2011 State Tax FormsAmending Federal Tax Return2011 1040 Form2012 Irs Forms 1040How To Fill Out 1040ez FormFree Income Tax FilingIrs Gov FreefileState Tax Return For FreeFiling Taxes In The MilitaryFile 2007 Taxes FreeEfile TaxesEz Tax Form 2011Free 2011 Taxes1040 Ez FilingFree 1040ez Instructions2012 Federal Tax Forms 1040ezFree Tax Usa 20112010 1040 Tax Form2011 Federal Tax Form1040 ExAmendment FormsFile 1040ezIncome Tax ExtentionAmending A Tax Return With TurbotaxCan I Efile My 2010 Taxes NowEfile 2011Free File Taxes 2011H Rblock ComNeed Do 2011 TaxesFile 2011 Taxes In 2013 FreeE FileWww Irs Gov Form1040aUs Tax Forms 20121040ez Form 2012 Online1040nr TurbotaxIrsgov Com2011 1040 FormFree Online Tax Filing State FederalHrblock MilitaryH R Block Home 2012
20131040ez 2. 20131040ez Accounting Periods and Methods Table of Contents Introduction Useful Items - You may want to see: Accounting Periods Accounting MethodsCash Method Accrual Method Combination Method Inventories Uniform Capitalization Rules Special Methods Change in Accounting Method Introduction You must figure your taxable income and file an income tax return for an annual accounting period called a tax year. 20131040ez Also, you must consistently use an accounting method that clearly shows your income and expenses for the tax year. 20131040ez Useful Items - You may want to see: Publication 538 Accounting Periods and Methods See chapter 12 for information about getting publications and forms. 20131040ez Accounting Periods When preparing a statement of income and expenses (generally your income tax return), you must use your books and records for a specific interval of time called an accounting period. 20131040ez The annual accounting period for your income tax return is called a tax year. 20131040ez You can use one of the following tax years. 20131040ez A calendar tax year. 20131040ez A fiscal tax year. 20131040ez Unless you have a required tax year, you adopt a tax year by filing your first income tax return using that tax year. 20131040ez A required tax year is a tax year required under the Internal Revenue Code or the Income Tax Regulations. 20131040ez Calendar tax year. 20131040ez A calendar tax year is 12 consecutive months beginning January 1 and ending December 31. 20131040ez You must adopt the calendar tax year if any of the following apply. 20131040ez You do not keep books. 20131040ez You have no annual accounting period. 20131040ez Your present tax year does not qualify as a fiscal year. 20131040ez Your use of the calendar tax year is required under the Internal Revenue Code or the Income Tax Regulations. 20131040ez If you filed your first income tax return using the calendar tax year and you later begin business as a sole proprietor, you must continue to use the calendar tax year unless you get IRS approval to change it or are otherwise allowed to change it without IRS approval. 20131040ez For more information, see Change in tax year, later. 20131040ez If you adopt the calendar tax year, you must maintain your books and records and report your income and expenses for the period from January 1 through December 31 of each year. 20131040ez Fiscal tax year. 20131040ez A fiscal tax year is 12 consecutive months ending on the last day of any month except December. 20131040ez A 52-53-week tax year is a fiscal tax year that varies from 52 to 53 weeks but does not have to end on the last day of a month. 20131040ez If you adopt a fiscal tax year, you must maintain your books and records and report your income and expenses using the same tax year. 20131040ez For more information on a fiscal tax year, including a 52-53-week tax year, see Publication 538. 20131040ez Change in tax year. 20131040ez Generally, you must file Form 1128, Application To Adopt, Change, or Retain a Tax Year, to request IRS approval to change your tax year. 20131040ez See the Instructions for Form 1128 for exceptions. 20131040ez If you qualify for an automatic approval request, a user fee is not required. 20131040ez If you do not qualify for automatic approval, a ruling must be requested. 20131040ez See the instructions for Form 1128 for information about user fees if you are requesting a ruling. 20131040ez Accounting Methods An accounting method is a set of rules used to determine when and how income and expenses are reported. 20131040ez Your accounting method includes not only the overall method of accounting you use, but also the accounting treatment you use for any material item. 20131040ez You choose an accounting method for your business when you file your first income tax return that includes a Schedule C for the business. 20131040ez After that, if you want to change your accounting method, you must generally get IRS approval. 20131040ez See Change in Accounting Method, later. 20131040ez Kinds of methods. 20131040ez Generally, you can use any of the following accounting methods. 20131040ez Cash method. 20131040ez An accrual method. 20131040ez Special methods of accounting for certain items of income and expenses. 20131040ez Combination method using elements of two or more of the above. 