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Arizona 140 Tax Form

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Arizona 140 Tax Form

Arizona 140 tax form 28. Arizona 140 tax form   Deducciones Misceláneas Table of Contents Qué Hay de Nuevo Introduction Useful Items - You may want to see: Deducciones Sujetas al Límite del 2%Gastos del Empleado no Reembolsados (Línea 21) Costos de la Preparación de la Declaración de Impuestos (Línea 22) Otros Gastos (Línea 23) Deducciones no Sujetas al Límite del 2%Lista de Deducciones Gastos no DeduciblesLista de Gastos no Deducibles Qué Hay de Nuevo Tarifa estándar por milla. Arizona 140 tax form  La tarifa para uso comercial de un vehículo en 2013 es 56½ centavos por milla. Arizona 140 tax form Introduction Este capítulo explica qué gastos pueden declararse como deducciones detalladas misceláneas en el Anexo A (Formulario 1040). Arizona 140 tax form Usted tendrá que reducir por el 2% de su ingreso bruto ajustado el total de la mayoría de las deducciones misceláneas detalladas. Arizona 140 tax form Este capítulo trata los siguientes temas: Deducciones sujetas al límite del 2%. Arizona 140 tax form Deducciones no sujetas al límite del 2%. Arizona 140 tax form Gastos que no se pueden deducir. Arizona 140 tax form Tiene que guardar documentación para verificar sus deducciones. Arizona 140 tax form Debe guardar sus recibos, cheques cancelados, cheques sustitutivos, estados de cuentas financieras y otros documentos comprobantes. Arizona 140 tax form Si desea obtener más información sobre el mantenimiento de documentación, obtenga la Publicación 552, Recordkeeping for Individuals (Mantenimiento de documentación para personas físicas), en inglés. Arizona 140 tax form Useful Items - You may want to see: Publicación 463 Travel, Entertainment, Gift, and Car Expenses (Gastos de viaje, entretenimiento, regalos y automóvil), en inglés 525 Taxable and Nontaxable Income (El ingreso tributable y no tributable), en inglés 529 Miscellaneous Deductions (Deducciones misceláneas), en inglés 535 Business Expenses (Gastos de negocios), en inglés 587 Business Use of Your Home (Including Use by Daycare Providers) (Uso de su domicilio para propósitos comerciales (incluyendo el uso por proveedores de cuidado infantil)), en inglés 946 How To Depreciate Property (Cómo depreciar la propiedad), en inglés Formulario (e Instrucciones) Anexo A (Formulario 1040) Itemized Deductions (Deducciones detalladas), en inglés 2106 Employee Business Expenses (Gastos de negocio del empleado), en inglés 2106-EZ Unreimbursed Employee Business Expenses (Gastos de negocio del empleado no reembolsados), en inglés Deducciones Sujetas al Límite del 2% Usted puede deducir ciertos gastos como deducciones detalladas misceláneas en el Anexo A (Formulario 1040). Arizona 140 tax form Puede deducir la parte de sus gastos que supere al 2% de su ingreso bruto ajustado. Arizona 140 tax form Se calcula la deducción en el Anexo A; restando el 2% de sus ingresos brutos ajustados del total de estos gastos. Arizona 140 tax form Su ingreso bruto ajustado es la cifra escrita en la línea 38 del Formulario 1040. Arizona 140 tax form Por lo general, se aplica el límite del 2% después de aplicar los demás límites de deducciones. Arizona 140 tax form Por ejemplo, el límite del 50% (o del 80%) sobre comidas y entretenimiento relacionados con los negocios (explicado en el capítulo 26) se aplica antes de aplicar el límite del 2%. Arizona 140 tax form Las deducciones sujetas al límite del 2% se explican aquí de acuerdo con las tres categorías en las cuales los declara en el Anexo A (Formulario 1040): Gastos del empleado no reembolsados (línea 21). Arizona 140 tax form Costos de la preparación de la declaración de impuestos (línea 22). Arizona 140 tax form Otros gastos (línea 23). Arizona 140 tax form Gastos del Empleado no Reembolsados (Línea 21) Generalmente, uno puede deducir en la línea 21 del Anexo A (Formulario 1040) los gastos del empleado no reembolsados que: Pague o en los que incurra durante el año tributario, Sean necesarios para llevar a cabo su oficio o negocio como empleado y Sean ordinarios y necesarios. Arizona 140 tax form Un gasto es “ordinario” si es común y aceptado en su oficio, negocio o profesión. Arizona 140 tax form Un gasto es necesario si es adecuado y útil para su negocio. Arizona 140 tax form Un gasto no tiene que ser obligatorio para considerarse necesario. Arizona 140 tax form A continuación se indican algunos ejemplos de gastos del empleado no reembolsados. Arizona 140 tax form Después de la lista encontrará otros ejemplos de gastos del empleado no reembolsados. Arizona 140 tax form Deudas incobrables incurridas por un empleado en la ejecución de su trabajo. Arizona 140 tax form Educación relacionada con el trabajo. Arizona 140 tax form (Vea el capítulo 27). Arizona 140 tax form Honorarios legales relacionados con su trabajo. Arizona 140 tax form Licencias y tarifas reglamentarias. Arizona 140 tax form Primas de seguro contra negligencia profesional. Arizona 140 tax form Exámenes médicos requeridos por un empleador. Arizona 140 tax form Impuestos sobre una profesión u ocupación. Arizona 140 tax form Pasaporte para un viaje de negocios. Arizona 140 tax form Suscripciones a revistas profesionales y de industria relacionadas con su trabajo. Arizona 140 tax form Viajes, transporte, entretenimiento y regalos relacionados con su trabajo. Arizona 140 tax form (Vea el capítulo 26). Arizona 140 tax form Seguro de Responsabilidad Comercial Puede deducir las primas de seguro que pagó para protegerse contra responsabilidad personal por actos ilícitos en el trabajo. Arizona 140 tax form Daños por Incumplimiento de Contrato de Empleo Si deja de cumplir con un contrato de empleo, puede deducir los daños que pague a su antiguo empleador que sean atribuibles a la paga que había recibido de ese empleador. Arizona 140 tax form Depreciación de Computadoras Puede declarar una deducción por depreciación de una computadora que usted usa en el trabajo como empleado si su uso: Es para conveniencia de su empleador y Se requiere como una condición de su empleo. Arizona 140 tax form Para obtener información acerca de las reglas y excepciones a las reglas que afectan las deducciones permitidas por una computadora en su casa, vea la Publicación 529, en inglés. Arizona 140 tax form Cuotas a Cámaras de Comercio y Asociaciones Profesionales Es posible que pueda deducir cuotas pagadas a organizaciones profesionales (como asociaciones de abogados y asociaciones médicas) y a cámaras de comercio y organizaciones parecidas, si la afiliación le ayuda a realizar los deberes de su trabajo. Arizona 140 tax form Estas organizaciones incluyen: Juntas comerciales, Asociaciones comerciales, Organizaciones cívicas o de servicios públicos, Juntas de bienes raíces y Asociaciones profesionales. Arizona 140 tax form Actividades políticas y de cabildeo. Arizona 140 tax form   Quizás no pueda deducir la parte de sus cuotas destinada a ciertas actividades políticas y de cabildeo. Arizona 140 tax form Vea Cuotas usadas para cabildeo bajo Gastos no Deducibles, más adelante. Arizona 140 tax form Gastos del Educador Si en el año 2013 usted era un educador que reunía los requisitos, usted puede deducir hasta $250 de gastos calificados que usted pagó en el año 2013 como ajuste a los ingresos brutos, en la línea 23 del Formulario 1040, en vez de una deducción detallada miscelánea. Arizona 140 tax form Si presenta el Formluario 1040A, usted podría deducir estos gastos en la línea 16. Arizona 140 tax form Si usted y su cónyuge están presentando una declaración conjunta y ambos fueron educadores calificados, la deducción máxima es $500. Arizona 140 tax form No obstante, ninguno puede deducir más de $250 como gastos calificados. Arizona 140 tax form Oficina en el Domicilio Si de manera habitual, usted usa una parte de su domicilio exclusivamente para propósitos comerciales, tal vez pueda deducir una parte de los gastos de operación y depreciación de su domicilio. Arizona 140 tax form Puede reclamar esta deducción por el uso comercial de una parte de su domicilio sólo si utiliza esa parte habitual y exclusivamente: Como el lugar principal de negocios para algún oficio o negocio, Como lugar para reunirse o recibir a sus pacientes o clientes en el transcurso normal de su oficio o negocio o En el caso de un edificio separado no conectado a su domicilio, si lo usa para fines de su oficio o negocio. Arizona 140 tax form Dicho uso comercial, habitual y exclusivo tiene que ser para conveniencia de su empleador y no sólo adecuado y útil para su propio trabajo. Arizona 140 tax form Vea la Publicación 587, en inglés, para obtener información más detallada y una hoja de trabajo. Arizona 140 tax form Gastos Relacionados con la Búsqueda de Empleo Puede deducir determinados gastos que tenga al buscar un nuevo trabajo en su profesión actual, incluso si no lo consigue. Arizona 140 tax form Pero no puede deducir estos gastos si: Busca trabajo en una nueva profesión, Hubo una pausa considerable entre el término de su último trabajo y la búsqueda de un trabajo nuevo o Busca trabajo por primera vez. Arizona 140 tax form Cuotas de agencias de colocación y empleo. Arizona 140 tax form   Puede deducir cuotas que pague a agencias de colocación y empleo que usa como parte de su búsqueda de trabajo en su profesión actual. Arizona 140 tax form Si el empleador le devuelve dinero. Arizona 140 tax form   Si, en un año posterior, su empleador le devuelve el dinero de las cuotas de agencias de empleo, usted tiene que incluir la cantidad que reciba en sus ingresos brutos hasta que llegue al total del beneficio tributario que recibió en el año anterior. Arizona 140 tax form (Vea Recuperaciones de Fondos en el capítulo 12). Arizona 140 tax form Si el empleador le paga a la agencia de empleo. Arizona 140 tax form   Si su empleador paga las cuotas directamente a la agencia de empleo y usted no es responsable de pagarlas, no puede incluirlas en sus ingresos brutos. Arizona 140 tax form Currículum vitae. Arizona 140 tax form   Puede deducir lo que gaste para preparar o enviar por correo copias de un currículum vitae a posibles empleadores siempre que busca un trabajo nuevo en su profesión actual. Arizona 140 tax form Gastos de viaje y transporte. Arizona 140 tax form   Si viaja a algún lugar y durante su estadía busca un trabajo nuevo en su profesión actual, tal vez pueda deducir los gastos de viaje de ida y vuelta al lugar. Arizona 140 tax form Puede deducir los gastos de viaje si el viaje se realizó principalmente para buscar un trabajo nuevo. Arizona 140 tax form Es importante saber qué parte del tiempo dedique a actividades personales y qué parte del tiempo dedique a buscar trabajo para determinar si el viaje se hizo principalmente por motivos personales o para buscar un trabajo nuevo. Arizona 140 tax form   Incluso si no puede deducir los gastos de viaje de ida y vuelta al lugar, puede deducir los gastos de buscar trabajo nuevo en su profesión actual que incurra mientras se encuentra en dicho lugar. Arizona 140 tax form   Puede optar por utilizar la tarifa estándar por milla para calcular los gastos de automóvil. Arizona 140 tax form La tarifa correspondiente al año 2013 para uso comercial de un vehículo es 56½ centavos por milla. Arizona 140 tax form Vea el capítulo 26 para más información. Arizona 140 tax form Licencias y Tarifas Reglamentarias Puede deducir la cantidad que pague cada año a gobiernos estatales o locales por licencias y tarifas reglamentarias para su oficio, negocio o profesión. Arizona 140 tax form Impuestos Incidentales al Trabajo Puede deducir un impuesto incidental al trabajo que una localidad le cobre a una tarifa fija por el privilegio de trabajar o realizar un negocio dentro de dicha localidad. Arizona 140 tax form Si usted es empleado, puede reclamar impuestos incidentales al trabajo sólo como deducción miscelánea sujeta al límite del 2%; no puede reclamarlos como una deducción en otro lugar de su declaración. Arizona 140 tax form Reintegro de un Pago de Asistencia Un “pago de asistencia” es aquel pago que se recibe de acuerdo con un plan del empleador para ayudar a los empleados que pierden su empleo debido a la falta de trabajo. Arizona 140 tax form Si usted reintegra un pago de asistencia de suma global que recibió y había incluido en sus ingresos en un año anterior, puede deducir dicho reintegro. Arizona 140 tax form Gastos de Investigación de un Profesor Universitario Si es profesor universitario, puede deducir los gastos de investigación, incluidos gastos de viaje y gastos en los que incurra por enseñar, dar conferencias o escribir y publicar temas relacionados directamente con su labor de enseñanza. Arizona 140 tax form Tiene que haber comenzado la investigación como parte de los deberes de enseñanza que se esperan de un profesor y sin expectativas lucrativas además del sueldo. Arizona 140 tax form No obstante, no puede deducir los costos de viajes como una forma de educación. Arizona 140 tax form Herramientas Utilizadas en su Trabajo Por lo general, puede deducir los gastos por herramientas que usa en su trabajo si éstas se desgastan y se deshace de ellas dentro de 1 año después de la fecha de compra. Arizona 140 tax form Puede depreciar el costo de las herramientas cuya vida sea mayor del año tributario. Arizona 140 tax form Para obtener más información acerca de la depreciación, vea la Publicación 946, en inglés. Arizona 140 tax form Cuotas y Gastos de Afiliación a un Sindicato Puede deducir cuotas y tarifas iniciales que pague para afiliarse a un sindicato. Arizona 140 tax form También puede deducir contribuciones destinadas a los beneficios para miembros del sindicato desempleados. Arizona 140 tax form No obstante, no puede deducir la parte de las contribuciones o aportaciones destinadas a los fondos para el pago de beneficios por enfermedad, accidente o fallecimiento. Arizona 140 tax form Asimismo, no puede deducir aportaciones a un fondo de pensiones, incluso si el sindicato le exige que realice las aportaciones. Arizona 140 tax form Tal vez no pueda deducir las cantidades que pague al sindicato si éstas están relacionadas con determinadas actividades políticas o de cabildeo. Arizona 140 tax form Vea Gastos de Cabildeo bajo Gastos no Deducibles, más adelante. Arizona 140 tax form Ropa de Trabajo y Uniformes Puede deducir el costo y mantenimiento de la ropa de trabajo si se cumplen los dos requisitos siguientes: Está obligado a usarlas como condición de empleo. Arizona 140 tax form La ropa no es adecuada para uso cotidiano. Arizona 140 tax form No es suficiente usar ropa distintiva. Arizona 140 tax form Su empleador tiene que requerir específicamente esa ropa. Arizona 140 tax form Tampoco es suficiente que, de hecho, no use su ropa de trabajo en otro lugar. Arizona 140 tax form La ropa no puede servir para reemplazar su ropa habitual. Arizona 140 tax form Algunos ejemplos de trabajadores que tal vez puedan deducir el costo y mantenimiento de la ropa de trabajo son: personas que realicen entregas, bomberos, proveedores de servicios de la salud, agentes encargados de mantener el orden público, carteros, atletas profesionales y trabajadores del transporte (aéreo, ferroviario, terrestre, etc. Arizona 140 tax form ). Arizona 140 tax form Los músicos y artistas pueden deducir el costo de la ropa y los accesorios de teatro si no son adecuados para su uso cotidiano. Arizona 140 tax form Sin embargo, la ropa de trabajo que conste de un gorro blanco, camisa blanca o chaqueta blanca, overol (de pintor) blanco y zapatos de trabajo estándar, como la que debe usar un pintor en su trabajo por exigencia de su sindicato, no es distintiva en cuanto a carácter ni a la naturaleza del uniforme. Arizona 140 tax form Igualmente, los costos de compra y mantenimiento de ropa de trabajo azul usada por un soldador a solicitud de un capataz no son deducibles. Arizona 140 tax form Ropa de protección. Arizona 140 tax form   Puede deducir el costo de la ropa de protección obligatoria en su trabajo, como zapatos o botas de seguridad, anteojos de seguridad, cascos y guantes de trabajo. Arizona 140 tax form   Algunos ejemplos de trabajadores a los que quizás se les exija usar artículos de seguridad son: carpinteros, trabajadores del cemento, trabajadores de productos químicos, electricistas, tripulación de barcos de pesca, maquinistas, trabajadores de campos petrolíferos, fontaneros, técnicos en tuberías y conductores de camiones. Arizona 140 tax form Uniformes militares. Arizona 140 tax form   Generalmente, no puede deducir el costo de uniformes si está en servicio activo a tiempo completo en las Fuerzas Armadas. Arizona 140 tax form Sin embargo, si es miembro en reserva de las Fuerzas Armadas, puede deducir el costo no reembolsado de su uniforme si los reglamentos militares exigen que su uso se limite a cuando esté en servicio como miembro en reserva. Arizona 140 tax form Al calcular la deducción, tiene que deducir del costo la asignación no gravable que reciba por estos gastos. Arizona 140 tax form   Si las reglas militares locales no le permiten que use uniformes de faena cuando no esté de servicio, puede deducir la cantidad por la cual el costo de