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H&r Block Tax Return

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H&r Block Tax Return

H&r block tax return 30. H&r block tax return   Cómo Calcular los Impuestos Table of Contents Introduction Cómo Calcular los Impuestos Impuesto Mínimo Alternativo (AMT) Impuestos Calculados por el IRS Cómo Presentar la Declaración Introduction Una vez que haya calculado los ingresos y deducciones según se explica en las Partes Uno a Cinco, calcule los impuestos. H&r block tax return Este capítulo trata sobre los temas siguientes: Los pasos a seguir para calcular los impuestos, Un impuesto adicional que podría verse obligado a pagar, el cual se denomina “impuesto mínimo alternativo” (AMT, por sus siglas en inglés) y Las condiciones que tiene que cumplir si desea que el IRS le calcule los impuestos. H&r block tax return Cómo Calcular los Impuestos El impuesto sobre los ingresos se basa en los ingresos tributables. H&r block tax return Después de haber calculado el impuesto sobre los ingresos y el impuesto mínimo alternativo, si lo hubiera, reste los créditos tributarios y sume cualquier otro impuesto adeudado. H&r block tax return El resultado es el total de los impuestos. H&r block tax return Compare el total de los impuestos con el total de los pagos que ha efectuado para saber si tiene derecho a un reembolso o si tiene que efectuar un pago. H&r block tax return Esta sección expone los puntos generales para calcular el impuesto. H&r block tax return Puede encontrar instrucciones detalladas en las Instrucciones de los Formularios 1040EZ, 1040A y 1040. H&r block tax return Si no está seguro de qué formulario tributario debe presentar, vea ¿Qué Formulario Debo Usar? , en el capítulo 1. H&r block tax return Impuestos. H&r block tax return   La mayor parte de los contribuyentes utiliza la Tabla de Impuestos o la Hoja de Trabajo para el Cálculo del Impuesto para calcular el impuesto sobre el ingreso. H&r block tax return No obstante, existen métodos especiales si los ingresos incluyen cualquiera de los siguientes puntos: Una ganancia neta de capital. H&r block tax return (Vea el capítulo 16). H&r block tax return Dividendos calificados gravados a la misma tasa que una ganancia neta de capital. H&r block tax return (Vea los capítulos 8 y 16). H&r block tax return Distribuciones de suma global. H&r block tax return (Vea el capítulo 10). H&r block tax return Ingresos procedentes de la agricultura o pesca. H&r block tax return (Vea el Anexo J del Formulario 1040, Income Averaging for Farmers and Fishermen (Cómo calcular el promedio de ingresos para los agricultores y pescadores), en inglés. H&r block tax return Ingresos de inversiones de más de $2,000 para determinados hijos. H&r block tax return (Vea el capítulo 31). H&r block tax return Elección del padre o de la madre de declarar los intereses y dividendos de un hijo. H&r block tax return (Vea el capítulo 31). H&r block tax return Exclusión de ingresos devengados en el extranjero o exclusión por concepto de vivienda en el extranjero. H&r block tax return (Vea el Formulario 2555, Foreign Earned Income (Ingresos devengados en el extranjero) o el Formulario 2555-EZ, Foreign Earned Income Exclusion (Exclusión de ingresos devengados en el extranjero) y el Foreign Earned Income Tax Worksheet (Hoja de trabajo para los impuestos sobre ingresos devengados en el extranjero) de las Instrucciones del Formulario 1040), todos en inglés. H&r block tax return Créditos. H&r block tax return   Luego de haber calculado el impuesto sobre los ingresos y todo impuesto mínimo alternativo (explicado más adelante), verifique si tiene derecho a algún crédito tributario. H&r block tax return Puede encontrar información para saber si tiene derecho a estos créditos tributarios en los capítulos 32 al 37 y en las instrucciones de los formularios de impuestos. H&r block tax return La tabla a continuación muestra los créditos que tal vez pueda restar del impuesto y le indica en dónde puede encontrar más información sobre cada crédito. H&r block tax return CRÉDITOS Para información sobre: Vea el   capítulo: Adopción 37 Vehículo motorizado alternativo 37 Propiedad para reabastecimiento de vehículos con combustible alternativo 37 Cuidado de menores y dependientes 32 Crédito tributario por hijos 34 Crédito para titulares de bonos de crédito tributario 37 Estudios 35 Ancianos o personas incapacitadas 33 Crédito por vehículos eléctricos 37 Impuestos del extranjero 37 Intereses hipotecarios 37 Impuesto mínimo de años anteriores 37 Energía residencial 37 Aportaciones a arreglos de ahorros para la jubilación 37   Hay algunos créditos (como el crédito por ingreso del trabajo) que no aparecen en la lista porque se consideran pagos. H&r block tax return Vea Pagos , más adelante. H&r block tax return   Existen otros créditos no abordados en esta publicación. H&r block tax return Éstos abarcan los siguientes créditos: Crédito general para negocios, el cual se compone de distintos créditos relacionados con los negocios. H&r block tax return Éstos suelen declararse en el Formulario 3800, General Business Credit (Crédito general para negocios) y se explican en el capítulo 4 de la Publicación 334, Tax Guide for Small Business (Guía tributaria para pequeños negocios), ambos en inglés. H&r block tax return Crédito por producción de electricidad renovable, carbón refinado y carbón de yacimientos en tierras pertenecientes a indios para electricidad y carbón refinado producidos en instalaciones puestas en funcionamiento después del 22 de octubre de 2004 (después del 2 de octubre de 2008, para la electricidad producida mediante la energía hidrocinética renovable y la energía marina renovable) y carbón de yacimientos en tierras pertenecientes a indios producido en instalaciones puestas en funcionamiento después del 8 de agosto de 2005. H&r block tax return Vea la Parte II del Formulario 8835, Renewable Electricity, Refined Coal, and Indian Coal Production Credit (Crédito por producción de electricidad renovable, carbón refinado y carbón de yacimientos en tierras pertenecientes a indios), en inglés. H&r block tax return Crédito de oportunidad laboral. H&r block tax return Vea el Formulario 5884, Work Opportunity Credit (Crédito de oportunidad laboral), en inglés. H&r block tax return Crédito por impuestos del Seguro Social y Medicare del empleador pagados sobre ciertas propinas del empleado. H&r block tax return Vea el Formulario 8846, Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips (Crédito por impuestos del Seguro Social y del Medicare pagados por el empleador sobre ciertas propinas del empleado), en inglés. H&r block tax return Otros impuestos. H&r block tax return   Después de haber restado los créditos tributarios, determine si tiene que pagar impuestos adicionales. H&r block tax return Este capítulo no explica dichos impuestos adicionales. H&r block tax return Esa información aparece en otros capítulos de esta publicación y en las instrucciones de los formularios. H&r block tax return Consulte la tabla siguiente para ver otros impuestos que tal vez necesite sumar al impuesto sobre los ingresos. H&r block tax return OTROS IMPUESTOS Para información sobre: Vea el   capítulo: Impuestos adicionales sobre planes de jubilación y arreglos IRA calificados 10, 17 Impuestos sobre el empleo de empleados domésticos 32 Recuperación de un crédito para estudios 35 Impuesto del Seguro Social y Medicare sobre el salario 5 Impuesto del Seguro Social y Medicare sobre las propinas 6 Impuestos no retenidos del Seguro Social y Medicare sobre propinas 6   Usted quizás podría verse obligado a pagar el impuesto mínimo alternativo (el cual se explica más adelante en este capítulo). H&r block tax return   Existen impuestos adicionales que no se explican en esta publicación. H&r block tax return Éstos abarcan lo siguiente: Impuesto sobre el trabajo por cuenta propia. H&r block tax return Tiene que calcular este impuesto si cualquiera de las dos condiciones siguientes le corresponde (o a su cónyuge, si usted presenta una declaración conjunta). H&r block tax return Tiene ganancias netas provenientes del trabajo por cuenta propia de $400 o más, salvo ingresos de un empleado de una iglesia. H&r block tax return El término “ganancias netas provenientes del trabajo por cuenta propia” puede incluir determinada remuneración que no recibió como empleado y otras cantidades detalladas en el Formulario 1099-MISC, Miscellaneous Income (Ingresos misceláneos), en inglés. H&r block tax return Si recibió el Formulario 1099-MISC, vea las Instructions for Recipient (Instrucciones para el destinatario), al dorso del mismo. H&r block tax return Asimismo, vea las instrucciones del Anexo SE del Formulario 1040, Self-Employment Tax (Impuesto sobre el trabajo por cuenta propia) y la Publicación 334, Tax Guide for Small Business (Guía tributaria para pequeños negocios), ambas en inglés. H&r block tax return Recibió ingresos de $108. H&r block tax return 28 o más como empleado de una iglesia. H&r block tax return Impuesto Adicional del Medicare. H&r block tax return Comenzando en el año 2013, usted quizás podría estar sujeto a un Impuesto Adicional del Medicare de 0. H&r block tax return 9%, que se le aplica a los salarios sujetos al impuesto Medicare, la remuneración recibida conforme a la Railroad Retirement Act (Ley de Jubilación Ferroviaria) y el ingreso sobre el trabajo por cuenta propia que esté sobre cierta cantidad según su estado civil para efectos de la declaración. H&r block tax return Si desea más información, vea las instrucciones para la línea 60 del Formulario 1040 y las Instrucciones para el Formulario 8959, ambas disponibles en inglés. H&r block tax return Impuesto sobre los ingresos netos de inversión (NIIT, por sus siglas en inglés). H&r block tax return Comenzando en el año 2013, usted quizás podría estar sujeto al impuesto sobre los ingresos netos de inversión (NIIT, por sus siglas en inglés). H&r block tax return El NIIT es un impuesto de 3. H&r block tax return 8% sobre la cantidad menor entre el ingreso neto de inversión o la cantidad en exceso de su ingreso bruto ajustado modificado sobre una cantidad límite. H&r block tax return Si desea más información, vea las instrucciones para la línea 60 del Formulario 1040 y las Instrucciones para el Formulario 8960, ambas disponibles en inglés. H&r block tax return Impuestos sobre recuperaciones. H&r block tax return Podría verse obligado a pagar estos impuestos si antes ha reclamado un crédito por inversiones, crédito de vivienda para personas de bajos recursos, crédito por mercados nuevos, crédito por vehículos enchufables con motor de dirección eléctrica que reúnen los requisitos, crédito por vehículo motorizado alternativo, crédito por instalaciones para proveer cuidado de niños provistas por el empleador, crédito por empleo de indios estadounidenses u otros créditos enumerados en las instrucciones para la línea 60 del Formulario 1040. H&r block tax return Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. H&r block tax return Impuesto sobre beneficios en exceso de la sección 72(m)(5). H&r block tax return Si usted es (o fue) propietario del 5% de un negocio y recibió una distribución superior a los beneficios que se le ofrecen conforme a la fórmula para planes de pensiones o de anualidades calificados, tal vez tenga que pagar este impuesto adicional. H&r block tax return Vea Tax on Excess Benefits (Impuesto sobre beneficios en exceso), en el capítulo 4 de la Publicación 560, Retirement Plans for Small Business (Planes de jubilación para pequeños negocios), en inglés. H&r block tax return Impuesto del Seguro Social y Medicare sobre el seguro de vida colectivo a término fijo que no fue recaudado. H&r block tax return Si su antiguo empleador proveyó más de $50,000 en cobertura de seguro de vida colectivo a término fijo, usted tiene que pagar la parte correspondiente al empleado de los impuestos del Seguro Social y Medicare sobre esas primas. H&r block tax return La cantidad debe aparecer en el recuadro 12 del Formulario W-2 con los códigos M y N. H&r block tax return Impuestos sobre pagos de contrato blindado. H&r block tax return Este impuesto le corresponde si recibió un “pago de contrato blindado en exceso” ( “excess parachute payment” o EPP, por sus siglas en inglés) debido a un cambio de propietario o administración de la empresa. H&r block tax return La cantidad de este impuesto debe estar indicada en el recuadro 12 del Formulario W-2 con el código K. H&r block tax return Vea las instrucciones para la línea 60 del Formulario 1040. H&r block tax return Impuestos sobre distribuciones