Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

1040ez Efile

Federal Income Tax ExtensionAmending My 2010 Tax ReturnTaxact 2008 Free DownloadH&r Block Amended ReturnFile Free State And Federal TaxesI Need To Print A Free 1040x FormFiling Form 1040xI Need To File My 2012 TaxesWww Onlinetaxes Hrblock ComFree Amended Tax Return OnlineTurbotax 2007 FreeFederal Amended Tax Return1040 Ez 2012Amended Tax Return InstructionsCan I File 1040nr OnlineIrs Form 1040 EzFiling Free State Taxes Online1040ez Free Online FilingHow To Fill Out An Amended Tax Return Form2013 State Tax ReturnFederal Ez FormMilitary Tax FilingHow To Amend 2010 TaxesCan I File 1040ez1040x Online FreeForm 1040x InstructionsFederal Income Tax FormsI Need A 1040x FormDeadline For TaxesFile Extension 2012 TaxesCollege Students Filing TaxesMilitary Taxes By State1040ez Tax Year 20121040-xHow To File State TaxesStudent Tax RefundFile 2010 Tax Return TurbotaxHow Do I File My 2011 Tax Return2010 TaxesIrs Web Page Income Tax Form 2012

1040ez Efile

1040ez efile Publication 4492 - Main Contents Table of Contents DefinitionsHurricane Katrina Disaster Area Katrina Covered Disaster Area Gulf Opportunity (GO) Zone (Core Disaster Area) Hurricane Rita Disaster Area (Rita Covered Disaster Area) Rita GO Zone Hurricane Wilma Disaster Area Wilma Covered Disaster Area Wilma GO Zone Extended Tax Deadlines Charitable Giving IncentivesTemporary Suspension of Limits on Charitable Contributions Standard Mileage Rate for Charitable Use of Vehicles Mileage Reimbursements to Charitable Volunteers Charitable Deduction for Contributions of Food Inventory Charitable Deduction for Contributions of Book Inventories to Public Schools Casualty and Theft LossesTime limit for making election. 1040ez efile Replacement Period for Nonrecognition of Gain Net Operating Losses IRAs and Other Retirement PlansDefinitions Taxation of Qualified Hurricane Distributions Repayment of Qualified Hurricane Distributions Repayment of Qualified Distributions for the Purchase or Construction of a Main Home Loans From Qualified Plans Additional Tax Relief for IndividualsEarned Income Credit and Child Tax Credit Additional Exemption for Housing Individuals Displaced by Hurricane Katrina Education Credits Recapture of Federal Mortgage Subsidy Exclusion of Certain Cancellations of Indebtedness by Reason of Hurricane Katrina Tax Relief for Temporary Relocation Additional Tax Relief for BusinessesSpecial Depreciation Allowance Increased Section 179 Deduction Work Opportunity Credit Employee Retention Credit Hurricane Katrina Housing Credit Reforestation Costs Demolition and Clean-up Costs Increase in Rehabilitation Tax Credit Request for Copy or Transcript of Tax Return How To Get Tax Help Definitions The following definitions are used throughout this publication. 1040ez efile Hurricane Katrina Disaster Area The Hurricane Katrina disaster area covers the area for which the President declared a major disaster before September 14, 2005, because of Hurricane Katrina. 1040ez efile The Hurricane Katrina disaster area covers the entire states of Alabama, Florida, Louisiana, and Mississippi. 1040ez efile Katrina Covered Disaster Area A portion of the Hurricane Katrina disaster area has been designated by the IRS as a covered disaster area. 1040ez efile The Katrina covered disaster area covers the following areas in four states. 1040ez efile Alabama. 1040ez efile   The counties of Baldwin, Bibb, Choctaw, Clarke, Colbert, Cullman, Greene, Hale, Jefferson, Lamar, Lauderdale, Marengo, Marion, Mobile, Monroe, Perry, Pickens, Sumter, Tuscaloosa, Washington, Wilcox, and Winston. 1040ez efile Florida. 1040ez efile   The counties of Bay, Broward, Collier, Escambia, Franklin, Gulf, Miami-Dade, Monroe, Okaloosa, Santa Rosa, and Walton. 1040ez efile Louisiana. 1040ez efile   All parishes. 1040ez efile Mississippi. 1040ez efile   All counties. 1040ez efile Gulf Opportunity (GO) Zone (Core Disaster Area) The GO Zone (also called the core disaster area) covers the portion of the Hurricane Katrina disaster area determined by the Federal Emergency Management Agency (FEMA) to be eligible for either individual only or both individual and public assistance from the Federal Government. 1040ez efile The GO Zone covers the following areas in three states. 1040ez efile Alabama. 1040ez efile   The counties of Baldwin, Choctaw, Clarke, Greene, Hale, Marengo, Mobile, Pickens, Sumter, Tuscaloosa, and Washington. 1040ez efile Louisiana. 1040ez efile   The parishes of Acadia, Ascension, Assumption, Calcasieu, Cameron, East Baton Rouge, East Feliciana, Iberia, Iberville, Jefferson, Jefferson Davis, Lafayette, Lafourche, Livingston, Orleans, Plaquemines, Pointe Coupee, St. 1040ez efile Bernard, St. 1040ez efile Charles, St. 1040ez efile Helena, St. 1040ez efile James, St. 1040ez efile John the Baptist, St. 1040ez efile Martin, St. 1040ez efile Mary, St. 1040ez efile Tammany, Tangipahoa, Terrebonne, Vermilion, Washington, West Baton Rouge, and West Feliciana. 1040ez efile Mississippi. 1040ez efile   The counties of Adams, Amite, Attala, Choctaw, Claiborne, Clarke, Copiah, Covington, Forrest, Franklin, George, Greene, Hancock, Harrison, Hinds, Holmes, Humphreys, Jackson, Jasper, Jefferson, Jefferson Davis, Jones, Kemper, Lamar, Lauderdale, Lawrence, Leake, Lincoln, Lowndes, Madison, Marion, Neshoba, Newton, Noxubee, Oktibbeha, Pearl River, Perry, Pike, Rankin, Scott, Simpson, Smith, Stone, Walthall, Warren, Wayne, Wilkinson, Winston, and Yazoo. 1040ez efile Hurricane Rita Disaster Area (Rita Covered Disaster Area) The Hurricane Rita disaster area (also designated by the IRS as the Rita covered disaster area) covers the area for which the President declared a major disaster before October 6, 2005, because of Hurricane Rita. 1040ez efile This area covers the entire states of Louisiana and Texas. 1040ez efile Rita GO Zone The Rita GO Zone covers the portion of the Hurricane Rita disaster area determined by FEMA to be eligible for either individual only or both individual and public assistance from the Federal Government. 1040ez efile The Rita GO Zone covers the following areas in two states. 1040ez efile Louisiana. 1040ez efile   The parishes of Acadia, Allen, Ascension, Beauregard, Calcasieu, Cameron, Evangeline, Iberia, Jefferson, Jefferson Davis, Lafayette, Lafourche, Livingston, Plaquemines, Sabine, St. 1040ez efile Landry, St. 1040ez efile Martin, St. 1040ez efile Mary, St. 1040ez efile Tammany, Terrebonne, Vermilion, Vernon, and West Baton Rouge. 1040ez efile Texas. 1040ez efile   The counties of Angelina, Brazoria, Chambers, Fort Bend, Galveston, Hardin, Harris, Jasper, Jefferson, Liberty, Montgomery, Nacogdoches, Newton, Orange, Polk, Sabine, San Augustine, San Jacinto, Shelby, Trinity, Tyler, and Walker. 1040ez efile Hurricane Wilma Disaster Area The Hurricane Wilma disaster area covers the area for which the President declared a major disaster before November 14, 2005, because of Hurricane Wilma. 1040ez efile The Hurricane Wilma disaster area covers the entire state of Florida. 1040ez efile Wilma Covered Disaster Area A portion of the Hurricane Wilma disaster area has been designated by the IRS as a covered disaster area. 1040ez efile The Wilma covered disaster area covers the following counties. 1040ez efile Florida. 1040ez efile   Brevard, Broward, Charlotte, Collier, DeSoto, Glades, Hardee, Hendry, Highlands, Indian River, Lee, Martin, Miami-Dade, Monroe, Okeechobee, Osceola, Palm Beach, Polk, St. 1040ez efile Lucie, and Sarasota. 1040ez efile Wilma GO Zone The Wilma GO Zone covers the portion of the Hurricane Wilma disaster area determined by FEMA to be eligible for either individual only or both individual and public assistance from the Federal Government. 1040ez efile The Wilma GO Zone covers the following counties. 1040ez efile Florida. 1040ez efile   Brevard, Broward, Collier, Glades, Hendry, Indian River, Lee, Martin, Miami-Dade, Monroe, Okeechobee, Palm Beach, and St. 1040ez efile Lucie. 1040ez efile Extended Tax Deadlines The IRS has extended deadlines that apply to filing returns, paying taxes, and performing certain other time-sensitive acts for certain taxpayers affected by Hurricane Katrina, Rita, or Wilma, until February 28, 2006. 1040ez efile The extension applies to deadlines (either an original or extended due date) that occur during the following periods. 1040ez efile After August 28, 2005 (August 23, 2005, for Florida affected taxpayers), and before February 28, 2006, for taxpayers affected by Hurricane Katrina. 1040ez efile After September 22, 2005, and before February 28, 2006, for taxpayers affected by Hurricane Rita. 1040ez efile After October 22, 2005, and before February 28, 2006, for taxpayers affected by Hurricane Wilma. 1040ez efile Affected taxpayer. 1040ez efile   The following taxpayers are eligible for the extension. 1040ez efile Any individual whose main home is located in a covered disaster area. 1040ez efile Any business entity or sole proprietor whose principal place of business is located in a covered disaster area. 1040ez efile Any individual, business entity, or sole proprietor whose records needed to meet a postponed deadline are maintained or whose tax professional's office is in a covered disaster area. 1040ez efile The main home or principal place of business does not have to be located in the covered area. 1040ez efile Any individual visiting a county or parish in the Hurricane Katrina or Hurricane Rita covered disaster area that was injured or killed (and the estate of an individual killed) as a result of the hurricane or its aftermath. 1040ez efile Any estate or trust whose tax records needed to meet a filing or payment deadline are maintained in a covered disaster area. 1040ez efile Generally, any individual who is a worker assisting in the relief activities in a covered disaster area. 1040ez efile However, a relief worker assisting in the Wilma covered disaster area is not an affected taxpayer unless the worker is affiliated with a recognized government or philanthropic organization assisting in the relief activities. 1040ez efile The spouse of an affected taxpayer, solely with regard to a joint income tax return with that taxpayer. 