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Tax Ez Form

Tax ez form 8. Tax ez form   Qualified Tuition Program (QTP) Table of Contents Introduction What Is a Qualified Tuition ProgramDesignated beneficiary. Tax ez form Half-time student. Tax ez form How Much Can You Contribute Are Distributions TaxableFiguring the Taxable Portion of a Distribution Additional Tax on Taxable Distributions Rollovers and Other TransfersRollovers Changing the Designated Beneficiary Introduction Qualified tuition programs (QTPs) are also called “529 plans. Tax ez form ” States may establish and maintain programs that allow you to either prepay or contribute to an account for paying a student's qualified education expenses at a postsecondary institution. Tax ez form Eligible educational institutions may establish and maintain programs that allow you to prepay a student's qualified education expenses. Tax ez form If you prepay tuition, the student (designated beneficiary) will be entitled to a waiver or a payment of qualified education expenses. Tax ez form You cannot deduct either payments or contributions to a QTP. Tax ez form For information on a specific QTP, you will need to contact the state agency or eligible educational institution that established and maintains it. Tax ez form What is the tax benefit of a QTP. Tax ez form   No tax is due on a distribution from a QTP unless the amount distributed is greater than the beneficiary's adjusted qualified education expenses. Tax ez form See Are Distributions Taxable , later, for more information. Tax ez form    Even if a QTP is used to finance a student's education, the student or the student's parents still may be eligible to claim the American opportunity credit or the lifetime learning credit. Tax ez form See Coordination With American Opportunity and Lifetime Learning Credits, later. Tax ez form What Is a Qualified Tuition Program A qualified tuition program is a program set up to allow you to either prepay, or contribute to an account established for paying, a student's qualified education expenses at an eligible educational institution. Tax ez form QTPs can be established and maintained by states (or agencies or instrumentalities of a state) and eligible educational institutions. Tax ez form The program must meet certain requirements. Tax ez form Your state government or the eligible educational institution in which you are interested can tell you whether or not they participate in a QTP. Tax ez form Qualified education expenses. Tax ez form   These are expenses related to enrollment or attendance at an Eligible educational institution (defined later). Tax ez form As shown in the following list, to be qualified, some of the expenses must be required by the institution and some must be incurred by students who are enrolled at least half-time. Tax ez form See Half-time student , later. Tax ez form The following expenses must be required for enrollment or attendance of a Designated beneficiary (defined later) at an eligible educational institution. Tax ez form Tuition and fees. Tax ez form Books, supplies, and equipment. Tax ez form Expenses for special needs services needed by a special needs beneficiary must be incurred in connection with enrollment or attendance at an eligible educational institution. Tax ez form Expenses for room and board must be incurred by students who are enrolled at least half-time. Tax ez form The expense for room and board qualifies only to the extent that it is not more than the greater of the following two amounts. Tax ez form The allowance for room and board, as determined by the eligible educational institution, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student. Tax ez form The actual amount charged if the student is residing in housing owned or operated by the eligible educational institution. Tax ez form You will need to contact the eligible educational institution for qualified room and board costs. Tax ez form    For tax years after 2010, the purchase of computer technology or equipment is only a qualified education expense if the computer technology or equipment is required for enrollment or attendance at an eligible institution. Tax ez form Designated beneficiary. Tax ez form   The designated beneficiary is generally the student (or future student) for whom the QTP is intended to provide benefits. Tax ez form The designated beneficiary can be changed after participation in the QTP begins. Tax ez form If a state or local government or certain tax-exempt organizations purchase an interest in a QTP as part of a scholarship program, the designated beneficiary is the person who receives the interest as a scholarship. Tax ez form Half-time student. Tax ez form   A student is enrolled “at least half-time” if he or she is enrolled for at least half the full-time academic workload for the course of study the student is pursuing, as determined under the standards of the school where the student is enrolled. Tax ez form Eligible educational institution. Tax ez form   For purposes of a QTP, this is any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U. Tax ez form S. Tax ez form Department of Education. Tax ez form