acumuladas de fideicomisos. H&r block tax return Esto le corresponde si es el beneficiario de un fideicomiso que haya acumulado ingresos, en vez de haberlos distribuido a intervalos regulares. H&r block tax return Vea el Formulario 4970, Tax on Accumulation Distribution of Trusts (Impuestos sobre distribuciones acumuladas de fideicomisos), y sus instrucciones, en inglés. H&r block tax return Impuestos adicionales sobre las cuentas HSA o MSA. H&r block tax return Puede que tenga que pagar impuestos adicionales si las cantidades que se han aportado a su cuenta de ahorros para la salud (HSA, por sus siglas en inglés) o su cuenta de ahorros para gastos médicos (MSA, por sus siglas en inglés) o las cantidades que se han distribuido de éstas no cumplen los requisitos correspondientes a dichas cuentas. H&r block tax return Vea la Publicación 969, Health Savings Accounts and Other Tax-Favored Health Plans (Cuentas de ahorros para la salud y otros planes para la salud con beneficios tributarios); el Formulario 8853, Archer MSAs and Long-Term Care Insurance Contracts (Cuentas Archer MSA de ahorros médicos y contratos del seguro de cuidado a largo plazo); Formulario 8889, Health Savings Accounts (HSAs) (Cuentas de ahorros médicos (HSA, por sus siglas en inglés)) y el Formulario 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts (Impuestos adicionales sobre planes calificados (incluidos los arreglos IRA) y otras cuentas con beneficios tributarios), todos en inglés. H&r block tax return Impuestos adicionales en cuentas Coverdell ESA para estudios. H&r block tax return Esto es aplicable si las cantidades que se han aportado a su cuenta Coverdell ESA para estudios o que se han distribuido de la misma no satisfacen los requisitos correspondientes a dichas cuentas. H&r block tax return Vea la Publicación 970, Tax Benefits for Education (Prestaciones tributarias para estudios) y el Formulario 5329, ambos en inglés. H&r block tax return Impuestos adicionales sobre programas de matrícula calificada. H&r block tax return Esto corresponde a cantidades distribuidas de programas de matrícula calificada generales pero que no cumplan los requisitos de dichas cuentas. H&r block tax return Vea la Publicación 970 y el Formulario 5329, ambos en inglés. H&r block tax return Impuestos sobre artículos de uso y consumo gravados sobre remuneraciones de acciones internas de una empresa expatriada. H&r block tax return Tal vez adeude un impuesto sobre artículos de uso y consumo del 15% sobre el valor de opciones de acciones no estatutarias y sobre otra remuneración determinada procedente de las acciones, de las cuales usted o un miembro de su familia es dueño, que es de una empresa expatriada o su grupo ampliado de filiales en las que usted fue ejecutivo, directivo o propietario de más del 10%. H&r block tax return Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. H&r block tax return Impuestos adicionales sobre ingresos recibidos de un plan de remuneración diferida no calificado que no reúna determinados requisitos adicionales. H&r block tax return Estos ingresos tienen que aparecer en el recuadro 12 del Formulario W-2, con el código Z o en el recuadro 15b del Formulario 1099-MISC. H&r block tax return Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. H&r block tax return Intereses sobre los impuestos adeudados sobre ingresos de pagos a plazo procedentes de la venta de ciertos terrenos residenciales y multipropiedades. H&r block tax return Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. H&r block tax return Intereses sobre los impuestos diferidos sobre ganancias de ciertas ventas a plazos con precio de venta superior a $150,000. H&r block tax return Para información adicional, vea las instrucciones para la línea 60 del Formulario 1040. H&r block tax return Devolución del crédito tributario para comprador de primera vivienda. H&r block tax return Si desea más información, vea el Formulario 5405, Repayment of the First-Time Homebuyer Credit (Devolución del crédito tributario para comprador de primera vivienda) y sus instrucciones, disponibles en inglés. H&r block tax return Además, vea las instrucciones para la línea 59b del Formulario 1040, en inglés. H&r block tax return Pagos. H&r block tax return   Después de calcular el impuesto total, calcule el total de los pagos que ya haya efectuado para el año. H&r block tax return Incluya los créditos que se tratan como pagos. H&r block tax return Este capítulo no explica dichos pagos ni créditos. H&r block tax return Esa información aparece en otros capítulos de esta publicación y en las instrucciones de los formularios. H&r block tax return Vea la siguiente tabla para saber qué cantidades se pueden incluir en el total de sus pagos. H&r block tax return PAGOS Para información sobre: Vea el   capítulo: Crédito tributario por hijos (adicional) 34 Crédito por ingreso del trabajo 36 Impuestos estimados pagados 4 Impuestos de Seguro Social o impuestos de la jubilación ferroviaria retenidos en exceso 37 Retención del impuesto federal sobre los ingresos 4 Crédito tributario por cobertura del seguro médico 37 Crédito por sociedad inversionista reglamentada 37 Impuesto pagado a través de prórroga 1   Otro crédito que se considera un pago es el crédito por concepto del impuesto federal sobre artículos de uso y consumo pagado sobre combustibles. H&r block tax return Este crédito es para personas que hagan uso no tributable de determinados combustibles, tales como diésel y keroseno. H&r block tax return Se declara en la línea 70 del Formulario 1040. H&r block tax return Vea el Formulario 4136, Credit for Federal Tax Paid on Fuels (Crédito por impuestos federales pagados sobre combustibles), en inglés. H&r block tax return Reembolso o saldo adeudado. H&r block tax return   Para saber si tiene derecho a recibir un reembolso o si tiene que efectuar algún pago, compare el total de los pagos con el total del impuesto. H&r block tax return Si tiene derecho a un reembolso, vea las instrucciones del formulario que presentará para saber cómo puede depositar dicho reembolso directamente en una o más de sus cuentas o para comprar bonos de ahorros de los Estados Unidos en vez de recibir un cheque en papel. H&r block tax return Impuesto Mínimo Alternativo (AMT) Esta sección explica brevemente el impuesto adicional que podría verse obligado a pagar. H&r block tax return La ley tributaria les da un trato especial a determinados tipos de ingresos y permite deducciones y créditos especiales para algunos tipos de gastos. H&r block tax return Los contribuyentes que se vean beneficiados por este trato particular podrían estar obligados a pagar al menos una cantidad mínima de impuestos mediante otro impuesto adicional denominado “impuesto mínimo alternativo” (AMT, por sus siglas en inglés). H&r block tax return Tal vez tenga que pagar el impuesto mínimo alternativo si sus ingresos tributables para fines tributarios normales, sumados a determinados ajustes y elementos de preferencia tributaria, superan una determinada cantidad. H&r block tax return Vea el Formulario 6251, Alternative Minimum Tax — Individuals (Impuesto mínimo alternativo — personas físicas), en inglés. H&r block tax return Ajustes y elementos de preferencia tributaria. H&r block tax return   Los ajustes más comunes y elementos de preferencia tributaria abarcan los siguientes casos: Inclusión de exenciones personales, Inclusión de la deducción estándar (si ésta se reclamó), Inclusión de deducciones detalladas por concepto de impuestos estatales y locales, determinados intereses, la mayor parte de las deducciones misceláneas y parte de los gastos médicos, Exclusión de todo reembolso de impuestos estatales y locales que se haya incluido en los ingresos brutos, Cambios en la depreciación acelerada de determinados bienes, La diferencia entre ganancias y pérdidas sobre la venta de bienes declarada para fines tributarios normales y del impuesto mínimo alternativo, Inclusión de determinados ingresos procedentes de opciones de compra de acciones con incentivo, Cambio en ciertas deducciones por pérdidas de actividades pasivas, Inclusión de algún valor de agotamiento que sea superior a la base ajustada de los bienes, Inclusión de una parte de la deducción por ciertos gastos de perforación intangibles e Inclusión de intereses exentos de impuestos sobre determinados bonos de una actividad privada. H&r block tax return Información adicional. H&r block tax return   Para más información acerca del impuesto mínimo alternativo, vea las Instrucciones para el Formulario 6251, en inglés. H&r block tax return Impuestos Calculados por el IRS Si presenta la declaración para el 15 de abril de 2014, puede pedir que el IRS le calcule los impuestos en el Formulario 1040EZ, el Formulario 1040A o el Formulario 1040. H&r block tax return Si el IRS le calcula los impuestos y usted pagó demasiado, recibirá un reembolso. H&r block tax return Si no pagó lo suficiente, recibirá una factura que indique el saldo adeudado. H&r block tax return Para no tener que pagar intereses o una multa por pagos morosos, tiene que pagar la factura dentro de 30 días a partir de la fecha de la factura o para la fecha de vencimiento para la presentación de la declaración, la que ocurra más tarde. H&r block tax return El IRS también le calcula el crédito para ancianos o personas incapacitadas además del crédito por ingreso del trabajo. H&r block tax return Cuándo el IRS no puede calcularle los impuestos. H&r block tax return   El IRS no puede calcularle los impuestos si se da alguna de las siguientes condiciones: Desea que el reembolso se deposite directamente en sus cuentas. H&r block tax return Desea que alguna parte del reembolso se aplique al impuesto estimado de 2014. H&r block tax return Recibió ingresos para el año de fuentes que no sean salarios, sueldos, propinas, intereses, dividendos, beneficios de Seguro Social sujetos a impuestos, compensación por desempleo, distribuciones de un arreglo IRA, pensiones y anualidades. H&r block tax return Su ingreso tributable es $100,000 o más. H&r block tax return Detalla las deducciones. H&r block tax return Presenta cualquiera de los siguientes formularios: Formulario 2555, Foreign Earned Income (Ingresos devengados en el extranjero), en inglés. H&r block tax return Formulario 2555-EZ, Foreign Earned Income Exclusion (Exclusión de ingresos devengados en el extranjero), en inglés. H&r block tax return Formulario 4137, Social Security and Medicare Tax on Unreported Tip Income (Impuestos del Seguro Social y Medicare sobre el ingreso de propinas no declaradas), en inglés. H&r block tax return Formulario 4970, Tax on Accumulation Distribution of Trusts (Impuesto sobre distribuciones acumuladas de un fideicomiso), en inglés. H&r block tax return Formulario 4972, Tax on Lump-Sum Distributions (Impuesto sobre distribuciones de sumas globales), en inglés. H&r block tax return Formulario 6198, At-Risk Limitations (Límites sobre el monto en riesgo), en inglés. H&r block tax return Formulario 6251, Alternative Minimum Tax—Individuals (Impuesto mínimo alternativo—personas físicas), en inglés. H&r block tax return Formulario 8606, Nondeductible IRAs (Arreglos IRA no deducibles), en inglés. H&r block tax return Formulario 8615, Tax for Certain Children Who Have Unearned Income (Impuesto para determinados hijos con ingresos no derivados del trabajo), en inglés. H&r block tax return Formulario 8814, Parents' Election To Report Child's Interest and Dividends (Decisión de los padres de declarar los intereses y dividendos del hijo), en inglés. H&r block tax return Formulario 8839, Qualified Adoption Expenses (Gastos de adopción calificados), en inglés. H&r block tax return Formulario 8853, Archer MSAs and Long-Term Care Insurance Contracts (Planes de ahorros para gastos médicos Archer y contratos de seguro para cuidados a largo plazo), en inglés. H&r block tax return Formulario 8889, Health Savings Accounts (HSAs) (Cuentas de ahorro para gastos médicos (HSA)), en inglés. H&r block tax return Formulario 8919, Uncollected Social Security and Medicare Tax on Wages (Impuestos sobre salarios sujetos al Seguro Social y al Medicare no recaudados), en inglés. H&r block tax return Cómo Presentar la Declaración Después de haber completado las líneas del formulario de impuestos que va a presentar, escriba su nombre y dirección. H&r block tax return En el espacio provisto, anote su número de Seguro Social. H&r block tax return Si es casado, escriba los números de Seguro Social de usted y su cónyuge aun si presenta una declaración por separado. H&r block tax return Firme y feche la declaración y escriba su(s) oficio(s). H&r block