1040ez efile   To ensure correct processing, affected taxpayers should write the assigned disaster designation (for example, “Hurricane Katrina”) in red ink at the top of any forms or documents filed with the IRS. 1040ez efile Affected taxpayers can also identify themselves to the IRS or ask hurricane-related questions by calling the special IRS disaster hotline at 1-866-562-5227. 1040ez efile Acts extended. 1040ez efile   Deadlines for performing the following acts are extended. 1040ez efile Filing any return of income, estate, gift, generation-skipping transfer, excise, or employment tax. 1040ez efile Paying any income, estate, gift, generation-skipping transfer, excise, or employment tax. 1040ez efile This includes making estimated tax payments. 1040ez efile Making certain contributions, distributions, recharacterizing contributions, or making a rollover to or from a qualified retirement plan. 1040ez efile Filing certain petitions with the Tax Court. 1040ez efile Filing a claim for credit or refund of any tax. 1040ez efile Bringing suit upon a claim for credit or refund. 1040ez efile Certain other acts described in Revenue Procedure 2005-27. 1040ez efile You can find Revenue Procedure 2005-27 on page 1050 of Internal Revenue Bulletin 2005-20 at www. 1040ez efile irs. 1040ez efile gov/pub/irs-irbs/irb05-20. 1040ez efile pdf. 1040ez efile Forgiveness of interest and penalties. 1040ez efile   The IRS may forgive the interest and penalties on any underpaid income, estate, gift, employment, or excise tax for the length of any extension. 1040ez efile Charitable Giving Incentives Temporary Suspension of Limits on Charitable Contributions Individuals. 1040ez efile   Qualified contributions are not subject to the overall limit on itemized deductions or the 50% adjusted gross income (AGI) limit. 1040ez efile A qualified contribution is a charitable contribution paid in cash or by check after August 27, 2005, and before January 1, 2006, to a 50% limit organization (other than certain private foundations described in section 509(a)(3)) if you make an election to have the 50% limit not apply to these contributions. 1040ez efile   Your deduction for qualified contributions is limited to your AGI minus your deduction for all other charitable contributions. 1040ez efile You can carry over any contributions you are not able to deduct for 2005 because of this limit. 1040ez efile In 2006, treat the carryover of your unused qualified contributions as a carryover of contributions subject to the 50% limit. 1040ez efile Exception. 1040ez efile   Qualified contributions do not include a contribution to a segregated fund or account for which you (or any person you appoint or designate) have or expect to have advisory privileges with respect to distributions or investments based on your contribution. 1040ez efile Corporations. 1040ez efile   A corporation may elect to deduct qualified cash contributions without regard to the 10% taxable income limit if the contributions were made after August 27, 2005, and before January 1, 2006, to a qualified charitable organization (other than certain private foundations described in section 509(a)(3)), for Hurricane Katrina, Rita, or Wilma relief efforts. 1040ez efile The corporation's deduction for these qualified contributions is limited to 100% of taxable income (as modified for the 10% limit) minus the corporation's deduction for all other charitable contributions. 1040ez efile Any qualified contributions over this limit can be carried over to the next 5 years, subject to the 10% limit. 1040ez efile Partners and shareholders. 1040ez efile   Each partner in a partnership and each shareholder in an S corporation makes a separate election to have the appropriate limit not apply. 1040ez efile More information. 1040ez efile   For more information, see Publication 526 or Publication 542, Corporations. 1040ez efile Publication 526 includes a worksheet you can use to figure your deduction if any limits apply to your charitable contributions. 1040ez efile Standard Mileage Rate for Charitable Use of Vehicles The following are special standard mileage rates in effect in 2005 and 2006 for the cost of operating your automobile for providing charitable services solely related to Hurricane Katrina. 1040ez efile 29 cents per mile for the period August 25 through August 31, 2005. 1040ez efile 34 cents per mile for the period September 1 through December 31, 2005. 1040ez efile 32 cents per mile for the period January 1 through December 31, 2006. 1040ez efile Mileage Reimbursements to Charitable Volunteers You can exclude from income amounts you receive as mileage reimbursements for the use of a private passenger automobile for the benefit of a qualified charitable organization in providing relief related to Hurricane Katrina during the period beginning on August 25, 2005, and ending on December 31, 2006. 1040ez efile You cannot claim a deduction or credit for amounts you receive as a mileage reimbursement. 1040ez efile You must keep records of miles driven, time, place (or use), and purpose of the mileage. 1040ez efile The amount you can exclude from income cannot exceed the standard business mileage rate (shown below) for expenses incurred during the following periods. 1040ez efile 40. 1040ez efile 5 cents per mile for the period August 25 through August 31, 2005. 1040ez efile 48. 1040ez efile 5 cents per mile for the period September 1 through December 31, 2005. 1040ez efile 44. 1040ez efile 5 cents per mile for the period January 1 through December 31, 2006. 1040ez efile Charitable Deduction for Contributions of Food Inventory Any taxpayer engaged in a trade or business is eligible to claim a deduction for a contribution of “apparently wholesome food” inventory to a qualified charitable organization described in section 501(c)(3) (except for private nonoperating foundations) after August 27, 2005, and before January 1, 2006. 1040ez efile “Apparently wholesome food” is food that meets all quality and labeling standards imposed by federal, state, and local laws and regulations even though the food may not be readily marketable due to appearance, age, freshness, grade, size, surplus, or other conditions. 1040ez efile The deduction is equal to the lesser of: The basis of the donated food plus one-half of the gain that would have been realized if the donated food had been sold at fair market value on the date of the donation, or Two times the basis of the donated food. 1040ez efile The taxpayer must receive written certification from the donee stating: The donated food is related to the purpose or function of the donee's basis for exemption under section 501(c)(3) and is to be used solely for the care of the ill, the needy, or infants; and The food was not given in exchange for money, other property, or services. 1040ez efile For a taxpayer other than a C corporation, the deduction is limited to 10% of the taxpayer's total net income from all trades or businesses from which the food contributions were made (figured without regard to the deduction for charitable contributions). 1040ez efile For example, if a taxpayer is a sole proprietor, a shareholder in an S corporation, and a partner in a partnership, and each made a contribution of apparently wholesome food inventory, the taxpayer's deduction is limited to 10% of the taxpayer's total net income from the sole proprietorship, S corporation, and partnership (figured without regard to the deduction for charitable contributions). 1040ez efile Charitable Deduction for Contributions of Book Inventories to Public Schools A corporation (other than an S corporation) may be allowed a charitable deduction for a qualified book contribution made after August 27, 2005, and before January 1, 2006, to a public school that: Provides elementary or secondary education (kindergarten through grade 12), and Normally maintains a regular faculty and curriculum and has a regular enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on. 1040ez efile . 1040ez efile The deduction is equal to the lesser of: The basis of the donated books plus one-half of the gain that would have been realized if the donated books had been sold at fair market value on the date of the donation, or Two times the basis of the donated books. 1040ez efile The corporation must receive written certification from the school stating that the donated books are suitable for the organization's educational programs and will be used for such programs. 1040ez efile Casualty and Theft Losses The following paragraphs explain changes to casualty and theft losses that were caused by Hurricane Katrina, Rita, or Wilma. 1040ez efile For more information, see Publication 547. 1040ez efile Limits on personal casualty or theft losses caused by Hurricane Katrina, Rita, or Wilma. 1040ez efile   The following losses to personal use property are not subject to the $100 or 10% of adjusted gross income limits. 1040ez efile Losses that arose in the Hurricane Katrina disaster area after August 24, 2005, and that were caused by Hurricane Katrina. 1040ez efile Losses that arose in the Hurricane Rita disaster area after September 22, 2005, and that were caused by Hurricane Rita. 1040ez efile Losses that arose in the Hurricane Wilma disaster area after October 22, 2005, and that were caused by Hurricane Wilma. 1040ez efile Qualifying losses include losses from flooding or other casualty, and from theft, that arose in the hurricane disaster area and that were caused by the hurricane. 1040ez efile Special instructions for individuals who elect to claim a Hurricane Katrina, Rita, or Wilma casualty or theft loss for 2004. 1040ez efile   Casualty and theft losses are generally deductible only in the year the casualty occurred or theft was discovered. 1040ez efile However, Hurricane Katrina, Rita, and Wilma are Presidentially declared disasters. 1040ez efile Therefore, you can elect to deduct losses from these hurricanes on your tax return for the previous year. 1040ez efile If you make this election, use the following additional instructions to complete your forms. 