compra y mantenimiento de estos uniformes sea superior a la asignación por uniforme que reciba. Arizona 140 tax form   Puede deducir el costo de sus uniformes si es miembro del personal o profesorado civil de una escuela militar. Arizona 140 tax form Costos de la Preparación de la Declaración de Impuestos (Línea 22) Generalmente, puede deducir los costos de la preparación de la declaración de impuestos en el año en el que los paga. Arizona 140 tax form De este modo, en la declaración de impuestos de 2013, puede deducir los costos pagados en el año 2013 por la preparación de la declaración del año 2012. Arizona 140 tax form Estos costos incluyen el costo de los programas de software de preparación de impuestos y publicaciones tributarias. Arizona 140 tax form También incluyen todo costo que haya pagado por la presentación electrónica de su declaración. Arizona 140 tax form Otros Gastos (Línea 23) Puede deducir otros gastos determinados como deducciones detalladas misceláneas sujetas al límite del 2%. Arizona 140 tax form En la línea 23 del Anexo A (Formulario 1040), puede deducir gastos que paga para: Generar o cobrar ingresos que se tienen que incluir en sus ingresos brutos, Administrar, conservar o mantener en buen estado propiedad cuya finalidad es generar un ingreso de estas características o Determinar, impugnar, pagar o solicitar un reembolso de algún impuesto. Arizona 140 tax form Puede deducir gastos que pague para los fines indicados en las secciones (1) y (2) anteriores sólo si están razonable y estrechamente relacionados con estos fines. Arizona 140 tax form Algunos de estos gastos se explican más adelante. Arizona 140 tax form Si los gastos que pague generan ingresos que sólo sean parcialmente tributables, vea Gastos de Ingresos Exentos de Impuestos más adelante, bajo Gastos no Deducibles. Arizona 140 tax form Cargos de Tasación Puede deducir cargos de tasación si los paga para calcular una pérdida por hecho fortuito o el valor justo de mercado de una propiedad donada. Arizona 140 tax form Pérdidas por Hecho Fortuito y Robo Puede deducir una pérdida por hecho fortuito o robo como una deducción detallada miscelánea sujeta al límite del 2% si utilizaba la propiedad dañada o robada para realizar servicios como empleado. Arizona 140 tax form Primero declare la pérdida en la Sección B del Formulario 4684, Casualties and Thefts (Hechos fortuitos y robos), en inglés. Arizona 140 tax form Es posible que también tenga que incluir la pérdida en el Formulario 4797, Sales of Business Property (Ventas de propiedades de negocios), también en inglés, si es que está obligado por otras razones a presentar ese formulario. Arizona 140 tax form Para calcular su deducción, sume todas las pérdidas por hecho fortuito o robo de este tipo de propiedad que se incluyan en las líneas 32 y 38b del Formulario 4684, o la línea 18a del Formulario 4797, ambos en inglés. Arizona 140 tax form Para información sobre otras pérdidas por hecho fortuito o robo, vea el capítulo 25. Arizona 140 tax form Apoyo Administrativo y Alquiler de Oficina Puede deducir gastos de oficina, (por ejemplo apoyo administrativo y alquiler), que usted incurre con respecto a sus inversiones y al cobro de los ingresos tributables generados por las mismas. Arizona 140 tax form Cargos de Tramitación por el Uso de una Tarjeta de Crédito o Débito Puede deducir el cargo administrativo que le cobra el tramitador de la tarjeta de crédito por efectuar un pago del impuesto sobre los ingresos (inclusive pagos del impuesto estimado) con tarjeta de crédito o débito. Arizona 140 tax form Dichos cargos son deducibles en el año en que se paguen. Arizona 140 tax form Depreciación de Computadora de Uso Doméstico Puede deducir la depreciación de su computadora de uso doméstico si la utiliza para generar ingresos (por ejemplo, para administrar sus inversiones que generen ingresos tributables). Arizona 140 tax form Por lo general, tiene que depreciar la computadora según el método uniforme durante el período de recuperación del Sistema Alternativo de Depreciación (ADS, por sus siglas en inglés). Arizona 140 tax form Si trabaja como empleado y también utiliza la computadora en ese trabajo, vea la Publicación 946, en inglés. Arizona 140 tax form Deducciones que le Sobran de un Caudal Hereditario Si las deducciones totales de un caudal hereditario en su año tributario anterior son superiores a su ingreso bruto de ese año, los beneficiarios que heredan la propiedad pueden deducir la cantidad que le sobró en exceso. Arizona 140 tax form No incluya las deducciones por la exención personal del caudal hereditario y las donaciones con fines benéficos al calcular las deducciones totales del caudal hereditario. Arizona 140 tax form Los beneficiarios pueden reclamar la deducción sólo para el año tributario en el que, o con el que, termina el caudal hereditario, sea el año final un año normal o un año tributario corto. Arizona 140 tax form Para obtener más información, vea Termination of Estate (Terminación de un caudal hereditario) en la Publicación 559, Survivors, Executors, and Administrators (Sobrevivientes, albaceas y administradores), en inglés. Arizona 140 tax form Cargos del Cobro de Intereses y Dividendos Puede deducir cargos que paga a un agente de bolsa, banco, fideicomisario o agente parecido por el cobro de los intereses de los bonos o dividendos de acciones tributables. Arizona 140 tax form Sin embargo, no puede deducir un cargo que pague a un agente de bolsa para comprar bienes de inversión, como acciones o bonos. Arizona 140 tax form Tiene que agregar el cargo al costo de los bienes. Arizona 140 tax form No puede deducir el cargo que pague a un agente de bolsa para vender valores. Arizona 140 tax form Puede usar el cargo sólo para calcular las pérdidas o ganancias de la venta. Arizona 140 tax form Vea las Instrucciones del Formulario 8949, para obtener información sobre cómo declarar el cargo. Arizona 140 tax form Gastos Relacionados con un Pasatiempo Por lo general, puede deducir gastos relacionados con un pasatiempo, pero sólo hasta la cantidad del ingreso generado por el mismo. Arizona 140 tax form Un pasatiempo no es un negocio porque no se realiza para obtener un beneficio económico. Arizona 140 tax form Consulte Actividad sin fines de lucro en el capítulo 12 bajo Otros Ingresos. Arizona 140 tax form Deducciones Indirectas de Entidades que Traspasan los Atributos Tributarios Las entidades que traspasan los atributos tributarios incluyen sociedades colectivas, sociedades anónimas de tipo S y fondos mutuos que no se ofrecen al público. Arizona 140 tax form Las deducciones de dichas entidades se traspasan a los socios o accionistas. Arizona 140 tax form Los socios o accionistas pueden deducir su parte de las deducciones traspasadas para gastos de inversión como deducciones detalladas misceláneas sujetas al límite del 2%. Arizona 140 tax form Ejemplo. Arizona 140 tax form Usted es miembro de un club de inversiones formado exclusivamente para invertir en valores. Arizona 140 tax form El club se considera una sociedad colectiva. Arizona 140 tax form Los ingresos de la sociedad colectiva provienen exclusivamente de dividendos, intereses y ganancias tributables procedentes de la venta de valores. Arizona 140 tax form En este caso, usted puede deducir su parte de los gastos de operación de la sociedad colectiva como deducciones detalladas misceláneas sujetas al límite del 2%. Arizona 140 tax form No obstante, si el club de inversiones tiene inversiones que generan ingresos no tributables también, no puede deducir su parte de los gastos que generan ingresos no tributables. Arizona 140 tax form Fondos mutuos de oferta pública. Arizona 140 tax form   Los fondos mutuos de oferta pública no traspasan deducciones por gastos de inversión a los accionistas. Arizona 140 tax form Un fondo mutuo es “de oferta pública” si: Se comercializa continuamente en virtud de una oferta pública, Se cotiza habitualmente en un mercado bursátil de valores establecido o Están bajo la propiedad de al menos 500 personas en todo momento durante el año tributario. Arizona 140 tax form   El fondo mutuo de oferta pública le enviará un Formulario 1099-DIV, Dividends and Distributions (Dividendos y distribuciones), en inglés, o un formulario sustitutivo, que indique la cantidad neta del ingreso de dividendos (dividendos brutos menos gastos de inversión). Arizona 140 tax form Esta cifra neta es la cantidad que declara como ingresos. Arizona 140 tax form Usted no puede también deducir los gastos de inversión incurridos por fondos mutuos de oferta pública porque ya se incluyen como parte de la cantidad neta del ingreso de dividendos. Arizona 140 tax form Declaraciones informativas. Arizona 140 tax form   Las entidades que traspasan los atributos tributarios deben enviarle declaraciones informativas. Arizona 140 tax form Sociedades colectivas y de tipo S. Arizona 140 tax form   Estas entidades generan el Anexo K-1, el cual indica los conceptos y las cantidades que tiene que declarar y también identifica los anexos y las líneas de la declaración de impuestos que se deben usar. Arizona 140 tax form Fondos mutuos que no son de oferta pública. Arizona 140 tax form   Estos fondos le enviarán un Formulario 1099-DIV, Dividends and Distributions (Dividendos y distribuciones), o un formulario sustitutivo, el cual indicará su parte de los ingresos brutos y los gastos de inversión. Arizona 140 tax form Puede declarar los gastos sólo como una deducción detallada miscelánea sujeta al límite del 2%. Arizona 140 tax form Cargos y Gastos Relacionados con la Inversión Puede deducir cargos relacionados con la inversión, custodia, administración de fideicomiso y otros gastos que pague por la administración de inversiones que generen ingresos tributables. Arizona 140 tax form Gastos Legales Por lo general, puede deducir gastos legales en los que incurra al intentar generar o cobrar ingresos tributables o que pague en conexión con la determinación, cobro o reembolso de un impuesto. Arizona 140 tax form También puede deducir gastos legales que: Estén relacionados con la realización o conservación de su trabajo, como los que pague para defenderse contra acusaciones penales que se levanten por las acciones de su oficio o negocio, Sean para asesoría tributaria relacionada con un divorcio, si la factura indica cuánto corresponde a la asesoría tributaria y se determina de una forma razonable o Sean para cobrar una pensión tributable para el cónyuge divorciado. Arizona 140 tax form Puede deducir los gastos que incurrió para resolver problemas tributarios relacionados con las pérdidas o ganancias de un negocio (Anexo C o C-EZ), alquileres o regalías (Anexo E) o gastos e ingresos agrícolas (Anexo F) en el anexo apropiado, todos en inglés. Arizona 140 tax form Debe deducir los gastos que incurrió para resolver problemas tributarios no comerciales en el Anexo A (Formulario 1040). Arizona 140 tax form Vea Costos de la Preparación de la Declaración de Impuestos , anteriormente. Arizona 140 tax form Pérdidas de Depósitos Para obtener información acerca de si puede deducir la pérdida de un depósito que usted hizo en una institución financiera que reúna los requisitos y cómo declarar la deducción si tiene derecho a ella, vea Pérdidas de Depósitos en el capítulo 25. Arizona 140 tax form Reintegros de Ingresos Si tuvo que reintegrar una cantidad que incluyó como ingresos en un año anterior, es posible que pueda deducir dicha cantidad reintegrada. Arizona 140 tax form Si la cantidad que tuvo que reintegrar era ingreso ordinario de $3,000 o menos, la deducción está sujeta al límite del 2%. Arizona 140 tax form Si fue más de $3,000, vea Reintegros por la Reclamación de un Derecho bajo Deducciones no Sujetas al Límite del 2%, más adelante. Arizona 140 tax form Reintegros de Beneficios del Seguro Social Para obtener información acerca de cómo deducir los reintegros de ciertos beneficios del Seguro Social, vea Reintegros Superiores a los Beneficios Brutos en el capítulo 11. Arizona 140 tax form Alquiler de Caja de Seguridad Puede deducir el alquiler de una caja de seguridad si la utiliza para almacenar bonos y acciones que generen ingresos tributables o documentos y papeles relacionados con inversiones. Arizona 140 tax form No puede deducir el alquiler si sólo utiliza la caja para guardar joyas, otras pertenencias personales o valores exentos de impuestos. Arizona 140 tax form Cargos Administrativos de los Planes de Reinversión de Dividendos Puede deducir los cargos administrativos que pague como abonado a un plan de reinversión de dividendos. Arizona 140 tax form Estos cargos administrativos incluyen pagos por: Poseer acciones adquiridas mediante un plan, Cobrar y reinvertir dividendos en efectivo, y Mantener documentación personal y proporcionar estados de cuenta detallados. Arizona 140 tax form Honorarios por Administración de un Fideicomiso de Arreglos IRA Los honorarios de administración de un fideicomiso que se facturen por separado y que usted pague en relación con un arreglo de ahorros para la jubilación (IRA, por sus siglas en inglés) son deducibles (si son ordinarios y necesarios) como deducción detallada miscelánea sujeta al límite del 2%. Arizona 140 tax form Para obtener más información acerca de los arreglos IRA, vea el capítulo 17. Arizona 140 tax form Deducciones no Sujetas al Límite del 2% Puede deducir los artículos indicados a continuación como deducciones detalladas misceláneas. Arizona 140 tax form No están sujetas al límite del 2%. Arizona 140 tax form Declare estos artículos en la línea 28 del Anexo A del Formulario 1040. Arizona 140 tax form Lista de Deducciones Se explica cada uno de los siguientes artículos en detalle después de la lista (excepto cuando se indica al contrario). Arizona 140 tax form Prima amortizable de bonos tributables. Arizona 140 tax form Pérdidas por hecho fortuito y robo de una propiedad que genera ingresos. Arizona 140 tax form Impuesto federal sobre la herencia atribuible a los ingresos de un difunto. Arizona 140 tax form Pérdidas de apuestas y juegos de azar hasta la cantidad de sus ganancias del juego. Arizona 140 tax form Gastos del trabajo relacionados con los impedimentos de personas con incapacidades. Arizona 140 tax form Pérdida por otras actividades anotadas en el recuadro 2 del Anexo K-1 del Formulario 1065-B. Arizona 140 tax form Pérdidas por estafas de inversiones engañosas tipo Ponzi. Arizona 140 tax form Vea, Pérdidas proveneintes de estafas de inversiones del tipo Ponzi (Ponzi schemes) , en el capítulo 25. Arizona 140 tax form Reintegros de más de $3,000 por la reclamación de un derecho. Arizona 140 tax form Inversión no recuperada en una anualidad. Arizona 140 tax form Prima Amortizable de Bonos Tributables En general, si la cantidad que paga por un bono es superior a la cantidad de capital estipulado, el excedente corresponde a la prima de los bonos. Arizona 140 tax form Puede optar por amortizar la prima de bonos tributables. Arizona 140 tax form Por lo general, la amortización de la prima compensa los ingresos de intereses sobre el bono en lugar de ser una deducción diferente. Arizona 140 tax form Parte de la prima de algunos bonos puede ser una deducción miscelánea no sujeta al límite del 2%. Arizona 140 tax form Para obtener más información, vea Amortizable Premium on Taxable Bonds (Prima amortizable de bonos tributables) en la Publicación 529 y Bond Premium Amortization (Amortización de prima de bono) en el capítulo 3 de la Publicación 550, Investment Income and Expenses (Gastos e ingresos de inversión), ambas en inglés. Arizona 140 tax form Pérdidas por Hecho Fortuito y Robo de Propiedad que Genera Ingresos Puede deducir una pérdida por hecho fortuito o robo como deducción detallada miscelánea no sujeta al límite del 2% si la propiedad dañada o robada era una propiedad que generaba ingresos (propiedad que se tiene con fines de inversión, tal como acciones, pagarés, bonos, oro, plata, terrenos sin construir y obras de arte). Arizona 140 tax form Primero, declare la pérdida en la Sección B del Formulario 4684. Arizona 140 tax form Asimismo, es posible que tenga que incluir la pérdida en el Formulario 4797, Sales of Business Property (Ventas de bienes comerciales), en inglés, si por algún otro motivo está obligado a presentar ese formulario. Arizona 140 tax form Para calcular su deducción, sume todas las pérdidas por hecho fortuito o robo de este tipo de propiedad que se incluyan en las líneas 32 y 38b del Formulario 4684, o la línea 18a del Formulario 4797. Arizona 140 tax form Para obtener más información acerca de las pérdidas por hecho fortuito y robo, consulte el capítulo 25. Arizona 140 tax form Impuesto Federal sobre la Herencia Atribuible a los Ingresos de un Difunto Puede deducir el impuesto federal sobre la herencia atribuible a los ingresos de un difunto que usted, como beneficiario, incluye en sus ingresos brutos. Arizona 140 tax form Los ingresos de un difunto son ingresos brutos que habría recibido éste si no hubiese fallecido y que no se podían incluir debidamente en la última declaración de impuestos del difunto. Arizona 140 tax form Vea la Publicación 559, en inglés, para obtener más información. Arizona 140 tax form Pérdidas de