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1040ez Tax Booklet

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1040ez Tax Booklet

1040ez tax booklet 5. 1040ez tax booklet   Credits Table of Contents Credit for the Elderly or the DisabledCan You Take the Credit? Figuring the Credit Child and Dependent Care Credit Earned Income Credit (EIC)Do You Qualify for the Earned Income Credit (EIC)? Figuring the EIC This chapter briefly discusses the credit for the elderly or disabled, the child and dependent care credit, and the earned income credit. 1040ez tax booklet You may be able to reduce your federal income tax by claiming one or more of these credits. 1040ez tax booklet Credit for the Elderly or the Disabled This section explains who qualifies for the credit for the elderly or the disabled and how to figure this credit. 1040ez tax booklet For more information, see Publication 524, Credit for the Elderly or the Disabled. 1040ez tax booklet You can take the credit only if you file Form 1040 or Form 1040A. 1040ez tax booklet You cannot take the credit if you file Form 1040EZ or Form 1040NR. 1040ez tax booklet Can You Take the Credit? You can take the credit for the elderly or the disabled if you meet both of the following requirements. 1040ez tax booklet You are a qualified individual. 1040ez tax booklet Your income is not more than certain limits. 1040ez tax booklet  You can use Figure 5-A and Figure 5-B as guides to see if you are eligible for the credit. 1040ez tax booklet   Qualified Individual You are a qualified individual for this credit if you are a U. 1040ez tax booklet S. 1040ez tax booklet citizen or resident alien, and either of the following applies. 1040ez tax booklet You were age 65 or older at the end of 2013. 1040ez tax booklet You were under age 65 at the end of 2013 and all three of the following statements are true. 1040ez tax booklet You retired on permanent and total disability (explained later). 1040ez tax booklet You received taxable disability income for 2013. 1040ez tax booklet On January 1, 2013, you had not reached mandatory retirement age (defined later under Disability income ). 1040ez tax booklet Age 65. 1040ez tax booklet You are considered to be age 65 on the day before your 65th birthday. 1040ez tax booklet Therefore, you are considered to be age 65 at the end of 2013 if you were born before January 2, 1949. 1040ez tax booklet Figure 5-A. 1040ez tax booklet Are You a Qualified Individual? This image is too large to be displayed in the current screen. 1040ez tax booklet Please click the link to view the image. 1040ez tax booklet Figure 5-A, Are you a qualified individual? U. 1040ez tax booklet S. 1040ez tax booklet citizen or resident alien. 1040ez tax booklet   You must be a U. 1040ez tax booklet S. 1040ez tax booklet citizen or resident alien (or be treated as a resident alien) to take the credit. 1040ez tax booklet Generally, you cannot take the credit if you were a nonresident alien at any time during the tax year. 1040ez tax booklet Exceptions. 1040ez tax booklet   You may be able to take the credit if you are a nonresident alien who is married to a U. 1040ez tax booklet S. 1040ez tax booklet citizen or resident alien at the end of the tax year and you and your spouse choose to treat you as a U. 1040ez tax booklet S. 1040ez tax booklet resident alien. 1040ez tax booklet If you make that choice, both you and your spouse are taxed on your worldwide income. 1040ez tax booklet   If you were a nonresident alien at the beginning of the year and a resident alien at the end of the year, and you were married to a U. 1040ez tax booklet S. 1040ez tax booklet citizen or resident alien at the end of the year, you may be able to choose to be treated as a U. 1040ez tax booklet S. 1040ez tax booklet resident alien for the entire year. 1040ez tax booklet In that case, you may be allowed to take the credit. 1040ez tax booklet   For information on these choices, see chapter 1 of Publication 519, U. 1040ez tax booklet S. 1040ez tax booklet Tax Guide for Aliens. 1040ez tax booklet Married persons. 1040ez tax booklet   Generally, if you are married at the end of the tax year, you and your spouse must file a joint return to take the credit. 1040ez tax booklet However, if you and your spouse did not live in the same household at any time during the tax year, you can file either a joint return or separate returns and still take the credit. 