File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

1040ez Form 2012 Online

File Federal Taxes Online Free 2012Myfreetaxes Com BaltimorecashFill Out 1040x OnlineIrs Form 1040ez InstructionsStudent Taxes 20131040a 2012Irs 2012 Tax Forms 1040ez2013 State Tax FormsHow To File A 10401040 Ez 2014FreetaxesH&r Block 1040nrHow To File Taxes As A StudentH&r Block Printable CouponH&r Block Tax Software1040x Form 2013Taxact Amended ReturnHow To File Taxes As A College StudentWww Irs Gov 1040xFree Taxes Online 2012Free Taxes H And R BlockFile Tax Amendment OnlineAmending Tax ReturnsFiling 2011 Taxes For FreeDownload 1040x FormVita Free Tax HelpFree E File Tax ReturnEz 1040 OnlineIrs Tax Form 1120 For 2012E File 2011 Tax Return In 2013How To File State Taxes Free OnlineIncome Taxes Free2005 Tax Return Software FreeEz Tax FormForm 1040ez More:label_form_201040ez More:taxes1040ez Worksheet Line FHow Do I File My 2012 Tax ReturnFree File State And Federal Taxes OnlineIrs Tax Forms 2012How Can I Amend My Taxes

1040ez Form 2012 Online

1040ez form 2012 online Internal Revenue Bulletin:  2013-7  February 11, 2013  Rev. 1040ez form 2012 online Proc. 1040ez form 2012 online 2013-16 Table of Contents SECTION 1. 1040ez form 2012 online PURPOSE SECTION 2. 1040ez form 2012 online BACKGROUND—HAMP AND THE HAMP PRINCIPAL REDUCTION ALTERNATIVE SECTION 3. 1040ez form 2012 online BACKGROUND—APPLICABLE PROVISIONS OF LAW SECTION 4. 1040ez form 2012 online FEDERAL INCOME TAX TREATMENT SECTION 5. 1040ez form 2012 online INFORMATION-REPORTING OBLIGATIONS SECTION 6. 1040ez form 2012 online HAMP-PRA BORROWERS’ REPORTING OF DISCHARGES OF INDEBTEDNESS UNDER HAMP-PRA SECTION 7. 1040ez form 2012 online PENALTY RELIEF FOR 2012 SECTION 8. 1040ez form 2012 online SCOPE AND EFFECTIVE DATE SECTION 9. 1040ez form 2012 online DRAFTING INFORMATION SECTION 1. 1040ez form 2012 online PURPOSE This revenue procedure provides guidance to mortgage loan holders, loan servicers, and borrowers who are participating in the Department of the Treasury’s (Treasury) and Department of Housing and Urban Development’s (HUD) Home Affordable Modification Program® (HAMP®). 1040ez form 2012 online Under HAMP, a borrower may be eligible for principal reduction of the outstanding balance of a qualifying mortgage pursuant to the program’s Principal Reduction AlternativeSM (PRA). 1040ez form 2012 online In appropriate cases, HAMP has been offering the PRA as part of a HAMP loan modification since the last quarter of 2010. 1040ez form 2012 online Current plans call for HAMP to continue accepting new borrowers through the end of 2013. 1040ez form 2012 online The Internal Revenue Service (Service) is providing this guidance to address the tax consequences for borrowers (HAMP-PRA borrowers) who are participating in the PRA and the reporting obligations for participating mortgage loan holders and servicers. 1040ez form 2012 online SECTION 2. 1040ez form 2012 online BACKGROUND—HAMP AND THE HAMP PRINCIPAL REDUCTION ALTERNATIVE . 1040ez form 2012 online 01 To help distressed borrowers lower their monthly mortgage payments, Treasury and HUD established HAMP for mortgage loans that are not owned or guaranteed by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac). 1040ez form 2012 online A description of the program can be found at www. 1040ez form 2012 online makinghomeaffordable. 1040ez form 2012 online gov. 1040ez form 2012 online . 1040ez form 2012 online 02 Under HAMP, a participating loan servicer, acting on behalf of the mortgage loan holder, must consider a sequence of modification steps for each eligible borrower’s mortgage loan until the borrower’s monthly payment is reduced to a monthly payment amount determined under the HAMP guidelines. 1040ez form 2012 online These steps include a reduction in the mortgage loan’s interest rate, an extension of the mortgage loan’s term, and a reduction in the mortgage loan’s principal balance. 1040ez form 2012 online . 1040ez form 2012 online 03 In some cases, the unpaid principal balance of the modified mortgage loan is divided into (1) an amount that bears stated interest and that is used to calculate the borrower’s new monthly mortgage payment (the “Non-forbearance Portion”), and (2) a forbearance amount, which does not bear stated interest and on which periodic payments of stated principal are not required. 1040ez form 2012 online The stated principal of the forbearance amount is due upon the earliest of the borrower’s transfer of the property, payoff of the balance on the Non-forbearance Portion of the mortgage loan, or maturity of the mortgage loan. 1040ez form 2012 online However, as noted in section 2. 1040ez form 2012 online 06 of this revenue procedure, a HAMP-PRA borrower sometimes may not have to pay all or a portion of the forbearance amount. 1040ez form 2012 online (The forbearance amount associated with a HAMP-PRA principal reduction is called the “PRA Forbearance Amount. 1040ez form 2012 online ”) . 1040ez form 2012 online 04 If a mortgage loan is being considered for a HAMP modification and the amount owed on the mortgage loan is greater than 115 percent of the value of the property, then the servicer must consider whether principal reduction under PRA should be used as part of the HAMP modification. 1040ez form 2012 online . 1040ez form 2012 online 05 The first step toward a HAMP modification is a trial period plan, in which the borrower’s monthly mortgage payment is set at a monthly payment amount determined under the HAMP guidelines. 1040ez form 2012 online The trial period plan effective date is the due date for the first of the reduced payments that are to be made under the trial period plan. 1040ez form 2012 online (It is the first day of either the first or the second month after the servicer transmits the trial period notice to the borrower. 1040ez form 2012 online ) In general, the trial period is three months, and, during this period, the borrower must satisfy certain conditions before the changes to the terms of the mortgage loan become permanent (the “Trial Period Conditions”). 1040ez form 2012 online Specifically, depending on the borrower’s trial period payment history, the borrower’s compliance with HAMP and servicer guidelines, and his or her satisfaction of all other Trial Period Conditions, the borrower will be offered a permanent modification of the terms of the mortgage loan, including monthly mortgage payments that are lower than those under the old mortgage loan. 1040ez form 2012 online Until the effective date of a permanent modification, the terms of the existing mortgage loan continue to apply. 