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Where Can I Get A 1040ez Tax Form

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Where Can I Get A 1040ez Tax Form

Where can i get a 1040ez tax form Depreciation Table of Contents Introduction Special Depreciation AllowanceQualified Property Election Not To Claim the Allowance Rules for Returns Filed Before June 1, 2002 Passenger Automobiles New York Liberty Zone BenefitsSpecial Liberty Zone Depreciation Allowance Increased Section 179 Deduction Liberty Zone Leasehold Improvement Property If you depreciate business property that you acquired and placed in service after September 10, 2001, new law contains provisions that may affect your depreciation deduction for that property. Where can i get a 1040ez tax form Publication 946, How To Depreciate Property, contains information on depreciation. Where can i get a 1040ez tax form However, Publication 946 does not contain the new provisions because it was printed before the law was enacted. Where can i get a 1040ez tax form The new provisions are in the Supplement to Publication 946, which is reprinted below. Where can i get a 1040ez tax form Supplement to Publication 946 How To Depreciate Property   Introduction After Publication 946 was printed, the Job Creation and Worker Assistance Act of 2002 was signed into law by the President. Where can i get a 1040ez tax form The new law made several changes in the tax rules explained in the publication. Where can i get a 1040ez tax form Some of the changes apply to property placed in service during 2001. Where can i get a 1040ez tax form This supplemental publication describes those changes and explains what you should do if you are affected by them. Where can i get a 1040ez tax form The situations and examples in Publication 946 do not reflect any of the changes made by the Job Creation and Worker Assistance Act of 2002. Where can i get a 1040ez tax form The new law contains the following provisions. Where can i get a 1040ez tax form 30% depreciation deductions (special depreciation allowance and special New York Liberty Zone (Liberty Zone) depreciation allowance) for the year qualified property is placed in service after September 10, 2001. Where can i get a 1040ez tax form An increased dollar limit on the section 179 deduction for qualified Liberty Zone property purchased after September 10, 2001. Where can i get a 1040ez tax form A shorter recovery period for qualified Liberty Zone leasehold improvement property placed in service after September 10, 2001. Where can i get a 1040ez tax form An increase in the maximum depreciation deduction for 2001 for a qualified passenger automobile placed in service after September 10, 2001. Where can i get a 1040ez tax form If you believe you qualify for an increased deduction under any of these new rules, you must file the revised 2001 Form 4562 (dated March 2002) for 2001 calendar or fiscal years and 2000 fiscal years ending after September 10, 2001. Where can i get a 1040ez tax form If you have already filed a tax return, this supplemental publication explains how to claim these benefits and how to elect not to claim the special depreciation allowance or special Liberty Zone depreciation allowance. Where can i get a 1040ez tax form See Table 2 at the end of the supplement for an overview of the rules that apply if you filed your return before June 1, 2002. Where can i get a 1040ez tax form Special Depreciation Allowance You can take a special depreciation allowance for qualified property you place in service after September 10, 2001. Where can i get a 1040ez tax form The allowance is an additional deduction of 30% of the property's depreciable basis. Where can i get a 1040ez tax form To figure the depreciable basis, you must first multiply the property's cost or other basis by the percentage of business/investment use and then reduce that amount by any section 179 deduction and certain other deductions and credits for the property. Where can i get a 1040ez tax form See What Is the Basis for Depreciation? on page 23 in Publication 946 for more information on figuring depreciable basis. Where can i get a 1040ez tax form The allowance is deductible for both regular tax and alternative minimum tax (AMT) purposes. Where can i get a 1040ez tax form There is no AMT adjustment required for any depreciation figured on the remaining basis of the property. Where can i get a 1040ez tax form In the year you claim the allowance (generally the year you place the property in service), you must reduce the depreciable basis of the property by the allowance before figuring your regular depreciation deduction. Where can i get a 1040ez tax form Example 1. Where can i get a 1040ez tax form On November 1, 2001, you bought and placed in service in your business qualified property that cost $100,000. Where can i get a 1040ez tax form You did not elect to claim a section 179 deduction. Where can i get a 1040ez tax form You can deduct 30% of the cost ($30,000) as a special depreciation allowance for 2001. Where can i get a 1040ez tax form You use the remaining $70,000 of cost to figure your regular depreciation deduction for 2001 and later years. Where can i get a 1040ez tax form Example 2. Where can i get a 1040ez tax form The facts are the same as in Example 1, except that you choose to deduct $24,000 of the property's cost as a section 179 deduction. Where can i get a 1040ez tax form You use the remaining $76,000 of cost to figure your special depreciation allowance of $22,800 ($76,000 × 30%). Where can i get a 1040ez tax form You use the remaining $53,200 of cost to figure your regular depreciation deduction for 2001 and later years. Where can i get a 1040ez tax form Qualified Property To qualify for the special depreciation allowance, your property must meet the following requirements. Where can i get a 1040ez tax form It is new property of one of the following types. Where can i get a 1040ez tax form Property depreciated under the modified accelerated cost recovery system (MACRS) with a recovery period of 20 years or less. Where can i get a 1040ez tax form See Can You Use MACRS To Depreciate Your Property and Which Recovery Period Applies? on pages 7 and 23, respectively, in Publication 946. Where can i get a 1040ez tax form Water utility property. Where can i get a 1040ez tax form See 25-year property on page 22 in Publication 946. Where can i get a 1040ez tax form Computer software that is not a section 197 intangible as described in Computer software on page 5 in Publication 946. Where can i get a 1040ez tax form (The cost of some computer software is treated as part of the cost of hardware and is depreciated under MACRS. Where can i get a 1040ez tax form ) Qualified leasehold improvement property (defined later). Where can i get a 1040ez tax form It meets the following tests (explained later under Tests To Be Met). Where can i get a 1040ez tax form Acquisition date test. Where can i get a 1040ez tax form Placed in service date test. Where can i get a 1040ez tax form Original use test. Where can i get a 1040ez tax form It is not excepted property (explained later under Excepted Property). Where can i get a 1040ez tax form Qualified leasehold improvement property. Where can i get a 1040ez tax form    Generally, this is any improvement to an interior part of a building that is nonresidential real property, provided all of the following requirements are met. Where can i get a 1040ez tax form The improvement is made under or pursuant to a lease by the lessee (or any sublessee) or the lessor of that part of the building. Where can i get a 1040ez tax form That part of the building is to be occupied exclusively by the lessee (or any sublessee) of that part. Where can i get a 1040ez tax form The improvement is placed in service more than 3 years after the date the building was first placed in service. Where can i get a 1040ez tax form   However, a qualified leasehold improvement does not include any improvement for which the expenditure is attributable to any of the following. Where can i get a 1040ez tax form The enlargement of the building. Where can i get a 1040ez tax form Any elevator or escalator. Where can i get a 1040ez tax form Any structural component benefiting a common area. Where can i get a 1040ez tax form The internal structural framework of the building. Where can i get a 1040ez tax form   Generally, a binding commitment to enter into a lease is treated as a lease and the parties to the commitment are treated as the lessor and lessee. Where can i get a 1040ez tax form However, a binding commitment between related persons is not treated as a lease. Where can i get a 1040ez tax form Related persons. Where can i get a 1040ez tax form   For this purpose, the following are related persons. Where can i get a 1040ez tax form Members of an affiliated group. Where can i get a 1040ez tax form The persons listed in items (1) through (9) under Related persons on page 8 of Publication 946 (except that “80% or more” should be substituted for “more than 10%” each place it appears). Where can i get a 1040ez tax form An executor and a beneficiary of the same estate. Where can i get a 1040ez tax form Tests To Be Met To qualify for the special depreciation allowance, the property must meet all of the following tests. Where can i get a 1040ez tax form Acquisition date test. Where can i get a 1040ez tax form    Generally, you must have acquired the property either: After September 10, 2001, and before September 11, 2004, but only if no written binding contract for the acquisition was in effect before September 11, 2001, or Pursuant to a written binding contract entered into after September 10, 2001, and before September 11, 2004. Where can i get a 1040ez tax form   Property you manufacture, construct, or produce for your own use meets this test if you began the manufacture, construction, or production of the property after September 10, 2001, and before September 11, 2004. Where can i get a 1040ez tax form Placed in service date test. Where can i get a 1040ez tax form   Generally, the property must be placed in service for use in your trade or business or for the production of income after September 10, 2001, and before January 1, 2005. Where can i get a 1040ez tax form   If you sold property you placed in service after September 10, 2001, and you leased it back within 3 months after the property was originally placed in service, the property is treated as placed in service no earlier than the date it is used under the leaseback. Where can i get a 1040ez tax form Original use test. Where can i get a 1040ez tax form   The original use of the property must have begun with you after September 10, 2001. Where can i get a 1040ez tax form “Original use” means the first use to which the property is put, whether or not by you. Where can i get a 1040ez tax form Additional capital expenditures you incurred after September 10, 2001, to recondition or rebuild your property meet the original use test. Where can i get a 1040ez tax form Excepted Property The following property does not qualify for the special depreciation allowance. Where can i get a 1040ez tax form Property used by any person before September 11, 2001. Where can i get a 1040ez tax form Property required to be depreciated using ADS. Where can i get a 1040ez tax form This includes listed property used 50% or less in a qualified business use. Where can i get a 1040ez tax form Qualified New York Liberty Zone leasehold improvement property (defined next). Where can i get a 1040ez tax form Qualified New York Liberty Zone leasehold improvement property. Where can i get a 1040ez tax form   This is any qualified leasehold improvement property (as defined earlier) if all of the following requirements are met. Where can i get a 1040ez tax form The improvement is to a building located in the New York Liberty Zone (defined later under New York Liberty Zone Benefits). Where can i get a 1040ez tax form The improvement is placed in service after September 10, 2001, and before January 1, 2007. Where can i get a 1040ez tax form No written binding contract for the improvement was in effect before September 11, 2001. Where can i get a 1040ez tax form Election Not To Claim the Allowance You can elect not to claim the special depreciation allowance for qualified property. Where can i get a 1040ez tax form If you make this election for any property, it applies to all property in the same property class placed in service during the year. Where can i get a 1040ez tax form To make this election, attach a statement to your return indicating you elect not to claim the allowance and the class of property for which you are making the election. Where can i get a 1040ez tax form When to make election. Where can i get a 1040ez tax form   Generally, you must make the election on a timely filed tax return (including extensions) for the year in which you place the property in service. Where can i get a 1040ez tax form   However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the original return (not including extensions). Where can i get a 1040ez tax form Attach the election statement to the amended return. Where can i get a 1040ez tax form At the top of the election statement, write “Filed pursuant to section 301. Where can i get a 1040ez tax form 9100–2. Where can i get a 1040ez tax form ” Revoking an election. Where can i get a 1040ez tax form   Once you elect not to deduct the special depreciation allowance for a class of property, you cannot revoke the election without IRS consent. Where can i get a 1040ez tax form A request to revoke the election is subject to a user fee. Where can i get a 1040ez tax form Rules for Returns Filed Before June 1, 2002 The following rules apply if you placed qualified property in service after September 10, 2001, and filed your return before June 1, 2002. Where can i get a 1040ez tax form The rules apply to returns for the following years. Where can i get a 1040ez tax form 2000 fiscal years that end after September 10, 2001. Where can i get a 1040ez tax form 2001 calendar and fiscal years. Where can i get a 1040ez tax form Claiming the allowance. Where can i get a 1040ez tax form   If you did not claim the allowance on your return and did not make the election not to claim the allowance, you can do either of the following to claim the allowance. Where can i get a 1040ez tax form File an amended return by the due date (not including extensions) of your return for the year following the year the property was placed in service. Where can i get a 1040ez tax form Write “Filed Pursuant to Rev. Where can i get a 1040ez tax form Proc. Where can i get a 1040ez tax form 2002–33” at the top of the amended return. Where can i get a 1040ez tax form File Form 3115, Application for Change in Accounting Method, with your return for the year following the year the property was placed in service. Where can i get a 1040ez tax form Your return must be filed by the due date (including extensions). Where can i get a 1040ez tax form Write “Automatic Change Filed Under Rev. Where can i get a 1040ez tax form Proc. Where can i get a 1040ez tax form 2002–33” on the appropriate line of Form 3115. Where can i get a 1040ez tax form You must also file a copy (with signature) of the completed Form 3115 with the IRS National Office no later than when you file the original with your return. Where can i get a 1040ez tax form For more information about filing Form 3115, including the address to send it to, see Revenue Procedure 2002–9, Revenue Procedure 2002–19, and Revenue Procedure 2002–33. Where can i get a 1040ez tax form Example 1. Where can i get a 1040ez tax form You are an individual and you use the calendar year. Where can i get a 1040ez tax form You placed qualified property in service for your business in December 2001. Where can i get a 1040ez tax form You filed your 2001 income tax return before April 15, 2002. Where can i get a 1040ez tax form You did not claim the special depreciation allowance for the property and did not make the election not to claim the allowance. Where can i get a 1040ez tax form You can claim the special allowance by filing an amended 2001 return by April 15, 2003, with “Filed Pursuant