1040ez tax booklet Head of household. 1040ez tax booklet   You can file as head of household and qualify to take the credit even if your spouse lived with you during the first 6 months of the year if you meet certain tests. 1040ez tax booklet See Publication 524 and Publication 501. 1040ez tax booklet Under age 65. 1040ez tax booklet   If you are under age 65 at the end of 2013, you can qualify for the credit only if you are retired on permanent and total disability and have taxable disability income (discussed later under Disability income ). 1040ez tax booklet You are considered to be under age 65 at the end of 2013 if you were born after January 1, 1949. 1040ez tax booklet You are retired on permanent and total disability if: You were permanently and totally disabled when you retired, and You retired on disability before the end of the tax year. 1040ez tax booklet   Even if you do not retire formally, you may be considered retired on disability when you have stopped working because of your disability. 1040ez tax booklet If you retired on disability before 1977 and were not permanently and totally disabled at the time, you can qualify for the credit if you were permanently and totally disabled on January 1, 1976, or January 1, 1977. 1040ez tax booklet Permanent and total disability. 1040ez tax booklet   You are permanently and totally disabled if you cannot engage in any substantial gainful activity because of your physical or mental condition. 1040ez tax booklet A physician must certify that the condition has lasted or can be expected to last continuously for 12 months or more, or that the condition can be expected to result in death. 1040ez tax booklet See Physician's statement , later. 1040ez tax booklet Substantial gainful activity. 1040ez tax booklet   Substantial gainful activity is the performance of significant duties over a reasonable period of time while working for pay or profit, or in work generally done for pay or profit. 1040ez tax booklet   Full-time work (or part-time work done at the employer's convenience) in a competitive work situation for at least the minimum wage conclusively shows that you are able to engage in substantial gainful activity. 1040ez tax booklet   Substantial gainful activity is not work you do to take care of yourself or your home. 1040ez tax booklet It is not unpaid work on hobbies, institutional therapy or training, school attendance, clubs, social programs, and similar activities. 1040ez tax booklet However, doing this kind of work may show that you are able to engage in substantial gainful activity. 1040ez tax booklet    Figure 5-B. 1040ez tax booklet Income Limits IF your filing status is. 1040ez tax booklet . 1040ez tax booklet . 1040ez tax booklet THEN even if you qualify (see Figure 5-A), you CANNOT take the credit if: Your adjusted gross income (AGI)* is equal to or more than. 1040ez tax booklet . 1040ez tax booklet . 1040ez tax booklet OR the total of your nontaxable social security and other nontaxable pension(s), annuities, or disability income is equal to or more than. 1040ez tax booklet . 1040ez tax booklet . 1040ez tax booklet single, head of household, or qualifying widow(er) with dependent child $17,500 $5,000 married filing jointly and only one spouse qualifies in Figure 5-A $20,000 $5,000 married filing jointly and both spouses qualify in Figure 5-A $25,000 $7,500 married filing separately and you lived apart from your spouse for all of 2013 $12,500 $3,750 *AGI is the amount on Form 1040A, line 22, or Form 1040, line 38      The fact that you have not worked for some time is not, of itself, conclusive evidence that you cannot engage in substantial gainful activity. 1040ez tax booklet Physician's statement. 1040ez tax booklet   If you are under age 65, you must have your physician complete a statement certifying that you were permanently and totally disabled on the date you retired. 1040ez tax booklet   You do not have to file this statement with your tax return, but you must keep it for your records. 1040ez tax booklet The Instructions for Schedule R (Form 1040A or 1040) include a statement your physician can complete and that you can keep for your records. 1040ez tax booklet Veterans. 1040ez tax booklet   If the Department of Veterans Affairs (VA) certifies that you are permanently and totally disabled, you can substitute VA Form 21-0172, Certification of Permanent and Total Disability, for the physician's statement you are required to keep. 1040ez tax booklet VA Form 21-0172 must be signed by a person authorized by the VA to do so. 1040ez tax booklet You can get this form from your local VA regional office. 