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H&r block online 12. H&r block online   How To Get More Information Table of Contents Internal Revenue ServiceLow Income Taxpayer Clinics (LITCs) Small Business Administration Other Federal Agencies This section describes the help the IRS and other federal agencies offer to taxpayers who operate their own businesses. H&r block online Internal Revenue Service Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. H&r block online Free help with your return. H&r block online   You can get free help preparing your return nationwide from IRS-certified volunteers. H&r block online The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. H&r block online The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. H&r block online Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. H&r block online In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. H&r block online To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. H&r block online gov, download the IRS2Go app, or call 1-800-906-9887. H&r block online   As part of the TCE program, AARP offers the Tax-Aide counseling program. H&r block online To find the nearest AARP Tax-Aide site, visit AARP's website at www. H&r block online aarp. H&r block online org/money/taxaide or call 1-888-227-7669. H&r block online For more information on these programs, go to IRS. H&r block online gov and enter “VITA” in the search box. H&r block online Internet. H&r block online    IRS. H&r block online gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. H&r block online Download the free IRS2Go app from the iTunes app store or from Google Play. H&r block online Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. H&r block online Check the status of your 2013 refund with the Where's My Refund? application on IRS. H&r block online gov or download the IRS2Go app and select the Refund Status option. H&r block online The IRS issues more than 9 out of 10 refunds in less than 21 days. H&r block online Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. H&r block online You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. H&r block online The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. H&r block online Use the Interactive Tax Assistant (ITA) to research your tax questions. H&r block online No need to wait on the phone or stand in line. H&r block online The ITA is available 24 hours a day, 7 days a week, and provides you with a variety of tax information related to general filing topics, deductions, credits, and income. H&r block online When you reach the response screen, you can print the entire interview and the final response for your records. H&r block online New subject areas are added on a regular basis. H&r block online  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. H&r block online gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. H&r block online You can use the IRS Tax Map, to search publications and instructions by topic or keyword. H&r block online The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. H&r block online When the user searches the IRS Tax Map, they will be provided with links to related content in existing IRS publications, forms and instructions, questions and answers, and Tax Topics. H&r block online Coming this filing season, you can immediately view and print for free all 5 types of individual federal tax transcripts (tax returns, tax account, record of account, wage and income statement, and certification of non-filing) using Get Transcript. H&r block online You can also ask the IRS to mail a return or an account transcript to you. H&r block online Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. H&r block online gov or by calling 1-800-908-9946. H&r block online Tax return and tax account transcripts are generally available for the current year and the past three years. H&r block online Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. H&r block online Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. H&r block online If you received the First Time Homebuyer Credit, you can use the First Time Homebuyer Credit Account Look-up tool for information on your repayments and account balance. H&r block online Check the status of your amended return using Where's My Amended Return? Go to IRS. H&r block online gov and enter Where's My Amended Return? in the search box. H&r block online You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. H&r block online It can take up to 3 weeks from the date you mailed it to show up in our system. H&r block online Make a payment using one of several safe and convenient electronic payment options available on IRS. H&r block online gov. H&r block online Select the Payment tab on the front page of IRS. H&r block online gov for more information. H&r block online Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. H&r block online Figure your income tax withholding with the IRS Withholding Calculator on IRS. H&r block online gov. H&r block online Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. H&r block online Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. H&r block online gov. H&r block online Request an Electronic Filing PIN by going to IRS. H&r block online gov and entering Electronic Filing PIN in the search box. H&r block