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Free Tax Filing For College Students

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Free Tax Filing For College Students

Free tax filing for college students 6. Free tax filing for college students   Insurance Table of Contents What's New Introduction Topics - This chapter discusses: Useful Items - You may want to see: Deductible PremiumsSelf-Employed Health Insurance Deduction Nondeductible Premiums Capitalized Premiums When To Deduct Premiums What's New Retiree drug subsidy. Free tax filing for college students  Beginning in 2013, sponsors of certain qualified retiree prescription drug plans must account for the subsidy received by reducing the amount of qualified retiree prescription drug plans expense by the subsidy received (taking into account the taxpayer's accounting method). Free tax filing for college students For more information, see the retiree drug subsidy frequently asked questions on IRS. Free tax filing for college students gov. Free tax filing for college students Introduction You generally can deduct the ordinary and necessary cost of insurance as a business expense if it is for your trade, business, or profession. Free tax filing for college students However, you may have to capitalize certain insurance costs under the uniform capitalization rules. Free tax filing for college students For more information, see Capitalized Premiums , later. Free tax filing for college students Topics - This chapter discusses: Deductible premiums Nondeductible premiums Capitalized premiums When to deduct premiums Useful Items - You may want to see: Publication 15-B Employer's Tax Guide to Fringe Benefits 525 Taxable and Nontaxable Income 538 Accounting Periods and Methods 547 Casualties, Disasters, and Thefts Form (and Instructions) 1040 U. Free tax filing for college students S. Free tax filing for college students Individual Income Tax Return See chapter 12 for information about getting publications and forms. Free tax filing for college students Deductible Premiums You generally can deduct premiums you pay for the following kinds of insurance related to your trade or business. Free tax filing for college students Insurance that covers fire, storm, theft, accident, or similar losses. Free tax filing for college students Credit insurance that covers losses from business bad debts. Free tax filing for college students Group hospitalization and medical insurance for employees, including long-term care insurance. Free tax filing for college students If a partnership pays accident and health insurance premiums for its partners, it generally can deduct them as guaranteed payments to partners. Free tax filing for college students If an S corporation pays accident and health insurance premiums for its more-than-2% shareholder-employees, it generally can deduct them, but must also include them in the shareholder's wages subject to federal income tax withholding. Free tax filing for college students See Publication 15-B. Free tax filing for college students Liability insurance. Free tax filing for college students Malpractice insurance that covers your personal liability for professional negligence resulting in injury or damage to patients or clients. Free tax filing for college students Workers' compensation insurance set by state law that covers any claims for bodily injuries or job-related diseases suffered by employees in your business, regardless of fault. Free tax filing for college students If a partnership pays workers' compensation premiums for its partners, it generally can deduct them as guaranteed payments to partners. Free tax filing for college students If an S corporation pays workers' compensation premiums for its more-than-2% shareholder-employees, it generally can deduct them, but must also include them in the shareholder's wages. Free tax filing for college students Contributions to a state unemployment insurance fund are deductible as taxes if they are considered taxes under state law. Free tax filing for college students Overhead insurance that pays for business overhead expenses you have during long periods of disability caused by your injury or sickness. Free tax filing for college students Car and other vehicle insurance that covers vehicles used in your business for liability, damages, and other losses. Free tax filing for college students If you operate a vehicle partly for personal use, deduct only the part of the insurance premium that applies to the business use of the vehicle. Free tax filing for college students If you use the standard mileage rate to figure your car expenses, you cannot deduct any car insurance premiums. Free tax filing for college students Life insurance covering your officers and employees if you are not directly or indirectly a beneficiary under the contract. Free tax filing for college students Business interruption insurance that pays for lost profits if your business is shut down due to a fire or other cause. Free tax filing for college students Self-Employed Health Insurance Deduction You may be able to deduct premiums paid for medical and dental insurance and qualified long-term care insurance for yourself, your spouse, and your dependents. Free tax filing for college students The insurance can also cover your child who was under age 27 at the end of 2013, even if the child was not your dependent. Free tax filing for college students A child includes your son, daughter, stepchild, adopted child, or foster child. Free tax filing for college students A foster child is any child placed with you by an authorized placement agency or by judgment, decree, or other order of any court of competent jurisdiction. Free tax filing for college students One of the following statements must be true. Free tax filing for college students You were self-employed and had a net profit for the year reported on Schedule C (Form 1040), Profit or Loss From Business; Schedule C-EZ (Form 1040), Net Profit From Business; or Schedule F (Form 1040), Profit or Loss From Farming. Free tax filing for college students You were a partner with net earnings from self-employment for the year reported on Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc. Free