Apuestas y Juegos de Azar hasta la Cantidad de sus Ganancias de Juego Tiene que declarar la cantidad total de sus ganancias de apuestas y juegos de azar que tuvo en el año en la línea 21 del Formulario 1040. Arizona 140 tax form Debe deducir sus pérdidas de juego que tuvo en el año en la línea 28 del Anexo A del Formulario 1040. Arizona 140 tax form No puede deducir las pérdidas de apuestas y juegos de azar que sean superiores a las ganancias. Arizona 140 tax form No puede reducir las ganancias de apuestas y juegos de azar por las pérdidas de juego y declarar la diferencia. Arizona 140 tax form Tiene que declarar la cantidad total de las ganancias como ingresos, y las pérdidas (hasta la cantidad de su ganancias), como deducción detallada. Arizona 140 tax form Por consiguiente, su documentación debe mostrar las ganancias por separado de las pérdidas. Arizona 140 tax form Diario de ganancias y pérdidas. Arizona 140 tax form Tiene que mantener un diario exacto o registro parecido de sus ganancias y pérdidas provenientes de apuestas y juegos de azar. Arizona 140 tax form Su diario debe contener, como mínimo, la siguiente información: La fecha y el tipo de apuesta específica o actividad de apuestas. Arizona 140 tax form El nombre y la dirección o ubicación del establecimiento de apuestas. Arizona 140 tax form Los nombres de otras personas que lo acompañan en el establecimiento de apuestas. Arizona 140 tax form La (o las) cantidad(es) que ganó o perdió. Arizona 140 tax form Vea la Publicación 529, en inglés, para información adicional. Arizona 140 tax form Gastos de Trabajo Relacionados con un Impedimento Si tiene una incapacidad física o mental que limite su capacidad para trabajar o limite sustancialmente una o más de las actividades principales de la vida (como realizar tareas manuales, caminar, hablar, respirar, aprender y trabajar), puede deducir sus gastos de trabajo relacionados con dicho impedimento. Arizona 140 tax form Los gastos de trabajo relacionados con un impedimento son gastos ordinarios y necesarios del negocio incurridos por servicios de un asistente en su lugar de trabajo y por otros gastos relacionados con su lugar de trabajo que sean necesarios para que pueda trabajar. Arizona 140 tax form Personas que trabajan por cuenta propia. Arizona 140 tax form   Si trabaja por cuenta propia, anote los gastos de trabajo relacionados con su incapacidad en el formulario correspondiente (Anexo C, C-EZ, E o F) que utilice para declarar los ingresos y gastos de negocio. Arizona 140 tax form Pérdida por Otras Actividades Anotadas en el Recuadro 2 del Anexo K-1 del Formulario 1065-B Si la cantidad declarada en el recuadro 2 del Anexo K-1 del Formulario 1065-B es una pérdida, declárela en la línea 28 del Anexo A del Formulario 1040. Arizona 140 tax form No está sujeto a las limitaciones de actividades pasivas. Arizona 140 tax form Reintegros por la Reclamación de un Derecho Si tuvo que reintegrar más de $3,000 que incluyó en los ingresos de un año anterior porque en ese momento pensaba que tenía un derecho no restringido a dichos ingresos, tal vez pueda deducir la cantidad que pagó o solicitar que se la acrediten en sus impuestos. Arizona 140 tax form Vea Reintegros en el capítulo 12, para más información. Arizona 140 tax form Inversión no Recuperada en una Anualidad Un jubilado que haya contribuido al costo de una anualidad puede excluir de sus ingresos parte de cada pago que reciba, por ser rendimiento exento de impuestos de la inversión del jubilado. Arizona 140 tax form Si el jubilado muere antes de recuperar toda la inversión libre de impuestos, se podría deducir toda inversión no recuperada en la declaración final de impuestos del jubilado. Arizona 140 tax form Vea el capítulo 10 para obtener más información acerca del trato tributario de las pensiones y anualidades. Arizona 140 tax form Gastos no Deducibles A continuación se enumeran algunos ejemplos de gastos no deducibles. Arizona 140 tax form Luego, se explican en mayor detalle los gastos no deducibles adicionales. Arizona 140 tax form Lista de Gastos no Deducibles Comisiones de agentes bursátiles que usted pagó con respecto a su arreglo IRA u otra propiedad de inversión. Arizona 140 tax form Gastos de entierro o funeral, incluido el costo de la tumba. Arizona 140 tax form Gastos de capital. Arizona 140 tax form Cargos y licencias, como licencias de automóvil, de matrimonio y placas de identificación. Arizona 140 tax form Pérdidas relacionadas con pasatiempos; no obstante, vea Gastos Relacionados con un Pasatiempo , anteriormente. Arizona 140 tax form Reparaciones, seguro y alquiler de la vivienda. Arizona 140 tax form Sobornos y comisiones clandestinas. Arizona 140 tax form Vea Bribes and kickbacks (Sobornos y comisiones clandestinas) en el capítulo 11 de la Publicación 535, en inglés. Arizona 140 tax form Pérdidas de la venta de su vivienda, mobiliario, automóvil personal, etc. Arizona 140 tax form Primas de seguro personal por incapacidad. Arizona 140 tax form Gastos personales, de vida o familiares. Arizona 140 tax form Valor de salarios no recibidos o período de vacaciones no utilizadas. Arizona 140 tax form Gastos de Adopción No puede deducir los gastos que incurre en la adopción de un niño, pero tal vez pueda tomar un crédito para esos gastos. Arizona 140 tax form Vea el capítulo 36. Arizona 140 tax form Gastos de Campaña Electoral No puede deducir gastos que un candidato para un cargo público incurre en su campaña electoral, incluso si el candidato está postulando para la reelección a dicho cargo. Arizona 140 tax form Estos incluyen cargos de calificación e inscripción para las elecciones primarias. Arizona 140 tax form Honorarios legales. Arizona 140 tax form   No puede deducir honorarios legales que se pagan para defender cargos derivados de la participación en una campaña política. Arizona 140 tax form Cargos por Emisión de Cheques de Cuenta Personal Si tiene una cuenta corriente personal, no puede deducir cargos cobrados por el banco por el privilegio de emitir cheques, incluso si la cuenta devenga intereses. Arizona 140 tax form Cuotas de Clubes Por lo general, no puede deducir el costo de afiliación a un club organizado para fines comerciales, de placer, recreación u otro fin social. Arizona 140 tax form Esto incluye clubes de negocios, sociales, atléticos, de almuerzo, deportivos, de aerolíneas, hoteles, golf y de campo. Arizona 140 tax form No puede deducir cuotas pagadas a una organización si uno de los propósitos principales de ésta es: Realizar actividades sociales para los miembros o sus invitados u Ofrecer a los miembros o sus invitados acceso a establecimientos de actividades sociales. Arizona 140 tax form No se pueden deducir las cuotas pagadas a aerolíneas, hoteles o clubes de almuerzo. Arizona 140 tax form Gastos de Transporte entre su Domicilio y el Trabajo No puede deducir gastos de viaje de ida y vuelta al trabajo (el costo de su transporte entre su residencia y su lugar de trabajo principal o habitual). Arizona 140 tax form Si transporta herramientas, instrumentos u otros artículos en su automóvil de ida y vuelta a su trabajo, puede deducir sólo el costo adicional de transporte de dichos artículos, como el alquiler de un remolque para el transporte de los mismos. Arizona 140 tax form Multas o Sanciones No puede deducir multas o sanciones que pague a una oficina del gobierno por infringir una ley. Arizona 140 tax form Esto incluye cantidades pagadas para liquidar su responsabilidad real o posible de una multa o sanción (civil o penal). Arizona 140 tax form Las multas o sanciones incluyen multas de estacionamiento, sanciones tributarias y sanciones deducidas de su sueldo de maestro después de una huelga ilícita. Arizona 140 tax form Gastos de Balnearios No puede deducir gastos de un balneario (spa), aun si existe un requisito laboral para mantenerse en excelente condición física, como podría ser el caso de un oficial encargado del orden público. Arizona 140 tax form Sistema de Seguridad Residencial No puede deducir el costo de un sistema de seguridad residencial como una deducción miscelánea. Arizona 140 tax form Sin embargo, tal vez pueda reclamar una deducción por un sistema de seguridad residencial como gasto de negocios, si es que tiene una oficina en su casa. Arizona 140 tax form Vea Oficina en el Domicilio bajo Gastos del Empleado no Reembolsados, anteriormente, y Security System (Sistema de seguridad) bajo Deducting Expenses (Deducción de gastos) en la Publicación 587, en inglés. Arizona 140 tax form Seminarios Relacionados con Inversiones No puede deducir gastos por asistir a una convención, seminario o reunión parecida para fines de inversión. Arizona 140 tax form Primas de Seguro de Vida No puede deducir primas que pague por su propio seguro de vida. Arizona 140 tax form Tal vez pueda deducir como pensión para el cónyuge divorciado primas que pague por las pólizas de seguro de vida asignadas a su ex-cónyuge. Arizona 140 tax form Consulte el capítulo 18 para información sobre la pensión alimenticia. Arizona 140 tax form Gastos de Cabildeo Por lo general, no puede deducir cantidades pagadas o incurridas por concepto de cabildeo. Arizona 140 tax form Estos incluyen gastos para: Influenciar el proceso de legislación, Participar o intervenir en una campaña política a favor o en contra de un candidato a un cargo público, Intentar influenciar al público en general, o a un segmento del público, respecto a las elecciones, materias legislativas o referéndums o Comunicarse directamente con funcionarios del poder ejecutivo bajo protección en un intento de influenciar las acciones del funcionario o las opiniones del mismo. Arizona 140 tax form Los gastos de cabildeo también incluyen cantidades pagadas o gastos en los que ha incurrido para la investigación, preparación, planificación o coordinación de cualquiera de estas actividades. Arizona 140 tax form Cuotas usadas para cabildeo. Arizona 140 tax form   Si una organización exenta de impuestos le notifica que esa parte de las cuotas u otras cantidades que usted paga a la organización se utilizan para pagar gastos de cabildeo no deducibles, no puede deducir esa parte de las cuotas. Arizona 140 tax form Vea Lobbying Expenses (Gastos de cabildeo) en la Publicación 529, en inglés, para obtener información sobre las excepciones. Arizona 140 tax form Dinero en Efectivo o Bienes Perdidos o Extraviados No puede deducir una pérdida basada en la simple desaparición de dinero o bienes. Arizona 140 tax form Sin embargo, una pérdida o desaparición accidental de bienes puede considerarse hecho fortuito si es causada por un acontecimiento que se pueda identificar y que sea repentino, inesperado o poco común. Arizona 140 tax form Vea el capítulo 25. Arizona 140 tax form Ejemplo. Arizona 140 tax form Se cierra una puerta de su automóvil accidentalmente en su mano y rompe el engaste de su anillo de diamante. Arizona 140 tax form El diamante se cae del anillo y nunca lo pudo encontrar. Arizona 140 tax form La pérdida del diamante es un hecho fortuito. Arizona 140 tax form Almuerzos con Compañeros de Trabajo No puede deducir los gastos de almuerzos con compañeros de trabajo, excepto si viaja lejos de casa por razones comerciales. Arizona 140 tax form Vea el capítulo 26 para obtener información acerca de los gastos deducibles mientras se encuentra lejos de su domicilio. Arizona 140 tax form Comidas Cuando Trabaja Hasta Tarde No puede deducir el costo de comidas si trabaja hasta tarde. Arizona 140 tax form Sin embargo, tal vez pueda declarar una deducción si el costo de las comidas es un gasto de entretenimiento deducible o si viaja lejos de casa. Arizona 140 tax form Vea el capítulo 26 para obtener información sobre gastos de entretenimiento deducibles y gastos durante viajes lejos de su domicilio. Arizona 140 tax form Gastos por Asuntos Legales Personales No puede deducir gastos por asuntos legales personales, como aquéllos en los que se ha incurrido en los siguientes casos: Tutoría de hijos. Arizona 140 tax form Demanda por incumplimiento de promesa de matrimonio. Arizona 140 tax form Cargos civiles o penales derivados de una relación personal. Arizona 140 tax form Daños por lesiones personales, a excepción de ciertas reclamaciones por discriminación ilegal y por denuncia de actividades ilícitas en una empresa. Arizona 140 tax form Preparación de un título (o defensa o perfeccionamiento de un título). Arizona 140 tax form Preparación de un testamento. Arizona 140 tax form Reclamaciones de propiedad o liquidación de propiedad en un divorcio. Arizona 140 tax form No puede deducir estos gastos incluso si una consecuencia del proceso legal es la pérdida de propiedad que genera ingresos. Arizona 140 tax form Donaciones Políticas No puede deducir donaciones hechas a un candidato político, un comité de campaña o un fondo para publicar boletines. Arizona 140 tax form Los avisos publicitarios en programas de convenciones y entradas a cenas o programas que benefician a un partido o candidato político no son deducibles. Arizona 140 tax form Costos de Acreditación Profesional No puede deducir costos de acreditación profesional tales como: Costos de certificado de contabilidad pagados para el derecho inicial de poder practicar la contabilidad. Arizona 140 tax form Costos del examen para el ejercicio de la abogacía y gastos afines para asegurarse el ingreso inicial al colegio de abogados. Arizona 140 tax form Costos de licencias médicas y dentales para obtener la primera licencia de ejercicio de la profesión. Arizona 140 tax form Reputación Profesional No puede deducir gastos por salir en un programa de radio o televisión para aumentar su prestigio personal o establecer su reputación profesional. Arizona 140 tax form Aportaciones a un Fondo de Ayuda Económica No puede deducir aportaciones pagadas a un plan privado que pague beneficios a los empleados cubiertos que no puedan trabajar debido a una lesión o enfermedad no relacionada con el trabajo. Arizona 140 tax form Servicio Telefónico Residencial No puede deducir un cobro (incluidos impuestos) por un servicio telefónico local básico de la línea telefónica principal de su residencia, aun cuando se utilice en una ocupación o negocio. Arizona 140 tax form Reuniones de Accionistas No puede deducir gastos de transporte ni otros que paga para asistir a reuniones de accionistas de empresas en las que tiene participación accionaria, pero no de otra índole. Arizona 140 tax form No puede deducir estos gastos aunque asista a la reunión para obtener información que podría ser útil al efectuar otras inversiones. Arizona 140 tax form Gastos de Ingresos Exentos de Impuestos No puede deducir gastos que incurre para generar ingresos exentos de impuestos. Arizona 140 tax form No puede deducir intereses de una deuda en la que haya incurrido o continúa para comprar o portar valores exentos de impuestos. Arizona 140 tax form Si usted incurre gastos para generar ingresos tributables y exentos de impuestos, pero no puede identificar los gastos que generan cada tipo de ingreso, tiene que dividir los gastos según la cantidad de cada tipo de ingreso para determinar la cantidad que puede deducir. Arizona 140 tax form Ejemplo. Arizona 140 tax form Durante el año recibió intereses tributables de $4,800 e intereses exentos de impuestos de $1,200. Arizona 140 tax form Al obtener este ingreso, tuvo un total de gastos de $500 durante el año. Arizona 140 tax form No puede identificar la cantidad de cada gasto correspondiente a cada ingreso. Arizona 140 tax form Por lo tanto, el 80% ($4,800/$6,000) del gasto corresponde a los intereses tributables y el 20% ($1,200/$6,000) corresponde a los intereses exentos de impuestos. Arizona 140 tax form Puede deducir, sujeto al límite del 2%, gastos de $400 (80% de $500). Arizona 140 tax form Gastos de Viaje para Otra Persona Por lo general, no puede deducir los gastos de viaje que pague o en los que incurra para su cónyuge, dependiente, u otra persona que lo acompañe (o su empleado) en un viaje de negocios o por motivos personales, a menos que el cónyuge, el dependiente, o la otra persona sea un empleado del contribuyente; el viaje sea para un propósito comercial de buena fe (bona fide); y tales gastos serían de otra manera deducibles por el cónyuge, dependiente u otra persona. Arizona 140 tax form Vea el capítulo 26 para más información sobre gastos de viaje deducibles. Arizona 140 tax form Aportaciones Voluntarias al Fondo de Beneficios por Desempleo No puede deducir aportaciones voluntarias al fondo de beneficios por desempleo que usted realice a un fondo sindical o a un fondo privado. Arizona 140 tax form Sin embargo, puede deducir las aportaciones como impuestos si la ley estatal le exige que las haga a un fondo de desempleo del estado que le protege de la pérdida de sueldos por desempleo causado por condiciones comerciales. Arizona 140 tax form Relojes de Pulsera No puede deducir el costo de un reloj de pulsera, incluso si existe un requisito laboral que establezca que tiene que saber la hora correcta para realizar sus funciones de manera adecuada. Arizona 140 tax form Prev  Up  Next   Home   More Online Publications
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Understanding Your CP2000 Notice

