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

Vita Tax

When Amend Tax Return1040nr Tax ReturnAmend 2009 TaxesFree 1040ez InstructionsFile Taxes Online FreeIrs Tax Form 1040Free Tax Preparation For Low IncomeHow To Refile Taxes1040ez Form For 2010H&r Block Free Online Tax Return2010 Tax Forms IrsFile 1040xFree Tax Filing H&r BlockTax Forms 20142012 1040x Tax FormHandr BlockWhich Tax Form 2012 Best Use 27000$ Year1040ez Tax InstructionsEz FormIrs 1040ez 2011Tax UnemployedFederal Income Tax ReturnFederal Ez FormState Income Tax Rate ComparisonsTax Tips For 20122011 TaxesUnemployment And TaxesFile 1040ez FreeHr Block 2011 Tax SoftwareIrs Ez Form OnlineForm 1040ez 2012Tax Act Online FreeI Need To Amend My 2011 TaxesIrs Form 1040x 2011Filing Amended Tax Return 2013Where To File Amended 1040xHow To File A 1040x With TurbotaxTax Form For College StudentsFile Back Taxes For Free1040ez Form Instructions

Vita Tax

Vita tax Publication 970 - Additional Material Table of Contents AppendicesAppendix A. Vita tax Illustrated Example of Education Credits Glossary Appendices The following appendices are provided to help you claim the education benefits that will give you the lowest tax. Vita tax Appendix A—An illustrated example of education credits, including a filled-in Form 8863 showing how to claim both the American opportunity credit and lifetime learning credit for 2013. Vita tax Appendix B—A chart summarizing some of the major differences between the education tax benefits discussed in this publication. Vita tax It is intended only as a guide. Vita tax Look in this publication for more complete information. Vita tax   Appendix A. Vita tax Illustrated Example of Education Credits Dave and Valerie Jones are married and on their 2013 joint tax return they claim exemptions for their two dependent children, Sean (age 21, social security number: 000-00-0001) and Carey (age 18, social security number: 000–00–0002). Vita tax Their modified adjusted gross income (MAGI) on Form 1040, line 38 is $110,000. Vita tax Because Dave and Valerie have unusually high itemized deductions, their taxable income is $10,000 and their tax before credits is $1,000. Vita tax Sean enrolled as a full-time graduate student in August 2013 at California State College. Vita tax He graduated with his bachelor's degree in 2012 and did not attend school from January 2013 through July 2013. Vita tax His parents claimed the Hope Scholarship Credit for Sean for 2008 and the American opportunity credit for Sean for 2010, 2011, and 2012. Vita tax Carey enrolled full time as a freshman at the same college in January 2013 to begin working on her bachelor's degree. Vita tax In 2013, Dave and Valerie paid $7,000 in tuition for Sean and $8,500 in tuition for Carey. Vita tax California State College issued two Forms 1098-T, one for Sean and one for Carey, and sent them to the Joneses' residence. Vita tax California State College reports amounts billed in 2013 instead of amounts paid during 2013. Vita tax In completing Form 8863, the Joneses use the amounts they paid. Vita tax Neither Sean nor Carey has been convicted of a felony for possession or distribution of a controlled substance before the end of 2013. Vita tax Dave and Valerie figure their education credits by completing Form 8863. Vita tax They begin Form 8863 on page 2 before completing Part I on page 1. Vita tax Because the Joneses have two eligible students, they will complete page 2 twice, once for their son, Sean, and once for their daughter, Carey. Vita tax The Joneses decide to complete Part III for Carey first, as shown later. Vita tax They carry over the amount of $2,500 entered on Part III, line 30, to Part I, line 1. Vita tax The Joneses complete a separate Part III for their son Sean. Vita tax They check the “Yes” box on line 23, determine that Sean is not eligible for the American opportunity credit, and go to line 31 as instructed. Vita tax They figure their line 31 adjusted qualified education expenses for Sean to be $7,000. Vita tax Once they have completed Part III for each student, they figure their credits. Vita tax The Joneses figure their refundable American opportunity credit of $1,000 by completing Form 8863, Part I, lines 1 through 8. Vita tax They enter the amount from line 8, $1,000, on line 66 of their Form 1040. Vita tax The Joneses enter $7,000 on Part II, line 10, of Form 8863 and figure their tentative lifetime learning credit for 2013 to be $1,400 (line 12). Vita tax They cannot claim the full amount because their MAGI of $110,000 is greater than $107,000. Vita tax They enter the reduced amount of $1,190 (figured on Part II, line 18) on the Credit Limit Worksheet, line 1. Vita tax The $1,190 is added to their nonrefundable American opportunity credit ($1,500 on line 2 of the Credit Limit Worksheet) for a total nonrefundable credit of $2,690. Vita tax The Joneses enter $1,000 on line 7 of the Credit Limit Worksheet, which is the smaller of their tax from line 46 of their Form 1040 (which is $1,000) or the $2,690 on line 3 of the Credit