20131040ez You must use the same accounting method to figure your taxable income and to keep your books. 20131040ez Also, you must use an accounting method that clearly shows your income. 20131040ez Business and personal items. 20131040ez You can account for business and personal items under different accounting methods. 20131040ez For example, you can figure your business income under an accrual method, even if you use the cash method to figure personal items. 20131040ez Two or more businesses. 20131040ez If you have two or more separate and distinct businesses, you can use a different accounting method for each if the method clearly reflects the income of each business. 20131040ez They are separate and distinct only if you maintain complete and separate books and records for each business. 20131040ez Cash Method Most individuals and many sole proprietors with no inventory use the cash method because they find it easier to keep cash method records. 20131040ez However, if an inventory is necessary to account for your income, you must generally use an accrual method of accounting for sales and purchases. 20131040ez For more information, see Inventories, later. 20131040ez Income Under the cash method, include in your gross income all items of income you actually or constructively receive during your tax year. 20131040ez If you receive property or services, you must include their fair market value in income. 20131040ez Example. 20131040ez On December 30, 2012, Mrs. 20131040ez Sycamore sent you a check for interior decorating services you provided to her. 20131040ez You received the check on January 2, 2013. 20131040ez You must include the amount of the check in income for 2013. 20131040ez Constructive receipt. 20131040ez You have constructive receipt of income when an amount is credited to your account or made available to you without restriction. 20131040ez You do not need to have possession of it. 20131040ez If you authorize someone to be your agent and receive income for you, you are treated as having received it when your agent received it. 20131040ez Example. 20131040ez Interest is credited to your bank account in December 2013. 20131040ez You do not withdraw it or enter it into your passbook until 2014. 20131040ez You must include it in your gross income for 2013. 20131040ez Delaying receipt of income. 20131040ez You cannot hold checks or postpone taking possession of similar property from one tax year to another to avoid paying tax on the income. 20131040ez You must report the income in the year the property is received or made available to you without restriction. 20131040ez Example. 20131040ez Frances Jones, a service contractor, was entitled to receive a $10,000 payment on a contract in December 2013. 20131040ez She was told in December that her payment was available. 20131040ez At her request, she was not paid until January 2014. 20131040ez She must include this payment in her 2013 income because it was constructively received in 2013. 20131040ez Checks. 20131040ez Receipt of a valid check by the end of the tax year is constructive receipt of income in that year, even if you cannot cash or deposit the check until the following year. 20131040ez Example. 20131040ez Dr. 20131040ez Redd received a check for $500 on December 31, 2013, from a patient. 20131040ez She could not deposit the check in her business account until January 2, 2014. 20131040ez She must include this fee in her income for 2013. 20131040ez Debts paid by another person or canceled. 20131040ez If your debts are paid by another person or are canceled by your creditors, you may have to report part or all of this debt relief as income. 20131040ez If you receive income in this way, you constructively receive the income when the debt is canceled or paid. 20131040ez For more information, see Canceled Debt under Kinds of Income in chapter 5. 20131040ez Repayment of income. 20131040ez If you include an amount in income and in a later year you have to repay all or part of it, you can usually deduct the repayment in the year in which you make it. 20131040ez If the amount you repay is over $3,000, a special rule applies. 20131040ez For details about the special rule, see Repayments in chapter 11 of Publication 535, Business Expenses. 20131040ez Expenses Under the cash method, you generally deduct expenses in the tax year in which you actually pay them. 20131040ez This includes business expenses for which you contest liability. 20131040ez However, you may not be able to deduct an expense paid in advance or you may be required to capitalize certain costs, as explained later under Uniform Capitalization Rules. 20131040ez Expenses paid in advance. 20131040ez You can deduct an expense you pay in advance only in the year to which it applies. 20131040ez Example. 20131040ez You are a calendar year taxpayer and you pay $1,000 in 2013 for a business insurance policy effective for one year, beginning July 1. 20131040ez You can deduct $500 in 2013 and $500 in 2014. 20131040ez Accrual Method Under an accrual method of accounting, you generally report income in the year earned and deduct or capitalize expenses in the year incurred. 