tax filing for college students , box 14, code A. Free tax filing for college students You used one of the optional methods to figure your net earnings from self-employment on Schedule SE. Free tax filing for college students You received wages in 2013 from an S corporation in which you were a more-than-2% shareholder. Free tax filing for college students Health insurance premiums paid or reimbursed by the S corporation are shown as wages on Form W-2, Wage and Tax Statement. Free tax filing for college students The insurance plan must be established, or considered to be established as discussed in the following bullets, under your business. Free tax filing for college students For self-employed individuals filing a Schedule C, C-EZ, or F, a policy can be either in the name of the business or in the name of the individual. Free tax filing for college students For partners, a policy can be either in the name of the partnership or in the name of the partner. Free tax filing for college students You can either pay the premiums yourself or your partnership can pay them and report the premium amounts on Schedule K-1 (Form 1065) as guaranteed payments to be included in your gross income. Free tax filing for college students However, if the policy is in your name and you pay the premiums yourself, the partnership must reimburse you and report the premium amounts on Schedule K-1 (Form 1065) as guaranteed payments to be included in your gross income. Free tax filing for college students Otherwise, the insurance plan will not be considered to be established under your business. Free tax filing for college students For more-than-2% shareholders, a policy can be either in the name of the S corporation or in the name of the shareholder. Free tax filing for college students You can either pay the premiums yourself or your S corporation can pay them and report the premium amounts on Form W-2 as wages to be included in your gross income. Free tax filing for college students However, if the policy is in your name and you pay the premiums yourself, the S corporation must reimburse you and report the premium amounts on Form W-2 as wages to be included in your gross income. Free tax filing for college students Otherwise, the insurance plan will not be considered to be established under your business. Free tax filing for college students Medicare premiums you voluntarily pay to obtain insurance in your name that is similar to qualifying private health insurance can be used to figure the deduction. Free tax filing for college students If you previously filed returns without using Medicare premiums to figure the deduction, you can file timely amended returns to refigure the deduction. Free tax filing for college students For more information, see Form 1040X, Amended U. Free tax filing for college students S. Free tax filing for college students Individual Income Tax Return. Free tax filing for college students Amounts paid for health insurance coverage from retirement plan distributions that were nontaxable because you are a retired public safety officer cannot be used to figure the deduction. Free tax filing for college students Take the deduction on Form 1040, line 29. Free tax filing for college students Qualified long-term care insurance. Free tax filing for college students   You can include premiums paid on a qualified long-term care insurance contract when figuring your deduction. Free tax filing for college students But, for each person covered, you can include only the smaller of the following amounts. Free tax filing for college students The amount paid for that person. Free tax filing for college students The amount shown below. Free tax filing for college students Use the person's age at the end of the tax year. Free tax filing for college students Age 40 or younger–$360 Age 41 to 50–$680 Age 51 to 60–$1,360 Age 61 to 70–$3,640 Age 71 or older–$4,550 Qualified long-term care insurance contract. Free tax filing for college students   A qualified long-term care insurance contract is an insurance contract that only provides coverage of qualified long-term care services. Free tax filing for college students The contract must meet all the following requirements. Free tax filing for college students It must be guaranteed renewable. Free tax filing for college students It must provide that refunds, other than refunds on the death of the insured or complete surrender or cancellation of the contract, and dividends under the contract may be used only to reduce future premiums or increase future benefits. Free tax filing for college students It must not provide for a cash surrender value or other money that can be paid, assigned, pledged, or borrowed. Free tax filing for college students It generally must not pay or reimburse expenses incurred for services or items that would be reimbursed under Medicare, except where Medicare is a secondary payer or the contract makes per diem or other periodic payments without regard to expenses. Free tax filing for college students Qualified long-term care services. Free tax filing for college students   Qualified long-term care services are: Necessary diagnostic, preventive, therapeutic, curing, treating, mitigating, and rehabilitative services, and Maintenance or personal care services. Free tax filing for college students The services must be required by a chronically ill individual and prescribed by a licensed health care practitioner. Free tax filing for college students Worksheet 6-A. Free tax filing for college students Self-Employed Health Insurance Deduction Worksheet Note. Free tax filing for college students Use a separate worksheet for each trade or business under which an insurance plan is established. Free tax filing for college students 1. Free tax filing for college students Enter the total amount paid in 2013 for health insurance coverage established under your business for 2013 for you, your spouse, and your dependents. Free tax filing for college students Your insurance can also cover your child who was under age 27 at the end of 2013, even if the child was not your dependent. Free tax filing for college students But do not include the following. Free tax filing for college students   