to Rev. Where can i get a 1040ez tax form Proc. Where can i get a 1040ez tax form 2002–33” at the top of the amended return. Where can i get a 1040ez tax form You must file an amended return by April 15, 2003, even if you get an extension of time to file your 2002 tax return. Where can i get a 1040ez tax form Example 2. Where can i get a 1040ez tax form The facts concerning your 2001 return are the same as in Example 1. Where can i get a 1040ez tax form In addition, you got an automatic 4-month extension of time (to August 15, 2003) to file your 2002 return. Where can i get a 1040ez tax form You can claim the special allowance by filing a Form 3115 (with “Filed Pursuant to Rev. Where can i get a 1040ez tax form Proc. Where can i get a 1040ez tax form 2002–33” on the appropriate line) with your 2002 return by August 15, 2003. Where can i get a 1040ez tax form You must also file a copy of this Form 3115 with the IRS National Office no later than when you file your 2002 return. Where can i get a 1040ez tax form Electing not to claim the allowance. Where can i get a 1040ez tax form   Generally, you have elected not to claim the special depreciation allowance for a class of property if you: Filed your return timely (including extensions) for the year you placed qualified property in service and indicated on a statement with the return that you are not claiming the allowance, or Filed your return timely and filed an amended return within 6 months of the due date of the original return (not including extensions) and indicated on a statement with the amended return that you are not claiming the allowance. Where can i get a 1040ez tax form The statement must indicate that you are not deducting the special depreciation allowance and the class of property to which the election applies. Where can i get a 1040ez tax form The statement can be either attached to or written on the return. Where can i get a 1040ez tax form You can, for example, write “not deducting 30%” on Form 4562. Where can i get a 1040ez tax form Deemed election. Where can i get a 1040ez tax form   If you have not followed either of the procedures described above to elect not to claim the allowance, you may still be treated as making the election. Where can i get a 1040ez tax form You will be treated as making the election if you meet both of the following conditions. Where can i get a 1040ez tax form You filed your return for the year you placed the property in service and claimed depreciation, but not the special allowance, for any class of property. Where can i get a 1040ez tax form You do not file an amended return or a Form 3115 within the time prescribed for claiming the special allowance. Where can i get a 1040ez tax form See Claiming the allowance, earlier. Where can i get a 1040ez tax form Passenger Automobiles The limit on your depreciation deduction (including any section 179 deduction) for any passenger automobile that is qualified property (defined earlier) placed in service after September 10, 2001, and for which you claim the special depreciation allowance is increased. Where can i get a 1040ez tax form Generally, the limit is increased from $3,060 to $7,660. Where can i get a 1040ez tax form However, if the automobile is a qualified electric car, the limit is increased from $9,280 to $23,080 ($22,980 if placed in service in 2002). Where can i get a 1040ez tax form Table 1 shows the maximum deduction amounts for 2001. Where can i get a 1040ez tax form Table 1. Where can i get a 1040ez tax form Maximum Deduction for 2001 Qualified Vehicle Placed in Service Before Sept. Where can i get a 1040ez tax form 11 Placed in Service After Sept. Where can i get a 1040ez tax form 10 Passenger automobile $3,060 $7,660 Electric car 9,280 23,080 1 1$22,980 if you place an electric car in service in 2002. Where can i get a 1040ez tax form Election not to claim the allowance. Where can i get a 1040ez tax form   The increased maximum depreciation deduction does not apply if you elected not to claim the special depreciation allowance as explained earlier under Election Not To Claim the Allowance and Rules for Returns Filed Before June 1, 2002. Where can i get a 1040ez tax form New York Liberty Zone Benefits Several benefits are available for property you place in service in the New York Liberty Zone (Liberty Zone). Where can i get a 1040ez tax form They include a special depreciation allowance for the year you place the property in service, an increased section 179 deduction, and the classification of certain leasehold improvement property as 5-year property. Where can i get a 1040ez tax form Area defined. Where can i get a 1040ez tax form   The New York Liberty Zone is the area located on or south of Canal Street, East Broadway (east of its intersection with Canal Street), or Grand Street (east of its intersection with East Broadway) in the Borough of Manhattan in the City of New York, New York. Where can i get a 1040ez tax form Special Liberty Zone Depreciation Allowance You can take a special depreciation allowance for qualified Liberty Zone property you place in service after September 10, 2001. Where can i get a 1040ez tax form The allowance is an additional deduction of 30% of the property's depreciable basis. Where can i get a 1040ez tax form To figure the depreciable basis, you must first multiply the property's cost or other basis by the percentage of business/investment use and then reduce that amount by any section 179 deduction and certain other deductions and credits for the property. Where can i get a 1040ez tax form See What Is the Basis for Depreciation? on page 23 in Publication 946 for more information on figuring depreciable basis. Where can i get a 1040ez tax form The allowance is deductible for both regular tax and alternative minimum tax (AMT) purposes. Where can i get a 1040ez tax form There is no AMT adjustment required for any depreciation figured on the remaining basis of the property. Where can i get a 1040ez tax form In the year you claim the allowance (generally the year you place the property in service), you must reduce the depreciable basis of the property by the allowance before figuring your regular depreciation deduction. Where can i get a 1040ez tax form You cannot claim the special Liberty Zone depreciation allowance for property eligible for the special depreciation allowance explained earlier in Qualified Property under Special Depreciation Allowance. Where can i get a 1040ez tax form Qualified property is eligible for only one special depreciation allowance. Where can i get a 1040ez tax form Example 1. Where can i get a 1040ez tax form On November 1, 2001, you bought and placed in service in your business, which is in the Liberty Zone, qualified Liberty Zone property that cost $200,000. Where can i get a 1040ez tax form You did not elect to claim a section 179 deduction. Where can i get a 1040ez tax form You can deduct 30% of the cost ($60,000) as a special Liberty Zone depreciation allowance for 2001. Where can i get a 1040ez tax form You use the remaining $140,000 of cost to figure your regular depreciation deduction for 2001 and later years. Where can i get a 1040ez tax form Example 2. Where can i get a 1040ez tax form The facts are the same as in Example 1, except that you choose to deduct $59,000 of the property's cost as a section 179 deduction. Where can i get a 1040ez tax form (See Increased Section 179 Deduction, later, for information concerning how this section 179 deduction amount is figured). Where can i get a 1040ez tax form You use the remaining $141,000 of cost to figure your special Liberty Zone depreciation allowance of $42,300 ($141,000 × 30%). Where can i get a 1040ez tax form You use the remaining $98,700 of cost to figure your regular depreciation deduction for 2001 and later years. Where can i get a 1040ez tax form Qualified Liberty Zone Property For a 2001 calendar or fiscal year and a 2000 fiscal year that ends after September 10, 2001, property qualifies for the special Liberty Zone depreciation allowance if it meets the following requirements. Where can i get a 1040ez tax form It is one of the following types of property. Where can i get a 1040ez tax form Used property depreciated under MACRS with a recovery period of 20 years or less. Where can i get a 1040ez tax form See Can You Use MACRS To Depreciate Your Property and Which Recovery Period Applies? on pages 7 and 23, respectively, in Publication 946. Where can i get a 1040ez tax form Used water utility property. Where can i get a 1040ez tax form See 25-year property on page 22 in Publication 946. Where can i get a 1040ez tax form Used computer software that is not a section 197 intangible as described in Computer software on page 5 in Publication 946. Where can i get a 1040ez tax form (The cost of some computer software is treated as part of the cost of hardware and is depreciated under MACRS. Where can i get a 1040ez tax form ) Certain nonresidential real property and residential rental property (defined later). Where can i get a 1040ez tax form It meets the following tests (explained later under Tests to be met). Where can i get a 1040ez tax form Acquisition date test. Where can i get a 1040ez tax form Placed in service date test. Where can i get a 1040ez tax form Substantial use test. Where can i get a 1040ez tax form Original use test. Where can i get a 1040ez tax form It is not excepted property (explained later under Excepted property). Where can i get a 1040ez tax form Nonresidential real property and residential rental property. Where can i get a 1040ez tax form   This property is qualifying property only to the extent it rehabilitates real property damaged, or replaces real property destroyed or condemned, as a result of the terrorist attack of September 11, 2001. Where can i get a 1040ez tax form Property is treated as replacing destroyed or condemned property if, as part of an integrated plan, such property replaces real property included in a continuous area that includes real property destroyed or condemned. Where can i get a 1040ez tax form   For these purposes, real property is considered destroyed (or condemned) only if an entire building or structure was destroyed (or condemned) as a result of the terrorist attack. Where can i get a 1040ez tax form Otherwise, the property is considered damaged real property. Where can i get a 1040ez tax form For example, if certain structural components of a building (such as walls, floors, or plumbing fixtures) are damaged or destroyed as a result of the terrorist attack, but the building is not destroyed (or condemned), then only costs related to replacing the damaged or destroyed structural components qualify for the special Liberty Zone depreciation allowance. Where can i get a 1040ez tax form Tests to be met. Where can i get a 1040ez tax form   To qualify for the special Liberty Zone depreciation allowance, your property must meet all of the following tests. Where can i get a 1040ez tax form Acquisition date test. Where can i get a 1040ez tax form   You must have acquired the property by purchase after September 10, 2001, and there must not have been a binding written contract for the acquisition in effect before September 11, 2001. Where can i get a 1040ez tax form   For information on the acquisition of property by purchase, see Property Acquired by Purchase on page 15 of Publication 946. Where can i get a 1040ez tax form   Property you manufacture, construct, or produce for your own use meets this test if you began the manufacture, construction, or production of the property after September 10, 2001. Where can i get a 1040ez tax form Placed in service date test. Where can i get a 1040ez tax form   Generally, the property must be placed in service for use in your trade or business or for the production of income before January 1, 2007 (January 1, 2010, in the case of qualifying nonresidential real property and residential rental property). Where can i get a 1040ez tax form   If you sold property you placed in service after September 10, 2001, and you leased it back within 3 months after the property was originally placed in service, the property is treated as placed in service no earlier than the date it is used under the leaseback. Where can i get a 1040ez tax form Substantial use test. Where can i get a 1040ez tax form   Substantially all use of the property must be in the Liberty Zone and in the active conduct of your trade or business in the Liberty Zone. Where can i get a 1040ez tax form Original use test. Where can i get a 1040ez tax form   The original use of the property in the Liberty Zone must have begun with you after September 10, 2001. Where can i get a 1040ez tax form   Used property can be qualified Liberty Zone property if it has not previously been used within the Liberty Zone. Where can i get a 1040ez tax form Also, additional capital expenditures you incurred after September 10, 2001, to recondition or rebuild your property meet the original use test if the original use of the property in the Liberty Zone began with you. Where can i get a 1040ez tax form Excepted property. Where can i get a 1040ez tax form   The following property does not qualify for the special Liberty Zone depreciation allowance. Where can i get a 1040ez tax form Property eligible for the special depreciation allowance explained earlier in Qualified Property under Special Depreciation Allowance. Where can i get a 1040ez tax form Property required to be depreciated using ADS. Where can i get a 1040ez tax form This includes listed property used 50% or less in a qualified business use. Where can i get a 1040ez tax form Qualified New York Liberty Zone leasehold improvement property (defined earlier in Excepted Property under Special Depreciation Allowance). Where can i get a 1040ez tax form Example. Where can i get a 1040ez tax form In December 2001, you bought and placed in service in your business in the Liberty Zone the following property. Where can i get a 1040ez tax form New office furniture with a MACRS recovery period of 7 years. Where can i get a 1040ez tax form A used computer with a MACRS recovery period of 5 years. Where can i get a 1040ez tax form The computer had not previously been used within the Liberty Zone. Where can i get a 1040ez tax form Because the office furniture is new property, it qualifies for the special depreciation allowance, but not the special Liberty Zone depreciation allowance. Where can i get a 1040ez tax form Because the computer is used property that had not previously been used in the Liberty Zone, it qualifies for the special Liberty Zone depreciation allowance, but not the special depreciation allowance. Where can i get a 1040ez tax form Election Not To Claim the Liberty Zone Allowance You can elect not to claim the special Liberty Zone depreciation allowance for qualified property. Where can i get a 1040ez tax form If you make this election for any property, it applies to all property in the same property class placed in service during the year. Where can i get a 1040ez tax form To make this election, attach a statement to your return indicating you elect not to claim the allowance and the class of property for which you are making the election. Where can i get a 1040ez tax form When to make the election. Where can i get a 1040ez tax form   Generally, you must make the election on a timely filed tax return (including extensions) for the year in which you place the property in service. Where can i get a 1040ez tax form   However, if you timely filed your return for the year without making the election, you can still make the election by filing an amended return within 6 months of the due date of the original return (not including extensions). Where can i get a 1040ez tax form Attach the election statement to the amended return. Where can i get a 1040ez tax form At the top of the election statement, write “Filed pursuant to section 301. Where can i get a 1040ez tax form 9100–2. Where can i get a 1040ez tax form ” Revoking an election. Where can i get a 1040ez tax form   Once you elect not to deduct the special Liberty Zone depreciation allowance for a class of property, you cannot revoke the election without IRS consent. Where can i get a 1040ez tax