It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Tax ez form The educational institution should be able to tell you if it is an eligible educational institution. Tax ez form   Certain educational institutions located outside the United States also participate in the U. Tax ez form S. Tax ez form Department of Education's Federal Student Aid (FSA) programs. Tax ez form   How Much Can You Contribute Contributions to a QTP on behalf of any beneficiary cannot be more than the amount necessary to provide for the qualified education expenses of the beneficiary. Tax ez form There are no income restrictions on the individual contributors. Tax ez form You can contribute to both a QTP and a Coverdell ESA in the same year for the same designated beneficiary. Tax ez form   Are Distributions Taxable The part of a distribution representing the amount paid or contributed to a QTP does not have to be included in income. Tax ez form This is a return of the investment in the plan. Tax ez form The designated beneficiary generally does not have to include in income any earnings distributed from a QTP if the total distribution is less than or equal to adjusted qualified education expenses (defined under Figuring the Taxable Portion of a Distribution , later). Tax ez form Earnings and return of investment. Tax ez form    You will receive a Form 1099-Q, from each of the programs from which you received a QTP distribution in 2013. Tax ez form The amount of your gross distribution (box 1) shown on each form will be divided between your earnings (box 2) and your basis, or return of investment (box 3). Tax ez form Form 1099-Q should be sent to you by January 31, 2014. Tax ez form Figuring the Taxable Portion of a Distribution To determine if total distributions for the year are more or less than the amount of qualified education expenses, you must compare the total of all QTP distributions for the tax year to the adjusted qualified education expenses. Tax ez form Adjusted qualified education expenses. Tax ez form   This amount is the total qualified education expenses reduced by any tax-free educational assistance. Tax ez form Tax-free educational assistance includes: The tax-free part of scholarships and fellowships (see Tax-Free Scholarships and Fellowships in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Veterans' educational assistance (see Veterans' Benefits in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Pell grants (see Pell Grants and Other Title IV Need-Based Education Grants in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Employer-provided educational assistance (see chapter 11, Employer-Provided Educational Assistance ), and Any other nontaxable (tax-free) payments (other than gifts or inheritances) received as educational assistance. Tax ez form Taxable earnings. Tax ez form   Use the following steps to figure the taxable part. Tax ez form Multiply the total distributed earnings shown in box 2 of Form 1099-Q by a fraction. Tax ez form The numerator is the adjusted qualified education expenses paid during the year and the denominator is the total amount distributed during the year. Tax ez form Subtract the amount figured in (1) from the total distributed earnings. Tax ez form The result is the amount the beneficiary must include in income. Tax ez form Report it on Form 1040 or Form 1040NR, line 21. Tax ez form Example 1. Tax ez form In 2007, Sara Clarke's parents opened a savings account for her with a QTP maintained by their state government. Tax ez form Over the years they contributed $18,000 to the account. Tax ez form The total balance in the account was $27,000 on the date the distribution was made. Tax ez form In the summer of 2013, Sara enrolled in college and had $8,300 of qualified education expenses for the rest of the year. Tax ez form She paid her college expenses from the following sources. Tax ez form   Gift from parents $1,600     Partial tuition scholarship (tax-free) 3,100     QTP distribution 5,300           Before Sara can determine the taxable part of her QTP distribution, she must reduce her total qualified education expenses by any tax-free educational assistance. Tax ez form   Total qualified education expenses $8,300     Minus: Tax-free educational assistance −3,100     Equals: Adjusted qualified  education expenses (AQEE) $5,200   Since the remaining expenses ($5,200) are less than the QTP distribution, part of the earnings will be taxable. Tax ez form Sara's Form 1099-Q shows that $950 of the QTP distribution is earnings. Tax ez form Sara figures the taxable part of the distributed earnings as follows. Tax ez form   1. Tax ez form $950 (earnings) × $5,200 AQEE  $5,300 distribution           =$932 (tax-free earnings)     2. Tax ez form $950 (earnings)−$932 (tax-free earnings)     =$18 (taxable earnings)  Sara must include $18 in income (Form 1040, line 21) as distributed QTP earnings not used for adjusted qualified education expenses. Tax ez form Coordination With American Opportunity and Lifetime Learning Credits An American opportunity or lifetime learning credit (education credit) can be claimed in the same year the beneficiary takes a tax-free distribution from a QTP, as long as the same expenses