1040ez efile   Individuals filing or amending their 2004 tax return whose only casualty or theft losses to personal use property claimed on that return were caused by Hurricane Katrina, Rita, or Wilma should write “Hurricane Katrina,” “Hurricane Rita,” or “Hurricane Wilma” at the top of Form 1040 or 1040X. 1040ez efile They must also complete and attach the 2004 Form 4684 and write “Hurricane Katrina,”“Hurricane Rita,” or “Hurricane Wilma” on the dotted line next to line 11 and enter -0- on lines 11 and 17. 1040ez efile   Individuals filing or amending their 2004 tax return who also have casualty or theft losses to personal use property not related to Hurricane Katrina, Rita, or Wilma should disregard the caution directing taxpayers to use only one Form 4684, located above line 13, and complete lines 13 through 18 on two Forms 4684. 1040ez efile The Form 1040 or 1040X and the first Form 4684 should be prepared as explained above for Hurricane Katrina, Rita, or Wilma losses only. 1040ez efile The second Form 4684 should be prepared in the normal manner for all gains and non-Hurricane Katrina, Rita or Wilma losses. 1040ez efile If both Forms 4684 have a loss on line 18, they should carry the combined losses from that line to Schedule A (Form 1040), line 19. 1040ez efile If there is a gain on line 15 of the second Form 4684, disregard the instruction to enter it on Schedule D (Form 1040), and instead enter on Schedule A (Form 1040), line 19, the excess of the loss from the first Form 4684 over the gain on line 15 of the second Form 4684. 1040ez efile , Time limit for making election. 1040ez efile   You must make this election to claim your casualty or theft loss in 2004 by the later of the following dates. 1040ez efile The due date (without extensions) for filing your 2005 income tax return. 1040ez efile The due date (with extensions) for filing your 2004 income tax return. 1040ez efile Example. 1040ez efile If you are a calendar year individual taxpayer, you have until April 17, 2006, to amend your 2004 tax return to claim a casualty or theft loss that occurred during 2005. 1040ez efile Replacement Period for Nonrecognition of Gain Generally, an involuntary conversion occurs when property is damaged, destroyed, stolen, seized, requisitioned, or condemned, and you receive other property or money in payment, such as insurance or a condemnation award. 1040ez efile Generally, you do not have to report a gain (if any) if you replace the property within 2 years (4 years for a main home in a Presidentially declared disaster area). 1040ez efile However, for property that was involuntarily converted after August 24, 2005, as a result of Hurricane Katrina, a 5-year replacement period applies if substantially all of the use of the replacement property is in the Hurricane Katrina disaster area. 1040ez efile For more information, see the Instructions for Form 4684. 1040ez efile Net Operating Losses Qualified GO Zone loss. 1040ez efile   Generally, you can carry a net operating loss (NOL) back to the 2 tax years before the NOL year. 1040ez efile However, the portion of an NOL that is a qualified GO Zone loss can be carried back to the 5 tax years before the NOL year. 1040ez efile In addition, the 90% limit on the alternative tax NOL deduction (ATNOLD) does not apply to such portion of the ATNOLD. 1040ez efile   A qualified GO Zone loss is the smaller of: The excess of the NOL for the year over the specified liability loss for the year to which a 10-year carryback applies, or The total of the following deductions (to the extent they are taken into account in computing the NOL for the tax year): Qualified GO Zone casualty loss (as defined below), Moving expenses paid or incurred after August 27, 2005, and before January 1, 2008, for the employment of an individual whose main home was in the GO Zone before August 28, 2005, who was unable to remain in that home because of Hurricane Katrina, and whose main job location (after the move) is in the GO Zone, Temporary housing expenses paid or incurred after August 27, 2005, and before January 1, 2008, to house employees of the taxpayer whose main job location is in the GO Zone, Depreciation or amortization allowable for any qualified GO Zone property (even if you elected not to claim the special GO Zone depreciation allowance for such property) for the year placed in service, and Repair expenses (including expenses for the removal of debris) paid or incurred after August 27, 2005, and before January 1, 2008, for any damage from Hurricane Katrina to property located in the GO Zone. 1040ez efile Qualified GO Zone casualty loss. 1040ez efile   A qualified GO Zone casualty loss is any deductible section 1231 loss of property located in the GO Zone if the loss was caused by Hurricane Katrina. 1040ez efile For this purpose, the amount of the loss is reduced by any recognized gain from an involuntary conversion caused by Hurricane Katrina of property located in the GO Zone. 1040ez efile Any such loss taken into account in figuring your qualified GO Zone loss is not eligible for the election to be treated as having occurred in the previous tax year. 1040ez efile 5-year NOL carryback of certain timber losses. 1040ez efile   Generally, you can carry the portion of an NOL due to income and deductions attributable to a farming business back to the 5 tax years before the NOL year. 1040ez efile You can treat income and deductions attributable to qualified timber property as attributable to a farming business if any portion of the property is located in the GO Zone, Rita GO Zone, or Wilma GO Zone, and the income and deductions are allocable to the part of your tax year which is after the applicable date below. 1040ez efile August 27, 2005, if any portion of the property is located in the GO Zone. 1040ez efile September 22, 2005, if any portion of the property is located in the Rita GO Zone (but not in the GO Zone). 1040ez efile October 22, 2005, if any portion of the property is located in the Wilma GO Zone (but not in the GO Zone or the RITA GO Zone). 1040ez efile   These rules will not apply after 2006. 1040ez efile   However, these rules apply only to a timber producer who: Held qualified timber property (defined in Publication 535, Business Expenses) on the applicable date below: August 28, 2005, if any portion of the property is located in the GO Zone, September 23, 2005, if any portion of the property is located in the Rita GO Zone (but not in the GO Zone), or October 23, 2005, if any portion of the property is located in the Wilma GO Zone (but not in the GO Zone or the Rita GO Zone); Is not a corporation with stock publicly traded on an established securities market; Is not a real estate investment trust; and Did not hold more than 500 acres of qualified timber property on the applicable date above. 1040ez efile More information. 1040ez efile   For more information on NOLs, see Publication 536 or Publication 542, Corporations. 1040ez efile IRAs and Other Retirement Plans New rules provide for tax-favored withdrawals, repayments, and loans from certain retirement plans for taxpayers who suffered economic losses as a result of Hurricane Katrina, Rita, or Wilma. 1040ez efile Definitions Qualified hurricane distribution. 1040ez efile   A qualified hurricane distribution is any distribution you received from an eligible retirement plan if all of the following apply. 1040ez efile The distribution was made: After August 24, 2005, and before January 1, 2007, for Hurricane Katrina; After September 22, 2005, and before January 1, 2007, for Hurricane Rita; or After October 22, 2005, and before January 1, 2007, for Hurricane Wilma. 1040ez efile Your main home was located in a hurricane disaster area listed below on the date shown for that area. 1040ez efile August 28, 2005, for the Hurricane Katrina disaster area. 1040ez efile September 23, 2005, for the Hurricane Rita disaster area. 1040ez efile October 23, 2005, for the Hurricane Wilma disaster area. 1040ez efile You sustained an economic loss because of Hurricane Katrina, Rita, or Wilma and your main home was in that hurricane disaster area on the date shown in (2) above for that hurricane. 1040ez efile Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. 1040ez efile   If (1) through (3) above apply, you can generally designate any distribution (including periodic payments and required minimum distributions) from an eligible retirement plan as a qualified hurricane distribution, regardless of whether the distribution was made on account of Hurricane Katrina, Rita, or Wilma. 1040ez efile Qualified hurricane distributions are permitted without regard to your need or the actual amount of your economic loss. 1040ez efile   The total of your qualified hurricane distributions from all plans is limited to $100,000. 1040ez efile If you have distributions in excess of $100,000 from more than one type of plan, such as a 401(k) plan and an IRA, you may allocate the $100,000 limit among the plans any way you choose. 1040ez efile   A reduction or offset (after August 24, 2005, for Katrina; after September 22, 2005, for Rita; or after October 22, 2005, for Wilma) of your account balance in an eligible retirement plan in order to repay a loan can also be designated as a qualified hurricane distribution. 1040ez efile Eligible retirement plan. 1040ez efile   An eligible retirement plan can be any of the following. 1040ez efile A qualified pension, profit-sharing, or stock bonus plan (including a 401(k) plan). 1040ez efile A qualified annuity plan. 1040ez efile A tax-sheltered annuity contract. 1040ez efile A governmental section 457 deferred compensation plan. 1040ez efile A traditional, SEP, SIMPLE, or Roth IRA. 1040ez efile Main home. 1040ez efile   Generally, your main home is the home where you live most of the time. 1040ez efile A temporary absence due to special circumstances, such as illness, education, business, military service, evacuation, or vacation, will not change your main home. 1040ez efile Taxation of Qualified Hurricane Distributions Qualified hurricane distributions are included in income in equal amounts over three years. 1040ez efile However, if you elect, you can include the entire distribution in your income in the year it was received. 1040ez efile Qualified hurricane distributions are not subject to the additional 10% tax (or the additional 25% tax for certain distributions from SIMPLE IRAs) on early distributions from qualified retirement plans (including IRAs). 