1040ez tax booklet Physician's statement obtained in earlier year. 1040ez tax booklet   If you got a physician's statement in an earlier year and, due to your continued disabled condition, you were unable to engage in any substantial gainful activity during 2013, you may not need to get another physician's statement for 2013. 1040ez tax booklet For a detailed explanation of the conditions you must meet, see the instructions for Schedule R (Form 1040A or 1040), Part II. 1040ez tax booklet If you meet the required conditions, you must check the box on Schedule R (Form 1040A or 1040), Part II, line 2. 1040ez tax booklet   If you checked Schedule R (Form 1040A or 1040), Part I, box 4, 5, or 6, print in the space above the box in Part II, line 2, the first name(s) of the spouse(s) for whom the box is checked. 1040ez tax booklet Disability income. 1040ez tax booklet   If you are under age 65, you must also have taxable disability income to qualify for the credit. 1040ez tax booklet   Disability income must meet the following two requirements. 1040ez tax booklet It must be paid under your employer's accident or health plan or pension plan. 1040ez tax booklet It must be included in your income as wages (or payments in lieu of wages) for the time you are absent from work because of permanent and total disability. 1040ez tax booklet Payments that are not disability income. 1040ez tax booklet   Any payment you receive from a plan that does not provide for disability retirement is not disability income. 1040ez tax booklet Any lump-sum payment for accrued annual leave that you receive when you retire on disability is a salary payment and is not disability income. 1040ez tax booklet   For purposes of the credit for the elderly or the disabled, disability income does not include amounts you receive after you reach mandatory retirement age. 1040ez tax booklet Mandatory retirement age is the age set by your employer at which you would have had to retire had you not become disabled. 1040ez tax booklet Figuring the Credit You can figure the credit yourself, or the IRS will figure it for you. 1040ez tax booklet Figuring the credit yourself. 1040ez tax booklet   If you figure the credit yourself, fill out the front of Schedule R (Form 1040A or 1040). 1040ez tax booklet Next, fill out Schedule R (Form 1040A or 1040), Part III. 1040ez tax booklet Credit figured for you. 1040ez tax booklet   If you can take the credit and you want the IRS to figure the credit for you, see Publication 524 or the Instructions for Schedule R (Form 1040A or 1040). 1040ez tax booklet If you want the IRS to figure your tax, see chapter 30 of Publication 17, Your Federal Income Tax. 1040ez tax booklet Child and Dependent Care Credit You may be able to claim this credit if you pay someone to care for your dependent who is under age 13 or for your spouse or dependent who is not able to care for himself or herself. 1040ez tax booklet The credit can be up to 35% of your expenses. 1040ez tax booklet To qualify, you must pay these expenses so you can work or look for work. 1040ez tax booklet If you claim this credit, you must include on your return the name and taxpayer identification number (generally the social security number) of each qualifying person for whom care is provided. 1040ez tax booklet If the correct information is not shown, the credit may be reduced or disallowed. 1040ez tax booklet You also must show on your return the name, address, and the taxpayer identification number of the person(s) or organization(s) that provided the care. 1040ez tax booklet For more information, see Publication 503, Child and Dependent Care Expenses. 1040ez tax booklet Earned Income Credit (EIC) The earned income credit (EIC) is a refundable tax credit for certain people who work and have earned income under $51,567. 1040ez tax booklet The EIC is available to persons with or without a qualifying child. 1040ez tax booklet Credit has no effect on certain welfare benefits. 1040ez tax booklet   Any refund you receive because of the EIC cannot be counted as income when determining whether you or anyone else is eligible for benefits or assistance, or how much you or anyone else can receive, under any federal program or under any state or local program financed in whole or in part with federal funds. 