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

2012 Amended Tax Forms

Turbotax Amended ReturnHow To File Amended Tax Return TurbotaxTaxact 2010 ReturnFree Online Tax Filing For 2012Ny State Tax Forms 20111040 XFiling 2011 Tax ReturnFiling Form 1040ezStudent IncomeH And R Block Free FederalTurbo Tax Amendment 2013Free Taxes 2012Free Federal And State Tax FilingFree Income Tax Filing For SeniorsFiling TaxesHow To File Your Own TaxesFree Efile Federal1040a 2011 Tax FormState Taxes Phone NumberEz Form 10401040ez Amended Form2009 1040Irs 1040x 2012Ez Tax FormE-file Back Taxes Free For Past 3 Years TaxeCorporate Tax SoftwareIrs 1040x 2011Example Of 1040x Amended Tax Returns For 2013Filing 1040ez ElectronicallyHr Block 2011Free Online 1040x FilingTurbo Tax Ez FormHr Block State Taxes2013 Amended Tax Return FormWhere To Send 2011 Tax ReturnTurbotax Deluxe Federal E File State 2012How Do You Ammend A Tax ReturnFree Filing Of State Taxes OnlineTax Form 1040x Amended ReturnHow To Do 2012 Taxes

2012 Amended Tax Forms

2012 amended tax forms Part Four -   Adjustments to Income The three chapters in this part discuss some of the adjustments to income that you can deduct in figuring your adjusted gross income. 2012 amended tax forms These chapters cover: Contributions you make to traditional individual retirement arrangements (IRAs) — chapter 17, Alimony you pay — chapter 18, and Student loan interest you pay — chapter 19. 2012 amended tax forms Other adjustments to income are discussed elsewhere. 2012 amended tax forms See Table V below. 2012 amended tax forms Table V. 2012 amended tax forms Other Adjustments to Income  Use this table to find information about other adjustments to income not covered in this part of the publication. 2012 amended tax forms IF you are looking for more information about the deduction for. 2012 amended tax forms . 2012 amended tax forms . 2012 amended tax forms THEN see. 2012 amended tax forms . 2012 amended tax forms . 2012 amended tax forms Certain business expenses of reservists, performing artists, and fee-basis officials Chapter 26. 2012 amended tax forms Contributions to a health savings account Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans. 2012 amended tax forms Moving expenses Publication 521, Moving Expenses. 2012 amended tax forms Part of your self-employment tax Chapter 22. 2012 amended tax forms Self-employed health insurance Chapter 21. 2012 amended tax forms Payments to self-employed SEP, SIMPLE, and qualified plans Publication 560, Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans). 2012 amended tax forms Penalty on the early withdrawal of savings Chapter 7. 2012 amended tax forms Contributions to an Archer MSA Publication 969. 2012 amended tax forms Reforestation amortization or expense Chapters 7 and 8 of Publication 535, Business Expenses. 2012 amended tax forms Contributions to Internal Revenue Code section 501(c)(18)(D) pension plans Publication 525, Taxable and Nontaxable Income. 2012 amended tax forms Expenses from the rental of personal property Chapter 12. 2012 amended tax forms Certain required repayments of supplemental unemployment benefits (sub-pay) Chapter 12. 2012 amended tax forms Foreign housing costs Chapter 4 of Publication 54, Tax Guide for U. 2012 amended tax forms S. 2012 amended tax forms Citizens and Resident Aliens Abroad. 2012 amended tax forms Jury duty pay given to your employer Chapter 12. 2012 amended tax forms Contributions by certain chaplains to Internal Revenue Code section 403(b) plans Publication 517, Social Security and Other Information for Members of the Clergy and Religious Workers. 2012 amended tax forms Attorney fees and certain costs for actions involving certain unlawful discrimination claims or awards to whistleblowers Publication 525. 2012 amended tax forms Domestic production activities deduction Form 8903, Domestic Production Activities Deduction. 2012 amended tax forms Table of Contents 17. 2012 amended tax forms   Individual Retirement Arrangements (IRAs)What's New Reminders Introduction Useful Items - You may want to see: Traditional IRAsWho Can Open a Traditional IRA? When and How Can a Traditional IRA Be Opened? How Much Can Be Contributed? When Can Contributions Be Made? How Much Can You Deduct? Nondeductible Contributions Inherited IRAs Can You Move Retirement Plan Assets? When Can You Withdraw or Use IRA Assets? When Must You Withdraw IRA Assets? (Required Minimum Distributions) Are Distributions Taxable? What Acts Result in Penalties or Additional Taxes? Roth IRAsWhat Is a Roth IRA? When Can a Roth IRA Be Opened? Can You Contribute to a Roth IRA? Can You Move Amounts Into a Roth IRA? Are Distributions Taxable? 18. 2012 amended tax forms   AlimonyIntroductionSpouse or former spouse. 2012 amended tax forms Divorce or separation instrument. 2012 amended tax forms Useful Items - You may want to see: General RulesMortgage payments. 2012 amended tax forms Taxes and insurance. 2012 amended tax forms Other payments to a third party. 2012 amended tax forms Instruments Executed After 1984Payments to a third party. 2012 amended tax forms Exception. 2012 amended tax forms Substitute payments. 2012 amended tax forms Specifically designated as child support. 2012 amended tax forms Contingency relating to your child. 2012 amended tax forms Clearly associated with a contingency. 2012 amended tax forms How To Deduct Alimony Paid How To Report Alimony Received Recapture Rule 19. 2012 amended tax forms   Education- Related AdjustmentsIntroduction Useful Items - You may want to see: Student Loan Interest DeductionStudent Loan Interest Defined Can You Claim the Deduction How Much Can You Deduct How Do You Figure the Deduction Tuition and Fees DeductionCan You Claim the Deduction What Expenses Qualify Who Is an Eligible Student Who Can Claim a Dependent's Expenses How Much Can You Deduct Educator Expenses Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

Where to File Tax Returns - Addresses Listed by Return Type

In order to determine where to file your return, identify the form number for which you need the information and follow the numerical or alpha-numerical links below to your specific Where to File information.

Examples for a return beginning with a number:
To find Form 3520, Annual Return to Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts, choose the number 3; for Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return, choose the number 7.

Example for a return beginning with an alpha character:
To find Form SS-4, Application for Employer Identification Number, choose the alpha S.

 
Find forms that begin with:
 
Numbers
 
 1   2   3   4   5   7   8  9
 
     
  Alpha's C   S   W

 


Note: Some addresses may not match a particular instruction booklet or publication. This is due to changes being made after the publication was printed. This site will reflect the most current Where to File Addresses for use during Calendar Year 2013.


Other Resources

Where to File Addresses for Taxpayers and Tax Professionals by State 

 

