Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

How To File Amended Tax Return Turbotax

Free Turbo Tax For Military2011 Irs Form 1040State Taxes OnlyPrint Free 1040ez Tax FormFile Tax Extension ElectronicallyExpress 1040Military Taxes OnlineCan You E File An Amended ReturnState Income Tax Forms 2013File Income Tax Online Free1040x OnlineFiling 2011 Taxes For FreeFree Online Tax FilingHow To File A 1040ez OnlineI Need To File My State Taxes OnlyE File Tax Return 2011Hr Block Military2010 Free Tax Software DownloadFile Amended ReturnCan I Efile Form 1040xNj 1040ez1040ez Form Line 5Amended Tax Return More:label_amended_20tax_20return More:bizfinanceEz Tax Form 2012Irs Form 1040ez Instructions1040 Ez Form 2011State Tax Return For Free2011 1040 Tax FormsFederal Tax Return 2011Can You File 2011 Taxes OnlineFile 2007 TaxesTax Forms For 2012Free 1040ez FilingDo State Taxes Online FreeHow Do You Amend A Tax ReturnFiling 2009 TaxesAmended Return 2011Hr Block Online TaxIrs Form 1040ez Instructions1040ez Help

How To File Amended Tax Return Turbotax

How to file amended tax return turbotax 5. How to file amended tax return turbotax   Recordkeeping Table of Contents How To Prove ExpensesWhat Are Adequate Records? What If I Have Incomplete Records? Separating and Combining Expenses How Long To Keep Records and Receipts Examples of Records If you deduct travel, entertainment, gift, or transportation expenses, you must be able to prove (substantiate) certain elements of expense. How to file amended tax return turbotax This chapter discusses the records you need to keep to prove these expenses. How to file amended tax return turbotax If you keep timely and accurate records, you will have support to show the IRS if your tax return is ever examined. How to file amended tax return turbotax You will also have proof of expenses that your employer may require if you are reimbursed under an accountable plan. How to file amended tax return turbotax These plans are discussed in chapter 6 under Reimbursements . How to file amended tax return turbotax How To Prove Expenses Table 5-1 is a summary of records you need to prove each expense discussed in this publication. How to file amended tax return turbotax You must be able to prove the elements listed across the top portion of the chart. How to file amended tax return turbotax You prove them by having the information and receipts (where needed) for the expenses listed in the first column. How to file amended tax return turbotax You cannot deduct amounts that you approximate or estimate. How to file amended tax return turbotax You should keep adequate records to prove your expenses or have sufficient evidence that will support your own statement. How to file amended tax return turbotax You must generally prepare a written record for it to be considered adequate. How to file amended tax return turbotax This is because written evidence is more reliable than oral evidence alone. How to file amended tax return turbotax However, if you prepare a record on a computer, it is considered an adequate record. How to file amended tax return turbotax What Are Adequate Records? You should keep the proof you need in an account book, diary, log, statement of expense, trip sheets, or similar record. How to file amended tax return turbotax You should also keep documentary evidence that, together with your record, will support each element of an expense. How to file amended tax return turbotax Documentary evidence. How to file amended tax return turbotax   You generally must have documentary evidence, such as receipts, canceled checks, or bills, to support your expenses. How to file amended tax return turbotax Exception. How to file amended tax return turbotax   Documentary evidence is not needed if any of the following conditions apply. How to file amended tax return turbotax You have meals or lodging expenses while traveling away from home for which you account to your employer under an accountable plan, and you use a per diem allowance method that includes meals and/or lodging. How to file amended tax return turbotax ( Accountable plans and per diem allowances are discussed in chapter 6. How to file amended tax return turbotax ) Your expense, other than lodging, is less than $75. How to file amended tax return turbotax You have a transportation expense for which a receipt is not readily available. How to file amended tax return turbotax Adequate evidence. How to file amended tax return turbotax   Documentary evidence ordinarily will be considered adequate if it shows the amount, date, place, and essential character of the expense. How to file amended tax return turbotax   For example, a hotel receipt is enough to support expenses for business travel if it has all of the following information. How to file amended tax return turbotax The name and location of the hotel. How to file amended tax return turbotax The dates you stayed there. How to file amended tax return turbotax Separate amounts for charges such as lodging, meals, and telephone calls. How to file amended tax return turbotax   A restaurant receipt is enough to prove an expense for a business meal if it has all of the following information. How to file amended tax return turbotax The name and location of the restaurant. How to file amended tax return turbotax The number of people served. How to file amended tax return turbotax The date and amount of the expense. How to file amended tax return turbotax If a charge is made for items other than food and beverages, the receipt must show that this is the case. How to file amended tax return turbotax Canceled check. How to file amended tax return turbotax   A canceled check, together with a bill from the payee, ordinarily establishes the cost. How to file amended tax return turbotax However, a canceled check by itself does not prove a business expense without other evidence to show that it was for a business purpose. How to file amended tax return turbotax Duplicate information. How to file amended tax return turbotax   You do not have to record information in your account book or other record that duplicates information shown on a receipt as long as your records and receipts complement each other in an orderly manner. How to file amended tax return turbotax   You do not have to record amounts your employer pays directly for any ticket or other travel item. How to file amended tax return turbotax However, if you charge these items to your employer, through a credit card or otherwise, you must keep a record of the amounts you spend. How to file amended tax return turbotax Timely-kept records. How to file amended tax return turbotax   You should record the elements of an expense or of a business use at or near the time of the expense or use and support it with sufficient documentary evidence. How to file amended tax return turbotax A timely-kept record has more value than a statement prepared later when generally there is a lack of accurate recall. How to file amended tax return turbotax   You do not need to write down the elements of every expense on the day of the expense. How to file amended tax return turbotax If you maintain a log on a weekly basis that accounts for use during the week, the log is considered a timely-kept record. How to file amended tax return turbotax   If you give your employer, client, or customer an expense account statement, it can also be considered a timely-kept record. How to file amended tax return turbotax This is true if you copy it from your account book, diary, log, statement of expense, trip sheets, or similar record. How to file amended tax return turbotax Proving business purpose. How to file amended tax return turbotax   You must generally provide a written statement of the business purpose of an expense. How to file amended tax return turbotax However, the degree of proof varies according to the circumstances in each case. How to file amended tax return turbotax If the business purpose of an expense is clear from the surrounding circumstances, then you do not need to give a written explanation. How to file amended tax return turbotax Example. How to file amended tax return turbotax If you are a sales representative who calls on customers on an established sales route, you do not have to give a written explanation of the business purpose for traveling that route. How to file amended tax return turbotax You can satisfy the requirements by recording the length of the delivery route once, the date of each trip at or near the time of the trips, and the total miles you drove the car during the tax year. How to file amended tax return turbotax You could also establish the date of each trip with a receipt, record of delivery, or other documentary evidence. How to file amended tax return turbotax Confidential information. How to file amended tax return turbotax   You do not need to put confidential information relating to an element of a deductible expense (such as the place, business purpose, or business