Limit Worksheet. Vita tax They enter $1,000 on line 19, Part II of Form 8863 and on line 49 of Form 1040. Vita tax This image is too large to be displayed in the current screen. Vita tax Please click the link to view the image. Vita tax Form 1098-T Adjusted Qualified Education Expenses Worksheet (Form 8863 instructions) 1. Vita tax Total qualified education expenses paid for or on behalf of the student in 2013 for the academic period 8,500 2. Vita tax Less adjustments:     a. Vita tax Tax-free educational assistance received in 2013 allocable to the academic period   0     b. Vita tax Tax-free educational assistance received in 2014 (and before you file your 2013 tax return) allocable to the academic period   0     c. Vita tax Refunds of qualified education expenses paid in 2013 if the refund is received in 2013 or in 2014 before you file your 2013 tax return   0   3. Vita tax Total adjustments (add lines 2a, 2b, and 2c) 0 4. Vita tax Adjusted qualified education expenses. Vita tax Subtract line 3 from line 1. Vita tax If zero or less, enter -0- 8,500 This image is too large to be displayed in the current screen. Vita tax Please click the link to view the image. Vita tax Form 1098-T Adjusted Qualified Education Expenses Worksheet (Form 8863 instructions) 1. Vita tax Total qualified education expenses paid for or on behalf of the student in 2013 for the academic period 7,000 2. Vita tax Less adjustments:     a. Vita tax Tax-free educational assistance received in 2013 allocable to the academic period   0     b. Vita tax Tax-free educational assistance received in 2014 (and before you file your 2013 tax return) allocable to the academic period   0     c. Vita tax Refunds of qualified education expenses paid in 2013 if the refund is received in 2013 or in 2014 before you file your 2013 tax return   0   3. Vita tax Total adjustments (add lines 2a, 2b, and 2c) 0 4. Vita tax Adjusted qualified education expenses. Vita tax Subtract line 3 from line 1. Vita tax If zero or less, enter -0- 7,000 Credit Limit Worksheet (Form 8863 instructions) Nonrefundable Credit Worksheet 1. Vita tax Enter the amount from Form 8863, line 18 1. Vita tax 1,190 2. Vita tax Enter the amount from Form 8863, line 9 2. Vita tax 1,500 3. Vita tax Add lines 1 and 2 3. Vita tax 2,690 4. Vita tax Enter the amount from: Form 1040, line 46; or Form 1040A, line 28 4. Vita tax 1,000 5. Vita tax Enter the amount from either: Form 1040, lines 47 and 48, and the amount from Schedule R included on Form 1040, line 53; or Form 1040A, lines 29 and 30 5. Vita tax 0 6. Vita tax Subtract line 5 from line 4 6. Vita tax 1,000 7. Vita tax   Enter the smaller of line 3 or line 6 here and on Form 8863, line 19 7. Vita tax 1,000 This image is too large to be displayed in the current screen. Vita tax Please click the link to view the image. Vita tax Form 8863 for Dave and Valerie Jones This image is too large to be displayed in the current screen. Vita tax Please click the link to view the image. Vita tax Carey Jones page 2 This image is too large to be displayed in the current screen. Vita tax Please click the link to view the image. Vita tax Filled-in Form 8863 Jones page 2 Appendix B. Vita tax Highlights of Education Tax Benefits for Tax Year 2013 This chart highlights some differences among the benefits discussed in this publication. Vita tax See the text for definitions and details. Vita tax Do not rely on this chart alone. Vita tax    Caution:You generally cannot claim more than one benefit for the same education expense. Vita tax   Scholarships,  Fellowships, Grants, and  Tuition  Reductions American Opportunity Credit Lifetime Learning Credit Student Loan Interest Deduction Tuition and Fees Deduction Coverdell ESA† Qualified Tuition Program (QTP)† Education Exception to Additional Tax on Early IRA Distributions† Education Savings Bond Program† Employer- Provided Educational Assistance† Business Deduction for Work-Related Education What is your  benefit? Amounts received may not be taxable   Credits can reduce the amount of tax you have to pay. Vita tax    40% of the credit may be refundable (limited to $1,000 per student). Vita tax Credits can reduce amount of tax you must pay Can deduct interest paid Can deduct expenses Earnings not  taxed Earnings not taxed No 10%  additional tax on early distribution Interest not taxed Employer benefits not taxed Can deduct expenses What is the annual limit? None $2,500 credit per student $2,000 credit per tax return     $2,500 deduction $4,000 deduction $2,000 contribution per beneficiary None Amount of qualified  education expenses Amount of qualified  education expenses $5,250 exclusion Amount of qualifying work-related education expenses What expenses  qualify besides  tuition and required enrollment fees? Course-related expenses such as fees, books, supplies, and equipment Course-related books, supplies, and equipment Amounts paid for required books, etc. Vita tax , that must be paid to the educational institution, etc. Vita tax , are required fees Books Supplies Equipment  Room & board  Transportation  Other necessary expenses  None Books Supplies Equipment  Expenses for special needs services  Payments to QTP  Higher education: Room & board if  at least half-time  student  Elem/sec (K–12) education: Tutoring Room & board Uniforms Transportation Computer  access Supplementary expenses Books Supplies Equipment  Room & board if  at least half-time student  Expenses for special needs services Books Supplies Equipment  Room & board if  at least half-time student  Expenses for special needs services Payments to Coverdell ESA  Payments to QTP Books Supplies Equipment Transportation  Travel  Other necessary expenses   Scholarships,  Fellowships, Grants, and  Tuition  Reductions American Opportunity Credit Lifetime Learning Credit Student Loan Interest Deduction Tuition and Fees Deduction Coverdell ESA† Qualified Tuition Program (QTP)† Education Exception to Additional Tax on Early IRA Distributions† Education Savings Bond Program† Employer- Provided Educational Assistance† Business Deduction for Work-Related Education What education qualifies? Undergraduate & graduate  K–12 Undergraduate & graduate Undergraduate & graduate  Courses to acquire or improve job skills    Undergraduate & graduate Undergraduate & graduate Undergraduate & graduate  K–12 Undergraduate & graduate Undergraduate & graduate Undergraduate & graduate Undergraduate & graduate Required by employer or law to keep present job, salary, status  Maintain or improve job skills What are some of the other  conditions that  apply? Must be in degree or vocational program  Payment of tuition and required fees must be allowed under the grant Can be claimed for only 4 tax years (which includes years Hope Scholarship Credit claimed)  Must be enrolled at least half-time in degree program  No felony drug conviction(s)  Must not have completed first 4 years of postsecondary education before end of preceding tax year. Vita tax   No other conditions Must have been at least half-time  student in degree program Cannot claim both deduction & education credit for same student in same year Assets must be distributed at age 30 unless special  needs beneficiary No other conditions No other conditions Applies only to qualified series  EE bonds issued after 1989 or series I bonds No other conditions Cannot be to  meet minimum educational requirements of present trade/business  Cannot qualify  you for new trade/business   In what income  range do benefits  phase out? No phaseout $80,000 – $90,000  $160,000 – $180,000 for joint returns $53,000 – $63,000  $107,000 – $127,000 for joint returns $60,000 – $75,000  $125,000 –  $155,000 for  joint returns  $60,000 – $80,000  $130,000 –  $160,000 for  joint returns  $95,000 – $110,000  $190,000 – $220,000 for  joint returns No phaseout No phaseout   No phaseout No phaseout † Any nontaxable distribution is limited to the amount that does not exceed qualified education expenses. Vita tax Glossary The education benefits included in this publication were enacted over many years, leading to a number of common terms being defined differently from one benefit to the next. Vita tax For example, an eligible educational institution means one thing when determining if earnings from a Coverdell education savings account are not taxable and something else when determining if a scholarship or fellowship is not taxable. Vita tax For each term listed below that has more than one definition, the definition for each education benefit is listed. Vita tax Academic period:   A semester, trimester, quarter, or other period of study (such as a summer school session) as reasonably determined by an educational institution. Vita tax If an educational institution uses credit hours or clock hours and does not have academic terms, each payment period can be treated as an academic period. Vita tax Adjusted qualified education expenses (AQEE):    Qualified education expenses (defined later) reduced by any tax-free educational assistance, such as a tax-free scholarship or employer-provided educational assistance. Vita tax They must also be reduced by any qualified education expenses deducted elsewhere on your return, used to determine an education credit or other benefit, or used to determine a tax-free distribution. Vita tax For information on a specific benefit, see the appropriate chapter in this publication. Vita tax Candidate for a degree:   A student who meets either of the following requirements. Vita tax Attends a primary or secondary school or pursues a degree at a college or university, or Attends an accredited educational institution that is authorized to provide: A program that is acceptable for full credit toward a bachelor's or higher degree, or A program of training to prepare students for gainful employment in a recognized occupation. Vita tax Designated beneficiary:   The individual named in the document creating the account/plan who is to receive the benefit of the funds in the account/plan. Vita tax Eligible educational institution:    American opportunity credit. Vita tax