Page Last Reviewed or Updated: 09-Dec-2013

The 2012 Amended Tax Forms

2012 amended tax forms 7. 2012 amended tax forms   Interest Income Table of Contents Reminder Introduction Useful Items - You may want to see: General InformationSSN for joint account. 2012 amended tax forms Custodian account for your child. 2012 amended tax forms Penalty for failure to supply SSN. 2012 amended tax forms Reporting backup withholding. 2012 amended tax forms Savings account with parent as trustee. 2012 amended tax forms Interest not reported on Form 1099-INT. 2012 amended tax forms Nominees. 2012 amended tax forms Incorrect amount. 2012 amended tax forms Information reporting requirement. 2012 amended tax forms Taxable InterestInterest subject to penalty for early withdrawal. 2012 amended tax forms Money borrowed to invest in certificate of deposit. 2012 amended tax forms U. 2012 amended tax forms S. 2012 amended tax forms Savings Bonds Education Savings Bond Program U. 2012 amended tax forms S. 2012 amended tax forms Treasury Bills, Notes, and Bonds Bonds Sold Between Interest Dates Insurance State or Local Government Obligations Original Issue Discount (OID) When To Report Interest IncomeConstructive receipt. 2012 amended tax forms How To Report Interest IncomeSchedule B (Form 1040A or 1040). 2012 amended tax forms Reporting tax-exempt interest. 2012 amended tax forms U. 2012 amended tax forms S. 2012 amended tax forms savings bond interest previously reported. 2012 amended tax forms Reminder Foreign-source income. 2012 amended tax forms  If you are a U. 2012 amended tax forms S. 2012 amended tax forms citizen with interest income from sources outside the United States (foreign income), you must report that income on your tax return unless it is exempt by U. 2012 amended tax forms S. 2012 amended tax forms law. 2012 amended tax forms This is true whether you reside inside or outside the United States and whether or not you receive a Form 1099 from the foreign payer. 2012 amended tax forms Introduction This chapter discusses the following topics. 2012 amended tax forms Different types of interest income. 2012 amended tax forms What interest is taxable and what interest is nontaxable. 2012 amended tax forms When to report interest income. 2012 amended tax forms How to report interest income on your tax return. 2012 amended tax forms In general, any interest you receive or that is credited to your account and can be withdrawn is taxable income. 2012 amended tax forms Exceptions to this rule are discussed later in this chapter. 2012 amended tax forms You may be able to deduct expenses you have in earning this income on Schedule A (Form 1040) if you itemize your deductions. 2012 amended tax forms See Money borrowed to invest in certificate of deposit , later, and chapter 28. 2012 amended tax forms Useful Items - You may want to see: Publication 537 Installment Sales 550 Investment Income and Expenses 1212 Guide to Original Issue Discount (OID) Instruments Form (and Instructions) Schedule B (Form 1040A or 1040) Interest and Ordinary Dividends 8815 Exclusion of Interest From Series EE and I U. 2012 amended tax forms S. 2012 amended tax forms Savings Bonds Issued After 1989 8818 Optional Form To Record Redemption of Series EE and I U. 2012 amended tax forms S. 2012 amended tax forms Savings Bonds Issued After 1989 General Information A few items of general interest are covered here. 2012 amended tax forms Recordkeeping. 2012 amended tax forms You should keep a list showing sources and interest amounts received during the year. 2012 amended tax forms Also, keep the forms you receive showing your interest income (Forms 1099-INT, for example) as an important part of your records. 2012 amended tax forms Tax on unearned income of certain children. 2012 amended tax forms    Part of a child's 2013 unearned income may be taxed at the parent's tax rate. 2012 amended tax forms If so, Form 8615, Tax for Certain Children Who Have Unearned Income, must be completed and attached to the child's tax return. 2012 amended tax forms If not, Form 8615 is not required and the child's income is taxed at his or her own tax rate. 2012 amended tax forms   Some parents can choose to include the child's interest and dividends on the parent's return. 2012 amended tax forms If you can, use Form 8814, Parents' Election To Report Child's Interest and Dividends, for this purpose. 2012 amended tax forms   For more information about the tax on unearned income of children and the parents' election, see chapter 31. 2012 amended tax forms Beneficiary of an estate or trust. 2012 amended tax forms   Interest you receive as a beneficiary of an estate or trust is generally taxable income. 2012 amended tax forms You should receive a Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc. 2012 amended tax forms , from the fiduciary. 2012 amended tax forms Your copy of Schedule K-1 (Form 1041) and its instructions will tell you where to report the income on your Form 1040. 2012 amended tax forms Social security number (SSN). 2012 amended tax forms   You must give your name and SSN or individual tax identification number (ITIN) to any person required by federal tax law to make a return, statement, or other document that relates to you. 2012 amended tax forms This includes payers of interest. 2012 amended tax forms If you do not give your SSN or ITIN to the payer of interest, you may have to pay a penalty. 2012 amended tax forms SSN for joint account. 2012 amended tax forms   If the funds in a joint account belong to one person, list that person's name first on the account and give that person's SSN to the payer. 2012 amended tax forms (For information on who owns the funds in a joint account, see Joint accounts , later. 2012 amended tax forms ) If the joint account contains combined funds, give the SSN of the person whose name is listed first on the account. 2012 amended tax forms This is because only one name and SSN can be shown on Form 1099. 2012 amended tax forms   These rules apply both to joint ownership by a married couple and to joint ownership by other individuals. 2012 amended tax forms For example, if you open a joint savings account with your child using funds belonging to the child, list the child's name first on the account and give the child's SSN. 2012 amended tax forms Custodian account for your child. 2012 amended tax forms   If your child is the actual owner of an account that is recorded in your name as custodian for the child, give the child's SSN to the payer. 2012 amended tax forms For example, you must give your child's SSN to the payer of interest on an account owned by your child, even though the interest is paid to you as custodian. 2012 amended tax forms Penalty for failure to supply SSN. 2012 amended tax forms   If you do not give your SSN to the payer of interest, you may have to pay a penalty. 2012 amended tax forms See Failure to supply SSN under Penalties in chapter 1. 2012 amended tax forms Backup withholding also may apply. 2012 amended tax forms Backup withholding. 2012 amended tax forms   Your interest income is generally not subject to regular withholding. 2012 amended tax forms However, it may be subject to backup withholding to ensure that income tax is collected on the income. 2012 amended tax forms Under backup withholding, the payer of interest must withhold, as income tax, on the amount you are paid, applying the appropriate withholding rate. 2012 amended tax forms   Backup withholding may also be required if the IRS has determined that you underreported your interest or dividend income. 2012 amended tax forms For more information, see Backup Withholding in chapter 4. 2012 amended tax forms Reporting backup withholding. 2012 amended tax forms   If backup withholding is deducted from your interest income, the payer must give you a Form 1099-INT for the year indicating the amount withheld. 2012 amended tax forms The Form 1099-INT will show any backup withholding as “Federal income tax withheld. 2012 amended tax forms ” Joint accounts. 2012 amended tax forms   If two or more persons hold property (such as a savings account or bond) as joint tenants, tenants by the entirety, or tenants in common, each person's share of any interest from the property is determined by local law. 2012 amended tax forms Income from property given to a child. 2012 amended tax forms   Property you give as a parent to your child under the Model Gifts of Securities to Minors Act, the Uniform Gifts to Minors Act, or any similar law becomes the child's property. 2012 amended tax forms   Income from the property is taxable to the child, except that any part used to satisfy a legal obligation to support the child is taxable to the parent or guardian having that legal obligation. 2012 amended tax forms Savings account with parent as trustee. 2012 amended tax forms   Interest income from a savings account opened for a minor child, but placed in the name and subject to the order of the parents as trustees, is taxable to the child if, under the law of the state in which the child resides, both of the following are true. 2012 amended tax forms The savings account legally belongs to the child. 2012 amended tax forms The parents are not legally permitted to use any of the funds to support the child. 2012 amended tax forms Form 1099-INT. 2012 amended tax forms   Interest income is generally reported to you on Form 1099-INT, or a similar statement, by banks, savings and loans, and other payers of interest. 2012 amended tax forms This form shows you the interest you received during the year. 2012 amended tax forms Keep this form for your records. 2012 amended tax forms You do not have to attach it to your tax return. 2012 amended tax forms   Report on your tax return the total interest income you receive for the tax year. 2012 amended tax forms Interest not reported on Form 1099-INT. 2012 amended tax forms   Even if you do not receive Form 1099-INT, you must still report all of your interest income. 2012 amended tax forms For example, you may receive distributive shares of interest from partnerships or S corporations. 2012 amended tax forms This interest is reported to you on Schedule K-1 (Form 1065), Partner's Share of Income, Deduction, Credits, etc. 2012 amended tax forms , or Schedule K-1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc. 2012 amended tax forms Nominees. 2012 amended tax forms   Generally, if someone receives interest as a nominee for you, that person must give you a Form 1099-INT showing the interest received on your behalf. 2012 amended tax forms   If you receive a Form 1099-INT that includes amounts belonging to another person, see the discussion on nominee distributions under How To Report Interest Income in chapter 1 of Publication 550, or Schedule B (Form 1040A or 1040) instructions. 2012 amended tax forms Incorrect amount. 2012 amended tax forms   If you receive a Form 1099-INT that shows an incorrect amount (or other incorrect information), you should ask the issuer for a corrected form. 2012 amended tax forms The new Form 1099-INT you receive will be marked “Corrected. 2012 amended tax forms ” Form 1099-OID. 2012 amended tax forms   Reportable interest income also may be shown on Form 1099-OID, Original Issue Discount. 