relationship) in your account book, diary, or other record. How to file amended tax return turbotax However, you do have to record the information elsewhere at or near the time of the expense and have it available to fully prove that element of the expense. How to file amended tax return turbotax What If I Have Incomplete Records? If you do not have complete records to prove an element of an expense, then you must prove the element with: Your own written or oral statement containing specific information about the element, and Other supporting evidence that is sufficient to establish the element. How to file amended tax return turbotax If the element is the description of a gift, or the cost, time, place, or date of an expense, the supporting evidence must be either direct evidence or documentary evidence. How to file amended tax return turbotax Direct evidence can be written statements or the oral testimony of your guests or other witnesses setting forth detailed information about the element. How to file amended tax return turbotax Documentary evidence can be receipts, paid bills, or similar evidence. How to file amended tax return turbotax If the element is either the business relationship of your guests or the business purpose of the amount spent, the supporting evidence can be circumstantial rather than direct. How to file amended tax return turbotax For example, the nature of your work, such as making deliveries, provides circumstantial evidence of the use of your car for business purposes. How to file amended tax return turbotax Invoices of deliveries establish when you used the car for business. How to file amended tax return turbotax Table 5-1. How to file amended tax return turbotax How To Prove Certain Business Expenses IF you have expenses for . How to file amended tax return turbotax . How to file amended tax return turbotax THEN you must keep records that show details of the following elements . How to file amended tax return turbotax . How to file amended tax return turbotax . How to file amended tax return turbotax   Amount Time Place or  Description Business Purpose Business Relationship Travel Cost of each separate expense for travel, lodging, and meals. How to file amended tax return turbotax Incidental expenses may be totaled in reasonable categories such as taxis, fees and tips, etc. How to file amended tax return turbotax Dates you left and returned for each trip and number of days spent on business. How to file amended tax return turbotax Destination or area of your travel (name of city, town, or other designation). How to file amended tax return turbotax Purpose: Business purpose for the expense or the business benefit gained or expected to be gained. How to file amended tax return turbotax    Relationship: N/A Entertainment Cost of each separate expense. How to file amended tax return turbotax Incidental expenses such as taxis, telephones, etc. How to file amended tax return turbotax , may be totaled on a daily basis. How to file amended tax return turbotax Date of entertainment. How to file amended tax return turbotax (Also see Business Purpose. How to file amended tax return turbotax ) Name and address or location of place of entertainment. How to file amended tax return turbotax Type of entertainment if not otherwise apparent. How to file amended tax return turbotax (Also see Business Purpose. How to file amended tax return turbotax ) Purpose: Business purpose for the expense or the business benefit gained or expected to be gained. How to file amended tax return turbotax  For entertainment, the nature of the business discussion or activity. How to file amended tax return turbotax If the entertainment was directly before or after a business discussion: the date, place, nature, and duration of the business discussion, and the identities of the persons who took part in both the business discussion and the entertainment activity. How to file amended tax return turbotax    Relationship: Occupations or other information (such as names, titles, or other designations) about the recipients that shows their business relationship to you. How to file amended tax return turbotax  For entertainment, you must also prove that you or your employee was present if the entertainment was a business meal. How to file amended tax return turbotax Gifts Cost of the gift. How to file amended tax return turbotax Date of the gift. How to file amended tax return turbotax Description of the gift. How to file amended tax return turbotax   Transportation Cost of each separate expense. How to file amended tax return turbotax For car expenses, the cost of the car and any improvements, the date you started using it for business, the mileage for each business use, and the total miles for the year. How to file amended tax return turbotax Date of the expense. How to file amended tax return turbotax For car expenses, the date of the use of the car. How to file amended tax return turbotax Your business destination. How to file amended tax return turbotax Purpose: Business purpose for the expense. How to file amended tax return turbotax    Relationship: N/A Sampling. How to file amended tax return turbotax   You can keep an adequate record for parts of a tax year and use that record to prove the amount of business or investment use for the entire year. How to file amended tax return turbotax You must demonstrate by other evidence that the periods for which an adequate record is kept are representative of the use throughout the tax year. How to file amended tax return turbotax Example. How to file amended tax return turbotax You use your car to visit the offices of clients, meet with suppliers and other subcontractors, and pick up and deliver items to clients. How to file amended tax return turbotax There is no other business use of the car, but you and your family use the car for personal purposes. How to file amended tax return turbotax You keep adequate records during the first week of each month that show that 75% of the use of the car is for business. How to file amended tax return turbotax Invoices and bills show that your business use continues at the same rate during the later weeks of each month. How to file amended tax return turbotax Your weekly records are representative of the use of the car each month and are sufficient evidence to support the percentage of business use for the year. How to file amended tax return turbotax Exceptional circumstances. How to file amended tax return turbotax   You can satisfy the substantiation requirements with other evidence if, because of the nature of the situation in which an expense is made, you cannot get a receipt. How to file amended tax return turbotax This applies if all the following are true. How to file amended tax return turbotax You were unable to obtain evidence for an element of the expense or use that completely satisfies the requirements explained earlier under What Are Adequate Records . How to file amended tax return turbotax You are unable to obtain evidence for an element that completely satisfies the two rules listed earlier under What If I Have Incomplete Records . How to file amended tax return turbotax You have presented other evidence for the element that is the best proof possible under the circumstances. How to file amended tax return turbotax Destroyed records. How to file amended tax return turbotax   If you cannot produce a receipt because of reasons beyond your control, you can prove a deduction by reconstructing your records or expenses. How to file amended tax return turbotax Reasons beyond your control include fire, flood, and other casualties. How to file amended tax return turbotax    Table 5-2. How to file amended tax return turbotax Daily Business Mileage and Expense Log Name:       Odometer Readings Expenses Date Destination  (City, Town, or Area) Business Purpose Start Stop Miles  this trip Type  (Gas, oil, tolls, etc. How to file amended tax return turbotax ) Amount                                                                                                                   Weekly  Total             Total Year-to-Date             Separating and Combining Expenses This section explains when expenses must be kept separate and when expenses can be combined. How to file amended tax return turbotax Separating expenses. How to file amended tax return turbotax   Each separate payment is generally considered a separate expense. How to file amended tax return turbotax For example, if you entertain a customer or client at dinner and then go to the theater, the dinner expense and the cost of the theater tickets are two separate expenses. How to file amended tax return turbotax You must record them separately in your records. How to file amended tax return turbotax Season or series tickets. How to file amended tax return turbotax   If you buy season or series tickets for business use, you must treat each ticket in the series as a separate item. How to file amended tax return turbotax To