form A request to revoke the election is subject to a user fee. Where can i get a 1040ez tax form Returns filed before June 1, 2002. Where can i get a 1040ez tax form   The rules that apply to the special depreciation allowance discussed earlier in Rules for Returns Filed Before June 1, 2002 under Special Depreciation Allowance also apply to the special Liberty Zone depreciation allowance. Where can i get a 1040ez tax form Increased Section 179 Deduction Under section 179 of the Internal Revenue Code, you can choose to recover all or part of the cost of certain qualifying property, up to a limit, by deducting it in the year you place the property in service. Where can i get a 1040ez tax form For tax years beginning in 2000, that limit was $20,000. Where can i get a 1040ez tax form For tax years beginning in 2001 and 2002, that limit is generally $24,000. Where can i get a 1040ez tax form If the cost of qualifying section 179 property placed in service in a year is over $200,000, you must reduce the dollar limit (but not below zero) by the amount of the cost over $200,000. Where can i get a 1040ez tax form Increased Dollar Limit The dollar limit on the section 179 deduction is increased for certain property placed in service in the Liberty Zone. Where can i get a 1040ez tax form The increase is the smaller of the following amounts. Where can i get a 1040ez tax form $35,000. Where can i get a 1040ez tax form The cost of section 179 property that is qualified Liberty Zone property placed in service during the year. Where can i get a 1040ez tax form If you use the revised 2001 Form 4562 (dated March 2002) for a tax year beginning in 2000, you must reduce the section 179 dollar limit to $20,000 before adding the additional amount for qualified property. Where can i get a 1040ez tax form Qualified property. Where can i get a 1040ez tax form   To qualify for the increased section 179 deduction, your property must be section 179 property that is either: Qualified Liberty Zone property, or Property that would be qualified Liberty Zone property except that it is eligible for the special depreciation allowance. Where can i get a 1040ez tax form Qualified Liberty Zone property is explained earlier in Qualified Liberty Zone Property under Special Liberty Zone Depreciation Allowance. Where can i get a 1040ez tax form Property eligible for the special depreciation allowance is explained earlier in Qualified Property under Special Depreciation Allowance. Where can i get a 1040ez tax form For information on the requirements that must be met for property to qualify for the section 179 deduction, see What Property Qualifies? on page 14 of Publication 946. Where can i get a 1040ez tax form Example 1. Where can i get a 1040ez tax form In 2002, you place in service in your business, which is in the Liberty Zone, qualified property (defined earlier) costing $25,000. Where can i get a 1040ez tax form Because this cost is less than $35,000, the dollar limit on the section 179 deduction is increased by $25,000 to $49,000 ($24,000 + $25,000). Where can i get a 1040ez tax form Example 2. Where can i get a 1040ez tax form In 2002, you place in service in your business, which is in the Liberty Zone, qualified property (defined earlier) costing $75,000. Where can i get a 1040ez tax form Because $35,000 is less than the cost of the property you place in service, the dollar limit on the section 179 deduction you can claim is increased by $35,000 to $59,000 ($24,000 + $35,000). Where can i get a 1040ez tax form Reduced Dollar Limit Generally, you must reduce the dollar limit for a year by the cost of qualifying section 179 property placed in service in the year that is more than $200,000. Where can i get a 1040ez tax form However, if the cost of your Liberty Zone property exceeds $200,000, you take into account only 50% (instead of 100%) of the cost of qualified property placed in service in a year. Where can i get a 1040ez tax form Example. Where can i get a 1040ez tax form In 2002, you place in service in your business, which is in the Liberty Zone, qualified property costing $460,000. Where can i get a 1040ez tax form Your increased dollar limit is $59,000 ($35,000 + $24,000). Where can i get a 1040ez tax form Because 50% of the cost of the property you place in service ($230,000) is $30,000 more than $200,000, you must reduce your $59,000 dollar limit to $29,000 ($59,000 - $30,000). Where can i get a 1040ez tax form Recapture Rules Rules similar to those explained on page 20 of Publication 946 under When Must You Recapture the Deduction? apply with respect to any qualified property you stop using in the Liberty Zone. Where can i get a 1040ez tax form Returns Filed Before June 1, 2002 If you filed a return before June 1, 2002, and did not deduct the increased section 179 amount for qualified property placed in service after September 10, 2001, you can deduct the increased amount by filing an amended return by the due date (not including extensions) of the return for the year after the year the property was placed in service. Where can i get a 1040ez tax form This rule applies to returns for the following years. Where can i get a 1040ez tax form 2000 fiscal years that end after September 10, 2001. Where can i get a 1040ez tax form 2001 calendar and fiscal years. Where can i get a 1040ez tax form On the amended return, write “Filed Pursuant to Rev. Where can i get a 1040ez tax form Proc. Where can i get a 1040ez tax form 2002–33. Where can i get a 1040ez tax form ” Liberty Zone Leasehold Improvement Property Qualified Liberty Zone leasehold improvement property (described earlier in Qualified Property under Special Depreciation Allowance) is 5-year property. Where can i get a 1040ez tax form This means that it is depreciated over a recovery period of 5 years. Where can i get a 1040ez tax form For information about recovery periods, see Which Recovery Period Applies? on page 23 of Publication 946. Where can i get a 1040ez tax form The straight-line method must be used with respect to qualified Liberty Zone leasehold improvement property. Where can i get a 1040ez tax form Under ADS, the recovery period for qualified Liberty Zone leasehold improvement property is 9 years. Where can i get a 1040ez tax form Returns Filed Before June 1, 2002 If you filed either of the following returns before June 1, 2002, and did not depreciate qualified Liberty Zone leasehold improvement property placed in service during the tax year as 5-year property using the straight line method, you should file an amended return before you file your return for the year after the year the property was placed in service. Where can i get a 1040ez tax form Your 2000 fiscal year return (for a 2000 fiscal year that ends after September 10, 2001). Where can i get a 1040ez tax form Your 2001 calendar or fiscal year return. Where can i get a 1040ez tax form On the amended return, write “Filed Pursuant to Rev. Where can i get a 1040ez tax form Proc. Where can i get a 1040ez tax form 2002–33. Where can i get a 1040ez tax form ” Table 2. Where can i get a 1040ez tax form Rules for Returns Filed Before June 1, 2002 Note:This chart highlights the rules for returns affected by the Job Creation and Worker Assistance Act of 2002 that were filed before June 1, 2002, without accounting for any of the new benefits under the law. Where can i get a 1040ez tax form See the text for definitions and examples. Where can i get a 1040ez tax form Do not rely on this chart alone. Where can i get a 1040ez tax form IF you want to. Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form THEN you. Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form BY. Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form claim the special depreciation allowance or special Liberty Zone depreciation allowance • must file an amended return • the due date (not including extensions) of your return for the year after the year the property was placed in service, or • must file Form 3115, Application for Change in Accounting Method, with your return for the year after the year the property was placed in service • the due date (including extensions) of your return for the year after the year the property was placed in service, and • must file a copy of your completed Form 3115 with the IRS National Office • the date you file the original Form 3115 with your return for the year after the year the property was placed in service. Where can i get a 1040ez tax form elect not to claim the special depreciation allowance or the special Liberty Zone depreciation allowance 1 • must have filed your return timely for the year the property was placed in service, and   • must file an amended return stating you are not claiming the allowance • the date that is 6 months after the due date of the original return (not including extensions). Where can i get a 1040ez tax form deduct the increased section 179 amount • must file an amended return • the due date (not including extensions) of your return for the year after the year the property was placed in service. Where can i get a 1040ez tax form use a 5-year recovery period for depreciating qualified Liberty Zone leasehold improvement property • should file an amended return • the date you file your return for the year after the year the property was placed in service. Where can i get a 1040ez tax form 1See also Deemed election under Rules for Returns Filed Before June 1, 2002, earlier. Where can i get a 1040ez tax form Prev  Up  Next   Home   More Online Publications
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Understanding Your CP07 Notice

We received your tax return and are holding your refund until we complete a more thorough review of the benefits you claimed under a treaty and/or the deductions claimed on Schedule A.


What you need to do

  • No further action is needed on your part at this time.
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You may want to

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Answers to Common Questions

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Depending upon the results of our review, if we find no issues, we’ll send you your refund within 6-12 weeks, as long as you don't owe other taxes or debts we're required to collect.

What happens if you find problems?
We will send you a notice with additional information and instructions within 6-12 weeks.

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Page Last Reviewed or Updated: 19-Feb-2014

The Where Can I Get A 1040ez Tax Form

Where can i get a 1040ez tax form 1. Where can i get a 1040ez tax form   Traditional IRAs Table of Contents What's New for 2013 What's New for 2014 Introduction Who Can Open a Traditional IRA?What Is Compensation? When Can a Traditional IRA Be Opened? How Can a Traditional IRA Be Opened?Individual Retirement Account Individual Retirement Annuity Individual Retirement Bonds Simplified Employee Pension (SEP) Employer and Employee Association Trust Accounts Required Disclosures How Much Can Be Contributed?Limit. Where can i get a 1040ez tax form When repayment contributions can be made. Where can i get a 1040ez tax form No deduction. Where can i get a 1040ez tax form Reserve component. Where can i get a 1040ez tax form Figuring your IRA deduction. Where can i get a 1040ez tax form Reporting the repayment. Where can i get a 1040ez tax form Example. Where can i get a 1040ez tax form General Limit Kay Bailey Hutchison Spousal IRA Limit Filing Status Less Than Maximum Contributions More Than Maximum Contributions When Can Contributions Be Made? How Much Can You Deduct?Kay Bailey Hutchison Spousal IRA. Where can i get a 1040ez tax form Are You Covered by an Employer Plan? Limit if Covered by Employer Plan Reporting Deductible Contributions Nondeductible Contributions Examples — Worksheet for Reduced IRA Deduction for 2013 What if You Inherit an IRA?Treating it as your own. Where can i get a 1040ez tax form Can You Move Retirement Plan Assets?Transfers to Roth IRAs from other retirement plans. Where can i get a 1040ez tax form Trustee-to-Trustee Transfer Rollovers Transfers Incident To Divorce Converting From Any Traditional IRA Into a Roth IRA Recharacterizations When Can You Withdraw or Use Assets?Contributions Returned Before Due Date of Return When Must You Withdraw Assets? (Required Minimum Distributions)IRA Owners IRA Beneficiaries Which Table Do You Use To Determine Your Required Minimum Distribution? What Age(s) Do You Use With the Table(s)? Miscellaneous Rules for Required Minimum Distributions Are Distributions Taxable?January 2013 QCDs treated as made in 2012. Where can i get a 1040ez tax form 2013 Reporting. Where can i get a 1040ez tax form Additional reporting requirements if you made the election to treat a January 2013 QCD as made in 2012. Where can i get a 1040ez tax form One-time transfer. Where can i get a 1040ez tax form Testing period rules apply. Where can i get a 1040ez tax form More information. Where can i get a 1040ez tax form Distributions Fully or Partly Taxable Figuring the Nontaxable and Taxable Amounts Recognizing Losses on Traditional IRA Investments Other Special IRA Distribution Situations Reporting and Withholding Requirements for Taxable Amounts What Acts Result in Penalties or Additional Taxes?Prohibited Transactions Investment in Collectibles Excess Contributions Early Distributions Excess Accumulations (Insufficient Distributions) Reporting Additional Taxes What's New for 2013 Traditional IRA contribution and deduction limit. Where can i get a 1040ez tax form  The contribution limit to your traditional IRA for 2013 will be increased to the smaller of the following amounts: $5,500, or Your taxable compensation for the year. Where can i get a 1040ez tax form If you were age 50 or older before 2014, the most that can be contributed to your traditional IRA for 2013 will be the smaller of the following amounts: $6,500, or Your taxable compensation for the year. Where can i get a 1040ez tax form For more information, see How Much Can Be Contributed? in this chapter. Where can i get a 1040ez tax form Modified AGI limit for traditional IRA contributions increased. Where can i get a 1040ez tax form  For 2013, if you were covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is: More than $95,000 but less than $115,000 for a married couple filing a joint return or a qualifying widow(er), More than $59,000 but less than $69,000 for a single individual or head of household, or Less than $10,000 for a married individual filing a separate return. Where can i get a 1040ez tax form If you either lived with your spouse or file a joint return, and your spouse was covered by a retirement plan at work, but you were not, your deduction is phased out if your modified AGI is more than $178,000 but less than $188,000. Where can i get a 1040ez tax form If your modified AGI is $188,000 or more, you cannot take a deduction for contributions to a traditional IRA. Where can i get a 1040ez tax form See How Much Can You Deduct? in this chapter. Where can i get a 1040ez tax form Net Investment Income Tax. Where can i get a 1040ez tax form  For purposes of the Net Investment Income Tax (NIIT), net investment income does not include distributions from a qualified retirement plan (for example, 401(a), 403(a), 403(b), 457(b) plans, and IRAs). Where can i get a 1040ez tax form However, these distributions are taken into account when determining the modified adjusted gross income threshold. Where can i get a 1040ez tax form Distributions from a nonqualified retirement plan are included in net investment income. Where can i get a 1040ez tax form See Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts, and its instructions for more information. Where can i get a 1040ez tax form What's New for 2014 Modified AGI limit for traditional IRA contributions increased. Where can i get a 1040ez tax form  For 2014, if you are covered by a retirement plan at work, your deduction for contributions to a traditional IRA is reduced (phased out) if your modified AGI is: More than $96,000 but less than $116,000 for a married couple filing a joint return or a qualifying widow(er), More than $60,000 but less than $70,000 for a single individual or head of