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1040a Form

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1040a Form

1040a form Index A Abatement of interest and penalties, Abatement of interest and penalties. 1040a form Accidents, Deductible losses. 1040a form , Nondeductible losses. 1040a form Adjusted basis, Adjusted Basis Adjustments to basis, Basis adjustment to corporation's property. 1040a form , Adjustments to Basis Amended returns, Amended return. 1040a form Appraisals, Appraisal. 1040a form , Costs of photographs and appraisals. 1040a form Assistance (see Tax help) B Bad debts, Nonbusiness bad debt. 1040a form Basis Adjusted, Adjusted Basis Adjustments to, Basis adjustment to corporation's property. 1040a form , Adjustments to Basis Replacement property, Basis of replacement property. 1040a form Business or income-producing property, Business or income-producing property. 1040a form Business purposes, property used partly for, Property used partly for business and partly for personal purposes. 1040a form C Cars Accidents, Deductible losses. 1040a form Fair market value of, Car value. 1040a form Cash gifts, Cash gifts. 1040a form Casualty losses, Table 3. 1040a form When To Deduct a Casualty or Theft Loss Deductible losses, Deductible losses. 1040a form Definition, Casualty Deposits, loss on, Casualty loss or ordinary loss. 1040a form Nondeductible losses, Nondeductible losses. 1040a form Progressive deterioration, Progressive deterioration. 1040a form Proof of, Casualty loss proof. 1040a form When to report, Losses. 1040a form Workbooks for listing property, Workbooks for casualties and thefts. 1040a form Clean up costs, Cost of cleaning up or making repairs. 1040a form Condemnation, Condemnations. 1040a form Corrosive drywall, Special Procedure for Damage From Corrosive Drywall Costs Appraisals, Costs of photographs and appraisals. 1040a form Clean up, Cost of cleaning up or making repairs. 1040a form Incidental expenses, Related expenses. 1040a form Landscaping, Landscaping. 1040a form Photographs taken after loss, Costs of photographs and appraisals. 1040a form Protection, Cost of protection. 1040a form Repair, Cost of cleaning up or making repairs. 1040a form Replacement, Replacement cost. 1040a form D Death of taxpayer Postponement of gain, Death of a taxpayer. 1040a form Deductible losses, Deductible losses. 1040a form Deduction limits, Deduction Limits $100 rule, $100 Rule 10% rule, 10% Rule 2% rule, 2% Rule Deposit losses, Mislaid or lost property. 1040a form , Table 3. 1040a form When To Deduct a Casualty or Theft Loss Reporting of (Table 1), Table 1. 1040a form Reporting Loss on Deposits When to report, Loss on deposits. 1040a form Disaster area losses, Lessee's loss. 1040a form Claiming on amended return, Claiming a disaster loss on an amended return. 1040a form Federal loan canceled, Federal loan canceled. 1040a form Federally declared disaster, Business or income-producing property located in a federally declared disaster area. 1040a form , Disaster Area Losses Figuring loss deduction, Figuring the loss deduction. 1040a form Form 1040X, How to report the loss on Form 1040X. 1040a form Home made unsafe, Home made unsafe by disaster. 1040a form How to deduct loss in preceding year, How to deduct your loss in the preceding year. 1040a form Inventory, Disaster loss to inventory. 1040a form Main home rules, Main home in disaster area. 1040a form , Gains. 1040a form Qualified disaster mitigation payments, Qualified disaster mitigation payments. 1040a form Qualified disaster relief payments, Qualified disaster relief payments. 1040a form Records to keep, Records. 1040a form Tax deadlines postponed, Covered disaster area. 1040a form When to deduct, When to deduct the loss. 1040a form Table 3, Table 3. 1040a form When To Deduct a Casualty or Theft Loss Disaster mitigation payments, Qualified disaster mitigation payments. 1040a form Disaster relief grants, Disaster relief. 1040a form Drywall, corrosive, Special Procedure for Damage From Corrosive Drywall Due dates Tax deadlines postponed, Postponed Tax Deadlines E Employer's emergency disaster fund, Employer's emergency disaster fund. 1040a form F Fair market value (FMV) Decline in value of property in or near casualty area, Decline in market value of property in or near casualty area. 1040a form Measuring decrease in, Decrease in Fair Market Value Items not to consider, Figuring Decrease in FMV — Items Not To Consider Items to consider, Figuring Decrease in FMV — Items To Consider Federal disaster relief grants, Federal disaster relief grants. 1040a form Federal Emergency Management Agency (FEMA), contacting, Contacting the Federal Emergency Management Agency (FEMA) Federally declared disasters, Business or income-producing property located in a federally declared disaster area. 1040a form , Disaster Area Losses Figuring gain, Property used partly for business and partly for personal purposes. 1040a form Figuring loss, Theft loss proof. 1040a form , Figuring the Deduction Adjusted basis, Adjusted Basis Disaster area losses, Figuring the loss deduction. 1040a form Insurance and other reimbursements, Insurance and Other Reimbursements Form 1040, Schedule A, Personal-use property. 1040a form Form 1040, Schedule D, Personal-use property. 1040a form Form 1040X Disaster area losses, How to report the loss on Form 1040X. 1040a form Form 4684 Reporting gains and losses on personal-use property, Personal-use property. 1040a form Free tax services, Free help with your tax return. 