tax return Si presenta una declaración conjunta, usted y su cónyuge tienen que firmarla. H&r block tax return En el espacio provisto, anote un número telefónico con su código de área donde ubicarlo durante el día. H&r block tax return Esto agilizará la tramitación de su declaración si el IRS tiene una pregunta que puede ser resuelta por teléfono. H&r block tax return Si presenta una declaración conjunta de impuestos, anote el número de teléfono donde usted o su cónyuge pueden ser localizados durante el día. H&r block tax return Si desea autorizar al IRS para que hable sobre su declaración de impuestos del año 2013 con su amigo, con un miembro de su familia o con cualquier persona que usted elija, marque el recuadro “ Yes ” (Sí) en el área titulada “ Third Party Designee ” (Designación de un tercero) de su declaración de impuestos. H&r block tax return También, escriba el nombre del designado, número de teléfono y cualesquier 5 dígitos que el designado elija como su número de identificación personal (PIN, por sus siglas en inglés). H&r block tax return Si marca el recuadro “ Yes ” (Sí), usted y su cónyuge, si presentan una declaración conjunta, autoriza(n) a los empleados del IRS a llamar al designado para que éste conteste toda pregunta que surja durante el trámite de su declaración de impuestos. H&r block tax return Complete y adjunte a su declaración en papel cualesquier anexo y formulario solicitado en las líneas que usted completó. H&r block tax return Adjunte una copia de cada uno de los Formularios W-2 a la declaración en papel. H&r block tax return Además, adjunte a su declaración en papel todo Formulario 1099-R recibido que indique retención de impuestos en el recuadro 4. H&r block tax return Envíe la declaración al Internal Revenue Service Center (Centro de Servicio del IRS) que corresponda al área donde vive. H&r block tax return Una lista de direcciones de Centros de Servicio se halla al final de la publicación y en las instrucciones de su declaración de impuestos. H&r block tax return Datos a Incluir en el Formulario 1040EZ Lea las líneas 1 a 8b y llene las líneas que le correspondan. H&r block tax return No llene las líneas 9 a 12. H&r block tax return Si presenta una declaración conjunta, utilice el espacio a la izquierda de la línea 6 para indicar por separado los ingresos tributables suyos y los de su cónyuge. H&r block tax return Pagos. H&r block tax return   Anote en la línea 7 todo impuesto federal sobre los ingresos que se le haya retenido. H&r block tax return El impuesto federal sobre los ingresos retenido aparece en el recuadro 2 del Formulario W-2 o en el recuadro 4 del Formulario 1099. H&r block tax return Crédito por ingreso del trabajo. H&r block tax return   Si puede reclamar este crédito, según se explica en el capítulo 36 , el IRS se lo puede calcular. H&r block tax return Escriba “EIC” en el espacio a la izquierda de la línea 8a. H&r block tax return Anote en la línea 8b la paga no tributable por combate que desee incluir en los ingresos derivados del trabajo. H&r block tax return   Si su crédito de cualquier año posterior a 1996 fue reducido o denegado por el IRS, quizás tenga que presentar junto con la declaración el Formulario 8862(SP), Información Para Reclamar el Crédito Por Ingreso del Trabajo Después de Haber Sido Denegado (o el Formulario 8862, Information To Claim Earned Income Credit After Disallowance, en inglés). H&r block tax return Para detalles adicionales, vea las Instrucciones para el Formulario 1040EZ, en inglés. H&r block tax return Datos a Incluir en el Formulario 1040A Lea las líneas 1 a 27 y llene las líneas que le correspondan. H&r block tax return Si presenta una declaración conjunta, utilice el espacio a la izquierda de la línea 27 para indicar por separado los ingresos tributables suyos y los de su cónyuge. H&r block tax return No llene la línea 28. H&r block tax return Llene las líneas 29 a 33 y 36 a 40 si le corresponden. H&r block tax return Sin embargo, no llene las líneas 30 ni 38a si desea que el IRS le calcule los créditos indicados en dichas líneas. H&r block tax return Además, escriba toda información adicional que le corresponda en el espacio a la izquierda de la línea 41. H&r block tax return No llene las líneas 34, 35 ni 42 a la 46. H&r block tax return Pagos. H&r block tax return   Anote todo impuesto federal retenido sobre los ingresos que se indique en el recuadro 2 del Formulario W-2 o en el recuadro 4 del Formulario 1099, en la línea 36. H&r block tax return Anote en la línea 37 todo pago de impuesto estimado que haya efectuado. H&r block tax return Crédito por gastos del cuidado de menores y dependientes. H&r block tax return   Si puede reclamar este crédito, según se explica en el capítulo 32 , complete el Formulario 2441, Child and Dependent Care Expenses (Gastos del cuidado de menores y dependientes), en inglés, y adjúntelo a su declaración. H&r block tax return Anote la cantidad del crédito en la línea 29. H&r block tax return El IRS no le calculará este crédito. H&r block tax return Crédito para ancianos o personas incapacitadas. H&r block tax return   Si puede reclamar este crédito, según se explica en el capítulo 33 , el IRS le calculará este crédito. H&r block tax return Escriba “ CFE ” en el espacio a la izquierda de la línea 30 y adjunte el Anexo R del Formulario 1040, Credit for the Elderly or the Disabled (Crédito para ancianos o personas incapacitadas), en inglés, a su declaración de impuestos en papel. H&r block tax return En el Anexo R, marque el recuadro de la Parte I correspondiente a su estado civil para efectos de la declaración y edad. H&r block tax return Complete la Parte II y las líneas 11 y 13 de la Parte III, si le corresponden. H&r block tax return Crédito por ingreso del trabajo. H&r block tax return   Si puede reclamar este crédito, según se explica en el capítulo 36 , el IRS se lo calculará. H&r block tax return Anote “EIC” a la izquierda del espacio de la línea 38a. H&r block tax return Anote en la línea 38b la paga no tributable por combate que desee incluir en los ingresos derivados del trabajo. H&r block tax return   Si tiene un hijo que le da derecho a este crédito, tiene que llenar el Anexo EIC (Formulario 1040 ó 1040A), Earned Income Credit (Crédito por ingreso del trabajo), en inglés, y adjuntarlo a su declaración en papel. H&r block tax return Si no provee el número de Seguro Social de su hijo en la línea 2 del Anexo EIC, el crédito será reducido o denegado a menos que el hijo haya nacido y fallecido en el año 2013. H&r block tax return   Si su crédito de cualquier año posterior a 1996 fue reducido o denegado por el IRS, tal vez tenga que presentar junto con la declaración el Formulario 8862(SP) (o el Formulario 8862, en inglés). H&r block tax return Para detalles adicionales, vea las Instrucciones para el Formulario 1040A. H&r block tax return Datos a Incluir en el Formulario 1040 Lea las líneas 1 a 43 y llene las líneas que le correspondan. H&r block tax return No llene la línea 44. H&r block tax return Si presenta una declaración conjunta, utilice el espacio bajo las palabras “ Adjusted Gross Income ” (Ingresos brutos ajustados), en la primera página de la declaración para indicar por separado los ingresos tributables suyos y los de su cónyuge. H&r block tax return Lea las líneas 45 a la 71. H&r block tax return Llene las líneas que le correspondan, pero no llene las líneas 54, 61 ni 72. H&r block tax return Además, no complete la línea 55 ni las líneas 73 a 77. H&r block tax return No llene el recuadro “ c ” de la línea 53 si completa el Anexo R del Formulario 1040A o 1040, ni la línea 64a si desea que el IRS le calcule los créditos indicados en dichas líneas. H&r block tax return Pagos. H&r block tax return   Anote todo impuesto federal retenido sobre los ingresos que se indique en el recuadro 2 del Formulario W-2 o en el recuadro 4 del Formulario 1099, en la línea 62. H&r block tax return Anote en la línea 63 todo pago de impuesto estimado que haya efectuado. H&r block tax return Crédito por gastos del cuidado de menores y dependientes. H&r block tax return   Si puede reclamar este crédito, según se explica en el capítulo 32 , complete el Formulario 2441, en inglés, y adjúntelo a su declaración en papel. H&r block tax return Anote la cantidad del crédito en la línea 48. H&r block tax return El IRS no le calculará este crédito. H&r block tax return Crédito para ancianos o personas incapacitadas. H&r block tax return   Si puede reclamar este crédito, según se explica en el capítulo 33 , el IRS puede calcularle este crédito. H&r block tax return Escriba “CFE” al lado de la línea 53 y marque el recuadro “ c ” y adjunte el Anexo R del Formulario 1040A o 1040 a su declaración en papel. H&r block tax return En el Anexo R del Formulario 1040A o 1040, marque el recuadro de la Parte I correspondiente a su estado civil para efectos de la declaración y edad. H&r block tax return Complete la Parte II y las líneas 11 y 13 de la Parte III, si le corresponden. H&r block tax return Crédito por ingreso del trabajo. H&r block tax return   Si puede reclamar este crédito, según se explica en el capítulo 36 , el IRS se lo calculará. H&r block tax return Anote “EIC” en la línea de puntos al lado de la línea 64a del Formulario 1040. H&r block tax return Anote en la línea 64b la paga no tributable por combate que desee incluir en los ingresos derivados del trabajo. H&r block tax return   Si tiene un hijo que le dé derecho a este crédito, tiene que llenar el Anexo EIC, Earned Income Credit (Crédito por ingreso del trabajo), en inglés, y adjuntarlo a su declaración en papel. H&r block tax return Si no provee el número de Seguro Social de su hijo en la línea 2 del Anexo EIC (Formulario 1040 ó 1040A), el crédito será reducido o denegado a menos que su hijo haya nacido y fallecido en el año 2013. H&r block tax return   Si su crédito de cualquier año posterior a 1996 fue reducido o denegado por el IRS, tal vez tenga que presentar junto con la declaración el Formulario 8862(SP), (o el Formulario 8862, en inglés). H&r block tax return Para detalles adicionales, vea las Instrucciones para el Formulario 1040, en inglés. H&r block tax return Prev  Up  Next   Home   More Online Publications

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IRS Wants You to Know About Schemes, Scams and Cons
"If it sounds too good to be true, it probably is!" Don't become a victim to any scheme that offers instant wealth or exemption from your obligation as a United States citizen to file tax returns and/or pay taxes. Some of these schemes can literally cost you your life savings. Others can result in your prosecution and imprisonment if you knowingly participate in them.

Abusive Return Preparer
Taxpayers should be very careful when choosing a tax preparer. While most preparers provide excellent service to their clients, a few unscrupulous return preparers file false and fraudulent tax returns and ultimately defraud their clients. It is important to know that even if someone else prepares your return, you are ultimately responsible for all the information on the tax return.

 

Abusive Tax Schemes
Abusive tax scheme originally took the structure of fraudulent domestic and foreign trust arrangements. However, these schemes have evolved into sophisticated arrangements to give the appearance that taxpayers are not in control of their money. However, the taxpayers receive their funds through debit/credit cards or fictitious loans. These schemes often involve offshore banking and sometimes establish scam corporations or entities.

 

Nonfiler Enforcement
There have always been individuals who, for a variety of reasons, argue taxes are voluntary or illegal.  The courts have repeatedly rejected their arguments as frivolous and routinely impose financial penalties for raising such frivolous arguments.  Take the time to learn the truth about frivolous tax arguments.

 

All Program and Emphasis Areas for Criminal Investigation
Criminal Investigation has categorized their investigative cases into specific program and emphasis areas of fraud. Examples of case summaries written from public record documents where cases were prosecuted can be viewed on the various program and emphasis area web pages.



Tax Scams - How to Report Them
To help the public recognize and avoid abusive tax schemes, the IRS offers an abundance of educational materials. Participating in an illegal scheme to avoid paying taxes can result in imprisonment and fines, as well as the repayment of taxes owed with penalties and interest. Education is the best way to avoid the pitfalls of these “too good to be true” tax scams.