20131040ez The purpose of an accrual method of accounting is to match income and expenses in the correct year. 20131040ez Income—General Rule Under an accrual method, you generally include an amount in your gross income for the tax year in which all events that fix your right to receive the income have occurred and you can determine the amount with reasonable accuracy. 20131040ez Example. 20131040ez You are a calendar year accrual method taxpayer. 20131040ez You sold a computer on December 28, 2013. 20131040ez You billed the customer in the first week of January 2014, but you did not receive payment until February 2014. 20131040ez You must include the amount received for the computer in your 2013 income. 20131040ez Income—Special Rules The following are special rules that apply to advance payments, estimating income, and changing a payment schedule for services. 20131040ez Estimated income. 20131040ez If you include a reasonably estimated amount in gross income, and later determine the exact amount is different, take the difference into account in the tax year in which you make the determination. 20131040ez Change in payment schedule for services. 20131040ez If you perform services for a basic rate specified in a contract, you must accrue the income at the basic rate, even if you agree to receive payments at a lower rate until you complete the services and then receive the difference. 20131040ez Advance payments for services. 20131040ez Generally, you report an advance payment for services to be performed in a later tax year as income in the year you receive the payment. 20131040ez However, if you receive an advance payment for services you agree to perform by the end of the next tax year, you can elect to postpone including the advance payment in income until the next tax year. 20131040ez However, you cannot postpone including any payment beyond that tax year. 20131040ez For more information, see Advance Payment for Services under Accrual Method in Publication 538. 20131040ez That publication also explains special rules for reporting the following types of income. 20131040ez Advance payments for service agreements. 20131040ez Prepaid rent. 20131040ez Advance payments for sales. 20131040ez Special rules apply to including income from advance payments on agreements for future sales or other dispositions of goods you hold primarily for sale to your customers in the ordinary course of your business. 20131040ez If the advance payments are for contracts involving both the sale and service of goods, it may be necessary to treat them as two agreements. 20131040ez An agreement includes a gift certificate that can be redeemed for goods. 20131040ez Treat amounts that are due and payable as amounts you received. 20131040ez You generally include an advance payment in income for the tax year in which you receive it. 20131040ez However, you can use an alternative method. 20131040ez For information about the alternative method, see Publication 538. 20131040ez Expenses Under an accrual method of accounting, you generally deduct or capitalize a business expense when both the following apply. 20131040ez The all-events test has been met. 20131040ez The test has been met when: All events have occurred that fix the fact of liability, and The liability can be determined with reasonable accuracy. 20131040ez Economic performance has occurred. 20131040ez Economic performance. 20131040ez You generally cannot deduct or capitalize a business expense until economic performance occurs. 20131040ez If your expense is for property or services provided to you, or for your use of property, economic performance occurs as the property or services are provided or as the property is used. 20131040ez If your expense is for property or services you provide to others, economic performance occurs as you provide the property or services. 20131040ez An exception allows certain recurring items to be treated as incurred during a tax year even though economic performance has not occurred. 20131040ez For more information on economic performance, see Economic Performance under Accrual Method in Publication 538. 20131040ez Example. 20131040ez You are a calendar year taxpayer and use an accrual method of accounting. 20131040ez You buy office supplies in December 2013. 20131040ez You receive the supplies and the bill in December, but you pay the bill in January 2014. 20131040ez You can deduct the expense in 2013 because all events that fix the fact of liability have occurred, the amount of the liability could be reasonably determined, and economic performance occurred in that year. 20131040ez Your office supplies may qualify as a recurring expense. 20131040ez In that case, you can deduct them in 2013 even if the supplies are not delivered until 2014 (when economic performance occurs). 20131040ez Keeping inventories. 20131040ez When the production, purchase, or sale of merchandise is an income-producing factor in your business, you must generally take inventories into account at the beginning and the end of your tax year. 20131040ez If you must account for an inventory, you must generally use an accrual method of accounting for your purchases and sales. 