determine the cost of individual tickets, divide the total cost (but not more than face value) by the number of games or performances in the series. How to file amended tax return turbotax You must keep records to show whether you use each ticket as a gift or entertainment. How to file amended tax return turbotax Also, you must be able to prove the cost of nonluxury box seat tickets if you rent a skybox or other private luxury box for more than one event. How to file amended tax return turbotax See Entertainment tickets in chapter 2. How to file amended tax return turbotax Combining items. How to file amended tax return turbotax   You can make one daily entry in your record for reasonable categories of expenses. How to file amended tax return turbotax Examples are taxi fares, telephone calls, or other incidental travel costs. How to file amended tax return turbotax Meals should be in a separate category. How to file amended tax return turbotax You can include tips for meal-related services with the costs of the meals. How to file amended tax return turbotax   Expenses of a similar nature occurring during the course of a single event are considered a single expense. How to file amended tax return turbotax For example, if during entertainment at a cocktail lounge, you pay separately for each serving of refreshments, the total expense for the refreshments is treated as a single expense. How to file amended tax return turbotax Car expenses. How to file amended tax return turbotax   You can account for several uses of your car that can be considered part of a single use, such as a round trip or uninterrupted business use, with a single record. How to file amended tax return turbotax Minimal personal use, such as a stop for lunch on the way between two business stops, is not an interruption of business use. How to file amended tax return turbotax Example. How to file amended tax return turbotax You make deliveries at several different locations on a route that begins and ends at your employer's business premises and that includes a stop at the business premises between two deliveries. How to file amended tax return turbotax You can account for these using a single record of miles driven. How to file amended tax return turbotax Gift expenses. How to file amended tax return turbotax   You do not always have to record the name of each recipient of a gift. How to file amended tax return turbotax A general listing will be enough if it is evident that you are not trying to avoid the $25 annual limit on the amount you can deduct for gifts to any one person. How to file amended tax return turbotax For example, if you buy a large number of tickets to local high school basketball games and give one or two tickets to each of many customers, it is usually enough to record a general description of the recipients. How to file amended tax return turbotax Allocating total cost. How to file amended tax return turbotax   If you can prove the total cost of travel or entertainment but you cannot prove how much it cost for each person who participated in the event, you may have to allocate the total cost among you and your guests on a pro rata basis. How to file amended tax return turbotax To do so, you must establish the number of persons who participated in the event. How to file amended tax return turbotax   An allocation would be needed, for example, if you did not have a business relationship with all of your guests. How to file amended tax return turbotax See Allocating between business and nonbusiness in chapter 2. How to file amended tax return turbotax If your return is examined. How to file amended tax return turbotax    If your return is examined, you may have to provide additional information to the IRS. How to file amended tax return turbotax This information could be needed to clarify or to establish the accuracy or reliability of information contained in your records, statements, testimony, or documentary evidence before a deduction is allowed. How to file amended tax return turbotax    THIS IS NOT AN OFFICIAL INTERNAL REVENUE FORM Table 5-3. How to file amended tax return turbotax Weekly Traveling Expense and Entertainment Record From: To: Name: Expenses Sunday Monday Tuesday Wednesday Thursday Friday Saturday Total 1. How to file amended tax return turbotax Travel Expenses: Airlines                                 Excess Baggage                                 Bus – Train                                 Cab and Limousine                                 Tips                                 Porter                                 2. How to file amended tax return turbotax Meals and Lodging:  Breakfast                                 Lunch                                 Dinner                                 Hotel and Motel  (Detail in Schedule B)                                 3. How to file amended tax return turbotax Entertainment  (Detail in Schedule C)                                 4. How to file amended tax return turbotax Other Expenses:  Postage                                 Telephone & Telegraph                                 Stationery & Printing                                 Stenographer                                 Sample Room                                 Advertising                                 Assistant(s)                                 Trade Shows                                 5. How to file amended tax return turbotax Car Expenses: (List all car expenses - the division between business and personal expenses may be made at the end of the year. How to file amended tax return turbotax ) (Detail mileage in Schedule A. How to file amended tax return turbotax ) Gas, oil, lube, wash                                 Repairs, parts                                 Tires, supplies                                 Parking fees, tolls                                 6. How to file amended tax return turbotax Other (Identify)                                 Total                                 Note: Attach receipted bills for (1) ALL lodging and (2) any other expenses of $75. How to file amended tax return turbotax 00 or more. How to file amended tax return turbotax Schedule A – Car Mileage: End                 Start                 Total                 Business Mileage                 Schedule B – Lodging Hotel or Motel Name                 City                 Schedule C – Entertainment Date Item Place Amount Business Purpose Business Relationship                                             WEEKLY REIMBURSEMENTS:     Travel and transportation expenses     Other reimbursements     TOTAL   How Long To Keep Records and Receipts You must keep records as long as they may be needed for the administration of any provision of the Internal Revenue Code. How to file amended tax return turbotax Generally, this means you must keep records that support your deduction (or an item of income) for 3 years from the date you file the income tax return on which the deduction is claimed. How to file amended tax return turbotax A return filed early is considered filed on the due date. How to file amended tax return turbotax For a more complete explanation of how long to keep records, see Publication 583, Starting a Business and Keeping Records. How to file amended tax return turbotax You must keep records of the business use of your car for each year of the recovery period. How to file amended tax return turbotax See More-than-50%-use test in chapter 4 under Depreciation Deduction. How to file amended tax return turbotax Reimbursed for expenses. How to file amended tax return turbotax   Employees who give their records and documentation to their employers and are reimbursed for their expenses generally do not have to keep copies of this information. How to file amended tax return turbotax However, you may have to prove your expenses if any of the following conditions apply. How to file amended tax return turbotax You claim deductions for expenses that are more than reimbursements. How to file amended tax return turbotax Your expenses are reimbursed under a nonaccountable plan. How to file amended tax return turbotax Your employer does not use adequate accounting procedures to verify expense accounts. How to file amended tax return turbotax You are related to your employer as defined under Per Diem and Car Allowances , in chapter 6. How to file amended tax return turbotax Reimbursements , adequate accounting , and nonaccountable plans are discussed in chapter 6. How to file amended tax return turbotax Examples of Records Table 5-2 and Table 5-3 are examples of worksheets which can be used for tracking business expenses. How to file amended tax return turbotax Prev  Up  Next   Home   More Online Publications
Español

U.S. Agency for International Development (USAID)

The U.S. Agency for International Development (USAID) is the principal U.S. agency to extend assistance to countries recovering from disaster, trying to escape poverty, and engaging in democratic reforms.