online Download forms, instructions and publications, including accessible versions for people with disabilities. H&r block online Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. H&r block online gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. H&r block online An employee can answer questions about your tax account or help you set up a payment plan. H&r block online Before you visit, check the Office Locator on IRS. H&r block online gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. H&r block online If you have a special need, such as a disability, you can request an appointment. H&r block online Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. H&r block online Apply for an Employer Identification Number (EIN). H&r block online Go to IRS. H&r block online gov and enter Apply for an EIN in the search box. H&r block online Read the Internal Revenue Code, regulations, or other official guidance. H&r block online Read Internal Revenue Bulletins. H&r block online Sign up to receive local and national tax news and more by email. H&r block online Just click on “subscriptions” above the search box on IRS. H&r block online gov and choose from a variety of options. H&r block online    Phone. H&r block online You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. H&r block online Download the free IRS2Go app from the iTunes app store or from Google Play. H&r block online Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. H&r block online gov, or download the IRS2Go app. H&r block online Low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. H&r block online The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. H&r block online Most VITA and TCE sites offer free electronic filing. H&r block online Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. H&r block online Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. H&r block online Call the automated Where's My Refund? information hotline to check the status of your 2013 refund 24 hours a day, 7 days a week at 1-800-829-1954. H&r block online If you e-file, you can start checking on the status of your return within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. H&r block online The IRS issues more than 9 out of 10 refunds in less than 21 days. H&r block online Where's My Refund? will give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. H&r block online Before you call this automated hotline, have your 2013 tax return handy so you can enter your social security number, your filing status, and the exact whole dollar amount of your refund. H&r block online The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. H&r block online Note, the above information is for our automated hotline. H&r block online Our live phone and walk-in assistors can research the status of your refund only if it's been 21 days or more since you filed electronically or more than 6 weeks since you mailed your paper return. H&r block online Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. H&r block online You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. H&r block online It can take up to 3 weeks from the date you mailed it to show up in our system. H&r block online Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, publications, and prior-year forms and instructions (limited to 5 years). H&r block online You should receive your order within 10 business days. H&r block online Call TeleTax, 1-800-829-4477, to listen to pre-recorded messages covering general and business tax information. H&r block online If, between January and April 15, you still have questions about the Form 1040, 1040A, or 1040EZ (like filing requirements, dependents, credits, Schedule D, pensions and IRAs or self-employment taxes), call 1-800-829-1040. H&r block online Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. H&r block online The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. H&r block online These individuals can also contact the IRS through relay services such as the Federal Relay Service. H&r block online    Walk-in. H&r block online You can find a selection of forms, publications and services — in-person. H&r block online Products. H&r block online You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. H&r block online Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. H&r block online Services. H&r block online You can walk in to your local TAC for face-to-face tax help. H&r block online An employee can answer questions about your tax account or help you set up a payment plan. H&r block online Before visiting, use the Office Locator tool on IRS. H&r block online gov, or choose the Contact Us option on the IRS2Go app and search Local Offices for days and hours of operation, and services provided. H&r block online    Mail. H&r block online You can send your order for forms, instructions, and publications to the address below. H&r block online You should receive a response within 10 business days after your request is received. H&r block online  Internal Revenue Service 1201 N. H&r block online Mitsubishi Motorway Bloomington, IL 61705-6613    The Taxpayer Advocate Service Is Here to Help You. H&r block online The Taxpayer Advocate Service (TAS) is your voice at the IRS. H&r block online Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. H&r block online   