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

Amend Your Tax Return

Form 1040ez 2012Irs Tax Forms For 20112007 Federal Tax FormsIrs State Tax FormsTax Act 2012 FreeState Taxes Free E FileTurbo Tax Ez FormHow To File An Amended Tax Return For 2012Form 1040Unemployment TaxesFree 1040x Tax FormsE-file State Tax Only1040x Amended Tax FormMyfreetaxes De ComFree Federal Tax ReturnMilitary Tax CalculatorTax Return FormNeed Do 2011 TaxesIrs Amended Tax FormsFree 2010 Tax FilingFiling Tax Extension 2011Filing Taxes For 2013Irs E File 2013Irs Tax Forms 2007File State Federal Taxes FreeFree Efile For 2011 Federal TaxesFree Online Amended Tax ReturnTaxact 2011 Deluxe Federal Edition DownloadFile Tax AmendmentAmended Return 2011Online 1040xIrs 1040x FormIrs Gov Free File 20111040ez Online FreeFree Tax PreparationState Tax ReturnsTax 1040nrWww Myfreetaxes Com SpringfieldmoHow To File 2010 Tax ReturnsHow To Amend Federal Tax Return

Amend Your Tax Return

Amend your tax return Publication 334 - Additional Material Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

Tax Relief for Victims of Storms and Floods in Missouri

KS-MO-2011-34, Aug. 17, 2011

ST. LOUIS — Victims of flooding beginning on June 1, 2011, in parts of Missouri may qualify for tax relief from the Internal Revenue Service.

The President has declared Andrew, Atchison, Buchanan, Holt, Lafayette and Platte counties a federal disaster area. Individuals who reside or have a business in these localities may qualify for tax relief.

As a result, the IRS has postponed until Aug. 1, 2011, certain deadlines occurring from June 1 to Aug. 1 that affect taxpayers who live or have a business in the disaster area. This includes the June 15 deadline for making estimated tax payments.

In addition, the IRS is abating the failure-to-deposit penalties for employment and excise tax deposits due on or after June 1 and on or before June 16, 2011, as long as the deposits were made by June 16, 2011.

If an affected taxpayer receives a penalty notice from the IRS, the taxpayer should call the telephone number on the notice to have the IRS abate any interest and any late filing or late payment penalties that would otherwise apply. Penalties or interest will be abated only for taxpayers who have an original or extended filing, payment or deposit due date, including an extended filing or payment due date, that falls within the postponement period.

The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. But affected taxpayers who reside or have a business located outside the covered disaster area must call the IRS disaster hotline at 1-866-562-5227 to request this tax relief.

Covered Disaster Area

The areas listed above constitute a covered disaster area for purposes of Treas. Reg. § 301.7508A-1(d)(2) and are entitled to the relief detailed below.

Affected Taxpayers

Taxpayers considered to be affected taxpayers eligible for the postponement of time to file returns, pay taxes and perform other time-sensitive acts are those taxpayers listed in Treas. Reg. § 301.7508A-1(d)(1), and include individuals who live, and businesses whose principal place of business is located, in the covered disaster area. Taxpayers not in the covered disaster area, but whose records necessary to meet a deadline listed in Treas. Reg. § 301.7508A-1(c) are in the covered disaster area, are also entitled to relief. In addition, all relief workers affiliated with a recognized government or philanthropic organization assisting in the relief activities in the covered disaster area and any individual visiting the covered disaster area who was killed or injured as a result of the disaster are entitled to relief.

Grant of Relief

Under section 7508A, the IRS has given affected taxpayers until Aug. 1, 2011, to file most tax returns (including individual, corporate, and estate and trust income tax returns; partnership returns, S corporation returns, and trust returns; estate, gift, and generation-skipping transfer tax returns; and employment and certain excise tax returns), or to make tax payments, including estimated tax payments, that have either an original or extended due date occurring on or after June 1 and on or before Aug. 1, 2011.