Contact the Agency or Department

Website: U.S. Agency for International Development (USAID)

Contact In-Person: Overseas Missions

E-mail:

Address: Ronald Reagan Building
Washington, DC 20523-1000

Phone Number: (202) 712-4810

The How To File Amended Tax Return Turbotax

How to file amended tax return turbotax 31. How to file amended tax return turbotax   Tax on Unearned Income of Certain Children Table of Contents What's New Introduction Useful Items - You may want to see: Which Parent's Return To UseParents Who Do Not File a Joint Return Parent's Election To Report Child's Interest and DividendsEffect of Making the Election Figuring Child's Income Figuring Additional Tax Tax for Certain Children Who Have Unearned IncomeProviding Parental Information (Form 8615, lines A–C) Step 1. How to file amended tax return turbotax Figuring the Child's Net Unearned Income (Form 8615, Part I) Step 2. How to file amended tax return turbotax Figuring Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) Step 3. How to file amended tax return turbotax Figuring the Child's Tax (Form 8615, Part III) What's New Net Investment Income Tax. How to file amended tax return turbotax . How to file amended tax return turbotax  For tax years beginning after December 31, 2012, a child whose tax is figured on Form 8615 may be subject to the Net Investment Income Tax (NIIT). How to file amended tax return turbotax NIIT is a 3. How to file amended tax return turbotax 8% tax on the lesser of the net investment income or the excess of the child's modified adjusted gross income (MAGI) over the threshold amount. How to file amended tax return turbotax Use Form 8960, Net Investment Income Tax, to figure this tax. How to file amended tax return turbotax For more information on NIIT, go to www. How to file amended tax return turbotax irs. How to file amended tax return turbotax gov and enter “Net Investment Income Tax” in the search box. How to file amended tax return turbotax Introduction This chapter discusses the following two rules that may affect the tax on unearned income of certain children. How to file amended tax return turbotax If the child's interest and dividend income (including capital gain distributions) total less than $10,000, the child's parent may be able to choose to include that income on the parent's return rather than file a return for the child. How to file amended tax return turbotax (See Parent's Election To Report Child's Interest and Dividends , later. How to file amended tax return turbotax ) If the child's interest, dividends, and other unearned income total more than $2,000, part of that income may be taxed at the parent's tax rate instead of the child's tax rate. How to file amended tax return turbotax (See Tax for Certain Children Who Have Unearned Income , later. How to file amended tax return turbotax ) For these rules, the term “child” includes a legally adopted child and a stepchild. How to file amended tax return turbotax These rules apply whether or not the child is a dependent. How to file amended tax return turbotax Useful Items - You may want to see: Publication 929 Tax Rules for Children and Dependents Form (and Instructions) 8615 Tax for Certain Children Who Have Unearned Income 8814 Parents' Election To Report Child's Interest and Dividends Which Parent's Return To Use If a child's parents are married to each other and file a joint return, use the joint return to figure the tax on the child's unearned income. How to file amended tax return turbotax The tax rate and other return information from that return are used to figure the child's tax as explained later under Tax for Certain Children Who Have Unearned Income . How to file amended tax return turbotax Parents Who Do Not File a Joint Return For parents who do not file a joint return, the following discussions explain which parent's tax return must be used to figure the tax. How to file amended tax return turbotax Only the parent whose tax return is used can make the election described under Parent's Election To Report Child's Interest and Dividends . How to file amended tax return turbotax Parents are married. How to file amended tax return turbotax   If the child's parents file separate returns, use the return of the parent with the greater taxable income. How to file amended tax return turbotax Parents not living together. How to file amended tax return turbotax   If the child's parents are married to each other but not living together, and the parent with whom the child lives (the custodial parent) is considered unmarried, use the return of the custodial parent. How to file amended tax return turbotax If the custodial parent is not considered unmarried, use the return of the parent with the greater taxable income. How to file amended tax return turbotax   For an explanation of when a married person living apart from his or her spouse is considered unmarried, see Head of Household in chapter 2. How to file amended tax return turbotax Parents are divorced. How to file amended tax return turbotax   If the child's parents are divorced or legally separated, and the parent who had custody of the child for the greater part of the year (the custodial parent) has not remarried, use the return of the custodial parent. How to file amended tax return turbotax Custodial parent remarried. How to file amended tax return turbotax   If the custodial parent has remarried, the stepparent (rather than the noncustodial parent) is treated as the child's other parent. How to file amended tax return turbotax Therefore, if the custodial parent and the stepparent file a joint return, use that joint return. How to file amended tax return turbotax Do not use the return of the noncustodial parent. How to file amended tax return turbotax   If the custodial parent and the stepparent are married, but file separate returns, use the return of the one with the greater taxable income. How to file amended tax return turbotax If the custodial parent and the stepparent are married but not living together, the earlier discussion under Parents not living together applies. How to file amended tax return turbotax Parents never married. How to file amended tax return turbotax   If a child's parents have never been married to each other, but lived together all year, use the return of the parent with the greater taxable income. How to file amended tax return turbotax If the parents did not live together all year, the rules explained earlier under Parents are divorced apply. How to file amended tax return turbotax Widowed parent remarried. How to file amended tax return turbotax   If a widow or widower remarries, the new spouse is treated as the child's other parent. How to file amended tax return turbotax The rules explained earlier under Custodial parent remarried apply. How to file amended tax return turbotax Parent's Election To Report Child's Interest and Dividends You may be able to elect to include your child's interest and dividend income (including capital gain distributions) on your tax return. How to file amended tax return turbotax If you do, your child will not have to file a return. How to file amended tax return turbotax You can make this election only if all the following conditions are met. How to file amended tax return turbotax Your child