2012 amended tax forms For more information about amounts shown on this form, see Original Issue Discount (OID) , later in this chapter. 2012 amended tax forms Exempt-interest dividends. 2012 amended tax forms   Exempt-interest dividends you receive from a mutual fund or other regulated investment company, including those received from a qualified fund of funds in any tax year beginning after December 22, 2010, are not included in your taxable income. 2012 amended tax forms (However, see Information reporting requirement , next. 2012 amended tax forms ) Exempt-interest dividends should be shown in box 10 of Form 1099-DIV. 2012 amended tax forms You do not reduce your basis for distributions that are exempt-interest dividends. 2012 amended tax forms Information reporting requirement. 2012 amended tax forms   Although exempt-interest dividends are not taxable, you must show them on your tax return if you have to file. 2012 amended tax forms This is an information reporting requirement and does not change the exempt-interest dividends into taxable income. 2012 amended tax forms Note. 2012 amended tax forms Exempt-interest dividends paid from specified private activity bonds may be subject to the alternative minimum tax. 2012 amended tax forms See Alternative Minimum Tax (AMT) in chapter 30 for more information. 2012 amended tax forms Chapter 1 of Publication 550 contains a discussion on private activity bonds under State or Local Government Obligations. 2012 amended tax forms Interest on VA dividends. 2012 amended tax forms   Interest on insurance dividends left on deposit with the Department of Veterans Affairs (VA) is not taxable. 2012 amended tax forms This includes interest paid on dividends on converted United States Government Life Insurance and on National Service Life Insurance policies. 2012 amended tax forms Individual retirement arrangements (IRAs). 2012 amended tax forms   Interest on a Roth IRA generally is not taxable. 2012 amended tax forms Interest on a traditional IRA is tax deferred. 2012 amended tax forms You generally do not include it in your income until you make withdrawals from the IRA. 2012 amended tax forms See chapter 17. 2012 amended tax forms Taxable Interest Taxable interest includes interest you receive from bank accounts, loans you make to others, and other sources. 2012 amended tax forms The following are some sources of taxable interest. 2012 amended tax forms Dividends that are actually interest. 2012 amended tax forms   Certain distributions commonly called dividends are actually interest. 2012 amended tax forms You must report as interest so-called “dividends” on deposits or on share accounts in: Cooperative banks, Credit unions, Domestic building and loan associations, Domestic savings and loan associations, Federal savings and loan associations, and Mutual savings banks. 2012 amended tax forms  The “dividends” will be shown as interest income on Form 1099-INT. 2012 amended tax forms Money market funds. 2012 amended tax forms   Money market funds pay dividends and are offered by nonbank financial institutions, such as mutual funds and stock brokerage houses. 2012 amended tax forms Generally, amounts you receive from money market funds should be reported as dividends, not as interest. 2012 amended tax forms Certificates of deposit and other deferred interest accounts. 2012 amended tax forms   If you open any of these accounts, interest may be paid at fixed intervals of 1 year or less during the term of the account. 2012 amended tax forms You generally must include this interest in your income when you actually receive it or are entitled to receive it without paying a substantial penalty. 2012 amended tax forms The same is true for accounts that mature in 1 year or less and pay interest in a single payment at maturity. 2012 amended tax forms If interest is deferred for more than 1 year, see Original Issue Discount (OID) , later. 2012 amended tax forms Interest subject to penalty for early withdrawal. 2012 amended tax forms   If you withdraw funds from a deferred interest account before maturity, you may have to pay a penalty. 2012 amended tax forms You must report the total amount of interest paid or credited to your account during the year, without subtracting the penalty. 2012 amended tax forms See Penalty on early withdrawal of savings in chapter 1 of Publication 550 for more information on how to report the interest and deduct the penalty. 2012 amended tax forms Money borrowed to invest in certificate of deposit. 2012 amended tax forms   The interest you pay on money borrowed from a bank or savings institution to meet the minimum deposit required for a certificate of deposit from the institution and the interest you earn on the certificate are two separate items. 2012 amended tax forms You must report the total interest you earn on the certificate in your income. 2012 amended tax forms If you itemize deductions, you can deduct the interest you pay as investment interest, up to the amount of your net investment income. 2012 amended tax forms See Interest Expenses in chapter 3 of Publication 550. 2012 amended tax forms Example. 2012 amended tax forms You deposited $5,000 with a bank and borrowed $5,000 from the bank to make up the $10,000 minimum deposit required to buy a 6-month certificate of deposit. 2012 amended tax forms The certificate earned $575 at maturity in 2013, but you received only $265, which represented the $575 you earned minus $310 interest charged on your $5,000 loan. 2012 amended tax forms The bank gives you a Form 1099-INT for 2013 showing the $575 interest you earned. 2012 amended tax forms The bank also gives you a statement showing that you paid $310 interest for 2013. 2012 amended tax forms You must include the $575 in your income. 2012 amended tax forms If you itemize your deductions on Schedule A (Form 1040), you can deduct $310, subject to the net investment income limit. 2012 amended tax forms Gift for opening account. 2012 amended tax forms   If you receive noncash gifts or services for making deposits or for opening an account in a savings institution, you may have to report the value as interest. 2012 amended tax forms   For deposits of less than $5,000, gifts or services valued at more than $10 must be reported as interest. 2012 amended tax forms For deposits of $5,000 or more, gifts or services valued at more than $20 must be reported as interest. 2012 amended tax forms The value is determined by the cost to the financial institution. 2012 amended tax forms Example. 2012 amended tax forms You open a savings account at your local bank and deposit $800. 2012 amended tax forms The account earns $20 interest. 2012 amended tax forms You also receive a $15 calculator. 2012 amended tax forms If no other interest is credited to your account during the year, the Form 1099-INT you receive will show $35 interest for the year. 2012 amended tax forms You must report $35 interest income on your tax return. 2012 amended tax forms Interest on insurance dividends. 2012 amended tax forms   Interest on insurance dividends left on deposit with an insurance company that can be withdrawn annually is taxable to you in the year it is credited to your account. 2012 amended tax forms However, if you can withdraw it only on the anniversary date of the policy (or other specified date), the interest is taxable in the year that date occurs. 2012 amended tax forms Prepaid insurance premiums. 2012 amended tax forms   Any increase in the value of prepaid insurance premiums, advance premiums, or premium deposit funds is interest if it is applied to the payment of premiums due on insurance policies or made available for you to withdraw. 2012 amended tax forms U. 2012 amended tax forms S. 2012 amended tax forms obligations. 2012 amended tax forms   Interest on U. 2012 amended tax forms S. 2012 amended tax forms obligations, such as U. 2012 amended tax forms S. 2012 amended tax forms Treasury bills, notes, and bonds, issued by any agency or instrumentality of the United States is taxable for federal income tax purposes. 2012 amended tax forms Interest on tax refunds. 2012 amended tax forms   Interest you receive on tax refunds is taxable income. 2012 amended tax forms Interest on condemnation award. 2012 amended tax forms   If the condemning authority pays you interest to compensate you for a delay in payment of an award, the interest is taxable. 2012 amended tax forms Installment sale payments. 2012 amended tax forms   If a contract for the sale or exchange of property provides for deferred payments, it also usually provides for interest payable with the deferred payments. 2012 amended tax forms That interest is taxable when you receive it. 2012 amended tax forms If little or no interest is provided for in a deferred payment contract, part of each payment may be treated as interest. 2012 amended tax forms See Unstated Interest and Original Issue Discount in Publication 537, Installment Sales. 2012 amended tax forms Interest on annuity contract. 2012 amended tax forms   Accumulated interest on an annuity contract you sell before its maturity date is taxable. 2012 amended tax forms Usurious interest. 2012 amended tax forms   Usurious interest is interest charged at an illegal rate. 2012 amended tax forms This is taxable as interest unless state law automatically changes it to a payment on the principal. 2012 amended tax forms Interest income on frozen deposits. 2012 amended tax forms   Exclude from your gross income interest on frozen deposits. 2012 amended tax forms A deposit is frozen if, at the end of the year, you cannot withdraw any part of the deposit because: The financial institution is bankrupt or insolvent, or The state where the institution is located has placed limits on withdrawals because other financial institutions in the state are bankrupt or insolvent. 2012 amended tax forms   The amount of interest you must exclude is the interest that was credited on the frozen deposits minus the sum of: The net amount you withdrew from these deposits during the year, and The amount you could have withdrawn as of the end of the year (not reduced by any penalty for premature withdrawals of a time deposit). 2012 amended tax forms If you receive a Form 1099-INT for interest income on deposits that were frozen at the end of 2013, see Frozen deposits under How To Report Interest Income in chapter 1 of Publication 550, for information about reporting this interest income exclusion on your tax return. 2012 amended tax forms   The interest you exclude is treated as credited to your account in the following year. 2012 amended tax forms You must include it in income in the year you can withdraw it. 2012 amended tax forms Example. 2012 amended tax forms $100 of interest was credited on your frozen deposit during the year. 2012 amended tax forms You withdrew $80 but could not withdraw any more as of the end of the year. 2012 amended tax forms You must include $80 in your income and exclude $20 from your income for the year. 2012 amended tax forms You must include the $20 in your income for the year you can withdraw it. 2012 amended tax forms Bonds traded flat. 2012 amended tax forms   If you buy a bond at a discount when interest has been defaulted or when the interest has accrued but has not been paid, the transaction is described as trading a bond flat. 2012 amended tax forms The defaulted or unpaid interest is not income and is not taxable as interest if paid later. 