The IRS also gives affected taxpayers until Aug. 1 to perform other time-sensitive actions described in Treas. Reg. § 301.7508A-1(c)(1) and Rev. Proc. 2007-56, 2007-34 I.R.B. 388 (Aug. 20, 2007), that are due to be performed on or after June 1 and on or before Aug. 1.

This relief also includes the filing of Form 5500 series returns, in the manner described in section 8 of Rev. Proc. 2007-56. The relief described in section 17 of Rev. Proc. 2007-56, pertaining to like-kind exchanges of property, also applies to certain taxpayers who are not otherwise affected taxpayers and may include acts required to be performed before or after the period above.

The postponement of time to file and pay does not apply to information returns in the W-2, 1098, 1099 series, or to Forms 1042-S or 8027. Penalties for failure to timely file information returns can be waived under existing procedures for reasonable cause. Likewise, the postponement does not apply to employment and excise tax deposits. The IRS, however, will abate penalties for failure to make timely employment and excise tax deposits due on or after June 1 and on or before June 16, provided the taxpayer made these deposits by June 16.

Casualty Losses

Affected taxpayers in a federally declared disaster area have the option of claiming disaster-related casualty losses on their federal income tax return for either this year or last year. Claiming the loss on an original or amended return for last year will get the taxpayer an earlier refund, but waiting to claim the loss on this year’s return could result in a greater tax saving, depending on other income factors.

Individuals may deduct personal property losses that are not covered by insurance or other reimbursements. For details, see Form 4684 and its instructions.
Affected taxpayers claiming the disaster loss on last year’s return should put the Disaster Designation, "Missouri/Flooding," at the top of the form so that the IRS can expedite the processing of the refund.

Other Relief

The IRS will waive the usual fees and expedite requests for copies of previously filed tax returns for affected taxpayers. Taxpayers should put the assigned Disaster Designation in red ink at the top of Form 4506, Request for Copy of Tax Return, or Form 4506-T, Request for Transcript of Tax Return, as appropriate, and submit it to the IRS.

Affected taxpayers who are contacted by the IRS on a collection or examination matter should explain how the disaster impacts them so that the IRS can provide appropriate consideration to their case.

Taxpayers may download forms and publications or order them by calling 1-800-TAX-FORM (1-800-829-3676). The IRS toll-free number for general tax questions is 1-800-829-1040.

Related Information:

Recent IRS Disaster Relief Announcements
 

 

