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

Irs Form 1040 Ez

Free State Tax On LineFiling 1040nrezH&r Block Free Tax ReturnsE File 1040x FreeTurbo Tax Amended Return2011 Tax TablesFile Taxes Online For FreeIrs FormsMypay GovFree Filing State Income Tax2010 Irs Form 1040Free State Tax Filing Turbotax CodeForm 1040-ez 2013My 1040ezFile Taxes For 2010 Online Free2011 Irs FormsDo State TaxesHow To File 1040x Online1040ez Online Tax Return1040nr Tax ReturnsTaxact Login Tax Return2012 Tax Return2011 Taxact OnlineTurbo Tax AmmendH And R Block Amended Return2012 Irs Income Tax Forms1040ez Worksheet Line F1040ez FileWww Irs Gov Efile 941How To Make A Tax AmendmentHow To File 2011 TaxesState Tax Online FilingE File ExtensionState Income Tax RatesHow Do I File Taxes For 20101042nr EzH&r Block 2011 TaxesShort Form Tax ReturnHow Do I File Self Employment TaxesHow To File 2011 Taxes Online For Free

Irs Form 1040 Ez

Irs form 1040 ez 1. Irs form 1040 ez   Investment Income Table of Contents Topics - This chapter discusses: Useful Items - You may want to see: General InformationSSN for joint account. Irs form 1040 ez Custodian account for your child. Irs form 1040 ez Penalty for failure to supply SSN. Irs form 1040 ez Certification. Irs form 1040 ez Underreported interest and dividends. Irs form 1040 ez How to stop backup withholding due to underreporting. Irs form 1040 ez How to stop backup withholding due to an incorrect identification number. Irs form 1040 ez Reporting backup withholding. Irs form 1040 ez Nonresident aliens. Irs form 1040 ez Penalties. Irs form 1040 ez Savings account with parent as trustee. Irs form 1040 ez Interest IncomeInterest not reported on Form 1099-INT. Irs form 1040 ez Nominees. Irs form 1040 ez Incorrect amount. Irs form 1040 ez Information reporting requirement. Irs form 1040 ez Taxable Interest — General Below-Market Loans U. Irs form 1040 ez S. Irs form 1040 ez Savings Bonds U. Irs form 1040 ez S. Irs form 1040 ez Treasury Bills, Notes, and Bonds Bonds Sold Between Interest Dates Insurance State or Local Government Obligations Discount on Debt InstrumentsOriginal Issue Discount (OID) Market Discount Bonds Discount on Short-Term Obligations Election To Report All Interest as OID When To Report Interest IncomeConstructive receipt. Irs form 1040 ez How To Report Interest IncomeSchedule B (Form 1040A or 1040). Irs form 1040 ez Worksheet for savings bonds distributed from a retirement or profit-sharing plan. Irs form 1040 ez File Form 1099-INT with the IRS. Irs form 1040 ez Dividends and Other DistributionsDividends not reported on Form 1099-DIV. Irs form 1040 ez Nominees. Irs form 1040 ez Ordinary Dividends Capital Gain Distributions Nondividend Distributions Liquidating Distributions Distributions of Stock and Stock Rights Other Distributions How To Report Dividend IncomeElection. Irs form 1040 ez Independent contractor. Irs form 1040 ez Investment interest deducted. Irs form 1040 ez Exception 1. Irs form 1040 ez Exception 2. Irs form 1040 ez Undistributed capital gains. Irs form 1040 ez File Form 1099-DIV with the IRS. Irs form 1040 ez Stripped Preferred Stock REMICs, FASITs, and Other CDOsREMICs Collateralized Debt Obligations (CDOs) FASITs S CorporationsLimit on losses and deductions. Irs form 1040 ez Passive activity losses. Irs form 1040 ez Form 8582. Irs form 1040 ez Investment ClubsInvestments in name of member. Irs form 1040 ez Tax Treatment of the Club Topics - This chapter discusses: Interest Income , Discount on Debt Instruments , When To Report Interest Income , How To Report Interest Income , Dividends and Other Distributions , How To Report Dividend Income , Stripped Preferred Stock , Real estate mortgage investment conduits (REMICs), financial asset securitization investment trusts (FASITs), and other collateralized debt obligations (CDOs) , S Corporations , and Investment Clubs . Irs form 1040 ez Useful Items - You may want to see: Publication 525 Taxable and Nontaxable Income 537 Installment Sales 590 Individual Retirement Arrangements (IRAs) 925 Passive Activity and At-Risk Rules 1212 Guide to Original Issue Discount (OID) Instruments Form (and Instructions) Schedule B (Form 1040A or 1040) Interest and Ordinary Dividends Schedule D (Form 1040) Capital Gains and Losses 1040 U. Irs form 1040 ez S. Irs form 1040 ez Individual Income Tax Return 1040A U. Irs form 1040 ez S. Irs form 1040 ez Individual Income Tax Return 1040EZ Income Tax Return for Single and Joint Filers With No Dependents 1099 General Instructions for Certain Information Returns 2439 Notice to Shareholder of Undistributed Long-Term Capital Gains 3115 Application for Change in Accounting Method 6251 Alternative Minimum Tax — Individuals 8582 Passive Activity Loss Limitations 8615 Tax for Certain Children Who Have Unearned Income 8814 Parents' Election To Report Child's Interest and Dividends 8815 Exclusion of Interest From Series EE and I U. Irs form 1040 ez S. Irs form 1040 ez Savings Bonds Issued After 1989 8818 Optional Form To Record Redemption of Series EE and I U. Irs form 1040 ez S. Irs form 1040 ez Savings Bonds Issued After 1989 8824 Like-Kind Exchanges 8949 Sales and Other Dispositions of Capital Assets 8960 Net Investment Income Tax—Individuals, Estates, and Trusts See chapter 5, How To Get Tax Help , for information about getting these publications and forms. Irs form 1040 ez General Information A few items of general interest are covered here. Irs form 1040 ez Recordkeeping. Irs form 1040 ez You should keep a list showing sources and investment income amounts you receive during the year. Irs form 1040 ez Also keep the forms you receive showing your investment income (Forms 1099-INT, Interest Income, and 1099-DIV, Dividends and Distributions, for example) as an important part of your records. Irs form 1040 ez Net investment income tax (NIIT). Irs form 1040 ez   Beginning in 2013, you may be subject to the NIIT. Irs form 1040 ez The NIIT is a 3. Irs form 1040 ez 8% tax on the lesser of your net investment income or the amount of your modified adjusted gross income (MAGI) that is over a threshold amount based on your filing status. Irs form 1040 ez    Filing Status Threshold Amount Married filing jointly $250,000 Married filing separately $125,000 Single $200,000 Head of household (with qualifying person) $200,000 Qualifying Widow(er) with dependent child $250,000    For more information, see Form 8960 and Instructions for Form 8960. Irs form 1040 ez Tax on unearned income of certain children. Irs form 1040 ez   Part of a child's 2013 unearned income may be taxed at the parent's tax rate. Irs form 1040 ez This may happen if all of the following are true. Irs form 1040 ez The child had more than $2,000 of unearned income. Irs form 1040 ez The child is required to file a tax return. Irs form 1040 ez The child was: Under age 18 at the end of 2013, Age 18 at the end of 2013 and did not have earned income that was more than half of the child's support, or A full-time student over age 18 and under age 24 at the end of 2013 and did not have earned income that was more than half of the child's support. Irs form 1040 ez At least one of the child's parents was alive at the end of 2013. Irs form 1040 ez The child does not file a joint return for 2013. Irs form 1040 ez A child born on January 1, 1996, is considered to be age 18 at the end of 2013; a child born on January 1, 1995, is considered to be age 19 at the end of 2013; a child born on January 1, 1990, is considered to be age 24 at the end of 2013. Irs form 1040 ez   If all of these statements are true, Form 8615 must be completed and attached to the child's tax return. Irs form 1040 ez If any of these statements is not true, Form 8615 is not required and the child's income is taxed at his or her own tax rate. Irs form 1040 ez    However, the parent can choose to include the child's interest and dividends on the parent's return if certain requirements are met. Irs form 1040 ez Use Form 8814 for this purpose. Irs form 1040 ez   For more information about the tax on unearned income of children and the parents' election, see Publication 929, Tax Rules for Children and Dependents. Irs form 1040 ez Beneficiary of an estate or trust. Irs form 1040 ez   Interest, dividends, and other investment income you receive as a beneficiary of an estate or trust is generally taxable income. Irs form 1040 ez You should receive a Schedule K-1 (Form 1041), Beneficiary's Share of Income, Deductions, Credits, etc. Irs form 1040 ez , from the fiduciary. Irs form 1040 ez Your copy of Schedule K-1 (Form 1041) and its instructions will tell you where to report the income on your Form 1040. Irs form 1040 ez Social security number (SSN). Irs form 1040 ez   You must give your name and SSN or individual tax identification number (ITIN) to any person required by federal tax law to make a return, statement, or other document that relates to you. Irs form 1040 ez This includes payers of interest and dividends. Irs form 1040 ez If you do not give your SSN or ITIN to the payer of interest, you may have to pay a penalty. Irs form 1040 ez SSN for joint account. Irs form 1040 ez   If the funds in a joint account belong to one person, list that person's name first on the account and give that person's SSN to the payer. Irs form 1040 ez (For information on who owns the funds in a joint account, see Joint accounts , later. Irs form 1040 ez ) If the joint account contains combined funds, give the SSN of the person whose name is listed first on the account. Irs form 1040 ez This is because only one name and SSN can be shown on Form 1099. Irs form 1040 ez   These rules apply both to joint ownership by a married couple and to joint ownership by other individuals. Irs form 1040 ez For example, if you open a joint savings account with your child using funds belonging to the child, list the child's name first on the account and give the child's SSN. Irs form 1040 ez Custodian account for your child. Irs form 1040 ez   If your child is the actual owner of an account that is recorded in your name as custodian for the child, give the child's SSN to the payer. Irs form 1040 ez For example, you must give your child's SSN to the payer of dividends on stock owned by your child, even though the dividends are paid to you as custodian. Irs form 1040 ez Penalty for failure to supply SSN. Irs form 1040 ez   You will be subject to a penalty if, when required, you fail to: Include your SSN on any return, statement, or other document, Give your SSN to another person who must include it on any return, statement, or other document, or Include the SSN of another person on any return, statement, or other document. Irs form 1040 ez The penalty is $50 for each failure up to a maximum penalty of $100,000 for any calendar year. Irs form 1040 ez   You will not be subject to this penalty if you can show that your failure to provide the SSN was due to reasonable cause and not to willful