1040ez tax booklet These programs include the following. 1040ez tax booklet Medicaid and supplemental security income (SSI). 1040ez tax booklet Supplemental Nutrition Assistance Program (food stamps). 1040ez tax booklet Low-income housing. 1040ez tax booklet Temporary Assistance for Needy Families (TANF). 1040ez tax booklet  In addition, when determining eligibility, the refund cannot be counted as a resource for at least 12 months after you receive it. 1040ez tax booklet Check with your local benefit coordinator to find out if your refund will affect your benefits. 1040ez tax booklet Do You Qualify for the Earned Income Credit (EIC)? Use Table 5-1 as an initial guide to the rules you must meet in order to qualify for the EIC. 1040ez tax booklet The specific rules you must meet depend on whether you have a qualifying child. 1040ez tax booklet If you have a qualifying child, the rules in Parts A, B, and D apply to you. 1040ez tax booklet If you do not have a qualifying child, the rules in Parts A, C, and D apply to you. 1040ez tax booklet  If, after reading all the rules in each part that applies to you, you think you may qualify for the credit, see Publication 596, Earned Income Credit, for more details about the EIC. 1040ez tax booklet You can also find information about the EIC in the instructions for Form 1040 (line 64a), Form 1040A (line 38a), or Form 1040EZ (line 8a). 1040ez tax booklet The sections that follow provide additional information for some of the rules. 1040ez tax booklet Adjusted gross income (AGI). 1040ez tax booklet   Under Rule 1, you cannot claim the EIC unless your AGI is less than the applicable limit shown in Part A of Table 5-1. 1040ez tax booklet Your AGI is the amount on line 37 (Form 1040), line 21 (Form 1040A), or line 4 (Form 1040EZ). 1040ez tax booklet Table 5-1. 1040ez tax booklet Earned Income Credit (EIC) in a Nutshell First, you must meet all the rules in this column. 1040ez tax booklet Second, you must meet all the rules in one of these columns, whichever applies. 1040ez tax booklet Third, you must meet the rule in this column. 1040ez tax booklet Part A. 1040ez tax booklet  Rules for Everyone Part B. 1040ez tax booklet  Rules If You Have a Qualifying Child Part C. 1040ez tax booklet  Rules If You Do Not Have a Qualifying Child Part D. 1040ez tax booklet  Figuring and Claiming the EIC 1. 1040ez tax booklet Your adjusted gross income (AGI) must be less than: •$46,227 ($51,567 for married filing jointly) if you have three or more qualifying children, •$43,038 ($48,378 for married filing jointly) if you have two qualifying children, •$37,870 ($43,210 for married filing jointly) if you have one qualifying child, or  •$14,340 ($19,680 for married filing jointly) if you do not have a qualifying child. 1040ez tax booklet 2. 1040ez tax booklet You must have a valid social security number. 1040ez tax booklet  3. 1040ez tax booklet Your filing status cannot be “Married filing separately. 1040ez tax booklet ” 4. 1040ez tax booklet You must be a U. 1040ez tax booklet S. 1040ez tax booklet citizen or resident alien all year. 1040ez tax booklet  5. 1040ez tax booklet You cannot file Form 2555 or Form 2555-EZ (relating to foreign earned income). 1040ez tax booklet  6. 1040ez tax booklet Your investment income must be $3,300 or less. 1040ez tax booklet  7. 1040ez tax booklet You must have earned income. 1040ez tax booklet 8. 1040ez tax booklet Your child must meet the relationship, age, residency, and joint return tests. 1040ez tax booklet  9. 1040ez tax booklet Your qualifying child cannot be used by more than one person to claim the EIC. 1040ez tax booklet  10. 1040ez tax booklet You generally cannot be a qualifying child of another person. 1040ez tax booklet 11. 1040ez tax booklet You must be at least age 25 but under age 65. 1040ez tax booklet  12. 1040ez tax booklet You cannot be the dependent of another person. 1040ez tax booklet  13. 1040ez tax booklet You generally cannot be a qualifying child of another person. 1040ez tax booklet  14. 1040ez tax booklet You must have lived in the United States more than half of the year. 1040ez tax booklet 15. 1040ez tax booklet Your earned income must be less than: •$46,227 ($51,567 for married filing jointly) if you have three or more qualifying children, •$43,038 ($48,378 for married filing jointly) if you have two qualifying children, •$37,870 ($43,210 for married filing jointly) if you have one qualifying child, or •$14,340 ($19,680 for married filing jointly) if you do not have a qualifying child. 