The income and/or payment information we have on file doesn’t match the information you reported on your tax return. This could affect your tax return; it may cause an increase or decrease in your tax, or may not change it at all.


What you need to do

  • Read your notice carefully—it explains the information we received and how it affects your tax return.
  • Complete the notice response form whether or not you agree or disagree with the notice, the response form explains what actions to take. (Your specific notice may not have a response form. In that case, the notice will have instructions on what to do).
  • Contact the business or person reporting the information, if it is wrong. Ask them to correct it, and then provide the corrected information to us.

You may want to…


Answers to Common Questions

Why did I receive the notice?

We received information from a third party that doesn’t match the information you reported on your tax return.

Is the notice a bill?

No. It informs you about the information we’ve received and how it affects your tax.

What do I need to do?

Complete the notice response form. (Follow the notice instructions if your notice doesn’t have a response form.)

What do I do if the information is wrong or if I disagree?

The notice response form has instructions on what to do if the new information is wrong. You also may want to contact whoever reported the information and ask them to correct it.

The information is wrong because someone else is using my name and social security number. What can I do?

Call us and let us know. You also can use this link to go to our Identity theft information webpage to find out more about what you can do.

I reported the information but I reported it incorrectly. Can I call you to correct my return?

We can accept your information over the phone for incorrectly reported information as long as the mistake didn't increase or decrease your tax.

Do I need to amend my return?

If the information displayed in the CP2000 notice is correct, you don't need to amend your return unless you have additional income, credits or expenses to report. If you agree with our notice, follow the instructions to sign the response page and return it to us in the envelope provided.

If you have additional income, credits or expenses to report, you may want to complete and submit a Form 1040-X, Amended U.S. Individual Income Tax Return. You can receive help at an IRS Taxpayer Assistance Center.

I want to check a copy of my original return. I don’t have one. How can I get one?

You can get a transcript of your return on our ”Order a Transcript” webpage at irs.gov. You also can get one by completing and sending us a Form 4506-T, Request for Transcript of Tax Return.

I don’t want a transcript of my return. I want a copy. How can I get one?

Did an accountant or some other person prepare your return? You could ask them for a copy.

I can’t get a copy of my return from a tax preparer. How else can I get a copy of it?

You can get a copy of your return by completing and sending us a Form 4506, Request for Copy of Tax Return. We charge a fee for tax return requests.

How can I find an IRS Taxpayer Assistance Center?

We have centers located throughout the country. Our website has directions on how to find the center nearest to you.

Why did it take you so long to contact me about this matter?

Our computer systems match the information you report on your tax return with information reported by employers, banks, businesses, and others. This matching takes several months to complete.

The notice says my taxes will increase. Will I be charged interest on the money I owe?

Yes, interest accrues on your unpaid balance until you pay it in full.

What happens if I can’t pay the full amount I owe?

You can make a payment plan with us when you can’t pay the full amount you owe.

How can I make a payment plan?

Call us at the toll free number on the top right corner of your notice to talk about payment plans or learn more about them at this web page.


Tips for next year

You can avoid future problems by:

  • keeping accurate and full records
  • waiting until you get all of your income statements before filing your tax return
  • checking the records you get from your employer, mortgage company, bank, or other sources of income (W-2s, 1098s, 1099s, etc.) to make sure they're correct
  • including all your income on your tax return
  • following the instructions on how to report income, expenses and deductions
  • filing an amended tax return for any information you receive after you’ve filed your return

Consider filing your taxes electronically. Filing online can help you avoid mistakes and find credits and deductions you may qualify for. In many cases, you can file for free. Learn more about how to file electronically here.