Any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the Department of Education. Vita tax It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Vita tax Coverdell education savings account (ESA). Vita tax Any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the Department of Education. Vita tax It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Vita tax Also included is any public, private, or religious school that provides elementary or secondary education (kindergarten through grade 12), as determined under state law. Vita tax Education savings bond program. Vita tax Same as American opportunity credit in this category. Vita tax IRA, early distributions from. Vita tax Same as American opportunity credit in this category. Vita tax Lifetime learning credit. Vita tax Same as American opportunity credit in this category. Vita tax Qualified tuition program (QTP). Vita tax Same as American opportunity credit in this category. Vita tax Scholarships and fellowships. Vita tax An institution that maintains a regular faculty and curriculum and normally has a regularly enrolled body of students in attendance at the place where it carries on its educational activities. Vita tax Student loan, cancellation of. Vita tax Same as Scholarships and fellowships in this category. Vita tax Student loan interest deduction. Vita tax Any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the Department of Education. Vita tax It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Vita tax Also included is an institution that conducts an internship or residency program leading to a degree or certificate from an institution of higher education, a hospital, or a health care facility that offers postgraduate training. Vita tax Tuition and fees deduction. Vita tax Same as American opportunity credit in this category. Vita tax Eligible student:    American opportunity credit. Vita tax A student who meets all of the following requirements for the tax year for which the credit is being determined. Vita tax Did not have expenses that were used to figure an American opportunity or Hope Scholarship Credit in any 4 earlier tax years. Vita tax Had not completed the first 4 years of postsecondary education (generally the freshman through senior years). Vita tax For at least one academic period beginning in the tax year, was enrolled at least half-time in a program leading to a degree, certificate, or other recognized educational credential at an eligible educational institution. Vita tax Was free of any federal or state felony conviction for possessing or distributing a controlled substance as of the end of the tax year. Vita tax Lifetime learning credit. Vita tax A student who is enrolled in one or more courses at an eligible educational institution. Vita tax Student loan interest deduction. Vita tax A student who was enrolled at least half-time in a program leading to a postsecondary degree, certificate, or other recognized educational credential at an eligible educational institution. Vita tax Tuition and fees deduction. Vita tax A student who is enrolled in one or more courses at an eligible educational institution. Vita tax Half-time student:   A student who is enrolled for at least half the full-time academic work load for the course of study the student is pursuing, as determined under the standards of the school where the student is enrolled. Vita tax Modified adjusted gross income (MAGI):    American opportunity credit. Vita tax Adjusted gross income (AGI) as figured on the federal income tax return, modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion, Foreign housing deduction, Exclusion of income by bona fide residents of American Samoa, and Exclusion of income by bona fide residents of Puerto Rico. Vita tax Coverdell education savings account (ESA). Vita tax Same as American opportunity credit in this category. Vita tax Education savings bond program. Vita tax Adjusted gross income (AGI) as figured on the federal income tax return without taking into account any savings bond interest exclusion and modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion, Foreign housing deduction, Exclusion of income by bona fide residents of American Samoa, Exclusion of income by bona fide residents of Puerto Rico, Exclusion for adoption benefits received under an employer's adoption assistance program, Deduction for student loan interest, Deduction for tuition and fees, and Deduction for domestic production activities. Vita tax Lifetime learning credit. Vita tax Same as American opportunity credit in this category. Vita tax Student loan interest deduction. Vita tax Adjusted gross income (AGI) as figured on the federal income tax return without taking into account any student loan interest deduction, tuition and fees deduction, or domestic production activities deduction, and modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion, Foreign housing deduction, Exclusion of income by bona fide residents of American Samoa, and Exclusion of income by bona fide residents of Puerto Rico. Vita tax Tuition and