1040a form G Gains Figuring, Figuring a Gain Postponement of, Postponement of Gain, How To Postpone a Gain Reimbursements, Gain from reimbursement. 1040a form Reporting of, Contacting the Federal Emergency Management Agency (FEMA) When to report, Changing your mind. 1040a form H Help (see Tax help) I Incidental expenses, Related expenses. 1040a form Insurance, Insurance and Other Reimbursements Living expenses, payments for, Insurance payments for living expenses. 1040a form Interest abatement, Abatement of interest and penalties. 1040a form Inventory losses, Loss of inventory. 1040a form Disaster area losses, Disaster loss to inventory. 1040a form L Landscaping, Landscaping. 1040a form Leased property, Leased property. 1040a form When to report, Lessee's loss. 1040a form Losses Casualty (see Casualty losses) Deposits (see Deposit losses) Disaster areas (see Disaster area losses) Figuring amount (see Figuring loss) Proof of, Deducted loss recovered. 1040a form Records of, Theft loss proof. 1040a form Reporting of, Contacting the Federal Emergency Management Agency (FEMA) Theft (see Theft losses) When to report, Changing your mind. 1040a form (Table 3), Table 3. 1040a form When To Deduct a Casualty or Theft Loss M Married taxpayers Deduction limits, Married taxpayers. 1040a form , Married taxpayers. 1040a form Mislaid or lost property, Mislaid or lost property. 1040a form Missing children, photographs of, Reminders N Nonbusiness bad debts, Nonbusiness bad debt. 1040a form Nondeductible losses, Nondeductible losses. 1040a form P Payments for living expenses, Insurance payments for living expenses. 1040a form Penalty abatement, Abatement of interest and penalties. 1040a form Personal property Loss deduction, figuring of, Personal property. 1040a form Personal-use property Reporting gains and losses, Personal-use property. 1040a form Personal-use real property, Exception for personal-use real property. 1040a form Photographs Documentation of loss, Costs of photographs and appraisals. 1040a form Ponzi-type investment schemes, Losses from Ponzi-type investment schemes. 1040a form Postponed tax deadlines, Postponed Tax Deadlines Postponement of gain, Postponement of Gain, How To Postpone a Gain Amended return, Amended return. 1040a form Changing mind, Changing your mind. 1040a form Replacement property acquired after return filed, Replacement property acquired after return filed. 1040a form Replacement property acquired before return filed, Replacement property acquired before return filed. 1040a form Required statement, Required statement. 1040a form Substituting replacement property, Substituting replacement property. 1040a form Three-year limit, Three-year limit. 1040a form Proof of loss, Proof of Loss Protection costs, Cost of protection. 1040a form Publications (see Tax help) R Records of loss, Theft loss proof. 1040a form Recovered stolen property, Recovered stolen property. 1040a form Reimbursements Cash gifts, Cash gifts. 1040a form Disaster relief, Disaster relief. 1040a form Employer's emergency disaster fund, Employer's emergency disaster fund. 1040a form Failure to file a claim, Failure to file a claim for reimbursement. 1040a form Received after deducting loss, Reimbursement Received After Deducting Loss Types of, Types of Reimbursements Related expenses, Related expenses. 1040a form Related person, replacement property bought from, Buying replacement property from a related person. 1040a form Repair costs, Cost of cleaning up or making repairs. 1040a form Replacement cost, Replacement cost. 1040a form Replacement period, Replacement Period Extension of, Extension. 1040a form Replacement property, Replacement Property Advance payment, Advance payment. 1040a form Basis adjustment to corporation's property, Basis adjustment to corporation's property. 1040a form Basis of, Basis of replacement property. 1040a form Main home, Main home replaced. 1040a form In disaster area, Main home in disaster area. 1040a form Postponement of gain, Replacement property acquired before return filed. 1040a form Reporting gains and losses, Reporting a gain. 1040a form , How To Report Gains and Losses Basis, adjustments to, Adjustments to Basis Business and income-producing property, Business and income-producing property. 1040a form Deductions exceeding income, If Deductions Are More Than Income Deposits, How to report. 1040a form Table 1, Table 1. 1040a form Reporting Loss on Deposits Disaster area losses, How to report the loss on Form 1040X. 1040a form Personal-use property, Personal-use property. 1040a form Timing of, When To Report Gains and Losses S Sentimental value, Sentimental value. 1040a form State disaster relief grants for businesses, State disaster relief grants for businesses. 1040a form Stolen property (see Theft losses) T Tables and figures Reporting loss on deposits (Table 1), Table 1. 1040a form Reporting Loss on Deposits When to deduct losses (Table 3), Table 3. 1040a form When To Deduct a Casualty or Theft Loss Tax help, How To Get Tax Help Theft losses, Theft FMV of stolen property, FMV of stolen property. 1040a form Mislaid or lost property, Mislaid or lost property. 1040a form Proof of, Theft loss proof. 1040a form When to deduct (Table 3), Table 3. 1040a form When To Deduct a Casualty or Theft Loss When to report, Losses. 1040a form Workbooks for listing property, Workbooks for casualties and thefts. 1040a form Timber loss, Timber loss. 1040a form W Workbooks for property lost due to casualties and thefts, Workbooks for casualties and thefts. 1040a form Prev  Up     Home   More Online Publications