1040ez efile However, any distributions you receive in excess of the $100,000 qualified hurricane distribution limit may be subject to the additional tax on early distributions. 1040ez efile For more information, see Form 8915. 1040ez efile Repayment of Qualified Hurricane Distributions If you choose, you generally can repay any portion of a qualified hurricane distribution that is eligible for tax-free rollover treatment to an eligible retirement plan. 1040ez efile Also, you can repay a qualified hurricane distribution made on account of a hardship from a retirement plan. 1040ez efile However, see Exceptions below for qualified hurricane distributions you cannot repay. 1040ez efile You have three years from the day after the date you received the distribution to make a repayment. 1040ez efile Amounts that are repaid are treated as a qualified rollover and are not included in income. 1040ez efile Also, for purposes of the one-rollover-per-year limitation for IRAs, a repayment to an IRA is not considered a qualified rollover. 1040ez efile See Form 8915 for more information on how to report repayments. 1040ez efile Exceptions. 1040ez efile   You cannot repay the following types of distributions. 1040ez efile Qualified hurricane distributions received as a beneficiary (other than a surviving spouse). 1040ez efile Required minimum distributions. 1040ez efile Periodic payments (other than from an IRA) that are for: A period of 10 years or more, Your life or life expectancy, or The joint lives or joint life expectancies of you and your beneficiary. 1040ez efile Repayment of Qualified Distributions for the Purchase or Construction of a Main Home If you received a qualified distribution to purchase or construct a main home in the Hurricane Katrina, Rita, or Wilma disaster area, you can repay that distribution before March 1, 2006, to an eligible retirement plan after August 24, 2005 (Katrina); after September 22, 2005 (Rita); or after October 22, 2005 (Wilma). 1040ez efile For this purpose, an eligible retirement plan is any plan, annuity, or IRA to which a qualified rollover can be made. 1040ez efile To be a qualified distribution, the distribution must meet all of the following requirements. 1040ez efile The distribution is a hardship distribution from a 401(k) plan, a hardship distribution from a tax-sheltered annuity contract, or a qualified first-time homebuyer distribution from an IRA. 1040ez efile The distribution was received in 2005 after February 28 and before: August 29 for Hurricane Katrina; September 24 for Hurricane Rita; or October 24 for Hurricane Wilma. 1040ez efile The distribution was to be used to purchase or construct a main home in the Hurricane Katrina, Rita, or Wilma disaster area that was not purchased or constructed because of Hurricane Katrina, Rita, or Wilma. 1040ez efile Amounts that are repaid before March 1, 2006, are treated as a qualified rollover and are not included in income. 1040ez efile Also, for purposes of the one-rollover-per-year limitation for IRAs, a repayment to an IRA is not considered a qualified rollover. 1040ez efile A qualified distribution not repaid before March 1, 2006, may be taxable for 2005 and subject to the additional 10% tax (or the additional 25% tax for certain SIMPLE IRAs) on early distributions. 1040ez efile You must file Form 8915 if you received a qualified distribution that you repaid, in whole or in part, before March 1, 2006. 1040ez efile Loans From Qualified Plans The following benefits are available to qualified individuals. 1040ez efile Increases to the limits for distributions treated as loans from employer plans. 1040ez efile A 1-year suspension for payments due on plan loans. 1040ez efile Qualified individual. 1040ez efile   You are a qualified individual if any of the following apply. 1040ez efile Your main home on August 28, 2005, was located in the Hurricane Katrina disaster area and you had an economic loss because of Hurricane Katrina. 1040ez efile Your main home on September 23, 2005, was located in the Hurricane Rita disaster area and you had an economic loss because of Hurricane Rita. 1040ez efile Your main home on October 23, 2005, was located in the Hurricane Wilma disaster area and you had an economic loss because of Hurricane Wilma. 1040ez efile Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. 1040ez efile Limits on plan loans. 1040ez efile   The $50,000 limit for distributions treated as plan loans is increased to $100,000. 1040ez efile In addition, the limit based on 50% of your vested accrued benefit is increased to 100% of that benefit. 1040ez efile The higher limits apply only to loans received during the following period. 1040ez efile If your main home was located in the Hurricane Katrina disaster area, the period began on September 24, 2005, and ends on December 31, 2006. 1040ez efile If your main home was located in the Hurricane Rita or Wilma disaster area, the period began on December 21, 2005, and ends on December 31, 2006. 1040ez efile If you are a qualified individual based on Hurricane Katrina and another hurricane, use the period based on Hurricane Katrina. 1040ez efile One-year suspension of loan payments. 1040ez efile   Payments on plan loans due before 2007 may be suspended for 1 year by the plan administrator. 1040ez efile To qualify for the suspension, the due date for any loan payment must occur during the period beginning on: August 28, 2005, if your main home was located in the Hurricane Katrina disaster area. 1040ez efile September 23, 2005, if your main home was located in the Hurricane Rita disaster area. 1040ez efile October 23, 2005, if your main home was located in the Hurricane Wilma disaster area. 1040ez efile If you are a qualified individual based on more than one hurricane, use the period with the earliest beginning date. 1040ez efile Additional Tax Relief for Individuals Earned Income Credit and Child Tax Credit You can elect to use your 2004 earned income to figure your earned income credit (EIC) and additional child tax credit for 2005 if: Your 2005 earned income is less than your 2004 earned income, and At least one of the following statements is true. 1040ez efile Your main home on August 25, 2005, was in the Gulf Opportunity (GO) Zone. 1040ez efile Your main home on August 25, 2005, was in the Hurricane Katrina disaster area and you were displaced from that home because of Hurricane Katrina. 1040ez efile Your main home on September 23, 2005, was in the Rita GO Zone. 1040ez efile Your main home on September 23, 2005, was in the Hurricane Rita disaster area and you were displaced from that home because of Hurricane Rita. 1040ez efile Your main home on October 23, 2005, was in the Wilma GO Zone. 1040ez efile Your main home on October 23, 2005, was in the Hurricane Wilma disaster area and you were displaced from that home because of Hurricane Wilma. 1040ez efile Earned income. 1040ez efile    For the purpose of this election, your earned income for both the EIC and the additional child tax credit is the amount of earned income used to figure your EIC, even if you did not take the EIC and even if that amount is different than your earned income for the additional child tax credit. 1040ez efile If you are claiming only the additional child tax credit, you must figure the amount of your earned income for EIC purposes to determine your eligibility to make the election and the amount of the credit. 1040ez efile Joint returns. 1040ez efile   If you file a joint return, you qualify to make this election even if only one spouse meets the requirements. 1040ez efile If you make the election, your 2004 earned income is the sum of your 2004 earned income and your spouse's 2004 earned income. 1040ez efile Making the election. 1040ez efile   If you make the election to use your 2004 earned income, the election applies for figuring both the EIC and the additional child tax credit. 1040ez efile However, you can make the election for the additional child tax credit even if you do not take the EIC. 1040ez efile   Electing to use your 2004 earned income may increase or decrease your EIC. 1040ez efile Take the following steps to decide whether to make the election. 1040ez efile Figure your 2005 EIC using your 2004 earned income. 1040ez efile Figure your 2005 additional child tax credit using your 2004 earned income for EIC purposes. 1040ez efile Add the results of (1) and (2). 1040ez efile Figure your 2005 EIC using your 2005 earned income. 1040ez efile Figure your 2005 additional child tax credit using your 2005 earned income for additional child tax credit purposes. 1040ez efile Add the results of (4) and (5). 1040ez efile Compare the results of (3) and (6). 1040ez efile If (3) is larger than (6), it is to your benefit to make the election. 1040ez efile If (3) is equal to or smaller than (6), making the election will not help you. 1040ez efile   If you elect to use your 2004 earned income and you are claiming the EIC, enter “PYEI” and the amount of your 2004 earned income on the dotted line next to line 66a of Form 1040, on the line next to line 41a of Form 1040A, or in the space to the left of line 8a of Form 1040EZ. 1040ez efile   If you elect to use your 2004 earned income and you are claiming the additional child tax credit, enter your 2004 earned income for EIC purposes (even if you did not claim the EIC) on Form 8812, Additional Child Tax Credit, line 4a, and check the box on that line. 1040ez efile   Because Form 8812 was released before the GO Zone legislation was enacted, the instructions refer only to individuals whose main home was in the Hurricane Katrina disaster area. 1040ez efile When completing Form 8812, line 4a, use the above rules to determine your eligibility to make the election (instead of the Form 8812 instructions). 1040ez efile Getting your 2004 tax return information. 1040ez efile   If you do not have your 2004 tax records, you can get the amount of earned income used to figure your 2004 EIC by calling 1-866-562-5227. 