1040ez form 2012 online . 1040ez form 2012 online 06 After the mortgage loan is permanently modified under HAMP, if the modified mortgage loan is in good standing on the first, second, or third annual anniversary of the trial period plan effective date (the “Three-year Period”), the servicer must reduce the unpaid principal balance of the mortgage loan on the respective anniversary date by one-third of the initial PRA Forbearance Amount. 1040ez form 2012 online (The servicer allocates the entire reduction to the remaining PRA Forbearance Amount. 1040ez form 2012 online ) In general, if a HAMP-PRA borrower’s mortgage loan is in good standing and if the HAMP-PRA borrower pays in full the Non-forbearance Portion of the mortgage loan prior to the reduction of the entire PRA Forbearance Amount, the servicer must reduce the remaining outstanding principal balance of the mortgage loan by the remaining PRA Forbearance Amount. 1040ez form 2012 online . 1040ez form 2012 online 07 In connection with every HAMP loan modification, the HAMP program administrator (acting on behalf of the federal government) provides incentives to the borrower, the servicer, and the investor (that is, the holder of the mortgage loan). 1040ez form 2012 online If a HAMP loan modification includes a PRA principal reduction, the HAMP program administrator makes additional incentive payments to the investor. 1040ez form 2012 online These additional incentives are called “PRA Investor Incentive Payments” and are generally spread over three years. 1040ez form 2012 online The size of the PRA Investor Incentive Payments depends on the amount of principal reduced, the loan-to-value ratio at the time of the HAMP modification, and the loan’s payment history before the modification. 1040ez form 2012 online The PRA Investor Incentive Payments range from 18 to 63 percent of the principal amounts reduced. 1040ez form 2012 online For purposes of this revenue procedure, the excess of the initial PRA Forbearance Amount of a mortgage loan over the aggregate PRA Investor Incentive Payments scheduled to be paid with respect to that loan is called the “PRA Adjusted Forbearance Amount. 1040ez form 2012 online ” . 1040ez form 2012 online 08 A PRA Investor Incentive Payment is earned by the investor on each date on which the servicer reduces the unpaid principal balance of the mortgage loan by a portion of the PRA Forbearance Amount (generally, on the first three annual anniversaries of the trial period plan effective date). 1040ez form 2012 online . 1040ez form 2012 online 09 If a HAMP-PRA borrower’s early payment in full of the Non-forbearance Portion of the mortgage loan accelerates the reduction of the remaining PRA Forbearance Amount (described above in section 2. 1040ez form 2012 online 06 of this revenue procedure), the remaining PRA Investor Incentive Payments from the HAMP program administrator are also accelerated. 1040ez form 2012 online . 1040ez form 2012 online 10 If, prior to completion of the Three-year Period, a mortgage loan ceases to be in good standing because of the HAMP-PRA borrower’s payment history, then the remaining PRA Forbearance Amount is not further reduced and is due when the HAMP-PRA borrower transfers the property, the HAMP-PRA borrower refinances, or otherwise pays off the Non-forbearance Portion of the mortgage loan, or the mortgage loan matures. 1040ez form 2012 online SECTION 3. 1040ez form 2012 online BACKGROUND—APPLICABLE PROVISIONS OF LAW . 1040ez form 2012 online 01 Under § 61 of the Internal Revenue Code, except as otherwise provided in subtitle A, gross income means all income from whatever source derived, including income from discharge of indebtedness. 1040ez form 2012 online See § 61(a)(12). 1040ez form 2012 online . 1040ez form 2012 online 02 Under § 1. 1040ez form 2012 online 1001-3 of the Income Tax Regulations, if a debt instrument undergoes a significant modification, then the modification results in an exchange of the original debt instrument for the modified debt instrument. 1040ez form 2012 online In general, an agreement to change a term of a debt instrument is a modification at the time the borrower and holder enter into the agreement, even if the change in term is not immediately effective. 1040ez form 2012 online However, if the change is conditioned on reasonable closing conditions, a modification occurs on the closing date of the agreement. 1040ez form 2012 online See § 1. 1040ez form 2012 online 1001-3(c)(6). 1040ez form 2012 online . 1040ez form 2012 online 03 Under § 108(e)(10), in the case of a debt-for-debt exchange (including a deemed exchange under § 1. 1040ez form 2012 online 1001-3), the borrower is treated as having satisfied the original debt instrument with an amount of money equal to the issue price of the new debt instrument. 1040ez form 2012 online If the amount of debt satisfied in this manner exceeds that issue price, the borrower realizes discharge of indebtedness income on the exchange. 1040ez form 2012 online See also § 1. 1040ez form 2012 online 61-12(c). 1040ez form 2012 online . 1040ez form 2012 online 04 The issue price of a non-publicly traded debt instrument issued for non-publicly traded property generally reflects the amount of principal that the borrower is required to pay to the holder of the instrument. 1040ez form 2012 online If a borrower has the ability to avoid paying certain amounts (including principal) without violating the terms of the instrument, the payment schedule for the instrument is generally determined based on an assumption that the borrower will avoid any requirement to make those payments. 1040ez form 2012 online See, e. 1040ez form 2012 online g. 1040ez form 2012 online , §§ 1. 1040ez form 2012 online 1272-1(c)(5) and 1. 1040ez form 2012 online 1274-2(d). 1040ez form 2012 online . 1040ez form 2012 online 05 Under § 108(a), gross income does not include any amount that but for § 108(a) would be includible in gross income by reason of the discharge (in whole or in part) of a taxpayer’s indebtedness if (1) the indebtedness discharged is qualified principal residence indebtedness that is discharged before January 1, 2014, or (2) the discharge occurs when the taxpayer is insolvent. 1040ez form 2012 online Section 108(a)(1)(E) and 108(a)(1)(B). 