neglect. Irs form 1040 ez   If you fail to supply an SSN, you may also be subject to backup withholding. Irs form 1040 ez Backup withholding. Irs form 1040 ez   Your investment income is generally not subject to regular withholding. Irs form 1040 ez However, it may be subject to backup withholding to ensure that income tax is collected on the income. Irs form 1040 ez Under backup withholding, the bank, broker, or other payer of interest, original issue discount (OID), dividends, cash patronage dividends, or royalties must withhold, as income tax, on the amount you are paid, applying the appropriate withholding rate. Irs form 1040 ez   Backup withholding applies if: You do not give the payer your identification number (either a social security number or an employer identification number) in the required manner, The IRS notifies the payer that you gave an incorrect identification number, The IRS notifies the payer that you are subject to backup withholding on interest or dividends because you have underreported interest or dividends on your income tax return, or You are required, but fail, to certify that you are not subject to backup withholding for the reason described in (3). Irs form 1040 ez Certification. Irs form 1040 ez   For new accounts paying interest or dividends, you must certify under penalties of perjury that your SSN is correct and that you are not subject to backup withholding. Irs form 1040 ez Your payer will give you a Form W-9, Request for Taxpayer Identification Number and Certification, or similar form, to make this certification. Irs form 1040 ez If you fail to make this certification, backup withholding may begin immediately on your new account or investment. Irs form 1040 ez Underreported interest and dividends. Irs form 1040 ez   You will be considered to have underreported your interest and dividends if the IRS has determined for a tax year that: You failed to include any part of a reportable interest or dividend payment required to be shown on your return, or You were required to file a return and to include a reportable interest or dividend payment on that return, but you failed to file the return. Irs form 1040 ez How to stop backup withholding due to underreporting. Irs form 1040 ez   If you have been notified that you underreported interest or dividends, you can request a determination from the IRS to prevent backup withholding from starting or to stop backup withholding once it has begun. Irs form 1040 ez You must show that at least one of the following situations applies. Irs form 1040 ez No underreporting occurred. Irs form 1040 ez You have a bona fide dispute with the IRS about whether underreporting occurred. Irs form 1040 ez Backup withholding will cause or is causing an undue hardship, and it is unlikely that you will underreport interest and dividends in the future. Irs form 1040 ez You have corrected the underreporting by filing a return if you did not previously file one and by paying all taxes, penalties, and interest due for any underreported interest or dividend payments. Irs form 1040 ez   If the IRS determines that backup withholding should stop, it will provide you with a certification and will notify the payers who were sent notices earlier. Irs form 1040 ez How to stop backup withholding due to an incorrect identification number. Irs form 1040 ez   If you have been notified by a payer that you are subject to backup withholding because you have provided an incorrect SSN or employer identification number, you can stop it by following the instructions the payer gives you. Irs form 1040 ez Reporting backup withholding. Irs form 1040 ez   If backup withholding is deducted from your interest or dividend income or other reportable payment, the bank or other business must give you an information return for the year (for example, a Form 1099-INT) indicating the amount withheld. Irs form 1040 ez The information return will show any backup withholding as “Federal income tax withheld. Irs form 1040 ez ” Nonresident aliens. Irs form 1040 ez    Generally, payments made to nonresident aliens are not subject to backup withholding. Irs form 1040 ez You can use Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding, to certify exempt status. Irs form 1040 ez However, this does not exempt you from the 30% (or lower treaty) withholding rate that may apply to your investment income. Irs form 1040 ez For information on the 30% rate, see Publication 519, U. Irs form 1040 ez S. Irs form 1040 ez Tax Guide for Aliens. Irs form 1040 ez Penalties. Irs form 1040 ez   There are civil and criminal penalties for giving false information to avoid backup withholding. Irs form 1040 ez The civil penalty is $500. Irs form 1040 ez The criminal penalty, upon conviction, is a fine of up to $1,000, or imprisonment of up to 1 year, or both. Irs form 1040 ez Where to report investment income. Irs form 1040 ez   Table 1-1 gives an overview of the forms and schedules to use to report some common types of investment income. Irs form 1040 ez But see the rest of this publication for detailed information about reporting investment income. Irs form 1040 ez Joint accounts. Irs form 1040 ez   If two or more persons hold property (such as a savings account, bond, or stock) as joint tenants, tenants by the entirety, or tenants in common, each person's share of any interest or dividends from the property is determined by local law. Irs form 1040 ez Community property states. Irs form 1040 ez   If you are married and receive a distribution that is community income, one-half of the distribution is generally considered to be received by each spouse. Irs form 1040 ez If you file separate returns, you must each report one-half of any taxable distribution. Irs form 1040 ez See Publication 555, Community Property, for more information on community income. Irs form 1040 ez   If the distribution is not considered community property and you and your spouse file separate returns, each of you must report your separate taxable distributions. Irs form 1040 ez Example. Irs form 1040 ez You and your spouse have a joint money market account. Irs form 1040 ez Under state law, half the income from the account belongs to you, and half belongs to your spouse. Irs form 1040 ez If you file separate returns, you each report half the income. Irs form 1040 ez Income from property given to a child. Irs form 1040 ez   Property you give as a parent to your child under the Model Gifts of Securities to Minors Act, the Uniform Gifts to Minors Act, or any similar law becomes the child's property. Irs form 1040 ez   Income from the property is taxable to the child, except that any part used to satisfy a legal obligation to support the child is taxable to the parent or guardian having that legal obligation. Irs form 1040 ez Savings account with parent as trustee. Irs form 1040 ez   Interest income from a savings account opened for a minor child, but placed in the name and subject to the order of the parents as trustees, is taxable to the child if, under the law of the state in which the child resides, both of the following are true. Irs form 1040 ez The savings account legally belongs to the child. Irs form 1040 ez The parents are not legally permitted to use any of the funds to support the child. Irs form 1040 ez Table 1-1. Irs form 1040 ez Where To Report Common Types of Investment Income (For detailed information about reporting investment income, see the rest of this publication, especially How To Report Interest Income and How To Report Dividend Income in chapter 1. Irs form 1040 ez ) Type of Income If you file Form 1040, report on . Irs form 1040 ez . Irs form 1040 ez . Irs form 1040 ez If you can file Form 1040A, report on . Irs form 1040 ez . Irs form 1040 ez . Irs form 1040 ez If you can file Form 1040EZ, report on . Irs form 1040 ez . Irs form 1040 ez . Irs form 1040 ez Tax-exempt interest (Form 1099-INT, box 8) Line 8b Line 8b Space to the left of line 2 (enter “TEI” and the amount) Taxable interest that totals $1,500 or less Line 8a (You may need to file Schedule B as well. Irs form 1040 ez ) Line 8a (You may need to file Schedule B as well. Irs form 1040 ez ) Line 2 Taxable interest that totals more than $1,500 Line 8a; also use Schedule B, line 1 Line 8a; also use Schedule B, line 1   Savings bond interest you will exclude because of higher education expenses Schedule B; also use Form 8815 Schedule B; also use Form 8815   Ordinary dividends that total $1,500 or less Line 9a (You may need to file Schedule B as well. Irs form 1040 ez ) Line 9a (You may need to file Schedule B as well. Irs form 1040 ez )   Ordinary dividends that total more than $1,500 Line 9a; also use Schedule B, line 5 Line 9a; also use Schedule B, line 5   Qualified dividends (if you do not have to file Schedule D) Line 9b; also use the Qualified Dividends and Capital Gain Tax Worksheet, line 2 Line 9b; also use the Qualified Dividends and Capital Gain Tax Worksheet, line 2   Qualified dividends (if you have to file Schedule D) Line 9b; also use the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet, line 2 You cannot use Form 1040A    You cannot use Form 1040EZ Capital gain distributions (if you do not have to file Schedule D) Line 13; also use the Qualified Dividends and Capital Gain Tax Worksheet, line 3 Line 10; also use the Qualified Dividends and Capital Gain Tax Worksheet, line 3   Capital gain distributions (if you have to file Schedule D) Schedule D, line 13; also use the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet     Section 1250, 1202, or collectibles gain (Form 1099-DIV, box 2b, 2c, or 2d) Form 8949 and Schedule D     Nondividend distributions (Form 1099-DIV, box 3) Generally not reported*     Undistributed capital gains (Form 2439, boxes 1a - 1d) Schedule D     Gain or loss from sales of stocks or bonds Line 13; also use Form 8949, Schedule D, and the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet You cannot use Form 1040A   Gain or loss from exchanges of like-kind investment property Line 13; also use Schedule D, Form 8824, and the Qualified Dividends and Capital Gain Tax Worksheet or the Schedule D Tax Worksheet     *Report any amounts in excess of your basis in your mutual fund shares on Form 8949. Irs form 1040 ez Use Part II if you held the shares more than 1 year. Irs form 1040 ez Use Part I if you held your mutual fund shares 1 year or less. Irs form 1040 ez For details on Form 8949, see Reporting Capital Gains and Losses in chapter 4, and the Instructions for Form 8949. Irs form 1040 ez Accuracy-related penalty. Irs form 1040 ez   An accuracy-related penalty of 20% can be charged for underpayments of tax due to negligence or disregard of rules or regulations or substantial understatement of tax. Irs form 1040 ez For information on the penalty and any interest that applies, see Penalties in chapter 2. Irs form 1040 ez Interest Income This section discusses the tax treatment of different