1040ez efile You can also get this information by visiting the IRS website at www. 1040ez efile irs. 1040ez efile gov. 1040ez efile   If you prefer to figure your 2004 earned income yourself, copies or transcripts of your filed and processed tax returns can help you reconstruct your tax records. 1040ez efile See Request for Copy or Transcript of Tax Return on page 16. 1040ez efile Additional Exemption for Housing Individuals Displaced by Hurricane Katrina You may be able to claim an additional exemption amount of $500 for providing housing in your main home for each individual displaced by Hurricane Katrina. 1040ez efile The additional exemption amount is claimed on new Form 8914. 1040ez efile The additional exemption amount is allowable once per taxpayer for a specific individual in 2005 or 2006, but not in both years. 1040ez efile The maximum additional exemption amount you can claim for all displaced individuals is $2,000 ($1,000 if married filing separately). 1040ez efile The additional exemption amount you claim for displaced individuals in 2005 will reduce the $2,000 maximum for 2006. 1040ez efile If two or more taxpayers share the same main home, only one taxpayer in that main home can claim the additional exemption amount for a specific displaced individual. 1040ez efile If married filing separately, only one spouse may claim the additional exemption amount for a specific displaced individual. 1040ez efile In order for you to be considered to have provided housing, you must have a legal interest in the main home (that is, own or rent the home). 1040ez efile To qualify as a displaced individual, the individual: Must have had his or her main home in the Hurricane Katrina disaster area on August 28, 2005, and he or she must have been displaced from that home. 1040ez efile If the individual's main home was located outside the core disaster area, that home must have been damaged by Hurricane Katrina or the individual must have been evacuated from that home because of Hurricane Katrina, Must have been provided housing in your main home for a period of at least 60 consecutive days ending in the tax year in which the exemption is claimed, and Cannot be your spouse or dependent. 1040ez efile You cannot claim the additional exemption amount if you received rent (or any other amount) from any source for providing the housing. 1040ez efile You are permitted to receive payments or reimbursements that do not relate to normal housing costs, including the following. 1040ez efile Food, clothing, or personal items consumed or used by the displaced individual. 1040ez efile Reimbursement for the cost of any long distance telephone calls made by the displaced individual. 1040ez efile Reimbursement for the cost of gasoline for the displaced individual's use of your vehicle. 1040ez efile However, you cannot claim the additional exemption amount if you received any reimbursement for the extra costs of heat, electricity, or water used by the displaced individual. 1040ez efile Also, you must report on Form 8914 the displaced individual's social security number or individual taxpayer identification number to claim an additional exemption amount. 1040ez efile For more information, see Form 8914. 1040ez efile Education Credits The education credits have been expanded for students attending an eligible educational institution located in the Gulf Opportunity Zone (GOZ students) for any tax year beginning in 2005 or 2006. 1040ez efile The Hope credit for a GOZ student is increased to 100% of the first $2,000 in qualified education expenses and 50% of the next $2,000 of qualified education expenses for a maximum credit of $3,000 per student. 1040ez efile The lifetime learning credit rate for a GOZ student is increased from 20% to 40%. 1040ez efile The definition of qualified education expenses for a GOZ student also has been expanded. 1040ez efile In addition to tuition and fees required for the student's enrollment or attendance at an eligible educational institution, qualified education expenses for a GOZ student include the following. 1040ez efile Books, supplies, and equipment required for enrollment or attendance at an eligible educational institution. 1040ez efile For a special needs student, expenses that are necessary for that person's enrollment or attendance at an eligible educational institution. 1040ez efile For a student who is at least a half-time student, the reasonable costs of room and board, but only to the extent that the costs are not more than the greater of the following two amounts. 1040ez efile The allowance for room and board, as determined by the eligible educational institution, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student. 1040ez efile The actual amount charged if the student is residing in housing owned or operated by the eligible educational institution. 1040ez efile You will need to contact the eligible educational institution for qualified room and board costs. 1040ez efile For more information, see Form 8863. 1040ez efile Recapture of Federal Mortgage Subsidy Generally, if you financed your home under a federally subsidized program (loans from tax-exempt qualified mortgage bonds or loans with mortgage credit certificates), you may have to recapture all or part of the benefit you received from that program when you sell or otherwise dispose of your home. 1040ez efile However, you do not have to recapture any benefit if your mortgage loan was a qualified home improvement loan of not more than $15,000. 1040ez efile This amount is increased to $150,000 if the loan was provided before 2011 and was used to: Repair damage caused by Hurricane Katrina to a residence in the Hurricane Katrina disaster area, or Alter, repair, or improve an existing owner-occupied residence in the GO Zone, Rita GO Zone, or Wilma GO Zone. 1040ez efile Exclusion of Certain Cancellations of Indebtedness by Reason of Hurricane Katrina Generally, discharges of nonbusiness debts (such as mortgages) made after August 24, 2005, and before January 1, 2007, are excluded from income for individuals whose main home was in the Hurricane Katrina disaster area on August 25, 2005. 1040ez efile If the individual's main home was located outside the core disaster area, the individual also must have had an economic loss because of Hurricane Katrina. 1040ez efile Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. 1040ez efile This relief does not apply to any debt secured by real property located outside the Hurricane Katrina disaster area. 1040ez efile You may also have to reduce certain tax attributes by the amount excluded. 1040ez efile For more information, see Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment). 1040ez efile Tax Relief for Temporary Relocation Under the Gulf Opportunity Zone Act of 2005, the IRS may adjust the internal revenue laws to ensure that taxpayers do not lose a deduction or credit or experience a change of filing status in 2005 or 2006 as a result of a temporary relocation caused by Hurricane Katrina, Rita, or Wilma. 1040ez efile However, any such adjustment must ensure that an individual is not taken into account by more than one taxpayer for the same tax benefit. 1040ez efile The IRS has exercised this authority as follows. 1040ez efile In determining whether you furnished over one-half of the cost of maintaining a household, you can exclude from total household costs any assistance received from the government or charitable organizations because you were temporarily relocated as a result of Hurricane Katrina, Rita, or Wilma. 1040ez efile In determining whether you provided more than one-half of an individual's support, you can disregard any assistance received from the government or charitable organizations because you were temporarily relocated as a result of Hurricane Katrina, Rita, or Wilma. 1040ez efile You can treat as a student an individual who enrolled in school before August 25, 2005, and who is unable to attend classes because of Hurricane Katrina, for each month of the enrollment period that individual is prevented by Hurricane Katrina from attending school as planned. 1040ez efile You can treat as a student an individual who enrolled in school before September 23, 2005, and who is unable to attend classes because of Hurricane Rita, for each month of the enrollment period that individual is prevented by Hurricane Rita from attending school as planned. 1040ez efile You can treat as a student an individual who enrolled in school before October 23, 2005, and who is unable to attend classes because of Hurricane Wilma, for each month of the enrollment period that individual is prevented by Hurricane Wilma from attending school as planned. 1040ez efile Additional Tax Relief for Businesses Special Depreciation Allowance You can take a special depreciation allowance for qualified Gulf Opportunity (GO) Zone property (as defined below) you place in service after August 27, 2005. 1040ez efile The allowance is an additional deduction of 50% of the property's depreciable basis (after any section 179 deduction and before figuring your regular depreciation deduction). 1040ez efile The special allowance applies only for the first year the property is placed in service. 1040ez efile The allowance is deductible for both the regular tax and the alternative minimum tax (AMT). 1040ez efile There is no AMT adjustment required for any depreciation figured on the remaining basis of the property. 1040ez efile You can elect not to deduct the special GO Zone depreciation allowance for qualified property. 1040ez efile If you make this election for any property, it applies to all property in the same class placed in service during the year. 1040ez efile Qualified GO Zone property. 1040ez efile   Property that qualifies for the special GO Zone depreciation allowance includes the following. 1040ez efile Tangible property depreciated under the modified accelerated cost recovery system (MACRS) with a recovery period of 20 years or less. 1040ez efile Water utility property. 1040ez efile Computer software that is readily available for purchase by the general public, is subject to a nonexclusive license, and has not been substantially modified. 1040ez efile (The cost of some computer software is treated as part of the cost of hardware and is depreciated under MACRS. 