1040ez form 2012 online (Although § 108 contains other exclusions as well, this revenue procedure focuses on these two exclusions because they are the most likely to apply to the greatest number of HAMP-PRA borrowers. 1040ez form 2012 online ) . 1040ez form 2012 online 06 Under §§ 108(h) and 163(h)(3)(B), qualified principal residence indebtedness is any indebtedness that is incurred by a borrower to buy, build, or substantially improve the borrower’s principal residence and is secured by that residence. 1040ez form 2012 online . 1040ez form 2012 online 07 Qualified principal residence indebtedness also includes a loan secured by the borrower’s principal residence that refinances qualified principal residence indebtedness, but only to the extent of the amount of the refinanced indebtedness. 1040ez form 2012 online See §§ 108(h) and 163(h)(3)(B)(i). 1040ez form 2012 online . 1040ez form 2012 online 08 The maximum amount of discharged indebtedness that a borrower may exclude from gross income under the qualified principal residence indebtedness exclusion is $2,000,000 ($1,000,000 for a married individual filing a separate return). 1040ez form 2012 online Under § 108(h)(4), if only part of the discharged indebtedness is qualified principal residence indebtedness, then the exclusion applies only to the amount of the discharged indebtedness that exceeds the amount of the loan (determined immediately before the discharge) that is not qualified principal residence indebtedness. 1040ez form 2012 online . 1040ez form 2012 online 09 Under § 108(a)(3), the insolvency exclusion applies to the lesser of the amount of the debt discharged or the amount by which the taxpayer is insolvent immediately before the discharge. 1040ez form 2012 online . 1040ez form 2012 online 10 Section 108(d)(3) provides that, for purposes of the insolvency exclusion, a taxpayer is insolvent to the extent that the taxpayer’s total liabilities exceed the fair market value of all of the taxpayer’s assets immediately before the discharge of indebtedness. 1040ez form 2012 online Under § 108(a)(2)(C), the qualified principal residence indebtedness exclusion takes precedence over the insolvency exclusion when both exclusions apply to discharged indebtedness, unless the taxpayer elects to apply the insolvency exclusion. 1040ez form 2012 online . 1040ez form 2012 online 11 If an amount is excluded from gross income as a discharge of qualified principal residence indebtedness, the taxpayer must reduce the basis of the taxpayer’s principal residence. 1040ez form 2012 online See § 108(h)(1). 1040ez form 2012 online If a discharged amount is excluded from gross income because the taxpayer was insolvent when the discharge occurred, the taxpayer must reduce certain tax attributes (possibly including basis). 1040ez form 2012 online See § 108(b). 1040ez form 2012 online For further discussion of income from the discharge of indebtedness, the qualified principal residence indebtedness exclusion, the insolvency exclusion, and other exclusions from gross income that may apply, see Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments (for Individuals). 1040ez form 2012 online . 1040ez form 2012 online 12 Taxpayers who exclude any discharged amounts from gross income report both the exclusion and the resulting reduction in basis or other tax attributes on Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment). 1040ez form 2012 online See Form 982 instructions and Publication 4681. 1040ez form 2012 online This form is to be filed with the tax return for the taxable year in which the amount is discharged but is excluded from gross income. 1040ez form 2012 online . 1040ez form 2012 online 13 Governmental payments made to or on behalf of individuals or other persons are included within the broad definition of gross income under § 61 unless an exception applies. 1040ez form 2012 online See Notice 2003-18, 2003-1 C. 1040ez form 2012 online B. 1040ez form 2012 online 699, and Rev. 1040ez form 2012 online Rul. 1040ez form 2012 online 79-356, 1979-2 C. 1040ez form 2012 online B. 1040ez form 2012 online 28. 1040ez form 2012 online However, if disbursements are made by a governmental unit to individuals in the interest of the general welfare (that is, are generally based on individual or family need) and the disbursements do not represent compensation for services, then the amounts disbursed are excluded from the income of the recipient (general welfare exclusion). 1040ez form 2012 online See Rev. 1040ez form 2012 online Rul. 1040ez form 2012 online 2005-46, 2005-2 C. 1040ez form 2012 online B. 1040ez form 2012 online 120, and Rev. 1040ez form 2012 online Rul. 1040ez form 2012 online 75-246, 1975-1 C. 1040ez form 2012 online B. 1040ez form 2012 online 24. 1040ez form 2012 online . 1040ez form 2012 online 14 Under § 451 and § 1. 1040ez form 2012 online 451-1(a), a taxpayer that uses the cash receipts and disbursements method of accounting includes income in gross income when the taxpayer actually or constructively receives the income. 1040ez form 2012 online . 1040ez form 2012 online 15 Section 6041 requires every person engaged in a trade or business (including the United States and its agencies) to (1) file an information return (Form 1099-MISC, Miscellaneous Income, is used for this purpose) for each calendar year in which the person makes, in the course of its trade or business, payments to another person of fixed or determinable income aggregating $600 or more, and (2) furnish a copy of the information return to that other person. 1040ez form 2012 online See § 6041(a) and (d) and § 1. 1040ez form 2012 online 6041-1(a)(1) and (b). 1040ez form 2012 online . 1040ez form 2012 online 16 Section 6050P requires applicable entities (including the United States and its agencies, financial entities, and any organization a significant trade or business of which is the lending of money) to (1) file an information return (Form 1099-C, Cancellation of Debt, is used for this purpose) for each calendar year in which it discharges indebtedness of another person of $600 or more, and (2) furnish a copy of the information return to that other person. 1040ez form 2012 online See § 6050P(a)-(c) and §§ 1. 1040ez form 2012 online 6050P-1(a) and 1. 1040ez form 2012 online 6050P-2(a) and (d). 1040ez form 2012 online . 1040ez form 2012 online 17 Section 6721 imposes penalties with respect to information returns required to be filed with the Service. 