20131040ez For more information, see Inventories , later. 20131040ez Special rule for related persons. 20131040ez You cannot deduct business expenses and interest owed to a related person who uses the cash method of accounting until you make the payment and the corresponding amount is includible in the related person's gross income. 20131040ez Determine the relationship, for this rule, as of the end of the tax year for which the expense or interest would otherwise be deductible. 20131040ez If a deduction is not allowed under this rule, the rule will continue to apply even if your relationship with the person ends before the expense or interest is includible in the gross income of that person. 20131040ez Related persons include members of your immediate family, including only brothers and sisters (either whole or half), your spouse, ancestors, and lineal descendants. 20131040ez For a list of other related persons, see section 267 of the Internal Revenue Code. 20131040ez Combination Method You can generally use any combination of cash, accrual, and special methods of accounting if the combination clearly shows your income and expenses and you use it consistently. 20131040ez However, the following restrictions apply. 20131040ez If an inventory is necessary to account for your income, you must generally use an accrual method for purchases and sales. 20131040ez (See, however, Inventories, later. 20131040ez ) You can use the cash method for all other items of income and expenses. 20131040ez If you use the cash method for figuring your income, you must use the cash method for reporting your expenses. 20131040ez If you use an accrual method for reporting your expenses, you must use an accrual method for figuring your income. 20131040ez If you use a combination method that includes the cash method, treat that combination method as the cash method. 20131040ez Inventories Generally, if you produce, purchase, or sell merchandise in your business, you must keep an inventory and use the accrual method for purchases and sales of merchandise. 20131040ez However, the following taxpayers can use the cash method of accounting even if they produce, purchase, or sell merchandise. 20131040ez These taxpayers can also account for inventoriable items as materials and supplies that are not incidental (discussed later). 20131040ez A qualifying taxpayer under Revenue Procedure 2001-10 in Internal Revenue Bulletin 2001-2. 20131040ez A qualifying small business taxpayer under Revenue Procedure 2002-28 in Internal Revenue Bulletin 2002-18. 20131040ez Qualifying taxpayer. 20131040ez You are a qualifying taxpayer if: Your average annual gross receipts for each prior tax year ending on or after December 17, 1998, is $1 million or less. 20131040ez (Your average annual gross receipts for a tax year is figured by adding the gross receipts for that tax year and the 2 preceding tax years and dividing by 3. 20131040ez ) Your business is not a tax shelter, as defined under section 448(d)(3) of the Internal Revenue Code. 20131040ez Qualifying small business taxpayer. 20131040ez You are a qualifying small business taxpayer if: Your average annual gross receipts for each prior tax year ending on or after December 31, 2000, is more than $1 million but not more than $10 million. 20131040ez (Your average annual gross receipts for a tax year is figured by adding the gross receipts for that tax year and the 2 preceding tax years and dividing the total by 3. 20131040ez ) You are not prohibited from using the cash method under section 448 of the Internal Revenue Code. 20131040ez Your principal business activity is an eligible business (described in Publication 538 and Revenue Procedure 2002-28). 20131040ez Business not owned or not in existence for 3 years. 20131040ez If you did not own your business for all of the 3-tax-year period used in figuring your average annual gross receipts, include the period of any predecessor. 20131040ez If your business has not been in existence for the 3-tax-year period, base your average on the period it has existed including any short tax years, annualizing the short tax year's gross receipts. 20131040ez Materials and supplies that are not incidental. 20131040ez If you account for inventoriable items as materials and supplies that are not incidental, you will deduct the cost of the items you would otherwise include in inventory in the year you sell the items, or the year you pay for them, whichever is later. 20131040ez If you are a producer, you can use any reasonable method to estimate the raw material in your work in process and finished goods on hand at the end of the year to determine the raw material used to produce finished goods that were sold during the year. 20131040ez Changing accounting method. 20131040ez If you are a qualifying taxpayer or qualifying small business taxpayer and want to change to the cash method or to account for inventoriable items as non-incidental materials and supplies, you must file Form 3115, Application for Change in Accounting Method. 20131040ez See Change in Accounting Method, later. 