 



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The H&r Block Tax Return

H&r block tax return Publication 4492 - Main Contents Table of Contents DefinitionsHurricane Katrina Disaster Area Katrina Covered Disaster Area Gulf Opportunity (GO) Zone (Core Disaster Area) Hurricane Rita Disaster Area (Rita Covered Disaster Area) Rita GO Zone Hurricane Wilma Disaster Area Wilma Covered Disaster Area Wilma GO Zone Extended Tax Deadlines Charitable Giving IncentivesTemporary Suspension of Limits on Charitable Contributions Standard Mileage Rate for Charitable Use of Vehicles Mileage Reimbursements to Charitable Volunteers Charitable Deduction for Contributions of Food Inventory Charitable Deduction for Contributions of Book Inventories to Public Schools Casualty and Theft LossesTime limit for making election. H&r block tax return Replacement Period for Nonrecognition of Gain Net Operating Losses IRAs and Other Retirement PlansDefinitions Taxation of Qualified Hurricane Distributions Repayment of Qualified Hurricane Distributions Repayment of Qualified Distributions for the Purchase or Construction of a Main Home Loans From Qualified Plans Additional Tax Relief for IndividualsEarned Income Credit and Child Tax Credit Additional Exemption for Housing Individuals Displaced by Hurricane Katrina Education Credits Recapture of Federal Mortgage Subsidy Exclusion of Certain Cancellations of Indebtedness by Reason of Hurricane Katrina Tax Relief for Temporary Relocation Additional Tax Relief for BusinessesSpecial Depreciation Allowance Increased Section 179 Deduction Work Opportunity Credit Employee Retention Credit Hurricane Katrina Housing Credit Reforestation Costs Demolition and Clean-up Costs Increase in Rehabilitation Tax Credit Request for Copy or Transcript of Tax Return How To Get Tax Help Definitions The following definitions are used throughout this publication. H&r block tax return Hurricane Katrina Disaster Area The Hurricane Katrina disaster area covers the area for which the President declared a major disaster before September 14, 2005, because of Hurricane Katrina. H&r block tax return The Hurricane Katrina disaster area covers the entire states of Alabama, Florida, Louisiana, and Mississippi. H&r block tax return Katrina Covered Disaster Area A portion of the Hurricane Katrina disaster area has been designated by the IRS as a covered disaster area. H&r block tax return The Katrina covered disaster area covers the following areas in four states. H&r block tax return Alabama. H&r block tax return   The counties of Baldwin, Bibb, Choctaw, Clarke, Colbert, Cullman, Greene, Hale, Jefferson, Lamar, Lauderdale, Marengo, Marion, Mobile, Monroe, Perry, Pickens, Sumter, Tuscaloosa, Washington, Wilcox, and Winston. H&r block tax return Florida. H&r block tax return   The counties of Bay, Broward, Collier, Escambia, Franklin, Gulf, Miami-Dade, Monroe, Okaloosa, Santa Rosa, and Walton. H&r block tax return Louisiana. H&r block tax return   All parishes. H&r block tax return Mississippi. H&r block tax return   All counties. H&r block tax return Gulf Opportunity (GO) Zone (Core Disaster Area) The GO Zone (also called the core disaster area) covers the portion of the Hurricane Katrina disaster area determined by the Federal Emergency Management Agency (FEMA) to be eligible for either individual only or both individual and public assistance from the Federal Government. H&r block tax return The GO Zone covers the following areas in three states. H&r block tax return Alabama. H&r block tax return   The counties of Baldwin, Choctaw, Clarke, Greene, Hale, Marengo, Mobile, Pickens, Sumter, Tuscaloosa, and Washington. H&r block tax return Louisiana. H&r block tax return   The parishes of Acadia, Ascension, Assumption, Calcasieu, Cameron, East Baton Rouge, East Feliciana, Iberia, Iberville, Jefferson, Jefferson Davis, Lafayette, Lafourche, Livingston, Orleans, Plaquemines, Pointe Coupee, St. H&r block tax return Bernard, St. H&r block tax return Charles, St. H&r block tax return Helena, St. H&r block tax return James, St. H&r block tax return John the Baptist, St. H&r block tax return Martin, St. H&r block tax return Mary, St. H&r block tax return Tammany, Tangipahoa, Terrebonne, Vermilion, Washington, West Baton Rouge, and West Feliciana. H&r block tax return Mississippi. H&r block tax return   The counties of Adams, Amite, Attala, Choctaw, Claiborne, Clarke, Copiah, Covington, Forrest, Franklin, George, Greene, Hancock, Harrison, Hinds, Holmes, Humphreys, Jackson, Jasper, Jefferson, Jefferson Davis, Jones, Kemper, Lamar, Lauderdale, Lawrence, Leake, Lincoln, Lowndes, Madison, Marion, Neshoba, Newton, Noxubee, Oktibbeha, Pearl River, Perry, Pike, Rankin, Scott, Simpson, Smith, Stone, Walthall, Warren, Wayne, Wilkinson, Winston, and Yazoo. H&r block tax return Hurricane Rita Disaster Area (Rita Covered Disaster Area) The Hurricane Rita disaster area (also designated by the IRS as the Rita covered disaster area) covers the area for which the President declared a major disaster before October 6, 2005, because of Hurricane Rita. H&r block tax return This area covers the entire states of Louisiana and Texas. H&r block tax return Rita GO Zone The Rita GO Zone covers the portion of the Hurricane Rita disaster area determined by FEMA to be eligible for either individual only or both individual and public assistance from the Federal Government. H&r block tax return The Rita GO Zone covers the following areas in two states. H&r block tax return Louisiana. H&r block tax return   The parishes of Acadia, Allen, Ascension, Beauregard, Calcasieu, Cameron, Evangeline, Iberia, Jefferson, Jefferson Davis, Lafayette, Lafourche, Livingston, Plaquemines, Sabine, St. H&r block tax return Landry, St. H&r block tax return Martin, St. H&r block tax return Mary, St. H&r block tax return Tammany, Terrebonne, Vermilion, Vernon, and West Baton Rouge. H&r block tax return Texas. H&r block tax return   The counties of Angelina, Brazoria, Chambers, Fort Bend, Galveston, Hardin, Harris, Jasper, Jefferson, Liberty, Montgomery, Nacogdoches, Newton, Orange, Polk, Sabine, San Augustine, San Jacinto, Shelby, Trinity, Tyler, and Walker. H&r block tax return Hurricane Wilma Disaster Area The Hurricane Wilma disaster area covers the area for which the President declared a major disaster before November 14, 2005, because of Hurricane Wilma. H&r block tax return The Hurricane Wilma disaster area covers the entire state of Florida. H&r block tax return Wilma Covered Disaster Area A portion of the Hurricane Wilma disaster area has been designated by the IRS as a covered disaster area. H&r block tax return The Wilma covered disaster area covers the following counties. H&r block tax return Florida. H&r block tax return   Brevard, Broward, Charlotte, Collier, DeSoto, Glades, Hardee, Hendry, Highlands, Indian River, Lee, Martin, Miami-Dade, Monroe, Okeechobee, Osceola, Palm Beach, Polk, St. H&r block tax return Lucie, and Sarasota. H&r block tax return Wilma GO Zone The Wilma GO Zone covers the portion of the Hurricane Wilma disaster area determined by FEMA to be eligible for either individual only or both individual and public assistance from the Federal Government. H&r block tax return The Wilma GO Zone covers the following counties. H&r block tax return Florida. H&r block tax return   Brevard, Broward, Collier, Glades, Hendry, Indian River, Lee, Martin, Miami-Dade, Monroe, Okeechobee, Palm Beach, and St. H&r block tax return Lucie. H&r block tax return Extended Tax Deadlines The IRS has extended deadlines that apply to filing returns, paying taxes, and performing certain other time-sensitive acts for certain taxpayers affected by Hurricane Katrina, Rita, or Wilma, until February 28, 2006. H&r block tax return The extension applies to deadlines (either an original or extended due date) that occur during the following periods. H&r block tax return After August 28, 2005 (August 23, 2005, for Florida affected taxpayers), and before February 28, 2006, for taxpayers affected by Hurricane Katrina. H&r block tax return After September 22, 2005, and before February 28, 2006, for taxpayers affected by Hurricane Rita. H&r block tax return After October 22, 2005, and before February 28, 2006, for taxpayers affected by Hurricane Wilma. H&r block tax return Affected taxpayer. H&r block tax return   The following taxpayers are eligible for the extension. H&r block tax return Any individual whose main home is located in a covered disaster area. H&r block tax return Any business entity or sole proprietor whose principal place of business is located in a covered disaster area. H&r block tax return Any individual, business entity, or sole proprietor whose records needed to meet a postponed deadline are maintained or whose tax professional's office is in a covered disaster area. H&r block tax return The main home or principal place of business does not have to be located in the covered area. H&r block tax return Any individual visiting a county or parish in the Hurricane Katrina or Hurricane Rita covered disaster area that was injured or killed (and the estate of an individual killed) as a result of the hurricane or its aftermath. H&r block tax return Any estate or trust whose tax records needed to meet a filing or payment deadline are maintained in a covered disaster area. H&r block tax return Generally, any individual who is a worker assisting in the relief activities in a covered disaster area. H&r block tax return However, a relief worker assisting in the Wilma covered disaster area is not an affected taxpayer unless the worker is affiliated with a recognized government or philanthropic organization assisting in the relief activities. H&r block tax return The spouse of an affected taxpayer, solely with regard to a joint income tax return with that taxpayer. H&r block tax return   To ensure correct processing, affected taxpayers should write the assigned disaster designation (for example, “Hurricane Katrina”) in red ink at the top of any forms or documents filed with the IRS. H&r block tax return Affected taxpayers can also identify themselves to the IRS or ask hurricane-related questions by calling the special IRS disaster hotline at 1-866-562-5227. H&r block tax return Acts extended. H&r block tax return   Deadlines for performing the following acts are extended. H&r block tax return Filing any return of income, estate, gift, generation-skipping transfer, excise, or employment tax. H&r block tax return Paying any income, estate, gift, generation-skipping transfer, excise, or employment tax. H&r block tax return This includes making estimated tax payments. H&r block tax return Making certain contributions, distributions, recharacterizing contributions, or making a rollover to or from a qualified retirement plan. H&r block tax return Filing certain petitions with the Tax Court. H&r block tax return Filing a claim for credit or refund of any tax. H&r block tax return Bringing suit upon a claim for credit or refund. H&r block tax return Certain other acts described in Revenue Procedure 2005-27. H&r block tax return You can find Revenue Procedure 2005-27 on page 1050 of Internal Revenue Bulletin 2005-20 at www. H&r block tax return irs. H&r block tax return gov/pub/irs-irbs/irb05-20. H&r block tax return pdf. H&r block tax return Forgiveness of interest and penalties. H&r block tax return   The IRS may forgive the interest and penalties on any underpaid income, estate, gift, employment, or excise tax for the length of any extension. H&r block tax return Charitable Giving Incentives Temporary Suspension of Limits on Charitable Contributions Individuals. H&r block tax return   Qualified contributions are not subject to the overall limit on itemized deductions or the 50% adjusted gross income (AGI) limit. H&r block tax return A qualified contribution is a charitable contribution paid in cash or by check after August 27, 2005, and before January 1, 2006, to a 50% limit organization (other than certain private foundations described in section 509(a)(3)) if you make an election to have the 50% limit not apply to these contributions. H&r block tax return   Your deduction for qualified contributions is limited to your AGI minus your deduction for all other charitable contributions. H&r block tax return You can carry over any contributions you are not able to deduct for 2005 because of this limit. H&r block tax return In 2006, treat the carryover of your unused qualified contributions as a carryover of contributions subject to the 50% limit. H&r block tax return Exception. H&r block tax return   Qualified contributions do not include a contribution to a segregated fund or account for which you (or any person you appoint or designate) have or expect to have advisory privileges with respect to distributions or investments based on your contribution. H&r block tax return Corporations. H&r block tax return   A corporation may elect to deduct qualified cash contributions without regard to the 10% taxable income limit if the contributions were made after August 27, 2005, and before January 1, 2006, to a qualified charitable organization (other than certain private foundations described in section 509(a)(3)), for Hurricane Katrina, Rita, or Wilma relief efforts. H&r block tax return The corporation's deduction for these qualified contributions is limited to 100% of taxable income (as modified for the 10% limit) minus the corporation's deduction for all other charitable contributions. H&r block tax return Any qualified contributions over this limit can be carried over to the next 5 years, subject to the 10% limit. H&r block tax return Partners and shareholders. H&r block tax return   Each partner in a partnership and each shareholder in an S corporation makes a separate election to have the appropriate limit not apply. H&r block tax return More information. H&r block tax return   For more information, see Publication 526 or Publication 542, Corporations. H&r block tax return Publication 526 includes a worksheet you can use to figure your deduction if any limits apply to your charitable contributions. H&r block tax return Standard Mileage Rate for Charitable Use of Vehicles The following are special standard mileage rates in effect in 2005 and 2006 for the cost of operating your automobile for providing charitable services solely related to Hurricane Katrina. H&r block tax return 29 cents per mile for the period August 25 through August 31, 2005. H&r block tax return 34 cents per mile for the period September 1 through December 31, 2005. H&r block tax return 32 cents per mile for the period January 1 through December 31, 2006. H&r block tax return Mileage Reimbursements to Charitable Volunteers You can exclude from income amounts you receive as mileage reimbursements for the use of a private passenger automobile for the benefit of a qualified charitable organization in providing relief related to Hurricane Katrina during the