Amounts for any month you were eligible to participate in a health plan subsidized by your or your spouse's employer or the employer of either your dependent or your child who was under the age of 27 at the end of 2013. Free tax filing for college students Any amounts paid from retirement plan distributions that were nontaxable because you are a retired public safety officer. Free tax filing for college students Any amounts you included on Form 8885, line 4. Free tax filing for college students Any qualified health insurance premiums you paid to “U. Free tax filing for college students S. Free tax filing for college students Treasury-HCTC. Free tax filing for college students ” Any health coverage tax credit advance payments shown in box 1 of Form 1099-H. Free tax filing for college students Any payments for qualified long-term care insurance (see line 2) 1. Free tax filing for college students   2. Free tax filing for college students For coverage under a qualified long-term care insurance contract, enter for each person covered the smaller of the following amounts. Free tax filing for college students       a) Total payments made for that person during the year. Free tax filing for college students       b) The amount shown below. Free tax filing for college students Use the person's age at the end of the tax year. Free tax filing for college students         $360— if that person is age 40 or younger          $680— if age 41 to 50         $1,360— if age 51 to 60         $3,640— if age 61 to 70         $4,550— if age 71 or older         Do not include payments for any month you were eligible to participate in a long-term care insurance plan subsidized by your or your spouse’s employer or the employer of either your dependent or your child who was under the age of 27 at the end of 2013. Free tax filing for college students If more than one person is covered, figure separately the amount to enter for each person. Free tax filing for college students Then enter the total of those amounts 2. Free tax filing for college students   3. Free tax filing for college students Add lines 1 and 2 3. Free tax filing for college students   4. Free tax filing for college students Enter your net profit* and any other earned income** from the trade or business under which the insurance plan is established. Free tax filing for college students Do not include Conservation Reserve Program payments exempt from self-employment tax. Free tax filing for college students If the business is an S corporation, skip to line 11 4. Free tax filing for college students   5. Free tax filing for college students Enter the total of all net profits* from: Schedule C (Form 1040), line 31; Schedule C-EZ (Form 1040), line 3; Schedule F (Form 1040), line 34; or Schedule K-1 (Form 1065), box 14, code A; plus any other income allocable to the profitable businesses. Free tax filing for college students Do not include Conservation Reserve Program payments exempt from self-employment tax. Free tax filing for college students See the Instructions for Schedule SE (Form 1040). Free tax filing for college students Do not include any net losses shown on these schedules. Free tax filing for college students 5. Free tax filing for college students   6. Free tax filing for college students Divide line 4 by line 5 6. Free tax filing for college students   7. Free tax filing for college students Multiply Form 1040, line 27, by the percentage on line 6 7. Free tax filing for college students   8. Free tax filing for college students Subtract line 7 from line 4 8. Free tax filing for college students   9. Free tax filing for college students Enter the amount, if any, from Form 1040, line 28, attributable to the same trade or business in which the insurance plan is established 9. Free tax filing for college students   10. Free tax filing for college students Subtract line 9 from line 8 10. Free tax filing for college students   11. Free tax filing for college students Enter your Medicare wages (Form W-2, box 5) from an S corporation in which you are a more-than-2% shareholder and in which the insurance plan is established 11. Free tax filing for college students   12. Free tax filing for college students Enter any amount from Form 2555, line 45, attributable to the amount entered on line 4 or 11 above, or any amount from Form 2555-EZ, line 18, attributable to the amount entered on line 11 above 12. Free tax filing for college students   13. Free tax filing for college students Subtract line 12 from line 10 or 11, whichever applies 13. Free tax filing for college students   14. Free tax filing for college students Enter the smaller of line 3 or line 13 here and on Form 1040, line 29. Free tax filing for college students Do not include this amount when figuring any medical expense deduction on Schedule A (Form 1040). Free tax filing for college students 14. Free tax filing for college students   * If you used either optional method to figure your net earnings from self-employment from any business, do not enter your net profit from the business. Free tax filing for college students Instead, enter the amount attributable to that business from Schedule SE (Form 1040), Section B, line 4b. Free tax filing for college students * *Earned income includes net earnings and gains from the sale, transfer, or licensing of property you created. Free tax filing for college students However, it does not include capital gain income. Free tax filing for college students Chronically ill individual. Free tax filing for college students   A chronically ill individual is a person who has been certified as one of the following. Free tax filing for college students An individual who has been unable, due to loss of functional capacity for at least 90 days, to perform at least two activities of daily living without substantial assistance from another individual. Free tax filing for college students Activities of daily living are eating, toileting, transferring (general mobility), bathing, dressing, and continence. Free tax filing for college students An individual who requires substantial supervision to be protected from threats to health and safety due to severe cognitive impairment. Free tax filing for college