fees deduction. Vita tax Adjusted gross income (AGI) as figured on the federal income tax return without taking into account any tuition and fees deduction, or domestic production activities deduction, and modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion, Foreign housing deduction, Exclusion of income by bona fide residents of American Samoa, and Exclusion of income by bona fide residents of Puerto Rico. Vita tax Phaseout:   The amount of credit or deduction allowed is reduced when modified adjusted gross income (MAGI) is greater than a specified amount of income. Vita tax Qualified education expenses:   See pertinent chapter for specific items. Vita tax    American opportunity credit. Vita tax Tuition and certain related expenses (including student activity fees) required for enrollment or attendance at an eligible educational institution. Vita tax Books, supplies, and equipment needed for a course of study are included even if not purchased from the educational institution. Vita tax Does not include expenses for room and board. Vita tax Does not include expenses for courses involving sports, games, or hobbies (including noncredit courses) that are not part of the student's postsecondary degree program. Vita tax Coverdell education savings account (ESA). Vita tax Expenses related to or required for enrollment or attendance of the designated beneficiary at an eligible elementary, secondary, or postsecondary school. Vita tax Many specialized expenses included for K–12. Vita tax Also includes expenses for special needs services and contribution to qualified tuition program (QTP). Vita tax Education savings bond program. Vita tax Tuition and fees required to enroll at or attend an eligible educational institution. Vita tax Also includes contributions to a qualified tuition program (QTP) or Coverdell education savings account (ESA). Vita tax Does not include expenses for room and board. Vita tax Does not include expenses for courses involving sports, games, or hobbies that are not part of a degree or certificate granting program. Vita tax IRA, early distributions from. Vita tax Tuition, fees, books, supplies, and equipment required for enrollment or attendance at an eligible educational institution, plus certain limited costs of room and board for students who are enrolled at least half-time. Vita tax Also includes expenses for special needs services incurred by or for special needs students in connection with their enrollment or attendance. Vita tax Lifetime learning credit. Vita tax Tuition and certain related expenses required for enrollment or attendance at an eligible educational institution. Vita tax Student-activity fees and expenses for course-related books, supplies, and equipment are included only if the fees and expenses must be paid to the institution as a condition of enrollment or attendance. Vita tax Does not include expenses for room and board. Vita tax Does not include expenses for courses involving sports, games, or hobbies (including noncredit courses) that are not part of the student's postsecondary degree program, unless taken by the student to acquire or improve job skills. Vita tax Qualified tuition program (QTP). Vita tax Tuition, fees, books, supplies, and equipment required for enrollment or attendance at an eligible educational institution, plus certain limited costs of room and board for students who are enrolled at least half-time. Vita tax Includes expenses for special needs services and computer access. Vita tax Scholarships and fellowships. Vita tax Expenses for tuition and fees required to enroll at or attend an eligible educational institution, and course-related expenses, such as fees, books, supplies, and equipment that are required for the courses at the eligible educational institution. Vita tax Course-related items must be required of all students in the course of instruction. Vita tax Student loan interest deduction. Vita tax Total costs of attending an eligible educational institution, including graduate school (however, limitations may apply to the cost of room and board allowed). Vita tax Tuition and fees deduction. Vita tax Tuition and certain related expenses required for enrollment or attendance at an eligible educational institution. Vita tax Student-activity fees and expenses for course-related books, supplies, and equipment are included only if the fees and expenses must be paid to the institution as a condition of enrollment or attendance. Vita tax Recapture:   To include as income on your current year's return an amount allowed as a deduction in a prior year. Vita tax To include as tax on your current year's return an amount allowed as a credit in a prior year. Vita tax Rollover:   A tax-free distribution to you of cash or other assets from a tax-favored plan that you contribute to another tax-favored plan. Vita tax Transfer:   A movement of funds in a tax-favored plan from one trustee directly to another, either at your request or at the trustee's request. Vita tax Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