Page Last Reviewed or Updated: 28-Feb-2014

The Arizona 140 Tax Form

Arizona 140 tax form Publication 908 - Main Content Table of Contents Bankruptcy Code Tax Compliance RequirementsTax Returns Due for Periods Ending Before the Bankruptcy Filing in Chapter 13 Cases Tax Returns Due After the Bankruptcy Filing Individuals in Chapter 12 or 13 Individuals in Chapter 7 or 11Debtor's Election To End Tax Year – Form 1040 Taxes and the Bankruptcy Estate Bankruptcy Estate – Income, Deductions, and Credits Tax Reporting – Chapter 11 Cases Bankruptcy Estate Tax Return Filing Requirements and Payment of Tax Due Tax Return Example – Form 1041 Partnerships and CorporationsFiling Requirements Partnerships Corporations Receiverships Determination of TaxPrompt Determination Requests Court Jurisdiction Over Tax MattersBankruptcy Court Tax Court Federal Tax ClaimsUnsecured Tax Claims Discharge of Unpaid Tax Debt CancellationExclusions Reduction of Tax Attributes Partnerships Corporations Tax Attribute Reduction Example How To Get Tax HelpTaxpayer Advocacy Panel (TAP). Arizona 140 tax form Low Income Taxpayer Clinics (LITCs). Arizona 140 tax form Bankruptcy Code Tax Compliance Requirements Tax Returns Due for Periods Ending Before the Bankruptcy Filing in Chapter 13 Cases The Bankruptcy Code requires chapter 13 debtors to file all required tax returns for tax periods ending within 4 years of the debtor's bankruptcy filing. Arizona 140 tax form All such federal tax returns must be filed with the IRS before the date first set for the first meeting of creditors. Arizona 140 tax form The debtor may request the trustee to hold the meeting open for an additional 120 days to enable the debtor to file the returns (or until the day the returns are due under an automatic IRS extension, if later). Arizona 140 tax form After notice and hearing, the bankruptcy court may extend the period for another 30 days. Arizona 140 tax form Failure to timely file the returns can prevent confirmation of a chapter 13 plan and result in either dismissal of the chapter 13 case or conversion to a chapter 7 case. Arizona 140 tax form Note. Arizona 140 tax form Individual debtors should use their home address when filing Form 1040 with the IRS. Arizona 140 tax form Returns should not be filed “in care of” the trustee's address. Arizona 140 tax form Ordering tax transcripts and copies of returns. Arizona 140 tax form   Trustees may require the debtor to submit copies or transcripts of the debtor's returns as proof of filing. Arizona 140 tax form The debtor can request free transcripts of the debtor's income tax returns by filing Form 4506-T, Request for Transcript of Tax Return, with the IRS or by placing a request on the IRS's free Automated Delivery Service (ADS), available by calling 1-800-829-1040. Arizona 140 tax form If requested through ADS, the transcript will be mailed to the debtor's most current address according to the IRS's records. Arizona 140 tax form Transcripts requested using Form 4506-T may be mailed to any address, including to the attention of the trustee in the debtor's bankruptcy case. Arizona 140 tax form Transcripts are normally mailed within 10 to 15 days of receipt of the request by the IRS. Arizona 140 tax form A transcript contains most of the information on the debtor's filed return, but it is not a copy of the return. Arizona 140 tax form To request a copy of the debtor's filed return, file Form 4506, Request for Copy of Tax Return. Arizona 140 tax form It may take up to 60 days for the IRS to provide the copies after receipt of the debtor's request, and there is a fee of $57. Arizona 140 tax form 00 per tax return for copies of the returns. Arizona 140 tax form Tax Returns Due After the Bankruptcy Filing For debtors filing bankruptcy under all chapters (chapters 7, 11, 12, or 13), the Bankruptcy Code provides that if the debtor does not file a tax return that becomes due after the commencement of the bankruptcy case, or obtain an extension for filing the return before the due date, the taxing authority may request that the bankruptcy court either dismiss the case or convert the case to a case under another chapter of the Bankruptcy Code. Arizona 140 tax form If the debtor does not file the required return or obtain an extension within 90 days after the request is made, the bankruptcy court must dismiss or convert the case. Arizona 140 tax form Tax returns and payment of taxes in chapter 11 cases. Arizona 140 tax form   The Bankruptcy Code provides that a chapter 11 debtor's failure to timely file tax returns and pay taxes owed after the date of the “order for relief” (the bankruptcy petition date in voluntary cases) is cause for dismissal of the chapter 11 case, conversion to a chapter 7 case, or appointment of a chapter 11 trustee. Arizona 140 tax form Disclosure of debtor's return information to trustee. Arizona 140 tax form   In bankruptcy cases filed under chapter 7 or 11 by individuals, the debtor's income tax returns for the year the bankruptcy case begins and for earlier years are, upon written request, open to inspection by or disclosure to the trustee. Arizona 140 tax form If the bankruptcy case was not voluntary, disclosure cannot be made before the bankruptcy court has entered an order for relief, unless the court rules that the disclosure is needed for determining whether relief should be ordered. Arizona 140 tax form    In bankruptcy cases other than those of individuals filing under chapter 7 or 11, the debtor's income tax returns for the current and prior years are, upon written request, open to inspection by or disclosure to the trustee, but only if the IRS finds that the trustee has a material interest that will be affected by information on the return. Arizona 140 tax form Material interest is generally defined as a financial or monetary interest. Arizona 140 tax form Material interest is not limited to the trustee's responsibility to file a return on behalf of the bankruptcy estate. Arizona 140 tax form   However, the U. Arizona 140 tax form S. Arizona 140 tax form Trustee (an officer of the Department of Justice, responsible for maintaining and supervising a panel of private trustees for chapter 7 bankruptcy cases) and the standing chapter 13 trustee (the administrator of chapter 13 cases in a specific geographic region) generally do not have a material interest in the debtor’s return or return information. Arizona 140 tax form Disclosure of bankruptcy estate's return information to debtor. Arizona 140 tax form    The bankruptcy estate's tax return(s) are open, upon written request, to inspection by or disclosure to the individual debtor in a chapter 7 or 11 bankruptcy. Arizona 140 tax form Disclosure of the estate's return to the debtor may be necessary to enable the debtor to determine the amount and nature of the tax attributes, if any, that the debtor assumes when the bankruptcy estate terminates. Arizona 140 tax form Individuals in Chapter 12 or 13 Only individuals may file a chapter 13 bankruptcy. Arizona 140 tax form Chapter 13 relief is not available to corporations or partnerships. Arizona 140 tax form The bankruptcy estate is not treated as a separate entity for tax purposes when an individual files a petition under chapter 12 (Adjustment of Debts of a Family Farmer or Fisherman with Regular Annual Income) or 13 (Adjustment of Debts of an Individual with Regular Income) of the Bankruptcy Code. Arizona 140 tax form In these cases the individual continues to file the same federal income tax returns that were filed prior to the bankruptcy petition, Form 1040, U. Arizona 140 tax form S. Arizona 140 tax form Individual Income Tax Return. Arizona 140 tax form On the debtor's individual tax return, Form 1040, report all income received during the entire year and deduct all allowable expenses. Arizona 140 tax form Do not include in income the amount from any debt canceled due to the debtor's bankruptcy. Arizona 140 tax form To the extent the debtor has any losses, credits, or basis in property that were previously reduced as a result of canceled debt, these reductions must be included on the debtor's return. Arizona 140 tax form See Debt Cancellation, later. Arizona 140 tax form Interest on trust accounts in chapter 13 cases. Arizona 140 tax form   In chapter 13 proceedings, do not include interest earned on amounts held by the trustee in trust accounts as income on the debtor's return. Arizona 140 tax form This interest is not available to either the debtor or creditors, it is available only to the trustee for use by the U. Arizona 140 tax form S. Arizona 140 tax form Trustee system. Arizona 140 tax form The interest is also not taxable to the trustee as income. Arizona 140 tax form Individuals in Chapter 7 or 11 When an individual debtor files for bankruptcy under chapter 7 or 11 of the Bankruptcy Code, the bankruptcy estate is treated as a new taxable entity, separate from the individual taxpayer. Arizona 140 tax form The bankruptcy estate in a chapter 7 case is represented by a trustee. Arizona 140 tax form The trustee is appointed to administer the estate and liquidate any nonexempt assets. Arizona 140 tax form In chapter 11 cases, the debtor often remains in control of the assets as a “debtor-in-possession” and acts as the bankruptcy trustee. Arizona 140 tax form However, the bankruptcy court, for cause, may appoint a trustee if such appointment is in the best interests of the creditors and the estate. Arizona 140 tax form During the chapter 7 or 11 bankruptcy, the debtor continues to file an individual tax return on Form 1040. Arizona 140 tax form The bankruptcy trustee files a Form 1041 for the bankruptcy estate. Arizona 140 tax form However, when a debtor in a chapter 11 bankruptcy case remains a debtor-in-possession, he or she must file both a Form 1040 individual return and a Form 1041 estate return for the bankruptcy estate (if return filing requirements are met). Arizona 140 tax form Although a husband and wife may file a joint bankruptcy petition whose bankruptcy estates are jointly administered, the estates are be treated as two separate entities for tax purposes. Arizona 140 tax form Two separate bankruptcy estate income tax returns must be filed (if each spouse separately meets the filing requirements). Arizona 140 tax form For information about determining the tax due and paying tax for a chapter 7 or 11 bankruptcy estate, see Bankruptcy Estate Tax Return Filing Requirements and Payment of Tax Due, later. Arizona 140 tax form Debtor's Election To End Tax Year – Form 1040 Short tax years. Arizona 140 tax form   An individual debtor in a chapter 7 or 11 case may elect to close the debtor's tax year for the year in which the bankruptcy petition is filed, as of the day before the date on which the bankruptcy case commences. Arizona 140 tax form If the debtor makes this election, the debtor's tax year is divided into 2 short tax years of less than 12 months each. Arizona 140 tax form The first tax year ends on the day before the commencement date and the second tax year begins on the commencement date. Arizona 140 tax form   If the election is made, the debtor's federal income tax liability for the first short tax year becomes an allowable claim against the bankruptcy estate arising before the bankruptcy filing. Arizona 140 tax form Also, the tax liability for the first short tax year is not subject to discharge under the Bankruptcy Code. Arizona 140 tax form    If the debtor does not make an election to end the tax year, the commencement of the bankruptcy case does not affect the debtor's tax year. Arizona 140 tax form Also, no part of the debtor's income tax liability for the year in which the bankruptcy case commences can be collected from the bankruptcy estate. Arizona 140 tax form Note. Arizona 140 tax form The debtor cannot make a short tax year election if no assets, other than exempt property, are in the bankruptcy estate. Arizona 140 tax form Making the Election - Filing Requirements First short tax year. Arizona 140 tax form   The debtor can elect to end the debtor's tax year by filing a return on Form 1040 for the first short tax year. Arizona 140 tax form The return must be filed on or before the 15th day of the fourth full month after the end of that first tax year. Arizona 140 tax form Second short tax year. Arizona 140 tax form   If the debtor elects to end the tax year on the day before filing the bankruptcy case, the debtor must file the return for the first short tax year in the manner discussed above. Arizona 140 tax form   If the debtor makes this election, the debtor must also file a separate Form 1040 for the second short tax year by the regular due date. Arizona 140 tax form To avoid delays in processing the return, write “Second Short Year Return After Section 1398 Election” at the top of the return. Arizona 140 tax form Example. Arizona 140 tax form Jane Doe, an individual calendar year taxpayer, filed a bankruptcy petition under chapter 7 or 11 on May 8, 2012. Arizona 140 tax form If Jane elected to close her tax year at the commencement of her case, Jane's first short year for 2012 runs from January 1 through May 7, 2012. Arizona 140 tax form Jane's second short year runs from May 8, 2012, through December 31, 2012. Arizona 140 tax form To have a timely filed election for the first short year, Jane must file Form 1040 (or an extension of time to file) for the period January 1 through May 7 by September 15. Arizona 140 tax form To avoid delays in processing the return, write “Section 1398 Election” at the top of the return. Arizona 140 tax form The debtor may also make the election by attaching a statement to Form 4868, Automatic Extension of Time to File an U. Arizona 140 tax form S. Arizona 140 tax form Individual Tax Return. Arizona 140 tax form The statement must state that the debtor elects under IRC section 1398(d)(2) to close the debtor's tax year on the day before filing the bankruptcy case. Arizona 140 tax form The debtor must file Form 4868 by the due date of the return for the first short tax year. Arizona 140 tax form The debtor's spouse may also elect to close his or her tax year, see Election by debtor's spouse, below. Arizona 140 tax form Election by debtor's spouse. Arizona 140 tax form   If the debtor is married, the debtor's spouse may join in the election to end the tax year. Arizona 140 tax form If the debtor and spouse make a joint election, the debtor must file a joint return for the first short tax year. Arizona 140 tax form The debtor must elect by the due date for filing the return for the first short tax year. Arizona 140 tax form Once the election is made, it cannot be revoked for the first short tax year. Arizona 140 tax form However, the election does not prevent the debtor and the spouse from filing separate returns for the second short tax year. Arizona 140 tax form Later bankruptcy of spouse. Arizona 140 tax form    If the debtor's spouse files for bankruptcy later in the same year, he or she may also choose to end his or her tax year, regardless of whether he or she joined in the election to end the debtor's tax year. Arizona 140 tax form   As each spouse has a separate bankruptcy, one or both of them may have 3 short tax years in the same calendar year. Arizona 140 tax form If the debtor's spouse joined the debtor's election or if the debtor had not made the election to end the tax year, the debtor can join in the spouse's election. Arizona 140 tax form However, if the debtor made an election and the spouse did not join that election, the debtor cannot then join the spouse's later election. Arizona 140 tax form The debtor and the spouse are precluded from this election because they have different tax years. Arizona 140 tax form This results because the debtor does not have a tax year ending the day before the spouse's filing for bankruptcy, and the debtor cannot file a joint return for a year ending on the day before the spouse's filing of bankruptcy. Arizona 140 tax form Example 1. Arizona 140 tax form Paul and Mary Harris are calendar-year taxpayers. Arizona 140 tax form Paul's voluntary chapter 7 bankruptcy case begins on March 4. Arizona 140 tax form If Paul does not make an election, his tax year does not end on March 3. Arizona 140 tax form If he makes an election, Paul's first tax year is January 1–March 3, and his second tax year begins on March 4. Arizona 140 tax form Mary could join in Paul's election as long as they file a joint return for the tax year January 1–March 3. Arizona 140 tax form They must make the election by July 15, the due date for filing the joint return. Arizona 140 tax form Example 2. Arizona 140 tax form Fred and Ethel Barnes are calendar-year taxpayers. Arizona 140 tax form Fred's voluntary chapter 7 bankruptcy case begins on May 6, and Ethel's bankruptcy case begins on November 1 of the same year. Arizona 140 tax form Ethel could elect to end her tax year on October 31. Arizona 140 tax form If Fred did not elect to end his tax year on May 5, or if he elected to do so but Ethel had not joined in his election, Ethel would have 2 tax years in the same calendar year if she decided to close her tax year. Arizona 140 tax form Her first tax year is January 1–October 31, and her second year is November 1–December 31. Arizona 140 tax form If Fred did not end his tax year as of May 5, he could join in Ethel's election to close her tax year on October 31, but only if they file a joint return for the tax year January 1–October 31. Arizona 140 tax form If Fred elected to end his tax year on May 5, but Ethel did not join in Fred's election, Fred cannot join in Ethel's election to end her tax year on October 31. Arizona 140 tax form Fred and Ethel cannot file a joint return for that short tax year because their tax years preceding October 31 were not the same. Arizona 140 tax form Example 3. Arizona 140 tax form Jack and Karen Thomas are calendar-year taxpayers. Arizona 140 tax form Karen's voluntary chapter 7 bankruptcy case began on April 10, and Jack's voluntary chapter 7 bankruptcy case began on October 3 of the same year. Arizona 140 tax form Karen elected to close her tax year on April 9 and Jack joins in Karen's election. Arizona 140 tax form Under these facts, Jack would have 3 tax years for the same calendar year if he makes the election relating to his own bankruptcy case. Arizona 140 tax form The first tax year would be January 1–April 9; the second, April 10–October 2; and the third, October 3–December 31. Arizona 140 tax form Karen may join in Jack's election if they file a joint return for the second short tax year (April 10–October 2). Arizona 140 tax form If Karen does join in, she would have the same 3 short tax years as Jack. Arizona 140 tax form Also, if Karen joins in Jack's election, they may file a joint return for the third tax year (October 3–December 31), but they are not required to do so. Arizona 140 tax form Annualizing taxable income. Arizona 140 tax form   If the debtor elects to close the tax year, the debtor must annualize taxable income for each short tax year in the same manner a change in annual accounting period is calculated. Arizona 140 tax form See Short Tax Year in Publication 538, for information on how to annualize the debtor's income and to