types of interest income. Irs form 1040 ez In general, any interest that you receive or that is credited to your account and can be withdrawn is taxable income. Irs form 1040 ez (It does not have to be entered in your passbook. Irs form 1040 ez ) Exceptions to this rule are discussed later. Irs form 1040 ez Form 1099-INT. Irs form 1040 ez   Interest income is generally reported to you on Form 1099-INT, or a similar statement, by banks, savings and loans, and other payers of interest. Irs form 1040 ez This form shows you the interest you received during the year. Irs form 1040 ez Keep this form for your records. Irs form 1040 ez You do not have to attach it to your tax return. Irs form 1040 ez   Report on your tax return the total interest income you receive for the tax year. Irs form 1040 ez Interest not reported on Form 1099-INT. Irs form 1040 ez   Even if you do not receive Form 1099-INT, you must still report all of your interest income. Irs form 1040 ez For example, you may receive distributive shares of interest from partnerships or S corporations. Irs form 1040 ez This interest is reported to you on Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc. Irs form 1040 ez , and Schedule K-1 (Form 1120S), Shareholder's Share of Income, Deductions, Credits, etc. Irs form 1040 ez Nominees. Irs form 1040 ez   Generally, if someone receives interest as a nominee for you, that person must give you a Form 1099-INT showing the interest received on your behalf. Irs form 1040 ez   If you receive a Form 1099-INT that includes amounts belonging to another person, see the discussion on Nominee distributions , later, under How To Report Interest Income. Irs form 1040 ez Incorrect amount. Irs form 1040 ez   If you receive a Form 1099-INT that shows an incorrect amount (or other incorrect information), you should ask the issuer for a corrected form. Irs form 1040 ez The new Form 1099-INT you receive will be marked “Corrected. Irs form 1040 ez ” Form 1099-OID. Irs form 1040 ez   Reportable interest income also may be shown on Form 1099-OID, Original Issue Discount. Irs form 1040 ez For more information about amounts shown on this form, see Original Issue Discount (OID) , later in this chapter. Irs form 1040 ez Exempt-interest dividends. Irs form 1040 ez   Exempt-interest dividends you receive from a mutual fund or other regulated investment company, including those received from a qualified fund of funds in any tax year beginning after December 22, 2010, are not included in your taxable income. Irs form 1040 ez (However, see Information reporting requirement , next. Irs form 1040 ez ) Exempt-interest dividends should be shown in box 10 of Form 1099-DIV. Irs form 1040 ez You do not reduce your basis for distributions that are exempt-interest dividends. Irs form 1040 ez Information reporting requirement. Irs form 1040 ez   Although exempt-interest dividends are not taxable, you must show them on your tax return if you have to file. Irs form 1040 ez This is an information reporting requirement and does not change the exempt-interest dividends into taxable income. Irs form 1040 ez See How To Report Interest Income , later. Irs form 1040 ez Note. Irs form 1040 ez Exempt-interest dividends paid from specified private activity bonds may be subject to the alternative minimum tax. Irs form 1040 ez The exempt-interest dividends subject to the alternative minimum tax are shown in box 11 of Form 1099-DIV. Irs form 1040 ez See Form 6251 and its instructions for more information about this tax. Irs form 1040 ez Private activity bonds are discussed later under State or Local Government Obligations. Irs form 1040 ez Interest on VA dividends. Irs form 1040 ez   Interest on insurance dividends left on deposit with the Department of Veterans Affairs (VA) is not taxable. Irs form 1040 ez This includes interest paid on dividends on converted United States Government Life Insurance policies and on National Service Life Insurance policies. Irs form 1040 ez Individual retirement arrangements (IRAs). Irs form 1040 ez   Interest on a Roth IRA generally is not taxable. Irs form 1040 ez Interest on a traditional IRA is tax deferred. Irs form 1040 ez You generally do not include it in your income until you make withdrawals from the IRA. Irs form 1040 ez See Publication 590 for more information. Irs form 1040 ez Taxable Interest — General Taxable interest includes interest you receive from bank accounts, loans you make to others, and other sources. Irs form 1040 ez The following are some sources of taxable interest. Irs form 1040 ez Dividends that are actually interest. Irs form 1040 ez   Certain distributions commonly called dividends are actually interest. Irs form 1040 ez You must report as interest so-called “dividends” on deposits or on share accounts in: Cooperative banks, Credit unions, Domestic building and loan associations, Domestic savings and loan associations, Federal savings and loan associations, and Mutual savings banks. Irs form 1040 ez  The “dividends” will be shown as interest income on Form 1099-INT. Irs form 1040 ez Money market funds. Irs form 1040 ez   Money market funds are offered by nonbank financial institutions such as mutual funds and stock brokerage houses, and pay dividends. Irs form 1040 ez Generally, amounts you receive from money market funds should be reported as dividends, not as interest. Irs form 1040 ez Certificates of deposit and other deferred interest accounts. Irs form 1040 ez   If you open any of these accounts, interest may be paid at fixed intervals of 1 year or less during the term of the account. Irs form 1040 ez You generally must include this interest in your income when you actually receive it or are entitled to receive it without paying a substantial penalty. Irs form 1040 ez The same is true for accounts that mature in 1 year or less and pay interest in a single payment at maturity. Irs form 1040 ez If interest is deferred for more than 1 year, see Original Issue Discount (OID) , later. Irs form 1040 ez Interest subject to penalty for early withdrawal. Irs form 1040 ez   If you withdraw funds from a deferred interest account before maturity, you may have to pay a penalty. Irs form 1040 ez You must report the total amount of interest paid or credited to your account during the year, without subtracting the penalty. Irs form 1040 ez See Penalty on early withdrawal of savings under How To Report Interest Income, later, for more information on how to report the interest and deduct the penalty. Irs form 1040 ez Money borrowed to invest in certificate of deposit. Irs form 1040 ez   The interest you pay on money borrowed from a bank or savings institution to meet the minimum deposit required for a certificate of deposit from the institution and the interest you earn on the certificate are two separate items. Irs form 1040 ez You must report the total interest you earn on the certificate in your income. Irs form 1040 ez If you itemize deductions, you can deduct the interest you pay as investment interest, up to the amount of your net investment income. Irs form 1040 ez See Interest Expenses in chapter 3. Irs form 1040 ez Example. Irs form 1040 ez You deposited $5,000 with a bank and borrowed $5,000 from the bank to make up the $10,000 minimum deposit required to buy a 6-month certificate of deposit. Irs form 1040 ez The certificate earned $575 at maturity in 2013, but you received only $265, which represented the $575 you earned minus $310 interest charged on your $5,000 loan. Irs form 1040 ez The bank gives you a Form 1099-INT for 2013 showing the $575 interest you earned. Irs form 1040 ez The bank also gives you a statement showing that you paid $310 interest for 2013. Irs form 1040 ez You must include the $575 in your income. Irs form 1040 ez If you itemize your deductions on Schedule A (Form 1040), Itemized Deductions, you can deduct $310, subject to the net investment income limit. Irs form 1040 ez Gift for opening account. Irs form 1040 ez   If you receive noncash gifts or services for making deposits or for opening an account in a savings institution, you may have to report the value as interest. Irs form 1040 ez   For deposits of less than $5,000, gifts or services valued at more than $10 must be reported as interest. Irs form 1040 ez For deposits of $5,000 or more, gifts or services valued at more than $20 must be reported as interest. Irs form 1040 ez The value is determined by the cost to the financial institution. Irs form 1040 ez Example. Irs form 1040 ez You open a savings account at your local bank and deposit $800. Irs form 1040 ez The account earns $20 interest. Irs form 1040 ez You also receive a $15 calculator. Irs form 1040 ez If no other interest is credited to your account during the year, the Form 1099-INT you receive will show $35 interest for the year. Irs form 1040 ez You must report $35 interest income on your tax return. Irs form 1040 ez Interest on insurance dividends. Irs form 1040 ez   Interest on insurance dividends left on deposit with an insurance company that can be withdrawn annually is taxable to you in the year it is credited to your account. Irs form 1040 ez However, if you can withdraw it only on the anniversary date of the policy (or other specified date), the interest is taxable in the year that date occurs. Irs form 1040 ez Prepaid insurance premiums. Irs form 1040 ez   Any increase in the value of prepaid insurance premiums, advance premiums, or premium deposit funds is interest if it is applied to the payment of premiums due on insurance policies or made available for you to withdraw. Irs form 1040 ez U. Irs form 1040 ez S. Irs form 1040 ez obligations. Irs form 1040 ez   Interest on U. Irs form 1040 ez S. Irs form 1040 ez obligations, such as U. Irs form 1040 ez S. Irs form 1040 ez Treasury bills, notes, and bonds, issued by any agency or instrumentality of the United States is taxable for federal income tax purposes. Irs form 1040 ez Interest on tax refunds. Irs form 1040 ez   Interest you receive on tax refunds is taxable income. Irs form 1040 ez Interest on condemnation award. Irs form 1040 ez   If the condemning authority pays you interest to compensate you for a delay in payment of an award, the interest is taxable. Irs form 1040 ez Installment sale payments. Irs form 1040 ez   If a contract for the sale or exchange of property provides for deferred payments, it also usually provides for interest payable with the deferred payments. Irs form 1040 ez That interest is taxable when you receive it. Irs form 1040 ez If little or no interest is provided for in a deferred payment contract, part of each payment may be treated as interest. Irs form 1040 ez See Unstated Interest and Original Issue Discount (OID) in Publication 537. Irs form 1040 ez Interest on annuity contract. Irs form 1040 ez   Accumulated interest on an annuity contract you sell before its maturity date is taxable. Irs form 1040 ez Usurious interest. Irs form 1040 