1040ez tax booklet Social security number. 1040ez tax booklet   Under Rule 2, you (and your spouse if you are married filing jointly) must have a valid social security number (SSN) issued by the Social Security Administration (SSA). 1040ez tax booklet Any qualifying child listed on Schedule EIC also must have a valid SSN. 1040ez tax booklet (See Qualifying child , later, if you have a qualifying child. 1040ez tax booklet )   If your social security card (or your spouse's if you are married filing jointly) says “Not valid for employment” and your SSN was issued so that you (or your spouse) could get a federally funded benefit, you cannot get the EIC. 1040ez tax booklet An example of a federally funded benefit is Medicaid. 1040ez tax booklet Investment income. 1040ez tax booklet   Under Rule 6, you cannot claim the EIC unless your investment income is $3,300 or less. 1040ez tax booklet If your investment income is more than $3,300, you cannot claim the credit. 1040ez tax booklet For most people, investment income is the total of the following amounts. 1040ez tax booklet Taxable interest (line 8a of Form 1040 or 1040A). 1040ez tax booklet Tax-exempt interest (line 8b of Form 1040 or 1040A). 1040ez tax booklet Dividend income (line 9a of Form 1040 or 1040A). 1040ez tax booklet Capital gain net income (line 13 of Form 1040, if more than zero, or line 10 of Form 1040A). 1040ez tax booklet  If you file Form 1040EZ, your investment income is the total of the amount of line 2 and the amount of any tax-exempt interest you wrote to the right of the words “Form 1040EZ” on line 2. 1040ez tax booklet   For more information about investment income, see Publication 596, Earned Income Credit. 1040ez tax booklet Earned income. 1040ez tax booklet   Under Rule 7, you must have earned income to claim the EIC. 1040ez tax booklet Under Rule 15, you cannot claim the EIC unless your earned income is less than the applicable limit shown in Table 5-1, Part D. 1040ez tax booklet Earned income includes all of the following types of income. 1040ez tax booklet Wages, salaries, tips, and other taxable employee pay. 1040ez tax booklet Employee pay is earned income only if it is taxable. 1040ez tax booklet Nontaxable employee pay, such as certain dependent care benefits and adoption benefits, is not earned income. 1040ez tax booklet But there is an exception for nontaxable combat pay, which you can choose to include in earned income. 1040ez tax booklet Net earnings from self-employment. 1040ez tax booklet Gross income received as a statutory employee. 1040ez tax booklet Gross income defined. 1040ez tax booklet   Gross income means all income you received in the form of money, goods, property, and services that is not exempt from tax, including any income from sources outside the United States or from the sale of your main home (even if you can exclude part or all of it). 1040ez tax booklet Do not include any social security benefits unless (a) you are married filing a separate tax return and you lived with your spouse at any time in 2013, or (b) one-half of your social security benefits plus your other gross income and any tax-exempt interest is more than $25,000 ($32,000 if married filing jointly). 1040ez tax booklet If (a) or (b) applies, see the instructions for Form 1040, lines 20a and 20b to figure the taxable part of social security benefits you must include in gross income. 1040ez tax booklet Self-employed persons. 1040ez tax booklet   If you are self-employed and your net earnings are $400 or more, be sure to correctly fill out Schedule SE (Form 1040), Self-Employment Tax, and pay the proper amount of self-employment tax. 1040ez tax booklet If you do not, you may not get all the credit to which you are entitled. 1040ez tax booklet Disability benefits. 1040ez tax booklet   If you retired on disability, taxable benefits you receive under your employer's disability retirement plan are considered earned income until you reach minimum retirement age. 1040ez tax booklet Minimum retirement age generally is the earliest age at which you could have received a pension or annuity if you were not disabled. 1040ez tax booklet Beginning on the day after you reach minimum retirement age, payments you receive are taxable as a pension and are not considered earned income. 