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The 1040a Form

1040a form Publication 1544 - Main Content Table of Contents Why Report These Payments? Who Must File Form 8300?What Payments Must Be Reported? What Is Cash? Taxpayer Identification Number (TIN) What Is a Related Transaction? What About Suspicious Transactions? When, Where, and What To File Examples Penalties How To Get Tax HelpLow Income Taxpayer Clinics (LITCs). 1040a form Why Report These Payments? Drug dealers and smugglers often use large cash payments to “launder” money from illegal activities. 1040a form Laundering means converting “dirty” or illegally-gained money to “clean” money. 1040a form The government can often trace this laundered money through the payments you report. 1040a form Laws passed by Congress require you to report these payments. 1040a form Your compliance with these laws provides valuable information that can stop those who evade taxes and those who profit from the drug trade and other criminal activities. 1040a form The USA PATRIOT Act of 2001 increased the scope of these laws to help trace funds used for terrorism. 1040a form Who Must File Form 8300? Generally, any person in a trade or business who receives more than $10,000 in cash in a single transaction or in related transactions must file Form 8300. 1040a form For example, you may have to file Form 8300 if you are a dealer in jewelry, furniture, boats, aircraft, or automobiles; a pawnbroker; an attorney; a real estate broker; an insurance company; or a travel agency. 1040a form Special rules for clerks of federal or state courts are discussed later under Bail received by court clerks. 1040a form However, you do not have to file Form 8300 if the transaction is not related to your trade or business. 1040a form For example, if you own a jewelry store and sell your personal automobile for more than $10,000 in cash, you would not submit a Form 8300 for that transaction. 1040a form Transaction defined. 1040a form    A “transaction” occurs when: Goods, services, or property are sold; Property is rented; Cash is exchanged for other cash; A contribution is made to a trust or escrow account; A loan is made or repaid; or Cash is converted to a negotiable instrument, such as a check or a bond. 1040a form Person defined. 1040a form   A “person” includes an individual, a company, a corporation, a partnership, an association, a trust, or an estate. 1040a form   Exempt organizations, including employee plans, are also “persons. 1040a form ” However, exempt organizations do not have to file Form 8300 for a more-than-$10,000 charitable cash contribution they receive since it is not received in the course of a trade or business. 1040a form Foreign transactions. 1040a form   You do not have to file Form 8300 if the entire transaction (including the receipt of cash) takes place outside of: The 50 states, The District of Columbia, Puerto Rico, or A possession or territory of the United States. 1040a form However, you must file Form 8300 if any part of the transaction (including the receipt of cash) occurs in Puerto Rico or a possession or territory of the United States and you are subject to the Internal Revenue Code. 1040a form Bail received by court clerks. 1040a form   Any clerk of a federal or state court who receives more than $10,000 in cash as bail for an individual charged with any of the following criminal offenses must file Form 8300: Any federal offense involving a controlled substance, Racketeering, Money laundering, and Any state offense substantially similar to (1), (2), or (3) above. 1040a form For more information about the rules that apply to court clerks, see Section 1. 1040a form 6050I-2 of the Income Tax Regulations. 1040a form What Payments Must Be Reported? You must file Form 8300 to report cash paid to you if it is: Over $10,000, Received as: One lump sum of over $10,000, Installment payments that cause the total cash received within 1 year of the initial payment to total more than $10,000, or Other previously unreportable payments that cause the total cash received within a 12-month period to total more than $10,000, Received in the course of your trade or business, Received from the same buyer (or agent), and Received in a single transaction or in related transactions (defined later). 1040a form What Is Cash? Cash is: The coins and currency of the United States (and any other country), and A cashier's check, bank draft, traveler's check, or money order you receive, if it has a face amount of $10,000 or less and you receive it in: A designated reporting transaction (defined later), or Any transaction in which you know the payer is trying to avoid the reporting of the transaction on Form 8300. 1040a form Cash may include a cashier's check even if it is called a “treasurer's check” or “bank check. 1040a form ” Cash does not include a check drawn on an individual's personal account. 1040a form A cashier's check, bank draft, traveler's check, or money order with a face amount of more than $10,000 is not treated as cash. 1040a form These items are not defined as cash and you do not have to file Form 8300 when you receive them because, if they were bought with currency, the bank or other financial institution that issued them must file a report on FinCEN Form 104. 1040a form Example 1. 1040a form You are a coin dealer. 1040a form Bob Green buys gold coins from you for $13,200. 