1040ez form 2012 online These penalties apply in the case of a failure to timely file an information return, a failure to include all required information on the return, or the inclusion of incorrect information on the return. 1040ez form 2012 online Section 6724(d)(1) includes Forms 1099-MISC and 1099-C in the term “information return. 1040ez form 2012 online ” . 1040ez form 2012 online 18 Section 6722 imposes penalties with respect to payee statements required to be furnished to payees. 1040ez form 2012 online These penalties apply in the case of a failure to timely furnish a payee statement, a failure to include all required information on the statement, or the inclusion of incorrect information on the payee statement. 1040ez form 2012 online Section 6724(d)(2) includes in the term “payee statement” copies of Forms 1099-MISC and 1099-C that are required to be furnished to taxpayers. 1040ez form 2012 online SECTION 4. 1040ez form 2012 online FEDERAL INCOME TAX TREATMENT . 1040ez form 2012 online 01 Because a HAMP modification with a PRA principal reduction is a significant modification, it results in a deemed debt-for-debt exchange in which the HAMP-PRA borrower satisfies the old mortgage loan by issuing a new one. 1040ez form 2012 online See § 1. 1040ez form 2012 online 1001-3. 1040ez form 2012 online At the time of the modification, therefore, under § 108 and this revenue procedure, the HAMP-PRA borrower realizes discharge of indebtedness income equal to any excess of the adjusted issue price of the old mortgage loan (which was satisfied in the deemed exchange) over the issue price of the new (post-modification) mortgage loan. 1040ez form 2012 online See also § 61(a)(12) and § 1. 1040ez form 2012 online 61-12(c). 1040ez form 2012 online . 1040ez form 2012 online 02 A HAMP-PRA borrower has the ability to avoid payment of the PRA Adjusted Forbearance Amount. 1040ez form 2012 online Because the HAMP-PRA borrower has this ability, that amount should not be taken into account in determining the issue price of the new mortgage loan. 1040ez form 2012 online Because the issue price of the new mortgage loan does not include the PRA Adjusted Forbearance Amount, the PRA Adjusted Forbearance Amount contributes to the excess of the adjusted issue price of the old mortgage loan (which was satisfied in the deemed exchange) over the issue price of the new mortgage loan. 1040ez form 2012 online . 1040ez form 2012 online 03 On the other hand, the investor has not given up its right to receive the remainder of the PRA Forbearance Amount, because the HAMP program administrator is expected to make those payments on the HAMP-PRA borrower’s behalf by making the PRA Investor Incentive Payments. 1040ez form 2012 online Because the remainder of the PRA Forbearance Amount is payable in this manner, that remainder is included in the issue price of the new mortgage loan. 1040ez form 2012 online . 1040ez form 2012 online 04 The Trial Period Conditions are reasonable closing conditions that must be satisfied before the changes to the terms of the mortgage loan become permanent. 1040ez form 2012 online Therefore, for purposes of § 1. 1040ez form 2012 online 1001-3, the date of the modification is the date of the permanent modification. 1040ez form 2012 online . 1040ez form 2012 online 05 Unless an exclusion applies, the HAMP-PRA borrower includes in gross income the discharge of indebtedness income described in section 4. 1040ez form 2012 online 01 of this revenue procedure for the taxable year in which the permanent modification occurs. 1040ez form 2012 online Under certain conditions, however, section 6 of this revenue procedure permits a borrower to report the discharge of indebtedness under HAMP-PRA over the Three-year Period. 1040ez form 2012 online The qualified principal residence indebtedness exclusion under § 108(a)(1)(E) and the insolvency exclusion under § 108(a)(1)(B) are two exclusions that may apply to the discharge. 1040ez form 2012 online . 1040ez form 2012 online 06 The PRA Investor Incentive Payment is treated as a payment on the mortgage loan by the HAMP program administrator on behalf of the HAMP-PRA borrower. 1040ez form 2012 online . 1040ez form 2012 online 07 To the extent that the HAMP-PRA borrower uses the property as the HAMP-PRA borrower’s principal residence or the property is occupied by the HAMP-PRA borrower’s legal dependent, parent, or grandparent without rent being charged or collected, the HAMP-PRA borrower excludes from his or her gross income under the general welfare exclusion the PRA Investor Incentive Payments that the HAMP program administrator makes to the investor in the mortgage loan. 1040ez form 2012 online This is consistent with Rev. 1040ez form 2012 online Rul. 1040ez form 2012 online 2009-19, 2009-28 I. 1040ez form 2012 online R. 1040ez form 2012 online B. 1040ez form 2012 online 111, which addressed the treatment of Pay-for-Performance Success Payments. 1040ez form 2012 online . 1040ez form 2012 online 08 To the extent that the HAMP-PRA borrower uses the property as a rental property or holds the property vacant and available for rent, the HAMP-PRA borrower includes PRA Investor Incentive Payments in gross income. 1040ez form 2012 online If the HAMP-PRA borrower uses the cash receipts and disbursements method of accounting, then the HAMP-PRA borrower includes a PRA Investor Incentive Payment in gross income in the taxable year in which it is applied as a payment on the HAMP-PRA borrower’s mortgage loan. 1040ez form 2012 online . 1040ez form 2012 online 09 As described in section 2. 1040ez form 2012 online 09 of this revenue procedure, if a HAMP-PRA borrower pays in full the Non-forbearance Portion of the mortgage loan while the loan is in good standing and prior to completion of the Three-year Period, that payment accelerates both the reduction in the remaining PRA Forbearance Amount and the PRA Investor Incentive Payments from the HAMP program administrator. 1040ez form 2012 online To the extent that the HAMP-PRA borrower is described in section 4. 1040ez form 2012 online 07 of this revenue procedure, the HAMP-PRA borrower excludes from his or her gross income under the general welfare exclusion the accelerated PRA Investor Incentive Payments. 1040ez form 2012 online To the extent that the HAMP-PRA borrower is described in section 4. 1040ez form 2012 online 08 of this revenue procedure, the HAMP-PRA borrower includes in income in the year of the acceleration the remaining amount of the PRA Investor Incentive Payment. 1040ez form 2012 online SECTION 5. 