20131040ez More information. 20131040ez For more information about the qualifying taxpayer exception, see Revenue Procedure 2001-10 in Internal Revenue Bulletin 2001-2. 20131040ez For more information about the qualifying small business taxpayer exception, see Revenue Procedure 2002-28 in Internal Revenue Bulletin 2002-18. 20131040ez Items included in inventory. 20131040ez If you are required to account for inventories, include the following items when accounting for your inventory. 20131040ez Merchandise or stock in trade. 20131040ez Raw materials. 20131040ez Work in process. 20131040ez Finished products. 20131040ez Supplies that physically become a part of the item intended for sale. 20131040ez Valuing inventory. 20131040ez You must value your inventory at the beginning and end of each tax year to determine your cost of goods sold (Schedule C, line 42). 20131040ez To determine the value of your inventory, you need a method for identifying the items in your inventory and a method for valuing these items. 20131040ez Inventory valuation rules cannot be the same for all kinds of businesses. 20131040ez The method you use to value your inventory must conform to generally accepted accounting principles for similar businesses and must clearly reflect income. 20131040ez Your inventory practices must be consistent from year to year. 20131040ez More information. 20131040ez For more information about inventories, see Publication 538. 20131040ez Uniform Capitalization Rules Under the uniform capitalization rules, you must capitalize the direct costs and part of the indirect costs for production or resale activities. 20131040ez Include these costs in the basis of property you produce or acquire for resale, rather than claiming them as a current deduction. 20131040ez You recover the costs through depreciation, amortization, or cost of goods sold when you use, sell, or otherwise dispose of the property. 20131040ez Activities subject to the uniform capitalization rules. 20131040ez You may be subject to the uniform capitalization rules if you do any of the following, unless the property is produced for your use other than in a business or an activity carried on for profit. 20131040ez Produce real or tangible personal property. 20131040ez For this purpose, tangible personal property includes a film, sound recording, video tape, book, or similar property. 20131040ez Acquire property for resale. 20131040ez Exceptions. 20131040ez These rules do not apply to the following property. 20131040ez Personal property you acquire for resale if your average annual gross receipts are $10 million or less. 20131040ez Property you produce if you meet either of the following conditions. 20131040ez Your indirect costs of producing the property are $200,000 or less. 20131040ez You use the cash method of accounting and do not account for inventories. 20131040ez For more information, see Inventories, earlier. 20131040ez Special Methods There are special methods of accounting for certain items of income or expense. 20131040ez These include the following. 20131040ez Amortization, discussed in chapter 8 of Publication 535, Business Expenses. 20131040ez Bad debts, discussed in chapter 10 of Publication 535. 20131040ez Depletion, discussed in chapter 9 of Publication 535. 20131040ez Depreciation, discussed in Publication 946, How To Depreciate Property. 20131040ez Installment sales, discussed in Publication 537, Installment Sales. 20131040ez Change in Accounting Method Once you have set up your accounting method, you must generally get IRS approval before you can change to another method. 20131040ez A change in your accounting method includes a change in: Your overall method, such as from cash to an accrual method, and Your treatment of any material item. 20131040ez To get approval, you must file Form 3115, Application for Change in Accounting Method. 20131040ez You can get IRS approval to change an accounting method under either the automatic change procedures or the advance consent request procedures. 20131040ez You may have to pay a user fee. 20131040ez For more information, see the form instructions. 20131040ez Automatic change procedures. 20131040ez Certain taxpayers can presume to have IRS approval to change their method of accounting. 20131040ez The approval is granted for the tax year for which the taxpayer requests a change (year of change), if the taxpayer complies with the provisions of the automatic change procedures. 20131040ez No user fee is required for an application filed under an automatic change procedure generally covered in Revenue Procedure 2002-9. 20131040ez Generally, you must use Form 3115 to request an automatic change. 20131040ez For more information, see the Instructions for Form 3115. 20131040ez Prev Up Next Home More Online Publications
Letter 1962C Frequently Asked Questions (FAQs)
What is the letter telling me?
This letter confirms your written request for a Direct Debit Installment Agreement has been approved. It explains the fees we charge for establishing your agreement. It also explains what to do if you qualify for a Low Income Fee Reduction.
What do I have to do?