period beginning on August 25, 2005, and ending on December 31, 2006. H&r block tax return You cannot claim a deduction or credit for amounts you receive as a mileage reimbursement. H&r block tax return You must keep records of miles driven, time, place (or use), and purpose of the mileage. H&r block tax return The amount you can exclude from income cannot exceed the standard business mileage rate (shown below) for expenses incurred during the following periods. H&r block tax return 40. H&r block tax return 5 cents per mile for the period August 25 through August 31, 2005. H&r block tax return 48. H&r block tax return 5 cents per mile for the period September 1 through December 31, 2005. H&r block tax return 44. H&r block tax return 5 cents per mile for the period January 1 through December 31, 2006. H&r block tax return Charitable Deduction for Contributions of Food Inventory Any taxpayer engaged in a trade or business is eligible to claim a deduction for a contribution of “apparently wholesome food” inventory to a qualified charitable organization described in section 501(c)(3) (except for private nonoperating foundations) after August 27, 2005, and before January 1, 2006. H&r block tax return “Apparently wholesome food” is food that meets all quality and labeling standards imposed by federal, state, and local laws and regulations even though the food may not be readily marketable due to appearance, age, freshness, grade, size, surplus, or other conditions. H&r block tax return The deduction is equal to the lesser of: The basis of the donated food plus one-half of the gain that would have been realized if the donated food had been sold at fair market value on the date of the donation, or Two times the basis of the donated food. H&r block tax return The taxpayer must receive written certification from the donee stating: The donated food is related to the purpose or function of the donee's basis for exemption under section 501(c)(3) and is to be used solely for the care of the ill, the needy, or infants; and The food was not given in exchange for money, other property, or services. H&r block tax return For a taxpayer other than a C corporation, the deduction is limited to 10% of the taxpayer's total net income from all trades or businesses from which the food contributions were made (figured without regard to the deduction for charitable contributions). H&r block tax return For example, if a taxpayer is a sole proprietor, a shareholder in an S corporation, and a partner in a partnership, and each made a contribution of apparently wholesome food inventory, the taxpayer's deduction is limited to 10% of the taxpayer's total net income from the sole proprietorship, S corporation, and partnership (figured without regard to the deduction for charitable contributions). H&r block tax return Charitable Deduction for Contributions of Book Inventories to Public Schools A corporation (other than an S corporation) may be allowed a charitable deduction for a qualified book contribution made after August 27, 2005, and before January 1, 2006, to a public school that: Provides elementary or secondary education (kindergarten through grade 12), and Normally maintains a regular faculty and curriculum and has a regular enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on. H&r block tax return . H&r block tax return The deduction is equal to the lesser of: The basis of the donated books plus one-half of the gain that would have been realized if the donated books had been sold at fair market value on the date of the donation, or Two times the basis of the donated books. H&r block tax return The corporation must receive written certification from the school stating that the donated books are suitable for the organization's educational programs and will be used for such programs. H&r block tax return Casualty and Theft Losses The following paragraphs explain changes to casualty and theft losses that were caused by Hurricane Katrina, Rita, or Wilma. H&r block tax return For more information, see Publication 547. H&r block tax return Limits on personal casualty or theft losses caused by Hurricane Katrina, Rita, or Wilma. H&r block tax return   The following losses to personal use property are not subject to the $100 or 10% of adjusted gross income limits. H&r block tax return Losses that arose in the Hurricane Katrina disaster area after August 24, 2005, and that were caused by Hurricane Katrina. H&r block tax return Losses that arose in the Hurricane Rita disaster area after September 22, 2005, and that were caused by Hurricane Rita. H&r block tax return Losses that arose in the Hurricane Wilma disaster area after October 22, 2005, and that were caused by Hurricane Wilma. H&r block tax return Qualifying losses include losses from flooding or other casualty, and from theft, that arose in the hurricane disaster area and that were caused by the hurricane. H&r block tax return Special instructions for individuals who elect to claim a Hurricane Katrina, Rita, or Wilma casualty or theft loss for 2004. H&r block tax return   Casualty and theft losses are generally deductible only in the year the casualty occurred or theft was discovered. H&r block tax return However, Hurricane Katrina, Rita, and Wilma are Presidentially declared disasters. H&r block tax return Therefore, you can elect to deduct losses from these hurricanes on your tax return for the previous year. H&r block tax return If you make this election, use the following additional instructions to complete your forms. H&r block tax return   Individuals filing or amending their 2004 tax return whose only casualty or theft losses to personal use property claimed on that return were caused by Hurricane Katrina, Rita, or Wilma should write “Hurricane Katrina,” “Hurricane Rita,” or “Hurricane Wilma” at the top of Form 1040 or 1040X. H&r block tax return They must also complete and attach the 2004 Form 4684 and write “Hurricane Katrina,”“Hurricane Rita,” or “Hurricane Wilma” on the dotted line next to line 11 and enter -0- on lines 11 and 17. H&r block tax return   Individuals filing or amending their 2004 tax return who also have casualty or theft losses to personal use property not related to Hurricane Katrina, Rita, or Wilma should disregard the caution directing taxpayers to use only one Form 4684, located above line 13, and complete lines 13 through 18 on two Forms 4684. H&r block tax return The Form 1040 or 1040X and the first Form 4684 should be prepared as explained above for Hurricane Katrina, Rita, or Wilma losses only. H&r block tax return The second Form 4684 should be prepared in the normal manner for all gains and non-Hurricane Katrina, Rita or Wilma losses. H&r block tax return If both Forms 4684 have a loss on line 18, they should carry the combined losses from that line to Schedule A (Form 1040), line 19. H&r block tax return If there is a gain on line 15 of the second Form 4684, disregard the instruction to enter it on Schedule D (Form 1040), and instead enter on Schedule A (Form 1040), line 19, the excess of the loss from the first Form 4684 over the gain on line 15 of the second Form 4684. H&r block tax return , Time limit for making election. H&r block tax return   You must make this election to claim your casualty or theft loss in 2004 by the later of the following dates. H&r block tax return The due date (without extensions) for filing your 2005 income tax return. H&r block tax return The due date (with extensions) for filing your 2004 income tax return. H&r block tax return Example. H&r block tax return If you are a calendar year individual taxpayer, you have until April 17, 2006, to amend your 2004 tax return to claim a casualty or theft loss that occurred during 2005. H&r block tax return Replacement Period for Nonrecognition of Gain Generally, an involuntary conversion occurs when property is damaged, destroyed, stolen, seized, requisitioned, or condemned, and you receive other property or money in payment, such as insurance or a condemnation award. H&r block tax return Generally, you do not have to report a gain (if any) if you replace the property within 2 years (4 years for a main home in a Presidentially declared disaster area). H&r block tax return However, for property that was involuntarily converted after August 24, 2005, as a result of Hurricane Katrina, a 5-year replacement period applies if substantially all of the use of the replacement property is in the Hurricane Katrina disaster area. H&r block tax return For more information, see the Instructions for Form 4684. H&r block tax return Net Operating Losses Qualified GO Zone loss. H&r block tax return   Generally, you can carry a net operating loss (NOL) back to the 2 tax years before the NOL year. H&r block tax return However, the portion of an NOL that is a qualified GO Zone loss can be carried back to the 5 tax years before the NOL year. H&r block tax return In addition, the 90% limit on the alternative tax NOL deduction (ATNOLD) does not apply to such portion of the ATNOLD. H&r block tax return   A qualified GO Zone loss is the smaller of: The excess of the NOL for the year over the specified liability loss for the year to which a 10-year carryback applies, or The total of the following deductions (to the extent they are taken into account in computing the NOL for the tax year): Qualified GO Zone casualty loss (as defined below), Moving expenses paid or incurred after August 27, 2005, and before January 1, 2008, for the employment of an individual whose main home was in the GO Zone before August 28, 2005, who was unable to remain in that home because of Hurricane Katrina, and whose main job location (after the move) is in the GO Zone, Temporary housing expenses paid or incurred after August 27, 2005, and before January 1, 2008, to house employees of the taxpayer whose main job location is in the GO Zone, Depreciation or amortization allowable for any qualified GO Zone property (even if you elected not to claim the special GO Zone depreciation allowance for such property) for the year placed in service, and Repair expenses (including expenses for the removal of debris) paid or incurred after August 27, 2005, and before January 1, 2008, for any damage from Hurricane Katrina to property located in the GO Zone. H&r block tax return Qualified GO Zone casualty loss. H&r block tax return   A qualified GO Zone casualty loss is any deductible section 1231 loss of property located in the GO Zone if the loss was caused by Hurricane Katrina. H&r block tax return For this purpose, the amount of the loss is reduced by any recognized gain from an involuntary conversion caused by Hurricane Katrina of property located in the GO Zone. H&r block tax return Any such loss taken into account in figuring your qualified GO Zone loss is not eligible for the election to be treated as having occurred in the previous tax year. H&r block tax return 5-year NOL carryback of certain timber losses. H&r block tax return   Generally, you can carry the portion of an NOL due to income and deductions attributable to a farming business back to the 5 tax years before the NOL year. H&r block tax return You can treat income and deductions attributable to qualified timber property as attributable to a farming business if any portion of the property is located in the GO Zone, Rita GO Zone, or Wilma GO Zone, and the income and deductions are allocable to the part of your tax year which is after the applicable date below. H&r block tax return August 27, 2005, if any portion of the property is located in the GO Zone. H&r block tax return September 22, 2005, if any portion of the property is located in the Rita GO Zone (but not in the GO Zone). H&r block tax return October 22, 2005, if any portion of the property is located in the Wilma GO Zone (but not in the GO Zone or the RITA GO Zone). H&r block tax return   These rules will not apply after 2006. H&r block tax return   However, these rules apply only to a timber producer who: Held qualified timber property (defined in Publication 535, Business Expenses) on the applicable date below: August 28, 2005, if any portion of the property is located in the GO Zone, September 23, 2005, if any portion of the property is located in the Rita GO Zone (but not in the GO Zone), or October 23, 2005, if any portion of the property is located in the Wilma GO Zone (but not in the GO Zone or the Rita GO Zone); Is not a corporation with stock publicly traded on an established securities market; Is not a real estate investment trust; and Did not hold more than 500 acres of qualified timber property on the applicable date above. H&r block tax return More information. H&r block tax return   For more information on NOLs, see Publication 536 or Publication 542, Corporations. H&r block tax return IRAs and Other Retirement Plans New rules provide for tax-favored withdrawals, repayments, and loans from certain retirement plans for taxpayers who suffered economic losses as a result of Hurricane Katrina, Rita, or Wilma. H&r block tax return Definitions Qualified hurricane distribution. H&r block tax return   A qualified hurricane distribution is any distribution you received from an eligible retirement plan if all of the following apply. H&r block tax return The distribution was made: After August 24, 2005, and before January 1, 2007, for Hurricane Katrina; After September 22, 2005, and before January 1, 2007, for Hurricane Rita; or After October 22, 2005, and before January 1, 2007, for Hurricane Wilma. H&r block tax return Your main home was located in a hurricane disaster area listed below on the date shown for that area. H&r block tax return August 28, 2005, for the Hurricane Katrina disaster area. H&r block tax return September 23, 2005, for the Hurricane Rita disaster area. H&r block tax return October 23, 2005, for the Hurricane Wilma disaster area. H&r block tax return You sustained an economic loss because of Hurricane Katrina, Rita, or Wilma and your main home was in that hurricane disaster area on the date shown in (2) above for that hurricane. H&r block tax return Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. H&r block tax return   If (1) through (3) above apply, you can generally designate any distribution (including periodic payments and required minimum distributions) from an eligible retirement plan as a qualified hurricane distribution, regardless of whether the distribution was made on account of Hurricane Katrina, Rita, or Wilma. H&r block tax return Qualified hurricane distributions are permitted without regard to your need or the actual amount of your economic loss. H&r block tax return   The total of your qualified hurricane distributions from all plans is limited to $100,000. H&r block tax return If you have distributions in excess of $100,000 from more than one type of plan, such as a 401(k) plan and an IRA, you may allocate the $100,000 limit among the plans any way you choose. H&r block tax return   A reduction