1040ez tax booklet   Payments you received from a disability insurance policy that you paid the premiums for are not earned income. 1040ez tax booklet It does not matter whether you have reached minimum retirement age. 1040ez tax booklet If this policy is through your employer, the amount may be shown in box 12 of your Form W-2 with code J. 1040ez tax booklet Income that is not earned income. 1040ez tax booklet   Examples of items that are not earned income under Rule 7 include interest and dividends, pensions and annuities, social security and railroad retirement benefits (including disability benefits — except for payments covered under Disability benefits earlier), alimony and child support, welfare benefits, workers' compensation benefits, unemployment compensation (insurance), nontaxable foster care payments, and veterans' benefits, including VA rehabilitation payments. 1040ez tax booklet Do not include any of these items in your earned income. 1040ez tax booklet Workfare payments. 1040ez tax booklet   Nontaxable workfare payments are not earned income for the EIC. 1040ez tax booklet These are cash payments certain people receive from a state or local agency that administers public assistance programs funded under the federal Temporary Assistance for Needy Families (TANF) program in return for certain work activities such as (1) work experience activities (including remodeling or repairing public housing) if sufficient private sector employment is not available, or (2) community service program activities. 1040ez tax booklet Qualifying child. 1040ez tax booklet   Under Rule 8, your child is a qualifying child if your child meets four tests. 1040ez tax booklet The four tests are: Relationship, Age, Residency, and Joint return. 1040ez tax booklet   The four tests are illustrated in Figure 5-C. 1040ez tax booklet See Publication 596 for more information about each test. 1040ez tax booklet Figure 5-C. 1040ez tax booklet Tests for Qualifying Child A qualifying child for the EIC is a child who is your. 1040ez tax booklet . 1040ez tax booklet . 1040ez tax booklet Son, daughter, stepchild, foster child,  or a descendant of any of them (for example, your grandchild) OR Brother, sister, half brother, half sister, stepbrother,  stepsister, or a descendant of any of them (for example, your  niece or nephew) was . 1040ez tax booklet . 1040ez tax booklet . 1040ez tax booklet Under age 19 at the end of 2013 and younger than you (or your spouse if filing jointly) OR Under age 24 at the end of 2013, a student, and younger than you (or your spouse if filing jointly) OR Permanently and totally disabled at any time during the year, regardless of age who. 1040ez tax booklet . 1040ez tax booklet . 1040ez tax booklet Is not filing a joint return for 2013  (or is filing a joint return for 2013 only as a claim for refund of income tax withheld or estimated tax paid) who. 1040ez tax booklet . 1040ez tax booklet . 1040ez tax booklet Lived with you in the United States for more than half of 2013. 1040ez tax booklet  If the child did not live with you for the required time, see Publication 596 for more information. 1040ez tax booklet Figuring the EIC To figure the amount of your credit, you have two choices. 1040ez tax booklet Have the IRS figure the EIC for you. 1040ez tax booklet If you want to do this, see IRS Will Figure the EIC for You in Publication 596. 1040ez tax booklet Figure the EIC yourself. 1040ez tax booklet If you want to do this, see How To Figure the EIC Yourself in Publication 596. 1040ez tax booklet Prev  Up  Next   Home   More Online Publications
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Help for Victims of Ponzi Investment Schemes

 

The IRS provides two items of guidance to help taxpayers who are victims of losses from Ponzi-type investment schemes.

  • Revenue Ruling 2009-9 provides guidance on determining the amount and timing of losses from these schemes, which is difficult and dependent on the prospect of recovering the lost money (which may not become known for several years).

  • Revenue Procedure 2009-20 simplifies compliance for taxpayers by providing a safe-harbor means of determining the year in which the loss is deemed to occur and a simplified means of computing the amount of the loss.  

For an overview of this guidance, see IRS Commissioner Doug Shulman's March 17, 2009, testimony before the Senate Finance Committee on tax issues related to Ponzi schemes.