1040a form He pays for them with $6,200 in U. 1040a form S. 1040a form currency and a cashier's check having a face amount of $7,000. 1040a form The cashier's check is treated as cash. 1040a form You have received more than $10,000 cash and must file Form 8300 for this transaction. 1040a form Example 2. 1040a form You are a retail jeweler. 1040a form Mary North buys an item of jewelry from you for $12,000. 1040a form She pays for it with a personal check payable to you in the amount of $9,600 and traveler's checks totaling $2,400. 1040a form Because the personal check is not treated as cash, you have not received more than $10,000 cash in the transaction. 1040a form You do not have to file Form 8300. 1040a form Example 3. 1040a form You are a boat dealer. 1040a form Emily Jones buys a boat from you for $16,500. 1040a form She pays for it with a cashier's check payable to you in the amount of $16,500. 1040a form The cashier's check is not treated as cash because its face amount is more than $10,000. 1040a form You do not have to file Form 8300 for this transaction. 1040a form Designated Reporting Transaction A designated reporting transaction is the retail sale of any of the following: A consumer durable, such as an automobile or boat. 1040a form A consumer durable is property, other than land or buildings, that: Is suitable for personal use, Can reasonably be expected to last at least 1 year under ordinary use, Has a sales price of more than $10,000, and Can be seen or touched (tangible property). 1040a form For example, a $20,000 car is a consumer durable, but a $20,000 dump truck or factory machine is not. 1040a form The car is a consumer durable even if you sell it to a buyer who will use it in a business. 1040a form A collectible (for example, a work of art, rug, antique, metal, gem, stamp, or coin). 1040a form Travel or entertainment, if the total sales price of all items sold for the same trip or entertainment event in one transaction (or related transactions) is more than $10,000. 1040a form To figure the total sales price of all items sold for a trip or entertainment event, you include the sales price of items such as airfare, hotel rooms, and admission tickets. 1040a form Example. 1040a form You are a travel agent. 1040a form Ed Johnson asks you to charter a passenger airplane to take a group to a sports event in another city. 1040a form He also asks you to book hotel rooms and admission tickets for the group. 1040a form In payment, he gives you two money orders, each for $6,000. 1040a form You have received more than $10,000 cash in this designated reporting transaction. 1040a form You must file Form 8300. 1040a form Retail sale. 1040a form   The term “retail sale” means any sale made in the course of a trade or business that consists mainly of making sales to ultimate consumers. 1040a form   Thus, if your business consists mainly of making sales to ultimate consumers, all sales you make in the course of that business are retail sales. 1040a form This includes any sales of items that will be resold. 1040a form Broker or intermediary. 1040a form   A designated reporting transaction includes the retail sale of items (1), (2), or (3) of the preceding list, even if the funds are received by a broker or other intermediary, rather than directly by the seller. 1040a form Exceptions to Definition of Cash A cashier's check, bank draft, traveler's check, or money order you received in a designated reporting transaction is not treated as cash if one of the following exceptions applies. 1040a form Exception for certain bank loans. 1040a form   A cashier's check, bank draft, traveler's check, or money order is not treated as cash if it is the proceeds from a bank loan. 1040a form As proof that it is from a bank loan, you may rely on a copy of the loan document, a written statement or lien instruction from the bank, or similar proof. 1040a form Example. 1040a form You are a car dealer. 1040a form Mandy White buys a new car from you for $11,500. 1040a form She pays you with $2,000 of U. 1040a form S. 1040a form currency and a cashier's check for $9,500 payable to you and her. 1040a form You can tell that the cashier's check is the proceeds of a bank loan because it includes instructions to you to have a lien put on the car as security for the loan. 1040a form For this reason, the cashier's check is not treated as cash. 1040a form You do not have to file Form 8300 for the transaction. 1040a form Exception for certain installment sales. 1040a form   A cashier's check, bank draft, traveler's check, or money order is not treated as cash if it is received in payment on a promissory note or an installment sales contract (including a lease that is considered a sale for federal tax purposes). 1040a form However, this exception applies only if: You use similar notes or contracts in other sales to ultimate consumers in the ordinary course of your trade or business, and The total payments for the sale that you receive on or before the 60th day after the sale are 50% or less of the purchase price. 1040a form Exception for certain down payment plans. 1040a form   A cashier's check, bank draft, traveler's check, or money order is not treated as cash if you received it in payment for a consumer durable or collectible, and all three of the following statements are true. 1040a form You receive it under a payment plan requiring: One or more down payments, and Payment of the rest of the purchase price by the date of sale. 1040a form You receive it more than 60 days before the date of sale. 1040a form You use payment plans with the same or substantially similar terms when selling to ultimate consumers in the ordinary course of your trade or business. 