2012 amended tax forms When you receive a payment of that interest, it is a return of capital that reduces the remaining cost basis of your bond. 2012 amended tax forms Interest that accrues after the date of purchase, however, is taxable interest income for the year it is received or accrued. 2012 amended tax forms See Bonds Sold Between Interest Dates , later, for more information. 2012 amended tax forms Below-market loans. 2012 amended tax forms   In general, a below-market loan is a loan on which no interest is charged or on which interest is charged at a rate below the applicable federal rate. 2012 amended tax forms See Below-Market Loans in chapter 1 of Publication 550 for more information. 2012 amended tax forms U. 2012 amended tax forms S. 2012 amended tax forms Savings Bonds This section provides tax information on U. 2012 amended tax forms S. 2012 amended tax forms savings bonds. 2012 amended tax forms It explains how to report the interest income on these bonds and how to treat transfers of these bonds. 2012 amended tax forms For other information on U. 2012 amended tax forms S. 2012 amended tax forms savings bonds, write to:  For series EE and I paper savings bonds: Bureau of the Public Debt Division of Customer Assistance P. 2012 amended tax forms O. 2012 amended tax forms Box 7012 Parkersburg, WV 26106-7012  For series EE and I electronic bonds: Bureau of the Public Debt Division of Customer Assistance P. 2012 amended tax forms O. 2012 amended tax forms Box 7015 Parkersburg, WV 26106–7015  For series HH/H: Bureau of the Public Debt Division of Customer Assistance P. 2012 amended tax forms O. 2012 amended tax forms Box 2186 Parkersburg, WV 26106-2186 Or, on the Internet, visit: www. 2012 amended tax forms treasurydirect. 2012 amended tax forms gov/indiv/indiv. 2012 amended tax forms htm. 2012 amended tax forms Accrual method taxpayers. 2012 amended tax forms   If you use an accrual method of accounting, you must report interest on U. 2012 amended tax forms S. 2012 amended tax forms savings bonds each year as it accrues. 2012 amended tax forms You cannot postpone reporting interest until you receive it or until the bonds mature. 2012 amended tax forms Accrual methods of accounting are explained in chapter 1 under Accounting Methods . 2012 amended tax forms Cash method taxpayers. 2012 amended tax forms   If you use the cash method of accounting, as most individual taxpayers do, you generally report the interest on U. 2012 amended tax forms S. 2012 amended tax forms savings bonds when you receive it. 2012 amended tax forms The cash method of accounting is explained in chapter 1 under Accounting Methods. 2012 amended tax forms But see Reporting options for cash method taxpayers , later. 2012 amended tax forms Series HH bonds. 2012 amended tax forms    These bonds were issued at face value. 2012 amended tax forms Interest is paid twice a year by direct deposit to your bank account. 2012 amended tax forms If you are a cash method taxpayer, you must report interest on these bonds as income in the year you receive it. 2012 amended tax forms   Series HH bonds were first offered in 1980 and last offered in August 2004. 2012 amended tax forms Before 1980, series H bonds were issued. 2012 amended tax forms Series H bonds are treated the same as series HH bonds. 2012 amended tax forms If you are a cash method taxpayer, you must report the interest when you receive it. 2012 amended tax forms   Series H bonds have a maturity period of 30 years. 2012 amended tax forms Series HH bonds mature in 20 years. 2012 amended tax forms The last series H bonds matured in 2009. 2012 amended tax forms Series EE and series I bonds. 2012 amended tax forms   Interest on these bonds is payable when you redeem the bonds. 2012 amended tax forms The difference between the purchase price and the redemption value is taxable interest. 2012 amended tax forms Series EE bonds. 2012 amended tax forms   Series EE bonds were first offered in January 1980 and have a maturity period of 30 years. 2012 amended tax forms   Before July 1980, series E bonds were issued. 2012 amended tax forms The original 10-year maturity period of series E bonds has been extended to 40 years for bonds issued before December 1965 and 30 years for bonds issued after November 1965. 2012 amended tax forms Paper series EE and series E bonds are issued at a discount. 2012 amended tax forms The face value is payable to you at maturity. 2012 amended tax forms Electronic series EE bonds are issued at their face value. 2012 amended tax forms The face value plus accrued interest is payable to you at maturity. 2012 amended tax forms As of January 1, 2012, paper savings bonds were no longer sold at financial institutions. 2012 amended tax forms   Owners of paper series EE bonds can convert them to electronic bonds. 2012 amended tax forms These converted bonds do not retain the denomination listed on the paper certificate but are posted at their purchase price (with accrued interest). 2012 amended tax forms Series I bonds. 2012 amended tax forms   Series I bonds were first offered in 1998. 2012 amended tax forms These are inflation-indexed bonds issued at their face amount with a maturity period of 30 years. 2012 amended tax forms The face value plus all accrued interest is payable to you at maturity. 2012 amended tax forms Reporting options for cash method taxpayers. 2012 amended tax forms   If you use the cash method of reporting income, you can report the interest on series EE, series E, and series I bonds in either of the following ways. 2012 amended tax forms Method 1. 2012 amended tax forms Postpone reporting the interest until the earlier of the year you cash or dispose of the bonds or the year they mature. 2012 amended tax forms (However, see Savings bonds traded , later. 2012 amended tax forms )  Note. 2012 amended tax forms Series EE bonds issued in 1983 matured in 2013. 2012 amended tax forms If you have used method 1, you generally must report the interest on these bonds on your 2013 return. 2012 amended tax forms The last series E bonds were issued in 1980 and matured in 2010. 2012 amended tax forms If you used method 1, you generally should have reported the interest on these bonds on your 2010 return. 2012 amended tax forms Method 2. 2012 amended tax forms Choose to report the increase in redemption value as interest each year. 2012 amended tax forms You must use the same method for all series EE, series E, and series I bonds you own. 2012 amended tax forms If you do not choose method 2 by reporting the increase in redemption value as interest each year, you must use method 1. 2012 amended tax forms    If you plan to cash your bonds in the same year you will pay for higher education expenses, you may want to use method 1 because you may be able to exclude the interest from your income. 2012 amended tax forms To learn how, see Education Savings Bond Program, later. 2012 amended tax forms Change from method 1. 2012 amended tax forms   If you want to change your method of reporting the interest from method 1 to method 2, you can do so without permission from the IRS. 2012 amended tax forms In the year of change you must report all interest accrued to date and not previously reported for all your bonds. 2012 amended tax forms   Once you choose to report the interest each year, you must continue to do so for all series EE, series E, and series I bonds you own and for any you get later, unless you request permission to change, as explained next. 2012 amended tax forms Change from method 2. 2012 amended tax forms   To change from method 2 to method 1, you must request permission from the IRS. 2012 amended tax forms Permission for the change is automatically granted if you send the IRS a statement that meets all the following requirements. 2012 amended tax forms You have typed or printed the following number at the top: “131. 2012 amended tax forms ” It includes your name and social security number under “131. 2012 amended tax forms ” It includes the year of change (both the beginning and ending dates). 2012 amended tax forms It identifies the savings bonds for which you are requesting this change. 2012 amended tax forms It includes your agreement to: Report all interest on any bonds acquired during or after the year of change when the interest is realized upon disposition, redemption, or final maturity, whichever is earliest, and Report all interest on the bonds acquired before the year of change when the interest is realized upon disposition, redemption, or final maturity, whichever is earliest, with the exception of the interest reported in prior tax years. 2012 amended tax forms   You must attach this statement to your tax return for the year of change, which you must file by the due date (including extensions). 2012 amended tax forms   You can have an automatic extension of 6 months from the due date of your return for the year of change (excluding extensions) to file the statement with an amended return. 2012 amended tax forms On the statement, type or print “Filed pursuant to section 301. 2012 amended tax forms 9100-2. 2012 amended tax forms ” To get this extension, you must have filed your original return for the year of the change by the due date (including extensions). 2012 amended tax forms    By the date you file the original statement with your return, you must also send a signed copy to the address below. 2012 amended tax forms   Internal Revenue Service Attention: CC:IT&A (Automatic Rulings Branch) P. 2012 amended tax forms O. 2012 amended tax forms Box 7604 Benjamin Franklin Station Washington, DC 20044   If you use a private delivery service, send the signed copy to the address below. 2012 amended tax forms   Internal Revenue Service Attention: CC:IT&A (Automatic Rulings Branch) Room 5336 1111 Constitution Avenue, NW  Washington, DC 20224   Instead of filing this statement, you can request permission to change from method 2 to method 1 by filing Form 3115, Application for Change in Accounting Method. 2012 amended tax forms In that case, follow the form instructions for an automatic change. 2012 amended tax forms No user fee is required. 2012 amended tax forms Co-owners. 2012 amended tax forms   If a U. 2012 amended tax forms S. 2012 amended tax forms savings bond is issued in the names of co-owners, such as you and your child or you and your spouse, interest on the bond is generally taxable to the co-owner who bought the bond. 2012 amended tax forms One co-owner's funds used. 2012 amended tax forms    If you used your funds to buy the bond, you must pay the tax on the interest. 2012 amended tax forms This is true even if you let the other co-owner redeem the bond and keep all the proceeds. 2012 amended tax forms Under these circumstances, the co-owner who redeemed the bond will receive a Form 1099-INT at the time of redemption and must provide you with another Form 1099-INT showing the amount of interest from the bond taxable to you. 2012 amended tax forms The co-owner who redeemed the bond is a “nominee. 