1040ez form 2012 online INFORMATION-REPORTING OBLIGATIONS . 1040ez form 2012 online 01 Under § 6050P, the investor is required to file a Form 1099-C with respect to a borrower who realizes discharge of indebtedness of $600 or more. 1040ez form 2012 online A copy of this form is required to be furnished to the borrower. 1040ez form 2012 online . 1040ez form 2012 online 02 As stated in sections 4. 1040ez form 2012 online 01 and 4. 1040ez form 2012 online 04 of this revenue procedure, the HAMP-PRA discharge of indebtedness is realized at the time of the permanent modification of the mortgage loan. 1040ez form 2012 online . 1040ez form 2012 online 03 An investor is an applicable entity that is required under § 1. 1040ez form 2012 online 6050P-1 and this revenue procedure to issue a Form 1099-C for discharge of indebtedness. 1040ez form 2012 online Under § 1. 1040ez form 2012 online 6050P-1(b)(2)(F), the permanent modification of a mortgage loan is an identifiable event. 1040ez form 2012 online Identifiable events determine when Forms 1099-C have to be issued. 1040ez form 2012 online Thus, the Form 1099-C is issued for the calendar year in which the permanent mortgage loan modification occurs. 1040ez form 2012 online This rule under § 1. 1040ez form 2012 online 6050P-1(b)(2)(F) applies even if, under section 6 of this revenue procedure, the HAMP-PRA borrower chooses to treat the HAMP-PRA discharge as being realized at the times when the unpaid principal balance of the new mortgage loan is reduced. 1040ez form 2012 online . 1040ez form 2012 online 04 The investor (or the loan servicer acting on behalf of the investor) reports the full amount of the discharge on the Form 1099-C regardless of whether some or all of the amount is excludible from income under the qualified principal residence indebtedness exclusion, the insolvency exclusion, or any other exclusion that may apply. 1040ez form 2012 online That discharged amount will generally be the PRA Adjusted Forbearance Amount (which does not include the amounts expected to be satisfied by PRA Investor Incentive Payments). 1040ez form 2012 online . 1040ez form 2012 online 05 To the extent that PRA Investor Incentive Payments are made on behalf of a HAMP-PRA borrower who is described in section 4. 1040ez form 2012 online 07 of this revenue procedure, the PRA Investor Incentive Payments are excluded from the gross income of the HAMP-PRA borrower, and thus they are not fixed or determinable income to the HAMP-PRA borrower. 1040ez form 2012 online Under § 6041, these payments are not subject to information reporting. 1040ez form 2012 online See Notice 2011-14, 2011-11 I. 1040ez form 2012 online R. 1040ez form 2012 online B. 1040ez form 2012 online 544, 546. 1040ez form 2012 online . 1040ez form 2012 online 06 To the extent that PRA Investor Incentive Payments are made on behalf of a HAMP-PRA borrower who is described in section 4. 1040ez form 2012 online 08 of this revenue procedure, the PRA Investor Incentive Payments are includible in gross income as fixed or determinable income in the taxable year required by the HAMP-PRA borrower’s method of accounting. 1040ez form 2012 online The payment is subject to the information reporting requirements of § 6041, as described in section 3. 1040ez form 2012 online 15 of this revenue procedure. 1040ez form 2012 online Accordingly, the HAMP program administrator is required to issue a Form 1099-MISC reporting the PRA Investor Incentive Payment. 1040ez form 2012 online SECTION 6. 1040ez form 2012 online HAMP-PRA BORROWERS’ REPORTING OF DISCHARGES OF INDEBTEDNESS UNDER HAMP-PRA . 1040ez form 2012 online 01 In general. 1040ez form 2012 online The HAMP-PRA program began in the last quarter of 2010, and since that time there has been uncertainty about whether the amount of the discharge of indebtedness should be reported in the year of the permanent modification or over the Three-year Period (when the unpaid principal balance on the new mortgage loan is reduced). 1040ez form 2012 online As a result, some HAMP-PRA borrowers have been reporting the discharge of indebtedness under HAMP-PRA over the Three-year Period. 1040ez form 2012 online Given the temporary nature of the program and the issuance of this guidance after participation in the program has begun, in the interests of equitable and sound tax administration, HAMP-PRA borrowers may report discharges of indebtedness under HAMP-PRA under the rules in this section 6. 1040ez form 2012 online A HAMP-PRA borrower may choose to report discharges of indebtedness under HAMP-PRA pursuant to the rules in this section 6 only if the borrower applies the same borrower option under section 6. 1040ez form 2012 online 02 of this revenue procedure consistently to the taxable year of the permanent modification and to all subsequent taxable years. 1040ez form 2012 online Thus, a HAMP-PRA borrower may not choose a borrower option under section 6. 1040ez form 2012 online 02 of this revenue procedure if a statute of limitations has expired for any of the taxable years that are necessary for consistent application of that option. 1040ez form 2012 online . 1040ez form 2012 online 02 HAMP-PRA borrower options. 1040ez form 2012 online A HAMP-PRA borrower may treat the HAMP-PRA discharge as being realized in either of the following ways— (1) One hundred percent of the PRA Adjusted Forbearance Amount at the time of the permanent modification; or (2) One third of the PRA Adjusted Forbearance Amount on each of the first three annual anniversaries of the trial period plan effective date (described in section 2. 1040ez form 2012 online 06 of this revenue procedure), when, as required by the terms of the new mortgage loan, the servicer reduces the unpaid principal balance of the new mortgage loan. 1040ez form 2012 online If some or all of the reduction in the unpaid principal balance is accelerated (as described in section 2. 1040ez form 2012 online 06 of this revenue procedure) because the HAMP-PRA borrower prepays the Non-forbearance Portion of the mortgage loan, then the HAMP-PRA discharge represented by the amount of the reduction that was accelerated is treated as being realized at the time of the accelerated reduction. 1040ez form 2012 online . 1040ez form 2012 online 03 HAMP-PRA borrowers who choose to realize the HAMP-PRA discharge at the time of the permanent modification. 