1040ez efile ) Qualified leasehold improvement property. 1040ez efile Nonresidential real property and residential rental property. 1040ez efile   For more information on this property, see Publication 946. 1040ez efile Other tests to be met. 1040ez efile   To be qualified GO Zone property, the property must also meet all of the following tests. 1040ez efile You must have acquired the property, by purchase, after August 27, 2005, but only if no binding written contract for the acquisition was in effect before August 28, 2005. 1040ez efile The property must be placed in service before 2008 (2009 in the case of nonresidential real property and residential rental property). 1040ez efile Substantially all of the use of the property must be in the GO Zone and in the active conduct of your trade or business in the GO Zone. 1040ez efile The original use of the property in the GO Zone must begin with you after August 27, 2005. 1040ez efile Used property can be qualified GO Zone property if it has not previously been used within the GO Zone. 1040ez efile Also, additional capital expenditures you incurred after August 27, 2005, to recondition or rebuild your property meet the original use test if the original use of the property in the GO Zone began with you. 1040ez efile Excepted property. 1040ez efile   Qualified GO Zone property does not include any of the following. 1040ez efile Property required to be depreciated using the Alternative Depreciation System (ADS). 1040ez efile Property any portion of which is financed with the proceeds of a tax-exempt obligation under section 103. 1040ez efile Property for which you are claiming a commercial revitalization deduction. 1040ez efile Any property used in connection with any private or commercial golf course, country club, massage parlor, hot tub facility, suntan facility, or any store, the principal business of which is the sale of alcoholic beverages for consumption off premises. 1040ez efile Any gambling or animal racing property (as defined below). 1040ez efile Property in the same class as that for which you elected not to claim the special GO Zone depreciation allowance. 1040ez efile   Gambling or animal racing property is: Any equipment, furniture, software, or other property used directly in connection with gambling, the racing of animals, or the on-site viewing of such racing, and The portion of any real property (determined by square footage) that is dedicated to gambling, the racing of animals, or the on-site viewing of such racing, unless this portion is less than 100 square feet. 1040ez efile Recapture of special allowance. 1040ez efile   If, in any year after the year you claim the special allowance, the property ceases to be qualified GO Zone property, you may have to recapture as ordinary income any excess benefit you received from claiming the special allowance. 1040ez efile Increased Section 179 Deduction An increased section 179 deduction is allowable for qualified section 179 Gulf Opportunity (GO) Zone property (as defined later) placed in service in the GO Zone. 1040ez efile Increased dollar limit. 1040ez efile   The limit on the section 179 deduction ($105,000 for 2005, $108,000 for 2006) for qualified section 179 GO Zone property acquired after August 27, 2005, is increased by the smaller of: $100,000, or The cost of qualified section 179 GO Zone property placed in service during the year (including such property placed in service by your spouse, even if you are filing a separate return). 1040ez efile   The amount for which you can make the election is reduced if the cost of all qualified section 179 GO Zone property you placed in service during the year exceeds $420,000 for 2005 ($430,000 for 2006) increased by the smaller of: $600,000, or The cost of qualified section 179 GO Zone property placed in service during the year. 1040ez efile Qualified section 179 GO Zone property. 1040ez efile   Qualified section 179 GO Zone property is section 179 property that is qualified GO Zone property (explained earlier under Special Depreciation Allowance). 1040ez efile Section 179 property does not include nonresidential real property or residential rental property. 1040ez efile For more information, including the requirements that must be met for property to qualify for the section 179 deduction, see chapter 2 of Publication 946. 1040ez efile Work Opportunity Credit For the work opportunity credit, the definition of “targeted group employee” has been expanded to include a Hurricane Katrina employee. 1040ez efile Hurricane Katrina employee. 1040ez efile   A Hurricane Katrina employee is: A person who, on August 28, 2005, had a main home in the core disaster area and, within a two-year period beginning on that date, is hired to perform services principally in the core disaster area; or A person who, on August 28, 2005, had a main home in the core disaster area, was displaced from that main home as a result of Hurricane Katrina, and was hired during the period beginning on August 28, 2005, and ending on December 31, 2005. 1040ez efile Qualified wages. 1040ez efile   Generally, qualified wages do not include wages you paid to a targeted group employee who worked for you previously. 1040ez efile However, wages will qualify if: You paid them to an employee who is a Hurricane Katrina employee, The employee was not in your employment on August 28, 2005, and This is your first hire of the employee as a Hurricane Katrina employee after August 28, 2005. 1040ez efile   For more information, see Form 5884. 1040ez efile Certification requirements. 1040ez efile   An employee must provide to the employer reasonable evidence that he or she is a Hurricane Katrina employee. 1040ez efile An employer may accept a completed Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity and Welfare-to-Work Credits, as such evidence. 1040ez efile The certification requirements described in Form 8850 do not apply to a Hurricane Katrina employee. 1040ez efile Do not send any Forms 8850 that have only box 1 checked to the state employment security agency. 1040ez efile Instead, the employer should keep these Forms 8850 with the employer's other records. 1040ez efile For more information, see Form 8850 and its instructions. 1040ez efile Employee Retention Credit An eligible employer who conducted an active trade or business in the Gulf Opportunity (GO) Zone, the Rita GO Zone, or the Wilma GO Zone can claim the employee retention credit. 1040ez efile The credit is 40% of qualified wages for each eligible employee (up to a maximum of $6,000 in qualified wages per employee). 1040ez efile Generally, you must reduce your deduction for salaries and wages by the amount of this credit (before the tax liability limit). 1040ez efile Use Form 5884-A to claim the credit. 1040ez efile See the following rules and definitions for each hurricane. 1040ez efile Employers affected by Hurricane Katrina. 1040ez efile   The following definitions apply to employers affected by Hurricane Katrina. 1040ez efile Eligible employer. 1040ez efile   For this purpose, an eligible employer is any employer who conducted an active trade or business on August 28, 2005, in the GO Zone and whose trade or business was inoperable on any day after August 28, 2005, and before January 1, 2006, because of damage caused by Hurricane Katrina. 1040ez efile Eligible employee. 1040ez efile   For this purpose, an eligible employee is an employee whose principal place of employment on August 28, 2005, with such eligible employer was in the GO Zone. 1040ez efile An employee is not an eligible employee for purposes of Hurricane Katrina if the employee is treated as an eligible employee for the work opportunity credit. 1040ez efile Employers affected by Hurricane Rita. 1040ez efile   The following definitions apply to employers affected by Hurricane Rita. 1040ez efile Eligible employer. 1040ez efile   For this purpose, an eligible employer is any employer who conducted an active trade or business on September 23, 2005, in the Rita GO Zone and whose trade or business was inoperable on any day after September 23, 2005, and before January 1, 2006, because of damage caused by Hurricane Rita. 1040ez efile Eligible employee. 1040ez efile   For this purpose, an eligible employee is an employee whose principal place of employment on September 23, 2005, with such eligible employer was in the Rita GO Zone. 1040ez efile An employee is not an eligible employee for purposes of Hurricane Rita if the employee is treated as an eligible employee for the work opportunity credit or the Hurricane Katrina employee retention credit. 1040ez efile Employers affected by Hurricane Wilma. 1040ez efile   The following definitions apply to employers affected by Hurricane Wilma. 1040ez efile Eligible employer. 1040ez efile   For this purpose, an eligible employer is any employer who conducted an active trade or business on October 23, 2005, in the Wilma GO Zone and whose trade or business was inoperable on any day after October 23, 2005, and before January 1, 2006, because of damage caused by Hurricane Wilma. 1040ez efile Eligible employee. 1040ez efile   For this purpose, an eligible employee is an employee whose principal place of employment on October 23, 2005, with such eligible employer was in the Wilma GO Zone. 1040ez efile An employee is not an eligible employee for purposes of Hurricane Wilma if the employee is treated as an eligible employee for the work opportunity credit or the Hurricane Katrina or Rita employee retention credit. 1040ez efile Qualified wages. 1040ez efile   Qualified wages are wages you paid or incurred before January 1, 2006, (up to $6,000 per employee) for an eligible employee beginning on the date your trade or business first became inoperable at the employee's principal place of employment immediately before the applicable hurricane, and ending on the date your trade or business resumed significant operations at that place. 1040ez efile In addition, the wages must have been paid or incurred after the following date. 1040ez efile August 28, 2005, for Hurricane Katrina. 1040ez efile September 23, 2005, for Hurricane Rita. 1040ez efile October 23, 2005, for Hurricane Wilma. 