Understanding your CP24 Notice

We made changes to your return because we found a difference between the amount of estimated tax payments on your tax return and the amount we posted to your account. You have a potential overpayment credit because of these changes.

Looking for information for CP24E Notice?

Printable samples of this notice (PDF)

Tax publications you may find useful

How to get help

Calling the 1-800 number listed on the top right corner of your notice is the fastest way to get your questions answered.

You can also authorize someone (such as an accountant) to contact the IRS on your behalf using this Power of Attorney and Declaration of Representative (Form 2848).

Or you may qualify for help from a Low Income Taxpayer Clinic.
 


What you need to do

  • Read your notice carefully — it will explain the changes we made to your return.
  • Check the list of payments we applied to your account to see if we applied all the payments you made.
  • Correct the copy of your tax return that you kept for your records.
  • You don't need to do anything if you agree with the notice.
  • If you disagree with the notice, please contact us at the toll-free number listed on its top right-hand corner (within 60 days of the notice’s date).

You may want to...


Answers to Common Questions

Is an overpayment credit different from a refund?
You get an overpayment credit when your tax payments exceed what you owe. You will receive the overpayment credit as a refund automatically. You also, however, can ask us to apply the credit as an advance payment towards your next year's taxes instead of sending it to you as a refund.

When can I expect to receive my refund?
You will receive it in four to six weeks if you owe no other taxes or debts we’re required to collect.

What can I do if I don't receive my refund in four to six weeks?
Call us at the toll-free number listed on the top right-hand corner of your notice.

How can I find out what caused my tax return to change?
Please contact us at the number listed on your notice for specific information concerning your tax return.

What should I do if I find you misapplied a payment or haven't credited a payment that I made?
Contact us with your information at the toll-free number listed on your notice. Please have your documentation (such as cancelled checks, amended return, etc.) ready when you call. Our representative will discuss the issue with you and give you further instructions.