ez   Usurious interest is interest charged at an illegal rate. Irs form 1040 ez This is taxable as interest unless state law automatically changes it to a payment on the principal. Irs form 1040 ez Interest income on frozen deposits. Irs form 1040 ez   Exclude from your gross income interest on frozen deposits. Irs form 1040 ez A deposit is frozen if, at the end of the year, you cannot withdraw any part of the deposit because: The financial institution is bankrupt or insolvent, or The state in which the institution is located has placed limits on withdrawals because other financial institutions in the state are bankrupt or insolvent. Irs form 1040 ez   The amount of interest you must exclude is the interest that was credited on the frozen deposits minus the sum of: The net amount you withdrew from these deposits during the year, and The amount you could have withdrawn as of the end of the year (not reduced by any penalty for premature withdrawals of a time deposit). Irs form 1040 ez If you receive a Form 1099-INT for interest income on deposits that were frozen at the end of 2013, see Frozen deposits under How To Report Interest Income for information about reporting this interest income exclusion on your tax return. Irs form 1040 ez   The interest you exclude is treated as credited to your account in the following year. Irs form 1040 ez You must include it in income in the year you can withdraw it. Irs form 1040 ez Example. Irs form 1040 ez $100 of interest was credited on your frozen deposit during the year. Irs form 1040 ez You withdrew $80 but could not withdraw any more as of the end of the year. Irs form 1040 ez You must include $80 in your income and exclude $20 from your income for the year. Irs form 1040 ez You must include the $20 in your income for the year you can withdraw it. Irs form 1040 ez Bonds traded flat. Irs form 1040 ez    If you buy a bond at a discount when interest has been defaulted or when the interest has accrued but has not been paid, the transaction is described as trading a bond flat. Irs form 1040 ez The defaulted or unpaid interest is not income and is not taxable as interest if paid later. Irs form 1040 ez When you receive a payment of that interest, it is a return of capital that reduces the remaining cost basis of your bond. Irs form 1040 ez Interest that accrues after the date of purchase, however, is taxable interest income for the year received or accrued. Irs form 1040 ez See Bonds Sold Between Interest Dates , later in this chapter. Irs form 1040 ez Below-Market Loans If you make a below-market gift or demand loan, you must report as interest income any forgone interest (defined later) from that loan. Irs form 1040 ez The below-market loan rules and exceptions are described in this section. Irs form 1040 ez For more information, see section 7872 of the Internal Revenue Code and its regulations. Irs form 1040 ez If you receive a below-market loan, you may be able to deduct the forgone interest as well as any interest you actually paid, but not if it is personal interest. Irs form 1040 ez Loans subject to the rules. Irs form 1040 ez   The rules for below-market loans apply to: Gift loans, Pay-related loans, Corporation-shareholder loans, Tax avoidance loans, and Certain loans made to qualified continuing care facilities under a continuing care contract. Irs form 1040 ez A pay-related loan is any below-market loan between an employer and an employee or between an independent contractor and a person for whom the contractor provides services. Irs form 1040 ez A tax avoidance loan is any below-market loan where the avoidance of federal tax is one of the main purposes of the interest arrangement. Irs form 1040 ez Forgone interest. Irs form 1040 ez   For any period, forgone interest is: The amount of interest that would be payable for that period if interest accrued on the loan at the applicable federal rate and was payable annually on December 31, minus Any interest actually payable on the loan for the period. Irs form 1040 ez Applicable federal rate. Irs form 1040 ez   Applicable federal rates are published by the IRS each month in the Internal Revenue Bulletin. Irs form 1040 ez Some IRS offices have these bulletins available for research. Irs form 1040 ez See chapter 5, How To Get Tax Help , for other ways to get this information. Irs form 1040 ez Rules for below-market loans. Irs form 1040 ez   The rules that apply to a below-market loan depend on whether the loan is a gift loan, demand loan, or term loan. Irs form 1040 ez Gift and demand loans. Irs form 1040 ez   A gift loan is any below-market loan where the forgone interest is in the nature of a gift. Irs form 1040 ez   A demand loan is a loan payable in full at any time upon demand by the lender. Irs form 1040 ez A demand loan is a below-market loan if no interest is charged or if interest is charged at a rate below the applicable federal rate. Irs form 1040 ez   A demand loan or gift loan that is a below-market loan is generally treated as an arm's-length transaction in which the lender is treated as having made: A loan to the borrower in exchange for a note that requires the payment of interest at the applicable federal rate, and An additional payment to the borrower in an amount equal to the forgone interest. Irs form 1040 ez The borrower is generally treated as transferring the additional payment back to the lender as interest. Irs form 1040 ez The lender must report that amount as interest income. Irs form 1040 ez   The lender's additional payment to the borrower is treated as a gift, dividend, contribution to capital, pay for services, or other payment, depending on the substance of the transaction. Irs form 1040 ez The borrower may have to report this payment as taxable income, depending on its classification. Irs form 1040 ez These transfers are considered to occur annually, generally on December 31. Irs form 1040 ez Term loans. Irs form 1040 ez   A term loan is any loan that is not a demand loan. Irs form 1040 ez A term loan is a below-market loan if the amount of the loan is more than the present value of all payments due under the loan. Irs form 1040 ez   A lender who makes a below-market term loan other than a gift loan is treated as transferring an additional lump-sum cash payment to the borrower (as a dividend, contribution to capital, etc. Irs form 1040 ez ) on the date the loan is made. Irs form 1040 ez The amount of this payment is the amount of the loan minus the present value, at the applicable federal rate, of all payments due under the loan. Irs form 1040 ez An equal amount is treated as original issue discount (OID). Irs form 1040 ez The lender must report the annual part of the OID as interest income. Irs form 1040 ez The borrower may be able to deduct the OID as interest expense. Irs form 1040 ez See Original Issue Discount (OID) , later. Irs form 1040 ez Exceptions to the below-market loan rules. Irs form 1040 ez   Exceptions to the below-market loan rules are discussed here. Irs form 1040 ez Exception for loans of $10,000 or less. Irs form 1040 ez   The rules for below-market loans do not apply to any day on which the total outstanding amount of loans between the borrower and lender is $10,000 or less. Irs form 1040 ez This exception applies only to: Gift loans between individuals if the gift loan is not directly used to buy or carry income-producing assets, and Pay-related loans or corporation-shareholder loans if the avoidance of federal tax is not a principal purpose of the interest arrangement. Irs form 1040 ez This exception does not apply to a term loan described in (2) earlier that previously has been subject to the below-market loan rules. Irs form 1040 ez Those rules will continue to apply even if the outstanding balance is reduced to $10,000 or less. Irs form 1040 ez Exception for loans to continuing care facilities. Irs form 1040 ez   Loans to qualified continuing care facilities under continuing care contracts are not subject to the rules for below-market loans for the calendar year if the lender or the lender's spouse is age 62 or older at the end of the year. Irs form 1040 ez For the definitions of qualified continuing care facility and continuing care contract, see Internal Revenue Code section 7872(h). Irs form 1040 ez Exception for loans without significant tax effect. Irs form 1040 ez   Loans are excluded from the below-market loan rules if their interest arrangements do not have a significant effect on the federal tax liability of the borrower or the lender. Irs form 1040 ez These loans include: Loans made available by the lender to the general public on the same terms and conditions that are consistent with the lender's customary business practice; Loans subsidized by a federal, state, or municipal government that are made available under a program of general application to the public; Certain employee-relocation loans; Certain loans from a foreign person, unless the interest income would be effectively connected with the conduct of a U. Irs form 1040 ez S. Irs form 1040 ez trade or business and would not be exempt from U. Irs form 1040 ez S. Irs form 1040 ez tax under an income tax treaty; Gift loans to a charitable organization, contributions to which are deductible, if the total outstanding amount of loans between the organization and lender is $250,000 or less at all times during the tax year; and Other loans on which the interest arrangement can be shown to have no significant effect on the federal tax liability of the lender or the borrower. Irs form 1040 ez For a loan described in (6) above, all the facts and circumstances are used to determine if the interest arrangement has a significant effect on the federal tax liability of the lender or borrower. Irs form 1040 ez Some factors to be considered are: Whether items of income and deduction generated by the loan offset each other; The amount of these items; The cost to you of complying with the below-market loan rules, if they were to apply; and Any reasons other than taxes for structuring the transaction as a below-market loan. Irs form 1040 ez If you structure a transaction to meet this exception and one of the principal purposes of that structure is the avoidance of federal tax, the loan will be considered a tax-avoidance loan, and this exception will not apply. Irs form 1040 ez Limit on forgone interest for gift loans of $100,000 or less. Irs form 1040 ez   For gift loans between individuals, if the outstanding loans between the lender and borrower total $100,000 or less, the forgone interest to be included in income by the lender and deducted by the borrower is limited to the amount of the borrower's net investment income for the year. Irs form 1040 ez If the borrower's net investment income is $1,000 or less, it is treated as zero. Irs form 1040 ez This limit does not apply to a loan if the avoidance of federal tax is one of the main purposes of the interest arrangement. Irs form 