1040ez efile    This includes wages paid even if the employee performed no services, performed services at a place of employment other than the principal place of employment, or performed services at the principal place of employment before significant operations resumed. 1040ez efile    Wages qualifying for the credit generally have the same meaning as wages subject to the Federal Unemployment Tax Act (FUTA). 1040ez efile Qualified wages also include amounts you paid for medical or hospitalization expenses in connection with sickness or accident disability. 1040ez efile Qualified wages for any employee must be reduced by the amount of any work supplementation payment you received under the Social Security Act. 1040ez efile   For agricultural employees, if the work performed by any employee during more than half of any pay period qualified under FUTA as agricultural labor, that employee's wages subject to social security and Medicare taxes are qualified wages. 1040ez efile For a special rule that applies to railroad employees, see section 51(h)(1)(B). 1040ez efile   Qualified wages do not include the following. 1040ez efile Wages paid to your dependent or a related individual. 1040ez efile See section 51(i)(1). 1040ez efile Wages paid to any employee during the period for which you received payment for the employee from a federally funded on-the-job training program. 1040ez efile Wages for services of replacement workers during a strike or lockout. 1040ez efile   For more information, see Form 5884-A. 1040ez efile Hurricane Katrina Housing Credit An employer who conducted an active trade or business in the Gulf Opportunity (GO) Zone can claim the Hurricane Katrina housing credit. 1040ez efile The credit is equal to 30% of the value (up to $600 per month per employee) of in-kind lodging furnished to a qualified employee (and the employee's spouse or dependents) from January 1, 2006, through July 1, 2006. 1040ez efile The value of the lodging is excluded from the income of the qualified employee but is treated as wages for purposes of taxes imposed under the Federal Insurance Contributions Act (FICA) and the Federal Unemployment Tax Act (FUTA). 1040ez efile Generally, you must reduce your deduction for salaries and wages by the amount of this credit (before the tax liability limit). 1040ez efile The employer must use Form 5884-A to claim the credit. 1040ez efile A qualified employee is an individual who had a main home in the GO Zone on August 28, 2005, and who performs substantially all employment services in the GO Zone for the employer furnishing the lodging. 1040ez efile The employee cannot be your dependent or a related individual. 1040ez efile See section 51(i)(1). 1040ez efile For more information, see Form 5884-A. 1040ez efile Reforestation Costs You may be able to elect to deduct a limited amount of reforestation costs for each qualified timber property. 1040ez efile The deduction for any tax year generally is limited to $10,000 ($5,000 if married filing separately, $0 for a trust). 1040ez efile However, this limit is increased if you paid or incurred reforestation costs after the applicable date below and any portion of the qualified timber property is located in one of the following areas. 1040ez efile August 27, 2005, if any portion of the property is located in the GO Zone. 1040ez efile September 22, 2005, if any portion of the property is located in the Rita GO Zone (but not in the GO Zone). 1040ez efile October 22, 2005, if any portion of the property is located in the Wilma GO Zone. 1040ez efile The limit for each qualified timber property is increased by the smaller of: $10,000 ($5,000 if married filing separately, $0 for a trust), or The amount of reforestation costs you paid or incurred after the applicable date for the qualified timber property, any portion of which is located in the zone described above. 1040ez efile The increase in the limit applies only to costs paid or incurred before 2008. 1040ez efile However, these rules do not apply to any timber producer who: Held more than 500 acres of qualified timber property at any time during the tax year, Is a corporation with stock publicly traded on an established securities market, or Is a real estate investment trust. 1040ez efile For more information about the election to deduct reforestation costs, see chapter 8 in Publication 535, Business Expenses. 1040ez efile Demolition and Clean-up Costs You can elect to deduct 50% of any qualified GO Zone clean-up costs for the tax year in which the costs are paid or incurred, instead of capitalizing them. 1040ez efile Qualified GO Zone clean-up costs are any amounts paid or incurred after August 27, 2005, and before January 1, 2008, for the removal of debris from, or the demolition of structures on, real property located in the GO Zone that is: Held by you for use in a trade or business or for the production of income, or Inventory or other property held primarily for sale to customers in the ordinary course of your trade or business. 1040ez efile Increase in Rehabilitation Tax Credit The rehabilitation credit is increased for qualified rehabilitation expenditures paid or incurred after August 27, 2005, and before January 1, 2009, on buildings located in the GO Zone as follows. 1040ez efile For pre-1936 buildings (other than certified historic structures), the credit percentage is increased from 10% to 13%. 1040ez efile For certified historic structures, the credit percentage is increased from 20% to 26%. 1040ez efile For more information, see Form 3468, Investment Credit. 1040ez efile Request for Copy or Transcript of Tax Return Request for copy of tax return. 1040ez efile   You can use Form 4506 to order a copy of your tax return. 1040ez efile Generally, there is a $39. 1040ez efile 00 fee for requesting each copy of a tax return. 1040ez efile If your main home, principal place of business, or tax records are located in a Presidentially declared disaster area, the fee will be waived if the assigned disaster designation (for example, “Hurricane Katrina”) is written in red across the top of the form when filed. 1040ez efile Request for transcript of tax return. 1040ez efile   You can use Form 4506-T to order a free transcript of your tax return. 1040ez efile A transcript provides most of the line entries from a tax return and usually contains the information that a third party requires. 1040ez efile You can also call 1-800-829-1040 to order a transcript. 1040ez efile How To Get Tax Help Special IRS assistance. 1040ez efile   The IRS is providing special help for those affected by Hurricane Katrina, Rita, or Wilma, as well as survivors and personal representatives of the victims. 1040ez efile We have set up a special toll-free number for people who may have trouble filing or paying their taxes because they were affected by Hurricane Katrina, Rita, or Wilma, or who have other tax issues related to the hurricanes. 1040ez efile Call 1-866-562-5227 Monday through Friday In English-7 a. 1040ez efile m. 1040ez efile to 10 p. 1040ez efile m. 1040ez efile local time In Spanish-8 a. 1040ez efile m. 1040ez efile to 9:30 p. 1040ez efile m. 1040ez efile local time   The IRS website at www. 1040ez efile irs. 1040ez efile gov has notices and other tax relief information. 1040ez efile Check it periodically for any new guidance. 1040ez efile Other help from the IRS. 1040ez efile   You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get more information from the IRS in several ways. 1040ez efile By selecting the method that is best for you, you will have quick and easy access to tax help. 1040ez efile Contacting your Taxpayer Advocate. 1040ez efile   If you have attempted to deal with an IRS problem unsuccessfully, you should contact your Taxpayer Advocate. 1040ez efile   The Taxpayer Advocate independently represents your interests and concerns within the IRS by protecting your rights and resolving problems that have not been fixed through normal channels. 1040ez efile While Taxpayer Advocates cannot change the tax law or make a technical tax decision, they can clear up problems that resulted from previous contacts and ensure that your case is given a complete and impartial review. 1040ez efile   To contact your Taxpayer Advocate: Call the Taxpayer Advocate toll free at 1-877-777-4778. 1040ez efile Call, write, or fax the Taxpayer Advocate office in your area. 1040ez efile Call 1-800-829-4059 if you are a TTY/TDD user. 1040ez efile Visit www. 1040ez efile irs. 1040ez efile gov/advocate. 1040ez efile   For more information, see Publication 1546, How To Get Help With Unresolved Tax Problems (now available in Chinese, Korean, Russian, and Vietnamese, in addition to English and Spanish). 1040ez efile Free tax services. 1040ez efile   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. 1040ez efile It contains a list of free tax publications and an index of tax topics. 1040ez efile It also describes other free tax information services, including tax education and assistance programs and a list of TeleTax topics. 1040ez efile Internet. 1040ez efile You can access the IRS website 24 hours a day, 7 days a week, at www. 1040ez efile irs. 1040ez efile gov to: E-file your return. 1040ez efile Find out about commercial tax preparation and e-file services available free to eligible taxpayers. 1040ez efile Check the status of your refund. 1040ez efile Click on Where's My Refund. 1040ez efile Be sure to wait at least 6 weeks from the date you filed your return (3 weeks if you filed electronically). 1040ez efile Have your tax return available because you will need to know your social security number, your filing status, and the exact whole dollar amount of your refund. 1040ez efile Download forms, instructions, and publications. 1040ez efile Order IRS products online. 1040ez efile Research your tax questions online. 1040ez efile Search publications online by topic or keyword. 1040ez efile View Internal Revenue Bulletins (IRBs) published in the last few years. 1040ez efile Figure your withholdin
Print - Click this link to Print this page

Filing Information For Tax Pros & Partners

Modernized e-File (MeF) Program Information
Modernized e-File (MeF) is a web-based electronic filing system used to transmit business tax returns through the Internet.