students The certification must have been made by a licensed health care practitioner within the previous 12 months. Free tax filing for college students Benefits received. Free tax filing for college students   For information on excluding benefits you receive from a long-term care contract from gross income, see Publication 525. Free tax filing for college students Other coverage. Free tax filing for college students   You cannot take the deduction for any month you were eligible to participate in any employer (including your spouse's) subsidized health plan at any time during that month, even if you did not actually participate. Free tax filing for college students In addition, if you were eligible for any month or part of a month to participate in any subsidized health plan maintained by the employer of either your dependent or your child who was under age 27 at the end of 2013, do not use amounts paid for coverage for that month to figure the deduction. Free tax filing for college students   These rules are applied separately to plans that provide long-term care insurance and plans that do not provide long-term care insurance. Free tax filing for college students However, any medical insurance payments not deductible on Form 1040, line 29, can be included as medical expenses on Schedule A (Form 1040), Itemized Deductions, if you itemize deductions. Free tax filing for college students Effect on itemized deductions. Free tax filing for college students   Subtract the health insurance deduction from your medical insurance when figuring medical expenses on Schedule A (Form 1040) if you itemize deductions. Free tax filing for college students Effect on self-employment tax. Free tax filing for college students   For tax years beginning before or after 2010, you cannot subtract the self-employed health insurance deduction when figuring net earnings for your self-employment tax from the business under which the insurance plan is established, or considered to be established as discussed earlier. Free tax filing for college students For more information, see Schedule SE (Form 1040). Free tax filing for college students How to figure the deduction. Free tax filing for college students   Generally, you can use the worksheet in the Form 1040 instructions to figure your deduction. Free tax filing for college students However, if any of the following apply, you must use Worksheet 6-A in this chapter. Free tax filing for college students You had more than one source of income subject to self-employment tax. Free tax filing for college students You file Form 2555, Foreign Earned Income, or Form 2555-EZ, Foreign Earned Income Exclusion. Free tax filing for college students You are using amounts paid for qualified long-term care insurance to figure the deduction. Free tax filing for college students If you are claiming the health coverage tax credit, complete Form 8885, Health Coverage Tax Credit, before you figure this deduction. Free tax filing for college students Health coverage tax credit. Free tax filing for college students   You may be able to take this credit only if you were an eligible trade adjustment assistance (TAA) recipient, alternative TAA (ATAA) recipient, reemployment trade adjustment assistance (RTAA) recipient, or Pension Benefit Guaranty Corporation (PBGC) pension recipient. Free tax filing for college students Use Form 8885 to figure the amount, if any, of this credit. Free tax filing for college students   When figuring the amount to enter on line 1 of Worksheet 6-A, do not include the following. Free tax filing for college students Any amounts you included on Form 8885, line 4. Free tax filing for college students Any qualified health insurance premiums you paid to “U. Free tax filing for college students S. Free tax filing for college students Treasury-HCTC. Free tax filing for college students ” Any health coverage tax credit advance payments shown in box 1 of Form 1099-H, Health Coverage Tax Credit (HCTC) Advance Payments. Free tax filing for college students More than one health plan and business. Free tax filing for college students   If you have more than one health plan during the year and each plan is established under a different business, you must use separate worksheets (Worksheet 6-A) to figure each plan's net earnings limit. Free tax filing for college students Include the premium you paid under each plan on line 1 or line 2 of that separate worksheet and your net profit (or wages) from that business on line 4 (or line 11). Free tax filing for college students For a plan that provides long-term care insurance, the total of the amounts entered for each person on line 2 of all worksheets cannot be more than the appropriate limit shown on line 2 for that person. Free tax filing for college students Nondeductible Premiums You cannot deduct premiums on the following kinds of insurance. Free tax filing for college students Self-insurance reserve funds. Free tax filing for college students You cannot deduct amounts credited to a reserve set up for self-insurance. Free tax filing for college students This applies even if you cannot get business insurance coverage for certain business risks. Free tax filing for college students However, your actual losses may be deductible. Free tax filing for college students See Publication 547. Free tax filing for college students Loss of earnings. Free tax filing for college students You cannot deduct premiums for a policy that pays for lost earnings due to sickness or disability. Free tax filing for college students However, see the discussion on overhead insurance, item (8), under Deductible Premiums , earlier. Free tax filing for college students Certain life insurance and annuities. Free tax filing for college students For contracts issued before June 9, 1997, you cannot deduct the premiums on a life insurance policy covering you, an employee, or any person with a financial interest in your business if you are directly or indirectly a beneficiary of the policy. Free tax filing for college students You are included among possible beneficiaries of the policy if the policy owner is obligated to repay a loan from you using the proceeds of the policy. Free tax filing for