are not used for both benefits. Tax ez form This means that after the beneficiary reduces qualified education expenses by tax-free educational assistance, he or she must further reduce them by the expenses taken into account in determining the credit. Tax ez form Example 2. Tax ez form Assume the same facts as in Example 1 , except that Sara's parents claimed an American opportunity credit of $2,500 (based on $4,000 expenses). Tax ez form   Total qualified education expenses $8,300     Minus: Tax-free educational assistance −3,100     Minus: Expenses taken into account  in figuring American opportunity credit −4,000     Equals: Adjusted qualified  education expenses (AQEE) $1,200           The taxable part of the distribution is figured as follows. Tax ez form   1. Tax ez form $950 (earnings) × $1,200 AQEE  $5,300 distribution           =$215 (tax-free earnings)     2. Tax ez form $950 (earnings)−$215 (tax-free earnings)     =$735 (taxable earnings)       Sara must include $735 in income (Form 1040, line 21). Tax ez form This represents distributed earnings not used for adjusted qualified education expenses. Tax ez form Coordination With Coverdell ESA Distributions If a designated beneficiary receives distributions from both a QTP and a Coverdell ESA in the same year, and the total of these distributions is more than the beneficiary's adjusted qualified higher education expenses, the expenses must be allocated between the distributions. Tax ez form For purposes of this allocation, disregard any qualified elementary and secondary education expenses. Tax ez form Example 3. Tax ez form Assume the same facts as in Example 2 , except that instead of receiving a $5,300 distribution from her QTP, Sara received $4,600 from that account and $700 from her Coverdell ESA. Tax ez form In this case, Sara must allocate her $1,200 of adjusted qualified higher education expenses (AQHEE) between the two distributions. Tax ez form   $1,200 AQHEE × $700 ESA distribution  $5,300 total distribution = $158 AQHEE (ESA)     $1,200 AQHEE × $4,600 QTP distribution  $5,300 total distribution = $1,042 AQHEE (QTP)   Sara then figures the taxable portion of her Coverdell ESA distribution based on qualified higher education expenses of $158, and the taxable portion of her QTP distribution based on the other $1,042. Tax ez form Note. Tax ez form If you are required to allocate your expenses between Coverdell ESA and QTP distributions, and you have adjusted qualified elementary and secondary education expenses, see the examples in chapter 7, Coverdell Education Savings Account under Coordination With Qualified Tuition Program (QTP) Distributions . Tax ez form Coordination With Tuition and Fees Deduction. Tax ez form   A tuition and fees deduction can be claimed in the same year the beneficiary takes a tax-free distribution from a QTP, as long as the same expenses are not used for both benefits. Tax ez form Losses on QTP Investments If you have a loss on your investment in a QTP account, you may be able to take the loss on your income tax return. Tax ez form You can take the loss only when all amounts from that account have been distributed and the total distributions are less than your unrecovered basis. Tax ez form Your basis is the total amount of contributions to that QTP account. Tax ez form You claim the loss as a miscellaneous itemized deduction on Schedule A (Form 1040), line 23 (Schedule A (Form 1040NR), line 9), subject to the 2%-of-adjusted-gross-income limit. Tax ez form If you have distributions from more than one QTP account during a year, you must combine the information (amount of distribution, basis, etc. Tax ez form ) from all such accounts in order to determine your taxable earnings for the year. Tax ez form By doing this, the loss from one QTP account reduces the distributed earnings (if any) from any other QTP accounts. Tax ez form Example 1. Tax ez form In 2013, Taylor received a final distribution of $1,000 from QTP #1. Tax ez form His unrecovered basis in that account before the distribution was $3,000. Tax ez form If Taylor itemizes his deductions, he can claim the $2,000 loss on Schedule A (Form 1040). Tax ez form Example 2. Tax ez form Assume the same facts as in Example 1 , except that Taylor also had a distribution of $9,000 from QTP #2, giving him total distributions for 2013 of $10,000. Tax ez form His total basis in these distributions was $4,500 ($3,000 for QTP #1 and $1,500 for QTP #2). Tax ez form Taylor's adjusted qualified education expenses for 2013 totaled $6,000. Tax ez form In order to figure his taxable earnings, Taylor combines the two accounts and determines his taxable earnings as follows. Tax ez form   1. Tax ez form $10,000 (total distribution)−$4,500 (basis portion of distribution)     = $5,500 (earnings included in distribution)   2. Tax ez form $5,500 (earnings) x $6,000 AQEE  $10,000 distribution           =$3,300 (tax-free earnings)     3. Tax ez form $5,500 (earnings)−$3,300 (tax-free earnings)     =$2,200 (taxable earnings)                 Taylor must include $2,200 in income on Form 1040, line 21. Tax ez form Because Taylor's accounts must be combined, he cannot deduct his $2,000 loss (QTP #1) on