Userid:SD_RRKPBschema instrxLeadpct: -8%Pt.size: 10oDraftoOk to Projects\I1040ES final.xml(Init.& date)Page 1 of 9Form 1040-ES (Rev.05-2012)15:19 - 25-MAY-2012The type and rule above prints on all proofs including departmental reproduction proofs.MUST be removed before printing.Department of the TreasuryInternal Revenue ServiceForm 1040-ESEstimated Tax for IndividualsLegislative actions may impact your estimated tax liabilitytotal tax was zero or you did not have to file an incomecalculation.The IRS will take appropriate steps to notifytax return.the public on any legislative developments.Special RulesAdoption credit and adoption assistance.BeginningThere are special rules for farmers, fishermen, certainin 2012, the maximum adoption credit will be $12,650household employers, and certain higher incomeand the credit is no longer refundable.The maximumtaxpayers.amount of adoption assistance that can be excluded fromCat.No.11340TMay 25, 2012Page 2 of 9Form 1040-ES (Rev.05-2012)15:19 - 25-MAY-2012The type and rule above prints on all proofs including departmental reproduction proofs.MUST be removed before printing.gross income is $12,650.The amount of the credit orAn unmarried individual (single or head of household)excludable assistance begins to phase out for taxpayersand are:with modified AGI in excess of $189,710 and is65 or older or phased out for taxpayers with modified AGI of65 or older and minimum tax (AMT) exemption amounts.A married individual (filing jointly or separately) or aThe AMT exemption is decreased to $33,750 ($45,000 ifqualifying widow(er) and are:married filing jointly or a qualifying widow(er) withdependent child; $22,500 if married filing separately).65 or older or or older and tax benefits.The following benefits areBoth spouses 65 or to expire or have been repealed and will notBoth spouses 65 or older and blind....$4,600*be available for 2012.* If married filing separately, these amounts apply only if you can claim anCredit for non-business energy property.exemption for your spouse.Plug-in electric vehicle credit.Plug-in conversion credit.Your standard deduction is zero if (a) your spouseAlternative fuel vehicle refueling property credit.itemizes on a separate return, or (b) you were aIndian employment credit.dual-status alien and you do not elect to be taxedNew energy efficient home credit.as a resident alien for 2012.Energy efficient appliance credit.Personal exemption amount increased.For tax yearsEmployer wage differential for active duty members ofbeginning in 2012, the personal exemption amount isthe uniformed services.increased to $3,800.Work opportunity credit (except for certain veterans).Earned income credit (EIC).You may be able to takeDeduction of expenses for school teachers.the EIC if:Deduction for mortgage insurance premiums.Three or more children lived with you and you earnedDeduction for state and local sales taxes instead ofless than $45,060 ($50,270 if married filing jointly),state and local income taxes.Two children lived with you and you earned less thanTuition and fees deduction.$41,952 ($47,162 if married filing jointly),Tax-free distribution from retirement accounts forOne child lived with you and you earned less thancharitable purposes.$36,920 ($42,130 if married filing jointly), orZero percent capital gains rate for DC Zone assets.A child did not live with you and you earned less thanFirst-time homebuyer credit.$13,980 ($19,190 if married filing jointly).Nonrefundable personal credits and the AMT.TheAlso, the maximum AGI you can have and still get thefollowing credits are no longer allowed to be appliedcredit has changed.
You may be able to take the credit ifagainst the AMT.your AGI is less than the amount in the above list thatCredit for child and dependent care expenses.applies to you.The maximum investment income you canCredit for the elderly or the disabled.have and get the credit has increased to $3,200.Education credits.Mortgage interest credit.Standard mileage rate.The rate for business use ofCarryforwards of the District of Columbia first-timeyour vehicle remains 551/2 cents per mile.The rate forhomebuyer credit.use of your vehicle to get medical care or move isdecreased to 23 cents per mile.