1040 ez Effective dates. Irs form 1040 ez    These rules apply to term loans made after June 6, 1984, and to demand loans outstanding after that date. Irs form 1040 ez U. Irs form 1040 ez S. Irs form 1040 ez Savings Bonds This section provides tax information on U. Irs form 1040 ez S. Irs form 1040 ez savings bonds. Irs form 1040 ez It explains how to report the interest income on these bonds and how to treat transfers of these bonds. Irs form 1040 ez U. Irs form 1040 ez S. Irs form 1040 ez savings bonds currently offered to individuals include Series EE bonds and Series I bonds. Irs form 1040 ez For other information on U. Irs form 1040 ez S. Irs form 1040 ez savings bonds, write to:  For Series HH/H: Bureau of the Fiscal Service Division of Customer Assistance P. Irs form 1040 ez O. Irs form 1040 ez Box 2186 Parkersburg, WV 26106-2186  For Series EE and I paper savings bonds: Bureau of the Fiscal Service Division of Customer Assistance P. Irs form 1040 ez O. Irs form 1040 ez Box 7012 Parkersburg, WV 26106-7012  For Series EE and I electronic bonds: Bureau of the Fiscal Service  Division of Customer Assistance P. Irs form 1040 ez O. Irs form 1040 ez Box 7015 Parkersburg, WV 26106-7015 Or, on the Internet, visit: www. Irs form 1040 ez treasurydirect. Irs form 1040 ez gov/indiv/indiv. Irs form 1040 ez htm. Irs form 1040 ez Accrual method taxpayers. Irs form 1040 ez   If you use an accrual method of accounting, you must report interest on U. Irs form 1040 ez S. Irs form 1040 ez savings bonds each year as it accrues. Irs form 1040 ez You cannot postpone reporting interest until you receive it or until the bonds mature. Irs form 1040 ez Cash method taxpayers. Irs form 1040 ez   If you use the cash method of accounting, as most individual taxpayers do, you generally report the interest on U. Irs form 1040 ez S. Irs form 1040 ez savings bonds when you receive it. Irs form 1040 ez But see Reporting options for cash method taxpayers , later. Irs form 1040 ez Series HH bonds. Irs form 1040 ez   These bonds were issued at face value. Irs form 1040 ez Interest is paid twice a year by direct deposit to your bank account. Irs form 1040 ez If you are a cash method taxpayer, you must report interest on these bonds as income in the year you receive it. Irs form 1040 ez   Series HH bonds were first offered in 1980 and last offered in August 2004. Irs form 1040 ez Before 1980, series H bonds were issued. Irs form 1040 ez Series H bonds are treated the same as series HH bonds. Irs form 1040 ez If you are a cash method taxpayer, you must report the interest when you receive it. Irs form 1040 ez   Series H bonds have a maturity period of 30 years. Irs form 1040 ez Series HH bonds mature in 20 years. Irs form 1040 ez The last series H bonds matured in 2009. Irs form 1040 ez The last series HH bonds will mature in 2024. Irs form 1040 ez Series EE and series I bonds. Irs form 1040 ez   Interest on these bonds is payable when you redeem the bonds. Irs form 1040 ez The difference between the purchase price and the redemption value is taxable interest. Irs form 1040 ez Series EE bonds. Irs form 1040 ez   Series EE bonds were first offered in January 1980 and have a maturity period of 30 years. Irs form 1040 ez Before July 1980, series E bonds were issued. Irs form 1040 ez The original 10-year maturity period of series E bonds has been extended to 40 years for bonds issued before December 1965 and 30 years for bonds issued after November 1965. Irs form 1040 ez Paper series EE and series E bonds are issued at a discount. Irs form 1040 ez The face value is payable to you at maturity. Irs form 1040 ez Electronic series EE bonds are issued at their face value. Irs form 1040 ez The face value plus accrued interest is payable to you at maturity. Irs form 1040 ez As of January 1, 2012, paper savings bonds were no longer sold at financial institutions. Irs form 1040 ez    Owners of paper series EE bonds can convert them to electronic bonds. Irs form 1040 ez These converted bonds do not retain the denomination listed on the paper certificate but are posted at their purchase price (with accrued interest). Irs form 1040 ez Series I bonds. Irs form 1040 ez   Series I bonds were first offered in 1998. Irs form 1040 ez These are inflation-indexed bonds issued at their face amount with a maturity period of 30 years. Irs form 1040 ez The face value plus all accrued interest is payable to you at maturity. Irs form 1040 ez Reporting options for cash method taxpayers. Irs form 1040 ez   If you use the cash method of reporting income, you can report the interest on series EE, series E, and series I bonds in either of the following ways. Irs form 1040 ez Method 1. Irs form 1040 ez Postpone reporting the interest until the earlier of the year you cash or dispose of the bonds or the year in which they mature. Irs form 1040 ez (However, see Savings bonds traded , later. Irs form 1040 ez )  Note. Irs form 1040 ez Series EE bonds issued in 1983 matured in 2013. Irs form 1040 ez If you have used method 1, you generally must report the interest on these bonds on your 2013 return. Irs form 1040 ez The last series E bonds were issued in 1980 and matured in 2010. Irs form 1040 ez If you used method 1, you generally should have reported the interest on these bonds on your 2010 return. Irs form 1040 ez Method 2. Irs form 1040 ez Choose to report the increase in redemption value as interest each year. Irs form 1040 ez  You must use the same method for all series EE, series E, and series I bonds you own. Irs form 1040 ez If you do not choose method 2 by reporting the increase in redemption value as interest each year, you must use method 1. Irs form 1040 ez If you plan to cash your bonds in the same year you will pay for higher educational expenses, you may want to use method 1 because you may be able to exclude the interest from your income. Irs form 1040 ez To learn how, see Education Savings Bond Program, later. Irs form 1040 ez Change from method 1. Irs form 1040 ez   If you want to change your method of reporting the interest from method 1 to method 2, you can do so without permission from the IRS. Irs form 1040 ez In the year of change, you must report all interest accrued to date and not previously reported for all your bonds. Irs form 1040 ez   Once you choose to report the interest each year, you must continue to do so for all series EE, series E, and series I bonds you own and for any you get later, unless you request permission to change, as explained next. Irs form 1040 ez Change from method 2. Irs form 1040 ez   To change from method 2 to method 1, you must request permission from the IRS. Irs form 1040 ez Permission for the change is automatically granted if you send the IRS a statement that meets all the following requirements. Irs form 1040 ez You have typed or printed the following number at the top: “131. Irs form 1040 ez ” It includes your name and social security number under “131. Irs form 1040 ez ” It includes the year of change (both the beginning and ending dates). Irs form 1040 ez It identifies the savings bonds for which you are requesting this change. Irs form 1040 ez It includes your agreement to: Report all interest on any bonds acquired during or after the year of change when the interest is realized upon disposition, redemption, or final maturity, whichever is earliest; and Report all interest on the bonds acquired before the year of change when the interest is realized upon disposition, redemption, or final maturity, whichever is earliest, with the exception of the interest reported in prior tax years. Irs form 1040 ez   You must attach this statement to your tax return for the year of change, which you must file by the due date (including extensions). Irs form 1040 ez   You can have an automatic extension of 6 months from the due date of your return for the year of change (excluding extensions) to file the statement with an amended return. Irs form 1040 ez On the statement, type or print “Filed pursuant to section 301. Irs form 1040 ez 9100-2. Irs form 1040 ez ” To get this extension, you must have filed your original return for the year of the change by the due date (including extensions). Irs form 1040 ez    By the date you file the original statement with your return, you must also send a signed copy to the address below. Irs form 1040 ez    Internal Revenue Service Attention: CC:IT&A (Automatic Rulings Branch) P. Irs form 1040 ez O. Irs form 1040 ez Box 7604 Benjamin Franklin Station Washington, DC 20044   If you use a private delivery service, send the signed copy to the address below. Irs form 1040 ez Internal Revenue Service Attention: CC:IT&A  (Automatic Rulings Branch) Room 5336 1111 Constitution Avenue, NW Washington, DC 20224    Instead of filing this statement, you can request permission to change from method 2 to method 1 by filing Form 3115. Irs form 1040 ez In that case, follow the form instructions for an automatic change. Irs form 1040 ez No user fee is required. Irs form 1040 ez Co-owners. Irs form 1040 ez   If a U. Irs form 1040 ez S. Irs form 1040 ez savings bond is issued in the names of co-owners, such as you and your child or you and your spouse, interest on the bond is generally taxable to the co-owner who bought the bond. Irs form 1040 ez One co-owner's funds used. Irs form 1040 ez   If you used your funds to buy the bond, you must pay the tax on the interest. Irs form 1040 ez This is true even if you let the other co-owner redeem the bond and keep all the proceeds. Irs form 1040 ez Under these circumstances, the co-owner who redeemed the bond will receive a Form 1099-INT at the time of redemption and must provide you with another Form 1099-INT showing the amount of interest from the bond taxable to you. Irs form 1040 ez The co-owner who redeemed the bond is a “nominee. Irs form 1040 ez ” See Nominee distributions under How To Report Interest Income, later, for more information about how a person who is a nominee reports interest income belonging to another person. Irs form 1040 ez Both co-owners' funds used. Irs form 1040 ez   If you and the other co-owner each contribute part of the bond's purchase price, the interest is generally taxable to each of you, in proportion to the amount each of you paid. Irs form 1040 ez Community property. Irs form 1040 ez   If you and your spouse live in a community property state and hold bonds as community property, one-half of the interest is considered received by each of you. Irs form 1040 ez If you file separate returns, each of you generally must report one-half of the bond interest. Irs form 1040 ez For more information about community property, see Publication 555. Irs form 1040 ez Table 1-2. Irs form 1040 ez   These rules are also shown in Table 1-2. Irs form 1040 ez Child as only owner. Irs form 1040 ez   Interest on U. Irs form 1040 ez S. Irs form 1040 ez savings bonds bought for and registered only in the name of your child is income