Page Last Reviewed or Updated: 20-Feb-2014

The Amend Your Tax Return

Amend your tax return 1. Amend your tax return   Scholarships, Fellowships, Grants, and Tuition Reductions Table of Contents Reminder Introduction Scholarships and FellowshipsTax-Free Scholarships and Fellowships Taxable Scholarships and Fellowships Reporting Scholarships and Fellowships Other Types of Educational AssistanceFulbright Grants Pell Grants and Other Title IV Need-Based Education Grants Payment to Service Academy Cadets Veterans' Benefits Qualified Tuition Reduction Reminder Individual retirement arrangements (IRAs). Amend your tax return  You can set up and make contributions to an IRA if you receive taxable compensation. Amend your tax return Under this rule, a taxable scholarship or fellowship is compensation only if it is shown in box 1 of your Form W-2, Wage and Tax Statement. Amend your tax return For more information about IRAs, see Publication 590. Amend your tax return Introduction This chapter discusses the income tax treatment of various types of educational assistance you may receive if you are studying, teaching, or researching in the United States. Amend your tax return The educational assistance can be for a primary or secondary school, a college or university, or a vocational school. Amend your tax return Included are discussions of: Scholarships, Fellowships, Need-based education grants, such as a Pell Grant, and Qualified tuition reductions. Amend your tax return Many types of educational assistance are tax free if they meet the requirements discussed here. Amend your tax return Special rules apply to U. Amend your tax return S. Amend your tax return citizens and resident aliens who have received scholarships or fellowships for studying, teaching, or researching abroad. Amend your tax return For information about these rules, see Publication 54, Tax Guide for U. Amend your tax return S. Amend your tax return Citizens and Resident Aliens Abroad. Amend your tax return Scholarships and Fellowships A scholarship is generally an amount paid or allowed to, or for the benefit of, a student (whether an undergraduate or a graduate) at an educational institution to aid in the pursuit of his or her studies. Amend your tax return A fellowship is generally an amount paid for the benefit of an individual to aid in the pursuit of study or research. Amend your tax return Amount of scholarship or fellowship. Amend your tax return   The amount of a scholarship or fellowship includes the following: The value of contributed services and accommodations. Amend your tax return This includes such services and accommodations as room (lodging), board (meals), laundry service, and similar services or accommodations that are received by an individual as a part of a scholarship or fellowship. Amend your tax return The amount of tuition, matriculation, and other fees that are paid or remitted to the student to aid the student in pursuing study or research. Amend your tax return Any amount received in the nature of a family allowance as a part of a scholarship or fellowship. Amend your tax return Tax-Free Scholarships and Fellowships A scholarship or fellowship is tax free (excludable from gross income) only if you are a candidate for a degree at an eligible educational institution. Amend your tax return A scholarship or fellowship is tax free only to the extent: It does not exceed your expenses; It is not designated or earmarked for other purposes (such as room and board), and does not require (by its terms) that it cannot be used for qualified education expenses; and It does not represent payment for teaching, research, or other services required as a condition for receiving the scholarship. Amend your tax return (But for exceptions, see Payment for services,later. Amend your tax return Use Worksheet 1–1 to figure the amount of a scholarship or fellowship you can exclude from gross income. Amend your tax return Candidate for a degree. Amend your tax return   You are a candidate for a degree if you: Attend a primary or secondary school or are pursuing a degree at a college or university, or Attend an educational institution that: Provides a program that is acceptable for full credit toward a bachelor's or higher degree, or offers a program of training to prepare students for gainful employment in a recognized occupation; and Is authorized under federal or state law to provide such a program and is accredited by a nationally recognized accreditation agency. Amend your tax return Eligible educational institution. Amend your tax return   An eligible educational institution is one whose primary function is the presentation of formal instruction and that normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of students in attendance at the place where it carries on its educational activities. Amend your tax return Qualified education expenses. Amend your tax return   For purposes of tax-free scholarships and fellowships, these are expenses for: Tuition and fees required to enroll at or attend an eligible educational institution, and Course-related expenses, such as fees, books, supplies, and equipment that are required for the courses at the eligible educational institution. Amend your tax return These items must be required of all students in your course of instruction. Amend your tax return Expenses that do not qualify. Amend your tax return   Qualified education expenses do