figure the tax for the short tax year. Arizona 140 tax form Dismissal of bankruptcy case. Arizona 140 tax form   If the bankruptcy court later dismisses an individual chapter 7 or 11 case, the bankruptcy estate is no longer treated as a separate taxable entity. Arizona 140 tax form It is as if no bankruptcy estate was created for tax purposes. Arizona 140 tax form In this situation, the debtor must file amended tax returns on Form 1040X, to replace all full or short year individual returns (Form 1040) and bankruptcy estate returns (Form 1041) filed as a result of the bankruptcy case. Arizona 140 tax form Income, deductions, and credits previously reported by the bankruptcy estate must be reported on the debtor's amended returns. Arizona 140 tax form Attach a statement to the amended returns explaining why the debtor is filing an amended return. Arizona 140 tax form Taxes and the Bankruptcy Estate Property of the bankruptcy estate. Arizona 140 tax form   At the commencement of a bankruptcy case a bankruptcy estate is created. Arizona 140 tax form Bankruptcy law determines which of the debtor's assets become part of a bankruptcy estate. Arizona 140 tax form This estate generally includes all of the debtor's legal and equitable interests in property as of the commencement date. Arizona 140 tax form However, there are exceptions and certain property is exempted or excluded from the bankruptcy estate. Arizona 140 tax form Note. Arizona 140 tax form Exempt property and abandoned property are initially part of the bankruptcy estate, but are subsequently removed from the estate. Arizona 140 tax form Excluded property is never included in the estate. Arizona 140 tax form Transfer of assets between debtor and bankruptcy estate. Arizona 140 tax form   The transfer (other than by sale or exchange) of an asset from the debtor to the bankruptcy estate is not treated as a disposition for income tax purposes. Arizona 140 tax form The transfer does not result in gain or loss, acceleration of income or deductions, or recapture of deductions or credits. Arizona 140 tax form For example, the transfer of an installment obligation to the estate would not accelerate gain under the rules for reporting installment sales. Arizona 140 tax form The estate assumes the same basis, holding period, and character of the transferred assets. Arizona 140 tax form Also, the estate generally accounts for the transferred assets in the same manner as debtor. Arizona 140 tax form   When the bankruptcy estate is terminated or dissolved, any resulting transfer (other than by sale or exchange) of the estate's assets back to the debtor is also not treated as a disposition for tax purposes. Arizona 140 tax form The transfer does not result in gain or loss, acceleration of income or deductions, or recapture of deductions or credits to the estate. Arizona 140 tax form Abandoned property. Arizona 140 tax form    The abandonment of property by the estate to the debtor is a nontaxable disposition of property. Arizona 140 tax form If the debtor received abandoned property from the bankruptcy estate, the debtor assumes the same basis in the property that the bankruptcy estate had. Arizona 140 tax form Separate taxable entity. Arizona 140 tax form   When an individual files a bankruptcy petition under chapter 7 or 11, the bankruptcy estate is treated as a separate taxable entity from the debtor. Arizona 140 tax form The court appointed trustee or the debtor-in-possession is responsible for preparing and filing all of the bankruptcy estate's tax returns, including its income tax return on Form 1041, U. Arizona 140 tax form S. Arizona 140 tax form Income Tax Return for Estates and Trusts, and paying its taxes. Arizona 140 tax form The debtor remains responsible for filing his or her own returns on Form 1040, U. Arizona 140 tax form S. Arizona 140 tax form Individual Income Tax Return, and paying taxes on income that does not belong to the estate. Arizona 140 tax form Employer identification number. Arizona 140 tax form   The trustee or debtor-in-possession must obtain an EIN for a bankruptcy estate. Arizona 140 tax form The trustee or debtor-in-possession uses this EIN on all tax returns filed for the bankruptcy estate with the IRS, including estimated tax returns. Arizona 140 tax form See Employer identification number, under Bankruptcy Estate Tax Return Filing Requirements and Payment of Tax Due, later. Arizona 140 tax form    The social security number of the individual debtor cannot be used as the EIN for the bankruptcy estate. Arizona 140 tax form Income, deductions, and credits – Form 1040. Arizona 140 tax form   In an individual chapter 7 or 11 bankruptcy case, do not include the income, deductions, and credits that belong to the bankruptcy estate on the debtor's individual income tax return (Form 1040). Arizona 140 tax form Also, do not include as income on the debtor's return the amount of any debt canceled by reason of the bankruptcy discharge. Arizona 140 tax form The bankruptcy estate must reduce certain losses, credits, and the basis in property (to the extent of these items) by the amount of canceled debt. Arizona 140 tax form See Debt Cancellation, below. Arizona 140 tax form Note. Arizona 140 tax form The debtor may not be able to claim certain deductions available to the bankruptcy estate such as administrative expenses. Arizona 140 tax form Additionally, the bankruptcy exclusion cannot be used to exclude income from a cancelled debt if the discharge of indebtedness was not within the bankruptcy case, even though the debtor was under the bankruptcy court's protection at the time. Arizona 140 tax form However, other exclusions, such as the insolvency exclusion, may apply. Arizona 140 tax form Bankruptcy Estate – Income, Deductions, and Credits Bankruptcy Estate Income Income of the estate in individual chapter 7 cases. Arizona 140 tax form    The gross income of the bankruptcy estate includes gross income of the debtor to which the estate is entitled under the Bankruptcy Code. Arizona 140 tax form Gross income also includes income generated by the bankruptcy estate from property of the estate after the commencement of the case. Arizona 140 tax form   Gross income of the bankruptcy estate does not include amounts received or accrued by the debtor before the commencement of the case. Arizona 140 tax form Additionally, in chapter 7 cases, gross income of the bankruptcy estate does not include any income that the debtor earns after the date of the bankruptcy petition. Arizona 140 tax form Income of the estate in individual chapter 11 cases. Arizona 140 tax form    In chapter 11 cases, under IRC section 1398(e)(1), gross income of the bankruptcy estate includes income that the debtor earns for services performed after the bankruptcy petition date. Arizona 140 tax form Also, earnings from services performed by an individual debtor after the commencement of the chapter 11 case are property of the bankruptcy estate under section 1115 of the Bankruptcy Code (11 U. Arizona 140 tax form S. Arizona 140 tax form C. Arizona 140 tax form section 1115). Arizona 140 tax form Note. Arizona 140 tax form A debtor-in-possession may be compensated by the estate for managing or operating a trade or business that the debtor conducted before the commencement of the bankruptcy case. Arizona 140 tax form Such payments should be reported by the debtor as miscellaneous income on his or her individual income tax return (Form 1040). Arizona 140 tax form Amounts paid by the estate to the debtor-in-possession for managing or operating the trade or business may qualify as administrative expenses of the estate. Arizona 140 tax form See Administrative expenses, below. Arizona 140 tax form Conversion or dismissal of chapter 11 cases. Arizona 140 tax form   If a chapter 11 case is converted to a chapter 13 case, the chapter 13 estate is not a separate taxable entity and earnings from post-conversion services and income from property of the estate realized after the conversion to chapter 13 are taxed to the debtor. Arizona 140 tax form If the chapter 11 case is converted to a chapter 7 case, 11 U. Arizona 140 tax form S. Arizona 140 tax form C. Arizona 140 tax form section 1115 does not apply after conversion and: Earnings from post-conversion services will be taxed to the debtor, rather than the estate, and The property of the chapter 11 estate will become property of the chapter 7 estate. Arizona 140 tax form Any income on this property will be taxed to the estate even if the income is realized after the conversion to chapter 7. Arizona 140 tax form If a chapter 11 case is dismissed, the debtor is treated as if the bankruptcy case had never been filed and as if no bankruptcy estate had been created. Arizona 140 tax form Bankruptcy Estate Deductions and Credits A bankruptcy estate deducts expenses incurred in a trade, business, or activity, and uses credits in the same way the debtor would have deducted or credited them had he or she continued operations. Arizona 140 tax form Note. Arizona 140 tax form Expenses may be disallowed under other provisions of the IRC (such as the disallowance of certain capital expenditures or expenses relating to tax-exempt interest). Arizona 140 tax form Administrative expenses. Arizona 140 tax form   Allowable expenses include administrative expenses. Arizona 140 tax form    Administrative expenses can only be deducted by the estate, never by the debtor. Arizona 140 tax form   The bankruptcy estate is allowed deductions for bankruptcy administrative expenses and fees, including accounting fees, attorney fees, and court costs. Arizona 140 tax form These expenses are deductible on Form 1040, Schedule A as miscellaneous itemized deductions not subject to the 2% floor on miscellaneous itemized deductions, because they would not have been incurred if property had not been held by the bankruptcy estate. Arizona 140 tax form See IRC section 67(e). Arizona 140 tax form Administrative expenses of the bankruptcy estate attributable to conducting a trade or business for the production of estate rents or royalties are deductible in arriving at adjusted gross income on Form 1040, Schedules C, E, and F. Arizona 140 tax form Note. Arizona 140 tax form The bankruptcy estate uses Form 1041 as a transmittal for the tax return prepared using Form 1040 and its schedules. Arizona 140 tax form See Transmittal for Form 1040 under Tax Return Filing Requirements and Payment of Tax, later. Arizona 140 tax form Administrative expense loss. Arizona 140 tax form   If the administrative expenses of the bankruptcy estate are more than its gross income for a tax year, the excess amount may be carried back 3 years and forward 7 years. Arizona 140 tax form The amounts can only be carried to a tax year of the estate and never to a debtor's tax year. Arizona 140 tax form The excess amount to be carried back or forward is treated like a net operating loss (NOL) and must first be carried back to the earliest year possible. Arizona 140 tax form For a discussion of NOLs, see Publication 536. Arizona 140 tax form Attribute carryovers. Arizona 140 tax form   The bankruptcy estate may use its tax attributes the same way that the debtor would have used them. Arizona 140 tax form These items are determined as of the first day of the debtor's tax year in which the bankruptcy case begins. Arizona 140 tax form The bankruptcy estate assumes the following tax attributes from the debtor: NOL carryovers, Carryovers of excess charitable contributions, Recovery of tax benefit items, Credit carryovers, Capital loss carryovers, Basis, holding period, and character of assets, Method of accounting, Passive activity loss and credit carryovers, Unused at-risk deductions, and Other tax attributes provided in the regulations. Arizona 140 tax form   Certain tax attributes of the bankruptcy estate must be reduced by the amount of income that was previously excluded as a result of cancellation of debt during the bankruptcy proceeding. Arizona 140 tax form See Debt Cancellation, later. Arizona 140 tax form   When the bankruptcy estate is terminated (for example, when the case ends), the debtor assumes any remaining tax attributes previously taken over by the bankruptcy estate. Arizona 140 tax form The debtor also generally assumes any of the tax attributes, listed above, that arose during the administration of the bankruptcy estate. Arizona 140 tax form Note. Arizona 140 tax form The debtor does not assume the bankruptcy estate's administrative expense losses because they cannot be used by an individual taxpayer filing Form 1040. Arizona 140 tax form See Administrative expense loss, above. Arizona 140 tax form Passive and at-risk activities. Arizona 140 tax form   For bankruptcy cases beginning after November 8, 1992, passive activity carryover losses and credits and unused at-risk deductions are treated as tax attributes passing from the debtor to the bankruptcy estate, which the estate then passes back to the debtor when the bankruptcy estate terminates. Arizona 140 tax form Additionally, transfers to the debtor (other than by sale or exchange) of interests in passive or at-risk activities are treated as non-taxable exchanges. Arizona 140 tax form These transfers include the return of exempt property and abandonment of estate property to the debtor. Arizona 140 tax form Carrybacks from the debtor's activities. Arizona 140 tax form   The debtor cannot carry back any NOL or credit carryback from a tax year ending after the bankruptcy case has begun to any tax year ending before the case began. Arizona 140 tax form Carrybacks from the bankruptcy estate. Arizona 140 tax form   If the bankruptcy estate has an NOL that did not pass to the estate from the debtor under the attribute carryover rules, the estate can carry the loss back not only to its own earlier tax years but also to the debtor's tax years before the year the bankruptcy case began. Arizona 140 tax form The estate may also carry back excess credits, such as the general business credit, to the pre-bankruptcy tax years. Arizona 140 tax form Tax Reporting – Chapter 11 Cases Allocation of income and credits on information returns and required statement for returns for individual chapter 11 cases. Arizona 140 tax form    In chapter 11 cases, when an employer issues a Form W-2 reporting all of the debtor's wages, salary, or other compensation for a calendar year, and a portion of the earnings represent post-petition services includible in the estate's gross income, the Form W-2 amounts must be allocated between the estate and the debtor. Arizona 140 tax form The debtor-in-possession or trustee must allocate the income amount reported in box 1 and the income tax withheld reported in box 2 between the debtor and the estate. Arizona 140 tax form These allocations must reflect that the debtor's gross earnings from post-petition services and gross income from post-petition property are, generally, includible in the estate's gross income and not the debtor's gross income. Arizona 140 tax form The debtor and trustee may use a simple percentage method to allocate income and income tax withheld. Arizona 140 tax form The same method must be used to allocate the income and the withheld tax. Arizona 140 tax form Example. Arizona 140 tax form If 20% of the wages reported on Form W-2 for a calendar year were earned after the commencement of the case and are included in the estate's gross income, 20% of the withheld income tax reported on Form W-2 must also be claimed as a credit on the estate's income tax return. Arizona 140 tax form Likewise, 80% of wages must be reported by the debtor and 80% of the income tax withheld must be claimed as a credit on the debtor's income tax return. Arizona 140 tax form See IRC section 31(a). Arizona 140 tax form   If information returns are issued to the debtor for gross income, gross proceeds, or other reportable payments that should have been reported to the bankruptcy estate, the debtor-in-possession or trustee must allocate the improperly reported income in a reasonable manner between the debtor and the estate. Arizona 140 tax form In general, the allocation must ensure that any income and income tax withheld attributable to the post-petition period is reported on the estate's return, and any income and income tax withheld attributable to the pre-petition period is reported on the debtor's return. Arizona 140 tax form    IRS Notice 2006-83 requires the debtor to attach a statement to his or her individual income tax return (Form 1040) stating that the return is filed subject to a chapter 11 bankruptcy case. Arizona 140 tax form The statement must also: Show the allocations of income and income tax withheld, Describe the method used to allocate income and income tax withheld, and List the filing date of the bankruptcy case, the bankruptcy court in which the case is pending, the bankruptcy court case number, and the bankruptcy estate's EIN. Arizona 140 tax form Note. Arizona 140 tax form The debtor-in-possession or trustee must attach a similar statement to the bankruptcy estate's income tax return (Form 1041). Arizona 140 tax form   The model Notice 2006-83 Statement, shown above, may be used by debtors, debtors-in-possession, and trustees to satisfy the reporting requirement. Arizona 140 tax form Self-employment taxes in individual chapter 11 cases. Arizona 140 tax form   IRC section 1401 imposes a tax upon the self-employment income, that is, the net earnings from self-employment of an individual. Arizona 140 tax form Net earnings from self-employment are equal to the gross income derived by an individual from any trade or business carried on by such individual, less deductions attributable to the business. Arizona 140 tax form   Neither section 1115 of the Bankruptcy Code nor IRC section 1398 addresses the application of self-employment tax to the post-petition earnings of the individual debtor. Arizona 140 tax form Therefore, if the debtor continues to derive gross income from the performance of services as a self-employed individual after the commencement of the bankruptcy case, the debtor must continue to report the debtor's self-employment income on Schedule SE (Form 1040) of the debtor's income tax return. Arizona 140 tax form This schedule includes self-employment income earned post-petition and the attributable deductions. Arizona 140 tax form The debtor must pay any self-employment tax imposed by IRC section 1401. Arizona 140 tax form Employment taxes and employer's obligation to file Form W-2 in individual chapter 11 cases. Arizona 140 tax form   In chapter 11 cases, post-petition wages earned by a debtor are generally treated as gross income of the estate. Arizona 140 tax form However, section 1115 of the Bankruptcy Code (11 U. Arizona 140 tax form S. Arizona 140 tax form C. Arizona 140 tax form section 1115) does not affect the determination of what are deemed wages for Federal Insurance Contributions Act (FICA) tax, Federal Unemployment Tax Act (FUTA) tax, or Federal Income Tax Withholding purposes. Arizona 140 tax form See Notice 2006-83. Arizona 140 tax form   The reporting and withholding obligations of a debtor's employer also do not change. Arizona 140 tax form An employer should continue