to your child, even if you paid for the bonds and are named as beneficiary. Irs form 1040 ez If the bonds are series EE, series E, or series I bonds, the interest on the bonds is income to your child in the earlier of the year the bonds are cashed or disposed of or the year the bonds mature, unless your child chooses to report the interest income each year. Irs form 1040 ez Choice to report interest each year. Irs form 1040 ez   The choice to report the accrued interest each year can be made either by your child or by you for your child. Irs form 1040 ez This choice is made by filing an income tax return that shows all the interest earned to date, and by stating on the return that your child chooses to report the interest each year. Irs form 1040 ez Either you or your child should keep a copy of this return. Irs form 1040 ez   Unless your child is otherwise required to file a tax return for any year after making this choice, your child does not have to file a return only to report the annual accrual of U. Irs form 1040 ez S. Irs form 1040 ez savings bond interest under this choice. Irs form 1040 ez However, see Tax on unearned income of certain children , earlier, under General Information. Irs form 1040 ez Neither you nor your child can change the way you report the interest unless you request permission from the IRS, as discussed earlier under Change from method 2 . Irs form 1040 ez Ownership transferred. Irs form 1040 ez   If you bought series E, series EE, or series I bonds entirely with your own funds and had them reissued in your co-owner's name or beneficiary's name alone, you must include in your gross income for the year of reissue all interest that you earned on these bonds and have not previously reported. Irs form 1040 ez But, if the bonds were reissued in your name alone, you do not have to report the interest accrued at that time. Irs form 1040 ez   This same rule applies when bonds (other than bonds held as community property) are transferred between spouses or incident to divorce. Irs form 1040 ez Example. Irs form 1040 ez You bought series EE bonds entirely with your own funds. Irs form 1040 ez You did not choose to report the accrued interest each year. Irs form 1040 ez Later, you transfer the bonds to your former spouse under a divorce agreement. Irs form 1040 ez You must include the deferred accrued interest, from the date of the original issue of the bonds to the date of transfer, in your income in the year of transfer. Irs form 1040 ez Your former spouse includes in income the interest on the bonds from the date of transfer to the date of redemption. Irs form 1040 ez Table 1-2. Irs form 1040 ez Who Pays the Tax on U. Irs form 1040 ez S. Irs form 1040 ez Savings Bond Interest IF . Irs form 1040 ez . Irs form 1040 ez . Irs form 1040 ez THEN the interest must be reported by . Irs form 1040 ez . Irs form 1040 ez . Irs form 1040 ez you buy a bond in your name and the name of another person as co-owners, using only your own funds you. Irs form 1040 ez you buy a bond in the name of another person, who is the sole owner of the bond the person for whom you bought the bond. Irs form 1040 ez you and another person buy a bond as co-owners, each contributing part of the purchase price both you and the other co-owner, in proportion to the amount each paid for the bond. Irs form 1040 ez you and your spouse, who live in a community property state, buy a bond that is community property you and your spouse. Irs form 1040 ez If you file separate returns, both you and your spouse generally report one-half of the interest. Irs form 1040 ez Purchased jointly. Irs form 1040 ez   If you and a co-owner each contributed funds to buy series E, series EE, or series I bonds jointly and later have the bonds reissued in the co-owner's name alone, you must include in your gross income for the year of reissue your share of all the interest earned on the bonds that you have not previously reported. Irs form 1040 ez The former co-owner does not have to include in gross income at the time of reissue his or her share of the interest earned that was not reported before the transfer. Irs form 1040 ez This interest, however, as well as all interest earned after the reissue, is income to the former co-owner. Irs form 1040 ez   This income-reporting rule also applies when the bonds are reissued in the name of your former co-owner and a new co-owner. Irs form 1040 ez But the new co-owner will report only his or her share of the interest earned after the transfer. Irs form 1040 ez   If bonds that you and a co-owner bought jointly are reissued to each of you separately in the same proportion as your contribution to the purchase price, neither you nor your co-owner has to report at that time the interest earned before the bonds were reissued. Irs form 1040 ez Example 1. Irs form 1040 ez You and your spouse each spent an equal amount to buy a $1,000 series EE savings bond. Irs form 1040 ez The bond was issued to you and your spouse as co-owners. Irs form 1040 ez You both postpone reporting interest on the bond. Irs form 1040 ez You later have the bond reissued as two $500 bonds, one in your name and one in your spouse's name. Irs form 1040 ez At that time neither you nor your spouse has to report the interest earned to the date of reissue. Irs form 1040 ez Example 2. Irs form 1040 ez You bought a $1,000 series EE savings bond entirely with your own funds. Irs form 1040 ez The bond was issued to you and your spouse as co-owners. Irs form 1040 ez You both postponed reporting interest on the bond. Irs form 1040 ez You later have the bond reissued as two $500 bonds, one in your name and one in your spouse's name. Irs form 1040 ez You must report half the interest earned to the date of reissue. Irs form 1040 ez Transfer to a trust. Irs form 1040 ez   If you own series E, series EE, or series I bonds and transfer them to a trust, giving up all rights of ownership, you must include in your income for that year the interest earned to the date of transfer if you have not already reported it. Irs form 1040 ez However, if you are considered the owner of the trust and if the increase in value both before and after the transfer continues to be taxable to you, you can continue to defer reporting the interest earned each year. Irs form 1040 ez You must include the total interest in your income in the year you cash or dispose of the bonds or the year the bonds finally mature, whichever is earlier. Irs form 1040 ez   The same rules apply to previously unreported interest on series EE or series E bonds if the transfer to a trust consisted of series HH or series H bonds you acquired in a trade for the series EE or series E bonds. Irs form 1040 ez See Savings bonds traded , later. Irs form 1040 ez Decedents. Irs form 1040 ez   The manner of reporting interest income on series E, series EE, or series I bonds, after the death of the owner (decedent), depends on the accounting and income-reporting methods previously used by the decedent. Irs form 1040 ez Decedent who reported interest each year. Irs form 1040 ez   If the bonds transferred because of death were owned by a person who used an accrual method, or who used the cash method and had chosen to report the interest each year, the interest earned in the year of death up to the date of death must be reported on that person's final return. Irs form 1040 ez The person who acquires the bonds includes in income only interest earned after the date of death. Irs form 1040 ez Decedent who postponed reporting interest. Irs form 1040 ez   If the transferred bonds were owned by a decedent who had used the cash method and had not chosen to report the interest each year, and who had bought the bonds entirely with his or her own funds, all interest earned before death must be reported in one of the following ways. Irs form 1040 ez The surviving spouse or personal representative (executor, administrator, etc. Irs form 1040 ez ) who files the final income tax return of the decedent can choose to include on that return all interest earned on the bonds before the decedent's death. Irs form 1040 ez The person who acquires the bonds then includes in income only interest earned after the date of death. Irs form 1040 ez If the choice in (1) is not made, the interest earned up to the date of death is income in respect of the decedent and should not be included in the decedent's final return. Irs form 1040 ez All interest earned both before and after the decedent's death (except any part reported by the estate on its income tax return) is income to the person who acquires the bonds. Irs form 1040 ez If that person uses the cash method and does not choose to report the interest each year, he or she can postpone reporting it until the year the bonds are cashed or disposed of or the year they mature, whichever is earlier. Irs form 1040 ez In the year that person reports the interest, he or she can claim a deduction for any federal estate tax paid on the part of the interest included in the decedent's estate. Irs form 1040 ez For more information on income in respect of a decedent, see Publication 559, Survivors, Executors, and Administrators. Irs form 1040 ez Example 1. Irs form 1040 ez Your uncle, a cash method taxpayer, died and left you a $1,000 series EE bond. Irs form 1040 ez He had bought the bond for $500 and had not chosen to report the interest each year. Irs form 1040 ez At the date of death, interest of $200 had accrued on the bond, and its value of $700 was included in your uncle's estate. Irs form 1040 ez Your uncle's executor chose not to include the $200 accrued interest in your uncle's final income tax return. Irs form 1040 ez The $200 is income in respect of the decedent. Irs form 1040 ez You are a cash method taxpayer and do not choose to report the interest each year as it is earned. Irs form 1040 ez If you cash the bond when it reaches maturity value of $1,000, you report $500 interest income—the difference between maturity value of $1,000 and the original cost of $500. Irs form 1040 ez For that year, you can deduct (as a miscellaneous itemized deduction not subject to the 2%-of-adjusted-gross-income limit) any federal estate tax paid because the $200 interest was included in your uncle's estate. Irs form 1040 ez Example 2. Irs form 1040 ez If, in Example 1 , the executor had chosen to include the $200 accrued interest in your uncle's final return, you would report only $300 as interest when you cashed the bond at maturity. Irs form 1040 ez $300 is the interest earned after your uncle's death. Irs form 1040 ez Example 3. Irs form 1040 ez If, in Example 1 , you make or have made the choice to report the increase in redemption value as interest each year, you include in gross income for the year you acquire the bond all of the unreported increase in value of all series E, series EE, and series I bonds you hold, including the $200 on the bond you inherited from your uncle. Irs