not include the cost of: Room and board, Travel, Research, Clerical help, or Equipment and other expenses that are not required for enrollment in or attendance at an eligible educational institution. Amend your tax return Payment for services. Amend your tax return   Generally, you cannot exclude from your gross income the part of any scholarship or fellowship that represents payment for teaching, research, or other services required as a condition for receiving the scholarship. Amend your tax return This applies even if all candidates for a degree must perform the services to receive the degree. Amend your tax return (See exceptions next. Amend your tax return ) Exceptions. Amend your tax return   You do not have to treat as payment for services the part of any scholarship or fellowship that represents payment for teaching, research, or other services if you receive the amount under: The National Health Service Corps Scholarship Program, or The Armed Forces Health Professions Scholarship and Financial Assistance Program. Amend your tax return Example 1. Amend your tax return You received a scholarship of $2,500. Amend your tax return The scholarship was not received under either of the exceptions mentioned above. Amend your tax return As a condition for receiving the scholarship, you must serve as a part-time teaching assistant. Amend your tax return Of the $2,500 scholarship, $1,000 represents payment for teaching. Amend your tax return The provider of your scholarship gives you a Form W-2 showing $1,000 as income. Amend your tax return Your qualified education expenses were at least $1,500. Amend your tax return Assuming that all other conditions are met, $1,500 of your scholarship is tax free. Amend your tax return The $1,000 you received for teaching is taxable. Amend your tax return Example 2. Amend your tax return You are a candidate for a degree at a medical school. Amend your tax return You receive a scholarship (not under either of the exceptions mentioned above) for your medical education and training. Amend your tax return The terms of your scholarship require you to perform future services. Amend your tax return A substantial penalty applies if you do not comply. Amend your tax return The entire amount of your grant is taxable as payment for services in the year it is received. Amend your tax return Athletic Scholarships An athletic scholarship is tax free only if and to the extent it meets the requirements discussed later. Amend your tax return Worksheet 1-1. Amend your tax return    You can use Worksheet 1-1, Taxable Scholarship and Fellowship Income , later, to figure the tax-free and taxable parts of your athletic scholarship. Amend your tax return    Worksheet 1-1. Amend your tax return Taxable Scholarship and Fellowship Income 1. Amend your tax return Enter the total amount of any scholarship or fellowship for 2013. Amend your tax return See Amount of scholarship or fellowship, earlier. Amend your tax return 1. Amend your tax return       If you are a degree candidate at an eligible educational institution, go to line 2. Amend your tax return If you are not a degree candidate at an eligible educational institution, stop here. Amend your tax return The entire amount is taxable. Amend your tax return For information on how to report this amount on your tax return, see Reporting Scholarships and Fellowships , earlier, in this chapter. Amend your tax return       2. Amend your tax return Enter the amount from line 1 that was for teaching, research, or any other services required as a condition for receiving the scholarship. Amend your tax return (Do not include amounts received for these items under the National Health Service Corps Scholarship Program or the Armed Forces Health Professions Scholarship and Financial Assistance Program. Amend your tax return ) 2. Amend your tax return     3. Amend your tax return Subtract line 2 from line 1 3. Amend your tax return     4. Amend your tax return Enter the amount from line 3 that your scholarship or fellowship required you to use for other than qualified education expenses 4. Amend your tax return     5. Amend your tax return Subtract line 4 from line 3 5. Amend your tax return     6. Amend your tax return Enter the amount of your qualified education expenses 6. Amend your tax return     7. Amend your tax return Enter the smaller of line 5 or line 6. Amend your tax return This amount is the most you can exclude from your gross income (the tax-free part of the scholarship or fellowship) 7. Amend your tax return     8. Amend your tax return Subtract line 7 from line 5 8. Amend your tax return     9. Amend your tax return Taxable part. Amend your tax return Add lines 2, 4, and 8. Amend your tax return See Reporting Scholarships and Fellowships , earlier, for how to report this amount on your tax return 9. Amend your tax return     Taxable Scholarships and Fellowships If and to the extent your scholarship or fellowship does not meet the requirements described earlier, it is taxable and must be included in gross income. Amend your tax return You can use Worksheet 1–1, Taxable Scholarship and Fellowship Income, later, to figure the tax-free and taxable parts of your scholarship or fellowship. Amend your tax return Reporting Scholarships and Fellowships Whether you must report your scholarship or fellowship depends on whether you must file a return and whether any part of your scholarship or