college students A person has a financial interest in your business if the person is an owner or part owner of the business or has lent money to the business. Free tax filing for college students For contracts issued after June 8, 1997, you generally cannot deduct the premiums on any life insurance policy, endowment contract, or annuity contract if you are directly or indirectly a beneficiary. Free tax filing for college students The disallowance applies without regard to whom the policy covers. Free tax filing for college students Partners. Free tax filing for college students If, as a partner in a partnership, you take out an insurance policy on your own life and name your partners as beneficiaries to induce them to retain their investments in the partnership, you are considered a beneficiary. Free tax filing for college students You cannot deduct the insurance premiums. Free tax filing for college students Insurance to secure a loan. Free tax filing for college students If you take out a policy on your life or on the life of another person with a financial interest in your business to get or protect a business loan, you cannot deduct the premiums as a business expense. Free tax filing for college students Nor can you deduct the premiums as interest on business loans or as an expense of financing loans. Free tax filing for college students In the event of death, the proceeds of the policy are generally not taxed as income even if they are used to liquidate the debt. Free tax filing for college students Capitalized Premiums Under the uniform capitalization rules, you must capitalize the direct costs and part of the indirect costs for certain production or resale activities. Free tax filing for college students Include these costs in the basis of property you produce or acquire for resale, rather than claiming them as a current deduction. Free tax filing for college students You recover the costs through depreciation, amortization, or cost of goods sold when you use, sell, or otherwise dispose of the property. Free tax filing for college students Indirect costs include premiums for insurance on your plant or facility, machinery, equipment, materials, property produced, or property acquired for resale. Free tax filing for college students Uniform capitalization rules. Free tax filing for college students   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. Free tax filing for college students Produce real property or tangible personal property. Free tax filing for college students For this purpose, tangible personal property includes a film, sound recording, video tape, book, or similar property. Free tax filing for college students Acquire property for resale. Free tax filing for college students However, these rules do not apply to the following property. Free tax filing for college students Personal property you acquire for resale if your average annual gross receipts are $10 million or less for the 3 prior tax years. Free tax filing for college students Property you produce if you meet either of the following conditions. Free tax filing for college students Your indirect costs of producing the property are $200,000 or less. Free tax filing for college students You use the cash method of accounting and do not account for inventories. Free tax filing for college students More information. Free tax filing for college students   For more information on these rules, see Uniform Capitalization Rules in Publication 538 and the regulations under Internal Revenue Code section 263A. Free tax filing for college students When To Deduct Premiums You can usually deduct insurance premiums in the tax year to which they apply. Free tax filing for college students Cash method. Free tax filing for college students   If you use the cash method of accounting, you generally deduct insurance premiums in the tax year you actually paid them, even if you incurred them in an earlier year. Free tax filing for college students However, see Prepayment , later. Free tax filing for college students Accrual method. Free tax filing for college students   If you use an accrual method of accounting, you cannot deduct insurance premiums before the tax year in which you incur a liability for them. Free tax filing for college students In addition, you cannot deduct insurance premiums before the tax year in which you actually pay them (unless the exception for recurring items applies). Free tax filing for college students For more information about the accrual method of accounting, see chapter 1. Free tax filing for college students For information about the exception for recurring items, see Publication 538. Free tax filing for college students Prepayment. Free tax filing for college students   You cannot deduct expenses in advance, even if you pay them in advance. Free tax filing for college students This rule applies to any expense paid far enough in advance to, in effect, create an asset with a useful life extending substantially beyond the end of the current tax year. Free tax filing for college students   Expenses such as insurance are generally allocable to a period of time. Free tax filing for college students You can deduct insurance expenses for the year to which they are allocable. Free tax filing for college students Example. Free tax filing for college students In 2013, you signed a 3-year insurance contract. Free tax filing for college students Even though you paid the premiums for 2013, 2014, and 2015 when you signed the contract, you can only deduct the premium for 2013 on your 2013 tax return. Free tax filing for college students You can deduct in 2014 and 2015 the premium allocable to those years. Free tax filing for college students Dividends received. Free tax filing for college students   If you receive dividends from business insurance and you deducted the premiums in prior years, at least part of the dividends generally are income. Free tax filing for college students For more information, see Recovery of amount deducted (tax benefit rule) in chapter 1 under How Much Can I Deduct. Free tax filing for college students Prev  Up  Next   Home   More Online Publications
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Foreclosure Resources