Schedule A (Form 1040). Tax ez form Instead, the $2,000 loss reduces the total earnings that were distributed, thereby reducing his taxable earnings. Tax ez form Additional Tax on Taxable Distributions Generally, if you receive a taxable distribution, you also must pay a 10% additional tax on the amount included in income. Tax ez form Exceptions. Tax ez form   The 10% additional tax does not apply to distributions: Paid to a beneficiary (or to the estate of the designated beneficiary) on or after the death of the designated beneficiary. Tax ez form Made because the designated beneficiary is disabled. Tax ez form A person is considered to be disabled if he or she shows proof that he or she cannot do any substantial gainful activity because of his or her physical or mental condition. Tax ez form A physician must determine that his or her condition can be expected to result in death or to be of long-continued and indefinite duration. Tax ez form Included in income because the designated beneficiary received: A tax-free scholarship or fellowship (see Tax-Free Scholarships and Fellowships in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Veterans' educational assistance (see Veterans' Benefits in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Employer-provided educational assistance (see chapter 11, Employer-Provided Educational Assistance ), or Any other nontaxable (tax-free) payments (other than gifts or inheritances) received as educational assistance. Tax ez form Made on account of the attendance of the designated beneficiary at a U. Tax ez form S. Tax ez form military academy (such as the USNA at Annapolis). Tax ez form This exception applies only to the extent that the amount of the distribution does not exceed the costs of advanced education (as defined in section 2005(d)(3) of title 10 of the U. Tax ez form S. Tax ez form Code) attributable to such attendance. Tax ez form Included in income only because the qualified education expenses were taken into account in determining the American opportunity or lifetime learning credit (see Coordination With American Opportunity and Lifetime Learning Credits , earlier. Tax ez form ) Exception (3) applies only to the extent the distribution is not more than the scholarship, allowance, or payment. Tax ez form Figuring the additional tax. Tax ez form    Use Part II of Form 5329, to figure any additional tax. Tax ez form Report the amount on Form 1040, line 58, or Form 1040NR, line 56. Tax ez form Rollovers and Other Transfers Assets can be rolled over or transferred from one QTP to another. Tax ez form In addition, the designated beneficiary can be changed without transferring accounts. Tax ez form Rollovers Any amount distributed from a QTP is not taxable if it is rolled over to another QTP for the benefit of the same beneficiary or for the benefit of a member of the beneficiary's family (including the beneficiary's spouse). Tax ez form An amount is rolled over if it is paid to another QTP within 60 days after the date of the distribution. Tax ez form Do not report qualifying rollovers (those that meet the above criteria) anywhere on Form 1040 or 1040NR. Tax ez form These are not taxable distributions. Tax ez form Members of the beneficiary's family. Tax ez form   For these purposes, the beneficiary's family includes the beneficiary's spouse and the following other relatives of the beneficiary. Tax ez form Son, daughter, stepchild, foster child, adopted child, or a descendant of any of them. Tax ez form Brother, sister, stepbrother, or stepsister. Tax ez form Father or mother or ancestor of either. Tax ez form Stepfather or stepmother. Tax ez form Son or daughter of a brother or sister. Tax ez form Brother or sister of father or mother. Tax ez form Son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, or sister-in-law. Tax ez form The spouse of any individual listed above. Tax ez form First cousin. Tax ez form Example. Tax ez form When Aaron graduated from college last year he had $5,000 left in his QTP. Tax ez form He wanted to give this money to his younger brother, who was in junior high school. Tax ez form In order to avoid paying tax on the distribution of the amount remaining in his account, Aaron contributed the same amount to his brother's QTP within 60 days of the distribution. Tax ez form If the rollover is to another QTP for the same beneficiary, only one rollover is allowed within 12 months of a previous transfer to any QTP for that designated beneficiary. Tax ez form Changing the Designated Beneficiary There are no income tax consequences if the designated beneficiary of an account is changed to a member of the beneficiary's family. Tax ez form See Members of the beneficiary's family , earlier. Tax ez form Example. Tax ez form Assume the same situation as in the last example. Tax ez form Instead of closing his QTP and paying the distribution into his brother's QTP, Aaron could have instructed the trustee of his account to simply change the name of the beneficiary on his account to that of his brother. Tax ez form Prev  Up  Next   Home   More Online Publications
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Section 7216 Information Center