Questions and Answers

  • FAQs Related to Ponzi Scenarios for Clawback Treatment

  • Do you have questions on what to do if you've invested in a Ponzi scheme? If so, these questions and answers may help.

  • Do you have questions on what to do if you took a tax loss due to a Ponzi scheme investment but later recovered some of your investment? If so, these questions and answers on the tax treatment of distributions received from a trustee/receiver may help. A trustee or receiver may use this information to respond to questions from investors and may include a copy of these questions and answers with any distributions sent to investors.
Page Last Reviewed or Updated: 14-Mar-2014

The 1040ez Tax Booklet

1040ez tax booklet Part Five -   Standard Deduction and Itemized Deductions After you have figured your adjusted gross income, you are ready to subtract the deductions used to figure taxable income. 1040ez tax booklet You can subtract either the standard deduction or itemized deductions. 1040ez tax booklet Itemized deductions are deductions for certain expenses that are listed on Schedule A (Form 1040). 1040ez tax booklet The ten chapters in this part discuss the standard deduction, each itemized deduction, and a limit on some of your itemized deductions if your adjusted gross income is more than certain amounts. 1040ez tax booklet See chapter 20 for the factors to consider when deciding whether to subtract the standard deduction or itemized deductions. 1040ez tax booklet Table of Contents 20. 1040ez tax booklet   Standard DeductionWhat's New Introduction Standard Deduction Amount Standard Deduction for Dependents Who Should ItemizeWhen to itemize. 1040ez tax booklet Married persons who filed separate returns. 1040ez tax booklet 21. 1040ez tax booklet   Medical and Dental ExpensesWhat's New Introduction Useful Items - You may want to see: What Are Medical Expenses? What Expenses Can You Include This Year?Community property states. 1040ez tax booklet How Much of the Expenses Can You Deduct? Whose Medical Expenses Can You Include?Yourself Spouse Dependent Decedent What Medical Expenses Are Includible?Insurance Premiums Meals and Lodging Transportation Disabled Dependent Care Expenses How Do You Treat Reimbursements?Insurance Reimbursement Damages for Personal Injuries How Do You Figure and Report the Deduction on Your Tax Return?What Tax Form Do You Use? Impairment-Related Work Expenses Health Insurance Costs for Self-Employed Persons 22. 1040ez tax booklet   TaxesIntroductionIndian tribal government. 1040ez tax booklet Useful Items - You may want to see: Tests To Deduct Any Tax Income TaxesState and Local Income Taxes Foreign Income Taxes General Sales TaxesMotor vehicles. 1040ez tax booklet Real Estate TaxesReal estate taxes for prior years. 1040ez tax booklet Examples. 1040ez tax booklet Form 1099-S. 1040ez tax booklet Real Estate-Related Items You Cannot Deduct Personal Property Taxes Taxes and Fees You Cannot Deduct Where To Deduct 23. 1040ez tax booklet   Interest ExpenseIntroduction Useful Items - You may want to see: Home Mortgage InterestAmount Deductible Points Mortgage Insurance Premiums Form 1098, Mortgage Interest Statement Investment InterestInvestment Property Allocation of Interest Expense Limit on Deduction Items You Cannot DeductPersonal Interest Allocation of Interest How To ReportMore than one borrower. 1040ez tax booklet Mortgage proceeds used for business or investment. 1040ez tax booklet 24. 1040ez tax booklet   ContributionsIntroduction Useful Items - You may want to see: Organizations That Qualify To Receive Deductible ContributionsTypes of Qualified Organizations Contributions You Can DeductContributions From Which You Benefit Expenses Paid for Student Living With You Out-of-Pocket Expenses in Giving Services Contributions You Cannot DeductContributions to Individuals Contributions to Nonqualified Organizations Contributions From Which You Benefit Value of Time or Services Personal Expenses Appraisal Fees Contributions of PropertyException. 