What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. H&r block online We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. H&r block online You face (or your business is facing) an immediate threat of adverse action. H&r block online You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. H&r block online   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. H&r block online Here's why we can help: TAS is an independent organization within the IRS. H&r block online Our advocates know how to work with the IRS. H&r block online Our services are free and tailored to meet your needs. H&r block online We have offices in every state, the District of Columbia, and Puerto Rico. H&r block online   How can you reach us? If you think TAS can help you, call your local advocate, whose number is in your local directory and at Taxpayer Advocate, or call us toll-free at 1-877-777-4778. H&r block online   How else does TAS help taxpayers?  TAS also works to resolve large-scale, systemic problems that affect many taxpayers. H&r block online If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System. H&r block online Low Income Taxpayer Clinics (LITCs) Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals and tax collection disputes. H&r block online Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. H&r block online Visit Taxpayer Advocate or see IRS Publication 4134, Low Income Taxpayer Clinic List. H&r block online Small Business Administration The Small Business Administration (SBA) offers training and educational programs, counseling services, financial programs, and contract assistance for small business owners. H&r block online The SBA also has publications and videos on a variety of business topics. H&r block online The following briefly describes assistance provided by the SBA. H&r block online Small Business Development Centers (SBDCs). H&r block online   SBDCs provide counseling, training, and technical services to current and prospective small business owners who cannot afford the services of a private consultant. H&r block online Help is available when beginning, improving, or expanding a small business. H&r block online Business Information Centers (BICs). H&r block online   BICs offer a small business reference library, management video tapes, and computer technology to help plan a business. H&r block online BICs also offer one-on-one assistance. H&r block online Individuals who are in business or are interested in starting a business can use BICs as often as they wish at no charge. H&r block online Service Corps of Retired Executives (SCORE). H&r block online   SCORE provides small business counseling and training to current and prospective small business owners. H&r block online SCORE is made up of current and former business people who offer their expertise and knowledge to help people start, manage, and expand a small business. H&r block online SCORE also offers a variety of small business workshops. H&r block online Internet. H&r block online    You can visit the SBA website at www. H&r block online sba. H&r block online gov. H&r block online While visiting the SBA website, you can find a variety of information of interest to small business owners. H&r block online Phone. H&r block online    Call the SBA Answer Desk at 1-800-U-ASK-SBA (1-800-827-5722) for general information about programs available to assist small business owners. H&r block online Walk-in. H&r block online   You can walk in to a Small Business Development Center or Business Information Center to request assistance with your small business. H&r block online To find the location nearest you, visit the SBA website or call the SBA Answer Desk. H&r block online Other Federal Agencies Other federal agencies also publish publications and pamphlets to assist small businesses. H&r block online Most of these are available from the Superintendent of Documents at the Government Printing Office. H&r block online You can get information and order these publications and pamphlets in several ways. H&r block online Internet. H&r block online   You can visit the GPO website at  www. H&r block online access. H&r block online gpo. H&r block online gov. H&r block online Mail. H&r block online   Write to the GPO at the following address. H&r block online  Superintendent of Documents U. H&r block online S. H&r block online Government Printing Office P. H&r block online O. H&r block online Box 979050 St. H&r block online Louis, MO 63917-9000 Phone. H&r block online   Call the GPO toll-free at 1-866-512-1800 or at 202-512-1800 from the Washington, DC, area. H&r block online Prev  Up  Next   Home   More Online Publications