Final Treasury Regulations on rules and consent requirements relating to the disclosure or use of tax return information by tax return preparers became effective Dec. 28, 2012. For additional information about how these apply to services and education related to the Affordable Care Act, please see our questions and answers.

 For further information, see Rev Proc 2013-14 and Rev Proc 2013-19

On December 30, 2009, the IRS issued proposed and temporary regulations (effective January 4, 2010) and related revenue rulings addressing the use or disclosure of tax return information by tax return preparers. The regulations and related revenue rulings under section 7216 enable tax return preparers to more effectively provide a range of services that taxpayers would ordinarily expect from tax return preparers.

Notice of Proposed Rulemaking by Cross-Reference to Temporary Regulations Amendments to the Section 7216 Regulations—Disclosure or Use of Information by Preparers of Returns

Revision to Section 301.7216-2 Guidance

Description of the Guidance:
These final and temporary regulations provide updated guidance regarding the disclosure and use of tax return information by tax return preparers without taxpayer consent. These regulations expand the information tax return preparers may compile, maintain, and use in lists for solicitation of tax return business under section 301.7216-2(n) to include taxpayer entity classification or type and tax return form number. These regulations clarify that the section 301.7216-2(n) lists may not be used to solicit non-tax return preparation services.  These regulations also clarify the phrase “tax information” in section 301.7216-2(n) by replacing that phrase with “tax information and general business or economic analysis for educational purposes.  These regulations further clarify that due diligence performed in contemplation of a sale or other disposition of a tax return preparation business is “in connection with” the sale or other disposition of the section 301.7216-2(n) list compiler’s tax return business” and that tax return information made available for due diligence purposes is a disclosure of that information, not a transfer of that information.  These regulations adopt the guidance provided in Notice 2009-13 related to section 301.7216-2(p) allowing certain expanded disclosures and uses of statistical compilations, subject to specific prohibitions, provided that the statistical compilations are anonymous as to taxpayer identity and contain data from at least 10 tax returns. Finally, these regulations allow the disclosure of tax return information to the extent necessary to accomplish required legal or ethical conflict reviews to avoid client conflicts of interest.  These regulations also include specific restrictions and prohibitions applicable to the expanded uses and disclosures that are designed to appropriately balance taxpayer rights provided by section 7216 and its regulations without compromising those rights.

Revenue Ruling 2010-4

(Provides guidance on whether a tax return preparer is liable for criminal and civil penalties under Internal Revenue Code sections 7216 and 6713 when the tax return preparer uses tax return information to contact taxpayers to inform them of changes in tax law that could affect the taxpayers’ income tax liability reported in tax returns previously prepared or processed by the tax return preparer; uses tax return information to determine which taxpayers’ future income tax return filing obligations may be affected by a prospective change in tax rule or regulation and to contact such taxpayers to notify them of the changed rule or regulation, explain how the change may affect them, and advise them with regard to actions they may take in response to the change; or discloses tax return information contained in the list permitted to be maintained by the tax return preparer under section 301.7216-2(n) to a third-party service provider that creates, publishes, or distributes, by mail or e-mail, tax information and general business and economic information or analysis for educational purposes or for purposes of soliciting additional tax return preparation services for the tax return preparer, for the purpose of obtaining the ‘newsletter’ creation, publication, and or distribution services offered by the third-party service provider.)

Revenue Ruling 2010-5

(Provides guidance on whether a tax return preparer is liable for criminal and civil penalties under Internal Revenue Code sections 7216 and 6713 when the tax return preparer discloses (1) to a professional liability insurance carrier tax return information required by the insurance carrier to obtain or maintain professional liability insurance coverage; (2) to a professional liability insurance carrier tax return information required by the insurance carrier to promptly and accurately report a claim or a potential claim against the tax return preparer, or to aid in the investigation of a claim or potential claim against the tax return preparer; (3) to a professional liability insurance carrier tax return information to the preparer’s professional liability insurance carrier in order to obtain legal representation under the terms of the insurance policy; or (4) tax return information to an unrelated attorney for the purpose of evaluating a claim or potential claim against the tax return preparer.)

News Releases:

IRS Issues Proposed Regulations Adjusting Use of Some Taxpayer Information (Released December 30, 2009)

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Section 7216 Frequently Asked Questions

Aids to Preparing Section 7216 Consent Forms

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Section 7216 Updated Rules for Tax Preparers (Updated 12/18/2008)