The rate of 14 cents perInstead, a new tax liability limit applies.For mostmile for charitable use is unchanged.people, this limit is your regular tax minus any tentativeSocial security and Medicare tax for 2012.Theminimum tax.employee tax rate for social security is 4.2%.The socialIncome limits for excluding education savings bondsecurity wage base limit is $110,100.The Medicare taxinterest increased.In order to exclude interest, yourrate is 1.45%.There is no wage base limit for Medicaremodified adjusted gross income (MAGI) must be lesstax.than $87,850 ($139,250 if married filing jointly orThe tax rate for net earnings from self-employment isqualifying widow(er)).10.4%, up to the social security wage base limit ofForeign earned income exclusion.The maximum$110,100.exclusion has increased to $95,100.Lifetime learning credit income limits increased.InStandard deduction.If you do not itemize yourorder to claim a lifetime learning credit, your modified AGIdeductions, you can take the 2012 standard deductionmust be less than $62,000 ($124,000 if married filinglisted below for your filing status.jointly).Extended health coverage tax credit.The credit forTHEN your standardthe cost of health insurance is 72.5% and COBRAIF your 2012 filing status is...deduction is...benefits continue if you are one of the following eligibleMarried filing jointly or individuals.$11,900Qualifying widow(er)Trade adjustment assistance (TAA) recipients.Head of household$8,700Alternative TAA recipients.Reemployment TAA recipients.Single or Married filing separately$5,950Pension Benefit Guaranty Corporation pensionrecipients.However, if you can be claimed as a dependent onQualified family members of an individual who fellanother person's 2012 r
Userid:SD_R22FBschema instrxLeadpct: 0%Pt.size: 9oDraftoOk to .& date)Page 1 of 4Form 1040-ES (NR) (05-2012)8:04 - 29-MAY-2012The type and rule above prints on all proofs including departmental reproduction proofs.
MUST be removed before printing.Department of the TreasuryInternal Revenue ServiceForm 1040-ES (NR)U.S.Estimated Tax for Nonresident Alien IndividualsFor details on how to get formsSpecial RulesAt the time this form went to print,and publications, go to IRS.gov orThere are special rules for farmers,Congress was consideringsee the instructions for your taxand certain higher income taxpayers.certain tax provisions that expired at theoutside the United States is available atend of 2011.
Legislative actions mayIRS.gov.Click on Individuals, and then onFarmers and fishermen.If at leastimpact your estimated tax liabilityInternational Taxpayers.two-thirds of your gross income for 2011calculation.The IRS will take appropriateor 2012 is from farming or fishing,If you have tax questions, callsteps to notify the public on anysubstitute 662/3% for 90% in (2a) under1-800-829-1040 for assistance.legislative developments.For moreGeneral Rule above.For TTY/TDD help, callPage 2 of 4Form 1040-ES (NR) (05-2012)8:04 - 29-MAY-2012The type and rule above prints on all proofs including departmental reproduction proofs.
MUST be removed before printing.Zero percent capital gains rate for D.C.The 2012 Tax Rate Schedules for yourIf you want, you can make moreZone assets.filing status.*than four estimated tax payments.First-time homebuyer credit for theYour 2011 tax return and instructions toTo do so, make a copy of one ofDistrict of Columbia.use as a guide to figuring your income,your unused estimated tax paymentdeductions, and credits (but be sure tovouchers, fill it in, and mail it with yourNonrefundable personal credits andconsider the items listed under What'spayment.If you make more than fourthe AMT.The following credits are noNew).payments, to avoid a penalty make surelonger allowed to be applied against AMT.the total of the amounts you pay during aCredit for child and dependent care* If you are married, you generallypayment period is at least as much as theexpenses.must use Tax Rate Schedule Y.Foramount required to be paid by the dueMortgage interest credit.exceptions, see Pub.