Be sure to have the amount of your payment in your checking account by the due date in the letter.
What happens if the funds are not available?
If you are unable to have sufficient funds in your checking account, you must call us at least 10 days prior to your payment due date.
How much time do I have?
The customer has to make one manual payment before we can begin to take payments electronically.
What happens if I don't take any action?
If you do not ensure there are sufficient funds in your checking account, then your installment agreement will default. Your bank may charge you fees for insufficient funds.
Who should I contact?
The telephone number will be provided in your acknowledgement letter.
What if I don't agree or have already taken corrective action?
If you do not agree with this letter, call us immediately at the number included. We will do our best to help you. If you have called us about this matter before, but we did not correct the problem, you may want to contact the Office of the Taxpayer Advocate.
Page Last Reviewed or Updated: 30-Jan-2014
20131040ez Publication 519 - Introductory Material Table of Contents Future Developments IntroductionOrdering forms and publications. 20131040ez Tax questions. 20131040ez What's New Reminders Future Developments For the latest information about developments related to Publication 519, such as legislation enacted after it was published, go to www. 20131040ez irs. 20131040ez gov/pub519. 20131040ez Introduction For tax purposes, an alien is an individual who is not a U. 20131040ez S. 20131040ez citizen. 20131040ez Aliens are classified as nonresident aliens and resident aliens. 20131040ez This publication will help you determine your status and give you information you will need to file your U. 20131040ez S. 20131040ez tax return. 20131040ez Resident aliens generally are taxed on their worldwide income, the same as U. 20131040ez S. 20131040ez citizens. 20131040ez Nonresident aliens are taxed only on their income from sources within the United States and on certain income connected with the conduct of a trade or business in the United States. 20131040ez The information in this publication is not as comprehensive for resident aliens as it is for nonresident aliens. 20131040ez Resident aliens are generally treated the same as U. 20131040ez S. 20131040ez citizens and can find more information in other IRS publications. 20131040ez Table A, Where To Find What You Need To Know About U. 20131040ez S. 20131040ez Taxes, provides a list of questions and the chapter or chapters in this publication where you will find the related discussion. 20131040ez Answers to frequently asked questions are presented in the back of the publication. 20131040ez Table A. 20131040ez Where To Find What You Need To Know About U. 20131040ez S. 20131040ez Taxes Commonly Asked Questions Where To Find The Answer Am I a nonresident alien or resident alien? See chapter 1. 20131040ez Can I be a nonresident alien and a resident alien in the same year? See Dual-Status Aliens in chapter 1. 20131040ez See chapter 6. 20131040ez I am a resident alien and my spouse is a nonresident alien. 20131040ez Are there special rules for us? See Nonresident Spouse Treated as a Resident in chapter 1. 20131040ez See Community Income in chapter 2. 20131040ez Is all my income subject to U. 20131040ez S. 20131040ez tax? See chapter 2. 20131040ez See chapter 3. 20131040ez Is my scholarship subject to U. 20131040ez S. 20131040ez tax? See Scholarship Grants, Prizes, and Awards in chapter 2. 20131040ez See Scholarship and Fellowship Grants in chapter 3. 20131040ez See chapter 9. 20131040ez What is the tax rate on my income subject to U. 20131040ez S. 20131040ez tax? See chapter 4. 20131040ez I moved to the United States this year. 20131040ez Can I deduct my moving expenses on my U. 20131040ez S. 20131040ez return? See Deductions in chapter 5. 20131040ez Can I claim exemptions for my spouse and children? See Exemptions in chapter 5. 20131040ez I pay income taxes to my home country. 20131040ez Can I get credit for these taxes on my U. 20131040ez S. 20131040ez tax return? See Tax Credits and Payments in chapter 5. 20131040ez What forms must I file and when and where do I file them? See chapter 7. 20131040ez How should I pay my U. 20131040ez S. 20131040ez income taxes? See chapter 8. 20131040ez Am I eligible for any benefits under a tax treaty? See Income Entitled to Tax Treaty Benefits in chapter 8. 20131040ez See chapter 9. 20131040ez Are employees of foreign governments and international organizations exempt from U. 20131040ez S. 20131040ez tax? See chapter 10. 20131040ez Is there anything special I have to do before leaving the United States? See chapter 11. 20131040ez See Expatriation Tax in chapter 4. 20131040ez Comments and suggestions. 20131040ez We welcome your comments about this publication and your suggestions for future editions. 