was under age 19 (or under age 24 if a full-time student) at the end of the year. How to file amended tax return turbotax Your child had income only from interest and dividends (including capital gain distributions and Alaska Permanent Fund dividends). How to file amended tax return turbotax The child's gross income was less than $10,000. How to file amended tax return turbotax The child is required to file a return unless you make this election. How to file amended tax return turbotax The child does not file a joint return for the year. How to file amended tax return turbotax No estimated tax payment was made for the year, and no overpayment from the previous year (or from any amended return) was applied to this year under your child's name and social security number. How to file amended tax return turbotax No federal income tax was taken out of your child's income under the backup withholding rules. How to file amended tax return turbotax You are the parent whose return must be used when applying the special tax rules for children. How to file amended tax return turbotax (See Which Parent's Return To Use , earlier. How to file amended tax return turbotax ) These conditions are also shown in Figure 31-A. How to file amended tax return turbotax Certain January 1 birthdays. How to file amended tax return turbotax   A child born on January 1, 1995, is considered to be age 19 at the end of 2013. How to file amended tax return turbotax You cannot make this election for such a child unless the child was a full-time student. How to file amended tax return turbotax   A child born on January 1, 1990, is considered to be age 24 at the end of 2013. How to file amended tax return turbotax You cannot make this election for such a child. How to file amended tax return turbotax Full-time student. How to file amended tax return turbotax   A full-time student is a child who during some part of each of any 5 calendar months of the year was enrolled as a full-time student at a school, or took a full-time on-farm training course given by a school or a state, county, or local government agency. How to file amended tax return turbotax A school includes a technical, trade, or mechanical school. How to file amended tax return turbotax It does not include an on-the-job training course, correspondence school, or school offering courses only through the Internet. How to file amended tax return turbotax How to make the election. How to file amended tax return turbotax   Make the election by attaching Form 8814 to your Form 1040. How to file amended tax return turbotax (If you make this election, you cannot file Form 1040A or Form 1040EZ. How to file amended tax return turbotax ) Attach a separate Form 8814 for each child for whom you make the election. How to file amended tax return turbotax You can make the election for one or more children and not for others. How to file amended tax return turbotax Effect of Making the Election The federal income tax on your child's income may be more if you make the Form 8814 election. How to file amended tax return turbotax Rate may be higher. How to file amended tax return turbotax   If your child received qualified dividends or capital gain distributions, you may pay up to $100 more tax if you make this election instead of filing a separate tax return for the child. How to file amended tax return turbotax This is because the tax rate on the child's income between $1,000 and $2,000 is 10% if you make this election. How to file amended tax return turbotax However, if you file a separate return for the child, the tax rate may be as low as 0% (zero percent) because of the preferential tax rates for qualified dividends and capital gain distributions. How to file amended tax return turbotax Deductions you cannot take. How to file amended tax return turbotax   By making the Form 8814 election, you cannot take any of the following deductions that the child would be entitled to on his or her return. How to file amended tax return turbotax The additional standard deduction if the child is blind. How to file amended tax return turbotax The deduction for a penalty on an early withdrawal of your child's savings. How to file amended tax return turbotax Itemized deductions (such as your child's investment expenses or charitable contributions). How to file amended tax return turbotax Reduced deductions or credits. How to file amended tax return turbotax   If you use Form 8814, your increased adjusted gross income may reduce certain deductions or credits on your return including the following. How to file amended tax return turbotax Deduction for contributions to a traditional individual retirement arrangement (IRA). How to file amended tax return turbotax Deduction for student loan interest. How to file amended tax return turbotax Itemized deductions for medical expenses, casualty and theft losses, and certain miscellaneous expenses. How to file amended tax return turbotax Credit for child and dependent care expenses. How to file amended tax return turbotax Child tax credit. How to file amended tax return turbotax Education tax credits. How to file amended tax return turbotax Earned income credit. How to file amended tax return turbotax Penalty for underpayment of estimated tax. How to file amended tax return turbotax   If you make this election for 2013 and did not have enough tax withheld or pay enough estimated tax to cover the tax you owe, you may be subject to a penalty. How to file amended tax return turbotax If you plan to make this election for 2014, you may need to increase your federal income tax withholding or your estimated tax payments to avoid the penalty. How to file amended tax return turbotax See chapter 4 for more information. How to file amended tax return turbotax Figuring Child's Income Use Form 8814, Part I, to figure your child's interest and dividend income to report on your return. How to file amended tax return turbotax Only the amount over $2,000 is added to your income. How to file amended tax return turbotax The amount over $2,000 is shown on Form 8814, line 6. How to file amended tax return turbotax Unless the child's income includes qualified dividends or capital gain distributions (discussed next), the same amount is shown on Form 8814, line 12. How to file amended tax return turbotax Include the amount from Form 8814, line 12, on Form 1040, line 21. How to file amended tax return turbotax Enter “Form 8814” on the dotted line next to line 21. How to file amended tax return turbotax If you file more than one Form 8814, include the total amounts from line 12 of all your Forms 8814 on Form 1040, line 21. How to file amended tax return turbotax Capital gain distributions and qualified dividends. How to file amended tax return turbotax   If your child's dividend income included any capital gain distributions, see Capital gain distributions under Figuring Child's Income in Publication 929, Part 2. How to file amended tax return turbotax If your child's dividend income included any qualified dividends, see Qualified dividends under Figuring Child's Income in Publication 929, Part 2. How to file amended tax return turbotax Figuring Additional Tax Use Form 8814, Part II, to figure the tax on the $2,000 of your child's interest and dividends that you do not