If you're facing foreclosure, get housing counseling and other assistance.


Housing - Avoiding Foreclosure

If you miss your mortgage payments, you may lose your home through foreclosure. Your lender can use foreclosure as a legal means to repossess your home. If you owe more than your property is worth, a deficiency judgment is pursued. Both foreclosures and deficiency judgments have a negative impact on your future credit. You should avoid foreclosure if at all possible.

These steps can help:

  • Do not ignore the letters from your lender. If you're having problems making your payments, call or write to your lender's loss mitigation department immediately. Explain your situation. Be prepared to provide them with financial information, such as your monthly income and expenses, loan documents/ type of mortgage, tax returns, the amount of equity in your home. Without this information, they may not be able to help.
  • Stay in your home for now. You may not qualify for assistance if you abandon your property.For example, the Hope for Homeowners program only offers 30-year fixed-rate mortgages to owner occupiers.
  • Contact a HUD-approved housing counseling agency. Call 1-800-569-4287 or TDD 1-800-877-8339 for the housing counseling agency nearest you. These agencies are valuable resources.

HUD counselors frequently have information on services and programs offered by government agencies as well as private and community organizations that could help you. The housing counseling agency may also offer credit counseling. These services are usually free of charge.

Mortgage and Foreclosure Scams

Most mortgage professionals are trustworthy and provide a valuable service by allowing families to own a home without saving enough money to buy it outright. But dishonest or "predatory" lenders do exist and engage in lending practices that increase the chances that a borrower will lose a home to foreclosure. Some abusive practices include:

  • Lease-back or rent-to-buy scams: You are asked to transfer the title to your home "temporarily" to the scam artist who promises to obtain better financing for your mortgage and allow you to stay in your home as a renter with the option to purchase the home back. However, if you do not comply with the terms of the rent-to-buy agreement, you will lose your money and be evicted like any other tenant.
  • Fake "government" modification programs: These scams claim to be affiliated with the government or require that you pay high fees in order to benefit from government modification programs. Remember that you do not have to pay any fees to participate in government-approved programs. Some frauds may even use words like "federal" or "government-approved" or acquire website names that make consumers think they are associated with the government.
  • Refinance fraud: The scam artist offers to be an intermediary between you and your mortgage lender to negotiate a loan modification. The scam artist may even instruct you to make payments directly to him or her, which the scammer will send to the lender. However, the scam artist will not forward the payments to your lender and you could still lose your home.
  • "Eliminate your debt" claims: Some companies may make false legal claims that you are not required to repay your mortgage or that they know of "secret laws" that can eliminate your debt. Do not believe these claims.
  • Refinance scams: You are encouraged to sign "foreclosure rescue" loan documents to refinance your loan. In reality, you have surrendered ownership of your home because the loan documents are actually deed transfer documents. You may falsely believe that your home has been saved from foreclosure until you receive an eviction notice months or even years later.

Beware of Foreclosure Rescue Scams-Help is Free

  • Beware of anyone who asks you to pay a fee in exchange for a counseling service or modification of a delinquent loan.
  • Scam artists often target homeowners who are struggling to meet their mortgage commitment or are anxious to sell their homes. Recognize and avoid common scams.
  • Beware of people who pressure you to sign papers immediately or who try to convince you that they can save your home if you sign or transfer the deed to your house over to them.
  • Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt.

Making Home Affordable

The Making Home Affordable Program offers opportunities to modify or refinance your mortgage to make your monthly payments more affordable. It also includes the Home Affordable Foreclosure Alternatives Program for homeowners who are interested in a short sale or deed-in-lieu of foreclosure. Go to makinghomeaffordable.gov or call the Homeowner's HOPE Hotline, 1-888-995-HOPE (4673).