Page Last Reviewed or Updated: 27-Feb-2014

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Tax ez form Publication 17 - Introductory Material Table of Contents What's New Reminders IntroductionIcons. Tax ez form Ordering forms and publications. Tax ez form Tax questions. Tax ez form All material in this publication may be reprinted freely. Tax ez form A citation to Your Federal Income Tax (2013) would be appropriate. Tax ez form The explanations and examples in this publication reflect the interpretation by the Internal Revenue Service (IRS) of: Tax laws enacted by Congress, Treasury regulations, and Court decisions. Tax ez form However, the information given does not cover every situation and is not intended to replace the law or change its meaning. Tax ez form This publication covers some subjects on which a court may have made a decision more favorable to taxpayers than the interpretation by the IRS. Tax ez form Until these differing interpretations are resolved by higher court decisions or in some other way, this publication will continue to present the interpretations by the IRS. Tax ez form All taxpayers have important rights when working with the IRS. Tax ez form These rights are described in Your Rights as a Taxpayer in the back of this publication. Tax ez form What's New This section summarizes important tax changes that took effect in 2013. Tax ez form Most of these changes are discussed in more detail throughout this publication. Tax ez form Future developments. Tax ez form  For the latest information about the tax law topics covered in this publication, including information about any tax legislation, go to www. Tax ez form irs. Tax ez form gov/pub17. Tax ez form Additional Medicare Tax. Tax ez form  Beginning in 2013, a 0. Tax ez form 9% Additional Medicare Tax applies to Medicare wages, railroad retirement (RRTA) compensation, and self-employment income that are more than: $125,000 if married filing separately, $250,000 if married filing jointly, or $200,000 for any other filing status. Tax ez form See Form 8959 and its instructions. Tax ez form Net Investment Income Tax. Tax ez form  Beginning in 2013, you may be subject to Net Investment Income Tax (NIIT). Tax ez form The NIIT is 3. Tax ez form 8% of the smaller of (a) your net investment income or (b) the excess of your modified adjusted gross income over: $125,000 if married filing separately, $250,000 if married filing jointly or qualifying widow(er), or $200,000 if any other filing status. Tax ez form See Form 8960 and its instructions. Tax ez form Change in tax rates. Tax ez form  The highest tax rate is 39. Tax ez form 6%. Tax ez form For more information, see the 2013 Tax Computation Worksheet or the 2013 Tax Rate Schedules near the end of this publication. Tax ez form Tax rate on net capital gain and qualified dividends. Tax ez form  The maximum tax rate of 15% on net capital gain and qualified dividends has increased to 20% for some taxpayers. Tax ez form See chapter 16. Tax ez form Medical and dental expenses. Tax ez form  You can deduct only the part of your medical and dental expenses that is more than 10% of your adjusted gross income (7. Tax ez form 5% if either you or your spouse is age 65 or older). Tax ez form See chapter 21. Tax ez form Personal exemption amount increased for certain taxpayers. Tax ez form  Your personal exemption is increased to $3,900. Tax ez form But the amount is reduced if your adjusted gross income is more than: $150,000 if married filing separately, $250,000 if single, $275,000 if head of household, or $300,000 if any other filing status. Tax ez form See chapter 3. Tax ez form Limit on itemized deductions. Tax ez form  You may not be able to deduct all of your itemized deductions if your adjusted gross income is more than: $150,000 if married filing separately, $250,000 if single, $275,000 if head of household, or $300,000 if any other filing status. Tax ez form See chapter 29. Tax ez form Same-sex marriages. Tax ez form  If you have a same-sex spouse whom you legally married in a state (or foreign country) that recognizes same-sex marriage, you and your spouse generally must use the married filing jointly or married filing separately filing status on your 2013 return, even if you and your spouse now live in a state (or foreign country) that does not recognize same-sex marriage. Tax ez form See chapter 2. Tax ez form If you meet certain requirements, you may be able to file amended returns to change your filing status for some earlier years. Tax ez form For details on filing amended returns, see chapter 1. Tax ez form Health flexible spending arrangements (FSAs). Tax ez form  You cannot have more than $2,500 in salary reduction contributions made to a health FSA for plan years beginning after 2012. Tax ez form See chapter 5. Tax ez form Expiring credits. Tax ez form  The plug-in electric vehicle credit and the refundable part of the credit for prior year minimum tax have expired. Tax ez form You cannot claim either one on your 2013 return. Tax ez form See chapter 37. Tax ez form Ponzi-type investment schemes. Tax ez form  There are new rules for how to claim a theft loss deduction on Form 4684 due to a Ponzi-type investment scheme. Tax ez form See chapter 25. Tax ez form Home office deduction simplified method. Tax ez form  If you can take a home office deduction, you may be able to use a simplified method to figure it. Tax ez form See Publication 587. Tax ez form Standard mileage rates. Tax ez form  The 2013 rate for business use of your car is increased to 56½ cents a mile. Tax ez form See chapter 26. Tax ez form The 2013 rate for use of your car to get medical care is increased to 24 cents a mile. Tax ez form See