include in your income. How to file amended tax return turbotax This tax is added to the tax figured on your income. How to file amended tax return turbotax This additional tax is the smaller of: 10% × (your child's gross income − $1,000), or $100. How to file amended tax return turbotax Include the amount from line 15 of all your Forms 8814 in the total on Form 1040, line 44. How to file amended tax return turbotax Check box a on Form 1040, line 44. How to file amended tax return turbotax Figure 31-A. How to file amended tax return turbotax Can You Include Your Child's Income On Your Tax Return? Please click here for the text description of the image. How to file amended tax return turbotax Figure 31–A. How to file amended tax return turbotax Can You Include Your Child's Income On Your Tax Return? Tax for Certain Children Who Have Unearned Income If a child's interest, dividends, and other unearned income total more than $2,000, part of that income may be taxed at the parent's tax rate instead of the child's tax rate. How to file amended tax return turbotax If the parent does not or cannot choose to include the child's income on the parent's return, use Form 8615 to figure the child's tax. How to file amended tax return turbotax Attach the completed form to the child's Form 1040 or Form 1040A. How to file amended tax return turbotax When Form 8615 must be filed. How to file amended tax return turbotax   Form 8615 must be filed for a child if all of the following statements are true. How to file amended tax return turbotax The child's investment income was more than $2,000. How to file amended tax return turbotax The child is required to file a return for 2013. How to file amended tax return turbotax The child either: Was under age 18 at the end of the year, Was age 18 at the end of the year and did not have earned income that was more than half of his or her support, or Was over age 18 and under age 24 at the end of the year, was a full-time student, and did not have earned income that was more than half of his or her support. How to file amended tax return turbotax At least one of the child's parents was alive at the end of 2013. How to file amended tax return turbotax The child does not file a joint return for 2013. How to file amended tax return turbotax These conditions are also shown in  Figure 31-B. How to file amended tax return turbotax Earned income. How to file amended tax return turbotax   Earned income includes salaries, wages, tips, and other payments received for personal services performed. How to file amended tax return turbotax It does not include unearned income as defined later in this chapter. How to file amended tax return turbotax Support. How to file amended tax return turbotax   Your child's support includes all amounts spent to provide the child with food, lodging, clothing, education, medical and dental care, recreation, transportation, and similar necessities. How to file amended tax return turbotax To figure your child's support, count support provided by you, your child, and others. How to file amended tax return turbotax However, a scholarship received by your child is not considered support if your child is a full-time student. How to file amended tax return turbotax See chapter 3 for details about support. How to file amended tax return turbotax Certain January 1 birthdays. How to file amended tax return turbotax   Use the following chart to determine whether certain children with January 1 birthdays meet condition 3 under When Form 8615 must be filed. How to file amended tax return turbotax Figure 31-B. How to file amended tax return turbotax Do You Have To Use Form 8615 To Figure Your Child's Tax? Please click here for the text description of the image. How to file amended tax return turbotax Figure 31-B. How to file amended tax return turbotax Do You Have To Use Form 8615 To Figure Your Child's Tax?    IF a child was born on. How to file amended tax return turbotax . How to file amended tax return turbotax . How to file amended tax return turbotax THEN, at the end of 2013, the child is considered to be. How to file amended tax return turbotax . How to file amended tax return turbotax . How to file amended tax return turbotax January 1, 1996 18* January 1, 1995 19** January 1, 1990 24*** *This child is not under age 18. How to file amended tax return turbotax The child meets condition 3 only if the child did not have earned income that was more than half of the child's support. How to file amended tax return turbotax  **This child meets condition 3 only if the child was a full-time student who did not have earned income that was more than half of the child's support. How to file amended tax return turbotax  ***Do not use Form 8615 for this child. How to file amended tax return turbotax Providing Parental Information (Form 8615, lines A–C) On Form 8615, lines A and B, enter the parent's name and social security number. How to file amended tax return turbotax (If the parents filed a joint return, enter the name and social security number listed first on the joint return. How to file amended tax return turbotax ) On line C, check the box for the parent's filing status. How to file amended tax return turbotax See Which Parent's Return To Use at the beginning of this chapter for information on which parent's return information must be used on Form 8615. How to file amended tax return turbotax Parent with different tax year. How to file amended tax return turbotax   If the parent and the child do not have the same tax year, complete Form 8615 using the information on the parent's return for the tax year that ends in the child's tax year. How to file amended tax return turbotax Parent's return information not known timely. How to file amended tax return turbotax   If the information needed from the parent's return is not known by the time the child's return is due (usually April 15), you can file the return using estimates. How to file amended tax return turbotax   You can use any reasonable estimate. How to file amended tax return turbotax This includes using information from last year's return. How to file amended tax return turbotax If you use an estimated amount on Form 8615, enter “Estimated” on the line next to the amount. How to file amended tax return turbotax    When you get the correct information, file an amended return on Form 1040X, Amended U. How to file amended tax return turbotax S. How to file amended tax return turbotax Individual Income Tax Return. How to file amended tax return turbotax   Instead of using estimates, you can get an automatic 6-month extension of time to file if, by the date your return is due, you file Form 4868, Application for Automatic Extension of Time To File U. How to file amended tax return turbotax S. How to file amended tax return turbotax Individual Income Tax Return. How to file amended tax return turbotax Extensions are discussed in chapter 1. How to file amended tax return turbotax Step 1. How to file amended tax return turbotax Figuring the Child's Net Unearned Income (Form 8615, Part I) The first step in figuring a child's tax using Form 8615 is to figure the child's net unearned income. How to file amended tax return turbotax To do that, use Form 8615, Part I. How to file amended tax return turbotax