form 1040 ez Example 4. Irs form 1040 ez When your aunt died, she owned series HH bonds that she had acquired in a trade for series EE bonds. Irs form 1040 ez You were the beneficiary of these bonds. Irs form 1040 ez Your aunt used the cash method and did not choose to report the interest on the series EE bonds each year as it accrued. Irs form 1040 ez Your aunt's executor chose not to include any interest earned before your aunt's death on her final return. Irs form 1040 ez The income in respect of the decedent is the sum of the unreported interest on the series EE bonds and the interest, if any, payable on the series HH bonds but not received as of the date of your aunt's death. Irs form 1040 ez You must report any interest received during the year as income on your return. Irs form 1040 ez The part of the interest payable but not received before your aunt's death is income in respect of the decedent and may qualify for the estate tax deduction. Irs form 1040 ez For information on when to report the interest on the series EE bonds traded, see Savings bonds traded , later. Irs form 1040 ez Savings bonds distributed from a retirement or profit-sharing plan. Irs form 1040 ez   If you acquire a U. Irs form 1040 ez S. Irs form 1040 ez savings bond in a taxable distribution from a retirement or profit-sharing plan, your income for the year of distribution includes the bond's redemption value (its cost plus the interest accrued before the distribution). Irs form 1040 ez When you redeem the bond (whether in the year of distribution or later), your interest income includes only the interest accrued after the bond was distributed. Irs form 1040 ez To figure the interest reported as a taxable distribution and your interest income when you redeem the bond, see Worksheet for savings bonds distributed from a retirement or profit-sharing plan under How To Report Interest Income, later. Irs form 1040 ez Savings bonds traded. Irs form 1040 ez   If you postponed reporting the interest on your series EE or series E bonds, you did not recognize taxable income when you traded the bonds for series HH or series H bonds, unless you received cash in the trade. Irs form 1040 ez (You cannot trade series I bonds for series HH bonds. Irs form 1040 ez After August 31, 2004, you cannot trade any other series of bonds for series HH bonds. Irs form 1040 ez ) Any cash you received is income up to the amount of the interest earned on the bonds traded. Irs form 1040 ez When your series HH or series H bonds mature, or if you dispose of them before maturity, you report as interest the difference between their redemption value and your cost. Irs form 1040 ez Your cost is the sum of the amount you paid for the traded series EE or series E bonds plus any amount you had to pay at the time of the trade. Irs form 1040 ez Example. Irs form 1040 ez You traded series EE bonds (on which you postponed reporting the interest) for $2,500 in series HH bonds and $223 in cash. Irs form 1040 ez You reported the $223 as taxable income on your tax return. Irs form 1040 ez At the time of the trade, the series EE bonds had accrued interest of $523 and a redemption value of $2,723. Irs form 1040 ez You hold the series HH bonds until maturity, when you receive $2,500. Irs form 1040 ez You must report $300 as interest income in the year of maturity. Irs form 1040 ez This is the difference between their redemption value, $2,500, and your cost, $2,200 (the amount you paid for the series EE bonds). Irs form 1040 ez (It is also the difference between the accrued interest of $523 on the series EE bonds and the $223 cash received on the trade. Irs form 1040 ez ) Choice to report interest in year of trade. Irs form 1040 ez   You could have chosen to treat all of the previously unreported accrued interest on series EE or series E bonds traded for series HH bonds as income in the year of the trade. Irs form 1040 ez If you made this choice, it is treated as a change from method 1. Irs form 1040 ez See Change from method 1 under Series EE and series I bonds, earlier. Irs form 1040 ez Form 1099-INT for U. Irs form 1040 ez S. Irs form 1040 ez savings bond interest. Irs form 1040 ez   When you cash a bond, the bank or other payer that redeems it must give you a Form 1099-INT if the interest part of the payment you receive is $10 or more. Irs form 1040 ez Box 3 of your Form 1099-INT should show the interest as the difference between the amount you received and the amount paid for the bond. Irs form 1040 ez However, your Form 1099-INT may show more interest than you have to include on your income tax return. Irs form 1040 ez For example, this may happen if any of the following are true. Irs form 1040 ez You chose to report the increase in the redemption value of the bond each year. Irs form 1040 ez The interest shown on your Form 1099-INT will not be reduced by amounts previously included in income. Irs form 1040 ez You received the bond from a decedent. Irs form 1040 ez The interest shown on your Form 1099-INT will not be reduced by any interest reported by the decedent before death, or on the decedent's final return, or by the estate on the estate's income tax return. Irs form 1040 ez Ownership of the bond was transferred. Irs form 1040 ez The interest shown on your Form 1099-INT will not be reduced by interest that accrued before the transfer. Irs form 1040 ez You were named as a co-owner, and the other co-owner contributed funds to buy the bond. Irs form 1040 ez The interest shown on your Form 1099-INT will not be reduced by the amount you received as nominee for the other co-owner. Irs form 1040 ez (See Co-owners , earlier in this section, for more information about the reporting requirements. Irs form 1040 ez ) You received the bond in a taxable distribution from a retirement or profit-sharing plan. Irs form 1040 ez The interest shown on your Form 1099-INT will not be reduced by the interest portion of the amount taxable as a distribution from the plan and not taxable as interest. Irs form 1040 ez (This amount is generally shown on Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Irs form 1040 ez , for the year of distribution. Irs form 1040 ez )   For more information on including the correct amount of interest on your return, see U. Irs form 1040 ez S. Irs form 1040 ez savings bond interest previously reported or Nominee distributions under How To Report Interest Income, later. Irs form 1040 ez    Interest on U. Irs form 1040 ez S. Irs form 1040 ez savings bonds is exempt from state and local taxes. Irs form 1040 ez The Form 1099-INT you receive will indicate the amount that is for U. Irs form 1040 ez S. Irs form 1040 ez savings bonds interest in box 3. Irs form 1040 ez Do not include this income on your state or local income tax return. Irs form 1040 ez Education Savings Bond Program You may be able to exclude from income all or part of the interest you receive on the redemption of qualified U. Irs form 1040 ez S. Irs form 1040 ez savings bonds during the year if you pay qualified higher educational expenses during the same year. Irs form 1040 ez This exclusion is known as the Education Savings Bond Program. Irs form 1040 ez You do not qualify for this exclusion if your filing status is married filing separately. Irs form 1040 ez Form 8815. Irs form 1040 ez   Use Form 8815 to figure your exclusion. Irs form 1040 ez Attach the form to your Form 1040 or Form 1040A. Irs form 1040 ez Qualified U. Irs form 1040 ez S. Irs form 1040 ez savings bonds. Irs form 1040 ez   A qualified U. Irs form 1040 ez S. Irs form 1040 ez savings bond is a series EE bond issued after 1989 or a series I bond. Irs form 1040 ez The bond must be issued either in your name (sole owner) or in your and your spouse's names (co-owners). Irs form 1040 ez You must be at least 24 years old before the bond's issue date. Irs form 1040 ez For example, a bond bought by a parent and issued in the name of his or her child under age 24 does not qualify for the exclusion by the parent or child. Irs form 1040 ez    The issue date of a bond may be earlier than the date the bond is purchased because the issue date assigned to a bond is the first day of the month in which it is purchased. Irs form 1040 ez Beneficiary. Irs form 1040 ez   You can designate any individual (including a child) as a beneficiary of the bond. Irs form 1040 ez Verification by IRS. Irs form 1040 ez   If you claim the exclusion, the IRS will check it by using bond redemption information from the Department of Treasury. Irs form 1040 ez Qualified expenses. Irs form 1040 ez   Qualified higher educational expenses are tuition and fees required for you, your spouse, or your dependent (for whom you claim an exemption) to attend an eligible educational institution. Irs form 1040 ez   Qualified expenses include any contribution you make to a qualified tuition program or to a Coverdell education savings account. Irs form 1040 ez For information about these programs, see Publication 970, Tax Benefits for Education. Irs form 1040 ez   Qualified expenses do not include expenses for room and board or for courses involving sports, games, or hobbies that are not part of a degree or certificate granting program. Irs form 1040 ez Eligible educational institutions. Irs form 1040 ez   These institutions include most public, private, and nonprofit universities, colleges, and vocational schools that are accredited and eligible to participate in student aid programs run by the Department of Education. Irs form 1040 ez Reduction for certain benefits. Irs form 1040 ez   You must reduce your qualified higher educational expenses by all of the following tax-free benefits. Irs form 1040 ez Tax-free part of scholarships and fellowships. Irs form 1040 ez Expenses used to figure the tax-free portion of distributions from a Coverdell ESA. Irs form 1040 ez Expenses used to figure the tax-free portion of distributions from a qualified tuition program. Irs form 1040 ez Any tax-free payments (other than gifts or inheritances) received as educational assistance, such as: Veterans' educational assistance benefits, Qualified tuition reductions, or Employer-provided educational assistance. Irs form 1040 ez Any expense used in figuring the American Opportunity and lifetime learning credits. Irs form 1040 ez For information about these benefits, see Publication 970. Irs form 1040 ez Amount excludable. Irs form 1040 ez   If the total proceeds (interest and principal) from the qualified U. Irs form 1040 ez S. Irs form 1040 ez savings bonds you redeem during the year are not more than your adjusted qualified higher educational expenses for the year, you may be able to exclude all of the interest. Irs form 1040 ez If the proceeds are more than the expenses, you may be able to exclude only part of the interest. Irs form 1040 ez   To determine the excludable amount, multiply the interest part of the proceeds by a fraction. Irs form 1040 ez The numer
Español