household, or Less than $10,000 for a married individual filing a separate return. Where can i get a 1040ez tax form If you either live with your spouse or file a joint return, and your spouse is covered by a retirement plan at work, but you are not, your deduction is phased out if your modified AGI is more than $181,000 but less than $191,000. Where can i get a 1040ez tax form If your modified AGI is $191,000 or more, you cannot take a deduction for contributions to a traditional IRA. Where can i get a 1040ez tax form Introduction This chapter discusses the original IRA. Where can i get a 1040ez tax form In this publication the original IRA (sometimes called an ordinary or regular IRA) is referred to as a “traditional IRA. Where can i get a 1040ez tax form ” A traditional IRA is any IRA that is not a Roth IRA or a SIMPLE IRA. Where can i get a 1040ez tax form The following are two advantages of a traditional IRA: You may be able to deduct some or all of your contributions to it, depending on your circumstances. Where can i get a 1040ez tax form Generally, amounts in your IRA, including earnings and gains, are not taxed until they are distributed. Where can i get a 1040ez tax form Who Can Open a Traditional IRA? You can open and make contributions to a traditional IRA if: You (or, if you file a joint return, your spouse) received taxable compensation during the year, and You were not age 70½ by the end of the year. Where can i get a 1040ez tax form You can have a traditional IRA whether or not you are covered by any other retirement plan. Where can i get a 1040ez tax form However, you may not be able to deduct all of your contributions if you or your spouse is covered by an employer retirement plan. Where can i get a 1040ez tax form See How Much Can You Deduct , later. Where can i get a 1040ez tax form Both spouses have compensation. Where can i get a 1040ez tax form   If both you and your spouse have compensation and are under age 70½, each of you can open an IRA. Where can i get a 1040ez tax form You cannot both participate in the same IRA. Where can i get a 1040ez tax form If you file a joint return, only one of you needs to have compensation. Where can i get a 1040ez tax form What Is Compensation? Generally, compensation is what you earn from working. Where can i get a 1040ez tax form For a summary of what compensation does and does not include, see Table 1-1. Where can i get a 1040ez tax form Compensation includes all of the items discussed next (even if you have more than one type). Where can i get a 1040ez tax form Wages, salaries, etc. Where can i get a 1040ez tax form   Wages, salaries, tips, professional fees, bonuses, and other amounts you receive for providing personal services are compensation. Where can i get a 1040ez tax form The IRS treats as compensation any amount properly shown in box 1 (Wages, tips, other compensation) of Form W-2, Wage and Tax Statement, provided that amount is reduced by any amount properly shown in box 11 (Nonqualified plans). Where can i get a 1040ez tax form Scholarship and fellowship payments are compensation for IRA purposes only if shown in box 1 of Form W-2. Where can i get a 1040ez tax form Commissions. Where can i get a 1040ez tax form   An amount you receive that is a percentage of profits or sales price is compensation. Where can i get a 1040ez tax form Self-employment income. Where can i get a 1040ez tax form   If you are self-employed (a sole proprietor or a partner), compensation is the net earnings from your trade or business (provided your personal services are a material income-producing factor) reduced by the total of: The deduction for contributions made on your behalf to retirement plans, and The deduction allowed for the deductible part of your self-employment taxes. Where can i get a 1040ez tax form   Compensation includes earnings from self-employment even if they are not subject to self-employment tax because of your religious beliefs. Where can i get a 1040ez tax form Self-employment loss. Where can i get a 1040ez tax form   If you have a net loss from self-employment, do not subtract the loss from your salaries or wages when figuring your total compensation. Where can i get a 1040ez tax form Alimony and separate maintenance. Where can i get a 1040ez tax form   For IRA purposes, compensation includes any taxable alimony and separate maintenance payments you receive under a decree of divorce or separate maintenance. Where can i get a 1040ez tax form Nontaxable combat pay. Where can i get a 1040ez tax form   If you were a member of the U. Where can i get a 1040ez tax form S. Where can i get a 1040ez tax form Armed Forces, compensation includes any nontaxable combat pay you received. Where can i get a 1040ez tax form This amount should be reported in box 12 of your 2013 Form W-2 with code Q. Where can i get a 1040ez tax form Table 1-1. Where can i get a 1040ez tax form Compensation for Purposes of an IRA Includes . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form Does not include . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form   earnings and profits from property. Where can i get a 1040ez tax form wages, salaries, etc. Where can i get a 1040ez tax form     interest and dividend income. Where can i get a 1040ez tax form commissions. Where can i get a 1040ez tax form     pension or annuity income. Where can i get a 1040ez tax form self-employment income. Where can i get a 1040ez tax form     deferred compensation. Where can i get a 1040ez tax form alimony and separate maintenance. Where can i get a 1040ez tax form     income from certain  partnerships. Where can i get a 1040ez tax form nontaxable combat pay. Where can i get a 1040ez tax form     any amounts you exclude from income. Where can i get a 1040ez tax form     What Is Not Compensation? Compensation does not include any of the following items. Where can i get a 1040ez tax form Earnings and profits from property, such as rental income, interest income, and dividend income. Where can i get a 1040ez tax form Pension or annuity income. Where can i get a 1040ez tax form Deferred compensation received (compensation payments postponed from a past year). Where can i get a 1040ez tax form Income from a partnership for which you do not provide services that are a material income-producing factor. Where can i get a 1040ez tax form Conservation Reserve Program (CRP) payments reported on Schedule SE (Form 1040), line 1b. Where can i get a 1040ez tax form Any amounts (other than combat pay) you exclude from income, such as foreign earned income and housing costs. Where can i get a 1040ez tax form When Can a Traditional IRA Be Opened? You can open a traditional IRA at any time. Where can i get a 1040ez tax form However, the time for making contributions for any year is limited. Where can i get a 1040ez tax form See When Can Contributions Be Made , later. Where can i get a 1040ez tax form How Can a Traditional IRA Be Opened? You can open different kinds of IRAs with a variety of organizations. Where can i get a 1040ez tax form You can open an IRA at a bank or other financial institution or with a mutual fund or life insurance company. Where can i get a 1040ez tax form You can also open an IRA through your stockbroker. Where can i get a 1040ez tax form Any IRA must meet Internal Revenue Code requirements. Where can i get a 1040ez tax form The requirements for the various arrangements are discussed below. Where can i get a 1040ez tax form Kinds of traditional IRAs. Where can i get a 1040ez tax form   Your traditional IRA can be an individual retirement account or annuity. Where can i get a 1040ez tax form It can be part of either a simplified employee pension (SEP) or an employer or employee association trust account. Where can i get a 1040ez tax form Individual Retirement Account An individual retirement account is a trust or custodial account set up in the United States for the exclusive benefit of you or your beneficiaries. Where can i get a 1040ez tax form The account is created by a written document. Where can i get a 1040ez tax form The document must show that the account meets all of the following requirements. Where can i get a 1040ez tax form The trustee or custodian must be a bank, a federally insured credit union, a savings and loan association, or an entity approved by the IRS to act as trustee or custodian. Where can i get a 1040ez tax form The trustee or custodian generally cannot accept contributions of more than the deductible amount for the year. Where can i get a 1040ez tax form However, rollover contributions and employer contributions to a simplified employee pension (SEP) can be more than this amount. Where can i get a 1040ez tax form Contributions, except for rollover contributions, must be in cash. Where can i get a 1040ez tax form See Rollovers , later. Where can i get a 1040ez tax form You must have a nonforfeitable right to the amount at all times. Where can i get a 1040ez tax form Money in your account cannot be used to buy a life insurance policy. Where can i get a 1040ez tax form Assets in your account cannot be combined with other property, except in a common trust fund or common investment fund. Where can i get a 1040ez tax form You must start receiving distributions by April 1 of the year following the year in which you reach age 70½. Where can i get a 1040ez tax form See When Must You Withdraw Assets? (Required Minimum Distributions) , later. Where can i get a 1040ez tax form Individual Retirement Annuity You can open an individual retirement annuity by purchasing an annuity contract or an endowment contract from a life insurance company. Where can i get a 1040ez tax form An individual retirement annuity must be issued in your name as the owner, and either you or your beneficiaries who survive you are the only ones who can receive the benefits or payments. Where can i get a 1040ez tax form An individual retirement annuity must meet all the following requirements. Where can i get a 1040ez tax form Your entire interest in the contract must be nonforfeitable. Where can i get a 1040ez tax form The contract must provide that you cannot transfer any portion of it to any person other than the issuer. Where can i get a 1040ez tax form There must be flexible premiums so that if your compensation changes, your payment can also change. Where can i get a 1040ez tax form This provision applies to contracts issued after November 6, 1978. Where can i get a 1040ez tax form The contract must provide that contributions cannot be more than the deductible amount for an IRA for the year, and that you must use any refunded premiums to pay for future premiums or to buy more benefits before the end of the calendar year after the year in which you receive the refund. Where can i get a 1040ez tax form Distributions must begin by April 1 of the year following the year in which you reach age 70½. Where can i get a 1040ez tax form See When Must You Withdraw Assets? (Required Minimum Distributions) , later. Where can i get a 1040ez tax form Individual Retirement Bonds The sale of individual retirement bonds issued by the federal government was suspended after April 30, 1982. Where can i get a 1040ez tax form The bonds have the following features. Where can i get a 1040ez tax form They stop earning interest when you reach age 70½. Where can i get a 1040ez tax form If you die, interest will stop 5 years after your death, or on the date you would have reached age 70½, whichever is earlier. Where can i get a 1040ez tax form You cannot transfer the bonds. Where can i get a 1040ez tax form If you cash (redeem) the bonds before the year in which you reach age 59½, you may be subject to a 10% additional tax. Where can i get a 1040ez tax form See Age 59½ Rule under Early Distributions, later. Where can i get a 1040ez tax form You can roll over redemption proceeds into IRAs. Where can i get a 1040ez tax form Simplified Employee Pension (SEP) A simplified employee pension (SEP) is a written arrangement that allows your employer to make deductible contributions to a traditional IRA (a SEP IRA) set up for you to receive such contributions. Where can i get a 1040ez tax form Generally, distributions from SEP IRAs are subject to the withdrawal and tax rules that apply to traditional IRAs. Where can i get a 1040ez tax form See Publication 560 for more information about SEPs. Where can i get a 1040ez tax form Employer and Employee Association Trust Accounts Your employer or your labor union or other employee association can set up a trust to provide individual retirement accounts for employees or members. Where can i get a 1040ez tax form The requirements for individual retirement accounts apply to these traditional IRAs. Where can i get a 1040ez tax form Required Disclosures The trustee or issuer (sometimes called the sponsor) of your traditional IRA generally must give you a disclosure statement at least 7 days before you open your IRA. Where can i get a 1040ez tax form However, the sponsor does not have to give you the statement until the date you open (or purchase, if earlier) your IRA, provided you are given at least 7 days from that date to revoke the IRA. Where can i get a 1040ez tax form The disclosure statement must explain certain items in plain language. Where can i get a 1040ez tax form For example, the statement should explain when and how you can revoke the IRA, and include the name, address, and telephone number of the person to receive the notice of cancellation. Where can i get a 1040ez tax form This explanation must appear at the beginning of the disclosure statement. Where can i get a 1040ez tax form If you revoke your IRA within the revocation period, the sponsor must return to you the entire amount you paid. Where can i get a 1040ez tax form The sponsor must report on the appropriate IRS forms both your contribution to the IRA (unless it was made by a trustee-to-trustee transfer) and the amount returned to you. Where can i get a 1040ez tax form These requirements apply to all sponsors. Where can i get a 1040ez tax form How Much Can Be Contributed? There are limits and other rules that affect the amount that can be contributed to a traditional IRA. Where can i get a 1040ez tax form These limits and rules are explained below. Where can i get a 1040ez tax form Community property laws. Where can i get a 1040ez tax form   Except as discussed later under Kay Bailey Hutchison Spousal IRA Limit , each spouse figures his or her limit separately, using his or her own compensation. Where can i get a 1040ez tax form This is the rule even in states with community property laws. Where can i get a 1040ez tax form Brokers' commissions. Where can i get a 1040ez tax form   Brokers' commissions paid in connection with your traditional IRA are subject to the contribution limit. Where can i get a 1040ez tax form For information about whether you can deduct brokers' commissions, see Brokers' commissions , later, under How Much Can You Deduct. Where can i get a 1040ez tax form Trustees' fees. Where can i get a 1040ez tax form   Trustees' administrative fees are not subject to the contribution limit. Where can i get a 1040ez tax form For information about whether you can deduct trustees' fees, see Trustees' fees , later, under How Much Can You Deduct. Where can i get a 1040ez tax form Qualified reservist repayments. Where can i get a 1040ez tax form   If you were a member of a reserve component and you were ordered or called to active duty after September 11, 2001, you may be able to contribute (repay) to an IRA amounts equal to any qualified reservist distributions (defined later under Early Distributions) you received. Where can i get a 1040ez tax form You can make these repayment contributions even if they would cause your total contributions to the IRA to be more than the general limit on contributions. Where can i get a 1040ez tax form To be eligible to make these repayment contributions, you must have received a qualified reservist distribution from an IRA or from a section 401(k) or 403(b) plan or a similar arrangement. Where can i get a 1040ez tax form Limit. Where can i get a 1040ez tax form   Your qualified reservist repayments cannot be more than your qualified reservist distributions, explained