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How To Do An Amended Tax Return

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How To Do An Amended Tax Return

How to do an amended tax return Publication 1544(SP) - Introductory Material Table of Contents Qué Hay de Nuevo Introducción Qué Hay de Nuevo Acontecimientos futuros. How to do an amended tax return  Si desea obtener la información más reciente sobre los acontecimientos relacionados con la Publicación 1544(SP), tal como legislación promulgada después que ésta fue impresa, acceda a www. How to do an amended tax return irs. How to do an amended tax return gov/pub1544, en inglés. How to do an amended tax return Cómo enmendar un informe. How to do an amended tax return  Puede enmendar un informe anterior marcando el encasillado 1a en la parte superior del Formulario 8300-SP. How to do an amended tax return Vea Cómo enmendar un informe, más adelante. How to do an amended tax return Introducción Si, en un período de 12 meses, usted recibe de un comprador más de $10,000 en efectivo producto de una transacción llevada a cabo en su ocupación o negocio, tiene que declarar la transacción al Servicio de Impuestos Internos (IRS, por sus siglas en inglés) y a la Financial Crimes Enforcement Network (Red para hacer cumplir la ley contra delitos financieros, o FinCEN, por su abreviatura en inglés) en el Formulario 8300-SP, Informe de Pagos en Efectivo en Exceso de $10,000 Recibidos en una Ocupación o Negocio, o en el Formulario 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business, en inglés. How to do an amended tax return En esta publicación se explica por qué, cuándo y dónde debe declarar estos pagos recibidos en efectivo, así como las multas considerables que se imponen por no declarar dichos pagos. How to do an amended tax return Algunas organizaciones no tienen que presentar el Formulario 8300-SP, incluidas las instituciones financieras que deben presentar el Formulario 104 de la FinCEN (anteriormente Formulario 4789), Currency Transaction Report (Informe de transacciones en efectivo), en inglés, así como los casinos, los cuales deben presentar el Formulario 103 de la FinCEN (anteriormente Formulario 8362), Currency Transaction Report by Casinos (Informe de transacciones en efectivo hechas por casinos), también en inglés. How to do an amended tax return Esta publicación no incluye información sobre estos dos últimos formularios. How to do an amended tax return En esta publicación encontrará explicaciones sobre la terminología y los puntos más importantes relacionados con el Formulario 8300-SP. How to do an amended tax return Lea las instrucciones adjuntas a este formulario, ya que explican lo que debe anotar en cada línea del mismo. How to do an amended tax return Prev  Up  Next   Home   More Online Publications
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Uncertain Tax Positions - Schedule UTP

Third Year of Uncertain Tax Position Reporting

The IRS is currently reviewing its third year of returns filed with Schedule UTP. Beginning with Tax Year 2010, Schedule UTP was a new schedule that certain corporations  used to report uncertain tax positions. Additionally, with Announcement 2010-76, the IRS expanded its policy of restraint in connection with its decision to require certain corporations to file Schedule UTP. Directives to LB&I personnel have been issued setting forth the IRS’s planned treatment of these UTPs by examiners and other personnel.

Submit your questions, comments, or concerns regarding Schedule UTP to the IRS. Although individual responses will not be provided, the IRS will consider submissions in efforts to improve Schedule UTP.

Information about UTP Education and Outreach Efforts:

LB&I is undertaking an education and outreach effort regarding Schedule UTP. LB&I will mail letters to inform certain taxpayers that a review of their Schedule UTP determined that one or more of the concise descriptions they provided did not meet the requirements set forth in the Schedule UTP instructions. If the taxpayer has a valid Power of Attorney on file with the IRS, the Power of Attorney will also receive a copy of this letter.

While the letter requires no action by taxpayers regarding their Schedule UTP, taxpayers are advised to ensure that on any future filings of a Schedule UTP, the concise descriptions follow the Schedule UTP Instructions. All returns filed with a Schedule UTP will continue to be subject to a review in LB&I.

Taxpayers with questions about the letter or the concise descriptions are being referred to this WEB Site.