Line 1 (unearned income). How to file amended tax return turbotax   If the child had no earned income, enter on this line the adjusted gross income shown on the child's return. How to file amended tax return turbotax Adjusted gross income is shown on Form 1040, line 38, or Form 1040A, line 22. How to file amended tax return turbotax Form 1040EZ cannot be used if Form 8615 must be filed. How to file amended tax return turbotax   If the child had earned income, figure the amount to enter on Form 8615, line 1, by using the worksheet in the instructions for the form. How to file amended tax return turbotax   However, if the child has: excluded any foreign earned income, deducted either a loss from self-employment, or deducted a net operating loss from another year, then use the Alternate Worksheet for Form 8615, Line 1, in Publication 929 to figure the amount to enter on Form 8615, line 1. How to file amended tax return turbotax Unearned income defined. How to file amended tax return turbotax   Unearned income is generally all income other than salaries, wages, and other amounts received as pay for work actually done. How to file amended tax return turbotax It includes taxable interest, dividends (including capital gain distributions), capital gains, unemployment compensation, the taxable part of social security and pension payments, and certain distributions from trusts. How to file amended tax return turbotax Unearned income includes amounts produced by assets the child obtained with earned income (such as interest on a savings account into which the child deposited wages). How to file amended tax return turbotax Nontaxable income. How to file amended tax return turbotax   For this purpose, unearned income includes only amounts the child must include in total income. How to file amended tax return turbotax Nontaxable unearned income, such as tax-exempt interest and the nontaxable part of social security and pension payments, is not included. How to file amended tax return turbotax Income from property received as a gift. How to file amended tax return turbotax   A child's unearned income includes all income produced by property belonging to the child. How to file amended tax return turbotax This is true even if the property was transferred to the child, regardless of when the property was transferred or purchased or who transferred it. How to file amended tax return turbotax   A child's unearned income includes income produced by property given as a gift to the child. How to file amended tax return turbotax This includes gifts to the child from grandparents or any other person and gifts made under the Uniform Gift to Minors Act. How to file amended tax return turbotax Example. How to file amended tax return turbotax Amanda Black, age 13, received the following income. How to file amended tax return turbotax Dividends — $800 Wages — $2,100 Taxable interest — $1,200 Tax-exempt interest — $100 Net capital gains — $100 The dividends were qualified dividends on stock given to her by her grandparents. How to file amended tax return turbotax Amanda's unearned income is $2,100. How to file amended tax return turbotax This is the total of the dividends ($800), taxable interest ($1,200), and net capital gains ($100). How to file amended tax return turbotax Her wages are earned (not unearned) income because they are received for work actually done. How to file amended tax return turbotax Her tax-exempt interest is not included because it is nontaxable. How to file amended tax return turbotax Trust income. How to file amended tax return turbotax   If a child is the beneficiary of a trust, distributions of taxable interest, dividends, capital gains, and other unearned income from the trust are unearned income to the child. How to file amended tax return turbotax   However, for purposes of completing Form 8615, a taxable distribution from a qualified disability trust is considered earned income, not unearned income. How to file amended tax return turbotax Line 2 (deductions). How to file amended tax return turbotax   If the child does not itemize deductions on Schedule A (Form 1040), enter $2,000 on line 2. How to file amended tax return turbotax   If the child does itemize deductions, enter on line 2 the larger of: $1,000 plus the portion of the child's itemized deductions on Schedule A (Form 1040), line 29, that are directly connected with the production of unearned income entered on line 1, or $2,000. How to file amended tax return turbotax Directly connected. How to file amended tax return turbotax   Itemized deductions are directly connected with the production of unearned income if they are for expenses paid to produce or collect taxable income or to manage, conserve, or maintain property held for producing income. How to file amended tax return turbotax These expenses include custodian fees and service charges, service fees to collect taxable interest and dividends, and certain investment counsel fees. How to file amended tax return turbotax   These expenses are added to certain other miscellaneous itemized deductions on Schedule A (Form 1040). How to file amended tax return turbotax Only the amount greater than 2% of the child's adjusted gross income can be deducted. How to file amended tax return turbotax See chapter 28 for more information. How to file amended tax return turbotax Example 1. How to file amended tax return turbotax Roger, age 12, has unearned income of $8,000, no other income, no adjustments to income, and itemized deductions of $300 (net of the 2% limit) that are directly connected with his unearned income. How to file amended tax return turbotax His adjusted gross income is $8,000, which is entered on Form 1040, line 38, and on Form 8615, line 1. How to file amended tax return turbotax Roger enters $2,000 on line 2 because that is more than the total of $1,000 plus his directly connected itemized deductions of $300. How to file amended tax return turbotax Example 2. How to file amended tax return turbotax Eleanor, age 8, has unearned income of $16,000 and an early withdrawal penalty of $100. How to file amended tax return turbotax She has no other income. How to file amended tax return turbotax She has itemized deductions of $1,050 (net of the 2% limit) that are directly connected with the production of her unearned income. How to file amended tax return turbotax Her adjusted gross income, entered on line 1, is $15,900 ($16,000 − $100). How to file amended tax return turbotax The amount on line 2 is $2,050. How to file amended tax return turbotax This is the larger of: $1,000 plus the $1,050 of directly connected itemized deductions, or $2,000. How to file amended tax return turbotax Line 3. How to file amended tax return turbotax   Subtract line 2 from line 1 and enter the result on this line. How to file amended tax return turbotax If zero or less, do not complete the rest of the form. How to file amended tax return turbotax However, you must still attach Form 8615 to the child's tax return. How to file amended tax return turbotax Figure the tax on the child's taxable income in the normal manner. How to file amended tax return turbotax Line 4 (child's taxable income). How to file amended tax return turbotax   Enter on line 4 the child's taxable income from Form 