under Early Distributions , later. Where can i get a 1040ez tax form When repayment contributions can be made. Where can i get a 1040ez tax form   You cannot make these repayment contributions later than the date that is 2 years after your active duty period ends. Where can i get a 1040ez tax form No deduction. Where can i get a 1040ez tax form   You cannot deduct qualified reservist repayments. Where can i get a 1040ez tax form Reserve component. Where can i get a 1040ez tax form   The term “reserve component” means the: Army National Guard of the United States, Army Reserve, Naval Reserve, Marine Corps Reserve, Air National Guard of the United States, Air Force Reserve, Coast Guard Reserve, or Reserve Corps of the Public Health Service. Where can i get a 1040ez tax form Figuring your IRA deduction. Where can i get a 1040ez tax form   The repayment of qualified reservist distributions does not affect the amount you can deduct as an IRA contribution. Where can i get a 1040ez tax form Reporting the repayment. Where can i get a 1040ez tax form   If you repay a qualified reservist distribution, include the amount of the repayment with nondeductible contributions on line 1 of Form 8606. Where can i get a 1040ez tax form Example. Where can i get a 1040ez tax form   In 2013, your IRA contribution limit is $5,500. Where can i get a 1040ez tax form However, because of your filing status and AGI, the limit on the amount you can deduct is $3,500. Where can i get a 1040ez tax form You can make a nondeductible contribution of $2,000 ($5,500 - $3,500). Where can i get a 1040ez tax form In an earlier year you received a $3,000 qualified reservist distribution, which you would like to repay this year. Where can i get a 1040ez tax form   For 2013, you can contribute a total of $8,500 to your IRA. Where can i get a 1040ez tax form This is made up of the maximum deductible contribution of $3,500; a nondeductible contribution of $2,000; and a $3,000 qualified reservist repayment. Where can i get a 1040ez tax form You contribute the maximum allowable for the year. Where can i get a 1040ez tax form Since you are making a nondeductible contribution ($2,000) and a qualified reservist repayment ($3,000), you must file Form 8606 with your return and include $5,000 ($2,000 + $3,000) on line 1 of Form 8606. Where can i get a 1040ez tax form The qualified reservist repayment is not deductible. Where can i get a 1040ez tax form Contributions on your behalf to a traditional IRA reduce your limit for contributions to a Roth IRA. Where can i get a 1040ez tax form See chapter 2 for information about Roth IRAs. Where can i get a 1040ez tax form General Limit For 2013, the most that can be contributed to your traditional IRA generally is the smaller of the following amounts: $5,500 ($6,500 if you are age 50 or older), or Your taxable compensation (defined earlier) for the year. Where can i get a 1040ez tax form Note. Where can i get a 1040ez tax form This limit is reduced by any contributions to a section 501(c)(18) plan (generally, a pension plan created before June 25, 1959, that is funded entirely by employee contributions). Where can i get a 1040ez tax form This is the most that can be contributed regardless of whether the contributions are to one or more traditional IRAs or whether all or part of the contributions are nondeductible. Where can i get a 1040ez tax form (See Nondeductible Contributions , later. Where can i get a 1040ez tax form ) Qualified reservist repayments do not affect this limit. Where can i get a 1040ez tax form Examples. Where can i get a 1040ez tax form George, who is 34 years old and single, earns $24,000 in 2013. Where can i get a 1040ez tax form His IRA contributions for 2013 are limited to $5,500. Where can i get a 1040ez tax form Danny, an unmarried college student working part time, earns $3,500 in 2013. Where can i get a 1040ez tax form His IRA contributions for 2013 are limited to $3,500, the amount of his compensation. Where can i get a 1040ez tax form More than one IRA. Where can i get a 1040ez tax form   If you have more than one IRA, the limit applies to the total contributions made on your behalf to all your traditional IRAs for the year. Where can i get a 1040ez tax form Annuity or endowment contracts. Where can i get a 1040ez tax form   If you invest in an annuity or endowment contract under an individual retirement annuity, no more than $5,500 ($6,500 if you are age 50 or older) can be contributed toward its cost for the tax year, including the cost of life insurance coverage. Where can i get a 1040ez tax form If more than this amount is contributed, the annuity or endowment contract is disqualified. Where can i get a 1040ez tax form Kay Bailey Hutchison Spousal IRA Limit For 2013, if you file a joint return and your taxable compensation is less than that of your spouse, the most that can be contributed for the year to your IRA is the smaller of the following two amounts: $5,500 ($6,500 if you are age 50 or older), or The total compensation includible in the gross income of both you and your spouse for the year, reduced by the following two amounts. Where can i get a 1040ez tax form Your spouse's IRA contribution for the year to a traditional IRA. Where can i get a 1040ez tax form Any contributions for the year to a Roth IRA on behalf of your spouse. Where can i get a 1040ez tax form This means that the total combined contributions that can be made for the year to your IRA and your spouse's IRA can be as much as $11,000 ($12,000 if only one of you is age 50 or older or $13,000 if both of you are age 50 or older). Where can i get a 1040ez tax form Note. Where can i get a 1040ez tax form This traditional IRA limit is reduced by any contributions to a section 501(c)(18) plan (generally, a pension plan created before June 25, 1959, that is funded entirely by employee contributions). Where can i get a 1040ez tax form Example. Where can i get a 1040ez tax form Kristin, a full-time student with no taxable compensation, marries Carl during the year. Where can i get a 1040ez tax form Neither of them was age 50 by the end of 2013. Where can i get a 1040ez tax form For the year, Carl has taxable compensation of $30,000. Where can i get a 1040ez tax form He plans to contribute (and deduct) $5,500 to a traditional IRA. Where can i get a 1040ez tax form If he and Kristin file a joint return, each can contribute $5,500 to a traditional IRA. Where can i get a 1040ez tax form This is because Kristin, who has no compensation, can add Carl's compensation, reduced by the amount of his IRA contribution ($30,000 − $5,500 = $24,500), to her own compensation (-0-) to figure her maximum contribution to a traditional IRA. Where can i get a 1040ez tax form In her case, $5,500 is her contribution limit, because $5,500 is less than $24,500 (her compensation for purposes of figuring her contribution limit). Where can i get a 1040ez tax form Filing Status Generally, except as discussed earlier under Kay Bailey Hutchison Spousal IRA Limit , your filing status has no effect on the amount of allowable contributions to your traditional IRA. Where can i get a 1040ez tax form However, if during the year either you or your spouse was covered by a retirement plan at work, your deduction may be reduced or eliminated, depending on your filing status and income. Where can i get a 1040ez tax form See How Much Can You Deduct , later. Where can i get a 1040ez tax form Example. Where can i get a 1040ez tax form Tom and Darcy are married and both are 53. Where can i get a 1040ez tax form They both work and each has a traditional IRA. Where can i get a 1040ez tax form Tom earned $3,800 and Darcy earned $48,000 in 2013. Where can i get a 1040ez tax form Because of the Kay Bailey Hutchison Spousal IRA limit rule, even though Tom earned less than $6,500, they can contribute up to $6,500 to his IRA for 2013 if they file a joint return. Where can i get a 1040ez tax form They can contribute up to $6,500 to Darcy's IRA. Where can i get a 1040ez tax form If they file separate returns, the amount that can be contributed to Tom's IRA is limited by his earned income, $3,800. Where can i get a 1040ez tax form Less Than Maximum Contributions If contributions to your traditional IRA for a year were less than the limit, you cannot contribute more after the due date of your return for that year to make up the difference. Where can i get a 1040ez tax form Example. Where can i get a 1040ez tax form Rafael, who is 40, earns $30,000 in 2013. Where can i get a 1040ez tax form Although he can contribute up to $5,500 for 2013, he contributes only $3,000. Where can i get a 1040ez tax form After April 15, 2014, Rafael cannot make up the difference between his actual contributions for 2013 ($3,000) and his 2013 limit ($5,500). Where can i get a 1040ez tax form He cannot contribute $2,500 more than the limit for any later year. Where can i get a 1040ez tax form More Than Maximum Contributions If contributions to your IRA for a year were more than the limit, you can apply the excess contribution in one year to a later year if the contributions for that later year are less than the maximum allowed for that year. Where can i get a 1040ez tax form However, a penalty or additional tax may apply. Where can i get a 1040ez tax form See Excess Contributions , later, under What Acts Result in Penalties or Additional Taxes. Where can i get a 1040ez tax form When Can Contributions Be Made? As soon as you open your traditional IRA, contributions can be made to it through your chosen sponsor (trustee or other administrator). Where can i get a 1040ez tax form Contributions must be in the form of money (cash, check, or money order). Where can i get a 1040ez tax form Property cannot be contributed. Where can i get a 1040ez tax form Although property cannot be contributed, your IRA may invest in certain property. Where can i get a 1040ez tax form For example, your IRA may purchase shares of stock. Where can i get a 1040ez tax form For other restrictions on the use of funds in your IRA, see Prohibited Transactions , later in this chapter. Where can i get a 1040ez tax form You may be able to transfer or roll over certain property from one retirement plan to another. Where can i get a 1040ez tax form See the discussion of rollovers and other transfers later in this chapter under Can You Move Retirement Plan Assets . Where can i get a 1040ez tax form You can make a contribution to your IRA by having your income tax refund (or a portion of your refund), if any, paid directly to your traditional IRA, Roth IRA, or SEP IRA. Where can i get a 1040ez tax form For details, see the instructions for your income tax return or Form 8888, Allocation of Refund (Including Savings Bond Purchases). Where can i get a 1040ez tax form Contributions can be made to your traditional IRA for each year that you receive compensation and have not reached age 70½. Where can i get a 1040ez tax form For any year in which you do not work, contributions cannot be made to your IRA unless you receive alimony, nontaxable combat pay, military differential pay, or file a joint return with a spouse who has compensation. Where can i get a 1040ez tax form See Who Can Open a Traditional IRA , earlier. Where can i get a 1040ez tax form Even if contributions cannot be made for the current year, the amounts contributed for years in which you did qualify can remain in your IRA. Where can i get a 1040ez tax form Contributions can resume for any years that you qualify. Where can i get a 1040ez tax form Contributions must be made by due date. Where can i get a 1040ez tax form   Contributions can be made to your traditional IRA for a year at any time during the year or by the due date for filing your return for that year, not including extensions. Where can i get a 1040ez tax form For most people, this means that contributions for 2013 must be made by April 15, 2014, and contributions for 2014 must be made by April 15, 2015. Where can i get a 1040ez tax form Age 70½ rule. Where can i get a 1040ez tax form   Contributions cannot be made to your traditional IRA for the year in which you reach age 70½ or for any later year. Where can i get a 1040ez tax form   You attain age 70½ on the date that is 6 calendar months after the 70th anniversary of your birth. Where can i get a 1040ez tax form If you were born on or before June 30, 1943, you cannot contribute for 2013 or any later year. Where can i get a 1040ez tax form Designating year for which contribution is made. Where can i get a 1040ez tax form   If an amount is contributed to your traditional IRA between January 1 and April 15, you should tell the sponsor which year (the current year or the previous year) the contribution is for. Where can i get a 1040ez tax form If you do not tell the sponsor which year it is for, the sponsor can assume, and report to the IRS, that the contribution is for the current year (the year the sponsor received it). Where can i get a 1040ez tax form Filing before a contribution is made. Where can i get a 1040ez tax form    You can file your return claiming a traditional IRA contribution before the contribution is actually made. Where can i get a 1040ez tax form Generally, the contribution must be made by the due date of your return, not including extensions. Where can i get a 1040ez tax form Contributions not required. Where can i get a 1040ez tax form   You do not have to contribute to your traditional IRA for every tax year, even if you can. Where can i get a 1040ez tax form How Much Can You Deduct? Generally, you can deduct the lesser of: The contributions to your traditional IRA for the year, or The general limit (or the Kay Bailey Hutchison Spousal IRA limit, if applicable) explained earlier under How Much Can Be Contributed . Where can i get a 1040ez tax form However, if you or your spouse was covered by an employer retirement plan, you may not be able to deduct this amount. Where can i get a 1040ez tax form See Limit if Covered by Employer Plan , later. Where can i get a 1040ez tax form You may be able to claim a credit for contributions to your traditional IRA. Where can i get a 1040ez tax form For more information, see chapter 4. Where can i get a 1040ez tax form Trustees' fees. Where can i get a 1040ez tax form   Trustees' administrative fees that are billed separately and paid in connection with your traditional IRA are not deductible as IRA contributions. Where can i get a 1040ez tax form However, they may be deductible as a miscellaneous itemized deduction on Schedule A (Form 1040). Where can i get a 1040ez tax form For information about miscellaneous itemized deductions, see Publication 529, Miscellaneous Deductions. Where can i get a 1040ez tax form Brokers' commissions. Where can i get a 1040ez tax form   These commissions are part of your IRA contribution and, as such, are deductible subject to the limits. Where can i get a 1040ez tax form Full deduction. Where can i get a 1040ez tax form   If neither you nor your spouse was covered for any part of the year by an employer retirement plan, you can take a deduction for total contributions to one or more of your traditional IRAs of up to the lesser of: $5,500 ($6,500 if you are age 50 or older), or 100% of your compensation. Where can i get a 1040ez tax form   This limit is reduced by any contributions made to a 501(c)(18) plan on your behalf. Where can i get a 1040ez tax form Kay Bailey Hutchison Spousal IRA. Where can i get a 1040ez tax form   In the case of a married couple with unequal compensation who file a joint return, the deduction for contributions to the traditional IRA of the spouse with less compensation is limited to the lesser of: $5,500 ($6,500 if the spouse with the lower compensation is age 50 or older), or The total compensation includible in the gross income of both spouses for the year reduced by the following three amounts. Where can i get a 1040ez tax form The IRA deduction for the year of the spouse with the greater compensation. Where can i get a 1040ez tax form Any designated nondeductible contribution for the year made on behalf of the spouse with the greater compensation. Where can i get a 1040ez tax form Any contributions for the year to a Roth IRA on behalf of the