1040ez form 2012 online (1) If a HAMP-PRA borrower chooses to treat the HAMP-PRA discharge as being realized at the time of the permanent modification, then for the taxable year in which the permanent modification occurs, the HAMP-PRA borrower reports on Form 982 the amount, if any, of the discharge that is excluded from gross income and includes in gross income any remaining discharge. 1040ez form 2012 online (2) If a HAMP-PRA borrower’s mortgage loan was permanently modified under HAMP in 2010 or 2011, and if the borrower was reporting the discharge of indebtedness using the method described in section 6. 1040ez form 2012 online 02(2) of this revenue procedure, then the borrower may change to reporting the discharge of indebtedness using the method described in section 6. 1040ez form 2012 online 02(1) of this revenue procedure by filing a 2012 Form 982 with the borrower’s timely filed (with extensions) 2012 income tax return. 1040ez form 2012 online This section 6. 1040ez form 2012 online 03(2) applies only if the change to reporting the discharge using the method described in section 6. 1040ez form 2012 online 02(1) of this revenue procedure does not change the borrower’s federal income tax liability (including any change in federal income tax liability due to a change in basis or tax attributes (under § 108(h)(1) or § 108(b))) for any taxable year prior to the borrower’s 2012 taxable year. 1040ez form 2012 online To make this change, the borrower must— (i) Compute the amount of discharge of indebtedness that would be included in income under § 61(a)(12) or excluded from gross income under § 108, basing the computation of the discharge on the facts as of the year of the permanent modification; and (ii) Report on a 2012 Form 982 the reduction in basis or tax attributes (under § 108(h)(1) or § 108(b)) due to the permanent modification that the borrower would have reported on the Form 982 for the taxable year of the permanent modification, minus any reductions due to the permanent modification that the borrower actually reported on Forms 982 for taxable years prior to 2012. 1040ez form 2012 online (3) Example. 1040ez form 2012 online The following example illustrates the application of section 6. 1040ez form 2012 online 03(2) of this revenue procedure. 1040ez form 2012 online In 2010, B’s basis in B’s principal residence was $330,000. 1040ez form 2012 online In 2010, B’s mortgage loan on the principal residence is permanently modified under HAMP-PRA. 1040ez form 2012 online B realized $30,000 of cancellation of indebtedness from the permanent modification, all of which qualifies for the exclusion from income for qualified principal residence indebtedness under § 108(a)(1)(E). 1040ez form 2012 online The trial period plan effective date also fell in 2010. 1040ez form 2012 online B’s federal income tax return for 2010 was consistent with B’s reporting this discharge of indebtedness using the method described in section 6. 1040ez form 2012 online 02(2) of this revenue procedure. 1040ez form 2012 online That is, B’s 2010 return did not include income from discharge of indebtedness under HAMP-PRA, nor did the return contain a Form 982 reporting exclusion of any such discharge of indebtedness. 1040ez form 2012 online The next year, B reported on line 10(b) of the 2011 Form 982 that B filed with B’s 2011 federal income tax return a $10,000 reduction in basis in the principal residence. 1040ez form 2012 online For 2012, B chooses to change to reporting the discharge of indebtedness using the method described in section 6. 1040ez form 2012 online 02(1) of this revenue procedure. 1040ez form 2012 online Thus, B files a 2012 Form 982 with B’s timely filed (including extensions) 2012 federal income tax return, and on line 10(b) of that form, B reports a $20,000 basis reduction in the principal residence ($30,000 basis reduction that B would have excluded from income in 2010 using the method described in section 6. 1040ez form 2012 online 02(1) of this revenue procedure, minus the $10,000 basis reduction that B reported on B’s 2011 Form 982). 1040ez form 2012 online (4) If a HAMP-PRA borrower reports the entire HAMP-PRA discharge using the method described in section 6. 1040ez form 2012 online 02(1) of this revenue procedure, and if that HAMP-PRA borrower’s mortgage loan ceases to be in good standing during the Three-year Period as described in section 2. 1040ez form 2012 online 10 of this revenue procedure, then some or all of the anticipated reductions in the PRA Adjusted Forbearance Amount will not take place. 1040ez form 2012 online Because the amount of these anticipated reductions was not included in determining the issue price of the new mortgage loan that, pursuant to § 1. 1040ez form 2012 online 1001-3, the HAMP-PRA borrower is deemed to issue in satisfaction of the old mortgage loan, the issue price of the new mortgage loan was understated. 1040ez form 2012 online Under these circumstances, the discharge of indebtedness income determined as of the date of the permanent modification will have been overstated. 1040ez form 2012 online (5) The Service will not challenge a HAMP-PRA borrower who is described in section 6. 1040ez form 2012 online 03(4) of this revenue procedure and who takes the following corrective measures: (i) If a HAMP-PRA borrower included any of the discharge of indebtedness in gross income, the HAMP-PRA borrower may file an amended return that does not include the amount of the discharge of indebtedness that was previously reported as gross income but that, because of the HAMP-PRA borrower’s failure to keep the new mortgage loan in good standing, was not ultimately discharged. 1040ez form 2012 online The amended return should be for the taxable year in which the income was included (that is, the year of the permanent modification), provided the applicable statute of limitations remains open for that taxable year. 1040ez form 2012 online (ii) If the HAMP-PRA borrower did not include any of the discharge of indebtedness in gross income (that is, if the HAMP-PRA borrower excluded all of it), the HAMP-PRA borrower may file a new Form 982 that the Service will treat as superseding the earlier Form 982. 1040ez form 2012 online The new Form 982 will reflect the revised reduction in basis or in tax attributes (under § 108(h)(1) or § 108(b)). 1040ez form 2012 online The new Form 982 should be the Form 982 for the year of the permanent modification and should be filed with the return for the taxable year in which the HAMP-PRA borrower’s mortgage loan ceased to be in good standing. 