1040a form Exception for travel and entertainment. 1040a form   A cashier's check, bank draft, traveler's check, or money order received for travel or entertainment is not treated as cash if all three of the following statements are true. 1040a form You receive it under a payment plan requiring: One or more down payments, and Payment of the rest of the purchase price by the earliest date that any travel or entertainment item (such as airfare) is furnished for the trip or entertainment event. 1040a form You receive it more than 60 days before the date on which the final payment is due. 1040a form You use payment plans with the same or substantially similar terms when selling to ultimate consumers in the ordinary course of your trade or business. 1040a form Taxpayer Identification Number (TIN) You must furnish the correct TIN of the person or persons from whom you receive the cash. 1040a form If the transaction is conducted on the behalf of another person or persons, you must furnish the TIN of that person or persons. 1040a form If you do not know a person's TIN, you have to ask for it. 1040a form You may be subject to penalties for an incorrect or missing TIN. 1040a form There are three types of TINs. 1040a form The TIN for an individual, including a sole proprietor, is the individual's social security number (SSN). 1040a form The TIN for a nonresident alien individual who needs a TIN but is not eligible to get an SSN is an IRS individual taxpayer identification number (ITIN). 1040a form An ITIN has nine digits, similar to an SSN. 1040a form The TIN for other persons, including corporations, partnerships, and estates, is the employer identification number (EIN). 1040a form Exception. 1040a form   You are not required to provide the TIN of a person who is a nonresident alien individual or a foreign organization if that person or foreign organization: Does not have income effectively connected with the conduct of a U. 1040a form S. 1040a form trade or business; Does not have an office or place of business, or a fiscal or paying agent in the United States; Does not file a federal tax return; Does not furnish a withholding certificate described in §1. 1040a form 1441-1(e)(2) or (3) or 1. 1040a form 1441-5(c)(2)(iv) or (3)(iii) to the extent required under 1. 1040a form 1441-1(e)(4)(vii); Does not have to furnish a TIN on any return, statement, or other document as required by the income tax regulations under section 897 or 1445; or In the case of a nonresident alien individual, the individual has not chosen to file a joint federal income tax return with a spouse who is a U. 1040a form S. 1040a form citizen or resident. 1040a form What Is a Related Transaction? Any transactions between a buyer (or an agent of the buyer) and a seller that occur within a 24-hour period are related transactions. 1040a form If you receive over $10,000 in cash during two or more transactions with one buyer in a 24-hour period, you must treat the transactions as one transaction and report the payments on Form 8300. 1040a form For example, if you sell two products for $6,000 each to the same customer in 1 day and the customer pays you in cash, these are related transactions. 1040a form Because they total $12,000 (more than $10,000), you must file Form 8300. 1040a form More than 24 hours between transactions. 1040a form   Transactions are related even if they are more than 24 hours apart if you know, or have reason to know, that each is one of a series of connected transactions. 1040a form   For example, you are a travel agent. 1040a form A client pays you $8,000 in cash for a trip. 1040a form Two days later, the same client pays you $3,000 more in cash to include another person on the trip. 1040a form These are related transactions, and you must file Form 8300 to report them. 1040a form What About Suspicious Transactions? If you receive $10,000 or less in cash, you may voluntarily file Form 8300 if the transaction appears to be suspicious. 1040a form A transaction is suspicious if it appears that a person is trying to cause you not to file Form 8300 or is trying to cause you to file a false or incomplete Form 8300, or if there is a sign of possible illegal activity. 1040a form If you are suspicious, you are encouraged to call the local IRS Criminal Investigation Division as soon as possible. 1040a form Or, you can call the FinCEN Financial Institution Hotline toll free at 1-866-556-3974. 1040a form When, Where, and What To File The amount you receive and when you receive it determine when you must file. 1040a form Generally, you must file Form 8300 within 15 days after receiving a payment. 1040a form If the Form 8300 due date (the 15th or last day you can timely file the form) falls on a Saturday, Sunday, or legal holiday, it is delayed until the next day that is not a Saturday, Sunday, or legal holiday. 1040a form More than one payment. 1040a form   In some transactions, the buyer may arrange to pay you in cash installment payments. 1040a form If the first payment is more than $10,000, you must file Form 8300 within 15 days. 1040a form If the first payment is not more than $10,000, you must add the first payment and any later payments made within 1 year of the first payment. 1040a form When the total cash payments are more than $10,000, you must file Form 8300 within 15 days. 1040a form   After you file Form 8300, you must start a new count of cash payments received from that buyer. 