2012 amended tax forms ” See Nominee distributions under How To Report Interest Income in chapter 1 of Publication 550 for more information about how a person who is a nominee reports interest income belonging to another person. 2012 amended tax forms Both co-owners' funds used. 2012 amended tax forms   If you and the other co-owner each contribute part of the bond's purchase price, the interest is generally taxable to each of you, in proportion to the amount each of you paid. 2012 amended tax forms Community property. 2012 amended tax forms   If you and your spouse live in a community property state and hold bonds as community property, one-half of the interest is considered received by each of you. 2012 amended tax forms If you file separate returns, each of you generally must report one-half of the bond interest. 2012 amended tax forms For more information about community property, see Publication 555. 2012 amended tax forms Table 7-1. 2012 amended tax forms   These rules are also shown in Table 7-1. 2012 amended tax forms Ownership transferred. 2012 amended tax forms   If you bought series E, series EE, or series I bonds entirely with your own funds and had them reissued in your co-owner's name or beneficiary's name alone, you must include in your gross income for the year of reissue all interest that you earned on these bonds and have not previously reported. 2012 amended tax forms But, if the bonds were reissued in your name alone, you do not have to report the interest accrued at that time. 2012 amended tax forms   This same rule applies when bonds (other than bonds held as community property) are transferred between spouses or incident to divorce. 2012 amended tax forms Purchased jointly. 2012 amended tax forms   If you and a co-owner each contributed funds to buy series E, series EE, or series I bonds jointly and later have the bonds reissued in the co-owner's name alone, you must include in your gross income for the year of reissue your share of all the interest earned on the bonds that you have not previously reported. 2012 amended tax forms The former co-owner does not have to include in gross income at the time of reissue his or her share of the interest earned that was not reported before the transfer. 2012 amended tax forms This interest, however, as well as all interest earned after the reissue, is income to the former co-owner. 2012 amended tax forms   This income-reporting rule also applies when the bonds are reissued in the name of your former co-owner and a new co-owner. 2012 amended tax forms But the new co-owner will report only his or her share of the interest earned after the transfer. 2012 amended tax forms   If bonds that you and a co-owner bought jointly are reissued to each of you separately in the same proportion as your contribution to the purchase price, neither you nor your co-owner has to report at that time the interest earned before the bonds were reissued. 2012 amended tax forms    Table 7-1. 2012 amended tax forms Who Pays the Tax on U. 2012 amended tax forms S. 2012 amended tax forms Savings Bond Interest IF . 2012 amended tax forms . 2012 amended tax forms . 2012 amended tax forms THEN the interest must be reported by . 2012 amended tax forms . 2012 amended tax forms . 2012 amended tax forms you buy a bond in your name and the name of another person as co-owners, using only your own funds you. 2012 amended tax forms you buy a bond in the name of another person, who is the sole owner of the bond the person for whom you bought the bond. 2012 amended tax forms you and another person buy a bond as co-owners, each contributing part of the purchase price both you and the other co-owner, in proportion to the amount each paid for the bond. 2012 amended tax forms you and your spouse, who live in a community property state, buy a bond that is community property you and your spouse. 2012 amended tax forms If you file separate returns, both you and your spouse generally report one-half of the interest. 2012 amended tax forms Example 1. 2012 amended tax forms You and your spouse each spent an equal amount to buy a $1,000 series EE savings bond. 2012 amended tax forms The bond was issued to you and your spouse as co-owners. 2012 amended tax forms You both postpone reporting interest on the bond. 2012 amended tax forms You later have the bond reissued as two $500 bonds, one in your name and one in your spouse's name. 2012 amended tax forms At that time neither you nor your spouse has to report the interest earned to the date of reissue. 2012 amended tax forms Example 2. 2012 amended tax forms You bought a $1,000 series EE savings bond entirely with your own funds. 2012 amended tax forms The bond was issued to you and your spouse as co-owners. 2012 amended tax forms You both postpone reporting interest on the bond. 2012 amended tax forms You later have the bond reissued as two $500 bonds, one in your name and one in your spouse's name. 2012 amended tax forms You must report half the interest earned to the date of reissue. 2012 amended tax forms Transfer to a trust. 2012 amended tax forms   If you own series E, series EE, or series I bonds and transfer them to a trust, giving up all rights of ownership, you must include in your income for that year the interest earned to the date of transfer if you have not already reported it. 2012 amended tax forms However, if you are considered the owner of the trust and if the increase in value both before and after the transfer continues to be taxable to you, you can continue to defer reporting the interest earned each year. 2012 amended tax forms You must include the total interest in your income in the year you cash or dispose of the bonds or the year the bonds finally mature, whichever is earlier. 2012 amended tax forms   The same rules apply to previously unreported interest on series EE or series E bonds if the transfer to a trust consisted of series HH or series H bonds you acquired in a trade for the series EE or series E bonds. 2012 amended tax forms See Savings bonds traded , later. 2012 amended tax forms Decedents. 2012 amended tax forms   The manner of reporting interest income on series E, series EE, or series I bonds, after the death of the owner (decedent), depends on the accounting and income-reporting methods previously used by the decedent. 2012 amended tax forms This is explained in chapter 1 of Publication 550. 2012 amended tax forms Savings bonds traded. 2012 amended tax forms   If you postponed reporting the interest on your series EE or series E bonds, you did not recognize taxable income when you traded the bonds for series HH or series H bonds, unless you received cash in the trade. 2012 amended tax forms (You cannot trade series I bonds for series HH bonds. 2012 amended tax forms After August 31, 2004, you cannot trade any other series of bonds for series HH bonds. 2012 amended tax forms ) Any cash you received is income up to the amount of the interest earned on the bonds traded. 2012 amended tax forms When your series HH or series H bonds mature, or if you dispose of them before maturity, you report as interest the difference between their redemption value and your cost. 2012 amended tax forms Your cost is the sum of the amount you paid for the traded series EE or series E bonds plus any amount you had to pay at the time of the trade. 2012 amended tax forms Example. 2012 amended tax forms You traded series EE bonds (on which you postponed reporting the interest) for $2,500 in series HH bonds and $223 in cash. 2012 amended tax forms You reported the $223 as taxable income on your tax return. 2012 amended tax forms At the time of the trade, the series EE bonds had accrued interest of $523 and a redemption value of $2,723. 2012 amended tax forms You hold the series HH bonds until maturity, when you receive $2,500. 2012 amended tax forms You must report $300 as interest income in the year of maturity. 2012 amended tax forms This is the difference between their redemption value, $2,500, and your cost, $2,200 (the amount you paid for the series EE bonds). 2012 amended tax forms (It is also the difference between the accrued interest of $523 on the series EE bonds and the $223 cash received on the trade. 2012 amended tax forms ) Choice to report interest in year of trade. 2012 amended tax forms   You could have chosen to treat all of the previously unreported accrued interest on the series EE or series E bonds traded for series HH bonds as income in the year of the trade. 2012 amended tax forms If you made this choice, it is treated as a change from method 1. 2012 amended tax forms See Change from method 1 under Series EE and series I bonds, earlier. 2012 amended tax forms Form 1099-INT for U. 2012 amended tax forms S. 2012 amended tax forms savings bonds interest. 2012 amended tax forms   When you cash a bond, the bank or other payer that redeems it must give you a Form 1099-INT if the interest part of the payment you receive is $10 or more. 2012 amended tax forms Box 3 of your Form 1099-INT should show the interest as the difference between the amount you received and the amount paid for the bond. 2012 amended tax forms However, your Form 1099-INT may show more interest than you have to include on your income tax return. 2012 amended tax forms For example, this may happen if any of the following are true. 2012 amended tax forms You chose to report the increase in the redemption value of the bond each year. 2012 amended tax forms The interest shown on your Form 1099-INT will not be reduced by amounts previously included in income. 2012 amended tax forms You received the bond from a decedent. 2012 amended tax forms The interest shown on your Form 1099-INT will not be reduced by any interest reported by the decedent before death, or on the decedent's final return, or by the estate on the estate's income tax return. 2012 amended tax forms Ownership of the bond was transferred. 2012 amended tax forms The interest shown on your Form 1099-INT will not be reduced by interest that accrued before the transfer. 2012 amended tax forms You were named as a co-owner, and the other co-owner contributed funds to buy the bond. 2012 amended tax forms The interest shown on your Form 1099-INT will not be reduced by the amount you received as nominee for the other co-owner. 2012 amended tax forms (See Co-owners , earlier in this chapter, for more information about the reporting requirements. 2012 amended tax forms ) You received the bond in a taxable distribution from a retirement or profit-sharing plan. 2012 amended tax forms The interest shown on your Form 1099-INT will not be reduced by the interest portion of the amount taxable as a distribution from the plan and not taxable as interest. 2012 amended tax forms (This amount is generally shown on Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. 2012 amended tax forms , for the year of distribution. 2012 amended tax forms )   For more information on including the correct amount of interest on your return, see How To Report Interest Income , later. 2012 amended tax forms Publication 550 includes examples showing how to report these amounts. 