1040, line 43, or Form 1040A, line 27. How to file amended tax return turbotax   However, if the child files Form 2555 or 2555-EZ to claim the foreign earned income exclusion, housing exclusion, or housing deduction, see the Form 8615 instructions or Pub. How to file amended tax return turbotax 929. How to file amended tax return turbotax Line 5 (net unearned income). How to file amended tax return turbotax   A child's net unearned income cannot be more than his or her taxable income. How to file amended tax return turbotax Enter on Form 8615, line 5, the smaller of line 3 or line 4. How to file amended tax return turbotax This is the child's net unearned income. How to file amended tax return turbotax   If zero or less, do not complete the rest of the form. How to file amended tax return turbotax However, you must still attach Form 8615 to the child's tax return. How to file amended tax return turbotax Figure the tax on the child's taxable income in the normal manner. How to file amended tax return turbotax Step 2. How to file amended tax return turbotax Figuring Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) The next step in completing Form 8615 is to figure a tentative tax on the child's net unearned income at the parent's tax rate. How to file amended tax return turbotax The tentative tax at the parent's tax rate is the difference between the tax on the parent's taxable income figured with the child's net unearned income (plus the net unearned income of any other child whose Form 8615 includes the tax return information of that parent) and the tax figured without it. How to file amended tax return turbotax When figuring the tentative tax at the parent's tax rate on Form 8615, do not refigure any of the exclusions, deductions, or credits on the parent's return because of the child's net unearned income. How to file amended tax return turbotax For example, do not refigure the medical expense deduction. How to file amended tax return turbotax Figure the tentative tax on Form 8615, lines 6 through 13. How to file amended tax return turbotax Note. How to file amended tax return turbotax If the child or parent has any capital gains or losses, get Publication 929 for help in completing Form 8615, Part II. How to file amended tax return turbotax Line 6 (parent's taxable income). How to file amended tax return turbotax   Enter on line 6 the parent's taxable income from Form 1040, line 43, Form 1040A, line 27, or Form 1040EZ, line 6. How to file amended tax return turbotax   If the Foreign Earned Income Tax Worksheet (in the Form 1040 instructions) was used to figure the parent's tax, enter the amount from line 3 of that worksheet instead of the parent's taxable income. How to file amended tax return turbotax Line 7 (net unearned income of other children). How to file amended tax return turbotax   If the tax return information of the parent is also used on any other child's Form 8615, enter on line 7 the total of the amounts from line 5 of all the other children's Forms 8615. How to file amended tax return turbotax Do not include the amount from line 5 of the Form 8615 being completed. How to file amended tax return turbotax Example. How to file amended tax return turbotax Paul and Jane Persimmon have three children, Sharon, Jerry, and Mike, who must attach Form 8615 to their tax returns. How to file amended tax return turbotax The children's net unearned income amounts on line 5 of their Forms 8615 are: Sharon — $800 Jerry — $600 Mike — $1,000 Line 7 of Sharon's Form 8615 will show $1,600, the total of the amounts on line 5 of Jerry's and Mike's Forms 8615. How to file amended tax return turbotax Line 7 of Jerry's Form 8615 will show $1,800 ($800 + $1,000). How to file amended tax return turbotax Line 7 of Mike's Form 8615 will show $1,400 ($800 + $600). How to file amended tax return turbotax Other children's information not available. How to file amended tax return turbotax   If the net unearned income of the other children is not available when the return is due, either file the return using estimates or get an extension of time to file. How to file amended tax return turbotax See Parent's return information not known timely , earlier. How to file amended tax return turbotax Line 11 (tentative tax). How to file amended tax return turbotax   Subtract line 10 from line 9 and enter the result on this line. How to file amended tax return turbotax This is the tentative tax. How to file amended tax return turbotax   If line 7 is blank, skip lines 12a and 12b and enter the amount from line 11 on line 13. How to file amended tax return turbotax Also skip the discussion for lines 12a and 12b that follows. How to file amended tax return turbotax Lines 12a and 12b (dividing the tentative tax). How to file amended tax return turbotax   If an amount is entered on line 7, divide the tentative tax shown on line 11 among the children according to each child's share of the total net unearned income. How to file amended tax return turbotax This is done on lines 12a, 12b, and 13. How to file amended tax return turbotax Add the amount on line 7 to the amount on line 5 and enter the total on line 12a. How to file amended tax return turbotax Divide the amount on line 5 by the amount on line 12a and enter the result, as a decimal, on line 12b. How to file amended tax return turbotax Example. How to file amended tax return turbotax In the earlier example under Line 7 (net unearned income of other children), Sharon's Form 8615 shows $1,600 on line 7. How to file amended tax return turbotax The amount entered on line 12a is $2,400, the total of the amounts on lines 5 and 7 ($800 + $1,600). How to file amended tax return turbotax The decimal on line 12b is  . How to file amended tax return turbotax 333, figured as follows and rounded to three places. How to file amended tax return turbotax   $800 = . How to file amended tax return turbotax 333     $2,400   Step 3. How to file amended tax return turbotax Figuring the Child's Tax (Form 8615, Part III) The final step in figuring a child's tax using Form 8615 is to determine the larger of: The total of: The child's share of the tentative tax based on the parent's tax rate, plus The tax on the child's taxable income in excess of net unearned income, figured at the child's tax rate, or The tax on the child's taxable income, figured at the child's tax rate. How to file amended tax return turbotax This is the child's tax. How to file amended tax return turbotax It is figured on Form 8615, lines 14 through 18. How to file amended tax return turbotax Alternative minimum tax. How to file amended tax return turbotax   A child may be subject to alternative minimum tax (AMT) if he or she has certain items given preferential treatment under the tax law. How to file amended tax return turbotax See Alternative Minimum Tax (AMT) in chapter 30. How to file amended tax return turbotax    For more information on who is liable for AMT and how to figure it, see Form 6251, Alternative Minimum Tax—Individuals. How to file amended tax return turbotax For information on special limits that apply to a child who files Form 6251, see Certain Children Under Age 24 in the Instructions for Form 6251. How to file amended tax return turbotax Prev  Up  Next   Home   More Online Publications