cost. Turbo tax 2010 2011 Costs you do not include. Turbo tax 2010 2011   Do not include the costs of clothing, education, medical treatment, vacations, life insurance, or transportation. Turbo tax 2010 2011 Also, do not include the rental value of a home you own or the value of your services or those of a member of your household. Turbo tax 2010 2011 Qualifying Person See Table 2-1 to see who is a qualifying person. Turbo tax 2010 2011 Any person not described in Table 2-1 is not a qualifying person. Turbo tax 2010 2011 Table 2-1. Turbo tax 2010 2011 Who Is a Qualifying Person Qualifying You To File as Head of Household?1 Caution. Turbo tax 2010 2011 See the text of this chapter for the other requirements you must meet to claim head of household filing status. Turbo tax 2010 2011 IF the person is your . Turbo tax 2010 2011 . Turbo tax 2010 2011 . Turbo tax 2010 2011   AND . Turbo tax 2010 2011 . Turbo tax 2010 2011 . Turbo tax 2010 2011   THEN that person is . Turbo tax 2010 2011 . Turbo tax 2010 2011 . Turbo tax 2010 2011 qualifying child (such as a son, daughter, or grandchild who lived with you more than half the year and meets certain other tests)2   he or she is single   a qualifying person, whether or not you can claim an exemption for the person. Turbo tax 2010 2011   he or she is married and you can claim an exemption for him or her   a qualifying person. Turbo tax 2010 2011   he or she is married and you cannot claim an exemption for him or her   not a qualifying person. Turbo tax 2010 2011 3 qualifying relative4 who is your father or mother   you can claim an exemption for him or her5   a qualifying person. Turbo tax 2010 2011 6   you cannot claim an exemption for him or her   not a qualifying person. Turbo tax 2010 2011 qualifying relative4 other than your father or mother (such as a grandparent, brother, or sister who meets certain tests)   he or she lived with you more than half the year, and he or she is related to you in one of the ways listed under Relatives who do not have to live with you in chapter 3 and you can claim an exemption for him or her5   a qualifying person. Turbo tax 2010 2011   he or she did not live with you more than half the year   not a qualifying person. Turbo tax 2010 2011   he or she is not related to you in one of the ways listed under Relatives who do not have to live with you in chapter 3 and is your qualifying relative only because he or she lived with you all year as a member of your household   not a qualifying person. Turbo tax 2010 2011   you cannot claim an exemption for him or her   not a qualifying person. Turbo tax 2010 2011 1A person cannot qualify more than one taxpayer to use the head of household filing status for the year. Turbo tax 2010 2011 2The term “qualifying child” is defined in chapter 3. Turbo tax 2010 2011 Note. Turbo tax 2010 2011 If you are a noncustodial parent, the term “qualifying child” for head of household filing status does not include a child who is your qualifying child for exemption purposes only because of the rules described under Children of divorced or separated parents (or parents who live apart) under Qualifying Child in chapter 3. Turbo tax 2010 2011 If you are the custodial parent and those rules apply, the child generally is your qualifying child for head of household filing status even though the child is not a qualifying child for whom you can claim an exemption. Turbo tax 2010 2011 3This person is a qualifying person if the only reason you cannot claim the exemption is that you can be claimed as a dependent on someone else's return. Turbo tax 2010 2011 4The term “ qualifying relative ” is defined in chapter 3. Turbo tax 2010 2011 5If you can claim an exemption for a person only because of a multiple support agreement, that person is not a qualifying person. Turbo tax 2010 2011 See Multiple Support Agreement in chapter 3. Turbo tax 2010 2011 6See Special rule for parent . Turbo tax 2010 2011 Example 1—child. Turbo tax 2010 2011 Your unmarried son lived with you all year and was 18 years old at the end of the year. Turbo tax 2010 2011 He did not provide more than half of his own support and does not meet the tests to be a qualifying child of anyone else. Turbo tax 2010 2011 As a result, he is your qualifying child (see Qualifying Child in chapter 3) and, because he is single, your qualifying person for you to claim head of household filing status. Turbo tax 2010 2011 Example 2—child who is not qualifying person. Turbo tax 2010 2011 The facts are the same as in Example 1 except your son was 25 years old at the end of the year and his gross income was $5,000. Turbo tax 2010 2011 Because he does not meet the age test (explained under Qualifying Child in chapter 3), your son is not your qualifying child. Turbo tax 2010 2011 Because he does not meet the gross income test (explained later under Qualifying Relative in chapter 3), he is not your qualifying relative. Turbo tax 2010 2011 As a result, he is not your qualifying person for head of household purposes. Turbo tax 2010 2011 Example 3—girlfriend. Turbo tax 2010 2011 Your girlfriend lived with you all year. Turbo tax 2010 2011 Even though she may be your qualifying relative if the gross income and support tests (explained in chapter 3) are met, she is not your qualifying person for head of household purposes because she is not related to you in one of the ways listed under Relatives who do not have to live with you in chapter 3. Turbo tax 2010 2011 See Table 2-1. Turbo tax 2010 2011 Example 4—girlfriend's child. Turbo tax 2010 2011 The facts are the same as in Example 3 except your girlfriend's 10-year-old son also lived with you all year. Turbo tax 2010 2011 He is not your qualifying child and, because he is your girlfriend's qualifying