1040a form If you receive more than $10,000 in additional cash payments from that buyer within a 12-month period, you must file another Form 8300. 1040a form You must file the form within 15 days of the payment that causes the additional payments to total more than $10,000. 1040a form   If you are already required to file Form 8300 and you receive additional payments within the 15 days before you must file, you can report all the payments on one form. 1040a form Example. 1040a form On January 10, you receive a cash payment of $11,000. 1040a form You receive additional cash payments on the same transaction of $4,000 on February 15, $5,000 on March 20, and $6,000 on May 12. 1040a form By January 25, you must file a Form 8300 for the $11,000 payment. 1040a form By May 27, you must file an additional Form 8300 for the additional payments that total $15,000. 1040a form Amending a Report?   If you are amending a report, check box 1a at the top of Form 8300. 1040a form Complete the form in its entirety (Parts I-IV) and include the amended information. 1040a form Do not attach a copy of the original report. 1040a form Where to file. 1040a form   Mail the form to the address given in the Form 8300 instructions. 1040a form Required statement to buyer. 1040a form   You must give a written or electronic statement to each person named on any Form 8300 you must file. 1040a form You can give the statement electronically only if the recipient agrees to receive it in that format. 1040a form The statement must show the name and address of your business, the name and phone number of a contact person, and the total amount of reportable cash you received from the person during the year. 1040a form It must state that you are also reporting this information to the IRS. 1040a form   You must send this statement to the buyer by January 31 of the year after the year in which you received the cash that caused you to file the form. 1040a form    You must keep a copy of every Form 8300 you file for 5 years. 1040a form Examples Example 1. 1040a form Pat Brown is the sales manager for Small Town Cars. 1040a form On January 6, 2009, Jane Smith buys a new car from Pat and pays $18,000 in cash. 1040a form Pat asks for identification from Jane to get the necessary information to complete Form 8300. 1040a form A filled-in form is shown in this publication. 1040a form Pat must mail the form to the address shown in the form's instructions by January 21, 2009. 1040a form He must also send a statement to Jane by January 31, 2010. 1040a form Example 2. 1040a form Using the same facts given in Example 1, suppose Jane had arranged to make cash payments of $6,000 each on January 6, February 6, and March 6. 1040a form Pat would have to file a Form 8300 by February 26 (17 days after receiving total cash payments within 1 year over $10,000 because February 21, 2009, is a Saturday). 1040a form Pat would not have to report the remaining $6,000 cash payment because it is not more than $10,000. 1040a form However, he could report it if he felt it was a suspicious transaction. 1040a form Penalties There are civil penalties for failure to: File a correct Form 8300 by the date it is due, and Provide the required statement to those named in the Form 8300. 1040a form If you intentionally disregard the requirement to file a correct Form 8300 by the date it is due, the penalty is the greater of: $25,000, or The amount of cash you received and were required to report (up to $100,000). 1040a form There are criminal penalties for: Willful failure to file Form 8300, Willfully filing a false or fraudulent Form 8300, Stopping or trying to stop Form 8300 from being filed, and Setting up, helping to set up, or trying to set up a transaction in a way that would make it seem unnecessary to file Form 8300. 1040a form If you willfully fail to file Form 8300, you can be fined up to $250,000 for individuals ($500,000 for corporations) or sentenced to up to 5 years in prison, or both. 1040a form These dollar amounts are based on Section 3571 of Title 18 of the U. 1040a form S. 1040a form Code. 1040a form The penalties for failure to file may also apply to any person (including a payer) who attempts to interfere with or prevent the seller (or business) from filing a correct Form 8300. 1040a form This includes any attempt to structure the transaction in a way that would make it seem unnecessary to file Form 8300. 1040a form Structuring means breaking up a large cash transaction into small cash transactions. 1040a form How To Get Tax Help You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS in several ways. 1040a form By selecting the method that is best for you, you will have quick and easy access to tax help. 1040a form Free help with your return. 1040a form   Free help in preparing your return is available nationwide from IRS-certified volunteers. 1040a form The Volunteer Income Tax Assistance (VITA) program is designed to help low-moderate income taxpayers and the Tax Counseling for the Elderly (TCE) program is designed to assist taxpayers age 60 and older with their tax returns. 1040a form Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. 1040a form To find the nearest VITA or TCE site, visit IRS. 1040a form gov or call 1-800-906-9887 or 1-800-829-1040. 1040a form   As part of the TCE program, AARP offers the Tax-Aide counseling program. 1040a form To find the nearest AARP Tax-Aide site, call 1-888-227-7669 or visit AARP's website at www. 1040a form aarp. 1040a form org/money/taxaide. 