519, chapter 5.date for that period.For other paymentCarryforwards of the District ofmethods, see Pay Electronically, later.Columbia first-time homebuyer credit.Matching estimated tax payments toNo income subject to estimated taxincome.If you receive your incomeInstead, a new tax liability limit applies.during first payment period.If, afterunevenly throughout the year (forFor most people, this limit is your regularMarch 31, 2012, you have a large changeexample, because you operate yourtax minus any tentative minimum tax
.in income, deductions, additional taxes, orbusiness on a seasonal basis or you havePersonal exemption amount increased.credits that requires you to start makinga large capital gain late in the year), youFor tax years beginning in 2012, theestimated tax payments, you shouldmay be able to lower or eliminate thepersonal exemption amount is increasedfigure the amount of your estimated taxamount of your required estimated taxto $3,800.payments by using the annualized incomepayment for one or more periods by usingStandard mileage rate.The rate forinstallment method, explained in chapterthe annualized income installmentbusiness use of your vehicle remains 551/22 of Pub.505.If you use the annualizedmethod.See chapter 2 of Pub.505 forcents per mile.The rate for use of yourincome installment method, file Formdetails.vehicle to move is decreased to 23 cents2210, Underpayment of Estimated Tax byper mile.The rate of 14 cents per mile forChanging your estimated tax.ToIndividuals, Estates, and Trusts, includingcharitable use is unchanged.amend or correct your estimated tax, seeSchedule AI, with your 2012 tax returnHow To Amend Estimated Tax Payments,Social security and Medicare tax foreven if no penalty is owed.later.2012.The employee tax rate for socialFarmers and fishermen.If at leastsecurity is 4.2%.
The social security wagetwo-thirds of your gross income for 2011You cannot make joint estimatedbase limit is $110,100.The Medicare taxor 2012 is from farming or fishing, youtax payments if you or yourrate is 1.45%.There is no wage base limitcan do one of the following.spouse is a nonresident alien, youfor Medicare tax.Pay all of your estimated tax byare separated under a decree of divorceThe tax rate for net earnings fromJanuary 15, 2013.or separate maintenance, or you and yourself-employment is 10.4%, up to theFile your 2012 Form 1040NR by Marchspouse have different tax years.social security wage base limit of1, 2013, and pay the total tax due.In this$110,100case, 2012 estimated tax payments arePayment Due Datesnot required to avoid a penalty.Extended health coverage tax credit.The credit for the cost of health insuranceIf you have wages subject to U.S.
incomeFiscal year taxpayers.You are on ais 72.5% and COBRA benefits continue iftax withholding, you can pay all of yourfiscal year if your 12-month tax periodyou are one of the following eligibleestimated tax by April 17, 2012, or in fourends on any day except December 31.individuals.equal amounts by the dates shown below.Due dates for fiscal year taxpayers areTrade adjustment assistance (TAA)the 15th day of the 4th (if applicable), 6th,1st payment..Apr.17, 2012recipients.and 9th months of your current fiscal yearAlternative TAA recipients.2nd payment..Jun.15, 2012and the 1st month of the following fiscalReemployment TAA recipients.3rd payment..Sep.
17, 2012year.If any payment date falls on aPension Benefit Guaranty Corporation4th payment..Jan.15, 2013*Saturday, Sunday, or legal holiday, usepension recipients.the next business day.* You do not have to make the payment due January Qualified fa
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Booklet and Tax Tables Start using this booklet Jan.1, 2012Minnesota Income Tax Withholding2012e-Services for Businesses File and pay electronically Submit W-2s and 1099s electronically IDFWVHHWVDQGIRUPVGo to our website 2Directory
2:DWV1HRegister for a Minnesota 7D,1XPEHUEmployers Using
3DUROO6HUyLFHVForms for Minnesota :LWROGLQJ7D 75HSRUW)HGHUDODQJHV 7HWHUPLQH$PRXQWWR:LWROG 8HSRVLW7D:LWHOGFile a Return
11:RUNVHHWVFile Electronically0DQDJH2QOLQH3UROH ,QIRUPDWLRQ 6LFN/HDyH173HQDOWLHVDQG,QWHUHVW 18Amend a Return
651-282-9999 UHyHQXHVWDWHPQXVBusiness Registration Tax Education Minnesota Relay order ,IRUPVXVFLVJRySocial Security Administration XQHPSORPHQWLQVXUDQFHXLPQRUJSUHVV HPDLOXLPQ#VWDWHPQXVXPDQ6HUyLFHV / and Fact SheetsWithholding tax forms and fact sheets are available on our website at www.revenue.state.mn.us.Or, call 651-282-9999 or 1-800-657-3594.