to report the wages and tax withholding on a Form W-2 issued under the debtor's name and social security number. Arizona 140 tax form Notice to persons required to file information returns (other than Form W-2, Wage and Tax Statement) in individual chapter 11 cases. Arizona 140 tax form   Within a reasonable time after the commencement of a chapter 11 bankruptcy case, the trustee or debtor-in-possession should provide notification of the bankruptcy estate's EIN to all persons (or entities) that are required to file information returns for the bankruptcy estate's gross income, gross proceeds, or other types of reportable payments. Arizona 140 tax form See IRC section 6109(a)(2). Arizona 140 tax form As these payments are the property of the estate under section 1115 of the Bankruptcy Code, the payors should report the gross income, gross proceeds, or other reportable payments on the appropriate information return using the estate's name and EIN as required under the IRC and regulations (see IRC sections 6041 through 6049). Arizona 140 tax form   The trustee or debtor-in-possession should not, however, provide the EIN to a person (or entity) filing Form W-2 reporting the debtor's wages or other compensation, as section 1115 of the Bankruptcy Code does not affect the determination of what constitutes wages for purposes of federal income tax withholding or FICA. Arizona 140 tax form See Notice 2006-83. Arizona 140 tax form An employer should continue to report all wage income and tax withholding, both pre-petition and post-petition, on a Form W-2 to the debtor under the debtor's social security number. Arizona 140 tax form   The debtor in a chapter 11 case is not required to file a new Form W-4 with an employer solely because the debtor filed a chapter 11 case and the post-petition wages are includible in the estate's income and not the debtor's income. Arizona 140 tax form However, a new Form W-4 may be necessary if the debtor is no longer entitled to claim the same number of allowances previously claimed because certain deductions or credits now belong to the estate. Arizona 140 tax form See Employment Tax Regulations section 31. Arizona 140 tax form 3402(f)(2)-1. Arizona 140 tax form Additionally, the debtor may wish to file a new Form W-4 to increase the income tax withheld from post-petition wages allocated to the estate to avoid having to make estimated tax payments for the estate. Arizona 140 tax form See IRC section 6654(a). Arizona 140 tax form Notice required in converted and dismissed cases. Arizona 140 tax form   When a chapter 11 bankruptcy case is closed, dismissed, or converted to a chapter 12 or 13 case, the bankruptcy estate ends as a separate taxable entity. Arizona 140 tax form The debtor should, within a reasonable time, send notice of such event to the persons (or entities) previously notified of the bankruptcy case. Arizona 140 tax form This helps to ensure that gross income, proceeds, and other reportable payments realized after the event are reported to the debtor under the correct TIN rather than to the estate. Arizona 140 tax form   When a chapter 11 case is converted to a chapter 7 case, the bankruptcy estate will continue to exist as a separate taxable entity. Arizona 140 tax form Gross income (other than post-conversion income from the debtor's services), gross proceeds, or other reportable payments should continue to be reported to the estate if they are property of the chapter 7 estate. Arizona 140 tax form However, income from services performed by the debtor after conversion of the case to chapter 7 is not property of the chapter 7 estate. Arizona 140 tax form After the conversion, the debtor should notify payors required to report the debtor's nonemployee compensation that compensation earned after the conversion should be reported using the debtor's name and TIN, not the estate's name and EIN. Arizona 140 tax form Employment taxes. Arizona 140 tax form   The trustee or debtor-in-possession must withhold income and social security taxes and file employment tax returns for any wages paid by the trustee or debtor, including wage claims paid as administrative expenses. Arizona 140 tax form See Publication 15, Circular E, Employer's Tax Guide, for details on employer tax responsibilities. Arizona 140 tax form   The trustee also has the duty to prepare and file Forms W-2 for wage claims paid by the trustee, regardless of whether the claims accrued before or during bankruptcy. Arizona 140 tax form For a further discussion of employment taxes, see Employment Taxes, later. Arizona 140 tax form Notice 2006-83 Statement Pending Bankruptcy Case The taxpayer, , filed a bankruptcy petition under chapter 11 of the Bankruptcy Code in the bankruptcy court for the District of . Arizona 140 tax form The bankruptcy court case number is . Arizona 140 tax form Gross income, and withheld federal income tax, reported on Form W-2, Forms 1099, Schedule K-1, and other information returns received under the taxpayer's name and social security number (or other taxpayer identification number) are allocated between the taxpayer's TIN and the bankruptcy estate's EIN as follows, using [describe allocation method]:. Arizona 140 tax form   Year Taxpayer   Estate 1. Arizona 140 tax form Form W-2, Payor: $   $     Withheld income tax shown on Form W-2 $   $   2. Arizona 140 tax form Form 1099-INT Payor: $   $     Withheld income tax (if any) shown on Form 1099-INT $   $   3. Arizona 140 tax form Form 1099-DIV Payor: $   $     Withheld income tax (if any) shown on Form 1099-DIV $   $   4. Arizona 140 tax form Form 1099-MISC Payor: $   $     Withheld income tax (if any) shown on Form 1099-MISC $   $   Bankruptcy Estate Tax Return Filing Requirements and Payment of Tax Due Filing Requirements Filing threshold. Arizona 140 tax form   If the bankruptcy estate has gross income that meets or exceeds the minimum amount required for filing, the trustee or debtor-in-possession must file an income tax return on Form 1041. Arizona 140 tax form This amount is equal to the sum of the personal exemption amount plus the basic standard deduction for a married individual filing separately. Arizona 140 tax form   For 2012, the threshold filing amount for a bankruptcy estate is $9,750 (the sum of the $3,800 personal exemption plus the $5,950 standard deduction for married individuals filing separately). Arizona 140 tax form   These amounts are generally adjusted annually. Arizona 140 tax form See the present year Form 1041 Instructions at www. Arizona 140 tax form irs. Arizona 140 tax form gov/form1041 for the current dollar amounts. Arizona 140 tax form Accounting period. Arizona 140 tax form   A bankruptcy estate may have a fiscal year. Arizona 140 tax form However, this period cannot be longer than 12 months. Arizona 140 tax form Change of accounting period. Arizona 140 tax form   The bankruptcy estate may change its accounting period (tax year) once without IRS approval. Arizona 140 tax form This rule allows the bankruptcy trustee to close the estate's tax year early, before the expected termination of the bankruptcy estate. Arizona 140 tax form The trustee can then file a return for the first short tax year to get a quick determination of the estate's tax liability. Arizona 140 tax form Employer identification number. Arizona 140 tax form   The trustee or debtor-in-possession must obtain an EIN for a bankruptcy estate. Arizona 140 tax form The trustee or debtor-in-possession uses this EIN on all tax returns filed for the bankruptcy estate with the IRS, including estimated tax returns. Arizona 140 tax form    The social security number of the individual debtor cannot be used as the EIN for the bankruptcy estate. Arizona 140 tax form   Obtain an EIN for a bankruptcy estate by applying: Online by clicking on the EIN link at www. Arizona 140 tax form irs. Arizona 140 tax form gov/businesses/small. Arizona 140 tax form The EIN is issued immediately once the application information is validated. Arizona 140 tax form By telephone at 1-800-829-4933 from 7:00 a. Arizona 140 tax form m. Arizona 140 tax form to 7:00 p. Arizona 140 tax form m. Arizona 140 tax form in the trustee's or debtor-in-possession's local time zone. Arizona 140 tax form Assistance provided to callers from Alaska and Hawaii will be based on the hours of operation in the Pacific time zone, or By mailing or faxing Form SS-4, Application for Employer Identification Number. Arizona 140 tax form   If the trustee or debtor-in-possession has not received the bankruptcy estate's EIN by the time the return is due, write “Applied for” and the date you applied in the space for the EIN. Arizona 140 tax form For more details, see Pub. Arizona 140 tax form 583, Starting a Business and Keeping Records. Arizona 140 tax form   Trustees representing ten or more bankruptcy estates (other than estates that will be filing employment or excise tax returns) may request a series or block of EINs. Arizona 140 tax form Figuring tax due. Arizona 140 tax form   The bankruptcy estate figures its taxable income the same way an individual figures taxable income. Arizona 140 tax form However, the estate uses the tax rates for a married individual filing separately to calculate the tax on its taxable income. Arizona 140 tax form The estate is entitled to one personal exemption and may either itemize deductions or take the basic standard deduction for a married individual filing a separate return. Arizona 140 tax form The estate cannot take the higher standard deduction allowed for married persons filing separately who are 65 or older or blind. Arizona 140 tax form Tax rate schedule. Arizona 140 tax form The tax on income for bankruptcy estates is calculated using the tax rate schedule for Married Individuals Filing Separately not the Estates and Trusts tax rate schedule. Arizona 140 tax form When to file. Arizona 140 tax form   Calendar year bankruptcy estates must file Form 1041 by April 15th. Arizona 140 tax form Fiscal year bankruptcy estates must file on or before the 15th day of the 4th month following the close of its tax year. Arizona 140 tax form For example, an estate that has a tax year that ends on June 30th must file Form 1041 by October 15th of the tax year. Arizona 140 tax form If the due date falls on a Saturday, Sunday, or legal holiday, file on the next business day. Arizona 140 tax form Note. Arizona 140 tax form The bankruptcy estate is allowed an automatic 6-month extension of time to file the bankruptcy estate tax return upon filing the required application, Form 7004, Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns. Arizona 140 tax form Transmittal for Form 1040. Arizona 140 tax form   Form 1041 is used as a transmittal for Form 1040. Arizona 140 tax form If a return is required, the trustee or debtor-in-possession must complete the identification area at the top of Form 1041 and indicate the chapter under which the bankruptcy estate filed, either chapter 7 or chapter 11. Arizona 140 tax form   Prepare the bankruptcy estate's return by completing Form 1040. Arizona 140 tax form In the top margin of Form 1040, write “Attachment to Form 1041 —DO NOT DETACH. Arizona 140 tax form ” Then, attach Form 1040 to the Form 1041 transmittal. Arizona 140 tax form Enter the tax and payment amounts on lines 23 through 29 of Form 1041, then sign and date the return. Arizona 140 tax form An example of a bankruptcy estate's tax return is prepared below. Arizona 140 tax form Note. Arizona 140 tax form The filing of the bankruptcy estate's tax return does not relieve a debtor from the requirement to file his or her individual tax return on Form 1040. Arizona 140 tax form Payment of Tax Due Payment methods. Arizona 140 tax form   Payment of tax due may be made by check or money order or by credit or debit card. Arizona 140 tax form For information on how to make payments electronically by credit or debit card, go to irs. Arizona 140 tax form gov/e-pay. Arizona 140 tax form      Payments may also be made electronically using the Electronic Federal Tax Payment System (EFTPS), a free tax payment system that allows you to make payments online or by phone. Arizona 140 tax form To enroll in EFTPS, go to eftps. Arizona 140 tax form gov or call 1-800-555-4477. Arizona 140 tax form For more information see Publication 966, Electronic Federal Tax Payment System: A Guide to Getting Started. Arizona 140 tax form Payment voucher – Form 1041-V. Arizona 140 tax form   Form 1041-V accompanies payments made by check or money order for Form 1041. Arizona 140 tax form The voucher includes information about the bankruptcy estate, including the name of the bankruptcy estate, trustee, EIN, and amount due. Arizona 140 tax form Using Form 1041-V assists the IRS in processing the payment more accurately and efficiently. Arizona 140 tax form We recommend the use of Form 1041-V; however, there is no penalty if the voucher is not used. Arizona 140 tax form Estimated tax – Form 1041-ES. Arizona 140 tax form   In most cases, the trustee or debtor-in-possession must pay any required estimated tax due for the bankruptcy estate. Arizona 140 tax form See the Form 1041-ES Instructions for information on the minimum threshold amount required for filing Form 1041-ES, paying the estimated tax, and exceptions to filing. Arizona 140 tax form Employment Taxes The trustee or debtor-in-possession must withhold income and social security taxes and file employment tax returns for any wages paid by the trustee or debtor, including wage claims paid as administrative expenses. Arizona 140 tax form Until these employment taxes are deposited as required by the IRC, they should be set aside in a separate bank account to ensure that funds are available to satisfy the liability. Arizona 140 tax form If the employment taxes are not paid as required, the trustee may be held personally liable for payment of the taxes. Arizona 140 tax form   See Publication 15, (Circular E), Employer's Tax Guide, for details on employer tax responsibilities. Arizona 140 tax form Also see IRS Notice 931, Deposit Requirements for Employment Taxes, for details on the deposit rules, including the requirement that federal employment tax deposits be made by electronic funds transfer. Arizona 140 tax form The trustee also has a duty to prepare and file Forms W-2, Wage and Tax Statement, for wage claims paid by the trustee, regardless of whether the claims accrued before or during bankruptcy. Arizona 140 tax form If the debtor fails to prepare and file Forms W-2 for wages paid before bankruptcy, the trustee should instruct the employees to file a Form 4852, Substitute for Form W-2, Wage and Tax Statement, or Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Arizona 140 tax form , with their individual income tax returns. Arizona 140 tax form Tax Return Example – Form 1041 This publication is not revised annually. Arizona 140 tax form Future changes to the forms and their instructions may not be reflected in this example. Arizona 140 tax form Note. Arizona 140 tax form The following return was prepared for tax year 2011. Arizona 140 tax form In 2011, the threshold filing amount for a bankruptcy estate was $9,500 (the sum of the $3,700 personal exemption plus the $5,800 standard deduction for married individuals filing separately). Arizona 140 tax form Facts and circumstances. Arizona 140 tax form   On December 15, 2010, Thomas Smith filed a bankruptcy petition under chapter 7. Arizona 140 tax form Joan Black was appointed trustee to administer the bankruptcy estate and to distribute the assets. Arizona 140 tax form   The estate received the following assets from Mr. Arizona 140 tax form Smith: A $100,000 certificate of deposit, Commercial rental real estate with a fair market value (FMV) of $280,000, and His personal residence with an FMV of $200,000. Arizona 140 tax form   Also, the estate received a $251,500 capital loss carryover. Arizona 140 tax form   Mr. Arizona 140 tax form Smith's bankruptcy case was closed on December 31, 2011. Arizona 140 tax form During 2011, Mr. Arizona 140 tax form Smith was relieved of $70,000 of debt by the bankruptcy court. Arizona 140 tax form The estate chose a calendar year as its tax year. Arizona 140 tax form Joan, the trustee, reviews the estate's transactions and reports the taxable events on the estate's final return. Arizona 140 tax form Schedule B (Form 1040). Arizona 140 tax form    The certificate of deposit earned $5,500 of interest during 2011. Arizona 140 tax form Joan reports this interest on Schedule B. Arizona 140 tax form She completes this schedule and enters the result on Form 1040. Arizona 140 tax form Form 4562. Arizona 140 tax form   Joan enters the depreciation allowed on Form 4562. Arizona 140 tax form She completes the form and enters the result on Schedule E. Arizona 140 tax form Schedule E (Form 1040). Arizona 140 tax form   The commercial real estate was rented through the date of sale. Arizona 140 tax form Joan reports the income and expenses on Schedule E. Arizona 140 tax form She enters the net income on Form 1040. Arizona 140 tax form Form 4797. Arizona 140 tax form   The commercial real estate was sold on July 1, 2011, for $280,000. Arizona 140 tax form The property was purchased in 2001 at a cost of $250,000. Arizona 140 tax form The total depreciation allowable as of the date of sale was $120,000. Arizona 140 tax form Additionally, $25,000 of selling expenses were incurred. Arizona 140 tax form Joan reports the gain or loss from the sale on Form 4797. Arizona 140 tax form She completes the form and enters the gain on Schedule D (Form 1040). Arizona 140 tax form   Mr. Arizona 140 tax form Smith's former residence was sold on September 30, 2011. Arizona 140 tax form The sale price was $200,000, the selling expenses were $20,000, and his adjusted basis was $130,000. Arizona 140 tax form This sale is excluded from gross income under IRC section 121. Arizona 140 tax form Note. Arizona 140 tax form Gains from the sale of personal residences are excluded from gross income up to $250,000 under IRC section 121 ($500,000 for married couples filing a joint return). Arizona 140 tax form Bankruptcy estates succeed to this exclusion at the commencement of the case. Arizona 140 tax form See Regulation section 1. Arizona 140 tax form 1398-3. Arizona 140 tax form Schedule D (Form 1040). Arizona 140 tax form   Joan completes Schedule D, taking into account the $250,000 capital loss carryover from 2010 ($251,500 transferred to the estate minus $1,500 used on the estate's 2010 return). Arizona 140 tax form She enters the results on Form 1040. Arizona 140 tax form Form 1040, page 1. Arizona 140 tax form   Joan completes page 1 of the Form 1040 and enters the adjusted gross income on the first line of Form 1040, page 2. Arizona 140 tax form Schedule A (Form 1040). Arizona 140 tax form   During 2011, the estate paid mortgage interest and real property tax on Mr. Arizona 140 tax form Smith's former residence. Arizona 140 tax form It also paid income tax to the state. Arizona 140 tax form Joan enters the mortgage interest, real estate tax, and income tax on Schedule A. Arizona 140 tax form Also, she reports the bankruptcy estate's administrative expenses as a miscellaneous deduction not subject