1040a form   For more information on these programs, go to IRS. 1040a form gov and enter keyword “VITA” in the upper right-hand corner. 1040a form Internet. 1040a form You can access the IRS website at IRS. 1040a form gov 24 hours a day, 7 days a week to: Check the status of your 2011 refund. 1040a form Go to IRS. 1040a form gov and click on Where's My Refund. 1040a form Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. 1040a form If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). 1040a form Have your 2011 tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. 1040a form E-file your return. 1040a form Find out about commercial tax preparation and e-file services available free to eligible taxpayers. 1040a form Download forms, including talking tax forms, instructions, and publications. 1040a form Order IRS products online. 1040a form Research your tax questions online. 1040a form Search publications online by topic or keyword. 1040a form Use the online Internal Revenue Code, regulations, or other official guidance. 1040a form View Internal Revenue Bulletins (IRBs) published in the last few years. 1040a form Figure your withholding allowances using the withholding calculator online at  www. 1040a form irs. 1040a form gov/individuals. 1040a form Determine if Form 6251 must be filed by using our Alternative Minimum Tax (AMT) Assistant available online at  www. 1040a form irs. 1040a form gov/individuals. 1040a form Sign up to receive local and national tax news by email. 1040a form Get information on starting and operating a small business. 1040a form Phone. 1040a form Many services are available by phone. 1040a form   Ordering forms, instructions, and publications. 1040a form Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, and publications, and prior-year forms and instructions. 1040a form You should receive your order within 10 days. 1040a form Asking tax questions. 1040a form Call the IRS with your tax questions at 1-800-829-1040. 1040a form Solving problems. 1040a form You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. 1040a form An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. 1040a form Call your local Taxpayer Assistance Center for an appointment. 1040a form To find the number, go to www. 1040a form irs. 1040a form gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. 1040a form TTY/TDD equipment. 1040a form If you have access to TTY/TDD equipment, call 1-800-829-4059 to ask tax questions or to order forms and publications. 1040a form TeleTax topics. 1040a form Call 1-800-829-4477 to listen to pre-recorded messages covering various tax topics. 1040a form Refund information. 1040a form You can check the status of your refund on the new IRS phone app. 1040a form Download the free IRS2Go app by visiting the iTunes app store or the Android Marketplace. 1040a form IRS2Go is a new way to provide you with information and tools. 1040a form To check the status of your refund by phone, call 1-800-829-4477 (automated refund information 24 hours a day, 7 days a week). 1040a form Wait at least 72 hours after the IRS acknowledges receipt of your e-filed return, or 3 to 4 weeks after mailing a paper return. 1040a form If you filed Form 8379 with your return, wait 14 weeks (11 weeks if you filed electronically). 1040a form Have your 2011 tax return available so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. 1040a form If you check the status of your refund and are not given the date it will be issued, please wait until the next week before checking back. 1040a form Other refund information. 1040a form To check the status of a prior-year refund or amended return refund, call 1-800-829-1040. 1040a form Evaluating the quality of our telephone services. 1040a form To ensure IRS representatives give accurate, courteous, and professional answers, we use several methods to evaluate the quality of our telephone services. 1040a form One method is for a second IRS representative to listen in on or record random telephone calls. 1040a form Another is to ask some callers to complete a short survey at the end of the call. 1040a form Walk-in. 1040a form Many products and services are available on a walk-in basis. 1040a form   Products. 1040a form You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. 1040a form Some IRS offices, libraries, grocery stores, copy centers, city and county government offices, credit unions, and office supply stores have a collection of products available to print from a CD or photocopy from reproducible proofs. 1040a form Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. 1040a form Services. 1040a form You can walk in to your local Taxpayer Assistance Center every business day for personal, face-to-face tax help. 1040a form An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. 1040a form If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you are more comfortable talking with someone in person, visit your local Taxpayer Assistance Center where you can spread out your records and talk with an IRS representative face-to-face. 1040a form No appointment is necessary—just walk in. 1040a form If you prefer, you can call your local Center and leave a message requesting an appointment to resolve a tax account issue. 1040a form A representative will call you back within 2 business days to schedule an in-person appointment at your convenience. 1040a form If you have an ongoing, complex tax account problem or a special need, such as a disability, an appointment can be requested. 