or offset (after August 24, 2005, for Katrina; after September 22, 2005, for Rita; or after October 22, 2005, for Wilma) of your account balance in an eligible retirement plan in order to repay a loan can also be designated as a qualified hurricane distribution. H&r block tax return Eligible retirement plan. H&r block tax return   An eligible retirement plan can be any of the following. H&r block tax return A qualified pension, profit-sharing, or stock bonus plan (including a 401(k) plan). H&r block tax return A qualified annuity plan. H&r block tax return A tax-sheltered annuity contract. H&r block tax return A governmental section 457 deferred compensation plan. H&r block tax return A traditional, SEP, SIMPLE, or Roth IRA. H&r block tax return Main home. H&r block tax return   Generally, your main home is the home where you live most of the time. H&r block tax return A temporary absence due to special circumstances, such as illness, education, business, military service, evacuation, or vacation, will not change your main home. H&r block tax return Taxation of Qualified Hurricane Distributions Qualified hurricane distributions are included in income in equal amounts over three years. H&r block tax return However, if you elect, you can include the entire distribution in your income in the year it was received. H&r block tax return Qualified hurricane distributions are not subject to the additional 10% tax (or the additional 25% tax for certain distributions from SIMPLE IRAs) on early distributions from qualified retirement plans (including IRAs). H&r block tax return However, any distributions you receive in excess of the $100,000 qualified hurricane distribution limit may be subject to the additional tax on early distributions. H&r block tax return For more information, see Form 8915. H&r block tax return Repayment of Qualified Hurricane Distributions If you choose, you generally can repay any portion of a qualified hurricane distribution that is eligible for tax-free rollover treatment to an eligible retirement plan. H&r block tax return Also, you can repay a qualified hurricane distribution made on account of a hardship from a retirement plan. H&r block tax return However, see Exceptions below for qualified hurricane distributions you cannot repay. H&r block tax return You have three years from the day after the date you received the distribution to make a repayment. H&r block tax return Amounts that are repaid are treated as a qualified rollover and are not included in income. H&r block tax return Also, for purposes of the one-rollover-per-year limitation for IRAs, a repayment to an IRA is not considered a qualified rollover. H&r block tax return See Form 8915 for more information on how to report repayments. H&r block tax return Exceptions. H&r block tax return   You cannot repay the following types of distributions. H&r block tax return Qualified hurricane distributions received as a beneficiary (other than a surviving spouse). H&r block tax return Required minimum distributions. H&r block tax return Periodic payments (other than from an IRA) that are for: A period of 10 years or more, Your life or life expectancy, or The joint lives or joint life expectancies of you and your beneficiary. H&r block tax return Repayment of Qualified Distributions for the Purchase or Construction of a Main Home If you received a qualified distribution to purchase or construct a main home in the Hurricane Katrina, Rita, or Wilma disaster area, you can repay that distribution before March 1, 2006, to an eligible retirement plan after August 24, 2005 (Katrina); after September 22, 2005 (Rita); or after October 22, 2005 (Wilma). H&r block tax return For this purpose, an eligible retirement plan is any plan, annuity, or IRA to which a qualified rollover can be made. H&r block tax return To be a qualified distribution, the distribution must meet all of the following requirements. H&r block tax return The distribution is a hardship distribution from a 401(k) plan, a hardship distribution from a tax-sheltered annuity contract, or a qualified first-time homebuyer distribution from an IRA. H&r block tax return The distribution was received in 2005 after February 28 and before: August 29 for Hurricane Katrina; September 24 for Hurricane Rita; or October 24 for Hurricane Wilma. H&r block tax return The distribution was to be used to purchase or construct a main home in the Hurricane Katrina, Rita, or Wilma disaster area that was not purchased or constructed because of Hurricane Katrina, Rita, or Wilma. H&r block tax return Amounts that are repaid before March 1, 2006, are treated as a qualified rollover and are not included in income. H&r block tax return Also, for purposes of the one-rollover-per-year limitation for IRAs, a repayment to an IRA is not considered a qualified rollover. H&r block tax return A qualified distribution not repaid before March 1, 2006, may be taxable for 2005 and subject to the additional 10% tax (or the additional 25% tax for certain SIMPLE IRAs) on early distributions. H&r block tax return You must file Form 8915 if you received a qualified distribution that you repaid, in whole or in part, before March 1, 2006. H&r block tax return Loans From Qualified Plans The following benefits are available to qualified individuals. H&r block tax return Increases to the limits for distributions treated as loans from employer plans. H&r block tax return A 1-year suspension for payments due on plan loans. H&r block tax return Qualified individual. H&r block tax return   You are a qualified individual if any of the following apply. H&r block tax return Your main home on August 28, 2005, was located in the Hurricane Katrina disaster area and you had an economic loss because of Hurricane Katrina. H&r block tax return Your main home on September 23, 2005, was located in the Hurricane Rita disaster area and you had an economic loss because of Hurricane Rita. H&r block tax return Your main home on October 23, 2005, was located in the Hurricane Wilma disaster area and you had an economic loss because of Hurricane Wilma. H&r block tax return Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. H&r block tax return Limits on plan loans. H&r block tax return   The $50,000 limit for distributions treated as plan loans is increased to $100,000. H&r block tax return In addition, the limit based on 50% of your vested accrued benefit is increased to 100% of that benefit. H&r block tax return The higher limits apply only to loans received during the following period. H&r block tax return If your main home was located in the Hurricane Katrina disaster area, the period began on September 24, 2005, and ends on December 31, 2006. H&r block tax return If your main home was located in the Hurricane Rita or Wilma disaster area, the period began on December 21, 2005, and ends on December 31, 2006. H&r block tax return If you are a qualified individual based on Hurricane Katrina and another hurricane, use the period based on Hurricane Katrina. H&r block tax return One-year suspension of loan payments. H&r block tax return   Payments on plan loans due before 2007 may be suspended for 1 year by the plan administrator. H&r block tax return To qualify for the suspension, the due date for any loan payment must occur during the period beginning on: August 28, 2005, if your main home was located in the Hurricane Katrina disaster area. H&r block tax return September 23, 2005, if your main home was located in the Hurricane Rita disaster area. H&r block tax return October 23, 2005, if your main home was located in the Hurricane Wilma disaster area. H&r block tax return If you are a qualified individual based on more than one hurricane, use the period with the earliest beginning date. H&r block tax return Additional Tax Relief for Individuals Earned Income Credit and Child Tax Credit You can elect to use your 2004 earned income to figure your earned income credit (EIC) and additional child tax credit for 2005 if: Your 2005 earned income is less than your 2004 earned income, and At least one of the following statements is true. H&r block tax return Your main home on August 25, 2005, was in the Gulf Opportunity (GO) Zone. H&r block tax return Your main home on August 25, 2005, was in the Hurricane Katrina disaster area and you were displaced from that home because of Hurricane Katrina. H&r block tax return Your main home on September 23, 2005, was in the Rita GO Zone. H&r block tax return Your main home on September 23, 2005, was in the Hurricane Rita disaster area and you were displaced from that home because of Hurricane Rita. H&r block tax return Your main home on October 23, 2005, was in the Wilma GO Zone. H&r block tax return Your main home on October 23, 2005, was in the Hurricane Wilma disaster area and you were displaced from that home because of Hurricane Wilma. H&r block tax return Earned income. H&r block tax return    For the purpose of this election, your earned income for both the EIC and the additional child tax credit is the amount of earned income used to figure your EIC, even if you did not take the EIC and even if that amount is different than your earned income for the additional child tax credit. H&r block tax return If you are claiming only the additional child tax credit, you must figure the amount of your earned income for EIC purposes to determine your eligibility to make the election and the amount of the credit. H&r block tax return Joint returns. H&r block tax return   If you file a joint return, you qualify to make this election even if only one spouse meets the requirements. H&r block tax return If you make the election, your 2004 earned income is the sum of your 2004 earned income and your spouse's 2004 earned income. H&r block tax return Making the election. H&r block tax return   If you make the election to use your 2004 earned income, the election applies for figuring both the EIC and the additional child tax credit. H&r block tax return However, you can make the election for the additional child tax credit even if you do not take the EIC. H&r block tax return   Electing to use your 2004 earned income may increase or decrease your EIC. H&r block tax return Take the following steps to decide whether to make the election. H&r block tax return Figure your 2005 EIC using your 2004 earned income. H&r block tax return Figure your 2005 additional child tax credit using your 2004 earned income for EIC purposes. H&r block tax return Add the results of (1) and (2). H&r block tax return Figure your 2005 EIC using your 2005 earned income. H&r block tax return Figure your 2005 additional child tax credit using your 2005 earned income for additional child tax credit purposes. H&r block tax return Add the results of (4) and (5). H&r block tax return Compare the results of (3) and (6). H&r block tax return If (3) is larger than (6), it is to your benefit to make the election. H&r block tax return If (3) is equal to or smaller than (6), making the election will not help you. H&r block tax return   If you elect to use your 2004 earned income and you are claiming the EIC, enter “PYEI” and the amount of your 2004 earned income on the dotted line next to line 66a of Form 1040, on the line next to line 41a of Form 1040A, or in the space to the left of line 8a of Form 1040EZ. H&r block tax return   If you elect to use your 2004 earned income and you are claiming the additional child tax credit, enter your 2004 earned income for EIC purposes (even if you did not claim the EIC) on Form 8812, Additional Child Tax Credit, line 4a, and check the box on that line. H&r block tax return   Because Form 8812 was released before the GO Zone legislation was enacted, the instructions refer only to individuals whose main home was in the Hurricane Katrina disaster area. H&r block tax return When completing Form 8812, line 4a, use the above rules to determine your eligibility to make the election (instead of the Form 8812 instructions). H&r block tax return Getting your 2004 tax return information. H&r block tax return   If you do not have your 2004 tax records, you can get the amount of earned income used to figure your 2004 EIC by calling 1-866-562-5227. H&r block tax return You can also get this information by visiting the IRS website at www. H&r block tax return irs. H&r block tax return gov. H&r block tax return   If you prefer to figure your 2004 earned income yourself, copies or transcripts of your filed and processed tax returns can help you reconstruct your tax records. H&r block tax return See Request for Copy or Transcript of Tax Return on page 16. H&r block tax return Additional Exemption for Housing Individuals Displaced by Hurricane Katrina You may be able to claim an additional exemption amount of $500 for providing housing in your main home for each individual displaced by Hurricane Katrina. H&r block tax return The additional exemption amount is claimed on new Form 8914. H&r block tax return The additional exemption amount is allowable once per taxpayer for a specific individual in 2005 or 2006, but not in both years. H&r block tax return The maximum additional exemption amount you can claim for all displaced individuals is $2,000 ($1,000 if married filing separately). H&r block tax return The additional exemption amount you claim for displaced individuals in 2005 will reduce the $2,000 maximum for 2006. H&r block tax return If two or more taxpayers share the same main home, only one taxpayer in that main home can claim the additional exemption amount for a specific displaced individual. H&r block tax return If married filing separately, only one spouse may claim the additional exemption amount for a specific displaced individual. H&r block tax return In order for you to be considered to have provided housing, you must have a legal interest in the main home (that is, own or rent the home). H&r block tax return To qualify as a displaced individual, the individual: Must have had his or her main home in the Hurricane Katrina disaster area on August 28, 2005, and he or she must have been displaced from that home. H&r block tax return If the individual's main home was located outside the core disaster area, that home must have been damaged by Hurricane Katrina or the individual must have been evacuated from that home because of Hurricane Katrina, Must have been provided housing in your main home for a period of at least 60 consecutive days ending in the tax year in which the exemption is claimed, and Cannot be your spouse or dependent. H&r block tax return You cannot claim the additional exemption amount if you received rent (or any other amount) from any source for providing the housing. H&r block tax return You are permitted to receive payments or reimbursements that do not relate to normal housing costs, including the following. H&r block tax return Food, clothing, or personal items consumed or used by the displaced individual. H&r block tax return Reimbursement for