fellowship is taxable. Amend your tax return If your only income is a completely tax-free scholarship or fellowship, you do not have to file a tax return and no reporting is necessary. Amend your tax return If all or part of your scholarship or fellowship is taxable and you are required to file a tax return, report the taxable amount as explained below. Amend your tax return You must report the taxable amount whether or not you received a Form W-2. Amend your tax return If you receive an incorrect Form W-2, ask the payer for a corrected one. Amend your tax return For information on whether you must file a return, see Publication 501, Exemptions, Standard Deduction, and Filing Information, or your income tax form instructions. Amend your tax return How To Report How you report any taxable scholarship or fellowship income depends on which return you file. Amend your tax return Form 1040EZ. Amend your tax return   If you file Form 1040EZ, include the taxable amount in the total on line 1. Amend your tax return If the taxable amount was not reported on Form W-2, also enter “SCH” and the taxable amount in the space to the left of line 1. Amend your tax return Form 1040A. Amend your tax return   If you file Form 1040A, include the taxable amount in the total on line 7. Amend your tax return If the taxable amount was not reported on Form W-2, also enter “SCH” and the taxable amount in the space to the left of line 7. Amend your tax return Form 1040. Amend your tax return   If you file Form 1040, include the taxable amount in the total on line 7. Amend your tax return If the taxable amount was not reported on Form W-2, also enter “SCH” and the taxable amount on the dotted line next to line 7. Amend your tax return Schedule SE (Form 1040). Amend your tax return   To determine your net earnings from self-employment, include amounts you receive under a scholarship as pay for your services that are reported to you on Form 1099-MISC, Miscellaneous Income. Amend your tax return If your net earnings are $400 or more, you must pay self-employment tax. Amend your tax return Use Schedule SE, Self-Employment Tax, to figure this tax. Amend your tax return Form 1040NR. Amend your tax return   If you file Form 1040NR, report the taxable amount on line 12. Amend your tax return Generally, you must report the amount shown in box 2 of Form(s) 1042-S, Foreign Person's U. Amend your tax return S. Amend your tax return Source Income Subject to Withholding. Amend your tax return See the Instructions for Form 1040NR for more information. Amend your tax return Form 1040NR-EZ. Amend your tax return   If you file Form 1040NR-EZ, report the taxable amount on line 5. Amend your tax return Generally, you must report the amount shown in box 2 of Form(s) 1042-S. Amend your tax return See the Instructions for Form 1040NR-EZ for more information. Amend your tax return Other Types of Educational Assistance The following discussions deal with other common types of educational assistance. Amend your tax return Fulbright Grants A Fulbright grant is generally treated as a scholarship or fellowship in figuring how much of the grant is tax free. Amend your tax return Pell Grants and Other Title IV Need-Based Education Grants These need-based grants are treated as scholarships for purposes of determining their tax treatment. Amend your tax return They are tax free to the extent used for qualified education expenses during the period for which a grant is awarded. Amend your tax return Payment to Service Academy Cadets An appointment to a United States military academy is not a scholarship or fellowship. Amend your tax return Payment you receive as a cadet or midshipman at an armed services academy is pay for personal services and will be reported to you in box 1 of Form W-2. Amend your tax return Include this pay in your income in the year you receive it unless one of the exceptions, discussed earlier under Payment for services , applies. Amend your tax return Veterans' Benefits Payments you receive for education, training, or subsistence under any law administered by the Department of Veterans Affairs (VA) are tax free. Amend your tax return Do not include these payments as income on your federal tax return. Amend your tax return If you qualify for one or more of the education benefits discussed in chapters 2 through 12, you may have to reduce the amount of education expenses qualifying for a specific benefit by part or all of your VA payments. Amend your tax return This applies only to the part of your VA payments that is required to be used for education expenses. Amend your tax return You may want to visit the Veteran's Administration website at www. Amend your tax return gibill. Amend your tax return va. Amend your tax return gov for specific information about the various VA benefits for education. Amend your tax return Example. Amend your tax return You have returned to college and are receiving two education benefits under the latest GI Bill: (1) a $1,534 monthly basic housing allowance (BHA) that is directly deposited to your checking account, and (2) $3,840 paid directly to your college for tuition. Amend your tax return Neither of these benefits is taxable and you do not report them on your tax return. Amend your tax return You also want to claim an American opportunity credit on your return. Amend your tax return You paid $5,000 in qualified education expenses (see chapter 2, American