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H&r block online 2. H&r block online   Foreclosures and Repossessions Table of Contents Amount realized and ordinary income on a recourse debt. H&r block online Amount realized on a nonrecourse debt. H&r block online If you do not make payments you owe on a loan secured by property, the lender may foreclose on the loan or repossess the property. H&r block online The foreclosure or repossession is treated as a sale from which you may realize gain or loss. H&r block online This is true even if you voluntarily return the property to the lender. H&r block online If the outstanding loan balance was more than the FMV of the property and the lender cancels all or part of the remaining loan balance, you also may realize ordinary income from the cancellation of debt. H&r block online You must report this income on your return unless certain exceptions or exclusions apply. H&r block online See chapter 1 for more details. H&r block online Borrower's gain or loss. H&r block online    You figure and report gain or loss from a foreclosure or repossession in the same way as gain or loss from a sale. H&r block online The gain is the difference between the amount realized and your adjusted basis in the transferred property (amount realized minus adjusted basis). H&r block online The loss is the difference between your adjusted basis in the transferred property and the amount realized (adjusted basis minus amount realized). H&r block online For more information on figuring gain or loss from the sale of property, see Gain or Loss From Sales and Exchanges in Publication 544. H&r block online You can use Table 1-1 to figure your ordinary income from the cancellation of debt and your gain or loss from a foreclosure or repossession. H&r block online Amount realized and ordinary income on a recourse debt. H&r block online    If you are personally liable for the debt, the amount realized on the foreclosure or repossession includes the smaller of: The outstanding debt immediately before the transfer reduced by any amount for which you remain personally liable immediately after the transfer, or The FMV of the transferred property. H&r block online The amount realized also includes any proceeds you received from the foreclosure sale. H&r block online If the FMV of the transferred property is less than the total outstanding debt immediately before the transfer reduced by any amount for which you remain personally liable immediately after the transfer, the difference is ordinary income from the cancellation of debt. H&r block online You must report this income on your return unless certain exceptions or exclusions apply. H&r block online See chapter 1 for more details. H&r block online       Example 1. H&r block online Tara bought a new car for $15,000. H&r block online She made a $2,000 downpayment and borrowed the remaining $13,000 from the dealer's credit company. H&r block online Tara is personally liable for the loan (recourse debt) and the car is pledged as security for the loan. H&r block online On August 1, 2013, the credit company repossessed the car because Tara had stopped making loan payments. H&r block online The balance due after taking into account the payments Tara made was $10,000. H&r block online The FMV of the car when it was repossessed was $9,000. H&r block online On November 15, 2013, the credit company forgave the remaining $1,000 balance on the loan due to insufficient assets. H&r block online In this case, the amount Tara realizes is $9,000. H&r block online This is the smaller of: The $10,000 outstanding debt immediately before the repossession reduced by the $1,000 for which she remains personally liable immediately after the repossession ($10,000 − $1,000 = $9,000), or The $9,000 FMV of the car. H&r block online Tara figures her gain or loss on the repossession by comparing the $9,000 amount realized with her $15,000 adjusted basis. H&r block online She has a $6,000 nondeductible loss. H&r block online After the cancellation of the remaining balance on the loan in November, Tara also has ordinary income from cancellation of debt in the amount of $1,000 (the remaining balance on the $10,000 loan after the $9,000 amount satisfied by the FMV of the repossessed car). H&r block online Tara must report this $1,000 on her return unless one of the exceptions or exclusions described in chapter 1 applies. H&r block online Example 2. H&r block online Lili paid $200,000 for her home. H&r block online She made a $15,000 downpayment and borrowed the remaining $185,000 from a bank. H&r block online Lili is personally liable for the mortgage loan and the house secures the loan. H&r block online In 2013, the bank foreclosed on the mortgage because Lili stopped making payments. H&r block online When the bank foreclosed the mortgage, the balance due was $180,000, the FMV of the house was $170,000, and Lili's adjusted basis was $175,000 due to a casualty loss she had deducted. H&r block online At the time of the foreclosure, the bank forgave $2,000 of the $10,000 debt in excess of the FMV ($180,000 minus $170,000). H&r block online She remained personally liable for the $8,000 balance. H&r block online In this case, Lili has ordinary income from the cancellation of debt in the amount of $2,000. H&r block online The $2,000 income from the cancellation of debt is figured by subtracting the $170,000 FMV of the house from the $172,000 difference between her total outstanding debt immediately before the transfer of property and the amount for which she remains personally liable immediately after the transfer ($180,000 minus $8,000). H&r block online She is able to exclude the $2,000 of canceled debt from her income under the qualified principal residence indebtedness rules discussed earlier. H&r block online Lili must also determine her gain or loss from the foreclosure. H&r block online In this case, the amount that she realizes is $170,000. H&r