The Free Tax Filing For College Students

Free tax filing for college students Index A Accelerated death benefits, Accelerated Death Benefits, Accelerated death benefits. Free tax filing for college students Archer MSA, HSA, Archer MSA, or Medicare Advantage MSA, HSA, Archer MSA, or a Medicare Advantage MSA. Free tax filing for college students Assistance (see Tax help) Astronauts Tax forgiveness, Astronauts B Basis Inherited property, Basis of Inherited Property Joint interest property, Joint interest. Free tax filing for college students Qualified joint interest, Qualified joint interest. Free tax filing for college students Beneficiary Basis of property, Basis of Inherited Property Character of distributions, Character of Distributions Excess deductions, Excess deductions. Free tax filing for college students Income received, Other Items of Income Liability, estate's income tax, Liability of the beneficiary. Free tax filing for college students Nonresident alien, Nonresident alien beneficiary. Free tax filing for college students Reporting distributions, How and When To Report Successor, Successor beneficiary. Free tax filing for college students Treatment of distributions, Distributions to Beneficiaries Unused loss carryovers, Unused loss carryovers. Free tax filing for college students Bequest Defined, Bequest Property received, Gifts, Insurance, and Inheritances C Claim, credit or refund, Claim for Credit or Refund Combat zone, Combat Zone Comments, Comments and suggestions. Free tax filing for college students Coverdell education savings account (ESA), Coverdell Education Savings Account (ESA), Coverdell education savings account (ESA). Free tax filing for college students Credit Child tax, Child tax credit. Free tax filing for college students Earned income, Earned income credit. Free tax filing for college students Elderly or disabled, Credit for the elderly or the disabled. Free tax filing for college students Final return for decedent, Credits General business, General business tax credit. Free tax filing for college students D Death benefits Accelerated, Accelerated Death Benefits, Accelerated death benefits. Free tax filing for college students Public safety officers, Death benefits. Free tax filing for college students Decedent Final return, Final Income Tax Return for Decedent—Form 1040 Income in respect of, Income in Respect of a Decedent Deductions Estate tax, Estate Tax Deduction In respect of decedent, Deductions in Respect of a Decedent Medical expenses, Medical Expenses Standard, Standard Deduction Distributable net income, Distributable net income. Free tax filing for college students Distributions Deduction, Income Distribution Deduction Limit on deduction, Tax-exempt income not deductible. Free tax filing for college students Not treated as bequests, Distributions not treated as bequests. Free tax filing for college students Property, in kind, Property distributed in kind. Free tax filing for college students E Education savings account, Coverdell, Coverdell Education Savings Account (ESA), Coverdell education savings account (ESA). Free tax filing for college students Estate Income tax return, Income Tax Return of an Estate— Form 1041 Insolvent, Insolvent estate. Free tax filing for college students Period of administration, Period of Administration Tax deduction, Estate Tax Deduction Termination, Termination of Estate Transfer of unused deductions, Transfer of Unused Deductions to Beneficiaries Estate tax deduction, Estate Tax Deduction Estimated tax, Estimated tax. Free tax filing for college students , Transfer of Credit for Estimated Tax Payments Example Comprehensive, Comprehensive Example Decedent's final return, Final Return for Decedent—Form 1040 Estate's tax return, Income Tax Return of an Estate—Form 1041 Exemption Estate's tax return, Exemption Deduction Final return for decedent, Exemptions Expenses Accrued, Accrued expenses. Free tax filing for college students Administration, Administration Expenses Deductions in respect of decedent, Deductions in Respect of a Decedent Funeral, Funeral and Medical Expenses Medical, Medical Expenses, Medical and dental expenses of a decedent. Free tax filing for college students Extension to file Form 1041, Extension of time to file. Free tax filing for college students F Fiduciary relationship, Notice of fiduciary relationship. Free tax filing for college students Filing requirements Decedent's final return, Filing Requirements Estate's tax return, Filing Requirements Final return for decedent Credits, Credits Exemption and deductions, Exemptions and Deductions Filing requirements, Filing Requirements Income to include, Income To Include Joint return, Joint Return Name, address, and signature, Name, Address, and Signature Other taxes, Other Taxes Payments, Payments of Tax When and where to file, When and Where To File Who must file, Final Income Tax Return for Decedent—Form 1040 Form 1040NR, Nonresident Alien, Filing Requirements 1041, Income Tax Return of an Estate— Form 1041 1042, Nonresident alien beneficiary. Free tax filing for college students 1310, Form 