2012 amended tax forms    Interest on U. 2012 amended tax forms S. 2012 amended tax forms savings bonds is exempt from state and local taxes. 2012 amended tax forms The Form 1099-INT you receive will indicate the amount that is for U. 2012 amended tax forms S. 2012 amended tax forms savings bond interest in box 3. 2012 amended tax forms Education Savings Bond Program You may be able to exclude from income all or part of the interest you receive on the redemption of qualified U. 2012 amended tax forms S. 2012 amended tax forms savings bonds during the year if you pay qualified higher educational expenses during the same year. 2012 amended tax forms This exclusion is known as the Education Savings Bond Program. 2012 amended tax forms You do not qualify for this exclusion if your filing status is married filing separately. 2012 amended tax forms Form 8815. 2012 amended tax forms   Use Form 8815 to figure your exclusion. 2012 amended tax forms Attach the form to your Form 1040 or Form 1040A. 2012 amended tax forms Qualified U. 2012 amended tax forms S. 2012 amended tax forms savings bonds. 2012 amended tax forms   A qualified U. 2012 amended tax forms S. 2012 amended tax forms savings bond is a series EE bond issued after 1989 or a series I bond. 2012 amended tax forms The bond must be issued either in your name (sole owner) or in your and your spouse's names (co-owners). 2012 amended tax forms You must be at least 24 years old before the bond's issue date. 2012 amended tax forms For example, a bond bought by a parent and issued in the name of his or her child under age 24 does not qualify for the exclusion by the parent or child. 2012 amended tax forms    The issue date of a bond may be earlier than the date the bond is purchased because the issue date assigned to a bond is the first day of the month in which it is purchased. 2012 amended tax forms Beneficiary. 2012 amended tax forms   You can designate any individual (including a child) as a beneficiary of the bond. 2012 amended tax forms Verification by IRS. 2012 amended tax forms   If you claim the exclusion, the IRS will check it by using bond redemption information from the Department of the Treasury. 2012 amended tax forms Qualified expenses. 2012 amended tax forms   Qualified higher educational expenses are tuition and fees required for you, your spouse, or your dependent (for whom you claim an exemption) to attend an eligible educational institution. 2012 amended tax forms   Qualified expenses include any contribution you make to a qualified tuition program or to a Coverdell education savings account. 2012 amended tax forms   Qualified expenses do not include expenses for room and board or for courses involving sports, games, or hobbies that are not part of a degree or certificate granting program. 2012 amended tax forms Eligible educational institutions. 2012 amended tax forms   These institutions include most public, private, and nonprofit universities, colleges, and vocational schools that are accredited and eligible to participate in student aid programs run by the U. 2012 amended tax forms S. 2012 amended tax forms Department of Education. 2012 amended tax forms Reduction for certain benefits. 2012 amended tax forms   You must reduce your qualified higher educational expenses by all of the following tax-free benefits. 2012 amended tax forms Tax-free part of scholarships and fellowships (see Scholarships and fellowships in chapter 12). 2012 amended tax forms Expenses used to figure the tax-free portion of distributions from a Coverdell ESA. 2012 amended tax forms Expenses used to figure the tax-free portion of distributions from a qualified tuition program. 2012 amended tax forms Any tax-free payments (other than gifts or inheritances) received for educational expenses, such as Veterans' educational assistance benefits, Qualified tuition reductions, or Employer-provided educational assistance. 2012 amended tax forms Any expense used in figuring the American Opportunity and lifetime learning credits. 2012 amended tax forms Amount excludable. 2012 amended tax forms   If the total proceeds (interest and principal) from the qualified U. 2012 amended tax forms S. 2012 amended tax forms savings bonds you redeem during the year are not more than your adjusted qualified higher educational expenses for the year, you may be able to exclude all of the interest. 2012 amended tax forms If the proceeds are more than the expenses, you may be able to exclude only part of the interest. 2012 amended tax forms   To determine the excludable amount, multiply the interest part of the proceeds by a fraction. 2012 amended tax forms The numerator of the fraction is the qualified higher educational expenses you paid during the year. 2012 amended tax forms The denominator of the fraction is the total proceeds you received during the year. 2012 amended tax forms Example. 2012 amended tax forms In February 2013, Mark and Joan, a married couple, cashed a qualified series EE U. 2012 amended tax forms S. 2012 amended tax forms savings bond they bought in April 1997. 2012 amended tax forms They received proceeds of $8,372 representing principal of $5,000 and interest of $3,372. 2012 amended tax forms In 2013, they paid $4,000 of their daughter's college tuition. 2012 amended tax forms They are not claiming an education credit for that amount, and their daughter does not have any tax-free educational assistance. 2012 amended tax forms They can exclude $1,611 ($3,372 × ($4,000 ÷ $8,372)) of interest in 2013. 2012 amended tax forms They must pay tax on the remaining $1,761 ($3,372 − $1,611) interest. 2012 amended tax forms Modified adjusted gross income limit. 2012 amended tax forms   The interest exclusion is limited if your modified adjusted gross income (modified AGI) is: $74,700 to $89,700 for taxpayers filing single or head of household, and $112,050 to $142,050 for married taxpayers filing jointly or for a qualifying widow(er) with dependent child. 2012 amended tax forms You do not qualify for the interest exclusion if your modified AGI is equal to or more than the upper limit for your filing status. 2012 amended tax forms   Modified AGI, for purposes of this exclusion, is adjusted gross income (Form 1040, line 37, or Form 1040A, line 21) figured before the interest exclusion, and modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion and deduction, Exclusion of income for bona fide residents of American Samoa, Exclusion for income from Puerto Rico, Exclusion for adoption benefits received under an employer's adoption assistance program, Deduction for tuition and fees, Deduction for student loan interest, and Deduction for domestic production activities. 2012 amended tax forms   Use the Line 9 Worksheet in the Form 8815 instructions to figure your modified AGI. 2012 amended tax forms If you claim any of the exclusion or deduction items listed above (except items 6, 7, and 8), add the amount of the exclusion or deduction (except items 6, 7, and 8) to the amount on line 5 of the worksheet, and enter the total on Form 8815, line 9, as your modified AGI. 2012 amended tax forms   If you have investment interest expense incurred to earn royalties and other investment income, see Education Savings Bond Program in chapter 1 of Publication 550. 2012 amended tax forms Recordkeeping. 2012 amended tax forms If you claim the interest exclusion, you must keep a written record of the qualified U. 2012 amended tax forms S. 2012 amended tax forms savings bonds you redeem. 2012 amended tax forms Your record must include the serial number, issue date, face value, and total redemption proceeds (principal and interest) of each bond. 2012 amended tax forms You can use Form 8818 to record this information. 2012 amended tax forms You should also keep bills, receipts, canceled checks, or other documentation that shows you paid qualified higher educational expenses during the year. 2012 amended tax forms U. 2012 amended tax forms S. 2012 amended tax forms Treasury Bills, Notes, and Bonds Treasury bills, notes, and bonds are direct debts (obligations) of the U. 2012 amended tax forms S. 2012 amended tax forms Government. 2012 amended tax forms Taxation of interest. 2012 amended tax forms   Interest income from Treasury bills, notes, and bonds is subject to federal income tax but is exempt from all state and local income taxes. 2012 amended tax forms You should receive Form 1099-INT showing the interest (in box 3) paid to you for the year. 2012 amended tax forms   Payments of principal and interest generally will be credited to your designated checking or savings account by direct deposit through the TreasuryDirect® system. 2012 amended tax forms Treasury bills. 2012 amended tax forms   These bills generally have a 4-week, 13-week, 26-week, or 52-week maturity period. 2012 amended tax forms They are generally issued at a discount in the amount of $100 and multiples of $100. 2012 amended tax forms The difference between the discounted price you pay for the bills and the face value you receive at maturity is interest income. 2012 amended tax forms Generally, you report this interest income when the bill is paid at maturity. 2012 amended tax forms If you paid a premium for a bill (more than the face value), you generally report the premium as a section 171 deduction when the bill is paid at maturity. 2012 amended tax forms Treasury notes and bonds. 2012 amended tax forms   Treasury notes have maturity periods of more than 1 year, ranging up to 10 years. 2012 amended tax forms Maturity periods for Treasury bonds are longer than 10 years. 2012 amended tax forms Both generally are issued in denominations of $100 to $1 million and generally pay interest every 6 months. 2012 amended tax forms Generally, you report this interest for the year paid. 2012 amended tax forms For more information, see U. 2012 amended tax forms S. 2012 amended tax forms Treasury Bills, Notes, and Bonds in chapter 1 of Publication 550. 2012 amended tax forms For other information on Treasury notes or bonds, write to:  Bureau of the Public Debt P. 2012 amended tax forms O. 2012 amended tax forms Box 7015 Parkersburg, WV 26106-7015 Or, on the Internet, visit: www. 2012 amended tax forms treasurydirect. 2012 amended tax forms gov/indiv/indiv. 2012 amended tax forms htm. 2012 amended tax forms For information on series EE, series I, and series HH savings bonds, see U. 2012 amended tax forms S. 2012 amended tax forms Savings Bonds , earlier. 2012 amended tax forms Treasury inflation-protected securities (TIPS). 2012 amended tax forms   These securities pay interest twice a year at a fixed rate, based on a principal amount adjusted to take into account inflation and deflation. 2012 amended tax forms For the tax treatment of these securities, see Inflation-Indexed Debt Instruments under Original Issue Discount (OID), in Publication 550. 2012 amended tax forms Bonds Sold Between Interest Dates If you sell a bond between interest payment dates, part of the sales price represents interest accrued to the date of sale. 2012 amended tax forms You must report that part of the sales price as interest income for the year of sale. 2012 amended tax forms If you buy a bond between interest payment dates, part of the purchase price represents interest accrued before the date of purchase. 