chapter 21. Tax ez form The 2013 rate for use of your car to move is increased to 24 cents a mile. Tax ez form See Publication 521, Moving Expenses. Tax ez form Reminders Listed below are important reminders and other items that may help you file your 2013 tax return. Tax ez form Many of these items are explained in more detail later in this publication. Tax ez form Enter your social security number (SSN). Tax ez form  Enter your SSN in the space provided on your tax form. Tax ez form If you filed a joint return for 2012 and are filing a joint return for 2013 with the same spouse, enter your names and SSNs in the same order as on your 2012 return. Tax ez form See chapter 1. Tax ez form Secure your tax records from identity theft. Tax ez form  Identity theft occurs when someone uses your personal information, such as your name, SSN, or other identifying information, without your permission, to commit fraud or other crimes. Tax ez form An identity thief may use your SSN to get a job or may file a tax return using your SSN to receive a refund. Tax ez form For more information about identity theft and how to reduce your risk from it, see chapter 1. Tax ez form Taxpayer identification numbers. Tax ez form  You must provide the taxpayer identification number for each person for whom you claim certain tax benefits. Tax ez form This applies even if the person was born in 2013. Tax ez form Generally, this number is the person's social security number (SSN). Tax ez form See chapter 1. Tax ez form Foreign source income. Tax ez form  If you are a U. Tax ez form S. Tax ez form citizen with income from sources outside the United States (foreign income), you must report all such income on your tax return unless it is exempt by U. Tax ez form S. Tax ez form law. Tax ez form This is true whether you live inside or outside the United States and whether or not you receive a Form W-2 or Form 1099 from the foreign payer. Tax ez form This applies to earned income (such as wages and tips) as well as unearned income (such as interest, dividends, capital gains, pensions, rents and royalties). Tax ez form If you live outside the United States, you may be able to exclude part or all of your foreign source earned income. Tax ez form For details, see Publication 54, Tax Guide for U. Tax ez form S. Tax ez form Citizens and Resident Aliens Abroad. Tax ez form Foreign financial assets. Tax ez form  If you had foreign financial assets in 2013, you may have to file Form 8938 with your return. Tax ez form Check www. Tax ez form IRS. Tax ez form gov/form8938 for details. Tax ez form Automatic 6-month extension to file tax return. Tax ez form  You can use Form 4868, Application for Automatic Extension of Time To File U. Tax ez form S. Tax ez form Individual Income Tax Return, to obtain an automatic 6-month extension of time to file your tax return. Tax ez form See chapter 1. Tax ez form Include your phone number on your return. Tax ez form  To promptly resolve any questions we have in processing your tax return, we would like to be able to call you. Tax ez form Please enter your daytime telephone number on your tax form next to your signature and occupation. Tax ez form If you are filing a joint return, you can enter either your or your spouse's daytime phone number. Tax ez form Payment of taxes. Tax ez form   You can pay your taxes online, by phone, or by check or money order. Tax ez form You can make a direct transfer from your bank account or use a credit or debit card. Tax ez form If you e-file, you can schedule an electronic payment. Tax ez form See chapter 1. Tax ez form Faster ways to file your return. Tax ez form  The IRS offers fast, accurate ways to file your tax return information without filing a paper tax return. Tax ez form You can use IRS e-file (electronic filing). Tax ez form See chapter 1. Tax ez form Free electronic filing. Tax ez form  You may be able to file your 2013 taxes online for free. Tax ez form See chapter 1. Tax ez form Change of address. Tax ez form  If you change your address, you should notify the IRS. Tax ez form See Change of Address in chapter 1. Tax ez form Refund on a late filed return. Tax ez form  If you were due a refund but you did not file a return, you generally must file your return within 3 years from the date the return was due (including extensions) to get that refund. Tax ez form See chapter 1. Tax ez form Frivolous tax returns. Tax ez form  The IRS has published a list of positions that are identified as frivolous. Tax ez form The penalty for filing a frivolous tax return is $5,000. Tax ez form See chapter 1. Tax ez form Filing erroneous claim for refund or credit. Tax ez form  You may have to pay a penalty if you file an erroneous claim for refund or credit. Tax ez form See chapter 1. Tax ez form Privacy Act and paperwork reduction information. Tax ez form   The IRS Restructuring and Reform Act of 1998, the Privacy Act of 1974, and the Paperwork Reduction Act of 1980 require that when we ask you for information we must first tell you what our legal right is to ask for the information, why we are asking for it, how it will be used, what could happen if we do not receive it, and whether your response is voluntary, required to obtain a benefit, or mandatory under the law. Tax ez form A complete statement on this subject can be found in your tax form instructions. Tax ez form Customer service for taxpayers. Tax ez form  You can set up a personal appointment at the most convenient Taxpayer Assistance Center, on the most convenient business day. Tax ez form See How To Get Tax Help in the back of this publication. Tax ez form Preparer e-file mandate. Tax ez form  Most paid preparers must e-file returns they prepare and