Information for IRS e-file Providers
Individual and Business e-file Information for Tax Professionals, Electronic Return Originators, Intermediate Service Providers, Software Developers/Transmitters, and Reporting Agents.

PTIN Requirements for Tax Return Preparers
Regulations require all paid tax return preparers to obtain a PTIN. Preparers must renew their PTIN each year by December 31.

Information and Technical Guidance for Software Developers and Transmitters
This page provides information and techincal guidance for software developers and transmitters interested in developing software for the Modernized e-file Forms 2290, 720, and 8849.

Become an Authorized e-file Provider
Save money, increase your productivity and build your business, while providing a service the majority of taxpayers now expect.

Page Last Reviewed or Updated: 14-Mar-2014

The 1040ez Efile

1040ez efile Index Symbols 403(b) plans, 403(b) Plans A Accounting methods, Nonaccrual-Experience Method Acquisition date: Special depreciation allowance, Acquisition date test. 1040ez efile Special Liberty Zone depreciation allowance, Acquisition date test. 1040ez efile Annuities, tax-sheltered 403(b) plans, 403(b) Plans Assistance (see Tax help) Automobile (see Passenger automobile) B Bonds: New York Liberty, Tax Incentives for New York Liberty Zone Qualified zone academy, Issuance of Qualified Zone Academy Bonds C Car (see Passenger automobile) Car expenses, Car Expenses Catch-up contributions, 403(b), 403(b) Plans Child and dependent care, Child and Dependent Care Expenses Church employees and ministers, Years of service for church employees and ministers. 1040ez efile Clean-fuel vehicle, Electric and Clean-Fuel Vehicles Comments, Comments and suggestions. 1040ez efile Credit: Child and dependent care, Child and Dependent Care Expenses Credit for pension plan startup, Credit For Pension Plan Startup Costs Electric vehicles, Electric and Clean-Fuel Vehicles Indian employment, Indian Employment Credit Extended Renewable electricity production, Renewable Electricity Production Credit Welfare-to-work, Welfare-to-Work Credit Extended Work opportunity, Work Opportunity Credit Expanded in New York Liberty Zone , Work Opportunity Credit Extended D Deduction limit, automobile, Passenger Automobiles Deemed IRAs, Deemed IRAs Depletion, Depletion Depreciation: New property, Special Depreciation Allowance Property on reservations, Depreciation of Property Used on Indian Reservations Special depreciation allowance, Special Depreciation Allowance Special Liberty Zone depreciation allowance, Special Liberty Zone Depreciation Allowance Supplement to Publication 946, Depreciation E Election: Deemed not to claim special allowance, Deemed election. 1040ez efile Not to claim special allowance, Election Not To Claim the Allowance Not to claim special Liberty Zone allowance, Election Not To Claim the Liberty Zone Allowance Electric vehicle, Electric and Clean-Fuel Vehicles Eligible educator, Deduction for Educator Expenses Estimated tax payments, Adjusting your withholding or estimated tax payments for 2002. 1040ez efile Excepted property: Special depreciation allowance, Excepted Property Special Liberty Zone depreciation allowance, Excepted property. 1040ez efile F Foreign missionaries, Foreign missionaries. 1040ez efile Form 1099, Electronic Form 1099 Free tax services, How To Get Tax Help H Help (see Tax help) I Indian employment credit, Indian Employment Credit Extended Indian reservations, depreciation rules, Depreciation of Property Used on Indian Reservations IRAs, Deemed IRAs L Leasehold improvement property, defined, Qualified leasehold improvement property. 1040ez efile Liberty Zone leasehold improvement property: Defined, Qualified New York Liberty Zone leasehold improvement property. 1040ez efile Depreciated as 5-year property, Liberty Zone Leasehold Improvement Property Returns filed before June 1, 2002, Returns Filed Before June 1, 2002 Liberty Zone property: Increased section 179 dollar limit, Increased Dollar Limit Reduced section 179 dollar limit, Reduced Dollar Limit M Marginal production, Depletion More information (see Tax help) N Net operating losses, New 5-Year Carryback Rule for Net Operating Losses (NOLs), New 5-Year Carryback Rule for Net Operating Losses (NOLs) New York Liberty Zone: Area defined, New York Liberty Zone Benefits Leasehold improvement property, Liberty Zone Leasehold Improvement Property Section 179 deduction, Increased Section 179 Deduction Special depreciation, Special Liberty Zone Depreciation Allowance Tax incentives, Tax Incentives for New York Liberty Zone Work opportunity credit, Work Opportunity Credit Expanded in New York Liberty Zone NOLs, New 5-Year Carryback Rule for Net Operating Losses (NOLs), New 5-Year Carryback Rule for Net Operating Losses (NOLs) Nonaccrual-experience method, Nonaccrual-Experience Method Nonresidential real property, Nonresidential real property and residential rental property. 1040ez efile P Passenger automobile, limit on, Passenger Automobiles Pension plan startup costs, Credit For Pension Plan Startup Costs Placed in service date, Placed in service date test. 1040ez efile , Placed in service date test. 1040ez efile Plans, tax-sheltered annuities, 403(b) plans, 403(b) Plans Publications (see Tax help) Q Qualified leasehold improvement property, defined, Qualified leasehold improvement property. 1040ez efile Qualified Liberty Zone leasehold improvement property, Qualified New York Liberty Zone leasehold improvement property. 1040ez efile Qualified property: Increased section 179 deduction, Qualified property. 1040ez efile Special depreciation allowance, Qualified Property Special Liberty Zone depreciation allowance, Qualified Liberty Zone Property Qualified zone academy bonds, Issuance of Qualified Zone Academy Bonds R Recapture, section 179 deduction, Recapture Rules Renewable electricity, Renewable Electricity Production Credit Residential rental property, Nonresidential real property and residential rental property. 1040ez efile Rollovers, 403(b) plans, Rollovers to and from 403(b) plans. 1040ez efile S Section 1256 contracts, Wash Sale Rules Do Not Apply to Section 1256 Contracts Section 179 deduction: Increased dollar limit for Liberty Zone property, Increased Dollar Limit Reduced dollar limit for Liberty Zone property, Reduced Dollar Limit Returns filed before June 1, 2002, Returns Filed Before June 1, 2002 Simplified employee pensions (SEPs), Simplified Employee Pensions (SEPs) Special depreciation allowance: Election not to claim, Election Not To Claim the Allowance Excepted property, Excepted Property Qualified property, Qualified Property Requirements for claiming, Qualified Property Returns filed before June 1, 2002, Rules for Returns Filed Before June 1, 2002 Tests for qualification, Tests To Be Met Special Liberty Zone depreciation allowance: Election not to claim, Election Not To Claim the Liberty Zone Allowance Excepted property, Excepted property. 1040ez efile Qualified property, Qualified Liberty Zone Property Requirements for claiming, Qualified Liberty Zone Property Returns filed before June 1, 2002, Returns filed before June 1, 2002. 1040ez efile Tests for qualification, Tests to be met. 1040ez efile Substantial use, special Liberty Zone depreciation allowance, Substantial use test. 1040ez efile Suggestions, Comments and suggestions. 1040ez efile T Tax help, How To Get Tax Help Tax-sheltered annuity plans, 403(b) plans, 403(b) Plans Taxpayer Advocate, Contacting your Taxpayer Advocate. 1040ez efile Teachers, classroom materials, Deduction for Educator Expenses Tests for qualification, Tests To Be Met, Tests to be met. 1040ez efile TTY/TDD information, How To Get Tax Help W Wash sale rules, Wash Sale Rules Do Not Apply to Section 1256 Contracts Welfare-to-work credit, Welfare-to-Work Credit Extended Withholding, Adjusting your withholding or estimated tax payments for 2002. 1040ez efile Work opportunity credit, Work Opportunity Credit Expanded in New York Liberty Zone , Work Opportunity Credit Extended Y Years of service, church employees and ministers, Years of service for church employees and ministers. 1040ez efile Prev  Up     Home   More Online Publications