2012 amended tax forms When that interest is paid to you, treat it as a return of your capital investment, rather than interest income, by reducing your basis in the bond. 2012 amended tax forms See Accrued interest on bonds under How To Report Interest Income in chapter 1 of Publication 550 for information on reporting the payment. 2012 amended tax forms Insurance Life insurance proceeds paid to you as beneficiary of the insured person are usually not taxable. 2012 amended tax forms But if you receive the proceeds in installments, you must usually report a part of each installment payment as interest income. 2012 amended tax forms For more information about insurance proceeds received in installments, see Publication 525, Taxable and Nontaxable Income. 2012 amended tax forms Annuity. 2012 amended tax forms   If you buy an annuity with life insurance proceeds, the annuity payments you receive are taxed as pension and annuity income from a nonqualified plan, not as interest income. 2012 amended tax forms See chapter 10 for information on pension and annuity income from nonqualified plans. 2012 amended tax forms State or Local Government Obligations Interest on a bond used to finance government operations generally is not taxable if the bond is issued by a state, the District of Columbia, a possession of the United States, or any of their political subdivisions. 2012 amended tax forms Bonds issued after 1982 (including tribal economic development bonds issued after February 17, 2009) by an Indian tribal government are treated as issued by a state. 2012 amended tax forms Interest on these bonds is generally tax exempt if the bonds are part of an issue of which substantially all proceeds are to be used in the exercise of any essential government function. 2012 amended tax forms For information on federally guaranteed bonds, mortgage revenue bonds, arbitrage bonds, private activity bonds, qualified tax credit bonds, and Build America bonds, see State or Local Government Obligations in chapter 1 of Publication 550. 2012 amended tax forms Information reporting requirement. 2012 amended tax forms   If you must file a tax return, you are required to show any tax-exempt interest you received on your return. 2012 amended tax forms This is an information reporting requirement only. 2012 amended tax forms It does not change tax-exempt interest to taxable interest. 2012 amended tax forms Original Issue Discount (OID) Original issue discount (OID) is a form of interest. 2012 amended tax forms You generally include OID in your income as it accrues over the term of the debt instrument, whether or not you receive any payments from the issuer. 2012 amended tax forms A debt instrument generally has OID when the instrument is issued for a price that is less than its stated redemption price at maturity. 2012 amended tax forms OID is the difference between the stated redemption price at maturity and the issue price. 2012 amended tax forms All debt instruments that pay no interest before maturity are presumed to be issued at a discount. 2012 amended tax forms Zero coupon bonds are one example of these instruments. 2012 amended tax forms The OID accrual rules generally do not apply to short-term obligations (those with a fixed maturity date of 1 year or less from date of issue). 2012 amended tax forms See Discount on Short-Term Obligations in chapter 1 of Publication 550. 2012 amended tax forms De minimis OID. 2012 amended tax forms   You can treat the discount as zero if it is less than one-fourth of 1% (. 2012 amended tax forms 0025) of the stated redemption price at maturity multiplied by the number of full years from the date of original issue to maturity. 2012 amended tax forms This small discount is known as “de minimis” OID. 2012 amended tax forms Example 1. 2012 amended tax forms You bought a 10-year bond with a stated redemption price at maturity of $1,000, issued at $980 with OID of $20. 2012 amended tax forms One-fourth of 1% of $1,000 (stated redemption price) times 10 (the number of full years from the date of original issue to maturity) equals $25. 2012 amended tax forms Because the $20 discount is less than $25, the OID is treated as zero. 2012 amended tax forms (If you hold the bond at maturity, you will recognize $20 ($1,000 − $980) of capital gain. 2012 amended tax forms ) Example 2. 2012 amended tax forms The facts are the same as in Example 1, except that the bond was issued at $950. 2012 amended tax forms The OID is $50. 2012 amended tax forms Because the $50 discount is more than the $25 figured in Example 1, you must include the OID in income as it accrues over the term of the bond. 2012 amended tax forms Debt instrument bought after original issue. 2012 amended tax forms   If you buy a debt instrument with de minimis OID at a premium, the discount is not includible in income. 2012 amended tax forms If you buy a debt instrument with de minimis OID at a discount, the discount is reported under the market discount rules. 2012 amended tax forms See Market Discount Bonds in chapter 1 of Publication 550. 2012 amended tax forms Exceptions to reporting OID. 2012 amended tax forms   The OID rules discussed in this chapter do not apply to the following debt instruments. 2012 amended tax forms Tax-exempt obligations. 2012 amended tax forms (However, see Stripped tax-exempt obligations under Stripped Bonds and Coupons in chapter 1 of Publication 550). 2012 amended tax forms U. 2012 amended tax forms S. 2012 amended tax forms savings bonds. 2012 amended tax forms Short-term debt instruments (those with a fixed maturity date of not more than 1 year from the date of issue). 2012 amended tax forms Obligations issued by an individual before March 2, 1984. 2012 amended tax forms Loans between individuals if all the following are true. 2012 amended tax forms The lender is not in the business of lending money. 2012 amended tax forms The amount of the loan, plus the amount of any outstanding prior loans between the same individuals, is $10,000 or less. 2012 amended tax forms Avoiding any federal tax is not one of the principal purposes of the loan. 2012 amended tax forms Form 1099-OID. 2012 amended tax forms   The issuer of the debt instrument (or your broker if you held the instrument through a broker) should give you Form 1099-OID, or a similar statement, if the total OID for the calendar year is $10 or more. 2012 amended tax forms Form 1099-OID will show, in box 1, the amount of OID for the part of the year that you held the bond. 2012 amended tax forms It also will show, in box 2, the stated interest you must include in your income. 2012 amended tax forms A copy of Form 1099-OID will be sent to the IRS. 2012 amended tax forms Do not file your copy with your return. 2012 amended tax forms Keep it for your records. 2012 amended tax forms   In most cases, you must report the entire amount in boxes 1 and 2 of Form 1099-OID as interest income. 2012 amended tax forms But see Refiguring OID shown on Form 1099-OID, later in this discussion, for more information. 2012 amended tax forms Form 1099-OID not received. 2012 amended tax forms   If you had OID for the year but did not receive a Form 1099-OID, you can find tables on IRS. 2012 amended tax forms gov that list total OID on certain debt instruments and have information that will help you figure OID. 2012 amended tax forms For the latest OID tables, go to www. 2012 amended tax forms irs. 2012 amended tax forms gov and enter “OID tables” in the Search box. 2012 amended tax forms If your debt instrument is not listed, consult the issuer for further information about the accrued OID for the year. 2012 amended tax forms Nominee. 2012 amended tax forms   If someone else is the holder of record (the registered owner) of an OID instrument belonging to you and receives a Form 1099-OID on your behalf, that person must give you a Form 1099-OID. 2012 amended tax forms Refiguring OID shown on Form 1099-OID. 2012 amended tax forms   You must refigure the OID shown in box 1 or box 8 of Form 1099-OID if either of the following apply. 2012 amended tax forms You bought the debt instrument after its original issue and paid a premium or an acquisition premium. 2012 amended tax forms The debt instrument is a stripped bond or a stripped coupon (including certain zero coupon instruments). 2012 amended tax forms For information about figuring the correct amount of OID to include in your income, see Figuring OID on Long-Term Debt Instruments in Publication 1212. 2012 amended tax forms Refiguring periodic interest shown on Form 1099-OID. 2012 amended tax forms   If you disposed of a debt instrument or acquired it from another holder during the year, see Bonds Sold Between Interest Dates , earlier, for information about the treatment of periodic interest that may be shown in box 2 of Form 1099-OID for that instrument. 2012 amended tax forms Certificates of deposit (CDs). 2012 amended tax forms   If you buy a CD with a maturity of more than 1 year, you must include in income each year a part of the total interest due and report it in the same manner as other OID. 2012 amended tax forms   This also applies to similar deposit arrangements with banks, building and loan associations, etc. 2012 amended tax forms , including: Time deposits, Bonus plans, Savings certificates, Deferred income certificates, Bonus savings certificates, and Growth savings certificates. 2012 amended tax forms Bearer CDs. 2012 amended tax forms   CDs issued after 1982 generally must be in registered form. 2012 amended tax forms Bearer CDs are CDs not in registered form. 2012 amended tax forms They are not issued in the depositor's name and are transferable from one individual to another. 2012 amended tax forms   Banks must provide the IRS and the person redeeming a bearer CD with a Form 1099-INT. 2012 amended tax forms More information. 2012 amended tax forms   See chapter 1 of Publication 550 for more information about OID and related topics, such as market discount bonds. 2012 amended tax forms When To Report Interest Income When to report your interest income depends on whether you use the cash method or an accrual method to report income. 2012 amended tax forms Cash method. 2012 amended tax forms   Most individual taxpayers use the cash method. 2012 amended tax forms If you use this method, you generally report your interest income in the year in which you actually or constructively receive it. 2012 amended tax forms However, there are special rules for reporting the discount on certain debt instruments. 2012 amended tax forms See U. 2012 amended tax forms S. 2012 amended tax forms Savings Bonds and Original Issue Discount (OID) , earlier. 2012 amended tax forms Example. 2012 amended tax forms On September 1, 2011, you loaned another individual $2,000 at 12%, compounded annually. 2012 amended tax forms You are not in the business of lending money. 2012 amended tax forms The note stated that principal and interest would be due on August 31, 2013. 2012 amended tax forms In 2013, you received $2,508. 2012 amended tax forms 80 ($2,000 principal and $508. 2012 amended tax forms 80 interest). 