the cost of any long distance telephone calls made by the displaced individual. H&r block tax return Reimbursement for the cost of gasoline for the displaced individual's use of your vehicle. H&r block tax return However, you cannot claim the additional exemption amount if you received any reimbursement for the extra costs of heat, electricity, or water used by the displaced individual. H&r block tax return Also, you must report on Form 8914 the displaced individual's social security number or individual taxpayer identification number to claim an additional exemption amount. H&r block tax return For more information, see Form 8914. H&r block tax return Education Credits The education credits have been expanded for students attending an eligible educational institution located in the Gulf Opportunity Zone (GOZ students) for any tax year beginning in 2005 or 2006. H&r block tax return The Hope credit for a GOZ student is increased to 100% of the first $2,000 in qualified education expenses and 50% of the next $2,000 of qualified education expenses for a maximum credit of $3,000 per student. H&r block tax return The lifetime learning credit rate for a GOZ student is increased from 20% to 40%. H&r block tax return The definition of qualified education expenses for a GOZ student also has been expanded. H&r block tax return In addition to tuition and fees required for the student's enrollment or attendance at an eligible educational institution, qualified education expenses for a GOZ student include the following. H&r block tax return Books, supplies, and equipment required for enrollment or attendance at an eligible educational institution. H&r block tax return For a special needs student, expenses that are necessary for that person's enrollment or attendance at an eligible educational institution. H&r block tax return For a student who is at least a half-time student, the reasonable costs of room and board, but only to the extent that the costs are not more than the greater of the following two amounts. H&r block tax return The allowance for room and board, as determined by the eligible educational institution, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student. H&r block tax return The actual amount charged if the student is residing in housing owned or operated by the eligible educational institution. H&r block tax return You will need to contact the eligible educational institution for qualified room and board costs. H&r block tax return For more information, see Form 8863. H&r block tax return Recapture of Federal Mortgage Subsidy Generally, if you financed your home under a federally subsidized program (loans from tax-exempt qualified mortgage bonds or loans with mortgage credit certificates), you may have to recapture all or part of the benefit you received from that program when you sell or otherwise dispose of your home. H&r block tax return However, you do not have to recapture any benefit if your mortgage loan was a qualified home improvement loan of not more than $15,000. H&r block tax return This amount is increased to $150,000 if the loan was provided before 2011 and was used to: Repair damage caused by Hurricane Katrina to a residence in the Hurricane Katrina disaster area, or Alter, repair, or improve an existing owner-occupied residence in the GO Zone, Rita GO Zone, or Wilma GO Zone. H&r block tax return Exclusion of Certain Cancellations of Indebtedness by Reason of Hurricane Katrina Generally, discharges of nonbusiness debts (such as mortgages) made after August 24, 2005, and before January 1, 2007, are excluded from income for individuals whose main home was in the Hurricane Katrina disaster area on August 25, 2005. H&r block tax return If the individual's main home was located outside the core disaster area, the individual also must have had an economic loss because of Hurricane Katrina. H&r block tax return Examples of an economic loss include, but are not limited to: Loss, damage to, or destruction of real or personal property from fire, flooding, looting, vandalism, theft, wind, or other cause; Loss related to displacement from your home; or Loss of livelihood due to temporary or permanent layoffs. H&r block tax return This relief does not apply to any debt secured by real property located outside the Hurricane Katrina disaster area. H&r block tax return You may also have to reduce certain tax attributes by the amount excluded. H&r block tax return For more information, see Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment). H&r block tax return Tax Relief for Temporary Relocation Under the Gulf Opportunity Zone Act of 2005, the IRS may adjust the internal revenue laws to ensure that taxpayers do not lose a deduction or credit or experience a change of filing status in 2005 or 2006 as a result of a temporary relocation caused by Hurricane Katrina, Rita, or Wilma. H&r block tax return However, any such adjustment must ensure that an individual is not taken into account by more than one taxpayer for the same tax benefit. H&r block tax return The IRS has exercised this authority as follows. H&r block tax return In determining whether you furnished over one-half of the cost of maintaining a household, you can exclude from total household costs any assistance received from the government or charitable organizations because you were temporarily relocated as a result of Hurricane Katrina, Rita, or Wilma. H&r block tax return In determining whether you provided more than one-half of an individual's support, you can disregard any assistance received from the government or charitable organizations because you were temporarily relocated as a result of Hurricane Katrina, Rita, or Wilma. H&r block tax return You can treat as a student an individual who enrolled in school before August 25, 2005, and who is unable to attend classes because of Hurricane Katrina, for each month of the enrollment period that individual is prevented by Hurricane Katrina from attending school as planned. H&r block tax return You can treat as a student an individual who enrolled in school before September 23, 2005, and who is unable to attend classes because of Hurricane Rita, for each month of the enrollment period that individual is prevented by Hurricane Rita from attending school as planned. H&r block tax return You can treat as a student an individual who enrolled in school before October 23, 2005, and who is unable to attend classes because of Hurricane Wilma, for each month of the enrollment period that individual is prevented by Hurricane Wilma from attending school as planned. H&r block tax return Additional Tax Relief for Businesses Special Depreciation Allowance You can take a special depreciation allowance for qualified Gulf Opportunity (GO) Zone property (as defined below) you place in service after August 27, 2005. H&r block tax return The allowance is an additional deduction of 50% of the property's depreciable basis (after any section 179 deduction and before figuring your regular depreciation deduction). H&r block tax return The special allowance applies only for the first year the property is placed in service. H&r block tax return The allowance is deductible for both the regular tax and the alternative minimum tax (AMT). H&r block tax return There is no AMT adjustment required for any depreciation figured on the remaining basis of the property. H&r block tax return You can elect not to deduct the special GO Zone depreciation allowance for qualified property. H&r block tax return If you make this election for any property, it applies to all property in the same class placed in service during the year. H&r block tax return Qualified GO Zone property. H&r block tax return   Property that qualifies for the special GO Zone depreciation allowance includes the following. H&r block tax return Tangible property depreciated under the modified accelerated cost recovery system (MACRS) with a recovery period of 20 years or less. H&r block tax return Water utility property. H&r block tax return Computer software that is readily available for purchase by the general public, is subject to a nonexclusive license, and has not been substantially modified. H&r block tax return (The cost of some computer software is treated as part of the cost of hardware and is depreciated under MACRS. H&r block tax return ) Qualified leasehold improvement property. H&r block tax return Nonresidential real property and residential rental property. H&r block tax return   For more information on this property, see Publication 946. H&r block tax return Other tests to be met. H&r block tax return   To be qualified GO Zone property, the property must also meet all of the following tests. H&r block tax return You must have acquired the property, by purchase, after August 27, 2005, but only if no binding written contract for the acquisition was in effect before August 28, 2005. H&r block tax return The property must be placed in service before 2008 (2009 in the case of nonresidential real property and residential rental property). H&r block tax return Substantially all of the use of the property must be in the GO Zone and in the active conduct of your trade or business in the GO Zone. H&r block tax return The original use of the property in the GO Zone must begin with you after August 27, 2005. H&r block tax return Used property can be qualified GO Zone property if it has not previously been used within the GO Zone. H&r block tax return Also, additional capital expenditures you incurred after August 27, 2005, to recondition or rebuild your property meet the original use test if the original use of the property in the GO Zone began with you. H&r block tax return Excepted property. H&r block tax return   Qualified GO Zone property does not include any of the following. H&r block tax return Property required to be depreciated using the Alternative Depreciation System (ADS). H&r block tax return Property any portion of which is financed with the proceeds of a tax-exempt obligation under section 103. H&r block tax return Property for which you are claiming a commercial revitalization deduction. H&r block tax return Any property used in connection with any private or commercial golf course, country club, massage parlor, hot tub facility, suntan facility, or any store, the principal business of which is the sale of alcoholic beverages for consumption off premises. H&r block tax return Any gambling or animal racing property (as defined below). H&r block tax return Property in the same class as that for which you elected not to claim the special GO Zone depreciation allowance. H&r block tax return   Gambling or animal racing property is: Any equipment, furniture, software, or other property used directly in connection with gambling, the racing of animals, or the on-site viewing of such racing, and The portion of any real property (determined by square footage) that is dedicated to gambling, the racing of animals, or the on-site viewing of such racing, unless this portion is less than 100 square feet. H&r block tax return Recapture of special allowance. H&r block tax return   If, in any year after the year you claim the special allowance, the property ceases to be qualified GO Zone property, you may have to recapture as ordinary income any excess benefit you received from claiming the special allowance. H&r block tax return Increased Section 179 Deduction An increased section 179 deduction is allowable for qualified section 179 Gulf Opportunity (GO) Zone property (as defined later) placed in service in the GO Zone. H&r block tax return Increased dollar limit. H&r block tax return   The limit on the section 179 deduction ($105,000 for 2005, $108,000 for 2006) for qualified section 179 GO Zone property acquired after August 27, 2005, is increased by the smaller of: $100,000, or The cost of qualified section 179 GO Zone property placed in service during the year (including such property placed in service by your spouse, even if you are filing a separate return). H&r block tax return   The amount for which you can make the election is reduced if the cost of all qualified section 179 GO Zone property you placed in service during the year exceeds $420,000 for 2005 ($430,000 for 2006) increased by the smaller of: $600,000, or The cost of qualified section 179 GO Zone property placed in service during the year. H&r block tax return Qualified section 179 GO Zone property. H&r block tax return   Qualified section 179 GO Zone property is section 179 property that is qualified GO Zone property (explained earlier under Special Depreciation Allowance). H&r block tax return Section 179 property does not include nonresidential real property or residential rental property. H&r block tax return For more information, including the requirements that must be met for property to qualify for the section 179 deduction, see chapter 2 of Publication 946. H&r block tax return Work Opportunity Credit For the work opportunity credit, the definition of “targeted group employee” has been expanded to include a Hurricane Katrina employee. H&r block tax return Hurricane Katrina employee. H&r block tax return   A Hurricane Katrina employee is: A person who, on August 28, 2005, had a main home in the core disaster area and, within a two-year period beginning on that date, is hired to perform services principally in the core disaster area; or A person who, on August 28, 2005, had a main home in the core disaster area, was displaced from that main home as a result of Hurricane Katrina, and was hired during the period beginning on August 28, 2005, and ending on December 31, 2005. H&r block tax return Qualified wages. H&r block tax return   Generally, qualified wages do not include wages you paid to a targeted group employee who worked for you previously. H&r block tax return However, wages will qualify if: You paid them to an employee who is a Hurricane Katrina employee, The employee was not in your employment on August 28, 2005, and This is your first hire of the employee as a Hurricane Katrina employee after August 28, 2005. H&r block tax return   For more information, see Form 5884. H&r block tax return Certification requirements. H&r block tax return   An employee must provide to the employer reasonable evidence that he or she is a Hurricane Katrina employee. H&r block tax return An employer may accept a completed Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity and Welfare-to-Work Credits, as such evidence. H&r block tax return The certification requirements described in Form 8850 do not apply to a Hurricane Katrina employee. H&r block tax return Do not send any Forms 8850 that have only box 1 checked to the state employment security agency. H&r block tax return Instead, the employer should keep these Forms 8850 with the employer's other records. H&r block tax return For more information, see Form 8850 and its instructions. H&r block tax return Employee Retention Credit An eligible employer who