What should I do if I disagree with the changes you made?
Contact us at the toll free number listed on the top right-hand corner of your notice.

How do I adjust my estimated tax payments?
You can adjust your estimated tax payments by completing a Form 1040-ES, Estimated Tax for Individuals. See Publication 505, Tax Withholding and Estimated Tax for more information.

What should I do if I need to make another correction to my tax return?
You'll need to file Form 1040X, Amended U.S. Individual Income Tax Return.


Tips for next year

Consider filing your taxes electronically. Filing online can help you avoid mistakes and find credits and deductions that you may qualify for. In many cases you can file for free. Learn more about e-file.

You can receive your refund quickly with a direct deposit to your bank account by completing the banking information in the refund section of your tax return.

Page Last Reviewed or Updated: 03-Mar-2014

The Vita Tax

Vita tax Index A Accounting methods Accrual method, Accrual Method Cash method, Cash Method Change in, Change in Accounting Method Methods you can use, Methods you can use. Vita tax Accounting periods 52-53 week tax year, 52-53-Week Tax Year Business purpose tax year, Business Purpose Tax Year Calendar year, Calendar Year Improper tax year, Improper Tax Year Partnerships, Partnership Accrual method Expenses, Expenses Income, Income Advance payments, Advance Payment for Services Sales, Advance Payment for Sales Services, Advance Payment for Services Assistance (see Tax help) B Business purpose tax year, Business Purpose Tax Year C Calendar year, Calendar Year Cash method, Income Expenses, Expenses Income, Income Change, accounting method, Change to accrual method. Vita tax , Change in Accounting Method Comments on publication, Comments and suggestions. Vita tax Constructive receipt of income, Constructive receipt. Vita tax Corporation tax periods, Corporations (Other Than S Corporations and PSCs) Cost identification, Identifying Cost D Death of individual, short period return, Death of individual. Vita tax E Economic performance, Economic Performance Excluded entities, cash method, Excluded Entities F Fiscal year, Fiscal Year Form 1128, Improper Tax Year, Change in Tax Year 8716, Making the election. Vita tax , Making back-up election. Vita tax 8752, Required payment for partnership or S corporation. Vita tax , Activating election. Vita tax 970, Adopting LIFO method. Vita tax Free tax services, How To Get Tax Help H Help (see Tax help) I Inventories Cost identification, Identifying Cost FIFO, FIFO Method LIFO, LIFO Method Lower of cost or market, Lower of Cost or Market Method Perpetual or book, Perpetual or Book Inventory Retail method, Retail Method Specific identification, Specific Identification Method Uniform capitalization rules, Inventories. Vita tax Valuing, Valuing Inventory M More information (see Tax help) P Partnerships, Partnership Personal service corporation, Partnerships, S Corporations, and Personal Service Corporations (PSCs) Limit, use of cash method, Qualified PSC. Vita tax Required tax year, Partnerships, S Corporations, and Personal Service Corporations (PSCs), Personal Service Corporation (PSC) Publications (see Tax help) R Related persons, Related Persons S S corporations, S Corporation Section 444 election, Section 444 Election Short period return, Short period return. Vita tax Short tax year, Short Tax Year Suggestions for publication, Comments and suggestions. Vita tax T Tax help, How To Get Tax Help Tax year Change in, Change in Tax Year Corporations, Corporations (Other Than S Corporations and PSCs) Fiscal year, Fiscal Year Personal service corporation, Personal Service Corporation (PSC) S corporations, S Corporation Section 444 election, Section 444 Election Short tax year, Short Tax Year Taxpayer Advocate, Taxpayer Advocate Service. Vita tax TTY/TDD information, How To Get Tax Help U Uniform capitalization rules Exceptions, Exceptions. Vita tax General rules, Uniform Capitalization Rules Prev  Up     Home   More Online Publications