1040ez form 2012 online . 1040ez form 2012 online 04 HAMP-PRA borrowers who choose to treat the HAMP-PRA discharge as being realized on the dates on which the unpaid principal balance of the mortgage loan is reduced. 1040ez form 2012 online (1) If a HAMP-PRA borrower chooses to realize the HAMP-PRA discharge at the times that the unpaid principal balance on the new mortgage loan is reduced, instead of at the time of the permanent modification, then the HAMP-PRA borrower’s federal income tax returns for the taxable year that contains the permanent modification and for the subsequent taxable years must not treat any of the discharge as being realized at the time of the permanent modification and must treat the entire HAMP-PRA discharge as being realized in the amounts—and at the times—of the reductions in the unpaid principal balance. 1040ez form 2012 online Except as described in the last sentence of this paragraph, therefore, the income tax return for the year of the permanent modification must include no gross income from—nor report on Form 982 an exclusion of—any amount of the HAMP-PRA discharge. 1040ez form 2012 online Instead, the HAMP-PRA discharge is included in gross income (or is reported on Form 982 as excluded from gross income) in the subsequent years in which the unpaid principal balance is reduced. 1040ez form 2012 online If the first such reduction occurs in the year of the permanent modification, however, then the amount of any such reduction is reflected as an inclusion or exclusion on the federal income tax return for that year. 1040ez form 2012 online (2) A HAMP-PRA borrower who has been using the method described in section 6. 1040ez form 2012 online 02(1) of this revenue procedure may change to the method described in section 6. 1040ez form 2012 online 02(2) but must comply with the consistency and open-year requirements described in section 6. 1040ez form 2012 online 01 of this revenue procedure. 1040ez form 2012 online SECTION 7. 1040ez form 2012 online PENALTY RELIEF FOR 2012 . 1040ez form 2012 online 01 The Service will not assert penalties under § 6721 or § 6722 against an investor for failing to timely file and furnish a 2012 Form 1099-C as required by section 5. 1040ez form 2012 online 03 through 5. 1040ez form 2012 online 04 and section 8. 1040ez form 2012 online 02 of this revenue procedure with respect to discharge of indebtedness resulting from HAMP-PRA permanent modifications that take place during calendar year 2012 if the following requirements are satisfied: (1) Not later than February 28, 2013, a statement is sent to the HAMP-PRA borrower containing the following: (a) The HAMP-PRA borrower’s name, address, and taxpayer identification number; and (b) The date and amount of the discharge of indebtedness (as described in sections 4. 1040ez form 2012 online 01 through 4. 1040ez form 2012 online 04 of this revenue procedure) that is required to be reported for 2012. 1040ez form 2012 online (2) Not later than March 28, 2013, a statement is sent to the Service. 1040ez form 2012 online It must be in the form of a single statement that separately lists for each HAMP-PRA borrower the information specified in section 7. 1040ez form 2012 online 01(1) of this revenue procedure. 1040ez form 2012 online The statement should be sent to the Service at the following address: Internal Revenue Service Center Stop 6728AUSC Austin, TX 73301 . 1040ez form 2012 online 02 The Service will not assert penalties under § 6721 or § 6722 with respect to any Forms 1099-MISC for 2012 that sections 5. 1040ez form 2012 online 06 and 8. 1040ez form 2012 online 02 of this revenue procedure require to be filed with the Service and furnished to taxpayers. 1040ez form 2012 online . 1040ez form 2012 online 03 Section 8. 1040ez form 2012 online 03 and 8. 1040ez form 2012 online 04 of this revenue procedure, below, describes penalty relief regarding Forms 1099-C and 1099-MISC for 2010 and 2011. 1040ez form 2012 online SECTION 8. 1040ez form 2012 online SCOPE AND EFFECTIVE DATE . 1040ez form 2012 online 01 This revenue procedure applies to all borrowers, investors, and servicers who participate, or have participated, in the HAMP-PRA, regardless of when the permanent modification occurs. 1040ez form 2012 online . 1040ez form 2012 online 02 Section 5 of this revenue procedure is effective for Forms 1099-C and 1099-MISC due or filed after January 24, 2013. 1040ez form 2012 online . 1040ez form 2012 online 03 Because of the effective date in section 8. 1040ez form 2012 online 02 of this revenue procedure, an investor is not subject to penalties under § 6721 or § 6722 on the grounds that the investor failed to timely file and furnish a 2010 or 2011 Form 1099-C as described in section 5. 1040ez form 2012 online 03 through 5. 1040ez form 2012 online 04 of this revenue procedure (or on the grounds that the investor filed or furnished a 2010 or 2011 Form 1099-C that is inconsistent with section 5. 1040ez form 2012 online 03 through 5. 1040ez form 2012 online 04 of this revenue procedure), provided that the investor demonstrates a good faith attempt to comply with the requirements of § 6050P and that the failure was not due to willful neglect. 1040ez form 2012 online . 1040ez form 2012 online 04 Because of the effective date in section 8. 1040ez form 2012 online 02 of this revenue procedure, the Service will not assert penalties under § 6721 or § 6722 on the grounds of a failure to timely file and furnish a 2010 or 2011 Form 1099-MISC, as described in section 5. 1040ez form 2012 online 06 of this revenue procedure. 1040ez form 2012 online SECTION 9. 1040ez form 2012 online DRAFTING INFORMATION The principal authors of this revenue procedure are Ronald J. 1040ez form 2012 online Goldstein of the Office of Chief Counsel (Procedure and Administration); Shareen S. 1040ez form 2012 online Pflanz and Sheldon A. 1040ez form 2012 online Iskow of the Office of Chief Counsel (Income Tax and Accounting); and Andrea M. 1040ez form 2012 online Hoffenson of the Office of Chief Counsel (Financial Institutions and Products). 1040ez form 2012 online For further information regarding this revenue procedure, contact Procedure and Administration branch 1 at (202) 622-4910, Income Tax and Accounting branch 4 at (202) 622-4920, or Financial Institutions and Products branch 1 at (202) 622-3920 (not toll-free calls). 1040ez form 2012 online Prev  Up  Next   Home   More Internal Revenue Bulletins
Print - Click this link to Print this page