block online This is the smaller of: (a) the $180,000 outstanding debt immediately before the transfer reduced by the $8,000 for which she remains personally liable immediately after the transfer ($180,000 − $8,000 = $172,000) or (b) the $170,000 FMV of the house. H&r block online Lili figures her gain or loss on the foreclosure by comparing the $170,000 amount realized with her $175,000 adjusted basis. H&r block online She has a $5,000 nondeductible loss. H&r block online Table 1-1. H&r block online Worksheet for Foreclosures and Repossessions Part 1. H&r block online Complete Part 1 only if you were personally liable for the debt (even if none of the debt was canceled). H&r block online Otherwise, go to Part 2. H&r block online 1. H&r block online Enter the amount of outstanding debt immediately before the transfer of property reduced by any amount for which you remain personally liable immediately after the transfer of property   2. H&r block online Enter the fair market value of the transferred property   3. H&r block online Ordinary income from the cancellation of debt upon foreclosure or repossession. H&r block online * Subtract line 2 from line 1. H&r block online If less than zero, enter zero. H&r block online Next, go to Part 2   Part 2. H&r block online Gain or loss from foreclosure or repossession. H&r block online   4. H&r block online Enter the smaller of line 1 or line 2. H&r block online If you did not complete Part 1 (because you were not personally liable for the debt), enter the amount of outstanding debt immediately before the transfer of property   5. H&r block online Enter any proceeds you received from the foreclosure sale   6. H&r block online Add line 4 and line 5   7. H&r block online Enter the adjusted basis of the transferred property   8. H&r block online Gain or loss from foreclosure or repossession. H&r block online Subtract line 7 from line 6   * The income may not be taxable. H&r block online See chapter 1 for more details. H&r block online Amount realized on a nonrecourse debt. H&r block online    If you are not personally liable for repaying the debt secured by the transferred property, the amount you realize includes the full amount of the outstanding debt immediately before the transfer. H&r block online This is true even if the FMV of the property is less than the outstanding debt immediately before the transfer. H&r block online Example 1. H&r block online Tara bought a new car for $15,000. H&r block online She made a $2,000 downpayment and borrowed the remaining $13,000 from the dealer's credit company. H&r block online Tara is not personally liable for the loan (nonrecourse), but pledged the new car as security for the loan. H&r block online On August 1, 2013, the credit company repossessed the car because Tara had stopped making loan payments. H&r block online The balance due after taking into account the payments Tara made was $10,000. H&r block online The FMV of the car when it was repossessed was $9,000. H&r block online The amount Tara realized on the repossession is $10,000. H&r block online That is the outstanding amount of debt immediately before the repossession, even though the FMV of the car is less than $10,000. H&r block online Tara figures her gain or loss on the repossession by comparing the $10,000 amount realized with her $15,000 adjusted basis. H&r block online Tara has a $5,000 nondeductible loss. H&r block online Example 2. H&r block online Lili paid $200,000 for her home. H&r block online She made a $15,000 downpayment and borrowed the remaining $185,000 from a bank. H&r block online She is not personally liable for the loan, but grants the bank a mortgage. H&r block online The bank foreclosed on the mortgage because Lili stopped making payments. H&r block online When the bank foreclosed on the mortgage, the balance due was $180,000, the FMV of the house was $170,000, and Lili's adjusted basis was $175,000 due to a casualty loss she had deducted. H&r block online The amount Lili realized on the foreclosure is $180,000, the outstanding debt immediately before the foreclosure. H&r block online She figures her gain or loss by comparing the $180,000 amount realized with her $175,000 adjusted basis. H&r block online Lili has a $5,000 realized gain. H&r block online See Publication 523 to figure and report any taxable amount. H&r block online Forms 1099-A and 1099-C. H&r block online    A lender who acquires an interest in your property in a foreclosure or repossession should send you Form 1099-A, Acquisition or Abandonment of Secured Property, showing information you need to figure your gain or loss. H&r block online However, if the lender also cancels part of your debt and must file Form 1099-C, the lender can include the information about the foreclosure or repossession on that form instead of on Form 1099-A. H&r block online The lender must file Form 1099-C and send you a copy if the amount of debt canceled is $600 or more and the lender is a financial institution, credit union, federal government agency, or any organization that has a significant trade or business of lending money. H&r block online For foreclosures or repossessions occurring in 2013, these forms should be sent to you by January 31, 2014. H&r block online Prev  Up  Next   Home   More Online Publications