Sheet 1RQUHVLGHQW:DJH,QFRPHAssigned to MinnesotaReciprocityThe information you provide on your tax return is private by state law.It cannot be given to others without your consent except to the IRS, other states that guarantee the same privacy and certain government units as provided by law.2Check our website for the most current informationUpdates may occur after this booklet is published that could affect your Minnesota withholding taxes for 2012.Check our website periodically for NewNote: Law Change for Individual Construction ContractorsAer June 30, 2012, businesses are no longer required to withhold 2 percent from payments made to individual construction contractors.For details, go to our website at www.revenue.state.mn.us and see Law Change for Individual Construction Contractors under the Whats New tab in Withholding Tax.Electronic Filing ThresholdFor tax year 2011 and beyond, you must electronically submit Forms W-2 and 1099 to the department if you have more than 10 forms to le.For details, see Submit W-2, W-2c and 1099 Forms to the Department of Revenue on page 16.Interest ratee 2012 interest rate is 3 percent.New and Improved Online Filing and Paying SystemAll registered withholding tax busi-nesses have been transferred into e-Services, the departments new ling Register for a Minnesota Tax ID NumberYou must register to le withholding tax if tax from their wages in the next 30 you are not required to ; on page to withhold 2 percent of the total payments made to an indi-vidual construction contractor who is carrying on a trade or business as a sole proprietorship for work ;, above, for law payments on which you are SFRVJSFEUPXJUIIPME.JOOFtPUBtaxes; who will have withholding from their wages.If you do not register before you start withholding tax, you may be assessed a $100 , go to our website.If you do not have Internet access, contact #VtJOFtt3FHJtUSBUJPOtFFQBHFNote: If your business currently has a .tax account to your number.To update your business information, go to our website or contact Business 3FHJtUSBUJPOtFFQBHFand paying system which replaces FJMF.JOOFtPUB8IFOPVMFXJUI-holding tax returns using e-Services, note the following a reconciliation return for the year.Instead, you will report the wage and withholding informa-tion for the fourth quarter only, which is similar to the information reported on your returns for the rst three construction contractor withholding on a quarterly basis.For details, see Two Percent With-holding on Individual Construc-tion Contractors on page 6.t)PXPVNBOBHFPVSPOMJOFQSP-le information has changed.For details, see page 15.Additional information regarding e-Services, including video guides, is available on our website.New WebsiteIn mid-2012, the department will launch a redesigned website.It will feature simple navigation and an improved design, allowing users easier access to the information they need.
You may want to add the new link, www.revenue.state.mn.us, to your favorites.
Until the new site is ) and current link to the current site.Final Year for Automatic MailingBeginning with the 2013 booklet, the department will no longer auto-matically mail the Withholding Tax Instruction Booklet to taxpayers.In December 2012, the booklet and other important withholding tax informa-tion will be available on our website.Third Party Payers of Sick LeaveCertain third-party payers of sick pay are required to le an annual report with the department.For details, see ird Party Payers of Sick Leave on page 17.4www.revenue.state.mn.usIf you employ anyone who works in .JOOFtPUBPSJt.JOOFtPUBSFtJEFOUand you are required to withhold fed-eral income tax from the employees wages, in most cases you are also SFRVJSFEUPXJUIIPME.JOOFtPUBincome tax.If you are not required to withhold federal income tax from the employ-ees wages, in most cases you are not SFRVJSFEUPXJUIIPME.JOOFtPUBincome tax.e rules for determining if you are required to withhold federal taxes are in federal Circular E, IRS Publication BWBJMBCMFBUXXXJStHPWIf you pay an employeeincluding your spouse, children, other family members, friends, students or agri-cultural helpto perform services for your business, withholding is required.A worker is an employee if you control what will be done and how it will be done.Any ocer performing services for a corporation is an employee and their wages are subject to withholding.For details, see Fact Sheet 6.:PVNVtUXJUIIPME.JOOFtPUBincome tax from the wages you pay Withholding Requirementsemployees and then remit the amount withheld to the department.
You must withhold tax even if you pay employees in cash or give them other goods or services in exchange for working for you.Goods and services to the same extent they are sub-ject to federal withholding tax.For details, see Fact Sheets 9 and 10.Employee or Independent Contractor.
Employers oen ask us whether their workers should be treated as employe