20131040ez You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. 20131040ez NW, IR-6526 Washington, DC 20224 We respond to many letters by telephone. 20131040ez Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. 20131040ez You can send us comments from www. 20131040ez irs. 20131040ez gov/formspubs/. 20131040ez Click on “More Information” and then on “Comment on Tax Forms and Publications. 20131040ez ” Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. 20131040ez Ordering forms and publications. 20131040ez Visit www. 20131040ez irs. 20131040ez gov/formspubs/ to download forms and publications, call 1-800-829-3676, or write to the address below and receive a response within 10 days after your request is received. 20131040ez Internal Revenue Service 1201 N. 20131040ez Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. 20131040ez If you have a tax question, check the information available on IRS. 20131040ez gov or call 1-800-829-1040. 20131040ez We cannot answer tax questions sent to either of the above addresses. 20131040ez What's New Personal exemption increased. 20131040ez For tax years beginning in 2013, the personal exemption amount is increased to $3,900. 20131040ez U. 20131040ez S. 20131040ez real property interest. 20131040ez Generally, the treatment of a regulated investment company (RIC) as a qualified investment entity (QIE) was scheduled to expire at the end of 2011. 20131040ez The provision has been extended through 2013. 20131040ez The special rules that apply to distributions from a QIE attributable to the gain from the sale or exchange of a U. 20131040ez S. 20131040ez real property interest will continue to apply to any distribution from a RIC in 2013. 20131040ez Beginning in 2014 (unless extended by legislation), a RIC will only be treated as a QIE for certain distributions from the RIC that are directly or indirectly attributable to distributions received by the RIC from a REIT. 20131040ez See Qualified investment entities under U. 20131040ez S. 20131040ez Real Property Interest. 20131040ez Interest-related dividends and short-term capital gain dividends received from mutual funds. 20131040ez The exemption of tax on certain interest-related dividends and short-term capital gain dividends paid by a mutual fund or other regulated investment company was scheduled to expire at the end of 2011. 20131040ez These provisions have been extended through 2013. 20131040ez The exemption expires for amounts paid in tax years beginning after December 31, 2013 (unless extended by legislation). 20131040ez Multi-level marketing. 20131040ez Clarification regarding the characterization and source of income received from multi-level marketing companies by distributors (upper-tier distributors) that are based on the sales or purchases of persons whom they have recruited and sponsored (lower-tier distributors) is provided. 20131040ez See Multi-level marketing under Personal Services in chapter 2. 20131040ez Additional Medicare Tax. 20131040ez For 2013, you may be required to pay Additional Medicare Tax. 20131040ez Also, you may need to report Additional Medicare Tax withheld by your employer. 20131040ez For more information, see Additional Medicare Tax under Social Security and Medicare Taxes and Self-Employment Tax in chapter 8. 20131040ez For more information on Additional Medicare Tax, go to IRS. 20131040ez gov and enter “Additional Medicare Tax” in the search box. 20131040ez Reminders Refunds of certain withholding tax delayed. 20131040ez Refund requests for tax withheld and reported on Form 1042-S, Form 8288-A, or Form 8805 may require additional time for processing. 20131040ez Allow up to 6 months for these refunds to be issued. 20131040ez Third party designee. 20131040ez You can check the “Yes” box in the “Third Party Designee” area of your return to authorize the IRS to discuss your return with a friend, family member, or any other person you choose. 20131040ez This allows the IRS to call the person you identified as your designee to answer any questions that may arise during the processing of your return. 20131040ez It also allows your designee to perform certain actions such as asking the IRS for copies of notices or transcripts related to your return. 20131040ez Also, the authorization can be revoked. 20131040ez See your income tax return instructions for details. 20131040ez Change of address. 20131040ez . 20131040ez If you change your mailing address, be sure to notify the Internal Revenue Service using Form 8822, Change of Address. 20131040ez Photographs of missing children. 20131040ez The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. 20131040ez Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. 20131040ez You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. 20131040ez Prev Up Next Home More Online Publications