to the 2% floor on miscellaneous itemized deductions. Arizona 140 tax form She completes the Schedule A and enters the result on page 2 of Form 1040. Arizona 140 tax form Form 1040, page 2. Arizona 140 tax form   Joan determines the estate's taxable income and figures its tax using the tax rate schedule for married filing separately. Arizona 140 tax form She then enters the estate's estimated tax payments and figures the amount the estate still owes. Arizona 140 tax form Form 982. Arizona 140 tax form   Joan completes the Schedule D Tax Worksheet to figure the capital loss carryover. Arizona 140 tax form Because $70,000 of debt was canceled, Joan must reduce the tax attributes of the estate by the amount of the canceled debt. Arizona 140 tax form See Debt Cancellation, later. Arizona 140 tax form After the bankruptcy case ends, Mr. Arizona 140 tax form Smith will assume the estate's tax attributes. Arizona 140 tax form Mr. Arizona 140 tax form Smith will assume a capital loss carryover of $53,500 ($123,500 carryover minus the $70,000 attribute reduction) for use in preparation of his individual tax return (Form 1040). Arizona 140 tax form Note. Arizona 140 tax form If the bankruptcy estate had continued, the capital loss carryover would be available to the bankruptcy estate for the 2012 tax year. Arizona 140 tax form Form 1041. Arizona 140 tax form   Joan enters the total tax, estimated tax payments, and tax due from Form 1040 on Form 1041. Arizona 140 tax form She completes the identification area at the top of Form 1041, then signs and dates the return as the trustee on behalf of the bankruptcy estate. Arizona 140 tax form This image is too large to be displayed in the current screen. Arizona 140 tax form Please click the link to view the image. Arizona 140 tax form Sample Form 1040 - page 1 This image is too large to be displayed in the current screen. Arizona 140 tax form Please click the link to view the image. Arizona 140 tax form Sample Form 1040 - page 2 This image is too large to be displayed in the current screen. Arizona 140 tax form Please click the link to view the image. Arizona 140 tax form Sample Schedule A This image is too large to be displayed in the current screen. Arizona 140 tax form Please click the link to view the image. Arizona 140 tax form Sample Schedule B This image is too large to be displayed in the current screen. Arizona 140 tax form Please click the link to view the image. Arizona 140 tax form Sample Schedule D This image is too large to be displayed in the current screen. Arizona 140 tax form Please click the link to view the image. Arizona 140 tax form Sample Schedule E This image is too large to be displayed in the current screen. Arizona 140 tax form Please click the link to view the image. Arizona 140 tax form Sample Form 4797 - page 1 This image is too large to be displayed in the current screen. Arizona 140 tax form Please click the link to view the image. Arizona 140 tax form Sample Form 2119 This image is too large to be displayed in the current screen. Arizona 140 tax form Please click the link to view the image. Arizona 140 tax form Sample Form 4797 - page 2 This image is too large to be displayed in the current screen. Arizona 140 tax form Please click the link to view the image. Arizona 140 tax form Sample Form 4562 This image is too large to be displayed in the current screen. Arizona 140 tax form Please click the link to view the image. Arizona 140 tax form Sample Capital Loss Carryover Worksheet This image is too large to be displayed in the current screen. Arizona 140 tax form Please click the link to view the image. Arizona 140 tax form Sample Form 982 Capital Loss Carryover Worksheet—Lines 6 and 14 Use this worksheet to figure your capital loss carryovers from 2010 to 2011 if your 2010 Schedule D, line 21, is a loss and (a) that loss is a smaller loss than the loss on your 2010 Schedule D, line 16, or (b) the amount on your 2010 Form 1040, line 41 (or your 2010 Form 1040NR, line 38, if applicable) is less than zero. Arizona 140 tax form Otherwise, you do not have any carryovers. Arizona 140 tax form 1. Arizona 140 tax form Enter the amount from your 2010 Form 1040, line 41, or Form 1040NR, line 38. Arizona 140 tax form If a loss, enclose the amount in parentheses 1. Arizona 140 tax form 19,880   2. Arizona 140 tax form Enter the loss from your 2010 Schedule D, line 21, as a positive amount 2. Arizona 140 tax form 1,500   3. Arizona 140 tax form Combine lines 1 and 2. Arizona 140 tax form If zero or less, enter -0- 3. Arizona 140 tax form 21,380   4. Arizona 140 tax form Enter the smaller of line 2 or line 3 4. Arizona 140 tax form 1,500     If line 7 of your 2010 Schedule D is a loss, go to line 5; otherwise, enter -0- on line 5 and go to line 9. Arizona 140 tax form       5. Arizona 140 tax form Enter the loss from your 2010 Schedule D, line 7, as a positive amount 5. Arizona 140 tax form 0   6. Arizona 140 tax form Enter any gain from your 2010 Schedule D, line 15. Arizona 140 tax form If a loss, enter -0- 6. Arizona 140 tax form         7. Arizona 140 tax form Add lines 4 and 6 7. Arizona 140 tax form 1,500   8. Arizona 140 tax form Short-term capital loss carryover for 2011. Arizona 140 tax form Subtract line 7 from line 5. Arizona 140 tax form If zero or less, enter -0-. Arizona 140 tax form If more than zero, also enter this amount on Schedule D, line 6 8. Arizona 140 tax form 0     If line 15 of your 2010 Schedule D is a loss, go to line 9; otherwise, skip lines 9 through 13. Arizona 140 tax form       9. Arizona 140 tax form Enter the loss from your 2010 Schedule D, line 15, as a positive amount 9. Arizona 140 tax form 251,500   10. Arizona 140 tax form Enter any gain from your 2010 Schedule D, line 7. Arizona 140 tax form If a loss, enter -0- 10. Arizona 140 tax form 0       11. Arizona 140 tax form Subtract line 5 from line 4. Arizona 140 tax form If zero or less, enter -0- 11. Arizona 140 tax form 1,500       12. Arizona 140 tax form Add lines 10 and 11 12. Arizona 140 tax form 1,500   13. Arizona 140 tax form Long-term capital loss carryover for 2011. Arizona 140 tax form Subtract line 12 from line 9. Arizona 140 tax form If zero or less, enter -0-. Arizona 140 tax form If more than zero, also enter this amount on Schedule D, line 14 13. Arizona 140 tax form 250,000                       Partnerships and Corporations Filing Requirements A separate taxable estate is not created when a partnership or corporation files a bankruptcy petition and their tax return filing requirements do not change. Arizona 140 tax form The debtor-in-possession, court appointed trustee, assignee, or receiver must file the entity's income tax returns on Form 1065, Form 1120 or, Form 1120S. Arizona 140 tax form In cases where a trustee or receiver is not appointed, the debtor-in-possession continues business operations and remains in possession of the business' property during the bankruptcy proceeding. Arizona 140 tax form The debtor-in-possession, rather than the general partner of a partnership or corporate officer of a corporation, assumes the fiduciary responsibility to file the business' tax returns. Arizona 140 tax form Partnerships The filing requirements for a partnership in a bankruptcy proceeding do not change. Arizona 140 tax form However, the responsibility to file the required returns becomes that of the court appointed trustee, receiver, or debtor-in-possession. Arizona 140 tax form A partnership's debt that is canceled as a result of the bankruptcy proceeding is not included in the partnership's income. Arizona 140 tax form However, It may or may not be included in the individual partners' income. Arizona 140 tax form See Partnerships, below under Debt Cancellation. Arizona 140 tax form Corporations The filing requirements for a corporation in a bankruptcy proceeding also do not change. Arizona 140 tax form A bankruptcy trustee, receiver, or debtor-in-possession, having possession of or holding title to substantially all of the property or business operations of the debtor corporation, must file the debtor's corporate income tax return for the tax year. Arizona 140 tax form The following discussion only highlights bankruptcy tax rules applying to corporations. Arizona 140 tax form The complex details of corporate bankruptcy reorganizations are beyond the scope of this publication. Arizona 140 tax form Therefore, you may wish to seek the help of a professional tax advisor. Arizona 140 tax form See Corporations under Debt Cancellation for information about a corporation's debt canceled in a bankruptcy proceeding. Arizona 140 tax form Tax-Free Reorganizations The tax-free reorganization provisions of the Internal Revenue Code allow a corporation to transfer all or part of its assets to another corporation in a bankruptcy under title 11 of the United States Code or in a similar case. Arizona 140 tax form However, under the reorganization plan, the stock or securities of the corporation to which the assets are transferred must be distributed in a transaction that qualifies under IRC section 354, 355, or 356. Arizona 140 tax form A “similar case” includes a receivership, foreclosure, or other similar proceeding in a federal or state court. Arizona 140 tax form In these cases, any party to the reorganization must be under the jurisdiction of the court and the transfer of assets under the plan of reorganization must be approved by the court. Arizona 140 tax form In a receivership, foreclosure, or similar proceeding before a federal or state agency involving certain financial institutions, the agency is treated as a court. Arizona 140 tax form Generally, IRC section 354 provides that no gain or loss is recognized if a corporation's stock is exchanged solely for stock or securities in a corporation that is a party to the reorganization under a qualifying reorganization plan. Arizona 140 tax form In this case, shareholders in the bankrupt corporation would recognize no gain or loss if they exchange their stock solely for stock or securities of the corporation acquiring the bankrupt corporation's assets. Arizona 140 tax form IRC section 355 generally provides that no gain or loss is recognized by a shareholder if a corporation distributes solely stock or securities of another corporation that the distributing corporation controls immediately before the distribution. Arizona 140 tax form IRC section 356 allows tax-free exchanges in situations that would qualify under IRC section 354 or 355, except that other property or money, in addition to the permitted stock or securities, is received by the shareholder. Arizona 140 tax form In this situation, gain is recognized by the shareholder, but only to the extent of the money and the FMV of the other property received. Arizona 140 tax form No loss is recognized in this situation. Arizona 140 tax form Exemption from tax return filing A trustee, receiver, or assignee of a corporation in bankruptcy, receivership, or in the process of dissolving, may apply to the IRS for relief from filing federal income tax returns for the corporation. Arizona 140 tax form To qualify, the corporation must have ceased business operations and have no assets nor income for the tax year. Arizona 140 tax form The exemption request must be submitted to the local IRS Insolvency Office handling the case. Arizona 140 tax form The request to the IRS must include the name, address, and EIN of the corporation and a statement of the facts (with any supporting documents) showing why the debtor needs relief from the filing requirements. Arizona 140 tax form The request must also include the following statement: “I hereby request relief from filing federal income tax returns for tax years ending _____ for the above-named corporation and declare under penalties of perjury that to the best of my knowledge and belief the information contained herein is correct. Arizona 140 tax form ” The statement must be signed by the trustee, receiver or assignee. Arizona 140 tax form The statement must also include notice of appointment to act on behalf of the corporation (this is not required for bankruptcy trustees or debtors-in-possession). Arizona 140 tax form The IRS will act on your request within 90 days. Arizona 140 tax form Disclosure of return information to trustee. Arizona 140 tax form   Upon written request, current and earlier returns of the debtor are open to inspection by or disclosure to the trustee or receiver. Arizona 140 tax form However, in bankruptcy cases other than those of individuals filing under chapter 7 or 11, such as a corporate bankruptcy, the IRS must find that the trustee has a material interest that will be affected by information on the return. Arizona 140 tax form Material interest is generally defined as a financial or monetary interest. Arizona 140 tax form Material interest is not limited to the trustee's responsibility to file a return on behalf of the bankruptcy estate. Arizona 140 tax form Receiverships Court-established receiverships sometimes arise in connection with bankruptcies. Arizona 140 tax form Certain court-established receiverships should be treated as qualified settlement funds ("QSFs") for purposes of IRC section 468B and the underlying Treasury Regulations. Arizona 140 tax form QSFs are required to file an annual income tax return, Form 1120-SF, U. Arizona 140 tax form S. Arizona 140 tax form Income Tax Return for Settlement Funds. Arizona 140 tax form More information about QSFs may be found in Treasury Regulation sections 1. Arizona 140 tax form 468B-1 through -5. Arizona 140 tax form Determination of Tax The determination of the proper amount of tax due for a tax year begins with the bankruptcy estate's filing of Form 1041, and the individual debtor's filing of Form 1040, or for bankrupt entities filing Forms 1065, 1120, or 1120S. Arizona 140 tax form After a return is filed, the IRS will either accept the return as filed or select the return for examination. Arizona 140 tax form Under examination the IRS may redetermine the tax liability shown on the return. Arizona 140 tax form If the bankruptcy estate or debtor disagrees with the redetermined tax due, the tax as redetermined by the IRS may be contested in the bankruptcy court, or Tax Court, as applicable. Arizona 140 tax form See Court Jurisdiction over Tax Matters, later. Arizona 140 tax form Prompt Determination Requests Pursuant to Rev. Arizona 140 tax form Proc. Arizona 140 tax form 2006-24, 2006-22 I. Arizona 140 tax form R. Arizona 140 tax form B. Arizona 140 tax form 943, www. Arizona 140 tax form irs. Arizona 140 tax form gov/irb/2006-22_IRB/ar12, as modified by Announcement 2011-77, www. Arizona 140 tax form irs. Arizona 140 tax form gov/irb/2011-51_IRB/ar13, the bankruptcy trustee may request a determination of any unpaid tax liability incurred by the bankruptcy estate during the administration of the case, by filing a tax return and a request for such determination with the IRS. Arizona 140 tax form Unless the return is fraudulent or contains a material misrepresentation, the estate, trustee, debtor, and any successor to the debtor are discharged from liability upon payment of the tax: As determined by the IRS, As determined by the bankruptcy court, after completion of the IRS examination, or As shown on the return, if the IRS does not: Notify the trustee within 60 days after the request for determination that the return has been selected for examination, or Complete the examination and notify the trustee of any tax due within 180 days after the request (or any additional time permitted by the bankruptcy court). Arizona 140 tax form Making the request for determination. Arizona 140 tax form   As detailed in Rev. Arizona 140 tax form Proc. Arizona 140 tax form 2006-24, as modified by Announcement 2011-77, to request a prompt determination of any unpaid tax liability of the estate, the trustee must file a signed written request, in duplicate, with the Internal Revenue Service, Centralized Insolvency Operation, P. Arizona 140 tax form O. Arizona 140 tax form Box 7346, Philadelphia, PA 19101–7346 (marked “Request for Prompt Determination”). Arizona 140 tax form   The request must be submitted in duplicate and must be executed under penalties of perjury. Arizona 140 tax form In addition, the trustee must submit along with the request an exact copy of the return(s) filed by the trustee with the IRS for each completed tax period. Arizona 140 tax form The request must contain the following information: A statement indicating that it is a Request for Prompt Determination of Tax Liability, specifying the type of return and tax period for each return being filed. Arizona 140 tax form The name and location of the office where the return was filed. Arizona 140 tax form The name of the debtor. Arizona 140 tax form Debtor's social security number, TIN, or EIN. Arizona 140 tax form Type of bankruptcy estate. Arizona 140 tax form Bankruptcy case number. Arizona 140 tax form Court where the bankruptcy case is pending. Arizona 140 tax form   The copy of the return(s) submitted with the request must be an exact copy of a valid return. Arizona 140 tax form A request for prompt determination will be considered incomplete and returned to the trustee if it is filed with a copy of a document that does not qualify as a valid return. Arizona 140 tax form    To qualify as valid, a return must meet certain criteria, including a signature under penalties of perjury. Arizona 140 tax form A document filed by the trustee with the jurat stricken, deleted, or modified will not qualify as a valid return. Arizona 140 tax form Examination of return. Arizona 140 tax form   The IRS will notify the trustee within 60 days from receipt of the request whether the return filed by the trustee has been selected for examination or has been accepted as filed. Arizona 140 tax form If the return is selected for examination, it will be examined as soon as possible. Arizona 140 tax form The IRS will notify the trustee of any tax due within 180 days from receipt of the application or within any additional time permitted by the bankruptcy court. Arizona 140 tax form   If a prompt determination request is incomplete, all the documents received by the IRS will be returned to the trustee by the assigned Field Insolvency Office with an explanation identifying the missing item(s) and instructions to re-file the request once corrected. Arizona 140 tax form   Once corrected, the request must be filed with the IRS at the Field Insolvency Office address specified in the correspondence accompanying the returned incomplete request. Arizona 140 tax form   In the case of an incomplete request submitted with a copy of an invalid return document, the trustee must file a valid original return with the appropriate IRS office and submit a copy of that return with the corrected request when the request is re-filed. Arizona 140 tax form Note. Arizona 140 tax form An incomplete request includes those submitted with a copy of a return form, the original of which does not qualify as a valid return. Arizona 140 tax form   The 60-day period to notify the trustee whether the return is accepted as filed or has been selected for examination does not begin to run until a complete request package is recei