Related Documents:

Date

Document

Document Description or Originator

 

 

Forms

Instructions

2013 Form 1120 Schedule UTP Instructions for Form 1120 Schedule UTP
2012 Form 1120 Schedule UTP Instructions for Form 1120 Schedule UTP
2011 Form 1120 Schedule UTP Instructions for Form 1120 Schedule UTP
2010 Form 1120 Schedule UTP Instructions for Form 1120 Schedule UTP
 
IRS Pronouncements:
09-24-10 Announcement 2010-76, Policy of Restraint and Uncertain Tax Positions Impact of the Policy of Restraint on Uncertain Tax Positions. 
09-24-10 Announcement 2010-75, Reporting of Uncertain Tax Positions Reporting of Uncertain Tax Positions.
04-19-10 Announcement 2010-30 Schedule UTP draft form and instructions.
03-05-10 Announcement 2010-17 Extension for comment request for Uncertain Tax Position reporting requirements.
01-26-10 Announcement 2010-9 Comment request for Uncertain Tax Position reporting requirements.
 
IRS and LB&I Guidance Memorandums:
05-31-13 Guidance for Preparing UTP Concise Descriptions Specific Guidance
11-01-11

UTP Guidance and Procedures for the Field

Cover memo by Commissioner, LB&I    
11-01-11 LB&I Schedule UTP Guidance Specific guidance
08-31-11 UTP Guidance and Procedures for the Compliance Assurance Process (CAP) Program Commissioner, LB&I memo
05-11-11

Centralized Management of LB&I Returns with UTP Schedules

Commissioner, LB&I memo
03-23-11 Uncertain Tax Positions - Modified Policy of Restraint Commissioner, LB&I memo
09-24-10 Directive for LB&I: Reporting of Uncertain Tax Positions Deputy Commissioner, Services and Enforcement
 
Public Statements and Comments by IRS Executives:
03-26-12 IRS Deputy Commissioner, Service and Enforcement Remarks before Tax Executives Institute  Remarks of Steven T. Miller, Deputy Commissioner, Service and Enforcement Internal Revenue Service Before the Tax Executives Institute, Mid Year Conference
09-24-10 IRS Commissioner Shulman Remarks before the American Bar Association, 9/24/2010   
04-12-10 Remarks of IRS Commissioner Shulman at the Tax Executives Institute Mid-Year Meeting   
01-26-10 IR-2010-13 Remarks of IRS Commissioner Doug Shulman to the New York State Bar Association Taxation Section Annual Meeting
 
Other Documents:
02-04-14 UTP Filing Statistics  
03-14-13 Frequently Asked Questions  

 