spouse with the greater compensation. Where can i get a 1040ez tax form   This limit is reduced by any contributions to a section 501(c)(18) plan on behalf of the spouse with the lesser compensation. Where can i get a 1040ez tax form Note. Where can i get a 1040ez tax form If you were divorced or legally separated (and did not remarry) before the end of the year, you cannot deduct any contributions to your spouse's IRA. Where can i get a 1040ez tax form After a divorce or legal separation, you can deduct only the contributions to your own IRA. Where can i get a 1040ez tax form Your deductions are subject to the rules for single individuals. Where can i get a 1040ez tax form Covered by an employer retirement plan. Where can i get a 1040ez tax form   If you or your spouse was covered by an employer retirement plan at any time during the year for which contributions were made, your deduction may be further limited. Where can i get a 1040ez tax form This is discussed later under Limit if Covered by Employer Plan . Where can i get a 1040ez tax form Limits on the amount you can deduct do not affect the amount that can be contributed. Where can i get a 1040ez tax form Are You Covered by an Employer Plan? The Form W-2 you receive from your employer has a box used to indicate whether you were covered for the year. Where can i get a 1040ez tax form The “Retirement Plan” box should be checked if you were covered. Where can i get a 1040ez tax form Reservists and volunteer firefighters should also see Situations in Which You Are Not Covered , later. Where can i get a 1040ez tax form If you are not certain whether you were covered by your employer's retirement plan, you should ask your employer. Where can i get a 1040ez tax form Federal judges. Where can i get a 1040ez tax form   For purposes of the IRA deduction, federal judges are covered by an employer plan. Where can i get a 1040ez tax form For Which Year(s) Are You Covered? Special rules apply to determine the tax years for which you are covered by an employer plan. Where can i get a 1040ez tax form These rules differ depending on whether the plan is a defined contribution plan or a defined benefit plan. Where can i get a 1040ez tax form Tax year. Where can i get a 1040ez tax form   Your tax year is the annual accounting period you use to keep records and report income and expenses on your income tax return. Where can i get a 1040ez tax form For almost all people, the tax year is the calendar year. Where can i get a 1040ez tax form Defined contribution plan. Where can i get a 1040ez tax form   Generally, you are covered by a defined contribution plan for a tax year if amounts are contributed or allocated to your account for the plan year that ends with or within that tax year. Where can i get a 1040ez tax form However, also see Situations in Which You Are Not Covered , later. Where can i get a 1040ez tax form   A defined contribution plan is a plan that provides for a separate account for each person covered by the plan. Where can i get a 1040ez tax form In a defined contribution plan, the amount to be contributed to each participant's account is spelled out in the plan. Where can i get a 1040ez tax form The level of benefits actually provided to a participant depends on the total amount contributed to that participant's account and any earnings and losses on those contributions. Where can i get a 1040ez tax form Types of defined contribution plans include profit-sharing plans, stock bonus plans, and money purchase pension plans. Where can i get a 1040ez tax form Example. Where can i get a 1040ez tax form Company A has a money purchase pension plan. Where can i get a 1040ez tax form Its plan year is from July 1 to June 30. Where can i get a 1040ez tax form The plan provides that contributions must be allocated as of June 30. Where can i get a 1040ez tax form Bob, an employee, leaves Company A on December 31, 2012. Where can i get a 1040ez tax form The contribution for the plan year ending on June 30, 2013, is made February 15, 2014. Where can i get a 1040ez tax form Because an amount is contributed to Bob's account for the plan year, Bob is covered by the plan for his 2013 tax year. Where can i get a 1040ez tax form   A special rule applies to certain plans in which it is not possible to determine if an amount will be contributed to your account for a given plan year. Where can i get a 1040ez tax form If, for a plan year, no amounts have been allocated to your account that are attributable to employer contributions, employee contributions, or forfeitures, by the last day of the plan year, and contributions are discretionary for the plan year, you are not covered for the tax year in which the plan year ends. Where can i get a 1040ez tax form If, after the plan year ends, the employer makes a contribution for that plan year, you are covered for the tax year in which the contribution is made. Where can i get a 1040ez tax form Example. Where can i get a 1040ez tax form Mickey was covered by a profit-sharing plan and left the company on December 31, 2012. Where can i get a 1040ez tax form The plan year runs from July 1 to June 30. Where can i get a 1040ez tax form Under the terms of the plan, employer contributions do not have to be made, but if they are made, they are contributed to the plan before the due date for filing the company's tax return. Where can i get a 1040ez tax form Such contributions are allocated as of the last day of the plan year, and allocations are made to the accounts of individuals who have any service during the plan year. Where can i get a 1040ez tax form As of June 30, 2013, no contributions were made that were allocated to the June 30, 2013, plan year, and no forfeitures had been allocated within the plan year. Where can i get a 1040ez tax form In addition, as of that date, the company was not obligated to make a contribution for such plan year and it was impossible to determine whether or not a contribution would be made for the plan year. Where can i get a 1040ez tax form On December 31, 2013, the company decided to contribute to the plan for the plan year ending June 30, 2013. Where can i get a 1040ez tax form That contribution was made on February 15, 2014. Where can i get a 1040ez tax form Mickey is an active participant in the plan for his 2014 tax year but not for his 2013 tax year. Where can i get a 1040ez tax form No vested interest. Where can i get a 1040ez tax form   If an amount is allocated to your account for a plan year, you are covered by that plan even if you have no vested interest in (legal right to) the account. Where can i get a 1040ez tax form Defined benefit plan. Where can i get a 1040ez tax form   If you are eligible to participate in your employer's defined benefit plan for the plan year that ends within your tax year, you are covered by the plan. Where can i get a 1040ez tax form This rule applies even if you: Declined to participate in the plan, Did not make a required contribution, or Did not perform the minimum service required to accrue a benefit for the year. Where can i get a 1040ez tax form   A defined benefit plan is any plan that is not a defined contribution plan. Where can i get a 1040ez tax form In a defined benefit plan, the level of benefits to be provided to each participant is spelled out in the plan. Where can i get a 1040ez tax form The plan administrator figures the amount needed to provide those benefits and those amounts are contributed to the plan. Where can i get a 1040ez tax form Defined benefit plans include pension plans and annuity plans. Where can i get a 1040ez tax form Example. Where can i get a 1040ez tax form Nick, an employee of Company B, is eligible to participate in Company B's defined benefit plan, which has a July 1 to June 30 plan year. Where can i get a 1040ez tax form Nick leaves Company B on December 31, 2012. Where can i get a 1040ez tax form Because Nick is eligible to participate in the plan for its year ending June 30, 2013, he is covered by the plan for his 2013 tax year. Where can i get a 1040ez tax form No vested interest. Where can i get a 1040ez tax form   If you accrue a benefit for a plan year, you are covered by that plan even if you have no vested interest in (legal right to) the accrual. Where can i get a 1040ez tax form Situations in Which You Are Not Covered Unless you are covered by another employer plan, you are not covered by an employer plan if you are in one of the situations described below. Where can i get a 1040ez tax form Social security or railroad retirement. Where can i get a 1040ez tax form   Coverage under social security or railroad retirement is not coverage under an employer retirement plan. Where can i get a 1040ez tax form Benefits from previous employer's plan. Where can i get a 1040ez tax form   If you receive retirement benefits from a previous employer's plan, you are not covered by that plan. Where can i get a 1040ez tax form Reservists. Where can i get a 1040ez tax form   If the only reason you participate in a plan is because you are a member of a reserve unit of the Armed Forces, you may not be covered by the plan. Where can i get a 1040ez tax form You are not covered by the plan if both of the following conditions are met. Where can i get a 1040ez tax form The plan you participate in is established for its employees by: The United States, A state or political subdivision of a state, or An instrumentality of either (a) or (b) above. Where can i get a 1040ez tax form You did not serve more than 90 days on active duty during the year (not counting duty for training). Where can i get a 1040ez tax form Volunteer firefighters. Where can i get a 1040ez tax form   If the only reason you participate in a plan is because you are a volunteer firefighter, you may not be covered by the plan. Where can i get a 1040ez tax form You are not covered by the plan if both of the following conditions are met. Where can i get a 1040ez tax form The plan you participate in is established for its employees by: The United States, A state or political subdivision of a state, or An instrumentality of either (a) or (b) above. Where can i get a 1040ez tax form Your accrued retirement benefits at the beginning of the year will not provide more than $1,800 per year at retirement. Where can i get a 1040ez tax form Limit if Covered by Employer Plan As discussed earlier, the deduction you can take for contributions made to your traditional IRA depends on whether you or your spouse was covered for any part of the year by an employer retirement plan. Where can i get a 1040ez tax form Your deduction is also affected by how much income you had and by your filing status. Where can i get a 1040ez tax form Your deduction may also be affected by social security benefits you received. Where can i get a 1040ez tax form Reduced or no deduction. Where can i get a 1040ez tax form   If either you or your spouse was covered by an employer retirement plan, you may be entitled to only a partial (reduced) deduction or no deduction at all, depending on your income and your filing status. Where can i get a 1040ez tax form   Your deduction begins to decrease (phase out) when your income rises above a certain amount and is eliminated altogether when it reaches a higher amount. Where can i get a 1040ez tax form These amounts vary depending on your filing status. Where can i get a 1040ez tax form   To determine if your deduction is subject to the phaseout, you must determine your modified adjusted gross income (AGI) and your filing status, as explained later under Deduction Phaseout . Where can i get a 1040ez tax form Once you have determined your modified AGI and your filing status, you can use Table 1-2 or Table 1-3 to determine if the phaseout applies. Where can i get a 1040ez tax form Social Security Recipients Instead of using Table 1-2 or Table 1-3 and Worksheet 1-2, Figuring Your Reduced IRA Deduction for 2013, later, complete the worksheets in Appendix B of this publication if, for the year, all of the following apply. Where can i get a 1040ez tax form You received social security benefits. Where can i get a 1040ez tax form You received taxable compensation. Where can i get a 1040ez tax form Contributions were made to your traditional IRA. Where can i get a 1040ez tax form You or your spouse was covered by an employer retirement plan. Where can i get a 1040ez tax form Use the worksheets in Appendix B to figure your IRA deduction, your nondeductible contribution, and the taxable portion, if any, of your social security benefits. Where can i get a 1040ez tax form Appendix B includes an example with filled-in worksheets to assist you. Where can i get a 1040ez tax form Table 1-2. Where can i get a 1040ez tax form Effect of Modified AGI1 on Deduction if You Are Covered by a Retirement Plan at Work If you are covered by a retirement plan at work, use this table to determine if your modified AGI affects the amount of your deduction. Where can i get a 1040ez tax form IF your filing status is . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form AND your modified adjusted gross income (modified AGI) is . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form THEN you can take . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form single or head of household $59,000 or less a full deduction. Where can i get a 1040ez tax form more than $59,000 but less than $69,000 a partial deduction. Where can i get a 1040ez tax form $69,000 or more no deduction. Where can i get a 1040ez tax form married filing jointly or  qualifying widow(er) $95,000 or less a full deduction. Where can i get a 1040ez tax form more than $95,000 but less than $115,000 a partial deduction. Where can i get a 1040ez tax form $115,000 or more no deduction. Where can i get a 1040ez tax form married filing separately2 less than $10,000 a partial deduction. Where can i get a 1040ez tax form $10,000 or more no deduction. Where can i get a 1040ez tax form 1 Modified AGI (adjusted gross income). Where can i get a 1040ez tax form See Modified adjusted gross income (AGI) , later. Where can i get a 1040ez tax form  2 If you did not live with your spouse at any time during the year, your filing status is considered Single for this purpose (therefore, your IRA deduction is determined under the “Single” filing status). Where can i get a 1040ez tax form Table 1-3. Where can i get a 1040ez tax form Effect of Modified AGI1 on Deduction if You Are NOT Covered by a Retirement Plan at Work If you are not covered by a retirement plan at work, use this table to determine if your modified AGI affects the amount of your deduction. Where can i get a 1040ez tax form IF your filing status is . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form AND your modified adjusted gross income (modified AGI) is . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form THEN you can take . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form single, head of household, or qualifying widow(er) any amount a full deduction. Where can i get a 1040ez tax form married filing jointly or separately with a spouse who is not covered by a plan at work any amount a full deduction. Where can i get a 1040ez tax form married filing jointly with a spouse who is covered by a plan at work $178,000 or less a full deduction. Where can i get a 1040ez tax form more than $178,000 but less than $188,000 a partial deduction. Where can i get a 1040ez tax form $188,000 or more no deduction. Where can i get a 1040ez tax form married filing separately with a spouse who is covered by a plan at work2 less than $10,000 a partial deduction. Where can i get a 1040ez tax form $10,000 or more no deduction. Where can i get a 1040ez tax form 1 Modified AGI (adjusted gross income). Where can i get a 1040ez tax form See Modified adjusted gross income (AGI) , later. Where can i get a 1040ez tax form  2 You are entitled to the full deduction if you did not live with your spouse at any time during the year. Where can i get a 1040ez tax form For 2014, if you are not covered by a retirement plan at work and you are married filing jointly with a spouse who is covered by a plan at work, your deduction is phased out if your modified AGI is more than $181,000 but less than $191,000. Where can i get a 1040ez tax form If your AGI is $191,000 or more, you cannot take a deduction for a contribution to a traditional IRA. Where can i get a 1040ez tax form Deduction Phaseout The amount of any reduction in the limit on your IRA deduction (phaseout) depends on whether you or your spouse was covered by an employer retirement plan. Where can i get a 1040ez tax form Covered by a retirement plan. Where can i get a 1040ez tax form   If you are covered by an employer retirement plan and you did not receive any social security retirement benefits, your IRA deduction may be reduced or eliminated depending on your filing status and modified AGI, as shown in Table 1-2. Where can i get a 1040ez tax form For 2014, if you are covered by a retirement plan at work, your IRA deduction will not be reduced (phased out) unless your modified AGI is: More than $60,000 but less than $70,000 for a single individual (or head of household), More than $96,000 but less than $116,000 for a married couple filing a joint return (or a qualifying widow(er)), or Less than $10,000 for a married individual filing a separate return. Where can i get a 1040ez tax form If your spouse is covered. Where can i get a 1040ez tax form   If you are not covered by an employer retirement plan, but your spouse is, and you did not receive any social security benefits, your IRA deduction may be reduced or eliminated entirely depending on your filing status and modified AGI as shown in Table 1-3. Where can i get a 1040ez tax form Filing status. Where can i get a 1040ez tax form   Your filing status depends primarily on your marital status. Where can i get a 1040ez tax form For this purpose, you need to know if your filing status is single or head of household, married filing jointly or qualifying widow(er), or married filing separately. Where can i get a 1040ez tax form If you need more information on filing status, see Publication 501, Exemptions, Standard Deduction, and Filing Information. Where can i get a 1040ez tax form Lived apart from spouse. Where can i get a 1040ez tax form   If you did not live with your spouse at any time during the year and you file a separate return, your filing status, for this purpose, is single. Where can i get a 1040ez tax form Modified adjusted gross income (AGI). Where can i get a 1040ez tax form   You can use Worksheet 1-1 to figure your modified AGI. Where can i get a 1040ez tax form If you made contributions to your IRA for 2013 and received a distribution from your IRA in 2013, see Both contributions for 2013 and distributions in 2013 , later. Where can i get a 1040ez tax form    Do not assume that your modified AGI is the same as your compensation. Where can i get a 1040ez tax form Your modified AGI may include income in addition to your compensation (discussed earlier) such as interest, dividends, and income from IRA distributions. Where can i get a 1040ez tax form Form 1040. Where can i get a 1040ez tax form   If you file Form 1040, refigure the amount on the page 1 “adjusted gross income” line without taking into account any of the following amounts. Where can i get a 1040ez tax form IRA deduction. Where can i get a 1040ez tax form Student loan interest deduction. Where can i get a 1040ez tax form Tuition and fees deduction. Where can i get a 1040ez tax form Domestic production activities deduction. Where can i get a 1040ez tax form Foreign earned income exclusion. Where can i get a 1040ez tax form Foreign housing exclusion or deduction. Where can i get a 1040ez tax form Exclusion of qualified savings bond interest shown on Form 8815. Where can i get a 1040ez tax form Exclusion of employer-provided adoption benefits shown on Form 8839. Where can i get a 1040ez tax form This is your modified AGI. Where can i get a 1040ez tax form Form 1040A. Where can i get a 1040ez tax form   If you file Form 1040A, refigure the amount on the page 1 “adjusted gross income” line without taking into account any of the following amounts. Where can i get a 1040ez tax form IRA deduction. Where can i get a 1040ez tax form Student loan interest deduction. Where can i get a 1040ez tax form Tuition and fees deduction. Where can i get a 1040ez tax form Exclusion of qualified savings bond interest shown on Form 8815. Where can i get a 1040ez tax form This is your modified AGI. Where can i get a 1040ez tax form Form 1040NR. Where can i get a 1040ez tax form   If you file Form 1040NR, refigure the amount on the page 1 “adjusted gross income” line without taking into account any of the following amounts. Where can i get a 1040ez tax form IRA deduction. Where can i get a 1040ez tax form Student loan interest deduction. Where can i get a 1040ez tax form Domestic production activities deduction. Where can i get a 1040ez tax form Exclusion of qualified savings bond interest shown on Form 8815. Where can i get a 1040ez tax form Exclusion of employer-provided adoption benefits shown on Form 8839. Where can i get a 1040ez tax form This is your modified AGI. Where can i get a 1040ez tax form Income from IRA distributions. Where can i get a 1040ez tax form   If you received distributions in 2013 from one or more traditional IRAs and your traditional IRAs include only deductible contributions, the distributions are fully taxable and are included in your modified AGI. Where can i get a 1040ez tax form Both contributions for 2013 and distributions in 2013. Where can i get a 1040ez tax form   If all three of the following apply, any IRA distributions you received in 2013 may be partly tax free and partly taxable. Where can i get a 1040ez tax form You received distributions in 2013 from one or more traditional IRAs, You made contributions to a traditional IRA for 2013, and Some of those contributions may be nondeductible contributions. Where can i get a 1040ez tax form (See Nondeductible Contributions and Worksheet 1-2, later. Where can i get a 1040ez tax form ) If this is your situation, you must figure the taxable part of the traditional IRA distribution before you can figure your modified AGI. Where can i get a 1040ez tax form To do this, you can use Worksheet 1-5, later. Where can i get a 1040ez tax form   If at least one of the above does not apply, figure your modified AGI using Worksheet 1-1, later. Where can i get a 1040ez tax form How To Figure Your Reduced IRA Deduction If you or your spouse is covered by an employer retirement plan and you did not receive any social security benefits, you can figure your reduced IRA deduction by using Worksheet 1-2. Where can i get a 1040ez tax form Figuring Your Reduced IRA Deduction for 2013. Where can i get a 1040ez tax form The Instructions for Form 1040, Form 1040A, and Form 1040NR include similar worksheets that you can use instead of the worksheet in this publication. Where can i get a 1040ez tax form If you or your spouse is covered by an employer retirement plan, and you received any social security benefits, see Social Security Recipients , earlier. Where can i get a 1040ez tax form Note. Where can i get a 1040ez tax form If you were married and both you and your spouse contributed to IRAs, figure your deduction and your spouse's deduction separately. Where can i get a 1040ez tax form Worksheet 1-1. Where can i get a 1040ez tax form Figuring Your Modified AGI Use this worksheet to figure your modified AGI for traditional IRA purposes. Where can i get a 1040ez tax form 1. Where can i get a 1040ez tax form Enter your adjusted gross income (AGI) from Form 1040, line 38; Form 1040A, line 22; or Form 1040NR, line 37, figured without taking into account the amount from Form 1040, line 32; Form 1040A, line 17; or Form 1040NR, line 32 1. Where can i get a 1040ez tax form   2. Where can i get a 1040ez tax form Enter any student loan interest deduction from Form 1040, line 33; Form 1040A, line 18; or Form 1040NR, line 33 2. Where can i get a 1040ez tax form   3. Where can i get a 1040ez tax form Enter any tuition and fees deduction from Form 1040, line 34, or Form 1040A, line 19 3. Where can i get a 1040ez tax form   4. Where can i get a 1040ez tax form Enter any domestic production activities deduction from Form 1040, line 35, or Form 1040NR, line 34 4. Where can i get a 1040ez tax form   5. Where can i get a 1040ez tax form Enter any foreign earned income exclusion and/or housing exclusion from Form 2555, line 45, or Form 2555-EZ, line 18 5. Where can i get a 1040ez tax form   6. Where can i get a 1040ez tax form Enter any foreign housing deduction from Form 2555, line 50 6. Where can i get a 1040ez tax form   7. Where can i get a 1040ez tax form Enter any excludable savings bond interest from Form 8815, line 14 7. Where can i get a 1040ez tax form   8. Where can i get a 1040ez tax form Enter any excluded employer-provided adoption benefits from Form 8839, line 28 8. Where can i get a 1040ez tax form   9. Where can i get a 1040ez tax form Add lines 1 through 8. Where can i get a 1040ez tax form This is your Modified AGI for traditional IRA purposes 9. Where can i get a 1040ez tax form   Reporting Deductible Contributions If you file Form 1040, enter your IRA deduction on line 32 of that form. Where can i get a 1040ez tax form If you file Form 1040A, enter your IRA deduction on line 17 of that form. Where can i get a 1040ez tax form If you file Form 1040NR, enter your IRA deduction on line 32 of that form. Where can i get a 1040ez tax form You cannot deduct IRA contributions on Form 1040EZ or Form 1040NR-EZ. Where can i get a 1040ez tax form Self-employed. Where can i get a 1040ez tax form   If you are self-employed (a sole proprietor or partner) and have a SIMPLE IRA, enter your deduction for allowable plan contributions on Form 1040, line 28. Where can i get a 1040ez tax form If you file Form 1040NR, enter your deduction on line 28 of that form. Where can i get a 1040ez tax form Nondeductible Contributions Although your deduction for IRA contributions may be reduced or eliminated, contributions can be made to your IRA of up to the general limit or, if it applies, the Kay Bailey Hutchison Spousal IRA limit. Where can i get a 1040ez tax form The difference between your total permitted contributions and your IRA deduction, if any, is your nondeductible contribution. Where can i get a 1040ez tax form Example. Where can i get a 1040ez tax form Tony is 29 years old and single. Where can i get a 1040ez tax form In 2013, he was covered by a retirement plan at work. Where can i get a 1040ez tax form His salary is $62,000. Where can i get a 1040ez tax form His modified AGI is $70,000. Where can i get a 1040ez tax form Tony makes a $5,500 IRA contribution for 2013. Where can i get a 1040ez tax form Because he was covered by a retirement plan and his modified AGI is above $69,000, he cannot deduct his $5,500 IRA contribution. Where can i get a 1040ez tax form He must designate this contribution as a nondeductible contribution by reporting it on Form 8606. Where can i get a 1040ez tax form Repayment of reservist distributions. Where can i get a 1040ez tax form   Nondeductible contributions may include repayments of qualified reservist distributions. Where can i get a 1040ez tax form For more information, see Qualified reservist repayments under How Much Can Be Contributed, earlier. Where can i get a 1040ez tax form Form 8606. Where can i get a 1040ez tax form   To designate contributions as nondeductible, you must file Form 8606. Where can i get a 1040ez tax form (See the filled-in Forms 8606 in this chapter. Where can i get a 1040ez tax form )   You do not have to designate a contribution as nondeductible until you file your tax return. Where can i get a 1040ez tax form When you file, you can even designate otherwise deductible contributions as nondeductible contributions. Where can i get a 1040ez tax form   You must file Form 8606 to report nondeductible contributions even if you do not have to file a tax return for the year. Where can i get a 1040ez tax form    A Form 8606 is not used for the year that you make a rollover from a qualified retirement plan to a traditional IRA and the rollover includes nontaxable amounts. Where can i get a 1040ez tax form In those situations, a Form 8606 is completed for the year you take a distribution from that IRA. Where can i get a 1040ez tax form See Form 8606 under Distributions Fully or Partly Taxable, later. Where can i get a 1040ez tax form Failure to report nondeductible contributions. Where can i get a 1040ez tax form   If you do not report nondeductible contributions, all of the contributions to your traditional IRA will be treated like deductible contributions when withdrawn. Where can i get a 1040ez tax form All distributions from your IRA will be taxed unless you can show, with satisfactory evidence, that nondeductible contributions were made. Where can i get a 1040ez tax form Penalty for overstatement. Where can i get a 1040ez tax form   If you overstate the amount of nondeductible contributions on your Form 8606 for any tax year, you must pay a penalty of $100 for each overstatement, unless it was due to reasonable cause. Where can i get a 1040ez tax form Penalty for failure to file Form 8606. Where can i get a 1040ez tax form   You will have to pay a $50 penalty if you do not file a required Form 8606, unless you can prove that the failure was due to reasonable cause. Where can i get a 1040ez tax form Tax on earnings on nondeductible contributions. Where can i get a 1040ez tax form   As long as contributions are within the contribution limits, none of the earnings or gains on contributions (deductible or nondeductible) will be taxed until they are distributed. Where can i get a 1040ez tax form Cost basis. Where can i get a 1040ez tax form   You will have a cost basis in your traditional IRA if you made any nondeductible contributions. Where can i get a 1040ez tax form Your cost basis is the sum of the nondeductible contributions to your IRA minus any withdrawals or distributions of nondeductible contributions. Where can i get a 1040ez tax form    Commonly, distributions from your traditional IRAs will include both taxable and nontaxable (cost basis) amounts. Where can i get a 1040ez tax form See Are Distributions Taxable, later, for more information. Where can i get a 1040ez tax form Recordkeeping. Where can i get a 1040ez tax form There is a recordkeeping worksheet, Appendix A. Where can i get a 1040ez tax form Summary Record of Traditional IRA(s) for 2013 , that you can use to keep a record of deductible and nondeductible IRA contributions. Where can i get a 1040ez tax form Examples — Worksheet for Reduced IRA Deduction for 2013 The following examples illustrate the use of Worksheet 1-2, Figuring Your Reduced IRA Deduction for 2013. Where can i get a 1040ez tax form Example 1. Where can i get a 1040ez tax form For 2013, Tom and Betty file a joint return on Form 1040. Where can i get a 1040ez tax form They are both 39 years old. Where can i get a 1040ez tax form They are both employed and Tom is covered by his employer's retirement plan. Where can i get a 1040ez tax form Tom's salary is $59,000 and Betty's is $32,555. Where can i get a 1040ez tax form They each have a traditional IRA and their combined modified AGI, which includes $5,000 interest and dividend income, is $96,555. Where can i get a 1040ez tax form Because their modified AGI is between $95,000 and $115,000 and Tom is covered by an employer plan, Tom is subject to the deduction phaseout discussed earlier under Limit if Covered by Employer Plan . Where can i get a 1040ez tax form For 2013, Tom contributed $5,500 to his IRA and Betty contributed $5,500 to hers. Where can i get a 1040ez tax form Even though they file a joint return, they must use separate worksheets to figure the IRA deduction for each of them. Where can i get a 1040ez tax form Tom can take a deduction of only $5,080. Where can i get a 1040ez tax form He can choose to treat the $5,080 as either deductible or nondeductible contributions. Where can i get a 1040ez tax form He can either leave the $420 ($5,500 − $5,080) of nondeductible contributions in his IRA or withdraw them by April 15, 2014. Where can i get a 1040ez tax form He decides to treat the $5,080 as deductible contributions and leave the $420 of nondeductible contributions