file. Tax ez form Your preparer may make you aware of this requirement and the options available to you. Tax ez form Treasury Inspector General for Tax Administration. Tax ez form   If you want to confidentially report misconduct, waste, fraud, or abuse by an IRS employee, you can call 1-800-366-4484 (call 1-800-877-8339 if you are deaf, hard of hearing, or have a speech disability, and are using TTY/TDD equipment). Tax ez form You can remain anonymous. Tax ez form Photographs of missing children. Tax ez form  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Tax ez form Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Tax ez form You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Tax ez form Introduction This publication covers the general rules for filing a federal income tax return. Tax ez form It supplements the information contained in your tax form instructions. Tax ez form It explains the tax law to make sure you pay only the tax you owe and no more. Tax ez form How this publication is arranged. Tax ez form   This publication closely follows Form 1040, U. Tax ez form S. Tax ez form Individual Income Tax Return. Tax ez form It is divided into six parts which cover different sections of Form 1040. Tax ez form Each part is further divided into chapters which generally discuss one line of the form. Tax ez form Do not worry if you file Form 1040A or Form 1040EZ. Tax ez form Anything included on a line of either of these forms is also included on Form 1040. Tax ez form   The table of contents inside the front cover and the index in the back of the publication are useful tools to help you find the information you need. Tax ez form What is in this publication. Tax ez form   The publication begins with the rules for filing a tax return. Tax ez form It explains: Who must file a return, Which tax form to use, When the return is due, How to e-file your return, and Other general information. Tax ez form It will help you identify which filing status you qualify for, whether you can claim any dependents, and whether the income you receive is taxable. Tax ez form The publication goes on to explain the standard deduction, the kinds of expenses you may be able to deduct, and the various kinds of credits you may be able to take to reduce your tax. Tax ez form   Throughout the publication are examples showing how the tax law applies in typical situations. Tax ez form Also throughout the publication are flowcharts and tables that present tax information in an easy-to-understand manner. Tax ez form   Many of the subjects discussed in this publication are discussed in greater detail in other IRS publications. Tax ez form References to those other publications are provided for your information. Tax ez form Icons. Tax ez form   Small graphic symbols, or icons, are used to draw your attention to special information. Tax ez form See Table 1 later for an explanation of each icon used in this publication. Tax ez form What is not covered in this publication. Tax ez form   Some material that you may find helpful is not included in this publication but can be found in your tax form instruction booklet. Tax ez form This includes lists of: Where to report certain items shown on information documents, and Recorded tax information topics (TeleTax). Tax ez form   If you operate your own business or have other self-employment income, such as from babysitting or selling crafts, see the following publications for more information. Tax ez form Publication 334, Tax Guide for Small Business (For Individuals Who Use Schedule C or C-EZ). Tax ez form Publication 535, Business Expenses. Tax ez form Publication 587, Business Use of Your Home (Including Use by Daycare Providers). Tax ez form Help from the IRS. Tax ez form   There are many ways you can get help from the IRS. Tax ez form These are explained under How To Get Tax Help in the back of this publication. Tax ez form Comments and suggestions. Tax ez form   We welcome your comments about this publication and your suggestions for future editions. Tax ez form   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Tax ez form NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Tax ez form Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Tax ez form   You can send your comments from www. Tax ez form irs. Tax ez form gov/formspubs/. Tax ez form Click on “More Information” and then on “Comment on Tax Forms and Publications”. Tax ez form   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Tax ez form Ordering forms and publications. Tax ez form   Visit www. Tax ez form irs. Tax ez form gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Tax ez form Internal Revenue Service 1201 N. Tax ez form Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Tax ez form   If you have a tax question, check the information available on IRS. Tax ez form gov or call 1-800-829-1040. Tax ez form We cannot answer tax questions sent to either of the above addresses. Tax ez form IRS mission. Tax ez form   Provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities and by applying the tax law with integrity and fairness to all. Tax ez form Table 1. Tax ez form Legend of Icons Icon Explanation Items that may cause you particular problems, or an alert about pending legislation that may be enacted after this publication goes to print. Tax ez form An Internet site or an email address. Tax ez form An address you may need. Tax ez form Items you should keep in your personal records. Tax ez form Items you may need to figure or a worksheet you may need to complete and keep for your records. Tax ez form An important phone number. Tax ez form Helpful information you may need. Tax ez form Prev  Up  Next   Home   More Online Publications