1040ez tax booklet Household items. 1040ez tax booklet Deduction more than $500. 1040ez tax booklet Form 1098-C. 1040ez tax booklet Filing deadline approaching and still no Form 1098-C. 1040ez tax booklet Exception 1—vehicle used or improved by organization. 1040ez tax booklet Exception 2—vehicle given or sold to needy individual. 1040ez tax booklet Deduction $500 or less. 1040ez tax booklet Right to use property. 1040ez tax booklet Tangible personal property. 1040ez tax booklet Future interest. 1040ez tax booklet Determining Fair Market Value Giving Property That Has Decreased in Value Giving Property That Has Increased in Value When To DeductChecks. 1040ez tax booklet Text message. 1040ez tax booklet Credit card. 1040ez tax booklet Pay-by-phone account. 1040ez tax booklet Stock certificate. 1040ez tax booklet Promissory note. 1040ez tax booklet Option. 1040ez tax booklet Borrowed funds. 1040ez tax booklet Limits on DeductionsCarryovers Records To KeepCash Contributions Noncash Contributions Out-of-Pocket Expenses How To Report 25. 1040ez tax booklet   Nonbusiness Casualty and Theft LossesWhat's New Introduction Useful Items - You may want to see: CasualtyFamily pet. 1040ez tax booklet Progressive deterioration. 1040ez tax booklet Damage from corrosive drywall. 1040ez tax booklet Theft Loss on Deposits Proof of Loss Figuring a LossDecrease in Fair Market Value Adjusted Basis Insurance and Other Reimbursements Single Casualty on Multiple Properties Deduction Limits$100 Rule 10% Rule When To Report Gains and LossesDisaster Area Loss How To Report Gains and Losses 26. 1040ez tax booklet   Car Expenses and Other Employee Business ExpensesWhat's New Introduction Useful Items - You may want to see: Travel ExpensesTraveling Away From Home Tax Home Temporary Assignment or Job What Travel Expenses Are Deductible? Travel in the United States Travel Outside the United States Conventions Entertainment Expenses50% Limit What Entertainment Expenses Are Deductible? What Entertainment Expenses Are Not Deductible? Gift Expenses Transportation ExpensesArmed Forces reservists. 1040ez tax booklet Parking fees. 1040ez tax booklet Advertising display on car. 1040ez tax booklet Car pools. 1040ez tax booklet Hauling tools or instruments. 1040ez tax booklet Union members' trips from a union hall. 1040ez tax booklet Car Expenses RecordkeepingHow To Prove Expenses How Long To Keep Records and Receipts How To ReportGifts. 1040ez tax booklet Statutory employees. 1040ez tax booklet Reimbursements Completing Forms 2106 and 2106-EZ Special Rules 27. 1040ez tax booklet   Tax Benefits for Work-Related EducationWhat's New Introduction Useful Items - You may want to see: Qualifying Work-Related EducationEducation Required by Employer or by Law Education To Maintain or Improve Skills Education To Meet Minimum Requirements Education That Qualifies You for a New Trade or Business What Expenses Can Be DeductedUnclaimed reimbursement. 1040ez tax booklet Transportation Expenses Travel Expenses No Double Benefit Allowed Reimbursements Deducting Business ExpensesSelf-Employed Persons Employees Performing Artists and Fee-Basis Officials Impairment-Related Work Expenses Recordkeeping 28. 1040ez tax booklet   Miscellaneous DeductionsWhat's New Introduction Useful Items - You may want to see: Deductions Subject to the 2% LimitUnreimbursed Employee Expenses (Line 21) Tax Preparation Fees (Line 22) Other Expenses (Line 23) Deductions Not Subject to the 2% LimitList of Deductions Nondeductible ExpensesList of Nondeductible Expenses 29. 1040ez tax booklet   Limit on Itemized DeductionsIntroduction Useful Items - You may want to see: Are You Subject to the Limit? Which Itemized Deductions Are Limited? Which Itemized Deductions Are Not Limited? How Do You Figure the Limit?Example. 1040ez tax booklet Prev  Up  Next   Home   More Online Publications