Page Last Reviewed or Updated: 26-Feb-2014

The How To Do An Amended Tax Return

How to do an amended tax return 2. How to do an amended tax return   The Tax and Filing Requirements Table of Contents Returns and Filing Requirements Payment of TaxFederal Tax Deposits Must be Made by Electronic Funds Transfer All organizations subject to the tax on unrelated business income, except the exempt trusts described in section 511(b)(2), are taxable at corporate rates on that income. How to do an amended tax return All exempt trusts subject to the tax on unrelated business income that, if not exempt, would be taxable as trusts are taxable at trust rates on that income. How to do an amended tax return However, an exempt trust may not claim the deduction for a personal exemption that is normally allowed to a trust. How to do an amended tax return The tax is imposed on the organization's unrelated business taxable income (described in chapter 4). How to do an amended tax return The tax is reduced by any applicable tax credits, including the general business credits (such as the investment credit) and the foreign tax credit. How to do an amended tax return Alternative minimum tax. How to do an amended tax return   Organizations liable for tax on unrelated business income may be liable for alternative minimum tax on certain adjustments and tax preference items. How to do an amended tax return Returns and Filing Requirements An exempt organization subject to the tax on unrelated business income must file Form 990-T and attach any required supporting schedules and forms. How to do an amended tax return The obligation to file Form 990-T is in addition to the obligation to file any other required returns. How to do an amended tax return Form 990-T is required if the organization's gross income from unrelated businesses is $1,000 or more. How to do an amended tax return An exempt organization must report income from all its unrelated businesses on a single Form 990-T. How to do an amended tax return Each organization must file a separate Form 990-T, except section 501(c)(2) title holding corporations and organizations receiving their earnings that file a consolidated return under section 1501. How to do an amended tax return The various provisions of tax law relating to accounting periods, accounting methods, at-risk limits (described in section 465), assessments, and collection penalties that apply to tax returns generally also apply to Form 990-T. How to do an amended tax return When to file. How to do an amended tax return   The Form 990-T of an employees' trust described in section 401(a), an IRA (including a traditional, SEP, SIMPLE, Roth, or Coverdell IRA), or an MSA must be filed by the 15th day of the 4th month after the end of its tax year. How to do an amended tax return The Form 990-T of any other exempt organization must be filed by the 15th day of the 5th month after the end of its tax year. How to do an amended tax return If the due date falls on a Saturday, Sunday, or legal holiday, the return is due by the next business day. How to do an amended tax return Extension of time to file. How to do an amended tax return   A Form 990-T filer may request an automatic 3-month (6 months for corporation) extension of time to file a return by submitting Form 8868, Application for Extension of Time To File an Exempt Organization Return. How to do an amended tax return The Form 990-T filer may also use Form 8868 to apply for an additional (not automatic) 3-month extension to file the return if the original 3-month extension was not enough time. How to do an amended tax return Public Inspection Requirements of Section 501(c)(3) Organizations. How to do an amended tax return   Under section 6104(d), a section 501(c)(3) organization that has gross income from an unrelated trade or business of $1,000 or more must make its annual exempt organization business income tax return (including amended returns) available for public inspection. How to do an amended tax return    A section 501(c)(3) organization filing the Form 990-T only to request a credit for certain federal excise taxes paid does not have to make the Form 990-T available for public inspection. How to do an amended tax return Payment of Tax Estimated tax. How to do an amended tax return   A tax-exempt organization must make estimated tax payments if it expects its tax (unrelated business income tax after certain adjustments) to be $500 or more. How to do an amended tax return Estimated tax payments are generally due by the 15th day of the 4th, 6th, 9th, and 12th months of the tax year. How to do an amended tax return If any due date falls on a Saturday, Sunday, or legal holiday, the payment is due on the next business day. How to do an amended tax return   Any organization that fails to pay the proper estimated tax when due may be charged an underpayment penalty for the period of underpayment. How to do an amended tax return Generally, to avoid the estimated tax penalty, the organization must make estimated tax payments that total 100% of the organization's current tax year liability. How to do an amended tax return However, an organization can base its required estimated tax payments on 100% of the tax shown on its return for the preceding year (unless no tax is shown) if its taxable income for each of the 3 preceding tax years was less than $1 million. How to do an amended tax return If an organization's taxable income for any of those years was $1 million or more, it can base only its first required installment payment on its last year's tax. How to do an amended tax return   All tax-exempt organizations should use Form 990-W (Worksheet), to figure their estimated tax. How to do an amended tax return    Tax due with Form 990-T. How to do an amended tax return   Any tax due with Form 990-T must be paid in full when the return is filed, but no later than the date the return is due (determined without extensions). How to do an amended tax return Federal Tax Deposits Must be Made by Electronic Funds Transfer You must use electronic funds transfer to make all federal deposits (such as deposits of estimated tax, employment tax, and excise tax). How to do an amended tax return Forms 8109 and 8109-B, Federal Tax Deposit Coupon, are no longer in use. How to do an amended tax return Generally, electronic fund transfers are made using the Electronic Federal Tax Payment System (EFTPS). How to do an amended tax return If you do not want to use EFTPS, you can arrange for your tax professional, financial institution, payroll service, or other trusted third party to make deposits on your behalf. How to do an amended tax return Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. How to do an amended tax return EFTPS is a free service provided by the Department of Treasury. How to do an amended tax return Services provided by your tax professional, financial institution, payroll service, or other third party may have a fee. How to do an amended tax return To get more information about EFTPS or to enroll in EFTPS, visit www. How to do an amended tax return eftps. How to do an amended tax return gov or call 1-800-555-4477. How to do an amended tax return Additional information about EFTPS is available in Publication 966, The Secure Way to Pay Your Federal Taxes. How to do an amended tax return Deposits on business days only. How to do an amended tax return   If a deposit is required to be made on a day that is not a business day, the deposit is considered timely if it is made by the close of the next business day. How to do an amended tax return A business day is any day other than a Saturday, Sunday, or legal holiday. How to do an amended tax return For example, if a deposit is required to be made on a Friday and Friday is a legal holiday, the deposit will be considered timely if it is made by the following Monday (if that Monday is a business day). How to do an amended tax return The term "legal holiday" means any legal holiday in the District of Columbia. How to do an amended tax return Prev  Up  Next   Home   More Online Publications