Opportunity Credit , later). Amend your tax return To figure the amount of credit, you must first subtract the $3,840 from your qualified education expenses because this payment under the GI Bill was required to be used for education expenses. Amend your tax return You do not subtract any amount of the BHA because it was paid to you and its use was not restricted. Amend your tax return Qualified Tuition Reduction If you are allowed to study tuition free or for a reduced rate of tuition, you may not have to pay tax on this benefit. Amend your tax return This is called a “tuition reduction. Amend your tax return ” You do not have to include a qualified tuition reduction in your income. Amend your tax return A tuition reduction is qualified only if you receive it from, and use it at, an eligible educational institution. Amend your tax return You do not have to use the tuition reduction at the eligible educational institution from which you received it. Amend your tax return In other words, if you work for an eligible educational institution and the institution arranges for you to take courses at another eligible educational institution without paying any tuition, you may not have to include the value of the free courses in your income. Amend your tax return The rules for determining if a tuition reduction is qualified, and therefore tax free, are different if the education provided is below the graduate level or is graduate education. Amend your tax return You must include in your income any tuition reduction you receive that is payment for your services. Amend your tax return Eligible educational institution. Amend your tax return   An eligible educational institution is one that maintains a regular faculty and curriculum and normally has a regularly enrolled body of students in attendance at the place where it carries on its educational activities. Amend your tax return Officers, owners, and highly compensated employees. Amend your tax return   Qualified tuition reductions apply to officers, owners, or highly compensated employees only if benefits are available to employees on a nondiscriminatory basis. Amend your tax return This means that the tuition reduction benefits must be available on substantially the same basis to each member of a group of employees. Amend your tax return The group must be defined under a reasonable classification set up by the employer. Amend your tax return The classification must not discriminate in favor of owners, officers, or highly compensated employees. Amend your tax return Payment for services. Amend your tax return   Generally, you must include in income the part of any qualified tuition reduction that represents payment for teaching, research, or other services by the student required as a condition of receiving the qualified tuition reduction. Amend your tax return This applies even if all candidates for a degree must perform the services to receive the degree. Amend your tax return (See below for exceptions. Amend your tax return ) Exceptions. Amend your tax return   You do not have to include in income the part of any scholarship or fellowship that represents payment for teaching, research, or other services if you receive the amount under: The National Health Service Corps Scholarship Program, or The Armed Forces Health Professions Scholarship and Financial Assistance Program. Amend your tax return Education Below the Graduate Level If you receive a tuition reduction for education below the graduate level (including primary, secondary, or high school), it is a qualified tuition reduction, and therefore tax free, only if your relationship to the educational institution providing the benefit is described below. Amend your tax return You are an employee of the eligible educational institution. Amend your tax return You were an employee of the eligible educational institution, but you retired or left on disability. Amend your tax return You are a widow or widower of an individual who died while an employee of the eligible educational institution or who retired or left on disability. Amend your tax return You are the dependent child or spouse of an individual described in (1) through (3), above. Amend your tax return Child of deceased parents. Amend your tax return   For purposes of the qualified tuition reduction, a child is a dependent child if the child is under age 25 and both parents have died. Amend your tax return Child of divorced parents. Amend your tax return   For purposes of the qualified tuition reduction, a dependent child of divorced parents is treated as the dependent of both parents. Amend your tax return Graduate Education A tuition reduction you receive for graduate education is qualified, and therefore tax free, if both of the following requirements are met. Amend your tax return It is provided by an eligible educational institution. Amend your tax return You are a graduate student who performs teaching or research activities for the educational institution. Amend your tax return You must include in income any other tuition reductions for graduate education that you receive. Amend your tax return How To Report Any tuition reduction that is taxable should be included as wages in box 1 of your Form W-2. Amend your tax return Report the amount from Form W-2, box 1, on line 7 (Form 1040 or Form 1040A) or line 1 (Form 1040EZ). Amend your tax return Prev  Up  Next   Home   More Online Publications