in his IRA. Where can i get a 1040ez tax form Using Worksheet 1-2, Figuring Your Reduced IRA Deduction for 2013, Tom figures his deductible and nondeductible amounts as shown on Worksheet 1-2. Where can i get a 1040ez tax form Figuring Your Reduced IRA Deduction for 2013—Example 1 Illustrated. Where can i get a 1040ez tax form Betty figures her IRA deduction as follows. Where can i get a 1040ez tax form Betty can treat all or part of her contributions as either deductible or nondeductible. Where can i get a 1040ez tax form This is because her $5,500 contribution for 2013 is not subject to the deduction phaseout discussed earlier under Limit if Covered by Employer Plan . Where can i get a 1040ez tax form She does not need to use Worksheet 1-2, Figuring Your Reduced IRA Deduction for 2013, because their modified AGI is not within the phaseout range that applies. Where can i get a 1040ez tax form Betty decides to treat her $5,500 IRA contributions as deductible. Where can i get a 1040ez tax form The IRA deductions of $5,080 and $5,500 on the joint return for Tom and Betty total $10,580. Where can i get a 1040ez tax form Example 2. Where can i get a 1040ez tax form For 2013, Ed and Sue file a joint return on Form 1040. Where can i get a 1040ez tax form They are both 39 years old. Where can i get a 1040ez tax form Ed is covered by his employer's retirement plan. Where can i get a 1040ez tax form Ed's salary is $45,000. Where can i get a 1040ez tax form Sue had no compensation for the year and did not contribute to an IRA. Where can i get a 1040ez tax form Sue is not covered by an employer plan. Where can i get a 1040ez tax form Ed contributed $5,500 to his traditional IRA and $5,500 to a traditional IRA for Sue (a Kay Bailey Hutchison Spousal IRA). Where can i get a 1040ez tax form Their combined modified AGI, which includes $2,000 interest and dividend income and a large capital gain from the sale of stock, is $180,555. Where can i get a 1040ez tax form Because the combined modified AGI is $115,000 or more, Ed cannot deduct any of the contribution to his traditional IRA. Where can i get a 1040ez tax form He can either leave the $5,500 of nondeductible contributions in his IRA or withdraw them by April 15, 2014. Where can i get a 1040ez tax form Sue figures her IRA deduction as shown on Worksheet 1-2. Where can i get a 1040ez tax form Figuring Your Reduced IRA Deduction for 2013—Example 2 Illustrated. Where can i get a 1040ez tax form Worksheet 1-2. Where can i get a 1040ez tax form Figuring Your Reduced IRA Deduction for 2013 (Use only if you or your spouse is covered by an employer plan and your modified AGI falls between the two amounts shown below for your coverage situation and filing status. Where can i get a 1040ez tax form ) Note. Where can i get a 1040ez tax form If you were married and both you and your spouse contributed to IRAs, figure your deduction and your spouse's deduction separately. Where can i get a 1040ez tax form IF you . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form AND your  filing status is . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form AND your modified AGI is over . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form THEN enter on  line 1 below . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form       are covered by an employer plan single or head of household $59,000 $69,000     married filing jointly or qualifying widow(er) $95,000 $115,000     married filing separately $0 $10,000     are not covered by an employer plan, but your spouse is covered married filing jointly $178,000 $188,000     married filing separately $0 $10,000     1. Where can i get a 1040ez tax form Enter applicable amount from table above 1. Where can i get a 1040ez tax form   2. Where can i get a 1040ez tax form Enter your modified AGI (that of both spouses, if married filing jointly) 2. Where can i get a 1040ez tax form     Note. Where can i get a 1040ez tax form If line 2 is equal to or more than the amount on line 1, stop here. Where can i get a 1040ez tax form  Your IRA contributions are not deductible. Where can i get a 1040ez tax form See Nondeductible Contributions , earlier. Where can i get a 1040ez tax form     3. Where can i get a 1040ez tax form Subtract line 2 from line 1. Where can i get a 1040ez tax form If line 3 is $10,000 or more ($20,000 or more if married filing jointly or qualifying widow(er) and you are covered by an employer plan), stop here. Where can i get a 1040ez tax form You can take a full IRA deduction for contributions of up to $5,500 ($6,500 if you are age 50 or older) or 100% of your (and if married filing jointly, your spouse's) compensation, whichever is less 3. Where can i get a 1040ez tax form   4. Where can i get a 1040ez tax form Multiply line 3 by the percentage below that applies to you. Where can i get a 1040ez tax form If the result is not a multiple of $10, round it to the next highest multiple of $10. Where can i get a 1040ez tax form (For example, $611. Where can i get a 1040ez tax form 40 is rounded to $620. Where can i get a 1040ez tax form ) However, if the result is less than $200, enter $200. Where can i get a 1040ez tax form         Married filing jointly or qualifying widow(er) and you are covered by an employer plan, multiply line 3 by 27. Where can i get a 1040ez tax form 5% (. Where can i get a 1040ez tax form 275) (by 32. Where can i get a 1040ez tax form 5% (. Where can i get a 1040ez tax form 325) if you are age 50 or older). Where can i get a 1040ez tax form All others, multiply line 3 by 55% (. Where can i get a 1040ez tax form 55) (by 65% (. Where can i get a 1040ez tax form 65) if you are age 50 or older). Where can i get a 1040ez tax form 4. Where can i get a 1040ez tax form   5. Where can i get a 1040ez tax form Enter your compensation minus any deductions on Form 1040 or Form 1040NR, line 27 (deductible part of self-employment tax) and line 28 (self-employed SEP, SIMPLE, and qualified plans). Where can i get a 1040ez tax form If you are filing a joint return and your compensation is less than your spouse's, include your spouse's compensation reduced by his or her traditional IRA and Roth IRA contributions for this year. Where can i get a 1040ez tax form If you file Form 1040 or Form 1040NR, do not reduce your compensation by any losses from self-employment 5. Where can i get a 1040ez tax form   6. Where can i get a 1040ez tax form Enter contributions made, or to be made, to your IRA for 2013, but do not enter more than $5,500 ($6,500 if you are age 50 or older). Where can i get a 1040ez tax form If contributions are more than $5,500 ($6,500 if you are age 50 or older), see Excess Contributions , later. Where can i get a 1040ez tax form 6. Where can i get a 1040ez tax form   7. Where can i get a 1040ez tax form IRA deduction. Where can i get a 1040ez tax form Compare lines 4, 5, and 6. Where can i get a 1040ez tax form Enter the smallest amount (or a smaller amount if you choose) here and on the Form 1040, 1040A, or 1040NR line for your IRA, whichever applies. Where can i get a 1040ez tax form If line 6 is more than line 7 and you want to make a nondeductible contribution, go to line 8 7. Where can i get a 1040ez tax form   8. Where can i get a 1040ez tax form Nondeductible contribution. Where can i get a 1040ez tax form Subtract line 7 from line 5 or 6, whichever is smaller. Where can i get a 1040ez tax form  Enter the result here and on line 1 of your Form 8606 8. Where can i get a 1040ez tax form   Worksheet 1-2. Where can i get a 1040ez tax form Figuring Your Reduced IRA Deduction for 2013—Example 1 Illustrated (Use only if you or your spouse is covered by an employer plan and your modified AGI falls between the two amounts shown below for your coverage situation and filing status. Where can i get a 1040ez tax form ) Note. Where can i get a 1040ez tax form If you were married and both you and your spouse contributed to IRAs, figure your deduction and your spouse's deduction separately. Where can i get a 1040ez tax form IF you . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form AND your  filing status is . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form AND your modified AGI is over . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form THEN enter on  line 1 below . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form       are covered by an employer plan single or head of household $59,000 $69,000     married filing jointly or qualifying widow(er) $95,000 $115,000     married filing separately $0 $10,000     are not covered by an employer plan, but your spouse is covered married filing jointly $178,000 $188,000     married filing separately $0 $10,000     1. Where can i get a 1040ez tax form Enter applicable amount from table above 1. Where can i get a 1040ez tax form 115,000 2. Where can i get a 1040ez tax form Enter your modified AGI (that of both spouses, if married filing jointly) 2. Where can i get a 1040ez tax form 96,555   Note. Where can i get a 1040ez tax form If line 2 is equal to or more than the amount on line 1, stop here. Where can i get a 1040ez tax form  Your IRA contributions are not deductible. Where can i get a 1040ez tax form See Nondeductible Contributions , earlier. Where can i get a 1040ez tax form     3. Where can i get a 1040ez tax form Subtract line 2 from line 1. Where can i get a 1040ez tax form If line 3 is $10,000 or more ($20,000 or more if married filing jointly or qualifying widow(er) and you are covered by an employer plan), stop here. Where can i get a 1040ez tax form You can take a full IRA deduction for contributions of up to $5,500 ($6,500 if you are age 50 or older) or 100% of your (and if married filing jointly, your spouse's) compensation, whichever is less 3. Where can i get a 1040ez tax form 18,445 4. Where can i get a 1040ez tax form Multiply line 3 by the percentage below that applies to you. Where can i get a 1040ez tax form If the result is not a multiple of $10, round it to the next highest multiple of $10. Where can i get a 1040ez tax form (For example, $611. Where can i get a 1040ez tax form 40 is rounded to $620. Where can i get a 1040ez tax form ) However, if the result is less than $200, enter $200. Where can i get a 1040ez tax form         Married filing jointly or qualifying widow(er) and you are covered by an employer plan, multiply line 3 by 27. Where can i get a 1040ez tax form 5% (. Where can i get a 1040ez tax form 275) (by 32. Where can i get a 1040ez tax form 5% (. Where can i get a 1040ez tax form 325) if you are age 50 or older). Where can i get a 1040ez tax form All others, multiply line 3 by 55% (. Where can i get a 1040ez tax form 55) (by 65% (. Where can i get a 1040ez tax form 65) if you are age 50 or older). Where can i get a 1040ez tax form 4. Where can i get a 1040ez tax form 5,080 5. Where can i get a 1040ez tax form Enter your compensation minus any deductions on Form 1040 or Form 1040NR, line 27 (deductible part of self-employment tax) and line 28 (self-employed SEP, SIMPLE, and qualified plans). Where can i get a 1040ez tax form If you are filing a joint return and your compensation is less than your spouse's, include your spouse's compensation reduced by his or her traditional IRA and Roth IRA contributions for this year. Where can i get a 1040ez tax form If you file Form 1040 or Form 1040NR, do not reduce your compensation by any losses from self-employment 5. Where can i get a 1040ez tax form 59,000 6. Where can i get a 1040ez tax form Enter contributions made, or to be made, to your IRA for 2013, but do not enter more than $5,500 ($6,500 if you are age 50 or older). Where can i get a 1040ez tax form If contributions are more than $5,500 ($6,500 if you are age 50 or older), see Excess Contributions , later. Where can i get a 1040ez tax form 6. Where can i get a 1040ez tax form 5,500 7. Where can i get a 1040ez tax form IRA deduction. Where can i get a 1040ez tax form Compare lines 4, 5, and 6. 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Where can i get a 1040ez tax form If you were married and both you and your spouse contributed to IRAs, figure your deduction and your spouse's deduction separately. Where can i get a 1040ez tax form IF you . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form AND your  filing status is . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form AND your modified AGI is over . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form THEN enter on  line 1 below . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form . Where can i get a 1040ez tax form       are covered by an employer plan single or head of household $59,000 $69,000     married filing jointly or qualifying widow(er) $95,000 $115,000     married filing separately $0 $10,000     are not covered by an employer plan, but your spouse is covered married filing jointly $178,000 $188,000     married filing separately $0 $10,000     1. Where can i get a 1040ez tax form Enter applicable amount from table above 1. Where can i get a 1040ez tax form 188,000 2. Where can i get a 1040ez tax form Enter your modified AGI (that of both spouses, if married filing jointly) 2. Where can i get a 1040ez tax form 180,555   Note. Where can i get a 1040ez tax form If line 2 is equal to or more than the amount on line 1, stop here. Where can i get a 1040ez tax form  Your IRA contributions are not deductible. Where can i get a 1040ez tax form See Nondeductible Contributions , earlier. Where can i get a 1040ez tax form     3. Where can i get a 1040ez tax form Subtract line 2 from line 1. Where can i get a 1040ez tax form If line 3 is $10,000 or more ($20,000 or more if married filing jointly or qualifying widow(er) and you are covered by an employer plan), stop here. Where can i get a 1040ez tax form You can take a full IRA deduction for contributions of up to $5,500 ($6,500 if you are age 50 or older) or 100% of your (and if married filing jointly, your spouse's) compensation, whichever is less 3. Where can i get a 1040ez tax form 7,445 4. Where can i get a 1040ez tax form Multiply line 3 by the percentage below that applies to you. Where can i get a 1040ez tax form If the result is not a multiple of $10, round it to the next highest multiple of $10. Where can i get a 1040ez tax form (For example, $611. Where can i get a 1040ez tax form 40 is rounded to $620. Where can i get a 1040ez tax form ) However, if the result is less than $200, enter $200. Where can i get a 1040ez tax form         Married filing jointly or qualifying widow(er) and you are covered by an employer plan, multiply line 3 by 27. Where can i get a 1040ez tax form 5% (. Where can i get a 1040ez tax form 275) (by 32. Where can i get a 1040ez tax form 5% (. Where can i get a 1040ez tax form 325) if you are age 50 or older). Where can i get a 1040ez tax form All others, multiply line 3 by 55% (. Where can i get a 1040ez tax form 55) (by 65% (. Where can i get a 1040ez tax form 65) if you are age 50 or older). Where can i get a 1040ez tax form 4. Where can i get a 1040ez tax form 4,100 5. Where can i get a 1040ez tax form Enter your compensation minus any deductions on Form 1040 or Form 1040NR, line 27 (deductible part of self-employment tax) and line 28 (self-employed SEP, SIMPLE, and qualified plans). Where can i get a 1040ez tax form If you are filing a joint return and your compensation is less than your spouse's, include your spouse's compensation reduced by his or her traditional IRA and Roth IRA contributions for this year. Where can i get a 1040ez tax form If you file Form 1040 or Form 1040NR, do not reduce your compensation by any losses from self-employment 5. Where can i get a 1040ez tax form 39,500 6. Where can i get a 1040ez tax form Enter contributions made, or to be made, to your IRA for 2013, but do not enter more than $5,500 ($6,500 if you are age 50 or older). Where can i get a 1040ez tax form If contributions are more than $5,500 ($6,500 if you are age 50 or older), see Excess Contributions , later. Where can i get a 1040ez tax form 6. Where can i get a 1040ez tax form 5,500 7. Where can i get a 1040ez tax form IRA deduction. Where can i get a 1040ez tax form Compare lines 4, 5, and 6. 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