Understanding Your CP081 Notice

We haven’t received your tax return for a specific tax year. The statute of limitations to claim a refund of your credit or payment for that tax year is about to expire.


What you need to do

  • If you’re required to file this tax return, file immediately. We’ll apply the credit amount shown on this notice to the tax you owe and refund any overpayment to you, if you don’t owe other taxes or obligations.
  • If you’ve already filed this return and it has been over 8 weeks, send us a newly signed copy of your tax return. Be sure to attach copies of all schedules and other documents you included with your previously filed original tax return.
  • If you want the credit transferred to another tax form, tax period or tax identification number, call us at 1-800-829-0115.
  • If you don’t file your tax return or contact us, you’ll lose this credit. The Internal Revenue Code sets strict time limits for refunding or transferring credits.

You may want to

  • Call 1-800-829-3676 (1-800-TAX-FORM) to order forms and publications or visit our website, www.irs.gov, to download them.

Answers to Common Questions

How long do I have to file a tax return to claim a refund?
Generally, you must file a tax return within 3 years from the due date of the return (including extensions) to receive a refund of any overpayment on your account. After this statute of limitations expires, we can’t refund any overpayments.

Where do I send my return?
Send it to the address listed on the notice.

What should I do if I’ve just filed my tax return?
You don’t have to do anything if you filed your tax return within the last 8 weeks.


Tips for next year

  • File all required returns by the appropriate due date.

 

Page Last Reviewed or Updated: 07-Mar-2014

Printable samples of this notice (PDF)

 

 

How to get help

  • Call the 1-800 number listed on the top right corner of your notice.
  • Authorize someone (e.g., accountant) to contact the IRS on your behalf using Form 2848.
  • See if you qualify for help from a Low Income Taxpayer Clinic.
     

The 1040ez Form 2012 Online

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