1040a form All other issues will be handled without an appointment. 1040a form To find the number of your local office, go to www. 1040a form irs. 1040a form gov/localcontacts or look in the phone book under United States Government, Internal Revenue Service. 1040a form Mail. 1040a form You can send your order for forms, instructions, and publications to the address below. 1040a form You should receive a response within 10 days after your request is received. 1040a form  Internal Revenue Service 1201 N. 1040a form Mitsubishi Motorway Bloomington, IL 61705-6613 Taxpayer Advocate Service. 1040a form   The Taxpayer Advocate Service (TAS) is your voice at the IRS. 1040a form Our job is to ensure that every taxpayer is treated fairly, and that you know and understand your rights. 1040a form We offer free help to guide you through the often-confusing process of resolving tax problems that you haven’t been able to solve on your own. 1040a form Remember, the worst thing you can do is nothing at all. 1040a form   TAS can help if you can’t resolve your problem with the IRS and: Your problem is causing financial difficulties for you, your family, or your business. 1040a form You face (or your business is facing) an immediate threat of adverse action. 1040a form You have tried repeatedly to contact the IRS but no one has responded, or the IRS has not responded to you by the date promised. 1040a form   If you qualify for our help, we’ll do everything we can to get your problem resolved. 1040a form You will be assigned to one advocate who will be with you at every turn. 1040a form We have offices in every state, the District of Columbia, and Puerto Rico. 1040a form Although TAS is independent within the IRS, our advocates know how to work with the IRS to get your problems resolved. 1040a form And our services are always free. 1040a form   As a taxpayer, you have rights that the IRS must abide by in its dealings with you. 1040a form Our tax toolkit at www. 1040a form TaxpayerAdvocate. 1040a form irs. 1040a form gov can help you understand these rights. 1040a form   If you think TAS might be able to help you, call your local advocate, whose number is in your phone book and on our website at www. 1040a form irs. 1040a form gov/advocate. 1040a form You can also call our toll-free number at 1-877-777-4778. 1040a form   TAS also handles large-scale or systemic problems that affect many taxpayers. 1040a form If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System at www. 1040a form irs. 1040a form gov/advocate. 1040a form Low Income Taxpayer Clinics (LITCs). 1040a form   Low Income Taxpayer Clinics (LITCs) are independent from the IRS. 1040a form Some clinics serve individuals whose income is below a certain level and who need to resolve a tax problem. 1040a form These clinics provide professional representation before the IRS or in court on audits, appeals, tax collection disputes, and other issues for free or for a small fee. 1040a form Some clinics can provide information about taxpayer rights and responsibilities in many different languages for individuals who speak English as a second language. 1040a form For more information and to find a clinic near you, see the LITC page on www. 1040a form irs. 1040a form gov/advocate or IRS Publication 4134, Low Income Taxpayer Clinic List. 1040a form This publication is also available by calling 1-800-829-3676 or at your local IRS office. 1040a form Free tax services. 1040a form   Publication 910, IRS Guide to Free Tax Services, is your guide to IRS services and resources. 1040a form Learn about free tax information from the IRS, including publications, services, and education and assistance programs. 1040a form The publication also has an index of over 100 TeleTax topics (recorded tax information) you can listen to on the telephone. 1040a form The majority of the information and services listed in this publication are available to you free of charge. 1040a form If there is a fee associated with a resource or service, it is listed in the publication. 1040a form   Accessible versions of IRS published products are available on request in a variety of alternative formats for people with disabilities. 1040a form DVD for tax products. 1040a form You can order Publication 1796, IRS Tax Products DVD, and obtain: Current-year forms, instructions, and publications. 1040a form Prior-year forms, instructions, and publications. 1040a form Tax Map: an electronic research tool and finding aid. 1040a form Tax law frequently asked questions. 1040a form Tax Topics from the IRS telephone response system. 1040a form Internal Revenue Code—Title 26 of the U. 1040a form S. 1040a form Code. 1040a form Links to other Internet based Tax Research Materials. 1040a form Fill-in, print, and save features for most tax forms. 1040a form Internal Revenue Bulletins. 1040a form Toll-free and email technical support. 1040a form Two releases during the year. 1040a form  – The first release will ship the beginning of January. 1040a form  – The final release will ship the beginning of March. 1040a form Purchase the DVD from National Technical Information Service (NTIS) at www. 1040a form irs. 1040a form gov/cdorders for $30 (no handling fee) or call 1-877-233-6767 toll free to buy the DVD for $30 (plus a $6 handling fee). 1040a form This image is too large to be displayed in the current screen. 1040a form Please click the link to view the image. 1040a form Fill-in Form 8300 Prev  Up  Next   Home   More Online Publications