1310, Statement of Person Claiming Refund Due a Deceased Taxpayer. Free tax filing for college students 4810, Form 4810. Free tax filing for college students 56, Notice of fiduciary relationship. Free tax filing for college students 6251, Form 6251. Free tax filing for college students 706, Estate and Gift Taxes SS–4, Identification number. Free tax filing for college students Free tax services, Free help with your tax return. Free tax filing for college students Funeral expenses, Funeral expenses. Free tax filing for college students G Gift, property, Gifts, Insurance, and Inheritances H Help (see Tax help) I Identification number, application, Identification number. Free tax filing for college students Income Community, Community Income Distributable net income, Distributable net income. Free tax filing for college students Distributed currently, Income That Must Be Distributed Currently Interest and dividend, Interest and Dividend Income (Forms 1099) Partnership, final return, Partnership Income S corporation, S Corporation Income Self-employment, Self-Employment Income Income in respect of decedent, Income in Respect of a Decedent, Inherited IRAs. Free tax filing for college students Income tax return of an estate Credits, tax, and payments, Credits, Tax, and Payments Exemption and deductions, Exemption and Deductions Filing requirements, Filing Requirements Income to include, Income To Include Name, address, and signature, Name, Address, and Signature When and where to file, When and Where To File Inherited IRAs, Inherited IRAs. Free tax filing for college students Inherited property, Gifts, Insurance, and Inheritances Installment obligations, Installment obligations. Free tax filing for college students , Installment obligations. Free tax filing for college students Insurance, Insurance J Joint return Revoked by personal representative, Personal representative may revoke joint return election. Free tax filing for college students Who can file, Joint Return L Losses Deduction on final return, Deduction for Losses Estate's tax return, Losses M Military or terrorist actions Claim for credit or refund, Claim for Credit or Refund Defined, Military or terrorist action defined. Free tax filing for college students Tax forgiveness, Tax Forgiveness for Armed Forces Members, Victims of Terrorism, and Astronauts N Notice of fiduciary relationship Form 56, Notice of fiduciary relationship. Free tax filing for college students P Partnership income, Partnership Income, Partnership income. Free tax filing for college students Penalty Information returns, Penalty. Free tax filing for college students Substantial valuation misstatement, Valuation misstatements. Free tax filing for college students Personal representative Defined, Personal Representative Duties, Duties Fees received, Fees Received by Personal Representatives Penalty, Penalty. Free tax filing for college students , Penalty. Free tax filing for college students Prompt assessment, request, Request for prompt assessment (charge) of tax. Free tax filing for college students Public safety officers, death benefits, Death benefits. Free tax filing for college students Publications (see Tax help) R Refund File for decedent, Refund Military or terrorist action deaths, Claim for Credit or Refund Release from liability, Request for discharge from personal liability for tax. Free tax filing for college students Return Decedent's final, Final Income Tax Return for Decedent—Form 1040 Estate's income tax, Income Tax Return of an Estate— Form 1041 Information, Information Returns Roth IRA, Roth IRAs. Free tax filing for college students S Separate shares rule, Separate shares rule. Free tax filing for college students Suggestions, Comments and suggestions. Free tax filing for college students Survivors Income, Other Items of Income Tax benefits, Tax Benefits for Survivors T Tax Alternative minimum Estate, Alternative minimum tax (AMT). Free tax filing for college students Individuals, Alternative minimum tax (AMT). Free tax filing for college students Benefits, survivors, Tax Benefits for Survivors Estimated, estate, Estimated tax. Free tax filing for college students , Transfer of Credit for Estimated Tax Payments Payments, final return, Payments of Tax Refund of income (claim), Form 1310, Statement of Person Claiming Refund Due a Deceased Taxpayer. Free tax filing for college students Self-employment, Self-employment tax. Free tax filing for college students Transfer of credit, Transfer of Credit for Estimated Tax Payments Tax help, How To Get Tax Help Terrorist action, tax relief, Tax Forgiveness for Armed Forces Members, Victims of Terrorism, and Astronauts Terrorist victim, Specified Terrorist Victim TTY/TDD information, How To Get Tax Help V Valuation method Inherited property, Basis of Inherited Property Special-use, Special-use valuation. Free tax filing for college students Victims of terrorist attacks, Specified Terrorist Victim W Widows and widowers, tax benefits, Qualifying widows and widowers. Free tax filing for college students Prev  Up     Home   More Online Publications