conducted an active trade or business in the Gulf Opportunity (GO) Zone, the Rita GO Zone, or the Wilma GO Zone can claim the employee retention credit. H&r block tax return The credit is 40% of qualified wages for each eligible employee (up to a maximum of $6,000 in qualified wages per employee). H&r block tax return Generally, you must reduce your deduction for salaries and wages by the amount of this credit (before the tax liability limit). H&r block tax return Use Form 5884-A to claim the credit. H&r block tax return See the following rules and definitions for each hurricane. H&r block tax return Employers affected by Hurricane Katrina. H&r block tax return   The following definitions apply to employers affected by Hurricane Katrina. H&r block tax return Eligible employer. H&r block tax return   For this purpose, an eligible employer is any employer who conducted an active trade or business on August 28, 2005, in the GO Zone and whose trade or business was inoperable on any day after August 28, 2005, and before January 1, 2006, because of damage caused by Hurricane Katrina. H&r block tax return Eligible employee. H&r block tax return   For this purpose, an eligible employee is an employee whose principal place of employment on August 28, 2005, with such eligible employer was in the GO Zone. H&r block tax return An employee is not an eligible employee for purposes of Hurricane Katrina if the employee is treated as an eligible employee for the work opportunity credit. H&r block tax return Employers affected by Hurricane Rita. H&r block tax return   The following definitions apply to employers affected by Hurricane Rita. H&r block tax return Eligible employer. H&r block tax return   For this purpose, an eligible employer is any employer who conducted an active trade or business on September 23, 2005, in the Rita GO Zone and whose trade or business was inoperable on any day after September 23, 2005, and before January 1, 2006, because of damage caused by Hurricane Rita. H&r block tax return Eligible employee. H&r block tax return   For this purpose, an eligible employee is an employee whose principal place of employment on September 23, 2005, with such eligible employer was in the Rita GO Zone. H&r block tax return An employee is not an eligible employee for purposes of Hurricane Rita if the employee is treated as an eligible employee for the work opportunity credit or the Hurricane Katrina employee retention credit. H&r block tax return Employers affected by Hurricane Wilma. H&r block tax return   The following definitions apply to employers affected by Hurricane Wilma. H&r block tax return Eligible employer. H&r block tax return   For this purpose, an eligible employer is any employer who conducted an active trade or business on October 23, 2005, in the Wilma GO Zone and whose trade or business was inoperable on any day after October 23, 2005, and before January 1, 2006, because of damage caused by Hurricane Wilma. H&r block tax return Eligible employee. H&r block tax return   For this purpose, an eligible employee is an employee whose principal place of employment on October 23, 2005, with such eligible employer was in the Wilma GO Zone. H&r block tax return An employee is not an eligible employee for purposes of Hurricane Wilma if the employee is treated as an eligible employee for the work opportunity credit or the Hurricane Katrina or Rita employee retention credit. H&r block tax return Qualified wages. H&r block tax return   Qualified wages are wages you paid or incurred before January 1, 2006, (up to $6,000 per employee) for an eligible employee beginning on the date your trade or business first became inoperable at the employee's principal place of employment immediately before the applicable hurricane, and ending on the date your trade or business resumed significant operations at that place. H&r block tax return In addition, the wages must have been paid or incurred after the following date. H&r block tax return August 28, 2005, for Hurricane Katrina. H&r block tax return September 23, 2005, for Hurricane Rita. H&r block tax return October 23, 2005, for Hurricane Wilma. H&r block tax return    This includes wages paid even if the employee performed no services, performed services at a place of employment other than the principal place of employment, or performed services at the principal place of employment before significant operations resumed. H&r block tax return    Wages qualifying for the credit generally have the same meaning as wages subject to the Federal Unemployment Tax Act (FUTA). H&r block tax return Qualified wages also include amounts you paid for medical or hospitalization expenses in connection with sickness or accident disability. H&r block tax return Qualified wages for any employee must be reduced by the amount of any work supplementation payment you received under the Social Security Act. H&r block tax return   For agricultural employees, if the work performed by any employee during more than half of any pay period qualified under FUTA as agricultural labor, that employee's wages subject to social security and Medicare taxes are qualified wages. H&r block tax return For a special rule that applies to railroad employees, see section 51(h)(1)(B). H&r block tax return   Qualified wages do not include the following. H&r block tax return Wages paid to your dependent or a related individual. H&r block tax return See section 51(i)(1). H&r block tax return Wages paid to any employee during the period for which you received payment for the employee from a federally funded on-the-job training program. H&r block tax return Wages for services of replacement workers during a strike or lockout. H&r block tax return   For more information, see Form 5884-A. H&r block tax return Hurricane Katrina Housing Credit An employer who conducted an active trade or business in the Gulf Opportunity (GO) Zone can claim the Hurricane Katrina housing credit. H&r block tax return The credit is equal to 30% of the value (up to $600 per month per employee) of in-kind lodging furnished to a qualified employee (and the employee's spouse or dependents) from January 1, 2006, through July 1, 2006. H&r block tax return The value of the lodging is excluded from the income of the qualified employee but is treated as wages for purposes of taxes imposed under the Federal Insurance Contributions Act (FICA) and the Federal Unemployment Tax Act (FUTA). H&r block tax return Generally, you must reduce your deduction for salaries and wages by the amount of this credit (before the tax liability limit). H&r block tax return The employer must use Form 5884-A to claim the credit. H&r block tax return A qualified employee is an individual who had a main home in the GO Zone on August 28, 2005, and who performs substantially all employment services in the GO Zone for the employer furnishing the lodging. H&r block tax return The employee cannot be your dependent or a related individual. H&r block tax return See section 51(i)(1). H&r block tax return For more information, see Form 5884-A. H&r block tax return Reforestation Costs You may be able to elect to deduct a limited amount of reforestation costs for each qualified timber property. H&r block tax return The deduction for any tax year generally is limited to $10,000 ($5,000 if married filing separately, $0 for a trust). H&r block tax return However, this limit is increased if you paid or incurred reforestation costs after the applicable date below and any portion of the qualified timber property is located in one of the following areas. H&r block tax return August 27, 2005, if any portion of the property is located in the GO Zone. H&r block tax return September 22, 2005, if any portion of the property is located in the Rita GO Zone (but not in the GO Zone). H&r block tax return October 22, 2005, if any portion of the property is located in the Wilma GO Zone. H&r block tax return The limit for each qualified timber property is increased by the smaller of: $10,000 ($5,000 if married filing separately, $0 for a trust), or The amount of reforestation costs you paid or incurred after the applicable date for the qualified timber property, any portion of which is located in the zone described above. H&r block tax return The increase in the limit applies only to costs paid or incurred before 2008. H&r block tax return However, these rules do not apply to any timber producer who: Held more than 500 acres of qualified timber property at any time during the tax year, Is a corporation with stock publicly traded on an established securities market, or Is a real estate investment trust. H&r block tax return For more information about the election to deduct reforestation costs, see chapter 8 in Publication 535, Business Expenses. H&r block tax return Demolition and Clean-up Costs You can elect to deduct 50% of any qualified GO Zone clean-up costs for the tax year in which the costs are paid or incurred, instead of capitalizing them. H&r block tax return Qualified GO Zone clean-up costs are any amounts paid or incurred after August 27, 2005, and before January 1, 2008, for the removal of debris from, or the demolition of structures on, real property located in the GO Zone that is: Held by you for use in a trade or business or for the production of income, or Inventory or other property held primarily for sale to customers in the ordinary course of your trade or business. H&r block tax return Increase in Rehabilitation Tax Credit The rehabilitation credit is increased for qualified rehabilitation expenditures paid or incurred after August 27, 2005, and before January 1, 2009, on buildings located in the GO Zone as follows. H&r block tax return For pre-1936 buildings (other than certified historic structures), the credit percentage is increased from 10% to 13%. H&r block tax return For certified historic structures, the credit percentage is increased from 20% to 26%. H&r block tax return For more information, see Form 3468, Investment Credit. H&r block tax return Request for Copy or Transcript of Tax Return Request for copy of tax return. H&r block tax return   You can use Form 4506 to order a copy of your tax return. H&r block tax return Generally, there is a $39. H&r block tax return 00 fee for requesting each copy of a tax return. H&r block tax return If your main home, principal place of business, or tax records are located in a Presidentially declared disaster area, the fee will be waived if the assigned disaster designation (for example, “Hurricane Katrina”) is written in red across the top of the form when filed. H&r block tax return Request for transcript of tax return. H&r block tax return   You can use Form 4506-T to order a free transcript of your tax return. H&r block tax return A transcript provides most of the line entries from a tax return and usually contains the information that a third party requires. H&r block tax return You can also call 1-800-829-1040 to order a transcript. H&r block tax return How To Get Tax Help Special IRS assistance. H&r block tax return   The IRS is providing special help for those affected by Hurricane Katrina, Rita, or Wilma, as well as survivors and personal representatives of the victims. H&r block tax return We have set up a special toll-free number for people who may have trouble filing or paying their taxes because they were affected by Hurricane Katrina, Rita, or Wilma, or who have other tax issues related to the hurricanes. H&r block tax return Call 1-866-562-5227 Monday through Friday In English-7 a. H&r block tax return m. H&r block tax return to 10 p. H&r block tax return m. H&r block tax return local time In Spanish-8 a. H&r block tax return m. H&r block tax return to 9:30 p. H&r block tax return m. H&r block tax return local time   The IRS website at www. H&r block tax return irs. H&r block tax return gov has notices and other tax relief information. H&r block tax return Check it periodically for any new guidance. H&r block tax return Other help from the IRS. H&r block tax return   You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get more information from the IRS in several ways. H&r block tax return By selecting the method that is best for you, you will have quick and easy access to tax help. H&r block tax return Contacting your Taxpayer Advocate. H&r block tax return   If you have attempted to deal with an IRS problem unsuccessfully, you should contact your Taxpayer Advocate. H&r block tax return   The Taxpayer Advocate independently represents your interests and concerns within the IRS by protecting your rights and resolving problems that have not been fixed through normal channels. H&r block tax return While Taxpayer Advocates cannot change the tax law or make a technical tax decision, they can clear up problems that resulted from previous contacts and ensure that your case is given a complete and impartial review. H&r block tax return   To contact your Taxpayer Advocate: Call the Taxpayer Advocate toll free at 1-877-777-4778. H&r block tax return Call, write, or fax the Taxpayer Advocate office in your area. H&r block tax return Call 1-800-829-4059 if you are a TTY/TDD user. H&r block tax return Visit www. H&r block tax return irs. H&r block tax return gov/advocate. H&r block tax return   For more information, see Publication 1546, How To Get Help With Unresolved Tax Problems (now available in Chinese, Korean, Russian, and Vietnamese, in addition to English and Spanish). H&r block tax return Free tax services. H&r block tax return   To find out what services are available, get Publication 910, IRS Guide to Free Tax Services. H&r block tax return It contains a list of free tax publications and an index of tax topics. H&r block tax return It also describes other free tax information services, including tax education and assistance programs and a list of TeleTax topics. H&r block tax return Internet. H&r block tax return You can access the IRS website 24 hours a day, 7 days a week, at www. H&r block tax return irs. H&r block tax return gov to: E-file your return. H&r block tax return Find out about commercial tax preparation and e-file services available free to eligible taxpayers. H&r block tax return Check the status of your refund. H&r block tax return Click on Where's My Refund. H&r block tax return Be sure to wait at least 6 weeks from the date you filed your return (3 weeks if you filed electronically). H&r block tax return Have your tax return available because you will need to know your social security number, your filing status, and the exact whole dollar amount of your refund. H&r block tax return Download forms, instructions, and publications. H&r block tax return Order IRS products online. H&r block tax return Research your tax questions online. H&r block tax return Search publications online by topic or keyword. H&r block tax return View Internal Revenue Bulletins (IRBs) published in the last few years. H&r block tax return Figure your withholdin