National Institute of Allergy and Infectious Diseases (NIAID)

NIAID provides health information on allergic, infectious, and immunologic diseases. Diseases include food allergy, sinusitis, and genital herpes. Consumers can call or write to the institute with questions and can order publications over the phone or on the Web site.

Contact the Agency or Department

Website: National Institute of Allergy and Infectious Diseases (NIAID)

E-mail:

Address: 6610 Rockledge Dr.
MSC 6612

Bethesda, MD 20892-6612

Phone Number: 301-496-5717

Toll-free: 1-866-284-4107

TTY: 1-800-877-8339

The Irs Form 1040 Ez

Irs form 1040 ez 6. Irs form 1040 ez   How To Get Tax Help Table of Contents Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. Irs form 1040 ez Free help with your tax return. Irs form 1040 ez   You can get free help preparing your return nationwide from IRS-certified volunteers. Irs form 1040 ez The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. Irs form 1040 ez The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Irs form 1040 ez Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Irs form 1040 ez In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. Irs form 1040 ez To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. Irs form 1040 ez gov, download the IRS2Go app, or call 1-800-906-9887. Irs form 1040 ez   As part of the TCE program, AARP offers the Tax-Aide counseling program. Irs form 1040 ez To find the nearest AARP Tax-Aide site, visit AARP's website at www. Irs form 1040 ez aarp. Irs form 1040 ez org/money/taxaide or call 1-888-227-7669. Irs form 1040 ez For more information on these programs, go to IRS. Irs form 1040 ez gov and enter “VITA” in the search box. Irs form 1040 ez Internet. Irs form 1040 ez    IRS. Irs form 1040 ez gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. Irs form 1040 ez Download the free IRS2Go app from the iTunes app store or from Google Play. Irs form 1040 ez Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. Irs form 1040 ez Check the status of your 2013 refund with the Where's My Refund? application on IRS. Irs form 1040 ez gov or download the IRS2Go app and select the Refund Status option. Irs form 1040 ez The IRS issues more than 9 out of 10 refunds in less than 21 days. Irs form 1040 ez Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. Irs form 1040 ez You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. Irs form 1040 ez The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. Irs form 1040 ez Use the Interactive Tax Assistant (ITA) to research your tax questions. Irs form 1040 ez No need to wait on the phone or stand in line. Irs form 1040 ez The ITA is available 24 hours a day, 7 days a week, and provides you with a variety of tax information related to general filing topics, deductions, credits, and income. Irs form 1040 ez When you reach the response screen, you can print the entire interview and the final response for your records. Irs form 1040 ez New subject areas are added on a regular basis. Irs form 1040 ez  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. Irs form 1040 ez gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. Irs form 1040 ez You can use the IRS Tax Map, to search publications and instructions by topic or keyword. Irs form 1040 ez The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. Irs form 1040 ez When the user searches the IRS Tax Map, they will be provided with links to related content in existing IRS publications, forms and instructions, questions and answers, and Tax Topics. Irs form 1040 ez Coming this filing season, you can immediately view and print for free all 5 types of individual federal tax transcripts (tax returns, tax account, record of account, wage and income statement, and certification of non-filing) using Get Transcript. Irs form 1040 ez You can also ask the IRS to mail a return or an account transcript to you. Irs form 1040 ez Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. Irs form 1040 ez gov or by calling 1-800-908-9946. Irs form 1040 ez Tax return and tax account transcripts are generally available for the current year and the past three years. Irs form 1040 ez Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. Irs form 1040 ez Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. Irs form 1040 ez If you received the First Time Homebuyer Credit, you can use the First Time Homebuyer Credit Account Look-up tool for information on your repayments and account balance. Irs form 1040 ez Check the status of your amended return using Where's My Amended Return? Go to IRS. Irs form 1040 ez gov and enter Where's My Amended Return? in the search box. Irs form 1040 ez You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. Irs form 1040 ez It can take up to 3 weeks from the date you mailed it to show up in our system. Irs form 1040 ez Make a payment using one of several safe and convenient electronic payment options available on IRS. Irs form 1040 ez gov. Irs form 1040 ez Select the Payment tab on the front page of IRS. Irs form 1040 ez gov for more information. Irs form 1040 ez Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. Irs form 1040 ez Figure your income tax withholding with the IRS Withholding Calculator on IRS. Irs form 1040 ez gov. Irs form 1040 ez Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. Irs form 1040 ez Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. Irs form 1040 ez gov. Irs form 1040 ez Request an Electronic Filing PIN by going to IRS. Irs form 1040 ez gov and entering Electronic Filing PIN in the search box. Irs form 1040 ez Download forms, instructions and publications, including accessible versions for people with disabilities. Irs form 1040 ez Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. Irs form 1040 ez gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. Irs form 1040 ez An employee can answer questions about your tax account or help you set up a payment plan. Irs form 1040 ez Before you visit, check the Office Locator on IRS. Irs form 1040 ez gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. Irs form 1040 ez If you have a special need, such as a disability, you can request an appointment. Irs form 1040 ez Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. Irs form 1040 ez Apply for an Employer Identification Number (EIN). Irs form 1040 ez Go to IRS. Irs form 1040 ez gov and enter Apply for an EIN in the search box. Irs form 1040 ez Read the Internal Revenue Code, regulations, or other official guidance. Irs form 1040 ez Read Internal Revenue Bulletins. Irs form 1040 ez Sign up to receive local and national tax news and more by email. Irs form 1040 ez Just click on “subscriptions” above the search box on IRS. Irs form 1040 ez gov and choose from a variety of options. Irs form 1040 ez Phone. Irs form 1040 ez    You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. Irs form 1040 ez Download the free IRS2Go app from the iTunes app store or from Google Play. Irs form 1040 ez Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. Irs form 1040 ez gov, or download the IRS2Go app. Irs form 1040 ez Low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. Irs form 1040 ez The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. Irs form 1040 ez Most VITA and TCE sites offer free electronic filing. Irs form 1040 ez Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. Irs form 1040 ez Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. Irs form 1040 ez Call the automated Where's My Refund? information hotline to check the status of your 2013 refund 24 hours a day, 7 days a week at 1-800-829-1954. Irs form 1040 ez If you e-file, you can start checking on the status of your return within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. Irs form 1040 ez The IRS issues more than 9 out of 10 refunds in less than 21 days. Irs form 1040 ez Where's My Refund? will give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. Irs form 1040 ez Before you call this automated hotline, have your 2013 tax return handy so you can enter your social security number, your filing status, and the exact whole dollar amount of your refund. Irs form 1040 ez The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. Irs form 1040 ez Note, the above information is for our automated hotline. Irs form 1040 ez Our live phone and walk-in assistors can research the status of your refund only if it's been 21 days or more since you filed electronically or more than 6 weeks since you mailed your paper return. Irs form 1040 ez Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. Irs form 1040 ez You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. Irs form 1040 ez It can take up to 3 weeks from the date you mailed it to show up in our system. Irs form 1040 ez Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, publications, and prior-year forms and instructions (limited to 5 years). Irs form 1040 ez You should receive your order within 10 business days. Irs form 1040 ez Call TeleTax, 1-800-829-4477, to listen to pre-recorded messages covering general and business tax information. Irs form 1040 ez If, between January and April 15, you still have questions about the Form 1040, 1040A, or 1040EZ (like filing requirements, dependents, credits, Schedule D, pensions and IRAs or self-employment taxes), call 1-800-829-1040. Irs form 1040 ez Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. Irs form 1040 ez The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. Irs form 1040 ez These individuals can also contact the IRS through relay services such as the Federal Relay Service. Irs form 1040 ez Walk-in. Irs form 1040 ez   You can find a selection of forms, publications and services — in-person. Irs form 1040 ez Products. Irs form 1040 ez You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Irs form 1040 ez Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. Irs form 1040 ez Services. Irs form 1040 ez You can walk in to your local TAC for face-to-face tax help. Irs form 1040 ez An employee can answer questions about your tax account or help you set up a payment plan. Irs form 1040 ez Before visiting, use the Office Locator tool on IRS. Irs form 1040 ez gov, or choose the Contact Us option on the IRS2Go app and search Local Offices for days and hours of operation, and services provided. Irs form 1040 ez Mail. Irs form 1040 ez   You can send your order for forms, instructions, and publications to the address below. Irs form 1040 ez You should receive a response within 10 business days after your request is received. Irs form 1040 ez Internal Revenue Service 1201 N. Irs form 1040 ez Mitsubishi Motorway Bloomington, IL 61705-6613    The Taxpayer Advocate Service Is Here to Help You. Irs form 1040 ez The Taxpayer Advocate Service (TAS) is your voice at the IRS. Irs form 1040 ez Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. Irs form 1040 ez   What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. Irs form 1040 ez We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. Irs form 1040 ez You face (or your business is facing) an immediate threat of adverse action. Irs form 1040 ez You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. Irs form 1040 ez   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. Irs form 1040 ez Here's why we can help: TAS is an independent organization within the IRS. Irs form 1040 ez Our advocates know how to work with the IRS. Irs form 1040 ez Our services are free and tailored to meet your needs. Irs form 1040 ez We have offices in every state, the District of Columbia, and Puerto Rico. Irs form 1040 ez   How can you reach us? If you think TAS can help you, call your local advocate, whose number is in your local directory and at Taxpayer Advocate, or call us toll-free at 1-877-777-4778. Irs form 1040 ez   How else does TAS help taxpayers?  TAS also works to resolve large-scale, systemic problems that affect many taxpayers. Irs form 1040 ez If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System. Irs form 1040 ez Low Income Taxpayer Clinics (LITCs). Irs form 1040 ez   Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals, and tax collection disputes. Irs form 1040 ez Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. Irs form 1040 ez Visit www. Irs form 1040 ez TaxpayerAdvocate. Irs form 1040 ez irs. Irs form 1040 ez gov or see IRS Publication 4134, Low Income Taxpayer Clinic List. Irs form 1040 ez Prev  Up  Next   Home   More Online Publications