child, he is not your qualifying relative (see Not a Qualifying Child Test in chapter 3). Turbo tax 2010 2011 As a result, he is not your qualifying person for head of household purposes. Turbo tax 2010 2011 Home of qualifying person. Turbo tax 2010 2011   Generally, the qualifying person must live with you for more than half of the year. Turbo tax 2010 2011 Special rule for parent. Turbo tax 2010 2011   If your qualifying person is your father or mother, you may be eligible to file as head of household even if your father or mother does not live with you. Turbo tax 2010 2011 However, you must be able to claim an exemption for your father or mother. Turbo tax 2010 2011 Also, you must pay more than half the cost of keeping up a home that was the main home for the entire year for your father or mother. Turbo tax 2010 2011   You are keeping up a main home for your father or mother if you pay more than half the cost of keeping your parent in a rest home or home for the elderly. Turbo tax 2010 2011 Death or birth. Turbo tax 2010 2011   You may be eligible to file as head of household even if the individual who qualifies you for this filing status is born or dies during the year. Turbo tax 2010 2011 If the individual is your qualifying child, the child must have lived with you for more than half the part of the year he or she was alive. Turbo tax 2010 2011 If the individual is anyone else, see Publication 501. Turbo tax 2010 2011 Temporary absences. Turbo tax 2010 2011   You and your qualifying person are considered to live together even if one or both of you are temporarily absent from your home due to special circumstances such as illness, education, business, vacation, or military service. Turbo tax 2010 2011 It must be reasonable to assume the absent person will return to the home after the temporary absence. Turbo tax 2010 2011 You must continue to keep up the home during the absence. Turbo tax 2010 2011 Qualifying Widow(er) With Dependent Child If your spouse died in 2013, you can use married filing jointly as your filing status for 2013 if you otherwise qualify to use that status. Turbo tax 2010 2011 The year of death is the last year for which you can file jointly with your deceased spouse. Turbo tax 2010 2011 See Married Filing Jointly , earlier. Turbo tax 2010 2011 You may be eligible to use qualifying widow(er) with dependent child as your filing status for 2 years following the year your spouse died. Turbo tax 2010 2011 For example, if your spouse died in 2012, and you have not remarried, you may be able to use this filing status for 2013 and 2014. Turbo tax 2010 2011 This filing status entitles you to use joint return tax rates and the highest standard deduction amount (if you do not itemize deductions). Turbo tax 2010 2011 It does not entitle you to file a joint return. Turbo tax 2010 2011 How to file. Turbo tax 2010 2011   If you file as qualifying widow(er) with dependent child, you can use Form 1040. Turbo tax 2010 2011 If you also have taxable income of less than $100,000 and meet certain other conditions, you may be able to file Form 1040A. Turbo tax 2010 2011 Check the box on line 5 of either form. Turbo tax 2010 2011 Use the Married filing jointly column of the Tax Table or Section B of the Tax Computation Worksheet to figure your tax. Turbo tax 2010 2011 Eligibility rules. Turbo tax 2010 2011   You are eligible to file your 2013 return as a qualifying widow(er) with dependent child if you meet all of the following tests. Turbo tax 2010 2011 You were entitled to file a joint return with your spouse for the year your spouse died. Turbo tax 2010 2011 It does not matter whether you actually filed a joint return. Turbo tax 2010 2011 Your spouse died in 2011 or 2012 and you did not remarry before the end of 2013. Turbo tax 2010 2011 You have a child or stepchild for whom you can claim an exemption. Turbo tax 2010 2011 This does not include a foster child. Turbo tax 2010 2011 This child lived in your home all year, except for temporary absences. Turbo tax 2010 2011 See Temporary absences , earlier, under Head of Household. Turbo tax 2010 2011 There are also exceptions, described later, for a child who was born or died during the year and for a kidnapped child. Turbo tax 2010 2011 You paid more than half the cost of keeping up a home for the year. Turbo tax 2010 2011 See Keeping Up a Home , earlier, under Head of Household. Turbo tax 2010 2011 Example. Turbo tax 2010 2011 John's wife died in 2011. Turbo tax 2010 2011 John has not remarried. Turbo tax 2010 2011 During 2012 and 2013, he continued to keep up a home for himself and his child, who lives with him and for whom he can claim an exemption. Turbo tax 2010 2011 For 2011 he was entitled to file a joint return for himself and his deceased wife. Turbo tax 2010 2011 For 2012 and 2013, he can file as qualifying widower with a dependent child. Turbo tax 2010 2011 After 2013 he can file as head of household if he qualifies. Turbo tax 2010 2011 Death or birth. Turbo tax 2010 2011    You may be eligible to file as a qualifying widow(er) with dependent child if the child who qualifies you for this filing status is born or dies during the year. Turbo tax 2010 2011 You must have provided more than half of the cost of keeping up a home that was the child's main home during the entire part of the year he or she was alive. Turbo tax 2010 2011 Kidnapped child. Turbo tax 2010 2011   A child may qualify you for qualifying widow(er) with dependent child, even if the child has been kidnapped. Turbo tax 2010 2011 See Publication 501. Turbo tax 2010 2011    As mentioned earlier, this filing status is available for only 2 years following the year your spouse died. Turbo tax 2010 2011 Prev  Up  Next   Home   More Online Publications