2012 amended tax forms If you use the cash method, you must include in income on your 2013 return the $508. 2012 amended tax forms 80 interest you received in that year. 2012 amended tax forms Constructive receipt. 2012 amended tax forms   You constructively receive income when it is credited to your account or made available to you. 2012 amended tax forms You do not need to have physical possession of it. 2012 amended tax forms For example, you are considered to receive interest, dividends, or other earnings on any deposit or account in a bank, savings and loan, or similar financial institution, or interest on life insurance policy dividends left to accumulate, when they are credited to your account and subject to your withdrawal. 2012 amended tax forms This is true even if they are not yet entered in your passbook. 2012 amended tax forms   You constructively receive income on the deposit or account even if you must: Make withdrawals in multiples of even amounts, Give a notice to withdraw before making the withdrawal, Withdraw all or part of the account to withdraw the earnings, or Pay a penalty on early withdrawals, unless the interest you are to receive on an early withdrawal or redemption is substantially less than the interest payable at maturity. 2012 amended tax forms Accrual method. 2012 amended tax forms   If you use an accrual method, you report your interest income when you earn it, whether or not you have received it. 2012 amended tax forms Interest is earned over the term of the debt instrument. 2012 amended tax forms Example. 2012 amended tax forms If, in the previous example, you use an accrual method, you must include the interest in your income as you earn it. 2012 amended tax forms You would report the interest as follows: 2011, $80; 2012, $249. 2012 amended tax forms 60; and 2013, $179. 2012 amended tax forms 20. 2012 amended tax forms Coupon bonds. 2012 amended tax forms   Interest on coupon bonds is taxable in the year the coupon becomes due and payable. 2012 amended tax forms It does not matter when you mail the coupon for payment. 2012 amended tax forms How To Report Interest Income Generally, you report all your taxable interest income on Form 1040, line 8a; Form 1040A, line 8a; or Form 1040EZ, line 2. 2012 amended tax forms You cannot use Form 1040EZ if your taxable interest income is more than $1,500. 2012 amended tax forms Instead, you must use Form 1040A or Form 1040. 2012 amended tax forms Form 1040A. 2012 amended tax forms   You must complete Schedule B (Form 1040A or 1040), Part I, if you file Form 1040A and any of the following are true. 2012 amended tax forms Your taxable interest income is more than $1,500. 2012 amended tax forms You are claiming the interest exclusion under the Education Savings Bond Program (discussed earlier). 2012 amended tax forms You received interest from a seller-financed mortgage, and the buyer used the property as a home. 2012 amended tax forms You received a Form 1099-INT for U. 2012 amended tax forms S. 2012 amended tax forms savings bond interest that includes amounts you reported before 2013. 2012 amended tax forms You received, as a nominee, interest that actually belongs to someone else. 2012 amended tax forms You received a Form 1099-INT for interest on frozen deposits. 2012 amended tax forms You are reporting OID in an amount less than the amount shown on Form 1099-OID. 2012 amended tax forms You received a Form 1099-INT for interest on a bond you bought between interest payment dates. 2012 amended tax forms You acquired taxable bonds after 1987 and choose to reduce interest income from the bonds by any amortizable bond premium (see Bond Premium Amortization in chapter 3 of Publication 550). 2012 amended tax forms List each payer's name and the amount of interest income received from each payer on line 1. 2012 amended tax forms If you received a Form 1099-INT or Form 1099-OID from a brokerage firm, list the brokerage firm as the payer. 2012 amended tax forms   You cannot use Form 1040A if you must use Form 1040, as described next. 2012 amended tax forms Form 1040. 2012 amended tax forms   You must use Form 1040 instead of Form 1040A or Form 1040EZ if: You forfeited interest income because of the early withdrawal of a time deposit; You acquired taxable bonds after 1987, you choose to reduce interest income from the bonds by any amortizable bond premium, and you are deducting the excess of bond premium amortization for the accrual period over the qualified stated interest for the period (see Bond Premium Amortization in chapter 3 of Publication 550); or You received tax-exempt interest from private activity bonds issued after August 7, 1986. 2012 amended tax forms Schedule B (Form 1040A or 1040). 2012 amended tax forms   You must complete Schedule B (Form 1040A or 1040), Part I, if you file Form 1040 and any of the following apply. 2012 amended tax forms Your taxable interest income is more than $1,500. 2012 amended tax forms You are claiming the interest exclusion under the Education Savings Bond Program (discussed earlier). 2012 amended tax forms You received interest from a seller-financed mortgage, and the buyer used the property as a home. 2012 amended tax forms You received a Form 1099-INT for U. 2012 amended tax forms S. 2012 amended tax forms savings bond interest that includes amounts you reported before 2013. 2012 amended tax forms You received, as a nominee, interest that actually belongs to someone else. 2012 amended tax forms You received a Form 1099-INT for interest on frozen deposits. 2012 amended tax forms You received a Form 1099-INT for interest on a bond you bought between interest payment dates. 2012 amended tax forms You are reporting OID in an amount less than the amount shown on Form 1099-OID. 2012 amended tax forms Statement (2) in the preceding list under Form 1040 is true. 2012 amended tax forms In Part I, line 1, list each payer's name and the amount received from each. 2012 amended tax forms If you received a Form 1099-INT or Form 1099-OID from a brokerage firm, list the brokerage firm as the payer. 2012 amended tax forms Reporting tax-exempt interest. 2012 amended tax forms   Total your tax-exempt interest (such as interest or accrued OID on certain state and municipal bonds, including tax-exempt interest on zero coupon municipal bonds) and exempt-interest dividends from a mutual fund as shown on Form 1099-INT, box 8, and on Form 1099-DIV, box 10. 2012 amended tax forms Add these amounts to any other tax-exempt interest you received. 2012 amended tax forms Report the total on line 8b of Form 1040A or 1040. 2012 amended tax forms   If you file Form 1040EZ, enter “TEI” and the amount in the space to the left of line 2. 2012 amended tax forms Do not add tax-exempt interest in the total on Form 1040EZ, line 2. 2012 amended tax forms   Form 1099-INT, box 9, and Form 1099-DIV, box 11, show the tax-exempt interest subject to the alternative minimum tax on Form 6251. 2012 amended tax forms These amounts are already included in the amounts on Form 1099-INT, box 8, and Form 1099-DIV, box 10. 2012 amended tax forms Do not add the amounts in Form 1099-INT, box 9 and Form 1099-DIV, box 11 to, or subtract them from, the amounts on Form 1099-INT, box 8, and Form 1099-DIV, box 10. 2012 amended tax forms    Do not report interest from an individual retirement account (IRA) as tax-exempt interest. 2012 amended tax forms Form 1099-INT. 2012 amended tax forms   Your taxable interest income, except for interest from U. 2012 amended tax forms S. 2012 amended tax forms savings bonds and Treasury obligations, is shown in box 1 of Form 1099-INT. 2012 amended tax forms Add this amount to any other taxable interest income you received. 2012 amended tax forms You must report all of your taxable interest income even if you do not receive a Form 1099-INT. 2012 amended tax forms Generally, contact your financial institution if you do not receive a Form 1099-INT by February 15. 2012 amended tax forms Your identifying number may be truncated on any paper Form 1099-INT you receive. 2012 amended tax forms   If you forfeited interest income because of the early withdrawal of a time deposit, the deductible amount will be shown on Form 1099-INT in box 2. 2012 amended tax forms See Penalty on early withdrawal of savings in chapter 1 of Publication 550. 2012 amended tax forms   Box 3 of Form 1099-INT shows the interest income you received from U. 2012 amended tax forms S. 2012 amended tax forms savings bonds, Treasury bills, Treasury notes, and Treasury bonds. 2012 amended tax forms Add the amount shown in box 3 to any other taxable interest income you received, unless part of the amount in box 3 was previously included in your interest income. 2012 amended tax forms If part of the amount shown in box 3 was previously included in your interest income, see U. 2012 amended tax forms S. 2012 amended tax forms savings bond interest previously reported , later. 2012 amended tax forms   Box 4 of Form 1099-INT will contain an amount if you were subject to backup withholding. 2012 amended tax forms Report the amount from box 4 on Form 1040EZ, line 7; on Form 1040A, line 36; or Form 1040, line 62 (federal income tax withheld). 2012 amended tax forms   Box 5 of Form 1099-INT shows investment expenses you may be able to deduct as an itemized deduction. 2012 amended tax forms See chapter 28 for more information about investment expenses. 2012 amended tax forms   If there are entries in boxes 6 and 7 of Form 1099-INT, you must file Form 1040. 2012 amended tax forms You may be able to take a credit for the amount shown in box 6 unless you deduct this amount on line 8 of Schedule A (Form 1040). 2012 amended tax forms To take the credit, you may have to file Form 1116, Foreign Tax Credit. 2012 amended tax forms For more information, see Publication 514, Foreign Tax Credit for Individuals. 2012 amended tax forms U. 2012 amended tax forms S. 2012 amended tax forms savings bond interest previously reported. 2012 amended tax forms   If you received a Form 1099-INT for U. 2012 amended tax forms S. 2012 amended tax forms savings bond interest, the form may show interest you do not have to report. 2012 amended tax forms See Form 1099-INT for U. 2012 amended tax forms S. 2012 amended tax forms savings bonds interest , earlier, under U. 2012 amended tax forms S. 2012 amended tax forms Savings Bonds. 2012 amended tax forms   On Schedule B (Form 1040A or 1040), Part I, line 1, report all the interest shown on your Form 1099-INT. 2012 amended tax forms Then follow these steps. 2012 amended tax forms Several lines above line 2, enter a subtotal of all interest listed on line 1. 2012 amended tax forms Below the subtotal enter “U. 2012 amended tax forms S. 2012 amended tax forms Savings Bond Interest Previously Reported” and enter amounts previously reported or interest accrued before you received the bond. 2012 amended tax forms Subtract these amounts from the subtotal and enter the result on line 2. 2012 amended tax forms More information. 2012 amended tax forms   For more information about how to report interest income, see chapter 1 of Publication 550 or the instructions for the form you must file. 2012 amended tax forms Prev  Up  Next   Home   More Online Publications